Shareholder's Information

This section inter alia provides information pertaining of the Company, its shareholding pattern, means of dissemination of information, service standards, share price movements and such other information, in terms of point no. C (9) of Schedule V to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 relating to Corporate Governance.

Shareholders / Investors Services:

GRUH has its in-house secretarial department under the overall supervision of Mr. Marcus Lobo – Company Secretary / Compliance Officer. For any assistance regarding share transfers, transmissions, change of address, non receipt of dividend, duplicate / missing share certificates and other matters pertaining to your shares, please write to the following address:

Listing of Equity Shares :

GRUH’s shares are listed on the BSE Ltd. and National Stock Exchange of India Ltd.

The Stock Code Nos. are : BSE: 511288; NSE: GRUH

 

The listing fees have been paid to BSE and NSE for the financial year 2019-20 as per the listing agreement with the respective stock exchanges.

Listing of Debt Securities:

GRUH’s NCDs (Series – SD-001 and SD-002 aggregating to ₹ 35 crores) are listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India Limited (NSE).

Debenture Trustees:

IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400 001.

 

Distribution of Shareholding as at March 31, 2019

 

Details regarding dividend paid during the last 7 years :

NB: Shareholders who have not received the dividends may kindly contact the secretarial department.

Unclaimed Dividend

The Company has transferred all unclaimed/unpaid dividends up to the financial year 2010-11 to the Investor Education and Protection Fund, as applicable. The Company has transferred matured deposits and interest thereon for the year 2010-11 remaining unclaimed / unpaid, to the Investor Education and Protection Fund, in accordance with the current regulations.

Members who have either not received or have not encashed their dividend warrant(s) for the financial years 2011-12 to 2017-18 are requested to claim the unpaid dividend from the Company before transfer to the above mentioned fund. After transfer of unpaid / unclaimed dividend amount to the Investor Education and Protection Fund, the same cannot be claimed subsequently

Dividends that have not been claimed by the shareholders for the financial year 2011-12 will have to be transferred to the Investor Education and Protection Fund in August 2019 in accordance with the provisions of the Companies Act.

The details of the unclaimed dividend and the last date for claiming the same, prior to its transfer to the IEPF, are as under:

Unclaimed Shares:

As per Listing Regulations :

Regulation 39(4) of the Listing Regulations inter alia requires every listed company to comply with certain procedures in respect of shares issued by it in physical form pursuant to a public issue or any other issue and which remained unclaimed for any reason whatsoever.

In compliance with the provisions of the said Regulation, the Company has sent three reminders under Registered Post to the Shareholders whose share certificates were returned undelivered and are lying unclaimed. In case your shares are lying unclaimed with the Company, you are requested to claim the same by writing a letter to the Company

Last year, the unclaimed 3,81,250 equity shares of ₹ 2 each of the Company in respect of 303 folios were dematerialized and credited to GRUH Finance Limited – Unclaimed Suspense Account maintained with HDFC Bank Limited, on March 28, 2018, in compliance with the said Regulation.

During the year, As per the said provisions, GRUH had identified folios where shares had returned undelivered remaining unclaimed with the Company. Accordingly, GRUH had sent 3 reminder letters to the identified 231 shareholders and will be thereafter transferred identified equity shares to Unclaimed Demat Suspense Account opened with HDFC Securities Limited.

Summary of the unclaimed shares transferred to the said Unclaimed Suspense Account, in terms of the said Regulation, as on March 31, 2019, is detailed as under:

* The shares in unclaimed suspense account has increased due to 1:1 Bonus issue of equity shares in June 2018.

 

In terms of the said Regulation, voting rights on the equity shares lying in the said Unclaimed Suspense Account shall remain frozen till the rightful owner claims such shares. Further, all corporate benefits in terms of securities accruing on the said unclaimed shares viz. bonus shares, split, etc., if any, shall also be credited to the said Unclaimed Suspense Account.

As per Companies Act, 2013 :

As per Section 124 of the Companies Act, 2013, all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company in the name of IEPF. However, the concerned shareholder(s) can claim the dividend and/or shares that have been transferred to IEPF after complying with the procedure prescribed by the Ministry of Corporate Affairs, Government of India. The details of shares required to be transferred by the Company to IEPF is available on its website.

A brief outline of the procedure for claiming the dividend/shares from the IEPF Authority is listed for the benefit of the concerned shareholder(s):

• Download Form IEPF-5 from www.iepf.gov.in.
• Submit the duly filled form online at www.mca.gov.in. On successful upload, download the acknowledgement that gets generated automatically.
• Take a printout of the duly filled Form IEPF-5 and the acknowledgement. Submit the same to the Nodal Officer (IEPF) of the Company at its registered office in an envelope marked as “Claim for refund from IEPF Authority” along with the following documents:
  – indemnity in original with claimant’s signature
  – advance stamped receipt (in original)
  – copy of Aadhaar Card (for Indian citizens)
  – copy of Passport, OCI and PI card (for foreigners and NRI)
  – proof of entitlement (share certificate/dividend warrant etc.)
  – cancelled cheque leaf and
  – Other required documents
• The Company on receipt of the complete set of documents will submit its verification report to the IEPF Authority
• Upon submission of the verification report by the Company, the corresponding action shall solely be at the discretion of the IEPF Authority.

For more details, the concerned shareholders are requested to refer to the “Refund” section of www.iepf.gov.in.

 

Nomination Facility:

Where shares are held in single name, in case of an unfortunate death of the shareholder, the process of transmission is cumbersome as it requires submission of succession certificate / letter of probate / will, etc. Shareholders holding shares in single name and in physical form are requested to submit the prescribed Form SH-13 (in duplicate) to the secretarial department to avail of the nomination facility. Shareholders may contact the secretarial department for the said form. Shareholders holding shares in demat form are requested to contact their depository participants for availing the nomination facility.

Financial year:

The Company follows financial year starting from April 1 to March 31 each year.

Outstanding GDRs / ADRs / warrants:

The Company does not have any GDRs/ ADRs / Warrants or any convertible instruments.

Commodity Price Risks and Foreign Exchange Risks and hedging activities:

Being a housing finance company, the Company does not deal in the commodity market nor has any hedging activities. The Company has no exposure to foreign exchange borrowings.

Book Closure:

Pursuant to the provisions of Section 91 of the Companies Act, 2013 and Rule 10 of the Companies (Management and Administration) Rules, 2014, the register of members and share transfer books of the Company will remain closed from July 11, 2019 to July 19, 2019 (both days inclusive) for the purpose of AGM/Dividend for the financial year 2018-19.

 

Dividend Payment:

The Board of Directors of GRUH has recommended a dividend of 100 % (₹ 2 per share) for the financial year ended March 31, 2019 for approval of the shareholders at the annual general meeting.

Dividend entitlement is as follows:

• For shares held in physical form: shareholders whose names appear on the register of members of the Company as on Wednesday, July 10, 2019.
• For shares held in electronic form: beneficial owners whose names appear in the statement of beneficial position downloaded by NSDL and CDSL as at the relevant book close date.

Dividend, if declared by the members shall be paid on or after July 19, 2019 but within the statutory time limit.

33^rd Annual General Meeting

Date :	July 19, 2019
Day :	Friday
Time :	10.30 a.m.
Venue :	H.T. Parekh Convention Centre, Ahmedabad Management Association (AMA), ATIRA Campus, Dr. Vikram Sarabhai Marg, Vastrapur, Ahmedabad 380 015

 

Service Standards

GRUH is committed to providing effective and prompt service to its investors. The Secretarial Department has been entrusted with the responsibility of ensuring that the investors of the Company are serviced in accordance with the service standards. Listed below are the service standards adopted by the Company in respect of various services being rendered by the Secretarial Department.

* Subject to receipt and verification of valid documents and requisite approvals.

 

The investors are requested to contact the Secretarial Department for availing any of the said services. The Company has designated an exclusive e-mail address viz. investorcare@gruh.com which would enable investors to post their grievance.

A status report on adherence to the said service standards is reviewed by the Company secretary on a monthly basis and a detailed report is presented at the meetings of the Stakeholders Relationship Committee, for its review and noting.

Stock Market Data:

Monthly high and low quotations as well as the volume of shares traded at the BSE Limited and the NSE for 2018-19 along with the BSE Sensex and NIFTY are as follows:

BSE 2018-19 :

 

NSE 2018-19 :

 

* During FY 2018-19, Company has allotted bonus shars in the ratio of 1:1 number of shares and share price per share are adjusted to give effect of the bonus shares.

OTHER INFORMATION

Equity History:

Note: The nominal face value of the equity shares of the Company was subdivided from ₹ 10 per equity share to ₹ 2 per equity share, with effect from July 26, 2012. Thereafter, at the 28th Annual General Meeting (AGM) of the Company held on May 28, 2014, the members of the Company had approved the issue of Bonus Shares in the proportion of 1:1 (i.e. one new fully paid up Equity Share of ₹ 2 each for every 1 (one) fully paid-up Equity Share of ₹ 2 each held. Again, at the 32nd Annual General Meeting (AGM) of the Company held on May 30, 2018, the members of the Company had approved the issue of Bonus Shares in the proportion of 1:1 (i.e. one new fully paid up Equity Share of 2 each for every 1 (one) fully paid-up Equity Share of ₹ 2 each held. Accordingly, for ease of comparison, all issues have been represented by equity shares of ₹ 2 each

Measuring Shareholders’ Value :

At GRUH, we beliveve in maximizing the wealth of its shareholders and our endeavours are in the direction of providing maximum value to our shareholders either in the form of dividend or capital appreciation. The value of shareholders’ return is measured as follows :

A. Total Shareholders’ Return :

Total Shareholders’ return includes the dividend paid by the Company as well as the capital appreciation of the shares of the Company in the stock markets. During the past five years return to shareholders has been as follows :

(₹ in crores)

B. Enterprise Value :

Enterprise Value (EV) measures the value of a Company as on a particular date. It is calculated by making adjustments to the market capitalisation of a Company. The formula for measuring Enterprise Value is :

Enterprise Value (EV) = Market Capitalisation + Total Debt – Cash Balance

With the Enterprise Value as a measure, the companies can be compared easily irrespective of their capital structure. Moreover, Enterprise value is used to calculate the ratio of EV to EBIDTA multiple.

EBIDTA stands for Earnings before Interest, Depreciation, Tax and other appropriations. Hence, it can be calculated by adding back the figures of interest, depreciation and other appropriations to the amount of Profit Before Tax (PBT). It indicates that the value of enterprise is equal to number of times of the Company’s earnings. As the figures of Interest, depreciation and tax are added back, it makes the comparison between two enterprises easier by eliminating all the accounting and tax differences.

The above measure for GRUH for a period of five years is as follows : –

(₹ in crores)

*During FY 2018-19 and FY 2014-15, Company has allotted bonus shares in the ratio of 1:1. Number of shares and share price per share of previous years are adjusted to give effect of Bonus shares. Market price on the stock exchange where maximum numbers of shares have been traded is considered.

During FY 18-19, GRUH adopted Ind AS where figures for FY 17-18 are restated under Ind AS. Figures up to FY 16-17 are as reported under Indian GAAP.

Web links:

As required under the various provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, the web link of some of the important documents placed on the website of the Company is provided below: