Shareholders Information

Company Registration Details:

The Company is registered in the State of West Bengal, India. The Corporate Identity Number (CIN) allotted to the Company by the Ministry of Corporate Affairs (MCA) is L01132WB1900PLC000292.

Annual General Meeting
Day	Friday
Date	25th August, 2023
Time	11.30 a.m.
Venue	AGM shall be held through Video Conferencing or Other Audio Visual Means in compliance with SEBI / MCA circulars without the physical presence of members at a common venue. The proceedings of the AGM shall be deemed to be conducted at the Registered office of the Company which shall be deemed venue of the AGM.

Financial Year
1st April to 31st March 2023

Tentative Financial Calendar
June 30, 2023	Second week of August, 2023
September 30, 2023	Second week of November, 2023
3December 31, 2023	Within May, 2024
March 31, 2024	Within May, 2023

Book Closure dates
Day	Date	To	Day	Date
Saturday	19th August, 2023		Friday	25th August, 2023

Listing of Equity Shares / Debentures on Stock Exchanges

ISIN No. for the Company’s Listed Securities:
	Equity Shares in Demat Form	INE574G01013
	NCDs in Demat Form	INE574G07010

Stock Market Performance

There were no transactions in the equity shares of the Company at The Calcutta Stock Exchange, hence there is no monthly high and low quotations and volume of shares traded on the Stock Exchange during the year. However, the month-wise high, low of the market price of the Company’s shares traded on BSE along with month-wise high, low of the BSE SENSEX are as under:

Months	Stock Price at BSE		BSE SENSEX
		High	Low	High	Low
	April, 2022	97.95	82.70	60845.10	56009.07
	May, 2022	94.00	75.10	57184.21	52632.48
	June, 2022	94.70	72.25	56432.65	50921.22
	July, 2022	87.00	67.30	57619.27	52094.25
August, 2022	83.90	70.20	60411.20	57367.47
September, 2022	91.60	73.70	60676.12	56147.23
October, 2022	96.00	79.05	60786.70	56683.40
November, 2022	98.90	77.60	63303.01	60425.47
December, 2022	83.50	76.05	63583.07	59754.10
January, 2023	95.95	73.10	61343.96	58699.20
February, 2023	82.50	73.85	61682.25	58795.97
March, 2023	79.00	68.00	60498.48	57084.91

Registrar And Share Transfer Agent

Share Transfer System

To enhance ease of dealing in securities markets by investors, SEBI has decided that listed companies shall henceforth issue the securities in dematerialized form only (vide Gazette Notification no. SEBI / LADNRO / GN /2022 / 66 dated January 24, 2022) while processing the service request mentioned in above notification (viz. Issue of duplicate securities certificates, Claim from Unclaimed Suspense Account, Transmission, Transposition, etc.). The transmission or transposition of shares are being processed by the Registrar and Share Transfer Agents, and approved by the Stakeholders Relationship Committee.

Shareholding Pattern by Size as on March 31, 2023
	CATEGORY	NO. OF SHARES HELD	% OF SHARE CAPITAL
A.	PROMOTER’S HOLDING
1	Promoters
a.	Indian Promoters	6204526	74.8941
	Sub Total	6204526	74.8941
B.	NON-PROMOTER’S HOLDING
2	Institutional Investors
a.	Banks, Financial Institutions, Insurance Companies	198018	2.3903
	Sub Total	198018	2.3903
3	OTHERS
a.	Bodies Corporate	117146	1.4141
b.	Indian Public	1616574	19.5135
c.	NRIs / OCBs	1668	0.0200
d.	HUF	49954	0.6030
e.	Foreign Nationals	14062	0.1697
f.	IEPF	82014	0.9900
g.	Clearing Member	200	0.0024
h.	Custodian of enemy property	240	0.0029
	Total	1881858	22.7156
	GRAND TOTAL	8284402	100.0000

Shareholding Pattern by Size as on March 31, 2022
No. of Equity Shares Held	No. of Shareholders	% of Shareholders	No. of Shares Held	% of Shareholding
Upto 500	2974	91.4233	222147	2.6815
501 to 1000	120	3.6888	87062	1.0509
1001 to 2000	63	1.9367	8917	1.0733
2001 to 3000	17	0.5226	43716	0.5277
3001 to 4000	14	0.4304	47900	0.5782
4001 to 5000	10	0.3074	44654	0.5390
5001 to 10000	24	0.7378	181744	2.1938
10001 and above	31	0.9530	7568262	91.3556
GRAND TOTAL	3253	100.0000	8284402	100.0000

Distribution of Shareholding as on March 31, 2023:

Category	No. of Shareholders	% of Shareholders	No. of Shares Held	% of Shareholders
Upto 500	2880	91.1104	222071	2.6806
501 to 1000	122	3.8595	91419	1.1035
1001 to 2000	62	1.9614	85600	1.0333
2001 to 3000	20	0.6327	51026	0.6159
3001 to 4000	14	0.4429	47454	0.5728
4001 to 5000	9	0.2847	41412	0.4999
5001 to 10000	22	0.6960	171281	2.0675
10001 and above	32	1.0123	7574139	91.4265
GRAND TOTAL	3161	100.0000	8284402	100.0000

Dematerialisation of Shares And Liquidity

The trading in Company’s shares on the Stock Exchange is permitted only in dematerialized form. In order to enable the shareholders to hold their share in electronic form and to facilitate scripless trading, the Company has entered into agreements with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) whereby shareholders have the option to dematerialize their shares with either of the Depositories.

As stipulated by SEBI, a practicing Company Secretary carries out the Reconciliation of Share Capital Audit on quarterly basis to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and the total issued and listed capital and the same is deposited with stock exchanges within the stipulated time period.

Status of Dematerialisation as on 31^st March, 2023 was as under:

Particulars	No. of Shares	% to Total Capital	No. of Accounts
National Securities Depository Limited	4962507	59.90	1425
Central Depository Services (India) Limited	3217290	38.84	1127
?Total Dematerialised	8179797	98.74	2552
Physical	104605	1.26	894
Grand Total	8284402	100.0000	3446

Issue of Non-Convertible Redeemable Preference Shares

The Board of Directors at their meeting held on November 11, 2022 and Members through Postal Ballot held on December 25, 2022 had approved fund raising for an issue size of up to ` 25 crores, through preferential issue on private placement basis to the Promoter/Promoter Group/Other Related Parties, in accordance with applicable law, including the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Further, the Issue & Allotment Committee of the Board of Directors in their meeting held on 3rd January, 2023 had approved the following terms of the issue:

a) Issue Price: Rs. 100/- per fully paid-up non-convertible redeemable preference share at par.

b) Terms and payment of issue price: The full amount of issue price being 100/- per non-convertible redeemable preference share payable on application.

c) Issue Opened on: Friday, January 27, 2023

d) Issue Closing Date: Friday, February 10, 2023

Further, the Issue & Allotment Committee at its meeting held on 2^nd February, 2023 approved the allotment of 24,00,000 non-convertible redeemable preference shares on private placement basis.

Post preferential issue, the paid-up share capital of the Company is 32,28,44,020 i.e. 82,84,402 equity shares of 10 each and 24,00,000 non-convertible redeemable preference shares of 100 each.

Issue of Non-Convertible Debentures

The Board of Directors at their meeting held on November 11, 2022 and Members through Postal Ballot held on December 25, 2022 had approved fund raising for an issue size of up to ` 50 crores, through issue of non-convertible debentures on private placement basis to the Promoter/Promoter Group/Other Related Parties, in accordance with applicable law, including the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Further, the Issue & Allotment Committee of the Board of Directors in their meeting held on 20th March, 2023 had approved the following terms of the issue:

a) Instrument: Rated, Listed, Senior, Secured, Redeemable, Non-Convertible Debentures (“Debentures”/” “NCDs”)

b) Issue Size and Price: Upto 2500 Non-Convertible Debentures of Rs.1,00,000/- each.

c) ISIN: INE574G07010

d) Issue Opened on: Tuesday, March 21, 2023

d) Issue Closing Date: Wednesday, March 22, 2023

Further, the Issue & Allotment Committee at its meeting held on 22^nd March, 2023 approved the allotment of 2300 non-convertible debentures on private placement basis.

Outstanding GDRs / ADRs / Warrants or any Convertible Instruments, Conversion date and likely impact on Equity:

The Company did not have any outstanding GDRs / ADRs / Warrants or Convertible Instruments as on 31^st March, 2023.

Locations

Tea / Coffee/ Rubber Estates and Factories are located at

Tea

Joonktollee Tea Estate P.O. Barbam - 786 624 Dist. Dibrugarh, Assam	Jamirah Tea Estate P.O. Dibrugarh - 786 001 Dist. Dibrugarh, Assam

Shree Ganga Tea Estate P.O. Barbam - 786 624 Dist. Dibrugarh, Assam	Nilmoni Tea Estate P.O. Tinkhong - 786 112 Rajgarh, Assam

Goomankhan Tea Estate Hirebile P.O.577 121 Dist. Chikmagalur, Karnataka	Pullikanam Tea Estate Vagamon Post P.O. Pullikanam - 685 503 Dist. Idukki, Kerala

Kolahalmedu Tea Estate Vagamon Post P.O. Pullikanam - 685 503 Dist. Idukki, Kerala	Azizbagh Tea Estate Rajgarh - 786611 Dist. Dibrugarh, Assam

Coffee

Cowcoody Estate Somwarpet - 571236 Dist. Coorg, Karnataka

Rubber

Chemoni Rubber Estate P.O. Palapilly - 680304 Dist. Trichur, Kerala	Pudukad Rubber Estate P.O. Palapilly - 680304 Dist. Trichur, Kerala	Echipara Rubber Estate P.O. Palapilly - 680304 Dist. Trichur, Kerala

Administrative Office

Cowcoody Chambers 234-A, Race Course Road Coimbatore - 641 018 Tamil Nadu

Address for Correspondence

Credit Ratings

CARE has re-affirmed the rating of BB+ / Stable for the bank facilities of the Company.

Credit Ratings obtained by the Company during the financial year 2022-23 are as follows:

Rating Agency	Size of Issue (million)	Instrument Type	Rating	Date of Rating	Rating Action
India Ratings & Research Pvt. Ltd.	INR 500	Non-Convertible Debentures	IND B+/Stable	5th January, 2023	Assigned

Debenture Trustee Details

Particulars	Debenture Trustee
Name of Organisation	Vardhman Trusteeship Pvt Ltd.
Name of Contact Person	Mr. Rushabh Desai
Designation / Department	Legal, Compliance & Operations
Address	The Capital, A Wing, 412A, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Tel No.	022 - 4264 - 8335
Email Address	corporate@vardhmantrustee.com
Website	vardhmantrustee.com

TRANSFER OF UNCLAIMED AMOUNTS / SHARES TO THE INVESTOR EDUCATION AND PROTECTION FUND (IEPF):

In accordance with the provisions of Sections 124, 125 of the Act, read with the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as “IEPF Rules”) the amount of dividend or any other amount remaining unclaimed or unpaid for a period of seven years is required to be transferred to the IEPF. Further, all the shares in respect of which dividend remained unclaimed or unpaid for seven consecutive years or more, shall also be transferred to the Demat Account of the IEPF Authority.

In pursuance of the above, the dividend remaining unclaimed or unpaid in respect of dividends declared for FY 2014-15, had been transferred to the IEPF during FY 2022-23. Consequently, shares in respect of which dividend(s) remained unclaimed or unpaid from FY 2014-15 till FY 2021-22 were also transferred to IEPF. The details of the unclaimed dividends and shares so transferred are available on the Company’s website svpl.in

In the interest of the shareholders, the Company sends periodical reminders to the shareholders to claim their dividends to avoid the transfer of dividends/shares to the IEPF Authority. Notices in this regard are also published in the newspapers and the details of unclaimed dividends and shareholders whose shares are liable to be transferred to the IEPF Authority, are uploaded on the Company’s website unpaid dividend

It may be noted that the unclaimed dividend for FY 2015-16 declared on August 30, 2016, along with underlying shares, are due to be transferred to the IEPF by August, 2023. Members who have not encashed the dividend warrant(s) from FY 2015-16, onwards may forward their claims to the Company’s Registrar and Transfer Agents before August 25, 2023, to avoid any transfer of dividend or shares to the IEPF Authority.

The shares and unclaimed dividends transferred to the IEPF can however be claimed back by the concerned shareholders from IEPF Authority after complying with the procedure prescribed under the IEPF Rules. The Member / Claimant is required to make an online application to the IEPF Authority in e-Form No. IEPF -5 (available on www.iepf.gov.in) and submit the required documents to the Company.

Mr. Sharad Bagree, Company Secretary is the Nodal Officer for IEPF related matters.

During the year under review there are no shares in the demat suspense account or unclaimed suspense account of the Company.

Corporate Governance Compliance Certificate:

Certificate from Ms. Sweety Kapoor, a practicing Company Secretary, confirming compliance with the relevant provisions of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as referred in Regulation 15(2) of the Listing Regulations for the financial year ended 31st March, 2023 is attached to the Corporate Governance Report forming part of the Directors’ Report.