29 Apr 2017 | Livemint.com

Last Updated: Mar 31, 03:42 PM
Huhtamaki PPL Ltd.


  • 237.40 -3.60 (-1.49%)
  • Vol: 4915
  • BSE Code: 509820


  • 239.20 0.00 (0%)
  • Vol: 27270

Huhtamaki PPL Ltd. Accounting Policy


Huhtamaki PPL Limited (HPPL) believes that good Corporate Governance is essential to achieve long term corporate goals and enhance stakeholders’ value. Thus, HPPL’s philosophy on Corporate Governance is aimed at the attainment of highest level of transparency, accountability and compliance of laws in all facets of operations, leading to best standards of Corporate Governance.

It is HPPL’s belief that good ethics make good business sense and our business practices are in keeping with this spirit of maintaining the highest level of ethical standards. The implementation of HPPL’s Code for Prohibition of Insider Trading exemplifies this spirit of good ethics.

The Company complies with the requirements of Corporate Governance as stipulated under of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.


The Directors present the Company’s Report on Corporate Governance for the year ended 31st December, 2015.


The Board of Directors of the Company (hereinafter referred as the Board) currently comprises of a combination of 9 (Nine) Executive and Non-Executive Directors, 2 (Two) being Executive and 7 (Seven) are Non-Executive Directors, 5 (Five) of them being Independent. The Chairman of the Board is an Executive Director and more than half of the Board members are Independent. The composition of the Board is in line with requirement of Regulation 17 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Directors do not have any material pecuniary relationship or transactions with the Company, Promoters or Management, which may affect their judgment in any manner. The Directors are eminently qualified and experienced professionals in business, finance and corporate management.

The policy formulation, evaluation of performance and the control function vests with the Board, while the Board Committees oversee operational issues. The Board meets at least once in a quarter to consider amongst other business, the quarterly performance of the Company and financial results. Directors attending the meetings actively participate in the deliberations at these meetings.

During the year 2015, 14 (Fourteen) Board Meetings were held on 6th February 2015, 17th March 2015, 25th April 2015, 4th May 2015, 7th May 2015, 10th June 2015, 3rd July 2015, 6th August 2015, 13th August 2015, 31st August 2015, 14th September 2015, 6th November 2015, 19th November 2015 and 17th December 2015 with time gap not exceeding 4 months between two such meetings. The Annual General Meeting was held on 7th May 2015.

Information provided to the Board:

The annual calendar of the Board and Committee Meetings is agreed upon at the beginning of the year. The agenda is circulated in advance to the Board members, along with comprehensive background information on the items in the agenda to enable the Board to deliberate on relevant points and arrive at an informed decision. All relevant information related to the working of the Company, including the information required under Part A Schedule II of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is made available to the Board.

Review of legal compliance reports:

The Board periodically reviews the reports placed by the management with respect to compliance of various laws applicable to the Company. The Internal Auditors also review compliance status and reports the same to the Audit Committee.

Relationship between Directors inter-se:

There are no inter-se relationships amongst the Directors.


The Board has constituted various Committees, viz., the Audit Committee, the Stakeholders Relationship Committee, Corporate Social Responsibility Committee, the Nomination & Remuneration Committee and the Share Transfer Committee.

a. Audit Committee

i. The Audit Committee comprises of Two Non-Executive Independent Directors and One Executive Director, all of whom are financially literate and one of them possesses accounting and financial management expertise.

During the Year 2015, 6 (Six) Audit Committee meetings were held on 6th February, 2015, 17th March, 2015, 10th June, 2015, 13th August, 2015, 14th September, 2015 and 6th November, 2015. The time gap between two consecutive meetings of the Audit Committee was not more than four months.

ii. The terms of reference of the Audit Committee are in line with Regulation 18 read with Part C of Schedule II of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 177 of the Companies Act, 2013. The terms of reference of the Audit Committee include the following:

• Recommendation for appointment, remuneration and terms of appointment of Auditors of the Company;

• Approval of remuneration to statutory auditors for any other services rendered by them;

• 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 director’s 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 judgement 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. modified opinion(s) in the draft audit report;

• Reviewing with the management, the quarterly financial statements before submission to the board for approval;

• Reviewing with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, Debenture 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 steps in this matter;

• Reviewing and monitoring the auditor’s independence and performance, and effectiveness of audit process;

• Approval or any subsequent modification of transactions of the listed entity with related parties;

• Scrutiny of inter-corporate loans and investments;

• Valuation of undertakings or assets of the listed entity, wherever it is necessary;

• Evaluation of internal financial controls and risk management systems;

• Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems;

• Reviewing the adequacy of 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;

• Discussion with internal auditors of any significant findings and follow up there on;

• Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any areas of concern;

• To review the functioning of the whistle blower mechanism;

• Approval of appointment of Chief Financial Officer after assessing the qualifications, experience and background, etc. of the candidate;

• Carrying out any other function as per the terms of reference of the audit committee.

• Reviewing MDA of financial condition and results of operations;

The Chairman of the Audit Committee was present at the last Annual General Meeting of the Company held on 7th May, 2015 for addressing the shareholders queries.

The MD, CFO, the Statutory Auditors and the Internal Auditors are invited by the Committee to attend the Audit Committee meetings. Operating Managers are also invited to attend the meetings, as and when required.

The minutes of the Audit Committee meetings are placed before the Board. The Compliance Officer of the Company acts as Secretary to the Audit Committee.

M/s. S R B C & CO LLP, Chartered Accountants, are the Company’s Statutory Auditors. They are responsible for performing an independent audit of the financial statements and expressing an opinion on the conformity of those financial statements with accounting principles generally accepted in India.

b. Stakeholders Relationship Committee

The Committee comprises of Two Non-Executive Independant Directors. During the Year 2015, 3 (Three) Stakeholders Relationship Committee meetings were held on 6th February, 2015, 6th August, 2015 and 6th November, 2015 in which both the Directors were present.

The Company has attended to all the Investor’s grievances / queries / information / requests except for the cases where the Company was constrained due to pending legal proceedings or Court / statutory orders. The Company endeavors to reply to all letters / complaints received from shareholders within a week of receipt of the same.

There were two investor complaints pending at the beginning and at the end of the year. The status of complaints, if any, is also reported to the Board. The Compliance Offi cer and his team along with the Registrar and Share Transfer Agent of the Company address general queries of the shareholders to their satisfaction. Mr. D. V. Iyer, Company Secretary is the Compliance Officer of the Company.

c. Corporate Social Responsibility Committee

The Committee comprises of 3 (Three) members, the Chairman being an Executive Director of the Company.

The Meetings of Corporate Social Responsibility Committee were held on 3rd July, 2015 and 17th December, 2015.

The Committee is primarily responsible for formulating and recommending to the Board of Directors a Corporate Social Responsibility (CSR) Policy and monitoring the same from time to time, amount of expenditure to be incurred on the activities pertaining to CSR and monitoring CSR projects. The Company has adopted CSR policy and same is posted on website of the Company http://www.pplpack.com/assets/hppl_policy_csr.pdf.

d. Nomination and Remuneration Committee

The Nomination and Remuneration Committee comprises of 3 (Three) Independent Directors. The current composition of the Committee and their attendance at the meeting(s) is given hereunder:

During the year Eight meetings of Nomination and Remuneration Committee were held on 6th February, 2015, 17th March, 2015, 10th June, 2015, 6th August, 2015, 13th August, 2015,14th September, 2015, 6th November, 2015 and 17th December, 2015.

The terms of reference of the Nomination and Remuneration Committee are in line with Regulation 19 read with Part D of Schedule II of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 178 of Companies Act, 2013:

1. Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees;

2. Formulation of criteria for evaluation of performance of Independent Directors and the Board of the Directors;

3. Devising a policy on Board Diversity;

4. Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board their appointment and removal; and

5. whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors.

Performance Evaluation of Board, Committees and Individual Directors

The Board has adopted a formal mechanism for evaluating the performance of its Board, Committees & individual Directors, including the Chairman of the Board. Further a structured performance evaluation exercise was carried out based on criteria such as Board/ Committee Compositions, Structure & responsibilities thereof, effectiveness of Board process, participation and contribution by member, information & functioning; Board/ Committee culture & dynamics, degree of fulfillment of key responsibilities, etc.

The performance of Board, Committee thereof, Chairman, Executive & Non- Executive Directors and individual Directors is evaluated by the Board/ separate meetings of Independent Directors. The results of such evaluation are presented to the NRC and Board of Directors.

Remuneration to Executive Directors

The remuneration paid to Mr. Suresh Gupta, Chairman and Mr. A. Venkatrangan, Managing Director for the year 2015 is as under:

d. Share Transfer Committee

The Board of Directors has delegated the powers to approve the transfer of shares to a Share Transfer Committee. The Committee comprises of Mr. Suresh Gupta, Chairman and Mr. A. Venkatrangan, Managing Director.

The meetings of the Share Transfer Committee were held on 12th February, 2015, 3rd March, 2015, 10th March, 2015, 18th March, 2015, 20th March, 2015, 15th April, 2015, 20th April, 2015, 21st May, 2015, 17th June, 2015, 6th July, 2015, 28th July, 2015, 2nd September, 2015, 11th September, 2015, 18th September, 2015, 29th September, 2015, 2nd November, 2015, 18th November, 2015, 25th November, 2015, 15th December, 2015, 17th December, 2015, 23rd December, 2015 and 30th December, 2015.

The report of the Practising Company Secretary on the Reconciliation of Share Capital of the Company as required by SEBI is obtained every quarter and furnished to the Stock Exchanges. The Report is also placed before the Board and noted by them as required under the applicable law.

Share Transfer System

Documents for transfer of shares in physical form can be lodged with Sharepro Services (India) Pvt. Ltd., the R&T Agents of the Company. The Board of Directors has delegated the powers to approve the transfer of shares to Share Transfer Committee. The Committee attends to share transfer formalities at least once in fortnight.

Independent Directors

Meeting of Independent Directors

2 (Two) meetings of Independent Directors as required under Regulation 25 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 were held on 5th November, 2015 and 16th December, 2015.

Familiarisation programme for Independent Directors

The Company had conducted Plant visit of Independent Directors at its Plant located at Thane and at plant of its Wholly- Owned Subsidiary, Positive Packaging Industries Limited at Khopoli, to familiarize them on manufacturing process carried out by the Company. The details of familiarisation programme has been posted on website http://www.pplpack.com/assets/ hppl_policy_for_familiarisation_programme.pdf


Disclosures by Management

The particulars of transactions between the Company and its related parties as per the Accounting Standard are set out in Note 38 forming part of the accounts. These transactions are not likely to have any conflict with the Company’s interest.

All details relating to financial and commercial transactions where Directors may have a potential interest are provided to the Board, and interested Directors neither participate in the discussion, nor do they vote on such matters.

CEO / CFO Certification

Mr. A. Venkatrangan, Managing Director & Mr. Parag Vyavahare, Chief Financial Offi cer, have issued necessary certification to the Board in terms of Schedule II Part B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same was taken on record by the Board at its meeting held on 16th February, 2016.

A copy of this certificate is provided as Annexure A to this report.

Code of Conduct

As required under, Regulation 17 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has laid down Code of Conduct for Directors and Senior Management Personnel of the Company. The same has been posted on the Company’s website http://www.pplpack.com/assets/hppl-codeof- conduct.pdf. The Company has received affirmation of compliance from Directors & Senior Managerial Personnel of the Company for the financial year ended 31st December, 2015. A declaration to this effect signed by the Managing Director of the Company is provided as Annexure B to this report.


Disclosures regarding appointment or re-appointment of Directors

A. Pursuant to the Articles of Association of the Company, at every Annual General Meeting of the Company, one-third of the directors, whose office is subject to retirement, are liable to retire.

Mr. Jukka Moisio being longest in office shall retire by rotation at the ensuing Annual General Meeting, and being eligible has offered himself for re-appointment.

Mr. Olli Koponen who was appointed as Additional Director w.e.f. 17th December, 2015 has offered himself for re-appointment at ensuing Annual General Meeting. The Company has received notice from a Shareholder proposing his candidature for the said re-appointment.

B. The brief resume of the above-mentioned Director is as under:

Mr. Jukka Moisio holds a Masters Degree in Science (Economics) and also has a Masters in Business Administration (MBA). He has worked with Ahlstrom Corp (1991-2008) before joining Huhtamaki Oyj in the year 2008. Currently, he holds the position of CEO and Chairman of Group Executive Team of Huhtamaki Oyj. He has been nominated as Director by Huhtavefa B.V. on HPPL Board w.e.f. 23rd April 2008.

Mr. Olli Koponen holds a Masters Degree in Engineering Automation and Information Technology. He has worked previously with Systecon Oy before joining Huhtamaki Oyj in the year 1990 and presently holds the position of Executive Vice President, Flexible Packaging. Based on the nomination received from Huhtavefa B V, he has been appointed as Additional Director on the Board of the Company w.e.f. 17th December, 2015.

Means of Communication

The Company has always promptly reported to all the Stock Exchanges where the securities of the Company are listed, all the material information including declaration of quarterly / half-yearly and annual financial results in the prescribed formats and through press releases etc.

The financial results and other statutory information are communicated to the shareholders by way of advertisement in

“Business Standard” and “Sakal”. The said results are also made available on the Company’s website: www.pplpack.com.

The Official press releases, Company information, Annual Reports and the extracts of media coverage are also displayed on the Company’s website.

As the financial results are published in leading newspapers as well as hosted on the Company’s website, the results are not sent to the households of individual shareholders.

Disclosures of materially significant related party transactions

Transactions with related parties, as per requirements of Accounting Standard 18 are disclosed in notes to accounts annexed to the financial statement of Annual Report of the Company for year 2015. The Company has adopted policy on Related Party Transactions. The same is posted on website of the Company at http://www.pplpack.com/assets/hppl_policy_relpartytrans.pdf

Insider Trading Regulations

The Company has notified and adopted the HPPL Code of Conduct for prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information made pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The Compliance Officer is responsible with compliance under these Regulations. The said HPPL Code of Conduct for prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information is published on the website of the Company


Details of capital market related non-compliance, if any

The Company has paid a penalty of R 5,78,007/- levied by BSE Ltd and National Stock Exchange of India Limited for non- Compliance of the erstwhile Clause 41 of the Listing Agreement, with respect to delay in filing of Unaudited quarterly financial results for quarter ended 31st March, 2015. This was due to delay in finalization of consolidated results of the Company due to migration issues in ERP Systems undertaken by Positive Packaging Industries Limited, wholly owned subsidiary, acquired by the Company on 30th January, 2015. The Company had submitted the Consolidated results on 10th June, 2015. Other than the aforesaid non-compliance, there has been no non-compliance by the Company of any legal requirements during the last three years; nor has there been any penalty, strictures imposed on the Company by any stock exchange, SEBI or any statutory authority on any matter related to capital markets pertaining to this period.

Risk Management

The Company has in place a mechanism to inform Board Members about the Risk Assessment and Minimization procedures and periodical reviews to ensure that risk is controlled by the Executive Management.

Whistle Blower Policy/ Vigil Mechanism

The Company has adopted a Whistle Blower Policy for Prevention, Detection and Investigation of Frauds and Protection of Whistleblowers. The same has been posted on the Company’s website http://www.pplpack.com/assets/hppl_policy_ whistleblower.pdf. The Whistle Blower Policy broadly covers a detailed process for reporting, handling and investigation of fraudulent activities and providing necessary protection to the employees who report such fraudulent activities/ unethical behaviour. No personnel have been denied access to the Audit Committee to seek redressal of his/her grievances.

Material Subsidiary Policy

The Company has adopted Policy for Determination of Material Subsidiary and the same has been posted on the Company’s website http://www.pplpack.com/assets/hppl_policy_material_subs.pdf. As on date, Company has one Material Subsidiary i.e Positive Packaging Industries Limited. The Company has complied with the requirements mentioned in Regulation 24 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Adoption/Non-adoption of Non-Mandatory Requirements of Regulation 27 read with Part E of Schedule II of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

• The Chairman of the Company is an Executive Director;

• The Company does not send Half-yearly financial performance to each household of shareholders, as it is displayed on the Company’s website;

• The Audit qualifications if any are displayed in the financial reports of the Company. There are no audit qualifications for the year under review;

• The Company has appointed M/s Aneja & Associates, Chartered Accountants as the Internal Auditors. The Internal Audit Report is presented to the Audit Committee and representative of Internal Auditor replies the questions of Audit Committee members; and

• The Company has separated the post of Managing Director and Chairman.


C. POSTAL BALLOT – The Company had by Postal ballot sought approval of shareholders by ordinary resolution, for re-appointment of Non-Executive Independent Directors namely Mr. Arunkumar Gandhi, Mr. Ramesh K. Dhir, Mr. S. K.

Palekar, Mr. P. V. Narayanan and Mr. Nripjit Singh Chawla for period of two years w.e.f 31st March, 2015. The same were duly approved. The Company had appointed Mr. S. N. Ananthasubramanian of S.N. ANANTHASUBRAMANIAN & Co., Practising Company Secretaries, as Scrutinizer for conducting this Postal Ballot.


Details of ensuing Annual General Meeting

Day & Date Time Venue

10th May, 2016 4.00 PM

Rama Watumull Auditorium, Kishinchand Chellaram College, Dinshaw Wacha Road, Churchgate, Mumbai – 400 020

Financial Calendar:

Financial Year: Calendar Year (1st January to 31st December)

Schedule of the Board Meetings for declaration of Financial Results (tentative and subject to change):

Quarter ending Date of Board Meetings

March, 2016 10th May, 2016 (Tuesday)

June, 2016 9th August, 2016 (Tuesday)

September, 2016 8th November, 2016 (Tuesday)

December, 2016 Second week of February, 2017

Book Closure Date

Pursuant to Section 91 of the Companies Act, 2013, the Register of Members will remain closed from Friday, 29th April, 2016 to Tuesday, 10th May, 2016 (both days inclusive).

Dividend Payment Date

Dividend at the rate of R 2.80 per share has been recommended by the Board and is subject to the approval of shareholders at the ensuing AGM, the same will be paid on or before 15th May, 2016:

a. to all those beneficial owners holding shares in electronic form, as per the ownership data made available to the company by National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as of the end-of-the-day on 28th April, 2016; and

b. To all those shareholders holding shares in physical form, after giving effect to all the valid share transfers lodged with the company on or before the closing hours on 28th April, 2016

Listing of Shares on Stock Exchanges

The Company’s shares are listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) and Non- Convertible Debentures (NCD) on National Stock Exchange of India Limited (NSE). The details of the same are as follows:

Stock Exchange Type of Security Stock Code/Symbol

BSE Limited (BSE) Equity 509820

The National Stock Exchange of India Limited (NSE) Equity PAPERPROD

The National Stock Exchange of India Limited (NSE) Debentures HPPL20

The ISIN of Company’s equity shares is INE275B01026 and the ISIN of Company’s NCD’s is INE275B08013.

Annual Listing fees for 12 months ended 31st March, 2016 have been paid to BSE and NSE.

Company Identification Number (CIN)

All forms, returns, balance sheets, charges, if any and all other documents, papers etc. filed by the Company with the Registrar of Companies are available for inspection on the official website of MCA www.mca.gov.in , under the Company Identification

Number (CIN): L21011MH1950FLC145537.


As required under Schedule V Part E of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Auditor’s Certificate regarding the compliance of provisions of the Corporate Governance norms is attached with this report.


No pledge has been created over the Equity Shares held by the Promoters and/or Promoter Group Shareholders as on 31st December, 2015.


At present, 98.55% of the Company’s shares including all the shares held by the Promoters are held in electronic form and the Company’s shares can only be traded in compulsory demat segment in the stock exchanges where it is listed.


The Company has not issued any ADR, GDR or Warrants and there are no Convertible instruments outstanding and hence there is no likely impact on equity.


The Company has not obtained any public funding in the last three years.


To avoid risk of loss / interception of dividend warrants in postal transit and / or fraudulent encashment, shareholders are requested to avail of the ECS facility where dividends are directly credited in electronic form to their respective bank accounts.

This also ensures faster credit of dividend. Shareholders who desire receipt of their dividend through ECS can obtain the form from the Registrar & Transfer Agent of the Company.

Shareholders may also submit their bank details to Registrar and Transfer Agent. This will enable the Company to incorporate this information on dividend warrants to minimize the risk of fraudulent encashment.


All correspondence may please be addressed to the Registrar and Transfer Agent, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at the address given below.

In case any shareholder is not satisfied with the response or do not get any response within reasonable period from the Registrar and Transfer Agent, they may approach the Compliance Officer at the Registered Office of the Company or email their queries/ grievances to investor.communication@pplpack.com.

Registered Office:

Registered & Corporate Office:

Huhtamaki PPL Ltd.

Unit No.12A-06, 13th Floor Parinee Crescenzo Nos. C-38 & C-39, G Block, Behind MCA, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051

Tel: +91 22 6174 0400 Fax: +91 22 6174 0400

Website: www.pplpack.com  


Registrar and Transfer Agent (RTA)

(For Shares and Non-Convertible Debentures)

Sharepro Services (India) Pvt. Ltd.

Sakinaka Telephone Exchange Lane Off Andheri- Kurla Road Sakinaka, Andheri East  Mumbai - 400 072

Tel: + 91 22 6772 0300 / 6772 0351/2/3 Fax: + 91 22 2837 5646

Website: www.shareproservices.com  Email: sharepro@shareproservices.com  


Mr. D. V. Iyer Company Secretary is the Compliance Officer of the Company.


Registered & Corporate Office: Unit No.12A-06, 13th Floor, Parinee Crescenzo, and Plot Nos C-38 & C-39 G Block, Behind MCA, Bandra Kurla Complex, Bandra (East) Mumbai -400051

Central Headquarters:

L.B.S. Marg, Majiwade, Thane (Maharashtra) – 400601


Thane L.B.S. Marg, Majiwade, Thane (Maharashtra) – 400601

Silvassa Survey No. 33/1, At Post Umerkoi, Via Silvassa, U. T. of Dadra & Nagar Haveli – 396230

Hyderabad Plot No.139 & 148, Sri Venkateshwara Co-op. Industrial Estate, Bollarum, Medak District (Telangana) - 502325

Rudrapur Plot No. 70-73, Sector 4, IIE Pantnagar, Rudrapur, Udhamsingh Nagar (Uttarakhand) - 263153

Gava Unit Khasra No 43/1/1, Village - Rampura Tehsil Kichha, Gava Rice Mill Compound, Dist. Udham Singh Nagar, Rudrapur - 263153., Uttarakhand, India Tel: +91 05944 250183/84 Fax: + 91 05944250186