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Page 1: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 2: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 3: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 4: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 5: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 6: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 7: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 8: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 9: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 10: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 11: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 12: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 13: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 14: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 15: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 16: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 17: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 18: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 19: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 20: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 21: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 22: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 23: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 24: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 25: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 26: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 27: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 28: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 29: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 30: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 31: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 32: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 33: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 34: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 35: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 36: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 37: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 38: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 39: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 40: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 41: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 42: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 43: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 44: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 45: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 46: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 47: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 48: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 49: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 50: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 51: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 52: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 53: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 54: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 55: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 56: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 57: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 58: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 59: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 60: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 61: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 62: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 63: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 64: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 65: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 66: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 67: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 68: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 69: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 70: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 71: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 72: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 73: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 74: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 75: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 76: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 77: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 78: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 79: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 80: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 81: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 82: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 83: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 84: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 85: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 86: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 87: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing
Page 88: Annual report 2010 - Bombay Stock ExchangeCombiflam® is the 23rd largest brand and Cardace® is the 31st largest brand. While growth in the developed pharmaceutical markets is slowing

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