THE MARKETS ON FRIDAY
SATURDAY, 6 FEBRUARY 2021 l NEW DELHI ~10.00
Sensex 50,731.6
Nifty 14,924.3
Nifty Futures* 14,930.7
Dollar
Euro
Brent crude ($/bbl)
~72.9
~87.4
59.3##
Gold (10 gm)### ~47,048.0
*(Feb.) Premium on Nifty Spot; **Previous close;
# Over previous close; ## At 9 pm IST;
### Market rate exclusive of VAT; Source: IBJA
OPPONENTS OF FARM
LAWS COULDN’T SHOW
SINGLE FLAW: TOMAR
As the Opposition continued to attack the
Centre on the three farm Acts in Parliament,
Agriculture Minister Narendra Singh Tomar
launched a strong defence of the laws in the
Rajya Sabha on Friday. He said none of the
protesting farmer unions and opposition
parties was able to point out any lacuna in
them. Tomar’s defence came just a day
before a nationwide chakka jam by farmer
unions. The farmers said they would not
13 >
enter Delhi to enforce the jam.
THE SMART INVESTOR PII,1
Capping week of firsts,
Nifty crosses 15,000
The Nifty crossed 15,000 in intra-day trade
for the first time on Friday. The index
touched an intra-day high of 15,015 but
failed to sustain the gains. It shed some
ground to close at its all-time high of
14,924.25, up 28.60 points or 0.19 per cent.
On Wednesday, the benchmark Sensex had
closed above 50,000 for the first time.
NIFTY LOGS BIGGEST WEEKLY
GAINS SINCE APRIL PII, 1
Net change 1290 % change 9.5
THE SMART INVESTOR PII, 2
Mahindra net zooms 40%
despite impairment hit
Led by robust volumes of tractors and
stringent cost control measures, Mahindra &
Mahindra posted a 40 per cent uptick in net
profit year-on-year to ~531 crore in the
December quarter. The bottomline of the
standalone entity (including vehicle making
unit MVML) was pegged back by impairment
provisions taken by the company for its
Korean subsidiary, Ssangyong Motor Co.
> RESULTS RECKONER
Quarter ended Dec 31, 2020; common sample
of 843 companies (results available of 929)
SALES
Dec 31, ’19 1.7% ~138.02 trillion ì
Dec 31, ’20 2.4% ~141.38 trillion ì
NET PROFIT
Dec 31, ’19 39.8% ~8.85 trillion ì
Dec 31, ’20 74.2% ~15.43 trillion ì
ON
SPECIALS
SATURDAY
WEEKEND RUMINATIONS
The power of narrative 11 >
If the government wants to regain the
initiative, it must regain credibility. And
not just with farmers but also with others
who believe that those ruling in Delhi no
longer represent them. T N NINAN writes
NATIONAL INTEREST
A lost battle 11 >
Modi govt has already lost the battle
on farm laws. It will err even more
gravely if it persists with the Sikh
separatism bogey. SHEKHAR GUPTA writes
Visa demand in top IT firms set to decline
Jump in onshore hiring, travel curbs due to Covid crisis contributing to the fall
SHIVANI SHINDE
Mumbai, 5 February
With local hiring gaining ground and the
pandemic restricting travel, dependence on
visas among top IT services firms will come
down in the next two to three years, say
industry experts.
Though US President Joe Biden has
signed executive orders reforming the
immigration system and rescinded some
measures affecting the IT industry, it seems
the industry has found a way to reduce
dependence on visas such as H1-B and L1.
Tata Consultancy Services (TCS), the
largest IT services firm, has been working on
hiring more locals for more than six to seven
years. The company, like its India hiring
strategy, has been strengthening its tie-ups
with colleges in the US and hiring students.
Between April last year and January,
onshore hiring, including taking in trainees
and the experienced, stood at 10,938. Of
those over 3,000 were hired in the October-
December quarter.
chg#
VOLUME VIII NUMBER 27 l 22 pages in 2 sections
p 117.3
p 28.6
p 6.4
~73.0 **
~87.5 **
58.8 **
q
~214.0
P U B L I S HE D S I MU L T A N E O USL Y F R O M AH M E D AB AD , B E NG AL UR U, B H UB ANE SW AR , CH AND I G AR H , CH E NNAI , H Y D E R AB AD , K OCHI, K OL K ATA, L UCK N OW , MUMBA I (AL SO P R IN TE D IN BHOP AL ), N E W DE L HI AN D P UN E
RBI to roll back CRR cut in
phases, assures liquidity
REPO RATE UNCHANGED AT 4%; BOND AUCTION DEVOLVES AS YIELDS
STANCE STAYS ACCOMMODATIVE SURGE; FY22 GROWTH PEGGED AT 10.5%
ANUP ROY
Mumbai, 5 February
T
he Reserve Bank of India (RBI) on
Friday kept its policy rates
unchanged, assured the bond
market of ample liquidity, and
promised an ‘accommodative’ stance as
long as necessary.
After the policy, the repo rate (at which the
RBI lends to the banks) stands at 4 per cent
and the reverse repo rate (at which it takes
money from banks) at 3.35 per cent. But the
cash reserve ratio (CRR), or the amount of cash
that banks are required to maintain with the
RBI at zero interest, will be scaled back to 4
per cent in two phases. Effective March 27, it
will be raised to 3.5 per cent from 3 per cent
now, and on May 22, the CRR will be norma-
lised back to 4 per cent. The CRR was reduced
by one percentage point last year in view of
the Covid crisis, and was due to be rolled back
in March this year.
The bond market was, however, miffed by
the fact that no other additional measures on
liquidity were announced to ease the pain of
the market, except for extending some past
relaxations. The government in the Budget
announced ~12 trillion of borrowing for the
next fiscal year and ~80,000 crore extra this
year. The bond yields have risen at least 15
basis points since then, and the market was
expecting that the RBI would be announcing
a calendar outlining a huge amount of sec-
ondary market borrowing. That did not
happen. RBI Governor Shaktikanta Das said
the central bank stands “committed to ensur-
ing the availability of ample liquidity in the
system and thereby foster congenial financial
conditions for the recovery to gain traction.”
The RBI did extend some relaxations to
banks to enable them to invest more in gov-
ernment bonds. The enhanced held-to-matur-
INSIDE BOND MARKET KO GUSSA KYUN AATA HAI
TAMAL BANDYOPADHYAY WRITES P9
2-wheeler firms back on capex path
ARINDAM MAJUMDER
New Delhi, 5 February
Two-wheeler makers are plan-
ning to resume their capital
expenditure plans in FY22 as they
see signs of recovery in demand
after an almost year-long slump.
This will come as a boost for
the government, seeking private
sector capex. With the automo-
bile sector accounting for over
7.1 per cent of the country’s
gross domestic product, there’s
a lot riding on this industry,
analysts believe.
“We plan to revive our capex
cycle from FY22 and we estimate
it to be in the range of up to
~1,000 crore,” Niranjan Gupta,
chief financial officer at Hero
MotoCorp, the largest two-
wheeler seller, said. Hit by the
pandemic, the company had
pared its capital expenditure for
the current fiscal to ~600 crore.
CUTTING DEPENDENCE
| TCS hired over 3,000 in the
US in Q3FY21, highest ever
| In FY20, TCS hired 2.5
times its usual fresher intake
| Infosys to hire 12,000
American workers over
the next 2 yrs
| HCLTech to hire 20,000
over the next 4-6 months;
15% to be onshore
The Q3 hiring number is the highest ever
for the company, said HR experts.
In the US over the past five years, TCS has
hired 20,000 employees, according to the
company’s FY20 Annual Report. In FY20,
the firm hired over 2.5 times its usual fresher
intake. It also said for very short-term
assignments, it used sub-contractors.
“All this has brought down our use of
COMPANIES P3 ECONOMY & PUBLIC AFFAIRS P8
VROOM! OVER 30 SUPERBIKES BUDGET ENVISAGES PVT SECTOR
TO BE LAUNCHED THIS YEAR PARTICIPATION IN BIG WAY: FM
www.business-standard.com
Expert panel
Big reforms: Retail
“(WE HAVE) NOW MOVED
BEYOND PENT-UP DEMAND investors given rejects Pfizer’s
TO ACTUAL DEMAND AS direct access to
THE LOCKDOWN GETS govt bonds market
application for
STEADILY LIFTED” ANUP ROY
SHAKTIKANTA DAS, Mumbai, 5 February
Covid vaccine
RBI governor
T
he Reserve Bank of India on
Friday gave retail investors direct
access to the government
securities markets — a move termed by
Governor Shaktikanta Das as a “major
Cites serious adverse events
structural reform”. SOHINI DAS
FAILING THE
India, in fact, will be the third nation in
the world, after the United States and Brazil,
Mumbai, 5 February
REGULATORY TEST
where retail participants can take direct India’s expert panel on Covid-19 | Pfizer was the first pharma
exposure to the government bond market. drugs and vaccines has turned
Experts agreed with the RBI governor
firm to seek emergency use
down US pharmaceutical major
and said the move would likely change the authorisation for its Covid
Pfizer's application for emergency
ILLUSTRATION: AJAYA MOHANTY
dynamics of the bond market in India and use authorisation for its vaccine vaccine from DCGI
could obviate the need for the country to candidate — already in use in the | On February 3, the expert
chase foreign investors by listing Indian US and UK — in the absence of committee deliberated on
bonds in global bond indices. any plan on the firm’s part to gen- the firm’s application
Domestic investors, if tapped erate safety and immunogenicity
meaningfully, are potentially an data in the local population. | The panel noted serious
inexhaustible source of funds for the Immunogenicity means the adverse events, including
palsy and anaphylaxis
government when it is trying to borrow
~12 trillion from the markets in the next
ability of a vaccine candidate to
generate the desired immune | Causality of these events
ity (HTM) limit of 22 per cent, from the usual financial. This is also widening the response against the pathogen. being investigated, it
19.5 per cent, done last year, was extended till investor base even without Pfizer on Friday said it had said; insisted on bridge
March 31, 2023, to include securities acquired compromising on existing policies on withdrawn its application, and
domestic bond investment much. trials in India
between April 1, 2021 and March 31, 2022. would submit additional data as it
Special dispensation on the marginal standing Bringing retail to the bond market, becomes available in the near | India wants a 1,600-subject
facility was extended for another six months. which will automatically deepen the future. India has insisted on hav- trial here to test safety and
Banks can now deduct credit disbursed to new market, and eventually develop ing a safety and immunogenicity immune response
medium- and small-scale borrowers from the corporate bond market, has long trial in the country. This became
their net demand and time liabilities for cal- been on the agenda of the regulator and an important consideration for the | Pfizer says may re-apply
culating the CRR, in the case of lending up to the government but nothing much expert panel, which noted that when it has additional data
~25 lakh per borrower. Turn to Page 13 > could be done. Turn to Page 13 > there had been several serious NOVAVAX, BHARAT BIOTECH’S
adverse events in the case of the CANDIDATES GET TRIAL NOD P4
Pfizer-BioNTech vaccine and the
HOW TO TAPER WITHOUT A TANTRUM MORE REPORTS causality of these events was being in India is a must for the expert
SONAL VARMA WRITES P6 PAGE 6 investigated. panel to recommend approval to
The company met the subject any vaccine candidate,” said a
expert committee (SEC) on source in the know.
February 3. Sources said that the A spokesperson for Pfizer,
Indian drug regulator had decided
to not allow emergency use
approval for any vaccine candi-
date unless it was backed by data
however, said, “Based on the delib-
erations at the meeting and our
understanding of additional infor-
mation that the regulator may
DRIVING THE CHANGE from a local bridge trial. “Safety
and immunogenicity data from at
need, the firm has decided to with-
draw its application.”
Capex plans of two-wheeler majors least a 1,600-volunteer bridge trial Turn to Page 13 >
Company Hero MotoCorp Bajaj Auto TVS Motor
FY21 ~650 cr ~250-400 cr ~300 cr
FY22 Up to ~650 cr over ~500 cr
~1,000 crore additional capex
Purpose Development of To develop
premium and plant at
Development of
premium and
Special PMLA
electric products Chakan, Pune
Source: Respective company
electric products
court summons
Hero’s move to increase capex
coincides with the company
reporting its highest-ever reve-
nue for the quarter ended
and analysts pointed out that a
major portion of the capex will be
meant to improve research and
development rather than adding
two-wheeler by early next year.
“The future is electrification.
Going forward, electric and
developing premium products
Kochhar, Dhoot
December 2020. According to the additional capacity. The new will be a big focus area for us,” Enforcement Directorate ‘establishes’
company’s head of sales Naveen investments will be primarily Pawan Munjal, chairman and
Chauhan, the macro-economic used for developing new pro- chief executive at Hero, had proceeds of crime to the tune of ~72 cr
factors signal that henceforward, ducts in the electrical vehicle seg- recently said. For this the com-
the demand will sustain. ment and launching more pre- pany had announced its inten- SHRIMI CHOUDHARY
“Opening up of schools and col- mium vehicles, they indicated. tion of investing ~10,000 crore New Delhi, 5 February
leges will give a big push to urban The company is trying to over the next few years, including
demand,” Chauhan said. increase its share in the premium investments on new manufactur- A special court has summoned
However, industry executives segment and launch an electric ing lines. Turn to Page 13 > former ICICI Bank chief execu-
tive officer Chanda Kochhar,
Videocon Group Chairman
Venugopal Dhoot, and some
others on February 12 in a
money-laundering case in which
they have been implicated.
The move, under the
Prevention of Money Laundering
ILLUSTRATION: BINAY SINHA
Act (PMLA), will pave the way for
Infosys Chairman and co-founder trial against Chanda Kochhar and
Nandan Nilekani, recently at an event the other accused following the
organised by the Public Affairs Forum of charge sheet filed by the
India (PAFI), said with increased Enforcement Directorate (ED) in
protectionism companies needed to be November.
active players in every market. Last year, the According to sources, the
Bengaluru-based firm unveiled plans to hire agency has established as the
12,000 American workers over the next two proceeds of crime ~72 crore,
years, bringing its hiring commitment in the which was laundered through
US to 25,000 over five years. companies of Chanda Kochhar’s
Former ICICI Bank CEO Chanda
Peter Schumacher, chief executive husband, Deepak Kochhar.
officer, Value Leadership Group, said the Besides, Chanda Kochhar’s Kochhar (top) and Videocon
thinking underlying the decisions of Indian flat in Mumbai is found to have group promoter Venugopal
Dhoot have to appear before
IT services firms to hire more employees in been purchased with allegedly
the court next Friday
the US went beyond simply responding to ill-gotten money. The market
travel restrictions and immigration barriers. value of the property is about Deepak Kochhar….”
work visas to a small fraction of what it used “Moving staff closer to customers and ~30 crore. It further said the “material
to be five years ago, de-risking our business customer-based delivery teams will allow The court said: “It appears gathered and produced by the ED
significantly. Looking at the future, as I the Indian companies to sharpen their that accused Chanda Kochhar constitutes the commission of a
mentioned earlier, the virtualisation of customer focus, understand their had misused her official position schedule offence”.
many activities with SBWS (Secure customers better, and gain the ability in granting loan to accused V N The judge said: “I am of the
Borderless Workplaces) will reduce the need to act faster in response to or in Dhoot and/or Videocon group opinion that this material is suf-
for travel and co-location even further,” said anticipation of changes in the companies and got illegal grati- ficient to proceed against the
Milind Lakkad, chief human resources customer situation,” said Schumacher. fication/undue advantage accused persons.”
officer, TCS, in the Annual Report. Turn to Page 13 > through her husband accused Turn to Page 13 >
2 COMPANIES
>
NEW DELHI | 6 FEBRUARY 2021 1

IN BRIEF
Razorpay drives e-payments Airtel steals march as exit from 4G handsets hits Jio
in small towns, eyes 5-mn biz SURAJEET DAS GUPTA
New Delhi, 5 February
by the disruption of the move-
ment of migrant workers due
CONNECTING PEOPLE nBharti Airtel nReliance Jio (in mn) say that most subscribers used
Bharti Airtel as the primary
Fintech unicorn Razorpay said it registered to the pandemic, along with 14.2 SIM. In short, Bharti’s persist-
3X growth in payment volumes over the past Reliance Jio’s target of having the farmers’ agitation which 13.8 ent strategy to go for value
12 months, thanks to the thousands of small 500 million mobile customers has seen  protestors targeting 9.7 added customers has worked.  
and medium businesses (SMBs), especially is proving more elusive than it its food retail and related busi- Analysts like Kotak Secu-
6.9
from tier 2 and 3 cities, who chose the might have expected, stymied nesses in many places. But rities point out that Bharti Airtel
payment gateway as they went online for by Bharti Airtel’s success in those in the know do not buy 5.2 seems to have benefitted from
the first time. This led to large scale adoption adding more subscribers than this argument because many two factors. One is the churn
of digital payments across the country, as Jio for two consecutive quar- of these problems are com- among Jio subscribers, many of
Razorpay witnessed over 54 per cent of ters and widening the lead mon to all telcos. whom will have their contracts
digital transaction volume coming from SMBs in tier-2 and 3 cities between the two rivals. The real reason for the ending in the coming months
alone. Online transactions in cities like Ahmedabad and Jaipur In Q3 of FY21, Bharti Airtel slowdown, they say, is the near and are looking at upgrading to
grew by about 50 per cent within a week's time. The Tiger Global retained its number one posi- withdrawal from the market of -3.7 a smartphone. The other is the
and Sequoia-backed firm aims to further accelerate this digital tion in terms of net subscriber Jio’s subsidised 4G feature benefit to Bharti Airtel of
revolution, by enabling 5 million new Indian SMBs to adopt digital additions by adding 14.2 mil- phone offering which came Q1FY21 Q2FY21 Q3FY21 Vodafone Idea continuing to
payments in the next 12 months. Currently, the company serves lion subscribers, nearly three bundled with data. Based on Net addition of subscribers lose subscribers, a process that
over 5 million businesses. PEERZADA ABRAR times more than the 5.2 mil- estimates, the shipments of Source: Companies continues unabated.
lion added by Reliance Jio the phone in October-Nove- Deutsche Bank Research
which found itself relegated to mber fell to only 1 million. also points out that the incr-
Zomato partners Nayara Energy now once again to second place. Priced at just under ~2,000, addition has slowed down.   the latter has also played its eased the tariff but offered eased utility of broadband  has
govt to build street has over 6,000 It was in Q2 FY21 that the phone was a cost-effective Some months ago, Jio cards well. This quarter, it has OTT bundled with it.  And helped users move up the curve
Bharti Airtel first leapt into the way to push the over 400 mil- announced that it had tied up again seen a net increase in remember, post-paid cus- to become premium users of
food vendor project petrol pumps number one position when it lion 2G customers (a large with Google to develop a low the high average revenue per tomers are stickier,” said a Bharti Airtel with increases in
Food delivery and technology Nayara Energy now has over notched up 13.9 million new chunk of whom were with cost, Android-based 4G smart- user (ARPU) postpaid sub- Bharti Airtel executive.   postpaid net additions and 4G
company Zomato is scaling up 6,000 fuel retail outlets (com- subscribers as against Jio’s 6.9 Vodafone Idea which was los- phone. The phone is expected scriber base of 0.7 million. Airtel also added 13 million users going up by 34 per cent
its programme to support monly called petrol pumps) milllion. For the first time in ing market share) to upgrade to be subsidised, bundled with This follows on from a similar 4G customers in this quarter quarter-on-quarter.
street vendors. It has onboa- across the country. Over the the past four years, ever since to 4G. The strategy worked. data, and cost under ~5,000. It trend last quarter.   which account for 90 per cent However, it adds that data
rded 300 street vendors on its past five years, the number of its 4G launch, Jio found itself Jio garnered over 110 million is expected to power the big This upturn took place of the total industry 4G net use is up by 52 per cent year-
platform, across six cities in the its fuel retail outlets have pushed back into the second or nearly a fourth of its cus- push the company needs to despite Reliance Jio deciding additions. With 165 million on- year and 16 GB of data traf-
first phase. The Deepinder tripled. The company added spot. The substantial slowing tomers through the feature make to get new customers. to aggressively enter this mar- customers, this segment acco- fic per user per month and a
Goyal-led firm has signed a around 600 retail outlets in the down of Jio’s net additions can phone offer. According to But the launch has been ket by announcing new post- unts for 54 per cent of its total $2.30 ARPU  do not combine
memorandum of understa- last fiscal year. “Since October be gauged from the fact that independent estimates, nearly delayed, perhaps until the end paid tariff plans bundled with customer base and must be to generate strong cash flows
nding with the Ministry of Ho- 2020, Nayara Energy has been in the previous four quarters, 30-40 per cent of the incre- of the first quarter, and this OTT services. The offer failed good for revenues as 4G cus- from operations. To meet this
using and Urban Affairs (Mo- launching new retail outlets it was adding 12 million net mental subscribers came from interregnum has allowed to make a dent in the market. tomers have higher ARPUs. challenge, researchers say
HUA) under the Prime Minister with the Nayara brand and has subscribers every quarter. customers buying the feature Bharti Airtel to exploit the lack “The Reliance pos-paid tar- Moreover, with high data Bharti Airtel will need to work
Street Vendor’s AtmaNibhar unveiled more than 200 new The company says the blip phone offer. In its absence, the of a killer offer from Jio. iff is not an aggressive pricing consumption of 16.8 GB per out how to cost efficiently and
Nidhi (PM SVANidhi) Scheme to Nayara branded fuel retail ou- is a temporary phase caused incremental subscriber Apart from this advantage, offer. They have, in fact, incr- month per subscriber, analysts add capacity.
onboard food street vendors tlets in the country,” a
on its platform. BS REPORTER statement said. BS REPORTER

Alliance Air to Suzlon December

induct Made in
India planes
qtr loss narrows
to ~118 crore Future deal at risk: Lawyers Fast-food chains
Alliance Air will induct two Ma-
de in India Dornier 228 aircraft
to focus on northeast routes.
Suzlon Energy's consolidated
net loss has narrowed to
~118.06 crore in the December
DEV CHATTERJEE
Mumbai, 5 February
get future-ready
Alliance Air, which is Air India's quarter on the back of higher
as biz recovers
T
regional arm, on Friday signed revenues. The net loss of the he Future-Amazon legal fracas
a MoU with Hindustan Aerona- company was ~742.91 crore in over shareholder rights of the
VIVEAT SUSAN PINTO
utics to dry lease the 19-seater
planes. Alliance Air will be first
the quarter ended on Dece-
mber 31, 2019, the company
American giant may not only
delay the ~24,000 crore transaction Mumbai, 5 February
WHO STANDS WHERE
airline to use Dornier 228 planes said in a regulatory filing. Total but threatens to even derail it, say cor- % market share by
for passenger flights, it said. income rose to ~959.52 crore in porate lawyers. Food service players such as outlet count FY20
Currently, the Dorniers are bei- the quarter under review, from While both Future and Amazon are Jubilant FoodWorks and Domino's
ng flown by Indian armed ~672.99 crore in the same putting strong arguments in the Delhi Westlife Development are put- Subway
19
forces. BS REPORTER period a year ago. PTI High Court against each other, corporate ting a blueprint in place that 8
lawyers said the best way forward is to will see the two companies McDonald's
negotiate with each other on how to accelerate store launches and 7
make sure that Future group companies focus on both dine-in and KFC
Nasscom welcomes delay in do not end up in bankruptcy courts. delivery in the future.
Burger
King 6
implementing new H-1B rule “Amazon has made some strong argu-
ments related to shareholder rights. TRACKING THE FINANCIALS as shareholders’ rights are getting ham-
The move comes as the
fast-food business recovers
4
Others
The information technology services industry body National Asso- Once an agreement is signed, one of the pered due to the merger,” said another fast amid a rapid shift from Source:
Figures in ~ cr for H1FY21 Motilal Oswal 56
ciation of Software and Services Companies (Nasscom) welcomed partners cannot take unilateral deci- lawyer. unorganised to organised and
a US announcement to delay the implementation of a new rule to sions, which would ultimately result in Net sales PBIDT PAT “Besides, the argument that close to lockdown restrictions com-
allot H-1B visas. “To give USCIS (US Citizenship and Immigration Amazon holding stake in shell com- Future Retail 2,782 8 -1,254 25,000 jobs will be lost if RIL-Future deal pletely lifted across markets. in delivery and takeaway cha-
Services) more time to develop, test, and implement the modifi- panies,” said RS Loona, managing part- Future Consumer 619 -151 -215 does not go through sounds weak as the Last week, Mumbai, among nnels,” Pratik Pota, chief exe-
cations to the H-1B registration system and selection process, DHS ner of Alliance Law, a corporate law firm. Future Lifestyle 495 -137 -611 issue here is of shareholders rights which the last markets to reopen for cutive officer and whole-time
(Department of Homeland Security) is delaying the effective date In 2019, Amazon had acquired a will impact future cases too,” said the dine-in services, permitted director of Jubilant Food-
of this final rule from March 9, 2021, to December 31, 2021. The delay 49 per cent stake in Future Coupons
Future Enterprises 417 192 -577 lawyer. “The future of the deal itself is restaurants to remain open Works, said. “We are now shift-
will also provide more time for USCIS to train staff and perform (FCPL), the promoter entity of Future Future Supply 200 11 -124 under cloud unless Amazon and Future till 1 am. ing gears and preparing for an
public outreach as well as give stakeholders time to adjust to the Retail, for about ~1,500 crore. But within Total 4,514 -77 -2,782 group settle the issue,” he said. Westlife Development, exciting period of growth
new rule,” the USCIS said in a statement. NEHA ALAWADHI months of signing the deal, Future group Compiled by BS Research Bureau Source: Capitaline As the litigation went on in India which runs McDonald’s res- ahead,” he said.
started losing money and finally in and Singapore, the group’s liquidity taurants in the west and south In an investor call, Jubilant
August 2020, it struck a deal to sell all its the SIAC passed an order in favour of position was severely impacted on of India, will get back to adding FoodWorks outlined its plans,
assets to Reliance Industries (RIL) after Amazon. account of lockdown measures, which 25-30 stores per annum from including setting up over 110

Analysts want new merging all group companies into a sin-

gle entity — Future Enterprises.
Amazon then sent a legal notice to
The matter is currently pending with
a division bench of the high court after
a single judge bench blocked the deal.
hampered group companies’ ability to
generate cash flows (see chart). The
flagship, Future Retail, has applied for
FY22. “Store openings are on.
Since real estate prices have
rationalised, it gives us room
stores in FY21, indicated that
it would add 3,000 stores in
the future, up from 2,000

Cognizant CEO to
show results soon
NEHA ALAWADHI
New Delhi, 5 February
Analysts tracking the per-
formance of Cognizant Tech-
nology Solutions said the
company must quickly over-
come a “difficult period” it
had been facing over the past
year after its December
quarter results did not match
industry peers.
“Since the new CEO Brian
Humphries (pictured) joined,
the results (of his decisions)
have not come yet. The com-
pany has been plagued with
one or the other issue over the
past year... but it is still in the
initial transformation phase
under the new CEO,” said
Pareekh Jain, founder and
lead analyst at EIIR Trend.
The New Jersey-based fi-
rm said it expects net profit
in 2021 to be $17.6-18.1 billion,
at a growth rate of 5.5 per ce-
nt-8.5 per cent, or 4.0-7.0 per
last year. The follows calendar
year for accounting.
Humphries joined Cogn-
izant as CEO in 2019 and had
been articulating his strategy
over the past few quarters.
“We see a meaningful oppor-
tunity for cross-selling in our
existing accounts, given our
refreshed client-facing teams,
stronger portfolio, and
enhanced account planning,”
he said during a post-earn-
Future, alleging the retailer’s deal brea- Another lawyer said various Future moratorium, in accordance with the to lock more properties. And stores it had guided earlier.
ched an agreement with the American group companies raised funds from mul- RBI package. It sought additional work- our strategy has been to have Jubilant FoodWorks has
e-commerce firm which gave it the right tiple foreign investors while assuring ing capital limits. a diversified real estate port- 1,314 stores now, implying that
of first refusal. Amazon moved them of good returns. Some banks have already released the folio,” Amit Jatia, vice-chair- the company will add three
Singapore International Arbitration
Centre (SIAC), claiming violation of con-
tractual rights by the Future group relat-
“The Future group cannot merge all
group companies while keeping a shell
company for other shareholders. It will
additional working capital. The com-
pany has also applied to lenders for a
one-time restructuring facility under the
man, Westlife Development
said in a recent interaction
with Business Standard.
times the number in the com-
ing years. On the other hand,
Westlife Development oper-
ing to sale of business to Reliance and be difficult for the courts to clear the deal RBI guidelines issued on August 6, 2020. Westlife Development is ates 304 outlets currently,
also expected to focus on both which it proposes to take to
dine-in and deliveries as busi- 500 by FY23. Burger King
ness recovers sharply. “Dine- India, which listed in
Britannia net up 22%, revenue rises 6% Sundaram Finance in sales for December was 83 December, has said it will open
per cent of pre-Covid levels, 700 restaurants by December
posts 45% rise which is a good sign. Also sales 2026, up from 268 outlets now.
Led by buoyancy in rural econ-
omy and recovery in urban
on the back of buoyancy in
rural economy and recovery in
ate inflation in the materials
prices, except palm oil.
in profit in Q3 from our convenience chan-
nels such as take-away, deliv-
Analysts at brokerage
Motilal Oswal say the domestic
markets, Britannia Industries urban markets. The other “We neutralised the infla- Non-banking finance firm ery, and drive-throughs have food services industry, esti-
on Friday posted a 22 per cent channels such as modern tion by accelerating our cost Sundaram Finance on Friday remained robust. This, to me, mated to be ~4.2 trillion in size,
increase in net profit for the trade, institutional business efficiencies and sustained the reported a 45 per cent rise in indicates that the confidence is expected to grow by 9 per
third quarter of FY21 at ~452.6 continue to face challenges new efficiencies that we witne- its net profit for the third qua- in organised players, especially cent over the next five years.
crore, as compared to the cor- with lower footfalls in stores ssed during the lockdown. rter of 2020-21 financial year at western QSRs, remains intact,” Of this, the quick-service res-
responding period a year ago. and offices, schools, railway These measures helped us re- ~242 crore against ~167 crore in Jatia said. taurants (QSRs) or fast-food
The consolidated revenue services coming back to nor- cord a 260 bps increase in oper- the same period a year ago. Jubilant FoodWorks, the chains have been the fastest
for the December quarter stood malcy gradually,” said Varun ating profit during the quarter Disbursements in Q3 went up master franchisee of Domino’s growing and will remain so for
at ~3,106 crore, a rise of 6 per Berry, managing director, versus last year,” said Berry. by 8.5 per cent to ~4,307 crore Pizza and Dunkin Donuts in the foreseeable future.
cent YoY. However, on a seq- Britannia Industries. In Going forward, the com- compared to ~3,968 crore for India, said it opened 57 Domi- QSRs are expected to grow
uential basis the revenue fell addition, Britannia has been pany will continue to acceler- the same period a year ago. no stores in the October-Dec- at 19 per cent over the next five
7.3 per cent. It was ~3,354 crore gaining market share over the ate the pace of innovation and Net income ended December ember period, the highest in a years, driven by affordability,
in the September quarter. past several quarters, said the new launches as the purchase 31 went up by 7 per cent to single quarter. “We turned the globally well-known and aspi-
“General trade, which is the company in a BSE filing. basket of the consumers begins ~1,045 crore from ~976 crore corner decidedly in Q3 with rational brands and benefits of
largest channel for us, con- On the cost front, the Good to see diversification. posted in the same period last Domino’s returning to growth, scale and sourcing among oth-
tinues to grow at a healthy pace Day maker witnessed moder- SAMREEN AHMAD year. TE NARASIMHAN driven by strong momentum er factors, Motilal Oswal said.

‘We know what content our user base looks for’

cent in constant currency te-
rms. Financial services’ reve-
nue at the firm decreased 11.1
per cent YoY following the
exit of a large customer in co-
ntinental Europe. As a result,
it recorded a reduction in re-
venue of $107 million and ad-
ditional expenses of $33 mil-
lion. Peter Bendor-Samuel,
CEO at Everest Group, said
several unique factors were
involved in the said deal
which may mean the under-
lying struggles were not
endemic to other deals.
In the quarter ended
December 31, 2020, Cogniz-
ant posted 20 per cent decline
in net profit to $316 million,
against $395 million in the
same period the year before.
The company’s full-year
net profit declined 24 per cent
to $1.39 billion against $1.84
billion last year, while reve-
nue remained flat at $16.65
billion against $16.78 billion
ings conference call with ana-
lysts after reporting the
fourth-quarter results on
February 3.
“Cognizant has to quickly
overcome barriers of a diffi-
cult period which it has been
going through for the past
year in terms of attrition and
ransomware attack, which
has dented its image. It may
have to reorient itself for faster
growth trajectory. We see
some endeavours in this
direction and we have to wait
and watch. Digitisation, trans-
formation and cloud migra-
tions are already happening.
Creative destruction of legacy
approaches can help Cogn-
izant,” said D D Mishra, senior
research director at Gartner.
In the September quarter,
Cognizant reported attrition
of 18 per cent. The company
was also hit a ransomware
attack that it confirmed in
April last year.
BookMyShow Stream debuts this week, joining the likes of Netflix and MX Player, could rent or buy the film. If you forthcoming films and gives us
in a market crowded with 60-odd video apps. In a year that has devastated the rent a film it is available for 30 days the flexibility to refresh our
movie business, it seems logical for India’s largest movie ticketing site to venture after which the file becomes inac- content, if needed. For example, if
into streaming. Where does the ~619-crore firm that sold over 200 million tickets cessible. The price could vary from we have 100 films from the
annually (before the pandemic) sit in India’s hyper-competitive OTT market? ~40-400 depending on the movie. Warner catalog, of which only 50
Vanita Kohli-Khandekar spoke to ASHISH SAKSENA, chief operating officer(COO), The moment you start watching a titles are doing well, we can
cinemas, BookMyShow. Edited excerpts: film you have to finish it in 48 refresh the remaining by choosing
hours. It is available across two other films from their library. The
Why a streaming app? segments. One, if you have missed devices for streaming or download. nature of the financial relation-
BookMyShow Stream is strategic in the film in the theatre say Tenet If you buy it, the price varies from ship is consistent across studios.
the sense that it is an and Wonder Woman ~100-600 for two devices. You can
extension of the cinema 1984 (which are releasing watch it as many times as you like Why have a pay-per-view
business. Once a movie post-theatrical on for six months. (PPV) model, why not straight
is out of the theatre, one BookMyShow Stream). out streaming?
window is still left before Two, world cinema or What has the reaction been We are not pay-per-view but TVoD
it goes onto other AVoD films that have been suc- from studios? because we have data with us.
or SVoD (advertising/ ASHISH SAKSENA cessful on the festival cir- We are launching with 600 titles BookMyShow gets 200 million
subscription video-on- cuit. What we try to get is (going to 2,000 over the next 12 visits a month. We know what
COO, cinemas,
demand) platforms. BookMyShow accessible films that months). We have deals with content our user base, which pur-
BookyMyShow Stream have been successful in the movies that will be premiering Warner, Sony, Universal, Via- chases tickets on our platform,
sits between the theatri- their home markets — on BookMyShow Stream. com18, Rajshri, Shemaroo plus looks for. We are able to anticipate
cal and subscription platform win- say Argentina, Spain — direct onto with independent distributors your behaviour (and choose our
dows. It is Transaction Video on TVoD. Alone, Yes God Yes, and The What is the model? and others. These are long-term films accordingly). Therefore, we
Demand (TVoD) and targets two Peanut Butter Falcon are some of This is a pay per title model. You deals with access to past catalogs, say we are curating content.
.
NEW DELHI | 6 FEBRUARY 2021 COMPANIES 3 <

Over 30 superbikes set Real estate players MakeMyTrip

raises $200 mn
rejoice as Delhi cuts in 0% interest
to hit the road this year
Manufacturers eye double-digit growth on low base and pent-up demand circle rates by 20%
coupon bond
NEHA ALAWADHI
New Delhi, 5 February

SHALLY SETH MOHILE On the back of the new launches and old in India, is stepping up localisation to ARNAB DUTTA material cost. “In this scenario, MakeMyTrip (MMT) on
Mumbai, 5 February brisk volume growth, Jhabakh expects the ensure it is able to price models compet- New Delhi, 5 February lower circle rates would be Friday said it raised $200 mil-
Hyderabad plant to reach optimal capacity itively. Others, too, are stepping on the gas. beneficial. The secondary lion through a zero per cent

S
uperbike enthusiasts will be spoilt
for choice this year as manufacturers
are ready to scorch the roads with a
slew of new models after a dull 2020.
From Ducati and Benelli, to Triumph,
Kawasaki, KTM, and BMW Motorrad,
superbike makers are looking to hitch a
ride on the increased preference for per-
sonal mobility and pent-up demand.
The busy calendar of launches is attrib-
utable to the Covid-19-induced lockdown
and the slowdown of 2020 that threw a
spanner on launch plans. The makers of
these bikes are now betting big on revival
and are eyeing high double-digit growth.
Take Italian bike maker Benelli,
for instance, which wasn’t able
to launch its BS-VI-compliant
range last year. This year it has
one launch planned every 45
days. “The year 2021 will be an
exciting year for us,” says Vikas
Jhabakh, managing director of
Benelli India. Last month, Benelli
launched the BS-VI variant of at
an introductory price of ~4.80 lakh
(ex-showroom, pan-India).
Adishwar Auto Ride India is
the sole partner and distributor for
Benelli’s premium range in India.
It has set up an assembly plant in
Hyderabad, where it imports a range of
bikes from Italy and South East Asia.
utilisation in a year’s time. By then he is
hoping to expand the number of retail
touch points to 100 from the current 35,
he said. The brand, two-and-a-half years
IN THE PIPELINE
| Ducati to launch a dozen new models
| Benelli to fill up the BS-VI line-up
| Triumph
Motorcycles to
introduce nine
models
Ducati said last month it will introduce 12
new motorcycles in 2021, starting with the
Scrambler Icon, which has been upgraded
to comply with the BS-VI norms. This will
be followed by the Diavel and the new
XDiavel in the first quarter of the year. Next
will be motorcycles based on the V4 engine
platform, including the Multistrada V4,
the Streetfighter V4, and MY2021 Panigale
V4. The latter half of the year will see bikes
in the super-naked segment with its all-
new offering, the Monster, followed by the
SuperSport 950 and the Hypermotard 950
RVE, it added.
British brand Triumph Motorcycles,
too, has an aggressive product pipe-
line as it looks to make the most of
the resurgence and consolidate its
position. “We are planning to
launch nine new models by
June,” Shoeb Farooq, business
head, Triumph Motorcycles
India, told PTI in a recent interac-
tion. This will include special
edition and refreshes. These
models include the Trident
660 and new Tiger 850
Sport, which will raise vol-
umes to the firm’s overall
sales kitty, he said, adding
that it is going to address
a completely new segment
of the industry.
The Delhi government on
Friday cut circle rates by 20 per
cent, a move that will bring
down the exorbitant property
prices in the capital city.
The new order includes all
types of properties across the
city. According to sources, it is
aimed at boosting property
transaction in the market that
has been subdued for the past
few years. “Moreover, its tim-
ing is crucial, given the fact
that the elections for the
Municipal Corporation of
Delhi is due next year and it is
currently being governed by
the Bharatiya Janata Party,”
said a senior industry leader
and political activist.
Real estate developers and
industry stakeholders wel-
comed the Aam Aadmi
Party-led government’s move.
They said the reduced circle
rates would translate into
lower valuation of real estates
and help interested buyers,
who were otherwise left out
due to the high property
prices in the capital.
“The decision comes at the
right time when the industry
is recovering from the impact
of Covid-19 pandemic. The
reduction in circle rates will
make properties more afford-
able and should increase the
number of transactions. It may
also lead other states to take a
similar step in near future as a
booster to the real estate sec-
tor,” said Achal Raina, chief
operating officer, Raheja
Developers.
According to Akshay
Taneja, managing director
(MD) of TDI Infratech, the sec-
tor is facing problems in con-
taining the prices of units
because of increasing raw
market will go in for more reg-
istries as stamp duty and
registration charges will come
down,” he said.
“We have already seen pos-
itive impact of reduction of
stamp duty in Mumbai and
this will help in faster recovery
of the local real estate market,”
said Ankit Kansal, founder and
MD, 360 Realtors.
Apart from the primary
market, the move has a far
fetching impact for the sec-
ondary market, said experts.
With a large number of restric-
tions against developing new
residential projects, including
high-rise apartments, the mar-
ket in Delhi is highly depend-
ent on secondary purchases.
Over 90 per cent of the
transactions take place in the
resell market.
“A series of hikes in circle
rates since late-2000s have
pushed the rates beyond pur-
chasing power of most buyers.
Now with a steep cut, people
willing to buy pre-owned
properties will surely benefit,”
said senior executive from a
leading realtor.
interest coupon bond.
The raise comes at a time
when the travel industry is in
the midst of difficult times.
“This raise will bolster our
cash reserves allowing us to
meet the working capital
requirements as business
recovery gathers momentum
and also pursue any invest-
ment opportunities in the
growing Indian market,” said
Group Chief Financial Officer
Mohit Kabra.
The notes offering was
upsized from the previously
announced offering of $175
million in aggregate principal
amount of the notes. MMT
has granted the initial pur-
chasers of the notes a 30-day
option to buy up to an
additional $30 million in
aggregate principal amount
of the notes. The sale of the
notes to the initial purchasers
is expected to settle on
February 9, subject to cus-
tomary closing conditions.
MMT intends to use the
net proceeds for working cap-
ital and other general corpo-
rate purposes.

Duty cut to hit stainless

steel sector hard: Experts
ADITI DIVEKAR
Mumbai, 5 February
Revoking countervailing duty
and anti-dumping duty on
stainless steel products will
give China a free hand in
dumping cheap imports into
the country, said industry
executives on Friday.
In the Budget, the finance
minister announced revoking
countervailing duty on import
of flat products of stainless
steel, originating in or exported
from Indonesia.
“The problem the stainless
steel industry faces is that it is
mistaken to be part of the steel
industry. It is not. It is a sep-
arate industry, which is facing
dumping from China already
since 2017. This move by the
government will only give it
(China) a free hand to dump in
the country via Indonesia,”
K.K. Pahuja, president of the
Indian Stainless Steel Devel-
opment Association, said.
All steel is iron based, but
stainless steel contains chro-
mium at 10 per cent or more,
in terms of weight. While steel
is susceptible to rust, stainless
steel is rust resistant. Due to
this, application of stainless
steel is in areas of high corro-
sion where steel can’t survive.
“With demand expected to
remain strong due to a thrust
on infrastructure projects,
traders are expected to stock
up cheap imports. This will
create huge inventories in the
coming months ahead of an
anticipated demand boom,”
said a senior executive of a
large stainless steel company.
SAIL, Tata Steel, and Jindal
Stainless are some players in
the stainless steel industry.
“China has 7-8 times stainless
steel capacity compared to
India. By revoking the duty, it
makes matters only worse for
the domestic market. We will
be making representations to
the government to undo this.”
However, not all action
taken for the iron and steel
industry in the Budget has
been unfriendly. Reduction of
Customs duty on steel scrap by
2.5 per cent to nil augurs well
for the MSMEs.
“Reduction in Customs
duty on scrap will help bring
the cost of imported raw mate-
rial down by around ~500 to
~600 per metric tonne. This
will be beneficial to the MSMEs
and reduce its production cost
of steel by around 1.5 per cent”
said Satish Kumar Agarwal,
CMD of Kamdhenu Group.
Reduction of Customs duty
to 7.5 per cent on semis, flat,
and long products of non-alloy,
alloy, and stainless steel has no
impact on both steel and stain-
less steel industry. “This will
have no big impact on the
industry as most of the steel
imported comes from coun-
tries with FTA,” said T V
Narendran, CEO and MD at
Tata Steel.
4 COMPANIES
>
NEW DELHI | 6 FEBRUARY 2021 1

More vaccine candidates

get nod for clinical trials
SOHINI DAS mended grant of permission for
Mumbai, 5 February phase I trials.
Ahmedabad-based Zydus Cadila got

A
bunch of Covid-19 vaccine candi-
dates got approval from the
expert panel to conduct clinical
trials in India, including one from
Novavax, Bharat Biotech’s intra-nasal
candidate, and a measles vector-based
candidate from Zydus Cadila.
In its February 3 meeting, the subject
expert panel (SEC) advising the Central
Drugs Standard Control Organisation
(CDSCO) recommended that approval be
granted for conducting phase II/III clin-
ical trials to Serum Institute of India (SII)
for the Novavax candidate. This vaccine
is based on protein nanoparticle and uses
the proprietary Matrix-M adjuvant from
Novavax. Adjuvants are pharmacological
or immunological agents that improve
the immune response of a vaccine.
The SEC has noted that participants
randomised in the placebo arm may be
un-blinded 60 days after the second dose,
upon request from the clinical trial par-
ticipant only. Blinded vaccine trials are
Trials will be held for vaccine candidate
from Novavax, Bharat Biotech’s
intra-nasal candidate, and a measles
vector-based candidate from Zydus
those where the participant, investigator
and sponsor do not know whether a per-
son was given a vaccine or a placebo.
As for Bharat Biotech’s chimpanzee
flu virus (adenovirus) based intra-nasal
vaccine candidate, the SEC recom-
approval for conducting phase I/II trials
for the 2019-nCoV vaccine 3mg (two
dose schedule). The SEC has noted that
safety should be the primary objective
of the study.
This is Zydus Cadila’s second vaccine
candidate, developed by its European
research arm Etna Biotech. It is a live
weakened recombinant measles virus
vector-based vaccine against Covid-19.
The genetically engineered measles virus
vector would express proteins of the
novel coronavirus and, thus, induce long-
term specific neutralising antibodies.
Meanwhile, Aurobindo
Pharmaceuticals has been asked to sub-
mit a revised clinical trial protocol for its
vaccine candidate UB-612. The firm pre-
sented animal study and phase I data
before the committee. The SEC recom-
mended that Aurobindo submit the
phase II/III clinical trial protocols
approved by the regulatory authority of
Brazil and some other conditions.

API sales momentum Zydus Cadila’s

net profit up
begins to normalise
SOHINI DAS & VINAY UMARJI
41% on India
biz growth
Mumbai/Ahmedabad, 5 February
Domestic drug market growth VINAY UMARJI
After witnessing a momentum
in active pharmaceutical ing-
slows to 4.5% in January Ahmedabad, 5 February

redients (API) sales on account
of formulation/medicine
makers stocking up dur-
ing the pandemic,
drug makers have
begun to see some
correction on a
sequential basis.
With API
supply, especially
from China, facing
some constraints
because of lockdowns in
several countries, demand
from global clients had shot up
for Indian players. This had led
to a spurt in API sales in the
first two quarters of FY21.
However, with global
clients now having adequate
inventory, the order growth is
beginning to normalise or
slowdown in certain cases.
This is evident from the Q3
results of several pharma firms
that show a sequential dip or
muted growth in API sales after
picking up significantly in the
first half of the year.
For example, a leading API
player — Dr Reddy’s
Laboratories (DRL) — has seen
an 18 per cent drop in revenues
from pharmaceutical services
and active ingredients on a
sequential basis in Q3, while on
a year-on-year (YoY) basis the
rise is 1 per cent. Erez Israeli,
chief executive of DRL, said:
“There has been an inventory
accumulation by our cus-
tomers in the first two quarters.
Thus, there has been a dip now
(in terms of demand). We are
looking for more markets.”
Mumbai-headquartered
Cipla has managed to post
growth sequentially, but the
rate of growth has slumped.
While on YoY basis, the API
revenue grew 22 per cent, on
After a robust performance in December, the domestic Led by a double-digit growth
pharma market crawled back to a slower growth trend in in its India business, Cadila
January. Dragged by some therapy areas, the Indian Healthcare (Zydus Cadila)
Pharmaceutical Market (IPM) grew 4.5 per cent in has reported 41 per cent
January against an 8.5 per cent growth in increase in its consolidated
December. net profit at ~527.2 crore in the
Cardiac therapy registered monthly growth of third quarter. The
8.8 per cent in January against 14.9 per cent in Ahmedabad-based drug
December, showed the data from market maker’s consolidated net
research firm AIOCD AWACS. Anti-diabetic, on the profit was ~373.9 crore in the
other hand, grew 5.3 per cent in January against year-ago period.
9.9 per cent growth in December. Among firms, Sun Its consolidated revenue
Pharmaceuticals grew 5.1 per cent while Lupin posted from operations grew by 6.20
4.6 per cent growth. Mankind did well at 9.3 per cent while per cent in the third quarter
Cipla growth came in at 4.2 per cent. SOHINI DAS to ~3,753.7 crore against
~3,534.5 crore in the same
period in 2019-20.
quarter-on quarter (QoQ) it crore in the third quarter of The company’s business
grew 7 per cent in Q3FY21. FY21 on YoY basis over Q3 last in India comprising human
Kedar Upadhye, global year. For nine months, API health formulations, con-
chief financial officer, Cipla, sales of Sun Pharma were at sumer wellness, and animal
said the industry was stocking ~1,515 crore, up 5.7 per cent. health increased 20 per cent
up APIs in the first half of FY21. However, the company said its year-on-year (YoY) during
“Part of this was due to Wuhan API business imparted benefits the quarter at ~1,643 crore. Of
crisis and API shortage, while of vertical integration and con- these, while human health
partly formulation players tinuity of supply chain for its formulations business in
wanted to stock up APIs to formulations business. “We India contributed 21 per cent
avoid production disruption. continue to focus on increasing to the company’s growth,
We also stocked up. So, going API supply for captive con- consumer wellness and ani-
forward the uptake of APIs will sumption for key products,” mal health businesses grew
slow down a bit,” he explained. the company said. 16 per cent and 17 per cent
Lupin, too, has seen a dip Alembic Pharmaceuticals’ YoY, respectively.
in API sales on a sequential API business grew nearly 21 per However, Zydus Cadila’s
basis, around 8.1 per cent cent YoY to ~210 crore. US formulations business
decline in Q3FY21 compared to According to experts, the declined 4 per cent YoY in the
the previous quarter. On YoY demand opportunities are set quarter with revenues of
basis, however, it has grown 8.4 to reduce. ~1,603 crore against ~1,675
per cent. “There was a momen- “Demand opportunities crore in the year-ago quarter.
tum in pharma industry in the have started to reduce, with The third quarter saw
first half of the financial year supplies resuming from China. Zydus file 10 additional
and global demand for APIs It is incrementally adding abbreviated new drug appli-
shot up. However, we will see capacities to de-bottleneck its cations with the US Food and
that correction happening plants. The temporary spurt in Drug Administration taking
across the stocks as API prices seemed to have norma- the cumulative number of fil-
demand is fizzling out. So, the lised,” ICICI Securities said in ings to 410. During the
results for API will be subdued its note on Alembic Pharma. quarter, the firm launched
in the second half against the Biocon’s generics business the oral anti-diabetic agent,
first half,” an analyst said. revenue was down 3 per cent Dapaglyn in India for
Sun Pharma, on the other to ~561 crore, as its portfolio of patients suffering from
hand, saw its external sales of statin APIs were impacted chronic obstructive pulmo-
API fall by 10.5 per cent to ~450 because of muted demand. nary disorder.

Sales of Ivermectin, drug to treat

parasitic infections, jump fourfold
SOHINI DAS &
RUCHIKA CHITRAVANSHI
Mumbai/New Delhi, 5 February
Ivermectin, a drug used to
treat parasitic infections, rose
to prominence in 2020 as a
treatment for Covid-19,
pushing its sales up by more
than 25 times, prompting
more drug firms to launch
the product.
Though demand for
Ivermectin slowed with the
rise of antivirals like
remdesivir and favipiravir,
experts feel its relevance as a
prophylaxis remains. Annual
sales of Ivermectin were
around ~19 crore in 2018 and
went up to ~21 crore in 2019. In
2020 it shot up to ~94 crore.
The drug’s sales grew from ~1.7
crore in April to ~26.8 crore in
September, riding on Covid-19
demand, shows data from
market research firm AIOCD
AWACS.
Mumbai-based
pulmonologist Dr Agam Vora
said in the first few months of
the pandemic, the line of
treatment was not
established. “Ivermectin
emerged as one of the better
options around at the time as
it has hardly any side effects
and has no drug-to-drug
interaction. It is inexpensive
and easily available. The best
part is its prophylactic
properties,” Dr Vora said. He
has published papers on the
role of Ivermectin in treating
mild cases of Covid-19.
Dr Vora said by the time
Ivermectin popularity grew,
antivirals like favipiravir and
remdesivir came along. This
hit demand for the drug,
which saw sales dip to ~8.6
crore in December.
BOOSTER DOSE
Sales value (~ crore)
94.00
19.65 21.94
2018 2019 2020
Source: AIOCD AWACS
Several firms launched the
drug last year, including
Mumbai-based JB Chemicals.
Nikhil Chopra, chief executive
officer of JB Chemicals, said
they launched the drug in
November. It also launched
favipiravir and Chopra feels
Ivermectin has not lost its
relevance as it has
prophylactic properties.
Dr Vora said, “The vaccine
would take some time to cover
a sizeable population. Until
then, safe drugs like
Ivermectin can be used as
prophylactic to stop the
spread of infection.”
Firms like Cipla, Sun
Pharmaceuticals, Zuventus
have popular Ivermectin
brands in the market. Kedar
Upadhye, global CFO of Cipla,
too, said Ivermectin was
considered good for Covid-19
before other molecules came
along. Sales of the drug first
picked up in states like Uttar
Pradesh, West Bengal, and it
still seems to be doing well in
the North.
“We are giving Ivermectin
to those who are getting
admitted in the hospitals with
Covid as well as family mem-
bers and contacts of the
patient... This is in the
government protocol,” said
Subodh Kumar Adarsh, chief
medical officer, Agra.
A chief medical officer in
Aligarh said the drug, unlike
HCQ, which was also a part of
the protocol, does not have any
major side effects and is easier
to use. Medical professionals
believe the repurposed drug
controls the replication of the
virus in the body. However, it
works for mild cases and
doesn’t prevent deaths, a
Delhi-based doctor said.
Weekend Business Standard N E W DELHI | 6 FEBRUARY 2021 5
=* MEGASOFT LIMITED Hero MotoCorp Limited
—
^^
CIN: L72200TN1999PLC042730,
Registered Office: #85, Kutchery Road, Mytapwe,
MEGASOFT Fmc +91-44-24617810,
Regd. Office: The Grand Plaza, Plot No.2, Nelson Mandela Road,
GAYATRI PROJECTS LIMITED
v&s
L Chennai, India - BOO 004. Phone: +91-44-24516768 Vasant Kunj - Phase-ll, New Delhi - 1 1 0 0 7 0
Email: lnvestors@megasoft.com
Website: www.megasoft.CDm CIN: L35911DL1984PLC017354 | Phone: 011-46044220
CIN: L 9 9 9 9 9 T G 1 9 8 9 P L C 0 5 7 2 8 9
Fax: 011-46044399 | E-mail: secretarialho@heromotocorp.com G A y A T R I
Website: www.heromotocorp.com Regd. Office: B1, T S R Towers, 6-3-1090, Raj Bhavan Road, Somajiguda, Hyderabad-500082

Extract of Standalone and Consolidated unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020
Pursuant to R e g u l a t i o n 2 9 read with
NOTICE
Regulation 4 7 o f the Securities and
Exchange Board o f India (Listing Notice is hereby given that pursuant to the previsions of Section 9 1 of the
Obligations and Disclosure Requirements) Companies Act, 2013 read with applicable Rules thereunder and Regulation 42 of
(K in Lakhs)
Regulations, 2015, NOTICE is h e r e b y the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
STANDALONE CONSOLIDATED
given that a Meeting o f the Board o f Tuesday, February 1 6 , 2 0 2 1 has been fixed as the Record date for ascertaining the
D i r e c t o r s of t h e C o m p a n y is s c h e d u l e d t o entitlement of members for payment of Interim Dividend of Rs. 70/- per equity Particulars Quarter Ended Nine M o n t h s Ended Year Ended Quarter Ended Nine Months Ended Year Ended
b e h e l d o n Friday, F e b r u a r y 1 2 , 2 0 2 1 inter share of Rs. 2 each (at the rate of 3500%) for the financial year 2020-21, declared by 31.12.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 31.12.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
alia to consider and approve the
the Board of Directors on February 4,2021. (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Standalone and Consolidated Unaudited
Financial Results of the C o m p a n y for the
The Interim Dividend will be paid to the members whose names appear on the
Total I n c o m e f r o m O p e r a t i o n s (net) 1,07,424.69 83,538.26 2,54,042.31 2,51,717.24 3,42,733.36 1,07,424.69 84,667.20 2,54,042.31 2,52,846.18 3,43,862.30
third Q u a r t e r a n d n i n e m o n t h s e n d e d o n Register of Members as on the Record date viz. February 16,2021.
December 31,2020. Shareholders may note that the Income Tax Act, 1961 (Act), as amended by the Net Profit/(Loss) for the period 3,869.82 2,712.05 2,697.06 11,643.18 5,511.89 3,709.28 (3,005.76) 2,212.06 3,441.88 (3,627.36)
Finance Act, 2020, mandates that dividends paid or distributed by a Company after (before tax, Exceptional and/ or Extraordinary items)
The said Notice may be accessed
April 1,2020, shall be taxable in the hands of the shareholders. The Company shall
on t h eC o m p a n y ' s website a t Net Profit/(Loss) for the period before tax 3,869.82 (41,821.84) 2,697.06 (32,890.71) (39,022.00) 3,663.72 (3,019.35) 1,995.65 2,287.66 (6,376.05)
http://www.megasoft.com and may
therefore be required to deduct Tax at Source (TDS) at the time of making payment
of the interim dividend. In order to enable the Company to determine the (after Exceptional and/ o r Extraordinary items)
also be a c c e s s e d on t h e S t o c k E x c h a n g e
Websites at http://www.bseindia.com and appropriate TDS rate, as applicable, shareholders are requested to submit the Net Profit/(Loss) for the period after tax 4,019.98 (39,170.98) 3,147.61 (32,890.71) (38,457.22) 3,813.88 (368.49) 2,446.20 2,287.66 (5,811.27)
http://www.nseindia.com documents, in accordance with the provisions of the Act, with the Registrar and
(after E x c e p t i o n a l a n d / o r E x t r a o r d i n a r y items)
For MEGASOFT LIMITED Share Transfer Agent viz. KFin Technologies Private Limited ("RTA") at https://
Sd/- ris.ltfintech.com/forml5/ not later than February 11. 2021. The Company has Total c o m p r e h e n s i v e i n c o m e for the period 4,095.46 (39,067.92) 3,260.38 (33,073.39) (38,730.51) 3,989.20 (20,879.58) 2,558.97 (18,172.20) (26,311.83)
Date: 04.02.2021 Shridhar Thathachary already sent an email to the shareholders at their registered email Ids in this regard [ C o m p r i s i n g Profit / (Loss) for the period (after tax)
Place: Hyderabad chief Financial Officer
on February 05,2021. and Other Comprehensive I n c o m e (after tax)]
T h i s n o t i c e is a l s o a v a i l a b l e o n t h e w e b s i t e o f t h e C o m p a n y a t
Equity Share Capital 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97 3,743.97
www.heromotocorp.com and on the website of the Stock Exchanges where the
shares of the Company are listed atwww.bseindia.com and www.nseindia.com. Reserves (excluding Revaluation Reserve) a s
For Hero MotoCorp Ltd. s h o w n in A u d i t e d B a l a n c e S h e e t of previous y e a r 90,488.56 87,284.62
safari Place: New Delhi Neerja Sharma
Sd/- E a r n i n g s p e r s h a r e (of K 2/- e a c h )

SAFARI INDUSTRIES (INDIA) LIMITED Date : February 5 , 2 0 2 1 Company Secretary & Chief Compliance Officer
(for continuing and discontinued operations)-
(17.57)
B a s i c & Diluted 2.15 (20.92) 1.68 (20.54) 2.04 (0.20) 1.31 1.22 (3.10)
CIN: L25200MH1980PLC022812
Registered office: 302- 303, A Wing, Notes:
The Qube, CTS No.1498, A/2, MV Road, 1. T h e a b o v e is a n extract of t h e detailed f o r m a t of t h e S t a n d a l o n e and C o n s o l i d a t e d U n a u d i t e d Financial R e s u l t s for t h e Q u a r t e r a n d N i n e M o n t h period e n d e d 31st D e c e m b e r , 2 0 2 0 filed w i t h t h e Stock
Marol, Andheri (E), Mumbai - 400059. E x c h a n g e s u n d e r R e g u l a t i o n 3 3 of t h e S E B I (Listing a n d O t h e r D i s c l o s u r e R e q u i r e m e n t s ) R e g u l a t i o n s , 2 0 1 5 . T h e full f o r m a t of t h e S t a n d a l o n e a n d C o n s o l i d a t e d Financial R e s u l t s for t h e Q u a r t e r
(T) +91 22 403818881 (F) +91 22 40381850 a n d N i n e M o n t h period e n d e d 3 1 s t D e c e m b e r , 2 0 2 0 a r e a v a i l a b l e o n t h e Stock E x c h a n g e w e b s i t e s ( w w w . n s e - i n d i a . c o m / w w w . b s e i n d i a . c o m ) a n d c o m p a n y ' s w e b s i t e w w w . g a y a t r i . c o . i n .
Email id: investor@safari.in, THE HOOGHLY MILLS COMPANY LIMITED
Website: www.safaribags.com By Order of the Board
CIN: L17111WB1913PLC002403
Registered Office: 76, Garden Reach Road, Kolkata - 700043 For GAYATRI P R O J E C T S LIMITED
NOTICE is hereby given pursuant to
Corporate Office: 24/1/1,3rd floor, Alipore Road, Kolkata - 700 027
Regulation 29 read with Regulation 47 of the T. I n d i r a R e d d y
Phone: +91 033 2450 0500; Fax: +91 033 2448 0047
SEBI (Listing Obligations and Disclosure Place: Hyderabad Chairperson
Website: www.hmclmills.com; Email: hmclmills@gmail.com
Requirements) Regulations, 2015 that D a t e :5th F e b r u a r y , 2 0 2 1 DIN:00009906
NOTICE TO SHAREHOLDERS
meeting of the Board of Directors of the
Members are hereby informed that pursuant to Section 110 of the Companies Act, 2013 read
Company will be held on Friday, 12* February
with Companies (Management and Administration) Rules, 2014, as amended to the extent
2021, to consider and approve, inter alia, the
notified, The Hooghly Mills Company Limited (the "Company") on 5th February 2021, had
Un-audited Standalone and Consolidated
completed the dispatch of Postal Ballot Notice dated 28th January 2021 with the proposed
Financial Results for the quarter & nine
resolution and explanatory statement thereto alongwith a Postal Ballot Form and a self-addressed
months ended 31"December2020, subject
prepaid postage envelope, to the Members of the Company as on the Cut-off date i.e. 22nd
to limited review by the Statutory Auditors of
January 2021,torseeking their consent through Postal Ballot (which includes e-voting) for the
the Company. voluntary delisting of the equity shares of the Company from The Calcutta Stock Exchange ( i n GlaxoSmithKline Pharmaceuticals Limited
This Notice is also available o n the Limited, i.e., the only Stock Exchange where the equity shares of the Company are presently listed.
T ^ m m Registered Office: Dr. Annie Besant Road, Mumbai 400030 • W e b s i t e : www.ask-india.com
Company's website www.safaribaqs.com
and on the BSE Limited and National Stock
The BoaFd of Directors of the Company has appointed Mr. Mohammad Tausif of M/s. Tausif &
Associates, Practicing Company Secretaries (Membership No. A40656, C.P No. 18170) as the
Email: askus@gsk.com • C o r p o r a t e I d e n t i t y N u m b e r : L24239MH1924PLC001151
Exchange o f India Limited v i z . Scrutinizertorconducting the Postal Ballot process in a fair and transparent manner. Further, STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR
www.bseindia.com and www.nseindia.com the Company has engaged the services of National Securities Depository Limited ('NSDL') for
THE QUARTER AND NINE MONTHS ENDED 31 st DECEMBER, 2020 (? in Lakhs
respectively. e-voting facility. Details of Postal Ballot schedule:
Standalone Consolidated
For Safari Industries (India) Limited Particulars Schedule
Sd/- Date of completion of dispatch of postal ballot notice Friday, 5th February 2021 Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Audited
Sudhir Jatia
Postal Ballot: Date of Commencement of voting Saturday, 6th February 2021 at 9:00 A.M. Particulars Three Nine Corresponding Three Nine Corresponding
Chairman & Managing Director
Date of end of voting Sunday, 7th March 2021 at 5:00 P.M. months months three months Year Ended months months three months Year Ended
Place: Mumbai
E-voting: Date & time of Commencement of Saturday, 6th February 2021 at 9:00 A.M. ended ended ended 31.03.2020 ended ended ended 31.03.2020
Dated : 5* February, 2021
voting Sunday, 7th March 2021 at 5:00 P.M. 31.12.20 31.12.20 31.12.19 31.12.20 31.12.20 31.12.19
Date & time of end of voting
Revenue from Operations 85842 238646 77868 322468 85720 238511 77859 322438
i Any postal ballot received from the Member beyond the date mentioned above will not be valid
and voting whether by post or by electronic means shall not be allowed beyond the said date Profit before Exceptional Items 20201 54241 11959 64699 20088 54109 11958 64724
IC and time.
Exceptional Items 1053 (5360) (73690) (32449) 1053 (5360) (75390) (34149)
INTERNATIONAL COMBUSTION Members who have not received Postal Ballot Form may request tor a duplicate Postal Ballot
Profit before tax 21254 48881 (61731) 32250 21141 48749 (63432) 30575
(INDIA) LIMITED Forni to the Company. In case of any grievances connected with the voting through Postal Ballot,

CIN : L36912WB1936PLC008588
Members are requested to contact the Company Secretary of the Company Mr. Jyoti Sharma,
at +91 033 2450 0500; Fax: +91033 2448 0047, E-mail: hmclmills@gmail.com. The Postal Ballot
Net Profit for the period / year 15735 34482 (64414) 11005 15651 34382 (66116) 9320
Regd. Office : Infinity Benchmark, Notice and Form are also available on the website of NSDL www.evoting.nsdl.com and of the Total comprehensive income for the period 15261 33705 (64663) 10607 15177 33605 (66365) 8922
11th Floor, Plot No. G-1, Block E P S
GP, Sector V, Salt Lake Electronics
Company www.hmclmills.com.
Paid-up Equity Share Capital 16941 16941 16941 16941 16941 16941 16941 16941
Complex, Kolkata - 700 091
For The Hooghly Mills Company Limited
Sd/-
(Face value per share ? 10)
Phone:+91(33) 40803000; Sourabh Gadia Other Equity - - - 167063 - - - 165120
F a x : + 9 1 (33) 2357 6653
e-mail: info@internationalcombustion.in
Place: Kolkata
Date: 05.02.2021
Managing Director
DIN: 01194997
Earnings Per Share (EPS) (of ?10 each)
Website: www.interrationalcombustion.in Basic and diluted EPS after 9.29 20.35 (38.02) 6.50 9.24 20.30 (39.03) 5.50
NOTICE Exceptional Items (?)
N o t i c e is h e r e b y g i v e n p u r s u a n t Basic and diluted EPS before 8.69 23.54 4.25 26.69 8.64 23.49 4.25 26.70
to Regulation 4 7 read with Apollo Micro Systems Limited Exceptional Items (?)
Regulations 2 9 & 33 of the
R e g i s t e r e d O f f i c e : Plot N o 1 2 8 / A , R o a d N o . 1 2 , BEL R o a d , I D A Mallapur, Uppal M a n d a l ,
NotAnnualised Not Annualised
Securities & E x c h a n g e B o a r d of
H y d e r a b a d - 5 0 0 0 7 6 , Telangana, India; C I N : L 7 2 2 0 0 T G 1 9 9 7 P L C 0 2 6 5 5 6 Notes:
India (Listing Obligations and Telephone: + 9 1 4 0 2 7 1 6 7000-99;Facsimile: + 9 1 4 0 2 7 1 5 0 8 2 0 ;
Email: cs@apollo-micra.com; Website: www.apollo-micra.com;
1. The above is an extract of the detailed format of the Unaudited Financial Results for the quarter and nine months ended 31st December 2020 filed with the
Disclosure Requirements)
Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the said Financial Results
Regufations, 2015, that a meeting
NOTICE are available on the website of the Company at w w w . g s k - i n d i a . c o m and on the website of Stock Exchanges at w w w . n s e i n d i a . c o m and w w w . b s e i n d i a . c o m .
of the B o a r d o f D i r e c t o r s of t h e
Intimation of Board M e e t i n g under Regulation 2 9 a n d 4 7 of SEBI 2. The above Results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on
C o m p a n y is s c h e d u l e d t o b e h e l d
(Listing Obligations a n d Disclosure R e q u i r e m e n t s ) Regulations, 2 0 1 5 5th February, 2021
on Friday, 12th February, 2021
to, inter-alia, consider a n d
Fixation of B o a r d M e e t i n g on Friday, 1 2 " F e b r u a r y , 2 0 2 1 at t h e By Order of the Board
registered office ol the Company
a p p r o v e the U n a u d i t e d Financial Sridhar Venkatesh
Results (Standalone) of the W e inform you that the meeting of Board of Directors of the C o m p a n y is
Place: Mumbai Manaaina Director
C o m p a n y for the Third Quarter scheduled to be held on Friday, 1 2 " February, 2 0 2 1 at the registered office Date: 5th February, 2021 DIN:07263117
and Nine Months' Period ended of the Company, inter-alia to transact the following business a p a r t f r o m the
other items as per the a g e n d a or items with the permission of the Chair, if
31st December, 2020.
any:
Further details on the matter are
available on the Company's a) To consider and approve the Unaudited Standalone and Consolidated

website at http://www. Financial Results of the Company forthe Quarter ended 3 1 ' December, 2 0 2 0 .
internationalcombustion.in and Further, pursuant to the C o m p a n y ' s "Code of Internal Procedures and
Conduct to Regulate, Monitor and Report of Trading b y Insiders" the
/ A v A l k e m Laboratories Limited
also o n thewebsite of t h e
B o m b a y Stock E x c h a n g e Limited Trading W i n d o w for dealing in the securities of the C o m p a n y has already
at h t t p : / / w w w . b s e i n d i a . c o m .
For International C o m b u s t i o n
(India) Limited
been closed f r o m 1 9 January, 2 0 2 1 and would remain closed till 4 8 hours
afterthefinancial results are declared on Friday, 1 2 " February, 2 0 2 1 .
W e request y o u to kindly take the above on record and bring to the notice of
< _
^ K

.
^ ^

_ _
Regd. O f f i c e : A l k e m House, Senapati Bapat M a r g , Lower Parel, M u m b a i 4 0 0

Tel N o : + 9 1 2 2 3 9 8 2 9 9 9 9 Fax N o : + 9 1 2 2 2 4 9 2 7 1 9 0 Email I d: i n v e s t o r s @ a l k e m . c o m

013

P. R . S i v a s a n k a r all concerned. AL/ALM CIN: L00305MH1973PLC174201

C o m p a n y Secretary For Apollo M i c r o S y s t e m s Limited
Sd/- Extract of Unaudited Consolidated Financial Results for the Quarter and Nine months ended 31 December 2020
P l a c e ; Kolkata Place: Hyderabad Vitta Chaitanya Siva Shankar
(? in Million except per share data)
Date : 5 t h February, 2021 D a t e : 0 3 " February, 2 0 2 1 Company Secretary and Compliance officer
Quarter Endec Nine m o n t h s Quarter Ended Year Ended
Sr. Particulars
31.12.2020 ended 31.12.2020 31.12.2019 31.03.2020

Talbros Automotive Components limited taib

(Unaudited) (Unaudited) (Unaudited) (Audited)
No.

anniversary
'-y CIN: L29199HR1956PLC033107
R e g d . O f f i c e : 14/1, D e l h i M a t h u r a R o a d , F a r i d a b a d - 1 2 1 0 0 3 ( H a r y a n a )
Tel N o . : 0 1 2 9 - 2 2 5 1 4 8 2 , W e b s i t e : w w w . t a l b r o s . c o m , E m a i l : s e e m a _ n a r a n g @ t a l b r o s . c o m
1

2
Total Income from Operations

Net Profit for the period (before tax and exceptional items)
23,180.5

5,434.4
66,728.5

15,839.4
21,818.4

4,046.1
83,443.6

12,597.9
EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS
F O R T H E Q U A R T E R A N D NINE M O N T H S E N D E D D E C E M B E R 31, 2020
( ? in l a c s )
3 Net Profit for the period before tax (after exceptional items) 5,434.4 15,839.4 4,046.1 12,597.9
Quarter ended Nine M o n t h s e n d e d Year e n d e d 4 Net Profit for the period after tax (after exceptional items) attributable to the
Particulars 31-Dec-20 30-Sep-20 31-Dec-19 31-Dec-20 31-Dec-19 31-Mar-20
Unaudited Unaudited Unaudited Unaudited Unaudited Audited owners of the Company 4,509.6 13,450.3 3,819.8 11,270.7
Total Income from Operations 13,205.90 11,021.63 9,739.62 29,276.10 29,855.20 39,100.45
Profil/(Loss) before exceptional Items and tax 1,453.75 1,053.70 497.59 1,591.82 1,401.02 1,566.02 5 Total Comprehensive Income for the period (comprising Profit for the period after tax and
Exceptional items - - - - - (213.80)
Profit/(Loss) before tax 1,453.75 1,053.70 497.59 1,591.82 1,401.02 1,352.22 Other Comprehensive Income (net of tax)) attributable to the owners of the Company 4,394.3 13,112.2 3,930.3 11,544.7
Net Prefit/(Loss) after tax 1,055.24 1,000.15 432.07 1,169.68 1,192.49 1,219.96
Total Comprehensive income/(loss) for the 1,270.56 1,203.95 602.93 1,806.64 612.36 182.73 6 Paid-up equity Share Capital (Face Value per Share: ? 2 ) 239.1 239.1 239.1 239.1
period (Comprising profit after tax and
other comprehensive income after tax)
7 Other Equity 61,367.6
Paid-up equity share capital (face value of 1,234.56 1,234.56 1,234.56 1,234.56 1,234.56 1,234.56
?10.00 each)
8 Earnings Per Share (Face Value per share: ? 2 /- (not annualised for periods)
Earning Per S h a r e (of ?10/- each)
(for the period - not annualised)
Basic (?) 8.55 8.10 3.50 9.47 9.66 9.88 a Basic (in ?) : 37.72 112.49 31.95 94.26
Diluted (?) 8.55 8.10 3.50 9.47 9.66 9.88
b Diluted (in ?) : 37.72 112.49 31.95 94.26
EXTRACT OF UNAUDITED STANDALONE FINANCIAL RESULTS
F O R T H E Q U A R T E R A N D NINE M O N T H S E N D E D D E C E M B E R 31, 2020 ^ in l a c s ) Notes.

Quarter ended Nina M o n t h s e n d e d Year e n d e d 1 Key numbers of Standalone Financial Results

Particulars 31-Dec-20 30-Sep-20 31-Dec-19 31-Dec-20 31-Dec-19 31-Mar-20
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
a. Total Income from Operations 17,787.5 53,022.1 15,964.0 66,770.8
Total Income from Operations 13,205.90 11,021.63 9,739.62 29,276.10 29,975.20 39,340.45 b. Profit Before Tax 4,567.8 14,886.4 3,378.0 13,380.8
Profil/(Loss) before exceptional Items and tax 1,183.14 770.47 282.62 1,305.27 895.97 1,017.95
Profit/(Loss) before tax 1,183.14 770.47 282.62 1,305.27 895.97 804.15 c. Profit After Tax 4,009.8 13,223.4 3,485.7 12,644.2
Net Profit/(Loss) after tax 784.63 716.92 217.10 883.13 687.44 671.89
Notes:
2 The above unaudited consolidated financial results were reviewed and recommended by the Audit Committee on 4 February 2021 and
1 T h e above is a n extract of t h e detailed format of unaudited standalone/consolidated financial results for the quarter and
nine months e n d e d D e c e m b e r 31, 2020, filed with the Stock Exchanges under Regulation 33 of t h e S E B I (Listing
subsequently approved by the Board of Directors at its meeting held on 5 February 2021. The figures for the quarter and nine months ended
Obligations & Disclosure Requirements) Regulations, 2015. T h e full format of t h e standalone and consolidated financial
results f o r t h e quarter and nine months e n d e d D e c e m b e r 3 1 , 2 0 2 0 and notes thereto are available o n the Stock E x c h a n g e
websites (www.nseindia.com & www.bseindia.com) and o n C o m p a n y ' s w e b s i t e w w w . t a l b r o s . c o m .
31 December 2020 have been subjected to limited review by the statutory auditors. The auditors have issued an unmodified report on the
2 T h e Unaudited financial results w e r e r e c o m m e n d e d by the Audit C o m m i t t e e and approved by the Board of Directors at their financial results for the quarter and nine months ended 31 December 2020.
respective meetings held o n February 5, 2 0 2 1 and have undergone "Limited Review" by the Statutory Auditors of t h e
Company.
3 The above is an extract of the detailed format of Quarterly/Year ended Financial Results filed with the Stock Exchanges under Regulation 33
3 T h e Group's operations and financial results for the quarter a n d nine months e n d e d D e c e m b e r 31, 2 0 2 0 have been
adversely impacted by the outbreak of C O V I D - 1 9 pandemic and t h e consequent series of lockdowns a n n o u n c e d by t h e of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly/Year ended Financial Results are
G o v e r n m e n t of India d u e to w h i c h the operations w e r e s u s p e n d e d for part of first quarter a n d gradually resumed with
requisite precautions. T h e results for quarter and nine months e n d e d D e c e m b e r 3 1 , 2 0 2 0 a r e therefore not comparable
with those for the previous Period. T h e Group has considered the possible effects that m a y results f r o m this pandemic o n
available on the Stock Exchange websites viz. www.bseindia.com and www.nseindia.com. The same is also available on the company
t h e carrying a m o u n t s of property, plant a n d equipment, investment, inventories, receivables and other current assets. T h e
G r o u p expects t h e carrying a m o u n t of these assets will be recovered a n d no material adjustment required in t h e financial
website viz. www.alkemlabs.com. By Order of the Board
statement. T h e C o m p a n y will continue to closely monitor any material c h a n g e stofuture economic conditions.
For A l k e m Laboratories Limited
For Talbros A u t o m o t i v e C o m p o n e n t s Limited
S d /-
B. N. Singh
AnuJ Talwar
Date : February 5 , 2 0 2 1 Joint Managing Director Place: Mumbai Executive Chairman
Place : G u r u g r a m DIN : 0 0 6 2 8 0 6 3 Date: 5 February 2021 DIN:00760310
6 BI-MONTHLY MONETARY POLICY REVIEW
>
NEW DELHI | 6 FEBRUARY 2021 1

RBI INSTEPWITH GOVT ON GROWTH

The six-member MPC kept interest rates on hold, but said it will keep its
MONETARY stance accommodative to support the government’s huge borrowing
POLICY programme, which is important to bring the country out of Covid recession

MPC IN INVESTOR CONNECT FOCUS ON DURABLE DISINFLATION

2 MINUTES
KEY DECISIONS
n The MPC unanimously Retail interest in G-secs Govt told to cut fuel taxes
decided to keep the repo
to ease inflation concerns
may be limited: Experts
rates unchanged at 4% and
an accommodative stance
n Reverse repo rate under
LAF unchanged at 3.35%,
GDP projection revised upwards, but lower than Eco Survey’s
while the MSF and bank
rate remained at 4.25% HNI participation may be gradual; mutual funds INDIVJAL DHASMANA
New Delhi, 5 February
QUARTERLY PROJECTION OF
n CPI inflation has been
projected at 5.2% for 2020- see little impact on fund flows The Reserve Bank of India (RBI) on Friday sug-
CPI INFLATION (YoY in %)
21; 5.2% for H1FY22, and gested that the Union and state governments
4.3% for Q3FY22; the real
GDP has been projected to
ABHIJIT LELE & ASHLEY COUTINHO
Mumbai, 5 February
10-YEAR YIELD reduce taxes on petroleum products to provide
some relief to customers who are paying record
(In %) high prices for petrol and diesel.
grow at 10.5 per cent in FY22

DEVELOPMENT &
REGULATORY STEPS
n NBFCs can now access
funds from banks under
the on-tap TLTRO scheme
for incremental lending to
stressed sectors
n Decided to restore the
CRR in two phases. Banks
have to maintain CRR of
3.5% from March 27, 2021
and 4% from May 22, 2021
n The MSF relaxation,
under which banks can
avail funds by dipping into
SLR up to an additional 1%,
will continue till Sept, 2021
n The increased limits of
SLR holdings in held-to-
maturity up to 22% will
continue till March, 2023
n Banks will be able to
deduct credit disbursed to
“new MSME borrowers”
for up to ~25 lakh from
their NDTL for calculation
of CRR
n FPI investment in
defaulted corporate bonds
will be exempted from the
short-term limit and the
minimum residual
maturity requirement
T
he Reserve Bank of India’s
(RBI’s) move to allow
direct retail investor par-
ticipation in government
bonds is likely to attract more inter-
est from high net-worth individuals.
Also, enhancing retail interest is
going to be long-drawn-out affair.
Nor is it expected to hit the flow of
money into bank deposits and
mutual funds, ruling out a substitu-
tion effect, said bankers.
Small savings instruments,
though illiquid, yield better returns
than government securities and
hence only high net-worth individ-
uals may be interested in them, said
Karthik Srinivasan, group head,
financial sector ratings, ICRA.
Soumyajit Niyogi, associate
director, India Ratings & Research,
said participation could take longer,
given the strong presence of the
banking system and mutual funds.
Participation is expected to be
segment-specific and will be
dependent on the interest rate
regime.
Dinesh Khara, chairman, State
Bank of India, said allowing retail
participation in the G-Sec market
was a step towards finalising a vast
pool of domestic savings and could
be a game-changer.
Public sector bankers said the
move would help wealth manage-
ment teams to attract clients with a
huge surplus to participate in gov-
ernment borrowing programmes.
Unveiling structural reforms of
retail participation in the G-sec mar-
ket, along with the extension of the
held-to-maturity limit relaxation,
will help in smoothly completing
government borrowing pro-
grammes, said S S Mallikarjuna Rao,
managing director and chief execu-
tive, Punjab National Bank.
Mutual funds do not see this
move as restricting the flow of
money into their schemes.
Swarup Mohanty, CEO, Mirae
Asset MF, said funds would not be
affected much.
Gilt funds have been cyclical in
nature with investors coming in
during rate-cut cycles. They have
never been that large in assets
under management (AUM) or
attractive from the retail investors’
perspective.
AUMs of gilt funds as of December
31, 2020, stood at ~20,200 crore.
R Sivakumar, head (equities),
Axis MF, said it was not a segment
that has seen major traction.
Encouraging retail participation in
any asset class is positive. There would
be no net major impact on mutual
funds as a result of this, primarily
because it is not a core category.
Dwijendra Srivastava, CIO (debt),
Sundaram M, said even in countries
where financial literacy was high, the
product (direct interest in G-Secs) had
not taken off. This is just an enabling
provision and it will take a while
before retail investors started invest-
ing in gilts directly. Also, it remains
to be seen if retail investors can digest
the volatility in the product, which
could be high sometimes.
LOCK IN INTEREST
RATES FOR THE LONGER PII,2
TERM WITH G-SECs
“Pump prices of petrol and diesel have reached
historical highs. An unwinding of taxes on petro-
leum products by both the Centre and the states
could ease the cost-push pressures,” the Monetary
Policy Committee (MPC) said.
The statement comes a few days after the Centre
imposed an agricultural infrastructure and devel-
opment cess on petrol and diesel at the rate of ~2.5
and ~4 per litre, respectively, in the Budget.
However, the government proportionately reduced
Note: MoSPI came out with imputed inflation numbers for April and
basic excise duty and special additional excise duty May, which the RBI didn’t consider for policy purposes
to make it a revenue-neutral exercise and also to
ensure that consumers are not affected.
The Centre imposes both flat and ad valorem
QUARTERLY PROJECTION OF
rates on fuel. For instance, there is a 2.5 per cent REAL GDP GROWTH (YoY in %)
Customs duty on unbranded petrol. Along with
this, on every litre, there is a ~14.90 countervailing
duty, ~18 additional Customs duty, ~1.40 basic
excise duty, ~11 special additional excise duty and
~2.5 of newly imposed cess.
Also, there is no uniformity of taxes among
states.
Aditi Nayar, principal economist at ICRA
Ratings, said, “Unless a cut in indirect taxes on
fuels results in a sharp softening of the inflation
trajectory, we expect the rate cut cycle to have
ended.”
The central bank also wants the Centre and the
states to create conditions that result in a durable
disinflation. “This is contingent also on proactive Source: RBI’s monetary policy statement
supply-side measures,” it said.
The MPC noted that the sharp correction in It sees the economy growing 10.5 per cent dur-
food prices has improved the food price outlook, ing FY22, from a government-estimated contrac-
but some pressures persist, and core inflation tion of 7.7 per cent in FY21. This is slightly lower
remains elevated. than the 11 per cent growth pegged by the
Retail food inflation fell sharply to 3.41 per cent Economic Survey for FY22.
in December, from 9.5 per cent in the previous Growth in H1FY22 has been pegged in the range
month, pulling down overall the inflation rate to of 26.2 per cent to 8.3 per cent against its earlier
4.59 per cent from 6.93 per cent in this period. projections of 21.9 per cent to 6.5 per cent. It fore-
The RBI said the retail price inflation is cast the economy to grow 6 per cent in Q3.
expected to be 5.2 per cent in the ongoing quarter, “We believe both the estimates (by the RBI) may
5.2-5.0 per cent in the first half of the coming finan- be revised upwards given the underlying growth
cial year (FY22) and 4.3 per cent in the third quarter momentum,” said Bank of Baroda Chief Economist

How to taper without a tantrum (of FY22), with risks broadly balanced. Sameer Narang.

Monetary policy to stay accommodative in near term, but exit is near STRESS TEST
reserve ratio hikes, so that it could not resulting in any demand-side require normalising the extent of

RBI doing exactly what AQR

SONAL VARMA
The MPC meeting was widely
awaited for three reasons. First, to
gauge the RBI’s liquidity stance,
as the announcement of the
variable rate reverse repo auction
in early January was perceived by
markets as a reversal of the
accommodative stance. Second,
to assess whether an
expansionary Budget would
mean less monetary policy
support; and third, to seek more
clarity on how the RBI would
manage the government’s large
market borrowings non-
disruptively.
On all these counts, the RBI
delivered on the dovish side. It
reiterated its commitment to
ample liquidity and even
staggered the impending cash
inject liquidity via other means,
such as open market operations
(OMOs). Despite the fiscal
activism in the Budget, the MPC
stated that the recovery was yet to
gain firm traction and needed
continued policy support. And
the RBI said it would ensure an
orderly completion of the
borrowing programme.
Yet, there has been market
disappointment that the RBI did
not take more concrete steps to
lower longer-end yields, for
example, through an OMO
calendar. We do believe that the
RBI will step in intermittently via
OMOs, but with liquidity already
in surplus and the RBI’s forex
intervention also adding to the
liquidity deluge, pre-committing
was never possible.
In the near term, steady as she
goes, is the name of the game.
Growth has picked up, but has
only normalised to pre-pandemic
levels. Credit growth is yet to rise
materially and excess liquidity is
inflationary pressures.
Yet, monetary policy is in
transition. As growth continues to
normalise, monetary policy will
also need to normalise.
The RBI expects real GDP
growth to rise 10.5 per cent YoY in
FY22. This looks conservative to
us. With Covid-19 in check, front-
loaded and higher government
spending, lagged effects of easier
financial conditions, faster global
trade and vaccinations, the actual
growth outturn should be much
stronger — we expect 13.5 per cent
YoY.
Inflation is not a risk for now,
but underlying price pressures
are building up. Higher global
commodity prices (from food, oil
to other industrial raw materials)
amid expectations of steadily
firming demand suggest
medium-term risks from a
gradual return of pricing power
will be important to monitor, and
cannot be accorded secondary
priority for too long. This will
surplus liquidity. We expect CPI
inflation to average above 4 per
cent both in 2021 and 2022.
Moreover, with fiscal policy
taking a more proactive role in
driving growth, the burden on
monetary policy should also
reduce at the margin.
In the coming months, as
growth impulses get stronger, the
tug-of-war between the RBI’s
motivation to support the bond
market (via OMOs) and
fundamentals (that call for
gradual liquidity normalisation)
is set to intensify, in our view. The
RBI’s focus will likely shift from
nurturing the growth impulses to
timing and sequencing the exit,
without triggering major
withdrawal symptoms. Hence,
while policy accommodation
stays for now, a new growth and
monetary policy cycle is about to
begin. Enjoy the ride.
The author is chief economist, India and
Asia ex-Japan, Nomura
does, though unofficially
SUBRATA PANDA
Mumbai, 5 February
The Reserve Bank of India (RBI)
is making its own assessment of
the true state of non-performing
assets (NPAs) in the banking sys-
tem as part of its supervisory
function. In essence, it is actually
an asset quality review (AQR) of
the banking system, without offi-
cially being called that.
In the post-policy press meet,
RBI Governor Shaktikanta Das
said, “We are making our own
assessment of the true state of
NPAs in each of the banks. So, we
have a sense of the overall situ-
ation. We are exactly doing what
an AQR needs to do as part of our
supervision”.
“In the last two years or so, we
have really deepened our super-
vision,” he added.
The Economic Survey, last
week, had suggested that there
should be one more round of
AQR of banks after the Covid-
related forbearance is over.
Das said RBI is collecting data
from all banks on the size of bad
assets. “We are constantly mon-
itoring the impact of standstill
on asset classification and the
impact of Covid-related resolu-
tion framework. All this data is
coming to us on a daily basis. So,
we will have a clearer picture as
we move ahead,” he said. In case
of shadow lenders, Das said, the
supervision team is doing a deep
dive to get a sense of the true
state of affairs with regard to
NPAs.
He said RBI is happy with
banks’ proactive approach to
making provisions in anticipa-
tion of higher NPAs. “There is
wide realisation in the banking
sector that they need to provide
adequately for the buildup of
stress,” he said.
NPAs have reduced in the
banking system in the last few
years as banks have recognised
bad loans aggressively, made
provisions for them and recov-
ered a great deal from legacy
accounts due to the insolvency
law. The NPAs in the system
moderated from its peak in
March 2018 to reach 7.5 per cent
by the end of September 2020.

‘An IWG is taking a look at central bank digital currency’

In the post-policy press meet, Reserve Bank of India Governor SHAKTIKANTA DAS, and Deputy Governors On the impact of retail direct scheme on are watchful of them, but through our market
MICHAEL DEBABRATA PATRA and B P KANUNGO spoke on a range of topics like the retail direct scheme, need for deposit mobilisation by banks… operations we will ensure orderly conditions in
asset quality review (AQR) of banks as indicated in the Economic Survey, and developments on a central bank Das: As the gross domestic product and size of all sections of the market.
digital currency. Edited Excerpts: the economy grows, the total volume of savings
and deposits will naturally expand. So, we feel On whether growth is being driven by fresh
On forward guidance of accommodative Kanungo: For many years we have been trying that it will not undermine the flow of deposits to consumer demand or pent-up demand…
stance… to broad base the G-Sec market and with the banks or mutual funds. It is one more avenue Das: We have been tracking some high-speed
Das: The market has its own way of interpreting size of government borrowing, it is absolutely that has been made available. In any case, small indicators and the list that we monitor is
things. We have said we will continue with necessary that the investor base is broadened. savings offer much higher rates than bank long. In almost all segments we are seeing a
accommodative stance into the next year. We So far, retail investors could access the NDS-OM deposits. Notwithstanding that, bank deposits growth of demand. Therefore, demand has
will take a call, but we have not specified June as (negotiated dealing system-order matching) this year have grown by 11.3 per cent. The size of now moved beyond pent-up demand to
the date by which the forward guidance will end. through an aggregation model — stock the pie is too large to support all. actual demand.
If you see, overall liquidity remains the same. exchanges were allowed to aggregate the
demand and place it with RBI in the NDS-OM. On forward premia rates… On the need for a second AQR…
On allowing retail investors to open gilt Going forward, we thought we should move Patra: Our first objective is to protect our Das: In the last two years, we have deepened
accounts with RBI… beyond this so that retail investors can place a domestic markets from high global spillovers. our supervision. In the context of non-
Das: This is a major structural reform because direct bid in the NDS-OM system. Also, retail And, there is very high surge of capital inflow banking financial companies, I had said two
world over very few countries have done this, investors can open a gilt account with RBI in the and not only that, there is a hunt for yield. Our years ago, our supervisory team is doing a
apart from the USA and Brazil. We are the first to e-Kuber system. An internal working group markets will remain domestically oriented. To deep dive to get a sense of the true state of
do it in Asia. (IWG) is looking at the digital currency model. that extent, there are premium spikes and we affairs with regard to NPAs.

OUR FIRST OBJECTIVE IS TO PROTECT DOMESTIC MARKETS FROM HIGH WILL TAKE A CALL (ON ACCOMMODATIVE STANCE), BUT WE HAVE NOT
GLOBAL SPILLOVERS... THERE ARE PREMIUM SPIKES AND WE’RE WATCHFUL SPECIFIED JUNE AS THE DATE BY WHICH THE FORWARD GUIDANCE WILL END
Weekend Business Standard NEW DELHI | 6 FEBRUARY 2021 6
Punjab State Power Corporation Limited

Indiabulls
PDS MULTINATIONAL FASHIONS LIMITED

PDS
CIN: L18101KA2011PLC094125
Registered Office: #758 & 759,2" Floor, 19* Main,
Regd office :PSEB Head Office ,The mall Patiala, website :www.pspcl.in SPML
Engineering Life
HOUSING FINANCE OFFICE OF CHIEF E N G I N E E R / P P & R ,
Sector - 2, HSR Layout, Bengaluru - 560102, Karnataka.
D-3 Shakti Vihar, PATIALA-147001
Gfatjol, Colkjbnrotivn ElHicr Tel: +91 80 67653000, Email: investors@pdsmultinational.com INDIABULLS HOUSING FINANCE LIMITED SPML INFRA LIMITED
Website: www.pdsmultinational.com Registered Office: M-62 & 63, First Floor, Connaught Place, New Delhi - 110 001, Tele Fax: 0175-2200872 email: ce-ppr@pspcl.in
Regd. Office: F 27/2, Okhla Industrial Area, Phase II, New Delhi - 1 1 0 0 2 0
CIN: L65922DL2005PLC136029 corporate ldentification Number (ClN): U40109PB2010SGC033813 Number: 33813
Tel.: 011-26387091; Fax: 011-26386003;
NOTICE Email: homeloans@indiabulls.com, Tel: 0124-6681199, Fax:0124-6681240, PRESS NOTICE E-mail: info@spml.co.in; Website: www.spml.co.in
Website: http://www.indiabullshomeloans.com/
Pursuant to Regulation 29 read with Regulation 47 of SEBI (Listing Obligations and Disclosure NOTICE INVITING TENDER FOR CLIENT MEMBERSHIP OF POWER EXCHANGE CIN:L40106DL1981PLC012228
NOTICE TENDER SPECIFICATION NO: PPR - 02/2021
Requirements) Regulations, 2015, the Meeting of the Board of Directors of the Company is
scheduled to be held on Friday, February 12,2021, inter-alia, to consider and approve, the
Notice is hereby given, pursuant to Regulation 47 of the Securities and Exchange NOTICE
Board of India (Listing Obligations and Disclosure Requirements) Regulations, PSPCL invites tenders for obtaining Client membership of both the Power Exchanges
Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter NOTICE is hereby given that pursuant ID Regulation 29(1)(a) read with Regulation 47 of the
2015, that a meeting of the Board of Directors of Indiabulls Housing Finance (1,e. 'lndian Energy Exchange' as well as 'Power Exchange of India Ltd.') from traders
ended December 31,2020. The said notice may be accessed on the Company's website at Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Limited (the Company) will be held on Friday, February 12, 2021, to consider and having valid Inter-State Trading License issued by CERC and Membership of both the
www.pdsmultinational.com and also on the stock exchange websites at www.nseindia.com approve, inter alia, the un-audited standalone and consolidated financial results Regulations, 2015, the Meeting of the Board of Directors of the Company would be held on
Power Exchanges to enable PSPCL for Sale/purchase ofpower through exchanges for the
andwww.bseindia.com. of the Company, for the quarter and nine months ended December 31, 2020. Friday, the 12* day of February, 2021, inter-alia Id consider, approve and take onrecordthe
year 2021-22.
for PDS MULTINATIONAL FASHIONS LIMITED
Note:- Ur+Audited Standalone and Consolidated Financial Results of the Company for the Third
Sd /- For further details, please visit the website of the Company
Place: Bengaluru Abhishekh Kanoi (http://www.indiabullshomeloans.com) or that of National Stock Exchange of India 1. Tender specifications can be downloaded from website http://eproc.punjab.gov.in. Quarter and Nine months ended 31" December, 2020.
Date: February 5,2021 Head of Legal & Company Secretary Limited (http://www.nseindia.com) or that of BSE Limited (http://www.bseindia.com). The prospective bidders are requested to get clarification from this office and/or M1s Further, Pursuant to the Company's Code of conduct to regulate, monitor and report trading in
GePNIC well in time in case any difficulty regarding uploading of the tender is Securities of the Company, the Trading Window fix trading in the Securities of the Company
experienced and no last minute request for extension in the opening of tender on this was dosed with effect from January 01,2020 till ForiyEight (48) hours after the declaration of
By Order of the Board
account will be entertained. the Financial Ftesults for the Third Quarter and Nine months ended 31* December, 2020.
For INDIABULLS HOUSING FINANCE LIMITED
Sd/ 2. Last date & tirne for submission is 10.00 Hrs of 19/02/2O21.
The Notice may also be accessed on the Company's website at www.spml.co.in and also on
Place : Gurugram
E5SAR1' Date : February 5, 2021
Amit Jain
Company Secretary
3. lt is informed that in case tender process is not completed due to any reason, no
the Slock Exchange Websites atwww.nseindia.com and www.bseindia.com
corigendum will be published in newspaper. Details regarding conigendum may
ESSAR SECURITIES LIMITED be seen on e-tendering website http://eproc.punjab.gov.in.
F o r S P M L Infra L i m i t e d
A d d . : E s s a r H o u s e , 11, K. K. M a r g , M a h a l a x m i , M u m b a i - 4 0 0 0 3 4 . sd/-
Dy Chief Engineer/PR S w a t i
CIN: L65990TN2005PLC071791 PSPCL Patiala Date: 04.02.2021 Agarwal
C 44/21 76155/12/76/2021/1320 ,
Tel.: + 9 1 2 2 6 6 6 0 1100 • Fax: +91 2 2 2 3 5 4 4 7 8 9 Place: Kolkata Company Secretary
Email: e s l i n v e s t o r s @ e s s a r . c o m • W e b . : w w w . e s s a r . c o m

BANSWARA SYNTEX LIMITED

NOTICE
N o t i c e is h e r e b y g i v e n t h a t p u r s u a n t t o R e g u l a t i o n 2 9 r e a d w i t h
CIN: L24302RJ1976PLC001684
R e g u l a t i o n 4 7 o f t h e Securities a n d E x c h a n g e B o a r d o f India (Listing
Regd. Office: Industrial Area, Dahod Road, P.B. No. 21, Banswara (Raj.)
v^chola Cholamandalam Financial Hnldings limited ^
Obligations and Disclosure Requirements) Regulations, 2015, the
m e e t i n g o f the B o a r d o f Directors of t h e C o m p a n y will be held o n Friday,
Ph. No.: 02962- 240690, 257679 - 681, Fax: 02962- 240692
Website: www.banswarasyntex.com, Email: secretarial@banswarasyntex.com
Financial Holdings . murugappa
F e b r u a r y 1 2 , 2 0 2 1 a t Essar H o u s e , 11, K. K. Marg, M a h a l a x m i , M u m b a i - (Formerly known as 7 7 Financial Holdings Limited]
NOTICE TO SHAREHOLDERS TRANSFER OF T H E DIVIDEND AND
4 0 0 0 3 4 , i n t e r - a l i a t o c o n s i d e r a n d a p p r o v e t h e U n a u d i t e d Financial EQUITY SHARES TO INVESTOR EDUCATION AND PROTECTION FUND CIN: L651OOTN1949PLC002905
Results of the C o m p a n y for the quarter e n d e d D e c e m b e r 31, Regd. Office: 'Dare House', No.234, N.S.C. Bose Road, Chennai - 600 001.
This Notice is given to the shareholders of the Company pursuant to Rule 6 of the
2 0 2 0 a m o n g s t other i t e m s m e n t i o n e d in the a g e n d a , if any.
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Tel: 044-42177770-5: Fax: 044-42110404: Email: investorservices@cfhl.muruaaDDa.com: Website: www.cholafhl.com
T h e a f o r e s a i d notice is a l s o available o n t h e C o m p a n y ' s w e b s i t e at
w w w . e s s a r . c o m and o n the website of the Stock E x c h a n g e at
Refund) Rules, 2016 notified by the Ministry of Corporate Affairs as amended from
time to time ("IEPF Rules").
EXTRACT OF THE DETAILED FORMAT OF UNAUDITED STANDALONE AND CONSOLIDATED
www.bseindia.com. In terms of the provisions of Section 124(6) of the Companies Act, 2013 [The Act"] FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2020
For Essar Securities Limited read with the IEPF Rules, in addition to the unpaid or unclaimed dividend which is
| Crores) |
S d /- required to be transferred by the Company to the Investor Education and Protection
Fund ("IEPF"), equity shares relating to such unpaid / unclaimed dividend and lying Standalone I
D a t e : F e b r u a r y 5, 2 0 2 1 R a c h a n a H Trivedi
as such for seven consecutive years or more are also required to be transferred to
Place: M u m b a i Company Secretary Three months ended Nine months ended Year ended
the Demat Account of IEPF Authority. SI.
The Company has already sent a communication to the concerned shareholders at
No
Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
their address registered with the Company, inter alia, providing the details of their Unaudited Unaudited Unaudited Unaudited Unaudited Audited

GREENPLY INDUSTRIES LIMITED

unpaid/ unclaimed dividend for 7 consecutive years and giving them an opportunity
to claim the said unpaid/unclaimed dividend latest by 20th February, 2021 to avoid 1 2 3 4 5 6

$0enp6f
CIN: L20211AS1990PLC003484 transfer of theirshares to the DematAccountof lEPFAuthority. 1. Total income from operations 2.30 2.53 39.81 7.35 62.24 90.88
Registered Office: Makum Road, P.O. Tinsukia, Assam-786125 In terms of Rule 6 of IEPF Rules, a statement containing details of the name(s) of the
Corporate Office: "Madgul Lounge', 23 Chetla Central Road, shareholders) and their Folio number/ DP ID-Client ID whose shares are liable to be 2. Net Profit / (Loss) for the period before Tax (3.48) (3.42) 39.36 (10.26) 60.77 86.93
& Industries Limited transferred to the Demat Account of IEPF Authority is available on our website
5th & 6th Floor, Kolkata - 700 027 3. Net Profit / (Loss) for the period after Tax (3.48) (3.42) (10.26)
www.banswarasyntex.com for information and necessary action by the shareholders). 38.48 57.97 83.33
Phone: (033) 3051-5000, Fax: (033) 3051-5010, All concerned shareholders) are requested to make an application to the Company/
Email: investors@greenply.com, Website: www.greenply.com 4. Total Comprehensive Income for the period
the Company's Registrar and transfer Agent, with a request for claiming unencashed
or unclaimed dividend for the year 2012-13 and onward to enable processing of (Comprising Profit for the period after tax and Other (3.08) (3.63) 38.47 (9.56) 57.62 82.72
NOTICE claim before the due date. Comprehensive Income aftertax)
N o t i c e is h e r e b y g i v e n p u r s u a n t t o R e g u l a t i o n 2 9 o f t h e S e c u r i t i e s a n d In case no valid claim in respect of such equity shares is received from the 5. Equity Share Capital 18.77 18.77 18.77 18.77 18.77 18.77
Exchange Board of India (Listing Obligations and Disclosure Requirements) shareholders by 20th February, 2021, the said equity shares shall be transferred to
R e g u l a t i o n s , 2 0 1 5 t h a t a m e e t i n g o f t h e B o a r d o f Directors o f G r e e n p l y the DematAccountof lEPFAuthority as per the procedure stipulated under the IEPF 6. Reserves (excluding Revaluation Reserves as shown
Rules. In this connection, please note that:- 1,099.52
I n d u s t r i e s L i m i t e d w i l l b e h e l d o n T h u r s d a y , t h e 11th F e b r u a r y , 2 0 2 1 , in the Audited Balance Sheet of the previous year)
i. In case you hold shares in physical form: Duplicate share certificate(s) will be
inter alia, to consider, a p p r o v e a n d t a k e on record t h e Un-audited issued and subsequently will be transferred to the Demat Account of the IEPF 7. Earnings per Share of ?1/- each - not annualised (7)
financial results of t h e C o m p a n y for t h e q u a r t e r a n d nine m o n t h s e n d e d Authority without any further notice. Further, upon issue of such duplicate share
on 31st December, 2020. certificate(s) the original share certificate(s) which are registered in your name will a) Basic (0.19) (0.18) 2.05 (0.55) 3.09 4.44
stand automatically cancelled and be deemed to be bad delivery.
T h i s is to i n f o r m that, p u r s u a n t t o t h e provisions o f t h e S E B I (Prohibition b) Diluted (0.19) (0.18) 2.05 (0.55) 3.09 4.44
ii. In case you hold shares in electronic form: The shares will be directly transferred to
o f Insider T r a d i n g ) Regulations, 2 0 1 5 (PIT Regulations) a n d C o m p a n y ' s the Demat Account of the IEPF Authority with the help of Depository Participants
C o d e of C o n d u c t for Prohibition o f Insider Trading, t h e T r a d i n g W i n d o w without any further notice. | (? Crores) |
for dealing in s h a r e s of t h e C o m p a n y has already b e e n closed with effect Please note that no claim shall lie against the Company in respect of unclaimed
Consolidated I
f r o m 1st J a n u a r y , 2 0 2 1 a n d will be r e o p e n e d o n 13th F e b r u a r y , 2 0 2 1 dividend and shares transferred to IEPF pursuant to IEPF Rules. Upon transfer to the
Demat Account of IEPF Authority, the shareholders can claim the equity shares Three months ended Nine months ended Year ended
after expiry of 4 8 hours of submitting the a b o v e referred Financial Results SI.
o f t h e C o m p a n y t o t h e S t o c k E x c h a n g e s o n 11th F e b r u a r y , 2 0 2 1 .
along with the dividend(s) from the lEPFAuthority by making an online application,
for which the details are available at www.iepf.gov.in. No
Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
The said Notice may be accessed on the Company's website In case of any queries/clarifications, the concerned shareholders may contact the
at http://www.greenply.com/investors and may also be accessed Company's Registrar &Transfier Agent quoting their Folio No./Demat Account No. at: 1 2 3 4 5 6
on the Stock Exchange websites at http://www.bseindia.com and COMPUTECH SHARECAP LIMITED,
147, Mahatma Gandhi Road, Fort, Mumbai-400001 1. Total income from operations 3,644.67 3,499.30 3,394.82 10,377.62 9,857.62 13,134.70
https://www.nseindia.com _ „ Phone No. 022-22635000/5001, E-mail:-helpdesk@computechsharecap.in 2. Net Profit for the period before Tax 612.52 680.58 585.65 2,087.35 1,691.59 1,806.89
For G r e e n p l y Industries Limited
For Banswara Syntax Ltd.
Sd/- 3. Net Profit for the period after Tax 454.86 505.55 430.31 1,549.87 1,085.48 1,165.05
Sd/-
P l a c e : Kolkata Kaushal Kumar Agarwal Place: Banswara H.P. KHARWAL
4. Total Comprehensive Income for the period
D a t e : 5 t h February, 2 0 2 1 Company Secretary & Vice President-Legal Date: 4* February, 2021 Company Secretary
(Comprising Profit for the period after tax and Other 513.04 436.66 446.45 1,558.03 1,070.03 1,094.44
Comprehensive Income aftertax)
& CELEBRITY FASHIONS LIMITED POST BOX NO. 10077 5. Equity Share Capital 18.77 18.77 18.77 18.77 18.77 18.77
Registered Offlee: 8DF IV&C2,3«l TEL. NOS.: +91 22 22197101
•ftmberam, Channel - 000 045 Em,I: Invests
FAX : 0091-22- 2207 1612 / 6772 6. Reserves (excluding Revaluation Reserves as shown
Fax No: 044 - 4343 2120 CM: L17121TN19MPLC015655 Email: writetous@bbtcl.com THE BOMBAY BURMAH TRADING CORPORATION, LIMITED 4,571.81
in the Audited Balance Sheet of the previous year)
Website: www.bbtcl.com REGD. OFFICE : 9, WALLACE STREET, FORT, MUMBAI 400 001, INDIA.
N O T I C E is h e r e b y given p u r s u a n t to CIN: L99999MH1863PLC000002 7. Earnings per Share of 71/- each - not annualised (7)
Regulation 29 read with Regulation 4 7 of
SEBI (Listing Obligations and Disclosure PUBLIC NOTICE a) Basic 11.34 12.73 10.85 39.46 27.22 29.35
Requirements) Regulations 2 0 1 5 , that a
Notice is hereby given p u r s u a n t t o Regulations 29 and 47 of t h e SEBI (Listing Obligations a n d Disclosure
m e e t i n g of t h e B o a r d of D i r e c t o r s o f b) Diluted 11.34 12.73 10.85 39.46 27.22 29.34
CELEBRITY FASHIONS LIMITED is Requirements) Regulations, 2 0 1 5 , t h a t a M e e t i n g of t h e Board of Directors of t h e C o r p o r a t i o n will be held on
s c h e d u l e d t o be held on Thursday, Friday, 12 th February, 2 0 2 1 , t o inter-alia, consider and a p p r o v e t h e U n a u d i t e d Financial Results (Standalone and
Ii" 1 February, 2021 inter alia, to consider and Consolidated) of t h e C o r p o r a t i o n f o r t h e t h i r d q u a r t e r and nine m o n t h s e n d e d 31 st December, 2020. Note: The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and
approve the unaudited financial results of the This i n f o r m a t i o n is also available on t h e w e b s i t e of t h e C o r p o r a t i o n w w w . b b t c l . c o m and o n t h e w e b s i t e of t h e Other Disclosure Requirements) Regulations, 2015. The full format of the Standalone and Consolidated Financial Results for the quarter and nine months
C o m p a n y for the q u a r t e r ended 3 1 "
Stock Exchanges i.e. w w w . b s e i n d i a . c o m and w w w . n s e i n d i a . c o m ended December 31.2020 is available on the Stock Exchanae websites, www.nseindia.com and www.bseindia.com and also on the Company's website
December, 2020.
For The Bombay Burmah Trading Corporation, Limited, www.cholafhl.com.
Further, this intimation is also available Sd/-
o n t h e w e b s i t e of t h e C o m p a n y a t For Cholamandalam Financial Holdings Limited
Sanjay Kumar C h o w d h a r y
www.celebritygroup.com and on the website
of t h e s t o c k e x c h a n g e s w h e r e t h e M u m b a i ; 05.02.2021 C o m p a n y Secretary P l a c e : Chennai M M Murugappan
s h a r e s of the C o m p a n y are listed, i . e
www.nseindia.com and www.bseindia.com
Date : February 05,2021 visitusatwww.cholafhl.com Chairman
For CELEBRITY FASHIONS LIMITED
Date: 05* February, 2021 Sd/-
Place: Chennai A. Rlshl Kumar
Company Secretary & Compliance Officer
Manaksia Aluminium
C o m p a n y Limited

RISHI TECHTEX LIMITED

CIN : L28129MH1984PLC032008
612, V. K. Indl. Estate, 10/14
Regd. Office: 8/1 Lai Bazar Street, Bikaner Building, 3rd Floor, Kolkata - 700 001
Phone No.: +91-33-2243 5053
E-mail: info@malcoindia.co.in; Website: www,manaksiaaluminium.com
Corporate Identity Number: L27100WB2010PLC144405
CNSE / K f Nifty50

Pais Street, Byculla (W) Mumbai 400 011

Email : info@rishitechtex.com NOTICE National Stock Exchange of India Limited
Web : www.rishitechtex.com
N o t i c e is h e r e b y g i v e n t h a t p u r s u a n t t o R e g u l a t i o n 4 7 r e a d w i t h CIN : U67120MH1992PLC069769
NOTICE
Regulation 29 of t h e SEBI (Listing O b l i g a t i o n s a n d Disclosure
Notice is hereby given that R e g d . O f f i c e : E x c h a n g e P l a z a , C - l , B l o c k G, B a n d r a K u r l a C o m p l e x , B a n d r a (E), M u m b a i - 4 0 0 0 5 1
pursuant to Regulation 47 read with R e q u i r e m e n t s ) R e g u l a t i o n s , 2 0 1 5 , m e e t i n g of t h e B o a r d of D i r e c t o r s
Regulation 29 and 33 of the SEBI of the C o m p a n y will b e held o n Saturday, 13th February, 2021, at Extract of Unaudited Standalone and Consolidated Financial Results for
(Listing Obligations and Disclosure t h e R e g i s t e r e d O f f i c e o f t h e C o m p a n y inter-alia to c o n s i d e r , a p p r o v e
Requirements) Regulations, 2015
a n d t a k e o n r e c o r d t h e U n - a u d i t e d F i n a n c i a l Results of t h e C o m p a n y
the Quarter and Nine months ended December 31, 2020
and any amendments thereof a
meeting of the Board of Directors for the quarter and nine m o n t h s e n d e d 31st December, 2020. ( 7 in C r o r e s u n l e s s o t h e r w i s e indicated)
of the Company will be held on T h i s i n f o r m a t i o n is a l s o a v a i l a b l e o n t h e w e b s i t e o f B S E L i m i t e d
Standalone Consolidated
Wednesday, February 10, 2021, inter
( w w w . b s e i n d i a . c o m ) a n d N a t i o n a l S t o c k E x c h a n g e of I n d i a L i m i t e d
alia, to consider, approve and take on Sr. Particulars Quarter Nine months Quarter Quarter Nine months Quarter
record the unaudited financial results (www.nseindia.com) w h e r e the shares of the C o m p a n y a r e listed
for the quarter and nine months and is a l s o a v a i l a b l e o n t h e w e b s i t e o f t h e C o m p a n y , viz, No. ended ended ended ended ended ended
ended December 31, 2020. www.manaksfaaluminium.com. 31.12.2020 31.12.2020 31.12.2019 31.12.2020 31.12.2020 31.12.2019
The said notice can be accessed
on the Company's website at For MANAKSIA ALUMINIUM COMPANY LIMITED (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
www.rishitechtex.com and also on Place: Kolkata VivekJain 1 Total income from operations 1,192.34 3,227.25 671.21 1,411.97 3,772.90 850.21
the website of the Stock Exchange at
Date : 5th February, 2021 ( C o m p a n y Secretary)
www.bseindia.com 2 N e t Profit f o r t h e p e r i o d ( b e f o r e Tax, 956.77 2,730.68 519.26 1,163.95 3,121.29 660.93
For RISHI TECHTEX LIMITED Exceptional and/or Extraordinary items)
Gauri Gangal
Company Secretary Vl.t PSPCL Punjab State Power Corporation Limited
3 N e t Profit f o r t h e p e r i o d b e f o r e t a x 77.89 1,844.81 519.26 285.07 3,964.97 660.93
Place: Mumbai Regd office : PSEB Head Office,The mall Patiala, website: www.pspd.in (after Exceptional and/or
Date :February 5, 2021 Tele Fax: 0175-2207769
email: directorbilling@yahoo.com Extraordinary items)

4 N e t Profit f o r t h e p e r i o d a f t e r t a x 60.87 1,444.04 394.51 208.60 3,191.39 493.94

corporate ldentification Number (ClN): U40109PB2010SGC033813 Number: 33813
(after Exceptional and/or
Tender Enquiry No. 564 /DB- 200/2021 dated: 04-02-2021
Scope /ShortDescription Selection of Service providers for Spot billing Extraordinary items)
in 93 no.Operation (D5) Division and 60 no
AP feeder meter reading across PSPCL. 5 Total Comprehensive I n c o m e 66.53 1,460.84 395.00 213.08 3,204.12 495.25
GARMENT MANTRA Pre-bid Meeting for the period
LIFESTYLE LIMITED Last date of Downloading of Specification/ 19.02.2021 up to 10.00 AM [ C o m p r i s i n g Profit / (Loss) f o r t h e p e r i o d
CIN: L18101TZ2011PLC017586 Tender documents from PSPCL website. (after tax) and other Comprehensive
Regd. Off: No.15, Murthys Plaza, Last date of Uploading of lenders 19.02 2021 at 11.00 AM
I n c o m e (after tax)]
Kariagounder Street, Date & time of opening of tenders 22.02.2021 at 11:30 AM
Khaderpet, Trupur-641601. Cost of lender Specification ME 6 E q u i t y Share C a p i t a l 49.50 49.50 49.50 49.50 49.50 49.50
Website: www.junctionfabrics.in
Email: companysecretary@junctionfabrics.in Notes:- 7 Reserves ( e x c l u d i n g R e v a l u a t i o n Reserve) - 6,866.58 - - 8,571.76 -
1. The details regarding e-tendering process may be seen on https://eproc.punjab.gov.in as s h o w n in A u d i t e d B a l a n c e S h e e t of t h e
NOTICE
nicgep/app. It may be noted that no hard copy of the specification will be issued by
Pursuant to Regulation 29 read with this office and the specification can only be downloaded from the above-mentioned previous year
Regulation 47 of the Securities and website.
Exchange Board of India (Listing 8 E a r n i n g s p e r e q u i t y s h a r e (FV ? 1 each)
2. Tender specification can only be downloaded from website www.eproc.punjab.gov.in
O b l i g a t i o n s and Disclosure Details regarding E-Tendering is available on website www.pspcl.in. All the - Basic a n d D i l u t e d ( ? ) 1.23* 29.17* 7.97* 4.22* 64.48 * 9.98*
Requirements) Regulations, 2015, prospective bidders are requested to get their digital signatures, register themselves
Notice is hereby given that a meeting of on the website www.eproc-punjab.gov.in and get conversant with the process o * Not annualised
the Board of Directors of the Company online submission of tenders well in time so as to submit the tender by the du
will be held on Friday, the 12,h February, deadline. No request for extension in the due date of tender opening on the above
2021 via video conferencing, interalia, to grounds shall be entertained. The bidders may contact https://eproc.punjab.gov.in a
consider among other matters, unaudited 1 The above is an e x t r a c t of t h e d e t a i l e d f o r m a t of U n a u d i t e d S t a n d a l o n e and C o n s o l i d a t e d Financial Results v i d e Regulation 3 3 of t h e SEBI (Listing a n d O t h e r Disclosure
contact no. 0120-4001002/ 0120-4200 462/120-4001005/ 0120-6277787.
financial results of the Company for the Corrigendum, if any after the publication of this tender enquiry shall only be uploaded R e q u i r e m e n t s ) Regulations, 2 0 1 5 . The f u l l f o r m a t of t h e U n a u d i t e d S t a n d a l o n e and C o n s o l i d a t e d Financial Results are available on o u r w e b s i t e w w w . n s e i n d i a . c o m
quarter and nine months ended 31" on website https://eproc.punjab.gov.in and will not be published in newspapers.
December, 2020. 2 The above S t a n d a l o n e and C o n s o l i d a t e d U n a u d i t e d Financial Results have b e e n r e v i e w e d by t h e A u d i t C o m m i t t e e in its m e e t i n g held on February 4 , 2 0 2 1 and a p p r o v e d by t h e
3. The prospective bidders are requested to be extra cautious in filling the tender and
The above notice is available on the to get in touch with this office in case of any difficulty. Once the tender is opened, no Board of Directors in its m e e t i n g held on February 5, 2 0 2 1 .
company's website www.junctionfabrics.in request regarding giving relaxation or for overlooking any mistake committed by the
and also on the website of Stock bidder will be entertained. For and o n behalf of t h e Board of Directors
Exchange www.bseindia.com. 4. PSPCL Purchase Regutations can be downloaded from the official website of the
corporation i.e. http://pspcl.in.
For Garment Mantra Lifestyle Limited Place: Mumbai V i k r a m Limaye
Contact Person Deputy Chief Engineer / Billing.
Prem Aggarwal Date : February 0 5 , 2 0 2 1 M a n a g i n g Director & CEO
PSPCL, Patiala, 0175-2207769
Tirupur Managing Director
directorbilling@yahoo.com [DIN:00488534]
05.02.2021 DIN No: 02050297 C 43/21 76155/12/74/2021/1292
8 ECONOMY & PUBLIC AFFAIRS
>
NEW DELHI | 6 FEBRUARY 2021 1

Ind AS adoption Budget envisages pvt participation: FM

INDIVJAL DHASMANA 21. It also projected these borrowings

may be deferred
New Delhi, 5 February
Finance Minister Nirmala Sitharaman
said on Friday that though the Budget
provides for enhanced government
at an elevated level of 12 trillion in the
"CONTRARY TO THE coming year. This gave rise to appre-
EXPECTATIONS OF A COVID hensions that resources for the private
TAX, THE GOVERNMENT sector could be crowded, which gov-
HAS CHOSEN TO FUND THE ernment officials did not agree with.

to FY24: Bankers
capital expenditure, it envisages pri-
vate sector participation in a big way.
Addressing industry captains dur-
ing a virtual interaction with the
Confederation of Indian Industry (CII)
on the Budget, she said stress has been
HAMSINI KARTHIK on areas with high multipliers such as
Mumbai, 5 February infrastructure.
This would facilitate the private
Sharing the key guiding principles
BUDGET STIMULUS for the Budget, Sitharman emphasised
THROUGH HIGHER on transparency. “Contrary to expec-
BORROWINGS, RATHER tations of a Covid-19 tax, the govern-
ment has chosen to fund the Budget
THAN INCREASED stimulus through higher borrowings,
TAXES.INTERACTIONS WITH rather than increased taxes,” she said.
CII HAVE HELPED BRING IN Urging a continued dialogue,
CONTEMPORARY THINKING Sitharaman said her interactions with

W
ith more time being given for imple- sector in areas such as power, roads, the CII helped bring in ‘contemporary
mentation of some of the key reserve ports and airports, among others. IN POLICYMAKING” thinking in policy making’.
requirements, sources said deadline Health care and agriculture are the NIRMALA SITHARAMAN The finance minister promised an
for adoption of the Indian Accounting other priorities, she said. FINANCE MINISTER ‘honest leakage-free implementation’
Standards (Ind AS) by banks may be further The government will provide some of the Budget proposals.
extended by two years — to FY24. capital to the proposed Development CII president Uday Kotak said the
Banks were expected to adopt Ind AS from Finance Institution (DFI) and the DFI banks themselves, with support from surge of 25.3 per cent over RE of the Budget was an example of an out-
April 1, 2018, though on April 5, 2018, the Reserve will also raise funds from the market, the government. previous year. standing policy document which
Bank of India (RBI) deferred its implementation Sitharaman said. In addition, the DFI The Budget raised capex by the This, together with various pack- addresses the needs of the economy.
to FY20. Again, on March 22, 2019, it deferred Bill will provide legislative space to pri- government to ~4.39 trillion in the ages announced by the Centre for vul- Kotak appreciated the boldness of the
the accounting standards implementation vate DFIs, she said. revised estimates (RE) of the current nerable sections and to lift the econ- Budget announcements, and the focus
indefinitely. Similarly, the asset reconstruction fiscal year from ~4.12 trillion in the omy out of the Covid impact, meant on growth and transparency.
“Earlier, there were talks about Ind AS adop- company (ARC) for the management budget estimates (BE). that the government raise its market He complimented the Budget team
tion in FY22, but due to the pandemic there was of non-performing assets (NPAs) will It further projected capex to rise to borrowings from BE levels of ~7.8 tril- for the mindset of encouraging private
no progress. Now, with the tenure extended in be floated as a holding company by ~5.5 trillion in the next fiscal year, a lion to ~12.8 trillion in the RE of 2020- enterprise and respecting the markets.
critical reserve and buffer ratios, the implemen-
tation is unlikely before FY24,” said a senior
executive of a private bank.
THE STORY SO FAR
| On April 5, 2018, the Reserve Bank of India

Railways, AAI not part PNB net profit drops

In August 2020, the RBI increased limits
under Held to Maturity (HTM) instruments deferred implementation of Ind AS by
from 19.5 per cent to 22 per cent of net demand a year to FY20

18% QoQ in Q3
and time liabilities (NDTL) in respect of stat-

utory liquidity ratio (SLR) eligible securities
acquired on or after September 1, 2020.
The limit was first increased till March 31, 2021,
and subsequently to March 2022 (in October last
year). Again, on Friday, RBI governor indicated
that the dispensation of enhanced HTM limits
would be restored to 19.5 per cent in a phased
manner, starting June 30, 2023. “It is expected
that banks will be able to plan their investments
in SLR securities in an optimal manner with a
clear glide path for restoration of HTM limits,”
said the statement on developmental and reg-
ulatory policies issued by the RBI.
Likewise, the full phase-in of capital conser-
vation buffer (CCB) of 0.625 per cent has also
been deferred to October 1, 2021 from April 1,
2021. “Considering the continuing stress on
account of Covid-19, and in order to aid the
recovery process, it has been decided to defer
the implementation of the last tranche of the
CCB,” the statement said.
CCB is a buffer that is intended to ensure
that banks have an additional usable capital that
can be utilised in case of losses.
The transition to full CCB of 2.5 per cent was
set to be completed by March 31, 2019.
However, implementation of the last tranche
of 0.625 per cent CCB was first deferred in
November 2018 and subsequently in September
2020. Globally, banks had a deadline of 2019 to
| In 2019, it again deferred the accounting
standards implementation indefinitely
| In August 2020, the RBI increased the
limits under Held to Maturity instruments
from 19.5 per cent to 22 per cent of net
demand and time liabilities in respect to
SLR-eligible securities acquired on or after
September 1, 2020
| On Friday, the RBI governor indicated that
the dispensation of enhanced HTM limits
would be restored to 19.5 per cent in a
phased manner, from June 30, 2023
implement the CCB in accordance with Basel-
III norms.
“Among emerging markets, India is a laggard
and delayed implementation of Ind AS and CCB
could result in markdown of valuations of banks
when they go to the market in FY22,” said a part-
ner of one of the Big Four accounting firms.
Banks say if capital has to be set aside for
‘accounting reasons’, growing the balance sheet
may not be possible. Hence, a deferment in Ind
AS adoption is welcome. “Without knowing the
full impact of Covid on our balance sheets, adop-
tion of CCB is impossible,” said the chief execu-
tive officer (CEO) of a private bank.
of privatisation policy
NIKUNJ OHRI & INDIVJAL DHASMANA vatisation, or merger or 'subsidiarisation' with NIKUNJ OHRI numbers are not compa-
New Delhi, 5 February other public sector enterprises, or closure. New Delhi, 5 February rable as Oriental Bank of
Public sector enterprises in non-strategic sec- Commerce, United Bank of
Government departments, such as Railways, tors will be considered for privatisation Punjab National Bank India merged into Punjab
Posts, Airports Authority of India, major port wherever feasible, or else they will be consid- reported an 18 per cent National Bank from April 1,
trusts, and those that undertake commercial ered for closure. quarter-on-quarter drop in 2020.
operations with development mandate, will Public sector enterprises that have been its standalone net profit to The bank’s gross non-
not come under the ambit of the new PSU pri- created through the Acts of Parliament, such ~506 crore in the December performing assets ratio
vatisation policy announced in the Union as Food Corporation of India, those maintain- quarter (Q3). The state- dropped by 44 basis points
Budget 2021-22. ing critical data bearing national security, owned bank’s net interest to 12.99 per cent from 13.43
Public sector enterprises acting as regu- Security Printing and Minting Corporation of income dropped marginally per cent as of September.
latory authorities, autonomous organisations, India, and not-for-profit companies created by 1 per cent to ~8,313 crore The bank’s net NPA ratio
trusts, and development financing institutions for various promotional activities will also be in Q3, compared with the was at 4.03 per cent in Q3, a
will also be out the ambit, according to the exceptions. previous quarter. In the 4.75 per cent sequential
details of the policy. Public sector enterprises assisting farmers third quarter of last financial decline.
The policy divides public sector enterprises in getting access to seeds and other such help, year, PNB had reported a net The lender has not clas-
into strategic and non-strategic ones. The those created for providing financial assis- loss of ~492 crore. sified any account that was
strategic sector includes atomic energy, space tance to Scheduled Castes, Scheduled Tribes, On a year-on-year basis, not an NPA as on August 31,
and defence, transport and telecommunica- minorities, and other backward classes will the bank’s net interest 2020, as a bad loan based on
tions, power, petroleum, coal and other min- also not be part of the policy. income – the difference the Supreme Court’s blanket
erals, and banking, insurance and financial between interest earned ban on fresh recognition of
services. Bare minimum presence through lending and interest soured loans. However, the
In strategic sectors, a “bare minimum” The “bare minimum” presence of govern- paid to depositors – grew 28 public sector bank has made
presence of the existing public sector com- ment-owned companies in strategic sectors per cent. It grew 22 per cent a contingent provision of
mercial enterprises at the holding company will be counted at the holding company level, to ~23,539 crore during the ~2,520 crore for such
level will be retained under government con- and not at the level of their subsidiaries and April-December period. accounts that were not clas-
trol. The remaining will be considered for pri- joint ventures. The year-on-year sified as NPA.

Following 4-pronged approach to minimise

compliance burden on businesses: DPIIT secy
NIKUNJ OHRI
New Delhi, 5 February
The government is following a four-
pronged approach to reduce the compli-
ance burden on businesses and promote
ease of living, said DPIIT Secretary
Guruprasad Mohapatra.
These are decriminalising minor
offences in all central government laws,
removing redundant laws, introducing cit-
izen governance, and easing license
requirements for businesses, Mohapatra
told journalists.
Ministries have asked to identify out-
dated laws, rules and regulations that “do
not promote ease of living living or ease of
doing business”, Mohapatra said. About
1,400 such Acts have already been
removed since the government came to
power, he said. Citing an example of recent
reforms, he said the government relaxed
the norm for attestation of documents. “In
times of adversity it has helped everyone.
Simple initiatives have removed irritants,”
he said. A number of state legislation like
Shops and Establishment Act, Labour Act,
Civil Supplies Act are being reviewed.
Lastly, ministries and states have to
identify compliance hurdles for trade and
businesses based on the feedback from
their representative bodies by March 31.
For instance, renewal of facilities, like
shops, can be done away with, he said.
After registration, let such establishments
continue without any renewals, till they
want to continue, he added. f renewals are
necessary, they should not be mandated
annually, but for about five years or so.
Also being explored is if registrations,
inspections can be made faceless and
automated.
PLI scheme for all sectors by March-end
Mohapatra said the production-linked
incentive (PLI) scheme announced by the
government for 10 additional sectors,
besides mobile equipment manufacturers,
medical devices, and active pharmaceuti-
cal ingredients, will be notified before the
end of the ongoing fiscal year.
“The PLI scheme will promote global
champions in India for the world,”
Mohapatra said.

Budget may help pare FCI dues,

but risk of cost overrun remains
SANJEEB MUKHERJEE
New Delhi, 5 February
The decision to allocate
almost 10 per cent of the
~34.5-trillion FY21
government expenditure to
Food Corporation of India
(FCI) may wipe off much of
its dues and outstanding
loans, but officials and
experts have cautioned that
concrete steps must be taken
for food subsidy
provisioning through
budgetary allocation to
contain a cost overrun.
The Budget has allocated
around ~4.22 trillion for food
subsidy. Of this, FCI’s share is
around ~3.44 trillion. The
rest is meant for making
payment to decentralised
procurement states.
Of the FCI allocation,
around ~2.18 trillion will go
towards clearing the
National Small Savings Fund
(NSSF) loans. Even after that,
around ~1.26 trillion of NSSF
outstanding loan will have to
be cleared by the FCI.
A source pointed out that
the Centre would need to
provide another ~ 1.5 trillion
to meet FCI's subsidy
requirement, besides
~30,000-40,000 crore for
decentralized procurement
states every year to manage
the expenses and dues.
Officials have also warned
against off-budget
borrowing as has been the
practice in the recent years.
“FCI usually gets around
95 per cent of the Budget
requirement in a given
financial year while the
remaining is transferred
after the books are audited.
But for the last few years, just
50-55 per cent of this was
given as budgetary support
while for the rest we had to
borrow from the NSSF,” a
senior official explained.
This resulted in the interest
burden piling up to almost
~30,000 crore from ~5,000
crore earlier.
The subsidy burden is
incurred primarily due to
distribution of around 60
FOOD SUBSIDY
(~ crore)
108,688
‘19-20*
*Actuals; **Budget estimate; ***Revised estimate
Source: Budget papers
million tonnes of grains at
subsidized rates of ~3 per kg
for rice, ~2 per kg for wheat
and ~1 per kg for coarse
cereals.
An official said a one-
rupee increase in the central
issue price of grains could
lower the food subsidy by
almost ~ 6,000 crore
annually. But it’s a political
call, he added.
The 2020-21 Economy
Survey recommended
increasing the CIP of grains
to cut the rising food subsidy.
For procuring mountains
of grains, FCI does not incur
any subsidy directly. But, the
interest that FCI pays every
year on its borrowing forms
part of the economic cost
which is used to calculate the
final subsidy burden.
422,618
242,836
115,570
‘20-21** ‘20-21*** ‘21-22**
Every year, FCI needs
around ~1 trillion as working
capital to meet its
procurement of around 80
million tonnes of grains
against a requirement of
around 60 million tonnes.
The surplus is carried over,
adding to the overall cost.
Experts are now
advocating adequately
incentivising farmers to shift
from growing paddy and
wheat towards more
lucrative crops to control the
subsidy.
According to former FCI
chairman Alok Sinha,
stopping open-ended
procurement is not feasible.
But, getting farmers to move
to lucrative crops through
incentives could be a way
forward.
.
NEW DELHI | 6 FEBRUARY 2021 TAKE TWO 9 <

Bond market ko gussa

“The fact that pH 5.5 extends to our ernment’s gross borrowing for
entire portfolio including baby products, it the current fiscal year has been
is safe for baby skin. Mothers have picked raised by ~80,000 crore to ~13.5
up this cue, which explains why it is doing trillion. And, the next year’s
well in terms of sales, especially online. We
have used platforms including digital to
educate mothers about the quality and effi-
kyun aata hai gross borrowing is being pegged
at ~12 trillion. The banking sys-
tem’s current bond holding is
cacy of our products as well as emphasise tive stance as long as necessary the yield at both the shorter as already 30 per cent of its assets
the importance of pH,” says Ranjan. — at least during the current well as longer end, bringing against the statutory 18 per cent.
After three years of pushing Sebamed financial year and into the next. down the government’s bor- A quick look at the borrow-
baby products, the company has now All six members of the MPC rowing. Banks, too, get the ben- ing calendar of the past decade
decided to take the Sebamed personal care decided unanimously on this. efit because when the bond yield tells us how herculean the task
range for adults mainstream, prompting it Outlining the increasingly goes down, they make profits for the banking system is. In
to launch the pH campaign. better outlook on growth, the trading in government papers. 2010, the gross borrowing was
“The three-year journey of taking baby- RBI has pegged the growth fore- The RBI has not announced pegged at ~4.2 trillion, which
care products mainstream has given us the cast for next financial year at an OMO calendar but has rose marginally in 2011 and
confidence to look at the adult personal 10.5 per cent, while highlighting extended the limit of bond port- veered between ~5 trillion and
care market closely. In terms of turnover, the “cost push” risks on core folio kept under the so-called ~5.9 trillion in the next six years
our current portfolio run-rate is ~400 crore,
BANKER’S TRUST inflation as consumer demand held to maturity (HTM) catego- till 2017 before crossing ~6.6 tril-

Soap opera
based on maximum retail price. We want to
grow this number 10 times in five years. In
the last three years since our refresh, we
have grown close to five times in terms of
turnover. So we believe our future targets
picks up. ry. This will shield the bank lion in 2018. It dropped to ~5.96
TAMAL BANDYOPADHYAY Retail inflation which had treasuries from mark to market, trillion again in 2019 and rose to
dropped to 4.59 per cent in or MTM, losses when the bond ~7 trillion in 2020.
December — for the first time yield rises. MTM is an account- By rejecting all bids for two
The Monetary Policy within the RBI mandate (4 per ing practice of valuing the bond papers, the RBI sent a signal that

over pH values
are achievable,” Ranjan says.
How is the market viewing the emer-
gence of a new player?
Experts say the personal care market in
India, estimated at nearly ~2 trillion in size,
is large enough to accommodate new
A little-known German personal care company entrants. “The emergence of digital has dis-
rupted the market in many ways. So, if
is taking on the might of the multinationals Sebamed has a new proposition, I am not
surprised that they are advertising it aggres-
with a premium product sively,” says K V Sridhar, global chief cre-
ative officer, Nihilent Hypercollective.
VIVEAT SUSAN PINTO came out with a cleansing bar that has a Trade sources say Sebamed's cleansing
Mumbai, 5 February pH value of 5.5. This was in 1967. Over the bar is priced four times that of HUL soaps
years, Sebamed has launched a range of such as Lux, Pears and cleansing bar Dove.
Committee (MPC), the rate-set-
ting body of the Indian central
bank, did everything it could on
Monday but the bond market
was not convinced. The prices
of government bonds, across
maturities, dropped and the
yield rose till the Reserve Bank
of India (RBI) rejected all bids
for the five-year and 10-year
papers (~11,000 crore each). The
auction of the other two papers
— of two-year and 40-year
maturity — almost entirely
devolved on the primary deal-
cent with a 2 per cent band on at the prevalent market price it would not like the yield to rise,
either side) in the current finan- and not the price at which it is but this may not be enough to
cial year — estimated to be bought. Since the bonds kept ensure a smooth sailing of the
around 5.2 per cent in under the HTM cate- massive government borrowing
the January-March Normally, the gory don’t need to be for the rest of the current fiscal
quarter, 60 basis market eats valued at market year — and the next. The phe-
points lower than out of the RBI
RBI’s earlier estimate. Governor’s
price, banks are not
hit by MTM losses
nomenal rise in the underwrit-
ing commission of the primary
But the inflation fore- hands but the even if their prices dealers tells the story. From less
cast for the first half of size of the govt drop and yields rise. than one paise commission for
next financial year borrowing is Besides, the RBI ~100 worth of bonds, it rose to
(April-September) killing its has opted for a grad- 44 paise for the 40-year paper.
has been raised to the risk appetite ual restoration of For two other papers, for which
range of 5-5.2 per cent banks’ cash reserve all bids were rejected, the com-
from 4.6-5.2 per cent earlier. ratio (CRR). The CRR had been mission was 22-24 paise. This

T
ill a month ago, the concept of “pH”
was relatively unknown to lay con-
sumers. Any reference to the term
would be made largely by dermatologists to
address the issue of suitability of a soap to
skin. pH indicates how acidic a soap is. The
more its pH value, the more it is consid-
ered unsuitable for sensitive skin.
Cut to the present and the scenario is
different.
pH today has become a
better-known term, thanks to
a high-profile advertising
campaign unleashed by a
German company called
Sebamed. Its commercials, vis-
ible across media, have been
bold enough to take on
brands of the leading con-
sumer goods company in
the country — Hindustan
Unilever (HUL) — on the
issue of pH.
These ads claim that
popular labels such as Lux,
Dove, Pears and Rin, built
over years, are high on pH
value. The Bombay High
Court in a recent order
allowed Sebamed to con-
tinue with the campaign AFTER THREE YEARS OF PUSHING SEBAMED
with minor modifications,
providing relief to the firm
BABY PRODUCTS, THE COMPANY HAS NOW
products, all with a pH value of 5.5, which
supports the skin's natural protective lay-
er. These products are clinically tested on
sensitive skin to ascertain their efficacy.
We do not test our products on animals,"
Ranjan says.
In India, pharma company USV has the
licence to market and sell Sebamed prod-
ucts in the country. The company first
launched the Sebamed range, including
baby and
adult skincare
products in
India, in 2007,
pushing it largely
through doctors
While Sebamed's pH campaign has seen it
drop the price of its 100-gm bar to ~99 from
~199, making inroads in a competitive mar-
ket such as personal care will not be easy.
Market leader HUL has already rebutted
Sebamed, saying that the pH campaign is
misleading. “Here is an unhealthy prece-
dent that is being set where companies are
ignoring the benefits of the ingredients that
are good for skin. They are ignoring the fact
that products they are comparing conform
to the Bureau of Indian Standards (BIS),"
Vibhav Sanzgiri, global vice-president,
research & development (R&D), skin cleans-
ing for Unilever, site leader, R&D India and
executive director, HUL, said in a recent
interview with Business Standard.
Soap, for the uninitiated, is made up of
salts of fatty acids, oil, glycerine and other
skin-beneficial ingredients. A well-defined
formulation takes into account how these
ingredients act in combination and not the
pH, say experts.
Soap guidelines by the BIS, inci-
dentally, excludes pH, focusing
instead on the composition (of
soaps) as being relevant to safety
and mildness.
In response, Ranjan says that
consumers have the right to know
the pH value of products.
“While pH is not the only criteri-
on, it is an important indicator of
ers, the intermediaries that buy It's a tightrope balancing act cut by 1 percentage point last succinctly sums up the risks the
and sell government securities. for the RBI but there’s no sur- year to 3 per cent till March 2021. primary dealers are taking for
Following this, the 10-year prise in this. Then, why did the It will be raised to 3.5 per cent in underwriting the bonds and
paper yield, which rose quite a bond yield rise? the last week of March and 4 per keeping them in their books.
bit during the day, closed just Probably, the market want- cent in May. Indeed, the two- Normally, the market eats
one basis point higher than ed a calendar from the RBI on its stage increase will suck out out of RBI Governor
Thursday, but five-year paper bond buying through the so- around ~1.5 trillion from the sys- Shaktikanta Das’s hand but the
yield rose higher. (One basis called open market operations tem but the RBI has promised to size of the government borrow-
point is one-hundredth of a (OMO) and “twists”. A twist — use the space thus created by ing is killing its risk appetite. It
percentage point. Bond prices the Indian version of quantita- other market instruments, hint- will listen to him when he walks
and yields move in opposite tive easing — refers to simulta- ing at OMO purchases. the talk on easing liquidity.
directions.) neous purchase and sale of gov- However, all these could not
As was widely expected, the ernment securities. Under the convince the bond market, The writer, a consulting editor with
RBI kept its policy rates twist or two-step OMOs, the RBI which was looking for some con- Business Standard, is an author and
unchanged and committed to sells short-term papers and buys crete measures for easing the senior adviser to Jana Small Finance
continue with the accommoda- long-term ones, and manages supply side pressures. The gov- Bank Ltd
Daiwa Portfolio Advisory (India) Private Limited
(CIN - U74900MH2007PTC170516)
Registered Office: 10th Floor, 3 North Avenue, Maker Maxity, Bandra Kurla
Complex, Bandra (East), Mumbai, 400051
Tel No. +91 22 66142900 · Fax No. +91 22 6614 2950
PUBLIC NOTICE
Notice is hereby given that Daiwa Portfolio Advisory (India) Private Limited, having its
registered office at 10th Floor, 3 North Avenue, Maker Maxity, Bandra Kurla Complex,
Bandra (East), Mumbai, 400051 India, registered with Securities and Exchange Board
of India (“SEBI”) as a Portfolio Manager under the SEBI (Portfolio Managers)
Regulations, 2020 is surrendering its registration (bearing registration code
INP000003997) to SEBI for cancellation in accordance with the provisions of the SEBI
(Intermediaries) Regulations, 2008.
For Daiwa Portfolio Advisory (India) Private Limited
Sd/-
Atsushi Kobayashi
Date: 06/02/2021 Director

after it was dragged to court DECIDED TO TAKE THE SEBAMED PERSONAL how safe it is for the skin. In other
by HUL. So the campaign CARE RANGE FOR ADULTS MAINSTREAM words, it helps set the standard for
continues to roll despite skin types, much like you have a
HUL claiming that pH standard for body temperature or
alone is not the factor that determines how rather than over the counter (OTC) within blood pressure. This is a new vocabulary in
good or bad a soap is. It is the overall com- stores as other fast-moving consumer goods personal care advertising and will take time
position of the soap that counts. typically did. for people to understand,” he explains.
Yet, the question is, who is Sebamed This strategy was refreshed in 2018 Clearly, Sebamed hopes to make a
and how has it managed to pull off this when the company decided to push its strategic shift in the soap wars of the kind
campaign for so long? Shashi Ranjan, coun- baby-care range of products via the OTC that Procter & Gamble attempted with
try head, Sebamed India and USV FMCG channel. Competitors in this space include its high-end sanitary products challeng-
business, says the company has been Johnson & Johnson and Himalaya. ing J&J’s long-term hegemony in the
around for over 50 years and has made pH Sebamed, Ranjan claims, is now among the nineties. But given the huge changes in
5.5 its unique selling proposition. top three baby-care brands in the country, the consumer landscape between that
"Sebamed was launched after a led by its strategy to position it as a product battle and this one, this is a soap opera
German dermatologist, Heinz Maurer, safe for baby skin. worth watching.

NEWSMAKER/ KISHORE BIYANI / CEO, FUTURE GROUP

Past perfect, Future tense

SURAJEET DAS GUPTA
He has never been afraid of taking on the
multinationals. So in 2005 when Nestlé
started offering South African hypermar-
ket Shoprite at a price lower than they
charged Kishore Biyani’s retail outlets, he
promptly withdrew its entire range of
products from his stores in retaliation. His
confrontationist strategy, alleging that the
Swiss major was indulging in predatory
pricing, worked. Nestlé relented and its
products were back in Biyani’s stores.
Yet, 16 years later, Biyani’s battle with
the world’s largest e-retailer, Amazon, is
not going in his favour. This week, the
Delhi High Court directed his flagship
company to maintain the status quo on its
~24,713-crore deal to sell his business to
Reliance. Without the deal, Biyani, who is
steeped in debt of around ~13,000 crore,
could be in serious trouble.
The order came in response to
Amazon’s petition asking for his deten-
tion and also enforcement of an arbitra-
tion order in Singapore to scrap the deal.
The spat revolves around a 49 per cent
stake in an unlisted Future Group com-
pany together with the right to acquire
the listed flagship Future Retail Ltd if the
Centre were to revoke its ban on foreign
ownership of multi-brand retailers.
Amazon has claimed the Future-RIL deal
violates the contract it signed with
Biyani's firm. Biyani has appealed against
the high court order. But his problems
expanded this week with the Securities
and Exchange Board of India ordering
that Biyani be banned from the securities
market for one year for indulging in insid-
er trading in 2017. Biyani will appeal
against this, too.
Biyani has always viewed multina-
tional retailers with reservations. He has
admitted that while he has learnt a lot of
tricks of the trade by emulating them, he
is not ready to follow them blindly. In an
interview, he said he made it a point to stay
away from Walmart or Macy’s when he
was abroad. “By going to a Walmart or a
Macy's, you could get overwhelmed into
thinking that was the best model and stop
learning,” he had said.
He has said he’s read virtually every
book on Sam Walton or Marks & Spencer
and other top retailers, including Zara.
From Walton, he realised the importance
of being merchandise-driven, which pri-
marily meant concentrating on product
and cost to drive operational efficiencies.
Taking a leaf out of his book, Biyani repli-
cated the Walmart model of appointing
category managers to oversee product
categories.
Marks & Spencer taught him the
importance of building in-house private
labels (an art he mastered), where margins
are better and quality easier to control.
And from Zara, Biyani picked up the con-
cept of “mind to market” in fashion, which
was to crunch the time taken between
ideation to the display rack by anticipating
what consumers want.
But he also learnt from desi retailers to
address Indian consumers’ particular
preferences. In 2007, he told Wall Street
Journal that initially, he discovered that
Indian consumers often walked out of his
stores with their wide aisles and orderly
displays. So he designed his stores to make
them untidy, cramped and filled with
noisy, haggling customers — spending
~50,000 crore to introduce narrow,
crooked aisles and other changes.
His first independent venture was a
small plant to make trousers under the
Bare brand. It is here that he learnt a key
lesson — shout louder than the rest. So
while his revenue from the brand in the
first year was ~7 lakh, he spent ~16 lakh on
advertising. Promoting the various retail
brands was a key element in making
Future group a force to reckon with.
He also understood the challenges for
a retailer due to the diversity of customer
behaviour in different regions of the coun-
try. For instance, in a discussion he point-
ed out that in Hyderabad customers like
loud colours, while Bengaluru prefers sub-
tler shades. He converted this into a sub-
tle science by creating specialised region-
al diversity tracking systems so that he
had the right product in the right city.
Despite this extreme customer-centric
approach, Biyani failed to spot and
respond to the biggest change in retailing
— the explosion in e-commerce from
Amazon and Flipkart (now owned by
Walmart). In 2017, he publicly stated that
online retail was not a threat to his group;
instead, Future was a threat to the big
global boys since even Alibaba and
Amazon were now buying physical retail-
ers. He did flirt with the idea of collabo-
rating in e-commerce with on-again, off-
again discussions with Amazon, recently
claiming that he had approached Amazon
eight times to rescue the group when its
debt was burgeoning, but the Seattle-
headquartered giant did not respond.
That spectacular error of judgement
now finds him caught between one of the
world’s fastest growing e-commerce com-
panies and the Reliance juggernaut. The
jury is still out on what the retail space will
look like in the next few years. But it is a fair
bet that Biyani will not be there to claim his
title as the badshah of Indian retail.
10 WORLD
>
IN BRIEF
Russia expels EU diplomats
Senate backs Biden’s $1.9-trn
over ‘illegal’ Navalny protests
Russia has expelled diplomats from Germany, Sweden and
Poland. The foreign ministry said in a statement the EU
aid after Harris breaks the tie
diplomats "took part in illegal protests" held in support of Rejects minimum
Putin critic Alexei Navalny, the BBC reported. The anno-
uncement came on Friday, hours after EU foreign affairs wage increase
chief Josep Borrell met Russian Foreign Minister Sergei
Lavrov in Moscow. German Chancellor Angela Merkel said LUKE BROADWATER, HAILEY FUCHS &
her country was prepared to continue sanctions on Russia, JIM TANKERSLEY
including against individuals, but said it was a "diplomatic Washington, 5 February
duty" to keep open channels of communication with
T
Europe's giant eastern neighbour. A Swedish foreign he American Senate
ministry spokeswoman has denied that its diplomat endorsed President Joe
participated in any demonstration. AGENCIES Biden’s $1.9 trillion sti-
mulus package just before sun-
rise on Friday, voting along
Fox News faces $2.7-billion party lines over unified
Republican opposition to
lawsuit over fraud claims approve a Budget blueprint
that would allow Democrats to
Call it the revenge of the voting machines: Smartmatic has enact it with no GOP support.
joined Dominion Voting Systems in seeking billions of After a 15-hour voting ses-
dollars in damages from supporters of former President sion that stretched overnight,
Donald Trump who have claimed voter fraud. Florida- Vice President Kamala Harris
based Smartmatic filed a defamation suit Thursday against arrived early in the morning to
Fox News, some of its better-known news employees and the Senate dais, where she cast
two attorneys close to Trump, Sidney Powell and former her first tiebreaking vote. The
New York Mayor Rudy Giuliani. The lawsuit, which seeks $2.7 Senate adopted the Budget
billion in damages, accuses them of executing a measure by a vote of 51 to 50.
coordinated disinformation campaign aimed at convincing In the marathon session —
the public of rampant election fraud. BLOOMBERG known as a vote-a-rama and for
which more than 800 amend-
ments were drafted — Senate
Oli seeks public support for Democrats maneuvered
through a series of politically
early election amid protests tricky amendments that
Republicans sought to attach
to their budget plan.
They also endorsed a
number of ideas that could
drive negotiations on Biden’s
stimulus measure, embracing
a proposal to exclude high
earners from direct payments
Nepal’s Prime Minister KP Sharma Oli insisted on Friday he
A day after Britain
had the legal right to dissolve Parliament and said he was
justified in calling an early election in the face of
widespread opposition from within his own ruling
acts against CGTN,
Communist party. “The prime minister has the prerogative
to dissolve Parliament,” Oli told a crowd PHOTO: REUTERS China targets BBC
The BBC came under fire
Two killed and 16 injured in from Chinese officials and
social media on Friday in an
grenade blast in Balochistan escalating diplomatic dis-
pute, a day after Britain’s
At least two persons were killed and 16 people, media regulator revoked the
including two children, injured when unknown TV licence of Chinese state
miscreants lobbed a hand grenade at a busy market media outlet CGTN.
area in Pakistan's restive Balochistan province on Britain and China have
Friday, according to media reports. No one been exchanging barbs for
immediately claimed responsibility for the bombing, months over China’s crack-
which took place near the office of the deputy down on dissent in the
commissioner at Luni Chowk in Sibbi town, Dawn News former British colony of
reported. AGENCIES Hong Kong, concern over
the security of Huawei tech-
nology and the treatment of
ethnic Uighur Muslims in
Google opens paid-for China’s Xinjiang region.
On Thursday, Britain’s
Australia news platform
Ofcom revoked the licence
of CGTN, the English-lan-
guage sister channel of state
broadcaster CCTV, after con-
COLIN PACKHAM cluding that China’s ruling
Canberra, 5 February Communist Party had ulti-
mate editorial responsibility
Tech giant Google on Friday launched a platform in Australia for the channel.
offering news it has paid for, striking its own content deals with Minutes later, China’s for-
publishers in a drive to show legislation proposed by Canberra eign ministry issued a state-
to enforce payments, a world first, is unnecessary. ment accusing the British
Only rolled out previously in Brazil and Germany, the News Broadcasting Corp of push-
Showcase platform was originally slated for launch last June.
But Alphabet-owned Google delayed plans when Canberra
moved to make it a legal
requirement for Google and
Facebook to pay Australian
media companies for
Quest for Hollywood fame splits Redditors fuelling mkt frenzy
content, unprecedented NATHANIEL POPPER, TAYLOR LORENZ
anywhere else in the world. & MATT PHILLIPS
The tech firm, still lob- 5 February
bying the Australian gov-
ernment in private meet- Late on Wednesday, a moderator of
Google said it looked ings, has previously said was the popular Reddit message board
forward to striking the legislation was “unwork- WallStreetBets posted several
agreements with more able” and would force it to screenshots on the chat app Discord.
Australian publishers, pull out of the country alto- They showed that other moderators
whose position has been gether if implemented. had quietly started talking among
bolstered by Canberra’s With the legislation now themselves about landing a movie
aggressive push back before a parliamentary deal.
against Facebook inquiry, Friday’s launch of “What’s our cut?” one of the
and Google News Showcase in Australia moderators had asked in a Discord
will see it pay seven domes- chat, according to the screenshots.
tic outlets, including the By Thursday morning, that quest
Canberra Times, to use their content. Financial details of the for Hollywood riches had exploded
content deals weren’t disclosed, and Canberra Times publisher into an ugly battle, giving a glimpse
Australian Community Media didn’t immediately respond to a into the unruly nature of a suddenly
request for comment. famous Reddit community. That was
Google said on Friday in a statement it looked forward to when the WallStreetBets moderators
striking agreements with more Australian publishers, whose who were considering the film deal
position has been bolstered by Canberra’s aggressive push back began booting out other moderators
against Facebook and Google. REUTERS who had questioned them for
THE BS CROSSWORD #3353
ACROSS: 22 Worker on the railway
5 They're the least one can following a number of
expect (6) estate people (8)
7 Completely provide gear for 23 Heard moving about the lair
angler (4,4) and got set (8)
9 It's stale stuff to an essayist, 24 Forms with no head girls (6)
lady! (8)
10 The figures are the quarters DOWN:
to be divided by it (6) 1 The highest point left in a
11 In great numbers like a dim- boat (8)
witted runner? (5,3,4) 2 Removes bat from table and
13 Turn up to find a number consumes a most palatable
motionless outside (6) Spanish rice dish (6)
15 Kite has low resistance in 3 Bird having frolic in forest
usual state (6) first (8)
18 Something warm to put on 4 Not to have first rate
and get after the feller (6-6) navigation aid can be
21 Describe ancient dweller depressing (6)
from in France first (6) 6 Strict control of press cards
US President Joe Biden delivers a speech on foreign policy, in
Washington, as Vice President Kamala Harris looks on AP/PTI
of up to $1,400 — an idea that do not require Republican sup-
the president and leading port to approve it, for a final
Democrats have already said vote expected later Friday.
they are open to — and the cre- While the measure does not
ation of a new form of child have the force of law, the action
allowance for low- and middle- paves the way for the next step
income families. Senators also in the budget reconciliation
agreed to bar any increase in process, which ultimately
the federal minimum wage, a would allow Democrats to
centerpiece of Biden’s plan, advance Biden’s plan without
during the pandemic. Republican votes.
Despite the amendments,
the process left Biden’s plan
Still, the proposal did not
pass the Senate without some
largely intact as Democrats
moved forward.
setbacks for Democrats. In a
potential sign of trouble ahead
“We cannot repeat the mis- for a major plank of Mr. Biden’s
takes of the past,” said Senator plan, the Senate agreed to a
Chuck Schumer, Democrat of Republican proposal by
New York and the majority Senator Joni Ernst, Republican
leader. “We cannot do too little.” of Iowa, to prohibit any mini-
The resolution will go next mum wage increase during the
to the House, where Democrats pandemic. NYT
Alibaba’s $38-bn bond sale shows
confidence among Jack Ma fans
Alibaba Group Holding drew
robust orders for a $5 billion
bond sale, demonstrating
investor confidence in the e-
commerce giant’s long-term
prospects amid easing tensions
with Chinese regulators.
The four-tranche offer
received more than $38 billion
in orders at the peak, according
to people with knowledge of the
matter. The notes comprising
10-year, 20-year, 30-year and
40-year maturities were priced
at 30 basis points to 40 basis
points lower than initial guid-
ance, as measured in yields
above comparable Treasuries,
The BBC said it stood by its said the people, who aren’t
“accurate and fair reporting”
of events in China and totally
rejected accusations from
the Chinese foreign ministry Tencent Music taps banks for $5 bn HK listing
ing “fake news” in its Covid- Tencent Music Entertainment
19 reporting, demanding an Group has selected banks to
apology and saying that the arrange its planned second list-
broadcaster had politicized ing in Hong Kong, which could
the pandemic and “rehashed raise as much as $5 billion,
theories about covering up according to people familiar
by China”. The BBC with the matter.
said its reporting is fair and JPMorgan Chase & Co and
unbiased. REUTERS Morgan Stanley are among
secretly trying to profit from the
forum’s success. Eventually,
employees at Reddit weighed in to
try to quell the unrest.
“Can you all discuss with me what
is going on?” a Reddit employee with
the screen name sodypop asked,
according to screenshots of the
conversation shared with The New
York Times.
The WallStreetBets fight is the
latest twist in the saga of an online
army of investors who have roiled
Wall Street over the past 10 days.
Fueled by posts on the message
board, where participants urged one The moderators of the Reddit message board WallStreetBets battled over
another to buy the stock of the video- movie deals after their sudden fame with the GameStop mania
game retailer GameStop, the
company’s shares went on an GameStop’s shares have since
extraordinary run. The market gyrated wildly. On Thursday, the
frenzy entrapped hedge funds that stock plunged 42 percent.
had bet against GameStop’s stock, a The chaos has put a spotlight on
populist move that soon captured WallStreetBets, which has been on
mainstream imagination. Reddit since 2012 and which millions
that are issued (4,4) round the empty goal (6)
7 Doesn't throw away a 20 Star for example in Virginia
broken ash rod ? (6) (4)
8 Not a makeshift defence
organisation (4)
12 Try out a military gun- SOLUTION
carriage? (8)
14 The original pigment may be
attractive (8)
16 See a quarter in the game
and some monstrous
goings-on here (4,4)
17 Objected to having the
expert removed and tried
(6)
18 A number in beastly
residences are Scottish
landowners (6)
19 It's wild here for a time
NEW DELHI | 6 FEBRUARY 2021
‘America is
back’: Prez
touts muscular
foreign policy
REUTERS
Washington, 5 February
US President Joe Biden on
promised a new era after the
scattershot foreign policy of
his predecessor, Donald
Trump, declaring “America is
back” on the global stage in
his first diplomatic address
as president.
In his speech, Biden sig-
naled aggressive approaches
to China and Russia, urged
Myanmar's military leaders
to halt their coup, and
declared an end to US sup-
port for a Saudi Arabia-led
military campaign in Yemen.
"American leadership
must meet this new moment
of advancing authoritarian-
ism, including the growing
ambitions of China to rival
the United States and the
determination of Russia to
damage and disrupt our
democracy. We must meet
the new moment ... acceler-
ating global challenges from
the pandemic to the climate
crisis to nuclear prolifera-
tion," said Biden.
authorised to speak publicly.
The robust demand helped
Alibaba secure relatively cheap
borrowing costs. Comparable
notes sold by Amazon.com in
arrangers chosen to lead the
offering, said the people, who
asked not to be identified as the
information is private. A listing
of the Chinese music-stream-
ing service in Hong Kong could
happen as soon as this year, the
people said. More banks could
be added to the share sale and
use to trade stock tips and chat about
specific investments. Once the
GameStop mania began last month,
millions more joined the message
board. At one point, the forum’s
settings were set to private —
#3352
1
Astra shot works
against UK variant,
finds Oxford study
REUTERS
London, 5 February
J&J seeks FDA
AstraZeneca and Oxford
nod for vaccine
University's Covid-19 vaccine Johnson & Johnson asked the
has similar efficacy against the US drug regulator to clear its
British coronavirus variant as experimental Covid-19 vaccine
it does to the previously circu- for emergency use, setting up
lating variants, the university what is likely to be a fast-
said on Friday. moving review process that
The variant, first identified may lead to millions more
in Kent, southern England, is doses becoming available to
more easily transmissible,
prompting many countries to
step up a stumbling
immunization drive. It filed an
restrict travel to Britain. It also
led to a spike in infections that
application for an emergency-
use authorisation with the US
forced a new national lock- FDA. BLOOMBERG
down in England last month.
That lockdown came as
Britain started rolling out the Sarah Gilbert, co-developer
AstraZeneca vaccine. Over 10 of the vaccine, said although
million people have received the vaccine had efficacy
a first dose of either against the UK variant, it
AstraZeneca or Pfizer's shot. might need to be adapted for
Britain had said that it a future variant.
believed the vaccines were “We are working with
effective against variants that AstraZeneca to optimise the
are circulating in the UK. pipeline required for a strain
"Data from our trials of the change should one become
ChAdOx1 vaccine in the
United Kingdom indicate that
necessary,” Gilbert said.
The findings, released in a
the vaccine not only protects
against the original pandemic
preprint paper and not peer-
reviewed, also detailed recent
virus, but also protects against analysis showing that vaccina-
the novel variant, B.1.1.7, which tion with the shot results in a
caused the surge in disease reduction in the duration of
from the end of 2020 across shedding and viral load, which
the UK,” said Andrew Pollard, may translate into a reduced
Chief Investigator on the transmission of the disease,
Oxford vaccine trial. Oxford University said.
JUMBO BONDS lower coupons on each of its
new notes compared to those
Alibaba has pulled off of the same tenors sold in 2017.
some of the largest
bond issuances in Asia
The new dollar debt sale is
the biggest in Asia since a $6
$Bn
2014 8.0
billion issuance by rival
Tencent Holdings in May. It
2015 7.9 comes amid growing expecta-
2017 7.9 tions that Jack Ma’s tech
empire may have avoided the
2021 5.0
worst-case scenarios — which
Note: Alibaba issued bonds had ranged from a govern-
in 2015 in exchange for its
2014 notes ment-led takeover to a break-
up of his companies — after
June saw some of their spreads the billionaire entrepreneur
tighten by around 20 basis briefly returned to public sight
points from initial pricing. last month and as Ant Group
Thanks to a decline in US inter- Co. began its lengthy overhaul
est rates, Alibaba also fetched process. BLOOMBERG
details including size and time- at the bottom of a marketed
line could still change, the range. Its shares have since
people said. Representatives almost doubled, giving the
for JPMorgan, Morgan Stanley company a market value of
and Tencent Music declined to about $42 billion.
comment. The online-music Tencent Music’s second list-
arm of Tencent Holdings raised ing will provide another boost
about $1.1 billion in its US IPO to Hong Kong’s already-hot
in 2018 after pricing the offering capital markets. BLOOMBERG
meaning that posts could not be
publicly viewed — because it was so
overwhelmed by the flood of
attention. By Thursday afternoon,
WallStreetBets had over 8.5 million
members, the vast majority of whom
had joined in the wake of GameStop.
“It’s definitely huge,” Nick
Cormier, 35, a Los Angeles resident
who has been a regular lurker on
WallStreetBets for the last four years,
said of the influx of new users and
attention. “The amount even this
past week has been astronomical.”
Moderators, who handle the day-
to-day management of the online
community, are central to all Reddit
boards. On a volunteer basis, they sift
through thousands of comments, bar
users who break the rules and draft
guidelines. Some moderators also
build custom technology, such as
automated bots, to help the group
run more smoothly. NYT
BS SUDOKU #3275
Very easy:
«
Solution on Monday
SOLUTION TO # 3276
HOW TO PLAY
Fill in the grid so that every
row, every column and
every 3x3 box contains the
digits 1 to 9
12
>
NEW DELHI | 6 FEBRUARY 2021 1

MADHYA PRADESH WAREHOUSING &

LOGISTICS CORPORATION
Head Office : Office Complex, Block "A" Gautam Nagar,
Ministry of Food Processing Industries
Bhopal, Contact No. : 0755-2600509, 2600510
No./MPWLC/2020-21/6220 Bhopal, Dated : 05.02.2021 Government of India
NOTICE INVITING TENDER
MPWLC invites online bids to appoint a Service Provider for
Financial Assistance to set up Mega Food Park
Preservation, Maintenance and Security (PMS) of food grain Under
stocks (Wheat, Paddy & other notified commodity) on Open PRADHAN MANTRI KISAN SAMPADA YOJANA
CAP for a period of Two year with a provision for further One
more year extension based on performance of the Service INVITATION OF PROPOSALS
Provider and at the discretion of MPWLC. Different 8 Group
which is mentioned in details NIT displayed on http:// Proposals/Expression of Interest (EOI) are invited from potential
www.mpwarehousing.com and available for purchase of
tender document and participation in NIT can be obtained from promoters/investors for setting up Mega Food Parks under the Mega
http://www.mptenders.gov.in. The cost of document Rs. Food Park Scheme (MFPS) of PRADHAN MANTRI KISAN
11800/- (including GST). The earnest money for each group
Rs. 10,00,000/- (Ten Lakh) should be submitted online. SAMPADA YOJANA (PMKSY) in the country for providing modern
Scanned copy of EMD should be uploaded online along with infrastructure facilities for food processing along the value chain from
the reference details. The Pre-bid meeting is scheduled on
16.02.2021 at 11:30 hours in the Head office, Bhopal. For any
farm to market.
further details/Revision/Amendments please visit above sites.
The online tenders are invited up to dated 26.02.2021 The willing promoters/investors may submit their proposals online
17.00 hours on http://www.mptenders.gov.in. MPWLC only through the portal i.e. http://sampada-mofpi.gov.in/mfp/login.aspx
reserves the right to increase/decrease/Cancel/withdraw any
or all the location or tender of the District without assigning any
as per the Mega Food Park Scheme Guidelines dated 21.07.2016.
21!  !!"  $! reason and shall bear no liability whatsoever consequent upon
      !!" such a decision. Last date for submission of application is 03.03.2021 by 5:00 PM.
#$% & 
' ()*(' !+ +,-.,-/+01 M.P. Madhyam/99836/2021 MANAGING DIRECTOR
 
 
 V…§… i…EÚ EÚ…‰Æ˙…‰x…… EÚ“ n˘¥……<« x…Ω˛”, i…§… i…EÚ  f¯±……<« x…Ω˛”* For detailed operational guidelines of the scheme, Expression of




   
 
            Interest (EoI), requirement of EMD etc. Ministry’s website:
       
   !!  
 "     #      !   !! 
$
www.mofpi.nic.in may be visited.
%    
&      %     
! 
'  (     )  

       For clarifications, if any, please contact on Tel No. 011-26406547.

  
  
    * +  
+  
  
   ' &   ',( Email: mfp-mofpi@gov.in

! !           

 " !  
  
     
      @MOFPI_GOI @MOFPIIndia
   

       -.-..-./     

GEE Limited
CIN : L99999MH1960PLC011879
       !  -.-..-./  01-- ! " Registered Office : Plot No E-1, Road No. 7, Wagle Industrial Estate, Thane-400604 DAVP 16101/11/0008/2021
# $  
    -2-..-./ 3/--- 4  Website : www.geelimited.com Email : Shares@geelimited.com
-5-..-./ !  -.1-- ! %   &  '  Telephone : +91 22 25820619, Fax: 02522-281199
-6-..-./  -/1-- ! 
  &   %   ( NOTICE is hereby given that pursuant to Regulation 47 read with Regulation 33 of
#  )!

 
    -7-..-./  //-- 8 * the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that
#  )!

  +   ..-..-./  /-- + ,  the Meeting of the Board of Directors of the Company will be held on Friday, February
 !  -  . 
 .0-..-./  .-- +9  12, 2021, inter alia to consider and approve the Un-audited Financial Results of the

  &    %   /   -  Company for the quarter ended December 31, 2020.
0 )
 %
     
! "  This notice is also available on Company’s website www.geelimited.com and on the
   
  
  '  website of stock exchange www.bseindia.com.

          !  
  By order of the Board
For GEE Limited
!          
 
     
sd/-
 
    
  ! 
  
Shivani Sharma
 8&15919 1   2 Date : February 6, 2021 Company Secretary and Compliance Officer
 9(99 0 
  3)  4 5672 5!! Rameshwar Media
.
NEW DELHI | 6 FEBRUARY 2021 POLITICS & PUBLIC AFFAIRS 13 <

Tomar defends farm laws

ahead of chakka jam today
Unions say they won’t of the protests, but the deadlock
continues.
enter Delhi; UP and Tomar reiterated that the NDA gov-
ernment under the leadership of Prime
Uttarakhand exempted Minister Narendra Modi is fully com-
mitted towards farmers. He said the gov-
SANJEEB MUKHERJEE & AGENCIES ernment has held several rounds of talks
New Delhi, 5 February while respecting their protest.
Prime Minister Modi lauded Tomar’s

A
s a belligerent Opposition con-
tinued to attack the central govern-
ment on the three farm Acts in
Parliament, Union Agriculture Minister
Narendra Singh Tomar defended the laws
in a speech in the Rajya Sabha on
Thursday, saying the farmers’ unions and
Opposition parties haven’t been able to
point out any flaws in the laws.
This came just a day before the nation-
wide chakka jam announced by farmer
unions between 12 pm and 3 pm on
Saturday.
However, the Delhi National Capital
Region and Uttar Pradesh and
Uttarakhand have been exempted from
the stir. The protesting farmers have also
decided not to enter Delhi.
“Due to prevailing agriculture opera-
tions in UP and Uttarakhand, the chakka
jam has been withdrawn from these states
and instead the protesting farmers will
submit a memorandum to their respective
district magistrates,” read a statement by
the Bhartiya Kisan Union (BKU) faction
led by Rakesh Tikait.
Meanwhile, intervening during the
motion of thanks to the President’s
address to both houses of Parliament at
Agriculture Minister Narendra Singh
Tomar speaks in the Rajya Sabha during
the Budget session of Parliament
the start of the Budget session, Tomar said
despite the Acts not containing any flaws,
the Centre has offered to amend them to
respect the sentiment of the protesting
farmers.
Tomar, along with two other
Union ministers, has held 11 meetings
with farmers’ representatives in the wake
remarks, saying he has given detailed
information on every aspect of the legis-
lations. In a tweet, Modi posted a video
link to Tomar's statement and said it is
his humble request that people hear his
speech.
Participating in the debate, the Shiv
Sena, SAD, NCP, Samajwadi Party and
Left parties demanded that the three
laws be repealed and fresh ones brought
in after wider consultations.
Shiv Sena MP Sanjay Raut alleged
that anyone speaking the truth is dubbed
a “traitor” or “anti-national” and that
cases of sedition have been slapped
against those criticising the government.
“Everyone keeps saying that the gov-
ernment must leave its arrogance, but
where is the arrogance.... We are ready
for talks. We even offered to put it (the
laws) in abeyance for 18 months. If we
are showing so much flexibility, why
don’t they (protesting farmers) show
similar flexibility... If people in support
of the laws also sit on dharna, do we want
civil war? We say it is supreme House...
no one can take this House for granted,”
BJP member Vinay P Sahasrabuddhe
said in the Rajya Sabha.

FROM PAGE 1
SHIVA TEXYARN LIMITED
>

Special PMLA... headcount sits there; and

Business Standard has
reviewed the summons order.
The court order has cited a
summary of the ED findings,
which are part of the charge
sheet. According to them,
Chanda Kochhar and Deepak
Kochhar were long associated
with Dhoot. In 1992, Deepak
Kochhar floated Vikvin
Finance with his mother. Later
in 1994, he changed the name
to Credential Finance, in which
Chanda Kochhar had been
allotted equity shares. In the
same year, Dhoot invested
approximately ~10 crore in
CFL, which was merged with
Bloom Field Builders and
Construction Company, in
which Dhoot/Videocon Group
was holding a majority share-
holding.
2-wheeler...
Rival Bajaj Auto had also
recently announced that the
company had lined up ~650-
crore capex to set up a 1-mil-
lion-unit per annum facility in
Chakan, Pune. The new plant,
which will produce the KTM,
Husqvarna and electric two-
wheelers, will take the
Mumbai-based company’s pro-
duction capacity to 2.2 million
units per annum. This is over
and above their regular capex
plan, reflecting the company’s
focus on the premium motor-
cycle segment and electric
vehicle business.
Even TVS Motors said the
company would do a capex of
around ~500 crore in FY22 to
develop new products and
technology. “Two reasons will
drive investment in the auto
sector this decade. One is
capacity expansion. Our
exports are growing. The sec-
ond is a shift towards electric
transportation era. All players
will have to invest heavily
here,” Venu Srinivasan, CMD
at TVS Motors, said on Friday.
Visa demand...
Pareekh Jain, founder and lead
analyst, EIIRTrend, said
onshore hiring had been
related to margins. However,
with the strategy of hiring
locals, dependency on visas
has come down. “The pan-
demic has made customers
realise that work can happen
from anywhere. We have seen
contracts where the onshore-
offshore ratio has moved from
25-30:70 to 10-15 per cent
onsite,” added Jain.
Nilanjan Roy, chief finan-
cial officer, Infosys, during the
analyst call after the Q3 results,
had acknowledged with the
current travel restrictions and
work from home a norm,
clients were more open to off-
shoring. “Our hiring in the US
as a pyramid is something
unique to Infosys, creating six
digital hubs, recruiting from
universities and community
colleges. Historically the IT
industry had a steep pyramid
onsite. Seventy-five per cent of
employee cost is onsite
whereas only 25 per cent of the
therefore, if you do not address
the onsite pyramid you really
have a battle up your hand,”
said Roy on the call.
HCL, after its third-quarter
numbers, said it would be hir-
ing 20,000 over the next four
to six months, and of them 15
per cent would be onshore.
Experts point out it is not just
about hiring locals, empower-
ing local staff to create, and
equally important, and capture
added value doesn’t happen
without preparation. It requires
a thorough conceptual under-
standing of what customers
perceive and experience as
value-enhancing and are will-
ing to pay for.
Expert panel...
“Pfizer will continue to engage
with the authority and resub-
mit its approval request with
additional information as it
becomes available in the near
future,” the spokesperson said.
The SEC noted, “The firm
presented its proposal for
emergency use authorisation
of its Covid-19 mRNA vaccine,
BNT162b, before the commit-
tee. The committee noted that
incidents of palsy, anaphylaxis,
and other serious adverse
events (SAEs) have been
reported during post market-
ing, and the causality of the
events with the vaccine is being
investigated. Further, the firm
has not proposed any plan to
generate safety and immuno-
genicity data in Indian popula-
tion. After detailed delibera-
tions, the committee has not
recommended for grant of per-
mission for emergency use in
the country at this stage.”
Earlier, the firm had missed
appearing before the SEC
thrice, blaming a short notice
and time-zone difference for it.
The source added that
Pfizer had also indicated there
were no plans to manufacture
the vaccine in India. “Pfizer's
shipments have been falling
globally, and the firm may have
decided to focus on these geog-
raphies for the moment and
increase production. To get
approval in India, it would not
only have to come back with
data on facial palsy cases, but
also with the clinical trial pro-
tocol for the bridge trial," said
the source. While it has with-
drawn the application, the firm
said it remained committed to
making the vaccine available
for use in India. Pfizer did not
wish to comment on when it
can re-apply for approval.
CRR cut...
The RBI bank also deferred the
implementation of the last
tranche of the capital conser-
vation buffer (CCB) of 0.625 per
cent to let banks enjoy more
capital. Banks can now use the
funds raised through on-tap
targeted long-term repo oper-
ations (TLTRO) to lend to non-
banking financial companies
(NBFC), increasing their liquid-
ity. But the CRR normalisation
was interpreted as a hike, par-
ticularly when the central bank
was already normalising its
liquidity operations by resum-
ing variable rate reverse repo.
Upset RBI devolves auction
The bond market reacted to the
normalisation of the CRR
rather adversely. Bond yields
jumped 6 basis points, and
dealers wanted higher yields at
the ~31,000 crore auctions
scheduled after the policy. An
irate RBI refused to sell any
bond, including the bench-
mark 10-year and 5-year bonds,
and the primary dealers, or the
underwriters of the bonds had
to buy most of those.
Seeing a non-flinching RBI,
the bond yields cooled down
rapidly, and the benchmark 10-
year closed at 6.07 per cent, flat
from its previous close. Senior
economists say the reason for
the central bank’s displeasure
was clear. “Tapping into
domestic savers for govern-
ment bonds is probably ten-
times bigger than inclusion in
a global bond index. Because
domestic savers never cause
external crisis and is a very
stable, potentially inexhaust-
ible, source of funds for the
government,” said a senior
economist who is consulted by
the RBI on various matters.
Besides, by letting compensa-
tion of HTM category run by
one more year, the RBI has
potentially opened up another
~4 trillion of space for banks to
invest in bonds, the economist
said. “The CRR was reversible,
and in all likelihood would be
replaced by even more open
market operations than last
year’s Rs 3 trillion. There have
been many other subtler
liquidity measures, such as let-
ting the marginal standing
facility extension for one more
year which can be counted in
the liquidity coverage ratio, let-
ting fresh MSME lending cal-
culation out of the CRR calcu-
lation…the market should not
have panicked,” said the econ-
omist.
This way, the RBI addressed
next year’s ~12 trillion borrow-
ing plan even before the year
started, experts said. “This RBI
is not going to blink, but at the
same time, it wants to run in
sync with the market towards
a common cause, and not
against it. The yield tolerance
has definitely not increased,
and is probably still at around
6 per cent like last year,”
another economist said
requesting anonymity.
Growth-inflation
For now, the MPC’s focus is on
reviving growth. The decision
on rates and stance was unan-
imous, the governor said.
Given that inflation has
returned within the tolerance
band, “the MPC judged that the
need of the hour is to continue
to support growth, assuage the
impact of Covid-19 and return
the economy to a higher
growth trajectory,” he said.
The RBI projected real gross
domestic product (GDP)
growth at 10.5 per cent in 2021-
22 – in the range of 26.2 to 8.3
per cent in the first half and 6
per cent in the third quarter.
Inflation was projected at 5.2
per cent for the fourth quarter
of 2020-21, 5.2-5 per cent in the
first half of 2021-22 and 4.3 per
Regd. Office : 252, Mettupalayam Road, Coimbatore – 641 043
Phone : 0422-2435555, E-mail:shares@shivatex.co.in
cent for the third quarter of
Website: www.shivatex.in CIN: L65921TZ1980PLC000945
2021-22, “with risks broadly bal- EXTRACT OF THE UNAUDITED FINANCIAL RESULTS FOR THE
anced.” “The RBI’s upbeat QUARTER/NINE MONTHS ENDED 31.12.2020
views on the economy along (Rs.in lakhs Except earnings per share data)
with sustained cost-push pres-
sures on inflation fortifies our Quarter Ended Nine months Ended
Sl.
stance of no rate cuts in the Particulars 31.12.2020 31.12.2019 31.12.2020 31.12.2019
No.
foreseeable future, notwith- (Unaudited) (Unaudited) (Unaudited) (Unaudited)
standing sustenance of an 1 Total Income from operations 9,935.76 9,829.12 23,440.70 27,889.14
accommodative stance,” said 2 Net Profit/(Loss) for the period before Tax,
Tirthankar Patnaik, chief econ-
Exceptional and/or Extraordinary items 694.88 10.55 1,079.80 154.25
omist of NSE.
In a rare departure, the RBI 3 Net Profit/(Loss) for the period before Tax
governor also indirectly told (after Exceptional and/or Extraordinary items) 694.88 10.55 1,079.80 154.25
the state and the central gov- 4 Net Profit/(Loss) for the period after Tax
ernment to keep prices, espe- (after Exceptional and/or Extraordinary items) 552.72 12.46 857.67 182.19
cially that of fuel, into check.
The government would be 5 Total Comprehensive Income for the period
reviewing the inflation target (Comprising Profit/ (Loss) for the period (after Tax)
mandate of the RBI in March and other Comprehensive Income (after Tax) 567.20 16.84 885.56 188.89
this year, the central bank said. 6 Equity Share Capital 1,296.27 1,296.27 1,296.27 1,296.27
The RBI said it will have a
comprehensive review of the
7 Earnings per Share (of Rs.10 each) (for
microfinance sector. According
continuing and discontinued operations)
to Chandra Shekhar Ghosh, i) Basic 4.26 0.10 6.62 1.41
managing director and CEO of
Bandhan Bank, it was more
ii) Diluted 4.26 0.10 6.62 1.41
Notes :
than a decade that the 1) The above is an extract of the detailed format of the Un-Audited Financial Results for the Quarter/Nine
Malegam panel reviewed the
months ended 31.12.2020 filed with stock Exchanges under Regulation 33 of SEBI (Listing
framework for MFIs. Since, the
Obligations And Disclosure Requirements) Regulations, 2015. The full format of the quarterly
sector has grown substantially.
financial results are available on the Stock Exchange websites www.bseindia.com,
Therefore, a comprehensive
review of the sector will cer-
www.nseindia.com and Company’s website www.shivatex.in.
tainly be a timely,” Ghosh said. For SHIVA TEXYARN LIMITED
S K SUNDARARAMAN
Coimbatore Managing Director
Big reforms... 05.02.2021 DIN 00002691
“Allowing retail participation
in the G-Sec market is a bold
NOTICE
step towards the financialisa-
tion of a vast pool of domestic
savings and could be a game-
changer,” said State Bank of
India chairman Dinesh Khara. NOTICE is hereby given that DSP Trustee Private Limited, the Trustee to DSP Mutual Fund (‘Fund’), has vide Resolution dated
“This is a big reform in our February 05, 2021, declared dividend in the dividend option of below mentioned schemes of the Fund, the particulars of which are
view, but the uptake may only as under:
be gradual,” said Pranjul
Bhandari, chief India econ- Record Date: February 11, 2021
omist of HSBC.
The move to allow invest-
Quantum of Dividend per Face Value per Unit NAV as on February 04,
Scheme(s)/Plans/Options
ment through the portal ‘Retail unit (Rs.) (Rs.) 2021 (Rs.)
Direct’ was a “path breaking DSP India T.I.G.E.R. Fund (The
reform”, said Indian Banks’ Infrastructure Growth and Economic
Association (IBA) chairman 1.59 10.000 15.858
Reforms Fund)– Regular Plan – Dividend
and Union Bank of India MD Option
and CEO Rajkiran Rai G.
“However, the retail customers DSP India T.I.G.E.R. Fund (The
need to be educated on the Infrastructure Growth and Economic
2.80 10.000 28.036
nuances of the government Reforms Fund)– Direct Plan – Dividend
securities market. For this
more awareness is to be
Option
DSP Small Cap Fund – Regular Plan –
created,” Rai said. 3.53 10.000 35.307
The RBI will soon release
Dividend Option
the modalities of how retail DSP Small Cap Fund – Direct Plan –
3.73 10.000 37.317
investors can directly partici- Dividend Option
pate in the primary and second-
ary market trades through RBI’s Distribution of the above dividend is subject to the availability and adequacy of distributable surplus.
e-Kuber system. So far, retail Pursuant to payment of dividend, the NAV of the Dividend Options under Regular and Direct plan of the aforesaid
participation was done through schemes of the Fund would fall to the extent of payout and statutory levy, if any.
banks or gilt funds. The
response was tepid, but the ease
of investment now can elimi-
Dividend will be paid to all those Unit Holders / Beneficial Owners, in the Dividend Option (s) of Regular and Direct plan of the
nate the need for investing in a aforesaid schemes of the Fund, whose names appear in the records of the Registrar and Transfer Agent, Computer Age Management
plethora of products, experts Services Limited / statement of Beneficiary Owners maintained by the Depositories as on the Record Date. The payout shall be
said. Money can move from all subject to tax deducted at source (TDS) as applicable.
sorts of assets, including from
real estate, where the rental
yields are just 1-2 per cent in
Unit holders are advised to update any change of address / bank details, if any, with depository participant(s) in advance of the Record
Date.
India. Bonds issued by the sov- Any queries/clarifications in this regard may be addressed to:
ereign are the safest, which also DSP Investment Managers Private Limited (“AMC”),
can offer returns of 6 per cent CIN: U74140MH1996PTC099483,
and more and can substitute
Investment Manager for DSP Mutual Fund, Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021
the need for saving in bank
fixed deposits and fixed income
Tel. No.: 91-22 66578000, Fax No.: 91-22 66578181, Toll Free No: 1800 200 4499, www.dspim.com
mutual funds products. In case
of short-term funds, govern- Investors/unit holders are requested to update their email address and mobile number with the AMC.
ment treasury bills can give
more return than banks. Place: Mumbai
The governor tried to allay Date: February 05, 2021
fears of a substitution effect on
bank deposits and mutual fund Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
products.
14 NEW DELHI | 6 FEBRUARY 2021 1

JAIN MARMO INDUSTRIES LIMITED

Regd Off. 47/10, Kiranpath Mansarover, Jaipur Rajasthan-302020
Work Office: N:H-8, Sukher, Opp. Diamond Petrol Pump, Udaipur-313001 (Raj.)
TEL:-0294-2441666, 2441777. EMAIL :- jainmarmo_udr@yahoo.com
CIN:- L14101RJ1981PLC002419, WEBSITE:- www.jainmarmo.com
NOTICE
Notice is hereby given pursuant to Regulation 29 and other applicable provisions of the SEBI
(Listing Obligation and Disclosure requirements) Regulation 2015, that the meeting of the Board
of Directors of the Company scheduled to be held on Saturday, 13thFebruary, 2021 at the Work
SARDA PAPERS LIMITED
CIN: L5110MH1991PLC061164
LOST & FOUND O KOTAK MAHINDRA BANK LTD.
Registered Office: 27-BKC, C-27, G-Block, Bandra Kurta Complex, Bandra (E), Mumbai- 400 051
1 ( 0 / H P C O T T O N
m\ * t TEXTILE MILLS LTD
office of the Company situated at N.H. 8, Sukher, Udaipur-Rajasthan 313001 inter alia to consider Regd. Office & Works: Plot No. A/70, We, M / S O m Infratech Private Limited having registered Branch Office: Kotak Mahindra Bank Limited 12nd Floor, North West Avenue Road,
H.P. Cotton Textile Mills Ltd.
and take on records the Un-audited Financial Results of the company for the Quarter ended 31st Sector-4, Club Road, Punjabi Bagh, New Delhi-110026
MIDC, Sinnar, Dist. Nashik - 422103 office at O m Tower, Church Road, M. I. Road, Jaipur FORM IV [Rule 8(1)] Regd Off: 15" K.M. Stone, Delhi Road,
December, 2020. This information is also available on the website of the company at
(Maharashtra) POSSESSION NOTICE (For Immovable Property) VPOMayar.Hisar-125044
www.jainmarmo.com and on the website of BSE ltd at www.bseindia.com 302001 the owner of the office premises Unit No. 5 0 6 , 5 t h Whereas, the undersigned being the Authorized Officer of the Kotak Mahindra Bank Ltd. Phone: +91 (0)11 41540471
By order of the board for Jain Marmo Industies Ltd. NOTICE
PLACE:-Udaipur
SD/-, Sidharth Jain Pursuant to Regulation 29 read with
Floor of The Courtyard, DLF, Saket , N e w Delhi under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Fax: +91 (0)11 49073410
Interest Act, 2002 (54 of2002) and in exercise of powers conferred under section 13(12) read CIN: L18101HR1981PLC012274
Date: 05 02 2021
. . Managing Director, DIN 01275806 Regulation 47 of the Securities and measuring 1150 sq. feet have lost original o f Space Website:www.hpth reads.com
NOTICE
with rule 3 of the Security interest (Enforcement) Rules, 2002 issued demand notice dated
Exchange Board of India (Listing Buyer Agreement executed between M/s DLF Universal November 19th, 2929 calling upon the borrower M/s Mauria Udyog Ltd & Otherstorepay
Obligations and Disclosure Requirements) Limited and previous owner Mr. Samir Arora R/o 228, the amount mentioned in the notice being Rs 14,09,79,731.71 (Rupees Fourteen crore Nine Notice is hereby given that, in terms of
Regulations, 2015, Notice is hereby given Okhla Industrial Estate, Phase-Ill, New Delhi-110020 in lakhs seventy nine thousand seven hundred thirty one and seventy one Paisa only) as Regulation 29 read with regulation 47 of
4>l4lcl4 Ullcl4> R 3 R I , R c l R i g ? (S.3I.)
that a Meeting of the Board of Directors of on 19.11.2020 and interest thereon along with future interest at the contractual rate from SEBI (Listing Obligations and Disclosure
^-Plfa«4l ftslfcl (<j<il<i Pifa51) the year 2008. W e have applied to M/s DLF Universal 20.11.2020 till payment and/or realization, within 60 days from the date of receipt of the said Requirements) Regulations, 2015, a
the Company will be held on Friday, meeting of the Board of Directors of the
W.113/Tin.,Pr./afluHl/2020-21 ftclRlJ* 04/02/2021 February 12,2021, at Thane, irrteralia, to
Limited for certified copy. A n y o n e having found this notice.
Company is scheduled to be held on
please notify to us on Email ID info@ommetals.com or The borrower having failedtorepay the amount, notice is hereby given to the bomower and/or Saturday, the 13th day of February, 2021
t{«£)*j>d MUII<S1 aicMd q*i)*j>d d ^ x t i x t T l Pi+rileifod consider and take on record the Unaudited mortgagor and the public in general that the undersigned has taken possession of the property through Video Conferencing, inter-alia,
Financial Results of the Company for the call 01145960000 and return to us. described herein below in exercise of powers conferred on him/her under sub-section (4) of to consider and approve the Un-audited
31 Moiled (Online) Pifidi 3ti»iRid4?l>5ntfl%:-
Quarter Ended December31,2020. section 13 of the Actreadwith rule 8 of the Security interest (Enforcement) Rules, 2002 on this Financial Results of the Company for the
JS. ftiwt IIIH*H Pift*ti die-idle/ This Notice is also available on the website the day of01.02.2021. Quarter and nine months ended December
vnf Ttftston Ylftl u.Picrox-lsi) The borrower in particular and the public in general is hereby cautioned not to deal with the 31,2020.
of the Company at www.sardapapers.com
(cne^.ff) siPmftfa property and any dealings with the property will be subject to the charge of the Kotak Mahindra The said information is also available
and on the website of the Stock Exchange,
1. 71313 tsfPiw 01, 06 07 (4Pt—t vstptf Bank Ltd.toran amount of being Rs 14,09,79,731.71 (Rupees Fourteen crore Nine lakhs on the website of Company i.e.
XIV 06 -HI 4>«fl*W Ptuiui 4)|<i|
105.18 16/02/2021 BSE Limited at www.bseindia.com
PRAKASH STEELAGE LIMITED seventy nine thousand seven hundred thirty one and seventy one Paisa only) and www.hpthreads.com as well as website of
For SARDA PAPERS LIMITED interest thereon. Stock Exchange i.e. www.bseindia.com.
vtMlidd atpiftftptftril dlHI-U YTtf, U+V+ Ylftl,ftv^rtftftrilftafcl. Pi 14*11 Sd/- CIN: L27109MH1991PLC061595
The borrower's and/or mortgagor's attention is invited to provisions of sub-section (8) of By order of the Board
q«u3ui tjd 3 r t vtM4>if) nlcei https://eproc.cgstate.gov.in v) Manish D Ladage Regd. Office: 101,1 s 1 Floor, Shatrunjay Apartment, 28, for H.R Cotton Textile Mills Ltd.
section 13 of the Act, inrespectof the time available,toredeemthe secured assets.
Shubham Jain
fcriai 0 6 / 0 2 / 2 0 2 1 •HlUJilot aaAnan, aflnfen Place: Mumbai DIRECTOR Sindhi Lane, Nanubhai Desai Road, Mumbai - 400 004
Description of the Immovable Property: New Delhi Company Secretary &
Date: 05/02/2021 DIN: 00082178 Email: cs@prakashsteelage.com Website:www.prakashsteelage.com
Green City, Clean City, Dream City. I •q.TT.Pr., ftdldjjV (1531.) I
Tel. No.: 022 66134500 Fax No.: 022 66134599
All that piece and parcel of property admeasuring 70509.60 Sq. yds. or 14.568 acres or 68
5.02.2021 Compliance Officer
Bigha 19 Biswa (69 Bigha 19 Biswas minus 1 Bigha in Khasra no. 80// 20 acquired) bearing
NOTICE Mustatil No. 73 Killa no. 25 (0-01), Mustatil No. 74 Killa No. 21 (4-06), 22/1 (0-16), 22/2/2 (0-
PUBLIC NOTICE FOR AUCTION CUM SALE (APPENDIX - IV A) (Rule 8(6))
Notice is hereby given that, pursuant to Regulation 29 and 33 read with Regulation 05), Mustatil No. 80 Killa No. 1 (4-16), 2/1 (0-16), 2/2min (0-05), 9/1/1 (0-05), 9/2 (0-16), 10(4- Ortel Communications Limited (under CIRP)
Pursuant to taking possession of the secured asset mentioned hereunder by the Authorized Officer of IIFL Home Finance Limited (Formerly known as
India Infoline Housing Finance Ltd.) (IIFL HFL) under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest 47(1 )(a) of the Securities and Exchange Board of India (Listing Obligations and 16),11 (4-16),12/1 (0-16), 19/2 (0-16), 20 (3-16), 21min (3-12), 22/1 min (0-12) Mustatil No. 81 CIN: L74899DL1995PLC069353
Act, 2002 for the recovery of amount due from borrower/s, offers are invited by the undersigned in sealed covers for purchase of immovable property, as Disclosure Requirements) Regulations, 2015, the meeting of the Board of Directors Killa no. 5 (2-03), 6 (5-05), 14 (34)9), 15 (4-16), 16 (4-16), 17 (4-16), 18 (1-14), 23min (3-6), Regd. Office: B7/122A, Safdarjung Enclave,
described hereunder, which is in the possession, on "AS IS WHERE IS", "AS IS WHAT IS" and "WHATEVER THERE IS" BASIS particulars of which are 24min (3-12) and 25 min (3-12) situated in the revenue estate of Village Jhatikara, Tehsil New Delhi-110029
given below:- of the Company is scheduled to be held on Friday, the 1 2 " day of February, 2021 at
Kapashera, Najafgarh, Distt. South West, New Delhi-110043 Corporate Office: C-1, Chandrasekharpur,
Borrower(s)/Borrower(s)/ Demand Notice Date of Physical Description of the Immovable property/ Secured Asset the Registered Office of the Company, interalia, to consider, approve and to take on
Bounded as under: East : Agriculture Land of others, West : Agriculture Land ofothers Behind RMRC, Near BDA Colony
Guarantor(s) Date and Amount Possession record the Unaudited Financial Results of the Company forthe quarter and nine Bhubaneswar, 0disha-751016
13-Jan-2021 All that piece and parcel of the property bearing Flat No.G-104 MIG, Rear
12-Apr-2018 North: Agriculture Land ofothers, South: Road
1)Mr. Sanjay Kumar Total Outstanding RHS, Ground Floor, Plot No.II-A/13, Ground Floor without roof, Vaishali, months ended 31 a December, 2020. E-mail: bidu.dash@ortelgroup.com
Rs.24,64,304/- as on On 01-Feb-2021 Ghaziabad, Uttar Pradesh - 110092 (Area measuring 54.89 sq.mts.)
Name of the Mortgagor: M/s strawberry Star India Pvt Ltd
Website: www.ortelcom.com
2)Mrs. Archana Kuamri (Rupees Twenty Four The above i n f o r m a t i o n is available on the w e b s i t e of t h e C o m p a n y
Rs. 25,48,547/- (Rupees Date: 01/02/2021 Authorized Officer Tel.: 0674-7107200, Fax: 0674-2303448
(Prospect N o . 7 2 3 0 8 9 ) Lakh Sixty Four
Twenty Five Lakh Forty Eight Reserve Price(Rs.) Earnest Money Deposit (EMD) (www.prakashsteelage.com) and also on the website of National Stock Exchange of Place: Delhi. (Kotak Mahindra Bank Ltd.) NOTICE
Thousand Three Thousand Five Hundred and Rs.26,00,000/- Rs.2,60,000/- India Limited (www.nseindia.oom) and BSE Limited (www.bseindia.com). Lalit Rankawat-Associate Vice President NOTICE is hereby given that pursuant to the
Hundred and Four Only)Forty Seven Only) (Rupees Twenty Six Lakh Only) | (Rupees Two Lakh Sixty Thousand Only) lalit.rankawat@kotak.com provisions of Regulation 29 read with Regulation 47
For PrakashSteelage Limited
Date of Inspection of EMD Last Date Date/ Time of Auction Concerned Branch:- IIFL Home Finance Ltd., Office No 1, First Floor, 011-41411425 of SEBI (Listing Obligations and Disclosure
Property 05-Mar-2021 09-Mar-2021 12-Mar-2021 Mahaluxmi Metro Tower, Plot No. C -1,Sector - 4, Vaishali, Ghaziabad, Uttar Requirements) Regulations, 2015, a meeting of
1100 hrs-1400 hrs till 5 pm. 1100 hrs-1300 hrs | Pradesh - 201010 (Contact Person: Jay Nair @ 9910999001) PrakashC. Kanugo Resolution Professional of the Company is
1.Date of inspection of the immovable property is 05-Mar-2021 between 1100 hrs - 1400 hrs. Place: Mumbai Chairman & Managing Director scheduled to be held on Friday, 12t" February 2021,
2.Last date of submission of sealed offers in the prescribed tender forms along with EMD is 09-Mar-2021 till 5 pm at the branch office address. FORMA interalia, to consider, approve and take on record,
3.Date of opening of the offers for the Property is 12-Mar-2021 at the above mentioned branch office address at 1100 hrs - 1300 hrs the tender will be Date: 05.02.2021 DIN: 00286366
PUBLIC ANNOUNCEMENT the unaudited financial results (Standalone &
opened in the presence of the Authorized Officer. (Under Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process Consolidated) of the Companyforthe quarter and
4.Further interest will be charged as applicable, as per the Loan Agreement on the amount outstanding in the notice and incidental expenses, costs, etc., is due nine months ended December 31,2020 along with
for Corporate Pereons) Regulations, 2016)
and payable till its realization. otheragenda items.
FOR THE ATTENTION OF THE CREDITORS OF DELTRONIX INDIA LIMITED
5.The notice is hereby given to the Borrower and Guarantor, to remain present personally at the time of sale and they can bring the intending buyers/purchasers
for purchasing the immovable property as described herein above, as per the particulars of Terms and Conditions of Sale.
FORM B RELEVANT PAR ICULARS The information contained in this notice is available
6.The Borrower(s)/Guarantor(s) are hereby given 30 DAYS SALE NOTICE UNDER THE SARFAESI ACT, 2002 to pay the sum mentioned as above before the PUBLIC ANNOUNCEMENT 1. Name of Corporate Debtor DELTRONIX INDIA LIMITED on the Company's website www.ortelcom.com and
also on the websites of the stock exchanges i.e.
date of Auction failing which the immovable property will be auctioned and balance, if any, will be recovered with interest and costs. If the Borrower pays the 2. Date of incorporation of Corporate Debtor 26/07/1984
(Regulation 12 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016) National Stock Exchange of India Limited at
amount due to IIFL Home Finance Limited in full before the date of sale, auction is liable to be stopped. 3. Authority under which Corporate Debtor is Registrar of Companies-Delhi
7.The EMD shall be payable through DD in favour of " IIFL Home Finance Limited." (IIFL HFL) payable at GURUGRAM and shall be submitted at the concerned FOR THE ATTENTION OF THE STAKEHOLDERS OF incorporated / registered www.nseindia.com and BSE Limited at
branch/Corporate Office.
8.For further queries and the detail terms and conditions of the auction sale are incorporated in the prescribed tender form, Tender forms are available at the
JMD OILS PRIVATE LIMITED 4. Corporate Identification No. of Corporate Debtor U51909DL1984PLC018787 www.bseindia.com.
For Ortel Communications Ltd (under CIRP)
S.Ho Particulars Details 5. Address of the registered office and principal Registered crffice:A-323, Sarita Vihar New
above branch office or also you can refer www.iifl.com or contact abovementioned authorized officer. office (if any) of corporate debtor Delhi-110044 Date: OS February 2021 Sd/-
9.The immovable property will be sold to the highest bidder. However, the undersigned reserves the absolute discretion to allow inter se bidding, if deemed 1. Name of Corporate Debtor JMD Oils Private Limited Place: Bhubaneswar CFO & Company Secretary
Other Address: E-3, Sector-59, Noida-
necessary. Date of Incorporation of Corporate Debtor 23rd March 1995 Issued with the approval of Mr.Srigopal Choudhary
201301, Uttar Pradesh, India
10.Tenders that are not filled up or tenders received beyond last date will be considered as invalid tender and shall accordingly be rejected. No interest shall be 3. Authority under which corporate debtor is ("RP"), Registration No.lBBI/IPA-001/IP-
Registrar of Companies - Delhi B. Insolvency commencement date in respect of 03/02/2021
paid on the EMD. incorporated/ registered P01238/2018-2019/11893.
11.Company is not responsible for any liabilities upon the property which is not in the knowledge of the company. Corporate Debtor
For further details, contact Mr.Vijay Kumar @ 9811562664, Email:-vijay.kumar15@iifl.com, Corporate Office: Plot No. 98, Phase-IV, Udyog Vihar, Gurugram,
T Corporate identity number / limited liability U74899DL1995PTC066690 7. Estimated date of closure of insolvency 02/08/2021 i.e. 180 days from the date of (Ortel Communications Limited is under Corporate
identification number of corpbrate debtor resolution process commencement of CIRP being 03.02.2021 Insolvency Resolution Process of the Insolvency
Haryana-122015
. Place: Ghaziabad Date: 06-02-2021 Sd/- Authorised Officer For IIFL Home Finance Ltd. (IIFL HFL) and Bankruptcy Code 2016. Its affairs, business and
IT Address of the registered office and principal Registered office: 5/24 Ramesh Nagar B. Name and registration number of the insolvency Santosh Sharma
assets are being managed by the Resolution
office (if any) of corporate debtor professional acting as interim resolution Reg. No. IBBI/IPA-002/IP-N00898/2019 -

APM INDUSTRIES LIMITED

New Delhi-110015 Professional, Mr. Srigopal Choudhary, appointed by
professional 2020/12842 the National Company Law Tribunal by order dated
6. Date of closure of insolvency resolution 02nd February, 2021 9. Address and e-mail of the interim resolution Address: do Rajrani Sharma 6/129, Near 01" February, 2019 under the provisions of the Code)
process professional, as registered with the Board Prakash Dairy, Lodhi Mohalla, Shahdara,
Corporate Office: 910, ChiranjivTower-43, Nehru Place, New Delhi -110019 7. Liquidation commencement date of
03rd February, 2021
New Delhi, National Capital Territory oi
E-mail: csapmindustriesltd@gmail.com, Website: www.apmindustries.co.in Corporate Debtor Delhi, 110032 DB (INTERNATIONAL)
STOCK BROKERS LTD.
E-mail: sci.santoshsharma@gmail.com
CIN No. L21015RJ1973PLC015819, Phone No. 011 -26441015-18 8. Name and Registration Number of the Ms. Shalu Khanna, Regn.No:IBBI/IPA-001/IP- 10. Addrass and e-mail to be used for Address: Unit No. 110, First Floor, JMD
Insolvency Professional Acting as Liquidator P00917/2017-2018/11523
correspondence with the interim resolution Pacific Square, Sector 15, Part II, Gurugram, CIN: L67120HR1992PLC035349
EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND 9. Addrass and Email of the Liquidator as Add.: A-16/9, Vasant Vihar, New Delhi-110057, professional Haryana-122001 Regd Office: 70, Housing Boad Colony (Old)
NINE MONTHS ENDED DECEMBER 31, 2020 registered with the Board India, Email: SKHANNA@LLCA.NET E-mail:cirp.deltronix@gmail.com
Near Mini Secretariat Rewarl
11. Last datetorsubmission of claims 17/02/2021 i.e. 14 days from the date of
(Rs. In lakhs except EPS) 10. Address and Email to be used for Ms. Shalu Khanna
Haryana-123401. Tel No: 011-43606162
correspondence with the Liquidator Liquidator of JMD OILS PRIVATE LIMITED commencement of CIRP being 03.02.2021.
Quarter Ended Nine Months Ended Year Ended 12. Classes of creditors, if any, under clause (b) No class of Creditor could be determined at Email id: compliance@dbonline.in
Luthra & Luthra Restructuring And
of sub-section (6A) of section 21, ascertained this stage
Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 Insolvency Advisors LLP, LGF, A-16/9, NOTICE
by the interim resolution professional
Unaudited Unaudited Unaudited Unaudited Unaudited Audited Vasant Vihar, New Delhi-110 057, India, 13. Names of Insolvency Professionals identified NotApplicable Notice is hereby given that pursuant
Total Revenue from operations 7,402 7,044 26,829 to act as Authorised Representative of creditors
6,708 16,675 21,448 to Regulation 2 9 and 47 of the SEBI
Email for submission of claims: in a class (Three namesfereach class)
Net Profit / (Loss)forthe period (before Tax 456 208 306 305 547 714 JMD.CLAIMS@LLCA.NET 14. (a) Relevant Forms and Web link: (LODR) Regulations, 2015, Board
and Exceptional items) https://www.ibbi.gov.in/home/downloads Meeting (BM-4) of the Company is
Email for all other correspondences: (b) Details of authorized representatives Physical Address:Unit No. 110, First Floor, scheduled to be held on Friday,
Net Profit / (Loss)forthe period before tax 456 208 306 305 547 714
(except for submission of claims): are available at: JMD Pacific Square, Sector 15, Part II,
(after Exceptional items) Gurugram, Haryana-122001 12th February, 2021 at 03:00 P.M.
JMD.LIQ@LLCA.NET
Net Profit / (Loss)forthe period after tax 316 151 218 204 648 717 Notice is hereby given that the National Company Law Tribunal has ordered the commencement of a at its office situated at 114, New Delhi
and Exceptional items
Tk Last datetorsubmission of claims 05th March, 2021 corporate insolvency resolution process of the Deltronix India Limited on 03/02/2021. House, 2 7 , Barakhamba Road,
Notice is hereby given that the National Company Law Tribunal, Principal Bench, New Delhi has The creditors of Deltronix India Limited, are hereby called upon to submit their claims with proof on or N e w D e l h i - 1 1 0 0 0 1 to c o n s i d e r
Total Comprehensive Income for the period 312 148 224 194 665 704 before 17/02/2021 to the interim resolution professional at the address mentioned against entry No. 10.
ordered the commencement of liquidation of the JMD Oils Private Limited on 03rd February,
[Comprising Profit / (Loss)forthe period
2021. The financial creditors shall submit their claims with proof by electronic means only. All other creditors inter-alia Unaudited Standalone and
(after tax) and Other Comprehensive may submit the claims with proofin person, by post or by electronic means. Consolidated Financial Statements
The stakeholders of JMD Oils Private Limited are hereby called upon to submit their claims or
Income (after tax)] A financial creditor belonging to a class,as listed against the entry No. 12, shall indicate its choice of for T h i r d Q u a r t e r ( Q - 3 ) e n d e d
update their claim with proof on or before 05th March, 2021, to the liquidator at the address
authorised representative from among the three insolvency professionals listed against entry No. 13 to
Equity Share Capital 432 432 432 432 432 432 mentioned against item No. 10 mentioned above. 31st December, 2 0 2 0 and other
act as authorised representative of the class [specify class] in Form CA. NotApplicable
The financial creditors shall submit their claims with proof by electronic means only. All other Submission of false ormisleading proofs of claim shall attract penalties. matters as decided by the board.
Earnings Per Share of Rs. 2/- each creditors may submit the claims with the proof in person, by post or by electronic means. The submission of proof of claims should be made in accordance with Chapter IV of the Insolvency and The said notice may be accessed
1. Basic (Rs.) 1.46 0.70 1.01 0.94 3.00 3.32 The claim may be submitted in their specified forms. FORM C - Proof of claim by operational Bankruptcy Board of India (Insolvency Resolution ProcesstorCorporate Persons) Regulations, 2016.
2. Diluted (Rs.) 1.46 0.70 1.01 0.94 3.00 3.32 creditors except Workmen and Employees; FORM D - Proof of claim by financial creditors; FORM The proof of claims is to be submitted byway of following specified forms: on t h e c o m p a n y ' s w e b s i t e a t
E - Proof of claim by a Workman or an Employee; FORM F- Proof of claim by authorised Form Bforclaims by Operational Creditors except Workmen and Employees; www.dbonline.in and also on N S E
Notes
representative of Workmen or Employees; FORM G - Proof of claim by any other stakeholder. Form Ctorclaims by Financial Creditors; and BSE website.
1 The above unaudited financial results were, subjected to limited review by the Statutory Auditors of the Company, reviewed by These forms may be downloaded from the portal of IBBI i.e. https://ibbi.gov.in or from portal of Form Dtorclaims by workmen and Employees;
the Audit Committee and approved and taken on records by the Board of Directors at its Meeting held on February05,2021. Form Eforclaims by Authorized Representatives of Workmen and Employees By order of the Board
Liquidator i.e. http://www.llcairp.com
2. The above is an extract of the detailed format of unaudited financial results for the quarter and nine months ended December Form F for claims by Creditors other than Financial Creditors and Operational Creditore. For DB (International) Stock Brokers Ltd.
Submission of false or misleading proof of claims shall attract penalties.
31, 2020, filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) OAL Sd /- Sd /-
Regulations, 2015. The full format of the unaudited financial results forthe quarter and nine months ended December 31,2020 Santosh Sharma
Date: 05.02.2021 Shalu Khanna Date: 05.02.2021 Shiv Narayan Daga
Date: 04.02.2021 Interim Resolution Professional
along with review report of the Statutory Auditors is available under the investor section of our website at Place: New Delhi Managing Director
Place: New Delhi Liquidator Place: Gurugram Reg. No. IBBI/IPA-002/IP-N00898/2019 -2020/12842
www.apmindustries.co.in and on the website of the stock exchange i.e. www.bseindia.com.
For APM Industries Limited
Place : New Delhi r k Rajgarhia •qr/ShvB,...dm Union Bank 17, G o k u l Vihar, K a n t h R D . ,
POSSESSION NOTICE
Date : February 5 , 2 0 2 1 Chairman Moradabad,

Bank of India
Uttar Pradesh- 244001 (For I m m o v a b l e Property) (under Rule 8 (1))

Whereas, The undersigned being the authorised officer of the U N I O N B A N K O F INDIA under the Securitisation and Reconstruction o f

l Ghaziabad Zone
Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) and in exercise o f Powers conferred under section 13 (12)
read with rule 3 of t h e Security Interest ( E n f o r c e m e n t ) Rules, 2 0 0 2 issued a d e m a n d notice calling upon t h e

/K B a n k o f I n d i a B-32, Sector 62, Noida-201307 Phone: 0120-2404135

Borrowers/Guarantors/Mortgagor and also owner of the property/surety to repay the amount mentioned in the notice within 60 days from
the date of the said notice. The borrower having failed t o repay the amount, notice is hereby given to the Borrowers/ Guarantors and the
public in general that the undersigned has taken Symbolic possession of the property described herein below in exercise o f powers

Sale notice for sale of immovable properties. conferred on him/her under sub-section (4) of Section 13 of the A c t read with rule 8 of the Security Interest (Enforcement) Rules, 2002 o n

15 days sale notice for Subsequent sale under the provisions of Rule 8(6) read with proviso 1 to Rule 9 of Security
this mentioned t h e date. T h e borrowers/Guarantors in particular and t h e public in general is hereby cautioned not t o deal with t h e
property and any dealings with the property will be subject t o the charge of the U N I O N B A N K O F INDIA, PEETAL BASTI B R A N C H

Interest (Enforcement Rules), 2002 M O R A D A B A D for notice amount and interest thereon. T h e borrower's attention is invited to the provisions of Sub-section (8) of Section
13 of the Act, in respect of time available to redeem the secured assets.

APPENDIX- IV-A Name of the Description of Immovable Date of Outstanding

E-Auction Sale Notice for Sale of immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Borrower/Guarantor Property Demand Notice Amount
proviso to Rule 8(6) of the Security Interest (Enforcement) Rules, 2002. Borrower: Mr. Zafar Ali S/o Samshad Hussain All that part and parcel of residential house at LIG 1 3 . 0 6 . 2 0 1 8 Rs. 9,48,557/-
Notice is given to the Public in general and in particular to the borrower (s) and Guarantors (s) that the below described immovable properties mortgaged /charged to Bank of Add: Chakkar Ki Milak, Naer Ziya School, house No. A/359 2nd floor Jigar Colony opp Damdama a s o n 13.06.2018
India ,the constructive/Physical possession of which has been taken by the Authorized Officer of Bank of India , will be sold on" As is where is " " As is what is" and " Whatever Moradaad and Guarantor: Mr. Mohd. Mobin Canthi Moradabad standing in the name Mr. Zafar Ali,
Bounded: On the North by: LIG HN 356, On the Possession
Date of
+ interest &
there is " on 24.02.2021( Time 2 PM to 4 PM).
S/o Mohd Yaseen, Add: 135, Nai Basti,
South by: LIG HN No. 362, On the East by: Rasta other c h a r g e s
Moradabad, UP
The Last date for submission of EMD/Documents online is 23.02.2021. The Intended buyer shall get their names registered in the portal 7.50 Mt wide, On the West by: MIG H.No. 210. Please Treat Possession notice
https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp and submit EMD online to the Global EMD Wallet Dated 21.01.2021 Null and Void
Short description of the properties to be sold are given below: Amount to be recovered (secured debt) and particulars of possession are also mentioned in the table below. Borrower: Mrs Rajeev Bhatnagar S/o Chetan
Swaroop Add: H.No. C/1321 Ashiyana Colony,
All that part and parcel of residential house at C 1-321125.06.2018 R s . 4 , 1 8 , 3 7 2 . 5 0
at Ashiyana Colony, Phase-2 near RRK School,
Name of the Branch & Description & Owner of property Outstanding Amount (Secured debt) Reserve Price Date and Name and Mobile Phase II, Near RRK School, Moradabad, Moradabad measuring about 79.632 Sqm standing in •ate of
as on 21.01.2021

Name of Account / Date and Type of Possession EMD time of No. of Authorized Guarantor: Mrs Rakhi Bhatnagar W/o Rajeev the name Rajeev Bhatnagar S/o Chetan Swaroop, Possession + interest &

Borrower BID INCREASE e-auction officer /BM to whom Bhatnagar, H.No. C/1321 Ashiyana Colony, Bounded: On the North by: HN C1-302, On the South other c h a r g e s

AMOUNT bidder may contact Phase II, Near RRK School, Moradabad. by: Road, On t h e East by: By Road, On the West by:
Please Treat Possession notice
House No. C1-320. Dated 21.01.2021 Null and Void
i) Bank of India - All that part and parcel of the property bearing Plot No.-3, Rs.1,70,29,891.26/- + Intt. W.e.f. Rs 61.79 Lacs 24.02.2021 Mr. Sunder Singh Borrower: Mrs. Sudha Yadav W/o Ramesh All that part and parcel of residential house at M o h a l l a | 2 5 . 1 1 . 2 0 1 9 Rs. 5,31,068/-
Pratap Vihar Branch Part of Khasra No.411 Village Habibpur, Suthiyana, Gautam 30.04.2019 Rs. 6.18 lacs 2 PM to Mobile no- Chandra Yadav Add: residence Gyatri Nagar, Shankar Nagar Manpur Narayanpur Line par Dehat. I a s o n 25.11.2019
Account:- M/S Mangal Buddh Nagar admeasuring area 429.20 Sq. mtrs. in the name (Less amount if any deposited thereafter) Rs. 0. 62 lacs 4 P.M 9871267537 Line Par, Near Deepu Electronic Moradabad, Near SSM higher Secondary School Moradabad UP Date of
+ interest &
Infra Reality Pvt. Ltd. of Mrs. Anamika Chauhan w/o Sh. Gyanendra Chauhan Symbolic Possession dated 30.11.2019 UP- 244001 and Guarantor: Mr. Bhupendra Admesuring about 95.00 sq meter Gata No. 269/2M Possession
standing in the name Sudha yadav W/o Ramesh Chandra 1 0 4 . 0 2 . 2 0 2 1 other c h a r g e s
Sehgal S/o Narayan Das Sehgal Add: 52/a-1,
TERMS & CONDITIONS: Shakti Nagar, Line Par, UP. Bounded: On the North by: House Kusum W/o Naresh |

1. Auction sale /bidding would be only through " Online Bidding process " through the website https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp Rana, On the South by: HOuse of Balveer Singh, On the
Please Treat Possession notice
East by: Naala, On the West by: Kharanja 3.66m Wide. Dated 21.01.2021 Null and Void
2. Date and time of E-auction is 24.02.2021 (2.00 PM to 04.00 PM) with Auto-Extensions of 10 minutes each). The last date for submission of EMD is 23.02.2021. Borrower: Mr. Mohan Singh S/o Lokchandra All that part and parcel of residential house at Gata No. 125.11.2019 R s . 10,85,214/-
3. Auction would commence on the Reserve Price plus first incremental value as mentioned in bank's website. Bidders shall improve their offers in multiples/incremental Add: H.No. 215, Behind Loco Power House 537 Mohalla Bhogpur Mithauni urf shirikul Almaroof a s o n 25.11.2019
value mentioned in the above table for all the properties simultaneously .The property/ies shall not be sold below the Reserve Price plus first incremental value Near Railway Line Moradabad, Mortgagor: Chandranagar shahar Moradabad UP Admeasuring Date of
about 98 sq meter standing in the name Mrs Sneha Lata Possession
+ interest &
4. The intending bidders shall get their names registered in the portal https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp and submit EMD online
Mrs. Sneha Lata W/o Mohan Singh Add: H.No.
215, Behind Loco Power House Near Railway W/o Mohan Singh, Bounded: On the North by: Rasta 0 4 . 0 2 . 2 0 2 1 other c h a r g e s
to the Global EMD Wallet and thereupon they would be allowed to participate in the online auction through the said portal. Buyers shall submit their KYC documents, Line Moradabad And Guarantor: Mr. Edgar 4.25 meter wide, On the South by: Arazi Krishna Autar
phone number and email id to the website . Paul S/o Yuhanna Singh Add: Jayantipur Near rastaugi wali, On the East by: Plot Shailendra Autar
rastaugi Wali, On the East by: Plot Shailendra daft
5. The property shall be sold with all existing or future encumbrances (if any). The authorized Officer shall not be responsible for any third party rights /claims Shiv Mandir Moradabad, UP.
Kaushik etc., On the West by: Nala
Please Treat Possession notice
Dated 21.01.2021 Null and Void
or dues on the properties. Borrower: Mr. Rajkumar Munjal S/o Jeevan All that part and parcel of residential house at EWS No. 125.11.2019 Rs. 4,13,136/-
6. To the best of knowledge and information of the Authorized Officer, there is no encumbrance on the property. One SA filed by the borrower challenging the Nath add: 57, Shiv Vihar Colony, Sagar Sarai, 2/1330 situated at sector 2 budhi vihar Moradabad UP a s o n 25.11.2019
previous sale notice dated 16.12.20 is still pending before DRT Lucknow. However, the intending bidders should make their own independent inquiries regarding GMD Road, Moradabad UP, Mortgagor Mrs. admeasuring about constructed area dual story 30.15 Date of
+ interest &
Santa Munjal W/o Jeevan nath Munjal Add: sq meter standing in the name Shanta Munjal W/o Jeevan Possession
encumbrances/ title of properties, statutory liability /tax liability /arrears of property tax etc. The Properties can be viewed by login to the website https://ibapi.in . For 57, Shiv Vihar Colony, Sagar Sarai, GMD Road, nath munjal and Rajkumar munjal S/o Jeevan nath 0 4 . 0 2 . 2 0 2 1 other c h a r g e s

Physical Inspection of the property Authorized Officer can be contacted during working hours. Moradabad UP, Guarantor: Mr. Pradeep Kumar munjal, Bounded: On the North by: H.No. 2/1329, On
the South by: House No. 2/1331, On the East by: 21,
7. The successful bidder / purchaser would bear all taxes including TDS @ 1% of sale price payable on purchase of property (if sale price isRs.50 lacs/- &above) Gupta S/o Ram avatar Add: 2/459, Budhi Vihar
Colony, Moradabad, UP. 1317, On the West by: Rasta 6.00 meter Wide.
Please Treat Possession notice
Dated 21.01.2021 Null and Void
and the taxes payable to service provider for conducting online sale. Also the fees payable for execution of sale certificate such as stamp duty, registration fee, etc. shall Borrower: Mr. Jaiveer Singh S/o Popi Singh All that part and parcel of residential house No. E - 0 8 l 2 5 . 1 1 . 2 0 1 9 R s . 4,97,211/-
be borne by the successful bidder. House No. EWS E-08 Ashiyana Phase-I EWS ashiyana-l near Gupta Nurshing Home, Moradabad
a s o n 25.11.2019
8. The highest / successful bidder in respect of the property shall deposit 25% of the amount of bid/purchase money (less EMD deposited) immediately (on the Moradabad, UP- 244001, Guarantor: Mr. UP admeasuring about constructed area 40.0 sq meter
standing in the name Smt. Mamta Rani W/o Jaiver singh, Possession
•ate of
+ interest &
same day or not later than next working day)The balance 75% of the bid/purchase money shall be payable on or before 15 th day (during banking hours) of confirmation
Gambheer Singh S/o Popi Singh Villege
Sandlipur, Post: Kuchvali, Moradabad UP and Bounded: On the North by: Road 5.50 Meter Wide, On 0 4 . 0 2 . 2 0 2 1 other c h a r g e s
of the sale by the Authorized Officer or such extended period as agreed upon in writing by and solely at the discretion of the Authorized Officer. The sale consideration Mortgagor: Mrs. Mamta Rani W/o Jaiveer the South by: MDA Land, On the East by: EWS H.No.

also to be submitted online to the above mentioned website. Singh Add: House No. EWS E08 Ashiyana E-07, On the West by: EWS P. No. E-09.
Please Treat Possession notice
The intended bidders who wants to get registered with the website and to submit the EMD and require assistance in creating Login ID & Password, uploading data,
Phase-I, Moradabad, UP- 244001. Dated 21.01.2021 Null and Void
Borrower: Mr. Vijendra Singh S/o Late Chandra All that part and parcel of residential Address K h a s a r a | 2 5 . 1 1 . 2 0 1 9
submitting bid, training on e-bidding process etc., may contact the Nodal Bank Allahabad Bank at 18001025026 OR 011-41106131 & M/s MSTC Ltd at 09231690249
Rs. 2,74,305/-
Sen, Naya Goan Gali No. 5, Near Pawan Ki No. 120 Old RTO (Gautam Nagar) Near Diamond School a s o n 25.11.2019
OR 09911700233 and for any property related query may contact Authorized Officers at their respective phone numbers OR at Ghaziabad Zonal Office in 0120- Kothi, Moradabad, UP- 244001, Guarantor: Mr. Mauja Moradabad UP admeasuring about constructed Date of
+ interest &
2404135.Sale will be done by the Authorized Officers through e-auction platform provided in the website https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp Mukesh Kumar S/o Ramesh Chandra: House area 106.43 Sq meter standing in the name of Vijendra Possession
Singh S/o Late Chandra Sen, Bounded: On the North 1 0 4 . 0 2 . 2 0 2 1 other c h a r g e s
For detailed terms and conditions of the sale, please refer to the link provided in https://www.bankofindia.co.in
No. E-36, Deen dayal nagar, MDA Moradabad,
UP-244001. By: House of Vikram Singh, On the South by: Rasta 81
Date: 06. 02.2021 Authorized Officer Feet, On the East by: House of Balveer Singh, On the
Please Treat Possession notice
Place: Ghaziabad Bank of India
West by: House of Chandra Sen. Dated 21.01.2021 Null and Void
Date - 05.02.2021 Place - M o r a d a b a d A u t h o r i z e d Officer, U n i o n B a n k o f India |
Weekend Business Standard N E W DELHI | 6 FEBRUARY 2021 15

& Indian Bank Zonal Office:

D 211/2,
(Appendix-IV-A [See proviso to rule 8(6)1
S a l e notice f o r sale of i m m o v a b l e
E-AUCTION
Circle Sastra Center-Alwar
Ph. No.0144-2700667, E-Mail:- coalwsamd@pnb.co.in, CS8184@pnb.co.in

A 4ctll8Mld ALLAHABAD Sector 61, Noida property/ies SALE NOTICE SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES
E Auction Sale Notice for Sale of Immovable Assets under the 'Securtisation and Reconstruction of Financial Assets and Enforcement of Security
E - A u c t i o n Sale Notice for Sale of M o v a b l e / I m m o v a b l e A s s e t s Under Securitisation A n d Reconstruction of Financial A s s e t s a n d
Interest Act 2002, read with proviso to Rule 8(6) & 9(1) of the Security Interest (Enforcement) Rules, 2002.
E n f o r c e m e n t of Security Interest Act. 2 0 0 2 R e a d w i t h Proviso to Rule 6(2) & Rule 8(6) of T h e Security Interest (Enforcement) Rules. 2002. Notice is hereby given to the public in general and in particular to the Borrower (s), Mortgagor (s)& Guarantor (s) that the below described
Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantors) that the below described immovable property mortgaged/charged to the Indian immovable properties mortgaged/charged to the Secured Creditor, the Physical /Symbolic Possession of which has been taken by the Authorised
Bank, Secured Creditor, the possession (Constructive/Physical/Symbolic) of which has been taken by the Authorised Oflicerof Indian Bank, Secured Creditor will be sold on Officer of Punjab National Bank, Secured Creditor, will be sold on "As is where is', As is what is", and "Whatever there is" basis on the date as
"As is what is", and "Whatever there is" basis on below mention dates, for recovery of under mentioned dues & Future interest, charges and costs etc as detailed below. The reserve mentioned in the table herein below, for recovery of its dues due to the Bank/ Secured Creditor from the respective borrower (s), Mortgagor (s)&
price and EMD amount for each property has been furnished below. The specific details of the property intended to be brought to sale through e-auction mode are enumerated below: Guarantor (s). The Reserve price and the earnest money deposit will be as mentioned in the table below.
Name of the Branch & Name of the Details of Security Placed Bid Date and time Nodal Branch Account Name of the Branch (A) Date of Demand notice u/s. (A) Reserve Details of
Outstanding Dues Incnmental Details/Property Description of the Price
Borrower/Guarantor on auction amount of E- Auction Inspection Data 13(2) of SARFAESI Act, 2002 Date/time the
Name of the Account immovable (Rs. in Lacs)
BRANCH: VAISHALI - (MOB. NO. 9971172658). Rs. All the part and parcel of property Rs Rs. 26.02.2021 Indian Bank, - of encum-
properties (B) Outstanding amount as on e-auction brances
Borrower: 1. Mr. Shahid S/o Shri Sabir (Home Loan, TL-12,82,899/- fale No. 291 A, admeasuring area 8.65 25.000/- Time D211/2, Sector 61, Name & Addresses (B) EMD
Mr. Shahid Prop. M/s S S Traders, Address: 1. H. No. 128, + CC- 8,01,740/- 24.51 Sq. Mtr. 3rd Floor, Block N, lakhs 11.00 a.m. til Noida mortgaged/ Owner's (C) Possession Date u/s 13(4) known to
of the Borrower/
Gali No. 3, New Chaman Basti, Islam Nagar Ghaziabad + Interest & Sector 23, Sanjay Nagar, Ghaziabad. Rs 03.00 p.m. A/C No: 6102699146 Name (Mortgagors Of SARFAESI Act 2002 (C)Bid Increase the
201001.2- Shri Shahid S/o Shri Sabir, House No. A 291, Other Expenses Boundaries: East: 20Ft. Road, West: 0.90 Guarantors/Mortgagor Amount
IFSC Code: of property/ies) (D) Nature of Possession secured
3rd Floor, Block N, Sanjay Nagar, Ghaziabad, UP.- 201001. there on for House No. 286, North: House No. lakhs Account (D) Inspection
IDIB000N108 Symbolic/Physical/Constructive Date & Time creditors
3. Mr. Shahid Prop. M/s S S Traders, Abdul Hameed Marg, both long 290, South Circulation Space
Gali No. 2, Hindon Vihar, Meerut Road, Ghaziabad, UP Facility Bhiwadi Bhagat Singh All that part & parcel of the A) 19/02/2020 (published _ 25/02/2021 Not
A) Rs. 25/02/2021
Guarantor: 1. Mr. Chand Mohammad S/o Nasiruddin Saifi, Colony, Bhiwadi p r o p e r t y c o n s i s t i n g of i n newspaper on Fmm Known
House No. 407, Sanjay Nagar, Sector 23, M & N Block, Ghaizbaad-201001, 2. Mrs. Afroz W/o Shri Shahid, House No. 128, Gali No. 3, New Chaman Residential Apartment bearing J " 313.75 Lakl From
™ m
M/s Fairwealth Securities Ltd.
Basti, Islam Nagar, Ghaziabad-201001. Mortgager: Mr. Shahid S/o Shri Sabir (Home Loan) 1st add: H. No. 128, Gali No. 3, New Chaman Basti, Islam No-A-001, admeasuring Super 07.03.2020) 11:00 A M
(1) M / s . F a i r w e a l t h B) Rs.
Nagar Ghaziabad-201001. 2nd Add: Shri Shahid S/o Shri Sabir, House No. A291, 3rd Floor Block N, Sanjay Nagar, Ghaziabad UP. Area approx 308.54 Sq. Mtr. B) Rs. 3,00,41,880.03 as on
Securities Limited to
Loan Account No. TL-50269269781, CC-50357809966 (3319.91 Sq. Ft.) which 29/01/2020 +interest w.e.f. 31.40 Lakh
(Borrower Company) C) Rs.
BRANCH: WRIGHTGANJ BRANCH - (MOB. NO. 9411223848) Rs. H.No-159-160, Ground Floor, Nyay Rs Rs. 26.02.2021 Indian Bank, - includes approx 284.78 Sq. Mtr. 1:00 P M
651-652, Udhyog Vihar, 01/01/2020 and expenses
Borrower: Mrs Sandhya Devi, H.No-159-160, Ground 3132160/- Khand- 2, Indirapuram, Ghaziabad 10.50 25,000/- Time D211/2, Sector 61, (3064.23 Sq. Ft.) built up area 1,00,000/-
Phase-5, G u r u g r a m ,
Floor, Nyay Khand-2, Indirapuram, Ghaziabad. (as on (Without Roof Rights Bounded by: lakhs 11.00 a.m. til Noida and open to sky court/terrace until payment made in full.
Haryana - 122001, (2) D) 2 3 / 0 2 / 2 0 2 1
Guarantor: 1. Sri Lakhan Singh S/o Sri Shankar Singh, 05.01.2021) North: Entry & Flat No.-157-158, Rs 03.00 p.m. A/C No: 6102699146 area admeasuring approx
S h . D h i r e n d r a Gaba
H.No-159-160, Ground Floor, Nyay Khand-2, Indirapuram, + future Interest South: Other Block, East: Flat No.- 1.10 IFSC Code: (Director/ Guarantor) Flat
102.25 Sq. Mtr. (1100.19 Sq. from
Ghaziabad. 2. Sri Yatinder Nath Rai S/o Sri Late Kedar Rai, + Other Charges 154, West: 12'ft wide road. lakhs No-D-12, Raheja Atlantis,
Ft.) situated on ground floor in C) 04/08/2020 11:00 A M
there on IDIB000N108 Tower-A in B Block situated in
H.NO-129-130A, 1st Floor, Nyay Khand-2, Indirapuram, Sector-31, Gurugram,
Ghaziabad. Mortgager: Mrs Sandhya Devi, H.No-159-160, Ground Floor, Nyay Khand- 2, Indirapuram, Ghaziabad Loan Account No. 50164100029 the scheme named "Raheja D) Symbolic Possession to 0 3 . 0 0 P M
Haiyana-122001, (3) Sh.
Atlantis", Sector-31 -32A, Gurgaon now known as Gurugram, Haryana in the ownership of Mr.Sandeep
For downloading further details and Terms & Conditions, please visit: (i) https:// www.ibapi.in (ii) https://www.mstcecommerce.com Naveen Gaba (Director/
Jindal and Mrs.Babita Jindal. Bounded as under: At or towards East: Outer wall, At or towards West:
Guarantor) Flat No-D-12,
IMPORTANT NOTE FOR THE PROSPECTIVE BIDDERS Outerwall, At or towards North: Outerwall, At or towards South: Core and entrance
Raheja Atlantis, Sector-31
Bidders are advised to visit the website (www.mstcecommerce.com) of our e auction service provider MSTC Ltd to participate in online bid. For Technical Assistance Please call
Gurugram, Haryana-122001, (4) Sh. RoopLalAgarwal (Director/ Guarantor) Flat No-B-002, Raheja Atlantis, Sector-31, Gurgaon,
MSTC HELPDESK No. 033-22901004 and other help line numbers available in service providers help desk. For Registration status with MSTC Ltd, please contact
Haryana-122001, (5) Mr.Shitla Prasad Shukla(Director/Guarantor)
ibapiop@mstcecommeree.com and for EMD status please contact ibapifin@mstcecommerce.com. For property details and photograph of the property and auction terms and
S-24, Extension, Pandav Nagar, Shakarpur, East, Delhi -110092 (6) Mr.Sandeep Jindal (Director/Guarantor/Mortgagor)Flat No. A-
conditions please visit: https://ibapi.in and for clarifications related to this portal, please contact help line number 18001025026 and 011 -41106131.
001, Raheja Atlantis, Sector-31, Gurugram, Haryana-122001 and (7) Mrs. Babita Jindal (Mortgagor)Flat No. A-001, Raheja
• a t e : 05.02.2021 Palec: Ghaziabad Authorised Officer, Indian Bank Atlantis, Sector-31 .Gurugram, Haryana-122001.
TERMS AND CONDITIONS-1. The sale shall be subject to the Terms & Conditions prescribed in the Security Interest (Enforcement) Rules 2002 and
to the following further conditions: 2. The properties are being sold on "AS IS WHERE IS BASIS and "AS IS WHAT IS BASIS" and "WHATEVER
THERE IS BASIS" 3. The particulars of Secured Assets specified in the Schedule hereinabove have been stated to the best of the information of the
Authorised Officer, but the Authorised Officer shall not be answerable for any error, misstatement or omission in this proclamation. 4. The Sale will
be done by the undersigned through e-auction platform provided at the Website https://www.mstcecommerce.com on 25/02/2021 as per the
timings given in the table. 5.For detailed term and conditions of the sale, please refer www.ibapi.in.www.tenders.oov.in.
www.mstcecommerce.com.https://eprocure.oov.in/epublish/app. www.pnbindia.in Authorized Officer,
Date: 04/82/2021 Place: Alwar STATUTORY SALE NOTICE UNDER RULE 8(6) & 9(1) OF THE SARFAESI ACT, 2002 Punjab National Bank

Indian Overseas Bank Building No. 80, First Floor, Near BSNL Office, Tejgarhi Crossing, MEGA E-Auction UNDER SARFAESI Act, 2002.
Meerut - 250005 Ph.No.: 0121-2761701, 2761701, 2762124, On 10.03.2021
Fax: 0121-2761703 PUBLIC NOTICE FOR E-AUCTION FOR SALE OF IMMOVABLE PROPERTIES.
Sale of Immovable property/ies mortgaged to Bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (No.54 of 2002) Whereas the Authorised Officer of Indian Overseas Bank has taken possession of the following
property/ies pursuant to the notice issued under Section 13(2) of the Security interest (Enforcement) Rules 2002 in the following loan account with right to sell the same on "AS IS WHERE IS BASIS AND AS IS WHAT IS BASIS" for realisation of Bank's dues plus interest as details
hereunder and whereas consequent upon failure to repay the dues, the undersigned in exercise of power conferred under Section 13(4) of the said Act proposes to realise the Bank's dues by sale of the said property/ies. The sale will be done by the undersigned through e-auction
platform provided at the Web Portal (https://www.mstcecommerce.com/auctionhome/ibapi).

s. Name
of the
Name
of the Details of Security Placed o n auction Reserve Sale
Branch Contact Details for support
Bank Dues Price EMD/ bid multiplier
No. Branch Borrower

1. AMROHA M/s Golden Star Rs. 8,73,605.29 Two storeyed residential building, H No. 82, Mohalla Danishmandan Nakkassa, Amroha, owned by Smt. Parveen Bano,w/o Mr. Shakeel Rs. 11.51 Lakh Rs. 1,16,000/- IOB, Amroha Branch , Pakka bagh Bijnor Road
JYOTI BA Bass Store as on 31.01.2020 Ahmad, measuring 73.77 Sq. Mtrs. (Bid Multiplier Rs.25000) Amroha- 244221 Mr. Peeyush Kumar Bajpai
Phuley Nagar Mobile No-9479019270
2. Shastri Nagar M/s Amit Trading Rs. 13,90,336.00
A residential house property at Khasra No. 169, Village Mamepur, Mawana Road, Meerut Admeasuring area 637.00 Sq. Mtr Owned by Rs. 25.18 Lakh Rs. 2,52,000/- IOB, Shastri Nagar Branch, Meerut, UP 250004, Ms.
Meernt As on 31.01.2021 Sh. Dharmendra Singh S/o Late Sh. Jile Singh (Bid Multiplier Rs. 25000) Manpreet Kaur, Mob No- 9654560182
3 Ghat M/s Sai Industries & Rs. 43,63,143.74 Plot of Khasra no. 507, MPL no. A1-126, Brij Vihar, Near Smt. Sushila Vanasthali Public School, Gagol Road, Achrounda, Meerut, UP- Rs. 19.72 Lakh Rs. 1,98,000/- Ghat Branch, Village- Ghat, Delhi Roorkee Highw
Rohit Sharma, as on 29.01.2021 250002 admeasuring 83.61 sq Mtr. owned by Mr. Somdutt Sharma s/o Doonger Mai Sharma (Bid Multiplier Rs. 25000) Post- Panchili Ghat 250002 U.P. Contact Mr. Desh
Somdutt Sharma Deepak- Mob No. 7007832904
4 Shahjahanpur M/s Maa Purnagiri Rs. 12,68,915.90 Residential house situated at mohalla Hayatpura, Durga Colony, Shahjahanpur having area 102.00 sq. mtrs. Rs. 25.56 Lakh Rs. 2,56,000/- IOB, Shahjahapur Branch Gatuka Lodge Govind Ganj
Automobiles as on 31.01.2021 (Bid Multiplier Rs. 25000) Shahjahanpur (UP)-242001 Mr. Nirpendra Singh
5 Shahjahanpur Mohd Abdul Sayeec Rs. 2,18,015.53 Residential house situated at TP 36/B Mahmand Jangla, Shahjahanpur having are 26.74 sq mtrs. Owned by Mohammad Abdul Rs. 15.20 Lakh Rs. 1,52,000/- Mobile no. 7830498678
Khan as on 31.01.2021 Saeed Khan (Bid Multiplier Rs. 25000)
6 Shahjahanpur Anil Verma, Manoj Rs. 1,84,458.65 Commercial/residential house property situated at Chamkani, BahadurGanj, Shahjahanpur having area 151.69 sq. mtrs. Owned by Mrs. Rs. 109.25 Lakh Rs. 10,93,000/-
Kumar as on 31.01.2021 Rambeti w/o Mr. Madan Lai (Bid Multiplier Rs. 25000)
7 Shahjahanpur Saddam Husain Rs. 1,24,867.00 Residential property situated at Jalal nagar Out of municiple limits Shahjahanpur having area 140 sq. mtrs. Owned by Mrs. Rs. 11.88 Lakh Rs. 1,19,000/-
as on 31.01.2021 Salma Bano W/o Mohd. Swale (Bid Multiplier Rs. 25000)
8 Shahjahanpur Mohd Saleem Rs. 1,52,541.90 Residential house situated at mohalla Baduzai first Shahjahanpur, NearTalaiya Wali Masjid, having area 44.88 sq. mtrs. Owned Rs. 9.74 Lakh Rs. 98,000/-
Ansari as on 31.01.2021 by Mr. Saleem Ansari S/o Mr. Baseer Ahmad (Bid Multiplier Rs. 25000)
E-auction Date 10.03.2021. EMD may be deposited on or before 08.03.2021 (before 5.00 PM) Time of E-Auction: 11.00am to 1.00pm with auto extension of Ten minutes till sale is completed. The submission of online application for bid with EMD shall start from 08/02/2021.
• T h e e-auction is being held on " A S IS W H E R E I S " a n d " A S IS W H A T I S " B A S I S . A l l p r o p e r t i e s a r e u n d e r S y m b o l i c P o s s e s s i o n .
• To the best of k n o w l e d g e a n d information of the A u t h o r i s e d Officer, there are no e n c u m b r a n c e o n t h e properties placed o n auction. However, the intending bidders s h o u l d m a k e their o w n i n d e p e n d e n d e n t
. i n q u i r i e s r e g a r d i n g t h e e n c u m b r a n c e s , title o f p r o p e r t y / i e s & i n s p e c t & s a t i s f y t h e m s e l v e s .
Properties c a n be inspected o n 04.03.2021 & 05.03.2021 B e t w e e n 11:00 A . M . to 04:00 P M (with prior a p p o i n t m e n t f r o m bank)
The intended bidders who have deposited the EMD and require assistance in creating Login ID & Password, uploading data, submitting bid, training on e-bidding process etc. May contact authroised representative of
e-auction service provider (https://www.mstcecommerce.com/auctionhome/ibapi)
FOR DETAILED TERM A N D CONDITIONS PLEASE VISIT WEBSITE https://www.mstcecommerce.com/auctionhome/ibapi
This Notice is also to be treated as 30 days Statuary sale notice to borrower and Guarantors (L/Rs) Under Rule 8(6) Security Interest (Enforcement), Rules 2002
Date: 05.02.2021 Place: Meerut Authorised Officer, Indian Overseas Bank

Public Notice
Kailash Nursing Home Pvt. Ltd., 4 9 South Patel
Nagar, New Delhi-08 hereby brings to the kind
SITI NETWORKS LIMITED
attention of all concerned that it is being planned R e g d . Office: Unit N o . 3 8 , 1 st Floor, M a d h u Industrial E s t a t e , P a n d u r a n g B u d h k a r M a r g , W o r l i , M u m b a i 4 0 0 0 1 3
to destroy old inpatient records pertaining to the
Tel.:+91 22 43605555 Email:- csandleqal@siti.esselqrouD.com CIN:-L64200MH2006PLC160733 W e b s i t e : www.sitinetworks.com
period before 31st December 2 0 1 1 . In case any
person/ patient I relative thereof wants is see
EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31,2020 (? In lacs)
their treatment records, please contact Medical
Records Department, within 3 0 days from the Consolidated Financial Results Standalone Financial Results
date of notice. Quarter Quarter Quarter Nine Months Nine Months Financial Quarter Quarter Quarter Nine Months Nine Months Financial
Director Medical Services ended ended ended ended ended Year ended ended ended ended ended ended Year ended
KAILASH NURSING H O M E PVT. LTD. 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
49 South Patel Nagar, New Delhi- 110D8 (Unudited) (Unudited) (Audited)
(Unaudited) (Unaudited) Refer note 4 (Unaudited) Refer note 4 Refer note 4 (Unaudited) (Unaudited) (Unudited) (Unaudited) (Unudited) (Audited)

Total I n c o m e from Operations 38,920.0 38,983.6 40,260.1 115,634.7 121,029.2 160,835.9 17,926.9 18,108.1 20,308.8 54,170.8 61,537.8 81,893.9

Weekend
Net Profit / (Loss) for the period (5,182.2) (3,404.2) (4,157.2) (13,069.3) (11,468.5) (17,371.4) (4,706.6) (4,354.5) (3,103.4) (13,731.7) (12,084.0) (15,659.2)

(before Tax, Exceptional and/or Extraordinary items)

Business Standard Net Profit / (Loss) for the period before Tax (5,976.2) (3,404.2) (4,157.2) (13,863.3) (13,431.1) (22,388.9) (5,500.6) (4,354.5) (3,103.4) (14,525.7) (12,084.0) (18,459.5)

DELHI E D I T I O N (after Exceptional and/or Extraordinary items)

Printed and Published by Nandan Singh Net Profit / (Loss) for the period after Tax (5,766.7) (3,398.9) (4,166.8) (13,747.2) (12,594.0) (21,411.6) (5,500.6) (4,354.5) (3,103.4) (14,525.7) (12,491.6) (18,937.0)
Rawat on behalf of Business Standard
Private Limited and printed at The Indian (after Exceptional and/or Extraordinary items)
Express (P) Ltd. A-8, Sector-7, Noida,
Total C o m p r e h e n s i v e I n c o m e for the period (5,785.4) (3,406.7) (4,172.6) (13,803.3) (12,611.5) (21,535.9) (5,507.9) (4,350.8) (3,107.2) (14,547.5) (12,502.9) (19,009.6)
Gautam Budh Nagar-201301 and
published at Nehru House, 4 Bahadur (Comprising Profit/(Loss) for the period (after Tax)
Shah Zafar Marg, New Delhi 110002
and other Comprehensive Income (after Tax)
Editor: Shyamal Majumdar
Paid U p E q u i t y S h a r e C a p i t a l ( F a c e v a l u e of Re.1/- per s h a r e ) 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5 8,720.5
RNI No. DELENG/2013/53036
Readers should write their feedback at Earning Per Share (before Extraordinary Items) (0.7) (0.4) (0.5) (1.6) (1.4) (2.5) (0.6) (0.5) (0.4) (1.7) (1.4) (2.2)
feedback@bsmail.in
(of Rs.1/- e a c h ) B a s i c a n d Diluted ( R s ) (not annualised)
Ph. 011-23720202, Fax : +91-11-23720201
For Subscription and Circulation Earning Per Share (after Extraordinary Items) (0.7) (0.4) (0.5) (1.6) (1.4) (2.5) (0.6) (0.5) (0.4) (1.7) (1.4) (2.2)
enquiries please contact:
(of Rs.1/- e a c h ) B a s i c a n d Diluted ( R s ) (not annualised)
Ms. Mansi Singh
Head-Customer Relations
Business Standard Private Limited.
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Opp. Birla Centurion, t h e Statutory Auditors of t h e C o m p a n y .
PB.Marg, Worli, Mumbai - 400013
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DISCLAIMER News reports and feature arti- 3. For t h e q u a r t e r e n d e d S e p t e m b e r 3 0 , 2 0 2 0 , a n d for quarter a n d nine m o n t h s e n d e d D e c e m b e r 3 1 , 2 0 2 0 , t h e 'subscription i n c o m e ' included in t h e ' R e v e n u e from Operations'in t h e s e financial results, inter alia,
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unbiased picture of developments in the mar-
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sibility for investment or business decisions ? 2 8 , 0 5 1 . 7 lacs for t h e quarter e n d e d S e p t e m b e r 3 0 , 2 0 2 0 , a n d for q u a r t e r a n d nine m o n t h s e n d e d D e c e m b e r 3 1 , 2 0 2 0 in t h e s t a n d a l o n e financial results, a n d ? 1 9 , 3 3 2 . 2 lacs, ? 2 0 , 5 0 2 . 4 lacs a n d ? 58,927.7
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No Air Surcharge Date : F e b r u a r y 5, 2021 (DIN -00299232)

•• •• •• •• •• •• •• ••
16
>
NEW DELHI | 6 FEBRUARY 2021

ZOSARB,13th Floor, Bank of Baroda Building,

INDORE SAHAKARI DUGDH SANGH MARYADIT 16, Parliament Street, New Delhi
Chanda Talawali, Manglia, Indore-453771, Ph:- 0731-2811162 011-23441302/1320/1305 armdel@bankofbaroda.co.in
E-Mail: pur_ids@sanchidairy.com/ mis_ids@sanchidairy.com PUBLIC NOTICE
Re : Advance account M/s Pipe and Metal with our ZOSARB Branch, New Delhi-Publication of
E-TENDER NOTICE Photographs of Wilful Defaulter.
Online E-Tenders are invited through www.mptenders.gov.in for Supply Notice is hereby given to the public at large that Bank of Baroda has declared the following
of Plastic Crates and Plastic Palates & Polypropylene Lassi Glass, person as wilful defaulters, in terms of Bank's/RBI's extant guidelines, complying with the due
process prescribed.
Shrikhand, Rabdi, Curd, Amrakhand cups/Glass with Multicolour printed
Shrink Sleeves and Multi/Single colour printed alluminium foil, the last
date for submission of the Tender is on 01.03.2021. The detailed tender 1- M/s Pipe and Metals (India)
terms and conditions can be seen only at our Web: www.mpcdf.nic.in/ (Borrower)
www.sanchidairy.com. Any amendment made in this tender can be
seen only on above referred website and not be published elsewhere.
CEO, ISDS has full right to cancel the Tender at any stage without 1.- Mr. Narendra Prasad Gupta (Proprietor)
assigning any reason thereof. Bank had sent suitable communication to the Borrower/Guarantor informing the decision of
M.P. Madhyam/99834/2021 CHIEF EXECUTIVE OFFICER the Bank to declare them/him/her as a wilful defaulter.
As permitted by the Reserve Bank of India, Bank publishes the photographs of the wilful
defaulter, for the information of public at large.
Date : 05.02.2021 Authorized officer
Place : Delhi ZOSARB Branch, New Delhi

SAM Branch, First Floor, 17 Parliament Street, New Delhi-110001

(Ph. 011-40230166) Email:br.samlb_newdelhi@allahabadbank.in
armbdelhi@indianbank.co.in
“APPENDIX- IV-A” [SEE PROVISO TO RULE 8 (6)]
SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES
E-Auction Sale Notice for Sale of Immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002 read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002.
Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (s) that the below described immovable property mortgaged/charged to the Secured
SAM Branch, First Floor, 17 Parliament Street, New Delhi-110001 Creditor, the physical possession of which has been taken by the Authorised Officer of Indian Bank, (erstwhile Allahabad Bank), SAM Branch Delhi(Secured Creditor), will be sold on
“As is where is”, “As is what is”, and “Whatever there is basis” on 26/02/2021, for recovery of Rs.522088536/- (Rupees Fifty two Crores twenty lakhs eighty eight thousand five hundred
(Ph. 011-40230166) Email:br.samlb_newdelhi@allahabadbank.in thirty six only (as on 03/02/2021) plus Interest & other expenses(excluding Legal Charges-if any) till realization of the dues owed to the Indian Bank, (erstwhile Allahabad Bank), SAM
armbdelhi@indianbank.co.in Branch Delhi (Secured Creditor), by M/S Surya Vikas plywood Ltd, Mr. Jitendra Kejriwal & Mr. Ghanshyam Sharma & Mr. Vinod Kumar 20, NWA, Punjabibagh west, Club road, New
“APPENDIX- IV-A” [SEE PROVISO TO RULE 8 (6)] delhi-110026 also at, Village Damla,Delhi Road,Yamuna nagar, Haryana-135001
SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES The specific details of the property intended to be brought to sale through e-auction mode are enumerated below :
Property No-1
E-Auction Sale Notice for Sale of Immovable Assets under the Securitization and Reconstruction of Financial Assets and Enforcement of
e-auction of Sale of immovable property in name of Shri Jitendra Kejriwal,S/O- Late Shri Mahavir Prasad Kejriwal Residence of H.No. 20, North West Avenue, Punjabi
Security Interest Act, 2002 read with proviso to Rule 8 (6) of the Security Interest (Enforcement) Rules, 2002.
bagh Extension, New Delhi-110026 on 26/02/2021 at 11.00 A.M under SARFAESI Act 2002
Notice is hereby given to the public in general and in particular to the Borrower (s) and Guarantor (s) that the below described immovable property mortgaged/charged to the
Secured Creditor, the Symbolic possession of which has been taken by the Authorised Officer of Indian Bank, (erstwhile Allahabad Bank), SAM Branch Delhi(Secured Creditor), Detailed description of the Property Residential Flat- Entire Second floor,without Roof/terrace Rights,Built up on property No 20, North West Avenue, Situated at Adesh
Bhawan, C.H.B.S Ltd colony known as Punjabi bagh Extension, New Delhi-
will be sold on “As is where is”, “As is what is”, and “Whatever there is basis” on 26/02/2021, for recovery of Rs7,70,68,148/- (Rupees Seven crores seventy lakhs sixty eight Boundaries are as under-North – Road, South-Service Lane, East- Plot No-18, West – Plot No-22
thousand one hundred and forty eight only (as on 03/02/2021) plus Interest & other expenses(excluding Legal Charges-if any) till realization of the dues owed to the Indian Bank,
(erstwhile Allahabad Bank), SAM Branch Delhi (Secured Creditor), by M/S Tara Consultants PVT Ltd,307,,Osian Building,12,Nehru Place, New delhi-110019 Details of Encumbrances outstanding Sale deed made of aforesaid property in favour of Shri Jitendra Kejriwal,,S/O- Late Shri M.P.Kejriwal,Resident of 20-C/73, Punjabibagh
dues of Local Self Government, Electricity, west, New Delhi- 110026 while mortgaged with us and will be sold as “As is where is”, “As is what is”, and “Whatever there is basis.
And Guarantors – .Shri Rakesh Jain, S/O- Late Shri Jagmohan Das Jain, Smt. Sushma Jain, W/O- Shri Rakesh Jain, and Shri Neerav Jain,S/O- Shri Rakesh Jain, H.No- R- Property Tax, Municipal Tax etc if any Outstanding dues of Local Self Govt, Electricity, Property Tax, Municipal Tax etc are not known to bank
256,2nd Floor,Greater Kailash-1, New Delhi-110048 known to the Bank
The specific details of the property intended to be brought to sale through e-auction mode are enumerated below:
Reserve Price Rs.3,44,00,000/- (Rupees Three crore and Forty Four Lakh rupees only)
e-auction of Sale of immovable property in name of Shri Rakesh Jain, , S/O- Late Shri Jagmohan Das Jain, H.No- R-256,2nd Floor,Greater Kailash-1, New Delhi-110048 on
26/02/2021 at 11.00 A.M under SARFAESI Act 2002 EMD Amount Rs.34,40,,000/- (Rupees Thirty Four Lakh and Forty thousand only)
Detailed description of the Property Residential Flat – All the part and parcel of property consisting of entire 2nd and 3rd floor (with roof rights) with direct/independent access Bid incremental amount Rs 1,00,000/- (Rupees One lakhs only)
from the stairs which belong to the owner of Ground floor, for residential purpose only,with structure standing therein,fittings and fixtures Date and time of e-auction 26-02-2021 between 11.00 A.M to 4.00 P.M
installed therein,of the residential property(flat)situated at Plot No-R-256, Greater Kailash-1,new delhi,in the name of Mre.Rakesh Jain
(Director) measuring 200 square Yards. Property No-2
Boundaries are as under- North – Property No. 254, South-Property No. 258,East- Road, West – Service lane e-auction of Sale of immovable property in name of M/S Surya vikas plywood ltd through its director Shri Vikas Aggarwal, S/O Shri Ravinder Aggarwal & Shri Jitendra
Details of Encumbrances outstanding Sale deed made of aforesaid property in favour of Shri Rakesh Jain, , S/O- Late Shri Jagmohan Das Jain, H.No- R-256,2nd Floor and 3rd KejriwalS/O- Shri Mahavir Prasad Kejriwal, village- Damala,Tehsil-Jagadari,(now Tehsil- Radaur, District-Yamunanagar(Haryana)-135001
dues of Local Self Government, Electricity, floor (with roof rights) with direct/independent access from the stairs which belong to the owner of Ground floor, for residential purpose on 26/02/2021 at 11.00 A.M under SARFAESI Act 2002
Property Tax, Municipal Tax etc if any only in Greater Kailash-1, New Delhi-110048 while mortgaged with us and will be sold as “As is where is”, “As is what is”, and “Whatever Detailed description of the Property Land – Entire land10 Kanal -2 Marla,of property no Khasra No 33//17/2/2(7-1),24/2/2(3-1),total area 10 kanal-2 Marle situated in village-
known to the Bank there is basis. Outstanding dues of Local Self Govt, Electricity, Property Tax, Municipal Tax etc are not known to bank Damala,Tehsil-Jagadari,(now tehsil- Radaur, District-Yamunanagar(Haryana)-135001.
Reserve Price Rs.2,58,00,000/- (Rupees Two Crore and Fifty Eight Lacs only) Boundaries are as under-North – Agriculture Land, South-45’-0” wide Road, East- 12’-0” wide ,West – Property of M/S Jamuna Plywood
Details of Encumbrances outstanding Sale deed made of aforesaid property in favour of of M/S Surya vikas plywood ,Village Damla,ltd through its director Shri Vikas Aggarwal,
EMD Amount Rs.25,80,000/- (Rupees Twenty Five lacs and eighty thousand only) dues of Local Self Government, Electricity, S/O Shri Ravinder Aggarwal,,Radour Road, Tehsil- Jagadhari ,Tehsil-Yamunanagar & Shri Jitendra KejriwalS/O- Shri Mahavir Prasad
Bid incremental amount Rs 1,00,000/- (Rupees One Lakh only) Property Tax, Municipal Tax etc if any Kejriwal H.No. 20-C/73 west Punjabi bagh,New delhi-110026 while mortgaged with us and will be sold as “As is where is”, “As is what is”,
known to the Bank and “Whatever there is basis.Outstanding dues of Local Self Govt, Electricity, Property Tax, Municipal Tax etc are not known to bank
Date and time of e-auction 26-02-2021 between 11.00 A.M to 4.00 P.M
Reserve Price Rs.13955000/- (Rupees One crore Thirty Nine Lakh and Fifty Five thousand only)
Bidders are advised to visit the website (www.mstcecommerce.com) of our e auction service provider MSTC Ltd to participate in online bid. For Technical Assistance Please call MSTC
HELPDESK No. 033-22901004 and other help line numbers available in service providers help desk. For Registration status with MSTC Ltd, please contact EMD Amount Rs.1395500/- (Rupees Thirteen lakh ninty five thousand Five hundred rupees only)
ibapiop@mstcecommerce.com and for EMD status please contact ibapifin@mstcecommerce.com. Bid incremental amount Rs 100,000/- (Rupees One lakh only)
For property details and photograph of the property and auction terms and conditions please visit: https://ibapi.in and for clarifications related to this portal, please contact help line
number ‘18001025026’ and ‘011-41106131’. Date and time of e-auction 26-02-2020 between 11.00 A.M to 4.00 P.M
Bidders are advised to search for the property in the website with https://ibapi.in and www.mstcecommerce.com Bidders are advised to visit the website (www.mstcecommerce.com) of our e auction service provider MSTC Ltd to participate in online bid. For Technical Assistance Please call MSTC
PLACE: NEW DELHI, DATE: 06.02.2021 AUTHORISED OFFICER HELPDESK No. 033-22901004 and other help line numbers available in service providers help desk. For Registration status with MSTC Ltd, please contact ibapiop@mstcecommerce.com
and for EMD status please contact ibapifin@mstcecommerce.com.
For property details and photograph of the property and auction terms and conditions please visit: https://ibapi.in and for clarifications related to this portal, please contact help line number
‘18001025026’ and ‘011-41106131’. Bidders are advised to search for the property in the website with https://ibapi.in and www.mstcecommerce.com.
PLACE: NEW DELHI, DATE: 06.02.2021 AUTHORISED OFFICER





 

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 NOBLE CO-OPERATIVE BANK LTD.
 
  
 
 
 
 
 HEAD OFFICE: Raghunathpur, MP-1 Road, Sec-22 Noida.
 
  

 
 


%&%& Phone: 0120-4503015, e-mail: ncblnoida@gmail.com)
E-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY

 
$ 9&
(:$ F B*  9 &+ # $?- - (- C 9 $ 9 ? * + &+ 9& : &* &? 0    1 # #  4 &+ %
$  9# -  ?9- + ?    &* &?  9F-?$  APPENDIX-IV-A (See proviso to rule 8(6) also read with rule 9(1)
0  1 :  +  # &+ # &9  ?- 9  $ &   95
E-Auction Sale Notice for Sale of Immovable Asset under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,
 E B ?&C & 90      1 D 2 22  D  9B +   9?$  2002 read with proviso to rule 8(6) of the Security Interest (Enforcement) Rules, 2002.
H. 2H A 2AH A. 2  ? # - 9F-  % Notice is hereby given to the public in general and in particular to the Borrower(s) and Guarantor(s) that the below described immovable property mortgaged
 $ 9&
(:$ F B *  9 &+ # $/ 9&- 9?-'- &+&+ # /  &?FB /?-, 2H to the Secured Creditor, the symbolic possession of which has been taken by the Authorized Officer of Noble Co-operative Bank Ltd. (i.e.. the Secured Creditor),
  ?9- +  ?    &* &?  D  :D - 9(&+ #D &?$  
- 9 will be sold on “As is where is”, “As is what is” and “Whatever there is” for recovery of below mentioned amount. The details of Borrower, Guarantor, secured
asset, Amount Due, Reserve price, E-auction date & time, EMD and Bid Increase Amount are mentioned below: -
+ & + &) -9/ -9 ?&- + &* &?  : &9?- 9  $ & C&+ #:&# + &%
Name & Address of Borrower/Guarantor: Loan account: M/s. Vaibhav Global Enterprises: Propreitor Neetu Tyagi (Borrower) W/o Shri Vikas Tyagi, R/o
0 &/  )&+ :12 $  ):-: 9C  : + E% & + ?)F$ &# $  9) C )-/ 9- 9* + &+/ 9- B ?&- +- / 9 ?&- + ) House No. 2066, Sector-16A, Vasundhara, Ghaziabad
B ?&C &9?- 9&+
 +  & &* &? &+ 9- '?: &C&:&- + - 9 & &+ & : + 9#F - + : 9C ?&-+ + 9&+  9F*  9#&+D $&) -* % Mr. Vikas Tyagi (Borrower) S/o Late Shri Vijay Tyagi, R/o House No. 2066, Sector-16A, Vasundhara, Ghaziabad
+ & + &) -9/ - 9 ?&-+ &* &?  2 / )F&+ #D &?$?$ + -9* :-$   )?$ : ?F + + C&9- +*  +?/ 9- ?% Mrs. Santosh Tyagi (Borrower) W/o Late Shri Subhash Tyagi, R/o House No. 448, Sector-11, Vasundhara, Ghaziabad
 $ 9&
(: $  F B * 9 &+ #$$  :C  :? E/  9&+ &+ E B ?&+ # $)% ?&- + 2    ):-  # #    / 9 :?&# &- B: D  94 B :? &+   )F Mr. Shailesh Singh (Guarantor) S/o Late Shri Ram Vinod Singh, R/o Flat No. S-5, Second Floor, Plot No. 176, Sector-4, Vaishali, Ghaziabad
Mr. Robins Singh (Guarantor) S/o Late Shri Ram Vinod Singh, R/o Flat No. S-5, Second Floor, Plot No. 176, Sector-4, Vaishali, Ghaziabad
)+ # &+ # - * / ) E + ) 9# :&G 9-:: - B+?9F$ F 9-  9 -+  9- D &+ # - 9/ -9 ?-?$   95D $ &$9 - #+ &G : E )) + 
Total Dues: Demand Notice Date and Outstanding Amount:
/&/  )&+ + ?D - 9(:-  ?&- +  )&* / - 9?+  + *   :&# + & &+ ? &+:B :? &+   &)&?F/  9- 9*  +  +   + &?: E? +  ?-?$ :- % In Loan account LAP 8: As on 31st July, 2020 Rs. 44,10,964/- (Forty Four Lakhs Ten Thousand Nine Hundred Sixty Four) + further applicable simple
- + ?9& B ?&- +:&+?$ ) :?@ !F  9:?-?$  ?9- )B*   ?B 9 )#: & ?F +?$  +C&9- + * + ?2 +  #&+ # &9?- 9    $ 9&  interest + penal interest + legal charges + recovery charges + miscellaneous charges and other expenses to the extent not included earlier in the above
: ?- 9&+ + &2  &* /  ) +  92  $ 9&
 E +  9  &C  -?$?$ / 9 :?&% mentioned outstanding loan amount.
 - * *  + ?&+#- +$ &:'- &+ &+ #  $ 9&
 &+ #$: &4  *  )&# $? # &- B : D  9 :9- *  $ 9& $  9* + 9 9 $ +  -+ 8 ) &+ &:? 9 In Loan account OD 173, 174 & TL 175 in the capacity of mortgagor: As on 30th April, 2020 Rs. 77,39,138/- (Seventy Seven Lakhs Thirty Nine
?-)     + '- &+&+?$  +    C- B9?-*  ( +  &#  :  : - 9  ?9- )B *  ?B 9 ) : +  ?  )&+?$ / 9 :  + -?$   % Thousand One Hundred Thirty Eight) + further applicable simple interest + penal interest + legal charges + recovery charges + miscellaneous charges
and other expenses to the extent not included earlier in the above mentioned outstanding loan amount.
- + - * F52 9 ? 9F  -      B 9&+ #?$ 
D 9 : 9 * - +F$ )- +
 + B 9F In Loan account OD 40 in the capacity of mortgagor: As on 30th April, 2020 Rs. 63,07,492/- (Sixty Three Lakhs Seven Thousand Four Hundred
A ; A H A . ?  D   )$ &2 +?$ -   : &-+  92 &* / ) E/ 9 : :  Ninety Two) + further applicable simple interest + penal interest + legal charges + recovery charges + miscellaneous charges and other expenses to
# 9 ?&?B   + ?$ +(:?-   + -   - 9?$ &:&+ &?&?&C +  the extent not included earlier in the above mentioned outstanding loan amount.




  
   
  Status of Possession: Symbolic Possession
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Last date & time for submission of emd and bid form: 09.03.2021 upto 4:00 P.M.
 9:- 9?$  $ &C *  + ?2




 
 

  Sr. Description of the Immovable Property with known encumbrances:- Reserve Price, EMD, Bid Increase Date & Time of
No: Amount E-Auction


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 1. All that part and parcel of the residential freehold property situated at House No. Reserve Price: Rs.1,40,00,000/- (One Crore 10.03.2021 from 03:00
?&- +   ? - D  9%  ?-   F- * * &::&- +  < < =. .  448, Sector-11, Vasundhara, Ghaziabad, having covered area of 162 sq.mt. registered Forty Lakhs) P.M. to 04:00 P.M. (with
in favour of Mrs. Santosh Tyagi W/o Late Shri Subhash Tyagi. EMD: Rs. 14,00,000/- (Fourteen Lakhs) unlimited extensions of 10

   9& B  : ? ?&- + ?  9 ) +  B : ?9& ) B &+  )$ &2 $   9(  F/  ?9&- ?&:*   $  - D  9 &* &? ) 9 ?  Bounded By: As per site plan Bid Increase Amount: Rs. 50,000/- (Fifty min. each)
+  D )F- * * &::&- +  :B  :? ?&- +D &))  + &?- C 9A H H H&+  B :?9&% ?$ ; A +   / B  )&  F- Encumbrances: Not known apart from the above. Thousand)
 )B + &?:&+  9 ) + ?$   '- &+ &+ # 9  :)&(  )$ & ? ? +  B :% + &- +?$ / 9 * &: : ? Terms of Sale
?9& ) +  +9 :?9B ?B 9  C  )- / *  + ? - 9/ - 9 ?&- + ? 20    1 &?:A E; H H    '/ B 9 $  9*  ) 1. The auction sale will be ‘Online E-Auction/ Bidding’ through website https:// Sarfaesi.auctiontiger.net also on Auctiontiger Mobile App on 10.03.2021 from
+  B :?9& )
9   + ? # 9 ?  9 &# $ ? - 99& - 90   1 ?&- +  ) + %  - D 9 ) +?   & ?&+ #&?:- /  9% 03.00 PM to 04.00 PM. with unlimited extensions of ten minutes duration each. The secured asset will not be sold below the reserve price.
: ?&?B ?-   $ + - )- # F0    )$ &1
)) +  &   &-  $  * / B 9 $  * %  ?&- +:?-?$ :  9C& -?$ +  ?&- +2 2. Intending bidders shall hold a valid e-mail address. For details, please contact M/s e- procurement Technologies Ltd., Ahmedabad, Contact Persons: Ram
Prasad - 8000023297, Nitish Jha - 8800896847, e-mail id: delhi@auctiontiger.net , support@auctiontiger.net. Landline - 079-61200559/595/596.Toll Free No:
& )  9( ?0 $  $ / B 9  9$ &1 ?2 $ :B  :? ?&- +D &)) B 9?$  9&* %  $ & E B ?&C& 9    9
18001035342
/ 9- C?$ 9 )&  &)&?F-/ - D  9:B / / )F +  &)&? ?)- # 9- D ?$
?$ 9 $ $  $ -&: ? ?$   ?&- +  ) 3. Bidders are advised to go through the website https://sarfaesi.auctiontiger.net also on Auctiontiger mobile app for detailed terms and conditions of Auction
*  +  #  *  + ?2  ) #D $ &$D  :- ))- D   F?$  Sale before submitting their bids and taking part in the e-auction sale proceedings.
 $ # 9&:B  :? ?&- +D  :&+  B # B 9 ?  F $ 9&  ?F +   9
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+ ?$  * 2 4. Prospective bidders may avail online training on e-auction from M/s e-procurement Technologies Ltd., Ahmedabad, Contact Person: Ram Prasad -
 - + 8 ) - D  9 &+ &:? 9 - C?2-  -  )$ &&+?$ / 9 : + -  /  (&+ #- +?$ -  :&- + ?$     )) B / -+?$ : 9& & : 8000023297, Nitish Jha - 8800896847. e-mail id: delhi@auctiontiger.net, support@auctiontiger.net. Landline - 079-61200559/595/596
 $ 9& $  9  B *  9 $  B $  +  - + 8 ) 
  9 ) +  92 *   F?$ 9   - *&# $ ? 9: + ) B ?$  &9B + F&+ #:/ &9&??- 5. Bids shall be submitted through online procedure only in the prescribed format with relevant details.
6. Earnest Money Deposit (EMD) shall be deposited through RTGS/NEFT/Fund Transfer to credit of account no. 9999001004421 . Account Name: SARFAESI
  +  : $ 9&+ &C  :  +      ? - D  9%   2
* - + #- ?$  9:/ 9 : %  9&+ #6 D  9 '7&+ +  & 2  ):-$  &)?$ - + ?9&B ?&- + :  &+ #
E-AUCTION, Noble Co-operative Bank Ltd., IFSC Code: YESB0NCB001, before submitting bid online.
 + ? ??$  C  + ?D  9:  + &- 9-& & ):9- *   +  9 ) )  ?9&   + % *   F/ - / )9- *  ))D  )(:-)& ?-*  ( +  &:? + - B ?&+ 7. A Copy of the bid form along with enclosure submitted online (also mentioning UTR No.) shall be forwarded to the Authorised officer, Noble Co-operative
 9 ) ) ?9&0  1?$ ? $ + - )- # F/  9?+  9- 9?$ / 9- ' ?2 ?$ D - 9) :B + &- +- &C 9:B )?B 9:9   : +9 # &-+ :2 Bank Ltd. H.O. Ragunathpur, M.P. Road-1, Sector-22, Noida, Distt. Gautam Budh Nagar or soft copies be forwarded by email to recovery@noblebank.in
 $ +  D )F&+  B # B 9 ?  9& %:B  : ? ?&- +&:*   B /- + C&9- + %    ))&+ #$ &:?- 9F $ : & +  & * B +   9- 9 &#+- B / ?&- + The bid price to be submitted shall be above the reserve price and bidders shall improve their further offer in multiples of Rs. 50,000/- (Rupees Fifty Thousand).
*  + ? 9& +  )F &?$ &B * % - +  ?? 9& : :- / / - : ?-- + C + ?&- +  )  :&?D  : &C&   * - + # :?:*  ))? 99&?-9& : + ?$ 9B )9: ??$ ? The successful bidder shall have to pay 25% of purchase amount (including Earnest Money already paid), on the closure of the e-auction sale proceedings within
    %
:: ?  ?? 9& :2 &?$ &B * % - +  ?? 9& : 9* - 9&& + ? ?&* 9 *  &+ -  )&C&- B :?-?$  - + - * & + &+  B:?9& )9 C- )B% 24 hours of the sale in the same mode as stipulated in clause -6 above. In case of default in payment of remaining amount of 25% of bid amount within the
prescribed period, the EMD amount will be forfeited and the secured assets will be resold.
 + $  C  ?? 9)&  %F) 2  :&  :?$ &:?$ :B  :? ?&- +&:  : ?&- + :?$  ?D 9:$  / &+ #?$  B 9-/   ++  ?&- + :2 The balance 75% of bid amount shall have to be paid within '15' days of acceptance/confirmation of sale conveyed to them by the secured creditor in the same
+ :B ) ?  D &?$ #   90  1  : D $ &$*  ( :&?: 9- * %  : &?-   F +  &$  : *  9#   :* &)&? 9F + - +- * & mode as stipulated in clause -6 above. In default in payment of the remaining 75% of the bid amount within the prescribed period, the amount deposited will be
/   ? + *  &+ ? +  +  9 D &?$  ?? 9)- + #  C &?F : - * /  9 ?- / - D  9 B ?D &?$&+  B :?9& )9 C- )B?&- +" 2H- +&?:D  F + &+    : forfeited and secured asset will be resold.

&9 + :B ) ?  D &?$ #   90
 12 ?- :??9 (&?7:# 9- D ?$&+: C 9 ):/ $ 9 :2 8. The EMD of unsuccessful bidder will be returned within 7 days from the date of auction and the bidder will not be entitled to claim any interest, costs,
 $ &)&+  B # B 9 ?&+ #  $ 9&  ?F +   9
 &+  - + 8 ) - D  9 &+ &:% expenses or any other charges(if any).
? 9 - C?2-  -  )$ & / / 9 & ? ?$ - 9?:-?$ - * /  + F 9. The sale is subject to confirmation by Bank. If the borrower/guarantor pays the amount due to the Bank in full before date of sale, no Sale will be conducted.
The property is to be sold on “As Is Where Is” and “As Is What It Is” condition and the intending bidders should make discreet enquiry as regard any claim,


 + ? 9*  ?$ &+ &?& ?&C   + & & )- 9?$ &+  B : ?9& )  C  )- / *  + ? $9&
2 charges on the properties of any authority, besides the Bank's charges and should satisfy themselves about the title, extent, quantity of the property before submitting
&+?$  9  2 /   ( &+ # ??$ &+  B # B 9 ?&- +  92  +  : $ 9&+ &C  :  +  + B their bid. No claim of whatsoever nature regarding the property put for sale, charges/encumbrances over the property or on any other matter, etc., will be entertained
     ? - D  9%  : & 3 $ - * * &::&- +&+ #-?$ &:? $ % 9 : after submission of the online bid.
+ - )- # & ))F  C +   9& B  :? ?&- + ?  9 )&:/  9?-- B 9
 &?&-+ ) $& 10. The Undersigned has absolute right and discretion to accept or reject any bid or adjourn/postpone/cancel the sale or modify any terms and condition of the
- * * &?*  + ??- + :B 9:  * ) ::/ - D  9:B / / )F?-- B 9&+  B :?9& )   9 ?9F  E% sale without any prior notice or assigning any reason thereof.
- + :B *  9:2 $ # 9&D &)) + $  + ?$ 9 )&  &)&?F-/ - D  9:B / / )F &: + E % 11. The purchaser shall bear the stamp duties, charges (including those of sale certificate issued by the Bank), registration charges, all statutory dues payable
to government, taxes and rates (both existing and the once that might arise in future relating to the said property). The sale certificate will be issued only in the
 +  &)&? ?:  * ) ::)-  # 9- D ?$*  +  #  *  + ? ??$ &:*  '- 9 ?&-+ B+' - C%
name of the successful bidder.
&+  B :?9& )$ B  2   )& C?$  ??$ &::? /D &)) B 9?$  99 &+- 9- B 9  9+* +?   B+' ?? -D
9 -9/-9
?&-
+ &*
&?
$-+
% 12. The intending purchasers can inspect the property with prior appointment at his/her expenses on the time and date mentioned above. For inspection of the
- * * &?*  + ??-: 9C?$ - + :B *  9:+ - + %:?- / +  ):-- + % - 9&+# +# &+ 9 $9* B) $&+#&+
9= ?-  
% property, please contact our Head Office at phone no. 0120-4503010, 0120-4503013.
?9& B ??- D  9 :?$ 9 C&C )-  )$ &7: - + - * F/ - :??$ B + )- (23  - +?$  C-$ &:9?&9
*  +?2 13. For any further details contact the Authorised Officer, Recovery Department, Noble Co-operative Bank Ltd., H.O. Raghunathpur, M.P. Road-1, Sector-22, Noida.
Date : 06.02.2021 AUTHORIZED OFFICER, Noble Co-operative Bank Ltd.
Weekend Business Standard N E W DELHI | 6 FEBRUARY 2021 17
PUBLIC NOTICE FOR AUCTION CUM SALE (APPENDIX - IV A) (Rule 8(6))
Pursuant to taking possession of the secured asset mentioned hereunder by the Authorized Officer of IIFL Home Finance Limited (Formerly known as India
Infoline Housing Finance Ltd.) (IIFL HFL) underthe Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for , I
NATIONAL SEEDS CORPORATION LTD.
(AGovernment of India Undertaking - "Mini Ratna" Company)
i l
Punjab & Sind Bank
W ® I'ftl^jg tftflft SdfcJ
Punjab & Sind Bank
Naraina Branch, Ground Floor, B-38-39, Industrial
(A Govt, of India Undertaking)
the recovery of amount due from bonower/s, offeis are invited by the undersigned in sealed covers for purchase of immovable property, as described
ti
BEEJ BHAWAN, PUSA COMPLEX, NEW DELHI-110 012 (INDIA)
CIN: U74899DL1963GOI003913 Where service is a way of life Area, Phase - 1 , Naraina, New Delhi -110028,
Borrowers)/ Demand Notice Description of the Immovable orooertv/ Secured Asset Date of Physical Possession
Co-Borrower(s) E-mail: nsc@indiaseeds.com, Ph: 011-25843673, Mobile: 98688936(6, Website: www.indiaseeds.com Possession Notice
Date and Amount All that piece and parcel of the property bearing Part of Residential Plot 15-Jan-2021
20-Aug-2019 No. 07 & 08 admeasuring 781.5 sq.ft Khasra No. 1480, Ganesh Vihar, Total Outstanding as NOTICE INVITING APPLICATIONS FOR Notice is hereby given under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002
1) Narsingh Das, Rs.18,41,750/- (Rupees Phase-1, Village Anneki, Hettampur, Pargana Roorkee, Tehsil and District on date 04-Feb-2021 EMPANELMENT OF ADVOCATES I LAW FIRMS (54 of2002) and in exercise of powers conferred undersection 13(12) read with rule 3 of the Security Interest (Enforcement) Rules, 2002
2) Mrs. Sunita, Eighteen Lakh Forty - Haridwar Uttrakhand.
3) M/s Sunita Rs. 21,41,115/- (Rupees Twenty issued a demand notice on the date mentioned below in the table and stated hereinafter calling upon them to repay the amount within 60
One Thousand seven Reserve Price Earnest Money Deposit (EMD) N a t i o n a l S e e d s C o r p o r a t i o n Limited ( N S C ) p r o p o s e s to p r e p a r e a
Provision. One Lakh Forty One Thousand days from the date of receipt of said notice.
Hundred and Fifty Only) Rs.15,00,000/- Rs.1,50,000/- (Rupees One Lakh One Hundred and Fifteen Only)
(Prospect No. 837898 P a n e l of A d v o c a t e s / L a w Firms to r e p r e s e n t t h e C o r p o r a t i o n b e f o r e
(Rupees Fifteen Lakh Only) The borrower and guarantor having failed to repay the amount, notice is hereby given to the borrower and guarantor and the public in
Fifty Thousand Only)
t h e Hon'ble S u p r e m e C o u r t of India / Delhi High C o u r t / District
Last Date for general that the undersigned has taken possession of the property described herein below in exercise of powers conferred on him / her
Date of Inspection of property Date/timeof Auction Concerned Branch Address:- IIFL Home Finance Ltd., 2nd floor, Sant C o u r t s (Tis H a z a r i , K a r k a r d o o m a , Rohini, D w a r k a , P a t i a l a H o u s e ,
05—Mar— 2021 Submission of Offers 12-Mar-2021 Bhawan, Ranipur Road, Arya Nagar, Jwalapur, Haridwar - 249407 under section 13(4) of the said Act read with mle 8 of the said Act on the date mentioned below in the table.
S a k e t e t c . ) a n d other judicial a n d q u a s i judicial b o d i e s in Delhi / N e w The borrower and guarantor in particularand the public in general is hereby cautioned not to deal with the property and any dealing with
1100 his-1400 hrs 09-Mar-2021 till 5 pm. 1100 his -1300 his (Contact Person: Chanchal Sharma @ 8588822451)
Delhi. F o r details of t h e Qualifications, E x p e r i e n c e , S c h e d u l e of F e e s the property will be subjecttothe charge of Punjab&Sind Bank for the amount and interest thereon.
1. Dateofinspectionoftheimmovablepropertyis05-Mar-2021 between1100hrs-1400hrs.
2. Lastdateof submission of sealed offers inthe prescribed tenderfbrmsalong with EMDis0S-Mar-2021 till 5 pmatthe branch office address. / R a t e s , other t e r m s a n d conditions a n d t h e application f o r m a t for The borrower's attention is invited to provisions of sub-section (8) of section 13 of the Act, in respect of time available, to redeem the
3. DateofopeningoftheofferstbrthePiepertyis12-Mar-2021attheabovementionedbranchofficeaddiessat1100hrs-1300hrsthetenderwill be opened submission, p l e a s e visit o u r w e b s i t e w w w . i n d i a s e e d s . c o m .
in the presence crfthe Authorized Officer.
secured assets.
4. Further interest will be charged as applicable, as per the Loan Agreement on the amount outstanding in the notice and incidental expenses, costs, etc., is Description of the property Date of Demand Notice Amount
Name of Borrower
due and payable till its realization.
and Guarantor mortgaged I charged Date of Possession Outstanding (in Rs.)
5. The notice is hereby given to the Borrower and Guarantor, to remain present personally at the time of sale and they can bring the intending
buyeis/purchasers for purchasing the immovable property as described herein above, as per the particulars ofTerms and Conditions of Sale.
Smt. Chanda Devi w/o Sh. Plot No. 12-A, Property No. 2/12-A, Now Known as 07-12-2018 Rs. 15,13,393.99 (Rs
6. The Borrower(s)/Guarantor(s) are hereby given 30 DAYS SALE NOTICE UNDER THE SARFAESI ACT, 2002 to pay the sum mentioned as above before
the date of Auction failing which the immovable property will be auctioned and balance, if any, will be recovered with interest and costs. If the Borrower pays Vinod Kumar Gupta and Property No. C-2/166 out of Khasra No. 455, Village- Fifteen Lakh Thirteen
BO: Trlpolla Bazar, Jaipur, Ra|asthan I
the amountdueto IIFL Home Finance Limited infoilbefore the date of sale, auction is liabletobe stopped. Sh.VinodKumarGuptaS/o Nasirpur, Mahavir Enclave, Uttam Nagar, New Delhi 05-02-2021 Thousand Three
7. The EMD shall be payable through DD in favour of" IIFL Home Finance Limited." (IIFL HFL) payable at GURUGRAM and shall be submitted at the
Telephone No.- 0141-2567336, E-mail: bo1939@pnb.co.ln
Sh.Suryanarain Bounded as: North: Gali 8 Ft., South: Road 20 Ft., East Hundred Three Only)
concerned branch/Corporate Office.
8. For further queries and the detail terms and conditions of the auction sale are incorporated in the prescribedtenderform,Tenderformsare available at the
P O S S E S S I O N NOTICE (For I m m o v a b l e property/les) : Other's Property, West C h e r ' s Property plus further interest
above branch office or also you can reforwww.iffi.com or contact abovementioned authorized officer. (As per Appendix IV read with Rule 8(1) of the Security Interest (Enforcement) Rules, 2002) plus charges w.e.f.
9. The immovable property will be sold to the highest bidder. However, the undersigned reserves the absolute discretion to allow inter se bidding, if deemed Whereas, The undersigned being the authorized officer of the Punjab National Bank under the 97/12/2918.
necessary. Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Ad, 2002 Date: 95-92-2921, Place: New Delhi Authonsed Officer, Punjab & Sind Bank
10. Tendersthatare notfilleduportendeis received beyond last date will beconsidered as invalidtenderand shall accordingly be rejected. No interestshall be
(54 of2002) and in exercise of powers conferred under sedion 13(12) read with rule 3 of the Security
paid on the EMD.
Interest (Enforcement) Rules, 2002 issued a Demand Notice Dated 03.10.2019 Calling upon the
11. Companyisnotresponsibleforanyliabilitiesuponthepropertywhichisnotintheknowledgeofthecompany.
borrower Smt. Shilpi Saxena W/o Shri Yogesh Kumar Saxena and Shri Yogesh Kumar Saxena
For further details, contact Mr. Vikas Garg @ 8694800001, Email:-vikas.garg@iffi.com, Corporate Office: Plot No. 98, Phase-IV, Udyog Vihar, Gurugram,
S/o Shri Shanti Swaroop Saxena to repay the amount mentioned in the notice being Rs. 8,33,718/-
Haryana-122015. Place:-Haridwar Date: 06-Feb-2021 Sd/-Authorised Officer, IIFL Home Finance Limited
(Rupees Eight Lakh Thirty Three Thousand Seven HundFed Eighteen only) as on 31.07.2019
togetherwith further interest thereon at the contractual rata plus costs, charges and expenses till date
of payment within 60 days from the date of receipt of the said notice.
The borrower having failed to repay the amount, notice is hereby given to the borrower and the public
in general that the undersigned has taken possession of the property described herein below in
exercise of powers conferred on him/her under sub sedion (4) of the sedion 13 of the Ad read with
mle 8 of the Security Interest (Enforcement) rules, 2002 on this the 04th Day of Februaiy of the year
2021. The Bonower/Guarentor/Mortgagors in particularand the public in general is hereby cautioned
Circle Sastra Center-Alwar, Ph. No.0144-2700667, S A L E NOTICE F O R S A L E OF
DEMAND NOTICE not to deal with the property and any dealings with the property/ies will be subjedto the charge of the E-Mail:-coalwsamd@pnb.co.in, CS8184@pnb.co.in IMMOVABLE PROPERTIES
Under Section 13(2) of the SecuritisationAnd Reconstruction of Financial Assets And Enforcement of Security Interest Act, Punjab National Bank, Tripolia Bazar Branch, Jaipur, Rajasthan for an amount Rs. 8,33,718/-
2002 (the said Act.) read with Rule 3 (1) of the Security Interest (Enforcement) Rules, 2002 (the said Rules). In exercise of (Rupees Eight Lakh Thirty Three Thousand Seven Hundred Eighteen only) as on 31.07.2019 and E Auction Sale Notice for Sale of Immovable Assets under the 'Securtlsatlon and Recnnstructlnn of Financial Assets and Enforcement of
future interest theieon attire contractual rate plus costs, charges and expenses till date of payment. Security Interest Act 2902, read with provlson to Rule 8(6)and 9(1) of the Security Interest (Enforcement) Rules, 2002. Notice is hereby given to
powers conferred under Section 13(12) of the said Act read with Rule 3 of the said Rules, the Authorised Officer of IIFL Home
The Borrowers attention is invited to provision of sub sedion (8) of sedion 13 of the Ad, in resped of the public in general and in particular to the Borrower (s), Mortgagor (s) and Guarantor (s) that the below described immovable properties
Finance Ltd.(IIFL HFL) (Formerly known as India India Infoline Housing Finance Ltd.) has Issued Demand Notices under
time available, to redeem the secured assets. mortgaged/charged to the Secured Creditor, the Physical /Symbolic Possession of which has been taken by the Authorised Officer of Punjab
section 13(2) of the said Act, calling upon the Borrowers), to repay the amount mentioned In the respective Demand
National Bank Secured Creditor, will be sold on "As is where is", As is what is", and "Whatever thare is"on the date as mentioned in the table herein
Notice(s) Issued to them. In connection with above, notice Is hereby given, once again, to the Borrower(s) to pay within 60 DESCRIPTION OF THE IMMOVABLE PROPERTY below, for recovery of its dues due to the Bank/ Secured Creditor from the respective borrower (s), Mortgagor (s)and Guarantor (s). The Reserve
days from the publication of this notice, the amounts Indicated herein below, togetherwlth further Interest from the date(s) of All that part and parcel of Residential House No. 51/400, Pratap Nagar, Sanganer, Jaipur, price and the earnest money deposit as mentioned in the below.
Demand Notice till the date of payment. The detail of the Borrowers), amount due as on date of Demand Notice and security Rajasthan Admeasuring area 90 Sq. Mtrs. in the name of Smt. Shilpi Saxena W/o Shri Yogesh
offered towards repayment of loan amount are as under- Kumar Saxena and Shri Yogesh Kumar Saxena S/o Shri Shanti Swaroop Saxena. Bounded Name of the Branch (A) Date of Demand notice u/s. (A) Reserve Details of
by:- On the North by: Plot No. 51/401, On the South by: Plot No. 51/399 Description of the Price Date/time the
Nameofthe Description of secured asset(immovable property) 13(2) of SARFAESI Act, 2002
Demand Notice Date & Amount Name of the Account (Rs. in Lacs)
Borrower(s)/ On the East by: Plot No. 51/385, On the West by: Road Authorized Officer immovable of encum-
01-Feb-21 For Prospect No. 872542 Rs. All that piece and parcel of the property being : (B) Outstanding amount as on (B) EMD
Guarantor (s) Date: 04.02.2021, Place: Jaipur Punjab Nalional Bank properties e-auction brances
Property/ Plot measuring 1 Biswa 14.6 Biswansi, Name & Addresses
36,98,912.00/- (Rupees Thirty Six Lakh Ninety mortgaged/ Owner's known to
Mr. Rahul, Comprised in Khewat No. 253/313 Khasra No. 176/1 ( of the Borrower/ (C) Possession Date u/s 13(4)
Eight Thousand Nine Hundred Twelve Only) (C)Bid Increase
Mr.Dharam Vir, 7-12), admeasuring 7 Bigha 12 Biswa 0 Biswansi to the Name (Mortgagors of SARFAESI Act 2002 the
and Prospect No. 891635 Rs. 10,82,029.00/- extent of 520/102144 share which come to 0 Bigha 0 Guarantors/Mortgagor Amount
Mrs.Manju Devi of property/ies) (D) Nature of Possession secured
(Rupees Ten Lakhs Eighty Two Thousand Biswa 15.4 Biswansi and Khewat No. 206/259, Khasra Account (D) Inspection
(Prospect No. Symbolic/Physical/Constructive Date& Time creditors
Twenty Nine Only) No. 144 (0-2), 179/1 (0-9), 270/2 (0-5), 176/2 (0-9),
872542 &
admeasuring 1 Bigha 5 Biswa 0 Biswansi to the extent Jai Narayan Vyas Colony, Bikaner (Raj.) PNBIET College, Alwar All that part and parcel of the A) 07.01.2020 A) Rs.
891635) 25/02/2021 Not
of 26/672 share which come to 0 Bigha 0 Biswa 19.2.
Ph. 0151-2222035 Email: vijai@bankofbaroda.co.in Smt. Kavita Rani W/o late residential house of Smt. Kavita B) Rs. 9,50,673.33 as on
10.00 Lakh
Known
Biswansi, total measuring 0 Bigha 1 Biswa 14.6 Rani W/o late Gordhan Das Doltani From
Biswansi Situated in the revenue estate Village E-AUCTION SALE NOTICE FOR SALE OF IMMOVABLE PROPERTY Gordhan Das Doltani
consisting of land, building, 17.08.2020 + payable with B) Rs.
NathupurTehsil&Distt. Gurugram, 122001, Haryana. (626600NCQQQ00175) further interest w.e.f. 1.00 Lakh 11:00 AM
" A P P E N D I X - IV-A [ S e e proviso to rule 8 ( 6 ) r e a d w i t h rule 9 ( 1 ) ] structures, erections, installations,
Mr. Dharmendra 01-Feb-21 For Prospect No. 887463 Rs. All that piece and parcel of the property being : E-Auction Sale Notice for Sale of Immovable Asset under the Securitisation and
Smt. Kavita Rani W/o etc. situated at Plot No. 34 (East
l a t e G o r d h a n Das Side Part) Khasra No. 286,
01/09/2019 and expenses
until payment made in full
D B to

Singh, D.S Dairy 8,24,937.00/- (Rupees Eight Lakh Twenty Four Khasra No. 148K, admeasuring 522 sq. ft., Sheetal Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read D) 01:00 PM
with proviso to rule 8(6) read with rule 9(1) of the Security Interest (Enforcement) Rules, Doltani, Sh. Deepak Daudpur, Alwar, Rajasthan.
Mrs.Geeta Devi Thousand Nine Hundred Thirty Seven Only) Dham Colony, Mauja Kehrai, Agra, 282001, Uttar C) 18/08/2020
2002. Notice is hereby given to the public in general and in particular to the Borrower, Kumar Doltani S/o late Admeasuring About 131.96 Sq. 23/02/2021
(Prospect No. and Prospect No. 874120 Rs. 7,68,965.00/- Pradesh,India
Mortgagors) and Guarantor(s) that the below described immovable property mortgaged to the Gordhan Das Doltani Yards. Bounded as under: East: D) Symbolic Possession from
887463 & (Rupees Seven Lakhs Sixty Eight Thousand
Secured Creditor, possession of which has been taken by the Authorised Officer of Bank of A d d . - H . N o . 3 5 8 , Johad, West: Plot no. 34 (Front side
874120) Nine Hundred Sixty Five Only) 11:00 AM
Baroda, Secured Creditor, will be sold on "As is where is", "As is what is", and "Whatever Scheme No. 3, Basant part), North: Plot no. 35 & common
02-Feb-21 For Prospect No. 742692 All that piece and parcel of the property being: Vihar, Alwar, Raj. gallery, South: Plot No. 33
Mr. Ajay there is" basis for recovery of dues in below mentioned account. The details of Borrower(s) to 03.00 PM
Kumar, Mrs. Rs. 19,02,944.00/- (Rupees Nineteen Flat no. 1909, in Tower/Block G7/G7, area /Mortgagor(s)/ Guarantor(s) /Secured Asset/sI Dues/ Reserve Price/e-Auction date & Time, All that part and parcel
Tej Mandi, Alwar Branch A) 08.09.2020 A) Rs. 42.1t 25/02/2021 Not
Vimla Kumari, EMD and Bid Increase Amount are mentioned below- of Extension of Charge
Lakh Two Thousand Nine Hundred measuring 965 Sq. ft (Super Area), in the project Lacs
Cash Credit Account- M/s Tractor B) From Known
(Prospect Forty Four Only) and Prospect No. called "Eco Village-3", situated at Plot no. GH- Name & address Mr. Mohammad Ishak S/o Sri Yasin Khan (Borrower), Near Silawato Ki by way of Equitable
B) Rs. 4.21
Trading Company, Address:53, Tej
No. 742692 746229 Rs. 1,12,384.00/- (Rupees One 06, Sector-16-B, Greater Noida, Gautam Budh of Borrower/s I Masjid, Sarvodya Basti, Bikaner (Raj.) 334004 M o r t g a g e of a Rs. 4,53,41,281.72 11:00 AM
Mrs. Hasan Bano W/o Mohammad Ishak (Co-Borrower), Near Silawato Mandi, Sadar Thana Road, Alwar- Residential Flat No. 203, Lacs
& 746229) Guarantor/s as on 31.07.2020
Lakh Twelve Thousand Three Hundred Nagar, Uttar Pradesh Pincode: 201303 Ki Masjid, Sarvodya Basti, Bikaner (Raj.) 334004 301001 Orchid Residency, Moti C) Rs. to
Eighty FourOnly) Mr. Nek Mohammad S/o Sri Yasin Khan (Guarantor), Near Silawato Ki Shri Bhagwan Sahay Gupta S/o Shri Dungri, Alwar, Plus payable with further
25,000/- 01:00 PM
Masjid, Sarvodya Basti, Bikaner (Raj.) 334004 Ghisa Ram G u p t a . Rajasthan Admeasuring interest and expenses (Twenty
Mrs. Shanti 02-Feb-21 For Prospect No. 868029 All that piece and parcel of the property being: (Proprietor/Mortgagor), Address: 1050.61 Sq.Ft. vide sale
Demand Notice 02.06.2017; Total Rs. 19,19,086/- (Rupees Nineteen Lacs Nineteen Thousand payment paid in full Five
Devi, Miss. Rs. 15,23,217.00/- (Rupees Fifteen Property No B-62A, Plot No 6 , 2 n d Floor Front Flat No. 203, llnd Floor, Orchid deed no. 2008002055
Date and Total Eighty Six Only) together with further interest thereon with effecr from (Less recovery if any). Thousand
Nisha Nair, Mr. Lakh Twenty Three Thousand Two Side, Bindapur Extension, Uttam Nagar, West 01.06.2017 at contractual rates together with cost, charges & other untill Residency, Moti Dungri, Alwar-301 dated 29.03.2008 in the
Dues:-
payment orrealization. 001. Smt. Rajni Khandelwal W/o name of Shri Bhagwan only)
Rajender Hundred S e v e n t e e n Only) a n d Delhi, Delhi, India
Present Dues: Rs. 18,58,844/- as on 02.02.2021 + further application interest, Shri Bhagwan Sahay Gupta Sahay Gupta S/o Shri
Kumar, Prospect No. 920747 Rs. 93,623.00/- cost,charges otherexpensesetc. G h i s a Ram G u p t a D)
(Guarantor), Address: Flat No. 203,
(Prospect No. (Rupees Ninety Three Thousand Six Status of Possession:- Physical Possession Bounded by- East: Flat C) 20.11.2020 23/02/2021
llnd Floor, Orchid Residency, Moti
868029 and Hundred and Twenty Three Only) Entry, West: Open, from
Date & Time of inspection of property: 16/02/2021, From 12:00 Noonto04:00 P.M. Dungri, Alwar-301001 D) Symbolic Possession
920747) North: Flat No. 204, 11:00 AM
Housing Loan A/c and
Description of the immovable property (as Reserve Price Date & Time South: Open. to 03.00 PM
If the said Borrowers fail to make payment to IIF HFL as aforesaid, IIFL HFL may proceed against the above secured assets per records available with the bank) EMD Housing Personal Loan A/c
under Section 13(4) of the said Act, and the applicable Rules, entirely at the risks, costs and consequences of the Borrowers. of E-auction:
Bid Increase Amount Shri Bhagwan Sahay Gupta S/o Shri Ghisa Ram Gupta (Borrower/Mortgagor), Address:Flat No. 203, llnd Floor, Orchid Residency,
For, further details please contact to Authorised Officer at Branch Office :IIFLHFLA-1C&A-1D, 2nd floor, NoidaSec16, Moti Dungri, Alwar-301 001. Smt. Rajni Khandelwal W/o Shri Bhagwan Sahay Gupta (Co-Borrower), Address:Flat No. 203, llnd
Noida, Gautam Budh Nagar- 201301 and Unit No 309, Third Floor, Padam Business Park, Plot no. INS-1, Sector 12A, Awas Residential House situated at sarvodya basti, Rs. 16,19,000/- 23/02/2021
Floor, Orchid Residency, Moti Dungri, Alwar- 301 001
Vikas, Sikandra Yojna, Agra, 282007 and Plot No.98,Udyog Vihar, Phase-IV, Gurgaon Haryana -122015 and Plot No. Bikaner patta s. no. 2552 dtd 11.09.2013, size 12.00 P.M.to12.30
452.67 sq ft in the name of Mr. Mohammad Rs. 1,61,900/- TERMS AND CONDITIDNS-1. The sale shall be subject to the Terms & Conditions prescribed in the Security Interest (Enforcement) Rules 2002
30/30E, Upper Ground Floor, Main Shivaii Marg, Najafgarh Road, Beside Jaguar Showroom,Moti Nagar, New Delhi/or P.M. (With unlimited
and to the following further conditions: 2. The properties are being sold on,, AS IS WHERE IS BASIS and "AS IS WHAT IS BASIS" and "WHATEVER
Corporate Office: IIFLTower, Plot No. 98, Udyog vihar, Ph-iV Gurgaon, Haryana Ishak S/o Yasin Khan. Bounded by: East: Res. extensions of 10 THERE IS BASIS" 3. The particulars of Secured Assets specified in the Schedule hereinabove have been stated to the best of the information of the
Place: Delhi,Agra, Noida and Gurgaon Nek Mohammad, West: Rasta, North: Res. Rs. 25,000/- min. each) Authorised Officer, but the Authorised Officer shall not be answerable for any error, misstatement or omission in this proclamation. 4. The Sale will
Sd/- Authorised Officer, For IIFL Home Finance Ltd Abdul Razzak, South: Rasta. be done by the undersigned through e-auction platform provided at the Website https://www.mstcecommerce.com on 25/92/2021 as per the
Date: 06.02.2021
For detailed terms and conditions of the sale, please refer to the link provided in timings given in the table. 5. For detailed term and conditions of the sale, please refer www.ibapi.in.www.tenders.oov.in.
htbis://www.bankolbaroda.ln/e-auctlon.hlm and https://lbanl.ln. www.mstcecommerce.com.https://eDrocure.oov.in/eoublish/aop. www.pnbinjia.in
Date: 05/02/2021 Place: Bikaner (Raj.) Authorised Officer, Bank of Baroda Date' 04/92/2021 Authorized Officer,
Place: Alwar STATUTORY 15 DAYS SALE NOTICE UNDER RULE 8(6)REAP WITH 9(1) OF THE SARFAESI ACT, 2992 Pun |ah National Bank

AGVQS
S.E.RAILWAY - CORRIGENDUM
C o r r i g e n d u m for e - T e n d e r Notice
No. E-Dy-11000-TP-21, uploaded
AAVAS FINANCIERS LIMITED
(Formerly k n o w n as A u H O U S I N G FINANCE L I M I T E D ) (CIN:L65922RJ2011PLC034297)
\ A P K E, SAATH HA MA Regd. & Corp. Office: 2 0 1 - 2 0 2 , 2 n d Floor, South End Square, Mansarovar Industrial Area, Jaipur. 3 0 2 0 2 0
i n w w w . i r e p s . g o v . i n on d a t e d
2 8 . 0 1 . 2 0 2 1 , Para no. 1 Sub-para F AUCTION NOTICE
of Special terms a n d condition of Auction Sale Notice for Sale of I m m o v a b l e Assets u n d e r t h e Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest A c t , 2 0 0 2 r e a d w i t h
proviso t o Rule 8 ( 6 ) of t h e Security Interest ( E n f o r c e m e n t ) rules, 2 0 0 2
tender document should be read as: Notice is h e r e b y given t o t h e public in general and in particular t o t h e Borrower (s) a n d G u a r a n t o r (s) t h a t t h e b e l o w described i m m o v a b l e p r o p e r t y m o r t g a g e d / c h a r g e d t o
" P V C c l a u s e w o u l d b e applicable t h e Secured Creditor, t h e physical possession of which has been t a k e n by t h e A u t h o r i s e d Officer of A A V A S F I N A N C I E R S L I M I T E D ( F o r m e r l y k n o w n as "Au H O U S I N G Q f f i & i BAJAJ F I N A N C E LIMITED
F I N A N C E L I M I T E D " ) Secured Creditor, will be sold on "As is w h e r e is"," As is w h a t is", and ' W h a t e v e r t h e r e is" basis. T h e details o f t h e cases a r e as under.
for this c o n t r a c t " and Para 6 Registered Office: Mumbai-Pune Road, Akurdi, Pune, Maharashtra-411035.
Column 3 of Scope of Work offender Date& Date Earnest Place of Tender Branch Office: Off. No. 1152 & 1351,11 & 13 Floor,Aggarwal Metro Heights, Plot - E5, Netaji Subhash Place,Pitampura,
N a m e of Borrowers/ Reserve Date&
Amount of of Description of Money Submission, Tender
document should be read as " 4 9 0 0 Co-Borrowers/ Dues As on Price For Time of New Delhi - 1 1 0 034. Branch Office: Vishwakarma Tower 1 st floor, R No. 304 lllrd a Road Opp Basant Vihar, Sardarpura,
13(2)Demand Poss- Property For Open 8t Auction at
Guarantors/Mortagors Property Jodhpur, Rajasthan- 342003 Branch Office: 5th Floor, Mangalam's Ambition Tower D-46-B, Malan Ka Chauraha,
B O X N / B O X N H S etc. & 1 0 0 B O X N
Notice ession Property Auction Aavas Financiers Ltd.
L W " . All other terms & conditions of Agrasen Circle, Subhash Marg, C Scheme, Jaipur, Rajasthan - 302001

POSSESSION NOTICE
Sher Singh Raghav, Aarti Devi Rs. 13-NOV-19 14- Plot No. 2 3 , Block C, Flat No. C-23, 3rd Rs. Rs. 11:00AM 1st Floor, B-38,
the e-tender wil be same as already A/CNOLLNDEL02216-170032317 1909907.41/- Rs. Dec- Floor, Shyam Enclave, Vill.-Pasonda 1408640/- 140864/- To 1 : P M Parijaat Bhawan,
published. (PR-511/C) Dues as o n 14,86,446.41/- 2020 Pargana Loni, Tehsil & Distt.- Ghaziabad, on 8 - M a r - RDC Raj Nagar, U/s 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002. Rule 8-
05-Feb-21 Dues as on U P. Admeasuring 42 Sq. Yard. 2021 Ghaziabad - 2 0 1 0 0 2 ,
(1) ofthe Security Interest (Enforcement) Rules 2002. (Append ix-IV)
13-Nov-19 Uttar Pradesh, India
Whereas, the undersigned being the Authorized Officer of M/s BAJAJ FINANCE LIMITED (BFL) under the Securitization and
Terms & Conditions: 1). The person, taking part in t h e tender, will have to deposit his offer in t h e t e n d e r f o r m provided by t h e AFL which is t o be collected f r o m t h e a b o v e
EASY FINCORP LIMITED branch offices during working hours of any working day, super scribing "Tender Offer for n a m e o f t h e property "on t h e sealed envelope along w i t h t h e C h e q u e / D D / p a y o r d e r of
Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 and in exercise of powers conferred under section
10% o f t h e Reserve Price as Earnest M o n e y Deposit ( E M D ) in favour of AAVAS FINANCIERS L I M I T E D payable at Jaipur o n / b e f o r e t i m e of auction during office hours a t t h e 13(2) read with Rule 3 ofthe Security Interest (Enforcement) Rules 2002, issued Demand Notice(s) to Borrowers) /Co Borrowers)/
CIN: L65920MH1984PLC118029
above m e n t i o n e d offices. The sealed envelopes will be opened i n t h e presence o f t h e available interested parties at above m e n t i o n e d office of AAVAS FINANCIERS L I M I T E D Guarantor(s) mentioned herein below to repay the amount mentioned in the notice within 60 days from the date of receipt of the said
Regd. OK: c/o: SAREGAMA INDIA LTD, (Formerly k n o w n as "Au H O U S I N G F I N A N C E L I M I T E D " ) The Inter-se bidding, if necessary will also take place a m o n g t h e available bidders. The E M D is refundable if t h e bid is
2nd Floor, Universal Insurance Building, P notice. The Borrowers) /Co Borrower(s)/ Guarantor(s) having failed to repay the amount, notice is hereby giventothe Borrower(s) /Co
not successful. 2). The successful bidder will deposit 2 5 % o f t h e bidding a m o u n t adjusting t h e E M D a m o u n t as initial deposit i m m e d i a t e l y or within 24hrs after t h e fall o f t h e
M. Road, Fort, Mumbai - 400 001 h a m m e r towards t h e purchase o f t h e asset. The successful bidder failing t o deposit t h e said 2 5 % towards initial payment, t h e entire E M D deposited will be forfeited & balance Borrower(s)/ Guarantors) and the public in general that the undersigned on behalf of M/s Bajaj Finance Limited, has taken over the
a m o u n t o f t h e sale price will have t o be deposited within 15 days after t h e confirmation of t h e sale by t h e secured creditor; o t h e r w i s e his initial p a y m e n t deposited a m o u n t will possession of the property described herein below in exercise of the powers conferred on him under Section 13(4) of the said Act read
NOTICE
be forfeited. 3). The Authorised officer has absolute right t o accept or reject any bid or a d j o u r n / p o s t p o n e t h e sale process w i t h o u t assigning any reason t h e r e f o r e . If t h e d a t e of
Pursuant to Regulation 29 read with with Rule 8-(1) ofthe said rules. The Borrowers) /Co Borrower(s)/ Guarantor(s) in particularand the public in general are hereby
t e n d e r depositing or t h e date of t e n d e r opening is declared as holiday by G o v e r n m e n t , t h e n t h e auction will be held on next working day. 4 ) . For inspection and Interested
Regulation 47 of the Securities and Exchange parties w h o w a n t t o k n o w a b o u t t h e procedure of t e n d e r may contact AAVAS FINANCIERS L I M I T E D (Formerly known as"Au H O U S I N G F I N A N C E L I M I T E D " ) 2 0 1 , 2 0 2 , llnd cautioned not to deal with the below said property and any dealings with the said property will be subjecttothe first charge of BFL tor the
Board of India (Listing Obligations and Floor, South End Square, Mansarovar Industrial Area, j a i p u r - 3 0 2 0 2 0 or Jollee Kumar S h u k l a - 9 3 5 8 8 2 4 1 8 7 or respective branch during office hours. N o t e : This is also a 1 5 / 3 0 amount(s) as mentioned herein underwith future interest thereon.
days notice under Rule 9 ( l ) / 8 ( 6 ) t o t h e B o r r o w e r s / G u a r a n t o r s / M o r t g a g o r of t h e above said loan accounts a b o u t t e n d e r inter se bidding sale on t h e above m e n t i o n e d date. T h e
Disclosure Requirements) Regulations Name of the Borrowers) / Guarantor(s) Description of Secured Asset Demand Notice Date of
property will be sold, if their out standing duesare not repaid in full.
2015, Notice is hereby given that a Meeting (LAN No, Name of Branch) (Immovable Property) Date and Amount Possession
of the Board of Directors of the Company is Place: Jaipur Date : 06-02-2021 Authorised Officer Aavas Financiers Limited Branch: Delhi All that part and parcel ofthe non-agriculture 14th September 03rd
scheduled to be held on Friday, 12,h Februaiy, LAN: 4010HL51607325 and properties situated at, comprised in and 2020 February
2021 to inter- alia consider and approve the 4010HL51612829 bearing description: 2021
Unaudited Financial Results of the Company Borrower's: / Co - borrower's PLOT NO J-2849 FIRST FLOOR BLOCK-J, Rs. 54,25,048/-
for the quarter and nine months ended 31 st S A M B r a n c h , First Floor, 1 7 P a r l i a m e n t Street, SAINIK COLONY SEC-49 HARYANA
1. BIPIN BIHARISAHOO (Through Legal (Rupees Fifty
December, 2020. N e w D e l h i - 1 1 0 0 0 1 (Ph. 0 1 1 - 4 0 2 3 0 1 6 6 ) FARIDABAD FARIDABAD121001
Heirs) (BORROWER) Four Lac Twenty
For Easy Fincorp Limited Email:br.samlb_newdelhi@allahabadbank.in
Sd/- 2.PURNA CHANDRA SAHOO (CO- North: Property No 2848 Five Thousand
armbdelhi@indianbank.co.in East: Other Property Forty Eight Only)
Place: Kolkata Girirej Ratan Kothari BORROWER)
Dale: 05/02/2021 Company Secretary H 1 2 2 THIRD FLR GAUTAM NAGAR DELHI South: Vacant Plot
"APPENDIX- IV-A" [See provison to rule 8 (6)] West: Road
110049
SALE NOTICE FOR SALE OF IMMOVABLE PROPERTIES
NIT, Govt, of West Bengal
Branch: Jodhpur All that part and parcel ofthe non-agriculture 24th September 05th
E - A u c t i o n S a l e Notice for S a l e of I m m o v a b l e A s s e t s u n d e r t h e S e c u r i t i z a t i o n a n d R e c o n s t r u c t i o n of Financial A s s e t s a n d LAN: 5060HL18664191 & 5060HL18667754 properties situated at, comprised in and 2020 February
Tender is hereby invited by the E n f o r c e m e n t o f S e c u r i t y I n t e r e s t A c t , 2 0 0 2 r e a d w i t h p r o v i s o t o R u l e 8 (6) o f t h e S e c u r i t y I n t e r e s t ( E n f o r c e m e n t ) R u l e s , 2 0 0 2 . Borrower's: / Co - borrower's bearing description: Rs. 78,74,092/- 2021
Executive Engineer, PWD, Notice is hereby given to the public in general and in particular to the Borrower(s) and Guarantor(s) that the below mentioned immovable property/ies 1. Meena Devi Aggarwal (BORROWER) PLOT NO 63 KH 12/3 VILLAGE BASNI (Rupees
Kolkata IT Division, Main mortgaged/charged/hypothecated/pledged to the Secured Creditor (Indian Bank e-Allahabad Bank), the constructive possession mentioned below of which has been taken by the 2. Kamal Kishore Aggarwal CHOUHAN DIST JODHPUR - Seventy Eight
Block, Ground Floor, Writers' Authorized Officer of e-Allahabad Bank (Now Indian Bank) Secured Creditor, will be sold on "As is where is", "As is what is", and "Whatever there is" Basis on 28.12.2020, for (CO-BORROWER) RAJASTHAN Lac Seventy
Buildings, Kolkata -700001 recovery of amount as mentioned below, due to the Secured Creditor from Borrowers, Guarantors and Mortgagors. The reserve price is mentioned below and the earnest money to be Both at Plot No 63 Nav Durga Mandir Road North:-Plot No. 67 East:-Plot No. 62. South Four Thousand

from the eligible contractors deposited is mentioned respectively. Jodhpur-342001 30 Feet road &west Plot No. 64 Ninety Two
Only)
for the following works. Name On 26.02.2021 from 11.00 a.m. to 4.00 p.m. under SARFAESI Act 2002
of Work: "Providing Recharge Name of the Name of the Guarantor (s) Details of Immovable Physical I Amount of Mills of Encumbnna Reserve Price Branch: Delhi All that part and parcel ofthe non-agriculture 26th September 03rd
Outstanding duel of Ldcal
of DTH (Direct to Home) TATA Borrowers) /Mortgagor Property/ies Constructive Secured Debt Self GdvL and Govt Earnest Money Deposit LAN: 4010HL02891852 and properties situated at, comprised in and 2020 February
SKY TV Service (Direct Board Possession as on 14.09.2020
lie. if wy known to Bank Min Incremental
4010HL23937603 bearing description: Rs. 93,66,128/- 2021
Cast Satellite Television) with (ill) (vi) Amount
Borrower's: / Co - borrower's Entire 2nd floor with roof rights property (Rupees Ninety
(II) (iv) M (vii)
full HD and Non HD Mega 1. PARMINDER SINGH PURI (BORROWER) No: 11/68-B, Tilak Nagar, NewDelhi 110018. Three Lac Sixty
Mr. Dheeraj Bajaj & Mr. Prakash Chand H.No. 158-159, Block-C, Pkt-5. Symbolic Rs. 29.82 Lacs as on All original Rs. 15.77 Lacs 2. SIKHA PURI (CO-BORROWER) North Road Six Thousand
Packs at Banga Bhawan and Mrs. Indu Bajaj freehold entire 2nd Floor, without roof Possession 06.11.2020 along with Documents
W I P Guest House (Bangla Rs. 1.58 Lac Both A t : - 24/19 AB, Tilak Nagar, New East Property No 11/68-A One Hundred
rights, area measuring 31.69 sqms further Interest till date seized by PS,
Delhi 110018. South Service Land/Gali Twenty Eight
Bhawan, Chanakyapuri) at Branch SAM, New each, Sector-6, Rohini, New Delhi-
of realization of Bank's Rohini due to Rs. 0.50 Lac
dues + expenses, etc dispute raised by West Property No 11/69-A Only)
New Delhi (Forthe period of 12 Delhi 110085 standing in the name of Sh.
w.r. to account Mr. a Third Party.
months) [Job No.: KIT/RW/95 Dheeraj Bajaj & Smt. Indu Bajaj Dheeraj Bajaj & Mrs.
Branch: Jaipur All that part and parcel ofthe non-agriculture 24th September 03rd
of 20-21]" e-TENDER No. respectively. Indu Bajaj LAN: 4190HL16265118 & properties situated at, comprised in and 2020 February

W B P W D / E E K I T / E - N I T -
077/T/20-21. Tender
2021_WBPWD_323930_1.
Bid Submission Closing :
22.02.2021 up to 03:00 pm.
For d e t a i l s i n f o r m a t i o n /
downloading / uploading etc.
may v i s i t the W e b s i t e : -
https://wbtenders.gov.in.
Corrigendum or Addendum if
issued will be published only
on website. _ (C.O. 254-260, AVVAI S H A N M U G A M SALAI, ROYAPETTAH, C H E N N A I - 6 0 0 0 1 4 )
Sd/-
Executive Engineer, PWD
Kolkata IT Division
4190HL05599083 bearing description: 2021
Date and Time of e-Auction On 26.02.2021 between 11.00 a.m. to 4.00 p.m. with unlimited extensions of 10 minutes Borrower's: / Co - borrower's Flat No. 105, P.No. D-29, Ashiyana Rs. 84,60,374/-
ID: each. Minimum Bid incremental amount is as mentioned above. 1. DEEKSHA SHARMA (BORROWER) Apartments, shantipath, Patrakar Colony (Rupees Eighty
For further details and Terms & Conditions, contact: SAM Branch, First Floor, 17, Parliament For downloading further details and Terms & Conditions, please visit: Jaipur Rajasthan-302004
2. INDRESH KUMAR SHARMA Four Lac Sixty
Street, New Delhi-110001 (Ph. 011-40230166) (i) https://www.tenders.gov.in (ii) www.mstceccomerce.com/auctionhome/ibapi/index.jsp Boundaries:- North:- Jawahar Nagar Police Thousand Three
(CO-BORROWER)
Email: armbdelhi@indianbank.co.in (iii) https://www.ibapi.in (iv)https://www.indianbank.in 3. ANOOP KUMAR AGNIHOTRI Station South:- Plot No. D 28, East:-Nallah & Hundred Seventy
(CO-BORROWER) West 60 Feet Road Four Only)
Important note for the prospective bidders: Bidders have to complete the following formalities well in advance:
ALL Residing at: D-29,204 Ashiana
• Step 1 Bidder/Purchaser Registration: Bidder has to register on e-auction portal (link - www.mstcecommerce.com/auctionhome/ibapi/index.jsp) using his mobile number and email
Apartments, Near Jawahar Apartments,
id. • Step 2 KYC Verification: Bidder to upload requisite KYC documents. KYC documents shall be verified by e-auction service provider for which it may take up to 2 working days.
Police Station, Jaipur-302004
• Step 3 Transfer of EMD Amount to His Global EMD Wallet: Online/Offline transfer of funds using NEFT/Transfer mode, using the challan generated on e-auction portal.
4. ANGEL MARKETING (CO-BORROWER)
THE ABOVE MENTIONED STEPS SHOULD BE COMPLETED BY THE BIDDERS WELL IN ADVANCE, i.e. BEFORE THE AUCTION DATE.
Carrying on business at:- AT 291/2 STREET
NO 2, NEAR DODH PLACE PANCHWATI
MARG RAJAPARK, JAIPUR-302004
Place: N e w Delhi Authorised Officer
Place: Delhi / Jodhpur / Jaipur Date: 06.02.2021 For M/s Bajaj Finance Limited, Authorized Officer,
Date: 05.02.2021 Indian B a n k
18
>
NEW DELHI | 6 FEBRUARY 2021 1

When will life N AERO INDIA 2021 N

return to normal? HAL’s basic trainer aircraft comes in from the cold AJAI SHUKLA ne’s successors gradually accepted ~50 crore, with ~6 crore added on as engine in the same production unit.

In seven years Yelahanka, Bengaluru, 5 February this indigenous basic trainer. Mea-
nwhile, the IAF began experiencing
amortisation of development costs.
HAL has funded the HTT-40
Sources indicate that HAL will buy
close to 130 Honeywell engines — 108

TOM RANDALL needed to hit the 75 per cent
5 February threshold will fall.
The calculations will be
O
vershadowed by the spotlight
on the Indian Air Force (IAF)
ordering 83 Tejas Mark 1A
fighters was the IAF’s request for pro-
posal (RfP) to Hindustan Aeronautics
Limited (HAL) on Thursday for build-
ing up to 108 indigenous HTT-40 basic
trainer aircraft.
Ironically, the IAF’s deputy chief
handed over the RfP on the tarmac of
the Yelahanka Air Base at precisely the
spot where, in Aero India 2013, IAF
chief, Air Chief Marshal NAK Browne,
had ordered a displayed HTT-40 to be
removed, dismissively stating: “There
is no need for this aircraft.”
As the HTT-40 has advanced swift-
ly through its development cycle, Brow-
difficulties with maintaining the
Swiss Pilatus PC-7 Mark II basic
trainer, which Browne had wanted
more of instead of the HTT-40.
“The HTT-40’s RfP has come
within six years from the first
flight… which is the shortest time-
line in (India’s) aircraft industry,”
stated a defence ministry release.
The current IAF chief, Air Chief
Marshal RKS Bhadauria, is a strong
supporter of indigenous aircraft such as
the Tejas and the HTT-40. IAF pilots are
already flying in the HTT-40 to assess
its capabilities under what is called
“User Assessment Technical Trials”.
The IAF’s RfP is for 70 HTT-40
trainer aircraft with a provision for 38
programme entirely from its inter-
nal funds. It is understood that the
HAL board sanctioned, over the
years, about ~600 crore for the
basic trainer’s design and devel-
opment. Besides those costs, the
money has also paid for two pro-
HAL’s HTT-40 totype aircraft and 550 test flights.
The issue of an RfP unlocks the
more. Defence ministry sources indi- door for HAL to begin contracting for
cate that it is possible that the 38 follow- engines for the basic trainer. The
on option trainers could be a engine selected is the Honeywell
weaponised version of the trainer, TP331-12B, which is almost identical to
offered to the IAF as a light attack air- the Honeywell engine that HAL already
craft. It could also be marketed as such builds in Bengaluru for the Dornier 228
in the export market. aircraft that it manufactures in Kanpur.
Business Standard learns that the HAL intends to transfer technology
HTT-40 will be priced at about from Honeywell to build the HTT-40’s
for the trainers ordered and 22 spare
engines. Each of the prototype engines
have cost almost ~7 crore.
HAL sources say the HTT-40 is in
the final stages of spin trials, the make-
or-break capability demonstration for
a basic trainer. Production planning
for building the trainer is already
under way.
The HTT-40 is a propeller-driven,
turbo-prop aircraft for “Stage-1” train-
ing of rookie pilots. After 80 hours of
training on the HTT-40, pilots move
on to “Stage-2” training on the HAL-
built Kiran Mark II jet trainer. Those
selected to fly fighter aircraft move on
to “Stage-3” training on the Hawk
advanced jet trainer (AJT).

W
hen will the pandem-
ic end? It’s the ques-
tion hanging over
just about everything since
Covid-19 took over the world
last year. The answer can be
measured in vaccinations.
Bloomberg has built the
biggest database of Covid-19
shots given around the world,
with more than 119 million
doses administered world-
wide. US science officials such
as Anthony Fauci have sug-
gested it will take 70-85 per
cent coverage of the popula-
tion for things to return to nor-
mal. Bloomberg’s Vaccine
Tracker shows that some coun-
tries are making far more rap-
id progress than others, using
75 per cent coverage with a
two-dose vaccine as a target.
Israel, the country with the
highest vaccination rate, is
headed for 75 per cent coverage
in just two months. The US will
get there just in time to ring in
the 2022 New Year. With vacci-
nations happening more rap-
idly in richer Western coun-
tries than the rest of the globe,
it will take the world as a whole
seven years at the current pace.
Bloomberg’s calculator pro-
vides a snapshot in time,
designed to put today’s vacci-
nation rates into perspective. It
uses the most recent rolling
average of vaccinations, which
means that as vaccination
numbers pick up, the time
volatile, especially in the early
days of the rollout, and the
numbers can be distorted by
temporary disruptions.
For example, New York’s
target date was briefly pushed
out to 17 months this week after
a winter blizzard prevented
some from getting vaccinated
(it’s now back down to 13
months). Likewise, Canada’s
vaccination rate dropped by
half in recent weeks following
reports of delayed vaccine
shipments. Based on Canada’s
latest rate of inoculations it
would take more than 10 years
to reach 75 per cent coverage.
That might serve as a wake-up
call to Canadian politicians
and health officials, but it does-
n’t mean the country is
doomed to a decade of social
distancing. Canada has con-
tracts to buy more vaccine dos-
es per person than any other
country, and its vaccination
rates are expected to climb.
The pace is likely to accel-
erate further as more vaccines
become available. Some of the
world’s biggest vaccine-man-
ufacturing hubs in India and
Mexico are only just getting
started. More than 8.5 billion
doses of vaccine have been
contracted by countries
through more than 100 agree-
ments tracked by Bloomberg.
Only a third of countries have
even begun their vaccination
campaigns. BLOOMBERG