Torrent Pharma

Only available on StudyMode
  • Download(s) : 36
  • Published : December 19, 2012
Open Document
Text Preview
Creating value, driving growth
3 7 th A N N U A L R E P O R T 2 0 0 9 - 2 0 1 0

37th ANNUAL REPORT 2009-10

Torrent Pharmaceuticals Limited

2

N TE CO N

TS

Corporate Information 02 Notice 03 Directors’ Report 06 Report on Corporate Governance 14 Auditors’ Report 24 Audited Financial Statements 28 Management Discussion and Analysis 55 Consolidated Financial Statements 66

37th ANNUAL REPORT 2009-10

3

CORPORATE INFORMATION
DIRECTORS
Sudhir Mehta
Chairman

REGISTERED OFFICE
Torrent House,

Markand Bhatt S. H. Bhojani Dr. Prasanna Chandra Kiran Karnik Sanjay Lalbhai Dr. C. Dutt Director (Research & Development)

Off Ashram Road, Ahmedabad – 380 009 Telephone : 079-26585090 Fax : 079-26582100

MANUFACTURING FACILITIES
1) 2) Village Indrad, Taluka Kadi, Dist. Mehsana (Gujarat) Village Bhud, Baddi, Teh. Nalagarh, Dist. Solan (Himachal Pradesh)

Samir Mehta

Managing Director

AUDIT COMMITTEE
Dr. Prasanna Chandra
Chairman

SIKKIM PROJECT SITE
32 No. Middle Camp, NH - 31A, East District, Gangtok (Sikkim)

S. H. Bhojani Kiran Karnik

RESEARCH & DEVELOPMENT FACILITY
Village Bhat, Dist. Gandhinagar (Gujarat)

SECURITIES TRANSFER & INVESTORS’ GRIEVANCE COMMITTEE
Sudhir Mehta
Chairman

WEBSITE
www.torrentpharma.com

REGISTRARS & TRANSFER AGENTS
Karvy Computershare Private Ltd., Unit : Torrent Pharmaceuticals Limited, Plot No. 17 to 24, Vittalrao Nagar, Madhapur, Hyderabad 500 081 Telephone : 040-44655000, Fax : 040-23420814 Email : einward.ris@karvy.com

Markand Bhatt Samir Mehta

VP (LEGAL) & COMPANY SECRETARY
Mahesh Agrawal

AUDITORS
C.C. Chokshi & Co.
Chartered Accountants (Registration No. 101876W)

INVESTOR SERVICES E-MAIL ID
investorservices@torrentpharma.com

2

NOTICE
NOTICE IS HEREBY GIVEN THAT THE THIRTY SEVENTH ANNUAL GENERAL MEETING OF THE MEMBERS OF TORRENT PHARMACEUTICALS LIMITED will be held on Friday, 30th July, 2010 at 09:30 AM at J. B. Auditorium, Torrent AMA Center, Ground Floor, Ahmedabad Management Association, Vastrapur, Ahmedabad – 380 015, to transact the following business: ORDINARY BUSINESS 1 2 To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2010, the Profit & Loss Account for the year ended on that date and reports of the Directors’ and Auditors’ thereon. To declare dividend The Board of Directors at its meeting dated 6th May, 2010 recommended a dividend at Rs. 6.00 per equity share of face value of Rs. 5 for the financial year 2009-10. To appoint a Director in place of S. H. Bhojani, director, who retires by rotation, and being eligible, offers himself for re-appointment. To appoint a Director in place of Dr. Prasanna Chandra, director, who retires by rotation, and being eligible, offers himself for re-appointment. To appoint Deloitte Haskins & Sells, Ahmedabad, (Firm Registration No. 117365W) as Statutory auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting and to authorize the Audit Committee to fix their remuneration. To consider and if thought fit, to pass with or without modification(s), the following as a Special Resolution: ALTERATION OF ARTICLES OF ASSOCIATION OF THE COMPANY “RESOLVED THAT pursuant to Section 31 and other applicable provisions, if any, of the Companies Act, 1956 and subject to other permission and approvals, if any, as may be required, the Articles of Association of the Company be altered in the following manner:Article 174(e) of the Articles of Associations be substituted by the following: “Contribute to charitable and other funds not directly relating to the business of the Company or the welfare of its employees, any amounts the aggregate of which will, in any financial year, exceed fifty thousand rupees or five per cent of its average net profits as determined in accordance with the provisions of Section 349 and 350 of the Act during three financial years immediately preceding,...
tracking img