Annual Report: 2023
Parry Agro Industries Limited Annual Report 2022-2023 Summary:
Parry Agro is among the leading tea producers in India with estates in major tea-growing regions, including Sheikalmudi, Murugalli, Paralai, Iyerpadi, Attikunna, Carolyn, Deckiajuli and Rajajuli. They employ over 10,000 people in rural India and are committed to sustainability. Their estates and factories are certified under various standards to guarantee safe products. They have a dedicated, accredited R&D facility and pan-India market presence.
Corporate Information (as of the report date):
Directors’ Brief Profile: Provides background information on the directors, including their qualifications, experience, and other board memberships.
Ten Years Financial Highlights (In Lakhs): Provides a table of key financial data for the past ten fiscal years:
Notice of Annual General Meeting (AGM):
Statement Pursuant to Section 102 of the Companies Act, 2013: Discusses the appointment of Mr. Sathia Jeeva Krishnan Chidambara as an Independent Director and the ratification of remuneration of the Cost Auditor. It confirms that Mr. Chidambara meets the criteria for independence and recommends his appointment. There are no director's or relative's memorandum of interest except for the cost auditor, AR Ramasubramania Raja & Co.
Details as required under Secretarial Standards: Provides information on the directors, including DIN, date of birth, date of appointment, shareholding, relationship with other directors, qualifications, number of meetings attended, directorships in other companies, and committee memberships.
Directors’ Report:
Form AOC.2: Details of contracts or arrangements with related parties are reported as NIL.
Format for The Annual Report on CSR Activities:
Annexure to the Directors' Report:
Independent Auditor's Report: The report expresses an unmodified opinion on the standalone financial statements. It details the responsibilities of management and the auditor, and compliance with accounting standards.
Annexure “A” to the Independent Auditor's Report: Focuses on internal financial controls with reference to the standalone financial statements.
Annexure “B” to the Independent Auditor's Report: Lists details related to property, plant, and equipment; inventories; loans; deposits; and statutory dues.
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