REPORT ON CORPORATE GOVERNANCE
1) Company's philosophy on Code of Governance
Bharat Petroleum Corporation Limited's ("the Company") corporate philosophy on Corporate Governance has been to ensure fairness to the Stakeholders through transparency, full disclosures, empowerment of employees and collective decision making.
2) Board of Directors
As per the Articles of Association of the Company, the number of Directors shall not be less than three and not more than sixteen. As on 31st March 2015, the BPCL Board comprised 9 Directors represented by 5 Whole-time (Executive) Directors including Chairman & Managing Director, 2 Part-time (Ex-Officio) Directors (Government Directors) and 2 Part-time (Non-official) Directors (Independent Directors). For nomination of additional 5 Independent Directors as on 31st March, 2015 as required under Clause 49 of the Listing Agreement, the Company has taken up the matter with the Government of India. The requirement of having at least one Woman Director on Board was later complied with effective 19.05.2015.
During the year, all meetings of the Board and the Annual General Meeting were chaired by the Chairman & Managing Director.
None of the Non-Executive Directors of BPCL had any pecuniary relationship / transaction with the Company during the year.
The Directors neither held membership of more than 10 Committees nor Chairmanships of more than 5 Committees as specified in Clause 49 of the Listing Agreement and Clause 3.3.2 of Guidelines on Corporate Governance for Central Public Sector Enterprises issued by Department of Public Enterprises across all the companies in which they were Directors.
The required information as indicated in Annexure X to Clause 49 of the Listing Agreement and Annexure IV to Guidelines on Corporate Governance for Central Public Sector Enterprises were made available to the Board of Directors.
Details regarding the Board Meetings, Annual General Meeting, Directors' attendance thereat, Directorships and Committee positions held by the Directors are as under:
The Board has adopted a Code of Conduct for the Directors and also for the Senior Management of the Company and the same has been posted on the website of the Company. There is a system in the organization of affirming compliance with Corporate Governance by the Board Members and Senior Management Personnel of the Company. A declaration of compliance signed by Chairman & Managing Director of the Company is enclosed with this Annual Report.
3) Board Committees A) Audit Committee
BPCL took the initiative to introduce Corporate Governance in the organisation during the year 1996 itself, by constituting an Audit Compliance Committee. The said Committee was reconstituted and renamed as Audit Committee in the year 2000 and the role, powers and functions of the Audit Committee were specified and approved by the Board.
As on 31st March 2015, the Audit Committee comprised two Part-time (Independent) Directors and one Whole-time Director. Prof. J.R. Varma is the Chairman of the Committee, Shri B. Chakrabarti and Shri P Balasubramanian are the present Members of the Committee. During the Financial Year, Shri S. Varadarajan, Chairman and Managing Director (who was also holding additional charge as Director Finance till 31.03.2014) ceased to be a Member of the Committee, consequent to appointment of Shri P. Balasubramanian, Director (Finance). The Members possess the requisite knowledge of Finance & Accounting for effective functioning of the Audit Committee. The Company Secretary acts as the Secretary to the Audit Committee.
Executive Director (Audit) is actively involved with the meetings of the Audit Committee besides attending and participating at the said meetings. In addition, other Whole-time Directors also attend the meetings. The Statutory Auditors and Cost Auditors are invited to attend and participate at the meetings.
The terms of reference of the Audit Committee cover all matters specified in Clause 49 of the Listing Agreement with the Stock Exchanges read with Section 177 of the Companies Act, 2013 and Guidelines on Corporate Governance for Central Public Sector Enterprises.
The role and responsibilities of the Audit Committee include the following:
1) Overseeing the Company's financial reporting process and disclosure of its financial information to ensure that the financial statements are correct, sufficient and credible;
2) Recommending to the Board the fixation of Audit Fees;
3) Approval of payment to Statutory Auditors for any other services rendered by them;
4) Reviewing, with the Management, the Annual Financial Statements and Auditor's Report thereon before submission to the Board for approval, with particular reference to:
a) Matters required to be included in the Directors' Responsibility Statement to be included in the Board's Report in terms of clause (c) of sub-section 3 of Section 134 of the Companies Act, 2013.
b) Changes, if any, in accounting policies and practices and reasons for the same.
c) Major accounting entries involving estimates based on the exercise of judgment by Management.
d) Significant adjustments made in the financial statements arising out of audit findings.
e) Compliance with listing and other legal requirements relating to financial statements.
f) Disclosure of any related party transactions.
g) Qualifications in the draft audit report;
5) Reviewing, with the Management, the quarterly financial statements before submission to the Board for approval;
6) Reviewing, with the Management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document / prospectus / notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the Board to take up steps in this matter;
7) Reviewing and monitoring the auditor's independence and performance, and effectiveness of the audit process;
8) Approval or any subsequent modification of transactions of the Company with related parties;
9) Scrutinizing of inter-corporate loans and investments;
10) Valuation of undertakings or assets of the Company, wherever it is necessary;
11) Evaluating internal financial controls and risk management systems;
12) Reviewing, with the Management, performance of the Statutory and Internal Auditors, and adequacy of the internal control systems;
13) Reviewing the adequacy of the Internal Audit function, if any, including the structure of the Internal Audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit;
14) Discussing with the Internal Auditors any significant findings and follow up thereon;
15) Reviewing the findings of any internal investigations by the Internal Auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board;
16) Discussing with the Statutory Auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern;
17) Looking into the reasons for substantial defaults in the payment to the Depositors, Debenture holders, Members (in case of non-payment of declared dividends) and Creditors;
18) Reviewing the functioning of the Whistle Blower mechanism;
19) Approval of appointment of CFO (i.e., the whole-time Finance Director or any other person heading the finance function or discharging that function) after assessing the qualifications, experience and background, etc. of the candidate;
20) Carrying out any other function as mentioned in the 'Terms of reference' to the Audit Committee. Review of information by Audit Committee:
The Audit Committee shall mandatorily review the following information:
21) Management discussion and analysis of financial condition and results of operations;
22) Statement of significant related party transactions (as defined by the Audit Committee), submitted by management;
23) Management letters / letters of internal control weaknesses issued by the Statutory Auditors;
24) Internal audit reports relating to internal control weaknesses; and
25) The appointment, removal and terms of remuneration of the Chief Internal Auditor shall be subject to review by the Audit Committee.
26) The Audit Committee of the listed holding company shall also review the financial statements, in particular, the investments made by the unlisted subsidiary company.
27) All related party transactions shall require prior approval of the Audit Committee.
28) Whistle blower policy mechanism should also provide for adequate safeguards against victimization of Director(s)/ Employee(s) who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases.
The Chairman of the Audit Committee has attended the last Annual General Meeting held on 18th September, 2014. The Committee at its meetings held on 12th August, 2014, 11th November, 2014 and 13th February, 2015 reviewed the Quarterly/Half Yearly/Year to date Financial Statements as on 30th June 2014, 30th September 2014 and 31st December 2014 respectively. Further, Annual Financial Statements as on 31st March 2015 were reviewed by the Committee at its meeting held on 28th May 2015, before the same were submitted to the Board for approval.
BPCL has presently three unlisted Indian Subsidiary Companies i.e. Numaligarh Refinery Ltd (NRL), Bharat PetroResources Ltd (BPRL) and Bharat PetroResources JPDA Ltd (Wholly owned subsidiary of BPRL) and four Foreign Subsidiaries i.e. BpRl International BV (subsidiary of BPRL), BPRL Ventures BV, BPRL Ventures Mozambique BV and BPRL Ventures Indonesia BV (subsidiaries of BpRl International BV).
These Subsidiary Companies do not fall under the category of 'material non listed Indian subsidiary' as indicated in Clause 49 V of the Listing Agreement and Department of Public Enterprises (DPE) Guidelines on Corporate Governance. Financial Statements of Subsidiary Companies including investments made, if any, are reviewed by the Audit Committee/Board. The performance of the Subsidiary Companies and the minutes of their Board meetings are discussed at the Board meetings of the Company. Any significant transactions or arrangement entered into by the Subsidiary Companies are also reported to the Board of Directors of the Company.
B) Projects Evaluation Committee
The Board has constituted a Projects Evaluation Committee (PEC) on 29th March, 2011 comprising of two Part-time (Independent) Directors, one Part-time (Ex-Offico) Director and Director (Finance), for evaluating and recommending for Board approval, projects costing over Rs. 150 crores.
PEC will evaluate, guide implementation, monitor, review and assess deliverables, provide recommendations and advice to Board for projects costing over Rs. 150 Crores including investments in Subsidiaries / Joint Ventures.
Shri B. Chakrabarti is the Chairman of the Committee and Prof. J. R. Varma, Shri P. Balasubramanian and Shri P H. Kurian were the Members of the Committee as on 31st March, 2015. The Committee was re-constituted on 1st April, 2014 by the induction of Shri P. Balasubramanian, Director (Finance) in place of Shri S. Varadarajan, Chairman & Managing Director (who was also holding additional charge as Director Finance till 31st March, 2014
C) Nomination and Remuneration Committee
The Nomination and Remuneration Committee formulates and review policies related to remuneration/perquisites/ incentives within the parameters of Guidelines issued by the Government of India.
BPCL being a Government Company, appointment/nomination of all the Directors is made by the President of India through the Ministry of Petroleum & Natural Gas including fixation of remuneration of Directors and Employees. The Remuneration Committee comprised three Part-time Directors as Members with Director (Human Resources) and Director (Finance) being invitees. Prof. J.R. Varma is the Chairman of the Committee and Shri B Chakrabarti and Dr. Neeraj Mittal are Members. During the Financial Year 2014-15, one meeting was held on 12th January 2015 which was attended by Prof. J. R. Varma and Shri B. Chakrabarti.
D) Stakeholders' Relationship Committee
The role of the Stakeholders' Relationship Committee is to specifically look into the redressal of grievances of Members, debenture holders and other security holders, including complaints related to transfer of shares, non-receipt of Balance Sheet, non-receipt of declared dividends etc.
The Committee comprises Shri B. Chakrabarti as Chairman and Shri P. Balasubramanian, Director (Finance) as Member. The Committee, at its meeting held on 13th February, 2015 reviewed the services rendered to the Members/ Investors including response to complaints/communications and expressed its satisfaction on the performance of the Investors Relation Department of the Company.
Shri. S.V. Kulkarni, Company Secretary acts as the Compliance Officer for matters related to investor relations.
During the year, 6 complaints were received from investors through SEBI, BSE and NSE which were attended to and resolved on priority basis. One Complaint remained unresolved as on 31st March, 2015 in view of a Court Case.
All valid share transfer requests received during the year were duly processed and approved within the stipulated period. There was no share transfer request in physical form pending as on 31st March, 2015.
E) Corporate Social Responsibility Committee
In compliance with the provisions of Section 135 of the Companies Act, 2013, the Board has re-constituted the Corporate Social Responsibility Committee on 21st July, 2014.
The Committee comprised one Part-time (Independent) Director, Director (Finance) and Director (Human Resources) as Members.
The terms of reference of the Corporate Social Responsibility Committee (CSR) Committee broadly comprises:
1) In every Financial Year, utilizing atleast 2% of average net profits of the Company made during the three immediately preceeding Financial Years towards CSR activities as specified in Schedule VII of the Companies Act, 2013;
2) Providing guidance and suggestions on CSR activities to the CSR role holders and to monitor its progress, bringing greater transparency and experience in the execution of CSR activities of the Company etc.
The Committee comprised Shri B. Chakrabarti as Chairman, and Shri P Balasubramanian, Director (Finance) and Shri S.P Gathoo, Director (Human Resources) as Members. During the Financial Year 2014-15, two meetings were held on 12th November, 2014 and 12th January, 2015 which were attended by all Members.
F) Risk Management Committee
In compliance with the provisions of clause 49 of the Listing Agreement, the Board constituted a 'Risk Management Committee' on 12th November, 2014 comprising Shri B. Chakrabarti as Chairman and Shri J.R. Varma, Independent Director and Shri P. Balasubramanian, Director (F) as Members.
The role and responsibilities of the Risk Management Committee include the following:
1) Review and recommend the risk management plan comprising risks assessed and their mitigation plans, identification of corporate level risks and their mitigation plans for approval of the Board with the recommendation by the Audit Committee;
2) Review and recommend the Risk Management Report consisting of status of risk mitigation plans (including reporting of risks by businesses) to the Audit Committee/Board;
3) Review and recommend the statement to be published in the Board's Report indicating development and implementation of the risk management policy for the Company;
4) Review and recommend any other proposal in relation to Risk Management to be put up to the Audit Committee/ Board.
G) Sustainable Development Committee
During the Financial Year 2014-15, the Board re-constituted the 'Sustainable Development Committee' on 21st July, 2014 comprising Shri B. Chakrabarti as Chairman and Shri K.K. Gupta and Shri B.K. Datta as Members. The terms of reference of the Committee are to oversee, approve, provide budgetary allocation and monitor the projects covered under Sustainable Development projects as part of the business plan of business units. It involves an enduring and balanced approach to environmental responsibilities and includes reviewing of the 'Business Responsibility Report' on a half yearly basis and to place this report to the Board for information on an annual basis. During the Financial Year 2014-15, two meetings were held on 18th September, 2014 and 31st March, 2015 which were attended by all Members.
H) Separate Meeting of Independent Directors:
During the Financial Year 2014-15, a separate meeting of Independent Directors was held on 13th February, 2015 wherein the Independent Directors reviewed various parameters for assessing the quality, quantity and timelines of flow of information between the Company, Management and the Board to effectively and reasonably perform their duties.
4) Remuneration to Directors
BPCL being a Government Company, appointment and remuneration of Whole-Time Directors are determined by the Government through the Ministry of Petroleum & Natural Gas. The Part-time (Ex officio) Directors do not receive any remuneration from the Company. The Part-time (Independent) Directors received sitting fees of Rs. 20,000 for each Board/Audit Committee/other Committee Meetings attended by them during the year 2014-15. Performance Linked Incentives are payable to the Whole-time Functional Directors as employees of the Company as per the policy applicable to all employees of the Company.
) Disclosures and Compliance
Except where the Company has incurred expenses on behalf of joint ventures as co-promoter and the same are recoverable from the joint venture companies, there were no transactions of material nature that may have potential conflict with the interests of the Company at large. The details of 'Related Party Disclosures' are shown in Notes forming part of Accounts.
The designated member of the Audit Committee reviewed the related party transactions and the same were placed before the Audit Committee.
The Company has been adhering to the provisions of the laws and guidelines of regulatory authorities including SEBI, and covenants in the agreements with the Stock Exchanges and Depositories. There was no instance of non-compliance of any provisions of law, guidelines from regulatory authorities and the matters related to capital markets, during the last three years except as stated in the following paragraph:
The Company has complied with all mandatory requirements of Clause 49 of the Listing Agreement and DPE Guidelines on Corporate Governance except provisions relating to the composition of the Board of Directors with respect to the number of Non-Executive Directors, Independent Director and appointment of atleast one Woman Director on the Board as on 31st March, 2015, for which the Government of India is taking necessary action, as the Company is a Government Company.
There are no items of expenditure in the books of accounts, which are not for the purpose of Business. Further no expenses were incurred which were personal in nature and incurred for the Board of Directors and Top Management. Administrative & Office expenses and Financial expenses constitute 0.43% and 0.24% of the total expenses respectively for the Financial Year 2014-15. Reason for decrease in Finance Expenses in Financial Year 2014-15 vis-a-vis Financial Year 2013-14 (from 0.52% to 0.24%) is mainly because of reduction in finance cost. There is a slight increase in Office and Administrative expenses as % of total expenses (from 0.40% to 0.43 %) because of reduction in total expenses.
The Company has fulfilled the following non-mandatory requirements as prescribed in Annexure XIII to Clause 49 of the Listing Agreements with the Stock Exchanges :-
a) Independent Directors appointed by the Government of India have initial tenure not exceeding 3 years. No Independent Director has served in aggregate a period of nine years, on the Board of the Company.
b) The Company has adopted requirements with regard to sending of quarterly/half yearly financial results to the Members of the Company.
c) The Standalone and Consolidated Financial Statements of the Company are unqualified.
CEO/CFO Certification: The Chairman & Managing Director and Director (Finance) have certified to the Board in accordance with Clause 49 V of the Listing Agreement and DPE Guidelines on Corporate Governance for the Financial Year 2014-15.
The Company has also laid down a Risk Management Policy and procedures thereof for periodically informing the Board Members about the risk assessment and procedures for minimizing the risks.
BPCL nominates Directors for relevant training programmes/seminars conducted by reputed Institutions/SCOPE. Further, strategy workshops are held to deliberate strategic issues, policy decisions etc. BPCL has also implemented the Whistle Blower Policy.
7) 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in BPCL' & the 'Code of Conduct to Regulate, Monitor and Report Trading for Prevention of Insider Trading in the Securities of BPCL'.
Pursuant to the requirements of SEBI (Prohibition of Insider Trading) Regulations, 1992 as amended, the Company had earlier adopted the 'Code of Conduct, Procedure and Disclosures for Prevention of Insider Trading in the Securities of Bharat Petroleum Corporation Limited' and 'Code of Corporate Disclosure Practices'. The Company Secretary was the Compliance Officer for implementation of the said Codes.
Consequent to introduction of SEBI (Prohibition of Insider Trading) Regulations, 2015 which replaced the SEBI (Prohibition of Insider Trading) Regulations, 1992, the Company adopted the 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in Bharat Petroleum Corporation Limited' and 'Code of Conduct to Regulate, Monitor and Report Trading for Prevention of Insider Trading in the Securities of Bharat Petroleum Corporation Limited' in the Board meeting held on 13th May, 2015. The Company Secretary has been appointed as the Compliance Officer and Chief Investor Relations Officer for implementation of the said Codes.
8) Means of Communication of Financial Performance
In order to give wider publicity and to reach the Members and other investing public across the nation, the half-yearly and quarterly results were published in various editions of leading newspapers having wide circulation such as The Economic Times, The Times of India, Maharashtra Times etc. Reports on Limited Review of the Financial Results for the quarters ended 30th June 2014, 30th September 2014, 31st December 2014 were obtained from the Auditors of the Company and filed with the Stock Exchanges. The Financial Statements for the first quarter ended June 2014, half year ended September 2014, third quarter ended December 2014, were sent to all Members at their registered addresses/email IDs as the case may be.
Periodic financial performance of the Company is also displayed on the website of the Company at www.bharatpetroleum.in and available on Corporate Filing and Dissemination System www.corpfiling.co.in and the websites of BSE and NSE.
9) Management Discussion & Analysis Report
A detailed chapter on Management Discussion & Analysis is attached to the Directors' Report.
10) Investors' Service Centre
BPCLs Investors' Service Centre (ISC), by Data Software Research Co. Pvt. Ltd., our Registrar & Share Transfer Agents, has been functioning at the Registered Office of the Company at the following address :
Data Software Research Co. Pvt. Ltd. (DSRC) C/o. Bharat Petroleum Corporation Ltd. Tel. No. 022 - 2271 3170 Bharat Bhavan No.1, Ground Floor, 4 & 6 Currimbhoy Road Fax. No. 022 - 2271 3759/ 022-2271 3688 Ballard Estate, PB. No. 688, Mumbai 400 001 Email : firstname.lastname@example.org
This centre has been effectively catering to the needs of the Members/Investors located in western region. It coordinates with DSRC based at Chennai and facilitates our efficient investor complaint redressal mechanism.
For any assistance/information on share related matters such as transfer / transmission of shares, issue of duplicate share certificates, dividend etc., or for redressal of any grievance in this regard, Members / Investors located in western region/other places may get in touch with ISC at the above address.
Further, BPCL has designated an exclusive e-mail ID : email@example.com for the purpose of communication from Members including investor complaints.
11) General Members'/Investors' Information
SEBI has included BPCL shares for compulsory trading in dematerialised form.
Annual General Meeting Date, Time and Venue : : Wednesday, 9th September, 2015, at 10.30 a.m. at Rama and Sundri Watumull Auditorium at Kishinchand Chellaram College, 124, Dinshaw Wacha Road, Churchgate, Mumbai-400 020.
: BPCL follows the Financial Year from April to March. The Unaudited Results/Audited Results for the four quarters were taken on record by the Board and published on the following dates :
Apr-Jun 2014 : 12th Aug 2014 : 13th Aug 2014 Unaudited
Jul -Sep 2014 : 12th Nov 2014 : 14th Nov 2014 Unaudited
Oct-Dec 2014 :13th Feb 2015 : 14th Feb 2015 Unaudited
Jan-Mar 2015 :28th May 2015 : 29th May 2015 Unaudited
Apr-Mar 2015 : 28th May 2015 : 29th May 2015 Audited
Dividend Payment Date: The Board has recommended dividend of ` 22.50/- per equity share of ` 10 each for consideration of the Members at the ensuing Annual General Meeting. If approved by the Members, the same will be paid on or before 22nd September, 2015.
Date of Book Closure : 1st September, 2015 to 9th September, 2015, both days inclusive, for the purpose of determining the names of Members/Beneficial Owners who would be entitled for dividend.
Listing on Stock Exchanges & Security Code
: The Company’s shares are listed on the following Stock Exchanges:
Name of Stock Exchange / Symbol
BSE Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001.
Security Code : 500547
National Stock Exchange of India Ltd.Exchange Plaza, Plot No. C/1 BandraKurla Complex, Bandra (E),Mumbai 400 051.
Security Code : BPCL
The Listing Fees have been paid for the Financial Year 2015-16 to both the above Exchanges.
ISIN Number : For National Securities Depository Ltd(NSDL) & Central : INE029A01011
Depository Services India Ltd (CDSL) for equity shares
Market Price Data : High, low during each month in the last financial year : Please see Annexure I
: Performance in comparison to broad based indices i.e.BSE100 : Please see Annexure II
Registrar and Transfer Agents
: Shri Benjamin Rajaratnam General Manager (Capital Issues Division), Data Software Research Co. Pvt. Ltd. #19, Pycrofts Garden Road, Ph: +91-44-2821 3738 / 2821 4487 Off. Haddows Road, Nungambakkam, Fax: 91-44-2821 4636 Chennai- 600 006 Email : firstname.lastname@example.org
Share Transfer System
: A Committee comprising two Whole-time Directors considers the requests for transfer/ transmission of shares, dematerialisaton of shares etc. A Committee comprising four Directors i.e. two Whole-Time Directors and two Part-time Directors considers requests for issue of share certificates. Transfers in physical form are registered after ascertaining objections, if any, from the transferors; and no valid transfer applications are kept pending beyond the stipulated period of fifteen days. Requests for dematerialization of shares are processed and confirmation is given to the respective depositories viz. NSDL and CDSL within 15 days
Dematerialization of shares and liquidity
After merger of KRL with BPCL, out of the shares held by the Members, 98.89% are held in dematerialised form and balance in physical form as on 31st March, 2015. The Company has not issued any GDRs /ADRs/ Warrants etc.
Mumbai Refinery : Bharat Petroleum Corporation Limited Mahul, Mumbai 400 074
Kochi Refinery : Bharat Petroleum Corporation Limited Ambalamugal, Kochi 682 302
Lubricant Plants : Bharat Petroleum Corporation Limited
Wadilube Installation, Mallet Road, Mumbai – 400 009 Bharat Petroleum Corporation Limited 24, Parganas, Budge – Budge 743 319 Bharat Petroleum Corporation Limited 35, Vaidyanatha Mudali street, Tondiarpet, Chennai-600 081.
Address for Correspondence
The Secretarial Department Bharat Petroleum Corporation Ltd Bharat Bhavan No.I, Ground Floor, 4&6, Currimbhoy Road Ballard Estate, Mumbai 400 001. Tel No. 022 - 2271 3170 / 2271 3435 Fax. No. 022 - 2271 3759/022-2271 3688 Email : email@example.com
General Manager (Capital Issues Division), Data Software Research Co. Pvt. Ltd. #19, Pycrofts Garden Road, Off. Haddows Road, Nungambakkam, Chennai- 600 006 Ph: +91-44-2821 3738 / 2821 4487 Fax: 91-44-2821 4636 Email : firstname.lastname@example.org
Contact details of Debenture Trustee:
8.65% Redeemable Non-Convertible Debentures of the Company for Rs. 700 Crores are listed at WDM segmemt of NSE with ISIN No. INE029A07067 The details of Debenture Trustee for the same is as under: SBICAP Trustee Company Ltd. 3, Dinshaw Wachha Road, Churchgate, Mumbai - 400 020. Tel: 022-4302 5555 Fax: 022-2204 0465 email@example.com