THURSDAY, 23 JULY 2020

28 pages in 2 sections www.business-standard.com

MUMBAI
~9.00
VOLUME XXIV NUMBER 235

THE MARKETS ON WEDNESDAY chg#

Sensex 37,871.5 q 58.8

Nifty 11,132.6 q 29.7
Nifty Futures* 11,110.5 q 22.0 ECONOMY & PUBLIC AFFAIRS P6 BACK PAGE P18
Dollar
Euro
Brent crude ($/bbl)
~74.8
~86.1
43.2##
~74.8 **
~85.5 **
43.7 **
PM SELLS REFORMS STORY AMBANI BECOMES 5TH RICHEST
Gold (10 gm)### ~49,980.0
*(July) Premium on Nifty Spot; **Previous close;
# Over previous close; ## At 9 pm IST;
p ~738.0
TO US BUSINESSES AS RIL M-CAP TOPS ~13 TRN
### Market rate exclusive of VAT; Source: IBJA P U B L I S HE D S I MU L T A N E OUSL Y F R O M AH M E D AB AD , B ANG AL O R E , B H UB ANE SW AR , CH AND I G AR H , CH E NNAI , H Y D E R AB AD , K OCHI, K OL K ATA, L UCK N OW , MUMBA I, N E W DE L HI AN D P UN E

GLOBAL COVID
VIRUS
TRACKER TALLY NEARS
15-MN MARK Govt hints at Non-stop liquidity tap keeps
Total 1,192,915
INDIA
é37,724
fiscal steps markets buoyant for now
Active cases Recovered Deaths Gold prices hit
411,133 753,049 28,732
SAMIE MODAK & SUNDAR SETHURAMAN
Mumbai/Thiruvananthapuram, 22 July ON EASING
é 8,604

WORLDTotal
14,982,950
é28,472 é 648
Note: Total cases
include 1 migration;
figures as of 9:00 pm
IST; Sources: Ministry
of Health and Family
after vaccine
CEA says difficult to become third-largest
Equity markets across the world are having
a dream run, thanks to aggressive stimulus
measures by central banks.
Most global indices have managed to
PATH
G4 central
banks to expand
balance sheet by
~50K for first time
Gold and silver on Wednesday
crossed ~50,000 and ~60,000
levels, respectively, in both
physical and futures markets

Deaths
617,415
Welfare; Johns
Hopkins Coronavirus
Resource Centre;
arrow shows economy with current health of banks
overcome deep losses suffered in March,
amid the Covid-19 pandemic, to trade in
the green on a year-to-date (YTD) basis. On
$12 trn before clawing down a bit.
At the popular Zaveri Bazar in
the city, the yellow metal
1-day change
Wednesday, the benchmark Nifty closed at Size ($ trn) opened over ~50,000 per 10
INDIVJAL DHASMANA 11,133 — the index is currently just 8.5 per gram, while silver over
New Delhi, 22 July cent down on YTD basis and 10 per cent ~60,000 a kg.
shy of a new all-time high. Standard gold
NFRA BARS FORMER
C
hief Economic Advisor It managed to make giant strides despite closed at
Bank of
Krishnamurthy Subramanian the unprecedented economic shock follow-
6.2 3.6 England ~49,980 per
DELOITTE HEAD FROM hinted on Wednesday that the
next set of fiscal measures could be
ing the lockdown. The Indian benchmarks
have rebounded 47 per cent from their
US Federal European
10 gram. 12 >

AUDITING FOR 7 YRS announced after a vaccine was devel- March lows, having gained 27 per cent in Reserve Central Bank 1.3 0.9
The National Financial Reporting Authority
oped against Covid-19. The vaccine, he
said, would end uncertainty, prompt-
the past two months. The V-shaped
rebound has been aided by a gush of liquid-
Enter markets
Bank of
(NFRA) has imposed a penalty of ~25 lakh ing people to spend money on discre- ity flooding the global financial system,
Sources: Fed, ECB, BoJ, BoE, Haver Analytics,
Morgan Stanley Research forecasts Japan gradually: Tyagi
on former Deloitte partner Udayan Sen, tionary consumption. thanks to balance sheet expansion — espe- Lured by a sharp rally in stock
with respect to the IL&FS Financial Services Subramanian also said the goal to cially by central banks of the G4 bloc. THE GREAT REBOUND prices, small investors are
(IFIN) statutory audit case. It has also become the third-largest economy in Concerns have surfaced regarding The Nifty50 index is on course to touch its entering markets in droves.
slapped on him a 7-year ban from being the world could not be achieved with further expansion in the US Fed’s B/S, fol- pre-Covid highs Ajay Tyagi, chairman,
appointed an auditor or internal auditor of the current health of banks. He urged lowing a rapid ramp-up this year (which Securities and Exchange Board
any company. Further, Sen cannot banks to use technology and data ana- had helped shore up markets). However, of India, however,
undertake any audit of financial lytics for large corporate borrowings to the easy money trade could sustain well has a word of
statements or internal audit of functions reduce defaults. “It (fiscal support) is into the next year, predict experts. The caution or them
and activities of any firm, owing to not a matter of 'if' but 'when'," he said at European Union announced a $850-billion — make a gradual
professional misconduct. 6> a Ficci event, replying to a question on recovery fund on Tuesday. Other G4 peers entry, understand
further measures from the government. including the Fed, Bank of Japan (BoJ), and the risks, and take
He said the Covid vaccine was not Bank of England (BoE), are expected to fol- well-informed
COMPANIES P3 far-off. “The right point will be when low suit. Turn to Page 15 > Sources: Exchange decisions. 12 >
KRISHNAMURTHY SUBRAMANIAN
L&T’s pre-tax profit vaccines come and thereby uncer-
tainty goes down. I think that time will
Chief Economic Advisor
plunges 66% in Q1 be very right for the fiscal push, which
“IT (FISCAL SUPPORT)
L&T saw its profit before tax (PBT) crash 66
per cent year-on-year in the June 2020
quarter (Q1), hurt by the lockdown. The
management refused to provide any
will really generate demand even for
discretionary items," he said.
While all eyes are on whether the
Indian Council of Medical Research
IS NOT A MATTER OF 'IF'
BUT 'WHEN'"
Direct tax refunds down 10%
guidance. However, executives indicated a
revenue ramp-up would take a couple of
(ICMR) comes out with the vaccine by
August 15, its chief, Balram Bhargava,
Only withheld refunds where assessee reply is awaited, says CBDT
quarters more. last week said human trials of the vac- "TILL WE HAVE DILASHA SETH tax demands are there. Refunds can be
cine had begun at different sites, each UNCERTAINTY, EVEN IF New Delhi, 22 July blocked during scrutiny according to a
of which would do clinical testing on provision in the I-T law,” explained a
COMPANIES P3 1,000 volunteers. “Sixty per cent of vac- PEOPLE HAVE MONEY IN Direct tax refunds are down 10 per CBDT official.
S&P may downgrade cines supplied in the world are of the
Indian origin... Any vaccine candidate
THEIR POCKETS, THEY cent, compared to the same period last
year, despite the central government’s
Some tax officers attribute the
decline to thin attendance during lock-
Future Retail to default produced in any part of the world will MAY DECIDE TO KEEP IT efforts to expedite these amid the down, delaying clearance of large
S&P Global Ratings on Wednesday warned
that it would downgrade Future Retail to
have to be scaled up by India or China.
We are putting all our efforts to fast
IN THEIR BANK" Covid-19 pandemic.
Refunds, or cash outflow from the
refunds that require officers’ approval.
The sum also includes adjustment
default category due to liquidity pressure track the vaccine," Bhargava had said. income-tax (I-T) department, stood at made by the department for outstand- LOWER CASH OUTFLOW
faced by the company, depressed operating The CEA said the government was as these accounts had very high mar- ~74,000 crore up to July 18 this fiscal, ing demand for other years.
For period Apr 1-Jul 18 in ~ cr
cash flow and delays in disbursement of willing to do whatever was necessary ginal propensity to consume. against ~82,000 crore worth of refunds “Whenever there is a tax demand
credit lines from banks. in terms of fiscal support, but the tim-
ing was extremely important. “Till we
“Demand is important, countercy-
clical policy is important, but the tim-
disbursed in the same period last year.
According to a senior Central Board
pending against a taxpayer for earlier
years, the refund is processed but
2019-20 82,000
PER SONAL FINANCE:
have uncertainty, even if people have ing is also as important to ensure value of Direct Taxes (CBDT) official, refunds adjusted against earlier demand, which 2020-21 74,000
money in their pockets, they may for money spent,” he added have been held up in only cases where might have been challenged by the tax-
When broke, apply for decide to keep it in their bank," he said. Finance Minister Nirmala response is awaited from assessees payer before appellate authorities. NET DIRECT TAX COLLECTION*
bankruptcy 13 > To buttress his point, he said cur- Sitharaman had said on Tuesday that and/or where cases have been picked Refunds are issued technically in these
But it has to pass a tough judicial test due rently the money given through the the government was open to taking up for scrutiny. cases of adjustment, but do not result in ~1.83 trn ~1.40 trn
to archaic laws. BINDISHA SARANG writes Pradhan Mantri Jan Dhan Yojana more actions to boost economic “Refunds are held up where reply is actual outgo from the government,” said 2019-20 2020-21
(PMJDY) was not spent but saved, even recovery. Turn to Page 15 > awaited. Besides, there are cases where the official quote earlier. Turn to Page 15 > *Till July 7 Source: Govt officials

> RESULTS RECKONER

Quarter ended Jun 30, 2020; common sample
95 companies (results available of 102 )
BANKS, UNIONS AGREE TO 15% WAGE HIKE
SALES PSB staff Bank managements and on pay slip components
trade unions on (annually),” according to a
Jun 30, ’19 14.1% ~2.36 trillion ì to get
Wednesday agreed on a 15 memorandum of
performance
Jun 30, ’20 -1.6% ~2.33 trillion î -linked pay per cent hike in the existing understanding between the
wage bill of 35 lenders, Indian Banks’ Association
PROFIT BEFORE TAX for the first along with a first-of-its- and the United Forum of
Jun 30, ’19 10.7% ~53,899 cr ì time kind performance-linked Bank Unions, representing
Jun 30, ’20 -6.1% ~50,593 cr î incentive (PLI) for state- workmen unions and
owned banks. “The annual officers’ associations. The
NET PROFIT wage increase in salary and wage revision will be
Jun 30, ’19 10.9% ~37,787 cr ì allowances is agreed at 15 effective from November 1,
Jun 30, ’20 -1.0% ~37,426 cr î per cent of the wage bill as 2017, and will benefit
Companies with zero sales excluded; given the change in corporation
of March 31, 2017, which around a million bank
tax rates, to give a fair comparison the profit before tax has been works out to be ~7,898 crore employees. 6>
considered; compiled by BS Research Bureau ; Source: Capitaline

Testing times for plasma banks

as demand goes through the roof
The first of a two-part series looks at challenges involved in plasma therapy
RUCHIKA CHITRAVANSHI & SOHINI DAS plasma...Thankfully, my mother-in-law
New Delhi/Mumbai, 22 July responded to the therapy and is now out
of critical care,” Singh said.
As his mother-in-law, a Covid-19 patient, While Singh was lucky when a neigh-
started developing breathlessness, bour’s friend came to his rescue, the
Gurugram-based management huge demand for blood plasma
professional Sumit Singh ever since it became an off-label
(name changed) sent out an treatment has far exceeded the
SOS on social media to find a present supply.
plasma donor. “The phone does not stop ring-
WHO ARE INELIGIBLE It took him two days to find
an eligible donor to get two units
ing. We are constantly getting

FOR DONATION of plasma, one from Delhi Plasma

PLASMA requests for plasma...We are trying
our best to meet the demand and
| People with weight | Those with Bank and the other from a RELIEF
providing plasma on a replace-
less than 50 kg blood
Pitampura blood bank. While I ment basis,” said Dr Meenu
one asked for a replacement Bajpai, transfusion medicine spe-
pressure donation, the other charged Rs 18,000 cialist at the Institute of Liver and Biliary
| Females who have more than
ever been pregnant 140, and for a single unit of plasma. Sciences where Delhi’s first plasma bank
“Plasma therapy can only start if your has been started.
| Diabetics on diastolic test reports are positive and my mother- Turn to Page 15 >
insulin reading less in-law’s tests came negative twice before
than 60 or we tried another lab...Many people are ‘CLINICAL CURE’ IN 4 DAYS: GLENMARK’S
| Cancer survivors more than 90 apprehensive about donating PHASE 3 COVID TRIAL SHOWS PROMISE P18
2 COMPANIES MUMBAI | THURSDAY, 23 JULY 2020

STOCKS > Muthoot Finance

M-cap crosses ~50K-cr
> Axis Bank
Q1 gross NPA stood at
> Hindustan Unilever
Q1 PBT down 7% to
> Dhanuka Agritech
Board approves share
> IndiaMART InterMESH
Q1FY21 EBIT margin
IN THE NEWS mark for the first time 4.72% against 5.25% ~2,442 cr against ~2,620 cr buyback at ~1,000 per stood at 48%, up
in the year-ago quarter in the year-ago quarter share through tender offer from 25% in Q1FY20

~1,315.15 CLOSE ~479.05 CLOSE ~2,248.20 CLOSE ~890.10 CLOSE ~2,258.05 CLOSE
* OVER PREVIOUS CLOSE  6.71% UP* 7.36% UP* 3.05% DOWN*  8.56% UP*  4.85%% UP*
> .

IN BRIEF
GPay does not need RBI Promoter-defaulters to soon Refund ~833 cr
authorisation: Google to HC to Voda Idea,
Google India has told the Delhi High Court
that its Google Pay app does not require
RBI authorisation as it is not a payment
system operator (PSO) but a third party
face crackdown by lenders SC tells I-T dept
application provider. Google, in an With apex court’s backing, banks to speed up enforcing personal guarantees INDIVJAL DHASMANA &
affidavit, has said the PSO authorised by ILLUSTRATION: AJAY MOHANTY
MEGHA MANCHANDA
the Reserve Bank of India (RBI) is the National Payment Corporat- DEV CHATTERJEE & RAGHU MOHAN New Delhi, 22 July
ion of India (NPCI) which is the owner and operator of the entire Mumbai, 22 July
unified payment interface (UPI) network. NPCI, in turn, authorises In a relief to Vodafone Idea,
the payment service provider banks and third party application

P
romoters of loan defaulting com- the Supreme Court (SC) on
providers (TPAPs) like Google Pay to conduct transactions on its panies will soon face increased Wednesday dismissed the
network, the affidavit said. The affidavit was filed in response to a pressure to repay as banks get ready petition filed by the finance
PIL which has alleged that Google''s mobile payment app, Google to invoke their personal guarantees. ministry against the Bombay
Pay or GPay in short, was facilitating financial transactions without The Supreme Court asked the finance high court order that had
the requisite authorisation from RBI. PTI< ministry on Tuesday to respond to a directed the revenue depart-
public interest petition seeking discipli- ment to refund ~833 crore to
nary action against public sector banks for the cash-strapped telecom
Punit Goenka steps Nike job cuts to not invoking personal guarantees of company. The refund was This relief is, however, a
down as director cost up to $250 mn promoters and directors of firms default- held by the income tax (I-T) drop in the ocean for Voda
ing to large loans. department citing possible Idea, which is grappling
of Zee Media in one-time charge The ministry is expected to come out future demands. with a huge adjusted
Zee Media said on Wednesday JobcutsatNikewillcostit with a circular on the matter soon. "Banks Earlier this month, the gross revenue payment
Punit Goenka has resigned as the between$200-$250millionasthe will now be forced to invoke personal high court had ruled that such
company's director. Citing the
reason, Zee said it was on account
world’slargestathleticbrand
refocusesonsellingdirectlyto
guarantees and will not treat promoters
with kid gloves," said a banker.
CRACKING THE WHIP a power did not exist at the
time of the assessment year
Telecommunications (DoT).
On Monday, the SC struck
of his preoccupation.Goenka is consumers.Nike’sstrategyshift Promoters of firms such as Jaypee, | IBC gives more | Banks can enforce | PSU banks are | Several 2014-15, to which the case per- down the telecom companies’
the managing director and comesasthepandemicexpedites Alok Industries, Lanco, Videocon, and power to banks to personal guarantee expediting enforcing erring tained. The revenue depart- demand seeking reassessment
chief executive officer of Zee arethinkofphysicalstorefronts Bhushan Steel, to name a few, had given enforce personal even when IBC is promoter’s promoters will ment filed a special leave peti- of the AGR dues by the DoT.
Entertainment Enterprises. PTI< thathadalreadybeenbubbling personal guarantees to avail of large loans. guarantee suspended guarantees face action tion against the high court The telelcom firm had plead-
foryears. BLOOMBERG< Several former promoters — includ- order in the apex court. ed with the SC saying that the
ing Naresh Goyal of Jet Airways, Arvind “It has to be noted that huge AGR payout would force
Hindustan Zinc Dham of Amtek Auto, and Sanjay Singal of a recovery suit, the DRT may issue decree appellate authority till March end. now we have Section 241A the company to shut opera-
elevates Arun Mishra Qatar Airways Bhushan Power & Steel — had also given but that, too, after long spell. Even after While the government decided to sus- under the I-T Act, which gives tions, which would have a bear-
CEO from August 1 seeks $5 billion personal guarantees. Vijay Mallya, former that, decree loses its value as recoveries pend initiation of new IBC cases, suspen- such power to tax officers. ing on its 11,000 employees.
promoter of now-defunct Kingfisher rarely happen from personal guarantees," sion of insolvency process against per- However, that section was not The SC on October 24,
Hindustan Zinc on Wednes- over airspace ban Airlines, had done the same. the banker said. sonal guarantors to a company hasn’t applicable to the year in ques- 2019, upheld DoT’s definition
day announced elevation of QatarAirwaysisseekingatleast On June 12, the State Bank of India Another top executive with a private been announced. tion (2014-15 assessment of AGR, ending the 14-year-
Arun Misra as its CEO. He has $5billionfromtheUnitedArab (SBI) invoked personal guarantees of Anil bank said: "Personal guarantees are useful “Accordingly, if directors or promot- year),” said Amit Maheshwari, old legal battle between tele-
been the deputy chief exec- Emirates,Bahrain,SaudiArabia, Ambani in NCLT Mumbai after Reliance in the sense that it is used as a threat for ers of a company have provided per- tax partner at AKM Global, com operators and the gov-
utive officer in the firm since andEgyptforstoppingitfrom Communications was sent to the court recovery of loans. A guarantor comes for- sonal guarantees to its lenders, they consulting firm. ernment. On June 11, the apex
November 2019 and will take usingtheirairspace.Theystarted for debt resolution last year. ward to pay up in some cases. So, it has may still be taken to the insolvency The refund amount court had directed Bharti
the office effective 1st August fourinternationalinvestment The matter is pending in the NCLT some deterrent value." court under Part III of the IBC,” said increased from ~733 crore to Airtel and Vodafone Idea to
2020. He succeeds Sunil Dug- arbitrationsthat“seekredressfor and is likely to become a test case for In November, an amendment to the Sonam Chandwani, managing partner, ~833 crore after rectification. file a reply on the payment
gal, who is now leading the theblockadingstates’actionsto recovery of loans. insolvency code of 2016 was made to KS Legal & Associates. This relief is, however, a road map, time frame, and
Group Company Vedanta as removeQatarAirwaysfromtheir SBI's action came after Chinese banks include the personal guarantees of pro- The present embargo does not extend drop in the ocean for securities.
the chief executive officer. marketsairspace,”accordingto won an award in London court against moters to quicken the recovery process. to legal recourses accorded under Vodafone Idea, which is grap- The share of Vodafone
Misra brings with him 31 years astatement. BLOOMBERG< Ambani after enforcing his guarantees in On an average, banks are recovering Sarfaesi Act and Negotiable Instruments pling with a huge AGR (adjust- Idea rose 2.65 per cent to close
having held several lead- the UK court. only 45 per cent of their dues from the Act, and creditors can take possession ed gross revenue) payment. at ~8.53 on the BSE on
ership roles. BS REPORTER< According to senior public sector bankrupt companies. and sell immovable properties under The SC has ordered the Wednesday. The telecom firm,
ByteDance set to bankers, personal guarantees are invoked After the apex court’s prodding, ana- Sarfaesi or file a criminal complaint for company to pay ~50,399 crore which still needs to pay over

Alembic Pharma invest in education as a standard procedure in most of the lysts said banks would be forced to take dishonoured cheques for recovery of out- as AGR payments, according ~51,000 crore to the govern-
defaulting cases. But the process loses its action in cases that were referred to the standing money and to put the defaulter to the assessment done ment as AGR, has got some
Q1 PBT increases technology biz impact soon after. NCLT before the coronavirus pandemic, behind bars, Chandwani said. by the Department of relief this way.
ByteDance is planning to invest "This is the weakness of the system. which led to a national lockdown and In the past, bankers said, even after
by over 90% “a huge amount” into its newly- Even after decrees are issued in the debt suspension of the Insolvency and the companies were sold to new owners,
AlembicPharmaceuticals has established education tech recovery tribunal (DRT), how does a Bankruptcy Code (IBC) for six months. former promoters created legal compli-
seenitsconsolidatedPBTgrowby
91.40percentbeforeexceptional
business, Chen Lin, senior vice-
president, has said. But the firm
lender enforce the decree remains ques-
tion. For this, lenders have to depend on
Provisions in the IBC relating to personal
guarantors to defaulting companies came
cations and delayed settlement of loans.
“This was necessary as several pro- Govt extends WFH norms
itemsforthefirstquarterofFY21.
AsagainstaconsolidatedPBTof
warned that the unit will be
unlikely to profit in the next three
executive arm that is the government,"
said a banker.
into force on December 1, 2019.
According to the information collat-
moters just walked free after not paying
their dues. But this will now change,” for IT, ITeS firms till yr end
~187.82croreinthesameperiod years. The industry is one of a few "As soon as the loan is recalled, all ed by Insolvency and Bankruptcy Board another banker said.
ofFY20,thesamegrewto~359.50 that saw its fortunes shine during available securities including personal of India, three applications have been The Department of Telecom
croreinQ1ofFY21. BS REPORTER< Covid-19 pandemic. REUTERS< guarantees are enforced. After lenders file filed under these provisions before the (With inputs from Abhijit Lele) (DoT) has extended the
relaxations in the norms for
other service providers (OSPs)
to facilitate 'work from

Lifebuoy, Horlicks virus-proof HUL’s June quarter home' amid Covid-19

pandemic till the end of
December.
The decision will help
VIVEAT SUSAN PINTO growth in Q1, given the 52 per ed from this trend,” he said. Last week, ensure business continuity
Mumbai, 22 July
BREAK-UP OF cent overall sales growth reg-
istered by the segment within
market research agency Nielsen said
sales of fast-moving consumer goods
and employee safety,
industry executives said.
A bunch of brands of Hindustan HUL BUSINESS the company. Apart from food (FMCG) rebounded to pre-Covid lev- Nasscom President Debjani
Unilever (HUL), the country’s largest  Out-of-home  Essentials and refreshments, the other els in June, led by categories such as Ghosh said the move "will
consumer goods company, aided sales  Discretionary two segments within HUL beauty, hygiene, food and rural areas. ensure business continuity and employee safety" and
growth in the June quarter (Q1) at a % chg in Q1 include beauty and personal While Mehta said rural was clipping "increase talent pool to tier 2 and 3 cities".
% Share
time when the overall market condi- care and home care. higher than urban areas in terms of In March, the DoT had announced relaxation of norms for
tions have been challenging. These star 5 -69.0 Demand for Lifebuoy sales for his company, he would still OSPs till April 30, which was later extended to July 31. The
performers included names such as 15 hand wash and hand sanitis- wait for the September quarter to give relaxations announced in March included exemptions in
Lifebuoy, Horlicks, Kissan, Brooke ers, on the other hand, has an assessment of demand. requirement of security deposit and agreement for WFH facility
Bond, Domex and Bru.
-45.0 made HUL to ramp up its “We are pleased with what the gov- for OSPs (primarily IT and IT-enabled services companies).
Thanks to in-home consumption HUL'S HERO  Lifebuoy  Kissan  Domex manufacturing capacity by ernment is doing to improve demand, Earlier, firms were not allowed to connect office Virtual Private
and a focus on hygiene and health, 80 five times and 100 times, especially, in the rural areas. However, Network to home infrastructure. Over 90 per cent of the
HUL said these brands contributed BRANDS IN Q1  Brooke Bond  Horlicks  Bru 6.0 respectively in Q1, the com- uncertainty remains, which will last workforce of Indian IT firms continue to work from home.
significantly to growth within its essen- Rate of growth in Q1: Near-term outlook: pany said. The company also until a vaccine is found. If supply-side N V Tyagarajan, chief executive of Genpact, said this move
Sources: Company/
tials portfolio, which constitutes 80 In double digits Positive forthese brands analysts quickly fortified Brand disruptions ease, the September quar- will "solidify" client relationships globally, ensure business
per cent of its business. The essentials Horlicks with zinc and other ter should give us a good picture of continuity and employee safety.
portfolio grew 6 per cent in April-June, multi-vitamins to build immunity, underlying demand,” he added. Wipro Chairman Rishad Premji said in a tweet: "This has
the company disclosed in its June Lifebuoy, in particular, grew in dou- cleaning products such as Domex floor it added. “The Covid-19 infection rate HUL gets 40 per cent of its sales from helped tremendously in further elevating our standing and
quarter results on Tuesday. ble digits across formats in Q1, said cleaners saw high demand, he said. remains high and people are waiting for rural areas, ahead of the industry average responsiveness globally." WNS Group CEO Keshav R Murugesh
The balance 20 per cent of HUL’s Sanjiv Mehta, chairman and manag- According to analysts, HUL’s food a vaccine,” Mehta said. “The focus of 33-35 per cent. According to experts, and RPG Group Chairman Harsh Goenka also lauded the
business, which includes beauty, ice ing director, HUL. While brands such as and refreshment brands — Kissan jams remains on health, hygiene and nutri- higher demand in rural areas and sus- government's efforts saying steps like these have helped
creams, water purifiers and food solu- Horlicks, Kissan, Brooke Bond and Bru and sauces, Brooke Bond tea and Bru tion. And, the most trusted names tained demand for essentials will con- position Indian IT as a world leader. PTI
tions, de-grew sharply. did well during the period, and deep coffee — have clocked double-digit within these categories have benefit- tinue to drive sales in the near term.

Premium watch retailers make up for lost time by offering discounts

To tide over the disruption, a few players have shut down production of all watches
in March, before re-opening in May.
globally are not operational and
retail offtake is low.
also started creating websites for digital sales Other luxury brands have seen
some action at higher price points,
“Right now, everyone is happy to
offer discounts and keep fingers
though they expect overall volumes to crossed. As regards gifts for weddings,
PAVAN LALL “Discounts of 40 per cent and fall way below last year’s. Ashok Goel, with celebrations slowing down,
Mumbai, 22 July higher will apply to select and limited manager of Hublot in India, said sales watch sales have slowed down too,”
models,” said Yasho Saboo, chairman may crash by half this year, even as he said. Discounts range from 10-30
Thrown off-balance by mall closures, of Ethos Watch Boutiques, which has inquiries keep coming in. per cent, even for the current stock,
austerity measures, and widespread an inventory of 70,000 watches. Majority of sales for high-priced Popley added.
salary cuts and lay-offs across On Ethos’ website, for instance, watches are either occasion- or Is there a recovery strategy in
industries, the premium watch every single model of the Favre-Leuba milestone-led, said a salesperson at a place? “Restrictions of some sort or the
industry finds itself shutting down — a storied Swiss watch brand owned watch boutique. The person added other will remain until a vaccine is
stores, cancelling contracts, and by the Titan Company — is selling at a that what was now challenging was launched, after which we can expect
resorting to heavy discounts to clear 50 per cent discount to its MRP. that “everyone expects a lockdown normalisation and a pick-up in
inventory and drum up sales. Given the cash crunch and slowing discount and hence a lot of haggling buying,” said Saboo. “We hope that by
Ethos Watch Boutiques, which sales, Saboo said he has intimated is going on. People who buy my the fourth quarter, some vaccine
runs a chain of 49 high-end stores suppliers that payments could get watches — ranging from ~15 lakh to ~1 shows promise and helps sales.”
across the nation, has closed six delayed. Close to 25 of Ethos boutiques crore — are typically business owners Watch makers will have to reinvent
stores. Two are in Mumbai, with remain closed for business, with 50 Favre-Leuba Titoni Louis Erard Edox or very senior executives, and for their modus operandi, come what
WINDING
one each in Hyderabad, Indore,
Bhopal, and Bengaluru.
The company, which sells
employees having been laid off.
Ethos isn’t the only one reviewing
its business plans.
DOWN 50% 50% 35% 35% them to buy such products at a time
when lay-offs and salary cuts are the
norm sends a wrong signal.
may. “The innovation has to happen,
with communication and distribution
— which will include live-streaming
everything from Rolex and Breitling Viral Rajan, director of Time Otherwise, their lifestyle or and distance selling,” said Saboo.
to Seiko and Zenith, has started Avenue and an authorised Rolex Muller boutique that Rajan was Time has been passing slowly for expenditure hasn’t really changed.” Players like Time Avenue have
offering discounts. These go as high distributor, has been reducing prices operating through his company RNM the industry, but the big change is that Rajeev Popley, MD of Popley Group already started working on creating
as 60 per cent on select models, and offering discounts on brands such Luxury, at Palladium Mall (Mumbai), Rolex has opened up its factories and that retails Swatch Group brands and websites for digital sales.
with reduced prices for others — as IWC and Roger Dubuis. will see them pull out of the started shipping to authorised dealers. Tag Heuer watches, said watches are a “Our site should go live by
across 1,000 watches. Further, it’s likely that the Franck arrangement. For the first time in decades, Rolex had problem because most factories September,” said Rajan.
.
MUMBAI | THURSDAY, 23 JULY 2020 COMPANIES 3 <

NREPORT CARDN
S&P may cut Future Retail to default
L&T pre-tax profit Cites liquidity pressure, depressed operating cash flow, delays in disbursement of credit lines from banks
DEV CHATTERJEE
Mumbai, 22 July “... We could lower our
overarching credit risk,” it said.
The company has indicated to the

plunges 66% in Q1
preliminary rating on rating firm that it would make the cou-
S&P Global Ratings warned on Future Retail to ‘D’ if we feel pon payment within the grace period
Wednesday that it would downgrade the company is unlikely to by improving operating cash flow
Future Retail to default category meet its commitment within through bank funding, or arranging for
because the company faced liquidity this grace period. Even if alternative sources of funding, includ-
pressure, depressed operating cash flow Future Retail makes the ing the sale of certain assets.
Firm was hit by THE FINANCIALS and delays in disbursement of credit coupon payment within the The firm also expects its liquidity
lines from banks. grace period, its weak to improve with a potential equity
labour shortage, Order This comes at a time when Reliance liquidity will remain an recapitalisation, which could bring in a
Quarterly
halt in factory inflow profit after tax
Industries is in talks to acquire majority
stake in Future Retail, after the compa-
overarching credit risk”
— S&P GLOBAL RATINGS
strategic investor. “However, our rating
does not factor in such transactions
operations Quarter
Jun-20
~ crore
23,574
Consolidated figures in ~ crore ny’s lenders approached the Ambani-
controlled company for an acquisition.
because of limited clarity at this time,”
said the rating firm.
AMRITHA PILLAY Mar-20 57,800 S&P said Future Retail failed to make the indenture governing the notes, we feel the company is unlikely to meet The rating is preliminary due to the
Mumbai, 22 July Dec-19 41,600 a coupon payment of about ~100 crore which provides a 30-day grace period, its commitment within this grace cross-guarantees between Future Retail
for its $500-million senior secured notes the rating firm said. period. Even if Future Retail makes the and its group firm, Future Enterprises,
Sep-19 48,300

L
arsen & Toubro (L&T) due on Wednesday. Technically, a pay- “However, we could lower our pre- coupon payment within the grace have not been fully released, with about
saw its profit before Jun-19 38,700 ment default has not yet occurred under liminary rating on Future Retail to ‘D’ if period, its weak liquidity will remain an 20 per cent still pending.
tax (PBT) crash 66 per Mar-19 55,100
cent year-on-year in the April Dec-18 40,600
to June 2020 quarter (Q1), Sep-18 40,300
hurt by the lockdown. Jun-18 34,800
The management refused
to provide any guid-
ance. However,
Covid-hit balance sheet
executives indi- ~ crore Quarter ended Quarter ended % YoY
cated a revenue June 2020 June 2019 decline
ramp-up would Net profit 303.14 1,472.58 -79%
take a couple of Revenue from
quarters more. operations 21,259.97 29,635.95 -28%
L&T reported a
PBT of ~894.46 crore Profit before tax 894.46 2,655.23 -66%
for Q1FY21, down from Source: Company

~2,655.23 crore in Q1FY20. An

exceptional gain of ~224.72
crore thanks to divestment in which the company operated labour availability.
its wealth management busi- “with our hands, legs, and L&T’s finance cost for the
ness, came as a shot in the eyes tied (due to restrictions quarter nearly doubled to
arm. Net profit of ~303.14 and lockdowns”. ~1,055.90 crore, from ~586.65
crore was 79 per cent lower L&T booked orders worth crore last year. The firm
than ~1,472.58 crore last year, ~23,574 crore — a 39 per cent attributed the rise to the
while revenue stood at drop from the ~38,700 crore in newly commissioned
~21,259.97 crore, witnessing a Q1FY20. The decline in new Hyderabad Metro project,
dip of 28 per cent. orders, said L&T, was caused and higher borrowings taken
Most of the quarter saw by low interest towards fresh with the intent to create a
the firm struggle due to investment and deferment in liquidity buffer.
labour shortage, and curtail- award decisions. As regards the tensions
ment in factory and office Of the new orders, 15 per between India and China,
operations because of the cent came from the private company executives said: “We
lockdown. In a Bloomberg sector. The management has are proceeding with what we
poll, three analysts estimated not shared any guidance for have already contracted for.
a loss of ~467.8 crore, while the full year — a deviation Regarding fresh deals, we are
five had pegged revenue for from its usual practice. conscious of what the govern-
Q1 at ~20,678 crore. L&T man- International orders, at ~8,872 ment is saying. There is also a
aged to surpass the Street’s crore, accounted for 38 per need to build an alternative
expectations. cent of the total order inflow. eco-system for sourcing.”
R Shankar Raman, whole- As of June, the firm’s out- For payments from clients
time director and chief finan- standing order book stood at on jobs completed, L&T said
cial officer of L&T, said: ~3.05 trillion. it has managed to recover bill
“Revenue ramp-up will be The focus for most of the payments of up to ~30,000
gradual and take a few quarter was on safety of the crore through follow-ups in
quarters to get near normal workforce, transition to the June quarter.
levels.” Based on available productive remote working, “With partial lifting of the
data, L&T’s quarterly net staying engaged with stake- lockdown and resumption in
profit never dipped to ~303.14 holders, conserving resou- business operations, domes-
crore between June 2013 and rces, and resuming business tic operations are expected
March 2020. in a carefully calibrated to improve over the next few
“Profit after tax was hit manner, said the company. quarters. Ordering activity in
mainly due to lower revenue, Subrahmanyan pegged roads, urban infra, railways,
credit provisions in the finan- labour availability at 190,000 water distribution, irrigation
cial services business, and workers, much lower than the sub-segments, and espe-
under recovery of overheads,” peak of 250,000-260,000. cially health care, are all
the firm said. “We expect another 45-60 expected to pick up in the
S N Subrahmanyan, man- days for full labour to return.” second half of FY21,” said
aging director and chief He added that new lock- Arafat Saiyed, assistant vice-
executive of L&T, said it was downs being implemented at president at Reliance
a challenging quarter, in state level may also impact Securities, in a note on L&T.

Bajaj Auto’s Q1 PBT

skids 57% to ~682 cr
SHALLY SETH MOHILE executive director, Bajaj Auto, said: “There was
Mumbai, 22 July little we could have done, given the demand
scenario. Still to a great extent, our perform-
The pandemic-induced lockdown dented the ance was resilient to the external factors.”
first quarter (Q1) earnings at Bajaj Auto over the He attributed it to the company’s low break-
year-ago period, with volume revenue and even point for volumes and lower fixed costs.
profits declining 60 per cent. However, low fixed It helped the company negate the impact of a
costs and better export realisations helped cush- poor operating leverage.
ion the impact of operations on its margins. A higher export realisation also helped. The
Dragged down by poor volumes, which realisation per dollar was ~75.6 in Q1 of 2020-21,
came on the back of a total shutdown in April against ~72.1 in the fourth quarter of 2019-20.
and partial resumption of operations in May Sharma expects the overall volumes, in
and June, profit before tax (PBT) and profit after both the export and domestic markets, to con-
tax (PAT) at the Pune- tinue to gain in the
based firm more than months ahead and
halved to ~682 crore reach pre-Covid-19
and ~528 crore, respec- levels by September.
tively, in the June “The demand has
quarter, against ~1,579 recovered much faster
crore and ~1,126 crore in than we had expected,”
the year-ago period. said Sharma.
This is the steepest con- But the recovery, he
traction in profit seen cautioned, could be
by the company in derailed if there was
more than a decade.
Revenue from oper-
BUMPY RIDE resurgence in viral
infection.
ations during the In ~cr Q1 Q1 % change “The first 10 days of
quarter also fell year- FY21 FY20 YoY July was almost on a
on-year (YoY) by 60 per Turnover 3,417 8,197 -58.3 par with last year’s
cent to ~3,079 crore, Revenue from 3,079 7,756 -60.0 sales. But a lockdown
while the overall turn- operations in a few states, follow-
over saw 58.3 per cent ing an increase in the
Profit before tax 682 1,579 -57.0
YoY drop to ~3,417 crore. number of cases, has
The company’s Profit after tax 528 1,126 -53.0 pulled down the
overall volumes Ebitda margins 14.3 16.1 -11.0 numbers in the past 10
(including exports) fell Volumes (units) 443,103 1,247,174 -64.0 days,” said Sharma.
64 per cent to 443,103 While the company
Source: Company
units over the corre- has restarted opera-
sponding period. tions, sporadic localised
Despite an abysmal volume show, the lockdowns are disrupting the supply chain and
impact on margins for the maker of Discover impacting the ability of the business to return
and Pulsar models was marginal and not in the to normalcy, the company said in a statement.
same proportion as the decline in volumes. The Sales in the domestic motorcycle market
firm’s earnings before interest, tax, depreciation, were nil for the entire month of April and
and amortisation dropped to 14.3 per cent, com- impacted for a large part of May. Bajaj’s domes-
pared to 16.1 per cent in the comparable quarter. tic motorcycle volumes during the quarter
The margins were above Street estimates. dropped to 185,981 units, compared to 610,936
“Bajaj Auto delivered strong operational per- units a year ago. Commercial vehicle volumes
formance, with its margins coming 430 basis collapsed to 5,282 units, compared to 86,217
points above our estimates,” wrote Arjun Yash units a year ago. The overall export by volume
Mahajan, head of institutional business at recorded a decline of 54 per cent YoY.
Reliance Securities, in a post-earnings note. Bajaj Auto’s shares closed at ~2,985.60 on the
Alluding to the margins, Rakesh Sharma, BSE, down 0.62 per cent.
4 ECONOMY & PUBLIC AFFAIRS
>
MUMBAI | THURSDAY, 23 JULY 2020 1

IN BRIEF
ED registers money laundering DoT’s Cabinet note on E-payment may
complaint in Kerala gold case touch ~15 trillion
The Enforcement Directorate (ED) has filed a money laundering
complaint in connection with the Kerala ‘diplomatic baggage’
gold smuggling case, officials said on Wednesday. They said the
agency has registered an Enforcement Case Information Report
auction keeps 5G out a day by ’25: RBI
(ECIR), equivalent of a police FIR, after studying the NIA complaint Says industry may not
filed in the case recently. The ED case has been booked under the
Prevention of Money Laundering Act (PMLA) and the agency will
have the appetite for it ANUP ROY
Mumbai, 22 July
record the statement of the accused, they said. The central agency
will investigate if proceeds of crime were generated by the
because of AGR issue Payments through digital modes are expected to jump to
accused by laundering of funds that were earned through the MEGHA MANCHANDA 1.5 billion transactions worth ~15 trillion a day in five years, the
alleged gold smuggling racket. The ED also has powers to attach New Delhi, 22 July Reserve Bank of India (RBI) estimates.
the immovable and movable properties of the accused under the Daily transactions average at about 100 million now for a val-
PMLA. The case emerged on July 5 when gold, weighing over

T
he Department of ue of ~5 trillion. Just before the Covid outbreak, daily transactions
30 kg, was seized by the Customs department from the Telecommunications has circulat- were averaging around 125 million a day. This is more than five
“diplomatic baggage” that had landed by air cargo at the ed a Cabinet note seeking com- times the volume witnessed in June 2016, according to
Thiruvananthapuram international airport from the Gulf. PTI< ments for conducting spectrum auctions, P Vasudevan, chief general manager at the department of pay-
keeping aside the coveted 5G airwaves ment and settlement systems, RBI.
from the offering. The RBI official was part of a pan-
Alok Misra to 10 trade unions to The department feels the industry does el on digital payments future at the
take over as CEO, hold nationwide not have the appetite to bid for the high Global Fintech Fest, organised by

director of MFIN protest on Aug 9

technology airwaves as it is reeling from
the adjusted gross revenue (AGR) issue.
THE STORY SO FAR Fintech Convergence Council (FCC)
and National Payments Corporation
 In August 2018, Trai had suggested that of ~6,568 crore per MHz, 43 per cent
Microfinance Institutions As many as 10 central trade “We have not included 5G spectrum in of India (NPCI).
Network (MFIN), the self- unions have given a call for the proposal. The companies are going the sale of 8,093 megahertz of lower than ~11,485 crore set in the Digital payments include trans-
regulatory organisation (SRO) observing nationwide protest on through financial crisis and, therefore, we radiowaves used for telecom services on 2016 auction actions done through credit and deb-
for the microfinance industry, August 9 against the policies of may not get the desired response for the 5G and other bands should be auctioned  Telecom operators had dubbed the rate it cards, apart from various mobile
on Wednesday announced that the government, a statement 5G spectrum,” an official said, adding this at a starting price of over ~5.7 trillion as exorbitant, arguing that average price payment modes like Unified
Alok Misra will be taking over as said on Wednesday. PTI< was the reason the department had  Trai said the 3,300-3,600 MHz band, of 5G band auctioned in countries like Payments Interface. The plan to take
its chief executive officer and skipped that in the note. expected to be the primary band for 5G South Korea, Spain, the UK and Italy digital payments to such heights is
director from August 1, 2020. PTI< The proposal essentially includes the worked out to be ~84 crore/MHz being done by innovation labs sup-
Road sector to lose services, should be auctioned as a single
airwaves, licences of which are due to ported by the RBI.
band and in blocks of 20 MHz each at  Out of the 5G spectrum, Indian Space
Mobile banking ~6K cr in toll collection expire in the next calendar year, and
~492 crore per MHz Research Organisation requested for
They are experimenting with Digital payments
some of the new spectrum in those fre- mobile payments that don’t require include transactions
may become most in June quarter: CRISIL quency bands.  For the high-value 700 MHz spectrum, leaving 25 MHz (from 3400 MHz to good data connectivity, or through done through credit
Road sector is estimated to The premium 700 megahertz (MHz) which is considered efficient for 3425 MHz) untouched basic phones and even without and debit cards,
preferred: Kumar have lost about ~6,000 crore in spectrum that went unsold in the 2016 deploying 4G LTE networks and has  Even the Ministry of Defence has a phones, said Vasudevan. These sys- apart from various
Mobile banking could become toll collection during the April- auctions will be offered this time as well. greater structural penetration, Trai sizeable portion of the spectrum tems should be up and running by mobile payment
the most preferred banking June quarter of the current The base price for the band, considered recommended fixing a lower base price and is not ready to part with it 2024, said an RBI official. modes like Unified
channel, said Rajnish Kumar, year, according to CRISIL. The efficient for deploying 4G LTE networks Besides, an acceptance develop- Payments Interface
chairman, SBI. Of the 100 ratings agency said highway and has greater structural penetration, ment fund (ADF) has been set up in
transactions of SBI, only nine
are at branches. While
developers and toll operators
are likely to incur toll revenue
has been fixed by the Telecom Regulatory
Authority of India (Trai) at ~6,568 crore Telcos should provide location grid of which the RBI has contributed heav-
ily, along with payment services providers, to develop the
ATM transactions during
demonetisation were 55 per
losses of about ~3,700 crore
over that period, while NHAI
per MHz, 43 per cent lower than
~11,485 crore set in the 2016 auction.
bulk users: Department of Telecom infrastructure for greater acceptance of cards.
“We hope cash transactions would be a thing of the past,” said
cent, they have now reduced will lose ~2,200 crore in toll fee. In August 2018, Trai had suggested Telecom operators will (DoT) order. Telecom remove or correct Vasudevan, adding that in the coming days, passwords and pins
to 30 per cent. BS REPORTER< BS REPORTER< that the sale of 8,093 MHz of radio waves now have to provide the companies will have to gibberish text in can be replaced by iris-based recognition for payments.
used for telecom services on 5G and oth- location grid of the provide a point of sale consumer application In India, digital transactions have the potential to reach
er bands should be auctioned at a starting premises of bulk code through a portal to form of all existing 30-40 per cent of the gross domestic product, according to Dilip
price of over ~5.7 trillion. subscribers during law enforcement connections that were Asbe, managing director and chief executive officer, NPCI.

Privatisation still Trai said the 3,300-3,600 MHz band,

expected to be the primary band for 5G
services, should be auctioned as a single
physical verification
for issuing new
connections, according to
agencies, the order said.
The DoT in an order
issued on July 20 asked
given to customers using
electronic know you
customer (e-KYC) and
However, it is unlikely that digital payments can be facilitat-
ed without merchant discount rates (MDRs) that the payment
service providers charge per transaction.

a priority despite
band and in blocks of 20 MHz each at a Department of Telecom telecom operators to Digital KYC processes. PTI The central bank has, in the past, severely restricted MDR,
~492 crore per MHz. Old telecom opera- which hit profitability of fintech and payment services providers
tors had called the rate exorbitant, arguing in the space. Some of the concerns came to the forefront at the

Covid: DIPAM secy

that the average price of 5G band auc- Defence has a sizeable portion of the spec- Bharti Airtel — to arrange funds for mak- discussion where industry participants said MDR cannot be
tioned in countries like South Korea, trum and is not ready to part with it. This ing payments as assessed by the DoT. reduced to zero as that would be a serious disincentive in
Spain, the UK, and Italy worked out to be is another reason for keeping the 5G air- According to the government’s calcu- expanding infrastructure.
~84 crore per MHz. waves out of the proposed auctions, the lations, AGR liabilities of Vodafone Idea Asbe said the development fund cannot be the only option for
ARUP ROYCHOUDHURY Of the 5G spectrum, Indian Space official quoted above said. stand at around ~53000 crore and that of scaling up infrastructure 5-10 times. MDR would be necessary as
New Delhi, 22 July Research Organisation requested that 25 The sector is currently dealing with Bharti Airtel at ~35,500 crore. Both com- it takes about 20-25 basis points cost to the acquiring side.
MHz (from 3,400 MHz to 3,425 MHz) be the AGR issue, which has forced major panies have made part payments towards “ADF will help, but that won’t be sufficient for the ecosystem
Completing existing privati- left untouched. Even the Ministry of telecom players — Vodafone Idea and these liabilities. to thrive. MDR is the only option,” said Asbe.
sation plans, like that of Air
India, remains a priority for
the government, even though
the Covid-19 pandemic has
slowed the process, said
Tuhin Kanta Pandey (pic-
Zero MDR has hurt payments CIL may end fuel supply to
industry, says RBI committee those reneging on contracts
tured), secretary of Depart-
ment of Investment and
Public Asset Management are soon expected to hold
(DIPAM), on Wednesday. talks with interested bidders SHREYA JAI
“Strategic disinvestment is for BPCL. ANUP ROY The MDR reduction led to New Delhi, 22 July between 2016 and 2018.
a long-term commitment of Speaking about privatisa- Mumbai, 22 July contraction in the national gross val- In a public statement, CIL said it
investors and requires deep tion of Air India, Pandey said: ue of services and significant con- The country’s national miner Coal takes serious cognizance of its coal
engagement. Normally it “The government has updat- The government’s decision to reduce traction in the revenue of the pay- India (CIL) is planning to terminate quality. “The reason of quality is a lame
takes 8-9 months. To a lot of ed the EoI (expression of inter- merchant discount rate (MDR) to zero ments business, which supports fuel supply agreements (FSAs) with excuse. Transportation costs being high
extent, Covid has put a brake est) of Air India to attract for certain payments has hurt the multiple participants in the ecosys- its customers reneging on contracts, are a frivolous reason to pull out, as cus-
on this because international investors.” industry and could discourage inno- tem. Most of the players are from citing reasons of ‘low quality’ and tomers willingly obtain linkage for road
travel has virtually stopped. “We restructured the EoI vation, a committee on QR (Quick small and medium enterprises and ‘transportation cost’. mode with full knowledge of the
To some extent we have to of Air India with deep sense of Response) code-based payments, set have been affected badly. The company said such cus- There were distances,” said the statement.
grant extension to some of the responsibility that we will be up by the Reserve Bank of India (RBI), “The payments ecosystem, tomers had paid a premium for reports that The monopoly miner said it is
expressions of interest that we successful this time. A lot of has said in its report. together with the downstream ven- securing coal through auctions some firms considering stopping any further
have issued. It is not that the debt restructuring was done, The committee’s main recom- dors/providers etc, directly and indi- in the past without complaints. had ended FSA with those customers, “who
investors are not engaged, but rationality was brought in bal- mendation was that there should be rectly, employ several lakh people But “now, with Covid-19-induced supply renege on committed agree-
they want more time. Because ance sheet, concerns of uniformity in QR code types and they and without revenue from business- slowdown, when the demand for contracts ments and decide to terminate
one thing which is not open investors were met in EoI. should be interoperable wherever es, these jobs are disappearing as coal is low and the floor prices for their contracts abruptly”.
yet is international travel,” Unfortunately, Covid has led possible. However, the committee there are no incentives or incomes coal relatively lower, some customers The company further said
Pandey said at an event to a situation where travel and was quite vocal on the abolishment of said transactions done through for deploying QR codes in the coun- are moving away, citing reasons that are ~1,365 crore provisioned under coal
organised by industry body aviation markets are in a state MDR charges, something that partic- RuPay and Unified Payments try’s hinterlands,” the report said. not reasonable,” it said. quality variance in the earlier years has
Federation of Indian of uncertainty, so therefore ipants in the Global Fintech Fest also Interface, floated by NPCI, will attract The fintech space has attracted Recently, there were reports that been withdrawn, in the last financial
Chambers of Commerce and people are waiting and watch- highlighted at a virtual event. The zero MDR. over $2 billion of capital in the last Vedanta, Jindal Steel & Power, and year, which is a net gain for CIL.
Industry (Ficci). ing,” Pandey said. event had the participation of Dilip Such reduction impacted the two years. But the MDR reduction Hindalco Industries have terminated The company also earned
The companies that are Pandey said that there Asbe, managing director and chief survival of payment gateways, means the space might not attract their supply contracts with CIL, citing ~1,760 crore under performance incen-
part of the Centre’s privatisa- were other major planned executive officer of the National “hampering innovation efforts and capital in the future. low grade of coal, frequent changes in tive during the previous two financial
tion plan this year include Air transactions that the Centre Payments Corporation of India resulting in job losses and a slow- “The expectation of revenue gen- the grade supplied, and high years combined. The incentive earned
India, Bharat Petroleum, could count upon, like the ini- (NPCI), who is also one of the mem- down in the expansion of the digi- eration from digital transaction pro- transportation cost. The companies was for supplying above the average
Shipping Corp, and Concor. tial public offering of LIC, and bers in the QR Code committee. tal payment infrastructure in cessing has been severely affected by had got supply contracts with CIL contracted quantity to its customers
As reported earlier, officials called it a bold decision. In December, the government India”, the report said. zero MDR,” said the report. through auctions held by the latter with which it had an FSA.

Centre may allow Chinese miners to bid in coal auctions

The first of a two-part series analyses how price signals have been planned in coal sector reforms
SUBHOMOY BHATTACHARJEE miners have dropped coal from would expand at a faster pace than are sluggish and becoming less firms will out-bid them. “We buy
New Delhi, 22 July their portfolio because of environ- China’s upto 2040. bankable each year. Some MDOs the tender documents every time
mental concerns. However, Sunil Chaturvedi, chairman have the wherewithal to run the the ministry announces plans for
India will not block Chinese coal despite the Centre’s open-arms and managing director of new mines. But since they have an auction, even when there was
miners from bidding in the auc- policy, the plan for the commer- Gainwell Commosales, one of limited pan-Indian presence and a restriction on end use,” one of
tion of coal mines for commercial cial mining of coal might not be a India’s largest mine development are unlisted, they cannot expect to them said.
mining. “Coal is not a strategic winner. For one, there is over operators (MDO), says that since raise money at competitive rates. That leaves the national-level
sector, so blocking them makes no capacity in the demand for power, coal mines have to be wound up in The other possible bidders are companies like Hindalco, JSPL,
sense,” said M Nagaraju, the nomi- the key downstream user of steam less than 20 years, owing to the the small-time consumers — com- JSW, CESC and GMR, which had
nated authority in the ministry of coal. In Maharashtra, for instance, environmental guillotine, bidding panies that come under the Coal bid for the earlier lot of coal mines
coal for administering the Coal the installed capacity contracted for mines is not commercially Consumers Association of India at prohibitive prices. The govern-
Mines (Special by the state is 38 Gw, exciting. “The government (CCAI). The CCAI members, who ment had then tied the mines to
Provisions) Act, 2015, but the average load expects clearances for the mines run sponge iron, paper, and permitted end use. (Except for
under which the gov- drawn by has never to take about five years, so the cement units mostly in Eastern mines like Sarishatoli of CESC,
ernment plans to auc- exceeded 17 Gw. effective time available for the India, are junior partners in India’s many of those mines are yet to go
tion 41 coal mines for It is the same story investor to make good on his DEMAND-SUPPLY GAP (all figures in million tonnes) coal hierarchy. While cumulative- into production.) Some of these
commercial mining in other states, too. The investment is less than 15 years.” FY15 FY16 FY17 FY18 FY19 FY20 FY21 ly they have a large demand for companies will be keen to bid, but
next month. cost of the additional Given the scale of investment coal, their individual demand is are miffed that the new lot of coal
The government capacity has to be needed, Chaturvedi says his com- a) CIL& SCCL 546.77 599.13 615.47 629.37 671.29 666.5 130.51# often less than a million tonnes mines are far better value than the
has allowed 100 per apportioned among pany does not plan to bid. per year. Up till now these compa- earlier batch that was auctioned.
cent foreign direct ENERGY stakeholders, leading Madan Sabnavis, chief econo-
b) Others 62.41 40.1 43.8 47.1 57.43 62.6 13.64#
nies have depended on the pro- The higher valuation of the new
investment in the PRICING to higher fixed costs. mist at Care Ratings, also has tepid Total domestic supply* 604.35 632.77 647.73 676.48 728.72 729.1 144.15 duction from CIL through coal mines, which are unencumbered
sector. Moreover, under the expectations. “We expect some Imports 217.78 203.95 190.95 208.27 235.24 248.55 1.69 linkages (company-wise quotas.) assets, will certainly lower the val-
Chinese firms like Director General of interest from the private sector, *due to rounding off, some of the totals may not add up Many of these companies are uations of the earlier lot. However,
China Shenhua or China Coal Mines’ rules, capital equipment in (where) end-user industries have # April to June 2021 Sources: Press Information Bureau, Parliament of India keen to bid for the mines, 11 of the coal ministry has no plans to
Energy occupy four of the top 10 mines have to be discarded in sev- been starved of coal, compelling which are in Madhya Pradesh, free the end-use restrictions of the
positions in the league of the en years, as against the global them to rely on imports,” he says. government about their misgiv- One major concern of Indian nine each in Chhattisgarh, earlier lot. The legal challenges are
largest coal miners of the world. average of over 10 years. This, too, Left to themselves, the Indian ings, sources said. A recent mining companies is the difficulty Odisha and Jharkhand, and too many to allow for the conver-
India’s Coal India (CIL) also fig- increases the cost of mining. firms would have wanted the auc- Business Standard report noted of raising the finance for the bids. three in Maharashtra. But they sion, sources said.
ures in that list. Coal miners in A report by the US Energy tion to be limited to themselves. that they asked the government to Bankers, too, admit in private that have even less financial muscle
Asian countries dominate the list Information Administration states While they have welcomed the consider lowering the bid security they are not keen to finance the than MDOs. Hence, they are Next: Govt mulling change in LNG
since European and American that India’s demand for coal auction, they have also told the and upfront payment amount. bidders at a time when coal prices concerned that Chinese mining pricing policy
Business Standard MUMBAI | T H U R S D A Y , 23 J U L Y 2 0 2 0 5
TITAN COMPANY LIMITED FRESHTROP FRUITS LTD
> CIN: L74999TZ1984PLC001456
Registered Office: 3, SIPCOT Industrial Complex,
Registered Office: A-603, Shapath IV, Opp. Kamavati Club, S.G. Road, Ahmedabad-380015
CIN: L15400GJ1992PLC0183651 Website: www.freshtrop.com | Email: secretarial@freshtrop.com |
Mphasis
Mphasis Limited
Regd.Office: B a g m a n e W o r l d Technology Centre,
Marathahalli O u t e r Ring R o a d , D o d d a n a k h u n d i Village,
GSPL India Gasnet Limited
NOTICE INVITING TENDER

V
Mahadevapura, Bengaluru - 560048 GSPL India Gasnet Limited (GIGL) invites bids through e-tendering for empanelment of
Hosur 635126, Tamil Nadu
Corporate Office: INTEGRITY1 No.193, Veerasandra,
NOTICE The Next Applied
CIN: L 3 0 0 0 7 K A 1 9 9 2 P L C 0 2 5 2 9 4
Tel: 91 8 0 6750 1000
consultants for "DETAILED ENGINEERING SURVEY & ROU SERVICES FOR GIGL"
Electronics City P.O., Off Hosur Main Road, Pursuant to Regulations 29 and 47 of the SEBI (Listing on percentage rate basis vide single stage three part bidding process.
T I T A N Bengaluru - 560100, Kamataka
Website: www.mphasis.com
Entire bidding process including price bid will take place through (n)Procure - Tender
COMPANY Obligations and Disclosure Requirements) Regulations, 2015, email: investor.relations@mphasis.com
E-mail: investor@titan.co.in ManaqementPortal-www.nprocuie.com
Notice is hereby given that the Meeting of the Board of Directors of NOTICE
Website: www.titancompany.in Telephone: 080 6704 7000 Interested bidders can Bid and View the Tender Documents, Bid qualification
the Company will be held on Friday, 31st June 2020 to inter alia, N O T I C E is hereby given that the C o m p a n y has received request f r o m the below
Criteria and Bidding Schedule on httDs://www.norocure.com
A TATA Enterprise p u r c h a s e r for issue of duplicate share certificate a n d s i m u l t a n e o u s transfer o f the s h a r e s
transact the following business. Details can also be viewed on GIGL Website (http://gspcgroup.com/GIGL/)
in lieu of the original one(s) reported lost/misplaced/stolen, as per details below:
1. To consider and approved unaudited financial result for the Details Date & Time
NOTICE quarterended 30th June 2020.
Folio No. Applicant
(Purchaser/
Name of the
Registered
Certificate
Number
Distinctive Numbers No. of
shares Date offender Upload on www.nprocure.com 23/07/2020,12:00 hrs 1ST
Notice is hereby given pursuant to Regulation 47 of SEBI (Listing 2. Fixed the date of 28th Annual General Meeting to be held Transferee) Shareholder
From To Pre-Bid meeting (Online) 07/08/2020,16:00 his 1ST
Obligations and Disclosure Requirements) Regulations, 2015 that a through VC/OVAM. 3603300
Last Date to Submit Techno-Commercial Pre-Bid 10/08/2020 before 18:00 hrs 1ST
C000630 Samar Sadhukhan Smita Choudhary 36033 3603201 100
Queries
meeting of the Board of Directors of Titan Company Limited will be 3. Any other business with the permission of chair. A n y person/s having objections to the issue o f duplicate share certificate in respect of the
Last Date to Submit online Techno-Commercial Bid 24/08/2020 before 14:00 hrs 1ST
held on Monday, 10th August 2020 inter-alia, to consider, approve and The said Notice is also available at Company's website aforesaid s h a r e s should c o m m u n i c a t e to the C o m p a n y or Registrars with n e c e s s a r y
Online BID opening Date (Primary) 24/08/2020,14:05 hrs 1ST
proof within 15 d a y s f r o m the date of this Notice to s u b r a m a n i a n . n a r a y a n @ m p h a s i s . c o m
take on record the unaudited standalone & consolidated financial www.freshtrop.com and on the website of stock exchanges at a n d giri@integratedindia.in, failing w h i c h the C o m p a n y will proceed to consider the All future announcement related to this tender shall be published on (n)Procure
results of the Company for the quarter ended 30th June 2020. This
www.bseindia.com. By order of the Board application for issue o f duplicate share certificate a n d s i m u l t a n e o u s transfer (where Portal ONLY.
FOR, FRESHTROP FRUITS LIMITED applicable) in f a v o u r of the aforesaid applicant and thereafter a n y objection/s in this GIGL reserves the right to cancel and/or alter bidding process at any stage without
intimation is also available on the website of the Company which can
assigning any reason. GIGL also reserves the righttoreject any or all of the bids received
Date : 22-07-2020 Sd/- matter will not be entertained f r o m a n y person/s. Further, the share certificate as detailed
be accessed under "Investors" section at www.titancompany.in as well in the a b o v e table shall stand cancelled and any person/s dealing w i t h the said share at its discretion, without assigning any reasons whatsoever.
as on the websites of BSE Limited and National Stock Exchange of
Place: Ahmedabad Ashok Motiani certificate shall be d o i n g solely at his/her risk a s to costs and c o n s e q u e n c e s a n d the
Chairman & Managing Director C o m p a n y / R e g i s t r a r s shall not be responsible for it in anyway.
India Limited.
DIN No.: 00124470 Registrars :
I n t e g r a t e d R e g i s t r y M a n a g e m e n t S e r v i c e s Pvt Ltd
For TITAN COMPANY LIMITED No.30, R a m a n a Residency, 4th Cross,
Sampige Road, Malleswaram,
22 nd July 2020 Dinesh Shetty FORM G
Bangalore - 560003
Bengaluru General Counsel & Company Secretary Tel : + 9 1 - 0 8 0 - 2 3 4 6 0 8 1 5 t o 2 3 4 6 0 8 1 8 For Mphasis Limited INVITATION FOR EXPRESSION OF INTEREST
(Under Regulation 36A (1) of the Insolvency and Bankruptcy
A \ titan |
Sd/-

j Z O Y A | SKISNj' | -r-i*.-. Place : Bengaluru

Date : 22 July 2020
Subramanian Narayan
Vice President and Company Secretary
(Insolvency Resolution Process for Corporate Persons) Regulations, 2016
RELEVANT PARTICULARS

A
1. Name of the coroorate debtor JAIN STUDIOS LIMITED
2. Date of incorporation of corporate debtor 3" January, 1991
3. Authorityunderwhich corporate debtoris ROC-Delhi
INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED incorporated / registered
4~ Corporate identity number/ limited liability L92199DL1991PLC042611
(A Government of India Enterprise)
identification number of corporate debtors
•JlJ Jl( A (rt Registered Office: 5th Floor, Block 2, Plete A & B, NBCC Tower, East Kidwai Nagar, New Delhi-110023, 5~ Address of theregisteredoffice and SCINDIA VILLASAROJINI NAGAR RING
1 I KCL CIN No. UE719gDL2g06GOI14452g, Website: www.iifcl.org, E- mail: info@iifcl.org, Phone:+91-11-24662777 ADITYA , BIRLA principal office (if any) of corporate debtor ROAD, NEW DELHI DL-110023 IN
1 EXTRACT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE Y E A R ENDED 31 " M A R C H 2020 1 6~ Insolvency commencement date of the 26* February, 2020
corporate debtor
? in Lac | 17 Date of invitation of expression of interest 23FdJuly, 2020
S. Particulars Year ended Year ended 8. Eligibilitytorresolutionapplicants under Details can be sought by emailing on
HINDALCO
No. 31/03/2020 31/03/2019 section 25(2)(h) of the Code is available at: Email - cirp.iainstudios@qmail.com
9~ Norms of ineligibility applicable under Available at the website of IBBI
1 Total Income from operations
(Audited)
3,81,309.05
(Audited)
3,65,104.90
HINDALCO INDUSTRIES LIMITED section 29Aare available at: https://ibbi.gov.in/legal-framework/updated or
Regd. Office: Ahura Centre, 1st Floor, B - Wing, Mahakali Caves Road, Andheri (East), Mumbai 400 093. request by emailtoRP at
2 Net Profit / (Loss) for the period (before Tax, Exceptional (29,148.48) 40,388.68 Tel No. 6691 7000 Fax No. 6691 7001 | Email: hindalco@adityabirla.com | CIN No.: L27020MH1958PLC011238 cirp.jainstudios@gmail.com
and/or Extraordinary items) Please visit www.hindalco.com & www.adityabiria.com 10? Last datetorreceipt of expression of interest 7* August, 2020
3 Net Profit / (Loss) for the period before tax (after Exceptional (29,148.48) 40,388.68 11. Date of issue of provisional list of prospective 14* August, 2020
and/or Extraordinary items) NOTICE resolution applicants
4 Net Profit / (Loss) for the period after tax (after Exceptional 5,091.81 10,242.67 Sub: Notice for mandatory transfer of equity shares on which dividend is unclaimed for seven consecutive years 12? Last datetorsubmission of objections to 17" August, 2020
and/or Extraordinary items) to IEPF authority. provisional list
13? Date of issue of final list of prospective 27" August, 2020
5 Total Comprehensive Income for the period [Comprising 5,120.30 10,165.90 Notice is hereby published pursuant to Section 124(6) of the Companies Act, 2013 ("Act") read with Investor Education
Profit / (Loss) for the period (after tax) and Other resolution applicants
and Protection Authority (Accounting, Audit, Transfer, and Refund) Rule, 2016 notified by the Ministry of Corporate Affairs 14? Date of issue of information memorandum, 17* August, 2020
Comprehensive Income (after tax)] and amended thereof. evaluation matrix andrequestfor resolution
6 Paid up Equity Share Capital 9,99,991.62 4,20,231.62
The Rules, amongst other matters, contain provisions for transfer of unpaid or unclaimed dividend to Investor Education planstoprospectiveresolutionapplicants
7 Reserves (excluding Revaluation Reserves) 30,586.29 48,624.16 and Protection Fund (IEPF) and transfer of equity shares, in respect of which dividend amounts remains unpaid/unclaimed 15? Manner of obtainingrequestfor resolution Information Memorandum, Request for
8 Net Worth 10,30,577.91 4,68,855.78 for seven consecutive years to IEPF Account. plan, evaluation matrix, information Resolution Plan and Evaluation Matrix will be
9 Debt Equity Ratio 3.54 7.03 Due to COVID-19 pandemic and lockdown situation, the Company has sent individual communication to concerned memorandum and further information shared by the Resolution Professional with the
shortlisted Prospective Resolution Applioant(s)
10 Weighted Average Earnings Per Share (of Rs. 10/- each) shareholders whose email id is registered with the Depositories or the Company and whose shares are liable to be
meeting the Eligibility Criteria as set out by the
(for continuing and discontinued operations) - transferred to IEPF. The Company has also uploaded on its website www.hindalco.com complete details of the concerned Committee of Creditors and compliance with
1. Basic: 0.11 0.25 shareholders whose dividends are lying unpaid/unclaimed for seven consecutive years and whose shares are due for section 29A of the Insolvency & Bankruptcy
2. Diluted: 0.11 0.25 transfer to IEPF. Code, 2016 after receiving a Confidentiality
11 Debenture Redumption Reserve 99,995.05 99,995.05 In case the dividends are not claimed by the concerned shareholders) by 25*' September, 2020 (Friday), necessary steps Undertaking as per section 29(2) of the IBC
will be initiated by the Company to transfer shares held by the concerned shareholders) to IEPF Authority without further 2016via email.
Note:
notice in the following manner: 16? Last datetorsubmission ofresolutionplans 16* September, 2020
a) The above is an extract of the detailed format of half yearly/annual financial results filed with the Stock Exchanges
under Regulation 52 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the 17. Manner of submittingresolutionplansto In a Sealed envelope by Post /Registered Post
In physical form - duplicate share certificate(s) will be issued in your name and transferred in favour of IEPF Authority
half yearly/annual financial results are available on www.bseindia.com,www.nseindia.com and on www.iifcl.org. resolution professional or By Hand as well as soft copy through mail.
on completion of necessary formalities. Hence, the original share certificate(s) which stand registered in your name will
18? Estimated datetorsubmission of resolution 16* October, 2020
b) For the items referred in sub-clauses (a), (b), (d) and (e) of the Regulation 52 (4) of the SEBI (Listing and Other be deemed cancelled and non-negotiable.
plantothe Adjudicating Authorityforapproval
Disclosure Requirements) Regulations, 2015, the pertinent disclosures have been made to the Stock Exchange In demat form - the Company shall inform the depository by way of corporate action for transfer of shares lying in your 19? Name and registration number of the Mr. Manish Agarwal
(BSE and NSE) and can be accessed on www.bseindia.com and www.nseindia.com.
demat account in favour of IEPF. Resolution Professional IBBI/IPA-002/IP-N00223/2016-2017/10904
nd
c) The above results have been reviewed by the Audit Committee at their Meeting held on 22 July 2020 and approved Shareholders may note that in the event of transfer of shares and unclaimed dividends to IEPF, concerned shareholders) 20? Name, Address and e-email of the resolution Mr. Manish Agarwal, 707, SaketOpp. Rohtash
by the Board of Directors of the company at their Meeting held on 22nd July 2020. The Statutory Auditors of the are entitled to claim the same from IEPF by submitting an online application in the prescribed Form IEPF-5 available on the professional, as registered with the Board Sweets Meerut-250001, Uttar Pradesh.
company have carried outAudit of aforesaid results. Email id: manishfcs@gmail.com
website www.iepf.gov.in and sending a physical copy of the same, duly signed, to the Company, at its Registered Office,
d) The outbreak of Coronavirus (Covid-19) has disrupted the Economic Activities. In accordance with the RBI 21? Address and emailtobe used for Mr. Manish Agarwal, 205,Second Floor, Rohit
along with requisite documents enumerated in Form IEPF-5.
guidelines relating to COVID-19 Regulatory Package dated 27* March 2020 and 17* April 2020, the lending correspondence with the resolution House, Tolstoy Marg, Connaught Place, New
institutions have been permitted to grant a moratorium of three months for payment of all installments and / or Shareholders may further note that the details of unpaid/unclaimed dividends and shares of the concerned shareholders) professional Delhi-01 Email-id: cirp.jainstudios@gmail.com
interest, as applicable, falling due between 1" March 2020 and 31" May 2020 ("moratorium period") to eligible uploaded by the Company on its website www.hindalco.com shall be treated as adequate notice in respect of issue of 22? Further Details are available atorwith On the website of the corporate debtor
borrowers in accordance with the Board approved policy. For all such accounts where the moratorium is granted, the duplicate share certificate(s) by the Company for the purpose of transfer of shares to IEPF pursuant to Rules. Please note http://jainstudios.com/ or can be sought by
asset classification shall remain stand still during the moratorium period. The Company holds provisions as at that no claim shall lie against the Company in respect of unclaimed dividend and equity shares transferred to the IEPF. emailtocirp.jainstudios@gmail.com
31" March 2020 against the potential impact of COVID-19 based as assessed at this point in time. In case the Shareholders have any queries on the subject matter, they may contact the Registered Office of the Company. 23? Date of publication of Form G 23rd July,2020

For and behalf of Board of Directors Sd/-

For Hindalco Industries Limited Manish Agarwal
SdJ- Resolution Professional
PR Jaishankar (IBBI/IPA-002/IP-N00223 /2016-2017/10904)
Place: Mumbai Anil Malik
Dated: 22.07.2020 (Managing Director) Date: 23" July, 2020 In the matter of JAIN STUDIOS LIMITED
Place: New Delhi DIN No.: 6711526 Date : 22nd July, 2020 President & Company Secretary Place: Meerut E-mail id - manishfcs@gmail.com

SI
P | value Performance
COMPUAGE INFOCOM
CIN: L99999MH1999PLC135914
LIMITED
Regd. Office: D-601/602 & G-601/602, Lotus Corporate Park, Graham Firth
Steel Compound, Western Express Highway, Goregaon (East), Mumbai - 400 063.
Tel No: 022-671144441 Fax No: 022-67114445
E-mail: investois.relations@compuageindia.com | Website: www.compuageindia.com
INFORMATION REGARDING 21ST ANNUAL GENERAL MEETING (AGM) OF
COMPUAGE INFOCOM LIMITED TO BE HELD THROUGH VIDEO CONFERENCING (VC) I
e
HEG LIMITED
CIN : L23109MP1972PLC008290
Regd. Off.: Mandideep (Near Bhopal), Distt. Raisen-462046, (M P.)
Phone: 07480-233524, 233525, Fax : 07480-233522
Corp. Off.: Bhilwara Towers, A-12, Sector-1, Noida-201301 (U.P.)
Phone: 0120-4390300 (EPABX), Fax: 0120-4277841
E-mail: heg.investor@lnjbhilwara.com; Website: www.hegltd.com
ITIahindra C / E MAHINDRA CIE AUTOMOTIVE LIMITED
CIN: L 2 7 1 O O M H 1 9 9 9 P L C 1 2 1 2 8 5
OTHER AUDIO VISUAL MEANS (OAVM), NOTICE OF RECORD DATE AND BOOK CLOSURE N O T I C E : (for the attention o f concerned Equity Shareholders o f
Regd. Office : Mahindra Towers, P.K. Kurne Chowk, Worli, Mumbai - 4 0 0 018.
1. The 21* Annual General Meeting ("AGM") of the Company will be held through Video the Company w h o s e shares are liable to transfer to IEPF Authority)
Conferencing ("VC") / Other Audio Visual Means ("OAVM") on Tuesday 18* August, 2020, at Sub.: Transfer of Equity Shares of the Company to the Demat A c c o u n t Tel: +91 2 2 2 4 9 3 1 4 4 9 Fax: +91 2 2 2 4 9 1 5 8 9 0
11:00 a.m. 1ST, in compliance with all the applicable provisions of the Companies Act, 2013 of Investor Education and Protection Fund (IEPF) A u t h o r i t y Website: www.mahindracie.com I E-mail: mcie.investors@cie-india.com
and the Rules made thereunder and the Securities and Exchange Board of India ("SEBI") This Notice is hereby given to the Shareholders pursuant to the provisions
(Listing Obligations and Disclosure Requirements) Regulations, 2015, read with General STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30,2020
of the Companies Act, 2013 read with the Investor Education and
Circular No. 14/2020 dated 8* April, 2020, General Circular No. 17/2020 dated 13* April, 2020 and ? in Million
General Circular No. 20/2020 dated 5* May 2020, and otherapplicable circulars issued by the Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules,
Ministy of Ctoqxxate Affairs ("MCA") and SEBI (collectively referredtoas "relevant circulars"), 2016 ("IEPF Rules 2016") and as subsequently amended.The IEPF Rules Consolidated
to transact the business as will be set out in the Notice of AGM. Members will be abletoattend 2016, amongst other matters, contain provisions for transfer of all Quarter ended Six Month ended Year Ended
the AGM through VC / OAVM. Members participating through the VC I OAVM facility shall be shares In respect of w h i c h dividend has not been paid o r claimed by
reckoned for the purpose of quorum under Section 103 of the Companies Act, 2013.
PARTICULARS June 30,2020 June 30,2019 June 30,2020 December 31,2019
the Shareholders for seven consecutive years or more in the name
2. In compliance with the relevant circulars, the Notice ofAGM and the standalone and consolidated of Investor Education and Protection Fund (IEPF) Authority in the Unaudited Unaudited Unaudited Audited
financial statements for the financial year 2019-20, along with Board's Report, Auditor's prescribed manner. Total Revenue 7,534.16 21,497.60 24,210.08 79,409.11
Report and other documents attached thereto, will be sent to the Members of the Company
Unclaimed or unpaid dividend for financial year 2012-13, 2013-14, Net Profit / (Loss) for the period (1,468.27) 1,734.41 (595.00) 6,324.36
whose email addresses are registered with the Company / Depository Pariicipant(s). The aforesaid
2014-15, 2017-18 (interim), 2017-18 (final), 2018-19 (interim), (before Tax, Exceptional and / or Extraordinary items)
documents will also be available on the Company's website at www.compuaaeindia.com and
on the website of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of 2018-19 (final) and 2019-20 (interim) are presently lying with the Company Net Profit / (Loss) for the period before tax (1,470.08) 1,734.41 (595.81) 6,278.56
India Limited atwww.bseindia.com and www.nseindia.com. respectively. in unpaid dividend accounts of respective years, maintained with the (after Exceptional and / or Extraordinary items)
3. Mannerofreglsterlng/updatlngemalladdressesandBankAccountdetalls: Banks. The unclaimed dividend for the financial year 2012-13 will be due Net Profit / (Loss) for the period after Tax (1,286.83) 1,262.24 (659.97) 3,537.95
In case the shareholder's email ID is already registered with the Company I its Registrar & for transfer on 22nd October, 2020. The complete details regarding unpaid/ ( after Exceptional and / or Extraordinary items)
Share Transfer Agent ("RTA") / Depositories, log in details tor e-voting will be sent on the unclaimed dividend amount are available at the Company's website Total Comprehensive Income for the period (1,212.39) 990.79 6.47 3,417.95
registered email address. www.hegltd.com under Investors section. [Comprising Profit/(loss) for the period (after tax)
In case the shareholder has not registered his I her / their email address with the Company / its In terms of the IEPF Rules 2016, the concerned Shareholders are being and Other Comprehensive lncome(after tax)]
RTA/ Depositories and / or not updated the Bank Account mandatetorreceipt of dividend, the provided an opportunity to claim such dividend for the financial year 2012- Equity Share Capital 3,790.11 3,789.99 3,790.11 3,790.11
following instructions aretobe followed: 13 and onwards by sending a letter under their signature so as to reach Reserve (excluding revaluation reserve) 42,547.88
(i) Kindly log in to the website of our RTA, Link Intime India Private Ltd., www.linkintime.co.in the Company's Registrar & Share Transfer Agent (RTA), MCS Share
under Investor Services > Email/Bank detail Registration - fill in the details, upload the Basic Earning Per Share (of Rs. 10/- each)
Transfer Agent Limited, (Unit: HEG Limited), F-65, First Floor, Okhla
required documents and submit Continuing Operation (3.40) 3.33 (1.74) 9.34
Industrial Area, Phase-I, New Delhi 110020, Phone: 011-41406149-
(ii) In the case of Shares held in Demat mode, the shareholder may please contact the Discontinuing Operation - - - -
52, Email: admin@mcsregistrars.com OR HEG Limited, (Secretarial
Depository Participant ("DP") and register the email address and bank account details in Diluted Earning Per Share (of Rs.10/- each)
Department), Bhilwara Towers, A-12, Sector-1, Nolda-201301 (U.P.),
the demat account as per the process followed and advised by the DP. Continuing Operation (3.40) 3.33 (1.74) 9.33
Phone: 0120-4390300 (EPABX), E-mail: heg.investor@lnjbhilwara.com,
4. Mannerofcastingvotethroughe-voting: Discontinuing Operation
before 22nd October, 2020. Individual letters in this regard have been sent - - - -
The Company is providing remote e-voting facilitytoall its Memberstocast their votes on all
to the concerned Shareholders, whose dividend and shares are liable to Notes :
resolutions as will be set forth in the Notice of AGM. Additionally, the Company is providing the
be transferred to the Investor Education and Protection Fund / IEPF
facility of voting through e-voting system during the AGM. Detailed procedure for casting the 1 Standalone
votes through remote e-voting / e-voting will be provided in the Notice of the AGM. If your email Authority, at their address registered with the Company in accordance
address is alreadyregisteredwith the Company I Depository, the login credentialstorcasting with IEPF Rules 2016. Quarter ended Six Month ended Year Ended
the votes through e-voting will be sent on your registered email address. Members are requested The concerned Shareholders are requested to put their claim for the PARTICULARS June 30,2020 June 30,2019 June 30,2020 December 31,2019
to update their email addresses with the Company/ its RTA/ Depositories, as may be applicable. unclaimed dividend by sending a formal letter duly signed by all the joint
Unaudited Unaudited Unaudited Audited
5. Notice of Record Date and Book Closure: holders alongwith (i) Self Attested copy of PAN Card, (ii) Certified copy
For the purpose of the 21" AGM of the Company and ascertaining the list of Members who of Address Proof and mentioning the Email Id (if any) and the telephone Turnover 1,930.20 7,456.02 7,794.23 29,270.57
would be entitled to receive dividend of Rs. 0.201- per equity share of Face Value of Rs. 21- contact no(s) and (iii) Details of Bank Account supporting with an original Profit before tax (619.70) 640.05 (177.42) 2,635.34
each, for the year ended 31* March, 2020, the Register of Members and Share Transfer Books cancelled cheque leaf / attested bank passbook showing name of account Proft after tax (467.21) 408.46 (143.02) 1,722.64
shall remain closed from Tuesday, 11* August, 2020toTuesday, 18* August, 2020 (both days holder before 22nd October, 2020, failing which;
inclusive) and the record date shall be Monday, 10* August, 2020, pursuanttothe provisions of 2. The management, based on a detailed technical assessment of its plant and machinery, has changed the depreciation method
Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (Listing Obligations and a) your dividend for the financial year 2012-13 will be transferred to
for certain assets from straight line to unit of production method to better reflect the pattern of consumption and also align the
Disclosure Requirements) Regulations 2015. Investor Education and Protection Fund (IEPF) and
method with the depreciaion method used by the holding company of the Group. The change has been made effective
The dividend, if declared, at the AGM, will be paid on or after 19* August, 2020,tothose Members b) your entire shares will be transferred to the Investor Education January 1, 2020.
whose names appear on the Company's Register of Members as on the Record Date, and in and Protection Fund (IEPF) Authority as prescribed in the above
respect of the shares held in dematerialised mode, to those Members whose names are furnished said Rules. As a result of this change, the depreciation charge for the six months ended June 30, 2020 is lower by Rs. 141 million and
by National Securities Depository Limited and Central Depository Services (India) Limited as Rs. 357 million in the standalone and consolidated unaudited results respectively. Impact of the change in the standalone and
No claim shall lie against the Company in respect of unclaimed dividend(s)
beneficial owners on thatdate. consolidated unaudited results for the quarter ended March 31,2020 is not material. Impact of this change on the subsequent
and shares transferred to IEPF pursuant to the said Rules.
As directed by SEBI, the dividend will be paid through electronic modetothe Members who have The details of concerned Shareholders including names, folio numbers periods would depend on the actual usage of these assets.
updated their bank account details. In the event the Company is unabletopay the dividendtoany o r DP ID - Client ID and the number of shares due for transfer to
Member by electronic mode, due to non-availability of the Bank Account details, the Company 3. Pursuant to review of the facts and circumstances of the operations of subsidiary, Bill Forge Mexico S.A. de. C.V. (BFM),
Demat A c c o u n t of IEPF Authority are available on Company's website the management has changed the functional currency from Peso to USD effective January 1, 2020 in accordance with the
shall dispatch the dividend warrant / cheque I demand draft to such Member at the registered
www.hegltd.com under Investors section, (web-link: http://www. requirements of Ind AS 21 -The Effects of Changes in Foreign Exchange Rates.
address by post, upon normalization of the postal services.
hep ltd.com/transfer-of-shares-to-IEPF/).
Members may note that pursuanttothe Income Tax Act, 1961, as amended by the Finance Act, Due to this change, previously recognised foreign currency loss of Rs. 418 million for the quarter ended March 31, 2020,
2020, dividend income will be taxable in the hands of the Members with eftectfoom 1 "April, 2020 and Shareholders may note that the shares transferred to IEPF, including
arising mainly from restatement of the loan in USD taken by the subsidiary from a CIE Automotive Group company, has
therefore, the Company shall berequiredtodeduct tax at source at the prescribedratestorvarious all benefits accruing on such shares (except Rights Issue), if any, can
categories. Members are requestedtoreferthe Finance Act, 2020 and amendments thereof. been reversed and March 31, 2020 have accordingly been revised.
be claimed back from IEPF Authority in accordance with the procedure
By order of the Board and on submission of such documents as prescribed under the Rules. 4. The above is extract of detailed format of quarterly Financial Results filed with the stock exchange under Regulation 33 of
For Compuage Infocom Limited, Shareholders can also refer to the details available on www.iepf.gov.in. the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
Sd/- For further information/clarification on the above matter, Shareholders
5. The full format of Quarterly/Annual results are available in the Company's website www.mahindracie.com and on the
Atul H. Mehta can write/contact to the Company's RTA or the Company at the above
nd website of stock exchanges www.nseindia.com and www.bseindia.com
Date: 22 July, 2020 Chairman and Managing Director mentioned address.
Place: Mumbai DIN: 00716869
For HEG Limited

g
For & on behalf of the Board of Directors
Sd /-
Place : Noida (U.P.) (Vivek Chaudhary)
Date : 22nd July, 2020 Company Secretary • h Date : July 21, 2020
Place : Pune Executive Director
6 ECONOMY & PUBLIC AFFAIRS
>
MUMBAI | THURSDAY, 23 JULY 2020 1

Modi sells reforms story Banks, unions agree Ex-Deloitte

partner gets
to 15% wage hike 7-year ban
to businesses in US
PRESS TRUST OF INDIA
Performance-linked pay for PSB staff for the first time
SOMESH JHA
in IFIN case
RUCHIKA CHITRAVANSHI
Washington, 22 July "Today, there is New Delhi, 22 July KEY HIGHLIGHTS New Delhi, 22 July
global optimism  Wage revision effective and above 15%15 days

P
rime Minister Narendra Modi on Bank managements and trade from November 2017 to The National Financial Rep-
towards India.  Banks with a hike in
Wednesday invited US companies unions on Wednesday agreed orting Authority (NFRA) has
This is because October 2022 operating profit above 5%
to invest in India’s health care, on a 15 per cent hike in the imposed a penalty of ~25 lakh
infrastructure, defence, energy, farm India offers a existing wage bill of 35 lenders,  The increase in wage bill but no net profit annually on former Deloitte partner
and insurance sectors, saying the coun- perfect combination along with a first-of-its-kind stood at ~7,898 cr on will get additional pay of Udayan Sen, with respect to
try offers openness, opportunities and of openness, performance-linked incentive payslip, compared to a only 5 days the IL&FS Financial Services
options for investments. opportunities (PLI) for state-owned banks. hike of ~4,725 cr in the (IFIN) statutory audit case.
 Increase in NPS
"Today, there is global optimism “The annual wage increase previous settlement It has also slapped on him
towards India. This is because India offers
and options” in salary and allowances is contribution to 14% of a 7-year ban from being
a perfect combination of openness, NARENDRA MODI agreed at 15 per cent of the wage  Banks with increase in basic pay, up from 10% at appointed an auditor or inter-
opportunities and options. Let me elabo- Prime Minister bill as of March 31, 2017, which operating profit of less present, subject to govt nal auditor of any company.
rate. India celebrates openness in people works out to be ~7,898 crore on than 5%will get no addi- approval Further, Sen cannot
and in governance," Modi said while pay slip components (annual- tional pay; those with 5-  No cap on family undertake any audit of finan-
addressing the India Ideas Summit, organ- ly),” according to a memoran- 10%will get additional pay pension payout, which is cial statements or internal
ised by the US-India Business Council. He dum of understanding between of 5 days, 10-15%10 days, audit of functions and activ-
said the coronavirus pandemic has shown the Indian Banks’ Association
~9,000 at present ities of any firm, owing to
the importance of economic resilience, and the United Forum of Bank professional misconduct.
which can be achieved by stronger Unions, representing workmen wage settlement. But the 15 per among different category of “As a professional
domestic economic capacities. "This the tech sector. Recently, an interesting ernment has made many efforts to make unions and officers’ associa- cent wage hike does not include banks, ie public sector, private accounting firm, we are sur-
means improved domestic capacity for report came out in India. It said for the the Indian economy more open and tions. The wage revision will be pension and superannuation sector and foreign banks. In prised and concerned with
manufacturing, restoring the health of first time ever, there are more rural reform oriented. effective from November 1, 2017, benefits. We will continue to order to inculcate a sense of the NFRA issuing and mak-
the financial system and diversification of internet users than even urban internet Reforms have ensured increased and will benefit around a mil- discuss the final terms of the competition and also to reward ing public an order against a
international trade," he added. users," he said. Stating that open mar- competitiveness, transparency, digiti- lion bank employees. This inc- agreement in the coming days,” the performance, the concept former partner of the firm, in
"India is emerging as a land of oppor- kets mean more opportunities, Modi sation, innovation and policy stability, ludes state-owned banks, old- All India Bank Employees’ of PLI is felt to be introduced,” spite of its jurisdiction being
tunities. Let me give you one example of said during the last six years the gov- the Prime Minister said. generation private banks such Association General Secretary the MoU said. The MoU will be sub-judice and awaiting adju-
as Federal Bank and Dhanlaxmi CH Venkatachalam said. converted into a formal agree- dication and disposal by the
Bank, and some foreign banks. All employees will get an ment within the next 90 days. Delhi High Court,” said a
The PLI for public sector additional pay of 5-15 days of Many private banks already Deloitte India spokesperson.
Recent clashes initiated by PLA, examples of India, US have ability banks (PSBs) will be a first
(which will be optional for pri-
basic and dearness allowance
components of their salary per
have a component of variable
pay in their salary structure.
The NFRA had issued a
show cause notice to Sen on
‘unacceptable behaviour’ of CCP: Pompeo to shape larger global vate and foreign banks that are
part of the agreement) and will
year, based on the profitability
levels. Banks reporting a yearly
Based on the individual’s and
bank’s performance, employ-
January 17, asking why action
should not be initiated
PRESS TRUST OF INDIA
Washington, 22 July
"Our infrastructure projects, our
supply chains, our sovereignty, and
agenda: Jaishankar be based on the annual operat-
ing or net profit of the lenders
increase in operating profit less
than 5 per cent will not give any
ees are offered variable pay in
the form of cash or stock-linked
against him for professional
misconduct, in terms of his
our people's health and safety are all India and the US individually. This is a departure performance incentive. Banks instruments along with performance as the engage-
US Secretary of State Mike Pompeo at risk. If we get it wrong,” Pompeo need to resolve the from the past practice of set- reporting an increase in oper- employee stock option plans. ment partner in the statutory
(pictured) on Wednesday said the said in his virtual keynote address to pending problems ting a fixed salary hike based ating profit of 5-10 per cent will The banks’ contribution to audit of IFIN in FY18.
recent clashes "initiated" by the annual 'India Ideas in trade relations on bilateral negotiations. give additional salary of 5 days, the National Pension System In response, Sen had
the Chinese military Summit' of the US India and move into Terming the agreement as 10-15 per cent 10 days and fund will be increased to 14 per filed a writ petition in the
against India in eastern Business Council. something bigger, “historic”, Sunil Mehta, chief above 15 per cent 15 days. cent (of the pay and dearness HC in February. The NFRA,
Ladakh are the latest exam- “The recent clashes ini- External Affairs executive officer of Indian But there are conditions to allowance part of the salary), in its order, noted that inde-
ples of the "unacceptable tiated by the People's Libe- Minister S Jaisha- Banks’ Association (IBA), said this as well. If banks, which up from 10 per cent right now, pendence of the statutory
behaviour" of the ruling ration Army (PLA) are just nkar (pictured) said the 15 per cent hike will include report operating profit above 5 according to the MoU. This will, auditor had, in mind and
Chinese Communist Party. the latest examples of the on Wednesday. a 2.5 per cent raise in basic pay per cent, do not clock annual however, require the approval appearance, been totally
Pompeo also praised Chinese Communist Party's In an online interactive session at the and dearness allowance com- net profit in those years, the of the government and will be compromised. It also
India's recent decision to unacceptable behaviour. We India Ideas Summit, he said the two coun- ponents worth ~1,155 crore. He employees will get an addi- approved on a prospective accused Sen of intentional
ban 59 Chinese apps, inclu- were deeply saddened by tries have the ability to shape a larger glob- said the banks and unions have tional pay of only 5 per cent. manner from the date when reckless behaviour.
ding TikTok, which he said presents the deaths of 20 Indian service mem- al agenda. “I understand the centrality of given in-principle approval to The new agreement will the settlement is signed. “CA Sen was not unaware
"serious security risks" to the Indian bers. I'm confident that with our con- the economic relations....These are bread remove the cap on family pen- cover officers up to scale-VII The final settlement will of requirements of the statu-
people. “It's important that democra- certed efforts, we can protect our inter- and butter issues. These are really what sion of ~9,000. Bank employ- grade, which include general state in clear terms the distri- tory auditors. He should
cies like ours work together, especial- ests,” he said. Indian and Chinese make countries deal with each other. But I ees are entitled to pension of managers, deputy general man- bution of annual wage increase have reasonably foreseen
ly as we see more clearly than ever troops have been locked in a standoff think, between India and the US, while we 30 per cent of the basic pay. agers, assistant general manag- of 15 per cent between work- that the likely or actual con-
the true scope of the challenge posed along the Line of Actual Control in work through trade issues, we need to “We are happy that despite er and divisional managers. men and officers. sequence of his action would
by the Chinese Communist Party. eastern Ladakh since May 5. think bigger,” he said. PTI the ongoing Covid-19 pandem- “In today’s banking sce- amount to non-compliance,”
ic, an MoU could be signed for nario, there is stiff competition More on business-standard.com said the order.

Business Standard
MUMBAI EDITION
Printed and Published by Sangita Kheora
on behalf of Business Standard Private
Limited and Printed at M/s. Dangat Media
Private Limited, 22 Digha M.I.D.C., TTC
Industrial Area, Vishnu Nagar, Digha, Navi
Mumbai, 400708 and M/s. Nai Dunia
23/4, 23/5, Sector-D, Industrial Area, J.K.
Road, Near Minal Residency, Bhopal
(M.P.)-462023. & Published at
H/4 & I/3, Building H, Paragon Centre, Opp.
Birla Centurion, P.B.Marg, Worli, Mumbai- 400013

Editor : Shyamal Majumdar

RNI NO: 66308/1996
Readers should write their feedback at
feedback@bsmail.in
Fax : +91-11-23720201
For Subscription and Circulation
enquiries please contact:
Ms. Mansi Singh
Head-Customer Relations
Business Standard Private Limited.
H/4 & I/3, Building H,Paragon Centre, Opp.
Birla Centurion, P.B.Marg, Worli,
Mumbai - 400013
E-mail: subs_bs@bsmail.in
“or sms, SUB BS to 57007”

Overseas subscription:
(Mumbai Edition Only)
One year subscription rate by air mail
INR 51765 : USD 725
DISCLAIMER News reports and feature articles in
Business Standard seek to present an unbiased pic-
ture of developments in the markets, the corporate
world and the government. Actual developments
can turn out to be different owing to circumstances
beyond Business Standard’s control and knowledge.
Business Standard does not take any responsibility
for investment or business decisions taken by read-
ers on the basis of reports and articles published in
the newspaper. Readers are expected to form their
own judgement.
Business Standard does not associate itself with or
stand by the contents of any of the advertisements
accepted in good faith and published by it. Any
claim related to the advertisements should be direct-
ed to the advertisers concerned.
Unless explicitly stated otherwise, all rights reserved
by M/s Business Standard Pvt. Ltd. Any printing,
publication, reproduction, transmission or redissem-
ination of the contents, in any form or by any
means, is prohibited without the prior written con-
sent of M/s Business Standard Pvt. Ltd. Any such
prohibited and unauthorised act by any person/legal
entity shall invite civil and criminal liabilities.
No Air Surcharge
Business Standard MUMBAI | T H U R S D A Y , 23 J U L Y 2 0 2 0 7
2nd E-AUCTION SALE NOTICE mycem HeidelbergCement India Limited
for better building CIN: L26942HR1958FLC042301
Sale of Assets/Properties of corporate debtor Regd. Office: 9th Floor, Infinity Tower - C, DLF Cyber City
Phase II, Gurugram, Haryana - 1 2 2 002
Transfer of Equity Shares to PUNJAB BASMATI RICE LIMITED - IN LIQUIDATION P h . : 0124 - 4503700, Fax : 0124 - 4147698
Investor Education and Protection Fund (CIN No. U15312PB1995PLC015550) Email Id: investors.mcl@mycem.in; Website: www.mycemco.com
Members are hereby informed that in terms of Section 124 of the Companies Regd Office & Factory Premises: Sangrana Sahib, Tarn Taran Road, Amritsar-143 001(Punjab)
Statement of Unaudited Financial Results for the Quarter Ended 30.06.2020
Act, 2013 and Investor Education and Protection Fund Authority (Accounting, "The corporate debtor namely Punjab Basmati Rice Limited is under Liquidation Process by Hon'ble NCLT,
Audit, Transfer and Refund) Rules, 2016, Equity Shares of the Company, X in Million
Chandigarh Bench. Chandigarh (AA) under IBC,2016vide order dated 18.12.2019 in
in respect of which dividend entitlements have remained unclaimed or SI. Particulars 3 months Preceding Corresponding Previous
C P (I B )NO. 340/CH D/P B/2018 "
unpaid for seven consecutive years or more, are required to be transferred No ended 3 months 3 months Year ended
to the Investor Education and Protection Fund (IEPF). Liquidator's Name & Registration No, Sanjay Kumar Aggarwal, 30.06.2020 ended ended 31.03.2020
The concerned Members are being provided an opportunity to claim such IBBI/IPA-002/N-00126/2017-18/10295 31.03.2020 30.06.2019
dividend for the year ended 31st March, 2013 and onwards by sending a # 14, New Punjab Mata Nagar. Main Street, Pakhowal (Refer note 3)
Registered Address with IBBI
letter under their signature so as to reach the Company by 19th October, Unaudited Audited Unaudited Audited
Road, Ludhiana -141 013 (Punjab)
2020. The details of the concerned Members and the shares to be transferred
1 Revenue f r o m o p e r a t i o n s
to IEPF are available on the Company's Investors' Information website Mobile & E-mail ID Wl-98761 05414.
www.pressmanadvertising.in under the section 'Investor Information'. After a. Sales/Income from operations 4,062.7 5,092.9 5,824.4 21,576.4
E-mail ID: sanjayaggarwal.fcs@gmail.com
the shares are transferred to IEPF, it can be claimed by the members only b. Other operating revenue 14.3 4.8 67.9 119.8
from IEPF by following the procedures prescribed in the said Rules (log on N o t i c e is hereby given to the public in general under the Insolvency and Bankruptcy Code, Total Revenue f r o m o p e r a t i o n s 4,077.0 5,097.7 5,892.3 21,696.2
to www.iepf.gov.in for details). 2016 and regulations framed thereunder that the assets & properties of the said corporate
2 Other i n c o m e 97.8 170.2 118.3 527.3
debtor stated in Table below, will be sold by E-Auction; to be conducted on E-auction platform
Individual letters have been sent to the concerned Members at their address 3 Total i n c o m e (1+2) 4,174.8 5,267.9 6,010.6 22,223.5
electronically through the service provider namely M/s Linkstar Infosys Private Limited -via
registered with the Company. Clarification on this matter, if required, website http: //www.eauctions.co.in by the Liquidator 4 Expenses
may be sought from Niche Technologies Private Limited 3A Auckland a. Cost of materials consumed 704.3 878.7 1,056.5 3,835.9
Place, 7th Floor, Room No. 7A & 7B, Kolkata - 700 017, email: • a t e and Time of E-Auction 07,08,2020 b. Changes in inventories of finished goods 22.9 (120.9) 73.0 50.6
nichetechpl@nichepl.com, Phone: (033) 2280-6616/17/18. Email may also and work-in-progress
Last Date for Submission of EMD 05.08,2020
be send to ir@pressmanindia.com.
c. Employee benefits expense 269.1 339.5 314.5 1,311.9
No claim shall lie against the Company in respect of unclaimed dividend(s) Inspection Date & Time Any working day at 10 00 a m to 5 00 p m from 27 07 2020 to
onwards with prior intimation to Liquidator d. Finance costs 159.9 162.5 198.2 738.5
and shares transferred to IEPF pursuant to the said Rules. However, the
e. Depreciation and amortisation expense 276.3 275.3 278.6 1,086.1
concerned shareholders can claim back the unclaimed dividend(s) and the Lot Brief Descriptions of Assets/Properties and Reserve Price Time and date of
shares transferred to the IEPF Authority from IEPF Authority in accordance f. Power and fuel 836.5 1,118.6 1,215.2 4,736.0
No. Address thereof e-auction
with the procedure and on submission of such documents as prescribed g. Freight and forwarding expense 551.9 689.5 796.9 2,879.0
Composite Sale of Plant & Machinery, Rs. 3950 11.30 a.m
under the Rules. Shareholders can also refer to the details available on h. Other expenses 609.0 918.9 859.6 3,604.9
Equipments thereto and other misc assets Lacs to
www.iepf.gov.in. For further information/clarification on the above matter, Total e x p e n s e s (a t o h) 3,429.9 4,262.1 4,792.5 18,242.9
And 4.30 p.m
shareholders can write to the Company Secretary at Company's Head 5 Profit before exceptional items & t a x (3-4) 744.9 1,005.8 1,218.1 3,980.6
office at Pressman House, 10A Lee Road, Kolkata - 700 020 Land & Building comprises of Land on
07.08.2020 6 Exceptional items - - - -
(e-mail: cs@pressmanindia.com) or to the Company's Registrar and Share admeasuring 127 kanals 16 marlas (About
7 Profit/(Loss) before tax (5-6) 744.9 1,005.8 1,218.1 3,980.6
Transfer Agent, M/s Niche Technologies Private Limited, 3A, Auckland 15.98 Acres- 77319 sq.yards) in the
Place, 7th Floor, Room No. 7A & 7B, Kolkata - 700 017 at Phone Nos: 8 Tax expense
revenue estate of Village Chhaba (About 2.78
033 2280-6616, 2280-6617/6618, Fax: 033 2280 6619, E-mail: Current tax 130.4 172.8 262.8 691.7
Acres and at Village Guru wall (Gilwali) Tehsil &
nichetechpl@nichetechpl.com. Deferred tax 125.1 170.1 165.0 608.3
Distt. Amritsar-2) (About 13.19 Acres) in front of
For Pressman Advertising Limited 9 Net Profit/(Loss) f o r the p e r i o d (7-8) 489.4 662.9 790.3 2,680.6
each other separately (Geographic Location of
Date : July 22,2020 Paulami Mukherjee 10 Other c o m p r e h e n s i v e i n c o m e
property: Latitude: 31.575928, Longitude:
Place : Kolkata Company Secretary i Items that will not be reclassified to - (17.8) - (25.7)
74.886020) and Entire Building, Industrial
Profit & Loss
PRESSMAN ADVERTISING LIMITED Sheds and structures thereof including
ii Income tax relating to items that will not - 6.2 - 9.0
CIN: L74140WB1983PLC036495 electrical installations and open development
be reclassified to Profit & Loss
Registered Office: Pressman House, 10A Lee Road, Kolkata - 700 020 area with boundary wall is9"thick brick wall laid
Total Other c o m p r e h e n s i v e i n c o m e
Phone:(033)40310810 in cement mortar, plastered/un-plastered with an
Website: www.pressmanadvertising.in; Email: ir@pressmanindia.com (net o f tax) - (11.6) - (16.7)
average height of 2 50 Mtrs. etc. in the name of
11 Total C o m p r e h e n s i v e I n c o m e after tax (9+10 489.4 651.3 790.3 2,663.9
company " Punjab Basmati Rice Limited - In
12 Paid-up equity share capital 2,266.2 2,266.2 2,266.2 2,266.2
Liquidation having it's Registered Office and
(Face Value is ?10 per share)
SCHEDULE II factory premises at Village Sangrana Sahib,
13 Other Equity - - - 10,880.2
FORM B Tarn Taran Road, Amritsar- 143 001(Punjab).
14 Earnings per share o f 710 each - Not
PUBLIC ANNOUNCEMENT
annualised
(Regulation 12 of the Insolvency and Bankruptcy Board of India For details and descriptions of assets &
(a) Basic (in 7) 2.16 2.93 3.49 11.83
(Liquidation Process) Regulations, 2016.) properties and detailed terms & Conditions of
(b) Diluted (in 7) 2.16 2.93 3.49 11.83
FOR THE ATTENTION OF THE STAKEHOLDERS OF E-auction Sale, refer TENDER DOCUMENT
JAS INFRASTRUCTURE AND POWER LIMITED Notes:
available on http://www.eauctions.co.in :
1) The Company operates in a single segment i.e. manufacture and sale of Cement.
1. NAME OF CORPORATE DEBTOR JAS INFRASTRUCTURE AND POWER LIMITED which is part of this Sale Notice. 2) The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the
2. DATE OF INCORPORATION OF 16/07/2002 Company at its meeting held on 22 July 2020.
Notes: 3) The figures for the quarter ended 31 March 2020 are the balancing figures between audited figures inrespectof full
CORPORATE DEBTOR
1 The EMD (Refundable) shall be payable by interested bidders through NEFT/RTGS/Bank Transfer financial year and the unaudited published year-to-date figures upto 31 December 2019 which were subjected to
3. AUTHORITY UNDER WHICH REGISTRAR OF COMPANIES, KOLKATA only on or before29th day of July ,2020 in " Punjab Basmati Rice Limited - In Liquidation " Account. limited review.
CORPORATE DEBTOR IS (WEST BENGAL) 2. E-Auction will be conducted on "AS IS WHERE IS", "AS IS WHAT IS" and "WHATEVER THERE 4) In compliance with the directions issued by the Central and State Governments to contain the spread of COVID-19
INCORPORATED/REGISTERED pandemic, the Company suspended manufacturing operations in its plants in the last week of March 2020. The
IS BASIS" through the service provider namely M/s. Linkstar Infosys Private Limited -via website
4. CORPORATE IDENTITY NUMBER / U40109WB2002PLC162558 http: //www.eauctions.co.in on e-auction platform electronically. operations were resumed in a phased manner with effect from 20 April 2020 under strict observance of guidelines
LIMITED LIABILITY IDENTITY issued by respective district administrations to mitigate the risk of COVID-19. The Company is taking all possible
3. For detailed terms & Conditions of E-auction Sale, refer TENDER DOCUMENT available on steps to mitigate the effect of COVID-19 on its business and operations to the extent possible and has considered all
NUMBER OF CORPORATE DEBTOR
http://www.eauctions.co.in possible effects from COVID-19 in the preparation of these financial results. The management has also evaluated
5. ADDRESS OF THE REGISTERED REGISTERED OFFICE: FE-83, SECTOR-MI SALT 4. For E-Auction details, contact Mr.Dixit Prajapati M-7874138237 or admin@eauctions.co.in or the possible impact of the pandemic on the business operations and based on its assessment of the current
OFFICE AND PRINCIPAL OFFICE LAKE CITY, GROUND FLOOR KOLKATA, WEST Liquidator (Sanjay Kumar Aggarwal) indicators of the future economic conditions, it is expected that the carrying amount of assets will be recovered.
(IF ANY) OF CORPORATE DEBTOR BENGAL-700106, INDIA Signed and issued by 5) Figures of the previous year/periods have been reclassified / regrouped / restated, wherever necessary.
ADDRESS WHERE ALL OR ANY OF THE
SANJAY KUMAR AGGARWAL For and on behalf of the Board of Directors
PAPERS AND BOOKS OF ACCOUNTS IS Place: L u d h i a n a
MAINTAINED: 4TH & 5TH FLOOR, LANDMARK L i q u i d a t o r of P u n j a b B a s m a t i Rice L i m i t e d - In L i q u i d a t i o n (Jamshed Naval Cooper)
Date : 22.D7.2D2D IBBI Reg. No. IBBI/IPA-002/N-00126/2017-18/10295 Place: Gurugram Managing Director
BUILDING WARDHA ROAD NAGPUR 440010
Date : 22 July 2020 DIN 01527371
MAHARASTRA
6. DATE OF CLOSURE OF 16/07/2020
INSOLVENCY RESOLUTION
PROCESS
7. LIQUIDATION COMMENCEMENT 17/07/2020
PONNI SUGARS (ERODE) LIMITED
DATE OF CORPORATE DEBTOR \ CIN:L15422TN1996PLC037200
8. NAME, ADDRESS, EMAILADDRESS, NAME: KANNAN TIRUVENGADAM / Regd.Office: "ESVIN House", 13, Rajiv Gandhi Salai (OMR), Perungudi, Chennai 600 096 E3J©e
TELEPHONE NUMBER AND THE ADDRESS: NETAJISUBHAS VILLA FLAT NO. 3 Phone: 044-24961920,24960156, Email: admin@ponnisugars.com
REGISTRATION NUMBER OF THE C, 3RD FLOOR, 18 KARUNAMOYEE GHAT ROAD CIN:L17229UP1994PLC017199
LIQUIDATOR NEAR DHARAPARATOLLYGUNGE, KOLKATA, Investor Grievance ID: lnvestor@ponnlsugars.com Website: www.ponnlsugars.com
WEST BENGAL, 700082 Registered and Corporate Office: Kamla Tower, Kanpur-208001, Uttar Pradesh, India
EMAIL: calkannan@gmail.com / Telephone: + 9 1 512 2371478/81, Fax: + 9 1 512 2399854
liquidation.jipl@gmail.com NOTICE Email: shambhu.singh@jkcement.com Web: www.jkcement.com
TELEPHONE NUMBER:033-24202487
REGISTRATION NO. IBBI/IPA-001/IP- 1. AGM N o t i c e
P00253/2017-18/10482 Notice is hereby given that the 24th Annual General Meeting (AGM) of the NOTICE OF THE 26 TH ANNUAL GENERAL MEETING,
9. LAST DATE FOR SUBMISSION OF 16/08/2020
CLAIMS
company will be held through Video Conference (VC)/ Other Audio Visual INFORMATION ABOUT REMOTE E-VOTING AND BOOK CLOSURE
Notice is hereby given that the Hon'ble National Company Law Tribunal, Kolkata Bench has
Means (OAVM) on Wednesday, the 19th August 2020 at 11.00 AM in Notice is hereby given that the 26th Annual General Meeting ('the AGM') of the Company is scheduled to be held on
ordered the commencement of liquidation of the JAS INFRASTRUCTURE AND POWER LIMITED compliance with the provisions of the Companies Act, 2013, MCA circulars Friday, the 14th August 2020 at 12 Noon through Video Conferencing/Other Audio Visual Means (OAVM) to
on 17th July 2020. dated 08.04.2020, 13.04.2020 and 05.05.2020 and SEBI circular dated transact the Ordinary and Special Business, as set out in the Notice of the AGM in compliance with applicable
The stakeholders of JAS INFRASTRUCTURE AND POWER LIMITED are hereby called upon
to submit a proof of their claims, on or before 16th August 2020, to the liquidator at the address 12.05.2020 to transact the business set out in the Notice convening theAGM. provisions of the Companies Act (the Act1) read with MCA Circular No. 14/2020 dated April 08,2020, MCA Circular
mentioned against item No. 8. No. 17/2020 dated April 13,2020 and MCA Circular No. 20/2020 dated May 5,2020.
The financial creditors shall submit their claims with proof by electronic means only. All other
2. S e r v i c e of d o c u m e n t s In compliance with the circulars of MCA and SEBI, electronic notice of AGM and Integrated Annual Report
creditors may submit the claims with proof in person, by post or by electronic means. The daim In compliance with the above MCA and SEBI circulars, electronic copy of (containing Notice, Director's Report, Report on Corporate Governance, Management Discussion and Analysis
forms can be downloaded from IBBI website:https://www.ibbi.gov.in/home/downloads
Submission of false or misleading proofs of claim shall attract penalties.
the Annual Report for FY 2019-20 comprising the Notice of the 24th AGM, Auditors Report, Standalone and Consolidated Accounts etc) of the Company for the financial year 2019-20 have
Financial Statements, Board's Report, Auditor's Report and other been sent to all the members whose email Ids were registered with the Company/ Depository Participant(s). These
CA. Kannan Tiruvengadam
documents required to be attached thereto has been sent to all the documents are also available on the website of the company at www.jkcement.com, BSE Limited
Date: 22nd July 2020 IBBI/1PA-001 /1P-P00253/2017-18/10482
members whose email addresses are registered with the Depository (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com) and CDSL
Place: Kolkata Liquidator in the matter of Jas Infrastructure and Power Limited
(www.evotingindia.com). The dispatch of Notice of the AGM through emails has been completed on 22nd July,
Participants (DPs) I Registrar and Transfer Agent (RTA). These documents
2020.
are also available on the Company's website and on the websites of the
Pursuant to Section 108 of the Companies Act, 2013 Rule 20 of the Companies (Management and Administration)
Stock Exchanges ie. BSE Ltd. (www.bseindia.com) and National Stock
Rules, 2014 (as amended) and Regulation 44 of Securities and Exchange Board of India (Listing Obligations &
Exchange of India Ltd. (www.nseindia.com).
ALEMBIC PHARMACEUTICALS LIMITED Disclosure Requirements) Regulations, 2015 (as amended), the Company is providing facility of remote e-voting to
Regd. Office: Alembic Road, Vadodara 390 003 3. C l o s u r e of RoM its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has engaged
CIN:L24230GJ2010PLC061123 Central Depository Services (India) Limited ("CDSL").
Notice is hereby given that the Register of Members and Share Transfer
Ph: 0265-2280550 Fax: 0265-2282506 The remote e-voting period begins on Tuesday 11 th August 2020, at 10 A.M. and will end on Thursday 13th August
Email: apl.investors@alembic.co.in
Books of the company will remain closed from Thursday, the 13th August
2020 at 5 RM. During this period shareholders' of the Company, holding shares either in physical form or in
Website: www.alembicpharmaceuticals.com 2020 to Wednesday, the 19th August 2020 (both days inclusive).
dematerializedform, as on the cut-off date 7th August, 2020 i.e. Record Date may cast their vote electronically. The
4. e - V o t i n g e-voting module shall be disabled by CDSL for voting thereafter. Members who have cast their vote by remote e-
Extract of Statement of Consolidated Unaudited Financial Results for
voting prior to the AGM may attend/ participate in the AGM through VC/0AVM but shall not be entitled to cast their
the quarter ended 30th June, 2020. The company is providing the facility for its members to cast their votes in
vote again. Any person who is not a Member as on the cut-off date should treat this Notice for information purposes
respect of all the items of business proposed for the 24th AGM under any
(? in Crs. except per share data) only.
one of the options (a) remote e-voting facility (b) e-voting at the AGM
Members may access the CDSL e-voting system at the weblink: https://www.evotingindia.com under
Quarter Ended Year Ended Quarter Ended venue. For voting instructions, members may go through the voting shareholders/members login. The same link is valid for joining the AGM on the meeting day. The detailed
Particulars 30.06.2020 31.03.2020 30.06.2019 process and instructions given in pages 15-17 of the Annual Report. instructions for the remote e-voting process, joining the AGM and e-voting during the AGM are given in the Notice of
Unaudited Audited Unaudited Members may take specific note of following: the AGM. The attendance of the Members attending the AGM through VC/0AVM will be counted for the purpose of
Total Income from Operations 1,341.32 4,605.75 948.91 reckoning the quorum under Section 103 of the Act.
(i) The cut-off date for determining the voting rights is Wednesday, the
Net Profit for the period (before Tax, 359.50 1,043.47 187.82 Members are permitted to join the AGM through VC/0AVM, 15 minutes before the scheduled time of
12th August 2020.
Exceptional and/ or Extraordinary commencement of the meeting and upto 15 minutes after such scheduled time.
items) (ii) Only persons whose names are recorded in the Register of Members Those members whose e-mail ids are not registered with the depositories for obtaining login credentials for e-
Net Profit for the period before tax 359.50 999.82 155.04 or in the Register of Beneficial owners maintained by the Depositories voting are requested to send required details and documents by following instructions below:
(after Exceptional and/ or as on the cut-off date are entitled to vote under any one of the voting 1. For Physical shareholders- please provide necessary details like Folio No., Name of shareholder, scanned
Extraordinary items) options. copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card),AADHAR(self
Net Profit for the period after tax 301.46 828.82 123.72 attested scanned copy of Aadhar Card) by email to (1) jkshr@jaykayenterprises.com (2)
(iii) For those who have become members after the dispatch of the AGM jkshr@jkcement.com (3) rc.srivastava@jkcement.com (4) investorservices@jkcement.com
(after Exceptional and/ or
Extraordinary items) Notice but before the date of AGM, the Company would be sending 2. For Demat shareholders - please provide Demat account detials (CDSL-16 digit beneficiary ID or NSDL-16 digit
Total Comprehensive Income for 287.46 798.88 117.19
them the 24th Annual Report to their registered email address as and DPID + CLID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned
the period when they become members and they can exercise their voting right in copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to (1) jkshr@jaykayenterprises.com

Equity Share Capital 37.70 37.70 37.70 the same manner as above. (2) jkshr@jkcement.com (3) rc.srivastava@jkcement.com (4) investorservices@jkcement.com
The statutory registers including Register of Directors, Key Managerial Personnel, the Register of Contracts under
Reserves (excluding Revaluation 3,181.71 (iv) The remote e-voting will commence on Saturday, the 15th August
the Companies Act, 2013 and all other documents referred to in the Notice will be available for inspection in
Reserve) as shown in the Audited 2020 (10.30AM) and end on Tuesday, the 18th August 2020 (5.00 PM) electronic mode. Members can inspect the same by sending an email to Email id: shambhu.singh@jkcement.com
Balance Sheet of previous year and will not be available beyond that time. Mrs. Reena Jakhodia, Practicing Company Secretary (ICSI FCS 6435, CP 6083) has been appointed as the
Earning Per Share (of Rs. 2/- each) 15.99 43.97 6.56
(v) The members as on the cut-off date attending the AGM are entitled to Scrutinizer to scrutinize the 'remote e-voting' process and voting at the AGM, in a fair and transparent manner.
Basic & Diluted"
exercise their voting right at the meeting through e-Voting, in case they The results declared along with the report of the Scrutinizer shall be placed on the website of the Company at
Research and Development Expenses 142.61 644.82 140.29 www.jkcement.com and on the website of CDSL www.evotingindia.com immediately after the declaration of result
have not already cast their vote by remote e-voting. No voting is
by the Chairman or a person authorized by him in writing.
Notes: permissible after the end of theAGM.
Shareholders who would like to express their views/ask questions during the meeting may register themselves as a
1. Standalone details Quarter Ended Year Ended Quarter Ended (vi) Members who have cast their votes by remote e-voting are also speaker by sending their request in advance along with the written copy of the questions to be asked at least 7 days
30.06.2020 31.03.2020 30.06.2019 entitled to attend the AGM but they cannot cast their vote again at the prior to meeting mentioning their name, demat account number/folio number, email id, mobile number at email id:
Unaudited Audited Unaudited
AGM. shambhu.singh@jkcement.com. The shareholders who do not wish to speak during the AGM but have queries
Income from Operations 1,258.43 4,132.55 896.74 may send their queries in advance 7 days prior to meeting mentioning their name, demat account number/folio
Profit Before Tax 381.57 1,166.79 190.80
(vii) Website address of CDSL providing Remote e-Voting and e-Voting number, email id, mobile number at mail id: shambhu.singh@jkcement.com. These queries will be replied to by
Profit After Tax 318.64 969.40 155.22
services: www.cdslindia.com the company suitably by email.
Research and Development 125.46 573.67 121.25 (viii) Contact details in case of grievances pertaining to Remote e-Voting I In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions ("FAQs")
Expenses e-Voting facility: and e-voting manual available at www.evotingindia.com, under help section or write an email to
helpdesk.evoting@cdslindia.com or contact Mr. Nitin Kunder (022-23058738) or Mr. Mehboob Lakhani (022-
2. The above is an extract of the Unaudited Financial Results filed with the Stock Exchanges. The detailed Mr Rakesh Dalvi, Manager, Central Depository Services (India) Ltd 23058543) or Mr. Rakesh Dalvi (022-23058542).
Financial Results are available on the Company's website at www.alembicpharmaceuticals.com and 25th Floor, Marathon Futurex, Mafatlal Mill Compound, NM Joshi Marg, Members are requested to intimate change, if any, in their address (with PIN Code), E-mail ID, nominations, bank
the Stock Exchange's website at www.nseindia.com and www.bseindia.com Lower Parel, Mumbai 400 013. details, mandate instructions, National Electronic Clearing Service ("NECS") mandates, etc. underthe signature of
Email ID: helpdesk.evoting@cdslindia.com, Phone: 1800 225 5331 the registered holder(s) atshambhu.singh@jkcement.com
For Alembic Pharmaceuticals Limited 022-23058542/8543 By Order of the Board
Sd/-
Place: Vadodara
(By Order of the Board) Sd/-
Chirayu Amin
Chennai N. Ramanathan Place: Kanpur (Shambhu Singh)
Date: 22nd July, 2020 Chairman and CEO
22nd July 2020 Managing Director Date: 22th July, 2020 Asst. Vice President (Legal) & Company Secretary
V -
8
>
MUMBAI | THURSDAY, 23 JULY 2020

ZUARI AGRO CHEMICALS LIMITED

CIN: L65910GA2009PLC006177
Reg. Office: Jai Kisaan Bhawan, Zuarinagar, Goa - 403 726.
Phone: 0832 2592180 Email: shares@adventz.com Website: www.zuari.in
NOTICE TO SHAREHOLDERS
Transfer of Equity Shares of the Company to
Investor Education and Protection Fund (IEPF) Authority
Shareholders are hereby informed that pursuant to the provisions of
Investor Education and Protection Fund Authority (Accounting, Audit,
Transfer and Refund) Rules, 2016 (”the Rules”) the final dividend for the
financial year 2012-13, which remained unclaimed for a period of
seven years will be credited to the IEPF on the due date. The
corresponding shares on which dividend was unclaimed for seven
consecutive years will also be transferred as per the procedure set out
in the Rules.
The Company will not transfer such shares to the IEPF where there is a
specific order of Court / tribunal restraining any transfer of such shares
or where the shares are hypothecated / pledged under the Depositories
Act, 1996.
In view of the COVID-19 Pandemic across the world, the Company shall
dispatch the notices to the shareholders who have not claimed their
dividend for seven consecutive years or more, once normalcy resumes
and time still permits. The complete details of the concerned
shareholders whose dividends are unclaimed for seven consecutive
years and whose shares are due for transfer to IEPF are being uploaded
on the Company’s website www.zuari.in.
Shareholders are requested to claim the final dividend for the
financial year 2012-13 and onwards before the same is transferred to
the IEPF.
Concerned shareholders holding shares in physical form and whose
shares are liable to be transferred to IEPF, may note that the Company
would be issuing duplicate share certificate(s) in, lieu of the original held
by them for the purpose of transfer of shares to IEPF and upon such
issue, the Company shall inform the depository by way of corporate
action to convert the duplicate share certificates into DEMAT form and
transfer in favour of IEPF. The original share certificate(s) which are
registered in the name of original shareholders will stand automatically
cancelled and be deemed non-negotiable. Concerned shareholders
holding shares in dematerialized form may note that the Company shall
inform the depository by way of corporate action for transfer of shares in
favour of the DEMAT account of the IEPF.
The shareholders may further note that the details made available by
the Company on its website should be regarded and shall be deemed
adequate notice in respect of issue of duplicate share certificate(s) by
the Company for the purpose of transfer of shares to IEPF.
In case the Company does not receive any communication from the
concerned shareholders on or before 23rd October, 2020 the Company
with a view to adhering with the requirements of the Rules, transfer the
dividend to the IEPF by the due date.
The corresponding shares on which dividend is unclaimed for seven
consecutive years shall also be transferred without any further notice.
Please note that no claim shall lie against the Company in respect
of unclaimed dividend amount and shares transferred to IEPF.
Shareholders may claim the dividend and corresponding shares
transferred to IEPF including all benefits accruing on such shares,
if any, from the IEPF authorities after following the procedure prescribed
in the Rules.
For any queries on the above matter, Shareholders are requested
to contact the Company’s Registrar and Share Transfer Agents,
M/s. Link Intime India Private Limited, C-101, 247 Park, LBS Marg,
Vikhroli (West), Mumbai - 400 083. Tel. No. (022) 4918 6270 email:
iepf.shares@linkintime.co.in
For Zuari Agro Chemicals Limited

Place : Zuarinagar Vijayamahantesh Khannur

Date : 22/07/2020 Company Secretary
Business Standard MUMBAI | T H U R S D A Y , 23 J U L Y 2 0 2 0 9
<g>
P C M SHRIRAM
Deepak Industries Limited
CIN NO.L63022WB1954PLC021638 NAVA BHARAT VENTURES LIMITED Growing with trust
Registered office: 16, Hare Street,
Regd.Office:6-3-1109/1, 'Nava Bharat Chambers'
Kolkata-700 001
www.dil-india.com Email: secretary@diiHndia.com.
Raj Bhavan Road, Hyderabad- 500 082, Telangana D C M SHRIRAM LTD.
Tel No. (033) 2248-2391/92/93 Fax No. 033-224M382
Regd. Office^"" Floor (West Wing), Worldmark 1, Aerocity, New Delhi-110037
Tel: +91 40 23403501 / 40345999 e-Fax : 080 6688 6121; CIN : L74899DL1989PLC034923; E-mail: response@dcmshriram.com; Website : www.dcmshriram.com
NOTICE
NoticeisherebygiventhatameetingoftheBoardof E-mail: investorservices@nbv.in; Website: w w w . n b v e n t u r e s . c o m Tel : 011-42100200
Directors of the Company will be held at 16, Hare CIN : L27101TG1972PLC001549 F O R M DPT-1 Certificate b y Statutory A u d i t o r
Street, Kolkata-700 001 on Tuesday, the C I R C U L A R OR C I R C U L A R IN T H E F O R M O F A D V E R T I S E M E N T I N V I T I N G D E P O S I T S
28/07/2020 inter-alia, to consider and take on Notice of Board Meeting to be held on August 3, 2020 [Pursuant to section 73 (2) (a) and section 76 of the Companies Act, 2013 and rule 4(1) and 4(2) To
record the Audited Financial Results of the A meeting of the Board of directors of the Company will be held of the Companies (Acceptance of Deposits) Rules, 2014 ] The Board of Directors
Company for the year ended on31/03/2020 and this • GENERAL INFORMATION M/s DCM Shriram Limited
intimation is also available on the website of the
on Monday, August 3, 2020, inter alia, to consider and approve 2™ Floor, (West Wing),
Name, address, website and other contact details of the Company Business carried on by the Company and Its subsidiaries with
Company www.dil-india.com and on the website of the unaudited financial results (standalone and consolidated) DCM Shriram Limited the details of branches or units, If any; Worldmark 1, Aerocity,
The Calcutta Stock Exchange Ltd www.cse- for the first quarter ended June 30,2020 pursuant to Regulation CIN No. : L74899DL1989PLC034923 The Company is engaged in the business of manufacture/sale of New Delhi-110037,
2!" Floor (West Wing), Worldmark 1, Aerocity, New Delhi-110037 Fertilisers, Power, Sugar (including distillery and cogen powder), India
india.com. 33 of SEBI (Listing Obligations and Disclosure Requirements)
Tel : 011-42100200 PVC Resin, Carbide, Caustic Soda, Cement, Stable Bleaching
Date: 22.07.2020 For Deepak Industries Ltd. Regulations, 2015. Website : www.dcmshriram.com ^ Powder, Chlorine, Hydro Chloric Acid, Seeds, UPVC Windows &
Auditor's Certificate on default in
repayment of deposits and Interest
Place: Kolkata Manish Khanna, CFO Doors and Aluminum Windows and Agri Input Merchandising etc.
For NAVA BHARAT VENTURES LIMITED Date of Incorporation of the Company: 6" February, 1989 thereon
Units of the Company: The plants are situated at Bharuch (Gujarat), Ajbapur, Rupapur, Hariawan & Loni (U P), Kota & Bhiwadi (Rajasthan), I .This certificate is issued in accordance
Place : Hyderabad VSN Raju with the terms of our agreement dated
Hyderabad (Telangana) and Chennai (Tamil Nadu).
Date : July 22, 2020 Company Secretary & Vice President July 04, 2020 and addendum thereto
The details of the Subsidiaries of the Company are as under: dated July 21,2020.
Sr. Na Name of the Subsidiaries Business/ Objects 2,The accompanying Form DPT -1
1. DCM Shriram Credit and Investments Ltd. NBFC Company - Non deposit taking category 'Circular or Circular in the form of
DCM Shriram Aqua Foods Ltd. Dealing in Sea Foods Advertisement Inviting Deposits' (the
Bioseed India Ltd. Trading of seeds "Statement") of DCM Shriram Limited
DCM Shriram Infrastructure Ltd. Power projects ("the Company") has been prepared
K I C METALIKS LIMITED by the Company's Management
Fenesta India Ltd. Manufacture, sale and installation of UPVC windows and doors
CIN: L01409WB1986PLC041169 pursuant to the requirements of section
Shriram Bioseed Ventures Ltd. Loans and investments in subsidiaries engaged in seeds business. 73(2) (a) and section 76 of the
Regd. Office:"Sir RNM House" DCM Shriram Foundation Non Profit Organization Companies Act, 2013 (the "Act") and
3B, Lai Bazar Street, 4'Floor,
Room No. 2, Kolkata-700 001
Indiabulls
HOUSING FINANCE
Shridhar Shriram Foundation
Hariyali Rural Ventures Limited
Non Profit Organization
Establishment of retail & wholesale outlets for agri/consumer and household goods/fuel
10. Shri Ganpati Fertiliser Limited (ceased to be Fertilizers
rule 4(1) and 4(2) of the Companies
(Acceptance of Deposits) Rules, 2014
(as amended) (the "Rules") in
Tel.:+91-33-2210 3301; subsidiary w.e.f.19" May 2020) connection with its proposed invitation
Shriram Bioseed (Thailand) Ltd., Thailand Wholesale trading, import and export of Seeds and Agri inputs. of public deposits (the "Invitation of
Fax: +91-33-4001-9636 INDIABULLS HOUSING FINANCE LIMITED
i t Bioseeds Ltd., Mauritius Loans and investments in subsidiaries engaged in seeds business- Deposits"). We have signed the
E-mail id: info@kicmetaliks.com; R e g i s t e r e d O f f i c e : M - 6 2 & 6 3 , First Floor, C o n n a u g h t P l a c e , N e w Delhi - 110 001 Statement for identification purposes
13. Bioseeds Holdings Pte. Ltd., Singapore Loans and investments in subsidiaries engaged in seeds business.
CIN: L65922DL2005PLC136029 only.
Bioseed Research Philippines Inc., Philippines Research, production, distribution, and trading of commercial hybrid seeds and other crops
NOTICE E m a i l : h o m e l o a n s @ i n d i a b u l l s . c o m , Tel: 0 1 2 4 - 6 6 8 1 1 9 9 , Fax: 0 1 2 4 - 6 6 8 1 2 4 0 , Bioseed Vietnam Ltd., Vietnam Hesearch and supply ot parent seeds. Production and trading ot hybrid corn and rice seeds Management's Responsibility for the
NOTICE is hereby given pursuant to
Website: http://www.indiabullshomeloans.com tb: Bioseed Hesearch USA Inc., USA Seed and Biotechnology Hesearch Statement
3,The preparation of the Statement is the
NOTICE PT. Shriram Seed, Indonesia (ceased to be Import and distribution of Seeds
Regulation 29 read with Regulation 47 of subsidiary of the Company w.e.f 27" February responsibility of the Management of the
For attention of the Equity shareholders of the C o m p a n y Company including the creation and
the SEBI (Listing Obligations and Sub.: T R A N S F E R OF EQUITY SHARES OF THE C O M P A N Y TO INVESTOR
2020) maintenance of all accounting and
PT. Shriram Genetics, Indonesia (ceased to be Production of Seeds in Indonesia. other records supporting its contents.
Disclosure Requirements) Regulations, E D U C A T I O N A N D P R O T E C T I O N F U N D (IEPF)
subsidiary of the Company w.e.f 27" February This responsibility includes the design,
2015, that a meeting of the Board of T h i s n o t i c e is g i v e n p u r s u a n t t o I n v e s t o r E d u c a t i o n a n d P r o t e c t i o n F u n d A u t h o r i t y 2020) implementation and maintenance of
( A c c o u n t i n g , A u d i t , T r a n s f e r a n d R e f u n d ) A m e n d m e n t R u l e s , 2 0 1 6 ('the R u l e s ' ) a s internal control relevant to the
Directors of the Company will be held on Brief particulars of the management of the Company;
preparation and presentation of the
a m e n d e d f r o m t i m e to t i m e r e a d w i t h t h e v a r i o u s N o t i f i c a t i o n s i s s u e d by t h e M i n i s t r y
The Company is managed by the Managing Directors, subject to the direction, control and superintendence of the Board of Directors. Statement and applying an appropriate
Thursday, July 30, 2020, to inter alia, o f C o r p o r a t e A f f a i r s , G o v t . o f India, f r o m t i m e t o t i m e .
Names, addresses, DIN and occupations of the Directors; basis of preparation.
consider and adopt: DIN
T h e R u l e s a n d S e c t i o n 1 2 4 ( 6 ) o f t h e C o m p a n i e s A c t , 2 0 1 3 ('the Act'), contain Name Address Occupation 4,The Management is also responsible
1. Audited Standalone and Consolidated p r o v i s i o n s f o r t r a n s f e r o f all s h a r e s , in r e s p e c t of w h i c h d i v i d e n d h a s n o t b e e n Shivam, A-37, Vasant Marg, Vasarrt Vihar, New Delhi-110057 00027137 Chairman & Senior Managing Director for ensuring that the Company
paid o r c l a i m e d f o r s e v e n c o n s e c u t i v e y e a r s o r m o r e , in t h e n a m e o f t h e I n v e s t o r
Mr. Vikram S. Shriram 5/16, Shanti Niketan, New Delhi-110021 00027187 Vice Chairman & Managing Director complies with the provisions of the Act
Financial Statements of the Company for Mr. Ajit S. Shriram 5/20, Shanti Niketan, New Delhi-110021 00027918 Joint Managing Director and the Rules and that it provides
Education and Protection Fund (IEPF) Authority. A d h e r i n g to various requirements complete and accurate information as
the financial year ended March 31,2020. 6-A, Vallabh Nagar, Kota - 324007, Rajasthan 00980318 Whole Time Director
s e t o u t in t h e R u l e s , t h e C o m p a n y h a s c o m m u n i c a t e d i n d i v i d u a l l y t o t h e c o n c e r n e d
Mr. K.K. Sharma Flat No.806, Tower-3, Purvanchal Royal Park, Sector -137, 07951296 Whole Time Director (EHS) required thereunder.
2. Audited Standalone and Consolidated s h a r e h o l d e r s w h o s e s h a r e s a r e liable t o be t r a n s f e r r e d t o I E P F s u s p e n s e a c c o u n t
Noida-201301, U.R Auditors' Responsibility
t o c l a i m t h e i r u n p a i d / u n c l a i m e d d i v i d e n d a m o u n t ( s ) o n o r b e f o r e 31 s t July, 2 0 2 0 . 5,ln connection with the Invitation of
Financial Results of the Company for the Mr. Pradeep Dinodia A-9A, Maharani Bagh, New Delhi-110065 00027995 Chartered Accountant
Deposits, pursuant to the second
Mr. Vimal Bhandari Flat No.164,16" Floor, Tower "A", Kalpataru Horizon, 00001318 Service
quarter and financial year ended March Year-wise details of all unpaid/unclaimed dividends and full particulars of proviso to Rule 4(1) of the Rules and
S.K. Ahire Marg, Worli Mumbai - 400018 declaration by the directors as
s h a r e h o l d e r s , i n c l u d i n g t h e i r folio n u m b e r o r D P I D - C l i e n t I D w h o s e s h a r e s a r e
31,2020. Mr. Sunil Kant Munjal 29-A, Friends Colony (West), New Delhi -110065 00003902 Industrialist provided in serial number 5 (a) of the
liable t o be t r a n s f e r r e d t o t h e I E P F h a v e b e e n m a d e a v a i l a b l e o n t h e w e b s i t e o f t h e A-14, Anand Niketan, New Delhi - 1 1 0 021
Mrs. Ramni Nirula 00015330 Ex-Banker statement, it is our responsibility to
3.Unaudited Standalone and Company: www.indiabullshomeloans.com. Justice (Retd.) E-13, Third Floor, Kalindi Colony, New Delhi -110065 00866743 Retired Judge examine the financial statements and
Consolidated Financial Results of the Vikramajit Sen the underlying books and records of
Shareholders may note t h a t t h e s h a r e s held both in p h y s i c a l a s well a s in
Mr. Pravesh Sharma Flat C-2/303, Asian Games Village Complex, 02252345 Retired IAS the Company for the financial years
Company for the quarter ended June 30, d e m a t e r i a l i z e d f o r m a r e liable t o be t r a n s f e r r e d t o t h e IEPF. H o w e v e r , s u c h s h a r e s ended from March 31, 2015 to March
New Delhi-110049
2020. a l o n g w i t h a n y a c c r u e d b e n e f i t s on t h e s e s h a r e s , if any, c a n be c l a i m e d b a c k f r o m
G-C- Jeevan Jyot, LIC Officer's Flats, Nepean Sea Road, 01271854 Service 31,2020, and certify whether:
t h e I E P F f o l l o w i n g t h e p r o c e d u r e m e n t i o n e d in t h e R u l e s . (LIC Nominee) Mumbai
Further, in accordance with the SEBI a. the Company has committed default
Management's perception of riskfaetors; in repayment of deposits accepted
(Prevention of Insider Trading) S h a r e h o l d e r s m a y n o t e t h a t f o l l o w i n g t h e p r o v i s i o n s o f t h e R u l e s , t h e C o m p a n y will
before the commencement of the Act
be issuing d u p l i c a t e s h a r e c e r t i f i c a t e s in lieu of t h e o r i g i n a l s h a r e c e r t i f i c a t e s f o r t h e • Businesses such as Sugar, Fertiliser and parts of Bioseed business segments are exposed to risk of regulatory intervention. Exposure to
Regulations, 2015 and the Company's these businesses is kept at reaspnable level. Further, we alengside with other industry participants and associates work with regulatory a n d r e m a i n i n g u n p a i d on
p u r p o s e o f t r a n s f e r r i n g t h e m t o t h e IEPF, u p o n w h i c h t h e o r i g i n a l s h a r e c e r t i f i c a t e s commencement of the Act i.e. on
agencies on continuous basis to ensure a policy framework which benefits farmers (key stakeholder in all these businesses), consumers and
Code of Conduct for Prevention of will s t a n d a u t o m a t i c a l l y c a n c e l l e d . industry. April 1, 2014 or in the payment of
Insider Trading, the Trading Window for • Substantial delay in payment of fertiliser subsidy bills by the Government increases the borrowings and hence the interest costs. The interest on such deposits;
In c a s e no c o m m u n i c a t i o n is r e c e i v e d f r o m t h e c o n c e r n e d s h a r e h o l d e r s w h e t h e r
Company manages its working capital and tries to keep overall debt at low levels to enable handling such risks b.the Company has committed default
dealing in the Company's securities was h o l d i n g s h a r e s in p h y s i c a l or in d e m a t e r i a l i z e d f o r m , by 31 s t July, 2 0 2 0 , t h e C o m p a n y • Businesses like Chloro-vinyl are energy intensive. Rising energy costs as a result of rising international and domestic coal prices, freight, in repayment of deposits accepted
closed from April 1, 2020 and July 1, shall initiate s u c h s t e p s a s m a y be n e c e s s a r y t o t r a n s f e r t h o s e s h a r e s t o t h e I E P F duties and levies, is increasing the cost of production. We continuously work and invest in improving our technology, efficiencies, fuel mix after the commencement of the Act or
f o l l o w i n g t h e m e t h o d p r e s c r i b e d in t h e R u l e s .
and sourcing, to ensure that overall cost of production is competitive. in the payment of interest on such
2020 and will open 48 hours after the said • Chemicals, Plastics, Cement and Sugar are commodity products, hence their prices are led by global commodity prices along with domestic deposits; and
demand and supply position. The Company focuses on being amongst the lowest cost producers in these businesses. c. in case the Company has committed
financial results are declared to the Stock S h a r e h o l d e r s h a v i n g q u e r y in t h i s r e g a r d a r e r e q u e s t e d t o c o n t a c t t h e R e g i s t r a r
• Compliance - Increasing regulatory enactments has brought in the need tor additional compliances. With various statutes and regulations,
and Share Transfer A g e n t of the Company, KFin Technologies Private Limited, defaults as referred in paragraph 5(a)
Exchange. non-compliance may not only lead to monetary penalties but also have an impact on the reputation of the organisation and the goodwill it and 5(b) above, whether the
M s . C S h o b h a A n a n d at S e l e n i u m T o w e r B, Plot N o . 3 1 - 3 2 , G a c h i b o w l i , F i n a n c i a l enjoys. The risk is mitigated through regular monitoring and review of changes in the regulatory framework to ensure compliance with all the company had made good the default
This notice is also available on District, Nanakramguda, Hyderabad-500 032. Tel. No. (91-40) 6716 2222; applicable statutes and regulations. and whether a period of five years has
C o m p a n y ' s w e b s i t e Toll F r e e - 1 8 0 0 - 3 4 5 - 4 0 0 1 ; F a x no: ( 9 1 - 4 0 ) 2 3 0 0 1 1 5 3 ; e - m a i l : e i n w a r d . r i s @ k f i n t e c h . Details of default, including the amount involved, duration of default and present status, in repayment of - lapsed since the date of making good
i) statutory dues; ii) debentures and interestthereon; iii) loan from any bank orfinancial institution and interestthereon. None the default.
com.
www.kicmetaliks.com and the website of 2. PARTICULARS OF THE DEPOSIT SCHEME
For I N D I A B U L L S H O U S I N G F I N A N C E L I M I T E D 6,(a) The financial statements for the
the Stock Exchange, www.bseindia.com Sd/ a. Date of passing of board resolution; 21.7.2020 d. Amount which the Company can raise by way of deposits as per the years ended on March 31,2018, March
b. Date of passing of resolution in the general 18.8.2015 Act and the rules made thereunder, and the aggregate of deposits 31, 2019 and March 31, 2020 referred
Place : N e w Delhi Amit Jain actually held on the last day of the immediately preceding financial to in paragraph 5 above have been
For K I C Metaliks Ltd. meeting authorizing the invitation of such deposits; year and on the date of issue of the Circular or advertisement and
Date : July 22, 2 0 2 0 C o m p a n y Secretary & Compliance Officer c. Typeof deposits, i.e., whether secured or unsecured; Unsecured audited by us pursuant to the
Place: Kolkata Sd/- amount of deposit proposed to be raised; requirements of Companies Act, 2013,
Date:21.07.2020 Ruchika Fogla DEPOSITS WHICH THE COMPANY CAN RAISE UNDER THE COMPA NIES (ACCEPTANCE OF DEPOSITS) RULES, 2014 on which we issued an unmodified
Company Secretary
Rupees/Crores audit opinion vide our reports dated
(I) Deposits from Shareholders under Rule 3(4)(a) 411.56 April 24, 2018, May 01, 2019 and June
(Li) Other deposits under Rule3(4)(b) 1028.90 03, 2020 respectively. Our audit of
TOTAL 1440.46 these financial statements has been
The aaareaate of the deposits actuallv held underthese Rules as on 31" March. 2020. 34.77 conducted in accordance with the
The aggregate of the deposits actually held under these Rules as on 21" July, 2020 (date of Board Meeting in which this 34.77 Standards on Auditing referred to in
circular was approved). section 143(10) of the Companies Act,
oriGC Mangalore Refinery and Petrochemicals Limited 2013 and other applicable authoritative
Amount of deposit repayable within the next twelve months; Rs. 6.55 Crore pronouncements issued by the
(A Govt, of India Enterprise and a subsidiary of 0NGC Limited) e. Terms of raising of deposits: Duration, Rate of interest, mode of payment and repayment; institute of Chartered Accountants of
Corporate Identity Number: L23209KA1988GOI008959 Scheme Amount of Deposits (In Rs.) Duration Rate of Interest (in %) India. Those standards require that we
Regd. Office: Moodapadav, Post Kuthethur, Via Kalipalla.Mangaluru - 575 030 Cumulative Less than 1 (one) crore onlyfor3years For Public: 7.25% For Share -holders 8t Employees: 7.50% plan and perform the audit to obtain
mRPL E - m a i l : investor@mrpl.co.in Website: www.mrpl.co.in reasonable assurance about whether
(Interest on half yearly rest basis)
Pursuant to Regulation 29 read with Regulation 47 of the SEBI Listing Regulations, 2015, notice is hereby given that the Board 1 (one) crore or more Forlyear/ 2years/3years 9.75% (Interest on quarterly rest basis) the financial statements are free of
material misstatement.
Meeting of the Company has been scheduled for Monday, 03" August, 2020 inter-alia to consider and approve Unaudited Non-cumulative 1 (one) crore or more Forlyear/ 2years/3years 9.75% (Interest on quarterlyrestbasis)
Mode of Payment & Repayment: Cheque / Demand Draft (b) The financial statements for the years
Financial Result forttie quarter ended 30" June, 2020.
f. Proposed time schedule mentioning the date of opening of the Scheme and the time periodtorwhich the circular or advertisement is valid; ended on March 31, 2015, Marah 31,
The said notice may be accessed on the Company's website at www.mrpl.co.in and also be accessed on the Stock Exchange 2016 March 31, 2017 referred to in
Date of opening of the Scheme: 23.7.2020. The circular is valid until the date of next AGM or until the expiry of six months from the date ot
websitesatwww.bseindia.comandwww.nseindia.com. paragraph 5 above have been audited
closure of the financial year 2020-21, whichever is earlier. by another firm of chartered
For Mangalore Refinery and Petrochemicals Limited 0- Reasons or objects of raising the deposits; To meet the business requirements of the Company. accountants on which they have issued
Place: Mangaluru Sd/- Dinesh Mishra h. Credit rating obtained, Name of the Credit Rating Agencies, Rating obtained, Meaning of the rating obtained, Date on which rating was obtained; unmodified audit opinions vide their
Name: ICRA Limited; Rating: MAA+ (Stable): Meaning: Stable; Date: 29.6.2020 reports dated May 01, 2015 May 10,
Dale : 22/07/2020 Company Secretary
I. Short particulars of the charge created ortobe created for securing such deposits, if any; N.A. 2016 and May 01,2017, respectively.
Note: 1) SEBI has mandated that request for effecting transfer of shares shall not be processed unless the shares are held in
J Any financial or other material interest of the directors, promoters or key managerial None. Directors or promoters or KMP may aoquiro 7,We conducted our examination in
dematerialised form with a depository. In view of this, Shareholders holding shares in physical form are requested to personnel (KMP) in such deposits and the effect of such interest in so far as it is different accordance with the Guidance Note on
open Demat Account with a Depository and dematerialise the shares for easy liquidity. from the interests of other persons. the Scheme. Reports or Certificates for Special
2) Shareholders are further requested to complete their KYC formalities at the earliest. Shareholders holding shares in Purposes issued by the Institute of
3. DETAILS OF ANY OUTSTANDING DEPOSITS Chartered Accountants of India. The
dematerialised form are requested to update their email IDs with their respective DPs to receive the communication from
a. Amount Outstanding; As on 31" March, 2020: Rs. 34.77 Crores | b.| Date of acceptance; Various dates Guidance Note requires that we
the Company on emails.
c. Total amount accepted and renewed; Rs. 3.49 Crores (during Financial Year 2019-20) comply with the ethical requirements of
Together, Let us build a Clean India d. Rate of interest; the Code of Ethics issued by the
Scheme Amount of Deposits (In Rs.) Duration Rate of Interest (in %) Institute of Chartered Accountants of
Cumulative less than 1 (one) crore onlyfor3years For Public: 7.75% For Share -holders & Employees: 8.00% India.
(Interest on half yearly rest basis) 8,We have complied with the relevant
KAIROS PROPERTY MANAGERS/PRIVATE LIMITED 1 (one) crore or more Forlyear/ 2years/3years 9.75% (Interest on quarterlyrestbasis) applicable requirements of the
Standard on Quality Control (SQC) 1,
CIN: U74999MH2017PTC292512 Non-cumulative 1 (one) crore or more Forlyear/ 2years/3years 9.75% (Interest on quarterlyrestbasis)
REGD. OFFICE : 4 t h Floor, A-401, 402, Delphi A, O r c h a r d A v e n u e , Powai, M u m b a i S u b u r b a n , Maharashtra, Mode of Payment & Repayment: Cheque / Demand Draft / Bank Transfer (NEFT / RTGS) Quality Control for Firms that Perform
4 0 0 0 7 6 W e b s i t e : w w w . k a i r o s p r o p e r t y . c o . i n , Tel : + 9 1 - 1 2 4 - 3 8 2 1 4 0 0 , E m a i l : k a i r o s . l e g a l @ b r o o k f i e l d . c o m Audits and Reviews of Historical
e. Total number of depositors; 92 Financial Information, and Other
S T A N D A L O N E IND A S F I N A N C I A L R E S U L T S F O R THE Y E A R E N D E D 31 M a r c h 2020
f. Default, If any, Inrepaymentof deposits and payment of Interest thereon, If any, Including number of depositors, smount and duration Assurance and Related Services
R e g u l a t i o n 52(8) r e a d w i t h R e g u l a t i o n 52(4) o f t h e S E B I ( L O D R ) R e g u l a t i o n s , 2015.
of default Involved; None Engagements.
Year t o date Year to date Year t o date Year to date g- Any waiver by the depositors, of Interest accrued on deposits; No Conclusion
figures for figures for figures for figures for 4. FINANCIAL POSITION OF THE COMPANY 9,Based on our examination and the
half year half year current year current year information and explanations given to
Profits of the Company, before and after making provision tor tax, for Dividends declared by the Company in respect of the said three
Particulars ended 31st ended 31st e n d e d 31st ended 31st us and declaration by the directors as
the three financial years immediately preceding the date of issue of financial years; interest coverage ratio for last three years (Cash profit
March 2020 March 2019 March 2020 M a r c h 2019 provided in serial number 5 (a) of the
(INR million) (INR million) (INR million) (INR million)
circular or advertisement; aftertax plus interest paid or interest paid)
Rupees/Crores statement, we certify that
AUDITED AUDITED AUDITED AUDITED Year 2017-18 2018-19 2019-20 Total Dividend 2017-18 2018-19 2019-20 a. the Company has not committed
1. Total i n c o m e f r o m O p e r a t i o n s 166.14 110.54 301.77 214.77 Profit / (Loss) Before Tax 885.46 1180.30 923.30 (Including interim dividend) 490% 410% default in repayment of deposits
2. N e t Profit / ( L o s s ) f o r t h e p e r i o d ( b e f o r e Tax, Profit/(Loss) After Tax 688.44 906.83 743.67 I nterest coverage Ratio* accepted before the commencement
Exceptional and/or Extraordinary items) (906.99) (400.79) (1,516.46) (789.40) Interest coverage Ratio: (Profit after tax(+) depreciation (+) deferred tax (+) tax adjustments related to earlier year (+) Interest of the Act and remaining unpaid on
expensej/lnterest expense commencement of the Act i.e. on
3. N e t Profit / ( L o s s ) f o r t h e p e r i o d b e f o r e t a x
April 1, 2014 or in the payment of
(after E x c e p t i o n a l a n d / o r E x t r a o r d i n a r y i t e m s ) (906.99) (400.79) (1,516.46) (789.40) A summary of the financial position of the Company as in the three audited balance sheets immediately preceding the date of issue of circular or interest on such deposits; or
4 . N e t Profit / ( L o s s ) f o r t h e p e r i o d a f t e r t a x advertisement; b.the Company has not committed
(after E x c e p t i o n a l a n d / o r E x t r a o r d i n a r y i t e m s ) (920.53) (400.79) (1,530.00) (789.40) Rupees/Crores default in repayment of deposits
5. Total C o m p r e h e n s i v e I n c o m e f o r t h e p e r i o d EQUITY AND As on As on As on ASSETS As on As on As on accepted after the commencement of
[Comprising Profit/ (Loss) for the period (aftertax) and O t h e r LIABILITIES 31.3.2018 31.3.2019 31.3.2020 31.3.2018 31.3.2019 31.3.2020 the Act or in the payment of interest
Comprehensive Income (aftertax)] (921.03) (400.84) (1,528.74) (789.34) Share Capital 32.64 31.35 31.35 Fixed Assets 2203.58 2894.75 3442.13 on such deposits; and
6. P a i d - u p e q u i t y s h a r e c a p i t a l Reserves &Surolus 3037.46 3521.41 4073.99 Non-current Investments 67.30 74.79 74.79 c. as there were no defaults as referred
( F a c e v a l u e Rs. 1 0 p e r s h a r e ) 97.59 97.59 97.59 97.59 Non-current Liabilities 743.14 1182.77 1330.59 Lonq Term Loans and Advances 222.33 144.87 226.29 in paragraph 9(a) and 9(b) above, the
Current Liabilities (including 1832.72 2394.61 2706.84 Other Non-current Assets 82.94 118.81 26.79 question of our commenting on
7. R e s e r v e s ( e x c l u d i n g R e v a l u a t i o n r e s e r v e ) (1,601.56) (72.82) (1,601.56) (72.82)
Liabilities associated with asset Current Assets (including assets 3069.81 3896.92 4372.77 whether the Company has made
8. N e t W o r t h (1,503.97) 24.77 (1,503.97) 24.77
classified as held for sale) classified as held for sale) good the defaults, does not arise.
9. P a i d up d e b t capital / o u t s t a n d i n g d e b t 16,950.64 7,189.80 16,950.64 7,189.80 Total 5645.96 7130.14 8142.77 Total 5645.96 7130.14 8142.77 Restrictions on Use
10. O u t s t a n d i n g R e d e e m a b l e P r e f e r e n c e S h a r e s - - - - Previousyear's figures regrouped, wherever necessary lO.Our work was performed solely to
11. D e b t E q u i t y ratio* (11.27) 290.26 (11.27) 290.26 assist you in meeting the requirements
Audited Cash Flow Statement for the three years immediately preceding the date of issue of circular or advertisement; of the Rules. Our obligations in respect
12. L o s s p e r s h a r e ( b e f o r e o t h e r c o m p r e h e n s i v e i n c o m e ) (in Rupees/Crores Any change in accounting policies during the last three years and of this certificate are entirely separate
Rs.)#
Cash Flow from 2017-18 2018-19 2019-20 their effect on the profits and the reserves of the Company. The from, and our responsibility and liability
a) B a s i c (77.68) (22.43) (112.93) (41.16) Operating Activities 811.69 799.29 501.51 Company adopted Indian Accounting Standards ("IND AS") is in no way changed by any other role
b) Diluted (77.68) (22.43) (112.93) (41.16) 1 nvestinq Activities (314.83) (828.15) (525.43) notified by Ministry of Corporate Affairs w.e.f. 1.4.2016. we may have as auditors of the
Financing Activities (568.93) 278.75 184.37 Company or otherwise. Nothing in this
13. C a p i t a l R e d e m p t i o n R e s e r v e - - - -
certificate, nor anything said or done in
Total Cash Flows (72.07) 249.89 160.45
14. D e b e n t u r e R e d e m p t i o n R e s e r v e - - - - the course of or in connection with the
Previousyear's figuresregrouped,wherever necessary sen/ices that are the subject of this
15. D e b t S e r v i c e C o v e r a g e R a t i o NA NA NA NA
5. A DECLARATION BY THE DIRECTORS THAT- certificate, will extend any duty of care
16. I n t e r e s t S e r v i c e C o v e r a g e Ratio 0.02 (0.03) 0.04 (0.05)
the Company has not defaulted in the repayment of deposits accepted either before or after the commencement of the Act or payment of we may have in our capacity as auditors
# n o t a n n u a l i s e d f o r half y e a r e n d e d 31 M a r c h 2 0 2 0 a n d 31 M a r c h 2 0 1 9 interest on such deposits, and where a default had occurred, the company made good the defaults and a period of five years had lapsed since of the Company.
Notes : the date of making good the default I I .This certificate has been issued solely
1 T h e a b o v e is a n e x t r a c t o f t h e d e t a i l e d f o r m a t o f half y e a r l y / a n n u a l f i n a n c i a l r e s u l t s filed w i t h t h e S t o c k E x c h a n g e s u n d e r the board of directors have satisfied themselves fully with respect to the affairs and prospects of the Company and that they are of the opinion at the request of the Board of Directors
R e g u l a t i o n 5 2 o f t h e S E B I (Listing a n d O t h e r D i s c l o s u r e R e q u i r e m e n t s ) R e g u l a t i o n s , 2 0 1 5 . T h e full f o r m a t o f t h e h a l f y e a r l y / that having regard to the estimated future financial position of the Company, the Company will be able to meet its liabilities as and when they of the Company to whom it is
a n n u a l f i n a n c i a l r e s u l t s a r e a v a i l a b l e o n t h e w e b s i t e s of t h e S t o c k E x c h a n g e ( s ) a n d t h e listed entity ( w w w . b s e i n d i a . c o m ) become due and that the Company will not become insolvent within a period of one yearfrom the date of issue of the circular or advertisement; addressed, for onward submission to
and the C o m p a n y (www.kairosproperty.coin). the Company has complied with the provisions of the Act and the rules made thereunder; Registrar of Companies and inclusion
2 F o r t h e i t e m s r e f e r r e d in s u b - c l a u s e s (a), (b), (d) a n d (e) o f t h e R e g u l a t i o n 5 2 (4) o f t h e S E B I (Listing a n d O t h e r D i s c l o s u r e the compliance with the Act and the rules does not imply that repayment of deposits is guaranteed by the Central Government; in the newspaper advertisement to be
Requirements) Regulations, 2015, the pertinent disclosures have been m a d e to the Stock Exchange (Bombay Stock issued tor Invitation of Deposits by the
E x c h a n g e ) a n d c a n be a c c e s s e d o n t h e U R L ( w w w . b s e i n d i a . c o m ) a n d t h e C o m p a n y ( w w w . k a i r o s p r o p e r t y . c o . i n ) . days (days to be spocifiod) and until thev arc repaid, thov shall bo treated as unsecured and ranking pari passu with other unsecured liabilities). Company. Our Deliverable should not
3 K a i r o s P r o p e r t y M a n a g e r s P r i v a t e L i m i t e d (the " C o m p a n y " ) is a s u b s i d i a r y o f B S R E P II India O f f i c e H o l d i n g s II Pte Ltd. It In case of any adverse change in credit rating, depositors will be given a chance to withdraw deposits without any penalty. be used for any other purpose. We do
w a s i n c o r p o r a t e d o n 1 6 M a r c h 2 0 1 7 . T h e C o m p a n y is in t h e b u s i n e s s o f p r o v i d i n g m a n a g e m e n t related s e r v i c e including the deposits shall be used only for the purposes indicated in the Circular or circular in the form of advertisement; not accept or assume any liability or
duty of care for any other purpose or to
facilities m a n a g e m e n t s e r v i c e a n d p r o p e r t y m a n a g e m e n t s e r v i c e s . h. the deposits accepted by the Company (other than the secured dopo3it3, if any, o
any other person to whom this
rank pari passu with other unsecured liabilities of the Company.
4 T h e s e f i n a n c i a l r e s u l t s h a v e b e e n p r e p a r e d in a c c o r d a n c e w i t h Indian A c c o u n t i n g S t a n d a r d s (Ind A S ) a s p e r t h e C o m p a n i e s certificate is shown or into whose
( I n d i a n A c c o u n t i n g S t a n d a r d s ) R u l e s , 2 0 1 5 notified u n d e r S e c t i o n 1 3 3 o f C o m p a n i e s A c t , 2 0 1 3 , ("the A c t " ) a n d o t h e r 6. DISCLAIMER hands it may come save where
r e l e v a n t p r o v i s i o n s o f t h e A c t a n d h a v e b e e n h a v e b e e n r e v i e w e d a n d a p p r o v e d by t h e B o a r d o f D i r e c t o r s at t h e i r m e e t i n g It is to be distinctly understood that filing of circular or circular in the Form of advertisement with the Registrar should not in any way be deemed or expressly agreed by our prior consent
held on the 22 July 2020.
construed that the same has been cleared or approved by the Registrar or Central Government. The Registrar or Central Government does not in writing.
5 E f f e c t i v e 1 A p r i l 2 0 1 8 , t h e C o m p a n y a d o p t e d Ind A S - 1 1 6 " L e a s e s " , a p p l i e d t o all l e a s e c o n t r a c t s e x i s t i n g o n 1 A p r i l 2 0 1 8 take any responsibility either for the financial soundness of any deposit scheme for which the deposit is being accepted or invited or for the For Price Waterhouse Chartered
u s i n g t h e m o d i f i e d r e t r o s p e c t i v e m e t h o d . A c c o r d i n g l y , c o m p a r a t i v e s f o r t h e y e a r e n d e d 31 M a r c h 2 0 1 9 h a v e b e e n a d j u s t e d . correctness of the statements made or opinions expressed in the circular or circular in the Form of advertisement. The depositors should exercise Accountants LLP
O n t r a n s i t i o n , t h e a d o p t i o n o f t h e n e w s t a n d a r d r e s u l t e d in r e c o g n i t i o n o f R i g h t - o f - U s e a s s e t ( ' R O U ) of R s . Nil (classified a s due diligence before investing in the deposits schemes.
p r o p e r t y plant a n d e q u i p m e n t ) a n d a l e a s e liability o f R s Nil million (classified a s a f i n a n c i a l liability). T h e e f f e c t s o f t h i s
Firm Registration Number:
a d o p t i o n is n o t m a t e r i a l o n t h e profit a n d e a r n i n g s p e r s h a r e f o r t h e y e a r e n d e d 31 M a r c h 2 0 2 0 a n d 31 M a r c h 2 0 1 9 . This circular or circular in the form of advertisement inviting deposits (advertisement), the text of which has been approved by the Board of 012754N/N500016
Directors in their meeting held on 21.7.2020, is issued on the authority and in the name of the Board of Directors of the Company. A copy of this Chartered Accountants
O p e r a t i n g l e a s e e x p e n s e s w h i c h w e r e c h a r g e d a s l e a s e r e n t a l s in t h e c o r r e s p o n d i n g p e r i o d last y e a r h a v e n o w b e e n r e c o g -
advertisement duly signed by the majority of Directors of the Company has been filed with Registrar of Companies, NCT of Delhi & Haryana, New Harinderjit Singh
n i z e d in t h e y e a r / period e n d e d 31 M a r c h 2 0 2 0 a s d e p r e c i a t i o n e x p e n s e relating t o t h e r i g h t - o f - u s e a s s e t a n d f i n a n c e c o s t f o r
i n t e r e s t a c c r u e d o n lease liability, a s r e q u i r e d by t h e n e w s t a n d a r d .
Delhi, for registration. Partner
For and on behalf of the B o a r d o f D i r e c t o r s of By order of the Board Membership No.: 086994
Kairos Property Managers Private Limited Sd/- UDIN : 20086994AAAAAZ6569
Nidhi Dhiren Shah
New Delhi (Sameet Gambhlr) Place: Gurugram
Place: M u m b a i Managing Director
Date: 22 J u l y 2 0 2 0 DIN No. 0 8 5 6 9 4 9 8 22.7.2020 Company Secretary (FCS - 4658) Date: July 21,2020
10 ISSUES AND INSIGHTS
>
MUMBAI | THURSDAY, 23 JULY 2020

Much ado about nothing (Packaged Commodities) Rules, 2011,

there’s a provision for declaring the coun-
try of origin, as the Centre rightly told the
Delhi High Court in an affidavit on
will be on sellers for marketplace firms
like Amazon and Walmart, which holds
a majority stake in Flipkart. Amazon, for
instance, hosts more than 600,000 sellers
CHINESE WHISPERS

Instead of mandating e-commerce firms to declare the country of origin of Wednesday. However, this applies to only on its India platform. It’s those sellers who Virtual opposition!
imported packaged goods. Certain cate- have to ensure compliance.
products they hawk, the effort should be to help them bounce back gories, including furniture, cannot be While there’s a mix of big and small The Opposition’s case for holding
covered under the rules and therefore it sellers on the e-commerce platforms, a virtual meetings of parliamentary
dinary Covid slowdown. else in the world, may make the country would be legally untenable to enforce the large majority of them are micro, small committees weakened significantly
It could be a mere coincidence that of origin rule fall by the wayside. That’s directive for all products. Also, if decla- and medium enterprises (MSMEs) — a with most of its newly elected MPs
the latest smartphone by a Chinese com- not the only reason why the rule, specifi- ration of the country of origin is made category of business that the government attending the oath-taking ceremony
pany, founded less than seven years ago, cally meant for e-commerce platforms, mandatory for products online, it should is focused on in terms of financial stimu- on Wednesday. Of the 61 newly elected
will hit the Indian market at a time when may fumble. be the same for those sold in physical lus during the slowdown as well as help- members of the Rajya Sabha, 45 were
anti-China movement has peaked in the While the idea behind such a directive stores as well. ing them scale up. If they have to man- administered the oath of office by
country. If despite the prevailing nation- was to block certain goods (read “made Marking the country of origin for mil- datorily spend time and resources on Chairman M Venkaiah Naidu. Among
alistic spirit, buyers go all out to snap up in China”) without saying it in those lions of products will take up to one year, adhering to such directives at short those who took oath were senior
the latest phone, the lack of reason in many words, its execution is challenging estimates suggest. To get a sense of the notice, MSMEs may see the e-commerce leaders like the Nationalist Congress
China bashing (including banning of for businesses as there are no clear guide- scale, the Indian marketplace platforms platforms as a disadvantage for their busi- Party’s Sharad Pawar, and the
popular apps such as TikTok and keeping lines or definitions from the authorities owned by American majors Walmart and ness. On the other hand, such a move Congress’s Mallikarjun Kharge and
NOT FOR PROFIT prominent telecom equipment makers
like Huawei and ZTE out of the ambit of
on what constitutes “country of origin”.
Let’s begin with the definition. Is the
Amazon have around 200 million pro-
ducts each. So, in the midst of Covid and
would adversely impact the Digital India
plans of this government.
Digvijaya Singh. However, none of the
four Trinamool Congress’s (TMC's) newly
NIVEDITA MOOKERJI tenders and auctions) will stand out. country of origin the same as the country lockdown stress, e-commerce companies It’s important for regulation to keep elected MPs turned up. TMC MP Derek
Also, the party around the latest of manufacturing? Or is it the country of have now got an additional task to inter- pace with technology, but they should O’Brien, who is also the Opposition

I
n a few days, a Shenzhen-head- smartphone from a Chinese brand coin- assembling the product though its parts pret the origin of each and every product not scuttle businesses, while bringing in leader in the Rajya Sabha, has already
quartered smartphone major is cides with the government asking e-com- are imported? What if the product is and label them accordingly. That’s bad new rules without much thought. More written to Naidu and Lok Sabha
expected to fire up the Indian e- merce firms to mention the country of designed, owned and patented in one timing when a large chunk of the pop- so when companies are trying to bounce Speaker Om Birla, quoting several rules
commerce scene, going by history. origin for every product sold online. With country, but is made in another country ulation is still working from home. back to pre-Covid levels. E-commerce is of procedure of the two Houses, which,
Online marketplace giants have an- that diktat on country of origin, the gov- for cost efficiency? There are many such There’s another hurdle. For conven- one of the sectors to show green shoots he says, empower them to allow virtual
nounced plans to make the launch of the ernment has tied itself in knots. For questions, to which nobody seems to tional e-commerce firms, it would have earlier than others; let’s not spoil the meetings. He pointed out a precedent
latest device a success that may indicate instance, a hot sale of a Chinese product, have an answer. been easier to handle the logistics of the party. Instead, the effort should be to help when the joint committee on salary
recovery in demand during the extraor- whether assembled in India or anywhere Indeed, under the Legal Metrology country of origin rule. However, the onus the sector get back to business as usual. and allowances of MPs held two
virtual meetings on April 6 to decide
on reducing salaries. Naidu
and Birla, however, have until now

The promise of GIFT City

resisted sustained and strident
demands from the Opposition MPs to
allow virtual meetings.

Another voice of dissent

The Gujarat government’s international financial A BJP MLA in Uttar Pradesh has
services centre has the opportunity to become a embarrassed his party by saying that
the state government is the most
global hub, but only if regulation and procedures corrupt he has seen. The lawmaker
from Gopamau in Hardoi, Shyam
are streamlined quickly Prakash, wrote on his Facebook page,
“Whoever complains about corruption
RAJESH M BHAYANI guidelines were issued in 2015, about a to higher officials gets involved in it
year after Narendra Modi came to power and tries to earn money. Corruption

B
rexit, China’s crackdown and at the Centre, and the 2016 Union seems to be a never ending thing
Singapore’s saturation have Budget announced tax concessions for now.” This is not the first time Prakash
weakened the outlook for the units in IFSC. By 2018-19, financial serv- has questioned this government. In
great global financial hubs of ices exports from GIFT City’s IFSC acc-
London, Hong Kong and Singapore. ounted for 11 per cent of India’s financial
MODEST MOVES April, he had alleged misuse of the
Vidhayak Nidhi (Legislator’s Fund). He
Can India’s first international financial services exports, momentum that has Around 10,000 people are working in GIFT City; in the next three to five years, had even written to the chief
services centre (IFSC) at Gujarat Inter- continued for the first three quarters of the financial hub targets around 50,000 jobs development officer (CDO) of Hardoi,
national Finance Tec- (GIFT) City fill 2019-20. requesting his contribution of ~25 lakh
the breach? Of the 11 million sq ft de- n The area houses around 225 (India INX and NSE IFSC) SEZ (some key players) from the fund — for purchasing masks,
Recent history points to velopment rights allotted, financial and IT companies with daily trading volume PPE, sanitisers, and other equipment —
n BA Continuum (Bank of America),
multiple challenges but tho- two million sq ft (seven buil- of $4 bn be returned to him. “As a public
se responsible for managing dings) in the domestic tariff IN IFSC Cybage, Befree, Manubhai & Co representative it is my right to know
n 19 insurance firms
it suggest it is on the cusp of area and one million in the n 13 banks, including one what happened with that money,” he
faster growth. “The current IFSC have been developed.
with sum assured of Domestic tarrif area had written to the CDO.
foreign bank, with business $30 bn (some key players)
geopolitical challenges cou- Another two million sq ft is
volume of $26 bn
ld well work in favour of the TAKE under construction and six
n Two international exchanges
n 100 stockbrokers
and intermediaries
n TCS, Oracle, Bank of Baroda, Infibeam,
MCX, Maxim Integrated, STPI
GIFT City in attracting more
foreign financial institu- TWO million (15 buildings) sq ft is
under planning. Twenty- Caught off guard!
tions,” says Kaku Nakhate, ANALYSIS BEHIND two residential blocks are
president and India country THE HEADLINES already occupied. A school, has come for the GIFT City to take the Indeed, in December 2018, the Baba map measures taken by the orld’s top An RJD MLA in Bihar landed in the soup
head, Bank of America, the a five-star hotel and a club big leap and emerge as the next finan- Kalyani committee to study India’s SEZ 10 IFSCs to attract institutional investors for taking part in a village-level cricket
first foreign bank to set up a house are already opera- cial hub of Asia.” policy had recommended separate rules and then work towards building a tournament. Shambhu Nath Yadav, who
centre at the GIFT City in 2019. tional. To ensure that GIFT City does Regulation would be a key issue. and procedures for manufacturing and macro-framework. This is the time for represents the Brahmapur Assembly
So far, the gains have been modest not became a real estate play, the own- Right now, the financial services sector service SEZs. India to think big and develop India’s segment in Buxar district, was in his
(see box: Modest moves). For a project ership of the land remains with the state has to decipher rules and regulations Certain operational procedures also IFSC on the lines of Singapore, she says. constituency as “chief guest” at a cricket
that began in 2007 as a 50:50 joint ven- government. from four different regulatory bodies: need to be streamlined. At present, it English law and affiliation with Sin- tournament and decided to try his hand
ture by the Gujarat government with Last month, the Gujarat government The Reserve Bank of India (RBI), Secu- takes 24 hours to clear a debit or credit. gapore’s arbitration centre have the at the game. Videos of the MLA
IL&FS, the infrastructure financing be- bought out the troubled IL&FS’ 50 per rities and Exchange Board of India, As a financial market expert operating potential to make GIFT IFSC a key purportedly missing a ball and getting
hemoth that is now in deep crisis, the cent stake, which opens a door for the Insurance Regulatory and Development in the IFSC pointed out, dollar clearing global hub for financial institutions. In thrown off balance went viral and he
going has been slow. But like much else entry of new strategic partners. The Authority and the Pension Fund Re- — that is, clearing on a real-time basis line with the proposed international ended up being booked for violating
in India, GIFT City was the victim of the appointment of former company affairs gulatory and Development Authority. — will generate more business. A pro- bullion exchange, allowing trading in restrictions in place on account of the
snail-paced bureaucracy. Financial serv- secretary Injeti Srinivas as chairman of In January 2017, then RBI governor posal to this effect has been pending other commodities like coal would give lockdown. Yadav can take solace in the
ices SEZs received “in-principle” the GIFT City’s IFSC earlier this month Urjit Patel had proposed a unified regu- with the RBI for some years now. GIFT City operations a further boost, as fact that he is not the only one. A BJP
approval only in 2011, while GIFT City is widely regarded as a move towards lator for GIFT City. “The role of the new This apart, it may be necessary for would aircraft-leasing services. The leader in Begusarai district, along with
was approved in December of that year. accelerating developments. unified regulator will be very important. the Centre to take a stake in the GIFT potential is clearly huge. The challenge his supporters, was booked some time
After that, the Gujarat government “GIFT City is now on a growth tra- It should follow international standards City to provide a counter-party security for GIFT City’s IFSC would be to over- back for allegedly hosting a party to
allotted land, and work on developing a jectory,” said Tapan Ray, MD and Group and norms, and avoid the traditional for foreign investors. Nakhate has also come the traditional Indian weaknesses celebrate his “victory” over Covid.
futuristic smart city started. Operating CEO, GIFT City. But, he added, “the time rule-based approach,” said Nakhate. suggested that the GIFT City should of slow or unpredictable policymaking.

INNOCOLUMN LETTERS

Cheer in Covid times Cost of change

This refers to the column ‘Birth
may not fully reveal the details for
strategic reasons, but the border
issue is going to be a problem for a
pandemic in recent times. Though
more tests have to be done before it
is made available for public, there is
Here's the backstory of Biocon’s Alzumab which has been approved by the ICMR pangs of virtual courts’ (July 22). The
pandemic has brought changes all
long time. Even if China withdraws
fully till the line of actual control, it
hope for mankind even as the pan-
demic has already claimed more than
for the treatment of Covid-19 in India across including the judicial system. needs to be seen as to how long it six lakh lives and infected millions of
Our judiciary is outdated due to sev- will last. people around the globe. Many other
shaper and believes that with collaboration, Biocon for further development and mar- eral factors. The pandemic has only Hence the infrastructure needs to nations, including India, are also on
one learns faster and better. Institution keting. It was a potential win-win for both made the phenomenon worse. Piled be improved in the border areas on the path of developing a vaccine.
shapers do so through a highly networked and a game changer. up cases, outdated laws, lengthy a regular basis. The government may There is something to rejoice as
environment; they create new forms of col- The casual encounter with the Cuban legal proceedings and the lack of rope in the services of retired offi- Serum Institute of India, one of the
laboration, whereby they join other ecosys- scientist led to a long-term partnership legal reforms are some of the things cials of defence and investigating premium immunobiological drugs
tems because they want to be part of the with CIM. that demand immediate attention. agencies to tide over immediate manufacturers of the country, has
journey. Whether it is through a movement, It took 10 years till 2013 for Biocon to Another impediment pertains to manpower requirements. entered into a manufacturing part-
a company or a community, shapers unite develop and commercialise BIOMAb the mindset of the judiciary that Apart from the troubles in the nership with AstraZeneca once the
people around them with a shared purpose. EGFR®, a drug for head and neck cancer, finds it difficult to adapt to the northeastern and northwestern bor- vaccine trial is successful.
Early in the journey of the company, out of this partnership. The Cubans were changes. When the average age of ders, another problem seems to be The human trials will be done in
Biocon began to work on novel molecules, delighted by this surprising development the judges is 50 plus, reluctance to emerging down south. As per August and a confirmed analysis will
for example, monoclonal antibodies (MAB) — to the point that the Cuban government pursue changes will surface. reports, a huge quantity of gold has be possible by October or November,
R GOPALAKRISHNAN and anti-CD-6. This move accelerated the felicitated the scientists from Biocon with In a way, this country should been smuggled into Kerala for according to the company, and if
company’s journey into biosimilars in a a gold medal for their anti-CD6 monoclonal thank the pandemic that is forcing terror funding and if it is true, secu- everything goes well then the vac-
path-breaking approach. But what at- antibody, Itolizumab, which is the generic reforms in several areas, including rity in the southern coast needs to cine will be ready by December. Let

R
ecently ICMR fast-tracked app- tracted Kiran to such technologies in the name for Biocon’s brand, Alzumab. the judicial system. The cost of such be improved. All these need more us hope this vaccine and others, that
roval of Biocon’s Alzumab for the first place? She had long been concerned Biocon’s work on the prognosis of the changes, however, appears too high allocation of funds for defence and are also being tested, put an end to
treatment of Covid in India. about chronic diseases and was looking safety and efficacy of the molecules won due to delayed responses. we as citizens should be prepared the mental and physical misery of
Serious cases of Covid develop passionately for possible breakthroughs. the admiration of the Cuban Academy of K V Rao Bengaluru for that. people around the globe.
into a “cytokine storm”, which is a debili- The technology for producing monoclonal Sciences. Early and supportive apprecia- M Raghuraman Mumbai M Pradyu Kannur
tating overreaction of the human immune antibodies to develop solutions to fight tion is important in the difficult and uncer- More funds
system to the attacking virus. Alzumab had cancer was available with the Americans. tain journey of innovation. Dr M S Good news at last
worked miraculously on every one of the But they would not part with it. Ramakrishnan, vice-president at Biocon for defence Letters can be mailed, faxed or e-mailed to:
trialled Covid patients, albeit only on lim- In 2003, when Kiran attended a con- Research Limited, had lamented, “Indian The good news that early-stage clini- The Editor, Business Standard,
ited numbers. Wider trials are currently ference, she met a Cuban scientist from Academy of Sciences did not even acknowl- This refers to the editorial ‘Ground cal trials of the Oxford University Nehru House,
being undertaken. Last week, Fox News the Cuban Centre of Molecular Immu- edge this contribution because Biocon had realities’ (July 22). If the Chinese Covid-19 vaccine candidate 4 Bahadur Shah Zafar Marg,
reported on this exciting new drug to be nology (Centro de Inmunología Molecular in-licensed the molecule. They thought this army has intruded up to 8 km as (AZD1222), licensed by AstraZeneca New Delhi 110 002
launched in the US through Biocon’s part- or CIM). He had presented his MAB pro- was not an innovation.” mentioned, it is shocking and gives pharmaceuticals, is safe and induces Fax: (011) 23720201 · E-mail:
nership with Equillium. Trials in the USA gramme. Kiran was impressed. She sensed Biocon further developed a version of scope for retrospective analysis of an immune response truly gives the letters@bsmail.in
are set to begin. If all works out well, this an opportunity, although most investors Itolizumab for psoriasis. When the “cyto- our lapses, if any, to avoid recurrence world a glimmer of hope at a time All letters must have a postal address and
may be an important, globally relevant in pharma would have ignored technology kine storm” problem of Covid became of such incidents. The government when it is facing one of the deadliest telephone number
innovation from an Indian company. This from Cuba, a country not known for phar- known, Biocon instinctively felt that the
does not happen frequently. maceutical innovation. molecule could be repurposed to deal with
The backstory of this exciting innova- Seemingly on an impulse, she went to the problem. And that is the dramatic story
tion was narrated in a book published be- Cuba with her husband who could speak of how Alzumab came to be approved by HAMBONE
fore Covid. (How Kiran Mazumdar-Shaw Spanish. The laboratory visit, which was ICMR and got ready for the US trials.
“fermented” Biocon, R Gopalakrishnan & to last for only an hour, extended to several Innovative societies applaud innova-
Sushmita Srivastava, Rupa, 2020). Over hours. The Cubans had fine technology, tions early. ICMR’s fast-track approval with-
the last 35 years, Biocon’s growth identi- but did not seem to be developing it pur- out full trials is such a gesture. Competitors
fied with a biological way of thinking, dis- posefully. Kiran asked probing questions and peers may be more cautious, but avoid-
tinct from an engineered way of thinking. that got the Cubans intrigued about ing snipes and displaying some optimism
It was Kiran’s response to the challenge further enhancing the value of their tech- would be a good ecosystem response.
of growing and surviving in a fast-chang- nology. She offered to co-invest in the
ing and complex global business that technology of developing monoclonal The writer is an author and corporate advisor. He
made Biocon move from being a big fish antibodies. The Cubans appeared reluc- is a distinguished professor of IIT Kharagpur. He
in a small pond (enzymes) to a small fish tant initially, maybe because at that time, was a director of Tata Sons and a vice-chairman
in a big pond (biopharma). Kiran’s was an unknown Indian company. of Hindustan Unilever
Kiran is a quintessential institution- They agreed to in-license the molecule to Email: rgopal@themindworks.me
 >
OPINION 11
STAY INFORMED THROUGH THE DAY @ WWW.BUSINESS-STANDARD.COM

ILLUSTRATION: BINAY SINHA

Volume XXIV Number 235
MUMBAI | THURSDAY, 23 JULY 2020

Energy and momentum and red gram on 10 lakh acres. Farmlands close to
urban areas will grow vegetables and horticultural
Govt must move forward on trade deals with US and others crops. It is proposed that farmers who do not comply
with the cropping pattern announced by the state will

A
ccording to Commerce Minister Piyush Goyal, India and the US are be cut-off from both procurement and state support,
close to signing a “quick” trade deal. He said all that would be needed such as farm input subsidies and the much revered
Rythu Bandhu income support scheme.
are “another couple of calls” to sort out some remaining issues. This
The reported intent of this proposal is to encourage
followed a discussion between Mr Goyal and his American counter- crop diversification and allow farmers to obtain a
part, Wilbur Ross. According to the official readout of the conversation, the better price for their products. The policy is problem-
“desire to conclude [a] limited trade package” was expressed by both sides. atic for two reasons: (i) the state does not have better
Trade had also been on the agenda when US President Donald Trump visited information than the farmers, (ii) state failure in pro-
India in February this year and said that he and Prime Minister Narendra Modi curement will be borne by the farmers.
could reach “a good, even great deal”. This messaging is welcome, and it will The Telangana government is assuming that the
state is better placed than the farmers to foresee the
hopefully be followed through with swift action. After all, the US is India’s

Two steps forward,

demand for agricultural produce. It ignores the well-
largest trading partner, with bilateral trade touching $88.75 billion in 2019-20. documented impact that minimum support prices
The problems plaguing economic relations between India and the US are offered by the state have on cropping decisions. It is
relatively minor, given the stakes for both sides and for India in particular. another matter that procurement by the state often
India must recognise the need to make concessions in keeping with its own fails for several reasons, such as its timing, the capac-

one step back

high expectations of any deal. It will require, among other things, a very close ity of the state government to procure everything
degree of regulatory interaction. The two commerce ministers had apparently that is cultivated and the awareness levels of the
farmers themselves.
discussed one such issue — a US ban on Indian raw shrimp because fishing
Telangana’s decision to rely on experts to dictate
rules in this country were believed by US regulators to not protect wild turtles cropping patterns belies years of experience in how
sufficiently. This would no doubt be sorted out by a working group of the appro-
priate regulators. There are other such minor irritants that can be settled by a Farm policy reflects a lack of clarity about the future of agriculture centrally-planned economics has failed universally,
be it India, Cuba, North Korea, or the Soviet Union.
proper whole of government approach — which would require the specific F A Hayek argued that market knowledge is not cen-

A
attention of the Prime Minister’s Office. For example, questions about the series of recent developments in the field of Commodities Act. For example, it states that stock tralised in a single mind, whether of the State or its
agriculture creates a perception that India is limits may be imposed only where the price of agri- appointed experts. Rather, knowledge is dispersed,
import of dairy products from the US are amenable to compromise. India’s
embracing a market-led agriculture sector. On cultural produce goes beyond a certain defined thres- highly localised and discovered through markets
hard line on preventing dairy imports that contain bovine material should be June 5, the Union government notified three hold. Thus, while it does not entirely take away the that facilitate the discovery of prices. Market pro-
solved by labelling rather than a ban. For India, which has been the subject of Ordinances that ease control on the storage and sale power of the state to curb the storage and supply of cesses are a more robust feedback loop to the farmer
too much negativity in Washington of late, partly as a consequence of its own of agricultural produce. On July 13, the Karnataka gov- agricultural produce, it restricts the circumstances in than state diktat.
policies, the need is great. The pandemic is providing an opportunity for many ernment promulgated an Ordinance that reduces which the government may exercise its powers. The second problem will arise in the implemen-
countries to reset their trade relations in order to corner a greater share of restrictions on the sale of agricultural land. The prin- Similarly, Karnataka promulgated an Ordinance tation of the policy. Directing large swathes of land
world trade. India cannot be left behind at this crucial moment. It is to be ciple underlying these developments is the same — that allows farmers to sell agricultural land to non- to cultivate single crops may increase the production
allowing the farmer the freedom to contract, a right agriculturists. Some restrictions like landholding ceil- of those crops substantially. Consequently, the mar-
hoped that New Delhi’s negotiators are also keeping in mind the specific polit-
guaranteed under the Constitution ings will, however, continue. Even ket price of these crops will fall. If the state govern-
ical constraints faced by the Trump administration. The US president is fighting and a virtue that every liberal society with the limits, the law reflects a fun- ment is unable to declare a sufficiently high mini-
a difficult re-election battle, and there will be pressure on him to demonstrate aspires to keep intact. The govern- damental shift in values. The policy mum support price and procure all the produce at
results for his hard line on trade deals. ment of Telangana, meanwhile, is goal in India has been to discourage that price, farmers will be in deep trouble. The mar-
What Mr Goyal insists is great energy and momentum in addressing Indo- reportedly proposing a new policy farmers from selling their land, ket will have a supply glut, and the prices will be
US trade ties must also spill over to other pending agreements. The negotiations which will give it control over what especially if the buyer is not a lower. Even if the government purchases all the pro-
with the European Union on a free trade agreement, for example, have been farmers grow on their land. The farmer. The government believed duce at artificially high prices, it will then have to
Telangana policy is in stark contrast that this would protect the farmer sell it in open markets at much lower prices. The loss
hanging fire for too long, again on sectoral issues that should be sorted out in
to the developments at the Centre from unscrupulous buyers, ignoring from this transaction will have to be borne by the
the larger interest. What is important is that New Delhi recognises and openly and in Karnataka. The differing the fact that the restrictions taxpayers. If the programme fails, the farmers lose
states the need for more access to foreign markets — which comes, of course, approaches reflect a more profound destroyed the value of farmland and, money. If the programme succeeds, taxpayers will
with greater openness at home. Freer trade benefits both sides, and particularly ideological conundrum towards agri- thereby, was disadvantageous to subsidise the buyers of those commodities. Success
Indian consumers. It should be accompanied with competitiveness-enhancing culture in India. SHUBHO ROY & impoverished farmers who wanted will also entrench the policy and force the govern-
reforms domestically, such as the prime minister had promised were on the The set of Ordinances promulgat- BHARGAVI ZAVERI to leave farming. ment to commit more financial resources in the com-
agenda in the speech in which he launched “self-reliant India”. The Covid-19 ed by the Union government seeks The developments at the Centre ing years. Overall, it increases the imprint of the state
to achieve three objectives. First, they and in Karnataka indicate a move, on agriculture and subjects the farmer to its enforce-
crisis and the growth slowdown are the moment in which India must once entitle farmers and traders to carry on trade and com- howsoever half-hearted, towards liberalising farm- ment machinery as well.
again embrace globalisation. merce in agricultural produce outside a licensed ing from state-led sectoral policies that have hitherto The two differing approaches to agriculture reflect
Agricultural Produce Market Committee market. The restricted the farmer’s freedom to trade and mone- a lack of intellectual clarity about the future of Indian
second Ordinance sets up a framework for formalising tise assets. They are small steps towards a market- agriculture. On the one hand, we see some green

Treating water contract farming — contracts between farmers and led agricultural sector that is free of arbitrary state
traders — for selling agricultural produce harvested intervention and based on contract enforcement
shoots of liberty for the Indian farmer. On the other, a
state is regressing to the failed policy of centrally plan-
in the next season. It creates scope for financing the and the rule of law. ning agriculture. While a federal democracy can be a
Indiscriminate use of RO technology is inadvisable farming cycle of the farmer and sets up a mechanism The Telangana government, however, is pursuing crucible of many experiments, is there a reason to
for dealing with disputes arising out of the contract. a Soviet-style policy of centrally planning the crops retry one which has failed universally?

T
he National Green Tribunal (NGT) has set the year-end as the deadline
The third Ordinance defines the limited circum- that may be cultivated by farmers in the state.
for the environment ministry to bar the use of reverse osmosis (RO) stances under which the government may regulate Reportedly, the initial plan is that farmers have to Roy is a researcher at the University of Chicago, and Zaveri is
water purifiers in places where the available water conforms to the the supply of agricultural produce via the Essential grow paddy on 50 lakh acres, cotton on 50 lakh acres a researcher at the Finance Research Group
prescribed quality norm of dissolved solids content of below 500 mg
per litre. The move aims chiefly at preventing the wastage of water and several
useful minerals and essential salts that are lost during RO treatment. Many
households routinely use RO water purifiers to reprocess the piped water sup-
plied by civic bodies after cleansing it through the standard methods involving
flocculation, filtration, and disinfection. In many of these cases, especially
where the load of the dissolved solids is less than the 500 mg threshold, RO fil-
Truth to power
P
redictably, American talk show hosts had a showed him trailing Mr Biden. He even obliquely tech-savvy PM “revealed” to two bemused anchors
tration is neither required nor good for health. It leads virtually to total demi- field day over Fox News Sunday host Chris poked fun at the world’s most powerful man by asking that he had ordered the attacks to take place when
neralisation of water by needlessly eliminating its inherent micronutrients, Wallace’s interview with Donald Trump that him if he was feeling the heat. It was a dig both at the there was heavy cloud cover so that the bombers
thereby, making it unhealthy and tasteless. In these cases, the commonly avail- aired on July 19. Any interview, press briefing or nature of his questions and the fact that the president would avoid radar detection. It is worth noting that
able UV (ultraviolet) and UF (ultra-filtration) systems of water refinement are address by the reliably maverick 45th president of was visibly dripping bronzer in the sultry environs Mr Trump took a press conference in Delhi where he
deemed good enough. The RO system is needed essentially to make sea water, the United States offers plenty of grist for liberal of the presidential patio, where he had deemed this laboriously performed to script (not without a couple
mills, and this one — 40 minutes long — did not encounter would be recorded. of snarky digs at the CNN reporter). Though the US
or hard and saline underground water potable. The NGT has now specifically
disappoint. Any Indian, though, would be struck by Now, Mr Trump is famously thin skinned about relationship is critical for India and the meeting took
asked the environment ministry to sensitise the public about the ill-effects of something that would not occur to an American the media. He’s openly expressed his disillusion- place against the backdrop of some of the worst riots
demineralised water. viewer. The US president agreed to an interview with ment with serial Fox News polls that favour Mr Biden of recent years just kilometres from Lutyens’ Delhi,
The RO industry, as could be expected, has continued to sulk over this a Fox News anchor who is not noticeably a fan of and has created a cottage industry in abusing the nobody got to hear from India’s chief executive.
matter. While formalising the new norms for the use of the RO systems, the the president, has frequently fact-checked him on liberal/left news media. Yet he meets (and abuses) Likewise, no journalist has been able to question
government should consider some suggestions from the industry. One of the his programme and has been at the receiving end the media —including the hated CNN — regularly. the prime minister on the handling of the national
key arguments, which may be hard to refute, is that even the water subjected of his mean tweets. The crudely right wing Fox News His daily pandemic briefings became so embarras- lockdown, the nature of the revival package, the
to conventional cleansing treatment can have certain organic and inorganic is, of course, unabashedly pro-Trump but the Chris sing that his advisors eventually put a stop to them China incursions, the future of jobs and economy.
Wallace interview was roughly (though I suspect Mr Trump enjoys We hear his pronouncements on these subjects but
residues and traces of heavy metals to make it unfit to drink. This has often
equivalent to Nidhi Razdan or these media jousts, so there’s a plan no one yet has been able to actually question him, as
been noticed in mega cities and industrial towns and RO purification can take Srinivasan Jain interviewing to revive them). Incredibly (at least Mr Wallace did with Mr Trump, on any of these issues
care of this menace. Narendra Modi for Republic TV. for an Indian journalist), reporters — and there are certainly questions to be asked.
But indiscriminate use of RO technology is inadvisable from the environ- Perish that thought immediately, he criticises as “fake news” (his This state of affairs is of a piece with almost every
mental angle as well. It results in the wastage of 70-80 per cent water. A water- if only because Republic is unlikely favourite term) openly answer back Indian politicians’ approach to the media (chief min-
stressed country like India can ill-afford to squander this scarce, even if renew- to allow the nation to know the kind — but he still takes their questions isters are scarcely different). Witnessing journalists
able, natural resource. The NGT has, therefore, directed the government to of stuff on which Mr Wallace quizzed (one early effort to ban a White being arrested, lynched or raided for criticising the
make it mandatory to recover at least 60 per cent water from RO units. This the leader of the free world. And also House reporter was struck down by government, as Yogi Adityanath recently did, has
because Mr Modi is unlikely to agree the courts). It may be argued that become the new normal. The Washington Post
would require the industry to make fresh investment in technology upgrade to
to the terms on which the Trump- there is little to be gleaned from owned by Jeff Bezos is an aggressive critic of the
build new and more efficient RO models capable of cutting down water wastage. Wallace interview took place. Not this media circus but it offers the president. But neither he nor Amazon have been
The issue of regulating the use of RO equipment has a chequered, though short,
history. The order to this effect was originally issued by the NGT in May 2019.
only did Mr Trump sit down (or
rather rant, argue and dissemble)
SWOT electorate an unvarnished view of
their leader, at the very least.
subject to tax raids or FIRs, which an equivalent
Indian honcho would have expected (which is why
But it had to be re-issued a couple of times, with fresh target dates, because of with Mr Wallace but he agreed that KANIKA DATTA Contrast this with Mr Modi. He India does not have a Bezos counterpart). Even this
the environment ministry’s procrastination in implementing it. The decisive no subject was off limits. Both took has never held a press conference Republican-dominated US Supreme Court would
action began only after the Supreme Court turned down the RO industry’s plea that condition to heart. Mr Wallace asked the pres- in the six years of his prime ministership (which not dream of telling journalists to follow only the
to intervene in the matter and the NGT set the final deadline. As part of the ident tough questions on his handling of the pan- makes media-shy Manmohan Singh appear posi- official line in reporting as the Indian apex court
demic, parrying flawed White House facts with his tively loquacious for the two he held in ten years in did during the migrant crisis.
requisite spadework to enforce this injunction, the government came up with
own research; corrected him on accusations he made office), and the few interviews he has given are to Many Americans on both sides of the political
the draft of the notification for stakeholders’ comments in the beginning of against his Democratic rival Joe Biden; mocked the friendly media houses with pre-approved forgettable divide despair at Mr Trump’s attempt to trample
February. However, the follow-up action was disrupted due to the Covid-19 president’s pride in passing a cognitive test (which lollipop questions. The only memorable one (that on their institutions. But for all that, the media
outbreak. The process may finally get going now. Mr Wallace also took and said was dead easy); and generated giggles, at any rate) was his Q&A to News remains a fighting presence in a way that Indians
put him on the mat on the latest Fox News poll that Nation soon after the Balakot air-strikes. There the can only envy.

Covid-19’s long heritage

by rat-borne fleas via traders’ caravans develop vaccines. Her account of the over a third of the population meant
and vessels. McNeill writes that at frustration in developing an effective large tracts of land remained fallow, farm
some point the disease might have vaccine against the flu is a cautionary tale workers’ wages shot up, striking a mortal
taken a deadly turn to become a for those counting on a magic cure for blow to manorial economy with
respiratory ailment and began to be Covid-19 today. landowners becoming more dependent
Boccaccio in his masterpiece The long series of microparasites engaged in transmitted through droplets put in The debate over where the Spanish on fewer people, leading to the Peasants’
Decameron. mortal combat with man — the chief circulation by coughing and sneezing. Flu virus originated is unresolved. A Revolt in 1381.
Clearly, notwithstanding breathless macroparasite. Not unlike Covid-19. Some 60 million theory advanced by virologist Kennedy The Black Death introduced new
reports of “unprecedented” Covid-19 Starting from Greek historian were killed between 1346 and 1353. It Shortridge seems credible in the light of vocabulary — quarantine — the Italian
devastation, today’s tragedy is often a Thucydides’ graphic account of plague was only in 1894 that the bacteria more recent examples of the 1957 Asian word for 40, the number of days ship
replay of scenes witnessed for over two in Athens (431 BCE) when “the bodies of responsible for Black Death Flu, the 2002 SARS and now carrying diseased passengers were kept
millennia. A quick dip into four books on dying men lay upon one another” to was identified. The Black Death the Covid-19 virus, all away from dock. It also produced the first
the histories of global pandemics helps Boccaccio, sudden mass death was a The next major calamity introduced new originating in China. instance of biological warfare. Mongol
put the current one in perspective. The mystery. We now know that the — the Great Influenza of 1918 vocabulary — “Influenza epidemics troops were afflicted by the plague but
biggest difference is that unlike others, Athenian epidemic was caused by or Spanish Flu — crept in quarantine — the always seem to start in Asia were unable to get the besieged Genoese
PANDEMIC PERUSING Covid-19 had long been predicted.
William H McNeill’s 1977 book
smallpox and the Black Death by
bubonic plague. For the better part of
while Europe was in the Italian word for 40,
throes of the First World War. the number of days
— in southern China in
particular, exactly the place
colony of Caffa to surrender. They hurled
bodies of plague victims by giant
NAYAN CHANDA Plagues and Peoples situates the disease history microparasites have attacked Gina Kolata’s riveting 1999 ship carrying where the rice-duck-pig catapults over the walls, forcing the
in the broad biological world. He sees and cohabited with humans without book on that pandemic, diseased passengers system is in place,” he says Genoese to flee. Robert Gottfried writes,
“There was not enough ground to bury human lives as “caught in a precarious their being aware. Pathogens started which killed between 20 and were kept away referring to bird flu jumping “They took to their ships, sailed back to
the great multitude of corpses arriving at equilibrium between the spreading as long-distance trade 100 million people from dock to humans via pigs. He Italy, and introduced the Black Death
every church every day, they were stowed microparasitism of disease organisms developed. Of the two major plague worldwide, offers the best postulates that during into the Mediterranean Basin.”
there, one on top of another, like and the macroparasitism of large-bodied pandemics to hit Europe the first (middle account. Flu: The Story of the World War I, Chinese
merchandise in the hold of a ship.” predators, chief among which have been of the 6th century) has been called Great Influenza Pandemic of 1918 and the labourers engaged in digging trenches (More on business-standard.com)
other human beings.” Humans, “Justinian’s Plague” named after the Search for the Virus that Caused It for the Allies may have taken the flu

T
his was not a recent report from omnivorous diners themselves, Byzantine emperor. describes the frantic effort to retrieve with them before its outbreak in 1918. The writer is founding editor of Yale Global and
Brazil’s corona-hit city of sometimes become lunch for larger In just four months, the plague fragments of the virus from frozen burial The Black Death had the most long- author of Bound Together: How Traders,
Manaus, where coffins were predators. But more often they fall prey killed 40 per cent of Constantinople’s grounds from Alaska and Norway. It lasting consequence, which Robert S Preachers, Adventurers and Warriors Shaped
stacked up in trenches for burial. It was to invisible microbes who feast on population. In the mid-14th century, a would not be till late 1990s that the gene Gottfried’s The Black Death: Natural and Globalization. Pandemic Perusing is an
an account of the Black Death some 650 human cells and tissues. From that second major wave of pandemics hit of the 1918 Great Influenza virus would Human Disaster in Medieval Europe occasional column on books and reading by our
years ago by Italian writer Giovanni perspective, the Covid-19 is the latest in a Europe — the bubonic plague carried be sequenced — a necessary course to (1983) traces in some detail. The death of writers and reviewers
 The Smart
QUICK TAKE: MORE GAINS FOR AUROBINDO PHARMA “Growth of SIPs is slowing while

Investor
non-institutional activity in the
Having gained 180% from its March lows, Aurobindo Pharma market is growing. What
is trading near its 52-week high. While the drug maker is happens to these WFH punters
already clocking strong growth in the US and Europe, further when the market turns
MUMBAI | benefits will accrue from recent tender wins to supply
volatile?”
THURSDAY, 23 JULY 2020 anti-retroviral drugs outside the US, say analysts, who have RAJIV ANAND,
Executive director,
upgraded their FY21 and FY22 estimates by 17-18 per cent wholesale banking, Axis Bank
WWW.SMARTINVESTOR.IN FOR INFORMED DECISION MAKING <

Tyagi’s word of caution for retail Gold breaches ~50K;

silver surges to ~60K
investors: Don’t rush into market Despite some profit-booking, analysts see further upside
Ball is in govt’s court, RAJESH BHAYANI
says Sebi chairman on “(RETAIL
INVESTORS)
Indices snap Mumbai, 22 July

using demat accounts SHOULD START BY five-session Gold and silver on Wednesday

for investing in G-secs INVESTING IN winning streak crossed ~50,000 and ~60,000
levels, respectively, in both
GOVERNMENT NIFTY SHEDS 30 PTS physical and futures markets
11,300
SAMIE MODAK
Mumbai, 22 July
SECURITIES AND before clawing down a bit.
At the popular Zaveri Bazar
LATER MOVE 11,132.6 in the city, the yellow metal
11,200
ON TO OTHER
L
ured by a sharp rally in stock opened over ~50,000 per 10
prices, small investors are enter-
ing markets in droves. The stock
PRODUCTS. THEY 11,100
gram, while silver over ~60,000
a kg. While standard gold
market watchdog, however, has a word SHOULD TAKE 11,162.3 closed at ~49,980 per 10 gram,
of caution for them — make a gradual WELL-INFORMED 11,000
down 1.5 per cent, 999 purity
entry, understand the risks, and take DECISIONS” gold ended its trade at ~50,181.
well-informed decisions. Jul 21 Jul 22 Silver closed at ~59,170 a kg, up GOLD FUTURES (~/10 GM) SILVER FUTURES (~/KG)
Speaking at industry body Ficci’s AJAY TYAGI The Sensex and Nifty snapped their 7.9 per cent.
annual capital market conference five-session rising streak to close On the MCX, too, August 51,000 65,000
Chairman, Sebi
Capam, Ajay Tyagi, chairman, modestly lower on Wednesday, as futures of gold rose as high 60,122
Securities and Exchange Board of India investors booked profits in IT, as ~50,085, but cooling down 50,000 60,000
Over 300,000 individual accounts
(Sebi), said: “Increased retail participa-
tion isn’t a cause for concern. However,
ON THE RISE have been added since March
Total
FMCG, and finance counters amid
weak global cues.
to ~49,747 (until 6.30 pm IST).
September futures of silver
48,762
49,000 55,000
the way it is increasing is.” He was No. of March 19.07 21.07 40.13 After swinging 599 points in a surged to ~61,280 per kg (the 49,651
alluding to the sharp increase in new individual volatile session, the Sensex finished highest since December 49,974 48,000 50,000
accounts (mn) April 19.13 21.67 40.80
account openings and an increase in 58.81 points, or 0.16 per cent, lower 2012) in early trading on the
share of retail investors in overall mar- n NSDL May 19.24 22.22 41.46 at 37,871.52. Similarly, the Nifty MCX, but later slipped to 47,000 45,000
ket volumes. n CDSL June 20.01 23.0 43.17 slipped 29.65 points, or 0.27 per ~59,845 (until 6.30 pm IST) Jun 30 Jul 22 Jun 30 Jul 22
“It has to be a more gradual entry. Source: National Securities Depository, Central Depository Services cent, to close at 11,132.6. PTI on profit-booking.
They should start by investing in gov- The price of gold gained MCX GOLD FUTURES MCX SILVER FUTURES
ernment securities (G-secs) and later momentum on the back of TURNOVER (~ CR) TURNOVER (~ CR)
move on to other products. They should in the government’s court when it Tyagi for working without a break, The Sebi chief said it needs to be European leaders agreeing on
take well-informed decisions,” he said. comes to allowing use of dematerial- ensuring market stability and providing examined whether brokers can be per- a stimulus package to revive 10,000 12,000
Tyagi said increased retail partici- ized (demat) accounts for investing in much-needed relaxations over the past manently allowed to work from home. their Covid-hit economy and 5,177
pation is a sign that investors are put- G-secs. few months. In March, Sebi had allowed broking the US Congress struggling to 8,000 9,000
ting trust in corporations and they G-secs are relatively safe as they In recent months, Sebi has extended houses to operate their trading termi- agree on a new aid package. 5,374
should ensure that the trust is not have sovereign backing and assure fixed several deadlines that are applicable to nals remotely. Heightening tensions between 6,000 6,000
broken. He called on India Inc to returns. However, they, too, aren’t listed firms as well as market interme- “It was a temporary measure. the US and China also sup-
remain transparent and share as much devoid from volatility, as they are sub- diaries such as mutual funds and alter- However, considering the success, it ported the rally. 4,000 10,255 3,000
information as possible in the public ject to interest rate risks. native investment funds. needs to be examined carefully. The Besides, the euro rose to an 7,204
domain, so that the investor commu- Tyagi said equity markets are geared When questioned about whether downsides of this also need to be con- 18-month high, pushing up 2,000 0
nity remains updated. up to support the dream of a $5-trillion Sebi plans to extend some of these dead- sidered,” he said. commodities. Jun 30 Jul 22 Jun 30 Jul 22
This was one of the reasons, Tyagi economy. However, more work needs lines further, Tyagi said: “All relaxations Some players have proposed geotag- The expanding balance Compiled by BS Research Bureau Source: Exchange
said, why the Sebi didn’t accede to the to be done on the debt market front. have a sunset clause. Sebi will take a call ging terminals so that remote access sheet of major central banks,
demand of allowing firms to club their “Despite a record sell-off in March, there on whether to provide further exten- along with accountability is possible. according to experts, will boost are elated, looking at the rising high hedge positions. The
June and September quarter result were no defaults in payments. This is sions as and when required.” Tyagi also said Sebi is supportive of demand for gold over dollar notional value of their holding. options trading data indicates
announcements. demonstrates the strong fundamentals On the issue of direct overseas the use of blockchain technology for debasement and its price may Demand in cities is the bullish phase to continue
“Retail investors showing trust is a and systems of the equity platform,” listing, Sebi said no company has come real-time settlement of trades. He said see a déjà vu effect from 2010- extremely thin because of the for both metals.
great opportunity,” he said. Tyagi said. forward with the proposal of dual list- exchanges need to use blockchain on a 11. Analysts are bullish on the impact of the lockdown and Iyer said: “The gold options
He said that currently, the ball is India Inc leaders hailed Sebi and ing, yet. trial basis. two precious metals, saying prevailing restrictions. In rural data for call open interest (OI)
intermittent corrections areas, there has been some for July expiry suggests that
should provide buying oppor- traction after Unlock 1 in June, investors booked some profits
tunities for those who feel left but much lower than that dur- after an upbeat opening on

Fund managers on shaky Regulator directs MFs out. Silver had seen a high of
~75,000 in April 2011; the cur-
rent momentum suggests that
ing the same period last year,
said experts.
Sriram Iyer, senior research
Wednesday after the price
touched an all-time high of
above ~50,000. But, a built-up

ground as indices surge to trade debt on bourses level is not far.

Since March lows, when all
analyst at Reliance Securities,
said: “MCX gold October con-
of OI and volumes have been
observed in 'Puts' for July
assets classes had witnessed tract has entered an uncharted expiry, suggesting investors are
Sebi has directed mutual This percentage shall be a sharp fall in India and territory where the price has still bullish. The silver options
ASHLEY COUTINHO funds (MFs) to ensure that part calculated on the basis of the globally, gold is up 30 per shifted to new range zone. The data, too, suggests that inves-
Mumbai, 22 July
QUARTERLY GDP EPS GROWTH of their trading activity in cor- average value of secondary cent, and silver is up 80 per price would remain bullish tors are still bullish on the mar-
GROWTH ESTIMATES porate bonds is done over the trades done in the preceding cent on MCX futures. over the short-to-medium kets and that there is more
Equity fund managers have
less to cheer despite Indian
FY22 to be a high-growth FOR 2020 recently launched platforms
on exchanges. In a circular
three months. Sebi Chairman
Ajay Tyagi said: “We have
On one hand, increased
industrial demand and safe-
term and further upside could
take it to ~51,200-54,500 levels;
upside.” The silver futures
open interest data shows some
year due to low base; Estimates for India still look
equities staging a sharp normalcy to return in FY23 issued on Wednesday, it said decided to mandate MFs to haven buying are making support is placed at ~47,800- moderation over the past two
rebound since their March optimistic MFs shall undertake at least 10 use this platform in a phased silver costlier, while on the 46600 levels." days, indicating profit-book-
lows. Market polarisation, GDP growth (%) EPS growth (%) per cent of their total second- manner. Use of this platform other, there is little demand On the MCX, open interest ing. The top 10 long and short
uncertainty created by the China 23 ary market trades (by value) by other institutional investors for physical gold. in gold had hit its highest level position data are almost simi-
Jun ‘20 -9.7
pandemic, and the liquidity- “through… request for quote will result in better transpar- Still, jewellers appear happy this month. Short positions lar, suggesting silver may see
driven rally have all made Sep ‘20 -6.0 India 10 (RFQ) platform of stock ency and price discovery in that their unsold stock was also are significantly more an interesting fight between
their task more difficult. Dec ‘20 -4.0 Japan -9 exchanges”. the bond market.” JASH KRIPLANI now valued higher; investors than long positions, indicating bull and bear.
Analysts and fund man- Indonesia -11
Mar ‘21 -3.6
agers seem to have dis- EM -12
Jun ‘21 10.9
counted the FY21 earnings Euro area -13
entirely, and are betting on Sep ‘21 7.1 US -18 THE COMPASS
stocks based on the projected Dec ‘21 5.6 Brazil -42
FY22 and FY23 numbers. Mar ‘22 5.9 For India, year accounted for is
April ’20 to March ’21; EPS: Earnings per
Consensus estimates peg
the Nifty’s earnings per share
(EPS) growth at 10 per cent
Source: UBS Securities share. Source: Bloomberg, Credit Suisse
Hindustan Zinc: Awaiting fresh triggers for better earnings
and 39 per cent for FY21 and INDIA’S MARKET CAP-TO-GDP RATIO Volume growth UJJVAL JAUHARI (up 10 per cent YoY to $16.38 an ounce). FY21 volumes at 1.024 million tonne.
FY22, respectively, according (in %) expected to be Overall, revenue at ~3,989 crore They are now tweaking estimates.
to Credit Suisse Wealth Hindustan Zinc’s June quarter perform- declined 20 per cent YoY; operating profit Though higher, other income expecta-
Management, India. Local 92 soft in FY21 ance, as anticipated, was affected by the (~1,599 crore) was down 36 per cent. Pre- tions mean earnings may not see cuts,
81 75 78 77
lockdowns, a surge in Covid- 71 lockdown. Lower production days in tax profit declined 39 per cent YoY, but upgrades hinge on a higher zinc price.
19 cases, and limited fiscal
64 58 April and reduced workforce availability at ~1,644 crore, helped by higher other Analysts at HSBC, not expecting the
support could, however, pose because of restrictions saw mined metal income of ~684 crore (up 59 per cent YoY), zinc price to cross $2,200 anytime soon,
significant downside risks. production fall 5 per cent year-on-year it beat consensus estimate of ~1,441 crore. have reiterated their “hold” rating, given
“There’s a bit of disconnect 2014 2015 2016 2017 2018 2019 2020E 2021E (YoY) and 19 per cent sequentially to Though the LME zinc price has recov- the potential for volume growth and high
between the market and Source: Kotak Institutional Equities 202,000 tonne. ered 18 per cent since April to $2,171, dividend yield. MOSL, factoring in the
macro reality. The former is The per-tonne zinc price on the helped by the rising China consumption, zinc price of $2,125 for FY21, has also
driven by excess liquidity, and London Metal Exchange (LME) aver- demand in other global markets remains maintained the neutral rating.
hopes of economic activity to-book value and see where Another way to gauge aged $1,961 in Q1, down 29 per cent; the soft and not much upside is seen in the The stock, after correcting 2.6 per cent
returning to normal along it is compared to historical resilience is to monitor the average lead price of $1,673 was 11 per price in the near term. on Tuesday following the subdued
with a Robinhood effect in the averages,” says Mahesh Patil, historical trend, say 10, 15, or cent lower YoY. The 8 per cent rupee The company is benefitting from a results, jumped over 7 per cent with a rise
form of huge retail participa- co-CIO of Aditya Birla Sun 20 years, to assess how firms depreciation YoY provided some respite lower fuel price (coal) and per-tonne cost in precious metal prices. A higher silver
tion,” says Navneet Munot, Life MF. have fared during different but metal premia (over benchmark) of production (COP) for zinc — adjusted price bodes well.
CIO of SBI Mutual Fund. Indeed, metrics such as business cycles, past reces- were down. for one-offs — at ~$954 is expected to Nevertheless, zinc’s outlook remains
Getting a handle on earn- price/book-value, market cap- sions, political uncertainties, Thus, zinc revenues (about two-thirds remain at similar levels. crucial, and the stock, after rebounding
ings estimates will be a big to-GDP, and solvency ratios and black swan events, of top line) declined 27 per cent YoY, while However, the guidance for metal pro- over 60 per cent from March lows, is
challenge. Price-to-earnings have gained relevance. according to Siddhartha lead’s (15 per cent of top line) declined 12 duction of 925,000 - 950,000 tonne dur- already factoring in an increase in the
(P/E) multiples for FY21 have Market observers says Rastogi, COO and head (sales) per cent YoY. Silver was the only bright ing FY21 is slightly higher than 916,000 zinc price. The target prices of HSBC and
become almost irrelevant, companies with high debt at Ambit Asset Management. spot, posting 12 per cent revenue growth tonne in FY20. Analysts at Motilal Oswal MOSL, ranging ~200-208, indicate lim-
given the dislocation of profits and/or leverage may not be Historical data, however, YoY, led by firmness in the silver price Financial Services (MOSL) had estimated ited upside for the stock.
expected in several sectors. able to withstand the pressure may not be relevant for sec-
“We are getting a better on profitability and their bal- tors or businesses that will see
sense of how firms are man-
aging their supply chain,
logistics feed, and where the
ance sheet (B/S). Those with
a strong B/S, enough liquidity,
robust risk management
a new normal.
Taking cash calls won’t be
easy. Setting aside 5-10 per
After muted Q1, Syngene guides for double-digit growth
demand is coming from. capabilities, focus on innova- cent of cash would be pru- But ongoing capex RAM PRASAD SAHU September quarter of FY21. been higher but for the include the possible impact
Consumption in rural India, tion, and healthy relation- dent, given the limited upside and depreciation Despite pressure on reve- increased staff costs, as well from a second lockdown.
for instance, has been rel- ships with stakeholders will for markets. Large cash calls The Syngene International nues in the June quarter, the as the spending on safety Higher depreciation
atively less affected. A clearer emerge winners. could, however, backfire if the
may weigh on stock ended 1 per cent lower company reported a steady programmes for employees. because of the ongoing capex
picture of the economy may “It’s not m-cap or size of liquidity-driven rally con- bottom line after the company reported operating performance. Further growth, accord- programme and lower other
emerge only in the December physical assets that will deter- tinues. Aditya Birla Sun Life a marginal growth in reve- Operating profit margins at ing to the management, is income led to a 19 per cent
quarter,” says Jinesh Gopani, mine resilience but how nim- MF, for instance, has nues in the June quarter. The 32 per cent were the same as expected to come from the YoY decline in net profit. The
head (equity), Axis Mutual ble and agile the management decreased equity exposure in top-line performance was in the year-ago quarter, led expansion of opportunities company has guided for a flat
Fund. is,” says Munot, adding that asset allocation funds to 65 pegged back by the disrup- by an improvement in sales in the current client pie, as bottom-line performance in
Some managers say com- the pandemic has necessi- per cent from 75 per cent tion in its operations in April mix in favour of the discov- well as the broadening of the FY21 after registering 10 per
panies should be assessed on tated tracking of high before the pandemic. Munot because of the Covid-19 pan- ery segment, which requires client base, including cent growth last year. Analysts
a normalised basis by consid- frequency data from various says SBI MF does not take demic. However, sales a lower quantum of raw medium-sized enterprises. expect its profitability to be
ering their earnings 2-3 years agencies. large cash calls in equity growth led by discovery serv- materials. Besides, The company, which muted in the current year,
from now. “Taking FY19 as the Feroze Azeez, deputy CEO funds, where the focus con- ices was in line with the man- operational efficiencies ended FY20 with 10 per cent given the aggressive capex.
base, one could arrive at a nor- of Anand Rathi Private Wealth tinues to be bottom-up stock agement’s guidance of flat helped cut the costs. The growth in the top line, The company has spent
mal growth trajectory for a Management, says analysing picking. The fund, however, revenue performance in the company has been decreas- expects to end the current $450 million of the $550 mil-
particular sector over the next Altman Z-scores could be a may take tactical calls to hold June quarter. ing its discretionary spends financial year with growth in lion outlay and would spend
3-4 years. Based on that, proj- better way to predict impend- more cash in hybrid and asset The company, which offers and is saving on travel costs low double digits. Growth, the rest this year. Asset turn-
ect the earnings for FY22-23 ing defaults and bank- allocation funds. contract research services to because of the lockdown and however, depends on over from this capex should
and value the firm on that ruptcies, instead of credit rat- pharma companies, expects flight restrictions. improvement in the Covid-19 drive its return ratios going
basis. Also look at the price- ings. More on business-standard.com growth to return in the These gains would have situation and does not ahead, feel analysts.
.
MUMBAI | THURSDAY, 23 JULY 2020 PERSONAL FINANCE 13 <

When broke, apply

of priority. First bankruptcy
expenses, workmen’s dues,
secured creditors and unpaid
dues of employees will be dis-
tributed, and after that, any
Where does magazine
jurisdiction lie?
surplus leftover will be distrib-

for bankruptcy
uted to Central Government
and State Government. In case
the bankrupt has any past
income tax outstanding liabil- Commission, which concurred with
ity, the same will be paid if the view and dismissed his appeal.
there is any surplus available Krishna then approached the
But it has to pass a tough judicial test due to archaic laws after discharging other credi-
tors in the order of the priority.
National Commission and
requested that the revision
The remaining income tax lia- should be decided on merits on the
BINDISHA SARANG bility after the distribution will basis of his written submissions
cease to exist.” It is important without requiring him to attend

O
ver the years, we have to note that while the insol- the hearings.
heard stories about vency proceedings are pending The National Commission relied
celebrities like Michael before the court, you can apply on its own judgement in Aftab Singh
Jackson, Mike Tyson, Donald
Trump and Vijay Mallya going
for a minimum maintenance
amount but it is a discretionary
CONSUMER PROTECTION v/s Emaar MGF Land and Ors. where
it had reiterated that the view taken
broke, and some even filed for relief that varies from case JEHANGIR B GAI by the Supreme Court of India in
bankruptcy. However, it is rare to case. Fair Air Engineers v/s N K Modi
to hear about individual bank- Finally, you need to collect J Abhilash Krishna bought a would remain unaltered even after
ruptcy/insolvency cases in the “absolute discharge certifi- subscription scheme floated by the amendment of the Arbitration
India because the laws are cate” from the court, which will Competition Review, a Delhi-based and Conciliation Act. The
much tougher, and of course, happen only once the entire private limited company, for its interpretation of the law in Aftab's
social stigma. The good thing is process of distribution is fin- magazine Competition Success case was upheld by the Supreme
that you can do so even if you ished. The court considers Review. The scheme provided that a Court. So the Commission
owe someone as little as Rs 500, many parameters; for instance, person buying an annual concluded that an arbitration clause
according to the existing law is the insolvency resulted due subscription would be entitled to an in an agreement would neither oust
which is almost over a century to misfortune. Was there any additional complimentary the jurisdiction of the consumer fora
old. No wonder, the process fraudulent activity or dishon- subscription. Krishna paid ~900 for nor debar a party from availing of
can be excruciating. Suresh est conduct on part of the the annual subscription and a the additional remedy available
Surana, founder, RSM India debtor? After this, remaining, further amount of ~200 towards under the Consumer Protection Act.
says: “Bankruptcy arises where unpaid debts are cancelled. delivery charges. And he It held the complaint to be
a person is unable to pay his PROPOSALS UNDER Creditors cannot force him to gave two addresses – one Both the District maintainable.
Forum and State
debts. However, a person is
considered bankrupt only
YET-TO-BE NOTIFIED repay the debt amount. You
may not be able to get a clean
of Bijapur and the other
of Pune, for receipt of the Commission
The National
Commission observed
when he is adjudged as one by IBC RULES chit regarding all debts, if you two subscriptions. dismissed the that the Forum that failed
the judicial authorities.” owe the government or have Since the magazine case claiming to consider that a part of
Though the Insolvency and committed any financial fraud, was not received by him they did not have the cause of action would
 Minimum  Who can  Authority  Privacy:  Proceedings can be
Bankruptcy Code, 2016 (IBC) you will have to cough up the at his Bijapur address, territorial occur at the place where
came into effect on December threshold: initiate: forinitiating: Authority issues initiatedagainst any money. Satija says: “The crite- Krishna had a legal jurisdiction. The the magazine was to be
2, 2016, and has rules for indi- ~1,000 (Could Debtors and Debt Recovery public notice in individual who defaults in ria to establish your inability notice issued but did not National delivered but was not
vidual bankruptcy too, they rise to ~1 lakh) Creditors Tribunal newspapers debt repayment to pay the debt, takes time too.” receive any response. Commission set received by the
have not been notified yet. Says While it isn’t an easy deci- Krishna then filed a aside their orders subscriber. Since one of
Sandeep Bajaj, Founder &  UnderIBC, an individual can applyfor  If the loan is joint,both the borrowers are required sion, the process is also com- complaint before the the two subscriptions for
Managing Partner, PSL bankruptcy even if the spouse is working to file for insolvency proceedings if unable to repay plicated and time-consuming District Forum for Bijapur. The the magazine was to be delivered to
Advocates & Solicitors: “At pres- and has regular income the debt especially since we are stuck in company sent a letter stating that it Krishna at his Bijapur address, the
ent, in respect of Individual the older law. Not many have was being run by an 80-year old National Commission held that the
Insolvency and Bankruptcy, the walked down this path, par- person who would not be able to Forum has erred in exercising
proceedings are governed by Shah Associates says: “The pre- been met, the court may accept any legal proceedings against tially because of the social stig- attend the hearing. The letter also jurisdiction even though the
the Presidency Towns vailing bankruptcy laws do not or reject the petition. Once you the property or assets of the ma, partly because of old rules, stated that the terms and conditions complaint was maintainable
Insolvency Act, 1909 (applica- distinguish between salaried or file the petition, a hearing date debtor.” partly due to fear of approach- governing the subscription before it.
ble to proceedings to be insti- self-employed individuals. An is announced and the court ing lawyers and courts. Ajay provided that all disputes would be Accordingly, by its order of July
tuted before the High Courts of individual who owes a debt to a appoints an interim receiver Adjunction: On the hearing Shaw, partner, DSK Legal, says: subject to Delhi jurisdiction and 13, 2020, delivered by Prem Narain,
Calcutta, Bombay and Madras) person and is not able to dis- who takes immediate posses- date, if the court finds that your “There is why there is an would be decided by a sole the National Commission set aside
and the Provincial Insolvency charge the same owing to his sion of the property of the petition is satisfactory, it will immediate need to usher in the arbitrator to be appointed by the orders of the District Forum as
Act, 1920 (which applies to the deteriorating financial condi- debtor. Aishwarya Satija, pass on “order of adjunction” individual insolvency provi- the company. well as the State Commission. It held
rest of India). Once the provi- tions can apply for bankruptcy. research fellow, Vidhi Centre which will make you – the sions under the IBC. The IBC The Bijapur District Forum the complaint to be maintainable. It
sions of the Code are notified, for Legal Policy, an independ- debtor – an undischarged is a composite framework that concluded that it did not have the also ordered a refund of the entire
the repeal Section 23 of the The process: Once you have ent legal advisory group, insolvent. After this, the court- contemplates a fair and order- jurisdiction to entertain the amount paid by Krishna along with
Code shall come into force and decided to file for bankruptcy, explains: “Under the IBC, appointed officer will sell off ly process for dealing with complaint in view of the arbitration delivery charges of ~1,100. In
the aforementioned statutes you need to approach a lawyer there’s an automatic stay your property, if any. The mon- the insolvency situation for clause, and also because it lacked addition, ~5,000 was awarded as
shall cease to affect.” Note that to file a proposal in the court, mechanism in place. But under ey recovered after the sale will individuals. It is expected to territorial jurisdiction since the compensation and ~4,000 towards
the provisions of both the Acts along with the necessary docu- the current laws, you can be distributed among the make the process more time- company was located in Delhi. litigation costs.
are similar. mentation. After analysing if apply for a stay order from the debtors. Adds Borah: “The dis- bound than what the current When Krishna challenged the order
Gopal Bohra, Partner, NA the conditions for filing have court, and it can give a stay on tribution will be made in order laws provide.” before the Karnataka State The author is a consumer activist

RISHI LASER LIMITED

CIN : L99999MH1992PLC066412
612, V. K. Indl. Estate, 10/14
Pais Street, Byculla (W) Mumbai 400 011
Email : rlcl.mumbai@rishilaser.com
Web : www.rishilaser.com
NOTICE
Notice is hereby given that pursuant to
Regulation 47 read with Regulation 29 and
33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations,
2015 and any amendments thereof, a
meeting of the Board of Directors of
the Company will be held on Tuesday,
July 28, 2020, inter alia, to consider,
approve and take on record the audited
financial results (Standalone and
Consolidated) for the quarter and year
ended March 31, 2020.
The said notice can be accessed
on the Company’s website at
www.rishilaser.com and also on the
website of the Stock Exchange at
www.bseindia.com
For RISHI LASER LIMITED
Harshad Patel
Managing Director
Place : Mumbai

BAJAJ HOLDINGS & INVESTMENT LIMITED Date : July 23, 2020

CIN: L65993PN1945PLC004656
Registered Office: Mumbai - Pune Road, Akurdi, Pune 411 035
Website: www.bhil.in | E-mail ID: investors@bhil.in | Telephone: +91 20 27472851

Extract of consolidated unaudited financial results for the quarter ended 30 June 2020
(` In Crore) RISHI TECHTEX LIMITED
CIN : L28129MH1984PLC032008
Sr. No. Particulars Quarter ended Quarter ended Year ended 612, V. K. Industrial Estate, 10-14 Pais Street, Byculla (W), Mumbai 400 011
30.06.2020 30.06.2019 31.03.2020 Tel. No. (022) 23075677 / 23074585, Fax No. (022) 23080022
Email : info@rishitechtex.com Website : www.rishitechtex.com
(Reviewed) (Reviewed) (Audited)
STATEMENT OF AUDITED FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2020
1 Revenue from operations 90.25 78.59 393.38 (Rs. In Lacs)
Quarter Ended Year Ended
2 Profit before tax 708.27 690.10 3,313.67
Particulars 31.03.2020 31.03.2019 31.03.2020 31.03.2019
3 Profit for the period (attributable to owners of the company) 679.13 669.28 2,992.00 Audited Audited Audited Audited
Total income from operations 2002.90 2395.29 7622.39 8397.25
4 Total comprehensive income (attributable to owners of the company) 2,194.30 4,273.67 4,339.89
Net Profit / (Loss) for the period
44.73 128.05 221.54 404.25
5 Paid-up equity share capital 111.29 111.29 111.29 (before Tax, Exceptional and / or Extraordinary items)
Net Profit / (Loss) for the period before tax
6 Other equity (as shown in the Balance Sheet of previous year) 27,652.25 44.73 128.05 221.54 404.25
(after Exceptional and/or Extraordinary items)
7 Basic and diluted earnings per share (`) (not annualised) Net Profit / (Loss) for the period after tax
-27.96 71.97 99.66 292.17
(Face value of `10 each) 61.0 60.1 268.8 (after Exceptional and / or Extraordinary items)
Total Comprehensive Income for the period
Key standalone financial information is given below: (` In Crore)
[Comprising Profit / (Loss) for the period (after tax) -28.90 71.03 98.97 291.23
Sr. No. Particulars Quarter ended Quarter ended Year ended and other Comprehensive Income (after tax)] ALLIED DIGITAL
SERVICES LIMITED
30.06.2020 30.06.2019 31.03.2020 Equity Share Capital 739.10 739.10 739.10 739.10 REGD. OFFICE: Premises No.13A, 13th Floor, Earnest House,
(Reviewed) (Reviewed) (Audited) Reserves (excluding Revaluation Reserve NCPA Road, Block III, Nariman Point, Mumbai- 400021
1880.17 1880.17 1781.20 CIN:L72200MH1995PLC085488
as shown in the Balance Sheet of previous year)
1 Total income 99.54 83.28 2,205.86 PHONE: 022-66816400; WEBSITE:www.allieddigital.net
Earnings Per Share (of Rs. 10/- each) E-MAIL:cs@allieddigital.net / investors@allieddigital.net
2 Profit before tax 71.27 42.69 2,048.09 (for continuing and discontinued operations) NOTICE OF BOARD MEETING
Pursuant to the Regulation 29(1)(a) read with Regulation
Basic: -0.39 1.10 1.35 3.95 47(1)(a) of the SEBI (Listing Obligations and Disclosure
3 Profit after tax 43.13 22.84 1,826.87 Requirements) Regulations, 2015, (as may be amended
Diluted: -0.39 1.10 1.35 3.95 from time to time). Notice is hereby given that a meeting of
Notes: the Board of Directors of the Company is scheduled to be
held on Thursday, July 30, 2020 to consider, approve and
Note: The above is an extract of the unaudited financial results for the quarter ended 30 June 2020 which have been reviewed by the Audit Committee, approved 1. The above is an extract of the detailed format of audited Financial Results filed with the Stock Exchange take on record the Un-audited Standalone and Consolidated
by Board of Directors at its meeting held on 22 July 2020, subjected to limited review by statutory auditors and filed with the stock exchanges under under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Financial Results of the Company for the quarter ended
June, 30, 2020 along with Limited Review Report amongst
Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The full format of the aforesaid financial results is available 2. The Above audited financial results have been reviewd by the Audit Committee and taken on record by the other matters.
on the website of the Company, BSE Limited and National Stock Exchange of India Limited i.e. www.bhil.in, www.bseindia.com and www.nseindia.com Board of Directors at their meeting held on 21st July, 2020. Further pursuant to SEBI (Prohibition of Insider Trading)
3. The financial results for the quarter and year ended March 31, 2020 have been prepared in accordance Regulations, 2015 read with amendments thereto and
respectively. referring to the clarification regarding trading restriction
with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of period given by NSE vide letter dated April 02, 2019 vide Ref
the Companies Act 2013 and other recognised accounting practices and policies to the extent applicable. No: NSE/CML/2019/11 and BSE vide its letter dated April
By order of the Board of Directors 4. The figures for the quarter ended March 31, 2020 and March 31, 2019 are the balancing figure between
02, 2019 vide Ref No. LIST/COMP/01/2019-20, the Trading
Window for dealing in the securities of the Company was
For Bajaj Holdings & Investment Limited the audited figures in respect of the full financial year and the published figures of nine months ended already closed for all Designated/Connected Persons from
July 01, 2020 till the end of 48 hours after declaration of
December 31, 2019 and December 31, 2018 respectively. financial results for the quarter ended June 30, 2020.
5. The full format of the Financial Results are available on the Stock Exchange website and on The aforesaid notice is also available on the Company’s
website at www.allieddigital.net and may also be assessed on
www.rishitechtex.com
Pune Sanjiv Bajaj Stock Exchanges website where the shares of the Company
For RISHI TECHTEX LTD. are Listed at www.bseindia.com and www.nseindia.com.
22 July 2020 Managing Director and CEO sd/- By Order of the Board
ALLIED DIGITAL SERVICES LIMITED
Abhishek Patel Sd/-
Place : Mumbai Managing Director Place: Mumbai CS Neha Bagla
Date : 21.07.2020 DIN: 05183410 Date: 23.07.2020 Company Secretary
14 STOCKS
>
MUMBAI | THURSDAY, 23 JULY 2020 1

> STOCK
IN THE > Matrimony.com > Balmer Lawrie & Company > Mahindra & Mahindra Financial Services

NEWS Close at upper circuit

filter of 20 per cent
Top gainer among the
A group stocks
Trading volume jumps
more than three times OF THE DAY
Reliance Industries: Stock
~464.50 PREVIOUS CLOSE ~106.15 PREVIOUS CLOSE ~138.85 PREVIOUS CLOSE hits new life-time high at
~557.40 CLOSE ~121.10 CLOSE ~153.95 CLOSE ~2010.00, up 40 per cent in the
p 20.00% UP p 14.08% UP p 10.85% UP two months

N FTY 50
m % W m % W
ADVANCES/DECL NE F&0 SNAPSHOT DAY S TOP GA NERS DAY S TOP LOSERS
% % m m m % m m % m
% %
W M M
M U H M H
M
M M m
M M m
M M
M
M M O M
m M M
M
O
m m
w PUT-CALL RAT O M
U U M
m O
m M
M O
m O m
M m
M
m
m m m
N
W m
M
M m
O
M
M M MOST TRADED TOP M-CAP TRENDS
m
m m M m % m %

M w
W ACT VE CALLS ACT VE PUTS
OW
% %
O â MARKET OVERV EW M M OW
ND
S&P BSE SENSEX STOCKS GG G M
M M
M M
M w
M M m
M
O U N w M m m
w OW
M
M m
m
m W
M m m
m
M M m
á m
â
M SPURT N VOLUMES M
M â OW
m m
m O
M m m %
â TRAD NG ACT V TY m O W
M M m m M W
O m m
á w
WORLD ND CES O m w
á m
m
m W
O O â
% %
O á w
m O w
w w O
w
m
m m
BOARD MEET NGS NTRA-DAY
m Q m m M m
m m F S N DER VAT VES 52 WEEK NEW H GHS/LOWS
m
m m m m m
m m
H GH W m M m O
O M W M
O O O M M M
O w O O O M M M
O m M M
O m m w w
M M
MAJOR ND CES M W M
% m M m M
m m
m m
m M m
m M O
S&P BSE SECTORAL ND CES W
O m m M
%
O O M M m
w m
Q M m m M M
w M M M M
O m M m m M w M m
M m w W m m O O M m m
M m mO M M m O M M m
w m m
M O m mm M
M m M W m m M
O w w M m M
w M mO m M m m w
m m
w mm m M M w mm O w
m m w w M m M m m M w

> BS 200
WHAT THIS STOCK PAGE CONTAINS AND WHY The third sub-set of The table also contains the (F&O) section a wide set of an option may be exercised. becomes valueless while compared with the previous XD after the traded quotes M
BSE NSE BSE NSE
information is the stock’s company’s price-earnings data has been provided. An option is “in-the-money” futures contracts are close, the close price is indicate that the scrip has
market capitalisation. The (P/E) multiple. The P/E Open Interest: OI is the if the market price exceeds compulsorily settled on underlined. A significant gone ex-dividend after that l ~100 q ~3 Aarti Inds (A) < Abbott India (A)
BS 200 stocks account for over paid-up value . Four
market capitalisation is multiple is arrived at by number of contracts open at the SP (in case of a call option) expiry. On NSE, it is the last change means a 3 per cent date; XB denotes ex-bonus, PCLose (897.7) (897.8) (15019.9) (15014.8)
85 per cent of the volume of categories of information are m ~50 H ~2 Open 897.7 905.0 15020.0 15051.0
shares, value and trades on provided: First, the basic shown in ~crore and is arrived dividing the day’s closing end of day in the futures and and the market price is below Thursday of every month. rise or fall in scrips whose XR ex-rights; XO ex-indicator
High 906.0 906.9 15185.0 15199.0
the Bombay Stock Exchange information on the day’s at by multiplying the closing price by its reported earning options segment. OI thus SP (in case of a put). Put/call ratio: The ratio of market values are over 10 for other corporate actions n ~20 « ~1
Low 894.1 893.5 14903.8 14900.0
and National Stock Exchange. trading. Information is also prices of shares with equity per share (EPS) for trailing 12 indicates traders’ Otherwise it is “out-of- open interest in put options & times paid-up value or 15 per like AGM/EGM/ preference u ~6 Face value Close 903.4 904.2 14936.4 14937.5
For BS 200 stocks, the given on the number of capital. It changes either months. EPS is calculated on expectations. High OI is money” call options. cent for the rest of the shares. shares/mergers and others . M of scrips is Shares 7198 171K 1318 13733
because more shares have the basis of consolidated typical when traders see a Expiry date: The date on ABBREVIATIONS: When a The letters H or L appended denotes volume of shares in < ~5 ~10 in all PE 30.1 30.1 53.5 53.5
company name is followed by shares traded, and also the 52 Wk H/L 1192/662 1192/668 18569/830018680/8278
been issued (or extinguished) earnings wherever available. continuing trend. which a derivative expires . significant change occurs in to prices indicate a new high million, L in lakhs & K in cases if not
its BSE group in brackets and price trend with 52-week Q ~4 specified. Mcap 15741 15754 31740 31742
the symbol indicating the highs and lows. or the price has moved. In the futures and options Strike Price: The price at which An unexercised option the day’s closing value or low in the scrip; the letters ‘000’.

BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE BSE NSE
ACC (A) Adani Enter (A) « Adani Gas (A) « Adani Green En (A) Adani Ports (A) H Adani Power (A) H m m H m H m « m m H < « « « m
(1380.7) (1379.3) (167.2) (167.3) (151.4) (151.4) (347.7) (347.4) (314.6) (314.7) (35.3) (35.3)
O 1382.8 1388.0 167.0 167.0 151.6 152.5 342.4 345.0 321.5 316.2 35.3 35.1 O O
1388.1 1389.3 171.8 172.0 154.9 155.0 346.4 347.0 321.5 318.7 35.5 35.5
w 1361.3 1361.0 162.3 162.0 148.9 148.5 332.6 332.6 309.4 309.1 34.9 34.9 w w
1372.3 1372.3 169.3 169.4 150.8 150.5 336.1 336.0 312.0 312.0 35.1 35.1
38248 1134K 479K 4611K 186K 1443K 155K 537K 79826 3069K 140K 3258K
22.0 22.0 16.4 16.4 - - - - 16.8 16.8 - -
W 1708/896 1709/895 261/116 261/116 195/77 195/77 487/43 487/43 429/203 429/203 74/24 74/23 W W
M 25770 25770 18614 18631 16579 16552 52566 52551 63391 63391 13519 13519 M M

Aurob Pharma (A) « Avanti Feeds (A) « Avenue Supermar (A) Axis Bank (A) H Bajaj Auto (A) Bajaj Fin (A) H Bajaj Finsrv (A) < Balkrishna I (A) H Bandhan Bank (A) Bank of Baroda (A) H Bank of India (A) Bata India (A) < BEML (A) Berge Paint (A) « Bharat Elctn (A) « Bharat Forge (A) H Bharti Airtel (A) < Bharti Infratel (A)
(800.4) (800.2) (444.9) (445.5) (2040.4) (2040.8) (446.2) (446.2) (3004.4) (3004.3) (3292.9) (3292.4) (6381.4) (6384.4) (1249.3) (1249.2) (353.1) (353.2) (49.4) (49.4) (50.3) (50.3) (1305.3) (1305.7) (649.8) (650.7) (518.7) (517.3) (99.3) (99.3) (384.0) (384.4) (567.8) (567.8) (198.8) (198.9)
O 804.4 804.0 447.1 446.2 2052.0 2055.0 473.0 478.0 3005.1 3011.0 3316.2 3320.0 O 6609.0 6599.0 1255.0 1252.0 355.1 355.5 49.8 49.5 50.3 50.3 1314.0 1309.0 O 661.1 662.0 520.5 519.4 100.0 99.9 386.0 386.0 568.0 568.0 200.0 199.5
842.0 842.6 452.6 453.4 2121.0 2120.6 484.5 484.6 3025.0 3030.2 3345.0 3340.0 6609.0 6599.0 1274.0 1274.5 356.4 357.0 50.0 50.0 50.5 50.6 1314.0 1311.2 664.7 664.0 521.0 521.0 100.0 100.0 388.9 389.0 575.5 575.5 203.8 203.9
w 804.4 803.8 436.4 436.4 2011.1 2010.0 460.3 460.1 2928.6 2906.6 3194.2 3193.6 w 6265.8 6271.0 1242.5 1242.0 339.3 339.0 48.4 48.4 48.4 48.5 1283.9 1283.6 w 644.3 644.9 509.1 509.3 96.6 96.5 379.6 379.3 563.0 562.8 198.2 198.3
824.8 824.9 439.6 439.3 2108.9 2110.0 479.1 479.0 2984.8 2985.4 3252.6 3253.0 6349.7 6347.4 1257.8 1257.5 344.0 343.9 XO48.7 48.7 48.5 48.6 1293.5 1293.1 656.6 656.7 519.4 519.5 97.9 97.9 387.4 387.2 569.5 569.2 200.5 200.6
244K 5992K 17922 421K 62177 1722K 2967K 89612K 78198 2051K 866K 17070K 107K 2158K 38672 1151K 848K 9907K 1228K 27425K 347K 2541K 75163 794K 69072 752K 67465 1320K 457K 8901K 223K 3338K 653K 10831K 532K 6970K
17.1 17.1 20.9 20.9 128.4 128.4 98.7 98.7 16.6 16.6 42.4 42.4 27.0 27.0 25.7 25.7 20.0 20.0 41.2 41.2 - - 50.9 50.8 40.0 40.0 72.2 72.2 13.3 13.3 38.1 38.1 - - 11.2 11.2
W 846/281 846/289 770/250 770/251 2559/1384 2560/1384 766/285 766/286 3315/1793 3315/1789 4923/1783 4923/1783 W 10297/3986 9950/3985 1325/678 1325/679 650/152 650/152 120/36 119/36 81/30 82/30 1897/1017 1895/1000 W 1108/370 1109/370 597/307 597/306 122/56 122/56 533/208 534/208 612/322 612/321 296/121 297/120
M 48325 48331 5987 5983 136605 136679 135188 135160 86370 86389 195999 196026 M 101048 101013 24313 24307 55386 55378 22502 22502 15893 15909 16623 16618 M 2734 2734 50439 50449 23842 23854 18037 18028 310694 310503 37075 37094

BHEL (A) H Biocon (A) < Birla Corpn (A) Bosch (A) BPCL (A) Britannia (A) « Cadila Healt (A) « Canara Bank (A) Century Tex (A) CESC (A) Chola Inv (A) H Cipla (A) H City Union B (A) « Coal India (A) Colgate (A) « Containr Crp (A) < Coromndl Int (A) « Cummins (I) (A) H
(38.0) (38.0) (426.3) (426.3) (570.0) (570.8) (13173.2) (13162.5) (463.7) (464.2) (3879.6) (3880.4) (364.9) (364.9) (104.0) (104.0) (308.4) (308.4) (589.0) (590.0) (212.4) (212.6) (661.4) (662.3) (126.1) (126.0) (133.1) (133.1) (1412.8) (1413.7) (457.1) (457.0) (806.8) (806.9) (387.9) (388.3)
O 38.3 38.3 427.0 428.0 570.4 570.9 13170.0 13300.0 465.0 464.8 3900.2 3914.8 O 368.9 366.3 104.4 104.7 311.0 310.4 589.1 588.1 212.2 212.0 664.2 666.2 O 126.2 126.5 134.5 133.7 1424.0 1423.5 457.1 457.6 815.0 812.0 390.5 390.0
39.0 39.0 441.0 441.0 574.0 575.0 13490.0 13498.0 466.0 465.0 3930.0 3924.4 373.5 373.6 105.4 105.3 312.2 312.5 595.1 593.9 224.1 224.2 677.5 677.8 127.0 127.0 136.6 136.7 1424.0 1428.1 459.7 460.0 819.0 819.4 395.3 395.0
w 37.5 37.5 425.8 425.7 558.7 558.0 13064.6 13050.0 447.6 447.7 3790.0 3791.1 w 361.6 361.5 101.5 101.4 302.5 302.2 571.6 571.9 207.1 207.1 658.0 657.5 w 124.0 124.0 132.8 132.8 1386.0 1385.0 446.2 446.1 801.0 800.5 385.5 385.0
38.0 38.0 431.0 430.7 559.9 559.9 13269.9 13264.7 450.3 450.6 3805.5 3805.1 366.6 366.7 102.1 102.1 308.0 308.2 573.2 574.0 220.4 220.9 661.8 661.7 124.4 124.3 134.1 134.1 1392.7 1392.2 451.5 451.7 813.6 813.1 393.4 393.3
2233K 39544K 322K 9093K 4751 141K 2439 47894 451K 12682K 34154 1019K 240K 3470K 368K 12787K 50926 797K 9643 540K 593K 16592K 295K 5918K 72414 958K 510K 14123K 17883 633K 80227 1415K 11781 352K 31118 1000K
- - 69.1 69.1 13.7 13.7 60.2 60.2 36.4 36.4 53.9 53.9 31.9 31.9 - - 9.9 9.9 8.3 8.3 17.2 17.2 34.5 34.5 19.2 19.2 4.9 4.9 46.4 46.4 73.2 73.2 22.4 22.4 17.3 17.3
W 65/19 65/18 455/211 447/211 808/373 807/372 17137/787417260/7850 550/252 549/252 4015/2101 4010/2100 W 385/206 385/202 266/74 267/74 987/220 988/219 855/366 852/365 349/117 349/117 696/357 697/355 W 249/110 249/110 223/119 223/119 1641/1065 1643/1065 665/263 666/263 822/337 823/337 764/282 765/280
M 13232 13232 51720 51684 4311 4311 39133 39118 97670 97746 91559 91550 M 37529 37534 14833 14840 3440 3442 7598 7608 18064 18105 53361 53353 M 9168 9165 82611 82642 37880 37866 27510 27519 23845 23832 10905 10902

Cyient (A) < Dabur India (A) « DCB Bank (A) Deepak Nitrt (A) H Divis Lab (A) H Dixon Tech (A) DLF (A) H Dr Lal PathLabs (A) Dr Reddys (A) < Eicher Motor (A) Embassy Office (IF) Equitas Hold (A) Escorts (A) Exide Ind (A) « Federal Bank (A) H Future Retail (A) H GAIL (A) Glenmark (A) «
(299.8) (299.9) (491.6) (491.6) (82.4) (82.4) (534.3) (534.4) (2281.9) (2282.3) (7110.9) (7120.4) (143.4) (143.3) (1976.7) (1979.8) (4034.9) (4033.6) (20111.5) (20116.7) (348.0) (-) (57.7) (57.7) (1172.1) (1171.8) (160.7) (160.6) (54.5) (54.5) (107.3) (107.3) (103.8) (103.8) (414.3) (414.1)
O 300.6 302.9 495.0 493.0 83.0 82.7 537.4 535.0 2285.0 2293.0 7190.0 7156.0 O 143.6 144.0 1989.0 1991.0 4060.0 4053.6 20202.0 20240.0 348.0 - 58.6 57.7 O 1168.0 1165.0 160.4 160.2 54.8 54.5 107.4 106.7 104.3 104.3 414.3 416.0
301.3 302.9 495.0 495.2 83.0 83.0 547.0 547.5 2310.0 2307.0 7514.8 7520.0 146.3 146.5 2000.0 1998.0 4129.9 4130.0 20283.4 20300.0 363.3 - 58.7 58.6 1210.7 1210.0 162.6 162.8 57.2 57.3 109.1 109.7 104.9 105.0 420.0 420.0
w 293.0 292.6 478.7 478.4 80.9 80.8 523.3 523.1 2246.9 2245.8 6923.8 6913.3 w 141.2 141.2 1936.3 1935.3 4026.7 4025.1 19753.6 19742.0 348.0 - 56.3 56.3 w 1164.1 1163.0 157.9 157.8 53.2 53.1 105.1 105.0 100.8 100.9 411.4 411.4
298.6 297.8 481.1 481.1 81.4 81.4 534.7 534.5 2262.1 2261.8 7372.2 7376.2 142.7 142.7 1949.8 1949.5 4061.8 4061.6 19879.2 19890.6 361.5 - 57.1 57.1 1204.2 1203.7 158.6 158.7 56.7 56.7 105.9 105.7 102.0 102.0 413.7 413.7
23823 373K 192K 3073K 48237 1053K 40666 827K 11441 315K 5148 140K 629K 9775K 3814 122K 38284 819K 10805 336K 28400 - 422K 9572K 289K 3475K 219K 3237K 2137K 58376K 145K 2201K 850K 13460K 313K 1788K
9.8 9.8 58.8 58.8 7.5 7.5 13.4 13.4 43.7 43.7 70.8 70.8 - - 71.9 71.9 33.3 33.3 29.7 29.7 - - 253.6 253.6 33.4 33.4 16.3 16.3 7.2 7.2 8.1 8.1 6.9 6.9 15.0 15.0
W 514/184 514/184 525/385 525/386 219/58 218/58 570/257 568/257 2538/1467 2538/1466 7515/1831 7520/1560 W 267/115 267/115 2030/1053 2029/1054 4189/2352 4190/2351 23428/12460 23450/12450 518/301 -/- 121/33 121/33 W 1211/423 1210/424 209/122 209/125 99/36 99/36 475/61 444/61 148/66 149/65 573/168 573/162
M 3283 3275 85021 85021 2527 2527 7293 7290 60047 60038 8530 8534 M 35323 35323 16250 16247 67523 67520 54290 54321 27894 - 1950 1950 M 16236 16229 13477 13485 11295 11305 5739 5731 46003 45981 11675 11675

GMR Infra (A) « Godrej Cons (A) « Godrej Prpty (A) < Granules (A) « Grasim Ind (A) H Gujarat Gas (A) H Havells I (A) « HCL Techno (A) H HDFC (A) H HDFC AMC (A) < HDFC Bank (A) « HDFC Std Life (A) Hero MotoCorp (A) H Hexaware Tch (A) H Hindalco (A) « HPCL (A) HUL (A) « ICICI Bank (A) H
(19.9) (19.9) (680.0) (680.3) (897.7) (898.2) (263.1) (263.3) (602.7) (603.1) (305.7) (305.5) (579.0) (579.0) (652.0) (652.3) (1883.4) (1883.7) (2511.4) (2512.5) (1139.6) (1138.6) (627.0) (627.5) (2868.3) (2869.1) (355.0) (355.0) (159.9) (160.0) (234.1) (234.3) (2319.1) (2318.0) (378.9) (378.8)
O 19.9 20.0 685.0 680.3 903.0 900.0 265.1 265.6 607.0 607.0 306.0 306.0 O 582.9 581.0 656.0 657.0 1899.0 1895.5 2525.0 2525.0 1140.0 1138.5 630.0 627.0 O 2860.0 2860.0 357.0 356.0 160.1 160.6 236.3 236.4 2340.0 2330.0 385.8 386.9
21.4 21.4 695.5 696.0 908.9 908.9 276.5 276.4 611.8 612.0 307.7 307.8 590.0 590.2 656.3 658.0 1899.0 1899.0 2528.0 2529.0 1141.6 1144.5 630.0 627.0 2860.5 2860.0 358.5 359.0 163.8 163.9 237.6 236.4 2340.0 2330.0 389.4 389.5
w 19.8 19.8 676.0 675.5 878.6 875.6 263.2 263.1 594.3 594.0 296.4 296.2 w 575.0 575.0 643.5 643.1 1852.0 1851.5 2485.0 2483.2 1118.0 1117.6 606.0 605.9 w 2755.0 2753.1 351.0 351.3 157.4 157.4 225.3 225.3 2241.0 2241.3 375.4 375.3
20.8 20.8 693.4 693.2 886.3 886.1 270.1 270.1 601.7 601.8 300.0 300.6 585.2 584.7 650.6 650.2 1882.6 1881.1 2504.9 2505.2 1126.4 1126.4 609.7 609.7 2768.6 2768.0 356.2 356.5 160.0 159.9 228.5 228.2 2248.2 2248.5 381.1 381.1
4194K 28845K 130K 1727K 31691 463K 299K 6424K 74921 1743K 58485 728K 119K 2432K 165K 3838K 211K 5539K 10424 309K 666K 12359K 202K 5165K 32800 1349K 56041 542K 646K 17456K 298K 6695K 346K 6950K 2827K 45501K
- - 47.4 47.4 83.6 83.6 18.4 18.4 9.0 9.0 17.3 17.3 50.0 49.9 15.0 15.0 18.4 18.4 - - 22.6 22.6 93.1 93.1 15.2 15.2 15.7 15.7 58.0 58.0 13.2 13.2 77.0 77.0 31.1 31.1
W 27/14 27/14 772/425 772/425 1188/506 1189/505 276/84 276/84 898/380 898/385 330/154 329/155 W 765/447 766/447 662/376 662/375 2500/1473 2500/1473 3844/1964 3844/1962 1304/739 1306/739 646/339 646/340 W 3021/1475 3023/1475 399/202 399/202 221/85 221/85 329/155 329/150 2614/1668 2614/1667 552/269 552/268
M 12524 12524 70895 70880 22341 22336 6678 6678 39577 39586 20649 20693 M 36630 36599 176550 176428 326556 326287 53313 53321 618427 618400 123109 123099 M 55303 55291 10647 10654 35930 35918 34819 34774 528237 528308 246806 246806

ICICI Lombard (A) ICICI Prud Life (A) IDFC First Bank (A) India Cement (A) Indiabulls Hous (A) H Indian Hotel (A) « Indraprst Gs (A) H IndusInd Bank (A) Info Edge (A) Infosys (A) < InterGlobe Avia (A) IOC (A) IOL Chem (B) Ipca Labs (A) H IRCTC (B) ITC (A) « Jindal Steel (A) « JSW Steel (A) «
(1333.4) (1334.3) (443.3) (442.9) (27.1) (27.1) (123.1) (123.1) (224.4) (224.6) (80.3) (80.3) (404.8) (404.8) (523.4) (523.5) (3202.7) (3206.2) (936.7) (936.8) (964.3) (964.2) (93.4) (93.4) (753.4) (754.8) (1756.9) (1759.6) (1390.3) (1390.2) (192.3) (192.3) (178.7) (178.6) (210.1) (209.9)
O 1343.0 1332.6 447.0 447.0 27.4 27.2 123.1 123.0 225.0 225.7 81.2 81.2 O 402.1 403.3 528.9 528.0 3204.0 3200.3 940.0 939.0 964.0 964.0 93.7 93.6 O 756.2 758.6 1752.0 1756.9 1399.0 1395.0 192.8 193.0 180.0 179.8 211.8 211.0
1344.8 1345.6 448.1 448.0 27.5 27.5 123.9 124.0 225.7 226.0 81.7 81.7 411.8 411.8 528.9 528.6 3233.3 3237.9 940.0 939.0 973.8 973.8 94.2 94.2 779.0 778.7 1788.0 1789.0 1399.0 1398.7 197.9 197.9 181.3 181.3 214.0 214.0
w 1290.0 1288.6 435.4 435.4 26.7 26.7 118.4 118.3 217.2 217.1 79.7 79.7 w 398.0 398.0 508.1 508.0 3148.9 3147.6 911.6 910.0 946.3 946.0 91.5 91.5 w 710.6 710.1 1732.0 1731.1 1370.0 1370.0 192.6 192.5 168.8 168.7 204.1 204.1
1294.6 1294.4 442.1 442.2 27.0 27.0 119.2 119.2 219.5 219.6 80.0 79.9 406.0 405.9 513.5 513.6 3186.8 3188.5 919.4 917.9 965.8 965.7 92.1 92.0 730.9 730.8 1745.5 1746.7 1372.6 1373.0 196.6 196.6 173.3 173.4 207.0 207.0
8127 445K 168K 3571K 1444K 35043K 230K 1601K 2298K 16816K 159K 2352K 206K 7112K 832K 15202K 4205 328K 481K 14354K 121K 2023K 1450K 30482K 309K 3223K 5009 153K 55929 458K 1039K 32573K 2554K 24764K 752K 9324K
45.9 45.9 59.2 59.3 - - - - 4.3 4.3 26.8 26.8 25.0 25.0 8.1 8.1 189.9 189.9 23.0 23.0 - - 66.0 66.0 11.9 11.9 33.8 33.8 - - 16.0 16.0 - - 12.5 12.5
W 1440/806 1440/805 538/222 537/226 48/18 48/18 140/68 140/68 659/81 659/81 163/62 163/62 W 534/285 534/284 1596/236 1597/236 3310/1580 3318/1581 952/511 956/509 1911/765 1899/771 156/71 156/71 W 833/147 834/146 1844/844 1845/845 1995/625 1994/625 273/135 273/135 202/62 202/62 297/133 297/133
M 58836 58824 63473 63494 15315 15315 3694 3692 9383 9387 9508 9503 M 28417 28413 35611 35618 39045 39065 391600 390961 37164 37158 86657 86610 M 4291 4291 22054 22069 21962 21967 241674 241674 17677 17687 50036 50036

Jubilant Fd (A) Jubilant Lif (A) « Just Dial (A) Kotak Mah Bank (A) < L & T (A) H L & T Infotech (A) « L&T Finance Hol (A) Laurus Labs (A) LIC Hsg Fin (A) H Liquid Sach (F) Lupin (A) H M & M Fin (A) H Mah & Mah (A) < Maha Gas (A) Manapp Finance (A) H Marico (A) « Maruti Suzuki (A) < Max Fin Sre (A) H
(1745.3) (1744.6) (723.3) (723.9) (373.0) (373.1) (1358.8) (1359.0) (937.8) (938.0) (2279.4) (2279.6) (62.7) (62.7) (649.8) (649.8) (269.9) (269.8) (1000.0) (1000.0) (851.8) (851.7) (227.7) (138.9) (588.5) (588.3) (1001.2) (1001.7) (166.0) (166.1) (353.4) (353.5) (6132.9) (6130.9) (568.2) (568.0)
O 1731.0 1745.0 725.0 725.0 372.0 372.8 1370.0 1365.0 940.0 939.2 2285.0 2300.0 O 62.8 63.0 652.0 650.2 270.0 271.3 1000.0 1000.0 850.0 852.1 137.0 135.0 O 588.5 588.6 994.0 1000.9 167.0 167.0 356.0 354.9 6127.9 6117.0 565.5 570.8
1745.2 1749.8 760.0 760.0 373.4 373.2 1370.0 1366.4 940.0 941.0 2349.9 2350.0 63.2 63.2 679.4 679.8 275.8 275.9 1000.0 1000.0 869.5 869.8 159.5 159.5 612.0 612.0 1013.1 1013.4 178.3 178.5 356.0 355.3 6128.0 6129.0 594.0 594.0
w 1673.5 1673.1 706.6 705.1 363.5 363.3 1331.0 1331.0 910.2 910.0 2282.0 2280.0 w 61.5 61.4 648.1 649.0 266.3 266.3 1000.0 1000.0 846.3 846.0 134.3 134.0 w 582.1 582.0 986.5 986.0 165.4 165.2 349.6 349.5 5940.0 5939.7 549.4 548.6
1700.0 1699.8 749.3 747.2 369.2 369.4 1341.8 1342.4 921.0 920.9 2330.0 2330.7 62.4 62.4 676.4 676.4 270.7 270.8 1000.0 1000.0 851.2 850.8 XR154.0 153.9 591.8 592.0 1002.9 1003.3 173.5 173.6 351.2 350.9 6006.4 6003.4 565.6 565.9
33073 1027K 65389 1192K 151K 1555K 122K 4173K 220K 4978K 49642 316K 685K 9069K 108K 1422K 343K 5212K 74887 875K 126K 1983K 7835K 83204K 430K 11559K 14886 511K 1208K 20744K 107K 3103K 43475 1140K 106K 1628K
81.4 81.4 13.3 13.3 8.8 8.8 30.9 30.9 13.5 13.5 25.7 25.7 9.6 9.6 28.4 28.4 5.7 5.7 - - - - 9.6 19.1 55.3 55.3 12.5 12.5 10.0 10.0 44.4 44.4 32.1 32.1 55.9 56.0
W 1973/1078 1974/1078 760/230 760/234 756/251 758/250 1740/1000 1740/1001 1554/661 1551/661 2350/1208 2350/1210 W 134/46 134/46 679/298 680/295 529/186 529/185 1009/998 1010/996 956/505 956/505 403/125 246/76 W 621/246 622/245 1247/666 1246/664 195/76 195/74 404/234 404/234 7755/4002 7759/4001 611/280 612/276
M 22434 22432 11936 11903 2396 2398 265523 265632 129301 129294 40634 40647 M 12511 12521 7250 7250 13658 13663 - - 38566 38547 9510 19008 M 73573 73597 9907 9910 14660 14668 45337 45305 181441 181351 15244 15254

MCX (A) Metropolis Heal (A) H Mindtree (A) Mishra Dhatu Ni (A) Mothersons S (A) « MRF (A) Muthoot Finance (A) Nat Alum (A) < Natco Pharma (A) H Navin Fluo (A) H NBCC (A) « NCC (A) H Nestle India (A) NIIT Techno (A) Nippon Life Ind (A) NMDC (A) « NOCIL (A) NTPC (A)
(1499.3) (1500.2) (1457.2) (1457.7) (1007.8) (1009.2) (211.3) (211.3) (97.2) (97.1) (65600.4) (65621.1) (1232.4) (1231.2) (33.8) (33.8) (675.5) (675.0) (1743.1) (1744.4) (25.7) (25.8) (32.3) (32.3) (17284.1) (17275.6) (1668.8) (1668.3) (291.4) (291.7) (83.8) (83.8) (105.2) (105.2) (88.4) (88.3)
O 1510.0 1510.0 1467.2 1457.9 1020.0 1015.0 211.2 211.4 98.0 97.5 65600.0 65590.0 O 1234.0 1240.0 33.8 33.8 665.1 670.2 1743.0 1760.0 25.8 25.9 32.4 32.4 O 17420.0 17350.0 1655.0 1674.0 292.7 292.5 84.8 84.0 104.2 103.7 88.7 88.8
1529.0 1530.0 1486.0 1487.7 1026.6 1028.9 216.5 216.6 98.0 97.8 65600.0 65590.0 1342.0 1343.3 34.6 34.6 685.0 684.8 1813.0 1815.7 25.8 25.9 32.7 32.7 17431.1 17440.0 1677.7 1678.2 292.8 293.1 85.7 85.7 111.6 111.6 92.6 92.6
w 1432.2 1430.0 1450.0 1447.1 1003.0 1002.0 208.0 208.0 94.5 94.5 64272.2 64255.8 w 1231.7 1231.9 33.6 33.6 665.1 668.1 1715.1 1714.2 24.8 24.8 31.5 31.6 w 17000.8 17001.1 1633.6 1632.8 283.4 283.0 82.6 82.5 102.1 102.1 88.7 88.7
1502.9 1505.0 1457.1 1456.3 1013.8 1013.1 210.3 210.2 95.7 95.7 64413.5 64407.8 1315.2 1315.6 33.9 33.9 673.0 673.7 1779.1 1777.9 25.1 25.1 31.9 31.9 17146.5 17151.9 1647.1 1647.3 285.0 284.9 85.0 84.9 110.0 110.1 90.4 90.4
67813 412K 1004 30492 16763 713K 103K 1183K 570K 7570K 466 14419 454K 8586K 484K 9987K 11382 180K 14977 189K 467K 10749K 1379K 16001K 7526 156K 11760 226K 45347 744K 457K 9905K 436K 4900K 2264K 31322K
36.8 36.8 - - 22.2 22.2 24.7 24.7 25.2 25.2 19.6 19.6 17.5 17.6 45.7 45.7 26.7 26.7 22.0 22.0 55.9 55.9 5.1 5.1 81.4 81.4 22.5 22.5 42.0 42.0 7.2 7.2 13.9 13.9 8.8 8.8
W 1529/779 1530/779 2110/983 2109/995 1062/667 1063/667 278/109 279/108 151/49 151/49 73500/50000 73566/49915 W 1342/478 1343/477 49/24 49/24 738/450 738/403 1813/570 1816/570 52/14 52/14 81/16 81/16 W 18301/11300 18370/11299 2057/739 2060/735 453/201 453/208 140/62 140/62 128/45 128/45 134/74 134/73
M 7665 7676 7387 7383 16683 16673 3939 3938 30205 30205 27311 27309 M 52748 52766 6315 6315 12251 12264 8807 8800 4518 4518 1945 1945 M 165326 165378 9978 9979 17443 17437 26025 25995 1822 1823 89447 89397

ONGC (A) < Page Inds (A) Petronet LNG (A) Pfizer (A) PI Inds (A) « Pidilite Ind (A) « Piramal Entp (A) H PNB (A) H Power Fin (A) Power Grid (A) PVR (A) Radico Khatn (A) H Ramco Cements (A) « Raymond (A) RBL Bank (A) REC (A) Reliance Ind (A) SAIL (A)
(82.4) (82.4) (19212.0) (19214.4) (262.1) (262.1) (4179.4) (4182.5) (1687.0) (1685.6) (1403.3) (1402.8) (1559.7) (1558.4) (34.8) (34.8) (85.2) (85.2) (173.6) (173.6) (1040.1) (1040.2) (404.9) (404.9) (676.8) (678.1) (259.5) (259.5) (176.4) (176.5) (108.4) (108.3) (1971.8) (1971.6) (35.8) (35.8)
O 83.0 82.8 19279.0 19354.8 265.0 262.0 4158.0 4166.0 1690.0 1694.0 1405.5 1409.9 O 1545.1 1545.0 34.8 34.9 85.8 85.8 174.0 174.0 1040.0 1040.7 400.3 406.3 O 677.0 675.5 262.0 261.1 178.0 177.6 108.6 109.1 1980.1 1983.0 36.0 35.8
83.5 83.5 19300.0 19354.8 265.0 262.0 4193.1 4191.0 1716.6 1718.5 1410.0 1411.0 1552.7 1553.5 35.1 35.1 86.5 86.5 181.4 181.4 1116.0 1117.9 411.3 411.7 697.8 698.0 264.9 265.0 179.4 179.5 110.2 110.3 2010.0 2010.0 36.7 36.7
w 81.8 81.7 18880.2 18888.0 251.2 251.0 4117.0 4115.0 1680.0 1680.0 1371.1 1370.9 w 1477.9 1477.0 33.9 33.9 84.1 84.0 173.6 173.8 1022.6 1021.1 389.7 389.0 w 668.6 667.1 244.2 245.3 171.9 171.9 106.4 106.6 1960.0 1960.7 34.7 34.7
82.7 82.6 19162.8 19156.8 254.8 254.7 4154.0 4150.8 1695.1 1696.0 1384.7 1384.0 1489.9 1490.3 34.3 34.3 85.0 85.0 179.6 179.7 1108.0 1108.1 394.8 394.8 687.5 686.9 249.3 251.2 174.2 174.2 107.7 107.7 2004.1 2004.0 35.2 35.2
622K 17884K 496 16549 146K 6264K 1601 32213 5139 97157 49505 629K 104K 1873K 688K 26176K 437K 8350K 704K 25918K 143K 4091K 30065 698K 55710 2224K 98966 1184K 1050K 26672K 505K 8701K 1468K 27585K 1921K 42535K
7.9 7.9 62.3 62.2 14.2 14.2 37.3 37.3 58.1 58.2 63.0 63.0 1175.0 1175.3 95.9 95.9 4.0 4.0 8.7 8.7 236.2 236.2 23.2 23.2 26.9 26.9 8.5 8.5 17.5 17.5 4.4 4.4 32.3 32.3 7.2 7.2
W 150/52 150/50 26891/16187 26883/16254 302/171 299/170 5173/2798 5170/2792 1789/974 1790/970 1710/1183 1710/1183 W 2001/608 2001/607 73/26 73/26 133/74 133/74 216/130 216/122 2083/707 2087/705 439/220 439/220 W 883/457 884/455 838/210 829/210 486/102 486/102 157/79 157/79 2010/867 2010/867 52/20 52/20
M 103976 103913 21367 21360 38220 38205 19005 18990 25714 25728 70354 70318 M 33605 33613 32231 32231 22427 22427 93933 93986 6113 6113 5272 5272 M 16196 16183 1660 1672 8862 8862 21260 21260 1270479 1270416 14519 14519

« m m Siemens (A) H SRF (A) Sterlite Tch (A) H Strides Pharma (A) Sun Pharma (A) « < Tata Chem (A) Tata Consumer P (A) « Tata Elxsi (A) Tata Motors (A) H Tata Power (A) « Tata Steel (A)
(1178.3) (1178.9) (3806.0) (3806.1) (138.8) (138.9) (409.9) (409.6) (477.3) (477.3) (301.7) (301.5) (409.5) (409.5) (921.0) (921.3) (108.5) (108.4) (48.8) (48.8) (359.1) (359.1)
O O 1179.0 1179.0 3844.0 3833.9 137.0 139.0 418.0 411.0 480.0 479.7 O 300.0 302.0 409.5 410.0 938.0 931.0 108.6 108.5 49.0 48.7 362.0 360.5
1192.1 1186.4 3868.3 3870.0 138.8 139.0 418.0 415.0 488.0 488.0 306.5 306.5 417.6 417.4 939.6 940.0 109.8 109.8 51.5 51.5 362.9 362.9
w w 1158.0 1157.3 3771.6 3770.0 134.0 134.0 407.2 407.5 471.8 471.6 w 300.0 301.5 404.1 404.0 909.0 908.0 104.4 104.3 48.6 48.6 346.8 346.6
1173.9 1174.9 3812.0 3812.9 135.3 135.4 409.9 409.9 474.3 474.3 303.7 303.8 406.6 407.0 914.8 914.9 105.2 105.2 50.0 50.1 350.1 350.1
51851 559K 7837 172K 158K 2564K 216K 569K 273K 9848K 84758 1250K 120K 2620K 148K 418K 3915K 50741K 1634K 30639K 1252K 17844K
41.2 41.3 22.5 22.5 12.6 12.6 100.9 100.9 30.2 30.2 1.1 1.1 116.4 116.5 20.6 20.6 - - 13.5 13.5 25.4 25.4
W W 1717/947 1717/948 4259/2492 4260/2468 180/60 180/59 547/271 548/268 513/315 W 779/197 780/197 438/214 438/214 1099/501 1098/500 202/64 202/64 69/27 69/27 506/251 506/251
M M 41803 41838 21911 21917 5463 5469 3671 3671 M 7736 7740 37472 37509 5697 5698 32480 32480 13524 13538 39438 39433

« M < m « < w « M « w « H H « « W H H «

O O O

w w w

W W W
M M M
.
MUMBAI | THURSDAY, 23 JULY 2020 BRAND WORLD 15 <

Brands look for a personal

touch in the online pitch
People are spending more time on social media, offering brands a ringside
view of their lives and a chance to get up close and personal
T E NARASIMHAN
Chennai, 22 July

S
croll through timelines
and tweets or flip through
images and it is soon
abundantly clear that everyday
life, in a lockdown, is being doc-
umented by the minute on
social media. People are engag-
ing in group activities online,
getting nostalgic, celebrity
watching and ruminating more
over recipes and household
chores. Not only does this make
for rich material for social sci-
entists all over the world, it is
also useful fodder for brands, To leverage the rising chatter over hair care in a lockdown, Godrej ran a paid engagement with
helping them don the colours of Karan Johar (Left) for its hair colour brand on Instagram and KFC India tied up with Kunal
the moment, in shades that Kapur (Right) to reach out to the growing band of home chefs
their customers like.
“Our platforms are used by presence of stars stuck at home nothing impedes peoples’ online engagement based on
people to express themselves has also been picked up by desire to be online. social media chatter. Hence
and it reflects their mindsets. brands. There has been a flurry A Kantar report on online videos have become a favoured
So in the beginning, we saw of birthday celebrations, sup- behaviour after the ban on method of engagement; the
people sharing their home port and solidarity videos with TikTok and other Chinese- Kantar report found that after
workout tips, making Dalgona stars and so on to leverage their owned apps stated that average the ban, the most impressive
coffee, banana bread and play- large following of fans. time spent on Instagram dou- gain was seen on YouTube.
ing Quarantine-antakshari. “Now we’re in a phase bled and Facebook saw a 35 per Already the most popular digi-
Then we went on to see ‘live’ where brands are recognising cent jump in time spent after tal video platform in the coun-
entertainment experiences, the value of branded content the ban. People merely try, it saw a further 25 per cent
many led by public figures and how it's great for them to switched allegiances, once the increase in time-spent.
and creators, and some cre- showcase their value in a per- apps were banned. This has Almeida said, “What’s
ated or augmented by us,” sonal way,” said Chopra. For encouraged brands to under- interesting, is that so much of
Manish Chopra, director and example, Godrej had a paid stand the medium better. this usage is driven by video.”
head of partnerships, partnership with Karan Johar Pragati Rana, GM, mcgarry- The lockdown has enabled
Facebook India said. for their hair product Godrej bowen India, the global creative people to express themselves
A diverse set of people is Expert Rich Crème. Johar talks agency of Dentsu said that peo- in diverse ways and social
spending more time on social about his greying mane and ple are spending time in three media platforms have encour-
media platforms for more rea- then sneaks in a mention of the broad ways on these platforms. aged that according to Chopra.
sons than they did before. hair colour brand. Quick service One is an active engagement “Facebook and Instagram are
Brands have been quick to fall restaurant (QSR) chain, KFC, because you are seeking out platforms of expression and
in with the trending topics, ran a similar engagement with interesting things to do. The we’re increasingly seeing peo-
finding new hooks to get a Chef Kunal Kapoor and so have second is to express yourself ple use them to connect with
foothold in the social media many others with actors and assert who you are and the their family and friends,” he
universe of their customers. For Akshay Kumar, Twinkle third, this one has definitely added. With Instagram Reels,
instance, fitness and household Khanna and Kareena Kapoor. grown in size, is instinctual or he expects to see more of the
chores have made for engaging “People are consuming subconscious browsing.” same. The growing use and
advertising copy for several more media than ever before Brands need to tap into these the diversity of engagement Franklin Templeton Mutual Fund
brands including Asian Paints, (including digital), so that gives need states to bond with peo- on these platforms is defi- Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg,
Godrej Consumer, Zomato, opportunities for brands to ple, she said. nitely a boon for brands and Elphinstone Road (West), Mumbai 400013
Swiggy among others. interact with consumers in a Apart from finding the right the platforms, but the bal-
The increased attention meaningful way,” said Akhil reasons to reach out, brands are looning problem of hate Notice
being paid to celebrity lives and Almeida, vice president, also picking up cues on the speech and false identities
the heightened social media Insights Division, Kantar. Also mode, tone and pitch of their may well sour the bait.
Following the directions provided by the State Governments to curb the spread of COVID-19 cases, notice is hereby given
that below mentioned official point of acceptance of transactions (OPAT) of Franklin Templeton Asset Management (India)
Private Limited have become non-operational until further notice.
expected to announce further fiscal and database of all Covid patients they have Name of the Branch Address of the Branch
> FROM PAGE 1 monetary measures. “Monetary easing may treated so that they can reach out to them
Bhubaneshwar (Odisha) No. 77, Kharavel Nagar, Unit III, Janpath, Bhubaneswar- 751 001
continue till normalcy is restored. Central when the need arises.

Non-stop liquidity... banks are contemplating further easing. In

India, easing has not been much but com-
Max hospitals, which as part of the plas-
ma therapy trials had enrolled 50 patients,
Raipur (Chhattisgarh) Shop No. 310, 3rd Floor, Lalganga Shopping Mall, G. E. Road, Raipur 492001.
Fax: (0771) 4033614
Morgan Stanley has, in a July 15 note, pro- pared to our finances, it is still significant. went on to treat almost 200 more after the
We encourage investors to submit their transactions/ requests using various other modes i.e. FTAMC website, FT
jected G4 central banks to expand their B/S There is no other way — money has to be treatment became off label, outside the
mobile application/ MFU website or connect to your financial advisor.
by $12 trillion by end-2021. “G4 central made available cheaply,” said Bhat. purview of the study. Though the hospital
banks have announced aggressive quanti- does not have a plasma bank, it keeps a few In case of any queries, our toll-free investor line is available to assist you at 1-800-425-4255 or 1-800-258-4255
tative easing programs. We estimate them
to make asset purchase of $12 trillion this Direct tax refunds... units for its own patients for emergency
use. “We have to be very alert to assess that
(Monday to Saturday, 8 am to 9 pm). Alternatively, you can also e-mail us at service@franklintempleton.com
Investors are requested to take the note of the above.
easing cycle. Fed alone will make cumula- Over ~35,000 crore worth of refunds have a patient may become a candidate for plas-
tive asset purchases of $6.2 trillion by the been stuck where cases have been held up ma therapy and tell the family a day or two This notice is dated July 22, 2020.
end of 2021,” it said. for scrutiny. in advance that it (plasma) might be
Experts said money printing would pro- Approximately two-thirds of refunds required,” said Dr Sandeep Budhiraja, group For Franklin Templeton Asset Management (India) Pvt. Ltd.
vide a floor to global financial markets and pertains to companies, one-thirds to indi- medical director, Max Healthcare. (Investment Manager of Franklin Templeton Mutual Fund)
a liquidity boost to developing nations. vidual taxpayers. According to an official Situation has improved, Budhiraja said,
“Central banks are clear they will print release by the I-T department last week, after Delhi started the plasma bank. Sd/-
money for the next two years. As they print refunds worth ~24,603 crore were issued to In Kerala, some doctors are using a Sanjay Sapre
money to finance economies, cost of capi- individual taxpayers in 1.98 million cases; WhatsApp group of coronavirus patients. President
tal will further reduce. Our country will ~46,626 crore worth of corporate tax refunds The group was created when cases were ris-
receive more foreign portfolio investment were issued in 145,000 cases to companies ing and it helped mobilise people for donat- Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
(FPI) and foreign direct investment (FDI) during this period. ing plasma.Recovered patients can give
flows to fund economic revival. This will Overall direct tax collections — net of plasma after a month of recovery. Among
be a 3-year recovery. Markets are discount- refunds — fell 23.4 per cent to ~1.4 trillion as women, only those who have never given
ing economic recovery for the next 3 years,” of July 7, compared to ~1.83 trillion in the birth can donate plasma. Medical experts NOTICE
said Saurabh Mukherjea, founder of comparable period last year. say that the blood plasma of women who
Marcellus Investment Managers. A tax expert pointed out: “Based on have given birth has antibodies which can
After a record sell-off by FPIs of over $8 bil- practical experience, most of these refunds cause the risk of transfusion-related acute
lion in March, the YTDinvestment rally has issued are of smaller amounts, whereas lung injury.
improved significantly. At present, FPI out- there is still hesitation in issuing large Doctors also said that getting a donor is NOTICE is hereby given that DSP Trustee Private Limited (Formerly known as DSP BlackRock Trustee Company Private Limited),
flows stand at about $2 billion. Experts believe refunds. Numerically also, the average getting easier than before. The number of the Trustee to DSP Mutual Fund (‘Fund’), has vide Resolution dated July 22, 2020, declared a dividend in the Dividend Option under
the YTD tally for both foreign flows and equi- refund amount for a non-corporate tax- donations per day in Delhi Plasma Bank have Regular plan and Direct plan of below mentioned scheme of the Fund:
ty markets could turn positive on a YTD basis.. payer is approximately ~1.24 lakh, whereas doubled to over 50 in the last few weeks.
“When there is more monetary easing, for a corporate taxpayer, the average refund While the process of extracting plasma Record Date: July 28, 2020
cash finds its way to the equity markets; it amount is ~32.15 lakh.” . itself is simple, doctors say that it is the
is difficult to establish a direct correlation. However, other tax consultants pointed screening of donors, testing and filling up of Quantum of Dividend per Face Value per Unit NAV as on July 21, 2020
Scheme(s)/Plans/Options
But the money indirectly seeps into the sys- out that the pace of issuance of refunds by numerous forms that takes time. The process unit (Rs.) (Rs.) (Rs.)
tem. So, equity prices will remain buoyant,” the I-T department has improved over the itself involves collection of blood through an
said U R Bhat, director of Dalton Capital. past one month. “In recent months, the equipment called cell separator. “The sepa- DSP Equity & Bond Fund- Regular Plan
0.150 10.000 20.469
Not just G4 but even BRIC nations are refund process has been made faster. rator starts separating the various compo- – Dividend Option
Refunds of a few are being credit- nents of the blood. Out of this, the plasma is
ed to bank accounts within 15 days collected in a separate bag, and the rest of the DSP Equity & Bond Fund- Direct Plan –
> BS SUDOKU # 3110 of filing I-T returns (ITRs).,” said blood goes back to the donor,” said Dr Dividend Option
0.150 10.000 38.129
Rajat Mohan, partner, AMRG & Harpreet Kaur, who is in charge of the blood
Associates. bank at Aakash Healthcare. This process of Distribution of the above dividend is subject to the availability and adequacy of distributable surplus.
The I-T department has urged plasma collection costs around Rs 10,000-
taxpayers to provide immediate 11,000 which includes blood screening Pursuant to payment of dividend, the NAV of the Dividend Option under Regular and Direct plan of the aforesaid
response to emails from the tax charges. For the convalescent plasma thera- scheme of the Fund would fall to the extent of payout and statutory levy, if any.
department. Meanwhile, paving py, a standard dose of 200 ml has been decid-
the way for clearance of pending ed. Around 410 ml of blood is collected and Dividend will be paid to all those Unit Holders / Beneficial Owners, in the Dividend Option under Regular and Direct plan of the
tax refunds, the I-T department that gives two 200 ml bags (units) of plasma. aforesaid scheme of the Fund, whose names appear in the records of the Registrar and Transfer Agent, Computer Age Management
has announced a one-time relax- Services Limited / statement of Beneficiary Owners maintained by the Depositories as on the Record Date. The payout shall be
ation scheme for verification of
electronically filed tax returns for Govt hints at more subject to tax deducted at source (TDS) as applicable.
the past five years. steps after vaccine Unit holders are advised to update any change of address / bank details, if any, with depository participant(s) in advance of the Record
Date.
Testing times for To deal with the coronavirus crisis, the gov-
ernment in May had announced one of the
Any queries/clarifications in this regard may be addressed to:
plasma banks... world’s biggest stimulus packages, worth
~20.97 trillion, with a focus on the survival DSP Investment Managers Private Limited (“AMC”)
From Hollywood actor Tom of the business and drawing a road map for (Formerly known as DSP BlackRock Investment Managers Private Limited),
Hanks to minister in Delhi gov- the revival of the economy. Experts and CIN: U74140MH1996PTC099483,
SOLUTION TO #3109 Easy: ernment Atishi Marlena, many analysts said the package, whose fiscal cost Investment Manager for DSP Mutual Fund,
personalities have donated plas- was much less than the government's
 ma after they recovered from claims largely focussed on the supply side
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021
Solution Tel. No.: 91-22 66578000, Fax No.: 91-22 66578181,
Covid-19, thereby setting an exam- and hardly addressed the demand side con-
tomorrow ple. “The hardest part is to find the straints Toll Free No: 1800 200 4499, www.dspim.com
right donor for the patient and Subramanian said spending by the gov-
HOW TO PLAY Investors/unit holders are requested to update their email address and mobile number with the AMC.
overall to maintain a donor bank,” ernment was one of the segments of gross
Fill in the grid so said Dr Sandeep Dewan, director domestic product (GDP) — others being
that every row, and head of the department, criti- consumption, investments and net exports. Place: Mumbai
every column cal care medicine, Fortis Memorial Contribution of all those is important for Date: July 22, 2020
and every 3x3 Research Institute. growth, he said.
box contains Dewan said hospitals includ- Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
the digits 1 to 9 ing his were now maintaining a More on business-standard.com
16 MUMBAI | T H U R S D A Y , 23 J U L Y 2 0 2 0 1

S N O W M A N LOGISTICS LIMITED PUBLIC NOTICE MRF LIMITED

Regd. Office: Plot No.M-8, Taloja Industrial Area, MIDC, Raigad, CIN: L25111TN1960PLC004306
NOTICE is hereby given that the immovable property i.e. Flat No. 204 in Scheme Code
Navi Mumbai, Maharashtra - 410 206
No. 196-A in the Building No. 9-A, New Dindoshi, Malad (East), Mumbai - 400097, GRANULES Regd Office No. 114, Gleams Road, Chennai 600 006
Tel .044-28292777, Fax:91-44-28295087
Corporate Office: No.54, Old Madras Road, Virgonagar, Notice Is Hereby Given That The Following
standing in the name of Bhagvat Rama Garende, allotted by a Provisional Offer Letter Share certificate is reported misplaced or
Bengaluru - 560 049 | CIN: L15122MH1993PLC285633 OLYMPIC CARDS LIMITED l o s t or s t o l e n and t h a t the S h a r e h o l d e r
Website: www.snowman.in | Email: investorrelations@snowman.in
Tel: +91 80 39939500 | Fax: +91 80 39939500
dated 10.07.2009 issued by MHADAand on taking of search from the Sub Registrar Office
at Borivali and office of MHADA, for the 30 years from 1990 to 2020, wefoundsome pages
Granules India Limited Ragd.Otll«:No.195, N.S.C. Bom Rood, ChannM
i OOOOl t h e r e o f has appealed to the Company for
(CORPORATE IDENTITY NUMBER: LS59»TN1»2PLC022521) i s s u e of d u p l i c a t e s h a r e c e r t i f i c a t e .
Reg.Off: 2nd Floor, 3rd Block, My Home Hub, Madhapur, Hyderabad - 500081 (TS) E-Mall:ofncaQodwed.cofn; Wab9lt0:www.odwsd.can; S h a r e C e r t No. 1 800 39 f o r 11 s h a r e s
are torn & Nil for the period from 1990 to 2020. Phone: +91-40-30660000 Fax: +91-40-23115145 URL: www.granulesindia.com TMaphona HoJM 42821000/1017; FAX NO.M4-253MMO bearing distinctive n o s . 2 1 40679-2140689:
Therefore, we are inviting through this Public Notice, any person ISRO / MHADA having E-mail: irivestorrelations@granulesindia.com CIN: L24110TG1991PLC012471 NOTICE all inclusive under Ledger Folio N o . D 0 3 5 4 3
NOTICE in t h e name of MR. P I Y U S H R. D E S A I
any objection to sale or claiming any right, title or interest in the said Flat and said shares
by way of sale, exchange, gift, mortgage, charge, trust, possession, inheritance, lease, NOTICE OF BOOK CLOSURE & (Pursuant t o Regulation 47 of SEBI (Listing
Obligations and Disclosures Requirements)
r e s i d i n g at D / 3 4 , P a t e l Park, 144, Nehru
Road, S a n t a c r u z (E), Mumbai -400029
N o t i c e is h e r e b y g i v e n p u r s u a n t t o R e g u l a t i o n 2 9 r e a d w i t h
R e g u l a t i o n 4 7 o f t h e S e c u r i t i e s & E x c h a n g e B o a r d of India lien, attachment or otherwise howsoever is hereby required to make the same known in ANNUAL GENERAL MEETING Regulations, 2015.)
The p u b l i c are h e r e b y w a r n e d a g a i n s t
p u r c h a s i n g or d e a l i n g in any way, w i t h
nd
(Listing Obligations and Disclosure Requirements) writing with proof thereof to the undersigned having office at Das Associates, 23/A, 2 Notice is hereby given that pursuant to section 91 of the Companies Act, 2013, read NOTICE is hereby given that the meeting of the the above share certificate. Any person(s) who has/have any
Board of Directors of the Company scheduled claim in respect of the above share certificate should lodge
Regulations, 2015, that a meeting of the Board of Directors of Floor, 105, Opp. Bharat House, Mumbai Samachar Marg, Fort, Mumbai - 400023 within with regulation 42 of the Listing Regulations, the Register of Members and Share such claim in writing to the Company at the
for 30.06.2020 stands postponed to July
t h e C o m p a n y will be held o n W e d n e s d a y , J u l y 2 9 t h , 2 0 2 0 , 15 days from the date hereof otherwise the sale will be complied and claim if any will be Transfer Books of the Company will remain closed from Friday, the 07th day of
address mentioned above w i t h i n 21 days
31.07.2020 Friday at the Registered Office of the from the date of publication of this notice,
inter-alia t o c o n s i d e r a n d a p p r o v e t h e U n - A u d i t e d F i n a n c i a l considered as waived. g Company, interalia, to consider, approve & take after which no claim will be entertained and
August 2020 to Thursday, the 13th day of August 2020 (both days inclusive) for the
Results for the quarter ended June 30, 2020. on record the Audited Financial Results of the the Company will proceed with the issue of
Place: Mumbai For Das Associates, purpose of payment of final dividend tor the financial year 2019-20. Shareholders duplicate share c e r t i f i c a t e . F o r MRF LIMITED,
Company for the quarter/year ended 31st,
Date: 22.07.2020 Advocate High Court may note that the 29th Annual General Meeting (AGM) of the Company will be held Place: Chennai S.DHANVANTH KUMAR
T h e n o t i c e is a l s o a v a i l a b l e o n t h e w e b s i t e of t h e C o m p a n y March 2020 and other subjects. Date: 23-07-2020 Company Secretary
www.snowman.in and also on the websites of the stock
through Video Conferencing (VC) or Other Audio Visual Means (OAVM) on Thursday, This intimation is also available on the website of
August 13,2020 at 4.00 p.m. 1ST in compliance with General Circular Nos. 20/2020, the company at www.oclwed.com and on the
exchanges viz.www.nse-india.com and www.bseindia.com.
website of the B o m b a y Stock Exchange
17/2020,14/2020 and other applicable laws and circulars issued by the Ministry of
Ltd.(BSE Ltd.) where the shares of the Company
Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), to are listed, atwww.bseindia.com.
transact the business set forth in the Notice of the AGM.
D a t e : J u l y 23, 2 0 2 0 For S n o w m a n Logistics Limited PUBLIC NOTICE For Olympic Cards Limited.
In line with the above-said circulars of MCA and SEBI, the Notice of 29th AGM and Sd /-
Place: Bengaluru A. M . S u n d a r NOTICE is hereby given that for the immovable property (which property is already K. Rafee A h a m m e d
Annual Report for FY 2019-20 has been sent through electronic mode only to such
CFO, Company Secretary & mortgaged with Bank of Baroda, Mahavir Branch) i.e. Flat No.12 adm. 370 Sq.ft. carpet area, Company Secretary & Compliance Officer
shareholders whose email addresses are registered with Depository Participants
C o m p l i a n c e Officer 3" Floor, Building No. F-3, Sunder Milan Chs Ltd., Sunder Nagar, S.V. Road, Malad (West), Membership No.F3637/Mobile No.9840174388.
Mumbai - 400064, belonging to Mr. Shishir Vasudev Desai & Mrs. Manthana Shishir (DPs)/Registrar and Share Transfer Agent (RTA).
Place: Chennai
Desai, Original Agreement dated 07.01.1981 executed between Mrs. Mainadevi Shareholders who have not registered their email address and in consequence the Date: 22-07-2020
Mangalchand Lakhotia, as the Vendor and Mrs. Shakuntala Sureshkumar Dhanuka, as the Annual Report, Notice of e-AGM and e-voting notice could not be serviced may
Purchaser has been misplaced and even after taking diligent search not been found till today. temporarily get their email address and mobile number provided with the Company's
Therefore, we are inviting through this Public Notice, any person I SRO having any objection Registrar and Share Transfer Agent, KFin Technologies Private Limited, by clicking
to sale or claiming any right, title or interest in the said office and said shares by way of sale, the link: https://karisma.kfintech.com/emailrea for sending the same. Shareholders
exchange, gift, mortgage, charge, trust, possession, inheritance, lease, lien, attachment or
L A B O R A T O R I E S LTD. otherwise howsoever is hereby required to make the same known in writing with proof
are requested to follow the process as guided to capture the email address and
mobile numbertorsending the soft copy of the notice and e-voting instructions along
Regd. Office: UnichemBhavan, Prabhat Estate, Off. S V Road thereof to the undersigned having office at Das Associates, 23/A, 2nd Floor, 105, Opp. Bharat with the User ID and Password. In case of any queries, shareholder may write to
Jogeshwari (West), Mumbai - 400102 House, Mumbai Samachar Marg, Fort, Mumbai- 400023 within 7 days from the date hereof
einward.ris@kfintech.com

©Beans
Tel: (022) 6688 8333 Fax: (022) 2678 4391 otherwise the sale will be complied and claim if any will be considered as waived.
Website: www.unichemlabs.com Sd /- Shareholders may also requested to visit the website of the company
CIN: L99999MH1962PLC012451
NOTICE
Place: Mumbai
Date: 22.07.2020
For Das Associates,
Advocate High Court
www.aranulesindia.com or the website of the Registrar and Transfer Agent
www.kfintech.com for downloading the Annual Report and Notice of the
Hi CREATING WOW!
FOR THE ATTENTION OF SHAREHOLDERS OF UNICHEM LABORATORIES LIMITED AGM. Alternatively member may send an e-mail request at the email id
The Ministry of Corporate Affairs ("MCA") and the Securities Exchange Board of India einward.ris@kfintech.com along with scanned copy of the signed copy of the request InfoBeans Technologies Limited
("SEBI") vide various circulars have permitted listed companies to send the Notice of letter providing the email address, mobile number, self-attested PAN copy and Client CIN :L72200MP2011 PLC025622
Annual General Meeting ("AGM") and Annual Report for the year Match 31,2020 in
Master copy in case of electronic folio and copy of share certificate in case of physical Reg. Office Address: Crystal IT Park, STP-I 2nd Floor,
electronic form in view of prevailing COVID -19 pandemic and difficulties involved in dispatch
of physical copies. Sending Notice of AGM and Annual Report through e-mail shall be PUBLIC NOTICE folio tor sending the Annual report, Notice of AGM and the e-voting instructions.
Ring Road, Indore (MP) - 452 001 IN
sufficient compliance oftheprovisionsofthe Companies Act, 2013, Rules framed thereunder Please note that the physical / hard copies of the AGM documents will not be sent.
and the SEBI (Usting Obligations and Disclosure Requirements) Regulations, 2015. Notice is hereby given that my clients M/sRite Builders & Developers have
Pursuant to Section 108 of the Companies Act, 2013, read with the relevant rules NOTICE OF BOARD MEETING
We request the Members of Unichem Laboratories Limited (Company"), who have not yet acquired development rights from BIMAL CO-OPERATIVE HOUSING made thereunder and regulation 44 of the Listing Regulations, the Company is Notice Is hereby given pursuant to Regulation 47(1 )(a) of
registered their e-mail address and mobile number, to register the same in respect of SOCIETY LIMITED (Registration No. BOM/WT/HSSTTC/2752/87-88) and its pleased to provide the facility to the members to exercise their right to vote by the Securities and Exchange Board of India (Listing Obligations
shares held in electronic form with the Depository through their Depository Participants) members in respect of under mentioned property, owned by them. My clients
electronic means on all the resolutions set forth in the notice of the 29th Annual a n d Disclosure R e q u i r e m e n t s ) Regulations, 2 0 1 5 (Listing
and in respect of shares held in physical form, by writingtothe Company's Registrar and
Transfer Agent (RTA), M/s. Link Intime India Private Limited, C101,247 Park, LBS Road, have instructed me to investigate title of the property. Any person/s having any General Meeting. Regulations), that the meeting of the c o m p a n y is scheduled to be
Vikhroli West, Mumbai - 400 083, Maharashtra. The RTA can also be contacted at right or claim upon the said property byway of sale, mortgage, lease, gift deed, held on T u e s d a y , 28'" J u l y , 2 0 2 0 at 09:00 a.m. to inter alia consider
The remote e-voting period will commence from 9.00 AM on Monday, 10th August
rnt.helpdesk®linkirrtme.co.in. inheritance, court decree or in any other manner are required to make the same
2020 and will end at 5.00 PM on Wednesday, 12th August 2020. The e-voting portal and approve the Standalone and Consolidated Audited Financial
The Company has also enabled a processtorthe limited purpose of receiving the Company's known in writing along with supporting documentary evidence to the Results of the c o m p a n y for the First Quarter Ended on 3 0 " June,
shall be disabled by M/s. KFin Technologies Private Limited thereafter.
Annual Report and Notice of the AGM (including remote evoting instructions) electronically, undersigned at his office at Akanksha, 2nd Floor, Sane Guruji Nagar, Mulund
and Members may temporarily update their e-mail address by accessing the link As dividend income is taxable in the hands of shareholders effective April 01,2020, 2020 and to transact such other business, a s m a y be required.
https:Z4inkirrtme.co.in/emailreq/email reaister.htmlorontheirwebsitewww.linkintime.co.in (East), Mumbai - 4 0 0 081, within fourteen (07)days from the date hereof .failing please update your residential status, PAN & category as per Income Tax Act T h e notice m a y be accessed on the company's website
underthe Investor Services tab by choosing the e-mail registration heading andfollowthe which it will be presumed that there are no such claims and if any, the same are with your DP if you hold shares in dematerialised form, or with Company's RTA at at h t t p s : / / w w w . i n f o b e a n s . c o m / i n v e s t o r s and may also
registration process as guided therein.No action is required from a Member whose e-mail waived or abandoned and title of the said property shall be certified by me as
einward.ris@kfintech.com. if you hold shares in physical form. be a c c e s s e d on the S t o c k E x c h a n g e w e b s i t e s at
address and mobile number is already correctly updated.
clear and marketable. http://www.nseindia.com
For Unichem Laboratories Limited For Granules India Limited
Sd/- sd/- For I n f o B e a n s T e c h n o l o g i e s L i m i t e d
Date: July22,2020 Pradeep Bhandari DESCRIPTION OF THE PROPERTY Date : 22.07.2020 Chaitonya Tummala Sd /-
Place: Mumbai Head- Legal & Company Secretary Place : Hyderabad Company Secretary Place: Indore Surbhi Jain
ALL THAT piece and parcel land or ground hereditaments bearing Survey No.
137, Hissa No 4, City Survey No 855B/1,855 B/2., admeasuring approximately Date: 22.07.2020 Company Secretary & Compliance Officer
FORM G 1299.25 sq.mtrs. or thereabouts, of Village- Mulund (East), Taluka-Kurla,
INVITATION FOR EXPRESSION OF INTEREST Registration District of Mumbai Suburban, within the limits of T Ward of Greater
Under Regulation 36A (1) of the Insolvency and Bankruptcy Mumbai Municipal Corporation situated at Chafekar Bandhu Marg Road,
(Insolvency Resolution Process tor Corporate Persons) Regulations, 2016 Mulund (East) Mumbai 400 081.
RELEVANT PARTICULARS (SAMIR K.VAIDYA)
1) Name of the Corporate Debtor Beton Concrete Products Private Limited Dated 23rd July 2020 Advocate

iKC
2) Date of incorporation of corporate debtor 20 January 1984
3) Authority under which corporate
debtor is incorporated/registered
ROC Mumbai RALLIS INDIA LIMITED
4) Corporate identity number / limited U65990MH1984PTC031901 A TATA Enterprise
liability identification number of
the corporate debtor. EVEREST KANT0 CYLINDER LIMITED CIN:L36992MH1948PLC014083
5) Address of the registered office Pasayadan, 412, N-3, CIDCO, Aurangabad 431003 Regd. Office: 204, Raheja Centre, Free Press Journal Marg,
and principal office (if any) of
214, Nariman Point, Mumbai 400021
Extracts of Statement of Standalone Financial Results
corporate debtor
6) Insolvency commencement date 28 April 2020 (order made available on NCLT Tel: 022 3026 8300/01 Fax: 022 2287 0720; for the quarter ended 30 June, 2020
of the corporate debtor website 08 May 2020) Email: investors@ekc.in; Website: www.everestkanto.com
7) Date of invitation of expression 21 July 2020 CIN: L29200MH1978PLC020434 Particulars Quarter Quarter Quarter Year
of interest ended ended ended ended
8) Eligibility for resolution applicants https://www.ibbi.gov.in/
^^m NOTICE 30 June, 31 March, 30 June, 31 March,
under section 25(2)(h) of the Code
is available at:
Transfer of Equity Shares of the Company to Investor Education 2020 2020 2019 2020
and Protection Fund (IEPF) Authority Unaudited Audited Unaudited Audited
9) Norms of ineligibility applicable https://www.ibbi.gov.in/
under section 29A are available at Notice is hereby given 1hat pursuanttothe provisions of Section 124 of the Companies (recast as per
10) Last date for receipt of expression 10 August 2020 Act, 2013 (the Act) read with the Investor Education and Protection Fund Authority Note f and g)
of interest (Accounting, Audit, Transfer and Refund) Rules, 2016 (the Rules), as amended, the
Equity Shares of the Company in respect of which dividend has remained unclaimed or
1. Total income f r o m Operations 662.70 346.31 623.20 2,251.50
11) Date of issue of provisional list of
prospective resolution applicants
20 August 2020
unpaid for a period of seven consecutive years or more arerequiredtobe transferred by
2. Net Profit for the period (before Tax, Exceptional and/or Extraordinary items) 120.15 (14.21) 87.32 227.85
12) Last date for submission of 25 August 2020 the Companytothe demat account of the IEPF Authority. 3. Net Profit for the period before tax (after Exceptional and/or Extraordinary items) 120.15 (2.79) 87.32 239.27
objections to provisional list The Company has sent individual notices to the concerned shareholders at their 4. Net Profit for the period after tax (after Exceptional and/or Extraordinary items) 91.87 0.55 61.04 185.47
13) Date of issue of final list of
prospective resolution applicants
04 September 2020 registered addresses whose shares are liable to be transferred to the IEPF Authority
advising them to claim their unclaimed dividends. The Company has uploaded
5. Total Comprehensive Income for the period [Comprising Profit for t h e
14) Date of issue of infoimation 25 August 2020 details of the concerned shareholders whose shares are due for transfer to the IEPF
period (after tax) and Other Comprehensive Income (after tax)] 93.44 (1.18) 59.90 183.63
memorandum, evaluation matrix Authority on its website www.everestkanto.com. Shareholders are requested to 6. Equity Share Capital 19.45 19.45 19.45 19.45
and request for resolution plans
to prospective resolution applicants
refer to the said website to verify the details of unclaimed dividends and the shares 7. Reserves (excluding Revaluation Reserve as shown in t h e Balance Sheet of
15) Manner of obtaining request for By contacting the Resolution Professional
which are liable to be transferred to the IEPF Authority.
The concerned shareholders) holding shares in physical form and whose shares
previous financial year) - - - 1,390.55
resolution plan, evaluation matrix, on qi.anagha@kanjcs.com
are liable to be transferred to the IEPF Authority, may note that upon transfer of
8. Basic and diluted earnings per share (of X 1 / - each) 4.72 0.03 3.14 9.54
information memorandum and
further information shares to IEPF Authority, the original share certificate(s) which are registered in their
name will stand automatically cancelled and be deemed non-negotiable. In case of Extracts of Statement of Consolidated Financial Results
16) Last date for submission 24 September 2020 up to 18.00 hrs
of resolution plans shares held in Demat Form, to the extent of shares liable to be transferred shall be for the quarter ended 30 June, 2020
17) Manner of submitting resolution Physical submission in the office of debited from the shareholders account.
plans to resolution professional Resolution Professional by hand / courier / speed post In case the concerned shareholders do not claim their unclaimed dividends by July Particulars Quarter Quarter Quarter Year
25,2020, the Company shall with a view to comply with the Rules, transfer the ended ended ended ended
18) Estimated date for submission of 24 October 2020
resolution plan to the Adjudicating shares to the IEPF Authority without any further notice to the shareholders and no 30 June, 31 March, 30 June, 31 March,
Authority for approval liability shall lie against the Cnmpany in respect ol the shares so transferred. 2020 2020 2019 2020
19) Name and Registration Number Anagha Anasingaraju The shareholders may note that upon transfer of the shares to IEPF Authority, Unaudited Audited Unaudited Audited
of Resolution Professional IBBI/IPA-002/IP-N00247/2017-18/10732 including all benefits accruing on such shares, if any, the same can be claimed only (recast as per
20) Name, Address and email of Anagha Anasingaraju from the IEPF Authority by making a separate application to the IEPF Authority in
Note f and g)
the resolution professional, as 1 -2, Aishwarya Sankul, S. No. 17, G A Kulkarni Path, Form IEPF-5 as prescribed underthe Rules and the same is made available at IEPF
registered with the Board Kothrud 411038 website i.e. www.iepf.aov.in. For any queries in respect of the above matter, 1. Total income f r o m Operations 662.70 346.29 623.24 2,251.82
rp.anagha@kanjcs.com shareholders may contact M/s. Link Intime India Private Limited., the Registrar & 2. Net Profit for the period (before Tax, Exceptional and/or Extraordinary items) 120.15 (14.08) 86.94 226.07
21) Address and email to be used for
correspondence with the resolution
1 -2, Aishwarya Sankul, S. No. 17, G A Kulkarni Path,
Kothrud 411038
Transfer Agents of the Company at C-101, 247 Park, L. B. S. Marg,
Vikhroli (West), Mumbai 400 083. Tel.: (022) 49186000, Fax.: (022) 49186060,
3. Net Profit for the period before tax (after Exceptional and/or Extraordinary items) 120.15 (2.66) 86.94 237.49
professional rp.anagha@kanjcs.com
E-mail: rnt.helpdesk(5)linkintime.co in / iepf.shares@linkintime.co.in: Website:
4. Net Profit for the period after tax (after Exceptional and/or Extraordinary items) 91.87 0.68 60.21 183.69
22) Further Details are available at Anagha Anasingaraju www.linkintime.co.in. 5. Total Comprehensive Income for the period [Comprising Profit for t h e
or with 1 -2, Aishwarya Sankul, S. No. 17, G A Kulkarni Path,
For Everest Kanto Cylinder Limited period (after tax) and Other Comprehensive Income (after tax)] 93.54 (1.25) 59.52 181.81
Kothrud 411038
rp.anagha@kanjcs.com
Sd/- 6. Equity Share Capital 19.45 19.45 19.45 19.45
Place: Mumbai Puneet Khurana
23) Date of publication of Form G 23 July 2020 Date: July 22,2020 Managing Director 7. Reserves (excluding Revaluation Reserve as shown in t h e Balance Sheet of
previous financial year) - - - 1,390.69
Anagha Anasingaraju
IBBI/IPA-002/IP-N00247/2017-18/10732
8. Basic and diluted earnings per share (of X 1 / - each) 4.72 0.03 3.11 9.51
1-2, Aishwarya Sankul, S. No. 17, Notes:
DE NORA INDIA LIMITED
(fb
G A Kulkarni Path, Kothrud 411038 a. The above is an extract of the detailed format of the Standalone and Consolidated Unaudited Financial Results for the quarter ended 30 June,
(•N - L31200GA1993PLC001335)
Date: 21 July 2020 Resolution Professional Regl. Office , Plot Nos. 184, 185 1 188, 2020 filed w i t h the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Place: Pune Beton Concrete Products Private Limited Kundaim Industrial Estate, Kindaim, Gee 403115. The full format of the Standalone and Consolidated Unaudited Financial Results for the quarter ended 30 June, 2020 are available on the
Phone No.: 91-832-3981100
Website: india.denora.com Stock Exchanges websites viz. www.nseindia.com and www.bseindia.com and on the Company's website www.rallis.co.in.
Email: info.dniidenora.com b. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 22 July, 2020.

MINISTRY OF ROAD TRANSPORT & HIGHWAYS, NEW DELHI NOTICE

The statutory auditors have expressed an unqualified review opinion.

OFFICE OF THE EXECUTIVE ENGINEER

c. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS
Notice is hereby given that notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.
NATIONAL HIGHWAY DIVISION, pursuant to Regulation 47 of The business of the Company and its subsidiaries (the "Group") is seasonal in nature and the performance can be impacted by weather
DIN DAYAL NAGAR, BOOTY ROAD, RANCHI-834008 SEBI (Listing Obligations and
Disclosure Requirements)
conditions and cropping pattern.
Pho. No. 0651-2360428, E-Mail ID- eenhranchi-jhr@nic.in Regulations, 2015, a meeting
The Company and its subsidiaries has one reportable business segment viz. "Agri-Inputs".

Notice Inviting Bid of the Board of Directors of the The Hon'ble National Company Law Tribunal (NCLT), Bengaluru Bench and the NCLT, Mumbai Bench have approved the Scheme of Merger

Bid/ Package no.- NH/RANCHI /EPC/04/2020-21 Dated- 21.07.2020 Company is scheduled to be by Absorption of its wholly-owned subsidiary, Metahelix Life Sciences Limited w i t h the Company ('the Scheme') on 11 November, 2019 and
RFP for Construction of ROB at Km 116 of NH-99 (new NH-22) at Chandwa (LC No. 12A/T) in held on Wednesday, July 29, 20 December, 2019 respectively from the appointed date of 1 April, 2019.
the State of Jharkhand on EPC mode (Job No. NH-99-(New NH-22)-JHR-2020-21/287) The Ministry of 2020 at 12.15 p.m. at the The certified copy of the order is filed w i t h the Registrar of Companies on 1 February, 2020. The Company has already given effect of the
Road Transport & Highways through Chief Engineer, National Highway Wing, Jharkhand, Ranchi is engaged R e g i s t e r e d Office of the merger in its consolidated audited results of the quarter and year ended 31 March, 2020 as per the guidance set out in Ind AS Transition
in the development of National Highways and as part of this endeavour, it has been decided to undertake Company at Kundaim, Goa, Facilitation Group (ITFG) Clarification Bulletin 14 (Issue 4).
Construction of ROB at Km 116 of NH-99 (new NH-22) at Chandwa (LC No. 12A/T) in the State of interalia, to consider and take Accordingly, being a common control transaction, the results for the quarter ended 30 June, 2019 has been recast t o reflect the impact of the
Jharkhand on EPC mode (Job No. NH-99-(New NH-22)-JHR-2020-21/287) work on Km 116 at Chandwa on record the Unaudited merger on the consolidated unaudited financial results of the Company.
(LC No. 12A/T) on NH-99 (new NH-22) through an Engineering, Procurement and Construction (EPC) Financial Results of the
Contract. Company for the quarter
The NCLT, Mumbai Bench has approved the Scheme of Merger by Absorption of its wholly-owned subsidiary, Zero Waste Agro Organics

The Ministry of Road Transport & Highways represented by its CE (NH) PWD State now invites bids ended June 30,2020. Limited w i t h the Company ('Scheme') on 22 February, 2020 from the appointed date of 1 April, 2017. The certified copy of the Order is
from eligible contractors for the following project: filed with the Registrar of Companies on 9 July, 2020. The Company has given effect of the merger in its consolidated audited results for

Name of Estimated Cost of Completion Maintenance Further, the trading window of the quarter and year ended 31 March, 2020 as per the guidance set out in Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin

State NHNo. work cost (Rs.) Bid document period period the Company pursuant to SEBI 14 (Issue 4).
(Prohibition of Insider Trading)
Construction of ROB at Regulations, 2015 has been
Accordingly, being a common control transaction, the results for the quarter ended 30 June, 2019 has been recast to reflect the impact of the

Km 116 of NH-99 (new closed from 1st July, 2020 and

merger on the consolidated unaudited financial results of the Company.

NH-99 (LCNo.NH-22) at Chandwa 28,54,34,524/- Rallis Chemistry Exports Limited (a wholly owned subsidiary) had made an application to the Registrar of Companies for removal of its name
12A/T) in the (including LC & Rs. 10,000/- 24 Four) (Twenty 10 (Ten years) shall be opened forty-eight from the register of companies for which the approval is awaited.
Jharkhand (new State of Jharkhand on after hours after the aforesaid
Exceptional item (as disclosed in the column ("Quarter ended 3 1 March, 2020 and Year ended 3 1 March, 2020") comprises profit on sale of
NH-22) EPC mode (Job No. without GST) Months Completion financial results are approved
flats (net of costs).
by the Board of Directors and
NH-99-(New NH-22)- filed with the stock exchange. The figures for quarter ended 3 1 March, 2020 are the balancing figures between audited figures in respect of the full financial year and the
JHR-2020-21/287) This intimation is also available published year to date figures upto nine months ended 31 December, 2019.
The complete BID document can be viewed / downloaded from official portal of the CPPP website on the website of the Company For and o n behalf o f
https:// eprocure.gov.in/eprocure/app from 24.07.2020 to 07.09.2020 (upto 15.00 Hrs. 1ST). Bidder must submit at: india.denora.com and on Rallis India Limited
its Financial bid and Technical Bid at https:// eprocure.gov.in/eprocnre/app on or before 07.09.2020 (upto 15:00 the website of the Stock Sd/-
Hrs). Bids received online shall be opened on 08.09.2020 (atl5:30 hours 1ST). E x c h a n g e at Mumbai Sanjiv Lal
Bid through any other mode shall not be entertained. However, Bid Securing Declaration, document www.nseindia.com. 22 July, 2020 M a n a g i n g Director & CEO
fee, Power ofAttorney and Joint Bidding Agreement etc. shall be submitted physically as per clause 2.11.2 of RFP
by the Bidder on or before 08.09.2020 (at 12:30 hours 1ST), Please note that the Authority reserves the right to For DG NORA INDIA LIMITED R e g i s t e r e d O f f i c e : 2 3 r d F l o o r , L o d h a Excelus a t N e w C u f f e P a r a d e , O f f E a s t e r n F r e e w a y , W a d a l a , M u m b a i 4 0 0 0 3 7 .
accept or rej ect all or any ofthe BIDs without assigning any reason whatsoever. Executive Engineer SdZ- Tel:+91 - 022 - 6665 2700 Fax:+91 - 022 - 6665 2860 email: investor_relations@rallis.co.in
National Highway Division, Ranchi July 22,2020 Shrikant Pai
PR 231025 Road (20-21)_D Phone: 7260095011 Kondaim, Goa C o m p a n y Secretary
Website :www.rallis.co.in
Business Standard MUMBAI | T H U R S D A Y , 23 J U L Y 2 0 2 0 17
NOTICE •JI|:|IH.'|.;JMJ
SILICON VALLEY INFOTECH LIMITED NOTICE is hereby given that the below mentioned suh-broker/Authorised Person has passed a w a y and
(Pursuant to Regulation 29 read with Regulation
Regd O f f i c e : 10, Princep Street, 2nd Floor, Kolkata - 700072 hence ceases to be a Sub-Broker/Authorised Person of Kotak Securities Limited
4 7 of the SEBI (LODR) Regulations, 2015)
E:info@siliconvalleyinfo.net, W: www.siliconvalleyinfo.in
Sub Broker/ Exchange Registration
Phone : 91-33-4002 2880, Fax :91-33-2237 9053 Authorised
Trade
Numbers of Sub Brokeri
Address of Sub Broker/

CIN: L15311WB1993PLC061312 Name Authorised Person

P e r s o n Name Authorised Person
^-f^RT'3tdJfd - M W f i l l iff TORS _
EXTRACT OF STANDALONE AUDITED FINANCIAL RESULTS MAHAVIR MAHAVIR NSE-APQ291102131 Beau M o n d e C Tower Flat 1301 A p p a
FOR THE 4TH QUARTER & YEAR ENDED 31ST MARCH, 2020 (Rs. in Lacs) PRASAD PRASAD NSE-APF029105511 Saheb Marathe Marg Mumbai 400025 4HS; H g y f f ^ ^ T f r i W r t f e H I H I ^ f - f t f o l -
USHDEV INTERNATIONAL LIMITED AGRAWAL AGRAWAL BSE-AP0106730198043
SI. Partlculare Quarter ended Year E n d e d
CIN:- L40102MH1994PLC078468 Please note that above mention Sub Broker (SB)/Authorised Person (AP) is no longer associated with us.
No.
Regd. Office:- New Harileela House, 6th 31.03.2020 31.12.2019 31.032019 31.03.2020 31.03.2019

Floor, Mint Road, Fort, Mumbai 400 023 (Audited) (Unaudited) (Audited) (Audited) (Audited)
A n y person henceforth dealing with above mention S B / A P should d o s e , at their o w n risk. Kotak Securities
Ltd. shall not be liable for any such dealing. In case of any queries for die transactions till date, Investors
w m
Tele:- 91-22-61948888 1 Total Income from Operations 0.00 0.00 0.00 0.00 0.00 are requested to inform Kotak Securities Ltd. within 15 days from the date o f this notification, failing which €t-ov ^ HsShlid'id fife q^T ^ q T ^-HOOO + X.6 XR.06
2 NetPrufit/(Loss)fortheperiod it shall be deemed that there exists no queries against the above mentioned SB/AP.
Email:- cs@ushdev.com
(before Tax, Exceptional and/or In view of the above, Kotak Securities Limited shall not be responsible for any trades done b y or en behalf
Website:- www.ushdev.com Extraordinary itemsfi) (10.78) (6.27) (3.88) (37.67) (30.12) of the aforesaid sub-broker with immediate effect. No d a i m from investor/ public shall be entertained for
Pursuant to Regulation 47 read with 3 NetPrafit/(Loss)fertheperiod the transactions entered through of said sub-broker. ?) - SE/VC/HRD/OS/20-21 /T-04 % cbM-Tl^MI (www.mahadiscom.in) d T
Regulation 29 of SEBI (LODR) Regulations, before tax (after Exceptional and/or
Kotak
Extraordinary itemsff) (10.78) (6.27) (3.88) (37.67) (30.12) kotak* Securities Limited, Registered Office Address: 27 BKC, C 27, G Block, Bandra
2015 and as advised by Mr. Subodh Kumar
4 Net Profit / (Loss) for the period after kotak Securities K u d a Complex, Bandra (E) Mumbai 4 0 0 051. CIN: U99999MH1994PLC134051, Tel
Agrawal, Resolution Professional, the tax (after Exceptional and/or
r) ^WscbiJcbiOa^^T (isttcr) w . ffjw^gF.^u^o^oo/jTs^ftsE •
No.: +22 43360000, Fax N o . : + 2 2 67132430. Website: www.kotak.com. Correspondence Address: Kotak
Audited Financial Results for the quarter Extraordinary itemsfi) (10.78) (6.27) (3.88) (37.67) (30.12) Towers, 8th Floor, Building No.21, Infinity Park, Off Western Express Highway, Malad (East), Mumbai -
and year ended 31st March, 2020 which 5 Total Comprehensive Income for the 400097. Tel +91 (022) 66056495 Fax: +91 (022) 66056544. SEBI Reg No: N S E I N B / I N F / I N E 2 3 0 8 0 8 1 3 0 ,
3#PTdT qnqfaq, d^TT, ^ Tfe VOX W
were to be considered on Friday, 26th June, period [Comprising Profit / (Loss) tor
BSE INB 010808153/INF 011133230,, MSEI INE 260808130/INB 260808135/INF 260808135, A M F I
2020 via video conferencing had been the period (aftertax) and Other
A R N 0164.NSDL: IN-DP-NSDL-23-97. CDSL: IN-DP-CDSL-158-2001 (%) ^ W ^ p f e R r ) E-mail sevasai@mahadiscom.in
Comprehensive Income (after tax)] (10.78) (6.27) (3.88) (37.67) (30.12)
postponed and the new date for approval of 6 Equity Share Capital 1296.80 1296.80 1296.80 1296.80 1296.80
the Audited Financial Results for the quarter 7 Reserves (excluding Revaluation
and year ended 31st March, 2020 is Reserve) as shown in the Audited Centre for Aromatic plants (CAP)
scheduled on, Thursday, 30th July, BalanceShaetdfthepreviousyear - - (1,165.46) (1,127.79)
Industrial Estate, Selaqui - 248011, Dehradun (Uttarakhand)
TTK HEALTHCARE LIMITED
8 Earnings Per Share (of Rs. 1/- each)
2020 via video conferencing.
This information is also available on the
(for continuing and discontinued Telefax - 0135-2698305, E-mail: cap.dun@gmail.com
operations)
w e b s i t e of BSE Limited 0.00 Website www.capuk.in
t t k
1. Basic: (0.01) (0.01) (0.03) (0.02)
Regd. Office : No. 6, Cathedral Road, Chennai - 600 086
(www.bseindia.com) and on the website of 2. Diluted: (0.01) (0.01) 0.00 (0.03) (0.02)
the Company (www.ushdev.com). CIN: L24231TN1958PLC003647 | Website: www.ttkhealthcare.com
Note: e-Tender Notice No 08/LAB/2020-21
ForUshdevlntemational Limited a) The above is an extract of the detailed format of Quarterly/Annual Financial Results
filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other EXTRACT OF AUDITED FINANCIAL RESULTS FOR
For Ushdev International
Limited
Disclosure Requirements) Regulations, 2015. The full format of the Quarterly/Annual
Financial Resuits are available on the Stock Exchange website i.e.www.bseindia.com e-tenders are invited from the Authorized Indian Agents of THE FOURTH QUARTER AND YEAR ENDED 31st MARCH, 2020
Sd /- and www.cse-india.com and on the Company's website: www.siliconvalleyinfo.in. Original Equipment Manufacturers (OEM) for the supply, Is. in Lakhs)
Sayli Munj b) The impact on net profit / loss, total comprehensive income or any other relevant
financial item(s) due to change(s) in accounting policies shall be disclosed by means installation and commissioning of Fully Automatic Dhoop Stick For the Quarter ended For the Year ended
Company Secretary and Compliance of a footnote. SI.

c) # - Exceptional and/or Extraordinary items adjusted in the Statement of Profit and

Making Machine- 01 No. The terms and Conditions of tender No Particulars (31/03/2020) (31/12/2019) (31/03/2019) (31/03/2020) (31/03/2010)
Officer
Issued with approval of Mr. Subodh Kumar Loss in accordance with Ind-AS Rules /AS Rules, whichever is applicable. document along with other information can be downloaded from Audited Unaudited Audited Audited Audited

Agrawal By order of the Board e-tendering website of Uttarakhand Government 1. Total income from Operations 13,651.55 16,580.71 13,960.79 64,576.78 62,788.36
For SILICON VALLEY INFOTECH LIMITED 2. Net Profit / (Loss) lor the period
Resolution Professional Sd/- www.uktenders.gov.in from 25th July 2020 to 10th August,
Reg. No. IBBI/IPA-001/IP-P0008772017-18/10183 Santosh Kumar Jain (before Tax, Exeeptional and / or Extraordinary Items) 94.12 636.00 731.53 1,942.48 3,925.95
Place : Kolkata Managing Director 2020. The cost of tender is Rs. 1180/- including GST and 3. Net Profit / (Loss) for the period before Tax
Place: Mumbai Date: 22.07.2020 Date : 21st July, 2020 DIN NO. 00174235 Earnest Money Deposit is Rs. Rs. 13,500/- (Rupees Thirteen (after Exceptional and / or Extraordinary Items) 94.12 636.00 731.53 1,942.48 3,925.95
Thousand Five Hundred only). Exemption for cost of tender and 4. Net Profit / (Loss) for the period after Tax
EMD, if any shall be considered only on production of valid (after Exceptional and / or Extraordinary Items) 42.18 447.76 495.46 1,231.94 2,437.37

Milind Co-Op. Housing Society Ltd. proof of Exemption Certificate from the concerned authority.
The tender can only be applied through e-tendering procedure
5. Total comprehensive Income for the period [Comprising Profit / (Loss)

for the period (after Tax) and Other Comprehensive Income (after Tax)] (293.38) 361.68 560.39 608.04 2,697.29
S u r v e y No.11, H i s s a No. 2 / 2 , C T S No. 6 8 9 , V i l l a g e B h a n d u p , M u m b a i - 4 0 0 0 4 2 .
on the website www.uktenders.gov.in. The last date of applying 6. Equity Share Capital (Face Value of Rs.10/- per share) 1,413.03 1,413.03 1,413.03 1,413.03 1,413.03

7. Other Equity as per Balance Sheet of previous accounting year

DEEMED CONVEYANCE PUBLIC NOTICE and submission is 10th August, 2020. _ _
(excluding Revaluation Reserve) 23,044.83 23,288.53
Notice is hereby given that the above Society has applied to this office under Director 8. Earnings per share (of Rs.10/- each)
Section 11 of Maharashtra Ownership Flats (Regulation of the promotion of construction
(for continuing and discontinued operations)
sale, management & Transfer) Act, 1963 for declaration of Deemed Conveyance of
the following property. Centre for Aromatic plants (CAP) (a) Basic (in Rs.) 0.30 3.17 3.51 8.72 17.25

(b) Diluted (in Rs.) 0.30 3.17 3.51 8.72 17.25

In the current situation of Covid - 19 P a n d e m i c , to avoid spread of virus Industrial Estate, Selaqui -248011, Dehradun (Uttarakhand) Notes:
we have resumed our w o r k with social distancing in this office. Hence instead of
Telefax - 0135-2698305, E-mail: cap.dun@gmail.com (1) The above is an extract of the detailed Statement of Audited Financial Resuits for the Fourth Quarter and Year ended 3 1 " March, 2020, filed with the Stock
physical appearance of the parties before m e , the applicant and Respondents are
required to file their submissions by e-mail and post. Respondents i.e.1) M/S. Sai Website www.capuk.in Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(2) The full financial results for the Fourth Quarter and Year ended 31s1 March, 2020 are available on the website of BSE Limited (www.bseindia.com), National
Construction Company, Proprietor Mr. Parag Dwarkanath Acharekar, Office at Mulund Stock Exchange of India Limited (www.nseindia.com) and also on the website of the Company (www.ttkheatthcare.com).
(E), Mumbai-400 080 & 2) M/S Aren Construction Company, Partner-Mr. N. G. Pashte e-Tender Notice No 09/LAB/2020-21 (3) These fi nancial resu Its have bee n reviewed by the Aud it Comm ittee and approved by the Board of • i rectors of the Company at thei r respective M eeti ngs held on
& Mr. R. K. Unnithan, Office at Nildeep Building, Bhandup Village East, B h a n d u p , 22nd July, 2020 through Video Conferencing (VC) I Other Audio Visual Means (OAVM). The Statutory Auditors have audited the above results and have issued
an unmodified opinion.
Mumbai- 400 042 and any other person's w h o s e interests have been vested in the
Property, may submit their pleadings/reply/written statement/rejoinder by e-mail on e-tenders are invited from the Authorized Indian Agents of (4) The Company has considered the possible impact that may arise from CoVID-19, a global pandemic, on the carrying amount o f its assets including Property,
Plant and Equipment Inventory and Receivables. In developing the assumptions relating to the impact of possible future uncertainties in globaleconomic
ddr2coopmumbai@gmail.com of this office and by Post and the Respondents also Original Equipment Manufacturers (OEM) for the supply, conditions because of this pandemic, the Company as at the date of approval of these financial results has used internal and external sources of information
including economic forecasts. The Company based on current estimates expects that the canying amount of the above assets will be recovered, net o f
have to send the copy of the same to the Applicant Society by e-mail on info@nishikant. installation and commissioning of Fully Automatic Dhoop Cone provisions established. The Company has also assessed the impact of this whole situation on its Capital and Financial Resources, Profitability, Liquidity
com, erram1950@gmail.com and by Post on or before 27/07/2020, 11.30 am. Failure Making Machine- 01 No. The terms and Conditions of tender Position, Internal Financial Controls, etc. and is ofthe view that based on its present assessment, this situation does not materially impact these financial results.
The impact assessment does not indicate any adverse impact on the ability of the Company to continue as a going concern. However, the impact assessment o f
to submit any pleadings/reply/written statement/rejoinder shall be presumed that
nobody has any objection in this regard and will be processed accordingly.
document along with other information can be downloaded from CoVID-19 is a continuing process, given the uncertainties associated with its nature and duration. The Company will continue to monitor any material changes
to future economic conditions.

DESCRIPTION OF THE P R O P E R T Y -
e-tendering website of Uttarakhand Government (5) The figures for the Quarter ended 31 " M a r c h , 2020 and 31" March, 2019 are the balancing figures between the Audited Figures in respet ict of the full financial
Survey No.11, Hissa No.2/2, CTS No.689, Village Bhandup, Mumbai-42. www.uktenders.gov.in from 25th July 2020 to 10th August, teview.
years and the published year to date figures upto the end of Third Quarter of the relevant financial year which were subjectedlo Limited Revi

Survey No. Hissa No. Plot No. C.T.S. No. Total Area
2020. The cost of tender is Rs. 1180/- including GST and (6) The Company has elected to exercise the option permitted under Section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws
" 1
nt) Ordinance, 2019. Accordingly, the Company has recognised Provision for Income Tax for the Quarter and Year ended 31" March, 2020 and

11 2/2 -- 689 517.30 sq. Mtrs.

Earnest Money Deposit is Rs. Rs. 13,500/- (Rupees Thirteen remeasured Deferred Tax Assets at the lower tax rate prescribed in the said Section. The impact of this change has been recognised in the Profit and Loss
Statement ofthe Fourth Quarter and Year ended 31" March, 2020.
Thousand Five Hundred only). Exemption for cost of tender and (7) The Company has implemented IndAS 116 "Leases" with effect from 1" April, 2019, using Modified Retrospective Method and electing to account for leases
Ref.No.MUM/DDR(2 )/Notice/1329/2020 Sd/- EMD, if any shall be considered only on production of valid ending within 12 m o n i r s as Short Term Leases. Effect ofthe same is not material except in relation to leases that had been earlier classified as finance leases
applying Ind AS 17, where a sum of Rs.1,093.62 lakhs has been reclassified as Right of use Asset and Rs.45.12 lakhs has been reclassified as "Lease
Place : Konkan Bhavan, Room No. 201, (Dr. P r a s h a n t S o n a w a n e )
proof of Exemption Certificate from the concerned authority. Liabilities - Current" and Rs. 125,71 lakhs has been reclassified as "Lease Liabilities - Non-Current" as at 31 st March, 2020.
C.B.D. Belapur, Navi Mumbai-400614 Competent Authority &
The tender can only be applied through e-tendering procedure (8) The Board has recommended a Dividend of Rs.3.00 per Equity Share of Rs.10/- each (30%) for the financial yearended 31" March, 2020.
Date : 21/07/2020

@ D i s t r i c t Dy. R e g i s t r a r ,
C o . o p . S o c i e t i e s (2)
East S u b u r b a n , Navi M u m b a i .
on the website www.uktenders.gov.in. The last date of applying
and submission is 10th August, 2020.
Director
(9) The previous period's/year's figures have been regrouped and reclassfied, wherever necessary to conform to the current period's/year's presentation.

Place : Chennai
For TTK HEALTHCARE LIMITED
TTRAGHUNATHAN
Date : July 22,2020 EXECUTIVE VICE CHAIRMAN

PUBLIC NOTICE

CRISIL LIMITED
N O T I C E is h e r e b y g i v e n t o t h e p u b l i c
SKY INDUSTRIES LIMITED
a t l a r g e t h a t m y c l i e n t n a m e d 1. Mr. CIN: L17120MH1989PLC052645
Bhushan Jalinder C h a w a n 2) Geeta
B h u s h a n C h a w a n h a v e p u r c h a s e d t h e flat
f r o m Mrs. U s h a G h a n s h y a m D i g h e vide
a n A g r e e m e n t w h i c h is R e g i s t e r e d in t h e
Regd. Office: C-58TTCInd Area, Thane Belapur Road, Pawane, Navi Mumbai 400705.
Corporate Office : 1101 .Universal Ma|estlc, Ghatkopar Mankhurd Link Road,
Chembur (West) Mumbai 400043. E-mall: corporate8skycorp.ln Regd. Office: CRISIL House, Central Avenue,
CRISIL
Website: www.skycorp.ln • Tel: 91 22 67137900 Hiranandani Business Park, Powai, Mumbai - 400 076. CIN: L67120MH1987PLC042363 An S & P Global Company
office of the S u b - R e g i s t r a r T h a n e city v i d e
Tel.: 022-33423000; Fax: 022-33423001; Website: www.crisil.com; E-mail: investors@crisil.com
d o c u m e n t no. T N A -1 - 1 7 5 0 / 2 0 2 0 dated INFORMATION REGARDING 31st ANNUAL GENERAL MEETING TO BE HELD
11/03/2020. Property details are Flat no.
0 1 , G r d Flr, A s m i t a C H S L , T h a n e W e s t
Village C h e n d a n i Taluka & District T h a n e
THROUGH VIDEO CONFERENCING/ OTHER AUDIO VISUAL MEANS
In view of the current COVID-19 pandemic, the Ministry of Corporate Affairs (MCA)
EXTRACT OF FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED JUNE 30,2020
a d m e a s u r i n g a b o u t 5 1 6 S q . ft . C a r p e t and the Securities Exchange Board of India (SEBI) vide their circulars have permitted (? in Crore
a r e a lying, being a n d situated at C h e n d a n i the Listed Companies to conduct the Annual General Meeting (AGM) through Video
K o l i w a d a , constructed on the land bearing Consolidated Standalone
Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of
C T S No 1964/4, Plot N o 14. T h e said
the Members at a common venue. In compliance of these circulars and relevant 3 Months 3 Months Corres- 6 Months Corres- Year 3 Months 3 Months Corres- 6 Months Corres- Year
property was in t h e name of Mr.
G h a n s h y a m Dighe, he w a s m e m b e r of provisions of the Companies Act, 2013 and SEBI (Listing Obligation & Disclosure ended ended ponding ended ponding ended ended ended ponding ended ponding ended
Asmita CHSL bearing Society Reg. No. Requirements) Regulations, 2015, the 31" AGM of Sky Industries Limited (the 3 Months 6 Months 3 Months 6 Months
TNA/TNA/HSG/(TC)/127-90-91 dated Company) will be held at 2.00 pm 1ST on Friday, August 28,2020 through VC / OAVM. ended ended ended ended
21-03-1991 which w a s acquired thru SI.
In accordance with the MCA & SEBI circulars, the Notice of the 31" AGM along with Particulars
allotment bearing S h a r e Certificate No. No. 30-Jun-20 31-Mar-20 30-Jun-19 30-Jun-20 30-Jun-19 31-Dec-19 30-Jun-20 31-Mar-20 30-Jun-19 30-Jun-20 30-Jun-19 31-Dec-19
from 56-60. Mr. G h a n s h y a m Dighe
Annual Report will be sent only by electronic mode to those shareholders whose email
expired on 10-04-1999 leaving behind him addresses are registered with the Company/ Depository. These documents will also Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1) Mrs. U s h a G h a n s h y a m D i g h e ( W i f e ) 2) be available on the website of the Company at http://skycorp.in/investor-relations/ and (Refer (Refer (Refer (Refer (Refer (Refer (Refer (Refer (Refer (Refer
Mr. Rajiv G h a n s h y a m D i g h e (Son) 3) Ms. on the website of the Stock Exchange i.e. BSE Limited at www.bseindia.com and on note 3) note 3) note 3) note 3) note 3) note 3) note 3) note 3) note 3) note 3)
Sonali Ghanshyam Dighe (married
the website of NSDL at https://www.evoting.nsdl.com 1 Total income from operations 471.83 427.77 415.76 899.60 831.55 1,731.72 214.19 210.87 207.74 425.06 420.37 839.01
Daughter) after marriage name Mrs.
S o n a l i S h a i l e s h V a i d y a a s his o n l y legal
Manner of Registering and/ or Updating E-mail Addresses:
2 Net Profit/(Loss) for the
heirs. O n 23rd April 1999 Mr. Rajiv - With a view to send Notice and Annual Report of the ensuing AGM, and dividend / p e r i o d ( b e f o r e Tax a n d / o r
Ghanshyam Dighe and Ms. Sonali other communications for the year ended March 31, 2020, in electronic form,
Ghanshyam Dighe have submitted an Exceptional items) 93.32 116.77 99.21 210.09 211.51 491.59 42.97 57.35 31.02 100.32 71.34 197.18
shareholders of Sky Industries Limited holding shares in dematerialized form, who
N o c to the Society thru an affidavit that
have not yet registered their E-mail ID or updated their bank account details, are 3 Net Profit/(Loss) for the
t h e y a r e n o t i n t e r e s t e d f o r a n y s h a r e in
ancestral property and 1 0 0 % ownership requested to register/ update the same with the Depository through their Depository period (before tax) 93.32 116.77 99.21 210.09 211.51 491.59 42.97 57.35 31.02 100.32 71.34 197.18
s h o u l d b e l o n g t o t h e r e M o t h e r ie. M r s . Participants. 4A Net Profit/(Loss) for the
Usha Ghanshyam Dighe. Share
- Shareholders holding shares in physical form, can register their E-mail ID and /or period a f t e r t a x f r o m
Certificate of Flat N o 01 bearing its
update their bank account details by clicking on the link- https://linkintime.co.in/ continuing operations
M e m b e r R e g i s t r a t i o n N o 1 2 a r e in t h e
emailreq/email reqister.html provided by Link Intime India Private Limited, Registrar
n a m e of Mrs. Usha G h a n s h y a m Dighe. (after E x c e p t i o n a l a n d / o r
& Share Transfer Agent of the Company, C-101, 247 Park, L B S Marg, Vikhroli
If a n y o n e f i n d s t h e d o c u m e n t o r a n y Extraordinary items) 66.34 88.12 66.85 154.46 143.49 343.95 31.58 44.70 21.56 76.28 49.29 135.51
(West), Mumbai - 400 083.
p e r s o n ( s ) h a v i n g a n y c l a i m in r e s p e c t o f
Manner of Voting at the AGM: 4B Net Profit/(Loss) for the
the a b o v e referred property or part thereof
by w a y of sale, exchange, mortgage, period a f t e r t a x f r o m
Shareholders will have an opportunity to cast their vote remotely or during the AGM on
c h a r g e , gift, m a i n t e n a n c e , inheritance, discontinuing operations -
the business as set forth in the Notice of the AGM through the electronic voting system.
possession, lease, tenancy, sub tenancy,
The manner of voting remotely or during the AGM for shareholders holding shares in p e r t a i n s to o p e r a t i o n s to
lien, license, h y p o t h e c a t i o n , t r a n s f e r o f
title or beneficial interest u n d e r a n y trust, dematerialized mode, physical mode and for shareholders who have not registered be t r a n s f e r r e d to w h o l l y
a n y gift d e e d , will, m o r t g a g e , or a n y t y p e their email addresses will be provided in the Notice convening the AGM. o w n e d s u b s i d i a r y of C R I S I L
o f c l a i m in r e s p e c t o f a b o v e s a i d p r o p e r t y Payment of Dividend & Book Closure: Limited (after Exceptional
f o r c l a i m i n g t h e title o f t h e property, p l e a s e
a n d / o r E x t r a o r d i n a r y items) 37.73 36.37 24.80 74.10 48.17 130.78
file o b j e c t i o n w i t h i n 1 5 d a y s f r o m t h e d a t e - Shareholders may note that Board of Directors of the Company at their Meeting
of publication of this notice. For filing of held on July 8, 2020, had considered, approved and recommended payment of 4 Net Profit/(Loss) for the
o b j e c t i o n in w r i t i n g , a d d r e s s i s a s b e l o w . final dividend of Rs. 0.50/- per equity share of face value of Rs. 10/- each for the period a f t e r t a x f r o m
( A d v . A d i t y a H. G a d e )
year ended March 31,2020, subject to the approval of shareholders at 31" AGM. continuing a n d discontinuing
High Court, Mumbai - The Register of Members & Share Transfer books of the Company shall remain operations {(after Exceptional
A.G. Associates, closed from Saturday, August 22,2020 to Friday, August 28,2020 (both days inclusive) a n d / o r E x t r a o r d i n a r y items)
401, Gajanan C o m m e r c i a l Complex for the purpose of 31" AGM and for determining the names of shareholders entitled [4A + 4B]} 66.34 88.12 66.85 154.46 143.49 343.95 69.31 81.07 46.36 150.38 97.46 266.29
A b o v e Global Business Centre,
toreceivefinal dividend of Rs. 0.50/- per equity share of face value of Rs. 10/-
Near Cidco Bus Stop, Thane West - 4 0 0 601 5 Total C o m p r e h e n s i v e Income
- The final dividend will be paid electronically within 30 days of 31" AGM through
for the period [Comprising
various online modes of transfer to those shareholders who have updated their
bank account details. Profit/(Loss) for the period
(after tax) a n d O t h e r
- For Shareholders who have not updated their bank account details, dividend
Comprehensive
warrants / demand drafts will be senttothe registered addresses once the normalcy
is resumed and printing / postal facilities are available. I n c o m e (after tax)] 98.24 (4.97) 46.34 93.27 135.30 256.20 102.78 (18.18) 36.21 84.60 95.16 170.35
PUBLIC NOTICE - As shareholders may be aware, as per Income Tax Act, 1961, as amended by 6 Equity Share Capital 7.25 7.25 7.23 7.25 7.23 7.23 7.25 7.25 7.23 7.25 7.23 7.23
We, M/s. Platinum Blue Estates LLP Finance Act, 2020, dividend paid by the Company after April 1, 2020, shall be 7 Reserves (excluding
taxable in the hands of Shareholders and the Company shall be required to deduct revaluation reserve) 1,164.69 751.52
having our office at Ground Floor,
tax at source (TDS) from the dividend to be paid to the shareholders, if approved in
Maysa, H.K. Bhabha Road, Bandra the 31" AGM at the prescribed rate depending on residential status & documents 8 E a r n i n g s Per S h a r e
(West) Mumbai 400050,and M/s. Cliff submitted by the Shareholders. (of X 1/- each)
Conwell LLP, are partners of M/s. - Shareholders can download tax related forms 15G/15H/10F from https:// (for c o n t i n u i n g a n d
WATERFRONT BUILDCON LLP having www.linkintime.co.in/client-downloads.html. discontinuing operations)
its office at 7th Floor, Sun Plaza, Hari Om - To determine and deduct appropriate TDS / Withholding Tax, duly completed and 1. Basic: (Not a n n u a l i s e d ) 9.15 12.17 9.25 21.32 19.88 47.61 9.56 11.20 6.42 20.76 13.50 36.86
Nagar, Off Eastern Express Highway, signed forms are required to be uploaded at https://linkintime.co.in/formsreq/ 2. Diluted: ( N o t a n n u a l i s e d ) 9.15 12.16 9.24 21.31 19.85 47.55 9.56 11.19 6.41 20.75 13.48 36.81
Mulund (East) Mumbai 400081, as per submission-of-form-15q-15h.html.
Partnership Agreement dated 31st Detailed information regarding submission of documents for TDS will be provided in
March 2016, and, as on date,we the notice to the AGM. 1. T h e a b o v e results h a v e b e e n reviewed b y the Audit C o m m i t t e e a n d s u b s e q u e n t l y a p p r o v e d by the B o a r d of Directors of the C o m p a n y at its m e e t i n g held
continue to remain partners in the LLP Manner of Registering and/ or Updating Bank Details: on July 21, 2020.
firm in ratio of M/s. Cliff Conwell LLP 55% - Shareholders holding shares in dematerialized mode are requested to register 2 . T h e f i n a n c i a l results h a v e b e e n p r e p a r e d in a c c o r d a n c e w i t h t h e a p p l i c a b l e a c c o u n t i n g s t a n d a r d s , a s notified u n d e r t h e C o m p a n i e s (Indian A c c o u n t i n g
& M/s. Platinum Blue Estates 45%. At no complete bank account details with their Depository Participants (DP), as per S t a n d a r d s ) Rules, 2 0 1 5 a n d a s s p e c i f i e d in S e c t i o n 133 of t h e C o m p a n i e s Act.
stage has M/s. Platinum Blue Estates process advised by your DP. 3 . In c o m p l i a n c e w i t h R e g u l a t i o n 3 3 of t h e S e c u r i t i e s a n d E x c h a n g e B o a r d of India (Listing O b l i g a t i o n s a n d D i s c l o s u r e R e q u i r e m e n t s ) R e g u l a t i o n s , 2 0 1 5 ,
LLP, retired from the partnership of M/s. - Shareholders holding shares in physical mode & who have not registered their a limited r e v i e w of t h e a b o v e results h a s b e e n c a r r i e d out b y t h e Statutory A u d i t o r s of the C o m p a n y .
Waterfront Buildcon LLP or relinquished bank details can get the same registered with Link Intime India Pvt Ltd, by clicking 4 . S e c u r i t i e s a n d E x c h a n g e B o a r d of I n d i a ( S E B I ) n o t i f i c a t i o n s d a t e d M a y 3 0 , 2 0 1 8 a n d S e p t e m b e r 19, 2 0 1 8 , u n d e r t h e S E B I (Credit R a t i n g A g e n c i e s )
the link - https://linkintime.co.in/emailreg/email reqister.html in their web site
any rights. The public are accordingly Regulations, 1999, h a v e m a n d a t e d segregation of Ratings a n d N o n - R a t i n g s b u s i n e s s e s of Credit Rating A g e n c i e s . Pursuant to, a n d in order to c o m p l y with
www.linkintime.co.in at the Investor Services tab by choosing the E mail/Bank
hereby cautioned that any agreements, t h e s e notifications, C R I S I L ' s B o a r d of Directors a p p r o v e d t r a n s f e r of t h e R a t i n g s b u s i n e s s to C R I S I L R a t i n g s Limited, ( i n c o r p o r a t e d o n J u n e 3, 2 0 1 9 ) , a
Registration heading and follow the registration process as guided therein. The
allotment letters, mortgage, transfer of Shareholders are requested to provide details such as Name, Folio Number, w h o l l y o w n e d s u b s i d i a r y of C R I S I L Limited. T h i s transfer h a s b e e n u n d e r t a k e n t h r o u g h a ' S c h e m e of a r r a n g e m e n t in t e r m s of S e c t i o n 2 3 0 to 2 3 2 of the
any premises, approval of plans or any Certificate number, PAN, E-mail id along with the copy of the cheque leaf with the C o m p a n i e s Act, 2 0 1 3 ' ( ' S c h e m e ' ) w h i c h h a s b e e n a p p r o v e d by t h e S t o c k E x c h a n g e s . T h e S c h e m e h a s b e e n s a n c t i o n e d by t h e N a t i o n a l C o m p a n y L a w
documents signed by other partners or first named shareholders name imprinted in the face of the cheque leaf containing Tribunal (NCLT) a n d t h e certified c o p y of t h e O r d e r d a t e d J u n e 8, 2 0 2 0 h a s b e e n received o n J u l y 7, 2 0 2 0 . T h i s S c h e m e w o u l d be effective o n filing of
authorised signatory of M/s. Waterfront bank name and branch, type of account, bank account number, MICR details and a b o v e o r d e r w i t h t h e R e g i s t r a r of C o m p a n i e s ( ' R O C ' ) , receipt of a p p r o v a l f r o m S E B I f o r C R I S I L R a t i n g s L i m i t e d to a c t a s a C r e d i t R a t i n g A g e n c y a n d
IFSC code in PDF or JPEG format. It is very important that the shareholder to n e c e s s a r y a p p r o v a l f r o m t h e R e s e r v e B a n k of India ('RBI). P e n d i n g s u c h filing a n d a p p r o v a l s , p u r s u a n t to t h e r e q u i r e m e n t s of Ind A S 105 ' N o n - c u r r e n t
Buildcon LLP and have not been signed
submit the request letter duly signed. A s s e t s Held f o r S a l e a n d D i s c o n t i n u e d O p e r a t i o n s ' , particulars of d i s c o n t i n u i n g o p e r a t i o n s , c o n s i d e r e d in the s t a n d a l o n e financial results. S i n c e C R I S I L
by partners of M/s. Platinum Blue
On submission of the shareholders details an OTP will be received by the R a t i n g s Limited, is a w h o l l y o w n e d s u b s i d i a r y of t h e C o m p a n y , t h e r e is no i m p a c t of t h e S c h e m e o n the c o n s o l i d a t e d financial results.
Estates LLP or do not bear our signature
shareholder which needs to be entered in the link for verification.
do not bind on the firm or its partners and 5 T h e a b o v e is a n e x t r a c t of t h e d e t a i l e d f o r m a t of q u a r t e r e n d e d Financial R e s u l t s filed w i t h the S t o c k E x c h a n g e s . T h e full f o r m a t of t h e q u a r t e r e n d e d
This Notice is being issued for the information and benefit of the Members of the
will be treated as invalid documents. Financial R e s u l t s a r e a v a i l a b l e o n w w w . c r i s i l . c o m a n d a l s o o n t h e w e b s i t e s of B S E L i m i t e d ( w w w . b s e i n d i a . c o m ) a n d N a t i o n a l S t o c k E x c h a n g e of I n d i a
Company in compliance with the MCA and the SEBI Circular(s).
Suhail Noorani Limited (www.nseindia.com).
Partner For SKY INDUSTRIES LIMITED For a n d o n behalf of the Board of Directors of CRISIL Limited
M/s. Platinum Blue Estates LLP Ashu Suyash
Place: Mumbai SHAILESH SHAH
M/s. Waterfront Buildcon LLP Managing Director and Chief Executive Officer
Date: July 23, 2020 MANAGING DIRECTOR
Mumbai, July 21, 2020 DIN : 00494515

•• •• •• •• •• •• •• ••
18
>
MUMBAI | THURSDAY, 23 JULY 2020 1

Mukesh Ambani now fifth richest, just after Zuckerberg

GLOBAL RICH LIST THE ~13-TRILLION-STORY SCALING NEW RIL m-cap tops ~13 trillion with partly paid shares the outperformance may sus-
tain,” a Nomura report said.
Networth ($ billion) Reliance Industries HIGHS BS REPORTERS
Mumbai, 22 July
The Indian billionaire is now
ahead of Elon Musk, Larry
Jio Platforms, a stake sale in the
fuel business, and a rights issue
At its recent annual general
meeting, Ambani said the com-
Reliance Industries
Milestone Date* Days** M-cap Ellison, and Warren Buffett. in total add up to ~2.1 trillion ($28 pany’s capital raise target is com-
(m-cap) (~ trn)# Mukesh Ambani inched to the In US dollar terms, Forbes billionn), all to make RIL net- plete, and it would now look to
1 Aug 2, ‘05 — 1.0 fifth position in the Forbes’ glob- estimated Ambani’s wealth at debt free. add only strategic partners.
al rich list on Wednesday as $75.1 billion. Fully paid shares of Analysts said RIL’s future While the proposed transac-
2 Apr 16,’07 423 2.0
1 JEFF BEZOS 2 BILL GATES 3 Sep 19, ‘07 109 3.0
Reliance Industries’ market cap- RIL ended at ~2,004 a share, up looks positive as its large capex tion to sell 20 per cent stake in
184.8 113.1 4 Oct 29, ‘07 27 4.1
italisation (m-cap), including the
partly paid shares, topped the
1.64 per cent, while partly paid
shares ended at ~1,107 on
cycle draws to a close — earnings
increased for the energy business
oil to chemicals (O2C) to Saudi
Aramco is delayed, Ambani said
BERNARD
3 ARNAULT &
5 Jul 1, ‘17 2,405 5.0 ~13-trillion mark.
Ambani, who owns half of
Wednesday. The market value of
fully paid shares stands at ~12.7
initially, followed by sharp
increases for Jio/Retail.
RIL is committed to a partnership
with the Saudi company. To facil-
FAMILY 112.6
6 Nov 1,’17 73 6.0
RIL’s equity, managed to become trillion and that of partly paid “RIL is now outperforming the itate this, it is planning to spin
7 Jul 20, ‘18 180 7.2 the fifth richest in the world after shares is ~46,765, giving it a total benchmark Nifty for the sixth off the O2C business into a sepa-
4 5 8 Aug 23, ‘18 22 8.0 raising funds from a slew of mar- m-cap of ~13.17 trillion. RIL year. From the lows in March, RIL rate subsidiary.
9 Oct 24, ‘19 284 9.1 quee investors in the Jio wireless crossed the ~12-trillion m-cap is up 110 per cent (versus Nifty’s Ambani has said he would
10 Nov 28, ‘19 24 10.0 telephony business. mark this month itself. rise of 41 per cent). From end- also look to induct global
In the Forbes’ real-time bil- In the past few months, RIL 2014, when this cycle began, RIL investors in the retail business in
MARK MUKESH 11 Jun 18, ‘20 137 11.1 Note: *Day first time the milestone was
lionaires’ list, Jeff Bezos tops the has surprised the Street with its is up 4.1 times (versus the Nifty’s the next few quarters, and will
hit; **Number of trading sessions;
ZUCKERBERG AMBANI 12 Jul 3, ‘20 9 12.1 #Includes partly paid shares which league table, followed by Bill monetisation efforts in spite of a rise of 30 per cent). While the run invite more investments before
listed on June 15
88.5 75.1 13 Jul 22, ‘20 12 13.2 Source: Capitaline Gates, Bernard Arnault family, nationwide lockdown. Fourteen has been very strong, and valua- eventually listing Retail and Jio
Mark Zuckerberg, and Ambani. deals to sell 33 per cent stake in tions are getting rich, we believe through share sale.

Gehlot vs Pilot reaches SC

N AROUND THE WORLD N

US orders China to shut

ADITI PHADNIS
New Delhi, 22 July
HOW THE NUMBERS
STACK UP IN ASSEMBLY CP Joshi: The irascible Houston consulate in
T
he Supreme Court (SC) will
hear on Thursday a plea by
Rajasthan Speaker C P Joshi
200TOTAL SEATS
IN THE ASSEMBLY
Speaker of Rajasthan 3 days over espionage
against the high court order, restraining MLAs SUPPORTING ASHOK GEHLOT
him from any action against
19 Members of the Legislative
Prior to defection responsibilities of nearly a dozen The United States has told China to close its
Assembly (MLAs), including Sachin TOTAL states, small and big, in the consulate in Houston in a dramatic
Pilot, who decided not to attend a meet- CPI M 124 Northeast as well as Bihar, West worsening of ties between the world’s two
ing of the Congress Legislature 2 Bengal, and the Andaman Islands. biggest economies, and a source said Beijing
Party and rebelled against Chief Congress Either his new assignment did was considering shutting the US consulate in
Minister Ashok Gehlot. 107 not interest him, or he felt he had Wuhan in retaliation.
The central issue is: Can a Speaker Independents 12 bigger fish to fry. Either way, it was Washington “abruptly demanded”
have jurisdiction over the actions of Bharatiya Tribal Party 2 on his watch that Himanta Biswa closure of the Houston consulate on Tuesday,
MLAs outside the Legislative Rashtriya Lok Dal 1 Sarma left the Congress to join the China’s foreign ministry said, calling the
Assembly and when the Assembly is BJP, ostensibly because Rahul move an “unprecedented escalation.” The
not in session? After defection Gandhi didn’t give him the editor of an official Chinese media outlet said
Joshi said he had decided to go to TOTAL importance he felt he deserved. China had been given 72 hours to do so.
the SC to avert a “constitutional crisis” Others 103 Many feel that the general secretary The State Department confirmed the
and a confrontation with the judiciary 10 in-charge, Joshi, could have stepped decision and said the move was made “to
on his powers. Pilot and his MLAs have Congress in to stem the damage. protect American intellectual property and Washington “abruptly demanded”
also filed a petition asking to be heard 88 In Bihar, Ashok Choudhary, who Americans’ private information.” closure of the Houston consulate,
before the court takes a decision on the Bharatiya Tribal Party 2 was made party chief, quit, not just Beijing condemned the order and China’s foreign ministry said, calling
Speaker’s request. “The Speaker has Rashtriya Lok Dal 1 his position but the party itself, threatened retaliation, but did not say what the move an “unprecedented
the right to disqualify MLAs. No one when he joined the Janata Dal measures it might take. escalation”. Beijing condemned the
CPI(M) 2
can interfere in the Speaker’s deci- (United). This, too, was under Speaking on a visit to Denmark, US order and threatened retaliation, but
sion,” said Joshi at a press conference MLAs SUPPORTING BJP Joshi’s watch. Secretary of State Mike Pompeo offered no did not say what measures it may take
in Jaipur before filing the plaint, Others, too, had a litany of specifics, but repeated accusations about
adding that whatever judgment the Before Pilot’s walkout grievances. Speaking to local Chinese theft of US and European intellectual
court has given, “I have respected till TOTAL newspapers, Nagaland Congress property, which he said were costing Ties between the United States and
now. However, does this respect and 76 chief Kewe Khape Therie, said just “hundreds of thousands of jobs.” “President China have worsened sharply this year over
acceptance mean one authority over- before the Congress lost the March Trump has said enough — we are not going to a range of issues, from the coronavirus and
laps the role of the other?” BJP 2018 elections, that the party was allow this to continue to happen,” he told a telecoms gear maker Huawei to China’s
He will be represented in SC by 72 going to lose and Joshi was news conference. “We are setting out clear territorial claims in the South China Sea
Kapil Sibal, a Congress Member of Rashtriya Lok Dal 3 responsible for the loss: He even expectations for how the Chinese and its imposition of a new security law on
Parliament and senior SC advocate. Independent 1 prevented Congress president Rahul Communist Party is going to behave. And the former British colony of Hong Kong.
The nub of the problem is Joshi’s Gandhi from visiting Nagaland. when they don’t, we are going to take action to The deterioration comes in the run-up to
announcement that 18 MLAs, led by After Pilot’s walkout Therie said that in the two and a protect the American people, protect our the November US presidential election, in
former Rajasthan deputy chief minister TOTAL half years that Joshi was in charge, he national security and also protect our which President Donald Trump and his
Pilot, stood up in revolt against Gehlot. 95 ADITI PHADNIS visited the state only once. economy and jobs. That’s the actions that Democratic rival, Joe Biden, have appeared to
Gehlot himself confessed that he and BJP New Delhi, 22 July “I think the Congress will draw a you’re seeing taken by President Trump, compete over who can look tougher in
Pilot had not spoken for the past 18 72 blank as of now because Congress we’ll continue to engage in this,” response to China.
months and Pilot had been nothing Had C P Joshi, current Speaker of the candidates have sailed in an Pompeo said. REUTERS
but trouble from the word go. Pilot group 19 Rajasthan Assembly, not lost in his abandoned ship. I don’t think
Initially, the high command went Rashtriya Loktantrik Party 3 constituency, Nathdwara, by one anybody can stand without the
along with Gehlot, and Pilot was also
removed from his position as chief of
the state party. But later Pilot was said
Independent 1
Any movement by Independents can change the
fortunes of the Ashok Gehlot government
vote in the 2008 Assembly elections,
it might have been hard to decide
whether Joshi or Ashok Gehlot,
support of logistics. I just didn’t like
my candidates to resign. So I let them
continue but I think nobody wins France imposes de facto
ban on Huawei 5G gear
to be in touch with Priyanka Gandhi current Chief Minister of Rajasthan, elections without logistics support,”
Vadra, though Rahul Gandhi, rather would have been chief minister. Therie said. While the Congress had
elliptically, told a meeting of the 200-member Assembly. The two are chalk and cheese. announced 23 candidates initially,
National Students’ Union of India (the Meanwhile, the central BJP is piling Joshi is irascible, blunt, and hates five pulled out for lack of funds,
Congress’s student wing) that those on the pressure on Rajasthan. The being asked for favours. Gehlot is leaving only 18 in the fray. French authorities have told telecoms of the country. The sources said ANSSI had
who wanted to leave the Congress Enforcement Directorate conducted moderate and unaggressive. They In Meghalaya too, the Congress operators planning to buy Huawei 5G informed operators of most licence decisions
could do so, hinting at the recent raids at a company named Anupam are also not particularly fond of each managed to snatch defeat from the equipment that they won’t be able to renew for large cities. They said the bulk of
departure of Jyotiraditya Scindia and Krishi in Jodhpur owned by Agrasen other. In fact, at a meeting where jaws of victory. With just two more licences for the gear once they expire, authorisations for Huawei gear were for three
Pilot’s rebellion. Gehlot, brother of Ashok Gehlot. Gehlot was present, Joshi remarked than the Congress, it was an agile effectively phasing the Chinese firm out of or five years, while most of those for equipment
What the Pilot camp wants is justice. Customs department has prosecuted soon after the Rajasthan Assembly Bharatiya Janata Party that managed mobile networks, three sources close to the from European rivals Ericsson or Nokia
The MLAs argue that they had and levied a penalty of ~7 crore on the elections in 2008: “I was a follower to stitch an alliance with smaller matter said. Like other countries in received eight-year licences. ANSSI’s
many grouses against Gehlot’s crony- company. Meanwhile, Pilot was on of Ashok Gehlot. Now I am his groups and form a government. In Europe, France is laying the ground decisions have not been made public,
ism. The final straw was Gehlot’s action another mission: to clear his name of collaborator.… The earlier Tripura, Sarma took advantage of a for its next-generation 5G mobile either by the agency or by the
of setting the Rajasthan Police on Pilot charges of bribery. On Wednesday, he relationship between us was of somnolent Congress to steal market in the middle of a growing companies.
and his supporters on the charge that lodged a case against Congress MLA leader-follower and now it is of erstwhile allies from under its nose. geopolitical storm between two The sources added that operators
they were conspiring against the gov- Girraj Singh Malinga who had alleged leader-collaborator”. The party leadership took its time global superpowers. had also been told by French
ernment by conspiring with the that Pilot offered him ~35 crore to cross- Despite their differences (and to act. The charge of the Northeast The United States say the authorities during informal
Bharatiya Janata Party (BJP). vote in the Rajya Sabha polls. they persist), they made a formidable and West Bengal was taken away company’s equipment could be used conversations in recent months, not
Gehlot’s camp says Pilot and his Pilot’s notice demands a sum of ~1 team and scripted victory not just in from Joshi only in 2018. by the Chinese government for espionage - a stated formally in documents, that licences
acolytes brought very little to the table and a written apology before the press the Assembly elections (96 out of Then came the Rajasthan charge denied by Huawei and Beijing - and has granted for Huawei equipment would not be
politically and relations deteriorated for issuing “false and frivolous allega- 200) but also in the Lok Sabha (19 out Assembly elections and Joshi went pressed its allies to ban it. renewed thereafter. ANSSI declined to
so badly that Gehlot was determined to tion” within seven days. It is unlikely of 25) in 2008 and 2009. back to doing what he does best — France’s cybersecurity agency ANSSI said comment. Such restrictions, though, would
drive Pilot and others out of the that any test on the floor of the As Union minister in the United state politics. Now, he is the slender this month it would allow operators to use amount to a de facto phase-out of Huawei
Congress, even if it meant going Assembly will be undertaken before Progressive Alliance government, thread that stands between a equipment, including Huawei’s, under within France’s 5G networks by 2028, given the
through a dangerous floor test. Monday or till the SC has issued its Joshi was moved out of rural Congress and a BJP government. He licences of three to eight years. But it added it short time-frame of the licenses, according to
So far no floor test is scheduled and orders on Joshi’s plea. Both sides are development to replace Kamal Nath might be saving the government for was urging telcos not currently using the the sources, who declined to be named
Pilot with the BJP has just under 100 now ranged against each other and in surface transport in 2011. When the party. But the unintended Chinese company’s gear to avoid switching to because of the sensitivity of the matter. Huawei
MLAs, while Gehlot with alliance part- under pressure to guard their flanks the UPA went into the Opposition in recipient of his grace will be bitter it. Operators must each apply for dozens of declined to comment.
ners has just over 100 MLAs in the from further attrition. 2014, he was given extensive party erstwhile rival, Ashok Gehlot. licences for equipment to cover different parts REUTERS

Glenmark claims ‘clinical cure in 4 days’ in Phase-3 trial

SOHINI DAS polymerase chain reaction (RT- tine care group.”
US to pay Pfizer,
MyLab’s antigen kit gets ICMR nod
Mumbai, 22 July PCR) positive for Covid-19. Glenmark launched FabiFlu in
Favipiravir is a broad spectrum India on June 20. It has commenced
Amidst controversy over the pricing oral antiviral drug that selectively BioNTech $1.95 bn a post marketing surveillance study
and efficacy of the generic oral inhibits the viral replication phase Molecular diagnostics company, Biosensor makes the antigen kits in company said. As infections surge on FabiFlu to closely monitor the
antiviral drug favipiravir, Glenmark of SARS-Cov-2 virus. Mylab Discovery Solutions, which use. It was the only firm approved by across the country, more states are for vaccine doses efficacy and safety of the drug in
Pharmaceuticals announced the top Patients in the Glenmark clinical launched the first indigenous RT- ICMR for these kits. It has a plant in allowing antigen-based rapid The US government will pay 1,000 patients prescribed with the
line results from a Phase 3 clinical trial received favipiravir tablets of PCR testing kit, has got the nod to Manesar. Another firm called Vishat testing in India. Hasmukh Rawal, $1.95 bn to buy 100 mn doses of oral antiviral as part of an open label,
trial of the drug in mild to moderate 3,600 mg (1,800 mg twice a day) on commercially make antigen testing Diagnostic, which that supplies an managing director, Mylab Pfizer and German biotech firm multicentre, single arm study.
Covid-19 patients conducted across Day 1, followed by 1,600 mg (800 mg kits for Covid-19. It will be the first antigen kit from Belgium’s Coris Discovery Solutions, said, “With the BioNTech SE’s Covid vaccine The company is conducting
seven clinical sites in India. twice a day) for up to a fortnight, Indian firm to get approval from the BioConcept, also got ICMR approval. approval for an antigen testing kit, candidate if they are able to another Phase 3 clinical trial in India
Glenmark claimed that 69.8 per along with standard supportive care. Indian Council of Medical Research “The launch of the antigen we will cover whole spectrum of successfully develop one, the to evaluate the efficacy of two antivi-
cent of patients in the favipiravir Around 90 patients were mild, 60 (ICMR) that has developed the kit in testing kit is in line with the Covid-19 testing.” India is using a firms said. The contract is the ral drugs favipiravir and umifenovir
treatment arm achieved ‘clinical were moderately sick. India and will be making it here too. government’s expectation to combination of both antigen and most the US has agreed to spend as combination therapy in moder-
cure’ by Day 4, which was statisti- Glenmark claimed the results MyLab’s kit named Pathocatch increase rapid testing, which is the RT-PCR testing as its testing on a vaccine yet, but the previ- ate hospitalised adult Covid-19
cally significant, compared to 44.9 from the Phase 3 trial showed will be available for orders immed- point-of-care method and strategy. This will save both time ous deals the govt signed helped patients.
per cent observed in the control arm. ‘numerical improvements’ from the iately and will be priced at ~450. complements the more rigorous RT- and cost, speeding up the process of pay for drugmakers’ The Drug Controller General of
The open-label, randomised, primary efficacy endpoint, with 28.6 At present, Korean company SD PCR test to detect coronavirus,” the testing and isolation. SOHINI DAS development costs. REUTERS India (DCGI) had served a notice on
multicentre clinical trial, conducted per cent faster viral clearance in the the company, asking it to clarify
on 150 patients, evaluated the effi- overall population. The key second- some points raised by a Member of
cacy and safety of favipiravir plus ary outcome measures for clinical by a physician’s assessment of nor- favipiravir treated arm,” the state- cipal investigators of this study, com- He added: “I have had a chance to Parliament on the pricing and effi-
standard supportive care (favipi- improvement demonstrated the effi- malisation of clinical signs — tem- ment said. mented: “The results of the Indian independently view the initial results cacy of the drug. Glenmark had
ravir treatment arm) versus stan- cacy and benefit of the favipiravir perature, oxygen saturation, respi- Glenmark plans to submit the favipiravir study are encouraging. and they are encouraging. Patients responded to the DCGI’s letter on
dard supportive care (control arm) treatment arm over the control arm, ratory rate, and cough. clinical trial data for publication in a The trial was performed with a sense randomised to favipiravir seemed to Tuesday.
in mild to moderate patients, ran- the company said in a statement. “Additionally, Glenmark’s favipi- peer-reviewed journal in the coming of urgency, considering the gravity of have faster clinical cure, and more Shares of Glenmark settled at
domised within a 48-hour window The favipiravir arm had 40 per ravir was well tolerated with no seri- weeks and share the findings. the pandemic, yet scientific princi- importantly, faster viral clearance ~413.70 per scrip on the BSE, down
of testing reverse transcription cent faster ‘clinical cure’ as defined ous adverse events or deaths in the Dr Zarir Udwadia, one of the prin- ples were not sacrificed.” than those randomised to the rou- 0.13 per cent from its previous close.