poona bottling company pvt ltd share price Management discussions


POONA BOTTLING COMPANY PRIVATE LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONS: With a view to clear the path for future business development by using the landed assets available with the company, the Management of the company settled the disputes with Sicom, Bank of Baroda and Canara Bank. The company is thankful to M/s.Grauer & Weil (India) Ltd whose timely financial assistance enabled the company to fully pay off the settlement amounts. We are happy to report that all the three disputes involving injunctions on the landed assets of the company have since been settled and the company is now in a position to develop and deal with its properties. The Board has considered and decided to take up development of the Pune property as an I.T. Park. Necessary plans have been filed with Pimpri and Chinchwad Municipal Corporation for their approvals. The company is hopeful to commence development of the I.T Park project during the course of the year.