GREEN INITIATIVE BY MCA
Get Annual Reports and other communications through Email
‘Going Green begins at home’ is the company’s mantra in all aspects of its operations. 24 trees are felled for every 1 ton of paper printed, which translates to one tree being felled for printing 132 copies of our annual report. Acutely aware of this shocking truth and for maintaining the planet Earth evergreen, the Ministry of Corporate Affairs (“MCA”) has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies. Through its Circulars No. 17/2011 dated 21.04.2011 and No. 18/2011 dated 29.04.201, MCA has provided that the service of notice / documents by a company to its shareholders can now be made through electronic mode. In accordance with these circulars, Companies can now send various notices and documents, including Annual Report, to its shareholders through electronic mode to the registered e-mail addresses of shareholders.
Our annual report 2012-13 was communicated via email to over 340,000 shareholders thus saving around 127 tons of paper or approximately 3000 trees.
We seek whole hearted support for this noble initiative in preserving our forests. We would request share holders to register their e-mail IDs to get annual reports and other communications through email instead of paper mode.