I have been reading a few annual reports this month and I have a few questions regarding some observations which I have made in annual report of some companies:
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What do you make of an annual report which has a lot of spelling and grammatical mistakes? Yes the annual report should focus on numbers and some typos/ grammatical errors would not change the meaning as such. But an annual report is a public document which may be accessed by a wide variety of readers, hence a basic grammar and spell check is elementary! I mean I would even spell check this post!!
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How do you make sense of a company who is focusing a lot on the CSR and Employee well being part in the annual report. Almost 12-13% pages in the annual report are completely devoted to CSR and Employee well being sections. I may sound like a devil’s advocate here but this is something unusual for me (I have read annual reports of almost 60-70 companies in the last 3-4 years).
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Some Independent directors of Mrs. Bector’s Foods are also the independent directors in Trident Ltd. And as far as I remember, the promoters of these companies are related to each other (Anoop Bector’s son being married to Rajinder Gupta’s daughter, I believe). This also came to light when IT department raided Bector’s’ director’s home in relation to search/ raid on Trident Group in Oct’23!
Any views on the above would be helpful!!
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