PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

14 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) Name of the Promoter/Promoter Group Shareholding Pre-Transaction Shareholding Post-Transaction No. of Shares held % of Shareholding No. of Shares held % of Shareholding Moneymart Securities Pvt Ltd 2,06,712 0.53 34,12,502 8.74 Vivira Investment And Trading Pvt Ltd 1,89,918 0.49 1,54,95,188 39.67 Vivira Chemicals Private Limited 79,758 0.20 79,758 0.20 FIH Mauritius Investments Ltd 1,90,42,828 48.75 – – FIH Private Investments Ltd 3,250 0.01 3,250 0.01 Total Promoter/Promoter Group Holding 2,89,28,851 74.06 2,89,28,851 74.06 The aggregate holding of Promoter / Promoter Group before and after the above inter-se transactions remains the same. CAPITAL STRUCTURE: During the year, there was no change in the Capital structure i.e. Authorised, Issued and Paid-up Equity Share Capital of the Company. The Company is having only one class of shares. IMPACT OF COVID-19 PANDEMIC: The Company continues to strictly follow the COVID Safety protocol across locations. The Company, however, remains cautious considering the fact that Covid-19 cases continue to rise, and partial lockdown is continuing in Maharashtra State which is commercially quite important. The business of the Company was not affected for the year ended March 31, 2021 and the impact is insignificant. The Company will continue to closely monitor any material changes to future economic conditions that may impact the Business Operations. MEETINGS OF THE BOARD: During the Financial Year 2020-21, 6 (Six) meetings of the Board of Directors took place. For further details, please refer to the Corporate Governance Report annexed hereto. PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS: Particulars of loans, guarantees and investments made by the Company as required under Section 186 (4) of the Act are contained in Note No. 5 and 6 to the Standalone Financial Statements. CORPORATE GOVERNANCE/MANAGEMENT DISCUSSION AND ANALYSIS REPORT: A Report on the Corporate Governance along with a certificate from a Practicing Company Secretary regarding the compliance of conditions of Corporate Governance as stipulated in Regulation 34 of Listing Regulations, 2015 as also the Management Discussion and Analysis Report are annexed to this Report. BUSINESS RESPONSIBILITY REPORT: Pursuant to Regulation 34(2)(f) of Listing Regulations, 2015, the Business Responsibility Report initiatives taken from an Environmental, Social and Governance Perspective in the prescribed format is available as a Separate Section of this Report. DEPOSITS FROM PUBLIC: The Company has not accepted any Deposits from public and as such no amount on account of Principle or interest on Deposit from public was outstanding as on the date of the Balance Sheet. CREDIT RATING: CRISIL Ratings Limited carried out annual review of credit facilities availed by the Company vide its letter dated May 06, 2021, and have reaffirmed the rating as provided vide letter dated September 28, 2020 which is as under: 1. For Long-term Bank facilities: CRISIL A+ / Stable (Reaffirmed) 2. For Short term Bank facilities: CARE A1 / (Reaffirmed)