Ref: Sec/SE/194/2021-22 August 17,2021 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 531213 National Stock Exchange of India Limited 5th Floor, Exchange Plaza Bandra (East) Mumbai – 400051 Scrip Code: MANAPPURAM Dear Madam/Sir Sub: Newspaper advertisement pursuant to Rule 20 of Companies (Management and Administration Rules) 2014 regarding the e-voting procedures for the Annual General Meeting to be held on 10 th September 2021 Please find enclosed herewith the copy of Newspaper Advertisement published on 17 th August 2021 in Mathrubhumi (Thrissur Edition) and Business Line (All India Edition), of e-voting procedures to be followed by members for voting at the Annual general meeting to be held on 10 th September 2021. Kindly take the same on your record. Thanking You. Yours Faithfully For Manappuram Finance Limited Manoj Kumar V R Company Secretary Ph; +91 9946239999
National Stock Exchange of India Limited 5th Floor, Exchange Plaza Bandra (East) Mumbai – 400051 Scrip Code: MANAPPURAM
Dear Madam/Sir Sub: Newspaper advertisement pursuant to Rule 20 of Companies (Management and Administration Rules) 2014 regarding the e-voting procedures for the Annual General Meeting to be held on 10th September 2021 Please find enclosed herewith the copy of Newspaper Advertisement published on 17th August 2021 in Mathrubhumi (Thrissur Edition) and Business Line (All India Edition), of e-voting procedures to be followed by members for voting at the Annual general meeting to be held on 10th September 2021. Kindly take the same on your record. Thanking You. Yours Faithfully For Manappuram Finance Limited Manoj Kumar V R Company Secretary Ph; +91 9946239999
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TIRUCHIRAPALLI
BusinessLineTUESDAY • AUGUST 17 • 2021 7NEWS
MEENAKSHI VERMA AMBWANINew Delhi, August 16
While the neighbourhoodgrocery stores have emergedas go-to place for consumersduring pandemic times, thechemist shops have alsogrown in signifi�cance for theFMCG sector to take note.
Leading FMCG companiesin certain categories havebeen ramping up their pres-ence across pharmacies in thepast one-and-a-half years, es-pecially to tackle supply chainchallenges during Covid-in-duced restrictions.
Research and insights fi�rmNielsenIQ pointed out in itslatest report that the chemistschannel emerged as the mostdynamic entity within the tra-ditional trade segment dur-ing the June quarter, whichsaw the country getting im-pacted by the second pan-demic wave. It said that thechemists channel witnesseddouble-digit growth of about11 per cent in the June quartercompared to the Marchquarter.
Food, homecare productsIt added that this was due to adiverse categories of foodsand homecare products be-ing sold through pharmacies.
Companies such as Bisleri,Dabur India and Godrej Con-sumer Products have in re-cent times said that they haveramped up their presence inchemist channel.
Angelo George, CEO, BisleriInternational had told Busi-nessLine last month, “Duringthe pandemic, we focused onexpanding our distributioncoverage at pharmacies.
“During the pandemicwaves, in some States this wasthe only channel that was al-lowed to operate through theday. Now, we have built signi-fi�cant coverage at pharmaciesand we are continuing tostrengthen this further. Whileour packaged water productsare being sold at various phar-macies, we are also leveragingon this channel to expand thereach of our hand sanitisers.”
In its annual report, DaburIndia stated that it in FY 20-21,the company increased itschemist coverage by around17,000 outlets. The home-grown FMCG added that chan-nel focus strategies helped itwitness high growth not onlyin general grocery store spacebut also in the chemists and e-commerce channels.
Rajiv Singhal, General Sec-retary, All India Organisation
of Chemists and Druggistssaid, “In the pandemic times,there has been growing de-mand for categories such ashygiene and personal careproducts.
“Hence, chemists have alsobeen focusing on keeping ad-ditional FMCG products asconsumers relied on theirneighbourhood chemist shopto not just buy medicines butalso other-related essentialitems.”
New focus areasThe management of GodrejConsumer Products Ltdearlier this month also saidthat ramping up its presence
in new channels like e-com-merce and chemists has beenone of the key focus.
Saurabh Saith, CEO, OrionIndia said, “Till about fewyears back, in terms of FMCGproducts, chemists channelwas restricted to certainhealth food products etc. Butin the past one and half year,aided by the pandemic, chem-ists have begun stocking upon a variety of FMCG productcategories.
“They broadly focus onkeeping fast-moving SKUs asdue to lack of space they can-not stock up on multipleproducts in the samecategories.”
FMCG fi�rms ramp up presence inchemist shops during pandemicThe channel, given the variety of products itdispenses, sees 11% growth in June quarter
The chemists channel emerged as the most dynamic entity withinthe traditional trade segment during the quarter
OUR BUREAUChennai, August 16
Great Lakes Institute of Man-agement (GLIM), Chennai, onMonday announced its part-nership with TheUniversity ofChicago BoothSchool of Busi-ness — a globallyrenowned busi-ness school — toprovide customexecutive educa-tion programmesthat will off�erleadership,strategy, manage-ment and fi�nanceframeworks to participants.
‘Project Ascent’The partnership will designand deliver ‘Project Ascent’, ahigh-impact leadership pro-gramme for senior leaders ofL&T.
Scheduled to commence inOctober 2021, the programmewill support the initiatives indeveloping a ‘future ready’pipeline of senior leaders whowill play an important role inthe organisation’s futuregrowth.
“We are thrilled to be part-nering with Chicago Booth inproviding a unique learningand development pro-gramme through ‘Project As-cent’. We believe this oppor-tunity will have the calibre totransform the participants’perception of several man-agement subjects andstrengthen their confi�denceto handle complex situations
in their day-to-dayfunctioning,”SureshRamanathan, Dean,Great Lakes Insti-tute of Manage-ment, Chennai, saidin a press release.
The programmehas been co-createdby the partners andL&T in assembling acontemporary cur-riculum intended
to deepen the business, beha-vioural and leadership com-petencies of their senior man-agers.
The nine-month blendedprogramme will combine theacademic rigour with ‘in-dustry relevance’ and will bedelivered in sessions that willhelp the participants accessthe programme content insmaller portions, enablingthem to retain interest andachieve learning throughoutthe duration, GLIM's releasesaid.
To offer customexecutiveeducationprogrammes
Great Lakes Institute ties upwith Chicago Booth School
In the early 1950s, what was de-scribed by its creator as some-thing that would look like noth-ing else in the world and would besurrounded by a train? Whichbrand recently honoured Covid-19healthcare heroes such as AmyO'Sullivan, Audrey Cruz, ChikaStacy Oriuwa, Jacqueline Goes deJesus, Kirby Whitby and Sarah Gil-bert by launching its signatureproducts after them? Whichproduct category of a particularbrand got a new logo recently asthe brand replaced the motto ofthis product category from ‘RoadAhead’ to a more adventurous ‘Ex-plore the Impossible’?
These were some of the interest-ing questions answered by theparticipants at the regionalrounds of the 18th edition of Busi-nessLine’s Cerebration 2021. Oneof India’s premier corporate quizchampionships, the competitionis being held in virtual format thisyear. The regional rounds wereheld in Chennai and Kochi on Sat-urday (Aug 14) while the Hydera-bad round took place on Sunday(Aug 15).
Sparks fl�yThe Chennai regional round sawan intense competition among
the six contestants : Jayakanthan R(TCS), Jaanu Surendran (Ten-antcube), Anjana Jayalakshmi KR(Marketing Consultant), RameshNatarajan (Freshworks), PranavHari (IIT Madras) and SrivathsavaSridhar (Servion Global Solu-tions). After a gruelling fourrounds of quizzing, Jayakanthanemerged as the winner with 45points while Pranav Hari fi�nishedsecond with 38 points followed byRamesh at the third spot with 24points.
Jameer K.B. of Q CollectiveKnowledge Solutions emerged asthe winner of the Kochi regionalround with 56 points. Amrut Abra-ham of Federal Bank (26 points)and Siddharth Rout of Kantar Ana-lytics (25 points) took the secondand third positions respectively.The other three participants in theKochi regional round includesAnand Kumar (SAIL DSP), Jis JohnSebastian (Advocate) and SharatChandar M (Optisol BusinessSolutions).
Thrilling contestThe Hyderabad regional round
saw a nail-biting contest amongthe six participants : KapinjalChowdhury (TCS), B Naveen Ku-mar (Sai Mitra Constructions),Vishnu Santhosh S (HPCL), SuryaPrakash (Indian Bank), SiddharthMishra (Cognizant) and ShivaniPanda (Amazon). Kapinjal Chow-dhury emerged as the winner ofthe Hyderabad regional roundwith 57 points while B Naveen Ku-mar and Surya Prakash securedsecond and third places with 41and 10 points respectively.
BusinessLine’s Cerebrationquiz is designed for corporate ex-ecutives, business professionals,B-school students, and MBA aspir-ants. It saw an overwhelming re-sponse for participation with over6,000 candidates taking the ini-tial test to qualify for the regionalrounds
The winners of Chennai, Kochiand Hyderabad regional roundswill now participate in the grandfi�nale (along with the winners ofMumbai, Delhi and Bengalururounds that will happen comingweekend) to be held on August 28.A prize money worth ₹�1.5 lakh(First Prize ₹�75,000, 2nd Prize₹�50,000, 3rd Prize ₹�25,000) areup for grabs in the fi�nale. UnionBank of India is the title sponsorfor the event, which is powered byCFA Institute in association withManageEngine.
If you missed the regionalrounds held so far, you can watchthem at Chennai: https://bit.ly/BLCQ1, Kochi: https://bit.ly/BLCQ3and Hyderabad:https://bit.ly/BLCQ4.
Contestants battle it out atBusinessLine’s Cerebration 2021
OUR BUREAUMumbai, August 16
HDFC Bank on Monday said it willissue debt instruments in theform of Additional Tier 1 bonds ininternational markets. “...we hadinformed the stock exchangesthat the Board of Directors ofHDFC Bank in its meeting held onJuly 17, 2021, is contemplating rais-ing of long term funds throughthe issuance of Basel III compliantAdditional Tier 1 Bonds (Notes), inthe international markets, sub-ject to market conditions,” it saidin a stock exchange fi�ling.
An off�ering memorandum hasbeen prepared and shall be madeavailable to the prospective in-vestors in relation to the contem-plated issue of Notes, it furthersaid. The bank, however, did notspecify the amount to be raised.
Ba3 (hyb) ratingMeanwhile, Moody's InvestorsService in a statement said it hasassigned a Ba3 (hyb) rating toHDFC Bank’s proposed USD-de-nominated, undated, non-cumu-lative and subordinated AT1 cap-ital securities. “The Ba3 (hyb)rating is three notches belowHDFC Bank's baa3 Baseline CreditAssessment (BCA) and AdjustedBCA, refl�ecting the probability ofimpairment associated with non-cumulative coupon suspension,as well as the likelihood of highloss severity when the bankreaches the point of non-viabil-ity,” it said. In its meeting on July17, the bank’s board had approvedthe issue of standalone foreigncurrency-denominated PerpetualDebt Instruments as Basel III-com-pliant AT1 bond for foreign(global) investors outside India,on an unsecured , public or aprivate placement basis, alongwith a proposed listing of the AT1Bonds and other related activitiesin the course of the fi�nancial year2021- 22.
HDFC Bank to issue debtinstruments asAT1 bonds
ABHISHEK LAWKolkata, August 16
Kolkata-based Titagarh Wagons,one of the largest wagon-makersin the country, scripted a turn-around in its Italian operations –with the subsidiary turningEBITDA positive – while it looks at“internationalisation” of itsfreight wagon business by tar-geting new export markets suchas Africa and Australia.
According to Umesh Chowd-hary, Vice-Chairman and Man-aging Director, Titagarh Wagons,a reduction in loss-making leg-acy contracts of the Italian entity(Titagarh Firema SPA Italy)helped it turn profi�table at theEBITDA-level after fi�ve quarters oflosses. Nearly 80-90 per cent ofthese – which the company hadto deliver at the time of acquisi-
tion of the subsidiary – arealready through. Delivery of theremaining 10-20 per cent is ex-pected to be completed in Q2and Q3 of FY22. “Italian opera-tions had a turnover of €22-23million in Q1FY22. We are expect-ing a similar run-rate for the fullyear, say around €100 million.While August is seen as a slowermonth as it is the holiday seasonin Italy, I believe, the full year out-look is still positive in terms oforders. We expect operations tobe EBITDA positive, provided thepandemic does not derail plans,”he told BusinessLine.
The company has already wonorders for Sicily Metro and deliv-eries are expected in September-October. It will also participate inupcoming tenders in Europeand the African region, Chowd-
hary said. Titagarh’s order bookstands at around ₹�5,000 crore;with nearly ₹�2,400-2,500 crorecoming from Italian operations.
Export marketAccording to Chowdhary, thecompany will tap export marketsfor both the freight wagon andtransit business. Internationalcertifi�cation and application foraccreditation of services have
India business In case of India operations, Tit-agarh’s propulsion prototype isexpected to be ready (for the In-dian Railways) by Q4FY22. Thecompany recently announcedthat it had entered into an ex-clusive cooperation agreementwith ABB, a leading global engin-eering company, to address thelarge and growing business ofpropulsion equipment (tractionconverters) for the Indian rail-way electric multiple units/mainline electric multiple unitsmarket.
already been carried out. Over the last few quarters, up-
grades have been carried out atits manufacturing units in India.“It will take 6-12 months for thecertifi�cation to come through.We have been exploring plans fora global footprint. The ‘interna-tionalisation’ of the business issomething that we are looking atover the next 30-36 months,” hesaid adding that the move isaimed at a “geographical expan-sion” and “risk mitigation”. Sim-ilar plans are being explored inthe transit business (passengerrake making). “We have an estab-lished reputation in the freightwagon making business; whilein the transit business we will bebuilding our name next year on-wards,” Chowdhary said.
Titagarh Wagons looks to expand after turnaround of Italian arm
