9 Q...and 726 advanced on the BSE. Foreign port-folio investors (FPIs) sold shares worth ~1,161...

3
Harita Seating Systems Limited Regd. Off: Jayalakshmi Estates, No.29 (Old No.8), Haddows Road, Chennai - 600 006, India. Tel: +91 (44) 28272233, Fax: +91 (44) 28257121 CIN: L27209TN1996PLC035293 E-Mail: [email protected] National Stock Exchange of India Ltd., Exchange Plaza, 5 th Floor, Plot No. 1/C, "G" Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051. Scrip code: HARITASEAT Dear Sir, 25 th February 2020 Reg: Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We hereby intimate that the Company has published a Notice informing the date fixed for hearing by the National Company Law Tribunal, Special Bench, Chennai ("The Tribunal") vide its order dated 19 th February 2020 with respect to Company Petition No. CP's/32 to 36/CAA/2020 filed in connection with the Composite Scheme of Amalgamation of Harita Limited ("Transferor Company 1") and Harita Venu Private Limited ("Transferor Company 2") and Harita Cheema Private Limited ("Transferor Company 3") and Harita Financial Services Limited ("Transferor Company 4") and Harita Seating Systems Limited ("Transferor Company 5" or "the Company") and Minda Industries Limited ("Transferee Company") and their respective shareholders. The Tribunal had fixed the hearing date as 27 th March 2020. Copy of the notice published in newspapers viz., Business Standard and Makkal Kural dated 25 th February 2020 is enclosed for your records. This is for your kind information. Thanking You, Yours faithfully, For HARITA SEATING SYSTEMS LIMITED 9 . N Iswarya Lakshmi Company Secretary Encl : a/a Works : Belagonda p alli, Thall y Road, Hosur- 635 114.lndia. Ph: + 91 4357 233445 Fax: + 91 4347 233460 Website: .haritaseating.com

Transcript of 9 Q...and 726 advanced on the BSE. Foreign port-folio investors (FPIs) sold shares worth ~1,161...

Page 1: 9 Q...and 726 advanced on the BSE. Foreign port-folio investors (FPIs) sold shares worth ~1,161 crore while domestic institutional investors bought shares worth ~516 crore. Market

Harita Seating Systems Limited Regd. Off: Jayalakshmi Estates, No.29 (Old No.8), Haddows Road, Chennai - 600 006, India. Tel: +91 (44) 28272233, Fax: +91 (44) 28257121 CIN: L27209TN1996PLC035293 E-Mail: [email protected]

National Stock Exchange of India Ltd.,

Exchange Plaza, 5th Floor,

Plot No. 1/C, "G" Block,

Bandra-Kurla Complex,

Bandra (E), Mumbai 400 051.

Scrip code: HARITASEAT

Dear Sir,

25th February 2020

Reg: Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We hereby intimate that the Company has published a Notice informing the date fixed for hearing by the National Company Law Tribunal, Special Bench, Chennai ("The Tribunal") vide its order dated 19th February 2020 with respect to Company Petition No. CP's/32 to 36/CAA/2020 filed in connection with the Composite Scheme of Amalgamation of Harita Limited ("Transferor Company 1") and Harita Venu Private Limited ("Transferor Company 2") and Harita Cheema Private Limited ("Transferor Company 3") and Harita Financial Services Limited ("Transferor Company 4") and Harita Seating Systems Limited ("Transferor Company 5" or "the Company") and Minda Industries Limited ("Transferee Company") and their respective shareholders.

The Tribunal had fixed the hearing date as 27th March 2020.

Copy of the notice published in newspapers viz., Business Standard and Makkal Kural dated 25th February 2020 is enclosed for your records.

This is for your kind information.

Thanking You,

Yours faithfully, For HARITA SEATING SYSTEMS LIMITED

9�Q__ �lvvu .rJ

N Iswarya Lakshmi Company Secretary Encl : a/a

Works : Belagondapalli, Thally Road, Hosur- 635 114.lndia. Ph: + 91 4357 233445 Fax: + 91 4347 233460 Website: www.haritaseating.com

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VIVEAT SUSAN PINTOMumbai, 24 February

For years, Oreo, the biscuitbrand with a catchytagline and a bag full of

extensions has positioned itselfaround personal indulgence. Itstagline, ‘Twist, lick and dunk’has helped its owner, the con-fectionary, food and beveragemultinational Mondelez, pitchthe brand as a playful breakfrom routine and the ritual itprescribes has become a pow-erful mnemonic for Oreo’srecall. But now the company isrewiring the memory grid, witha narrative that takes play moreseriously and paints it as a par-enting responsibility, askingparents to spend more timewith their children.

In the nine years since itsIndia debut, Oreo has snappedup a large slice of the market. Itsshare stands at 8.5 per cent incream cookies, a competitivesegment that includes rivalssuch as ITC and Britannia. Themarket for Oreo in India isalready the third largest after

the US and China and is expect-ed to grow even more, sayexperts, as Indians, especiallyin urban areas, develop a tastefor better products and gradu-ate to consuming creams andcookies versusplain biscuits.

Why then isMondelez tweak-ing the brand’spositioning, stir-ring in purposeand societal goodinto dough?Experts believethat the reasonsmust have beenextremely com-pelling for the shift. SudhanshuNagpal, director, Marketing(Biscuits), Mondelez India, saysthat the company wanted todrive purpose into its market-ing, something it has beendoing for a few years now glob-ally with Oreo.

‘Stay Playful’, he says isOreo’s global brand propositionthat aims to spark “playful”moments with family andfriends. The Indian leg, he says,

has been titled ‘Disconnect toConnect’, where a busy father isgently schooled by his daughterinto spending time with herand cajoled into stepping awayfrom his gadgets, emails and

phone calls.“The cam-

paign puts forththe message ofdisconnectingfrom the screenworld and spend-ing quality timein the real worldwith your family,”Nagpal says.Increasingly thisis a message sev-

eral brands have sought toadopt, a recent advertisementby mobile handset brand Vivoused a similar narrative wherethe child brings home the needfor calling a time-out on digitaldevices to spend quality timewith the family.

Robby Mathew, chief cre-ative officer, FCB Interface,which conceptualised and exe-cuted the campaign that showsa girl sending her father an Oreo

via mail, says, “The innocenceof the little girl sending an Oreoby email lent itself to a cute sto-ry. This campaign builds on the‘Stay Playful’ global platform.”

Mondelez isn’t the onlymarketer that is driving pur-pose into its brands. FromHindustan Unilever to Proctor& Gamble, Nestle, ITC, Dabur,Coca-Cola and PepsiCo, all con-sumer goods companies todayare driving purpose into theiradvertising and marketing. Aglobal survey by AccentureStrategy of nearly 30,000 con-sumers in 2018 found that 62per cent of customers wantcompanies to take a stand oncurrent and broadly relevantissues like sustainability, trans-parency or fair employmentpractices. The closer a compa-ny’s purpose aligns to their ownbeliefs, the better.

In the Indian context, thishas meant not only advertisingthat drives purpose, but also on-ground initiatives that helpaddress real problems, issuesand mindsets. It also helps, sayexperts, that companies inIndia have been mandated tospend two per cent of theirthree-year average annual prof-it on corporate social responsi-bility (CSR). According to arecent report by KPMG, morecompanies today comply withCSR norms, with 76 per centfirms having spent two per centor more of their profits on suchinitiatives in the past year. Thereport that covered 100 com-panies also revealed a 150 percent rise in the number of firmsthat have committed to carryforward their unspent amountinto CSR activities. And a 325per cent increase in the numberof companies that have dis-closed details of their CSR ini-tiatives in their annual reports.

For Mondelez, the‘Disconnect to Connect’ cam-paign will not be restricted to afew commercials alone.Instead, the company proposesto come up with a 360-degreeexercise by March includingextensive digital, outdoor andon-ground initiatives to drivehome the message. Nagpal didnot divulge what the digitalcampaign would entail, merelysaying that it will take Oreo’splayful proposition to the next level.

CHENNAI | TUESDAY, 25 FEBRUARY 2020 BRAND WORLD 13. <

Purpose drives theOreo brand wagonMondelez pushes its biscuit brand out of the playpen,looks for a more meaningful association with consumers

“The campaign putsforth the message ofdisconnecting fromthe screen worldand spendingquality time in thereal world with your family”

SUDHANSHU NAGPALDirector, marketing(biscuits) mondelez India

The new campaign focuses on responsible parenting within the overall global brand positionof ‘staying playful’

> FROM PAGE 1

Indices plunge...

On an overall basis, 1,796 stocks declined,and 726 advanced on the BSE. Foreign port-folio investors (FPIs) sold shares worth ~1,161crore while domestic institutional investorsbought shares worth ~516 crore.

Market participants said besides thevirus outbreak, investors will keenly look forsigns of recovery in corporate earnings. “Weare grappling with the effect of lacklustreearnings growth and, other than the taxcuts, there has been no tangible sign of arevival,” said Mukherjea.

Motera...“As we continue to build our defence coop-eration, the US looks forward to providingIndia with some of the best and most fearedmilitary equipment on the planet... And Iam pleased to announce on Tuesday ourrepresentatives will sign a deal to sell over$3 billion in the absolute finest state-of-the-art helicopters and other equipment tothe Indian armed forces. I believe the USshould be India’s premier defence partnerand that is the way it is working out,” saidTrump.

Lauding India for its Chandrayaan IIproject, Trump said the US was looking for-ward to “expanding space cooperation withIndia”.

Islamic terrorism, Pakistan, Bollywood,

and cricket also found mention in the near-ly half-an-hour speech as Trump looked athitting the right notes with the massivelocal crowd. However, contrary to specula-tion, the proposal for an AmericanConsulate in Gujarat, among others, didnot find mention in Trump’s speech.

Trump also lauded Modi over steps tak-en towards village electrification, internetconnectivity, access to cooking fuel, andbasic sanitation. “Incredibly, 12 Indian cit-izens are lifted out of extreme poverty everysingle minute of every single day.”

However, with much of the crowd gath-ered at the Gujarat Cricket Association-runMotera stadium being rural, the USPresident’s English speech could not holdtheir attention for long.

“Firstly, the speech was in a language wedidn’t understand. Secondly, we have beenhere since early morning and it was get-ting hot towards the afternoon,” saidMegabhai Bharwad, a farmer fromSabarkantha, who had come with his fellowvillagers in a bus arranged by the localadministration.

Landing first at Sardar Vallabhbhai PatelInternational Airport as part of his two-dayIndia trip, Trump, accompanied by FirstLady Melania and Modi, visited SabarmatiAshram and later to the world’s largestcricket stadium at Motera, amidst a road-show of over 100,000 people cheering fromthe sidelines.

Organised by Donald Trump AbhivadanSamiti comprising prominent citizens andpoliticians, the Namaste Trump event at

Motera Stadium was to be on thelines of Howdy, Modi! held inHouston last year. However, thelargely rural Gujarati crowd thathad gathered since early morningin a groundswell of support start-ed thinning out when Trumpbegan his address.

Moreover, unlike Howdy,Modi!, the Namaste Trump didnot see the two nation heads walkhand-in-hand along the newlyrebuilt cricket ground with theotherwise planned two hour-oddevent getting over in roughly anhour at Motera Stadium.

Pay more...“We continue to observe marketdynamics and consumer prefer-ences. Depending on the insights,we take decisions on our pricingstrategy,” a PepsiCo Indiaspokesperson said.

Despite the increase in theeffective tax rate after July 2017 —when goods and services tax cameinto effect — the two Cola giantsrefrained from hiking prices acrosstheir portfolio.

Specific changes in price forcertain SKUs helped them miti-gate some part of the additionalcost. However, their attempt to

absorb the higher taxation impacted theirbottom line. For example, Coke’s bottlingarm Hindustan Coca-Cola Beverages post-ed a net loss of ~118 crore in FY18.

Since the last price hike six years ago,prices of key raw material such as sugarhave risen in double digits.

In addition, its performance over thepast several quarters may have given Coca-Cola the confidence to raise prices. At leastsince late-2018, the India unit registeredsteady volume growth.

Ambani... The transformation was supercharged in2014, when the prime minister gave thecountry a vision of digital India, Ambanisaid, adding he was privileged to play a verysmall role in it with the launch of his tele-com company Jio.

“Just to share, pre-Jio we had what wecalled broadband with 256 kbps in Indiaand post-Jio we now have 21 mbps availableas average speed on data across every singlevillage in India. The pre-Jio data price was~300 to ~500 and for the poor as high as~10,000 a GB and post Jio its between ~12and ~14 a GB and what Jio has achieved inthe last three years is 380 million customerswho have migrated to the 4G technology.”

Referring to how the landscape could becompletely changed, Nadella askedAmbani what his ambition was in contextof what he could do for small and mediumand large businesses? “Let me say thatReliance was founded as a start-up fivedecades ago with a table and a chair and~1,000. It then became a micro industryand then small and medium and today youcan consider us large — I have been againvery fortunate in knowing Steve (Balmer)and Bill Gates from my Stanford days whenBill was recruiting Steve and I have seenthe growth of Microsoft since then. Everysmall business and entrepreneur in Indiahas the potential to become a DhirubhaiAmbani or a Bill Gates and that’s what dif-ferentiates India from the rest of the world:The entrepreneurial power we have in ourgrass roots is enormous.”

Voda Idea...The deal will also help Bharti Infratel raiseits stake in the merged entity from 33 percent to 37 per cent. At present, Bharti has 53per cent stake in the listed entity BhartiAirtel, while the rest is held by public share-holders. However, as the price of the non-listed Indus Towers’ shares was in the agree-ment pegged to that of Bharti Infratel —which has seen a sharp fall — VIL will getmuch less than what it had anticipated. Asof today’s stock price of Bharti Infratel, thevalue of VIL shares in Indus will fetcharound ~4,588 crore. The stock of BhartiInfratel has seen a sharp fall from as high~460 in 2017 to ~216 at present.

More on www.business-standard.com

SOLUTION TO #2981 EEaassyy::

Solution

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> BS SUDOKU # 2982

Page 3: 9 Q...and 726 advanced on the BSE. Foreign port-folio investors (FPIs) sold shares worth ~1,161 crore while domestic institutional investors bought shares worth ~516 crore. Market

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