Disclosure of Events or Information
1. Ms. Neha Gupta has been appointed as Additional Director (Non-Executive Independent Director) on the Board of Company w.e.f. August 11, 2014.
2. Ms. Neha Gupta, Independent Director of the Company has resigned from the Board of the Company due to her other preoccupations and her resignation has been taken on record by the Board in its meeting dated November 14, 2014.
3. Ms. Neera Bhargava has been appointed as Additional Director (Non-Executive Independent Director) on the Board of Company w.e.f. February 13, 2015.
4. The Company has added in its existing line of trading business, the products of Palmer’s, which is an established Skin Care Brand of USA.
5. The Company has appointed as the importer and the distributor of the Farlin’s products, which is an established Baby Care Brand of Taiwan, Rep. of China for the distribution of the same in the Southern & Western Region of India.
6. M/s. Suresh Kumar Mittal & Co., Chartered Accountants (FRN: 500063N) has resigned from the post of Internal Auditors of the Company vide their letter dated 27.07.2017.
7. Appointment of M/s. Suresh Kumar Mittal & Co., Chartered Accountants (FRN: 500063N) as Statutory Auditors of the Company, in place of retiring auditors M/s. B.K Shroff & Co., Chartered Accountants (FRN: 302166E), to hold office for a term of 5 (Five) consecutive years from the conclusion of 28th Annual General Meeting (AGM) until the conclusion of 33rd AGM.
8. M/s. B.K Shroff & Co., Chartered Accountants (FRN: 302166E) has been appointed as the Internal Auditors of the Company w.e.f November 14, 2017.
9. The Company has appointed as the distributor of Nuby’s products of NUBY ASIA PACIFIC LIMITED, which is an established Baby Care Brand of USA for distribution of all its infant care products in India.
10. We deeply grieved to inform that Shri Sudarshan Lal Baluja, Non- Executive Independent Director of the Company has departed for his heavenly abode on Sunday, 25th March, 2018. Accordingly, Shri Sudarshan Lal Baluja has ceased to be director on the Board of Directors of the Company.
11. Our Company has discontinued its distributorship of Farlin products consisting of Mother & Baby Care products of Company’s name Farlin Industrial Co. Ltd., Taiwan for Southern & Western Region of India w.e.f 31/03/2018.
12. Pigeon India Private Limited, Principal Supplier of Mother and Baby Care (MBC) products, has withdrawn its distributorship only from the Eastern Region of India from the Company. Accordingly to reduce the administrative & inventory cost, the Company has decided to close the branch office of Kolkata situated at 1/286, Gariahat Road, Jodhpur Park, Ward No. 93, within P.S. Lake, Kolkata-700068 w.e.f 31st July, 2019. However, the Company will continue to sell/ dispatch all its others brands products directly from the Delhi/ Bhiwandi office to Eastern Region including North East Region of India.
13. our Company has entered into a Terms of Trade/MOU with “Rhea Retail Private Limited” (RRPL) for distribution of its Home and Travels products except diapers for their brand of Mothercare for North India & East India including North East Region.