Subsidiary UNIT

(CIN : U51101KA1963PLC001510)

Vignyan Industries Limited (VIL), which is under closure, is a Subsidiary Unit of BEML Limited. This Unit is a Steel Casting Foundry, which has a combined licensed production capacity of 5000 T Components produced in the range between 2.0 kgs to 2250 kgs, which include all grades of Carbon Steel, Alloy Steel and Manganese Steel. VIL specialises in churning out components for Earth Moving Machinery, Valves, Die Casting Machines, Ropeways, Automobiles and for Railways. Earlier VIL was a Captive Foundry to BEML alone and now it has extended its supplies to important customers like HMT, BHEL, KCPL, HML, Indian Railways and more importantly, VIL has diversified its production into Ductile Iron Castings.

 

Board of Directors

NameDesignation
SHRI MV RAJASEKHARNominee Director – Chairman
SHRI ML SHANMUKHIndependent Director
SHRI AJIT KUMAR SRIVASTAVNominee Director

Annual Report

Information for Investors

Shareholding Pattern:

The latest Shareholding Pattern is as follows:

CategoryNo. of Shares%age to Equity
BEML Limited2,69,37696.56
Public Shareholders9,5903.44
Total2,78,966100.00
Compliance with Corporate Governance:
The latest report is as follows:
Sl.No. Activity CG Guidelines Clause Status of compliance with the CG guidelines (Yes / No / NA) Remarks
1 2 3 4 5
I. Board of Directors
1. Composition of Board 3.1 Yes --
2. Non-Official Directors 3.1 Yes --
3. Part-time directors compensation and disclosures 3.2 Yes --
4. Number of Board meetings 3.3.1 Yes --
5. Review of compliance of laws 3.3.3 Yes --
6. Code of Conduct 3.4 Yes --
7. Risk management 3.6 Yes --
8. Training for new Board members 3.7 Yes --
II. Audit Committee
9. Constitution of Audit Committee 4.1 Yes --
10. Audit Committee assigned due role 4.2 Yes --
11. Audit Committee vested adequate powers 4.3 Yes --
12. Meetings of Audit Committee 4.4 Yes --
13. Review of information by Audit Committee 4.5 Yes --
III. Remuneration Committee
14. Constitution of remuneration Committee 5.1 Yes --
IV. Subsidiary Companies
15. Board of subsidiary companies 6.1 NA --
16. Review of financial statements of subsidiary by Audit Committee 6.2 NA --
17. Review of performance of subsidiary by Board 6.3 NA --
V. Disclosures
18. Transactions 7.1 Yes --
19. Accounting Standards 7.2.1 Yes --
20. Consolidated financial statements 7.2.3 NA --
21. Segment-wise profit and loss statement 7.2.4 NA --
22. Board Disclosures - Risk management 7.3 Yes --
23. Remuneration of directors 7.4 Yes --
24. Management Discussion and Analysis 7.5 Yes --
25. Disclosures by Senior management 7.5.2 Yes --
VI. Report and Compliance
26. Report on Corporate Governance 8.1 Yes --
27. Compliance Certificate 8.2.1 Yes --
28. Chairman’s speech in AGM and annual report 8.2.2 Yes --
29. Holding of AGM, adoption of audited accounts and filing of adopted accounts with the Registrar of Companies within the stipulated time -- Yes --
30. Timely submission of Compliance report 8.3 Yes --
Annual General Meetings:

The three Annual General Meetings were held as under:-

Financial YearDateTimeVenue
2019-202014.09.20201100 hrsThrough Video Conferencing at Registered Office, Tarikere
2018-201921.09.20191230 hrsRegistered office at Tarikere
2017-201822.09.20181230 hrsRegistered office at Tarikere
MoU Performance:
YearComposite ScoreRating
2016-201740.61Fair
2015-201632.26Fair
2014-20153.76Fair

Company Policies

ENQUIRY

HEAD OF VIL

B.H.Road, Tarikere 
Chikmagalur - 577228
Karnataka, INDIA

+91 8261 222734/5
+91 8261 2223557