PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

13 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS DIVIDEND: Your Directors are pleased to recommend a dividend of ` 2 (20%) per equity share [Previous Year ` 1.50 (15%) per equity share] for the financial year ended March 31, 2021, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. Dividend will be paid to those shareholders whose names appear in the Register of Members on the Record date i.e. August 18, 2021. SUBSIDIARY COMPANIES: Your Company has two wholly owned subsidiaries namely Privi Biotechnologies Private Limited and Privi Organics USA Corporation. Further, as provided in Section 136 of the Act, the Balance Sheet, Statement of Profit and Loss and other documents of the subsidiary companies are not being attached with the Financial Statements of the Company. The Company will make available free of cost the Audited Financial Statements of the subsidiary companies and the related detailed information to any member of the Company who may be interested in obtaining the same. The Financial Statements of the subsidiary companies will also be kept open for inspection at the Registered Office of the Company and that of the respective subsidiary companies. The Consolidated Financial Statements presented by the Company includes financial results of its subsidiary companies. As provided in Section 129[3] of the Act and Rules made thereunder a statement containing the salient features of the financial statements of its subsidiaries in the format AOC 1 is attached to the financial statements as Annexure - 1 . TRANSFER TO RESERVES: The Board of Directors has decided to retain the entire amount of Profits for Financial year 2020-21 in the Retained Earning MATERIAL CHANGES AND COMMITMENTS: Your Directors wish to inform the Members about the material event being inter-se transfer of shares between the Promoter/ Promoter Group, which took place on April 29, 2021, April 30, 2021 and May 04, 2021 as follows: Name of the Promoter/Promoter Group Shareholding Pre-Transaction Shareholding Post-Transaction No. of Shares held % of Shareholding No. of Shares held % of Shareholding Mr. Mahesh P Babani 25,86,348 6.62 25,86,348 6.62 Mahesh Purshottam Babani - HUF 17,91,720 4.59 17,91,720 4.59 Mr. Doppalapudi Bhaktavatsala Rao 7,23,060 1.85 11,20,346 2.87 Mr. Vinaykumar Doppalapudi Rao 4,78,278 1.22 7,41,068 1.90 Mr. Vijaykumar Doppalapudi 4,55,004 1.16 7,05,006 1.80 Mr. Rajkumar Doppalapudi 4,45,824 1.14 6,90,782 1.77 Ms. Jyoti Mahesh Babani 3,90,000 1.00 3,90,000 1.00 Mrs. Seema Mahesh Babani 3,90,000 1.00 3,90,000 1.00 Ms. Snehal Mahesh Babani 3,90,000 1.00 3,90,000 1.00 Mrs. Prasanna Raj 1,85,274 0.47 2,87,074 0.73 Mrs. Premaleela Doppalapudi 1,77,174 0.45 2,74,522 0.70 Mrs. Sharon Doppalapudi 1,58,544 0.41 2,45,656 0.63 Mrs. Grace Vinaykumar Doppalapudi 1,49,850 0.38 2,32,185 0.59 Mr. Rameshbabu Gokarneswararao Guduru 60,309 0.15 93,446 0.24 Mr. Utkarsh Bhikhoobhai Shah 25,000 0.06 – – Nahoosh Tradelink Llp 6,63,019 1.70 – – Jariwala Tradelink Llp 3,36,981 0.86 – –