FAQ
1. What is the size of the Gujarat NRE group?
2. What is the promoter's holding in the company?
3. What is the holding of FII, Mutual Funds & Financial Institutions/Banks in the company as on 31.03.2016?
4. What is the holding of individuals in the company as on 31.03.2016 ?
5. What is the composition of the Company's Board of Directors?
6. Where are the company's plants located?
7. When was last bonus issue made by the Company and what was the ratio ?
8. I have still not received the Annual Report for 2015/16?
9. How do I receive credit of dividends in my bank account?
10. What are the latest developments in GNCL?
11. Repeated questions by shareholders on different dates & issues
12. Let us know about DVR/B Equity Shares of the company
1. What is the size of the Gujarat NRE group?
Ans:Gujarat NRE Coke is a company with a net worth as on 31.03.2016 of Rs.1163.27 crores and a turnover of Rs.731.47crores. The market capitalisation at NSE as on 31.3.2016 (including ‘B’ Equity shares) was approx Rs. 380 crores.
2. What is the promoter's holding in the company?
Ans: The promoters hold 24.74% of equity share capital and 33.34% of the ‘B’ Equity share capital as on 31.03.2016.
3. What is the holding of FII, Mutual Funds & Financial Institutions/Banks in the company as on 31.03.2016?
Ans: As on 31.03.2016, the FII investment in the company is for 39968763 shares which translates to 3.20% of the equity and they also hold 1504721 "B" Equity Shares representing 2.87% of B Equity. Mutual Funds & Financial Institutions/Banks hold 531408051 shares comprising 42.48% of the equity and they also hold 3651813 B Equity Shares representing 6.96% of B Equity.
4. What is the holding of individuals in the company as on 31.03.2016 ?
Ans: Individuals hold 305731538 shares as on 31.03.2016 that translates to 24.44% of the equity and 21866953 ‘B’ Equity Shares which translates to 41.66 % of B Equity signifying the confidence enjoyed by the Company from individual investor.
5. What is the composition of the Company's Board of Directors?
Ans: The company is managed by a professional Board of Directors under the leadership of Mr Arun Kumar Jagatramka, Chairman and Managing Director. The other members of the board are:
Mrs Mona Jagatramka, Director
Mr Sisir Kumar Mukherjee, Director
Mr S Murari, Director
Mr Amit Kumar Majumdar
6. Where are the company's plants located?
Ans: Gujarat NRE Coke's operations are spread over India in the following locations:
Metallurgical Coke (Met coke) plants: |
Khambhalia, Gujarat |
0.358 MTPA |
Bhachau, Gujarat |
0.528 MTPA |
Dharwad, Karnataka |
0.248 MTPA |
Total (GNCL) |
1.134 MTPA |
Bharat NRE Coke Limited, Dharwad, Karnataka |
0.324 MTPA |
Total Group Installed Capacity |
1.458 MTPA |
| |
|
Steel Plant : |
|
Bhachau, Gujarat (Installed Capacity) |
0.311 MTPA |
| |
|
Power Project : |
|
Wind Mill |
87.5 MW |
Waste Heat (Under implementation ) |
30.5 MW |
| |
|
7. When was last bonus issue made by the Company and what was the ratio ?
Ans:The last bonus issue was made by the Company during May 2010 in the ratio of one B Equity Share as bonus share for every 10 equity shares held.
8. I have still not received the Annual Report for 2014/15?
Ans: We had already sent the Annual Report for 2014-15 to all our shareholders. You can also get the Annual Report from our website site or by clicking the following link http://www.gujaratnre.com/annual.html. We would request you to please have your address updated with your Depository Participant in case there is any recent change in your address.
9. How do I receive credit of dividends in my bank account?
Ans: You are requested to have your bank details (provided your bank is ECS participant) updated with your Depository Participant so that the data gets updated in the records of Depositories and your dividend gets directly credited in your bank account. The Company has been unable to pay dividend for the past few years.
10. What are the latest developments in GNCL?
Ans: We would request you to kindly visit our website at www.gujaratnre.com for the latest updates of GNCL.
11. Repeated questions by shareholders on different dates & issues
Ans: Please appreciate that we have more than 2 lac shareholders and can’t respond to multiple emails from a single shareholder. It would be appreciated if you send us a single email with your consolidated queries and preferably sent through email at[email protected]. Please also note that most of the information is part of public domain available through various notices and announcements made by the company and uploaded at our website.
12. Let us know about DVR/B Equity Shares of the company
Ans: Please note that the "B" Equity Share comprises of issue of equity shares with differential voting rights (i,e, lower voting rights).
To clarify this further, in case of an AGM/EGM:
- If the voting has happened on poll or postal ballot an investor will have representation for the DVR shares as one voting right on every 100 equity shares held;
- In case of show of hands both the type of shareholders i.e., shareholders holding normal shares as well as shareholders holding DVR will be having the same rights because on show of hands it is the person which is counted as a one person one vote and not on the basis of the holding.
Apart from differential voting rights all other rights of "B" Equity Shares are similar to the Equity Shares of the Company i.e. they would carry the same dividend rights etc.