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Key Stats

MARKET CAP (RS CR) 2.39
P/E 0.38
BOOK VALUE (RS) 58.0762097
DIV (%) 5
MARKET LOT 1
EPS (TTM) 12.57
PRICE/BOOK 0.0829943969294539
DIV YIELD.(%) 10.37
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

14-Nov-2019

B & A Packaging India standalone net profit rises 64.00% in the September 2019 quarter

13-Nov-2019

B & A Packaging India Ltd - Un-Audited Financial Results Of B & A Packaging India Ltd. For The Quarter And Half-Year Ended 30Th September 2019

31-Oct-2019

B&A Packaging India to table results

30-Oct-2019

B & A Packaging India Ltd - Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter And Half-Year Ended 30.09.2019

31-Oct-2019

B&A Packaging India to table results

07-Sep-2019

B & A Packaging India appoints director

08-Aug-2019

B&A Packaging India to convene AGM

31-Jul-2019

B&A Packaging India to table results

Corporate Actions

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Peers Comparsion

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Share Holding

Category No. of shares Percentage
Total Foreign 100 0.00
Total Institutions 300000 6.05
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 386000 7.78
Total Promoters 3690114 74.39
Total Public & others 584286 11.78
Total 4960500 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About B & A Packaging India Ltd

B & A Packaging India Ltd Chairman Speech

B & A Packaging India Ltd Company History

B & A Packaging India Ltd Directors Reports

And Management Discussion And Analysis

Your Directors have pleasure in presenting the Thirty-third Annual Report together with the audited financial statements of the Company for the year ended 31st March, 2019.

Financial Results

The financial results of the Company are summarized below:

(in Rs. Lac)
Particulars Year ended March 31, 2019 Year ended March 31, 2018
Revenue from Operations 7,168.02 6,972.53
Other Income 69.53 34.04
Total Income 7,237.55 7,006.57
Total Expenditure adjusted for increase/decrease of stocks 6,182.63 5,954.98
Profit from operations before other Income, Depreciation, Finance Cost and Tax 1,054.92 1,051.59
Depreciation 144.16 131.98
Finance Cost 190.88 161.12
Profit before Tax 719.88 758.49
Provision for Tax
Current Tax 206.00 252.00
Deferred Tax 33.84 26.42
Profit for the year 480.04 480.07

Net sales for the year under review were higher by Rs. 195.49 lac over previous year. Profit after tax was Rs. 480.07 lac which is at par with previous year's level. The Earnings per Share (EPS) for the year stood at Rs. 9.68 which is also at par with previous year's level.

PERFORMANCE AND OPERATIONS

Your Company produces high quality paper sacks and flexible laminates in its two manufacturing division located at Balasore, Odisha. The Company has established itself as a premium manufacturer of quality sacks and flexible laminates and its products have found wide acceptability in the Indian market. The sacks division serves the packaging needs of sectors like tea, carbon black, cement, food and agricultural products, rubber, chemicals, refractories etc. The key users of the flexible laminates are fresh and frozen foods, beverages, pharmaceuticals, snacks and confectioneries, dairy products, to name a few.

The guiding vectors of the Company's business strategy are:

• Improvement in its products to create value added differentiation

• Ability and agility to cater needs of various industries

• Ability to offer end-to-end solutions across paper and flexible packaging spectrum

• Ability to execute higher quanta of orders and ensuring timely deliveries anywhere across India.

During the year under review your Company was able to maintain overall growth in terms of sales and profitability despite entry of foreign multinationals in the Indian market, fierce competition from the domestic manufacturers, market supply side pressure of key input materials, price fluctuations of imported materials and multiple increases in wages cost.

Paper Sacks

The paper sacks division recorded gross sales of Rs. 5079.79 lac (previous year Rs. 4868.39 lac) during the financial year ended 31st March 2019; the augmented growth was perceived in the tea and chemical sector. Operating cost in the paper sacks division increased due to increase in volume and cost of procurement of paper, labor and consumables. Irrespective of cost escalation paper sacks unit recorded a profit of Rs. 816.04 lac (previous year Rs. 789.21 lac) due to favorable price variance and superior product mix.

Flexible Laminates

The flexible laminates division recorded gross sales of Rs. 2088.23 lac (previous year Rs. 2069.43 lac) during the financial year ended 31st March 2019. Despite sharp increase in consumption and labour cost the division recorded a profit of Rs. 87.71 lac (previous year Rs. 122.52 lac).

The Company's modernization programs in its plant have benefitted in improving productivity and quality of its products on long-term basis. The Company has been accredited with British Retail Consortium (BRC: lop) which is acknowledged as a global benchmark for food safety, for its facilities at Balasore factory besides ISO accreditations.

INDUSTRY DEVELOPMENTS AND COMPANY OUTLOOK

The packaging industry plays a vital role, adding value to various manufacturing sectors including agriculture, pharma, chemical, retail, FMCG, etc. The Indian market has been growing due to solid demand from food and pharma industries. The paper packaging contributes more than 30% to overall packaging market share and dominates other packaging domains. Demand for sustainable packaging, made of paper, jute and cloth is increasing around the country. Flexible packaging is used heavily for packaging owing to its innovative visual appeal for customer attraction and convenience.

Eventually with changing consumer preferences, the packaging industry has faced numerous challenges but by adopting various upgraded technologies, the industry is now in the firm runway. Further, drop in crude oil prices worldwide, will benefit the flexible packaging industry as its inputs are derived from petroleum refining products. It will be heartening to note that the Indian packaging industry has registered a growth of 13% CAGR in the last five years and with rapid growth in the Indian e-commerce sector the industry is further poised for robust growth. Per capita packaging consumption in India is quite low compared to developed countries, which signify ample room for growth of the industry.

Your Company has the technical ability and innovative skills to engineer packaging solutions which has resulted increase in its market share over the years. The Company has fully automated machines and boasts of a team of highly technical and self-motivated professionals. The Company also house well-equipped laboratories with modern and computerized equipment, which are continuously engaged in upgrading the products to cater to the needs of the market. The Company directs all its efforts to benchmark itself against global standards and be in alignment with international needs, world-class standards of quality, service and cost. The Company is continuously making endeavors on achieving its goals by listening to the changing demands of the customers and to satisfy their expectations in a timely, cost-effective and value-added manner. The Company has received number of awards in different categories.

Your Company anticipates stable demand for its products in the coming years on the basis of what has been discussed above and will thrive for better performance by increasing its market share barring unforeseen events. The Company has undertaken several modernization programs in its plant in the last few years. However, its long-term plan to upgrade the factory to meet the international standards is poised for availability of funds at competitive rates.

OPPORTUNITIES, RISKS AND CONCERNS

Opportunities

The packaging industry, which employs about 5 million people directly and three times more indirectly, will continue to grow due to changing demographics such as growing urbanization and rising proportion of middle class consumers. Organized retail and e-commerce boom, which offer huge potential for future growth of retailing, will continue to support the packaging industry. The increased presence of global multinational companies, consumer brand awareness and products with ‘clean-label' messaging will augur well for the industry. While growth in biodegradable paper based packaging is expected due to increased usage in Food, Beverages and FMCG sector, the flexible packaging would find its growth for its enhanced functionality, improved aesthetics and wide acceptance across various sectors due to low carbon foot print as compared to rigid plastics.

The food safety and packaging norms are getting stricter and this is expected to promote use of good quality packaging materials. Also the affordability, smaller urbanized household and size and time compression are expected to give way to the packaged food category. Further, the Government's aim to make India a global manufacturing hub will have a positive impact on growth of packaging industry.

Risks and Concerns

Majority of the raw materials used by the flexible packaging industry are crude based. The Government has very little or no control over prices of crude and crude derivatives. This has led to wide price variations in the key items of input materials. Further massive deforestation has led to shortage in supply of good quality papers, which is a major concern to the paper based packaging.

The prospects for packaging sector depend on growth of industries such as food processing, pharmaceuticals, retail and e-commerce. While scope for growth for packaging companies catering to these industries is humongous, the Government and industry need to frame and abide by better manufacturing processes and quality standards. This is essential to reduce huge rejections faced by Indian food products (especially) in developed countries.

Further lack of capital at globally competitive rates to augment new technologies is a major challenge before Indian packaging industry.

RISK MANAGEMENT

Your Directors have formulated Risk Management Policy and appointed a Risk cell comprising of executives from senior management team. All potential and material risks faced by the Company with regards to its packaging business are identified and assessed on continuous basis by the Risk Cell. For each area of the risks identified, necessary controls are exercised and procedures are put in place for monitoring, mitigating all such risks and reporting the same to Audit Committee on periodic basis. The Risk Management Policy and the constitution of risk cell are available in the company's website at http://www.bampl.com/policy.html.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS

As on 31st March 2019, there was no significant change i.e. change of 25% or more as compared to previous financial year, in the key financial ratios of the Company.

As on 31st March 2019 the Return on net worth of the Company was 16.68% compared to 19.51% as on 31st March 2018.

DIVIDEND

The Board of Directors (hereinafter the Board) has recommended a final dividend of 5% i.e. Re. 0.50 per equity shares of Rs. 10 each in the Company for the financial year 2018-19. The distribution of dividend will result in payout of Rs. 24.80 lac excluding tax on dividend if approved by the shareholder in the ensuing Annual General Meeting.

UNCLAIMED DIVIDEND

Section 124 of the Companies Act' 2013 (hereinafter the Act') mandates that companies should transfer dividends to Investor Education and Protection Fund (IEPF) that have remained unclaimed for a period of 7 (seven) years by the shareholders. In accordance with the schedule the dividends for the years mentioned below, if remain unclaimed for a period upto seven years will be transferred to IEPF.

Year Date of Declaration Due date for transfer to IEPF
2013-14 17th September 2014 25th October 2021
2014-15 29th September 2015 6th November 2022
2015-16 22nd September 2016 28th October 2023
2016-17 7th September 2017 13th October 2024
2017-18 20th September 2018 27th October 2025

Investor wise details of unpaid dividends are available in the website of the Company at http://www.bampl.com/unpaid-dividend.html.

RESERVES

The Board does not propose any amount to be transferred to any reserve.

DIRECTORS

As on 31st March 2019, the Directorate of the Company consists of five directors, two of them are independent. Mrs. A Farley has been appointed Chairman of the Board. During the year Mr. Amit Chowdhuri, Independent Director, whose office was liable to be retired on 31st March 2019, was re-appointed in the Extra-Ordinary General Meeting of the members held on 22nd February 2019 as Independent Director on the Board with effect from 1st April 2019 for a second term of 5 consecutive years to hold office upto 31st March 2024.

By virtue of section 152 of the Act' Mrs. Anuradha Farley retires by rotation at the forthcoming Annual General Meeting (AGM) and being eligible offers herself for re-appointment.

Mr. Anjan Ghosh, Independent Director retires on 31st March 2020 on completion of his initial term of directorship. The Board on recommendation made by the Nomination and Remuneration Committee of Directors proposes to reappoint Mr. Ghosh with effect from 1st April 2020 for a 2nd term of five consecutive years to hold office upto 31st March 2025 and seeks approval of the shareholders to reappoint him in the ensuing AGM. Necessary resolutions to re-appoint Mr. Ghosh is embodied in the notice calling the AGM.

In terms of Regulation 17 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations 2015 (hereinafter SEBI LODR) with effect from 30th September 2019, half of the directorate of the Company should comprise of independent directors. Keeping this in view, the Board on recommendation made by the Nomination and Remuneration Committee has proposed to appoint Mr. Basant Kumar Goswami as Independent Director on the Board of the Company and seeks approval of the shareholders to appoint him in the ensuing AGM. Necessary resolution to reappoint Mr. Goswami, is embodied in the notice calling the AGM.

Further, in terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018, consent of the Members by way of Special Resolution is also required for continuation of the office of a Non-Executive Director on his attaining the age of seventy five years with effect from 1st April 2019. Mr. Anjan Ghosh will be attaining the age of seventy five years on 15th July 2024 as Non-Executive Director on the Board if re-appointed by the members for a 2nd term of five consecutive years. Mr. B.K. Goswami has attained the age of seventy-five years on 28th January 2010. The Board seeks consent of the shareholders to hold offices of Mr. Ghosh and Mr. Goswami as Non-Executive Directors on the Board of the Company on their attaining the age of seventy-five years till completion of their term of Directorship. Necessary resolutions seeking consent of the shareholders in this regard are embodied in the notice calling the AGM.

KEY MANAGERIAL PERSONNEL

Mr. Somnath Chatterjee, Whole time Director, Mr. D. Chowdhury, Company Secretary and Mr. G. Mukhopadhyay, Chief Financial Officer, hold the position of key managerial personnel in terms of section 203 of the Act'.

DECLARATION BY INDEPENDENT DIRECTORS

All Independent Directors have given declaration to the Company certifying their independency in terms of section 149(6) of the Act, and the same were placed and noted by the Directors present in the meeting of the Board held on 25th May 2019.

PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS

In terms of section 134 (3) of the Act' read with SEBI (LODR), the Company had laid down the criteria for reviewing the performance of its Board of Directors, Committees of the Board and individual Directors. The evaluation process of Directors inter alia considers attendance of the Directors at Board and Committee meetings, acquaintance with business, communicating inter se board members, effective participation, domain knowledge, compliance with code of conduct, vision and strategy.

The evaluation process and criteria for evaluating the performance are available in detail in the website of the Company at the following web-link http://www.bampl.com/policy/nomination-remuneration-policy.pdf.

The Board evaluated its own annual performance including that of its Committees in the meeting of the Board of Directors held on 25th May 2019. The Board in the same meeting evaluated performance of the individual Directors on the basis of recommendations made by the respective Committees.

FAMILIARISATION PROGRAMMES FOR BOARD MEMBERS

The Independent Directors have been familiarized through various presentations of their roles, rights and responsibilities in the Company, nature of the industry in which the Company operate etc. The details of the presentations and schedule of programs attended by the Directors are available at the website of the Company under the web link http://www.bampl.com/policy.html.

BOARD MEETINGS

During the year under review five meetings of the Board were convened and held on 19th May 2018, 9th August 2018, 12th November 2018, 14th December 2018 and 11th February 2019. Attendance of Directors in Board Meetings during the financial year 2018-19 is summarized below:

Name of the Director Category No. of Meetings attended
Mrs. Anuradha Farley Non-Executive Director 1
Mr. Anjan Ghosh Non-Executive Independent Director 5
Mr. Amit Chowdhuri Non-Executive Independent Director 5
Mr. Somnath Chatterjee Executive Whole time Director 5
Mrs. Gargi Barooah Non-Executive Director 1

COMMITTEES OF BOARD

The Company has the following Committees of the Board:

I. Audit Committee

II. Nomination and Remuneration Committee

III. Stakeholder's Relationship Committee

IV. Share Transfer Committee

V. Corporate Social Responsibility Committee

I. Audit Committee

The composition and terms of reference of Audit Committee is in compliance with the requirement of section 177 of the Act. The Audit Committee consists of Mr. Anjan Ghosh as Chairman and Mr. Amit Chowdhuri and Mr. Somnath Chatterjee as members. The majority of members including Chairman are Independent Directors. During the year under review four meetings were held on 19th May 2018, 9th August 2018, 12th November 2018 and 11th February 2019. The Chairman of the Audit Committee was present at the last Annual General Meeting and Extra-Ordinary General Meeting held on 20th September 2018 and 22nd February 2019. There were no instances where the Board had not accepted the recommendations of the Audit Committee. Attendance of the members in the meetings of the Audit Committee held during the Financial Year 2018-19 are summarized below:

Name of the Member Position No. of Meetings attended
Mr. Anjan Ghosh Chairman 4
Mr. Somnath Chatterjee Member 4
Mr. Amit Chowdhuri Member 4

II. Nomination and Remuneration Committee

The composition and terms of reference of Nomination and Remuneration Committee is in compliance with the requirement of section 178 of the Act. The Committee comprises of three Non -Executive Directors out of which two are Independent Directors. Mr. Anjan Ghosh is the Chairman of the Committee and other members are Mrs. Anuradha Farley and Mr. Amit Chowdhuri. During the year under review, three meetings of the Committee were held on 19th May 2018, 9th August 2018 and 14th December 2018. Attendance of the members in the meetings of the Nomination and Remuneration Committee held during the Financial Year 2018-19 are summarized below:

Name of the Member Position No. of Meetings attended
Mr. Anjan Ghosh Chairman 3
Mrs. Anuradha Farley Member 1
Mr. Amit Chowdhuri Member 3

III. Stakeholders' Relationship Committee

The composition and terms of reference of Stakeholder's Relationship Committee is in compliance with the requirement of section 178 of the Act. The Committee comprises of Mr. Amit Chowdhuri as Chairman and Mr. Anjan Ghosh and Mr. Somnath Chatterjee as members. The majority of members including Chairman are Non-executive Independent Directors. During the year under review, four meetings of the Committee were held on 19th May 2018, 9th August 2018, 12th November 2018 and 11th February 2019. The Chairman of the Stakeholders Relationship Committee was present at the last Annual General Meeting and ExtraOrdinary General Meeting held on 20th September 2018 and 22nd February 2019. Attendance of the members in the meetings of the Stakeholders Relationship Committee held during the Financial Year 2018-19 are summarized below:

Name of the Member Position No. of Meetings attended
Mr. Amit Chowdhuri Chairman 4
Mr. Anjan Ghosh Member 4
Mr. Somnath Chatterjee Member 4

IV. Share Transfer Committee

The Committee comprises of Mr. Amit Chowdhuri, Mr. Anjan Ghosh and Mr. Somnath Chatterjee. The Committee met sixteen times during the year under review on 17th April 2018, 19th May 2018, 12th June 2018, 25th June 2018, 11th July 2018, 31st July 2018, 24th August 2018, 12th September 2018, 22nd October 2018, 13th November 2018, 4th December 2018, 27th December 2018, 11th January 2019, 11th February 2019, 11th March 2019 and 30th March 2019. Attendance of the members in the meetings of the Share Transfer Committee held during the Financial Year 2018-19 are summarized below:

Name of the Member Status No. of Meetings attended
Mr. Amit Chowdhuri Member 14
Mr. Anjan Ghosh Member 13
Mr. Somnath Chatterjee Member 14

V. Corporate Social Responsibility Committee

The composition and terms of reference of Corporate Social Responsibility Committee is in compliance with the requirement of section 135 of the Act. The Committee comprises of Mr. Amit Chowdhuri as Chairman and Mr. Anjan Ghosh and Mr. Somnath Chatterjee as members. The majority of members including Chairman are Non-Executive Independent Directors. During the year under review, three meetings of the Committee were held on 19th May 2018, 9th August 2018 and 11th February 2019. Attendance of the members in the meetings of the Corporate Social Responsibility Committee held during the Financial Year 2018-19 are summarized below:

Name of the Member Position No. of Meetings attended
Mr. Amit Chowdhuri Chairman 3
Mr. Anjan Ghosh Member 3
Mr. Somnath Chatterjee Member 3

MEETING OF THE INDEPENDENT DIRECTORS

In terms of section 149 read with schedule IV of the Act', a separate meeting of the Independent Directors of the Company was held on 11th February, 2019.

NOMINATION AND REMUNERATION POLICY

The Board, on the recommendation made by the Nomination and Remuneration Committee, has framed a policy for selection, appointment and removal of Directors and Key Management Personnel and remuneration payable to them. The Policy inter alia includes criteria for determining the qualification, positive attributes, and independence of a Director on Board. The Nomination and Remuneration Policy is available at the company's website at http://www.bampl.com/policy.html.

DIRECTORS' RESPONSIBILITY STATEMENT

As required under section 134(5) of the Act', your Directors state that:

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) They had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2019 and of the profit of the Company for the financial year ended 31st March 2019;

c) They had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) They had prepared the annual accounts on a going concern basis;

e) They had laid down internal financial controls to be followed by the Company and that such internal financial controls were adequate and were operating effectively.

f) They had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Company has an Internal Control System commensurate with the size, scale and complexity of its operations. The internal financial controls are adequate and are operating effectively so as to ensure orderly and efficient conduct of the business operations. The Statutory Auditors have also given an unmodified opinion on the internal financial controls on the financial reporting process in their report.

MAINTENANCE OF COST RECORDS

During the year under review the Company was not required to maintain any cost accounts or records as specified under Section 148(1) of the Act' with respect to its packaging business.

CORPORATE SOCIAL RESPONSIBILITY

The Corporate Social Responsibility (CSR) Policy formulated by the Company is available at the website of the company at http://www.bampl.com/policy.html. The policy encompasses the philosophy of the

Company for delineating its responsibility as a corporate citizen and lays down the guideline and mechanism for undertaking socially useful programs for welfare of the community at large and for under privileged community in the area of its operation in particular. The Annual Report on CSR activities as prescribed under rule 9 of the Companies (Accounts) Rules 2014 read with rule 8 of the Companies (Corporate Social Responsibility Policy) Rules 2014 is attached as Annexure - A and forms part of the Director's Report.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

During the year under review, no loan was given or any guarantee was provided or any investments were made by the Company, which were covered under section 186 of the Act'.

PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTY

In terms of section 134 of the Act' read with rule 8(2) of the Companies (Accounts) Rules 2014 particulars of contracts/ arrangements entered into by the company during the year under review in Form AOC-2 is attached as Annexure - B and forms part of the Director's Report.

STATUTORY AUDITORS

M/s. Ghosal, Basu & Ray, Chartered Accountants, Kolkata (FRN 315080E) were appointed as Statutory Auditors of the Company for term of five years, in the Annual General Meeting held on 7th September 2017.

The report given by the Statutory Auditors on the financial statements of the Company for the financial year ended 31st March 2019 forms part of the Annual Report. There was no qualification, reservation, adverse remark or disclaimer in the report.

SECRETARIAL AUDITORS

Pursuant to section 204 of the Act' and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Secretarial Audit of the Company for the financial year 2018-19 was conducted by M/s. T. Chatterjee & Associates, Company Secretaries. The Secretarial Audit Report is attached with the Board' Report as

Annexure - C. There was no qualification, reservation, adverse remark or disclaimer in the report.

None of the Auditors of the Company has reported any fraud as specified under the second proviso of Section 143 (12) of the Act.

ADHERERENCE TO SEBI (LODR) REGULATIONS 2015

The Company has complied with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. In terms of regulation 15(2) of the said Regulations the Company is not required to attach ‘Corporate Governance Report' along with the Board's report for the year under review.

ACCOUNTING STANDARDS

The Company complied with the requirements of Indian Accounting Standards (Ind AS) while preparing the quarterly and annual financial statements for the accounting year under review as envisaged in Companies (Indian Accounting Standard) Rules 2015 and its subsequent amendments and directive issued by Securities and Exchange Board of India in this regard.

DEMATERIALISATION OF SHARES AND LIQUIDITY

The equity shares of the Company are available for trading in dematerialized from in Bombay Stock Exchange where the shares are listed. The Company has custodial arrangement with National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL) who acts as ‘Depository' of the Company's equity shares. Shareholders can approach any depository participant registered with either of the depositories to hold the shares in dematerialized form. The International Securities Identification Number (ISIN) of the Company's shares in the dematerialized mode as allotted by NSDL and CDSL is INE00FM01013.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information relating to conservation of energy, technology absorption and foreign exchange earnings and outgo as envisaged in section 134 (3) of the Act' read with Companies (Accounts) Rules, 2014 is attached as Annexure - D and forms part of this report.

EXTRACT OF ANNUAL RETURN

Pursuant to section 92(3) of Act' read with rule 12 (1) of the Companies (Management and Administration) Rules 2014 extract of Annual Return of the Company for the financial year ended 31st March 2019 is attached with Board's Report as

Annexure - E.

Annual Return of the Company for the financial year ended 31st March 2018 is available in the website of the Company at the following web-link http://www.bampl.com/annual-return/forms-MGT-7-for-the-financial-year-2017-18.pdf.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

Your Directors have adopted a Vigil Mechanism/ Whistle Blower Policy. The Policy has been posted on the website of the Company and is available at http://www.bampl.com/policy.html. None of the Company's personnel have been denied access to the Audit Committee. During the year under review nothing has been reported under the policy.

MATERIAL CHANGES AND COMMITMENTS

There were no material changes and commitments affecting the financial position of the Company, between the end of the financial year i.e. 31st March 2019 and the date of this report.

EMPLOYEE RELATIONS

One of the key strengths of your Company is its employees. Relations with employees remained cordial and satisfactory throughout the period under review. Your Directors would like to place on record its appreciation to the contribution made by each of the employees of the Company towards the growth of the Company's business.

The details of the particulars of remuneration of Directors, Key Management Personnel and other employees in terms of section 197 (12) of the Act' read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is attached as Annexure - F and forms part of this report.

OTHER DISCLOSURES

Your Directors state that during the year under review:

a) The Company had complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board and General Meetings.

b) The Company had complied with provisions relating to the constitution of Internal Complaints Committee under Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act' 2013.

c) There was no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act' 2013.

d) Your Company did not accept any deposit from the public falling within the ambit of Section 73 of the Act' read with Companies (Acceptance of Deposits) Rules, 2014.

e) There were no significant or material orders passed by the Regulators or Courts or Tribunals which would have impacted the going concern status of the Company's business.

f) The Company had no scheme or provision of money for the purchase of its own shares by employees/ Directors or by trustees for the benefit of employees/Directors.

g) The Company had not issued equity shares with differential rights as to dividend, voting or otherwise; and

h) There was no change in the share capital or nature of business of the Company.

For and on behalf of the Board of Directors
Place : Kolkata Somnath Chatterjee Anjan Ghosh
Date : 25th May, 2019 Whole Time Director Director

   

B & A Packaging India Ltd Company Background

Anuradha Farley
Incorporation Year1986
Registered Office22 Balgopalpur Indl Area,
Balasore,Orissa-756020
Telephone91-6782-275725,Managing Director
Fax
Company SecretaryD Choudhury
AuditorGhosal Basu & Ray
Face Value10
Market Lot1
ListingBSE,
RegistrarMCS Share Transfer Agent Ltd
12/1/5 Manoharpukar,Road Ground Floor, ,Kolkata-700026

B & A Packaging India Ltd Company Management

Director NameDirector DesignationYear
Anjan Ghosh Independent Director 2019
Somnath Chatterjee Whole-time Director 2019
Amit Chowdhuri Independent Director 2019
Anuradha Farley Chairman 2019
D Choudhury Company Secretary 2019
Gargi Barooah Director 2019
Basant Kumar Goswami Independent Director 2019

B & A Packaging India Ltd Listing Information

B & A Packaging India Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Paper Sacks No 00050.6058
Laminates NA 00020.6416
Sale of Scrap NA 0000.4328
Excise Duty NA 0000
Sale of Products NA 0000

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