File_2012_Document1

68 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsNoticeAnnual Report 2011-1269FOR AtteNTION OF SHAREHOLDERS1. Register of members and share transfer books of theCompany will remain closed from 12th September, 2012to 14th September, 2012 (both days inclusive) and thedividend, if declared by the members, shall be paid to thosemembers whose names, in case of shares held in electronicform (Demat Form), appear as beneficial owners, as at closeof business hours on 11th September, 2012 and for sharesheld in physical form appear in the Register of members on14th September, 2012 after giving effect to all valid transfersin physical form lodged with the Company and Registrarand Transfer Agent on or before 11th September, 2012. Thedividend on equity shares, if declared at the meeting, willbe credited/ distributed between 27th September, 2012 and15th October, 2012.2. The Ministry of Corporate Affairs, Government of India, videits General Circular No. 2/2011 dated 8th February, 2011, hasgiven general exemption to the companies from attaching theBalance Sheet and other documents of subsidiary companiesas required under Section 212(1) of the Companies Act,1956, with Annual Accounts of the Company if the Boardof Directors so decides. The Board of Directors has, in itsmeeting held on 27th April, 2012, decided not to attachthe Balance Sheet and other documents of the subsidiarycompanies with the Annual Accounts of the Company. Pleasenote that the following information has been disclosed, at anappropriate place, in this report in respect of each subsidiarycompany.(i) Capital (ii) Reserves (iii) Total Assets (iv) Total Liabilities(v) Details of Investments (except in case of investments inthe subsidiaries) (vi) Turnover (vii) Profit Before Taxation (viii)Provision for Taxation (ix) Profit after Taxation (x) ProposedDividendThe Company undertakes that Annual Accounts of theSubsidiaries namely:-1. Jindal Power Limited, 2. Jindal Synfuels Limited, 3. UrtanNorth Mining Company Limited, 4. Jindal Power TradingCompany Limited, 5. Jindal Hydro Power Limited, 6. JindalPower Transmission Limited, 7. Jindal Power DistributionLimited, 8. Attunli Hydro Elecric Power Company Limited,9. Etalin Hydro Electric Power Company Limited,10. Kamala Hydro Electric Power Company Limited (formerlyknown as Subansiri Hydro Electric Power Company Limited),11. Jindal Steel & Power Mauritius Limited, 12. JindalSteel Bolivia S.A. 13. Jindal Steel and Power (Australia) PtyLimited, 14. Shadeed Iron & Steel LLC, 15. Jindal TanzaniaLimited, 16. Rolling Hills Resources LLC, 17. Jindal Power LLC,18. Jindal Mining Industries LLC, 19. Jindal Madagascar SARL,20. Osho Madagascar SARL, 21. Worth Overseas Limited,22. Vision Overseas Limited, 23. Skyhigh Overseas Limited,24. Jubilant Overseas Limited, 25. Jindal Mining & ExplorationLimited, 26. Jindal Investment Holding Limited, 27. HarmonyOverseas Limited, 28. JSPL Mozambique Minerals LDA,29. Jindal Investimentos LDA, 30. Jindal Zambia Limited, 31.Jin Africa Limited, 32. Jindal Africa Investments (Pty) Limited,33. PT Jindal Overseas, 34. Enduring Overseas Limited,35. Trans Atlantic Trading Limited, 36. Jindal Steel &Minerals Zimbabwe Limited, 37. Jindal Brasil Mineracao SA,38. Belde Empreendimentos Mineiros LDA, 39. Jindal MiningSA (Pty) Limited, 40. Eastern Solid Fuels (Pty) Limited and41. Gas To Liquid International S.A., will be made availableto the investors of these subsidiaries and the Companyas and when they demand. The Annual Accounts of theseSubsidiary Companies will also be kept, for inspection by anyinvestor, at registered office of the Company as well as thesesubsidiaries.3. Members desiring any information / clarification on theaccounts are requested to write to the Company at leastseven days in advance so as to enable the management tokeep information ready at the Annual General Meeting.4. Members are requested to note that Alankit AssignmentsLimited, Alankit House, 2E/21, Jhandewalan Extn., NewDelhi-110055, is the Registrar and Transfer Agent to lookafter the work related to shares held in physical anddematerialised form.5. Members are requested to immediately notify to theRegistrar and Transfer Agent any change in their addressin respect of shares held in physical form and to theirDepository Participants (DPs) in respect of shares held in thedematerialised form.6. Pursuant to Clause 5A of the listing agreement, intimationwas sent to shareholders, followed by three reminders attheir registered address in respect of Shares lying un-claimedwith the Company. The Company is in the process of openingof Demat Suspense account and transferring all un-claimedshares to such account. As and when such shareholder(s)approach the Company, the Company will credit his/theirshares lying in Demat Suspense account to his/ their demataccount(s) or issue share certificate, as the case may be, afterproper verification. In case you have not claimed such ShareCertificates please write to the Company at 28, Najafgarh Road,New Delhi-110015, 011-45021814-822, fax 011-45021828,e-mail: investorcare@jindalsteel.com.7. The Cost Auditors of the Company, M/s Ramanath Iyerand Co., (FRN 00019) BL-4, Shalimar Bagh (Paschmi),Delhi-110058 have filed the Cost Audit Report for financialyear 2010-11 on 26th September, 2011 (for Raigarh andRaipur Units) and on 28th September, 2011 (for PatratuUnit); the due date of which was 27th September, 2011.The Board of Directors have appointed M/s Ramanath Iyerand Co. (FRN 00019) as Cost Auditor for auditing the CostAccounting Records in respect of production of steel, cementand generation, distribution and transmission of electricityfor the financial year 2012-13. The Cost Audit Report forthe financial year 2011-12 is due to be filed on or before31st December, 2012 or any other date as may be extendedby Cost Audit Department, Ministry of Corporate Affairs,New Delhi and will be filed in due course.8. The Ministry of Corporate Affairs (“MCA”) has taken a “GreenInitiative in the Corporate Governance” by allowing paperlesscompliances by companies and has to this effect issuedcircular number 17/2011 on 21st April, 2011 and 18/2011 on29th April, 2011. The Company is sending the Annual Reportincluding the Notice of Annual General Meeting, auditedfinancial statements, Director’s Report, Auditor’s Reportalong with their annexures etc. for the financial year 2011-12 in the electronic mode to the shareholders who haveregistered their e-mail id with the Company and / or theirrespective Depository Participants (DPs). The documentsbeing served in electronic form will also be available onour corporate website www.jindalsteelpower.com. In caseyou desire to receive the documents mentioned above inphysical form, you are requested to intimate the Company at28, Najafgarh Road, New Delhi-110015, 011-45021814-822,fax - 011-45021828, e-mail - investorcare@jindalsteel.com.Shareholders holding shares in physical mode are requestedto kindly register their e-mail id with the Company andshareholders holding shares in electronic mode arerequested to update their e-mail ids with their respectiveDPs for purpose of sending documents and correspondencein electronic mode.9. Please bring a copy of Annual Report and duly filled inattendance slip for attending the Annual General Meeting.10. UNCLAIMED / UNPAID DIVIDENDIn terms of Section 205C of the Companies Act, 1956, the Central Government has established “Investor Education and ProtectionFund” (IEPF) and any amount of dividend / fixed deposit etc. remaining unclaimed / unpaid for a period of seven years from thedate it becomes due for the payment should be transferred to this Fund. Following table gives information relating to un-paiddividend accounts and last dates for claim.S. No. Year Description Date of Declaration Last Date of Claiming Dividend1. 2005-06 Interim Dividend @ 100% 31st October, 2005 30th October, 20122. 2005-06 Dividend @ 200% 27th September, 2006 26th September, 20133. 2006-07 Interim Dividend @ 120% 29th January, 2007 28th January, 20144. 2006-07 Dividend @ 240% 28th September, 2007 27th September, 20145. 2007-08 Interim Dividend @ 150% 18th February, 2008 17th February, 20156. 2007-08 Dividend @ 250% 26th September, 2008 25th September, 20157. 2008-09 Dividend@ 550% 29th September, 2009 28th September, 20168. 2009-10 Dividend@ 125% 28th September, 2010 27th September, 20179. 2010-11 Dividend@150% 29th September, 2011 28th September, 2018Those who have not received/ encashed their dividend warrants with respect to above dividends may please correspond with theCompany for claiming the unclaimed amount.“NO GIFT TO BE DISTRIBUTED IN THE ANNUAL GENERAL MEETING”