Annual Report: 2022
Lotte India Corporation Limited Annual Report 2021-2022:
Corporate Information:
The Board of Directors includes Kyungwoon Cho (Chairman cum ED), Milan Wahi (Managing Director), In Chul Yeo (Whole Time Director & CFO, till 29-03-2022), Jeongkwan Heo (Whole Time Director & CFO, from 30-08-2022), Myeongrim Choi (Director), D.G. Rajan (Independent Director), Hye Lim Jeon (Independent Director, till 16-12-2021), and Jeehye You (Independent Director, from 29-03-2022). T.G. Karthikeyan is the Company Secretary. The registered office is located at No.4/111, Mount Poonamallee Road, Manapakkam, Chennai – 600 089, and the head office is at No.4/169, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai – 600 096. Factories are located in Nellikuppam (Cuddalore Dist), Tamil Nadu; Nemam, Chennai, Tamil Nadu; and Rohtak, Haryana. Price Waterhouse Chartered Accountants LLP, Chennai, serves as the auditors, and HDFC Bank Ltd is the banker.
Key Financial Highlights (Rs. in Lakhs):
The company switched over from IGAAP to IndAS from F.Y 2018-19.
Notice of Annual General Meeting:
The 67th Annual General Meeting (AGM) will be held on September 29th, 2022, via video conferencing. Agenda includes adopting audited financial statements, appointing a director in place of Mr. Myeongrim Choi (retiring by rotation), and special resolutions related to the appointment of Ms. Jeehye You as an Independent Director, the appointment of Mr. Jeongkwan Heo as a Director liable to retire by rotation and as Whole Time Director, and reappointment of Mr. Milan Wahi as Managing Director. Remuneration details for Mr. Heo and Mr. Wahi are specified, subject to shareholder approval. Shareholders are offered e-voting facility through CDSL.
Board Meetings: Four Board Meetings were held during the year, with details of attendance provided in the Corporate Governance Report. The Directors' Responsibility Statement confirms adherence to accounting standards, proper maintenance of records, preparation of annual accounts on a going concern basis, and adequate internal financial controls.
Other Key Points from Directors' Report and Management Discussion:
Auditors' Report:
Additional Key Financial Details:
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