JODHPUR VIDYUT VITRAN NIGAM LTD. ANNUAL STATEMENTS OF ACCOUNTS

JODHPUR VIDYUT VITRAN NIGAM LTD. ANNUAL STATEMENTS OF ACCOUNTS 2015-16

I. SIGNIFICANT ACCOUNTING POLICIES Company Overview JODHPUR VIDYUT VITRAN NIGAM LIMITED (JDVVNL/Jodhpur Discom) a company under the Companies Act, 2013 and registered with Registrar of Companies established on 19 July, 2000 by Govt. of Rajasthan under the provisions of the Rajasthan Power Sector Reforms Act, 1999 as the successor company of RSEB. JdVVNL is engaged in distribution and supply of electricity in 10 districts of Rajasthan, namely Jodhpur, Pali, Sirohi, Jaisalmer, Barmer, Hanumangarh, Sriganganagar, Bikaner, Churu and Jalore as well as Ladnu tehsil of Nagaur district. 1 General: - The Financial Statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) and applicable provisions of Electricity Act, 2003 under the historical cost convention on the accrual basis except those with significant uncertainty. GAAP comprises mandatory Accounting Standards as prescribed by the Companies (Accounting Standards) Rules, 2006 and the provisions of the Companies Act,2013. 2 Accounting policies have been consistently followed except where accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use or management decides otherwise on the basis of merits of facts. Use of Estimates: The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as soon as the Management becomes aware of changes in circumstances affecting the estimates. Changes in estimates are reflected in the financial statements in the period in which changes have taken place. 3 Fixed Assets and Capital work in progress: (a) The Fixed Assets have been taken at the transfer price in respect of the assets transferred by the State Govt. vide Gazette Notification dated 17.01.2002 and 18.01.2002 and those created subsequently by the company at standard cost including appropriate expenses Capitalized less depreciation thereof. (b) A Block Assets register showing the categories of Fixed Assets as on 19.07.2000 (i.e. the transfer date), their lives and the amount of depreciation charged / withdrawn year wise in respect of erstwhile RSEB has been maintained by RRVPNL till F.Y. 2004-05, and there after it is transferred to concerned Discoms, hence depreciation charged accordingly. (c) As per the accounting policy followed by the Company, consumer contribution, grants and subsidies (including BPL subsidy under RGGVY ) towards cost of capital assets, which are accounted for on Cash basis are transferred to deferred income and the same is being amortized in 25 years. (d) i) Capital expenditure incurred under RGGVY scheme, during the year has been transferred to fixed assets fully and for the purpose of calculation of depreciation, amount to the extent of month wise is considered. ii) Other than works under RGGVY scheme, the works completed at different dates have been transferred to fixed assets duly certified by the circle SEs. (iii) The details/inventory of closing CWIP (incomplete work order wise with value) are prepared (Sub-division & Circle wise) based on as per SINs of material issued for capital works plus erection charges paid with reference to CLRC work orders, value of incomplete TW, Civil works and Ground balances. (e) (f) Fixed assets retired from active use and held for disposal is shown as Assets not in use and same is valued at 10% of the latest auction rates. In absence of specific detailed records for bifurcation of Employees Cost and Office & Administration expenditure attributable to capital works or O&M works, capitalization of Employees cost and Office & administration expenditure is made in the following manner to keep uniformity in adherence by the accounting units :

(g) (h) (i) (j) (k) M.M. TW All O&M Circles, EA-Cash Name of the accounting units Capitalization of Employees Cost (Excluding Terminal benefits) and Office & Administration Exp. 90% 100% 30% Amount arrived on above basis have been amortised on proportionate basis on all works except turnkey works, no expenses in this account have been capitalised on turnkey works. Materials lying at site for capital works are being shown as Capital Work in Progress. Expenditure on renovation and modernization of fixed assets resulting in increased life and/or efficiency of an existing asset is added to the capital cost of the related assets. Cost of the land is capitalized after allotment and possession taken over by the Company. Consumer Contribution for Service Connection & Line, Capital grants and subsidies towards cost of capital assets & Connectivity have not been reduced from the cost of assets. The same has been treated as Deferred Revenue Income which is being written off in 25 years from the year of receipt. The Depreciation pertaining to such fixed assets is fully charged to revenue. Contribution received from various organisations/government bodies towards capital works has been shown under the head "Deposit For Electrification". The same has been transferred to Consumer Contribution for Service Connection & Line on completion of respective work & subsequently being written off in 25 years. 4 Depreciation and amortization: (a) Depreciation on fixed assets is charged on Straight Line Method and allocated over the useful life of the asset. The fixed assets are depreciated up to 90% of the original cost. (b) Depreciation on addition/deductions from fixed assets during the year is charged on pro rata basis from the month in which the asset is available for use. (c) Till 2006-07, depreciation on the assets has been charged at the rates notified by the Govt. of India under the Electricity (Supply) Act, 1948 vide notification No.S.O.266 (E), dated 29.03.1994. From the FY 2007-08, the depreciation on the assets has been charged at the rates notified by the Forum of Regulators on dated 23-06-2006 in pursuance to Para 5.3(c) of the Tariff Policy issued by the Ministry Of Power, GOI on dated 06-01-2006 and duly accepted by the RERC. From F.Y. 2014-15, the provisions and methodology of depreciation/amortization prescribed in RERC Tariff regulations- 2014 have been adopted. Consequently, useful life of the assets/depreciation rates in respect of fixed assets acquired upto 31st March, 2014, have been recalculated so that balance depreciable amount is charged over the revised remaining useful life of the assets. The rates/useful life as applied for depreciation are different from the rates prescribed under Schedule II to the Companies Act, 2013. The rates applied for depreciation are as under:- S.No. 1 2 3 4 5 6 7 8 9 Rate of Depreciation Building 3.34% Other Civil Works 3.34% Plant & Machinery 5.28% Lines & Cable Networks 5.28% Vehicles 9.50% Furniture & Fixtures 6.33% Office Equipment 6.33% IT Equipment 15.00% IT/SCADA software 9.00% (d) (e) (f) No depreciation is charged by the company on the assets which had been sold and taken back on lease keeping in view the terms of agreement entered into by erstwhile RSEB with lessors. Cost of Lease hold land acquired during company period is amortized over the period of 99 years. Depreciation on the assets transferred through Financial Restructuring Plan (FRP) by the State Government i.e. as on 19.07.2000 is charged on the block of the assets at the general applicable rate approved by the RERC.

5 6 Borrowing Costs: The interest on borrowed funds attributable to acquisition/construction of fixed assets, till commissioning of such assets, has been capitalized. During the year, the actual interest on long term funds for a period of FOUR months has been allocated on fixed assets under construction considering the construction period as FOUR months. Stores and Spares: (a) The Inventories are being held for use in Capital works partly for O&M works and not for sale. Therefore, in view of the paragraph 24 of the AS 2- (Revised), requirement of valuation of Inventories at the lower of Cost and net realizable value is not applicable. (b) (c) All receipts and issues from stores are valued at Standard Issue Rate. The difference in actual cost of material received and standard issue rate represents "Material Cost Variance" (MCV). Balance of Material Cost Variance has been transferred to Fixed Assets in the ratio of opening CWIP plus addition during the year to transfer to Fixed Assets in transformers and lines only. (d) Inventories of Misc. Scrap & Empties are not valued being insignificant. 7 Revenue Recognition: (a) Revenue from sale of power has been accounted for on accrual basis. (b) Sale of energy to the consumers is accounted for on the basis of tariff rates as notified by the RERC from time to time. 8 9 (c) (d) (e) (f) (g) (h) The Surcharge for delayed / non-payment of dues by sundry debtors for sale of energy is recognized when it becomes due on account of non- payment. Provision for unbilled Revenue from sale of power is made for the period of 31 days in case of Large Industrial, MIP, SIP (U) consumers and on a proportionate basis of 56.5 days in case of other consumers, as per the decision taken in the 48th Co-ordination Committee meeting. Sale of Energy through IEX/PXIL has been accounted for on accrual basis and shown separately in the Sub Note 21.1 of Statement of Profit & loss. Past Billing adjustments have been accounted for in current year's revenue. Interest on dues from consumers after date of disconnection is accounted for on receipt basis. Recoveries of theft of power/malpractice have been treated as revenue income of the year in which the assessment has been finalized and debited to consumers account. Deferred Revenue Expenses: Deferred Revenue Expenses are written off equally over a period of five years and charged to revenue. However, deferred revenue expenses pertaining to restructuring of high cost loans are being written off in the ratio of saving accrued on such loans over the currency of the loans except in case of PFC/REC loans, which is being written off equally over the remaining period of currency of loans. Employee Benefits: The employee benefits are accounted for as per the provisions of AS 15 on the basis of categories in which the employees are covered namely defined contribution plan & defined benefits plan. In respect of benefits covered under the defined contribution plan namely the provident fund, the employer contribution paid with the PF commissioner is recognized as the expenditure of the year. In respect of the benefits covered under the defined benefit plan namely pension and gratuity, the expenditure is recognized on the basis of present value of obligations as on the date of balance sheet as per the actuarial valuation. 10 Government Grants, Subsidies and Subventions (a) Subvention against ED is accounted for on the basis of sanctions received from GOR to the extent of overall E.D payable in the books of accounts remaining amount of sanction, if any, shall be recognized in forth coming year. Cash support and Subsidy against interest etc. are accounted for on basis of sanction received from GOR. (b) Differential Interest Subvention on World Bank loan and subsidy against interest on bonds are being accounted for on accrual basis.

(c) Keeping in view the commitment of GoR in Financial Restructuring Plan (FRP), 2005 and reiterated vide MoU executed on dated 26.10.2009, Revenue Gap upto 2008-09 Rs.5249.74 crore has been depicted as subvention receivable from the State Government. However, considering the subvention disbursement schedule decided in the State Cabinet meeting dated 19.10.2011 and also recognized in FRP-2013 Rs.2303 crore which would remain unfunded till 2022 has been reversed and shown as loss in FY 2011-12. Thus, net Rs.2946.74 crore has been considered as subvention receivable from the State Government against which committed amount is being disbursed by the GoR regularly. 11 12 13 Impairment of Assets: The Management has periodically assessed using internal sources, whether there is an indication that an asset may be impaired. An impairment loss is recognized wherever the carrying value of an asset exceeds its recoverable amount. The recoverable amount is higher of the asset s net selling price and value in use, which means the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. An impairment loss for an asset is reversed if, and only if, the reversal can be related objectively to an event occurring after the impairment loss was recognized. The carrying amount of an asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years. Provision, Contingent Liabilities and Contingent Assets: A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Contingent liabilities are not provided for in the accounts and are separately shown in the Notes on Accounts to the extent ascertained. Contingent assets are neither recognized nor disclosed in the financial statements. Cash Flow Statement: Cash Flow Statement is prepared in accordance with the indirect method prescribed under the provisions of Accounting Standard 3-Cash Flow Statement. 14 Taxes on Income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized on timing difference; being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Where there is unabsorbed depreciation or carry forward losses, deferred tax asset are recognized only if there is virtual certainty of realization of such assets. Other deferred tax assets are recognized only to the extent there is reasonable certainty of realization in future. 15 Earning per share: Basic earning per share is computed by dividing the profit/(loss) after tax (including the post tax effect of extra ordinary items, if any) by the weighted average number of equity shares outstanding during the year. 16 Miscellaneous (a) Expenses on training and recruitment, research and development are charged to Statement of Profit & loss. (b) (c) (d) (f) (g) (h) Expenses relating to obtaining finance are charged to Statement of Profit & loss in the year in which these are incurred. Interest on loans and advances to staff are recovered on completion of recovery of principal amount and credited at the time of computation of interest amount /clearance of dues. Amount received from other distribution companies on account of exchange of power is netted off from the cost of Power Purchase. Fixed assets (except vehicles)are not insured. Cash including Cash in transit and Circle stores are insured. The provision for bad and doubtful debts has been considered adequate to the extent of 50% of amount of sundry debtors for Nigam s dues (PDC) by the management. The provision for loss due to theft of fixed assets have been considered equivalent to the book value of stolen fixed assets and same have been depreciated to the extent of 50% of its value. Accordingly loss to the extent 50% amount have been booked into statement of profit & loss from FY 2015-16.

II. NOTES TO THE FINANCIAL STATEMENTS AS ON 31ST MARCH, 2016 SHAREHOLDERS' FUNDS JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 1 :- Share Capital Account Code As at 31.03.2016 As at 31.03.2015 Authorised Share Capital 1200,00,00,000 Equity shares of Rs. 10 each Issued,Subscribed & Paid Up Share Capital 492,59,97,000 Equity shares of Rs.10 each 1,20,00,00,00,000 60,00,00,00,000 54.600 49,25,99,70,000 35,87,42,42,000 49,25,99,70,000 35,87,42,42,000 1.1 The Company has only one class of shares referred to as equity shares having a par value of Rs. 10. Each holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company. 1.2 In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after the distribution of all preferential amounts. 1.3 Reconciliation of the number of Equity shares At the beginning of the year Add: Interest Free Loan Converted into Equity Add: Conversion of Bonds in to Equity Add: Issued during the year in cash At the end of the year Number of Shares Year 2015-16 Year 2014-15 3,58,74,24,200 3,29,40,90,000 30,81,90,000-64,34,02,800-38,69,80,000 29,33,34,200 4,92,59,97,000 3,58,74,24,200 1.4 The Company is a Government Company with 100% share holding by the Government of Rajasthan and it's nominee. All shares are issued at par of value Rs. 10 each and are general equity share having equal rights for dividend and vote.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 2:- Reserves & Surplus Account Code As at 31.03.2016 As at 31.03.2015 (a) Reserve for Material Cost Variance 56.610 Opening Balance 22,56,56,858 32,80,63,217 Add: Difference of Standard rate & Actual Rate -28,39,74,591 7,16,05,017 Less: Transfer during the Year 3,23,54,678 17,40,11,376 Closing Balance -2,59,63,055 22,56,56,858 (b) Other Reserves 56.630 Opening Balance (Refer Note No. 2.2) 17,31,35,069 17,31,35,069 (c) Capital Reserve 56.200 Opening Balance 57,15,521 57,15,521 Add: Profit/Loss transferred from Statement of Profit & Loss 0 0 Closing Balance 57,15,521 57,15,521 (d) Surplus 58.210 Opening balance (2,67,36,45,07,306) (2,25,90,32,85,128) Add: Profit/Loss transferred from Statement of Profit & Loss (32,73,86,55,265) (41,46,12,22,178) Closing Balance (3,00,10,31,62,571) (2,67,36,45,07,306) (2,99,95,02,75,036) (2,66,95,99,99,858) 2.1 Material Cost Variance is transferred to fixed assets in the ratio of assets completed during the year. 2.2 Other Reserves show the balance on account of Allocation error at the time of unbundling of RSEB in the year 2000. 3:- Share Application Money Pending Allotment Account Code As at 31.03.2016 As at 31.03.2015 Opening Balance 54.700 6,74,81,28,000 Add: Interest Free Loan Converted into Equity 3,08,19,00,000 Add: Issued during the year in cash 4,00,42,00,000 4,07,50,70,000 Add:Released by way of conversion against bonds 18,31,57,39,000 5,60,64,00,000 Less:Share Capital issued during the year(refer note 3.2) (13,38,57,28,000) (2,93,33,42,000) Closing Balance 18,76,42,39,000 6,74,81,28,000 3.1 The Company is having share application money which is pending for allotment Rs. 18,764,239,000 (Previous year amount Rs. 674,812,800 ) shares at par Rs. 10 each to Government of Rajasthan. GoR has not released the freezed amount of Rs.31.41 crore (PY NIL) from opening share application money pending alotement so shares could not be issued of that amount. 3.2 Details of share issued during the year As at 31.03.2016 As at 31.03.2015 Interest Free Loan Converted into Equity 3,08,19,00,000 Issued during the year in cash 3,86,98,00,000 2,93,33,42,000 Issued from last year's pending alotment 6,43,40,28,000 Closing Balance 13,38,57,28,000 2,93,33,42,000

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 4:- Deferred CC & SL /Subsidy /Grants Opening Balance Add: Transfer from Deposit Works during the year Less: Adjustment of previous year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (v) Consumer Contribution for Service line 2013-14 Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (vi) Consumer Contribution for Service line 2014-15 Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (vii) Consumer Contribution for Service line 2015-16 Opening Balance Add: Transfer from Deposit Works during the year Closing Balance Deferred Govt. Grants, Subsidies, Contributions Deferred Income (i) Consumer Contribution for Service Line Opening Balance Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (ii) Consumer Contribution for Service line 2010-11 Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (iii) Consumer Contribution for Service line 2011-12 Opening Balance Add: Transfer from Deposit Works during the year Less: Deferred Income Transferred to Statement of Profit & loss Closing Balance (iv) Consumer Contribution for Service line 2012-13 Less: Deferred Income Transferred to Statement of Profit & loss (viii) Deferred Revenue for Power Reforms Opening Balance Less: Transferred to Statement of Profit & loss Closing Balance Account Code 55.610 55.611 55.612 55.613 55.614 55.615 As at 31.03.2016 As at 31.03.2015 55.616-55.620 7,04,24,99,754 7,49,20,00,836 44,95,01,083 44,95,01,082 6,59,29,98,671 7,04,24,99,754 1,48,46,19,534 1,55,88,50,509-7,42,30,975 7,42,30,975 1,41,03,88,559 1,48,46,19,534 2,09,20,40,929 2,19,17,00,289 9,96,59,360 9,96,59,360 1,99,23,81,569 2,09,20,40,929 2,32,76,05,568 2,43,32,45,828-10,56,40,259 10,56,40,260 2,22,19,65,309 2,32,76,05,568 3,75,16,71,368 3,91,47,87,517.00 16,31,16,147 16,31,16,149 3,58,85,55,221 3,75,16,71,368 2,74,00,14,417 2,85,41,81,686 11,41,67,269 11,41,67,269 2,62,58,47,148 2,74,00,14,417 3,21,07,29,330 12,84,29,175 3,08,23,00,155 8,30,57,280 8,82,48,360 51,91,080 51,91,080 7,78,66,200 8,30,57,280

(ix) Deferred Income Cost capital Subsidy Opening Balance Less: Transferred to Statement of Profit & loss Closing Balance 55.600 1,76,40,449 1,91,85,419 15,44,970 15,44,970 1,60,95,479 1,76,40,449 (x) Deferred grant capital Assets 55.800 Opening Balance 1,83,17,87,667 1,94,55,46,098 Less: Transferred to Statement of Profit & loss 11,37,58,431 11,37,58,431 Closing Balance 1,71,80,29,236 1,83,17,87,667 (xi) Deferred Revenue Income from Govt. Grant 2010-11 55.801 Opening Balance Add: Addition made during the year 77,74,15,809 81,47,58,502 - Less: Transferred to Statement of Profit & loss 3,73,42,693 3,73,42,693 Closing Balance 74,00,73,116 77,74,15,809 (xii) Capital Grant For Connetivity 55.810 Opening Balance Add: Addition made during the year - 2,61,19,12,842 - Less: Transferred to Statement of Profit & loss 10,44,76,514 - Closing Balance 2,50,74,36,328-26,57,39,36,991 22,14,83,52,775 4.1 Amount received from consumers against new connection is credited to Consumers Contribution towards Service Line account immediately without waiting for completion reports & being written off in 25 years. 4.2 Amount of Rs. 122.09 crore (PY Nil) capital grant for connectivity and amount of Rs. 139.09 crore (PY : NIL) Capital grant for RGGVY Works have been received during the year which has been amortized 1/25th of the total amount received during the year as per the policy stated at Significant Accounting Policies- 3(j).

NON- CURRENT LIABILITIES 5 :- Long-Term Borrowings JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Details As at 31.03.2016 Details As at 31.03.2015 A. Term Loans From Banks :- Secured- See Description Note 5 (i) - 1,15,69,18,74,478 From Others :- Secured-See Description Note 5 (ii) 4,86,97,66,959 3,99,93,31,195 Unsecured-See Description Note 5 (iii) 2,05,23,21,99,387 2,10,10,19,66,346 79,07,97,41,392 83,07,90,72,587 Bonds-9.95 % ( Unsecured, Taxable, B. Redeemable, GoR guaranteed Non Convertible Bonds in the nature of Debenture) (52.110) As per FRP scheme, the State Govt. is required to take over the unsecured bonds issued (face value of Rs. 1,00,000 each) by discoms of Rs. 5576.03 crore to various banks (Refer Note 5(i)) and power suppliers by issuing special securities in phased manner within 5 year of the scheme. (2013-14) Rs.1036.91 crore has been taken over by government as per Notification No. F5 (10) FWM/2013 dated 14.03.2014 & No. F5 (10) FWM/2013 dt. 7.03.2014 during F.Y. 2013-14. (2014-15) Rs. 560.64 crore has been taken over by GoR as per Notification No. F5 (10) FWM/2013 dated 17.10.2014 & No. F5 (10) FWM/2013 dated 15.01.2015 during F.Y.2014-15. (2015-16) Rs. 838.20 crore has been taken over by GoR on dated 19.05.2015 and Rs. 2861.79 crore has been repayment made by Discom on dated 30.03.2016 by Converting into 9.70% Bonds under UDAY Scheme notified by GoI vide letter dated 20.11.2015. Bonds- 9.70% ( Unsecured Taxable, C. Redeemable, Non Convertible Bonds in the nature of Debenture) As per UDAY Scheme notified by GoI dated 20.11.2015 Discom has repaid their WCTL loan of banks Rs. 3841.67 crore and 9.95 % bonds of Rs. 2861.79 Crore total amounting to Rs.6703.46 cr. by converting into 9.70% bonds on dated 30.03.2016. Againt this, the GoR has taken over Rs. 173.43 crore loan of OBC and Indian bank and Rs. 2815.05 cr against 9.70% bonds on dated 31.03.2016 by way of Equity Rs. 993.37 cr. and Rs. 1995.11 cr loan under UDAY. Rs. 0.04 crore has been repaid by Discom on dated 31.03.2016 due to round off of Bonds. 2,78,49,00,000 39,78,48,00,000 38,88,37,00,000 2,51,77,05,66,346 2,38,55,57,47,065

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5 (i) : Descriptive details of Term Loan from Banks - Secured S. Account No. Code (i) ICICI Bank 50.971 Term Loan I Earlire it was repayable in 7 Yearly installments of Rs. 1,19,09,524 upto 31.03.2022. First Installment was payble from 31.03.2016. Term Loan II Earlire it was repayable in 7 Yearly installments of Rs. 1,35,71,429 upto 31.03.2022. First Term Loan III Earlier it was repayable in 7 Yearly installments of Rs. 64,28,571 upto 31.03.2022. First Term Loan IV The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Eariler it was repayable in 7 Yearly installments of Rs. 2,12,42,857 upto 31.03.2022 & First Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 yearly installment of Rs. 14,500,000 upto 23.10.2022 & First Installment would have been payable from 23rd of Oct.2016. Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 yearly installment of Rs. 3,400,000 upto 19.12.2024 & First Installment woyld have been payable from 19th of Dec.2018. As at 31.03.2016 As at 31.03.2015-8,33,66,666-9,50,00,000-4,50,00,000-14,87,00,000-10,15,00,000-2,38,00,000 Sub (i) - 49,73,66,666 (ii) Allahabad Bank 50.830 Term Loan I - 33,33,00,000 Earlier it was repayable in 7 yearly installment of Rs. 4,76,14,286 upto 31.03.2022 & First Installment was payable from 31st of March.2016. Term Loan II Earlier it was repayable in 7 yearly installment of Rs.7,14,28,571 upto 31.03.2022 & First Installment was payable from 31st of March.2016. Term Loan III The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 yearly installment of Rs. 1,17,57,143 upto 31.03.2022. & First Installment was payable from 31st of March.2016. Term Loan IV Earlier it was repayable 7 yearly installment of Rs. 7,75,00,000 upto 31.03.2022. First Installment was payable from 31st of March.2016. Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installment of Rs.5,29,00,000 upto 30.09.2023 & First Installment would have been payable from 30st of Sept.2017. - 50,00,00,000-8,23,00,000-54,25,00,000-37,03,00,000 Term Loan VI - 8,68,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installment of Rs.1,24,00,000 upto 17.09.2024 & First Installment would have been payable from 17th of Sept.2018.) Sub (ii) - 1,91,52,00,000 (iii) State Bank of Bikaner & Jaipur 50.832 Term Loan I - 1,00,00,00,000

Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan II Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022. & First Term Loan III Earlier it was repayable in 7 Yearly installments of Rs. 3,32,85,714 upto 31.03.2022 & First Term Loan IV The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 21,80,28,571 upto 31.03.2022 & First Term Loan V The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installment of Rs. 14,87,00,000 upto 21.10.2022 & First Installment would have been payable from 21st of Oct.2016. - 1,00,00,00,000-23,30,00,000-1,52,62,00,000-1,04,09,00,000 Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installment of Rs. 34,842,857 upto 15.09.2024-24,39,00,000 & First Installment would have been payable from 15th of Sept..2018. Sub (iii) - 5,04,40,00,000 (iv) Bank of Maharastra 50.843 Term Loan I - 33,66,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,80,95,238 upto 31.03.2022. First Term Loan II Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan III Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022. & First Term Loan IV Earlier it was repayable in 7 yearly installment of Rs. 2,60,57,143 upto 31.03.2022 & First Term Loan V Earlier it was repayable in 7 yearly installment of Rs. 17,05,14,286 upto 31.03.2022 & First Term Loan VI The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs.11,63,85,714 upto 24.09.2022 & First Installment would have been payable from 24th of Sep.2016. - 50,00,00,000-1,00,00,00,000-18,24,00,000-1,19,36,00,000-81,47,00,000 Term Loan VII - 19,09,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs.2,72,71,429 upto 30.09.2024 & First Installment would have been payable from 30th of Sep.2018. Sub (iv) - 4,21,82,66,667 (v) Dena Bank 50.821 Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan II - 1,00,00,00,000

Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan III - 19,77,00,000 Earlier it was repayable in 7 yearly installment of Rs. 2,82,42,857 upto 31.03.2022 & First Term Loan IV - 1,30,21,00,000 Earlier it was repayable in 7 yearly installment of Rs. 18,60,14,286 upto 31.03.2022 & First Term Loan V - 88,87,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 12,69,57,143 upto 24.09.2023 & First Installment would have been from 24th of Sep. 2017. Term Loan VI - 20,83,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 29,757,143 upto 18.12.2024 & First Installment would have been from 18th of Dec. 2018. Sub (v) - 4,59,68,00,000 (vi) Punjab National Bank 50.834 Term Loan I - 30,74,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 4,39,14,286 upto 31.03.2022 & First Term Loan II - 64,28,14,286 Earlier it was repayable in 7 Yearly installments of Rs. 9,18,30,612 upto 31.03.2022 & First Term Loan III - 2,50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 35,71,42,857 upto 31.03.2022 & First Term Loan IV - 2,02,99,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 28,99,85,714 upto 31.03.2022 & First Term Loan IV - 1,39,83,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 19,97,57,143 upto 20.09.2022 & First Installment would have been payable from 20th Sep.2016. Term Loan V - 32,73,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 46,757,143 upto 24.11.2024 & First Installment would have been payable from 24th Nov.2018. Sub (vi) - 7,20,57,14,286 (vii) Vijaya Bank 50.835 Term Loan I - 33,33,66,666 Earlier it was repayable in 7 Yearly installments of Rs. 4,76,23,809 upto 31.03.2022 & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto31.03.2022 & First Term Loan III - 13,18,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 1,88,28,571 upto 31.03.2022 & First Term Loan IV - 86,21,00,000

Earlier it was repayable in 7 Yearly installments of Rs. 12,31,57,143 upto 31.03.2022 & First Term Loan V - 58,93,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 8,41,85,714 upto 24.09.2022 & First Installment would have been payable from 24th Sep.2016. Term Loan VI - 13,87,00,000 The entire loan has been converted into Discom bonds and taken over by GoR on dated 30.03.2016. Earlier it was repayable in 7 Yearly installments of Rs. 19,814,286 upto 17.12.2024 & First Installment would have been payable from 17th Dec..2018. Sub (vii) - 3,05,52,66,666 (viii) Syndicate Bank 50.836 Term Loan I - 8,32,66,666 Earlier it was repayable in 7 Yearly installments of Rs. 1,18,95,238 upto 31.03.2022 & First Installment will start from 31.03.2016. Term Loan II - 8,32,66,666 Earlier it is repayable in 7 Yearly installments of Rs. 1,18,95,238 upto 31.03.2022 * First Term Loan III - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan V 16,63,00,000 16,63,00,000 (Repayable in 6 Half Yearly installments of Rs. 5,49,16,667 upto 30.09.2016 & secured against Escrow & Hypothecation of Assets. However amount of Rs. 16,32,00,000 has been converted into bonds and the terms of repayment has been restructured during the Financial Year 2013-14 and it is repayable in 7 Yearly installments of Rs. 2,37,57,143 upto 31.03.2022. First Installment has been started from 31.03.2016.) Term Loan VI - 1,08,50,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 15,50,00,000 upto 31.03.2022 & First Term Loan VII 74,14,00,000 74,14,00,000 (Repayable in 7 Yearly installments of Rs.10,59,14,286 upto 01.04.2021 & secured against Escrow & Hypothecation of Assets. First Installment has been started from 1st of Apr.2015.) Term Loan VIII 17,38,00,000 17,38,00,000 (Repayable in 7 Yearly installments of Rs.24,828,571 upto 19.12.2024 & secured against Escrow & Hypothecation of Assets. First Installment will start from 19th of Dec.2018.) Sub (viii) 1,08,15,00,000 3,83,30,33,332 (ix) UCO Bank 50.837 Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan II - 16,66,33,334 Earlier it was repayable in 7 yearly installment of Rs. 2,38,04,762 upto 31.03.2022 & First Term Loan III - 1,80,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 25,71,42,857 upto 31.03.2022 & First Term Loan IV - 1,50,00,00,000

Earlier it was repayable in 7 yearly installment of Rs. 21,42,85,714 upto 31.03.2022 & First Term Loan V - 44,15,00,000 Earlier it was repayable in 7 yearly installment of Rs. 6,30,71,429 upto 31.03.2022 & First Term Loan VI - 2,90,79,00,000 Earlier it was repayable in 7 yearly installment of Rs. 41,54,14,286 upto 31.03.2022 & First. Term Loan VII - 1,98,51,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 28,35,85,714 upto 28.09.2022 & First Installment would have been payable from 28th of Sept. 2016. Term Loan VIII - 46,52,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 66,457,143 upto 28.03.2025 & First Installment would have been payable from 28th of March.2019. Sub (ix) - 10,26,63,33,334 (x) Indian Bank 50.838 Term Loan I - 33,33,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,23,810 upto 31.03.2022 & First Term Loan II - 9,88,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,41,14,286 upto 31.03.2022 & First Term Loan III - 22,52,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,21,71,429 upto 31.03.2022 & First Term Loan IV - 10,03,00,000 Earlier it was (Repayable in 7 Yearly installments of Rs.1,43,28,571 upto 01.04.2021 & First Term Loan V 2,89,00,000 22,22,00,000 (Repayable in 7 Yearly installments of Rs.3,17,42,857 upto 26.09.2022 & secured against Escrow & Hypothecation of Assets. First Installment will start from 26th of Sep. 2016.) Term Loan VI - 5,21,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.7,442,857upto 11.12.2024 & First Installment would have been payable from 11th of Dec. 2018. Sub (x) 2,89,00,000 1,03,19,66,667 (xi) Bank of India 50.839 Term Loan I - 57,34,00,000 Earlier it was repayable in 7 yearly installment of Rs. 8,19,14,286 upto 31.03.2022 & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan IV - 1,33,00,00,000

Earlier it was repayable in 7 yearly installment of Rs. 19,00,00,000 upto 31.03.2022 & First Term Loan V - 85,66,00,000 Earlier it was repayable in 7 yearly installment of Rs. 12,23,71,429 upto 31.03.2022 & First Term Loan VI - 2,82,10,00,000 Earlier it was repayable in 7 yearly installment of Rs. 40,30,00,000 upto 31.03.2022 & First Term Loan VII - 1,92,48,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 27,49,71,429 upto 01.04.2021 & First Installment would have been payable from 31.03.2016. Term Loan VIII - 45,11,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.64,442,857 upto 28.01.2025 & First Installment would have been payable from 28th Jan. 2019. Sub (xi) - 9,95,69,00,000 (xii) Canara Bank 50.840 Term Loan I - 37,50,00,000 Earlier it was repayable in 7 yearly installment of Rs. 5,35,71,429 upto 31.03.2022 & First Term Loan II - 16,89,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installment of Rs. 2,41,28,571 upto 01.10.2022. First Installment would have been payable from 1st Oct.2016. Term Loan III - 3,96,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.5,657,143 upto 16.09.2024 & First Installment would have been payable from 16th Sept. 2018. Sub (xii) - 58,35,00,000 (xiii) Punjab & Sind Bank 50.841 Term Loan I - 16,64,33,334 Earlier it was repayable in 7 Yearly installments of Rs. 2,37,76,191 upto 31.03.2022 & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan V - 26,36,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 3,76,57,143 upto 31.03.2022 & First Term Loan VI - 1,73,61,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 24,80,14,286 upto 31.03.2022 & First Term Loan VII - 1,18,58,00,000

The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs 16,94,00,000 upto 25.09.2022 & First Installment would have been payable from 25th of Sep.2016. Term Loan VIII - 27,77,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs 39,671,429 upto 18.09.2024 & First Installment would have been payable from 18th of Sep.2018. Sub (xiii) - 6,12,96,33,334 (xiv) Karnataka Bank Ltd. 50.842 Term Loan I - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan III - 9,88,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,41,14,286 upto 31.03.2022 & First Term Loan IV - 65,10,00,000 Earlier it was repayable in 7 yearly installment of Rs. 9,30,00,000 upto 31.03.2022 & First Term Loan V - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 6,34,85,714 upto 24.09.2022 & First Installment would have been payable from 24th of Sep.2016. Term Loan VI - 10,42,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 148,85,714 upto 30.09.2024 & First Installment would have been payable from 30th of Sep.2018. Sub (xiv) - 2,29,84,00,000 (xv) Union Bank of India 50.844 Term Loan I - 37,50,00,001 Earlier it was repayable in 7 yearly installment of Rs. 5,35,71,429 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. Term Loan II - 2,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 28,57,14,286 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. Term Loan IV - 1,50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 21,42,85,714 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. Term Loan V - 48,16,00,000 Earlier it was repayable in 7 yearly installment of Rs. 6,88,00,000 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. Term Loan VI - 3,17,20,00,000 Earlier it was repayable in 7 yearly installment of Rs. 45,31,42,857 upto 31.03.2022 & First Installment was payable from 31st of Mar.2016. Term Loan VII - 2,16,63,00,000

Earlier it was repayable in 7 Yearly installments of Rs. 30,94,71,429 upto 30.09.2022 & First Installment would have been payable from 30th Sep.2016. Term Loan VIII - 50,77,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 72,528,571 upto 20.02.2025 & First Installment would have been payable from 20th of Feb.2019. Sub (xv) - 11,20,26,00,001 (xvi) Federal Bank 50.845 Term Loan I - 33,33,66,667 Earlier it was repayable in 7 Yearly installments of Rs. 4,76,23,810 upto 31.03.2022 & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan III - 8,24,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 1,17,71,429 upto 31.03.2022 & First Term Loan IV - 54,25,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,75,00,000 upto 31.03.2022 & First Term Loan V - 37,03,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. earlier it was repayable in 7 Yearly installments of Rs. 5,29,00,000 upto 30.10.2022 & First Installment would have been payable from 30th of Oct.2016. Term Loan VI - 8,66,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 12,371,429 upto 30.12.2024 & First Installment would have been payable from 30th of Dec.2018. Sub (xvi) - 1,91,51,66,667 (xvii) Indian Overseas Bank 50.846 Term Loan I - 33,34,00,000 Earlier it was repayable in 7 yearly installment of Rs. 4,76,28,571 upto 31.03.2022 & First Installment was payable from 31st of Mar. 2016. Term Loan II - 89,42,00,000 Earlier it was repayable in 7 yearly installment of Rs.12,77,42,857 upto 31.03.2022 & First Installment was payable from 31st of Mar. 2016. Term Loan III - 12,09,00,000 Earlier it was repayable in 7 yearly installment of Rs. 1,72,71,429 upto 31.03.2022 & First Installment was payable from 31st of Mar. 2016. Term Loan IV - 79,64,00,000 Earlier it was repayable in 7 yearly installment of Rs. 11,37,71,429 upto 31.03.2022 & First Installment was payable from 31st of Mar. 2016. Term Loan V - 54,37,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 7,76,71,429 upto 23.09.2022 & First Installment would have been payable from 23rd of Sep. 2016. Term Loan VI - 12,74,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 18,200,000 upto 29.09.2024 & First Installment would have been payable from 29rd of Sep. 2018. Sub (xvii) - 2,81,60,00,000 (xviii) Corporation Bank 50.847

Term Loan I - 16,67,33,334 Earlier it was repayable in 7 yearly installment of Rs. 2,38,19,048 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan II - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.7,14,28,571 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan III - 33,32,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,09,524 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan IV - 16,95,00,000 Earlier it was repayable in 7 yearly installment of Rs.2,42,14,286 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan V - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan VI - 1,08,50,00,000 Earlier it was repayable in 7 yearly installment of Rs. 15,50,00,000 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan VII - 74,14,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 10,59,14,286 upto 25.09.2023 & First Installment would have been payable from 25th Sep. 2017. Term Loan VIII - 17,36,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 24,800,000 upto 18.12.2024 & First Installment would have been payable from 18th Dec.2018. Sub (xviii) - 3,66,95,00,001 (xix) South Indian Bank 50.848 Term Loan I - 33,54,66,667 Earlier it was repayable in 7 Yearly installments of Rs. 4,79,23,810 upto 31.03.2022 & First Term Loan II - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan III - 9,89,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 1,41,28,571 upto 31.03.2022 & First Term Loan IV - 65,10,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 9,30,00,000 upto 31.03.2022 & First Term Loan V - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 6,34,85,714 upto 03.10.2022 & First Installment would have been payable from 3rd of Oct.2016. Term Loan VI - 10,42,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.14,885,714 upto 16.01.2025 & First Installment would have been payable from 16th of Jan.2019. Sub (xix) - 2,13,39,66,667

(xx) Central Bank of India 50.960 Term Loan I - 16,83,33,334 Earlier it was repayable in 7 Yearly installments of Rs. 2,40,47,619 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan II - 75,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 10,71,42,857 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan III - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan IV - 50,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 7,14,28,571 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan V - 43,50,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 6,21,42,857 upto 31.03.2022 & First Installment was payable from 31st Mar. 2016. Term Loan VI - 6,36,12,54,432 Earlier it was repayable in 42 Quarterly installments of Rs. 15,14,58,439 upto 31.05.2025 & First Installment started from 30th Nov. 2013 Term Loan VII - 2,53,12,50,000 Earlier it was repayable in 27 Quarterly installments of Rs. 9,37,50,000 upto 31.08.2021 & First Installment started from 30th Nov. 2013 Term Loan VIII - 4,47,67,85,712 Earlier it was repayable in 23 Quarterly installments of Rs. 19,46,42,857 upto 31.08.2020 & First Installment started from 30th Nov. 2013. Term Loan IX - 6,16,21,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 88,03,00,000 upto 31.03.2022 & First Installment wa payable from 31st Mar. 2016. Term Loan X - 4,20,74,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 60,10,57,143 upto 31.07.2023 & First Installment would have been payable from 31st Jul. 2017. Term Loan XI - 98,61,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 140,871,429 upto 28.11.2024 & First Installment would have been payable from 28th Nov. 2018. Sub (xx) - 27,57,82,23,478 (xxi) Oriental Bank of Commerce 50.970 Term Loan I - 1,00,41,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,34,42,857 upto 31.03.2022 & First Term Loan II - 1,00,00,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan III - 27,68,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 3,95,42,857 upto 31.03.2022 & First Term Loan IV - 2,00,00,00,000

Earlier it was repayable in 7 Yearly installments of Rs. 28,57,14,286 upto 31.03.2022 & First Term Loan V - 1,82,40,00,000 Earlier it was repayable in 7 Yearly installments of Rs. 26,05,71,429 upto 31.03.2022 & First Term Loan VI 4,64,00,000 1,24,37,00,000 (Repayable in 7 Yearly installments of Rs. 17,76,71,429 upto 30.09.2022 & secured against Escrow & Hypothecation of Assets. First Installment will start from 30th of Sep.2016.) Term Loan VII - 29,16,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 41,657,143 upto 01.10.2024 & First Installment would have been payable from 1st of Oct.2018. Sub (xxi) 4,64,00,000 7,64,02,00,000 (xxii) Bank of Baroda 50.972 Term Loan I - 16,67,00,000 Earlier it was repayable in 7 yearly installment of Rs. 2,38,14,286 upto 31.03.2022 & First Term Loan II - 75,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 10,71,42,857 upto 31.03.2022 & First Term Loan III - 24,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,42,85,714 upto 31.03.2022 & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 14,28,57,143 upto 31.03.2022 & First Term Loan V - 50,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 7,14,28,571 upto 31.03.2022 & First Term Loan VI - 1,58,00,00,000 Earlier it was repayable in 7 yearly installment of Rs. 22,57,14,286 upto 31.03.2022 & First Term Loan VII - 1,07,47,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installments of Rs. 15,35,28,571 upto 26.09.2022 & First Installment would have been payable from 26th Sep 2016. Term Loan VIII - 25,17,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 yearly installments of Rs. 35,957,143 upto 19.09.2024 & First Installment would have been payable from 19th Sep 2018. Sub (xxii) - 5,56,31,00,000 (xxiii) Andhra Bank 50.995 Term Loan I - 33,33,66,667 Earlier it was repayable in 7 yearly installment of Rs. 4,76,23,810 upto 31.03.2022 & First Term Loan II - 23,05,00,000 Earlier it was repayable in 7 yearly installment of Rs. 3,29,28,571 upto 31.03.2022 & First Term Loan III - 1,00,00,00,000

Earlier it was repayable in 7 yearly installment of Rs. 142,857,143 upto 31.03.2022 & First Term Loan IV - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 14,28,57,143 upto 31.03.2022 & First Term Loan V - 1,51,80,00,000 Earlier it was repayable in 7 yearly installment of Rs. 21,68,57,143 upto 31.03.2022 & First Term Loan VI - 1,03,69,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 14,81,28,571 upto 23.09.2022 & First Installment would have been payable from 23th Sep. 2016. Term Loan VII - 24,30,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs. 34,714,286 upto 26.09.2024 & First Installment would have been payable from 26th Sep. 2018. Sub (xxiii) - 5,36,17,66,667 (xxiv) United Bank of India 53.771 Term Loan I - 1,00,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 14,28,57,143 upto 31.03.2022 & First Term Loan II - 19,77,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 2,82,42,857 upto 31.03.2022 & First Term Loan III - 65,00,00,000 Earlier it was repayable in 7 yearly installment of Rs.. 9,28,57,143 upto 31.03.2022 & First Term Loan IV - 44,44,00,000 The entire loan has been converted into Discom bonds and taken over by GoR. Earlier it was repayable in 7 Yearly installments of Rs.6,34,85,714 upto 27.09.2022 & First Installment would have been payable from 27th Sep 2016. Sub (xxiv) - 2,29,21,00,000 Grand [(i) to (xxiv)] 1,15,68,00,000 1,30,80,50,04,433 Less: Current Maturities (Carried to Note No.9.1) (i) ICICI A) Term Loan I 1,19,09,524 B) Term Loan II 1,35,71,429 C) Term Loan III 64,28,571 D) Term Loan IV 2,12,42,857 (ii) Allahabad Bank A) Term Loan I 4,76,14,286 B) Term Loan II 7,14,28,571 C) Term Loan III 1,17,57,143 D) Term Loan IV 7,75,00,000 (iii) State Bank of Bikaner & Jaipur A) Term Loan I 14,28,57,143 B) Term Loan II 14,28,57,143 C) Term Loan III 3,32,85,714 D) Term Loan IV 21,80,28,571 (iv) Bank of Maharastra A) Term Loan I 4,80,95,238 B) Term Loan II 7,14,28,571

C) Term Loan III 14,28,57,143 D) Term Loan IV 2,60,57,143 E) Term Loan V 17,05,14,286 (v) Dena Bank A) Term Loan I 14,28,57,143 B) Term Loan II 14,28,57,143 C) Term Loan III 2,82,42,857 D) Term Loan IV 18,60,14,286 (vi)punjab National Bank A) Term Loan I 4,39,14,286 B) Term Loan II 9,18,30,612 C) Term Loan III 35,71,42,857 D) Term Loan IV 28,99,85,714 (viii) Vijaya Bank A) Term Loan I 4,76,23,809 B) Term Loan II 14,28,57,143 C) Term Loan III 1,88,28,571 D) Term Loan IV 12,31,57,143 (viii) Syndicate Bank A) Term Loan I 1,18,95,238 B) Term Loan II 1,18,95,238 C) Term Loan III 7,14,28,571 D) Term Loan IV 14,28,57,143 E) Term Loan V 16,63,00,000 2,37,57,143 F) Term Loan VI 74,14,00,000 15,50,00,000 G) Term Loan VII 10,59,14,286 H) Term Loan VIII 17,38,00,000 (x) Uco Bank A) Term Loan I 14,28,57,143 B) Term Loan II 2,38,04,762 C) Term Loan III 25,71,42,857 D) Term Loan IV 21,42,85,714 E) Term Loan V 6,30,71,429 F) Term Loan VI 41,54,14,286 (x) Indian Bank A) Term Loan I 4,76,23,810 B) Term Loan II 1,41,14,286 C) Term Loan III 3,21,71,429 D) Term Loan IV 1,43,28,571 E) Term Loan IV 2,89,00,000 (xi) Bank of India A) Term Loan I 8,19,14,286 B) Term Loan II 14,28,57,143 C) Term Loan III 14,28,57,143 D) Term Loan IV 19,00,00,000 E) Term Loan V 12,23,71,429 F) Term Loan VI 40,30,00,000 G) Term Loan VII 27,49,71,429 (xii) Canara Bank A) Term Loan I 5,35,71,429 (xiii)punjab & Sind Bank A) Term Loan I 2,37,76,191 B) Term Loan II 7,14,28,571 C) Term Loan III 14,28,57,143 D) Term Loan IV 14,28,57,143 E) Term Loan V 3,76,57,143

F) Term Loan VI 24,80,14,286 (xiv) Karnataka Bank Ltd. A) Term Loan I 7,14,28,571 B) Term Loan II 7,14,28,571 C) Term Loan III 1,41,14,286 D) Term Loan IV 9,30,00,000 (xv) Union Bank of India A) Term Loan I 5,35,71,429 B) Term Loan II 28,57,14,286 C) Term Loan III 14,28,57,143 D) Term Loan IV 21,42,85,715 E) Term Loan V 6,88,00,000 F) Term Loan VI 45,31,42,857 (xvi) Federal Bank A) Term Loan I 4,76,23,810 B) Term Loan II 7,14,28,571 C) Term Loan III 1,17,71,429 D) Term Loan IV 7,75,00,000 (xvii) Indian Overseas Bank A) Term Loan I 4,76,28,571 B) Term Loan II 12,77,42,857 C) Term Loan III 1,72,71,429 D) Term Loan IV 11,37,71,429 (xviii) Corporation Bank A) Term Loan I 2,38,19,048 B) Term Loan II 7,14,28,571 C) Term Loan III 4,76,09,524 D) Term Loan IV 2,42,14,286 E) Term Loan V 7,14,28,571 F) Term Loan VI 15,50,00,000 (xix) South Indian Bank A) Term Loan I 4,79,23,810 B) Term Loan II 7,14,28,571 C) Term Loan III 1,41,28,571 D) Term Loan IV 9,30,00,000 (xx) Central Bank of India A) Term Loan I 2,40,47,619 B) Term Loan II 10,71,42,857 C) Term Loan III 14,28,57,143 D) Term Loan IV 7,14,28,571 E) Term Loan V 6,21,42,857 F) Term Loan VI 75,72,92,194 G) Term Loan VII 46,87,50,000 H) Term Loan VIII 97,32,14,285 I) Term Loan IX 88,03,00,000 (xxi) Oriental Bank of Commerce A) Term Loan I 14,34,42,857 B) Term Loan II 14,28,57,143 C) Term Loan III 3,95,42,857 D) Term Loan IV 28,57,14,286 E) Term Loan V 26,05,71,429 F) Term Loan VI 4,64,00,000 (xxii) Bank of Baroda A) Term Loan I 2,38,14,286 B) Term Loan II 10,71,42,857 C) Term Loan III 3,42,85,714

D) Term Loan IV 14,28,57,143 E) Term Loan V 7,14,28,571 F) Term Loan VI 22,57,14,286 (xxiii) Andra Bank A) Term Loan I 4,76,23,810 B) Term Loan II 3,29,28,571 C) Term Loan III 14,28,57,143 D) Term Loan IV 14,28,57,143 E) Term Loan V 21,68,57,143 (xxiv) United Bank of India A) Term Loan I 14,28,57,143 B) Term Loan II 2,82,42,857 C) Term Loan III 9,28,57,143 1,15,68,00,000 15,11,31,29,954 Grand - 1,15,69,18,74,478 5(i)(a) All the above loan are guarranted by Government of Rajasthan amounting to Rs. 115,68,00,000. (Previous year Rs. 13080,50,04,433) 5(i)(b) The total loan amount of Rs. 55,760,300,000 has been converted into bonds (Rs. 5022.83 Cr. of 50% O/s Loan of various banks and Rs. 553.20 cr. against 50% O/s dues of Power Purchase, as on 31.03.2012). Out of which Rs. 1036.91 cr. & Rs. 560.64 cr. & Rs. 838.20 crore has been taken over by GoR in F.Y. 2013-14, 2014-15 and 2015-16 respectively and Rs. 2861.79 cr. converted into 9.70% Discom bonds. After such adjustment, net balance of 9.95% bonds is 278.49 cr. as on 31.03.2016. 5(1)(c) Remaining Loan of Rs.115.68 crores has also been taken over by GoR on dated 23/06/2016 as per the UDAY Scheme.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5(ii) : Descriptive details of Term Loan from others - Secured Account Sr. No. Code As at 31.03.2016 As at 31.03.2015 (i) Loans from Power Finance Corporation for Restructured Accelerated Power Development 53.505 5,14,28,53,059 4,19,33,68,151 and Reform Programme (Repayment will become due on 15th day of every month except April and May upto 10 years falling immediately after moratorium period of Secured against hypothecation of assets under R-APDRP project. (Such loan alongwith interest thereon shall be converted into grant once the projects of Part A and Part B under R-APDRP are implemented and verified by an independent agency appointed by Ministry of Power within a period of 3 years) (ii) Loan from Rajasthan State Power Finance 50.592 Corporate Ltd (Repayable in 2 yearly installments of Rs. 25,00,000 upto 31.03.2017 & secured against Books debts. First Installment has been started from 31st of March, 2016). 25,00,000 50,00,000 Less: Current Maturities of Loans From Others (i) PFC (RAPDRP). (ii) RSPFCL Grand 5,14,53,53,059 4,19,83,68,151 53.505 27,30,86,100 19,65,36,956 50.592 25,00,000 25,00,000 27,55,86,100 19,90,36,956 4,86,97,66,959 3,99,93,31,195 5(b)(i) A letter no. 39642 dated 21.06.2016 has been received from PFC for extension of payment and conversion of loan into grant. In view of that no current maturity has been shown in respect of loans from PFC.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 5 (iii) : Descriptive details of Term Loan from others - Unsecured Borrowings Sr. No. Account Code As at 31.03.2016 As at 31.03.2015 (i) Housing and Urban Development Corporation Limited 50.820 Term Loan I 1,94,98,97,260 2,55,00,00,000 (Repayable in remaining 13 Quarterly installments of Rs. 15,00,00,000 upto 31.05.2019 (Except First installment of Rs. 14,98,83,640). First installment has been started from 31.05.2014) Sub (i) 1,94,98,97,260 2,55,00,00,000 (ii) Life Insurance Corporation 52.501 Term Loan I 5,14,28,570 6,00,00,000 (Repayable in 6 Annually installments of Rs. 85,71,430 has been started from 15.07.15 to 15.07.2021. Term Loan II 6,85,69,715 7,99,98,000 (Repayable in 6 Annually installments of Rs. 1,14,28,290 has been started from 15.01.16 to 15.01.2022. Term Loan III 9,14,26,285 10,66,64,000 (Repayable in 6 Annually installments of Rs. 1,52,37,715 has been started from 15.07.15 to 15.07.2021. Term Loan IV 15,42,85,715 18,00,00,000 (Repayable in 6 Annually installments of Rs. 2,57,14,285 has been started from 15.07.15 to 15.07.2021. Term Loan V 17,14,28,570 20,00,00,000 (Repayable in 6 Annually installments of Rs. 2,85,71,430 has been started from 15.07.15 to 15.07.2021. Term Loan VI 22,45,80,125 25,66,63,000 (Repayable in 7 Annually installments of Rs. 3,20,82,875 has been started from 15.07.15 to 15.07.2022. Term Loan VII 56,88,85,330 63,99,96,000 (Repayable in 8 Annually installments of Rs. 7,11,10,670 has been started from 15.07.15 to 15.07.2023. Term Loan VIII 38,99,96,100 43,33,29,000 (Repayable in 9 Annually installments of Rs. 4,33,32,900 has been started from 15.07.15 to 15.07.2024. Term Loan IX 67,83,63,635 74,62,00,000 (Repayable in 10 Annually installments of Rs. 6,78,36,365 has been started from 15.07.15 to 15.07.2025. Term Loan X 73,33,33,330 80,00,00,000 (Repayable in 11 Annually installments of Rs. 6,66,66,670 has been started from 15.07.15 to 15.07.2026. Sub (ii) 3,13,22,97,375 3,50,28,50,000 (iii) Power Finance Corporation 50.600 Transitional loan 1 & 2 1. ( amount of loan sanction Rs. 15,00,00,00,000 has been disbursed upto financial year 2014-15. Repayable in 28 Quartely installments of each tranches wise disburshed loan upto 15.07.2022. First installment has been 14,53,57,14,285 15,00,00,00,000 started from 15th of Oct. 2015) 2. ( amount of loan sanction Rs. 15,00,00,00,000 has been disbursed upto financial year 2015-16. Repayable in 28 Quartely installments of each disburshed loan upto 15.01.2027. First installment will start from 15th of Apr. 2020) Term Loan ( amount of loan sanction Rs. 5,00,93,00,000 out of which Rs. 15,00,00,00,000 7,50,00,00,000 53.550 3,12,43,33,786 3,15,02,46,704

323,20,69,435 has been disbursed upto current financial year 2015-16. Repayable in 60 Quartely installments of Rs. 8,34,88,333 upto 15.07.2030. First installment will start from 15th of Oct. 2015) Term Loan ( amount of loan sanction Rs. 374,08,00,000 out of which Rs. 106,52,02,358 has been disbursed upto current financial year 2015-16. Repayable in 60 Quartely installments of Rs. 1,77,53,373 upto 15.01.2033. First installment will start from 15.04.2018) ( amount of loan sanction Rs. 166,23,00,000 out of which Rs.53,24,01,909 has been disbursed upto current financial year 2015-16. Repayable in 60 Quartely installments of Rs. 88,73,365 upto 15.01.2033. First installment will start from 15.04.2018) 1,06,52,02,358-53,24,01,909 - Sub (iii) 34,25,76,52,338 25,65,02,46,704 (iv) World Bank 54.200 Term Loan I 6,12,54,375 7,35,05,250 (Repayable in 10 monthly installments of Rs. 1,22,50,87 upto 5 years starting from june to march of every year.) Term Loan II 1,11,72,409 1,27,68,467 (Repayable in 10 monthly installments of Rs. 1,59,605 upto 7 years starting from june to march of every year.) Term Loan III 10,40,40,064 11,89,02,931 (Repayable in 10 monthly installments of Rs. 1,486,286 upto 7 years starting from june to march of every year.) Term Loan IV 18,13,91,931 20,40,65,923 (Repayable in 10 monthly installments of Rs. 2,267,399 upto 8 years starting from june to march of every year.) Term Loan V 3,85,20,823 4,28,00,915 (Repayable in 10 monthly installments of Rs. 428,009 upto 9 years starting from june to march of every year.) Term Loan VI 6,44,72,625 7,16,36,250 (Repayable in 10 monthly installments of Rs. 716,362 upto 9 years starting from june to march of every year.) Term Loan VII 16,86,52,165 18,55,17,382 (Repayable in 10 monthly installments of Rs. 1,686,521 upto 10 years starting from june to march of every year.) Term Loan VIII 27,34,18,657 29,82,74,899 (Repayable in 10 monthly installments of Rs. 2,485,624 upto 11 years starting from june to march of every year.) Term Loan IX 92,54,700 1,00,25,925 (Repayable in 10 monthly installments of Rs. 77,122 upto 12 years starting from june to march of every year.) Term Loan X 43,719 87,445 (Repayable in 10 monthly installments of Rs. 4,372 upto 1 year starting from june to march of every year.) Term Loan XI 2,06,381 3,09,572 (Repayable in 10 monthly installments of Rs. 10,319 upto 2 years starting from june to march of every year.) Term Loan XII 3,11,294 3,89,116 (Repayable in 10 monthly installments of Rs. 7,782 upto 4 years starting from june to march of every year.) Term Loan XIII 16,61,012 19,93,213 (Repayable in 10 monthly installments of Rs. 33,220 upto 5 years starting from june to march of every year.) Term Loan XIV 16,95,673 19,78,285 (Repayable in 10 monthly installments of Rs. 28,261 upto 6 years starting from june to march of every year.) Sub (iv) 91,60,95,828 1,02,22,55,573

(v) Accelerated Power Development Programme (APDP) through GoR 54.201 Term Loan I 4,29,04,170 5,14,85,003 (Repayable in 10 monthly installments of Rs. 858,083 upto 5 years starting from june to march of every year.) Term Loan II 2,85,83,336 3,26,66,669 (Repayable in 10 monthly installments of Rs. 408,333 upto 7 years starting from june to march of every year.) Term Loan III 5,46,18,664 6,24,21,331 (Repayable in 10 monthly installments of Rs. 780,266 upto 7 years starting from june to march of every year.) Term Loan IV 13,50,53,331 15,19,34,998 (Repayable in 10 monthly installments of Rs. 1,688,166 upto 8 years starting from june to march of every year.) Term Loan V 4,24,71,977 4,71,91,085 (Repayable in 10 monthly installments of Rs. 471,910 upto 9 years starting from june to march of every year.) Sub (v) 30,36,31,478 34,56,99,086 (vi) Intrest Free Loan From State Govt. 54.202 (Terms of repayment of such loan shall be decided by the Government of Rajasthan when company generate surplus on its equity). 1,41,73,76,000 4,72,04,00,000 Sub (vi) 1,41,73,76,000 4,72,04,00,000 (vii) Rural Electrification Corporation(REC) 53.300 Scheme No. 31-32 0 34,23,08,519 (Balance of these loans fully paid during the year 2015-16) Scheme No. 33-50 0 1,28,21,737 (Balance of these loans fully paid during the year 2015-16) Scheme No. 51 3,01,28,535 6,02,57,070 (Balance of this 1 loan is to be paid in remaining 1 equal annual Installments 15th May upto 15.05.2016) Scheme No. 52 3,44,60,997 6,89,21,997 (Balance of this 1 loan is to be paid in remaining 1 equal annual Installments 15th Feb. upto 15.02.2017) Scheme No. 53-70 1,35,74,200 2,71,48,391 (Balance of these 18 loans as per respective schemes are to be paid in remaining 1 equal annual Installments for each loan on 15th March upto 15.03.2017) Scheme No. 71 14,92,560 22,38,840 (Balance of this 1 loan is to be paid in remaining 2 equal annual Installments on 15th May upto 15.05.2017) Scheme No. 72-73 17,83,77,545 26,75,66,314 (Balance of these 2 loans as per respective schemes are to be paid in remaining 2 equal annual Installments for each loan on 15th May upto 15.05.2017) Scheme No. 74 6,92,49,203 10,38,73,805 (Balance of this 1 loan is to be paid in remaining 2 equal annual Installments on 15th Nov. upto 15.11.2017) Scheme No. 75-90 5,35,12,014 8,02,68,022 (Balance of these 16 loans as per respective schemes are to be paid in remaining 2 equal annual Installments for each loan on 15th March upto 15.03.2018) Scheme No. 91-99 44,37,84,630 59,17,12,840 (Balance of these 9 loans as per respective schemes are to be paid in remaining 3 equal annual Installments for each loan on 15th Nov. upto 15.11.2018) Scheme No. 100-135 24,33,55,074 32,44,73,435

(Balance of these 36 loans as per respective schemes are to be paid in remaining 3 equal annual Installments for each loan on 15th march upto 15.03.2019) Scheme No. 136 81,57,360 1,01,96,700 (Balance of this 1 loan is to be paid in remaining 4 equal annual Installments 15th march upto 15.04.2019) Scheme No. 137 68,02,120 85,02,650 (Balance of this 1 loan is to be paid in remaining 4 equal annual Installments 15th may upto 15.05.2019) Scheme No. 138-141 60,80,48,800 76,00,61,000 (Balance of these 4 loan as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th Oct. upto 15.10.2019) Scheme No. 142-146 8,00,45,166 10,00,56,460 (Balance of these 5 loans as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th Jan upto 15.01.2020) Scheme No. 147-148 39,71,47,720 49,64,34,650 (Balance of these 2 loans as per respective schemes are to be paid in remaining 4 equal annual Installments for each loan on 15th March upto 15.03.2020) Scheme No. 149-154 26,19,05,750 31,42,86,900 (Balance of these 6 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th July upto 15.07.2020) Scheme No. 155-159 1,17,60,89,000 1,41,13,06,800 (Balance of these 5 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th Sept. upto 15.09.2020) Scheme No. 160-161 49,77,32,500 59,72,79,000 (Balance of these 2 loans as per respective schemes are to be paid in remaining 5 equal annual Installments for each loan on 15th March upto 15.03.2021) Scheme No. 162-167 45,56,16,299 53,15,52,349 (Balance of these 6 loans as per respective schemes are to be paid in remaining 6 equal annual Installments for each loan on 15th Sept. upto 15.09.2021) Scheme No. 168-176 83,47,55,442 93,90,99,872 (Balance of these 9 loans as per respective schemes are to be paid in 8 equal annual Installments for each loan on 15th Sept. upto 15.09.2023. First installment will start from 15.09.2014.) Scheme No. 177-180 88,27,76,221 99,31,23,249 (Balance of these 3 loans as per respective schemes are to be paid in 8 equal annual Installments for each loan on 15th Dec. upto 15.12.2023. First installment will start from 15.12.2014.) Scheme No. 181 43,98,27,281 49,48,05,691 (Balance of this 1 loan is to be paid in 8 equal annual Installments 15th March upto 15.03.2024. First installment has been started from 15.09.2014.) Scheme No. 182-188 3,01,10,220 3,34,55,800 (Balance of these 7 loans as per respective schemes are to be paid in remaining 9 equal annual Installments for each loan on 15th March upto 15.03.2025) Scheme No. 189-190 63,44,120 69,78,532 (Balance of these 2 loans as per respective schemes are to be paid in remaining 10 equal annual Installments for each loan on 15th March upto 15.03.2026) Scheme No. 191-198 3,72,89,032 4,06,78,944

(Balance of these 8 loans as per respective schemes are to be paid in remaining 11 equal annual Installments for each loan on 15th March upto 15.03.2027) Scheme No. 199-200 1,11,83,232 1,21,15,168 (Balance of these 2 loans as per respective schemes are to be paid in remaining 12 equal annual Installments for each loan on 15th Jan. upto 15.01.2028) Scheme No. 201-210 6,63,27,600 7,18,54,900 (Balance of these 10 loans as per respective schemes are to be paid in remaining 12 equal annual Installments for each loan on 15th March upto 15.03.2028) Scheme No. 211 57,80,164 62,24,792 (Balance of this 1 loan is to be paid in remaining 13 equal annual Installments on 15th June upto 15.06.2028) Scheme No. 212-230 13,59,16,040 14,63,71,120 (Balance of these 19 loan as per respective schemes are to be paid in remaining 13 equal annual Installments for each loan on 15th March upto 15.03.2029) Scheme No. 231-241 4,35,74,26,896 3,37,63,01,068 (Balance of these 11 loan as per respective schemes are to be paid in 14 equal annual Installments for each loan on 15th June upto 15.06.2029. First installment has been started from 15.06.2015.) Scheme No. 242 11,39,08,329 12,65,64,810 (Balance of this 1 loan is to be paid in 9 equal annual Installments on 15th August upto 15.08.2024. First installment has been started from 15.08.2015.) Scheme No. 243-45 84,63,88,713 83,30,40,476 (Balance of this 3 loan is to be paid in 10 equal annual Installments on 15th may upto 15.05.2025. First installment has been started from 15.05.2016.) Scheme No. 246-48 2,41,73,01,787 2,41,73,01,787 (Balance of this 3 loan is to be paid in 10 equal annual Installments on 15th Nov upto 15.11.2025. First installment has been started from 15.11.2016.) Scheme No. 249-55 1,87,16,68,578 1,87,16,68,578 (Balance of this 7 loan is to be paid in 10 equal annual Installments on 15th Feb. up to 15.02.2026. First installment will start from 15.02.2017.) Scheme No. 256-57 1,47,97,78,371 1,18,84,51,521 (Balance of this 2 loan is to be paid in 10 equal annual Installments on 15th Nov. upto 15.11.2026. First installment will start from 15.11.2017.) Scheme No. 258-62 1,33,94,79,198 1,20,06,10,177 (Balance of this 5 loan is to be paid in 10 equal annual Installments on 15th Dec. upto 15.12.2026. First installment will start from 15.12.2017.) Scheme No. 263 96,22,39,671 95,78,33,638 (Balance of this 1 loan is to be paid in 10 equal annual Installments on 15th Jan upto 15.01.2027. First installment will start from 15.01.2018.) Scheme No. 264-265 98,93,28,247 93,39,55,808 (Balance of these 2 loans is to be paid in 10 equal annual Installments upto 15.06.2027. First installment will start from 15.06.2018.) Scheme No. 266 56,79,08,289 46,77,19,060 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto 15.07.2027. First installment will start from 15.07.2018.) Scheme No. 267 60,68,11,540 22,66,47,902 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto 15.08.2027. First installment will start from 15.08.2018.)

Scheme No. 268-276 2,08,88,51,898 1,63,15,38,438 (Balance of these 9 loans is to be paid in 15 equal annual Installments upto 15.09.2032. First installment will start from 15.09.2018.) Scheme No. 277 2,50,75,88,813 (Balance of this 1 loan is to be paid in 10 equal annual Installments upto 15.06.2028. First installment will start from 15.06.2019.) Rationalised Govt. Guarantee as on 31.03.2011 15,86,86,355 18,45,11,047 (Balance of this loan is to be paid in 107 monthly Installments on last day of every month upto 31.03.2024) Transitional Loan 1 14,73,21,42,858 15,00,00,00,000 ( amount of loan sanction Rs. 15,00,00,00,000 out of which Rs. 15,00,00,00,000 has been disbursed upto current financial year 2015-16. Balance of this 1 loan is to be paid in 9 equal Quareterly Installments 31st Dec 2015 to 30.09.2022. However the terms of repayment has been restructured during the financial year 2013-14 and it is repayable in 28 Quartely installments of Rs. 53,57,14,286 upto 30.09.2022. First installment has been started from 31st of March.2016.) Transitional Loan 2 15,00,00,00,000 5,62,50,00,000 ( amount of loan sanction Rs. 15,00,00,00,000 out of which Rs. 1500,00,00,000 has been disbursed upto current financial year 2015-16. Balance of this 1 loan is to be paid in 28 equal Quareterly Installments 30-06- 2020 to 30.03.2027. First installment will start from 30.06.2020) (viii) Sub (vii) 57,04,92,98,368 44,89,71,19,857 Rural Electrification Corporation under Rajiiv Gandhi Grameen Vidyutikaran Yojana(RGGVY) scheme 53.301 Scheme No. 1-3 30,55,749 38,19,686 (Balance of these 3 loans as per respective schemes are to be paid in 4 equal annual Installment for each loan on 15th March upto 15.03.2020. First installment has been started from 15.03.2015.) Scheme No. 4-10 5,47,41,250 6,56,89,500 (Balance of these 7 loans as per respective schemes are to be paid in 5 equal annual Installment for each loan on 15th March upto 15.03.2021. First installment has been started from 15.03.2015.) Scheme No. 11 12,85,04,391 14,45,67,440 (Balance of this 1 loan is to be paid in 8 equal annual Installment on15th Mar. upto 15.03.2024. First installment has been started from 15.03.2015.) Scheme No. 12-13 4,57,42,377 5,14,60,174 (Balance of these 2 loans as per respective schemes are to be paid in 8 equal annual Installment for each loan on 15th June upto 15.06.2023. First installment has been started from 15.06.2014.) Scheme No. 14 2,03,51,946 2,28,95,938 (Balance of this 1 loan is to be paid in 8 equal annual Installment on 15th Aug. upto 15.08.2023. First installment has been started from 15.08.2014.) Scheme No. 15 4,25,03,717 (Balance of this 1 loan is to be paid in 15 equal annual Installment on 15th Aug. upto 15.08.2035. First installment will start from 15.08.2020.) Scheme No. 16 11,20,53,265 (Balance of this 1 loan is to be paid in 15 equal annual Installment on 15th Dec. upto 15.12.2035. First installment will start from 15.12.2020.)

Sub (viii) 40,69,52,695 28,84,32,738 (ix) Small Industries Development Bank of India 50.810 (Repayable in 7 annual installments of Rs. 21,50,00,000 start from 1,28,50,00,000 1,28,50,00,000 10.03.2015 to10.03.2021. Sub (ix) 1,28,50,00,000 1,28,50,00,000 (x) Loan under UDAY Scheme 54.510 - As per UDAY Scheme notified by GoI dated 20.11.2015 GoR has issued loan (Rs.8784.20 + 1995.10 = 10779.30 crores) & terms and condition of 1,07,79,30,61,000 repayment and interest will be informed by GoR later. Sub (x) 1,07,79,30,61,000 - (xi) State Government loan (2015-16) 50.811 - GoR has released 463.08 cr. on behalf of World Bank on dated 29 and 4,63,07,70,000 30.03.2015. Sub (xi) 4,63,07,70,000 - Grand [(i) to (xi)] 2,13,14,20,32,342 84,26,20,03,958 Less: Current Maturities (Refer Note No.9.1) (i) Housing and Urban Development Corporation Limited 50.820 60,00,00,000 60,00,00,000 (ii) Life Insurance Corporation 52.501 (a) Term loan I 85,71,430 85,71,430 (b) Term loan II 1,14,28,290 1,14,28,290 (c) Term loan III 1,52,37,715 1,52,37,715 (d) Term loan IV 2,57,14,285 2,57,14,285 (e) Term loan V 2,85,71,430 2,85,71,430 (f) Term loan VI 3,20,82,875 3,20,82,875 (g) Term loan VII 7,11,10,670 7,11,10,670 (h) Term loan VIII 4,33,32,900 4,33,32,900 (i) Term loan IX 6,78,36,365 6,78,36,365 (j) Term loan X 6,66,66,670 6,66,66,670 (iii) Power Finance Corporation Transitional loan (1&2) 50.600 3,39,28,69,145 46,42,85,716 Term Loan 53.550 23,32,24,668 16,69,76,666 (iv) World Bank 54.200 (a) Term loan I 1,22,50,875 1,22,50,875 (b) Term loan II 15,96,058 15,96,058 (c) Term loan III 1,48,62,867 1,48,62,867 (d) Term loan IV 2,26,73,992 2,26,73,992 (e) Term loan V 42,80,092 42,80,092 (f) Term loan VI 71,63,625 71,63,625 (g) Term loan VII 1,68,65,217 1,68,65,217 (h) Term loan VIII 2,48,56,242 2,48,56,242 (i) Term loan IX 7,71,225 7,71,225 (j) Term loan X 43,726 43,726 (k) Term loan XI 1,03,191 1,03,191 (l) Term loan XII 77,822 77,822 (m) Term loan XIII 3,32,201 3,32,201 (n) Term loan XIV 2,82,612 2,82,612 (v) Accelerated Power Development Programme 54.200 (a) Term loan I 85,80,833 85,80,833 (b) Term loan II 40,83,333 40,83,333 (c) Term loan III 78,02,667 78,02,667 (d) Term loan IV 1,68,81,667 1,68,81,667 (e) Term loan V 47,19,108 47,19,108 (vi) Rural Electrification Corporation(REC) 53.300 Scheme No. 31-32 - 34,23,08,519 Scheme No. 33-50 - 1,28,21,737

Scheme No. 51 3,01,28,535 3,01,28,535 Scheme No. 52 3,44,60,997 3,44,61,000 Scheme No. 53-70 1,35,74,200 1,35,74,191 Scheme No. 71 1,93,288 7,46,280 Scheme No. 72-73 12,07,812 8,91,88,770 Scheme No. 74 3,46,24,601 3,46,24,601 Scheme No. 75-90 65,85,396 2,67,56,008 Scheme No. 91-99 4,64,53,739 14,79,28,210 Scheme No. 100-135 24,79,11,072 8,11,18,360 Scheme No. 136-20,39,340 Scheme No. 137 17,00,530 17,00,530 Scheme No. 138-141 15,20,12,200 15,20,12,200 Scheme No. 142-146 2,00,11,291 2,00,11,293 Scheme No. 147-148 9,92,86,930 9,92,86,930 Scheme No. 149-154 5,23,81,150 5,23,81,150 Scheme No. 155-159 23,52,17,800 23,52,17,800 Scheme No. 160-161 9,95,46,500 9,95,46,500 Scheme No. 162-167 7,59,36,050 7,59,36,051 Scheme No. 168-176 10,43,44,430 10,43,44,430 Scheme No. 177-180 11,03,47,028 11,03,47,028 Scheme No. 181 5,49,78,410 5,49,78,410 Scheme No. 182-188 33,45,580 33,45,580 Scheme No. 189-190 6,34,412 6,34,412 Scheme No. 191-198 33,89,912 33,89,912 Scheme No. 199-200 9,31,936 9,31,936 Scheme No. 201-210 55,27,300 55,27,300 Scheme No. 211 4,44,628 4,44,628 Scheme No. 212-230 1,04,55,080 1,04,55,080 Scheme No. 231-241 29,04,95,126 22,50,86,738 Scheme No. 242 1,13,90,833 1,26,56,481 Scheme No. 243 - - Scheme No. 244 - - Transitional Loan 1 1,14,28,57,143 1,07,14,28,571 Rationalised loan 2,82,28,513 25824664 (vii) Rural Electrification Corporation under Rajiiv Gandhi Grameen 53.301 Vidyutikaran Yojana(RGGVY) scheme Scheme No. 1-3 6,11,150 7,63,937 Scheme No. 4-10 91,23,542 1,09,48,250 Scheme No. 11 1,42,78,266 1,60,63,049 Scheme No. 12-13 50,82,486 57,17,797 Scheme No. 14 22,61,327 25,43,993 (ix) Small Industries Development Bank of India 50.810 21,50,00,000 21,50,00,000 7,90,98,32,990 5,18,22,62,566 2,05,23,21,99,352 79,07,97,41,392 5(iii)(a) All the Loans except loans at S.No. (iv) (World Bank), (v) (APDRP), (vi)(interest free loan frrom GOR) & (viii) (REC(RGGVY)) are guaranteed by the Govt of Rajasthan. The aggregate amount of loans guaranteed by Government of Rajasthan is Rs. 9767,41,45,334 (Previous year Rs. 7788,52,16,533).

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 6 :- Other Long Term Liabilities Others Security Deposits from Contractors Security Deposits from Consumers Account Code As at 31.03.2016 As at 31.03.2015 46.121 6,68,22,645 5,34,48,432 48.100-48.205 5,71,23,31,156 4,75,92,13,147 5,77,91,53,801 4,81,26,61,579 6.1 Difference between the figures under the head Security Deposits from Consumers as per accounts and Computer agency / consumers ledger is Rs. 1,122,146,488 (Previous year Rs. 1,199,547,586) which is under reconciliation. 6.A:- Long Term Provisions Gratuity (Refer Note 25.5) Pension (Refer Note 25.5) Leave Encashment (Refer Note 25.5) Account Code As at 31.03.2016 As at 31.03.2015 44.115-1,68,96,00,000 44.125-19,60,51,00,000 44.340-1,13,03,00,000-22,42,50,00,000 6.B:- As all provision has been considered as current liability. So whole amount has been transferred to short term provision, Note No. 10. 7 :- Short-term Borrowings From Banks (Secured) Cash Credit from SBBJ Bank (Amount Repayable - NIL (PY.- Rs.510269043) on Demand & secured by way of hypothecation on current assets.) Account Code As at 31.03.2016 As at 31.03.2015 50.100-51,02,69,043-51,02,69,043

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 8 :- Trade Payables Account Code As at 31.03.2016 As at 31.03.2015 Trade Payables For purchase of power (Refer Note No. 8.2) 41.101-41.200 17,03,91,59,417 12,58,74,77,847 17,03,91,59,417 12,58,74,77,847 8.1 In view of multiplicity and difficulty in identification of accounts relating to Micro, Small & Medium Enterprises, information with regard to amount unpaid at the year end together with the interest paid / payable under the MSMED Act, 2006 is not disclosed for determining the particulars relating to current indebtness to such undertakings. 8.2 :- Trade Payables for Goods-Liabilities for Purchase of Power Account Code As at 31.03.2016 As at 31.03.2015 Liability for purchase of power from Npcil(Naps) 41.100 8,10,88,540 7,68,40,183 Liability for purchase of power RAPS 41.101 77,27,58,724 92,81,41,741 Liability for Power Purchased from NTPC 41.102 60,142 - Liability for purchase of power GLPL 41.106 52,753 2,89,10,308 Liability For Power Purchase UI Charges 41.111 73,46,259 3,56,82,087 Liability for purchase of power Shree Cement 41.109 & 41.113 52,65,225 57,68,156 Liability for Purachse from Coastal Gujarat 41.114 28,99,94,663 32,42,58,633 Liability for Purachse from Ambuja Cement 41.119 13,24,45,466 - Liability for purchses from NVVN BUNDLED 41.121 94,86,21,109 62,74,37,879 Liability for purchses from PTC India 41.122 28,90,41,472 3,28,20,169 Liability for purchses from Mittal Processing Ltd. 41.123 59 59 Liability for purchses from Wind Power 41.126 5,22,74,83,562 1,90,07,98,970 Liability for purchses from SJVVNL 41.127 13,11,18,992 21,14,40,540 Liability for Power Purchase from Transtech Gr 41.128 6,50,629 Liability for purchase from Solar Plant 41.129 64,48,06,149 28,04,70,052 Liability for purchase of power from Satyam Power 41.133 61,73,452 66,50,652 Liability for purchase of power from Surya Chambal 41.134 1,64,33,383 1,25,49,250 Liability for purchase of power Kalpataru 41.137 1,77,68,169 1,85,26,841 Liability for purchase of power Tehri Hydro 41.138 15,69,91,858 67,86,93,972 Liability for purchase of power Tala 41.139 13,113 1,90,602 Liability for purchase of power from M/S Adani ENT 41.142 1,76,21,36,198 1,15,54,45,265 Liability for purchase of power from M/S Orient Green 41.152 4,53,556 76,28,979 Liability for purchase of power from Raj West Power 41.154 1,92,15,91,021 1,37,65,29,080 Liability for purchase M/S Nevyeli Lignite Corp. Ltd. 41.157-54,23,12,543 Liability for purchase M/S V.S. Lignite PO 41.159 6,95,89,382 17,68,286 Liability for purchase of power NTPC 41.160 1,97,42,75,136 1,01,62,69,838 Liability for purchase of power Aravali Power 41.162 84,33,281 4,10,74,123 Liability for purchase of power Maru Transmis 41.166 3,01,28,250 5,65,15,167 Liability for purchase of power Sasan power 41.169 28,27,47,613 4,86,15,150 Liability for purchase of power NHPC 41.170 46,51,55,398 40,12,36,561 Liability for purchase of power Sanjog Sugar & Eco (BIO) 41.173 71,42,857 - Liability P P from Arawali power trans. 41.174 1,84,54,799 65,16,018 Liability P P from Arunachal Pradesh (BTL) 41.175 1,19,040 Liability for purchase of power NRLDC (HPPC) 41.176 15,55,126 13,77,999 Liability for purchase of power NAPS 41.180-2,96,24,827 Liability for Transmission Charges PGCIL 41.190 1,65,66,69,140 74,37,27,506 Liability for purchase of power Others 41.110 11,25,94,901 1,98,96,56,411 Grand 17,03,91,59,417 12,58,74,77,847 8.3 281.497 LU (P.Y. 4974.144 LU) has been taken on power banking agreement for which Power Purchase expenditure and corresponding liability has been taken @ 4.00 per unit, which has to be returned in F.Y. 2016-17.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 9 :- Other Current Liabilities Account Code As at 31.03.2016 As at 31.03.2015 Current maturities of long-term debt (Refer Note No. 5 & 9.1) 9,34,22,19,090 20,49,44,29,476 Interest accrued but not due on borrowings 46.710 1,41,20,53,804 5,13,85,34,394 Liability for Entry Tax 43.105 12,77,646 - TWC Payable 24.654 27,63,780 3,73,88,250 Liability for O&M Suppliers/works 43.100-43.800 2,27,91,58,574 2,81,14,20,523 Staff related liabilities 44.210-44.450 40,39,50,271 36,39,97,041 Security Deposits from Contractor 46.121-46.122 1,14,22,40,048 91,39,05,459 Earnest Money Deposits 46.123 19,21,47,877 14,72,76,854 Retention Money 46.124 2,52,77,065 1,01,08,403 Sundry creditors int. on security- consumers 46.411 1,03,76,54,880 80,79,62,143 Other Misc. Deposits 46.968 2,12,52,52,903 1,82,78,18,194 Statutory Liabilities 46.310-46.927 2,59,78,40,260 2,24,57,83,716 Income received in advance 46.917 46,25,000 - Due for Expenses 46.410-46.905 5,78,90,05,505 1,73,57,72,699 Sundry Liabilities 46.920, 46.942-46.979, 46.985 13,82,26,392 13,43,30,548 Inter Company Payables (Refer Note No. 9.2) 46.980-46.983 27,17,62,03,455 19,69,84,82,705 Deposits for Electrification 47.100-47.603 3,01,52,69,886 3,07,38,15,968 56,68,51,66,436 59,44,10,26,373 9.1 Descriptive details for Current Maturity of Long Term Debts (Carried from Note No.5) 2015-16 2014-15 Term Loan from Banks - Secured 5(i) 1,15,68,00,000 15,11,31,29,954 Term Loan from others - Secured 5(ii) 27,55,86,100 19,90,36,956 Term Loan from others - Unsecured 5(iii) 7,90,98,32,990 5,18,22,62,566 9,34,22,19,090 20,49,44,29,476 9.2 Inter Company Payables Account Code As at 31.03.2016 As at 31.03.2015 Amt Payable To Rajasthan Rajya Vidyut Utpadan Nigam Limited 46.980 14,74,35,93,488 10,36,52,52,699 Amt Payable To Rajasthan Vidyut Prasaran Nigam Limited 46.981 2,98,36,52,089 1,84,99,57,987 Amt. Payable To Jaipur Vidyut Vitran Nigam Limited 46.982 4,93,23,91,330 2,39,85,14,661 Amt Payable To Ajmer Vidyut Vitran Nigam Limited 46.983 4,51,65,66,548 5,08,47,57,358 27,17,62,03,455 19,69,84,82,705 9.3 The balance shown under the head 46.964 (Amount received from Insurance Company) amounting to Rs. 773,644 (Previous year Rs. 773,644) pertains to to FY 2003-04, for which case is pending in Hon ble Rajasthan High Court. Writ No. CW / 1593/03 against New India Insurance Co. for Group Insurance of Employees of Nigam not entertained and premium refunded on pro rata basis for the period 15.02.2003 to 22.07.2003. 9.4 As per provision the interest payable to consumers on the amount of security is debited in the year to which it belongs but the consumer A/c is credited in ensuing financial year so as to account for the debtors A/c the liability has been credited in the year to which it pertain. 9.5 In respect of Inter Company transactions between successor companies of erstwhile RSEB no interest / surcharge has been charged or paid by the company during the year. 9.6 The reconciliation of inter-company transaction with other sister companies of erstwhile of RSEB has been made upto 31.03.2015.Follow-up action is being taken to square up difference noticed. The reconciliation for the current year is under progress. The balances of other sister companies as per their audited accounts and of JdVVNL as on 31.03.2015 are as follows: RVUNL RRVPNL JVVNL AVVNL Payable as per books of accounts 10,36,52,52,699 1,84,99,57,987 2,39,85,14,661 5,08,47,57,358 Receivable as per books of other company 10,72,43,55,641 1,54,43,83,906 2,40,00,99,598 5,10,96,94,133 Difference 35,91,02,942 (30,55,74,081) 15,84,937 2,49,36,775

10 :- Short Term Provisions JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code As at 31.03.2016 As at 31.03.2015 Provisions for Employee Benefits Amount payable to Trust for Gratuity 44.110 1,54,08,641 1,40,57,979 Gratuity 44.115 2,26,45,00,000 21,10,00,000 Amount payable to Trust for Pension 44.120 2,09,03,648 2,21,10,191 Leave Encashment 44.340 1,45,10,00,000 14,85,00,000 Pension 44.125 22,33,41,00,000 1,18,96,00,000 Ex-gratia / Bonus 44.140 6,94,43,500 6,86,38,500 26,15,53,55,789 1,65,39,06,670 Other Provisions (Current) Prov.for losses due to theft of stores 46.925 87,68,565 - Income Tax 46.800-46.810 - - 26,16,41,24,354 1,65,39,06,670. 10.1 Provision for Ex-gratia/Bonus has been made for 69,443,500 Rs. (Previous year Rs.68,638,500) on adhoc basis. 10.2 No provision for Income-tax has been made in view of higher depreciation allowable under the I.T. Act and brought forward losses.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR NON-CURRENT ASSETS 11 :- Fixed Assets Balance as on 01.04.2015 Gross Block Accumulated Depreciation Net Block Additions Balance as at Balance as on Depreciation Adjustment Balance as at Balance as at Balance as at Deductions/Adju 31.03.2016 01.04.2015 charged for the during the 31.03.2016 31.03.2016 31.03.2015 stment year period i) Tangible assets Land & Rights 10.101-103 Free hold 10,17,59,368 50,75,430-10,68,34,798 - - 10,68,34,798 10,17,59,368 Lease hold 9,46,05,625 98,67,000-10,44,72,625 - - 10,44,72,625 9,46,05,625 Buildings 2,62,85,03,852 41,48,45,222-3,04,33,49,074 46,99,81,033 9,74,80,051-56,74,61,084 2,47,58,87,990 2,15,85,22,819 10.201-241 Other Civil Works 14,00,62,588 14,00,62,588 1,42,14,181 46,88,004-1,89,02,185 12,11,60,403 12,58,48,407 10.401-412 A d j Plant & Machinery & Hydraulic works 33,08,01,93,693 4,05,19,10,636 28,64,01,644 36,84,57,02,685 7,43,94,82,575 1,78,44,14,512 16,77,85,369 9,05,61,11,718 27,78,95,90,967 25,64,07,11,118 10.301-10.322& 10.501-599 Lines & Cable Net Work 53,27,57,66,296 9,57,82,59,924 112136589 62,74,18,89,631 15,05,31,28,634 2,76,31,86,479 5,99,36,647 17,75,63,78,466 44,98,55,11,165 38,22,26,37,662 10.601-685 Vehicles 14,22,11,066 21,18,332 15,43,479 14,27,85,919 9,62,20,224 3,82,267 6,74,751 9,59,27,740 4,68,58,179 4,59,90,842 10.710-740 Furniture & Fixtures 4,21,87,243 4300786.15-4,64,88,029 1,45,77,917 18,49,046 1,64,26,963 3,00,61,066 2,76,09,326 10.810-820 Office Equipments 22,84,37,788 13,74,39,339 2,41,540 36,56,35,587 5,57,08,701 1,50,75,700 1,28,087 7,06,56,314 29,49,79,273 17,27,29,087 10.901-910 (i) 89,73,37,27,519 14,20,38,16,669 40,03,23,252 1,03,53,72,20,936 23,14,33,13,265 4,66,70,76,059 22,85,24,854 27,58,18,64,470 75,95,53,56,466 66,59,04,14,254 (ii) Assets not in use 16.110-16.190 1,69,06,843 28,35,27,782 28,75,73,350 1,28,61,275 - - - - 1,28,61,275 1,69,06,843 (ii) 1,69,06,843 28,35,27,782 28,75,73,350 1,28,61,275 - - - - 1,28,61,275 1,69,06,843 Grand (i+ii) 89,75,06,34,362 14,48,73,44,451 68,78,96,602 1,03,55,00,82,211 23,14,33,13,265 4,66,70,76,059 22,85,24,854 27,58,18,64,470 75,96,82,17,741 66,60,73,21,097 Previous Year 80,24,50,43,489 12,28,69,01,869 2,78,13,10,996 89,75,06,34,362 19,10,58,45,064 4,28,97,94,833 25,23,26,632 23,14,33,13,265 66,60,73,21,097 61,13,91,98,425 -

11.1 The fixed assets do not include assets acquired on sale-cum lease basis from various Financial Institutions, whereon the lease rent for the year is charged to revenue. 11.2 Land & Rights have been acquired pursuant to Power Sector Reforms Scheme as such title deeds pertaining to these assets in the name of erstwhile RSEB have been continued. 11.3 Cost of land and lease rent are accounted for at the time of payment on the basis of verification of demand raised by the concerned authorities. 11.4 Fixed Assets Register has been prepared upto 2008-09 and preparation of Fixed Assets Register for the period 2009-10, 2010-11 & 2011-12 is under process. 11.5 Accounting Standard 28:- The management of company is of the view that there is no indication on the basis of which the impairment loss may be calculated. Also the following illustrative external and internal indication has also been checked for implementation of AS-28. i. Assets Market Value is always higher. ii. Company is engaged in the distribution and supply of electricity hence the question of adverse effect on the company due to change in technology, market condition, legal regulations does not arise. iii. Company is not having any other investment so there is no expectation about return on Investment iv. Repair & Maintenance and replacement of assets is the regular process for providing uninterrupted service to consumers so there is no any major obsolescence or physical damage of an assets. v. The use of assets has not changed for last several years. vi. There is no continues reduction in value of assets On the basis of these illustrative indications, the Impairment of Assets needs not to be done in the Books of Accounts for the F.Y.2015-16 11.6 The Value of fixed assets capitalised during the year have been increased by Rs. 3.23 Crore (P.Y. reduction of 23.16 Crore) on account of Material Cost Variance apportioned to fixed assets.

12 :- Capital Work in Progress Account Code As at 31.03.2016 As at 31.03.2015 Opening Balance 14.000-15.900 11,33,60,83,060 8,99,57,37,406 Additions/ (Disposals) 12,95,57,59,744 11,24,80,98,814 Capitalisation of Expenses 1,88,99,70,817 1,38,91,10,800 Transferred to Assets During the period 14,14,90,30,363 10,29,68,63,960 Closing Balance 12,03,27,83,258 11,33,60,83,060 12.2 Details of Capitalisation of Expenses on Fixed Assets: 2015-16 Expenses Opening Balance Addition Transfer to Asset Closing Balance Employee Cost 831890128 1520084321 1384694989 967279459 Adminstration & Other Cost 131233579 204203825 179171640 156265763 Finance Cost 0 326104188 326104188 0 963123706 2050392334 1889970817 1123545222 2014-15 483,323,800 1,86,89,10,706 1,38,91,10,800 96,31,23,706 13 :- Inventory for Capital Works Account Code As at 31.03.2016 As at 31.03.2015 Capital inventory and stores :- Material Stock & Related Accounts 22.639 & 22.501 1,52,04,45,036 2,02,48,89,827 Material short & excess pending investigation JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 12.1 The details/ inventory of closing CWIP as on 31.3.2016 (incomplete work orderwise with value) have been prepared (Sub Division & Circlewise) based on standard issue rate as per SINs of material issued for Capital Works plus erection charges paid with reference to CLRC work orders, value of incomplete TW, Civil works and Ground balances. 22.810, 22.506 & 22.830 89,13,063 (17,66,802) 22.910 (2,64,78,803) (2,64,78,803) Less: Provision for Obsolete and Un-serviceable Stores 1,50,28,79,296 1,99,66,44,222 13.1 Based on the consumption pattern of inventory comprising of stores and spares in the past, company is of the view that substantial portion of such inventory shall be consumed in future for construction / erection of the capital assets. Since the identification / determination of inventory to be consumed for other than capital purpose is not possible at this stage, the whole inventory of stores and spares has been classified as "Capital inventory & stores". 13.2 Final adjustment of Material stock shortage/ excess pending investigation would be carried out after investigation of reason and decision regarding final adjustment to be proposed. 13.3 Provision of obsolete stores for Rs. 26,478,803 (Previous Year Rs. 26,478,803) transferred under Transferred Scheme has been considered sufficient and no further addition has been made to it.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 14 :- Deferred Tax Assets Disclosure in accordance with AS-22 "Accounting for Taxes on Income" Net Deferred Tax Assets after setting off deferred tax liability has not been considered in accounts on prudent basis as the company is virtually not certain about the income available in future due to the past accumulated unabsorbed losses. As at 31.3.2016 As at 31.3.2015 Deferred tax assets in the begning of the year (37,47,25,73,500) (24,92,83,36,201) Deferred Tax Liability on Depreciation Difference Depreciation as per Income Tax Depreciation as per Books Difference Deferred tax Liability on above difference A Deferred tax Assets on Carry forward losses B (C/F losses related to FY 13-14 taken as per provisional return ) Deferred tax Assets on Provision on Employee Benefit C Deferred tax Assets on Provision on Gratuity & Pension Deferred Tax Assets During The year (Changes in DTA) Net Deferred Tax Liability / (Assets) at the end of the year 5,14,48,98,569 4,31,90,88,953 4,66,70,76,059 4,28,97,94,833 47,78,22,510 2,92,94,120 14,76,47,155 90,51,883 (9,53,60,29,170) (10,93,21,49,728) - (64,43,32,264) (1,62,11,39,454) (10,03,27,14,279) (12,54,42,37,299) (47,50,52,87,779) (37,47,25,73,500) 14.1 As per the provisions of the Accounting Standard- 22, deferred tax assets are not recognized in the accounts due to absence of virtual certainty supported by convincing evidence that sufficient future taxable income will not be available for realization of these assets. 14.2 Opening balance of DTA has not been considered, as no provision for DTA was made in Prev. year. 15 :- Long term Loans & Advances Account Code As at 31.3.2016 As at 31.3.2015 Unsecured & Considered Good Capital Advances Advance to RRVPNL Loans & Advances to Staff Other Parties Advances to others Claim receivable from Insurance Company for Loss by Fire 27.807 39,68,98,022 39,68,98,022 27.100-27.210 64,121 6,72,114 27.500-27.806 45,05,64,260 8,86,20,704 26.1XX - 26.7XX 9,59,155 81,85,86,673 28.749 92,92,589 - Amount Recoverable from Suppliers 28.810 10,16,492-85,87,94,639 1,30,47,77,513 15.1 Advance to RRVPNL includes Rs.360,488,647 against Land and Rs.36,409,375 against Capital Projects. 16 :- Other Non- Current Assets Account Code As at 31.3.2016 As at 31.3.2015 A. PDC Trade Receivables : Dues from PDC Consumers Net BD 23.501-23.518 1,12,70,11,981 97,34,03,414 Dues from PDC Consumers Net ED 23.521-23.538 4,74,78,025 4,40,56,311 Dues from PDC Consumers Urban CESS 23.541-23.555 26,69,882 16,29,098 Dues from PDC Consumers Water CESS 23.561-23.576 14,50,333 9,77,552 Sub (A) 1,17,86,10,221 1,02,00,66,375

B. Others (Refer note 16.3) Subsidies/Grants Receivables from State Government for Revenue Gap Amount recoverable from Govt. (Diffrence of Minimum Charges) Deferred Expenditure to the extent not written off (Refer Note No. 16.1) Less: Current portion of Deferred Expenditure to the extent not written off (Carried to Note No.20) Sub (B) 28.624 17,55,00,30,000 20,40,53,64,382 28.627 1,04,66,73,136 1,04,66,73,136 18.903 38,46,629 56,02,417 (17,55,788) (17,55,788) 18,59,87,93,977 21,45,58,84,147 C. Other Receivable (A+B+C) 28.890 43,71,76,381 47,16,75,180 20,21,45,80,579 22,94,76,25,702 16.1 :- Deferred Expenditure to the extent not written off (LIC-restructuring OF LOANS-2004) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance Account Code As at 31.3.2016 As at 31.3.2015 18.903 6,39,233 8,52,311 2,13,078 2,13,078 4,26,155 6,39,233 (LIC-restructuring OF LOANS-2004-2005) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance (LIC-restructuring OF LOANS-2004-2005) As per last Balance Sheet Less : Transferred to Statement of Profit & Loss Closing Balance 18.903 18.903 36,22,998 48,30,668 12,07,670 12,07,670 24,15,328 36,22,998 13,40,186 16,75,226 3,35,040 3,35,040 10,05,146 13,40,186 38,46,629 56,02,417 16.2 Loans taken from LIC have been restructured and Premium on restructuring is being written off as follows:- 1. LIC-restructuring Of Loans-2004 15 Years 13 th Installment. 2. LIC-restructuring Of Loans-2004-2005 14Years 12 th Installment. 3. LIC-restructuring Of Loans-2004-2005 15 Years 12 th Installment. 16.3 Keeping in view the commitment of GoR in Finacial Restructuring plan (FRP), 2005 and retierated vide MoU executed on dated 26.10.2009. Revenue gap upto 2008-09 Rs. 5249.73 crore had been depicted as subvention receivable from the State Government. However, considering the subvention distribution schedule decided in the State Cabinet meeting dated 19.10.2011 and also recognized in FRP - 2013 Rs. 2303 crore which would remain unfunded till 2022 had been reversed and shown as loss in FY 2011-12. Thus, net Rs. 2946.73 crore has been considered as subvention receivable from the State Government against which commited amount is being disbursed by the GoR regularly. After implementation of UDAY scheme, considering the provision for Grant in the State Budget for the year 2016-17 and letter no. F7(06)/Energy/2016 dated 08.07.2016 of Energy Department, GoR, the management is of the view that till any further decision by the State Government regarding adjustment/release of Grant is taken, the same has been considered as receivable and accounted for as per the earlier decision of the State Cabinet which is also in consonance with AS-12.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR CURRENT ASSETS 17 :- Trade Receivables Trade Receivables Unsecured and considered good (Refer Note No.17.1) Less: Provision for doubtful debts 17.1 :- Details of Trade Receivables Normal Trade Receivables : Sundry Debtors Collection Account Account Code As at 31.03.2016 As at 31.03.2015 23.XXX 10,50,06,72,743 11,24,51,94,667 23.901 1,04,03,55,952 1,04,03,55,952 9,46,03,16,791 10,20,48,38,715 Account Code As at 31.03.2016 As at 31.03.2015 23.101-23.300 10,10,26,19,538 10,77,53,32,949 23.301/23.351 39,80,53,205 46,98,61,718 10,50,06,72,743 11,24,51,94,667 Account Code As at 31.03.2016 As at 31.03.2015 Normal Trade Receivables : Sundry Debtors for Sale of Power 23.101-23.118 & 23.801 9,19,39,76,853 9,92,07,26,926 Sundry Debtors for Electricity Duty 23.201-23.218 66,36,33,410 62,44,11,515 Water Cess 23.252-23.266 15,48,63,136 14,08,87,429 Urban Cess 23.231-23.245 9,01,46,139 8,93,07,079 Sub- 10,10,26,19,538 10,77,53,32,949 Sundry Debtors Collection Account 23.301/23.351 39,80,53,205 46,98,61,718 Sub- 39,80,53,205 46,98,61,718 10,50,06,72,743 11,24,51,94,667 17.2 Provision for doubtful debts has been considered sufficient so no provision (P.Y. NIL) has been made during the year 2015-16 17.3 Age wise break up of Trade Receivables is not available. Hence the same has not been reported. 17.4 The figures under the head Trade Receivables for sale of power (Normal & PDC Trade Receivables) as per accounts are excessive in comparison to computerised MIS. The said difference amount is Rs. 65,784,688.33 (Previous year Rs. 310,415,951) which is under reconciliation. 17.5 Difference between Debit & Credit figures under the head Sundry Debtors Collection Accounts (Code- 23.301 & 23.351) is under reconciliation. 17.6 Amount received from Large Industrial Consumers against fortnight bills issued in the month of March is credited under the head Advance Deposit against Consumption Charges (FNB).

18 :- Cash and Bank Balance Cash and Cash Equivalents Balances with Banks :- JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code As at 31.03.2016 As at 31.03.2015 Bank Deposits 20.280 55,07,30,135 2,08,05,947 Current Accounts and Cash Credit from Bank 24.300-24.450 & 50.101 1,13,33,27,187 1,03,09,74,587 Cash in Hand 24.110 13,68,65,084 12,94,06,673 Cheque/DD in hand 24.111 7,33,53,692 4,97,20,233 Postage stamp in hand 24.120 5,80,840 4,18,339 Sub total (a) 1,89,48,56,938 1,23,13,25,779 Others :- Remittances in Transit 24.501-24.653 4,36,06,652 69,56,531 Cash Imprest with Staff 24.210 & 24.220 1,49,284 1,72,965 Depo.a/c.Govt. treasury PD a/c.i 24.451 10,904 56,36,68,126 Sub total (b) 4,37,66,840 57,07,97,622 1,93,86,23,778 1,80,21,23,401

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 19 :- Short Term Loans & Advances Unsecured and considered good Loans & Advances to related parties Others Loans & Advances to Staff Other Parties Income Tax Deducted at Source Entry tax Advance to Suppliers(O&M) Int. Free Advance to Suppliers(O&M) Int. Bearing Advances to Supplier / Creditors (refer Note 19.1) Account Code As at 31.03.2016 As at 31.03.2015 - - 27.100-27.210 57,43,965 45,36,596 27.500-27.806 2,59,12,756 2,81,76,525 27.421-27.425 5,31,97,918 4,72,68,721 43.105-7,48,775 26.200 2,54,35,277 50,59,42,462 25.100 11,56,75,161-7,94,65,371 1,29,17,715 30,54,30,448 59,95,90,794 19.1 :- Advances to Supplier / Creditors Account Code As at 31.03.2016 As at 31.03.2015 Advances to Supplier against purchase from M/S Nevyeli Lignite Corp. 41.157 7,02,44,683 - Against purchase from Ultratech Cement 41.115 1,85,052 1,85,052 Against purchase from Ambuja Cement 41.118 23,83,021 34,93,060 Against purchase of power J.K.Chem. 41.161 2,43,365 2,43,365 NTPC against Power Purchase 41.102-70,91,571 Lib.for Power Purchase from Shree Cement 41.109 61 61 Lib.for Power Purchase from Transtech Gr 41.128-1,83,546 Lib.for Power Purchase from Sambhav/SM 41.131 64,09,189 88,738 Lib.for Power Purchase from GMR 41.149-16,32,322 7,94,65,371 1,29,17,715

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 20 :- Other Current Assets Account Code As at 31.03.2016 As at 31.03.2015 Interest accrued but not due 28.290-28.390 1,12,257 27,80,577 Others:- Inter Unit Accounts 30.xxx-37.xxx 1,29,97,19,065 93,62,81,994 Prepaid Expenses 28.820 3,56,28,811 3,13,03,175 Sundry Receivables (S.Debtors for sale of Store) 28.101-28.190 3,94,58,388 9,52,98,596 Amount recov.from employees 28.401 3,46,600 1,89,356 Miscellaneous Expenditure to the extent not written off (Refer to Note No.16) 18.903 17,55,788 17,55,788 Unbilled Revenue net off advance consumption charges 23.401 13,68,86,19,578 12,01,31,93,046 Subsidies/ Grants Receivables (Refer Note No. 20.5) 28.624-28.690 14,73,00,05,727 6,06,76,65,394 Loss Due to Theft of Fixed Assets/ Inventory 28.512 87,68,565 - Subsidy receivable against interest on bonds 28.636-1,84,93,39,064 29,80,44,14,779 20,99,78,06,990 Unbilled Revenue accrued but not due Less: Advance Consumption Charges (FNB) 23.401 13,76,42,83,000 12,08,24,35,000 47.602 7,56,63,422 6,92,41,954 13,68,86,19,578 12,01,31,93,046 20.1 Inter Company Receivables and Payables are shown after netting off. 20.2 In the opinion of the Management, the Current Assets and Loans & Advances are of the value as stated in the Accounts, if realized in the ordinary course of business. 20.3 The GoR signed a Memorandum of Understanding (MoU) on dt. 26.10.2009 with the Discom to allow coverage of losses & minimum charges till F.Y. 2008-09, in view of the above said MOU, GoR has released Rs.2,719,800,000 ( P.Y. Rs. 2,589,900,000) in 2015-16 to Jodhpur Discom. 20.4 The Unbilled Revenue Rs. 13,688,619,578 ( P.Y. Rs. 12,013,193,046) is net off of advance consumption charges Rs.75,663,422 (Previous year 69,241,954). 20.5 Subsidies/ Grants Receivables Amount recoverable from Govt.(Tariff Subsidy) Amount Receivable From Govt-Hailstorm Subsidies/Grants Receivable from State Govt. for Rev. Gap GBI Receivables. from IREDA Account Code As at 31.03.2016 As at 31.03.2015 28.628 11,84,57,77,834 3,24,80,82,735 28.629 4,33,978 4,33,978 28.624 2,85,49,29,382 2,71,93,95,000 28.632 2,88,64,533 9,97,53,681 14,73,00,05,727 6,06,76,65,394

21 :- Revenue from Operations Sale of Power (Refer Note No. 21.1 & 21.2 ) Other Operating Revenue (Refer Note No. 21.3) 21.1 :- Sale of Power JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code Account Code For the year ended 31st March, 2016 For the year ended 31st March, 2015 97,49,80,86,460 80,29,24,25,797 2,33,79,73,532 4,13,49,21,313 99,83,60,59,992 84,42,73,47,110 For the year ended 31st March, 2016 For the year ended 31st March, 2015 Revenue from Sale of Power ( Inter Companies ) Domestic 61.200-61.209 13,69,90,95,972 11,48,51,41,655 Non-Domestic 61.210-61.219 7,05,27,33,191 5,63,29,72,689 Public Street Light 61.220-61.229 64,76,30,715 62,47,88,698 Agriculture Meter 61.230-61.239 39,15,77,46,322 31,21,35,39,262 Agriculture Flat 61.240-61.249 6,61,93,38,061 5,82,80,53,082 Agriculture Nursery 61.360-61.369 33,65,084 1,13,81,909 Agriculture Poultry 61.370-61.379 17,98,996 15,92,501 Small Industrial Power 61.250-61.259 1,17,38,83,226 1,09,61,60,998 Medium Industrial Power 61.260-61.269 3,82,86,50,926 3,22,10,30,168 Large Industrial Power 61.270-61.279 7,58,23,57,775 7,25,40,38,493 Small Industrial Power (W/W) 61.280-61.289 1,23,09,39,006 1,05,93,24,185 Medium Industrial Power (W/W) 61.290-61.299 58,62,25,039 50,47,38,125 Large Industrial Power (W/W) 61.300-61.309 2,87,15,61,155 2,23,80,50,575 Bulk Supply For Mixed Load 61.310-61.334 2,09,70,59,466 1,76,67,80,330 Sub- 86,55,23,84,934 71,93,75,92,670 Electricity duty Recoverable 61.501-518 3,20,82,82,764 2,97,33,16,935 Water Cess 61.521-61.534 43,53,23,375 41,28,05,099 Urban Cess 61.401-413 45,17,53,444 44,11,77,979 90,64,77,44,517 75,76,48,92,683 Meter Rent 61.601 21,33,88,282 19,94,00,839 Transformer Rent 61.603 4,41,05,507 3,89,37,937 Service Line Rental 61.602 26,18,186 1,99,468 Recovery From Theft 61.710-720 52,00,50,553 28,03,99,886 Fuse Charges 61.901 90,57,831 Re-Connection Fee 61.902 4,02,34,068 1,69,51,293 Public lightening maintanance.charges 61.903 1,15,41,619 3,44,74,490 Fixed Service Charges 61.904 9,57,14,57,045 7,23,19,12,214 Meter Box Charges 61.914 2,19,64,248 1,84,59,032 Misc. Charges 61.919 17,62,44,496 8,98,93,455 Notional Revenue Due To Reduction Of T&D Losses 61.931 25,91,37,137 - Sub- 10,86,97,98,972 7,91,06,28,614 Grand 1,01,51,75,43,489 83,67,55,21,297 Less: Electricity Duty Payable Contra 61.541-61.558 3,20,82,82,763 2,97,33,16,935 Less: Water Cess Payable Contra 61.561-61.576 43,53,23,374 41,28,05,099 Less: Urban Cess Payable Contra 61.451-463 45,17,53,444 44,11,77,979 Notional Revenue Due to Reduction of T&D Loss(Contra) 61.932 25,91,37,137 - Net Revenue From Sale Of Power 97,16,30,46,771 79,84,82,21,284 Add: Receipt from sale of power through Trading Indian Energy exchange (IEX) 62.450 26,48,139 99,73,921 Power Exchange India Ltd. (PXIL) 62.455 33,23,91,550 43,42,30,592 Grand 97,49,80,86,460 80,29,24,25,797

21.2 - Element Wise Analysis of Revenue from Sale of Power S No. Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 1 Energy Charges 61.201-371 86,88,53,82,546 73,14,73,01,573 2 Power Factor Surcharge 61.202-372 (3,26,53,951) (1,59,02,800) 3 Fuel Surcharge 61.203-373 49,46,06,524 30,38,38,469 4 Shunt Capacitor Surcharge 61.204-374 51,00,16,864 41,07,34,319 5 Load Surcharge 61.205-375 25,58,05,528 68,55,49,586 6 Adjustment of Past Billing 61.206-378 (1,54,99,84,658) (2,58,99,97,654) 7 Other Charges 61.209-379 (1,07,87,917) (39,30,823) 8 Sub (1 to 7) 86,55,23,84,936 71,93,75,92,670 9 Electricity Duty Recoveries 61.501-518 3,20,82,82,763 2,97,33,16,935 10 Water Cess 61.522-61.534 43,53,23,374 41,28,05,099 11 Urban Cess 61.401-413 45,17,53,444 44,11,77,979 12 (8 to 11) 90,64,77,44,517 75,76,48,92,683 13 Meter Rent/Service Line Rental 61.601-603 26,01,11,975 23,85,38,244 14 Recoveries for theft of Power/ Malpractice 61.710-61.720 52,00,50,553 28,03,99,886 15 Misc. Charges from Consumers 61.901-61.950 9,83,04,99,307 7,39,16,90,484 16 Notional Revenue due to reduction of T&D losses 61.931 25,91,37,137-17 Gross Revenue from Sale of Power (12to 16) 1,01,51,75,43,489 83,67,55,21,297 18 Less : i) Electricity Duty Payable (Contra) 61.541-556 3,20,82,82,763 2,97,33,16,935 19 ii) Other State Levies Payable WC(Contra) 61.562-61.576 43,53,23,374 41,28,05,099 iii) Other State Levies Payable UC(Contra) 64.451-463 45,17,53,444 44,11,77,979 20 Notional Revenue due to reduction of T&D losses(contra) 61.932 25,91,37,137-20 Sub 18 to 20 4,35,44,96,718 3,82,73,00,013 21 Net Revenue From Sale Of Power 97,16,30,46,771 79,84,82,21,284 Add: Receipt from sale of power through Trading 22 Indian Energy exchange (IEX) 62.450 26,48,139 99,73,921 23 Power Exchange India Ltd. (PXIL) 62.455 33,23,91,550 43,42,30,592 24 Sub 23 to 24 33,50,39,689 44,42,04,513 25 Grand 97,49,80,86,460 80,29,24,25,797 21.3 :- Other Operating Income Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 Delayed Payment Charges from Consumers 62.250 2,22,11,40,136 1,93,81,02,313 Recovery from RVUN, true up credit 62.950 11,68,33,396 79,32,00,000 Recovery from RVUN, true up credit - 1,40,36,19,000 2,33,79,73,532 4,13,49,21,313 21.4 Revenue from Sale of power includes provision for unbilled revenue of Rs. 13,764,283,000 (Previous Year Rs.12,082,435,000). 21.5 Subsidy against ED Rs. 3,208,282,763 (PY:- 3,200,000,000) of this year has been recognized as subsidy income for the year.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 22 :- Other Income Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 Revenue from Subsidy & Grants (Refer Note. No. 22.1) 63.xxx 4,71,70,80,763 4,65,59,64,000 Income from sale of Stores & Scrap etc. 62.340 14,94,93,761 17,49,75,904 Deferred Revenue Income Written Off(Refer Note. No. 22.1) 64.4xx 1,39,70,57,955 1,16,41,52,270 Interest Income (Refer Note No. 22.2) 62.210-62.270 3,15,00,443 2,41,04,049 Revenue from Testing Charges 62.370 1,91,420 2,10,920 Gain on Sale of Fixed Assets 62.400 25,89,07,763 22,92,35,412 Other non-operating income (net of expenses directly attributable to such income) (Refer Note No. 22.3) 44,62,98,949 32,80,82,087 7,00,05,31,054 6,57,67,24,642 22.1 :- Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 Revenue from subsidies and grants ED Subsidy from State Govt. (Refer Note 22.4) Subvention from State Govt.for intt.diff.on WB loans Cash Support From State Govt Subsidy against Compounding Charges Subsidy against Stamp Duty Sub (1) Deferred Revenue Income Written Off Subsidy cost of Capital Assets written off Deferred Revenue Income written off Grants cost of Capital Assets written off Deferred Revenue CCSL written off 63.110 3,20,82,82,763 3,20,00,00,000 63.200 3,03,62,000 3,36,00,000 63.300 1,38,92,00,000 1,32,30,00,000 63.302 8,92,36,000 2,57,36,000 63.600-7,36,28,000 4,71,70,80,763 4,65,59,64,000 64.100 15,44,969 15,44,969 64.620 51,91,080 51,91,080 64.300 25,55,77,638 15,11,01,124 64.410 44,95,01,083 44,95,01,083 64.411 7,42,30,975 7,42,30,976 Deferred Revenue CCSL written off (2010-11) Deferred Revenue CCSL written off (2011-12) 64.412 9,96,59,361 9,96,59,361 Deferred Revenue CCSL written off (2012-13) 64.413 10,56,40,259 10,56,40,259 Deferred Revenue CCSL written off (2013-14) 64.414 16,31,16,146 16,31,16,149 Deferred Revenue CCSL written off (2014-15) 64.415 11,41,67,269 11,41,67,269 Deferred Revenue CCSL written off (2015-16) 64.416 12,84,29,175 - Sub (2) 1,39,70,57,955 1,16,41,52,270 6,11,41,38,718 5,82,01,16,270 22.2 :- Interest Income Interest on Loans and Advances to staff Interest from Suppliers Income from Fixed Deposits in Bank Interest on Income Tax Refund Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 62.21X- 62.21X 62.221 55,92,965 2,32,52,976 62.224 2,37,86,052 8,51,073 62.270 21,21,426 3,15,00,443 2,41,04,049

22.3 :- Other Non Operating Income S. No. Account Code 1 Miscellaneous receipts :- Rental from Staff Quarters Excess on Physical Verification Material Stock Sale of Tender Forms Registration Fees E- Auction Receipt CTL Fees MIS Receipt from Trading Rebate on Payments For the year ended 31st March, 2016 For the year ended 31st March, 2015 62.901 15,54,806 16,13,923 62.905 & 62.700 700 29,651 62.917 31,55,900 28,56,212 62.918 1,97,49,821 1,18,64,508 62.350 1,02,568-62.351 76,99,451-62.369 9,12,000-62.921-62.999 & 62.910 2,23,70,307 2,96,26,386 62.903 18,000 - Hire & rental Charges of Machinery Income From Right Of Information 62.909 29,475 30,090 Rebate/Discount Availed 62.919 7,51,91,175 3,95,60,095 Other Misc. Receipts 62.950 31,55,14,746 20,71,68,665 Supervision Charges - 3,53,32,557 44,62,98,949 32,80,82,087 22.4 Subsidy against ED Rs. 3,208,282,763 (Previous Year 3,200,000,000) of this year has been recognized as subsidy income for the year.

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 23 :- Purchase of Power Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 Purchases of Power (Refer Note No. 23.1) 70.10X-70.600 83,46,22,34,875 80,21,66,20,755 Transmission Charges 70.110, 184, 401, 425 11,16,32,28,334 9,10,14,21,075 Unscheduled Interchanges 70.111 (6,02,99,417) 81,83,76,298 State Load & Dispatch Charges 70.109 5,46,47,880 8,96,87,195 Notional Cost of P.P. reduction-t&d Losses 70.951 71,17,63,338 - Notional Cost of P.P. reduction-t&d Losses (Contra) 70.952 (71,17,63,338) - 94,61,98,11,672 90,22,61,05,323 23.1 Pursuant to the provisions of the Electricity Act, 2003, w.e.f. 01.04.2004. The company has started purchasing power at its own.for this purpose a separate cell, namely Rajasthan Discoms Power Procurement Centre (RDPPC), has been created which is looking after Power Purchase activity on behalf of the company. 23.2 The Power Purchase from RVUN has been arrived at by apportioning the total units of energy availability from all the power stations of RVUN in the approved predetermined ratio of 40:28:32 for the period of 1st April,2015 to 31st March, 2016 of JVVNL, AVVNL, JDVVNL respectively as per Energy Deptt. GoR Order No. F.15(4) Energy/2003/pt.II Jaipur Dated 18/06/2014 (Previous Year 40:28:32)The adjustment of underdrawal / overdrawal from the predetermined ratio as above, has been carried out at the end of financial year. 23.3 In respect of power being supplied by RVPNL through their shared project, the energy & cost is being accounted for as per bills raised by them. The energy cost towards such supply of power from RVPN s shared project is accounted for as per tariff & amount fixed by RERC. The RVPN is raising bills on this account on monthly basis proportionately of the total generation cost recovery fixed by RERC in RVPN s tariff order. 23.4 The adjustment of unscheduled interchange (UI) charges has been made on the basis of advices received from RVPN. The unscheduled interchange (UI) charges paid have been netted off with the unscheduled interchange (UI) charges received. 23.5 Cut off date for Power Purchase has been taken as 31st July, 2016 for incorporating adjustment relating to Power Purchase cost for the year 2015-16 and for the sister concern up to the date of finalization of accounts. 23.6 Bill towards sale of infirm power from the thermal generating station are raised by RVUNL towards recovery of of actual fuel cost in accordance with para of RERC Tariff Regulation, 2009. The Company has accounted the same on the basis of verification by SE (RDPPC). 23.7 No Mega Volt Ampere Reactive (MVARH) Charges has been charged by RVUN during the financial year 2015-16, However, a bill of Rs. 7.28 Crore for the year 2007-08 & 2008-09 has been raised by RVUN during the financial year 2015-16. 23.8 As per clause 7 of RERC regulation 2010 obligation for financial year 2015-16 for purchase of renewable energy (RE)/renewable certificate (REC) was 2325.82 MU (wind - 7.30%, Biomass - 0.90% & Solar - 2% total - 10.20% of Purchase) against which 2185.39 MU (9.58%) has been purchased by the Discom and balance obligation of 140.43 MU amounting to Rs. 47.76 crore (considering pool rate @ 3.4012 per unit) remained as unfulfilled amount. 24 :- Repairs & Maintenance Account Code For the year ended For the year ended 31st March, 2016 31st March, 2015 Plant & Machinery 74.000-74.143 48,24,51,104 50,53,46,927 Buildings 74.201-74.235 1,18,32,862 1,31,31,888 Civil Works 74.301-74.333 40,77,585 19,02,858 Lines, Cables & Networks 74.501-74.525 40,00,49,533 47,76,08,853 Vehicles 74.600-74.670 1,04,46,062 1,18,62,770 Furniture & Fixtures 74.701-74.800 5,28,717 3,15,342 Office & Other Equipments 74.801-74.89X 17,39,582 23,06,902 91,11,25,445 1,01,24,75,540

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 25 :- Employee Benefits Account Code For the year ended For the year ended 31 March, 2016 31 March, 2015 Salaries and incentives (Refer Note No. 25.1) 75.100-75.690 4,96,92,61,138 4,36,36,97,055 Contributions to - D.L.I. Board's Contribution 75.620-621 1,17,58,927 88,33,779 E.S.I. Board's Contribution 75.622 13,53,357 21,60,193 Payment under Gr. Insc. By Nigam 75.631 14,37,907 19,19,893 Payment under workmen Compensation Act 75.629 4,67,58,382 4,76,53,051 Staff welfare expenses (Refer Note No. 25.2) 75.610-75.800 9,42,98,171 6,68,46,134 Terminal Benefits (Refer Note No. 25.3) 75.810-75.870 3,52,62,38,822 4,03,73,08,239 8,65,11,06,704 8,52,84,18,344 Less: Employee Cost Capitalised 75.900 1,52,00,84,321 1,33,17,82,092 7,13,10,22,383 7,19,66,36,252 25.1:- Salary & Incentives Account Code For the year ended For the year ended 31 March, 2016 31 March, 2015 Salary, Wages & Allowance Salaries 75.100-75.196 2,12,86,91,381 2,04,18,24,706 Overtime 75.200-75.269 1,61,36,020 1,57,92,419 Dearness allowance 75.300-75.369 2,32,26,87,706 1,85,74,04,440 Dearness pay 75.012-75.052 6,26,183 4,22,314 Other Allowances 75.400-75.469, 612 26,26,22,973 24,00,72,480 Ex-Gratia & Bonus Payment 75.501-552 & 615 7,06,03,518 6,86,38,500 Honorarium 75.616 17,87,903 3,62,591 Earned leave encashment 75.617 16,45,77,355 13,77,14,327 Incentive issue of first bill 75.619-10,755 Incentives on R.C. 75.624-75.625 14,72,572 12,24,573 Incentive Others 75.627 36,895 2,21,040 Conveyance Expenses 75.632 18,632 8,910 4,96,92,61,138 4,36,36,97,055 25.2 :- Staff Welfare Expenses Account Code For the year ended For the year ended 31 March, 2016 31 March, 2015 Other Welfare Exp. 75.610 44,627 Medical Expenses Reimbursement 75.611 2,09,83,854 2,03,40,616 Training Expenses 75.614 8,50,879 6,73,803 Medical Expenses 75.710 4,01,835 3,81,503 Gen.Group Inc. Employer's Share 75.715 45,54,017 30,89,044 Uniform & Livery Expenses 75.740 1,73,81,111 1,60,70,497 Soap & Duster 75.741 26,23,232 31,61,255 Safety Devices 75.742 4,09,90,569 2,23,75,122 Other Welfare Exp. 75.760 8,56,900 5,73,294 Annuity benefits 75.770 1,13,650 1,81,000 Mediclaim Policy Premium 75.864 54,97,497-9,42,98,171 6,68,46,134

25.3 :- Terminal benefits Account Code For the year ended For the year ended 31 March, 2016 31 March, 2015 CPF Boards Contribution 75.810 13,65,78,356 11,08,23,952 FPS Boards Contribution 75.820 13,43,84,713 9,25,68,059 Board's Contribution to Superannuation 75.830 2,31,08,01,970 2,42,43,04,117 Terminal Benefits Gratuity 75.840 67,21,00,918 1,04,79,76,233 Earned leave encashment 75.851 26,99,43,985 36,16,35,878 Compensation charges 75.870 24,28,880-3,52,62,38,822 4,03,73,08,239 25.4 Provision for DA arrears has been accounted for on the basis of pay + dearness pay for the period Jan. 2016 to March., 2016 as increased by the State Government and subsequently adopted by the company. 25.5 Actuarial Calculations as per revised AS 15 Method:Projected Unit Credit Period Covered Assumptions Gratuity 2015-16 Pension Leave Encashment Discount Rate 7.75% p.a. 7.75% p.a. 7.75% p.a. Expected Return On Plan Assets 8% p.a. 8% p.a. N/A Mortality (Active Employees) 100% of IAL* 100% of IAL 100% of IAL future Salary Increases 5% p.a 5% p.a 5% p.a Disability nil nil nil Rate of Increase in Pension n.a. 4% p.a. n.a. Retirement 60 yrs 60 yrs - Employee turnover rates 1% 1% 1% * IAL : India Assured Lives Mortality (2006-08) Modified Ultimate. Changes in the Present Value of the Obligation and in the Fair Value of the Assets (Amount in lakhs) 2015-16 Gratuity Pension Leave Encashment P. V. of obligation Beginning Of The Period 27,288 2,37,617 12,788 Interest Cost 2,007 18,314 1,010 Current Service Cost 1,222 11,718 1,018 Past Service Cost 0 0 Benefits Paid (3,850) (11,823) Actuarial (gain) loss on Obligation 3,944 (4,470) -306 P.V. Of obligation End Of The Period 30,611 2,51,356 14,510 F.V. of plan Assets Beginning Of The Period 8,282 29,670 - Expected Return On plan assets 633 2,213 - Contributions 3,092 7,723 - Benefits Paid (3,850) (11,823) - Actuarial gain (Loss) Plan Assets (191) 232 - F.V. of plan Assets End Of The Period 7,966 28,015 - Actuarial gain (loss) to be recognised (4,135) (4,702) -

Balance Sheet Recognition (Amount in lakhs) 2015-16 Gratuity Pension Leave Encashment Present Value Of Obligation 30,611 2,51,356 14,510 Fair Value Of Plan Assets (7,966) (28,015) 0 Liability (assets) 22,645 2,23,341 14,510 Unrecognised Past Service Cost 0-0 Liability (asset) recognised in the B/S* 22,645 2,23,341 14,510 Profit & Loss - Expenses (Amount in lakhs) 2015-16 Gratuity Pension Leave Encashment Current Service Cost 1,222 11,718 1,018 Interest Cost 2,007 18,314 1,010 Expected Return On plan assets (633) (2,213) 0 Net Actuarial (gain) loss recognised in the year 4,135 (4,702) -306 Past Service Cost - - - Expenses Recognised in the statement of Profit & Loss 6,731 23,117 1,722 Actual Return On Plan Assets (Amount in lakhs) 2015-16 Gratuity Pension Leave Encashment Expected Return On plan assets 633 2,213 0 Actuarial gain (Loss) Plan Assets -191 232 0 Actual Return On Plan Assets 442 2,445 0 Movement in the net Liability recognised in the Balance Sheet (Amount in lakhs) 2015-16 Gratuity Pension Leave Encashment Opening net Liability 19,006 1,88,445 12,788 Expenses 6,731 30,261 1,723 Contribution (3,092) (10,759) - Closing Net Liability 22,645 2,07,947 14,511 25.6 No provision has been made in respect of HPL of employees accured during the year because a reliable estimate of the amount of the obligation can not be made as per AS - 29.

26 :- Finance Costs JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Interest expense (Refer Note No. 26.1) 28,54,65,03,653 25,58,71,26,763 Other Borrowing Cost (Refer Note No. 26.2) 2,80,36,25,357 1,54,89,78,750 Lease Rental 78.891-27,49,775 31,35,01,29,010 27,13,88,55,288 Less: Finance Cost Capitalised 78.900 32,61,04,188 37,33,22,221 31,02,40,24,822 26,76,55,33,067 26.1 :- Interest Expenses Account Code For the year ended 31 For the year ended 31 March, 2016 March, 2015 Bonds 78.200 3,25,31,99,794 4,32,41,10,414 Less Subsidy on interest on Bonds 63.501 (1,83,12,60,936) (4,13,67,39,064) 1,42,19,38,858 18,73,71,350 Fee Paid to ROC for raising Authorized Share Capital 78.000-50,00,000 Loans from Financial Institutions 78.100, 78.401-78.703 11,35,57,10,800 8,36,12,58,633 Loan from Commercial Banks 78.523-78.700 15,36,43,20,878 16,63,79,78,895 Security Deposit to Consumer 78.620 40,45,33,117 39,55,17,885 28,54,65,03,653 25,58,71,26,763 26.2 :- Other Borrowing Cost Finance Charges:- Delayed Payment Charges of Power Purchase Stamp duty/ Registration Fees Bank Charges on Remittance Bank Commission for Collection from consumer Other Bank Charges Guarantee Charges LC Limit Opening Charges Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 78.840 1,91,36,64,555-78.861 7,704-78.881 66,251 18,97,887 78.882 65,702 83,130 78.883 24,45,982 76,71,098 78.884 86,41,71,189 1,52,39,41,004 78.886 2,32,03,974 1,53,85,631 2,80,36,25,357 1,54,89,78,750 26.3 Interest on World Bank loan/ APDRP Loans received through State Government has been paid for full year irrespective of date of receipt. 26.4 Credit of accrued interest on consumer security deposit and interest on meter security in respect of permanently disconnected consumers (PDC s) are allowed only at the time of final settlement of the dues. 27 :- Depreciation and amortization expense Depreciation on Building Depreciation on Civil Works Depreciation on Plant & Machinery Depreciation on Line & Cable Network Depreciation on Vehicles Depreciation on Furniture & Fixtures Depreciation on Office Equipments Account Code For the year ended 31 For the year ended 31 March, 2016 March, 2015 77.120 9,74,80,051 9,34,84,008 77.140 46,88,004 47,09,085 77.150 1,78,44,14,512 1,62,44,01,086 77.160 2,76,31,86,479 2,55,20,12,328 77.170 3,82,267 4,41,665 77.180 18,49,046 14,19,559 77.190 1,50,75,700 1,33,27,102 4,66,70,76,059 4,28,97,94,833

28 :- Other Expenses Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Administrative and Other Expenses: Rent, Rates & Taxes 76.000-76.102 31,56,032 31,38,417 License & Registration fee of Plant & Machinery 76.103 1,25,29,200 1,01,63,000 Insurance 76.104-76.107 44,16,047 42,91,507 Security Service Charges 76.108 5,14,92,421 5,55,90,169 Telephone,Telex & EPABX Expenses 76.111, 76.114 2,02,79,244 1,81,22,951 Postage & Telegram 76.112 36,38,917 31,58,217 Service Charges E-AUCTION 76.115 36,00,106 - Legal Charges, Technical Fees 76.121, 76.124 1,52,18,628 1,01,09,579 Payment to Auditors 76.122 5,93,870 7,80,247 Consultancy Charges 76.123 1,10,19,787 1,52,01,381 Professional Charges 76.125 19,893 66,873 Payment for Revenue Audit 76.126 99,08,434 3,03,058 Travelling Exp. - Actual Fare & Other 76.131-76.133 8,04,14,863 8,02,33,117 Transaction Fee IEX 76.141 1,79,776 8,02,84,973 Fees Payable To PXIL 76.143-36,98,893 News Paper & Magazines 76.150 15,086 30,585 Vehicle Running Expenses 76.136-76.139 12,47,77,794 10,36,16,044 Other Miscellaneous Expenses 76.151-76.197 34,44,43,811 24,33,47,134 Freight & Material Related Expenses 76.210-76.320 7,97,11,890 7,82,22,661 Sub 76,54,15,799 71,03,58,806 Less:Admin and other expenses capitalised 76.900 20,42,03,825 16,38,06,394 (A) 56,12,11,974 54,65,52,412 Other Debits Deferred revenue exp.w/off 79.722 17,55,788 17,55,788 Comp.For Int.Dth.Damage. 79.530-76.531 87,29,160 1,15,90,887 Bad Debts written off dues consumer 79.410 1,02,90,738 25,67,167 Loss Due to Theft of Fixed Assets 79.565 87,68,565 - Provision for Bad and Doubtful Debts 79.470 12,99,50,895 (B) 2,95,44,251 14,58,64,737 Rebates allowed To Consumers : Discount to consumers for TP of bills 78.820 79,450 - Rebate on Tariff on New Industries 78.821 5,54,99,543 16,84,92,226 Rebate for supply on specific voltage 78.822 9,82,19,633 6,77,03,378 Due to round off of Rupees 78.823 93,235 2,07,575 Rebate to PSL for providing Timers 78.824 1,22,30,246 3,05,75,745 Concession in Minimum Charges to K.JY.C 78.826 2,78,820 - Rebate allowed by settlement committees 78.827 65,94,852 1,99,29,001 Lps/Dps written off 78.828 48,33,170 18,94,666 Rebate On account of Defective Meters 78.833 31,14,594 - (C) 18,09,43,543 28,88,02,591 Grand [ (A)+(B)+(C)] 77,16,99,768 98,12,19,740 28.1 In the absence of determination of rent of buildings of Nigam occupied by other successor companies of erstwhile RSEB and vice versa neither income nor expenditure has been accounted for during the year. 28.2 Payment to Auditors JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Statutory Auditors 76.122 4,27,500 4,21,350 Tax Auditors 76.122-29,214 Cost Auditor 76.122 49,000 35,580 Others 76.122 19,285 2,94,103 Reimbursement of expenses 76.132 98,085 1,36,098 5,93,870 9,16,345

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 29 :- Prior Period Items Account Code For the year ended 31 March, 2016 For the year ended 31 March, 2015 Income relating to previous year : 65.110-65.900 Receipts from Consumer relating to prior period 65.200 13,97,643 (6,28,19,907) Excess Provision for Int. & Fin. Charges 65.700 (27,80,577) Other Excess Provision in prior period 65.800 2,14,48,704 1,26,41,129 Other Income related to prior period 65.900 1,68,09,56,616 (26,16,76,269) Sub 1,70,10,22,386 (31,18,55,047) Less : Prior period expenses/loss : 83.100-83.840 Short Prov.for Power Purchase in prev.yr. 83.100 2,19,66,53,000 61,16,59,445 Operating Exp.of previous year 83.300 (2,50,000) - Employees Cost rel.to prev.yr. 83.500 12,73,526 1,00,36,48,792 Int.& other fin.ch.rel.to prev.yr. 83.700 57,427 2,61,48,865 Material related exp.relating to prev.yr. 83.840 92,896 (37,83,332) Admin & general expenses 83.820 (4,63,18,301) 4,40,00,358 Sub 2,15,15,08,548 1,68,16,74,128 (45,04,86,162) (1,99,35,29,175)

JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR 30 :- Earnings Per Equity Share (EPS) - Basic & Diluted EPS Basic & Diluted EPS Unit For the year ended 31 March, 2016 For the year ended 31 March, 2015 Net Profit after tax as per Statement of Profit and Loss attributable to Equity Shareholders (a) Weighted Average number of equity shares used as denominator for calculating EPS (b) Earning Per Share (EPS) (a/b) Face Value per equity share Rs. (32,73,86,55,265) (41,46,12,22,178) No. 4,31,60,14,472 3,39,17,68,652 Rs. (7.59) (12.22) Rs. 10 10 Details of Weighted Average No. of Shares Outstanding at the end of the year 2014-15 and 2015-16 No. of Shares Weighted Average No. of Shares 2015-16 2014-15 2015-16 2014-15 Opening Balance of Shares Outstanding 3,58,74,24,200 1,58,83,46,000 3,58,74,24,200 1,58,83,46,000 Shares issued during the year :- on Dated:- 26-06-2014 7,25,00,600-5,54,18,267 16-09-2014 4,83,33,500-2,60,86,848 12-05-2014 4,83,33,400-1,54,93,172 30-03-2015 12,41,66,700-6,80,365 31-03-2014-1,70,57,44,000 13-08-2015 1,06,76,82,800 67,67,82,540 16-11-2015 13,54,40,000 5,06,97,486 29-03-2016 13,54,50,000 11,10,246 4,92,59,97,000 1,88,16,80,200 4,31,60,14,472 3,39,17,68,652

31 Other Disclosures 31.1 31.2 JODHPUR VIDYUT VITRAN NIGAM LIMITED JODHPUR Claims of interest subsidy for Rs. 15,079,150 (Previous year Rs. 15,079,150) has been lodged on PFC after compliance of terms and conditions of loan and the same is yet to be passed on by them. Contingent liabilities are not provided for in respect of:- (a) Letter of credit of Rs. 1,208,464,000 (Previous Year Rs. 1,138,308,000 ) have been utilized as on 31.03.2016 out of the total letter of credit exposure limit allowed by SBBJ of Rs. 1,300,000,000.(P.Y. Rs. 1,300,000,000) (b) Liability on account of legal cases against the Company pending at various levels of Courts & Departments is as follows:- Name of the Statute Nature of the Dues No. of cases Amount Involved(Rs.i n crores) Period to which it relates Forum where dispute is pending Rajasthan High Court, Jodhpur Compensation and Interest 196 14.61 1998 to 2016 Pending in Hon'ble Rajasthan High Court, Jodhpur Supremen Court of India, New Delhi Rev /Lease Rent/Actual Capital Exp/wealth tax/ sales tax/tariff/revenue/compensation/e D WCC/ service 64 Amount cannot be ascertained 1993 to 2015 Pending in Hon'ble Supreme Court, New Delhi. Rajasthan High Court, Jodhpur Miscelleneous 678 Amount cannot be ascertained 1997 to 2016 Pending in Hon'ble Rajasthan High Court, Jodhpur High Court Bench, Jaipur Service/ Compensation/Revenue/safety majors 30 Amount cannot be ascertained 1999 to 2014 Pending at High Court Bench, Jaipur. National Commission, New Delhi Revision/Appeal/ 29 Amount cannot be ascertained 1999 to 2015 Pending at Hon'ble National Commission, New Delhi. Rajasthan Electricity Duty 1962 Interest of Electricity Duty 1 7.8 2002-03 to 2004-05 Dy. Commissioner Commercial Taxes Department Rajasthan Electricity Duty 1962 Electricity Duty 1 10.27 2004-05 to 2005-06 Pending in Hon'ble Rajasthan High Court, Jodhpur Rajasthan Stamps Act, 1998 Stamp Duty on Loan 1 15.8 2006-07 to 2011-12 Decision is pending at State Govt. Income Tax Act, 1961 TDS and Interest thereon 10 2.09 2005-06 to 2007-08 Writ Petitions (10 Nos.) are Pending before Hon'ble Rajasthan High Court, Jodhpur. Income Tax Act, 1961 TDS and Interest thereon 6 0.63 2005-06 to 2007-08 Writ Petitions (6 Nos.) are Pending before Income Tax Appellate Tribunal, Jodhpur. A.Y. 2010- No Pending Income Tax Act, 1961 Income Tax Assessment 1 11 to A.Y. Orders lying pending at CIT(Appeal). Demand 2012-13 (c) Liability of unexecuted supply amounting to Rs. 422,226,881 (Previous year Rs.524,758,814 /- ) (d) As per decision taken in 135th co-ordination committee meeting held on 5th March,2010,the Discom has agreed sum of Rs.26 lacs (PY- Rs.24 lacs) out of Rs. 75 lacs (PY- Rs.70 lacs) of State Renewal Fund & the provision has been kept accordingly. No provision of the balnce amount of Rs. 49 lacs (PY- 46 lacs) has been made.

(e) No Mega Volt Ampere Reactive (MVARH) Charges has been charged by RVUN during the FY 2015-16, However, a bill of Rs. 7.28 Crore for the year 2007-08 & 2008-09 has been raised by RVUN during the financial year 2015-16. (f) Following amount have not been considered for payment due to the mentioned reasons :- S. No. Name of Power Suppliers Amount (in Rs.) Reasons 1 2 3 4 5 6 Adani Power Binani Cement Sirohi Ultra tech Cement Raj west Power Limited CGPL (Compensatory Tariff) PTC (GoHP Wage Revision) 2,81,43,91,527 Under observation as matter is subjudicious under regulatory commission/aptel 1,47,667 Schedule not issued by SLDC 6,616 Schedule not issued by SLDC 10,08,51,556 Under observation as matter is subjudicious under regulatory commission/aptel 66,76,13,647 Stay from Hon'ble Supreme Court 2,97,810 Reply regarding payment from PTC is still awaited. 7 PTC (GoHP)- ULDC 1,28,780 Reply regarding payment from PTC is still awaited. Charges TOTAL 3,58,34,37,603 31.3 31.4 31.5 31.6 31.7 31.8 31.9 (g) As per clause 7 of RERC regulation 2010 obligation for financial year 2015-16 for purchase of renewable energy (RE)/renewable certificate (REC) was 2325.82 MU (wind - 7.30%, Biomass - 0.90% & Solar - 2% total - 10.20% of Purchase) against which 2185.39 MU (9.58%) has been purchased by the Discom and balance obligation of 140.43 MU amounting to Rs. 47.76 crore (considering pool rate @ 3.4012 per unit) remained as unfulfilled amount. Loss by fire occurred on 02.05.2015 in Jodhpur City store amounted to Rs. 11,502,222.78 out of which Rs. 2,209,634 has been received through sale of salvage stock remaining amount has been booked under the head receivables from Insurance Company, but claim is not yet finalized. ARR & Tariff petition for Financial year 2015-16 of Jodhpur Discom is filed on 28.08.2015 before the Hon'ble RERC. Order of same is still pending. (a) Embezellement of Cash of Rs. 3,72,002/- in the office of AEN(O&M), Sangaria, subdivision of Hanumangarh Circle. The full amount along with interest of Rs. 98,824 has been recovered. amount Rs. 470,830 recovered. (b) Embezellement of Cash done by cashier (consumer's collection not deposited in Nigam's A/C) of Rs. 394,445/- in the office of AEN(B-V), Jodhpur, subdivision of City Circle, Jodhpur out of which Rs. 363,000 has been recovered. (c) Embezellement of Cash done by E-Mitra, Kiosk, Bamerla (consumer's collection not deposited in Nigam's A/C) of Rs. 629,418/- in the office of AEN(O&M), Dhorimana, subdivision of Barmer and whole amount is recovered. (d) Embezellement of Cash of Rs. 6,266,794/- in the office of AEN (O&M-I), Sridungargarh, subdivision of Bikaner Circle. FIR has been lodged in police. During the year Provision of Rs. 8,768,568 has been made in respect of Losses of theft of stores amounting to 50% of total theft of Rs.17,537,128. Cash Robbry of Rs. 5,944,986/- in the office of AEN(O&M), Napasar, subdivision of Bikaner Circle. Out of which Rs. 58,07,000 has been recovered & Rs. 137,986 is still to be recovered. FIR has been launched. A stay against land situated at barmer khasra No. 1476 has been issued by assistants district collector through summon No. 1283 dated 01.06.2005. Information regarding related parties as required by AS 18 issued by the ICAI are given below: 1) List of related parties over which control exists NIL 2) Names of related parties with whom transaction were carried out during the year and description of relationship: (a) Key management personnel : i) Ms Arti Dogra, MD (4.5.2015 to.31.3.2016) ii) Smt. Kirti Kachhwaha, Director (Finance) (1.4.2015 to 31.3.2016) iii) Sh.Sunil Mehta,Director (Technical)(1.4.2015 to 30.9.2015) iv) Sh.M.R.Vishnoi,Director (Technical)(1.10.2015 to 31.03.2016)

31.10 UDAY (Ujwal Discom Assurance Yojana) Scheme:- - The Ministry of Power, Government of India has notified on 20.11.2015 UDAY (Ujwal Discom Assurance Yojana) Scheme for the Financial Turnaround of Power Distribution Companies (DISCOMs) with an objective to achieve operational and financial turnaround of Discoms with measures envisaged in the scheme. The Tripartite MoUs amongst Government of India, State Government and Jodhpur Discom signed on 27.1.2016 with stipulating the responsibilities of all three stakeholders. The State Government has to taken over 75% Discom debt outstanding as on 30.9.2015 over two years i.e. 50% in FY16 and 25% in FY17. - - - - 31.11 Information pursuant to the provisions of the Companies Act, 2013: 31.13 (b) Details regarding parties referred to in item 2 (a) above : Salary & Allowances 35,66,962 Contribution towards pension CPF/ Gratuity Fund 86,933 36,53,895 According to the said scheme, the GoR has taken over JdVVNL s debt amounting to Rs. 8784.20 Cr. on 17.03.2016, Rs. 2988.48 Cr. on dated 31.03.2016. Further, the Government of Rajasthan taken over 9.95% bonds of Rs. 838.20 Cr. by converting special securities in May 2015, issued under FRP Scheme 2012 treated as taken over under UDAY Scheme. Thus the total debt taken over by GoR under UDAY Scheme amounting to Rs. 12610.88 Cr in FY 2015-16 by issuing Equity of Rs.1831.57 Cr. and Loan under UDAY scheme of Rs.10779.31 crore. Further, as per clause 7.2 of OM (UDAY) dated 20.11.2015, JdVVNL issued 9.70% JdVVNL 2031 bonds amounting to Rs. 6703.46 Cr. on 30.03.2016. Out of which Rs. 2815.09 Cr. taken over/repaid under UDAY by GoR on 31.03.2016 and balance of Rs. 3888.37 Cr. remained with Discom as on 31.03.2016. Discom would derive benefit through UDAY by way of saving in interest cost, reduction in AT&C and transmission losses, interventions in energy efficiency, coal reform etc. Due to continuing support of Government, implementation of UDAY Scheme as well as various measures taken by the company toward improving its operating and financial position, it is expected that the financial conditions would continue to improve in the future. The accounts are, therefore, being prepared on "Going Concern" basis. Units (MU) 2015-16 2014-15 Amount (Rs.) Units (MU) Amount (Rs.) Purchase of Energy 22933.94 94,61,98,11,672 22355.35 90,22,61,05,323 Less: Sale of energy through Power Exchange 131.77 33,50,39,689 146.91 44,42,04,513 Net availability before Tr. 22802.17 94,28,47,71,983 22208.44 89,78,19,00,810 Loss Less: Transmission Losses (MU) 1187.26 1281.41 Transmission Losses (%) 5.21 5.77 Net availability after Tr. 21614.91 20927.03 Energy Sold 16574.28 97,16,30,46,771 15844.61 79,84,82,21,284 Distribution Losses(MU) 5040.63 5082.42 Distribution Losses (%) T&D Losses (MU) 23.32 6227.89 24.29 6363.83 T&D Losses (%) 27.31 28.66 31.12 REC shall be free and fully empowered not to disburse any further assistance or shall have the option to recall the entire financial assistance released by REC, if it is found to its satisfaction that the financial assistance already disbursed has not been properly utilised or any default committed meeting its obligation and commitment to REC in terms of the provisions of the agreement. In the opinion of the management during the year no circumstances exist which may recall the assistance released by REC. All assets and liabilities are presented as current or non-current as per the criteria set out in Schedule III of the Companies Act, 2013 notified by the Ministry of Corporate Affairs vide notification No S.O. 447 (E) dated 28th February 2011 and S.O. 653 (E) dated 30th March 2011. Based on the nature of the products, power generating process and realisation, the Company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of current / non-current