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Page Industries Ltd. Proxy Solicitation & Information Statement 2021

Nov 30, 2021

62181_rns_2021-11-30_d6474fa4-45b8-4543-b7b3-d4b6bf03f949.pdf

Proxy Solicitation & Information Statement

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30 November 2021

The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited Rotunda Building Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Mumbai – 400 051

Dear Sir,

Sub: Newspaper advertisement on Postal Ballot - Reg.

We herewith enclosed copies of newspaper advertisement published in Business line and Samyuktha Karnataka on 30 November 2021 on Postal Ballot and E-Voting Instructions.

Copies of the said advertisement is also available on the website of the Company.

Thanking you,

Yours truly, For Page Industries Limited

Digitally signed by Murugesh Date: 2021.11.30 15:45:14 Murugesh +05'30' Murugesh C Company Secretary Encl: as above

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BENGALURU

NEWS 7

BusinessLine TUESDAY[•] NOVEMBER 30[•] 2021

Branches added by banks in FY21 at a decade low

Cashfree Payments invests $15 million in UAE­based Telr

Digitisation, consolidation and rise of alternative channels seen as reasons

Digitisation, consolidation and rise of a branch, customers will in­ No appetite for expansion creasingly be using mobile alternative channels seen as reasons phones for meeting banking re­ As at Branches of scheduled quirements. The investment will enable Cashfree to K RAM KUMAR Given that alternative bank­ March-end commercial banks “The endeavour is to have a Mumbai, November 29 ing channels are gaining pop­ No. of branches Increase right mix of physical and digital launch its offerings in the MENA region Banks added only 1,383 ularity as they offer the conveni­ 2021 1,54,485 1,383 infrastructure. The Bank is look­ branches in FY2021, the lowest ence of banking at customers’ 2020 1,53,102 7,728 ing at significantly expanding OUR BUREAU Founder, Cashfree Payments in a decade, as banking via al­ fingertips (mobile and internet 2019 1,45,374 3,465 its presence across locations Bengaluru, November 29 told BusinessLine, “The entire ternative channels such as di­ banking) as well as doorstep 2018 1,41,909 1,693 through new BCs and lighter Payments and API banking West Asian market is growing gital and Business Correspond­ents (BCs) gained traction amid banking via BCs, Banks’ will goslow on expansion of brick­and­ 2017 1,40,216 5,358 formats,” Sanjiv Chadha, MD &CEO, Bank of Baroda, said in the solutions company CashfreePayments has made an equity rapidly when it comes to digit­isation. The MENA region is wit­ the Covid­19 pandemic. mortar branches to save on 2016 1,34,858 4,376 FY21 annual report. investment of $15 million in nessing a continuous trans­ transition whenever they go to Banks had expanded their costs, say industry experts. 2015 1,30,482 9,517 As part of the integration of Telr, a Payment Service Provider ition towards cashless other geographies across the branch network by 7,728 in 2014 1,20,965 11,686 Vijaya Bank and Dena Bank with (PSP) in UAE and Saudi Arabia. transactions, with traditional world. And, companies will not FY20, according to RBI data. EASE of banking 2013 1,09,279 8,474 BoB, the latter merged or ration­ With this investment, Cash­ brick­and­mortar businesses have to go look for new bank­ Another reason for the fewer The latest EASE (Enhanced Ac­ 2012 1,00,805 8,688 alised 1,310 branches and 1,135 free has become the single moving towards expanding on­ ing partners in these new coun­ branch additions in FY21 was cess and Service Excellence) re­ 2011 92,117 ATMs during FY21. largest stakeholder in Telr. This line offerings. Today, less than 2 tries,” Sinha noted. that five large public sector port underscored that through Source: RBI Rajkiran Rai G, MD & CEO, strategic investment will en­ per cent of retail purchases in Cashfree’s pay­outs offering banks (PSBs) — Bank of Baroda, improvements in digital chan­ Union Bank of India (UBI), high­ able Cashfree to launch its of­ these countries happen online. is integrated into the payments Punjab National Bank, Canara nels, most branch­based ser­ on these channels, many PSB broad­based use of technology, lighted the cost synergy that ferings in the MENA region on So, there is a huge market flows of internet businesses Bank, Union Bank of India and vices are now accessible to the customers have increasingly ad­ the Covid­19 pandemic has can be achieved by way of op­ the back of Telr’s presence and opportunity.” like Cred, Dream11, Acko, Indian Bank — went in for customers from home and mo­ opted them for day­to­day bank­ fuelled the proliferation of di­ timisation of physical distribu­ payment infrastructure. The He added that another Xiaomi and Nykaa among oth­ branch consolidation following bile, including in local lan­ ing needs. “Seventy­six per cent gital modes of payment, pro­ tion of network through two companies also plan to reason for this investment is ers. The six­year­old company amalgamation of select PSBs guages. of all the financial transactions pelling the country towards branch & ATM network merger/ build a cross­border payments that today a lot of Indian busi­ claims to be profitable for the with them. This has enabled convenient across PSBs are now undertaken ‘less­cash’ alternatives. rationalisation, employee align­ platform to help Indian mer­ nesses are going global, and past four financial years. As at March­end 2021, the net­ access to banking services, in­ through home and mobile ment, among others, in the chants accept payments from West Asia is one of the popular Founded in 2014, Telr is a work of offices of scheduled cluding during the nationwide channels such as mobile bank­ Mobile banking Bank’s annual report. customers in the MENA region expansion locations among UAE­based payment gateway commercial banks increased to lockdown imposed due to the ing application, internet bank­ “Bank’s mobile application will Following the amalgamation and vice­versa. these companies. “The inten­ solutions provider. It enables 1,54,485 from 1,53,102 as at pandemic. ing platform, call centre, etc,” be the primary interface for cus­ of Andhra Bank and Corpora­ tion here is that once a com­ handling payments in over 120 March­end 2020, as per RBI “Encouraged by the conveni­ the report said. tomers. Apart from a few ser­ tion Bank with UBI, the latter Growing market pany starts working with Cash­ currencies and 30 languages in data. ence and quality of experience Besides augmenting the vices which are best delivered at merged 277 branches in FY21. Akash Sinha, CEO and Co­ free, they will have a seamless asecured fashion.

BharatPe to launch gold loans for merchants soon

Gig workers’ union writes to Swiggy co-founder demanding better payouts Close to 10,000 delivery workers in Hyderabad Shadowfax and Rapido, etc. Super zones introduced was was are expected to go on an indefinite strike introduced was

Paytm Payments Bank rolls out all-in-one card

CAG asks C­DOT, C­DAC to recover, regularise ad hoc bonus of ₹1.54 cr

Close to 10,000 delivery workers in Hyderabad Shadowfax and Rapido, etc. Plans to raise about WX KR SRIVATS are expected to go on an indefinite strike concept Super zones introduced was bya $100 m in debt The fintech has alreadytied up with NBFCs for New Delhi, November 29Paytm Payments Bank bonus of ₹1.54 cr Swiggy last year, wherein a over 6­9 months gold loans and will be (PPBL) has rolled out a OUR BUREAU YATTI SONI “While the payout struc­ couple of nearby regions are ‘Paytm Transit Card’, aiming New Delhi, November 29 providing doorstep as Bengaluru, November 29 ture has remained un­ clubbed together to in­ SURABHI well as branch collection to equip millions of Indians The Comptroller and Auditor Telangana Gig and Platform changed, our active delivery crease a delivery partner’s Mumbai, November 29 facilities with one physical card for General of India (CAG) on Workers Union has written a executives in Hyderabad are delivery radius and the Fintech BharatPe, which is look­ all their everyday needs — Monday said that Centre for De­ letter to Swiggy’s co­ now earning 30 per cent number of orders. The ing to grow its loan book to $ 1 from travel in metro, rail­ velopment of Telematics (C­DoT) WX founder Srihasha Majety de­ higher per hour than what worker union claimed that billion by March 2023, is set to consumer side. ways, State­owned bus ser­ and Centre for Development of The card can be used for manding better payouts for they did a year ago. the increased radius results soon launch a gold loan vices, toll & parking charges Advanced Computing (C­DAC), travel in metros, buses the delivery partners. “Delivery executives in Hy­ in more travel expenses for product for merchants and is Supply-chain financing to payments at offline mer­ under the Ministry of Electronics However, in its response derabad earn amongst the them. upbeat about its supply chain In an interaction with Business- chant stores, online shop­ and trains, at ATMs and and Information Technology to BusinessLine , Swiggy highest in the country. Un­ Commenting on the let­ finance business. Line , Sharma said supply chain ping and more. to pay toll and parking (MeitY) have disbursed ad hoc bo­ denied the union’s claim fortunately, a few delivery ter, Shaik Salauddin, “The acceptance of small finance has huge potential The first phase of roll­out charges and for nus amounting to ₹56.60 lakh and said that delivery part­ executives have chosen to Founder State President Tel­ merchants and self­employed given the requirement for is being launched in collab­ purchases at stores and ₹97.70 lakh, respectively dur­ ners are currently earning oversee these facts and mis­ angana, Telangana Gig and persons towards taking gold short­term credit amongst mer­ oration with Hyderabad ing two financial years, which the highest they have ever represent their earnings Platform Workers Union, loans is well established. We are chants and small businesses Metro Rail, Ahmedabad need to be recovered from the been. with Swiggy. We are making said “the company should disrupting the market through and said the company plans to Metro and the Delhi Airport cial inclusion and accessibil­ employees concerned or Starting November 29, the conscious efforts in helping engage directly with the our distribution, pricing, wide scale it up in the coming year. Express Line. ity for all. We are glad to be a regularised. union members in Hydera­ them understand how their union, instead of ignoring presence and our existing rela­ “Through supply chain fin­ The card linked to the part of the NCMC initiative “C­DoT disbursed ad­hoc bonus bad are wearing black bands earnings have in fact only our demands. Delivery tions we have with the mer­ ance, we will address the flow Paytm Wallet can be used for and will continue to work amounting to ₹56.60 lakh for (black badge protest) as grown,” a Swiggy spokesper­ workers from other regions chants. between the merchant and his all transactions of a user — towards the digitisation of 2015­16 and 2018­19, even though they continue to deliver or­ son said. like Gujarat, Mumbai, Kolk­ “We are supplier. We from travel in metros, buses the transit ecosystem in the no orders were issued by the Min­ ders. ata, Chennai are also ready already pro­ are going up to and trains, to pay toll and country while driving the istry of Finance for payment of ad­ The letter also noted that Union demands to join the protest, if our de­ cessing pay­ the manufac­ parking charges, payment at adoption of smart mobility hoc bonus to the employees of close to 10,000 delivery The union demands include mands are not met.” ments for turer and fin­ offline and online stores to solutions.” Autonomous Bodies (ABs). This workers (both full­time and a minimum base pay is ₹35, Post­pandemic, change in them and they ancing each withdrawal of cash from The launch of the Transit resulted in irregular payment part­time) in Hyderabad are increase batch order pay to pay structure had instigated trust us to leg of the sup­ ATMs. Card is aligned with the which needs to be recovered from expected to go on an indef­ ₹20, re­introduce customer strikes against Swiggy in keep the gold safe,” said Nishit ply chain. So that itself could be firm’s initiatives to bring the concerned employees or reg­ inite strike and boycott de­ doorstep delivery charge of September 2020 and since Sharma, Chief Revenue Officer, a huge market of receivables, Financial inclusion drive out products that make ularised,” a CAG report tabled in livery work, if their de­ ₹5, increase distance pay then delivery workers’ de­ BharatPe. financing, invoice discount­ Users can top up the Paytm banking and transactions the Rajya Sabha said. mands are not met by from existing ₹6 per km to mand for better payout has The fintech has already tied ing,” Sharma said, adding that Wallet account to use the seamlessly operable for all Similarly, C­DAC disbursed ad­ December 5. ₹12, monthly rating incent­ remained constant. up with NBFCs for gold loans BharatPe’s existing ecosystem card and do not need to Indians. hoc bonus amounting to ₹97.70 The union has also given a ive should be re­introduced, “Continued increase in and will be providing doorstep has about 75 lakh merchants. maintain any separate ac­ ‘Paytm Transit Card’ lakh for 2015­16 and 2016­17, even copy of the letter to L super zones should be re­ the price of petrol, and as well as branch collection “Over the lifetime, we have count. would help promote Na­ though no orders were issued by Chaturvedi, Joint Commis­ moved to reduce delivery ra­ other essential commodit­ facilities. given loans to about 3.5 lakh Satish Gupta, MD & CEO of tional Common Mobility the Ministry of Finance for pay­ sioner of Labour Ranga dius, stop assignment of or­ ies is impacting the earn­ “We are conducting various merchants and there is a lot of Paytm Payments Bank said, Card (NCMC) and the Digital ment of ad­hoc bonus to the em­ Reddy Zone. der to third parties like ings of delivery workers. In­ pilots and once we have sorted scope within this ecosystem as “The launch will drive finan­ India initiative further. ployees of Abs, it said. spite of working for 12­15 the flows well and we are ready well to lend. hours, we are unable to for a multi­city launch, we will Getting from $ meet basic needs like house do that quickly. It is right 200 million to $ rents, children’s school fees around the corner,” Sharma 1 billion is very which are rising day by day,” said. achievable,” he the union wrote in the latest BharatPe also plans to raise said. letter. about $80 million to $100 mil­ The average In response, Swiggy’s lion in debt over the next six to ticket size of spokesperson said they had nine months to grow its loan merchant loans introduced a fuel incentive book further. is about earlier this year, which is in­ Unity Small Finance Bank — ₹70,000 to dexed to the changing its joint venture with Centrum ₹75,000 on a Delivery workers from other regions like Gujarat, Mumbai, Kolkata, prices and factors in the in­ Group — will also provide more daily instal­ Chennai are also ready to join the protest creased fuel expenses. coverage on the merchant and ment basis.

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‘NBFCs assets to improve on tailwinds’

Crisil sees AUMs of shadow banks growing by 8­10 per cent to ₹30­lakh crore in FY23

Crisil sees AUMs of shadow banks and gold loans will be the mate credit losses are not least impacted, unse­ expected to change signi­ PUBLIC NOTICE growing by 8­10 per cent to cured, and micro, small ficantly. NOTICE REGARDING Lost Certificates and medium enterprises CRISIL said the perform­ of Ultra Tech Cement Ltd. Reg Of₹30­lakh crore in FY23 fice B Wing, Ahura Centre, 2nd loans will bear the brunt. ance of the restructured Floor, Mahakali Caves Road, And- OUR BUREAU loans. It assessed that GN­ book is a key heri East, Mumbai, Maharashtra, Mumbai, November 29 PAs are expected to in­ Stressed assets monitorable. 400093. I K G LEELA W/O .Late. K MGurupadappa Residing at No. 119, Assets under manage­ crease, mostly because of The agency expects GNPAs Overall, fragile assets Doddapet Tiptur Rural, ment (AUM) of non­bank­ the revision in recogni­ to increase by 25­300 (GNPAs + slippages due to Kotanayakanahalli ,Tumkur,Karnataka 572201.The registered holder of ing financial companies tion norms and, to some basis points (bps) based the impact of regulatory the under mention shares held in (NBFCs) is set to grow 8­10 extent, due to slippages on asset class because of norms and from the re­ the above said company,hereby give per cent to about ₹30­ from the restructured the new recognition structured book) are seen notice cates in respect of the sharesthat the shares certifilakh crore in FY2023, rid­ book. norm. However, the in­ at ₹1.6­lakh crore, tan­ have been untraceable and we have ing on two tailwinds — Gurpreet Chhatwal, crease in GNPAs because tamount to 5­6 per cent of applied to the company for issue of duplicate certificates. Any perimproving economic Managing Director, CRISIL of the revised recognition the industry’s AUM as of son having claim in respect of the activity, and strengthened Ratings Ltd, said: “Many norms will be largely an March 2022. said share should lodge such claims with the Company at its balance sheet buffers, ac­ NBFCs have built higher accounting impact be­ This does not factor in above referred address within 15 cording to CRISIL Ratings. liquidity, capital and pro­ cause, given the improv­ the impact of a third wave days from this date,else the CompaThis compares with an visioning buffers in the ing economy, the credit of Covid­19, especially the ny will proceed to issue duplicateshares certificates and no further estimated growth of 6­8 recent past. profiles of borrowers are just­discovered Omicron claim will be entertained by the per cent this fiscal (to “That, combined with not expected to deterior­ variant, which is a risk Company thereafter. 1,Folio Number K75612 Certificates no 158551,Dist about ₹27 ­akh crore) and improving economic ate. Consequently, ulti­ factor. no from 37511833 to 37511885 Qty 2 per cent last fiscal activity, puts them 53 Sd/ K G Leela Place :Tiptur (about ₹25­lakh crore in a comfortable AUM outstanding). position to capital­ However, the credit rat­ ise on growth op­ ing agency cautioned that portunities. How­ NBFCs face three head­ ever, competition winds — competition from banks will in­ from Banks, expected in­ tensify.” crease in gross non­per­ Asset quality wor­ forming assets and fund­ ries have also mani­ ing access, which is yet to fested due to recent fully normalise. regulatory clarifica­ The agency noted that tions, and uncer­ intensifying competition tainty over the per­ from banks, flush with li­ formance of the quidity, that have restructured book. sharpened focus on retail While home loans

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BENGALURU

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