4 COMPANIES NEW DELHI | WEDNESDAY, 2 SEPTEMBER 2020 1>

Auto sales bounce back onlow base, pent-up demandSHALLY SETH MOHILE Mumbai, 1 September

Signalling sharp recovery,automobile sales for mostcompanies in India rose

at a brisk pace in August overthe same month last year, showsthe data released by a clutch ofcompanies on Tuesday.

Despatches by India’s toptwo carmakers — Maruti SuzukiIndia (MSIL) and HyundaiMotor India (HMIL) — zippedpast not only the pre-Covidphase, but also the months pre-ceding the pandemic, indicat-ing long-built pent-up demand.The inventory restocking aheadof the festive season also drovedespatches. Car firms countdespatches to dealers as sales.

MSIL’s domestic sales sawyear-on-year (YoY) jump of 20 per cent in August, the carmarket leader said on Tuesday.During the month, the local armof the Japanese carmakerdespatched 116,704 units over97,061 units a year ago.

HMIL, the second-largest inthe pecking order, too, sawdespatches go up significantly.The maker of Creta and i20models sold 45,809 units, up 20 per cent YoY, the firm said.

This is the highest volumereported by the Korean car-maker since January 2019, whenit sold 45,803 units in thedomestic market.

Even as sales are showing anuptick, carmakers are not celebrating yet. “We would liketo carry on with cautious optimism since uncertainty stillsurrounds the pandemic,” saidTarun Garg, director–sales, marketing and service at HMIL.

He attributed the good show

in August to a relatively low baseof last year, when the firm soldonly 38,205 units. He also cred-ited it to the newly launchedmodels, including the Aura,Tucson, and Grand i10 Nios.

Subrata Ray, senior groupvice-president at ICRA, said thesales are being driven by ruraldemand as well as inventoryrestocking at dealerships. “Thediscount levels have reducedsubstantially, especially in thesub-~10 lakh price bracket, indi-

cating demand momentum andimproved demand/enquiriesfrom first-time buyers. The low-base effect of August 2019 —when volume declined 32 percent YoY — also optically sup-ports overall YoY growth rate.We expect sequential improve-ment in volume to continue inSeptember as well,” said Ray.

For MSIL, the increase — thesharpest in almost a year —came on the back of last year’slow base and brisk demand for

models in its mini and compactsegment. Sales in these seg-ments advanced at a fast clip of 94.7 per cent and 13.4 per cent,respectively. Albeit on a lowbase, while sales of the Alto andS-Presso zoomed 94.7 per centto 19,709 units over the year-agoperiod, compact models,including the WagonR, Swift,Celerio, and Dzire, rose 14.2 percent to 61,956 units, the firmsaid. Utility vehicle (UV) mod-els, including the Ertiga, Gypsy,and S-Cross also saw 13.5-percent increase over the past year.

Mahindra & Mahindra’s(M&M) passenger vehicle (PV)segment — that includes UVsand passenger cars — was a sav-ing grace and helped offsetsome decline in the overall autosales. It saw despatches grow 1 per cent YoY to 13,651 units.

M&M, too, benefited fromthe month-on-month recoveryin demand. Snapping a declin-ing streak, the firm saw moder-ate increase in its PV sales. Itgrew by a per cent to 13,651 unitsover 13,507 units a year ago. “Wehave been able to meet the upliftin demand by managing sup-ply-chain glitches,” said VeejayNakra, chief executive officer,automotive division, M&M.

T E NARASIMHANChennai, 1 September

Tractor sales continued theirstrong momentum in August,driven primarily by the positivesentiment, increase in kharifsowing area, good monsoon,strong rural cash flows, andbase effect.

Tractor makers, exceptEscorts, Mahindra & Mahindra(M&M), and Sonalika, are yet topublish their numbers forAugust. However, T R Kesavan,president of the Tractor andMechanization Association,estimates 70 per cent growth inoverall sales in August, from the37,050 units in August 2019.

Escorts and M&M —the toptwo tractor manufacturers —reported 80 per cent and 69 percent growth for the month,respectively. Sonalika recordedan 80 per cent rise.

Escorts reported a 79.4 percent rise in domestic sales to6,750 units, from 3,763 year-on-year, while exports rose 90.4 percent to 518 units from 272.Month-on-month volumes rose36.6 per cent. “We are operat-ing at close to peak capacitynow. We managed to buildinventory —both at dealers anddepots,” said the statement.

M&M’s farm equipment sec-tor (FES) recorded 69 per centincrease in domestic tractorsales in August to 23,503 units,compared to 13,871 in August

2019. Total tractor sales (domes-tic and exports) stood at 24,458units, against 14,817 for thesame period last year.

Hemant Sikka, president(FES) at M&M, said after clocking its highest-ever salesin July, the firm repeated thefeat in August.

Growth in the tractor indus-try remains strong in August.The increase in kharif sowingindicates a bumper harvest,which, in addition to the good monsoon and strong cash flows, has kept the mood upbeat.

Meanwhile, Sonalika regis-tered its highest ever domestic

growth of 80 per cent to 8,205tractors, against 4,560 last year.

Raman Mittal, executivedirector of Sonalika Group, said:“Demand will remain healthy,aided by higher kharif sowing (8per cent) and good monsoon (1per cent higher rainfall vis-à-visnormal levels), along withincreasing preference of farm-ers towards mechanisation.Penetration of mechanisationis at an average of 45 per cent forthe entire crop cycle. WithPaddy being the major Kharifcrop, there has been a demandhike for customised tractors.”

Mittal is upbeat for the fes-tive season.

Higher sowing drivestractor sales in August

Despatches by Maruti Suzuki, Hyundai zip past pre-pandemic levels; inventory re-stocking helps

IN THE FAST LANE� Aug ‘19 �Aug ‘20% chg YoY

Maruti Suzuki 97,061116,704

Hyundai Motor38,20545,809

Mahindra13,50713,651

Kia Motors6,23610,853

Honda Cars8,2917,509Source: Companies

20.2

20.0

1.0

74.0

-9.4

POSITIVE FARM SENTIMENT FUELS SALES

APRIL MAY JUNE JULYSource: Tractor and Mechanization Association (TMA)

Production� 2019 � 2020; Sales 2019 2020

68,6

23

62,4

9712

,456

65,1

3330

,751

64,5

14

64,8

60

53,7

81 81,4

4582

,064

98,6

48

69,7

3879

,789

51,9

75 70,6

45

158

T E NARASIMHAN & AGENCIESChennai/New Delhi, 1 September

The country’s largest two-wheelermaker Hero MotoCorp on Tuesdayreported a 7.55 per cent increase insales in August at 584,456 units, com-pared to the corresponding month lastyear. Of the four two-wheeler makers

that announced their sales numberson Tuesday, Hero was the only com-pany to post growth. The companyhad sold 543,406 units in August 2019,Hero MotoCorp said in a statement.

Among others, Suzuki MotorcycleIndia (SMIL) reported 19.15 per centdecline in total sales at 57,909 units,against 71,629 units in the correspon-ding period last year, while RoyalEnfield sales dropped around 5 percent to 50,144 units, from 52,904 units.TVS Motor Company also registered a

marginal drop with 218,338 two-wheel-ers sold in the domestic market,against 219,528 units in August 2019.

In the domestic market, Hero sold568,674 units, up 8.52 per cent from524,003 units in August 2019. It hadsold 514,509 units in July, thus regis-tering a sequential sales growth of 13per cent in August, it added.

The company said it was witness-ing strong retail offtake with semi-urban centres driving the demand.

With August marking another step

forward in the market’s recovery, thecompany cautiously anticipates salesto continue their upward trajectorywith favourable factors such as theupcoming festive season, increasingconsumer confidence, and continuedgovernment policy support, it added.

“Now operating at nearly 100 percent production capacity with almostall customer touchpoints open, thecompany remains committed to thehealth and safety of everyone in itsecosystem, including its customers,”

Hero MotoCorp said. For SMIL, domestic sales stood at

53,142 units, compared to 62,785 unitssold in August 2019 — a decline of15.35 per cent. The company said ithad sold 31,421 units in July this yearamid the Covid-19 outbreak.

“This double-digit sequentialgrowth of more than 46 per cent hasbeen made possible with the continu-ous efforts and hard work of our deal-erships,” Suzuki Motorcycle IndiaManaging Director Koichiro Hirao said.

Hero MotoCorp reports 8% rise in 2-wheeler sales, others wait for revivalSemi-urban centresdrive demand for Hero

CIN: L29120TZ1977PLC000780

Registered Office: Pollachi Road, Malumachampatti P O., Coimbatore- 641 050 E-mail: maheswaran@revathi.in

Website: www.revathi.in Phone No.: 0422 - 6655111 Fax: 0422 - 6655199

1. Date of completion of dispatch of Notice/ Annual Report 2020

22nd Septmeber 2020 at 9.00 AM (IST)

Date and time of end of remote e-voting 24th Septmeber 2020 at 5.00 PM (IST)

Remote e-voting will not be allowed beyond this date and time

Cut-off date of determining the members eligible for e-voting Friday, 18th September, 2020

Tuesday 1st September,

2 Date and time of Commencement of remote e-voting Tuesday,

3 Thursday,

4

Notice of the 43rd Annual General Meeting and E-voting lnfomiation

Dear Members,

Notice is hereby given that 43rd Annual General Meeting (AGM) of the Company will be held on Friday, the 25th Day of

September, 2020 at 02.00 PM IST, through Video Conference (VC) / Other Audio Visual Means (OAVM) to transact the

business, as set out in the Notice of AGM dated 14th August, 2020.

The Company has sent the Notice of AGM / Annual Report to those shareholders holding, shares of the Company as on

28th August, 2020, through e-mail to Members whose e-mail addresses are registered with the Company/ Depositories

in accordance with Circular No.20/2020 issued by the Ministry of Corporate Affairs, dated 5th May, 2020 read with

Circular No. 14/2020 dated 8th April, 2020 and Circular No. 17/2020 dated 13th, April, 2020 ("MCA Circulars") and

Securities and Exchange Board of-lndia ("SEBI") circular dated 12th May, 2020.

The AGM Notice along with the Explanatory statement the Annual Report for the financial year 2019-20 is available and

can be downloaded from the Company's website www.revathi.in and the website of stock Exchanges in which the

shares of the Company are listed i.e., BSE Limited & National Stock Exchange of lndia Limited and on the website of

Centra Depository Services India Limited (CDSL) www.evotingindia.com.

Members can attend and participate in the Annual General Meeting through VC/OAVM facility only. The instructions for

joining the Annual General Meeting are provided in the Notice of the Annual General Meeting. Members attending the

meeting through VC/OAVM shall be counted for the purposes of reckoning the quorum under Section 103 of the

Companies Act, 2013.

In compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and

Administration) Rules, 2014 as amended from time to time and Regulation 44 of the SEBI - (Listing Obligations and

Disclosure Requirements) Regulations, 2015, the Members are provided with the facility to·cast their votes on all

resolutions as set forth in the Notice of the AGM using remote electronic voting system (remote e-voting) provided by

CDSL. Additionally, the Company is also providing-the facility of voting through e-voting system during the Annual

General Meeting ("e-voting"). Detailed procedure for remote e-voting/e-voting is provided in the Notice of the Annual

General Meeting. For further details in connection with e-voting, members may also visit the website

www.evotingindia.com.

The Board of Directors of the Company has appointed Sri. M.D. Selvaraj, FCS of MDS & Associates, Company

Secretaries, Coimbatore as Scrutinizer to scrutinize the voting process in a fair and transparent manner.

Members are requested to carefully read the instructions given for voting through e-voting in the AGM Notice.

Members are also requested to note the following:

For Revathi Equipment Limited

Coimbatore

2nd September 2020

K. MAHESWARAN

Company Secretary

Those Members, who are present in the AGM through VC/OAVM facility and has not cast their votes on the resolution

through remote e-voting and are otherwise not barred from doing so, shall be eligible to vote through e-voting system

during Ihe AGM.

A person whose name is recorded in the Register of Members or in the Register of Beneficial Owners maintained by the

Depositories as on the cut-off date only shall be entitled to avail the facility of remote e-voting or voting at the Annual

General Meeting. The voting rights of Members shall be in proportion to the shares held by them in the paid-up equity

share capital of the Company as on the cut-off date.

Any person, who acquires shares of the Company and becomes a Member of the Company after the Notice has been

sent electronically by the Company, and holds shares as of the cut-off date, may refer to the AGM Notice posted on

Company's website www.revathi.in for detailed procedure with regard to remote e-voting.

However, if he/she is already registered with CSDL for remote e-voting then he/she can use his/her existing User ID and

Password for casting the votes.

In case the shareholder’s email ID is already registered with the Company/its Registrar & Share Transfer Agent

“RTA"/Depositories, log in details for e-voting are being sent on the registered email address.

If you have not registered your e-mail address with the Company / RTA / Depository you may please follow below

instructions for obtaining login details for e-voting:

Shareholders holding shares in physical mode are requested to send a request to the Registrar and Share Transfer

Agent of the Company, S.K.D.C Consultants Limited (“SKDC”) at info@skdc-consultants.com by providing Folio no.,

name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested), Aadhar (Self-attested)

for registering the e-mail address.

Shareholder holding shares in Demat mode shall provide Demat account detials (CDSL-16 digit beneficiary ID or NSDL-

16 digit DPID + CLID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned

copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to Company/RTAemail id.

For details relating to remote e-voting, please refer to the Notice of the AGM. If you have any queries relating to remote

e-voting please refer to the Frequently Asked Questions (FAQs) and e-voting user manual for shareholders available at

www.evotingindia.com. In case of any grievance connected with facility for voting by electronic means, please email to

helpdesk.evoting@cdslindia.com or contact Mr. Nitin Kunder (022-23058788) or Mr.Mehboob Lakhani (022-23058543)

or Mr. Rakesh Dalvi (022-23058738)

The result of voting will be announced by the company in its website www.revathi.in and on the website of Central

Depository Services India Limited (CDSL) and also will be intimated to the Stock exchanges in which the Company’s

equity stares are listed.

This public notice is also available in the Company’s website viz. www.revathi.in and on the website of the stock

exchanges where the shares of the Company are listed,

Notice is hereby given that the Register of Members and Share Transfer Books of the Company will remain closed from

Saturday 19th September, 2020 to Friday 25th September 2020 (Both days inclusive) for AGM.

MERCURY TRADE LINKS LIMITED

CIN : L26933MH1985PLC037213

Registered Office :S002 B, 2ND FLOOR, VIKAS CENTRE, S.V. ROAD, SANTACRUZ

(WEST), MUMBAI - 400054 Phone: +91-22-66780132

Website : www.mercurytradelinks.com; E-mail : share@sardagroup.com

Notes :

1 The above results have been reviewed by the Audit Committee and approved

by the Board of Directors in its meeting held on 31st August, 2020.

2 The above is an extract of the detailed format of Quarterly Financial Results

filed with the Stock Exchange under Regulation 33 of the SEBI (Listing and

Other Disclosure Requirements) Regulations, 2015. The full format of the

Quarterly Financial Results are available on the websites of the Stock Exchange

www.bseindia.com and the Company website www.mercurytradelinks.com

For MERCURY TRADE LINKS LIMITED

Sd/-

Director

PRADEEP KUMAR SARDA

DIN: 00021405

Place: Mumbai

Date : 31.08.2020

EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE

QUARTER ENDED 30TH JUNE, 2020 (Amt in Lakhs)

1 Total Income from Operations 5.88 0.23

2 Net Profit / (Loss) for the period before Tax 5.28 (3.45)

3 Net Profit / (Loss) for the period after Tax 5.28 (3.45)

4 Total Comprehensive Income after Tax 5.37 (3.73)

5 Equity Share Capital 24.75 24.75

6 Earnings Per Share (of Rs 10/- each)

Basic & Diluted 2.13 (1.39)

Particulars

Quarter

ended

30.06.2019

(UnAudited)

Quarter

ended

30.06.2020

(UnAudited)

Sr.

No.