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Cords Cable Industries LimitedCords Cable Industries LimitedMANAGEMENT DISCUSSION & ANALYSCIN : L74999DL1991PLC046092Registered Office : 94,1st Floor, Shambhu Dayal Bagh Marg,COMPANYOVERVIEWNear Okhla Industrial AreaPhase-III, OldIshwar Nagar, New Delhi – 110020Tel : 91-11-40551200;Fax: 91-11-40551280/81Cords Cable IndustriesLimited (CORDS) is a specialisedWebsite : www.cordscable.com, E- Mail: csco@cordscable.comstabilisation of the GSTin 2017 and is projectein 2018 on the backimprovement in Indconsumption.Control & Instrumentation cable company offering widerange of cable products to multiple industries. CORDS hasover 3 decades of rich experience and enjoys a strongbrand image in the B2B segment. CORDS designs,INDUSTRY SCENARINOTICEdevelops and manufactures a varied range of Power,Control, Instrumentation, Thermocouple Extension / The Global wires and cCompensating and Communication cables. The company’s USD 297 Bn by 2019. TthNOTICE is hereby given that the 29 (Twenty-Ninth) Annual General Meeting (“AGM”) of the shareholders ofstate of the art manufacturing plants are located at Alwar is categorised into twCords Cable Industries Limited will be held on Tuesday, September 29, 2020 at 03:00 p.m. (IST) at the registeredTelecom cables. In Indin Rajasthan.office of the Company through Video- Conferencing (“VC”)/ other Audio Visual Means (“OAVM”), to transact theexpected to be at 6following BUSINESS:CORDS is in the business of providing cost-effective andestimated levels of 51quality solutions for various electrical and signalORDINARY BUSINESS:industry is categorisedconnectivity requirements. CORDS has carved a niche in& Specialitycables. S1. Adoption of the audited financial 31,2020,manufacturing of customised cables as per the customer’sInstrumentation cablestogether with the Reports of the Board ofspecifications.Directors andClosethe Auditorsthereon:to 95% of the company’s orders areGovernmentof India haTo receive, consider and adopt the Audited Financialthe Company forthe Financialonbased onStatementcustomerofspecifications.About86% of Yearthe endeda specific focus onMarch 31, 2020, together with the Reports ofcompany’sthe Boardcableof Directorsand oftheInstrumentationAuditors thereonand in thiswithregard,comprises& Controlpass the following resolutions as an OrdinaryResolution:cablesand balance 14% comprises of Power cables. country. Various proinfrastructureare undeInvestmentsinfrastructurevariousindustrieswill 31,“RESOLVED THAT the audited financial statement of theincompanyfor theandfinancialyearended March2020Cableindustryare inteprovetobeabigpositiveforthecompany.CORDSand the reports of the Board of Directors and Auditors thereon laid before this Meeting, be and are evehigherefficiencies,costconsidered and adopted.”control, better preventive maintenance and focuses on Refineries, Infrastruct2. Declaration of dividend on no(s) 1,60,000 Cumulative Redeemable Non Convertible Preference Sharesdifferent infrastructureimproving its product mix to attain economies of scale.@10% p.a. for the FY 2019-20:government initiatives,To declare dividend on No(s) 1,60,000 CumulativeNon-Convertibleincrease considerabECONOMICOVERVIEW: Redeemable Preference Sharesto@10%p.a. for the F.Y. ended on March 31, 2020 and in this regard, pass the following resolutions as an OrdinaryGlobal:With the growth of otheResolution:and Cable industry is iAccordingmadeto WorldEconomicOutlook,April2018, global“RESOLVED THAT pursuant to the recommendationby theBoard ofDirectors,dividend@10% on No(s)growth stoodat 3.8%Sharesin 2017@10%which was2011 declared1,60,000 Cumulative Non-Convertible RedeemablePreferencep.a.fastestbe andsinceare herebyandisprojectedtogrowat3.9%in2018&2019.This OPPORTUNITIES IN Vfor the F. Y. ended on March 31, 2020 and be paid to the preference shareholder(s).”growth has been quite broad-based with Europe and Asia Oil & Gas –3. Appointment of a Director in place of Mr. Sanjeev Kumar (DIN 07178759), who retires by rotation and,seeing surprisingly strong growth. The U.S. economyThe oil and gas sectorbeing eligible, offers himself for re-appointment:continues to do well which has been further boosted byand plays a majorTo appoint a Director in place of Mr. SanjeevtheKumar(DINwho retiresby androtationand, being Indiaeligible,recenttax07178759),cuts. EmergingMarketsDevelopingforallthe other imporoffers himself for re-appointment and in this Economiesregard, passgrewthe followingasarean Ordinaryby 4.8% resolutionsin 2017 andprojected Resolution:toGovernment of India hthgrowby 4.9% &who5.1%retiresin 20182019, respectively.“RESOLVED THAT Mr. Sanjeev Kumar (DIN07178759)by&rotationat this 29 Annual Generalthe increasing demandMeeting, be and is hereby re- appointed as a Director of the Company.”Green shoots of trade recovery that was seen towards the per cent Foreign DirectSPECIAL BUSINESS:end of FY 2016, continued in FY 2017, aided by the of the sector. India’s oirecovery &in Associates,global demandand Accountants,sustained changesmajor appointedCAGR of 3.6 per ce4. Ratification of Remuneration of M/s. S. ChanderCostNewinDelhi,commodityprices.Challengesto the31,globalgrowth do Equivalent (MTOE) byas the “Cost Auditors” of the Company forthe FinancialYearending March2021:withmodification(s),rich asset valuationsacross theglobe, risingmore than double by 2To consider and if though fit, to pass with persistor withoutthe followingresolutionas an Ordinaryoil prices, rising protectionism and trade tensions betweenResolution:India’s annual refiningmajor economies, and from geo-political developments into 439million tonnes, eq“RESOLVED THAT pursuant to the provisions of Sections 148 of the Companies Act, 2013, readwithNorth East Asia and the Middle East.per2013,day (bpd) by 2030Companies (Audit and Auditors) Rules, 2014 and other applicable provisions, if any of the Companies Act,expansion plans of varthe remuneration payable to M/s S. Chander& Associates, Cost Accountant (Firm Registration No 100105),India:as a refinery hub as theappointed by the Board of Directors, as the Cost Auditor of the Company to conduct audit of cost accountingFY 2017-18markeda significanteconomicmeasureby Recordsgrowth in the refiningrecords of the Company maintained under Companies(CostRecordsand Audit)Rules, 2014and (Costgovernment:The GoodsServices Taxwas (RupeesPetroleum and Naturaand Audit) Amendment Rules, 2014, for thetheFinancialYear 2020-21at aandremunerationof (GST) 1,07,000/implementedfromincurredJuly, 2017as the nationmovedto ‘one audit(OMCs)One Lac Seven Thousand only) and out of pocketexpensesin connectionwiththe aforesaidand will be investination-onetax’. The reform measure has helped India upgradation programmother applicable taxes, be and is hereby ratifiedand confirmed.”move into the Top 100 Club in World Bank’s ‘Global Ease more than 28,000 crof Doing Business’ rankings. Indian economy showed to 35,000 crore thatstrong recovery during 2nd half of financial year post will further spend 2813
Cords Cable Industries LimitedMANAGEMENTDISCUSSION& ANALYSISConsideration and approvalof appointmentand remunerationof Mr. Sanjeev Kumar as Whole TimeDirectorofthecompany.stabilisation of the GST regime. GDP in India grew at 7.1%COMPANY OVERVIEWTo consider and if thought fit to pass with or withoutmodification(s)the followingas aandSpecialin 2017and is projectedto grow toresolution7.4% in 20187.8%CordsResolution:Cable Industries Limited (CORDS) is a specialisedin 2018 on the back of increase in Private capex,Control & Instrumentation cable company offering wideimprovementin andIndustrialand rise –inifTHATto the provisionsSection196, 197, 203any otherProductionapplicable provisionsrange“RESOLVEDof cable productsto pursuantmultiple ication(s)orre-enactment(s)thereof, forover 3 decades of rich experience and enjoys a ,theconsentoftheMembersbeandareherebyaccordedbrand image in the B2B segment. CORDS :07178759),Wholedevelops and manufactures a varied range of Power,Time Director of the Company w.e.f. January 01, 2020 Thefor hisremainingtenureendingonMay29,2020.Global wires and cables industry is expected to be aControl, Instrumentation, Thermocouple Extension /RESOLVEDTHATcables.pursuantto the provisionsSection196, The197,Global203 andanyapplicableUSD of297Bn by THERCommunicationThe company’s– if any, of the Companies2013Act”),isincludingany statutoryre-enactment(s)categorisedinto twomodification(s)segments viz.orPowercables &stateprovisionsof the art manufacturingplants are Act,locatedat(“theAlwarthereof, for the time being in force read with Schedule VTelecomto the Act,the consentof thethe wiresMembersand areherebycables.In Indiaand becablesindustryisin Rajasthan.accorded to appoint Mr. Sanjeev Kumar (DIN : dexpected to be at 686 Bn by 2020 from the currentCORDSis in thebusinessof providingcost-effectiveandof ThreeYearswith effectfrom May30, 2020 Companyat a ls of mentioned 518 Bn. lectricalandsignalthe Board of Directors of the Company to increase, alterand vary,without furtherreferenceto thetheindustryis categorisedinto twosegmentsviz.members,Power cablesconnectivityrequirements.CORDShascarved a nicheinterms andconditions ofthe saidappointmentincludingremuneration,such manner,as includemay be Controlagreed uringof customisedcables asperMr.theSanjeevcustomer’sbetween theBoard of n.Instrumentation cables, Signalling cables, Data cables, etc.specifications. Close to 95% of the company’s orders areConsolidatedrate of 1,68,200/(RupeesOne Lac SixtyEight policyThousandTwoof Indiahas undertakenvariousreformsbasedSalaryon customer specifications. About86% Salaryof theat theGovernmentHundred Only) per month.company’s cable comprises of Instrumentation & Control with a specific focus on infrastructure development in theto ProvidentFundContributionthe ProvidentFund asVariousper the Rulesof the Company,presently 1800/p.m.country.projectsto developandupgradecablesContributionand balance14% comprisesof Power bytheappointeewillbereimbursedsubjecttothemaximum andInvestments in infrastructure and various industries will infrastructure are underway. The prospects of the Wire of10,000p.m.prove to be a big positive for the company. CORDS Cable industry are interlinked with the other industries viz:Gratuity strives to achieve higherGratuitypayable asper therules ofTelecom,the Company.Power,Railways, Real estate, Steel, veEncashmentEncashmentof leavethe rules ofInfrastructurethe Company. etc. With investments acrosscontrol,betterpreventive maintenanceand focusesonas perdifferentinfrastructureimprovingits product mix to attain economiesscale.TelephoneFree landoflinetelephone andmobile phonefacility will segmentsbe provided. in the background ofgovernment initiatives, the demand for cables is expectedRESOLVED FURTHER THAT in the event of any loss, absence or inadequacy of the profits of the Companyto increase considerably.ECONOMIC OVERVIEW:in any financial year, during the term of office of Mr. Sanjeev Kumar the minimum remuneration shall be paid inGlobal:the growthrelated industries,accordance with the provisions of Section II of Part II ofWithScheduleV of oftheotherCompaniesAct, 2013. the Indian WireandCableindustryisindeedboundto grow& prosper.Accordingto WorldEconomicTHATOutlook,2018, globalRESOLVEDFURTHERthe Aprilremunerationpayable to Mr. Sanjeev Kumar as Whole TimeDirectoris subject5.to stoodwaiveratdueto impactCOVID-19pandemic,applicable to all the employees of the Company, as per Company’sgrowth3.8%in 2017ofwhichwas fastestsince 2011Policy.and isprojected to grow at 3.9% in 2018 & 2019. This OPPORTUNITIES IN VARIOUS SECTORSgrowthhas been quitebroad-basedEuropeofandOil be& GasRESOLVEDFURTHERTHAT withthe BoardtheAsiacompanyand –is hereby authorised to take all such steps asseeingsurprisinglystronggrowth.TheU.S.economymay be necessary, proper and expedient to give effect Theto thisoilresolution.”and gas sector is among the six core industries incontinues to do well which has been further boosted byIndiaanda major rolein influencingmaking6. Appointment of Mr. Prem Kumar Vohra (DIN 00186923), asanplaysIndependentDirectorof thedecisionCompany.the recent tax cuts. Emerging Markets and omy.TheTo considerif thoughtfit, andto passwith or withoutmodification(s) the following resolution as a OrdinaryEconomiesgrew andby 4.8%in 2017are iestofulfilgrow Resolution:by 4.9% & 5.1% in 2018 & 2019, respectively.the increasing demand. The government has allowed 100“RESOLVEDTHATpursuantto theprovisions149,Foreign152 andotherapplicableprovisions,if any, ofGreen shoots of traderecoverythat wasseentowards oftheSectionper centDirectInvestment(FDI)in many segmentstheFYCompaniesAct, d of2016, continuedin andFY the2017,aidedby thereunder,the of thereadsector. India’s oil demand is expected to growat aVohra(DIN 00186923),was appointedbymajorthe recoveryin globaldemand andwhosustainedchanges inCAGR of 3.6 per cent to 458 Million Tonnes of Oilwith effectfromChallengesMarch 14, 2020terms growthof Sectionof the Companies Act, 2013, and who has submitted acommodityprices.to theinglobaldo 161Equivalent (MTOE) by 2040, while demand for energy willdeclaration that he meet the criteria for independence as provided in section 149(6) of the Act and who is eligiblepersist with rich asset valuations across the globe, rising more than double by 2040.for appointment as Independent Director and in respect of whom the Company has received a notice in writingoil prices, rising protectionism and trade tensions betweenu/s 160 of the Act from a member proposing his candidaturethe officeof Director,bewouldand isriseherebyIndia’sforannualrefiningcapacityby 77appointedper centmajor economies, and from geo-political developments inas an Independent Director of the Company, not liable toto439retireby rotation,to hold thetoofficeperiodbarrelsof onemilliontonnes, equivalentaboutfor8.8a millionNorthyearEastfromAsiaMarchand theEast.14,Middle2020 toMarch 13, 2021.”per day (bpd) by 2030, a government report said, listingexpansionplans ofandvariouscompanies.India is emerging7. Authority to create Mortgage and/or charge overthe movableimmovablepropertiesof theIndia:as a refinery hub as the last decade showed a tremendousCompany.FY 2017-18 marked a significant economic measure by growth in the refining sector. According to ministry ofTo create Mortgageand/oroverthemovableimmovable properties of the Company and in this regardthe government:The GoodsandchargeServicesTax(GST)was andPetroleumand Natural Gas, Oil marketing ingresolutionas a Special Resolution:implemented from July, 2017 as the nation moved to ‘one (OMCs)will be investing 90,000 crore by 2020 on fuel“RESOLVEDTHATpursuantto provisionsof IndiaSectionupgradation180(1)(a) andother applicableany, ofthenation-onetax’. Thereformmeasurehas helpedprogramme.The oilprovisions,companiesif havespent(includingany statutorymodification(s)or re-enactment(s)thereof),the consentof themoveCompaniesinto the TopAct,100 2013Club inWorld Bank’s‘Global Easemore than28,000 crore after2010 whichis in additionCompanybe andis herebyIndianaccordedto the Boardof Directors(hereinafterreferredto as “theBoard”whichTheytermof DoingBusiness’rankings.economyshowedto 35,000crore thatwas alreadyspenttill 2010.shallbe deemedto ing2nd halffinancial yearpostwill further spend 28,000 crore by 2020 for meeting theand hypothecations in addition to existing charges, mortgages and hypothecations created by the Company, on32
Cords Cable Industries LimitedMANAGEMENTDISCUSSIONANALYSISsuch movable and immovableproperties, both presentand future&andin such form and manner as the Board maydeem fit in favour of Banks/ Financial Institutions/ Agents/ Trustees etc. (hereinafter referred to as “Lenders”) forstabilisation of the GST regime. GDP in India grew at 7.1%COMPANY OVERVIEWsecuring the borrowings availed/to be availed by way of rupee/foreign currency loans, other external commercialin 2017 and is projected to grow to 7.4% in 2018 and 7.8%Cordsborrowings,Cable IndustriesLimited(CORDS)is a specialisedissue ofdebentures/ Bondsetc. on such terms and conditions as may be mutually agreed with thein 2018 on the back of increase in Private capex,lendersof the Companytowardssecurityfor borrowingof funds for the purposes of business of the Company.Control& Instrumentationcablecompanyofferingwideimprovement in Industrial Production and rise inrangeRESOLVEDof cable productstomultipleindustries.CORDShasFURTHER THAT the Board be and is herebyauthorized and it shall always be deemed to have beenconsumption.over so3 decadesof torichexperienceand enjoysa strongauthorizedfinalizeand executewith theLenders the requisite agreement, documents, deeds, writings andbrande-formsimageforinborrowingthe B2B and/segment.CORDSdesigns, mortgage(s) and/ or charge(s) and to do all such other acts,or creatingthe aforesaidINDUSTRY SCENARIO:developsrangeto ofPower,deedsandandmanufacturesthings as may abevariednecessarygiveeffect to the above resolution.”Control, Instrumentation, Thermocouple Extension / The Global wires and cables industry is expected to be aBy Order of the Board of DirectorsCompensating and Communication cables. The company’s USD 297 Bn by 2019. The Global wires and cables industryForCords Cable Industries Limitedstate of the art manufacturing plants are located at Alwar is categorised into two segments viz. Power cables &Telecom cables. In India the wires and cables industry isin Rajasthan.Sd/expected to be at 686 Bn by 2020 from the currentCORDS is in the business of providing cost-effective and(GarimaPant)estimated levels of 518 Bn. The Indian wires and cablesqualitysolutionsfor various electrical and signalPlace: NewDelhiCompanySecretaryindustry is categorised into two segmentsviz. PowercablesconnectivityCORDS has carved a niche inDate : Augustrequirements.26, 2020Mem.No.: 28170& Speciality cables. Speciality cables include Control&manufacturing of customised cables as per the customer’sInstrumentation cables, Signalling cables, Data cables, etc.specifications. Close to 95% of the company’s orders areRegisteredOfficebasedon customerspecifications. About 86% of the Government of India has undertaken various policy reforms94, 1st isesInstrumentation& Control with a specific focus on infrastructure development in theNearOkhlaIndustrialAreaPhase-III,cables and balance 14% comprises of Power cables. country. Various projects to develop and upgradeOld Ishwar Nagar,New Delhi –and110020Investmentsin infrastructurevarious industries will infrastructure are underway. The prospects of the Wire andTel: 91-11-40551200;Fax 91-11-40551280/81prove to be a big positive for the company. CORDS Cable industry are interlinked with the other industries viz:Website :www.cordscable.com,Mail: s to achieve Ehighercost Power, Telecom, Railways, Real estate, Steel, Cement,CIN : L74999DL1991PLC046092control,better preventive maintenance and focuses on Refineries, Infrastructure etc. With investments acrossdifferent infrastructure segments in the background ofgovernment initiatives, the demand for cables is expectedNOTES:to increase considerably.ECONOMIC OVERVIEW:1. In view of the continuing restrictions on the movement of people at several places in the country, due to outbreakGlobal:Withtheitsgrowthof otherrelatedthe Indianof COVID-19, the Ministry of Corporate Affairs (MCA),videGeneralCircularNo.industries,20/2020 dated5th r.2020 toreadwithEconomicGeneral Outlook,Circular No.dated 8th April, 2020 and General Circular No. 17/2020 datedAccordingWorldApril14/20202018, global13thApril,2020inissuedby thewasSecuritiesand ExchangeBoard of India (SEBI), have allowed the companies togrowthstoodat 3.8%2017 whichfastest since2011VARIOUSSECTORSconductthe AGMthroughVideoConferencing(VC) orOPPORTUNITIESOther Audio VisualINMeans(OAVM)during the calendarand isprojectedto growat 3.9%in 2018& 2019. Thisyearaccordancewithwiththe Europesaid circularsof MCA,growthhas2020.been Inquitebroad-basedand AsiaOil &SEBIGasand– applicable provisions of the Act and SEBI(ListingObligationsand growth.DisclosureRegulations, 2015 (“Listing Regulations”), the 29th AGM of theseeingsurprisinglystrongTheRequirements)U.S. economyThe oil and gas sector is among the six core industries inCompanyconductedthroughVCboosted/ OAVM.bycontinuesto doshallwell bewhichhas beenfurtherIndia and plays a major role in influencing decision makingthe recenttax cuts.Marketsand DevelopingLink IntimeIndiaEmergingPrivate Limited(‘LIIPL’)will be providingvotingthroughsectionsremote e-voting,participationfor facilityall the forotherimportantof the economy.TheEconomiesgrewthroughby 4.8%are andprojectedto during the AGM. The procedure for participating in the AGMin the AGMVCin/ 2017OAVMandfacilitye-votingGovernment of India has adopted several policies to fulfilgrow throughby 4.9%VC& 5.1%in 2018& 2019, respectively./ OAVMis explainedbelow and is also availableon the demand.website ofthegovernmentCompany www.cordscable.the increasingThehas allowed 100com.Green shoots of trade recovery that was seen towards the per cent Foreign Direct Investment (FDI) in many segmentsend2016, continuedin FY2017, toaidedby thesector.India’s Act,oil demandis expectedto growa2. ofthetheCompanies2013 (“theAct”), hangesinCAGRatof29th3.6AGM,per centto out458in MillionTonnesof Oilmaterial facts relating to Special Business to majorbe transactedas setthis Noticeis annexedcommodityhereto.prices. Challenges to the global growth do Equivalent (MTOE) by 2040, while demand for energy willpersist with rich asset valuations across the globe, rising more than double by 2040.3. prices,In termsthe provisionsSection152 betweenof the Act, Shri Sanjeev Kumar, retire by rotation at the India’s annual refining capacity would rise by 77 per centNominationandRemunerationCommitteeand themajor economies, and from geo-political developmentsin Board of Directors of the Company recommend his reto 439 million tonnes, equivalent to about 8.8 million barrelsNorthappointment.East Asia and the Middle East.per day (bpd) by 2030, a government report said, listingFurther additional information, pursuant to Regulations 26(4) and 36(3) of the Securities and Exchange Board ofexpansion plans of various companies. India is emergingIndia:India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and Secretarialas a refinery hub as the last decade showed a tremendousStandardon GeneralMeetings(“SS-2”) measureissued by bythe Institute of Company Secretaries of India (ICSI), in respectFY 2017-18markeda significanteconomicgrowth in the refining sector. According to ministry ofof Directors Theseekingappointment/reappointmentat this AGM as mentioned in Item No. 3 and 6 of this AGM Noticethe government:Goodsand ServicesTax (GST) wasPetroleum and Natural Gas, Oil marketing companiesis also annexedhereto.declarationsreceived from the Directors for seeking appointment /implementedfrom July,2017 Requisiteas the nationmoved tohave‘one been(OMCs) will be investing 90,000 crore by 2020 on fuelreappointment.nation-one tax’. The reform measure has helped India upgradation programme. The oil companies have spentmoveinto the100isClubWorldBank’sto‘GlobalEase4. SincethisTopAGMbeinginheldpursuantthe MCACircularsVC/OAVM,attendancemorethroughthan 28,000crorephysicalafter 2010which isofinMembersadditionof DoingBusiness’rankings.Indian economyshowedhas beendispensedwith. Accordingly,the facilityfor appointmentproxiesbywasthe Memberswill notavailableto 35,000ofcrorethatalready spenttill be2010.Theystrong2nd thehalfProxyof financialyear post Slipforrecoverythe AGM duringand henceForm, AttendanceRouteMap arenot annexedthis forNotice.willandfurtherspend28,000crore byto2020meeting theimproving its product mix to attain economies of scale.33
Cords Cable Industries LimitedMANAGEMENTDISCUSSION& ANALYSIS to attend the AGM, pursuantCorporate Shareholders intendingto appoint theirAuthorized Representative(s)to Section113 of the Companies Act, 2013, are requestedto sendto GSTthe Scrutinizer(KCGandgrewAssociates,stabilisationof theregime. GDPin Indiaat 7.1%COMPANYOVERVIEWCompany Secretaries), Link Intime India Private LimitedandtheCompany,ascannedcertifiedtruethein 2017 and is projected to grow to 7.4% in 2018copyand of7.8%CordsBoardCableResolutionIndustries withLimited(CORDS)is a specialisedattestedspecimensignature of inthe2018duly authorizedsignatory(ies)whoareauthorizedtoon the back of increase in Private capex,Control& Instrumentationcablecompanyofferingwideattendand vote on theirbehalfat the AGM.Thesaid rimprovement in Industrial Production and rise inrangebyofe-mailcable productsto multipleindustries.CORDStohasthrough itsregisteredemail addresskapoorgarg.cs@gmail.comwith a copy marked to shamwant.consumption.over kushwah@linkintime.co.in3 decades of rich experienceandenjoys a strongandcsco@cordscable.com.brand image in the B2B segment. CORDS designs,INDUSTRYSCENARIO:5. In case of joint holders attending the Meeting, only suchjoint holderwho is higher in the order of names will bedevelops and manufactures a varied range of Power,entitled to vote at the Meeting.Control, Instrumentation, Thermocouple Extension / The Global wires and cables industry is expected to be a6. The attendanceof the Membersattendingthe AGM USDthroughwill Globalbe countedfor thepurposeof297 VC/Bn byOAVM2019. Thewires andcablesindustryCompensatingand Communicationcables.The company’sthe quorum underSection103 of attheAlwarCompaniesAct, 2013. into two segments viz. Power cables &is categorisedstatereckoningof the art manufacturingplantsare locatedIn Indiathe wiresandandtheircablesindustry isin7. Rajasthan.Any request for inspection of the Register of DirectorsTelecomand obeat 686Bnby2020fromthemaintainedSection170 of theCompaniesandAct, 2013, the Register of Contracts or arrangements incurrentwhichCORDSis in the underbusinessof providingcost-effectiveestimated levels of 518 Bn. The Indian wires and nquality solutions for various electrical and signal189 of Companies Act, 2013 may please be sent to csco@industry is categorised into two segments viz. Power cablescordscable.com.connectivityrequirements. CORDS has carved a niche in& Speciality cables. Speciality cables include Control &manufacturingof customisedcablesas perTransferthe customer’s8. The Registerof Membersand ShareBooks of Instrumentationthe Company willbe closedfrom Wednesday,Septembercables,Signallingcables, Data cables,etc.specifications.Closeto 95%of the company’sare inclusive).23, 2020 toTuesday,September29, 2020orders(both daysbased on customer specifications. About 86% of the Government of India has undertaken various policy reforms9. Relevant documents referred to in the Notice and Explanatory Statement are available for inspection and requestcompany’s cable comprises of Instrumentation & Control with a specific focus on infrastructure development in theregarding the same may please be sent on csco@cordscable.com.cables and balance 14% comprises of Power cables. country. Various projects to develop and upgrade10. Memberssharesandin electronicmode areto intimateany changein their addressor bankinfrastructureare underway.The prospectsof the WireandInvestmentsin holdinginfrastructurevarious (“DPs”)with whomare re interlinkedthe accounts.other industriesviz:provemandatesto be a tobigpositivefor thecompany.CORDSholding sharesrequested costto adviseany Telecom,change inRailways,their addressbank mandatesto thePower,Realorestate,Steel, Cement,continuouslystrives into physicalachieve modehigherareefficiencies,Company/ Company’sRegistrar andTransferAgents,i.e. Link IntimeIndia Privateetc.LimitedInfrastructureWith investments acrosscontrol,better preventivemaintenanceandfocuseson Refineries,differentinfrastructuresegmentsthe sofscale.11. In accordance with, the General Circular No. 20/2020 dated 5th May, 2020 issued by theinMinistryof sexpectedAffairs (MCA) and Circular No. SEBI/HO/CFD/ CMD1/CIR/P/2020/79 dated 12th May, 2020 issued by theto increase nd Exchange Board of India (SEBI), the StandaloneStatements of the Company for fBoardofDirectors,Auditors’ Reportor otherGlobal:With the growth of otherStatut
Control & Instrumentation cable company offering wide range of cable products to multiple industries. CORDS has over 3 decades of rich experience and enjoys a strong brand image in the B2B segment. CORDS designs, develops and manufactures a varied range of Power, Control, Instrumentation, Thermocouple Extension / Compensating and Communication .
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