TAJGVK Hotels & Resorts : Annual Return MGT-9 2022-23

Annexure-6

FORM NO.MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on March 31, 2023

[Pursuant to section 92(3) of the Companies Act, 2013 and

Rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I). REGISTRATION AND OTHER DETAILS:

i.	CIN	L40109TG1995PLC019349
ii.	Registration Date	2nd February, 1995
iii.	Name of the Company	TAJ GVK Hotels & Resorts Limited
iv.	Category / Sub-Category of the Company	Company Limited by Shares / Public Company
v.	Address of the Registered office and	Taj Krishna, Road No.1, Banjara Hills, Hyderabad - 500 034,
	contact details	Telangana
		Ph No.040-66662323, Fax No.040-66625364
		Email: [e-mail]
		Website: www.tajgvk.in
vi.	Whether listed company	Yes
		Bombay Stock Exchange Limited (BSE)
		National Stock Exchange of India Limited (NSE)
vii.	Name, Address and Contact details of	Venture Capital and Corporate Investments Pvt Ltd
	Registrar and Transfer Agent, if any	"AURUM", Plot No.57, 4th & 5th Floors, Jayabheri Enclave Phase-II,
		Gachibowli, Hyderabad - 500 032. Telangana
		Ph.No.: 040-23818475,040-35164940 Email id: [e-mail]

II). PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

All the business activities contributing 10% or more of the total turnover (Consolidated) of the Company shall be stated :

S.	Name and Description of main	NIC Code of the	% to total turnover of
No.	products / services	Product/ service	the company
1	Rooms	55101	46.77%
2	Restaurants & Bars (F&B)	56301	18.17%
3	Banquets & other income	56210	25.45%
4	Other Income	56210	9.61%

III). PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

S.	Name and Address of the	CIN/GLN	Holding /	% of	Applicable Section
No.	Company & PIN		Subsidiary /	Shares	of Companies Act,
			Associate	held	2013
1	M/s. Green Woods Palaces	U61660TG2001PTC036666	Subsidiary	48.99%	2(6)
	and Resorts Pvt Ltd		(JV Company)
	'Paigah House', 156-159,
	Sardar Patel Road,
	Secunderabad - 500 003

48 l TAJ GVK Hotels & Resorts Limited

IV) Shareholding Pattern (Equity Share Capital Breakup as percentage of Total equity)

i) Category-wise Share Holding

S.	Category of Shareholders	No. of shares held at the beginning of the year	No. of shares held at the end of the year	% Change
No.										during
	Demat	Physical	Total	% of	Demat	Physical	Total	% of
		the year
					Shares				Shares
A. Promoter & Promoter Group

1. Indian

a)	Individual/ HUF	31017806	-	31017806	49.47	31017806	-	31017806	49.47	-
b)	Central Government	-	-	-	-	-	-	-	-	-
c)	State Government(s)	-	-	-	-	-	-	-	-	-
d)	Bodies Corporate (part of	16000400	-	16000400	25.52	16000400	-	16000400	25.52	-
	Promoter Group)
e)	Banks / FI	-	-	-	-	-	-	-	-	-
f)	Any Other	-	-	-	-	-	-	-	-	-
	Sub-Total(A)(1)	47018206	-	47018206	74.99	47018206	-	47018206	74.99	-

1. Foreign

a)	NRIs-Individuals	-	-	-	-	-	-	-	-	-
b)	Other-Individuals	-	-	-	-	-	-	-	-	-
c)	Bodies Corporate	-	-	-	-	-	-	-	-	-
d)	Banks / FI	-	-	-	-	-	-	-	-	-
e)	Any Other	-	-	-	-	-	-	-	-	-
	Sub-Total(A)(2)	-	-	-	-	-	-	-	-	-
	Total Shareholding of	47018206	-	47018206	74.99	47018206	-	47018206	74.99	-
	Promoter (A)=(A)(1)+(A)(2)
B.	Public Shareholding

1. Institutions

a)	Mutual	Funds/Alternate	1110608	80	1110688	1.77	2572297	80	2572377	4.10	(2.33)
	investment Funds
b)	Banks / FI		471932	585	472517	0.75	16034	585	16619	0.03	0.72
c)	Central Government	-	-	-	-	-	-	-	-	-
d)	State Government(s)	-	-	-	-	-	-	-	-	-
e)	Venture Capital Funds	-	-	-	-	-	-	-	-	-
f)	Insurance Companies	-	-	-	-	75000	-	75000	0.12	0.12
g)	FIIs (Foreign Portfolio Investors)	-	-	-	-	209672	-	209672	0.33	0.33
h)	Foreign Venture Capital Funds	-	-	-	-	-	-	-	-	-
i)	Others (Foreign Nation)	-	-	-	-	-	-	-	-	-
	Sub-Total (B)(1)	1582540	665	1583205	2.52	2873003	665	2873668	4.58	(2.06)

2. Non Institutions

a)	Bodies Corp	2443858	8930	2452788	3.91	2524974		8930	2533904	4.04	(0.13)
(i)	Indian	-	-	-	-	-		-	-	-	-
(ii)	Overseas (OCB)	-	-	-	-	-		-	-	-	-
b)	Individuals					-	-	-		-	-
(i)	Individual shareholders	9372885	422566	9795451	15.62	8185366		388666	8574032	13.67	1.95
	holding nominal share capital
	upto Rs. 1 lakh
(ii)	Individual shareholders holding	455155	-	455155		653950		-	653950	1.04	0.40
	nominal share capital in excess				0.73
	of Rs. 1 lakh
c)	Others(Specify)		-	-	-	-		-	-	-	-
(i)	HUF	-	-	-	-	-		-	-	-	-
(ii)	Non Resident Individuals	359108	-	359108	0.57	302867		-	302867	0.48	0.09
(iii)	Trusts	191	-	191	-	431		-	431	-	-
(iv)	Clearing Members	308882	-	308882	0.49	17553		-	17553	0.03	0.46
(v)	IEPF Authority	728509	-	728509	1.16	726884		-	726884	1.16	-
	Sub-Total (B)(2)	13668588	431496	14100084	22.49	12412025		397596	12809621	20.43	2.06
	Total Public shareholding	15251128	432161	15683289	25.01	15285028		398261	15683289	25.01	-
	(B)=(B)(1)+ (B)(2)
C.	Shares held by custodian for	-	-	-	-	-		-	-	-	-
	GDR&ADRs
	Grand Total (A+B+C)	62269334	432161	62701495	100.00	62303234		398261	62701495	100.00	-

Annual Report - 2022-23l 49

ii) Shareholding of Promoters & Promoters Group
S.	No. of Shares	No. of Shares held at the	No. of Shares held at the end of the	% change
No		beginning of the year		year		in share
		No. of	% of total	%of Shares	No. of	% of total	%of Shares	holding
		Shares	Shares	Pledged /	Shares	Shares	Pledged /	during
			of the	encumbered to		of the	encumbered	the year
			Company	total shares		Company	to total shares
1.	Mrs. G Indira Krishna Reddy	7568947	12.07	-	31012806	49.46	-	37.39
2.	Mrs. Shalini Bhupal	23448859	37.40	-	5000	0.01	-	(37.39)
3.	Dr. GVK Reddy	-	-	-	-	-	-
4.	Mr. Krishna R Bhupal	-	-	-	-	-	-
5.	The Indian Hotels Company	16000400	25.52	-	16000400	25.52	-	-
	Limited (part of Promoters Group)
	Total	47018206	74.99	-	47018206	74.99	-	-

iii) Change in Promoter's Shareholding (please specify, if there is no change)

S.	Shareholders Name	Shareholding at the beginning	Cumulative Shareholding at
No.		of the year	the end of the year
		No. of shares	% of total	No. of shares	% of total
			shares of the		shares of the
			company		company
	Mrs. G Indira Krishna Reddy
	At the beginning of the year	7568947	12.07
	Increase in Shareholding during the year
	16.11.2022 (Transfer)	23443859	37.39	31012806	49.46
	At the end of the year			31012806	49.46
	Mrs. Shalini Bhupal
	At the beginning of the year	23448859	12.07
	Decrease in Shareholding during the year
	16.11.2022 (Transfer)	(23443859)	(37.39)	5000	0.01
	At the end of the year			5000	0.01

iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs)

S.	Shareholder's Name	Shareholding at the	Increase / decrease in	Cumulative shareholding
No.		beginning of the year	shareholding during the year	at the end of the year
		No. of	% of total	No. of shares	No. of	% of total
		Shares	Shares of the		Shares	Shares of the
			Company			Company
1	Damani Estate and Finance Pvt	1491299	2.38	-	1491299	2.38
	Ltd
2	Vaibhav Doshi	300066	0.48	66	300000	0.48
3	Bright Star Investments Pvt Ltd	174506	0.28	-	174506	0.28
4	ITI Small Cap Fund	171731	0.27	413225	584956	0.93
5	BNS Asia Limited	161313	0.26	136478	24835	0.04
6	Gaurav Doshi	155089	0.25	(41399)	196488	0.31
7	ICICI Securities Limited	151913	0.24	148340	3573	0.01
8	A Tenzing	92137	1.15	46054	46083	0.07
9	Indus Cosmeceuticals Pvt Ltd	-	-	-	109118	0.17
10	Quant Mutual Fund - Quant	-	-	-	828694	1.32
	Small Cap Fund

50 l TAJ GVK Hotels & Resorts Limited

v) Shareholding of Directors and Key Managerial Personnel (KMP)

S.	Name of the Director / KMP	Shareholding at the	Increase / decrease	Cumulative shareholding
No.		beginning of the year	in shareholding	at the end of the year
				during the year
		No. of	% of total	No. of shares	No. of	% of total
		Shares	Shares of the		Shares	Shares of the
			Company			Company
1.	Dr. GVK Reddy	-	-	-	-	-
2.	Mrs. G Indira Krishna Reddy	7568947	12.07	23443859	31012806	49.46
3.	Mrs. Shalini Bhupal	23448859	37.40	(23443859)	5000	0.01
4.	Mr. Krishna R Bhupal	-	-	-	-	-
5.	Mr. Anoop Vrajlal Mehta $	-	-	-	-	-
6.	Mr. Ashish Seth**	-	-	-	-	-
7.	Mr. Prabhat Verma**	-	-	-	-	-
8.	Mr. M B N Rao	-	-	-	-	-
9.	Mr. A Rajasekhar	-	-	-	-	-
10.	Mr. D R Kaarthikeyan	-	-	-	-	-
11.	Mr. N Sandeep Reddy	-	-	-	-	-
12.	Mr. N Anil Kumar Reddy	-	-	-	-	-
13.	Mr. L V Subrahmanyam $	-	-	-	-	-
14.	Mrs. Dinaz Noria	-	-	-	-	-
15.	Mr. Puneet Chhatwal *	-	-	-	-	-
16.	Mr. Rajeshkumar H Parekh*	-	-	-	-	-
	KMP	-	-	-	-	-
1.	Mr. J Srinivasa Murthy	-	-	-	-	-

Note: 1) $ Mr. Anoop Vrajlal Mehta and Mr. L V Subrahmanyam appointed as Directors w.e.f 03.08.2022

1. 1. * Mr. Puneet Chhatwal and Mr. Rajeshkumar H Parekh resigned on 02.02.2023 and 30.06.2022 respectively.
   2. ** Mr. Ashish Seth and Mr. Prabhat Verma appointed as Additional Directors w.e.f. 08.11.2022 and 31.03.2023 respectively.
2. INDEBTEDNESS

Indebtedness of the Company including interest outstanding / accrued but not due for payment	(Rs. In lakhs)
	Particulars	Secured Loans	Unsecured	Deposits	Total
		Excluding	Loans		indebtedness
		deposits
Indebtedness at the beginning of the financial year
i)	Principal Amount	17019.27	-	-	17019.27
ii)	Interest due but not paid	-	-	-	-
iii) Interest accrued but not due	-	-	-	-
Total (i+ii+iii)	17019.27	-	-	17019.27
Change in Indebtedness during the financial year
Addition	-	-	-	-
Reduction	7047.20	-	-	7047.20
Net change	(7047.20)	-	-	(7047.20)
Indebtedness at the end of the financial year
i)	Principal Amount	9972.07	-	-	9972.07
ii)	Interest due but not paid	-	-	-	-
iii) Interest accrued but not due	-	-	-	-
Total (i+ii+iii)	9972.07	-	-	9972.07

Annual Report - 2022-23l 51

VI) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director and Joint Managing Director			(Rs. In lakhs)
S.	Particulars of Remuneration	Mrs. G Indira	Mrs. Shalini	Total
No		Krishna Reddy	Bhupal	Amount
		Managing	Joint Managing
		Director	Director

1. Gross Salary

	a) Salary as per provisions contained in section 17(1) of the Income	378.58	325.30		703.88
	Tax Act, 1961
	b) Bonus						10.00	68.00		78.00
	c) Value of perquisites u/s 17(2) of Income Tax Act, 1961		-	2.41		2.41
	d) Profits in lieu of salary under section 17(3) of Income Tax Act,		-	-		-
	1961
2.	Stock Option							-	-		-
3.	Sweat Equity							-	-		-
4.	Commission as % of profit					110.16	110.16		220.32
5. Others (contribution to PF & Superannuation fund)			51.62	44.68		96.30
	Total (A)						550.36	550.55	1100.91
	Ceiling as per Schedule V of the Companies Act, 2013 (10% of	550.83	550.83	1101.66
	profits)
B. Remuneration to other Directors								(Rs. in lakhs)
S.	Particulars of		Mr. D R	Mr. M B N	Mr. A	Mr. N Anil		Mr. N	Mr. L V		Mrs. Dinaz		Total
No	Remuneration		Kaarthikey-	Rao	Rajasekhar	Kumar		Sandeep	Subrahman-		Noria		Amount
			an			Reddy		Reddy	yam
1.	Independent		3.00	3.80	3.95	4.30		4.30	2.75			2.40		24.50
	Directors
	(ID) Fee for
	attending
	Board /
	Committee
	meetings
	Commission*		10.00	10.00	10.00	10.00		10.00	6.50		10.00		66.50
	Others, Please		-	-	-	-		-	-			-		-
	Specify
	Total (1)		13.00	13.80	13.95	14.30		14.30	9.25			12.40		91.00
2.	Other Non-		Dr. GVK	Mr.	Mr. Anoop	Mr. Ashish		Mr.
	Executive		Reddy	Krishna R	Vrajlal	Seth		Prabhat
	Directors			Bhupal	Mehta			Verma
	Fee for		2.50	2.30	1.75	-		-	-			-		6.55
	attending
	Board /
	Committee
	meetings
	Commission		-	-	-	-		-	-			-		-
	Others, Please		-	-	-	-		-	-			-		-
	Specify
	Total (2)		2.50	2.30	1.75	-		-	-			-		6.55
	Total (B)=(1+2)													97.55
	Total Managerial Remuneration (Rs in lakhs) (A+B)									1198.46
	Ceiling as per Schedule V of the Companies Act, 2013 (11% of profits)							1211.82

Note: 1) * Commission will be paid in the FY 2023-24 after the approval of the members at the ensuing AGM.

52 l TAJ GVK Hotels & Resorts Limited