NAVA BHARAT VENTURES LIMITED...Chambers, Raj Bhavan Road, Hyderabad-500082 (TG) was incorporated on...

NAVA BHARAT VENTURES LIMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD- 500 082, TELANGANA, INDIA

ANN - F To, Manager- Listing Compliance National Stock Exchange of India Limited 'Exchange Plaza'. C-1, Block G Bandra Kurla Complex, Sandra (E), Mumbai- 400 051

Dear Sir,

Sub: Application under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the proposed scheme of Reduction of Capital.

In connection with the above application, we hereby confirm that:

1. The proposed scheme of reduction of capital to be presented to Tribunal does not in any way violate or override or circumscribe the provisions of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, Securities Contracts (Regulation) Rules, 1957, RBI Act, the Depositories Act, 2018, the Companies Act, 1956 I Companies Act, 2013, the rules, Regulations and guidelines made under these Acts, the provisions as explained in Regulation 11 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 and the requirements of SEBI circulars and Stock Exchanges.

2. The draft scheme of reduction of capital together with all documents mentioned in SEBI circular has been disseminated on company's website as per the link given hereunder:

http://nbventures. com/reduction of sharecapital. htm

3. The company shall disclose the observation letter of the stock exchange on its website within 24 hours of receiving the same.

4. The company shall obtain shareholders' approval by way of special resolution passed through postal ballot including e-voting as mentioned in clause_, page no._ of the draft scheme (if applicable): Not applicable.

Further, the company shall proceed with the draft scheme only if the votes cast by the public shareholders in favor of the proposal is more than the number of votes cast by public shareholders against it. - Not applicable.

5. In case of Unlisted company/ies being involved in the Scheme of Arrangement: Not applicable.

a. The Company shall include the applicable information pertaining to the unlisted entity/ies involved in the scheme in the format specified for abridged prospectus, certified by a SEBI Registered Merchant Banker, as provided in Part E of Schedule VI of SEBI (ICDR) Regulations, 2018 in the explanatory statement or notice or proposal accompanying resolution to be passed sent to the shareholders while seeking approval of the scheme and the same shall be submitted to Stock Exchanges.

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 01 TG1972PLC001549

NAVA BHARAT VENTURES LIMITED Continuation Sheet

b. The percentage of shareholding of pre-scheme public shareholders of the listed entity and the Qualified Institutional Buyers (QIBs) of the unlisted entity, in the post scheme shareholding pattern of the "merged" company on a fully diluted basis shall not be less than 25%.

6. The documents filed by the Company with the Exchange are same/ similar/ identical in all respect, which have been filled by the Company with Registrar of Companies/SEBI/Reserve Bank of India, wherever applicable.

7. There will be no alteration in the Share Capital of the unlisted transferor company from the one given in the draft scheme of amalgamation/ arrangement. Not applicable.

8. The draft scheme is in compliance with all applicable SEBI circulars as amended from time totime and SEBI (LODR) Regulations, 2015.

Date: August 22, 2019 Place: Hyderabad

for Nava Bharat Ventures Limited


To, Manager - Listing Compliance National Stock Exchange of India Limited 'Exchange Plaza'. C-1, Block G Sandra Kurla Complex, Sandra (E), Mumbai - 400 051

Date: 22.08.2019

Sub: Requirements for in principle approval to Scheme of Reduction of Capital of Nava Bharat Ventures Limited under Section 66 of the Companies Act, 2013.

Dear Sir/Madam,

With reference to your letter dated 19.08.2019 on the captioned subject seeking clarifications, we hereby submit our detailed replies to point numbers 2,6,7,8 and 9 as under:

For point nos.2 and 7:

The Board of Directors of the Company approved the draft Scheme of reduction of capital and a copy of the Board resolution is enclosed herewith.

The Audit Committee and the Board has to consider the draft Scheme of reduction of capital and valuation report of the Registered Valuer as per the SEBI Circular CFD/DIL3/CIR/2017/21 dated March, 10 2017, however Audit Committee and the Board also considered the draft documents i.e, fairness opinion and auditor certificate along with other documents, as a matter of record and we confirm that the said drafts are full, final and complete in all respects.

For point no.6:

Merchant Banker has considered two approaches (i) Net Asset Value method and (ii) Average Buyback price considered during the Buyback period. In addition to the NAV method considered by the Registered Valuer, KARVY has also considered Average Buyback price for arriving at the fair value.

For point no.8:

The format referred is applicable only in the case of merger to determine the exchange ratio. Since, the purpose of the valuation is in respect of reduction of share capital of Nava Bharat Ventures Limited the same is not applicable.

The valuation exercise is carried out to determine the valuation of equity shares of Nava Bharat Ventures Limited only. The valuation is carried out under appropriate methods determined under cost approach, Income Approach and Market Approach. Valuation summary of these methods along with relative weights and fair value workings are presented at page No.9 of the Valuation Report enclosed. ~~'"

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No.: L271 01TG1972PLC001549


For point no.9:

Nava Bharat Ventures Limited approved the Buyback of shares on May 29, 2019. The Buyback was commenced on June 10, 2019 and closed on August 08, 2019. Company bought back 23,58,462 shares. Company has already applied to NSE for updating the post buy-back paid-up capital of 17,62,17,020 shares in the data base maintained by NSE, which is under consideration by your good office.

The details of number of shares pre and post buy-back are provided hereunder:

Particulars No of shares of Rs. 2 each

Pre buy back Post buy back Authorized share capital 25,00,00,000 25,00,00,000

Issued and subscribed share capital 17,88,26,957 17,64,68,495

Less: Forfeited shares 2,51,475 2,51,475

Paid-up share capital 17,85,75,482 17,62,17,020

Notes:

1. As on the date of approval of the Scheme of reduction of capital the paid-up shares of the Company was 17,62,17,020 shares i.e., post buy-back of shares.

2. The forfeiture of shares belonged to the year 2002 and was due to non-receipt of call money.

Please take note of the above and do the needful.

Thanking you

Yours faithfully

V. GANGADHARA RAO .N B.COM, FCA

Registered Valuer (Securities or Financial Assets)

Valuation Report on Fair Value of shares

Of

M/s Nava Bharat Ventures Limited.

1

Reg. Office: Flat No: 1 03, Swam a Arcade, Road No: 18, Panchavati Colony, Near Mana Studio, Manikonda, Hyderabad - 500089.

Corp Office: Flat No. 101, Nestcon Gayatri, Plot No. 28, Near South Indian Bank, Panchavati Co-Operative Society, Road No. 10, Banjara Hills. Hyderabad, Telangana- 500 034, Ph: 040- 23319833, E-mail: [email protected]



Contents

Continuation Sheet ...

Valuation SUinmary .................................. ............................................... .... ............................................ 3

Brief about M/s ava Bharat Ventures Limited ..................................................................................... .4

Board of Directors and KMPs ofthe Company as on Valuation Date .................................................... 5

Valuation Mcthodology ........................................................ .. ... ....... ....................................................... 6

Fair Value per Share ................ ................................................................................................................ 9

Appendix A-Statement of Assumptions and Limiting Conditions .. .. .................................................... tO

Valuation of equity share of ava Bharat Ventures Limited Under Market Price Method .... .............. 14

Valuation of equity share of ava Bharat Ventures Limited Under Earning Capacity Method .. ......... 16

Valuation of equity share of ava Bharat Ventures Limited Under et Asset Value Method ............. 20

2



Continuation Sheet .. .

Valuation Date

Subject of valuation

Purpose of Valuation

Valuation Method

Valuation Conclusion

Appendix-A

Valuation Summary

07/08/2019

To Determine Value Per Share of M/s Nava Bharat Ventures

Limited

Reduction of share capital

Weighted Average of Market Value , Profit Earning Capacity

Value and Book value

Fa ir value per Share ofM/s ava Bharat Ventures Limited is

Rs.l 39.55/-

Statement of Assumptions and Limiting Conditions

Preamble

I, Mr. V GA GAOl-lARA RAO , Registered Va luer (securities or Financial Assets) have

been appointed by Mls ava Bharat Ventures Limited to determine the fair va lue of Equity

Shares of the company for proposed reduction of share capital in compliance with the

applicable provi ions o fCompanies Act 2013.

3



Brief about M/s Nava Bharat Ventures Limited


M/s Nava Bharat Ventures Limited having its Registered Office at 6-3-1109/1 , Nava Bharat

Chambers, Raj Bhavan Road, Hyderabad- 500082 (TG) was incorporated on 07/ 11 / 1972.

The CIN of ava Bharat Ventures Limited is L271 OITG 1972PLCOOI549.The Company is

engaged in the business of Power generation, Operation & Maintenance Services for power

plants, Ferro alloys, Mining, Agribusiness and Healthcare.

As on Valuation date,the Authorized Share Capital of the company is Rs. 50,00,00.000

comprising of 2500,00,000 equity shares of Rs. 2/- each and the Issued, Subscribed Share

Capital is Rs.35,29,36.990 comprising of 17,64,68,495 Equity Shares of Rs. 2/- each& Paid

up Share Capital is Rs. 35,24,34,040comprising of 17,62, 17,020 fully paid up Equity Shares

of Rs. 2/- each(after forfeiture of 2,51,475 equity shares).The Equity Shares of M/s Nava

Bharat Ventures Limited are listed on Bombay Stock Exchange Limited (BSE) and National

Stock Exchange Limited ( SE).

NSE: Symbol: BVENTURES lSI : INE725A01022

BSE: NBVE TURES* 1513023 1 INE725A01022

4




Board of Directors and KMPs of the Company as on Valuation Date

Name

Ashok Devineni

PinnamancniTrivikrama Prasad

AshwinDevineni

Ramakrishna Prasad Gorthi

Ycnudurga Prasad Chalasani

NagcswararaoDukkipati

Durga Prasad Kodc

GururajPandurangKundargi

Indra Kumar Alluri

HariBabuThokala

SatyanarayanaRaju Yegcsina

Category

Director& Chairman

Managing Director

Director& CEO

Executive Director

Director

Director

Director

Director

Director

CFO

Company Secretary

5



Valuation Methodology


There are several commonly used and accepted methods for determining the fair value of the

shares of a company which arc mentioned hereunder:

• et Asset Value Method

• Dividend Yield Method

• Market Value Method

• Profit Earning Capacity Value Method

• Discounted Cash Flow Method

J\s per the principles of valuation considered by the Hon ' ble Supreme Court in its decision in

the case of Hindustan Lever Employee Union v/s Hindustan Lever Limited, 1995 (83 Com

Case 30), for amalgamation of companies, the Hon'ble Court upheld the valuation

methodology adopted by the Valuers using a combination of Book Value (Net Asset Value),

Yield (Earning Capacity Method) and Market Price Method.

The assessment of value necessarily involves se lecting the method or approach that is

suitable for the purpose and based on the specific c ircumstances of the case, a particular

methodology or a combination of methodologies may be adopted. TheCompany under

val uation i.e. '· ava Bharat Ventures Limited" is listed company with its equ ity shares are

listed on BSE& 1 SE. The highest trad ing volume in respect of the equity shares of ''Nava

Bharat Ventures Lim ited"has been recorded on ational Stock Exchange during26 weeks

preceding the relevant date.

6




We have considered the merits and demerits of the methods referred to above to determine

the most appropriate methods suitable for the valuation of Shares in the present circumstance,

viz.

• Market Price Method: The market price method is generally one of preferred method

of valuations in case of Equity shares of companies listed on Stock Exchanges as that

the market value is reflection of earnings, growth rate of the company which are

primary factors of valuation as per fundamental analysis theory.

We have considered tova luc the equ ity shares of" ava Bharat Ventures Limited" under

market price method. The val ue of the share under this method is determined on the

basis of the higher of:

(A) The average of the weekly high and low of the volume weighted average price of the

equity shares quoted on the recognised stock exchange during the twenty s ix weeks

preceding the relevant date.

(B) The average of the weekly high and low of the volume weighted average pricesof the

equity shares quoted on a recognised stock exchange during the two weeks preceding

the relevant date.

The value of equity share of ava Bharat Ventures Limited under Market Price

Method is Rs.99.36

The workings of market price method given in Annexure- I

7




• Earning Capacity Value (ECV) Method: Under this method, the Consolidated

Profit Before Tax for the preceding three Years i.e. starting from 0 I st July 2016 to 301h

June 2019 is adjusted for certain items including prior period items , non operating

income and expenditures, non recurring and extra ordinary items and the latest tax rate

in order to norma lize the earnings and to arrive Average Future Maintainable Profits.

T he Average Future Maintainable Profits, so arrived is then multiplied by PE ratio to

arrive the value of operating assets of the company. The non operating assets value is

added to the value of operating assets to arrive at the value of the total assets. The

estimated liability on account of contingent liabilities and non controlling interest is

then deducted from the value of the total assets to ascertain the tota l value of the

equity.The per share value is calculated by dividing the equ ity value with total

number of shares o utstanding as on the date of valuation.

The value of equity share of ava Bharat Ventures Limited under Earning Capacity

Method is Rs.l51.23

The workings of Earning Capacity Value Method is given in Annexure-2

• Net Asset Value (NA V) Method: Valuation of the Equity Shares of a concern under

this method is arrived at by determin ing et Worth of the business undertaking on the

basis of the Financial tatements duly adjusted for goodwi ll on consolidation ,

miscellaneous expenditure not written off ,other fictitious assets, if any and estimated

liabil ities on account of continge nt liabilities.

The value of eq ui ty share of ava Bharat Ventures Limited under Net Asset Value

Method is Rs.l96 .55

The workings of et Asset Value Method is given in Annexure-3

8




Fair Value per Share

For the purpose of determining the Fair Value per Equity Share of M/s Nava Bharat Ventures

Limited, we have cons idered the weighted average of value per share obtained under Market

Price Method. Earning Capacity value and let Asset Value (NA V) Method. The same is

presented hereunder.

Approach Method Value Per Share (In

Weight Product Rs.)

Market Market Value Per Share 99.3 6 0.4 39.74

Approach

Income Earning Capacity Value Per 151.23 0.4 60.49

Approach Share

Cost Approach Net Asset Value Per Share 196.55 0 .2 39.3 1

Fair Value Per hare ( In 139.55

Rs.

As per the above table, in our opinion for the purpose of proposed reduction of share capital,

the fair value of Rs.139.55/-pcr each of equity share of Mls Nava Bha rat Ventu res

Limitcd is considered to be appropriate.

Place: Hydcrabad

Date: 08-08-20 19

9

Y-((J~ -N V GA*bADHARA RA

IBBI/RV/06/2019/10709




Appendix A-Statement of Assumptions and Limiting Conditions

The primary assumptions and limiting conditions pertaining to the value estimate

conclusion(s) stated in the detailed Valuation report are summarized below. Other

assumptions are cited e lsewhere in the report.

I) The conclusion of value arrived at herein is valid only for the stated purpose as of the

date ofthe valuation 07.08.2019

2) Our compensation for completing this assignment is fee-based and is not contingent

upon the development or reporting of a predetermined or direction in that favours the

cause of the client, the outcome of the valuation, the amount of the opinion, the

atta inment of a stipulated result, or the occurrence of a subsequent event directly related

to the intended use ofthis appraisal.

3) We have performed a valuation engagement and present our detailed report in

conformity with the "Indian Valuation Standards" (IVS) issued by the Institute of

Chartered Accountants of India OCAI) . IVS sets out that the objective of a valuation

engagement i .. to express an unambiguous opinion as to the of a business, business

ownership interest. security or intangible asset which opinion is supported by all

procedures that the appraiser deems to be relevant to the valuation." Also according to

the Standard in a valuation engagement the valuer can apply valuation approaches or

methods deemed in the analyst's professional judgment to be appropriate under the

c ircumstances. In a valuation engagement the conclusion is expressed as either a s ing le

amount or a range.

4) We have not made an appraisal or independent valuation of any of the assets or

liabili ties of the Company and have not conducted an audit or due diligence.

10




5) Financial statements and other related information provided by Mls Nava Bharat

Ventures Lim itedor their representatives, in the course of this engagement, have been

accepted without any verification as fully and correctly reflecting the enterprise's

business conditions and operating results for the respective periods, except as

specifically noted herein. We have not audited, reviewed, or compiled the financial

in formation provided to us and accordingly, we express no audit opinion or any other

form of assurance on this information.

6) Public information and industry and statistical information have been obtained from

sources we believe to be reliable. However. we make no representation as to the

accuracy or completeness of such information and have performed no procedures to

corroborate the information.

7) The valuation report and the conclusion of value arrived at therein arc for the exclusive

use of our client for the sole and specific purposes as noted therein. They may not be

used for any other purpose or by any other party for any purpose. Furthermore the

valuation report and conclusion of value are not intended by the author and should not

be construed by the reader to be investment advice in any manner what so ever. The

conclusion of value represents the considered opinion of us based on information

furnished to us by ava Bharat Ventures Limited.

8) Future services regarding the subject matter of this report, including but not limited to

testimony or attendance in court. shall not be required of V Gangadhara Rao N.,

Chartered Accountants unless previous arrangements have been made in writing.

9) We have conducted interviews with the current managements of M/s Nava Bharat

Ventures Limitedconceming the past, present. and prospective operating results of the

company in the process of validation of information and assumptions made in respect of

the financial information provided to us.

11




I 0) Except as noted, we have relied on the representations of the owners, management and

other third parties concerning the value and useful condition of all equipment, real

estate, investments used in the bus iness, and any other assets including intangibles or

liabilities, except as specifically stated to the contrary in this report. We have not

attempted to confi rm whether all assets of the bus iness are free and clear of liens and

encumbrances or that the entity has good title to all assets.

II ) T he approaches and methodologies used in our work did not comprise an examination

it1 accordance with general ly accepted accounting princ iples, the objective of which is

an expression of an opinion regarding the fair presentation of financial statements or

other financial information, whether historical or prospective, presented in accordance

with generally accepted accounting principles. We express no opinion and accept no

responsibility for the accuracy and completeness of the financial information or other

data provided to us by others. We assume that the financia l and other information

provided to us is accurate and complete, and we have relied on this information in

performing our valuation.

12) The valuation may not be used in conjunction with any other consideration or study.

The value conclusions stated in the valuation report are based on the program of

utilization described in the report and may not be separated into parts. The report was

prepared sole ly for the purpose, function, and party so identified in the report.

12




13) Unless otherwise stated in the report, the valuation of the business has not considered or

incorporated the potential economic gain or loss resulting from contingent assets,

liabilities, or events existing as of the valuation date.

14) During the course of the valuation, we have considered information provided by

company's managements and other parties. We believe these sources to be reliable, but

no further responsibility is assumed for their accuracy.

15) We have no responsibility or obligation to update this report for events or circumstances

occurring subsequent to the date of this report.

16) Our valuation judgment, shown herein, pertains only to the subject business the stated

value Approach (fairvalue), at the stated valuation date, and only for the stated

valuation purpose.

17) Our report will not be used for financing or included in a private placement or may not

be relied upon by any third parties.

18) The report assumes all required licenses, certificates of occupancy, consents, or

legislative or administrative authority from any local, state. or national government or

private entity or organization have been or can be obtained or reviewed for any use on

which the opinion contained in the report is based.

19) I (We) have no financial interest or contemplated financ ial interest in the companies

that are the subject of this report.

Place: 1-lyderabad

Date: 08-08-20 19

13

I)· q. clhw ·;\{. V GA~ADHARA RAO N

REGISTERED VALUER

IBBI/RV/06/2019/10709



Annexure - I


Valuation of equity share of Nava Bharat Ventures limited Under Market Price Method

A)

UIUUI_.

Volume Weighted Weighted Avg Price Avg Price Low

Weeks From To High (WAP) (WAP) Average

Week 26 07-Feb-19 13-Feb-19 110.31 99.70 105.01

Week 25 14-Feb-19 20-Feb-19 103.08 96.64 99.86

Week 24 21 -Feb-19 27-Feb-19 103.17 101.57 102.37

Week 23 28-Feb-19 06-Mar-19 110.31 101.86 106.09

Week 22 07-Mar-19 13-Mar-19 110.24 104.94 107.59

Week 21 14-Mar-19 20-Mar- 19 105.33 103.52 104.43

Week 20 21-Mar-19 27-Mar-19 103.82 102.08 102.95

Week 19 28-Mar-19 03-Apr-19 107.94 I 02.49 105.22

Week 18 04-Apr-19 10-Apr-19 104.28 102.63 103.46

Week 17 11-Apr-19 17-Apr-19 108.44 102.44 105.44

Week 16 18-Apr-19 24-Apr- 19 106.42 103.67 105.05

Week 15 25-Apr-19 01-May-19 104.27 101.70 102.99

Week 14 02-May-19 08-May- 19 101.69 94.78 98.24

Week 13 09-May-19 15-May-19 90.81 88.54 89.68

Week 12 16-May-19 22-May-19 102.50 90.97 96.74

Week 11 23-May-19 29-May-19 108.69 103.78 106.24

Week 10 30-May-19 05-Jun-19 97.98 92.62 95.30

Week 9 06-Jun-19 12-Jun-19 96.99 92.15 94.57

WeekS 13-Jun-19 19-Jun-19 97.24 95.24 96.24

Week 7 20-Jun-19 26-Jun-19 96.28 95.13 95.71

Week6 27-Jun-19 03 Jul-19 95.99 94.21 95.10

WeekS 04-Jul-19 10-Ju1-19 97.70 93.52 95.61

Week4 11-Jul-19 17-Jul-19 96.27 90.61 93.44

Week3 18-Jul-19 24-Jul-19 95.07 91.33 93.20

Week2 25-Jul-19 31-Jul-19 93.32 89.34 91.33

Week 1 01-Aug-19 07-Aug-19 94.31 88.64 91.48 Average Price 99.36



B)

Weeks From

l To

I 25-Jul- 19 31-Jul-19

2 01 -Aug-19 07-Aug-19 Average Price

Volume Weighted Avg Price

High (WAP)

93.32

94.3 1

A] Average of26 weeks High Low of the VWAP

B] Average of2 weeks High Low of the VWAP

Applicable Minimum Price [Higher of A orB]

15


Volume Weighted

Avg Price Low

(WAP) Average

89.34 91.33

88.64 91.48

91.41

99.36

91.41

99.36




Annexure-2

Valuation of equity share of Nava Bharat Ventures limited Under Earning Capacity Method

Valuation of Equity Shares of Nava Bharat Ventures Limited based on Profit Earning Capacity Value (PECV) method

Particulars (Amount in Rs

in Lakhs)

Average Adjusted profit before Tax and CSR ( Note-1) 43,882.83

Profit Before Tax 43,882.83

Less: CS R Expendi ture (a} 2% 877.66

Less: Tax (a} 34.944% 15,334.42

Average Future Maintainable PAT attributable to equity share holders 27,670.76

PE ratio ( Note-2) 10.94

Value of operating assets under PECV method (Yield Method) 302,685.96

Add: Non Operating Assets

a) Quoted Investments 838.85

b) Unquoted Investments 12, 145.39

c) Investment Property (At book Value) 2,288.97

Less:

b) Contingent liability (Probabili ty (a} 40% as on 31.03.201 9) 4,747.39

d) Minority Interest (Considered as per books of accounts) 46,719.81

Total Value attributable to Equity Shareholders 266,491.97 No of Shares 1,762.17

Value per share 151.23

16


Registered Valuer (SENMSties or Financial Assets)

Particualrs

PBT(as per books)

Add/(Less) Adjustments I .Non-Recurring ltems&Non-Operating Items

Add:

a) Loss on sale of assets

b) Dimunution in value of Inventory

c) Investments written off

d) Provis ion for other financial assets

e) Fair value loss on investments t) Interest on expenditure towards site restoration

g) Prior period adjustments

h) Depreciation on lnv Property

i) CSR Expenditure

Less: a) Changes in fair value of Investments

b) Gain on sale of investments

c) Dividend Income

d) Other on operating Income

e) Fair Value of Derivatives not designated as hedges

Adjusted PBT

Adjusted Prolitbefore tax for last 3 years from 01 -07-2016 to 30-06-2019

Average Adjusted Profit

Adjusted PBT ( Rs.in Lakhs)

1st Apr 1st Apr 2019- 30st 2018- 31st June 2019 Mar 2019

16,612.13 77,684.76

- -

--

- 613.58

- -

1.39 -

-

-

- -

- -

1.07 4.28

122.34 1,163.28

-

94.46 87 1.37

8.28 394.96

49.18 180.79

153.26 I ,31 1.97

- -

16,431 .75 76,706.81

17


1st Apr l st July 2017- 31st 2016- 31st Mar 2018 Mar 2017

38,76 1.6 1 2,187.62

-

0.14 -

18.41 -

- 27.00

- 186.71

- 653 .77

- 56.65

- 410.15

5.70 4.27

890.3 1 810.01

I ,076.40 -

302.03 383.68

182.00 1,015 .90

344.58 524.48

1,673.35 -

36,097.81 2,412.12

131 648.49

43 882.83

V. GANGADHA~A ~AD .N B.COM, FCA

Registered Valuer (S~M~l~es or Financial Assets)

Weighted Average PE

Industry PE Ratio ( A )

Power Generation 11 .25 Ferro Alloys 5.49 Mining 11.68

Sugar 9.34

Unallocated* 12.01

Weighted Average PE


Weights (as per segment reporting 31st ( A*B ) March 2019 %) ( B )

81.74 919.36 6.18 33.98 9.27 108.28

0.52 4.89 2.28 27.38

100.00 1,093.88 10.94

*PE ofNava Bharat Ventures Limited as on 31st March 2019 considered for calculation of weighted average

PE.

s Power Generation I Share Price I

N Shares as on as on Market Cap as on Profit as on I PE as on 31st

31st March 31st March 31st March March I J Particulars 2019 2019 31st March 2019 2019 I 2019 I "lava Bharat I

I I ventures Limited 178.575.482 I I 1.75 19.955.810.11 4 16619ooooo I

2 }.;TPC 9.894.557.280 137.49 1.360.402.680.427 117,498.900.000 I 3 GIPCL t5t.25t.l88 I 11.21 10.779.672,169 I ,628.400.000

4 Torrent Power 480.616.784 I 254.9o 122.509.218.242 8,892,400,000

5 CESC 132.549. 111 73 1.02 96.896.051.1 23 9,370,000.000

h N l r lnrli~ 1, 1ll.(,.('lt: U\0 /.() 1 i f ~S, O?~,O.S.:'I e 1 16 1 z ,uo?, 7 00,vvv

WtdAvg PE (Power Sector) 1 '706,415,487 ,221 15 1 '721,300,000 11.25

~ Ferro Alloys Share Price ! Market Cap

Shares as on as on as on Profit as on PEas on 31st

3 1st March 31st March 31st March 31st March March Particulars 2019 2019 2019 2019 2019

I Ferro Alloys Cor 185.268.24 I 4.25 787,390,024 280,600,000 I

2 Maithan Alloys 29.111,550 505.14 14,705,408,367 2,552,600,000

3 Sarthak Metals 13,689,750 28.5 390, 157.875 57,600,000 WtdAvg PE( Ferro Alloys) 15,882,956 266 2 890 800,000 5.49

18

v. GANGADHARA RAO .N B.COM, FCA


- - - .- -s Mining

Share Price N Shares as on as on

31st March 31st March Particulars 2019 2019

I 20 Microns 35,286.502 38.17 Asi

2 Industries I 82.854.663 I4.55

-

+- Market Cap as on

31st March 2019

1 .346,885. 781

I ,205,535,347 ---I

3 Coal India 6. 162.728,327 235.69 1.452.493.439,39 1

4 GM D C 318,000.000 81 .66 25.967,880,000

5 MOIL 257.608.888 I59.35 41.049.976.303

6 NMDC 3,061,849.659 104.32 3I9.412, 156,427 WtdAvg PE (Mi ning) 1,841,475,873,248

s Sugar Share Price Market Cap as

N Shares as on as on on 31 st March 31st March 31st March

Particulars 2019 2019 2019

I Avadh Sugar I0.009.2 IO 479.87 4.803, 11 9,603 BalrampurChin

2 i 228,438,327 136.44 3 1.1 68.125.336

3 Dalmia Bharat 80,939.303 122.74 9.934,490,050 DCM

4 Shriram lnds 17.398.437 180.00 3.1 3 I, 71 8 660 Dhampur

5 Sugar 66,385.586 233.39 15,493.73I,9 17

6 EID Parry 176.924,581 205.75 36,402.232,541 PonniSug.Erod

7 c 8,598,4 18 135.66 1,166,461,386 WtdAvg PE (Sul!.ar) I 02,099,879,492

19


Profit as on PEas on 31st

March 31st March 2019 2019

2 17, I 00.000

190,900,000

I 04,696,700,000

1.387.900,000

4, 73 8. 900,000

46.42 Ll 00,000

157 652 600 000 11.68

Profit as on PE as on 31st March 31st March

2019 2019

I, 198,700,000 4.01

2.858,200,000 I0.90

I ,873,800.000 5.30

735,700,000 4.26

2,549,600,000 6.08

I ,63 1,300,000 22.31

84.300,000 13.84

10,931,600,000 9.34




Valuation of equity share of Nava Bharat Ventures limited UnderNET ASSET VALUE METHOD

lnnexure - ~

Fixed Assets

Tangible Assets

Investment Property

Intangible assets other than Goodwill ( Note- I )

Capital Work-in-Progress

D<.:ferrcd tax a~~ets(net)

lon Current Investments

Long term loans & advances

Other financial assets

Other on Current Assets

Total (A)

C urrent Assets

ln•entories

I rade Receivables

Current Investments

Cash & Cash Equivalents

Other financial assets

hort term loan & advances

Current ta>. assets(Net)

Other current assets

Total (B)

Total Assets C = (A+B)

Less: Current Liabilities

hort Term Borrowings

I radc payable!>

Other finaneialliabilitics

hort term provisions

Other Current Liabilities

Current tax liabilities (net)

20

573.845.38

2,288.97

603.28

755.78

11.659.72

1,113.23

1,579.32

3,170.96

39. 142.21

174,341.08

11.873.75

24,373.42

1,054.54

21.10

507.35

9.442.49

14,585.48

10,051.72

86,209.57

1,571.71

9,751.21

1.400.74

595,016.64

260,755.94

855,772.58

V. GANGADHARA RAO .N B COM FCA

Continuation Sheet ... ' Registered Valuer

(S E curities or Financial Assets)

Total (D) 123,570.41

Less: Non-Current Liabilities

Long term borrowings 30 1,818.78

Other finaneialliabiliti es 4,600.02

Deferred Lax liabilities( el) 20,493.65

Long Term Provisions 7,462.82

Other non current liabilities -Total (E) 334,375.26

Total Liabilities (F=D+E) 457,945.68

Net Assets (G=C -F) 397,826.90 less:Minority interest 46.719.81

less:Comingemliability 4,747.39

Net Assets Attributable to equity shareholders(l) 346,359.70 o. of Equity Shares 1,762.17

NAY Per Share (INR) 196.55

NAY Per Share (INR) 196.55

Note.

I. The goodwill on account of consol idation is not considered as asset.

21

Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP 7th Floor, Block Ill, White House Kundan Bagh, Begumpet Hyderabad 500016 India

T +91 40 6630 8200 F +91 40 6630 8230

Independent Auditor's Certificate on the Statement of Computation of Net Worth as on 30 June 2019 after considering the effects of reduction of share capital in accordance with the Proposed Scheme of Reduction of Capital ('the Proposed Scheme')

To The Board of Directors Nava Bharat Ventures Limited 6-3-1109/1 Nava Bharat Chambers Raj Bhavan Road Somajiguda, Hyderabad India- 500 082

1. This certificate is issued in accordance with the terms of our engagement letter dated 31 July 2019 with Nava Bharat Ventures Limited (hereinafter 'the Company').

2. The Management of the Company has prepared the accompanying statement of computation of Net Worth as at 30 June 2019 after considering the effects of reduction of share capital in accordance with the Proposed Scheme of reduction of share capital of the Company ('the Statement'), for submission with the National Stock Exchange of India Limited (NSE)/ Bombay Stock Exchange Limited (BSE) (together referred to as the 'Stock Exchanges') in connection with the Proposed Scheme. Net-worth for the purpose of this statement is as defined under section 2(57) of the Companies Act, 2013. This statement has been initialed by us for identification purposes only.

Management's Responsibility for the Statement

3. The preparation of the Statement, including the preparation and maintenance of all accounting and other relevant supporting records and documents, is solely the responsibility of the management of the Company. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate

"~~:,CT0J:::;:\, basis of preparation; and making estimates that are reasonable in the circumstances.

!/~,'?/-<,~.~\The Management is also responsible for ensuring that the Company complies with the (I~;.:~ ( r ~\:)":requirements of the underlying re~ulations governing the process of capital reduction of the \\::; \ \....1, ........ "'-c,jfCompany and prov1des all relevant mformat1on to the Stock Exchanges.

\~.*\>- kj/ ''::!;J;[{~r;i;;f::;/

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Naida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi, I 10001, India

Walker Chandiok &_Co LLP

Auditor's Responsibility

5. Pursuant to the requirements of the Stock Exchanges, it is our responsibility to provide reasonable assurance in the form of an opinion as to whether the amounts in the statement that form part of the Net Worth computation have been accurately extracted from the unaudited financial information and underlying books and records of the Company for the period ended 30 June 2019 and whether the adjustments to net worth is in accordance with the Proposed Scheme and the computation thereof is arithmetically accurate.

6. We conducted our examination, of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by I CAl.

7. We have complied with the relevant applicable requirements of the Standard on Quality Control (SOC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements issued by ICAI.

Opinion

8. Based on our examination, as above, evidences obtained, and the information and explanations, along with the representations provided by the Management, we are of the opinion that: (i) the amounts that form part of the net worth computation as on 30 June 2019, as set out in

the Statement, have been accurately extracted from the unaudited financial information and underlying books and records of the Company for the period ended 30 June 2019; and

(ii) adjustments to the net worth is in accordance with the Proposed Scheme of reduction of share capital of the Company and that the computation thereof is arithmetically accurate.

Restriction on distribution or use

9. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the requirements of the Stock Exchanges. Our obligations in respect of this certificate are entirely separate from, and our responsibility and liability is in no way changed by, any other role we may have or may have had as auditors of the Company or otherwise. Nothing in this certificate, nor anything said or done in the course of or in connection with the services that are the subject of this certificate, will extend any duty of care we may have in our capacity as auditors of the Company.

10. The certificate is addressed to and provided to the Board of Directors of the Company solely for the purpose of enabling it to comply with the requirements of the Stock Exchanges which requires it to submit the certificate with the accompanying Statement to the Stock Exchanges, and should not be used, referred to or distributed for any other purpose or to any other party without our prior written consent. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing.

For Walker Chandiok & Co LLP Chartered Accountants Fir Reg·s tion o: 001 076N/N500013

SanJ y K Partner Membership No.: 207660 UDIN No.: 19207660AAAACI6673

Place: Hyderabad Date: 20 August 2019


NAVA BHARATVENTURES LIMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD- 500 082, TELANGANA, INDIA

NAVA

Statement of Net Worth as at 30 June 2019

(i) Net-worth:

Equity share capital Add: Surplus in the Statement of Profit and Loss Securities Premium General Reserve Other Comprehensive Income

Total Net Worth

178,473.89 25,425.10 87,566.64

290.64 295,312.37

(2,490.73)

2,745.67

178,473.89 25,425.10 85,075.91

290.64 292,566.70

Note 1: In accordance with dause 4 of the proposed scheme, upon the scheme becoming effective, investment aggregating to ~2. 7 45.67 lakhs, in the Company's equity shares currently held by Nava Bharat Ventures Employee Welfare Trust and Nav Energy Private Limited respectively, and accounted as "Treasury Shares", shall be cancelled with the corresponding adjustments as mentioned in the table above.

For Nava Bharat Ventures Limited

Authorized Signator


Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 OlTG1972PLC001 549


To, The Board of Directors Nava Bharat Ventures Limited 6-3-1109/1, Nava Bharat Chambers Raj Bhavan Road, Somajiguda H yderabad - 500 082


T +91 40 6630 8200 F +91 40 6630 8230

\~e, the statutory auditors ofNava Bharat Ventures Limited (hereinafter referred to as "the Company"), have examined the proposed accounting treatment specified in clause 4 of the Draft Scheme of Reduction of Capital of the Company ('the Draft Scheme') in terms of the provisions of section 66 of the Companies Act, 2013 ('the Act') with reference to its compliance with the applicable Accounting Standards notified under the Companies Act, 2013 and Other Generally Accepted Accounting Principles.

The responsibility for the preparation of the Draft Scheme and its compliance with the relevant laws and Regulations, including the applicable Accounting Standards as aforesaid, is that of the Board of Directors of the Companies involved. Our responsibility is only to examine and report whether the accounting treatment specified in clause 4 of the Draft Scheme complies with the applicable Accounting Standards and Other Generally Accepted Accounting Principles. Nothing contained in this Certificate, nor anything said or done in the course of, or in connection with the services that are subject to this Certificate, will extend any duty of care that we may have in our capacity of the statutory auditors of any financial statements of the Company. \~e carried out our examination in accordance with the Guidance Note on Audit Reports and Certificates for Special Purposes (Revised 2016), issued by the Institute of Chartered Accountants oflndia.

Based on our examination and according to the information and explanations given to us, we confirm that the accounting treatment contained in the aforesaid scheme is outside the pmview of the applicable

~?:::::..~'7:~"''"'-· accounting standards spe:ified under Section 133 of the Companies Act, 2013 read with relevant rules issued //c}''';nato1)~~~1ereunder and SEBI (Llst:mg Obligauons and Disclosure Reqwrements) Regulat1ons, 2015 and ctrculars ~~~~,/~'\'d~~ued there under. In the absence of specific guidance for accounting of transactions relating to reduction .;3

1 /' _/\ · ) ::?~share. capital, the account1ng treatment under Clause 4 of the Draft Scheme iS construed to be in

·-"" \ '-b~; l·cs~1fornuty with other generally accepted accounung pnnoples in India. ~t\. /l()jj

\~~~~:l~i~t~:untants Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC·2085 and its registered office at L41 Connaught Circus, New Delhi, 110001, India

Walker Chandiok &..Co LLP

This Certificate is issued at the request of the Company pursuant to the requirements of circulars issued under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for onward submission to the Bombay Stock Exchange/National Stock Exchange ("the Stock Exchanges"). This Certificate should not be used for any other purpose without our prior written consent.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No.: 001076N/N500013

San~ Partner Membership No.: 207660

UDIN No.: 19207660AAAACJ3212



I

I

NAVA BHARAT VENTURES LIMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD- 500 082, TELA~<rif\~~J~

NtWtp~"~~fid1 post shareholding pattern of the Company for the scheme of Reduction of Share Capital.

Company ! I Pre-scheme Post-scheme

As on August 9, 2019 As on August 9, 2019 Sr Description Name of Shareholder No.of shares % No. of Shares j %

(A) Shareholding of Promoter and Promoter Group

1 Indian 3,12,83,646 17.76 3,12,83,646 19.14 Individuals/ Hindu Names of Promoter Undivided Family Mr. Devineni Ashok 22,26,000 1.26 22,26,000 1.36

Mrs. Devineni Ramaa 5,23,230 0.30 5,23,230 0.32 Mr. Ashwin Devineni 35,65,212 2.02 35,65,212 2.18 Mr. Nikhil Devineni 25,50,000 1.45 25,50,000 1.56 Mrs. Devineni Bhaktapriya 98,02,900 5.56 98,02,900 6.00 Dr.Devineni Rajasekhar

15,630 0.01 15,630 0.01 jointly with Mr. D. Ashok Mrs. Alluri Nilima 10,50,000 0.60 10,50,000 0.64 Mr. Pinnamaneni Trivikrama Prasad 38,50,488 2.19 38,50,488 2.36 Mr. Pinnamaneni Trivikrama Prasad

7,02,630 0.40 7,02,630 0.43 (HUF) Mrs. Pinnamaneni Rajashree 69,97,556 3.97 69,97,556 4.28

(b) Central Government! State - - - - -Government( s)

(c) Bodies Corporate Names Nav Developers Limited 1,60,93,517 9.13 1,60,93,517 9.84 AN.Investments Private Limited 92,88,074 5.27 92,88,074 5.68 S.R.T.Investments Private Limited 70,87,000 4.02 70,87,000 4.34 A9 Homes Private Limited 22,64,000 1.28 22,64,000 1.38 V9 Avenues Private Limited 22,19,980 1.26 22,19,980 1.36 AV Dwellings Private Limited 21,02,720 1.19 21,02,720 1.29

(d) Financial - - - - -Institutions/ Banks (e) Any Others

Trust Nav Energy Pvt Ltd{Holding Shares of the Company[NBVL]for the 99,47,020 5.64 - -benefit of the Company{NBVL})

Sub Totai(A)(1) 8,02,85,957 45.56 7,03,38,937 43.03 2 Foreign

(a) Individuals (Non-Residents Individuals/ - - - - -Foreign Individuals)

(b) Bodies Corporate - - - - -(c) Institutions - - - - -(d) Any Others - - - - -

Sub Totai(A)(2) - - - - -Total Shareholding of Promoter and - 8,02,85,957 45.56 7,03,38,937 43.03 Promoter Group (A)= (A)(1 )+(A)(2) -

11 Tele~hone: (040) 234?3501, 23403540, e Fax: (080) 66886121 ( ~ BAD~~) E-ma1l : [email protected] Website : www.nbventures.com ~ ;;;: Corporate Identity No.: L271 01TG1972PLC001549 -'lviV * a'>;.y

-

I I


(B) Public shareholding

1 Institutions 16187472 9.19 16187472 9.90

(a) Mutual Funds/ UTI UTI-Core Equity Fund 71,14,794 4.04 71,14,794 4.35

IDFC Equity Opportunity Fund-Series 4 90,32,374 5.13 90,32,374 5.53

(b) Financial Institutions'

2,21,819 0.13 2,21,819 0.14 Banks -

(c) Central Government! State Government(s) - - - - -

(d) Venture Capital - - - - -Funds

(e) Insurance Companies - - - - -

(f) Foreign Institutional - - - - -Investors

(g) Foreign Venture - - - - -Capital Investors

(h) Any Other - - - - -Foreign Portfolio- Morgan Stanley Asia (Singapore) Pte 42,21,805 2.40 42,21,805 2.58

Corp Retail Employees Superannuation Pty Limited as Trustee for Retail Employees 33,81,806 1.92 33,81,806 2.07 Superannuation Trust East Bridge Capital Master Fund Ltd 18,15,676 1.03 18,15,676 1.11

Sub-Total (B)(1) - 37541489 21.30 37541489 22.97

2 Non-institutions

(a) Bodies Corporate - 6006974 3.41 6006974 3.67

(b) Individuals - - - - -Individuals -i. Individual

I shareholders holding - 25750735 14.61 25750735 15.75 nominal share capital up to Rs 2 lakh

ii. Individual

II shareholders holding - 20321864 11.53 20321864 12.43 nominal share capital in excess of Rs. 2 lakh

(c) Any Other -

Unclaimed or Suspense or Escrow - 8,66,665 0.49 8,66,665 0.53 Account Director or Director's

8,21,157 0.47 8,21,157 0.50 Relatives -Clearing Members - 77401 0.04 77401 0.05 Trusts - 72372 0.04 72372 0.04 Non-Resident Indians

706556 0.40 706556 0.43 ReQatriable

-Non-Resident Indians

563464 0.32 563464 0.34 Non Repatriable

-IEPF - 320591 0.18 320591 0.20 Alternative

62015 0.04 62015 0.04 Investment Fund

-

Sub-Total (B)(2) - 5,55,89,574 31.55 55589574 34.01

Total Public (B) Shareholding (B)= - 9,31,31 ,063 52.85 93131063 56.97

(B)( 1 )+(B)(2)

TOTAL (A)+( B) - 173417020 98.41 163470000 100

NAVA BHARAT VENTURES LIMITED

(C)

C1

C2

Non Promoter-Non Public Shares held by Custodians and against which DRs have been issued Employee Benefit

Trust[Under SEBI (Share Based Employee Benefit) Requlations, 2014] Total Non Promoter -Non Public Shareholding (C)= (C)(1 )+(C)(2) GRAND TOTAL (A)+(B)+(C)


Nava Bharat Ventures Employee Welfare Trust through its Trustee -Barclays Wealth Trustees India Pvt. Ltd.

-

-

Continuation Sheet

2800000 1.59 - -

2800000 1.59 - -

17,62,17,020 100 16,34,70,000 100


Annexure IV

The financial details and capital evolution of the Company for the previous 3 years as per the audited statement of Accounts along with un-audited financials for the latest quarter ended June 30, 2019:

Name of the Company: Nava Bharat Ventures Limited (Rs. in Crores)

As per last 1 year prior to the 2 years prior to Unaudited Audited Financial last Audited the last Audited financials for the

Year Financial Year Financial Year latest quarter

2018-19 2017-18 2016-17 June 30, 2019

Equity Paid up CaQital 35.73 35.73 35.73 35.56

Reserves and surplus 2,871.26 2,734.52 2,589.74 2,889.31

Carry forward losses - - - -Net Worth 2,906.99 2,770.25 2,625.47 2,934.87

Miscellaneous Expenditure

Secured Loans 320.37 333.76 293.03 316.95

Unsecured Loans - - -Fixed Assets 790.89 816.71 840.87 783.62

Income from Operations 1 ,358. 71 1,308.64 979.34 323.31

Total Income 1,437.78 1,355.12 1041.34 340.22

Total Expenditure 1,179.10 1,117.97 918.78 284.42

Profit before Tax 258.67 237.15 122.56 55.80

Profit after Tax 166.19 161.56 79.60 35.94

Cash profit* 207.60 206.84 131.85 45.52

EPS 10.02 9.74 4.80 2.17

Book value 162.77 155.11 147.00 165.07 *Cash profit = Profit after Tax + Deprec1at1on and amort1zat1on expense + Deferred tax expense


Date: August 20, 2019


NA VA BHARA T VENTURES LIMITED NAVA BHARA T CHAMBERS, RAJ BHA VAN ROAD, HYDERABAD-500082, TELANGANA, INDIA

NAVA BHARAT

NBV /SECTLf.?-1-1120 19-20 August 8, 2019

Listing Department National Stock Exchange oflndia Limited Exchange Plaza, 51

h Floor, Plot No.C/1, G Block Bandra Kurla Complex, Bandra (E) MUMBAI - 400 051 NSE Symbol : 'NBVENTURES'

Dear Sir,

Dept. of Corp.Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street MUMBAI - 400 00 l

Scrip Code : '513023' I 'NBVENTURES'

Sub: Outcome of the Board meeting Ref: Regulation 30 of SEBI (LODR) Regulations, 2015.

***** This is to inform that the Board of Directors of the Company at its meeting held today (August 8, 20 19) has inter alia approved the following:

I. Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2019, pursuant to Regulation 33 (3) of SEBI (LODR) Regulations, 2015; and

2. Draft scheme for selective reduction of paid up equity share capital of the Company by cancellation and extinguishment of the total shares held by Nav Energy Private Limited which is holding shares of the Company for the benefit of the Company and the shares held by Nava Bharat Ventures Employee Welfare Trust through its Trustee- Barclays Wealth Trustees India Pvt. Ltd.

The Board meeting commenced at 12:00 noon (IST) and concluded at 2: Lj 5" p.m. (1ST)

Kindly take the same on record and acknowledge the receipt.

Thanking you,

Yours faithfully, For NA VA BHARA T VENTURES LTD

VSNRaju~ Company Secretary & Vice President

Encl: as above.

Telephone :(040) 23403501, 23403540; e-Fax: 080 6688 6121 E-Mail : [email protected] Website: www.nbventures.com


Regd.Office: 6-3-1109/1, 'Nava Bharat Chambers', Raj Bhavan Road, Hyderabad- 500 082

Corporate Identity Number:L271 01TG1972PLC001549; Tei.Nos.040-23403501/23403540; Fax No.040-23403013

E-maiii.D: [email protected]; Website:nbventures.com

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30,2019

(Amount in lakhs of~ unless otherwise stated) Sl. Particulars Quarter ended Year ended No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019

(Unaudited) (Audited) (Unaudited) (Audited) Refernote4

1 Revenue from operations 32,331.32 34,633.49 32,534.70 135,871.22 2 Other Income 1,691.06 1,558.32 3,050.58 7,906.56

Total Income (1+2) 34,022.38 36,191.81 35,585.28 143,777.78 3 Expenses

(a) Cost of materials consumed 16,666.10 26,423.88 17,813.88 82,590.70 (b) Purchases of stock-in-trade 22.31 21.10 83.56 224.69 (c) Changes in inventories of finished goods,

2,127.37 (7,248.70) 2,551.07 (3, 106.58) stock-in-trade and work-in-progress

(d) Manufacturing expenses 2,054.19 3,334.28 1,739.22 9,369.00 (e) Employee benefits expense 2,399.18 2,455.49 2,353.15 9,392.37 (fj Finance costs 746.81 692.10 453.71 2,464.27 (g) Depreciation and amortisation expense 893.72 966.64 901.48 3,693.98 (h) Other expenses 3,532.50 3,679.81 2,486.52 13,282.01 Total Expenses (a to h) 28,442.18 30,324.60 28,382.59 117,910.44

4 Profit before tax (1+2-3) 5,580.20 5,867.21 7,202.69 25,867.34

5 Tax expense:

(a) Current tax 1,922.23 1,866.20 2,541.79 8,801.61

(b) Deferred tax expense 63.88 258.75 92.34 446.84 6 Profit for the period (4-5) 3,594.09 3,742.26 4,568.56 16,618.89 7 Other comprehensive income

(i) Items that will not be reclassified to profit or loss, - 104.22 - 104.22 net of income tax

8 Total Comprehensive Income for the period (6+ 7) 3,594.09 3,846.48 4,568.56 16,723.11

9 Paid-up Equity Share Capital 3,556.10 3,572.77 3,572.77 3,572.77 (Face value of ~ 21- each)

10 Other equity 287,125.82 11 Earnings per Equity Share (EPES)

(Face value of ~ 21- each)

(a) Basic (refer note 7 & 8) (in absolute ~terms) 2.17 2.26 2.75 10.02 (b) Diluted (refer note 7 & 8) (in absolute ~terms) 2.17 2.26 2.75 10.02

See accompanying notes to the standalone financial results.

Standalone segment information (Amount in lakhs of ~ unless otherwise stated)

Sl. Particulars Quarter ended Year ended

No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019 (Unaudited) (Audited) (Unaudited) (Audited)

Refer note 4

1 Segment Revenue

a) Ferro Alloys 22,961.32 26,148.52 20,633.26 96,955.51

b) Power 13,488.39 13,788.15 13,343.33 56,421.63

c) Sugar 3,230.33 3,464.35 5,287.03 14,404.33

d) Unallocated 1,771.04 1,712.77 1,642.68 6,808.69

Total 41,451.08 45,113.79 40,906.30 174,590.16 Less: Inter Segment Revenue (9, 119.76) (1 0,480.30) (8,371.60) (38,718.94)

Net Sales/Income from Operations 32,331.32 34,633.49 32,534.70 135,871.22

2 Segment Results (Profit/(loss) before tax, other income and finance costs from each segment)

a) Ferro Alloys 1,813.02 1,072.69 1,933.52 6,407.13

b) Power 2,826.37 2,825.50 2,550.42 12,061.95

c) Sugar 9.79 1,166.42 (330.65) 542.95

d) Unallocated (13.23) (63.62) 452.53 1,413.02

Total 4,635.95 5,000.99 4,605.82 20,425.05

Less: Finance costs 746.81 692.10 453.71 2,464.27

Add: Other income 1,691.06 1,558.32 3,050.58 7,906.56

Total Profit before Tax 5,580.20 5,867.21 7,202.69 25,867.34

3 Segment Assets a) Ferro Alloys 54,383.29 51,168.11 42,268.32 51,168.11

b) Power 75,948.66 77,544.77 74,925.22 77,544.77

c) Sugar 17,887.64 20,554.21 13,227.01 20,554.21

d) Unallocated 201,829.95 199,685.51 192,259.57 199,685.51

Total 350,049.54 348,952.60 322,680.12 348,952.60

4 Segment Liabilities a) Ferro Alloys 5,038.42 6,499.61 7,715.83 6,499.61

b) Power 14,128.40 11,731.49 2,232.09 11,731.49

c) Sugar 4,558.60 5,580.35 1,940.59 5,580.35

d) Unallocated 32,837.23 34,442.56 29,198.19 34,442.56

Total 56,562.65 58,254.01 41,086.70 58,254.01

Notes: 1 The unaudited standalone financial results for the quarter ended 30 June 2019 were reviewed by the

Audit Committee and approved by the Board of Directors of the Company at their meetings held on 7 August 2019 and 8 August 2019, respectively.

2 The results for the quarter ended 30 June 2019 presented were subjected to a "Limited Review" by the Statutory Auditors of the Company. An unqualified report was issued by them thereon.

3 These standalone results have been prepared in accordance with the Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India.

4 The figures of the quarter ended 31 March 2019 are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the third quarter of the relevant financial year, which were subjected to limited review by the statutory auditors.

5 The impact of foreign currency fluctuations and re-measurement of derivate contracts on the financial results are as follows:

(~in lakhs)

Quarter ended Year ended

30.06.2019 31.03.2019 30.06.2018 31.03.2019

Foreign exchange gain/(loss) (647.10) (353.86) 1 '147.46 2,790.68

Re-measurement gain/(loss) on derivative 395.42 (299.85) 847.11 (1 ,005.22) contracts Note: Gam has been 1ncluded 1n Other 1ncome and loss has been mcluded m Other expenses.

6 Effective 1 April 2019, the Company has adopted lnd AS 116 "Leases" using the modified retrospective approach. Accordingly, the comparatives have not been retrospectively adjusted. The adoption of lnd AS 116 did not have any significant impact on the financial results of the Company.

7 The EPES for quarters are not annualized.

8 The Board of Directors of the Company, at their meeting held on 29 May 2019, had approved a buyback of fully paid-up equity shares of the Company at a price not exceeding ~160 per share and for an aggregate consideration not exceeding ~2.500.00 lakhs. Pursuant to the said scheme, the Company has bought back 833,160 equity shares of ~2 each for an aggregate purchase value of ~ 804.78 lakhs, excluding transaction costs, during the quarter ended 30 June 2019. Out of the aforesaid shares bought back, 790,661 equity shares of ~2 each were extinguished before 30 June 2019. Further, the weighted average number of equity shares considered for computation of EPES for the quarter ended 30 June 2019 has also been accordingly adjusted for the effects of the aforesaid total equity shares bought back.

Place : Hyderabad Date : 8 August 2019 Chairman

NAVA BHARAT VENTURES LIMITED Regd.Office: 6-3-1109/1, 'Nava Bharat Chambers', Raj Bhavan Road, Hyderabad- 500 082

Corporate Identity Number:L27101TG1972PLC001549; Tei.Nos.040-23403501/23403540; Fax No.040-23403013

E-maiii.D: [email protected]; Website:nbventures.com

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30,2019

(Amount in lakhs of ~ unless otherwise stated) Sl. Particulars Quarter ended Year ended No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019

(Unaudited) (Audited) (Unaudited) (Audited) Refer note 4

1 Revenue from operations 80,032.43 77,370.02 74,283.79 310,346.36

2 Other Income 498.30 3,578.68 2,215.49 9,168.17

Total Income (1+2) 80,530.73 80,948.70 76,499.28 319,514.53

3 Expenses (a) Cost of materials consumed 23,410.34 26,445.95 23,784.52 101,752.42

(b) Purchases of stock-in-trade 22.31 21.10 83.56 224.69 (c) Changes in inventories of finished goods, 3,160.64 (1,530.63) 4,442.77 2,617.66

work-in-progress and stock-in-trade

(d) Manufacturing expenses 6,563.00 8,255.36 5,465.21 25,092.23

(e) Employee benefits expense 4,360.65 4,582.49 4,238.30 17,353.56

(0 Finance costs 8,038.62 7,936.16 8,623.68 35,092.87

(g) Depreciation and amortisation expense 7,487.04 7,557.58 6,997.00 29,197.73 (h) Other expenses 10,876.00 9,250.00 8,507.10 30,498.61

Total Expenses (a to h) 63,918.60 62,518.01 62,142.14 241,829.77

4 Profit before tax (1+2·3) 16,612.13 18,430.69 14,357.14 77,684.76

5 Tax expense (a) Current Tax 2,959.74 2,354.00 2,787.02 10,859.94

(b) Deferred Tax expense 1,409.56 8,174.86 34.90 20,345.80 6 Profit for the period (4·5) 12,242.83 7,901.83 11,535.22 46,479.02 7 Net Profit attributable to:

- Shareholders of the Company 9,574.28 7,076.92 8,536.38 35,755.18

- Non-controlling interest 2,668.55 824.91 2,998.84 10,723.84

8 Other Comprehensive income -(i) Items that will not be reclassified to profit or loss, net (103.77) (404.07) 1,315.34 1,661.13 of income tax

(ii) Items that will be subsequently reclassified to profit or (494.46) (1,880.96) 7,967.65 9,463.65 loss, net of income tax

9 Total Comprehensive Income for the period (6+8) 11,644.60 5,616.80 20,818.21 57,603.80

10 Total comprehensive income attributable to

- Shareholders of the Company 9,079.82 5,282.31 16,504.03 45,305.18 - Non-controlling interest 2,564.78 334.49 4,314.18 12,298.62

11 Paid-up Equity Share Capital 3,556.10 3,572.77 3,572.77 3,572.77 (Face value of ~2/- each)

12 ?fuer equity 377,425.45

1~ Earnings per Equity Share (EPES) (Face value of ~2/- each)

(a) Basic (refer note 10 & 11) (in absolute~ terms) 5.78 4.27 5.15 21.56

(b) Diluted (refer note 10 & 11) (in absolute~ terms) 5.78 4.27 5.15 21.56

See accompanying notes to the consolidated financial results.

Consolidated segment information (Amount in lakhs of " unless otherwise stated)

Sl. Particulars Quarter ended Year ended No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019

(Unaudited) (Audited) (Unaudited) (Audited) Refer note 4

1 Segment Revenue a) Ferro Alloys 22,961.32 26,148.70 20,633.26 96,955.51 b) Power 60,373.98 57,517.85 55,268.80 230,307.50 c) Sugar 3,230.33 3,464.35 5,287.04 14,404.33 d) Mining 7,828.16 5,356.71 4,474.31 26,067.60 e) Unallocated 4,884.96 5,155.62 4,186.12 18,499.00 Total 99,278.75 97,643.23 89,849.53 386,233.94 Less: Inter Segment Revenue (19,246.32) (20,273.21) (15,565.74) (75,887.58) Net Sales/Income from Operations 80,032.43 77,370.02 74,283.79 310,346.36

2 Segment Results (Profit/(loss) before tax, other income and finance costs from each segment)

a) Ferro Alloys 1,813.02 1,072.67 1,933.52 6,407.13 b) Power 18,905.91 18,702.62 18,877.25 84,692.41 c) Sugar (48.94) 1,166.42 (330.65) 542.95 d) Mining 2,849.61 1,745.71 522.50 9,604.33 e) Unallocated 632.85 100.75 {237.29 2,362.64

Total 24,152.45 22,788.17 20,765.33 103,609.46 Less: Finance costs 8,038.62 7,936.16 8,623.68 35,092.87 Add: other income 498.30 3,578.68 2,215.49 9,168.17 Total Profit before Tax 16,612.13 18,430.69 14,357.14 77,684.76

3 Segment Assets a) Ferro Alloys 54,383.29 51,168.11 42,263.39 51,168.11 b) Power 725,518.01 699,120.37 664,842.76 699,120.37 c) Sugar 18,621.33 20,554.21 13,227.01 20,554.21 d) Mining 94,881.15 94,632.13 89,753.86 94,632.13 e) Unallocated 33,907.86 36,234.61 47,829.16 36,234.61 Total 927,311.64 901,709.43 857,916.18 901,709.43

4 Segment Liabilities a) Ferro Alloys 5,038.42 6,499.61 7,715.83 6,499.61 b) Power 417,721.02 394,148.55 390,206.69 394,148.55 c) Sugar 4,760.96 5,580.35 1,940.59 5,580.35 d) Mining 25,876.16 30,413.53 32,664.61 30,413.53 e) Unallocated 37,922.97 39,910.58 33,959.13 39,910.58

Total 491,319.53 476,552.62 466,486.85 476,552.62

Notes: 1 The unaudited consolidated financial results for the quarter ended 30 June 2019 were reviewed by the Audit Committee and

approved by the Board of Directors of the Company at their meetings held on 7 August 2019 and 8 August 2019, respectively.

2 The consolidated results for the quarter ended 30 June 2019 presented were subjected to a "Limited Review'' by the Statutory Auditors of the Company. An unqualified report was issued by them thereon.

3 These consolidated results have been prepared in accordance with the Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India.

4 The figures of the quarter ended 31 March 2019 are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the third quarter of the relevant financial year, which were subjected to limited review by the statutory auditors.

5 Effective 1 April 2019, the Company has adopted lnd AS 116 "Leases" using the modified retrospective approach. Accordingly, the comparatives have not been retrospectively adjusted. The adoption of lnd AS 116 did not have any significant impact on the consolidated financial results of the Group.

6 During the year ended 31 March 2007, Brahmani lnfratech Private Limited (BIPL), a subsidiary, was allotted 250 Acres of land by Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) to develop 150 Acres as Special Economic Zone (SEZ) area and 100 Acres as Non-SEZ area with the agreed project completion date of 6 November 2012. BIPL had also paid an amount of ~5,000.00 lakhs as security deposit to APIIC in relation to the said allotment. BIPL had simultaneously entered into a development Agreement with Mantri Technology Parks Private Limited (MTPPL), Bangalore (appointed as Codeveloper) for the development of 238 Acres (including IT/ITES SEZ in 150 Acres) of the land so allotted, against which a security deposit of ~3.000.00 lakhs was duly collected. However owing to certain delays in development of the project, BIPL had made a representation to APIIC seeking an approval for extending the project completion date to November 2021, which was pending from the authorities concerned. In the meantime, the Codeveloper vide a letter dated 2 May 2012 opted for termination of the aforesaid Development agreement with a request to refund the security deposit paid by it. BIPL, had consequently, sought necessary approvals from APIIC towards termination of the aforesaid land allotment and the development work along with the refund of security deposit paid by it to the tune of ~4.975.00 lakhs, subsequent to adjustment of certain charges by API! C.

However, aggrieved by the action of the codeveloper and the status of the work executed, BIPL had served the notice of forfeiture of the security deposit made by the Codeveloper alleging non-compliance with the terms of the development agreement. Aggrieved by the same, MTPPL had initiated necessary arbitration proceedings against BIPL, which were duly decided by the arbitrator partly in favour of BIPL and partly in favour of MTPPL. Pursuant to the said order, MTPPL was entitled to receive the security deposit along with certain reimbursement for the costs incurred by it and interest at agreed rates on the security deposit made by it, while BIPL was entitled to receive certain fixed sums towards loss of profits on account of premature termination of the development agreement by MTPPL along with interest at agreed rates from the date of order until the date of payment.

Aggrieved by the aforesaid order of the arbitrator, BIPL and MTPPL, have filed necessary appeals with the City Civil Court of Hyderabad alleging certain prima facie deviations and inconsistencies in the order, against which an order has been pronounced on the 26 April 2019. Aggrieved by the order and on the basis of an expert advise received in this regard, the management has filed necessary appeal against the said order with the Honourable High Court of State of Telangana, which is pending for disposal as at 30 June 2019. However, the management, on the basis of its internal assessment of the case and the independent legal advice received in this regard, is confident of the case being settled in favour of the Company and accordingly no adjustments are deemed necessary to these financial results in this regard.

7 During the year ended 31 March 2006, Nava Bharat Projects Limited (NBPL), a subsidiary of the Company, had set up a joint venture company, Navabharat Power Private Limited (NPPL), duly represented by the then Director of the Company as the NonExecutive Vice Chairman, for setting up a 1040 MW Thermal Based Power Generating Facility in the state of Odisha. During the process of project implementation, NPPL obtained various key clearances which included Coal Linkage from Mahanadi Coalfields Limited along with allotment of a captive coal block to be shared with other power generators. However, due to a stalemate in the management of NPPL, the investments made by NBPL in NPPL were disposed-off in !ranches during the year ended 31 March 2012 for a post-tax consideration ofz14,800 lakhs.

During the year ended 31 March 2013, based on the Comptroller and Auditor General of India's Report, a complaint was lodged with the Central Vigilance Commission (CVC) by certain public representatives alleging certain misrepresentation in the allotment of coal blocks in the State of Odisha thereby leading to an investigation being conducted by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) of the Government of India on the coal blocks then allotted to NPPL. On the basis of the investigations conducted by the CBI, charge sheets were filed in this regard vide order dated 28 July 2015. However, pending conclusion of the proceedings, the ED vide its Provisional Attachment Order dated 22 July 2014 attached the entire equity shares held by NBPL in Nava Bharat Energy India Limited (NBEIL) to the extent of z13,8591akhs, being equivalent to the proceeds from sale of NBPL's stake in NPPL, net of income taxes. Further, the ED issued an order dated 9 July 2015 to NBPL requesting to transfer entire the shareholding of NBPL in NBEIL. In this regard, NBPL obtained a stay order from the Appellate Tribunal. Further, during prior year, the management has made certain representations to the ED by offering alternative assets which are valued at the aforesaid amounts in lieu of the investments in NBEIL, which is pending for adjudication as at 30 June 2019. The management, on the basis of its internal assessment of the facts of the case, is of the view that the charges alleged and levied by the CBI are not tenable in law and is confident of resolving the case in favour of the Company. The matter is currently sub-judice with the Special Court of CBI and there have been no further developments on the same during the quarter ended 30 June 2019.

8 Owing to a significant fluctuations in the United States Dollars, being the functional currency of major subsidiaries, the other comprehensive income/loss for the quarter ended 30 June 2019, 30 June 2018 and 31 March 2019 and the year ended 31 March 2019 includes the foreign currency translation gain/(loss) on conversion of the financial information of the overseas subsidiaries of the Company from their functional currency to the Indian Rupee to the tune of z(598.23) lakhs, z9282.991akhs, z(2,371.38) lakhs lakhs and z11 ,038.43 lakhs, respectively.

9 The impact of foreign currency fluctuations and re-measurement of derivate contracts on the consolidated financial results are as follows:

Quarter ended

30.06.2019 31.03.2019 Foreign exchange gain/(loss) (702.97) (105.34)

Re-measurement gain/(loss) on derivative contracts (3,740.18) (3,461.48)

Note: Gam has been Included in Other mcome and loss has been included 1n Other expenses.

10 The EPES for quarters are not annualized.

(z in lakhs)

Year ended

30.06.2018 31.03.2019 (856.26) (757.35)

944.40 (5,056.69)

11 The Board of Directors of the Company, at their meeting held on 29 May 2019, had approved a buy-back of fully paid-up equity shares of the Company at a price not exceeding ~160 per share and for an aggregate consideration not exceeding ~2,500.00 lakhs. Pursuant to the said scheme, the Company has bought back 833,160 equity shares of ~2 each for an aggregate purchase value of ~ 804.78 lakhs, excluding transaction costs, during the quarter ended 30 June 2019. Out of the aforesaid shares bought back, 790,661 equity shares of ~2 each were extinguished before 30 June 2019. Further, the weighted average number of equity shares considered for computation of EPES for the quarter ended 30 June 2019 has also been accordingly adjusted for the effects of the aforesaid total equity shares bought back.

Place : Hyderabad Date : 8 August 2019

By Order of the Board or Nava Bharat Ventures Limited

Chairman



T +91 40 6630 8200 F +91 40 6630 8230

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Nava Bharat Ventures Limited

1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Nava Bharat Ventures Limited ('the Company') for the quarter ended 30 June 2019, and the year to date results for the period 1 April 2019 to 30 June 2019, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.

2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), SEBI Circular CIR/CFD/FAC/62/2016 dated 5 July 2016, (hereinafter referred to as 'the SEBI Circular'), and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does

~n~ not enable us to obtain assurance that we would become aware of all significant matters that .g~<r0 might be identified in an audit. Accordingly, we do not express an audit opinion.

~~f' m r ~ r-

* 0


Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad. Kochi, Kolkata, Mumbai, New Delhi, Naida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at l-41 Connaught Circus, New Delhi, 110001, India

WalkerChandiok&.Co LLP 4. Based on our review conducted as above, nothing has come to our attention that causes us to

believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in lnd AS 34, prescribed under Section 133 of the Act, the SEBI Circular, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001 076N/N500013

-~~'~

Membership No.: 207660 1 ~- ~!=' UDIN: 19207660AAAABS6865 \\~~ .: S':: .

~,~rabai.-! Place : Hyderabad ~

Date : 8 August 2019




T +91 40 6630 8200 F +91 40 6630 8230

Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors ofNava Bharat Ventures Limited

1. \Ve have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Nava Bharat Ventures Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 June 2019 and the consolidated year to date results for the period 1 April 2019 to 30 June 2019, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.

2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), SEBI Circular CIR/CFD/FAC/62/2016 dated 5 July 2016 01ereinafter referred to as 'the SEBI Circular), and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. \Ve conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants oflndia. i\ review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(1 0) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not

;;JJ~~~~express an audit opinion .

.._CJ~~ . We also performed procedures in accordance with the SEBI Circular CIR/CFD/C:I'viD1/44/2019 :fJi ~ . ·.- dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations ~ ; r; and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

* *rf liJtle~a.'\J'O.~ -~ "---


Off1ces in Bengaluru, Cllandigarh, Chennai, Gurugram, Hyderabad, Kechi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi, !! 0001, lndm

Walker Chandiok &..Co LLP 4. Based on our review conducted and procedures performed as stated in paragraph 4 above, nothing

has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, the SEBI Circular and other accounting principles generally accepted in India, has not disclosed the informacion required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. \\!e draw attention to:

1. note 6 to the accompanying consolidated fmancial results of the Holding Company, which describes the uncertainty relating to the outcome of the lawsuit flied by and against a subsidiary company, Brahmani Infratech Private Limited. Pending the final outcome of the aforesaid matter, which is presently unascertainable, the Holding Company have considered this matter as contingent liability/ assets and have not recorded any adjustment in the consolidated fmancial results. Our review report is not modified in respect of this matter.

11. note 7 to the accompanying consolidated financial results of the Holding Company, which describes the uncertainty relating to the outcome of the proceedings pending against a subsidiary company, Nava Bharat Projects Limited, regarding the attachment of the equity shares invested in by such subsidiary company in a step-down subsidiary company, Nava Bharat Energy India Limited. Pending the final outcome of the aforesaid matter, which is presently unascertainable, no adjustments have been recorded in the consolidated financial results. Our review report is not modified in respect of this matter; and

Our report is not qualified in respect of these matters.

6. The Statement includes the interim financial results of twelve subsidiaries, which have not been reviewed, whose interim fmancial results reflects total revenues of ~5,607.65 lakhs, net loss after tax of ~129. 75 lakhs, total comprehensive loss of ~130.24 lakhs for the quarter ended 30 June 2019, as considered in the Statement, and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, and our report in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), read with SEBI Circular, in so far as it relates to the aforesaid subsidiaries are based solely on such unreviewed interim financial results. According to the informacion and explanations given to us by tl1e management, these interim financial results are not material to the Group.

Our conclusion is not modified in respect of tl1is matter.

For Walker Chandiok & Co LLP

Partner Membership No.: 207660 UDIN: 19207660AAAABT9431




Annexure 1

List of subsidiaries included in the Statement

1. Nava Bharat Energy India Limited, India 2. Nava Bharat Projects Limited, India 3. Brahmani Infra tech Private Limited, India 4. Maamba Collieries Limited, Zambia 5. Nava Energy Zambia Limited, Zambia 6. Kawambwa Sugar Limited, Zambia 7. Nava Bharat (Singapore) Pte. Limited, Singapore 8. Nava Energy Pte. Limited, Singapore 9. Nava Agro Pte. Limited, Singapore 10. Nava Holding Pte. Limited, Singapore 11. Tiash Pte. Limited, Singapore 12. TIS Pte. Limited, Singapore 13. The Iron Suites Pte. Limited, Singapore 14. Compai Pharma Pte. Limited, Singapore 15. Compai Healthcare Sdn. Bhd., Malaysia 16. Kinta Valley Mining Resources Sdn. Bhd., Malaysia



Annexure E

Brief particulars of the Company

S. N. Particulars Remarks

1 Name of the Company Nava Bharat Ventures Limited 2. Exchange(s) Listed on 1. National Stock Exchange of India Limited

l I 2. BSE Limited

3. Designated Stock Exchange BSE Limited 4. Scheme provides for Reduction of Capital 5. Consideration Nil 6. Will any of the unlisted Not applicable

companies seek listing pursuant to Rule 19(2)(b) of SEBI (SCRR), 1957

7. Report of Audit Committee Audit Committee report dated August 8, 2019 recommended the I draft scheme for favorable consideration.

8. . Valuation Report from Mr. V GANGADHARA RAO N, Chartered Accountants, Registered

I Independent Chartered Valuer Regn. no. IBBI/RV/06/2019/1 0709

Accountant I Registered Fair value per shares Rs. 139.64 Valuer.

9. Fairness opinion by Merchant Karvy Investor Services Limited, Merchant Banker, in its fairness Banker opinion dated August 9, 2019 has opined that the value per share

recommended by the Valuer is fair.

10. Pre and post scheme Pre Scheme Shareholding Pattern: Shareholding Pattern of the Category No. of shares % listed Company

Promoter 8 02.85.957 45.56 Public 9,59,31,063 54.44

I Total 17,62,17,020 100 I I

Post-Scheme shareholding pattern:

Category No. of shares % Promoter 7.03.38.937 43.03 Public 9,31,31,063 56.97 Total 16,34,70,000 100

11. Pre and post scheme Shareholding pattern of Not Applicable Unlisted Company 1

12. Pre and post scheme Shareholding pattern of Not Applicable Unlisted Company 2

13. Minimum public shareholding in the company pre and post amalgamation is in compliance

Yes with Regulation 38 of SEBI (LODR) Regulations, 2015 ('Listing Regulations') ! I

Telephone: (040) 23403501, 23403540, e Fax: (080) 6688612 E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 01TG1972PLC001549


14. Approval of shareholders through postal ballot and e-voting

15. Compliance with Regulation 11 of the Listing Regulations

16. Statutory Auditor's certificate confirming the compliance of the accounting treatment as specified in Para (I)(A)(5) of the SEBI Circular

17. Compliance Report as per SEBI circular

18. Net Worth (Rs. In crores) -Pre -Post

19. Capital before the scheme (No. of equity shares as well as capital in rupees)

No. of shares to be issued Cancellation of shares on account of cross holding, if any

Capital after the scheme (No. of equity shares as well as capital in rupees)

20. Remarks, if any


~fter obtaining the no objection letter from the concerned Stock Exchanges/SEBI will seek shareholders approval through postal ballot and e-voting.

The Company has vide letter dated August 9, 2019 confirmed that the proposed scheme of reduction of capital to be presented to any court or Tribunal does not in any way violate o override or circumscribe the provisions of SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, Securities Contracts (Regulation) Rules, 1957, RBI Act, the Depositories Act, 1996, the Companies Act, 1956/2013, the rules, Regulations and guidelines under the Acts, the provisions as explained in Regulation 11 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 or the requirements of SEBI Circulars and stock exchanges.

Walker Chandiok &.Co LLP Statutory Auditors of the Company have provided the certificate dated August 20, 2019 confirming the accounting treatment as per SEBI circular.

Compliance Report as the SEBI Circular has been submitted along with the application filed on 13.08.2019.

Rs. 2953.12 crores Rs. 2925.67 crores

Fully paid-up equity share capital of Rs. 35,24,34,040 (Rupees Thirty Five Crores Twenty Four Lakhs Thirty Four Thousand and Forty only) divided into 17,62,17,020 (Seventeen Crores Sixty Two Lakhs Seventeen Thousand and Twenty only) equity shares of Rs. 2/-(Rupees two only) each.

Not applicable

Not applicable

Rs. 32,69,40,000 (Rupees Thirty Two Crores Sixty Nine Lakhs Forty IJ"housand only) divided into 16,34,70,000 (Sixteen Crores Thirty Four Lakhs Seventy Thousand only) shares of Rs. 2/- (Rupees two only) each.

Nil


~~Raju Co~:::J:c~:tary & Vice President


To,

Manager- Listing Compliance National Stock Exchange of India Limited 'Exchange Plaza'. C-1, Block G, Sandra Kurla Complex, Sandra (E), Mumbai - 400 051

Dear Sir,

Sub: Application under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the proposed scheme of Reduction of Capital

In relation to the captioned subject, this is to confirm that:

1. The Company, its promoters or Directors have never been declared as willful defaulter as per RBI Circular Ref. No. RBI/2015-16/100 DBR.No.CID.BC.22/20.16.003/2015-16 dated July 1, 2015 by the Banks.

2. The Company, its promoters or Directors have not been directly or indirectly, debarred from accessing the capital market or have been restrained by any regulatory authority from, directly or indirectly, acquiring the said securities.

3. The Company, its promoters or Directors do not have direct or indirect relation with the companies, its promoters and whole-time directors, which are compulsorily delisted by any recognized stock exchange.



~/,

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website: www.nbventures.com Corporate Identity No. : L271 01 TG1972PLC001549


I

NAVA BHARAT VENTURES LIMITED Details of Capital evolution of the Company

I Cumulative No. of Issue Type of Issue (IPO/FPO/ Date of capital

Issue shares Price Preferential Issue/ Scheme/

(No. of issued (Rs.) Bonus/ Rights, etc.)

shares)

15.11.1972 70 10.00 Initial Capital 70

24.01.1974 32,500 10.00 Initial Capital 32,570

08.02.1974 8,400 10.00 Initial Capital 40,970

21.02.1974 14,500 10.00 Initial Capital 55,470

25.02.1974 4,200 10.00 Initial Capital 59,670

04.03.1974 2,500 10.00 Initial Capital 62,170

25.04.1974 3,61,85o 1 10.00 Initial Capital 4,24,020

25.06.1974 21,100 10.00 Initial Capital 4,45,120

13.09.1974 21,800 10.00 Initial Capital 4,66,920

19.10.1974 20,000 10.00 Initial Capital 4,86,920

15.04.1975 63,080 10.00 Initial Capital 5,50,000

1,37,500 Allotment of Rights Equity 6,87,500 14.05.1979 10.00 shares

03.05.1980 6,87,500 10.00 Issue of Bonus shares in the 13,75,000

ratio of 1:1

30.08.1982 3,64,928 -- Amalgamation of The Deccan 17,39,928

Sugar & Abkhari Company Ltd

31.07.1987 17,39,928 10.00 Issue of Bonus shares in the 34,79,856

ratio of 1:1

31.12.1987 48,000 Amalgamation of Beardsell 35,27,856

--Engineering Limited

12,491 Amalgamation of The Andhra 35,40,347 01.03.1981 -- Foundry & Machine Company

Limited

27.04.1994 17,70,174 25.00 Rights Issue 2:1 53,10,521

29.01.1996 42,48,417 60.00 Rights Issue 4:5 95,58,938

18.02.1997 24,08,000 - Amalgamation of Nav Chrome 1,19,66,938 Limited

31.10.2002 50,295 -- Forfeiture of shares 1,19,16,643

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 01 TG1972PLC001 549

Whether listed, if not listed, give

reasons thereof

Listed on Madras Stock

Exchange Limited; The Hyderabad

Stock Exchange Limited & The Stock Exchange, Mumbai on 10.08.1984, 20.03.1985

and 10.07.1985 respectively

Listed

Listed

Listed

Listed

Listed (Listed on NSE wef

03.04.1996)

Listed

--

I

I I


17.12.2002 14,40,852 26.50

01.09.2005 -- --

17.03.2007 9,12,000 95.00

25.08.2007 18,05,820 & 132.96

30.08.2007 12,47,790

27.09.2007 18,77,455 132.96

05.11.2007 22,88,000 95.00

19.12.2007 28,45,238 132.96

19.03.2008 1,09,890 90.52

30.07.2008 31,560 90.52

12.08.2009 19,32,500 --

30.11.2009 7,140 90.52

20.03.2010 2,75,590 90.52

15.05.2010 1,09,210 90.52

18.08.2011 1,29,23,073 121.82

07.09.2016 8,92,87,741 --10.06.2019

to 23,58,462 08.08.2019

Thanking you

Yours faithfully for Nava Bharat Ventures Limited

y VSN Raju .c.

Company Secretary & Vice President

Continuation Sheet

Issue of equity shares in lieu of redemption of 3,81 ,826- 12% Non-Cumulative Redeemable 1,33,57,495 Listed Preference shares of Rs.1 00/-

each

Stock split ((5:1) 6,67,87,475 Listed

Conversion of Warrants - I 6,76,99,475 Listed

Conversion of FCCBs - I 7,07,53,085 Listed

Conversion of FCCBs - II 7,26.30,540 Listed

Conversion of Warrants - II 7,49.18,540 Listed

Conversion of FCCBs- Ill 7,77.63,778 Listed

Stock Options - I 7,78.73,668 Listed

Stock Options - II 7,79.05,228 Listed

19,32,500 Equity shares were 7,59,72,728 --bou_ght back from open market

Stock Options- Ill 7,59.79,868 Listed

Stock Options - IV 7,62.55,458 Listed

Stock Options - V 7,63.64,668 --Conversion of FCCBs -Ill 8,92,87,741 Listed

Issue of Bonus shares in the 17,85, 75,482 Listed ratio of 1:1

23,58,462 Equity shares were 17,62,17,020 --bought back from open market


Reconciliation of share capital for shares held by Nava Bharat Ventures Employee Welfare Trust and Nav Energy Private Limited along with effect of all corporate actions on the number of shares outstanding in said trusts.

Nav Energy Private Limited (NEPL)

I Date Particulars No. of shares Face value of

shares

Transfer of fully paid-up equity shares to NEPL after Amalgamation of Nav Chrome

18.02.1997 Limited with Nava Bharat Ventures Limited 5,86,250 Rs.1 0/- each (formerly known as Nava Bharat Ferro Alloys Limited) Issue of equity shares in lieu of redemption

17.12.2002 of 12% Non-Cumulative Redeemable 4,08,452 Rs.1 0/- each Preference shares

i Total:- 9,94,702 Rs.1 0/- each 01.09.2005 Stock split in the ratio of 5:1 49,73,510 Rs.2/- each 07.09.2016 Issue of Bonus shares in the ratio of 1:1 49,73,510 Rs.2/- each

Total:- 99,47,020 Rs.2/- each

Nava Bharat Ventures Employee Welfare Trust

Face value of Date Particulars No. of shares

shares

09.03.2012 Purchase of equity shares from open Market 14,00,000 Rs.2/- each

07.09.2016 Issue of Bonus shares in the ratio of 1:1 14,00,000 Rs.2/- each

Total:- 28,00,000 Rs.2/- each




1

IN THE HIGHCOURT OF JUDICATURE : ANDHRA PRADESH : AT HYDERABAD

(ORDINARY ORIGINAL/CIVIL JURISDICTION)

Monday, the thirtieth day of December, One thousand nine hundred and ninety six.

PRESENT

THE HON’BLE MR. JUSTICE: S. DASARADHA RAMA REDDY

COMPANY PETITION NO.93 Of 1996

IN THE MATTER OF THE COMPANIES ACT (1 OF 1956)

and

THE MATTER OF NAVA BHARAT FERRO ALLOYS LIMITED

and

NAV CHROME LIMITED

BETWEEN:

Nava Bharat Ferro Alloys Limited

Regd. Office at Nava Bharat Chambers,

6-3-1109/1, Raj Bhavan Road,

Hyderabad - 500 082.

rep. by its Executive Director Sri P. Trivikrama Prasad

Petitioner

(Transferee)

Petition U/s. 394 read with Sec. 391 (2) of Companies Act, 1956 praying that this High Court may be pleased to sanction by

order the said scheme a copy of which is annexed hereto so as to bind all the members of the petitioner Company and all

concerned.

This Petition coming on for Orders, upon reading the Judge’s summons and the affidavit dated 9.10.1996 and filed by

Sri. P. Trivikrama Prasad, Executive Director of the Petitioner Company in support of this petition and the Counter affidavit

dated 4.12.1996 and filed by Sri S.N. Jeya, Registrar of Companies, Andhra Pradesh, and upon hearing the arguments of Sri

C. Kodanda Ram, Advocate for the petitioner and of Sri P. Innayya Reddy, S.C. for Central Government and of the Official

Liquidator.

Petitioner

(Transferee)

THE COURT DOTH ORDER AS FOLLOWS:

1. that this Court doth hereby sanction the scheme of arrangement of amalgamation with effect from as per paras of

the petitions herein scheduled hereto and doth hereby declare the same to be binding on the transferor Company

and the transferee company;

2

2. that all the property, rights and powers of the transferor company specified in the scheme of amalgamation annexed

hereto and all the other property, rights and powers of the transferor Company be transferred without further act

or deed to the transferee company and accordingly the same shall pursuant to section 394 (2) of the Companies

Act, 1956 be transferred to and vest in the transferee Company for all estate and interest of the transferor company

therein but subject nevertheless to all charges now effecting the same, and

3. that all the liabilities and duties of the transferor Company be transferred without further act or deed to the transferee

Company and accordingly the same shall, pursuant to Section 394 (2) of the Companies Act, 1956 be transferred to

and become the liabilities and duties of the transferee company, and

4. that all proceedings now pending by or against the transferor company be continued by or against the transferee

company, and

5. that the transferee company do without further application allot to such members of the transferor company as

have not given such notice of dissent as is required by the company to which they are entitled under the said

companies, or arrangement, and

6. that the transferor company do within 30 days after the date of this order cause a certified copy of this order to be

delivered to the Registrar of Companies for registration and on such certified copy being so delivered, the transferor

company shall stand dissolved and the Registrar of Companies shall place all documents relating to the transferor

company and registered with him on the file kept by him in relation to the transferee company and the files relating

to the said two companies shall be consolidated accordingly.

7. that the parties interested to the scheme of arrangement for amalgamation or other persons interested shall be at

liberty to apply to this Court for any directions that may be necessary in regard to the working of the scheme.

8. that any person interested shall be at liberty to apply to the Court in the above matter for any directions that may

be necessary.

9. that the scheme of arrangement hereby sanctioned is subject to such modification as this Court may deem fit to

make for the proper working and implementation of the scheme.

10. that there be no order as to costs in both the company petitions.

By order of the Court, Monday, the thirtieth day of December, one thousand nine hundred and ninety six.

Encls: 1. Scheme of Amalgamation Sd/ M.V. SubbaRao

2. Chairman’s Report. Joint Registrar

High Court of A.P.

Hyderabad.

3

SCHEME OF AMALGAMATION

OF

NAV CHROME LIMITED

WITH

NAVA BHARAT FERRO ALLOYS LIMITED

DEFINITIONS:

In this Scheme, unless inconsistent with the subject or context, the following expressions shall have the following meanings:

1.1 “Transferor Company” shall mean and include:

“NAV CHROME LIMITED” (hereinafter referred to as “NCL”) a Company incorporated under the Indian Companies

Act, 1956, and having its Registered Office at “Nava Bharat Chambers”, 6-3-1109/1, Raj Bhavan Road,

Hyderabad - 500 082;

1.2. “The Transferee Company” shall mean and include NAVA BHARAT FERRO ALLOYS LIMITED (hereinafter referred to

as “NBFAL”) a Company incorporated under the Companies Act, 1956 and having its Registered Office at

“Nava Bharat Chambers”, 6-3-1109/1, Raj Bhavan Road, Hyderabad - 500 082;

1.3 “The said Act” means the Companies Act, 1956.

1.4 “The Appointed Date” means 1st April, 1996 or such other date as the Honourable Court may direct.

1.5 “The Appointed Day” means 1st April, 1996.

1.6 “The Effective Date” means the date on which certified copies of the High Court’s orders vesting the undertaking

including the assets, liabilities, rights, duties, obligations and the like of the Transferor Company in the Transferee

Company, are filed with the Registrar of Companies, Andhra Pradesh after obtaining all consents, approvals,

permissions, resolutions, agreements, sanctions and orders necessary thereto.

1.7 “Undertaking” shall mean;

(a) all the assets and properties wherever situated of the Transferor Company as on the Appointed Date;

(b) all the debts, liabilities, duties and obligations of the Transferor Company as on the Appointed Date (hereinafter

referred to as “ the said liabilities”);

(c) without prejudice to the generality of sub-clause (a) above, the undertaking of the Transferor Company shall

include all the Transferor Company reserves, movable and immovable properties, assets tangible and

intangible whatever nature, including leasehold rights, tenancy rights, licences, permits, authorizations and

telephones, telexes, facsimiles and other communication facilities and equipments, rights and benefits of all

agreements and all other interests, rights and powers of every kind, nature and description whatsoever,

privileges, liberties, easements, advantages, benefits and approvals, Stock-in-trade, goods -in- transact, plant

and machinery, workshops, laboratories, agencies, investments in shares or otherwise, advances of money,

Book-debts, dues, outstandings, recoverable claims, contracts, agreements, understandings, industrial and

other licences, sanctions, permits, import licences, export quotas and facilities, entitlement of export benefits,

letters of intent, trademarks, goodwill, patents and patent rights, copyrights, products, processes, Brand-

names and other industrial properties and all the rights, powers and liberties of every description and all

books of accounts and documents and records relating thereto.

4

1.8 “The Scheme” means this Scheme of Amalgamation in its present form or with any modifications approved or

imposed or directed by the High Court of Judicature at Hyderabad.

1.9 “NCL Shareholders” means the persons who are registered as the holders of the Equity Share Capital of “NCL” as on

such date (after the effective date herein above defined) as the Board of Directors of the Transferee Company may

determine.

2.1 The Transferee Company was originally incorporated under the Companies Act, 1956 on the 7th day of November,

1972 under the name “Nava Bharat Ferro Alloys Limited”. The main objects of the Company are, as set out in the

Memorandum of Association of the Company. The Transferee Company has its Registered Office at “Nava Bharat

Chambers”, 6-3-1109/1, Raj Bhavan Road, Hyderabad - 500082.

2.2 The Transferor Company was incorporated under the Companies Act, 1956 as “Nav Chrome Private Limited” as

Private Limited Company on 10th February, 1988 and was converted as a Public Limited Company on 30th March,

1992 having its Registered Office as mentioned in clause 1.1 of the scheme. The main objects of the Transferor

Company are set out in its Memorandum of Association.

2.3 The Authorised Share Capital of NCL as on the appointed day i.e.01.04.1996 is Rs.4,00,00,000 divided into 40,00,000

Equity Shares of Rs.10/- each. The Issued and Subscribed Capital is Rs. 3,01,00,000 consisting of 30,10,000 Equity

Shares of Rs.10/- each and the Paid-up Capital as on the appointed day as is Rs. 3,00,89,000 consisting of 30,07,800

Equity Shares of Rs.10/- each fully paid-up and 2,200 Equity Shares of Rs.10/- each partly paid-up, Rs. 5/- paid-up.

2.4 The Authorised Share Capital of NBFAL as on the appointed day i.e. 01-04-1996 is Rs.15,50,00,000/- divided into

50,000 - 15% Cumulative Redeemable Preference Shares of Rs.100/- each and 1,50,00,000 Equity Shares of

Rs.10/- each. The Issued and Subscribed paid-up capital of NBFAL as on the appointed day is Rs.9,55,89,380/-

consisting of 95,58,938 Equity Shares of Rs.10/- each. The Paid-up Capital was Rs.6,39,76,753 comprising of 53,43,921

Equity Shares of Rs.10/- each fully paid-up and 42,15,017 Equity Shares of Rs.10/- each and Rs.2.50 per share paid-

up.

3. TRANSFER OF UNDERTAKING:

3.1 With effect from the opening of business as on Appointed Date, the undertakings of the Transferor Company shall

be transferred to and vested in or deemed to have been transferred to the transferee Company pursuant to the

provisions of Section 394 and other applicable provisions of the Act, in the following manner:

a) With effect from the Appointed Date the entire Undertakings of the Transferor Company of whatsoever

nature and wheresoever situated and capable of passing by manual delivery, shall without further act or

deed but subject to the charges now effecting the same, be transferred to and vested in or be deemed to be

transferred to and vested in the Transferee Company so as to become property of the Transferee Company.

b) With effect from the appointed day the entire undertakings of Transferor Company, shall without any further

act or deed be transferred to and vest in “NBFAL”.

3.2. With effect from the Appointed Date, all the said liabilities of the Transferor Company shall, without any further act

or deed, be and stand transferred, to the transferee company pursuant to the applicable provisions of the Act, so as

to become from the appointed date the debts, liabilities, duties and obligations of the Transferee Company from

the date provided always that the scheme shall not operate to enlarge the security for any loan, deposit or facility

created by or available to the transferor company by virtue of the amalgamation and the Transferee company shall

not be obliged to create any further or additional security therefor, on or after the amalgamation has become

effective or otherwise.

3.3 With effect from the Effective Date, and subject to any corrections and adjustments as may, in the opinion of the

Board of Directors of the Transferee Company be required, the reserves of the transferor Company will be merged

with those of the Transferee Company on the same form as they appeared in the financial statements of the Transferor

Company. In other words, the identity of the reserves of the Transferor Company will be preserved at the hands of

the Transferee Company.

5

The difference between the amount recorded as fresh share capital issued by the Transferee Company on

amalgamation and the amount of share capital of the Transferor Company will be reflected in the Revenue Reserve(s)

of the Transferee Company.

Further in case of any differences in accounting policy between the companies, the impact of the same till the

amalgamation will be quantified and adjusted in the Revenue Reserve(s) mentioned earlier to ensure that the

financial statements of the Transferee Company and reflect the financial position on the basis of consistent accounting

policy.

4. CONTRACTS, DEEDS, BONDS AND OTHER INSTRUMENTS:

Subject to the other provisions of this scheme, all contracts, deeds, bonds, agreements and other instruments of

whatsoever nature to which the Transferor Company is a party, subsisting or having effect immediately before the

effective date shall be in full force and effect against or in favour of the Transferee Company as the case may be,

and may be enforced as fully and effectively as if, instead of the Transferor Company, the Transferee Company has

been a party thereto.

5. LEGAL PROCEEDINGS:

All legal and other proceedings by or against the Transferor Company, if any pending on the Appointed Date and

relating to the said Undertakings, its liabilities, obligations, duties and covenants shall be continued and enforced

by or against the Transferee Company, as the case may be.

6. CONDUCT OF BUSINESS BY TRANSFEROR COMPANY TILL EFFECTIVE DATE.

With effect from the Appointed Day and up to the Effective Date, the Transferor Company;

6.1. shall carry on and be deemed to carryon all its business and activities and stand possessed of its properties and

assets for and on account of and in trust for the Transferee company; and all taxes and duties paid and payable shall

be deemed to have been paid for and on account of the transferee Company; and the Assessments, consequent

demands and refunds if any arising out of assessment, provisional or final, shall be deemed to be and/or on account

of the Transferee Company or losses arising or incurred by it shall for all purpose be treated as the profit or loss of

the Transferee Company as the case may be;

6.2 hereby undertakes to carryon its business with reasonable diligence and shall not without the written consent of

the Transferee company alienate, charge or otherwise deal with the said undertaking or any part thereof except in

the ordinary course of its business.

6.3 shall not, without the written consent of the Transferee Company, undertake any new business.

6.4 not vary the terms and conditions of employment of their employees without the written consent of the Transferee

Company.

7. TRANSFEROR COMPANY STAFF, WORKMEN AND EMPLOYEES:

All the staff, workmen or other employees, in the service of the Transferor company immediately preceding the

Effective Date shall become the staff, workmen and employees of the Transferee company on the basis hereinafter

provided:-

7.1 Their services shall be deemed to have been continuous and not have been interrupted by reason of the said

transfer.

7.2 The terms and conditions of service applicable to such staff, workmen or employees after such transfer shall not in

any way be less favourable to them than those applicable to them immediately preceding the transfer.

7.3 It is expressly provided that as far as the Provident Fund, Gratuity Fund, Superannuation Fund or any other special

Fund created for existing for the benefit of the staff, workmen and employees of the Transferor Company are

concerned, upon the scheme becoming finally effective, the Transferee company shall stand substituted for the

6

Transferor Company for all purpose whatsoever related to the administration or operation of such scheme or funds

or in relation to the obligation to make contribution to the said fund in accordance with provisions of such Schemes

or Funds according to, the terms provided in the respective Trust Deed. It is to this end and intent that all the rights,

duties, powers and obligations of the Transferor Company in relation at such schemes or Funds shall become those

of the Transferee Company. It is clarified that the services of the employees of the Transferor Company will be

treated as having been continuous for the purpose of the aforesaid scheme or Funds.

8. ISSUE OF SHARES BY TRANSFEREE COMPANY:

8.1 Upon the Scheme becoming finally effective, in consideration of the transfer and vesting of the undertaking of the

Transferor Company in the Transferee Company in terms of this scheme, the Transferee Company shall subject to

the provisions of this scheme, without any further application or deed issue and allot:

4 (FOUR) equity shares of face value of Rs.10/- (Rupees ten only) each as fully paid-up in the capital of the Transferee

company to the “NCL SHAREHOLDERS” for every 5 (five) equity shares of face value of Rs.10/- (Rupees ten) each

credited as fully paid-up held by them.

8.2 (i) Transferor Company holds 2,25,450 equity shares of Rs.10/- each fully paid and 3,60,800 equity shares of

Rs.10/- each, partly paid Rs.2.50 per share of the Transferee Company.

(ii) On this Scheme being effective the said equity shares held by NCL shall not be cancelled, however the said

equity shares be transferred to and vested in a trustee to be appointed by the Board of Directors of the

transferee Company who shall hold such shares for the benefit of the Transferee Company and for sale

thereof as directed by the Transferee Company at a fair price after obtaining the valuation report* and for

payment of net sale proceeds thereof to the Transferee Company.

*Added as per Court Order dated 30/12/1996.

8.3 The Equity Shares of the transferee company to be issued to the shareholders of the Transferor Company shall rank

paripassu in all respects with the then existing equity shares of the Transferee Company. The equity shares of the

transferee company to be issued to the shareholders of the Transferor company would be entitled to dividend,

ranking in paripassu, to be paid or declared by the transferee company with respect to such financial year within

which the effective date falls and for the subsequent years.

8.4 For the purpose as aforesaid, the Transferee Company shall if and to the extent required, apply for and obtain the

approval of the concerned authorities including R.B.I., for the issue and allotment of equity shares by the Transferee

Company to the respective members of the Transferor Company, in the ratio aforesaid.

9. DIVIDENDS, PROFITS, BONUS, RIGHTS SHARES:

9.1. The Transferor Company shall not declare any dividend for the period commencing from and after 1st April, 1996

without the written consent of the Transferee Company.

9.2. Subject to the provisions of this Scheme, the profits of the Transferor Company for the period beginning from 1st

April, 1996 shall belong to and the profits of the Transferee Company and will be available to the Transferee Company

for being disposed of in any manner as it thinks fit.

9.3. The Transferor Company shall not issue or allot any right shares or bonus shares out of its authorised or unissued

share capital after 1st April, 1996.

10. APPLICATION TO HIGH COURT:

The parties hereto shall, with all reasonable dispatch, make applications under Section 391 and 394 of the said Act,

to the High Court of Judicature of Andhra Pradesh at Hyderabad for necessary dispensation and sanctioning this

Scheme of Amalgamation. Upon the scheme being sanctioned the Transferor Company shall be dissolved without

winding up.

7

11. MODIFICATIONS/AMENDMENTS TO THE SCHEME:

11.1 The Transferor Company and the Transferee Company through Board of Directors may consent on behalf of all

persons concerned to any modifications or amendments of this Scheme or to any conditions which the Court and/

or any other authorities under law may deem fit to approve of or impose or which may otherwise be considered

necessary or desirable for setting any question or doubt or difficulty that may arise for carrying out the Scheme and

do all acts, deeds and things as may be necessary desirable or expedient for putting the Scheme into effect.

11.2 For the purpose of giving effect to this Scheme or to any modifications thereof, the Directors of the Transferee

Company are authorised to give such directions and/or to take such steps as may be necessary or desirable including

any directions for setting any question or doubt or difficulty whatsoever that may arise.

12. SCHEME CONDITIONAL ON APPROVALS/SANCTIONS:

This Scheme is conditional on and subject to:

12.1 The sanction or approval of the Authorities concerned being obtained and granted in respect of any of the matters

in respect of which such sanction or approval be required.

12.2 The approval to the issue and allotment of equity shares in the Transferee Company to the Shareholders of the

Transferor Company in accordance with and subject to the provisions of the Scheme by a special resolution of the

transferee company pursuant to Section 81 (1A) of the Act.

12.3 The approval to the Scheme by the requisite majority of the members of the Transferor Company and of the members

of the Transferee Company.

12.4 The requisite Resolutions under the applicable provisions of the Act being passed by the Shareholders of the

Transferee Company for any of the matters provided for or relating to the Scheme as may be necessary or desirable.

12.5 The sanctions of the High Court of judicature of Andhra Pradesh at Hyderabad under Section 391 and 394 of the

said Act, in favour of the Transferor Company, and the Transferee Company and to the necessary Order or Orders

under Section 394 of the said Act, being obtained.

13. EFFECT OF NON RECEIPT OF APPROVALS/SANCTIONS:

In the event of any of the said sanctions and approvals not being obtained and/or the Scheme not being sanctioned

by the High Court and/or the order or orders not being passed as aforesaid on or before 31st March, 1997, or within

such further period or periods as may be agreed upon between the Transferor Company by its Directors and the

Transferee Company by its Directors, this scheme shall become null and void.

14. EXPENSES CONNECTED WITH THE SCHEME:

All costs, charges and expenses of the Transferor Company and Transferee Company respectively in relation to or in

connection with the Scheme and of carrying out and completing the terms and provisions of the Scheme and/or

incidental to the completion of amalgamation of the said Undertakings of the Transferor Company in pursuance of

this Scheme shall be borne and paid by the Transferee Company alone,

8

IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESH AT

HYDERABAD

(Original Jurisdiction)

IN THE MATTER OF The Companies Act, 1956

AND

IN THE MATTER OF Nava Bharat Ferro Alloys Limited

AND

Nav Chrome Limited

COMPANY APPLICATION NO.174 OF 1996

Between:

Nava Bharat Ferro Alloys Limited

having its Registered

Office at Nava Bharat Chambers

6-3-1109/1, Raj Bhavan Road

Hyderabad-500 082

rep.by its Executive Director, Sri. P.Trivakrama Prasad

…Applicant/Transferee

REPORT BY CHAIRMAN

I, A. Rajendra Babu, S/o. Sri Ankanna, Advocate, aged about 34 years, Resident of Hyderabad, appointed by this Hon’ble

Court to preside as Chairman of the meeting of the members (Equity Shareholders) of NAVA BHARAT FERRO ALLOYS

LIMITED, summoned by notice served individually upon them and by advertisement in one Issue of Indian Express (English)

dated 12-9-1996 and in one issue of Andhra Prabha (Telugu Daily) dated 12-9-1996 and held on 5th day of October, 1996

at 3.00 P.M. at Green Park Hotel, Green Lands, Hyderabad do hereby report to this Hon’ble Court as follows:

1. The said meeting was attended either personally or by proxy by equity shareholders of the said Company (Nava

Bharat Ferro Alloys Limited) entitled together 41,20,659 equity shares of Rs.10/- each.

2. The Scheme of Amalgamation was read out and explained by me to the meeting. After I read out the Scheme, the

members present in person discussed some clauses of the Scheme and the Board of Directors were called to explain

the same. Thereafter, the Scheme was put to vote.

3. After the resolution to approve the scheme was put to vote (by the method of PolI), two scrutineers were appointed

and they have supervised the poll in my presence and submitted their report with regards to poll result.

4. The said meeting was of the unanimous opinion that the Scheme of Amalgamation should be approved and the

result of the voting upon the said question was as follows:

9

5. As the resolution approving the scheme of Amalgamation was approved unanimously by the equity shareholder

members present and voted and the following resolution was declared to be carried.

“RESOLVED THAT subject to sanction by the Hon’ble High Court at Hyderabad a Scheme of Arrangement in terms of

the draft laid before the meeting and for the purpose of identification signed by the Chairman thereof, or with such

alteration or modification thereof, as may be directed by the High Court, between the Company and its members

for the purpose of Amalgamation of Nav Chrome Limited with the Nava Bharat Ferro Alloys Limited be and is

hereby approved”.

Dated this 7th day of October, 1996 at Hyderabad.

(A. RAJENDRA BABU)

Chairman appointed to

convene the Meeting.

The High Court of Andhra Pradesh HYDERABAD

C.A. No. 315 of 1996

Application made 31-12-1996

.Application returned ——— 19

Application represented ——— 19

Stamps called for 8.1.1997

Stamps deposited 8.1.1997

Adl. Stamps called for ———19

Adl. Stamps deposited ———19

Copy ready 8.1.1997

Copy delivered ———19

Sd/--

Section Officer

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of publie intercot, It is also uubmitted th~t whil~

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<j.l.v.i.n.-:.1 t~lt' ~~art.lcui.dt·G o.t t:.h··,~ O'.It.:;;tancl.i.nsl du.G-1) t.:.t:.

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.· .1· :·;..,.. •.· .' .. :. ma.nnr~u~ prejud.tc_i._al t.C:> tha 1ntora::;.t.s o£ it.:;;. ml..i.~ml;.E,~J.~:ii

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. . ..•. ),:· ~ ·.,:·, .... :_.:, ·• . ....

t··· ~::red:itox.·u of tho trcin.Sff.i"l:"or comp·r\tny.

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or <.\rl'l.~l~F\nHtt...i.on. is WidGly adV';;:!!rtis~d in nCH.O P·.!l~r:H .. ~S ' .,

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11 Y~t. a.not:.h:n· o;:.:t:~.'.nH)d ~>i: C:.lbjac.tion ;r."8is·~~d by

Ml'."'. !::iWi.llHidur; ~:d.~ t.haugh f'ec.bly,. v.·as that not.j,(J(,!

shot.~ld have: b(}O:'l.- g.1v~u1. co th~:: c.::.·,:~d:t.t_(.)l:~S of. thl.i1

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t.W>J G~Jm~;)C.:t!;\L:-;G, II; .i.S n:}t. di::;~,:J\.lt:~d by t.h·~~ l~al.-n.~~d

f~ t:...:H1ding · c::ouns~~ · ~:.:H.". theC~nt. r.'.J.l GOV(H.~l t:11e,1t. t.h ·.'1 ~~ t.h'.~ P'~t,i, t~.ion2' hdd b';!(:n~ wid·~ly advr.:.rL.i.~;-:-~d in tho

~\).:Ct SL.(.";C?f."gC .\~~:ct.t;.~e. ·On H<lY 3lr 1978, J..n

N'a.va. Indi<)i on. l"\·,,y 4-t 1978, ~ll~·)d in T:n~~ .Hindu

~:m M.~~.y ~~ 19'Jd. n~.~=.~p.it..c th-~ £<let t.li·!:I.t th:~.!:

p.;!tit.ioti.-3 h·'3.va b•]I...'H\ _r,..•.'i.d 1~ly adv(~rti!:.i·:td no sha.n~

tJ·:,illdHr: or c:H:·'~o'.~d:i~:)J." 6£ t.h~ compilny h·1d (;!'.)flJLi~ .:,.nd

(>bjcct·, .. ~d t.~ t,h3' ~·~unction bf;;oir)g aocol·r~V~d t~o t:hr~

(1) 1980 ~:omp .. C·~seg (Vol .. ~O),. 02::S (2) 198:J(~cd) Corn.c.,.,,. ~n (3) 1995(84) Comp.Coam~ 231

f.l.l:'opot:;(H1 schc-m0 ('>f a.ITt:llg.'lm·:J.t.ion. lt. j_r:;

st~.tt.i?.Cl_ on b(i:<hcl.l.f of th.:i.l p(:.~t1ti 1~H):,n:~s t.h.-~t.:.

t.ht1 Cent.r:o.l D.3n'K Of In.Jiu is o. nt·:ljor cr~dit~r

of thr~ t.['a.f)Sfl;."r'<-~u~-c.t~m?.i.Hty. :rt J.s :..~.irJn.Ui.h:::anl

that. tl:.ie; bnn.l{ h:l.O not. com3 ~:· ;Jn-.•.:::lz:'"d to o;];.ose ' ' t.h7.~ •:t:'.lpl.i.c::~:ttion..; 1:1..:. is i:urthfd.t'" Stf.\t,~:;:d .i.n t.h~

Lldd.itionnL .r.eplyi: a£f·J1.1:4v.it iln.(3 that 1s not.

c~·>nt.rove:r·t·~d by :tho l<. .... u.rncd Ot.Ilndi~l~ couuacl f;~r. th<ti!C(-tnt.r~tl. (rl..)VH:t~n.lMHH. th(;~.L p~:r:'.~r.mS Lo l\'h~)ffi

I moneys: a~e due

t.o tlv~ ::.lch~me.~~.

t.H1der. det.er.t·cd ;)aym~~t have coua:·~nted

Fu.!:tl'Hi;\.t"~~" all the cr~-~-d.t.:.or·s.

s-~cured .·\nd un!.Hlcu,red, b'~'C::)aH::: Cl."~~-i.i.~;Ot'5 ~~£ t.h.:.:

t.x.~uns£r:rc,~· ... co!op,"uy "'•h.Jch in •"ldmittodly strvngar

<:h?mp~ny :fx:-om the f.l.na:·H.!.L).J. p,;,int. ot vi.;-w.

'l''h~ .l..cai·nztl ccu.n~i.!!:l wc1o 21ot ablu to <:~onv.ince

th·::! cou.t"t in .,..,,rfl.t~.t mi-lt.Hh.)r.·· tlH:~ l.H:~h<.mh.~ o.t a:11alqama.t..i . .)l'l

..,...i.l.l. J;)e prejudit..~ial to t.h~ <..:.).t'~d.i.tor.s t;lJ the

COill~).~f'ly. R;l,ghl.l.y. tlH:H.~:~f'Ot'f:~. Nr.Sw·nm.i.du:ro..t did

not pursua. t:his C:j.ntont.ton £"urt.1".1•.:";::. '1

;

D:!:lhi HiQI"I Court in Tt=:L~SOUND INDil\ LTD ca!.5e ( 2 sup.r<.i)

·which reads ~"\S follows~

1'~tl.v:d.:.b:.::l.- "Lll(:.:. .cl;1~d.lt"~:.}j.::5 of '.':1 tL'\·~;·IHil:·:iUt>C .r.:om;Jany .. .. ':'/].:£;;(:{:@:·l,i\(;?J. : ~!id.:_·an_Y :-",q.~~?,';~-".>1.r;·so..~~S~'l9:Y~~g J..n_t.erea.t. ir1 the ··"·

. t.l:"a:1sl\~_:-_ ._.~.;·-~~--_· __ ·._c;_~~Pr_n_:·_ y ~·:._ .. ·:.o_: '_·.-._·::· ._,_·:.ri,t. . . e:~~~tad. ~-n "i. t.s 1,us.::. .~"l:~~c9 aas~t!i o.r·\·any.·cfntract .;w.i.t..h J.t.. c,t:h~:t.r:· than tha- 1·.1:.

·n,~,~mel:.}r.~· ··~f ·.:it., ·w'r:rJr{l!:··.e~~·~.i.'~·l\'!d 1~0 vv~~e-, o-n .:1 nr.~l1o~t;. for it.u .;...rn<tlgdJj\,~l":.ion w.ith .::~not.he:r:·. by V'i1.:tue:

of Che ;facrt. t.h.:-l..t on flll:nalCJ,:unnt.~.1.vn. t:h:,d..r. :i.ntm.r.~H~t-"

may .i. n SO)'n:2 wily be B~..f: f: ec:t.c:d.. J.n ':;hat CH1

they would u.H h" coop"llcd to d"'·'L .i.n . I •

.)m!::tl. g<"lfnil t..i on

51..lb.<;:t.it.;.u t:ton

oi: the tr.a.nst·~.r~c..-oomp.!!..n.y. :h•.ith tho >1m~lgnmat.cd

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,o~--.ax:·z;·_a~-l9(.:mt:tnt. is ~:~it.b.er i'..)eth·e~Hl a. c.OJnt.·->an.y or

it . .f> ,or·(~dit.OL'.S or l:.~~t.WrJ?on a. comr)a.ny a.uQ. its

· .. ,-amalgtlUlhlt.i.:Jn i.u t.ho ,x·ouul t oi •.u1 a;]:t:·,.~eman t.

.. ~two on ti:lt:: <lmalgamat.tn.-·J .company .::1n.d lt.1:>

·.me:ml:>et'!J ~ a.s w~l.t <1.1~ d C.t;Jt'l"i':.~::>pondinJ;;) ~~g.r;··~:~(~rn1;;nt

b~ t.WiiHH'l Li"H~ t.r iln.s:f-~n··.":.l~ .. ,·CV;n~:.8l.n.y and .i.t.s memb;:n~~:;.

aad tJw:o;-c i$ ~ thot"of~"re, no ;)rov 1siuli :t>~'r ;:.he

pi)'J.rt..ic.ip.lt.i.:Jn. a;-)f p-.:!rsot.~s ot.het· tb<l~l t.lit.:o JHl~H~\.bo-.r$i

of th~ t\P~:.J comi:><J.ni~.H;: to vote,~ on. :-J.'O t:u:·t:·;U'liJ~~~w.:~n.t

c~>r•\.J~~ny .:1nd

<>£ ln:.ia

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Vll.. As.i tk\y~)~.; P1l1tct .. (1974)41 Com~·C£l[j0s.359 (~),·:d··d.i),.

l: hr.1ct an ·.>c .• ~.=i.:,;.f.;)n, t.o c.;,..;)Ll:~id-~.t" tht'l :r.;cht'!t:\·;~ r..:>l:

p.t'ov.t~ii.H"l·-:1 of t.tH·.: ,;c:t;. of 19.1.3, c.}l;'t'G~p~ndin.q

t~J S~J.39l tJ :~:;4 of. t:.h1~ pr.:~lS1'li'l.t ;;.ct • .ln. •'l

~l..ight.ly d.iffl·:!rent. cont~\lxt -\~n·J. had po nt.·..;:d out.

l;.lh".LL r..lt}u:>l~:.Jh th~.;l' p:t",)Vi.sJ.ons cont..:t.:Lned :ln Chap. v

o£ t.hc p1:~::s:.\n<.. A(~t., :l.nt. ,-!.t~ d..Ll.~l.~ wil.h r\;~~Ja;cc:J t,o

oo:npl.~om.i,$1;! or ~'l.rr~Jn!J(~II1r..".:nt i;."\nd r.ccons.tl.'"\lct.:L:m

·. t:>£ co:np·ln.ier;; w~r.;e d. co;·la.i.~lera.,lli..=t itnpz:'oV~!;:nenL en

th~.":H;!<Ol.~.t'(:.;l~,;:p:.Jnd.i,!9 ~:,rt.Jvi:)l_n.s in t\Ht (:n-:·~vi·::>US Act ::n'ln

a l'l.UL~lb-"...r o£ s af .;.'H]'I.I..:ll:d:J hn.vo bo,;;.n p.rov idad"

uot.:.\lbl.y by tho i!l'OV1~iol.'u;: ~·.)f s~.392 and 394 K. an Y

m~n"ly ~l.ppJ:•l.rt:i. t..o exi·st. in tl:\:~ ~ot j,n.;l~Hnuoh as th~~ cr·.~d.i.1:.or3 o£ tho t.~·:msfe.t'ot:···cotnpan.y wh.h"!h

is t)•:::=ing .,..::s.:n~lga.\na.t~ .... H:1" Vt·:~r""~ n·.1t MnL:i.tlt~d .:r~::$ o£

Li9ht. •'11.:. ~'l.k'lY stJg·l~ to pa.rtic ... ipiltC i.n th\1 pt'<.)C ;!JS

r.)£ lhe I;~On.~~idti~r'<H.ir.'Hl ,-:ft.' ti"Hl St\OCt.i..Drl Of any

. nompr:oooi~.n O.t:' a.r.ran.g·~t;hH)t. pr·0pr)~Hid b~tw·,~en th~~

OOilll:'<lny '~lnd .lt~~ nH~n\'tku·s" '"hich rf\{)y r:ventu.J..l ly

.t''(':Ha.U t. .in Lhll atnlllq·:\m.;\t.j.on oJ~ t.h~ GO\npany

by il.~~ i).br;orpt:.J~n in u~~-~ (Jtbt·:!l~ or by m.er~r.~r

or the t\..;ro to cn~at.,:~ t.hc th.iro..1~ .. .i'hare..J:E........I1.<2

provi.s..L:.1n 0:! l"l~:~t:".i.e~ t.h~iH.:::l.·\~ditor~ uf lu)y

£~~2-..~.~r:)c.acdingD rlt any ct~_'J:qc, (Li,th·.:-'· p:rlo·.t·(o:~"lpl)..":\:Jis

lo t.h{~ fnak:ing of: th~~ ut~tl-lf.t.~ or t';ubsC!qUtH1t suppliQtfi)

t.ht,r;et.:.o, o:xcapt~ in so £G..t" as the c.r."~'~dit.olnS may

hnv~~ n.')l;;.ic~ ox it by p1..1.bl.i~ aUvt>~:cL:t~HIIH:l!nt.:. ..

al Ul..ou~~h t.hJ~ crQ.(U..t:orr:> o:t: .:::\ <.~ .:}n'l.f)ilnY • whic.h is ' 50\h,.)ht.. tt'.) be: m~:::.~:·g~d i11 t\1'1::{ ot.h(>':r ~ ~~nd com~:Jl,';t.~·~.ly

ahr.;.orbc.ljd in.. t.l")o .lr-lno£.cr.ce-cotnpany wcUl,4..,.by

th:::: ~.)t'CIC!:~SS of <lll\tlli;J.~;nat.J.:Jn, })~ C~X<1~A..~.ll1..:!!d to

dt~:,"\l with and b~.;~c.-:o:N·n~ th~~ c.redit.o:t'·:,j of <:SU'H;;.lh~r.

t;;.;->filj')ilOy,. who. I:.:Jl.::l r t.hc- cx.i:;; t.in9 com:Jany or. il

now cotnp<A.ny-~ th~o.\t. m·'l.Y como j,ntt-; exl•:~t(HlCC ~

C:,W\~n \:.h:-.tu9h t.h(t c.:..:·edJ t:. Jr:·~:• t."lr ;!'; D~!\ii! of •..::.h~'~m

nny h!lvq h\'1d no deo.l .. inq$ ,d .. th HuGh new (·,•ntit"y

tl:)d m i!l.Y hu.vc ~ t.Hcr,;.~i ore~ no conf:i. d.;~ nee i~l

I :,:;.t.il J. hc:d .. d t~hat. vir;,•T.oJ. t•

Itl H:\'fATf .. l\I.. J:.i>Jt~YJST::·a~s Case {3rd sup('t.\), tho

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,, "NAV GHfHJJ1r.~ t.HH.JED" <h~r'tiinrJf·tcr n~f~·~·~···-~.:: to "'''

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1.::'.1 _"Thei r:".pf•o:i.nl...t!d D.~y'' l'ftiO.lO.\Ii1; 1V;t t~r·ril, 1~191.~.

·l.t::~ ''l·h,~ F .. ff1~t.·t,lvt~ Di.>..t~~·· m~:~•::\n~-i tl"ri~ J,•Jtc nr1 l·li·,ic/·,

Yi1'~tin•) tiH~ 1.J.ill'.li~I'1.Ak)ng ~nt.:lw:ISn•;J t/•1::-'

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inr...:Judt1 cd l :,h:,•.

t:W tho 1"i •:>,~t .l f."1n~~) ~nd te lf.~phrJn~;.>~~, tol f:'l)-:1).;., f;~f. '11' i. ).f~ ~·

bnnt'fi(,G tl-1' o.\.1

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propr.~r-ti~t'i po\ .. •r.: r·

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Eh<-~r('htll.~i{.'r<.; 11 fll{l:f:Ulfl l;'i

rr~g.i ~t~l"l?d

of f,hc~ T'ri\n~f~>l"t~o Cr:llllf.·.,,!)}' "I':'

~.lnde r

'l?/[.~ .tl~·,dt~r· the ''~"~cnt·~ ''Nt-\"''•~l l:{~·~.·~.r·o,·t. r .. ,,,.,.,.,

~ ·. r 1,1

th~.· Cor~I(.J.'·~ny. Tht~ 1'J',:.:~7~ 1..ifi.~l"t~'~ Cor!'Jf,•,~.l~Y 'hr.~:~ :1 :,·

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....

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Comp<>ny ~ro ~et out 111 its

<".3

day ' . ' ). ·"'· ' ..

n ,, . 4, oo , oo, ooo di.vi.dt\'d in t n · ' 40 ~ 00 ~ 000

Equity S!l~rQ~ of Rs~·\0/- o~ch and ttle P~lJ-·&Ip •.. ··r .

con~istii\Q of ~0,07,800 ~quity 81\~rt~ of A:~.·IO/

~~lcl\ _fully p~ict-up ~nd 2.200 Equity Gl·1ar~~ of

l.hf.l ~~ppOil1t!~l.l i •',

n. •.i - ·1 ~:). ~"Hl; {)~) '000/ ~ divi.ded. · i"nto ·~:,o,ooo

of

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With (lf1

(-1~•poiri"t,ed l)~"l,.tf!, tt·.~l? !J:f'lclP/'"t~l::in•~jf.; (j( th~ 1"r-'"\n~:;f~~l''~il'

,,(!D~p~ny shall be tr~11~f~rr~d tc) ~I,J Vi•~tqrl il"l n1•

,Compt1ny pt~~!~U~~nt, t,u th1:·1 pt~:'lvi.~i.Dn'J:. of Ef~ct1~.m :r:·tt

,~nd Oth~~~- .;~.pr.•ll.co.bh: pt'~}Vi~~t.Ht!=> (').( "L!"\~ f'lc·l,, ).II 1.1~~·.',

"I ~~n 1; ;_ r r.~

d.f:flt•.Jt~ry,

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\ (, '' . p,·ovi~j.OI,U of tt\e t{.\

r r'·om d ···~ ht '•• '

l, i,::\J)~ l i \iPS,

aV<fA \. l at·lle

,., .. ,. ,, .. •J .3

( •' .,. opini.f)n

,'.\114\'~\f n 1.

c..:.1 p-it;).!

L:olnpi'\ny 'Jn ~~Jhc'I.'J'·I't'.:~! . .i.on .-;~.nd tJ·,,~ r:ltlll.',ttli'!. ,nf f ' ;, '. i . '·~

I .,\ f:' .1. t i\ ~ or ~d I i

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i.l'l ·~· :

rur'l.hl~f

.·.j~

t.he "rr-.:m~,'f~l"~e ··Conq)~ny·m.11d r-efl~r.t U11·~ i n.~ I• I" 1 ;l_ ::

polic:y.

'I ~·. i:j.>NI),UH;J.G.,. J?..EU!b. )lf)ND!.ii B!il?. IJ .. I!i\iJl. Jb!ll.!Ji\!1:1C!:ITG:

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',:f't\i.~:UY£ , P.0If ·

_r_)J),.,,

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•,'·

trusL for the Tr~r1af~ru~ Company; and

. •'' 'p.~id ,·:·.:·~or ··;t~\nJ

·l: ' C()mpcilly,;.

e~lry·~·Q'~lu~nt d~mr.\nd~·:·~nd nHu·r;·(.i·~;: i.f.'trwy, ,\\risin::~ (",lt.il:,

,_ :.1, ,,· ,·': .• ··,_:~.:/ ': '. I ,

n.f·~-~:.!1~1ltr._r.o·;HHlumt 'P~OVf~~on,·il'·o'r firh:Al; ';;i-1-u.\ll bt-l

'·,;

by it I . • . ' . ' : ·~ . •'

Gh~ll for all pur·po~a~ b~ tre~l~ll

i. h (~ :_;,

6,~ her~tly. unnort~l~e~ to C3fty on it~ ~u~i!,e~~o~ wit,h

ror:~.t;.tJt't.:.:d:d.~r~ di.litJf.!"llt::l~ · ;~1d. \:ihi~ir n·r.tt ·withclut t.he

1. r·1 -::1 Cdinf~··:".l.\\y

I;)!'Jin.;,~,r-y t:ill,ir'~;EI of ll..~ bu~j-il"l\·)'"i~-i.

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t~}·].'·t.hr~· ~~'t;.~ff, 'wor,l~men 1)1" othr,..r cmployt?-~'ii, 1n th 1}

P~'t3'i"..:tld).t1tJ the:~

~t1'1f'f, \NOr'·j,:ll;\:-1·~

·,; ;·:

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<-lirict ~mpl.o.yl~iH> of· tt~c-

7 .. 1 Th~ir S!.!rV1C~~ ":'~1~'i'lll b~ dC!P-tJH1od to hd\J"' tJD{~n

~onti~''ou~ ~nd 1~nt· t\~vQ b~a,, illt~rt;upt~d Ly ,-~«~~~~

of th~ s~id. ~~antler~ .•... • ,. ::. :·· ·~'; ' •••. ' • ' '' '·.' 1 • .... _.

· .. ~~eh !!oti;~.ff~ woi·kmcn· ··LH'"- r~mploy~e~ 1,-d't.r.:-r·

tt-~Al:;f~r-' ij;.f'\.'111 not''i~-i i':lrly w.~y L~ l.~s:£~ fllvowr-~·:'l.l:de •. , .. ; ,,I.' ....

-t~·-thvln·tt'~'' thus~ 8Pp1Sc~l~l~ to them imm~diat~ly

··-~;.r~-Ct;~din(.J thc.T..r'!ln't.lfi!r'. ,.,.,

, . .,. ...

P,_rov.tdtH'I_t r· .. ~tnd.t,,;a~~tuity r:und. Supe?~·anlHI~:'ltfl:ln U!~l,i

P;.1 .:::m .. .Y .~.lht!r .... s.P~_f:l.al ~·und cr,~<·lt~d or 1?-;~i flt~n9 f()r ·' : . . : ~ . . . ' : . . j

the bent-~.f it o{ thf.l" ':':il.~f( t wnrk1n~n ~nd fH'Iq~loyct\•;, or '; ...... · .. ::,,.. '.'. . ' ..

. t.~:~:~ · Tr·.:;U1~7-rft~l·c:-y Company a.r·t.'!- tont;""r"ntl'd, upon Ll~1:•

Qch~~~ becoming finally effectiVD, th~·· T~8n~fRr00

Cnmpany fo1· ,:;~.ll purr<(:H'if!,_ .wht\t~;,H.=Ver r~l<;\ted to th~:~·

·~dm~ni~t~ation or opQrAAtion of ~tiC!\ Sch~rr~e o!-

.-.·,,. to tll~ said fund in 'n~~ut·d~nt~

' of '='!.H.h,.Sr.h~m~:~'!'- or i-und~ {I.Ct:Ord~r,~)

•· .. ·r.

•'

·.,··

1.: ,. --~ d •

. C.o1npr.'I'IY in rt~I_."J.1;.iorl .t.cJ _:;t~c.h ~~~~hf·~rt~e~~ t'!t Fc1nd·~ ·'·.h.;-:>.\ '.l

i :_ '' i) f"

t~~~ Tran5fcror Compar1y wJ.ll ba tr~~lud o~ ' ' . . :

.•• r ", •· 1, j ,':l: .. "!

1\ • L.!i\G.\ifr: LIL f.l.tJ£1Jil;:p, D..'!'. l'!..fl!:!.\i!:'.l~fW I~ £.\JI:lf:'lttiY ·'· I

ll. '

ll ·· .• <:.! .:

undt·~l"'l.:.lkin'J

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.b\ 5 · +' u 1.1 y p.:-~ i d u r · h (:\1 d by·. t h f:..rl~. , · · · / ). .. :.-· .....

f ,::-, f," ~~

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Tr·~n~fQr·e~ Com~~ny and fur 5Al1l tll~ret,·r 0~ A,J ,. ~ ~~.:::;.,. .. p:;-. h-(.. .,.~(~-J.-~ e-{~0- t:-~..,.__;-. ~~.t' l~h.. v .... .(~.,. l:_·~·-1 Y ~-.. f'!.tr)-~1 ~

,;;c"cl.~d by l.hf! Tr,,,,,foroo Co"•f"'"',('"''i f/] f·•'·'>'"'"n\ ('1:) i ~~l~ ~roc~~d~ ther~uf .to th~ Tr~n~r·~~-~~~ pet

Comp.f.~ny~ -~--------~-.

<:ornr..any .-. · .-· . .-·:r: . .-.':-:/ ·

· t~il'l:~~;.1"1~}· to· bt~: l.,;~;·U~d- to· I~ he $hP..Yf:'hol(i~r-u . ' ;·' i -<:'. ·;_.;, ~-

Yranst~ro~ L0m~jhY'W6tild '.'' .. \+',.':

'l,.h!.!

t' r..1 r :::tnd o b t ,:_~ 'i. n

11

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by t. ht~

of th,;-

rll.v),d~~nd.

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'1. 2

·bt!ginl'lin•J fro1T1 Jo:st As~ril., 1990 ~t"tz~J.) I~(IJ.~·.rll.~J 1,~~ dfl·1 ·'

',1,1 i ) . .l

L"l 1· •.• J i, tJ 1,

/" ~ ~.Jh t.

wiLh a.\1

~194 ·· tlf 'the '~aid" Act.· ttl

f /.j •. -

T,Gce~~ary dispens~iion-i~nd sancti~ninq t.hi~ 8•:lle~11! . '. ' ': . ', .. . ::·: .. ~·;·.;:1 .· .. .'.\."~ .. ;·:~.·::·:·,'/'; \ ... ' : ' .

c.f' Am.al-).1tnat.i O_tl,.~~~.J~on_ :.tl~i~:·,ti~.h(H~(!:,- ,.':.~ l11g ~;:.:HI~.;.: t ~ n1l~1.i ' ' ' .,., '', '\ ·: •: ·.' '·' ,' '. .. '

thtl Tl"'i-'l"i5ft;ot"l)f" C()!l·,pa,ny sh.~;~ll be di1=,~~lll 11Cd IJ.•!H>~H.I'·

i ' ~ ..

·I 'I , ·1 . ·rh~ Tr~n~f~ror Cnn1pan~. a•!d th~ :t'ran~f~rDe , ·.~ ~.; ... :·: -· :·.~ ", ::, ; H

'I :i"!.

,., '

l,•,,j ··'''

•,,.

•..... ·; .. •,,

c l) r1d :i. '!. .i • .. \ 11 ~.;

which T,h(' Cnurt i..mLI./t,:.r ..t.1iy 1;1th~r ,·~ot.f·~t:~rit,·i,e~:, '.l~"~•.li:~r

m~y_otl~crwi~~ b~ cor,gid~r~~d \'l(~tQ~~~ry nr d~!~i,-~~J,) ' '

for ~~ttli11g ~rt% qt1P~t1o1, dr· dDttb\ ar ~iff~1;ul.ty

L.h,'flt n1dY ~,\I'~'Gtl fo,·· r:;C\t't')I,.11,J tJI~l. tht-1 Sch~nllC' <·u1d .. iu

All

'l ....

fnr··iJ.:pettl1.niJ ~ny· ~u~ 1;.tj,O'I'l (,Jr d1J1ibt ot"

~~h~~soe~~r tha~ m«Y Ari~0.

df

!'liHI~tioi~ Ot" ~pj:'I'OW:ll~: b(> r:t"~quin!_d" .......

t.hr.:.'

d'i.f'fii". 1.11 \ J'

I I"•

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, . . ·. :·

,, '•·· .. , 4 ..... '

thl'): At~t.

C\ l·' ~·· "[ I , .. ;-:, b I ~.~

i" I' ,:1 1 ~ ··, ,. • · ! · I,~ i''

!, n;.'.l

,\n thr.-

~ \ ' ; . .'· ' ' ... ~~~prov.!\lr., ··not bf:l:l.·n~J 'ot.:.u·~ined 0n1::li~H· th1·! 5chHif,~~ ,,~.11,

by the tiigh Court A~d/1ll'

""

·,pe.t"_:t .. od

·Tr·~n·H'~re~= C.omp~ny hy tt.'; THr.oc:tor!'., 'Lhi,:. 1 .:.c:~-·,;:•m•:~

_,,.,, .. ·.i:s.h0.l.l ;bc-~~~HliC' nu.ll ~).nt1 v·r~:i.d~

1 ~. \" ~ : ! 1, I

··-·

·'

;· ··<.I. I~·:-. f !·~ r· 1;! r

c•.~t·r y:J.n9

"' t I) ~I (, 01lli '·'.~.(l )-' ),1"1

•

( I

I

,.

IN THF.. HHiH CClUin OF ~VOlCI.\TURF.: OF ANllHRA I'HA!J('51-1 IH HYDERAl~AD

(Original Jurlodlctionl

AND

IN TI-T: Hl\1"1'l'::t1 Of" L.t.~.

AND

N•• Chromo l .. tmttod

C011f>A~IY r~Pf'LlCATJOt-1 1•10, H~

N~v~ ~ha~~t FQrra Allo~·~ Lim't~d havitlg it5 RQ~i5te~~ct Ofrjct ~t Nava Dh~r·~t c~~~mber~, 6ft,3· .. ···1109/ 1, RtaJ Bh.Iwr.tn HO.!..'d 1

Hy\11.1 r~ba.d"~~OO OS:?.: fiE-~·· by it~ ITxecuttve DirYctor Shri P~Triv~krama Pr~~~d

flEPQf/l BY CHAlR~IAN

... AN~1l i 1;'.,:\nt/ rr·at-.sft~ri"'f~

•~rv<~d individtl;').lly u~~on tht1m .::!.nd hy ~o1V10'tti'liP-IMtnt. il't

. P~M • .at Gr'E>fin Ptl.~~k Hot11-l. Grt~~\'1 1.~-1:\nd.,, H:>•der"'.b"-d 1:lo

h~r~b~ r~port to thi' Hon~bl~ Court ~5 r~tlcw~=

,., .. ,,• '

2.

1.

OF

tht:- ~.:.di:.t c~u~)~H·~ny'·<N8.v~.ah~H<*lt FQrro .t~llur~l L!.tllited) ;/

~nti tlud tP.\It~thJ:'I" ··~1.f0',639 ~\1U:ity ~:$-h~.)"C'T ~-r. jt_-~(..:·fw

eAd.

Tho St:herl'tlt of t~thalg{,\.ffi,l~t i t}fl IJ.I,~"J, (, t· e ~1(l f.I!J i r':l.nd

~:-:f·J~'\in~J by flcl~ to the uaH!'tin•;J ~ j':'j f t t) r· J I' (~,':'J.d I)U t

1 .. h.:! S c: I'• c-rrce ~ Th~ tl'to":.omb i~ ,- •,; pre :se1'1 l l<i p~r'Jion ,1 i '){',q-:t '.ll~d

UOfft~ C!f'..U~P."~ of' t.Jr~ 8dH:ml~ ..[:\~\d thH t'i~.h,rd of I

Di ro-c.t.ol''.1 C.:.,"\l.l~d to i!.l.Xp]A.in

two ~~r~stln~or~

~·nu-e a.ppoint~d .rind <:-,:·.ey h~;..v~ ~wp~r .. vt··~~d th~1 poll in ~ ·, . .,

my pr-"'t!li.l''t'IC¢ ..:.\nd !H1.braitte\i th~ir r(.HHH·t w.lth r~g<ln.1'!.

to poll ro•ult •

··~.tu:• ru-t.t~\t .;:)1"' the vct.ing l~porl lt·ctl:' '3·.'Ud \~uf.:'~.t.it"Hl ~o.~::~:o:;

·As rollvi.!.,~=

of

t·~oldcr m~ruL~r~ preuent and votect and ·thQ ,, fot }.~~win~J

resolltlion w~n declared to bG ca1·ried~

'; '

I '

.;_;· •· .:'· .

. ' ~ .

Caurt ~t H,Yt~CI"8b(l.d ~ k3.thE:'mf;~ uf Arro.n9Pit'l~nt i.n t~~r!~l':!: or th<~

d:t'aft· l~:l.d h~i"unh 't.h£!' rn~~ting ~nd f(H th~ P'-1~""1:'0"'-r:> ~f

Ll~lt~d wlth the Nava Bharat F~rro Alloy~ ~Lmltod ho and

<A. RAJ E:Nilr!A t<APll l Chw.inrt,'H\ ~'·PP~f.nttd t~ Ct'l'l'lY':',.ll? thn

·· M~~t1.ng~

\1' t\iy./\\\,\,_,t\;~·\.}J\.\:>t':/ Q~'l-. 6f1f"Et~W.1Ermffiil ' ( I ,-

~OPYtsl· ue:PAH'J'Mfi.~J1

HIGil COUR I OF fl. P IMVOE:RABAr

, ..

~,·

GA Ju .. o. diS /<JI t)

'-"'' .. l:·, j(~\

Tha Hi!Jh Court of A,db~a Pradush II Y D E f\ A II A D.

j.,J__, (!()

·c. pj.Na .......... ;:~~::;::::· ... of 19'76 /\ppll~atlrtn madt- ,,.,, •• ~~-'.!;;}, 2~;::•J'.f16 App\.ii.'.uir.lt1: i"~;l•l'll~''i ,., ..... .,, • ., )'.~

~~~p)kollil)u r.:w~l~rthl~ ........... 19 ·. ..,...\"·-···) ... ~. I·{·~)' ~) St"nllt. ~~:•tlii"\J f•;r ...... ,_,.. ......... ~

ftt.-1'1~~ d ()•)til~-r.L., .::-):;.-" J_:-···".~ 11'~ ') r\JI,(,, .• ,,Jp" t•,,ll\·•1 fm ... ""' ••• _ 19

A-•11 s~-l.n.p~ d.-.-~\t;Aii,~t·d<;~' '''j''' _,.J'l .• (l .. p·· r.·,~h· ... ~ _ ,.:...);;;·· ::;;·:-:~.19'} 1 (,;t1py dol~lfCI+~d.u •~· ••• ··••••h••••l9

\~\Lt"\~;[--··-"~!\'\

~o!'tlnn On'h)l')'

OFFICE OF THE

SECRETARY

THE STOCK EXCHANGE

lJav :; Bhc~r.c.t J<'erro .',lloys Ltc., ~~~~c:va Bh.r.rct Honse 11 ,

6-3-654 Sonu:ji[',t-08., Hyderhb<td - 500 482.

. PHIROZE JEEJEEBHOY TOWERS,

DALAL STREET,

BOMBAY -400023.

Tel. 272720, 272821. 272523

GRAMS: "SHARATION" TELEX : 0 II- 59 2 5 sn:x IN

We nck.nm..rJecige ¥.rtth thc1nks the recel.Pt of' yo,,r letter No. Secl/583;:/N:--bf'::J/SS or thr ~~9th ,Jnr.f', 19fi5, to;_:cthcr Htth the enc1o~"':'.'r~·, • nd ''"'"P ple<•s•-rP i•1 :.•.rlvisj''C "chr.t, ef'f'cctive fro"! the l0tlo. o-~ J,Jy, 198f,, n1er:bPI'O' of' the :Exr"<.nnp:~"> are o.llov!Pri to cJo b1.1sj "\ess ~~ t~e &:_ n:.t:. ~-3hR!"\P~ o~ ~r0,,r Cn~·-:p~~n:y.

The :-::n•_•c.}. s~-bscril"tion to the fJ:::Uy 0f1ic }J·l List j_s Rs.480 inclnsive of po~L;:.:t"~e • . -.. ~3 lto\·fC)VC'r E;~ 1bE;c:r=L_p~·.ions t:-trE.~ Heseptc(~ for the c::.len('<:· ye:::r onl~' if' yo•• cicsire to subscr:i.be to the Lhot, ples.Se .se1d ,., .;.:.~ 1-.einc the :31:hsc:ription for the period 1-8-85 to 31-12-8.':.

Onr strr:1peci recej~Jt for the Init1~.::.1 ListinE Fee of' Rs. 5, 000 fnd th0 . .,'!h1'c;.l Listinz Fee O'' h.:L2,000 for the yenr 1985 j::; enclosed.

Fn-:1:

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

MAHIN ORA TOWERS, 'A' WING, 1ST FLOOR, RBC, WORLI, MUMBAI- 400 018.

REF: NSE/CM/LIST/4119

Nava Bharat Ferro Alloyds Ltd Nava I3harat Chambers 6-3-1109/1 Rajbhavan Road Hyderabad - 500 082.

Dear Sirs, Reg: Listing of your securities

April 2, 1996

With reference to your listing application dated February 26, 1996 we are glad to inform you that the securities of your Company as per details given hereunder will be listed on the Exchange with effect from April 3, 1996.

S.No Description Symbol Series No. of Distinctive Regular of Security Shares/ Numbers Lot (paid- up Debentures value)

1 Equity NAVBARFERO EQ 5310521 1-5310521 50 Shares (10)

2 Equity NAVBARFERO El 4248417 5310522- 50 shares (5) 9558938

You are requested to mention the symbol & series in all future correspondence.

For any further clarification in this regard and for all related matters in future, please contact the Capital Market Listing Department- Tel Nos. 4935196 I 4960562 I 4935198 & Fax Nos. 493519814960523.

Thanking you,

Institutional Lot

1000

1000

Yours fai1ffully,

r~ Asst. Vice President

CM- Trading Operations c. c : 1) All Stock Exchanges

2) Director (SE), Economic Affairs, N.Delhi. 3) Securities and Exchange Board of India, Bombay.

TEL.: 496 05 25 ( 10 lines) I 493 25 55 I 492 84 05 e FAX : 91-22-493 56 31

a.A..DRAS STOCK EA.t..HANG..Ii .1.1TJJ •Exchange Building•

J:'ost .Hox .no. 18:5 1 "· Seoond. .uine Beach AADR.AS 600 001 ...

lOth August, 1984

.l!lavo. ~.b.ara t .Farro AJ.l.eys Ltd. Kohan Kaneion, Sug~r ~ivision 2 6 :5, Thiru-Vi-~a-Road MADRAS 600 006 ______ .., _________ ....

/For the Jd.td. at-tent i.on o~

-~=!-~!!e!!!!~-~~~~-~~~-Dear :3irs,

Re& Bpliatment gf zgur oguitx aha£cs QQ the §tggk §~ch&ago

we acknov~edge receipt of your letter ~atad 2nd August, 1984 :torv•.rdiq the l~eting appl.ioation, J..iating Agreement aJXi other supporting documents tor tho anl.ietment of our shares on the Rxohanga.

Your application vaa considered by the Council and also the letter dated 6th .J ul.y, l9H4 received :trom the .Joint .Uiraotor Stock .iixchange .Division, !law De~hi granting re~axation under aule 19l2J\b) of the Securities ~ontraots lRegulation) Rules, 1957 for the an.liataent of ;your shares on the J~;xananga, aubjeot to certain conditione. !t has been

/C.

·~S0.1.1V.IW to admit to deal.inss on the Exchange th..-_c:, ;n !"

17,:59,928 equity aharea of 1s.10 each full.y' paid-up of .llava -Wlarat hrro Alloys .l.td, Mad.raa 600 006 and 'to graD.t an o:t:Cicial. quotation ror the shares in the Dally U:Ct'icial. JJ iat and to psrait Aeabera of the .JSxohan&e to do business in the aha:rea with ilam.~iate a:Crect, subjeot to the oo.nditioa that

a)any fresh issue of capital to be made hereafter at &n7 ti .. in a.uy ev•nt not .l.eae than 29.5% of the a xi. at ina capital. ehal.l be offered to the publ.ic through a prospectus by aaouring the neceaanry approval. of the existing sharehol.dara UDder section 81 of the Companies Act, 1956, and

b) the awaber of ahar~olders after such pub.lio issue ab.&l..l. aot be .laue than 20 shareholders :tor &Tej£'7 Hupaea Una l.akh o:t capital. on the increased capital. inolud ing the aaou.a.t o:t the publ.ic issue oe shares

We have pl.easure in ini'orming TOU that in t erlll& o:t the above raaol.ut ioa wuad aubj ect to the oond.i t ions mentioned therein the 17 ,:59.928 equity share a o:t Its .1 0/- each :t'ul.l.y paid-up of our ooap&AT haya bean a.d.Jaitted to dealing• on the Exoh.az:~ga vith effect rroa today &.Ad aa the q uotat io.n. for the lllharaa has bean inol.ud ad ia our U:C.fio ial. .ui.at of date~ »~embers of l!lxohange have &l.eo bean pe~ittad to do buuineae in the ahara• with ef:Cect rrorn todq.

Uur ur:ticial. tieoaipt ror ~.7,000/- (~.2,000/- paid by you tova.rd.a in.itial. .lieting fee and 111.5000/- tovara.a axa.nual. l.ietinc r .. ror the year 1984) ia tmQl.oaed) e1.

' Your a ¥ ai thful.l.y,

~1 -s .tl.liLIUana. thaa ·:3eoretary

------Gr11 .. ~ : STOI<.XCHANG

Office of the

THE HYDERABAD STOCK EXCHANGE liMITED

HSE/215/l1GK/85 o

Mjs. Nav Bharat Ferro .Alloys Ltd<o~ 6o·3o654, S:omaj iguda, Hyderabado 500 482o AoPo

Dear Sir, Reg:: Listing approval :

5-1-711/712, Bank Street

HYDERABAD-500 001

Date 19·o:3·o:1985

Jt Q4o 1985

We aclmm.,rledge receipt of your letter dated 18th March, 1985 alongwith its enclosures seeking enlistment of 17,39,92b Equity shares of Rso10/.;. each and are pleased to inform you that this Exchange has approved your listing application dated 18th March, 1985 seelcLng enlistment 17,39~28 ecpity shares of Rso 10/- each bearing distinccive numbers from 1 to 17,39,928 and to grant such approvalo

You are hereby further informed that members of this Exchange are allowed to deal in the abo.e shares \vith effect from Wednesday the 2oth March, 1985o

This is for your informationo

Thanking you, ~urs fa:Lthfully,

C2 A- ( ~ /(_. --------; ~ / Secret aryo

NAVA BHARAT VENTURES liMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD- 500 082, TELANGANA, INDIA


Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C/1, G Block Sandra Kurla Complex, Sandra (E) MUMBAI- 400 051 NSE Symbol : 'NBVENTURES'

Dear Sir,

Sub: Requirements for in principle approval to Scheme of Reduction of Capital of Nava Bharat Ventures Limited under Section 66 of the Companies Act, 2013.

Ref: your letter dated 28.08.2019

With reference to the captioned subject and your letter under reference, we submit detailed clarifications as under:

Query no.1 & 2:

Certified true copies of the resolutions dated 29.08.2019 passed by the Audit Committee and Board of directors through circulation noting the fairness opinion and the Auditors' Certificate are enclosed herewith as Annexure (a) & (b).

Query no.3:

With regard to Auditor's Certificate as per Para 1 (A) (5) of Annexure I of SEBI Circular No. CFD/DIL3/CIR/2017/21 dated 10th March, 2017 - the clarification received from the Statutory Auditors vide their email dated August 28, 2019 is enclosed as Annexure (c).

Query.4:

Revised pre and post shareholding pattern without PAN in accordance with Regulation 31 (1) (b) & 31 (1) (c) and pre shareholding pattern with PAN in accordance with Regulation 31 (1) (b) of the SEBI (LODR) Regulations 2015 are submitted as Annexure (d).

Query no.5:

Fairness opinion dated 28.08.2019 issued by the SEBI registered Merchant Banker, Karvy Investor Services Limited, on the Valuation Report of Mr. V GANGADHARA RAO N, Chartered Accountants, Registered Valuer (Securities or Financial Assets), for the draft Scheme of reduction of capital is enclosed as A ure (e).

m~\JEN?-~

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, ~ ~ E-mail : [email protected] Website : www.nbventures.com cO f Corporate Identity No. : L271 01 TG1972PLC001 549 !YIV * G~y


Query no.6:

With respect to the ESOP Trust - we confirm and submit that, currently there is NO ESOP Scheme existing in the Company. The Trust "NAVA BHARAT VENTURES EMPLOYEE WELFARE TRUST formed on 25.01.2012 has never granted or issued any stock options to the employees of the Company.

Please take note of the above clarifications and do the needful.

Thanking you

Yours faithfully


VSN Raju Company Secretary & Vice President

ANNEXURE- (_o-.)


CERTIFIED TRUE COPY OF THE RESOLUTION PASSED THROUGH CIRCULATION BY THE BOARD OF DIRECTORS OF THE COMPANY ON AUGUST 29, 2019

Scheme of Reduction of Share Capital and allied matters:

"RESOLVED THAT further to the resolution passed in the Board meeting held on August 8, 2019 in connection with draft scheme of reduction of share capital and allied matters, the consent of the Board of directors, pursuant to the recommendations of the Audit Committee, be and is hereby accorded to consider and take note of the fairness opinion dated August 28, 2019 issued by the SEBI registered Merchant Banker, Karvy Investor Services Limited, on the Valuation Report of Mr. V GANGADHARA RAO N, Chartered Accountants, Registered Valuer (Securities or Financial Assets) and the Auditors Certificate dated August 20, 2019 as per Para 1 (A) (5) of Annexure I of SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, for the draft Scheme of reduction of capital, in compliance with the requirements above said Circular including amendments thereto."


~~ VSN Raju Date: August 29, 2019 ~~if.r.rDany Secretary &

Vice President

Telephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 01 TG1972PLC001 549

~~NEXURE- Lb2


CERTIFIED TRUE COPY OF THE RESOLUTION PASSED THROUGH CIRCULATION BY THE AUDIT COMMITTEE OF THE COMPANY ON AUGUST 29,2019

Scheme of Reduction of Share Capital and allied matters:

"RESOLVED THAT further to the resolution passed in the Audit Committee meeting held on August 8, 2019 in connection with draft scheme of reduction of share capital and allied matters, the consent of the Audit Committee be and is hereby accorded to consider and take note of the fairness opinion dated August 28, 2019 issued by the SEBI registered Merchant Banker, Karvy Investor Services Limited, on the Valuation Report of Mr. V GANGADHARA RAO N, Chartered Accountants, Registered Valuer (Securities or Financial Assets) and the Auditors Certificate dated August 20, 2019 as per Para 1 (A) (5) of Annexure I of SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, for the draft Scheme of reduction of capital, in compliance with the requirements of above said Circular including amendments thereto."

"RESOLVED FURTHER THAT the above referred fairness opinion and Auditors' Certificate be and are recommended for the consideration of the Board of directors."



Telephone: (040) 23403501,23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www.nbventures.com Corporate Identity No. : L27l 01 TG1972PLC001549

From: Sanjay Jain Lmailto~saojay,[email protected] Sent: 28 August 2019 18:38 To: VSN RAJU Cc: Vivek Ramanathan Subject: Clarification on the Auditor's Certificate

Date : 28 August 2019

Dear Mr. Raju Company Secretary and Vice President Nava Bharat Ventures Limited Hyderabad

Dear Sir,

ANNEXURE- ( ~

In continuation to our discussion on the clarification sought on our Auditor's Certificate dated 20 August 2019 issued by the undersigned, to the Board of Directors ofNava Bharat Ventures Limited (Company), in relation to the consistency of the accounting treatment, as proposed for accounting of Capital Reduction, duly mentioned in clause 4 of the Draft Scheme for Capital Reduction, with the Accounting Standards specified under Section 133 of the Companies Act, 2013 (the Act).

In this regard, we would wish to clarify that the existing Indian Accounting Standards (IndAS) as specified under Section 133 of the Act, does not contain any specific accounting treatment, with respect to the accounting for reduction of capital; accordingly, the said fact has been mentioned in our Auditor's Certificate dated 20 August 2019.

Further, in the absence of any specific authoritative accounting standards, governing such transactions, the accounting treatment mentioned in clause 4 of the Proposed Scheme for Capital Reduction of the Company is considered to be appropriate, on the basis of accounting principles generally accepted in India with reference to capital reduction transactions.

We shall be glad to provide any further clarification that you may desire in this regard.

Thanking you,

Sanjay Kumar Jain I Partner Walker Chandiok & Co LLP 7th Floor, Block III, White House, Kundan Bagh, Begumpet, Hyderabad 500 016, India M +91 98490 23805 1 T +91 40 6630 8200 1 F +91 40 6630 8230 1 E ??Pj'l.yj::[email protected],gt,~qm

Walker Chandiok &_Co LLP Please consider the environment before printing this mail

The information contained in this e-mail is private & confidential and may also be legally privileged. While the information contained in this document and any of its attachments is provided for the assistance of the recipient, the same should not be relied upon as a substitute for professional, technical or legal advice; unless it is sent after being duly signed by a partner of our firm in hardcopy. The contents of this mail and any of its attachments are subject to change without notice. If you are not the intended recipient ofthis mail, please notify us, preferably by e-mail; and do not read, copy or disclose the contents of this message to anyone. Whilst we have taken reasonable precautions to ensure that any attachment to this e-mail has been swept for viruses, e-mail communications cannot be guaranteed to be secure or error free, as information can be corrupted, intercepted, lost or contain viruses. We do not accept liability for such matter or their consequences.

Pre-shareholding pattern as on August 9, 2019

1 Name of Listed Entity

2 Scrip Code/Name of Scrip/Class of Security

3 Shareholding Pattern Filed under Reg.31(1)(a)/Reg.31(1)(b)/Reg.31(1) (c)

a. If under 31(1)(b) then indicate the report for Quarter ending

b. If under 31(1)(c) within 10 days of Capital restructuring

4 Declaration: The Listed entity is required to submit the following declaration to the extent of submission of information:

Particulars

1. Whether the Listed Entity has issued any partly paid up shares?

2. Whether the Listed Entity has issued any Convertible Securities or Warrants?

3. Whether the Listed Entity has any shares against which depository receipts are issued?

b_~hether the Listed Entity has any shares in locked-in? \~'~ 3.ii. ,,,;~"-

~~~~er any shares held by promoters are pledged or otherwise encumbered? ' ~' \\

"'tao~i~f;1format for disclosure of holding of specified securities is as follows:-

:~~o;:~:}~~J/

~NNEXURE- (~ J

Nava Bharat Ventures Limited

NSE: 'NBVENTURES'/EQUITY

BSE: '513023'/'NBVENTURES'/EQUITY

31 (1 )(b) & 31 (1 )(c )

Yes No

No

No

No

No

No

For NAVA BHARAT VENTURES LIMITED

~u Company Secretary &

Vice President

Table 1- Summary Statement holding of specified securities

Gate-gory Category of Nos. of No. of fully No. of partly No. of Shares Total Nos. Shareholding Number of Voting Rights No. of Shares Shareholding No. of Locked in No. of Shares Number of

Shareholder Share- paid-up paid-up underlying Shares as a % of total held in each class of securities Underlying as a % assuming Shares pledged or otherwise Equity Shares

holders equity shares equity shares Depository held no. of Shares No. of Voting Rights Total Outstanding full conversion encumbered held in

held held Receipts (calculated Class Class Total as a %of Convertible of convertible No. Asa%of No. Asa%of dematerialized

as per (A+B+C) Securities securities (as a total shares total shares form

SCRR, 1957) (including %of diluted held held

Equity Pref. Warrants) share capital) (a) (b) (a) (b)

(I) (II) (Ill) (IV) (V) (VI) (VII)= (VIII) IX) (X) (XI) = (VII)+(X) (XII) (XIII) (XIV)

(IV) + (V) +(VI) Asa%of As ao/oof

(A+B+C2) (A+B+C2)

(A) Promoter & Promoter Group 17 80,285,957 0 0 80,285,957 45.56 80,285,957 0 80,285,957 45.56 0 45.56 0 0.00 0 0.00 80,285,957

(B) Public 24,991 93,131,063 0 0 93,131,063 52.85 93,131,063 0 93,131,063 52.85 0 52.85 0 0.00 NA 92,170,341

(C) Non Promoter - Non Public NA

(C1) Shares underlying DRs 0 0 0 0 0 NA 0 0 0 0.00 0 NA 0 0.00 NA 0

(C2) Shares held by Employee Trusts 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Total 25,009 176,217,020 0 0 176,217,020 100.00 176,217,020 0 176,217,020 100.00 0 100.00 0 0.00 0 0 175,256,298

Table II· Statement showing shareholding pattern of the Promoter and Promoter Group Category & Name No. of No. of Par11y paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number of locked Number of shares Number of of the Shareholders Share- fully paid-up Equity Shares Shares Shares of% calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held undertying held as per SCRR, Outstanding fuUt conversion otherwise held in held Depository 1957 Convertible of convertible encumbered dematerialized

Rece~ts No. of Voting Rights Total as a% Securities securities {as a Asa%of Asa%of form Class Class Total ofT otal Voting (including %of diluted No. total shares held No. total shares held Equity Pre!. rights Warrants) share capital (a) (b) (a) (b)

(I) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) =(VII) • (X) (XII) (XIII) (XIV) IV+V+VI} Asa%of Asa%of

(A+B+C2) A+B+C2 (1) Indian (a) Individuals/Hindu Undivided Family 10 31,283,646 0 0 31,283,646 17.16 31,283,646 0 31,283,646 17.16 0 17.16 0 0.00 0 0.00 31,283,646

Name:

Mr. Devineni Ashok 2.226,000 0 0 2,226,000 1.26 2,226,000 0 2,226,000 1.26 0 1.26 0 0.00 0 0.00 2,226,000 Mrs. Oevineni Ramaa 523.230 0 0 523,230 0.30 523,230 0 523,230 0.30 0 0.30 0 0.00 0 0.00 523,230 Mr. Ashwin Oevineni 3,565,212 0 0 3,565,212 2.02 3,565,212 0 3,565,212 2.02 0 2.02 0 0.00 0 0.00 3,565,212 ML Nikhil Devineni 2,550,000 0 0 2,550.000 1.45 2,550,000 0 2,550,000 1.45 0 1.45 0 0.00 0 0.00 2,550,000 Mrs. Devineni Bhaktapriya 9.802,900 0 0 9,802,900 5.56 9.802.900 0 9,802,900 5.56 0 5.56 0 0.00 0 0.00 9,802,900 Or.Devineni Rajasekhar 'ointly with Mr. 0. Ashok 15,630 0 0 15,630 0.01 15,630 0 15,630 0.01 0 O.Q1 0 0.00 0 0.00 15.630 Mrs. Al!uri Nilima 1,050,000 0 0 f,050.000 0.60 f.050,000 0 1,050,000 0.60 0 0.60 0 0.00 0 0.00 1,050,000 Mr. Pinnamaneni Trivikrama Prasad 3,850,488 0 0 3,850,488 2.19 3,850,488 0 3,850,488 2.19 0 2.19 0 0.00 0 0.00 3,850,488 Mr. Pinnamaneni Trivikrama Prasad (HUF) 702,630 0 0 702,630 0.40 702,630 0 702,630 0.40 0 0.40 0 0.00 0 0.00 702,630 Mrs. Pinnamaneni Rajashree 6,997,556 0 0 6,997,556 3.91 6,991,556 0 6,997,556 3.97 0 3.97 0 0.00 0 0.00 6,997,556

(b) Central GovemmenVState Govemment{s) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (c) FinanciallnstitutionstBanks 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (d) Any Other(speclfy}

Name: ~) Bodies Corporate 6 39,055,291 0 0 39,055,291 22.16 39,055,291 0 39,055,291 22.16 0 22.16 0 0.00 0 0.00 39,055,291 Nav Developers Limited 16,093,517 0 0 16,093,5f7 9.13 16,093,517 0 16,093,517 9.13 0 9.13 0 0.00 0 0.00 16,093.517 A.N.Investments Private Limited 9,288,074 0 0 9,288,074 5.27 9,288,074 0 9,288,074 5.21 0 5.27 0 0.00 0 0.00 9.288,074 S.RT.Investments Private Limited 7,081,000 0 0 7,087,000 4.02 7,087,000 0 7,081,000 4.02 0 4.02 0 0.00 0 0.00 7,081,000 A9 Homes Private limited 2,264.000 0 0 2.264,000 1.28 2,264.000 0 2,264.000 1.28 0 1.28 0 0.00 0 0.00 2.264.000 V9 Avenues Private Limited 2,219,980 0 0 2,219,980 1.26 2.219,980 0 2,219,980 1.26 0 1.26 0 0.00 0 0.00 2,219.980 AV Dwellings Private Limited 2,102,120 0 0 2,102,720 1.19 2,102.720 0 2,102.720 1.19 0 1.19 0 0.00 0 0.00 2,102,720

ii)Trust 1 9,941,020 0 0 9,941,020 5.64 9,941,020 0 9,941,020 5.64 0 5.64 0 0.00 0 0.00 9,941,020 Name:

Nav Energy Private limited {Holding Shares of the Company (NBVL] for the benefit of the Company (NSVL)) 9.947.020 0 0 9,941,020 5.64 9,947,020 0 9,947,020 5.64 0 5.64 0 0.00 0 0.00 9,947,020 Sub-Totai(A)(1) 11 80,285,951 0 0 80,285,957 45.56 80,285,957 0 80,285,951 45.56 0 45.56 0 0.00 0 0.00 80,285,951

(2) Foreign (a) Individuals (Non- Resident Individuals/ Foreign

Individuals) 0 0 0 0 0 0 .. 00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (b) Government 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (c) Institutions 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (d) Foreign Portfolio Investor 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (e) Any Other (Specify) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

Sub· Total (A)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 Total Shareholding of Promoter and Promoter Group A = (A)(1) + (A)(2) 11 80,285,951 0 0 80,285,957 45.56 80,285,957 0 80,285,957 45.56 0 45.56 0 0.00 0 0.00 80,285,951

Details of Shares which remain unclaimed may be given here along wi1h details such as number of shareholders, outstanding shares held in demaVunclaimed suspense account, voting rights which are frozen etc. Note: (1] PAN would not be displayed on website of Stock Exchange(s). (2) The berm "Encumbrance· has the same meaning as assigned under regulation 28(3) of SEBI (Substantial Acqui~tion of Shares and Takeovers) Regulations. 2011.

-......

~m 'w

l(h ~~1) =j ·t'''

Table Ill· Statement showing shareholding pattern of the Public Shareholder Category & Name No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number of Locked Number of shares Number of

of the Shareholders Share- fully paid-up Equity Shares Shares Shares of % calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underlying held as per SCRR. Outstanding full! conversion otherwise held in

held Depository 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting Rights jTotal as a% Securities securities (as a As a% of I Asa%of form

Class Class Total ofT otal Voting {including %of diluted No. total shares held No. total shares held

Equity PreL rights Warrants) share capital (a) (b) (a) (b)

(I) (Ill) (IV) (V) (VI) (VII- (VIII) (IX) (X) (XI) =(VII) +(X) (XII) (XIII) (XIV)

IV+V+VI) Asa%of

I A+B+C2

(1) Institutions

(a) Mutual Funds 4 16,187,472 0 0 16,187,472 9.19 16,187,472 0 16,187,472 9.19 0 9.19 0 0.00 NA 16,187,472

Name (Holding above 1%) NA

UTI - Core Equity Fund 1 7,114,794 0 0 7,114,794 4.04 7,114,794 0 7,114,794 4.04 0 4.04 0 0.00 7,114,794

IOFC Equity Opportunities Fund - Series 4 1 9,032,374 0 0 9,032,374 5.13 9,032,374 0 9,032,374 5.13 0 5.13 0 0.00 9,032,374

(b) Venture Capital Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(c) Alternate Investment Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(d) Foreign Venture Capital Investors 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name(xyz) NA

Foreign Portfolio· Corp.

(e) {previously Foreign Portfolioo Investors) 58 21,132,198 0 0 21,132,198 11.99 21,132,198 0 21,132,198 11.99 0 11.99 0 0.00 NA 21,132,198

:::::(Holding above 1%)

Stanley Asia (Singapore) Pte 1 4,221,805 0 0 4,221,805 2.40 4,221,805 0 4,221,805 2.40 0 2.40 0 0.00 NA 4,221,805

Retail Employees Superannuation Pty Umited as Trustee for Retail Employees Superannuation Trust 1 3,381,806 0 0 3,381,806 1.92 3,381,806 0 3,381,806 1.92 0 1.92 0 0.00 NA 3,381,806

East Bridge Capital Master Fund ltd 1 1,815,676 0 0 1,815,676 1.03 1,815,676 1,815,676 1.03 0 1.03 0 0.00 NA 1,815,676

(Q Financial Institutions/Banks 8 221,819 0 0 221,819 0.13 221,819 0 221,819 0.13 0 0.13 0 0.00 NA 218,409

Name(xyz) NA

(g) Insurance Companies 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(h) Provident Funds/Pension Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(i) Any Other (Specify) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name:

Sub-Total (8)(1) 70 37,541,489 0 0 37,541,489 21.30 37,541,489 0 37,541,489 21.30 0 21.30 0 0.00 NA 37,538,079

(2) Central Govemmentt/State Government(s)/Presfdent of India 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz)

Sub-Total (8)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Category & Name No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareh~ding Number of Locked Number of shares Number of of the Shareh~ders Share. fully paid-up Equity Shares Shares Shares of% calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underl~ng held as per SCRR. Outstanding fu111 conversion otherwise held in held Depository 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting Rights 1 Total as a% Securities securities (as a Asa%of I Asa%of form Class Class Total ofT otal Voting (including %of diluted No. total shares held No total shares held Equity Pre f. rights Warrants} share capital (a) (b) (a) (b)

(I) (Ill) (IV) M (VI) (VII= (VIII) (IX) (X) (XI) =(VII) +(X) (XII) (XIII) (XIV) IV+V+VI) As a% of

I A+B+C2

(3) Non--Institutions NA

(a) Individuals.

i. Individual shareholders holding nominal share capital up to ~ '21- lakh 23,876 25,750,735 0 0 25,750,735 14.61 25,750,735 0 25,750,735 14.61 0 14.61 0 0.00 NA 24,814,343

ii. Individual shareholders holding nominal share capital in excess of ~ '21-lakhs. 56 20,321,864 0 0 20,321,864 11.53 20,321,864 0 20,321,864 11.53 0 11.53 0 0.00 NA 20,306,864

Name : (H~ding above 1%)

Sunitha VemulapaUi 1 2,016,630 0 0 2,016,630 1.14 2,016,630 0 2,016,630 1.14 0 1.14 0 0.00 NA 2,016,630

(b) NBFCs registered with RBI 4 19,780 0 0 19,780 0.01 19,780 0 19,780 0.01 0 0.01 0 0.00 NA 19.780 (c) Employee Trusts 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 (d) Overseas Depositories (h~ding DRs) (balandng figure) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 (e) Any Other (Spedfy) NA

Names:

i. Bcdies Corporate 426 6,006,974 0 0 6,006,974 3.41 6,006,974 0 6,006,974 3.41 0 3.41 0 0.00 NA 6,006,294 ii. Unclaimed Shares Suspense Nc 1 866,665 0 0 866,665 0.49 866,665 0 866,665 0.49 0 0.49 0 0.00 NA 866,665

iii. Directors and Relatives 12 821,157 0 0 821,157 0.47 821,157 0 821,157 0.47 0 0.47 0 0.00 NA 821,157

iv. Clearing Members 38 77,401 0 0 77,401 0.04 77,401 0 77,401 0.04 0 0.04 0 0.00 NA 77,401

v. Trusts 5 72,372 0 0 72,372 0.04 72,372 0 72,372 0.04 0 0.04 0 0.00 NA 72,372

vi. Non Resident Indians Repatriab!e 307 706,556 0 0 706,556 0.40 706,556 0 706,556 0.40 0 0.40 0 0.00 NA 701,316

vii. Non Resident Indians Non Repatriable 194 563,464 0 0 563,464 0.32 563,464 0 563,464 0.32 0 0.32 0 0.00 NA 563,464

viii. Foreign Nationals 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

ix. IEPF 1 320,591 0 0 320,591 0.18 320,591 0 320,591 0.18 0 0.18 0 0.00 NA 320,591

x. Alternative Investment Fund 1 62,015 0 0 62,015 0.04 62,015 62,015 0.04 0 0.04 0 0.00 NA 62,015

Sub-Total (8)(3) 24,921 55,589,574 0 0 55,589,574 31.55 55,589,574 0 55,589,574 31.55 0 31.55 0 0.00 0 54,632,262

Total Public Shareholdlng (B) = (BX1 )+(BX2)+(B)(3) 24,991 93,131,063 0 0 93,131,063 52.85 93,131,063 0.00 93,131,063 52.85 0 52.85 0 0 NA 92,110,341

Details of the shareholders acting as persons in Concert including their Shareholding (No. and%).

Details of Shares which remain unclaimed may be given here along with details such as number of shareholders, outstanding shares held in de mat/unclaimed suspense account, voting rights which are frozen etc.: 866,665 Equity Shares (0.49%) are held in the name of· Nava Bharat Ventures Limited -Unclaimed Suspense Account' against 1,239 Shareholders in demat form as on August 9, 2019.

Table IV· Statement showing shareholding pattern of the Non Promoter- Non Public Shareholder

Category & Name No. of No. of Partly Nos. of Total No. Shareholding Number of Voting Rights held in No. of Total shareholding Number of Locked Number of shares Number of

of the Shareholders Share- fully paid-up Shares Shares % calculated each class of securities Shares as a % assuming in Shares pledged or Equity Shares

holders paid-up Equity underlying held asperSCRR, underlying full conversion otherwise held in

Equity Shares Deposttory 1957 Outstanding of Convertible encumbered de materia-

Shares held Receipts No. of Voting Rights Total as a Convertible Securities As a %of No. Asao/oof lized form

held o/oofTotal Securities (as a %of No. total shares (Not total shares (Not

Class Class Total Voting (including diluted held Applicable) held (Not Applicable)

Equity Pre f. rights Warrants) share capital) Applicable)

(I) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) (XII) (XIII) (XIV)

IV+V+VI) Asao/oof

(A+B+C2) (1) Custodian/OR Holder

Name of DR Holder

(a) (if available)

(i) abc ... 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0.00 NA 0

(ii) efg ... 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0.00 NA 0 (2) Employee Benefit Trust

(under SEBI (Share based Employee Benefit) Regulations, 2014) NA

(a) Name:

Nava Bharat Ventures Employee Welfare Trust through its Trustee-Barclays Weallh Trustees India Pvt. Ltd. 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Total Non-Promoter - Non Public Shareholding (C)= (C )(1) + (C)(2) 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Note (1) PAN would not be displayed on website of Stock Exchange(s). (2) The above format needs to disclose name of all holders holding more than 1% of total number of shares (3) W.r.t. the information pertaining to Depository Receipts, the same may be disclosed in the respective columns to the extent information available.

ll!:!fi)) -• '~ Ito. />, .-.... --~~' (flu. ~ a)\'i \ r'l. -~~

Annexure

Table V· Statement showing details of significant beneficial owners (SBOs)

Sr. Details of the SBO Details of the registered owner Details of holding/ exercise of right of the SBO in the Date of creation I No. reporting company, whether direct or indirect*: acquisition

of significant beneficial interest#

(I) (II) (Ill)

Name PAN/ Passport No. Nationality Name PAN I Passport No. Nationality Whether by virtue of: in case of a foreign in case of a foreign Shares % national national Voting rights %

Rights on distributable % dividend or any other

distribution

Exercise of control

Exercise of significant influence

*In case the nature of the holding/ exercise of the right of a SBO falls under multiple categories specified under (a) to (e) under Column Ill, multiple rows for the same SBO shall be inserted accordingly for each of the categories.

#This column shall have the details as specified by the listed entity under Form No. BEN-2 as submitted to the Registrar.

(IV)

Name of the Shareholder (FPI)

Wellington Management CompanyLLP with its PACs

ll

·•

Details of the Shareholders acting as persons in Concert including their shareholding

Name of PAC No.o Holding Shares %

Retail Employees Superannuation PTY Limited as Trustee for Retail Employees Superannuation Trust 3,381,806 1.92

J.Caird Investors (Bermuda) L.P. 1,693,374 0.96

J. Caird Partners, LP 1,533,518 0.87

Hartford International Equity Fund 919,094 0.52

Advanced Series Trust Ast Wellington Managemeent Hedged Equity Portfolio 573,432 0.33

Wellington Trust Company National Association Multiple Common Trust Funds Trust Global Contrarian Equity Portfolio 542,870 0.31

Wellington Trust Company National Association Multiple Collective Investment Funds Trust II, Global Equities Portfolio 247,253 0.14

The Wellington Trust Company, National Association Multiple Collective Investment Funds Trust, Global Contrarian Equity Portfolio 123,429 0.07

Fundpartner Solutions(SUISSE) S.A-RP-Fonds lnstitutionel- Actions Marches Emergents 79,465 0.05

The Master Trust Bank of Japan Limited as Trustee of Nomura Global Contrarian Mother Fund 25,654 0.01

Total 9,119,895 5.18


~~ju Com:::1cr~t~r~ &

Vice President

Post Shareholding Pattern

1 Name of Listed Entity Nava Bharat Ventures Limited

2 Scrip Code/Name of Scrip/Class of Security NSE: 'NBVENTURES'/EQUITY

BSE: '513023'/'NBVENTURES'/EQUITY


a. If under 31 ( 1 )(b) then indicate the report for Quarter ending

b. If under 31(1)(c) within 10 days of Capital restructuring 31(1)(b) & 31(1)(c)


Particulars Yes No

1. Whether the Listed Entity has issued any partly paid up shares? No

2. Whether the Listed Entity has issued any Convertible Securities or Warrants? No

3. Whether the Listed Entity has any shares against which depository receipts are issued? No

4. Whether the Listed Entity has any shares in locked-in? No

#c '{f?,~w~~tner any shares held by promoters are pledged or otherwise encumbered? No .. ' '>;

5·~··.· : Tb~Jabularformat for disclosure of holding of specified securities is as follows:-


~ Company Secretary & Vice President

Table I· Summary Statement holding of specified securities

Cate-gory Category of Nos. of No. of fully No. of partly No. of Shares Total Nos. Shareholding Number of Voting Rights No. of Shares Shareholding No. of Locked in No. of Shares Number of

Shareholder Share- paid-up paid-up underlying Shares as a % of total held in each class of securities Underlying as a % assuming Shares pledged or otherwise Equity Shares


held held Receipts (calculated Class Class Total as a %of Convertible of convertible No. As a%of No. Asa%of dematerialized

as per (A+B+C) Securities securities (as a total shares total shares fonm


Equity Pre f. Warrants) share capital) (a) (b) (a) (b)

(I) (II) (Ill) (IV) (V) (VI) (VII)= (VIII) IX) (X) (XI) = (VII)+(X) (XII) (XIII) (XIV)

(IV) + (V) +(VI) Asa%of As a 'fool

(A+B+C2) (A+B+C2)

(A) Promoter & Promoter Group 16 70,338,937 0 0 70,338,937 43.03 70,338,937 0 70,338,937 43.03 0 43.03 0 0.00 0 0.00 70,338,937

(B) Public 24,991 93,131,063 0 0 93,131,063 56.97 93,131,063 0 93,131,063 56.97 0 56.97 0 0.00 NA 92,170,341


(C1) Shares underlying DRs 0 0 0 0 0 NA 0 0 0 0.00 0 NA 0 0.00 NA 0

(C2) Shares held by Employee Trusts 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Total 25,007 163,470,000 0 0 163,470,000 100.00 163,470,000 0 163,470,000 100.00 0 100.00 0 0.00 0 0 162,509,278

Table II· Statement showing shareholding pattern of the Promoter and Promoter Group Category & Name No. of No. of Partly paid-up Nos. of Total Nos. Shareho!ding Number of Voting Rights held in No. of Shares Shareholding Number of locked Number of shares Number of

of the Shareholders Share- fully paid-up Equity Shares Shares Shares of % calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underlying held as per SCRR. Outstanding fulll conversion otherwise held in

held Oepo~lory 1957 Convertible of convertible encumbered dematerialized Receipts No. of Voting Rights I Totalasa% Securities securities (as a Asa%of Asa%of fonn

Class Class Total ofTotaiVoting (including %of diluted No. total shares held No. total shares held

Equity Pref. rights Warrants) share capital (a) (b) (a) (b)

(I) (Ill) (IV) M (VI) (VII= (VIII) (IX) (X) (XI) =(VII) •IX) (XII) (XIII) (XIV)

IV+V+VI) Asa%of Asa%of

(A..S+C2) A..S+C2 (1) Indian (a) Individuals/Hindu Undivided Family 10 31,283,646 0 0 31,283,646 19.14 31,283,646 0 31,283,646 19.14 0 19.14 0 0.00 0 0.00 31,283,646

Name:

Mr, Oevineni Ashok 2,226,000 0 0 2,226,000 1.36 2.226,000 0 2,226,000 1.36 0 1.36 0 0.00 0 0.00 2,226,000 Mrs, Devineni Ramaa 523,230 0 0 523.230 0.32 523,230 0 523,230 0.32 0 0.32 0 0.00 0 0.00 523,230 Mr. Ashwin Devineni 3,565,212 0 0 3,565,212 2.18 3,565,212 0 3,565,212 2.18 0 2.18 0 0.00 0 0.00 3,565,212 Mr. Nikhil Devineoi 2,550,000 0 0 2.550,000 1.56 2,550,000 0 2,550,000 1.56 0 1.56 0 0.00 0 0.00 2,550,000 Mrs. Devineni Bhaktapriya 9,802,900 0 0 9,802,900 6.00 9,802,900 0 9,802,900 6.00 0 6.00 0 0.00 0 0.00 9,802,900

~~~~~ineni Rajasekhar . Ashok 15,630 0 0 15,630 0.01 15,630 0 15,630 0.01 0 0.01 0 0.00 0 0.00 15,630

Mrs.AUuriNilima 1,050,000 0 0 1,050,000 0.64 1,050,000 0 1,050,000 0.64 0 0.64 0 0.00 0 0.00 1,050,000

Mr. Pinnamaneni Trivikrama Prasad 3,850,488 0 0 3,850,488 2.36 3,850,488 0 3,850,488 2.36 0 2.36 0 0.00 0 0.00 3,850,488 Mr. Pinnamaneni Trivikrama Prasad (HUF) 702,630 0 0 702,630 0.43 702,630 0 702,630 0.43 0 0.43 0 0.00 0 0.00 702,630

Mrs. Pinnamaneni Rajashree 6,997,556 0 0 6,997,556 4.28 6,997,556 0 6,997,556 4.28 0 4.28 0 0.00 0 0.00 6,997,556

(b) Central GovemmenUState Govemment{s) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(c) Financial Institutions/Banks 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(d) Any Othe~speclfy)

Name:

Q) Bodies Corpora\o 6 39,055,291 0 0 39,055,291 23.89 39,055,291 0 39,055,291 23.89 0 23.89 0 0.00 0 0.00 39,055,291

Nav Developers Umited 16,093,517 0 0 16,093.517 9.84 16,093,517 0 16,093,517 9.84 0 9.84 0 0.00 0 0.00 16,093,517

A.N.Investments Private limited 9,288,074 0 0 9,288,074 5.68 9,288,074 0 9,288,074 5.68 0 5.68 0 0.00 0 0.00 9,288,074

S.R.T.Investments Private Limited 7.087,000 0 0 7,087,000 4.34 7,087.000 0 7,067,000 4.34 0 4.34 0 0.00 0 0.00 7,087,000

/IS Homes Private Limited 2,264,000 0 0 2,264,000 1.36 2,264,000 0 2,264,000 1.38 0 1.38 0 0.00 0 0.00 2,264,000

V9 Avenues Private limited 2,219,960 0 0 2,219,980 1.36 2,219,980 0 2,219,980 1.36 0 1.36 0 0.00 0 0.00 2,219,980

AV Dwellings Private limited 2,102,720 0 0 2,102,720 1.29 2,102,720 0 2,102,720 1.29 0 1.29 0 0.00 0 0.00 2.102,720

Sub-Totai(A)(1) 16 70,338,937 0 0 70,338,937 43.03 70,338,937 0 70,338,937 43.03 0 43.03 0 0.00 0 0.00 70,338,937

(2) Foreign

(a) {Non· Resident Individuals/ Foreign

0 0 0 0 0 0 .. 00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(b) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(c) Institutions 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(d) Foreign Portfolio Investor 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(e) Any Other (Spedfy) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

Sub·T otai(A)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

Total Shareholding of Promoter and Promotsr Group A • (A)(1) + (A)(2) 16 70,338,937 0 0 70,338,937 43.03 70,338,937 0 70,338,937 43.03 0 43.03 0 0.00 0 0.00 70,338,937

Details of Shares which remain unclaimed may be given here along wi1h details such as number of shareholders, outstanding shares held in demavunclaimed suspense accoun~ voting rights which are frozen etc.

Note: (1) PAN would not be displayed on welbsi1e of Stock Exchange(s). (2) The tenn 'Encumbrance" has the same meaning as assigned under regulation 28(3) of SEBI (Substantial Acqui~tion of Shares and Takeovers) Regulations, 2011.

Table Ill· Statement showing shareholding pattern of the Public Shareholder Category & Name No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number of Locked Number of shares Number of

of the Shareholders Share~ fully paid-up Equity Shares Shares Shares of% calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held undert0ng held asperSCRR, Outstanding full! conversion otherwise held in

held Depo~tory 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting Rights 1 Total as a% Securities securities {as a Asa%of I Asa%of form

Class Class Total of Total Voting (including %of diluted No. total shares held No. total shares held

Equity Pref. rights Warrants) share capital (a) (b) (a) (b)

(I) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) =(VII)+ (X) (XII) (XIII) (XIV}

IV+V+VI) Asa%ol

I A+E+C2

(1) Institutions

(a) Mutual Funds 4 16,187,472 0 0 16,187,472 9.90 16,187,472 0 16,187,472 9.90 0 9.90 0 0.00 NA 16,187,472


UTI -Core Equity Fund 1 7,114,794 0 0 7,114,794 4.35 7,114,794 0 7,114,794 4.35 0 4.35 0 0.00 7,114,794

IDFC Equity Opportunities Fund- Series 4 1 9,032,374 0 0 9,032,374 5.53 9,032,374 0 9,032,374 5.53 0 5.53 0 0.00 9,032,374

(b) Venture Capital Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyl) NA

(c) Alternate Investment Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyl) NA

(d) Foreign Venture Capital Investors 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

Foreign Portfolio· Corp. (e) (previously Foreign Portfolioo Investors) 58 21,132,198 0 0 21,132,198 12.93 21,132,198 0 21,132,198 12.93 0 12.93 0 0.00 NA 21,132,198

Names :(Holding above!%)

Morgan Stanley Asia (Singapore) Pte 1 4,221,805 0 0 4,221,805 2.58 4,221,805 0 4,221,805 2.58 0 2.58 0 0.00 NA 4,221,805

Retail Employees Superannuation Ply Umited as Trustee for Retail Employees Superannuation Trust 1 3,381,806 0 0 3,381,806 2.07 3,381,806 0 3,381,806 2.07 0 2.07 0 0.00 NA 3,381,806

East Bridge Capital Master Fund Ltd 1 1,815,676 0 0 1,815,676 1.11 1,815,676 1,815,676 1.11 0 1.11 0 0.00 NA 1,815,676

(Q Financial Institutions/Banks 8 221,819 0 0 221,819 0.14 221,819 0 221,819 0.14 0 0.14 0 0.00 NA 218,409

Name (xyz) NA

(g) Insurance Companies 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(h) Provident Funds/Pension Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xYl) NA

(i) Any Other (Specify) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name;

Sub-Total (6){1) 70 37,541,489 0 0 37,541,489 22.97 37,541,489 0 37,541,489 22.97 0 22.97 0 0.00 NA 37,538,079

(2) Central Govemmentt/State Govemment(s)/President of India 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyl)

Sub-Total (6)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Category & Name No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number of Locked Number of shares Number of of the Sharehrnders Share- fully paid-up Equity Shares Shares Shares of % calculated each class of securities underl0ng as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underl0ng held as per SCRR, Outstanding fulll conversion otherwise held in held Depository 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting R~hts Total as a% Securities securities (as a Asa%of I Asa%of form a ass Class Total ofT otal Voting (including %of diluted No. total shares held No. total shares held Equity Pre f. rights Warrants) share capital (a) (b) (a) (b)

(I) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) =(VII)+ (X) (XII) (XIII) (XIV) IV+V+VI) As a% of

I A+B+C2

(3) Non-institutions NA

(a) Individuals~

i. Individual shareholders holding nominal share capital up to ~ 21- lakh 23,876 25,750,735 0 0 25,750,735 15.75 25,750,735 0 25,750,735 15.75 0 15.75 0 0.00 NA 24,814,343

ii. Individual shareholders holding nominal share capital in excess of ~ 21- lakhs. 56 20,321,884 0 0 20,321,884 12.43 20,321,884 0 20,321,864 12.43 0 12.43 0 0.00 NA 20,306,884

Name : (Hrnding above 1%) 0.00

Sunitha Vemulapal!i 1 2,016,630 0 0 2,016,63) 1.23 2,016,630 0 2,016,630 1.23 0 1.23 0 0.00 NA 2,016,630

(b) NBFCs registered v.;th RBI 4 19,780 0 0 19,783 0.01 19,780 0 19,780 O.ot 0 0.01 0 0.00 NA 19.780

(c) Employee Trusts 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 (d) Overseas Depositories (holding DRs) (balancing figure) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

(e) Any Other (Specify) NA

Names:

i. Bodies Corporate 426 6,006,974 0 0 6,006,974 3.67 6,006,974 0 6,006,974 3.67 0 3.67 0 0.00 NA 6,006,294 ii. Unclaimed Shares Suspense Nc 1 866,665 0 0 866,665 0.53 866,665 0 866,665 0.53 0 0.53 0 0.00 NA 866,665

iii. Directors and Relatives 12 821,157 0 0 821,157 0.50 821,157 0 821,157 0.50 0 0.50 0 0.00 NA 821,157

iv. Oearing Members 38 77,401 0 0 77,401 0.05 77,401 0 77,401 0.05 0 0.05 0 0.00 NA 77,401

v. Trusts 5 72,372 0 0 72,372 0.04 72,372 0 72,372 0.04 0 0.04 0 0.00 NA 72,372

vi. Non Resident Indians Repatriable 307 706,556 0 0 706,558 0.43 706,556 0 706,556 0.43 0 0.43 0 0.00 NA 701,316



ix. IEPF 1 320,591 0 0 320,591 0.20 320,591 0 320,591

~: 0 0.20 0

~.~~ NA 320,591

x. Alternative Investment Fund 1 62,015 0 0 62,015 0.04 62,015 62,015 0 0.04 0 NA 62,015

Sub-Total (8)(3) 24,921 55,589,574 0 0 55,589,574 34.01 55,589,574 0 55,589,574 34.01 0 34.01 0 0.00 0 54,632,262

Total Public Shareholdlng (B)= (8)(1)+(8)(2)+(8)(3) 24,991 93,131,063 0 0 93,131,063 56.97 93,131,063 0.00 93,131,063 56.97 0 56.97 0 0 NA 92,170,341

Details of the shareholders acting as persons in Concert including their Shareholding (No. and %).

Details of Shares which remain unclaimed may be given here along with delails such as number of shareholders, outstanding shares held in demaUunclaimed suspense account, voting rights which are frozen etc.: 866,665 Equity Shares (0.53%) are held in the name of ·Nava Bharat Ventures Limited -Unclaimed Suspense Account' against 1,239 Shareholders in demat form.

Table IV· Statement showing shareholding pattern of the Non Promoter· Non Public Shareholder

Category & Name No. of No. of Partly Nos. of Total No. Shareholding Number of Voting Rights held in No. of Total shareholding Number of Locked Number of shares Number of

of the Shareholders Share- fully paid-up Shares Shares %calculated each class of securities Shares as a % assuming in Shares pledged or Equity Shares

holder paid-up Equity underlying held asperSCRR, underlying full conversion otherwise held in

Equity Shares Depository 1957 Outstanding of Convertible encumbered demateria-

Shares held Receipts No. of Voting Rights Total as a Convertible Securities Asa%of No. As a %of lized form

held %ofTotal Securities (asa%of No. total shares (Not total shares (Not



(I) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) (XII) (XIII) (XIV)

IV+V+VI) As a %of

(A-+B-+C2) (1) Custodian/OR Holder

Name of DR Holder

(a) (if available)

(i) abc ... 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

(ii) efg ... 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 (2) Employee Benefrt Trust

(under SEBI (Share based Employee Benefrt) Regulations, 2014)

(a) Name: 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0 NA 0 Total Non-Promoter • Non Public Shareholding (C) = (C )(1) + (C)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Note (1) PAN would not be displayed on website of Stock Exchange(s). (2) The above format needs to disclose name of all holders holding more than 1% of total number of shares (3) W.r.t. the information pertaining to Depository Receipts, the same may be disclosed in the respective columns to the extent information available.

Annexure


Sr. Details of the SBO Details of the registered owner Details of holding/ exercise of right of the SBO in the Date of creation I No. reporting company, whether direct or indirect*: acquisition


(I) (II) (Ill) (IV)



distribution

Exercise of control


• In case the nature of the holding/ exercise of the right of a SBO falls under multiple categories specified under (a) to (e) under Column Ill, multiple rows for the same SBO shall be inserted accordingly for each of the categories.





Name of PAC No.o Holding

Shares %





Advanced Series Trust As! Wellington Managemeent Hedged Equity Portfolio 573,432 0.35





The Master Trust Bank of Japan Limited as Trustee of Nomura Global Contrarian Mother Fund 25,654 0.02

Total 9,119,895 5.58


V N Raju Company S cretary &

Vice President

®

Pre-shareholding pattern as on August 9, 2019

1 Name of Listed Entity

2 Scrip Code/Name of Scrip/Class of Security


a. If under 31 ( 1 )(b) then indicate the report for Quarter ending

b. If under 31 (1 )(c) within 10 days of Capital restructuring


Particulars

1. Whether the Listed Entity has issued any partly paid up shares?

2. Whether the Listed Entity has issued any Convertible Securities or Warrants?

3. Whether the Listed Entity has any shares against which depository receipts are issued?

4. Whether the Listed Entity has any shares in locked-in?

!'1,~ ~:;;;:,;,;:,J':~::

:§,L?1!Yb~)her any shares held by promoters are pledged or otherwise encumbered?

/5';/ \ ',, '

l;h~, tabular format for disclosure of holding of specified securities is as follows:-'\,

Nava Bharat Ventures Limited

NSE: 'NBVENTURES'/EQUITY

BSE: '513023'f' NBVENTURES'/EQU ITY

31(1)(b)

Yes No

No

No

No

No

No


VS Raju Company Se etary &

Vice President

Table I· Summary Statement holding of specified securities

Cate-gory Category of Nos. of No. of fully No. of partly No. of Shares Total Nos. Shareholding Number of Voting Rights No. of Shares Shareholding No. of locked in No. of Shares Number of

Shareholder Share- paid-up paid-up underlying Shares as a % of total held in each class of securities Underlying as a% assuming Shares pledged or otherwise Equity Shares


held held Receipts (calculated Class Class Total as a %of Convertible of convertible No. Asa%of No. Asa%of dematerialized

as per (A+B+C) Securities securities (as a total shares total shares form


Equity Pre f. Warrants} share capital} (a} (b) (a} (b)

(I} (II} (Ill} (IV} (V) (VI} (VII}- (VIII) IX} (X} (XI) = (VII}+(X} (XII} (XIII} (XIV}

(IV) + (V} +(VI} Asa%of Asa%of (A+B+C2} (A+B+C2)

(A} Promoter & Promoter Group 17 80,285,957 0 0 80,285,957 45.56 80,285,957 0 80,285,957 45.56 0 45.56 0 0.00 0 0.00 80,285,957

(B) Public 24,991 93,131,063 0 0 93,131,063 52.85 93,131,063 0 93,131,063 52.85 0 52.85 0 0.00 NA 92,170,341


(C1} Shares underlying DRs 0 0 0 0 0 NA 0 0 0 0.00 0 NA 0 0.00 NA 0

(C2} Shares held by Employee Trusts 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Total 25,009 176,217,020 0 0 176,217,020 100.00 176,217,020 0 176,217,020 100.00 0 100.00 0 0.00 0 0 175,256,298

Table fl. Statement showing shareholding pattern of the Promoter and Promoter Group Categor; & Name PAN No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number of locked Number of shares Number of nf tho Shareholders Share- fully paid-up Equity Shares Shares Shares of % calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underlying held as per SCRR, Outstanding fum conversion otherwise held in held Depo~tory 1957 Convertible of convertible encumbered dematerialized

Receipls No. of Voting Rights I Totalasa% Securities securities {as a Asa%of Asa%of form Class Class Total ofT eta! Voting (including %of diluted No total shares held No. total shares held Equity Pret rights Warrants) share capital (a) (b) (a) (b)

(I) (II) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) =(VII) • (X) (XII) (XIII) (XIV) lV+V+Vl} Asa%of Asa%of

(A+B.C2) A+B.C2 (1) Indian

(a) Individuals/Hindu Undivided Family 10 31,283,646 0 0 31,283,646 17.76 31,283,646 0 31,283,646 17.76 0 17.76 0 0,00 0 0.00 31,283,646 Name: Mr. Devineni Ashok ABVPD5737F 2,226,000 0 0 2,226,000 1.26 2,226,000 0 2,226,000 1.26 0 1.26 0 0.00 0 0.00 2,226,000 Mrs. Devineni Ramaa ACGPD0277Q 523,230 0 0 523,230 0.30 523,230 0 523,230 0.30 0 0.30 0 0.00 0 0.00 523,230 Mr. Ashwin Devineni AFKPD8669R 3,565,212 0 0 3,565,212 2.02 3,565,212 0 3,565,212 2.02 0 2.02 0 0.00 0 0.00 3,565,212 Mr. Nikhil Oevineni AMWP04f8fF 2,550,000 0 0 2,550,000 1.45 2,550,000 0 2,550,000 1.45 0 1.45 0 0.00 0 0.00 2,550,000 Mrs. Devineni Bhaktapriya ACYPD2219G 9,802,900 0 0 9,802,900 5.56 9,802,900 0 9,802,900 5.56 0 5.56 0 0.00 0 0.00 9,802,900 Dr.Devineni Rajasekhar AAKPD7740C jointly with Mr. D. Ashok 15,630 0 0 15,630 0.01 15,630 0 15,630 0.01 0 O.Of 0 0.00 0 0.00 15,630 Mrs. Al!uri Nilima AAKPA8609F 1,050,000 0 0 f,050,000 0.60 1,050,000 0 1,050,000 0.60 0 0.60 0 0.00 0 0.00 1,050,000 Mr. Pinnamaneni T rivikrama Prasad AENPP0497F 3,850,488 0 0 3,850,488 2.19 3,850,488 0 3,850,488 2.19 0 2.19 0 0.00 0 0.00 3,850,488 Mr. Pinnamanenf Trivikrama Prasad (HUF) AAGHP6929M 702,630 0 0 702,630 0.40 702,630 0 702,630 0.40 0 0.40 0 0.00 0 0.00 702,630 Mrs. Pinnamaneni Rajashree AAOPP24f7L 6,997,556 0 0 6,997,556 3.97 6,997,556 0 6.997,556 3.97 0 3.97 0 0.00 0 0.00 6,997,556

(b) Central GovemmenUState Govemment{s) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (c) Financial Institutions/Banks 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (d) Any Ofher(speoify)

Name: (i) Bodies Corporate 6 39,055,291 0 0 39,055,291 22.16 39,055,291 0 39,055,291 22.16 0 22.16 0 0,00 0 0,00 39,055,291 Nav Developers limited AAACN7350B 16,093,517 0 0 16,093,517 9.13 f6,093,517 0 16,093,517 9.f3 0 9.13 0 0.00 0 0.00 16,093,517 A.N.Investments Private Limited AABCA9f09Q 9,288,074 0 0 9,288,074 5.27 9,288,074 0 9,288,074 5.27 0 5.27 0 0.00 0 0.00 9,288,074 S.R.T.Investments Private Limited AACCS8358J 7,087,000 0 0 7,087,000 4.02 7,087,000 0 7,087,000 4.02 0 4.02 0 0.00 0 0.00 7,087,000 />S Homes Private Limited AAECM5096P 2,264,000 0 0 2,264,000 1.28 2,264,000 0 2,264,000 1.28 0 1.28 0 0.00 0 0.00 2,264,000 V9 Avenues Private Limited AAECM4722C 2,219,980 0 0 2,219,980 1.26 2,2f9,980 0 2,219,980 1.26 0 1.26 0 0.00 0 0.00 2,219,980 AV Dwellings Private Limited AAECM4721B 2,102,720 0 0 2,102,720 1.19 2,f02,720 0 2,102,720 1.19 0 1.19 0 0.00 0 0.00 2.102.720

ii)Trust 1 9,947,020 0 0 9,947,020 5.64 9,947,020 0 9,947,020 5.64 0 5,64 0 0.00 0 0.00 9,947,020 Name:

Nav Energy Private limited {Holding Shares of the Company [NBVLJ for the benefit of the Company {NBVL)) AABCN3524A 9.947,020 0 0 9,947,020 5.64 9.947,020 0 9,947,020 5.64 0 5.64 0 0.00 0 0.00 9,947,020 Sub-Totai(A)(1) 17 80,285,957 0 0 80,285,957 45,56 80,285,957 0 80,285,957 45.56 0 45.56 0 0,00 0 0.00 80,285,957

(2) Foreign

(a) Individuals {Non- Resident Individuals! Foreign Individuals) 0 0 0 0 0 0 .. 00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

(b) Government 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (c) Institutions 0 0 0 0 0 0.00 0 0 0 0,00 0 0.00 0 0.00 0 0.00 0 (d) Foreign Porlfolio Investor 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 (e) Any Other (Spedfy) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0

Sub-Total (A)(2) 0 0 ( 0 0 0.00 0 0 0 0,00 0 0.00 0 0.00 0 0.00 0 Total Shareholding of Promoter and Promoter Group A= (A)(1) + (A)(2) 17 80,285,957 0 0 80,285,957 45.56 80,285,957 0 80,285,957 45,56 0 45,56 0 0.00 0 0,00 80,285,957

Details of Shares which remain unclaimed may be given here along with details such as number of shareholders, outstanding shares held in dematlunclaimed suspense account, voting rights which are frozen etc.

Note: {1) PAN would not be displayed on website of Stock Exchange[s). (2) The tenn "Encumbrance" has the same meaning as assigned under regulation 28[3) of SEBI [Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Table Ill· Statement showing shareholding pattern of the Public Shareholder Category & Name PAN No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights he!d in No. of Shares Shareho!ding Number of Locked Number of shares Number of of the Shareholders Share- fully paid-up Equity Shares Shares Shares of% calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

hcJders Equity Shares held underlying held asperSCRR, Outstanding full! conversion otherwise held in held Depository 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting rughts !Total as a% Securities securities (as a As a% of I Asa%of form Class Class Total ofT otal Voting (including %of diluted No total shares held No. total shares held Equity Pre f. rights Warrants) share capital (a) (b) (a) (b)

(I) (II) (Ill) (IV) M (VI) (VII= (VIII) (IX) (X) (XI) =(VII) +(X) (XII) (XIII) (XIV) IV+V+VI) Asa%of

I A+B+C2

(1) Institutions

(a) Mutual Funds 4 16,187,472 0 0 16,187,472 9.19 16,187,472 0 16,187,472 9.19 0 9.19 0 0.00 NA 16,187,472


UTI • Core ~q"ity Fund AAATU1088L 1 7,114,794 0 0 7,114,794 4.04 7,114.794 0 7,114,794 4.04 0 4.04 0 0.00 7,114,794

IDFC Equity Opportunities Fund -Series 4 AAETS9556K 1 9,032,374 0 0 9,032,374 5.13 9,032,374 0 9,032,374 5.13 0 5.13 0 0.00 9,032,374

(b) Venture Capital Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 Name (xyz) NA

(c) Alternate Investment Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 Name (xyz) NA

(d) Foreign Venture Capital Investors 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 Name (xyz) NA Foreign Portfolio· Corp.

(e) (previously Foreign Portfolioo Investors) 58 21,132,198 0 0 21,132,198 11.99 21,132,198 0 21,132,198 11.99 0 11.99 0 0.00 NA 21,132,198 Names :(Holding above 1%)

Morgan Stanley Asia (Singapore} Pte AAECM3575F 1 4,221,805 0 0 4,221,805 2.40 4,221,805 0 4,221,805 2.40 0 2.40 0 0.00 NA 4,221,805 Retail Employees Superannuation Pty Limited as Trustee for Retail Employees Superannuation Trust AABTR1250N 1 3,381,806 0 0 3,381,806 1.92 3,381,806 0 3,381,806 1.92 0 1.92 0 0.00 NA 3,381,806 East Bridge Capital Master Fund Ltd AACCE9888M 1 1,815,676 0 0 1,815,676 1.03 1,815,676 1,815,676 1.03 0 1.03 0 0.00 NA 1,815,676

(Q FinanciallnstitutionsiBanks 8 221,819 0 0 221,819 0.13 221,819 0 221,819 0.13 0 0.13 0 0.00 NA 218,409 Name (xyz)

NA (g) Insurance Companies 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name (xyz) NA

(h) Provident Funds/Pension Funds 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 Name (xyz)

NA (i) Any Other (Specify) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Name:

Sub-Total (8)(1) 70 37,541,489 0 0 37,541,489 21.30 37,541,489 0 37,541,489 21.30 0 21.30 0 0.00 NA 37,538,079

(2) Central GovernmentUState Government{s)/President of India 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 Name (xyz)

Sub-Total (8)(2) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

Category & Name PAN No. of No. of Partly paid-up Nos. of Total Nos. Shareholding Number of Voting Rights held in No. of Shares Shareholding Number ol Locked Number of shares Number of of the Shareholders Share- fully paid-up Equity Shares Shares Shares of% calculated each class of securities underlying as a % assuming in Shares pledged or Equity Shares

holders Equity Shares held underlying held as per SCRR, Outstanding fuUI conversion otherwise hE>d in hE>d Depository 1957 Convertible of convertible encumbered dematerialized

Receipts No. of Voting Rights Total as a% Securities securities (as a Asa%of I Asa%of form Class Class Total ofT otal Voting (including %of diluted No. total shares held No. total shares held Equity Pre f. rights Warrants) share capital (a) (b) (a) (b)

(I) (II) (Ill) (IV) M (VI) (VII- (VIII) (IX) (X) (XI) =(VII) + (X) (XII) (XIII) (XIV) IV+V+VI) Asao/oof I A+B+C2

(3) Non--institutions NA

(a) Individuals-

i. Individual shareholders holding nominal share capital up to ~ 21· lakh 23,876 25,750,735 0 0 25,750,735 14.61 25,750,735 0 25,750,735 14.61 0 14.61 0 0.00 NA 24,814,343

ii. Individual shareholders holding nominal share capital in excess of ~ 21- lakhs. 56 20,321,864 0 0 20,321,864 11.53 20,321,864 0 20,321,864 11.53 0 11.53 0 0.00 NA 20,306,864

Name : (Holding above 1%)

Sunitha Vemulapalli AAIPV6103D 1 2,016,630 0 0 2,016,630 1.14 2,016,630 0 2,016,630 1.14 0 1.14 0 0.00 NA 2,016,630

(b) NBFCs registered with RBI 4 19,780 0 0 19,780 O.ot 19,780 0 19,780 O.ot 0 0.01 0 0.00 NA 19,780

(c) Employee Trusts 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0 (d) Overseas Depositories (holding DRs) (balancing figure) 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 NA 0

(e) Any Other (Specify) NA

Names:

i. BOOies Corporate 426 6,006,974 0 0 6,006,974 3.41 6,006,974 0 6,006,974 3.41 0 3.41 0 0.00 NA 6,006,294 ii. Unclaimed Shares Suspense Nc 1 866,665 0 0 866,665 0.49 866,665 0 866,665 0.49 0 0.49 0 0.00 NA 866,665

iii. Directors and Relalives 12 821,157 0 0 821,157 0.47 821,157 0 821,157 0.47 0 0.47 0 0.00 NA 821,157

iv. Clearing Members 38 77,401 0 0 77,401 0.04 77,401 0 77,401 0.04 0 0.04 0 0.00 NA 77,401

v. Trusts 5 72,372 0 0 72,372 0.04 72,372 0 72,372 0.04 0 0.04 0 0.00 NA 72,372

vi. Non Resident Indians Repatriable 307 706,556 0 0 706,556 0.40 706,556 0 706,556 0.40 0 0.40 0 0.00 NA 701,316



ix. IEPF 1 320,591 0 0 320,591 0.18 320,591 0 320,591 0.18 0 0.18 0 0.00 NA 320,591

x. Alternative Investment Fund 1 62,015 0 0 62,015 0.04 62,015 62,015 0.04 0 0.04 0 0.00 NA 62,015

Sub-Total (8)(3) 24,921 55,582,574 0 0 55,589,574 31.55 55,589,574 0 55,589,574 31.55 0 31.55 0 0.00 0 54,632,262

Total Public Shareholding (B)= (8)(1)+(8)(2)+(8)(3) 24,991 93,131,063 0 0 93,131,063 52.85 93,131,063 0.00 93,131,063 52.85 0 52.85 0 0 NA 92,170,341

Details of the shareholders acting as persons in Concert including their Shareholding (No. and%).

Details of Shares which remain unclaimed may be given here along with details such as number of shareholders, outstanding shares held in demat/unclaimed suspense account, voting rights which are frozen etc.: 866,665 Equity Shares (0.49%) are held in the name of 'Nava Bharat Ventures Limited- Unclaimed Suspense Account' against 1,239 Shareholders in demat form as on August 9, 2019.

Table IV· Statement showing shareholding pattern of the Non Promoter· Non Public Shareholder

Category & Name PAN No. of No. of Partly Nos. of Total No. Shareholding Number of Voting Rights held in No. of Total shareholding Number of locked Number of shares Number of

of the Shareholders Share- fully paid-up Shares Shares % calculated each class of securities Shares as a % assuming in Shares pledged or Equity Shares

holder paid-up Equity underlying held as perSCRR, underlying full conversion otherwise held in

Equity Shares Depository 1957 Outstanding of Convertible encumbered demateria-

Shares held Receipts No. of Voting Rights Total as a Convertible Securities Asa%of No. Asa%of lized form

held %ofTotal Securities (as a%of No. total shares (Not total shares (Not



(I) (II) (Ill) (IV) (V) (VI) (VII= (VIII) (IX) (X) (XI) (XII) (XIII) (XIV)

IV+V+VI) Asa%of

(A+B+C2) (1) Custodian!DR Holder

Name of DR Holder

(a) (if available)

(i) abc ... 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0.00 NA 0

(ii) efg ... 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0.00 NA 0 (2) Employee Benefit Trust

(under SEBI (Share based Employee Benefit) Regulations, 2014) NA

(a) Name:

Nava Bharat Ventures Employee Welfare Trust through its Trustee-Barclays Wealth Trustees India Pvt. ltd. AABTN5934H 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Total Non-Promoter- Non Public Shareholding (C)= (C )(1) + (C)(2) 1 2,800,000 0 0 2,800,000 1.59 2,800,000 0 2,800,000 1.59 0 1.59 0 0.00 NA 2,800,000

Note (1) PAN would not be displayed on website of Stock Exchange(s). (2) The above format needs to disclose name of all holders holding more than 1% of total number of shares (3) W.r.t. the infomnation pertaining to Depository Receipts, the same may be disclosed in the respective columns to the extent infomnation available.

Annexure


Sr. Details of the SBO Details of the registered owner Details of holding/ exercise of right of the SBO in the Date of creation I No. reporting company, whether direct or indirect•: acquisition


(I) (II) (Ill)



distribution

Exercise of control


*In case the nature of the holding/ exercise of the right of a SBO falls under multiple categories specified under (a) to (e) under Column Ill, multiple rows for the same SBO shall be inserted accordingly for each of the categories.


(IV)

GJ




Name of PAC No. of Holding

Shares %





Advanced Series Trust As! Wellington Managemeent Hedged Equity Portfolio 573,432 0.33





The Master Trust Bank of Japan Limited as Trustee of Nomura Global Contrarian Mother Fund 25,654 O.D1

Total 9,119,895 5.18


N Raju Company Se retary &

Vice President

The Board of Din·rtors :\ava Bharal Ventures Limitrd. 6-3-1109/l, 'lava Bhantt Chambers, Raj Bhav:lll Road, Byderahad · 500082 Telangana.

ANNEXURE- (e)

Sub: Faimcss opinion on the ,·aluation (::ll'ried out hy vir. V (i;\ N(ii\DIJARi\ RAO '\. Rq:ist~:rcd Valuct

For the pt·orwwd ntpit:tl n:!luetion for 'iava Bharat \'entun·s Limited undt•r S(•t•tion 66 n•:HI with t·ck\ant

pt·n, is ion>- of tlw ( om pan;,., Ad, 201J

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pr<>n·ss h..:ins ctrrivJ <>Ul [v, \Jr. \ ( i \'\\ ~:\1)11.·\IC\ 1\i\0 1\. ll.cyistered \aluc:r lot cklerminin[! the price !k'! ,Jure, '"he paid tu tile public sliarclloldt:r\ on tile pwpnsed capital rcducti<lll l(lr "'''a llh;tr:i\ \'c~i!lurc, l.imitn! i "!'i B\ 1." i

I. BACKGROC!\D OF TilE (();\II'A\Y

I I I ilL' Cnmp:my is o:ngasc·d in tile• hu,illc'" ,,( PP\\C!' sc:n<.:nttiUII it!id (),\\! Se'nin·;. krnJ alk>\S, llli!l!llg. ;~grj,,

business am! ht:illtll C:!J'(' SCI'\ it.'e''· l'lw ( 'ornpan: is in business ,,,r ft)Ur ck·c\J<:ii d!lcl dJW!'ak;, in difi('IT:H

gcdt~raphi(.·.:; sp;mninf!. dtTo\~ India. \\)tHh-t.~;t\1 A~i;l :md i\f"ri~_·,~.

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rq!ish:rc·d ,,!.lie·c· .tl (J.·\.J li!'l \, ""'" Hl1:rrat ('h:Hllhc·r\. R:ij llh:r~an JZ.-:rd. II~Jcrabad ·.,~lit! !iX2. lc'!Jii}idlld,

lc:kph"n'" · 'i I ~I) 2,~.!1),i)(J I .. i!hl i ,l\ · •! I -l!! .'3-l(!.itll.i. OKil l>ilXX I• 121 I he• ('I'\ oi the c·nmpcln I :'7!!lllt,J•I7::I'I,('lilll:"1'i I he' ( •'lllf'Clll' ""' llliFi:wlh itK"!'j'<lratc:d ;;; "N;!I,J llh;tr,.ll h·:-ro .-\!loy\ I :mite•d .. ont.kl' thl· !"'!'{i\ i'->HH~--. (,(( \d. l\i~() on "\u\l'lnbt•r 07. llJ72 I uniH:r. the n;ll!lc tll' the Co1npan:. \\a\ \.:h~1ll.~l·d tl) ··~;t\d nh~ll'd\ ,.l'lllUI\_'·~ I lnlitl'!.J' \ idv t.'l'rliiil'i!lC ur ~,.·!lange dl na!lh' dated Jui: 07. 200() ;~~llt'd

b) l{~·gi,tr:lr of C'<'l11j):llli<";. \ndhr:t l'r,;dcsh. I lnkrahcJd l he I quil.' Slurc'\ nl ilw (\Hnl'•m; """ li·;r,·d <J!l

BSl Lillli!<.:d ;md Ncitional Sto,·k I \c·h<>nc:,· •d litdia l.imitc:d .

... ·\s ()!1 the date oft hi\ reporL the· prnlnPk'r Jnd prullhltcr grouj'~ h()ld :1:\.)h<~q out •.)r th\.' full: p~tid up cqui1; )ll~nc

c·apital <lf R,. 35~4 .. l.J lakh> :111d 5·1.-J.-J"·o i> lwld b; the public sharc•hnlde·r,.

2. SCOPE .-\ND Pt'RPOSE OF TillS REI'ORT

2.1 \\ c understand th;tl the Iiilard "r l)irectors or NB\'1. arc propu"ing capitcli ro:duc:tion under ~cction (J(l uf Companies Act. 201.1 by tiling a jx>1i1inn with Ot<: NCLT and ha\·C oht:tind a valuati\)11 n:JWrl datc:d 01(' :\ugt~>l 2019 tl·om \lr. V (],.\N(i;\1)11,\IC\ RAO 1'\. Registered Valuer (llcreinalkr rd~·rrcd tn a> "\·alucr"i tu arri\c al

the price f(lr proposed c:apital reduction.

Karvy Investor Services !..!rnlted

In thi> connection. tiH: managcm..:nt nf\ill\ L hao cng;tgnli<ISI to ,ubmit a l;timc-,'> opinion on the ~;liu<ttion .. r equit~ share fc1r Clpit:ll reduction cltTicd ntll hy V:iluer. tlur ,,·ope of ''''rk indudc·, c<.Hnmtnting on!; on tile filirtK''' or cquit; share 1:duc rcconlm,•ndcd h) tiH: Valuer and not on the l:tirncss <lr cconomi,· rational •. · ,,r \Ill· capital rcducti,•n.

!his I'L'Pi\rl is <.!tbj,·,·t to ilh· "·ope·. iimltali<llh :md Ji'<·l.timc.T\ dt'li!i!c:J herein;:l'rc·r. \> , .• uch thv rcpun i,; to he r~:~ld in Iot:dit}. !hi! in p~)rh ~Hhi {n ~:t~niU!l(..'titHl \\ fth t!H .. " rek·, ;nH do1..'UI1h.'l1h rd\.:rn.:d to h~n.:!n, l'hh ~':.;pOrt hih

been i"ucd ''nh l<'r the pmpP'>c '" i~lL·iiiUtillL! th,· l\lpltai reduction and ·.hnuld not bl· used !(Jr an; i\thcr

purp• '"'·

J. SOUH.'ES OF 1\IOinL\TIOi\

\\ c h;tn· rl'li<:d <ll1 the loll\l\ling inilmll~lli<ll1 l(>r !raming <>lll<'l'iniun "n tlw iilitnl'<.' oi :he \iduatiPIL

al C\:rtiikd Hduathlll report h; Mr V (j;\1\( ii\Dil!\1(·\ IL\0 :\. RcL'i>tncd V<liucr d~lll'd m( .'\U}.!USt 2(1 I'J.

hi ,\udited hn;HJ<·.ial Stal<:lllCill' <>f0:HVL f(>r pnind cnJc·d \'latch 3 I. 2019. <'I ( ltlwr rek1 ant infonnali(ln rL:),'ardlllg N 1\ \'I. clJ l'rm·isinnal Balance sheet as on .liiiW .'0. ~?0 19.

4. Ll\liTATIOi\S OF SCOPE AND REVIEW

,LJ Our ()pinion c1nd ana!:- sis j, limitnl t•• the ,·sknl ,,frc·\ic·" oi'donnnc'nh "' pn!litkcl to u<. h) the Cnmpan;, We h~!l,: relied upon the il('c'llr:tc:- and c·nrnpkic'llc'ss ,,r all inl;nnatir>n and doc'umc·nh pro' ided h> u:;. without :..:arr~in¥ out an: dth.' di!igL'IlL'l' ur iiKit·pl'!h..knt \criricauon or \~di~btion d( -..ud·1 inr~H·rnatiun to l~~)tahlish ih ~ll..'diLh': or '>ui'li~..:il'lh:~. \\"c ll.nv !l!)l r;..·\ i~.,·\\l"d ~m;, lin~uH.:i~d (n!\.'\..~hh o( the ( ·\Hllpan:·. \V._~ iLl\i...' npt condll~tcd

~m: indcpcnJcn! '~du~Hion Pr ..tppr;.ti'l~d n!'.tii} tlllhl' ib1l'l:-, ur li;tbditiL''\ oft!Jr ( 'oni!\lll_\. In p::rtkuiar. \\t' d11 nnt t'\PrL''' :tn; (lf'~IDHI!l ;J\ It) ~ih: \ ;dtH· (11 :Jn_'-. ~t'>'-.\.'! til ( ·~..~tnp:Ul\. '-'h'-·thcr :1! Z:ll!T\.'nt pnc<.~\ ~·~r in the fuiul\:,

~L~ \\~·~..in IHH ,·\pi\:\'-> ~1n: dpioio~t ~t~\ ttl d!l} Ll\ ur ul!lt'r L'Ul1\~'\1Ul'lh'(.') tll~H niiglH ;iri-..e l"nHn lih' proj!P'>('d ~-';tpna! l~'Jll~.-·uot~ ti.) th.· ( \"~t11p~m: and tih.:i!' !\::>j"·-..\ .. ·ti\t' ·-.,hal\:!h)!~.ivr·,. i1P'- lJ\)~.-·· ... t.Htr llpinitlll dt..hJrc"'~ ~il"l'· Ll\. .

. J .1 \\ C ,hS1Hl1C l1tl l'l.~Sf"Oibihilil.\ l(w op ... hHii1,S dl" l"l'\ ising Ollr dpiniPn bdSI..."d on L"if<..'Ufll:-:.laOt..'\~;-.. d! l"\ t:llt~ i.JCt.'Urrin~

;tlkr the datl' hercoL Our opinion is spccilk to the Capitall{dtictinn as dl'Cidcd by lhc lloarJ of Dircct<.>rs and i:, not 1 :did !or 1111: •>ther purp<>sc

4.-1 \\'c ma; currently or in 11ll' liltnrc prm ide. ill\'l'Stmcnt banking s<:rvin:<. to the c·,lll11KI!1} :md :mJ.:,H· its ;;ubsidiaric<. or th,;ir rcslll'l'ti\ c anlliatcs that are unr.:lated l<l tho: proposed transa.:tic>ll. J(>r \lhich ,;ervice:; IH'

ha\c rna; receive cu:-,tomary f<:cs. In addition. in the urJitwr: t:tiUr:-it.: cd· tht.~ir r~:21p~cth'C busin~..~:;s~,.'~, ~ll'li!iutl·~)

nl K lSI nuy actin~! I trc1de in the ~,·,·uri tic•.; pf the (:om pan:- :H1d nr it.; group com panic<. or l(>r th(~ir own account> and fur the <t<X<Hlllh of their cu\lunJLTS and. :ll·c·ordingl;. 111:1; at an; tinw llnld a positiun in such sccuritit:o>. Our cnsas..:mcnt am! the· "!'inion <:.'\prc:"c:d hct'l'ill drc for the the of the Board uf Directors of til<: { ".Hnpan; in c'OilllL'l'lion 11ith th.: n>nsiderati<Jn of the Capital Rc·duction :u1d t(w non.: other_ \ic:ithcr I< lSI.. nor it-... ~dliii~Ht~\. partner~. din_·~..:ior~.. ~harclk•lder"- nunag~..·r~;. l~rnpk\y(:'c:-. t\r agl'!llS nt' ;H1: nl' lhern. rnakc~ an: rq"e'cnt,lli<Hl ur "'JIT~llll.\. e.\prc.;s or i111pliL'd. "'til tile inl(>rntation ,tnd doCUill<:lll' prmid,'d toil\. ilascd un 1>.hich llll' upiniun h:t<. bc:c:n issuc:d. i\!i >Ueh parties and cntitit"i (•sprc·ssl: disclaim ;ln:< and all liahiiii) 1(1r. <>r h<bc:d on <lr rc·lating. l<l an; such information c,>nt:linvd therl·in.

-1 5 t )ur dplnion i\ fh)t inlt•thk·d to an~l doL·s not ron::~tiltttt' ~~ !\_' ... \)!li!11Cr1liation !d ;l.n; sh~trt•h,lilkr ;h ld hn\' ....:uch h1\ld ... ·r should \.ok· o1· tll..'"t in ~('l)!lCction \Vith the Prd!•o·~\.~d C.tpital Rl-·\..lu~..·ti<H1 or <1n: 111~1tl~:r n.:latt•d thcr~tu.

S. VAI.IlATION \lETIIO()OI.OCIFS A!\D 1.1\IITATIO'.JS

5.1 I hct'<c ar(· Sl'\crai con11nonl~ used :l!lc! ;1ec.:..:pted nH:thods ti.1r dckrlllining tlw fair .. ·,!lue of equity shar,•, or a Cdt11pany. It shtHJid bt· Ulh.kr;-;toud that the valuati()J1 (lf an_) C(1Jnpan) is inherL·nll) :-.ul~je ... :tin: ~1nd i-.:; su)-,_jt:-ct tu

certain unccrtaintiC'· and C<lllling<.'tKil'~. all of ll'hich are diflic:ult to predii.'l and are lx:yoml the comrnl ni' the c·ompan; s llla1Ja;,'CI11l'11L In pcrtormin!,'. the analysis, thl' \';lluer i.-, rcquJr(·d to mal-;(· assumptinn\ 11i1h r<~spcd l<l

l'iige 2 of 3

indu:-.tr; p~.._·rt~H'tn<ilh'l' ,ilh~ ::..:\.'illTJi hu·-....,or..·:-:,, ~wd .... ·~..:~HJt)/nir...· r...'dndi!i( 1rh. 1)\,tn; \)1" \\hicl; dl'-.' bc~~~~~d tht.' t.'l)!\f!nl ~..)i

the ,.:Pn1pa!lic"' ;lnd ~lll: til'\ i;Hiun lJ~)!\i d\'ttnnptiPil"- Jna.\ lt\td tn \i~ni li,:~ult di!"l"t:rl·ncc in the\ JitJJtiPIL

5.2 I\ ~~ cru.:ial lu apply .1 L1ir dlhl rc.h,,ll~!hk nh:thudoh'_::.\ nr ~t \.'U!llbin~itidn oi \ ar·f~\lb llh.:thoJ ...... in :--.nd"l .1 nLtll!h.'r

that lhe Jinal outc'OIIll' i~ clo:,,T lu lhc· n·rt.tilll\ and accouni' f(,r inhl'rl'llt limitati<lll\ of c:t<:h of thv tnc'lil",l;, individual!: but onl:- appnlpriatc mcthnds simultancnusl). h! :tppl!ing an appropriate wcightagc t<• ,u,·h nwthods.

~.3 We hmT oh,cncd that tlw \alun h:" <tpplid Weighted AYentt~'· of\1arkc·t Value.l'rofill:arning Cap<H:it; Value: <tlld nn,,k \aluc·. The,;,· <tpproache, being .tpplicd ointuil<llll'UUSI). \\ill more liht.'l; than lllll. prutcct thl' \;liuc' determined from any dunges in as-,ttmplions 111:1dc 11 hich ari.' e-;ll'rnal l~tc'hws and are h,~ynnd tlw control ,,f tfw c'o111p:H1~. It is :lisP nhsc'r\cd that '>Itch a cnmhination approach is preferred h: most of th" Valuer;; j,,r :m·i, int: at

th(: fair and reasonable price.

(,, \':\Ll ATIOl' REI'OnT

\!li\'1 il<l\c' <tppointcd \]·,. ,. <i<l!l):'aclh:tr:l Rao \!. Rc'):'iStl·rc·cl \'alu.:r I<' rcc:ommcnd a \aluc per share for the purpose of 1\c'diic:t i, >n nl Share < · :1pi t:d Pl.'\ ll \·I

"!lltJtli <>pininu l<•r the· pur;><;;c· lllpr<>P•'\l·d rc·duction <~i ·;li:lrc· ,·::l'iLii. the l:tir \ :d1J<: \l( R\ i .;q 1\.l- ['<'~' <'<tch oi \:quit_:. ;'\h~trc 1d, \l-". \..t\~l 1\h.:tldt \ 1.:ntwc-. l_ii!Jitcd b cou~idt:H·d tn hv ~tpprPpri,ltt'--

., OPI'iJO'\

(It; the ha'i' or tile 'aluation rL'J'<lrt dlld consi1krin!::' the Scope and !.imitation-. mentioned in tlli'> rc'P<lrl. \lc' Me

tlltlw tlpini,lll th:tl the qJuc· pc:r cqui!\ -:hare arri' c·d 11\ i'vlr \' ( i:\'\( i,.\1)1 L\R.\ 1{:\0 \:. Rn!i,ll'lc·d \';Jiuer 1\

Ltir \<>til.: hjltit; Slur<'ih>kk:·,. ,IJ''\IlVI..

1'. Balraj As.,ist:wt (;L'IIt•ral ·'lanagt·r

NAVA BHARAT VENTURES LIMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD - 500 082, TELANGANA, INDIA

NAVA BHARAT

To

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block Sandra Kurla Complex, Bandra (E) Mumbai - 400051

NSE Symbol: 'NBVENTURES'

Subject: Formation of Employee Welfare Trust Ref: your letter dated 11.09.2019

Dear Sir/Madam,

Date: 12.09.2019

With regard to the query relating to information on formation on Employee Welfare Trust, we submit as under:

Reason for formation of employee welfare trust:

Nava Bharat Ventures Limited by itself and through its affil iates has its operations spread in India, Southeast Asia and Africa. In order to manage these geographically dispersed operations, the Group positioned key management personnel with professional competence in the respective functional areas. However, employee retention poses a significant challenge in the backdrop of potential competition and wide ra nging needs of employees, which may not conform to a standard across the Group. To meet such challenge, the Board of Directors decided on 3 rd October, 2011 to constitute "Nava Bharat Employee Welfare Trust" under "Nava Bharat Employee Welfare Scheme" as a globally positioned entity to cater to the needs of employees of the group at various levels and across business segments.

Nava Bharat Ventures Limited vide an indenture of trust dated 25th January, 2012 has created a trust for the benefit of its Employees of Nava Bharat Ventures Limited and its affi liate ca lled Nava Bharat Ventures Employee Welfare Trust and has appointed Barclays Wealth Trustees (India) Private Limited as its Trustee.

In order that the welfa re scheme and the Trust constituted thereunder discharge their set objectives effective ly, the Trust had been provided with reasonable disposable fund/securities , so that such fund/securities would enable the Welfare Trust to make reasonable surpluses in course of time and such surplus could form the core of the corpus of the Trust eventually.

Te lephone: (040) 23403501, 23403540, e Fax: (080) 66886121, E-mail : [email protected] Website : www. nbventures.com Corporate Ident ity No. : L271 0 1 TG 1972PLC00 1 549


The Trust initially invested in the shares of the Company to afford good potential for capital appreciation in view of the ongoing and planned investment initiatives of the Group across India, Southeast Asia and Africa. The Trust holds the investment in the shares of the Company for a reasonable length of time before unlocking the value and form the corpus. Till such time as the intended targeted objective was achieved, all accruals and benefits related to those holdings could be made use of by the Trust in pursuit of the welfare of the employees of the Group.

In order that the Trust was able to operate on a reasonable scale, the Board approved to extend a loan upto Rs.50 Crores from the internal generations of the company to the Trust with a direction that the Trust should deploy the proceeds of the loan initially in secondary market including the purchase of the Company's shares. The Trust should repay the loan extended by the Company by liquidating such shares as are necessary for such repayment and to retain the surplus. Such surplus would constitute the core corpus of the Trust, which the Trust would be free to deploy in various investments including in the shares of the Company from time to time while meeting the employee welfare needs of the group.

The welfare initiatives for which schemes may be formulated by the Employee Welfare Committee shall cover among others, the following areas which are as follows:

Providing medical assistance including but not limited to hospitalization expenses of Employees, their spouse and dependent children.

Providing scholarship, grant or any other form of assistance to employees for their higher education in India or abroad or for education including but not limited to education fees for the higher education of the children of the Employees in India or abroad.

Providing incentive to performing employees.

Providing housing facilities to employees.

Marriage expenses of dependent daughter (s) above 21 years of age, of the employees.

Providing for talent attraction of new employees.


Possession of company shares by employee welfare trust:

The employee welfare Trust holds "Trust Property" compris ing 28 lakh equity Shares of Rs.2/- each of the Company as detailed hereunder:

14 lakh equity shares were purchased from the secondary market on 91h March,

2012, out of the Loan funds made available by the Company to an extant of Rs.28.78 crores (approx.) which was approved vide Special Resolution on 81

h August, 2012; and

The Board of Directors of the Company on 22nd July, 2016 approved issue of bonus shares at 1:1 ratio and allotted 14 lakh equ ity shares on i h September, 2016, consequently the share holding of Trust increased to 28 lakh equity shares of Rs.2 each of the Company.

Further we wish to submit that, no proceeds of the Trust have been allotted nor extended to the employees of the Company.

The capital evaluation certificate for 99,47,020 equity shares held in trust by of Nav Energy Private Limited duly signed by the Company Secretary is enclosed as Annexure to this letter.

Thanking you

Yours faithfully

VSN Raju Company Secretar Vice President

Encl. : as above.


NAVA BHARAT

Capital Evaluation of Nav Energy Private Limited (NEPL}

No. of Issue Date of shares Price

Issue issued (Rs.)

18.02.1997 5,86,250 -

17.12.2002 4,08,452 -

01 .09.2005 49,73,510 -07.09.2016 49,73,510 -

Date: September 12, 2019 Place: Hyderabad

Type of Issue (IPO/FPO/ Preferential Issue/

Scheme/ Bonus/ Rights, etc.)

Transfer of fully paid-up equity shares to NEPL after Amalgamation of Nav Chrome Limited with Nava Bharat Ventures Limited (formerly known as Nava Bharat Ferro Alloys Limitedl Issue of equity shares in lieu of redemption of 12% Non-Cumulative Redeemable Preference shares

Stock split in the ratio of 5:1

Issue of Bonus shares in the ratio of 1:1

Te lephone : (040) 2340350 1, 23403540, e Fax: (080) 66886 121, E-mail : nbvl@nbv. in Website : www. nbventures.com Corporate Ident ity No.: L27 1 01TG1972PLC001549

Whether Cumulative listed, if

capital not listed, (No of give

shares) reasons thereof

5,86,250

Yes

9,94,702

49,73,510

99,47,020

NAVA BHARAT VENTURES LIMITED NAVA BHARAT CHAMBERS, RAJ BHAVAN ROAD, HYDERABAD - 500 082, TELANGANA, INDIA

NAVA BHARAT

Date: September 13, 2019

FORMAT FOR REPORT ON UNPAID DUES

S.No Particulars

1 Pending Dues of SEBI

2 Pending Dues of Stock Exchanges

3 Pending Dues of Depositories

NA: Not Applicable


VSN Raju Company Secretary & Vice President

Details of

Dues I fine

NA

NA

NA

Te lephone : (040) 23403501, 23403540, e Fax : (080) 66886121, E-mai l : [email protected] Website : www.nbventures.com Corporate Identity No. : L271 01 TG 1972PLC001 549

Amount

Nil

Nil

Nil

Reason for

non-payment

NA

NA

NA

NAVA BHARAT VENTURES LIMITED...Chambers, Raj Bhavan Road, Hyderabad-500082 (TG) was incorporated on...

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