43rd ANNUAL REPORT 2009 - 2010 CONTENTS PAGE • COMPANY INFORMATION 01 • NOTICE 03 • DIRECTORS’ REPORT 09 • REPORT ON CORPORATE GOVERNANCE 15 • MANAGEMENT DISCUSSION AND ANALYSIS REPORT 25 • AUDITORS’ REPORT 29 • BALANCE SHEET 34 • PROFIT AND LOSS ACCOUNT 35 • CASH FLOW STATEMENT 36 • SCHEDULES & NOTES TO ACCOUNTS 38 • BALANCE SHEET ABSTRACT AND GENERAL BUSINESS PROFILE 58 • SECTION 212 STATEMENT 61 • CONSOLIDATED FINANCIAL STATEMENTS 63 • FINANCIAL HIGHLIGHTS 85 BOARD OF DIRECTORS Mr. Dilip G. Piramal (Chairman) Mr. Sudhir Jatia (Managing Director) upto 30th April, 2010 Ms. Radhika Piramal (Managing Director) from 1st May, 2010 Mr. D. K. Poddar Mr. G. L. Mirchandani Mr. Vijay Kalantri Mr. Vivek Nair Mr. Nirmal Gangwal CHIEF FINANCIAL OFFICER Mr. Manoj Tulsian COMPANY SECRETARY & HEAD – LEGAL Mr. Shreyas Trivedi AUDITORS M/s. M. L. Bhuwania & Co. Chartered Accountants BANKERS State Bank of India Central Bank of India Axis Bank Limited ING Vysya Bank Limited IDBI Bank Limited REGISTERED OFFICE 78-A, MIDC Estate, Satpur Nashik – 422 007, Maharashtra FACTORIES Nashik - 78-A, MIDC Estate, Satpur, Nashik – 422 007, Maharashtra. Sinnar - A-7 , MIDC, Sinnar – 422 103, Maharashtra. Haridwar - Plot No 8, Sector 12, SIDCUL Area, Haridwar – 249 403, Uttaranchal. Jalgaon - E 5/2 Additional MIDC Area, Jalgaon – 425 016, Maharashtra. Nagpur - L-4, MIDC, Hingna, Nagpur – 440 016, Maharashtra. Paithan - D/4 Paithan Industrial Area, MIDC, Paithan – 431 107, Maharashtra. INVESTORS’ SERVICES DEPARTMENT DGP House, 5th Floor, 88-C, Old Prabhadevi Road, Mumbai – 400 025, Maharashtra. Tel.: +91-022-6653 9000 Fax: +91 – 022-6660 8393 Email:
[email protected] REGISTRAR & SHARE TRANSFER AGENT Link Intime India Private Limited, C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai – 400 078, Maharashtra.