HINDALCO ANNUAL REPORT 2011-12 PDF

Annual Report i W . Hindalco Industries Limited, the metals flagship company of the. Aditya Birla 12 Months 12 Months. Annual Report 2. A Metals Powerhouse. We have audited the Standalone Ind AS financial statements of HINDALCO .. The Supreme Court. Green Cess. Cess. to

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During the year ended 31 st March,the Company has allotted 4,43, fully paid-up equity share of Rs.

Employee Stock Option Scheme The shareholders of the Company has approved an Employee Stock Option Scheme “ESOS “formulated by the Company, under which the Company may issue 3, options to its permanent employees in the management cadre, in one or more tranches, whether working in India or out of India, including the Whole Time Directors of the Company.

Any member, who is interested in obtaining such particulars about employees, may write to the Company Secretary at the Registered Office of the company.

Reports and Presentations – Hindalco

The Strategic Review will consider corporate and operational feport, and include a review of ownership options available to the Company. Mar 31, Dear Shareholder.

Shipments of flat rolled products rdport marginally lower at 2, Kt for the year ended 31st March,compared to 2, Kt in the prior year. Novelis Shipments of aluminium rolled products totalled 2, kilotonne for fiscala decrease of two percent compared to shipments of 2, kilotonne in the previous year, driven by softer end-market conditions in most of the regions during the first half of the year.

Directors Report of Hindalco Industries Ltd.

Satish Pai are directors on the Board of Novelis Inc, wholly owned subsidiary. During the course of our examination of the books and records of the Company, amnual out in accordance with the generally accepted auditing practice in India, and according to the information and explanations given to us, we have hindalc come across any instances of material fraud by the Company or on the Company by its officers or employees, noticed or reported during year nor have been informed of any such case by the Management.

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The options will vest in 4 equal annual instalments after one year of the date of grant whereas RSU will vest at the end of three years from the date of grant.

Board members rated high to the Chairman in leading the Board effectively. Similarly, the Independent Directors evaluated the performance of non independent directors, Chairman and assessed the quality, quantity and flow of information between company management and Board.

Novelis generated positive free cash fl ow for fi scal year as a result of strong operating results, lower capital spending, and structural reductions to working capital, despite volatile metal prices hindaldo higher working capital requirements as it ramped up new assets.

Refer Notes on Accounts for details of the same. The net excess paid up capital amounting to Rs. However annual accounts of the subsidiary companies and the related detailed information will be made available to the holding and subsidiary companies investor’s seeking such information at any point of time.

A separate section on Corporate Governance together with a certificate from the Auditors of the Company regarding full compliance of conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement forms part of the Annual Report.

Since the impairment loss had been adjusted against BRR in as per the Court approved Scheme, the reversal of impairment loss of goodwill has also been adjusted against BRR in Items seeking your approval is included in the Notice convening the Annual General Meeting.

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The annual accounts of the subsidiary company is also available for inspection at their respective registered office. At the same Annual General Meeting Mr. Meetings of the Board: Transfer from Securities Premium Accounts per the Scheme – – 8, Several accolades have been conferred upon your Company, in recognition of its contribution in diverse field.

Members who desire to obtain the full version of the Annual Report may write to the Company Secretary at the registered office.

Annual Reports archive – Hindalco

As per the information and explanations given to us, the inventories excluding inventories in transit have been physically verified at reasonable intervals during the year by the management except materials lying with third parties, where confirmations are obtained. Rajashree Birla were reappointed as the Directors of the Company.

Item seeking your approval is included in the Notice convening the Annual General Meeting. Had this adjustment not been done, Other Expenses would have been higher by Rs.

At Hindalcl, the ore mined was 2.

These options do not carry rights to dividends or voting rights till the date of exercise. All related party transactions have been approved by the Audit Committee of your Company. Accordingly, paragraph 3 xvi of the Order is not applicable to the Company. Bhattacharya as Managing Director is expiring on 30th September, In JulyNovelis began the commissioning phase of two automotive sheet finishing lines at Oswego, its New York facility.