Director's Report
Dear Members,
Your Directors have pleasure in submitting their 9th Annual Report of the Company together with the Audited Statements of Accounts for the year ended 31st March, 2017.

1. FINANCIAL RESULTS

The Company's financial performances for the year under review along-with previous year's figures are given here-under:

     (Rupees in Lacs)
PARTICULARS AS ON 31.03.2017 AS ON 31.03.2016
Revenue from Operations  29307.88 30245.35
Profit before interest and depreciation 2455.81 2369.47
Less:   Finance Costs 1199.75 1277.95
   Depreciation and Amortization Exp. 1225.60 1039.97
Profit Before Tax 30.46 51.55
Less:  Provision for Current Taxation   5.80 9.82
    Provision for Deferred Taxation (131.13) (172.53)
    Excess provision for taxation written off 0.59 6.18
Net Profit 155.19 208.07
Add:  Balance Brought forward 743.49 535.43
  
Balance Carried to Balance Sheet 898.68 743.49

2. DIVIDEND
Your directors do not recommend dividend for the year under review due to conservation of profit.

3. AMOUNT TRANSFERRED TO RESERVE
No amount transferred to the reserve during the under review. The Company has earned Net profit of Rs.155.19 lacs which was accumulated to Profits of previous years.

4. STATE OF COMPANY'S AFFAIRS
During the year under review, the revenue from operations of company has been marginally decreased from Rs.30245.35 lacs to Rs.29307.88 lacs. The total expenditure was marginally decreased from Rs. 30193.81 lacs to Rs.29277.43 lacs. The Company has posted Net Profit of Rs.155.19 lacs during the year under review. Your directors are hopeful for the better performance of the company in subsequent years.
5. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE ENDS OF THE FINANCIAL YEAR TO WHICH THESE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT
No material changes and commitments affecting the financial position of the Company occurred between the ends of the financial year to which these financial statements relate and the date of this report.

6. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
The information pertaining to conservation of energy, technology absorption and Foreign Exchange Earnings and Outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is given as under:
(A) Conservation of Energy-

(i). The step taken or impact on conservation of energy;
� Maintaining power factor and accordingly obtained rebate from DGVCL of Rs. 758945/-during the year
� Replaced 5.29 Kw conventional 189 Nos. LED tube lights with latest technology LED lighting system of 3.02 Kw LED tube light, at our plants which give same amount of light.
� Replaced 0.5 Kw conventional 2 Nos. Street light with latest technology LED lighting system of 0.14 Kw Street light, at our plants which give same amount of light.

(ii). The steps taken by the company for utilizing alternate source of energy:
The Company has installed in past 0.6 MW and 1.2 MW windmill and in last year installed 2.1 MW windmill for captive generation of power.

(iii).  Capital investment on energy conservation equipments;- NIL

(B) Technology Absorption, Research and Development

(i) The efforts made towards technology absorption and

(ii) the benefits derived

The Company is continuously making progress in the up - gradation of technology and innovation in the areas of manufacturing activities. These developments will result the quality of the product and yield resulting in superior cost competitiveness.
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-
(a) the details of technology imported:   (b) the year of import:
? DRAW WARPER M/C 2016-17
? 54 WATER JET LOOMS
? 30 RAPIER LOOMS 2014-15

(C) Foreign Exchange Earnings and Outgo:  
(Rs. in lacs)
Particulars 2016-17 2015-16
I) Foreign Exchange Earnings 2233.34 3149.11
  
II) Foreign Exchange Outgo:  
  a) Raw Material  0.04 1.18
  b) Capital Goods 44.53 392.56
  c) Consumable Stores 49.61 31.85
  d) Foreign Traveling 11.47 18.92
  e) Export Commission 12.15 59.39
   f) Exhibition Expenses 6.67 -

7. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY
It may be noted that none of the identified risks is of a nature which would threaten the existence of the Company. Directors of the company are having direct control over the operational activities of the Company. We consistently and periodically review our systems and policies in order to establish sound risk management and internal control systems.

8. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013
There were no loans, guarantees given and securities provided U/s - 186 of the Companies Act, 2013. However the company has complied with the provisions of section 186 of the Companies Act with respect to Investments.

9. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
All related party transactions that were entered into during the financial year were in the ordinary course of business and were on arm's length basis. There were no material contracts or arrangements or transactions at Arm's length basis. Hence, there were no transactions with related parties which are required to be provided in Form No.AOC-2.

The contracts / arrangements / transactions entered by the Company with related party which could not be considered as material were as under -

Sr. No. Name of Related Parties and Nature of Relationship Nature of Contracts / Arrangements/ Transactions Salient terms of the contracts or arrangements or transactions including the value, if any.
1 Fairdeal Filaments Ltd.  (Common Control of Key Managerial Personal) Interest Payment (Under Channel Financing) 76,505
  Purchase 21,782,536
  Job Charges 17,110,489
  DEPB License Purchase 128,133
  Job Income 27,292,340
  Sale 15,048,284
  Re-imbursement of Salary recd. 488,353
  Rent Income 103,500
  Re-imbursement of Power Chgs. recd. 252,429
2 Fairdeal Textile Park Pvt. Ltd. (Common Control of Key Managerial Personal) Effluent Treatment Charges 618,982
  Maintenance Charges Paid 1,029,510
  Lease Rent paid 128,724
  Leave and License Agreement (Worker's Hostel) 977,075
  Power Chgs. (Worker's Hostel) 39,423
  Job Income 873,723
  Sale 305,311
3 Lotus Marketing    (Common Control of Key Managerial Personal) Purchase 17,612,788
  Sale 305,311
  Commission Income 25,531
4
  Autotech Non-Wovens Pvt. Ltd. (Common Control of Key Managerial Personal) Sale 3,656,591
  Job Income 8,059,941
  Interest Income 69,098
  Purchase 24,350
5 Shahlon Textile Park Pvt. Ltd. (Common Control of Key Managerial Personal) Investment of Equity Shares 1,000,000

10. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS
There were no qualifications, reservations or adverse remarks made by the Statutory Auditors in their report. The Company is not required to appoint Secretarial Auditor.

11. NOMINATION AND REMUNERATION POLICY
Since the company is a private limited company, provisions relating to Nomination and Remuneration Committee under section 178 (1) are not applicable to the Company.
12. INTERNAL FINANCIAL CONTROLS SYSTEMS AND THEIR ADEQUACY:
Your company is conscious about the need to line up modern management practices. The company has been successfully running RAMCO ERP software since long back. The company has implemented BI tools to add further values and to make the information flow more dynamic to top and mid management levels. The company has an internal control system commensurate with its size and nature of its business which covers areas such as optimum utilization of resources, accurate and prompt recording of transactions, safeguarding of assets, adherence to applicable accounting standards and policies, review of IT and other systems, compliance with prevalent statutes, management policies and procedures. These are aimed at giving the management a reasonable assurance on the reliability of financial reporting and statutory and regulatory compliances, effectiveness and efficiency of your Company's operations. The Internal Financial Control Systems are reviewed periodically and revised to keep in tune with the changing business environment.

Separate audit report on internal financial control is annexed to Auditors' Report and forming part of this report.

13. EXTRACT OF ANNUAL RETURN
The extracts of Annual Return pursuant to the provisions of Section 92(3) read with Rule 12 of the Companies (Management and Administration) Rules, 2014 is furnished in "Annexure "A" and is attached to this Report.

14. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW
During the financial year 2016-17, Nine (9) meetings of the Board of Directors were held as under-

Sr. No. Date of Board Meetings Number of Directors on the Board No. of Directors present
01. 18.04.2016 3 3
02. 15.06.2016 3 3
03. 07.07.2016 3 3
04. 01.09.2016 3 3
05. 03.10.2016 3 3
06. 08.11.2016 3 3
07. 03.02.2017 3 3
08. 25.03.2017 3 3
09. 28.03.2017 3 3
 
15. DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(3)(c) of the Companies Act, 2013 in relation to the audited financial statements of the company for the year ended 31st March, 2017, the Board of Directors hereby makes the following statement - 
(A) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;
(B) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;
(C) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(D) The directors had prepared the annual accounts on a going concern basis; and
(E) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

16. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
Your Company does not have either Subsidiary, Joint Venture Company or Associate Company during the year under review.

17. DEPOSITS
The Company has neither accepted nor renewed any deposits during the year under review.

18. DIRECTORS
There was no director appointed or resigned during the year under review.

19. STATUTORY AUDITORS
M/s. RASESH SHAH and ASSOCIATES, Chartered Accountants; were appointed as a Statutory Auditors for a period of Five (5) consecutive years commencing from the conclusion of the 6th Annual General Meeting till the conclusion of 10th Annual General Meeting subject to ratification by the members at every Annual General Meeting. Necessary resolution for ratification of appointment of auditor for FY 2017-18 is set out in the notice of Annual General Meeting for seeking approval of the members.

20. COST AUDITORS
The Board of Directors has approved the appointment of M/s. Kannaujiya and Co., Cost Accountants, Surat, as the Cost Auditors of the company for the year 2017-2018 at a remuneration of Rs.25,000/- plus out of pocket expenses. The remuneration of the Cost Auditors is proposed to be ratified by the members at the ensuing Annual General Meeting.

The Cost Audit Report for the year ended on 31st March 2017 will be submitted by M/s. Kannaujiya and Co., Cost Accountants, Surat to the Board of Directors of the company. After consideration and examination by the Board of Directors, the company will furnish cost audit report to Central Government in prescribed form.

21. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM / WHISTLE BLOWER POLICY FOR THE DIRECTORS AND EMPLOYEES.
The provisions of Section 177(1) of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of the Board and its Powers) Rules, 2014 relating to Audit Committee is not applicable to the Company. In pursuance of the provisions of section 177(9) and (10) of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of the Board and its Powers) Rules, 2014, a Vigil Mechanism for directors and employees to report genuine concerns or grievances about unethical behavior, actual or suspected fraud or violation of the company's code of conduct or ethics policy has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company.

22. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THEREGULATORS OR COURTS:
There are no significant and material orders passed by the Regulators or Courts or tribunals which would impact the going concern status of the Company and its future operations.

23. DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has zero tolerance for sexual harassment at workplace and has adopted a policy against sexual harassment in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed there under.
During the financial year 2016-17, the company has not received any complaints on sexual harassment and hence no complaints remain pending as of 31 March, 2017.

24. ACKNOWLEDGEMENTS
Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the shareholders for their support and confidence reposed on your Company.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
SHAHLON SILK INDUSTRIES PRIVATE LIMITED

Date: 29.08.2017
Place: Surat
 DIPAN JAYANTILAL SHAH
Director
DIN - 00010494

  
SHAHLON SILK INDUSTRIES PRIVATE LIMITED  
ANNEXURE - A  
TO THE DIRECTORS' REPORT FOR THE YEAR ENDED 31.03.2017  
  
FORM NO. MGT 9  
EXTRACT OF ANNUAL RETURN  
as on financial year ended on 31.03.2017  
Pursuant to  Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management and Administration ) Rules,  2014.  
  
I REGISTRATION and OTHER DETAILS:   
i CIN U17120GJ2008PTC053464  
ii Registration Date 2nd April, 2008  
iii Name of the Company SHAHLON SILK INDUSTRIES PRIVATE LIMITED  
iv Category/Sub-category of the Company COMPANY LIMITED BY  SHARE CAPITAL  
v "Address of the Registered office
 and contact details" 91, G.I.D.C., KHATODARA, B/H.: SUB-JAIL, RING ROAD,     SURAT-395002, GUJARAT, INDIA.             E-mail id:info@shahlon.com            Telephone No.: 0261-4190200   
vi Whether listed company NO  
vii Name , Address and contact details of the Registrar  and Transfer Agent, if any. NOT APPLICABLE  
  
II PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY   
  
All the business activities contributing 10% or more of the total turnover of the company shall be stated  
Sr. No.  Main Activity Group Code NIC CODE "% to total
turnover of Company" 
1 Manufacturing of Synthetic Textile Yarn and Grey Fabrics 131 100% 
  
III PARTICULARS OF HOLDING , SUBSIDIARY and ASSOCIATE COMPANIES   
  
Sr. No.  Name and Address of the Company CIN/GLN "HOLDING/
SUBSIDIARY/
ASSOCIATE" "% OF
SHARES HELD" "APPLICABLE
SECTION" 
NIL  
  
   
IV  SHAREHOLDING PATTERN (Equity Share capital Break up as % to total Equity)  
   
Category of Shareholders No. of Shares held at the beginning of the year  No. of Shares held at the end of the year  % change during the year  
 Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares 
A. Promoters   
   
(1) Indian   
a) Individual/HUF 0 2,144,326 2144326 96.14 0 2,144,326 2144326 96.14 0 0.00 
"b) Central Govt.or
 State Govt." 0 0 0 0 0 0 0 0 0 0 
c) Bodies Corporates 0 5,624 5624 0.25 0 5,624 5624 0.25 0 0.00 
d) Bank/FI 0 0 0 0 0 0 0 0 0 0 
e) Any other 0 80,500 80500 3.61 0 80,500 80500 3.61 0 0.00 
 0  
SUB TOTAL:(A) (1) 0 2230450 2230450 100 0 2230450 2230450 100 0 0.00 
   
(2) Foreign   
a) NRI- Individuals 0 0 0 0 0 0 0 0 0 0 
b) Other Individuals 0 0 0 0 0 0 0 0 0 0 
c) Bodies Corp. 0 0 0 0 0 0 0 0 0 0 
d) Banks/FI 0 0 0 0 0 0 0 0 0 0 
e) Any other� 0 0 0 0 0 0 0 0 0 0 
   
SUB TOTAL (A) (2) 0 0 0 0 0 0 0 0 0 0 
   
"Total Shareholding of Promoter
(A)= (A)(1)+(A)(2)" 0 2230450 2230450 100.00 0 2230450 2230450 100.00 0 0.00 
   
B. PUBLIC SHAREHOLDING   
   
(1) Institutions   
a) Mutual Funds 0 0 0 0 0 0 0 0 0 0 
b) Banks/FI 0 0 0 0 0 0 0 0 0 0 
C) Cenntral govt 0 0 0 0 0 0 0 0 0 0 
d) State Govt. 0 0 0 0 0 0 0 0 0 0 
e) Venture Capital Fund 0 0 0 0 0 0 0 0 0 0 
f) Insurance Companies 0 0 0 0 0 0 0 0 0 0 
g) FIIS 0 0 0 0 0 0 0 0 0 0 
"h) Foreign Venture
 Capital Funds" 0 0 0 0 0 0 0 0 0 0 
i) Others (specify) 0 0 0 0 0 0 0 0 0 0 
   
SUB TOTAL (B)(1): 0 0 0 0 0 0 0 0 0 0 
   
(2) Non Institutions   
a) Bodies corporates   
i) Indian (NON-PROMOTER HOLDING OF BODY CORPORATE) 0 0 0 0.00 0 0 0 0.00 0 0 
ii) Overseas 0 0 0 0 0 0 0 0 0 0 
b) Individuals   
i) Individual shareholders holding  nominal share capital upto Rs.1 lakhs 0 0 0 0 0 0 0 0 0 0 
ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs 0 0 0 0 0 0 0 0 0 0 
c) Others (specify) 0 0 0 0 0 0 0 0 0 0 
   
SUB TOTAL (B)(2): 0 0 0 0.00 0 0 0 0.00 0 0 
   
"Total Public Shareholding
(B)= (B)(1)+(B)(2)" 0 0 0 0.00 0 0 0 0.00 0 0 
   
"C. Shares held by Custodian for
GDRs and ADRs" 0 0 0 0 0 0 0 0 0 0 
   
Grand Total (A+B+C) 0 2230450 2230450 100 0 2230450 2230450 100 0 0.00 
   
  
(ii) SHARE HOLDING OF PROMOTERS 
  
Sr. No. Shareholders Name "Shareholding at the
begginning of the year" "Shareholding at the
end of the year" % change in share holding during the year
  No.  of shares "% of total shares
 of the company" "% of shares pledged
 encumbered to total shares" No. of shares "% of total shares
 of the company" "% of shares pledged
 encumbered to total shares" 
1 JAYANTILAL R. SHAH 56,000 2.51 0 56,000 2.51 0 0.00
2 MAHENDRA R. SHAH 38,550 1.73 0 38,550 1.73 0 0.00
3 NITIN R. SHAH 51,040 2.29 0 51,040 2.29 0 0.00
4 DIPAN J. SHAH 47,700 2.14 0 47,700 2.14 0 0.00
5 AVANI A. SHAH 38,600 1.73 0 38,600 1.73 0 0.00
6 DHIRAJLAL R. SHAH 28,932 1.30 0 28,932 1.30 0 0.00
7 ARVIND R. SHAH 31,547 1.41 0 31,547 1.41 0 0.00
8 PRAVINCHANDRA RAYCHAND CHHEDA  76,500 3.43 0 76,500 3.43 0 0.00
9 RAICHAND K. SHAH HUF 64,850 2.91 0 64,850 2.91 0 0.00
10 JAYANTILAL R. SHAH HUF 55,050 2.47 0 55,050 2.47 0 0.00
11 PRAVIN R. SHAH HUF 52,500 2.35 0 52,500 2.35 0 0.00
12 DHIRAJLAL R. SHAH HUF 34,550 1.55 0 34,550 1.55 0 0.00
13 MAHENDRA R. SHAH HUF 58,050 2.60 0 58,050 2.60 0 0.00
14 ARVIND R. SHAH HUF 42,050 1.89 0 42,050 1.89 0 0.00
15 NITIN R. SHAH HUF 39,050 1.75 0 39,050 1.75 0 0.00
16 DIPAN J. SHAH HUF 27,050 1.21 0 27,050 1.21 0 0.00
17 JIVIBEN R. SHAH 52,550 2.36 0 52,550 2.36 0 0.00
18 DAMYANTI J. SHAH 2,100 0.09 0 2,100 0.09 0 0.00
19 KANCHAN D. SHAH 15,100 0.68 0 15,100 0.68 0 0.00
20 MEENA M. SHAH 10,050 0.45 0 10,050 0.45 0 0.00
21 MINAXI N. SHAH 7,100 0.32 0 7,100 0.32 0 0.00
22 SONAL D. SHAH 4,250 0.19 0 4,250 0.19 0 0.00
23 HARSH M. SHAH 1,025 0.05 0 1,025 0.05 0 0.00
24 DHIRAJ R. SHAH NOMINEE OF  LOTUS MARKETING 80,500 3.61 0 80,500 3.61 0 0.00
25 ARVIND RAICHAND SHAH    J/W. AVANI ARVIND SHAH 94,000 4.21 0 94,000 4.21 0 0.00
26 MAHENDRA RAICHAND SHAH    J/W. MEENA MAHENDRA SHAH 179,345 8.04 0 179,345 8.04 0 0.00
27 JAYANTILAL RAICHAND SHAH    J/W. DAMYANTI JAYANTILAL SHAH 176,950 7.93 0 176,950 7.93 0 0.00
28 NITIN RAICHAND SHAH     J/W. MINAXI NITIN SHAH 243,800 10.93 0 243,800 10.93 0 0.00
29 DIPAN JAYANTILAL SHAH    J/W. SONAL DIPAN SHAH 123,162 5.52 0 123,162 5.52 0 0.00
30 DHIRAJ RAICHAND SHAH     J/W. KANCHAN DHIRAJ SHAH 149,275 6.69 0 149,275 6.69 0 0.00
31 KANCHAN DHIRAJ SHAH       J/W DHIRAJ RAICHAND SHAH 13,050 0.59 0 13,050 0.59 0 0.00
32 HARSH MAHENDRA SHAH      J/W MAHENDRA RAICHAND SHAH 28,750 1.29 0 28,750 1.29 0 0.00
33 DAMYANTI JAYANTILAL SHAH      J/W JAYANTILAL RAICHAND SHAH 19,050 0.85 0 19,050 0.85 0 0.00
34 MEENA MAHENDRA SHAH     J/W MAHENDRA RAICHAND SHAH 23,650 1.06 0 23,650 1.06 0 0.00
35 AVANI ARVIND SHAH      J/W ARVIND RAICHAND SHAH 25,650 1.15 0 25,650 1.15 0 0.00
36 SONAL DIPAN SHAH       J/W DIPAN JAYANTILAL SHAH 22,075 0.99 0 22,075 0.99 0 0.00
37 DHRUV ARVIND SHAH      J/W ARVIND RAICHAND SHAH 35,125 1.57 0 35,125 1.57 0 0.00
38 GUINEA SECURITIES and FINANCIALS PVT. LTD. 2,312 0.10 0 2,312 0.10 0 0.00
39 JENIL DIPAN SHAH      J/W  DIPAN JAYANTILAL SHAH 425 0.02 0 425 0.02 0 0.00
40 RAVI MAHENDRA SHAH     J/W  MAHENDRA RAICHAND SHAH  19,925 0.89 0 19,925 0.89 0 0.00
41 SMITA BIREN SHAH  150 0.01 0 150 0.01 0 0.00
42 SURESH SOMCHAND SHAH 1,500 0.07 0 1,500 0.07 0 0.00
43 BIREN JAYNTILAL SHAH     J/W  SMITA BIREN SHAH 51,000 2.29 0 51,000 2.29 0 0.00
44 BIREN JAYNTILAL SHAH- HUF 42,000 1.88 0 42,000 1.88 0 0.00
45 MINAXI NITIN SHAH     J/W  NITIN RAICHAND SHAH 24,500 1.10 0 24,500 1.10 0 0.00
46 SMITA BIREN SHAH     J/W BIREN JAYNTILAL SHAH   36,750 1.65 0 36,750 1.65 0 0.00
47 SIDDHNATH TEXTURISERS P. LTD. 37 0.00 0 37 0.00 0 0.00
48 UDAY YARN TWISTERS PVT. LTD. 75 0.00 0 75 0.00 0 0.00
49 FAIRDEAL FILAMENTS LTD. 3,200 0.14 0 3,200 0.14 0 0.00
 Total 2,230,450 100 0 2,230,450 100 0 0
  
(iii) CHANGE IN PROMOTERS' SHAREHOLDING ( SPECIFY IF THERE IS NO CHANGE) (Financial Year 2016-17) 
  
Sl. No.  Share holding at the beginning of the Year  Date of change Increase/ (Decrease) in Shareholding Reason Cumulative Share holding during the year        (01-04-16 to 31-03-17) 
  No. of Shares % of total shares of the company  No of shares % of total shares of the company
1 JAYANTILAL R. SHAH 56,000 2.51 -  -    - 56,000 2.51
2 MAHENDRA R. SHAH 38,550 1.73 -  -    - 38,550 1.73
3 NITIN R. SHAH 51,040 2.29 -  -    - 51,040 2.29
4 DIPAN J. SHAH 47,700 2.14 -  -    - 47,700 2.14
5 AVANI A. SHAH 38,600 1.73 -  -    - 38,600 1.73
6 DHIRAJLAL R. SHAH 28,932 1.30 -  -    - 28,932 1.30
7 ARVIND R. SHAH 31,547 1.41 -  -    - 31,547 1.41
8 PRAVINCHANDRA RAYCHAND CHHEDA  76,500 3.43 -  -    - 76,500 3.43
9 RAICHAND K. SHAH HUF 64,850 2.91 -  -    - 64,850 2.91
10 JAYANTILAL R. SHAH HUF 55,050 2.47 -  -    - 55,050 2.47
11 PRAVIN R. SHAH HUF 52,500 2.35 -  -    - 52,500 2.35
12 DHIRAJLAL R. SHAH HUF 34,550 1.55 -  -    - 34,550 1.55
13 MAHENDRA R. SHAH HUF 58,050 2.60 -  -    - 58,050 2.60
14 ARVIND R. SHAH HUF 42,050 1.89 -  -    - 42,050 1.89
15 NITIN R. SHAH HUF 39,050 1.75 -  -    - 39,050 1.75
16 DIPAN J. SHAH HUF 27,050 1.21 -  -    - 27,050 1.21
17 JIVIBEN R. SHAH 52,550 2.36 -  -    - 52,550 2.36
18 DAMYANTI J. SHAH 2,100 0.09 -  -    - 2,100 0.09
19 KANCHAN D. SHAH 15,100 0.68 -  -    - 15,100 0.68
20 MEENA M. SHAH 10,050 0.45 -  -    - 10,050 0.45
21 MINAXI N. SHAH 7,100 0.32 -  -    - 7,100 0.32
22 SONAL D. SHAH 4,250 0.19 -  -    - 4,250 0.19
23 HARSH M. SHAH 1,025 0.05 -  -    - 1,025 0.05
24 DHIRAJ R. SHAH NOMINEE OF  LOTUS MARKETING 80,500 3.61 -  -    - 80,500 3.61
25 ARVIND RAICHAND SHAH    J/W. AVANI ARVIND SHAH 94,000 4.21 -  -    - 94,000 4.21
26 MAHENDRA RAICHAND SHAH    J/W. MEENA MAHENDRA SHAH 179,345 8.04 -  -    - 179,345 8.04
27 JAYANTILAL RAICHAND SHAH    J/W. DAMYANTI JAYANTILAL SHAH 176,950 7.93 -  -    - 176,950 7.93
28 NITIN RAICHAND SHAH     J/W. MINAXI NITIN SHAH 243,800 10.93 -  -    - 243,800 10.93
29 DIPAN JAYANTILAL SHAH    J/W. SONAL DIPAN SHAH 123,162 5.52 -  -    - 123,162 5.52
30 DHIRAJ RAICHAND SHAH     J/W. KANCHAN DHIRAJ SHAH 149,275 6.69 -  -    - 149,275 6.69
31 KANCHAN DHIRAJ SHAH       J/W DHIRAJ RAICHAND SHAH 13,050 0.59 -  -    - 13,050 0.59
32 HARSH MAHENDRA SHAH      J/W MAHENDRA RAICHAND SHAH 28,750 1.29 -  -    - 28,750 1.29
33 DAMYANTI JAYANTILAL SHAH      J/W JAYANTILAL RAICHAND SHAH 19,050 0.85 -  -    - 19,050 0.85
34 MEENA MAHENDRA SHAH     J/W MAHENDRA RAICHAND SHAH 23,650 1.06 -  -    - 23,650 1.06
35 AVANI ARVIND SHAH      J/W ARVIND RAICHAND SHAH 25,650 1.15 -  -    - 25,650 1.15
36 SONAL DIPAN SHAH       J/W DIPAN JAYANTILAL SHAH 22,075 0.99 -  -    - 22,075 0.99
37 DHRUV ARVIND SHAH      J/W ARVIND RAICHAND SHAH 35,125 1.57 -  -    - 35,125 1.57
38 GUINEA SECURITIES and FINANCIALS PVT. LTD. 2,312 0.10 -  -    - 2,312 0.10
39 JENIL DIPAN SHAH      J/W  DIPAN JAYANTILAL SHAH 425 0.02 -  -    - 425 0.02
40 RAVI MAHENDRA SHAH     J/W  MAHENDRA RAICHAND SHAH  19,925 0.89 -  -    - 19,925 0.89
41 SMITA BIREN SHAH  150 0.01 -  -    - 150 0.01
42 SURESH SOMCHAND SHAH 1,500 0.07 -  -    - 1,500 0.07
43 BIREN JAYNTILAL SHAH     J/W  SMITA BIREN SHAH 51,000 2.29 -  -    - 51,000 2.29
44 BIREN JAYNTILAL SHAH- HUF 42,000 1.88 -  -    - 42,000 1.88
45 MINAXI NITIN SHAH     J/W  NITIN RAICHAND SHAH 24,500 1.10 -  -    - 24,500 1.10
46 SMITA BIREN SHAH     J/W BIREN JAYNTILAL SHAH   36,750 1.65 -  -    - 36,750 1.65
47 SIDDHNATH TEXTURISERS P. LTD. 37 0.00 -  -    - 37 0.00
48 UDAY YARN TWISTERS PVT. LTD. 75 0.00 -  -    - 75 0.00
49 FAIRDEAL FILAMENTS LTD. 3,200 0.14 -  -    - 3,200 0.14
 Total 2,230,450 100.00  2,230,450 100.00
  
(iv) SHAREHOLDING PATTER OF TOP TEN SHAREHOLDERS (OTHER THAN DIRECTORS, PROMOTERS AND HOLDERS OF GDRs and ADRs) 
  
Sl. No. Name of Share-holder Share holding at the beginning of the Year  Date of change Increase/ Decrease in Shareholding Reason Cumulative Share holding during the year        (01-04-16 to 31-03-17) 
  No. of Shares % of total shares of the company  No of shares % of total shares of the company
NOT APPLICABLE  
  
(v) Shareholding of Directors and Key Managerial Personnel (Financial Year 2016-17) 
  
Sl. No. Name of Share-holder Share holding at the beginning of the Year  Date of change Increase/ Decrease in Shareholding Reason Cumulative Share holding during the year        (01-04-16 to 31-03-17) 
  No. of Shares % of total shares of the company  No of shares % of total shares of the company
1 JAYANTILAL R. SHAH 56,000 2.51 -  -    - 56,000 2.51
2 MAHENDRA R. SHAH 38,550 1.73 -  -    - 38,550 1.73
3 DIPAN J. SHAH 47,700 2.14 -  -    - 47,700 2.14
 
V INDEBTEDNESS  
  (Amount in Rs.) 
Indebtedness of the Company including interest outstanding/accrued but not due for payment 
Particulars "Secured Loans
 excluding deposits" "# Unsecured
Loans" Deposits (Exempted) "Total
Indebtedness" 
Indebtness at the beginning of the financial year 
i) Principal Amount  1,001,330,136   547,976,194  0  1,549,306,330  
ii) Interest due but not paid  2,016,119   -  0  2,016,119  
iii) Interest accrued but not due  -   -  0  -  
 
Total (i+ii+iii)  1,003,346,255   547,976,194  0  1,551,322,449  
 
Change in Indebtedness during the financial year 
Additions  39,510,813   21,964,806  0  61,475,619  
Reduction  83,919,000   -  0  83,919,000  
Net Change  (44,408,187)  21,964,806  0  (22,443,381) 
Indebtedness at the end of the financial year 
i) Principal Amount  958,938,068   569,941,000  0  1,528,879,068  
ii) Interest due but not paid  -   -  0  -  
iii) Interest accrued but not due  -   -  0  -  
 
Total (i+ii+iii)  958,938,068   569,941,000  0  1,528,879,068  
 
 
VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL  
 
A. Remuneration to Managing Director, Whole time director and/or Manager: (Financial Year 2016-17)  
 (Amount in Rs.)  
Sl.No Particulars of Remuneration  Name of the Director/MD/WTD/Manager Total Amount  
1 Gross salary JAYANTILAL RAICHAND SHAH DIPAN JAYANTILAL SHAH MAHENDRA RAICHAND SHAH 
 (a) Salary as per provisions contained in section 17(1) of the Income Tax. 1961.  2,970,000   2,970,000   2,970,000   8,910,000   
 (b) Value of perquisites u/s 17(2) of the Income tax Act, 1961  1,335,000   1,335,000   1,335,000   4,005,000   
 (c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961  1,095,000   1,095,000   1,095,000   3,285,000   
2 Stock option   -   
3 Sweat Equity   -   
4 Commission   -   
 - as % of profit   -   
 - others, specify   -   
5 Others, please specify  
 Total (A)  5,400,000   5,400,000   5,400,000   16,200,000   
 Ceiling as per the Act Not Applicable being a Private Company (Section 197 of the Companies Act, 2013) 
 
B. Remuneration to other directors: (Financial Year 2016-17)  
 
Sr. No Particulars of Remuneration Name of the Directors Total Amount  Rs.   
1 Independent Directors  NOT APPLICABLE  
 (a) Fee for attending board committee meetings  
 (b) Commission  
 (c ) Others, please specify  
 Total (1)  
2 Other Non Executive Directors  
 "(a) Fee for attending
board committee meetings"  
 (b) Commission  
 (c ) Others, please specify.  
 Total (2)  
 Total (B)=(1+2)  
 Total Managerial Remuneration  
 Overall Cieling as per the Act. Not Applicable being a Private Company (Section 197 of the Companies Act, 2013) 
 
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD (Financial Year 2016-17)  
 
Sl. No. Particulars of Remuneration Key Managerial Personnel Total  
1 Gross Salary CEO "Company
Secretary" CFO 
 (a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961. NOT APPLICABLE 
 (b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961  
 (c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961  
2 Stock Option  
3 Sweat Equity  
4 Commission  
 - as % of profit  
 - others, specify  
5 Others, please specify  
 
 Total  
 
VII PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES (Financial Year 2016-17)  
 
 Type Section of the Companies Act Brief Description Details of Penalty/ Punishment/ Compounding fees imposed Authority (RD/NCLT/Court) Appeall made if any (give details) 
 
 A.  COMPANY  
 
 Penalty - - - - - 
 Punishment - NIL - 
 Compounding - - - - - 
 
 B. DIRECTORS  
 
 Penalty - - - - - 
 Punishment - NIL - 
 Compounding - - - - - 
 
 C. OTHER OFFICERS IN DEFAULT  
    
 Penalty - - - - - 
 Punishment - NIL - 
 Compounding - - - - - 
 
 For and on behalf of Board of Directors  
 SHAHLON SILK INDUSTRIES PRIVATE LIMITED  
 
 
 
 Sd/-  
 DIPAN JAYANTILAL SHAH  
 Director  
 DIN - 00010494  
 
 
 29.08.2017  
 Place: Surat