29 Apr 2017 | Livemint.com

BSE
NSE
Last Updated: Mar 31, 03:50 PM
Berger Paints India Ltd.

BSE

  • 241.50 4.10 (1.73%)
  • Vol: 135329
  • BSE Code: 509480
  • PREV. CLOSE
    237.40
  • OPEN PRICE
    239.00
  • BID PRICE (QTY.)
    241.50(170)
  • OFFER PRICE (QTY.)
    0.00(0)

NSE

  • 242.10 0.00 (0%)
  • Vol: 714610
  • NSE Code: BERGEPAINT
  • PREV. CLOSE
    242.10
  • OPEN PRICE
    239.75
  • BID PRICE (QTY.)
    0.00(0)
  • OFFER PRICE (QTY.)
    242.10(7)

Berger Paints India Ltd. Accounting Policy

CORPORATE GOVERNANCE

FOR THE YEAR ENDED 31st MARCH, 2016

In accordance with the provisions of Regulations 17 to 27, 46(2)(b) to (i) and Para C, D and E of Schedule V of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the report containing the details of Corporate Governance at Berger Paints India Limited is as follows:

Corporate Governance provides that a Company is directed in such a way that it performs efficiently and effectively, keeping in view the long term interest of the stakeholders, while respecting laws and regulations of the land and contributing, as a responsible corporate citizen, to the national exchequers.

COMPANY'S PHILOSOPHY

BERGER PAINTS INDIA LIMITED believes that credibility vests in good Corporate Governance procedures which help maintain professional, transparent, ethical and perpetual business. It encourages all its stakeholders' co-operation and such co-operation is enhanced as your company adheres to the best governance practices.

BOARD OF DIRECTORS

The Board has an optimum combination of Executive and Non-Executive Directors.

The Board comprises 10 Directors of which, 3 are Executive Directors (2 of whom are related to Promoters), 2 are Non-Executive Promoter Directors and 5 are Non-Executive Independent Directors.

The Chairman of the Board is a Non-Executive Promoter Director. He is entitled to maintain an office in accordance with Regulation 27(1) read with Schedule-II (Part E) of the Listing Regulations. The Company reimburses the expenses incurred by the Chairman in the course of performance of his duties.

Pursuant to the Companies Act, 2013 ("the Act"), the terms of Independent Directors would extend to a period of 5 years from the date of appointment

NOTES:

• Includes directorships in private companies also but does not include body corporate incorporated outside India.

• Mr. Kuldip Singh Dhingra and Mr. Gurbachan Singh Dhingra are brothers.

• Mrs. Rishma Kaur is the daughter of Mr. Kuldip Singh Dhingra and Mr. Kanwardip Singh Dhingra is the son of Mr. Gurbachan Singh Dhingra.

• The status of Independence is as per the requirement of the provisions of the Act as well as the Listing Regulations.

As per Regulation 46(2)(b) of the Listing Regulations, the Company has issued formal letters of appointment to the Independent Directors. The weblink where the terms and conditions regarding the appointment of Independent Directors are posted can be accessed at <https://www.bergerpaints.com/about-us/standard-letter-of-appointment.html>.

MEETINGS AND ATTENDANCE :

Pursuant to Section 173(1) of the Act, six Board Meetings were held during the year 2015-16 and the intervention between the two consecutive meetings did not exceed one hundred and twenty days. The Board Meeting dates for a calendar year are usually finalized in the previous calendar year to provide sufficient advance notice

MEETING OF INDEPENDENT DIRECTORS :

As stipulated by the Code of Independent Directors under the Act and the Listing Regulations, a separate meeting of the Independent Directors at the Company was held on 4th February, 2016 to review the performance of Non-Independent Directors (including the Chairman) and the Board as a whole. The Independent Directors also reviewed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board Members to effectively and reasonably perform their duties.

FAMILIARISATION PROGRAM FOR INDEPENDENT DIRECTORS :

The weblink where details of the Familiarisation Program imparted to Independent Directors can be viewed at: <https://www>. bergerpaints.com/about-us/familiarization-program.html

COMMITTEES OF DIRECTORS :

I. AUDIT COMMITTEE :

The terms of reference of the Audit Committee cover the matters specified under Regulation 18 and Part C of Schedule II of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with Section 177 of the Companies Act, 2013.

Roles & Responsibilities of the Audit Committee includes, inter alia, the following :

• Overseeing the Financial Reporting process.

• Disclosure of financial statements.

• Recommending appointment/removal of external Auditors and fixing their remuneration.

• Reviewing the quarterly and annual financial statements before submission to the Board.

• Reviewing the adequacy of the internal audit function including the structure and staffing of the internal audit department.

• Ensuring adequacy of the internal control system.

• Reviewing findings of internal investigations.

• Discussing the scope of audit with internal auditors.

• Reviewing the Company's financial and risk management policies, looking into reasons for substantial defaults, if any, of non-payment to stakeholders.

• Granting omnibus approval for any material related party transactions proposed to be entered by the Company under section 14 of the Companies (Amendment) Act, 2015.

The Composition of the AUDIT COMMITTEE as on 31st March, 2016 is as follows :

1. Mr. Dhirendra Swarup - Chairman

2. Mr. Gurbachan Singh Dhingra

3. Mr. Pulak Prasad

4. Mr. Kamal Ranjan Das

5. Mr. Aniruddha Sen - Secretary.

Notes :

(i) The quorum for Independent Directors as required under Regulation 18(1)(b) of the Listing Regulations was complied with during the year.

(ii) All the Directors attending the Audit Committee meetings are entitled to a sitting fee of Rs. 2000/- for every meeting attended by them.

(iii) Invitees/ Participants :

1. Mr. Abhijit Roy, MD & CEO and Mr. Srijit Dasgupta, Director- Finance & CFO are permanent invitees to all Audit Committee meetings.

2. Head of the Internal Audit Department attends all the Audit Committee meetings as far as possible and briefs the Committee on all the points covered in the Internal Audit Report.

3. The representatives of the Statutory Auditors have attended the Audit Committee meetings held during the year.

VIGIL MECHANISM :

Pursuant to Section 178 of the Act and Regulation 22 of the Listing Regulations, your Company has established a Vigil Mechanism Policy. The Policy is as under:

Berger Paints India Limited ("Berger") and its subsidiaries (collectively the "Company") are committed to complying with the laws that apply to them, the Code of Conduct of the Company and particularly to assuring that business is conducted with integrity and that the Company's financial information is accurate. If potential violations of Company policies or applicable laws are not recognized and addressed promptly, both the Company and those working for or with the Company could face governmental investigation, prosecution, fines and other penalties. Consequentially, and to promote ethical standards, the Company will maintain a workplace that facilitates the reporting of potential violations of Company policies and applicable laws. Employees and Directors may raise concerns regarding such potential violations easily and free of any fear of retaliation. That is the purpose of this Policy (the "Policy" or the Whistle Blower Policy).

In case of any suspected violation of any law that applies to the Company and any suspected violation of the Company's Code of Conduct, an Employee or Director may report the same in the manner mentioned in this Policy. Such violations include, but are not limited to, accounting or financial reporting violations, fraud, misappropriation of money, discrimination or harassment based on gender, race, religion, language, etc., unlawful manipulations, insider trading, bribery, or violations of the anti-retaliation aspects of this Policy. Retaliation includes adverse actions, harassment or discrimination in employment relating to a report of a suspected violation.

Failure to report any reasonable belief that a violation has occurred or is occurring is itself a violation of this Policy and such failure will be addressed with appropriate disciplinary action.

How to Report :

A report of suspected violation may be made either with name or anonymously to : companysecretary@bergerindia.com or by sending a letter with name or an anonymous letter to the Company Secretary at :

Berger Paints India Limited 'Berger House' 129, Park Street Kolkata - 700 017 with a copy of such an e-mail or letter may also be sent to chairman@bergerindia.com

If you have reason to believe that the Managing Director, the Director, Finance or the Company Secretary is involved in the suspected violation, your report may be made in sealed envelope to the Audit Committee of Berger Board of Directors (the "Audit Committee") at : Chairman, Audit Committee Berger Paints India Limited 'Berger House' 129, Park Street Kolkata - 700 017 with copy to chairman@bergerindia.com

If you have any complaint against the Chairman of the Audit Committee or the member of the Audit Committee, your report may be made in sealed envelope to Chairman, Berger Paints India Limited, C/o. U K Paints India Limited, 19 DDA Commercial Complex, Kailash Colony Extn., New Delhi - 110 048. Such complaints may also be made by e-mail to chairman@bergerindia. com.

A report should include maximum possible information about the suspected violation. Where possible, it should describe the nature of the suspected violation; the identities of persons involved in the suspected violation; a description of documents that relate to the suspected violation; and the time frame during which the suspected violation occurred. The named reporting person may be contacted for further information.

Investigations after Report

All reports under this Policy will be promptly and appropriately investigated by a Committee of Managing Director, Director, Finance & Company Secretary or Chairman of the Audit Committee or the Chairman, as the case may be, with assistance of such other person, as they deem fit and all information disclosed during the course of the investigation will remain confidential, except as necessary to conduct the investigation and take any remedial action, in accordance with applicable law. An investigation will be a neutral fact finding process with evidence. Everyone working for or with the Company has a duty to cooperate in the investigation of reports of violations. Failure to cooperate in an investigation, or deliberately providing false information during an investigation, will be the basis for disciplinary action. If, at the conclusion of its investigation, the Company determines that a violation has occurred, the Company will take effective remedial action commensurate with the nature of the offense. This action may include disciplinary action against the accused party, up to and including termination. Reasonable and necessary steps will also be taken to prevent any further violations of Company Policy. Result of an investigation will be communicated to the complainant and may be disclosed to employees/public. Summary of all reports and actions taken will be tabled at Audit Committee meetings.

Retaliation is not Tolerated

No one may take any adverse action against any employee for complaining about, reporting, or participating or assisting in the investigation of, a reasonably suspected violation with basis under this Policy. Incidents of retaliation against any employee reporting a violation or participating in the investigation of a reasonably suspected violation will result in appropriate disciplinary action against anyone responsible.

Confidentiality

Employees and Directors will maintain confidentiality obligations. Reporting in accordance with this Policy does not tantamount to breach of confidentiality obligations.

Malicious and unfounded allegations

Employees and Directors are not to make malicious or unfounded allegations but may make allegations in good faith where there is reasonable ground of suspicion and basis.

No protection from adverse action

This Policy does not protect an employee from an adverse or a disciplinary action taken independent of any disclosure made pursuant to this Policy.

Action in terms of other laws

This Policy does not prevent a person or the Company from taking an action under any applicable law.

Document Retention

All documents related to reporting, investigation and enforcement pursuant to this Policy may be retained by the Company.

Modification

The Board of Directors of the Company can modify this Policy unilaterally at any time without notice.

II. COMPENSATION AND NOMINATION AND REMUNERATION COMMITTEE :

The Compensation and Nomination and Remuneration Committee's ("the Remuneration Committee") constitution and terms of reference are in compliance with the provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Remuneration Committee fulfills the roles as laid out in the Companies Act, 2013 and as per role specified in Part D of Schedule II of the Listing Regulations.

The composition of the Remuneration Committee as on 31st March, 2016 is as follows :

1. Mr. Kamal Ranjan Das - Chairman

2. Mr. Kuldip Singh Dhingra

3. Mr. Pulak Chandan Prasad.

Three Resolutions by Circulation of the Remuneration Committee were passed and one Remuneration Committee meeting was convened during the financial year 2015-16.

Your Company had framed an Employee Stock Option Plan, pursuant to Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Purchase) Guidelines, 1999 for issuing equity shares of the Company to specific category of employees and Directors. This scheme was approved by the Board of Directors at its meeting held on 18th June, 2010 and was approved by Shareholders at the Annual General Meeting held on 29th July, 2010.

In accordance with the aforesaid scheme, the Remuneration Committee approved allotment of equity shares to the following persons upon exercise of their options granted to them in the years 2010, 2011, 2012 and 2013 respectively :

1) 4,230 shares of face value of Rs.1/- each, on 24th April, 2015 to 3 employees.

2) 1,89,562 equity shares of face value of Rs.1/- each, on 16th September, 2015 to 132 employees.

Further, in accordance with Rule 12 of the Companies (Share Capital and Debenture) Rules, 2014, the Company also allotted shares to Key Managerial Personnel (KMPs) on 16th September, 2015, on their exercising the options earlier granted to them and the details of the allotments made are as follows

The Board has decided to seek approval of the shareholders of the Company in respect of Berger Paints India Limited Employee Stock Option Plan 2016 and for grant of Stock Options to the eligible employees / Directors of the Company and those of its Subsidiary Company(ies) at such time the Board or the Remuneration Committee deems fit. Since the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 have been replaced by SEBI (Share Based Employee Benefits) Regulations, 2014, as per legal opinion received by the Company, the Company will need fresh approval of the members of the Company. A special resolution for the aforesaid purpose is included in the notice for the forthcoming Annual General Meeting for your approval.

All the Directors attending the Remuneration Committee meetings are entitled to a sitting fee of Rs. 2000/- for every meeting attended by them.

Required quorum was present at the meetings of the Remuneration Committee.

PERFORMANCE EVALUATION CRITERIA FOR INDEPENDENT DIRECTORS :

The Company follows the provisions of the Act and Listing Regulations in relation to Director's appointments, qualifications and independence.

Pursuant to Section 178(3) of the Act and Regulation 17(6) of Listing Regulations, the Remuneration Committee is entrusted with responsibility of formulating criteria for determining qualifications, positive attributes and independence of Independent Directors. This can be viewed at <https://www.bergerpaints.com/about-up/criteria-policy.html>.

REMUNERATION OF DIRECTORS :

The Remuneration Policy of the Company is given in the Report of the Directors and can be accessed at the following web link <https://www.bergerpaints.com/about-us/remuneration-policy.html>.

The remuneration of Directors is as under :

B. NON-EXECUTIVE DIRECTORS :

The Non-executive Directors are entitled to commission limited to one percent of the net profits of the Company, as approved by the shareholders at the Annual General Meeting held on 2nd August, 2012 subject to a maximum of Rupees One Crore every year, distributed among them based on the time devoted, advice rendered and expertise lent to the Company.

IV. BUSINESS PROCESS AND RISK MANAGEMENT COMMITTEE :

The Board of Directors has defined the procedures, practices, roles and responsibilities of the said Committee and has delegated monitoring and reviewing of the Risk Management Plan and Policy to the Committee and such other functions as it has deemed fit.

The Composition of Business Process and Risk Management Committee as on 31st March, 2016 is as follows :

1) Mr. Gurbachan Singh Dhingra- Chairman

2) Mr. Kamal Ranjan Das

3) Mrs. Rishma Kaur

4) Mr. Kanwardip Singh Dhingra

5) Mr. Anil Bhalla

6) Mr. Subir Bose

7) Mr. Abhijit Roy

8) Mr. Srijit Dasgupta.

V. CORPORATE SOCIAL RESPONSIBILITY :

Pursuant to the provisions of Section 135 of the Companies Act, 2013, read with Schedule VII of the Act, the Corporate Social Responsibility Committee had been framed.

The Composition of Corporate Social Responsibility Committee as on 31st March, 2016 is as follows :

1. Mr. Kuldip Singh Dhingra - Chairman

2. Mr. Abhijit Roy

3. Mr. Srijit Dasgupta

4. Mr. Anil Bhalla

5. Mr. Kamal Ranjan Das

6. Mr. Kanwardip Singh Dhingra

7. Mrs. Rishma Kaur

8. Mr. Aniruddha Sen.

One resolution by circulation of the Corporate Social Responsibility Committee was passed during the Financial Year 2015­16 and the Corporate Social Responsibility (CSR) Committee met on 1st December, 2015 to approve the CSR activities to be undertaken by the Company.

VI. COMMITTEE OF DIRECTORS FOR REGULAR MATTERS :

Though not mandatory, the Committee was formed and reconstituted on 26th September, 2014 whose primary function is to grant approvals and authority to the employees of the Company to conduct routine business, such as opening/ closing of bank accounts, change in authorized signatories, authorization for appearance before court, tax authorities etc. which require immediate approval.

The Composition of Committee of Directors for regular matters as on 31st March, 2016 is as follows :

1. Mr. Kuldip Singh Dhingra - Chairman

2. Mr. Abhijit Roy

3. Mr. Kamal Ranjan Das

4. Mr. Aniruddha Sen - Secretary

DISCLOSURES :

A. The Company has not entered into any materially significant related party transaction which would have potential conflict with the interests of the Company at large.

B. The Company has complied with all the applicable requirements of the Listing Regulations.

C. Whistle Blower Policy has been framed by the Company and no personnel has been denied access to the Audit Committee.

D. The Company has complied with all the mandatory requirements of Regulation 27(2) of the Listing Regulations and the following non-mandatory requirement has been adopted by the Entity:

1. Non-executive Chairman's Office : Chairman's office is separate from that of the Managing Director & CEO. He is entitled to maintain an office at the Company's expense and the Company reimburses the expenses incurred by the Chairman in the course of performance of his duties.

2. Separate posts of Chairman and CEO : The Chairman of the Board is a Non-Executive Promoter Director and his position is separate from that of the Managing Director & CEO.

E. The web link where policy for determining 'material' subsidiaries is disclosed and can be viewed at <https://www.bergerpaints>. com/about-us/rpt-policy.html.

F. The web link where policy on dealing with related party transactions and can be viewed at <https://www.bergerpaints.com/about->us/rpt-policy.html.

G. The Company has followed all relevant Accounting Standards notified by the Companies (Accounting Standards) Rules, 2006 while preparing Financial Statements.

H. No penalties or strictures have been imposed on the Company by Stock Exchanges or SEBI or any statutory authority on any matter related to capital markets during the last three years.

DISCRETIONARY REQUIREMENTS UNDER REGULATION 27 OF THE LISTING REGULATIONS :

The status of Compliance with discretionary recommendations of Regulation 27 of the Listing Regulations is provided below:

I. Shareholders' Rights : The quarterly and half yearly financial performance along with significant events are published in the news papers and are also posted on the Company's website.

2. Modified opinion in Auditor's Report : The Company's financial statement for the year ended 31st March, 2016 does not contain any modified audit opinion.

MEANS OF COMMUNICATION :

• The Quarterly and Half - Yearly Financial Results of the Company are published in leading English and vernacular dailies namely, Hindu Business Line, Business Standard, Mint, Ei Somoy, Dainik Statesman. Such results are also uploaded in the Company's website: <http://www.bergerpaints.com/investors/quarterly-reports.html>.

• Any other such important announcements are published by the Company in leading English and Bengali dailies and also uploaded on the website.

• Since all the information are published in leading newspapers as well as displayed on the Company's website, hence no individual information to the shareholders are provided.

• Presentations made to Institutional Investors and Analysts are uploaded on the website: www.bergerpaints.com

CODE OF CONDUCT :

The Board has laid down a Code of Conduct for all the Board Members and senior management of the Company, and they have affirmed the same. The Code of Conduct includes all the applicable duties of Independent Directors as laid down in Schedule IV of the Companies Act, 2013. The Independent Directors shall be held liable only in respect of such acts of omission or commission by the Company which had occurred with his knowledge, attributable through Board processes, and with his consent or connivance or where he had not acted diligently with respect to the provisions of the Listing Regulations.

The Code of Conduct has been uploaded on the Company's weblink: <https://www.bergerpaints.com/about-us/code-of-conduct->independent-directors.html. The Certificate of affirmation in respect of compliance has been appended as a part of Corporate Governance Report.

PREVENTION OF INSIDER TRADING CODE :

As per Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, your Company has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This can be viewed at <https://www>. bergerpaints.com/about-us/code-of-practices-and-procedures-policy.html.

As per Regulation 9(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has adopted a Code of Internal Procedures and Conduct for Prohibition of Insider Trading in dealing with the Securities of the Company. This can be viewed at <https://www.bergerpaints.com/about-us/code-of-internal-procedures-policy.html>.

GENERAL SHAREHOLDERS' INFORMATION

ANNUAL GENERAL MEETING : DATE - 3rd August, 2016.

TIME - 11:00 AM.

VENUE - Kalamandir, 48, Shakespeare Sarani, Kolkata- 700 017

FINANCIAL YEAR : The accounting year covers the period from 1st April, 2015 to 31st March, 2016.

Financial Reporting for the quarters ending on :

30th June, 2016 (unaudited) --- By 14th August, 2016

30th September, 2016 (unaudited) --- By 14th November, 2016

31st December, 2016 (unaudited) --- By 14th February, 2017

31st March, 2017 (audited) --- By 30th May, 2017

[Note : The above dates are indicative in nature]

BOOK CLOSURE DATES : Book closure commences on 28.07.2016 and ends on 03.08.2016, both days inclusive.

DIVIDEND PAYMENT DATE : For interim dividend paid on 29th February, 2016, Record Date was 19th February, 2016. Final dividend will be paid on 29th August, 2016

LISTING ON STOCK EXCHANGES : The shares of the Company are listed on the following Stock Exchanges:

· NATIONAL STOCK EXCHANGE (NSE)

National Stock Exchange of India Limited “Exchange Plaza”, 5th Floor, Plot no. C/1, G Block Bandra - Kurla Complex, Mumbai - 400 051.

· BOMBAY STOCK EXCHANGE (BSE)

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

· THE CALCUTTA STOCK EXCHANGE (CSE)

The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata -700 001. DEPOSITORIES :

(a) The National Securities Depository Limited 4th Floor, Trade World, Kamala Mill Compound Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.

(b) Central Depository Services (India) Limited Phiroze Jeejeebhoy Towers, 17th Floor, Dalal Street Mumbai - 400 001.

ISIN No. : INE463A1038

SHARE TRANSFER SYSTEM :

Shares sent for physical transfer are effected within 10 working days of lodgement. Approval for registration of share transfer, transmission etc. is normally obtained from the Share Transfer Committee by means of circular resolutions/at meetings within every 10-11 days (if through circular resolutions) and once in every month (if through a meeting) . The total number of shares transferred in physical form during the year 2015-2016 were 4,56,230 as compared to 1,12,250 (73,838 shares of face value of Rs. 2/- each + 38,412 shares of face value of Rs.1/-each during 2014-2015).

DEMATERIALISATION OF SHARES AND LIQUIDITY AS ON 31st MARCH, 2016 : 98.19% of the Company's shares are held in electronic form.

OUTSTANDING GDRs/ADRs/WARRANTS OR ANY CONVERTIBLE INSTRUMENTS, CONVERSION DATE AND LIKELY IMPACT ON EQUITY : There is no outstanding GDRs/ADRs/Warrants or convertible instruments.

PLANT LOCATION (INCLUDING BRITISH PAINTS DIVISION)

HOWRAH : 14 & 15 Swarnamoyee Road Shibpur, Howrah - 711 103 Phone : 033-2668 4706 Fax : 033-2668 2956

JAMMU :

SIDCO Industrial Growth Centre Sambha, Distt. Jammu Jammu & Kashmir - 184 121 Phone : 01923246451 (*includes British Paints Division)

SURAJPUR ;

D-20, Site-B, Surajpur Industrial Area Greater Noida, Distt. Gautam Budh Nagar Phone : 0120-2560621, 2561321

SIKANDRABAD :

38A, Industrial Area Bulandshar Road Sikandrabad (U.P.)  Phone : 05735-224511/222249/222384

GOA :

316-317 Kundaim Industrial Estate Kundaim, North Goa Phone : 0832-239 5941/6212 Fax : 0832-239 5663/ 239 5610

JEJURI :

Plot No. G-35, Additional Jejuri Industrial Area Tal- Purandar, Pune- 412 303 Phone : 02115254816/17/18/19/20

PUDUCHERRY

53-56 Pandasozhanallur Village Nettapakkam Commune Puducherry - 605 106 Phone : 0413-269 9171

RISHRA :

103, G.T. Road Rishra, Hooghly- 712 248 Phone : 033-2672 0640/41/42 Fax: 033-2672 0491

HINDUPUR :

Plot No. 262, Industrial Growth Centre Thumukunta Village, Hindupur - 515 211 Dist. : Anantapur, Andhra Pradesh

Phone: 08556-297245

HINDUPUR :

Plot No. 32 (PT) APIIC Industrial Park Gollapuram - 515 211, Hindupur Dist. : Anantapur, Andhra Pradesh

REGISTRARS AND SHARE TRANSFER AGENTS AND ADDRESS FOR CORRESPONDENCE :

M/s. CB Management Services ( P) Ltd.

P-22 Bondel Road, Kolkata - 700 019 Phone :033- 4011 6700, 4011 6725 Fax No. : 033-4011 6739 E-mail : rta@cbmsl.com, dasg@cbmsl.com

COMPLIANCE OFFICER : MR. ANIRUDDHA SEN

FOR QUERY RELATING TO YOUR SHAREHOLDING, PLEASE SEND YOUR QUERY/EMAIL AT :

1. BERGER PAINTS INDIA LIMITED

BERGER HOUSE, 129, PARK STREET, KOLKATA - 700 017 PHONE : 033-2249 9754-58 FAX NO. : 033-2227 7288 EMAIL: consumerfeedback@bergerindia.com

2. M/s CB MANAGEMENT SERVICES (P) LTD. AT THE ABOVE ADDRESS MANDATORY REQUIREMENT OF PAN :

SEBI vide its circular dated 7th January, 2010 has made it mandatory to furnish PAN copy in the following cases:

1. Deletion of name of deceased shareholder(s), where the shares are held in the name of two or more shareholders;

2. Transmission of shares to the legal heir(s), where deceased shareholder was the sole holder.

3. Transposition of shares: In case of change in order of names in which physical shares are held jointly in the names of two or more shareholders.