twenty third annual report 2013-2014 sai industries limitedin electronic form. 7 the securities and...
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Tw
enty
Th
ird
An
nu
al R
eport
2013-2
014
Sai In
du
stri
es L
imit
ed
BO
AR
D O
F D
IRE
CT
OR
SD
r. N
ira
j K. S
ing
hC
ha
irm
an
&
Ma
na
gin
g D
ire
cto
r
Mrs
. Ju
hi S
ing
hD
ire
cto
r
(Non
Exe
cu
tive
)
Dr. S
.M. P
ath
ak
Dir
ecto
r
(Non E
xecutive
, In
depen
dent)
Mr. H
ari
sh
Ku
ma
rD
ire
cto
r
(Non E
xecutive
, In
depen
dent)
BA
NK
ER
SIN
DIA
N B
AN
K,
Au
rob
ind
o P
lace
,
Ha
uz K
ha
s,
New
De
lh ! 1
10
01
6
AU
DIT
OR
SM
/s. A
K G
& C
o.
E-1
0, K
AIL
AS
H C
OL
ON
Y,
NE
W D
EL
HI-
11
00
48
RE
GIS
TR
AR
& S
HA
RE
M/S
. BE
ETA
L F
INA
NC
IAL
& C
OM
PU
TE
R
TR
AN
SF
ER
AG
EN
TS
ER
VIC
ES
PV
T. L
TD
.
Be
eta
l H
ou
se
3rd
Flo
or, 9
9, M
ad
an
gir,
Ne
w D
elh
i -
11
00
62
Co
mp
an
y S
ecre
tarie
sH
.P. S
ha
rma
& A
sso
cia
tes
15
84
/11
3, T
ri N
ag
ar,
De
lhi -
11
00
35
RE
GIS
TE
RE
D O
FF
ICE
20
4,
Au
rob
ind
o P
lace
,
Ha
uz K
ha
s,
New
De
lhi -
11
00
16
Co
nte
nts
Pag
e
Notic
e1
Directo
rs' R
epo
rt2-9
Aud
itor's R
ep
ort
10-1
2
Ba
lan
ce
Sh
ee
t & N
ote
s13-1
6
Pro
fit &
Lo
ss A
cco
un
t &
No
tes
17-1
8
Ca
sh
Flo
w S
tate
me
nt &
19
Sch
ed
ule
of F
ixe
d A
sse
ts20
Inve
stm
ent (
7a
)21-2
4
Note
s25-2
8
SA
I I
ND
US
TR
IES
L
IMIT
ED
Twen
ty T
hird
Annu
al R
epo
rt 2
013-2
014
SA
I IN
DU
ST
RIE
S L
IMIT
ED
NO
TIC
E F
OR
AN
NU
AL
GE
NE
RA
L M
EE
TIN
GN
otice
is h
ere
by g
ive
n t
ha
t th
e T
we
nty
Th
ird
A
nn
ua
l G
en
era
l M
ee
tin
g o
f th
e C
om
pa
ny w
ill b
eh
eld
as s
ch
ed
ule
d b
elo
w:
Da
y a
nd
Da
teT
ue
sd
ay,
30
th S
ep
tem
be
r 2
01
4T
ime
10
.00
A.M
.P
lace
2n
d F
loo
r, A
uro
bin
do
Pla
ce
,Ha
uz K
ha
s,
Ne
w D
elh
i -
11
00
16
.T
he
ag
en
da
fo
r th
e m
ee
tin
g w
ill b
e a
s f
ollo
ws:
OR
DIN
AR
Y B
US
INE
SS
1To
re
ce
ive
, co
nsid
er
an
d a
do
pt
the
Ba
lan
ce
Sh
ee
t a
s o
n 3
1st
Ma
rch
, 2
01
4 a
nd
Pro
fit
&L
oss A
cco
un
t fo
r th
e y
ea
r e
nd
ed
as o
n th
at d
ate
an
d r
ep
ort
s o
f th
e A
ud
ito
rs a
nd
Dir
ecto
rsth
ere
on
.2
To
ap
po
int
a D
ire
cto
r in
pla
ce
of
Mrs
. Ju
hi S
ing
h (
DIN
02
02
23
13
) w
ho
re
tire
s b
y r
ota
tio
na
nd
be
ing
elig
ible
off
ers
he
rse
lf f
or
rea
pp
oin
tme
nt
3To
co
nsid
er
an
d,
if t
ho
ug
ht
fit,
to
pa
ss w
ith
or
with
ou
t m
od
ific
ati
on
(s),
th
e f
ollo
win
gre
so
lutio
n a
s a
n O
rdin
ary
Re
so
lutio
n:
“RE
SO
LV
ED
TH
AT
pu
rsu
ant to
th
e p
rovis
ion
s o
f S
ectio
ns 1
49
, 1
52
and
an
y o
the
r a
pp
lica
ble
pro
vis
ion
s o
f th
e C
om
pa
nie
s A
ct,
20
13
an
d t
he
ru
les m
ad
e t
he
re u
nd
er
(in
clu
din
g a
ny
sta
tuto
ry m
od
ific
atio
ns o
r re
-en
actm
en
t th
ere
of,
fo
r th
e t
ime
be
ing
in
fo
rce
) re
ad
with
Sch
ed
ule
IV
to
th
e C
om
pa
nie
s A
ct,
20
13
, S
hri
Ha
rish
Ku
ma
r (D
IN 0
18
89
511
) w
ho
wa
sa
pp
oin
ted
as A
dd
itio
na
l D
ire
cto
r o
f th
e C
om
pa
ny a
nd
ho
lds o
ffic
e u
pto
th
e d
ate
of
this
An
nu
al G
en
era
l M
ee
tin
g a
nd
in
re
sp
ect
of
wh
om
th
e C
om
pa
ny h
as r
ece
ive
d a
No
tice
u/s
16
0 o
f th
e C
om
pa
nie
s A
ct,
20
13
fro
m a
Me
mb
er
sig
nif
yin
g h
is i
nte
ntio
n t
o p
rop
ose
his
ca
nd
ida
ture
fo
r th
e o
ffic
e o
f D
ire
cto
r, b
e a
nd
is h
ere
by a
pp
oin
ted
as N
on
-Exe
cu
tive
Ind
ep
en
de
nt
Dir
ecto
r o
f th
e C
om
pa
ny t
o h
old
off
ice
fo
r 5
(five
) co
nse
cu
tive
ye
ars
with
eff
ect
fro
m t
he
da
te o
f p
assin
g o
f th
is r
eso
lutio
n a
nd
he
sh
all n
ot
be
lia
ble
to
re
tire
by
rota
tio
n”.
4“R
ES
OLV
ED
TH
AT
pu
rsu
ant to
th
e p
rovis
ion
s o
f S
ectio
ns 1
49
, 1
52
and
an
y o
the
r a
pp
lica
ble
pro
vis
ion
s o
f th
e C
om
pa
nie
s A
ct,
20
13
an
d t
he
ru
les m
ad
e t
he
re u
nd
er
(in
clu
din
g a
ny
sta
tuto
ry m
od
ific
atio
ns o
r re
-en
actm
en
t th
ere
of,
fo
r th
e t
ime
be
ing
in
fo
rce
) re
ad
with
Sch
ed
ule
IV
to
th
e C
om
pa
nie
s A
ct,
20
13
, D
r. S
ury
a M
an
i P
ath
ak (
DIN
02
58
49
31
) w
ho
wa
s a
pp
oin
ted
as D
ire
cto
r lia
ble
to
re
tire
by r
ota
tio
n a
nd
ho
lds o
ffic
e u
pto
th
e d
ate
of
this
An
nu
al G
en
era
l M
ee
tin
g a
nd
in
re
sp
ect
of
wh
om
th
e C
om
pa
ny h
as r
ece
ive
d a
No
tice
u/s
16
0 o
f th
e C
om
pa
nie
s A
ct,
20
13
fro
m a
Me
mb
er
sig
nif
yin
g h
is i
nte
ntio
n t
o p
rop
ose
his
ca
nd
ida
ture
fo
r th
e o
ffic
e o
f D
ire
cto
r, b
e a
nd
is h
ere
by a
pp
oin
ted
as N
on
-Exe
cu
tive
Ind
ep
en
de
nt D
ire
cto
r o
f th
e C
om
pa
ny to
ho
ld o
ffic
e fo
r 5
(five
) o
nse
cu
tive
ye
ars
with
eff
ect
fro
m t
he
da
te o
f p
assin
g o
f th
is r
eso
lutio
n a
nd
he
sh
all
no
t b
e lia
ble
to
re
tire
by r
ota
tio
n”.
5To
a
pp
oin
t A
ud
ito
rs w
ho
sh
all
ho
ld o
ffic
e, if
ap
po
inte
d f
rom
th
e c
on
clu
sio
n o
f th
is A
nn
ua
lG
en
era
l M
ee
tin
g
un
til
th
e c
on
clu
sio
n o
f n
ext
An
nu
al
Ge
ne
ral
Me
etin
g
an
d t
o f
ix t
he
irre
mu
ne
ratio
n a
nd
in
th
is r
eg
ard
to
co
nsid
er
an
d i
f th
ou
gh
t fit
to p
ass w
ith
or
with
ou
tm
od
ific
atio
n t
he
fo
llo
win
g r
eso
lutio
n a
s a
n O
rdin
ary
Re
so
lutio
n :
“RE
SO
LV
ED
th
at
M/s
. A
K G
& C
o.,
Ch
art
ere
d A
cco
un
tan
ts (
Fir
m R
eg
istr
atio
n N
o.
00
49
24
N)
be
an
d a
re h
ere
by a
pp
oin
ted
Au
dito
rs o
f th
e C
om
pa
ny t
o h
old
o
ffic
e fr
om
th
eco
nclu
sio
n o
f th
is A
nn
ua
l G
en
era
l M
ee
tin
g U
ntil
the
co
nclu
sio
n o
f n
ext
An
nu
al
Ge
ne
ral
Me
etin
g o
f th
e C
om
pa
ny o
n s
uch
re
mu
ne
ratio
n a
s s
ha
ll b
e fix
ed
by th
e B
oa
rd o
f D
ire
cto
rse
xclu
siv
e o
f tr
ave
llin
g a
nd
oth
er
ou
t o
f p
ocke
t e
xp
en
se
s”
NO
TE
S :
1T
he
re
gis
ter
of
me
mb
ers
an
d s
ha
re t
ran
sfe
r b
oo
ks o
f th
e c
om
pa
ny w
ill
rem
ain
clo
se
dfr
om
1
6-0
9-2
01
4 t
o 3
0-0
9-2
01
4 (
Bo
th d
ays in
clu
siv
e).
2A
me
mb
er
en
title
d t
o a
tte
nd
an
d v
ote
is e
ntitle
d t
o a
pp
oin
t a
pro
xy t
o a
tte
nd
an
d v
ote
1
SA
I IN
DU
ST
RIE
S L
IMIT
ED
inste
ad
of
him
se
lf/h
ers
elf a
nd
th
e
pro
xy n
ee
d n
ot
be
a m
em
be
r o
f th
e c
om
pa
ny.
Pro
xie
s i
no
rde
r to
be
eff
ective
mu
st
be
re
ce
ive
d b
y t
he
co
mp
an
y n
ot
less t
ha
n 4
8 h
ou
rs b
efo
re t
he
tim
e o
f h
old
ing
me
etin
g.
3M
em
be
rs d
esir
ing
an
y i
nfo
rma
tio
n o
f th
e a
cco
un
ts a
t th
e a
nn
ua
l g
en
era
l m
ee
tin
g a
rere
qu
este
d t
o w
rite
to
th
e c
om
pa
ny a
t its r
eg
iste
red
off
ice
atle
ast
10
da
ys in
ad
va
nce
so
as
to e
na
ble
th
e c
om
pa
ny t
o k
ee
p t
he
in
form
atio
n r
ea
dy.
4A
s a
me
asu
re o
f e
co
no
my,
co
pie
s o
f th
e A
nn
ua
l R
ep
ort
will
no
t b
e d
istr
ibu
ted
at
the
An
nu
al G
en
era
l Me
etin
g. M
em
be
rs a
re th
ere
fore
re
qu
este
d to
bri
ng
th
e c
op
y o
f th
e A
nn
ua
lR
ep
ort
with
th
em
at
the
Me
etin
g.
5In
te
rms o
f C
lau
se
49
of
the
Lis
tin
g A
gre
em
en
t in
form
atio
n o
n D
ire
cto
rs s
ee
kin
ga
pp
oin
tme
nt/
re
ap
po
intm
en
t a
t th
is A
nn
ua
l G
en
era
l M
ee
tin
g i
s a
s u
nd
er:
Pa
rtic
ula
rsH
ari
sh
Ku
ma
rJu
hi
Sin
gh
D
r. S
ury
a M
an
i Path
ak
Da
te o
f B
irth
& A
ge
Ma
y 1
9, 1
98
0/3
4 y
rsN
ov
05
, 1
96
5/4
8 y
rs
Ju
ly 1
5.1
93
1/8
2 y
rs.
Ap
po
inte
d o
n1
0/2
3/2
01
33
0/9
/20
10
3
0/6
/20
09
Qu
alif
ica
tio
ns
Inte
r.
B.A
., P
.G.D
.B.M
.P
h.D
.E
xpert
ise
in
sp
ecific
fun
ctio
na
l a
rea
s1
0 y
ea
rs e
xpeie
nce i
n2
3 y
ears
ric
h
R
etire
d G
en
. M
an
ag
er
Ma
rketin
g &
Pro
du
ct
exp
erie
nce
in .
Ba
nk o
f In
dia
De
ve
lop
me
nt
Ma
rketin
g &
Ge
nera
l A
dm
nD
irecto
rsh
ip h
eld
in
oth
er
Pu
blic
M/s
Sa
i C
ap
ital L
td.
M
/s.
So
ftw
are
Tech
.C
om
pa
nie
s (
exclu
din
g F
ore
ign
G
rou
p In
tl. L
td.
Co
mp
an
ies)
Me
mb
ers
hip
s/C
ha
irm
an
sh
ips
of
co
mm
itte
es a
cro
ss
Pu
blic
Co
mp
an
ies
3 4
56
Me
mb
ers
wh
o h
ave
no
t re
gis
tere
d t
he
ir e
-ma
il ID
s y
et
are
re
qu
este
d t
o d
o t
he
sa
me
fo
rre
ce
ivin
g a
ll co
mm
un
ica
tio
ns f
rom
th
e C
om
pa
ny i
nclu
din
g A
nn
ua
l R
ep
ort
s,
No
tice
s,
etc
.in
ele
ctr
on
ic f
orm
.7
Th
e S
ecu
ritie
s a
nd
Exch
an
ge
Bo
ard
of
Ind
ia (
SE
BI)
ha
s m
ad
e i
t m
an
da
tory
fo
r e
ve
ryp
art
icip
an
t in
th
e S
ecu
ritie
s M
ark
et to
su
bm
it P
erm
an
en
t Acco
un
t N
um
be
r (P
AN
). M
em
be
rsa
re r
eq
ue
ste
d t
o s
ub
mit t
he
ir P
AN
to
th
e C
om
pa
ny/R
TA
.8
Me
mb
ers
ho
ldin
g s
ha
res in
sin
gle
na
me
are
ad
vise
d to
re
gis
ter
the
ir n
om
ina
tio
n w
ith th
eC
om
pany.
9.
V
oti
ng
th
rou
gh
ele
ctr
on
ic m
ea
ns
:E
-vo
tin
g f
acili
ty is b
ein
g p
rovid
ed
to
all
me
mb
ers
pu
rsu
an
t to
th
e p
rovis
ion
s o
f S
ectio
n 1
08
of
the
Co
mp
an
ies A
ct,
20
13
re
ad
with
Ru
le 2
0 o
f th
e C
om
pa
nie
s (
Ma
na
ge
me
nt
an
dA
dm
inis
tra
tio
n)
Ru
les,
20
14
, a
nd
cla
use
35
B o
f th
e L
istin
g A
gre
em
en
t. T
he
Co
mp
an
y h
as
en
ga
ge
d t
he
se
rvic
es o
f B
ee
tal
Pri
va
te L
imite
d (
"")
for
pro
vid
ing
e-v
otin
g f
acili
tie
s.
Th
e e
-vo
tin
g r
igh
ts o
f th
e M
em
be
rs s
ha
ll b
e in
pro
po
rtio
n to
th
e p
aid
-up
va
lue
of th
eir
sh
are
s in
th
ee
qu
ity c
ap
ita
l o
f th
e C
om
pa
ny a
s o
n t
he
cu
t-o
ff d
ate
(i.e
. th
e r
eco
rd d
ate
), b
ein
g *
*da
y, 1
,2
014
. D
eta
iled
instr
uctio
ns fo
r ava
ilin
g th
e e
-vo
tin
g fa
cili
ty in
dic
ating
the
pro
ce
ss
an
d m
ann
er
of
e-v
otin
g a
re g
ive
n s
ep
ara
tely
in
th
e e
-vo
tin
g n
otice
se
nt
alo
ng
with
th
e A
nn
ua
l R
ep
ort
.T
he
Re
su
lts d
ecla
red
alo
ng
with
th
e S
cru
tin
ize
r's R
ep
ort
(s)
will
be
ava
ilab
le o
n th
e w
eb
site
of
the
Co
mp
an
y, w
ww
. a
nd
on
Be
eta
l’s w
eb
site
, h
ttp
s:/
/e
vo
tin
g.k
arv
y.co
m w
ith
in t
wo
(2
)d
ays o
f p
assin
g o
f th
e r
eso
lutio
ns a
nd
co
mm
un
ica
tio
n o
f th
e s
am
e t
o B
om
ba
y S
tock
Exc
ha
ng
e L
imite
d (
BS
E).
BY
OR
DE
R O
F T
HE
BO
AR
D O
F D
IRE
CT
OR
SP
LA
CE
: N
EW
DE
LH
I(D
R. N
IRA
J K
. SIN
GH
)D
AT
ED
: M
ay
30
, 2
01
4C
ha
irm
an
& M
an
ag
ing
Dir
ec
tor
2
SA
I IN
DU
ST
RIE
S L
IMIT
ED
3
DIR
EC
TO
RS
’ R
EP
OR
TTo
th
e S
ha
reh
old
ers
of
SA
I IN
DU
ST
RIE
S L
IMIT
ED
Th
e D
ire
cto
rs t
ake
ple
asu
re i
n p
rese
ntin
g t
he
Tw
en
ty T
hir
d A
nn
ua
l R
ep
ort
of
yo
ur
Co
mp
an
ya
nd
th
e A
ud
ite
d S
tate
me
nt
of
Acco
un
ts f
or
the
ye
ar
en
de
d o
n M
arc
h 3
1,
20
14
.T
he
fin
an
cia
l re
su
lts o
f yo
ur
Co
mp
an
y f
or
the
ye
ar
en
de
d o
n M
arc
h 3
1,
20
14
are
as f
ollo
ws:
20
13-1
420
12-1
3To
tal In
co
me
(1.1
1)
(0.4
2)
Pro
fit/
Lo
ss b
efo
re D
ep
recia
tio
n a
nd
Ta
x(3
.72
)(3
.56
)D
ep
recia
tio
n0
.08
0.1
2P
rofit/
Lo
ss b
efo
re T
ax
(3.8
0)
(3.6
8)
Pro
vis
ion
fo
r In
co
me
Ta
x (F
BT
)0
.00
0.0
0N
et
Pro
fit/
Lo
ss
(3.8
0)
(3.6
8)
Pro
fit(
+)/
Lo
ss(-
) b
rou
gh
t fo
rwa
rd(3
17
.77
)(3
14
.09
)A
ccu
mu
late
d L
oss
(32
1.5
6)
(31
7.7
7)
PE
RF
OR
MA
NC
E:T
he
pe
rfo
rma
nce
of
yo
ur
co
mp
an
y r
em
ain
ed
sta
gn
an
t d
uri
ng
th
e y
ea
r d
ue
to
pa
ucity o
f re
so
urc
es.
Eff
ort
s a
re b
ein
g m
ad
e t
o a
ug
me
nt
the
wo
rkin
g c
ap
ita
l o
f th
e C
om
pa
ny.
DIV
IDE
ND
Du
e to
in
ad
eq
ua
cy o
f p
rofits
, yo
ur
Dir
ecto
rs d
o n
ot re
co
mm
en
d p
aym
en
t o
f d
ivid
en
dfo
r th
e y
ea
r u
nd
er
rep
ort
.M
AN
AG
EM
EN
T D
ISC
US
SIO
N &
AN
ALY
SIS
RE
PO
RT
Ind
us
try
Tre
nd
s a
nd
Bu
sin
es
s A
na
lys
isA
lth
ou
gh
th
e g
lob
al
eco
no
mic
sce
na
rio
re
ma
ins
un
ce
rta
in,
ge
ne
ral e
lectio
ns h
ave
pro
vid
ed
a s
tab
le g
ove
rnm
en
t a
t th
e c
en
tre
. C
ap
ita
l M
ark
ets
are
like
ly to
sh
ow
po
sitiv
e m
ove
me
nts
, h
ow
eve
r, C
rud
e o
il p
rice
s r
em
ain
ele
va
ted
. H
igh
infla
tio
nco
ntin
ue
s t
o b
e a
ca
use
of
co
nce
rn a
nd
co
uld
po
se
a h
ind
ran
ce
in
re
du
ctio
n o
f in
tere
st
rate
s.
A c
ha
ng
e in
inve
stm
en
t se
ntim
en
t w
ill b
e th
e k
ey to
sp
urr
ing
gro
wth
. A fa
vo
ura
ble
mo
nso
on
will
act
as a
ca
taly
st
in p
rom
otin
g g
row
th.
OP
PO
RT
UN
ITIE
S A
ND
TH
RE
AT
SO
pp
ort
un
itie
s :
Th
e C
om
pa
ny h
op
es t
o c
ap
ita
lise
on
its
exp
eri
en
ce
an
d e
xpe
rtis
e a
nd
re
po
rta
be
tte
r p
erf
orm
an
ce
in
th
e c
om
ing
ye
ars
.T
hre
ats
:T
he
re i
s s
eve
re c
om
pe
titio
n i
n t
he
fin
an
cia
l se
rvic
es s
ecto
r. M
arg
ins h
ave
be
en
imp
acte
d w
ith
Pu
blic
Se
cto
r B
an
ks a
nd
la
rge
Pri
va
te S
ecto
r B
an
ks o
ffe
rin
g r
eta
il f
ina
ncia
lse
rvic
es.
Sm
all a
nd
mid
-siz
e N
BF
C’s
ha
ve
be
en
ma
rgin
alis
ed
.S
eg
me
nt
wis
e p
erf
orm
an
ce
: T
he
C
om
pa
ny i
s e
ng
ag
ed
pri
ma
rily
in
th
e b
usin
ess o
fIn
ve
stm
en
ts &
Fin
an
ce
an
d a
cco
rdin
gly
th
ere
are
no
se
pa
rate
re
po
rta
ble
as p
er
Acco
un
tin
gS
tan
da
rd 1
7.
Fu
ture
Pro
sp
ec
ts a
nd
Ou
tlo
ok
: W
ith
re
tail fin
an
cia
l se
rvic
es a
lmo
st h
avin
g b
ee
n m
on
op
olise
db
y P
ub
lic &
Pri
va
te S
ecto
rs B
an
ks, th
e C
om
pa
ny w
ill h
ave
to
de
ve
lop
nic
he
are
as f
or
itse
lf a
nd
exp
lore
me
an
s t
o s
ub
sta
ntia
lly in
cre
ase
its
in
ve
stib
le f
un
ds t
o p
art
icip
ate
in
th
e g
row
th o
f th
ee
co
no
my.
Th
e C
om
pa
ny is a
lso
lo
okin
g t
o p
rovid
ing
se
rvic
es t
o l
arg
e c
orp
ora
tes i
n I
nd
ia a
nd
abro
ad
.R
isk
s a
nd
Co
nc
ern
s: T
he
pe
rfo
rma
nce
of th
e C
om
pa
ny
is v
ery
clo
sely
linke
d w
ith
th
e c
on
ditio
ns
of
the
eco
no
my (
bo
th d
om
estic &
glo
ba
l) a
nd
is a
lso
ve
ry s
en
sitiv
e t
o t
he
flu
ctu
atio
ns i
n t
he
Ca
pita
l M
ark
ets
, in
tere
st
rate
s f
luctu
atio
ns,
infl
atio
n a
nd
cre
dit r
isks.
Inte
rna
l C
on
tro
l S
ys
tem
s a
nd
Th
eir
Ad
eq
ua
cy
: T
he
Co
mp
an
y h
as p
ut
in p
lace
an
ad
eq
ua
tesyste
m o
f in
tern
al
co
ntr
ols
wh
ich
are
mo
nito
red
on
a r
eg
ula
r b
asis
, co
mm
en
su
rate
with
th
en
atu
re o
f its b
usin
ess.
All
activitie
s a
re m
on
ito
red
to
pre
ve
nt
an
y u
na
uth
ori
se
d t
ran
sa
ctio
ns o
rm
isu
se
of
an
y a
sse
ts.
Th
e A
ud
it c
om
mitte
e o
f th
e B
oa
rd o
ve
rse
es a
nd
re
vie
ws t
he
ad
eq
ua
cy
of
inte
rna
l co
ntr
ols
at
reg
ula
r in
terv
als
. T
he
Co
mp
an
y h
as p
ut
in p
lace
a w
his
tle
blo
we
r p
olicy.
Fin
an
cia
l P
erf
orm
an
ce
: T
he
Co
mp
an
y r
ep
ort
ed
a l
oss o
f R
s.
3.8
0 L
acs d
uri
ng
th
e y
ea
ru
nd
er
revie
w a
s a
ga
inst a
lo
ss o
f R
s.
3.6
8 L
acs d
uri
ng
th
e p
revio
us y
ea
r. T
he
pa
id u
p c
ap
ita
l o
fth
e C
om
pa
ny s
too
d a
t R
s.
29
6.7
6 L
acs.
Th
e i
ssu
ed
an
d s
ub
scri
be
d c
ap
ita
l is
Rs.
30
0 L
acs.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
4
Allo
tme
nt
mo
ne
y d
ue
bu
t n
ot
rece
ive
d i
s R
s.
3.2
4 L
acs.
Hu
ma
n R
es
ou
rce
s:
Th
e m
an
ag
em
en
t o
f th
e C
om
pa
ny m
ain
tain
s c
ord
ial
rela
tio
ns w
ith
th
ee
mp
loye
es a
nd
co
nsid
ers
hu
ma
n c
ap
ita
l a
s o
ne
of
the
mo
st
va
lua
ble
re
so
urc
es.
DIR
EC
TO
RS
’ R
ES
PO
NS
IBIL
ITY
STA
TE
ME
NT
To
th
e b
est
of
the
ir k
no
wle
dg
e a
nd
be
lief
an
d a
cco
rdin
g t
o t
he
in
form
atio
n a
nd
exp
lan
atio
ns
ob
tain
ed
by th
em
, yo
ur
Dir
ecto
rs m
ake
th
e fo
llo
win
g s
tate
me
nt in
te
rms o
f S
ectio
n 2
17
(2A
A)
of
the
Co
mp
an
ies A
ct,
19
56
;i)
tha
t in
th
e p
rep
ara
tio
n o
f th
e a
nn
ua
l a
cco
un
ts,
the
ap
plic
ab
le a
cco
un
tin
g s
tan
da
rds h
ave
be
en
fo
llow
ed
;ii)
tha
t th
e d
ire
cto
rs h
ave
se
lecte
d s
uch
acco
un
tin
g p
olicie
s a
nd
ap
plie
d t
he
m c
on
sis
ten
tly
an
d m
ad
e ju
dg
em
en
ts a
nd
estim
ate
s t
ha
t w
ere
re
aso
na
ble
an
d p
rud
en
t so
as t
o g
ive
tru
ea
nd
fa
ir v
iew
of
the
sta
te o
f a
ffa
irs o
f th
e C
om
pa
ny a
t th
e e
nd
of
the
fin
an
cia
l ye
ar
an
d o
f th
elo
ss o
f th
e C
om
pa
ny f
or
the
ye
ar
un
de
r re
vie
w;
iii)
tha
t th
e d
ire
cto
rs h
ave
ta
ke
n p
rop
er
an
d s
uff
icie
nt
ca
re f
or
the
ma
inte
na
nce
of
ad
eq
ua
tea
cco
un
tin
g r
eco
rds in
acco
rda
nce
with
th
e p
rovis
ion
s o
f th
is A
ct fo
r sa
feg
ua
rdin
g th
e a
sse
tso
f th
e C
om
pa
ny a
nd
fo
r p
reve
ntin
g a
nd
de
tectin
g f
rau
d a
nd
oth
er
irre
gu
lari
tie
s;
iv)
tha
t th
e d
ire
cto
rs h
ave
pre
pa
red
th
e a
nn
ua
l a
cco
un
ts o
n g
oin
g c
on
ce
rn b
asis
.C
OR
PO
RA
TE
GO
VE
RN
AN
CE
A s
ep
ara
te s
ectio
n o
n C
orp
ora
te G
ove
rna
nce
fo
rmin
g p
art
of
the
Dir
ecto
r’s R
ep
ort
an
d t
he
ce
rtific
ate
fro
m t
he
Co
mp
an
y’s
Au
dito
rs c
on
firm
ing
th
e c
om
plia
nce
of
co
nd
itio
ns o
n C
orp
ora
teG
ove
rna
nce
as s
tip
ula
ted
in
Cla
use
49
of
the
Lis
tin
g A
gre
em
en
t is
in
clu
de
d i
n t
he
An
nu
al
Re
po
rt.
CO
NS
ER
VA
TIO
N O
F E
NE
RG
Y &
TE
CH
NO
LO
GY
AB
SO
RP
TIO
NA
s t
he
Co
mp
an
y is n
ot e
ng
ag
ed
in
ma
nu
factu
rin
g/p
roce
ssin
g,
it is n
ot in
a p
ositio
n t
o u
nd
ert
ake
an
y m
ea
su
re f
or
en
erg
y c
on
se
rva
tio
n o
r te
ch
no
log
y a
bso
rptio
n.
FO
RE
IGN
EX
CH
AN
GE
EA
RN
ING
S A
ND
OU
TG
OT
he
re w
as n
o in
co
me
or
exp
en
ditu
re in
Fo
reig
n E
xch
an
ge
du
rin
g t
his
pe
rio
d.
DE
PO
SIT
ST
he
Co
mp
an
y h
as n
o p
ub
lic d
ep
osits a
nd
ha
s n
eith
er
invite
d n
or
acce
pte
d a
ny
de
po
sit f
rom
th
e p
ub
lic d
uri
ng
th
is p
eri
od
.D
IRE
CT
OR
S M
rs.
Ju
hi
Sin
gh
, D
ire
cto
r re
tire
s b
y r
ota
tio
n a
nd
be
ing
elig
ible
, o
ffe
rs h
ers
elf f
or
rea
pp
oin
tme
nt.
Th
e B
oa
rd r
eco
mm
en
ds t
he
ap
po
intm
en
t o
f D
r. S
. M
. P
ath
ak a
nd
Mr.
Ha
rish
Ku
ma
r a
s N
on
Exe
cu
tive
, In
de
pe
nd
en
t D
ire
cto
rs t
o h
old
off
ice
fo
r 5
(five
) co
nse
cu
tive
ye
ars
. D
r.S
. M
. P
ath
ak a
nd
Mr.
Ha
rish
Ku
ma
r sh
all
no
t b
e l
iab
le t
o r
etire
by r
ota
tio
n.
LIS
TIN
G O
F E
QU
ITY
SH
AR
ES
Th
e E
qu
ity S
ha
res o
f yo
ur
co
mp
an
y a
re li
ste
d o
n D
elh
i, M
um
ba
ia
nd
Ch
en
na
i S
tock E
xch
an
ge
s.
Yo
ur
Co
mp
an
y h
as p
aid
th
e L
istin
g F
ee
up
to a
nd
in
clu
din
g t
he
fin
an
cia
l ye
ar
20
13
-14
to
BS
E L
imite
d.
Th
e p
en
din
g lis
tin
g f
ee
du
e t
o D
elh
i a
nd
Ch
en
na
i S
tock
Exc
ha
ng
es w
ill b
e p
aid
on
ce
th
e s
tatu
s o
f th
ese
sto
ck e
xch
an
ge
s i
s f
ina
lize
d.
EM
PL
OY
EE
S D
uri
ng
th
e y
ea
r, t
he
re w
as n
o e
mp
loye
e,
wh
ose
pa
rtic
ula
rs a
re r
eq
uir
ed
to
be
giv
en
un
de
r S
ectio
n 2
17
(2A
) o
f th
e C
om
pa
nie
s A
ct,
19
56
.A
UD
ITO
RS
In a
cco
rda
nce
with
th
e p
rovis
ion
s o
f C
om
pa
nie
s A
ct,
19
56
, M
/s. A
K G
& C
o.,
Ch
art
ere
d A
cco
un
tan
ts, sta
tuto
ry a
ud
ito
rs, re
tire
at th
e c
on
clu
sio
n o
f th
e A
nn
ua
l Ge
ne
ral M
ee
tin
ga
nd
be
ing
elig
ible
off
er
the
mse
lve
s f
or
re-a
pp
oin
tme
nt.
Th
e C
om
pa
ny h
as r
ece
ive
d c
ert
ific
ate
fro
m M
/s. A
K G
& C
o. to
th
e e
ffe
ct th
at th
eir
ap
po
intm
en
t, if
ma
de
, w
ou
ld b
e w
ith
in th
e p
rescri
be
dlim
it U
/s 2
24
(1-B
) o
f th
e C
om
pa
nie
s A
ct,
19
56
.A
CK
NO
WL
ED
GM
EN
TS
Yo
ur
Dir
ecto
rs t
ake
th
is o
pp
ort
un
ity o
f e
xpre
ssin
g t
he
ir g
ratitu
de
to
In
dia
n B
an
k,
Ha
uz K
ha
s,
Ne
w D
elh
i a
nd
all
asso
cia
tes f
or
the
co
op
era
tio
n a
nd
assis
tan
ce
ext
en
de
d t
o y
ou
r C
om
pa
ny.
BY
OR
DE
R O
F T
HE
BO
AR
D O
F D
IRE
CT
OR
SP
LA
CE
:
NE
W D
EL
HI
(DR
. N
IRA
J K
. S
ING
H)
DA
TE
D :
Ma
y 3
0,
20
14
Ch
air
ma
n &
Ma
na
gin
g D
ire
cto
r
SA
I IN
DU
ST
RIE
S L
IMIT
ED
5
RE
PO
RT
ON
CO
RP
OR
AT
E G
OV
ER
NA
NC
EIn
lin
e w
ith t
he
re
qu
irem
en
t fo
r p
rovid
ing
a “
Rep
ort
on
Co
rpo
rate
Go
vern
an
ce”
as p
er
Cla
use
49
of
the L
istin
g A
gre
em
en
t w
ith
th
e S
tock E
xch
an
ges,
giv
en
be
low
is t
he r
ep
ort
on
th
e C
om
pa
ny’s
Co
rpo
rate
Go
vern
an
ce n
orm
s.
CO
MP
AN
Y’S
PH
ILO
SO
PH
Y O
N C
OD
E O
F G
OV
ER
NA
NC
ET
he C
om
pa
ny’
s p
hilo
so
ph
y o
n C
orp
ora
te G
ove
rnan
ce e
nvis
ag
es t
ran
sp
are
ncy,
acco
un
tab
ility
an
dp
rop
riety
in th
e fu
nctio
nin
g o
f th
e C
om
pan
y an
d in
th
e c
on
du
ct o
f its
bu
sin
ess in
tern
ally
an
d e
xte
rnally
,in
clu
din
g i
ts i
nte
ractio
ns w
ith
em
plo
yees,
sh
are
ho
lders
, cre
dito
rs a
nd
oth
er
len
de
rs.
BO
AR
D O
F D
IRE
CT
OR
ST
he c
om
po
sitio
n o
f th
e B
oa
rd,
att
en
dan
ce a
t B
oard
Mee
ting
s h
eld
du
rin
g t
he f
ina
ncia
l year
un
der
revie
w a
nd
at
the
la
st
An
nu
al
Ge
ne
ral
Me
etin
g,
nu
mb
er
of
Dir
ec
tors
hip
s a
nd
me
mb
ers
hip
s/
ch
airm
an
sh
ips i
n p
ub
lic c
om
pa
nie
s (
inclu
din
g t
he C
om
pa
ny)
are
giv
en
be
low
:N
am
e o
f D
ire
cto
rC
ate
go
ryF
Y 2
01
3-1
4A
s o
n d
ate
Att
en
da
nc
e a
t
N
o. o
fC
om
mit
tee
BM
La
st
AG
M
D
ire
cto
rsh
ips
Me
mb
ers
Dr.
Niraj
Ku
mar
Sin
gh
Pro
mo
ter
6 Y
es 1
0E
xecu
tive
Mrs
. Ju
hi S
ing
hP
rom
ote
r6
Ye
s 1
4N
on
Exe
cu
tive
Dr.
S. M
. P
ath
ak
Ind
ep
en
de
nt
1 N
o 1
4N
on
Exe
cu
tive
Mr.
Ha
rish
Ku
mar
Ind
ep
en
de
nt
2 N
o 0
3N
on
Exe
cu
tive
Du
rin
g t
he y
ear
un
der
revie
w,
6 (
Six
) B
oard
Meetin
gs w
ere
held
as f
ollo
ws:
Da
te o
f B
oard
Me
etin
gB
oard
Str
en
gth
No
. o
f D
irecto
rs P
rese
nt
Ma
y 2
5, 2
01
3 4
3
Au
gu
st
10
, 2
01
34
3O
cto
be
r 2
3, 2
01
34
3N
ove
mb
er
09
, 2
01
34
3Ja
nu
ary
25
, 2
01
44
4F
eb
rua
ry 1
3 ,
20
14
43
Ch
an
ge
in D
ire
cto
rsh
ipM
rs.
Ju
hi
Sin
gh
, D
irecto
r re
tires b
y ro
tatio
n a
nd
bein
g e
ligib
le,
offers
hers
elf
for
reap
po
intm
en
t. T
he
Bo
ard
reco
mm
en
ds t
he a
pp
oin
tmen
t o
f D
r. S
. M
. P
ath
ak a
nd
Mr. H
arish
Ku
mar
as N
on
Exe
cu
tive,
Ind
ep
en
den
t D
irecto
rs t
o h
old
offic
e f
or
5 (
five)
co
nsecu
tive y
ears
. D
r. S
. M
. P
ath
ak a
nd
Mr. H
arish
Ku
mar
sh
all
no
t b
e lia
ble
to
retir
e b
y ro
tatio
n.
AU
DIT
CO
MM
ITT
EE
Th
e A
ud
it C
om
mitte
e c
on
sis
ts o
f th
ree d
irecto
rs.
It p
rovid
es d
irectio
n t
o a
ud
it fu
nctio
ns,
revi
ew
s t
he
fin
an
cia
l a
cco
un
ts,
inte
racts
with
sta
tuto
ry a
ud
ito
rs a
nd
revie
ws m
att
ers
of
sp
ecia
l in
tere
st.
Th
eC
om
mitte
e m
ee
ts r
eg
ula
rly
to c
arr
y o
ut
its f
un
ctio
ns.
Th
e q
uo
rum
fo
r a m
ee
ting
of
au
dit
co
mm
ittee
is a
ny
two
directo
rs p
ers
on
ally
pre
sen
t a
t th
e m
eetin
g.
Me
mb
ers
of
the
Au
dit C
om
mitte
e a
re M
r.H
arish
Ku
mar,
Dr.
S. M
. P
ath
ak,
an
d M
rs. Ju
hi S
ing
h.
Mr.
Ha
rish
Ku
mar
is th
e C
hairm
an
of
the
Au
dit
Co
mm
itte
e.
Da
te o
f M
eetin
gS
tren
gth
No
. o
f M
em
bers
Pre
se
nt
Ma
y 2
5, 2
01
33
2A
ug
ust
10
, 2
01
33
2N
ove
mb
er
09
, 2
01
33
2F
eb
rua
ry 1
3 ,
20
14
32
In t
erm
s o
f th
e r
eq
uirem
en
ts u
nd
er
co
rpo
rate
go
vern
an
ce p
ractic
es,
arr
an
gem
en
ts f
or
pre
se
nce o
fM
r. H
arish
Ku
mar
at
the
fo
rth
co
min
g A
GM
in
Sep
tem
ber
20
14
are
be
ing
mad
e.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
6
RE
MU
NE
RA
TIO
N C
OM
MIT
TE
ET
he C
om
pa
ny
has c
on
stitu
ted
a R
em
un
era
tio
n C
om
mitte
e c
on
sis
ting
of
Ind
ep
en
de
nt N
on
-Exe
cu
tive
Directo
rs,
Dr. S
. M
. P
ath
ak a
nd
Mr. H
arish
Ku
ma
r. T
he
co
mm
itte
e d
id n
ot
me
et
du
rin
g t
he
yea
r.R
EM
UN
ER
AT
ION
TO
DIR
EC
TO
RS
No
rem
un
era
tio
n w
as p
aid
to
th
e D
ire
cto
rs d
urin
g t
he
yea
r.C
OD
E O
F C
ON
DU
CT
FO
R T
HE
PR
EV
EN
TIO
N O
F IN
SID
ER
TR
AD
ING
Th
e C
om
pa
ny
has p
ut
in p
lace a
Co
de o
f C
on
du
ct
for
the p
reve
ntio
n o
f In
sid
er
Tra
din
g.
Dire
cto
rs,
Pro
mo
ter
Gro
up
an
d D
esig
na
ted
Em
plo
yees o
f th
e C
om
pan
y can
tra
nsact
in t
he s
ecu
rities o
f th
eC
om
pan
y w
ithin
th
e T
rad
ing
Win
do
w,
wh
ich
sh
all
rem
ain
clo
sed
du
rin
g s
uch
pe
rio
ds a
s d
ecid
ed
by t
he
Co
mp
an
y a
t th
e t
ime
of
dis
sem
inatio
n o
f an
y p
rice s
en
siti
ve in
form
atio
n in
clu
din
g d
ecla
ratio
no
f fin
an
cia
l re
su
lts o
r an
y co
rpo
rate
actio
ns.
DE
TA
ILS
OF
LA
ST
TH
RE
E A
NN
UA
L G
EN
ER
AL M
EE
TIN
GS
Ye
ar
Lo
cati
on
Date
Day
Tim
e2
011
2n
d F
loo
r, A
uro
bin
do
Pla
ce,
30
/09
/20
11
Frid
ay
12
.30 P
.M.
Ha
uz K
has,
New
Delh
i-11
00
16
20
12
2n
d F
loo
r, A
uro
bin
do
Pla
ce,
29
/09
/20
12
Satu
rda
y1
0.0
0 A
.M.
Ha
uz K
has,
New
Delh
i-11
00
16
20
13
2n
d F
loo
r, A
uro
bin
do
Pla
ce,
30
/09
/20
13
Mon
day
10.0
0 A
.M.
Ha
uz K
has,
New
Delh
i-11
00
16
Wh
eth
er
Sp
ecia
l R
eso
lutio
n w
ere
pu
t th
rou
gh
Po
sta
l B
allo
t, l
ast
yea
r?N
oA
re v
ote
s p
rop
osed
to
be c
on
du
cte
d t
hro
ug
h p
osta
l b
allo
t, t
his
yea
r?N
oD
ISC
LO
SU
RE
S1
Th
e C
om
pa
ny h
as c
om
plie
d w
ith
va
rio
us r
ule
s a
nd
re
gu
latio
ns p
rescri
be
d b
y S
tock
Exch
an
ges,
SE
BI
or
an
y o
ther
Sta
tuto
ry A
uth
oritie
s r
ela
tin
g t
o t
he
Ca
pital
Mark
ets
du
rin
g t
he l
ast
thre
e y
ea
rs.
No
pen
altie
s o
r str
ictu
res h
ave
been
im
po
se
d b
y th
em
on
th
e C
om
pan
y.2
Du
rin
g t
he y
ear
un
der
revi
ew
, b
esid
es t
he t
ran
sactio
ns r
ep
ort
ed
els
ew
he
re i
n t
he A
nn
ual
Re
po
rt,
the
re w
ere
no
oth
er
rela
ted
part
y tr
an
sa
ctio
ns w
ith
its
pro
mo
ters
, d
ire
cto
rs,
ma
nag
em
en
ta
nd
asso
cia
te c
om
pa
nie
s.
SH
AR
EH
OL
DE
RS
INF
OR
MA
TIO
N1
. a)
An
nu
al
Ge
nera
l M
eetin
gD
ate
an
d T
ime
Tu
esd
ay,
30
th S
ep
tem
ber,
20
14
at
10
:00
a.m
.V
en
ue
2n
d F
loo
r, A
uro
bin
do
Pla
ce,
Ha
uz K
has,
New
Delh
i-11
00
16
b)
Bo
ok C
losu
re D
ate
16
-09
-20
14
to
30
-09
-20
14
(B
oth
da
ys i
nclu
siv
e)
c)
Fin
an
cia
l Cale
nd
ar
Fin
an
cia
l R
ep
ort
ing
fo
r th
e Q
uart
er
en
din
g J
un
e 3
0,
20
14
S
eco
nd
week o
f A
ug
ust,
20
14
Fin
an
cia
l R
ep
ort
ing
fo
r th
e Q
uart
er
en
din
g S
ep
tem
ber
30
, 2
01
4
Seco
nd
wee
k o
f N
ov
20
14
Fin
an
cia
l R
ep
ort
ing
fo
r th
e Q
uart
er
en
din
g D
ecem
ber
31
, 2
01
4
Se
co
nd
we
ek o
f F
eb
, 2
01
5F
inan
cia
l R
ep
ort
ing
fo
r th
e Q
uart
er
en
din
g M
arc
h 3
1,
20
15
L
ast w
eek o
f M
ay,
20
15
AG
M fo
r th
e y
ea
r en
ded
Ma
rch
31
, 2
01
5
L
ast
we
ek o
f S
ep
tem
be
r,2
01
5d
)D
ivid
en
d P
aym
en
t D
ate
No
t A
pp
licab
lee
)S
tock E
xch
an
ge L
istin
gM
um
ba
i, D
elh
i an
d C
hen
nai
f)S
tock E
xch
an
ge C
od
eB
SE
Lim
ite
d5
30
90
5D
elh
i S
tock E
xch
an
ge
19
47
5M
ad
ras S
tock E
xch
an
ge
SS
ITM
AR
KE
T P
RIC
E D
ATA
(R
S.)
Bo
mb
ay S
toc
k E
xc
han
ge
Mon
thH
igh
Lo
wA
pr. 2
01
3 —
—M
ay
20
13
—
—
SA
I IN
DU
ST
RIE
S L
IMIT
ED
7
Ju
ne 2
01
3 —
—Ju
ly 2
01
3 —
—A
ug
. 2
01
3 —
—S
ep
t. 2
01
3 —
—O
ct.
20
13
—
—N
ov.
20
13
—
—D
ec.
20
13
—
—Jan
. 2
01
4 —
—F
eb
. 2
01
4 —
—M
ar.
20
14
—
—R
EG
IST
RA
RS
AN
D S
HA
RE
TR
AN
SF
ER
AG
EN
TT
he C
om
pa
ny
has a
pp
oin
ted
M/s
. B
eeta
l Fin
an
cia
l & C
om
pu
ter
Serv
ice
s (
P)
Ltd
., B
eeta
l Ho
use, 3
rdF
loo
r, 9
9,
Mad
an
gir,
Ne
w D
elh
i -
11
00
62
as S
ha
re T
ran
sfe
r A
gen
t. S
hare
tra
nsfe
rs a
nd
sh
are
ho
lder
qu
erie
s/c
om
pla
ints
are
han
dle
d b
y t
he S
hare
Tra
nsfe
r A
gen
t.E
ID f
or
Inve
sto
r G
rieva
nce
sa
i@vsn
l.c
om
We
bsite
the
sa
igro
up
.in
Th
e w
eb
site
dis
pla
ys a
ll in
vesto
r re
late
d i
nfo
rma
tio
n.
ME
AN
S O
F C
OM
MU
NIC
AT
ION
Si)
Ha
lf yearly
rep
ort
sen
t to
each
ho
use
ho
ld o
f sh
are
ho
lder
N
oii)
Qu
art
erly
resu
lts s
en
t to
each
sh
are
ho
lder
No
iii)
In w
hic
h N
ew
s P
ap
ers
th
e r
esu
lts a
re n
orm
ally
pu
blis
hed
Th
e P
oin
eer
an
dH
ari B
hu
mi
iv)
An
y w
eb
site,
wh
ere
resu
lts a
re d
isp
layed
the
sa
igro
up
.in
v)W
heth
er
MD
& A
are
part
of A
nn
ual R
ep
or
Ye
svi
)W
heth
er
sh
are
ho
lders
in
form
atio
n s
yste
m i
s p
art
of
An
nu
al
Rep
ort
Ye
sS
HA
RE
TR
AN
SF
ER
CO
MM
ITT
EE
Th
e s
hare
tra
nsfe
r co
mm
itte
e c
on
sid
ers
an
d a
pp
roves s
ha
re t
ran
sfe
rs i
n t
he
ph
ysic
al
form
SH
AR
EH
OL
DE
R &
INV
ES
TO
R G
RIE
VA
NC
E C
OM
MIT
TE
ES
hare
ho
lde
rs/In
vesto
r G
rie
van
ce
Co
mm
itte
e c
on
sis
ts o
f M
r. H
arish
Ku
ma
r, D
r. S
. M
. P
ath
ak a
nd
Mrs
. Ju
hi
Sin
gh
. T
he C
om
mitte
e is c
haire
d b
y M
r. H
arish
Ku
ma
r. S
hare
Tra
nsfe
r C
om
mitte
e d
ea
lsw
ith
ap
pro
val
of
issu
e o
f d
up
licate
sh
are
cert
ific
ate
s a
nd
re
view
s a
ll m
att
ers
co
nn
ecte
d w
ith
th
ese
cu
rity
tra
nsfe
r a
nd
red
ressa
l o
f S
hare
ho
lders
an
d I
nve
sto
r G
rieva
nce
lik
e t
ran
sfe
r o
f sh
are
s,
no
n-
receip
t o
f B
ala
nce S
he
et
etc
. O
ne C
om
pla
int
was r
ece
ive
d d
urin
g t
he y
ear
an
d t
he s
am
e h
as b
een
reso
lve
d.
No
sh
are
ho
lders
in
vesto
r g
rie
van
ce
is p
en
din
g a
ga
inst
the
Co
mp
an
y.C
om
plia
nce
Off
ice
rT
he B
oard
ha
s d
esig
nate
d M
r. V
ed
Pa
rka
sh
as t
he C
om
plia
nce
Offic
er.
AD
DR
ES
S F
OR
CO
RR
ES
PO
ND
EN
CE
All
qu
eries o
f in
vesto
rs m
ay
be s
en
t at
the
fo
llow
ing
ad
dre
ss:
20
4,
Au
rob
ind
o P
lace
, N
ew
De
lhi-11
00
16
or
M/s
Be
eta
l F
ina
nce
& C
om
pu
ter
Se
rvic
e P
vt.
Ltd
.,B
eeta
l H
ou
se
, 3
rd F
loo
r, 9
9,
Mad
an
gir,
New
Delh
i-11
00
62
Dis
clo
su
res
1.
Th
e C
om
pa
ny h
as c
om
plie
d w
ith
all
man
da
tory
re
qu
ire
me
nts
of
the
cla
use
an
d i
s g
rad
ually
mo
vin
g t
ow
ard
s c
om
pla
ince
of
no
n-m
an
da
tory
req
uire
me
nts
.2
. N
o p
en
alty
or
str
ictu
res h
ave
be
en
im
po
sed
on
th
e C
om
pan
y b
y S
tock E
xch
an
ges o
r S
EB
I d
urin
gth
e l
ast
thre
e y
ears
.4
. T
he
Co
mp
an
y m
ain
tain
s t
ran
sp
are
ncy in
its
op
era
tion
s a
nd
has a
wh
istle b
low
er
po
licy
in p
lace.
No
pers
on
has b
een
den
ied
acce
ss t
o t
he A
ud
it C
om
mitt
ee.
LIS
TIN
G O
N S
TO
CK
EX
CH
AN
GE
Bo
mb
ay,
Delh
i &
Mad
ras S
tock E
xch
an
ges
Th
e C
om
pa
ny
has n
ot
issu
ed
an
y G
DR
s/A
DR
s/W
arr
an
ts o
r an
y c
on
vert
ible
in
str
um
en
ts.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
8
SH
AR
EH
OL
DIN
G P
AT
TE
RN
OF
TH
E C
OM
PA
NY
AS
ON
31S
T M
AR
CH
, 2014
Sl. N
o.
Ca
teg
ory
No
. of S
ha
res
% o
f S
ha
reh
old
ing
1P
rom
ote
rs H
old
ing
i)
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ian
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mo
ters
12
31
39
74
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NR
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ote
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mo
ters
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ldin
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ks
11
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00
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rpo
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die
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dia
n P
ub
lic1
36
74
03
45
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iv)
NR
I’s
-To
tal
30
00
00
01
00
DIS
TR
IBU
TIO
N O
F S
HA
RE
HO
LD
ING
AS
ON
31S
T M
AR
CH
, 2014
Sh
are
or
De
be
ntu
reS
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eb
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ture
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l va
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l
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(2)
(3)
(4)
(5)
Up
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27
87
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92
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10
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01
10
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80
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58
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16
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20
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74
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21
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0.7
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To
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16
27
10
03
00
00
00
01
00
SH
AR
E T
RA
NS
FE
R S
YS
TE
MS
hare
tra
nsfe
rs i
n p
hys
ica
l fo
rm a
re r
eg
iste
red
by t
he
Co
mp
an
y a
nd
retu
rne
d t
o t
ran
sfe
rees w
ithin
a p
erio
d o
f fif
teen
da
ys,
pro
vid
ed
th
e d
ocu
men
ts l
od
ged
are
cle
ar
in a
ll re
sp
ects
.U
NC
LA
IME
D D
IVID
EN
DN
ot
Ap
plic
ab
leB
AN
K D
ETA
ILS
Sh
are
ho
lders
are
re
qu
este
d t
o n
otify
/sen
d t
he f
ollo
win
g t
o t
he C
om
pan
y t
o f
acili
tate
bett
er
se
rvic
e:
i)an
y ch
an
ge i
n t
heir a
dd
ress/b
an
k d
eta
ils,
an
dii)
pa
rtic
ula
rs o
f th
eir b
an
k a
cco
un
t, i
n c
ase t
he
sam
e h
ave
no
t b
een
sen
t ea
rlie
r.D
EP
OS
ITO
RY
SE
RV
ICE
ST
he C
om
pa
ny’s
se
cu
rities h
ave
no
t ye
t b
ee
n d
em
ate
rialis
ed
NO
MIN
AT
ION
FA
CIL
ITY
Sh
are
ho
lders
desiro
us o
f m
akin
g a
no
min
atio
n in
re
sp
ect
of
their s
hare
ho
ldin
g in
th
e C
om
pa
ny,
as
pe
rmitte
d u
nd
er
sectio
n 1
09
A o
f th
e C
om
pan
ies A
ct,
19
56
are
req
ueste
d t
o s
ub
mit t
he
sa
me t
o t
he
Co
mp
an
y in
th
e p
rescrib
ed
Fo
rm 2
B.
BY
OR
DE
R O
F T
HE
BO
AR
D O
F D
IRE
CT
OR
SS
d/-
Pla
ce
: N
ew
Delh
i(D
R. N
IRA
J K
. SIN
GH
)D
ate
d:
Ma
y 3
0, 2
01
4C
ha
irm
an
& M
an
ag
ing
Dir
ec
tor
SA
I IN
DU
ST
RIE
S L
IMIT
ED
AU
DIT
OR
S C
ER
TIF
ICA
TE
To
th
e M
em
be
rs o
f S
ai
Ind
ustr
ies L
imited
We
ha
ve e
xam
ine
d t
he r
ep
ort
of
Co
rpo
rate
Go
vern
an
ce p
resen
ted
by
the B
oa
rd o
f D
ire
cto
rs o
f S
ai
Ind
ustr
ies L
imited
fo
r th
e y
ea
r e
nd
ed
31
st
Ma
rch
, 2
01
3 a
s s
tip
ula
ted
in
cla
use
41
of
the
Lis
tin
gA
gre
em
en
t o
f th
e s
aid
co
mp
an
y w
ith
Sto
ck E
xch
an
ge
s.
Th
e c
om
plia
nce o
f co
nd
itio
ns o
f co
rpo
rate
go
vern
an
ce is t
he r
esp
on
sib
ility
of
the
man
ag
em
en
t. O
ur
exam
inatio
n w
as l
imite
d t
o p
roced
ure
s a
nd
im
ple
me
nta
tio
n t
here
of,
ad
op
ted
by
the c
om
pa
ny f
or
en
su
rin
g t
he
co
mp
lian
ce
of
the
co
nd
itio
ns o
f th
e c
orp
ora
te g
ove
rnan
ce.
It is n
eith
er
an
au
dit
no
r an
exp
ressio
n o
f o
pin
ion
on
th
e F
ina
ncia
l S
tate
me
nts
of
the
Co
mp
an
y.In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o t
he i
nfo
rmatio
n a
nd
exp
lan
atio
ns g
iven
to
us t
he
Co
mp
an
y h
as
taken
ste
p t
o c
om
ply
with
th
e c
on
diti
on
s o
f co
rpo
rate
go
vern
an
ce
, to
th
e e
xten
t a
pp
licab
le a
nd
as
stip
ula
ted
in
th
e a
fore
said
lis
tin
g a
gre
em
en
t.W
e s
tate
th
at
no
in
vesto
r g
rie
van
ce i
s p
en
din
g f
or
the p
erio
d e
xcee
din
g o
ne m
on
th a
gain
st
the
Co
mp
an
y as p
er
reco
rds m
ain
tain
ed
by t
he S
hare
ho
lde
r’s G
rieva
nce
Co
mm
itte
e.
We
fu
rth
er
sta
te t
hat
su
ch
co
mp
lian
ce is
ne
ithe
r a
ny
assu
ran
ce a
s t
o f
utu
re v
iab
ility
of
the C
om
pa
ny
no
r th
e e
ffic
ien
cy
or
eff
ectiven
ess w
ith
wh
ich
th
e m
an
ag
em
en
t h
as c
on
du
cte
d t
he a
ffa
irs o
f th
eco
mp
an
y.F
or A
KG
& C
om
pa
ny
Ch
art
ere
d A
cco
un
tan
tsS
d/-
Pla
ce:
New
Delh
iA
nil
K.
Go
el
Da
ted
: M
ay 3
0, 2
01
4P
art
ne
rC
EO
/CF
O C
ER
TIF
ICA
TIO
NI, D
r. N
iraj
Ku
mar
Sin
gh
, in
my
cap
acity
as C
hairm
an
& M
an
ag
ing
Directo
r d
o h
ere
by
co
nfirm
an
dce
rtify
tha
t:a
)I
have
re
vie
wed
th
e f
inan
cia
l sta
tem
en
ts a
nd
cash
th
e c
ash
flo
w s
tate
men
t fo
r th
eye
ar
an
d t
ha
t to
th
e b
est
of
my
kn
ow
led
ge a
nd
be
lief,
I s
tate
th
at:
i)T
hese s
tate
men
ts d
o n
ot
co
nta
in a
ny
mate
ria
lly u
ntr
ue
sta
tem
en
t o
r o
mit a
ny
mate
ria
l fa
ct
or
co
nta
in s
tate
me
nts
th
at
mig
ht
be m
isle
ad
ing
;ii)
Th
ese s
tate
men
ts t
og
eth
er
pre
sen
t a t
rue a
nd
fair v
iew
of
the C
om
pan
y’s
aff
air
s a
nd
are
in
co
mp
lian
ce w
ith
exis
tin
g a
cco
un
tin
g s
tan
da
rds,
ap
plic
ab
le l
aw
s a
nd
reg
ula
tio
ns.
b)
Th
ere
are
, to
th
e b
est o
f m
y kn
ow
led
ge a
nd
be
lief,
no
tra
nsactio
ns e
nte
red
into
by th
e C
om
pa
ny
du
rin
g t
he y
ear
wh
ich
are
fra
ud
len
t, i
lleg
al o
r vo
ilative
of
Co
mp
an
y’s
co
de o
f co
nd
uct.
c)
I acce
pt
resp
on
sib
ility
fo
r esta
blis
hin
g a
nd
ma
inta
inin
g i
nte
rnal
co
ntr
ols
fo
r fin
an
cia
lre
po
rtin
g a
nd
I h
ave e
valu
ate
d t
he e
ffe
ctin
ess o
f in
tern
al
co
ntr
ol
syste
ms o
f th
eC
om
pan
y p
ert
ain
ing
to
fin
an
cia
l re
po
rtin
g a
nd
I h
ave
dis
clo
sed
to
th
e A
ud
itors
an
dA
ud
it C
om
mitte
e,
de
ficie
ncie
s i
n t
he
desig
n o
r o
pe
ratio
n o
f su
ch
in
tern
al
co
ntr
ols
,if a
ny,
of
wh
ich
I a
m a
ware
an
d t
he s
tep
s I
have t
ake
n o
r p
rop
ose t
o t
ake t
ore
ctify
th
ese d
eficie
ncie
s.
d)
Du
rin
g t
he y
ear
un
der
refe
ren
ce:
i)T
here
were
no
sig
nific
an
t ch
an
ge
s i
n t
he i
nte
rnal
co
ntr
ol o
ver
fin
an
cia
l r
ep
ort
ing
;ii)
No
sig
nific
an
t ch
an
ges i
n a
cco
un
ting
po
licie
s w
ere
mad
e t
ha
t re
qu
ire
dis
clo
su
re i
n t
he n
ote
s t
o t
he
fin
an
cia
l sta
tem
en
ts;
an
diii)
No
in
sta
nces o
f sig
nific
an
t fr
au
d a
nd
th
e in
vo
lvem
en
t th
ere
in,
if a
ny,
of
the
Ma
nag
em
en
t o
r e
mp
loye
e h
avin
g a
sig
nifi
can
t ro
le i
n t
he C
om
pan
y’s
inte
rnal
co
ntr
ol
syste
m o
ver
finan
cia
l re
po
rtin
g h
as c
om
e t
o m
y kn
ow
led
ge.
s
d/-
Dr.
Nir
aj K
um
ar
Sin
gh
Ch
air
ma
n &
Ma
na
gin
g D
ire
cto
r
9
SA
I IN
DU
ST
RIE
S L
IMIT
ED
10
Au
dit
or’
s R
ep
ort
TO
TH
E M
EM
BE
RS
SA
I IN
DU
ST
RIE
S L
IMIT
ED
Re
po
rt o
n th
e F
ina
nc
ial S
tate
me
nts
We h
ave a
ud
ite
d t
he a
cco
mp
an
yin
g F
ina
ncia
l S
tate
me
nts
of
SA
I IN
DU
ST
RIE
S L
IMIT
ED
wh
ich
co
mp
rise o
f th
e B
ala
nce S
heet as a
t 3
1st M
arc
h, 2
01
4, an
d th
e S
tate
me
nt o
f P
rofit an
d L
oss a
nd
th
e
Ca
sh
Flo
w S
tate
men
t fo
r th
e y
ear
en
ded
on
th
at
date
, a
nd
a s
um
ma
ry o
f sig
nific
an
t a
cco
un
tin
g
po
licie
s a
nd
No
tes t
o A
cco
un
ts a
nn
exe
d t
he
reto
.
Ma
na
ge
me
nt’
s R
es
po
ns
ibilit
y fo
r th
e F
ina
nc
ial S
tate
me
nts
Ma
nag
em
en
t is
resp
on
sib
le f
or
the p
rep
ara
tion
of
the
se f
inan
cia
l sta
tem
en
ts t
ha
t g
ive
a t
rue a
nd
fair v
iew
of th
e fin
an
cia
l po
sitio
n, fin
an
cia
l pe
rfo
rman
ce a
nd
cash
flo
ws o
f th
e C
om
pa
ny
in a
cco
rdan
ce
with
th
e A
cco
un
tin
g S
tan
da
rds r
efe
rred
to
in
su
b-s
ectio
n (
3C
) o
f sectio
n 2
11
of
the C
om
pa
nie
s A
ct,
19
56
(“t
he A
ct”
) re
ad
with
th
e G
en
era
l C
ircu
lar
15
/20
13
date
d 1
3th
Se
pte
mb
er,
20
13
of
the
Min
istr
y
of C
orp
ora
te A
ffairs in
re
sp
ect o
f S
ectio
n 1
33
of th
e C
om
pan
ies A
ct,
20
13
an
d in
acco
rda
nce
with
th
e
ac
co
un
tin
g p
rin
cip
les g
en
era
lly a
cc
ep
ted
in
In
dia
. T
his
re
sp
on
sib
ilit
y i
nc
lud
es t
he
de
sig
n,
imp
lem
en
tatio
n a
nd
main
ten
an
ce o
f in
tern
al co
ntr
ol re
levan
t to
th
e p
rep
ara
tio
n a
nd
pre
sen
tatio
n o
f
the
fin
an
cia
l sta
tem
en
ts t
ha
t g
ive a
tru
e a
nd
fair
vie
w a
nd
are
fre
e f
rom
mate
ria
l m
issta
tem
en
t,
wh
eth
er
du
e t
o f
rau
d o
r e
rro
r.
Au
dit
or’
s R
es
po
ns
ibilit
y
Ou
r re
sp
on
sib
ility
is t
o e
xpre
ss a
n o
pin
ion
on
th
ese f
inan
cia
l sta
tem
en
ts b
ased
on
ou
r au
dit.
We
co
nd
ucte
d o
ur au
dit in
acco
rdan
ce w
ith
th
e S
tan
da
rds o
n A
ud
itin
g is
su
ed
by
the In
stit
ute
of C
hart
ere
d
Acco
un
tan
ts o
f In
dia
. T
ho
se S
tan
dard
s r
eq
uire t
ha
t w
e c
om
ply
with
eth
ical
req
uirem
en
ts a
nd
pla
n
an
d p
erf
orm
th
e a
ud
it to
ob
tain
reaso
na
ble
assu
ran
ce a
bo
ut
wh
eth
er
the f
inan
cia
l sta
tem
en
ts a
re
free
fro
m m
ate
ria
l m
issta
tem
en
t.
An
au
dit
invo
lve
s p
erf
orm
ing
pro
ced
ure
s to
ob
tain
au
dit
evi
den
ce a
bo
ut th
e a
mo
un
ts a
nd
dis
clo
su
res
in t
he
fin
an
cia
l sta
tem
en
ts.
Th
e p
roced
ure
s s
ele
cte
d d
ep
en
d o
n t
he a
ud
itor’s j
ud
gm
en
t, i
nclu
din
g
the a
ssessm
en
t o
f th
e r
isks o
f m
ate
ria
l m
issta
tem
en
t o
f th
e f
inan
cia
l sta
tem
en
ts,
wh
eth
er
du
e t
o
frau
d o
r err
or. I
n m
akin
g t
ho
se r
isk a
ssessm
en
ts,
the
au
dito
r co
nsid
ers
in
tern
al
co
ntr
ol
rele
van
t to
the C
om
pa
ny’
s p
rep
ara
tio
n a
nd
fair p
rese
nta
tion
of
the f
inan
cia
l sta
tem
en
ts in
ord
er
to d
esig
n a
ud
it
pro
ce
du
res t
ha
t a
re a
pp
rop
riate
in
th
e c
ircu
msta
nce
s,
bu
t n
ot
for
the
pu
rpo
se
of
exp
ressin
g a
n
op
inio
n o
n t
he e
ffe
ctive
ne
ss o
f th
e C
om
pan
y’s
in
tern
al
co
ntr
ol. .
An
au
dit a
lso
in
clu
de
s e
valu
atin
g
the a
pp
rop
riate
ness o
f acco
un
ting
po
licie
s u
se
d a
nd
th
e r
ea
so
nab
len
ess o
f th
e a
cco
un
tin
g e
stim
ate
s
ma
de b
y m
an
ag
em
en
t, a
s w
ell
as e
valu
atin
g t
he o
vera
ll p
resen
tatio
n o
f th
e f
ina
ncia
l sta
tem
en
ts.
We
belie
ve t
hat
the
au
dit
evi
den
ce w
e h
ave
ob
tain
ed
is s
uffic
ien
t a
nd
ap
pro
priate
to
pro
vid
e a
basis
for
ou
r a
ud
it o
pin
ion
.
Op
inio
n
In o
ur
op
inio
n a
nd
to
th
e b
est
of
ou
r in
form
atio
n a
nd
acco
rdin
g t
o t
he
exp
lan
atio
ns g
ive
n t
o u
s,
the
sa
id F
ina
ncia
l S
tate
men
ts r
ead
to
geth
er
with
th
e S
ign
ific
an
t A
cco
un
ting
Po
licie
s a
nd
th
e N
ote
s o
n
Fin
an
cia
l S
tate
men
ts a
pp
ea
rin
g th
ere
on
, g
ive t
he in
form
atio
n r
eq
uired
by
the C
om
pan
ies A
ct,
19
56
,
in t
he
ma
nn
er
so
re
qu
ired
, an
d g
ive a
tru
e a
nd
fa
ir v
iew
in
co
nfo
rmity
with
th
e a
cco
un
ting
prin
cip
les
ge
nera
lly a
ccep
ted
in
In
dia
:
(i)
In s
o f
ar
as it
rela
tes t
o B
ala
nce
Sh
ee
t, o
f th
e s
tate
of
aff
air
s o
f th
e c
om
pa
ny a
s a
t 3
1st
Ma
rch
, 2
01
4
(ii)
In s
o f
ar
as it
rela
tes t
o t
he
Sta
tem
en
t o
f P
rofi
t a
nd
Lo
ss,
of
the
Pro
fit
for
the
ye
ar
en
de
d
on
th
at
da
te.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
11
(iii)
In s
o f
ar
as it
rela
tes t
o t
he
Ca
sh
Flo
w S
tate
me
nt,
of
the
Ca
sh
Flo
ws f
or
the
ye
ar
en
de
d o
n t
ha
t d
ate
.
Sp
ec
ial
Me
nti
on
Inve
stm
en
ts i
n e
qu
ity i
nve
stm
en
ts i
s n
ot
asce
rta
ina
ble
in
ab
se
nce
of
an
y r
elia
ble
da
ta /
info
rma
tio
n w
ith
re
sp
ect
to t
he
ma
rke
t p
rice
of
qu
ote
d e
qu
ity s
ha
res f
or
the
pu
rpo
se
of
imp
ari
me
nt
testin
g,
ho
we
ve
r, t
he
ma
na
ge
me
nt
is o
f th
e o
pin
ion
, th
e r
ele
asa
ble
va
lue
of
inve
stm
en
ts is a
t le
ast
eq
ua
l to
th
e b
oo
k v
alu
e, h
en
ce
no
fu
rth
er
pro
vis
ion
fo
r d
imin
ish
me
nt
in
va
lue
ha
s b
ee
n m
ad
e.
Re
po
rt o
n o
the
r L
eg
al
an
d R
eg
ula
tory
Re
qu
ire
me
nts
1.
As re
quir
ed b
y th
e C
om
pan
ies
(Aud
ito
r’s R
ep
ort
) O
rde
r 2
00
3 a
s a
me
nd
ed
by the
Com
pa
nie
s
(Au
dito
r’s R
epo
rt)
(Am
en
dm
en
t) O
rde
r, 2
00
4 (‘th
e o
rde
r’) is
su
ed
by
the
Ce
ntr
al G
ove
rnm
en
t
of
Ind
ia i
n t
erm
s o
f su
bse
ctio
n (
4A
) o
f S
ectio
n 2
27
of
the
Co
mp
an
ies A
ct,
19
56
, w
e
en
clo
se
in
th
e a
nn
exu
re h
ere
to a
sta
tem
en
t o
n t
he
ma
tte
rs s
pe
cif
ied
in
pa
rag
rap
hs 4
an
d
5 o
f th
e s
aid
Ord
er.
2.
As r
eq
uir
ed
by s
ectio
n 2
27
(3)
of
the
Act,
we
re
po
rt t
ha
t:
a)
We
ha
ve
ob
tain
ed
all th
e in
form
atio
n a
nd
exp
lan
atio
ns w
hic
h to
th
e b
est o
f o
ur kn
ow
led
ge
an
d b
elie
f w
ere
ne
ce
ssa
ry f
or
the
pu
rpo
se
of
ou
r a
ud
it;
b)
In o
ur o
pin
ion
, p
rop
er b
oo
ks o
f a
cco
un
t, a
s re
quir
ed b
y la
w, h
ave
bee
n k
ep
t by th
e C
om
pan
y,
so
fa
r a
s a
pp
ea
rs f
rom
ou
r e
xa
min
atio
n o
f th
ose
bo
oks;
c)
Th
e B
ala
nce
Sh
ee
t, t
he
Sta
tem
en
t o
f P
rofi
t a
nd
Lo
ss a
nd
th
e C
ash
Flo
w S
tate
me
nt d
ea
lt
with
by t
his
re
po
rt a
re i
n a
gre
em
en
t w
ith
th
e b
oo
ks o
f a
cco
un
t;
d)
In o
ur
op
inio
n t
he
Ba
lan
ce
Sh
ee
t, t
he
Sta
tem
en
t o
f P
rofit
& L
oss a
nd
th
e C
ash
Flo
w
Sta
tem
en
t d
ea
lt w
ith
by t
his
re
po
rt c
om
ply
with
th
e A
cco
un
tin
g S
tan
da
rds r
efe
rre
d i
n
su
b-s
ectio
n (
3C
) o
f se
ctio
n 2
11
of
the
Co
mp
an
ies A
ct
rea
d w
ith
th
e G
en
era
l C
ircu
lar
15
/
20
13
da
ted
13
th S
ep
tem
be
r, 2
01
3 o
f th
e M
inis
try o
f C
orp
ora
te A
ffa
irs in
re
sp
ect o
f S
ectio
n
13
3 o
f th
e C
om
pa
nie
s A
ct,
20
13
;
Fo
r A
KG
& C
o
Ch
art
ere
d A
cc
ou
nta
nts
(CA
. An
il K
. Go
el)
PA
RT
NE
R
PL
AC
E : N
EW
DE
LH
IM
. N
O. :
08
34
54
DA
TE
:
30
.05
.20
14
Fir
m’s
Re
gis
tra
tio
n N
o. :
00
49
24
N
SA
I IN
DU
ST
RIE
S L
IMIT
ED
12
An
ne
xu
re to
th
e A
ud
ito
rs’ re
po
rt(i
)In
re
sp
ect
of
fixe
d a
ssets
;(a
)T
he
Co
mp
an
y h
as m
ain
tain
ed
pro
pe
r re
co
rds s
ho
win
g f
ull
pa
rtic
ula
rs i
nclu
din
g q
uan
tita
tive
de
tails
an
d s
itu
atio
n o
f fixe
d a
sse
ts o
n t
he
ba
sis
of
availa
ble
in
form
atio
n.
(b)
As e
xpla
ined
to
us,
the f
ixed
assets
in
clu
din
g e
qu
ipm
en
t o
n lea
se h
ave b
een
ph
ysic
ally
ve
rified
by t
he
Ma
na
ge
men
t d
urin
g t
he
yea
r in
a p
ha
se
d p
erio
dic
al
man
ner,
wh
ich
in
ou
r o
pin
ion
is
reaso
na
ble
, h
avin
g r
eg
ard
to
th
e s
ize
of
the C
om
pa
ny
an
d n
atu
re o
f its a
sse
ts.
No
mate
rial
dis
cre
pan
cie
s w
ere
no
tice
d o
n s
uch
ve
rific
atio
n.
(c)
In o
ur
op
inio
n,
the
Co
mp
an
y h
as n
ot
dis
po
se
d o
ff s
ub
sta
ntia
l p
art
of
fixe
d a
ssets
du
rin
g t
he
year,
wh
ich
may h
ave a
ffe
cte
d th
e g
oin
g c
on
ce
rn s
tatu
s o
f th
e c
om
pan
y , b
ut S
ub
sta
ntial
Valu
eo
f th
e F
ixed
Assets
Writte
n o
ff t
hro
ug
h
de
pre
cia
tion
by t
he c
om
pa
ny
du
rin
g t
he
yea
r.(i
i)In
resp
ect
of
inven
torie
s;
(a)
Th
e c
om
pa
ny
has n
o
inve
nto
ry d
urin
g t
he y
ear,
acco
rdin
gly
cla
use (
a)
of
the
pa
rag
rap
h 4
(ii) o
fth
e O
rder
is n
ot
ap
plic
ab
le.
(b)
Sin
ce t
he
Co
mp
an
y h
as n
o a
ny
inven
tory
, th
e c
lau
se (
b)
of
the p
ara
gra
ph
4(ii) is n
ot
ap
plic
ab
leto
th
e c
om
pan
y.(c
)S
ince t
he
Co
mp
an
y h
as n
o a
ny
inven
tory
, th
e c
lau
se (
c)
of
the p
ara
gra
ph
4(ii) is n
ot
ap
plic
ab
leto
th
e c
om
pan
y.(i
ii)
In resp
ect o
f lo
an
s, se
cu
red
or u
nse
cu
red
, g
ran
ted
or
taken
by
the C
om
pan
y to
/fro
m c
om
pan
ies,
firm
s o
r o
ther
part
ies c
overe
d in
th
e r
eg
iste
r m
ain
tain
ed
un
der
Se
ctio
n 3
01
of
the C
om
pan
ies
Act,
19
56
:(a
)T
he c
om
pa
ny
has n
ot
gra
nte
d a
ny
loan
s d
urin
g t
he y
ear
to th
e C
om
pa
nie
s, F
irm
s o
r o
ther
part
yco
vere
d i
n t
he r
eg
iste
r m
ain
tain
ed
un
der
Se
ctio
n 3
01
of
the C
om
pan
ies A
ct,
19
56
. T
he lo
an
ou
tsta
nd
ing
at
the y
ear
en
d w
as R
s.
26
,21
0/-
.(b
)In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o th
e in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us,
the r
ate
of in
tere
st,
wh
ere
ver
ap
plic
ab
le a
nd
oth
er
the
te
rms a
nd
co
nd
itio
ns a
re n
ot
prim
a-f
acie
pre
jud
icia
l to
th
ein
tere
st
of
the c
om
pan
y, a
s t
he c
om
pa
ny
has n
o i
nte
rest
bearin
g f
un
ds.
(c)
Th
e l
oan
s g
ran
ted
by
the c
om
pa
ny
is i
nte
rest
free a
nd
th
e p
rin
cip
al
am
ou
nt
is r
ep
aya
ble
on
de
ma
nd
.(d
)S
ince t
he
lo
an
s t
aken
an
d g
ran
ted
by t
he c
om
pa
ny
are
rep
aya
ble
on
dem
an
d,
no
qu
estio
n o
fo
verd
ue a
mo
un
ts a
rise
s.
(e)
Th
e c
om
pa
ny
has n
ot
taken
an
y lo
an
s d
urin
g t
he
ye
ar
fro
m t
he p
art
ies c
overe
d u
/s 3
01
of
the
Co
mp
an
ies A
ct,
19
56
. T
he
lo
an
ou
tsta
nd
ing
as a
t t
he
ye
ar
en
d a
fte
r a
dju
stin
g o
pe
nin
go
uts
tan
din
g a
nd
rep
aym
en
ts d
urin
g t
he y
ear
was R
s.
8.2
1 L
acs.
(f)
In o
ur
op
inio
n a
nd
acco
rdin
g t
o th
e in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us,
the r
ate
of in
tere
st,
wh
ere
ve
r a
pp
lica
ble
an
d o
the
r te
rms a
nd
co
nd
itio
ns a
re n
ot
pri
ma
fa
cie
pre
jud
icia
l to
th
ein
tere
st
of
the
Co
mp
an
y.(g
)In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o t
he in
form
atio
n a
nd
exp
lan
atio
ns g
ive
n to
us th
e lo
an
s ta
ken
by
the c
om
pa
ny
is r
ep
aya
ble
on
dem
an
d.
(iv)
In o
ur
op
inio
n a
nd
acco
rdin
g to
th
e in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us, th
ere
are
ad
eq
ua
tein
tern
al
co
ntr
ol
pro
ce
du
res c
om
men
su
rate
with
th
e s
ize o
f th
e C
om
pan
y a
nd
th
e n
atu
re o
f its
bu
sin
ess f
or
the
pu
rch
ase o
f in
ven
tory
, fixe
d a
ssets
an
d a
lso
fo
r th
e s
ale
of
go
od
s.
Du
rin
g t
he
co
urs
e o
f o
ur
au
dit,
we h
ave
no
t o
bserv
ed
an
y m
ajo
r w
ea
kn
esses i
n in
tern
al
co
ntr
ols
.(v
)In
resp
ect
of
tran
sactio
ns c
overe
d u
nd
er
Se
ctio
n 3
01
of
the C
om
pan
ies A
ct,
19
56
:(a
)In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o t
he in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us,
the p
art
icu
lars
of
co
ntr
acts
or
arr
an
gem
en
ts,
that
nee
ded
to
be
en
tere
d i
nto
in
th
e r
eg
iste
r m
ain
tain
ed
un
der
Se
ctio
n 3
01
of
the C
om
pan
ies A
ct,
19
56
have
bee
n s
o e
nte
red
.(b
)In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o t
he
in
form
atio
n a
nd
exp
lan
atio
ns g
ive
n t
o u
s,
the t
ran
sactio
ns
mad
e i
n p
urs
uan
ce o
f co
ntr
acts
or
arr
an
ge
me
nts
en
tere
d i
n t
he
re
gis
ter
main
tain
ed
un
de
rS
ectio
n 3
01
of th
e C
om
pan
ies A
ct,
19
56
ag
gre
ga
ting
du
rin
g t
he y
ear
to R
s.
5,0
0,0
00
/- (
Ru
pe
es
Fiv
e L
acs o
nly
) o
r m
ore
in r
esp
ect
of an
y p
art
y h
ave
been
ma
de a
t p
rices w
hic
h a
re r
easo
nab
leh
avi
ng
re
gard
to
pre
vaili
ng
mark
et
prices
at
the
re
levan
t tim
e.
(vi)
Th
e C
om
pa
ny
has n
ot
accep
ted
an
y d
ep
osits f
rom
th
e p
ub
lic.
(vii)
In o
ur
op
inio
n,
the
co
mp
an
y h
as a
n i
nte
rnal
au
dit
sys
tem
co
mm
en
su
rate
with
siz
e a
nd
natu
reo
f its b
usin
ess.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
13
(viii
)T
he
Ce
ntr
al
go
ve
rnm
en
t h
as n
ot
pre
scri
be
d m
ain
ten
an
ce
of
Co
st
Re
co
rds u
nd
er
se
ctio
n2
09
(1)(
d)
of
the
Co
mp
an
ies A
ct, 1
95
6 in
re
sp
ect
of
man
ufa
ctu
rin
g a
ctivi
ties o
f th
e C
om
pan
y.(ix)
In r
esp
ect
of
sta
tuto
ry d
ues :
(a)
Acco
rdin
g t
o th
e r
eco
rds o
f th
e C
om
pan
y, u
nd
isp
ute
d s
tatu
tory
du
es in
clu
din
g P
rovi
den
t F
un
d,
Inve
sto
r E
du
catio
n a
nd
Pro
tectio
n F
un
d,
Em
plo
yees’
Sta
te I
nsu
ran
ce,
Inco
me
-Tax,
Sale
s-t
ax,
We
alth
Ta
x, S
erv
ice
Ta
x, C
usto
ms D
uty
, E
xcis
e D
uty
, C
ess a
nd
oth
er
sta
tuto
ry d
ue
s,
wh
ich
ever
ap
plic
ab
le h
ave b
een
re
gu
larly
dep
osited
with
th
e a
pp
rop
riate
au
tho
rities.
Acco
rdin
g t
o t
he
info
rmatio
n a
nd
exp
lan
atio
ns g
ive
n t
o u
s,
no
un
dis
pu
ted
am
ou
nts
payab
le i
n r
esp
ect
of
the
afo
resaid
du
es w
ere
ou
tsta
nd
ing
as a
t 3
1st
Marc
h,
fo
r a
pe
rio
d o
f m
ore
th
an
six
mo
nth
s f
rom
the d
ate
of
beco
me
payab
le.
(b)
Th
e d
isp
ute
d s
tatu
tory
du
es a
gg
reg
atin
g t
o R
s.
12
.51
Lacs p
lus in
tere
st
du
e (
no
t ascert
ain
ed
yet)
th
at h
ave
no
t b
een
de
po
site
d o
n a
cco
un
t o
f m
atte
rs p
en
din
g b
efo
re th
e a
pp
rop
ria
te a
uth
ority
are
as u
nd
er:
-S
. No
.N
am
e o
f th
eN
atu
re o
fF
oru
m w
he
re d
isp
ute
is
Pe
rio
d t
o w
hic
h t
he
Sta
tute
du
es
pen
din
gam
ou
nt p
en
din
g1
I.T. A
ct, 1
96
1D
em
an
dP
etit
ion
reje
cte
d b
y th
e H
on
’ble
Su
pre
me C
ou
rt,
ho
weve
r, c
om
pan
y in
ten
ds t
o f
ile r
evie
w p
etit
ion
befo
re t
he
sa
me c
ou
rt.
AY
9
5-9
6(x
)A
ccu
mu
late
d lo
sses o
f th
e C
om
pan
y are
mo
re t
ha
n f
ifty
pe
rce
nt
of
its n
et
wo
rth
. T
he c
om
pa
ny
ha
s in
cu
rred
ca
sh
lo
sses d
urin
g t
he f
inan
cia
l ye
ar
co
vere
d b
y o
ur
au
dit,
as w
ell
as in
im
med
iate
pre
ced
ing
yea
r.(x
i)In
ou
r o
pin
ion
an
d a
cco
rdin
g t
o t
he in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us,
the
co
mp
an
y h
as
de
fau
lted
in
re
paym
en
t o
f d
ue
s t
o f
ina
ncia
l in
stitu
tio
ns.
(xii)
In o
ur
op
inio
n a
nd
acco
rdin
g t
o t
he i
nfo
rma
tio
n a
nd
exp
lan
atio
n g
ive
n t
o u
s,
no
lo
an
s a
nd
ad
van
ce
s h
ave b
ee
n g
ran
ted
by
the
Co
mp
an
y o
n t
he
ba
sis
of
secu
rity
by w
ay
of
ple
dg
e o
fsh
are
s,
deb
en
ture
s a
nd
oth
er
se
cu
rities.
(xiii
)In
ou
r o
pin
ion
, th
e C
om
pan
y is
no
t a c
hit f
un
d o
r a n
idh
i/m
utu
al b
en
efit fu
nd
/so
cie
ty. T
here
fore
,cla
use 4
(xiii
) o
f th
e C
om
pan
ies (
Au
dito
r’s R
ep
ort
) O
rde
r 2
00
3 is n
ot
ap
plic
ab
le t
o th
e C
om
pa
ny
(xiv
)T
he c
om
pa
ny
has m
ain
tain
ed
pro
per
reco
rds o
f tr
an
sactio
ns a
nd
co
ntr
acts
in r
esp
ect o
f tr
ad
ing
in s
hare
s a
nd
tim
ely
en
trie
s h
ave
bee
n m
ad
e t
here
in.
Th
e i
nvestm
en
ts o
f th
e c
om
pan
y are
he
ld i
n i
ts o
wn
nam
e e
xcep
t to
th
e e
xten
t o
f th
e e
xem
ptio
n g
ran
ted
un
de
r sectio
n 4
9 o
f th
eC
om
pa
nie
s A
ct, 1
95
6.
(xv)
Acco
rdin
g t
o t
he
in
form
atio
n a
nd
exp
lan
atio
ns g
ive
n t
o u
s,
we
are
of
the
op
inio
n t
ha
t th
eco
mp
an
y h
as n
ot
giv
en
gu
ara
nte
es fo
r lo
an
s taken
by
oth
ers
fro
m b
an
ks o
r fin
an
cia
l in
stit
utio
ns
the te
rms a
nd
co
nd
itio
ns w
here
of
are
no
t p
rim
a facie
pre
jud
icia
l to
th
e in
tere
st
of
the
Co
mp
an
y.(x
vi)
Th
e C
om
pa
ny
has n
ot
rais
ed
an
y te
rm l
oa
ns d
urin
g t
he
yea
r u
nd
er
rep
ort
.(x
vii)
Acco
rdin
g t
o t
he in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us a
nd
on
an
ove
rall
exa
min
atio
n o
f th
eB
ala
nce S
hee
t o
f th
e C
om
pa
ny,
we a
re o
f th
e o
pin
ion
th
at
the
Co
mp
an
y h
as n
ot
util
ise
d
an
yfu
nd
s r
ais
ed
fro
m s
ho
rt t
erm
so
urc
es t
ow
ard
s l
on
g t
erm
in
vestm
en
t o
r vi
ce-v
ers
a.
(xvi
ii) D
urin
g t
he
ye
ar,
th
e C
om
pan
y h
as n
ot
mad
e a
ny
pre
fere
ntial
allo
tmen
t o
f sh
are
s t
o p
art
ies
an
d c
om
pa
nie
s c
ove
red
in
th
e R
eg
iste
r m
ain
tain
ed
un
der
Sectio
n 3
01
of
the C
om
pa
nie
s A
ct,
19
56
.(x
ix)
Acco
rdin
g t
o t
he
info
rmatio
n a
nd
exp
lan
atio
ns g
iven
to
us,
no
deb
en
ture
s h
ave b
een
issu
ed
by
the c
om
pan
y.(x
x)A
cco
rdin
g t
o t
he i
nfo
rmatio
n a
nd
exp
lan
atio
ns g
iven
to
us,
the c
om
pan
y h
as n
ot
rais
ed
an
ym
on
ey
by
pu
blic
issu
es d
urin
g t
he
yea
r.(x
xi)
Acco
rdin
g t
o t
he
in
form
atio
n a
nd
exp
lan
atio
ns g
iven
to
us,
no
fra
ud
on
or
by t
he
co
mp
an
y h
as
be
en
no
ticed
o
r re
po
rted
du
rin
g t
he
yea
r.F
or A
KG
& C
oC
ha
rte
red
Ac
co
un
tan
ts(C
A. A
nil K
. Go
el)
PA
RT
NE
RP
LA
CE
: N
EW
DE
LH
IM
. N
O. :
08
34
54
DA
TE
:
30
.05
.20
14
Fir
m’s
Re
gis
tra
tio
n N
o. :
00
49
24
N
SA
I IN
DU
ST
RIE
S L
IMIT
ED
14
BA
LA
NC
E S
HE
ET
AS
AT
31S
T M
AR
CH
, 20
14
Am
ou
nt in
Rs
PA
RT
ICU
LA
RS
No
te N
o.
As
at
31
-03
-20
14
As
at
31
-03
-20
13
I. E
QU
ITY
AN
D L
IAB
ILIT
IES
(1) S
ha
reh
old
ers
Fu
nd
s
a)
Sh
are
Cap
ital
12
9,6
75
,911
29
,67
5,9
11
b)
Re
serv
e &
Su
rplu
s2
( 32
,156
,333
)(3
1,7
76
,711
)
Su
b T
ota
l (1
)(2
,480
,422)
(2,1
00
,80
0)
(2) N
on
Cu
rre
nt L
iab
ilit
ies
a)
Lo
ng
Term
Bo
rro
win
gs
3881,2
32
88
1,2
32
Su
b T
ota
l (2
)881,2
32
88
1,2
32
(3) C
urr
en
t L
iab
ilit
ies
a)
Tra
de P
aya
ble
s4
20,3
89
90
,29
9
b)
Oth
er
Cu
rren
t lia
bili
tie
s5
2 ,0
39
,61
8 1
,74
7,5
20
Su
b T
ota
l (3
)2,0
60
,007
1,8
37
,81
8
TO
TA
L (1
+2
+3
)460,8
17
61
8,2
50
II. A
SS
ET
S
(1)
No
n C
urr
en
t A
ss
ets
a) F
ixe
d A
ss
ets
i) T
an
gib
le A
ssets
647,1
86
54
,94
6
b)
No
n C
urr
en
t In
vestm
en
ts7
315,9
00
31
5,9
00
c)
Lo
ng
Term
Lo
an
s a
nd
Ad
van
ces
82
9,2
10
29
,21
0
Su
b T
ota
l (1
)392,2
96
40
0,0
56
(2)
Cu
rre
nt
As
se
ts
a)
Cash
an
d C
ash
eq
uiv
ale
nts
912,5
91
16
,44
8
b)
Sh
ort
term
Lo
an
s a
nd
Ad
van
ces
10
55,9
30
16
3,7
20
Su
b T
ota
l (2
)68,5
21
21
8,1
95
TO
TA
L (1
+2
)460,8
17
61
8,2
50
Sig
nific
an
t A
cco
un
tin
g P
olic
ies &
No
tes t
o t
he
fin
an
cia
l sate
me
nts
fro
m N
ote
No
. 1
to
14
fo
rm a
n
Inte
gra
l p
art
of
this
Bala
nce
Sh
eet
AU
DIT
OR
’S R
EP
OR
T
As p
er
ou
r re
po
rt o
f even
date
att
ach
ed
Fo
r A
K G
& C
O.
Fo
r a
nd
on
be
ha
lf o
f th
e B
oa
rd o
f D
ire
cto
rs o
f th
e C
om
pa
ny
CH
AR
TE
RE
D A
CC
OU
NTA
NT
S
S
d/-
Sd
/-S
d/-
(CA
. An
il K
. Go
el)
(DR
. NIR
AJ
K. S
ING
H)
(JU
HI S
ING
H)
PA
RT
NE
RM
AN
AG
ING
DIR
EC
TO
R D
IRE
CT
OR
M. N
O. :
08
34
54
Fir
m’s
Re
gis
tra
tio
n N
o. :
00
49
24
N
PL
AC
E : N
EW
DE
LH
I
DA
TE
:
30
.05
.20
14
SA
I IN
DU
ST
RIE
S L
IMIT
ED
15
NO
TE
NO
. — 1
SH
AR
E C
AP
ITA
LPA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Au
tho
rise
d5
00
00
00
Eq
uity
Sh
are
s o
f R
s.
10
/- e
ach
50
,00
0,0
00
50
,00
0,0
00
(Pre
vio
us Y
ea
r 5
00
00
00
Eq
uity
Sh
are
s o
f R
s.
10
/- e
ach
)Is
su
ed
& S
ub
sc
rib
ed
30
00
00
0 E
qu
ity
sh
are
s o
f R
s.
10
/- e
ach
fu
lly c
alle
d 3
0,0
00
,00
0 3
0,0
00
,00
0(P
revi
ou
s Y
ear
30
00
00
0 E
qu
ity s
hare
s o
f R
s.
10
/- e
ach
fu
lly c
alle
d)
Pa
id u
p3
00
00
00
Eq
uity
sh
are
s o
f R
s.
10
/- e
ach
fu
lly c
alle
d3
0,0
00
,00
0 3
0,0
00
,00
0(P
revi
ou
s Y
ear
30
00
00
0 E
qu
ity s
ha
res o
f R
s.
10
/- e
ach
fu
lly c
alle
d )
Le
ss
: C
all
s in
Arr
ea
rs3
24
,08
9 3
24
,08
9TO
TA
L 2
9,6
75
,911
2
9,6
75
,911
No
te 1
.aa)
Th
e c
om
pan
y is
havi
ng
on
ly o
ne
cla
ss o
f S
hare
s r
efe
rre
d t
o a
s E
qu
ity s
hare
s h
avi
ng
a p
ar
valu
eo
f R
s.
10
/- e
ach
.b
) E
ach
ho
lder
of
eq
uity
sh
are
s is e
ntit
led
to
on
e v
ote
per
sh
are
.c)
No
sh
are
s a
re r
ese
rve
d f
or
issu
e u
nd
er
op
tio
ns a
nd
co
ntr
acts
/co
mm
itm
en
ts f
or
the
sa
le o
fsh
are
s /
dis
inve
stm
en
t/ E
SO
P e
tc.
d)
Th
e c
om
pan
y h
as n
ot
decla
red
an
y d
ivid
en
d d
urin
g t
he y
ear
e)
Th
e c
om
pa
ny d
oe
s n
ot
ha
ve a
ny H
old
ing
co
mp
an
y i
n t
he
cu
rre
nt
or
pre
vio
us p
erio
d,
he
nce
dis
clo
su
re o
f sh
are
s h
eld
by
ho
ldin
g a
nd
ultim
ate
ho
ldin
g c
om
pan
ies i
s n
ot
ap
plic
ab
leN
ote
1.b
Sh
are
ho
lde
rs h
old
ing
mo
re th
an
5 p
erc
en
t s
ha
res
:N
am
e o
f S
ha
reh
old
er
Eq
uit
y S
ha
res
A
s a
t 3
1-0
3-2
01
4N
o. o
f S
ha
res
he
ld%
of H
old
ing
% o
f H
old
ing
Sa
i A
ge
ncie
s P
riva
te L
imited
55
1,0
00
18
.37
18
.37
Sa
i B
usin
ess &
Co
nsu
ltan
cy
Syste
ms P
vt.
Ltd
. 3
16
,00
01
0.5
31
0.5
3S
ai E
nte
rprises P
vt L
td.
2
02
,80
06
.76
6.7
6S
idh
art
h C
on
str
uctio
n C
o.
(P)
Ltd
2
50
,00
08
.33
8
.33
No
te 1
.cR
ec
on
cilia
ton
of
the
nu
mb
er
of
Sh
are
s o
uts
tan
din
g a
nd
th
e a
mo
un
t o
f S
ha
res
as
at
Ma
rch
31
,2
01
4 a
nd
Ma
rch
31
, 2
01
3 :
Pa
rtic
ula
rsE
qu
ity S
ha
res
As
at
31
-03
-20
14
Nu
mb
er
Am
ou
nt in
Rs
Am
ou
nt in
Rs
Sh
are
s o
uts
tan
din
g a
t th
e b
eg
inn
ing
of
the
ye
ar
3,0
00
,00
02
9,6
75
,911
29
,67
5,9
11
Sh
are
s I
ssu
ed
du
rin
g t
he
ye
ar
-
-
-
Sh
are
s o
uts
tan
din
g a
t th
e e
nd
of
the
ye
ar
3,0
00
,00
02
9,6
75
,911
29
,67
5,9
11
NO
TE
NO
. — 2
RE
SE
RV
E A
ND
SU
RP
LU
SPA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Pro
fit
& L
os
s A
cc
ou
nt
Op
en
ing
Ba
lan
ce
(3
1,7
76
,71
2)
(31
,40
8,9
21
)A
dd
: P
rofit/ (
Lo
ss)
for
the Y
ear
(37
9,6
22
)(3
67
,79
1)
Clo
sin
g B
ala
nc
e(3
2,1
56
,33
3)
(31
,77
6,7
12
)N
OT
E N
O. —
3L
ON
G T
ER
M B
OR
RO
WIN
GS
PA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
UN
SE
CU
RE
DL
oan
s f
rom
Rela
ted
Part
ies
82
1,2
32
82
1,2
32
Lo
an
s f
rom
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ers
6
0,0
00
60
,00
0TO
TA
L8
81
,23
28
81
,23
2
SA
I IN
DU
ST
RIE
S L
IMIT
ED
No
te N
o. —
3.a
Un
se
cu
red
: L
on
g T
erm
Bo
rro
win
gs
fro
m th
e R
ela
ted
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rtie
sN
on
e o
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e b
orr
ow
ing
s a
re g
au
ran
tee
d b
y d
irecto
rs o
r an
y o
the
r p
ers
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on
e o
f a
bo
ve a
re i
nte
rest
be
arin
g l
oan
s.
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rms o
f R
ep
aym
en
t :
Paya
ble
on
dem
an
d a
fte
r 1
2 m
on
ths.
No
defa
ult o
n a
cco
un
t o
f re
paym
en
t o
f p
rin
cip
al
or
inte
rest,
wh
ere
eve
r ap
plic
ab
le.
No
te N
o. —
3.b
Un
se
cu
red
: L
on
g T
erm
Bo
rro
win
gs
fro
m o
the
rsN
on
e o
f th
e b
orr
ow
ing
s a
re g
au
ran
tee
d b
y d
irecto
rs o
r an
y o
the
r p
ers
on
.N
on
e o
f a
bo
ve a
re i
nte
rest
be
arin
g l
oan
s.
Te
rms o
f R
ep
aym
en
t :
Paya
ble
on
dem
an
d a
fte
r 1
2 m
on
ths.
No
defa
ul
on
acco
un
t o
f re
paym
en
t o
f p
rin
cip
al
or
inte
rest, w
he
re e
ver
ap
plic
ab
le.
NO
TE
NO
. — 4
TR
AD
E P
AYA
BL
ES
PA
RT
ICU
LA
RS
As
at
31
-03
-20
14
A
s a
t 3
1-0
3-2
01
3P
aya
ble
to
Mic
ro,
Sm
all
an
d M
ed
ium
En
terp
rises - -
Pa
yab
le t
o o
the
rs2
0,3
89
9
0,2
99
TO
TA
L 2
0,3
8 9
0,2
99
Th
e c
on
firm
atio
n o
f tr
an
sa
ctio
ns a
nd
bala
nces o
f so
me o
f th
e T
rad
e P
aya
ble
s a
re
aw
aited
fo
rm t
he
resp
ective
pa
rtie
s t
ill t
he
co
nclu
sio
n o
f th
e a
ud
it a
nd
in
ab
sen
ce
of
su
ch
co
nfirm
atio
n t
he e
ntr
ies
reco
rde
d i
n t
he
bo
oks h
ave b
ee
n r
elie
d u
po
n a
nd
th
ere
fore
, su
ch
bala
nces a
re a
s p
er
bo
oks o
facco
un
ts o
f th
e c
om
pan
y an
d s
ub
ject
to r
eco
ncili
atio
n w
ith
resp
ective
pa
rtie
s.
NO
TE
NO
. —5 O
TH
ER
CU
RR
EN
T L
IAB
ILIT
IES
PA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Dire
cto
r’s R
em
un
era
tio
n P
aya
ble
60
3,0
00
5
55
,00
0P
aya
ble
to
Directo
rs f
or
Exp
. In
cu
rred
on
Co
mp
an
y’s
beh
alf
1,2
74
,59
6 1
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18
Exp
en
se
s P
aya
ble
16
2,0
22
1
75
,70
2TO
TA
L 2
,03
9,6
18
1
,74
7,5
20
NO
TE
NO
. —7 N
ON
CU
RR
EN
T IN
VE
ST
ME
NT
SPA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Inv
es
tme
nts
a)
Investm
en
ts i
n E
qu
ity
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um
en
t 4
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en
ts i
n d
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en
ture
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r b
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0 1
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ub
-to
tal
4
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0,6
48
4
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0,6
48
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ss :
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visio
n f
or
dim
inu
tio
n i
n v
alu
e o
f in
vestm
en
ts4
,57
4,7
48
4
,57
4,7
48
TO
TA
L 3
15
,90
0 3
15
,90
0N
ote
No
. —
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Oth
er
Inv
es
tme
nts
Pro
vis
ion
fo
r lo
ss i
n I
nve
stm
en
ts a
mo
un
tin
g t
o R
s.
45
,74
,74
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vid
ed
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oks o
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cco
un
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erin
g t
he
sam
e p
erm
an
en
t d
imin
utio
n i
n v
alu
e o
f in
vestm
en
ts.
NO
TE
NO
. —8 L
ON
G T
ER
M L
OA
NS
AN
D A
DV
AN
CE
SPA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Secu
rity
Dep
osits
3
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0 3
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oan
to
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ted
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y 2
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10
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10
TO
TA
L 2
9,2
10
2
9,2
10
NO
TE
NO
. —9 C
AS
H A
ND
BA
NK
BA
LA
NC
ES
PA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
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ala
nc
e w
ith
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nk
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ala
nce
with
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ks
4
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in
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nd
7
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1,5
17
TO
TA
L 1
2,5
91
1
6,4
48
NO
TE
NO
. — 1
0 S
HO
RT
TE
RM
LO
AN
S A
ND
AD
VA
NC
ES
PA
RT
ICU
LA
RS
As
at
31
-03
-20
14
As
at
31
-03
-20
13
Cla
im R
ece
iva
ble
4
,74
4 4
,74
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ther A
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ces
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86
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97
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TA
L 5
5,9
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2
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th
e o
pin
ion
of
the M
an
ag
em
en
t lo
an
s a
nd
ad
van
ces h
ave
a v
alu
e o
n r
ealis
atio
n in
th
e o
rdin
ary
co
urs
e o
f b
usin
ess a
t le
ast
eq
ual
to t
he
am
ou
nt
at
wh
ich
th
ey a
re s
tate
d.
16
SA
I IN
DU
ST
RIE
S L
IMIT
ED
17
PR
OF
IT A
ND
LO
SS
STA
TE
ME
NT
FO
R T
HE
YE
AR
EN
DE
D 3
1S
T M
AR
CH
, 2014
Am
ou
nt in
Rs
PA
RT
ICU
LA
RS
No
te N
o.
Ye
ar
en
de
d Y
ea
r e
nd
ed
31
-03
-20
14
31
-03
-20
13
I. O
ther
Inco
me
11
(
111
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9)
(
42
,05
0)
III. T
ota
l R
ev
en
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(
111
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9)
(
42
,05
0)
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XP
EN
SE
S
Em
plo
yee
s B
en
efits
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en
se
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2 4
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00
9
6,0
00
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pre
cia
tio
n a
nd
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ort
izatio
n E
xp
en
ses
6
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1,7
18
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min
str
ative a
nd
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llin
g E
xpen
se
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3 2
12
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3 2
18
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3
TO
TA
L E
XP
EN
SE
S 2
68
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3 3
25
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1
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rofi
t/ (L
os
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efo
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37
9,6
22
) (3
67
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xc
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l It
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s
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r P
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nco
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rofi
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os
s) b
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rdin
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ms
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d T
ax
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37
9,6
22
) (3
67
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1)
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xtra
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ms
-
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rofi
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ax
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67
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1)
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Tax E
xp
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t C
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-
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r th
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fo
r
th
e c
on
tin
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g o
pe
rati
on
s (IX
- X
) (
37
9,6
22
) (3
67
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1)
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arn
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r e
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re
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sic
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ted
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0.1
2)
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nific
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t A
cco
un
tin
g P
olic
ies &
No
tes t
o t
he
fin
an
cia
l sate
me
nts
fro
m N
ote
No
. 1
to
14
fo
rm a
n
Inte
gra
l p
art
of
this
Pro
fit a
nd
Lo
ss S
tate
me
nt
AU
DIT
OR
’S R
EP
OR
T
As p
er
ou
r re
po
rt o
f even
date
att
ach
ed
Fo
r A
K G
& C
O.
Fo
r a
nd
on
be
ha
lf o
f th
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oa
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f D
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pa
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AR
TE
RE
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CC
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NTA
NT
S
S
d/-
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el)
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. NIR
AJ
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ING
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HI S
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H)
PA
RT
NE
RM
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DIR
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TO
R D
IRE
CT
OR
M. N
O. :
08
34
54
Fir
m’s
Re
gis
tra
tio
n N
o. :
00
49
24
N
PL
AC
E : N
EW
DE
LH
I
DA
TE
:
30
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14
SA
I IN
DU
ST
RIE
S L
IMIT
ED
18
NO
TE
NO
. — 1
1
OT
HE
R IN
CO
ME
PA
RT
ICU
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RS
Ye
ar
en
de
d 3
1-0
3-2
01
4 Y
ea
r e
nd
ed
31
-03
-20
13
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fit/L
oss o
n d
ay
trad
ing
of
sh
are
s (
111
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9)
(
42
,05
0)
TO
TA
L (
111
,47
9)
(
42
,05
0)
NO
TE
NO
. — 1
2
EM
PL
OY
EE
S B
EN
EF
ITS
AN
D E
XP
EN
SE
S
PA
RT
ICU
LA
RS
Ye
ar
en
de
d 3
1-0
3-2
01
4 Y
ea
r e
nd
ed
31
-03
-20
13
Rem
un
era
tio
n t
o D
ire
cto
rs 4
8,0
00
9
6,0
00
TO
TA
L 4
8,0
00
96
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0
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TE
NO
. — 1
3
AD
MIN
IST
RA
TIV
E, S
EL
LIN
G A
ND
DIS
TT. E
XP
EN
SE
S
PA
RT
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LA
RS
Ye
ar
en
de
d 3
1-0
3-2
01
4 Y
ea
r e
nd
ed
31
-03
-20
13
Pa
ym
en
t to
Au
dit
ors
a. fo
r S
tatu
tory
Au
dits
2
8,0
90
2
8,0
90
b.
for
Oth
er
Serv
ises
-
2
8,0
90
Ban
k C
harg
es
-
6
0
Bro
ke
rag
e 8
,35
1 1
2,1
45
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cto
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g F
ee
-
7
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0
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sta
ge &
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leg
ram
Exp
en
se
s 7
,15
7 6
,70
0
Prin
tin
g &
Sta
tio
nary
Exp
en
ses
1
5,2
25
1
0,5
00
Te
lep
ho
ne &
Tele
x 3
,34
7 -
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al
& P
rofe
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l C
ha
rge
s 5
7,5
90
5
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80
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cal
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35
1
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50
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es &
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1
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5 5
,14
1
Pu
blic
ity E
xp
en
se
s 4
6,5
17
4
6,2
83
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ce
llan
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xp
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se
s 2
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25
8
4
TO
TA
L 2
12
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3 2
18
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3
SA
I IN
DU
ST
RIE
S L
IMIT
ED
19
CA
SH
FL
OW
STA
TE
ME
NT
FO
R T
HE
YE
AR
EN
DE
D 3
1S
T M
AR
CH
, 2014
PA
RT
ICU
LA
RS
CU
RR
EN
T Y
EA
RP
RE
VIO
US
YE
AR
A.
CA
SH
FL
OW
FR
OM
OP
ER
AT
ING
AC
TIV
ITIE
S
NE
T P
RO
FIT
(L
OS
S) B
EF
OR
E T
AX
AN
D E
XT
RA
OR
DIN
AR
Y IT
EM
S(3
79
,62
2)
(3
67
,79
1)
Ad
juste
d fo
r :
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pre
cia
tio
n 7
,76
011
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8
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visio
n f
or
do
ub
tfu
l d
eb
ts/a
sse
ts (
de
cre
ase
) -
7
,76
0 -
1
1,7
18
Op
era
tin
g p
rofi
t b
efo
re w
ork
ing
ca
pit
al c
ha
ng
es
(
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1,8
62
) (3
56
,07
3)
Ad
juste
d fo
r :
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de a
nd
oth
er
rece
ivab
le -
(3
8,0
26
)
Sh
ort
Term
Lo
an
& A
dva
nces
1
45
,81
7 6
83
Tra
de
Pa
yab
les
(
69
,91
0)
6
7,9
14
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er
Cu
rre
nt
Lia
blit
ies
29
2,0
98
1
59
,85
9
Ca
sh
flo
w b
efo
re t
axa
tio
n a
nd
extr
a o
rdin
ary
ite
ms
36
8,0
05
1
90
,43
0
Ca
sh
Ge
ne
rate
d fro
m O
pe
rati
on
s (
3,8
57
) (1
65
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3)
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rest
Paid
-
Ca
sh
Flo
w b
efo
re E
xtr
a O
rdin
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ite
ms
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57
) (1
65
,64
3)
Ext
rao
rdin
ary
Ite
ms
-
-
NE
T C
AS
H F
LO
W F
RO
M O
PE
RA
TIN
G A
CT
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IES
(
3,8
57
) (1
65
,64
3)
B.
CA
SH
FL
OW
FR
OM
INV
ES
TIN
G A
CT
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IES
Pu
rch
ase o
f F
ixed
Asse
ts-
-
NE
T C
AS
H F
LO
W F
RO
M IN
VE
ST
ING
AC
TIV
ITIE
S -
-
C.
CA
SH
FL
OW
FR
OM
FIN
AN
CIN
G A
CT
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IES
Incea
se/(
De
cre
ase)
in S
ecu
red
Lo
an
s -
-
Incre
ase
/(D
ecre
ase
) in
Un
se
cu
red
Lo
an
s -
2
9,0
14
NE
T C
AS
H F
LO
W F
RO
M F
INA
NC
ING
AC
TIV
ITIE
S-
2
9,0
14
Ne
t In
cre
as
e /
(de
cre
as
e ) in
Ca
sh
or
Ca
sh
Eq
uiv
ale
nt
(
3,8
57
)(1
36
,62
9)
Op
en
ing
Cas
h a
nd
Ca
sh
Eq
uiv
ale
nt
1
6,4
49
1
53
,07
8
Clo
sin
g C
as
h a
nd
Ca
sh
Eq
uiv
ale
nt
1
2,5
92
1
6,4
49
As p
er
ou
r re
po
rt o
f even
date
att
ach
ed
Fo
r A
K G
& C
O.
Fo
r a
nd
on
be
ha
lf o
f th
e B
oa
rd o
f D
ire
cto
rs o
f th
e C
om
pa
ny
CH
AR
TE
RE
D A
CC
OU
NTA
NT
S
S
d/-
Sd
/-S
d/-
(CA
. An
il K
. Go
el)
(DR
. NIR
AJ
K. S
ING
H)
(JU
HI S
ING
H)
PA
RT
NE
RM
AN
AG
ING
DIR
EC
TO
R D
IRE
CT
OR
M. N
O. :
08
34
54
Fir
m’s
Re
gis
tra
tio
n N
o. :
00
49
24
N
PL
AC
E : N
EW
DE
LH
I
DA
TE
:
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.05
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14
SA
I IND
US
TR
IES
LIM
ITE
D
20
SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31.03.2014
Note - 6
GROSS BLOCK DEPRECIATION NET BLOCK
PARTICULARS Opening Addition Sale Closing Up to on sold For the Total Upto As at As At
Balance TFR Balance 31.3.13 Asset year 31.3.14 31.03.14 31.3.13
II) TANGIBLE
ASSETS
(Under Lease)
PLANT 5040750 0.00 0.00 5040750 5035750 0.00 0.00 5035750 5000 5000
& MACHINERY
Sub Total (I) 5040750 0.00 0.00 5040750 5035750 0.00 0.00 5035750 5000 5000
II) TANGIBLE
ASSETS
(Not Under Lease)
OFFICE 163600 0.00 0.00 163600 113654 0.00 7760 121414 42186 49946
EQUIPMENT
Sub Total (II) 163600 0.00 0.00 163600 113654 0.00 7760 121414 42186 49946
TOTAL (I+II) 5204350 0.00 0.00 5204350 5149404 0.00 7760 5157164 47186 54946
PREVIOUS 5300888 0.00 0.00 5300888 5234224 0.00 11718 5245942 54946 66664
YEAR FIGURES
Depreciation has been provided on Straight Line Method in accordance with the provisions of Section
205(2)(b) of the Companies Act, 1956 at the rates specified in Schedule XIV of the Companies Act, 1956 on
pro-rate basis.
No depreciation is charged on leased assets during the year as the substantial part of the block has already
been written off during previous years.
No asset has been re-valued or impaired during the year ended 31-03-2014 or previous year ended 31-03-
2013
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I IND
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NON CURRENT INVESTMENTSB. Details of Other InvestmentsSr.No. Particulars Subsidiary / No. of Quoted / Partly/ Extent of Amount Basis of
Associate / JV/ Shares / Units Unquoted Fully paid Holding (%) Valuation
Controlled
Special Purpose
Entity / Others
2014 2013 2014 2013 2014 2013(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)a) Investment in Equity Instruments1 Equity Shares of Rs. 10/- each of
Aturia Continental Pumps & Motor Ltd. Others 1000 1000 Quoted Fully paid NA NA 59750 59750 At Cost
2 Equity Shares of Rs. 10/- each of
AVI Photochem Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
3 Equity Shares of Rs. 10/- each of
Amtex India Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost4 Equity Shares of Rs. 10/- each of
Avikem Resins Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
5 Equity Shares of Rs. 10/- each of
Asian Coffee Ltd. Others 12 12 Quoted Fully paid NA NA 1026 1026 At Cost
6 Equity Shares of Rs. 10/- each of
Armour Polymer Ltd. Others 100 100 Quoted Fully paid NA NA 3940 3940 At Cost
7 Equity Shares of Rs. 10/- each ofAravali Leasing & Securities Ltd. Others 50 50 Quoted Fully paid NA NA 1250 1250 At Cost
8 Equity Shares of Rs. 10/- each of
Banjara Cements Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
9 Equity Shares of Rs. 10/- each of
Belwal Spinning Mills Ltd. Others 3000 3000 Quoted Fully paid NA NA 15000 15000 At Cost
10 Equity Shares of Rs. 10/- each of
Chandra Synthetics Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost11 Equity Shares of Rs. 10/- each of
Compect Disc India Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
12 Equity Shares of Rs. 10/- each of
Dharmadeep Properse & Alloys Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
13 Equity Shares of Rs. 10/- each of
D. K. Chemo-Plast Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost14 Equity Shares of Rs. 10/- each of
Deep Special Steel Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
15 Equity Shares of Rs. 10/- each of
Denish-Knit Industries Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
16 Equity Shares of Rs. 10/- each of
Deora Polytex Ltd. Others 1000 1000 Quoted Fully paid NA NA 28165 28165 At Cost
17 Equity Shares of Rs. 10/- each ofElcaps Capacitors Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
18 Equity Shares of Rs. 10/- each of
Eastern Granites Ltd. Others 200 200 Quoted Fully paid NA NA 2000 2000 At Cost
19 Equity Shares of Rs. 10/- each of
Electric Control Gear (India) Ltd. Others 500 500 Quoted Fully paid NA NA 9256 9256 At Cost
20 Equity Shares of Rs. 10/- each of
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EL Forge Ltd. Others 25 25 Quoted Fully paid NA NA 720 720 At Cost
21 Equity Shares of Rs. 10/- each ofFly-up Fashions Ltd. Others 100 100 Quoted Fully paid NA NA 1250 1250 At Cost
22 Equity Shares of Rs. 10/- each of
Gujarat Speciality Lubes Ltd. Others 49 49 Quoted Fully paid NA NA 490 490 At Cost
23 Equity Shares of Rs. 10/- each of
Gujrat Ambuja Proteins Ltd. Others 100 100 Quoted Fully paid NA NA 2500 2500 At Cost
24 Equity Shares of Rs. 10/- each of
Herdillia Unimers Ltd. Others 10 10 Quoted Fully paid NA NA 1000 1000 At Cost
25 Equity Shares of Rs. 10/- each ofHarsh Polymers (India) Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
26 Equity Shares of Rs. 10/- each of
Hissar Spinning Mills Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
27 Equity Shares of Rs. 10/- each of
Hindustan Agro Chemicals Ltd. Others 100 100 Quoted Fully paid NA NA 2000 2000 At Cost28 Equity Shares of Rs. 10/- each of
H B Portfolio Leasing Ltd. Others 100 100 Quoted Fully paid NA NA 6500 6500 At Cost
29 Equity Shares of Rs. 10/- each of
Hindustan Development Corporation Ltd. Others 100 100 Quoted Fully paid NA NA 6157 6157 At Cost
30 Equity Shares of Rs. 10/- each of
HB Leasing & Finance Ltd. Others 150 150 Quoted Fully paid NA NA 5000 5000 At Cost
31 Equity Shares of Rs. 10/- each of
Indian Polyfins Ltd. Others 100 100 Quoted Fully paid NA NA 1500 1500 At Cost32 Equity Shares of Rs. 10/- each of
Intec Securities Ltd. Others 700 700 Quoted Fully paid NA NA 7000 7000 At Cost
33 Equity Shares of Rs. 10/- each of
J. K Synthetics Ltd. Others 69 69 Quoted Fully paid NA NA 2565 2565 At Cost
34 Equity Shares of Rs. 10/- each ofJolly Tea Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
35 Equity Shares of Rs. 10/- each ofJanak Intermediates Ltd. Others 300 300 Quoted Fully paid NA NA 6500 6500 At Cost
36 Equity Shares of Rs. 10/- each of
Jayaswal Neco Ltd. Others 60 60 Quoted Fully paid NA NA 3000 3000 At Cost
37 Equity Shares of Rs. 10/- each of
Jay Bharat Fabric Mills Ltd. Others 200 200 Quoted Fully paid NA NA 50576 50576 At Cost
38 Equity Shares of Rs. 10/- each of
Khaitan Hostombe Spinels Ltd. Others 1500 1500 Quoted Fully paid NA NA 31800 31800 At Cost39 Equity Shares of Rs. 10/- each of
Kallan Spinning Mills Ltd. Others 200 200 Quoted Fully paid NA NA 1493 1493 At Cost
40 Equity Shares of Rs. 10/- each of
Kothari Fermentation & Bioichem Ltd. Others 211 211 Quoted Fully paid NA NA 6910 6910 At Cost41 Equity Shares of Rs. 10/- each of
Lohia Polyester Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost42 Equity Shares of Rs. 10/- each of
Lakshmi Auto Components Ltd. Others 100 100 Quoted Fully paid NA NA 2016 2016 At Cost
43 Equity Shares of Rs. 10/- each of
Modi Alkalies & Chemicals Ltd. Others 800 800 Quoted Fully paid NA NA 31925 31925 At Cost
44 Equity Shares of Rs. 10/- each of
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Metal Box India Ltd. Others 1000 1000 Quoted Fully paid NA NA 53550 53550 At Cost
45 Equity Shares of Rs. 10/- each of
Magnus Rubber Industries Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost46 Equity Shares of Rs. 10/- each of
Mercard Ltd. Others 500 500 Quoted Fully paid NA NA 6725 6725 At Cost
47 Equity Shares of Rs. 10/- each of
Manali Petrochemical Ltd. Others 300 300 Quoted Fully paid NA NA 2445 2445 At Cost48 Equity Shares of Rs. 10/- each of
Nova Iron & Steel Ltd. Others 200 200 Quoted Fully paid NA NA 2000 2000 At Cost49 Equity Shares of Rs. 10/- each of
ORDE Industries Ltd. Others 100 100 Quoted Fully paid NA NA 1575 1575 At Cost
50 Equity Shares of Rs. 10/- each of
Osho Ceremics Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
51 Equity Shares of Rs. 10/- each of
Oberoi Associated Hotels Ltd. Others 66 66 Quoted Fully paid NA NA 3108 3108 At Cost
52 Equity Shares of Rs. 10/- each ofPunsumi India Ltd. Others 100 100 Quoted Fully paid NA NA 2000 2000 At Cost
53 Equity Shares of Rs. 10/- each of
Punjab Iron & Steel Company Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
54 Equity Shares of Rs. 10/- each ofPro Fin Capital Services Ltd. Others 5100 5100 Quoted Fully paid NA NA 90055 90055 At Cost
55 Equity Shares of Rs. 10/- each ofPace Elect Automation Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
56 Equity Shares of Rs. 10/- each of
Raam Drugs & Pharmaceuticals Ltd. Others 500 500 Quoted Fully paid NA NA 22250 22250 At Cost
57 Equity Shares of Rs. 10/- each of
Redex Protech Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
58 Equity Shares of Rs. 10/- each of
Real Value Appliances Ltd. Others 100 100 Quoted Fully paid NA NA 3000 3000 At Cost
59 Equity Shares of Rs. 10/- each ofRaghoji Cement Manufacturing Co. Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
60 Equity Shares of Rs. 10/- each of
Regency Hospital Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
61 Equity Shares of Rs. 10/- each ofR B Financial Consultants Ltd. Others 12000 12000 Quoted Fully paid NA NA 502750 502750 At Cost
62 Equity Shares of Rs. 10/- each ofSomkan Marine Food Ltd. Others 200 200 Quoted Fully paid NA NA 2000 2000 At Cost
63 Equity Shares of Rs. 10/- each of
Steelco Gujarat Ltd. Others 4480 4480 Quoted Fully paid NA NA 92512 92512 At Cost
64 Equity Shares of Rs. 10/- each of
Swaika Vanaspati Products Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
65 Equity Shares of Rs. 10/- each of
Sitapur Plywood Manufacturers Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost66 Equity Shares of Rs. 10/- each of
Sheel International Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
67 Equity Shares of Rs. 10/- each of
Sarla Gems Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost68 Equity Shares of Rs. 10/- each of
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Sandeep Industries Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost69 Equity Shares of Rs. 10/- each of
Sriman Organic Chemicals Ltd. Others 200 200 Quoted Fully paid NA NA 8705 8705 At Cost
70 Equity Shares of Rs. 10/- each of
Silverline India Ltd. Others 150 150 Quoted Fully paid NA NA 11195 11195 At Cost
71 Equity Shares of Rs. 10/- each of
Southern Iron & Steel Co. Ltd. Others 201 201 Quoted Fully paid NA NA 3742 3742 At Cost
72 Equity Shares of Rs. 10/- each ofSudsun Housing Development India Ltd. Others 2700 2700 Quoted Fully paid NA NA 30141 30141 At Cost
73 Equity Shares of Rs. 10/- each of
Transasia Packaging Ltd. Others 1000 1000 Quoted Fully paid NA NA 10000 10000 At Cost
74 Equity Shares of Rs. 10/- each of
Thapar Exports Ltd. Others 200 200 Quoted Fully paid NA NA 2000 2000 At Cost
75 Equity Shares of Rs. 10/- each ofTVS Electronics Ltd. Others 100 100 Quoted Fully paid NA NA 5169 5169 At Cost
76 Equity Shares of Rs. 10/- each of
Trupti Twisters Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
77 Equity Shares of Rs. 10/- each of
Venus Sugar Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
78 Equity Shares of Rs. 10/- each of
VBC Industries Ltd. Others 100 100 Quoted Fully paid NA NA 2000 2000 At Cost79 Equity Shares of Rs. 10/- each of
Vinayak Industries Ltd. Others 100 100 Quoted Fully paid NA NA 1000 1000 At Cost
80 Equity Shares of Rs. 10/- each of
Willard India Ltd. Others 100 100 Quoted Fully paid NA NA 3000 3000 At Cost
81 Equity Shares of Rs. 10/- each of
Yenepoya Minerals & Granites Ltd. Others 300 300 Quoted Fully paid NA NA 3950 3950 At Cost
82 Equity Shares of Rs. 10/- each ofZenergy Ltd. Others 1600 1600 Quoted Fully paid NA NA 11488 11488 At Cost
83 Equity Shares of Rs. 10/- each of
Sai Capital Ltd. Associate 202500 202500 Quoted Fully paid NA NA 2060500 2060500 At Cost
84 Equity Shares of Rs. 10/- each of
Sai Capital Ltd. Associate 387600 387600 Quoted Partly paid NA NA 1217500 1217500 At Cost
85 Equity Shares of Rs. 10/- each of
Sai Business & ConsultancySystems Pvt. Ltd. Associate 41500 41500 Unquoted Fully paid NA NA 415000 415000 At Cost
Sub-Total 4889648 4889648Less : Provision for permanent diminution in value of investments. 4574748 4574748
Sub-Total (a) 314,900 314,900b) Investments in Debentures or Bonds1 Debentures of Rs. 10/- each of
Herdillia Unimers Ltd. Others 10 10 Quoted Fully paid NA NA 1000 1000 At Cost
Sub-Total (b) 1,000 1,000Total (a+b) 315,900 315,900
Note: All the quoted shares mentioned above are not being traded in any stock exchange, so the Market price as on 31st March, 2014
cannot be determined.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
25
SC
HE
DU
LE
-17
NO
TE
S T
O A
CC
OU
NT
1S
ign
ific
an
t A
cco
un
tin
g P
olic
ies
a)
Acc
ou
nti
ng
Co
nve
nti
on
Th
ese
acco
un
ts a
re p
rep
are
d u
nd
er
the
his
torica
l co
st
co
nve
ntio
n a
nd
eva
lua
ted
on
a g
oin
g
co
nce
rn b
asis
. T
he
F
ina
ncia
l sta
tem
en
ts m
ate
ria
lly c
om
ply
with
an
d a
re in
co
nfo
rmity w
ith
th
e
ma
nd
ato
ry a
cco
un
tin
g s
tan
da
rds is
su
ed
by T
he
In
stitu
te o
f C
ha
rte
red
Acco
un
tan
ts o
f In
dia
an
d
the
sta
nd
ard
s a
nd
th
e p
rese
nta
tio
n r
eq
uire
me
nts
of th
e C
om
pa
nie
s A
ct,
19
56
.
b)
Bo
rro
win
g C
os
ts
Bo
rro
win
g C
osts
att
rib
uta
ble
to
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e a
cq
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nd
co
nstr
uctio
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d a
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art
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p to
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n s
uch
asse
t is
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ten
de
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. O
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ate
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ve
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c)
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ve
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At
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d A
ss
ets
At
Co
st
less a
ccu
mu
late
d d
ep
recia
tio
n.
e)
De
pre
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n h
as
be
en
p
rovid
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on
Str
aig
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eth
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in
acco
rda
nce
w
ith
th
e p
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s
of
Se
ctio
n 2
05
(2)(
b)
of
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mp
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ies A
ct, 1
95
6 a
t th
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ate
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pe
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Sch
ed
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XIV
of
the
Co
mp
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ies A
ct, 1
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6 o
n p
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ate
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sis
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How
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the
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l p
art
of th
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lock h
as b
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uri
ng
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r.
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ls a
re a
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de
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ow
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imin
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lue
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3C
on
tin
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liab
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re
sp
ect
of
Inco
me
Ta
x D
em
an
d R
s.
12
.51
la
cs b
esid
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nte
rest
accru
ed
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te o
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aym
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iled
by th
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Su
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mp
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xp
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ptio
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Revie
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etitio
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Su
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ks o
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4In
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ire
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x in
te
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of
acco
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tan
da
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AS
22
) “A
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or
taxe
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n i
nco
me
” is
su
ed
by t
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In
stitu
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Ch
art
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In
dia
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SA
I IN
DU
ST
RIE
S L
IMIT
ED
26
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erf
orm
an
ce
- A
S -
17
En
tire
re
ven
ue a
nd
exp
en
se
s o
f th
e c
om
pan
y are
co
nsid
ere
d a
s r
ela
ted
to
on
e s
eg
men
t o
nly
,
he
nce n
o s
ep
ara
te r
ep
ort
ing
un
der
AS
-17
is c
on
sid
ere
d a
s r
eq
uire
d.
9 T
here
are
no
sig
nifi
can
t even
ts o
ccu
rrin
g a
fter
bala
nce S
heet
Da
te h
avi
ng
an
y m
ate
rial
imp
act
on
Bala
nce S
heet
as a
t 3
1.0
3.2
01
4
10
Ad
diti
on
al In
form
atio
n p
urs
uan
t to
para
gra
ph
3 a
nd
4D
of
part
-II
to S
ch
ed
ule
VI
of
the
Co
mp
an
ies A
ct,
19
56
Cu
rre
nt Y
ea
rP
rev
iou
s Y
ea
r
a)
Valu
e o
f Im
po
rts o
n C
IF b
asis
Nil
Nil
b)
Exp
en
ditu
re in
fo
reig
n C
urr
en
cy
Nil
Nil
c)
Earn
ing
s i
n F
ore
ign
Exc
han
ge
Nil
Nil
9 N
on
-Ba
nk
ing
Fin
an
cia
l Co
mp
an
ies
Pru
de
nti
al N
orm
s (R
es
erv
e B
an
k) D
ire
cto
rs
(Rs.
In L
acs)
Ou
tsta
nd
ing
Ove
rdu
e
LIA
BIL
ITIE
S S
IDE
i)L
oan
s a
nd
Ad
van
ces a
vaile
d b
y th
e N
BF
Cs i
nclu
siv
e o
f in
tere
st
accru
ed
th
ere
on
bu
t n
ot
pa
id
a)
De
ben
ture
s :
Se
cu
red
--
Un
secu
red
(O
ther
than
falli
ng
with
in t
he m
ean
ing
of
--
Pu
blic
dep
osits)
b)
Defe
rre
d C
red
its
--
c)
Te
rm L
oa
ns
--
d)
Inte
r-C
orp
ora
te l
oa
ns a
nd
bo
rro
win
g-
-
SA
I IN
DU
ST
RIE
S L
IMIT
ED
27
e)
Co
mm
erc
ial
Pa
pe
r-
-
f)P
ub
lic D
ep
osits
--
g)
Oth
er
loa
ns (
Sp
ecify
natu
re)
- U
nsecu
red
Lo
an
s f
rom
Directo
rs8
.21
0.0
0
ii)
Bre
ak-u
p o
f (i)(
f) a
bo
ve (
Ou
tsta
nd
ing
pu
blic
de
po
sits i
nclu
siv
e o
f in
tere
st
accru
ed
th
ere
on
bu
t n
ot
paid
)
a)
In t
he
fo
rm o
f U
nse
cu
red
deb
en
ture
s-
-
b)
In t
he f
orm
of
part
ly s
ecu
red
deb
en
ture
s
i.e.
deb
en
ture
s w
he
re t
here
is a
sh
ort
fall
in t
he v
alu
e o
f secu
rity
--
c)
Oth
er
pu
blic
dep
osits
--
AS
SE
TS
SID
E
iii)
Bre
ak-u
p o
f lo
an
s a
nd
ad
van
ce
s i
nclu
din
g b
ills r
eceiv
ab
les (
oth
er
tha
n t
ho
se
in
clu
ded
in
(iv)
belo
w:
a)S
ecu
red
--
b)
Un
se
cu
red
0.5
60
.00
iv)
Bre
ak u
p o
f L
eased
Asse
ts a
nd
sto
ck
on
hire a
nd
hyp
oth
ecatio
n l
oa
ns
co
un
tin
g t
ow
ard
s E
L/H
P a
ctivi
ties
a)
Le
ase
d a
sse
ts i
nclu
din
g l
ea
se
Re
nta
ls u
nd
er
Su
nd
ry d
eb
tors
1)
Fin
an
cia
l L
ea
se
--
2)
Op
era
tin
g L
ease
--
b)
Sto
ck o
n h
ire i
nclu
din
g h
ire c
ha
rge
s u
nd
er
Su
nd
ry d
eb
tors
1)
Assets
on
hire
- -
2)
Re
po
sse
sse
d A
sse
ts -
-
c)
Hyp
oth
eca
tion
Lo
an
s c
ou
ntin
g t
ow
ard
s E
L/H
P a
ctivi
ties
1)
Lo
an
s w
here
asse
ts h
ave b
een
rep
osse
ssed
--
2)
Lo
an
s o
the
r th
an
(1
) ab
ove
- -
v)B
rea
k-u
p o
f In
ve
stm
en
ts
Cu
rre
nt In
ve
stm
en
ts2
01
3-1
42
01
2-1
3
1)
Qu
ote
d
a)
Sh
are
s :
i) E
qu
ity
----
ii)
Pre
fere
nce
----
b)
Deb
en
ture
s a
nd
Bo
nd
s--
--
c)
Un
its o
f M
utu
al F
un
ds
----
d)
Go
ve
rnm
en
t S
ecu
ritie
s--
--
e)
Oth
ers
(P
lea
se s
pe
cify)
----
2)
Un
qu
ote
d
a)S
ha
res :
i) E
qu
ity
----
ii) P
refe
ren
ce
----
b)
Deb
en
ture
s a
nd
Bo
nd
s--
--
c)
U
nits o
f M
utu
al F
un
ds
----
d)
Go
ve
rnm
en
t S
ecu
ritie
s--
--
e)
Oth
ers
(P
lea
se s
pe
cify)
----
SA
I IN
DU
ST
RIE
S L
IMIT
ED
28
Lo
ng
Te
rm In
ve
stm
en
ts
(At
Co
st
red
uced
by p
rovi
sio
n f
or
dim
inu
tion
in
valu
e )
1)
Qu
ote
d
a)
Sh
are
s :
i) E
qu
ity
3.1
53
.15
ii)
Pre
fere
nce
----
b)
Deb
en
ture
s a
nd
Bo
nd
s0
.01
0.0
1
c)
Un
its o
f M
utu
al F
un
ds
----
d)
Go
ve
rnm
en
t S
ecu
ritie
s--
--
e)
Oth
ers
(P
lea
se s
pe
cify)
----
2)
Un
qu
ote
d
a)
Sh
are
s :
i) E
qu
ity
----
ii) P
refe
ren
ce
----
b)
Deb
en
ture
s a
nd
Bo
nd
s--
--
c)
Un
its o
f M
utu
al F
un
ds
----
d)
Go
ve
rnm
en
t S
ecu
ritie
s--
--
e)
Oth
ers
(P
lea
se s
pe
cify)
----
vi)
Bo
rro
we
r g
rou
p-w
ise
cla
ss
ific
ati
on
of a
ll le
as
ed
as
se
ts a
nd
sto
ck
on
hir
e a
nd
lo
an
s a
nd
ad
va
nc
es
Am
ou
nt o
fN
et o
f P
rov
isio
n
Ca
teg
ory
Se
cu
red
Un
se
cu
red
To
tal
i)R
ela
ted
Pa
rtie
s
a)
Su
bsid
iari
es
--
-
b)
Co
mp
an
ies in
th
e G
rou
p-
0.2
60
.26
c)
Oth
er
Re
late
d P
art
ies
- -
-
-
ii)
Oth
er
tha
n R
ela
ted
Pa
rtie
s-
0.7
60
.76
To
tal
-
1.0
21
.02
vii)
Inve
sto
r g
rou
p-w
ise
cla
ss
ific
ati
on
of
all i
nve
stm
en
ts (
cu
rre
nt
an
d l
on
g t
erm
) in
sh
are
s
an
d s
ecu
ritie
s (
bo
th q
uo
ted
an
d u
nq
uo
ted
)
Ca
teg
ory
Ma
rke
t V
alu
eB
oo
k V
alu
e
Bre
ak
up
or
fair
(Ne
t o
f P
rov
isio
ns
)
Va
lue
of N
AV
i)R
ela
ted
Pa
rtie
s
a)
Su
bsid
iari
es
- -
b)
Co
mp
an
ies in
th
e G
rou
pN
A 2
.38
c)
Oth
er
Re
late
d P
art
ies
-
-
ii)
Oth
er
tha
n R
ela
ted
Pa
rtie
sN
A 0
.78
To
tal
0.0
0 3
.16
viii
)O
the
r In
form
ati
on
Pa
rtic
ula
rsA
mo
un
t
i)G
ros
s N
on
-Pe
rfo
rmin
g A
ss
ets
a)
Re
late
d P
art
ies
-
b)
Oth
er
tha
n R
ela
ted
Pa
rtie
s-
ii)
Ne
t N
on
-Pe
rfo
rmin
g A
ss
ets
a)
Re
late
d P
art
ies
-
b)
Oth
er
tha
n R
ela
ted
Pa
rtie
s-
iii)
Asse
ts a
cq
uir
ed
in
sa
tisfa
ctio
n o
f d
eb
t-
SA
I IN
DU
ST
RIE
S L
IMIT
ED
Re
gis
tere
d O
ffic
e :
20
4, A
uro
bin
do
Pla
ce, H
au
z K
ha
s, N
ew
De
lhi -
11
00
16
AT
TE
ND
AN
CE
SL
IP
Me
mb
ers
are
re
qu
este
d t
o b
rin
g t
he
ir c
opy o
f th
e A
nn
ua
l R
ep
ort
alo
ng
with
th
em
to
th
e
Annu
al G
ene
ral M
eetin
g. P
lease c
om
ple
te th
is a
ttendence
Slip
and h
and
it o
ve
r at t
he
Ente
rance.
Me
mb
ers
or th
eir
Pro
xie
s a
re e
ntitle
d to
be
pre
se
nt a
t th
e m
ee
tin
g.
Na
me
& A
dd
ress o
f th
e S
ha
reh
old
er/
Pro
xy
Folio
No
.
No
. o
f Sh
are
s h
eld
:
I h
ere
by re
co
rd m
y p
rese
nce a
t th
e T
wen
ty T
hird
An
nu
al G
en
era
l Me
etin
g h
eld
at IIn
d F
loo
r, A
uro
bin
do
Pla
ce, H
au
z K
ha
s, M
ew
De
lhi -
11
00
16
on
Tu
esd
ay th
e 3
0th
Se
pte
mb
er, 2
01
4 a
t 1
0.0
0 a
.m
SIG
NAT
UR
E O
F T
HE
SH
AR
EH
OLD
ER
PR
OX
Y*
* S
trik
e o
utw
hic
he
ve
r n
ot a
pp
lica
ble
.
SA
I IN
DU
ST
RIE
S L
IMIT
ED
Re
gis
tere
d O
ffic
e :
20
4, A
uro
bin
do
Pla
ce, H
au
z K
ha
s, N
ew
De
lhi -
11
00
16
PR
OX
Y F
OR
M
I/W
e..............................................................................
of
...................................in
th
is d
istr
ict
of
......................................................................................................
be
ing a
Mem
be
r/m
em
be
rs
of t
he
ab
ove n
am
ed
Com
pa
ny h
ere
by a
pp
oin
t Mr.
/Mrs
./M
iss
...................................................
.....................................................................................of
.........................................................
in th
e d
istr
ict o
f................................................................................
or fa
ilin
g h
im/h
er/
Mr.
/Mrs
./
Mis
s.
............................................................................
of
................................................
in th
e
dis
tric
t..........................................................................
as m
y/o
ur
Pro
xy a
nd
to v
ote
fo
r m
e/
us o
n m
y/o
ur
be
ha
lf a
t th
e 2
3rd
An
nu
al
Ge
ne
ral
Me
etin
g o
f th
e C
om
pa
ny t
o b
e h
eld
on
Tue
sd
ay th
e 3
0th
Se
pte
mb
er, 2
01
4
Sig
ned
this
...................................................................d
ay o
f.......
........
.20
14
Sig
na
ture
......................................................................
Folio
No
........................................................................
No
. of S
ha
res H
eld
:....................................................
No
te :
1. T
he
Pro
xy n
ee
d n
ot b
e a
Me
mb
er
2. T
he
fo
rm o
f P
roxy,
du
ly s
ign
ed
acro
ss R
e. 1
.00
reve
nu
e s
tam
p s
ho
uld
re
ach
th
e c
om
pa
ny
n
ot le
ss th
an
48
ho
urs
be
fore
th
e tim
e fix
ed
fo
r th
e m
ee
tin
g.
Re
. 1.0
0
reve
nue
sta
mp
BO
OK
- P
OS
T
If u
nd
erd
eliv
ere
d p
lea
se
re
turn
to :
SA
I IN
DU
ST
RIE
S
LIM
ITE
D2
04, A
uro
bin
do
Pla
ce
, H
au
z K
ha
s, N
ew
De
lhi -
11
00
16