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Huhtamaki PPL Limited
Regd. Office: 12A-06 B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, G-Block,
Bandra Kurla Complex, Bandra (E), Mumbai-400 051
Phone No.: +91 (22) 6174 0400, Fax No.: +91 (22) 6174 0401/ 2653 1310
CIN - L21011 MH1950FLC145537, Website: www.huhtamaki.com
4th June, 2020
The Department of Corporate Services
BSE Limited P J Towers, Dalal Street,
MUMBAI – 400 001 Fax No.: (022) 2272 3121/3719/2037
[email protected] Ref: Security Code No.: 509820
Listing Department,
National Stock Exchange of India Limited
Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 051 Fax. No. (022) 26598237 / 8
[email protected] Ref: PAPERPROD
Sub: Newspaper Advertisement – Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
(“SEBI Listing Regulations”).
Dear Sir,
Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the
copies of newspaper advertisement published in Business Standard (English) and Sakal (Marathi), in compliance with Ministry of Corporate Affairs Circular
No. 20/2020 dated May 5, 2020, intimating that the 70th Annual General Meeting of the Company will be held on Tuesday, June 30, 2020 at 2.00 pm
through Video Conferencing / Other Audio Visual Means.
The above information is also available on the website of the Company www.huhtamaki.com
This is for your information and records.
For Huhtamaki PPL Limited
Sd/-
D V Iyer Company Secretary & Head- Legal
Encl: As above
MUMBAI | THURSDAY, 4 JUNE 2020 COMPANIES 3. <
DEV CHATTERJEE
Mumbai, 3 June
Tata Teleservices, which reported aloss of ~13,325 crore in FY20, is plan-ning to sell its residual business in
the current financial year to clear its dues. Till the sale is over, Tata Sons, the pro-
moter of the company, has promised to pro-vide for any shortfall in liquidity of the com-pany till June next year.
The company also announced a recordaccumulated losses of ~48,907 crore forfinancial year 2020 (see chart). BetweenJanuary 2014 and December last year, TataSons has infused about ~46,595 crore inTata Teleservices to fund the latter’s losses,debt repayments as well as for capitalexpenditure.
In the current financial year, Tata Sonswill have to infuse additional funds so thatthe company can pay its adjusted gross rev-enues (AGR) dues, say bankers.
The company sold off its mobile teleph-ony business to Bharti Airtel last year. Itnow offers wireline data, marketing and
voice services along with managed servic-es and broadband services under the exist-ing enterprise business — which has nowbeen put on the block. The company hasclassified assets worth ~2,138 crore for sale,as per its latest financial data for the FY20.
Tata Teleservices was asked to pay~14,000 crore to the government of India by
the Supreme Court last year as AGR dues. The company said for the financial year
ended March 31, it made provisions of ~7,976crore for the AGR dues. The company’s totalliabilities was ~19,379 crore for the finan-cial year 2020.
Based on its own self-assessment of AGRdues, the company had paid ~1,708 crore inFebruary and another tranche of ~1,850crore as AGR dues in March.
But after the SC rejected the self-assess-ment approach to calculate AGR, the com-pany is waiting for Supreme Court’s orderon the petition filed by the department oftelecom seeking its dues in the next 20years. Tata Tele was one of the first com-panies to start wireless telephony servicesin India and was the pan-Indian operatorby 2005. In 2009, Tata Sons had sold its26.5 per cent stake to NTT Docomo buthad to buy back the stake at 50 per cent ofthe sale value for ~7,250 crore in 2016 aftera prolonged litigation both in India and inthe British courts. Since then, the financialmetrics of Tata Tele kept deteriorating andnever improved.
Tata Tele to sell residualbusinesses to repay loans GVK Group has slashed sala-
ries of its staff across compa-nies by up to 30 per cent fromMay amid the coronavirus pan-demic, which has significantlyimpacted markets and busi-nesses due to a total shutdownof nearly two months, a sourcesaid on Wednesday.
The diversified group, wh-ich is into energy, resources, air-ports, transportation, hospital-ity and life sciences sectors, hasaround 1,800 workforce.
In the past over two mon-ths, numerous companies fromacross sectors have resorted tolayoffs, salary cuts, deferredpayments and ‘Leave WithoutPay’ to staff to mimimise theimpact of the pandemic on
their revenues and sustainbusiness in the long term. PTI
GVK Group cuts salaries by up to 30% from May
THE FINANCIALS
Compiled by BS Research Bureau Source: Company
Figures in ~ cr FY19 FY20
Income from operation 2,837 1,851
Other income 160 16
Total operating expenditure 3,133 1,912
Ebitda -136 -46
PAT -3,673 -2,077
PAT afterexceptional Item -5,230 -13,325
Accumulated losses -34,073 -48,907
Networth -12,378 -12,586
Borrowings & 23,936 19,379financial liabilities
Amara Raja Group, a businessconglomerate with interestsspanning varied verticals, onWednesday announced paycuts to its employees at the jun-ior and senior management le-vel. According to the informa-tion, the total number of emp-loyees is 16,000 and 20 per centfall under the pay cut category.The groups flagship firm AmaraRaja batteries had 7,541 emplo-yees as on March 31, includingtemporary employees. PTI
Amara Raja cutspay across board
Google has been was sued onTuesday in a proposed classaction accusing the internetsearch company of illegallyinvading the privacy of mil-lions of users by pervasivelytracking their internet usethrough browsers set in “pri-vate” mode.
The lawsuit seeks at least$5 billion, accusing theAlphabet Inc unit of surrep-titiously collecting informa-tion about what people viewonline and where theybrowse, despite their usingwhat Google calls Incognitomode.
According to the com-plaint filed in the federal courtin San Jose, California, Googlegathers data through Google
Analytics, Google Ad Managerand other applications andwebsite plug-ins, includingsmartphone apps, regardlessof whether users click onGoogle-supported ads.
This helps Google learnabout users’ friends, hobbies,favorite foods, shoppinghabits, and even the “mostintimate and potentiallyembarrassing things” theysearch for online, the com-plaint said. REUTERS
Google in $5- bnsuit for trackingin ‘private’ mode
FB to acquire 9.9% stake in Jio via JaadhuPRESS TRUST OF INDIA
New Delhi, 3 June
Facebook will acquire 9.9 percent stake in Jio Platformsannounced last month via anew entity — Jaadhu Holdings,according to regulatory docu-
ments. In April, Facebook hadannounced an investment of$5.7 billion (~43,574 crore) in JioPlatforms.
According to a submissionmade to the CompetitionCommission of India, JaadhuHoldings, LLC is an indirect
wholly owned subsidiary ofFacebook, Inc. “Jaadhu is a new-ly incorporated companyformed in March 2020 underthe laws of the State of Delaware,US... Jaadhu is not engaged inany business in India or any-where in the world,” it said.
The notification form isbeing filed in relation toJaadhu’s proposed acquisitionof a minority, the non-control-ling shareholding of approxi-mately 9.99 per cent of the fullydiluted equity share capital inJio Platforms, it added.
Won’t amplify racial violence,Snapchat snaps back at TrumpSnap Inc. is no longerpromoting US President DonaldTrump’s content in the newssection of its Snapchat app,citing his posts on Twitter thatthreatened violence againstprotesters. The moveprompted a sharp rebuke fromTrump’s re-election campaign.“We will not amplify voices
who incite racial violence andinjustice by giving them freepromotion on Discover,” Snapsaid Wednesday in astatement. “Racial violenceand injustice have no place inour society and we standtogether with all who seekpeace, love, equality, andjustice in America.” BLOOMBERG
