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Uniphos Enterprises Ltd.

BSE: 500429 Sector: Others
NSE: UNIENTER ISIN Code: INE037A01022
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OPEN 134.50
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VOLUME 435
52-Week high 157.00
52-Week low 105.40
P/E 19.87
Mkt Cap.(Rs cr) 935
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 134.50
CLOSE 138.50
VOLUME 435
52-Week high 157.00
52-Week low 105.40
P/E 19.87
Mkt Cap.(Rs cr) 935
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Uniphos Enterprises Ltd. (UNIENTER) - Director Report

Company director report

To

The Members of

UNIPHOS ENTERPRISES LIMITED

Your Directors have pleasure in presenting their report and audited accounts for theyear ended 31st March 2022.

SUMMARY OF FINANCIAL RESULTS

(Rs in lakhs)

Year ended 31st March 2022 Year ended 31st March 2021
Profit before taxation 5393.85 2339.76
Less: Provision for taxation (66.52) (105.35)
Profit after taxation 5460.37 2445.11
Add: Balance brought forward 12212.41 9767.30
Less: Dividend for the year 2020-21 paid during the year 2364.56
Balance carried forward 15308.22 12212.41

DIVIDEND

Your Directors have recommended dividend of 282.5% i.e. '5.65 per equity share of facevalue of '2/- each for the financial year ended 31st March 2022 which ifapproved at the forthcoming 53rd Annual General Meeting ("AGM") willbe paid subject to deduction of tax at source to all those equity shareholders of theCompany whose name appear in the Register of Members as on close of Friday August 5 2022and whose name appear as beneficial owners as per the beneficiary list furnished for thepurpose by National Securities Depository Limited and Central Depository Services (India)Limited as of the close of business hours on Friday August 5 2022. The dividend onEquity Shares if approved by the Members would involve a cash outflow of '3929.34 lakhs.

The dividend recommended is in line with the dividend distribution policy of theCompany. The policy is available on the website of the Company under Investors section athttps://www.uelonline.com/

OPERATIONAL PERFORMANCE

During the year the Company traded in chemical of Ethylenediamine (EDA) totaling to'122.18 lakhs. Other income was '5709.73 lakhs as compared to '2649.65 lakhs in theprevious year.

The Company has earned profit of '5460.37 lakhs after tax as compared to profit of'2445.11 lakhs in the previous year.

The Company is engaged only in trading in chemicals. Though Company had some sales evenduring COVID-19 pandemic the Company's revenue was mainly from other income consisting ofdividend on equity shares and interest on loans the revenue of the Company during theyear under review was not impacted by COVID-19 pandemic.

FUTURE OUTLOOK

The Company continues to look at new opportunities of trading in chemicals in India.The Company's revenue is mainly from other income consisting of dividend on equity sharesand interest on loans. The financial asset of the Company is mainly investment in listedsecurity and accordingly any material volatility in the capital market may impact themarket value of the investment.

MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report forms an integral part of this Report.

TRANSFER TO RESERVES

No amount is transferred from Profit and Loss Account to the Reserve as provision forproposed dividend.

SHARE CAPITAL

The paid up Equity Share Capital as on 31st March 2022 was '1390.92 lakhs.

i) Issue of Equity Shares with differential rights Issue of Sweat Equity shares andIssue of Employee Stock Options

During the year under review the Company has not issued any shares with differentialvoting rights Issue of Sweat Equity shares and Issue of Employee Stock Options- (ESOS).

ii) Provision of money by company for purchase of its own shares by employees or bytrustees for the benefit of employees

The Company has no scheme of provision of money for purchase of its own shares byemployees or by trustees for the benefit of employees.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

Details of Investments covered under the provisions of Section 186 of the CompaniesAct 2013 ("the Act") read with the Companies (Meetings of Board and its Powers)Rules 2014 are given in the notes to the Financial Statements. The details of loan givenare provided in the notes to the Financial Statements. There are no guarantees issued bythe Company.

AUDITORS AND AUDITORS' REPORT

a) Statutory Auditor

At the 48th Annual General Meeting of the Company held on 8thJuly 2017 the members of the Company have approved the appointment of M/s. B S R &Co. LLP Chartered Accountants (ICAI Firm Registration Number 101248W/W-100022) as theStatutory Auditors of the Company pursuant to Section 139 of the Act for a term of 5(five) years from the Company's financial year 2017-18. The Statutory Auditor will holdoffice till the conclusion of 53rd Annual General Meeting of the Company.

The Audit Committee and the Board of Directors of the Company ("Board") atits respective meeting held on May 24 2022 recommended subject to approval of themembers of the Company at the forthcoming 53rd Annual General Meeting there-appointment of M/s. B S R & Co. LLP Chartered Accountants (ICAI Firm RegistrationNumber 101248W/W-100022) as the Statutory Auditors of the Company for a second term offive (5) years i.e. from conclusion of the 53rd Annual General Meeting tillthe conclusion of 58th Annual General Meeting to be held in the year 2027. Thenecessary resolution seeking your approval for their re-appointment as statutory auditorsis included in the notice of the ensuing annual general meeting along with briefcredentials and other necessary disclosures required under the Act and the Regulations.

The report of the Statutory Auditors on financial statements along with the notes formspart of the Annual Report and contains an Unmodified Opinion without any qualificationreservation or adverse remark.

b) Secretarial Auditor

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 the Board had appointed M/s. N. L.Bhatia & Associates a firm of Company Secretaries in Practice to undertake theSecretarial Audit of the Company for the financial year 2021-22. The report of theSecretarial Auditor for the financial year 2021-22 is unmodified and do not contain anyqualification reservation or adverse remark. The Report of the Secretarial Auditor isannexed herewith as Annexure to Board's Report.

The Board has re-appointed M/s. N. L. Bhatia & Associates a firm of CompanySecretaries in Practice to undertake the Secretarial Audit of the Company for thefinancial year 2022-23. They have confirmed their eligibility for the reappointment.

DIRECTORS

In accordance with the provisions of Section 152 of the Act and the Articles ofAssociation of the Company Mr. Jaidev Rajnikant Shroff (DIN: 00191050) Non-ExecutiveDirector of the Company retires by rotation at the ensuing 53rd AGM of theCompany and being eligible offers himself for re-appointment.

In the opinion of the Nomination and Remuneration Committee and the Board consideringhis long association with the Company seniority role played by Mr. Jaidev RajnikantShroff towards the growth of the Company and to reap the benefits of his rich and variedexperience in the various fields approval of shareholders is sought for re-appointment ofMr. Jaidev Rajnikant Shroff as a Non-Executive Director liable to retire by rotation.

Due to effect arising out of regulatory change in the provisions of SEBI ListingRegulations w.e.f. 1st January 2022 the Board at its meeting held on 30thDecember 2021 unanimously approved the change in the designation of Mr. Arun ChandrasenAshar from Non-executive Independent Director to Non-executive NonIndependent Director ofthe Company and also appointed him as Chairperson of the Board with effect from 30thDecember 2021.

The Company has received declarations from all the Independent Directors of the Companyconfirming that they meet with the criteria of independence as prescribed both undersub-section (6) of Section 149 of the Act and Regulation 16(b) of the SEBI ListingRegulations.

In terms of Section 150 read with Rule 6 of the Companies (Appointment andQualification of Directors) Rules 2014 all Independent Directors of the Company havesuccessfully registered their name for inclusion in the 'Independent Directors Data Bank'maintained by the Indian Institute of Corporate Affairs the declaration in this regardwas received from each of them. In the opinion of the Board all the independent directorsare persons of integrity and possesses the relevant expertise and experience (includingthe proficiency) as required under the Act and the Rules made thereunder.

None of the Directors of the Company has incurred any disqualification.

Pursuant to the provisions of the Act Regulations 17(10) and 25(4) (a) of the SEBIListing Regulations annual performance evaluation was carried out of the performance ofthe Board various Board Committees and the directors individually. Various parameterswere considered for evaluation and after receiving the inputs from the Directors theperformance evaluation exercise was carried out. The parameters included Business andEconomics Management and Leadership Strategic Planning Chemical Engineering FinanceRisk Compliance and Governance of directors Board's monitoring of various complianceslaying down and effective implementation of various policies level of engagement andcontribution of the directors safeguarding the interest of all stakeholders etc.

During the year under review all the Independent Directors met on 7thFebruary 2022 to discuss evaluation of the performance of Non Independent Directors andthe Board of Directors as a whole evaluation of the performance of the Chairman of theCompany taking into account the views of the Directors and evaluation of the qualitycontent and timelines of flow of information between the Management and the Board that isnecessary for the Board to effectively and reasonably perform its duties. The performanceof evaluation of each Independent Director was carried out by the Board. The Directorsexpressed their satisfaction with the evaluation process.

The information of Director seeking re-appointment as required pursuant to Regulation36(3) of the SEBI Listing Regulations and the Clause 1.2.5 of the Secretarial Standard onGeneral Meetings issued by the Institute of Company Secretaries of India is provide inthe annexure to the notice convening the 53rd AGM of the Company.

REMUNERATION POLICY

The Board has on the recommendation of the Nomination and Remuneration Committeeframed and adopted the policy for selection and appointment of Directors Seniormanagement and their remuneration. The Remuneration Policy is stated in the CorporateGovernance Report which forms part of this Report. The policy lays down criteria forselection of directors and senior management such as expertise experience and integrityof the directors independent nature of the directors personal and professional standingdiversity of the Board etc. At present no Director of the Company receives anyremuneration from the Company except payment of sitting fess to the Independent Directorsfor attending the Board and Committee meetings. The Senior management employees areworking for the Company on deputation basis.

FAMILIARIZATION PROGRAMME FOR THE INDEPENDENT DIRECTORS

Pursuant to the Regulation 25(7) of the SEBI Listing Regulations the Company hasworked out a Familiarization programme for the Independent Directors with a view tofamiliarize them with their role rights and responsibilities in the Company nature ofIndustry in which the Company operates business model of the Company etc.

Through the Familiarization programme the Company apprises the independent directorsabout the financial performance internal control system statutory compliances corporategovernance practices and regulatory updates.

At the time of appointment of independent director a formal letter of appointment isgiven which explains role responsibility and rights in the Company.

Details of Familiarization programme of Independent Directors with the Company areavailable on the website of the Company https://www.uelonline.com

DIRECTORS AND OFFICERS INSURANCE ('D&O')

During the year as required pursuant to the Regulation 25(10) of the SEBI ListingRegulations the Company has undertaken Directors and Officers insurance ('D & Oinsurance') for its Directors Officers and Employees of the Company which covers themfrom alleged breach of fiduciary duty while performing their duties.

NUMBER OF MEETINGS OF THE BOARD AND BOARD COMMITTEES

The details of the number of Board and Board Committees meetings of the Company are setout in the Corporate Governance Report which forms part of this Report.

COMPOSITION OF BOARD COMMITTEES

• Audit Committee

Pursuant to the provisions of Section 177(1) of the Act Rule 6 of the Companies(Meetings of Board and its Powers) Rules

2014 and Regulation 18 read with Part C of Schedule II to the SEBI Listing Regulationsthe Company has constituted an Audit Committee of the Board of Directors consisting of twoIndependent Directors and one Non-Executive Director. The details of the composition ofthe Audit Committee is provided in the Corporate Governance Report which forms part ofthis Report. During the Financial Year 2021- 22 all recommendations made by the AuditCommittee to the Board were accepted by the Board and there were no instances where therecommendations were not accepted.

• Nomination and Remuneration Committee

Pursuant to the provisions of Section 178 of the Act Rule 6 of the Companies (Meetingsof Board and its Powers) Rules 2014 and Regulation 19 read with Part D of Schedule II tothe SEBI Listing Regulations the Company has constituted a Nomination and RemunerationCommittee of the Board of Directors consisting of two Independent Directors and oneNon-Executive Director. The details of the composition of the Nomination and RemunerationCommittee is provided in the Corporate Governance Report which forms part of this Report.

• Stakeholders Relationship Committee

Pursuant to the provisions of Section 178 of the Act and Regulation 20 read with Part Dof Schedule II to the SEBI Listing Regulations the Company has constituted a StakeholdersRelationship Committee of the Board of Directors consisting of two Independent Directorsand one Non-Executive Director. The details of the composition of the StakeholdersRelationship Committee is provided in the Corporate Governance Report which forms part ofthis Report.

• Risk Management Committee

Pursuant to the Regulation 21 read with Part D of Schedule II to the amended SEBIListing Regulations the Company has constituted a Risk Management Committee of the Boardof Directors consisting of four members of the Board of Directors including oneIndependent Director. The details of the composition of the Risk Management Committee isprovided in the Corporate Governance Report which forms part of this Report.

KEY MANAGERIAL PERSONNEL

Mr. Rajnikant Devidas Shroff (DIN 00180810) Managing Director Mr. K. M. Thacker (ICSINo. ACS 6843) Company Secretary and Mr. Bipin P. Chheda (ICAI Membership No. ACA 101820)Chief Financial Officer are the Key Managerial Personnel of your Company in accordancewith the provisions of Sections 2(51) 203 of the Act read with Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014.

During the year under review there were no changes to the Key Managerial Personnel ofthe Company.

DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS KEY MANAGERIAL PERSONNEL ANDPARTICULARS OF EMPLOYEES

As none of the Directors of your Company receives remuneration from the Company and theSenior management employees are working for the Company on deputation basis theinformation required under Section 197(12) of the Act read with Rule 5(1) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 as amended from timeto time in respect of Directors / employees of your Company is not given.

The Company has no employee who- (i) if employed throughout the financial year was inreceipt of remuneration in aggregate more than Rupees one crore and two lakh or (ii) ifemployed for a part of the financial year was in receipt of remuneration in aggregatemore than Rupees eight lakh and fifty thousand per month. Hence the information requiredto be given pursuant to the provisions of Section 197(12) of the Act read with Rule 5(2)of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 asamended from time to time is not applicable and hence not attached.

RELATED PARTY TRANSACTIONS

All Related Party Transactions entered into during the year were on arm's length basisand were in the ordinary course of business. There were no materially significant relatedparty transactions made by the Company with Promoters Directors Key Managerial Personnelor other designated persons which may have a potential conflict with the interest of theCompany at large.

All Related Party Transactions are approved by the Audit Committee. Prior omnibusapproval is obtained from the Audit Committee in respect of the transactions which arerepetitive in nature. The transactions entered into pursuant to the omnibus approval sogranted are reviewed on a quarterly basis by the audit committee.

The policy on Related Party Transactions as approved by the Board is uploaded on theCompany's website. The same can be accessed on the website of the Companyhttps://www.uelonline.com

Since there were no materially significant related party transactions entered intoduring the year the Form AOC- 2 pursuant to Section 134(3)(h) of the Act read with Rule8(2) of the Companies (Accounts) Rules 2014 is not attached to this Report.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has formed Vigil Mechanism / Whistle Blower Policy to deal with any fraudirregularity or mismanagement in the Company. The policy enables any employee or directorto directly communicate to the Chairman of the Audit Committee to report any fraudirregularity or mismanagement in the Company. The policy ensures strict confidentialitywhile dealing with concerns and also that no discrimination or victimization is meted outto any whistle blower. The policy is also posted on the website of the Companyhttps://www.uelonline.com

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an internal control system commensurate with the size scale andcomplexity of its operation. The Group has an inhouse internal audit team headed by aqualified professional which undertakes internal audit and ensures that all transactionsare authorized and recorded in the books of the Company.

The Group internal audit department monitors the efficacy and adequacy of internalcontrol. Significant audit observations if any are presented to the Audit Committee andaction taken to correct any deficiency is informed to them. The report prepared byinternal audit team forms the basis of utilization by the Managing Director and ChiefFinancial Officer for financial reporting as required under Regulation 17 of the SEBIListing Regulations.

Internal Controls over Financial Reporting:

The Company has adequate internal financial controls in place commensurate with thesize scale and complexity of its operations.

The Company is complying with all the applicable Accounting Standards. The accountingrecords are maintained in accordance with generally accepted accounting principles inIndia. This ensures that the financial statements reflect true and fair financial positionof the Company.

RISK MANAGEMENT FRAMEWORK

Pursuant to the SEBI Listing Regulations the Company has prepared Risk ManagementFramework for identifying and evaluating various major business risks faced by theCompany. Risk Management Framework aims to lay down the procedure for risk assessment andrisk minimization. Risk Management Framework is prepared to ensure internal controls andeffectively respond to any changes in the business environment so as to achieve highdegree of business performance limit any negative impact on its working and avail ofbenefits arising out of any business opportunities. There are standard practices in placeto ensure that strong financial controls are in place.

During the year the Company has constituted pursuant to Regulation 21 of the SEBI(Listing Obligation and Disclosure Requirements) Regulation 2015 a Risk ManagementCommittee consisting of four Directors of the Company including one Independent Director.The role of the Committee is to formulate a detailed risk management policy includingframework for identification of various internal and external risks faced by the Company.The role of the Committee is also to oversee implementation of risk management to monitorand evaluate significant risk exposures of the Company evaluate the adequacy of riskmanagement systems and assess management's appropriate methodology to mitigate theexposures in a timely manner. The Committee gets regular inputs from management andthereafter various risks are identified and mitigating plans are developed to resolve thesame. There is continuous monitoring by the Committee to ensure that the mitigation plansare effectively met in case risks arises.

The audit committee has additional oversight in the area of financial risks andcontrols.

Key business risks perceived by the Company and mitigating initiatives are as under:

- Funding risk:- As there are not much activities in the Company the Company may notbe able to mobilize adequate funds if any in time. The mitigating factors are that theCompany has good investment in the quoted shares so raising additional funds if anywill not be difficult for the Company.

- Regulatory risk:- Any change in Government / Regulators Policy / Rules / Regulationswill require fresh compliances. The mitigating factors are that the group has very strongand dedicated team consisting of professionals to study regulatory changes and freshcompliance requirement.

- Foreign currency fluctuation risk:- The Company is engaged in the trading activitieswhich may subject to risk of less profit / loss on account of volatility in foreigncurrency exchange. The mitigating factors are that the management ensures to enters intrading transactions in such a way that there are minimal risks of volatility in foreigncurrency exchange or the Company may take adequate forward cover for foreign exchangefluctuations.

- Risks due to disruption and uncertainty due to Covid-19 pandemic and Impact onBusiness:- Products may not be available as per demand. Also supplier/ customer may notbe available and there may be delay in receipt of money from customer. Further theCompany's revenue is mainly from other income consisting of dividend on equity shares andinterest on loans. The financial asset of the Company is mainly investment in listedsecurity and accordingly any material volatility in the capital market may impact themarket value of the investment. The mitigating factors are that the Company's tradingoperations are at very miniscule level compared to overall income. The Company seals adeal only when customer and supplier are available at negotiated price and there isreasonable assurance of availability of products. The customers are also chosen based ontheir financial strengths. Till now the Company has not experienced any issue in any ofthe deals. Hence the revenue of the Company is not likely to be impacted by COVID-19pandemic.

REPORTING OF FRAUD

The Auditors of the Company have not reported any fraud as specified under section 143(12) of the Act.

DEPOSITORY SYSTEM

99.37 % of the total paid up equity shares of the Company are dematerialized as on 31stMarch 2022.

INFORMATION REGARDING CONSERVATION OF ENERGY ETC.

The particulars relating to energy conservation technology absorption foreignexchange earnings and outgo as required to be disclosed under section 134(3)(m) of theAct read with the Rule 8(3) of the Companies (Accounts) Rules 2014 for the year 31stMarch 2022 is furnished here below.

I. CONSERVATION OF ENERGY - Not Applicable

II. TECHNOLOGY ABSORPTION - Not Applicable

III. FOREIGN EXCHANGE EARNING AND OUTGO

Rs in Lakhs.

(a) Foreign Exchange earned Nil
(b) Foreign Exchange outgo 0.1748

DIRECTORS RESPONSIBILITY

To the best of their knowledge and belief and according to the information andexplanations obtained by them the directors make the following statements in terms ofSection 134(3)(c) of the Act:

a) That in the preparation of the annual financial statements for the year ended 31stMarch 2022 the applicable accounting standards have been followed along with properexplanation relating to material departures if any.

b) That such accounting policies as mentioned in Note 2.1 of the Notes to the FinancialStatements have been selected and applied consistently and judgement and estimates havebeen made that are reasonable and prudent so as to give a true and fair view of the stateof affairs of the Company as at 31st March 2022 and of the profit of theCompany for the year ended on that date.

c) That proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities.

d) That the annual financial statements have been prepared on a going concern basis.

e) That proper internal financial controls were in place and that the financialcontrols were adequate and were operating effectively.

f) That systems to ensure compliance with the provisions of all applicable laws were inplace and were adequate and operating effectively.

CORPORATE GOVERNANCE

Your Company and its Board has been complying with Corporate Governance to the extentset out in this respect as a separate report in pursuance of requirement of para C ofSchedule V of the SEBI Listing Regulations as applicable.

A Certificate from Auditors regarding compliance of the conditions of CorporateGovernance as stipulated under para E of Schedule V of the SEBI Listing Regulations isattached and forms integral part of this Report.

BUSINESS RESPONSIBILITY REPORTING

A separate section of Business Responsibility is attached and forms part of this AnnualReport as required under Regulation 34(2)(f) of the SEBI Listing Regulations.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Board of Directors state that applicable Secretarial Standards

i.e. SS-1 and SS-2 issued by the Institute of Company Secretaries of India relatingto "Meetings of the Board of Directors" and "General Meetings"respectively have been duly followed by the Company.

EXTRACT OF ANNUAL RETURN

Pursuant to the Section 92(3) of the Act a copy of Annual Return has been placed on thewebsite of the Company and the web link of such Annual Return is www.uelonline.com

LISTING OF THE COMPANY'S EQUITY SHARES

The Equity Shares of your Company continue to be listed at the BSE Ltd. and NationalStock Exchange of India Ltd. There is no default in paying annual listing fees.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant material orders passed by the Regulators / Courts which wouldimpact the going concern status of the Company and its future operations.

EVENTS AFTER BALANCE SHEET DATE

There have been no material changes and commitments affecting the financial positionof the Company which have occurred between the end of the financial year of the Companyto which the balance sheet relates and the date of this Report.

GENERAL

No disclosure or reporting is required in respect of the following points as there wereno transactions on these items or were not applicable to your Company during the yearunder review.

a) The Company has no subsidiary as on 31st March 2022.

b) The Company has not accepted any deposits from public.

c) Details about the policy developed and implemented by the Company on corporatesocial responsibility initiatives taken during the year.

d) Disclosure as per Sexual Harassment of Women at Workplace (Prevention Prohibitionand Redressal) Act 2013

e) No application has been filed for corporate insolvency resolution process by oragainst the Company under the Insolvency and Bankruptcy Code 2016 during the year underreview.

ACKNOWLEDGEMENT

Your Directors are thankful to all the stakeholders and various government agencies andministries for their continued support.

CAUTIONARY STATEMENT

Statements in the Director's Report and the Management Discussion and Analysisdescribing the Company's objectives expectations or predictions may be forward lookingwithin the meaning of applicable securities laws and regulations. Actual results maydiffer materially from those expressed in the statement. Important factors that couldinfluence the Company's operations include: changes in government policies and tax lawseconomic development of the country and other factors which are material to the businessoperations of the Company.

Mumbai By Order of the Board of Directors
24th May 2022 For UNIPHOS ENTERPRISES LTD.
Registered Office:
11 G.I.D.C. Vapi Arun Chandrasen Ashar
Dist. Valsad Gujarat Chairman
Pin- 396 195. (DIN: 00192088)
Tel. No.: 0260-2400717
Fax: 0260-2401823
Website: www.uelonline.com
E-mail: uel.investors@upl-ltd.com
CIN: L24219GJ1969PLC001588

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