Shareholders / Investors service :

GRUH has its in-house secretarial department under the overall supervision of Mr. Marcus Lobo – Company Secretary / Compliance Officer. For any assistance regarding share transfers, transmissions, change of address, non receipt of dividend, duplicate /missing share certificates and other matters pertaining to your shares, please write to the following
address:

Secretarial Department Registrar & Transfer Agent
GRUH Finance Ltd.
“GRUH”
Netaji Marg,
Nr. Mithakhali Six Roads,
Ellisbridge,
Ahmedabad 380 006

Tel : 079–32901222- 1223;
Fax : 079-2656 0649
Email : investorcare@gruh.com

MCS Limited
Unit : “GRUH”
101, Shatdal Complex,
1st Floor, Opp. Bata Show Room,
Ashram Road,
Ahmedabad- 380 009

Tel : 079–26582878-80, 26584027
Fax : 079-26581296

 

Shareholding Pattern as at March 31, 2013
Category No. of Share holders Total No. of Shares Held % to Capital
Promoter – HDFC Ltd. 1 106538925 59.69
Public /Resident Indians 17775 33016742 18.51
Financial Institutions,
Mutual Funds & Banks
12 692382 0.39
Corporate Bodies 510 3948571 2.21
Foreign Institutional Investors (FIIs) 74 27366426 15.33
Non-Resident Indians / OCBs 722 6913629 3.87
Total 19094 178476675 100.00

Top ten shareholders of GRUH as at March 31, 2013
Name No of shares % of Capital
Housing Development Finance Corporation Limited 106538925 59.69
Smallcap World Fund, INC 5450000 3.05
Wasatch Emerging Markets Small Cap Fund 3789600 2.12
Dr. Sanjeev Arora 3387250 1.90
Acacia Partners, LP 1848000 1.04
Wasatch International Growth Fund 1383955 0.78
Ward Ferry Management Limited A/c. WF India Reconnaissance Fund Limited 1317000 0.74
Platinum Jubilee Investments Ltd. 1067720 0.60
Rachna Amin 942500 0.53
Acacia Institutional Partners, LP 880000 0.49

Listing of Equity Shares

GRUH’s shares are listed on the BSE Ltd. and National Stock Exchange of India Ltd.

The Stock Code Nos. are :BSE: 511288; NSE: GRUH

The Company has arranged for the payment of listing fees for the year 2013-2014 as per the listing agreement with the respective stock exchanges.

Listing of Debt Securities

GRUH’s NCDs (Series – SD-001 & SD-002 aggregating to 35 crore) are listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India Limited (NSE).

Debenture Trustees

IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400 021.

Distribution of Shareholding As At March 31, 2013
No. of Shares held Folios Shares
Numbers % Numbers %
Upto 500 11230 58.81 2302028 1.29
501 to 1000 2405 12.60 1927676 1.08
1001 to 5000 4483 23.48 9362919 5.25
5001 to 10000 458 2.40 3404012 1.91
10001 to 50000 373 1.95 7849235 4.40
50001 to 100000 56 0.29 4080741 2.28
100001 and above 89 0.47 149550064 83.79
Total 19094 100.00 178476675 100.00
Dematerialisation of Shares

As at March 31, 2013, 97.92 % of equity shares of GRUH have been dematerialised by shareholders through National Securities Depository Limited and Central Depository Services (India) Limited .

ISIN for NSDL & CDSL : INE 580B01029

The status of shares which have been dematerialised and shares which are held in physical form as at March 31, 2013 are as under:

Particulars No of shares (%)
Shares held in physical form 3707600 2.08
Shares held in electronic form 174769075 97.92
Total Shares 178476675 100.00
Details regarding dividend paid during the last 7 years
Year Rate (%) Book Closure Date AGM Date Payment Date
2005-06 25 May 12, 2006 to May 18, 2006 July 7, 2006 July 7, 2006
2006-07 30 June 1, 2007 to June 7, 2007 July 27, 2007 July 27, 2007
2007-08 40 July 15, 2008 to July 25, 2008 July 25, 2008 July 25, 2008
2008-09 48 June 18, 2009 to June 30, 2009 June 30, 2009 June 30, 2009
2009-10 65 June 17, 2010 to June 29, 2010 June 29, 2010 June 29, 2010
2010-11 110 July 5, 2011 to July 14, 2011 July 14, 2011 July 18, 2011
2011-12 115 June 8, 2012 to June 18, 2012 June 18, 2012 June 18, 2012

NB:Shareholders who have not received the dividends may kindly contact the secretarial department.

Unclaimed Dividend and Deposits

The Company has transferred all unclaimed/unpaid dividends up to the financial year 2004-2005 to the Investor Education and Protection Fund, as applicable. The Company has transferred matured deposits and interest thereon for the year 2004-2005 remaining unclaimed / unpaid, to the Investor Education and Protection Fund, in accordance with the current regulations.

Members who have either not received or have not encashed their dividend warrant(s) for the financial years 2005-2006 to 2011-2012 are requested to claim the unpaid dividend from the Company before transfer to the above mentioned fund. After transfer of unpaid/unclaimed dividend amount to the Investor Education and Protection Fund, the same cannot be claimed subsequently.

Dividends that have not been claimed by the shareholders for the financial year 2005-2006 will have to be transferred to the Investor Education and Protection Fund in August 2013 in accordance with the current regulations.

The details of the unclaimed dividend and the last date for claiming the same, prior to its transfer to the IEPF, are as under:

Financial year No. of Members who have not claimed their dividend Unclaimed dividend as on March 31. 2013 ( ) Unclaimed dividend as % to total dividend Date of declaration Last date for the claiming the dividend prior to its transfer to IEPF
05-06 1,030 4,37,630 0.66 July 7, 06 Aug 4, 13
06-07 1,095 5,51,706 0.53 July 27, 07 Aug 24, 14
07-08 1,070 6,88,220 0.50 July 25, 08 Aug 23, 15
08-09 1,143 9,21,940 0.55 June 30, 09 July 28, 16
09-10 1,143 12,05,468 0.53 June 29, 10 July 27, 17
10-11 1,122 18,49,738 0.48 July 14, 11 Aug 11, 18
11-12 1,271 21,06,077 0.52 June 18, 12 July 17, 19
Nomination Facility

Where shares are held in single name, in case of an unfortunate death of the shareholder, the process of transmission is cumbersome as it requires submission of succession certificate / letter of probate / will, etc. Shareholders holding shares in single name and in physical form are requested to submit the prescribed form 2B (in duplicate) to the secretarial department to avail of the nomination facility. Shareholders may contact the secretarial department for the said form. Shareholders holding shares in demat form are requested to contact their depository participants for availing the nomination facility.

Service Standards

GRUH is committed to providing effective and prompt service to its investors. The Secretarial Department has been entrusted with the responsibility of ensuring that the investors of the Company are serviced in accordance with the service standards. Listed below are the service standards adopted by the Company in respect of various services being rendered by the Secretarial Department.

Nature of Service* Time Taken
Transfer of shares 10 working days
Issue of duplicate/revalidation of dividend warrant(s) 7 working days
Change of address/ECS/ Bank details 7 working days
Registration of Nomination 4 working days
Transmission of shares/ Deletion of name 10 working days
Split/Consolidation of share certificate(s) 10 working days

* Subject to receipt and verification of valid documents and requisite approvals.

The investors are requested to contact the Secretarial Department for availing any of the said services. The Company has designated an exclusive e-mail address viz. investorcare@gruh.com, which would enable investors to post their grievance.

A status report on adherence to the said service standards is reviewed by the company secretary on a monthly basis and a detailed report is tabled at the meetings of the Investor Relations & Grievance Committee, for its review and noting.

Measuring Shareholders’ Value

At GRUH, we believe in maximizing the wealth of its shareholders and our endeavors are in the direction of providing maximum value to our shareholders either in the form of dividend or capital appreciation. The value of Shareholders’ return is measured as follows:

A. Total Shareholders’ Return

Total Shareholders’ return includes the dividend paid by the Company as well as the capital appreciation of the shares of the Company in the stock markets. During the past five years return to shareholders has been as follows :

( in crore)

Particulars 2012-13 2011-12 2010-11 2009-10 2008-09
Closing Market Capitalisation 3753.36 2248.60 1266.38 756.14 324.69
Opening Market Capitalisation 2248.60 1268.38 756.14 324.69 534.79
Money raised during the year from Shareholders 12.30 2.39 7.12 1.17 0.03
Net Capital Appreciation / (Depreciation) 1492.46 977.83 503.12 430.28 (210.13)
Dividend including dividend tax 52.46 47.29 45.04 26.32 19.46
Total Gain / Loss 1544.92 1025.12 548.16 456.60 (190.67)
Gain / (Loss) to Opening Market Capitalisation (%) 68.71 80.82 72.50 140.63 (35.65)

B. Enterprise Value

Enterprise Value (EV) measures the value of a Company as on a particular date. It is calculated by making adjustments to the market capitalisation of a Company. The formula for measuring Enterprise Value is :

Enterprise Value (EV) = Market Capitalisation + Total Debt – Cash Balance

With the Enterprise Value as a measure, the companies can be compared easily irrespective of their capital structure. Moreover, Enterprise value is used to calculate the ratio of EV to EBIDTA multiple.

EBIDTA stands for Earnings before Interest, Depreciation, Tax and other appropriations. Hence, it can be calculated by adding back the figures of interest, depreciation and other appropriations to the amount of Profit Before Tax (PBT). It indicates that the value of enterprise is equal to number of times of the Company’s earnings. As the figures of Interest, depreciation and tax are added back, it makes the comparison between two enterprises easier by eliminating all the accounting and tax differences.

The above measure for GRUH for a period of five years is as follows : –

Particulars As at March 31, 2013 2012 2011 2010 2009
Number of Equity Shares of 2 each (Previous years 10 each) (Crores) 17.85 3.53 3.52 3.47 3.47
Market Price () of face value of 2 each previous year 10 each* 210.30 636.95 360.20 217.75 93.70
Market Capitalisation 3753.36 2248.60 1266.38 756.14 324.69
Total Debt 4914.52 3833.00 2966.33 2323.12 2245.15
Cash 13.12 114.98 93.69 135.60 71.24
Enterprise Value (EV) 8654.76 5966.62 4139.02 2943.66 2498.60
EBIDTA 603.20 475.23 328.32 276.06 271.72
EV/ EBIDTA (Times) 14.35 12.56 12.61 10.66 9.20
TOTAL INCOME 650.45 514.24 361.27 309.06 295.28
EV/TOTAL INCOME (Times) 13.31 11.60 11.46 9.52 8.46

*Considered as the price on the stock exchange where maximum number of shares have been traded.

Stock Market Data

Monthly high and low quotations as well as the volume of shares traded at the BSE Ltd. and the NSE for 2012-2013 along with the BSE Sensex and NIFTY are as follows:

BSE 2012-2013:

Month Highest () Lowest () Volume of Shares traded BSE Sensex
April 2012* 150.38 126.00 913415 17139
May 2012* 141.00 127.60 200155 16219
June 2012* 145.00 133.33 790040 17430
July 2012* 170.00 145.30 1828003 17236
August 2012 193.25 153.00 763776 17430
September 2012 210.00 175.20 672258 18763
October 2012 223.95 178.70 1143398 18508
November 2012 219.90 187.90 1136803 19340
December 2012 245.00 200.00 2036927 19427
January 2013 249.70 216.55 1241044 19895
February 2013 230.85 207.50 277860 18862
March 2013 220.00 194..35 412592 18836

NSE 2012-2013:

Month Highest () Lowest () Volume of Shares traded NSE (Sensex monthly close)
April 2012* 150.45 126.88 2215955 5248
May 2012* 140.40 127.20 745145 4924
June 2012* 166.00 132.40 2129605 5279
July 2012* 163.77 145.95 2079065 5229
August 2012 193.35 151.55 2021258 5286
September 2012 210.00 174.50 1692740 5703
October 2012 224.90 179.00 2934087 5620
November 2012 216.60 187.45 3155392 5880
December 2012 245.40 171.50 2159442 5905
January 2013 250.00 216.20 2223266 6035
February 2013 230.65 208.00 795220 5693
March 2013 219.00 195.00 1986452 5682

* The nominal face value of the equity shares of the Company was sub-divided from 10 per equity share to 2 per equity share, with effect from July 26, 2012. The ex-date for sub-division of the equity shares was July 25, 2012. The share price and number of shares traded have been adjusted in the ratio of sub-division to make the same comparable.