"We are what we repeatedly do. Excellence, then, is not an act, but a habit." - Aristotle ANNUAL REPORT

Size: px
Start display at page:

Download ""We are what we repeatedly do. Excellence, then, is not an act, but a habit." - Aristotle ANNUAL REPORT"

Transcription

1 "We are what we repeatedly do. Excellence, en, is not an act, but a habit." Aristotle ANNUAL REPORT

2 FORTY FIRST ANNUAL REPORT Our Journey towards Achieving Excellence T irupati Industries (India) Limited has constantly strived to achieve excellence in its operations. This has made an impact on our processes, people, and products while additionally helping us to develop a culture of continuous have seen over e years. improvement and innovations We have initiated various strategies at have helped us to integrate our processes to assist us in our grow at we grow sustainably. We continuously practice to to help increase efficiency and productivity of our people to bring out e best talent in our human resources. We always endeavour to focus on building longterm businesses by emphasizing on value creation. We believe in adopting eical value systems. We are fair and transparent in our business practices, which are driven by ideals of good governance. We consider e interest of all our stakeholders as our own and focus on e welfare of our employees at all levels. Lastly, even ough we constantly increase our operations and businesses, we retain our focus on various aspects of Corporate Social Responsibility at touches e lives of people, e society and environment. We believe at e society is e main reason of e Company s subsistence, us we put in every effort to give back to society. CONTENTS Corporate Information... Notice..... Director s Report... Management Discussion & Analysis... Corporate Governance Report... Independent Auditor s Report Annexure to Independent Auditor s Report Balance Sheet... Statement of Profit & Loss..... Cash Flow Statement... Accompanying Notes to Financial Statements... Notes Forming Part of Statement of Accounts... Independent Auditor s Report on Consolidated Financial Statements Consolidated Balance Sheet... Consolidated Statement of Profit & Loss..... Consolidated Cash Flow Statement... Accompanying Notes to Consolidated Financial Statements.... Notes Forming Part of Statement of Accounts (Consolidated)... Statement Pursuant To Exemption Granted Under Section 212 (8)... Proxy Form and Attendance Slip... [03] [04] [18] [22] [24] [31] [32] [34] [35] [36] [38] [46] [51] [52] [53] [54] [56] [64] [68] [69]

3 CORPORATE INFORMATION CORPORATE IDENTIFICATION NUMBER L99999MH1973PLC REGISTERED OFFICE ADDRESS & CONTACT DETAILS 42 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India T: +91 (219) F: +91 (219) CORPORATE OFFICE ADDRESS & CONTACT DETAILS 403, Trade World B, Kamala City, Kamala Mills Compound, S. B. Marg, Lower Parel, Mumbai , Maharashtra, INDIA T: +91 (22) F: +91 (22) BOARD OF DIRECTORS Mr. Ramesh Sanghvi (Chairman & Independent Director) Mr. Neil Karani (Managing Director) Mr. Jyotiram Nale (Director) Mr. Manchand Jhaveri (Independent Director) Mr. Hitesh Jhaveri (Independent Director) CHIEF FINANCIAL OFFICER Mr. Jyotiram Nale COMPANY SECRETARY Ms. Milee Shah STATUTORY AUDITOR R. P. Trivedi & Associates (Firm's Reg. No.: W) 56, Balasinor Coop. Hsg. Society Ltd. S.V. Rd, Kandivili (West), Mumbai , Maharashtra, INDIA INTERNAL AUDITOR ( ) Mayra & Khatri, Chartered Accountants COST AUDITOR Mr. Rajesh Soni REGISTRAR & TRANSFER AGENTS Link Intime India Private Limited C13, Panalal Silk Mills Compound, Bhandup (West), Mumbai , Maharashtra, INDIA BANKERS Citibank N.A., ICICI Bank AUDIT COMMITTEE Mr. Jyotiram Nale, Mr. Manchand Jhaveri, Mr. Hitesh Jhaveri NOMINATION & REMUNERATION COMMITTEE Mr. Ramesh Sanghvi, Mr. Hitesh Jhaveri, Mr. Manchand Jhaveri, STAKEHOLDERS RELATIONSHIP COMMITTEE Mr. Jyotiram Nale, Mr. Manchand Jhaveri, Mr. Hitesh Jhaveri Monopoly Innovations Limited SUBSIDIARY COMPANY (w.e.f 7 March 2014) [3]

4 FORTY FIRST ANNUAL REPORT NOTICE Notice is hereby given at e FORTY FIRST ANNUAL GENERAL MEETING of e Members of TIRUPATI INDUSTRIES (INDIA) LIMITED will be held at e Registered Office of e Company at 42 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , INDIA on Monday, e 29 September, 2014 at a.m. to transact, wi or wiout modification(s) as may be permissible, e following business: ORDINARY BUSINESS st 1. To receive, consider and adopt Balance Sheet as at 31 March, 2014 and Profit and Loss Account of e Company for e year ended on at date togeer wi e Reports of e Directors and Auditors of e Company. 2. To appoint Director in place of Mr. Jyotiram Nale (DIN No ), who retires from office by rotation, but being eligible, offers himself for reappointment. 3. To appoint auditors and to fix eir remuneration and in is regard to consider and if ought fit, to pass wi or wiout modification(s) e following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to e provisions of Section 139 and oer applicable provisions, if any, of e Companies Act, 2013 and e rules made ereunder, M/s R. P. Trivedi & Associates, Chartered Accountants (Firm Registration No W) be and are hereby reappointed as Statutory Auditors of e Company to hold office for a period of 3 (ree) years, subject to ratification of e members at every Annual General Meeting (AGM) and eligibility of e firm, to hold office from e conclusion of is AGM until e conclusion of 44 (Forty Four) AGM of e Company on such remuneration and reimbursement of out of pocket expenses, as shall be decided/approved by e Board of Directors. SPECIAL BUSINESS 4) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to e provisions of Section 149, 150,152 and any oer applicable provisions, if any, of e Companies Act, 2013 read wi Schedule IV ereof, and any rules made ere under Mr. Ramesh Sanghvi (DIN No ) Independent Director of e Company who retires by rotation at e Annual General Meeting and in respect of whom e Company has received a notice in writing from a member under Section 160 of e Companies Act, 2013, proposing his candidature for e office of Director be and is hereby appointed as an Independent Director of e Company to st hold office upto 31 March, ) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to e provisions of Section 149, 150, 152 and any oer applicable provisions, if any, of e Companies Act, 2013 read wi Schedule IV ereof, and any rules made ereunder Mr. Manchand Jhaveri (DIN No ) Independent Director of e Company who retires by rotation at e Annual General Meeting and in respect of whom e Company has received a notice in writing from a member under Section 160 of e Companies Act, 2013, proposing his candidature for e office of Director be and is hereby appointed as an Independent Director of e Company to st hold office upto 31 March, ) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to e provisions of Section 149, 150, 152 and any oer applicable provisions, if any, of e Companies Act, 2013 read wi Schedule IV ereof, and any rules made ere under Mr. Hitesh Jhaveri (DIN No ) Independent Director of e Company who retires by rotation at e Annual General Meeting and in respect of whom e Company has received a notice in writing from a member under Section 160 of e Companies Act, 2013, proposing his candidature for e office of Director be and is hereby appointed as an Independent Director of e Company to hold office st upto 31 March, [4]

5 7) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Special Resolution: RESOLVED THAT pursuant to e provisions of Section 13 subsection (1), read wi Section 55, 61, 64 and oer applicable provisions, if any, of e Companies Act, 2013 (including any amendment ereto or reenactment ereof) e present Auorized share capital of e Company be and is hereby increased from Rs. 7,50,00,000 (Rupees Seven Crore Fifty Lakhs) divided into 75,00,000 (Seventy Five Lakhs) equity shares of Rs. 10/ each (Rupees Ten) to Rs. 10,00,00,000 (Rupees Ten Crores) divided into 1,00,00,000 (One Crore) equity shares of Rs. 10/ each (Rupees Ten) by creation of 25,00,000 (Twenty five lakhs) equity shares of Rs. 10/ each (Rupees Ten). 8) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Special Resolution: RESOLVED THAT pursuant to e provisions of Section 13 and all oer applicable provisions of e Companies Act, 2013 (including any amendment ereto or reenactment ereof) and e rules made ereunder, e clause V of e Memorandum of Association of e Company be and is hereby altered and substituted as follows: V. The auorized share capital of e Company is Rs. 10,00,00,000/ (Rupees Ten crores only) divided into 1,00,00,000 (One Crore) equity shares of Rs. 10/ each (Rupees Ten) 9) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as an Special Resolution: RESOLVED THAT pursuant to e provisions of Section 14 and all oer applicable provisions of e Companies Act, 2013 (including any amendment ereto or reenactment ereof) and e rules made ereunder, e existing clause 5(a) of e Articles of Association of e Company be altered in e following manner: 5 (a) The auorized share capital of e Company is Rs. 10,00,00,000 (Rupees Ten crores) divided into 1,00,00,000 (One Crore) equity shares of Rs. 10/ each (Rupees Ten) wi e power to increase or reduce e Share capital of e Company and to divide e shares in e capital of e Company for e time being into several classes and to attach ereto respectively such preferential, guaranteed, qualified or special rights, privileges, or conditions as may be determined by or in accordance wi e Articles of Association of e Company and to vary, modify, amalgamate or aggregate such rights, privileges or conditions in such manner as may for e time being provided by e Articles of Association. 10) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as a Ordinary Resolution: RESOLVED THAT pursuant to e provisions of Section 148 and all oer applicable provisions of e Companies Act, 2013 and e Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or reenactment ereof, for e time being in force), e remuneration of Rs. 50,000/ (Rupees Fifty Thousand) recommended by e Audit Committee and approved by e Board of Directors of e Company to be paid to Mr. Rajesh Soni as e Cost Auditor of e Company for e financial year , be and is hereby ratified. 11) To consider and if ought fit to pass wi or wiout modification(s), e following resolution as a Special Resolution: RESOLVED THAT in supersession of e Resolution adopted at e Annual General Meeting held earlier and pursuant to Section 180(1)(c) and any oer applicable provisions, if any, of e Companies Act, 2013 and e Rules made ereunder, e consent of e Company be and is hereby accorded to e Board of Directors (hereinafter referred to as e Board ) to borrow any sum or sums of money/ies, from time to time, notwistanding at money so borrowed togeer wi e money/ies borrowed by e Company (apart from temporary loans obtained/to be obtained from e Company s Bankers, including and not limited to working Capital Loans, in e ordinary course of business), and outstanding at any point of time, may exceed e aggregate of e paidup share capital of e Company and its free reserves, at is to say, reserves not set apart for any specified purpose, provided at e total amount so borrowed by e Board shall not exceed Rs. 50,00,00,000 (Rupees Fifty crores). RESOLVED FURTHER THAT e Board of e Company be and is hereby auorized to arrange and finalize e terms and conditions of all such monies to be borrowed from time to time and to do all such acts, deeds, matters and ings as may be necessary or expedient for implanting and for giving effect to e above resolution in e best interest of e Company. 12) To consider and if ought fit, to pass wi or wiout modification(s), e following resolution as a Special Resolution: RESOLVED THAT pursuant to e provisions of Section 14 and oer applicable provisions, if any of e Companies Act, 2013, and e Rules made ereunder (including any statutory modification(s) or reenactment ereof for e time being in [5]

6 FORTY FIRST ANNUAL REPORT force), e existing Articles of Association of e Company be and are hereby substituted by a new set of Articles of Association, a draft of which has been initialed by e Chairman and made available for inspection by e shareholders at e Registered office of e Company, be and are hereby approved and adopted as e Articles of Association of e Company in substitution for and to e entire exclusion of all e Articles contained in e existing Articles of Association. RESOLVED FURTHER THAT e Board of Directors of e Company be and is hereby auorized to do all such acts and take all such steps as may be necessary, proper or expedient to give effect to is resolution. 13) To consider and if ought fit, to pass wi or wiout modification(s), e following resolution as a Special Resolution: 13 (a) RESOLVED THAT pursuant to e provisions of Section 62 of e Companies Act, 2013 and Rule 13 of Companies (Share Capital & Debentures) Rules 2014 and all oer applicable provisions, if any, of e Companies Act, 2013 ( e Act ), e relevant provisions of e Memorandum & Articles of Association of e Company, e Securities & Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 ( e Guidelines ) (including any amendment ereto or reenactment ereof to e Act or e Guidelines for e time being in force), e Listing Agreement entered into wi e Stock Exchanges where e securities of e Company are listed, and subject to such oer approvals, consents, permissions and sanctions as may be necessary from appropriate auorities or bodies and subject to such conditions & modifications as may be prescribed, specified or suggested by any of em while granting such approvals, consents, permissions and sanctions which may at its sole discretion be agreed to by e Board of Directors of e Company (hereinafter referred to as e Board which term shall be deemed to include any committee including e Nomination and Remuneration Committee which e Board may at its discretion auorize to exercise certain or all of its powers including e powers conferred by is resolution), e consent of e Company be and is hereby accorded to e Board to create, offer, issue, grant and allot over a period of time to and for e benefit of e permanent employees and Directors of e Company, existing and future, under a Scheme titled Tirupati Industries (India) Limited ESOP 2014 (TIILESOP 2014), such number of equity shares and/or equity linked instruments including Options/Warrants and/or any oer instruments or securities, which upon exercise could give rise to e issue of equity shares (hereinafter collectively referred to as Securities ) of e Company, not exceeding in aggregate 5,00,000 (Five Lakhs) equity shares of Rs. 10/ (Rupees Ten) each in one or more tranches at such price or prices and in such manner and on such terms & conditions as may be fixed or determined by e Board in accordance wi e Guidelines or oer applicable provisions of any law as may be prevailing at at time. RESOLVED FURTHER THAT e new equity shares to be issued and allotted by e Company in e manner aforesaid shall rank paripassu in all respects wi e existing equity shares of e Company. RESOLVED FURTHER THAT e Board be and is hereby auorized to take necessary steps for listing of e Securities allotted upon exercise under TIILESOP 2014 on e Stock Exchanges where e Company s equity shares are listed as per e provisions of e Listing Agreements wi e concerned Stock Exchanges and oer applicable guidelines, rules and regulations. RESOLVED FURTHER THAT for e purpose of giving effect to any creation, offer, issue, allotment or listing of securities under TIILESOP 2014, e Board / Nomination and Remuneration committee of e Board be and is hereby auorized on behalf of e Company to formulate, evolve, decide upon and bring into effect TIILESOP 2014 and to make any modifications, changes, variations, alterations, or revisions in e TIIL ESOP 2014 from time to time, as may be required, or to suspend, widraw or revive TIIL ESOP 2014 and to do and perform all such acts, deeds, matters and ings as it may in its absolute discretion deem necessary, proper or desirable including allotment of equity shares upon exercise of vested options, forfeiture/cancellation of options granted; to reissue options which have lapsed/cancelled due to whatsoever reasons etc. as also to settle any question, difficulty or doubt at may arise in is regard and wiout requiring to secure any furer consent or approval of e shareholders of e Company. 13 (b) RESOLVED THAT pursuant to e provisions of Section 62 of e Companies Act, 2013 and Rule 13 of Companies (Share Capital & Debentures) Rules 2014 and all oer applicable provisions, if any, of e Companies Act, 2013 ( e Act ), e relevant provisions of e Memorandum & Articles of Association of e Company, e Securities & Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 ( e Guidelines ) (including any amendment ereto or reenactment ereof to e Act or e Guidelines for e time being in force), e Listing Agreement entered into wi e Stock Exchanges, and subject to such oer approvals, consents, permissions and sanctions as may be necessary from appropriate auorities or bodies and subject to such conditions & modifications as may be prescribed, specified or suggested by any of em while granting such approvals, consents, permissions and sanctions which may at its sole discretion be agreed to by e Board of Directors of e Company (hereinafter referred to as e Board which [6]

7 term shall be deemed to include any committee including e Nomination and Remuneration Committee which e Board may at its discretion auorize to exercise certain or all of its powers including e powers conferred by is resolution, e consent of e Company be and is hereby accorded to e Board to extend e benefit of e Tirupati Industries (India) Limited ESOP 2014 (TIILESOP 2014) referred to in e resolution under item no 13 (a) of e notice to e benefit of such persons who are in permanent employment of e Subsidiary Company, by way of grant of such number of equity shares and/or equity linked instruments including Options/Warrants and/or any oer instruments or securities, which upon exercise could give rise to e issue of equity shares under TIIL ESOP 2014 not exceeding in aggregate 5,00,000 (Five Lakhs) equity shares of Rs 10/(Rupees Ten) each in one or more tranches at such price and in such manner and on such terms & conditions as may be fixed or determined by e Board in accordance wi e guidelines or oer applicable provisions of any law as may be prevailing at at time. RESOLVED FURTHER THAT for e purpose of giving effect to any creation, offer, issue, allotment or listing of securities under TIILESOP 2014, e Board / Nomination and Remuneration committee of e Board be and is hereby auorized on behalf of e Company to formulate, evolve, decide upon and bring into effect TIILESOP 2014 and to make any modifications, changes, variations, alterations, or revisions in e TIILESOP 2014 from time to time, as may be required, or to suspend, widraw or revive TIILESOP 2014 and to do and perform all such acts, deeds, matters and ings as it may in its absolute discretion deem necessary, proper or desirable including allotment of equity shares upon exercise of vested options, forfeiture/cancellation of options granted; to reissue options which have lapsed/cancelled due to whatsoever reasons etc. as also to settle any question, difficulty or doubt at may arise in is regard and wiout requiring to secure any furer consent or approval of e shareholders of e Company. 14) To consider and if ought fit, to pass wi or wiout modification(s), e following resolution as a Special Resolution: RESOLVED THAT in pursuance to e provisions of Section 196, 197, 198 and oer applicable provisions, if any, of e Companies Act, 2013 and e Rules made (including any statutory modification(s) or reenactments ereof, for e time being in force), read wi Schedule V to e said Act and subject to such oer approvals, consents as may be required, e consent of e Members of e Company be and is hereby accorded for e reappointment of Mr. Jyotiram Nale as a Wholetime st Director of e Company for a period of 5 (five) years wi effect from 1 August, 2014, on e terms & conditions of remuneration as set out in e Explanatory Statement annexed to e notice convening e meeting, wi liberty to e Board of Directors (hereinafter referred to as e Board which term shall be deemed to include e Nomination & Remuneration Committee constituted by e Board) to alter and vary e terms & conditions of e said appointment and / or e remuneration, subject to e same not exceeding e limits specified in Schedule V to e Companies Act, 2013, including any statutory modification or reenactment ereof for e time being in force or as may hereafter be made by e Central Government in at behalf from time to time, or any amendments ereto. RESOLVED FURTHER THAT in pursuance of e provisions of Section 197(3) and oer applicable provisions, if any, of e Companies Act, 2013, and e Rules framed ereunder Mr. Jyotiram Nale, Whole time Director, may be paid mentioned remuneration as minimum remuneration in e event of absence or inadequacy of profits in any financial year during his term of office as Whole Time Director, in accordance wi e provisions of Schedule V to e Companies Act, RESOLVED FURTHER THAT e Board be and is hereby auorized to take all such steps as may be necessary, proper or expedient to give effect to e above stated resolutions. NOTES 1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ABOVE MEETING, IS ALSO ENTITLED TO APPOINT A PROXY/PROXIES TO ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF/HERSELF. SUCH PROXY/PROXIES NEED NOT BE A MEMBER OF THE COMPANY. A person can act as proxy on behalf of members not exceeding Fifty (50) and holding in e aggregate not more an 10% (Ten percent) of e total share capital of e Company. Furer, a Member holding more an 10% (Ten percent) of e total share capital of e Company carrying voting rights may appoint a single person as proxy and such person shall not act as proxy for any oer person or Member. The instrument appointing a proxy must be deposited at e Registered Office of e Company not less an 48 hours before e commencement of meeting. 2. Explanatory Statement pursuant to section 102 of Companies Act, 2013 in respect of e Special Business at item no. 4 to 14 is annexed hereto and forms part of e notice. [7]

8 FORTY FIRST ANNUAL REPORT Corporate members intending to send eir auorized representative to attend e Meeting are requested to send to e Company a Certified Copy of e Board resolution auorizing eir representative to attend and vote on eir behalf at e Meeting. 4. Register of Members and Share Transfer Books of e Company shall remain closed during, Tuesday to Monday, 29 September, 2014 (Bo days inclusive). rd September, 5. Members are requested to notify any change in eir address to e Company quoting eir Folio number. This will help e Company to provide efficient and better service to its Members. 6. The Company is concerned about e environment. Thus, we request you to update your address wi your Depository Participants to enable us to send you communication via . Members who have not registered eir addresses, so far, are requested to register eir addresses in respect of electronic holdings wi e Depository rough eir concerned Depository Participants. Members who hold shares in physical form are requested to provide eir addresses to Link Intime India Pvt. Ltd. (RTA) sending an at Mumbai@linkintime.co.in or to e Company at info@tirupatiind.com 7. Members / Proxy holders are requested to produce at e entrance, e attached admission slip duly completed and signed, for admission to e Meeting hall. 8. Members are requested to bring eir copy of e Annual Report to e Meeting. 9. In terms of Section 107 and 108 of e Companies Act, 2013 read wi e Rules made ereunder, e Company is pleased to provide e evoting facility to its Members holding shares in physical or dematerialized form as on e cutoff date (record date), being Friday 22nd August, 2014, to exercise eir right to vote by electronic means on any or all of e businesses specified in e accompanying Notice and e business may be transacted rough evoting Services provided by National Securities Depository Limited (NSDL). Details of e process and manner of evoting along wi e USER ID and PASSWORD is being sent to all e Members alongwi e AGM Notice. 10. In case of Members who are entitled to vote but have not exercised eir right to vote by electronic means, upon poll being demanded, in e larger interest of e Members, e Chairman may order a poll on his own motion or on demand at e Meeting in terms of Section 109 of e Companies Act, 2013 for all business specified in e AGM Notice. For abundant clarity, in e event of poll, please note at e Members who have exercised eir right to vote by electronic means shall not vote by way of poll at e Meeting. The voting rights of e Members shall be in proportion to eir shares of e paidup equity share capital of e Company, subject to e provisions of e Companies Act, The poll process shall be conducted and scrutinized and report ereon will be prepared in accordance wi Section 109 of e Companies Act, 2013 read wi e Rules made ereunder. 11. The Results declared along wi Scrutinizer s Report(s) will be available on e website of e Company wiin 2 (two) days of passing of e resolutions and communication of e same to e Bombay Stock Exchange (BSE) Limited. 12. VOTING THROUGH ELECTRONIC MEANS: I. In Compliance wi provisions of Section 108 of e Companies Act, 2013 and Rule 20 of e Companies (Management and Administration) Rules, 2014, e Company is pleased to provide members facility to exercise eir right to vote at e Forty First Annual General (AGM) by electronic means and e business may be transacted rough evoting Services provided by National Securities Depository Limited (NSDL). The instructions for evoting are as under: A. In case a Member receives an from NSDL (for members whose IDs are registered wi e Company/Depository Participant(s)): (i) (ii) Open and open PDF File viz: TIIL evoting.pdf wi your Client ID or Folio No. as password. The said PDF file contains your user ID and password/pin for evoting. Please note at e password is an initial password. Launch internet browser by typing e following URL: [8]

9 (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) Click on Shareholder Login. If you are already registered wi NSDL for evoting en you can use your existing User ID and Password. If you are logging in for e first time, please enter e User ID and Password provided in e PDF file as initial password. Put user ID and password as initial password/pin noted in step (i) above. Click Login. Password change menu appears, Change e password/pin wi new password of your choice wi minimum 8 digits/characters or combination ereof. Note new password. It is strongly recommended not to share your password wi any oer person and take utmost care to keep your password confidential. Home page of evoting opens. Click on evoting: Active voting cycles. Select EVEN of Tirupati Industries (India) Limited. Now you are ready for evoting as Cast vote page opens. Cast your vote by selecting appropriate option and click on Submit and also Confirm when prompted. Upon confirmation, e message Vote cast successfully will be displayed. Once you have voted on e resolution, you will not be allowed to modify your vote. Institutional shareholders (i.e. oer an individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of e relevant Board Resolution/ Auority letter etc. togeer wi attested specimen signature of e duly auorized signatory(ies) who are auorized to vote, to e Scrutinizer specimen signature of e duly auorized signatory(ies) who are auorized to vote, to e Scrutinizer rough to tiil.scrutinizer@gmail.com wi a copy marked to evoting@nsdl.co.in B. In case a Member receives physical copy of e Notice of AGM (for Members whose addresses are not registered wi e Company/Depository Participant(s) or requesting physical copy): (i) (ii) Initial password is provided as under: EVEN (E Voting Event Number) USER ID & PASSWORD/PIN Please follow all steps from SI. No. (ii) to Sl. No. (xiv) above, to cast vote. II. In case of any queries, you may refer e Frequently Asked Questions (FAQs) for Shareholders and evoting user manual for Shareholders available at e Downloads section of III. You can also update your mobile number and id in e user profile details of e folio, which may be used for sending future communication(s). nd IV. The evoting period commences on Monday 22 September 2014 (9.00 am IST) and ends on Wednesday 24 September 2014 (6.00 pm IST). During is period shareholder s of e Company, holding shares eier in physical form or in nd dematerialized form, as on e cutoff date (record date) of Friday 22 August, 2014, may cast eir vote electronically. This evoting module shall be disabled by NSDL for voting ereafter. Once e shareholder casts e vote on a resolution, e shareholder shall not be allowed to change it subsequently. V. The voting rights of shareholders shall be in proportion to eir shares of e paid up equity share capital of e Company nd as on e cutoff date (record date) of Friday 22 August, VI. Mr. Ravindra Joshi, Practising Company Secretary (Membership No. FCS 1419) has been appointed as e Scrutinizer to scrutinize e evoting process in a fair and transparent manner. VII. Members who do not have access to evoting facility will be entitled to vote at e AGM as per e extant law. A Member can opt for only one mode of voting i.e. eier rough evoting or by attendance at AGM. However, e vote cast rough evoting shall prevail. VIII. The Scrutinizer shall wiin a period not exceeding ree (3) working days from e conclusion of e evoting period unblock e votes in e presence of at least two (2) witnesses not in e employment of e Company and make a Scrutinizer s Report of e votes cast in favour or against, if any, forwi to e Chairman of e Company. IX. The results shall be declared on or after e AGM of e Company. The Results declared alongwi e Scrutinizer s Report shall also be placed on e Company s website and on e website of NSDL st wiin two (2) days of passing of e Resolutions at e 41 AGM of e Company on Monday 29 [9]

10 FORTY FIRST ANNUAL REPORT September 2014 and communicated to e BSE Limited, where e shares of e Company are listed. Dated: 14 August , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/ramesh Sanghvi (Chairman) Brief of Directors seeking appointment/reappointment are as under: Mr. Jyotiram Nale Mr. Ramesh Sanghvi Mr. Manchand Jhaveri Mr. Hitesh Jhaveri Date of Bir 02/06/ /08/ /01/ /11/1964 Date of Appointment 30/07/ /12/ /03/ /05/2011 Experience & Expertise Graduate wi a rich experience of more an 27 years in factory administration & accounts. Science Graduate from Mumbai University and is engaged in consultancy on advanced chemistry. Businessman having a Trading Business since last 42 years. Directorship(s) held in oer Companies (incl. Foreign Companies) Monopoly Innovations Limited* NIL NIL Commerce Graduate from Bombay University and has 29 years experience bo in manufacturing & trading and has a proficiency in Accounts, Finance & Taxation. Monopoly Innovations Limited* Tirupati Industries (India) Limited Tirupati Industries (India) Limited Tirupati Industries (India) Limited Tirupati Industries (India) Limited Audit Committee (Member) Nomination & Remuneration Committee (Member) Audit Committee (Chairman) Audit Committee (Member) Stakeholders Relationship Committee (Chairman) Stakeholders Relationship Committee (Member) Nomination & Remuneration Committee (Chairman) NIL Nomination & Remuneration Committee (Member) Memberships of oer Committees Stakeholders Relationship Committee (Member) No. of shares held 9500 NIL NIL *Monopoly Innovations Limited is a Subsidiary Company of Tirupati Industries (India) Limited. Monopoly Innovations Limited has been formed on 7 March [10]

11 EXPLANATORY STATEMENT IN RESPECT OF THE SPECIAL BUSINESS (Pursuant to Section 102 of e Companies Act, 2013) As required by Section 102 of e Companies Act, 2013 (hereinafter referred to as e Act ), e following explanatory statements set out all material facts relating to e business mentioned under Item Nos. 4 to 14 of e accompanying notice dated 14 August ITEM NO. 4 Mr. Ramesh Sanghvi, Science Graduate and engaged in consultancy on advanced chemistry has been an Independent Director of e Company since Mr. Ramesh Sanghvi, Independent Director of e Company had been appointed as Director liable to retire by rotation and retires by rotation at e ensuing Annual General Meeting in terms of e provisions of e erstwhile Companies Act, In terms of Section 149 and oer applicable provisions of e Companies Act, 2013, being eligible and seeking reappointment, st is proposed to be appointed as Independent Director for a term upto 31 March, The Company has received notices in writing under e provisions of Section 160 of e Companies Act, 2013 from members along wi a deposit of Rs. 1,00,000/ (Rupees One Lakh) proposing candidature of Shri Ramesh Sanghvi for e office of Independent Director, to be appointed as such under e provisions of Section 149 of e said Act. The Company has received consent in writing to act as director and declaration to e effect at he is not disqualified under Section 164(2) of e Companies Act, 2013 in prescribed Form DIR 2 and DIR 8 respectively. Furer, e Company has received a declaration to e effect at he meets criteria of independence as provided in Section 149(6) of e said Act. Furer, in terms of Sections 149, 152 read wi Schedule IV of e Companies Act, 2013, e Board of Directors have reviewed e declaration made by e said Director at he meets e criteria of independence as provided in Section 149(6) of e Companies Act, 2013 and e Board is of opinion at he fulfills e conditions specified in e Companies Act, 2013 and e Rules made ereunder and is independent of e management. The Board considers at continued association of Mr. Ramesh Sanghvi would be of immense benefit to e Company in view of his qualification, expertise and experience in his field as also exposure to e corporate culture and governance. Furer, his continued association would be of immense benefit to e Company and it is desirable to continue to avail his services as Independent Director. Copy of e draft letter for appointment proposed to be issued to Mr. Ramesh Sanghvi as an Independent Director setting out e terms and conditions ereof is available for inspection wiout any fee by e members at e Registered Office of e Company during normal business hours on all working days except Tuesdays between a.m. and 1.00 p.m., up to e date of e AGM. The resolutions proposed at Item No. 4 of e accompanying Notice, seek e approval of e members for appointment of Shri Ramesh Sanghvi as an Independent Director of e Company for a period up to 31st March, 2019 pursuant to Section 149 and oer applicable provisions of e Companies Act, 2013 and Rules made ereunder and furer, not as director liable to retire by rotation. Your Board us recommends e said resolution for your approval as an Ordinary Resolution. Mr. Ramesh Sanghvi is interested in e resolution pertaining to his appointment as an Independent Director. None of e oer Directors and Key Managerial Personnel of e Company or eir relatives are in any way, concerned or interested, financially or oerwise, in e said resolution. ITEM NOS. 5 and 6 Mr. Manchand Jhaveri, Businessman wi over 42 years of experience in trading industry has been an Independent Director of e Company since [11]

12 FORTY FIRST ANNUAL REPORT Mr. Hitesh Jhaveri, a Commerce Graduate from Bombay University having proficiency in Accounts, Finance & Taxation, has been Independent Director of e Company since Mr. Manchand Jhaveri, and Mr. Hitesh Jhaveri are Independent Directors whose period of office is liable to determination by retirement of directors by rotation under e erstwhile applicable provisions of e Companies Act, In terms of Section 149 and oer applicable provisions of e Companies Act, 2013, all of em being eligible and offering emselves for appointment, is proposed to be appointed as an Independent Director for five consecutive years for a term upto 31st March, The Company has received notices in writing under e provisions of Section 160 of e Companies Act, 2013 from members along wi a deposit of Rs. 1,00,000/ (Rupees One Lakh) in each case, proposing candidature of Mr. Manchand Jhaveri, and Mr. Hitesh Jhaveri for e office of Independent Directors, to be appointed as such under e provisions of Section 149 of e said Act. The Company has received from each of e said Directors, consent in writing to act as director and declaration to e effect at ey are not disqualified under Section 164(2) of e Companies Act, 2013 in prescribed Form DIR 2 and DIR 8 respectively. Furer, e Company has received from each of e said Directors, a declaration to e effect at he meets criteria of independence as provided in Section 149(6) of e said Act. Furer, in terms of Sections 149, 152 read wi Schedule IV of e Companies Act, 2013, e Board of Directors have reviewed e declaration made by each of e said Directors at he meets e criteria of independence as provided in Section 149(6) of e Companies Act, 2013 and e Board is of opinion at ey fulfill e conditions specified in e Companies Act, 2013 and e Rules made ereunder and are independent of e management. The Board considers at continued association of each of e said Independent Directors would be of immense benefit to e Company in view of eir qualification, expertise and experience in eir respective field as also exposure to e corporate culture and governance. Furer, continued association of each of e said Directors would be of immense benefit to e Company and it is desirable to continue to avail services of each one of em as Independent Directors. Copies of e draft letters for appointment proposed to be issued to Mr. Manchand Jhaveri, and Mr. Hitesh Jhaveri as Independent Directors setting out e terms and conditions ereof are available for inspection wiout any fee by e members at e Registered Office of e Company during normal business hours on all working days except Tuesdays between a.m. and 1.00 p.m., up to e date of e AGM. The resolutions proposed at Item Nos. 5 & 6 of e accompanying Notice, seek e approval of e members for appointment of each of e said Directors as an Independent Director of e Company for a period up to 31st March, 2019 pursuant to Section 149 and oer applicable provisions of e Companies Act, 2013 and Rules made ereunder and furer, not as directors liable to retire by rotation. Your Board us recommends e said resolutions for your approval as an Ordinary Resolution. Mr. Manchand Jhaveri and Mr. Hitesh Jhaveri are interested in e resolution pertaining to eir respective appointment as an Independent Director. None of e oer Directors and Key Managerial Personnel of e Company or eir relatives is, in any way, concerned or interested, financially or oerwise, in e said resolutions. ITEM NOS. 7, 8 and 9 Board of Directors of e Company is actively considering various grow opportunities wi objective of expanding its capacities, reducing debt, augment its working capital finances and becoming truly competitive in its business. In order to enable e Company to raise furer Equity capital, it is proposed to increase e Auorized Capital from Rs. 7,50,00,000 (Rupees Seven Crore Fifty Lakhs) to Rs, 10,00,00,000 (Rupees Ten Crores). The resolution as set out in Item No. 7 is for obtaining e approval of e Shareholders. Consequent to e increase in e Auorized Capital of e Company, as above, it is necessary to amend clause V of e Memorandum of Association of e Company and Article 5(a) of e Articles of Association of e company. Resolution at item Nos. 8 and 9 of e Notice are for obtaining approval of e Shareholders. [12]

13 Your Board us recommends e said resolution for your approval as a Special Resolution. None of e Directors and Key Managerial Personnel of e Company and eir relatives are concerned or interested, financially or oerwise, in e said resolution. ITEM NO. 10 A proposal for appointment of Cost Auditor for was recommended by e Audit Committee to e Board. It was proposed to reappoint Mr. Rajesh Soni, Cost Accountant, as Cost Auditor. Certificate dated issued by Mr. Rajesh Soni regarding his eligibility for appointment as Cost Auditor will be available for inspection at e Registered Office of e Company during a.m. to 1.00 p.m. on working days except Tuesdays As per Rule 14 of Companies (Audit and Auditors) Rules 2014, e appointment and remuneration payable to e Cost Auditors is to be ratified by e Shareholders. Hence is resolution is put for e consideration of e shareholders. Your Board us recommends e said resolution for your approval as an Ordinary Resolution. None of e Directors and Key Managerial Personnel of e Company and eir relatives are concerned or interested, financially or oerwise, in e said resolution. ITEM NO. 11 The members of e Company, at e Annual General Meeting held earlier, by way of a Special Resolution passed under Section 293(1)(d) of e Companies Act, 1956, had accorded eir consent to e Board of Directors to borrow funds up to an amount of Rs. 50,00,00,000 (Rupees Fifty Crores) over and above e aggregate of paid up share capital and free reserves of e Company. Pursuant to Section 180 of e Companies Act, 2013 effective from 12 September, 2013, prior consent of e Company is required by way of a special resolution to e Board of Directors to borrow funds, apart from temporary loans obtained from e company s bankers in e ordinary course of business, exceeding aggregate of e paid up share capital and free reserves of e Company. Having regard to e grow in e operations and ongoing capital expenditure plans, it is necessary to augment long terms funds required by e Company. It is, erefore, proposed to obtain consent of e members by way of a Special Resolution under Section 180 and oer applicable provisions of e Companies Act, 2013, to increase e borrowing powers of e Board of Directors as set out in e draft resolution proposed at Item No. 11 of e accompanying Notice to Rs. 50,00,00,000 (Rupees Fifty Crores). Your Board us recommends e said resolution for your approval as a Special Resolution. None of e Directors, Key Managerial Personnel of e Company or eir relatives is, in any way, concerned or interested, financially or oerwise, in e said resolution. ITEM NO. 12 The existing Articles of Association (AoA) of e Company are based on e Companies Act, 1956 and several regulations in e existing AoA contain special Sections of e Companies Act, 1956 and some regulations in e existing AoA are no longer in conformity wi e provisions of e Companies Act, 2013 ( Act ). The Act is now largely in force. On September 12, 2013, e Ministry of Corporate Affairs (MCA) has notified 98 Sections and on March 26, 2014, MCA has notified most of e remaining Sections barring few provisions. However substantive Sections of e said Act, which deal wi e general working of e Companies stand notified. Wi e coming into force of e Act several regulations of e existing AoA of e Company require alteration or deletion in several articles. Given is position, it is considered expedient to wholly replace e existing AoA by a new set of Articles. [13]

14 FORTY FIRST ANNUAL REPORT The new AoA to be substituted in place of e existing AoA are based on Table F of e Act which sets out e model Articles of Association for a Company limited by Shares. The Proposed new draft AoA shall be open for inspection at e Registered Office of e Company on all working days (except Tuesdays) between a.m. to 1.00 p.m. up to and including e date of e AGM of e Company. Your Board us recommends e said Resolution for your approval as a Special Resolution. None of e Directors and Key Managerial Personnel of e Company and eir relatives is concerned or interested, financially or oerwise, in e said resolution. ITEM NO. 13, 13 (a), 13 (b) In order to reward, motivate and retain desired talent for high level of individual performance and also to create a culture of ownership and building commitment towards e Company, and to align employees objectives towards critical goals / milestone of e Company, it is proposed to introduce Tirupati Industries (India) Limited ESOP 2014 (TIILESOP 2014 SCHEME). The Scheme is meant for eligible permanent employees, Directors of e Company, including permanent employees of e Subsidiary Company as may be decided by e Nomination and Remuneration Committee of e Board of Directors of e Company. TIILESOP 2014 would be subject to and in conformity wi e guidelines issued in is regard from time to time by e Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines 1999 (SEBI Guidelines) or any amendment ereof. In terms of SEBI Guidelines, e administration of ESOP 2014 would vest wi e Nomination and Remuneration Committee of e Board of Directors of e Company. Disclosures as per Regulation 6.2 of e SEBI Guidelines as amended 1. Total number of Options to be granted under e ESOP Total number of Options to be granted under e Scheme shall not exceed 5,00,000 (Five Lakhs) equity shares of Rs.10/(Rupees Ten) each. One option entitles e holder of e options to apply for one equity share of Re.10/ each of e Company. Vested Options at lapse due to non exercise or unvested options at get cancelled due to resignation of employee or oerwise, would be available for regrant at a future date. 2. Identification of classes of employees entitled to participate in e ESOP All eligible permanent employees (including Directors) in various cadres of e Company including e employees of e Subsidiary Company, as may be decided by e Nomination and Remuneration Committee would be eligible for TIILESOP 2014 (As per SEBI Guidelines, Employees belonging to promoters or promoter group or holding directly or indirectly more an 10% of e outstanding equity shares of e Company shall not be eligible under e Scheme). 3. Requirements of vesting period of vesting and maximum period of vesting Vesting will commence two years after e date of grant and may extend upto five years from e date of grant. The vesting shall happen in one or more tranches as may be decided by e Nomination and Remuneration Committee. Percentage of vesting shall be at e rates decided by Nomination and Remuneration Committee. 4. Exercise Price or Pricing formula The options would be issued at a market price (Exercise Price), which would be e latest available closing price on e Stock Exchange, which records e highest trading volume in e Company s equity shares on e date prior to e date of e meeting of e Nomination and Remuneration Committee at which e options are granted or at such price as e Nomination and Remuneration Committee may determine which shall not be below e face value of e equity share. 5. Exercise Period and e Process of Exercise The Exercise period will commence from e date of vesting and extend upto not later an 5 (five) years from e date of e vesting of e Options or such oer period as may be decided by e Nomination and Remuneration Committee, from time to time. The Option would be exercisable by e employee by a written application to e designated officer of e Company to [14]

15 exercise e options in such manner, and on execution of such documents as may be prescribed by e Nomination and Remuneration Committee under e Scheme. The options will lapse if not exercised wiin e specified exercise period. 6. Appraisal process for determining e eligibility of employees to e ESOP The appraisal process for determining e eligibility of e employees and directors will be in accordance wi e TIILESOP 2014 or as may be determined by e Nomination and Remuneration Committee at its sole discretion. 7. Maximum number of options to be issued per employee and in aggregate The maximum number of options to be granted to an employee shall not exceed 0.5% (Half percent) of issued capital per employee, subject to aggregate of 5% (Five percent) of e paid up equity shares. 8. Disclosure and Accounting policies The Company will comply wi e disclosure and accounting policies, as applicable. 9. Meod of Option Valuation The Company shall use e Intrinsic Value Meod for valuation of e options. As e Company calculates e employee compensation cost using e intrinsic value of e stock options, e difference between e employee compensation cost so computed and e employee compensation cost at shall have been recognized if it had used fair value of e options shall be disclosed in e Director s Report and also e impact of is difference on profits and Earning Per Share (EPS) of e Company shall also be disclosed in e Directors Report. In terms of Section 62 of e Companies Act, 2013 and Rule 13 of Companies (Share Capital & Debentures) Rules 2014 and oer applicable provisions if any of e Companies Act 2013 and SEBI Guidelines approval of Shareholders is sought to issue equity Shares pursuant to options to be granted under TIILESOP 2014 not exceeding 5,00,000 (Five Lakhs) equity shares. Accordingly e Special Resolutions set out at Item nos. 13, 13(a) and 13(b) are being placed for e approval of e Shareholders. The Board recommends e passing of Special Resolutions set out at Item No. 13, 13 (a) and 13 (b) of e Notice All of Directors of e Company except Promoter Directors are concerned or deemed to be interested in e resolution to e extent e equity shares at may be offered to em under e Scheme. ITEM NO. 14 The Board of Directors of e Company ( e Board ) at its meeting held on 14 August, 2014 on e recommendation of e Nomination & Remuneration Committee and subject to e approval of e members, accorded eir approval for rest appointment of Mr. Jyotiram Nale, as Whole Time Director for a furer period of 5 (five) years wi effect from 1 August 2014 on e following terms and conditions: 1. The Company shall employ Mr. Jyotiram Nale and Mr. Jyotiram Nale shall serve e Company as its Whole Time st Director for a period of Five years from 1 August, 2014 subject to e employment being previously determined in pursuance of any provisions of is agreement. 2. Mr. Jyotiram Nale shall exercise and perform all such powers and duties as e Board of Directors of e Company (hereinafter called e Board ) shall from time to time in its absolute discretion determine and subject to any directions and restrictions from time to time given and imposed by e Board, Mr. Jyotiram Nale shall have general control of e Business of e Company wi power to enter into contracts on behalf of e Company in e ordinary course of business, he may consider necessary or proper and in e best interest of e Company. During his employment under is agreement e Wholetime Director shall devote his whole time and attention during business hours to e business of e Company and shall use his best endeavour to promote its interest and welfare and shall undertake such travel in or outside India on or in relation to e business of e Company and as may from time to time be required or directed by e Board. [15]

16 FORTY FIRST ANNUAL REPORT The Company shall pay to e Wholetime Director during e continuance of is agreement in consideration of e performance of his duties: Emoluments of Rs. 4,55,000/ (Rupees Four Lakhs Fifty Five Thousand) wi liberty to e Board to sanction such Annual increments as e Board at its absolute discretion determine from time to time subject to a maximum permissible limits as per e Act. This amount will be subject to various deductions. 4. In addition to e above, Mr. Jyotiram Nale shall also be entitled to following perquisites; a) Conveyance Facilities: The Company shall provide a suitable vehicle for use by e Wholetime Director. Repairs, maintenance and running expenses including driver s salary shall be borne / reimbursed by e Company. b) Entitlement for Leave wi full pay or encashment ereof, as per e rule of e Company. c) Contribution to Provident Fund: The benefits of e Company s Provident Fund Scheme in accordance wi e rules of e scheme for e time being in force as laid down in e Income Tax Rules, 1962 or any modification ereof. d) Gratuity: The benefits of Gratuity in accordance wi e rules for e time being in force as laid down in e Income Tax Rules, 1962 or any modification ereof. Oer Terms and conditions for appointment of Mr. Jyotiram Nale as Wholetime Director are as follows 1. The Company shall employ Mr. Jyotiram Nale and Mr. Jyotiram Nale shall serve e Company as its Wholetime st Director for a period of Five years from 1 August, 2014 subject to e employment being previously determined in pursuance of any provisions of is agreement 2. Mr. Jyotiram Nale shall exercise and perform all such powers and duties as e Board of Directors of e Company (hereinafter called e Board ) shall, from time to time in its absolute discretion, determine and subjects to any directions and restrictions from time to time given and imposed by e Board, Mr. Jyotiram Nale shall have general control of e Business of e Company wi power to enter into contracts on behalf of e Company in e ordinary course of Business and to do and perform all oer acts and ings which in e ordinary course of business he may consider necessary or proper or in e best interest of e Company. During his employment under is agreement e Wholetime Director shall use his best endeavor to promote e Company s interest and welfare and shall undertake such travel in or outside India on or in relation to e business of e Company and as may from time to time be required or directed by e Board. 3. Mr. Jyotiram Nale shall be entitled to reimbursement of expenses reasonably incurred by him exclusively in e business of e company and approved by e Board of e Company. 4. During his employment under is Agreement Mr. Jyotiram Nale shall not directly or indirectly engage himself in any oer business, occupation or employment whatsoever provided however at it shall be permissible to Mr. Jyotiram Nale to hold wi e previous sanction of e board any directorship or directorships of any oer Company or Companies and e holding of such directorships shall not be deemed to be a contravention of is clause. 5. Mr. Jyotiram Nale as long as he functions as e Wholetime Director shall not be paid any sitting fees for attending e meeting of e Board or any committees ereof. 6. Mr. Jyotiram Nale shall not during e continuance of is employment hereunder or at any time ereafter divulge or disclose to any person whatsoever or make any use whatsoever for his own purpose or for any purpose oer an at of e Company of any information or knowledge obtained by him during his employment as to e business or affairs of e company or its meods or as to any trade secret process of e company and Mr. Jyotiram Nale shall during e continuance of his employment hereunder also use his best endeavors to prevent any oer person from doing so. 7. The employment of Mr. Jyotiram Nale as Wholetime Director under is Agreement shall forwi determine if he shall become insolvent or make any composition or arrangement wi his creditor or shall cease to be a Director of e Company. 8. If Mr. Jyotiram Nale be guilty of negligence in e conduct of e business of e company or of any misconduct or any breach of is agreement, as in e opinion of is board, renders his retirement from e office of Wholetime Director, desirable e company may by not less at 90 (Ninety) days notice in writing to Mr. Jyotiram Nale determine is agreement and he shall cease to be a Director of e company upon e expiration of such notice. [16]

17 9. In e event Mr. Jyotiram Nale becomes disqualified to act as a Director for any reason or failure rough inadvertence or oversight to secure e leave of absence from meetings of e Board (in eier of which later event he shall be reappointed as a Wholetime Director) e Company may by notice in writing to e Wholetime Director determine is agreement wi immediate effect. 10. Notwistanding anying to e contrary contained in is agreement eier party shall by giving not less an six calendar mon s notice in writing in at behalf to e oer party wiout e necessity of showing any cause and on e expiry of e period of such notice is agreement shall stand terminated and Mr. Jyotiram Nale shall cease to be e Wholetime Director of e company provided however at e company shall be entitled to terminate Mr. Jyotiram Nale employment at any time by payment to him of six mons salary in lieu of notice. 11. Any notice required to be given by Mr. Jyotiram Nale to e company under or in pursuance of is agreement shall be sent by Registered Post acknowledgement due to e Company at its Registered Office for e time being. Any notice required to be given by e company to Mr. Jyotiram Nale under or in pursuance to is agreement shall be eier delivered to him personally or sent by Registered Post acknowledgement due to his last known residential address. All notices given by Mr. Jyotiram Nale to e Company or to Mr. Jyotiram Nale by e Company shall be deemed to have been duly served upon e expiration of ninetysix hours from e date of posting. 12. This agreement represents e entire agreement between e parties hereto in relation to e terms and conditions of Mr. Jyotiram Nale employment wi e Company as Wholetime Director. The terms and conditions set out for reappointment and payment of remuneration specified herein may be altered and varied from time to time by e Board of Directors ( e Board which term shall be deemed to include e Nomination & Remuneration Committee constituted by e Board of e Company), as it may, at its discretion deem fit. The Board is also entitled to revise e salary, perquisites and allowances payable to e said Whole Time Director of e Company at any time, such at e overall yearly remuneration payable to e said Whole Time Director shall not exceed e limits specified under Section 197 read wi Schedule V of e Companies Act, 2013 (including any statutory modification (s) or reenactment ereof for e time being in force) or any amendment made ereto. None of e Directors oer an Mr. Jyotiram Nale are in any way concerned or interested in e proposed resolution. The Board recommends e passing of Special Resolutions set out at Item No. 14 of e Notice Dated: 14 August , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/ramesh Sanghvi (Chairman) [17]

18 FORTY FIRST ANNUAL REPORT DIRECTOR S REPORT Dear Shareholders, Your Directors have pleasure in presenting e Forty First Annual Report togeer wi e Audited Statements of Accounts st along wi e Report of e Auditors for e financial year ended 31 March, COMPANY S FINANCIAL RESULTS st The Financial performance of e Company for e year ended 31 March, 2014 is summarized below: PARTICULARS Income from Operations Oer Operating Income Total Income from Operations Total Expenditure (excluding depreciation) Profit before depreciation Depreciation Profit/(Loss) Before Tax and exceptional items Exceptional Item Profit/(Loss) Before Tax Less: Provision for Taxation Current Deferred Earlier year MAT Credit Profit After Tax Add: Surplus brought Forward Balance carried to Balance Sheet (64.25) (2.49) (Rupees in Lakhs) (52.72) DIVIDEND Your Directors are reinvesting e earnings into e business of e Company for e furer grow and longterm interests of st e Company. No dividend has erefore been recommended for e year ended 31 March, OPERATIONS REVIEW During e year under review, e Company has increased its production activities & penetrated sales in domestic and international markets, which resulted in higher income from operations at Rs lakhs and has also increased e profit before tax at Rs lakhs as against Rs lakhs in e previous year. The Directors of e Company are confident at e same tempo of higher sales and increased profitability shall be maintained in e future. The Company has also achieved enhanced results from its export business of its GEMChem range of chemicals and has increased e market share of its vegetable oils under e brand MONOPOLY. PUBLIC DEPOSITS st The Company has not invited, accepted or renewed any deposits from e public during e year ended on 31 March, 2014 and as such Companies (Acceptance of Deposits) Rules, 1975 are not applicable to e Company. DIRECTOR S RESPONSIBILITY STATEMENT As required u/s 217(2AA) of e Companies Act, 1956 (i) That in e preparation of e Annual Accounts for e year ended st 31 March, 2014, e applicable Accounting Standards have been followed along wi proper explanation for material departures, if any; (ii) That e Directors have selected such accounting policies and applied em consistently and made judgments and estimates at are reasonable and prudent so as to give a true and fair view of e state of affairs of e Company at e end of e financial year of e profit of e Company for at year; [18]

19 (iii) That e Directors have taken proper and sufficient care for maintenance of adequate accounting records in accordance wi e provisions of e Act for safeguarding e assets of e Company and for preventing and detecting fraud and oer irregularities; (iv) That Directors have prepared e annual accounts on a going concern basis. APPOINTMENT/REAPPOINTMENT In accordance wi e provisions of e Companies Act, 2013 Mr. Jyotiram Nale, Director of e Company retires by rotation and being eligible offers himself for reappointment at e ensuing Annual General Meeting. The Companies Act, 2013 inter alia, provides for appointment of Independent Directors. Section 149(10) of e said act, st effective from 1 April, 2014, provides at Independent Directors shall hold office for a term of upto 5 (five) consecutive years on e Board of a Company and shall be eligible for reappointment on passing a special resolution by e shareholders of e Company. Section 149(11) of e said Act provides at no Independent Director shall be eligible for more an two consecutive terms of five years. It is also clarified at existing tenure of an Independent Director shall not be counted for e above purpose. Section 149(13) states at e provisions of retirement by rotation as provided in Section 152(6) and (7) of e said Act shall not apply to such Independent Directors. In view of is, your Directors are seeking appointment of Mr. Hitesh Jhaveri, Mr. Ramesh Sanghvi and Mr. Manchand Jhaveri st as Independent Directors for e terms given in e Notice of e 41 Annual General Meeting. Details of e proposal for e appointment of above Independent Directors are mentioned in e Explanatory Statement under Section 102 of e st Companies Act, 2013 of e Notice of e 41 Annual General Meeting. RESIGNATION OF DIRECTORS During e year, Mr. Ketan Karani resigned as a Director of e Company wi effect from 9 July, The Board wishes to place on record its deep appreciation for e significant contributions made by him to e Management of affairs of e Company and for his guidance to e Company during his tenure wi e Company. SUBSIDIARY During e year, Monopoly Innovations Limited has been incorporated as Whollyowned Subsidiary of e Company. Monopoly Innovations Limited is mainly engaged in manufacturing and marketing of innovative products in e field of fast moving consumer goods and in development, creation, marketing and dealing in brands, patents, logos and all such marketing tools to develop brands owned or acquired by e Company. In accordance wi e General Circular issued by e Ministry of Corporate Affairs, Government of India, e Balance Sheet, Statement of Profit and Loss and oer documents of e Subsidiary Company is not being attached wi e Balance Sheet of e Company. However, e financial information of e Subsidiary is disclosed in e Annual Report in compliance wi e said circular. The Company will provide a copy of separate annual accounts in respect of e Subsidiary to any shareholder of e Company who asks for it and e said annual accounts will also be kept open for inspection at e Registered Office of e Company and at of e Subsidiary Company. CONSOLIDATED FINANCIAL STATEMENTS In accordance wi e Accounting Standard (AS)21 on Consolidated Financial Statements, e Audited Consolidated Financial statement is provided in e Annual Report. BRAND DEVELOPMENT During e year, e Company has written off total expenditure on development of internally generated brands amounting to Rs lakhs (including an amount of Rs lakhs as carried under e head Intangible Asset under Development till March, 2013). CORPORATE GOVERNANCE Your Company has complied wi e mandatory Corporate Governance requirements stipulated under Clause 49 of e Listing Agreement. Report on Corporate Governance is annexed hereto forming part of is report. MANAGEMENT DISCUSSION AND ANALYSIS Management Discussion and Analysis Report as required under e Listing Agreement is annexed hereto forming part of is Report. [19]

20 FORTY FIRST ANNUAL REPORT PARTICULARS OF EMPLOYEES In terms of e provisions of Section 217(2A) of e Companies Act, 1956, read wi e Companies ( of Employees) Rules, 1975, as amended, e names and oer particulars of e employees are set out in e annexure to e Director s Report. Having regard to e provisions of Section 219(1)(b)(iv) of e said Act, e Annual Report excluding e aforesaid information is being sent to e members of e Company. Any member interested in obtaining such particulars may write to e Company Secretary of e Company. DISCLOSURE OF PARTICULARS Information as per e requirements of Section 217(1)(e) of e Companies Act, 1956, read wi Rule 2 of Companies (Disclosure of in e Report of Board of Directors) Rules, 1988, relating to Conservation of Energy, Research & Development, Technology Absorption, Foreign Exchange Earnings and Outgo are annexed heretoforming part of is Report. SAFETY, HEALTH AND ENVIRONMENT Your Company is committed to ensure sound Safety, Heal and Environmental (SHE) performance relating to its activities, products and services. The Company is taking continuous steps and also developing Environment friendly processes for effective resource management wi specific focus to energy, water and basic raw materials. Monitoring and periodic review of e designed SHE Management System is done on a continuous basis. AUDITORS AND AUDITORS REPORT M/s R. P. Trivedi and Associates, Chartered Accountants, Mumbai, Auditors of e Company, retire at e ensuing Annual General Meeting and are eligible for reappointment. Pursuant to e provisions of Section 139 of e Companies Act, 2013 and Rules framed ereunder, it is proposed to appoint M/s R. P. Trivedi and Associates, as Statutory Auditors of e Company from e conclusion of e ensuing AGM till e conclusion of e 44 (Forty Four) AGM to be held in e year 2017 subject to e annual ratification by members at e Annual General Meeting. COST AUDITORS The Cost Auditor Mr. Rajesh Soni, Cost Accountant, reappointed by e Company under Section 233B of e Companies Act, 1956 attends e Audit Committee Meeting, where cost audit records are discussed. INTERNAL AUDITORS M/s Mayra & Khatri, Chartered Accountants, are appointed as Internal Auditors of e Company for Financial Year HUMAN RESOURCE Your Company recognizes its Human Resources as one of its prime & critical resources. The relations between e Management and e staff members remained very cordial roughout e year under review. ACKNOWLEDGEMENT Your Directors would like to express eir appreciation for e assistance and cooperation received from e Government Auorities, Auditors, Financial Institutions, Banks, Customers, Suppliers, Shareholders and oer business Associates during e year under review. Your Directors also wish to place on record eir deep sense of appreciation for e committed services by e Company s executives, staff and workers. Dated: 30 May , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/ramesh Sanghvi (Chairman) [20]

21 ANNEXURE A Information as required under Section 217 (I) (e) read wi e Companies (disclosure of particulars in e Report of Board of Directors) Rules 1988 A) Consumption of Energy: The required information in Form A of e Companies Act 1956 is attached below: FORM A (See Rule 2) Form for Disclosure of particulars of Conservation of Energy PARTICULARS Current Year Previous Year (I) Power and Fuel Consumption 1. Electricity: (a) Purchased Units (b) Total Amount (Rs.) (c) Rate/Unit (Rs.) (d) Own Generation NIL NIL (e) Through diesel Operator Unit NIL NIL per Litre of Diesel Oil Cost/Unit 2. Coal Quantity (Tonnes) NIL NIL Total Cost (Rs.) NIL NIL Average Rate (Rs.) NIL NIL (Steam Coal Used for Steam Generation NIL NIL for dyeing plant) 3. Furnace Oil Quantity (K. Litres) NIL NIL Total Cost (Rs.) NIL NIL Average Rate (Rs.) NIL NIL 4. Oer Internal Generation Quantity (in kgs) Total Cost (Rs.) Average Rate (Rs.) (II) Consumption per unit of production The Company does not maintain separate records for consumption of electricity and furnace oil individually for each of its products. Technology Absorption Efforts made in technology absorption as per Form B of e Annex to e Rules (III) Research and Development (R&D) (IV) Technology Absorption Adaption and Innovation NIL NIL (V) Foreign Exchange Earnings and Outgo During e year e Company earned Foreign Exchange of Rs. 12,97,01,802 1,79,17,479 During e year e outgo of Foreign Exchange was Rs. 3,10,672 25,23,048 Dated: 30 May , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/ramesh Sanghvi (Chairman) [21]

22 FORTY FIRST ANNUAL REPORT MANAGEMENT DISCUSSION AND ANALYSIS OIL INDUSTRY The demand for edible oils in India has shown a steady grow at a CAGR of about 4%. The grow has been driven by improvement in per capita consumption, which in turn is attributable to rising income levels and living standards. However, e current per capita consumption levels of India are lower an e global averages. The Indian edible oils market continues to be underpenetrated and given e positive macro and demographic fundamentals it has a favourable demand grow outlook over e mediumtolong term VEGETABLE OILS Tirupati Industries (India) Limited has developed a good market for its vegetable oils in e last few years. The edible oil brand of e Company has been well accepted for its quality and price in e wholesale and retail market. Tirupati has a competitive edge due to e locational advantage, and can meet e demand for its product in e wholesale and retail market. The tremendous demand for its products encouraged e management to venture into selling different edible oils under its own brands. These products have been well received by e consumers. The demand for e TIRUPATI s brands is extremely encouraging. THREATS & OPPORTUNITIES The edible oil industry in India is characterized by intense competition and fragmentation, wi e presence of large number of units attributable to low barriers such as capital and low technical requirements of e business. As a result of is high competition and fragmentation, margins in e edible oil business tend to be in. Furer, Companies are exposed to risks of commodity price volatility and forex movements. TIRUPATI intends to create a market rough introduction of innovative products in various categories. There is a huge potential for e Innovative Specialty Oils at we have developed. We have identified a niche market for our products at will be targeted to different demographics across e country. We intend to tap is opportunity by increasing sales and conducting various promotional activities to increase e reach and availability of our products. Apart from its existing sales of MONOPOLY range of Edible Oils like Sunflower, Soyabean, Ricebran and Mustard, TIRUPATI has planned product additions of various Speciality Innovative Oils, Cottonseed, Groundnut, Sesame, Canola, and Olive Oil amongst oers. CHEMICALS AND LABORATORY REAGENTS There exists a great demand for Chemicals and Laboratory Reagents in India and abroad. Timely deliveries and high quality products at reasonable prices will be e main planks on which TIRUPATI intends to gain a rapid penetration in is field. TIRUPATI has made its presence by intense marketing efforts. TIRUPATI s brand GEMChem has been well accepted in various parts of India and e international market. To grow is business furer TIRUPATI shall set up stateofeart packaging lines and QC, QA and RnD laboratories to offer customized products wi a short turnaround time. DISCUSSION ON FINANCIAL AND OPERATIONAL PERFORMANCE Your Company s turnover for e current financial year, stands at Rs lakhs as against Rs lakhs for previous year. Furer your Company has posted a profit before tax of Rs lakhs is year as against Rs lakhs in e previous year. Given adequate funding, e Company is poised to achieve sales in excess of Rs. 200 crores in next two years. Company is increasing its capital base to make is possible. [22]

23 CORPORATE SOCIAL RESPONSIBILITY Your Company is developing responsible initiatives and efforts across all sectors, at its manufacturing unit and wi its people. Our aim is to serve e commitments where we operate. Our groupwide values and our policies, which build on international standards and directives are designed to guide, influence and govern our activities. We believe in giving and supporting e society and people. They are e main participants of e business. Hence we put in every effort to give back to e society OUTLOOK The outlook for e Company is extremely positive. The Company has grown as it can be ascertained from its results. The Brands and businesses of e Company are being well accepted due to eir competitive pricing and high quality offerings. We will strive to continue our grow momentum in is manner and also continuously improve our processes to give our customers excellent quality products at par wi international standards. CAUTIONARY STATEMENT Statement in e Management Discussion and Analysis describing e Company s objectives, projections, expectations and estimates regarding future performance may be forward looking statements and are based on currently available information. The Management believes ese to be true to e best of its knowledge at e time of preparation of is report. However, ese statements are subject to certain future events and uncertainties, which could cause actual results to differ materially from ose, which may be indicated in such statements. [23]

24 FORTY FIRST ANNUAL REPORT CORPORATE GOVERNANCE REPORT Your Company has complied in all respects wi e applicable Corporate Governance Code as per Clause 49 of e Listing Agreement wi e Stock Exchange. A report on e Corporate Governance is furnished below: (I) COMPANY S PHILOSOPHY ON CORPORATE GOVERNANCE Good Corporate Governance helps enhancement of longterm shareholder value and interest of oer stakeholders. This is achieved rough increased awareness for responsibility, transparency and professionalism and focus for effective control and management of e organization. The Board of Directors of e Company is committed to e consistent adherence to e corporate governance code and constant review of e Board processes, practices and e management systems to maintain a greater degree of responsibility and accountability. (II) MANDATORY REQUIREMENTS (1) BOARD OF DIRECTORS a) The Constitution of e Board and oer relevant details are given below: Tirupati Industries (India) Limited Board presently consists of 5 (Five) Directors out of which 3 (Three) are NonExecutive (including e Chairman who is NonExecutive) and 2 (Two) are Executive (including Managing Director). Name of Directors Mr. Ramesh Sanghvi (Chairman) Mr. Neil Karani (Managing Director) Mr. Ketan Karani*** Mr. Manchand Jhaveri Mr. Jyotiram Nale Mr. Hitesh Jhaveri Brief Profile No. of Committee Memberships* Science Graduate from Mumbai University and is engaged in consultancy on advanced chemistry. Bachelor of Management studies (BMS) from Mumbai University and MSc in International Business from Aston University, Birmingham U.K. He has successfully completed a programme in Management, Entrepreneurship and Global Leadership from London School of Economics & Political Science, London, U.K. Science Graduate from Mumbai University and has varied experience of 32 years. Businessman having a Trading Business since last 42 years. Graduate wi a rich experience of more an 27 years in factory administration & accounts. Commerce Graduate from Bombay University and has 29 years experience bo in manufacturing and trading and has a proficiency in Accounts, Finance and Taxation. No. of Board Meetings Attended Attenda nce at Last AGM Chairman Member Nil Nil 8 YES Nil Nil 8 YES Nil Nil 1 YES YES Nil 2 8 YES Nil 2 8 YES *** Resigned as Director w.e.f 9 July, * Includes Audit Committee and Stakeholders Relationship Committee only. * This excludes Directorships held in Private Limited, Overseas Companies. (b) Board Meetings During e year , total 8 (Eight) Board Meetings were held on 30/05/2013, 09/07/2013, 05/08/2013, 19/09/2013, 13/11/2013, 14/12/2013, 15/01/2014 and 14/02/2014. [24]

25 (c) Code of Conduct Tirupati Industries (India) Limited Code of Conduct laid down by e Board of Directors is applicable to all e Directors and Senior Management of e Company. All e Members and Senior Management of e Company have affirmed compliance st wi e Code of Conduct for e financial year ended 31 March, A declaration to is effect, duly signed by e Managing Director is annexed hereto. (2) COMMITTEES (a) Audit Committee The Audit Committee has been constituted pursuant to Section 292A of e Companies Act, 1956 and e guidelines set out in e Listing Agreement wi e Stock Exchange. The role and terms of reference of e Audit Committee covers e matters specified for Audit Committee under Clause 49 of Listing Agreement which, interalia include to supervise e Company s financial reporting process and e disclosure of its financial information to ensure at e Financial statements are correct, complete and credible, to appoint and fix e remuneration of internal auditors, to review e internal and external audit reports, e adequacy of internal control systems and to review e Company s financial and risk management policies. During e year , 4 (four) Audit Committee Meetings were held on 30/05/2013, 05/08/2013, 13/11/2013 and 14/02/2014. The Composition of Audit Committee and oer relevant details are given below: MEMBER NO. OF MEETINGS ATTENDED 4 Mr. Manchand Jhaveri Mr. Jyotiram Nale 4 Mr. Hitesh Jhaveri 4 (b) Stakeholders Relationship Committee (formerly known as Shareholder s Grievance Committee) The terms of Reference of e Committee interalia cover reviewing status of approval of transfer/transmission of shares, issue of duplicate certificates, review/redressal of Investor s Grievances. During e year , 4 (four) Shareholder s Grievance meetings were held on 30/05/2013, 05/08/2013, 13/11/2013 and 14/02/2014.The composition of Shareholder s Grievance Committee and oer relevant details are given below: MEMBER NO. OF MEETINGS ATTENDED 4 Mr. Manchand Jhaveri Mr. Jyotiram Nale 4 Mr. Hitesh Jhaveri 4 In accordance wi Section 178(5) of e Companies Act, 2013 and as per e requirements of SEBI Circular dated April 17, st 2014 for e amendment to e equity Listing Agreement (which is effective from 1 October, 2014), e Board of Directors of e Company at eir meeting held on 30 May, 2014 have approved e change in nomenclature of e Shareholder s Grievance Committee to Stakeholders Relationship Committee and enhanced eir role. Therefore e said Committee shall in addition to e previous role, also consider e grievances of debenture holders, deposit holders and oer security holders of e Company, if any. (c) Nomination & Remuneration Committee (formerly known as Remuneration Committee) The Company has constituted e nomination and remuneration committee. The Committees decide and review e Managerial Remuneration. The committee comprises of ree Independent Directors. They are Mr. Manchand Jhaveri, Mr. [25]

26 FORTY FIRST ANNUAL REPORT Hitesh Jhaveri and Mr. Ramesh Sanghvi. In accordance wi Section 178 of e Companies Act, 2013 and as per e requirements of SEBI Circular dated April 17, st 2014 for e amendment to e equity Listing Agreement (which is effective from 1 October, 2014), e Board of Directors of e Company at eir meeting held on 30 May, 2014 have approved e change in nomenclature of e Remuneration Committee to Nomination & Remuneration Committee and have revised eir role as under: The revised role of Nomination & Remuneration Committee, inter alia includes e following: i) Identifying persons who are qualified to become Directors and who may be appointed in Senior Management in accordance wi e criteria laid down, and recommend to e Board eir appointment and removal. ii) Formulation of criteria for evaluation of Independent Directors and e Board. iii) Formulation of e criteria for determining qualifications, positive attributes and Independence of a Director and recommend to e Board a policy relating to e remuneration of e Directors, key managerial personnel and oer employees. iv) Devising a policy on Board diversity. (d) Shareholder s Complaints During e year 10 (Ten) Complaints were received. All e Complaints were resolved to e complete satisfaction of e Shareholders. (3) SUBSIDIARY COMPANY During e year, Monopoly Innovations Limited was incorporated as a nonlisted Indian Subsidiary of e Company. Mr. Hitesh Jhaveri, Independent Director of e Company is on e Board of e Subsidiary Company. The Audit Committee reviews e financial statements of e Company s Nonlisted subsidiary. The minutes of e Subsidiary Company are placed before e Board of Directors of e Company and e Directors are informed of all e significant transactions and arrangements entered into by e Subsidiary Company. (4) DISCLOSURES (a) The Code of Conduct for e Directors and e Senior Management of e Company have been laid down by e Board. (b) The Company has been continuously complying wi e requirements of Stock Exchanges, SEBI and oer Statutory Auorities on all matters related to e capital markets. No penalties or strictures have been imposed on e Company by e said auorities relating to e above. (c) The details of e transaction wi related parties are given in e Notes to e accounts of Auditors Report. The transaction is in e ordinary course of e business at prevailing market price and is not in conflict wi e interest of e Company. (d) Director s periodically review and assess risks and takes measures to minimize e risks. (e) All mandatory Accounting Standards have been followed in preparation of financial statements and no deviation has been made in following e same. (5) REMUNERATION OF DIRECTORS The Remuneration payable to e Directors is considered and approved by e Nomination & Remuneration Committee constituted in accordance wi e Corporate Governance Code and provisions of e Companies Act, 1956, having due regard to e relevant factors. Nonexecutive Directors are paid Sitting fees for each of e meetings of e Board of st Committee(s) ereof attended by em. The details of Remuneration paid/payable to each Director for e year ended 31 March, 2014 is as under: NAME OF DIRECTOR Mr. Neil Karani DESIGNATION REMUNERATION (in Rs.) Managing Director 12,92,793/(Twelve Lakhs Ninety Two Thousand Seven Hundred Ninety Three) Mr. Jyotiram Nale Wholetime Director & CFO 5,45,115/(Five Lakhs Forty Five ousand One Hundred Fifteen) [26]

27 (6) GENERAL BODY MEETINGS Details of last ree Annual General Meetings are as under: MEETING 38 AGM 39 AGM 40 AGM DATE AND TIME OF AGM at PM at PM at 3.00 PM PLACE SPECIAL RESOLUTION PASSED Regd. Office Regd. Office Regd. Office Yes u/s 81(1)A, sec 293(1)(a) Yes u/s 81(1)A, sec 293(1)(a) Yes u/s 198, 149(2A) Details of Extraordinary General Meeting (EOGM) held Is as under: MEETING Extraordinary General Meeting DATE AND TIME OF EOGM 26 April, 2014 at AM PLACE Regd. Office SPECIAL RESOLUTION PASSED Yes u/s 81(1) A for furer issue of capital by allotment of convertible warrants on preferential basis. (7) MEANS OF COMMUNICATION The Board of Directors of e Company approves and takes on record e Unaudited/Audited Financial results in e prescribed proforma of e Stock Exchange on a quarterly/half yearly basis. The results are announced to all e Stock Exchanges where e shares of e Company are listed. The Quarterly results were published in following newspapers: Financial Results for e Quarter /Half Year ended Newspapers Free Press Journal & Nav Shakti Free Press Journal & Nav Shakti Free Press Journal & Nav Shakti Free Press Journal & Nav Shakti All data required to be filed pursuant to e Listing Agreement wi e Stock Exchanges, such as Quarterly/Half Yearly/Yearly Financial Statements, Shareholding Pattern, Report on Corporate Governance are being regularly filed wi e Stock Exchange (BSE). The same are also available on e Company s website i.e. under e link Investor Relations. (8) GENERAL SHAREHOLDERS INFORMATION st (a) The day, date, time and venue of e 41 Annual General Meeting DAY MONDAY DATE 29 September, 2014 TIME a.m. VENUE Regd. Office of e Company at: 4245, Emerald Ind. Estate, Dheku, Tal Khalapur, Dist. Raigad, Maharashtra , India. rd Dates of Book Closure (Bo Day Inclusive) Tuesday, 23 September, 2014 to Monday, 29 September, (b) Tentative Financial Calendar for e financial year : st FINANCIAL YEAR st 1 April to 31 March Adoption of Quarterly Results for e Quarter ending: June, 2014 September, 2014 December, 2014 March, 2015 August 2014 November 2014 February 2015 May, 2015 [27]

28 FORTY FIRST ANNUAL REPORT (c) Listing on Stock Exchange: STOCK EXCHANGE STOCK CODE Bombay Stock Exchange Limited (d) Liquidity of Shares: The shares of e Company are traded under T Category on e Bombay Stock Exchange. (e) Listing Fees and Annual Custodial Fee: The Company has paid e Annual Listing Fees of e Stock Exchange and Annual Custodial Fees of e Depositories for e year st (f) Dematerialization of Shares: As on 31 March, 2014, 81.71% of e Company s paidup equity share capital has been in Dematerialized form. Trading in Equity shares of e Company is permitted only in Dematerialized form as per notification issued by e Securities Exchange Board of India (SEBI). Accordingly Company has entered into an agreement wi NSDL and CDSL, which are providing e services of dematerialization of equity shares. (g) Outstanding Warrants or any Convertible Warrants, conversion date and eir likely impact on e equity: Warrants issued to public category and promoter & promoter group In accordance wi e approval of members in EOGM held on 26 April, 2014, e Company had issued and allotted 20,30,000 (Twenty Lakhs Thirty Thousand) warrants convertible into 20,30,000 (Twenty Lakhs Thirty Thousand) equity shares of Rs. 10/ (Rupees Ten) each at a conversion price of Rs. 11/ (Rupees Eleven) per share (including premium of Re. 1/ (Rupee One) each) per equity share on a preferential basis, convertible wiin a period of 18 mons from e date of allotment of warrants, aggregating to Rs. 2,23,30,000 (Rupees Two Crores Twenty Three Lakhs Thirty Thousand) to promoter and promoter group and public category. The said warrants were issued and allotted at a price as determined rough SEBI Guidelines formula. The last date for conversion of e said warrants is 11 November, Should e 20,30,000 (Twenty Lakhs Thirty Thousand) warrants be entirely converted into equity shares on or before e aforesaid conversion date, by e warrant holders, e paidup equity share capital of e Company will go up by 20,30,000 (Twenty Lakhs Thirty Thousand) shares. (h) Share Transfer Agents & Address for Correspondence: The Company has appointed M/s. Link Intime India Pvt. Ltd. as e Share Transfer Agents of e Company having details as under: M/s LINK INTIME INDIA PVT. LTD. C13, Panalal Silk Mills Compound, L.B.S. Marg, Bhandup (W), Mumbai400080, Maharashtra, India. Ph. No Fax Mumbai@linkintime.co.in Shareholders are requested to address eir correspondence relating to Share Transfer, Transmission, Demat, Remat, Change of Address, Change of Bank Mandate etc. to e above address only. (i) Compliance Officer: Ms. Milee Shah 42 to 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra410203, India In accordance wi e Clause 47(f) of e Listing Agreement, Company has opened a specific Investor Grievance Id: tiru.tiru@rediffmail.com (j) Chief Financial Officer: In accordance wi e provisions of e Companies Act, 2013 and Rules made ereunder, Mr. Jyotiram Nale has been st appointed as Chief Financial Officer of e Company wi effect from 1 April, [28]

29 (9) SHAREHOLDING PATTERN AS ON 31st MARCH, 2014 CATEGORY PromotersIndian Bodies Corporate Banks, Financial Institutions FII/NRI/OCB Public NO. OF SHARES % st Distribution of shareholding as on 31 March, NO. OF SHARES Above SHAREHOLDER NUMBER PERCENTAGE SHARES NUMBER PERCENTAGE (10) MARKET PRICE DATA MONTH Apr13 May13 Jun13 Jul13 Aug13 Sep13 Oct13 Nov13 Dec13 Jan14 Feb14 Mar14 Bombay Stock Exchange (BSE) HIGH (Rs) LOW (Rs) (11) REGISTERED OFFICE: 42 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, Dist. Raigad, Maharashtra , India (12) CEO CERTIFICATION As required under Clause 49 of e Listing Agreement, a Certificate duly signed by Managing Director was placed at e meeting of e Board of Directors held on 30 May, Dated: 30 May , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/neil Karani (Managing Director) [29]

30 FORTY FIRST ANNUAL REPORT MANAGING DIRECTORS CERTIFICATION All e Directors and e Senior Management Personnel have affirmed Compliance of e Code of Conduct laid down by e Board of Directors in terms of Clause 49 of e Listing Agreement made wi e Stock Exchange. Dated: 30 May , Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad, Maharashtra , India By Order of e Board of Directors Tirupati Industries (India) Limited sd/neil Karani (Managing Director) CERTIFICATE OF COMPLIANCE WITH CLAUSE 49 OF LISTING AGREEMENT To, The Members of Tirupati Industries (India) Limited We have examined e compliance of conditions of Corporate Governance by Tirupati Industries (India) Limited for e st financial year ended 31 March, 2014, as stipulated in e listing Agreement of e said Company wi Bombay Stock Exchange Limited. The compliance of conditions of Corporate Governance is e responsibility of e Management. Our examination was limited to e procedures and implementation ereof, adopted by e Company for ensuring e compliance of e conditions of Corporate Governance. It is neier an audit nor an expression of opinion on e financial statements of e Company. In our opinion and to e best of our information and according to e explanations given to us, we clarify at e Company has complied wi e conditions of Corporate Governance as stipulated in e abovementioned Listing Agreement. We state at investor grievances received during e year under review were duly attended to by e Company wiin e stipulated time. We furer state at such compliance is neier an assurance as to e future viability of e Company nor e efficiency or effectiveness wi which e Management has conducted e affairs of e Company. Sd/Ravindra Joshi (Practicing Company Secretary) FCS No CP No.88 Place: Mumbai Date: 30 May, 2014 [30]

31 R. P. TRIVEDI & ASSOCIATES 56, Balasinor Society, S.V.Road, Kandivli (W), Mumbai CHARTERED ACCOUNTANTS R. P. TRIVEDI B.COM. F.C.A INDEPENDENT AUDITOR'S REPORT To The Members of Tirupati Industries (India) Limited, Report on e Financial Statements: We have audited e accompanying financial statements of Tirupati Industries (India) Limited ("e Company"), which comprise e Balance Sheet as at March 31, 2014, and e Statement of profit and loss and Cash Flow Statement for e year e ended, and a summary of significant accounting policies and oer explanatory information, which we have signed under reference to is report. Management's Responsibility for e Financial Statements: The Company s Management is responsible for e preparation of ese financial statements at give a true and fair view of e financial position, financial performance and cash flows of e Company in accordance wi e Accounting Standards Notified under e Companies Act, 1956 ( e Act ) read wi e General Circular 15/2013 dated 13 September, 2013 of e Ministry of Corporate Affairs in respect of section 133 of e Companies Act, This responsibility includes e design, implementation and maintenance of internal control relevant to e preparation and presentation of e financial statements at give a true and fair view and are free from material misstatement, wheer due to fraud or error. Auditor's Responsibility: Our responsibility is to express an opinion on ese financial statements based on our audit. We conducted our audit in accordance wi e Standards on Auditing issued by e Institute of Chartered Accountants of India. Those Standards require at we comply wi eical requirements and plan and perform e audit to obtain reasonable assurance about wheer e financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about e amounts and disclosures in e financial statements. The procedures selected depend on e auditor's judgment, including e assessment of e risks of material misstatement of e financial statements, wheer due to fraud or error. In making ose risk assessments, e auditors considers internal control relevant to e Company's preparation and fair presentation of e financial statements in order to design audit procedures at are appropriate in e circumstances. An audit also includes evaluating e appropriateness of accounting policies used and e reasonableness of e accounting estimates made by management, as well as evaluating e overall presentation of e financial statements. We believe at e audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion: In our opinion and to e best of our information and according to e explanations given to us, e accompanying financial statements give e information required by e Act in e manner so required and give a true and fair view in conformity wi e accounting principles generally accepted in India: (a) in e case of e Balance Sheet, of e state of affairs of e Company as at March 31, 2014; (b) in e case of e Statement of Profit and Loss, of e Profit for e year ended on at date; and (c) in e case of e Cash Flow Statement, of e cash flows for e year ended on at date Report on Oer Legal and Regulatory Requirements 1. As required by e Companies (Auditor s Report) Order, 2003, as amended by e companies (Auditor s Report) (Amendment) Order, 2004, issued by e Central Government of India In terms of subsection (4A) of section 227 of e Act (hereinafter referred to as e Order ), and on e basis of such checks of e books and records of e company as we considered appropriate and according to e information and explanations given to us, we give in e Annexure a statement on e matters specified in Paragraphs 4 and 5 of e Order. 2. As required by Section 227(3) of e Act, we report at: [31]

32 FORTY FIRST ANNUAL REPORT a.) We have obtained all e information and explanations which, to e best of our knowledge and belief, were necessary for e purpose of our audit; b.) In our opinion proper books of account as required by law have been kept by e Company so far as appears from our examination of ose books; c.) The Balance Sheet, Statement of Profit and Loss and Cash Flow Statement dealt wi by is Report are in agreement wi e books of account; d.) In our opinion, e Balance Sheet, e Statement of Profit and Loss, and e Cash Flow Statement comply wi Accounting Standards notified under e Act read wi e General Circular 15/2013 dated 13 September, 2013 of e Ministry of Corporate Affairs in respect of Section 133 of e Companies Act, e.) On e basis of written representations received from e directors as on March 31, 2014, and taken on record by e Board of directors, none of e directors is disqualified as on March 31, 2014, from being appointed as director in terms of clause (g) of subsection (1) of section 274 of e Act. For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W Sd/R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 ANNEXURE TO INDEPENDENT AUDITOR'S REPORT (REFERRED TO REPORT OF EVEN DATE) 1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. (b) According to e information and explanations given to us, e fixed assets have been physically verified by e management during e year, which, in our opinion, is reasonable, having regard to e size of e Company and nature of e assets. According to e information and explanations given to us, no material discrepancies were noticed on such verification. (c) During e year, e company has not disposed off a substantial part of fixed assets. 2. (a) As explained to us, inventories have been physically verified by e management at regular intervals during e year. (b) In our opinion and according to e information and explanations given to us, e procedures of physical verification of inventories followed by e management are reasonable and adequate in relation to e size of e Company and e nature of its business. (c) In our opinion and as per e information and explanation provided to us, e Company has maintained proper records of inventories and ere were no material discrepancies noticed on physical verification of inventory as compared to e book records. 3. We are informed at Company has not granted or taken any loans, secured or unsecured, to Companies. Firms or oer parties listed in e register maintained under section 301 of e Companies Act, In our opinion and according to e information and explanations given to us, ere are adequate internal control systems commensurate wi e size of e Company and e nature of its business for e purchase of goods, fixed assets and also for e sale of goods and services. During e course of our audit, we have not observed any major weaknesses in such internal control systems considering e size of e Company and nature of its business. 5. As per e information and explanation given to us, e transactions which are required to be entered in e register maintained under section 301 of e Companies Act 1956 have been so entered. In our opinion and according to e information explanation given to us, e transactions made in pursuance of e contracts and exceeding during e year to Rs.5,00,000 or more in respect of such party have been made at prices which appear prima facie reasonable having regard to prevailing market prices at relevant times. 6. The Company has not accepted any deposits from e public in terms of provisions of Section 58A and 58AA and oer relevant provisions of e Companies Act, [32]

33 7. The Company does not have an Internal Audit System commensurate wi its size and nature of business. 8. We have broadly reviewed e books of accounts maintained by e Company pursuant to e Rules made by e Central Government for maintenance of cost records under section 209 ( I ) ( d ) of e Companies Act, 1956, and are of e opinion at prima facie, e prescribed accounts & records have been made & maintained. However, we have not made a detailed examination of e records. 9. (a) According to e information and explanations given to us, e Company is generally regular in depositing undisputed statutory dues payable in respect of Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income tax, Sales tax, Weal tax, Custom Duty, Excise Duty, Service Tax and any oer material statutory dues applicable to it wi e appropriate auorities. There are no undisputed statutory dues payable in respect of such statutory dues in arrears as on 31st March, 2014, for a period of more an six mons from e date ey became payable. (b) According to e information and explanations given to us, ere are no disputed statutory dues payable in respect of Income tax, weal Tax, Custom Duty, Excise Duty, Service Tax & Sales Tax. 10. The Company has not incurred cash losses during e current financial year or during e immediately preceding financial year. It has no accumulated losses as on 31st March, According to e information and explanations given to us, e company has not defaulted in repayment of dues to e Financial Institutions / Bank during e year. 12. In our opinion and according to e information & explanation given to us, no loans and advances have been granted by way of pledge of shares, debentures and oer securities. 13. In our opinion, e Company is not a chit fund or a nidhi/mutual benefit fund/society. Therefore, clause 4(xiii) of e Companies (Auditor's Report) Order 2003 is not applicable to e Company. 14. The company is not dealing or trading in shares, securities, debentures and oer securities. 15. According to information and explanations given to us, e company has not given any guarantee for loan taken by oers from banks and financial institutions. 16. According to e information and explanations given to us, e term loans have been applied for e purpose of which it was raised. 17. According to e information and explanations given to us, fund raised on shortterm basis has not been used for longterm investment by e Company. 18. During e year, e Company has not made any preferential allotment of shares to a party covered in e Register maintained under Section 301 of e Companies Act The Company has not issued any debentures, hence e requirements of clause ( xix ) of paragraph 4 of e Order is not applicable to e Company. 20. The Company has not raised any money by way of public issue during e year. 21. During e course of our examination of e books of accounts and records of e company, carried out in accordance wi e generally accepted auditing practices in India, and according to e information and explanation given to us, we have neier come across any instances of fraud on or by e Company, noticed or reported during e year, nor have we been informed of any such cases by e management. For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W Sd/R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 [33]

34 FORTY FIRST ANNUAL REPORT BALANCE SHEET AS AT 31st MARCH 2014 (STANDALONE) Note No. I. EQUITY AND LIABILITIES (1) Shareholders' Funds Share capital Reserves and surplus March 31, 2014 (Rupees) March 31, 2013 (Rupees) 1 2 (2) Share application money pending allotment (3) Noncurrent liabilities Longterm borrowings Deferred tax Liability (net) Longterm provisions 54,200,400 47,824, ,024,945 54,200,400 31,689,016 85,889, , ,428 1,333,321 1,878, , , ,736 2,491,709 (4) Current liabilities Short term Borrowings Trade payables Oer current liabilities Shortterm provisions ,378,867 46,485,040 2,073,843 3,819, ,757, ,660,474 3,200,755 62,124,895 1,572,512 2,445,313 69,343, ,724,600 11,853,895 47,190 11,901,085 15,204,000 2,542,603 17,746,602 12,184,738 1,312 7,684,680 19,870,730 20,929,000 6,012,604 26,941,604 31,319, ,650,408 7,192,241 1,195,128 18,655, ,012, ,660,474 71,197,596 26,048,399 6,226,161 1,434,420 6,005, ,912, ,724,600 II. ASSETS (1) Noncurrent Assets Fixed Assets (i) Tangible assets (ii) Intangible assets (iii) Intangible assets Brands Under Development Noncurrent investments Longterm loans and advances (2) Current Assets Inventories Trade receivables Cash and cash equivalents Shortterm loans and advances Oer Current Assets Significant Accounting Policies & Notes to e Accounts forming integral parts of Accounts 27 In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [34]

35 STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH 2014 (STANDALONE) Note No. I. Revenue from operations Less : Excise Duty 18 II. III. Oer income Total Revenue (I + II) 19 IV. Expenses: Cost of materials consumed Changes in inventories of finished goods, workinprogress Oer Manufacturing Expenses Employee Benefits Expense Finance Cost Depreciation and Amortization Expense Oer Expenses Total Expenses V. VI. VII. VIII. IX. Profit before exceptional items and tax Exceptional Item Profit from sale of NonCurrent Investments Profit Before Tax Tax Expenses: (1) Current Tax (2) Deferred Tax Expense / (Credit) (3) Less: Mat Credit Entitlement (4) Tax Adjustment for Earlier Year Profit/(Loss) for e year X. Earnings per equity share: (1) Basic (2) Diluted Significant Accounting Policies & Notes to e Accounts forming integral parts of Accounts Year ended March 31, 2014 Year ended March 31, 2013 Rupees Rupees 425,801,672 (1,502,048) 424,299, , ,687, ,348,145 (128,780) 283,219, , ,647, ,700,935 25,736,727 13,961,574 6,235,340 11,269,280 1,459,670 31,105, ,469, ,510,854 (3,700,971) 9,749,179 2,777,882 2,025,454 1,672,527 10,358, ,393,110 18,218,045 15,254,056 6,425,000 24,643,045 15,254,056 8,425,000 (249,729) 134,378 16,333,396 3,020,000 4,441,749 (5,271,877) 196,069 12,868, In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [35]

36 FORTY FIRST ANNUAL REPORT CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2014 (STANDALONE) Year ended March 31, 2014 (Rupees) A. Cash Flow from Operating Activities Profit before exceptional items and tax Adjustments for: Depreciation on fixed assets Brand Valuation Written off (incurred in earlier years) Finance Cost Deduct: Profit on sale of fixed assets Profit on sale of NonCurrent Investments Dividend Operating Profit before Working Capital changes Adjustments for : (Increase) / Decrease in inventories (Increase) / Decrease in trade receivables (Increase) / Decrease in loans and advances Increase/(Decrease) in liabilities Increase/(Decrease) in provisions CASH GENERATED FROM OPERATIONS Income tax Paid Net Cash inflow from/ (outflow) from Operating activities B. Cash Flow from Investing Activities Purchase of fixed assets / Brand under Development Investment in Wholly Owned Subsidiary Sale Proceeds from Sale of Investments Sale Proceeds from fixed assets Dividend received Net Cash inflow from/ (outflow) from Investing activities C. Cash Flow from Financing Activities Calls in Arrears received Proceeds from borrowings Post Shipment Credit (Net Flow) Repayment of borrowings Interest & oer borrowing costs paid Net Cash inflow from/ (outflow) from Financing activities Net increase / (decrease) in cash and cash equivalents Year ended March 31, 2013 (Rupees) 24,643,045 15,254,056 1,459,670 7,684,680 11,269,280 1,672,527 2,025,454 6,425,000 38,080 38,593,595 17, ,933,917 39,877,705 (118,602,008) (8,940,137) (15,138,523) 1,374,052 (62,835,317) (8,309,649) (71,144,966) (30,664,733) 48,293,244 (755,404) (22,280,716) 1,802,763 15,329,072 (3,216,069) 12,113,003 (1,372,571) (500,000) 12,650,000 38,080 10,815,509 (8,256,126) 590, (7,665,826) 49,896,758 24,045,357 (1,377,298) (11,269,280) 2,000 3,200,755 (793,110) (2,025,454) 61,295, , ,079 4,831,368 (Continued on next page) [36]

37 CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2014 (STANDALONE) (in Rupees) Add: Opening Cash and Cash Equivalents Cash in hand Cheques, drafts on hand Bank balances Closing Cash and Cash Equivalents Cash in hand Cheques, drafts on hand Bank balances Significant Accounting Policies and Note to e Accounts forming integral part of Accounts 310,291 99,000 5,816,869 6,226, , ,840 1,394, ,985 1,841,255 5,000,000 7,192, ,291 99,000 5,816,869 6,226, In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [37]

38 FORTY FIRST ANNUAL REPORT ACCOMPANYING NOTES TO FINANCIAL STATEMENTS FOR YEAR ENDED 31st MARCH SHARE CAPITAL: a. Details of auorized, issued and subscribed share capital STANDALONE STATEMENTS Auorized Capital 75,00,000 Equity Shares of Rs 10/ each Issued, Subscribed and Paid up 54,30,040 Equity Shares of Rs 10/ each Less: Calls In arrears (From oer an Directors) 75,000,000 75,000,000 54,300,400 (100,000) 54,300,400 (100,000) 54,200,400 54,200,400 b. Information on shareholders holding more an 5% shares March 31, 2014 Name of Shareholder Relationship No of Equity shares held Percentage March 31, 2013 No of Equity shares held Percentage Neil Karani Managing Director Ketan Karani Alka Karani Director (upto 09/07/13) Relative of Promoter c. Reconciliation of number of Shares Shares outstanding at e beginning of e year Shares Issued during e year Shares bought back during e year March 31, 2014 Number Rs. 5,430,040 54,300,400 March 31, 2013 Number Rs. 5,430,040 54,300,400 Shares outstanding at e end of e year 5,430,040 5,430,040 54,300,400 54,300, RESERVES AND SURPLUS a. Securities Premium Account b. Revaluation Reserve Opening Balance () Adjusted in Current Year Closing Balance c. Surplus Opening balance (+) Net Profit/(Net Loss) For e current year Closing Balance [38] 400, ,000 1,875, ,867 1,677,287 2,104, ,831 1,875,154 29,413,862 16,333,396 45,747,258 47,824,545 16,545,747 12,868,115 29,413,862 31,689,016

39 3. LONG TERM BORROWINGS STANDALONE STATEMENTS March 31, 2014 (Rs.) SECURED Vehicle loans From Bank (Secured By hypoecation of Tempo) Terms of Repayment: EMI over period of 34 Mons Plant and Machinery Loans From Oers (Secured By hypoecation of Equipments) Terms of Repayment: EMI over period of 48 Mons UNSECURED Deposits Inter Corporate From Oers Terms of Repayment: EMI over period of 36 Mons OF SECURED AND UNSECURED March 31, 2013 (Rs.) 345,445 81,665 81, , ,371 81, , , DEFERRED TAX LIABILITY (NET) The major components of deferred tax liability/asset as recognized in e financial statement is as follows: March 31, 2014 (Rs.) Deferred Tax Liability Excess of net block of fixed assets as per books of accounts over net block for tax purpose Deferred Tax Asset Provision for Employee benefits Carry forward business loss and unabsorbed depreciation Oer Provisions Net Deferred Tax Charge / (Credit) for e year March 31, 2013 (Rs.) 875, ,424 1,015,895 1,015, , , ,428 (249,729) 302, , ,157 4,441, LONG TERM PROVISIONS Provision for Employee Benefits: Gratuity Leave Encashment [39] 901, , , ,849 1,333, ,736

40 FORTY FIRST ANNUAL REPORT SHORT TERM BORROWINGS STANDALONE STATEMENTS SECURED (a) Loans repayable on demand From Bank 52,333,510 (Secured By hypoecation of stock & debtors, lien on fixed deposit, charge on immovable properties and plant & machineries at Dheku and personal guarantee of Mr. Neil Karani & Mr. Ketan Karani) Post Shipment Credit from Bank (Secured Against hypoecation of Book Debts) 3,200,755 24,045,357 76,378,867 3,200, TRADE PAYABLES Trade Payables * 46,485,040 62,124,895 46,485,040 62,124,895 * Under e Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to dues to Micro, Small and Medium enterprises. Based on e information available wi e Company, ere are no parties who have been identified as micro, small and medium enterprises based on e confirmations circulated and responses received by e management. 8. OTHER CURRENT LIABILITIES Current maturities of longterm debt Security deposits Oer Liabilities Statutory Dues Book Overdraft 918, , , ,689 2,073, , , , ,004 1,572, SHORT TERM PROVISIONS Oers: Provision for taxation 3,819,365 3,819,365 [40] 2,445,313 2,445,313

41 10. FIXED ASSETS (STANDALONE STATEMENT) Gross Block April 1, 2013 Additions / Adjustments during Year Deletions / Adjustments during Year Building (Factory) wi attached land 10,998,984 Plant, Machineries & Equipments 83,340,600 PARTICULARS Accumulated Depreciation Net Block Revaluations/ (Impairments) March 31, 2014 April 1, 2013 Depreciation charge for e year Adjustments On disposals March 31, 2014 March 31, 2014 March 31, ,998,984 4,688, ,017 5,319,839 5,679,145 6,310,162 1,205,604 84,546,204 78,879, ,111 79,566,132 4,980,072 4,461,579 Tangible Assets Furniture & Fixtures 488,598 37, , ,818 9, ,286 64,512 36,780 1,636,134 1,636, , , , ,576 1,112,637 Office Equipment 330,557 30, , ,392 12, ,896 82,328 64,165 Computers 871,699 45, , ,439 21, , , ,260 Dies 66,175 66,175 66, , Total 97,732,747 1,318,571 99,051,318 85,548,008 1,649,415 87,197,423 11,853,895 12,184,739 Previous Year 98,085, , ,500 97,732,746 83,998,407 1,901, ,319 85,548,008 12,184,738 14,087,393 8,665 8,665 7, , ,312 54,000 54,000 7,794 7,794 46,206 Total 8,665 54,000 62,665 7,353 8,122 15,475 47,190 1,312 Previous Year 8,665 8,665 6, ,353 1,312 1,750 Vehicles Intangible Assets Copyrights, Patents and oer intellectual property rights, services and operating rights Software Intangible Assets WIP Brand Development (Refer Note) 7,684,680 Total 7,684,680 Previous Year Note: Depreciation for e year Less: Adjustment from Revaluation Reserve Depreciation carried to Income Statement Current Year (Rs.) 1,657, ,867 1,459,670 Previous Year (Rs.) 1,902, ,831 1,672,527

42 FORTY FIRST ANNUAL REPORT NON CURRENT INVESTMENTS STANDALONE STATEMENTS March 31, 2014 (Rs.) A. Trade Investments (Unquoted) Investment in Equity instruments (Associate for part of e March 31, 2013 (Rs.) Year) Current Year NIL (Previous Year 25,000) Equity Shares at Rs. 39/ Each of Nova Oleochem Ltd 14,70,000 (Previous Year 19,95,000) Equity Shares of Rs.10/ each fully paid up in M/s Nova Oleochem Limited Investment in Equity Instruments Wholly Owned Subsidiary 50,000 Equity Shares at Rs. 10/ each fully paid up of Monopoly Innovations Ltd B. Oer Investments Investment in Equity Instruments 100 (Previous Year 100) Equity Shares of Rs.10/ each in Dena Bank Limited 100 (Previous Year 100) Equity Shares of Rs.10/ each in Kapol CoOp Bank Ltd (Unquoted) 14,700, ,000 19,950, ,000 15,200,000 20,925,000 3,000 3,000 1,000 4,000 15,204,000 1,000 4,000 20,929,000 A) Aggregate amount of quoted investments (Market value Rs. 6,055/(Previous Year Rs. 8,940/) B) Aggregate amount of unquoted investments 3,000 3,000 15,201,000 20,926, LONG TERM LOANS AND ADVANCES Unsecured, considered good Security Deposits MAT Credit Entitlement 744,306 1,798,297 2,542, ,726 5,271,877 6,012, INVENTORIES (Valued at cost or net realizable value) a. Raw Materials b. Consumables c. Finished goods d. Packing Material 10,565, ,794 18,928,613 1,510,359 31,319,891 [42] 27,056,471 1,241,246 41,267,259 1,632,620 71,197,596

43 14. TRADE RECEIVABLES STANDALONE STATEMENTS March 31, 2014 (Rs.) Trade receivables outstanding for a period less an six mons Unsecured, considered good March 31, 2013 (Rs.) 57,061,767 57,061,767 25,604,769 25,604,769 87,588, ,306 (171,306) 87,588, ,650,408 1,076, ,066 (633,066) 443,630 26,048,398 Trade receivables outstanding for a period exceeding six mons Unsecured, considered good Doubtful Less: Provision for doubtful debts 15. CASH AND CASH EQUIVALENTS a. Cash on hand b. Cheques, drafts on hand c. Balances wi banks in current Account In Current Account In Deposit Account (Wi Maturity of less an 12 mons) 350,985 1,841, ,291 99,000 5,000, ,869 5,000,000 7,192,240 6,226, SHORT TERM LOANS AND ADVANCES a. Loans and advances Unsecured, considered good Advances Recoverable in cash or kind Service Tax CENVAT Account and PLA Advance Income Tax Vat refund receivable Advance to Subsidiary (Monopoly Innovations Ltd) 890, ,145 76,510 70,282 1,195, ,318 76, ,592 1,434, OTHER CURRENT ASSETS Security Deposit wi MSEB pursuant to Court Case Interest Accrued but not due Oer Receivables (Refer Note 1) [43] 6,000,000 5,120 12,650,000 18,655,120 6,000,000 5,690 6,005,690

44 FORTY FIRST ANNUAL REPORT REVENUE FROM OPERATIONS STANDALONE STATEMENTS Year Ended Sale of Products (Gross) Manufactured Goods Vegetable Oils, Chemicals derived from oils & Allied Products Organic & Inorganic fine Chemicals Oers Less: Excise Duty Sale of Services Processing Charges Storage & Warehousing License Fees Year Ended 411,475,437 13,058, ,170,906 1,082, ,533,575 (1,502,048) 423,031, , ,449,222 (128,780) 281,320, , , , ,299,624 1,242, , , ,219, OTHER INCOME Year Ended Year Ended Interest Income Dividend Income Net gain on sale of Fixed Assets Miscellaneous Receipts 346,150 38,080 3,374 5, , , , , COST OF MATERIAL CONSUMED Year Ended Vegetable Oils, Chemicals derived from oils & Allied Products Oer Chemicals Oers 302,235,818 9,954,359 4,510, ,700,935 Year Ended 231,838, ,963 12,952, ,510, CHANGES IN INVENTORY OF FINISHED GOODS, WORK IN PROGRESS Year Ended Opening Inventory Finished Goods Closing Inventory Finished Goods [44] Year Ended 41,267,259 41,267,259 37,566,288 37,566,288 15,530,532 15,530,532 25,736,727 41,267,259 41,267,259 (3,700,971)

45 22. OTHER MANUFACTURING EXPENSES STANDALONE STATEMENTS Power and Fuel Repairs to building Repairs to machinery Oer Manufacturing Expenses Equipment Hiring Charges Packing Materials Consumed Year Ended 3,046, , ,103 1,883,058 1,466,934 7,164,477 13,961,574 Year Ended 3,150,265 72, , , ,000 5,441,794 9,749,179 Year Ended 5,721, , , ,449 6,235,340 Year Ended 2,370, , ,711 96,645 2,777,882 Year Ended 5,133,751 4,614,351 1,521,178 11,269,280 Year Ended 327,816 3,383 1,694,255 2,025,454 Year Ended Year Ended 23. EMPLOYEE BENEFIT EXPENSES Salaries and incentives Contributions to Provident Fund Gratuity & Oer retirement benefits (Unfunded) Staff Welfare Expenses Total 24. FINANCE COSTS Interest on Loans Oer Interest Forex Loss Oer Borrowing Cost 25. OTHER EXPENSES Insurance Charges Rates and Taxes Auditor's Remuneration (Including Service Tax): For Statutory Audit For Tax Audit Traveling & Conveyance Expenses Nonfulfillment of Contract Expenses AGM/EGM Expenses Legal and Professional Expenses Director's Sitting Fees Temporary Personnel Expenses Selling & Distribution Expenses Communication Expenses Miscellaneous Expenses Provision For Doubtful Debts Office Rent Brand Development Expenses [45] 515, , , , ,540 56,180 1,218,178 6,786, ,646 3,660,795 37,500 2,582,138 3,095, ,717 1,048,296 1,213,488 9,611,107 31,105, ,000 50, , ,943 1,076,210 34,500 4,193,714 2,194, , , ,306 90,001 10,358,185

46 FORTY FIRST ANNUAL REPORT EARNINGS PER EQUITY SHARES STANDALONE STATEMENTS Year Ended March 31, 2014 Basic Earnings per Share Profit/(Loss) attributable to Equity shareholders (in Rupees) Weighted average number of equity shares Basic Earnings Per Share in Rupees Face value per Share in Rupees 16,333,396 5,430, Year Ended March 31, ,868,115 5,430, NOTE: The Company does not have any dilutive potential equity shares for e year Consequently e basic and diluted earning per share of e Company remain e same NOTE: 27 NOTES FORMING PART OF THE STATEMENT OF ACCOUNTS AS AT 31ST MARCH, 2014 (STANDALONE) PART A: SIGNIFICANT ACCOUNTING POLICIES a) Basis of Accounting The Financial Statements have been prepared on historical cost convention on accrual basis and in accordance wi e applicable accounting standards notified under e Companies (Accounting Standard) Rules, 2006 and e relevant provisions of e Companies Act, Accounting policies not specifically referred to oerwise, are consistent and in consonance wi e generally accepted accounting principles. b) Use of estimates The preparation of financial statements in conformity wi Generally Accepted Accounting Principles requires estimates and assumptions to be made at affect e reported amounts of assets and liabilities and disclosure of contingent liabilities on e financial statements and e reported amounts of revenues and expenses during e reporting period. Difference between actual results and estimates are recognized in e periods in which e results are known/ materialize. c) Recognition of Income & Expenditure The company follows e accrual basis of accounting except in e following cases where e same are recorded on ascertainment of rights and obligation. i) Grants and Subsidy Received ii) Insurance Claim iii) Exgratia Sales and Purchases are recognized when complete and titles in goods is passed and are exclusive of MVAT collected, freight, discounts, rebates and returns. d) 1. Fixed Assets: Fixed Assets are carried at cost of acquisition and amounts adjusted on Revaluation less accumulated Depreciation. 2. Intangible Assets Brand Development expenditure: Expenditure on development of internally st generated Brands had been carried under e head Intangible Asset under Development till 31 March 2013, has been written off in current year to bring it in consonance wi Accounting Standard 26. Depreciation (i) Depreciation on Fixed Assets has been provided on Written Down Value at e rates and in e manner specified in Schedule XIV of e Companies Act, [46]

47 (ii) Depreciation on revalued assets includes an additional charge on account of revaluation. The additional depreciation is transferred to e Profit and Loss Account from Revaluation Reserve. e) Borrowing Costs Borrowing costs are recognized as an expense in e period in which ey are incurred except e borrowing cost attributable to be acquisitions / constructions of qualifying assets which are capitalized as a part of e cost of e fixed assets, up to e date, e assets are ready for its intended use. f) Inventories Inventory of Finished goods and Raw Materials, are valued at lower of cost or net realizable value. The full amount of purchase of consumables, stores and spare parts is debited in e accounts as and when purchased and treated as consumed in e same year. g) Investments Investments ose are intended to be held for more an a year from e date of acquisition are classified as long term investment and are carried at cost less any provision for permanent diminution in value. Investments oer an longterm investments being current investments are valued at cost or fair value whichever is lower. h) Retirement Benefit Company s contribution to Provident Fund for e year is charged to Profit and Loss Account. The liability for gratuity and leave encashment in respect of permanent employees has been provided in books on e basis of estimated liabilities as on e date of e Balance Sheet. i) Contingent Liabilities The Company recognizes a provision when ere is a present obligation as a result of a past event at probably requires an outflow of resources and a reliable estimate can be made of e amount of e obligation. A disclosure for a contingent liability is made when ere is a possible obligation or a present obligation at may, but probably will not, requires an outflow of resources. Where ere is a possible obligation or a present obligation at e likelihood of outflow of resources is remote, no provision or disclosure is made. j) Accounting for Taxes on Income Current Taxes Provision for current income tax is recognized in accordance wi e provisions of Indian Income tax Act, 1961 and is made annually based on e tax liability after taking credit for tax allowances and exemptions. Deferred Taxes Deferred tax assets resulting from timing difference between taxable and accounting income is accounted for using e tax rates and laws at are enacted or substantively enacted as on e balance sheet date. Deferred tax asset is recognized and carried forward only to e extent at ere is a virtual certainty at e asset will be realized in future. MAT Credit Entitlement Minimum Alternative Tax (MAT) paid in accordance to e tax laws, which give rise to future economic benefits in e form of adjustment in future income tax liability, is considered as an asset if ere is convincing evidences at e group will pay normal income tax after e tax holiday period. Accordingly, MAT is recognize as an asset in e balance sheet when it is probable at e future economic benefits associated wi it will flow to e company and e asset can be measured reliably. k) Impairment of Assets Impairment of assets is ascertained at each Balance Sheet Date in respect of Company s Fixed Assets. An impairment loss is recognized whenever e carrying amount of an asset exceeds recoverable amount. l) Foreign Currency Transactions Transactions of Foreign Currency are recorded at e exchange rate prevailing at e date of transaction. [47]

48 FORTY FIRST ANNUAL REPORT Monetary Assets / Liabilities outstanding at e close of financial year are stated at e exchange rate at e close of e year and e gain / loss is accounted in e Profit & Loss Account. m) Earnings Per Share The basic Earning Per Share (EPS) is computed by dividing e net profit after tax for ey are attributable to equity shareholders by e weighted average number of equity shares outstanding during e year. The company does not have dilutive potential equity shares. PART B: NOTE ON ACCOUNTS 1. CONTINGENT LIABILITIES NOT PROVIDED FOR: a) MSEB CLAIM NOT ACKNOWLEDGED BY THE COMPANY: As per letter dated issued by MSEB after mutual discussions, e Company had to receive an amount of Rs 4, from MSEB. Whereas as per letter dated , MSEB has demanded at e Company pays an amount of Rs 10,37,605.75/ to MSEB. The Company has asked MSEB to arrive at e correct amount after mutual discussions and as required under e Maharashtra State Government s order dated Hon ble AAIFR vide on order dated has directed MSEB to implement e order of e State Government dated & grant e necessary relief to e Company wiin ree weeks from e date of e said order. MSEB approached e Bombay High Court against e order of AAIFR and claimed an amount of Rs.68,80,389/ (Previous Year Rs.68,80,389/) from e company including interest and penalty upto e date of filing its petition. The Honorable High Court on 4 June, 2008, directed at an amount of Rs 60 Lakhs be placed wi MSEB pending e final disposal of e matter. Against is MSEB was required to give a Bank Guarantee to e High Court. In a Petition filed by e co, e Hon ble Supreme Court directed e High Court to expedite e hearing. Company has approached e Hon ble High Court for expeditious hearing. In e opinion of e Management, e Company is eligible for various reliefs & concessions as per e package of MSEB. b) Penalty of Rs.10 Lakhs (Previous Year Rs.10 Lakhs) levied under FERA (Refer Note 4) 2. SHOW CAUSE NOTICE ISSUED BY REGISTRAR OF COMPANIES, MAHARASHTRA UNDER SECTION 13 OF THE COMPANIES ACT, 1956 TO THE COMPANY FOR CARRYING ON ULTRA VIRES ACTIVITIES: The Company had received a show cause notice from Registrar of Companies, Maharashtra for violation of Sec.13 of e Companies Act, 1956 in e period prior to March The en Managing Director of e Company Mr. Ramniklal She and two oer ExDirectors Mr. B. F. Jhaveri and Mr. C. A. Mehta were carrying on e business in Diamond in e name of e Company. The Ministry of Corporate Affairs has concluded at e activities of carrying on such business are ultravires and such opinion is formed after investigation of e records and documents of e Company, under Section 209 A of e Companies Act, PENALTY OF RS. 10 LAKH IMPOSED BY SPECIAL DIRECTOR OF ENFORCEMENT UNDER FOREIGN EXCHANGE REGULATION ACT, 1973: Office of e Special Director of Enforcement (Foreign Exchange Regulation Act) issued show cause notice to e Company and two erstwhile Directors i.e. Mr. R. A. She and Mr. C. A. Mehta for violation of Section 18(2) and 18(3) read wi sections 68(1) & (2) of e FERA Act This violation is for nonrealization of e export proceeds. During Feb.1989 to Feb.1990 when erstwhile Directors Mr. R. A. She and Mr. C. A. Mehta were in charge of e affairs of e Company. The Enforcement Directorate has imposed penalties of Rs.40 Lakhs each on e said two responsible exdirectors, as ey have been found personally responsible for e violation of FERA. In e opinion of e Director of Enforcement e Company, being a juridical person, is also to be charged alough only e above named two exdirectors were personally involved in e violation and ere is every possibility at moneys were directly realized by bo of em. The penalty of Rs. 10 lakhs imposed on e Company is contested and matter is pending. No provision is made in accounts as in e opinion of e Directors, e Company is not required to pay penalty. 4. In e opinion of e Board, all of e assets oer an fixed assets and noncurrent investments, have a value on realization in e ordinary course of business at least equal to e amount at which ey are stated. The provisions of all known and determined liabilities are adequate and not in excess of e amount reasonably necessary. [48]

49 5. During e year company has written off total expenditure on development of internally generated brands amounting to Rs. 96,11,107/ (including amount of Rs. 76,84,680/ as carried under e head Intangible Asset under Development till previous year) has been charged to Profit & Loss Account in current year to bring it in consonance wi Accounting Standard Consumption of Raw Materials Year Ended March 31, 2014 Year Ended March 31, 2013 Rupees Percentage Rupees Percentage Imported Indigenous 31,67,00, % 24,55,10, % 31,67,00, % 24,55,10, % 7. C.I.F. Value of Imports, Expenditure and Earnings in Foreign Exchange (Rs.) (Rs.) C.I.F. Value to Import Goods Nil Nil Value of Imported Capital Goods Nil Nil 3,10,672 25,23,048 12,97,01, ,17,479 Nil Nil PARTICULARS Expenditure in Foreign currency FOB Value of Exports Oer Income 8. The company was mainly engaged in e business of manufacturers, processing and trading in vegetable oils and chemicals derived ereof, chemicals and allied products in e year. Therefore, all e operations of e company are considered as single segment for e purpose of As 17 on Segment Reporting issued by e Institute of Chartered Accountants of India. 9. In pursuance of AS 28 on impairment of assets issued by e Institute of Chartered Accountants of India, e company has undertaken summary overview of e assets held by it and is of e view at no asset requires provision for impairment. 10. Related Party Transactions as per accounting Standard 18: A) Name of e Related Parties and Description Name of e Party Mr. Jyotiram Nale Mr. Neil Karani Nova Oleochem Limited Monopoly Innovations Limited Relationship Key Management Personnel Key Management Personnel Associate Concern (till ) Wholly Owned Subsidiary (from ) [49]

50 FORTY FIRST ANNUAL REPORT B) Transaction Wi related Parties Current Year (Rs.) a) Key Management Personnel Remuneration & Benefits To Mr. Jyotiram Nale Remuneration & Benefits to Mr. Neil Karani b) Associate Concern (Net of tax) Rent Storage & Warehousing Charges Processing Charges Closing Balances : Business Closing Balances : Deposit Balance wi Monopoly Innovations Ltd. Closing Balance : Business Previous Year (Rs.) 5,45,115 12,92,793 5,13,677 11,51,300 2,50,224 1,60,800 4,37,073 NIL 1,00,000 CR 2,50,224 1,60,800 12,42,899 10,51,290 DR 1,00,000 CR 70,282 DR NiL 11. Disclosure pursuant to Accounting Standard 15 Employee Benefits i. Contribution to Provident Fund The Companies contribution to Statutory Provident Fund is charged to e Statement of Profit and Loss under e head Contribution to Provident Fund is Rs. 2,48,873 / (P.Y. Rs. 2,03,712/). ii. Gratuity / Leave Salary The Company has few employees hence e actuarial valuation is not viable. The gratuity and leave encashment liability are charged to Profit & Loss Account rough accruing liabilities based on e assumption at such benefits are payable to e employees at e end of e accounting year. The Company during e year provided Rs. 3,53,585/ (PY: Rs. 2,03,711/) towards gratuity and leave salary. 12. The previous year s figures have been regrouped/reclassified to confirm to is year s classification. In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [50]

51 R. P. TRIVEDI & ASSOCIATES 56, Balasinor Society, S. V. Road, Kandivli (W), Mumbai CHARTERED ACCOUNTANTS R. P. TRIVEDI B.COM. F.C.A INDEPENDENT AUDITOR'S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS To, The Members of Tirupati Industries (India) Limited, Report on e Consolidated Financial Statements We have audited e accompanying consolidated financial statements of Tirupati Industries (India) Limited ("e Company"), its subsidiaries and jointly controlled entities (collectively referred as e Group ) which comprise e consolidated Balance Sheet as at March 31, 2014, and e Consolidated Statement of profit and loss and Consolidated Cash Flow Statement for e year e ended, and a summary of significant accounting policies and oer explanatory information, which we have signed under reference to is report. Management's Responsibility for e Consolidated Financial Statements Management is responsible for e preparation of ese consolidated financial statements at give a true and fair view of e consolidated financial position, consolidated financial performance and consolidated cash flows of e group in accordance wi e Accounting Standards Notified under e Companies Act, 1956 ( e Act ) read wi e General Circular 15/2013 dated 13 September, 2013 of e Ministry of Corporate Affairs in respect of section 133 of e Companies Act, This responsibility includes e design, implementation and maintenance of internal control relevant to e preparation and presentation of e financial statements at give a true and fair view and are free from material misstatement, wheer due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on ese consolidated financial statements based on our audit. We conducted our audit in accordance wi e Standards on Auditing issued by e Institute of Chartered Accountants of India. Those Standards require at we comply wi eical requirements and plan and perform e audit to obtain reasonable assurance about wheer e financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about e amounts and disclosures in e consolidated financial statements. The procedures selected depend on e auditor's judgment, including e assessment of e risks of material misstatement of e consolidated financial statements, wheer due to fraud or error. In making ose risk assessments, e auditors considers internal control relevant to e group's preparation and fair presentation of e consolidated financial statements in order to design audit procedures at are appropriate in e circumstances. An audit also includes evaluating e appropriateness of accounting policies used and e reasonableness of e accounting estimates made by management, as well as evaluating e overall presentation of e consolidated financial statements. We believe at e audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion and to e best of our information and according to e explanations given to us, e accompanying financial statements give e information required by e Act in e manner so required and give a true and fair view in conformity wi e accounting principles generally accepted in India: (a) in e case of e Consolidated Balance Sheet, of e state of affairs of e Group as at March 31, 2014; (b) in e case of e Consolidated Statement of Profit and Loss, of e Profit of e group for e year ended on at date; and (c) in e case of e Consolidated Cash Flow Statement, of e cash flows of e group for e year ended on at date. For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W Sd/R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 [51]

52 FORTY FIRST ANNUAL REPORT CONSOLIDATED BALANCE SHEET AS AT 31st MARCH 2014 Note No. I. EQUITY AND LIABILITIES (1) Shareholders' Funds Share capital Reserves and surplus March 31, 2014 (Rs.) March 31, 2013 (Rs.) 1 2 (2) Share application money pending allotment (3) Noncurrent liabilities Longterm borrowings Deferred tax Liability (net) Longterm provisions 54,200,400 47,771, ,971,573 54,200,400 31,689,016 85,889, , ,428 1,333,321 1,878, , , ,736 2,491,709 (4) Current liabilities Short term Borrowings Trade payables Oer current liabilities Shortterm provisions ,378,867 46,513,130 2,073,843 3,819, ,785, ,635,192 3,200,755 62,124,895 1,572,512 2,445,313 69,343, ,724,600 11,853,895 47,190 11,901,085 14,704,000 2,542,603 17,246,602 12,184,738 1,312 7,684,680 19,870,730 20,929,000 6,012,604 26,941,604 31,319, ,650,408 7,712,241 1,149,846 18,655, ,487, ,635,192 71,197,596 26,048,399 6,226,161 1,434,420 6,005, ,912, ,724,600 II. ASSETS (1) Noncurrent Assets Fixed Assets (i) Tangible assets (ii) Intangible assets (iii) Intangible assets Brands Under Development Noncurrent investments Longterm loans and advances (2) Current Assets Inventories Trade receivables Cash and cash equivalents Shortterm loans and advances Oer Current Assets Significant Accounting Policies & Notes to e Accounts forming integral parts of Accounts In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [52]

53 CONSOLIDATED STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31st MARCH 2014 I. Note No. Revenue from operations Less : Excise Duty 18 II. III. IV. Oer income Total Revenue (I + II) Expenses: Cost of materials consumed Changes in inventories of finished goods, workinprogress Oer Manufacturing Expenses Employee Benefits Expense Finance Cost Depreciation and Amortization Expense Oer Expenses Total Expenses V. Profit before exceptional items and tax VI. Exceptional Item Profit from sale of NonCurrent Investments VII. Profit Before Tax VIII. Tax Expenses: (1) Current Tax (2) Deferred Tax Expense / (Credit) (3) Less : Mat Credit Entitlement (4) Tax Adjustment for Earlier Year IX. Profit/(Loss) for e year X. Earnings per equity share: (1) Basic (2) Diluted Significant Accounting Policies & Notes to e Accounts forming integral parts of Accounts In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, Year ended Year ended March 31, 2014 (Rs.) March 31, 2013 (Rs.) 425,801,672 (1,502,048) 424,299, , ,687, ,348,145 (128,780) 283,219, , ,647, ,700,935 25,736,727 13,961,574 6,235,340 11,269,280 1,459,670 31,159, ,522,554 18,164, ,510,854 (3,700,971) 9,749,179 2,777,882 2,025,454 1,672,527 10,358, ,393,110 15,254,056 6,425,000 24,589,674 15,254,056 8,425,000 (249,729) 134,378 16,280,024 3,020,000 4,441,749 (5,271,877) 196,069 12,868, For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [53]

54 FORTY FIRST ANNUAL REPORT CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2014 st Year ended 31 March 2014 (Rs.) A. Cash Flow from Operating Activities Net Profit before taxation Adjustments for: Depreciation on fixed assets Brand Valuation Written off (incurred in earlier years) Interest expense Deduct: Profit on sale of fixed assets Profit on sale of Investments Dividend Operating Profit before Working Capital changes st Year ended 31 March 2013 (Rs.) 24,589,674 15,254,056 1,459,670 7,684,680 11,269,280 1,672,527 6,425,000 38,080 38,540,223 17, ,933,917 39,877,705 (118,602,008) (8,894,855) (15,110,433) 1,374,052 (62,815,317) (8,309,649) (30,664,733) 48,293,244 (755,404) (22,280,716) 1,802,763 15,329,072 (3,216,069) Net Cash inflow from/ (outflow) from Operating activities (71,124,966) 12,113,003 B. Cash Flow from Investing Activities Purchase of fixed assets / Brand under Development Sale Proceeds from Sale of Investments Sale Proceeds from fixed assets Dividend received Net Cash inflow from/ (outflow) from Investing activities (1,372,571) 12,650,000 38,080 11,315,509 (8,256,126) 590, (7,665,826) 49,896,758 24,045,357 (1,377,298) (11,269,280) 2,000 3,200,755 (793,110) (2,025,454) 61,295,537 1,486, ,191 4,831,368 Adjustments for: (Increase) / Decrease in inventories (Increase) / Decrease in trade receivables (Increase) / Decrease in loans and advances Increase/(Decrease) in liabilities Increase/(Decrease) in provisions CASH GENERATED FROM OPERATIONS Income tax Paid C. Cash Flow from Financing Activities Calls in Arrears received Proceeds from borrowings Post Shipment Credit (Net Flow) Repayment of borrowings Interest & oer borrowing costs paid Net Cash inflow from/ (outflow) from Financing activities Net increase / (decrease) in cash and cash equivalents 2,025,454 (Continued on Next Page) [54]

55 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2014 Add : Opening Cash and Cash Equivalents Cash in hand Cheques, drafts on hand Bank balances Closing Cash and Cash Equivalents Cash in hand Cheques, drafts on hand Bank balances Significant Accounting Policies & Notes to e Accounts forming integral parts of Accounts In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, ,291 99,000 5,816,869 6,226, , ,840 1,394, ,985 2,341,255 5,020,000 7,712, ,291 99,000 5,816,869 6,226, For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [55]

56 FORTY FIRST ANNUAL REPORT ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st MARCH SHARE CAPITAL a. Details of auorized, issued and subscribed share capital Auorized Capital 75,00,000 Equity Shares of Rs 10/ each Issued, Subscribed and Paid up 54,30,040 Equity Shares of Rs 10/ each Less : Calls In arrears (From oer an Directors) 75,000,000 75,000,000 54,300,400 (100,000) 54,300,400 (100,000) 54,200,400 54,200,400 b. Information on shareholders holding more an 5% shares March 31, 2014 Name of Shareholder Relationship Neil Karani Ketan Karani Alka Karani Managing Director Director (upto 09/07/13) Relative of Promoter No of Equity shares held Percentage March 31, 2013 No of Equity shares held Percentage c. Reconciliation of number of Shares March 31, 2014 Number Rs. 5,430,040 54,300,400 5,430,040 54,300,400 Shares outstanding at e beginning of e year Shares Issued during e year Shares bought back during e year Shares outstanding at e end of e year March 31, 2013 Number Rs. 5,430,040 54,300,400 5,430,040 54,300, RESERVES AND SURPLUS a. Securities Premium Account b. Revaluation Reserve Opening Balance () Adjusted in Current Year Closing Balance c. Surplus Opening balance (+) Net Profit/(Net Loss) For e current year Closing Balance [56] 400, ,000 1,875, ,867 1,677,287 2,104, ,831 1,875,154 29,413,862 16,280,024 45,693,886 47,771,173 16,545,747 12,868,115 29,413,862 31,689,016

57 3. LONG TERM BORROWINGS CONSOLIDATED STATEMENTS March 31, 2014 (Rs.) SECURED Vehicle loans From Bank (Secured By hypoecation of Tempo) Terms of Repayment: EMI over period of 34 Mons Plant and Machinery Loans From Oers (Secured By hypoecation of Equipments) Terms of Repayment: EMI over period of 48 Mons UNSECURED Deposits Inter Corporate From Oers Terms of Repayment: EMI over period of 36 Mons OF SECURED AND UNSECURED March 31, 2013 (Rs.) 345,445 81,665 81, , ,371 81, , , DEFERRED TAX LIABILITY (NET) The major components of deferred tax liability/asset as recognized in e financial statement is as follows: March 31, 2014 (Rs.) Deferred Tax Liability Excess of net block of fixed assets as per books of accounts over net block for tax purpose Deferred Tax Asset Provision for Employee benefits Carry forward business loss and unabsorbed depreciation Oer Provisions Net Deferred Tax Charge / (Credit) for e year March 31, 2013 (Rs.) 875, ,424 1,015,895 1,015, , , ,428 (249,729) 302, , ,157 4,441, LONG TERM PROVISIONS Provision for Employee Benefits: Gratuity Leave Encashment [57] 901, , , ,849 1,333, ,736

58 FORTY FIRST ANNUAL REPORT SHORT TERM BORROWINGS CONSOLIDATED STATEMENTS SECURED (a) Loans repayable on demand From Bank 52,333,510 (Secured By hypoecation of stock & debtors, lien on fixed deposit, charge on immovable properties and plant & machineries at Dheku and personal guarantee of Mr. Neil Karani & Mr. Ketan Karani) Post Shipment Credit from Bank (Secured Against hypoecation of Book Debts) 3,200,755 24,045,357 76,378,867 3,200, TRADE PAYABLES Trade Payables * 46,513,130 62,124,895 46,513,130 62,124,895 * Under e Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to dues to Micro, Small and Medium enterprises. Based on e information available wi e Company, ere are no parties who have been identified as micro, small and medium enterprises based on e confirmations circulated and responses received by e management. 8. OTHER CURRENT LIABILITIES Current maturities of longterm debt Security deposits Oer Liabilities Statutory Dues Book Overdraft 918, , , ,689 2,073, , , , ,004 1,572, SHORT TERM PROVISIONS Oers: Provision for taxation 3,819,365 3,819,365 [58] 2,445,313 2,445,313

59 10. FIXED ASSETS (CONSOLIDATED STATEMENT) Gross Block April 1, 2013 Additions / Adjustments during Year Deletions / Adjustments during Year Building (Factory) wi attached land 10,998,984 Plant, Machineries & Equipments 83,340,600 PARTICULARS Accumulated Depreciation Net Block Revaluations/ (Impairments) March 31, 2014 April 1, 2013 Depreciation charge for e year Adjustments On disposals March 31, 2014 March 31, 2014 March 31, ,998,984 4,688, ,017 5,319,839 5,679,145 6,310,162 1,205,604 84,546,204 78,879, ,111 79,566,132 4,980,072 4,461,579 Tangible Assets Furniture & Fixtures 488,598 37, , ,818 9, ,286 64,512 36,780 1,636,134 1,636, , , , ,576 1,112,637 Office Equipment 330,557 30, , ,392 12, ,896 82,328 64,165 Computers 871,699 45, , ,439 21, , , ,260 Dies 66,175 66,175 66, , Total 97,732,747 1,318,571 99,051,318 85,548,008 1,649,415 87,197,423 11,853,895 12,184,739 Previous Year 98,085, , ,500 97,732,746 83,998,407 1,901, ,319 85,548,008 12,184,738 14,087,393 8,665 8,665 7, , ,312 54,000 54,000 7,794 7,794 46,206 Total 8,665 54,000 62,665 7,353 8,122 15,475 47,190 1,312 Previous Year 8,665 8,665 6, ,353 1,312 1,750 Vehicles Intangible Assets Copyrights, Patents and oer intellectual property rights, services and operating rights Software Intangible Assets WIP Brand Development (Refer Note) 7,684,680 Total 7,684,680 Previous Year Note: Depreciation for e year Less: Adjustment from Revaluation Reserve Depreciation carried to Income Statement Current Year (Rs.) 1,657, ,867 1,459,670 Previous Year (Rs.) 1,902, ,831 1,672,527

60 FORTY FIRST ANNUAL REPORT NON CURRENT INVESTMENTS CONSOLIDATED STATEMENTS A. Trade Investments (Unquoted) Investment in Equity instruments (Associate for part of e March 31, 2013 (Rs.) Year) Current Year NIL (Previous Year 25,000) Equity Shares at Rs. 39/ Each of Nova Oleochem Ltd 14,70,000 (Previous Year 19,95,000) Equity Shares of Rs.10/ each fully paid up in M/s Nova Oleochem Limited B. Oer Investments Investment in Equity Instruments 100 (Previous Year 100) Equity Shares of Rs.10/ each in Dena Bank Limited 100 (Previous Year 100) Equity Shares of Rs.10/ each in Kapol CoOp Bank Ltd (Unquoted) 14,700, ,000 19,950,000 14,700,000 20,925,000 3,000 3,000 1,000 4,000 14,704,000 1,000 4,000 20,929,000 A) Aggregate amount of quoted investments (Market value Rs. 6,055/(Previous Year Rs. 8,940/) B) Aggregate amount of unquoted investments 3,000 3,000 14,701,000 20,926, LONG TERM LOANS AND ADVANCES Unsecured, considered good Security Deposits MAT Credit Entitlement 744,306 1,798,297 2,542, ,726 5,271,877 6,012, INVENTORIES (Valued at cost or net realizable value) a. Raw Materials b. Consumables c. Finished goods d. Packing Material 10,565, ,794 18,928,613 1,510,359 31,319,891 [60] 27,056,471 1,241,246 41,267,259 1,632,620 71,197,596

61 14. TRADE RECEIVABLES CONSOLIDATED STATEMENTS March 31, 2014 (Rs.) Trade receivables outstanding for a period less an six mons Unsecured, considered good March 31, 2013 (Rs.) 57,061,767 57,061,767 25,604,769 25,604,769 87,588, ,306 (171,306) 87,588, ,650,408 1,076, ,066 (633,066) 443,630 26,048,398 Trade receivables outstanding for a period exceeding six mons Unsecured, considered good Doubtful Less: Provision for doubtful debts 15. CASH AND CASH EQUIVALENTS a. Cash on hand b. Cheques, drafts on hand c. Balances wi banks in current Account In Current Account In Deposit Account (Wi Maturity of less an 12 mons) 350,985 2,341, ,291 99,000 20,000 5,000,000 7,712, ,869 5,000,000 6,226, SHORT TERM LOANS AND ADVANCES a. Loans and advances Unsecured, considered good Advances Recoverable in cash or kind Service Tax CENVAT Account and PLA Advance Income Tax Vat refund receivable Advance to Subsidiary (Monopoly Innovations Ltd) 915, ,145 76,510 70,282 1,149, ,318 76, ,592 1,434, OTHER CURRENT ASSETS Security Deposit wi MSEB pursuant to Court Case (Refer Note 1) Interest Accrued but not due Oer Receivables [61] 6,000,000 6,000,000 5,120 12,650,000 18,655,120 5,690 6,005,690

62 FORTY FIRST ANNUAL REPORT REVENUE FROM OPERATIONS CONSOLIDATED STATEMENTS Year Ended Sale of Products (Gross) Manufactured Goods Vegetable Oils, Chemicals derived from oils & Allied Products Organic & Inorganic fine chemicals Oers Less: Excise Duty Sale of Services Processing Charges Storage & Warehousing License Fees Year Ended 411,475,437 13,058, ,533,575 (1,502,048) 423,031, ,170,906 1,082, , ,449,222 (128,780) 281,320, , , , ,299,624 1,242, , , ,219, OTHER INCOME Year Ended Year Ended Interest Income Dividend Income Net gain on sale of Fixed Assets Miscellaneous Receipts 346,150 38,080 3,374 5, , , , , COST OF MATERIAL CONSUMED Year Ended Vegetable Oils, Chemicals derived from oils & Allied Products Oer Chemicals Oers 302,235,818 9,954,359 4,510, ,700,935 Year Ended 231,838, ,963 12,952, ,510, CHANGES IN INVENTORY OF FINISHED GOODS, WORK IN PROGRESS Year Ended Opening Inventory Finished Goods Closing Inventory Finished Goods [62] Year Ended 41,267,259 41,267,259 37,566,288 37,566,288 15,530,532 15,530,532 25,736,727 41,267,259 41,267,259 (3,700,971)

63 22. OTHER MANUFACTURING EXPENSES CONSOLIDATED STATEMENTS Power and Fuel Repairs to building Repairs to machinery Oer Manufacturing Expenses Equipment Hiring Charges Packing Materials Consumed Year Ended 3,046, , ,103 1,883,058 1,466,934 7,164,477 13,961,574 Year Ended 3,150,265 72, , , ,000 5,441,794 9,749,179 Year Ended 5,721, , , ,449 6,235,340 Year Ended 2,370, , ,711 96,645 2,777,882 Year Ended 5,133,751 4,614,351 1,521,178 11,269,280 Year Ended 327,816 3,383 1,694,255 2,025,454 Year Ended Year Ended 23. EMPLOYEE BENEFIT EXPENSES Salaries and incentives Contributions to Provident Fund Gratuity & Oer retirement benefits (Unfunded) Staff Welfare Expenses Total 24. FINANCE COSTS Interest on Loans Oer Interest Forex Loss Oer Borrowing Cost 25. OTHER EXPENSES Insurance Charges Rates and Taxes Auditor's Remuneration (Including Service Tax): For Statutory Audit For Tax Audit Traveling & Conveyance Expenses Nonfulfillment of Contract Expenses AGM/EGM Expenses Legal and Professional Expenses Director's Sitting Fees Temporary Personnel Expenses Selling & Distribution Expenses Communication Expenses Miscellaneous Expenses Provision For Doubtful Debts Office Rent Brand Development Expenses [63] 515, , , , ,394 67,416 1,218,178 6,786, ,646 3,660,795 37,500 2,582,138 3,095, ,717 1,073,578 1,213,488 9,611,107 31,159, ,000 50, , ,943 1,076,210 34,500 4,193,714 2,194, , , ,306 90,001 10,358,185

64 FORTY FIRST ANNUAL REPORT EARNINGS PER EQUITY SHARES CONSOLIDATED STATEMENTS Year Ended March 31, 2014 Basic Earnings per Share Profit/(Loss) attributable to Equity shareholders (in Rupees) Weighted average number of equity shares Basic Earnings Per Share in Rupees Face value per Share in Rupees 16,280,024 5,430, Year Ended March 31, ,868,115 5,430, NOTE: The Company does not have any dilutive potential equity shares for e year Consequently e basic and diluted earning per share of e Company remain e same NOTE: 27 NOTES FORMING PART OF THE STATEMENT OF ACCOUNTS AS AT 31ST MARCH, 2014 (CONSOLIDATED) PART A: SIGNIFICANT ACCOUNTING POLICIES ON CONSOLIDATED ACCOUNTS 1. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS: The consolidated financial statements relate to Tirupati Industries (India) Limited ( e Company ) and its subsidiary company. The consolidated financial statements have been prepared on e following basis: a. The financial statements of e Company and its subsidiary companies are combined on a linebyline basis by adding togeer e book values of like items of assets, liabilities, income and expenses, after fully eliminating intragroup balances and intragroup transactions in accordance wi Accounting Standard (AS) 21 Consolidated Financial Statements b. The difference between e cost of investment in e subsidiaries, over e net assets at e time of acquisition of shares in e subsidiaries is recognized in e financial statements as Goodwill or Capital Reserve, as e case may be. c. The difference between e proceeds from disposal of investment in subsidiaries and e carrying amount of its assets less liabilities as of e date of disposal is recognized in e consolidated Statement of Profit and Loss being e profit or loss on disposal of investment in subsidiary. d. Investment in Associate Companies has been accounted under e equity meod as per Accounting Standard (AS) 23 Accounting for Investments in Associates in Consolidated Financial Statements. e. The Company accounts for its share in change in net assets of e associates, postacquisition, after eliminating unrealized profits and losses resulting from transactions between e Company and its associates to e extent of its share, rough its Statement of Profit and Loss to e extent such change is attributable to e associates Profit or Loss rough its reserves for e balance, based on available information. f. The difference between e cost of investment in e associates and e share of net assets at e time of acquisition of shares in e associates is identified in e financial statements as Goodwill or Capital Reserve as e case may be. g. As far as possible, e consolidated financial statements are prepared using uniform accounting policies for like transactions and oer events in similar circumstances and are presented in e same manner as e Company s separate financial statements. 2. Investments oer an in subsidiaries and associates have been accounted as per Accounting Standard (AS) 13 on Accounting for Investments [64]

65 3. Oer significant accounting policies These are set out under Significant Accounting Policies as given in e Company s separate financial statements. PART B: NOTE ON ACCOUNTS 1. CONTINGENT LIABILITIES NOT PROVIDED FOR: a) MSEB CLAIM NOT ACKNOWLEDGED BY THE COMPANY: As per letterdated issued by MSEB after mutual discussions, e Company had to receive an amount of Rs 4, from MSEB. Whereas as per letter dated , MSEB has demanded at e Company pays an amount of Rs 10,37,605.75/ to MSEB. The Company has asked MSEB to arrive at e correct amount after mutual discussions and as required under e Maharashtra State Government s order dated Hon ble AAIFR vide on order dated has directed MSEB to implement e order of e State Government dated & grant e necessary relief to e Company wiin ree weeks from e date of e said order. MSEB approached e Bombay High Court against e order of AAIFR and claimed an amount of Rs. 68,80,389/ (Previous Year Rs.68,80,389/) from e company including interest and penalty upto e date of filing its petition. The Honorable High Court on 4 June, 2008, directed at an amount of Rs 60 Lakhs be placed wi MSEB pending e final disposal of e matter. Against is MSEB was required to give a Bank Guarantee to e High Court. In a Petition filed by e co, e Hon ble Supreme Court directed e High Court to expedite e hearing. Company has approached e Hon ble High Court for expeditious hearing. In e opinion of e Management Company is eligible for various reliefs & concessions as per e package of MSEB. b) Penalty of Rs.10 Lakhs (Previous Year Rs.10 Lakhs) levied under FERA (Refer Note 4) 2. SHOW CAUSE NOTICE ISSUED BY REGISTRAR OF COMPANIES, MAHARASHTRA UNDER SECTION 13 OF THE COMPANIES ACT, 1956 TO THE COMPANY FOR CARRYING ON ULTRA VIRES ACTIVITIES The Company had received a show cause notice from Registrar of Companies, Maharashtra for violation of Sec.13 of e Companies Act, 1956 in e period prior to March The en Managing Director of e Company Mr. Ramniklal She and two oer Ex Directors Mr. B. F. Jhaveri and Mr. C. A. Mehta were carrying on e business in Diamond in e name of e Company. The Ministry of Corporate Affairs has concluded at e activities of carrying on such business are ultravires and such opinion is formed after investigation of e records and documents of e Company, under Section 209 A of e Companies Act, PENALTY OF RS. 10 LAKH IMPOSED BY SPECIAL DIRECTOR OF ENFORCEMENT UNDER FOREIGN EXCHANGE REGULATION ACT, Office of e Special Director of Enforcement (Foreign Exchange Regulation Act) issued show cause notice to e Company and two erstwhile Directors i.e. Mr. R. A. She and Mr. C. A. Mehta for violation of Section 18(2) and 18(3) read wi sections 68(1) & (2) of e FERA Act This violation is for nonrealization of e export proceeds. During Feb.1989 to Feb.1990 when erstwhile Directors Mr. R. A. She and Mr. C. A. Mehta were in charge of e affairs of e Company. The Enforcement Directorate has imposed penalties of Rs.40 Lakhs each on e said two responsible exdirectors, as ey have been found personally responsible for e violation of FERA. In e opinion of e Director of Enforcement e Company, being a juridical person, is also to be charged alough only e above named two exdirectors were personally involved in e violation and ere is every possibility at moneys were directly realized by bo of em. The penalty of Rs.10 lakhs imposed on e Company is contested and matter is pending. No provision is made in accounts as in e opinion of e Directors, e Company is not required to pay penalty. 4. In e opinion of e Board, all of e assets oer an fixed assets and noncurrent investments, have a value on realization in e ordinary course of business at least equal to e amount at which ey are stated. The provisions of all known and determined liabilities are adequate and not in excess of e amount reasonably necessary. [65]

66 FORTY FIRST ANNUAL REPORT During e year company has written off total expenditure on development of internally generated brands amounting to Rs. 96,11,107/ (including amount of Rs. 76,84,680/ as carried under e head Intangible Asset under Development till previous year) has been charged to Profit & Loss Account in current year to bring it in consonance wi Accounting Standard Consumption of Raw Materials Year Ended March 31, 2014 Year Ended March 31, 2013 Rupees Percentage Rupees Percentage Imported Indigenous 31,67,00, % 24,55,10, % 31,67,00, % 24,55,10, % 7. C.I.F. Value of Imports, Expenditure and Earnings in Foreign Exchange (Rs.) (Rs.) C.I.F. Value to Import Goods Nil Nil Value of Imported Capital Goods Nil Nil 3,10,672 25,23,048 12,97,01, ,17,479 Nil Nil PARTICULARS Expenditure in Foreign currency FOB Value of Exports Oer Income 8. The company was mainly engaged in e business of manufacturers, processing and trading in vegetable oils and chemicals derived ereof, chemicals and allied products in e year. Therefore, all e operations of e company are considered as single segment for e purpose of As 17 on Segment Reporting issued by e Institute of Chartered Accountants of India. 9. In pursuance of AS 28 on impairment of assets issued by e Institute of Chartered Accountants of India, e company has undertaken summary overview of e assets held by it and is of e view at no asset requires provision for impairment. 10. Related Party Transactions as per accounting Standard 18: A) Name of e Related Parties and Description Name of e Party Mr. Jyotiram Nale Mr. Neil Karani Nova Oleochem Limited Relationship Key Management Personnel Key Management Personnel Associate Concern (till ) [66]

67 B) Transaction Wi related Parties Current Year (Rs.) a) Key Management Personnel Remuneration & Benefits To Mr. Jyotiram Nale Remuneration & Benefits to Mr. Neil Karani b) Associate Concern (Net of tax) Rent Storage & Warehousing Charges Processing Charges Closing Balances : Business Closing Balances : Deposit Previous Year (Rs.) 5,45,115 12,92,793 5,13,677 11,51,300 2,50,224 1,60,800 4,37,073 NIL 1,00,000 CR 2,50,224 1,60,800 12,42,899 10,51,290 DR 1,00,000 CR 11. Disclosure pursuant to Accounting Standard 15 Employee Benefits i. Contribution to Provident Fund The Companies contribution to Statutory Provident Fund is charged to e Statement of Profit and Loss under e head Contribution to Provident Fund is Rs. 2,48,873 / (P Y Rs. 2,03,712/). ii. Gratuity / Leave Salary The Company has few employees hence e actuarial valuation is not viable. The gratuity and leave encashment liability are charged to Profit & Loss Account rough accruing liabilities based on e assumption at such benefits are payable to e employees at e end of e accounting year. The Company during e year provided Rs. 3,53,585/ (PY: Rs. 2,03,711/) towards gratuity and leave salary. 12. The previous year s figures have been regrouped/reclassified to confirm to is year s classification. In terms of our report of even date For R. P. Trivedi & Associates Chartered Accountants Firm's Registration Number: W CA R. P. Trivedi Proprietor (M. No ) Mumbai, Dated 30 May, 2014 For and on behalf of Board of Directors Tirupati Industries (India) Limited Ramesh Sanghvi Chairman Neil Karani Managing Director Milee Shah Company Secretary Dheku, Dated 30 May 2014 [67]

68 FORTY FIRST ANNUAL REPORT STATEMENT PURSUANT TO EXEMPTION GRANTED UNDER SECTION 212 (8) OF THE COMPANIES ACT, 1956 RELATING TO THE SUBSIDIARY COMPANY AS AT 31ST MARCH, NAME OF THE SUBSIDIARY COMPANY* MONOPOLY INNOVATIONS LIMITED Financial year ended on 31 March, 2014 Capital Rs. 5,00,000/ Reserves (53,372) Total Liabilities 98,372 Total Assets 5,45,000 Investments NIL Total Income NIL Profit/Loss Before Tax (53,372) Provisions for Tax NIL Profit/Loss after Tax (53,372) st *Incorporated as a WhollyOwned Subsidiary on 7 March, For and on behalf of Board of Directors Tirupati Industries (India) Limited Place: Dheku Date: 30 May 2014 [68] Sd/Ramesh Sanghvi Chairman Sd/Neil Karani Managing Director Sd/Milee Shah Company Secretary

69 Regd. Office: 42 to 45, Emerald Industrial Estate, Dheku, Tal. Khalapur, Dist. Raigad, Maharashtra , INDIA Tel: Fax: CIN: L99999MH1973PLC ATTENDANCE SLIP (to be presented at e entrance) 41st ANNUAL GENERAL MEETING ON MONDAY, 29 SEPTEMBER 2014 AT A.M. AT THE REGISTERED OFFICE OF THE COMPANY Folio No. DP ID No. Client ID No. Name of e Member: Signature: Name of e Proxy Holder: Signature: Only Member/Proxy Holder can attend e meeting Member/Proxy Holder should bring his/her copy of e Annual Report for reference at e Meeting Cut here Regd. Office: 42 to 45, Emerald Industrial Estate, Dheku, Tal. Khalapur, Dist. Raigad, Maharashtra , INDIA Tel: Fax: info@tirupatiind.com CIN: L99999MH1973PLC PROXY FORM (Pursuant to Section 105(6) of e Companies Act, 2013 and Rule 19(3) of e Companies (Management and Administration) Rules, 2014) 41st ANNUAL GENERAL MEETING ON MONDAY, 29 SEPTEMBER 2014 AT A.M. AT THE REGISTERED OFFICE OF THE COMPANY Name of e Member(s): Registered Address: ID: Folio No. DP ID No. Client ID No. I/We being e member(s) of Shares of Tirupati Industries (India) Limited, hereby appoint 1. Name: Address: ID: 2. Name: Address: ID: 3. Name: Address: Signature: Signature: ID: Signature: as my/our proxy to attend and vote for me/us and on my/out behalf at e Forty First Annual General Meeting of e Company to be held on Monday 29 September 2014 at e Registered Office of e Company and at any adjournment ereof in respect of such resolutions indicated below: Adoption of Audited Statement of Profit and Loss, Balance Sheet, Report of Board of Directors and Auditors for e year ended 31st March 2014 Reappointment of Mr. Jyotiram Nale as Director of e Company Appointment of Statutory Auditors Appointment of Mr. Ramesh Sanghvi as Independent Director Appointment of Mr. Manchand Jhaveri as Independent Director Appointment of Mr. Hitesh Jhaveri as Independent Director Increase in Auorized Share Capital Alteration of Memorandum of Association Alteration on Articles of Association Ratification of Cost Auditors Remuneration Kindly Board Auorization to Borrow Limits for e Company Affix Substitute and Modify Articles of Association of e Company Revenue Granting to Permanent Employees and Directors of e Company equity shares by way of ESOP Stamp Appointment of Mr. Jyotiram S. Nale as Whole Time Director Signed is day of 2014 Signature of Shareholder Signature of Proxy holder(s) NOTES: This Form of Proxy, in order to be effective should be duly completed and deposited at e Registered Office of e Company at 42 to 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, Dist. Raigad, Maharashtra , INDIA, not less an 48 hours before e commencement of e Meeting.

70 THIS AREA HAS INTENTIONALLY BEEN LEFT BLANK THIS AREA HAS INTENTIONALLY BEEN LEFT BLANK [70]

71 Your Company has been serving consumers for High Quality Oils and Chemicals for e past 41 years and is firmly on e pa of grow and prosperity. Our Edible Oils under e brand MONOPOLY are being satisfactorily catered to numerous households and we would be honored to serve you too. MONOPOLY Edible Oils are a perfect blend of all e above qualities wi a Natural Combination of MONO and POLY Unsaturated Fats (MUFA and PUFA), which retain e original flavours of your recipes to give you delicious food. Our oils are of highest quality; give great value for money and are subject to stringent quality control measures. We offer a wide range of Edible Oils in various pack sizes ranging from 200 ml to 15 litres/kgs: MONOPOLY REFINED SUNFLOWER OIL MONOPOLY REFINED SOYABEAN OIL MONOPOLY REFINED RICEBRAN OIL MONOPOLY KACHCHI GHANI MUSTARD OIL TIRUPATI manufactures Biodiesel and a range of Meyl Esters. Biodiesel is an eco friendly substitute for regular Petroleum Diesel. Besides contributing to e environment, it secures a region s energy needs and provides e freedom to rural areas to access decentralized power. As a Green Fuel it also enables e Transport and Industrial sectors to grow on Clean Development Mechanism. Our Biodiesel is marketed under e brand BIOWIN. Your Company has also diversified its business into Chemicals and Laboratory Reagents. Our products are sold under e brand GEMChem where we market a range of high purity Reagents, Acids, Solvents, Buffer Tablets, ph Indicator Solutions, Indicator Papers, Metals and Metallic Compounds, Karl Fischer Reagents, Biological Stains, Ion Pairing Reagents, Clinical and Diagnostic Reagents amongst a wide range of oer products. To know more you can simply contact us by sending us an at info@tirupatiind.com and we shall be pleased to assist/serve you. You may also visit us at or scan e below QR code to know more about your Company and its businesses. Thank you, NEIL KARANI Managing Director

72 ANNUAL REPORT REGISTERED OFFICE 42 to 45, Emerald Industrial Estate, Dheku, Taluka Khalapur, District Raigad , Maharashtra, INDIA T: +91 (219) F: +91 (219) E: W:

TAYO ROLLS LIMITED. (A Enterprise) Regd. Office : Annex - 2, General Office Premises, Tata Steel Ltd., P.O. & P.S. Bistupur Jamshedpur

TAYO ROLLS LIMITED. (A Enterprise) Regd. Office : Annex - 2, General Office Premises, Tata Steel Ltd., P.O. & P.S. Bistupur Jamshedpur TAYO ROLLS LIMITED (A Enterprise) Regd. Office : Annex - 2, General Office Premises, Tata Steel Ltd., P.O. & P.S. Bistupur Jamshedpur 831 001 NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING

More information

Hydro S & S NOTICE OF POSTAL BALLOT AND E-VOTING

Hydro S & S NOTICE OF POSTAL BALLOT AND E-VOTING HYDRO S & S INDUSTRIES LIMITED (A Kingfa Group Company) CIN : L25209TN1983PLC010438 Registered Office : Dhun Building, III Floor, 827, Anna Salai, Chennai - 600 002. Phone : 044-28521736, Fax : 044-28520420,

More information

EXTRA-ORDINARY GENERAL MEETING

EXTRA-ORDINARY GENERAL MEETING UPL LIMITED CIN : L24219GJ1985PLC025132 Registered office: 3-11, G.I.D.C., Vapi, Dist. Valsad, Gujarat 396195 Email: upl.investors@uniphos.com Website: www.uplonline.com NOTICE NOTICE is hereby given that

More information

PEARL Polymers Limited

PEARL Polymers Limited NOTICE TO MEMBERS NOTICE is hereby given at e Forty Six Annual General Meeting ( AGM ) of e Members of Pearl Polymers Limited (CIN:L25209DL1971PLC005535) will be held on Friday, 29 day of September 2017,

More information

NOTICE OF ANNUAL GENERAL MEETING. Notice is hereby given that the 44 Annual General Meeting of the Members of Shanthi Gears Limited will be

NOTICE OF ANNUAL GENERAL MEETING. Notice is hereby given that the 44 Annual General Meeting of the Members of Shanthi Gears Limited will be SHANTHI GEARS LIMITED Regd. Office : 304-A, Trichy Road, Singanallur, -641 005, Tamil Nadu. Tel : +91-422-4545745 Fax : +91-422-4545700 Website : www.shanigears.com E-mail : cs@shanigears.murugappa.com

More information

BIL ENERGY SYSTEMS LIMITED

BIL ENERGY SYSTEMS LIMITED NOTICE NOTICE is hereby given that the 9 th Annual General Meeting of the Members of BIL ENERGY SYSTEMS LIMITED will be held at 1 st Floor, Landmark Building, Mith Chowky, Link Road, Malad West, Mumbai

More information

Vinyl Chemicals (India) Ltd. N O T I C E

Vinyl Chemicals (India) Ltd. N O T I C E N O T I C E Notice is hereby given that the THIRTY FIRST ANNUAL GENERAL MEETING of the members of the Company will be held on Wednesday, the 30 th August, 2017 at 11.00 a.m. at Kamalnayan Bajaj Hall, Bajaj

More information

NOTICE TO SHAREHOLDERS

NOTICE TO SHAREHOLDERS NOTICE TO SHAREHOLDERS NOTICE is hereby given that the Twenty Fourth Annual General Meeting of the Company will be held on Wednesday the 28 th September 2016 at 9.30 a.m. at 2nd Floor, Robert V Chandran

More information

Postal Ballot Notice [Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014]

Postal Ballot Notice [Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014] NOVOPAN INDUSTRIES LIMITED Registered Office: IDA, Phase-II, Patancheru, Medak District, Telangana - 502319 Phone : 040-27902663, Fax : 040-27902665, Website: www.novopan.in Email: investor@novopan.in,

More information

Winsome Textile Industries Limited

Winsome Textile Industries Limited Winsome Textile Industries Limited NOTICE Winsome Textile Industries limited CIN: L17115HP1980PLC005647 Regd. Of ce: 1, Industrial Area, Baddi, Distt. Solan, (H.P.) -173205 Phone No: - 01795-244045 Fax

More information

BIMETAL BEARINGS LIMITED CIN:L29130TN1961PLC004466

BIMETAL BEARINGS LIMITED CIN:L29130TN1961PLC004466 BIMETAL BEARINGS LIMITED CIN:L29130TN1961PLC004466 Website: www.bimite.co.in E-Mail: vidhyashankar@bimite.co.in ATTENDANCE SLIP 57 th ANNUAL GENERAL MEETING (YEAR 2018) I/we hereby record my/our presence

More information

GOKAK TEXTILES LIMITED

GOKAK TEXTILES LIMITED GOKAK TEXTILES LIMITED Registered Office: #1, 2 nd Floor, 12 th Cross, Ideal Homes, Near Jayanna Circle, Rajarajeshwari Nagar, Bengaluru 560 098 Tel: +91 80 2974 4077, +91 80 2974 4078 Fax: +91 80 2974

More information

Agenda. 5. To consider and if thought fit, to pass with or without modification (s), the following resolution as an ordinary resolution:

Agenda. 5. To consider and if thought fit, to pass with or without modification (s), the following resolution as an ordinary resolution: YOKOGAWA INDIA LIMITED CIN: U74210KA1987FLC008304 Regd. Off.: 96, Electronic City Complex, Hosur Road, Bangalore 560100 Tel: 080 41586000 / Fax: 080 28521442 Website: www.yokogowa.com / E-mail: srinivasa.bs@in.yokogawa.com

More information

NOTICE OF 8 ANNUAL GENERAL MEETING

NOTICE OF 8 ANNUAL GENERAL MEETING NOTICE OF 8 ANNUAL GENERAL MEETING NOTICE OF 8 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 8TH ANNUAL GENERAL MEETING OF THE MEMBERS OF GLOBE INTERNATIONAL CARRIERS LIMITED, (FORMERLY KNOWN

More information

Postal Ballot Notice. Dear Member(s),

Postal Ballot Notice. Dear Member(s), Postal Ballot Notice Dear Member(s), Notice is hereby given pursuant to the provisions of Section 110 and other applicable provisions, if any, of the Companies Act, 2013 ( the Act ), read together with

More information

POSTAL BALLOT NOTICE. Dear Members,

POSTAL BALLOT NOTICE. Dear Members, CIN: L65190GJ1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, Gujarat, Phone: 0265-6722286 Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex,

More information

DEWAN HOUSING FINANCE CORPORATION LIMITED. Notice of Postal Ballot (Pursuant to Section 110 of the Companies Act, 2013)

DEWAN HOUSING FINANCE CORPORATION LIMITED. Notice of Postal Ballot (Pursuant to Section 110 of the Companies Act, 2013) Dear Member (s), DEWAN HOUSING FINANCE CORPORATION LIMITED Corporate Identification Number (CIN) L65910MH1984PLC032639 Corporate Office : TCG Financial Centre, 10 th Floor, BKC Road, Bandra Kurla Complex,

More information

Tech Mahindra Limited

Tech Mahindra Limited Tech Mahindra Limited CIN No.: L64200MH1986PLC041370 Registered Office : Gateway Building, Apollo Bunder, Mumbai - 400 001, Maharashtra, India Website: www.techmahindra.com Email: investor.relations@techmahindra.com

More information

6. To consider and if thought fit, to pass with or without. 7. To consider and if thought fit, to pass with or without

6. To consider and if thought fit, to pass with or without. 7. To consider and if thought fit, to pass with or without (CIN: L17111TN1946PLC001361) REGD. OFFICE: 21/4 MILL STREET, KOVILPATTI 628 501 Email :investor@loyaltextiles.com, Website :www.loyaltextiles.com Phone : 04632-220001 Fax : 04632-221353 NOTICE OF ANNUAL

More information

POSTAL BALLOT NOTICE

POSTAL BALLOT NOTICE DISH TV INDIA LIMITED Registered Office: 18 th Floor, A Wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai 400 013 Corporate Office: FC-19, Sector 16A, Noida 201 301 (U.P) Tel: 0120-5047005/5047000,

More information

NOTICE OF POSTAL BALLOT

NOTICE OF POSTAL BALLOT MAGMA FINCORP LIMITED Registered Office: Magma House, 24, Park Street, Kolkata 700 016 Phone: 033 4401 7200/350 Fax: 033 4402 7731 CIN: L51504WB1978PLC031813 Website: www.magma.co.in Email: shabnum.zaman@magma.co.in

More information

SPECIAL BUSINESS: 6. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:

SPECIAL BUSINESS: 6. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: 5. To appoint a Director and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT whereas pursuant to

More information

NOTICE OF ANNUAL GENERAL MEETING 2. APPOINTMENT OF DIRECTOR IN PLACE OF RETIRING DIRECTOR

NOTICE OF ANNUAL GENERAL MEETING 2. APPOINTMENT OF DIRECTOR IN PLACE OF RETIRING DIRECTOR TIRUPATI TYRES LIMITED Reg. Off: 65, 2nd Floor, Vadhawa Complex, Mandi Kesar Ganj Chowk, Near Union Bank of India, Ludhiana, Punjab 141008 Corp. Off. Royal Sand, B Wing, '402 Shastry Nagar', B/H City Mall,

More information

ITC Limited. Based on the Scrutinizer's Report to the Chairman of the Company, the Results of the Postal Ballot and e-voting will be declared

ITC Limited. Based on the Scrutinizer's Report to the Chairman of the Company, the Results of the Postal Ballot and e-voting will be declared ITC Limited CIN : L16005WB1910PLC001985 Registered Office : Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071 Tel : 91 33 2288 9371 Fax : 91 33 2288 2358 E-mail : isc@itc.in Website : www.itcportal.com

More information

Notice SPECIAL BUSINESS:

Notice SPECIAL BUSINESS: Notice McDOWELL HOLDINGS LIMITED CIN: L05190KA2004PLC033485 Registered Office: UB Tower, Level-12, UB City, 24, Vittal Mallya Road, Bengaluru 560 001 E-mail: mhlinvestor@ubmail.com Website: www.mcdowellholdings.co.in

More information

NOTICE. To consider and, if thought fit, to pass with or without modification(s) the following Resolution as a Special Resolution:

NOTICE. To consider and, if thought fit, to pass with or without modification(s) the following Resolution as a Special Resolution: NOTICE To all the Members of the Company Notice is hereby given that the 28 th Extra Ordinary General Meeting (EGM) of the Members of the [Formerly, Magma Housing Finance (A Public Company with Unlimited

More information

NOTICE. Rukmini Subramanian Company Secretary

NOTICE. Rukmini Subramanian Company Secretary NOTICE NOTICE is hereby given that the 44 th Annual General Meeting of the members of Saint-Gobain Sekurit India Limited will be held on Saturday, 29 th July 2017 at 3:00 p.m. at Hotel Kalasagar, P-4,

More information

PIRAMAL ENTERPRISES LIMITED

PIRAMAL ENTERPRISES LIMITED PIRAMAL ENTERPRISES LIMITED CIN: L24110MH1947PLC005719 Registered Office: Piramal Tower, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013 Tel No: (91 22) 30466666 Fax No: (91 22) 30467855 Website: www.piramal.com

More information

NOTICE. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution with or without modification(s).

NOTICE. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution with or without modification(s). National Aluminium Company Limited (A Government of India Enterprise) Regd. Office : NALCO Bhawan, Plot No. P/1, Nayapalli, Bhubaneswar 751 061 (Orissa) NOTICE Notice is hereby given that an Extra-ordinary

More information

Ordinary Business 1. To receive, consider and adopt:

Ordinary Business 1. To receive, consider and adopt: Notice Notice Notice is hereby given that the Fifty Second Annual General Meeting of the Members of Tata Global Beverages Limited will be held at The Oberoi Grand, 15 Jawaharlal Nehru Road, Kolkata 700

More information

Registered office: 19-A Dhuleshwar Garden, Ajmer Road, Jaipur , Rajasthan Website:

Registered office: 19-A Dhuleshwar Garden, Ajmer Road, Jaipur , Rajasthan Website: Au FINANCIERS (INDIA) LIMITED Registered office: 19-A Dhuleshwar Garden, Ajmer Road, Jaipur-302001, Rajasthan Website: www.aufin.inemail:manmohan.parnami@aufin.in NOTICE OF THE EXTRA ORDINARY GENERAL MEETING

More information

Notice pursuant to Section 110 of the Companies Act, 2013

Notice pursuant to Section 110 of the Companies Act, 2013 Notice pursuant to Section 110 of the Companies Act, 2013 1 Reliance Home Finance Limited CIN: L67190MH2008PLC183216 Registered Office: Reliance Centre, 6 th Floor, South Wing, Off Western Express Highway

More information

NOTICE OF EXTRA ORDINARY GENERAL MEETING

NOTICE OF EXTRA ORDINARY GENERAL MEETING Phone : 011-41627007 E-mail : cs@capital-trust.com Web: www.capital-trust.com NOTICE OF EXTRA ORDINARY GENERAL MEETING NOTICE is hereby given that the Extra-Ordinary General Meeting of the members of will

More information

Postal Ballot Notice [Notice Pursuant to Section 110 of the Companies Act, 2013, read with rule 22 of the Companies

Postal Ballot Notice [Notice Pursuant to Section 110 of the Companies Act, 2013, read with rule 22 of the Companies Dear Member(s), Notice is hereby given pursuant to the provisions of Section 110 and other applicable provisions, if any, of the Companies Act, 2013 ( the Act ), read together with the Companies (Management

More information

Panafic Industrials Limited

Panafic Industrials Limited NOTICE Notice is hereby given that the 30 th Annual General Meeting of the Members of the Company will be held on Tuesday, the 29 th day of September, 2015 at 11.00 A.M., at Hotel Aura Grand, 445, Jagriti

More information

NOTICE. Notice is hereby given that the Fifteenth Annual General Meeting of the Members of the Company will be held on

NOTICE. Notice is hereby given that the Fifteenth Annual General Meeting of the Members of the Company will be held on Notice is hereby given at e Fifteen Annual General Meeting of e Members of e Company will be held on Wednesday, 26 August 2015 at Plot No.694, Road No.33, Jubilee Hills, Hyderabad 500 033, India at 11.00

More information

GODAWARI POWER AND ISPAT LIMITED

GODAWARI POWER AND ISPAT LIMITED GODAWARI POWER AND ISPAT LIMITED Regd. Office & Works: Plot No. 428/2, Phase I, Industrial Area, Siltara, Raipur 493, Chhattisgarh Corporate Office: Hira Arcade, Near Bus Stand, Pandri, Raipur - 4924,

More information

AHMEDNAGAR FORGINGS LIMITED

AHMEDNAGAR FORGINGS LIMITED AHMEDNAGAR FORGINGS LIMITED Registered Office: Gat No. 614, Village Kuruli Khed, Pune, Maharashtra, India- 410501 CIN: L28910MH1977PLC019569 Email Id: afl.kur@amtek.com, Web: www.amtek.com Tel.: +91-2135-252148,

More information

2. Alteration of Capital Clause in the

2. Alteration of Capital Clause in the HINDALCO INDUSTRIES LIMITED CIN No: L27020MH1958PLC011238 Registered Office: Century Bhavan, 3 rd Floor, Dr. Annie Besant Road, Worli Mumbai 400 030 E Mail : hil.investors@adityabirla.com website : www.hindalco.com

More information

NOTICE OF 28TH ANNUAL GENERAL MEETING

NOTICE OF 28TH ANNUAL GENERAL MEETING Notice is hereby given that the 28th Annual General Meeting of the Members of SIMRAN FARMS LIMITED (CIN L01222MP1984PLC002627) will be held on Thursday, 24th September, 2015 at 10.00 A.M. at Pishori Premises,

More information

1. To consider and if thought fit to pass with or without modification(s), the following resolution as an Ordinary Resolution :

1. To consider and if thought fit to pass with or without modification(s), the following resolution as an Ordinary Resolution : Notice Notice is hereby given that the Extraordinary General Meeting (EGM) of NSDL e-governance Infrastructure Limited will be held on Monday, December 4, 2017 at 10.00 a.m at the Registered Office of

More information

SAREGAMA INDIA LIMITED

SAREGAMA INDIA LIMITED SAREGAMA INDIA LIMITED CIN : L22213WB1946PLC014346 Regd. Office: 33, Jessore Road, Dum Dum, Kolkata - 700028. Tel: 033-2551 2984/4773, E-mail: co.sec@saregama.com, Web: www.saregama.com Notice to the Members

More information

SHILPA MEDICARE LIMITED NOTICE FOR EXTRA-ORDINARY GENERAL MEETING TO BE HELD ON

SHILPA MEDICARE LIMITED NOTICE FOR EXTRA-ORDINARY GENERAL MEETING TO BE HELD ON SHILPA MEDICARE LIMITED NOTICE FOR EXTRA-ORDINARY GENERAL MEETING TO BE HELD ON MONDAY THE 12 TH DAY OF MAY, 2014 1 SHILPA MEDICARE LIMITED Regd Off: 1 ST Floor, 10/80, Rajendra Gunj, Raichur 584 102 Phone:

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING Regd. / Corp. Office : Pinnacle Business Tower, 10 Floor, Shooting Range Road, Surajkund, Faridabad, (Haryana)-121001 CIN : L52110HR1989PLC070351, Tel: +91-129-424 2222, Fax : +91-129-424 2233 Email: info@kohinoorfoods.in,

More information

NIVEDAN VANIJYA NIYOJAN LTD.

NIVEDAN VANIJYA NIYOJAN LTD. NIVEDAN VANIJYA NIYOJAN LTD. Regd. Office: 14/1B, Ezra Street, World Trade Centre, Kolkata-700 001 CIN: L01409WB1981PLC033998 Email: nivedan81@gmail.com Phone no.: 033-2221 5647; Website: www.nivedanvanijya.com

More information

POLARIS CONSULTING & SERVICES LIMITED (FORMERLY KNOWN AS POLARIS FINANCIAL TECHNOLOGY LIMITED) CIN: L65993TN1993PLC024142

POLARIS CONSULTING & SERVICES LIMITED (FORMERLY KNOWN AS POLARIS FINANCIAL TECHNOLOGY LIMITED) CIN: L65993TN1993PLC024142 POLARIS CONSULTING & SERVICES LIMITED (FORMERLY KNOWN AS POLARIS FINANCIAL TECHNOLOGY LIMITED) CIN: L65993TN1993PLC024142 Registered Office: No.244, Anna Salai, Chennai - 600 006. Email Id: shareholder.query@polarisft.com,

More information

NOTICE OF POSTAL BALLOT AND E-VOTING (Pursuant to Section 108 and 110 and other applicable provisions of the Companies Act, 2013)

NOTICE OF POSTAL BALLOT AND E-VOTING (Pursuant to Section 108 and 110 and other applicable provisions of the Companies Act, 2013) Regd. Of ce: Plot No. 3, HAF Pocket, Sec. 18A, Dwarka, Phase-II, New Delhi-110075 CIN: L51909DL1994PLC235697 Web-site: www.transcorpint.com, e-mail: grievance@transcorpint.com, Phone: 91-11- 30418901 05,

More information

N O T I C E. To consider and, if deemed fit, to pass, with or without modification(s), the following Resolution

N O T I C E. To consider and, if deemed fit, to pass, with or without modification(s), the following Resolution N O T I C E Notice is hereby given that the Thirty Fifth Annual General Meeting of the Members of Bodhtree Consulting Limited will be held at Crystal-I, Radisson, Hitec City, Gachibowli, Hyderabad, Telangana

More information

NOTICE. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:

NOTICE. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: 3D PLM Software Solutions Limited Unit No. 703-B, 7 th Floor, B Wing, Airoli, Navi Mumbai 400 708 Tel.: +91-22-67056001 Fax: +91-22-67056891 www.3dplmsoftware.com NOTICE Notice is hereby given that an

More information

RESOLVED FURTHER THAT

RESOLVED FURTHER THAT NOTICE SHORTER NOTICE is hereby given that the Extra-Ordinary General Meeting ( EGM ) (No. 03/F.Y. 2016-17) of Bengal Aerotropolis Projects Limited ( Company ) will be held at 5, Gorky Terrace, 1 st floor,

More information

NOTICE. Notice is hereby given that the FORTY- FOURTH ANNUAL GENERAL MEETING OF M/S KANPUR PLASTIPACK LIMITED will th

NOTICE. Notice is hereby given that the FORTY- FOURTH ANNUAL GENERAL MEETING OF M/S KANPUR PLASTIPACK LIMITED will th CIN: L25209UP1971PLC003444 Regd. Office : D-19-20, Panki Industrial Area, Kanpur-208 022 Tel : +91 (0512) 2691 113-6 ; Fax: +91(0512) 2691117; Email: secretary@kanplas.com; Web: www.kanplas.com NOTICE

More information

ADLABS ENTERTAINMENT LIMITED

ADLABS ENTERTAINMENT LIMITED Notice pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 Notice is hereby given pursuant to Section 110 and all other applicable

More information

NOTICE SOUTHERN MAGNESIUM AND CHEMICALS LIMITED

NOTICE SOUTHERN MAGNESIUM AND CHEMICALS LIMITED NOTICE Notice is hereby given that the 30 th Annual General Meeting of the Members of Southern Magnesium and Chemicals Limited will be held on Thursday, the 25 th August, 2016 at 11.30 A.M at Hotel I.

More information

Notice of Annual General Meeting

Notice of Annual General Meeting CIN: L65991TN1941PLC001128 Registered Of ce: Ramakrishna Buildings, No. 2, Dr. P.V. Cherian Cresent, Egmore, Chennai - 600 008, Ph: 66772600, Fax: 66772620, E-mail: investor@kcp.co.in, Website: www.kcp.co.in

More information

KSK ENERGY VENTURES LIMITED

KSK ENERGY VENTURES LIMITED KSK ENERGY VENTURES LIMITED Regd. Office: # 8-2-293/82/A/431/A, Road No.22, Jubilee Hills, Hyderabad - 500 033, India. Tel: +91-40-23559922-25; Fax: +91-40-23559930; Website : www.ksk.co.in CIN: L45204AP2001PLC057199

More information

MEHTA INTEGRATED FINANCE LIMITED. 31 ST Annual Report

MEHTA INTEGRATED FINANCE LIMITED. 31 ST Annual Report MEHTA INTEGRATED FINANCE LIMITED 31 ST Annual Report 2014 16 MEHTA INTEGRATED FINANCE LIMITED CIN - L65910GJ1985PLC007692 ISIN - INE240B01012 BSE Code - 511377 REGISTERED OFFICE 003, Law Garden Apartment,

More information

To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution :

To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution : Dear Member(s), Postal Ballot Notice [Notice Pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014] Notice is hereby given pursuant

More information

14 TH ANNUAL REPORT

14 TH ANNUAL REPORT NOTICE NOTICE is hereby given that the Fourteenth Annual General Meeting of the Members of M/s. Indo Us Bio Tech Limited will be held at Registered Office of the Company situated at 309, Shanti Mall, Satadhar

More information

DOLLAR INDUSTRIES LIMITED

DOLLAR INDUSTRIES LIMITED DOLLAR INDUSTRIES LIMITED CIN: L17299WB1993PLC058969 OM TOWER, 15TH FLOOR, 32, J. L. NEHRU ROAD, KOLKATA 700 071. Phone No. 033-2288 4064-66, Fax 033-2288 4063 E-mail: care@dollarglobal.in Website: www.dollarglobal.in

More information

HATHWAY CABLE & DATACOM LIMITED

HATHWAY CABLE & DATACOM LIMITED HATHWAY CABLE & DATACOM LIMITED Regd. Off: Rahejas, 4 th Floor, Corner of Main Avenue & V. P. Road, Santacruz West, Mumbai 400054 NOTICE IS HEREBY GIVEN THAT AN EXTRA-ORDINARY GENERAL MEETING OF THE MEMBERS

More information

Notice pursuant to Section 110 of the Companies Act, 2013

Notice pursuant to Section 110 of the Companies Act, 2013 Power Reliance Power Limited CIN: L40101MH1995PLC084687 Registered Office : H Block, 1st Floor Dhirubhai Ambani Knowledge City Navi Mumbai 400 710 Tel: +91 22 3303 1000, Fax: +91 22 3303 3662 E-mail: reliancepower.investors@relianceada.com

More information

POSTAL BALLOT NOTICE

POSTAL BALLOT NOTICE THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED [CIN: L17120MH1879PLC000037] Registered Office: Neville House, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001 Corporate Office: C-1, Wadia International

More information

HINDALCO INDUSTRIES LIMITED

HINDALCO INDUSTRIES LIMITED HINDALCO INDUSTRIES LIMITED CIN No: L27020MH1958PLC011238 Registered Office: Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli, Mumbai- 400 030 Email: hil.investors@adityabirla.com website:www.hindalco.com

More information

NOTICE OF POSTAL BALLOT TO THE EQUITY SHAREHOLDERS (NOTICE ISSUED TO MEMBERS PURSUANT TO SECTION 192A OF THE COMPANIES ACT, 1956)

NOTICE OF POSTAL BALLOT TO THE EQUITY SHAREHOLDERS (NOTICE ISSUED TO MEMBERS PURSUANT TO SECTION 192A OF THE COMPANIES ACT, 1956) CLARIS LIFESCIENCES LIMITED Registered Office: Claris Corporate Headquarters, Near Parimal Railway Crossing, Ellisbridge, Ahmedabad 380 006, Gujarat Tel.: 079-26563331; Fax: 079-26408053 / 26565879 Website:

More information

W h a t L e a r n i n g C a n B e

W h a t L e a r n i n g C a n B e W h a t L e a r n i n g C a n B e EDUCOMP SOLUTIONS LIMITED Regd. Office: 1211, Padma Tower 1, 5, Rajendra Place, New Delhi-110008 Corporate Identity Number: L74999DL1994PLC061353 Tel.: 91-11-25755920.

More information

Extra-Ordinary General Meeting Notice

Extra-Ordinary General Meeting Notice 01 CHASE BRIGHT STEEL LIMITED CIN: L99999MH1959PLC011479 Registered Office: R-237, TTC Industrial Area,MIDC, Rabale, Navi Mumbai 400701 Tel.: 022-27606679, Fax No.: 022-27690627 Email: chasebrightsteel@gmail.com,

More information

For Bharti Infratel Limited

For Bharti Infratel Limited Bharti Infratel Limited Regd. Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi 110 070, India. NOTICE Notice is hereby given, pursuant to section 192A and oer provisions,

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING NOTICE NOTICE OF ANNUAL GENERAL MEETING Notice, be and is hereby given that 35 th Annual General Meeting of the Members of GP Petroleums Limited will be held on Friday the 21 st September, 2018 at 3.30

More information

To declare dividend of Rs. 1 per Equity Share of Rs. 10/- each for the Financial Year

To declare dividend of Rs. 1 per Equity Share of Rs. 10/- each for the Financial Year BHARAT HOTELS LIMITED (CIN: U74899DL1981PLC011274) Regd. Office: Barakhamba Lane, New Delhi 110 001 Tel.: 91 11 44447777, Fax: 91 11 44441234, Email: corporate@thelalit.com. Website: www.thelalit.com NOTICE

More information

NOTICE OF POSTAL BALLOT

NOTICE OF POSTAL BALLOT STAMPEDE CAPITAL LIMITED Registered Office: 8-2-686/8/B/1, 3 rd Floor, GAMUT Square, Road No.12, Banjara Hills, Hyderabad -500034; CIN: L67120TG1995PLC020170; Tel: +91-40-23540764; Fax:+91-40-23540763;

More information

VENTURA TEXTILES LIMITED

VENTURA TEXTILES LIMITED VENTURA TEXTILES LIMITED CIN - L21091MH1970PLC014865 Registered Office: 121, MIDAS, SAHAR PLAZA, J. B. NAGAR, ANDHERI-KURLA ROAD ANDHERI (EAST), MUMBAI - 400 059 Tel.: 022-28344453 E-mail: pmrao@venturatextiles.com

More information

NCC LIMITED N O T I C E

NCC LIMITED N O T I C E NCC LIMITED (CIN: L72200TG1990PLC011146) Regd. Office : NCC House, Madhapur, Hyderabad - 500 081. Website : www.ncclimited.com E-mail : ho.secr@nccltd.in N O T I C E Notice is hereby given that the Twenty

More information

45th ANNUAL REPORT

45th ANNUAL REPORT 45th ANNUAL REPORT 2016-2017 BOARD OF DIRECTORS R.K. Rajgarhia Chairman S.L. Keswani Harpal Singh Chawla Ruchi Vij Sanjay Rajgarhia Managing Director COMPANY SECRETARY STATUTORY AUDITORS REGISTERED OFFICE

More information

POSTAL BALLOT NOTICE. Dear Members,

POSTAL BALLOT NOTICE. Dear Members, CIN: L65190GJ1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, Gujarat, Phone: 0265-6722286 Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex,

More information

NOTICE TO THE SHAREHOLDERS

NOTICE TO THE SHAREHOLDERS COCHIN MINERALS AND RUTILE LIMITED 1 NOTICE TO THE SHAREHOLDERS Notice is hereby given that the 27 th Annual General Meeting of the shareholders of Cochin Minerals and Rutile Limited will be held on Thursday,

More information

Court Convened Meeting of the Equity Shareholders of Blue Dart Express Limited

Court Convened Meeting of the Equity Shareholders of Blue Dart Express Limited Blue Dart Express Limited Blue Dart Centre, Sahar Airport Road, Andheri (East) Mumbai- 400 099 Phone : 022-28396444 Fax : 022-2824 4131 CIN : L61074MH1991PLC061074 Website : www.bluedart.com Email : communications@bluedart.com

More information

CIN: L74899DL1965GOI004352

CIN: L74899DL1965GOI004352 Annual Report - 2013-14 Regd. Office: Engineers India Bhawan, 1, Bhikaiji Cama Place, New Delhi 110066 Tel:011-26762121, Fax:011-26178210, E-mail: eil.mktg@eil.co.in Website: http://www.engineersindia.com

More information

Annual Report Capgemini Technology Services India Limited

Annual Report Capgemini Technology Services India Limited Annual Report 2016-17 Capgemini Technology Services India Limited Board of Directors Srinivasa Rao Kandula Managing Director Ashwin Ashok Yardi Executive Director Karine Nicole Marchat Executive Director

More information

TORRENT POWER LIMITED CIN: L31200GJ2004PLC044068

TORRENT POWER LIMITED CIN: L31200GJ2004PLC044068 TORRENT POWER LIMITED CIN: L31200GJ2004PLC044068 Regd. Office: Tapovan", 600, Tapovan, Ambawadi, Ahmedabad - 380015 (Gujarat), India Phone: +91-79-26628000 Website: www.torrentpower.com Email: cs@torrentpower.com

More information

NOTICE. 1. To consider and, if thought fit, to pass, with or without modification(s), if any, the following resolution as an Ordinary Resolution:

NOTICE. 1. To consider and, if thought fit, to pass, with or without modification(s), if any, the following resolution as an Ordinary Resolution: NOTICE Notice is hereby given that the Extra-Ordinary General Meeting of the Members of Tata Teleservices Limited (the Company ) will be held on Friday, July 29, 2016 at 11:00 Hours at the Board Room,

More information

MONNET ISPAT & ENERGY LIMITED

MONNET ISPAT & ENERGY LIMITED MONNET ISPAT & ENERGY LIMITED Registered Office: Monnet Marg, Mandir Hasaud, Raipur-492101 (Chhattisgarh) Corp. Office: Monnet House, 11, Masjid Moth, Greater Kailash-ll, New Delhi-110048 (INDIA) Phone

More information

BHARAT HEAVY ELECTRICALS LIMITED Regd. Office: BHEL House, Siri Fort, New Delhi

BHARAT HEAVY ELECTRICALS LIMITED Regd. Office: BHEL House, Siri Fort, New Delhi BHARAT HEAVY ELECTRICALS LIMITED Regd. Office: BHEL House, Siri Fort, New Delhi- 110 049 NOTICE Notice is hereby given that an Extraordinary General privileges and conditions attaching thereto as Meeting

More information

Prakash Constrowell Limited

Prakash Constrowell Limited Dear Members, NOTICE OF POSTAL BALLOT [Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014] Notice is hereby given pursuant to Section

More information

NOTICE FOR EXTRA ORDINARY GENERAL MEETING

NOTICE FOR EXTRA ORDINARY GENERAL MEETING CORPORATE OFFICE: Iris House, 16 Business Centre, Nangal Raya, New Delhi - 110 046, India. Tel.: +91 11 4711 9100, Fax: +91 11 2852 1273. REGD. OFFICE: 8 Industrial Area, Sikandrabad - 203 205 (U.P.) India

More information

BATA INDIA LIMITED CIN: L19201WB1931PLC007261

BATA INDIA LIMITED CIN: L19201WB1931PLC007261 CIN: L19201WB1931PLC007261 Telephone: +91 33 3980 2001; Fax: +91 33 2289 5748 E-mail: corporate.relations@bata.com; Website: www.bata.in NOTICE CONVENING ANNUAL GENERAL MEETING NOTICE is hereby given that

More information

Regd. Office: Tel.: Fax:

Regd. Office: Tel.: Fax: POSTAL BALLOT NOTICE NOTICE PURSUANT TO SECTION 110 OF THE COMPANIES ACT, 2013 AND RULE 22 OF THE COMPANIES (MANAGEMENT AND ADMINISTRATION) RULES, 2014 Dear Members, Regd. Office: Engineers India Bhawan,1,

More information

BRITANNIA INDUSTRIES LIMITED

BRITANNIA INDUSTRIES LIMITED BRITANNIA INDUSTRIES LIMITED (Corporate Identity Number: L15412WB1918PLC002964) Registered Office: 5/1A, Hungerford Street, Kolkata 700 017 Phone : 033 22872439/2057; Fax : 033 22872501 Website: www.britannia.co.in

More information

TAKE SOLUTIONS LIMITED Regd. Office: 8 B, Adyar Club Gate Road, Chennai

TAKE SOLUTIONS LIMITED Regd. Office: 8 B, Adyar Club Gate Road, Chennai TAKE SOLUTIONS LIMITED NOTICE OF THE ELEVENTH ANNUAL GENERAL MEETING OF THE SHAREHOLDERS NOTICE is hereby given that the Eleventh Annual General Meeting of the Company will be held on Friday, the 7th September

More information

Bilcare Limited. Notice

Bilcare Limited. Notice Bilcare Limited Regd. Office: 1028, Shiroli, Rajgurunagar, Pune - 410 505, India Phone : +91 2135 304200 Fax: +91 2135 304370 Website: www.bilcare.com Email: investors@bilcare.com CIN: L28939PN1987PLC043953

More information

NOTICE OF POSTAL BALLOT PURSUANT TO SECTION 110 OF THE COMPANIES ACT, 2013

NOTICE OF POSTAL BALLOT PURSUANT TO SECTION 110 OF THE COMPANIES ACT, 2013 Corporate Identification No. (CIN): L27102MH1994PLC152925 Regd. Office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel.: +91-22-4286 1000; Fax: +91-22-4286 3000 Email id: jswsl.investor@jsw.in;

More information

(CIN:L33117PB1984PLC022350)

(CIN:L33117PB1984PLC022350) Panacea Biotec Limited (CIN:L33117PB1984PLC022350) Regd. Office: Ambala-Chandigarh Highway, Lalru 140 501, Punjab Corp. Office: B-1 Extn./G-3, Mohan Co-operative Indl. Estate, Mathura Road, New Delhi -

More information

HDFC STANDARD LIFE INSURANCE COMPANY LIMITED

HDFC STANDARD LIFE INSURANCE COMPANY LIMITED HDFC STANDARD LIFE INSURANCE COMPANY LIMITED Registered Office: 13 th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai- 400 011 Tel: 022 6751 6666, Fax: 022 67516861 Corporate

More information

4. To offer or invite for subscription of Non-Convertible Debentures on private placement basis

4. To offer or invite for subscription of Non-Convertible Debentures on private placement basis Notice STERLITE POWER TRANSMISSION LIMITED CIN - U74120PN2015PLC156643 Registered Office: 4 th Floor, Godrej Millennium, 9 Koregaon Road, Pune, Maharashtra - 411001. Corporate Office : F-1, Mira Corporate

More information

INDOFIL INDUSTRIES LIMITED

INDOFIL INDUSTRIES LIMITED INDOFIL INDUSTRIES LIMITED CIN:U24110MH1993PLC070713 Regd. Office: Kalpataru Square, 4 th floor, Kondivita Road, Off. Andheri Kurla Road, Andheri (East), Mumbai 400 059 Tel : +91 22 6663 7373, Fax : +91

More information

NOTICE. do and perform all such other acts, deeds and things as may be necessary or desirable to give effect to the foregoing resolution

NOTICE. do and perform all such other acts, deeds and things as may be necessary or desirable to give effect to the foregoing resolution IL&FS Engineering and Construction Company Limited and Reduced Registered Office : Door No 8-2-120/113/3/4F, Sanali Info Park, Cyber Towers, NOTICE is hereby given that an EXTRAORDINARY GENERAL MEETING

More information

NOTICE. Special Business: Ordinary Business: 1. To consider and adopt:

NOTICE. Special Business: Ordinary Business: 1. To consider and adopt: NOTICE Notice is hereby given that the Eleventh Annual General Meeting of the Members of YES BANK Limited (the Bank ) will be held on Saturday, June 6, 2015 at 11.00 A. M., at Hall of Culture, Ground Floor,

More information

Jindal Stainless (Hisar) Limited

Jindal Stainless (Hisar) Limited Jindal Stainless (Hisar) Limited (Formerly: Jindal Stainless (Hisar) Private Limited, KS Infra Tower and Landmark Private Limited) (CIN: U27205HR2013PLC049963) Regd. Office: O.P. Jindal Marg, Hisar 125

More information

NOTICE. (1) To approve re-appointment and remuneration of Mr. RCM Reddy as Managing Director of the Company

NOTICE. (1) To approve re-appointment and remuneration of Mr. RCM Reddy as Managing Director of the Company IL&FS Education & Technology Services Limited Registered office: The IL&FS Financial Centre, 3rd Floor, Quadrant C, Plot C-22, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai, 400 051 Corporate Identification

More information

AstraZeneca Pharma India Limited

AstraZeneca Pharma India Limited AstraZeneca Pharma India Limited Registered Office: Block N1, 12 th Floor, Manyata Embassy Business Park, Rachenahalli, Outer Ring Road, Bangalore - 560045 CIN: L24231KA1979PLC003563, Web: www.astrazeneca.com/india

More information

ANG INDUSTRIES LIMITED

ANG INDUSTRIES LIMITED ANG INDUSTRIES LIMITED Regd. office : 101-106 Sharda Chamber-IV, Plot No. 42, 3 Local Shopping Complex Kalkaji, New Delhi-110019. CIN : L51909DL1991PLC045084, Email : marketing@angindustries.com NOTICE

More information