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1.
Company's Philosophy On Code Of
Governance |
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Effective
Corporate Governance is necessary
to maintain public trust and
to achieve business success.
Blue Star Infotech Limited's
formal governance policies describe
management guidelines including
requirements that a majority
of our board members be independent,
as well as outlining the various
board committees, their responsibilities
and membership requirements.
We are also committed to rigorously
and diligently exercising our
oversight responsibilities throughout
the Company, managing our affairs
in a manner consistent with
the highest principles of business
ethics, and exceeding the Corporate
Governance requirements. Good
governance is about doing the
right things in the right way
for Blue Star Infotech Limited
and its stakeholders. This has
always been our priority. |
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2.
Board Of Directors |
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a.
Composition of the Board of
Directors |
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The
Board of Directors of the Company
represent an optimum combination
of Executive and Non-Executive
Directors for its independent
functioning. The Board comprises
of six Directors, of which one
is the Managing Director and
five Non-Executive Directors.
Since the Chairman of the Board
is also the Managing Director,
half of the Board is composed
of Independent Directors as
defined in Clause 49 of the
Listing Agreement with the stock
exchanges. |
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b.
Board Meetings |
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During
the financial year 2008-2009,
five Board Meetings were held
on May 07, 2008; July 31, 2008;
August 27, 2008; October 30,
2008 and January 19, 2009. The
Company held its last Annual
General Meeting on July 31,
2008.
Details of Directors and other
particulars are given below: |
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Name |
Category |
Category |
Suneel
M Advani |
Promoter-Executive
Director |
Chairman
& Managing Director |
Ashok
M Advani |
Promoter-Non
Executive Director |
Vice
Chairman |
Sanjay
N Vaswani * |
Promoter-Non
Executive Director |
Director |
Suresh
N Talwar |
Independent
Director |
Director |
Dr.
Prakash G Hebalkar |
Independent
Director |
Director |
Naresh
K Malhotra |
Independent
Director |
Director |
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*Mr.
Sanjay N Vaswani is a resident
of USA. |
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Details
of Directors' attendance and other
particulars are given below:
Five Board meetings were
held during the financial year
2008-09. |
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Director |
Number
of Board Meetings attended |
Last
AGM Attendance
(Yes/No) |
Number
of Directorships on the
Board of other Public
Companies
|
Number
of Committee positions in
all Public Companies |
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|
Chairman |
Member |
Suneel
M Advani |
5 |
Yes |
1 |
- |
2* |
Ashok
M Advani |
5 |
Yes |
2 |
1* |
2 |
Sanjay
N Vaswani |
2 |
Yes |
- |
- |
- |
Suresh
N Talwar |
5 |
Yes |
13 |
4 |
6* |
Dr.
Prakash G Hebalkar |
5 |
Yes |
1 |
- |
3 |
Naresh
K Malhotra |
4 |
No |
4 |
1* |
- |
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*
Includes Committees of the Company
in which he holds the position
of a Chairman and/or Membership
in Committees of the Company. |
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Leave of
Absence was granted to the
Directors who could not
attend meetings. |
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Alternate Directorships,
Directorships in private
companies, foreign companies,
companies under section
25 of the Companies Act,
1956 and Memberships in
governing councils, chambers
and other bodies are excluded.
Memberships in public
companies, listed and
unlisted, alone have been
considered. |
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None of the
Directors hold Directorships
in more than 15 companies. |
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None of the Directors
is a member of more than
10 Committees, or is Chairman
of more than five committees
across all companies in
which he is acting as
a Director. For the purpose
of reckoning the aforesaid
limit, Chairmanships /
Memberships of the Audit
Committee and the Shareholders'
Grievance Committee alone
are considered. |
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3.
Audit Committee |
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The
Company has a qualified and
independent Audit Committee
consisting of three Non-Executive
Independent Directors, having
adequate financial and accounting
knowledge. The scope of the
activities of the Audit Committee
is as set out in Clause 49 of
the Listing Agreements with
the stock exchanges in India
read with Section 292A of the
Companies Act, 1956.
Terms of Reference
The Audit Committee
has inter-alia the following
mandate
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Review of the Company's
financial reporting process
and the disclosure of
its financial information
to ensure that the financial
statements reflect a true
and fair position and
that sufficient and credible
information is disclosed. |
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Recommending the appointment
and removal of external
auditors, fixation of
audit fee and also approval
for payment for any other
services. |
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Reviewing
the financial statements
and draft audit report,
including quarterly / half
yearly financial information. |
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Reviewing
with management, the annual
financial statements before
submission to the Board. |
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Reviewing
the Company's financial
and risk management policies. |
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Reviewing
with the management, external
and internal auditors, the
adequacy of internal control
systems. |
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Reviewing statement of
significant related party
transactions, management
letter / letters of internal
control weakness and appointment,
removal and terms of remuneration
of the Internal Auditor. |
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Composition
The constitution, powers,
duties and responsibilities
of the Audit Committee are in
line with Clause 49 of the Listing
Agreements with the stock exchanges
in India.
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Naresh
K Malhotra |
Chairman |
Suresh
N Talwar |
Member |
Dr.
Prakash G Hebalkar |
Member |
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Secretary |
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V
Sudarshan |
Company
Secretary |
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Meetings
and attendance during the year
During the financial
year, Audit Committee Meetings
were held on May 07, 2008; July
31, 2008; October 30, 2008 and
January 19, 2009.The necessary
quorum was present at the meetings.
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Members |
Meetings
Held |
Meetings
Attended |
Naresh
K Malhotra |
4 |
3 |
Suresh
N Talwar |
4 |
4 |
Dr.
Prakash G Hebalkar |
4 |
4 |
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The
Audit Committee Chairman, Mr.
Naresh Malhotra was not present
at the Annual General Meeting
of the Company held on July
31, 2008. |
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4.
Remuneration Committee |
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A
separate Remuneration Committee
has been constituted with effect
from October 30, 2008 in accordance
with the Company's philosophy
of voluntary transparency in
operations. This is a non-mandatory
requirement of Clause 49 of
the Listing Agreement.
Terms of Reference
The Committee shall have terms
of reference as may be decided
by the Board from time to
time and shall look into aspects
relating to remuneration of
the Managing Director, Whole
time and Executive Directors.
Composition
Only Independent Directors
are part of the Remuneration
Committee.
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Dr.
Prakash G Hebalkar |
Chairman |
Suresh
N Talwar |
Member |
Naresh
K Malhotra |
Member |
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Secretary |
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V
Sudarshan |
Company
Secretary |
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Meetings
and Attendance during the year
During the financial year, the
Remuneration Committee met on
October 30, 2008. The necessary
quorum was present for the meeting.
|
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Members |
Meetings
Held |
Meetings
Attended |
Dr.
Prakash G Hebalkar |
1 |
1 |
Suresh
N Talwar |
1 |
1 |
Naresh
K Malhotra |
1 |
0 |
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5.
Remuneration To Directors |
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The
remuneration of the Non-Executive
Directors is recommended by
the Board of Directors and approved
by the shareholders. Non-Executive
Directors are paid commission,
based on the net profit of the
Company, partly by way of a
fixed amount and partly based
on the number of Board and Audit/Remuneration
Committee meetings attended
by them. They are paid sitting
fees of Rs. 20,000 each, for
each Board, Audit and Remuneration
Committee meeting attended by
them. Pursuant to the decision
of the Board, sitting fees for
meetings of Directors were revised
from Rs. 5,000 per meeting per
Director to Rs. 20,000 per meeting
per Director effective May 07,
2008.
The Managing Director is also
an Executive Director / Managing
Director in Blue Star Limited.
Till October 31, 2008 the Managing
Director, in accordance with
his terms of re-appointment
as approved by the shareholders
at the Annual General Meeting
held on July 31, 2008, was not
being paid remuneration directly
by the Company. He received
remuneration from Blue Star
Limited in accordance with the
terms of the agreement between
him and Blue Star Limited, of
which the Company reimbursed
Blue Star Limited its share
on a pro-rata basis as decided
by the Board of Directors.
The Board constituted the Remuneration
Committee on October 30, 2008
to consider matters relating
to the remuneration of Executive
Directors. The Committee recommended
the Board in its meeting held
on October 30, 2008, modification
in the terms of Managerial remuneration
and the mode of making payment.
Accordingly, it was decided
by the Board, subject to shareholders'
approval at the forthcoming
Annual General Meeting, to enter
into an agreement with the Managing
Director and pay him such salary
and perquisites directly. The
terms of such remuneration are
to be tabled before the shareholders
for their consideration and
approval. Until such time, the
amounts received towards such
remuneration by the Managing
Director are held in trust by
him.
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| Details of remuneration
paid/payable to Directors
for financial year 2008-09
are as follows: |
(Rs.
In 000) |
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Name |
Salary
& Perquisites |
Commission |
Sitting
fees |
Total |
Suneel
M Advani * (CMD) |
2,176 |
-- |
-- |
2,176 |
Ashok
M Advani |
Nil |
270 |
100 |
370 |
Sanjay
N Vaswani |
Nil |
180 |
40 |
220 |
Suresh
N Talwar |
Nil |
330 |
200 |
530 |
Dr.
Prakash G Hebalkar |
Nil |
330 |
200 |
530 |
Naresh
K Malhotra |
Nil |
285 |
140 |
425 |
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*
Blue Star Infotech Limited has
during the year reimbursed to
Blue Star Limited, (Rs. '000)
326 as its share towards Chairman
& Managing Director's (CMD)
remuneration for the period
April 01, 2008 to October 31,
2008. Effective November 01,
2008, (Rs. '000) 220 per month
is being paid as salary to the
CMD. The net perquisite value
of accommodation provided by
the Company amounts to (Rs.
'000) 150 per month This arrangement
is subject to shareholders'
approval at the Annual General
Meeting on July 30, 2009. |
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Details
of Shareholdings of Non-Executive
Directors as at March 31, 2009 |
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Name
of the Director |
Shareholding
(No. of Shares)
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Ashok
M Advani |
488,799 |
Suresh
N Talwar |
15,075 |
Sanjay
N Vaswani |
14,750 |
Naresh
K Malhotra |
250 |
Dr.
Prakash G Hebalkar |
Nil |
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6.
Shareholders' Grievance Committee |
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The
Committee facilitates effective
redressal of investor complaints
and oversees share transfers. |
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Composition |
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Ashok
M Advani |
Chairman |
Suneel
M Advani |
Member |
Dr.
Prakash G Hebalkar |
Member |
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Secretary |
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V
Sudarshan |
Company
Secretary |
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Meetings
and attendance during the year |
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Members |
Meetings
Held |
Meetings
Attended |
Ashok
M Advani |
1 |
1 |
Suneel
M Advani |
1 |
1 |
Dr.
Prakash G Hebalkar |
1 |
1 |
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The
constitution, duties and responsibilities
of the Shareholders' Grievance
Committee are in line with Clause
49 of the Listing Agreement
with the stock exchanges. During
the financial year, the Committee
met on January 19, 2009.
The total number of shareholders'
complaints received and replied
to by the Registrar to the satisfaction
of shareholders during the year
under review was 35. All complaints
of shareholders were satisfactorily
resolved. No requests were pending
as at March 31, 2009. |
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| Financial
year ended 31 March |
Nature
of Complaints |
2009 |
2008 |
| Received |
Attended |
Received |
Attended |
Non-receipt
of Dividend |
15 |
15 |
9 |
9 |
Issues
with share certificates/
Demat account/ share transfers |
16 |
16 |
18 |
18 |
Non-receipt
of annual report |
4 |
4 |
2 |
2 |
| Total
of the year |
35 |
35 |
29 |
29 |
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Quarter-wise
Comparative Break-up of Investor
Grievances
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| Financial
year ended 31 March |
Quarter
ended |
2009 |
2008 |
| Received |
Attended |
Received |
Attended |
June
30 |
4 |
4 |
7 |
7 |
September
30 |
13 |
13 |
7 |
7 |
December
31 |
13 |
13 |
8 |
8 |
| March 31 |
5 |
5 |
7 |
7 |
Total
of the year |
35 |
35 |
29 |
29 |
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7.
General Body Meetings |
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Details
of the last three Annual General
Meetings (AGMs) and Extra-ordinary
General Meeting (EGM) of the Company
are given below: |
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Year |
Date |
Venue |
Time |
MArch
31, 2006 |
August
29, 2006
at 2:30 p.m. |
Jai
Hind College Hall, 23-24,
Backbay Reclamation,
'A' Road, Churchgate, Mumbai
400 020. |
Re-pricing
of ESOPs |
MArch
31, 2007 |
August
14, 2007
at 2:30 p.m. |
Jai
Hind College Hall, 23-24,
Backbay Reclamation,
'A' Road, Churchgate, Mumbai
400 020. |
None |
MArch
31, 2008 |
July
31, 2008
at 2:30 p.m. |
Jai
Hind College Hall, 23-24,
Backbay Reclamation,
'A' Road, Churchgate, Mumbai
400 020. |
None |
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No
special resolution was passed
in the last two years' Annual
General Meetings. There was no
special resolution passed through
postal ballot in the last three
years and none is proposed to
be passed through postal ballot
this year.
Details of Extra-ordinary General
Meetings held, if any, during
the last three years
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Financial
Year ended |
Date &
Time |
Nature of
meeting |
Venue |
Special resolution passed |
March
31, 2008 |
March
04, 2008
at 4:00 p.m. |
Bombay
High Court convened meeting
of Equity Shareholders |
Jai
Hind Collede Hall, 23-24,
Backbay Reclamation,
' A' Road, Churchgate, Mumbai
400 020 |
Approval
of Scheme of Amalgamation
of Ashok Sunil & Company
Private Limited with the
Company |
March
31, 2008 |
March
04, 2008
at 4:30 p.m. |
Extra-ordinary
General meeting convened
by the Company |
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8.
Disclosures |
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| A |
In
respect of related party
transactions, the Company
does not have any transactions
which may have potential
conflict with the interest
of the Company at large.
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| B |
No
penalties/strictures were
imposed on the Company
by the stock exchanges
or SEBI or any statutory
authority in any matters
related to the capital
markets during the last
three years.
|
| C |
The Company
remains committed to the
cause of maintaining fair
dealing in all its transactions.
In furtherance of this philosophy,
the Company has constantly
ensured that any immoral
or unethical activity could
be reported by any of its
employees directly to the
members of the senior management
or the Audit Committee,
with adequate safeguards
against victimising the
whistle-blower. The Company
affirms that no employee
has been denied direct access
to the Audit Committee.
|
| D |
Your Company
recognises the role of prompt
reporting of crimes - technological
or otherwise - for moving
towards transparent governance.
The intent to commit a crime
should be reported promptly
no matter how remote or
minimal the damage. Towards
this end, the Company declares
that it has adequate technological
fraud detection safeguards
imbibed within its system,
which are a combination
of process controls and
technological controls.
The Company also declares
that there have not been
any known instances of technological
frauds detected in the Company.
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| E |
Your Company
has complied with all the
mandatory requirements of
Clause 49 of the Listing
Agreement, as applicable.
Of the non-mandatory requirements
of Clause 49, the Company
has adopted the requirement
of a Remuneration Committee
(constituted on October
30, 2008) for reviewing
and recommending Executive
Directors' remuneration.
Your Company is committed
towards complying with Clause
49 as a whole and will take
suitable measures as and
when possible.
|
| F |
Risks are
an imminent part of business
and the industry. Recognising
this fact, your Company
has in place a Risk Management
Policy to deal with the
uncertainties of the times,
where risks have been categorised
based on the following criteria:
• Nature of
Risk: External, Operational
and Financial
•
Severity of Risk: Low, Medium
and High
• Probability
of Risk: Low, Medium and
High
The Policy describes each
risk in detail and analyses
the risk mitigation strategy
to counter every risk. The
Policy is reviewed at regular
intervals by the Risk Management
Committee comprising of
senior management personnel
of the Company. The reviewed
draft is in turn reviewed
by the Audit Committee.
|
| G |
Your Company
also has several other policies
in place, the scope and
content of which is reviewed
by the Board and Audit Committee
at regular intervals:
• Policy on
insurance of assets
• Policy on inter-company
transactions
•
Policy on electronic communication
and asset usage
•
Policy on prevention of
sexual harassment
• Policy on verification
of fixed assets
Every policy has a defined
implementation mechanism.
|
| H |
Business cannot
be carried on in a vacuum,
being blissfully unaware
of happenings in one's environment.
Your Company is conscious
of its role in the society
and is taking small but
sure steps towards fulfilling
its Corporate Social Responsibility
(CSR). During the FY 2008-09,
your Company donated Rs.
954, 086 to the Prime Minister's
National Relief Fund (PMNRF)
towards Bihar Flood Relief
measures.
|
| I |
Your Company
has consistently maintained
a regime of unqualified
financial statements. |
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9.
Means Of Communication |
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The
Company published its quarterly,
half yearly and annual results
in the prescribed form, within
the prescribed time. The results
were sent to the stock exchanges
where the Company's shares are
listed and the same were published
in Free Press Journal and Navshakti
for the quarters ended June
30, 2008 (Q1) and September
30, 2008 (Q2). The results were
published in the Economic Times
and the Maharashtra Times for
the quarters ended December
31, 2008 (Q3) and March 31,
2009 (Q4). These financial results
are also displayed on EDIFAR
(Electronic Data Information
Filing and Retrieval) in SEBI's
web-site www.sebiedifar.nic.in and also on the Company's web-site, www.bsil.com.
The Company's web-site also
displays the official news releases.
The financial results are also
available on the websites of
the Bombay Stock Exchange Ltd.
and National Stock Exchange
of India Ltd.
As a transparency initiative,
your Company has explained its
business comprehensively in
Management Discussion and Analysis,
which forms a part of this Annual
Report.
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10.
Shareholder's Information |
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Annual
General Meeting |
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Date: |
July
30, 2009 |
| Time: |
2.30 p.m. |
| Venue: |
Jai Hind
College Hall, 23-24, Backbay
Reclamation,
Sitaram Deora Marg ('A'
Road), Churchgate, Mumbai
- 400 020. |
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Financial
Calendar for FY 2009 – 10 |
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Declaration
of results for the quarter
ending on |
Tentative
date |
June
30, 2009 |
Last
week of July 2009 |
September
30, 2009 |
Last
week of October 2009 |
December
31, 2009 |
Last
week of January 2010 |
March
31, 2010 |
Third
week of May 2010 |
13th
Annual General Meeting |
Second
fortnight of August 2010 |
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Dates
of Book Closure: July
20, 2009 to July 30, 2009 (both
days inclusive) |
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Recommended
Dividend: Rs. 5 per share
of face value Rs. 10. |
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Dividend
Payment Date: If declared,
dividend shall be paid / credited
on or after August 10, 2009. |
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Listing
on Stock Exchanges |
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| • |
The Bombay Stock Exchange
Limited (BSE) - Scrip
Code: 532346 |
| • |
The National Stock Exchange
of India Limited (NSE)
- Stock Code: BLUESTINFO |
| • |
ISIN No.
for NSDL/CDSL: INE 504B01011 |
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Dividend
Payment History
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| Financial
Year |
Dividend
(Rs.) per share of face
value Rs. 10 |
Dividend
as a % of the face value
of each equity share |
2000-2001 |
3.00 |
30% |
2001-2002 |
6.00 |
60% |
2002-2003 |
7.50 |
75% |
2003-2004 |
9.00 |
90% |
2004-2005 |
5.00 |
50% |
2005-2006 |
2.00 |
20% |
2006-2007* |
4.00 |
40% |
2007-2008 |
2.50 |
25% |
2008-2009
(Proposed) |
5.00 |
50% |
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*
Includes interim and Final Dividend
of Rs. 2 each share |
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Unclaimed
Dividend
Unclaimed/Unpaid dividend in respect
of 2000-01 has been transferred
to the Investors Education and
Protection Fund (IEPF) on October
03, 2008. No claims will lie against
the Company in respect of the
unclaimed amounts so transferred.
The Unclaimed/Unpaid Dividend
in respect of the year 2001-02
is due for transfer to IEPF on
September 01, 2009, after which
no claims shall lie against the
Company for the same. Shareholders
who have not yet encashed their
dividend warrants are requested
to forward their claims to the
Company or share transfer agents.
Nomination Facility
Shareholders who hold shares in
the physical form and wish to
make/change a nomination in respect
of their shares in the Company,
as permitted under Section 109A
of the Companies Act, 1956, may
submit the necessary details to
Link Intime India Pvt. Ltd. in
the prescribed Form 2B. A soft
copy of the Form can be downloaded
from the Company's website www.bsil.com.
Payment of Dividend
by Electronic Clearing Service
(ECS)
Shareholders who wish to avail
of the facility of direct credit
of dividend amounts to their bank
accounts, are requested to submit
the ECS mandate form available
on the Company's website www.bsil.com
as per the instructions mentioned
on it to the Company or its Share
Transfer Agent, Link Intime India
Pvt. Ltd.
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MARKET
PRICE DATA
Market Price Data (Rs. per share)
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Annual
High-Low Price History |
BSE |
NSE |
| Fiscal Year |
High
(Rs.) |
Low (Rs.) |
High (Rs.) |
Low (Rs.) |
2005-06 |
188.80 |
98.60 |
189.40 |
98.10 |
2006-07 |
144.50 |
59.00 |
145.00 |
57.00 |
2007-08 |
128.20 |
54.00 |
136.10 |
50.60 |
2008-09 |
86.60 |
32.60 |
88.60 |
31.95 |
|
| |
|
| |
Market
Price Data (Rs. per share)
|
| |
Month |
BSE |
NSE |
| High
(Rs.) |
Low (Rs.) |
High (Rs.) |
Low (Rs.) |
April 2008 |
70.95 |
55.00 |
130.00 |
55.45 |
May 2008 |
86.60 |
64.65 |
135.50 |
62.20 |
June
2008 |
70.95 |
54.35 |
136.10
|
51.55 |
July
2008 |
61.00 |
49.25 |
135.70 |
46.20 |
August
2008 |
69.65 |
51.00 |
110.00 |
51.50 |
September
2008 |
82.00 |
54.00 |
110.00 |
47.50 |
October
2008 |
62.00 |
32.60 |
99.95 |
31.95 |
November
2008 |
58.95 |
44.85 |
90.00 |
42.10 |
December
2008 |
54.95 |
46.10 |
113.90 |
44.25 |
January
2009 |
55.95 |
44.15 |
124.95 |
43.30 |
February
2009 |
58.50 |
40.00
|
90.00 |
45.00 |
March
2009 |
53.75 |
43.25 |
78.00 |
39.50 |
|
| |
The
performance comparison of Blue
Star Infotech Limited's closing
share prices in each month with
BSE Sensex is presented as follows: |
| |
|
| |
Performance
Comparison With BSE Sensex |
|
| |
 |
| |
The
performance comparison of Blue
Star Infotech Limited's closing
share prices at the end of each
month with NSE Nifty is presented
as follows: |
| |
|
| |
Performance
comparison with NSE Nifty |
|
| |
 |
| |
|
| |
Share
Transfer System |
| |
The
transfer of shares in physical
form is processed and approved
on a weekly basis and the certificates
are returned to the shareholders
within 30 days from the date
of receipt (subject to the documents
being valid and complete in
all respects.) |
| |
|
| |
Distribution
of Shareholding as at March 31,
2009 |
| |
| No. of Equity Shares held |
No. of Shareholders |
% of Shareholders |
Total no. of Shares held |
% of Shares held |
1
- 250 |
12,733 |
83.33 |
904,307 |
9.04 |
251
- 500 |
1,450 |
9.49 |
547,659 |
5.48 |
501
- 1000 |
611 |
4.00 |
460,875 |
4.61 |
1001
- 2000 |
233 |
1.52 |
328,432 |
3.28 |
2001
- 3000 |
78 |
0.51 |
199,879 |
2.00 |
3001
- 4000 |
38 |
0.25 |
130,681 |
1.31 |
4001
- 5000 |
28 |
0.18 |
132,556 |
1.33 |
5001
- 10000 |
51 |
0.33 |
349,071 |
3.49
|
10001
and above |
59 |
0.39 |
6,946,540 |
69.46 |
Total |
15,281 |
100.00 |
10,000,000 |
100.00 |
|
| |
|
| |
Categories
of Shareholders as at March 31,
2009 |
| |
| Category |
No. of Shares |
% |
Indian
Public |
3,542,140
|
35.42 |
Blue
Star Limited |
30,98,025
|
30.98 |
Directors,
their Relatives and other
Promoter Group Companies |
24,54,770 |
24.55 |
Insurance
Companies (GIC and its
Subsidiaries) |
3,70,540 |
3.71 |
BSIL
- Key Employees Stock
Options Trust
|
2,50,413 |
2.50 |
Other
Corporates
|
1,62,309
|
1.62 |
Foreign
Holdings |
1,21,803 |
1.22 |
Total |
10,000,000 |
100.00 |
|
| |
|
| |
Shareholding Distribution |
|
| |
 |
| |
|
| |
Blue
Star Infotech Shareholders |
| |
As
at March 31, 2009, the Company
had 15,281 registered shareholders.
Approximately 35.42 % of the
Company's shares were held by
the public. The promoters, including
Blue Star Limited, hold 55.53
% of shares; the ESOP Trust
holds 2.50 % and 5.33 % of the
shares are held by insurance
companies and other corporates. |
| |
|
| |
Dematerialisation
Of Shares And Liquidity |
| |
Approximately
62.58 % of the Company's equity
shares were dematerialized as
at March 31, 2009. Around 35.42
% of the equity shares are held
by the public and the shares
are traded daily on the BSE
and NSE. |
| |
|
| |
Office
Locations
Registered Office: |
| |
Band
Box House, 4th Floor,
Dr. Annie Besant Road, Worli,
Mumbai-400 030. |
| |
|
| |
Development
Centres: |
| |
| • |
SDF
III/V/VI SEEPZ,
Andheri (East), Mumbai-400
096. |
| • |
Alpha
Building, 2nd Floor,
Hiranandani Gardens,
Powai, Mumbai-400 076. |
| • |
Delphi Building,
'B' Wing, 6th Floor
Hiranandani Gardens,
Powai, Mumbai-400 076. |
| • |
#7, 18th Main
Road, 7th Block, Koramangala,
Bangalore-560 095. |
|
| |
|
| |
Shareholder
Inquiries |
| |
Questions
concerning folio, share certificates,
dividend, address changes, consolidation
of certificates and related
matters should be addressed
to Blue Star Infotech Limited,
at its Registered Office or
its share transfer agents at
the below mentioned addresses: |
| |
|
| |
| Registered
Office |
Registrar
and Transfer Agents |
Share
Transfer Documents will
also be accepted at:
Link Intime India Pvt. Ltd. |
Blue Star Infotech Limited
Band Box House, 4th Floor,
Dr. Annie Besant Road,
Worli, Mumbai - 400 030.
Tel : 91-22-2490 1870
Fax : 91-22-2490 1353
www.bsil.com
E-mail :
Share Department: shares@bsil.com
Company Secretary: cosec@bsil.com
|
Link Intime India Pvt.
Ltd.
(formerly Intime Spectrum
Registry Ltd.)
Unit: Blue Star Infotech
Limited
C-13, Pannalal Silk Mills
Compound,
LBS Marg, Bhandup (West),
Mumbai - 400 078.
Tel : 91-22-2596 3838
Fax : 91- 22-2594 6969
|
203, Davar House,
197/199 D. N. Road,
Mumbai - 400 001.
Tel : 91-22-2269 4127 |
|
| |
|
| |
| |
|
|
|
| |
|
| |
11.
Shareholder's Pattern |
| |
|
| |
| |
|
| |
| |
|
