Shareholder Information
Registered Office of the Company
“Parry House”, 43 Moore Street, Chennai 600 001
Forthcoming Annual General Meeting
Friday, the 5th August 2011 at 2.30 p.m. at T T K Auditorium, The Music Academy, 168(Old No.306), T T K Road, Royapettah, Channai 600 014. Last date for receipt of proxy forms: 3rd August 2011.
Financial Year
1st April to 31st March
Book Closure Dates
Friday, the 26th July 2011 to Friday, the 5th August 2011 (both days inclusive).
Share Capital
The paid up capital of the Company was Rs. 186,941,986 comprising 93,470,993 equity shares of Rs.2/- each.
Dematerialisation of shares
The Company has signed agreements with both National Securities Depository Limited (NSDL) and with Central Depository Services (India) Ltd. (CDSL) to provide the facility of holding equity shares in dematerialised form.
As per SEBI’s instructions, the Company’s shares can be sold through stock exchanges only in dematerialised form.
As on 31st March 2011, 89,660,523 equity shares constituting 95.92% of the total paid up capital of the company have been dematerialised.
Instructions to shareholders
a) Change of address
Shareholders holding shares in physical form are requested to submit change of address requests to the Company’s registrar M/s Karvy Computershare Private Limited (Karvy), not later than 20th July 2011. In case of shares held in demat form, shareholders are requested to ensure that their Depository Participant updates the change of address in the NSDL / CDSL system latest by 25th July 2011.
b) Electronic Remittance of Dividend
i) National Electronic Clearance System (NECS)
In case of shareholders having accounts with banks using Core Banking Solutions, full details of their bank accounts including their bank account number (having not less than 10 digit) allotted by banks post implementation of the Core Banking Solutions (CBS) and the 9 digit MICR Code, may be registered with Karvy for physical shares and with the Depository Participants by 25th July 2011 for electronic shares.
In case of such shareholders, dividend will be directly credited to their bank account through NECS, if their branch participates through NECS Clearing.
ii) Electronic Clearing Service (ECS) / Dividend Warrants
In case of shareholders who do not have a NECS Compliant bank account, full details of bank account, full details of their bank account (including the 9 digit MICR Code) may be registered either with Karvy (in case physical shares) on or before 20th July 2011 or with their depository participants (in case of demat shares) on or before 25th July 2011.
The bank account details will be used to remit the dividend by ECS in case of shareholders residing in those designated ECS centers as finalized in consultation with the Company’s bankers. In case of shareholders not residing in designated ECS centers, the bank account particulars will be incorporated in the dividend warrant to avoid fraudulent encasement of warrants.
c) Unclaimed Shares
physical shares, which remains unclaimed by shareholders, need to be demated by the company and kept in an "Unclaimed Suspense
Shareholders are entitled to claim these shares after complying with laid down procedures.
d) Green Initiative in the Corporate Governance
The Ministry of Corporate Affairs, Government of India ("MCA") has, by its circular dated 21st April 2011, announced a "Green Initiative in the Corporate Governance" by allowing paperless compliances and communications by companies. In terms of the said circular, service of notice/documents by a company to its shareholders, required to be made under the provisions of the Companies Act, 1956 can be made through the electronic mode. In line with the above initiative of the MCA, the Company proposes to send documents such as the Notice of the Annual General Meeting, audited financial statements, Directors' Report, Auditors' Report, postal ballots etc., henceforth to all its esteemed shareholders, in electronic form, through e-mail. To facilitate the same, we request you to furnish your email id on or before July 20, 2011 to the following e-mail id viz., culn.cs@karvy.com quoting your folio number.
Alternatively, you may also write to our Registrar and Share Transfer Agent, Karvy Computershare Private Ltd. This information will be used by us for mailing dividend intimations and also future communications.
Address for Correspondence
Compliance Officer
S Dhanvanth Kumar - Company Secretary
Carborundum Universal Ltd.,
"Parry House"
6th Floor, 43, Moore Street,
Chennai - 600 001.
Tel : +91 44 4221 6141,
Fax : +91 44 4221 6149
Email : investorservices@cumi.murugappa.com
Registrars and Share Transfer Agents
Karvy Computershare Private Limited
Plot Nos. 17-24, Vithal Rao Nagar,
Madhapur, Hyderabad - 500 081.
Tel : (040) 23420815 to 23420824,
Toll Free No : 1-800-3454001,
Fax : (040) 23420814
Email : mailmanager@karvy.com,
Web : www.karvy.com
Investor Services Officer
M C Gokul - Asst. Company Secretary
Carborundum Universal Ltd.,
"Parry House"
6th Floor, 43, Moore Street,
Chennai - 600 001.
Tel : +91 44 4221 6142,
Fax : +91 44 4221 6149
Email :gokulmc@cumi.murugappa.com, investorservices@cumi.murugappa.com
Chairman's Message
Dear Shareholders,
2010-11 was a year of excellent all round performance for Carborundum Universal Limited (CUMI) across the world. The company, its subsidiaries, joint ventures and associates turned in a record performance in the wake of improving economic conditions worldwide, more particularly in India, South East Asia, Russia and to an extent in Australia and South Africa....
Value Chain
