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DRUGS LIMITED
SUBMITTED TO SUBMITTED BY
SUKHWINDER MAM PANKAJ SINGH
RT1002A10
Company Background
Shasun Chemicals and Drugs Limited was incorporated in 1976 and is
headquartered in Chennai, India. It manufactures activepharmaceutical
ingredients (APIs) and their
intermediaries. Shasun has also emerged as a key player in various
service segments
in the pharmaceutical field besides APIs and intermediaries.The
company’s APIs are sourced to reputed companies such as Boots Company
Co.,
GlaxoSmithKline and Reliant Pharma. Its productsare exported to more
than 40 countries acrossNorth America , Europe, Asia and Latin America.
The company’s revenues for FY 2006 were EUR 68.8 million, which
registered a growth
of 11 per cent over the previous year’%
223%96
acquisition has facilitated Shasun in catering to the requirements of the
majority of pharma players and emerging pharma companies.
Shasun has created a strong product portfolio, building on its R & D
Expertise, regulatory capabilities and multi scale production
capacities.
Shasun in Scotland
Shasun Pharma Solutions Limited also has a plant in Annan, South West Scotland.The
plant has a total area of 27 acre and has four production facilities which manufacture APIs
and a range of intermediaries. It has one of the best-equipped cGMPmanufacturing
facilities in the world.Both the facilities in Dudley, UK and Annan, Scotland are
complimentary to each other.
The Board of Directors of the company is pleased to recommend a dividend of Rs. 1 per
equity share of Rs. 2 each for financial year 2009-10. This dividend, if approved at the
ensuing AGM will be paid to those shareholders whose name appear on the register of
members of the company as on July 30, 2010. The total outflow on account of dividend
2. Directors
In accordance with the Articles of Association of the Company, Mr. S.
Vimal Kumar retires by rotation and is due for election.
Mr. A. Mahendran who had been appointed a Director of the Company with
effect from June 27, 2009 in the casual vacancy caused by the resignation of Dr. Jagdish N
Sheth holds office upto the date of the Annual General Meeting. He is eligible for election.
3. Auditors
The Statutory auditors of the company, M/s. Jagadisan & Company Chartered
Accountants retire at the ensuing Annual General Meeting and are eligible for re-
appointment.
4. Cost Audit
Pursuant to Section 233B of the Companies Act, 1956, the Central Government has
prescribed Cost Audit of the Company.
5. Listing arrangements
The company’s shares are listed at Bombay Stock Exchange and National
Stock Exchange and the annual listing fee have been paid to these exchanges.
6. Subsidiaries
The company has five subsidiary companies as on March 31, 2010. The members may
refer to the Statement under Section 212 of the Companies Act, 1956 and the information
on the financials of the subsidiaries
9. Personnel
The Directors wish to place on record their appreciation to the employees for the co–
operation extended to the management in harmonious industrial relations at the various
units as well as their notable contributions at the work place.
13. Acknowledgement
On behalf of the Board