• SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c
  • SENSEX Feb 25 2020 12:00
    40,281.20 -82.03 (-0.20%)
  • NIFTY Feb 25 2020 12:00
    11,797.90 -31.50 (-0.27%)
  • SENSEX Feb 25 2020 12:00
    40,281.20 -82.03 (-0.20%)
  • NIFTY Feb 25 2020 12:00
    11,797.90 -31.50 (-0.27%)
  • Nasdaq Feb 25 2020 04:30
    9,221.28 -355.31 (-3.71%)
  • DJIA Feb 25 2020 04:30
    27,960.80 -1,031.61 (-3.56%)
  • S&P 500 Feb 25 2020 04:30
    3,225.89 -111.86 (-3.35%)
  • Hang Seng Feb 25 2020 02:10
    26,893.23 +72.35 ( +0.27%)
  • Crude Oil Feb 25 2020 11:28
    3,647.00 -15.00 (-0.41%)
  • Gold Feb 25 2020 11:28
    42,766.00 -814.00 (-1.87%)
  • Silver Feb 25 2020 11:28
    47,563.00 -1,842.00 (-3.73%)
  • Copper Feb 25 2020 11:26
    423.10 +0.60 ( +0.14%)
  • Pound / Rupee Dec 23 2016 22:30
    92.95 +0.55 ( +0.60%)
  • Dollar / Rupee Dec 23 2016 22:30
    71.76 +0.08 ( +0.11%)
  • Euro / Rupee Dec 23 2016 22:30
    77.82 +0.44 ( +0.56%)
  • Yen / Rupee Dec 23 2016 22:30
    0.64 0.00 ( +0.29%)

Disa India Ltd

BSE Code : 500068 | NSE Symbol : GEORGFISCH | ISIN:INE131C01011| SECTOR: - |

NSE BSE
 
SMC up arrow

68.05

0.00 0.00 Volume 280564

14-Dec-2000 EOD

Prev. Close

68.05

Open Price

68.00

Bid Price (QTY)

-/-()

Offer Price (QTY)

-/-()

 

Today’s High/Low 68.05 - 68.05

52 wk High/Low 68.05 - 0.00

Key Stats

MARKET CAP (RS CR) 670.18
P/E 19.36
BOOK VALUE (RS) 1038.8783218
DIV (%) 25
MARKET LOT 1
EPS (TTM) 238.07
PRICE/BOOK 4.43613068373105
DIV YIELD.(%) 0.06
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

06-Feb-2020

Disa India consolidated net profit rises 21.86% in the December 2019 quarter

05-Feb-2020

Disa India Ltd - Financial Results For December 2019

27-Jan-2020

Disa India to table results

27-Jan-2020

Disa India Ltd - Board Meeting Intimation for Board Meeting To Be Held On February 5, 2020

27-Jan-2020

Disa India to table results

30-Oct-2019

Disa India schedules board meeting

09-Aug-2019

Disa India appoints directors

26-Jul-2019

Disa India to convene board meeting

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A & M Febcon Ltd 540697
A2Z Infra Engineering Ltd 533292 A2ZINFRA
Aakar Engineering & Manufacturing Company Ltd 522201
Aaron Industries Ltd 535103 AARON
Acrow India Ltd 513149
Action Construction Equipments Ltd 532762 ACE
Affordable Robotic & Automation Ltd 541402
Alfa-Laval (India) Pvt Ltd 505885 ALFALAVAL
Amaze Entertech Ltd 531112
Anup Engineering Ltd(Merged) 40333
Apex Intertech Ltd 526155
Arrow Macco (India) Ltd 40447
Asean Industrial Structures Ltd 531935
Avery India Ltd 526556 AVERY
Avon Corporation Ltd 532995
Baffin Engineering Projects Ltd 532161
Batliboi Ltd 522004 BATLIBOI
Bemco Hydraulics Ltd 522650
Bemco Jacks & Allied Products Ltd 522055
BEML Ltd 500048 BEML
Beta Corporation Ltd 531009
Bharat Dynamics Ltd 541143 BDL
Birla Machining & Toolings Ltd(merged) 505426 DAGERFORST
Birla Precision Technologies Ltd 522105
Birmingham Thermo-Tech Ltd 531428
Bosch Rexroth (India) Ltd 505366
Brady & Morris Engineering Company Ltd 505690
British India Steels Ltd 513065
Cenlub Industries Ltd 522251
Cimmco Ltd 505230 CIMMCO
CMI FPE Ltd 500147 FLATPROD
Commercial Engineers & Body Builders Company Ltd 533272 CEBBCO
Condequip Engineers (India) Ltd 531891
Consortex Karl Doelitzch (India) Ltd 531852 APOWERTOOL
Continental Valves Ltd 522041
Cranex Ltd 522001
Cromakem Ltd 526181
DE Nora India Ltd 590031 DENORA
Debock Sales and Marketing Ltd 535086 DSML
Dynamatic Technologies Ltd 505242 DYNAMATECH
Eaton Fluid Power Ltd 505875 VICKERSYS
Eimco Elecon (India) Ltd 523708 EIMCOELECO
ELB Schliff (India) Ltd 522078
Elecon Engineering Company Ltd 505700 ELECON
Electrex India Ltd 517378 ELECTRX
Electronica Machine Tools Ltd 40150
EMA India Ltd 522027
Emkay Taps & Cutting Tools Ltd 532586 EMKAYTOOLS
Envair Electrodyne Ltd 500246 KIRLOSELEC
ESL Industries Ltd 512583
Esquire Engineering Ltd 512371
Everflow Ltd (Merged) 508931
F L Smidth Ltd 521311 FULLERKCP
Felix Industries Ltd 535033 FELIX
Filtra Consultants & Engineers Ltd 539098
Filtron Engineers Ltd 531191
Flakt India Ltd (Merged) 505248
Flex Engineering Ltd(merged) 522167 FLEXENGG
Fluid Air (India) Ltd (Wound-up) 531753
Fluidclean Industries (India) Ltd 531386
Fluidomat Ltd 522017
Forbes & Company Ltd 502865 FORBESGOK
Forge & Blower Industries Ltd 522255
G G Automotive Gears Ltd 531399
G G Dandekar Machine Works Ltd 505250
G R Magnets Ltd 500152 GRMAGNET
Galaxy Agrico Exports Ltd 531911
GEI Industrial Systems Ltd 530743 GEINDSYS
Ghanshyam Steel Works Ltd 531876
GMM Pfaudler Ltd 505255 GMMPFAUDLR
Gremach CNC Ltd (Wound-up) 522103
Gujarat Apollo Industries Ltd 522217 GUJAPOLLO
Gujarat Toolroom Ltd 513337
Gunnebo India Pvt Ltd 513175
Haji Manzoor Alam Industries Ltd 509094
Harish Textile Engineers Ltd 542682
Hawa Engineers Ltd 539176
Hercules Hoists Ltd 505720 HERCULES
Hindustan Aeronautics Ltd 541154 HAL
Hindustan Everest Tools Ltd 505725
Hindusthan Udyog Ltd 513039
Hittco Tools Ltd 531661
HLE Glascoat Ltd 522215
HMT Ltd 500191 HMT
Hydroflex Equipments Ltd 531818
ICE Make Refrigeration Ltd 535034 ICEMAKE
Incon Engineers Ltd 531594
Incorporated Engineers Ltd 522095
Indabrator Ltd (Merged) 505260
International Combustion (India) Ltd 505737
International Conveyors Ltd 509709
Ion Exchange (India) Ltd 500214 IONEXCHANG
ISGEC Heavy Engineering Ltd 533033 SARASIND
ITL Industries Ltd 522183
Iykot Hitech Toolroom Ltd 522245
Janak Turbo Dynamics Ltd 522247
Jash Engineering Ltd 535019 JASH
John Fowler (India) Pvt Ltd 505280
Jord Engineers India Ltd 500232 JORDENGG
Josts Engineering Company Ltd 505750
Kabra Extrusion Technik Ltd 524109 KABRAEXTRU
Kalindee Rail Nirman (Engineers) Ltd(Merged) 522259 KALINDEE
Kaveri Engineering Industries Ltd (Wound-up) 522062
Kennametal India Ltd 505890 KENNAMET
Khaitan Paper Machines Ltd 523726
Kilburn Engineering Ltd 522101 KILBUNENGG
Kitty Steels Ltd 513711 KITSTEEL
Koa Tools India Ltd 517471
KPT Industries Ltd 505299
Kranti Industries Ltd 542459
La Tim Metal & Industries Ltd 505693
Lakshmi Precision Tools Ltd 40723
Latteys Industries Ltd 535085 LATTEYS
Lippi Systems Ltd 526604
Lokesh Machines Ltd 532740 LOKESHMACH
Loyal Equipments Ltd 539227
Macpower CNC Machines Ltd 535057 MACPOWER
Magnetix (India) Ltd 523106
Manugraph India Ltd 505324 MANUGRAPH
Marshall Machines Ltd 535106 MARSHALL
Mazda Ltd 523792 MAZDA
Mewar Hi-Tech Engineering Ltd 540150
Mirch Technologies (India) Ltd 505336
Misquita Engineering Ltd 542801
Mitsubishi Heavy Industries India Prec. Tools Ltd 40077
Miven Machine Tools Ltd 522036
Mold-Tek Technologies Ltd 526263 MOLDTECH
MPF Systems Ltd 532470
Multi Arc India Ltd 513685 MULTIARC
Mysore Kirloskar Ltd 500293
Nitin Fire Protection Industries Ltd 532854 NITINFIRE
Nubal (India) Ltd 530725
Om Metals Infraprojects Ltd 531092 OMMETALS
Otoklin Plants & Equipment Ltd 505783 OTOKLIN
Patels Airtemp (India) Ltd 517417
Pat-Parth Engineers Ltd (Wound Up) 531740
Perfect Infraengineers Ltd 532595 PERFECT
Pitti Engineering Ltd 513519 PITTIENG
Polymechplast Machines Ltd 526043
Praj Industries Ltd 522205 PRAJIND
Precision Tooling Systems Ltd 40391
Premier Ltd 500540 PREMIER
Rajasthan Tools Ltd (Merged) 500352
Rajoo Engineers Ltd 522257
Rampur Engineering Co Ltd 505793
Rapicut Carbides Ltd 500360
Real Value Appliances Ltd 500363 REALVALAPL
Redex Protech Ltd 523650
Remi Process Plant & Machinery Ltd 505658
Renco Gears Ltd 526129 RENCOGEAR
Rishi Laser Ltd 526861
Rolcon Engineering Company Ltd 505807
Saboo Brothers Ltd 530267
San Engineering & Locomotive Company Ltd 505155
Sandvik Asia Pvt Ltd 500374 SANDVIKAS
Shakti Met-dor Ltd 526510
Shivagrico Implements Ltd 522237
Sika Interplant Systems Ltd 523606
Simtools Pvt Ltd 505380
Singer India Ltd 505729 SINGER
Skipper Ltd 538562 SKIPPER
Skyline Millars Ltd 505650
Solid Carbide Tools Ltd 500394
Solitaire Machine Tools Ltd 522152
Sprayking Agro Equipment Ltd 540079
Stanford Engineering Ltd 505382
Sterling Powergensys Ltd 513575
Stone India Ltd 522085
Stotz Blacksmiths Ltd 532115
Sulzer India Ltd 522087 SULZER
Swetha Engineering Ltd 40468
Tambraparni Diamond Dies & Tools Ltd 40194
Taneja Aerospace & Aviation Ltd 522229 TANEJAERO
Tata Advanced Material Ltd 526646 TATADVMATL
Tecpro Systems Ltd 533266 TECPRO
Terruzzi Fercalx India Ltd 522080 VULCANENG
Texmaco Rail & Engineering Ltd 533326 TEXRAIL
The Anup Engineering Ltd 542460 ANUP
Thejo Engineering Ltd 500492 THEJO
Thermax Ltd 500411 THERMAX
TIL Ltd 505196 TIL
Titagarh Wagons Ltd 532966 TWL
TMT (I) Ltd 522171 TMTINDIA
Trackparts of India Ltd 530373
TRF Ltd 505854 TRF
Trina Quebec Gears Ltd 522159
TTG Industries Ltd 522185 TTGIND
UB Engineering Ltd 509992 UBENGG
United Drilling Tools Ltd 522014
UT Ltd 526879
Va Tech Wabag Ltd 533269 WABAG
Veljan Denison Ltd 505232
Vidiani Engineers Ltd 522132 VIDIANIENG
Vijay Industries & Projects Ltd 517280
Vikram Projects Ltd (Wound-up) 523441 VIKRAMPROJ
VVN Manufacturing & Investa Ltd(Merged) 505535
Walchandnagar Industries Ltd 507410 WALCHANNAG
Wellman Incandescent India Ltd 522093 WELMANINCA
Western Paques (India) Ltd 500468 WESTNPAQUE
Wimco Ltd 500950 WIMCOLTD
Windsor Machines Ltd 522029 WINDMACHIN
XLO-Machine Tools Ltd 522007
Yuken India Ltd 522108 YUKENINDIA

Share Holding

Category No. of shares Percentage
Total Foreign 2000 0.14
Total Institutions 142181 9.78
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 35984 2.48
Total Promoters 1088056 74.82
Total Public & others 185984 12.79
Total 1454205 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Disa India Ltd

Disa India Ltd.(formerly George Fisher Disa), part of Cophenhagen based Disa A/S Group, manufacturs foundry machinery like moulding plants, sand plants and shot blasting machines. The production facility of Foundary Machinery Division is at Tumkur, Karnataka and Clean Air Division is at Hosakote, Karnataka. Promoted on May 25, 1984 as BMD Industries with technical and financial participation from BMD, Germany; Vulcan Laval, Germany and KSIIDC. Internationally Disa A/S has acquired the 50% stake of George Fisher in the former JV company George Fisher Disa thus making the Disa A/S the sole owner of George Fisher Disa in 2000, the Indian operations of the former JV has also became part of Disa A/S. And subsequent to this development the name of the company is changed to Disa India Ltd. This ISO 9001 certified company's customers list include bluchip cos. like HMT, HEC, BHEL, Vulcan Laval and big casting manufacturers. Company has commenced the first phase of a new line of activity -- manufacture of control panels for its captive needs at Hoskote.

Disa India Ltd Chairman Speech

Dear Shareholder,

The growth sectors in India have been clearly defined in: Transportation, Infrastructure and Energy Efficiency. These sectors are undergoing change due to automation, connectivity and digital transformation which create opportunities for all the global companies to contribute to the growth of India. We are fully geared up to participate in the same. We remain committed to India's transformation around these industries by bringing in technologies, local manufacturing and people expertise, locally as well as globally. With more than 100 years of innovation, thanks to our global organisation, we are absolutely prepared to offer customised solutions in the areas of our work.

The automotive industry has been on an upward trajectory in 2018/19 and has demonstrated a strong CAGR over the past 5 years. We see an optimistic view of the industry owing to the low penetration levels in India. Although the industry might witness slight disruptions due to introduction of new BSVi standards from April 2020, and the EVs roadmap for India, but on a long-term horizon we are positive about the automotive industry.

DISA India has once again delivered a strong all round performance during the financial year 2018/ig. The consolidated revenue from operation and Profit after tax grew by 20.8% to Rs. 2516.7 Million and 71.8% to Rs.286.1 Million respectively as compared to the previous year 2017-18.

I take this opportunity to thank our valued customers and our stakeholders who have given us the opportunity to serve them and have bestowed great deal of faith and confidence on us. I would make a special mention of all our employees for their tireless effort to achieve the above.

We approach Indian market by providing 'Complete Foundry Solution' right from Moulding Machine, Sand Plant, Conveying and Cooling systems coupled with Surface Finishing and Dust Extraction systems. DISA has led the market successfully with this unique approach over many years. Majority of our offerings in Indian market are met through locally produced products, in two world class facilities near Bengaluru. Our customer centric approach has made us move in the following two key initiatives for the Indian market: Reliability Services for Foundries and Distribution Model for Aftermarket.

The highlight of our offerings for the year include 'Reliability Services' integration for foundries, wherein we have partnered with customers to increase the overall output from the existing installations, thus improving on overall efficiency and reduced cost of operations. This unique initiative in the industry is gaining momentum, and we are getting request from more customers for a similar integration. DISA is gearing up to meet these requirements in this year and for the future as well.

We have now ventured into 'Distribution Model' to better service the spare parts need for our customers. We have started the first Norican Distributor at Coimbatore in Southern India. What it means to the customers is the availability of spare parts closer to their plants. This would help us to serve them in fastest possible time, with flexibility depending on the requirements. Our close working along with our customers and distributors shall also help in better planning for the repair and maintenance requirements for the installed machines and reduce the unplanned downtime to a minimum possible level.

This year we have also started the Aluminium offerings through group's newly acquired companies in Europe. These companies: Italpresse & Gauss and Stikowestofen provide complete Aluminium Foundry Solution through Die Casting Machines, Melting and Dosing Furnaces and Automation Solutions. Aluminium offerings, we assume is going to be our key area of work going forward.

No industry is untouched with the digitization initiatives and we are no exception to it. Norican is bringing in technologies to remote diagnose key information from our machines and provide meaningful actionable information for the maintenance teams in the customer plants.

Being a company with innovation credentials, our support to the Indian market is through a strong R&D set up based at Bengaluru. This set up works closely with global product centre's Sales and Manufacturing to determine and deliver customised solutions for intricate customer requirements, both in automotive and industrial space.

We are in an interesting phase as a company and we would bring in innovative solutions further to the Indian market, to meet the changing needs of our customers, not only for India but also for the Global Casting Industry.

On behalf of the company, I thank you for your undeterred support. We remain committed as always to enhance the shareholders value and to connect with you all in future.

Best Wishes,

Lokesh Saxena,

Managing Director,

DISA India Limited

   

Disa India Ltd Company History

Disa India Ltd.(formerly George Fisher Disa), part of Cophenhagen based Disa A/S Group, manufacturs foundry machinery like moulding plants, sand plants and shot blasting machines. The production facility of Foundary Machinery Division is at Tumkur, Karnataka and Clean Air Division is at Hosakote, Karnataka. Promoted on May 25, 1984 as BMD Industries with technical and financial participation from BMD, Germany; Vulcan Laval, Germany and KSIIDC. Internationally Disa A/S has acquired the 50% stake of George Fisher in the former JV company George Fisher Disa thus making the Disa A/S the sole owner of George Fisher Disa in 2000, the Indian operations of the former JV has also became part of Disa A/S. And subsequent to this development the name of the company is changed to Disa India Ltd. This ISO 9001 certified company's customers list include bluchip cos. like HMT, HEC, BHEL, Vulcan Laval and big casting manufacturers. Company has commenced the first phase of a new line of activity -- manufacture of control panels for its captive needs at Hoskote.

Disa India Ltd Directors Reports

The Board of Directors has pleasure in presenting the 34th Annual Report and Audited Financial Statements for the financial year ended 31st March 2019 together with the Independent Auditors' Report.

FINANCIAL RESULTS

Your company achieved for the second time in arrow an all-time high Revenue from Operations of Rs. 2,419.2 Million during the financial year 2018-19 with a growth of 23.5% over previous year. Profit after tax for the year also improved significantly by 71.1% to Rs. 277.8 Million. Summarized financial results for the year are given below.

Description 2018-19 2017-18
Revenue from Operations(net) 2,419.2 1,958.6
Profit before depreciation, tax & finance cost 419.5 273.4
Less: Depreciation 21.0 19.1
Less: Finance Cost 4.0 1.3
Less: Tax Expenses (net of deferred tax) 116.7 90.7
Profit after Tax 277.8 162.8
Add: Other Comprehensive income 1.0 1.1
Total Comprehensive income for the year, net of tax 278.8 163.9
Add: Balance in Profit & Loss account brought forward from previous year 1,069.0 910.0
Profit Available for Appropriation 1,347.8 1,073.4
Appropriations:
Final Dividend (proposed) including tax thereon 4.4 4.4
Balance in Profit & Loss Account 1,343.4 1,069.0
Earnings Per Share (Rs) 191.03 111.95
Market price per share as at March 31 (Rs) 6,220.0 6,000.2

The Company and its subsidiary have adopted Indian Accounting Standards (Ind AS) with effect from April 01, 2017 pursuant to the notification of the Companies (Indian Accounting Standard), Rules 2015 issued by the Ministry of Corporate Affairs and the financial results are Ind AS compliant.

PERFORMANCE OF THE COMPANY

Overall performance of your Company for the financial year 2018-19 improved significantly with 23.5% growth in revenue from operations and 71.1% growth in profit after tax as compared to the previous financial year 2017-18. The growth is driven by an all-time high and consistent orders inflow during the financial year, cost reduction initiatives undertaken in bringing down the manufacturing and other costs, maintaining head count and adoption of various Lean initiatives for improvement in productivity. Your Company has been able to maintain its market share in all its major product lines and expect the trend to continue going ahead.

CHANGE IN THE NATURE OF BUSINESS

There has been no change in the nature of business of the Company during the financial year.

DIVIDEND

Considering the dividend history of the Company and keeping in view the future outlook, your Board of Directors recommend a final Dividend of Rs. 2.50/- (i.e., 25%) per Equity Share of Rs.10/- each, for the year amounting to Rs. 4.4 Million including dividend distribution tax.

RESERVE

The Company has not proposed to transfer any amount to the general reserve.

SHARE CAPITAL

The Authorized Equity Share Capital of your Company is Rs. 50 Million. The Issued, Subscribed and Paid-up Equity Share Capital of your Company as on 31st March 2019 stood at Rs.14.54 Million.

During the year under review, the Company has not issued any shares with differential voting rights nor granted Stock Options or Sweat Equity. The Company has also not bought back any of its shares during the year under review. As on March 31, 2019, none of the Directors hold shares or convertible instruments of the Company.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT ECONOMIC SCENARIO AND OUTLOOK

The Indian economy is in a growing phase, and your Company has witnessed positive developments over the first three quarters in the year 2018-19 with some slowdown in the economic and industrial activities in the last quarter of the year due to general election. The GDP growth is forecasted to below 7% in next two quarters. The slowdown is expected to be temporary and the outlook for second half of the financial year 2019-20 provides positive expectations. The manufacturing PMI is expected to be above 53 and the inflation is expected to go beyond 4%.

INDUSTRY OUTLOOK AND OPPORTUNITIES

IIP & PMI have historically been good indicators for business sentiments in Capital Goods Order Intake.

The trends reported in recent quarters in Automotive industry shows a slowdown. It is expected to witness some signs of improvement post elections in all sectors of the economy. The investments planned due to the regulatory changes for stricter emission by world major automotive companies is expected to boost the industry. As your Company enters the year 2019-20, it is temporarily witnessing lower utilization of foundries, coupled with a cautious capital investment program. The customer demand has tapered down and will take some time to get to recovery path. The automotive industry is gearing up to

implement Euro Vi (BSVI) from 1st April 2020, which will impact introductions on new models and optimization of inventories during this financial year. The India automotive market is poised to grow in longer term, with the investments from global and

India players in all the automotive segments of Passenger vehicle, Commercial vehicles, Tractors and Two wheelers and the government's push on infrastructure and consumption.

MARKET DEVELOPMENT

Your Company has been leading the industry over last decades and is actively involved to bring in new technologies and products to the Indian market. These technologies are integrated well in the two world class manufacturing facilities near Bengaluru. Your Company has been meeting most of the customers' needs through products manufactured in India. The Company's approach to the Indian market is supported through innovation, speed and aftersales service for spares and equipment, which are the three most important parts of our overall offerings. This is strengthened year over year through a continuous improvement process on knowledge and manufacturing areas.

a) With the integration of Aluminium offerings from the Group, the Company has started to offer the Indian customers on Aluminium foundries as well. These offerings are Aluminium Die Casting Machines from Italpresse and Melting and Dosing furnace from Strokowestofen. These two offerings have strengthened the offer from the Group to the Indian market, and now the Company can provide solutions on both Ferrous and Aluminium foundries.

b) With the global knowhow and the local knowledge on High Pressure Molding machines, your Company has a COMPLETE FOUNDRY OFFER for the Indian market. Your Company has the capability to provide end to end solution for both green field and brown field foundries.

c) Your Company has taken an initiative to provide higher level services to meet the need for spares parts across the country by introduction of Distribution channels. The Company has introduced distributors to service the aftermarket requirements. This will help the Company to service the needs of customers faster than before. Your Company intends to expand this initiative in the FY 2019/20.

d) Your Company's unique initiative on "Parts Partnership Program" with customers has been strengthened further with new customers in the program during the year. This is a simple way to understand the customer requirements well in advance and plan for availability at the right time.

e) Your Company's Services team works closely with maintenance team of the Company's customers to improve the overall reliability of the operation, by addressing repetitive issues on unplanned downtime through a root cause analysis program. The Company shall enhance this program with new customers on board in 2019/20.

KEY RATIOS

As required by SEBI (LODR)(Amendment) Regulations, 2018, the Company is required to furnish the details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations for the changes.

The Company has identified the following ratios as Key financial ratios

Particulars

Standalone

Consolidated

2018-19 2017-18 Change% 2018-19 2017-18 Change %
Operating Profit Margin (EBITA) % 13.6% 10.2% 33% 13.6% 10.1% 35%
Net Profit Margin % 11.5% 8.2% 40% 11.4% 8.0% 43%
Debtor Turnover Ratio % 7.8% 6.2% 26% 8.3% 6.9% 21%
Inventory Turnover Ratio % 26.6% 23.3% 14% 25.9% 22.7% 14%
Earnings Per Share (Rs) 191.03 111.95 71% 196.74 114.84 71%

During the year, there have been significant changes in the following key ratios.

Improvement in Operating Profit margin for the year 2018-19 is attributable to various cost control measures taken by the Company and improvement in overall productivity. Reduction of corporate incometax rate from 30% to 25% contributed to the improvement in net profit margin. Debtors turnover ratio as at the end of the year was impacted due to certain debtors which were realized subsequent to the yearend, backed up by letter of credit.

The details of return on net worth at standalone and consolidated levels are given below:

Particulars

Standalone

Consolidated

2018-19 2017-18 Change % 2018-19 2017-18 Change %
Return on Net Worth % 20.4% 15.0% 36% 20.8% 15.3% 36%

Return on net worth is computed as net profit divided by year end net worth. Growth in Net profit has resulted in increase in return on Net worth.

CORPORATE SOCIAL RESPONSIBILITY

Your Company is committed to comply with Corporate Social Responsibility as a good corporate citizen. The Directors are pleased to report that the Company is diligently pursuing its efforts to support the community circles in which it operates. The Company's CSR program titled "NORICAN Scholarship" has helped in providing financial assistance to less privileged students up to standard twelve as well to students seeking diplomas in Engineering.

"NORICAN Scholarship" program has made scholarship available to students in eight educational institutions in the plant neighborhood of Tumkur and Hosakote in Bengaluru. During the financial year, scholarships were provided to 183 needy students. In addition, your Company also invested in infrastructure development for the schools to provide drinking water, teaching aids and school sanitation. Your Company has also extended scholarships to 51 meritorious Engineering students through an NGO 'Foundation for Excellence India Trust'.

The Company has initiated a new initiative to partner with the National Institute of Foundry and Forge Technology (NIFFT) Ranchi to provide scholarship to 5 top meritorious students every year to create Industry Academia interface to create future foundry men. This scholar ship would be named as "Jan Johansen DISAMATIC Scholarship" in the memory of Company's late Director Mr. Jan Johansen who steered the Company to be technology self-sufficient in India.

The Company's policy on Corporate Social Responsibility is available on the website of the Company at https://www. disagroup.com/en-in/investor-relations/ policies.

The Composition of CSR Committee, details of the amounts spent during the current financial year and the manner in which it was spent are provided in Annexure "A".

RISK MANAGEMENT

Your Company has formulated a Risk Management Policy and a mechanism to apprise the Board about risk assessment and mitigation procedure. It also undertakes periodical review to ensure that Executive Management Controls risks by means of properly designed risk management framework.

All the insurable assets of the Company have been adequately insured and all the insurable risks have been insured.

As an established practice, at each Meeting of the Board, the Directors are updated on risks identification and steps taken to mitigate the same. Risk Management Policy is hosted on the Company's website at https://www.disagroup.com/en-in/ investor-relations/policies.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

Your Company has a Whistle Blower Policy for vigil mechanism which is available on website of the Company at https://www.disagroup.com/en-in/investor-relations/ policies/. To the extent that complaints are raised, they are dealt with as per this policy. No complaints have been substantiated during the last year.

DIRECTORS AND KMP

The Company has three Key Managerial Persons (KMP), Mr. Lokesh Saxena Managing Director, Mr. Amar Nath Mohanty, Chief Financial officer and Mr. G. Prasanna Bairy, Company Secretary & Compliance Officer.

Mr. Andrew Thomas Carmichael has resigned from the office of Chairman and of Director with effect from July 12, 2019. Similarly, Mr. Vi raj Naidu has resigned from the office of Director.

Mr. Anders Wilhjelm, Mr. Andrew James Matsuyama and Ms. Ulla Hartvig Palthe Tonnesen were appointed as Additional Directors with effect from July 12, 2019. Their term as Additional Directors expires in this AGM and it is proposed to appoint them as Directors.

The first term of all the three Independent Directors of the Company will expire in February 2020/March 2020.The Directors are eligible for reappointment for a second term. Ms. Deepa Agar Hingorani and Mr. Sanjay Narendrakumar Arte, Independent Directors have given their consent to act as Independent Directors for the second term. Accordingly, their reappointment has been approved by the NRC and the Board at their respective meetings held on May 23, 2019 subject to final

approval by the Shareholders in this Annual General Meeting. However, Mr. Shyamal Kumar Sinha, Independent Director did not seek his re-appointment for the second term starting from March 23, 2020 owing to his personal reasons.

The Remuneration Policy of the Company for appointment and remuneration of the Directors, Key Managerial Personnel and Senior Executives of the Company and other related information have been provided in the Corporate Governance Report which forms part of this report.

Policy on appointment and remuneration of Directors and KMP is available on the website of the Company at https://www.disagroup.com/en-in/investor-relations/ policies/.

INDEPENDENT DIRECTORS

Declarations from all the Independent Directors of the Company have been received under Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence as provided in Sub-Section 6 of Section 149 of the said Act and as per the SEBI(LODR)Regulations 2015(The Listing Regulations).

Details on terms of appointment of Independent Directors and the familiarization program have been displayed on website of the Company at https://www.disagroup.com/en-in/investor- relations/policies/.

MEETINGS OF THE BOARD OF DIRECTORS

During the financial year, four (4) Meetings of the Board of Directors were held, as required under the Companies Act, 2013 and the Listing Regulations. The details of the Meetings are furnished in the Corporate Governance Report.

The Meetings of the Board are held at regular intervals with a time gap of not more than 120 days between two consecutive Meetings. The Agenda of the Meetings were circulated to Directors in advance. Minutes of the Meetings of the Board of Directors were circulated amongst the Directors for their perusal.

BOARD EVALUATION

Pursuant to the requirements of the Companies Act, 2013 and the Listing Regulations, the Board of Directors has carried out an annual evaluation of its own performance, its Committees and of individual Directors.

Further, the Independent Directors, at their exclusive Meeting held during the year reviewed the performance of the Board, its Chairman and Non-Executive Directors and other items as stipulated under the Listing Regulations. The Nomination and Remuneration Committee has reviewed the performance of the Independent Directors.

DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility Statement: -

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that year;

(c) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) the Directors had prepared the annual accounts on a going concern basis; and

(e) the Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively.

(f) the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

INTERNAL FINANCIAL CONTROL

Your Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. Internal Controls in the Company have been designed to further the interest of all its stakeholders by providing an environment which is facilitative to conduct its operations and to take care of, inter alia, financial and operational risks with emphasis on integrity and ethics as a part of work culture.

The scope and authority of the Internal Audit (IA) is defined every year by the Audit Committee. To maintain its objectivity and independence, the Internal Auditors report to Chairman of the Audit Committee and the Board. The Internal Auditors monitor and evaluate the efficacy and adequacy of internal control system in the Company and its compliance with accounting procedures, financial reporting and policies at all locations of the Company. Based on the report of internal audit, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Any significant audit observations and corrective actions thereon are presented to the Audit Committee and the Board. No major internal control weakness was identified during the year. The Company also has a well-functioning Whistle Blower Policy in place.

DEPOSITS

Your Company has neither accepted nor renewed any Deposits from the public within the meaning of the Companies Act, 2013 as such, no amount of principal or interest was outstanding on the date of the Balance Sheet and also on the date of this Report.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

Your Company has one Wholly Owned Subsidiary "Bhadra Castalloy Private Limited" (Formerly, Bhadra Castalloys Private Limited).

The performance of Subsidiary during the financial year 2018-19, being the third year of operation has been quite satisfactory. The audited financial results of the Wholly Owned Subsidiary for the financial year ended March 31, 2019 are consolidated with the financial results of Company for the financial year. The Net Sales and the Profit after tax of the Subsidiary Company were Rs.113.0 Million and Rs.8.0 Million respectively.

Consolidated net Revenue from Operations of the Company crossed Rs. 2,500 Million during the year.

Statement relating to Subsidiary Company in Form AOC-1 is part of this report.

Your Company did not have any Joint Venture or Associate Company as at the end of the financial year.

RELATED PARTY TRANSACTIONS

All related party transactions which were entered into during the financial year were in the ordinary course of business, on an arm's length basis and were as per prior approvals of the Audit Committee. There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company at large.

All the related party transactions were placed before the Audit Committee as well as the Board for approval. Prior omnibus approval of the Audit Committee was obtained on a yearly basis for the transactions which are of a foreseen and repetitive nature. The transactions entered into pursuant to the omnibus approval so granted are audited and a statement giving details of all related party transactions is placed before the Audit Committee and the Board of Directors for their noting/approval on quarterly basis. The details of all related party transactions are disclosed in the SI. No.39 of the Notes forming part of the Financial Statements.

None of the Directors has any pecuniary relationships or transactions vis-a-vis the Company.

Form for disclosure of particulars of contracts/arrangements entered into by the Company with related parties in Form AOC-2 is part of this report.

The Policy on related party transactions as approved by the Board is uploaded on the Company's website and the details of all the related party transactions are disclosed in the financials. None of the Directors has any pecuniary relationships or transactions vis-a-vis the Company. The 'Related Party Transaction Policy' is available on website of the Company at https://www.disagroup.com/en-in/investor-relations/ policies.

GROUP COMPANIES

Persons constituting Group coming within the definition of "Group" as defined in the Competition Act, 2002 includes the following:

Sl. No. Name of Subsidiary Country
1 WGH Holding Corp British Virgin Islands
2 Wheelabrator Group
(Canada) ULC Canada
3 DISA (Changzhou)
Machinery Ltd. China
4 DISA Trading (Shanghai)
Co. Ltd. China
5 Italpresse Industrie
(Shanghai) Co. Ltd. China
6 Kunshan Italpresse Die-
Casting Equipment Co Ltd China
7 StrikoWestofen Thermal
Equipment (Taicang) Ltd. China
8 Wheelabrator Czech S.r.o. Czech Republic
9 DISA Holding A/S Denmark
10 DISA Holding II A/S Denmark
11 DISA Industries A/S Denmark
12 DISA Management
Services ApS Denmark
13 Norican A/S Denmark
14 Norican Global A/S Denmark
15 Norican Group ApS Denmark
16 Norican Holdings ApS Denmark
17 Wheelabrator Group SAS France
18 DISA Industrieanlagen GmbH Germany
19 Light Metal Casting
Equipment GmbH Germany
20 Light Metal Casting
Solutions Group GmbH Germany
21 LMCS Group Holding GmbH Germany
22 Norican Digital GmbH Germany
23 OFT Oberflachentechnik
Maschinen und Werkzeuge Handels Gmbh Germany
24 StrikoWestofen GmbH Germany
25 SWO Holding GmbH Germany
26 Wheelabrator Berger
Stiftung GmbH Germany
27 Wheelabrator Group GmbH Germany
28 Wheelabrator Group
Holding GmbH Germany
29 Wheelabrator OFT Gmbh Germany
30 DISA Limited Hong Kong Hongkong
31 Bhadra Castalloy Private Limited India
32 DISA India Ltd. India
33 DISA Technologies Private Ltd. India
34 Gauss Automazione S.p.A. Italy
35 Italpresse France S.a.r.l. Italy
36 Italpresse Industrie S.p.A. Italy
37 Walter Trowal Sa.r.l. Italy
38 DISA K.K. Japan
39 IP Mexico Die Casting
S.A. de C.V. Mexico
40 StrikoWestofen de Mexico,
S.A. de C.V. Mexico
41 WG Plus de Mexico
S de RL de CV Mexico
42 WG Plus Servicios
S de R. I de CV Mexico
43 SWO Polska Sp. Z.o.o. Poland
44 Wheelabrator Schlick
Sp. Z.o.o. Poland
45 Wheelabrator Group SLU Spain
46 DISA Holding AG Switzerland
47 DISA Industrie AG Switzerland
48 Striko UK Ltd. United Kingdom
49 WGH UK Holdings Limited United Kingdom
50 WGH UK Ltd. United Kingdom
51 Wheelabrator Group Ltd. United Kingdom
52 Wheelabrator Technologies
(UK) Ltd. United Kingdom
53 Bob Schmidt, Inc. United States
54 Castalloy, Inc. United States
55 DISA Holding LLC United States
56 DISA Industries, Inc. United States
57 Italpresse of America, Inc. United States
58 Schmidt Manufacturing, Inc. United States
59 StrikoWestofen Dynarad
Furnace Corp. United States
60 WG Global LLC United States
61 Wheelabrator (Delaware) LLC United States
62 Wheelabrator Group, Inc. United States
63 Abrasive Developments Ltd. United Kingdom
64 Impact Finishers Ltd. United Kingdom
65 Matrasur Composites SAS France
66 Spencer & Halstead United Kingdom
67 Surface Preparation
(Gibraltar) Ltd. Gibralter
68 Vacu-Blast International United Kingdom

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY, BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT

There were no material changes and commitments between the end of the financial year and the date of the report, which affects the financial position of the Company.

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN, OR SECURITY PROVIDED BY THE COMPANY

Your Company has made an investment of Rs.44 Million in the Equity Share Capital of its Wholly Owned Subsidiary Company, Bhadra Castalloy Private Limited. It has extended interestbearing intercompany demand loan of Rs 26 Million for the purpose of financing the purchase considerations paid for acquisition of the foundry by the Subsidiary. The Company had also given a Corporate Guarantee of Rs. 35 Million to Kotak Mahindra Bank on behalf of its subsidiary for providing banking facilities. The above Investment in equity, loan extended and guarantees given are well within limits prescribed under the provisions of Section 186 of the Companies Act, 2013.

STATUTORY AUDITORS

Pursuant to provisions of Section 139 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, the Company at its 33rd Annual General Meeting held on August 9, 2018 had appointed Messrs Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company for a second and final term of 5 years from the financial year 2018-19 to 2022-23.

During the year, the statutory auditors have confirmed that they satisfy the independence criteria as per Companies Act, 2013 and Code of ethics issued by the Institute of Chartered Accountants of India.

COST AUDITORS

Pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Amendment Rules, 2014, the cost records maintained by the Company in respect of its activity are required to be audited. Your Directors have, in their Meeting held on May 24, 2018 based on the recommendation of the Audit Committee, appointed Messrs Rao, Murthy & Associates, Bengaluru as Cost Auditors of the Company for the financial year ended 31st March 2019. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Mr. Vijayakrishna KT, Bengaluru, a Company Secretary in Whole Time Practice to undertake the Secretarial Audit of the Company. The Report of the Secretarial Auditor is annexed in Annexure-B.

EXPLANATION BY BOARD ON ADVERSE COMMENTS BY AUDITORS

There were no adverse comments by the Auditors of the Company and hence, no explanations are provided.

CORPORATE GOVERNANCE

As required under the Listing Regulations, certificates from Mr. Vijayakrishna KT, Practising Company Secretary, regarding compliance with conditions of Corporate Governance as well as a confirmation [as required by Schedule V Part C (10)(i)] that none of the directors on the board of the company have been debarred or disqualified from being appointed or continuing as directors of companies by the Board/Ministry of Corporate Affairs or any such statutory authority are annexed as Annexure C.

As required under SEBI(LODR) Regulations, 2015, a report on Corporate Governance and a Certificate from Mr. Vijayakrishna K T, Practising Company Secretary, regarding compliance of conditions of Corporate Governance are annexed as Annexure - C and Annexure - D.

As required by SEBI (LODR)(Amendment) Regulations, 2018, 'Annual Secretarial Compliance Report' issued by Mr. Vijayakrishna KT, Practising Company Secretary has been filed with BSE on May 29, 2019.

Further, in compliance with the Listing Regulations, your Board has adhered to the Corporate Governance Code. All the requisite Committees are functioning in line with the guidelines.

As reported earlier, a reputed firm of independent Chartered Accountants has been carrying out the responsibilities of Internal Audit of the Company and periodically reporting their findings of systems, procedures and management practices.

INDUSTRIAL RELATIONS

Industrial relations have been cordial and constructive, which have helped your Company to achieve production targets. The Company's three year long term agreement with the workmen union expired on September 30, 2018. After several rounds of cordial negotiation, the next three year long term agreement is in the process of finalization which will be effective from October 01,2018 to September 30, 2021.

RESEARCH AND DEVELOPMENT, CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

CONSERVATION OF ENERGY

Your Company gives highest priority to conservation of energy through better supervision and training of employees to reduce the usage of electricity.

RESEARCH AND DEVELOPMENT, TECHNOLOGY, ABSORPTION, ADAPTATION AND INNOVATION

Your Company has been continuously seeking and adapting new technology from Principals in order to develop skills locally and meet specific needs of Indian and global customers. Personnel at all levels are routinely sent to Principal's factories and design offices abroad for training and updating their skills.

FOREIGN EXCHANGE EARNINGS AND OUTGO

The Company earned Rs 128.9 Million of foreign exchange and expended Rs 412.3 Million foreign exchange during the financial year under review.

EXTRACT OF ANNUAL RETURN

Pursuant to Section 92(3) of the Companies Act, 2013 and the Companies (Management and Administration) Rules, 2014, a copy of the annual return is provided as Annexure E to this Report.

MATERIAL ORDER PASSED BY ANY COURT OR REGULATOR OR TRIBUNALS IMPACTING GOING CONCERN STATUS OF COMPANY

There were no orders passed by any Court or Regulator or Tribunal during the year under review which impacts the going concern status of the Company.

DISCLOSURE RELATING TO REMUNERATION OF EMPLOYEES

The particulars of employees as required by Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in 'Annexure - F' forming part of this Report.

During the year, there was one employee receiving remuneration exceeding Rs. 1,02,00,000/- (Rupees One Crore Two Lakhs only) per annum and/or Rs.8,50,000/- (Rupees Eight Lakhs Fifty Thousand only) per month. The details are as under:

Remuneration

Name of the employee Designation (in Rs. Million)

Mr. Lokesh Saxena Managing Director 10.78

There were no employees posted and working in a country outside India, not being Directors or relatives, drawing more than the amount prescribed under the Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Hence, the details are not required to be circulated to the Members and also not required to be attached to this Annual Report.

The statement containing names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for inspection at the Registered Office of the Company. Any Member interested in obtaining a copy of the same may write to the Company Secretary.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a Gender-Neutral Policy on Zero Tolerance towards Sexual Harassment at Workplace in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this Policy.

The following is a summary of sexual harassment complaints received and disposed off during the financial year 2018-19:

No of complaints received: NIL. No. of complaints disposed off: NIL

ACKNOWLEDGEMENT

Your Directors place on record the appreciation for valuable contribution made by employees at all levels, active support and encouragement received from the Government of India, the Government of Karnataka, Company's Bankers, Customers, Principals, Business Associates and other Acquaintances.

Your Directors recognize the continued support extended by all the Shareholders and gratefully acknowledge with a firm belief that the support and trust will continue in the future also.

For and on behalf or the Board or Directors
Date: July 12, 2019 Sanjay Arte Chairman
Place: Bengaluru DIN:010007l6

FORM AOC-1

Statement pursuant to first proviso to sub-section (3) of Section 129 of the Companies Act, 2013 read with rule 5 of the Companies (Accounts) Rules, 2014 relating to Subsidiary Company for the year ended March 31, 2019

(Rs. In Million)

Sl. No. Particulars Details
1 Name of the Subsidiary

(Formerly, Bhadra Castalloy Private Limited)

Bhadra Castalloy Private Limited
2 Reporting period for the subsidiary concerned, if different from the holding Company's reporting period April to March same as holding company's reporting period
3 Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries Indian Rupees & Indian Subsidiary
4 Share capital 44.00
5 Reserves & surplus 14.10
6 Total assets 114.00
7 Total Labilities 114.00
8 Investments 0.00
9 Turnover 112.60
10 Profit before taxation 11.30
11 Provision for taxation 3.00
12 Profit after taxation 8.30
13 Proposed Dividend 0.00
14 % of shareholding 100%

FORM NO. AOC-2

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in subsection (1) of Section 188 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto for the year ended March 31, 2019

(Pursuant to clause (h) of sub-section (3) of Section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

1. Details of contracts or arrangements or transactions not at arms length basis: N.A.

2. Details of material contracts or arrangement or transactions at arms length basis:

Date of the Board Meeting in which transactions were approved: August 9, 2018, November 13, 2018, February 7, 2019 &

May 23, 2019.

Sl. No.

Name(s) of the related party and nature of relationship

Nature of contracts/ arrangements/transactions

Duration of the contracts/ arrangements/ transactions

Salient terms of the contracts or arrangements or transactions including the value, if any

Rupees in Million

1

DISA Industry AG

Royalty Paid

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

7.91

2

DISA Technologies Pvt Ltd

Service Fees Paid

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

6.42

3

DISA Industries A/S Denmark

Royalty Paid

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

27.18

4

DISA Industries A/S Denmark

Service Fees Paid

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.34

5

DISA Industries A/S Denmark

Import of Materials

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

202.31

6

DISA Industries A/S Denmark

Sale of Goods

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

27.14

7

DISA Industries A/S Denmark

Service Income

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

1.42

8

DISA Industries A/S Denmark

Reimbursement of Expenses

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.78

9

DISA Industries A/S Denmark

Commission Received

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

10.65

10

DISA K K Japan

Sale of Goods

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.33

11

DISA (Changzhou) Machinery Ltd

Import of Materials

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

24.43

12

DISA (Changzhou) Machinery Ltd

Sale of Goods

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

3.48

13

DISA (Changzhou) Machinery Ltd

Service Income

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.67

14

DISA (Changzhou) Machinery Ltd

Royalty Received

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

1.84

15 Wheelabrator Czech s.r.o.

Import of Materials

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

29.23
16 Wheelabrator Czech s.r.o.

Service Income

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.47
17 Wheelabrator Group GMBH

Royalty Paid

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

2.31
18 Wheelabrator Group GMBH

Service Income

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.46
19 Wheelabrator Group USA

Import of Materials

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

3.08
20 Wheelabrator Group USA

Reimbursement of Expenses

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

(0.26)
21 Wheelabrator Group USA

Service Income

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

3.87
22 StrikoWestofen GmbH

Reimbursement of Expenses

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

0.06
23 DISA Industries Inc

Sale of Goods

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

1.17
24 Norican A/S

Group Management services Fees

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

27.27
25 Norican A/S

Group IT Fees

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

49.52
26 Norican A/S

Reimbursement of Expenses

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

1.21
27 Bhadra Castalloy Pvt Ltd

Purchases

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

15.10
28 Bhadra Castalloy Pvt Ltd

Reimbursement of Expenses

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

1.21
29 Bhadra Castalloy Pvt Ltd

Interest on Loan Received

Ongoing

Transactions based on information placed before Audit Committee while seeking 'Omnibus Approval'.

2.47

 

By the order of the Board
Date: July 12, 2019 Sanjay Arte Chairman
Place: Bengaluru DIN: 01000716

   

Disa India Ltd Company Background

Sanjay ArteLokesh Saxena
Incorporation Year1984
Registered OfficeKushal Garden Arcade 5th Floor,1A Peenya Indl Area 2nd Phase
Bangalore,Karnataka-560058
Telephone91-80-40201400-04,Managing Director
Fax91-80-28391661
Company SecretaryG Prasanna Bairy
AuditorDeloitte Haskins & Sells
Face Value10
Market Lot1
ListingBSE,
RegistrarIntegrated Enterprises (I) Ltd
No. 30 Ramana Resid.,4th Cross Sampige Rd,Malleswaram,Bangalore - 560003

Disa India Ltd Company Management

Director NameDirector DesignationYear
Deepa Hingorani Independent Director 2019
Sanjay Arte Chairman & Independent Directo 2019
Shyamal Sinha Independent Director 2019
Lokesh Saxena Managing Director 2019
G Prasanna Bairy Company Secretary 2019
Anders Wilhjelm Director 2019
Andrew James Matsuyama Director 2019
Ulla Hartvig Plathe Tonnesen Director 2019

Disa India Ltd Listing Information

Disa India Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Machinery NA 000180.28
Machinery Parts NA 00036.89
Machinery Parts - Traded NA 00020.29
Services NA 0002.46
Other Operating Income NA 0002
Sale of Products NA 0000
Excise Duty NA 0000
Dust Collectors No 0000
Foundry Mould.& Shot Blast MacNo 0000
Mould Handling Systems-Equip. NA 0000
Spares NA 0000
Electric Control Panels No 0000

Contact us