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MUMBAI | TUESDAY, 5 FEBRUARY 2019 Jawa …anjanicement.com/UFR Q3 - BS and Navasakthi -...
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T E NARASIMHAN
Chennai, 4 February
Booked out till September2019, the newest two-wheeler brand to hit the
Indian roads is actually the old-est kid on the block. And as itlooks to spread its footprint andbuild a premium clienteleamong a new generation of bik-ers, its joint owners—ClassicLegends, a 60:40 partnershipbetween Anand Mahindra andBoman Irani along with PhiCapital’s Anupam Thareja—arerevving down nostalgia street.It’s more than 100-year old his-tory is being used in a variety ofways, through merchandise,communication initiatives anddesign throwbacks, to craft abrand story that resonates withyoung premium bike aspirants.
“We are trying to createwarm brand experience,” saysAshish Joshi, chief executiveofficer, Classic Legends. Oneway the company is looking todo that is to present the bike asmore than a pair of wheels;much like what Royal Enfieldhas done in the past, its dealer-ships have been tailored to lookmore like experience centres.Here buyers can walk in, readabout the bike’s Czech origins,dig into motorcycle folklore orbuy T-shirts and accessories orbrowse around the small libraryof books located in the space.
These centres aim to re-tread the brand’s classic appealand present a strong contenderto Royal Enfield. Most Jawacentres are located just a shortwalk away from Royal Enfield'scompany owned outlets; thedeliberate choice of locationssending out a clear signal that itis looking to play the role of thechallenger brand, notwith-standing its age and legacy.
The target consumer is theyoung rider (most customerswho have booked are between
24 and 30 years) in the marketfor a 250-500cc motorcycle seg-ment and willing to shell outupwards of ~1.5 lakh for a bike.The three models that wereshowcased in November 2018were: Jawa, Jawa 42 and JawaPerak (to be launched), startingat ~1.55 lakh and going up to~1.89 lakh (all prices ex-Delhi). Itis more expensive than RoyalEnfield's 350cc (~1.39 lakh).
Online booking for the firsttwo products has been tem-porarily halted given the hugewaiting list of buyers. Ordersare being taken at the dealer-ships, but the earliest one canexpect a delivery is by the endof 2019. “If you book today,delivery could be no earlierthan November,” says Joshi.
The bike category that Jawais in is expected to grow atmore than 25 per cent annual-ly through 2021. It grew to 8.33lakh units at the end of 2017-18accounting for 6.6 per cent ofthe overall motorcycle marketand Royal Enfield holds nearly95 per cent of the segment. Insuch a scenario, Joshi says,Classic Legends will be anaggressive player. It hasplanned to open 105 dealer-ships by the end of February2019, up from the current 23.“This will be the fastest ramp-
up,” says Joshi.The emphasis is on legacy
but the brand cannot be builton its past alone, the companysaid. Customer experience viathe product, through sales andthrough service will be key too.
For the Czech brand, Indiais not a new market. The com-pany had a factory in Mysorein 1961 that sold the Jawa 250,a descendant of the Jawa‘Perak’. The Jawa 250 heldsway for ten years, but from1971, the brand sold under theYezdi label in India. Yezdifound its way into popular cul-ture, turning into a generic ref-erence for all bikes and an inte-gral part of chase scenes inHindi movies. However in1996, Jawa/Yezdi moved out ofthe market given the changein bike emission norms.
In its new avatar, Jawa plansto dig into old networks thatstill hold a strong recall for the
brand. It will also wait andwatch how the two models doin the market and bring theJawa Perak later this year. “Wewill consolidate with the threeproducts, before looking atbringing the third product,”Joshi said.
The aim is to go deep beforegoing wide with the brand. Thecompany will temporarily stopdealership expansion at the120-mark. The network willcover nearly 80 per cent of themarket and nearly 83 cities.And keeping in mind the criti-cism that Jawa drew in the past,over easy access to service cen-tres and replacables, the com-panysays it has put its energybehind these areas this timearound. The marketing push isaggressive on social media, butin towns where online penetra-tion is still low, the companyhas a slew of on-ground pro-motions planned.
Jawa retools its legacyfor millennial bikersWith experience centres, digital campaigns, and social media chatter, thebike brand is packaging history on a new set of wheels, to a new set of bikers
WHEELS OF CHANGE�� Launched in the 1930s, Jawa was meant to be alightweight and comfortable ride�� From 1960-71, Jawa sold in India through Ideal Jawaset up by Rustom and Farrokh Irani�� From 1971, Jawa was phased out and the company soldYezdi brand of bikes in the country�� In 2018, the brand was relaunched with two models — the Jawa and the Jawa 42. The Perakwill be in stores by the end of 2019
> FROM PAGE 1
The group of lenders to Zeemainly comprises MFs thatinclude Aditya Birla Sun LifeMF, HDFC MF, FranklinTempleton, and ICICIPrudential MF.
Sources say MFs have toldSebi the decisions taken bythem were keeping in mind theinterest of unitholders giventhe challenging circumstances.
A sharp drop in Zee groupshares on January 25 had putthe lenders in a spot.
“Invoking and liquidationof pledged shares would havecaused the shares to tumblefurther. At the same time, hold-ing on to the shares would haveraised the risk of default. Theformal agreement with Zeegives us more control. We arehopeful that they will be able toconduct strategic sale at fair val-ue,” said a MF official.
Under the agreement, Zeehas to enter into definitiveagreement for the proposedsale before July 31 and ensurethe transaction is completedbefore September 30. Further,Zee set up an escrow accountfor the transaction which willbe overseen by the lenders toensure the sale proceeds are
received and utilised properly.Sebi weighed the agree-
ment between the MFs, lendersand the Essel group and direct-ed them to ensure that interestof shareholder would not beimpacted. In the meantime,Zee will hold meetings onweekly basis (over conferencecalls) and monthly basis (inperson) to update lenders onthe sale process.
“In consideration of you nottaking any precipitative actionsagainst listed equity shares ofthe security companies and notdeclaring an event of default,even though the price of ZeeEntertainment and other Esselgroup listed company shareshave fallen, we undertake tomake payment of an addition-al premium (upside) on thebasis of price we achieve as partof the proposed sale,” the draftagreement states.
The Zee group has alsoagreed to transfer all the equityshares belonging to the pro-moter group to separate dematwhere the lenders will get view-ing rights.
Over 150 debt MF schemesgave exposure to the Esselgroup bonds and debentures.
Zee’s Chandra givespersonal guaranteeto mutual funds
But, the DoT changed its stance after RJiosought assurances from the governmentthat it won’t be held liable of RCom’s pastdues. RJio also extended theterms of the agreement bysix months.
Before this, in Januarylast year, RJio (owned byMukesh Ambani) and RCom(led by his younger brotherAnil Ambani) locked hornsin the Supreme Court overpayment of spectrum-usagecharges. Both, deniedresponsibility for it. RCom provided theDoT guarantees worth ~1,400 crore issuedby Reliance Realty, along with an under-taking that it would not create third-par-ty rights over the land belonging to therealty firm. RJio, however, was not satis-fied to go ahead with the deal. Sourcessaid the DoT was still waiting for the twoparties to settle differences before pro-
viding the no-objection certificate.
The Ericsson twistOn Monday, RCom also movedthe National Company LawAppellate Tribunal (NCLAT),to withdraw its opposition toan insolvency petition filed byEricsson India in the NCLT,Mumbai. Ericsson and RCom hadreached a settlement agree-ment in the NCLAT. The tribu-nal had, however, said Ericsson
could revive the insolvency petition ifRCom failed to pay within the deadline.
Now, Ericsson is opposing RCom’smove to go for insolvency as it fears thatunder the Insolvency and BankruptcyCode proceedings, it will end up being onlyan operational creditor, and consequently,get less than ~550 crore it is now getting,said sources in the company.
A breatherThe NCLAT on Monday also stayed the saleof RCom assets and invocation of bankguarantees against it till the next date ofhearing, February 12.
“Until further orders, appellants, cor-porate debtors, respondents or any thirdparties will not sell or transfer or alienateany movable or immovable assets of thecompany or corporate debtor,” a two-mem-ber Bench led by Justice S JMukhopadhaya said in its order. RComhad said on Sunday the challenges raisedby unreasonable minority lenders can benow be overcome through the NCLT’s 66per cent majority rule, against the 100 percent approvals rule.
According to the statement, the com-pany’s board also expects “substantialunsustainable debt and liabilities” to standextinguished under the NCLT process.
With inputs from Megha Manchanda
RCom bets on NCLT route to fast-forward RJio deal
New definition togive start-ups a biggerangel tax breatherThe government says no actionwill now be taken against thosefirms that have been servednotices until the matter isresolved. “We have asked I-Tdepartment officers to notenforce actions unless the issueis clarified. We need to findparameters for start-ups andangel investors to allow taxexemption," said AkhileshRanjan, member of the CBDT.
Start-ups want tax axedFacing sustained pressure
from start-ups and venture cap-ital funds over angel tax, thegovernment has twice relaxednorms for exemptions from thecontroversial levy. In January, itscrapped the existing mecha-nism to approve start-upsapplying for tax breaks underSection 56. While the tax hasnot been abolished outright, asmany demanded, start-upsneed not go through the inter-ministerial board now. Instead,new applications will be direct-ly evaluated by the CBDT.Firms will have to submit theirapplications through theDPITT, after which it will be for-warded to the CBDT. The CBDThas also been mandated to
evaluate and respond within 45days of receiving such applica-tions, a tax official said.
Venture capital firms, how-ever, complain that the newrules do little to help them sinceonly start-ups approved by theDPIIT would be eligible.“Officials acknowledged that ithas caused problems for start-ups, but also pointed out thatthe government’s idea is to pre-vent misuse. They said theywere keen to address the issueand were open to re-lookingseveral things to ensure start-ups do not face taxation undersection 56 — including the def-inition of an eligible start-up,criteria for investors and so on,"said Ashish Aggarwal, seniordirector and head of public pol-icy at National Association ofSoftware and ServicesCompanies.
Also, the earlier requirementfor start-ups to submit a reportfrom a merchant banker speci-fying the fair market value ofshares might be removed. Firmshad complained this was verycumbersome. Angel investorsneed not share their incomecertificates with start-ups now.
The tribunal had,however, saidEricsson couldrevive theinsolvency petitionif RCom failed topay within thedeadline
MUMBAI | TUESDAY, 5 FEBRUARY 2019 BRAND WORLD 15. <
1 Total income from Operations 11,004.79 10,488.57 9,027.63 31,722.88 27,550.05 37,359.382 Net Profit for the period (before tax,
Exceptional/Extraordinary Items) 371.68 507.25 481.99 1,810.61 2,622.69 3,568.34 3 Net Profit for the period Before Tax,
(after Exceptional/Extraordinary Items) 371.68 507.25 481.99 1,810.61 2,622.69 3,568.34 4 Net Profit for the period After Tax
(after Exceptional/Extraordinary Items) 237.41 323.70 327.67 1,163.97 1,723.50 2,343.92 5 Total Comprehensive Income for the
period (Comprising Profit for the period after tax and Other comprehensive income after tax) 227.31 307.34 311.41 1,146.93 1,708.89 2,353.51
6 Paid up Equity Share Capital 2,528.57 2,528.57 2,528.57 2,528.57 2,528.57 2,528.57 7 Reserves Excluding Revaluation
Reserve 20,480.68 20,253.38 19,292.38 20,480.68 19,292.38 19,943.42 8 Earnings per Share (EPS)
(Basic & Diluted) 0.90 1.22 1.23 4.54 6.76 9.31
For and on behalf of the Board of Directors of Anjani Portland Cement Ltd.,
A. Subramanian Managing Director
(DIN: 06693209)
Sl.No Particulars Three Months Ended Nine Months Ended 31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018 Unaudited Unaudited Unaudited Unaudited Unaudited Audited
Notes:1 The above is an extract of the detailed format of Quarterly Financial Results filed with the BSE Ltd and NSE Ltd under
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The full format of the Results is available on the Stock Exchange website (www.bseindia.com), (www.nseindia.com) and the Company’s website (www.anjanicement.com)
Regd.Office: 306A, The Capital, 3rd Floor, Plot No.C-70, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Tel. No.+91-22-40239909.
Extract of Unaudited Financial Results for the Quarter and Nine Months ended December 31,2018 CIN: L26942MH1983PLC265166 Website Address : www.anjanicement.com
ANJANI PORTLAND CEMENT LIMITED
(Rs. in Lakhs)
Place : Chennai Date : 04.02.2019
Year Ended
C-4410
Notice
Notice is hereby given that pursuant to Section 201 (2) of the
Companies Act, 2013 (“the Act”) the Company proposes to make
an application to the Central Government seeking approval under
Section 196 and other applicable provisions, if any, of the
Act for the appointment of Mr. Milind Patil (DIN: 02546815),
(a Non-Resident Indian at the time of his appointment) as a
Whole-time Director of the Company on November 14, 2018, for a
period of 5 (five) years on such remuneration and on such terms
and conditions as approved by the Board of Directors subject to the
approval of Members at the ensuing Annual General Meeting.
For PFIZER LIMITED
Prajeet Nair
Company Secretary
PFIZER LIMITEDCIN: L24231MH1950PLC008311
Registered Office: Pfizer Limited, The Capital, 1802 / 1901,Plot No. C – 70, G Block, Bandra Kurla Complex, Bandra (East),Mumbai 400 051. Tel: +91 22 6693 2000 Fax: +91 22 2654 0274
E-mail ID: [email protected] Website: www.pfizerindia.com
Place: Mumbai
Date: February 5, 2019
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