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A huge rise in the traded volumes and price of the shares of Kelvin Fincap Limited was detected. SEBI undertook preliminary inquiry in the dealings in the scrip during the Examination Period. The price of Kelvin's shares increased from 118 / - to 535/ - in 205 trading days.
A huge rise in the traded volumes and price of the shares of Kelvin Fincap Limited was detected. SEBI undertook preliminary inquiry in the dealings in the scrip during the Examination Period. The price of Kelvin's shares increased from 118 / - to 535/ - in 205 trading days.
A huge rise in the traded volumes and price of the shares of Kelvin Fincap Limited was detected. SEBI undertook preliminary inquiry in the dealings in the scrip during the Examination Period. The price of Kelvin's shares increased from 118 / - to 535/ - in 205 trading days.
SECURITIES AND EXCHANGE BOARD OF INDIA ORDER UNDER SECTION 11(1), 11(4) AND 11B OF THE SEBI ACT, 1992 AND SECTION 12A OF THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 - IN THE MATTER OF KELVIN FINCAP LIMITED. 1. Pursuant to the detection of a huge rise in the traded volumes and price of the shares of Kelvin Fincap Limited {formerly known as Dahyabhai Sons Limited and hereinafter referred to as "Kelvin "} on the Bombay Stock Exchange Limited (BSE) during the period from June 18, 2013 to May 29, 2014 (hereinafter referred to as "Examination Period"), Securities and Exchange Board of India (SEBI) undertook preliminary inquiry in the dealings in the scrip during the said period.
2. It was noticed that during the period from June 18, 2013 to July 23, 2013 (Patch 1), the price of the scrip rose from `151.55/- to `225/, i.e. an increase of 48% in 26 trading days. On July 24, 2013, the shares of Kelvin were split in the ratio of 1:1 and from July 24, 2013 to May 29, 2014 (Patch 2), the price of the scrip increased from `118/- to `535/-, i.e. an increase of 353% in 205 trading days. An illustration of price/volume movement in the scrip of Kelvin during the Examination Period is given below:
0 20000 40000 60000 80000 100000 120000 140000 160000 180000 200000 0 100 200 300 400 500 600 Total Volume Close Price Brought to you by http://StockViz.biz Page 2 of 55
3. Kelvin had a share capital of 9,96,000 shares of `10/- each as on December 31, 2011.From the Annual Reports of Kelvin for FY 2011-12 and FY 2012-2013, it was observed that it is in the business of financing and investing and it had earned a negligible profit of `25,869/- during 2011-12 which marginally increased to `43,957.13/-, at the end of the FY 2012-13, with negative reserves. Kelvin's financial statements for the quarters ending June 2013, September 2013, December 2013 and March 2014 also indicated negligible profits earned by it during the relevant period. It was further noted that during the Examination Period there was no corporate announcement made by Kelvin which could support such price rise in its scrip. Thus, the sharp rise in the price of the scrip of Kelvin during the Examination Period was not supported by its fundamentals or any other genuine factor. It is interesting to note that the shares of Kelvin were suspended on BSE till November 2011 and till March 29, 2012, there were no trades on BSE except a single trade of 50 shares at a price of `8.55/-. Strangely, inspite of such poor fundamentals, Kelvin was able to raise `13,00,00,000/- by issuing 1,30,00,000 shares in physical form to certain entities ( individuals and a few corporate entities) at `10/- per share on March 20, 2012. To invest in a company having such poor and meagre fundamentals at a price which is at a premium to the prevailing market price cannot prima-facie be termed as rational buying behaviour. Such investments, as in this case, normally could be made only if the allottees had nexus with directors/promoters of Kelvin and the issue of these shares was under a pre- arrangement between them.
4. On analysis of the trading activity in the above scrip, it was observed that, during the Examination Period, certain related/connected entities had substantially traded amongst themselves in shares of Kelvin and created artificial volume and contributed to the artificial price rise in the scrip. The list of those related/connected entities is given at Annexure - A and they are hereinafter referred to as the "Kelvin Fincap Group". It was observed that prior to the Examination Period, shares of Kelvin had low liquidity, which increased substantially only after those related/connected entities commenced trading heavily in the scrip. Their inter-relationship/connection were noted from the Know Your Client (KYC) details , their bank statements, off-market transactions amongst themselves including the abovementioned allotment of shares, and information available on the Ministry of Corporate Affairs (hereinafter referred to as "MCA") website.
5. Considering the large number of related/connected entities of Kelvin Fincap Group, it was deemed necessary to shortlist those entities who were closely connected to Kelvin and/or Brought to you by http://StockViz.biz Page 3 of 55
were instrumental in the rise in price /buy volume of Kelvin. A set of 22 (twenty two) such entities (hereinafter referred to as the "Shortlisted Group") of Kelvin Fincap Group was shortlisted on the basis of following parameters, viz.
A. Top 10 entities based on gross buy quantity; B. Top 10 entities based on positive contribution in last traded price (hereinafter referred to as "LTP"); C. Promoters/Directors of Kelvin who transacted with other members of Kelvin Fincap Group by way of funds / securities or, had any other relationship with them.
6. The particulars of the members of the Shortlisted Group and the basis of their inter-se relationship/connection are given in the following table :
Table 1: Basis of inter-se relationship/ connection amongst the Shortlisted Group. Sl No PAN Name Basis of Relationship 1 AAACD1880G Dahyhabhai Shares and Stock Brokers Ltd. 1. The entity is the promoter of Kelvin as on June 30, 2014 as per BSE website. 2. The entity has received ` 25,000 from Cromakem Limited on 12/05/2012. 2. AAHPS4084K Keyur M Shah 1. The entity is the director of Dahyhabhai Shares and Stock Brokers Ltd as per MCA website and was a promoter of Kelvin as per shareholding pattern disclosed on BSE website for quarter ending December 2012. 2. The entity transferred shares to Mr. Narendra R Shah, Mr. Mahesh R Shah, Mr. Abhishek N Shah and Ms. Geeta N Shah in physical form. 3. AAAHK5034L Keyur M Shah (HUF) 1. The entity is HUF with Keyur M Shah as karta and was a promoter of Kelvin as per shareholding pattern disclosed on BSE website as on March 31, 2012. 2. The entity transferred shares to Narendra R Shah (HUF) in physical form on 07/04/2012. 4. AAYPS3458E Kavita K Shah 1. The entity is the director of Dahyhabhai Shares and Stock Brokers Ltd as per MCA website and a promoter of Kelvin as per shareholding pattern disclosed on BSE website for quarter ending December 2012. She also shares common address with Keyur M Shah viz, 22 / 23, Purab Apartment, 42, B. G. Kher Marg, Malbar Hill Mumbai 400006. 2. The entity transferred shares to Mr. Narendra R Shah, Mr. Abhishek N Shah and Ms. Geeta N Shah in physical form on 07/04/2012. 5. ALRPB9295L Bhavik Satish Badani 1. The entity is director of Kelvin as per BSE and MCA websites. 2. The entity is one of the directors of Cromakem Limited. 6. AIDPP3653M Bipin Bhikhabhai Patel 1. The entity is director of Kelvin as per BSE and MCA websites. 2. The entity shares common address, viz. 401 B-28, Shanti Nagar Co. Op. Hsg. Ltd. Shanti, Nagar, Sec - 7, Above Indra Hospital, Mira Road,, Mumbai - 401107 with Mr. Jitendra Brought to you by http://StockViz.biz Page 4 of 55
Patel, director of RFL International Limited and Fast Track Entertainment Limited. 7. BBPPE7839K Sushma Vimalkumar Raval 1. The entity is one of the directors of Kelvin as per MCA website. 2. The entity is also director of Millennum Cybertech Limited. 3. The entity shares common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092, with Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited). 8. AJMPS0962J Mahendrabhai Sakalchand Shah 1. The entity is one of the directors of Kelvin as per MCA Website. 2. The entity is also a director of Heema Infocom Limited and GFL Financial India Limited. 9. AYBPS0534J Vishal Kumar Shah 1. The entity is one of the directors of Kelvin as per BSE website. 2. The entity is one of the directors of Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do Max Steel Limited. 10. AAECC0841Q Cromakem Limited 1. Mr. Bhavik Satish Badani is one of the directors of Kelvin and Cromakem Limited.
2. Narendra Ramanlal Shah and Cromakem Limited share common address, viz. 24, jalaram Nagar, opp.chamunda Circle, ganjawala Lane,Borivali(w), , Mumbai, Maharashtra - 400092.
3. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited.
4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
5. The entity received/transfered funds from/to SDFC Finance Limited and Kosha Cubidor Containers Limited.
11. AACCD7020L Do Max Steel Limited 1. The entity shares common director, Mr. Vishal Kumar Shah, with Kelvin, Cornhill Trading Co. Pvt. Ltd. and Earth Exim Limited.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Brought to you by http://StockViz.biz Page 5 of 55
Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 12. AAHCS1332H Stardom Trading Company Pvt. Ltd 1. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai - 400092. 2. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited. 3. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 13. AAFCS2725Q Sapan Chemicals Limited 1. Earth Exim Ltd, Ms. Geeta N Shah, Sapan Chemicals Limited and Mr. Narendra Ramanlal Shah share common address, viz. 23 Jalaram Nagar Nr. Chamunda Circle Gajawala Lane Borivli West, , Mumbai, 400092. 2. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092. 3. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 4. Jaishree Shankar Bhosle is the promoter of Sapan Chemical Limited, as per BSE website. Brought to you by http://StockViz.biz Page 6 of 55
14. AAACF7961Q Fast Track Entertainment Limited 1. Director of Fast Track Entertainment Limited and RFL International Limited (Jitendra Patel) share same address with the Director of Kelvin, Mr. Bipin Patel, viz. 401 B- 28, Shanti Nagar Co. Op. Hsg. Ltd. Shanti, Nagar, Sec - 7, Above Indra Hospital, Mira Road,, Mumbai, 401107 2. Acil Cotton Industries Limited and Fast Track Entertainment Limited share common address, viz. B- 7/404 A, Natraj Township Part-ii,near Parshuram Nagar Society, Sayaji Ganj,, Vadodara, Gujarat, India, 390005. 3. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 15. AACCC0591P Cornhill Trading Company Pvt. Ltd 1. Mr. Vishal Kumar Shah is one of the directors of Kelvin, Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do Max Steel Limited. 2. Universal Credit and Securities Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd and Gfl Financials India Limited share common address, viz. 15 Shriram Vihar, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092. 3. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092. 4. Ms. Pallavi Chetan Pandit is one of the director of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited. 5. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 6. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 16. AACCS1185R Sonal International Ltd 1. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited.
2. Sonal International Ltd and RFL International Limited share common address, viz. 304, Akruti Complex,nr.stadium Six Cross Road, Navrangpura,, Ahmedabad, Gujarat, India, 380009. Brought to you by http://StockViz.biz Page 7 of 55
17. AAACO2454R Nova Gold Petro Resources Limited 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited as per MCA website) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited) share common address, viz. 23 SHRI RAM VIHAR ROKADIA LANE, BORIVALI WEST, MUMBAI, 400092.
2. The entity received `25,00,000 from Cromakem Ltd on 20/11/2013.
18.
AABCA7788F Acil Cotton Industries Limited 1. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai, 400092.
2. Acil Cotton Industries Limited and Fast Track Entertainment Limited share common address, viz. B- 7/404 A, Natraj Township Part-ii,near Parshuram Nagar Society, Sayaji Ganj,, Vadodara, Gujarat, India, 390005.
3. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092.
4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
5. Vimalkumar Raval is one of the directors of Zimig Trading Pvt. Ltd. and Acil Cotton Industries Limited.
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19. AAACZ6848C Zimig Trading Company Private Limited 1. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
1.1.1 Vimalkumar Raval is one of the directors of Zimig Trading Pvt. Ltd. and Acil Cotton Industries Limited. 20. AMVPJ5720H Jalpa Jani 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited) share common address, viz. 23 SHRI RAM VIHAR ROKADIA LANE, BORIVALI WEST, MUMBAI, 400092.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN' 21. AKSPM3939N Kirti Mehta As per the bank Account No. 911010005936771 of Kirti Mehta with Axis Bank Limited, the entity received/transferred funds from/to Kelvin, Cromakem Limited, Stardom Trading Co. Pvt. Ltd., Fast Track Entertainment Limited, Earth Exim Limited, Cornhill Trading Co. Pvt. Ltd., IFSL Limited, GFL Financial India Limited, Inventure Finance Pvt. Ltd., Sonal International Limited, Kosha Cubidor Containers Limited and Acil Cotton Industries Limited. 22. AFMPB0449P Jayshree Shankar Bhosle 1. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 2. Jaishree Shankar Bhosle is the promoter of Sapan Chemical Limited as per BSE website. Brought to you by http://StockViz.biz Page 9 of 55
7. In addition, from the bank accounts of Kelvin (account No. 912020012135343) and Cromakem Limited (account No. 910020027467767) with Axis Bank, inter se fund transfers between Kelvin and certain entities of the Kelvin Fincap Group during January 01, 2012 to March 31, 2014, were observed. Instances of such inter se fund transfers amongst the related/connected entities of Kelvin Fincap Group and Kelvin are as under: Table 2: Funds Flow among the Kelvin Fincap Group Date Transferer Name Transferee Name Amount (`) 9/3/2012 Kelvin Fincap Limited SDFC Finance Limited 5000000 10/3/2012 Kelvin Fincap Limited Universal Credit And Securities Ltd 1600000 13-03-2012 Kelvin Fincap Limited Keyur M Shah 3000000 19-03-2012 Kelvin Fincap Limited Millennium Cybertech Limited 10000000 19-03-2012 Kelvin Fincap Limited Stardom Trading Co.Pvt.Ltd. 10000000 21-03-2012 Kelvin Fincap Limited Novagold Petro-Resources Ltd 9000000 22-03-2012 Kelvin Fincap Limited Acil Cotton Indutries Limited 8000000 24-03-2012 Kelvin Fincap Limited Kirti Mehta 1200000 25-04-2012 Geeta Shah Kelvin Fincap Limited 500000 27/04/2012 Abhishek Narendra Shah Kelvin Fincap Limited 500000 13/09/2012 Cromakem Limited Kelvin Fincap Limited 500000 8/2/2013 Do Max Steel Limited Kelvin Fincap Limited 30000 20/02/2013 Earth Exim Ltd Kelvin Fincap Limited 300000 6/5/2013 Sapan Chemicals Ltd Kelvin Fincap Limited 20000 29/01/2014 Kelvin Fincap Limited Fast Track Entertainment Ltd 300000 3/1/2012 Cromakem Limited Sonal International Limited 400000 11/2/2012 Cromakem Limited Fast Track Entertainment Ltd 205000 11/2/2012 Cromakem Limited SDFC Finance Limited 210000 15/02/2012 Cromakem Limited RFL International Limited 15000 29/02/2012 Gfl Financials India Ltd Cromakem Limited 1000000 11/4/2012 Cromakem Limited Kirti Kantilal Mehta 2000000 16/04/2012 Cromakem Limited Chirag Dinesh Kumar Shah 1775000 20/04/2012 Cromakem Limited Namdeo Shantaram Gole 190000 2/5/2012 Kosha Cubidor Containers Ltd Cromakem Limited 2000000 5/5/2012 Cromakem Limited Millennium Cybertech Limited 200000 5/5/2012 Cromakem Limited IFSL Limited 200000 8/5/2012 Cromakem Limited Yogesh Bhogilal Chauhan 685000 9/5/2012 Stardom Trading Company Private Limited Cromakem Limited 1000000 10/5/2012 Cromakem Limited Parag Chandrkant Shah 1000000 12/5/2012 Cromakem Limited Dahyabhai Sons Limited 25000 16/05/2012 Suryamangal Media And Entertainment Pvt Ltd. Cromakem Limited 380000 2/7/2012 Cromakem Limited Universal Credit And Securities Ltd 25000 28/01/2013 Cromakem Limited Earth Exim Ltd 25000 Brought to you by http://StockViz.biz Page 10 of 55
8. It is observed from the disclosures made on BSE website that prior to the allotment of shares made in March 2012, Kelvin had a share capital of 9,96,000 shares with promoters' holding 7,43,800 shares constituting 74.67% in the company. Pursuant to the issuance of 1,30,00,000 shares to certain entities, the promoter shareholding decreased to 5.31% and the total number of shareholders in Kelvin increased from 176 to 225.
9. It was further observed that during the quarter ending June, 2012, the Kelvin Fincap Group entities consolidated their holding in Kelvin which resulted in number of shareholders decreasing to 64. During the same period, the promoters of Kelvin also transferred 7,11,050 shares in physical form to certain Kelvin Fincap Group entities through off- market transactions. Thereafter, the Kelvin Fincap Group entities were observed to have transferred shares in physical form as well as in dematerialised form within the group and started trading heavily in the scrip pursuant to June 18, 2013. Analysis of trading in the scrip of Kelvin 10. The analysis of the trading of entities of Kelvin Fincap Group during the aforesaid two (2) patches was carried out with a focus on the following:- The trading frequency; The volume generated; Contribution to price rise; Brought to you by http://StockViz.biz Page 11 of 55
Buying behaviour as observed from Last Traded Price (LTP) data;
Patch 1: June 18, 2013 to July 23, 2013 (prior to share split)
11. During the Patch 1, price of Kelvin rose from ` 151.55 to ` 225/-( i.e. 48% increase) and was accompanied by rise in the traded volumes. The daily average volume in the scrip which was merely 6 shares during January 1, 2013 to June 17, 2013( i.e. six months prior to Patch 1) increased to 22,237 shares during Patch 1. It was observed that during Patch 1, Kelvin Fincap Group entities collectively bought 5,47,818 shares (94.75% of trade volume) and sold 5,64,913 shares (97.71% of trade volume), out of a total of 5,78,174 shares traded at BSE. As high as 5,36,292 shares which constitute 92.76% of trade volume, were traded amongst the group entities. As high as 97.90% of the total buy volume of the group matched with the sell orders of one or the other group entity. Similarly, 94.93% of their sell volume matched with the buy orders within the group.
12. It was observed that in Patch 1, out of a total of 17 instances of trades establishing new high price in the scrip, the Kelvin Fincap Group established new high price on 4 instances. The contribution of the Kelvin Fincap Group in establishing new high price was ` 19/- out of total price rise of ` 82.40/-, which constitutes 23.06% of the total new high prices.
13. On LTP analysis during Patch 1, it was observed that out of the 24 instances of positive contribution to the LTP, Kelvin Fincap Group contributed positively to the LTP in as many as 9 instances. By executing such trades above the LTP, Kelvin Fincap Group contributed to positive LTP to the extent of `52.20/-, which was 41.04% of overall positive LTP contribution of `127.20/- in the scrip. The details of contribution to price rise by Kelvin Fincap Group during Patch 1 are as under: Table 3: Contribution of Kelvin Fincap Group to price rise in Patch 1 PAN Name Contribution in positive LTP (in `) No. of Instances of positive LTP Contribution to New High Price (in `) No. of Instances of New High Price AAACF7961Q Fast Track Entertainment Limited 19.7 2 9 1 AMVPJ5720H Jalpa Jani 13.75 3 1.25 1 AAECC0841Q Cromakem Limited 8.55 1 8.55 1 AABCE3676Q Earth Exim Ltd 5 1 0 0 AKSPM3939N Kirti Mehta 5 1 0 0 ADQPJ5053P Padmaben Jagdish Jani 0.2 1 0.2 1 Brought to you by http://StockViz.biz Page 12 of 55
14. It was observed that the Shortlisted Group contributed to the positive LTP to the extent of `47/-, which was 90.04% of the contribution made by the Kelvin Fincap Group to the extent of `52.20/-. It was further observed that the Shortlisted Group has contributed in establishing new high price to the extent of `18.80/-, which is 98.95% of the Kelvin Fincap Group's overall contribution of `19/-.
Patch 2: July 24, 2013 to May 29, 2014 (post share split)
15. During Patch 2, price of Kelvin rose from ` 118/- to ` 535/- and was accompanied by a substantial rise in the traded volumes. The average volume in the scrip during Patch 2 increased to 40,974 shares from 22,237 shares in Patch 1. It was observed that during Patch 2, Kelvin Fincap Group collectively bought 81,99,511 shares (97.62% of traded volume) and sold 81,12,737 shares (96.58% of traded volume) out of a total of 83,99,726 shares traded at BSE . As high as 80,53,453 shares which constitute 95.88% of traded volume, were traded amongst the Kelvin Fincap Group entities. As high as 98.22% of their total buy volume matched with the sell orders of one or the other Kelvin Fincap Group entity. Similarly, 99.27% of their sell volume matched with the buy orders within the Kelvin Fincap Group.
16. It was observed that during Patch 2, out of a total of 81 instances of trades establishing new high price in the scrip, the Kelvin Fincap Group established new high price on as many as 64 instances. The contribution of the Kelvin Fincap Group in establishing new high price was ` 328.10/-, which constitutes 77.75% of total new high price of ` 422/- in this Patch.
17. On LTP analysis during Patch 2, it was observed that out of the 472 instances of positive contribution to the LTP, Kelvin Fincap Group contributed to positive LTP in as many as 414 instances. By executing such trades above the LTP, Kelvin Fincap Group contributed to the positive LTP to the extent of `1,712.65/-, which was 86.25% of overall positive LTP contribution of `1,985.65/-. in the scrip. The details of contribution to price rise by the Kelvin Fincap Group during Patch 2 are as under:
Table 4: Contribution of Kelvin Fincap Group to price rise in Patch 2 PAN Name Contributio n to Positive LTP (in `) No. of Instance s to Positive LTP Contributio n to New High Price (in `) No. of Instance s to New High Price AAFCS2725Q Sapan Chemicals Limited 233.1 51 40.5 8 AACCD7020L Do Max Steel Limited 216.15 45 52.6 7 Brought to you by http://StockViz.biz Page 13 of 55
18. It was observed that the Shortlisted Group contributed to positive LTP to the extent of ` 1,403.25/-, which is 81.93% of contribution (`1,712.65/-) made by Kelvin Fincap Group. Further, the Shortlisted Group contributed ` 269.60/- in establishing new high price, which is 82.17% of the Kelvin Fincap Group's overall contribution of `328.10/-.
19. From the above analysis, it was observed that the trades of Kelvin Fincap Group contributed significantly to both traded volume and to price rise in the scrip during the Examination Period.
20. It was observed that during the Examination Period the connected/related entities belonging to Kelvin Fincap Group had traded amongst themselves in the scrip and their buy and sell Brought to you by http://StockViz.biz Page 14 of 55
orders placed in those trades persistently matched. An illustration of the trading patterns of order placements followed by Kelvin Fincap Group entities are as under:-
One of the patterns of order placement by the Kelvin Fincap Group entities was where a buy order placed by one group entity exactly matched with the sell order placed by another group entity. For instance, on January 16, 2014, Jeetandra Janani (HUF) placed a sell order at 11:22:56 AM for a quantity of 2,500 at a price of ` 350/-. After 7 seconds, i.e. 11:23:03, Fast Track Entertainment Limited placed a buy order of same quantity of 2500 shares at a price of `350/-, which immediately matched. Similarly, Prameela Mohandas placed a sell order of 3,000 shares at a price of `340/- at 13:50:53 on the same day, which matched with a buy order of 3,000 shares at a price of `340/- placed by Sapan Chemicals Limited at 13:51:11. In the same manner, the buy and sell orders for 4,000 shares placed by Sapan Chemicals Limited and Zubin K Shah, respectively within a gap of 3 seconds matched at 13:52:13. In another pattern, the order placed by one group entity matched with the orders placed by more than one entity belonging to the Kelvin Fincap Group. For instance, on January 16, 2014, Ashok Jasraj Jain (HUF) placed 2 sell orders of 5,000 and 2,000 shares at a price of `340/- at 14:44:10 and 14:44:42, respectively. The said sell orders matched with the buy orders placed by the following 8 entities belonging to Kelvin Fincap Group:
Table 5: Counterparties to Ashok Jasraj Jain(HUF) Buyer Name Buy Order Time Buy Order Quantity Buy Order Price Jayshree Shankar Bhosle 14:44:24 3750 340 Nova Gold Petro Resources Limited 14:48:36 1700 340 Stardom Trading Company Pvt Ltd 14:54:23 550 340 Fast Track Entertainment Limited 14:55:15 400 340 Cornhill Trading Company Pvt Ltd 14:57:22 300 340 Cromakem Limited 14:58:05 100 340 IFSL Limited 14:58:31 100 340 Stardom Trading Company Pvt Ltd 14:58:59 100 340
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Day wise Trading Analysis 21. The shares of Kelvin were traded on 231 days during the Examination Period. It was observed that on the days when the Kelvin Fincap Group did not trade, the average volume in the scrip was significantly low. The details of groups concentration vis-a-vis average volume in the scrip during the Examination Period are as under:
Table 6: Concentration of Kelvin Fincap Group Group's Concentration No. of Days Average Market Volume No Trading 1 25 Between 0% and 50% 10 5,743 Between 50% and 80% 13 13,705 Between 80% and 100% 152 44,370 100% 55 36,328 Total 231 38,865
22. Thus, the Kelvin Fincap Groups concentration in the scrip was significant on the majority of the days it traded and the average volume in the scrip increased with an increase in groups concentration. Also, on 55 out of 231 days, Kelvin Fincap Group was present in all the trades, both on buy and sell sides and average volume of 36,328 shares was created on account of trades amongst the entities of Kelvin Fincap Group.
23. It was observed that out of the trades of Kelvin Fincap Group during the Examination Period, the Shortlisted Group bought 72,83,765 shares, which constitutes 83.27% of Kelvin Fincap Group's total purchase volume of 87,47,329 shares. Further, the Shortlisted Group contributed to the positive LTP to the extent of `1,450.25/- which was 82.17% of the contribution made by the Kelvin Fincap Group to the extent of `1,764.85/-. The Shortlisted Group also contributed in establishing new high price to the extent of `288.40/-, which is 83.09% of the Kelvin Fincap Group's overall contribution of `347.10/-.
24. In view of the above analysis, it was observed that, in this case, the connected/related entities of Kelvin Fincap Group continuously and persistently traded in substantial volumes in the scrip of Kelvin which was an illiquid one. They traded among themselves substantially and executed matched trades in very large number. In these Brought to you by http://StockViz.biz Page 16 of 55
matched trades amongst connected/ related entities of Kelvin Fincap Group there was no change in beneficial ownership of the traded shares. Their trades created artificial volumes and manipulated the price of the scrip during the Examination Period. Such manipulation in the traded volume and price of any scrip by a group of connected entities has the potential to induce gullible and genuine investors to trade in the scrip and harm them.
25. Apart from the above, it was observed that Kelvin had disclosed to BSE on March 20, 2012 inter-alia stating that it had made a preferential allotment of 1,30,00,000 shares to certain entities as described in the following table :
Table 7: List of Preferential Allottees disclosed by Kelvin on BSE website Sr. No. Name of Allottees/Entities Number of Equity Shares Allotted 1 Mukesh N Desai 500000 2 Mukesh N Desai Huf 500000 3 Sunish B.Bhel/Kavita Sunish Behl 530000 4 Dinesh Jaiswal/Sunita D.Jaiswal/Santlal Jaiswal 345000 5 Subhash Tikamdas Mithawalla/Jignasa S.Mithawalla 150000 6 Tasneem Iqbal Syed/Krishna M.Dawda/Prem Agarwal 330000 7 Mukeshbhai Nanjibhai Moradiya 200000 8 Shehul Vallabhbhai Moradiya 200000 9 Dhanjibhai Shamjibhai Donda 200000 10 Hiren Tulsibhai Moradia 200000 11 Dharmesh Tulsibhai Moradia 200000 12 Bharatbhai Nanjibhai Moradia 200000 13 Vallabhbhai D Sachapara 200000 14 B D Sachpara 200000 15 Rajesh Haribhai Moradia 200000 16 Vasantben Dhanjibhai Donda 200000 17 Chhotubha Shivubha Saravaiya 200000 18 Shobhanaben Nareshbhai Mpradiya 200000 19 Ramniranjan C Jhunjhunwala 200000 20 Hasmukhlal R.Shah 200000 21 Ashok Jashraj Jain HUF 200000 22 Ketan Bhupendrkumar Shah 100000 23 Shantilal Dungarshi Maru HUF 200000 24 Kalpesh Shantilal Maru/Rachana Kalpesh Maru 600000 25 Saloni Ramniklal Maru 100000 Brought to you by http://StockViz.biz Page 17 of 55
26. It is curious to note that the list of entities mentioned in the table above actually have more than one entity clubbed together at serial nos. 3, 4, 5, 6, 24, 36, 43 and 47. On inquiry from the Share Transfer Agent of Kelvin, i.e. Purva Sharegistry (India) Pvt. Ltd. (hereinafter referred to as "Purva Sharegistry) it was observed that the shares were issued to 56 entities and not 49 entities, as disclosed by Kelvin to BSE. It was observed that different share certificates were issued to the following 56 entities and not to 49 as disclosed by Kelvin:- Table 8: List of Preferential Allottees provided by Purva Sharegistry S. No. PAN Name Share Certificate Number Distinctive Number 1 AATPD0728R Mukesh N Desai 5001-5050 996001 1496000 2 AACHM2754B Mukesh N Desai HUF 5051-5100 1496001 1996000 3 AAAPB8093N Sunish B. Bhel 5101-5119 1996001 2186000 4 AAJPB7775N Kavita Sunish Behl 5120-5153 2186001 2526000 Brought to you by http://StockViz.biz Page 18 of 55
27. From the above, it is observed that Kelvin had prima facie given false information to the BSE with regard to the number of allottees and had concealed the actual number of allottees. The method of disclosure i.e. clubbing of one or more allottees under one suggests that the Kelvin showed the false number so as to show such allotment as private placement, which it actually was not. In this regard, it is relevant to mention that Hon'ble Supreme Court in its judgement and order dated August 31, 2012 in matter of Sahara India Real Estate Corporations Limited & Ors Vs SEBI & Anr. - Civil Appeal No. 9813 and 9833 of 2011 [(2013) 1 SCC 1 has held that an offer to fifty or more persons becomes public issue by virtue of first proviso to section 67(3) of the Companies Act, 1956. Hence, it is prima-facie observed that the above allotment was not a preferential allotment (private placement) but was a public issue. Thus, prima-facie, the said allotment of shares by Kelvin was in violation of sections 56, 60 and 73 read with section 67(3) of the Companies Act, 1956 and regulations 4(2), 5(1), 5(7), 6, 7, 25, 36, 37, 46 and 57 of SEBI (Issue of Capital and Disclosure Requirement) Regulation 2009 (hereinafter referred to as "ICDR Regulations").
28. As discussed above, Kelvin had disclosed that the above allotment was a preferential allotment. Assuming it was so, in terms of regulation 78(2) of the ICDR Regulations, the shares so allotted had to be locked- in for a period of one year from the date of allotment on March 20, 2012. However, in this case, two of the allottees viz, Mr. Ravi Sancheti (HUF) and GFL Financial India Limited sold a total of 6,00,000 shares of Kelvin held by them to 4 other entities of Kelvin Fincap Group on September 29, 2012. It was observed from the Annual Report of Kelvin for the FY 2012-13 that the transfer of physical shares was looked after by Shareholders' Grievance and Share Transfer Committee of Kelvin, which comprised three of its directors viz. Mansukh Sanghvi, Bipin Patel and Bhavik Badani. Thus, Kelvin and its directors were under obligation to ensure that the shares allotted under the purported preferential allotment are not transferred within one year from the date of the allotment. Therefore, it was observed that such transfer of shares in violation of regulation 78(2) of ICDR Regulations was in connivance with Kelvin and its these three directors. 53 AAIHR3732E Ravi Sancheti HUF 6092-6111 11901001 12101000 54 ABYPA6388G Rakesh Agrawal 6112-6121 12101001 12201000 55 AABCG0597Q GFL Financial India Ltd 6122-6214 12201001 13099000 56 AAHCS4914K Suryamangal Media & Entertainment Ltd 6215-6306 13099001 13996000 Brought to you by http://StockViz.biz Page 20 of 55
29. It was further observed from the shareholding pattern filed by Kelvin with BSE for quarters ending June 30, 2012 and September 30, 2012, that the promoters of Kelvin were holding 7,43,800 shares, i.e. 5.31% of its share capital, as on June 30, 2012, which decreased to 0.01% of the share capital of Kelvin during the quarter ended September 30, 2012. However, from the data regarding transactions in Kelvin as shared by Purva Sharegistry it was noted that three promoters of Kelvin viz. Keyur M. Shah , Kavita Shah and Keyur M. Shah HUF transferred a total of 7,11,050 shares (5% of the share capital of Kelvin) to five other entities of the Kelvin Fincap Group on April 07, 2012 and April 14, 2012. Keyur M. Shah had further transferred 25,750 shares to Abhishek N Shah on January 15, 2013. All such transfers were off- market transfers involving shares in physical form. The details of such transfers are as under:
Table 9: Off-Market Transactions by the Promoters Date Of Transaction Transferor Name Transferee Name Quantity Transferred 07/04/2012 Keyur M Shah HUF Narendra R Shah HUF 50000 07/04/2012 Kavita K Shah Narendra R Shah 50000 07/04/2012 Kavita K Shah Geeta Narendra Shah 50000 07/04/2012 Kavita K Shah Abhishek N Shah 30000 07/04/2012 Keyur M Shah Narendra R Shah 200000 07/04/2012 Keyur M Shah Geeta Narendra Shah 50000 07/04/2012 Keyur M Shah Mahesh R Shah 70000 07/04/2012 Keyur M Shah Abhishek N Shah 40000 14/04/2012 Keyur M Shah Abhishek N Shah 41050 14/04/2012 Keyur M Shah Geeta Narendra Shah 50000 14/04/2012 Keyur M Shah Narendra R Shah 80000 15/01/2013 Keyur M Shah Abhishek N Shah 25750
30. However, the abovementioned transactions (for April 07, 2012 and April 14, 2012) were not disclosed in the shareholding pattern filed by Kelvin with BSE for the quarter ended June 30, 2012 as required under Clause 35 of the Listing Agreement. Further, the aforesaid promoters failed to disclose the above changes in their shareholding under the provisions of regulation 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992, (hereinafter referred to as "PIT Regulations").
31. Apart from the above irregularities by Kelvin, it was observed that details of the Board of Directors of Kelvin as available on BSE and MCA websites are different. Mr. Mansukh Sanghvi, who is shown as a Managing Director of Kelvin on BSE website, is Brought to you by http://StockViz.biz Page 21 of 55
not shown in the list of directors disclosed on MCA website by Kelvin. Mr Mansukh Sanghvi is also the Authorized Signatory for Kelvins bank accounts with Axis Bank. Similarly, Surekhaben K Shah is not shown as a director on MCA website. However, as per annual report for FY 2011-12 , she was non-executive independent director of Kelvin at the time of preferential allotment. The difference in details of directors as observed from disclosures available at BSE and MCA websites are given below:
Table 10: Details of Directors on MCA and BSE websites List of Directors (Source: MCA website as on April 25, 2014) List of Directors (Source: BSE Website as on April 25, 2014) Bhavik Satish Badani Mansukh Sanghvi Bipin Bhikhabhai Patel Bhavik Satish Badani Sushma Vimalkumar Raval Bipin Bhikhabhai Patel Mahendrabhai Sakalchand Shah Vishal Kumar Shah Surekhaben K Shah
32. Further, Kelvin has avoided SEBI's advices seeking information from it regarding its board of directors and above mentioned allotment, vide email dated May 22, 2014 and letter dated May 27, 2014. Therefore, all the above persons at Table 10 are considered to be in charge of affairs of Kelvin.
33. Although none of the directors have traded on their own account during the Examination Period, it is observed that most of them were not merely directors of Kelvin but were deeply connected with entities belonging to the Kelvin Fincap Group, who had traded in the scrip as described in preceding paragraphs. Details of their connection with the entities belonging to the Kelvin Fincap Group are as follows: Table 11: Connection with other Kelvin Fincap Group Entities Name of Director Connection with other Kelvin Fincap Group Entities Bhavik Satish Badani He is one of the directors of Cromakem Limited. Bipin Bhikhabhai Patel He shares common address with Mr. Jitendra Patel, director of RFL International Limited and Fast Track Entertainment Limited. Sushma Vimalkumar Raval She is one of the directors of Millennum Cybertech Limited. She also shares common address with Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited). Mahendrabhai Sakalchand Shah He is one of the directors of Heema Infocom Limited and GFL Financial India Limited. Vishal Kumar Shah He is one of the directors of Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do -Max Steel Limited.
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34. I note from the above examination and the factors mentioned at Annexure A, that the entities belonging to the Kelvin Fincap Group are prima-facie related/connected with each other and with Kelvin.
35. I also note that during the Examination Period, the traded volume and the liquidity in the shares of Kelvin increased substantially only after the Kelvin Fincap Group started trading in the said shares. The Kelvin Fincap Group entities brought up the share price from ` 151.55 to almost ` 1070/- (adjusted)/ ` 535/- (unadjusted) through persistently matched trades within the group during the Examination Period. Also, the Kelvin Fincap Group entities continuously executed orders at a price above LTP leading to an artificial price rise. In my view, such a pattern of trading by placing buy orders at a price higher than the LTP is apparently against the accepted economic rationale that a buyer would always wish to purchase shares at the lowest available price. The modus operandi used by Kelvin Fincap Group to raise the price of the scrip and to create artificial volume is as under:
A. Kelvin issued 1,30,00,000 shares in physical form to 56 related entities on March 20, 2012. It made false disclosure about number of allottees to camouflage the issuance to more than 49 persons so as to avoid compliance of issuance of prospectus and detailed disclosures therein. It concealed the actual number of allottees. B. Thereafter, the shares of Kelvin were transferred among Kelvin Fincap Group entities in physical as well as dematerialized form after April 01, 2012. C. Suddenly after June 18, 2013, Kelvin Fincap Group entities started to trade heavily in Kelvin with huge trading volume concentration on BSE. D. Kelvin Fincap Group entities dealt amongst themselves in the market i.e. they were observed to be buying and selling shares amongst each other thereby creating artificial trading volume. Such artificial volume constituted almost 95.68% of the total market volume during the Examination Period. Sans these entities, the volume of trading in Kelvin was very low. E. Kelvin Fincap Group also significantly exerted an upward pressure on the price, an act inconsistent with normal buyer behaviour.
36. I further note that the sequence of events and pattern of transactions in this case prima facie indicate that Kelvin issued new shares to certain entities, which were subsequently Brought to you by http://StockViz.biz Page 23 of 55
transferred by these allottees to other Kelvin Fincap Group entities. The promoters of Kelvin viz. Keyur Shah, Kavita Shah and Keyur Shah HUF also transferred their shares off-market in physical form to other entities belonging to the Kelvin Fincap Group. Thereafter, the Kelvin Fincap Group entities by indulging in non- genuine trading amongst themselves through repeated and continuous substantial matched transactions in the illiquid scrip of Kelvin created artificial volumes in the scrip and manipulated its price. Such transactions were prima facie carried out for the sole or dominant purpose of creating artificial volumes in the scrip and manipulating its price by taking the scrip to entice trading therein at artificial price. The acts, omissions and conduct of the Kelvin Fincap Group as observed during preliminary examination prima facie fall in the definition of "fraud' under regulation 2(1) (c) of the SEBI(Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulation 2003 (hereinafter referred to as "PFUTP Regulations") which reads as under:- fraud includes any act, expression, omission or concealment committed whether in a deceitful manner or not by a person or by any other person with his connivance or by his agent while dealing in securities in order to induce another person or his agent to deal in securities, whether or not there is any wrongful gain or avoidance of any loss, and shall also include
(1) a knowing misrepresentation of the truth or concealment of material fact in order that another person may act to his detriment; (2) a suggestion as to a fact which is not true by one who does not believe it to be true; (3) an active concealment of a fact by a person having knowledge or belief of the fact; (4) a promise made without any intention of performing it; (5) a representation made in a reckless and careless manner whether it be true or false; (6) any such act or omission as any other law specifically declares to be fraudulent, (7) deceptive behaviour by a person depriving another of informed consent or full participation, (8) a false statement made without reasonable ground for believing it to be true. (9) the act of an issuer of securities giving out misinformation that affects the market price of the security, resulting in investors being effectively misled even though they did not rely on the statement itself or anything derived from it other than the market price."
And fraudulent shall be construed accordingly;
37. In view of the above , I am of the prima facie view that Kelvin Fincap Group entities adopted fraudulent device and artifice to defraud the genuine shareholders of Kelvin and have thus violated sections 12A (a) (b) and (c) of the SEBI Act, 1992 and regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a), (b), (e) and (g) of the PFUTP Regulations which read as under: SEBI Act, 1992 "Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.
12A. No person shall directly or indirectly Brought to you by http://StockViz.biz Page 24 of 55
(a) use or employ, in connection with the issue, purchase or sale of any securities listed or proposed to be listed on a recognized stock exchange, any manipulative or deceptive device or contrivance in contravention of the provisions of this Act or the rules or the regulations made thereunder; (b) employ any device, scheme or artifice to defraud in connection with issue or dealing in securities which are listed or proposed to be listed on a recognised stock exchange; (c) engage in any act, practice, course of business which operates or would operate as fraud or deceit upon any person, in connection with the issue, dealing in securities which are listed or proposed to be listed on a recognised stock exchange, in contravention of the provisions of this Act or the rules or the regulations made there under;"
PFUTP Regulations "Prohibition of certain dealings in securities. 3. No person shall directly or indirectly (a) buy, sell or otherwise deal in securities in a fraudulent manner; (b) use or employ, in connection with issue, purchase or sale of any securities listed or proposed to be listed in a recognized stock exchange, any manipulative or deceptive device or contrivance in contravention of the provisions of the Act or the rules or the regulations made there under; (c) employ any device, scheme or artifice to defraud in connection with dealing in or issue of securities which are listed or proposed to be listed on a recognized stock exchange; (d) engage in any act, practice, course of business which operates or would operate as fraud or deceit upon any person in connection with any dealing in or issue of securities which are listed or proposed to be listed on a recognized stock exchange in contravention of the provisions of the Act or the rules and the regulations made there under.
"4. Prohibition of manipulative, fraudulent and unfair trade practices (1) Without prejudice to the provisions of regulation 3, no person shall indulge in a fraudulent or an unfair trade practice in securities. (2) Dealing in securities shall be deemed to be a fraudulent or an unfair trade practice if it involves fraud and may include all or any of the following, namely:-
(a) indulging in an act which creates false or misleading appearance of trading in the securities market; (b) dealing in a security not intended to effect transfer of beneficial ownership but intended to operate only as a device to inflate, depress or cause fluctuations in the price of such security for wrongful gain or avoidance of loss; (c).. (d) (e) any act or omission amounting to manipulation of the price of a security; (f). (g) entering into a transaction in securities without intention of performing it or without intention of change of ownership of such security;
38. I further note that the shares of Kelvin were allotted to 56 entities. However, it appears that Kelvin concealed the actual number of allottees and prima facie made false disclosure in that regard to camouflage the issuance to more than 49 persons so as to avoid compliance of issuance of prospectus and detailed disclosures therein. Such act omission and conduct, prima facie, apart from being fraudulent and in violation of the provisions of sections 12A (a) (b) and (c) of the SEBI Act, 1992, regulations 3(b), (c), (d) and 4(1) of the PFUTP Regulations were also in contravention of the provisions of Brought to you by http://StockViz.biz Page 25 of 55
sections 56, 60 and 73 read with section 67(3) of the Companies Act, 1956 and regulations 4(2), 5(1), 5(7), 6, 7, 25, 36, 37, 46, and 57 of ICDR Regulations. Even if the allotment in this case was a preferential allotment the Kelvin and its directors prima facie contravened the provisions of regulation 78(2) of the ICDR Regulations as they connived and allowed transfer of shares during the lock- in period of one year. Kelvins non-cooperative attitude during the Preliminary Examination further leads to these preliminary findings against it.
39. In this case, as observed hereinabove, the shareholding pattern filed by Kelvin with BSE for the quarter ended June 30, 2012 was incorrect. I am of the view that this act and omission of Kelvin is prima facie in violation of clause 35 of the Listing Agreement read with section 21 of the Securities Contracts (Regulation) Act, 1956 (hereinafter referred to as SCRA). Further, Keyur M. Shah, Keyur M Shah (HUF) and Kavita K Shah have failed to disclose changes in their shareholding to BSE and have thereby prima facie violated provisions of regulation 13(4A) of the PIT Regulations.
40. It is trite to say that SEBI is mandated to regulate activities in the securities market thereby encouraging transparent and fair practices by the market participants. The entities of Kelvin Fincap Group as stated in this order are prima facie found to be instrumental in manipulating trading in scrip of Kelvin by the intricate modus operandi. The acts, omissions and conduct of Kelvin and entities of the Kelvin Fincap Group as described above is prima facie inimical to the interests of participants in the securities market. It is noted that the entities of Kelvin Fincap Group have continued with their trading in the scrip in the same manner as discussed hereinabove even after the Examination Period. The price of the scrip Kelvin has further increased from `535/- to `599.50/- after the Examination Period (i.e. from May 30, 2014 to August 01, 2014) with an average volume of 14,223 shares. The Kelvin Fincap Group is still actively trading in the scrip by contributing 66% to gross market volume and 79.14% to total positive LTP contribution in the price of the scrip. Such trading and price rise is neither supported by fundamentals of Kelvin nor by any other factor including any corporate announcement by it during the post Examination Period, which may justify the kind of rise which the price of the scrip has gone through. If such concerted and prima facie fraudulent dealings in securities of an illiquid scrip as in this case are allowed to continue in the market, the same is fraught with danger of immense mischief and Brought to you by http://StockViz.biz Page 26 of 55
incalculable damage to the securities market besides undermining the confidence of the investors in the fairness and integrity of the market.
41. In this case, it has been observed that out of total contribution of Kelvin Fincap Group to the total purchase volume, positive LTP and new high price, Shortlisted Group of Kelvin Fincap Group has been observed to have contributed 83.27%, 82.17% and 83.09% of the total purchase volume, positive LTP and new high price respectively. Further, all directors including Mansukh Sanghvi and Surekhaben K Shah are prima facie liable for the acts, omissions and conduct of Kelvin as prima facie found in this case. I further note that promoters and some of the directors of Kelvin are part of the Shortlisted Group.
42. Apart from the above, I note that, as on August 11, 2014, the following entities of Kelvin Fincap Group which is prima facie found to have adopted fraudulent device and artifice, are holding substantial quantity of shares in Kelvin ( more than 1% of its share capital):-
Table 12: Kelvin Fincap Group Entities holding substantial shares in Kelvin S.No. PAN Name Shareholding No. % 1 AAACM0623J Inventure Finance Private Limited 1106112 3.95 2 ARYPS5993F Naresh Nagindas Shah 1009163 3.61 3 AAFCS2725Q Sapan Chemicals Limited 863281 3.08 4 AACCD7020L Do Max Steel Limited 757224 2.71 5 AATPD0728R Mukesh Nanubhai Desai 734527 2.62 6 AAACR9384B RFL International Limited 700602 2.50 7 ALZPB9604R Rupesh Balkrishna Bhoir 699902 2.50 8 AAJPB7775N Kavita Sunish Behl 675500 2.41 9 AMVPJ5720H Jalpa M Jani 630472 2.25 10 AKSPM3939N Kirti Kantilal Mehta 522345 1.87 11 AAOPS2033H Geeta Narendra Shah 400000 1.43 12 AADPS8752L Hasmukhlal Ramanlal Shah 391300 1.40 13 AIKPM4674N Shobhanaben N. Moradia 390750 1.40 14 AMTPM0749H Bharat N. Moradiya 390600 1.40 15 AEGPD4889J Vasantben Dhanjibhai Donda 385590 1.38 16 AIVPM3622K Mukesh N. Moradia 384160 1.37 17 AIVPM3623J Shehul V. Moradia 378377 1.35 18 ACXPP9049B Bhimjibhai D. Chanchapara 374950 1.34 19 AEIPD5332A Dhanjibhai S. Donda 366460 1.31 20 ACXPP9026C Vallabhbhai D. Sachapra 360900 1.29 21 AMTPM8714C Hiren Tulsibhai Moradia 339500 1.21 22 ACRPM4534E Rajesh Moradia 334900 1.20 Brought to you by http://StockViz.biz Page 27 of 55
43. The entities mentioned in the above table have either been alloted shares by way of further issue or have transacted in the scrip through off-market transfers amongst the entities of the Group as discussed hereinabove. These entities, by virtue of having sizeable holding (i.e. more than 1%) and being, prima facie, part of the scheme executed by Kelvin Fincap Group, have the potential of not only disturbing the market equillibrium but also inducing the gullible investors to buy their holding at the artificially raised price.
44. Considering the above facts and circumstances, I am of the view that an urgent preventive and remedial action needs to be taken by way of ad interim ex-parte order in this case, during pendency of investigation in the matter.
45. I, therefore, in order to protect the interest of the investors and the integrity of the securities market, in exercise of the powers conferred upon me in terms of section 19 read with section 11(1), section 11 (4) (b) and section 11B of the SEBI Act, 1992 and section 12A of the SCRA, pending investigation and passing of final order, hereby issue following directions, by way of this ad-interim ex-parte order:
a) The following entities are restrained from accessing the securities market and further prohibited from buying, selling or dealing in the securities markets, either directly or indirectly, in any manner whatsoever, till further directions: Sl. No. Name of the entity PAN 1 Kelvin Fincap Limited AAACD1881H 2 Keyur M Shah AAHPS4084K 3 Keyur M Shah (HUF) AAAHK5034L 4 Kavita K Shah AAYPS3458E 5 Dahyabhai Shares And Stock Brokers Ltd AAACD1880G 6 Bhavik Satish Badani ALRPB9295L 7 Bipin Bhikhabhai Patel AIDPP3653M 8 Sushma Vimalkumar Raval BBPPE7839K 9 Mahendrabhai Sakalchand Shah AJMPS0962J 10 Mansukh Sanghvi ABJPS8618E 11 Vishal Kumar Shah AYBPS0534J 12 Surekhaben K Shah BORPS0804Q 13 Cromakem Limited AAECC0841Q Brought to you by http://StockViz.biz Page 28 of 55
14 Do Max Steel Limited AACCD7020L 15 Stardom Trading Company Pvt Ltd AAHCS1332H 16 Sapan Chemicals Limited AAFCS2725Q 17 Fast Track Entertainment Limited AAACF7961Q 18 Cornhill Trading Company Pvt Ltd AACCC0591P 19 Sonal International Ltd AACCS1185R 20 Jalpa Jani AMVPJ5720H 21 Kirti Mehta AKSPM3939N 22 Jayshree Shankar Bhosle AFMPB0449P 23 Nova Gold Petro Resources Limited AAACO2454R 24 Acil Cotton Industries Limited AABCA7788F 25 Zimig Trading Company Private Limited AAACZ6848C 26 Inventure Finance Private Limited AAACM0623J 27 Naresh Nagindas Shah ARYPS5993F 28 Mukesh Nanubhai Desai AATPD0728R 29 RFL International Limited AAACR9384B 30 Rupesh Balkrishna Bhoir ALZPB9604R 31 Kavita Sunish Behl AAJPB7775N 32 Geeta Narendra Shah AAOPS2033H 33 Hasmukhlal Ramanlal Shah AADPS8752L 34 Shobhanaben N. Moradia AIKPM4674N 35 Bharat N. Moradiya AMTPM0749H 36 Vasantben Dhanjibhai Donda AEGPD4889J 37 Mukesh N. Moradia AIVPM3622K 38 Shehul V. Moradia AIVPM3623J 39 Bhimjibhai D. Chanchapara ACXPP9049B 40 Dhanjibhai S. Donda AEIPD5332A 41 Vallabhbhai D. Sachapra ACXPP9026C 42 Hiren Tulsibhai Moradia AMTPM8714C 43 Rajesh Moradia ACRPM4534E 44 Dharmesh Tulsibhai Moradia ALEPM6311R
b) Kelvin Fincap Limited (PAN: AAACD1881H) is restrained from raising further capital, either directly or indirectly, in any manner whatsoever, till further directions.
46. SEBI reserves right to proceed against other entities of Kelvin Fincap Group at any stage of the investigation or thereafter. The persons/entities against whom this order is passed may file their replies, if any, to SEBI within 21 days from the date of receipt of this order, if they so desire, avail an opportunity of personal hearing on a date, place and time fixed in that regard by Securities and Exchange Board of India.
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47. This order is without prejudice to the right of SEBI to take any other action that may be initiated against the aforementioned entities, mentioned in para 40 above, in accordance with law.
48. This order shall come into force with immediate effect.
DATE: AUGUST 14 th , 2014 RAJEEV KUMAR AGARWAL PLACE: MUMBAI WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA
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ANNEXURE - A S. No. PAN Name Basis of Relationship 1 AAACD1880G Dhayhabhai Shares and Stock Brokers Pvt. Ltd. 1. The entity is the promoter of Kelvin Fincap Limited ("Kelvin") as on June 30, 2014 as per BSE website.
2. The entity has received `25,000 from Cromakem Limited on 12/05/2012. 2 AAHPS4084K Keyur M Shah 1. The entity is director of Dhayhabhai Shares and Stock Brokers Pvt. Ltd and was promoter of Kelvin as per shareholding pattern on BSE website quarter ending December 31, 2012.
2. The entity transferred shares to Mr. Narendra R Shah, Mr. Mahesh R Shah, Mr. Abhishek N Shah and Ms. Geeta N Shah in physical form. 3 AAAHK5034L Keyur M Shah (HUF) 1. The entity is an HUF with Keyur M Shah as the karta and was the promoter of Kelvin as on March 31, 2012 as per BSE website.
2. The entity transferred 50,000 shares to Narendra R Shah (HUF) in physical form on 07/04/2012. 4 AAYPS3458E Kavita K Shah 1. The entity is director of Dhayhabhai Shares and Stock Brokers Pvt. Ltd and was promoter of Kelvin as per shareholding pattern on BSE website for quarter ending December 31, 2012. She also shares common address with Keyur M Shah viz, 22 / 23, Purab Apartment, 42, B. G. Kher Marg, Malbar Hill Mumbai 400006.
2. The entity transferred shares to Mr. Narendra R Shah, Mr. Abhishek N Shah and Ms. Geeta N Shah in physical form, on 07/04/2012. 5 ALRPB9295L Bhavik Satish Badani 1. The entity is director of Kelvin as per MCA and BSE websites
2. The entity is one of the directors of Cromakem Limited. 6 AIDPP3653M Bipin Bhikhabhai Patel 1. The entity is one of the directors of Kelvin as per MCA and BSE website.
2. The entity shares common address, viz. 401 B-28, Shanti Nagar Co. Op. Hsg. Ltd. Shanti, Nagar, Sec - 7, Above Indra Hospital, Mira Road, Mumbai, 401107, with Mr. Jitendra Patel (director of RFL International Limited and Fast Track Entertainment Limited). 7 BBPPE7839K Sushma Vimalkumar Raval 1. The entity is one of the directors of Kelvin as per MCA website.
2. The entity is also the director of Millennum Cybertech Limited.
3. The entity shares common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092, with Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro-Resources Limited). Brought to you by http://StockViz.biz Page 31 of 55
8 AJMPS0962J Mahendrabhai Sakalchand Shah 1. The entity one of the directors of Kelvin as per MCA Website.
2. The entity is also a director of Heema Infocom Limited and GFL Financial India Limited. 9 AYBPS0534J Vishal Kumar Shah 1. The entity is one of the directors of Kelvin as per BSE website.
2. The entity is one of the directors of Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do Max Steel Limited. 10 AAECC0841Q Cromakem Limited 1. Mr. Bhavik Satish Badani is one of the directors of Kelvin and Cromakem Limited.
2. Narendra Ramanlal Shah and Cromakem Limited share common address, viz. 24, jalaram Nagar, opp.chamunda Circle, ganjawala Lane,Borivali(w), , Mumbai, Maharashtra - 400092.
3. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited
4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
5. The entity received/transfered funds from/to SDFC Finance Limited and Kosha Cubidor Containers Limited. 11 AACCD7020L Do Max Steel Limited 1. The entity shares common director viz, Mr. Vishal Kumar Shah, with Kelvin, Cornhill Trading Co. Pvt. Ltd. and Earth Exim Limited.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 12 AAHCS1332H Stardom Trading Company Pvt Ltd 1. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai, Maharashtra - 400092.
2. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited.
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3. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 13 AAFCS2725Q Sapan Chemicals Limited 1. Earth Exim Ltd, Ms. Geeta N Shah, Sapan Chemicals Limited and Mr. Narendra Ramanlal Shah share common address, viz. 23 Jalaram Nagar Nr. Chamunda Circle Gajawala Lane Borivli West, Mumbai, Maharashtra - 400092.
2. Ms.Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092.
3. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
4. Jaishree Shankar Bhosle is the promoter of Sapan Chemical Limited, as per BSE website. 14 AAACF7961Q Fast Track Entertainment Limited 1. Director of Fast Track Entertainment Limited and RFL International Limited (Jitendra Patel) share same address with the Director of Kelvin, Mr. Bipin Patel, viz. 401 B-28, Shanti Nagar Co. Op. Hsg. Ltd. Shanti, Nagar, Sec - 7,Above Indra Hospital, Mira Road,, Mumbai, 401107.
2. Acil Cotton Industries Limited and Fast Track Entertainment Limited share common address, viz. B-7/404 A, Natraj Township Part-ii, near Parshuram Nagar Society, Sayaji Ganj,, Vadodara, Gujarat - 390005.
3. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'.
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15 AACCC0591P Cornhill Trading Company Pvt Ltd 1. Mr. Vishal Kumar Shah is one of the director of Kelvin, Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do Max steel limited.
2. Universal Credit and Securities Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd and Gfl Financials India Limited share common address, viz. 15 Shriram Vihar, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092.
3. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092.
4. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited.
5. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
6. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 16 AACCS1185R Sonal International Ltd 1. Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited.
2. Sonal International Ltd and RFL International Limited share common address, viz. 304, Akruti Complex,nr.stadium Six Cross Road, Navrangpura,, Ahmedabad, Gujarat, India, 380009. 17 AAACO2454R Nova Gold Petro Resources Limited 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092, Maharashtra, India.
2. The entity received ` 25,00,000 from Cromakem Ltd on 20/11/2013 18 AAACI4383H IFSL Limited Ms. Pallavi Chetan Pandit is one of the directors of Cornhill Trading Co. Pvt. Ltd, Cromakem Limited, Sonal International Limited, Stardom Trading Co. Pvt. Ltd. and IFSL Limited Brought to you by http://StockViz.biz Page 34 of 55
19 AABCA7788F Acil Cotton Industries Limited 1. Cornhill Trading Company Pvt Ltd, Stardom Trading Company Pvt Ltd and Acil Cotton Industries Limited share common address, viz. 38, Ganga Vihar, 3rd Floor, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092.
2. Acil Cotton Industries Limited and Fast Track Entertainment Limited share common address, viz. B-7/404 A, Natraj Township Part-ii,near Parshuram Nagar Society, Sayaji Ganj,, Vadodara, Gujarat, India, 390005.
3. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092.
4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
5. Vimalkumar Raval is one of the directors of Zimig Trading Pvt. Ltd. and Acil Cotton Industries Limited. 20 AAACZ6848C Zimig Trading Company Private Limited 1. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
2. Vimalkumar Raval is one of the directors of Zimig Trading Pvt. Ltd. and Acil Cotton Industries Limited. 21 AAHCS4914K Suryamangal Media & Entertainment Ltd 1. The entity is one of the preferential allottees.
2. Universal Credit and Securities Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd and Gfl Financials India Limited share common address, viz. 15 Shriram Vihar, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092.
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22 AABCE3676Q Earth Exim Ltd 1. Mr. Vishal Kumar Shah is one of the directors of Kelvin, Cornhill Trading Co. Pvt. Ltd., Earth Exim Limited and Do Max Steel Limited.
2. Earth Exim Ltd, Ms. Geeta N Shah, Sapan Chemicals Limited and Mr. Narendra Ramanlal Shah share common address, viz. 23 Jalaram Nagar Nr. Chamunda Circle Gajawala Lane Borivli West, , Mumbai, Maharashtra, India, 400092.
3. Mr. Narendra R Shah is one of the directors of Earth Exim Limited and Universal Credit and Securities Limited.
4. Cornhill Trading Company Pvt Ltd, Earth Exim Ltd, Stardom Trading Company Pvt Ltd, Mr. Rupesh Balkrishna Bhoir, Fast Track Entertainment Limited and Mr. Chirag Dineshkumar Shah, share common e-mail ID 'NOVAGOLD2011@GMAIL.COM'. 23 AADCH2621N Heema Infocom Limited 1. Mr. Mahendrabhai Sakalchand Shah is one of the directors of Kelvin, Heema Infocom Limited and GFL Financials India Limited.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 24 AABCG0597Q GFL Financial India Ltd 1. The entity is one of preferential allottees of Kelvin.
2. Mr. Mahendrabhai Sakalchand Shah is one of the directors of Kelvin, Heema Infocom Limited and GFL Financials India Limited.
3. Universal Credit and Securities Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd and GFL Financials India Limited share common address, viz. 15 Shriram Vihar, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092. 25 AAACR9384B RFL International Limited . 1. Director of Fast Track Entertainment Limited and RFL International Limited (Jitendra Patel) share same address with the Director of Kelvin, Mr. Bipin Patel, viz. 401 B-28, Shanti Nagar Co. Op. Hsg. Ltd. Shanti, Nagar, Sec - 7,Above Indra Hospital, Mira Road,, Mumbai, 401107, Maharashtra, India.
2. Sonal International Ltd and RFL International Limited share common address, viz. 304, Akruti Complex,nr.stadium Six Cross Road, Navrangpura,, Ahmedabad, Gujarat, India, 380009. 26 AABCM8712D Millennum Cybertech Ltd Ms. Sushma Vimalkumar Raval is one of the directors of Kelvin and Millennium Cybertech Limited.
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27 AAACU2627G Universal Credit And Securities Ltd 1. Mr. Narendra R Shah is one of the directors of Earth Exim Limited and Universal Credit and Securities Limited.
2. Universal Credit and Securities Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd and Gfl Financials India Limited share common address, viz. 15 Shriram Vihar, Rokadia Lane, Borivali (w), Mumbai, Maharashtra, India, 400092. 28 AADCS2886E SDFC Finance Ltd The entity received/transferred funds from/to Kelvin and Cromakem. 29 AAACK6201G Kosha Cubidor Containers Ltd The entity received/transferred funds from/to Cromakem. 30 AAOPS2034A Mahesh Ramanlal Shah 1. The entity is one of the directors of Sapan Chemical Limited. 2. The entity received shares from Keyur M Shah, promoter of Kelvin till December 31, 2012, in physical form. 3. Ms. Geeta Narendra Shah, Mr. Narendra Ramanlal Shah, Mr. Mahesh Ramanlal Shah and Mr. Abhishek Narendra Shah share common address, viz. D-28-205 Yogi Nagar Borivali West Mumbai. 4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 31 ANIPR5608Q Vimalkumar Sureshchandra Raval 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092.
2. Vimalkumar Sureshchandra Raval is one of the directors of Zimig Trading Pvt. Ltd. and Acil Cotton Industries Limited. 32 ARYPS5993F Naresh Nagindas Shah The entity is director of GFL Financial India Limited. 33 AAPPS6559P Narendra Shah 1. The entity received shares from Keyur M Shah and Kavita K Shah, promoters of Kelvin till December 31, 2012, in physical form.
2. Ms. Geeta Narendra Shah, Mr. Narendra Ramanlal Shah, Mr. Mahesh Ramanlal Shah and Mr. Abhishek Narendra Shah share common address, viz. D-28-205 Yogi Nagar Borivali West Mumbai.
3. Earth Exim Ltd, Ms. Geeta N Shah, Sapan Chemicals Limited and Mr. Narendra Ramanlal Shah share common address, viz. 23 Jalaram Nagar Nr. Chamunda Circle Gajawala Lane Borivli West, , Mumbai, Maharashtra, India, 400092.
4. Mr. Narendra R Shah is one of the directors of Earth Exim Limited and Universal Credit and Securities Limited. Brought to you by http://StockViz.biz Page 37 of 55
5. Narendra Ramanlal Shah and Cromakem Limited share common address, viz. 24,jalaram Nagar,opp.chamunda Circle,gemjawala Lane, Borivali(w), Mumbai Maharashtra, India, 400092. 34 AAAHN2023C Narendra R Shah (HUF) 1. The entity is HUF of Narendra R Shah.
2. The entity received 50,000 shares from Keyur M Shah (HUF), promoter of Kelvin, in physical form, on 07/04/2012. 35 AAOPS2033H Geeta Narendra Shah 1. The entity received shares from Keyur M Shah and Kavita K Shah, promoter of Kelvin till December 31, 2012, in physical form.
2. Ms. Geeta Narendra Shah, Mr. Narendra Ramanlal Shah, Mr. Mahesh Ramanlal Shah and Mr. Abhishek Narendra Shah share common address, viz. D-28-205 Yogi Nagar Borivali West Mumbai.
3. Earth Exim Ltd, Ms. Geeta N Shah, Sapan Chemicals Limited and Mr. Narendra Ramanlal Shah share common address, viz. 23 Jalaram Nagar Nr. Chamunda Circle Gajawala Lane Borivli West, , Mumbai, Maharashtra, India, 400092.
4. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 36 BFVPS2543P Abhishek N Shah 1. The entity received shares from Keyur M Shah and Kavita K Shah, promoter of Kelvin till January 15, 2013, in physical form.
2. Ms. Geeta Narendra Shah, Mr. Narendra Ramanlal Shah, Mr. Mahesh Ramanlal Shah and Mr. Abhishek Narendra Shah share common address, viz. D-28-205 Yogi Nagar Borivali West Mumbai. 37 ADQPJ5053P Padmaben Jagdish Jani 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092, Maharashtra, India.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Brought to you by http://StockViz.biz Page 38 of 55
Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 38 AMVPJ5720H Jalpa Jani 1. Ms. Sushma Vimalkumar Raval (Director of Kelvin as per MCA website), Mr. Vimalkumar Sureshchandra Raval, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Mr. Jagdish Jani (Director of Sapan Chemical Limited, Surya Mangal Media and Entertainment Pvt. Ltd. and Acil Cotton Limited) and Mr. Mitesh Jagdish Jani (Director of Novagold Petro- Resources Limited) share common address, viz. 23 Shri Ram Vihar Rokadia Lane, Borivali West, Mumbai, 400092, Maharashtra, India.
2. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 39 AKSPM3939N Kirti Mehta As per the bank Account No. 911010005936771 of Kirti Mehta with Axis Bank Limited, the entity received/transferred funds from/to Kelvin, Cromakem Limited, Stardom Trading Co. Pvt. Ltd., Fast Track Entertainment Limited, Earth Exim Limited, Cornhill Trading Co. Pvt. Ltd., IFSL Limited, GFL Financial India Limited, Inventure Finance Pvt. Ltd., Sonal International Limited, Kosha Cubidor Containers Limited and Acil Cotton Industries Limited 40 AFMPB0449P Jayshree Shankar Bhosle 1. Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'.
2. Jaishree Shankar Bhosle is the promoter of Sapan Chemical Limited, as per BSE website. 41 ALZPB9604R Rupesh Balkrishna Bhoir Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. Brought to you by http://StockViz.biz Page 39 of 55
42 ARIPG5267E Gole Namdeo Shantaram Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 43 CFPPS4835H Chirag Dineshkumar Shah Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 44 ARRPS2518R Parag Chandrkant Shah Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 45 ABBPT1431A Varsha Trivedi Mr. Jayshree Shankar Bhosle, Heema Infocom Limited, Do Max Steel Limited, Suryamangal Media And Entertainment Limited, Cornhill Trading Company Pvt Ltd, Sapan Chemicals Limited, Ms. Padmaben Jagdish Jani, Ms. Jalpa Mitesh Jani, Cromakem Limited, Acil Cotton Industries Limited, Mr. Rupesh Balkrishna Bhoir, Mr. Chirag Dineshkumar Shah, Mr. Namdeo Shantaram Gole, Ms. Varsha Praful Trivedi, Mr. Mahesh Ramanlal Shah, Ms. Geeta Narendra Shah, Zimig Trading Company Private Limited and Mr. Parag Chandrkant Shah share common e-mail ID 'NOVAGOLD2007@YAHOO.CO.IN'. 46 AMIPS6846A Zubin Kamlesh Shah The entity is one of the preferential allottees. 47 AAZPM0394A M.V.R.S Prasad The entity is one of the preferential allottees. 48 AAAHJ0191D Ashok Jashraj Jain HUF The entity is one of the preferential allottees. 49 AAIPS9404N Mithalal Manoharlal Sahlot The entity is one of the preferential allottees. 50 ACKPM8513A Champaben Devjibhai Makwana The entity is one of the preferential allottees. 51 AZTPM3476A Deepaben Trabakbhai Makwana The entity is one of the preferential allottees. 52 AAAPT3253A Jagdish Hari Thakur The entity is one of the preferential allottees. Brought to you by http://StockViz.biz Page 40 of 55
53 AATPD0728R Mukesh N Desai The entity is one of the preferential allottees. 54 AAAPV4085A Rajesh Gopaldas Villaitramani The entity is one of the preferential allottees. 55 AAAPT6038P Kamlesh Hari Thakur The entity is one of the preferential allottees. 56 ACJPN8415H Prameela Mohandas The entity is one of the preferential allottees. 57 AABPK2469A Ashok Gopaldas Kripalani The entity is one of the preferential allottees. 58 AAEPT2433N Mrs. Lajwanti Hari Thakur The entity is one of the preferential allottees. 59 AAJPS0851L Mitesh Rajnikant Shah The entity is one of the preferential allottees. 60 AARPJ2757L Ramniranjan C Jhunjhunwala The entity is one of the preferential allottees. 61 AETPA7958N Prem Aggarwal The entity is one of the preferential allottees. 62 AAFPS1767F Ketan Bhupendrakumar Shah The entity is one of the preferential allottees. 63 AACHM2754B Mukesh N Desai (HUF) The entity is one of the preferential allottees. 64 AHCPP2686C Poonam Pramesagar Pasricha The entity is one of the preferential allottees. 65 AAIHR3732E Ravi Sancheti (HUF) 1. The entity is one of the preferential allottees.
2. The entity transferred a total of 2,00,000 shares to Jitendra Tejmal Dugar and Dhiraj Parasmal Dugar in physical form. 66 AQQPS2059B Tasneem Iqbal Syed The entity is one of the preferential allottees. 67 ABEPN6198B N.Satyanarayana The entity is one of the preferential allottees. 68 ADXPD6143K Mrs.Bhavani Bharatbhai Danga The entity is one of the preferential allottees. 69 AGKPM6963C Jignasa Subhash Mithawalla The entity is one of the preferential allottees. 70 ACXPP9026C Vallabhbhai D Sachapara The entity is one of the preferential allottees. 71 AADPM3931D Subhash Tikamdas Mithawalla The entity is one of the preferential allottees. 72 ACXPP9049B B.D.Sachpara The entity is one of the preferential allottees. 73 AAACM0623J Inventure Finance Private Ltd 1. The entity is one of the preferential allottees. 2. The entity received `25,22,400 from Cromakem Limited on 13/03/2013. 74 AIVPM3623J Shehul Vallabhbhai Moradiya The entity is one of the preferential allottees. Brought to you by http://StockViz.biz Page 41 of 55
75 AEIPD5332A Dhanjibhai Shamjibhai Donda The entity is one of the preferential allottees. 76 ACRPM4534E Rajesh Haribhai Moradia The entity is one of the preferential allottees. 77 AIVPM3622K Mukeshbhai Moradiya The entity is one of the preferential allottees. 78 AEGPD4889J Vasantben Dhanjibhai Donda The entity is one of the preferential allottees. 79 AMTPM8714C Hiren Tulsibhai Moradia The entity is one of the preferential allottees. 80 ADPPD5068B KRISHNA M.DAWDA The entity is one of the preferential allottees. 81 AIKPM4674N Shobhanaben Nareshbhai Mpradiya The entity is one of the preferential allottees. 82 AMTPM0749H Bharatbhai Nanjibhai Morada The entity is one of the preferential allottees. 83 AAJPB7775N Kavita Sunish Behl The entity is one of the preferential allottees. 84 AADPS8752L Hasmukhlal R.Shah The entity is one of the preferential allottees. 85 ABVPJ5592Q Sunita Dinesh Jaiswal 1. The entity is one of the preferential allottees of Kelvin.
2. The entity transferred 2,20,000 shares to Naresh Nagindas Shah on 12/8/2013 through off market transactions. 86 ABVPJ5571B Dinesh Gangaprasad Jaiswal 1. The entity is one of the preferential allottees of Kelvin.
2. The entity transferred 2,50,000 shares to Naresh Nagindas Shah on 12/8/2013 through off market transactions. 87 ALEPM6311R Dharmesh Tulsibhai Moradia The entity is one of the preferential allottees. 88 AFZPS4055B Falguni Ketan Shah 1. The entity shares common address with Ketan Shah, preferential allottee.
2. The entity received 1700 shares from Ketan Bhupendrakumar Shah on 6/11/2013 and transferred the same number of shares on 27/11/2013 through off market transactions 89 ABOPM3631N Banubibi Sarwar Mohid The entity received 3000 shares from Cornhill Trading Company Pvt Ltd on 26/6/2013 through off market transactions 90 ABOPM3630P Sarwar Abdulkadir Mohid The entity received 3000 shares from Cornhill Trading Company Pvt Ltd on 26/6/2013 through off market transactions 91 AABHM5423J Maheshwari Omprakash Basantilal (HUF) The entity received 3000 shares and 5000 shares from Cornhill Trading Company Pvt Ltd on 8/7/2013 and 16/7/2013 respectively and 2000 shares from Dadima Capital (P) Ltd on 19/11/2013 through off market transactions 92 AKXPR4288E S Rajesh The entity received 5000 shares from Cornhill Trading Company Pvt Ltd on 15/7/2013 through off market transactions 93 ABOPC2448M Anilbhai Devjibhai Chauhan The entity received 14000 shares from Cornhill Trading Company Pvt Ltd on 2/8/2013 and 5500 shares from Dadima Capital (P) Ltd on 4/9/2013 through off market transactions Brought to you by http://StockViz.biz Page 42 of 55
94 AAVPU3814B Bharati Bharat Upadhyay The entity received 72600 shares from Cromakem Limited on 1/2/2014 through off market transactions and 67400 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 95 AGSPD5628B Niranjanaben Ashwinkumar Desai The entity received 4800 shares from Naresh Nagindas Shah on 5/3/2014 through off market transactions 96 AAVPS2772G Haresh Rajmal Shah The entity received 9100 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 97 AABHS8946N Sanjay Madanlal Sanghvi (HUF) The entity received 10000 shares from Naresh Nagindas Shah on 29/3/2014 through off market transactions 98 AAAPI4645P Dinesh Dhanjibhai Italia The entity received 9000 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 99 AAGCR4662J Reachsmart Construction Private Limited . The entity received 40000 shares from Naresh Nagindas Shah on 24/1/2014 through off market transactions 100 AEQPS7882A Priti Vipul Shah The entity received 17400 shares from Naresh Nagindas Shah from 3/12/2013 to 16/1/2014 through off market transactions 101 AADPT0508R Rekha Manoj Thakkar The entity received 15400 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 102 AAVPS6090F Mamta Mahesh Sanghavi The entity received 15200 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 103 ABWPT3678G Chhaya Deepak Thakker The entity received 15400 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 104 AABPS8536Q Chandrika Dharmendra Sanghavi The entity received 15300 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 105 AMVPS6299J Geeta Bharat Sanghvi The entity received 15300 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 106 BMMPS8777F Rushabh Vipul Shah The entity received 13200 shares from Naresh Nagindas Shah from 3/12/2013 to 21/1/2014 through off market transactions 107 ACQPS5671M Sanjay Madanlal Sanghvi The entity received 20000 shares from Naresh Nagindas Shah on 14/3/2014 through off market transactions 108 AXFPS1272E Seema Haresh Shah The entity received 9200 shares from Naresh Nagindas Shah on 5/11/2013 through off market transactions 109 ACNPS2202F Priti Sanjay Sanghvi The entity received 20000 shares from Naresh Nagindas Shah on 14/3/2014 through off market transactions 110 AFIPP4761L Dharmeshkumar Vinodchandra Patel The entity received 3200 shares each from Sonal International Ltd and Dadima Capital (P) Ltd. on 30/8/2013 through off market transactions 111 AABCD2140E Dadima Capital (P) Ltd Narendra R Shah is one of the directors of the entity. The entity received 1,50,000 shares from Stardom Trading Pvt. Ltd. On August 21, 2013 and 1,00,500 shares from Padmaben Jain on September 04, 2013 through off market transactions. Brought to you by http://StockViz.biz Page 43 of 55
112 AHAPP5916H Jaswant Kantilal Parmar The entity transfered 11430 shares to Cornhill Trading Company Pvt Ltd from 7/4/2014 to 28/4/2014 and 5000 shares to Vijay Govindarajan on 11/4/2014 through off market transactions 113 AIOPG4980F Hiren Kirit Gandhi The entity transfered 2825 shares to Do Max Steel Limited on 30/4/2014 through off market transactions 114 AQQPG4855K Maruti Shankar Gaude The entity transfered 2130 shares to Dadima Capital (P) Ltd on 9/1/2014 and 85025 shares to Earth Exim Ltd. From 9/1/2014 to 6/5/2014 through off market transactions 115 AHNPD1452H Vidyadhar Ramnaresh Dubey The entity transfered 4100 shares to Narendra Shah on 2/11/2013, 5530 shares to Dadima Capital (P) Ltd on 9/1/2014 and 61460 shares to Sonal International Limited from 8/2/2014 to 5/3/2014 through off market transactions 116 BPLPR1372B Maheshbhai Chhanalal Raval The entity transfered 39350 shares to Naresh Nagindas Shah on 2/1/2014 through off market transactions 117 BPPPR0616L Amitkumar Maheshbhai Raval The entity transfered 29950 shares to Naresh Nagindas Shah on 2/1/2014 through off market transactions 118 AIYPD1020H Vinod Gajanan Dhadave The entity transfered a total of 29925 shares to Naresh Nagindas Shah on 13/3/2014, 27/3/2014 and 30/4/2014 through off market transactions 119 BINPP6932L Bharatkumar Prahladbhai Prajapati The entity transferred a total of 10,150 shares to Naresh Shah, Sonalben Dhirenkumar Patel, Minaben Ambalal Patel, Ambalal Ranchhodbhai Patel, Bhavika Jaykumar Patel And Keyur Babulal Patel during the period from 21/11/2013 to 6/3/2014. 120 AOYPM7851H Madhuben H Modi The entity transfered 2900 shares to Naresh Nagindas Shah on 5/3/2014 through off market transactions 121 AADPA1333M Hansaben Mahendra Amin The entity received 200000 shares from GFL Financial India Ltd on 29/9/2012 in physical form 122 AABPA4050H Mahendra Dhanjibhai Amin The entity received 200000 shares from GFL Financial India Ltd on 29/9/2012 in physical form 123 AABPD2576M Jitendra Tejmal Dugar The entity received 100000 shares from Ravi Sancheti (HUF) on 29/9/2012 in physical form 124 ADXPD9319B Dhiraj Parasmal Dugar The entity received 100000 shares from Ravi Sancheti (HUF) on 29/9/2012 in physical form 125 AAACU8715B Umang Projects Limited The entity received 1,00,000 shares from Geeta Narendra Shah on 30/4/2012 in physical form 126 AADCS7899F Solex Commercial & Credit Pvt.Ltd. The entity received 100000 shares from Narendra R Shah on 30/4/2012 in physical form 127 AAICS0162N Dukes Products (India) Limited The entity received 10000 shares from Geeta Narendra Shah on 30/4/2012 in physical form 128 AADCV0856B Viren Shelters Limited The entity received 30000 shares from Abhishek N Shah and 70,000 shares from Mahesh R Shah on 30/4/2012 in physical form 129 AABCA7142D Ankit Biscuits Pvt. Ltd. The entity received 100000 shares from Narendra R Shah on 30/4/2012 in physical form 130 AABCD4645E Dukes Consumer Care Limited The entity received 50000 shares from Narendra R Shah (HUF) and 50,000 shares from Narendra R Shah on 30/4/2012 in physical form Brought to you by http://StockViz.biz Page 44 of 55
131 AAAHO2774F Omprakash Agarwal (HUF) The entity received 40000 shares from Abhishek N Shah on 30/4/2012 in physical form 132 ACLPA3472F Omprakash Agarwal The entity received 40000 shares from Narendra R Shah on 30/4/2012 in physical form 133 AFCPJ6983L Ruchit Hiralal Jain The entity received 15000 shares from Mukesh N Desai (HUF) on 25/7/2013 in physical form 134 ADSPA1892P Ajay Shridhar Acharya The entity received 15000 shares from Mukesh N Desai (HUF) on 25/7/2013 in physical form 135 AAAPJ9174C Champalal Mohanlalji Jain The entity received 15000 shares from Mukesh N Desai (HUF) on 25/7/2013 in physical form 136 ABOPG4132E Vikas Sarwankumar Gupta The entity received 30000 shares from Suryamangal Media & Entertainment Ltd on 6/7/2013 in physical form 137 AAGHM2012J Gopi Krishna Manepally (HUF) The entity received 26500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 138 AAGHM2011M Muralikrishna Manepally The entity received 26500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 139 ABLPJ0975H Premchand Gainchand Jain The entity received 30000 shares from Suryamangal Media & Entertainment Ltd on 29/6/2013 in physical form 140 AGJPA1748G Ankit Agarwal The entity received 120000 shares from Suryamangal Media & Entertainment Ltd on 29/6/2013 in physical form 141 CAJPS1111F Madhu K Shyamsukha The entity received 22600 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 142 AJGPK7846K Nitin K Kagzi The entity received 5000 shares from Cromakem Limited on 31/10/2012 and 5,000 shares from Millennum Cybertech Limited on 4/5/2013 in physical form 143 AGKPB1054B Suraj Prakash Bhalla The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 144 AFCPB9484J Naveen Bhalla The entity received 10000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 145 AMDPB7288C Garima Bhalla The entity received 10000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 146 ABHPM9092L Sonalben Vijaybhai Makwana The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 147 ABHPM9090J Rakshaben Arunbhai Makwana The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 148 AAPPM6446H Mohanbhai Ranchodlal Makwana The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 149 AAGPP4875J Jyoti D Parekh The entity received 12500 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 150 AHMPP5481H Prakash Narayanbhai Prajapati The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 151 AAAPD5694H Vinod K Doshi The entity received 40000 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form Brought to you by http://StockViz.biz Page 45 of 55
152 ALZPP3198A Bhagwatilal Pagaria The entity received 17000 shares from Mukesh N Desai (HUF) on 25/7/2013 in physical form 153 ADGPD0192D Rakesh Dhariwal The entity received 8500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 154 AEEPG7912H Devibai Bhawarlal Gandhi The entity received 16200 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 155 ABSPT8049H Sadhana Tolasariya The entity received 16000 shares from Mukesh N Desai (HUF) on 26/10/2013 in physical form 156 ABTPT0016D Laxmi Kanta Tolasariya The entity received 16000 shares from Mukesh N Desai (HUF) on 26/10/2013 in physical form 157 ADFPJ1887Q Krunal Ramesh Janani The entity received 12000 shares from SDFC Finance Ltd on 14/7/2012 in physical form 158 AJSPP5881H Prachi Nitin Kagzi The entity received 7800 shares from Kosha Cubidor Containers Ltd on 31/10/2012 in physical form 159 AAEPP2449Q Shivali D Parekh The entity received 12500 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 160 AHMPP6874C Rakesh Narayanbhai Prajapati The entity received 30000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 161 AQSPS3383G Karnesh Shyamsukha The entity received 30000 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 162 ABCPN0097M Anand Kumar Nahar The entity received 13000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 163 ACTPR0863K Jaya Lalit Shah The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 164 AATPC3367M Bhavna Bharatbhai Chopra The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 165 AFYPB2359C Sweetydevi Hitesh Chopra The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 166 AAAHC6262J Nemichand B Chopra Huf The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 167 AAMPC2665F Bharatkumar Nemichand Chopra The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 168 AAQPC7475F Nemichand Baxiram Chopra The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 169 ADRPM4459K Mahendra K Mehta The entity received 8500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 170 AEGPS6711Q Suman Rajesh Shah The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 171 AFZPG5363E Mamta Pravin Gandhi The entity received 18000 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form Brought to you by http://StockViz.biz Page 46 of 55
172 AAPPM6445E Vijaybhai Mohanbhai Makwana The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 173 AAJPJ4929L Babita Mahendra Jain The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 174 ACWPJ4028K Anjana Satish Jain The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 175 AAJPJ8038L Rajashree Nitinkumar Jain The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 176 ALLPJ0145R Alka Ankit Jain The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 177 AAJPJ4928M Sukhiben Sagarmal Jain The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 178 AADHJ2188K Satish Sagarmal Jain (HUF) The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 179 AAAHM8205M Mahendra Sagarmal Jain (HUF) The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 180 AAAHN4499J Nitin Sagarmal Jain (HUF) The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 181 AAKHA9197C Ankit Mahendra Jain Huf The entity received 5500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 182 AAUPS6522K Sailesh Pragji Shah The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 29/6/2013 in physical form 183 AAAHN3298K Nainesh G Jain Huf The entity received 8200 shares and 50 shares from Kosha Cubidor Containers Ltd on 14/7/2012 and 14/8/2012 respectively and 1000 shares from SDFC Finance Limited on 29/9/2012 in physical form 184 AAEPJ2561P Vaishali Nainesh Jain The entity received 8300 shares from Kosha Cubidor Containers Ltd and 1200 shares from SDFC Finance Limited on 14/7/2012 in physical form 185 AACPP8181B Kalpesh D Parekh The entity received 12500 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 186 ADVPD5950A Priti Dharewa The entity received 5000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 187 AEDPA7637Q Manish Agrawal The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 188 ACKPS1326D Nitin K Shah The entity received 15000 shares from Suryamangal Media & Entertainment Ltd on 29/6/2013 in physical form 189 AFLPD0265J Kapilaben Umiyashankar Joshi The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 190 ACXPM5128N Sheetal S Mehta The entity received 8500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 191 ABIPM7371D Chandrika M Mehta The entity received 8500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 192 AACPP8180A Dhirajlal J Parekh The entity received 12500 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 47 of 55
193 AAPPM6035J Shardaben Mohanbhai Makwana The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 194 AFDPJ1441A Ankit N Janani The entity received 8000 shares from RFL International Limited and 4000 shares from SDFC Finance Limited on 14/7/2012 in physical form 195 ABOPP8114D Manish Porwal The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 196 AABHD3494G Pramod Kumar Dalmia (HUF) The entity received 8000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 197 AAAHR0144Q Ramesh C Janani Huf The entity received 8000 shares from RFL International Limited and 2500 shares from SDFC Finance Limited on 14/7/2012 in physical form 198 AOQPJ6594N Manav J Janani The entity received 10500 shares from SDFC Finance Ltd on 14/7/2012 in physical form 199 AJCPD4157A Kunal Prabhakar Deshmukh The entity received 8000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 200 AAZPD5085B Hema Prabhakar Deshmukh The entity received 8000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 201 BMTPS0594M Shreya U Sanghavi The entity received 3500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 202 CAQPK7555L Nimishaben A Kadia The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 203 AKSPK4046N Harshadkumar B Kadia The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 204 AFNPK8525J Alkeshkumar Babubhai Kadia The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 205 AGFPK2166G Shakuntala Karwa The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 206 AAFHP5115A Praveen Chand Amichand (HUF) The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 207 AGFPK2169K Kamal Kishore Karwa The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 208 AGFPK2167H Venu Gopal Karwa The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 209 AGFPK2155H Shrikant Karwa The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 210 AACHM6405R Makwana Arunbhai Mohanbhai (HUF) The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 211 AJCPD8627M Mayuri Prabhakar Deshmukh The entity received 8000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 212 AFJPR1610P Ramesh Chhallani The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 213 AAFHS8024K Sheetal S Mehta Huf The entity received 8500 shares from GFL Financial India Ltd on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 48 of 55
214 AALHR9880C Ramesh Chhallani Huf The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 215 AAEHN0043C Narendra C Janani Huf The entity received 8200 shares from RFL International Limited and 2300 shares from SDFC Finance Limited on 14/7/2012 in physical form 216 AAAHJ0488F Jitendra C Janani Huf The entity received 8900 shares from Universal Credit And Securities Ltd and 1600 shares from SDFC Finance Limited on 14/7/2012 in physical form 217 AJEPB3408Q Shailesh Z Bhandari The entity received 4000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 218 ANZPD8205A Anup Prabhakar Deshmukh The entity received 8000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 219 ALWPS7304N Rekha Manoj Shah The entity received 40000 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 220 ADGPJ0194B Geetaben Rajeshkumar Jain The entity received 16800 shares from Mukesh N Desai (HUF) on 16/11/2013 in physical form 221 AEGPN6094P Urmila P Nemani The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 222 AIVPN2183N Prerak P Nemani The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 223 AEMPN1814R Nishant P Nemani The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 224 AKLPJ5402A Minal Krunal Janani The entity received 8000 shares from Universal Credit And Securities Ltd on 14/7/2012 in physical form 225 AJZPP1664P Avinash Porwal The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 226 AABHU0096B U R Sanghvi Huf The entity received 3500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 227 AAFHS1862M Srikant Karwa Huf The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 228 AMTPJ9069K Pooja Jain The entity received 2500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 229 AAEHP3764Q Pawan Kumar Nemani Huf The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 230 AAEHK3969C Manoj Z Khivsara Huf The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 231 ACAPS2670J Chaya Sailesh Shah The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 29/6/2013 in physical form 232 AACHK9840E Kamal Kishor Karwa Huf The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 233 AJHPK7359L Murari Ramnarayan Karwa The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 234 ALFPK4226Q Sulochana R Karwa The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 235 AABHV8959A Venu Gopal Karwa Huf The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form Brought to you by http://StockViz.biz Page 49 of 55
236 AGFPK2158L Ramanarayan H Karawa The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 237 AUFPK2191R Archana G Karwa The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 238 AGCPK5348P Neelu Manoj Khivsara The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 239 AACHS8497K Suresh Rameshwarlal Kothari Huf The entity received 2400 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 240 AFHPV9545F Vishal Jain The entity received 2500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 241 AAQPB9783P Zumberlal H Bhandari The entity received 4000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 242 AAFHB8657P Bhavin Chandulal Shah Huf The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 243 AMGPB6442B Anil Hiralal Bhandari The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 244 AAVPA0108L Rameshwarlal G Kothari The entity received 2400 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 245 ACXPM5129P Meera Sheetal Mehta The entity received 8500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 246 DFHPS4978L Divyang Ramesh Sadhwani The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 247 AAMHR5898D Ramesh Morandmal Sadhwani (HUF) The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 248 AADPA6233E Sunita Rakesh Agarwal The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 249 AALHR9586F Rakesh R Agarwal Huf The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 250 AAPPB2953C Nilesh Vijay Bhatevara The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 251 ACVPA5077A Rakesh Agarwal The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 252 ATIPP5949C Saurabh N Patel The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 253 BMDPP9341R Mittal P Patel The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 254 AASPV1975F Ravi Vajawat The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 255 AABPS7373R Amita Parag Shah The entity received 15100 shares from Cromakem Limited and 1100 shares from Millennium Cybertech Limited on 14/7/2012 in physical form 256 AIGPP8081J Neha D Patel The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 257 ADPPK8753Q Suresh Rameshwarlal Kothari The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 50 of 55
258 BBZPB0749L Archana Rohit Bhandari The entity received 3000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 259 AADHR6147N Rameshwarlal Gulabchand Huf The entity received 1600 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 260 AIGPP8011N Dinesh M Patel The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 261 AVJPS3232Q Pallavi M Shirude The entity received 4000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 262 AAQHS5761J Shirude Milind R Huf The entity received 3500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 263 AGFPK2157F Ghanshyamdas Karwa The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 264 EFMPS7289C Yash Parag Shah The entity received 2000 shares from Millennium Cybertech Ltd and 8000 shares from Cromakem Limited on 31/7/2012 in physical form 265 AGLPK7190G Surinder Charansingh Kaur The entity received 7000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 266 ABMPK0516A Deepak Rameshwarlal Kothari The entity received 1600 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 267 ACNPS1799P Milind R Shirude The entity received 3500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 268 AEJPB4820Q Vandana Anil Bhandari The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 269 AAAPJ7220P Jayanthi Kumari The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 270 ABWPM8495Q Mangi Devi The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 271 AAIHM3818E Mahaveerkumar Praveenchand (HUF) The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 272 AAEHV8290D Vimalkumar Praveenchand (HUF) The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 273 AAFHV9245P Vikramkumar Praveenchand (HUF) The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 274 AABPS7371P Parag Anandlal Shah The entity received 18400 shares from Millennum Cybertech Ltd on 14/7/2012 in physical form 275 AFAPD5513L Dinesh Kumar Jain The entity received 5000 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 276 ABAPJ3319G Prakash Kumar Jain The entity received 2500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 277 AIMPB3417A Rohitkumar S Bhandari The entity received 4000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 51 of 55
278 AJXPB9684M Rakesh S Bhandari The entity received 4000 shares from Poonam Premsagar Pasricha on 25/7/2013 in physical form 279 AIDPD8304R Pritesh G Deo The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 280 AARPV3324P P Vimal Kumar The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 281 AONPB7989N Bhandari Kanchan Sumtilal The entity received 3000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 282 AAQPD5950Q Govind D Deo The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 283 AACHV0256P Vijay F Sabadra Huf The entity received 2000 shares from GFL Financial India LTD on 25/7/2013 in physical form 284 ANMPS8650B Vijay F Sabadra The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 285 ACMPS2295K Sunanda Vijay Sabadra The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 286 BGWPS0440K Rashmi Vijay Sabadra The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 287 AACHM6406N Makwana Vijaybhai Mohanbhai Huf The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 288 BHXPS4067C Shilpa Bagreecha The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 289 AJLPJ2277L Vikas Kumar Jain The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 290 ABTPB2111P Sumtilal Pannalal Bhandari The entity received 3000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 291 ABWPM8494R P Mahaveer Kumar The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 292 AAFHN2519A Narendra M Agrawal Huf The entity received 5500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 293 AAPPV3421M Bindu Vajawat The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 294 AOFPV5904B Rohin Vajawat The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 295 AAQPD5949R Usha G Deo The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 296 AABPY4151B Shashikant N Yeola The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 297 ALJPS5991A Ramesh Morandmal Sadhwani The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 298 ANYPS3580Q Sunita Rameshchandra Sadhwani The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 299 AXDPK5755C Mohit Rajkumar Kothari The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 52 of 55
300 ABNPK6901A Durga Rajkumar Kothari The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 301 AAEHR3848D Rajkumar Rameshwarlal Huf The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 302 AFAPB6534M Shweta Vivek Kothari The entity received 800 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 303 ABBPD8991K Padma Devi The entity received 2500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 304 AIDPD8303J Hitesh G Deo The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 305 AAJHA8394Q Arvind M Agrawal Huf The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 306 AAAHB8392L Abhay P Bora Huf The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 307 AASPA8019P Kiran Dineshkumar Agrawal The entity received 1600 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 308 AARPV3323L P Vikram Kumar The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 309 AESPJ3783R Rupali Atul Jain The entity received 1500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 310 AALPJ3459K Atul Satishchandra Jain The entity received 1500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 311 AAKPT6824H Nandkishor Kantilal Tated The entity received 1500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 312 AFSPB0852N Anita Abhay Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 313 AFRPB3527R Neena Tejpal Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 314 AABHT0453R Tejpal P Bora Huf The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 315 ADHPB4828M Tejpal P Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 316 ADHPB4825G Abhaykumar P Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 317 AFRPB3530L Suganbai P Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 318 AWNPB0219R Sailee A Bora The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 319 AFQPA2808F Alka Jain The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 320 AANPA7734J Mithailal K Agarawal The entity received 5000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 321 AFQPA9253C Ranibai M Agarawal The entity received 5000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form Brought to you by http://StockViz.biz Page 53 of 55
322 ADPPA4146F Arvind Mithailal Agrawal The entity received 7000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 323 AALHP4640Q Narayan P Panicker Huf The entity received 5000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 324 AMLPB2241H Piyush Sunil Bafna The entity received 1200 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 325 ABGPA9107R Narendra M Agrawal The entity received 6500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 326 AFQPA9251A Swati Narendra Agrawal The entity received 6000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 327 AHGPB6587L Leena Sunil Bafna The entity received 1000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 328 AZXPB5572E Priyanka Sunil Bafna The entity received 1000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 329 AFQPA9252D Neelam Arvind Agrawal The entity received 5500 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 330 AYUPK7834Q Sarthak Sureshkumar Kothari The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 331 ADVPG5413H Aniruddha R Gawade The entity received 2500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 332 AALPY6141M Vijaya Shashikant Yeola The entity received 2000 shares from GFL Financial India Ltd on 25/7/2013 in physical form 333 AAEPC5128R Sampatraj Chhallani The entity received 3000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 334 AADHB8997E Balkishan Innani Huf The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 335 ATHPG7447B Akash A Gawade The entity received 2500 shares from GFL Financial India Ltd on 25/7/2013 in physical form 336 AAFHD8458Q Dineshkumar Jain Huf The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 337 AEXPK9060M Lalita Suresh Kothari The entity received 2000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 338 AABHG8591H Ghanshyamdas Harikishan Karwa Huf The entity received 1950 shares from Ghanshyamdas Karwa on 27/3/2014 through off market transactions 339 AACHM6051K Mohanbhai R Makwana Huf The entity received 10000 shares from Suryamangal Media & Entertainment Ltd on 25/7/2013 in physical form 340 AAQPT4000M Namdeo Kisan Tajane The entity received 80000 shares from Dadima Capital (P) Ltd on 30/8/2013 through off market transactions 341 AGSPT2723R Minal Namdeo Tajane The entity received 40000 shares from Dadima Capital (P) Ltd on 30/8/2013 through off market transactions Brought to you by http://StockViz.biz Page 54 of 55
342 ADKPP2023P Bharatbhai Zaverbhai Prajapati The entity received 6000 shares and 4500 shares from Dadima Capital (P) Ltd on 11/9/2013 and 9/10/2013 respectively through off market transactions 343 ARGPA6417L Aishwarya Abhishek Agrawal The entity received 9000 shares from Dadima Capital (P) Ltd on 21/8/2013 through off market transactions 344 BHZPA3199P Esha Ankit Agrawal The entity received 9000 shares from Dadima Capital (P) Ltd on 21/8/2013 through off market transactions 345 AABHP8743A Gordhanbhai Narandas Patel The entity received 8400 shares from Dadima Capital (P) Ltd on 5/9/2013 through off market transactions 346 AOMPC0772K Komilkumar Anilbhai Chauhan The entity received 7000 shares from Dadima Capital (P) Ltd on 31/10/2013 through off market transactions 347 ACTPP7683H Dhanjibhai Ravjibhai Dholaria The entity received 6000 shares from Dadima Capital (P) Ltd on 27/9/2013 through off market transactions 348 AAEHD9550L Dhanjibhai Ravjibhai Dholaria (Huf) The entity received 6000 shares from Dadima Capital (P) Ltd on 27/9/2013 through off market transactions 349 ANPPP5555K Saritaben D Patel The entity received 6000 shares from Dadima Capital (P) Ltd on 27/9/2013 through off market transactions 350 AACCS6506N Siddhachal Tradelink Pvt Ltd The entity received 3200 shares from Dadima Capital (P) Ltd on 28/8/2013 through off market transactions 351 AFNPS9308B Vimlaben Kantilal Sanghvi The entity received 3200 shares from Dadima Capital (P) Ltd on 28/8/2013 through off market transactions 352 ATRPK4534D Ramesh Krishna Kulaye The entity transfered a total of 32370 shares to Dadima Capital (P) Ltd from 7/4/2014 to 7/5/2014 through off market transactions 353 AEKPK6751Q Santosh Kumar The entity transfered 13000 shares to Dadima Capital (P) Ltd on 26/12/2013 through off market transactions 354 ABNPV8151B Vijay Govindarajan The entity received 5000 shares from Jaswant Kantilal Parmar on 11/4/2014 through off market transactions 355 ARCPP2280L Keyur Babulal Patel The entity received a total of 2100 shares from Bharatkumar Prahladbhai Prajapati on 21/11/2013 and 27/11/2013 through off market transactions and 5000 shares from Mukesh N Desai HUF on 26/10/2013 in physical form. 356 ACQPP0211N Minaben Ambalal Patel The entity received a total of 1800 shares from Bharatkumar Prahladbhai Prajapati on 10/12/2013 and 11/12/2013 through off market transactions 357 APLPP4465J Sonalben Dhirenkumar Patel The entity received a total of 1800 shares from Bharatkumar Prahladbhai Prajapati on 10/12/2013 and 11/12/2013 through off market transactions 358 AACHP4026P Ambalal Ranchhodbhai Patel - The entity received 1800 shares from Bharatkumar Prahladbhai Prajapati on 11/12/2013 through off market transactions Brought to you by http://StockViz.biz Page 55 of 55
359 AXMPP3283D Bhavika Jaykumar Patel The entity received 700 shares from Bharatkumar Prahladbhai Prajapati on 10/12/2013 through off market transactions 360 AEKPJ9968A Pawan Jain The entity received 6500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form 361 AAHHV3712M Vikas Kumar Jain (HUF) The entity received 2500 shares from Mukesh N Desai (HUF) on 14/12/2013 in physical form
DATE: AUGUST 14 th , 2014 RAJEEV KUMAR AGARWAL PLACE: MUMBAI WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA