royal india corporation ltd (crd) · royal india corporation limited 30 th annual report...

ROYAL INDIA CORPORATION LIMITED

30TH

ANNUAL REPORT

2013-2014

:Registered office:

CIN : L45400MH1984PLC032274

62, 6th Floor, C-Wing, Mittal Tower, 210, Nariman Point, Mumbai 400 021.

022-43417777 022-22877575 ! [email protected] www.ricl.in


ANNUAL REPORT

2013-14

BOARD OF DIRECTORS

!"#$%& '( )&"& * !"#"+$#+ ,$-./01-

2$0.%& !( 3"$# * 4&15.60$7.6,$-./01- /87 9:;

,"71<"- 2"-$ ="$ * >#<.?.#<.#0 ,$-./01-

@"A$B"#0 9&"08-A.<$ * >#<.?.#<.#0 ,$-./01-

!"#$%&" C#"#< * >#<.?.#<.#0 ,$-./01-

C%&1B"<$0D" ,&8-"#<&"- * >#<.?.#<.#0 ,$-./01-

COMPANY SECRETARY & COMPLIANCE OFFICER

!%( )$<<&$ ="0$5

AUDITORS

!E%( ,!F2 G 91(H 9&"-0.-.< C//18#0"#0%

96IH )"#J"D C?"-07.#0%H '."- K1B85 210.5H

)(L(=( @1"<H M1-$A"5$ N4.%0OH

!87P"$ QRRRIS(

BANKERS

>9>9> M"#B T0<(

@"0#"B"- M"#B

)D#<$/"0. M"#B

REGISTRAR & SHARE TRANSFER AGENT

T$#B >#0$7. >#<$" =-$A"0. T$7$0.<

96UVH ="##"5"5 )$5B !$55% 917?18#<H

T( M( )( !"-+H M&"#<8? N4.%0OH

!87P"$ 6 QRRRWX

REGISTERED OFFICE

YSH Y0& :511-H 964$#+H !$00"5 Z1[.-H

'"-$7"# =1$#0H !87P"$ QRRRSR(

INDEX

Contents Page No.

'10$/. U6UR

,$-./01-\% @.?1-0 01 0&. !.7P.-% UU6UV

!"#"+.7.#0 ,$%/8%%$1# G C#"5D%$% @.?1-0 UQ6U]

91-?1-"0. K1A.-#"#/. @.?1-0 UY6SY

C8<$01-\% @.?1-0 SW6SI

M"5"#/. )&..0 VR

)0"0.7.#0 1^ =-1^$0 G T1%% VU

9"%& :51[ )0"0.7.#0 VS

'10.% 01 :$#"#/$"5 )0"0.7.#0 VS6QS


ANNUAL REPORT

2013!14

1

NOTICE

Notice !" #$%$&' (!)$* +#,+ +#$ -.+# /**0,1 2$*$%,1

3$$+!*( 45 +#$ 3$6&$%" 45 74',1 8*9!, :4%;4%,+!4*

<!6!+$9 =!11 &$ #$19 4* >0$"9,'? -.+# @$;+$6&$%?

A.BC ,+ BBD-. ,D6D ,+ +#$ %$(!"+$%$9 455!E$ 45 +#$

:46;,*' ,+ FA? F+# G144%? H:I J!*(? 3!++,1 >4=$%?

K,%!6,* L4!*+? 306&,!M C.. .ABD? +4 +%,*",E+ +#$

54114=!*( &0"!*$""NM

ORDINARY BUSINESS:!

BD >4 %$E$!)$? E4*"!9$% ,*9 ,94;+ +#$ /09!+$9

O,1,*E$ @#$$+ ," 4* 3,%E# -B"+? A.BC ,*9 +#$

@+,+$6$*+ 45 L%45!+ ,*9 <4"" /EE40*+ 54% +#$ '$,%

$*9$9 ," 4* +#,+ 9,+$ +4($+#$% =!+# +#$ 7$;4%+ 45

+#$ P!%$E+4%" ,*9 /09!+4%" +#$%$4*D

AD >4 ,;;4!*+ , P!%$E+4% !* ;1,E$ 45 3%D Q!+$"# R,!*

SP8K K4D .TAF-BA.U? =#4 %$+!%$" &' %4+,+!4* ,+

+#!" /**0,1 2$*$%,1 3$$+!*( ,*9 &$!*( $1!(!&1$

#," 455$%$9 #!6"$15 54% %$M,;;4!*+6$*+D

-D >4 ,;;4!*+ /09!+4%" ,*9 5!V +#$!% %$60*$%,+!4*

,*9 !* +#!" %$(,%9 +4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4

;,"" =!+# 4% =!+#40+ 649!5!E,+!4*S"U? +#$

54114=!*( %$"410+!4* ," ,* W%9!*,%' 7$"410+!4*N

“RESOLVED THAT ;0%"0,*+ +4 +#$ ;%4)!"!4*" 45

@$E+!4* B-X? BCA 45 +#$ :46;,*!$" /E+? A.B- ,*9

4+#$% ,;;1!E,&1$ ;%4)!"!4*"? !5 ,*'? 3Y"D P3ZQ [

:4D? :#,%+$%$9 /EE40*+,*+"? SG!%6 7$(!"+%,+!4*

K4D BBF\\FJU? &$ ,*9 ,%$ #$%$&' ,;;4!*+$9 ,"

+#$ @+,+0+4%' /09!+4%" 45 +#$ :46;,*' +4 #419

455!E$ 5%46 +#$ E4*E10"!4* 45 +#!" /**0,1 2$*$%,1

3$$+!*(? 0*+!1 +#$ E4*E10"!4* 45 +#$ *$V+ /**0,1

2$*$%,1 3$$+!*(? ,+ , %$60*$%,+!4* +4 &$ 9$E!9$9

&' +#$ O4,%9 45 P!%$E+4%" !* E4*"01+,+!4* =!+# +#$

/09!+4%" ;10" ,;;1!E,&1$ "$%)!E$ +,V?

%$!6&0%"$6$*+ 45 +%,)$11!*( ,*9 40+ 45 ;4E]$+

$V;$*"$" !*E0%%$9 &' +#$6 54% +#$ ;0%;4"$ 45

,09!+D^

SPECIAL BUSINESS:

CD >4 E4*"!9$% ,*9? !5 +#40(#+ 5!+? +4 ;,"" =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," ,* W%9!*,%' 7$"410+!4*D

/;;4!*+6$*+ 45 3%D P,649,% Q,%! L,! S#419!*(

P8K ..B_A-_AU? ," ,* 8*9$;$*9$*+ P!%$E+4% 45 +#$

:46;,*'D

`RESOLVED THAT ;0%"0,*+ +4 +#$ ;%4)!"!4*" 45

@$E+!4*" BCX? BT.? BTA %$,9 =!+# @E#$901$ 8a 45

+#$ :46;,*!$" /E+? A.B- S`+#$ /E+^U ,*9 +#$

:46;,*!$" S/;;4!*+6$*+ ,*9 b0,1!5!E,+!4* 45

P!%$E+4%"U 701$"? A.BC? :1,0"$ CX 45 +#$ <!"+!*(

/(%$$6$*+S"U? ,*9 ,11 4+#$% ,;;1!E,&1$

;%4)!"!4*" !5 ,*'? S!*E109!*( ,*' "+,+0+4%'

649!5!E,+!4*S"U 4% %$M$*,E+6$*+ +#$%$45 54% +#$

+!6$ &$!*( !* 54%E$U? 3%D P,649,% Q,%! L,!

S#419!*( P8K ..B_A-_AU? , K4*McV$E0+!)$

P!%$E+4% 45 +#$ :46;,*'? =#4 #," "0&6!++$9 ,

9$E1,%,+!4* +#,+ #$ 6$$+" +#$ E%!+$%!, 54%

!*9$;$*9$*E$ ," ;%4)!9$9 !* @$E+!4* BCX SFU 45

+#$ /E+ ,*9 =#4 !" $1!(!&1$ 54% ,;;4!*+6$*+ ,*9

!* %$";$E+ 45 =#46 +#$ :46;,*' #," %$E$!)$9 ,

*4+!E$ !* =%!+!*( 5%46 , 6$6&$% ;%4;4"!*( #!"

E,*9!9,+0%$ 54% +#$ 455!E$ 45 P!%$E+4%? &$ ,*9 !"

#$%$&' ,;;4!*+$9 ," 8*9$;$*9$*+ P!%$E+4% 45 +#$

:46;,*' 54% 5!)$ E4*"$E0+!)$ '$,%" =!+# $55$E+

5%46 -.+# @$;+$6&$%? A.BC 0;+4 AX+# @$;+$6&$%?

A.BX =!+# ,* 4;+!4* +4 %$+!%$ 5%46 +#$ 455!E$ ,+

,*' +!6$ 90%!*( +#$ +$%6 45 ,;;4!*+6$*+D^

TD >4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4 ;,"" =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," ,* W%9!*,%' 7$"410+!4*D

/;;4!*+6$*+ 45 3%D 7,)! Z,*+ :#,+0%)$9!

S#419!*( P8K .TBX\\BBU? ," ,* 8*9$;$*9$*+

P!%$E+4% 45 +#$ :46;,*'D

`RESOLVED THAT ;0%"0,*+ +4 +#$ ;%4)!"!4*" 45

@$E+!4*" BCX? BT.? BTA %$,9 =!+# @E#$901$ 8a 45

+#$ :46;,*!$" /E+? A.B- S`+#$ /E+^U ,*9 +#$

:46;,*!$" S/;;4!*+6$*+ ,*9 b0,1!5!E,+!4* 45

P!%$E+4%"U 701$"? A.BC? :1,0"$ CX 45 +#$ <!"+!*(

/(%$$6$*+S"U? ,*9 ,11 4+#$% ,;;1!E,&1$

;%4)!"!4*" !5 ,*'? S!*E109!*( ,*' "+,+0+4%'

649!5!E,+!4*S"U 4% %$M$*,E+6$*+ +#$%$45 54% +#$

+!6$ &$!*( !* 54%E$U? 3%D 7,)! Z,*+ :#,+0%)$9!

S#419!*( P8K .TBX\\BBU? , K4*McV$E0+!)$

P!%$E+4% 45 +#$ :46;,*'? =#4 #," "0&6!++$9 ,

9$E1,%,+!4* +#,+ #$ 6$$+" +#$ E%!+$%!, 54%

!*9$;$*9$*E$ ," ;%4)!9$9 !* @$E+!4* BCX SFU 45

+#$ /E+ ,*9 =#4 !" $1!(!&1$ 54% ,;;4!*+6$*+ ,*9

!* %$";$E+ 45 =#46 +#$ :46;,*' #," %$E$!)$9 ,

*4+!E$ !* =%!+!*( 5%46 , 6$6&$% ;%4;4"!*( #!"

E,*9!9,+0%$ 54% +#$ 455!E$ 45 P!%$E+4%? &$ ,*9 !"

#$%$&' ,;;4!*+$9 ," 8*9$;$*9$*+ P!%$E+4% 45 +#$


ANNUAL REPORT

2013!14

2

:46;,*' 54% 5!)$ E4*"$E0+!)$ '$,%" =!+# $55$E+

5%46 -.+# @$;+$6&$%? A.BC 0;+4 AX+# @$;+$6&$%?

A.BX =!+# ,* 4;+!4* +4 %$+!%$ 5%46 +#$ 455!E$ ,+

,*' +!6$ 90%!*( +#$ +$%6 45 ,;;4!*+6$*+D^

FD >4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4 ;,"" =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," ,* W%9!*,%' 7$"410+!4*D

/;;4!*+6$*+ 45 3%D /"#4],9!+', L%,],"#

P#0%,*9#,% S#419!*( P8K .FT.X.-BU? ," ,*

8*9$;$*9$*+ P!%$E+4% 45 +#$ :46;,*'D

`RESOLVED THAT ;0%"0,*+ +4 +#$ ;%4)!"!4*" 45

@$E+!4*" BCX? BT.? BTA %$,9 =!+# @E#$901$ 8a 45

+#$ :46;,*!$" /E+? A.B- S`+#$ /E+^U ,*9 +#$

:46;,*!$" S/;;4!*+6$*+ ,*9 b0,1!5!E,+!4* 45

P!%$E+4%"U 701$"? A.BC? :1,0"$ CX 45 +#$ <!"+!*(

/(%$$6$*+S"U? ,*9 ,11 4+#$% ,;;1!E,&1$ ;%4)!"!4*"

!5 ,*'? S!*E109!*( ,*' "+,+0+4%' 649!5!E,+!4*S"U 4%

%$M$*,E+6$*+ +#$%$45 54% +#$ +!6$ &$!*( !* 54%E$U?

3%D /"#4],9!+', L%,],"# P#0%,*9#,% S#419!*(

P8K .FT.X.-BU? , K4*McV$E0+!)$ P!%$E+4% 45 +#$

:46;,*'? =#4 #," "0&6!++$9 , 9$E1,%,+!4* +#,+

#$ 6$$+" +#$ E%!+$%!, 54% !*9$;$*9$*E$ ,"

;%4)!9$9 !* @$E+!4* BCX SFU 45 +#$ /E+ ,*9 =#4 !"

$1!(!&1$ 54% ,;;4!*+6$*+ ,*9 !* %$";$E+ 45 =#46

+#$ :46;,*' #," %$E$!)$9 , *4+!E$ !* =%!+!*(

5%46 , 6$6&$% ;%4;4"!*( #!" E,*9!9,+0%$ 54% +#$

455!E$ 45 P!%$E+4%? &$ ,*9 !" #$%$&' ,;;4!*+$9 ,"

8*9$;$*9$*+ P!%$E+4% 45 +#$ :46;,*' 54% 5!)$

E4*"$E0+!)$ '$,%" =!+# $55$E+ 5%46 -.+#

@$;+$6&$%? A.BC 0;+4 AX+# @$;+$6&$%? A.BX =!+#

,* 4;+!4* +4 %$+!%$ 5%46 +#$ 455!E$ ,+ ,*' +!6$

90%!*( +#$ +$%6 45 ,;;4!*+6$*+D^

_D >4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4 ;,"" =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," ,* W%9!*,%' 7$"410+!4*D

/;;4!*+6$*+ 45 3"D 3,*!"#, /*,*9 SP8K

.-CX_XT.U? ," ,* 8*9$;$*9$*+ P!%$E+4% 45 +#$

:46;,*'D

`RESOLVED THAT ;0%"0,*+ +4 +#$ ;%4)!"!4*" 45

@$E+!4*" BCX? BT.? BTA %$,9 =!+# @E#$901$ 8a 45

+#$ :46;,*!$" /E+? A.B- S`+#$ /E+^U ,*9 +#$

:46;,*!$" S/;;4!*+6$*+ ,*9 b0,1!5!E,+!4* 45

P!%$E+4%"U 701$"? A.BC? :1,0"$ CX 45 +#$ <!"+!*(

/(%$$6$*+S"U? ,*9 ,11 4+#$% ,;;1!E,&1$ ;%4)!"!4*"

!5 ,*'? S!*E109!*( ,*' "+,+0+4%' 649!5!E,+!4*S"U 4%

%$M$*,E+6$*+ +#$%$45 54% +#$ +!6$ &$!*( !*

54%E$U? 3"D 3,*!"#, /*,*9 SP8K .-CX_XT.U? ,

K4*McV$E0+!)$ P!%$E+4% 45 +#$ :46;,*'? =#4 #,"

"0&6!++$9 , 9$E1,%,+!4* +#,+ "#$ 6$$+" +#$

E%!+$%!, 54% !*9$;$*9$*E$ ," ;%4)!9$9 !* @$E+!4*

BCX SFU 45 +#$ /E+ ,*9 =#4 !" $1!(!&1$ 54%

,;;4!*+6$*+ ,*9 !* %$";$E+ 45 =#46 +#$

:46;,*' #," %$E$!)$9 , *4+!E$ !* =%!+!*( 5%46 ,

6$6&$% ;%4;4"!*( #$% E,*9!9,+0%$ 54% +#$ 455!E$

45 P!%$E+4%? &$ ,*9 !" #$%$&' ,;;4!*+$9 ,"

8*9$;$*9$*+ P!%$E+4% 45 +#$ :46;,*' 54% 5!)$

E4*"$E0+!)$ '$,%" =!+# $55$E+ 5%46 -.+#

@$;+$6&$%? A.BC 0;+4 AX+# @$;+$6&$%? A.BX

=!+# ,* 4;+!4* +4 %$+!%$ 5%46 +#$ 455!E$ ,+ ,*'

+!6$ 90%!*( +#$ +$%6 45 ,;;4!*+6$*+D^

\D >4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4 ;,""? =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," , @;$E!,1 7$"410+!4*N

“RESOLVED THAT !* "0;$%"$""!4* 45 +#$ $,%1!$%

%$"410+!4* ;,""$9 !5 ,*'? +#$ E4*"$*+ 45 +#$

:46;,*' &$ ,*9 !" #$%$&' ,EE4%9$9 0*9$% +#$

;%4)!"!4*" 45 @$E+!4* B\.SBU SEU 45 +#$

:46;,*!$" /E+? A.B-? +4 +#$ O4,%9 45 P!%$E+4%"

45 +#$ :46;,*' S#$%$!*,5+$% %$5$%%$9 +4 ," `+#$

O4,%9^ =#!E# +$%6 "#,11 &$ 9$$6$9 +4 !*E109$

,*' :466!++$$ +#$%$45U +4 &4%%4= 5%46 +!6$ +4

+!6$ "0E# "06 4% "06" 45 64*$' ," +#$' 6,'

9$$6 *$E$"",%' 54% +#$ ;0%;4"$ 45 +#$ &0"!*$""

45 +#$ :46;,*'? *4+=!+#"+,*9!*( +#,+ +#$

64*!$" +4 &$ &4%%4=$9 +4($+#$% =!+# +#$ 64*!$"

,1%$,9' &4%%4=$9 &' +#$ :46;,*' S,;,%+ 5%46

E,"# E%$9!+ ,%%,*($6$*+? 9!"E40*+!*( 45 &!11" ,*9

4+#$% +$6;4%,%' 14,*" 4&+,!*$9 5%46 :46;,*'I"

&,*]$%" !* +#$ 4%9!*,%' E40%"$ 45 &0"!*$""U ,*9

%$6,!*!*( 40+"+,*9!*( ,+ ,*' ;4!*+ 45 +!6$ =!11

$VE$$9 +#$ ,((%$(,+$ 45 +#$ ;,!9M0; "#,%$ E,;!+,1

45 +#$ :46;,*' ,*9 !+" 5%$$ %$"$%)$"? +#,+ !" +4

",'? %$"$%)$" *4+ "$+ ,;,%+ 54% ,*' ";$E!5!E

;0%;4"$e L%4)!9$9 +#,+ +#$ +4+,1 ,640*+ 0; +4

=#!E# 64*!$" 6,' &$ &4%%4=$9 &' +#$ O4,%9 45

P!%$E+4%" ,*9 =#!E# "#,11 %$6,!* 40+"+,*9!*( ,+

,*' (!)$* ;4!*+ 45 +!6$ "#,11 *4+ $VE$$9 +#$ "06

45 ` \. :%4%$" S70;$$" c!(#+' :%4%$"UD^

XD >4 E4*"!9$% ,*9 !5 +#40(#+ 5!+? +4 ;,""? =!+# 4%

=!+#40+ 649!5!E,+!4*S"U? +#$ 54114=!*( %$"410+!4*

," , @;$E!,1 7$"410+!4*N

`RESOLVED THAT !* "0;$%"$""!4* 45 +#$ $,%1!$%


ANNUAL REPORT

2013!14

3

%$"410+!4* ;,""$9 !5 ,*'? E4*"$*+ 45 +#$ :46;,*'

&$ ,*9 !" #$%$&' ,EE4%9$9 !* +$%6" 45 @$E+!4*

B\.SBUS,U 45 +#$ :46;,*!$" /E+? A.B- ,*9 4+#$%

,;;1!E,&1$ ;%4)!"!4*"? !5 ,*'? +4 +#$ O4,%9 45

P!%$E+4%" 45 +#$ :46;,*' S#$%$!*,5+$% %$5$%%$9 +4

," `+#$ O4,%9^ =#!E# +$%6 "#,11 &$ 9$$6$9 +4

!*E109$ ,*' :466!++$$ +#$%$45U 54% E%$,+!*( "0E#

E#,%($"? 64%+(,($" ,*9 #';4+#$E,+!4*" !*

,99!+!4* +4 +#$ $V!"+!*( E#,%($"? 64%+(,($" !5 ,*'

,*9 #';4+#$E,+!4*" E%$,+$9 &' +#$ :46;,*'? 4*

"0E# 64),&1$ ,*9 !664),&1$ ;%4;$%+!$" 45 +#$

:46;,*' =#$%$"4$)$% "!+0,+$? &4+# ;%$"$*+ ,*9

50+0%$? 4* "0E# +$%6"? ,+ "0E# +!6$? !* "0E# 54%6

,*9 !* "0E# 6,**$% ," +#$ O4,%9 6,' 9$$6 5!+?

+4($+#$% =!+# ;4=$% +4 +,]$ 4)$% +#$

6,*,($6$*+ 45 +#$ &0"!*$"" ,*9 E4*E$%* 45 +#$

:46;,*' !* E$%+,!* $)$*+" !* 5,)40% 45 ,11 4% ,*'

45 +#$ 54114=!*(? *,6$1'N O,*]"? G!*,*E!,1

8*"+!+0+!4*"? 8*"0%,*E$ :46;,*!$"? 8*)$"+6$*+

8*"+!+0+!4*"? 4+#$% !*)$"+!*( ,($*E!$"? O49!$"

:4%;4%,+$ !*E4%;4%,+$9 0*9$% ,*' "+,+0+$ ,*9

+%0"+$$" 54% +#$ #419$%" 45 9$&$*+0%$"Y"$E0%$9

;%$6!06 *4+$"Y&4*9"Y4+#$% "$E0%!+!$"Y9$&+

!*"+%06$*+"? ,*9 4+#$% "$E0%$9 1$*9$%"

S#$%$!*,5+$% %$5$%%$9 +4 ," `+#$ <$*9$%"^U +4

"$E0%$ %$;,'6$*+ 45 ,*' 14,*" S&4+# %0;$$ 14,*"

,*9 54%$!(* E0%%$*E' 14,*"U ,*9Y4% ,*' 4+#$%

5!*,*E!,1 ,""!"+,*E$ ,*9Y4% (0,%,*+$$ 5,E!1!+!$"

,1%$,9' 4&+,!*$9 4% +#,+ 6,' #$%$,5+$% &$

4&+,!*$9 5%46 ,*' 45 +#$ <$*9$%" &' +#$

:46;,*'? ,*9Y4% +4 "$E0%$ %$9$6;+!4* 45

9$&$*+0%$" S=#$+#$% ;,%+1'Y 5011' E4*)$%+!&1$ 4%

*4*ME4*)$%+!&1$UY "$E0%$9 ;%$6!06 *4+$"Y

&4*9"Y 4+#$% "$E0%!+!$"Y 9$&+ !*"+%06$*+" ,*9Y4%

%0;$$Y 54%$!(* E0%%$*E' E4*)$%+!&1$ &4*9"

,*9Y4% &4*9" =!+# "#,%$ =,%%,*+" ,++,E#$9?

,1%$,9' !""0$9 4% +#,+ 6,' #$%$,5+$% &$ !""0$9 &'

+#$ :46;,*'? +4($+#$% =!+# ,11 !*+$%$"+?

E46;40*9 ,99!+!4*,1 !*+$%$"+? E466!+6$*+

E#,%($? 1!f0!9,+$9 9,6,($"? ;%$6!06 4*

;%$;,'6$*+ 4% 4* %$9$6;+!4*? +%0"+$$"I

%$60*$%,+!4*? E4"+"? E#,%($"? $V;$*"$" ,*9 ,11

4+#$% 64*!$" !*E109!*( %$),10,+!4*Y 9$),10,+!4*Y

510E+0,+!4* !* +#$ %,+$" 45 54%$!(* E0%%$*E!$"

!*)41)$9? ;,',&1$ &' +#$ :46;,*' +4 +#$ <$*9$%"

E4*E$%*$9? !* +$%6" 45 +#$!% %$";$E+!)$ <4,*

/ ( % $ $ 6 $ * + " Y Q $ , 9 " 4 5 / ( % $ $ 6 $ * + " Y

Q ' ; 4 + # $ E , + ! 4 * / ( % $ $ 6 $ * + " Y > % 0 " + $ $ "

/(%$$6$*+"Y <$++$%" 45 @,*E+!4*Y 3$64%,*906

45 +$%6" ,*9 E4*9!+!4*"Y P$&$*+0%$ :$%+!5!E,+$"

$*+$%$9 !*+4Y+4 &$ $*+$%$9 !*+4Y 8""0$9Y +4 &$

!""0$9 &' +#$ :46;,*'e L%4)!9$9 +#,+ +#$ +4+,1

&4%%4=!*(" 45 +#$ :46;,*' S$VE10"!)$ 45 !*+$%$"+U

=#$+#$% &' =,' 45 14,*" ,*9Y4% ,*' 4+#$%

5!*,*E!,1 ,""!"+,*E$ ,*9Y4% (0,%,*+$$ 5,E!1!+!$"

,*9Y4% !""0$ 45 9$&$*+0%$"Y"$E0%$9 ;%$6!06

*4+$"Y 4+#$% "$E0%!+!$"Y9$&+ !*"+%06$*+" +4 &$

"$E0%$9 ," ,54%$",!9 S,;,%+ 5%46 +$6;4%,%' 14,*"

4&+,!*$9 4% +4 &$ 4&+,!*$9 5%46 +#$ :46;,*'I"

&,*]$%" !* +#$ 4%9!*,%' E40%"$ 45 &0"!*$""U "#,11

*4+ ,*' +!6$ $VE$$9 +#$ 1!6!+ 45 ` \. :%4%$"

S70;$$" c!(#+' :%4%$"UD

RESOLVED FURTHER THAT +#$ O4,%9 &$ ,*9

!" #$%$&' ,0+#4%!g$9 +4 5!*,1!"$ ,*9 $V$E0+$ =!+#

,*' 45 +#$ <$*9$%" h4!*+1' 4% "$)$%,11'? +#$

94E06$*+"? !*"+%06$*+" ,*9 =%!+!*(" 54%

E%$,+!*( ,54%$",!9 64%+(,($YE#,%($ ,*9 +4 94 ,11

"0E# ,E+"? 9$$9"? 6,++$%" ,*9 +#!*(" ," 6,' &$

E4*"!9$%$9*$E$"",%'? 9$"!%,&1$ 4% $V;$9!$*+ 54%

!6;1$6$*+!*( +#$ ,54%$",!9 7$"410+!4* ,*9 +4

%$"41)$ ,*' f0$"+!4*? 9!55!E01+' 4% 940&+ =#!E#

6,' ,%!"$ !* %$1,+!4* +#$%$+4 4% 4+#$%=!"$

E4*"!9$%$9 &' +#$ O4,%9 +4 &$ !* +#$ &$"+

!*+$%$"+ 45 +#$ :46;,*'D^

BY ORDER OF THE BOARD

@9YM

Siddhi Patil

Company Secretary

Place: Mumbai

Date: August 14, 2014.


ANNUAL REPORT

2013!14

4

NOTES:

BD /* $V;1,*,+4%' "+,+$6$*+ ;0%"0,*+ +4 @$E+!4*

B.A 45 +#$ :46;,*!$" /E+? A.B-? =#!E# "$+" 40+

9$+,!1" %$1,+!*( +4 +#$ @;$E!,1 O0"!*$""$" ,+ +#$

6$$+!*(? !" ,**$V$9 #$%$+4D

AD / 3c3Oc7 cK>8><cP >W />>cKP /KP aW>c />

>Qc 3cc>8K2 8@ cK>8><cP >W /LLW8K> /

L7Wij YL7Wi8c@ >W />>cKP /KP aW>c

8K@>c/P WG Q83@c<GYQc7@c<GD @k:Q /

L7WijYL7Wi8c@ KccP KW> Oc / 3c3Oc7 WG

>Qc :W3L/KjD / ;$%"4* E,* ,E+ ," ;%4V' 4*

&$#,15 45 6$6&$%" *4+ $VE$$9!*( 5!5+' ST.U ,*9

#419!*( !* +#$ ,((%$(,+$ *4+ 64%$ +#,* +$*

;$%E$*+ 45 +#$ +4+,1 "#,%$ E,;!+,1 45 +#$ :46;,*'D

8* E,"$ , ;%4V' !" ;%4;4"$9 +4 &$ ,;;4!*+$9 &' ,

3$6&$% #419!*( 64%$ +#,* B.l 45 +#$ +4+,1 "#,%$

E,;!+,1 45 +#$ :46;,*' E,%%'!*( )4+!*( %!(#+"?

+#$* "0E# ;%4V' "#,11 *4+ ,E+ ," , ;%4V' 54% ,*'

4+#$% ;$%"4* 4% "#,%$#419$%D >#$ !*"+%06$*+ 45

L%4V' !* 4%9$% +4 &$ $55$E+!)$? "#4019 &$ 9$;4"!+$9

,+ +#$ 7$(!"+$%$9 W55!E$ 45 +#$ :46;,*'? 901'

E46;1$+$9 ,*9 "!(*$9? *4+ 1$"" +#,* C\ #40%"

&$54%$ +#$ E466$*E$6$*+ 45 +#$ 6$$+!*(D /

L%4V' 54%6 !" "$*+ #$%$=!+#D L%4V!$" "0&6!++$9 4*

&$#,15 45 +#$ E46;,*!$"? "4E!$+!$"? $+ED? 60"+ &$

"0;;4%+$9 &' ,* ,;;%4;%!,+$

%$"410+!4*Y,0+#4%!+'? ," ,;;1!E,&1$D

-D >#$ 7$(!"+$% 45 3$6&$%" ,*9 @#,%$ >%,*"5$%

O44]" 45 +#$ :46;,*' "#,11 %$6,!* E14"$9 5%46

J$9*$"9,'? @$;+$6&$% AC? A.BC +4 >0$"9,'?

@$;+$6&$% -.? A.BC SO4+# +#$ 9,'" !*E10"!)$U? 54%

+#$ ;0%;4"$ 45 -.+# /**0,1 2$*$%,1 3$$+!*(

S/23U 45 +#$ 3$6&$%" 45 +#$ :46;,*' +4 &$ #$19

4* >0$"9,'? @$;+$6&$% -.? A.BCD

CD O%!$5 %$"06$ 45 P!%$E+4%" ;%4;4"$9 +4 &$

,;;4!*+$9Y%$M,;;4!*+$9? *,+0%$ 45 +#$!% $V;$%+!"$

!* 50*E+!4*,1 ,%$,"? *,6$" 45 E46;,*!$" !* =#!E#

+#$' #419 9!%$E+4%"#!;" ,*9 6$6&$%"#!;"Y

E#,!%6,*"#!;" 45 O4,%9 :466!++$$" ,*9

"#,%$#419!*(? ,%$ #$%$+4 ,**$V$9D

TD 85 +#$ 6$6&$%I" #,)$ ,*' f0$%!$" 4* +#$ /09!+$9

/EE40*+"? P!%$E+4%I" 7$;4%+ [ /09!+4%m" 7$;4%+?

+#$ ",6$ "#4019 &$ 54%=,%9$9 +4 +#$ :46;,*' !*

=%!+!*( ,+ !+" %$(!"+$%$9 455!E$ ,+ 1$,"+ B. 9,'"

&$54%$ +#$ 6$$+!*( "4 +#,+ +#$ ",6$ E,* &$

%$;1!$9 ,+ +#$ +!6$ 45 ,**0,1 ($*$%,1 6$$+!*( 54%

+#$ 6$6&$%I" ",+!"5,E+!4*D

FD @#,%$#419$%" ,%$ %$f0$"+$9 +4 #,*9 4)$% +#$

$*E14"$9 /++$*9,*E$ @1!;? 901' "!(*$9 !*

,EE4%9,*E$ =!+# +#$!% ";$E!6$* "!(*,+0%$S"U

%$(!"+$%$9 =!+# +#$ :46;,*' 54% ,96!""!4* +4

+#$ 6$$+!*( #,11D @#,%$#419$%" =#4 #419 "#,%$"

!* 9$6,+$%!,1!"$9 54%6 ,%$ %$f0$"+$9 +4 &%!*(

+#$!% :1!$*+ 8P ,*9 PL 8P *06&$%" 54%

!9$*+!5!E,+!4* ,14*( =!+# +#$ 89$*+!+' L%445D

_D >#$ %$;%$"$*+,+!)$ 45 , &49' E4%;4%,+$ =#4 !"

%$(!"+$%$9 "#,%$#419$% 45 +#$ :46;,*' 6,'

,++$*9 ,*9 )4+$ ,+ +#$ /**0,1 2$*$%,1 3$$+!*(

;%4)!9$9 , E$%+!5!$9 +%0$ E4;' 45 +#$ %$"410+!4*

45 +#$ O4,%9 45 P!%$E+4%" 4% 24)$%*!*( &49' 45

"0E# &49' E4%;4%,+$ ,0+#4%!g!*( "0E# ;$%"4* +4

,E+ ," !+" %$;%$"$*+,+!)$ ,+ +#$ /**0,1 2$*$%,1

3$$+!*( !" 149($9 =!+# +#$ :46;,*' ,+ !+"

7$(!"+$%$9 W55!E$ *4+ 1,+$% +#,* C\ #40%" &$54%$

+#$ E466$*E$6$*+ 45 +#$ 6$$+!*(D

\D >#$ @$E0%!+!$" cVE#,*($ O4,%9 45 8*9!, S@cO8U

#," 6,*9,+$9 +#$ "0&6!""!4* 45 L$%6,*$*+

/EE40*+ K06&$% SL/KU &' $)$%' ;,%+!E!;,*+ !*

"$E0%!+!$" 6,%]$+D @#,%$#419$%" #419!*( "#,%$"

!* 9$6,+ 54%6 ,%$? +#$%$54%$ %$f0$"+$9 +4 "0&6!+

+#$ L/K +4 +#$!% P$;4"!+4%' L,%+!E!;,*+ =!+#

=#46 +#$' ,%$ 6,!*+,!*!*( +#$!% 9$6,+

,EE40*+"D @#,%$#419$%" #419!*( "#,%$" !*

;#'"!E,1 54%6 E,* "0&6!+ +#$!% L/K 9$+,!1" +4 +#$

:46;,*'I" 7$(!"+%,% ,*9 >%,*"5$% /($*+D

XD 3$6&$%" ,%$ %$f0$"+$9 +4 *4+!5' !66$9!,+$1'

,*' E#,*($ 45 ,99%$""N

S!U +4 +#$!% P$;4"!+,%' L,%+!E!;,*+" SPL"U !*

%$";$E+ 45 +#$!% $1$E+%4*!E "#,%$ ,EE40*+"?

,*9

S!!U +4 +#$ :46;,*'I" 7$(!"+%,% [ @#,%$ >%,*"5$%

/($*+"? <!*] 8*+!6$ 8*9!, L%!),+$ <!6!+$9? :M

B-? L,**,1,1 @!1] 3!11" :46;40*9? <O@ 3,%(?

O#,*90; SJ$"+U? 306&,! M C.. ._\D Tel

No.: nXB AA ATXF -\-\ Fax NoDN nXB AA

ATXC FXFX E!mailN

%*+D#$1;9$"]o1!*]!*+!6$DE4D!*? Website:

===D1!*]!*+!6$DE4D!*D? !* %$";$E+ 45 +#$!%

;#'"!E,1 "#,%$ 541!4"? !5 ,*'? f04+!*( +#$!%

541!4 *06&$%"D

10. L0%"0,*+ +4 @$E+!4* B.B ,*9 @$E+!4* B-F 45 +#$

:46;,*!$" /E+? A.B- %$,9 =!+# %$1$),*+ 701$"

6,9$ +#$%$ 0*9$%? :46;,*!$" E,* "$%)$ /**0,1

7$;4%+" ,*9 4+#$% E4660*!E,+!4*" +#%40(#

$1$E+%4*!E 649$ +4 +#4"$ "#,%$#419$%" =#4 #,)$


ANNUAL REPORT

2013!14

5

%$(!"+$%$9 +#$!% $M6,!1 ,99%$"" $!+#$% =!+# +#$

:46;,*' 4% =!+# +#$ P$;4"!+4%'D /EE4%9!*(1'? +#$

K4+!E$ 45 +#$ /23 ,14*( =!+# +#$ /**0,1 7$;4%+

A.B-MBC !" &$!*( "$*+ &' $1$E+%4*!E 649$ +4 +#4"$

"#,%$#419$%" =#4"$ $M6,!1 ,99%$""$" ,%$

%$(!"+$%$9 =!+# +#$ :46;,*'YP$;4"!+4%!$"?

0*1$"" ,*' "#,%$#419$% #," %$f0$"+$9 54% ,

;#'"!E,1 E4;' 45 +#$ ",6$D G4% "#,%$#419$%"

=#4#,)$ *4+ %$(!"+$%$9 +#$!% $M6,!1 ,99%$""$"?

;#'"!E,1 E4;!$" ,%$ &$!*( "$*+ &' +#$ ;$%6!++$9

649$D

BBD /" ;,%+ 45 +#$ 2%$$* 8*!+!,+!)$ !* :4%;4%,+$

24)$%*,*E$? +#$ 3!*!"+%' 45 :4%;4%,+$ /55,!%"

S`3:/^U? 24)$%*6$*+ 45 8*9!,? +#%40(# !+"

:!%E01,% K4"D B_YA.BB ,*9 B\YA.BB? 9,+$9 /;%!1

AB? A.BB ,*9 /;%!1 AX? A.BB %$";$E+!)$1'? #,"

,114=$9 E46;,*!$" +4 "$*9 455!E!,1 94E06$*+"

+#%40(# $1$E+%4*!E 649$D

8* +#$ ";!%!+ 45 +#$ ,&4)$ E!%E01,%" ,*9 ," ;,%+ 45

+#$ :46;,*'I" 2%$$* 8*!+!,+!)$? +#$ :46;,*' 6,'

;%4;4"$ +4 "$*9 94E06$*+" 1!]$ K4+!E$ E4*)$*!*(

+#$ ($*$%,1 6$$+!*("? G!*,*E!,1 @+,+$6$*+"?

P!%$E+4%I" 7$;4%+? $+ED +4 +#$ $M6,!1 ,99%$""

;%4)!9$9 &' +#$ 6$6&$%"D

BAD a4+!*( +#%40(# $1$E+%4*!E 6$,*"N

8* E46;1!,*E$ =!+# ;%4)!"!4*" 45 @$E+!4* B.\ 45

+#$ :46;,*!$" /E+? A.B- ,*9 701$ A. 45 +#$

:46;,*!$" S3,*,($6$*+ ,*9 /96!*!"+%,+!4*U

701$"? A.BC ,*9 :1,0"$ -TO 45 +#$ <!"+!*(

/(%$$6$*+ =!+# @+4E] cVE#,*($"? +#$ :46;,*' !"

;1$,"$9 +4 ;%4)!9$ 6$6&$%" 5,E!1!+' +4 $V$%E!"$

+#$!% %!(#+ +4 )4+$ ,+ +#$ -.+# /**0,1 2$*$%,1

3$$+!*( S/23U &' $1$E+%4*!E 6$,*" ,*9 +#$

&0"!*$"" 6,' &$ +%,*",E+$9 +#%40(# $Ma4+!*(

@$%)!E$" ;%4)!9$9 &' :$*+%,1 P$;4"!+4%' @$%)!E$"

S8*9!,U <!6!+$9 S:P@<UN

8* E,"$ 45 6$6&$%" %$E$!)!*( $M6,!1N

S!U <4( 4* +4 +#$ $M)4+!*( =$&"!+$

===D$)4+!*(!*9!,DE46

S!!U :1!E] 4* `@#,%$#419$%"^ +,&D

S!!!U K4=? "$1$E+ +#$ `:W3L/Kj K/3c^ !D$D 7Wj/<

8KP8/ :W7LW7/>8WK <838>cP 5%46 +#$ 9%4;

94=* 6$*0 ,*9 E1!E] 4* `@kO38>^D

S!)U K4= c*+$% '40% k"$% 8PN

,D G4% :P@<N BF 9!(!+" &$*$5!E!,%' 8P?

&D G4% K@P<N \ :#,%,E+$% PL8P 54114=$9 &' \

P!(!+" :1!$*+ 8P?

ED 3$6&$%" #419!*( "#,%$" !* L#'"!E,1 G4%6

"#4019 $*+$% G41!4 K06&$% %$(!"+$%$9 =!+#

+#$ :46;,*'D SF P!(!+ /1;#,M K06$%!EU

S)U K$V+ $*+$% +#$ 86,($ a$%!5!E,+!4* ," 9!";1,'$9

,*9 :1!E] 4* <4(!*D

S)!U 85 '40 ,%$ #419!*( "#,%$" !* 9$6,+ 54%6 ,*9

#,9 14(($9 4* +4 ===D$)4+!*(!*9!,DE46 ,*9

)4+$9 4* ,* $,%1!$% )4+!*( 45 ,*' E46;,*'?

+#$* '40% $V!"+!*( ;,""=4%9 !" +4 &$ 0"$9D

S)!!U 85 '40 ,%$ , 5!%"+ +!6$ 0"$% 54114= +#$ "+$;"

(!)$* &$14=N

For Shareholders holding shares in

Demat Form and Physical Form

L/K c*+$% '40% B. 9!(!+ ,1;#,M*06$%!E

pL/K !""0$9 &' 8*E46$ >,V

P$;,%+6$*+ S/;;1!E,&1$ 54% &4+#

9$6,+ "#,%$#419$%" ," =$11 ,"

;#'"!E,1 "#,%$#419$%"U

@#,%$#419$%" =#4 #,)$ *4+

0;9,+$9 +#$!% L/K =!+# +#$

:46;,*'YP$;4"!+4%' L,%+!E!;,*+

,%$ %$f0$"+$9 +4 0"$ +#$ 5!%"+ +=4

1$++$%" 45 +#$!% *,6$ ,*9 +#$ 1,"+ \

9!(!+" 45 +#$ 9$6,+ ,EE40*+Y541!4

*06&$% !* +#$ L/K 5!$19D

8* E,"$ +#$ 541!4 *06&$% !" 1$""

+#,* \ 9!(!+" $*+$% +#$ ,;;1!E,&1$

*06&$% 45 .I" &$54%$ +#$ *06&$%

,5+$% +#$ 5!%"+ +=4 E#,%,E+$%" 45 +#$

*,6$ !* :/L8>/< 1$++$%"D $(D 85

'40% *,6$ !" 7,6$"# Z06,% =!+#

541!4 *06&$% 7BA-CT +#$* $*+$%

7/..7BA-CT !* +#$ L/K 5!$19D

PWOp

c*+$% +#$ P,+$ 45 O!%+# ,"

%$E4%9$9 !* '40% 9$6,+ ,EE40*+ 4%

!* +#$ :46;,*'

%$E4%9" 54% +#$ ",!9 9$6,+ ,EE40*+

4% 541!4 !* 99Y66Y'''' 54%6,+D

O,*]

P$+,!1"

/" %$E4%9$9 !* '40% 9$6,+

,EE40*+ 4% !* +#$ E46;,*' %$E4%9"

54% +#$ ",!9 9$6,+ ,EE40*+ 4% 541!4D

L1$,"$ $*+$% +#$ PWO 4% P!)!9$*9

O,*] P$+,!1" !* 4%9$% +4 14(!*D 85

+#$ 9$+,!1" ,%$ *4+ %$E4%9$9 =!+#

+#$ 9$;4"!+4%' 4% E46;,*' ;1$,"$

$*+$% +#$ *06&$% 45 "#,%$" #$19

&' '40 ," 4* +#$ E0+ 455 9,+$ !* +#$

P!)!9$*9 O,*] 9$+,!1" 5!$19D

S)!!!U /5+$% $*+$%!*( +#$"$ 9$+,!1" ,;;%4;%!,+$1'?

E1!E] 4* `@kO38>^ +,&D

S!VU 3$6&$%" #419!*( "#,%$" !* ;#'"!E,1 54%6 =!11

+#$* %$,E# 9!%$E+1' +#$ :46;,*' "$1$E+!4*

"E%$$*D Q4=$)$%? 6$6&$%" #419!*( "#,%$" !*

9$6,+ 54%6 =!11 *4= %$,E# qL,""=4%9

:%$,+!4*I 6$*0 =#$%$!* +#$' ,%$ %$f0!%$9 +4

6,*9,+4%!1' $*+$% +#$!% 14(!* ;,""=4%9 !* +#$


ANNUAL REPORT

2013!14

6

!"# $%&&"'()# *+!,)-# .+ ),/# '0!# 01%0# 01+&#$%&&"'()# +&# 0'# 2!# %,&'# 3&!)# 2/# 01!# )!4%0#1',)!(&#*'(#5'0+ 6#*'(#(!&',30+' &#'*#% /#'01!(#7'4$% /# ' #"1+71# 01!/# %(!# !,+6+2,!# 0'# 5'0!8#$('5+)!)# 01%0 7'4$% /# '$0&# *'(# !95'0+ 6#01('361# :;<=# $,%0*'(4-# >0# +&# &0(' 6,/#(!7'44! )!)# '0# 0'# &1%(!# /'3(# $%&&"'()#"+01# % /# '01!(# $!(&' # % )# 0%?!# 304'&0# 7%(!#0'#?!!$#/'3(#$%&&"'()#7' *+)! 0+%,-#

@AB C'(#D!42!(&#1',)+ 6#&1%(!&#+ #$1/&+7%,#*'(48#01!# )!0%+,&# 7% # 2!# 3&!)# ' ,/# *'(# !95'0+ 6# ' #01!(!&',30+' &#7' 0%+ !)#+ #01+&#E'0+7!-##

#@A+B :,+7?#' #01!#FG<E#*'(#01!#(!,!5% 0#H:'4$% /#

E%4!I# +-!-# J'/%,# > )+%# :'($'(%0+' # =+4+0!)8#' #"1+71#/'3#71''&!#0'#5'0!-#

#@A++B K # 01!# 5'0+ 6# $%6!8# /'3# "+,,# &!!#

LJF<K=MN>KE#;F<:J>ON>KEP#% )#%6%+ &0#01!#&%4!# 01!# '$0+' # LQF<REKP# *'(# 5'0+ 6-# <!,!70#01!#'$0+' #QF<# '(#EK#%&# )!&+(!)-# N1!# '$0+' #QF<#+4$,+!&#01%0#/'3#%&&! 0#0'#01!#J!&',30+' #% )#'$0+' #EK#+4$,+!&#01%0#/'3#)+&&! 0#0'#01!#J!&',30+' -#

#@A+++B :,+7?#' #01!#LJF<K=MN>KE<#C>=F#=>E.P#+*#/'3#

"+&1#0'#5+!"#01!#! 0+(!#J!&',30+' #)!0%+,&-##

@A+5B S*0!(# &!,!70+ 6# 01!# (!&',30+' # /'3# 1%5!#)!7+)!)# 0'# 5'0!# ' 8# 7,+7?# ' # L<MTD>NP-# S#7' *+(4%0+' # 2'A# "+,,# 2!# )+&$,%/!)-# >*# /'3#"+&1#0'#7' *+(4#/'3(#5'0!8#7,+7?#' #LK.P8#!,&!#0'# 71% 6!# /'3(# 5'0!8# 7,+7?# ' # L:SE:F=P# % )#%77'()+ 6,/#4')+*/#/'3(#5'0!-#

#@A5B K 7!# /'3# L:KEC>JDP# /'3(# 5'0!# ' # 01!#

(!&',30+' 8#/'3#"+,,# '0#2!#%,,'"!)#0'#4')+*/#/'3(#5'0!-#

#@A5+B Q'3#7% #%,&'#0%?!#'30#$(+ 0#'*#01!#5'0+ 6#)' !#

2/# /'3# 2/# 7,+7?+ 6# ' # L:,+7?# 1!(!# 0'# $(+ 0P#'$0+' #' #01!#G'0+ 6#$%6!-##

#@A5++B >*# ;!4%0# %77'3 0# 1',)!(# 1%&# *'(6'00! # 01!#

71% 6!)#$%&&"'()#01! #F 0!(#01!#M&!(#>;#% )#01!# +4%6!# 5!(+*+7%0+' # 7')!# % )# 7,+7?# ' #C'(6'0# O%&&"'()# U# ! 0!(# 01!# )!0%+,&# %&#$('4$0!)#2/#01!#&/&0!4-##V# > &0+030+' %,#&1%(!1',)!(&#@+-!-#'01!(#01% #

> )+5+)3%,&8# WMC8# EJ># !07-B# %(!# (!X3+(!)#0'# ,'6# ' # 0'#100$&YRR"""-!5'0+ 6+ )+%-7'-+ # % )#(!6+&0!(#01!4&!,5!&#%&#:'($'(%0!&-#

V# 01!/#&1'3,)#&324+0#%#&7% !)#7'$/#'*#01!#J!6+&0(%0+' #C'(4#2!%(+ 6#01!#&0%4$#% )#&+6 # '*# 01!# ! 0+0/# 0'#1!,$)!&?-!5'0+ 6Z7)&,+ )+%-7'4-#

V# S*0!(#(!7!+5+ 6#01!#,'6+ #)!0%+,&#01!/#1%5!#

0'#7(!%0!#% 3&!(#"1'#"'3,)#2!#%2,!#0'#,+ ?#01!#%77'3 0@&B#"1+71#01!/#"+&1#0'#5'0!#' -#

V# N1!# ,+&0# '*# %77'3 0&# &1'3,)# 2!# 4%+,!)# 0'#1!,$)!&?-# !5'0+ 6Z7)&,+ )+%-7'4# % )# ' #%$$('5%,#'*#01!#%77'3 0&#01!/#"'3,)#2!#%2,!#0'#7%&0#01!+(#5'0!-#

V# N1!/# &1'3,)# 3$,'%)# %# &7% !)# 7'$/# '*# 01!#T'%()# J!&',30+' # % )# O'"!(# '*# S00'( !/#@OKSB#"1+71#01!/#1%5!#+&&3!)#+ #*%5'3(#'*#01!#:3&0')+% 8# +*#% /8# + #O;C#*'(4%0#+ #01!#&/&0!4#*'(#01!#&7(30+ +[!(#0'#5!(+*/#01!#&%4!-###

> #7%&!#'*#4!42!(&#(!7!+5+ 6#01!#$1/&+7%,#7'$/Y##@SB O,!%&!#*',,'"#%,,#&0!$&#*('4#&(-# '-#@+B#0'#&(-# '-#

@A5++B#%2'5!#0'#7%&0#5'0!-##

@TB N1!# 5'0+ 6# $!(+')# 2!6+ &# ' # *('4# \]01#<!$0!42!(8# \^_]# %0# `-^^# %-4-# ! )# ' # \a01#<!$0!42!(8# \^_]# %0# a-^^# $-4-# ;3(+ 6# 01+&#$!(+')#&1%(!1',)!(&b#'*# 01!#:'4$% /8#1',)+ 6#&1%(!&# !+01!(# + # $1/&+7%,# *'(4# '(# + #)!4%0!(+%,+[!)# *'(48# %&# ' # 01!# 730'**# )%0!# '*#@(!7'()# )%0!B# '*# S363&0# \\8# \^_]8# 4%/# 7%&0#01!+(# 5'0!#!,!70(' +7%,,/-#N1!#!95'0+ 6#4')3,!#&1%,,#2!#)+&%2,!)#2/#:;<=#*'(#5'0+ 6#01!(!%*0!(-

#@:B > # 7%&!# /'3# 1%5!# % /# X3!(+!&# '(# +&&3!&#

(!6%()+ 6# !95'0+ 68# /'3# 4%/# (!*!(# 01!#C(!X3! 0,/# S&?!)# c3!&0+' &# @LCSc&PB# % )# !95'0+ 6# 4% 3%,# %5%+,%2,!# %0#"""-!5'0+ 6+ )+%-7'-+ # 3 )!(# 1!,$# &!70+' # '(#"(+0!# % # !4%+,# 0'#1!,$)!&?-!5'0+ 6Z7)&,+ )+%-7'4-#

#

a. D(-# e%3(% 6# <1%18# O(%70+7+ 6# :'4$% /#

<!7(!0%(/8# @D!42!(&1+$# E'-# f\gh_B# 1%&# 2!! #

%$$'+ 0!)#%&#01!#<7(30+ +[!(# 0'#&7(30+ +[!# 01!#!9

5'0+ 6#$('7!&&#+ #%#*%+(#% )#0(% &$%(! 0#4% !(-

2- N1!# <7(30+ +[!(# &1%,,# "+01+ # %# $!(+')# '0#!A7!!)+ 6# 01(!!# @fB# "'(?+ 6# )%/&# *('4# 01!#7' 7,3&+' # '*# 01!# !95'0+ 6# $!(+')# 3 2,'7?# 01!#5'0!&# + # 01!# $(!&! 7!# '*# %0# ,!%&0# 0"'# @\B#"+0 !&&!&# '0# + # 01!# !4$,'/4! 0# '*# 01!#:'4$% /#% )#4%?!#%#<7(30+ +[!(b&#J!$'(0#'*#01!#5'0!&# 7%&0# + # *%5'3(#'(#%6%+ &08# +*#% /8# *'(01"+01#0'#01!#:1%+(4% #'*#01!#:'4$% /-#

#7- N1!#J!&3,0&#)!7,%(!)#%,' 6"+01#01!#<7(30+ +[!(b&#

J!$'(0#&1%,,#2!#$,%7!)#' #01!#:'4$% /b&#"!2&+0!#"""-(+7,-+ # % )# ' # 01!#"!2&+0!# '*# :;<=#"+01+ #0"'#@\B#)%/&#'*#$%&&+ 6#'*#01!#(!&',30+' &#%0#01!#SeD#'*# 01!#:'4$% /#% )# 7'443 +7%0!)# 0'# 01!#T<F#=+4+0!)-#

#)- DFDTFJ<# WK=;>Ee# FcM>NQ# <WSJF<# >E#

F=F:NJKE>:#CKJD8#SE;#OJKi>F<#NWFJFKC8##


#

ANNUAL REPORT

2013!14

7

SJF#JFcMF<NF;#NK#TJ>Ee#NWF>J#;O# >; SE;#

:=>FEN#>;#CKJ#>;FEN>C>:SN>KE-#

#

By Order of the Board

For Royal India Corporation Ltd.

Sd/!

Siddhi Patil

Company Secretary#

#

O,%7!#Y#D342%+#

;%0!#Y#_]01#S363&08#\^_]#

Registered Office#Y# #

a\8#a01#C,''(8#:9j+ 68##

D+00%,#N'"!(8##

E%(+4% #O'+ 08##

D342%+#]^^#^\_-#

#

N!,-#Y#^\\9]f]_kkkk#

C%A#Y#^\\9\\hkk\k\#

j!2&+0!#Y#"""-(+7,-+ ##F4%+,#Y#+ *'Z(+7,-+

EXPLANATORY STATEMENT IN RESPECT OF THE

SEPCIAL BUSINESS PURSUANT TO SECTION 102

OF THE COMPANIES ACT, 2013

#

Item 4 to 7

D(-#;%4')%(#W%(+#O%+#@;+ #E'-#^^_k\fk\B8#D(-#J%5+#

.% 0# :1%03(5!)+# @;+ # E'-# ^g_`hh__B8# D(-#

S&1'?%)+0/%# ;13(% )1%(# @;+ # E'-# ^ag^`^f_B# % )#

D&-# D% +&1%# S % )# @;>E# E'-# ^f]`k`g^B# @1!(!+ #

%*0!(# 7',,!70+5!,/# (!*!((!)# 0'# %&# L> )!$! )! 0#

;+(!70'(&# '*# 01!# :'4$% /B# %(!# > )!$! )! 0#

;+(!70'(&#'*#01!#:'4$% /-#

M )!(#<!70+' #_]`#'*#01!#:'4$% +!&#S708#\^_f#@L01!#

S70PB# % )# '01!(# %$$,+7%2,!# $('5+&+' &8# +*# % /8#

> )!$! )! 0# ;+(!70'(&# %(!# 0'# 2!# %$$'+ 0!)# *'(# %#

7' &!730+5!# 0!(4# '*# *+5!# /!%(&# % )# +&# '0# ,+%2,!# 0'#

(!0+(!#2/#('0%0+' -#

C3(01!(8# 01!#<!73(+0+!&#% )#FA71% 6!#T'%()#'*# > )+%#

@<FT>B#1%&#$('$'&!)#%4! )4! 0#0'#:,%3&!#]`#'*#01!#

=+&0+ 6# S6(!!4! 0# + 0!(# %,+%# &0+$3,%0+ 6# 01!#

7' )+0+' &# *'(# 01!# %$$'+ 04! 0# '*# > )!$! )! 0#

;+(!70'(&#2/#%#=+&0!)#:'4$% /-#

N1!# > )!$! )! 0#;+(!70'(&# '*# 01!# :'4$% /# %(!# '0#

)+&X3%,+*+!)# *('4# 2!+ 6# %$$'+ 0!)# %&# ;+(!70'(&# + #

0!(4&#'*#<!70+' #_a]#'*#01!#:'4$% +!&#S708#\^_f#% )#

1%5!#6+5! #01!+(#7' &! 0#0'#%70#%&#;+(!70'(&-#

N1!# :'4$% /# 1%&# (!7!+5!)# '0+7!&# + # "(+0+ 6# *('4#

4!42!(@&B# %,' 6"+01# 01!# )!$'&+0# '*# (!X3+&+0!#

%4'3 0# 3 )!(# <!70+' # _a^# '*# :'4$% +!&# S708# \^_f#

$('$'&+ 6# 01!# 7% )+)%03(!&# '*# !%71# '*# 01!#

> )!$! )! 0#;+(!70'(&#'*#01!#:'4$% /#*'(#01!#'**+7!#

'*#;+(!70'(&#'*# 01!#:'4$% /-#N1!#:'4$% /#1%&#%,&'#

(!7!+5!)# )!7,%(%0+' &# *('4# 01!# > )!$! )! 0#

;+(!70'(&# '*# 01!# :'4$% /# 01%0# 01!/# 4!!0# "+01# 01!#

7(+0!(+%# '*# + )!$! )! 7!# %&# $(!&7(+2!)# 2'01# 3 )!(#

&329&!70+' #@aB#'*#<!70+' #_]`#'*#01!#:'4$% +!&#S708#

\^_f#% )#3 )!(#:,%3&!#]`#'*#01!#=+&0+ 6#S6(!!4! 0-#

> # 01!# '$+ +' # '*# 01!# T'%()8# D(-# ;%4')%(# W%(+# O%+#

@;+ #E'-# ^^_k\fk\B8#D(-#J%5+#.% 0#:1%03(5!)+# @;+ #

E'-# ^g_`hh__B8# D(-# S&1'?%)+0/%# ;13(% )1%(# @;+ #

E'-# ^ag^`^f_B# % )# D&-# D% +&1%# S % )# @;>E# E'-#

^f]`k`g^B8##*3,*+,,#01!#7' )+0+' &#*'(#%$$'+ 04! 0#%&#

> )!$! )! 0#;+(!70'(&#%&#&$!7+*+!)#+ #01!#S70#% )#01!#

=+&0+ 6# S6(!!4! 0-# N1!/# %(!# + )!$! )! 0# '*# 01!#

4% %6!4! 0-#

#

T(+!*# (!&34!# '*# 01!# > )!$! )! 0# ;+(!70'(&# '*# 01!#

:'4$% /8# %03(!# '*# 01!+(# !A$!(0+&!# + # *3 70+' %,#


#

ANNUAL REPORT

2013!14

8

%(!%&# % )# %4!&# '*# 7'4$% +!&# + # "1+71# 01!/# 1',)#

)+(!70'(&1+$&# % )# 4!42!(&1+$&R71%+(4% &1+$&# '*#

T'%()# :'44+00!!&8# &1%(!1',)+ 6# % )# (!,%0+' &1+$&#

2!0"!! #)+(!70'(&#+ 0!(9&!#%&#&0+$3,%0!)#3 )!(#:,%3&!#

]`#'*#01!#=+&0+ 6#S6(!!4! 0#"+01#01!#<0'7?#FA71% 6!&8#

%(!#$('5+)!)#+ #S !A3(!#>#'*#01!# '0+7!-##

:'$/#'*# 01!#)(%*0# ,!00!(&# *'(# (!&$!70+5!#%$$'+ 04! 0&#

'*#D(-#;%4')%(#W%(+#O%+#@;+ #E'-#^^_k\fk\B8#D(-#J%5+#

.% 0#:1%03(5!)+#@;+ #E'-#^g_`hh__B8#D(-#S&1'?%)+0/%#

;13(% )1%(# @;+ # E'-# ^ag^`^f_B# % )# D&-# D% +&1%#

S % )#@;>E#E'-#^f]`k`g^B#%&#> )!$! )! 0#;+(!70'(&#

&!00+ 6#'30#01!#0!(4&#% )#7' )+0+' &#%(!#%5%+,%2,!#*'(#

+ &$!70+' #2/#4!42!(&#%0#01!#J!6+&0!(!)#K**+7!#'*#01!#

:'4$% /-##

N1+&# <0%0!4! 0#4%/#%,&'#2!# (!6%()!)#%&# %#)+&7,'&3(!#

3 )!(# :,%3&!# ]`# '*# 01!# =+&0+ 6# S6(!!4! 0# "+01# 01!#

<0'7?# FA71% 6!&-# N1!# > )!$! )! 0# ;+(!70'(&# '*# 01!#

:'4$% /# %(!# + 0!(!&0!)# + # 01!# (!&',30+' &# &!0# '30#

(!&$!70+5!,/# %0# >0!4# E'&-# ]# 0'# k# '*# 01!# E'0+7!# "+01#

(!6%()#0'#01!+(#(!&$!70+5!#%$$'+ 04! 0&-##

<%5!# % )# !A7!$0# 01!# %2'5!8# ' !# '*# 01!# '01!(#

;+(!70'(&R.!/# D% %6!(+%,# O!(&' !,# '*# 01!#

:'4$% /R01!+(#(!,%0+5!&#%(!8#+ #% /#"%/8#7' 7!( !)#'(#

+ 0!(!&0!)8# *+ % 7+%,,/# '(# '01!("+&!8# + # 01!&!#

(!&',30+' &-###

N1!#T'%()#(!7'44! )&#01!#K()+ %(/#J!&',30+' &#&!0#

'30#%0# >0!4#E'&-#]# 0'#k#'*# 01!#E'0+7!# *'(#%$$('5%,#2/#

01!#&1%(!1',)!(&-#

#

Item 8 & 9

#

N1!# :'4$% /# 1%&# %77'()!)# 2/# "%/# '*# % # K()+ %(/#

J!&',30+' 8#01!+(#%$$('5%,#0'#01!#T'%()#'*#;+(!70'(&#'*#

01!# :'4$% /# % )R'(# %# :'44+00!!# 01!(!'*# *'(#

2'(('"+ 6# 4' +!&# ' # 2!1%,*# '*# 01!# :'4$% /8# *('4#

0+4!# 0'# 0+4!8# 3$0'# % # %66(!6%0!# %4'3 0# @%$%(0# *('4#

0!4$'(%(/# ,'% &# '20%+ !)# *('4# 01!# :'4$% /b&#

2% ?!(&# + # 01!# '()+ %(/# 7'3(&!# '*# 23&+ !&&B# '0#

!A7!!)+ 6# 01!# $%+)# 3$# &1%(!# 7%$+0%,# '*# 01!# :'4$% /#

% )# +0&# *(!!# (!&!(5!&# 2/# ` h^# :('(!&-# W'"!5!(8# %*0!(#

01!#%$$,+7%2+,+0/#'*#01!#$('5+&+' &#'*#<!70+' #_h^@_B@7B#

'*# 01!# :'4$% +!&# S708# \^_f8# %# 7'4$% /# 7% # 2'(('"#

4' +!&#!A7!!)+ 6#01!#%66(!6%0!#'*# +0&#$%+)#3$#7%$+0%,#

% )# *(!!# (!&!(5!&# @%$%(0# *('4# 0!4$'(%(/# ,'% &#

'20%+ !)#*('4#01!#:'4$% /b&#2% ?!(&#+ #01!#'()+ %(/#

7'3(&!# '*# 23&+ !&&B# &32l!70# 0'# 01!# %$$('5%,# '*#

D!42!(&# '*# 01!# :'4$% /# 2/# "%/# '*# %# <$!7+%,#

J!&',30+' #%0#>0!4#E'-#h#'*#01!#E'0+7!-#

N1!#2'(('"+ 6&#'*#01!#:'4$% /#4%/8#+*# !7!&&%(/8#2!#

&!73(!)# 2/# "%/# '*# 71%(6!# R# 4'(06%6!# R# $,!)6!R#

1/$'01!7%0+' # ' # 01!# :'4$% /b&# %&&!0&# 7'4$(+&+ 6#

'*# 01!# 4'5%2,!# % )R'(# +44'5%2,!8#

0% 6+2,!R+ 0% 6+2,!# $('$!(0+!&# '*# 01!# :'4$% /8#

$(!&! 0# '(# *303(!8# + # *%5'3(#'*# 01!# ,! )!(@&BR#S6! 0#

@&B# R0(3&0!!@&B# *('4# 0+4!# 0'# 0+4!8# + # &371# *'(48#

4% !(#% )#(% ?+ 6#%&#4! 0+' !)#+ #01!#J!&',30+' #

%0# >0!4# E'-# `-# N1!# )'734! 0&# (!,%0+ 6# 0'# 71%(6!#

% )R'(# 4'(06%6!# % )R'(# $,!)6!# % )R'(#

1/$'01!7%0+' # + # *%5'3(# '*# 01!#

,! )!(@&BR%6! 0@&BR0(3&0!!@&B# 4%/# 7' 0%+ # 01!#

$('5+&+' &# 0'# 0%?!# '5!(# &32&0% 0+%,# %&&!0&# '*# 01!#

:'4$% /#+ #7!(0%+ #!5! 0&#"+01#%#$'"!(#0'#0%?!#'5!(#

01!#4% %6!4! 0#'*# 01!#23&+ !&&#% )#7' 7!( #'*# 01!#

:'4$% /8#"1+71#4%/#2!#(!6%()!)#%&#)+&$'&%,#'*#01!#

:'4$% /b&# 3 )!(0%?+ 6@&B# "+01+ # 01!# 4!% + 6# '*#

<!70+' #_h^@_B@%B#'*#01!#:'4$% +!&#S708#\^_f-#

#

S&#$!(#<!70+' #_h^@_B@%B#'*#01!#:'4$% +!&#S708#\^_f8#

01!#T'%()#'*#;+(!70'(&#'*#01!#:'4$% /#&1%,,#!A!(7+&!#

01!#$'"!(# 0'# &!,,8# ,!%&!# '(#'01!("+&!#)+&$'&!# '*# 01!#

"1',!# '(# &32&0% 0+%,,/# "1',!# '*# 01!# 3 )!(0%?+ 6# '*#

01!#:'4$% /8#' ,/#"+01# 01!# 7' &! 0#'*# 01!#D!42!(#

2/# %# <$!7+%,# J!&',30+' -# N1!# J!&',30+' # 3 )!(# >0!4#

E'-# `# +&# 01!(!*'(!# $('$'&!)# 0'# 2!# $%&&!)# 0'# &!!?#

7' &! 0# '*# &1%(!1',)!(&# *'(# 7(!%0+' # '*#

71%(6!R4'(06%6!R$,!)6!R# 1/$'01!7%0+' # 0'# &!73(!#

2'(('"+ 6&# &32l!70# 0'# 01!# ,+4+0&# %$$('5!)# 3 )!(#

<!70+' # _h^@_B@%B# '*# 01!# :'4$% +!&# S708# \^_f# % )#

0!4$'(%(/# ,'% &# '20%+ !)# *('4# 01!# :'4$% /b&#

T% ?!(&#+ #01!#'()+ %(/#7'3(&!#'*#23&+ !&&-#

#

N1!# T'%()# '*# ;+(!70'(&# (!7'44! )&# $%&&+ 6# '*# 01!#

<$!7+%,# J!&',30+' &# %0# >0!4# E'&-# h# % )# `# '*# 01!#

E'0+7!-#

#

E' !# '*# 01!# ;+(!70'(&# % )# 01!# .!/# D% %6!(+%,#

O!(&' !,#'*# 01!#:'4$% /8# + 7,3)+ 6# 01!+(# (!,%0+5!&8#

+&#+ #% /#"%/8#7' 7!( !)#'(#+ 0!(!&0!)8#*+ % 7+%,,/#'(#

'01!("+&!8#+ #01!#&%+)#(!&',30+' &-#

#

By Order of the Board

For Royal India Corporation Ltd.

Sd/!

Siddhi Patil

Company Secretary#

#

O,%7!#Y#D342%+#

;%0!#Y#_]01#S363&08#\^_]#


#

ANNUAL REPORT

2013!14

9

BRIEF RESUME OF DIRECTORS PROPOSED TO BE APPOINTED/RE!APPOINTED:

1. Damodar Hari Pai:

D(-# ;%4')%(# W%(+# O%+8# kk8# +&# %# E' 9FA!730+5!#

> )!$! )! 0#;+(!70'(# '*# 01!#:'4$% /-#W!# l'+ !)#

01!#T'%()#'*#;+(!70'(&#'*# 01!#:'4$% /#' #D%(71#

_`8# \^_^-# D(-# ;%4')%(# 1%&# %# 2(+,,+% 0# %7%)!4+7#

(!7'()# % )# 1',)&# %# D%&0!(m&# )!6(!!# + # F,!70(+7%,#

F 6+ !!(+ 6-#D(-#;%4')%(#W%(+#O%+8# *'(4!(#G+7!#9#

O(!&+)! 0# 9# K$!(%0+' &8# S&+% # :%2,!# :'($'(%0+' -#

S0#S&+% #:%2,!#:'($'(%0+' #1!#,''?!)#3$#7'4$,!0!#

'$!(%0+' # '*# 01!# *%70'(/# % )# %77'3 0%2,!# 0'# 01!#

71%+(4% #U#T'%()#'*#;+(!70'(&-#W!#%,&'#"'(?!)#+ #

(!$30!)# U# 2+6# '(6% +[%0+' # ,+?!# T1%(%0# W!%5/#

F,!70(+7%,&# U# :('4$0' # e(!%5!&# =0)-# %&# &! +'(#

F 6+ !!(#U#> #71%(6!#'*#J#U#;#;!$%(04! 0-##

#

W!#)'!&# '0#1',)#% /#&1%(!&#'*#01!#:'4$% /#+ #1+&#

%4!#%&#' #D%(71#f_8#\^_]-#

#

Outside Directorship & Committee

Membership:# W!# +&# !+01!(# %# ;+(!70'(# + # % /#

'01!(# 7'4$% /# '(# %# 4!42!(# + # 7'44+00!!&# '*#

'01!(#$32,+7#:'4$% /-#

#

2. Ravi Kant Chaturvedi:

#

D(-#J%5+#.% 0#:1%03(5!)+8# f]8# +&# %#E' 9FA!730+5!#

> )!$! )! 0# ;+(!70'(# '*# 01!# :'4$% /-# W!# "%&#

+ )370!)# ' # 01!# T'%()# '*# ;+(!70'(&# '*# '3(#

:'4$% /# ' # C!2(3%(/# `8# \^_\.# D(-# J%5+?% 0#

:1%03(5!)+# '20%+ !)# 1+&# )!6(!!# '*# D-T-T-<# *('4#

J%l! )(%# > &0+030!# '*# D!)+7%,# <7+! 7!8# J% 71+8#

n1%(?1% )-#

#

W!# )'!&# '0# 1',)# &1%(!&# '*# 01!# :'4$% /# + # 1+&#

%4!#%&#' #D%(71#f_8#\^_]-#

#


Membership:# W!# +&# !+01!(# %# ;+(!70'(# + # % /#

'01!(# 7'4$% /# '(# %# 4!42!(# + # 7'44+00!!&# '*#

'01!(#$32,+7#:'4$% /.

3. A.P. Dhurandhar:

#

D(-# ;13(% )1%(8# g_8# +&# %# E' 9FA!730+5!#

> )!$! )! 0# ;+(!70'(# '*# 01!# :'4$% /-# W!# "%&#

+ )370!)# ' # 01!# T'%()# '*# ;+(!70'(&# '*# '3(#

:'4$% /#' #C!2(3%(/#_f8#\^_f-#W!#+&#%#&!%&' !)#

$('*!&&+' %,# e!','6+&0# % )# FA$,'(%0+' # D% %6!(#

"+01# 4'(!# 01% # \k# /!%(&# '*# !A$!(+! 7!# + #

M(% +348# W!%5/# D+ !(%,# <% )8# JFF8# e!4#

:'(3 )348# e',)8# T%&!# 4!0%,&8# >(' 8# :'%,#

FA$,'(%0+' # U# FA$,'+0%0+' 8# J!&!%(71# U#

;!5!,'$4! 08#c3%,+0/#S&&3(% 7!#U#N!&0+ 6-#

#

W!# $'&&!&&# 1+61# ,!5!,# &?+,,&# + # ,!%)+ 6#

43,0+)+&7+$,+ %(/# + 0!6(%0!)# 4+ !(%,&# U# 4!0%,&#

!A$,'(%0+' # + 5',5+ 6# %,,# %&$!70&# '*# C+!,)#

e!','6/8# 6('3 )# 6!'$1/&+7&8# O1'0'# e!','6/8#

J!4'0!# <! &+ 68# e><8# . '",!)6!# D% %6!4! 08#

. '",!)6!# + 0!6(%0+' 8# )%0%2%&!# 4% %6!4! 08#

S+(2'( !#e%44%#J%/#<$!70('4!0(+7#U#D%6 !0+7#

<3(5!/&8# D3,0+9!,!4! 0%,# e!'71!4+7%,# <3(5!/&8#

J%)' # F4% '4!0(/8# !A$,'(%0'(/# )(+,,+ 68#

(!&'3(7!# !5%,3%0+' 8# <7'$+ 6# &03)+!&8# e!','6+7%,#

% )# N!71 +7%,# ;3!# )+,+6! 7!8# D+ + 6# &0%(093$&#

% )# 4+ + 6# U# 4+ !(%,# 2! !*+7+%0+' # $,% 0#

+ &0%,,%0+' # % )# 7'44+&&+' + 6# !07-# D(-#

;13(% )1%(# &377!&&*3,,/# 1% ),!)# 01!#

43,0+)+&7+$,+ %(/# + 0!6(%0!)# 3(% +34#

!A$,'(%0+' # *'(# <% )&0' !8# M 7' *'(4+0/#

(!,%0!)R0/$!8# >(' # KA+)!# T(!77+%# 0/$!# % )# G!+ #

N/$!8#<?%( #0/$!8#3 7' 5! 0+' %,#% )#!A0(!4!,/#

)+5!(&!# 0/$!# M(% +34# D+ !(%,+[%0+' 8# W!%5/#

4+ !(%,# &% )8# (%(!# 4!0%,&# U# (%(!# !%(01&#

!,!4! 0&8# e!4# :'(3 )34# % )# S,,35+%,8#

F$+01!(4%,8# c3%(0[# O!22,!# :' 6,'4!(%0!# @cO:B#

% )# :%(,/ # 0/$!# e',)# !A$,'(%0+' # U# 4+ + 6# + #

> )+%#% )#+ 0!( %0+' %,#,'7%0+' &-#W!#1%&#&!5!(%,#

(!&!%(71#$32,+7%0+' &# + #$!!(#(!5+!"!)# l'3( %,&#

+ # 01!# %(!%&# '*# !"# 0!71 ','6+!&# % )# !4!(6+ 6#

71%,,! 6!&-#

#

W!#+&#%#:1%+(4% #'*#E'4+ %0+' #U#J!43 !(%0+' #

:'44+00!!# % )# '*# :'($'(%0!# <'7+%,#

J!&$' &+2+,+0/#:'44+00!!#'*#'3(#:'4$% /-#

#

W!#)'!&# '0#1',)#% /#&1%(!&#'*# 01!#:'4$% /#%&#

' #D%(71#f_8#\^_]-#


Membership: W!# +&# !+01!(# %# ;+(!70'(# + # % /#

'01!(# 7'4$% /# '(#%#4!42!(# + # 7'44+00!!&# '*#

'01!(#$32,+7#:'4$% /-#

#

4. Ms. Manisha Anand:

D&-# D% +&1%# S % )8# \k8# +&# %# E' 9FA!730+5!#

> )!$! )! 0# ;+(!70'(# '*# 01!# :'4$% /-# <1!#

l'+ !)#01!#T'%()#'*#;+(!70'(&#'*#01!#:'4$% /#+ #


#

ANNUAL REPORT

2013!14

10

D%(71#f^8#\^__-##D&-#D% +&1%#S % )#+&#%#e(%)3%0!#

+ # :'44!(7!# *('4# D342%+# M +5!(&+0/8# 1%5+ 6# %#

X3%,+0/#'*#!A$!(+! 7!# + # 01!# *+!,)#'*#D% %6!4! 08#

S)4+ +&0(%0+' #% )#S77'3 0&-#

#

<1!# +&# 01!# :1%+(4% # '*# 01!# S3)+0# :'44+00!!# %&#

"!,,# %&# '*# 01!# <0%?!1',)!(&# J!,%0+' &1+$#

:'44+00!!#@<JB#'*#01!#:'4$% /-##

#

<1!#)'!&# '0# 1',)#% /# &1%(!&#'*# 01!#:'4$% /# + #

1!(# %4!#%&#' #D%(71#f_8#\^_]-#


Membership:# <1!# +&# !+01!(# %# ;+(!70'(# + # % /#

'01!(# 7'4$% /# '(# %# 4!42!(# + # 7'44+00!!&# '*#

'01!(#$32,+7#:'4$% /-#


#

ANNUAL REPORT

2013!14

11

DIRECTOR’S REPORT TO THE MEMBERS

N'8#

N1!#D!42!(&#'*8#

J'/%,#> )+%#:'($'(%0+' #=+4+0!)8#

#

#Q'3(# ;+(!70'(&# 1%5!# $,!%&3(!# + # $(!&! 0+ 6# 01!# f^01#

S 3%,#J!$'(0#0'6!01!(#"+01#01!#S3)+0!)#S77'3 0&#*'(#

01!#/!%(#! )!)#D%(71#f_8#\^_]-#

#

1. Financial Results:

N1!#:'4$% /b&#*+ % 7+%,#$!(*'(4% 7!8#*'(#01!#/!%(#

! )!)#D%(71#f_8#\^_]#+&#&344%(+&!)#2!,'"Y

S&&'7+%0+' 8# D(-# W+0!&1# n%+ # (!0+(!&# 2/# ('0%0+' #

% )#+&#!,+6+2,!#*'(#(!9%$$'+ 04! 0-#

#

> # ,+ !# "+01# 01!# $('5+&+' &# '*# <!70+' # _]`# % )#

'01!(# %$$,+7%2,!# $('5+&+' &# '*# 01!# :'4$% +!&#

S708# \^_f8# D(-# ;%4')%(# W%(+# O%+# @;+ # E'-#

^^_k\fk\B8# D(-# J%5+# .% 0# :1%03(5!)+# @;+ # E'-#

^g_`hh__B8# D(-# S&1'?%)+0/%# ;13(% )1%(# @;+ #

E'-#^ag^`^f_B#% )#D&-#D% +&1%#S % )#@;>E#E'-#

^f]`k`g^B#;+(!70'(&#'*# 01!#:'4$% /8#%(!#2!+ 6#

%$$'+ 0!)# %&# > )!$! )! 0# ;+(!70'(&# *'(# *+5!#

7' &!730+5!# /!%(&# *('4# f^01# <!$0!42!(8# \^_]#

3$#0'#\`01#<!$0!42!(8#\^_`-#

#

E!7!&&%(/# (!&',30+' &# *'(# 01!#

%$$'+ 04! 0R(!%$$'+ 04! 0# '*# 01!# %*'(!&%+)#

;+(!70'(&# 1%5!# 2!! # + 7,3)!)# + # 01!# '0+7!#

7' 5! + 6#01!#! &3+ 6#SeD#% )#(!X3+&+0!#)!0%+,&#

1%5!# 2!! # $('5+)!)# + # 01!# !A$,% %0'(/#

&0%0!4! 0#'*#01!# '0+7!-#Q'3(#)+(!70'(&#7'44! )#

01!+(#%$$'+ 04! 0&R(!%$$'+ 04! 0-#

#

S,,#01!#;+(!70'(&#'*#01!#:'4$% /#1%5!#7' *+(4!)#

01%0# 01!/# %(!# '0# )+&X3%,+*+!)# *('4# 2!+ 6#

%$$'+ 0!)# %&# ;+(!70'(&# + # 0!(4&# '*# <!70+' #

\k]@_B@6B# '*# 01!# :'4$% +!&# S708# _`ga# % )#

<!70+' #_a]@\B#'*#01!#:'4$% +!&#S708#\^_f-#

#

5. Directors’ Responsibility Statement:

# > # 0!(4&#'*# <!70+' #\_k@\SSB#'*# 01!#:'4$% +!&#

S708#_`ga8#/'3(#;+(!70'(&#&0%0!#01%0Y#

# #

_B > #01!#$(!$%(%0+' #'*#01!#% 3%,#%77'3 0&#*'(#01!#

*+ % 7+%,# /!%(# D%(71# f_8# \^_]8# 01!# %$$,+7%2,!#

%77'3 0+ 6# &0% )%()&# (!%)# "+01# (!X3+(!4! 0&#

&!0#'30#3 )!(#<71!)3,!#G>#0'#01!#:'4$% +!&#S708#

_`ga8# 1%5!# 2!! # *',,'"!)# % )# 01!(!# %(!# '#

4%0!(+%,#)!$%(03(!&#*('4#01!#&%4!o#

#

\B N1!# :'4$% /# 1%&# &!,!70!)# &371# %77'3 0+ 6#

$',+7+!&#% )#%$$,+!)#01!4#7' &+&0! 0,/#% )#4%)!#

l3)64! 0&# % )# !&0+4%0!&# 01%0# %(!# (!%&' %2,!#

% )#$(3)! 0#&'#%&#0'#6+5!#%#0(3!#% )#*%+(#5+!"#'*#

01!# &0%0!# '*# %**%+(&# '*# 01!# 7'4$% /# %&# ' # f_&0#

D%(71#\^_]#% )#'*#01!#O('*+0#U#='&&#S77'3 0#'*#

01!#7'4$% /#*'(#01!#/!%(#! )!)##' #01%0#)%0!-#

#

fB N1!# :'4$% /# 1%&# 0%?! # $('$!(# % )# &3**+7+! 0#

7%(!#*'(#01!#4%+ 0! % 7!#'*#%)!X3%0!#%77'3 0+ 6#

(!7'()&#+ #%77'()% 7!#"+01#01!#$('5+&+' &#'*#01!##

Particulars ` (In Lacs)

31.03.2014 31.03.2013

N'0%,#> 7'4!# _f8_a^-^]# __8^g_-aa#

O('*+0#2!*'(!#N%A# _g-af# g-\^#

O('5+&+' #'*#N%A# # #

9 :3((! 0#N%A# 9g-f`# _-k\#

9 ;!*!((!)#N%A# @^-ggB# @^-ggB#

9 O(!5+'3&#/!%(#%)l3&04! 0# ]-]f# 9#

O('*+0#%*0!(#N%A# _g-\f# ]-^f#

2. Turnovers & Profits:

N1!#;+(!70'(&#"+&1# 0'# + *'(4#/'3# 01%0#)3(+ 6# 01!#

*+ % 7+%,# /!%(# ! )!)# f_&0# D%(718# \^_]# 01!# &%,!&#

% )#'01!(#+ 7'4!#+ 7(!%&!)#*('4#`#__8^g_-aa#,%7&#

0'#`#_f8_a^-^]#,%7&-#N1!#E!0#$('*+0#%*0!(#0%A#&0'')#%0#

`#_g-\f# ,%7&#%&#%6%+ &0#`#]-^f# ,%7&# + # 01!#$(!5+'3&#

/!%(-###

#

3. Dividend:

N1!#;+(!70'(&#'*#/'3(#:'4$% /#)'# '0#(!7'44! )#

% /# )+5+)! )# *'(# 01!# *+ % 7+%,# /!%(# ! )!)# f_&0#

D%(718#\^_]#+ #'()!(#0'#$,'361#2%7?#01!#(!&'3(7!&#

*'(#*303(!#6('"01-#

#

4. Board of Directors:

;3(+ 6# 01!# /!%(# 3 )!(# (!5+!"8# 01!(!# 1%5!# 2!! #

71% 6!&# + # 01!# D% %6!4! 0# '*# 01!# :'4$% /# %&#

4! 0+' !)#2!,'"Y#

#

D(-# G+&1%,# e'1+,# <0!$$!)# )'" # %&# %# j1',!# N+4!#

;+(!70'(# '*# 01!# :'4$% /# "-!-*-# _g01# E'5!42!(8#

\^_f-# N1!# T'%()#"+&1!&# 0'# $,%7!# ' # (!7'()# 01!+(#

)!!$# &+ 7!(!# %$$(!7+%0+' # '*# 01!# +44! &!#

7' 0(+230+' #4%)!# 2/#D(-# G+&1%,# e'1+,# )3(+ 6# 1+&#

N! 3(!-##

#

> # %77'()% 7!#"+01# 01!# $('5+&+' &# '*# 01!# S70# % )#

01!#:'4$% /b&#:,%3&!#__`#'*#01!#S(0+7,!#'*#


#

ANNUAL REPORT

2013!14

12

:'4$% +!&# S70# _`ga# *'(# &%*!63%()+ 6# 01!# %&&!0&#

'*# 01!#7'4$% /#% )#*'(#$(!5! 0+ 6#% )#)!0!70+ 6#

*(%3)#% )#'01!(#+((!63,%(+0+!&-#

#

]B N1!&!# S77'3 0&# 1%5!# 2!! # $(!$%(!)# ' # %# 6'+ 6#

7' 7!( #2%&+&-#

#

6. Particulars of Employees:

E' !# '*# 01!# !4$,'/!!&# '*# 01!# :'4$% /# "%&# + #

(!7!+$0#'*# (!43 !(%0+' #3$# 0'#'(# + #!A7!&&#'*# 01!#

%4'3 0#$(!&7(+2!)#3 )!(#<!70+' #\_k#@\SB#'*#01!#

:'4$% +!&# S708# _`ga# (!%)# "+01# :'4$% +!&#

@O%(0+73,%(&# '*# F4$,'/!!&B# J3,!&8# \^__# *'(# 01!#

/!%(#! )!)#f_&0#D%(718#\^_]-#

#

7. Fixed Deposits:

Q'3(# :'4$% /# 1%&# '0# %77!$0!)# % /# $32,+7#

)!$'&+0&# % )# %&# &371# '# %4'3 0# ' # %77'3 0# '*#

$(+ 7+$%,# '(# + 0!(!&0# ' # $32,+7# )!$'&+0&# 3 )!(#

<!70+' # ghS# % )# <!70+' # ghSS# '*# 01!# :'4$% +!&#

S708# _`ga8# (!%)# "+01# :'4$% +!&# @S77!$0% 7!# '*#

;!$'&+0&B#J3,!&8#_`kg8#"%&#'30&0% )+ 6#%&#' #01!#

)%0!#'*#01!#T%,% 7!#<1!!0-#

#

8. Listing of Shares:

N1!#FX3+0/#<1%(!&#'*#01!#:'4$% /#7' 0+ 3!&#0'#2!#

,+&0!)#' #T'42%/#<0'7?#FA71% 6!#=+4+0!)-##

#

9. Management Discussion and Analysis Report:

D% %6!4! 0#;+&73&&+' #% )#S %,/&+&#*'(#01!#/!%(#

3 )!(#(!5+!"#%&#(!X3+(!)#3 )!(#:,%3&!#]`#'*# 01!#

=+&0+ 6#S6(!!4! 0#! 0!(!)#"+01#<0'7?#FA71% 6!&#

+&# 6+5! # %&# %# &!$%(%0!# &0%0!4! 0# + # 01!# S 3%,#

J!$'(0-#

#

10. Corporate Governance:

N1!# :'4$% /# +&# 7'44+00!)# 0'# 4%+ 0%+ # 01!#

1+61!&0# &0% )%()&# '*# 7'($'(%0!# 6'5!( % 7!# % )#

%)1!(!#0'#01!#7'($'(%0!#6'5!( % 7!#(!X3+(!4! 0&#

&!0# '30# 2/# <FT>-# N1!# (!$'(0# ' # :'($'(%0!#

e'5!( % 7!#%&# &0+$3,%0!)#3 )!(#:,%3&!#]`# '*# 01!#

=+&0+ 6# S6(!!4! 0# *'(4&# $%(0# '*# 01!# S 3%,#

J!$'(0-#

#

N1!#(!X3+&+0!#7!(0+*+7%0!# *('4#01!#S3)+0'(&#'*# 01!#

:'4$% /# 7' *+(4+ 6# 7'4$,+% 7!&# "+01# 01!#

7' )+0+' &#'*# 7'($'(%0!# 6'5!( % 7!#%&# &0+$3,%0!)#

3 )!(# 01!# %*'(!&%+)# :,%3&!# ]`# +&# %00%71!)# 0'# 01!#

J!$'(0#' #:'($'(%0!#e'5!( % 7!-#

#

11. Auditors:

DR&-#;D.W#U#:'-8#:1%(0!(!)#S77'3 0% 0&8#(!0+(!#

%&#01!#S3)+0'(&#%0# 01!#7' 7,3&+' #'*# 01!#! &3+ 6#

S 3%,#e! !(%,#D!!0+ 6#% )#2!+ 6#!,+6+2,!8#'**!(#

01!4&!,5!&#*'(#(!9%$$'+ 04! 0-#

#

DR&-# ;D.W#U# :'-8# :1%(0!(!)# S77'3 0% 0&# 1%5!#

7' *+(4!)# 01%0# 01!+(# (!9# %$$'+ 04! 08# +*# 4%)!#

"'3,)# 2!# + # %77'()% 7!# "+01# 01!# $('5+&+' &# '*#

01!# :'4$% +!&# S708# \^_f# % )# 01%0# 01!/# %(!# '0#

)+&X3%,+*+!)#*'(#(!9#%$$'+ 04! 0-#

#

N1!# T'%()# 1%&# (!7'44! )!)# 01!+(# (!9

%$$'+ 04! 0# % )# 01!/#"+,,# 1',)# 01!# '**+7!# *('4#

01!# 7' 7,3&+' # '*# 01+&# S 3%,# e! !(%,# D!!0+ 6#

3 0+,# 01!# 7' 7,3&+' # '*# !A0# S 3%,# e! !(%,#

D!!0+ 6-#

#

Auditors ReportY#S3)+0'(&#J!$'(0# %&# +&&3!)#2/#

DR&-#;D.W#U#:'-8#:1%(0!(!)#S77'3 0% 0&# +&#&!,*#

!A$,% %0'(/# % )# !!)# '0# 7%,,&# *'(# % /#

!A$,% %0+' #2/#/'3(#T'%()-##

##

12. Conservation of Energy, Technology

Absorption & Foreign Exchange Earnings &

Outgo:

O%(0+73,%(&# "+01# (!&$!70# 0'# 7' &!(5%0+' # '*#

F !(6/8# N!71 ','6/# S2&'($0+' # % )# C'(!+6 #

FA71% 6!#U#K306'# $3(&3% 0# <!70+' # \k_# @+B# @!B#

(!%)#"+01# :'4$% +!&# @;+&7,'&3(!# '*# O%(0+73,%(&#

+ # 01!# (!$'(0# '*# 01!# T'%()# '*# ;+(!70'(&B# J3,!&8#

_`ha8#% )#$%(0+73,%(&#'*#!4$,'/!!&#$3(&3% 0# 0'#

<!70+' # \k_# @\SB# (!%)# "+01# :'4$% +!&#

@O%(0+73,%(&# '*# F4$,'/!!&B# J3,!&8# _`kg# '*# 01!#

:'4$% +!&#S708#_`ga#+&#&!0#'30#1!(!3 )!(Y#

#

Sr.

No. Particulars Disclosure

_-#

:' 5!(&%0+' #'*#F !(6/#% )#O'"!(#

:' &34$0+' #

Q'3(# :'4$% /# 1%&# 7' 0+ 3!)# 0'#%77'()#$(+'(+0/# 0'#:' &!(5%0+' #'*#F !(6/#% )#+&#7' 0+ 3+ 6#+0&#!**'(0&#0'#30+,+[!#F !(6/#4'(!#!**+7+! 0,/-#

\-#

N!71 ','6/#S2&'($0+' #% )#J!&!%(71#

U#;!5!,'$4! 0#

Q'3(# :'4$% /# 1%&# '0# %2&'(2!)#'(# >4$'(0!)# % /# N!71 ','6/# % )# '# (!&!%(71# U# )!5!,'$4! 0# "'(?#+&#7%((+!)#'30-#

f-#C'(!+6 #FA71% 6!#

F%( + 6&#FA$'(0&#

'*#6'')&#

M<p#_g^ka^-]\#

`

kf_8^^a8_^_#

K306'# E+,# E+,##


#

ANNUAL REPORT

2013!14

13

13. Green Initiatives:

S&# $%(0# '*# 01!# e(!! # > +0+%0+5!# + # :'($'(%0!#

e'5!( % 7!8# 01!# D+ +&0(/# '*# :'($'(%0!# S**%+(&#

@LD:SPB8# e'5!( 4! 0# '*# > )+%8# 01('361# +0&#

:+(73,%(#E'&-#_kR\^__#% )#_hR\^__8#)%0!)#S$(+,#

\_8# \^__# % )# S$(+,# \`8# \^__# (!&$!70+5!,/8# 1%&#

%,,'"!)# 7'4$% +!&# 0'# &! )# '**+7+%,# )'734! 0&#

01('361#!,!70(' +7#4')!-#

F,!70(' +7# 7'$+!&# '*# 01!# S 3%,# J!$'(0# % )#

E'0+7!# '*# 01!# f^01# S 3%,# e! !(%,# D!!0+ 6# %(!#

&! 0# 0'# %,,#4!42!(&#"1'&!#!4%+,# %))(!&&!&#%(!#

(!6+&0!(!)# "+01# 01!# :'4$% /R;!$'&+0'(/#

O%(0+7+$% 0@&B# *'(# 7'443 +7%0+' # $3($'&!&-# C'(#

4!42!(&# "1'# 1%5!# '0# (!6+&0!(!)# 01!+(# !4%+,#

%))(!&&!&8# $1/&+7%,# 7'$+!&# '*# 01!# E'0+7!# % )#

S 3%,# J!$'(0# %(!# &! 0# + # 01!# $!(4+00!)#4')!-#

D!42!(&# (!X3+(+ 6# $1/&+7%,# 7'$+!&# 7% # &! )# %#

(!X3!&0#0'#01!#:'4$% /-#

14. E!voting:

> # 7'4$,+% 7!# "+01# 01!# <!70+' # _^h# '*# 01!#

:'4$% +!&# S708# \^_f# % )# J3,!# \^# '*# 01!#

:'4$% +!&# @D% %6!4! 0# % )# S)4+ +&0(%0+' B#

J3,!8# \^_]8# /'3(# 7'4$% /# +&# $,!%&!)# 0'# $('5+)!#

4!42!(&#*%7+,+0/#0'#!A!(7+&!#01!+(#(+610#0'#5'0!#%0#

01!# f^01# S 3%,# e! !(%,# D!!0+ 6# @SeDB# 2/#

!,!70(' +7# 4!% &# % )# 01!# 23&+ !&&# 4%/# 2!#

0(% &%70!)#01('361#!95'0+ 6#&!(5+7!&#$('5+)!)#2/#

:! 0(%,#;!$'&+0'(/#<!(5+7!&#@> )+%B#=+4+0!)-#@N1!#

+ &0(370+' &#*'(#4!42!(&#*'(#!95'0+ 6#+&#$('5+)!)#

+ #01!# '0!&#0'#E'0+7!#'*#01!#SeDB-#

15. Board Committees:

> #7'4$,+% 7!#"+01#2'01#01!#4% )%0'(/#% )# ' #4% )%0'(/# (!X3+(!4! 0&# 3 )!(# 01!# =+&0+ 6#S6(!!4! 0&# % )# 01!# %$$,+7%2,!# ,%"&8# 01!# T'%()#1%&#4%+ 0%+ !)#01!#*',,'"+ 6#:'44+00!!&Y#+B S3)+0#:'44+00!!#++B E'4+ %0+' #U#J!43 !(%0+' #:'44+00!!#+++B<0%?!1',)!(&#J!,%0+' &1+$#:'44+00!!#+5B:'($'(%0!#<'7+%,#J!&$' &+2+,+0/#:'44+00!!#

16. Acknowledgements:

Q'3(#;+(!70'(&#01% ?&#01!#4!42!(&#*'(#01!+(#7'9

'$!(%0+' 8# &3$$'(0# % )# %,&'#"+&1# 0'# (!7'()# 01!#

%$$(!7+%0+' #*'(#01!#&!(5+7!&#% )#&+ 7!(!#!**'(0&#

'*# 01!#F4$,'/!!&8#T% ?!(&8#J!6+&0(%(# % )# <1%(!#

N(% &*!(#S6! 0&#'*#01!#:'4$% /-##

#

For and on behalf of the Board of Directors

#

<)R9## # # <)R9#

Hitesh M. Jain Manish Shah

Whole Time Director Managing Director

@;>E#E'-#^g\af_\^B# @;>E#E'-#^_`gfkk\B#

#

O,%7!#Y#D342%+#

;%0!#Y#_]01#S363&08#\^_]-#


#

ANNUAL REPORT

2013!14

14

MANAGEMENT DISCUSSION & ANALYSIS REPORT

A. INDIAN ECONOMIC SCENARIO:

#

N1!#C+ % 7+%,#Q!%(#\^_f9_]#3 )!(#(!5+!"#"%&#!A+6! 0#

+ # 4% /# (!&$!70&# *'(# 23&+ !&&-# N1!# 6,'2%,# !7' '4/#

7' 0+ 3!)#0'#"+0 !&&#&,'"!(#!7' '4+7#6('"01#)!&$+0!#

4')!&0# (!7'5!(/# + # 01!# M<# ,!)# 2/# 1'3&+ 6# % )#

7' &34!(# &!70'(&-# N1!#!7' '4+!&#'*# > )+%# % )#:1+ %#

"!(!# *'(7!)# 0'# 0+610! # ,+X3+)+0/# 0'# 7' 0(',# + *,%0+' 8#

(!&3,0+ 6# + # %# )!4% )# &,'"9)'" -# N1!#e,'2%,# !5! 0&#

%,&'#1%)#%#)%4$! + 6#+4$%70#' #01!#> )+% #!7' '4/#9#

)!7!,!(%0+' # + # + )3&0(+%,# '30$30# % )# ,'"!(# !A$'(0&#

"!%?! !)# > )+%b&#!7' '4+7#6('"01#"+01#' ,/#%#]-gq#

e;O#6('"01#)3(+ 6#01!#/!%(#\^_f9_]-#

#

;3(+ 6# 01!# /!%(# 6'5!( 4! 0# + 7(!%&!)# 01!# 73&0'4&#

)30/#*('4#a#0'#_^q#"+01#4% )%0!#0'#(!)37!#+4$'(0#'*#

6',)-#C3(01!(8#+ #'()!(#0'#71!7?#01!#+ 7(!%&+ 6#73((! 0#

%77'3 0# )!*+7+0# @:S;B# 01!# 6'5!( 4! 0# + 0(')37!)#

5%(+'3&# (!&0(+70+' &# *'(# +4$'(0# '*# 6',)-# > # ,+ !# "+01#

01+&8# J!&!(5!# T% ?# '*# > )+%# @JT>B# 4%)!# )(%&0+7#

71% 6!&# + # 0'# 01!# !A+&0+ 6# e',)# >4$'(0# C+ % 7+ 6#

O',+7/-# :' &+6 4! 0# 2%&+&# +4$'(0# '*# 6',)# 2/# 01!#

'4+ %0!)# %6! 7+!&# *'(# &3$$,/# 0'# $(!7+'3&# 4!0%,#

)!%,!(&#"%&# &0'$$!)-# C3(01!(8#JT># %)5+&!)# 01!#T% ?&#

0'#'20%+ #_^^q#4%(6+ #*('4#6',)#23/!(&#*'(#6',)#,'% -#

D'&0# +4$'(0% 0# 7,%3&!#"1+71# 1%)# %)5!(&!# +4$%70# ' #

6',)# +4$'(0# 01%0# 01!# +4$'(0!(&#'*#6',)#"!(!#%&?!)#0'#

!A$'(0# 6',)# l!"!,,!(/# !X3%,# 0'# \^q# '*# 6',)# +4$'(0-#

T!7%3&!# '*# 01!# %2'5!# +4$'&!)# (!&0(+70+' &# 2/# 01!#

> )+% # e'5!( 4! 0# "+01# %+4# 0'# 73(0%+,# 6',)# +4$'(08#

$(!7+'3&#4!0%,#23&+ !&&#%**!70!)#0'#% #!A0! 0#% )#01!#

l!"!,,!(/# !A$'(0# %,&'# &3**!(!)# &!0# 2%7?-# C3(01!(8# 01!#

(!&0(+70+' &#7%3&!)#&1'(0%6!#+ #%5%+,%2+,+0/#'*#$1/&+7%,#

6',)#(!&3,0+ 6#+ #1+61!(#$(!4+34-#

#

Segment Information:

Bullions & Diamonds

Indian Gems And Jewellery Industry

#

N1!# n!"!,,!(/# 4%(?!0# +&# ' !# '*# 01!# *%&0!&0# 6('"+ 6#

&!64! 0&#+ #01!#> )+%#F7' '4/#"+01#% #% 3%,#6('"01#

(%0!# '*# _gq#%$$('A+4%0!,/-# N1!# + )3&0(/# 1%&# &0%(0!)#

&1'"+ 6# $'&+0+5!# &+6 &# '*# (!5+5%,# % )# 6('"01-# >0# +&#

!A$!70!)# 01%08# 01!# > )+%b&# e!4&#U# n!"!,,!(/# + )3&0(/#

0'#0'371#4'(!#01% #M<#p_]^#2 #2/#\^_g-#N1!#+ )3&0(/#

+&#,!%)+ 6#*'(!+6 #!A71% 6!#!%( !(#*'(#01!#7'3 0(/-##

Industry at a Glance:

#

> )+%# +&# 01!# ' !# '*# 01!#j'(,)b&# ,%(6!&0# 7' &34!(# '*#

e',)#U#<+,5!(# n!"!,,!(/-# > # > )+%8# 6',)# l!"!,,!(/# +&#%#

&0'(!#'*# 5%,3!8# %# &/42',# '*#"!%,01# % )# &0%03&# % )# %#

*3 )%4! 0%,#$%(0#'*#4% /#(+03%,&-#> #01!#,%&0#)!7%)!8#

kg# $!(# 7! 0# '*#6',)# )!4% )# + # > )+%#1%&# 0%?! # 01!#

*'(4#'*#l!"!,,!(/-#N1!(!#%(!#4'(!#01% #'5!(#_^^8^^^#

n!"!,,!(/#D% 3*%703(+ 6#3 +0&8#%2'30#a8^^^#)+%4' )#

$('7!&&+ 6# 3 +0&8# % )# ]g^8^^^# 6',)&4+01&#

01('361'30# > )+%-# Q!%(# ' # /!%(# > )+% # l!"!,,!(/# +&#

+ 7(!%&+ 6# +0&# 4%(?!0# &1%(!# % )# $(!&! 7!# %7('&&#

"'(,)-##

#

Opportunities:

#

N1!# e'5!( 4! 0b&# $!(4+&&+' # *'(# )+(!70# +4$'(0# '*#

e',)#)'(!#T%(&#2/#01!#%703%,#3&!(#*'(#01!#$3($'&!#'*#

(!*+ + 6# % )# 4% 3*%703(+ 6# '*# e',)# T%(&# '*# $3(+0/#

``-gq#% )#%2'5!#1%&#'**!(!)#% #'$$'(03 +0/-##

#

RBI’s 80:20 rule for import of gold dore# r# 3 )!(#

01+&#\^q#'*#01!#X3% 0+0/#+4$'(0!)#+&#0'#2!#!A$'(0!)-#

N1!# 7'4$% /#"+,,# ,!5!(%6!# % )# + 7(!%&!# +0&# !A$'(0&#

01('361#!&0%2,+&1!)#73&0'4!(#2%&!-#

#

Threats:

#

N1!# /!%(# "+0 !&&!)#4'(!# (!&0(+70+' &# ' # +4$'(0# '*#

6',)#% )#+0&#%)5!(&!#!**!70#' #01!#4%(?!0-#:1% 6!&#+ #

)30/# !**!70# 01!# '5!(%,,# &%,!&-# :1% 6!&# + # 01!# )30/#

&0(3703(!8#(!&0(+70+' &#' #+4$'(0#'*#6',)#% )#+ 7(!%&!#

+ # $(+7!# '*# 6',)# )'# 1%5!# !6%0+5!# +4$%70# ' # &%,!&-#

W'"!5!(8# &,'",/# U# 6(%)3%,,/# 01!# &! 0+4! 0&# '*# 01!#

4%(?!0#6!0&#&!00,!)#)'" #% )#01!#&%,!&#%77!,!(%0!-#

#

B. OUTLOOK:

Internal Control System:

<3&0%+ %2+,+0/# 7'4!&# "+01# %# ,' 6# 0!(4&# 5+&+' # % )#

*'73&-#> 5',5!4! 0#+ #)+5!(&!#%70+5+0+!&#%7('&&#&!5!(%,#

+ )3&0(+!&# ! %2,!&# 01!# :'4$% +!&# 0'# 0%$# '$$'(03 +0/#

0'# )+5!(&+*/# 23&+ !&&8# (!)37!# (+&?&# % )# + 7(!%&!#

(!5! 3!&-##

N1!#:'4$% /#7' 0+ 3!&#0'#!A$,'(!#01!#$'&&+2+,+0+!&#'*#

!A$% &+' # + # +0&# %70+5+0+!&# % )# %77'()+ 6,/# :'4$% /#

$,% &# 0'# ! 0!(# + 0'# (!*+ !(/# % )#e',)#;'(!#T%(8# e',)#

T%(#% )#'01!(#e',)#O(')370&-#


#

ANNUAL REPORT

2013!14

15

C. RISKS AND CONCERNS

#

T!+ 6#+ #01!#*+,,!)#0'#)+**!(! 0#%70+5+0/8#7'4$% /#1%&#+0&#

'" # 0/$+7%,# (+&?&# % )# 01!# 7'4$% /# 0%?!&# *3,,#

7'6 +[% 7!# '*# 01!# *%70# 01%0# 01!&!# (+&?&# 7% # 1%5!# %#

&!(+'3&# +4$%70# ' # 01!# '$!(%0+' # '*# 01!# 7'4$% /# %&#

"!,,# %&# +0&# $('*+0%2+,+0/-# > # '()!(# 0'# ! &3(!# 01%0# 01!#

+4$%70# '*# (+&?&# +&#4+ +4%,8# 01!# 7'4$% /# ,%/&# 304'&0#

+4$'(0% 7!# ' # &7% + 6# 01!# !A0!( %,# ! 5+(' 4! 0#

(!63,%(,/-##

#

D. INTERNAL CONTROL SYSTEM AND THEIR

ADEQUACY

#

N1!# :'4$% /# 1%&# $('$!(# % )# %)!X3%0!# + 0!( %,#

7' 0(',# &/&0!4&# 0'# ! &3(!# 01%0# %,,# 01!# %&&!0&# %(!#

&%*!63%()!)# % )# 01%0# %,,# 0(% &%70+' &# %(!# %301'(+[!)#

(!7'()!)# % )# (!$'(0!)# 7'((!70,/-# > 0!( %,# %3)+0&# % )#

71!7?&# %(!# 7%((+!)# '30# 0'# ! &3(!# 01%0# 01!#

(!&$' &+2+,+0+!&# %(!# !A!730!)# !**!70+5!,/# % )# 01%0# 01!#

&/&0!4&# %(!# %)!X3%0!-# N1!# S3)+0# 7'44+00!!# '*# 01!#

7'4$% /# '5!(5+!"&# 01!# + 0!( %,# %3)+0# *3 70+' # % )#

01!#+ 0!( %,#7' 0(',#&/&0!4&#% )#$('7!)3(!#0'#! &3(!#

01!# !**+7+! 0# 7' )370# '*# 23&+ !&&-# # N1!# 7'4$% /#

4%+ 0%+ &#%)!X3%0!#+ 0!( %,#7' 0(',#&/&0!4&8#"1+71#+&#

)!&+6 !)#0'#$('5+)!#%&&3(% 7!#(!6%()+ 6#!**!70+5! !&&#

% )# !**+7+! 7/# '*# '$!(%0+' &8# 01!# %)!X3%7/# '*#

&%*!63%()&# '*# %&&!0&8# (!,+%2+,+0/# '*# *+ % 7+%,&# 7' 0(',&#

% )#7'4$,+% 7!#"+01#%$$,+7%2,!#,%"&#% )#(!63,%0+' &-#

#

E. CAUTIONARY STATEMENT

#

N1!# &0%0!4! 0&# 4%)!# + # 01+&# (!$'(0# )!&7(+2!# 01!#

:'4$% /b&# '2l!70+5!&# % )# $('l!70+' &# 01%0# 4%/# 2!#

*'("%()# ,''?+ 6# &0%0!4! 0&# "+01+ # 01!# 4!% + 6# '*#

%$$,+7%2,!# ,%"&# % )# (!63,%0+' &-# N1!# %703%,# (!&3,0#

4+610# )+**!(# 4%0!(+%,,/# *('4# 01'&!# !A$(!&&!)# '(#

+4$,+!)# )!$! )+ 6# ' # 01!# !7' '4+7# 7' )+0+' &8#

6'5!( 4! 0# $',+7+!&# % )# '01!(# + 7+)! 0%,# *%70'(&#

"1+71# %(!# 2!/' )# 01!# 7' 0(',# '*# 01!# 7'4$% /-# N1!#

7'4$% /# +&# '0# 3 )!(# % /# '2,+6%0+' # 0'# $32,+7,/#

%4! )8# 4')+*/# '(# (!5+&!# % /# *'("%()# ,''?+ 6#

&0%0!4! 0&# ' # 01!# 2%&+&# '*# % /# &32&!X3! 0#

)!5!,'$4! 0&8#+ *'(4%0+' #'(#!5! 0&-#

#

F. HUMAN RESOURCE DEVELOPMENT

#

N1!#:'4$% /#2!,+!5!&# 01%0# 01!#134% # (!&'3(7!&# %(!#

5+0%,# (!&'3(7!# + # 6+5+ 6# 01!# 7'4$% /# %# 7'4$!0+0+5!#

!)6!# + # 01!# 73((! 0# 23&+ !&&# ! 5+(' 4! 0-# N1!#

7'4$% /b&# $1+,'&'$1/# +&# 0'# $('5+)!# 7' 6! +%,# "'(?#

! 5+(' 4! 08# $!(*'(4% 7!# '(+! 0!)# "'(?# 73,03(!8#

? '",!)6!#%7X3+&+0+' R)+&&!4+ %0+' 8#7(!%0+5+0/#% )#

(!&$' &+2+,+0/-# S&# + # 01!# $%&08# 01!# 7'4$% /# ! l'/!)#

7'()+%,#(!,%0+' &#"+01#01!#!4$,'/!!&#%0#%,,#,!5!,&-#

#

#

#


#

ANNUAL REPORT

2013!14

16

REPORT ON CORPORATE GOVERNANCE

#

1. Company’s philosophy on code of governance:

#######

N1!#:'4$% /#2!,+!5!&#+ #%)'$0+ 6#2!&0#$(%70+7!&#+ #01!#%(!%#'*#:'($'(%0!#e'5!( % 7!#% )#*',,'"&#01!#$(+ 7+$,!&#'*#

7'4$,!0!# 0(% &$%(! 7/# % )# %77'3 0%2+,+0/# 2/# $('5+)+ 6# )!0%+,!)# + *'(4%0+' # ' # 5%(+'3&# +&&3!&# 7' 7!( + 6# 01!#

:'4$% /b&#23&+ !&&#% )#*+ % 7+%,#$!(*'(4% 7!#0'#+0&#<1%(!1',)!(&-##

#

N1!#T'%()#'*#;+(!70'(&#@T'%()B#7' &+)!(&#+0&!,*#%&#01!#0(3&0!!#'*#+0&#&1%(!1',)!(&-#;3(+ 6#01!#/!%(#3 )!(#(!5+!"8#

01!# T'%()# 7' 0+ 3!)# +0&# $3(&3+0# 2/# %)'$0+ 6# 7'($'(%0!# &0(%0!6+!&# % )# $(3)! 0# 23&+ !&&# $,% &-# N1!# :'4$% /#

*',,'"!)#%)!X3%0!#4' +0'(+ 6#&/&0!4#0'#&%*!63%()#%6%+ &0#4%l'(# (+&?#% )#0'#! &3(!# +4$,!4! 0%0+' #'*#$',+7+!&#

% )#$('7!)3(!&#0'#&%0+&*/#+0&#&'7+%,8#,!6%,#% )#!01+7%,#(!&$' &+2+,+0+!&-#

#

2. Board of Directors:

# #

S&# ' # D%(71# f_8# \^_]# 01!# T'%()# '*# ;+(!70'(&# '*# 01!# :'4$% /# 7'4$(+&!&# '*# <+A# ;+(!70'(&# + 7,3)+ 6# 01!# K !#

D% %6+ 6#;+(!70'(8#K !#j1',!#N+4!#;+(!70'(&#% )#C'3(#E' 9FA!730+5!#U#> )!$! )! 0#;+(!70'(&-#N1!#7'4$'&+0+' #

'*#01!#:'4$% /b&#T'%()#'*#;+(!70'(&#+&#+ #7' *'(4+0/#"+01#01!#=+&0+ 6#S6(!!4! 0-#N1!#:'4$% /#)'!&# '0#1%5!#% /#

'4+ !!#)+(!70'(#' #+0&#T'%()-##

#

N1!#7'4$'&+0+' #'*#01!#T'%()#'*#;+(!70'(&#% )#'01!(#(!,!5% 0#)!0%+,&#(!,%0+ 6#0'#01!4#%(!#6+5! #1!(!3 )!(Y#

#

Sr.

No. Name of Directors Category

No. of

other

Directorships

##

No. of

Members of

other Board

Comm.

No. of other

Committees

Chairmanships

_# D(-#D% +&1#<1%1# D% %6+ 6#;+(!70'( _ 9 9

\# D(-#W+0!&1#n%+ #j1',!#N+4!

;+(!70'(#\# 9# 9#

f# sD(-#G+&1%,#e'1+,#j1',!#N+4!

;+(!70'(#9# 9# 9#

]# D(-#;%4')%(#W%(+#O%+#E' #FA!730+5!

U#> )!$! )! 0#9# 9# 9#

g# D&-#D% +&1%#S % )#E' #FA!730+5!

U#> )!$! )! 0#9# 9# 9#

a# D(-#J%5+?% 0#:1%03(5!)+#E' #FA!730+5!

U#> )!$! )! 0#9# 9# 9#

k# D(-#S&1'?%)+0/%#;13(% )1%(#E' #FA!730+5!

U#> )!$! )! 0#9# 9# 9#

*Resigned from Directorship w.e.f. 15.11.2013.

##Including Private Limited Company’s Directorship.

Board Meetings and Attendance of Directors

#

N1!#T'%()#4!!0&#%0#,!%&0#' 7!#+ #%#X3%(0!(#0'#7' &+)!(#%4' 6&0#'01!(#23&+ !&&#01!#$!(*'(4% 7!#'*#01!#:'4$% /#

% )#X3%(0!(,/#*+ % 7+%,#(!&3,0&-#j1! # !7!&&%(/8#%))+0+' %,#4!!0+ 6&#%(!#1!,)-#N1!#T'%()#D!!0+ 6&#%(!#6! !(%,,/#

1!,)#%0#01!#J!6+&0!(!)#K**+7!#'*#01!#:'4$% /#%0#D342%+-#S6! )%# *'(#!%71#4!!0+ 6#%,' 6#"+01#!A$,% %0'(/# '0!&#

%(!#)(%*0!)#% )#)+&0(+230!)#"!,,#+ #%)5% 7!#0'#01!#;+(!70'(&-#F5!(/#T'%()#D!42!(#+&#*(!!#0'#&366!&0#01!#+ 7,3&+' #

'*#+0!4&#' #01!#%6! )%-##

#


#

ANNUAL REPORT

2013!14

17

N1!(!#"!(!#C+5!#@gB#T'%()#D!!0+ 6&#1!,)#)3(+ 6#01!#/!%(#! )!)#f_&0#D%(718#\^_]#+-!-#' #\`01#D%/8#\^_f8#^_&0#n3,/8#

\^_f8# _]01#S363&08# \^_f8#_g01#E'5!42!(8#\^_f8# ^k01# C!2(3%(/8#\^_]-#N1!#N%2,!#1!(!3 )!(#6+5!&# 01!#%00! )% 7!#

(!7'()#'*#01!#;+(!70'(&#%0#01!#T'%()#D!!0+ 6&#1!,)#)3(+ 6#\^_f9_]#% )#01!#,%&0#SeDY#

#####

Name of the Directors

Number of Board

Meetings held during

the year

Number of Board

Meetings attended

Whether attended last

AGM

D(-#D% +&1#<1%1# g \ E'

D(-#W+0!&1#n%+ # g g Q!&

sD(-#G+&1%,#e'1+,# g f Q!&

D&-#D% +&1%#S % )# g g Q!&

D(-#J%5+?% 0#:1%03(5!)+# g \ E'

D(-#S&1'?%)+0/%#;13(% )1%(# g ] E'

D(-#;%4')%(#W%(+#O%+# g \ E'

* Resigned as Whole Time Director w.e.f. 15.11.2013

#

3.# Audit Committee

N1!#:'44+00!!b&#7'4$'&+0+' #4!!0&#"+01#(!X3+(!4! 0&#'*#<!70+' #_kk#'*#01!#:'4$% +!&#S708#\^_f#% )#:,%3&!#]`#

'*#01!#=+&0+ 6#S6(!!4! 0-#N1!#:'44+00!!#7'4$(+&!&#'*#4!42!(&#"1'#$'&&!&&#*+ % 7+%,#% )#%77'3 0+ 6#!A$!(0+&!R#

!A$'&3(!-#N1!#&0%030'(/#%3)+0'(&#%00! )#S3)+0#:'44+00!!#4!!0+ 6#%&#> 5+0!!&-#

#

Composition of the Audit Committee

#

N1!#7'4$'&+0+' #'*#01!#S3)+0#:'44+00!!#%&#' #)%0!#'*#01+&#(!$'(0#+&#%&#*',,'"&Y#

#

D&-#D% +&1%#S % )# :1%+($!(&' 8#> )!$! )! 0#U#E' 9#FA!730+5!##

D(-#;%4')%(#W%(+#O%(+# D!42!(8#> )!$! )! 0#U#E' #FA!730+5!#

D(-#W+0!&1#n%+ # D!42!(8#j1',!#N+4!#;+(!70'(

#

N1!#S3)+0#:'44+00!!#'*#01!#T'%()#'*#;+(!70'(&#*3 70+' &#"+01#01!#*',,'"+ 6#4%+ #'2l!70+5!&Y##

_- N'#$('5+)!#)+(!70+' #% )#0'#'5!(&!!#01!#'$!(%0+' #'*#01!#%3)+0#*3 70+' -#

\- N'#(!5+!"#01!#+ 0!( %,#%3)+0#&/&0!4#"+01#&$!7+%,#!4$1%&+&#' #+0&#X3%,+0/#% )#!**!70+5! !&&-#

f- N'#)+&73&&#4%00!(&#(!,%0!)#0'#*(%3)-#

]- K5!(&+610#'*#01!#:'4$% /b&#*+ % 7+%,#(!$'(0+ 6#$('7!&&#% )#01!#)+&7,'&3(!#'*#+0&#*+ % 7+%,#+ *'(4%0+' #0'#

! &3(!#01%0#01!#*+ % 7+%,#&0%0!4! 0#+&#7'((!708#&3**+7+! 0#% )#7(!)+2,!-#

g- J!7'44! )%0+' # *'(# %$$'+ 04! 08# (!9%$$'+ 04! 08# % )# +*# (!X3+(!)8# 01!# (!$,%7!4! 0# '(# (!4'5%,# '*#

<0%030'(/#S3)+0'(&#% )#0'#*+A#01!+(#S3)+0#*!!&-#

a- S$$('5%,#'*#$%/4! 0#0'#<0%030'(/#S3)+0'(&#*'(#% /#'01!(#&!(5+7!&#(! )!(!)#2/#01!#&0%030'(/#%3)+0'(&-#

k- J!5+!"+ 68#"+01# 01!#4% %6!4! 08# 01!# % 3%,# *+ % 7+%,# &0%0!4! 0&# 2!*'(!# &324+&&+' # 0'# 01!# T'%()# *'(#

%$$('5%,8#"+01#$%(0+73,%(#(!*!(! 7!#0'Y#

h- D%00!(&#(!X3+(!)#0'#2!#+ 7,3)!)#+ #01!#;+(!70'(&b#J!&$' &+2+,+0/#<0%0!4! 0#0'#2!#+ 7,3)!)#+ #01!#T'%()b&#

(!$'(0#+ #0!(4&#'*#:,%3&!#@\SSB#'*#<!70+' #\_k#'*#01!#:'4$% +!&#S708#_`gao#

`- :1% 6!&8#+*#% /8#+ #%77'3 0+ 6#$',+7+!&#% )#$(%70+7!&#% )#(!%&' &#*'(#01!#&%4!o#

_^- D%l'(#%77'3 0+ 6#! 0(+!&#+ 5',5+ 6#!&0+4%0!&#2%&!)#' #01!#!A!(7+&!#'*#l3)64! 0#2/#4% %6!4! 0o#

__- <+6 +*+7% 0#%)l3&04! 0&#4%)!#+ #01!#*+ % 7+%,#&0%0!4! 0&#%(+&+ 6#'30#'*#%3)+0#*+ )+ 6&o#

_\- :'4$,+% 7!#"+01#,+&0+ 6#% )#'01!(#,!6%,#(!X3+(!4! 0&#(!,%0+ 6#0'#*+ % 7+%,#&0%0!4! 0&o#

_f- ;+&7,'&3(!#'*#% /#(!,%0!)#$%(0/#0(% &%70+' &o#

_]- c3%,+*+7%0+' &#+ #01!#)(%*0#%3)+0#(!$'(0-#

_g- J!5+!"+ 68#"+01#01!#4% %6!4! 08#01!#X3%(0!(,/#*+ % 7+%,#&0%0!4! 0&#2!*'(!#&324+&&+' #0'#01!#T'%()#*'(#

%$$('5%,-#


#

ANNUAL REPORT

2013!14

18

_a- J!5+!"+ 68#"+01# 01!#4% %6!4! 08# 01!# &0%0!4! 0#'*#3&!&#R#%$$,+7%0+' #'*# *3 )&# (%+&!)# 01('361#% # +&&3!#

@$32,+7#+&&3!8#(+610&#+&&3!8#$(!*!(! 0+%,#+&&3!8#!07-B8#01!#&0%0!4! 0#'*#*3 )&#30+,+[!)#*'(#$3($'&!&#'01!(#01% #

01'&!# &0%0!)# + # 01!# '**!(# )'734! 0R# $('&$!703&R# '0+7!# % )# 01!# (!$'(0# &324+00!)# 2/# 01!# 4' +0'(+ 6#

%6! 7/# 4' +0'(+ 6# 01!# 30+,+[%0+' # '*# $('7!!)&# '*# %# $32,+7# '(# (+610&# +&&3!8# % )# 4%?+ 6# %$$('$(+%0!#

(!7'44! )%0+' &#0'#01!#T'%()#0'#0%?!#3$#&0!$&#+ #01+&#4%00!(-#

_k- J!5+!"+ 68# "+01# 4% %6!4! 08# $!(*'(4% 7!# '*# &0%030'(/# % )# + 0!( %,# %3)+0'(&8# % )# %)!X3%7/# '*# 01!#

+ 0!( %,#7' 0(',#&/&0!4-#

_h- N'#(!5+!"#01!#%)!X3%7/#'*#+ 0!( %,#%3)+0#*3 70+' 8#(!$'(0+ 6#&0(3703(!8#7'5!(%6!#% )#*(!X3! 7/#'*#+ 0!( %,#

%3)+0-#

_`- N'#)+&73&&#"+01#+ 0!( %,#%3)+0'(&#% /#&+6 +*+7% 0#%3)+0#*+ )+ 6&#% )#*',,'"#3$#01!(!' -#

\^- N'#(!5+!"#01!#*+ )+ 6&#'*#% /#+ 0!( %,#+ 5!&0+6%0+' &#2/#01!#+ 0!( %,#%3)+0'(&#+ 0'#4%00!(&#"1!(!#01!(!#%(!#

&3&$!70!)# *(%3)&# '(# +((!63,%(+0/# '(# %# *%+,3(!# '*# + 0!( %,# 7' 0(',&# &/&0!4&# '*# %# 4%0!(+%,# %03(!# % )#

(!$'(0+ 6#01!#4%00!(#0'#01!#T'%()-#

\_- N'#)+&73&&#"+01#<0%030'(/#S3)+0'(&8#2!*'(!#01!#7'44! 7!4! 0#'*#%3)+08#01!# %03(!#% )#&7'$!#'*#%3)+0#%&#

%,&'#7' )370#$'&09%3)+0#)+&73&&+' #0'#%&7!(0%+ #% /#%(!%#'*#7' 7!( -#

\\- N'#(!5+!"#01!#*3 70+' + 6#'*#01!#"1+&0,!#T,'"!(#D!71% +&4-#

\f- :%((/+ 6#'30#% /#'01!(#*3 70+' #%&#+&#4! 0+' !)#+ #0!(4&#'*#(!*!(! 7!#'*#01!#S3)+0#:'44+00!!-#

#

Vigil Mechanism:

#

N'#! &3(!#!&0%2,+&14! 0#'*#5+6+,#4!71% +&4#*'(#+0&#;+(!70'(&#% )#F4$,'/!!&#0'###(!$'(0#6! 3+ !#7' 7!( &-#

N1!# 5+6+,# 4!71% +&4# 0'# $('5+)!# *'(# %)!X3%0!# &%*!63%()&# %6%+ &0# 5+70+4+[%0+' # '*# $!(&' &# "1'# 3&!# &371#

4!71% +&4# % )# 4%?!# $('5+&+' # *'(# )+(!70# %77!&&# 0'# 01!# :1%+(4% # '*# 01!# S3)+0# :'44+00!!# + # %$$('$(+%0!# '(#

!A7!$0+' %,#7%&!&-#

N'#! &3(!#01%0#!A+&0! 7!#'*#5+6+,#4!71% +&4#+&#%$$('$(+%0!,/#7'443 +7%0!)#"+01+ #01!#:'4$% /#% )#%,&'#4%)!#

%5%+,%2,!#' #:'4$% /b&#"!2&+0!-#

N'#'5!(&!!#01!#*3 70+' + 6#'*#G+6+,#D!71% +&4#% )#)!7+)!#' #01!#4%00!(&#(!$'(0!)#01!(!#3 )!(-#

N'#! &3(!#01%0#01!#+ 0!(!&0&#'*#%#$!(&' #"1'#3&!&#&371#%#4!71% +&4#%(!# '0#$(!l3)+7+%,,/#%**!70!)#' #%77'3 0#'*#

&371#3&!-#

#

Audit Committee Meetings & Attendance during the financial year ended 31st March, 2014.

#

;3(+ 6#01!#*+ % 7+%,#/!%(#! )!)#f_&0#D%(718#\^_]8#C'3(#S3)+0#:'44+00!!#D!!0+ 6&#"!(!#1!,)#' #\`01#D%/8#\^_f8#

_]01#S363&08#\^_f8#_g01#E'5!42!(8#\^_f#% )#' #^k01#C!2(3%(/8#\^_]-#N1!# 0%2,!#1!(!3 )!(#6+5!&# 01!#%00! )% 7!#

(!7'()#'*#01!#S3)+0#:'44+00!!#4!42!(&-#

#

Name of the Audit Committee Members No. of Meetings held No. of meetings attended

D(-#D% +&1%#S % )# ] ]#

D(-#;%4')%(#W%(+#O%+# ] \#

D(-#W+0!&1#n%+ # ] ]#

#

Internal Audit and Control:

#

DR&-#eD<#U#:'-8#O(%70+7+ 6#:'4$% /#<!7(!0%(+!&#%(!#01!#+ 0!( %,#%3)+0'(#'*#01!#:'4$% /#% )#01!+(#+ 0!( %,#%3)+0#

$,% #% )#(!43 !(%0+' #%(!#%$$('5!)#2/#01!#S3)+0#:'44+00!!-#N1!#(!$'(0&#% )#*+ )+ 6&#'*#01!#+ 0!( %,#%3)+0'(#% )#

01!#+ 0!( %,#7' 0(',#&/&0!4#%(!#$!(+')+7%,,/#(!5+!"!)#2/#01!#S3)+0#:'44+00!!-#

#

4. Nomination and Remuneration Committee:

#

N1!#7'44+00!!b&#7' &0+030+' #% )#0!(4&#'*#(!*!(! 7!#%(!#+ #7'4$,+% 7!#"+01#01!#$('5+&+' &#'*#01!#:'4$% +!&#S708#

\^_f8#:,%3&!#]`#'*#01!#=+&0+ 6#S6(!!4! 0#% )#<!73(+0+!&#% )#FA71% 6!#T'%()#'*#> )+%#e3+)!,+ !&#%&#%4! )!)#*('4#

0+4!#0'#0+4!-#


#

ANNUAL REPORT

2013!14

19

#

> #5+!"#'*# 01!#4% )%0'(/#(!X3+(!4! 0#0'#7' &0+030!#%#E'4+ %0+' #U#J!43 !(%0+' #:'44+00!!#'*#;+(!70'(&8# 01!#

!A+&0+ 6# J!43 !(%0+' R:'4$! &%0+' # :'44+00!!# '*# 01!# :'4$% /# 1%&# 2!! # (! %4!)# %&# LE'4+ %0+' # % )#

J!43 !(%0+' #:'44+00!!P#%0#+0&#4!!0+ 6#' #\]01#D%/8#\^_]-#

#

;3(+ 6# 01!# /!%(# 3 )!(# (!5+!"8# 01!# 7'44+00!!#4!0# ' 7!# + # %# /!%(-#D(-# S&1'?%)+0/%#;13(% )1%(#U#D&-#D% +&1%#

S % )#%00! )!)#01!#&%+)#4!!0+ 6-#

#

Composition:

#

N1!#:'4$'&+0+' #'*#01!#E'4+ %0+' #% )#J!43 !(%0+' #:'44+00!!#%&#' #)%0!#'*#01+&#(!$'(0#+&#%&#*',,'"&Y#

#

D(-#S&1'?%)+0/%#;13(% )%(# :1%+(4% 8#> )!$! )! 0#U#E' #FA!730+5!##

D&-#D% +&1%#S % )# D!42!(8#> )!$! )! 0#U#E' #FA!730+5!#

D(-#D% +&1#<1%1# D!42!(8##D% %6+ 6#;+(!70'(

#

T'%()#0!(4&#'*#(!*!(! 7!#'*#01!#:'44+00!!#+ 7,3)!#%$$('5%,R(!7'44! )%0+' #0'#01!#T'%()#'*#&%,%(/R$!(X3+&+0!&8#

7'44+&&+' #% )#(!0+(!4! 0#2! !*+0&8#*+ %,+&%0+' #'*#01!#$!(X3+&+0!&#$%7?%6!#$%/%2,!#0'#01!#:'4$% /b&#D% %6+ 6R#

S)4+ +&0(%0+' -#

#

Remuneration Policy:

#

O%/4! 0# '*# (!43 !(%0+' # 0'# 01!# D% %6+ 6# Rj1',!# N+4!# ;+(!70'(# +&# 6'5!( !)# 2/# 01!# (!&$!70+5!# S6(!!4! 0&#

!A!730!)#2!0"!! #01!4#% )#01!#:'4$% /-#N1!+(#S6(!!4! 0&#%(!#%$$('5!)#2/#01!#T'%()#% )#2/#01!#&1%(!1',)!(&-#

N1!+(# (!43 !(%0+' # &0(3703(!# 7'4$(+&!&# &%,%(/8# + 7! 0+5!8# 2' 3&8# 2! !*+0&8# $!(X3+&+0!&# % )# %,,'"% 7!&8#

7' 0(+230+' # 0'# $('5+)! 0# *3 )8# &3$!(% 3%0+' # % )# 6(%03+0/-# N1!# E' 9FA!730+5!# ;+(!70'(# )'# '0# )(%"# % /#

(!43 !(%0+' #*('4#01!#:'4$% /#'01!(#01% #&+00+ 6#*!!&#% )#&371#7'44+&&+' #%&#4%/#2!#)!0!(4+ !)#2/#01!#T'%()#

*('4#0+4!#0'#0+4!-#

#

N1!#)!0%+,&#'*#(!43 !(%0+' #$%+)#0'#01!#;+(!70'(&#)3(+ 6#01!#C+ % 7+%,#Q!%(#\^_f9_]#%(!#6+5! #2!,'"Y9#

#

E%4!#'*#01!#;+(!70'(# <%,%(/#<+00+ 6#C!!&#O%+)#@J&-B E'-#'*#&1%(!&#1!,)#%&##' #

f_&0#D%(718#\^_]#T'%()#D!!0+ 6 S3)+0#:'44+00!!

D(-#W+0!&1#n%+ # \8k^8^^^ 9#

D(-#D% +&1#E-#<1%1# _^^

D(-#;%4')%(#W%(+#O%+# 9#

D&-#D% +&1%#S % )# 9#

D(-#J%5+#.% 0#:1%03(5!)+# 9#

D(-#S&1'?%)+0/%#;13(% )1%(# 9#

sD(-#G+&1%,#e'1+,# f8\g8^^^ 9#

* Resigned as Whole Time Director w.e.f. 15.11.2013

#

S$%(0#*('4#01!#&+00+ 6#*!!&#01%0#%(!#$%+)#0'#01!# ' 9!A!730+5!#)+(!70'(&#*'(#%00! )+ 6#01!#T'%()#D!!0+ 68# '#'01!(#

*!!&R# 7'44+&&+' # "!(!# $%+)# )3(+ 6# 01!# /!%(-# E'# &+6 +*+7% 0# 4%0!(+%,# 0(% &%70+' &# 1%5!# 2!! # 4%)!# "+01# ' 9

FA!730+5!#;+(!70'(&#5+&9t95+&#01!#:'4$% /-#

#

5. Stakeholders Relationship Committee (SR):

#

> #0!(4&#'*#<!70+' #_kh#@gB#'*#01!#:'4$% +!&#S708#\^_f#@L01!#S70PB#01!#T'%()#'*#;+(!70'(&#'*#01!#:'4$% /#"1+71#

1%&#4'(!#01% #' !#01'3&% )#&1%(!1',)!(&8#)!2! 03(!#1',)!(&8#)!$'&+0#1',)!(&#% )#% /#'01!(#&!73(+0/#1',)!(&#%0#

% /#0+4!#)3(+ 6#01!#*+ % 7+%,#/!%(#+&#(!X3+(!)#0'#7' &0+030!#%#<J#:'44+00!!#7' &+&0+ 6#'*#%#:1%+($!(&' #"1'#"+,,#


#

ANNUAL REPORT

2013!14

20

2!#%# ' 9!A!730+5!#)+(!70'(#% )#&371#'01!(#4!42!(&#%&#4%/#2!#)!7+)!)#2/#01!#T'%()#0'#7' &+)!(#% )#(!&',5!#01!#

6(+!5% 7!&#'*#&!73(+0/#1',)!(&#'*#01!#:'4$% /-#

#

> #5+!"#'*# 01!#%2'5!# (!X3+(!4! 0&8# 01!#T'%()#'*#;+(!70'(&#'*# 01!#:'4$% /#1%&# (! %4!)# 01!#<1%(!1',)!(&# 734#

+ 5!&0'(&#e(+!5% 7!#7'44+00!!#%&#L<0%?!1',)!(&#J!,%0+' &1+$#:'44+00!!P#@<JB#%0# +0&#4!!0+ 6#1!,)#' #\]01#D%/8#

\^_]-#N1!#<J#:'44+00!!#+&#$(+4%(+,/#(!&$' &+2,!#0'#(!5+!"#%,,#4%00!(&#7' !70!)#"+01#01!#:'4$% /b&#0(% &*!(#'*#

&!73(+0+!&#% )#(!)(!&&%,#'*# &1%(!1',)!(&bR+ 5!&0'(&bR&!73(+0/#1',)!(&b# 7'4$,%+ 0&-#N1!#:'44+00!!#%,&'#4' +0'(&#

01!#+4$,!4! 0%0+' #% )#7'4$,+% 7!#"+01#01!#:'4$% /b&#7')!#'*#7' )370#*'(#$('1+2+0+' #'*#+ &+)!(#0(%)+ 6-#

#

N1!# <J# :'44+00!!b&# 7'4$'&+0+' # % )# 01!# 0!(4&# '*# (!*!(! 7!#4!!0# "+01# 01!# (!X3+(!4! 0&# '*# :,%3&!# ]`# '*# 01!#

=+&0+ 6#S6(!!4! 0#% )#$('5+&+' &#'*#01!#:'4$% +!&#S708#\^_f-#

#

Composition of the Committee:

#

D&-#D% +&1%#S % )# :1%+($!(&' 8#> )!$! )! 08#E' #FA!730+5!

D(-#W+0!&1#n%+ # D!42!(8#j1',!#N+4!#;+(!70'(

D(-#;%4')%(#W%(+#O%+# D!42!(8#> )!$! )! 0#U#E' #FA!730+5!

#

N!(4&#'*#(!*!(! 7!#'*#01!#:'44+00!!8#+ 0!(#%,+%8#+ 7,3)!&#01!#*',,'"+ 6Y#

#

_- K5!(&!!#% )#(!5+!"#%,,#4%00!(&#7' !70!)#"+01#01!#0(% &*!(#'*#01!#:'4$% /b&#&!73(+0+!&-#

\- S$$('5!#+&&3!#'*#01!#7'4$% /b&#)3$,+7%0!#&1%(!#7!(0+*+7%0!-#

f- D' +0'(#(!)(!&&%,#'*#+ 5!&0'(&bR&1%(!1',)!(&bR&!73(+0/#1',)!(&b#6(+!5% 7!&-#

]- K5!(&!!#01!#$!(*'(4% 7!#'*#01!#:'4$% /b&#J!6+&0(%(&#% )#N(% &*!(#S6! 0&-#

g- J!7'44! )#4!01')&#0'#3$6(%)!#01!#&0% )%()#'*#&!(5+7!&#0'#+ 5!&0'(&-#

a- D' +0'(#+4$,!4! 0%0+' #'*#01!#:'4$% /b&#7')!#'*#7' )370#*'(#$('1+2+0+' #'*#+ &+)!(#0(%)+ 6-#

k- :%((/# '30# % /# '01!(# *3 70+' # %&# +&# (!*!((!)# 2/# 01!# T'%()# *('4# 0+4!# 0'# 0+4!# '(# ! *'(7!)# 2/# % /# &0%030'(/#

'0+*+7%0+' R%4! )4! 0#'(#4')+*+7%0+' #%&#4%/#2!#%$$,+7%2,!-#

##

Meetings and Attendance:

#

C'3(#<0%?!1',)!(&#J!,%0+' &1+$#:'44+00!!#D!!0+ 6&#"!(!#1!,)#)3(+ 6#01!#/!%(#! )!)#D%(71#f_8#\^_]-##

#

Name Committee Members No. of Meetings held No. of meetings attended

D(-#D% +&1%#S % )# ] ]#

D(-#;%4')%(#W%(+#O%+# ] \#

D(-#W+0!&1#n%+ # ] ]#

#

N1!#:'44+00!!#!A$(!&&!&#&%0+&*%70+' #"+01#01!#:'4$% /b&#$!(*'(4% 7!#+ #)!%,+ 6#"+01#+ 5!&0'(&b#6(+!5% 7!#% )#

+0&#&1%(!#0(% &*!(#&/&0!4-##

#

<0%03&#'*# 342!(#'*#&1%(!1',)!(&b#7'4$,%+ 0&#(!7!+5!)8#$! )+ 6#U#(!)(!&&!)#+&#%&#3 )!(Y#

@+B# E'-#'*#<1%(!1',)!(b&#7'4$,%+ 0&#(!7!+5!)# # # # E+,#

@++B# E'-#'*#7'4$,%+ 0&# '0#(!)(!&&!)#% )#$! )+ 6#%&#' #)%0!# # E+,#

@+++B# E'-#'*#&1%(!#0(% &*!(&#$! )+ 6#*'(#4'(!#01% #%#*'(0 +610# # E+,#

#

6. Corporate Social Responsibility Committee:

#

O3(&3% 0#0'#<!70+' #_fg#'*#01!#:'4$% +!&#S708#\^_f#01!#:'4$% /# 7' &0+030!)#%#:'($'(%0!#<'7+%,#J!&$' &+2+,+0/#

@:<JB# :'44+00!!# '*# 01!# T'%()# %0# 01!# T'%()# D!!0+ 6# 1!,)# ' # \]01# D%/8# \^_]# % )# "1+71# +&# + # 01!# $('7!&&# '*#

*'(43,%0+ 6# %# *'(4%,# :<J# $',+7/-# C3(01!(8# E'# 4!!0+ 6# '*# 01!# :<J# :'44+00!!# "%&# 1!,)# )3(+ 6# 01!# /!%(# 3 )!(#

(!5+!"-#


#

ANNUAL REPORT

2013!14

21

Composition

#

D(-#S&1'?%)+0/%#;13(% )1%(# :1%+(4% 8#E' #FA!730+5!#;+(!70'(

D&-#D% +&1%#S % )# D!42!(8#E' #FA!730+5!#;+(!70'(

D(-#W+0!&1#n%+ ## D!42!(8#j1',!#N+4!#;+(!70'(#

#

#

7. Whistle Blower Policy:

#

N1!#:'4$% /#2!,+!5!&#+ #01!#7' )370#'*#01!#%**%+(&#'*#+0&#7' &0+03! 0&#+ #%#*%+(#% )#0(% &$%(! 0#4% !(#2/#%)'$0+' #

'*#1+61!&0#&0% )%()&#'*#$('*!&&+' %,+&48#1' !&0/8#+ 0!6(+0/#% )#!01+7%,#2!1%5+'3(-#N'"%()&#01+&#! )8#01!#:'4$% /#

1%&#+4$,!4! 0!)#%#j1+&0,!#T,'"!(#O',+7/8#"+01#%#5+!"#0'#$('5+)!#%#4!71% +&4#*'(#!4$,'/!!&#% )#;+(!70'(&#'*#01!#

:'4$% /# 0'# %$$('%71# 01!# F01+7&# :'44+00!!# '(# :1%+(4% # '*# 01!# S3)+0# :'44+00!!# '*# 01!# :'4$% /# 0'# (!$'(0#

+ &0% 7!&#'*#5+',%0+' &#'*#,%"&8#(3,!&#% )#(!63,%0+' &8#3 !01+7%,#2!1%5+'3(8#%703%,#'(#&3&$!70!)8#*(%3)#'(#5+',%0+' #'*#

01!#:'4$% /b&#7')!#'*# 7' )370#'(#!01+7&#$',+7/-#N1!#5+6+,#4!71% +&4#%,&'#$('5+)!&#%)!X3%0!#&%*!63%()&#%6%+ &0#

5+70+4+&%0+' #'*#$!(&' &#"1'#3&!# &371#4!71% +&4&#% )#%,&'# 0'#! &3(!#)+(!70# %77!&&# 0'# 01!#F01+7&#:'44+00!!#'(#

:1%+(4% #'*#01!#S3)+0#:'44+00!!#+ #%$$('$(+%0!#'(#!A7!$0+' %,#7%&!&-#

#

8. General Body Meeting

#

S- S 3%,#e! !(%,#D!!0+ 6&Y#

Financial Year Date Location of the Meeting Time

\^_^9__# \`R^`R\^__#:' *!(! 7!# W%,,8# _h01 C,''(8# :# j+ 68# D+00%,# N'"!(8#

E%(+4% #O'+ 08#D342%+9#]^^#^\_-#f-^^#$-4-#

\^__9_\# ^kR^hR\^_\#:' *!(! 7!# W%,,8# _h01 C,''(8# :# j+ 68# D+00%,# N'"!(8#

E%(+4% #O'+ 08#D342%+9#]^^#^\_-#__-^^#%-4-#

\^_\9_f# \kR^`R\^_f#K**+7!#E'-#a\8#a01 C,''(8#:#"+ 68#D+00%,#N'"!(8#E%(+4% #

O'+ 08#D342%+#]^^^\_-#_^-^^#%-4-#

#

T- j1!01!(#% /#<$!7+%,#J!&',30+' &#"!(!#$%&&!)#,%&0#/!%(#01('361#$'&0%,#2%,,'0Y#

;3(+ 6#01!#/!%(#3 )!(#(!5+!"8# '#<$!7+%,#J!&',30+' #"%&#$%&&!)#01('361#$'&0%,#2%,,'0-#

#

:- O!(&' #"1'#7' )370!)#$'&0%,#2%,,'0#!A!(7+&!Y#E'0#S$$,+7%2,!#

#

;- j1!01!(#% /#&$!7+%,#(!&',30+' #+&#$('$'&!)#0'#2!#$%&&!)#01('361#$'&0%,#2%,,'0#01+&#/!%(Y#

;3(+ 6# 01!# 73((! 0# /!%(8# +*# &$!7+%,# (!&',30+' &# %(!# $('$'&!)# 0'# 2!# $%&&!)# 01('361# $'&0%,# 2%,,'08# 01!# &%4!#

"'3,)#2!#0%?! #3$#%0#01!#%$$('$(+%0!#0+4!-#

#

F- O('7!)3(!#*'(#$'&0%,#2%,,'0Y#

>*# % /# &$!7+%,# (!&',30+' # +&# $%&&!)# 01('361# $'&0%,# 2%,,'0# )3(+ 6# 01!# 73((! 0# /!%(8# 01!# $('7!)3(!# *'(# $'&0%,#

2%,,'0# "+,,# 2!# *',,'"!)# + # 0!(4&# '*# <!70+' # __^# '*# 01!# :'4$% +!&# S708# \^_f8# (!%)# "+01# 01!# :'4$% +!&#

@D% %6!4! 0#% )#S)4+ +&0(%0+' B#J3,!&8#\^_]8#%&#%4! )!)#*('4#0+4!#0'#0+4!-#

#

9. Other Disclosures:

#

N1!# :'4$% /# 1%&# 2!! # 7'4$,/+ 6# "+01# %,,# &0%030'(/# (!X3+(!4! 0&# % )# '# $! %,0+!&# '(# &0(+703(!&# 1%5!# 2!! #

+4$'&!)#' #+0#2/#<FT>8#T<F#'(#% /#(!63,%0'(/#'(#&0%030'(/#2')/#' #% /#4%00!(-#

#

#

#

#


#

ANNUAL REPORT

2013!14

22

Related Party Transaction:

#

Q'3(#:'4$% /#$,%7!&#%,,# 01!#%*'(!&%+)#)!0%+,&#2!*'(!# 01!#S3)+0# :'44+00!!#$!(+')+7%,,/-#S#7'4$(!1! &+5!# ,+&0#'*#

(!,%0!)#$%(0/# 0(% &%70+' &#%&# (!X3+(!)#2/# 01!#S77'3 0+ 6#<0% )%()#@S<B#_h# +&&3!)#2/# 01!# > &0+030!#'*#:1%(0!(!)#

S77'3 0% 0&# '*# > )+%8# *'(4&# $%(0# '*# 01!# E'0!# E'-\f# '*# 01!# S77'3 0&# + # 01!# S 3%,# J!$'(0-# W'"!5!(8# 01!&!#

0(% &%70+' &#%(!# '0#,+?!,/#0'#1%5!#% /#7' *,+70#"+01#01!#+ 0!(!&0&#'*#01!#:'4$% /#%0#,%(6!-#

#

Risk Management:

#

N1!# :'4$% /# 1%&# + # $,%7!#4!71% +&4# 0'# + *'(4#T'%()#D!42!(&# %2'30# 01!# (+&?# %&&!&&4! 0# % )#4+ +4+[%0+' #

$('7!)3(!&-# N1!# S3)+0# :'44+00!!# % )# 01!# T'%()# $!(+')+7%,,/# (!5+!"!)# 01!# (+&?# %&&!&&4! 0# % )#4+ +4+[%0+' #

$('7!)3(!&#%&# (!X3+(!)#3 )!(#7,%3&!#]`#'*# 01!#=+&0+ 6#S6(!!4! 0# &'#%&# 0'# ! &3(!# 01%0# (+&?# +&# 7' 0(',,!)#2/# 01!#

FA!730+5!#D% %6!4! 0-#

#

WTD Certification:

D(-#W+0!&1#n%+ 8#j1',!#N+4!#;+(!70'(#'*#01!#:'4$% /8#1%5!#7!(0+*+!)#0'#01!#T'%()#+ #%77'()% 7!#"+01#:,%3&!#]`@GB#

'*#01!#=+&0+ 6#S6(!!4! 0#$!(0%+ + 6#*'(#01!#C+ % 7+%,#Q!%(#f_&0#D%(718#\^_]-#

#

Prevention of Insider Trading Code:

#

S&#$!(#01!#<FT>#@O(!5! 0+' #'*#> &+)!(#N(%)+ 6B#J!63,%0+' &8#_``\8#01!#:'4$% /#1%&#%)'$0!)#%#:')!#'*#:' )370#

*'(#O(!5! 0+' #'*#> &+)!(#N(%)+ 6-#S,,#01!#;+(!70'(&8#!4$,'/!!&#%0#&! +'(#4% %6!4! 0#,!5!,#% )#'01!(#!4$,'/!!&#

"1'#"'3,)#1%5!#%77!&&#0'#3 $32,+&1!)#$(+7!#&! &+0+5!#+ *'(4%0+' #'*#01!#:'4$% /#%(!#6'5!( !)#2/#01+&#:')!-#

#

8. Share Transfer System:

#

S,,#&1%(!#0(% &*!(8#)!4%0!(+%,+[%0+' #% )#(!,%0!)#"'(?#+&#4% %6!)#2/#%#7'44' #%6! 7/8#=+ ?#> 0+4!#> )+%#O(+5%0!#

=+4+0!)8#T1% )3$#@jB8#D342%+9kh-#<1%(!1',)!(&#%(!#(!X3!&0!)#0'#&! )#%,,#&1%(!#0(% &*!(#(!X3!&0&8#)!4%0R(!4%0#

(!X3!&0&8# 7'((!&$' )! 7!# (!,%0+ 6# 0'# &1%(!&# +-!-# 71% 6!# '*# %))(!&&8# O'"!(#'*#S00'( !/8# !07-# 0'# 01!# (!6+&0(%(# % )#

0(% &*!(#%6! 0&-##

#

Share Capital Audit:

#

S&#&0+$3,%0!)#2/#<!73(+0+!&#% )#FA71% 6!#T'%()#'*#> )+%#@<FT>B8#%#X3%,+*+!)#$(%70+7+ 6#:'4$% /#<!7(!0%(/#7%((+!)#

'30# 01!# <1%(!# :%$+0%,# S3)+0# 0'# (!7' 7+,!# 01!# 0'0%,# %)4+00!)# 7%$+0%,#"+01#E%0+' %,# <!73(+0+!&#;!$'&+0'(/# =+4+0!)#

@E<;=B# % )# :! 0(%,# ;!$'&+0'(/# <!(5+7!&# @> )+%B# =+4+0!)# @:;<=B8# &1%(!&# 1!,)# $1/&+7%,,/# %&# $!(# 01!# (!6+&0!(# '*#

4!42!(&#% )#01!#0'0%,#+&&3!)#% )#,+&0!)#7%$+0%,-#N1+&#%3)+0#+&#7%((+!)#'30#!5!(/#X3%(0!(#% )#01!#(!$'(0#01!(!' #+&#

&324+00!)# 0'# 01!# <0'7?# FA71% 6!8# E<;=# % )# :;<=# % )# +&# %,&'# $,%7!)# 2!*'(!# 01!# <1%(!# N(% &*!(8#

<1%(!1',)!(&bR> 5!&0'(&#e(+!5% 7!#% )#F01+7&#U#:'4$,+% 7!#:'44+00!!#% )#01!#T'%()#'*#;+(!70'(&-#

#

Green Initiative:

#

F,!70(' +7#7'$+!&#'*# 01!#S 3%,#J!$'(0#% )#E'0+7!#'*# 01!#f^01#S 3%,#e! !(%,#D!!0+ 6#%(!#&! 0# 0'#%,,#4!42!(&#

"1'&!#!4%+,#%))(!&&!&#%(!#(!6+&0!(!)#"+01#01!#:'4$% /R;!$'&+0'(/#O%(0+7+$% 0@&B#*'(#7'443 +7%0+' #$3($'&!&-#

C'(#4!42!(&#"1'#1%5!# '0#(!6+&0!(!)#01!+(#!4%+,#%))(!&&!&8#$1/&+7%,#7'$+!&#'*#01!#E'0+7!#% )#S 3%,#J!$'(0#%(!#

&! 0#+ #01!#$!(4+00!)#4')!-#D!42!(&#(!X3+(+ 6#$1/&+7%,#7'$+!&#7% #&! )#%#(!X3!&0#0'#01!#:'4$% /-#

#

Means of Communication:

#

N1!# X3%(0!(,/# (!&3,0&# '*# 01!# :'4$% /# %(!# $32,+&1!)# + # 0"'# !"&$%$!(&# + # 7'4$,+% 7!#"+01# 01!# $('5+&+' &# '*#

:,%3&!#]_#'*#01!#,+&0+ 6#%6(!!4! 0-#e! !(%,,/8#01!#&%4!#%(!#$32,+&1!)#+ #Business Standard (English language) % )#

Mumbai Lakshadweep# (Marathi language) in Mumbai. S&# 01!# (!&3,0&# '*# 01!# :'4$% /# %(!# $32,+&1!)# + # 01!##


#

ANNUAL REPORT

2013!14

23

!"&$%$!(&8#1%,*9/!%(,/#(!$'(0&#%(!# '0#&! 0#0'#!%71#1'3&!1',)#'*#&1%(!1',)!(&-#N1!#X3%(0!(,/#(!&3,0&#%&#"!,,#%&#

$('7!!)+ 6&#'*# 01!#S 3%,#e! !(%,#D!!0+ 6#%(!# &324+00!)# 0'# 01!# T'42%/#<0'7?#FA71% 6!#=+4+0!)8# +44!)+%0!,/#

%*0!(#01!#7' 7,3&+' #'*#01!#(!&$!70+5!#4!!0+ 6-##

#

E'#$(!&! 0%0+' &#"!(!#4%)!#0'#01!#+ &0+030+' %,#+ 5!&0'(&#'(#0'#% %,/&0&#)3(+ 6#01!####/!%(###3 )!(#(!5+!"-##

#

@+++BN1!#D% %6!4! 0#;+&73&&+' #% )#S %,/&+&#J!$'(0#*'(4#%#$%(0#'*#01+&#S 3%,###J!$'(0-#

#

@+5BC+ % 7+%,#:%,! )%(#@0! 0%0+5!#% )#&32l!70#0'#71% 6!B#

#

C+ % 7+%,#(!$'(0+ 6#*'(#X3%(0!(#! )!)#

n3 !#f^8#\^_]#############2/#S363&0#_]8#\^_]#

<!$0!42!(8#\^_]#######2/#E'5!42!(#_g8#\^_]

;!7!42!(#\^_]#########2/#C!2(3%(/#_]8#\^_g#

D%(71#\^_g################2/#D%/#f^8#\^_g#

S 3%,#e! !(%,#D!!0+ 6#*'(#01!#/!%(#! )!)#f_&0D%(71#\^_]#r ' #'(#2!*'(!#<!$0!42!(#f^8#\^_]-#

#

General Shareholder Information

#

+-# ;%0!# % )# 0+4!# '*# S 3%,# e! !(%,# D!!0+ 6# '*#

<1%(!1',)!(&#

N3!&)%/8#<!$0!42!(#f^8#\^_]#%0#__Yf^#%-4-

#

++-# ;%0!&#'*#T''?#:,'&3(!&# j!) !&)%/8# <!$0!42!(# \]8# \^_]# 0'# N3!&)%/8#

<!$0!42!(#f^8#\^_]#@2'01#)%/&#+ 7,3&+5!B#

+++-# G! 3!#'*#SeD# a\8#a01 C,''(8#:#j+ 68#D+00%,#N'"!(8#E%(+4% #O'+ 08#

D342%+Y#]^^#^\_#

+5-# =+&0+ 6#' #&0'7?#!A71% 6!&# N1!# FX3+0/# <1%(!&# '*# 01!# :'4$% /# %(!# ,+&0!)# ' #

T'42%/#<0'7?#FA71% 6!#=+4+0!)-#

N1!(!# +&# '# )!*%3,0# + # $%/4! 0# '*# S 3%,# =+&0+ 6#

C!!&#%&#$(!&7(+2!)-#

5-# <0'7?#FA71% 6!#:')!##

#

g_\^]k#@T'42%/#<0'7?#FA71% 6!#=+4+0!)B

5+-# C+ % 7+%,#/!%(# S$(+,#0'#D%(71

5++-## ;+5+)! )#$%/4! 0#)%0!# E-S-

# #

Market Price Data (Monthly High/Low on BSE):

#

Month High (`) Low (`) No. of Shares No. of Trades

S$(+,#\^_f# \]-g# _g-f# `\h^# ]\#

D%/#\^_f# _g# _^-g# _g_`gk# _fg#

n3 !#\^_f# _^-g# h-hf k]`fg \kg#

n3,/#\^_f# h-hf# f-hh# fgg]h# _fg#

S363&0#\^_f# ]-gg# ]-\a \a_g` \_#

<!$0!42!(#\^_f# a# ]-a] kg]^a h`#

K70'2!(#\^_f# g-`h# f-a\ f_h`ga _`h#

E'5!42!(#\^_f# ]-_`# f-] aaa]f _g]#

;!7!42!(#\^_f# ]-ah# f-ak faak_f _\h_#

n% 3%(/#\^_]# ]-`k# f-\g _\]hg]_ \af`#

C!2(3%(/#\^_]# g-a`# f-_g a\_`hg \`fk#

D%(71#\^_]# g-f\# f-h] g^\\_a _^\a#

#

# #


#

ANNUAL REPORT

2013!14

24

:'4$%(%0+5!#O!(*'(4% 7!Y#E'#4!% + 6*3,#7'4$%(+&' #+&#$'&&+2,!#"+01#% /#+ )!A-#

#

CATEGORY!WISE DISTRIBUTION OF SHAREHOLDING AS ON MARCH 31, 2014

#

Category

Shareholders Shares

Number % to total

Shareholders Number

% to total

Capital

OJKDKNFJ<#WK=;>Ee#

> )+% #O('4'0!(&#

########N'0%,#'*#$('4'0!(#1',)+ 6#

a ^-gg _8^g8`k8\g_# ]g-`_

a# ^-gg#

#

_8^g8`k8\g_# ]g-`_#

EKE9#OJKDKNFJ#WK=;>Ee#

> &0+030+' %,#> 5!&0'(&##

T% ?&#

C>>&#

K01!(&##

########:'($'(%0!#T')+!&#

########> )+% #O32,+7##

########EJ>&#R#K:T&#

########:,!%(+ 6#D!42!(#

#

^#

^#

#

`g#

`gh#

\#

\\#

^-^^#

^-^^#

#

h-kh#

hh-]a#

^-_h#

\-^f#

#

9#

9#

#

]\8`]8]]_#

h^8fh8^g^#

_g^#

_g8^_^#

9#

^-^]#

#

_h-a_#

f]-h\#

^-^_#

^-ag#

#N'0%,#'*# ' 9$('4'0!(#1',)+ 6# _^kk ``-]g k`8`f8_gg# g]-^h

e(% )#N'0%,# _^hf _^^-^^ \f8^h8^^8^^^# _^^-^^

# #

SLAB!WISE DISTRIBUTION OF SHAREHOLDING AS ON MARCH 31, 2014

#

NOMINAL VALUE OF

RS.

SHAREHOLDERS

NUMBER % OF TOTAL

NO. OF SHARES

(Rs.10 each) %TO EQUITY

_#r#g^^^# a^h# ga-_] `_``_# ^-f`

g^^_#r#_^^^^# ___# _^-\g `]`ka# ^-]\

_^^^_#r#\^^^^# af# g-h\ _^_`h`# ^-]]

\^8^^_#r#f^8^^^# f\# \-`g hga]`# ^-fk

f^8^^_#r#]^8^^^# \]# \-\_ h`kf\# ^-f`

]^8^^_#r#g^8^^^# ff# f-^g _ghghg# ^-a`

g^8^^_#r#_8^^8^^^# a_# g-af ]kk_]h# \-^k

_8^^8^^_#U#S2'5!# _g_# _f-`] \_`k``f^# `g-\f

NKNS=<# _^hf _^^-^^^ \f8^h8^^8^^^# _^^-^^^

#

13. Dematerialization of Shares:

#

N1!#:'4$% /b&#&1%(!&#%(!#%5%+,%2,!#*'(#0(%)+ 6#+ #)!4%0!(+%,+[!)#*'(4#3 )!(#2'01#01!#;!$'&+0'(/#</&0!4&#r#E<;=#

% )#:;<=-#:' !70+5+0/#"+01#2'01#E<;=#% )#:;<=#+&#$('5+)!)#2/#=+ ?#> 0+4!#> )+%#O50-#=0)-8#D342%+#r#]^^#^kh#

3 )!(#0(+$%(0+0!#%6(!!4! 0&-#N1!#)+&0(+230+' #'*#)!4%0!(+%,+[!)#% )#$1/&+7%,#&1%(!&#%&#' #D%(71#f_8#\^_]#"%&#%&#

*',,'"&Y#

S.No. Particulars No. of Shares %

_# ;!4%0!(+%,+&!)#<1%(!&# #

# :<;=# ]g8]k8k]a _`-k^

# E<;=# _8h\8h^8hf] k`-\_

# N'0%,# \8\h8\h8gh^ `h-`_

\# O1/&+7%,#<1%(!&# \8g_8]\^ ^_-^`

Total 2,30,80,000 100.00

#


#

ANNUAL REPORT

2013!14

25

K30&0% )+ 6#e;JRS;JRj%((% 0&R:' 5!(0+2,!#+ &0(34! 0&#!07Y#

##

N1!(!#%(!# '#'30&0% )+ 6#&!73(+0+!&#%&#%0#f_&0#D%(71#\^_]-#

#

14. Investors Correspondence:

#

=+ ?#> 0+4!#> )+%#O(+5%0!#=+4+0!)#

:9_f8#O% %,%,#<+,?#D+,,&#:'4$'3 )8#

=-#T-#<-#D%(68#T1% )3$#@j!&0B8#

D342%+#9#]^^^kh#

N!,#E'Y#@^\\B#\g`]a`k^#

C%A#E'Y#@^\\B#\g`]#a`a`#

F4%+,9+)Y#( 0-1!,$)!&?Z,+ ?+ 0+4!-7'-+ #

#


#

ANNUAL REPORT

2013!14

26

CERTIFICATE ON CORPORATE GOVERNANCE

#

O3(&3% 0#0'#:,%3&!#]`#>#@GB#'*#01!#=+&0+ 6#S6(!!4! 0#! 0!(!)#+ 0'#"+01#01!#<0'7?#FA71% 6!8#>#1!(!2/#)!7,%(!#01%0#

%,,# 01!#T'%()#4!42!(&#% )#&! +'(#4% %6!4! 0#$!(&' !,#'*# 01!#:'4$% /#1%5!#%**+(4!)#7'4$,+% 7!&#"+01# 01!#

:')!#'*#:' )370#*'(#01!#73((! 0#/!%(-#

###### # ##### # # # # # # For Royal India Corporation Ltd.

# # # # # # ########### # #

Place: Mumbai### # # # # # # <)R9#

Date: 14th August, 2014## # ### # ############### # (HITESH JAIN)

j1',!#N+4!#;+(!70'(###@;>E#Y#^g\af_\^B#

#

CERTIFICATE FROM THE AUDITORS OF THE COMPANY

#

Auditors’ Certificate on Compliance with the conditions of Corporate

Governance under Clause 49 of the Listing Agreement

#

N'8#

N1!#D!42!(&#'*#J'/%,#> )+%#:'($'(%0+' #=+4+0!)#

#

j!#1%5!#!A%4+ !)#01!#7'4$,+% 7!#'*#7' )+0+' &#'*#:'($'(%0!#e'5!( % 7!#2/#J'/%,#> )+%#:'($'(%0+' #=+4+0!)#@01!#

:'4$% /B# *'(# 01!# /!%(# ! )!)#D%(71# f_8# \^_]8# %&# &0+$3,%0!)# + # :,%3&!# ]`# '*# 01!# =+&0+ 6# S6(!!4! 0# '*# 01!# &%+)#

:'4$% /#"+01#01!#<0'7?#FA71% 6!#+ #> )+%-#

#

N1!#7'4$,+% 7!#'*#7' )+0+' &#'*#:'($'(%0!#e'5!( % 7!#+&#01!#(!&$' &+2+,+0/#'*#01!#D% %6!4! 0-#K3(#!A%4+ %0+' #

"%&#,+4+0!)#0'#$('7!)3(!&#% )#+4$,!4! 0%0+' #01!(!'*8#%)'$0!)#2/#01!#:'4$% /#*'(#! &3(+ 6#01!#7'4$,+% 7!#'*#

01!# 7' )+0+' &# '*# :'($'(%0!# e'5!( % 7!-# >0# +&# !+01!(# % # %3)+0# '(# % # !A$(!&&+' # '*# '$+ +' # ' # 01!# *+ % 7+%,#

&0%0!4! 0&#'*#01!#:'4$% /-#

#

> #'3(#'$+ +' #% )#0'#01!#2!&0#'*#'3(#+ *'(4%0+' #% )#!A$,% %0+' &#6+5! #0'#3&8#"!#7!(0+*/#01%0#01!#:'4$% /#1%&#

7'4$,+!)#"+01#01!#7' )+0+' &#'*#:'($'(%0!#e'5!( % 7!#%&#&0+$3,%0!)#+ #01!#%2'5!#4! 0+' !)#=+&0+ 6#S6(!!4! 0-#

#

j!# &0%0!# 01%0# + # (!&$!70# '*# + 5!&0'(# 6(+!5% 7!&# (!7!+5!)# )3(+ 6# 01!# /!%(# ! )!)# D%(71# f_8# \^_]8# '# + 5!&0'(#

6(+!5% 7!&# %(!# $! )+ 6# %6%+ &0# 01!# :'4$% /# %&# ' # S363&0# _]8# \^_]# %&# $!(# 01!# (!7'()&# 4%+ 0%+ !)# 2/# 01!#

:'4$% /#% )#$(!&! 0!)#0'#01!#<1%(!1',)!(b&R> 5!&0'(&b#e(+!5% 7!#:'44+00!!-#

#

j!#*3(01!(#&0%0!#01%0#&371#7'4$,+% 7!#+&# !+01!(#% #%&&3(% 7!#%&#0'#01!#*303(!#5+%2+,+0/#'*# 01!#:'4$% /# '(#01!#

!**+7+! 7/#'(#!**!70+5! !&&#"+01#"1+71#01!#D% %6!4! 0#1%&#7' )370!)#01!#%**%+(&#'*#01!#:'4$% /-# #

# # # #

# For: DMKH & CO.

# Chartered Accountants

Firm Reg. No! 116886W

#

# ######################################################

<)R9#

# Neha Chechani

Place: Mumbai OSJNEFJ###########

Date: 14th August, 2014 D!42!(&1+$#E'-#]_`k^]


#

ANNUAL REPORT

2013!14

27

#AUDITOR’S REPORT#

N'8#N1!# D!42!(&# '*# ROYAL INDIA CORPORATION

LIMITED##Report on the Financial Statements

j!#1%5!#%3)+0!)#01!#%77'4$% /+ 6#*+ % 7+%,#&0%0!4! 0&#'*# # @L01!#:'4$% /PB8#"1+71#7'4$(+&!#01!#T%,% 7!#<1!!0#%&# %0#D%(71# f_8# \^_]8# 01!# <0%0!4! 0# '*# O('*+0# % )# ='&&#% )#:%&1#C,'"#<0%0!4! 0#*'(#01!#/!%(#01! #! )!)8#% )#%#&344%(/# '*# &+6 +*+7% 0# %77'3 0+ 6# $',+7+!&# % )# '01!(#!A$,% %0'(/#+ *'(4%0+' -#

Management’s Responsibility for the Financial

Statements

D% %6!4! 0# +&# (!&$' &+2,!# *'(# 01!#$(!$%(%0+' #'*# 01!&!#*+ % 7+%,#&0%0!4! 0&#01%0#6+5!#%#0(3!#% )#*%+(#5+!"#'*#01!#*+ % 7+%,# $'&+0+' 8# *+ % 7+%,# $!(*'(4% 7!# % )# 7%&1# *,'"&#'*# 01!# :'4$% /# + # %77'()% 7!# "+01# 01!# S77'3 0+ 6#<0% )%()&#(!*!((!)#0'# + #&329&!70+' #@f:B#'*#&!70+' #\__#'*#01!#:'4$% +!&#S708#_`ga#@L01!#S70PB#(!%)#"+01#e! !(%,#:+(73,%(#_gR\^_f#)%0!)#_f01#<!$0!42!(#\^_f#% )#'*#01!#D+ +&0(/#'*#:'($'(%0!#%**%+(&#+ #(!&$!70#'*#<!70+' #_ff#'*#01!# :'4$% +!&# S70# \^_f# % )# + # %77'()% 7!# "+01# 01!#S77'3 0+ 6# O(+ 7+$%,# e! !(%,,/# S77!$0!)# + # > )+%# -# N1+&#(!&$' &+2+,+0/# + 7,3)!&# 01!# )!&+6 8# +4$,!4! 0%0+' # % )#4%+ 0! % 7!# '*# + 0!( %,# 7' 0(',# (!,!5% 0# 0'# 01!#$(!$%(%0+' #% )#$(!&! 0%0+' #'*#01!#*+ % 7+%,#&0%0!4! 0&#01%0#6+5!#%#0(3!#% )#*%+(#5+!"#% )#%(!#*(!!#*('4#4%0!(+%,#4+&&0%0!4! 08#"1!01!(#)3!#0'#*(%3)#'(#!(('(-#

Auditor’s Responsibility

K3(# (!&$' &+2+,+0/# +&# 0'# !A$(!&&# % # '$+ +' # ' # 01!&!#*+ % 7+%,# &0%0!4! 0&# 2%&!)# ' # '3(# %3)+0-#j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b&# l3)64! 08# + 7,3)+ 6# 01!# %&&!&&4! 0# '*# 01!#(+&?&# '*# 4%0!(+%,# 4+&&0%0!4! 0# '*# 01!# *+ % 7+%,#&0%0!4! 0&8# "1!01!(# )3!# 0'# *(%3)# '(# !(('(-# > # 4%?+ 6#01'&!# (+&?# %&&!&&4! 0&8# 01!# %3)+0'(# 7' &+)!(&# + 0!( %,#7' 0(',# (!,!5% 0# 0'# 01!# :'4$% /b&# $(!$%(%0+' # % )# *%+(#$(!&! 0%0+' # '*# 01!# *+ % 7+%,# &0%0!4! 0&# + # '()!(# 0'#)!&+6 # %3)+0# $('7!)3(!&# 01%0# %(!# %$$('$(+%0!# + # 01!#7+(734&0% 7!&-# S # %3)+0# %,&'# + 7,3)!&# !5%,3%0+ 6# 01!#%$$('$(+%0! !&&# '*# %77'3 0+ 6# $',+7+!&# 3&!)# % )# 01!#(!%&' %2,! !&&# '*# 01!# %77'3 0+ 6# !&0+4%0!&# 4%)!# 2/#4% %6!4! 08# %&# "!,,# %&# !5%,3%0+ 6# 01!# '5!(%,,#$(!&! 0%0+' #'*#01!#*+ % 7+%,#&0%0!4! 0&-##j!#2!,+!5!# 01%0# 01!# %3)+0# !5+)! 7!#"!#1%5!#'20%+ !)# +&#&3**+7+! 0#% )#%$$('$(+%0!#0'#$('5+)!#%#2%&+&#*'(#'3(#%3)+0#'$+ +' -#

Opinion.#> # '3(# '$+ +' 8# % )# 0'# 01!# 2!&0# '*# '3(# + *'(4%0+' # % )#

# %77'()+ 6# 0'# 01!# !A$,% %0+' # 6+5! # 0'# 3&8# 01!# *+ % 7+%,#&0%0!4! 0&# 6+5!# 01!# + *'(4%0+' # (!X3+(!)# 2/# 01!# %70# + #01!#4% !(#&'#(!X3+(!)#% )#6+5!#01!#0(3!#% )#6+5!#%#0(3!#% )# *%+(# 5+!"# + # 7' *'(4+0/# "+01# 01!# %77'3 0+ 6#$(+ 7+$,!&#6! !(%,,/#%77!$0!)#+ #> )+%Y##> #01!#7%&!#'*#01!#T%,% 7!#<1!!08#'*#01!#&0%0!#'*#%**%+(&#'*#01!#:'4$% /#%&#%0#f_&0#D%(718#\^_]o #> # 01!# 7%&!#'*# 01!# O('*+0# % )# ='&&#S77'3 08# '*# 01!# O('*+0#*'(#01!#/!%(#! )!)#' #01%0#)%0!o#% )

#> # 01!#7%&!#'*#01!#:%&1#C,'"#<0%0!4! 08#'*# 01!#7%&1#*,'"#*'(#01!#/!%(#! )!)#' #01%0#)%0!-

Report on Other Legal and Regulatory Requirements

_-# S&# (!X3+(!)# 2/# 01!# :'4$% +!&# @S3)+0'(b&# J!$'(0B#K()!(8# \^^f# @L01!# K()!(PB# +&&3!)# 2/# 01!# :! 0(%,#e'5!( 4! 0#'*# > )+%# + # 0!(4&#'*# &329&!70+' # @]SB#'*#&!70+' # \\k# '*# 01!# S708# "!# 6+5!# + # 01!# S !A3(!# %#&0%0!4! 0# ' # 01!# 4%00!(&# &$!7+*+!)# + # $%(%6(%$1&# ]#% )#g#'*#01!#K()!(-#

\-# S&# (!X3+(!)# 2/# &!70+' # \\k@fB# '*# 01!#S708#"!# (!$'(0#01%0Y#%B# j!# 1%5!# '20%+ !)# %,,# 01!# + *'(4%0+' # % )#

!A$,% %0+' &#"1+71# 0'# 01!#2!&0# '*# '3(#? '",!)6!#% )#2!,+!*#"!(!# !7!&&%(/# *'(# 01!#$3($'&!#'*#'3(#%3)+0o#

2B# > # '3(# '$+ +' # $('$!(# 2''?&# '*# %77'3 0# %&#(!X3+(!)#2/# ,%"#1%5!#2!! #?!$0#2/# 01!#:'4$% /#&'# *%(# %&# %$$!%(&# *('4# '3(# !A%4+ %0+' # '*# 01'&!#2''?&#

7B# N1!# T%,% 7!# <1!!08# <0%0!4! 0# '*# O('*+0# % )# ='&&8#% )# :%&1# C,'"# <0%0!4! 0# )!%,0# "+01# 2/# 01+&#J!$'(0# %(!# + # %6(!!4! 0# "+01# 01!# 2''?&# '*#%77'3 0-#

)B# > # '3(# '$+ +' 8# 01!# T%,% 7!# <1!!08# <0%0!4! 0# '*#O('*+0#% )#='&&8#% )#:%&1#C,'"#<0%0!4! 0#7'4$,/#"+01#01!#S77'3 0+ 6#<0% )%()&# '0+*+!)#3 )!(#01!#S70#(!%)#"+01#01!#e! !(%,#:+(73,%(#_gR\^_f#'*#01!#D+ +&0(/# '*# :'($'(%0!# S**%+(&# # + # # (!&$!70# '*#<!70+' #_ff#'*#01!#:'4$% +!&#S70#\^_f-#

!B# K # 01!# 2%&+&# '*# "(+00! # (!$(!&! 0%0+' &# (!7!+5!)#*('4# 01!# )+(!70'(&# %&# ' # D%(71# f_8# \^_]8# % )#0%?! #' #(!7'()#2/#01!#T'%()#'*#;+(!70'(&8# ' !#'*#01!#)+(!70'(&#+&#)+&X3%,+*+!)#%&#' #D%(71#f_8#\^_]8#*('4# 2!+ 6# %$$'+ 0!)# %&# %# )+(!70'(# + # 0!(4&# '*#7,%3&!#@6B#'*#&329&!70+' #@_B#'*#&!70+' #\k]#'*#01!#:'4$% +!&#S708#_`ga-#

For DMKH & Co-#:1%(0!(!)#S77'3 0% 0&#C+(4#J!6-#E'-#r#__ahhaj###<)R9#CA Neha Chechani

O%(0 !(#D-#E'-#]_`k^]#O,%7!#Y#D342%+-#;%0!#Y#\]01#D%/#\^_]#

#


#

ANNUAL REPORT

2013!14

28

ANNEXURE TO INDEPENDENT AUDITORS’ REPORT

Referred to in Paragraph 1 under the heading of “Report on other Legal and Regulatory Requirements” of

our report of even date

#

K # 01!# 2%&+&# '*# &371# 71!7?&# %&# "!# 7' &+)!(!)#%$$('$(+%0!# % )# + # 0!(4&# '*# 01!# + *'(4%0+' # % )#!A$,% %0+' &#6+5! #0'#3&8#"!#&0%0!#01%0Y#9##+-# %B# N1!# :'4$% /# 1%&# 6! !(%,,/# 4%+ 0%+ !)# $('$!(#

(!7'()&# &1'"+ 6# *3,,# $%(0+73,%(&8# + 7,3)+ 6#X3% 0+0%0+5!#)!0%+,&#% )#&+03%0+' #'*#*+A!)#%&&!0&-#

## 2B#j!# 1%5!# 2!! # + *'(4!)# 01%0# 01!# *+A!)# %&&!0&# '*#

01!# :'4$% /# 1%5!# 2!! # $1/&+7%,,/# 5!(+*+!)# 2/#01!#4% %6!4! 0#)3(+ 6#01!#/!%(#% )# '#4%0!(+%,#)+&7(!$% 7+!&# 1%5!# 2!! # '0+7!)# ' # &371#5!(+*+7%0+' -#

## 7B##S77'()+ 6# 0'# 01!# + *'(4%0+' # U# !A$,% %0+' #

6+5! #0'#3&8#01!#:'4$% /#1%&# '0#)+&$'&!)#'*#% /#&32&0% 0+%,# $%(0# '*# +0&# *+A!)# %&&!0&# )3(+ 6# 01!#/!%(-#

#++-#%B# S&# !A$,%+ !)# 0'# 3&8# + 5! 0'(+!&# 1%5!# 2!! #

$1/&+7%,,/# 5!(+*+!)# 2/# 01!# 4% %6!4! 0# )3(+ 6#01!# /!%(-# > # '3(# '$+ +' 8# 01!# *(!X3! 7/# '*#5!(+*+7%0+' #+&#(!%&' %2,!-#

## 2B# > #'3(#'$+ +' #% )#%77'()+ 6#0'#01!#+ *'(4%0+' #

% )# !A$,% %0+' # 6+5! # 0'# 3&8# 01!# $('7!)3(!# '*#$1/&+7%,#5!(+*+7%0+' #'*#> 5! 0'(+!&#(!*!((!)#0'#+ #\@%B# %2'5!# *',,'"!)# 2/# 01!# 4% %6!4! 08# %(!#(!%&' %2,!#% )#%)!X3%0!#+ #(!,%0+' #0'#01!#&+[!#'*#01!#:'4$% /#% )#01!# %03(!#'*#+0&#23&+ !&&-#

## 7B# > #'3(#'$+ +' #% )#%77'()+ 6#0'# 01!# + *'(4%0+' #

% )# !A$,% %0+' # 6+5! # 0'# 3&8# 01!# 7'4$% /# 1%&#4%+ 0%+ !)#$('$!(#(!7'()&#'*#+ 5! 0'(+!&-#S&#$!(#01!# + *'(4%0+' # % )# !A$,% %0+' #$('5+)!)# 0'# 3&#% )#1%5+ 6#(!6%()#0'#01!#&+[!#'*#01!#7'4$% /8# '#4%0!(+%,#)+&7(!$% 7+!&#"!(!# '0+7!)#' #$1/&+7%,#5!(+*+7%0+' # '*# + 5! 0'(/# %&# 7'4$%(!)# 0'# 2''?#(!7'()&-#

#+++-# %B# S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#

6+5! #0'#3&#% )#' #01!#2%&+&#'*#'3(#!A%4+ %0+' #'*# 01!# 2''?&# '*# %77'3 08# 01!# 7'4$% /# 1%&# '0#6(% 0!)# % /# + 0!(!&0# *(!!# ,'% # 0'# # # # $%(0+!&#7'5!(!)#+ #01!#J!6+&0!(#4%+ 0%+ !)#3 )!(#&!70+' #f^_#'*#01!#:'4$% +!&8#S70#_`ga-#S77'()+ 6,/8#01!#7,%3&!#@+++B@2B8#@+++B#@7B#% )#@+++B#@)B#'*#$%(%6(%$1#]#'*# 01!# '()!(# %(!# '0# %$$,+7%2,!# 0'# 01!# 7'4$% /#*'(#01!#/!%(-#

## 2B#N1!#:'4$% /#1%&# '0#0%?! #% /#,'% &8#&!73(!)#'(#

3 &!73(!)8# *('4# 7'4$% +!&8# *+(4&# '(# '01!(#$%(0+!&# ,+&0!)# + # 01!# (!6+&0!(# 4%+ 0%+ !)# 3 )!(#&!70+' # f^_# '*# 01!# :'4$% +!&# S708#_`ga-S77'()+ 6,/8#01!#7,%3&!#@+++B#@*B#% )#@+++B#@6B##

'*#$%(%6(%$1#]#'*# 01!#'()!(#%(!# '0#%$$,+7%2,!#0'#01!#7'4$% /#*'(#01!#/!%(-##

+5-## > # '3(# '$+ +' # % )# %77'()+ 6# 0'# 01!# + *'(4%0+' #% )# !A$,% %0+' &# 6+5! # 0'# 3&# 01!(!# %(!# %)!X3%0!#+ 0!( %,# 7' 0(',# $('7!)3(!&# 7'44! &3(%0!# "+01#01!# &+[!# '*# 01!# :'4$% /# % )# 01!# %03(!# '*# +0&#23&+ !&&# "+01# (!6%()&# 0'# 01!# $3(71%&!# '*#+ 5! 0'(/8# *+A!)# %&&!0&# % )# &%,!# '*# 6'')&-;3(+ 6#01!# 7'3(&!# '*# '3(# %3)+08# "!# 1%5!# !+01!(# 7'4!#%7('&&# '(#1%5!#2!! #+ *'(4!)#'*#% /#7' 0+ 3+ 6#*%+,3(!# 0'# 7'((!70# 4%l'(# "!%? !&&!&# + # 01!#%*'(!&%+)#+ 0!( %,#7' 0(',#&/&0!4-#

#5-## > # (!&$!70# '*# 0(% &%70+' &# 7'5!(!)#3 )!(# &!70+' #

f^_# '*# 01!# :'4$% +!&# S708# _`ga-# > # '3(# '$+ +' #% )# %77'()+ 6# 0'# 01!# + *'(4%0+' # 6+5! # 0'# 3&8#01!(!#%(!# '#&371#0(% &%70+' &#4%)!#+ #$3(&3% 7!#'*# 7' 0(%70&# '(# %((% 6!4! 0&# 01%0# !!)!)# 0'# 2!#! 0!(!)# + 0'# + # 01!# (!6+&0!(# 4%+ 0%+ !)# 3 )!(#&!70+' # f^_# '*# 01!# :'4$% +!&# S708# _`ga8# 1! 7!#O%(%# @2B# '*# 01!# 7,%3&!# ]# @5B# '*# 01!# '()!(# +&# '0#%$$,+7%2,!#0'#01!#7'4$% /-#

#5+-## N1!# :'4$% /# 1%&# '0# %77!$0!)# % /# )!$'&+0&#

)3(+ 6# 01!# /!%(# 3 )!(# 01!# $('5+&+' &# '*# &!70+' #ghS# % )# ghSS# '*# 01!# :'4$% +!&# S708# _`ga8# % )#01!#(3,!&#*(%4!)#01!(!#3 )!(#%(!# '0#%$$,+7%2,!-#

#5++-# S&# !A$,%+ !)# 0'# 3&8# 01!(!# +&# %)!X3%0!# *'(4%,#

+ 0!( %,#%3)+0#&/&0!4-#N1!#:'4$% /#1%&#%)!X3%0!#+ 0!( %,# 7' 0(',# $('7!)3(!# + 5',5+ 6# + 0!( %,#71!7?+ 6#'*#+0&#*+ % 7+%,#(!7'()-#

#5+++-# S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' #

6+5! # 0'# 3&8# 01!# :! 0(%,# e'5!( 4! 0# 1%&# '0#$(!&7(+2!)# 4%+ 0! % 7!# '*# 7'&0# (!7'()&# 3 )!(#<!70+' #\^`#@_B@)B#'*#01!#:'4$% +!&#S708#_`ga#*'(#01!#:'4$% /-#

#In Respect of statutory dues :

%B# S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' #6+5! # 0'# 3&# 01!# :'4$% /# +&# 6! !(%,,/# (!63,%(# + #)!$'&+0+ 6# "+01# %$$('$(+%0!# %301'(+0+!&#3 )+&$30!)# &0%030'(/# )3!&# + 7,3)+ 6# + 7'4!# 0%A8#&%,!&# 0%A8# "!%,01# 0%A8# &!(5+7!# 0%A8# 73&0'4&# )30/8#!A7+&!# )30/8# 7!&&# % )# '01!(# 4%0!(+%,# &0%030'(/#)3!&#%$$,+7%2,!-#

#2B# K #01!#2%&+&#'*#'3(#!A%4+ %0+' #'*#)'734! 0&#% )#

(!7'()&# '*# 01!# :'4$% /8# % )# !A$,% %0+' #$('5+)!)# 0'# 3&8# 01!(!# "!(!# '# )+&$30!)# )3!&# + #(!&$!70# '*# > 7'4!# N%A8# <%,!&# N%A8# j!%,01# N%A8#<!(5+7!# N%A8# :3&0'4# ;30/8# FA7+&!# ;30/# '(# :!&&8#'01!(#01% #01!#*',,'"+ 6Y#

#


#

ANNUAL REPORT

2013!14

29

Name of the

Statute Nature of the Dues Amount Disputed `

Year to which

amount related

Forum which

Dispute is pending

> 7'4!#N%A#S708#_`a_#

> 7'4!#N%A#% )#> 0!(!&0#01!(!' #

@<32&0% 0+5!#S))+0+' B`8kk8^\8\ghR9# S-#Q-#\^_^9__#

:'44+&&+' !(#'*#> 7'4!#N%A#@S$$!%,B#

T'42%/#<0%4$#S708#_`gh#

<0%4$#;30/# f^8kg8]`\R9# C-Q-#\^_^9__#;/-#<3$!(+ 0! )% 0#'*#

<0%4$&#

#

A-## N1!# :'4$% /# )'!&# '0# 1%5!# % /# %77343,%0!)#,'&&# % )# 1%&# '0# + 73((!)# 7%&1# ,'&&# )3(+ 6# 01!#*+ % 7+%,# /!%(# 7'5!(!)# 2/# '3(# %3)+0# % )# + # 01!#+44!)+%0!,/#$(!7!)+ 6#*+ % 7+%,#/!%(-#

A+-## T%&!)#' #'3(#!A%4+ %0+' #'(#01!#(!7'()&#% )#01!#+ *'(4%0+' # % )# !A$,% %0+' &# 6+5! # 0'# 3&8# 01!#:'4$% /#1%&# '0#)!*%3,0!)#+ #(!$%/4! 0#'*#)3!&#0'# %# *+ % 7+%,# + &0+030+' 8# 2% ?# '(# )!2! 03(!#1',)!(&-#

A++-# T%&!)#' #'3(#!A%4+ %0+' #'(#01!#(!7'()&#% )#01!#+ *'(4%0+' # % )# !A$,% %0+' &# 6+5! # 0'# 3&8# 01!#:'4$% /# 1%&# '0# 6(% 0!)# % /# ,'% &# % )#%)5% 7!&# ' # 01!# 2%&+&# '*# &!73(+0/# 2/# "%/# '*#$,!)6!# '*# &1%(!&8# )!2! 03(!&# % )# '01!(#&!73(+0+!&-#

#A+++- > #'3(#'$+ +' #% )#%77'()+ 6#0'#01!#+ *'(4%0+' #

% )#!A$,% %0+' #6+5! #0'#3&8#01!#:'4$% /#+&# '0#%# 71+0# *3 )# '(# %# +)1+R4303%,# 2! !*+0#*3 )R&'7+!0/-# S77'()+ 6,/# 01!# $('5+&+' &# '*# 01!#7,%3&!#]@A+++B#'*#01!#&%+)#'()!(#%(!# '0#%$$,+7%2,!#0'#01!#:'4$% /-#

A+5- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#6+5! # 0'# 3&8# 01!# :'4$% /# +&# '0# )!%,+ 6# + # '(#0(%)+ 6# + # &1%(!&8# &!73(+0+!&8# )!2! 03(!&# % )#'01!(# + 5!&04! 0&-# N1!(!*'(!8# 01!# $('5+&+' &# '*#7,%3&!#]@A+5B#'*#01!#:'4$% +!&#@S3)+0'(&#J!$'(0B#K()!(8#\^^f#%(!# '0#%$$,+7%2,!#0'#01!#:'4$% /o#

A5- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#6+5! # 0'# 3&8# 01!# :'4$% /# 1%&# '0# 6+5! # % /#63%(% 0!!#*'(#,'% &#0%?! #2/#'01!(&#*('4#2% ?#'(#*+ % 7+%,#+ &0+030+' &-#

A5+- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' #6+5! # % )# 2%&!)# ' # 01!# )'734! 0&# % )# (!7'()&#$(')37!)8# 01!# 7'4$% /#1%&# '0# 0%?! # % /# 0!(4#,'% #*'(#01!#$!(+')-#

#A5++- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#

6+5! #0'#3&#% )#' #% #'5!(%,,#!A%4+ %0+' #'*#01!#T%,% 7!# <1!!0# '*# 01!# :'4$% /8# + # '3(# '$+ +' #01%0# '#*3 )&#(%+&!)#' #%#&1'(090!(4#2%&+&#"1+71#1%5!#2!! #3&!)#*'(#,' 6#0!(4#+ 5!&04! 0-#

A5+++- N1!# :'4$% /# 1%&# '0# 4%)!# % /# $(!*!(! 0+%,#%,,'04! 0# '*# &1%(!&# 0'# $%(0+!&# % )# 7'4$% +!&#7'5!(!)#+ #01!#(!6+&0!(#4%+ 0%+ !)#3 )!(#<!70+' #f^_#'*#01!#:'4$% +!&#S708#_`ga#)3(+ 6#01!#/!%(-#

A+A- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#

6+5! # 0'# 3&8# 01!# :'4$% /# 1%&# '# '30&0% )+ 6#)!2! 03(!&#)3(+ 6#01!#$!(+')#3 )!(#%3)+0-##

AA- S77'()+ 6# 0'# 01!# + *'(4%0+' # % )# !A$,% %0+' &#6+5! # 0'# 3&8# 01!# :'4$% /# 1%&# '0# (%+&!)# % /#4' !/#2/#"%/#'*#$32,+7#+&&3!#)3(+ 6#01!#/!%(#% )#%77'()+ 6,/#01!#$('5+&+' #'*#01!#(!,!5% 0#7,%3&!#'*#01!#'()!(#+&# '0#%$$,+7%2,!#0'#01!#:'4$% /-#

#AA+- T%&!)# 3$' # 01!# %3)+0# $('7!)3(!&# $!(*'(4!)# *'(#

01!#$3($'&!#'*#(!$'(0+ 6#01!#0(3!#% )#*%+(#5+!"#'*#01!# *+ % 7+%,# &0%0!4! 0&# % )# %&# $!(# 01!#+ *'(4%0+' # % )# !A$,% %0+' &# 6+5! # 2/# 01!#4% %6!4! 08#"!#(!$'(0#01%0# '#*(%3)#' #'(#2/#01!#:'4$% /#1%&#2!! # '0+7!)#'(#(!$'(0!)#)3(+ 6#01!#7'3(&!#'*#'3(#%3)+0-#

For DMKH & Co-#:1%(0!(!)#S77'3 0% 0&#C+(4#J!6-#E'-#r#__ahhaj###<)R9#CA Neha Chechani

O%(0 !(#D-#E'-#]_`k^]#O,%7!#Y#D342%+-#;%0!#Y#\]01#D%/#\^_]#


#

ANNUAL REPORT

2013!14

30

BALANCE SHEET

As at 31st March, 2014

Particulars Note No. As at

31st March, 2014

As at

31st March, 2013

### ` `

I. EQUITY AND LIABILITIES ## #

(1) Shareholder's Funds ## #

@%B#<1%(!#:%$+0%,# _# #############\f^8h^^8^^^## #############\f^8h^^8^^^#

@2B#J!&!(5!&#% )#<3($,3&# \# #############_fk8]_]8k_`## #############_fg8h`^8``g### ## ##

(2) Share Application money pending allotment #################################9### ################################9 #### ## ##

(3) Non!Current Liabilities ## #

@%B#=' 69N!(4#T'(('"+ 6&# f# ###############gh8\f_8^^^## #################_8h^^8^^^#

@2B#;!*!((!)#N%A#=+%2+,+0+!&#@E!0B# #################################9### #######################]a8\]_#

@7B#=' 6#N!(4#O('5+&+' &# ]# ##################_8_f^8^`a## #################g8k\_8hg\### ## ##

(4) Current Liabilities ## #

@%B#N(%)!#O%/%2,!&# g# #############_aa8f]a8gh\## #############gg^8]kf8a``#

@2B#K01!(#:3((! 0#=+%2+,+0+!&# a# #####################a_g8`ka## #####################a\^8ak`#

@2B#<1'(0#N!(4#O('5+&+' &# #################################9### ################################9 ##

Total Equity & Liabilities 594,538,373 925,353,466

## ##

II.ASSETS

(1) Non!Current Assets ## #

(a) Fixed Assets k# ## #

########N% 6+2,!#S&&!0&# ##################_8\f_8f\]## #################_8afg8_^_#

@2B#E' 973((! 0#+ 5!&04! 0&# #################################9### ################################9 ##

@7#B#;!**!(!)#N%A#S&&!0# ##########################`8akg## ################################9 ##

@7B#=' 6#0!(4#,'% &#% )#%)5% 7!&# h# ###############_f8^kk8g`]## ###############f^8_h]8g\^#

@)B#K01!(# ' 973((! 0#%&&!0# `# #####################_\_8]k^## #####################fh^8f^f### ## ##

(2) Current Assets ## #

@%B#> 5! 0'(+!&# _^# ###############h`8\]\8\_g## ###############ha8___8gh^#

@2B#N(%)!#(!7!+5%2,!&# __# #############]h`8f\]8`\f## #############h^g8`kf8`^k#

@7B#:%&1#% )#7%&1#!X3+5%,! 0&# _\# ##################_8gf_8_k\## #################_8^ah8^gg### ## ##

Total Assets 594,538,373 925,353,466

The accompanying notes are an integral part of the financial statements.

For DMKH & Co. For and on behalf of Board of Directors

:1%(0!(!)#S77'3 0% 0&# #

C+(4#J!6-#E'-#__ahhaj# #

# <)R9 <)R9#

# Manish Shah Hitesh Jain

# D% %6+ 6#;+(!70'( j1',!90+4!9;+(!70'(

<)R9# @;>E#Y#^_`gfkk\B @;>E#Y#^g\af_\^B

CA Neha Chechani

O%(0 !(# <)R9

D!42!(&1+$#E'-#]_`k^]# Siddhi Patil

\]01#D%/#\^_]8#D342%+-# :'4$% /#<!7(!0%(/


#

ANNUAL REPORT

2013!14

31

STATEMENT OF PROFIT AND LOSS

For the year ended 31st March, 2014

Sr.

No Particulars

Note

No.

Figures as at the

end of current

reporting period

Figures as at the

end of previous

reporting period

>-# Income: ## ## #### ##

J!5! 3!#*('4#'$!(%0+' &# _f# #######_8f_g8g`]8`ka## ########_8_^]8k]k8_]_##

K01!(#> 7'4!# _]# ##################]^`8_`^## ###################]_h8faa##

Total Revenue ## 1,316,004,166 1,105,165,507

II. Expenses: ## ## ## ## ##

:'&0#'*#e'')&#<',)# _g# #######_8f^k8gh^8_ha## ########_8_^^8\\_8ak\##

:' &34%2,!&# ## ##############################9#### ######################_]8kk`##

F4$,'/!!#T! !*+0#FA$! &!# _a# ###############_8^_g8\^^## ################_8gf\8g]^##

C+ % 7+%,#:'&0&# _k# kf8k\h## ######################gk8]`f##

;!$(!7+%0+' #% )#S4'(0+[%0+' #FA$! &!# k# ##################]^f8kkk## ###################]_f8_h_##

K01!(#S)4+ +&0(%0+5!#FA$! &!&# _h# ###############g8fak8hfg## ################\8]^g8ak\##

Total Expenses ## 1,314,440,726 1,104,645,337

III O('*+0#2!*'(!#!A7!$0+' %,#% )#!A0(%'()+ %(/#+0!4&#% )#0%A#@>9>>B#

## 1,563,440 520,170

## ##

IV FA7!$0+' %,#>0!4&# ## ##############################9#### ###############################9#### ## ## ## ##

V O('*+0#2!*'(!#!A0(%'()+ %(/#+0!4&#% )#0%A#@>>>9>GB# ## 1,563,440 520,170

## ## ## ##

VI FA0(%'()+ %(/#>0!4&# ## ##############################9#### ###############################9#### ## ## ## ##

VII O('*+0#2!*'(!#0%A#@G#9#G>B# ## 1,563,440 520,170

## ## ## ##

VIII Tax expense: ## ## ##

#@_B#:3((! 0#0%A# ## 9gf`^_`# ###################_k\8^ag##

#@\B#;!*!((!)#0%A# ## gg8`_a## @g]8hakB

#@fB#O(!5+'3&#Q!%(&#S)l3&04! 0&# \^# ]]ffhk# ^#

IX O('*+0@='&&B#2!*'(!#$(+'(#$!(+')#>0!4# ## 1,523,724 402,972

## ## ## ##

X T%&+7#% )#;+,30!)#F%( + 6#O!(#<1%(!# ## #########################^-^k## ##########################^-^\## ## ## ## ##

XI O('*+0#% )#='&&#*'(#01!#/!%(# ## 1,523,724 402,972.00

The accompanying notes are an integral part of the financial statements.


:1%(0!(!)#S77'3 0% 0&# #

C+(4#J!6-#E'-#__ahhaj# #

# <)R9 <)R9#


# D% %6+ 6#;+(!70'( j1',!90+4!9;+(!70'(

<)R9# @;>E#Y#^_`gfkk\B @;>E#Y#^g\af_\^B

CA Neha Chechani #

O%(0 !(# <)R9 #


\]01#D%/#\^_]8#D342%+-# :'4$% /#<!7(!0%(/


#

ANNUAL REPORT

2013!14

32

CASH FLOW STATEMENT

For the year ended 31st March, 2014#

Particulars

As at

31st March, 2014

As at

31st March, 2013

## ## ##

A. Cash Flow from Operating Activities ## #

## E!0#$('*+0#2!*'(!#N%A#%&#$!(#O('*+0#U#='&&#S77'3 0# _8gaf8]]^## g\^8_k^#

## S)l3&0!)#*'(Y# ## #

## > 0!(!&0#J!7!+5!)# @]^`8_`^B# @]_hfaaB

## ;!$(!7+%0+' # ]^f8kkk## ]_f8_h_#

## <3 )(/#FA$-#jR'**# _8à`8`gk## 9 ##

## <1%(!#>&&3!#FA$! &!&#"(+00! #'**# \gh8hff## \gh8hf]#

## Operating Profit before Working Capital Changes f8kha8h_k## kkf8h_`#

## S)l3&0!)#*'(Y# ## #

## @> 7(!%&!BR#;!7(!%&!#+ #> 5! 0'(+!&# @f8_f^8afgB# @_8h\_8gh^B

## @> 7(!%&!BR#;!7(!%&!#+ #O('5+&+' # ^## ###################################9 ##

## @> 7(!%&!BR#;!7(!%&!#+ #N(%)!#(!7!+5%2,!&# f_a8a]h8`h]## @]fa8\^]8fk`B

## > 7(!%&!R#@;!7(!%&!B#+ #N(%)!#O%/%2,!&# @fh]8_\k8__kB# ff]8h\h8_hg#

## > 7(!%&!R#@;!7(!%&!B#+ #K01!(#:3((! 0#=+%2+,+0+!&# @]8k^fB# @\h8h]]B

## @k^8a_f8]k_B# @_^f8\\a8a_hB

## =!&&Y#N%A!&#O%+)# @\_8`kkB# @_k\âgB

## Cash Flow from Operating Activities (A) @aa8h]h8af_B# @_^\8a\]8ha]B## ## ##

B. Cash Flow from Investing Activities ## ### ##

## <%,!R@O3(71%&!B#'*#> 5!&04! 0# 9### 9 #### ##

## Net Cash used in Investing Activities (B) 9### 9 #### ## ##

C. Cash Flow from Financing Activities ## #

## > 0!(!&0#J!7!+5!)# ]^`8_`^## ]_h8faa#

## J!$%/4! 0RJ!7!+5!)#'*#,' 6#0!(4#,'% &#U#%)5% 7!&# _^8]k_8ggh## _^f8^_k8af\#

## =' 6#0!(4#T'(('"+ 6&# ga8]f_8^^^## 9 ##

## Net Cash used in Financing Activities (C) ak8f__8k]h## _^f8]fg8``h###

## ##

## Opening Balance of Cash and Cash Equivalents _8âh8^gg## \ga8`\\###

## ##

## E!0##> 7(!%&!Ru;!7(!%&!v#+ #:%&1#% )#:%&1#FX3+5%,! 0&#uS#w#T#w#:v ]af8__k## h__8_f]### ## ##

## Closing Balance of Cash and Cash Equivalents _8gf_8_k\## _8âh8^gg### ## ## ##


:1%(0!(!)#S77'3 0% 0&# #

C+(4#J!6-#E'-#__ahhaj# #

# <)R9 <)R9#


# D% %6+ 6#;+(!70'( j1',!90+4!9;+(!70'(

<)R9# @;>E#Y#^_`gfkk\B @;>E#Y#^g\af_\^B

CA Neha Chechani #

O%(0 !(# <)R9 #


\]01#D%/#\^_]8#D342%+-# :'4$% /#<!7(!0%(/


#

ANNUAL REPORT

2013!14

33

NOTES TO FINANCIAL STATEMENT


1 Corporate information

J'/%,#> )+%#:'($'(%0+' #=+4+0!)#+&#! 6%6!)#+ #01!#23&+ !&&#'*#T3,,+' 8#J!%,#F&0%0!#% )#> 5!&04! 0&-#

##

2 Significant accounting policies

2.1 Basis of accounting and preparation of financial statements

N1!#*+ % 7+%,#&0%0!4! 0&#'*#01!#:'4$% /#1%5!#2!! #$(!$%(!)#+ #%77'()% 7!#"+01#01!#e! !(%,,/#S77!$0!)#S77'3 0+ 6#O(+ 7+$,!&#+ #> )+%#@> )+% #eSSOB#0'#7'4$,/#"+01#01!#S77'3 0+ 6#<0% )%()&# '0+*+!)#3 )!(#01!#:'4$% +!&# @S77'3 0+ 6# <0% )%()&B# J3,!&8# \^^a# @%&# %4! )!)B# % )# 01!# (!,!5% 0# $('5+&+' &# '*# 01!#:'4$% +!&#S708#_`ga-##N1!#*+ % 7+%,#&0%0!4! 0&#1%5!#2!! #$(!$%(!)#' #%77(3%,#2%&+&#3 )!(#01!#1+&0'(+7%,#7'&0# 7' 5! 0+' -# N1!# %77'3 0+ 6# $',+7+!&# %)'$0!)# + # 01!# $(!$%(%0+' # '*# 01!# *+ % 7+%,# &0%0!4! 0&# %(!#7' &+&0! 0#"+01#01'&!#*',,'"!)#+ #01!#$(!5+'3&#/!%(-###

##

2.2 Use of estimates

##

N1!#$(!$%(%0+' ##'*#01!#*+ % 7+%,#&0%0!4! 0&#+ #7' *'(4+0/#"+01##> )+% #eSSO##(!X3+(!&#01!#D% %6!4! 0#0'#4%?!#!&0+4%0!&#% )#%&&34$0+' &#7' &+)!(!)#+ #01!#(!$'(0!)#%4'3 0&#'*#%&&!0&#% )#,+%2+,+0+!&#@+ 7,3)+ 6#7' 0+ 6! 0#,+%2+,+0+!&B#% )#01!#(!$'(0!)#+ 7'4!#% )#!A$! &!&#)3(+ 6#01!#/!%(-##N1!#D% %6!4! 0#2!,+!5!&#01%0# 01!# !&0+4%0!&# 3&!)# + #$(!$%(%0+' # '*# 01!# *+ % 7+%,# &0%0!4! 0&# %(!# $(3)! 0# % )# (!%&' %2,!-# # C303(!#(!&3,0&# 7'3,)# )+**!(# )3!# 0'# 01!&!# !&0+4%0!&# % )# 01!# )+**!(! 7!&# 2!0"!! # 01!# %703%,# (!&3,0&# % )# 01!#!&0+4%0!&#%(!#(!7'6 +&!)#+ #01!#$!(+')&#+ #"1+71#01!#(!&3,0&#%(!#? '" #R#4%0!(+%,+&!-#

##

2.3 Inventories

##

> 5! 0'(+!&#%(!#5%,3!)#%0#01!#,'"!(#'*#7'&0#@' #C>CK#2%&+&B#% )#01! !0#(!%,+&%2,!#5%,3!#%*0!(#$('5+)+ 6#*'(#'2&',!&7! 7!#% )#'01!(#,'&&!&8#"1!(!#7' &+)!(!)# !7!&&%(/-#

##

2.4 Cash and cash equivalents (for purposes of Cash Flow Statement)

##

:%&1#7'4$(+&!&#7%&1#' #1% )#% )#)!4% )#)!$'&+0&#"+01#2% ?&-#:%&1#!X3+5%,! 0&#%(!#&1'(090!(4#2%,% 7!&#@"+01#% #'(+6+ %,#4%03(+0/#'*#01(!!#4' 01&#'(#,!&&#*('4#01!#)%0!#'*#%7X3+&+0+' B8#1+61,/#,+X3+)#+ 5!&04! 0&#01%0# %(!# (!%)+,/# 7' 5!(0+2,!# + 0'# ? '" # %4'3 0&# '*# 7%&1# % )#"1+71# %(!# &32l!70# 0'# + &+6 +*+7% 0# (+&?# '*#71% 6!&#+ #5%,3!-##

##

2.5 Cash flow statement

##

:%&1#*,'"&#%(!#(!$'(0!)#3&+ 6#01!#+ )+(!70#4!01')8#"1!(!2/#$('*+0#R#@,'&&B#2!*'(!#!A0(%'()+ %(/#+0!4&#% )#0%A#+&#%)l3&0!)#*'(#01!#!**!70&#'*#0(% &%70+' &#'*# ' 97%&1# %03(!#% )#% /#)!*!((%,&#'(#%77(3%,&#'*#$%&0#'(#*303(!#7%&1#(!7!+$0&#'(#$%/4! 0&-#N1!#7%&1#*,'"&#*('4#'$!(%0+ 68#+ 5!&0+ 6#% )#*+ % 7+ 6#%70+5+0+!&#'*#01!#:'4$% /#%(!#&!6(!6%0!)#2%&!)#' #01!#%5%+,%2,!#+ *'(4%0+' -#

2.6 Depreciation and amortisation

##

;!$(!7+%0+' #1%&#2!! #$('5+)!)#' #01!#&0(%+6109,+ !#4!01')#%&#$!(#01!#(%0!&#$(!&7(+2!)#+ #<71!)3,!#i>G#0'#01!#:'4$% +!&#S708#_`ga#!A7!$0#+ #(!&$!70#'*#01!#*',,'"+ 6#7%0!6'(+!&#'*#%&&!0&8#+ #"1'&!#7%&!#01!#,+*!#'*#01!#%&&!0&#1%&#2!! #%&&!&&!)#%&#3 )!(Y#

G!1+7,!&#9#]#/!%(&#

:'4$30!(&#% )#)%0%#$('7!&&+ 6#!X3+$4! 0&#9#]#/!%(&#

S&&!0&#7'&0+ 6#,!&&#01% #`#g8^^^#!%71#%(!#*3,,/#)!$(!7+%0!)#+ #01!#/!%(#'*#7%$+0%,+[%0+' -#


#

ANNUAL REPORT

2013!14

34



2.7 Revenue recognition

S,,# + 7'4!&# % )# !A$! )+03(!# %(!# (!7'6 +&!)# %&# $!(# mS77'3 0+ 6# <0% )%()9`m# %77'3 0!)# ' # %77(3%,# 2%&+&#!A7!$0#"1!(!#&0%0!)#'01!("+&!-##

##

2.8 Fixed Assets

C+A!)# %&&!0&# %(!# &0%0!)# %0# 7'&0# '*# %7X3+&+0+' # !0# '*# %77343,%0!)# )!$(7+%0+' -# S,,# 7'&0# (!,%0+ 6# 0'# 01!#%7X3+&+0+' #% )#+ &0%,,%0+' #'*#*+A!)#%&&!0&#%(!#7%$+0%,+[!)#% )#+ 7,3)!&#2'(('"+ 6#7'&0#)+(!70,/#%00(+230%2,!#0'#7'4$% /-#

2.9 Employee benefits

+-#O-C#% )#F-<->-:#<71!4!#+&# '0#%$$,+7%2,!#0'#01!#7'4$% /-##

++-#e(%03+0/#+&#%77'3 0!)#%&#% )#"1! #+0#2!7'4!&#)3!-#

##

2.10 Segment reporting

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

2.11 Borrowing Cost

T'(('"+ 6# 7'&0&# )+(!70,/# %00(+230%2,!# 0'# 01!# %7X3+&+0+' # % )# 7' &0(370+' # '*# X3%,+*/+ 6# *+A!)# %&&!0&# %(!#7%$+0%,+[!)#%&#$%(0#'*#01!#7'&0#'*#01!#%&&!0&8#3$#0'#01!#)%0!#01!#%&&!0#+&#$30#0'#3&!-#K01!(#2'(('"+ 6#7'&0&#%(!#71%(6!)#0'#01!#O('*+0#% )#='&&#S77'3 0-#

##

2.13 Taxes on income

##

:3((! 0#N%A#+&#)!0!(4+ !)#%&#01!#0%A#$%/%2,!#+ #(!&$!70#'*#0%A%2,!#+ 7'4!#*'(#01!#/!%(8#+*#% /-#;!*!((!)#0%A#*'(# 01!# /!%(# +&# (!7'6 +&!)# ' # 0+4+ 6# )+**!(! 7!o# 2!+ 6# 01!# )+**!(! 7!# 2!0"!! # 0%A%2,!# + 7'4!&# % )#%7'3 0+ 6# + 7'4!# 01%0# '(+6+ %0!# + # ' !# $!(+')# % )# %(!# 7%$%2,!# '*# (!5!(&%,# + # ' !# '(#4'(!# &32&!X3! 0#$!(+')&-#;!*!((!)#N%A#S&&!0&#% )#=+%2+,+0+!&#%(!#4!%&3(!)#3&+ 6#01!#0%A#(%0!&#% )#0%A#,%"&#01%0#1%5!#2!! #! %70!)# '(# &32&0% 0+5!,/# ! %70!)# 2/# 01!# T%,% 7!# <1!!0# )%0!-# ;!*!((!)# N%A# S&&!0&# %(!# (!7'6 +&!)# % )#7%((+!)#*'("%()#' ,/#+*#01!(!#+&#%#(!%&' %2,!R5+(03%,#7!(0%+ +0/#'*#(!%,+&%0+' -#

:3((! 0#% )#)!*!((!)#0%A#(!,%0+ 6#0'#+0!4&#)+(!70,/#(!7'6 +&!)#+ #!X3+0/#%(!#(!7'6 +&!)#+ #!X3+0/#% )# '0#+ #01!#<0%0!4! 0#'*#O('*+0#% )#='&&-#


#

ANNUAL REPORT

2013!14

35



2.14 Provisions and contingencies

##

S#$('5+&+' #+&#(!7'6 +&!)#"1! #01!#:'4$% /#1%&#%#$(!&! 0#'2,+6%0+' #%&#%#(!&3,0#'*#$%&0#!5! 0&#% )#+0#+&#$('2%2,!#01%0#% #'30*,'"#'*#(!&'3(7!&#"+,,#2!#(!X3+(!)#0'#&!00,!#01!#'2,+6%0+' #+ #(!&$!70#'*#"1+71#%#(!,+%2,!#!&0+4%0!#7% #2!#4%)!-#O('5+&+' &#@!A7,3)+ 6#(!0+(!4! 0#2! !*+0&B#%(!# '0#)+&7'3 0!)#0'#01!+(#$(!&! 0#5%,3!#% )#%(!#)!0!(4+ !)#2%&!)#' #01!#2!&0#!&0+4%0!#(!X3+(!)#0'#&!00,!#01!#'2,+6%0+' #%0#01!#T%,% 7!#<1!!0#)%0!-#N1!&!# %(!# (!5+!"!)# %0# !%71# T%,% 7!# <1!!0# )%0!# % )# %)l3&0!)# 0'# (!*,!70# 01!# 73((! 0# 2!&0# !&0+4%0!&-#:' 0+ 6! 0#,+%2+,+0+!&#%(!#)+&7,'&!)#+ #01!#E'0!&-#

2.15 Share issues expenses/ Miscellaneous Expenditure

##

N1!#&1%(!#+&&3!#!A$! &!&#+&#7%((+!)#%&#% #%&&!0#% )#+&#%4'(0+&!)#'5!(#%#$!(+')#'*#g#/!%(&#*('4#01!#)%0!#'*#01!#+&&3!#'*#&1%(!&-#

Note: 1 Share Capital Amount in Rs.

Sr. No. Particulars As on 31.03.2014 As on 31.03.2013

_# AUTHORIZED CAPITAL ## #

## \8]^8^^8^^^#FX3+0/#<1%(!&#'*#J&-#_^R9#!%71-# \]^8^^^8^^^## ##############\]^8^^^8^^^### ## ## ##

## ## #\]^8^^^8^^^## ##############\]^8^^^8^^^### ## ## ##

\# ISSUED , SUBSCRIBED & PAID UP CAPITAL ## #

## To the Subscribers of the Memorandum ## #

## \8f^8h^8^^^#FX3+0/#<1%(!&#'*#J&-_^R9#!%71#*3,,/#$%+)## \f^8h^^8^^^## ##############\f^8h^^8^^^### ## ## ##

## Total in ` 230,800,000 230,800,000

Reconciliation of the number of shares

and amount

As at 31.03.2014 As at 31.03.2013

No. of Shares Amount No. of Shares Amount

#Equity Shares

#K$! + 6#T%,% 7!# \f8^h^8^^^# \f^8h^^8^^^# \f8^h^8^^^# \f^8h^^8^^^#

#Transferred from Share Suspense Account 9# 9 ## 9# 9 ##

#Closing Balance 23,080,000 230,800,000 23,080,000 230,800,000

Details of the Shareholders holding more than 5%

Shares As at 31.03.2014 As at 31.03.2013

Name of the Shareholder No. of

Shares

% of

Holding

No. of

Shares

% of

Holding

+-###D% 'l#O3 %4+/%# _8f\g8^ak# g-k]q# ]8\fg8^ak# _h-f]q#

++-##=%0%#D-#n%+ # \8`\k8ff`# _\-ahq# \8`f`8ff`# _\-k]q#

+++-#W+,,#G+!"#>4$!A#O(+5%0!#=+#4+0!)# _8g\]8h]g# a-a_q# _8g\]8h]g# a-a_q#

+5-#<1(+#T%+l3#N(%)+ 6#U#> 5!&04! 0&#O(+5%0!#=+4+0!)# _8`_^8^^^# h-\hq# _8`_^8^^^# h-\hq#

5-#D% 'l#?34%(#T%23,%,#n%+ # \8h\^8^^^# _\-\\q# 9# 9#


#

ANNUAL REPORT

2013!14

36



Note : 2 Reserve & Surplus ` `

Sr.

No. Particulars As on 31.03.2014 As on 31.03.2013

_# :%$+0%,#J!&!(5!############################ @SB f8^^^8^^^# f8^^^8^^^

\# <!73(+0+!&#O(!4+34#(!&!(5!##### @TB __^8gf^8^^^# __^8gf^8^^^

f# Surplus (Profit & Loss Account)

T%,% 7!#2('3610#*'("%()#*('4#$(!5+'3&#/!%(# \\8fa^8``g# \_8`gh8^\f

S))Y#O('*+0#*'(#01!#/!%(# _8g\f8k\]# ]^\8`k\

N'0%,################################################ @:B 23,884,719 \\8fa^8``g

TOTAL RESERVE AND SURPLUS (A)+(B)+(C) 137,414,719 135,890,995

Note : 3Long Term Borrowings ` `


Other Loans Unsecured:

_# > 0!(97'($'(%0!#;!$'&+0&# gh8\f_8^^^# _8h^^8^^^

TOTAL 58,231,000 1,800,000

Note : 4 Long Term Provisions ` `

Sr. No Particulars As on 31.03.2014 As on 31.03.2013

Provision

_# O('5+&+' #*'(#> 7'4!#N%A# _8_f^8^`a# g8k\_8hg\

TOTAL 1,130,096 5,721,852

Note : 5 Trade Payables ` `


_# C'(#e'')&#O3(71%&!)#% )#<!(5+7!&# _ag8hha8g`k# gg^8^^\8_\^

\# C'(#FA$! &!&# ]g`8`hg# g^k8hf\

Total 166,346,582 550,509,952

Note : 6 Other Current Liabilities ` `


_# Other Current Liabilities a_g8`ka# a\^8ak`

Total 615,976 620,679


#

ANNUAL REPORT

2013!14

37



Note : 7 Fixed Asset#

# # # # # # # # # # # #`

Sr.

No. Particulars Rate

Gross Block Depreciation Net Block

Value at

the

beginning

Addition

during

the year

Deduction

during

the year

Value at

the end

Value at

the

beginning

Addition

during

the year

Deduction

during

the year

Value at

the end

WDV as on

31.03.2014

WDV as on

31.03.2013

Tangible Assets

! "#$%&'#( )*+,- ./0+,/011 2 2 ./0+,/011 0/3!+/!14 .,5/444 2 5/,!1/)3. !/05!/50. !/35+/!,!

6 7898: ;<&'#=

TOTAL

4,250,288 ! ! 4,250,288 2,615,187 403,777.4 ! 3,018,964 1,231,324 1,635,101

(Previous Year)

4,250,288 ! ! 4,250,288 2,211,409 403,778 ! 2,615,187 1,635,101 2,048,282

Note : 8 Long Term Loans and Advances ` `


Unsecured, Considered good:

>= ?#&@:%9< A#B8(%9 00+/,,, !0/+1+/,,,

>>= CDEFG&# >G&8H# IFJ !/30)/)54 3/0+./.5,

>>> KF'FG&# L%9$ M8E#:GH#G9 C@9$8:%9%#( !01/!33 15)/14,

>"= N9$#: O8FG( P CDEFG&#( !!/,)./.)! !,/+,+/00,

Total in ` 13,077,594 30,184,520

Note : 9 Other Non Current Assets ` `


! A#Q#::#D R#E#G@# SJB#GD%9@:# 2 +/!,5

0 T:#Q#G(9%F' >((@# SJB#G(#( 2 !03/,,,

5 T:#'%H%GF:< SJB#G(#( !0!/.4, 0.)/0,,

Total ` 121,470 380,303

Note : 10 Inventories ` `


! ?98&U2%G2I:FD# 1)/0.0/0!+ 13/!!!/+1,

Total ` 89,242,215 86,111,580

Note : 11 Trade Receivables ` `


! Outstanding for a period exceeding six months from

the date they were due for payment

6F= NE#:(#F( A#D98:(

VG(#&@:#D/ ;8G(%D#:#D W88D 13/++!/35) 2

6X= A8H#(9%& A#X98:(

VG(#&@:#D/ ;8G(%D#:#D W88D )54/30+ )3/!05/!+)

0 Others trade receivable

6F= NE#:(#F( A#D98:(

VG(#&@:#D/ ;8G(%D#:#D W88D 50/5+1/)0. )./+33/+,+

6X= A8H#(9%& A#X98:(

F= VG(#&@:#D/ ;8G(%D#:#D W88D 53)/.43/45+ 3!+/01./0.5

Total ` 489,324,923 805,973,907


ANNUAL REPORT

2013!14

38



Note : 12 Cash & Bank Balance ` `


Cash and cash equivalents

F= ;F($ 8G $FGD 1+1/040 )+./+)+

X= KF'FG&# L%9$ XFGU 340/),, !!5/.3,

Total cash and cash equivalents 1,531,172 1,068,055

Note : 13 Revenue from Operations ` `


! O8&F' W8'D KF: ?F'#( !/0!1/!+,/5!3 14./)4!/0,,

0 SJB8:9 A%FH8GD( )!/400/)55 055/5.1/3.+

. YSWO 8G ?F'#( +/40!/404 65/+40/4,.=

Total in ` 1,315,594,976 1,104,747,141

Note : 14 Other Income ` `


! >G9#:#(9 >G&8H# .,)/!), .!1/533

Total in ` 409,190 418,366

Note : 15 Cost of Goods Sold ` ` ` `


Gold Bar Diamond Gold Bar Diamond

NB#G%GM ?98&U 13/!!!/+1, 2 1./0),/,,,*,, 2

CDDZ T@:&$F(#( !/00,/!00/+53 ),/+11/01+ 143/0.3/))0*,, 00+/4)3/03,*,,

O#((Z ;'8(%GM ?98&U 61)/0.0/0!+= 2 613/!!!/+1,*,,= 2

Total in ` 1,216,991,901 90,588,285 874,425,412 225,796,260

Note : 16 Employment Benefit Expenses ` `


! ?F'F:%#( .0,/0,, 130/+.,

0 A%:#&98:( R#H@G#:F9%8G +)+/,,, 34,/,,,

Total in ` 1,015,200 1,532,540

Note :17 Financial Cost ` `


! KFGU >G9#:#(9 4, 5/!!5

0 KFGU ;$F:M#( 45/3+1 +./51,

Total in ` 73,728 57,493


ANNUAL REPORT

2013!14

39



Note : 18 Other Administrative Expenses ` `


! CDE#:9%(#H#G9 P T@X'%&%9< 4+/.4) 35/14,

0 C@D%98:( R#H@G#:F9%8G )+/+,3 13/+!4

5 K?S O%(9%GM Y##( 34/.!3 2

. K?S ;$F:M#( P CGG@F' Y##( 3.5/35! ))/1,5

+ K?S ;FB%9F' CD#[@F&< Y@GD L\8QQ !/)3)/)+4 2

3 ;F: SJB#G(#( 5,/,+3 +3/455

4 ;'#F:%GM P Q8:LF:D%GM SJB#G(#( 4,/4)! 31/0),

1 ;8GE#<FG&# !1/0), 5!/.))

) ;@(98D%F' Y##( 2 +3/!1,

!, ;8HH%((%8G )34/0!! 2

!! ;8HB@9#: HF%9FGFG&# SJB* 3/54! 2

!0 ;A?O Y##( +3/!1, 2

!5 A#QQ#:#D :#E#@# #JB* L\8QQ +/!,5 2

!. A%:#&98:( ?%99%GM Q##( 2 !./,,,

!+ S'#&9:%&%9< SJB#G(#( 2 !!0/,,+

!3 Y%G# 8G T:8QQ#((%8G 9FJ !/,,, 2

!4 >G9#:GF' F@D%9 Q##( !+/,,, 2

!1 O#MF' P T:8Q#((%8GF' ;$F:M#( 433/514 40)/.)3

!) 7%(&#''#G#8@( \ T:#'%H%GF:< SJB* ]:%99#G 8QQ 0+5/45, 0+1/15.

0, 7%(&#''#G#8@( SJB#G(#( ./14+ 5!/1)+

0! NQQ%&# P W#G#:F' SJB#G(#( 55/,54 31/10,

00 T:%G9%GM P ?9F9%8G#:< SJB#G(#( 03/5)4 )5/.!.

05 R#G9 0!3/,,, ..4/,,,

0. R#BF%: P 7F%G9#GFG&# 0!/4,3 ++/4+4

0+ RN; SJB#G(#( 2 5/,,,

03 ?@GD:< XF'G&# ]:%99#G 8QQ 2 5/5,,

04 I#'#B$8G# SJB#G(#( 3/)4, !)/+3.

01 I:FE#''%GM SJB#G(#( !3/4.0 !,+/3)+

Total in ` 5,367,835 2,405,672

Note : 19 Auditors Remuneration ` `


! C( C@D%98: +,/,,, ../,,,

0 O%H%9#D R#E%#L Y##( !+/,,, 2

5 IFJF9%8G HF99#:( 2 !3/+,,

. N9$#: 5,/+,3 03/,!4

Total in ` 95,506 86,517

Note : 20 Prior period Items ` `


! SJ&#(( B:8E%(%8G Q8: 9FJ :#E#:(# ..5/514 2

Total in ` 443,387 !


ANNUAL REPORT

2013!14

40



Note : 21 Deferred Tax

I$# ;8HBFG< $F( :#&8MG%(#D D#Q#::#D 9FJ F((#9 8G @GFX(8:X#D D#B:#&%F9%8G 98 9$# #J9#G9 8Q 9$# &8::#(B8GD%GM

D#Q#::#D 9FJ '%FX%'%9< 8G 9$# D%QQ#:#G&# X#9L##G 9$# X88U XF'FG&# FGD 9$# L:%99#G D8LG EF'@# 8Q Q%J#D F((#9( @GD#:

>G&8H# IFJ

Particulars : As at

1st April, 2013

Credit (Charge)

for the year

As at

31st March, 2014

A@# 98 D%QQ#:#G&# %G A#B:#&%F9%8G F( B#: >G&8H#

IFJ C&9 FGD ;8HBFG%#( C&9 .3/0.! ++)!3 6)34.=

Note : 22 Earning Per Share

I$# &8HBFG< $F( G89 %((@#D B89#G9%F' #[@%9< ($F:#(/ F&&8:D%GM'</ XF(%& FGD D%'@9#D #F:G%GM( B#: ($F:# F:# (FH#Z

Particulars : 2013!14 2012!13

^#9 T:8Q%9 FQ9#: IFJ 6`= !+/05/40. ./,0/)40

]#%M$9#D CE#:FM# ^8* 8Q S[@%9< ?$F:#( Q8: &8HB@9%GM KF(%& P A%'@9#D ST? 0/5,/1,/,,, 0/5,/1,/,,,

^8H%GF' "F'@# 8Q ?$F:# 6`= !, !,

KF(%& FGD D%'@9#D SF:G%GM( B#: ($F:# 6`= ,*,4 ,*,0

Note : 23 Related Party Disclosure

1. Details of the Related Party

_#< 7FGFM#H#G9 T#:(8GG#'

`%9#($ aF%G

7FG%($ ?$F$

"%($F' W8$%'b

;8HBFG%#(\ Y%:H( %G L$%&$ _7T &FG #J#:&%(# %GQ'@#G&#*

>= KF'Fc% VG%E#:(F' I:FD#'%GU T:%EF9# '%H%9#D

>>= KF'c% K@''%8G P ;8HH8D%9%#(6>= T:%EF9# '%H%9#D

>>>= KF'Fc% O%Q#(9<'# R#F'98:( T:%EF9# O%H%9#D

>"= KF'c% T:8BX@%'D#:( T:%EF9# O%H%9#D

"= OFX$ ;8HH8D%9%#( T:%EF9# O%H%9#D

">= `%''E%#L >HB#J T:%EF9# O%H%9#D

">>= aFM@F: SG#:M< P T8L#: O%H%9#D

">>>= aFM@F: W#H( P a#L#''#:< O%H%9#D

>e= N:X%9 D%FH8GD( T:%EF9# O%H%9#D

e= ?$:% XF%c@ I:FD%GM P >GE#(9H#G9 T:%EF9# '%H%9#D

b R#(%MG#D Q:8H D%:#&98:($%B L*#*Q* !+\!!\0,!5

^89#Z R#'F9#D TF:9%#( $FE# X##G %D#G9%Q%#D X< 7FGFM#H#G9

2. Details of the Related Party Transactions

Sr.

No. Particulars Name of the Party KMP

Relatives

of KMP

Entities in which KMP

/ relatives of KMP

have significant

influence

! A%:#&98:f(

R#H@G#:F9%8G

"%($F' W8$%' 5/0+/,,, 2 2

`%9#($ aF%G 0/4,/,,, 2 2

Outstanding as at the year end :

! A%:#&98:(

R#H@G#:F9%8G `%9#($ aF%G +4/!)3 2 2


ANNUAL REPORT

2013!14

41



Note : 24 Contingent Liabilities

Sr.

No.

Contingent liabilities and commitments

(to the extent not provided for)

As at

31st March, 2014

As at

31st March, 2013

A

>G&8H# IFJ A#HFGD Q8: C*g 0,!,2!!/ ?@X(9FG9%E# CDD%9%8G(

HFD# D@:%GM 9$# F((#((H#G9/ $8L#E#: FBB#F' $F( X##G Q%'#D FGD

%( B#GD%GM Q8: D%(B8(F' X< ;8HH%((%8G#: 8Q >G&8H# IFJ

6CBB#F'=

)/44/,0/0+1 )/44/,0/0+1

B

>G :#(B#&9 8Q ?9FHB A@9< D#HFGD L%9$ :#(B#&9 98 8:D#: @GD#:

(#&9%8G 5)! P 5). 8Q 9$# ;8HBFG%#( C&9/ !)+3 BF((#D X< I$#

`8GhX'# `%M$ ;8@:9 B#:9F%G%GM 98 9$# (&$#H# 8Q CHF'MFHF9%8G

8Q ;8HBFG%#(* >9 %( G89 9#GFX'# %G 9$# E%#L 8Q 9$# HFGFM#H#G9*

5,/4+/.)0 5,/4+/.)0

I$# >G&8H# IFJ C((#((H#G9( 8Q 9$# &8HBFG< $F( X##G &8HB'#9#D @B 98 C((#((H#G9 g#F: 0,!,2!!* I$# D%(B@9#D

D#HFGD 8@9(9FGD%GM @B98 9$# (F%D C((#((H#G9 g#F: %( )44*,0 OF&(* NG 9$# CGF'<(%( X< 9$# #JB#:9 B:8Q#((%8GF'( 8Q

9$# GF9@:# 8Q D#HFGD FGD XF(#D 8G 9$# #F:'%#: D#&%(%8G( 8Q 9$# F@9$8:%9%#(/ %G9#:B:#9F9%8G(/ :#'#EFG9 B:8E%(%8G(

FGD &8G(%D#:%GM 9$# QF&9 9$# &8HBFG< $F( X##G '#MF''< FDE%(#D 9$F9 9$# D#HFGD %( '%U#'< 98 X# D#'#9#D FGD

F&&8:D%GM'< $F( G89 X##G F&&8@G9#D %G 9$# X88U( 8Q F&&8@G9(*

;8G9%GM#G9 '%FX%'%9%#( L%9$ :#(B#&9 98 %G(B#&9%8G &F::%#D X< R#M%8GF' A%:#&98: 6]R=/ 7%G%(9:< 8Q ;8:B8:F9# CQQF%:(

@GD#: (#&9%8G 0,)C 8Q 9$# ;8HBFG%#( C&9/ !)+3 D@:%GM 9$# <#F: 0,!, F:# G89 B:8E%D#D %G X88U( 8Q F&&8@G9(/ F(

9$#:# LF( G8 HFc8: D%(&:#BFG&<\ %::#M@'F:%9%#( F:# 8X(#:E#D D@:%GM 9$# %G(B#&9%8G*

Note : 25 Impairment of Assets

C( :#[@%:#D X< F&&8@G9%GM (9FGDF:D 6C? 01= i>HBF%:H#G9 8Q C((#9(j %((@#D X< 9$# >G(9%9@9# 8Q ;$F:9#:#D

C&&8@G9FG9( 8Q >GD%F/ 9$# &8HBFG< $F( &F::%#D 8@9 9$# F((#((H#G9 8Q %HBF%:H#G9 8Q F((#9(* I$#:# $F( X##G G8

%HBF%:H#G9 '8(( D@:%GM 9$# <#F:*

Note : 26

I$# ;8HBFG< $F( G89 B:8E%D#D Q8: W:F9@%9< FGD O#FE# SG&F($H#G9 98 SHB'8<##( 8G F&&:@F' XF(%(/ L$%&$ %( G89 %G

&8GQ8:H%9< L%9$ C? k !+ %((@#D X< >;C>* `8L#E#:/ %G 9$# 8B%G%8G 8Q HFGFM#H#G9 9$# FH8@G9 %GE8'E#D %( G#M'%M%X'#

FGD $F( G8 %HBF&9 8G ?9F9#H#G9 8Q T:8Q%9 P O8((*

Note : 27 Segment Information (AS"17)

I$# ?#MH#G9( F:# %D#G9%Q%#D XF(#D 8G 9$# D8H%GFG9 (8@:&#( FGD GF9@:# 8Q :%(U( FGD :#9@:G* VGF''8&F9#D ;8:B8:F9#

SJB#G(#( :#'F9# 98 9$# #G9#:B:%(#( F( F L$8'# FGD F:# G89 F99:%X@9FX'# 98 9$# (#MH#G9(*

S. NO. Particular 2013!14 2012!13

1 SEGMENT REVENUE ` `

C= K@''%8G !/0!/1!/+,/5!3 14/.)/4!/0,,

K= ?#&@:%9%#( 2

;= A%FH8GD( )/4./../33, 00/)4/4+/).!

S= N9$#:( ./,)/!), ./!1/533

Total 1,31,60,04,166 1,10,51,65,507

O#(( Z >G9#:(#MH#G9 R#E#G@# 2 2

Sales/ Income form Operation 1,31,60,04,166 1,10,51,65,507

2 SEGMENT RESULTS

lT:8Q%9\6O8((= X#Q8:# IFJ FGD >G9#:#(9 Q:8H #F&$ ?#MH#G9m

C= K@''%8G !/!+1/.!+ +/5!/,,)

K= ?#&@:%9%#( 2

;= A%FH8GD( 31/+3/54+ 5)/!!/5)!

A= N9$#:( ./,)/!), ./!1/533

Total 84,23,980 48,60,766


ANNUAL REPORT

2013!14

42



S. NO. Particular 2013!14 2012!13

O#(( Z

>= >G9#:#(9 2 2

>>= N9$#: @G2F''8&FX'# #JB#GD%9@:# 31/3,/+., .5/54/+)3

Total Profit before Tax 15,63,440 5,23,170

3 SEGMENT ASSETS

C= K@''%8G .3,/,,)/4.! 4/!!/.,4/.,0

K= >GE#(9H#G9 2 2

;= ?#&@:%9%#( 2 !/00/3,/,,,

A= R#F' S(9F9# 2 2

S= N9$#:( !,/541/0+5 !/,5/53/+)+

Y= A%FH8GD( !!/1)/!,/+35 )/.+/+3/+,+

W= VGF''8&FX'# +/!!1/5.3 )!/03/0!0

Total 59,45,18,034 92,49,73,164

4 SEGMENT LIBILITIES

C= K@''%8G !1)/43,/,31 50/../54/)+.

K= A%FH8GD( 5/,1/33/)4+ 00/.5/+./03,

;= N9$#:( !1/,,/,,, !1/,,/,,,

A= VGF''8&FX'# 5/1)3/3!! 1,/4,/0+4

Total 22,40,45,867 55,86,62,471

Note : 28

I$# ;8HBFG< $F( G89 :#&#%E#D 9$# :#[@%:#D %GQ8:HF9%8G Q:8H (@BB'%#:( :#MF:D%GM 9$#%: (9F9@( @GD#: 9$# 7%&:8/

?HF'' FGD 7#D%@H SG9#:B:%(#( A#E#'8BH#G9 C&9/ 0,,3* `#G&# D%(&'8(@:#(/ %Q FG</ :#'F9%GM 98 FH8@G9( @GBF%D F( F9

9$# <#F: #GD 98M#9$#: L%9$ %G9#:#(9 BF%D\BF<FX'# F( :#[@%:#D @GD#: 9$# (F%D C&9 $FE# G89 X##G HFD#*

Note : 29 Derivative Instruments

I$#:# LF( G8 &8G9:F&9 :#'F9#D 98 $#DM%GM 8@9(9FGD%GM F9 9$# #GD 8Q 9$# <#F:* SJB8(@:# :#'F9#D 98 ?98&U %G $FGD F9

9$# #GD 8Q 9$# <#F: L#:# G89 $#DM#D FH8@G9 R(* 1/)0/.0/0!+ 6T*g2 1/3!/!!/+1,=*


;$F:9#:#D C&&8@G9FG9(

Y%:H R#M* ^8* !!3113]

?D\2 ?D\2

Manish Shah Hitesh Jain

7FGFM%GM A%:#&98: ]$8'#29%H#2A%:#&98:

?D\2 6A>^ Z ,!))+5440= 6A>^ Z ,+035!0,=

CA Neha Chechani

TF:9G#: ?D\2

7#HX#:($%B ^8* .!)4,. Siddhi Patil

0.9$ 7F< 0,!./ 7@HXF%* ;8HBFG< ?#&:#9F:<


Regd. !!"#$#%&'#%()#*+,,-'#.#/012'#30((4+#5,67-'#84-0941#:,01('3;9<40'34)4-4=)(-4#>???&@#

.A8#"#B>C>??3D@EF>:B.?G&&H>

ATTENDANCE SLIP

! "#$#%& $#'($) *& +$#,#-'# ./ /"# 01/" 2--3.4 5#-#$.4 6##/7-8 (9 /"# (- :3#,).&; <#+/#*%#$ 01; =1>? ./

>>@01 .@*@ ./ /"# $#87,/#$#) (997'# (9 /"# A(*+.-& ./ B=; B/" C4(($; A D7-8; 67//.4 :(E#$; F.$7*.- G(7-/;

63*%.7; 6.".$.,"/$. ?111=>

…………………………………….……. …………………………………………….….

Name of the Member/proxy Signature of the member/proxy

H!- IJKAL 4#//#$,M

Note: Member/ Proxy must bring the attendance slip to the meeting and hand!over at the entrance duly

signed.

…………………………………………..………….…….please tear from here………...…………….……………………………………….


Regd. K99N O B=; B/" C4(($; A D7-8; 67//.4 :(E#$; F.$7*.- G(7-/;63*%.7;6.".$.,"/$. ?111=>

A!F N J?P?116Q>RS?GJA10==T?

PROXY FORM

2997U V#@ >

V#W#-3#

</.*+

!XD# YYYYYYYYYYYYYY@YYYYYYYY@YYY@@ (9YYYYYYYYYYYYYYYYYYYYYYYYYY@@YYYY

%#7-8 . *#*%#$X*#*%#$, (9 /"# .%(W# -.*#) A(*+.-& "#$#%&; .++(7-/

YYYYYYYYYYY@YYYYYYYYY@Y(9YYYYYYYYYYYYYYYYYYYYYYYYYYYY@@YYYYYYYYY ($

9.747-8 "7*X"#$ YYYYYYYYYYYYYYYY@YY@@(9YYY@YYYYYY@YYYYYYYYYY@@., *&X(3$ +$(U& /(

W(/# 9($ *# X3, (- *&X (3$ %#".49 ./ /"# 01/" 2--3.4 5#-#$.4 6##/7-8 (9 /"# A(*+.-& /( %# "#4) (- :3#,).&;

<#+/#*%#$ 01; =1>? ./ >>N01 .@*@ ./ /"# $#87,/#$#) (997'# (9 /"# A(*+.-& ./ B=; B/" C4(($; A D7-8; 67//.4

:(E#$; F.$7*.- G(7-/; 63*%.7; 6.".$.,"/$. ?111=>@

<78-#) /"7,YYYY@).& (9 YYY@ =1>?@

YYYYYYYYYYYYYY

Signature of a Member

Note:

1. The instrument of proxy form shall be deposited at the Registered Office of the Company, not less than 48 hours

before the time fixed for holding the meeting.

2. The form should be signed across the stamp as per specimen signature registered with the Company.

3. A proxy need not be a member.

Members’

Folio/ Client

& DP!ID No. :

No. of shares

Members’

Folio/ Client

& DP!ID No. :

No. of shares


Regd. K99N O B=; B/" C4(($; A D7-8; 67//.4 :(E#$; F.$7*.- G(7-/;63*%.7;6.".$.,"/$. ?111=>

A!F N J?P?116Q>RS?GJA10==T?

E!COMMUNICATION REGISTRATION FORM

H!- /#$*, (9 '7$'34.$ F(@ >TX=1>> )./#) =>,/ 2+$74; =1>> 7,,3#) %& /"# 67-7,/$& (9 A($+($./# 299.7$,M

C(47( F(@X [G ![ \ A47#-/ ![ N YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

F.*# (9 C7$,/ V#87,/#$#) Q(4)#$ YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

F.*# (9 ](7-/ Q(4)#$H,M YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY


V#87,/#$#) 2))$#,, YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY




^O6.74 ![ H/( %# $#87,/#$#)M YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

!X D# ,".$#"(4)#$H,M (9 V(&.4 !-)7. A($+($./7(- J7*7/#) .8$## /( $#'#7W# '(**3-7'./7(- 9$(* /"# A(*+.-&

7- #4#'/$(-7' *()#@ G4#.,# $#87,/#$ *& .%(W# ^O*.74 ![ 7- &(3$ $#'($), 9($ $#'#7W7-8 '(**3-7'./7(- 7-

#4#'/$(-7' 9($* 9$(* /"# A(*+.-&@

Date : …………………………… Signature ……………………

(First Holder)

Note : Shareholder(s) are requested to keep the Company inform of Change, if any, in the E"mail address.

BOOK-POST

If undelivered, please return to :

Royal India Corporation Limited

CIN : L45400MH1984PLC032274

62, 6th Floor, C-Wing, Mittal Tower, 210, Nariman Point, Mumbai 400 021.

022-43417777 022-22877575 ! [email protected] www.ricl.in

royal india corporation ltd (crd) · royal india corporation limited 30 th annual report...

Documents