JT£ KT JTEKT INDIA LIMITED (Formerly known as Sona Koyo Steering Sys tems Llm.iled) Head Office : M3M Cosmopolitan, .Floor, Ramgarh Road, (Adjacent to Golf Coun;e Extension Road) , Gurugram -122 002, Haryana, India. Tel : +91124 478 3100, Fax : +91 124 4 78 3199. JTEKT Koyo I Uil'im 26th August, 2020 The BSE Limited De partment of Corporate Services Floor 1, New Trading Ring Rotunda Building. P.J. Towers Dalal Street, Fort Mumbai 400 001. Scrip Code - 520057 listing Compliance National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra - Kurla Complex Bandra (E), Mumbai 400 051. Symbol - JTEKTINDIA; Series - EQ Sub: Copy of notice published in the newspapers. Dear Sir, Please find attached herewith the newspaper noti ce published in the 'Busine ss Standard {English and Hindi)' regarding information on 35th Annual General Meeting, book closure and final dividend of the Company. We request you to take the same on record . Thanking you, Yours faithfully, For JTEKT INDIA LIMITED NITIN SHARMA COMPANY SECRETARY Regd. Office : UGF -6, Indra Prakash 21, Barakhamba Road, New Delhi - 110 001, India. Tel : +91 112:{311924 I 2332 7205, Telefax: +91112332 7205 CIN : 129113DL1984PLC018415 , Website : www.jtekt.co.in Works : 38/ 6, Delhi-Jaipur Road, NH -8, Gurugram - 122 001, Haryana, India. Tel : + 91 124 468 5000, Fax : +91 124 410 4611 I 410 4621.
3
Embed
JT£ KT · 2020. 8. 26. · JT£ KT JTEKT INDIA LIMITED (Formerly known as Sona Koyo Steering Systems Llm.iled) Head Office : M3M Cosmopolitan, l~l .Floor, Sector~6.Ramgarh Road,
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
JT£ KT JTEKT INDIA LIMITED (Formerly known as Sona Koyo Steering Systems Llm.iled)
Head Office : M3M Cosmopolitan, l~l .Floor, Sector~6. Ramgarh Road, (Adjacent to Golf Coun;e Extension Road), Gurugram -122 002, Haryana, India. Tel : +91124 478 3100, Fax : +91 124 478 3199.
JTEKT Koyo I Uil'im
26th August, 2020
The BSE Limited Department of Corporate Services Floor 1, New Trading Ring Rotunda Building. P.J. Towers Dalal Street, Fort Mumbai 400 001. Scrip Code - 520057
listing Compliance National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra - Kurla Complex Bandra (E), Mumbai 400 051. Symbol - JTEKTINDIA; Series - EQ
Sub: Copy of notice published in the newspapers.
Dear Sir,
Please find attached herewith the newspaper notice published in the 'Business Standard {English and
Hindi)' regarding information on 35th Annual General Meeting, book closure and final dividend of the Company.
We request you to take the same on record .
Thanking you,
Yours faithfully, For JTEKT INDIA LIMITED
NITIN SHARMA COMPANY SECRETARY
Regd. Office : UGF-6, Indra Prakash 21, Barakhamba Road, New Delhi - 110 001, India. Tel : +91 112:{311924 I 2332 7205, Telefax: +91112332 7205 CIN : 129113DL1984PLC018415, Website : www.jtekt.co.in
Works : 38/ 6, Delhi-Jaipur Road, NH-8, Gurugram - 122 001, Haryana, India. Tel : +91 124 468 5000, Fax : +91 124 410 4611 I 410 4621.
PEERZADA ABRARBengaluru,25August
Flipkartwouldtransition100percentintoelectricvehicles(EVs)by2030inIndia as part of its commitment tolong-term sustainability across its e-commercevaluechain.
TheWalmart-owned firmwoulddo this by joining the ClimateGroup’s global electricmobility ini-tiative, EV100.
The initiative brings togetherforward-looking companies com-mitted to accelerating the transi-tion into EVs and making electrictransport the new normal by 2030.
According to sources, Flipkart isexpecting to have more than 35,000electric vehicles by 2030 and willinclude 3-wheeler, 4-wheeler and 2-wheeler vehicles, which would bedesignedandmanufacturedinIndia.Thecompanywouldbeworkingwithvarious local original equipmentmanufacturers (OEMs), aggregatorsand start-ups to build these vehicleswhichwould be optimised for the e-commerce industry.
“Withourscale,scopeandintensefocus on the sustainability agenda,we believe we can play a significantroleinnot justfasttrackingtheadop-tionofelectricvehiclesbutalsomak-ingcleanmobilitymainstream,”saidKalyan Krishnamurthy, chief execu-tiveofficer (CEO),FlipkartGroup.
Flipkart said it is committing to aphased integration of electric vehi-clesintoitsentirefleet(directlyowned
or leased corporate fleets) by 2030.This will be done through placingrequirementsinservicecontractsandinstalling charging infrastructureclose to its 1,400 supply chain prem-ises. Flipkart said it will spearheadthe sector’s sustainability transfor-mationandsupport India’sambitionofensuring30percentelectricmobil-ityby2030.Headded, “WewillworkwithvehiclemanufacturerstodesignEVs,moresuitedfore-commercepur-poses.You’reeventuallytalkingaboutthe pan-Indian rollout and youneed
tohave reliable vehicles and supportnetwork in the hinterlands. So that’sreallygoingtobeakeyconsiderationin the roadmap.”
Electrification of its entire logis-ticsfleetisakeypartforit’s largersus-tainability goal and the EV100 com-mitment is in linewith that. Flipkarthas already deployed EVs in variouscitiesincludingDelhi,HyderabadandBhubaneswar. Pilots have been suc-cessfully conducted in Pune,Mumbai, Bengaluru, Kolkata andLucknow. Deployment will begin inSeptember,accordingto thesources.
4 COMPANIES NEW DELHI | WEDNESDAY, 26 AUGUST 2020 1>
Auto firms to ditch discounts,focus on digital experienceSHALLY SETH MOHILEMumbai,25August
I f you’re a would-be car buyer and you’reexpecting to get eye-popping discounts,offersandfreebies this festiveseason,you’re
probably in foradisappointment.Pandemic-hitauto majors are likely to set aside these time-tested strategies for now, and, instead, focusonattractive financeschemesandanenhanceddigital experience.
On an average, festivals — from GaneshChaturthi right up to Diwali — account foranywhere between 17 and 19 per cent of theannual sales of passenger carmakers. But offi-cials at auto companies say that it is a tight-ropewalk for them this year.
“It is a litmus test formarketers.Theywillhaveto come upwith innova-tive means to promoteandselltheircarsthisfes-tive season, as there islimitedprovision fordis-counts and incentives,”saysShashankSrivastava,executive director, salesand marketing, MarutiSuzuki India.
According toSrivastava, car makershave to ensure that the
demandmomentum,whichkickedinfromJunethis year, gathers pace and sales rise at a fasterclip. But companies have todo this at a fractionof lastyear’smarketingbudgets, sincecashcon-servation tops their priority list this year.
Thetask,sayexperts, isnotonlytorecoupthefirst quarter’s volume loss, but also bring it onaparwith last year’s festive seasonsales.This is achallenge, given that consumers remain pru-dent with their household expenditure amidsttheuncertainty inducedby thepandemic.
Still, automakers are doingwhat they can towoobuyers.Maruti,whichhasnomajor launch-es lined up for the festive season, plans to fullydigitisecarfinancingbyofferingend-to-endsolu-tions.Thiswill ensure thatbuyersdonothavetovisitabanktocompletetheloanprocess.Startingfromselecting the financeschemetogetting theapprovalsandhavingtheloandisbursedtothem—everythingwill bedonedigitally.
phase, everything can be done with a few clicksfromthesafetyof theconsumer’shome,hesays.
KavanMukhtyar, partner and leader, auto-motive, at consultancy firmPWC,sayscarmak-ers have an uphill task this festive season —revive salesatall costs, given that the first threemonths of the current fiscal were lost.
“One can therefore expect sales this festiveseason to surpass last year’s,” says Mukhtyar.While full-yearsaleswill still seeadropof20percent versus last year, carmakerswould at leasthave recovered some ground if festive seasonsalesclick thisyear,hesays.Moreover,mostcarcompanies are likely to reduce their spendsonprint and television advertising, increasingtheirbetondigital advertising instead,headds.
Experts say that a combination of pent-updemand and theneed to ownapersonal vehi-cle amidst the health crisis has fuelled autosales since June. Hence, some analysts andindustry executives argue that companiesneed not resort to desperate sales measuresthis festive season.
“Given that there is a surge in demand, wedonot see theneed tooffer anyextradiscounts.In fact,webelieve that across the industry, theconsumer offers will be similar or lower thanlast year, says Veejay Nakra chief executive,autodivision,MahindraandMahindra (M&M).
TarunGarg, director, sales andmarketingat Hyundai Motor India, is even more confi-dent. “For us, the festivals have started evenbefore the season began,” he said, alluding tothe good response received for Hyundai’snewly launchedmodels, including the Creta,Verna and Aura.
In August, Hyundai has already reached100 per cent of last year’s average in terms ofsales, claims Garg, adding that sales are in an“auto-pilotmode” and that there is noneed foran additional push.
Even so, for cost-effectiveness and betterresults, Hyundai has enhanced the share ofdigital in itsoverallmediamix, saysGarg.M&M,too, has comeupwith several digital interven-tionsacross thepurchasecycle.This is toensurethat apart frommaintaining social distancing,the company is able to reach out to its cus-tomers in a cost-effectiveway.
SUSTAINABILITY AGENDA, WEBELIEVE WE CAN PLAY ASIGNIFICANT ROLE IN NOT JUSTFAST-TRACKING THE ADOPTIONOF ELECTRIC VEHICLES BUT ALSOMAKING CLEAN MOBILITYMAINSTREAM”
KALYAN KRISHNAMURTHY,CEO, Flipkart Group
FESTIVE CONTRIBUTION FORMARUTI IN SOME STATESShareinannualretailsales
INFORMATION REGARDING NOTICE OF 36TH ANNUALGENERAL MEETING (‘AGM’) TO BE HELD THROUGH
VIDEO CONFERENCE (VC) / OTHER AUDIO VISUAL MEANS(OAVM), BOOK CLOSURE AND FINAL DIVIDEND
1) The AGM of the members of the Company will be held on Wednesday the 23rdSeptember, 2020 at 11.00 a.m. through VC/OAVM, in compliance with the applicableprovisions of the Companies Act, 2013 (‘Act’) and the Rules made thereunder and theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read withGeneral Circular Nos. 14/2020, 17/2020 and 20/2020 dated 8thApril, 2020 ,13thApril,2020 and 5th May, 2020, respectively, and other circulars issued by the Ministry ofCorporate Affairs (‘MCA’) and SEBI to transact the businesses that will be set forth inthe Notice of theAGM.
2) The Notice of AGM and Annual Report shall be sent to all the members whose emailaddresses are registered with the Company / Depository Participant(s). The aforesaiddocuments will also be available on the Company’s website i.e. www.jtekt.co.in and onthe website of Stock Exchanges i.e. www.bseindia.com and www.nseindia.com.
3) Manner of registering / updating email addressesa) Members holding the shares in physical form, who have not registered / updated
their email addresses with the Company, are requested to register / update thesame by wr i t ing to i ts Regis t rar and Transfer Agent ( ‘RTA’ ) a [email protected] or Company at [email protected] alongwith the copy of signed request letter mentioning the name and address of themember, self-attested copy of PAN card and self attested copy of any otherdocument (e.g. Driving License, Voter ID card, Passport etc.) in support as addressproof of the member as registered with the Company.
b) Members holding shares in dematerialized form, who have not registered / updatedtheir email addresses are requested to register / update their email addresses withthe Depository Participant with whom they maintain their demat accounts.
4) Manner of casting vote(s) throughe-votinga) Members will have an opportunity to cast their vote(s) on the businesses as set
forth in the Notice of AGM through electronic voting system (e-voting). The mannerof voting remotely (‘remote e-voting’) by members holding shares in demateralisedform, physical form and for members who have not registered their emailaddresses, has been provided in the Notice of AGM which shall also be availableon the website of the Company i.e. www.jtekt.co.in.
b) The facility for voting through electronic voting system will also be made availableat the AGM and members attending the AGM who have not cast their vote(s) byremote e-voting will be able to vote at theAGM.
c) The login credentials for casting the votes through e-voting shall be made availableto the members through email. Members who do not receive email or whose mailaddresses are not registered with the Company/RTA/Depository Participant(s)may generate login credential by following instructions given in the Notes to NoticeofAGM.
5) BookClosure for dividendandpayment thereofa) The Company has fixed Book Closure from Thursday the 17th September, 2020 to
Wednesday the 23rd September, 2020 (both days inclusive) for determiningentitlement of members to dividend for the Financial Year 2019-20.
b) Subject to the approval of members, Dividend will be paid to the members on thebasis of details of beneficial ownership furnished by the Depositories, as at theclose of 16th September, 2020 and in respect of shares held in physical form tothose members whose name will appear in the Register of Members of theCompany as on Thursday the 17th September, 2020.
c) As per the relevant circulars, payment of dividend shall be made through electronicmode to the members who have updated their bank account details. DividendWarrants / Demand Drafts will be dispatch to the registered addresses of themembers who have not updated their bank account details, after normalization ofpostal services.
d) Payment of dividend will be subject to deduction of Tax at Source (TDS) atapplicable rates. For more details, please refer to the communication attached withthe Notice ofAGM.
6) Manner of registeringmandate for receivingDividendMembers are requested to register / update their complete bank details :a) With their Depository Participant with whom they maintain their demat accounts, if
shares are held in dematerialized form, by submitting the requisite documents; andb) With the Company (where shares are held in physical form) by sending a duly
signed letter, mentioning the name of the member, folio number, bank details, self-attested copy of PAN and a cancelled cheque leaf, addressed to the Company /RTA.
7) Members are requested to carefully read all the Notes set out in the Notice of the AGMand in particular, instructions for joining AGM, manner of casting vote through remotee-voting or voting at theAGM.
Notes to the Unaudited Financial Results:1) The above Unaudited Financial Results prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed underSection 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015, and therelevant amendment rules thereafter. These unaudited financial results have been reviewed by the Audit Committee and thereafterby the Board of Directors at their respective meeting held on 25th August, 2020 and the same had been subjected to a LimitedReview by the Statutory Auditors.2) The Figure for the quarter ended 31st March 2020 are the balancing figures between the audited figures in respect of the full
financial year 2019 - 20 and the published unaudited year to date figure up to the third quarter ended 31st December 2019.3) The Company is primarily engaged in the business of diamonds and accordingly there are no separate reportable segments
pursuant to IND AS-108.4) The formats for unaudited quarterly results is as prescribed under SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30,
2015,as modified to comply with the requirements of SEBI's Circular dated July 5, 2016.5) The figures for the earlier periods have been regrouped / reclassified / restated wherever necessary to confirm to the current
period’s presentation.6) The SARS-CoV-2 virus responsible for COVID-19 continues to spread across the globe and India. On March 11, 2020, theCOVID-19 outbreak was declared a global pandemic by the World Health Organization. On March 24, 2020, the Indian governmentannounced a strict 21-day lockdown which was further extended until May 31, 2020 across the country to contain the spread of thevirus. On May 30, 2020 the Government announced a phased reopening of certain activities outside specified containment zones,while the lockdown was extended to June 30, 2020 in such containment zones. Some of the states further extended the lockdown toJuly 31, 2020. The impact of COVID-19, including changes in customer behaviour and pandemic fears, as well as restrictions onbusiness and individual activities, has led to significant volatility in global and Indian financial markets and a significant decrease inglobal and local economic activity, which may persist even after the restrictions related to the COVID-19 outbreak are lifted. Theoperational difficulties faced due to lockdown were mitigated by technological solutions in terms of ‘work from home’. The retailindustry as a whole has been adversely impacted by the spread of COVID-19 and consequently the lockdown resulting out of it.The Company has faced significant hand winds due to COVID-19 which have impeded the operations of the Company adverselyin the quarter ended 30th June 2020. This unprecedented disruption has had a negative impact on the quarterly performance andcontinue to impact the business and financial results. In this crisis, our priorities are to protect the employees and their families fromCOVID-19. The Company belives that the pandemic is not likely to impact the carrying value of assets. The Company continues toclosely monitor the development and possible effect that may result from the current pandemic on its financial position, liquidity andoperations and is actively working to minimize the impact of this unprecedented situation. As the situation is continuously evolving,the eventual impact may be different from the estimates made as of the date of approval of these financial results. "
FOR AND ON BEHALF OF THE BOARDZODIAC JRD MKJ LIMITED
S/dPlace: Mumbai Jayesh JhaveriDated: 25 th AUGUST, 2020 Managing Director ( DIN : 00020277 )