2007-08 - Aditya Birla Nuvo, Ltd

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CORPORATE GOVERNANCE REPORTPostal BallotDuring the year , consent of the members of the Company was sought by Special Resolution/Ordinaryresolution, through postal ballot on two occasions as under:-Particulars of Postal Ballot Date No. of No. of Votes in Votesof Valid Invalid favour of againstPostal Postal Postal the theBallot Ballot Ballot Resolution ResolutionSpecial Resolution authorising the Board to 30 th July, 6388 205 48878189 16459make investments, give loans and provide 2007guarantees/ securities under section 372 A ofthe Companies Act, 1956Ordinary Resolution under section 198, 269, 309 31 st October, 3470 73 39333044 29105and 310 of the Companies Act, 1956 to revise 2007remuneration of Mr. K. K. Maheshwari,Whole- Time Director of the CompanyOrdinary Resolution under section 198, 269, 309 31 st October, 3388 72 39207904 27959and 310 of the Companies Act, 1956 to revise 2007remuneration of Mr. Vikram Rao, Whole- TimeDirector of the CompanyOrdinary Resolution under section 198, 269, 309 31 st October, 3390 70 39209969 25823and 310 of the Companies Act, 1956 to revise 2007remuneration of Dr. Bharat .K. Singh , ManagingDirector of the CompanyOrdinary Resolution under section 198, 269, 309 31 st October, 3387 73 39207386 28386and 310 of the Companies Act, 1956 to revise 2007remuneration of Mr. Rakesh Jain , Whole- TimeDirector of the CompanyOrdinary Resolution under section 198, 269, 309 31 st October, 3385 71 39208881 26458and 310 of the Companies Act, 1956 to revise 2007remuneration of Mr. Adesh Gupta , Whole- TimeDirector of the CompanyMr. Rajendra R. Parmar, Practising Chartered Accountant, Veraval was appointed as Scrutinizer forconducting the postal ballot voting process for the above resolutions .The postal ballot process was undertaken in accordance with the provisions of Section 192A of theCompanies Act, 1956, read with the Companies (Passing of Resolution by Postal Ballot), Rules, 2001.Any special resolutions which is required to be conducted through postal ballot will be conducted as perprevailing law.(38)
CORPORATE GOVERNANCE REPORTMEANS OF COMMUNCIATIONQuarterly results:Newspaper in which normally financial results are published inNewspaperBusiness StandardFinancial ExpressCities of PublicationAhmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai and New DelhiAhmedabad, Bangalore, Chandigarh, Chennai, Mumbai, Kochi, Kolkata andNew DelhiWebsite, where the information is displayed.Whether it also displays official news releasesPresentations made to investors/analysts:General Shareholder Informationwww.adityabirlanuvo.comwww.adityabirlanuvo.co.inwww.adityabirla.comYesYesPublished as a separate sectionin this report.Status of Compliance of Non mandatory requirements.1) The Company maintains a separate office for the Non- Executive Chairman. All necessary infrastructureand assistance are made available to enable him to discharge his responsibilities effectively.2) The Company does not have a Remuneration Committee. The remuneration of the Managing/WholetimeDirectors is fixed by the Board of Directors.3) Performance update consisting of financial and operational performance for the first six months offinancial year is being sent to the shareholders.4) During the period under review, there is no audit qualification in the financial statement. The Companycontinues to adopt best practices to ensure unqualified financial statements.5) The Company has established a policy for employees to report to the management concernsabout unethical behaviours, actual or suspected fraud or violation of the Company’s Code of Conductor ethics.(39)
Page 2 and 3: Mr. G. D. Birla and Mr. Aditya Birl
Page 4 and 5: THE CHAIRMAN’S LETTER TO SHAREHOL
Page 7 and 8: THE CHAIRMAN’S LETTER TO SHAREHOL
Page 9 and 10: ADITYA BIRLA NUVO LIMITEDBOARD OF D
Page 11 and 12: FINANCIAL HIGHLIGHTS - STANDALONERs
Page 13 and 14: MANAGEMENT’S DISCUSSION AND ANALY
Page 33 and 34: CORPORATE GOVERNANCE REPORTGovernan
Page 35 and 36: CORPORATE GOVERNANCE REPORT1. Manag
Page 37 and 38: CORPORATE GOVERNANCE REPORTEmployee
Page 39: CORPORATE GOVERNANCE REPORTAll the
Page 43 and 44: SOCIAL REPORTTranscending BusinessS
Page 45 and 46: SOCIAL REPORTMaking a difference -
Page 47 and 48: ENVIRONMENT REPORTElements for the
Page 49 and 50: SHAREHOLDER INFORMATION6c. Domestic
Page 51 and 52: SHAREHOLDER INFORMATION12. Share Tr
Page 53 and 54: SHAREHOLDER INFORMATION16. Demateri
Page 55 and 56: SHAREHOLDER INFORMATION21. Per Shar
Page 57 and 58: SHAREHOLDER INFORMATIONAccordingly,
Page 59 and 60: DIRECTORS’ REPORT TO THE SHAREHOL
Page 69 and 70: ANNEXURE ‘A’ TO THE DIRECTORS
Page 71 and 72: ANNEXURE ‘B’ TO DIRECTORS’ RE
Page 77 and 78: AUDITORS’ REPORT TO THE MEMBERSAn
Page 79 and 80: AUDITORS’ REPORT TO THE MEMBERS(x
Page 81 and 82: PROFIT & LOSS ACCOUNT FOR THE YEAR
Page 83 and 84: SCHEDULESSCHEDULE 2RESERVES & SURPL
Page 85 and 86: SCHEDULESRs. CroresAs atAs atFace V
Page 87 and 88: SCHEDULESSCHEDULE 7INVENTORIESAs at
Page 89 and 90: SCHEDULESRs. CroresYear EndedYear E
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SCHEDULESSCHEDULE 19SIGNIFICANT ACC
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SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CASH FLOW STATEMENT FOR THE YEAR EN
Page 125 and 126:
AUDITORS’ REPORT ON THE CONSOLIDA
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CONSOLIDATED PROFIT & LOSS ACCOUNT
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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