Page 35 - CCL AR 2017 Final

(x) Earning per share of the Associated Company June 2015 : Rs. 22.89
or Associated Undertaking for the last three June 2016 : Rs. 31.02
years; June 2017 : Rs. 23.71

(xi) Sources of fund from which securities will be The investment will be made by CCCL from its
acquired; own resources

(xii) Where the securities are intended to be
acquired using borrowed funds,-

(I) Justification for investment through Not Applicable
borrowings; and

(II) Detail of guarantees and assets pledge for
obtaining such funds

(xiii) Salient features of the agreement(s), if any,
entered into with its Associated Company or Not Applicable
Associated Undertaking with regards to the
proposed investment;

(xiv) Direct or indirect interest of directors, Mr. Akbarali Pesnani, Mr. Shehryar Faruque, and
sponsor, majority shareholders and their Mr. Arif Faruque are directors of Cherat Packaging
relatives, if any, in the associated company or Limited. However, they have no direct or indirect
associated undertaking or the transaction interest except to the extent of shareholding in the
under consideration; investing company.

(xv) Any other important details necessary for the Nil
members to understand the transaction.

Undertaking pursuant to Regulation 3 (3) of the Companies (Investment in Associated Companies or Associated
Undertaking) Regulations, 2012.

The directors submit that they have carried out necessary due diligence for the proposed transaction particularly
the investment in Cherat Packaging Limited.

33
Annual
Report 2017