REPORT ON CORPORATE GOVERNANCE
Corporate Governance and Company's Philosophy on Corporate Governance
Corporate Governance is the application of best management practices, compliance with law in both letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of the stakeholder.
Your Company believes that the fundamental objective of Corporate Governance is to maximize shareholders value legally, ethically and on a sustainable basis, while ensuring fairness to every stakeholder of the Company. The Company has a consistent policy of good Corporate Governance upholding highest level of transparency in dissemination to Shareholders, customers, creditors, employees, associates or the state.
The Company is fully compliant with the mandatory requirements of Clause 49 of the Listing Agreements formulated by Securities & Exchange Board of India (SEBI).
1 BOARD OF DIRECTORS
The Board evaluates Strategic direction of the Company, management policies, performance objectives and effectiveness of Corporate Governance practices. The Board members possess requisite skills, experience and expertise required to take decisions, which are in the best interest of the Company.
a) Composition of the Board
The Board of Directors is duly constituted pursuant to the provisions of Section 149 of the Companies Act, 2013 and Clause 49 of the Listing Agreement.
The composition of Board of Directors of the Company is in conformity with the requirements of Clause 49 of the Listing Agreement and has an optimum combination of Executive, Non-Executive and Independent Directors.
The Board of Directors of the Company consists of six (6) Directors, of whom 1 (one) is Executive Director and 5 (Five) are Non-Executive Director. Out of these, there are 2 (two) woman directors on the Board. Among the Non-Executive Directors, 2 (two) are Independent Directors.
b) Board Meetings
During the financial year 2014-15, the Board met eight times on May 30, 2014, July 30, 2014, August 25, 2014, September 23, 2014, October 31, 2014, January 15, 2015, January 30, 2015 and March 31, 2015. The necessary quorum was present for all meetings.
The details relating to composition and categories of the Directors on the Board, their attendance at the Board and Annual General Meeting and also the number of Directorships and Committee memberships/Chairmanships held by them in other Indian Public Companies as on March 31, 2015 are as follows:
• Private Limited Companies, companies under Section 8 and foreign Companies as defined under the Companies Act, 2013 are excluded for the purpose.
• Only Audit Committee and Shareholder's/Investor's Grievance Committee of Indian Public Limited Companies are considered for the purpose of committee positions as per listing agreement.
• As mandated by Clause 49, none of the Directors are members of more than ten Board level Committees or are they Chairman of more than five Committees in which they are members.
• The Independence of a Director is determined by the criteria stipulated under Clause 49 of the Listing Agreement & Section 149(6) of the Act.
• No directors of the Company are holding position of Independent Director in more than seven listed companies.
c) Disclosure regarding appointment or re-appointment of Directors
Pursuant to the provisions of Companies Act, 2013, Mr. Shivinder Mohan Singh retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.
Mr. Anuj Chowdhry resigned and ceased to be Directors of the Company effective from May 11, 2015.
On May 29, 2015, Mr. Ravi Sikka has been co-opted as Additional (Non-Executive Independent) Director. Mr. Ravi Sikka holds office till the conclusion of the ensuing Annual General Meeting. A profile of Mr. Ravi Sikka has been provided in the notice convening the ensuing Annual General Meeting
e) Meeting of Independent Directors
During the year, one meeting of Independent Directors was held to review the performance of the Board as a whole on parameters of effectiveness and to access the quality, quantity and timeliness of flow of information between the management and the Board.
Both the independent Directors were present at the meeting.
f) Familiarisation Programme
Independent Directors of the Company are made aware of their role, rights and responsibilities at the time of their appointment, through a formal letter of appointment, which also stipulates various terms and conditions of their engagement.
All Directors of the Company are updated as and when required of their role, responsibilities and liabilities.
g) Performance Evaluation of Directors
Performance evaluation of each Director was carried out based on criteria as laid down by the Nomination and Remuneration Committee.
Criterial for performance evaluation included aspects such as attendance at the meetings, participation and independence during the meetings, interaction with management, role and accountability, knowledge and proficiency.
2. COMMITTEES OF THE BOARD
In terms of Clause 49 of the Listing Agreement and Companies Act, 2013, the Board has formed Four Committees viz. Audit Committee, Stakeholders' Relationship Committee (formerly Shareholders' /Investors' Grievance and Share Transfer Committee), Nomination and Remuneration (Formerly Remuneration Committee) and Corporate Social Responsibility Committee.
Additionally the Company has Risk Management Committee and Asset Liability Management Committee, formed in compliance with RBI Guidelines on Corporate Governance.
Details of the role and composition of Board Committees constituted as per requirements of Clause 49 of the Listing Agreement and the Companies Act, 2013, including number of meetings held during the financial year and attendance thereat are provided below:
a) Audit Committee
The composition of the Committee meets the requirements of Section 177 of the Companies Act,2013 and Clause 49 of the Listing Agreement. The Chairman of the Committee is an Independent Director. The Company Secretary of the Company acts as the Secretary of the Committee. All the members of the Committee have the ability to read and understand the Financial Statements.
Terms of Reference
The terms of reference of Audit Committee include the matters specified under Clause 49(III) of the Listing Agreement as well as those specified in Section 177 of the Companies Act, 2013 and , inter alia, includes the following:
i. Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
ii. Recommendation for appointment, remuneration and terms of appointment of auditors of the Company;
iii. Approval of payment to statutory auditors for any other services rendered by the statutory auditors;
iv. 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
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
v. Reviewing, with the management, the quarterly financial statements before submission to the board for approval;
vi. 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;
vii. Review and monitor the auditor's independence and performance, and effectiveness of audit process;
viii. Approval or any subsequent modification of transactions of the company with related parties;
ix. Scrutiny of inter-corporate loans and investments;
x. Valuation of undertakings or assets of the company, wherever it is necessary;
xi. Evaluation of internal financial controls and risk management systems;
xii. Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems;
xiii. 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;
xiv. Discussion with internal auditors of any significant findings and follow up there on;
xv. 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;
xvi. Discussion with 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;
xvii. To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors;
xviii.To review the functioning of the Whistle Blower mechanism;
xix. 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;
xx. Such other role/functions as may be specifically referred to the Committee by the Board of Directors and /or other Committees of the Directors of the Company and as specified in the listing agreement.
b) Nomination and Remuneration Committee
In accordance with the provisions of Section 178 of the Companies Act, 2013 and requirements of Clause 49 of the Listing Agreement, the erstwhile Remuneration Committee was reconstituted as Nomination and Remuneration Committee by the Board of Directors at its meeting held on May 30, 2014.
As on March 31, 2015 the Nomination and Remuneration Committee comprised of the following members
Terms of Reference
The terms of reference of Nomination and Remuneration Committee, inter alia, includes the following:
i. Formulation of the criteria for determing 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;
ii. Formulation of criteria for evaluation of Independent Directors and the Board;
iii. Devising a policy on Board diversity;
iv. 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;
v. Such other matters as may from time to time be required by any statutory, contractual or other regulatory requirements to be attended by the Committee or as may be specifically referred to the Committee by the Board of Directors of the Company or mentioned in the Listing Agreement.
a) Director appointment and Remuneration Policy
b) KMP's appointment and Remuneration Policy
c) Employees' Remuneration Policy
d) Senior Management Succession Policy
e) Training Policy for Independent Directors
f) Board Performance Evaluation Policy
g) Directors' Policy for fit and Proper Criteria
The remuneration policy of the Company is aimed at rewarding the performance, based on review of achievements on a regular basis and is in consonance with the existing industry practice. The Directors' remuneration policy of your Company conforms to the provisions of Companies Act, 2013.
The key components of the Company's Remuneration Policy for the Board Members are:
• Compensation will be based on credentials and the major driver of performance.
• Compensation will be competitive and benchmarked with industry practice.
• Compensation will be fully transparent and tax compliant.
The NRC determines the criteria of appointment to the Board and is vested with the authority to identify candidates for appointment to the Board of Directors. The NRC along with the Board, on continuous basis will review appropriate skills, characteristics and experience required of the Board as a whole and its individual members.
In evaluating the suitability of individual Board Member ,the NRC will take into account multiple factors, including general understanding of the business ,education, professional background ,personal achievements etc. Few important criteria against which each prospective candidate will also be evaluated are personal and professional ethics, integrity and values. He/She should be willing to devote sufficient time and effort in carrying out their duties and responsibilities effectively and must have aptitude to critically evaluate management's working as a part of a team.
The NRC will evaluate each prospective candidate with the objective of having a group that best ensembles the success of the Company's business. Based on the recommendation of the NRC,the Board will evaluate the candidate(s) and decide on the selection of the appropriate member.
The NRC also determines the criteria of appointment of KMPs and is vested with the authority to identify candidates for appointment as KMPs. The HR will identify candidates and will propose to the NRC for its approval to proceed with the appointment. Thereafter, the NRC will propose the candidature to the Board for its approval for appointment.
The remuneration of Executive / Non-Executive Directors is governed by the external competitive environment, track record, potential, individual performance and performance of the Company as well as industry standards and decided by NRC in accordance of abovementioned policies. NRC conducts a review of director compensation on a periodic basis to ensure directors of the Company are compensated effectively in a manner consistent with the strategy of the Company and to further ensure that the Company will be able to attract, retain and reward those who contribute to the success of the Company.
Remuneration to Non-Executive Directors
Presently, the Non-Executive Directors do not receive any remuneration from the Company and are not paid any sitting fees for attending the meeting of the Board and committee(s) thereof.
Remuneration to Executive Director
The remuneration paid/payable to the Managing Director is, as recommended by the Nomination and Remuneration Committee, decided by the Board and approved by the Shareholders and Central Government, wherever required. The details of remuneration paid to Managing Director during the financial year 2014-15 are given below:
) Stakeholders' Relationship Committee
In accordance with the provisions of Section 178 of the Companies Act, 2013 and requirements of Clause 49 of the Listing Agreement, the erstwhile Shareholders'/Investors' Grievance and Share Transfer Committee was reconstituted as Stakeholders' Relationship Committee by the Board of Directors at its meeting held on May 30, 2014.
Terms of Reference
The terms of reference of Stakeholders' Relationship Committee Nomination and Remuneration Committee, inter alia, includes the following:
i. Overseeing and reviewing all matters connected with securities of the Company
ii.Redressal of Shareholders' /Investors'/ Debenture holders'/other security holders complaints /queries relating to transfer /transmission /consolidation/ splitting of shares, non-receipt of Balance Sheet, dividend etc.
iii. Overseeing the performance of the Registrar and Transfer Agent of the Company and recommend measures for overall improvement in the quality of Investor Services.
iv. Such other role /functions as may be specifically referred to the Committee by the Board of Directors and /or other committees of Directors of the Company or mentioned in the Listing Agreement."
vi. Formulation of the criteria for determing 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;
vii. Formulation of criteria for evaluation of Independent Directors and the Board;
viii. Devising a policy on Board diversity;
ix. 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;
x. Such other matters as may from time to time be required by any statutory, contractual or other regulatory requirements to be attended by the Committee or as may be specifically referred to the Committee by the Board of Directors of the Company or mentioned in the Listing Agreement.
The Company has no complaint outstanding as on April 01, 2015 and received Nil complaints during the year ended 31st March, 2015 and all complaints were resolved to the satisfaction of shareholders. There were no complaints outstanding as on March 31, 2015.
The Company Secretary acts as the Secretary of the Stakeholders' Relationship Committee and the Compliance Officer pursuant to Clause 47(a) of the Listing Agreement with the Stock Exchange(s).
Meetings of Stakeholders' Relationship Committee and attendance during the year:
During the financial year 2014-15, Four (4) Meetings of Stakeholders' Relationship Committee meetings were held on April 15, 2014, July 21, 2014, October 10, 2014 and January 30, 2015.
The Broad terms of reference of the Committee are as follows:
a. To formulate and recommend to the Board, a CSR policy which shall indicate the activities to be undertaken by the Company as per the Companies Act, 2013;
b. To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the company;
c. To monitor the CSR policy of the Company from time to time;
3. SUBSIDIARY COMPANIES
The Audit Committee reviews the financial statements and the investments made by the subsidiary companies. The minutes of the Board meetings as well as the statement of signinficant transactions and arrangements entered into by the subsidiaries, if any, are placed before the Board of Directors of the Company from time to time.
The Company does not have any material non-listed indian subsidiary Company.
The Company has a policy for determining 'material subsidiaries' which is disclosed on its website and can be accessed through the link <http://oscarinvestments.org/pdf/Policy-on-Subsidiaries.pdf>
a) Related Party Transactions
All the transactions entered into with related parties as defined under the Companies Act, 2013 and Clause 49 of the Listing Agreement during the financial year were in the ordinary course of business and at an arm's length pricing basis and do not attract the provisions of Section 188 of the Companies Act, 2013.
The required statements / disclosures with respect to the related party transactions, if any, as prescribed in the Listing Agreement, are placed before the Audit Committee on regular basis. Further, the details of all material transactions with related parties are also disclosed quarterly along with the compliance report on corporate governance.
The Company has formulated a policy relating to the dealing with Related Party Transactions. Same is also uploaded on the website of the company and can be accessed through the link <http://www.oscarinvestments.org/pdf/Oscar-RPT-Policy.pdf>
b) Disclosure of Accounting Treatment in preparation of Financial Statements
The Company has followed the guidelines of Accounting Standards laid down by the Institute of Chartered Accountants of India (ICAI) in the preparation of its financial statements.
c) Management Discussion and Analysis Report
The Management Discussion and Analysis Report forms part of the Directors' Report.
d) Details of Non-Compliance by the Company
The Company has complied with all the requirements of the Listing Agreement of the Stock Exchange as well as regulations and guidelines issued by SEBI. Hence, neither any penalty nor any stricture has been imposed by SEBI, Stock Exchange or any other Statutory Authority on any matter relating to capital markets, during the last three year.
e) Vigil Mechanism/Whistle-Blower Policy
The Company promotes ethical behaviour in all its business activities and has put in place a mechanism in the form of Whistle Blower Policy ("Policy or Mechanism") of reporting illegal or unethical behaviour, actual or suspected fraud or violation of the Company's code of conduct. Through this Policy, the Company seeks to provide a procedure for all the employees and Directors of the Company to report concerns about unethical and improper practice taking place in the Company and 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 Company has adopted a Whistle Blower Policy in line with the requirements laid down under Companies Act, 2013 and Clause 49 of the Listing Agreement. The same is also uploaded on the website of the Company and can be accessed through the link <http://oscarinvestments.org/pdf/Whistle-Blower-Policy.pdf>. It is hereby confirmed that no personnel has been denied access to the Audit Committee.
f) Details of compliance with mandatory requirements
The Company has fully complied with the mandatory requirements of Clause 49 of the Listing Agreement of the Stock Exchange. The Company has submitted the Quarterly Compliance reports to the Stock Exchange within the prescribed time limit.
M/s S. R. Bagai & Co., Statutory Auditors of the Company, have certified that the Company has complied with the mandatory requirements of Corporate Governance as stipulated in Clause 49 of the Listing Agreement.
g) Declaration on Code of Conduct
The Board of Directors has adopted the Code of Conduct for Members of the Board and for Senior Management personnel. The Code lays down, in detail, the standards of business conduct, ethics and governance.
The Code has been circulated to all the Members of the Board and Senior Management personnel. Compliance has been affirmed by all of them. A declaration signed by the Managing Director to this effect is given at the end of this Report.
h) Details of adoption of non-mandatory requirements
The Company has complied with and adopted the following non-mandatory requirements of Clause 49 of the Listing Agreement:
(1) Audit Qualifications
The Company believes in maintaining its accounts in a transparent manner and aims at receiving unqualified report of auditors on the financial statements of the Company. There are no audit qualifications in the Company's financial statements for the financial year under reference.
(2) Reporting of Internal Auditor
The Internal Auditors reports to the Audit Committee.
6. MEANS OF COMMUNICATION
a) Quarterly Results: The quarterly financial results are generally published in one English Daily and in one Regional Newspaper.
b) Website: The quarterly, half yearly and annual financial statements are posted on the Company's website viz.www.oscarinvestments.org
c) Intimation to the Stock Exchanges: The Company intimates the Stock Exchange all price sensitive information or such other matter which in its opinion are material and of relevance to the Investors.
d) BSE Corporate Compliance & Listing Centre (the 'Listing Centre'): BSE's Listing Centre is a web-based application designed for corporates. All periodical compliance filings like shareholding pattern, corporate governance report, media releases, among others are also filed electronically on the Listing Centre.
e) SEBI Complaints Redress System (SCORES): The investor complaints are processed in a centralised web-based complaints redress system. The salient features of this system are: Centralised database of all complaints, online upload of Action Taken Reports (ATRs) by concerned companies and online viewing by investors of actions taken on the complaint and its current status
7. GENERAL SHAREHOLDERS' INFORMATION
i) Annual General Meeting
Date : September 30, 2015
Time : 11.00 A.M.
Venue : 54, Janpath, New Delhi - 110001
As required under Clause 49(VIII)(E)(1) of the Listing Agreement entered into with the Stock Exchanges, particulars of directors seeking appointment/re-appointment at the forthcoming AGM are given in the Annexure to the notice of the AGM to be held on September 30, 2015.
ii) The Financial Year of the Company is starting from April 01 and ending on March 31 of next year
iii) Financial Calendar for the year 2015-16
Declaration of Results for the Quarter ending on June 30,2015 : August 14,2015
2. Declaration of Results for the Quarter ending on September 30,2015 : November 14,2015
3. Declaration of Results for the Quarter ending on December 31,2015 : February 14,2015
4. Declaration of Results for the Quarter ending on March 31,2016 : May 15,2016*
5. Annual General Meeting for the year ending March 31,2016 : On or before 30th September,2016
*As provided in Clause 41 of Listing Agreement, Board may also consider submission of Audited Financial Results for the year 2015-16 in lieu of Unaudited Financial Results for the fourth quarter,on or before May 30, 2016 (or such other period as may be stipulated from time to time.)
iv) Date of Book Closure
The date of book closure is from Wednesday, September 23, 2015 to Tuesday, September 29, 2015 inclusive of both days.
v) Listing on Stock Exchange
The Equity Shares of the Company are listed on Bombay Stock Exchange (BSE) and Delhi Stock Exchange (DSE). The Company confirms that it has paid annual listing fees due to the above Stock Exchanges and there are no outstanding payment as on date.
vi) Scrip Code
Scrip Code 501179 (BSE)
Scrip ID Oscar
ISIN No.INE 221D01018 (with NSDL and CDSL)
vii) Stock Market price for the year
The market price of the equity shares of OIL during the period under review on the BSE was highest on September 12, 2014 at Rs. 330.30 per share and was the lowest on April 4, 2014 at Rs. 179.05 per share. The Equity Shares of the Company were not traded on Delhi Stock Exchange.
ix) Registrar & Transfer Agents
The details of Registrar & Share Transfer Agents of the Company are as follows:
Link Intime India Pvt. Limited
44 Community Centre, 2nd Floor Naraina Industrial Area Phase- I Near PVR Naraina New Delhi - 110028 Phone: 011-41410592/93/94 Fax: 011-41410591 Email :firstname.lastname@example.org
x) Share Transfer System
96.95 % of the Equity Shares of the Company are in electronic form. Transfer of these shares is done through the depositories with no involvement of the Company. As regards, transfer of shares in physical form, the transfer documents can be lodged with Link Intime India Private Limited, the Registrar and Share Transfer Agent of the Company. All Share Transfers are completed within statutory time limit from the date of receipt, provided documents meet the stipulated requirement of statutory provisions in all respects. All Share Transfer and other communications regarding Share Certificates, change of address, dividends, etc. should be addressed to Registrar and Transfer Agents.
xiii) Dematerlisation of Shares
The Equity Shares of the Company are in compulsory demat mode. As on March Shares 31, 2015, 16753886constituting over 96.95% of Equity Share Capital of the Company were held indematerialised form
xiv Outstanding GDRs/ADRs/Warrants/Options
There are no outstanding ADRs or GDRs or Warrants or Convertible instruments.
Details of public funding obtained in the last three years
xv) The Company has not obtained any public funding in the last three years.
xvi) Code of Conduct
The Company has in place separate Code of Conducts applicable to the Board Members and the Senior Management Personnel of the Company.
All the Board Members and the Senior Management Personnel have affirmed compliance with the Code of Conduct for the financial year ended March 31, 2015.
xvii) Procedure for fair disclosure of Unpublished Price Sensitive Information and Prevention of Insider Trading
In Compliance with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, THE Company has adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ("Fair Disclosure Code") and Code of Conduct for Prevention of Insider Trading
("Insider Code") with a view to deal with Unpublished Price Sensitive Information and trading in securities by Directors, employees of the Company, Designated Employees and Connected Persons. The Company Secretary is Compliance Officer for the purpose of Insider Code and Chief Investor Relations Officer for the purpose of Fair Disclosure Code respectively. Both the Codes have been uploaded on the website of the Company i.e. www.oscarinvestments.org
xviii)Reconciliation of Share Capital Audit
The Reconciliation of Share Capital Audit as stipulated under Regulation 55A of SEBI (Depositories and Participants) Regulations, 1996 was carried out by a Practicing Company Secretary for each of the quarter in the financial year 2014-15 to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and total issued and listed capital. The audit reports confirm that the total issued/paid up capital is in agreement with the total number of shares in physical form and the total number of dematerialized shares held with the depositories. The Audit Report for each quarter of the Financial Year ended March 31, 2015 has been filed with Stock Exchanges within one month of end of the respective quarter.
xix) Address for Correspondence
For any assistance regarding rematerializing of shares, share transfers, transmissions, change of address, non-receipt of annual report or any other query relating to shares, please write to:
1. The Compliance Officer/Company Secretary Oscar Investments Limited CIN L65999DL1978PLC099476
54 Janpath, New Delhi - 110 001 Phone :011-40188100 Fax :011-40188151 Email : email@example.com
2. Link Intime India Pvt. Limited
44 Community Centre, 2nd Floor Naraina Industrial Area Phase- I Near PVR Naraina New Delhi - 110028 Phone: 011-41410592/93/94 Fax: 011-41410591 Email : firstname.lastname@example.org
xx) Green Initiative
In order to save the precious forest, preserve the natural resources of the Company and to help your Company to save on cost, the Company requests your support in this context and Members who have not registered their e-mail address(es), so far, are requested to register their e-mail address(es), in respect of electronic holdings with the Depository through their concerned Depository Participants. The e-communication registration form is also available on the website of the Company. Members who hold shares in physical form are requested to register their e-mail address(es) by writing to M/s Link Intime India Private Limited, 44 Community Centre, 2nd Floor, Naraina Industrial Area, Phase-I, New Delhi-110028 or through email to email@example.com