Notes to the Annual Report and Accounts This PDF version of the Unilever Board meetings were held at the offices of Hindustan Unilever in. Hindustan Unilever is India’s largest Fast Moving. Consumer .. Annual Report Hindustan Unilever Limited Annual Report . BSE Limited.0 * 80 Fixed Assets Turnover (No. crores) Earnings.
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Your Directors would also like to acknowledge the excellent contribution by Unilever to your Company in providing with the latest innovations, technological improvements and marketing inputs across almost all categories geport which we operate. Drag according to your convenience. In the area of environment impact, your Company worked to further reduce its environmental impact on four priority areas across the value chain – greenhouse gases, water, waste and sourcing.
Mashelkar during his tenure as a Director of the Company. Your Company continues to benchmark itself with annuual units known for best safety performance in the country and across Unilever. Under the SHARES Plan, eligible employees can invest in the shares of the holding Company for specified amount and after three years one share is granted to the employees for every three shares invested subject to the fulfillment of conditions of the scheme.
The copy of the Code of discussion, voting or otherwise influencing the decision on any Business Principles is available on the website of the Company matter in which the concerned Director has or may have such www. Today, Pureit is protecting around 20 million people with clean, safe drinking water.
Your Company has been preparing for migrating to GST for the past year; changes across IT systems, Supply Chain and operations have been made keeping in mind the sweeping changes that GST would bring in.
This initiative not only helps the Company build more stable Shakti entrepreneurs but also enables it to increase rural investments thereby unlocking growth in this channel. In our opinion and according to the information and explanations given to us, there is no continuing failure to correct major weakness in internal control system. The Committee ownership rights, interest and title in the said property, for and is entrusted with the responsibility of identifying the surplus on behalf of the Repory.
In Oral Care category, Pepsodent Expert Protection was launched in the premium segment with a new regime based claim, ”action of toothpaste, mouthwash and floss in one tube”. Hemant Bakshi has succeeded Mr.
HUL Auditor’s Report
Nitin Paranjpe Sridhar Ramamurthy Mumbai: This is in recognition of your Company”s Performance Management and Reward processes, which are geared towards building a performance and execution focused culture. The TCA provides for payment of royalty on net sales of specific products manufactured by your Company, with technical know-how provided by Unilever.
The The details of remuneration paid, stock options and conditional remuneration payable to each Non-Executive Director shall be grants made to Executive Directors and remuneration paid to determined by the Board or Committee thereof within the overall Non-Executive Directors for the financial year ended 31st March, limits. Mar 31, The Companys Directors are pleased to present the 77th Annual Report of the Company along with Audited Accounts for the financial year ended 31st March, Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis.
The enactment of the GST legislation has been a milestone reform abnual will create a win-win environment for all stakeholders and heralds an integrated and productive economy, and is expected to further boost economic teport.
As per the provisions of the Companies Act,Independent Directors have been appointed for a period of five years and shall not be liable to retire by rotation.
Directors Report of Hindustan Unilever Ltd. Company
The Board places on record their appreciation for the support and co-operation your Company has been receiving from its suppliers, redistribution stockists, retailers, business partners and others associated with the Company as its trading partners. Household Care launched Domex toilet cleaner in a child safe pouch form to make hygiene more affordable.
The investment advice provided are solely the personal views of the research team. A company””s internal financial controls over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
This report shares the results of your Company”s journey so far and chronicles the steps taken to deliver growth that is competitive, profitable and sustainable. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate annuak policies; making judgments and estimates that are reasonable and prudent; and design, implementation annyal maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness huo the accounting records, relevant to the preparation and presentation of the standalone Ind AS financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Your Company has institutionalized an extensive IT capability for customer development function to support execution in the front-end. This has helped improve the effectiveness and efficiency of the sales process significantly.
Crores For the year ended For the year ended 31st March, 31st March, Sale of products less excise duty 21, Uul Perfect Stores programme has proven to deliver higher growth and share for the business.
Hindustan Unilever Ltd.
The detaits of foreign exchange earnings and outgo as required under Section and Rute 8 3 annula Companies Accounts Rutes, are mentioned betow: Mashelkar, next meeting of the Board. According to the rdport and explanations given to us, no undisputed amounts payable in respect of provident fund, employees state insurance, income tax, sales tax, service tax, duty of customs, duty of excise, value added tax, cess, professional tax and other mate rial statutory dues were in arrears as at 31 March for a period of more than six months from the date they became payable.
Feedback from this survey forms the basis of holistic engagement plans, which are reviewed regularly. In Foods, the year saw the launch of new variants of premium jams of Kissan. Quality continues to be a major focus area, with a annuak on design quality improvement and new quality standards implementation for warehousing and transportation. Usually, meetings of the Board are held in Mumbai. TRESemme, an international salon brand, with a formulation tailored for Indian hair and endorsed by salon professionals, was launched for the first time in India.
In tine with the requirements of hhul taw, your Company has constituted new Board Committees.
The Management Committee is headed by Mr. Some of the identified risks relate to competitive intensity and cost volatility. These policies are available on the website of the Company at www. Increase in harvested rain water utilization in processes, reuse of treated effluent water, reduction of water losses from boiler and cooling tower blow down, process water requirement optimizations, etc.
The tool has delivered results for over a year now and your Company has successfully completed appraisals thereby identifying top performers anjual completed skill gap analysis of over 10, workmen online.
The pace of innovations and the scope of services have expanded over the years. The behavioural safety model has now been customised as BeSafE and will be launched company-wide in latter half of the year.
In Aprilyour Company has released India progress report on Unilever Sustainable Living Plan as well as a report on your Company’s community water conservation projects. The final dividend, subject to approval at the AGM on 28th July,will be paid to the shareholders whose names appear in the Register of Members as on the date of book closure i. The enthusiasm and unstinting efforts of the employees have enabled the Company to remain at the forefront of the Industry.
The Code is in addition to the Code of Business Principles commercial ventures or for non-profit making bodies, is subject of the Company. Your Company entered into a public-private partnership with the Maharashtra Government for sustainable sourcing of tomatoes locally.
As per the provisions of Section of the Companies Act,the appointment of Auditors is required to be ratified by Members at every Annual General Meeting. The procedures selected depend on the auditor””s judgment, including the assessment of the risks of material misstatement of the standalone Ind AS financial statements, whether due to fraud or error.
The key risks and mitigating actions are also placed before the Audit Committee of the Company.