CONTENTS

S.No. Chapter Name Page No.

Repesentation to President of India 2 24
1 Mr. Y.S. Rajasakhar Reddy affidavit given in 2004 Elections. 25 35
2 Income tax Return of Mrs. Y.S. Vijaya for the year 2003-04 36 39
3 Income tax Return of Mrs. Y.S. Sharmila D/o. Mr. Y.S.R. for the year 2003-04 40 45
4 Income tax Return of Mr. Y.S. Jagan Mohan Reddy son of Mr. Y.S.R. for the year
2003-04
46 51
5 GO No. 1110 issued in favor of M/s. VANPIC Ports Private Ltd - allotment of
6,493.19 acres.
52 54
6 GO No. 29, 30, 31 issued in favor of Ras Al Khaimah (Emirate of UAE) & VANPIC
Ports Pvt Ltd Nizampatnam port
55 62
7 MOU between Ras Al Khaimah and Govt. A.P. 63 72
8 Memorandum of Matrix Enport (VANPIC) 73 80
9 Form 32 of Gilchrist investments N. Prasad 81 84
10 Form 32 of ERES Projects Pvt. Ltd. 85 86
11 Govt. of A.P. Industries Dept. Lt. No. 16272-SEZ-Allotment 87 100
12 Gazette Dt. 8-6-2007 Nadergul Village Lands Issue 101 102
13 G.O. No. 329 of MA&UD permission for Star Hotel in Banjarahills, Hyderabad 103
14 G.O. No. 771 of MA&UD-relaxing FSI in Banjarahills and Jubileehills, Hyderabad 104
15 G.O. No. 659 of Revenue Department Relaxing Stamp duty to SEZ 105 106
16 Balance Sheet for the year 2007-08 of Sandur Power Company Ltd. 107 142
17 Subsidiary Companies of Sandur Power 143 144
18 List of Share Holders of Sandur Power 145 147
19 Allotment of Shares in Jagati Publications to Carmel Asia 148 151
20 Allotment of Shares in Jagati Publications to Gilchrist Investments and Alpha
Group N. Prasad
152 155
21 Appointment of Y. Jagan Mohan Reddy as director in Jagati Publications 156 159
22 List of Share Holders of Jagati Publications 160 170
23 Balance Sheet for the year 2007-08 of Jagati Publications Pvt. Ltd. 171 193
24 Allotment of shares in Raghuram Cements Ltd. To Y.S. Jagan Mohan Reddy @
Rs. 10/- each
194 198
25 Allotment of shares in Raghuram Cements Ltd. To Dalmia Cements Ltd. @ a
premium of Rs. 110/- per share and to G2 Corporate Services Ltd of N. Prasad @
a premium of Rs. 94/- per share.
199 206
26 Allotment of shares in Raghuram Cements Ltd. To India Cements Ltd. @ a
premium of Rs. 110/- per share
207 211
27 Allotment of shares in Raghuram Cements Ltd. To Sandur Power @ Rs. 10/- each 212 214
28 Allotment of shares in Raghuram Cements Ltd. To N. Prasad @ a premium of Rs.
175/- per share
215 219
29 Allotment of shares in Raghuram Cements Ltd. To Dalmia Cements Ltd. @ a
premium of Rs. 1440/- per share
220 231
30 Balance Sheet for the year 2007-08 of Janani Infrastructure Pvt. Ltd. 232 248
31 Balance Sheet for the year 2007-08 of Silicon Builders Pvt. Ltd. 249 262
32 Balance Sheet for the year 2007-08 of Harish Infrastructure Pvt. Ltd. 263 274
33 Balance Sheet for the year 2007-08 of Bhagavath Sannidhi Estates Pvt. Ltd. 275 287
34 Balance Sheet for the year 2007-08 of Marvel Infrastructure Pvt. Ltd. 288 299
35 Balance Sheet for the year 2007-08 of Shalom Infrastructure Pvt. Ltd. 300 310
36 Balance Sheet for the year 2007-08 of Capstone Infrastructure Pvt. Ltd. 311 321
37 Balance Sheet for the year 2007-08 of Inspire Hotels Pvt. Ltd. 322 333
2

F c l r u a r y 1 8
,
2 0 0 9
F c s c c i c d F a s i r a a i l i j i ,
S u l . F c q u c s i f o r d i r c c i i n g r o s c c u i i o n a g a i n s i i l c C l i c f
M i n i s i c r o f A n d l r a P r a d c s l , D r . Y . S . F a j a s c l l a r a F c d d y f o r
v i o l a i i o n o f v a r i o u s l a w s F c g .

1 . W c w i s l i o l r i n g i o Y o u r E c c l l c n c y ' s l i n d n o i i c c i l c l a r g c
s c a l c n i s u s c a n d a l u s c o f o w c r a n d o f f i c i a l o s i i i o n l y D r .
Y . S . F a j a s c l l a r a F c d d y , C l i c f M i n i s i c r o f A n d l r a P r a d c s l
a n d l i s f a n i l y n c n l c r s l c s i d c s v i o l a i i o n o f l a s i c r i n c i l c s
o f u l l i c l i f c a n d o a i l i a l c n l y l i n a s C l i c f M i n i s i c r o f
A n d l r a P r a d c s l . Y o u a r c l i n d l y a w a r c i l a i a c r s o n l o l d i n g
u l l i c o f f i c c i s c n i r u s i c d w i i l o w c r s i o l c c c r c i s c d i n
u l l i c i n i c r c s i a l o n c . I n i l c r c s c n i c a s c , C l i c f M i n i s i c r ' s
o f f i c c i s l c l d l y D r . Y . S . F a j a s c l l a r a F c d d y i n f i d u c i a r y
c a a c i i y f o r i l c c o l c o f A . P . a n d l i s c o n n i s s i o n s ,
o n i s s i o n s , n i s u s c o f l i s o w c r s a n d d c v i a i i o n s i a n i a n o u n i
i o l r c a c l o f i r u s i a i i r a c i i n g r o s c c u i i o n u n d c r i l c P r c v c n i i o n
o f C o r r u i i o n A c i a n d o i l c r c n a l l a w s .
2 . A r i i c l c 1 6 4 o f i l c C o n s i i i u i i o n o f I n d i a r c s c r i l c s o a i l o f
o f f i c c a n d s c c r c c y f o r a c r s o n i o l c s w o r n i n a s C l i c f
M i n i s i c r w l i c l r c a d s a s f o l l o w s . . . I w i l l d o r i g l i i o a l l
n a n n c r o f c o l c i n a c c o r d a n c c w i i l i l c C o n s i i i u i i o n a n d
i l c l a w w i i l o u i f c a r o r f a v o u r , a f f c c i i o n o r i l l - w i l l " . D r . Y . S .
F a j a s c l l a r a F c d d y i o o l o a i l o f o f f i c c i n i l c n o n i l o f M a y
2 0 0 4 a n d c v c r s i n c c l c l a s l c c n d o i n g c v c r y i l i n g i o v i o l a i c
i l c o a i l l y c o n f c r r i n g l c n c f i i s i o c o l c o f l i s c l o i c c a n d
c n r i c l i n g l i s f a n i l y n c n l c r s / a s s o c i a i c s / c o n c c r n s a i i l c
c o s i o f u l l i c c c l c q u c r .
2 3
3 . I i i s c r i i n c n i i o c i i c l c r c i l c l a s i c r i n c i l c s o f u l l i c l i f c
w l i c l a r c a s c n u n c i a i c d l c r c u n d c r .
( i } T l o s c w l o l o l d P u l l i c O f f i c c s l o u l d i a l c
d c c i s i o n s s o l c l y i n i c r n s o f u l l i c i n i c r c s i .
T l c y s l o u l d n o i d o s o i n o r d c r i o g a i n
f i n a n c i a l o r o i l c r n a i c r i a l l c n c f i i s f o r
i l c n s c l v c s , i l c i r f a n i l y o r i l c i r f r i c n d s .
( i i } H o l d c r s o f u l l i c o f f i c c s l o u l d n o i l a c c
i l c n s c l v c s u n d c r a n y f i n a n c i a l o r o i l c r
o l l i g a i i o n i o o u i s i d c i n d i v i d u a l s o r
o r g a n i z a i i o n s i l a i n i g l i i n f l u c n c c i l c n i n
i l c c r f o r n a n c c o f i l c i r o f f i c i a l d u i i c s .
( i i i } H o l d c r s o f u l l i c o f f i c c a r c a c c o u n i a l l c
i o u l l i c f o r i l c i r d c c i s i o n s a n d a c i i o n s a n d
n u s i s u l n i i i l c n s c l v c s i o i l c s c r u i i n y
a r o r i a i c i o i l c i r o f f i c c .
4 . S c v c r a l c o l c w c r c c o r r u i i n n a n y w a y s i n i l c l i s i o r y o f
c o r r u i i o n w l i c l i s n o i l i n g l u i n i s a r o r i a i i o n o f u l l i c
c c l c q u c r f o r r i v a i c g a i n . D r . Y . S . F a j a s c l l a r a F c d d y ,
C l i c f M i n i s i c r o f A n d l r a P r a d c s l l a s a l u s c d l i s o f f i c c f o r
c r s o n a l g a i n i o l i s l i i l a n d l i n i n c l u d i n g a n d c s c c i a l l y l i s
s o n M r . Y . S . J a g a n M o l a n F c d d y . D r . Y . S . F a j a s c l l a r a
F c d d y l a s a c l i c v c d d u l i o u s d i s i i n c i i o n o f c a n o u f l a g i n g i l c
r a n l a c i s o f c o r r u i i o n a n d n c o i i s n .
5 . I i i s a o s i i c i o r c c a l l i l c d c c l a r a i i o n o f a s s c i s s u l n i i i c d i o
i l c E l c c i i o n C o n n i s s i o n o f I n d i a l y D r . Y . S . F a j a s c l l a r a
F c d d y i n i l c y c a r 2 0 0 4 . A c c o r d i n g i o i l c s a i d d c c l a r a i i o n ,
i l c v a l u c o f l i s c n i i r c a s s c i s w a s n o i n o r c i l a n F s . 5 0

4
L a l l s . T l c o n l y v a l u a l l c a s s c i o u i o f l i s i n n o v a l l c
r o c r i i c s w a s l i s r c s i d c n i i a l l o u s c r o c r i y l o c a i c d a i F o a d
N o . 2 , D a n j a r a H i l l s , H y d c r a l a d w l i c l w a s v a l u c d a i
F s . 1 4 , 0 3 , 4 5 2 / - . D r . Y . S . F a j a s c l l a r a F c d d y l a d u l l i c l y
d c c l a r c d i l a i d u c i o f i n a n c i a l c i g c n c i c s l c n c c d c d i o
a l i c n a i c i l c s a i d l o u s c a n d a l l c g c d i l a i i l c T c l u g u D c s a n
P a r i y g o v c r n n c n i w a s n o i c l c a r i n g i l c f i l c w i i l n a l a f i d c s i o
l a r a s s l i n a s l c w a s i l c o l i i i c a l r i v a l o f i l c r u l i n g a r i y
i l c n .
6 . T l c a l o v c f a c i s g o c s i o c s i a l l i s l i l a i D r . Y . S . F a j a s c l l a r a
F c d d y ' s f a n i l y i s a f a n i l y o f n o d c s i n c a n s i i l l l c w a s s w o r n
i n a s C l i c f M i n i s i c r o f A n d l r a P r a d c s l , l u i i l c r c a f i c r i l c y
a c c u n u l a i c d l u g c r o c r i i c s l y i n d u l g i n g i n v a r i o u s
c o r r u i r a c i i c c s , i l l c g a l n c i l o d s a n d l y f l o a i i n g v a r i o u s
l c n a n i c o n a n i c s i n i l c n a n c o f l i s s o n a n d o i l c r f a n i l y
n c n l c r s / a s s o c i a i c s .
7 . T l c f a n i l y n c n l c r s o f D r . Y . S . F a j a s c l l a r a F c d d y v i z . , S r i
Y . S . J a g a n M o l a n F c d d y ( s o n } , S n i . Y . S l a r n i l a ( D a u g l i c r }
l a v c d c c l a r c d i l c i r i n c o n c a n d a s s c i s i o i l c I n c o n c T a
D c a r i n c n i f o r i l c f i n a n c i a l y c a r 2 0 0 3 - 2 0 0 4 . A s c r i l c
s i a i c n c n i s f u r n i s l c d i o I . T . D c a r i n c n i , i l c i o i a l i n c o n c o f
i l c f a n i l y o f D r . F c d d y ' s w a s o n l y F s . 4 1 . 0 8 l a l l s a n d i l c
v a l u c o f a s s c i s w a s o n l y F s . 2 . 0 2 c r o r c s . D c i a i l s o f i n c o n c
a n d a s s c i s o f D r . Y . S . F a j a s c l l a r a F c d d y a n d l i s f a n i l y a r c
a s f o l l o w s .

4 5
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Y c a r
D r . Y . S .
F a j a s c l l a r a
F c d d y
Y .
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Y . S .
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F c d d y
Y .
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2 0 0 3 - 0 4
f o r i l c
c r i o d
c n d i n g
3 1 . 0 3 . 2 0 0 4
I n c o n c -
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l a l l s
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l a l l s
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l a l l s
I L [ H G
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F s . 3 6 . 5 3
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l a l l s
2 0 0 4 - 0 5
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F s . 4 0 . 9 2
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l a l l s
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l a l l s
8 . D c g i n n i n g M a y 2 0 0 4 , M r . Y . S . J a g a n M o l a n F c d d y a n a s s c d
l u g c w c a l i l a n d s i a r i c d f l o a i i n g / a c q u i r i n g v a r i o u s
c o n a n i c s . T l c s c i n c l u d c M / s . C a r a n c l A s i a H o l d i n g s ( }
L i d . , M / s S i l i c o n D u i l d c r s ( } L i d . , M / s . J a g a i l i P u l l i c a i i o n s
P v i . L i d . , M / s . I n d i r a T c l c v i s i o n ( } L i d . , a n d M / s . F a g l u r a n
C c n c n i s L i d . ( s u l s c q u c n i l y r c n a n c d a s M / s . D l a r a i l i
C c n c n i C o r o r a i i o n L i d . } . A s c r a v a i l a l l c i n f o r n a i i o n 1 6
s u c l c o n a n i c s w c r c f l o a i c d / a c q u i r c d l y i l c C l i c f M i n i s i c r ' s
s o n S r i Y . S . J a g a n M o l a n F c d d y w i i l i l c s o l c o l j c c i i v c o f
l a u n d c r i n g i l c i l l g o i i c n w c a l i l a c c u n u l a i c d l y a l u s i n g i l c
o f f i c c o f l i s f a i l c r .

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9 . I l l u s i r a i c d l c r c u n d c r a r c i n s i a n c c s o f i l l c g a l a c i i v i i i c s a n d
w l i i c w a s l i n g o f c o r r u i / l r i l c n o n c y r c c c i v c d i l r o u g l i l c
s a i d c o n a n i c s i n r c i u r n f o r i l c f a v o u r s c i c n d c d l y D r . Y . S .
F a j a s c l l a r a F c d d y l y n i s u s i n g l i s o f f i c i a l o s i i i o n .
( i } 6 D Q G X U 3 R Z H U & R / W G . . T l i s c o n a n y w a s o r i g i n a l l y
r o n o i c d l y M r . M . V . C l o r a d c a n d o i l c r s . S r i Y . S . J a g a n
M o l a n F c d d y l a s i a l c n o v c r i l c c o n a n y i n i l c y c a r 2 0 0 1 .
T l c c o n a n y i s c n g a g c d i n i l c l u s i n c s s o f g c n c r a i i o n a n d
n a r l c i i n g o f 2 2 . 5 M . W . o w c r . T l c c s i i n a i c d c o s i o f i l c
r o j c c i w a s F s . 1 4 4 . 5 9 c r o r c s a n d n c a n s o f f i n a n c c i n c l u d c
i c r n l o a n s o f F s . 8 9 . 6 9 c r o r c s a n d c q u i i y o f F s . 5 4 . 9 0
c r o r c s . U n d c r i l c n a n a g c n c n i o f S r i Y . S . J a g a n M o l a n
F c d d y , i l c c o n a n y o r i g i n a l l y o l i a i n c d f i n a n c c f r o n
I . F . E . D . A . l y f u r n i s l i n g f a l s c / f a l r i c a i c d s c c u r i i y
d o c u n c n i s . I n f a c i , w l c n i l c f r a u d c a n c i o l i g l i , i l c
a u i l o r i i i c s o f I F E D A l a v c s u s c n d c d s c v c r a l o f i i s
c n l o y c c s . T l a n l s i o i l c i n i c r v c n i i o n o f i l c C l i c f
M i n i s i c r , n o a c i i o n w a s i n i i i a i c d l y i l c I F E D A a g a i n s i S r i
Y . S . J a g a n M o l a n F c d d y a n d i n o r d c r i o c o n c o u i o f i l c
i s s u c , i l c y l a v c l o r r o w c d f r o n o i l c r l a n l s i o i l c i u n c o f
F s . 9 0 . 0 0 c r o r c s . T o w a r d s i l c i r s l a r c o f c q u i i y , D r .
F a j a s c l l a r a F c d d y a n d l i s s o n l a v c u n c d i n i l c i r i l l -
g o i i c n n o n c y i n i o S a n d u r P o w c r C o . L i d . i l r o u g l s c v c r a l
s l c l l c o n a n i c s i n c l u d i n g c o n a n i c s o f f o r c i g n o r i g i n .
( i i } T l r o u g l l a w a l a i r a n s a c i i o n s , i l c i l l c g a l g r a i i f i c a i i o n
a n o u n i s l a v c l c c n i r a n s f c r r c d i o M a u r i i i u s a n d i n i r o d u c c d
i l c s a n c i n i o M a u r i i i u s l a s c d s l c l l c o n a n i c s i . c . , M / s . 2 i
C a i i a l P C C , M a u r i i i u s a n d M / s . P l u r i E n c r g i n g C o n a n i c s
P C C . O u i o f i l c i o i a l s l a r c s i s s u c d l y S a n d u r o w c r
c o n a n y , 1 . 7 5 c r o r c s l a r c s o f f a c c v a l u c o f F s . 1 0 / - c a c l

8
w c r c a l l o i i c d i o i l c s c c o n a n i c s a i a r c n i u n o f F s . 6 1 / -
a n d i l r o u g l i l i s n c i l o d , i l c y l a v c r c c c i v c d F s . 1 2 4 . 6 0
c r o r c s . A i i l i s r a i c , i l c i o i a l v a l u c o f S a n d u r P o w c r w i i l a
r o d u c i i o n c a a c i i y o f o n l y 2 2 . 5 M . W . w o u l d l c n o r c i l a n
F s . 7 5 0 c r o r c , w l i c l i i s c l f s l o w s i l a i i l c a l l c g c d i r a n s a c i i o n
o f s c l l i n g s l a r c s a i r c n i u n r a i c o f F s . 6 1 / - i s a c o n c o c i c d
o n c a n d i l c s a n c i s i n v c n i c d o n l y i o l a u n d c r i l c i l l - g o i i c n
n o n c y a n d i o i n i r o d u c c i l c s a n c i n i o i l c f a n i l y l u s i n c s s .
( i i i } I i i s a o s i i c i o n c n i i o n l c r c i l a i M r . V . V i j a y a S a i F c d d y ,
F a n i l y A u d i i o r o f D r . Y . S . F a j a s c l l a r a F c d d y w l o w a s i l c
a u d i i o r o f S a n d u r o w c r c o n a n y i i l l i l a i d a i c w a s a s l c d
i o r c s i g n a s a u d i i o r a n d w a s a o i n i c d a s D i r c c i o r i n M / s .
S a n d u r P o w c r C o . L i d . w . c . f . 9 . 1 2 . 2 0 0 5 a n d f u r i l c r a s c r
8 i l a n n u a l r c o r i o f 2 0 0 6 - 0 7 , M r . V i j a y a S a i F c d d y l a s
r c s i g n c d f r o n l i s o f f i c c o f D i r c c i o r s l i i n D c c c n l c r 2 0 0 6 .
M / s . 2 i C a i i a l P C C , M a u r i i i u s l a s c l o s c n i l c a u d i i o r a n d
c l o s c c o n f i d c n i o f i l c n a n a g c n c n i a s i l c i r F c r c s c n i a i i v c
D i r c c i o r i n S a n d u r C o n a n y . H o w c v c r , i l c s a i d V . V i j a y a
S a i F c d d y l a s r c s i g n c d a s d i r c c i o r w i i l i n o n c y c a r a n d
c o n s c q u c n i l y i l c r c i s n o n o n i n c c d i r c c i o r f o r M / s . 2 i C a i i a l
P C C , M a u r i i i c s , a i r c s c n i . T l i s i i s c l f s c a l s v o l u n c s a l o u i
i l c i r u c n a i u r c o f i r a n s a c i i o n .
( i v } Y c i a n o i l c r a s c c i o f i l c i l l c g a l i i y o f i l c s a i d i r a n s a c i i o n i s
i l a i i l c u r o r i c d f o r c i g n i n v c s i n c n i a n o u n i w a s i n v c s i c d
i n r i n i n c d i a a n d l r o a d c a s i i n g i l r o u g l s u r r o g a i c s . A s c r
F D I o l i c y , i l c F c s c r v c D a n l o f I n d i a a n d F I P D l a v c
r c s c r i l c d i l c a d n i n i s i r a i i v c a n d c o n l i a n c c a s c c i s o f
f o r c i g n d i r c c i i n v c s i n c n i s . U n d c r i l i s , a c o n a n y ,
l a n n i n g i o s c i u l u s i n c s s o c r a i i o n s i n I n d i a , l a s i w o
o i i o n s i . c . , I n v c s i n c n i u n d c r A u i o n a i i c F o u i c a n d

8 9
I n v c s i n c n i i l r o u g l r i o r a r o v a l o f C o v c r n n c n i . A s c r
n o i i f i c a i i o n i s s u c d l y i l c c o n c c r n c d a u i l o r i i y , A u i o n a i i c
F o u i c f o r f o r c i g n i n v c s i n c n i i s n o i a v a i l a l l c i o r i n i a n d
l r o a d c a s i i n g n c d i a . I n i l c c a s c o f M / s . S a n d u r P o w c r C o .
L i d . , i i l a s r c c c i v c d i l c a l l c g c d f o r c i g n i n v c s i n c n i o f a l o u i
F s . 1 2 4 . 6 0 c r o r c s f r o n i w o c o n a n i c s i . c . M / s . 2 i C a i i a l
P C C , M a u r i i i u s a n d M / s . P l u r i E n c r g i n g C o n a n i c s P C C
a n d i n v c s i c d i l c s a n c i n i o v a r i o u s s u l s i d i a r i c s o f S a n d u r
P o w c r , w l i c l i n c l u d c c o n a n i c s c n g a g c d i n r i n i a n d
l r o a d c a s i i n g n c d i a .
( v } O n c s u c l s u l s i d i a r y o f S a n d u r P o w c r i s M / s . C a r n c l A s i a
H o l d i n g s P v i . L i d . T l c s a i d c o n a n y l a s s u l s c r i l c d i o 5
c r o r c s s l a r c s o f M / s . J a g a i l i P u l l i c a i i o n s P v i . L i d . , a i
F s . 1 0 / - a n d i n v c s i c d F s . 5 0 . 0 4 c r o r c s . D c s i d c s , i l c s a i d
s u l s i d i a r y l a s a l s o s u l s c r i l c d i o 5 1 . 2 2 % c q u i i y i n I n d i r a
T c l c v i s i o n L i d . , a n d i n v c s i c d a s u n o f F s . 1 0 C r o r c s . A s c r
i l c r o v i s i o n s o f i l c F o r c i g n E c l a n g c M a n a g c n c n i A c i ,
1 9 9 9 r c a d w i i l i l c C u i d c l i n c s o f C o v c r n n c n i o f I n d i a o n
F o r c i g n I n v c s i n c n i s , M / s . S a n d u r P o w c r C o . L i d . w a s n o i
c l i g i l l c f i r s i l y i o f l o a i s u l s i d i a r y i . c . M / s . C a r n c l A s i a
H o l d i n g s P v i . L i d . ( a n i n v c s i n c n i c o n a n y } a n d s c c o n d l y ,
i o a l l o w i l c s a i d s u l s i d i a r y i o i n v c s i i n r i n i a n d
l r o a d c a s i i n g n c d i a . H c n c c , i l i s i s a c l c a r v i o l a i i o n o f
r o v i s i o n s o f i l c F o r c i g n E c l a n g c M a n a g c n c n i A c i , 1 9 9 9
a n d i l c C u i d c l i n c s o f C o v c r n n c n i o f I n d i a o n F o r c i g n
I n v c s i n c n i s .
( v i } D c s i d c s i n d u l g i n g i n l a w a l a i r a n s a c i i o n s a n d v i o l a i i o n o f
i l c r o v i s i o n s o f i l c F o r c i g n E c l a n g c M a n a g c n c n i A c i ,
1 9 9 9 , D r . Y . S . F a j a s c l l a r a F c d d y a n d l i s s o n i n v c n i c d a n

10
i n g c n i o u s n c i l o d o f l a u n d c r i n g l r i l c a n o u n i s i l r o u g l
i l c i r f a n i l y c o n a n i c s . A s o n 3 1 . 3 . 0 7 , S r i . Y . S . J a g a n
M o l a n F c d d y w a s l o l d i n g 1 , 6 9 , 5 8 , 5 8 0 s l a r c s o f S a n d u r
P o w c r c o n a n y L i d . , O u i o f i l i s , l c s o l d 1 , 0 4 , 6 2 , 5 0 0
s l a r c s d u r i n g i l c c r i o d f r o n 1 . 4 . 2 0 0 7 i o 3 1 . 3 . 2 0 0 8 . T l c
i r a n s a c i i o n o f s a l c o f s l a r c s i s a s l a d y o n c a n d i l c s a n c i s
o n l y i n v c n i c d f o r i l c u r o s c o f r c c c i v i n g l r i l c a n o u n i s
f r o n i l c i n d i v i d u a l s / c o n c c r n s , w l o w c r c c o n f c r r c d l c n c f i i s
l y D r . Y . S . F a j a s c l l a r a F c d d y l y n i s u s i n g l i s o f f i c i a l
o s i i i o n . I f o n c l o o l s a i i l c n a n c s o f i l c l u y c r s , i i w o u l d
u n r a v c l i l c i s s u c . S r i N i n n a g a d d a P r a s a d ( M a i r i f a n c }
u r c l a s c d 2 1 , 4 2 , 8 6 0 s l a r c s F s . 6 7 5 / - c r s l a r c a n d
i l r o u g l i l i s n c i l o d i i s c l f , C . M . ' s f a n i l y r c c c i v c d F s . 1 4 0
c r o r c s l r i l c a n o u n i a s i l o u g l i l c s a n c i s a l c g a l
i r a n s a c i i o n . I i i s i o l c n c n i i o n c d l c r c i l a i d u r i n g i l c
s a n c c r i o d C l i r a l a , V o d a r c v u , N i z a n a i n a n P o r i P r o j c c i s
w c r c a l l o i i c d i n f a v o u r o f M / s . V a n i c P o r i s L i d . , i n w l i c l
N i n n a g a d d a P r a s a d i s l o l d i n g c o n i r o l l i n g s i a l c . A a r i f r o n
a l l o i i i n g o r i r o j c c i s , a n c i c n i o f 1 8 0 0 0 a c r c s o f l a n d s o
f a r w a s a l l o i i c d i n f a v o u r o f a n o i l c r c o n a n y n a n c l y M / s .
V a n i c P r o j c c i s P v i . L i d . , w l i c l a g a i n l c l o n g s i o
N i n n a g a d d a P r a s a d & l i s f a n i l y .
I n a d d i i i o n , S r i J a g a n M o l a n F c d d y l a s s o l d a l o u i 8 2 . 0 0
l a l l s l a r c s o f S a n d u r P o w c r F s . 6 7 5 / - c r s l a r c i o
v a r i o u s c o n a n i c s i . c . M / s . Z M I n f o i c c l , C l c n n a i , M / s .
N c l c a s i F i n a n c c L i d . , M / s . E c c l P r o s o f i L i d . , M / s . S a i
S u r y a W a r c l o u s i n g C o . L i d . a n d M / s . S i g n a O y g c n L i d .
A l l i l c s a i d c o n a n i c s a r c s l c l l c o n a n i c s o f i l c a s s o c i a i c s
o f D r . Y . S . F a j a s c l l a r a F c d d y ' s f a n i l y a n d i l c i r a n s a c i i o n
o f s a l c o f s l a r c s i s c n i c r c d o n l y i o l a u n d c r i l c i r i l l - g o i i c n
n o n c y . I n i l c r o c c s s C . M ' s f a n i l y l a u n d c r c d i l c i r i l l -

10 11
c o n a n y l a n n i n g i o s c i u l u s i n c s s o c r a i i o n s i n I n d i a
l a s i w o o i i o n s i . c . , i n v c s i n c n i u n d c r a u i o n a i i c r o u i c a n d
i n v c s i n c n i i l r o u g l r i o r a r o v a l o f g o v c r n n c n i . A s c r
i l c n o i i f i c a i i o n i s s u c d l y i l c c o n c i c n i a u i l o r i i y
a u i o n a i i c r o u i c f o r f o r c i g n i n v c s i n c n i i s n o i a v a i l a l l c i o
r i n i a n d l r o a d c a s i i n g n c d i a . H o w c v c r , i n i l c c a s c o f M / s .
S a n d u r P o w c r C o n a n y L i d . , i l c s a i d c o n a n y r c c c i v c d i l c
u r o r i c d f o r c i g n i n v c s i n c n i o f a l o u i F s . 1 2 4 . 6 0 c r o r c s
f r o n i w o c o n a n i c s i . c . , M / s . 2 i C a i i a l ( P C C M a u r i i i u s }
a n d M / s . P l u r i E n c r g i n g c o n a n i c s a n d f u r i l c r , S a n d u r
P o w c r u n c d i l c s a i d n o n c y i n i o i i s v a r i o u s s u l s i d i a r i c s .
M / s . C a r n c l A s i a H o l d i n g s ( P } L i d . , o n c s u c l s u l s i d i a r y l a s
g o i n a j o r s i a l c l o l d i n g i n M / s . J a g a i l i P u l l i c a i i o n s P v i .
L i d . , a n d i n v c s i c d 5 1 . 2 2 % c q u i i y o f M / s . I n d i r a T c l c v i s i o n
L i d . A s c r i l c r o v i s i o n s o f F E M A r c a d w i i l i l c g u i d c l i n c s
o f C o v c r n n c n i o f I n d i a o n f o r c i g n i n v c s i n c n i s , M / s . S a n d u r
P o w c r C o n a n y L i d . , w a s n o i c l i g i l l c f i r s i l y , i o f l o a i i l c
s u l s i d i a r y i . c . , M / s . C a r n c l A s i a H o l d i n g s ( P } L i d . , a n
I n v c s i n c n i C o n a n y a n d s c c o n d l y , i o a l l o w i l i s s u l s i d i a r y
i o i n v c s i i n J a g a i l i P u l l i c a i i o n s P v i . L i d . H c n c c , i l i s i s a
c l c a r v i o l a i i o n o f a l l i l c r c g u l a i o r y n o r n s i n c l u d i n g i l a i o f
i l c r o v i s i o n s o f i l c C o n a n i c s A c i 1 9 5 6 a n d c o n l i a n c c
o f S c l c d u l c I V a n d a c c o u n i i n g s i a n d a r d s .
1 0 . 0 V - D J D W K L 3 X E O L F D W L R Q V 3 U L Y D W H / L P L W H G
( i } I n y c a r 2 0 0 6 M r . Y . S . J a g a n M o l a n F c d d y l a s
i n c o r o r a i c d a C o n a n y c a l l c d J a g a i l i P u l l i c a i i o n s P v i .
L i d " w l o s c a u i l o r i z c d s l a r c c a i i a l i s F s . 5 0 , 0 0 , 0 0 0 / -
d i v i d c d i n i o 5 , 0 0 , 0 0 0 s l a r c s a i a f a c c v a l u c o f F s . 1 0 / -
c a c l . O n 2 3
r d
D c c c n l c r , 2 0 0 6 , i l c S l a r c C a i i a l w a s
c n l a n c c d i o 1 0 . 0 0 c r o r c s s l a r c s w i i l a f a c c v a l u c o f F s . 1 0

12
a n o u n i i n g i o F s . 1 0 0 . 0 0 c r o r c s . O n c o f i l c s u l s i d i a r i c s o f
S a n d u r P o w c r C o . L i d . , v i z . , C a r n c l A s i a H o l d i n g s L i d . ,
i n v c s i c d F s . 7 3 c r o r c s i n J a g a i l i P u l l i c a i i o n s l u y i n g
s l a r c s a i i l c f a c c v a l u c o f F s . 1 0 c a c l . H o w c v c r , i l c
l c n c f i c i a r i c s o f l a r g c s s c o f i l c C l i c f M i n i s i c r w c r c n a d c i o
l u y J a g a i l i s l a r c s a i a n i n f l a i c d r a i c o f F s . 3 5 0 / - c r
s l a r c . I n i l c r o c c s s , Y . S . J a g a n M o l a n F c d d y w a s a l l c
i o l a u n d c r F s . 4 2 5 c r o r c s o f i l l - g o i i c n n o n c y . A s a r c s u l i ,
c v c n l c f o r c J a g a i l i P u l l i c a i i o n s s i a r i c d i i s l u s i n c s s , i i l a s
a c q u i r c d r o f i i s / s u r l u s f u n d s .
( i i } M / s . J a g a i l i P u l l i c a i i o n s P v i . L i d . , l a s a l l o i i c d s l a r c s i o
i i s n c n l c r s a i a r c n i u n o f F s . 3 5 0 / - i o v a r i o u s
C o n a n i c s / c r s o n s w l i c l w c r c a l l o i i c d v a r i o u s
g o v c r n n c n i l a n d s , r o j c c i s a n d c o n i r a c i s . T l u s C o n a n i c s
a n d i n d i v i d u a l s , w l o w c r c l c n c f i i c d i n i l c f o r n o f
a l l o i n c n i o f l a n d s f o r S c c i a l E c o n o n i c Z o n c s ( S E Z } ,
i r r i g a i i o n r o j c c i s , s c c i a l r c l a a i i o n f o r c o n s i r u c i i o n o f
l u i l d i n g s c i c . , u n d c r i l c g u i s c o f l u y i n g s l a r c s a i a
r c n i u n , l a v c i n f a c i a i d l i c l l a c l s i o Y . S . J a g a n n o l a n
F c d d y , s o n o f D r . Y . S . F a j a s c l l a r a F c d d y .
( i i i } D u s i n c s s r u d c n c c w o u l d s u g g c s i i l a i C o n a n i c s s i i u a i c d
i n f a r o f f l a c c s l i l c K o l l a i a , H o w r a l , M u n l a i , C l c n n a i
c i c . , w o u l d i l i n l i w i c c l c f o r c i n v c s i i n g i n a r c g i o n a l D a i l y
l i l c i l c ' S a a l s l i ' N c w s a c r i n A n d l r a P r a d c s l . D u i , 1 2
s l c l l C o n a n i c s l a v c l c c o n c i n s i r u n c n i s o f r o u i i n g i l l -
g o i i c n n o n c y i n i o J a g a i l i P u l l i c a i i o n s . T l c s o - c a l l c d
P r i v a i c P l a c c n c n i w a s n c v c r c o n i r i l u i c d l y i l c s a i d
C o n a n i c s , l u i D r . Y . S . F a j a s c l l a r a F c d d y s i l o n c d o f f
l i s l r i l c n o n i c s , u i i l c n i n i l o s c C o n a n i c s a n d i l c n
i n v c s i c d i l c s a n c u n d c r i l c g u i s c o f a y i n g r c n i u n

12 13
a n o u n i o n s l a r c s . T l i s i s a c l c a r c a s c o f M o n c y
L a u n d c r i n g .
( i v } F o r i l c u r o s c o f i n v c s i i n g i n J a g a i l i P u l l i c a i i o n s P v i .
L i d . " , v a r i o u s c o n a n i c s l a v c a s s c d r c s o l u i i o n s a s
r c q u i r c d u n d c r i l c C o n a n i c s A c i . A c r u s a l o f i l c s a i d
F c s o l u i i o n s w o u l d c l c a r l y s l o w i l a i i l c y w c r c v c r l a i i n
i d c n i i c a l i n c l u d i n g i l c u n c i u a i i o n n a r l s l i l c u i i i n g s i a r
n a r l i n i l c r c s o l u i i o n s . O n c n o r c f c a i u r c o f i l c s c
i n v c s i n c n i s i s i l a i n o s i o f i l c n l c l o n g i o H o w r a l ,
M u n l a i , K o l l a i a , C l c n n a i , w l c r c i l c c i r c u l a i i o n o f a
T c l u g u D a i l y i s n c g l i g i l l c . T l u s , i l c c n i i r c n o d u s o c r a n d i
o f i n v c s i i n g i n a n c w T c l u g u D a i l y a n d i s s u a n c c o f s l a r c s
o f a n c w C o n a n y a i a r c n i u n r i c c i s a c l c a r i n d i c a i i o n
o f i l c n c c l a n i s n o f n o n c y l a u n d c r i n g .
T l c d c i a i l s n c n i i o n c d l c l o w w i l l c l c a r l y s l o w i l a i J a g a i i
P u l l i c a i i o n s , w l i c l w a s i n c o r o r a i c d o n 1 4
i l
J u n c 2 0 0 6 w i i l n o
l u s i n c s s i r a c l r c c o r d , i s a l l c i o a l l o i s l a r c s a i a v c r y l i g l
r c n i u n o f F s . 3 5 0 / - c r s l a r c . T l c c n i i r c c c r c i s c c l c a r l y s l o w s
i l a i c o r r u i n o n c y a c c r u c d l y a l u s i n g i l c o f f i c c o f C l i c f M i n i s i c r
f o r i l c o f f i c i a l l c n c f i i s g r a n i c d i o C o n a n i c s a n d i n d i v i d u a l s i s
i r a n s n i i i c d i o J a g a i l i P u l l i c a i i o n s P v i . L i d . , i n i l c f o r n o f l u y i n g
s l a r c s a i a r c n i u n . T l c c o r r u i n o n c y i s s o u g l i i o l c l c g a l i z c d
l y a u l l i c o f f i c c l o l d c r c o n i r a r y i o i l c r i n c i l c s o f u l l i c l i f c ,
r c v c n i i o n o f c o r r u i i o n A c i a n d o i l c r c n a l l a w s .
1 1 . S o n c i n s i a n c c s o f c o r r u i n o n c y r o u i c d i o D r . Y . S .
F a j a s c l l a r a F c d d y ' s f a n i l y c o n a n i c s i l r o u g l J a g a i i
u l l i c a i i o n s a r c a s f o l l o w s . -

14
x M / s . C i l c l r i s i I n v c s i n c n i s P r i v a i c L i n i i c d w a s n a d c i o l u y
1 1 , 1 1 , 1 0 9 s l a r c s a i a r c n i u n r a i c o f F s . 3 5 0 / - a n o u n i i n g
i o F s . 4 0 . 0 0 c r o r c s . T l c c c c s s a n o u n i a i d l y i l c
C o n a n y o v c r a n d a l o v c f a c c v a l u c i s F s . 3 8 . 9 0 c r o r c s .
x M / s . A l l a V i l l a s P r i v a i c L i n i i c d w a s n a d c i o l u y 4 , 1 6 , 6 6 6
s l a r c s a i a r c n i u n r a i c o f F s . 3 5 0 / - a n o u n i i n g i o F s . 1 5 . 0 0
c r o r c s . T l c c c c s s a n o u n i a i d l y i l c C o n a n y o v c r a n d
a l o v c f a c c v a l u c i s F s . 1 4 . 5 8 c r o r c s .
x M / s . A l l a A v c n u c s P r i v a i c L i n i i c d w a s n a d c i o l u y
4 , 1 6 , 6 6 6 s l a r c s a i a r c n i u n o f F s . 3 5 0 / - a n o u n i i n g i o F s .
1 5 . 0 0 c r o r c s . T l c c c c s s a n o u n i a i d l y i l c C o n a n y o v c r
a n d a l o v c f a c c v a l u c i s F s . 1 4 . 5 8 c r o r c s .
x T l c c l i c f r o n o i c r o f C i l c l r i s i I n v c s i n c n i s a n d A l l a
C r o u o f C o n a n i c s , S r i N . P r a s a d w a s a l l o i i c d
N i z a n a i n a n a n d C l i r a l a V o d a F c v u P o r i s o n D u i l d , O c r a i c
a n d T r a n s f c r l a s i s w i i l f a v o r a l l c i c r n s a n d c o n d i i i o n s . S r i
N . P r a s a d i s r o n o i c r o f i l c c o n a n y i . c . , V a n i c P o r i s L i d . ,
w l i c l w a s a l l o i i c d i l c s c o r i s .
x M / s . E r c s P r o j c c i s P r i v a i c L i n i i c d w a s n a d c i o l u y 2 , 2 2 , 2 2 2
s l a r c s a i a r c n i u n o f F s . 3 5 0 / - a n o u n i i n g i o F s . 7 . 7 8
c r o r c s . T l c c c c s s a n o u n i a i d l y i l c C o n a n y o v c r a n d
a l o v c f a c c v a l u c i s F s . 7 . 5 6 c r o r c s .
x E r c s P r o j c c i s P v i . L i d . , w l i c l i s o w n c d l y i l c F a n l y C r o u
w a s a l l o i i c d v a l u a l l c H o u s i n g D o a r d l a n d a i C a c l i l o w l i a i a
i l r o w a w a y r i c c a n d a l s o a l l o i i c d l a n d s f o r S E Z a i
V i s a l l a a i n a n a n d i l i s C r o u a l s o w a s a l l o i i c d v a r i o u s

14 15
I r r i g a i i o n P r o j c c i s .
x M / s . H c i c r o H c a l i l c a r c L i n i i c d w a s n a d c i o l u y 2 7 , 7 7 7
s l a r c s a i a r c n i u n o f F s . 3 5 0 / - a n o u n i i n g i o F s . 9 7 . 2 1
l a l l s . T l c c c c s s a n o u n i a i d l y i l c C o n a n y o v c r a n d
a l o v c f a c c v a l u c i s F s . 9 4 . 5 0 l a l l s .
x M / s H c i c r o D r u g s L i d . w a s n a d c i o l u y 4 1 , 6 6 6 s l a r c s w i i l
a n c c c s s a y n c n i o f F s . 1 . 4 6 c r o r c s .
x M / s H c i c r o L a l s L i d . w a s n a d c i o l u y 4 1 , 6 6 6 s l a r c s w i i l
a n c c c s s a y n c n i o f F s . 1 . 4 6 c r o r c s .
x H c i c r o C r o u w a s a l l o i i c d 2 4 0 . 0 7 a c r c s o f l a n d f o r S E Z a i
N a l l a a l l i a n d a l s o a n o i l c r S E Z a i J c d c l c r l a .
x M / s . P i o n c c r I n f r a s i r u c i u r c H o l d i n g L i n i i c d w a s n a d c i o l u y
5 , 5 5 , 5 5 5 s l a r c s a i a r c n i u n o f F s . 3 5 0 / - a n o u n i i n g i o
F s . 2 0 . 0 0 c r o r c s . T l c c c c s s a y n c n i l c i n g F s . 1 9 . 4 4
c r o r c s .
x T l i s C o n a n y i s o w n c d l y S r i P . P r a i a F c d d y , f o r n c r
T r c a s u r c r o f A . P . C o n g r c s s C o n n i i i c c a n d a c l o s c c o n f i d a n i c
a n d i n d u s i r i a l i s i f r i c n d o f D r . Y . S . F a j a s c l l a r a F c d d y . H c
w a s g i v c n v a r i o u s c o n i r a c i s a i c s c a l a i c d r i c c s . A a r i f r o n
i l a i , l c i s a l s o i l c l c n c f i c i a r y o f r c l a a i i o n o f D u i l d i n g
F c g u l a i i o n s w l i c l c n a l l c d l i n i o c o n s i r u c i a S i a r H o i c l o n
F o a d N o . 2 , D a n j a r a H i l l s v i d c C . O . M s . N o . 3 2 9 d a i c
2 3 . 0 4 . 2 0 0 5 a n d C . O . M s . N o . 7 7 1 d a i c d 2 7 . 0 8 . 2 0 0 5 . T l c s a i d
C . O s w c r c i s s u c d o n l y i o l c n c f i i l i n .

16
x M / s . P . V . P . D u s i n c s s V c n i u r c s P v i . L i d . , w l i c l w a s a l l o i i c d
1 3 , 8 8 , 8 8 8 s l a r c s i n J a g a i l i P u l l i c a i i o n s P v i . L i d . , a i a
r c n i u n r a i c o f F s . 3 5 0 / - . E c c s s a y n c n i i n i l i s c a s c l c i n g
F s . 4 8 . 6 1 c r o r c s . T l i s c o n a n y i n d u l g c d i n s c a n d a l o u s d c a l
o f l u y i n g g o v c r n n c n i l a n d i n a n c i c n i o f A c . 5 9 5 c o n r i s c d
i n s u r v c y N o s . 6 6 4 & 7 2 1 , s i i u a i c d a i N a d c r g u l v i l l a g c ,
S a r o o r N a g a r M a n d a l , F a n g a F c d d y D i s i r i c i . T l c s a i d
c o n a n y a i d i l c l r i l c a n o u n i u n d c r i l c g u i s c o f l u y i n g
s l a r c s a i r c n i u n r a i c . T l c s a i d c c r c i s c w a s o n l y i o r o i c c i
i l c i l l c g a l i r a n s a c i i o n a n d a s a c o n s c q u c n c c n o a c i i o n w a s
i n i i i a i c d a g a i n s i i l c s a i d c o n a n y , w l i c l l a s i n d u l g c d i n
l u y i n g l a r g c i r a c i s o f g o v c r n n c n i l a n d s a n d i l c C l i c f
M i n i s i c r d i r c c i c d i l c r c v c n u c o f f i c i a l s n o i i o i n i i i a i c a n y
a c i i o n i o r c o s s c s s i l c i l l c g a l l y o l i a i n c d g o v c r n n c n i l a n d .
x I n c s s c n c c , i l c i n v c s i n c n i o f F s . 3 5 0 c r o r c s n a d c i n J a g a i i
P u l l i c a i i o n s l y v a r i o u s l c n c f i c i a r i c s o f i l c n i s f c a s a n c c o f
i l c C . M w a s c l c a r l y i l c c o r r u i n o n c y .
5 D J K X U D P & H P H Q W V / L P L W H G
x S i n i l a r l y , C l i c f M i n i s i c r , D r . Y . S . F a j a s c l l a r a F c d d y a l l o i i c d
l u g c c i c n i s o f l a n d s / n i n c s i o M / s . F a g l u r a n C c n c n i s
L i d . , ( i n w l i c l C . M ' s s o n i s l a v i n g c o n i r o l l i n g s i a l c } a n d
a l u s c d l i s o f f i c c l y c o n f c r r i n g f a v o u r s / l c n c f i i s i o v a r i o u s
c o n a n i c s / i n d i v i d u a l s a n d n a d c i l c n i o l u y s l a r c s o f M / s .
F a g l u r a n C c n c n i s L i d . , ( D l a r a i i C c n c n i C o r o r a i i o n L i d . , }
a i a r c n i u n o f F s . 9 4 / - i o F s . 1 4 4 0 / - c r s l a r c . A l l i l c
s l a r c l o l d c r s i n v c s i i n g i n i l i s c o n a n y a r c d i r c c i l y / i n d i r c c i l y
l c n c f i c i a r i c s o f i l c n i s f c a s a n c c o f D r . Y . S . F a j a s c l l a r a
F c d d y i . c . , a w a r d i n g r o j c c i s / n i n c s / c o n i r a c i s i n v a r i o u s

16 17
g o v c r n n c n i d c a r i n c n i s . I f D r . Y . S . F a j c s l c l a r F c d d y ' s
f a n i l y s i a l c i n F a g l u r a n C c n c n i s ( r c s c n i l y l n o w n a s
D l a r a i l i C c n c n i C o r o r a i i o n L i d . , } i s s o l d / d i s o s c d a i i l c
r i c c g i v c n i o o n c s i a l c l o l d c r ( M / s . D a l n i a C c n c n i s L i d . , a i
F s . 1 4 5 0 / - } , D r . Y . S . F a j a s c l l a r a F c d d y ' s f a n i l y w i l l g c i
F s . 6 5 0 0 c r o r c s w l i c l i s n o i l i n g l u i c n c a s l i n g i l c o f f i c i a l
o s i i i o n l y a l u s i n g i l c u l l i c o f f i c c o f C l i c f M i n i s i c r .
S H A R E C A P I T A L D E T A I L S O F B H A R A T H I C E M E N T C O R P O R A T I O N L T D
D a t e o f
A I I o t m e n t
N a m e o f S h a r e H o I d e r N o . o f
S h a r e s
S h a r e
V a I u e
P r e m i u m A m o u n t
R s . ( C r )
2 5 - 1 0 - 0 6 S i l i c o n B u i l d e r s P L t d 3 0 0 0 0 0 0 1 0 / - - - 3 . 0 0
2 5 - 1 0 - 0 6 S a n d u r P o w e r 1 8 5 0 0 0 1 0 / - - - 0 . 1 8 5
2 5 - 0 1 - 0 7 Y . S . J a g a n M o h a n R e d d y 3 0 0 0 0 0 0 0 1 0 / - - - 3 0 . 0 0
2 5 - 0 1 - 0 7 S i l i c o n B u i l d e r s P L t d 1 2 0 0 0 0 0 0 1 0 / - - - 1 2 . 0 0
2 9 - 0 3 - 0 7 D a l m i a c e m e n t s L t d 1 6 6 6 6 0 0 1 0 / - 1 1 0 / - 2 0 . 0 0
0 9 - 0 4 - 0 7 G - 2 C o r p o r a t e L t d 6 4 4 2 3 0 0 1 0 / - 9 4 / - 6 7 . 0 0
1 0 - 0 9 - 0 7 n d i a C e m e n t s L t d 1 2 5 0 0 0 0 1 0 / - 1 1 0 / - 1 5 . 0 0
1 2 - 1 1 - 0 7 N i m m a g a d d a P r a s a d 4 5 9 4 5 9 1 0 / - 1 7 5 / - 8 . 5 0
2 6 - 0 2 - 0 8 D a l m i a C e m e n t s L t d 1 3 7 9 3 1 1 0 / - 1 4 4 0 / - 2 0 . 0 0
3 1 - 0 3 - 0 8 D a l m i a C e m e n t s L t d 6 8 9 6 5 1 0 / - 1 4 4 0 / - 1 0 . 0 0
T o t a I 5 , 4 0 , 8 5 , 2 5 5
V a l u a i i o n o f c o n a n y s l a r c s a i f o u r d i f f c r c n i r i c c s a s i n d i c a i c d
a l o v c i n a s l o r i c r i o d o f o v c r o n c y c a r c l c a r l y c s i a l l i s l c s i l a i i i
w a s o n l y n c a n i f o r d i r c c i i n g c o r r u i r o c c c d s i n i o o w n c o n a n i c s .
E s i a l l i s l c d a n d l i s i c d c o n a n i c s a n d c c n c n i n a j o r s D a l n i a
C c n c n i s a n d I n d i a C c n c n i s w l o s c s l a r c v a l u c s a r c a r o u n d F s . 4 0
& F s . 1 1 0 r c s c c i i v c l y l u y i n g s l a r c s o f D l a r a i i c c n c n i , w l i c l i s
y c i i o c o n c i n i o r o d u c i i o n i i s c l f s c a l s f o r i l c n c c l a n i s n o f
n o n c y l a u n d c r i n g l y i l c C . M a n d l i s f a n i l y .
I n f a c i , i l c v a l u a i i o n o f J a g a i i P u l l i c a i i o n s a i F s . 3 5 0 0 c r o r c s w i i l
a v i c w i o d c c i d c i l c s l a r c r i c c a i F s . 3 5 0 c r s l a r c w a s o n l y i o
l a r v c s i c o r r u i i o n o f i l c C . M .
1 7
18
1 2 . T l c d c i a i l s c n u n c r a i c d i n a r a s 9 , 1 0 a n d 1 1 a r c c s i a l l i s l i n g
i l c f a c i l c y o n d d o u l i i l a i i l c q u i d r o q u o n o n c y i n r c i u r n f o r
i l c f a v o u r s c i c n d c d l y i l c C l i c f M i n i s i c r w a s i n v c s i c d i n l i s
s o n ' s C o n a n i c s .
1 3 . D c s i d c s i l c a l o v c i l l c g a l i r a n s a c i i o n s D r . Y . S . F a j a s c l l a r a
F c d d y ' s f a n i l y f l o a i c d / a c q u i r c d v a r i o u s s l c l l i n v c s i n c n i
c o n a n i c s i o r o u i c i l c i r i l l c g a l w c a l i l a n d i o l a u n d c r i l c s a n c . I f
o n c g o c s i l r o u g l i l c a n n u a l r c o r i s o f M / s . S a n d u r P o w c r
C o n a n y L i d . , M / s . J a g a i l i P u l l i c a i i o n s L i d . , a n d M / s . F a g l u r a n
C c n c n i s L i d . , ( r c s c n i l y l n o w s a s M / s . D l a r a i l i C c n c n i
C o r o r a i i o n } i l c s a n c w o u l d r c v c a l i l c c i s i c n c c o f i l c u n d c r
n c n i i o n c d c o n a n i c s .
i . S a r a s w a i i P o w c r & I n d u s i r i c s ( } L i d . , ( 3 . 0 2 C r o r c s }
i i . S i l i c o n I n f r a s i r u c i u r c P v i . L i d . , ( 3 . 4 7 C r o r c s }
i i i . C a r n c l A s i a H o l d i n g s P v i . L i d . , ( 1 2 . 0 8 C r o r c s }
i v . P u l i v c n d u l a P o l y n c r s P v i . L i d . , ( 1 . 0 0 C r o r c s }
v . S i l i c o n D u i l d c r s P v i . L i d . , ( 2 3 . 7 0 C r o r c s }
v i . C l a s s i c F c a l i y P v i . L i d . , ( 7 8 . 8 9 C r o r c s }
v i i . M a r v c l I n f r a s i r u c i u r c P v i . L i d . , ( 2 0 . 2 4 C r o r c s }
v i i i . D l a g w a i l S a n n i d i E s i a i c s P v i . L i d . , ( 2 . 4 1 C r o r c s }
i . J a n a n i I n f r a s i r u c i u r c P v i . L i d . , ( 9 . 9 5 C r o r c s }
. J a g a i i P u l l i c a i i o n s P v i . L i d . , ( 7 3 . 5 6 C r o r c s }
( S a a l s l i T c l u g u N c w s D a i l y }
i . I n d i r a T c l c v i s i o n L i d . , ( S a a l s l i T V } ( 1 0 . 2 2 C r o r c s }
i i . S l a l o n I n f r a s i r u c i u r c P v i . L i d . , ( 8 . 9 8 C r o r c s }
i i i . D l a r i i C c n c n i C o r o r a i i o n L i d . , ( 4 5 . 1 8 C r o r c s }
i v . H a r i s l I n f r a s i r u c i u r c P v i . L i d . , ( 4 . 9 7 C r o r c s }
v . I n s i r c H o i c l s P v i . L i d . , ( 5 . 9 7 C r o r c s }
v i . C a s i o n c I n f r a s i r u c i u r c P v i . L i d . , ( 4 . 4 2 C r o r c s }

18 19
( g u c s n I u c I c t s u I o u c u c t I c n u c s t m c n t s m u d c I C . M ` s
u m / c o n c c n s u t c D . H c d d I c c u m c t I c C I c M n s t c . T I c t o t u
n u c s t m c n t t I u s m u d c u m o u n t s t o H s . J U S c o c s )
1 4 . K i n d l y a l s o c r u s c i l c f o l l o w i n g i a l l c w l i c l l i g l l i g l i s i l c
f i n a n c i a l c o n d i i i o n o f i l c C o n a n i c s w l i c l l a v c i n v c s i c d i n
J a g a i i P u l l i c a i i o n s . T l c s c a n o u n i s l a v c l c c n r c c o r d c d f r o n
i l c D a l a n c c S l c c i s o f i l c s c C o n a n i c s f o r i l c f i n a n c i a l y c a r
c n d i n g M a r c l 2 0 0 8 a n d f i l c d w i i l i l c F c g i s i r a r o f
C o n a n i c s .
S . N o . N a m e o I t b e
C o m p a n y
P r o I I t a s
o n 3 1
s t
M a r 2 0 0 S
( I n R s )
C a r r I e d
F o r w a r d
( I o s s ) J P r o I I t
( I n R s )
A m o u n t
I n v e s t e d I n
J a g a t I
( I n R s )
1 . D c l i o n E i n
P v i . L i d
1 6 8 8 . 7 0 ( 4 0 0 6 8 . 6 2 } 5 , 4 9 , 9 9 , 7 2 0
2 . K i r i i E l c c i r o
S y s i c n s
3 3 6 8 . 5 1 2 8 7 6 8 . 9 6 4 9 , 9 9 , 6 8 0
3 . D a y I n l a n d
F i n a n c c
3 5 4 1 . 7 6 ( 1 3 6 5 5 . 4 6 } 2 , 5 9 , 9 9 , 9 2 0
4 . D l a s l a r F u n d
M a n a g c n c n i
L i d
4 7 0 0 9 . 7 6 4 5 1 2 8 . 7 9 2 , 4 9 , 9 9 , 8 4 0
5 . C l i f i o n s
P c a r s o n E o r i
& A g c n c i c s L i d
1 9 1 2 . 1 2 ( 1 3 3 2 0 6 . 5 9 } 6 , 1 4 , 9 9 , 8 8 0
6 . C a n g a D u i l d c r s
L i d
1 8 0 8 . 9 0 ( 1 5 8 8 6 9 9 . 9 8 } 3 , 9 9 , 9 9 , 9 6 0
7 . I s a i S l c c i s
L i d
9 9 5 2 . 3 3 ( 2 2 7 0 6 . 3 4 } 3 , 4 9 , 9 9 , 9 2 0
8 . C r o n o r c F u n d
M g i C o L i d
1 4 5 9 . 7 3 ( 1 7 3 4 9 . 9 9 } 1 , 9 9 , 9 9 , 8 0 0
9 . N c w O u i l o o l
S c c u r i i i c s
2 1 9 2 . 5 0 ( 3 5 8 7 9 . 2 2 } 4 , 7 4 , 9 9 , 8 4 0
1 0 . S u c r F i n a n c c
L i d
1 8 3 4 . 9 0 6 4 6 0 6 . 3 3 1 , 9 9 , 9 9 , 8 0 0
1 1 . S l a l i i I s a i
P r o d . P v i L i d
1 3 8 0 . 9 0 ( 6 4 6 6 5 6 . 5 6 } 4 , 9 9 , 9 9 , 6 8 0
1 2 . S l i v a l a n i
E o r i s L i d
1 7 1 2 . 8 5 ( 4 0 4 2 . 6 6 } 2 , 4 9 , 9 9 , 8 4 0
1 3 . S i o c l n c i
I n i c r n a i i o n a l
( 1 0 6 7 0 8 } ( 4 5 3 0 9 7 4 } 9 9 , 9 9 , 7 2 0

20
L i s i c d o n D S E
1 4 . A r i i l l c g c n c c D i o
I n n o v a i i o n -
L i s i c d o n D S E
4 9 , 9 9 , 6 8 0
7 2 7 $ / ( 1 3 6 4 5 . 0 4 } ( 6 8 , 9 4 , 7 3 5 . 3 4 } 4 2 , 4 9 , 9 7 , 2 8 0
1 5 . I i i s c v i d c n i f r o n i l c a l o v c i a l l c i l a i 1 4 c o n a n i c s w i i l a
a c c u n u l a i c d l o s s o f F s . 6 8 . 9 5 l a c s l a v c i n v c s i c d F s . 4 2 . 5 0
c r o r c s i n 2 0 0 7 a n d 2 0 0 8 i n J a g i i i .
1 6 . F r o n a c r u s a l o f i l c l a l a n c c s l c c i s f i l c d w i i l i l c F c g i s i r a r
o f C o n a n i c s i i c a n l c o l s c r v c d i l a i a l l i l c a l o v c n c n i i o n c d
c o n a n i c s l a v c c r o s s - l o l d i n g s , n a n y o f i l c n l a v c c o n n o n
d i r c c i o r s , a n d l a n l a c c o u n i s o f a l l i l c c o n a n i c s a r c a i i w o
l r a n c l c s v i z . , H D F C D a n l , C o l P a r l , K o l l a i a a n d T l c S o u i l
I n d i a D a n l L i n i i c d , D a l i g a n j , K o l l a i a .
1 7 . T w o o f i l c a l o v c n c n i i o n c d C o n a n i c s v i z . , S i o c l n c i
I n i c r n a i i o n a l a n d A i i i l l c g c n c c a r c l i s i c d o n i l c D S E . T l c s c
c o n a n i c s a r c c u r r c n i l y i r a d i n g a i F s 1 . 3 2 c r s l a r c a n d
0 . 4 2 c r s l a r c a n d l a v c r o n o i c r l o l d i n g o f 0 . 0 3 % . I i i s
a l s o n o i c w o r i l y i l a i i n l o i l i l c s c c o n a n i c s , i l c i n v c s i o r s
a r c i l c 1 2 o i l c r c o n a n i c s n c n i i o n c d a l o v c .
1 8 . T l i s i s a c l c a r i n d i c a i i o n o f r o u i i n g i l l - g o i i c n g a i n s i l r o u g l
l n o w n s l c l l c o n a n i c s . I i i s a l s o c r i i n c n i i o l i g l l i g l i i l a i
n o s i o f i l c s c c o n a n i c s a r c l c i n g a n d l a v c l c c n
i n v c s i i g a i c d l y S E D I f o r u n f a i r i r a d c r a c i i c c s a n d f r a u d .
S o n c o f i l c s c C o n a n i c s l a v c a l r c a d y l c c n r o s c c u i c d .
1 9 . T l c l a c l o f r o l i i y i n u l l i c l i f c l c a d s i o l i g l d c g r c c o f
c o r r u i i o n . T l c s c a l c a n d n a g n i i u d c o f i l c c o r r u i i o n a s
c v i d c n c c d l c r c i n , w o u l d l c a d i o a f u r i l c r c r o s i o n o f f a i i l i n

20 21
i l c l o l d c r s o f u l l i c o f f i c c l y i l c v a s i n a j o r i i y o f o u r c o l c .
P c o l c a l r c a d y s l c i i c a l o f u l l i c r c r c s c n i a i i v c s w o u l d l c
f u r i l c r a l i c n a i c d a n d u i i l c c n i i r c i n s i i i u i i o n o f d c n o c r a c y
a i r i s l n o r c s o w l c n i l c H c a d o f C o v c r n n c n i i s i l c n a i n
c u l r i i . P c o l c a r c c o n c c r n c d a l o u i r o l i i y i n u l l i c l i f c a n d
s u c l i n c r c a s c i n c o r r u i i o n w i l l n o i a d v a n c c i l c c a u s c o f
d c n o c r a i i c i n s i i i u i i o n s i n o u r c o u n i r y .
2 0 . T l c P r c v c n i i o n o f C o r r u i i o n A c i w a s c n a c i c d l y P a r l i a n c n i
i n u l l i c i n i c r c s i . I i i s o l v i o u s i l a i c o r r u i i o n c o r r o d c s i l c
n o r a l f a l r i c o f i l c s o c i c i y a n d c o r r u i i o n l y u l l i c s c r v a n i s
n o i o n l y l c a d s i o c o r r o s i o n o f i l c n o r a l f a l r i c o f s o c i c i y , l u i
i s a l s o l a r n f u l i o i l c n a i i o n a l c c o n o n y a n d a g a i n s i n a i i o n a l
i n i c r c s i s . I f c r s o n s o c c u y i n g l i g l o s i i n i l c C o v c r n n c n i
i n d u l g c i n n i s u s c o f i l c i r o w c r , i l c r c s u l i a n i c o r r u i i o n
w o u l d c a u s c c o n s i d c r a l l c d a n a g c i o n a i i o n a l i n i c r c s i a n d
i l c i n a g c o f i l c c o u n i r y .
2 1 . T l c l r a s c u l l i c d u i y w a s d c f i n c d u n d c r S c c . 2 ( l } o f i l c
P r c v c n i i o n o f C o r r u i i o n A c i a s f o l l o w s .
u d u t n t I c d s c I u g c o u I c I t I c S t u t c , t I c P u I c o t I c
C o m m u n t u t u g c I u s u n n t c c s t u n d t I c d c n t o n o P u I c
S c u u n t u n d c S c c . 2 ( c ) m c u n s u n p c s o n n t I c s c u c c o p u o
t I c G o u c n m c n t o c m u n c u t c d I t I c G o u c n m c n t I c c s o
c o m m s s o n o t I c p c o m u n c c o u n p u I c d u t " .
C u u s c 2 ( c ) V I I I d c n c s p u I c s c u u n t u s A n p c s o n u I o
I o d s u n o c c I u t u c o u I c I s u u t I o z c d o c q u c d t o p c o m
u n p u I c d u t
U n d c S c c . ? o t I c A c t , P u I c S c u u n t t u I n g g u t c u t o n o t I c

22
W K D Q O H J D O U H P X Q H U D W L R Q L Q U H V S H F W R I R I I L F L D O D F W V K D O O E H S X Q L V K D E O H
Z L W K L P S U L V R Q P H Q W D Q G I L Q H
T l c S u r c n c C o u r i o f I n d i a l a s l c l d i l a i i l c l o l d c r s o f o f f i c c
o f C l i c f M i n i s i c r c o n c w i i l i n i l c d c f i n i i i o n o f P u l l i c S c r v a n i .
2 2 . T l u s , D r . Y . S . F a j a s c l l a r a F c d d y i s a u l l i c s c r v a n i a n d
i l c f a c i s n a r r a i c d a l o v c c l c a r l y c s i a l l i s l i l a i l c a n d o n l i s
l c l a l f l i s s o n a g g r a n d i z c d c c u n i a r y l c n c f i i s l y a l u s i n g i l c
o f f i c c o f C l i c f M i n i s i c r a n d i l c y a r c i n o s s c s s i o n o f a s s c i s
d i s r o o r i i o n a i c i o i l c i r l n o w n s o u r c c s o f i n c o n c a n d a s
s u c l a r c l i a l l c i o l c r o s c c u i c d f o r i l c o f f c n c c s c o n n i i i c d
l y i l c n .
2 3 . T l u s , a s o n 3 1 . 0 3 . 2 0 0 4 , D r . Y . S . F a j a s c l l a r a F c d d y ' s
f a n i l y a n n u a l i n c o n c w a s o n l y F s . 4 1 . 0 8 l a l l s a n d a s s c i s
w o r i l o n l y F s . 2 C r o r c s . D u i a f i c r D r . F c d d y l c c a n c C l i c f
M i n i s i c r , l i s f a n i l y / c o n c c r n s a c q u i r c d c o r o r a i c a s s c i s
w o r i l s c v c r a l i l o u s a n d s o f c r o r c s . F r o n i l c f l o w o f
i n v c s i n c n i s i n i o o n l y i l r c c c o n a n i c s a l o n c i . c . , S a n d u r
P o w c r , J a g a i i u l l i c a i i o n a n d D l a r a i i C c n c n i C o r o r a i i o n ,
i l c C . M ' s f a n i l y / c o n c c r n s l a v c l c c o n c r i c l c r l y c o r o r a i c
a s s c i s o f a l o u i F s . 1 0 , 0 0 0 c r o r c s . I f i l c s l a d y i r a n s a c i i o n s
i n v o l v i n g a l o s i o f f a n i l y o w n c d c o n a n i c s a n d n a s s i v c
a c q u i s i i i o n o f l a n d s a n d o i l c r r o c r i i c s w c r c i o l c i a l c n
i n i o a c c o u n i i i w o u l d l c a s i r o n o n i c a l l y l i g l c r . A l l i l c s c
a s s c i s w c r c a c q u i r c d l y D r . Y . S . F a j a s c l l a r a F c d d y ' s f a n i l y
l y a l u s i n g i l c o f f i c c o f C . M .
2 4 . I n f a c i , D r . Y . S . F a j a s c l l a r a F c d d y u l l i c l y d c c l a r c d o n
2 8 . 0 7 . 2 0 0 6 i l a i l i s s o n w a s g c i i i n g F s . 4 0 C r o r c s a n n u a l
i n c o n c w l i c l i n f a c i w a s o n l y F s . 1 1 . 0 2 l a l l s i n 2 0 0 3 - 0 4 a s

22 23
c r I . T . r c i u r n s . H o w w o u l d i l i s o s s i l l c l u i f o r g r o s s a l u s c
o f o w c r a n d a u i l o r i i y o f l i s f a i l c r C l i c f M i n i s i c r ?
2 5 . M i s f c a s a n c c i n u l l i c l i f c l a s l c c n d c f i n c d a s n a l i c i o u s
a l u s c o f o w c r , d c l i l c r a i c n a l - a d n i n i s i r a i i o n a n d u n l a w f u l
a c i s c a u s i n g i n j u r y . M i s f c a s a n c c i n u l l i c o f f i c c i s a i o o l o f
d c l i l c r a i c a l u s c o f o w c r a n d i l c P u l l i c O f f i c c r i s l i a l l c f o r
l i s a c i i o n s . A a r i f r o n c o n n i s s i o n o f o f f c n c c u n d c r i l c
r c v c n i i o n o f c o r r u i i o n , D r . Y . S . F a j a s c l l a r a F c d d y d c f i c d
i l c o a i l i a l c n l y l i n w l i l c a s s u n i n g i l c l a l l o w c d u l l i c
o f f i c c o f C l i c f M i n i s i c r .
2 6 . F r o n i l c f a c i s n a r r a i c d a l o v c , i i i s c r y s i a l c l c a r i l a i i l c
C l i c f M i n i s i c r , D r . Y . S . F a j a s c l l a r a a F c d d y , w l i l c
d i s c l a r g i n g o f f i c i a l f u n c i i o n s , l a s s l o w n f a v o u r i i i s n i o
v a r i o u s i n d i v i d u a l s , c o r o r a i c l o d i c s a s n c n i i o n c d a l o v c
w i i l a n u l i c r i o r n o i i v c . I l l c g a l g r a i i f i c a i i o n f o r s u c l f a v o u r s
w a s a i d i l r o u g l v a r i o u s s l c l l c o n a n i c s o f l i s s o n a n d l i s
a s s o c i a i c s . T l c d c i a i l s o f i l c s l a r c s a n d i l c r c n i u n
a n o u n i a i d l y C o n a n i c s a r c l c r c w i i l a n n c c d
( $ Q Q H [ X U H } .
2 7 . T l c i n s i i i u i i o n s o f d c n o c r a c y l a v c l c c n s y s i c n a i i c a l l y
w c a l c n c d l y i l c r a n l c o r r u i a c i i v i i i c s o f i l c C l i c f M i n i s i c r
o f A n d l r a P r a d c s l . T l c a d n i n i s i r a i i v c n a c l i n c r y i n i l c
s i a i c i s n i r c d w i i l i n c f f i c i c n c y a n d i n c i i i u d c o n a c c o u n i o f
i l c l r a z c n l a w l c s s n c s s o f i l c l c a d o f i l c g o v c r n n c n i . I f
s u c l r o v c n i n s i a n c c s o f c o r r u i i o n a n d l a w l c s s n c s s a r c
a l l o w c d i o g o s c o i - f r c c , i l c s a n c w i l l c a i i n i o v i i a l s o f i l c
o l i i y c n d a n g c r i n g i l c v c r y c d i f i c c o f d c n o c r a i i c v a l u c s o f i l c
c o u n i r y a n d r u l c o f l a w . P c o l c w i l l l o s c f a i i l i n o l i i i c a l
s y s i c n .

24
2 8 . T l c a l o v c f a c i s a n d n a r r a i i o n c o n c l u s i v c l y d c n o n s i r a i c
v i o l a i i o n o f .
a } T l c A n i i C o r r u i i o n A c i
l } T l c C o n a n i c s A c i
c } T l c F o r c i g n E c l a n g c M a n a g c n c n i A c i
d } T l c I n c o n c T a A c i
c } T l c F c s c r v c D a n l o f I n d i a A c i
f } T l c M o n c y L a u n d c r i n g A c i
2 9 . W c , i l c r c f o r c , u r g c Y o u r E c c l l c n c y i o d i r c c i i l c c o n c c r n c d
f o r i n i i i a i i n g r o s c c u i i o n a g a i n s i D r . Y . S . F a j a s c l l a r a
F c d d y , C l i c f M i n i s i c r o f A n d l r a P r a d c s l a n d o i l c r s i n i l c
i n i c r c s i o f r o l i i y i n u l l i c l i f c .
W i i l F c g a r d s ,
Y o u r s s i n c c r c l y ,
( K . N a r a y a n a } ( D . V . F a g l a v u l u } ( K . C l a n d r a s c l l a r a F a o } ( N . C l a n d r a l a l u N a i d u }
S i a i c S c c r c i a r y S i a i c S c c r c i a r y P r c s i d c n i P r c s i d c n i
C . P . I . C . P . M T . F . S . T . D . P .
S n i P r a i i l l a D c v i S i n g l P a i i l j i ,
H o n ' l l c P r c s i d c n i o f I n d i a ,
F a s i r a a i l i D l a v a n ,
N c w D c l l i .

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32

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58 59
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60 61
62

64 65
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68 69
70
70 71
72
72 73
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74 75
76
76 77
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78 79
80

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88 89
90
90 91
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94 95
96

SANDUR POWER COMPANY LIMITED

9
TH
ANNUAL REPORT 2007-08
BOARD OF DIRECTORS
SHRI Y S JAGAN MOHAN REDDY CHAIRMAN and MANAGING DIRECTOR
SHRI HARISH C KAMARTHY EXECUTIVE DIRECTOR
SHRI J J REDDY WHOLE-TIME -DIRECTOR
DR H B N SHETTY DIRECTOR
SHRI H V ESWARAIAH DIRECTOR
SHRI A N PRAKASH RAO DIRECTOR
SHRI B RAMESH BABU DIRECTOR
COMPANY SECRETARY
R. Siva Kumar
AUDITORS
M/s Deloittee Haskins & Sells
Chartered Accountants, Bangalore.
REGISTERED OFFICE
84, 16
th
Cross, 14
th
Main, 4
th
Sector, HSR Layout
Bangalore - 560 034
Ph : 080 42824444
Fax: 080-42824400
Email : [email protected]
Website: http://www.sandurpower.com
FACTORY SITE
Hosangadi Village, Kundapura Taluk
Udupi District-576282
KARNATAKA
BANKERS
Oriental Bank of Commerce, Bangalore
Punjab National Bank, Mangalore

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4

N O T I C E
NOTICE is hereby given that the Ninth Annual General Meeting of SANDUR POWER
COMPANY LIMITED will be held on Tuesday, 30
th
September 2008 at 11.30 A.M at the
Registered Office at 84, 16
th
Cross, 14
th
Main, 4
th
Sector, HSR Layout, Bangalore-560034, to
transact the following business:
ORDINARY BUSINESS:
1. To receive, consider, approve and adopt the audited Profit and Loss Account for the year
ended 31
st
March 2008, the audited Balance Sheet as at that date and the Directors` and
Auditors` reports thereon.
2. To appoint a Director in place of Mr. H V Eswaraiah, who retires by rotation, and being
eligible, offers himself for reappointment:
3. To appoint Auditors of the Company for the year
SPECIAL BUSINESS:
4. To consider and if thought fit, to pass with or without modification, the following
resolution as ORDINARY RESOLUTION:
~RESOLVED THAT Mr. A N Prakash Rao , who was appointed by the Board of Directors as
an Independent Director of the Company, from 25
th
October 2007, and who holds office up to
the date of the forthcoming Annual General Meeting under section 260 of the Companies Act,
1956, and in respect of whom the Company has received a notice in writing proposing his
candidature for the office of Director under section 257 of the Act, be and is hereby appointed as
a Director of the Company liable to retire by rotation.
5. To consider and if thought fit, to pass with or without modification, the following
resolution as ORDINARY RESOLUTION:
~RESOLVED THAT Mr. B Ramesh Babu , who was appointed by the Board of Directors as an
Independent Director of the Company, from 28
th
March 2008, and who holds office up to the
date of the forthcoming Annual General Meeting under section 260 of the Companies Act, 1956,
and in respect of whom the Company has received a notice in writing proposing his candidature
for the office of Director under section 257 of the Act, be and is hereby appointed as a Director
of the Company liable to retire by rotation.
Place: Bangalore By the Order of the Board
DATE: September 3, 2008
Sd.
Registered Office:
84, 16
th
Cross, 14
th
Main R Siva Kumar
4
th
Sector, HSR Layout Company Secretary
Bangalore - 560034

NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS
ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Proxy, in order to be effective, must be deposited at the Registered Office of the
Company not less than 48 hours before the commencement of the Meeting.
3. Members are requested to intimate change in their address if any immediately to the
Company at its Registered Office quoting their folio numbers.
4. Members are requested to bring their copies of the Annual Report for the meeting.
5. All material documents are open for inspection on all working days at the Registered
Office of the Company till the conclusion of the meeting.
6. Shareholders seeking any information with regard to accounts are requested to send their
queries at least 7 days before the meeting so as to enable the management to keep the
information ready.
7. Members/Proxies should bring the admission slip duly filled in for attending the meeting.
8. Additional Information on item 2,3 & 4 to the notice:
Reappointment of Directors:
At the ensuing Annual General Meeting, Shri H V Eshwariah retires by rotation and
being eligible offer themselves for reappointment. The particulars of the aforesaid
Directors are given below:
Profile of Directors retiring by rotation:
Mr. H V Eswaraiah is a Civil Engineer by qualification. He has also done post
graduation in civil engineering from Indian Institute of Science, Bangalore, and post
graduate diploma in business management from Central College, Bangalore. He has had
a wide range of experience in Karnataka Power Corporation Ltd., Siddaganga
Institute of Technology, Tumkur & Public Works Department of Karnataka. He has also
been working as consultant in NTPC and Member of Panel of Experts, Karnataka Power
Corporation Ltd. & Tehri Hydro Development Corporation.
He has also had exposure as Nominee Director of IREDA (Indian Renewable Energy
Development Agency) in Mysore Paper Mills from 1998 to 2005 and Lenders Engineer
for power projects for companies like IDFC, AB, OBC, PNB, SBH, SBI & SBM.

Re-appointment of auditor:
M/s Deloittee Haskins & Sells, Chartered Accountants, Bangalore, retire and being
eligible have signified their willingness for the re-appointment as Auditors and furnished
the required certificate under Section 224 (1B) of the Companies Act, 1956. The
shareholders of the company are requested to appoint M/s Deloittee Haskins & Sells
Chartered Accountants, Bangalore, as Auditor of the company.
Place: Bangalore By the Order of the Board
DATE: September 3, 2008 Sd.
REGISTERED OFFICE: R Siva Kumar
84, 16
th
Cross, 14
th
Main Company Secretary
4
th
Sector, HSR Layout
Bangalore - 560034

ANNEXURE TO THE NOTICE:

Explanatory Statement under Section 173 (2) of the Companies Act, 1956
ITEM: 4
Mr. A N Prakash Rao was appointed as an additional Director of the Company with effect
from 25
th
October 2007 and holds office upt to the date of the ensuring Annual General
Metting. Notice in wirting u/s 257 of the Companies Act has been received from a share
holder signifying his intention to propose Mr Mr. A N Prakash Rao as a candidate for the
office of the director.
Mr. A N Prakash Rao aged about 60 years has done BE (Mechanical) & PGDBM
(Marketing) from XLRI, Jamshedpur.
He has stints in various companies with varied experience. He has worked as Managing
Director of Universal Petrochemical Pvt. Ltd., Consultant for Zia Energy, Dallas, Texas,
USA, Group Head of National Sales & Marketing in Hyundai Motor India Ltd., Technical &
Corporate Affairs Director in Volvo India Pvt. Ltd., General Manager-National Sales in
Hyundai Motor India Ltd. and Head of Southern Region in TELCO (Tata Motors).
The Board of Directors feels that his vast experience will add value to the company. Hence
the board recommends the resolution for your approval.
None of the directors of the Company is concerned or interested in the said resolution8
ITEM 5:
Mr. B Ramesh Babu appointed as an additional Director of the Company with effect from
28th March 2008 and he holds office up to the date of the ensuing Annual General Meeting.
Notice in writing u/s 257 of the Act has been received from a shareholder signifying his
intention to propose Mr. B Ramesh Babu as a candidate for the office of the Director. Mr. B
Ramesh Babu aged about 46 years has done Msc and has more than 25 years experience in
power sector, mine and infrastructure fields. He has partnered successfully many power and
mineral ventures.
The Directors commend the Resolution for the approval of the members.
None of the directors of the Company is concerned or interested in the said resolution.
Place: Bangalore By the Order of the Board
DATE: September 3, 2008 Sd.
REGISTERED OFFICE: R Siva Kumar
84, 16
th
Cross, 14
th
Main Company Secretary
4
th
Sector, HSR Layout
Bangalore - 560034
112 113
DIRECTORS' REPORT
To
The Members,
Sandur Power Company Limited
Your Directors have pleasure in presenting the Ninth Annual Report along with Audited
Statement of Accounts for the year ended 31st March 2008.
1. Financial Results
Amount in Rs. Lacs
Income 2007-08 2006-07
Revenue:
Sales of Energy
Other income
3574.24
59.33
3030.07
174.64
Gross Revenue 3633.57 3204.71
Expenditure :
Employees Remuneration and
Benefits
Generation, Administration &
Other Expenses
Interest and Finance Charges
Depreciation
351.66
357.32
97.25
587.31
183.99
306.42
94.75
585.80
Total Expenditure 1393.54 1170.96
Profit before Tax
Provision for Tax :
Profit after Tax
2240.03
275.00
1965.03
2033.75
253.00
1780.75
2. FINANCIAL PERFORMANCE
Total revenues of the company for the year increased by 13% to Rs. 3633.57 Lacs from
Rs.3204.71 Lacs and there is an increase of 10% in the Net Profit to Rs 1965.03 Lacs from
Rs 1780.75 Lacs.
114
3. OPERATIONAL PERFORMANCE:
The performance of the Plant and the Energy generated during the year under report is as
under:-
Plant Availability (%) Generation of Saleable Energy in Lacs
95.00 1118.15
The tariff for the year under report, in accordance with the Power Purchase Agreement
(PPA), works out to Rs.3.016 per unit. The generation of the Plant during the year was
good. The Saleable Energy worked out to 1118.15 Lakh units. The Power generated by
the company has registered an increase of 8.92% over the previous year generation of
1026.51 Lakh units.
4. OUTLOOK
The Directors of your Company are pleased to report that the generation of energy units
during the year under report was satisfactory. The Plant generated 1118.51 Lakh units of
saleable Energy. The Plant availability achieved was 95%. The Plant Load Factor works
out be 57% which is one among the best figures in Karnataka in Hydro-Generation
Industry. The availability of water in Varahi tail race is satisfactory. The Company is
hopeful that barring unforeseen events, the Plant would generate full designated energy
during the current year.
Notwithstanding the global economic crisis and the resultant turmoil that has engulfed all
over the world, India is projected to relatively come out unscathed. Looking at the growth
of the Indian economy and the consequent demand on infrastructure services, the
company hopes to cash in the opportunities provided in the process. Taking this into
account, the company is hopeful of doing well in future.
5. DIVIDEND
In order to conserve the resources for meeting the expansion plans of your company, your
Directors regret their inability to recommend any dividend for the Financial Year 2007-08.
6. TRANSFER TO GENERAL RESERVE
During the year under review, we have not recommended dividend, hence there was no
transfer to General Reserve and also no transfer for creation of specific reserves. The
entire profit was retained in Profit and Loss account.
7. FIXED DEPOSITS
The Company has not invited or accepted any fixed deposits during the period under
Report.
114 115
8. SHARE CAPITAL
The company has allotted 0% Convertible Preference Shares, convertible within 7 to 9
years in one or more tranches against one fully paid up equity share of Rs 10 each for
fully paid up 10 shares of 0% convertible preference shares, for a total consideration of
Rs 20.85 crores to M/s Silicon Infrastructure Private Limited.
9. INTER CORPORATE DEPOSITS
Inter Corporate Deposits of Rs 8.50 crores obtained from India Cements Ltd. has been
repaid.
11. TAKEOVER
As part of its strategy to maximize value for its shareholders, the company adopts both
organic and inorganic approach for growth. Adopting the inorganic path, the company
has acquired M/s Harish Infrastructure Private Limited by subscribing to 4,975,000
equity shares of Rs 10 each for a stake of 99.80%. M/s Harish Infrastructure Private
Limited, therefore, becomes subsidiary of your company.
Besides this, M/s Silicon Builders Pvt. Ltd., a subsidiary, has taken over M/s Shalom
Infrastructure Pvt. Ltd. and M/s Inspire Hotels Pvt. Ltd.
Another subsidiary, M/s Classic Realty Pvt. Ltd., has attained majority stake in M/s
Capstone Infrastructure Pvt. Ltd.
12. INVESTMENTS
During the year, in order to gain maximum advantage in future, the company has made
investments to the tune of Rs 6.80 crores in other infrastructure companies.
13. DIRECTORS.
During the year Directors Mr. AN Prakash Rao and Mr B Ramesh Babu has been
appointed as additional directors by the directors. Mr. H V Eswaraiah, Dr. HBN Shetty
retire by rotation and being eligible offer themselves for re-appointment.
16.1. SUBSIDIARY COMPANIES.
1. C/ass/c Rea/ty Pr/rate L/m/ted
C/ass/c Rea/ty Pr/rate L/m/ted (CRPL), 100% subsidiary of Sandur Power Company
Limited, achieved a turnover of Rs 2658.81 Lakhs for the year ended March 31, 2008,
and net profit of Rs 338.52 lakhs.
The audited statement of accounts of CRPL for the period ended March 31, 2008,
together with the report of Directors and the Auditors, as required under Section 212 of
the Companies Act, 1956, are attached.
116
2. Carmel Asia Holdings Private Limited
Carme/ As/a Ha/d/ng Pr/rate L/m/ted (CAHPL), 78.84% he/d by yaar campany, is an
investment holding company and its investment will yield strategically good results to
your company in long run.
The audited statement of accounts of CAHPL for the period ended March 31, 2008,
together with the report of Directors and the Auditors, as required under Section 212 of
the Companies Act, 1956, are attached.
3. Bhagavath Sannidhi Estates Private Limited
Bhagarath Sann/dh/ Estate Pr/rate L/m/ted (BSEPL), where yaar campany has
72.77% ha/d/ng, is an infrastructure company developing infrastructure projects which
would fetch good returns in long run.
The audited statement of accounts of BSEPL for the period ended March 31, 2008,
together with the report of Directors and the Auditors, as required under Section 212 of
the Companies Act, 1956, are attached.
16.2 SUBSIDIARIES OF SUBSIDIARY COMPANIES
During the year under review CLASSIC REALTY PRIVATE LIMITED, a subsidiary of
your company, has invested in the equity shares of the following companies and made
them its subsidiaries.
The Details are:
No Name of the Company Investment in
percentage
1 Silicon Builders Private Limited 94.80%
2 Marvel Infrastructure Private Limited 99.85%
CARMEL ASIA HOLDINGS PRIVATE LIMITED, another Subsidiary Company of
your company, has invested in the equity shares of the following companies and made
them its subsidiaries.
The Details are:
No Name of the Company Investment in
percentage
1 Janani Infrastructure Private Limited 67.91%
2 Jagati Publications Private Limited 69.12%
3 Indira Television Limited 51.22%
By virtue of operation of the provision of section 4 (1) (c), all these four companies
become subsidiary companies of your company as the subsidiary of subsidiary also
becomes subsidiary of the holding company.
116 117
As required under section 212 of the Companies Act, 1956, the audited accounts of the
above subsidiaries along with auditors report thereon for the year ended 31
st
March 2008
are annexed.
17. PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS & OUTGO
Particulars with respect to conservation of energy, technology absorption and foreign
exchange earnings & outgo, as per Section 217(1)(e) of the Companies Act, 1956, read
with the Companies (Disclosure of Particulars in the Report of Board of Directors)
Rules, 1988 and forming part of the Directors Report for the year ended 31st March,
2008, are annexed to this report.
18. PARTICULARS OF EMPLOYEES:
As required under the provisions of Section 217(2A) of the Companies Act, 1956, read
with the Companies (Particulars of Employees) Rules, 1975 as amended, the names and
other particulars of employees are set out in the annexure included in this report.
19. AUDITORS
M/s. Deloitte Haskins & Sells., Chartered Accountants, Bangalore, Auditors of the
Company, retire at the conclusion of this Annual General Meeting and being eligible
offer themselves for re-appointment. Your Directors recommend their re-appointment
for members` approval. The Company has received a letter from M/s. Deloitte
Haskins & Sells to the effect that their appointment as Auditors, if made ,
would be within the limits specified Under Section 224(1-B) of the Companies
Act, 1956.
20. AUDITORS` COMMENTS ON THE NOTES TO ACCOUNTS
The Auditors' Report and Notes to Accounts are self-explanatory.
21. PERSONNEL AND INDUSTRIAL RELATIONS
The company has maintained good industrial relations during the year. The Directors
wish to place on record their appreciation for the contribution of the employees of the
Company at all levels.
22. CORPORATE SOCIAL RESPONSIBILITY:
As a responsible corporate citizen, your company has created a specifically dedicated
team headed by Mrs. Y S Bharathi Reddy to discharge its social responsibility and over
the years the company has been contributing to the society making a conscientious effort
to reach out and touch the lives of lesser advantaged and lesser favoured members of the
society.
118
23. DIRECTORS` RESPONSIBILITY STATEMENT:
To the best of knowledge and belief and according to the information and explanations
obtained by them, your Directors make the following statement in the terms of section
217 (2AA) of the Companies Act, 1956.
1. That in the preparation of the annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures.
2. That Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
Company as at 31
st
March 2008 and of the Profit and Loss Account of
the Company for that period.
3. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions
of the Act for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities.
4. That the Directors have prepared the annual accounts on a going
concern basis.
24. ACKNOWLEDGEMENT
Your Directors wish to place on record their gratitude to the Departments of Government
of Karnataka, Karnataka Power Transmission Corporation Limited and MESCOM for
their continued support and assistance during the year. Your Directors thank the
vendors, investors and Bankers for the continued support during the year. They wish to
place on record their sincere appreciation for the cooperation and assistance provided by
the Central and State Government Authorities particularly Ministry of Company Affairs,
Government of India, New Delhi, Custom and Central Excise Authorities, Registrar of
Companies, Karnataka, the Income Tax Department, Andhra Bank, State Bank of Mysore
and other authorities.
Your Directors also wish to place on record their appreciation of contribution made by
employees of the company for their efforts, sincerity, solidarity, co-operation and
support.
The Board also sincerely acknowledges the faith and confidence reposed by the
Shareholders in the Company.
PLACE: BANGALORE For and on behalf of the Board
DATE : 03/09/2008 Sd..
Y S Jagan Mohan Reddy
Chairman and Managing Director
118 119
A: ANNEXURE TO THE DIRECTORS REPORT
THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS)
RULES, 1988
(A) CONSERVATION OF ENERGY
Electricity consumption in Power House auxiliaries is mainly for running governor oil and cooling water pumps
and for ventilation, air conditioning and lighting purposes. Effective energy conservation measures are being taken
in general and also ensuring that electricity consumption in these auxiliaries is kept at the minimum.
Information in Form A, as prescribed for certain industries, is not applicable to the Company.
(B) TECHNOLOGY ABSORPTION
The Hydro-Electric Power Plant was commissioned in May, 2005. Every effort is being made to ensure that various
equipments of the Power House correspond to state of the art technology. For proper maintenance of the plant,
innovative technology is being adopted. No specific expenditure on Research and Development is envisaged for the
same.
(C) FOREIGN EXCHANGE EARNINGS AND OUTGO
Particulars of Foreign Exchange earnings and outgo are given in Schedule `17 B' - Notes to the Accounts - under
Note No.13(3)
B: ANNEXURE TO THE DIRECTORS' REPORT :
Information as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975, as amended, and forming part of the Directors' Report for the year ended March 31, 2007.
Sl.
No
Name of the Employee and
Age
Designation Qualification Date of
Joining
Experience Gross
Remuneration
In Rs.
Previous
Employment.
1 Mr. Y S Jagan Mohan
Reddy
35 years
Managing
Director
MBA 16- 06-2001 12 years 25,648,541 Partnered
Mineral and
power projects
Note:
1. Remanerat/an /nc/ades bas/c sa/ary, a//awances and taxab/e ra/ae af perqa/s/tes as per Incame Tax Ra/es. It a/sa
/nc/ades Rs 13,648,541 af Camm/ss/an.
2. Part/ca/ars regard/ng the emp/ayees draw/ng sa/ary /n excess af that drawn by Manag/ng D/rectar ar Execat/re
ar Wha/e-T/me D/rectar and ha/d/ng, e/ther by h/mse/f ar a/ang w/th spaase and dependent ch//dren, nat /ess than
twa percent af the eqa/ty shares af the Campany are nat app//cab/e.
PLACE: BANGALORE For and on behalf of the Board
DATE : 03/09/2008 Sd.
Y S Jagan Mohan Reddy
Chairman and Managing Director
120
AUDITORS' REPORT
TO THE MEMBERS OF SANDUR POWER COMPANY LIMITED
1. We have audited the attached Balance Sheet of Sandur Power Company Limited as at
March 31, 2008, the Profit and Loss Account and the Cash Flow Statement of the Company
for the year ended on that date, annexed thereto. These financial statements are the
responsibility of the Management of the Company. Our responsibility is to express an
opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India.
These Standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes,
examining on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by the Management as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
3. As required by the Companies (Auditor`s Report) Order, 2003 issued by the Central
Government of India in terms of Section 227 (4A) of the Companies Act, 1956, we enclose in
the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order;
4. Further to our comments in the Annexure referred to above, we report that:
(a) we have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purposes of our audit;
(b) in our opinion, proper books of account as required by law have been kept by the
Company, so far as it appears from our examination of the books;
(c) the Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with
by this report are in agreement with the books of account;
(d) in our opinion, the Balance Sheet, Profit and Loss Account and the Cash Flow Statement
dealt with by this report are in compliance with the Accounting Standards referred to in
Section 211 (3C) of the Companies Act, 1956.
(e) On the basis of the written representations from the directors of the Company ,as on
March 31, 2008 and taken on record by the Board of Directors, we report that none of
the directors is disqualified as on March 31, 2008 from being appointed as a director
under Section 274 (1)(g) of the Companies Act, 1956;
5. In our opinion and to the best of our information and according to the explanations given to
us, the said accounts read together with notes thereon, give the information required, by the
Companies Act, 1956, in the manner so required and give a true and fair view in conformity
with the accounting principles generally accepted in India:
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at
March 31, 2008;
(ii) in the case of the Profit and Loss Account, of the profit for the year ended on that
date; and
(iii) in the case of Cash Flow Statement, of the cash flows for the year ended on that
date.
120 121
For Deloitte Haskins & Sells
Chartered Accountants
Sd.
S. Ganesh
Place: Bangalore Partner
Date: September 3, 2008 M. No.: 204108
AUDITORS' REPORT
TO THE MEMBERS OF SANDUR POWER COMPANY LIMITED
1. We have audited the attached Balance Sheet of Sandur Power Company Limited as at
March 31, 2008, the Profit and Loss Account and the Cash Flow Statement of the Company
for the year ended on that date, annexed thereto. These financial statements are the
responsibility of the Management of the Company. Our responsibility is to express an
opinion on these financial statements based on our audit.
2. We conducted our audit in accordance with auditing standards generally accepted in India.
These Standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes,
examining on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by the Management as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
3. As required by the Companies (Auditor`s Report) Order, 2003 issued by the Central
Government of India in terms of Section 227 (4A) of the Companies Act, 1956, we enclose in
the Annexure, a statement on the matters specified in paragraphs 4 and 5 of the said Order;
4. Further to our comments in the Annexure referred to above, we report that:
(a) we have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purposes of our audit;
(b) in our opinion, proper books of account as required by law have been kept by the
Company, so far as it appears from our examination of the books;
(c) the Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with
by this report are in agreement with the books of account;
(d) in our opinion, the Balance Sheet, Profit and Loss Account and the Cash Flow Statement
dealt with by this report are in compliance with the Accounting Standards referred to in
Section 211 (3C) of the Companies Act, 1956.
(e) On the basis of the written representations from the directors of the Company ,as on
March 31, 2008 and taken on record by the Board of Directors, we report that none of
the directors is disqualified as on March 31, 2008 from being appointed as a director
under Section 274 (1)(g) of the Companies Act, 1956;
5. In our opinion and to the best of our information and according to the explanations given to
us, the said accounts read together with notes thereon, give the information required, by the
Companies Act, 1956, in the manner so required and give a true and fair view in conformity
with the accounting principles generally accepted in India:
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at
March 31, 2008;
(ii) in the case of the Profit and Loss Account, of the profit for the year ended on that
date; and
(iii) in the case of Cash Flow Statement, of the cash flows for the year ended on that
date.
122
ANNEXURE REFERRED TO IN PARAGRAPH 3 OF OUR REPORT OF EVEN DATE
1. The nature of the Company business/activities during the period is such that the Clauses iii
(d), (f), (g), v (b), vi, ix (b), x, xii, xiii, xiv, xviii, xix and xx are not applicable.
2. In respect of fixed assets:
a) The Company has maintained proper records showing full particulars, including
quantitative details and situation of fixed assets.
b) Some of the fixed assets were physically verified during the year by the management in
accordance with a programme of verification, which in our opinion provides for physical
verification of all the fixed assets at reasonable intervals. According to the information
and explanations given to us, no material discrepancies were noticed on such verification.
c) Although some of the fixed assets have been sold during the year, in our opinion and
according to the information and explanations given to us, the ability of the Company to
continue as a going concern is not affected.
3. In respect of inventories:
(a) As explained to us, inventories were physically verified during the year by the
management at reasonable intervals.
(b) In our opinion and according to the information and explanations given to us, the
procedures of physical verification of inventories followed by the management were
reasonable and adequate in relation to the size of the Company and the nature of its
business.
(c) In our opinion and according to the information and explanations given to us, the
Company has maintained proper records of its inventories and no material
discrepancies were noticed on physical verification
4. In respect of loans, secured or unsecured, granted or taken by the Company to or from
companies, firms or other parties covered in the register maintained under section 301 of the
Companies Act 1956, according to the information and explanations given to us:
a) The Company has granted advances to one party. At the year-end, the outstanding
balances of such advances granted aggregated to Rs. 33,000,000 (one party) and the
maximum amount involved during the year was Rs. 33,000,000.
b) The rate of interest and other terms and conditions of such advances are, in our opinion,
prima facie not prejudicial to the interest of the Company.
c) The receipt and payment of principal amounts and interest have during the year been
regular/as per stipulations.
d) According to information and explanations given to us, the Company has not taken any
loan, secured or unsecured, from companies, firms or other parties covered in the register
maintained under section 301 of the Companies Act, 1956
5. In our opinion and according to the information and explanations given to us, there are
adequate internal control procedures commensurate with the size of the Company and the
nature of its business for the purchase of fixed assets and for the sale of services and we have
not observed any continuing failure to correct the major weaknesses in such internal controls.
122 123
6. To the best of our knowledge and belief, and according to the information and explanations
given to us, there were no contracts or arrangements other than those referred to in paragraph
3 above that needed to be entered in the Register maintained under Section 301 of the
Companies Act, 1956.
7. In our opinion, the internal audit functions carried out during the year by an independent firm
of chartered accountants appointed by the Management have been commensurate with the
size and the nature of its business.
8. We have broadly reviewed the books of account and records maintained by the Company
relating to the generation of power, pursuant to the order made by the Central Government for
the maintenance of cost records under Section 209(1)(d) of the Companies Act,1956 and are
of the opinion that prima facie the prescribed books of account and records have been made
and maintained. We have, however, not made a detailed examination of the records with a
view to determining whether they are accurate or complete.
9. According to the information and explanations given to us, the Company was generally
regular in depositing undisputed statutory dues, including Investor Education and Protection
Fund, Provident Fund, Employees State Insurance, Income-tax, Sales-tax, Wealth Tax,
Service Tax, Custom Duty, Excise Duty, cess and any other material statutory dues with the
appropriate authorities during the year and there are no undisputed statutory dues outstanding
for a period of more than six months from the date they became payable as at the balance
sheet date.
10. In our opinion and according to the information and explanations given to us, the company
has not defaulted in the repayment of dues to financial institutions and banks.
11. In our opinion and according to the information and explanations given to us, the terms and
conditions of the guarantees given by the Company for loans taken by others from banks and
financial institutions, are not prima facie prejudicial to the interests of the Company.
12. To the best of our knowledge and belief and according to the information and explanations
given to us, in our opinion, term loans availed by the Company were, prima facie, applied by
the Company during the year for the purposes for which the loans were obtained, other than
temporary deployment pending application.
13. According to the information and explanations given to us, and on an overall examination of
the balance sheet of the Company, funds raised on short term basis have prima facie not been
used during the year for long term investment.
14. To the best of our knowledge and belief and according to the information and explanations
given to us, no fraud on or by the Company was noticed or reported during the year.
For Deloitte Haskins & Sells
Chartered Accountants
Sd.
S.Ganesh
Place : Bangalore Partner
Date: September 3, 2008 M. No.: 204108
124
PARTICULARS SCHEDULE As at As at
31.03.2008 31.03.2007
Amt in Rs Amt in Rs
SOURCES OF FUNDS :
1. SHAREHOLDERS' FUNDS
Share Capital 1 743,649,870 535,149,870
Reserves and Surplus 2 1,546,220,089 1,315,342,377
Share Application Money 77,500,000 208,500,000
2. LOAN FUNDS
Secured Loans 3 146,498,459 46,958,411
Unsecured Loans 4 90,623,042 -
TOTAL 2,604,491,460 2,105,950,658
APPLICATION OF FUNDS:
1. FIXED ASSETS 5
Gross Block 1,481,353,037 1,468,817,583
Less : Depreciation 165,993,227 108,253,476
Net Assets 1,315,359,810 1,360,564,107
Capital Work-in-Progress 6 193,443,567 44,960,236
1,508,803,377 1,405,524,343
2. INVESTMENTS 7 944,228,723 876,178,787
3. CURRENT ASSETS, LOANS & ADVANCES
Sundry Debtors 8 96,698,689 47,045,511
Cash & Bank 9 25,820,460 14,308,341
Loans and Advances 10 55,270,333 40,618,264
177,789,482 101,972,116
LESS: CURRENT LIABILITIES AND PROVOSIONS
Current Liabilities 11 22,864,823 274,867,141
Provisions 12 3,465,299 2,857,447
26,330,122 277,724,588
NET CURRENT ASSETS 151,459,360 (175,752,472)
TOTAL 2,604,491,460 2,105,950,658
SIGINIFICANT ACCOUNTING POLICIES 18 0 -
NOTES ON ACCOUNTS
Notes to accounts form an integral part of the Financial Statements
per our report attached of even date
For DELOITTE HASKINS & SELLS For and on behalf of the Board of Directors
Chartered Accountants
Sd.. Sd.. Sd.. Sd..
R Siva Kumar Y S Jagan Mohan Reddy Harish C Kamarthy
S. Ganesh Company Secretary Managing Director Director
Partner
Membership No. 204108
Place : Bangalore
Date : September 3, 2008
SANDUR POWER COMPANY LIMITED
BALANCE SHEET AS AT MARCH 31, 2008
124 125
SANDUR POWER COMPANY LIMITED
SCHEDULE TO THE BALANCE SHEET AS AT MARCH 31, 2008
Schedule 1: SHARE CAPITAL
PARTICULARS As at As at
31.03.2008 31.03.2007
(Amt In Rs.) (Amt In Rs.)
Authorised Capital:
55,000,000 ( PY - 55,000,000) Equity shares of Rs.10 each 550,000,000 550,000,000
210,000,000 50,000,000
Issued, Subscribed and Paidup
53,514,987 Equity Shares of Rs. 10 /- 535,149,870 535,149,870
2,08,50,000 0% Convertible Preference Shares of Rs. 10/- each, convertible 208,500,000 -
within a period of 3 - 5 years.( Refer Note 2 to Schedule 18)
Total 743,649,870 535,149,870
Schedule 2: RESERVES AND SURPLUS
PARTICULARS As at As at
31.03.2008 31.03.2007
a) Securities Premium Account - As per last Balance Sheet 1,070,507,727 1,070,507,727
b) Capital Subsidy - -
Add: Received during the year 34,375,000
c) Surplus in Profit and Loss account 441,337,362 244,834,650
Total 1,546,220,089 1,315,342,377
Schedule 3: SECURED LOANS
PARTICULARS As at As at
31.03.2008 31.03.2007
a) TERM LOANS:
Andhra Bank Foreign Currency Loan - 46,958,411
Repayable within one year Rs. Nil ( PY Rs. Nil)
Punjab National Bank 146,498,459 -
Repayable within one year Rs. Rs. 30,000,000 ( PY Rs. Nil)
Total 146,498,459 46,958,411
Secured by first charge on the block of assets of the company (including deposit of title deeds of project land)
Schedule 4: UNSECURED LOANS
PARTICULARS As at As at
31.03.2008 31.03.2007
From a Company 90,623,042 -
Total 90,623,042 -
21,000,000 (P.Y. 5,000,000) 0% Preference shares of 10/- each
126
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126 127
SANDUR POWER COMPANY LIMITED
SCHEDULE TO THE BALANCE SHEET AS AT 31ST MARCH 2008
Schedule 6: CAPITAL WORK-IN-PROGRESS
PARTICULARS As on As on
31-3-2008 31.03.2007
(Amt in Rs.) (Amt in Rs.)
PROJECT EXPENSES :
PPA Processing Fee 562,500 562,500
Capital work in progress 209,066 -
Interest during construction 2,489,646 -
Capital Equipments Received during the year 72,012,724 -
Advance - Grant of Land 88,919 47,736
Advance paid 118,080,712 44,350,000
193,443,567 44,960,236
Schedule 7: INVESTMENTS
PARTICULARS As on As on
31.03.2008 31.03.2007
INVESTMENTS AT COST, UNQUOTED
LONG TERM INVESTMENTS
IN SUBSIDIARY COMPANIES, Trade
A) Classic Realty Pvt Ltd. 644,720,787 644,720,787
B) Silicon Infrastructure Pvt. Ltd.
(Fully paid Equity Shares of Rs. 10/- at par)
C) Carmel Asia Holdings Pvt. Ltd. 120,000,000 120,000,000
12,000,000 ( PY- 12,000,000) Fully paid Equity Shares of Rs. 10/- at par
C) Bhagavath Saniddi Estates Pvt. Ltd. 24,100,000 11,900,000
2,410,000 (PY- 1,190,00) Fully paid Equity Shares of Rs. 10/- at par
D) Harish Infrastructure Pvt Ltd 49,750,000 -
4,975,000 ( PY - Nil) Fully paid Equity Shares of Rs. 10/- at par
IN ASSOCIATE COMPANIES, TRADE
C) Silicon Infrastructure Pvt. Ltd.
7,470,000 (PY- 7,470,000) Fully paid Equity Shares of Rs. 10/- at par 74,700,000 74,700,000
OTHER , NON - Trade
A) Janani Infrastructure Pvt. Ltd. 24,707,936 20,208,000
B) Silicon Builders Pvt. Ltd. 1,600,000 100,000
160,000 ( PY - 10,000)Fully paid Equity Shares of Rs. 10/- at par
C) Raghuram Cements Ltd. 1,850,000 1,850,000
185 000 ( PY- 185,000) Fully paid Equity Shares of Rs. 10/- at par
D) Capstone Infrastructure Pvt Ltd 100,000 -
10,000 (PY- Nil) Fully paid Equity Shares of Rs. 10/- at par
E) Shalom Infrastructure Pvt. Ltd. 2,700,000 2,700,000
Total 944,228,723 876,178,787
Additions during the year
Name of the Company # of shares Amount
Silicon Builders Pvt Ltd 150,000 1,500,000
Capstone Infrastructure Pvt Ltd 10,000 100,000
Janani Infrastructure Pvt Ltd 40,178 4,499,936 2,020,800 20,208,000
Bhagavath Sanniddi Estates Pvt Ltd 1,220,000 12,200,000 190,000 1,900,000
Harish Infrastructure Pvt Ltd 4,975,000 49,750,000
Classic Realty Pvt Ltd 95,000 644,720,787
Carmel Asia Holdings Pvt Ltd 7,000,000 70,000,000
Shalom Infrastructure Pvt Ltd 270,000 2,700,000
Deletions during the year
Krishna Power Technologies Pvt Ltd 37,400 1,870,000
Year ended March 31, 2008 Year ended March 31, 2007
95,000 ( PY- 95,000) Fully paid Equity Shares of Rs. 100/- at premium of Rs.6,687/-
20,20,800 paid Equity Shares of Rs. 10/- at par & 40,178 Equity Share fully paid up of Rs.
10/- at a premium of Rs. 102
270,000 ( PY-270,000) Fully paid Equity Shares of Rs.10/- at par
128
SANDUR POWER COMPANY LIMITED
SCHEDULE TO THE BALANCE SHEET AS AT 31ST MARCH 2008
Schedule 8: SUNDRY DEBTORS
PARTICULARS As on As on
31.03.2008 31.03.2007
Sundry Debtors
Unsecured, considered good
Exceeding six months - -
Others 96,698,689 47,045,511
Total 96,698,689 47,045,511
Schedule 9: CASH & BANK
PARTICULARS As on As at
31.03.2008 31.03.2007
Cash in hand 10,262 37,444
Balance With Schedule Banks
In Current Accounts 1,951,758 6,693,724
In Deposit Accounts 23,858,440 7,577,173
Total 25,820,460 14,308,341
Schedule 10: LOANS AND ADVANCES
PARTICULARS As on As on
31.03.2008 31.03.2007
Unsecured, Considered good :
Interest Accrued 2,396,696 2,551,819
Advances recoverable in cash or in kind 2,352,854 2,626,793
Deposits 1,840,472 2,147,667
CustomDuty Refund receivable 291,985 291,985
15,388,326 -
Secured, Considered good :
Advance to a Company 33,000,000 33,000,000
(Fully secured by way of personal guarantee of the
Managing Director)
Maximumamount outstanding during the year is 33,000,000
(PY - Rs. 37,000,000)
Total 55,270,333 40,618,264
Due fromSubsidiary (Maximumamount oustanding during the year
Rs. /- (P.Y. Rs. /-)
128 129
SANDUR POWER COMPANY LIMITED
Schedule 11: SUNDRY CREDITORS
PARTICULARS As on As on
31.03.2008 31.03.2007
Amt in Rs Amt in Rs
Sundry Creditors:
Dues to Micro enterprisies and Small enterprises -
Dues to other than Micro enterprises and Small enterprises 4,565,573 7,638,997
Due to Managing Director 15,186,317 -
Book overdraft in current account with scheduled banks 2,908,920 -
Other liabilities 204,013 501,470
Due to subsidiary company - 266,726,674
Total 22,864,823 274,867,141
Schedule 12: PROVISIONS
PARTICULARS As on As on
31.03.2008 31.03.2007
Amt in Rs Amt in Rs
Provisions for :
Employee benefits 600,000 600,000
Fringe Benefit Tax ( Net of advance taxes paid) 409,699 200,574
Income Tax ( Net of advances taxes paid) 2,205,600 2,056,873
Wealth Tax 250,000 -
Total 3,465,299 2,857,447
SCHEDULE TO THE BALANCE SHEET AS AT MARCH 31, 2008
130
1
A. Significant Accounting Policies and Notes on Accounts for the year ended March 31, 2008
1. GENERAL
The financial statements have been prepared under the historical cost convention, in
accordance with the Generally Accepted Accounting Principles (GAAP) in India and the
provisions of the Companies Act, 1956, as adopted consistently by the Company. The
Company follows mercantile system of accounting and recognizes income and
expenditure on accrual basis.
2. USE OF ESTIMATES
The preparation of the financial statements in conformity with Indian GAAP requires that
the management makes estimates and assumptions to affect the reported amounts of assets
and liabilities, disclosure of contingent liabilities as at the date of the financial statements
and reported amounts of revenue and expenses during the reported period. Actual result
could differ from those estimates.
3. REVENUE RECOGNITION
(i) Revenue from sale of Power is recognised on the basis of power generated and
delivered to Mangalore Electricity Supply Company Limited (MESCOM) at
delivery point in accordance with the provisions of the power purchase
agreement dated 3
rd
February 2004.
(ii) Income from insurance claims is accounted for to the extent the same is received
or acknowledged by the Insurance Company.
(iii) Interest income is recognized based on the implied interest rates for each
transaction
4. FIXED ASSETS
Fixed Assets are stated at the cost of acquisition, less accumulated depreciation. Costs
incurred on the fixed assets till the date the assets are ready to use are capitalized.
Cost of Leasehold land is amortized over the primary period of lease.
Licensing Rights for the acquisition of Varahi Tail Race Hydel Project and Leasehold
Land is amortised over the primary period of lease.
6 & + ( ' 8 / (
130 131
2
5. DEPRECIATION
Depreciation on fixed assets is provided on the straight line method, based at the rates
specified in Schedule XIV, and is charged on pro-rata basis from the date of acquisition
of assets.
Assets costing less than Rs 5,000/- individually are depreciated in full in the year of its
purchase.
6. INVENTORIES
Inventory in the nature of stores is issued to consumption as and when they are
purchased.
7. INVESTMENTS
Long term Investments are stated at cost less any diminution in value other than those
temporary in nature.
Current Investments are stated at lower of cost and market/fair value.
8. EMPLOYEE BENEFITS
a) Short term employee benefits including salaries, social security contributions, short
term compensated absences(such as paid annual leave) where the absences are
expected to occur within twelve months after the end of the period in which the
employees render the related employee service, bonus payable within twelve months
after the end of the period in which the employees render the related services and non
monetary benefits(such as medical care) for current employees are estimated and
measured on an undiscounted basis.
b) Defined Contribution Plan:
Company`s contributions paid /payable during the year to Provident Fund are
recognized in the profit and loss account.
c) Defined Benefit Plan:
Liability towards gratuity is provided on actual basis as at the year end and is not
funded.
9. FOREIGN CURRENCY TRANSACTIONS
Transactions in foreign currency are recognized at the exchange rates prevailing on the
date of the transactions. Exchange differences arising on foreign currency transactions
settled during the year are recognized in the profit & loss account. Monetary foreign
currency assets and liabilities are restated at the exchange rates prevailing at the year end
and all exchange gains / losses arising therefrom are recognized in the profit & loss
account.
132
3
10. BORROWING COSTS
Borrowing costs other than that attributable to a qualifying asset are expensed as and
when incurred.
11. INCOME TAX
Taxes on income for the current year are determined on the basis of the Income Tax Act
1961.
Deferred tax is recognized on timing differences between the accounting income and the
taxable income for the year and quantified using the tax rates and laws enacted or
substantively enacted as on the Balance Sheet date. Deferred tax assets are recognized
and carried forward to the extent that there is a reasonable certainty that sufficient future
taxable income will be available against which such deferred tax asset can be realized
Fringe Benefit tax is calculated based on the provisions of Income Tax Act, 1961.
12. IMPAIRMENT OF ASSETS
The carrying amounts of assets are reviewed at each Balance Sheet date, if there is any
indication of impairment based on internal / external factors. An asset is treated as
impaired when the carrying cost of assets exceeds its recoverable value. An impairment
loss is charged to Profit and Loss Account in the year in which an asset is identified as
impaired. The recoverable amount is greater of the asset`s net selling price and value in
use. In assessing value in use, the estimated future cash flows are discounted to the
present value. A previously recognized impairment loss is further provided or reversed
depending on changes in circumstances.
13. PROVISIONS & CONTINGENT LIABILITIES
A provision is recognised when an enterprise has a present obligation as a result of past
event; 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. Provisions are not discounted to its
present value and are determined based on best estimate required to settle the obligation at
the balance sheet date. These are reviewed at each balance sheet date and adjusted to
reflect the current best estimates.
14. CAPITAL GRANTS
Capital grants other than relating to specific fixed assets are credited to capital
reserves.
132 133
4
B.NOTES ON ACCOUNTS
1. COMMITMENTS & CONTINGENT LIABILITIES
31-03-2008 31-03-2007
Estimated amount of contracts remaining to b
executed on capital account and not provided for
45,235,533 185,850,000
Guarantees given by the Company 1,170,000,000 1,170,000,000
2. CONVERTIBLE PREFERENCE SHARES
The Company has issued 20,850,000 Zero percent Convertible Preference Shares of the
face value of Rs. 10/- each at par to one of its associates. These preference shares are
converible within a period at 7-9 years of its issue.
3. SEGMENTAL REPORTING
Primary Segment: The Company`s business comprises of generation and sale of power
which constitutes a single segment and is restricted to one geographical area. Hence, the
disclosure of segment information as per Accounting Standard 17 is not applicable.
4. RELATED PARTY DISCLOSURES
(a) Name of Related Party
Sl.
No. Nature of relationship Name of Party
1 Subsidiary Companies Carmel Asia Holdings (P)Ltd
Bhagavath Sannidhi Estates (P) Ltd
Classic Realty (P) Ltd
Harish Infrastructure (P) Ltd
Capstone Infrastructure (P) Ltd
Marvel Infrastructure (P) Ltd
Shalom Infrastructure (P) Ltd
Silicon Builders (P) Ltd
2 Associate Company Janani Infrastructure (P) Ltd
Silicon Infrastructure (P) Ltd
3 Key Management Personnel
Managing Director
Director
Director
Y S Jagan Mohan Reddy
J J Reddy
Harish C Kamarthy
4
Enterprises over which key
management personnel exercises
significant influence
Saraswathi Power & Industries (P) Ltd
Raghuram Cements Ltd
134
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10
Note:
1.Related party relationship have been identified by the management and relied upon by
the auditors.
2.Previous year figures have been shown in brackets.
3.No amounts in respect of the related parties have been written off/back or provided for
during the year.
5. EARNINGS FROM EQUITY SHARES:
(Amount in Rs.)
Particulars 31-03-2008 31-03-2007
Nominal value of Equity Shares (Rs.) Rs. 10/- Rs. 10/-
Profit after Taxation 196,502,712 178,074,511
Weighted average number of equity shares
outstanding
53,514,987 53,514,987
Earnings per Equity Share - Basic & Diluted 3.67 3.33
The conversion rate for 0% Convertible Preference shares being contingent as per
terms of the Share Subscription, the diluted earnings per share has not been computed
and disclosed.
6. INCOME TAXES:
a) During the year, the Company does not have taxable income as per regular
computation; hence provision for Income Tax is made as per Minimum Alternate Tax
under section 115 JB of the Income Tax Act, 1961.
b) The timing differences relating mainly to depreciation and gratuity as at March 31,
2008 resulted in a deferred tax asset as per Accounting Standard 22 Accounting for
Taxes on Income. As a prudent measure, the deferred tax assets has not been
recognised in the accounts
7. MANAGERIAL REMUNERATION:
8. There are no Micro, Small and Medium Enterprises, to whom the company owes dues,
which are outstanding for more than 45 days at the Balance Sheet date. The above
information that is given in Schedule 11 - Current Liabilities regarding micro, small and
medium enterprises has been determined to the extent such parties have been identified on
Particulars 31-03-2008 31-03-2007
Salaries 13,537,776 13,098,900
Perquisites Nil Nil
Commission 15,186,317 Nil
TOTAL 28,724,093 13,098,900
140
11
the basis of information available with the company. This has been relied upon by the
auditors.
9. Computation of Net profit in accordance with Section 349 and 198 of The Companies Act
1956
Particulars 31-03-2008
Rs.
31-03-2007
Rs.
Profit Before Taxation 224,002,712 203,374,511
Add: Depreciation as per Books 58,731,035 58,580,057
Managerial Remuneration 28,724,093 13,098,900
(Profit)/Loss on Sale of Assets 89,125 (11,148,987)
Sitting Fees paid to Directors 50,000 -
Capital subsidy received from Central
Government
34,375,000 -
Total 118,531,753 60,529,970
Less: Depreciation as per Books 58,731,035 58,580,057
Total 58,731,035 58,580,057
Net Profit for calculation of Commission 287,240,930 205,324,424
@ 10 % of Net Profit 28,724,093 *20,532,442
* - In the previous year, the remuneration paid to directors was restricted to Rs.13,098,900
10. EMPLOYEE BENEFITS
1. Employee Benefits
The Company has during the year ended March 31, 2008 adopted Accounting Standard
15 on Employee Benefits (Revised) issued by the Institute of Chartered Accountants of
India, the details of which are given below:
I Defined Contribution Plans
i. Employers` Contribution to Provident Fund
ii. Employers` Contribution to Employee`s Pension Scheme 1995.
During the year, the Company has recognized the following amounts in the Profit
and Loss Account-
Particulars Rs
Employers` Contribution to Provident Fund and Pension Scheme * 413,384
* Included in Contribution to provident and other funds
The directors of the Company are not eligible for gratuity. The liability towards gratuity
for eligible employees is provided on actual basis on the number of years of service as at
140 141
12
the year end and is not funded. The amount provided is greater than that determined on
actuarial basis and such provision does not have a material impact on the profit for the
year.
11. REMUNERATION TO AUDITORS
12. CAPITAL GRANTS:
The Company has been granted a sum of Rs. 34,375, 000/- during the year 2007-08 under
the scheme for setting up of commercial SHP projects up to 25 MW of the Ministry of New
and Renewable Energy. The grant is released for the purpose of prepayment of loan availed
by the Company which has been recognized as capital reserve in the accounts.
13. Additional information pursuant to the provisions of paragraph 3 & 4 of Part II of
Schedule VI to the Companies Act, 1956, to the extent applicable:
1. CAPACITY AND PRODUCTION
Particulars 31-03-08 31-03-07
Licenced Capacity* 22.50 MW 22.50 MW
Installed Capacity* 22.50 MW 22.50 MW
Actual Production 1,188.15 Lakh Units 1,026.51 Lakh Units
* As certified by the management and not verified by the auditors being technical matter
2. VALUE OF EARNINGS IN FOB BASIS - Nil (PY NIL)
3. CIF VALUE OF IMPORTS
Amount in Rs.
Sl.
No.
Particulars 31-03-08 31-03-07
(i) Capital items 6,234,483 -
(ii) Others - -
4. EXPENDITURE IN FOREIGN CURRENCY
Amount in Rs.
Particulars 31-03-08 31-03-07
Travel - -
Others - 832,487
Particulars 31-03-08 31-03-07
Statutory Audit fee 500,000 5,00,000
Tax Audit Fee 200,000 400,000
Out of Pocket expenses
(including service tax)
86,520 133,475
TOTAL 786,520 1,033,475
142
13
5. STORES & SPARES CONSUMED
Amount in Rs.
Sl.
No.
Particulars 31-03-2008 % 31-03-2007 %
(i) Indigenous 6,248,184 100% 6,951,144 100%
(ii) Imported Nil 0% Nil 0%
14. Previous year figures have been regrouped / reclassified wherever necessary to confirm to
the current year presentation
Signatures to Schedule 1 to 18
For Deloitte Haskins & Sells
Chartered Accountants for and behalf of the Board of Directors
Sd/- Sd.. Sd.. Sd..
S. Ganesh R Siva Kumar Y S Jagan Mohan Reddy Harish C Kamarthy
Partner Company Secretary Managing Director Director
Membership No. 204108
143
A: SANDUR POWER COMPANY LIMITED AND ITS
SUBSIDIARY COMPANIES
1. Classic Realty Private Limited
2. Carmel Asia Holdings Private Limited
3. Bhagavath Sannidhi Estates Private Limited
4. Harish Infrastructure Private Limited
B: Sabs/d/ar/es af Sabs/d/ary Campan/es
1.Subsidiaries of Classic Realty Private
Limited:
a. Silicon Builders Private Limited
b. Marvel Infrastructure Private Limited
c. Capstone Infrastructure Private Limited
2. Subsidiaries of Carmel Asia Holdings
Private Limited:
a. Janani Infrastructure Private Limited
b. Jagati Publications Private Limited
c. Indira Television Ltd.
3. Subsidiaries of Silicon Builders Private Limited
a. Shalom Infrastructure Private Limited
b. Inspire Hotels Private Limited
144
SANDUR POWER COMPANY LIMITED
Statement under Section 212 of the Companies Act, 1956 relating to
Subsidiary Companies
Name of the Subsidiary As per
Section
Financial
Year
ended on
Shareholding Net aggregate profit/loss
of the subsidiary for the
financial year so far as it
concerns members of the
company
Net aggregate profit/loss of
the subsidiary for the
previous financial year since
it became a subsidiary so far
as it concerns the members
of the company
Number & Face
Value
Extent Dealt
with
Not Dealt with Dealt Not Dealt
Classic Realty Private
Limited
4(1)(b) 31-03-2008 95000 Equity
Shares of Rs 100
each
100% NIL NIL NA NA
Silicon Builders Private
Limited
4(1)(c) 31/03/2008 23,427,500
Equity Shares of
Rs 10 each
94.80% NIL NIL NA NA
Shalom Infrastructure
Private Limited
4(1)(c) 31/03/2008 2,370,000 Equity
Shares of Rs 10
each
51.56% NIL NIL NA NA
Inspire Hotels Private
Limited
4(1)(c) 31/03/2008 5,970,000 Equity
Shares of Rs 10
each
99.48% NIL NIL NA NA
Marvel Infrastructure
Private Limited
4(1)(c) 31-03-2008 20,240,000
Equity Shares of
Rs 10 each
99.85% NIL NIL NA NA
Capstone Infrastructure
Private Limited
4(1)(c) 31-03-2008 4,420,000 Equity
Shares of Rs 10
each
99.55% NIL NIL NA NA
Carmel Asia Holding
Private Limited
4(1)(b) 31-03-2008 12,000,000
Equity Shares of
Rs 10 each
78.84% NIL NIL NA NA
Janani Infrastructure
Private Limited
4(1)(c) 31-03-2008 7,216,657 Equity
Shares of Rs 10
each
67.91% NIL NIL NA NA
Jagati Publications
Private Limited
4(1)(c) 31-03-2008 73,560,800
Equity Shares of
Rs 10 each
69.12% NIL NIL NA NA
Indira Television Limited 4(1)(c) 31-03-2008 52,500,000
Equity Shares of
Rs 10 each
51.22% NIL NIL NA NA
Bhagavath Sannidhi
Estates Private Limited
4(1)(b) 31-03-2008 2,410,000 Equity
Shares of Rs 10
each
72.77% NIL NIL NA NA
Harish Infrastructure
Private Limited
4(1)(b) 31-03-2008 4,975,000 Equity
Shares of Rs 10
each
99.80% NIL NIL NA NA
PLACE: BANGALORE For and on behalf of the Board
DATE : 03/09/2008 Sd.
Y S Jagan Mohan Reddy
Chairman and Managing Director
145
146
147
148
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
23,525,000
10.00
10.00
0.00
0.00
0.00
0.00
02/08/2007
Pre - Fill U22212AP2006PTC051651
8-2-696, Carmel Point,
Road No: 12, Banjara Hills
Hyderabad
Andhra Pradesh
INDIA
500034
JAGATI PUBLICATIONS PRIVATE LIMITED
0.00
235,250,000
235,250,000
0.00
0.00
0.00
149
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
150
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.12.15 14:42:20 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2007.12.15 14:43:37 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.12.26 13:07:24 +05'30'
Remove attachment
jagati1.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
JAGATI PUBLICATIONS PRIVATE LIMITED
Attach
735,708,000.00
Submit to BO
02/08/2007
Check Form Modify
151
152
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
2,166,660
10.00
10.00
0.00
0.00
350.00
0.00
15/10/2007
Pre - Fill U22212AP2006PTC051651
8-2-696, Carmel Point,
Road No: 12, Banjara Hills
Hyderabad
Andhra Pradesh
INDIA
500034
JAGATI PUBLICATIONS PRIVATE LIMITED
0.00
21,666,600
21,666,600
0.00
758,331,000
0.00
153
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
154
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.12.15 14:57:59 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2007.12.15 14:58:43 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.12.26 12:45:40 +05'30'
Remove attachment
jagati2.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
JAGATI PUBLICATIONS PRIVATE LIMITED
Attach
757,374,600.00
Submit to BO
15/10/2007
Check Form Modify
155
156
Page 1 of 3
4. Number of Managing Director, director(s) for which the form is being filed
(b) Global location number (GLN) of company
2.(a) *Corporate identity number (CIN) of company or Form 1A reference number
New company Existing company 1. *This form is for
3.(a) Name of the company
Note - All fields marked in * are to be mandatorily filled.
Particulars of appointment of Managing Director,
directors, manager and secretary and the changes
among them or consent of candidate to act as a
Managing Director or director or manager or secretary
of a company and/ or undertaking to take and pay for
qualification shares
FORM 32
[Pursuant to sections 303(2), 264(2) or 266(1)(a)
and 266(1)(b)(iii) of the Companies Act, 1956]
(b) Address of the
registered office
of the company
Name of the director to whom the
appointee is alternate
Executive director Chairman
Whether chairman, executive director, non-executive director
Category
e-mail ID
Appointment Cessation Change in designation
PART - II
Hereby confirmed that the above mentioned is not associated with the company
with effect from (DD/MM/YYYY) due to
.
Director identification number (DIN)
Name
Date of birth
Present residential address
Father's name
Designation
Name of the company or institution
whose nominee the appointee is
DIN of the director to whom the appointee is alternate
(DD/MM/YYYY)
Nationality
I. Details of the Managing Director or director of the company
5. Details of the Managing Director, directors of the company
Non-executive director
Managing Director Director
Date of appointment or
change in designation
8-2-696, Carmel Point,
Road No: 12, Banjara Hills
Hyderabad
Andhra Pradesh
INDIA
500034
Pre-fill
U22212AP2006PTC051651
1
JAGATI PUBLICATIONS PRIVATE LIMITED
Independent
269/S/98, SAGAR SOCIETY
ROAD NO:2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
India 500034
01615868
YEDUGURI SANDINTI JAGAN MOHAN REDDY
21/12/1972
YEDUGURI SANDINTI RAJASEKHAR REDDY
Additional director
Pre-fill
Pre-fill
IN
21/06/2007
157
Page 2 of 3
6. Number of manager(s), secretary(s) for which the form is being filed
Father's name
First name
Income-tax permanent account number (PAN)
I. Details of the manager or secretary of the company
7. Details of the manager or secretary of the company
Line II
Pin code
Fax Phone
City
(DD/MM/YYYY)
Designation
(DD/MM/YYYY)
Middle name
Last name
First name
Last name
Middle name
Present residential address Line I
e-mail ID
State
Date of birth
ISO country code
Appointment Cessation
Date of appointment or cessation
Membership number of the secretary
158
Page 3 of 3
List of attachments
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
To be digitally signed by
Managing Director or director or manager or secretary of the company
(In case of an existing company, person signing the form should be
different from the person in whose respect the form is being filed)
Certificate
It is hereby certified that I have verified the above particulars from the books and records of
and found them to be true and correct.
Attachments:
1. Evidence of payment of stamp duty where qualification shares is involved
(This will be mandatory only if the director giving consent agrees to pay for
at least one share)
2. Consent(s) of the appointee Managing Director, director(s)
3. Declaration regarding qualification shares
4. Evidence of cessation
5. Optional attachment(s) - if any
Verification I
1. *I confirm that the information given above is true to the best of my knowledge and belief.
2. It is also hereby confirmed that the consent of the appointee Managing Director, director(s) has been filed
as an attachment to this eForm (applicable only in the case of a public company)
Verification II
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the Board of directors' resolution number dated (DD/MM/YYYY)
to sign and submit this form.
I am authorised to sign and submit this form.
*Director identification number of the director or Managing Director; or
Income-tax PAN of the manager; or
Membership number, if applicable or income-tax PAN of the secretary
(secretary of a company who is not a member of ICSI, may quote his/ her
income-tax PAN)
*Designation
Chartered accountant (in whole-time practice) or Cost accountant (in whole-time practice) or
Company secretary (in whole-time practice)
*Whether associate or fellow Associate Fellow
*Membership number or certificate of practice number
Submit
consent-Jagati - YSJ.pdf
Remove attachment
Submit to BO
JELLA
JAGANMO
HAN REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am approving this
document
Date: 2007.10.02 14:40:38 +05'30'
SURESH
BHARAD
WAJ
Digitally signed by SURESH
BHARADWAJ
DN: cn=SURESH BHARADWAJ, c=IN,
l=Bangalore, st=Karnataka, o=Tata
Consultancy Services - Certifying
Authority, ou=Shell Software -
Registration Authority, Individual -
Others, Class 2 Certificate,
email=suresh.bharadwaj@rediffmail.
com
Date: 2007.10.02 15:15:40 +05'30'
RamaKrishna
n
Dhanabalan
Digitally signed by RamaKrishnan Dhanabalan DN: cn=RamaKrishnan Dhanabalan, c=IN, l=2nd Floor kendriyasadan SultanBazar Koti Hyderabad, st=Andhra Pradesh, o=Ministry of Company Affairs, Ministry of Company Affairs - Issuing Authority, ou=Ministry of Company Affairs - Registration Authority, Government, Registrar Of Companies, Class 2 Certificate, [email protected] Reason: I am approving this document Date: 2007.10.05 13:20:33 +05'30'
Attach
Attach
Attach
21/06/2007
Attach
Prescrutiny Check Form Modify
Attach
Director
00504212
2892
JAGATI PUBLICATIONS PRIVATE LIMITED
02
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
42,010,000
10.00
10.00
0.00
0.00
0.00
25/01/2007
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
420,100,000
420,100,000
195
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
196
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.11.13 13:13:11 +05'30'
SATYA
REDDY
BADUGU
Digitally signed by SATYA REDDY BADUGU
DN: cn=SATYA REDDY BADUGU, c=IN,
l=Hyderabad, st=Andhra Pradesh, o=Tata
Consultancy Services - Certifying Authority,
ou=SGS Corporate Solutions Pvt. Ltd. -
Registration Authority, Individual - Others,
Class 2 Certificate, email=satyafcs2@yahoo.
co.in
Reason: I am approving this document
Date: 2007.11.13 13:13:46 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.11.20 17:47:25 +05'30'
Remove attachment
scan 2.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
452,450,000.00
03/10/2006
A10409795
Submit to BO
25/01/2007
Check Form Modify
197
198
199
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
1,666,600
10.00
10.00
110.00
110.00
0.00
29/03/2007
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
16,666,000
16,666,000
183,326,000
183,326,000
200
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
201
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.11.13 13:24:49 +05'30'
SATYA
REDDY
BADUGU
Digitally signed by SATYA REDDY BADUGU
DN: cn=SATYA REDDY BADUGU, c=IN,
l=Hyderabad, st=Andhra Pradesh, o=Tata
Consultancy Services - Certifying Authority,
ou=SGS Corporate Solutions Pvt. Ltd. -
Registration Authority, Individual - Others,
Class 2 Certificate, email=satyafcs2@yahoo.
co.in
Reason: I am approving this document
Date: 2007.11.13 13:25:27 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.11.21 11:37:33 +05'30'
Remove attachment
scan 5.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
16,666,000.00
03/10/2006
A10409795
Submit to BO
29/03/2007
Check Form Modify
202
203
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
6,442,300
10.00
10.00
94.00
94.00
0.00
09/04/2007
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
64,423,000
64,423,000
605,576,200
605,576,200
204
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
205
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.11.13 13:35:29 +05'30'
SATYA
REDDY
BADUGU
Digitally signed by SATYA REDDY BADUGU
DN: cn=SATYA REDDY BADUGU, c=IN,
l=Hyderabad, st=Andhra Pradesh, o=Tata
Consultancy Services - Certifying Authority,
ou=SGS Corporate Solutions Pvt. Ltd. -
Registration Authority, Individual - Others,
Class 2 Certificate, email=satyafcs2@yahoo.
co.in
Reason: I am approving this document
Date: 2007.11.13 13:36:10 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.11.20 17:49:08 +05'30'
Remove attachment
scan 6.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
81,089,000.00
03/10/2006
A10409795
Submit to BO
09/04/2007
Check Form Modify
206
207
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
1250000
10.00
10.00
0.00
110.00
110.00
0.00
10/09/2007
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
0.00
12500000
12500000
137500000
137500000
0.00
208
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
209
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2008.03.05 16:21:53 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2008.03.05 16:41:22 +05'30'
P.C.
Nandaku
mar
Digitally signed by P.C. Nandakumar
DN: cn=P.C. Nandakumar, c=IN,
l=2nd Floor kendriyasadan
SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of
Company Affairs, ou=Ministry of
Company Affairs - Registration
Authority, email=pcn.kumar@mca.
gov.in
Reason: I am approving this
document
Date: 2008.03.12 10:49:40 +05'30'
Remove attachment
10 - 09 - 2007.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
93,589,600.00
03/10/2006
A10409795
Submit to BO
10/09/2007
Check Form Modify
210
211
212
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
3,185,000
10.00
10.00
0.00
0.00
0.00
25/10/2006
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
31,850,000
31,850,000
213
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
214
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2007.11.13 12:32:04 +05'30'
SATYA
REDDY
BADUGU
Digitally signed by SATYA REDDY BADUGU
DN: cn=SATYA REDDY BADUGU, c=IN,
l=Hyderabad, st=Andhra Pradesh, o=Tata
Consultancy Services - Certifying Authority,
ou=SGS Corporate Solutions Pvt. Ltd. -
Registration Authority, Individual - Others,
Class 2 Certificate, email=satyafcs2@yahoo.
co.in
Reason: I am approving this document
Date: 2007.11.13 12:34:43 +05'30'
KLP
Prasad
Digitally signed by KLP Prasad
DN: cn=KLP Prasad, c=IN, l=2nd Floor
kendriyasadan SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=klp.
[email protected]
Reason: I am approving this document
Date: 2007.11.20 17:38:54 +05'30'
Remove attachment
Resolution.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
32,350,000.00
03/10/2006
A10409795
Submit to BO
25/10/2006
Check Form Modify
215
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
459459
10.00
10.00
0.00
175.00
175.00
0.00
12/11/2007
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
0.00
4594590
4594590
80405325
80405325
0.00
216
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
217
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2008.03.05 16:31:11 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2008.03.05 16:42:19 +05'30'
P.C.
Nandaku
mar
Digitally signed by P.C. Nandakumar
DN: cn=P.C. Nandakumar, c=IN,
l=2nd Floor kendriyasadan
SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of
Company Affairs, ou=Ministry of
Company Affairs - Registration
Authority, email=pcn.kumar@mca.
gov.in
Reason: I am approving this
document
Date: 2008.03.12 10:50:39 +05'30'
Remove attachment
12-11-2007.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
98,184,190.00
03/10/2006
A10409795
Submit to BO
12/11/2007
Check Form Modify
218
219
220
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
137931
10.00
10.00
0.00
1440.00
1440.00
0.00
26/02/2008
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
0.00
1379310
1379310
198620640
198620640
0.00
221
Page 2 of 3
5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
222
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am the author of this
document
Date: 2008.03.05 16:39:55 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2008.03.05 16:43:25 +05'30'
P.C.
Nandaku
mar
Digitally signed by P.C. Nandakumar
DN: cn=P.C. Nandakumar, c=IN,
l=2nd Floor kendriyasadan
SultanBazar Koti Hyderabad,
st=Andhra Pradesh, o=Ministry of
Company Affairs, ou=Ministry of
Company Affairs - Registration
Authority, email=pcn.kumar@mca.
gov.in
Reason: I am approving this
document
Date: 2008.03.12 10:54:52 +05'30'
Remove attachment
26-02-2008.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
99,563,500.00
03/10/2006
A10409795
Submit to BO
26/02/2008
Check Form Modify
223
224
225
Page 1 of 3
Number of shares allotted
Nominal amount per share (in Rs.)
Total nominal amount (in Rs.)
Amount paid per share on application (in Rs.)
Total amount paid on application (in Rs.)
Amount due and payable per share on allotment (excluding
premium) (in Rs.)
Total amount paid on allotment (excluding premium) (in Rs.)
Premium amount per share due and payable (if any) (in Rs.)
Total premium amount due and payable (if any) (in Rs.)
Premium amount paid per share (if any) (in Rs.)
Total premium amount paid (if any) (in Rs.)
Amount of discount per share (if any) (in Rs.)
Total discount amount (if any) (in Rs.)
(b). Global location number (GLN) of company
4.Shares allotted payable in cash
Class of Shares Preference Equity
3. *Date of allotment
1(a).* Corporate identity number (CIN) of company
Equity
Preference Class of shares
Return of allotment
FORM 2
[Pursuant to section 75(1) of the
Companies Act, 1956]
Note - All fields marked in * are to be mandatorily filled.
(b). Address of the
registered office
of the company
2(a). Name of the company
(DD/MM/YYYY)
68,965
10.00
10.00
0.00
1440.00
1440.00
0.00
31/03/2008
Pre - Fill U26942AP1999PLC031682
8-2-269/S/98, SAGAR SOCIETY
ROAD NO 2, BANJARA HILLS
HYDERABAD
Andhra Pradesh
INDIA
500034
RAGHURAM CEMENTS LIMITED
0.00
689,650
689,650
99,309,600
99,309,600
0.00
226
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5. Shares allotted for consideration otherwise than in cash
Class of shares
Preference Equity
6. Bonus shares issued
(a) Number of bonus shares
(b) Nominal amount per share (in Rs.)
(c) Amount to be treated as paid-up per share (in Rs.)
Class of Shares Preference Equity
Number of shares allotted
Nominal amount per share (in Rs.)
Amount to be treated as paid-up on each share (in Rs.)
The consideration for which such shares have been allotted
(a).Property and assets acquired Description
Amount (in Rs.)
(b).Goodwill Description
Amount (in Rs.)
(c). Services (give nature of services) Description
Amount (in Rs.)
(d) Other items (to be specified) Description
Amount (in Rs.)
227
Page 3 of 3
For office use only:
This e-Form is hereby registered
Digital signature of the authorising officer
Chartered accountant or cost accountant or company secretary (in whole-time practice)
To be digitally signed by
Managing director or director or manager or secretary of the company
List of attachments
Attachments
1. Copy of the resolution authorising the issue of bonus shares
2. *List of allottees
3. Copy of the resolution for the issue of shares at a discount
with a copy of the order of the Central Government
4. Copy of the contract, if any, for allotment of shares for
consideration otherwise than in cash
5. Optional attachment(s) - if any
CERTIFICATE
It is hereby certified that I have verified the above particulars from the books of account and
records of M/s
and found them to be true and correct.
(DD/MM/YYYY)
7(a). Total nominal value of equity shares issued including the present allotment (in Rs.)
(b). Total nominal value of preference shares issued including the present allotment (in Rs.)
8 (a). Date of passing the special resolution authorising issue under section 81
(b). Service request number (SRN) of Form 23
Declaration
To the best of my knowledge and belief, the information given in this form and its attachments is correct and complete.
I have been authorised by the board of directors resolution dated
to sign and submit this form.
(DD/MM/YYYY)
*
JELLA
JAGANMO
HAN
REDDY
Digitally signed by JELLA
JAGANMOHAN REDDY
DN: cn=JELLA JAGANMOHAN
REDDY, o=Sify Communications
Limited,
email=velmurugan@sandurpower.
com
Reason: I am approving this
document
Date: 2008.05.02 16:07:35 +05'30'
Sanath
Kumar
Digitally signed by Sanath Kumar
DN: cn=Sanath Kumar, c=IN, l=Chennai,
st=Tamilnadu, o=Tata Consultancy Services
- Certifying Authority, The Institute of
Chartered Accountants of India - Issuing
Authority, ou=The Institute of Chartered
Accountants of India, Individual - Others,
Class 2 Certificate,
[email protected]
Reason: I am approving this document
Date: 2008.05.07 12:29:54 +05'30'
SHASHI
RAJ DARA
Digitally signed by SHASHI RAJ DARA
DN: cn=SHASHI RAJ DARA, c=IN, l=ROC Bhawan
Opp. Rupal Park Naran Pura Ahmedabad
380013, st=Gujarat, o=Ministry of Company
Affairs, Ministry of Company Affairs - Issuing
Authority, ou=Ministry of Company Affairs -
Registration Authority, Government, Registrar
Of Companies, Class 2 Certificate, email=shashi.
[email protected]
Date: 2008.06.06 12:30:05 +05'30'
Remove attachment
resolution.pdf
List of allot.pdf
Attach
Attach
Attach
Attach
Submit Prescrutiny
RAGHURAM CEMENTS LIMITED
Attach
100,253,150.00
03/10/2006
A10409795
Submit to BO
31/03/2008
Check Form Modify
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S///can Ba//ders Pr/rate L/m/ted
56B/34, 1
st
Ma/n, Vya//kara/, Lawer Pa/ace Orchards
Banga/are- 560 003
-------------------------------------------------------------------------
Nat/ce
NOTICE is hereby given that the Fourth Annual General Meeting of the Company will
be held at the Registered Office of the Company at No 56B/34, 1
st
Main, Vyalikaval,
Lower Palace Orchards, Bangalore-560003, on Thursday, 31
st
July 2008, at 11.00 AM to
transact the following business:
1. To consider and adopt the Audited Accounts of the Company as at 31
st
March
2008 together with the Auditor`s Report and Directors Report thereon.
2. To appoint a Director in place of Mr. D Prabhakar Reddy who retires by rotation at this
meeting and being eligible, offers himself for reappointment.
3. To appoint Auditors of the Company for the year.
BY THE ORDER OF THE BOARD
Sd.. Sd..
Harish C Kamarthy D Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: July 2, 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560 003
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS
ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Proxy, in order to be effective, must be deposited at the Registered Office of the
Company not less than 48 hours before the commencement of The Meeting.
3. Members are requested to intimate change of their address if any immediately to the
Company at its Registered Office quoting their folio numbers.
4. Members are requested to bring their copies of the Annual Report for the meeting.
250
5. All material documents are open for inspection on all working days at the Registered
Office of the Company till the conclusion of the meeting.
6. Shareholders seeking any information with regard to accounts are requested to send their
queries at least 7 days before the meeting so as to enable the management to keep the
information ready.
7. Members/Proxies should bring the admission slip duly filled in for attending the meeting.
8. Additional Information on item2, &3 to the notice:
Re-appointment of Directors:
At the ensuing Annual General Meeting, Mr. D Prabhakar Reddy retires by rotation and being
eligible offer himself for reappointment.
Re-appointment of Auditor:
M/s IVS & Associates, Chartered Accountants, retire as Auditors of the company and being
eligible, have signified their willingness for reappointment as Auditors and furnished the
required certificate under Section 224 (1B) of the Companies Act, 1956. The shareholders of
the company are requested to appoint M/s IVS & Associates as Auditors of the company.
BY THE ORDER OF THE BOARD
Sd.. Sd..
Harish C Kamarthy D Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: July 2, 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
251
S///can Ba//ders Pr/rate L/m/ted
56B/34, 1
st
Ma/n,Vya//kara/, Lawer Pa/ace Orchards
Banga/are- 560 003
D/rectars' Repart
To The Share Holders
Your Directors are happy to present the Fourth Annual Report of the company for the year ended
31
st
March 2008 along with the copies of Balance Sheet and Statement of Pre-operative Expenses
as on the said date.
OPERATIONS
As reported last year, the company was supposed to commence operations this year. But looking at
the market conditions, the company has taken a conscious decision to hold the project for the time
being. The company will proceed with the project once the market circumstances improve.
SHARE CAPITAL
During the period under consideration, the company has strengthened its capital base by issuing
( quity Shares of Rs.10/- each.
INVESTMENT
In the considered period, your company has made the following investments:
1. Indira Television Limited - Rs 49,749,750
2. Inspire Hotels Private Limited - Rs 59,700,000
3. Shalom Infrastructure Private Limited - Rs 71,100,000
TAKEOVER
The company has acquired the following companies:
1. Inspire Hotels Private Limited - 5,970,000 equity shares of Rs 10 each amounting to 99.48% of
total shareholding
2. Shalom Infrastructure Private Limited - 2,370,000 equity shares of Rs 10 each amounting to
51.56^%of total shareholding
Hence, these two companies become subsidiaries of Silicon Builders Pvt. Ltd.
SHARE APPLICATION MONEY
The company has received Rs 10 crores as share application money.
252
SHARE PREMIUM
Your company has accepted Rs 19 crores as share premium.
FIXED DEPOSITS
The Company has not invited or accepted any fixed deposits during the period under report.
DIRECTORS
Mr D Prabhakar Reddy retires by rotation and being eligible, your directors recommend his re-
appointment.
CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
The particulars as prescribed under sub-section (1)(e) of Section 217 of the Companies Act, 1956,
read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules,
1988 are given in Annexure which forms part of the Directors` Report.
PARTICULARS OF EMPLOYEES:
During the year, the Company had no employee drawing remuneration equal to or more than the
limits as prescribed under the provisions of Section 217(2A) of the Companies Act, 1956, read
with the Companies (Particulars of Employees) Rules, 1975.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies (Amendment) Act, 2000, the directors confirm
that:
(i) In the preparation of Balance Sheet and Statement of Pre-operative Expenses, the
applicable accounting standards have been followed along with proper explanation relating
to material departures.
(ii) The Directors have selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and fair
view of the state of affairs of the Company at the end of the financial year.
(iii) The Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956, for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities.
(iv) The Directors have prepared the Annual Accounts on a 'Going Concern Basis`.
AUDITORS
M/s. IVS & Assoaictes, Chartered Accountants, retire and being eligible have signified their
willingness for the re-appointment as auditors and furnished the required certificate under Section
224 (1B) of the Companies Act, 1956. The shareholders of the company are requested to appoint
M/s. IVS & ASSOCIATES, Chartered Accountants, as Auditor of the company. Your directors
recommend their reappointment.
253
NOTES ON ACCOUNTS
The Auditors' Report and Notes on Accounts are self-explanatory.
PERSONNEL AND INDUSTRIAL RELATIONS
The industrial relations have been quite good during the year. The Directors wish to place on
record their appreciation of the contribution of employees of the company at all levels.
ACKNOWLEDGEMENTS
The Directors place on record their sincere appreciation for the support and assistance received
from the Bankers and to the employees for the services rendered for the progress of the Company.
The Directors also thank government agencies for their support and shareholders for their faith in
the company.
PLACE : BANGALORE
DATE : July 2, 2008
By the order of the Board
Sd.. Sd..
Harish C Kamarthy D Prabhakar Reddy
Director Director
254
ANNEXURE TO THE DIRECTORS REPORT
THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS)
RULES, 1988:
CONSERVATION OF ENERGY
The Company uses electric energy for general lighting, air-conditioning, computer terminals and utilities in
the office premises. As an ongoing process measures are undertaken to conserve energy.
RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSORPTION
Since the Company is in the infrastructure sector, not many avenues are available for research &
development. In any case, the company is making all round efforts to conserve energy wherever possible.
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign Exchange Earnings: Rs. NIL
Foreign Exchange Outgo: Rs. NIL
By the order of the Board
Sd.. Sd..
Harish C Kamarthy D Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE : July 2, 2008
255
AUDITOR`S REPORT: -
TO THE MEMBERS OF
M/s. SILICON BUILDERS PRIVATE LIMITED
We have audited the attached Balance Sheet of M/s. SILICON BUILDERS PRIVATE LIMITED
as at 31st March 2008 and also the Profit & Loss account and Statement of Pre-operative Expenses
of the Company for the year ended on that date. These Financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these financial
statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements presentation. We believe that
our audit provides a reasonable basis for our opinion.
As required by the Companies (Auditor`s Report) Order, 2003 issued by the Company Law Board in
terms of Section 227(4A) of the Companies Act, 1956, we are enclosing the annexure statement on
the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the annexure referred to above, we state that:
(a) We have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the
Company, so far as appears from our examination of those books;
(c) The Balance Sheet, Profit & Loss Account and the Statement of Pre-operative Expenses
dealt with this report are in agreement with the books of account;
(d) In our opinion, the Balance sheet, Profit & Loss account and the Statement of Pre-operative
Expenses dealt with by this report comply with the Mandatory Accounting Standards referred to
in sub-section (3C) of Section 211 of the Companies Act, 1956.
(e) As per the information and explanations given to us, none of the Directors of the Company is
disqualified as on 31st March 2008 from being appointed as a Director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
(f) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the significant accounting
policies and notes thereon give the information required by the Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March 2008 and.
(ii) in the case of the Profit & Loss account and Statement of Pre-operative Expenses, of the
profit of the Company for the year ended on that date.
For IVS &ASSOCIATES,
Chartered Accountants
PLACE : Bangalore Sd.
DATE : 02.07.2008 IVS Suryanarayana Raju
Partner
Membership No. 218282
256
Annexure referred to in paragraph 1 of the Report of even date of the
Auditors to the Members of M/s. SILICON BUILDERS PRIVATE
LIMITED on the Accounts for the year ended 31
st
March, 2008
I. (a) The company has maintained proper records showing full particulars of
quantity details and situation of Fixed Assets.
(b) In our opinion and according to the information and explanations given to
us the Fixed Assets have been physically verified at reasonable intervals
and no discrepancies have been noticed on such verification.
(c ) No substantial part of Fixed Assets have been disposed off during the
year and has not affected the going concern.
II. Since the Company has not taken any loans, secured or unsecured to /
from Companies or other parties covered in the register maintained under
Section 301 of the Act, item (b), (c) and (d) of Paragraph 4 of the order
is not applicable.
III. In our opinion and according to the information and explanations given to
us, the Company has adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to purchase of Plant & Machinery, equipment and other assets.
IV. In our opinion and according to the information and explanations given
to us, no transactions of purchase of goods and materials and sale of
goods, materials and services have been made in pursuance of contract
of arrangements entered in the Register(s) maintained under section 301
of the Companies Act. Consequently item (b) of clause A of paragraph 4
(v) of the order is not applicable.
V. The Company has not accepted any deposits from the Public.
VI. In our opinion, the Company has a reasonable internal Audit system
commensurate with the size of the Company and nature of its business.
VII. The central Government has not prescribed for maintenance of any Cost
Records under section 209 (1)(d) of the Companies Act, 1956 for the
business carried on by the Company.
VIII. As per the information and explanation given to us, the Provident Fund,
Employees` State Insurance, Excise Duty and Service Tax provisions are not
applicable to the Company. As at the last day of the financial year, there
were no undisputed amounts payable in respect of Income Tax, Wealth Tax,
Sales Tax outstanding for a period of more than six months from the
date they become payable.
257
IX. Since the Company has not availed any loan, there was no default in
repayment of dues to any Financial Institution or Bank during the period
under Audit.
X. The Company has not granted any loans and advances on the basis of
security by way of pledge of Shares, Debentures and other securities.
XI. The Company has not been dealing or trading in Shares, Securities,
Debentures and other Investments.
XII. The Company has not given any guarantee to any Company and the terms
and conditions whereof are not prejudicial to the interest of the Company.
XIII. In our opinion and according to the information and explanations given to us,
the Company has not availed any Term Loan during this period.
XIV. The Company has not used any funds raised on short-term basis to long-
term investment and vice versa during the period of audit.
XV. The Company has not made any preferential allotment of shares to parties
and companies covered in the Register maintained under section 301 of
the Act during the period of Audit.
XVI. The Company has not issued any debentures and not created any
securities.
XVII. The Company has not raised any money by public issues.
XVIII. In our opinion and according to the information and explanations given to
us, the Company has not noticed or reported any fraud on or by the
Company during the period under audit.
PLACE : Bangalore For IVS & ASSOCIATES,
Chartered Accountants
Date : 02.07.2008 Sd.
IVS Suryanarayana Raju
Partner
Membership No. 218282
258
B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
P A R T I C U L A R S S C H A s a t A s a t
N o 3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A m o u n t i n R s . A m o u n t i n R s .
S O U R C L S O I I U N D S
S H A R H O L D L R S ' I U N D S
A u t h o r i z e d C a p i t a l
2 , 5 0 , 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h 2 S 0 , 0 0 0 , 0 0 0 J S 0 , 0 0 0 , 0 0 0
, 1 5 , 0 0 , 0 0 0 s h a r e s o R s 1 0 , - e a c h ,
S u b s c r i b e d & P a i d u p C a p i t a l
2 , 4 3 , 4 9 , 2 s h a r e s o R s . 1 0 , - e a c h 2 4 3 , 4 9 7 , 7 2 0 J 4 3 , 4 2 S , 0 0 0
, 1 , 4 3 , 4 2 , 5 0 0 s h a r e s o R s . 1 0 , - e a c h ,
S h a r e A p p l i c a t i o n M o n e y J 0 0 , 0 0 0 , 2 0 0 -
R e s e r v e s & S u r p l u s
S h a r e P r e m i u m J 9 2 , 7 2 7 , 0 8 0
T O T A L S 3 6 , 2 2 S , 0 0 0 J 4 3 , 4 2 S , 0 0 0
A P P L I C A T I O N O I I U N D S
I I X L D A S S L T S
L A N D 3 7 , 2 S 3 , 6 6 0 3 7 , 2 S 3 , 6 6 0
C A P I T A L W O R K I N P R O G R L S S
P r e - o p e r a t i e L x p e n s e s J J , 9 7 7 , 4 3 8 2 6 0 , J 9 S
C a p i t a l A d a n c e s - S , 0 9 2 , 0 0 0
3 9 , 2 3 J , 0 9 8 4 2 , 6 0 S , 8 S S
I N V L S T M L N T S 2 3 3 0 , S 4 9 , 7 S 0 J S 0 , 0 0 0 , 0 0 0
C U R R L N T A S S L T S , L O A N S & A D V A N C L S
L o a n s & A d a n c e s 3 S 7 , 0 7 0 , S 7 7 -
C a s h a n d b a n k B a l a n c e s 4 J 0 9 , 2 3 3 , 4 J 9 6 J 2 , 0 0 7
J 6 6 , 3 0 3 , 9 9 6 6 J 2 , 0 0 7
L L S S : C U R R L N T L I A B I L I T I L S A N D P R O V I S I O N S
1 r a d e A d a n c e r o m C u s o m e r s - S 0 , 0 0 0 , 0 0 0
P r o i s i o n s S 7 2 , 8 7 3 9 , 3 6 2
7 2 , 8 7 3 S 0 , 0 0 9 , 3 6 2
N L T C U R R L N T A S S L T S J 6 6 , 2 3 J , J 2 3 ( 4 9 , 3 9 7 , 3 S S )
M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u s t e d ,
a , P r e l i m i n a r y L x p e n s e s 6 J 7 3 , 2 0 0 2 J 6 , S 0 0
P & L A , c D e i c i t 3 9 , 8 2 9
T O T A L S 3 6 , 2 2 S , 0 0 0 J 4 3 , 4 2 S , 0 0 0
N O 1 L S 1 O A C C O U N 1 S
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e . - -
I o r I V S & A s s o c i a t e s
C h a r t e r e d A c c o u n t a n t s I o r a n d o n b e h a l f o f t h e B o a r d
S d . . S d . . S d . . S d . .
I V S S u r y n a r a y a n a R a j u l a r i G R l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 2 - J u l - 2 0 0 8
4
259
S c h e d u l e J S T A T L M L N T O I P R L - O P L R A T I V L L X P L N S L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
L X P L N S L S :
a . A u d i t l e e s 2 2 , 4 2 5 , 6 1 2
b . B a n k C h a r g e s 5 , 2 4 5 3 3 , 9 9
c . S a l a r i e s & \ a g e s 2 0 , 0 0 0 3 6 , 0 0 0
d P r i n t i n g & S t a t i o n e r y - 1 , 3 5 0
e S i t t i n g l e e 6 , 0 0 0 3 , 5 0
S o i l 1 e s t - 3 9 , 6 4 3
g 1 r a e l l i n g L x p e n s e s a n d C o n e y a n c e 2 , 5 0 0
h A d e r t i s e m e n t - -
i R a t e s & 1 a x e s 5 , 0 9 6 1 , 5 0 0
j R O C l e e s 1 , 2 4 8 , 1 1
k S t a m p D u t y o n A l l o t t m e n t 4 3 6 , 2 2 5
l P r e l i m i n a r y L x p e n s e s \ , o 4 3 , 3 0 0
m L - 1 D S U p l o a d l e e s 2 8
n S a l e s 1 a x R e n e w a l l e e s 2 , 5 0 0
J , 8 4 J , S 7 7 J 2 4 , 3 3 4
L e s s : p r o i s i o n o r t a x -
T O T A L J , 8 4 J , S 7 7
A d d : P r e v i o u s y e a r b a l a n c e J 3 S , 8 6 J J 3 S , 8 6 J
T r a n s f e r r e d t o C a p i t a l - W o r k - I n - P r o g r e s s J , 9 7 7 , 4 3 8 2 6 0 , J 9 S
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A s s o c i a t e s I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . . S d . . S d . . S d . .
I V S S u r y a n a r a y a n a R a j u l a r i G R l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e :
S H L D U L L T O B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
S c h e d u l e 2 : I N V L S T M L N T S :
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A R a g h u r a m C e m e n t s L i m i t e d 1 5 0 , 0 0 0 , 0 0 0 1 5 0 , 0 0 0 , 0 0 0
, L q u i t y s h a r e s o R s 1 0 e a c h ,
B I n d i r a 1 e l e i s i o n L i m i t e d 4 9 , 4 9 , 5 0 -
, L q u i t y s h a r e s o R s 1 0 e a c h ,
C I n s p i r e l o t e l s P r i a t e L i m i t e d 5 9 , 0 0 , 0 0 0 -
, L q u i t y s h a r e s o R s 1 0 e a c h ,
D S h a l o m I n r a s t r u c t u r e P t L t d 1 , 1 0 0 , 0 0 0 -
-
3 3 0 , S 4 9 , 7 S 0 J S 0 , 0 0 0 , 0 0 0
S c h e d u l e 3 : C U R R L N T A S S L T S , L O A N S & A D V A N C L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . L O A N S & A D V A N C L S
L o a n s & A d a n c e s 5 6 , 5 4 0 , 3 8 4
D e p o s i t s 3 0 , 1 9 3
1 r a d e D e p o s i t s 5 0 0 , 0 0 0
S 7 , 0 7 0 , S 7 7
2 . C A S H & B A N K B A L A N C L
a . C a s h i n h a n d 8 5 3 , 9 4 1 4 9 , 1 9 9
b . B a n k b a l a n c e i n c u r r e n t a c c o u n t
O r i e n t a l B a n k o C o m m e r c e 1 0 5 , 9 8 2 , 3 4 4 4 6 2 , 8 0 8
l i x e d D e p o s i t i n L i e n 2 , 3 9 , 1 0 1
J 0 9 , 2 3 3 , 4 J 9 6 J 2 , 0 0 7
S c h e d u l e S : P R O V I S I O N S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
a P r o i s i o n o r S i t t i n g l e e - 3 , 5 0
P r o i s i o n o r I n c o m e t a x 3 , 8 9 -
b A u d i t l e e s P a y a b l e 2 8 , 0 8 4 5 , 6 1 2
c p r o i s i o n o r e x p e n s e s , 0 0 0 -
7 2 , 8 7 3 9 , 3 6 2
S c h e d u l e 6 : M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u t e d ,
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P r i l i m i n a r y L x p e n s e s
a . O p e n i n g B a l a n c e 2 1 6 , 5 0 0 2 1 6 , 5 0 0
L e s s : \ r i t e o 4 3 , 3 0 0
J 7 3 , 2 0 0 2 J 6 , S 0 0
, L q u i t y s h a r e s o R s 1 0 e a c h a t a p r e m i u m o R s . 2 0
p e r s h a r e ,
2 - J u l - 2 0 0 8
S c h e d u l e J S T A T L M L N T O I P R L - O P L R A T I V L L X P L N S L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
L X P L N S L S :
a . A u d i t l e e s 2 2 , 4 2 5 , 6 1 2
b . B a n k C h a r g e s 5 , 2 4 5 3 3 , 9 9
c . S a l a r i e s & \ a g e s 2 0 , 0 0 0 3 6 , 0 0 0
d P r i n t i n g & S t a t i o n e r y - 1 , 3 5 0
e S i t t i n g l e e 6 , 0 0 0 3 , 5 0
S o i l 1 e s t - 3 9 , 6 4 3
g 1 r a e l l i n g L x p e n s e s a n d C o n e y a n c e 2 , 5 0 0
h A d e r t i s e m e n t - -
i R a t e s & 1 a x e s 5 , 0 9 6 1 , 5 0 0
j R O C l e e s 1 , 2 4 8 , 1 1
k S t a m p D u t y o n A l l o t t m e n t 4 3 6 , 2 2 5
l P r e l i m i n a r y L x p e n s e s \ , o 4 3 , 3 0 0
m L - 1 D S U p l o a d l e e s 2 8
n S a l e s 1 a x R e n e w a l l e e s 2 , 5 0 0
J , 8 4 J , S 7 7 J 2 4 , 3 3 4
L e s s : p r o i s i o n o r t a x -
T O T A L J , 8 4 J , S 7 7
A d d : P r e v i o u s y e a r b a l a n c e J 3 S , 8 6 J J 3 S , 8 6 J
T r a n s f e r r e d t o C a p i t a l - W o r k - I n - P r o g r e s s J , 9 7 7 , 4 3 8 2 6 0 , J 9 S
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A s s o c i a t e s I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . . S d . . S d . . S d . .
I V S S u r y a n a r a y a n a R a j u l a r i G R l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e :
S H L D U L L T O B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
S c h e d u l e 2 : I N V L S T M L N T S :
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A R a g h u r a m C e m e n t s L i m i t e d 1 5 0 , 0 0 0 , 0 0 0 1 5 0 , 0 0 0 , 0 0 0
, L q u i t y s h a r e s o R s 1 0 e a c h ,
B I n d i r a 1 e l e i s i o n L i m i t e d 4 9 , 4 9 , 5 0 -
, L q u i t y s h a r e s o R s 1 0 e a c h ,
C I n s p i r e l o t e l s P r i a t e L i m i t e d 5 9 , 0 0 , 0 0 0 -
, L q u i t y s h a r e s o R s 1 0 e a c h ,
D S h a l o m I n r a s t r u c t u r e P t L t d 1 , 1 0 0 , 0 0 0 -
-
3 3 0 , S 4 9 , 7 S 0 J S 0 , 0 0 0 , 0 0 0
S c h e d u l e 3 : C U R R L N T A S S L T S , L O A N S & A D V A N C L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . L O A N S & A D V A N C L S
L o a n s & A d a n c e s 5 6 , 5 4 0 , 3 8 4
D e p o s i t s 3 0 , 1 9 3
1 r a d e D e p o s i t s 5 0 0 , 0 0 0
S 7 , 0 7 0 , S 7 7
2 . C A S H & B A N K B A L A N C L
a . C a s h i n h a n d 8 5 3 , 9 4 1 4 9 , 1 9 9
b . B a n k b a l a n c e i n c u r r e n t a c c o u n t
O r i e n t a l B a n k o C o m m e r c e 1 0 5 , 9 8 2 , 3 4 4 4 6 2 , 8 0 8
l i x e d D e p o s i t i n L i e n 2 , 3 9 , 1 0 1
J 0 9 , 2 3 3 , 4 J 9 6 J 2 , 0 0 7
S c h e d u l e S : P R O V I S I O N S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
a P r o i s i o n o r S i t t i n g l e e - 3 , 5 0
P r o i s i o n o r I n c o m e t a x 3 , 8 9 -
b A u d i t l e e s P a y a b l e 2 8 , 0 8 4 5 , 6 1 2
c p r o i s i o n o r e x p e n s e s , 0 0 0 -
7 2 , 8 7 3 9 , 3 6 2
S c h e d u l e 6 : M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u t e d ,
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P r i l i m i n a r y L x p e n s e s
a . O p e n i n g B a l a n c e 2 1 6 , 5 0 0 2 1 6 , 5 0 0
L e s s : \ r i t e o 4 3 , 3 0 0
J 7 3 , 2 0 0 2 J 6 , S 0 0
, L q u i t y s h a r e s o R s 1 0 e a c h a t a p r e m i u m o R s . 2 0
p e r s h a r e ,
2 - J u l - 2 0 0 8
260
SIGNIFICANT ACCOUNTING POLICIES:
1.1. ACCOUNTING CONVENTION
The Company maintains its accounts on accrual basis. The Financial Statements are
prepared under the historical cost convention and materially comply with the
mandatory accounting standards and statements issued by The Institute of Chartered
Accountants of India. The significant accounting policies followed by the Company
are set out below:
1.2 FIXED ASSETS
No Fixed Assets are bought during the year.
1.3. PRELIMINARY EXPENSES
Preliminary Expenses are amortized over a period of Five years from the date of
commencement of commercial production / operations.
1.4. PRE-OPERATIVE EXPENSES
Expenses incurred during the period prior to commencement of commercial production not
directly attributable to any specific asset are shown under pre-operative expenses and are
carried forward to be apportioned to all fixed assets in proportion of their cost or treated as
deferred revenue expenditure as appropriate, on commencement of commercial
production/operations.
1.5. DEFERRED TAX
The company has not provided for deferred tax assets/liabilities during the year.
2. CONTINGENT LIABILITIES - NIL
Current Previous
Year Year
3. AUDIT FEES AND EXPENSES INCLUDE
Audit Fees 22,472 5,612
4. CAPACITY AND PRODUCTION
(a) Class of goods : INFRASTRUCTURE DEVELOPMENT
(b) Licensed Capacity : NIL
(c) Installed Capacity : NIL
(d) Actual Production : NIL
5. The Company has not paid remuneration to Directors of the Company.
6. Previous year`s figures have been reclassified / regrouped wherever
necessary to confirm to current year`s presentation
For IVS & ASSOCIATES
Chartered Accountants
Sd.. Sd.. Sd..
IVS Suryanarayana Raju Harish C Kamarthy D Prabhakar Reddy
Partner Director Director
Membership No 218282
PLACE: BANGALORE
DATE: July 2, 2008
261
S///can Ba//ders Pr/rate L/m/ted
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956
RELATING TO SUBSIDIARY COMPANY
1.
2.
3.
4.
5.
Name of the Subsidiary Company
Financial Year ended on
Shares of the subsidiary held by the Company on the
above date
(a) Number and Face Value
(b) Extent of Holding
The net aggregate of profit /losses of the subsidiary
for the above financial year so far as they concern
members of the Company (Rs)
(a) Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
(b) Not Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
The net aggregate of profit /losses of the subsidiary
for its previous financial year since it became a
subsidiary so far as they concern the members of the
Company
(a) Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
(b) Not Dealt within the accounts of the
Holding Company for the year ended on
March 31,2008
Shalom Infrastructure
Private Limited
31-03-2008
2,370,000 Equity Shares of
Rs. 10/- each
51.56%
NIL
NIL
NA
NA
PLACE: BANGALORE For and on behalf of the Board
DATE : 02/07/2008 Sd..
Harish C Kamarthy
Chairman
262
S///can Ba//ders Pr/rate L/m/ted
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956
RELATING TO SUBSIDIARY COMPANY
1.
2.
3.
4.
5.
Name of the Subsidiary Company
Financial Year ended on
Shares of the subsidiary held by the Company on the
above date
(a) Number and Face Value
(b) Extent of Holding
The net aggregate of profit /losses of the subsidiary
for the above financial year so far as they concern
members of the Company (Rs)
(a) Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
(b) Not Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
The net aggregate of profit /losses of the subsidiary
for its previous financial year since it became a
subsidiary so far as they concern the members of the
Company
(a) Dealt within the accounts of the Holding
Company for the year ended on March
31,2008
(b) Not Dealt within the accounts of the
Holding Company for the year ended on
March 31,2008
Inspire Hotels Private
Limited
31-03-2008
5,970,000 Equity Shares of
Rs. 10/- each
99.48%
NIL
NIL
NA
NA
PLACE: BANGALORE For and on behalf of the Board
DATE : 02/07/2008 Sd..
Harish C Kamarthy

263
264
265
266
267
268
269
270
271
272
273
274
275
Bhagarath Sann/dh/ Estates Pr/rate L/m/ted
56B/34, 1
st
Main, Vyalikaval, Lower Palace Orchards
BANGALORE ~ 560 003
NOTICE
NOTICE is hereby given that the THIRD Annual General Meeting of the Company will be
held at the Registered Office of the Company at 56A/34, 1
st
Main, Vyalikaval, Lower Palace
Orchards, Bangalore - 560 003, on FRIDAY, 29
th
AUGUST 2008, at 11.00 a. m. to
transact the following business:
ORDINARY BUSINESS
1. To consider and adopt the Audited Accounts of the Company as at 31
st
March
2008 together with the Auditor`s Report and Directors Report thereon.
2. To appoint a Director in place of Mr. Harish C Kamarthy, who retires by rotation at this
meeting and being eligible, offers himself for reappointment.
3. To appoint the Auditors of the Company for the year.
By the order of the Board
Sd. Sd.
Harish C Kamarthy D Prabhakar Reddy
Director Director
REGISTERED OFFICE
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
Dated : 4
th
August 2008
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS
ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Proxy, in order to be effective, must be deposited at the Registered Office of
the Company not less than 48 hours before the commencement of the Meeting.
3. Members are requested to bring their copies of the Annual Report for the
meeting.
276
4. All material documents are open for inspection on all working days at the
Registered Office of the Company till the conclusion of the meeting.
5. Shareholders seeking any information with regard to accounts are requested to
send their queries so as to reach at least 7 days before the meeting so as to enable the
management to keep the information ready.
6. Members/Proxies should bring the admission slip duly filled in for attending the
meeting.
7. Additional information relating item 2, 3 of the notice
Reappointment of Directors:
At the ensuing Annual General Meeting, Mr. Harish C Kamarthy retires by rotation and
being eligible offers himself for reappointment.
Mr. Harish C Kamarthy has done BE (Electronics & Communication) from Manipal
Institute of Technology. He has served as Chief Executive of Someswara Cements &
chemicals during 1991-1994. He was also Chief Executive & Director of M.G. Brothers
Ltd , Dealers for Telco , Ban Auto & Volvo India Ltd. during 1994- June 2001.
Effective in handling liaisoning and other related aspects. He has successfully
implemented and run hydel power project on Varahi Tail Race at Udupi, Karnataka with
a capacity of 22.5 MW.
He is on Board of the company since June 2001.
Re-appointment of Auditor:
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified
their willingness for the re-appointment as Auditors and furnished the required certificate
under Section 224 (1B) of the Companies Act, 1956. The shareholders of the company are
requested to appoint M/s IVS & Associates, Chartered Accountants, as Auditor of the
company.
BY THE ORDER OF THE BOARD
Sd. Sd.
Harish C Kamarthy D Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: 4
th
August 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
277
Bhagarath Sann/dh/ Estate Pr/rate L/m/ted
Directors' Report
TO THE SHAREHOLDERS
The Directors have pleasure in presenting the THIRD Annual Report to the Shareholders,
of the working of the Company, for the period ended 31st March 2008 along
with the copies of the Balance Sheet, Profit & Loss Account and the Statement of
Pre-operative Expenses as on the said date and the Auditor`s Report thereon.
OPERATIONS
Your Directors take pleasure in reporting that the construction work is in progress and will be
completed as per the schedule.
SHARE CAPITAL
During the year, the company has increased share capital by Rs 1.22 crores through the
allotment of 1,222,000 equity shares of Rs 10 each.
FIXED DEPOSITS
The company has not invited or accepted any fixed deposits during the year.
DIRECTORS
Mr. Harish C Kamarthy, Director of the company, retires by rotation at this meeting and being
eligible, offers himself for re-appointment.
CONSERVATION OF ENERGY, RESEARCH & DEVELOPMENT,
TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNIGS & OUTGO
The particulars as prescribed under Section 217 (1)(e) of the Companies Act, 1956, read
with the Companies (Disclosure of Particulars in the Report of Board of Directors)
Rules, 1988, are given in Annexure which forms part of the Directors` Report.
PARTICULARS OF EMPLOYEES
During the year, the company had no employee drawing remuneration equal to or more
than the limits prescribed under the provisions of Section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975.
DIRECTORS` RESPONSIBILITY STATEMENT
1. That in the preparation of the annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to material
departures.
278
2. That Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so
as to give a true and fair view of the state of affairs of the Company as at 31st
March 2008.
3. That the Directors have taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities.
4. That the Directors have prepared the annual accounts on a going concern
basis.
AUDITORS
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified
their willingness for the re-appointment as Auditors and furnished the required certificate
under Section 224 (1B) of the Companies Act, 1956. M/s IVS & Associates, Chartered
Accountants, would be appointed after their approval by the shareholders as Auditor of the
company.
NOTES TO ACCOUNTS
The supplementary information given in the form of Auditor`s Report and Notes to
Accounts is self-explanatory in nature and gives enough information about the events of
the company.
INDUSTRIAL RELATIONS
The industrial relations were cordial during the year. The Directors place on record their
appreciation for the contribution of employees of the company at all levels.
ACKNOWLEDGEMENT
Your Directors wish to place on record their deep sense of gratitude for the
support extended by State Government of Karnataka, Bangalore Corporation , other
Government Bodies, Staff, Shareholders and other stakeholders.
PLACE : BANGALORE By the order of the Board
DATE : 4
th
AUGUST 2008
Sd. Sd.
Harish C Kamarthy D Prabhakar Reddy
Director Director
279
ANNEXURE TO DIRECTORS' REPORT
ENERGY CONSERVATION AND TECHNOLOGY ABSORPTION
The Company has suitable system for monitoring the auxiliary consumption. During
the year ended 31
st
March 2008, the Company has not made any technology
absorption, hence information required as per Form B of Companies (Disclosure of
Particulars in the Report of Board of Directors ) Rules, 1988, is not applicable.
FOREIGN EXCHANGE
Inflow Outflow
Foreign exchange during the year NIL NIL
PLACE : BANGALORE By the order of the Board
DATE : 4
th
AUGUST 2008
Sd. Sd.
Harish C Kamarthy D Prabhakar Reddy
Director Director
280
AUDITOR`S REPORT: -
TO THE MEMBERS OF
M/s. BHAGAVATH SANNIDHI ESTATES PRIVATE LIMITED
We have audited the attached Balance Sheet of M/s. BHAGAVATH SANNIDHI ESTATES
PRIVATE LIMITED as at 31st March 2008 and also the Profit & Loss account and Statement of
Pre-operative Expenses of the Company for the year ended on that date. These Financial statements
are the responsibility of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements presentation. We believe that
our audit provides a reasonable basis for our opinion.
As required by the Companies (Auditor`s Report) Order, 2003 issued by the Company Law Board in
terms of Section 227(4A) of the Companies Act, 1956, we are enclosing the annexure statement on
the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the annexure referred to above, we state that:
(a) We have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the
Company, so far as appears from our examination of those books;
(c) The Balance Sheet, Profit & Loss Account and the Statement of Pre-operative Expenses
dealt with this report are in agreement with the books of account;
(d) In our opinion, the Balance sheet, Profit & Loss account and the Statement of Pre-operative
Expenses dealt with by this report comply with the Mandatory Accounting Standards referred to
in sub-section (3C) of Section 211 of the Companies Act, 1956.
(e) As per the information and explanations given to us, none of the Directors of the Company is
disqualified as on 31st March 2008 from being appointed as a Director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
(f) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the significant accounting
policies and notes thereon give the information required by the Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March 2008 and.
(ii) in the case of the Profit & Loss account and Statement of Pre-operative Expenses, of the
profit of the Company for the year ended on that date.
For IVS & ASSOCIATES,
Chartered Accountants
PLACE : Bangalore Sd.
DATE : 04.08.2008 IVS Suryanarayana Raju
Partner
Membership No. 218282
281
Annexure referred to in paragraph 1 of the Report of even date of the
Auditors to the Members of M/s. BHAGAVATH SANNIDHI ESTATES
PRIVATE LIMITED on the Accounts for the year ended 31
st
March,
2008
I. (a) The company has maintained proper records showing full particulars of
quantity details and situation of Fixed Assets.
(b) In our opinion and according to the information and explanations given to
us the Fixed Assets have been physically verified at reasonable intervals
and no discrepancies have been noticed on such verification.
(c ) No substantial part of Fixed Assets have been disposed off during the
year and has not affected the going concern.
II. Since the Company has not taken any loans, secured or unsecured to /
from Companies or other parties covered in the register maintained under
Section 301 of the Act, item (b), (c) and (d) of Paragraph 4 of the order
is not applicable.
III. In our opinion and according to the information and explanations given to
us, the Company has adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to purchase of Plant & Machinery, equipment and other assets.
IV. In our opinion and according to the information and explanations given
to us, no transactions of purchase of goods and materials and sale of
goods, materials and services have been made in pursuance of contract
of arrangements entered in the Register(s) maintained under section 301
of the Companies Act. Consequently item (b) of clause A of paragraph 4
(v) of the order is not applicable.
V. The Company has not accepted any deposits from the Public.
VI. In our opinion, the Company has a reasonable internal Audit system
commensurate with the size of the Company and nature of its business.
VII. The central Government has not prescribed for maintenance of any Cost
Records under section 209 (1)(d) of the Companies Act, 1956 for the
business carried on by the Company.
VIII. As per the information and explanation given to us, the Provident Fund,
Employees` State Insurance, Excise Duty and Service Tax provisions are not
applicable to the Company. As at the last day of the financial year, there
were no undisputed amounts payable in respect of Income Tax, Wealth Tax,
Sales Tax outstanding for a period of more than six months from the
date they become payable.
282
IX. Since the Company has not availed any loan, there was no default in
repayment of dues to any Financial Institution or Bank during the period
under Audit.
X. The Company has not granted any loans and advances on the basis of
security by way of pledge of Shares, Debentures and other securities.
XI. The Company has not been dealing or trading in Shares, Securities,
Debentures and other Investments.
XII. The Company has not given any guarantee to any Company and the terms
and conditions whereof are not prejudicial to the interest of the Company.
XIII. In our opinion and according to the information and explanations given to us,
the Company has not availed any Term Loan during this period.
XIV. The Company has not used any funds raised on short-term basis to long-
term investment and vice versa during the period of audit.
XV. The Company has not made any preferential allotment of shares to parties
and companies covered in the Register maintained under section 301 of
the Act during the period of Audit.
XVI. The Company has not issued any debentures and not created any
securities.
XVII. The Company has not raised any money by public issues.
XVIII. In our opinion and according to the information and explanations given to
us, the Company has not noticed or reported any fraud on or by the
Company during the period under audit.
PLACE : Bangalore For IVS & ASSOCIATES,
Chartered Accountants
Date : 04.08.2008 Sd.
IVS Suryanarayana Raju
Partner
Membership No. 218282
283
P A R T I C U L A R S S C H A s a t A s a t
N O 3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
S O U R C L S O I I U N D S
S H A R H O L D L R S ' I U N D S
A u t h o r i z e d C a p i t a l
5 0 , 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h S 0 , 0 0 0 , 0 0 0 3 0 , 0 0 0 , 0 0 0
, 3 0 , 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h ,
S u b s c r i b e d & P a i d u p C a p i t a l
3 3 , 1 2 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h 3 3 , J 2 0 , 0 0 0 2 0 , 9 0 0 , 0 0 0
, 2 0 , 9 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h ,
S h a r e A p p l i c a t i o n M o n e y 3 0 , 0 0 0 2 0 , 0 0 0
R e s e r v e s & S u r p l u s 4 S 8 , J 3 0 2 0 , 0 8 2
T O T A L 3 3 , 6 0 8 , J 3 0 2 0 , 9 4 0 , 0 8 2
A P P L I C A T I O N O I I U N D S
I I X L D A S S L T S
a . L a n d J 6 , S 0 6 , 7 6 0 J 6 , S 0 6 , 7 6 0
b . P r e - o p e r a t i e L x p e n s e s J J , 2 8 6 , 4 J J J , 0 J S , 3 3 9
c C a p i t a l \ o r k I n P r o g r e s s 2 3 , S J 9 , 3 S S 2 , 0 9 6 , 9 7 3
2 J , 3 J 2 , S 2 6 J 9 , 6 J 9 , 0 7 2
C U R R L N T A S S L T S , L O A N S & A D V A N C L S
C a s h & B a n k B a l a n c e s 3 J 2 , 3 3 J , 2 S 3 J , 7 S 2 , 8 4 0
A d a n c e s & D e p o s i t s 4 J 3 0 , S 9 J 6 , 7 9 4
J 2 , 4 6 J , 8 4 4 J , 7 S 9 , 6 3 4
L L S S : C U R R L N T L I A B I L I T I L S A N D
P R O V I S I O N S
C r e d i t o r s S J 0 0 , 0 0 0 S 2 6 , 3 0 S
P r o i s i o n s 6 2 9 2 , 0 4 0 J 3 8 , J J 9
3 9 2 , 0 4 0 6 6 4 , 4 2 4
N L T C U R R L N T A S S L T S J 2 , 0 6 9 , 8 0 4 J , 0 9 S , 2 J 0
M I S C L L L A N L O U S L X P L N D I T U R L 7
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u s t e d ,
a , P r e l i m i n a r y L x p e n s e s 2 2 S , 8 0 0 2 2 S , 8 0 0
N O T L S O N A C C O U N T S 8
T O T A L 3 3 , 6 0 8 , J 3 0 2 0 , 9 4 0 , 0 8 2
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r & o n b a h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . S d . S d . S d .
I V S S u r y a n a r a y a n a R a j u V P a d m a v a t h i H a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o . 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 4 t h A u g u s t 2 0 0 8
I o r I V S & A S S O C I A T L S
B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
284
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . I N D I R L C T I N C O M L S
I n t e r e s t r e c e i e d o n l i x e d D e p o s i t 6 3 3 , 9 3 5 3 0 , 2 2
6 3 3 , 9 3 S 3 0 , 2 7 2
2 . A D M I N I S T R A T I V L L X P L N S L S - -
- -
P r o i t b e o r e a m o r t a t i o n 6 3 3 , 9 3 S 3 0 , 2 7 2
L e s s : P r e l i m i n a r y e x p e n s e s w r i t t e n o - -
P r o i t b e o r e 1 a x 6 3 3 , 9 3 S 3 0 , 2 7 2
L e s s : P r o i s i o n o r I n c o m e t a x 1 9 5 , 8 8 1 0 , 1 9 0
A d d : B r o u g h t o r w a r d r o m p r e i o u s y e a r
T r a n s f e r r e d t o G e n e r a l R e s e r v e 4 3 8 , 0 4 8 2 0 , 0 8 2
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . S d . S d .
I V S S u r y a n a r a y a n a R a j u
P a r t n e r S e c r e t a r y D i r e c t o r
M e m b e r s h i p N o . 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 4 t h A u g u s t 2 0 0 8
P R O I I T & L O S S A C C O U N T I O R T H L Y L A R L N D L D 3 J S T M A R C H 2 0 0 8
D i r e c t o r
S d .
V P a d m a v a t h i H a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
285
S c h e d u l e 2 : C A P I T A L W O R K I N P R O G R L S S :
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . P R O J L C T
a . B e t t e r m e n t C h a r g e s 6 6 , 9 1 6 6 6 , 9 1 6
b . \ o r k i n P r o g r e s s 2 , 3 4 , 8 8 2 1 , 3 1 2 , 5 0 0
c . I n t e r e s t d u r i n g c o n s t r u c t i o n 1 1 6 , 5 5 1 1 6 , 5 5
3 , S J 9 , 3 S S 2 , 0 9 6 , 9 7 3
S c h e d u l e 3 C A S H A N D B A N K B A L A N C L
P A R T I C U L A R S A s o n A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . C U R R L N T A S S L T :
a . C a s h i n h a n d 8 , 6 1 3 1 , 6 2
b C a s h a t B a n k
i n C u r r e n t A , c w i t h O B C , B a n g a l o r e 9 5 , 8 1 8 2 2 , 6 0 0
i n l i x e d D e p o s i t , l i e n , w i t h O B C 1 1 , 5 2 6 , 8 2 2 1 , 5 2 3 , 4 8
J 2 , 3 3 J , 2 S 3 J , 7 S 2 , 8 4 0
S c h e d u l e 4 : A D V A N C L S & D L P O S I T S
P A R T I C U L A R S A s a t
A 1 a x D e d u c t e d a t S o u r c e b y O B C 1 3 0 , 5 9 1 6 , 9 4
J 3 0 , S 9 J 6 , 7 9 4
S c h e d u l e S : C R L D I T O R S
P A R T I C U L A R S A s o n A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A R S P A r c h i t e c t s P l a n n e r s & L n g i n e e r s , I n d i a , P L t d . - 3 2 6 , 3 0 5
B L M D D e p o s i t r o m c o n t r a c t o r s 1 0 0 , 0 0 0 2 0 0 , 0 0 0
J 0 0 , 0 0 0 S 2 6 , 3 0 S
S c h e d u l e 6 : P R O V I S I O N S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A P r o i s i o n o r S i t t i n g l e e - 3 , 5 0
B A u d i t l e e s P a y a b l e 3 9 , 3 0 8 1 6 , 8 3 6
C P r o i s i o n o r e x p e n s e s 2 , 2 2 0
D 1 D S P a y a b l e 5 , 9 4 3
L l e e & S t a m p D u t y P a y a b l e - 5 5 , 5 0 0
l S t a m p C h a r g e s o n A l l o t m e n t P a y a b l e - 2 0 , 9 0 0
G S a l a r y P a y a b l e 3 0 , 0 0 0 2 5 , 0 0 0
l P r o i s i o n o r I n c o m e 1 a x 1 9 5 , 5 1 2 1 0 , 1 9 0
2 9 2 , 0 4 0 J 3 8 , J J 9
S c h e d u l e 7 : M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u t e d , 3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P r e l i m i n a r y L x p e n s e s
a I n c o r p o r a t i o n L x p e n s e s 2 2 5 , 8 0 0 2 2 5 , 8 0 0
2 2 S , 8 0 0 2 2 S , 8 0 0
S l L D U L L 1 O B A L A N C L S l L L 1 A S A 1 3 1 S 1 M A R C l 2 0 0 8
286
S c h e d u l e J : S T A T L M L N T O I P R L O P L R A T I V L L X P L N S L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 7 3 J . 0 3 . 2 0 0 7
J . L M P L O Y L L S C O S T :
a . S a l a r i e s - 2 5 , 0 0 0 2 5 , 0 0 0
2 . A D M I N I S T R A T I V L L X P L N S L S :
a . B a n k C h a r g e s 1 5 , 6 3 5 2 6 , 0 8 6
b . A u d i t l e e 2 2 , 4 2 1 6 , 5 6 6
c . S i t t i n g l e e 6 , 0 0 0 3 , 5 0
d . R O C l e e 1 3 , 8 9 1 1 , 5 0 0
e . P r o e s s i o n a l & C o n s u l t a n c y - 5 0 3 , 3 1 2
g . R a t e s & t a x e s - 2 9 1 , 4 0 0
h P r i n t i n g & S t a t i o n e r y - 1 , 3 5 0
i l e e & S t a m p D u t y o n I n c r e a s e o S h a r e C a p i t a l - 5 5 , 5 0 0
j S t a m p D u t y o n A l l o t m e n t 3 1 , 0 2 0 2 0 , 9 0 0
l . O t h e r s 3 3 , 0 5 4
2 7 J , 0 7 2 9 4 S , 3 6 4
A d d : P r e i o u s y e a r b a l a n c e 1 , 0 1 5 , 3 3 9 6 9 , 9 5
T r a n s f e r r e d t o c a p i t a l w o r k i n p r o g r e s s J , 2 8 6 , 4 J J J , 0 J S , 3 3 9
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r & o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . S d . S d . S d .
I V S S u r y a n a r a y a n a R a j u V P a d m a v a t h i H a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o . 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 4 t h A u g u s t 2 0 0 8
I o r I V S & A S S O C I A T L S
287
SIGNIFICANT ACCOUNTING POLICIES:
1.1. ACCOUNTING CONVENTION
The Company maintains its accounts on accrual basis. The Financial Statements are
prepared under the historical cost convention and materially comply with the
mandatory accounting standards and guidelines issued by The Institute of Chartered
Accountants of India. The significant accounting policies followed by the Company
are set out below:
1.2. FIXED ASSETS
No Fixed Assets are bought during the year.
1.3. PRELIMINARY EXPENSES
Preliminary Expenses are amortized over a period of five years from the date of
commencement of commercial production / operations.
1.4. PRE-OPERATIVE EXPENSES
Expenses incurred during the period prior to commencement of commercial production not
directly attributable to any specific asset are shown under pre-operative expenses and are
carried forward to be apportioned to all fixed assets in proportion to their cost or treated as
deferred revenue expenditure as appropriate, on commencement of commercial production.
1.5. DEFERRED TAX
The company has not provided for deferred tax assets/liabilities during the year.
1.6. INTEREST INCOME
The interest received on Fixed Deposit with the Bank is credited to other income in Profit
& Loss Account.
2. CONTINGENT LIABILITIES - NIL
Current Previous
Year Year
3. AUDIT FEES AND EXPENSES INCLUDE 16,800 16,836
4. CAPACITY AND PRODUCTION
(a) Class of Goods : INFRASTRUCTURE DEVELOPMENT
(b) Licensed Capacity : NIL
(c) Installed Capacity : NIL
(d) Actual Production : NIL
5. The Company has not paid remuneration to the Managing Director & Directors
of the Company.
6. Previous year`s figures have been reclassified / regrouped wherever
necessary to confirm to current year`s presentation
For IVS & ASSOCIATES
Chartered Accountants
Sd. Sd. Sd.
IVS Suryanarayana Raju Harish C Kamarthy D Prabhakar Reddy
Partner Director Director
Membership No. 218282
PLACE: BANGALORE
DATE : 4
th
AUGUST 2008
288
Marre/ Infrastractare Pr/rate L/m/ted
56B/34, 1
st
Ma/n, Vya//kara/, Lawer Pa/ace Orchards
Banga/are- 560 003
-------------------------------------------------------------------------
Nat/ce
NOTICE is hereby given that the THIRD Annual General Meeting of the Company will be
held at the Registered Office of the Company at 56B/34, 1
st
Main, Vyalikaval, Lower Palace
Orchards, Bangalore-560003, on Thursday , 26
th
June 2008, at 11.00 a. m. to transact the
following business:
1. To consider and adopt the Audited Accounts of the Company as on 31
st
March 2008
together with the Auditor`s Report and Directors Report thereon.
2. To appoint Auditors of the Company for the year.
BY THE ORDER OF THE BOARD
Sd/- Sd/
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: 2
nd
June , 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS
ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Proxy, in order to be effective, must be deposited at the Registered Office of the
Company not less than 48 hours before the commencement of The Meeting.
3. Members are requested to intimate change in their address if any immediately to the
Company at its Registered Office quoting their folio numbers.
4. Members are requested to bring their copies of the Annual Report for the meeting.
289
5. All material documents are open for inspection on all working days at the Registered Office of
the Company till the conclusion of the meeting.
6. Shareholders seeking any information with regard to accounts are requested to send their
queries at least 7 days before the meeting so as to enable the management to keep the
information ready.
7. Members/Proxies should bring the admission slip duly filled in for attending the meeting.
8. Additional Information on item 2 of the notice:
Re-appointment of Auditor:
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified their
willingness for the re-appointment as Auditors and furnished the required certificate under Section
224 (1B) of the Companies Act, 1956. The shareholders of the company are requested to appoint
M/s IVS & Associates, Chartered Accountants, as Auditor of the company.
BY THE ORDER OF THE BOARD
Sd/- Sd/
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: 02
nd
June, 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
290
Marre/ Infrastractare Pr/rate L/m/ted
DIRECTORS` REPORT
To the Shareholders:
Your Directors take the opportunity to present the 3
rd
Annual Report of the company, for
the year ended 31st March 2008, along with the copies of Balance Sheet and Statement
of Pre-operative Expenses as on the said date.
OPERATIONS:
The company`s project has got delayed due to the prevalence of negative sentiment in the market
and the resultant lull in developmental activities in many sectors of the economy. Of course, India is
relatively insulated from the adverse fallout of the sub-prime crisis & other problems that have
affected the developed world and other emerging economies that matter. Taking this into account,
the company hopes to commence activities once the situation stabilizes.
SHARE CAPITAL:
During the year, your company has allotted 5,090,000 Equity Shares of Rs.10/- each at par to M/s.
Classic Realty Private Limited, the holding company.
FIXED DEPOSITS
The Company has not invited or accepted any fixed deposits during the period under report.
CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
The particulars as prescribed under sub-section (1)(e) of Section 217 of the Companies Act, 1956,
read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988,
are given in Annexure which forms part of the Directors` Report.
PARTICULARS OF EMPLOYEES:
During the year, the Company had no employee drawing remuneration equal to or more than the
limits as prescribed under the provisions of Section 217(2A) of the Companies Act, 1956, read with
the Companies (Particulars of Employees) Rules, 1975.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies (Amendment) Act, 2000, the directors confirm that:
291
(i) In the preparation of the Balance Sheet and Statement of Pre-operative Expenses, the
applicable accounting standards have been followed along with proper explanation relating to
material departures.
(ii) The Directors have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year.
(iii) The Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding
the assets of the Company and for preventing and detecting fraud and other irregularities.
(iv) The Directors have prepared the Annual Accounts on a 'Going Concern Basis`.
AUDITORS
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified their
willingness for the re-appointment as Auditors and furnished the required certificate under Section
224 (1B) of the Companies Act, 1956. M/s IVS & Associates, Chartered Accountants, would be
appointed after their approval by the shareholders as Auditor of the company.
NOTES ON ACCOUNTS
The Auditors' Report and Notes to Accounts are self-explanatory.
PERSONNEL AND INDUSTRIAL RELATIONS
The industrial relations have been cordial during the year. The Directors wish to place on record
their appreciation for the contribution of employees of the company at all levels.
ACKNOWLEDGEMENTS
The Directors place on record their sincere appreciation for the support and assistance received from
the Bankers and to the employees for the services rendered for the progress of the Company.
BY THE ORDER OF THE BOARD
Sd/- Sd/
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE : BANGALORE
DATE : June 2, 2008
292
A: ANNEXURE TO THE DIRECTORS REPORT
THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS)
RULES, 1988
CONSERVATION OF ENERGY
The Company uses electric energy for general lighting, air-conditioning, computer terminals and utilities in
the office premises. As an ongoing process measures are undertaken to conserve energy.
RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSORPTION
The Company basically being an infrastructure company, there is no much scope for research & development.
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign Exchange Earnings : Rs. NIL
Foreign Exchange Outgo : Rs. NIL
BY THE ORDER OF THE BOARD
Sd/- Sd/
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE : BANGALORE
DATE : June 2, 2008
293
AUDITOR`S REPORT: -
TO THE MEMBERS OF
M/s. MARVEL INFRASTRUCTURE PRIVATE LIMITED
We have audited the attached Balance Sheet of M/s. MARVEL INFRASTRUCTURE PRIVATE
LIMITED as at 31st March 2008 and also the Profit & Loss account and Statement of Pre-operative
Expenses of the Company for the year ended on that date. These Financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements presentation. We believe that
our audit provides a reasonable basis for our opinion.
As required by the Companies (Auditor`s Report) Order, 2003 issued by the Company Law Board in
terms of Section 227(4A) of the Companies Act, 1956, we are enclosing the annexure statement on
the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the annexure referred to above, we state that:
(a) We have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the
Company, so far as appears from our examination of those books;
(c) The Balance Sheet, Profit & Loss Account and the Statement of Pre-operative Expenses
dealt with this report are in agreement with the books of account;
(d) In our opinion, the Balance sheet, Profit & Loss account and the Statement of Pre-operative
Expenses dealt with by this report comply with the Mandatory Accounting Standards referred to
in sub-section (3C) of Section 211 of the Companies Act, 1956.
(e) As per the information and explanations given to us, none of the Directors of the Company is
disqualified as on 31st March 2008 from being appointed as a Director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
(f) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the significant accounting
policies and notes thereon give the information required by the Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March 2008 and.
(ii) in the case of the Profit & Loss account and Statement of Pre-operative Expenses, of the
profit of the Company for the year ended on that date.
For IVS & ASSOCIATES,
Chartered Accountants
PLACE : Bangalore Sd.
DATE : 02.06.2008 IVS Suryanarayana Raju
Partner
Membership No. 218282
294
Annexure referred to in paragraph 1 of the Report of even date of the
Auditors to the Members of M/s. MARVEL INFRASTRUCTURE
PRIVATE LIMITED on the Accounts for the year ended 31
st
March,
2008
I. (a) The company has maintained proper records showing full particulars of
quantity details and situation of Fixed Assets.
(b) In our opinion and according to the information and explanations given to
us the Fixed Assets have been physically verified at reasonable intervals
and no discrepancies have been noticed on such verification.
(c ) No substantial part of Fixed Assets have been disposed off during the
year and has not affected the going concern.
II. Since the Company has not taken any loans, secured or unsecured to /
from Companies or other parties covered in the register maintained under
Section 301 of the Act, item (b), (c) and (d) of Paragraph 4 of the order
is not applicable.
III. In our opinion and according to the information and explanations given to
us, the Company has adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to purchase of Plant & Machinery, equipment and other assets.
IV. In our opinion and according to the information and explanations given
to us, no transactions of purchase of goods and materials and sale of
goods, materials and services have been made in pursuance of contract
of arrangements entered in the Register(s) maintained under section 301
of the Companies Act. Consequently item (b) of clause A of paragraph 4
(v) of the order is not applicable.
V. The Company has not accepted any deposits from the Public.
VI. In our opinion, the Company has a reasonable internal Audit system
commensurate with the size of the Company and nature of its business.
VII. The central Government has not prescribed for maintenance of any Cost
Records under section 209 (1)(d) of the Companies Act, 1956 for the
business carried on by the Company.
VIII. As per the information and explanation given to us, the Provident Fund,
Employees` State Insurance, Excise Duty and Service Tax provisions are not
applicable to the Company. As at the last day of the financial year, there
were no undisputed amounts payable in respect of Income Tax, Wealth Tax,
Sales Tax outstanding for a period of more than six months from the
date they become payable.
295
IX. Since the Company has not availed any loan, there was no default in
repayment of dues to any Financial Institution or Bank during the period
under Audit.
X. The Company has not granted any loans and advances on the basis of
security by way of pledge of Shares, Debentures and other securities.
XI. The Company has not been dealing or trading in Shares, Securities,
Debentures and other Investments.
XII. The Company has not given any guarantee to any Company and the terms
and conditions whereof are not prejudicial to the interest of the Company.
XIII. In our opinion and according to the information and explanations given to us,
the Company has not availed any Term Loan during this period.
XIV. The Company has not used any funds raised on short-term basis to long-
term investment and vice versa during the period of audit.
XV. The Company has not made any preferential allotment of shares to parties
and companies covered in the Register maintained under section 301 of
the Act during the period of Audit.
XVI. The Company has not issued any debentures and not created any
securities.
XVII. The Company has not raised any money by public issues.
XVIII. In our opinion and according to the information and explanations given to
us, the Company has not noticed or reported any fraud on or by the
Company during the period under audit.
PLACE : Bangalore For IVS & ASSOCIATES,
Chartered Accountants
Date : 02.06.2008 Sd.
IVS Suryanarayana Raju
Partner
Membership No. 218282
296
P A R T I C U L A R S S C H A s a t A s a t
N o 3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A m o u n t i n R s . A m o u n t i n R s .
S O U R C L S O I I U N D S
S H A R H O L D L R S ' I U N D S
A u t h o r i z e d C a p i t a l
2 1 , 0 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h 2 J 0 , 0 0 0 , 0 0 0 J 6 0 , 0 0 0 , 0 0 0
, P r e i o u s y e a r 1 6 , 0 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h ,
S u b s c r i b e d & P a i d u p C a p i t a l
2 0 , 2 0 , 8 0 0 s h a r e s o R s . 1 0 , - e a c h 2 0 2 , 7 0 8 , 0 0 0 J S J , 8 0 8 , 0 0 0
, P r e i o u s y e a r 1 5 , 1 8 0 , 8 0 0 s h a r e s o R s . 1 0 , - e a c h ,
T O T A L 2 0 2 , 7 0 8 , 0 0 0 J S J , 8 0 8 , 0 0 0
A P P L I C A T I O N O I I U N D S
I I X L D A S S L T S
a C a p i t a l w o r k i n p r o g r e s s J J , S J 8 , S 6 3 8 9 , 6 S S
C U R R L N T A S S L T S , L O A N S & A D V A N C L S
L o a n s & A d a n c e s 3 2 0 0 , 7 4 S , 0 0 0 J S 9 , 0 3 7 , S 0 0
C a s h & B a n k B a l a n c e s 2 2 7 J , 3 8 3 7 J , 8 J 9
2 0 J , 0 J 6 , 3 8 3 J S 9 , J 0 9 , 3 J 9
L L S S : C U R R L N T L I A B I L I T I L S A N D
P R O V I S I O N S
1 r a d e A d a n c e r o m C u s t o m e r s - 7 , 6 0 0 , 0 0 0
P r o i s i o n s S S J , J 9 6 J S , 2 2 4
S J , J 9 6 7 , 6 J S , 2 2 4
N L T C U R R L N T A S S L T S 2 0 0 , 9 6 S , J 8 7 J S J , 4 9 4 , 0 9 S
M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u s t e d ,
a , P r e l i m i n a r y L x p e n s e s 6 2 2 4 , 2 S 0 2 2 4 , 2 S 0
N O 1 L S O N A C C O U N 1 S
T O T A L 2 0 2 , 7 0 8 , 0 0 0 J S J , 8 0 8 , 0 0 0
- -
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d / - S d / - S d / - S d / -
P l a c e : B a n g a l o r e
D a t e : 0 2 n d J u n e 2 0 0 8
B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
I . V . S . S u r y a n a r a y a n a R a j u P . P h a n e e n d r a l a r i s h C K a m a r t h y D . P r a b h a k a r R e d d y
P a r t n e r ( M . N o : 2 J 8 2 8 2 ) S e c r e t a r y D i r e c t o r D i r e c t o r
297
S C H L D U L L T O B A L A N C L S H L L T A S A T 3 J s t M A R C H 2 0 0 8
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
S c h e d u l e 2 : C A S H A N D B A N K B A L A N C L S :
a . C a s h i n h a n d 8 1 4 1 2 , 3 1 4
b . B a n k b a l a n c e i n c u r r e n t a c c o u n t
O r i e n t a l B a n k o C o m m e r c e 2 0 , 5 6 9 5 9 , 5 0 5
2 7 J , 3 8 3 7 J , 8 J 9
S c h e d u l e 3 : L O A N S A N D A D V A N C L S
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A A d a n c e r e c e i a b l e i n C a s h o r i n k i n d 2 0 0 , 4 5 , 0 0 0 1 5 9 , 0 3 , 5 0 0
2 0 0 , 7 4 S , 0 0 0 J S 9 , 0 3 7 , S 0 0
S c h e d u l e 4 : C U R R L N T L I A B I L I T I L S
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A 1 r a d e A d a n c e s - , 6 0 0 , 0 0 0
- 7 , 6 0 0 , 0 0 0
S c h e d u l e S : P R O V I S I O N S
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A 1 D S P a y a b l e 4 , 0 0 0
B A u d i t l e e s P a y a b l e 3 3 , 6 9 6 1 1 , 2 2 4
c P r o i s i o n o r L x p e n s e s 1 , 5 0 0
S J , J 9 6 J S , 2 2 4
S c h e d u l e 6 : M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u t e d ,
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P r i l i m i n a r y L x p e n s e s
a I n c o r p o r a t i o n L x p e n s e s 2 2 4 , 2 5 0 2 2 4 , 2 5 0
P r i n t i n g & S t a t i o n e r y
b P r e - o p e r a t i e L x p e n s e s -
2 2 4 , 2 S 0 2 2 4 , 2 S 0
298
S c h e d u l e J S T A T L M L N T O I P R L O P L R A T I V L L X P L N S L S
P A R T I C U L A R S A s o n A s o n
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . L M P L O Y L L S C O S T :
a . S a l a r i e s 2 1 , 0 0 0 3 6 , 0 0 0
2 . A D M I N I S T R A T I V L L X P L N S L S :
a A u d i t l e e 2 2 , 4 2 1 1 , 2 2 4
b S i t t i n g l e e 3 , 0 0 0 4 , 0 0 0
c R O C 1 , 1 6 2 , 3 4 0 -
d S t a m p D u t y o n A l l o t t m e n t 2 0 2 , 0 8 1 , 3 5 0
e B a n k c h a r g e s 2 , 6 6 4 1 1 , 6 4 5
O t h e r s 1 4 , 2 4
J , 4 2 8 , 9 0 8 6 4 , 2 J 9
A d d : P r e i o u s y e a r 8 9 , 6 5 5 2 5 , 4 3 6
T r a n s f e r r e d t o c a p i t a l w o r k i n p r o g r e s s J , S J 8 , S 6 3 8 9 , 6 S S
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S , I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d , - S d , - S d , - S d , -
P a r t n e r M N o : 2 J 8 2 8 2 S e c r e t a r y D i r e c t o r D i r e c t o r
P l a c e : B a n g a l o r e
D a t e : : 0 2 J u n e 2 0 0 8
S C H L D U L L T O B A L A N C L S H L L T A S A T 3 J s t M A R C H 2 0 0 8
I . V . S . S u r y a n a r a y a n a R a j u P . P h a n e e n d r a l a r i s h C K a m a r t h y D . P r a b h a k a r R e d d y
299
SIGNIFICANT ACCOUNTING POLICIES:
1.1. ACCOUNTING CONVENTION
The Company maintains its accounts on an accrual basis. The Financial Statements are
prepared under the historical cost convention and materially comply with the mandatory
accounting standards and statements issued by The Institute of Chartered Accountants of
India. The significant accounting policies followed by the Company are set out below.
1.2 FIXED ASSETS
No Fixed Assets are bought in this year and Depreciation not provided for.
1.3. PRELIMINARY EXPENSES
Preliminary Expenses are amortized over a period of Five years from the date of
commencement of commercial production / operations.
1.4. PRE-OPERATIVE EXPENSES
Expenses incurred in the period prior to commencement of commercial production not directly
attributable to any specific asset are shown under pre-operative expenses and are carried forward
to be apportioned to all fixed assets in proportion of their cost or treated as deferred revenue
expenditure as appropriate, on commencement of commercial production.
1.5. DEFERRED TAX
The company has not provided for deferred tax assets/liabilities during the year.
2. CONTINGENT LIABILITIES - NIL
Current Previous
Year Year
3. AUDIT FEES AND EXPENSES INCLUDE 22,472 11,224
4. CAPACITY AND PRODUCTION
(a) Class of goods : INFRASTRUCTURE DEVELOPMENT
(b) Licensed Capacity : NIL
(c) Installed Capacity : NIL
(d) Actual Production : NIL
5. The Company has not paid remuneration to Directors of the Company.
6. Previous year`s figures have been reclassified / regrouped wherever necessary
to confirm to current year`s presentation
For IVS & ASSOCIATES
Chartered Accountants
Sd/- Sd/- Sd/-
I.V.S. Suryanarayana Raju Harish C Kamarthy D. Prabhakar Reddy
Partner(M.No: 218282) Director Director
PLACE : BANGALORE
DATE : June 2, 2008
300
6 66 6 + $ / 2 0 , 1 ) 5 $ 6 7 5 8 & 7 8 5 ( 3 9 7 + $ / 2 0 , 1 ) 5 $ 6 7 5 8 & 7 8 5 ( 3 9 7 + $ / 2 0 , 1 ) 5 $ 6 7 5 8 & 7 8 5 ( 3 9 7 + $ / 2 0 , 1 ) 5 $ 6 7 5 8 & 7 8 5 ( 3 9 7 / / / / 7 ' 7 ' 7 ' 7 '
7 2
$ / / 7 + ( 0 ( 0 % ( 5 6 2 ) 7 + ( & 2 0 3 $ 1 <
NOTICE is hereby given that the SECOND Annual General Meeting of the Company will
be held at the Registered Office of the Company at No. 56B/34, 1
st
Main, Vyalikaval, Lower
Palace Orchards, Bangalore-560003, on WEDNESDAY, 28
th
May 2008, at 10.30 a. m. to
transact the following business.
1. To consider and adopt the Audited Accounts of the Company as at 31
st
March 2008
together with the Auditor`s Report and Directors` Report thereon.
2. To appoint the Auditors of the Company for the year.
REGISTERED OFFICE By the order of the Board
56B/34, 1
st
Main, Vyalikaval Sd.. Sd..
Lower Palace Orchards Harish C Kamarthy D Prabhakar Reddy
Bangalore-560003 Director Director
Date : 3
rd
May 2008
Note : Any member entitled to attend and vote at the meeting, may appoint any person ,
whether a member or not, as his / her proxy to attend and vote at the meeting. Such
proxy need not be a member of the Company. Proxies, in order to be effective, must be
received by the Company not less than 48 hours before the meeting.

ORDINARY BUSINESS
301
TO THE SHAREHOLDERS OF SHALOMINFRASTRUCTURE
PVT. LTD.:
The Directors have pleasure in presenting the SECOND Annual Report to the
Shareholders, of the working of the Company, for the period ended 31st MARCH
2008 along with Balance Sheet and Statement of Pre-Operative Expenses as on the said date
and the Auditor`s Report thereon for consideration and approval of the Shareholders.
PERFORMANCE
In view of the slump witnessed across the segments of the economy caused by the global credit
crisis and the perceived fall in the real estate industry, the company has adopted a cautious wait-
and-watch approach with regard to utilization of the resources at its disposal. The company is
keeping a tab on market conditions and will explore options after studying the situation.
ISSUE OF SHARES
The company has issued 2,370,000 equity shares to M/s Silicon Builders Pvt. Ltd. which works out to
51.56% of total share holding. Your company, therefore, becomes subsidiary company of M/s Silicon
Builders Pvt. Ltd.
FIXED DEPOSITS
The Company has not invited or accepted any fixed deposits during the period under report.
FINANCIAL COMMITMENTS:
There are no material changes in the financial commitments of the Company since the date of
Balance Sheet to the date of this report.
DIRECTORS` RESPONSIBILITY STATEMENT
1. That in the preparation of annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures.
2. That the Directors have selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and fair view of
the state of affairs of the company as at March 31
st
2008.
REPORT OF THE DIRECTORS
302
3. That the Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for the company and for
preventing and detecting fraud and other irregularities.
4. That the Directors have prepared the annual accounts on a going concern basis.
PERSONNEL
During the year, the Company had no employee drawing remuneration equal to or more than the
limits prescribed under Section 217(2A) of the Companies Act, 1956, read with the Companies
(Particulars of Employees) Rules, 1975.
ACKNOWLEDGEMENT
Your Directors wish to place on record their deep sense of gratitude for the assistance
extended by State Government, other Government Bodies, staff, shareholders and other
stakeholders.
PLACE : BANGALORE For and on behalf of the Board
DATE : 03/05/2008 Sd.. Sd..
Harish C Kamarthy D Rrabhakar Reddy
Director Director
303
ANNEXURE TO THE DIRECTORS REPORT
THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS)
RULES, 1988
CONSERVATION OF ENERGY
The company uses electricity for general lighting, air-conditioning, computer terminals and utilities
in the office premises. As an ongoing process, measures are undertaken to conserve energy.
RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSORPTION
The company, being in the infrastructure sector, does not have much scope for Research &
Development. However, efforts are being made to conserve energy wherever possible.
FOREIGN EXCHANGE EARNINGS & OUTGO
Foreign Exchange Earnings - NIL
Foreign Exchange Outgo - NIL
PLACE : BANGALORE For and on behalf of the Board
DATE : 03/05/2008 Sd.. Sd..
Harish C Kamarthy D Prabhakar Reddy
Director Director
304
AUDITOR`S REPORT: -
TO THE MEMBERS OF
M/s. SHALOM INFRASTRUCTURE PRIVATE LIMITED
We have audited the attached Balance Sheet of M/s. SHALOM INFRASTRUCTURE PRIVATE
LIMITED as at 31st March 2008 and also the Profit & Loss account and Statement of Pre-operative
Expenses of the Company for the year ended on that date. These Financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements presentation. We believe that
our audit provides a reasonable basis for our opinion.
As required by the Companies (Auditor`s Report) Order, 2003 issued by the Company Law Board in
terms of Section 227(4A) of the Companies Act, 1956, we are enclosing the annexure statement on
the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the annexure referred to above, we state that:
(a) We have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the
Company, so far as appears from our examination of those books;
(c) The Balance Sheet, Profit & Loss Account and the Statement of Pre-operative Expenses
dealt with this report are in agreement with the books of account;
(d) In our opinion, the Balance sheet, Profit & Loss account and the Statement of Pre-operative
Expenses dealt with by this report comply with the Mandatory Accounting Standards referred to
in sub-section (3C) of Section 211 of the Companies Act, 1956.
(e) As per the information and explanations given to us, none of the Directors of the Company is
disqualified as on 31st March 2008 from being appointed as a Director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
(f) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the significant accounting
policies and notes thereon give the information required by the Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March 2008 and.
(ii) in the case of the Profit & Loss account and Statement of Pre-operative Expenses, of the
profit of the Company for the year ended on that date.
For IVS & ASSOCIATES,
Chartered Accountants
PLACE : Bangalore Sd.
DATE : 03.05.2008 IVS Suryanarayana Raju
Partner
Membership No. 218282
305
Annexure referred to in paragraph 1 of the Report of even date of the
Auditors to the Members of M/s. SHALOM INFRASTRUCTURE
PRIVATE LIMITED on the Accounts for the year ended 31
st
March,
2008
I. (a) The company has maintained proper records showing full particulars of
quantity details and situation of Fixed Assets.
(b) In our opinion and according to the information and explanations given to
us the Fixed Assets have been physically verified at reasonable intervals
and no discrepancies have been noticed on such verification.
(c ) No substantial part of Fixed Assets have been disposed off during the
year and has not affected the going concern.
II. Since the Company has not taken any loans, secured or unsecured to /
from Companies or other parties covered in the register maintained under
Section 301 of the Act, item (b), (c) and (d) of Paragraph 4 of the order
is not applicable.
III. In our opinion and according to the information and explanations given to
us, the Company has adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to purchase of Plant & Machinery, equipment and other assets.
IV. In our opinion and according to the information and explanations given
to us, no transactions of purchase of goods and materials and sale of
goods, materials and services have been made in pursuance of contract
of arrangements entered in the Register(s) maintained under section 301
of the Companies Act. Consequently item (b) of clause A of paragraph 4
(v) of the order is not applicable.
V. The Company has not accepted any deposits from the Public.
VI. In our opinion, the Company has a reasonable internal Audit system
commensurate with the size of the Company and nature of its business.
VII. The central Government has not prescribed for maintenance of any Cost
Records under section 209 (1)(d) of the Companies Act, 1956 for the
business carried on by the Company.
VIII. As per the information and explanation given to us, the Provident Fund,
Employees` State Insurance, Excise Duty and Service Tax provisions are not
applicable to the Company. As at the last day of the financial year, there
were no undisputed amounts payable in respect of Income Tax, Wealth Tax,
Sales Tax outstanding for a period of more than six months from the
date they become payable.
306
IX. Since the Company has not availed any loan, there was no default in
repayment of dues to any Financial Institution or Bank during the period
under Audit.
X. The Company has not granted any loans and advances on the basis of
security by way of pledge of Shares, Debentures and other securities.
XI. The Company has not been dealing or trading in Shares, Securities,
Debentures and other Investments.
XII. The Company has not given any guarantee to any Company and the terms
and conditions whereof are not prejudicial to the interest of the Company.
XIII. In our opinion and according to the information and explanations given to us,
the Company has not availed any Term Loan during this period.
XIV. The Company has not used any funds raised on short-term basis to long-
term investment and vice versa during the period of audit.
XV. The Company has not made any preferential allotment of shares to parties
and companies covered in the Register maintained under section 301 of
the Act during the period of Audit.
XVI. The Company has not issued any debentures and not created any
securities.
XVII. The Company has not raised any money by public issues.
XVIII. In our opinion and according to the information and explanations given to
us, the Company has not noticed or reported any fraud on or by the
Company during the period under audit.
PLACE : Bangalore For IVS & ASSOCIATES,
Chartered Accountants
Date : 03.05.2008 Sd.
IVS Suryanarayana Raju
Partner
Membership No. 218282
307
B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
P A R T I C U L A R S S C H A s a t A s a t
N O 3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A m o u n t i n R s . A m o u n t i n R s .
S O U R C L S O I I U N D S
S H A R H O L D L R S ' I U N D S
A u t h o r i z e d C a p i t a l
5 0 , 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h S 0 , 0 0 0 , 0 0 0 2 0 , 0 0 0 , 0 0 0
S u b s c r i b e d & P a i d u p C a p i t a l
4 S , 9 6 4 , 9 6 0 J 6 , 0 0 0 , 0 0 0
S h a r e A p p l i c a t i o n M o n e y J 2 0 J 3 0 , 0 0 0
R e s e r v e s & S u r p l u s J 9 J , 7 2 9 , 9 2 0 3 J , 8 0 0 , 0 0 0
T O T A L J 3 7 , 6 9 S , 0 0 0 4 7 , 9 3 0 , 0 0 0
A P P L I C A T I O N O I I U N D S
I I X L D A S S L T S
C A P I T A L W O R K I N P R O G R L S S :
a L a n d J 4 2 , 0 9 7 , 4 4 6 J 4 2 , 0 9 7 , 4 4 6
b B u i l d i n g 2 , 0 4 0 , 6 J 4 2 , 0 4 0 , 6 J 4
c P r e - o p e r a t i e L x p e n s e s 2 6 , 8 J J , 6 S S 3 , S 8 0 , 2 7 8
J S 0 , 9 4 9 , 7 J S J 4 7 , 7 J 8 , 3 3 8
C U R R L N T A S S L T S , L O A N S & A D V A N C L S
a C a s h & B a n k B a l a n c e s 3 7 , S 3 0 , 4 2 9 J , 3 7 S , 2 J 4
b L o a n s & A d a n c e s 4 8 2 , S 0 7 , 7 J 2
9 0 , 0 3 8 , J 4 J J , 3 7 S , 2 J 4
L L S S : C U R R L N T L I A B I L I T I L S A N D
P R O V I S I O N S
a C u r r e n t L i a b i l i t i e s J 0 2 , S 4 7 , S 9 2 9 8 , 0 0 0 , 0 0 0
b P r o i s i o n s S 4 , 0 3 S , 9 S 2 3 , 3 8 J , 7 S 2
J 0 6 , S 8 3 , S 4 4 J 0 J , 3 8 J , 7 S 2
N L T C U R R L N T A S S L T S ( J 6 , S 4 S , 4 0 3 ) ( J 0 0 , 0 0 6 , S 3 8 )
M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u s t e d ,
a , P r e l i m i n a r y L x p e n s e s 6 J 7 4 , S 6 0 2 J 8 , 2 0 0
P r o i t & L o s s A c c o u n t 3 , J J 6 , J 2 8
N O 1 L S O N A C C O U N 1 S
T O T A L J 3 7 , 6 9 S , 0 0 0 4 7 , 9 3 0 , 0 0 0
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e - -
I o r I V S & A S S O C I A T L S , I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . . S d . . S d . S d . .
I V S S u r y n a r a y a n a R a j u V P a d m a a t h i l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 3 - M a y - 2 0 0 8
308
P R O I I T & L O S S A C C O U N T I O R T H L Y L A R L N D L D 3 J S T M A R C H 2 0 0 8
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
, A m o u n t i n R s , , , A m o u n t i n R s , ,
J . I N D I R L C T I N C O M L S
a . I n t e r e s t r e c e i e d o n l i x e d D e p o s i t 5 6 1 , 2 6 2 -
S 6 J , 2 6 2 -
2 . A D M I N I S T R A T I V L L X P L N S L S : - -
P r e l i m i n a r y L x p e n s e s - -
a A u d i t l e e 2 2 , 4 2
b S i t t i n g l e e 6 , 0 0 0
c s a l a r y 2 5 , 0 0 0
c I n t e r e s t o n L o a n -
d B a n k C h a r g e s -
e P r i n t i n g & S t a t i o n e r y -
S 3 , 4 7 2 -
P r o i t b e o r e a m o r t a t i o n S 0 7 , 7 9 0 -
L e s s : P r e l i m i n e r y e x p e n s e s w r i t t e n o 4 3 , 6 4 0 -
P r o i t b e o r e 1 a x 4 6 4 , J S 0 -
L e s s : P r o i s i o n o r I n c o m e t a x
A d d : B r o u g h t o r w a r d r o m p r e i o u s y e a r ( 3 , S 8 0 , 2 7 8 )
T r a n s f e r r e d t o G e n e r a l R e s e r v e ( 3 , J J 6 , J 2 8 ) -
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S , I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . . S d . . S d . S d . .
I V S S u r y a n a r a y a n a R a j u V P a d m a a t h i l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 3 - M a y - 2 0 0 8
309
S C H L D U L L T O B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
S c h e d u l e J : R L S L R V L S & S U R P L U S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
a S h a r e P r e m i u m A c c o u n t 9 1 , 2 9 , 9 2 0 3 1 , 8 0 0 , 0 0 0
-
9 J , 7 2 9 , 9 2 0 3 J , 8 0 0 , 0 0 0
S c h e d u l e 3 C A S H A N D B A N K B A L A N C L
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
J . C U R R L N T A S S L T :
a . C a s h i n h a n d 5 , 9 8 8 , 2 6 , 8 0 0
b . B a n k b a l a n c e i n c u r r e n t a c c o u n t
O r i e n t a l B a n k o C o m m e r c e 8 2 1 , 8 0 2 1 4 , 8 9 1
l i x e d D e p o s i t - O B C 1 9 , 9 0 0 6 5 3 , 5 2 3
7 , S 3 0 , 4 2 9 J , 3 7 S , 2 J 4
S c h e d u l e 4 : L O A N S & A D V A N C L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
a C a p i t a l A d a n c e s 8 2 , J 7 J , 4 8 7 -
b D e p o s i t s
l M \ S S B - D e p o s i t s 2 2 0 , 1 0 0
S a l e s 1 a x D e p o s i t s 5 , 0 0 0
1 D S r e c i e a b l e s 1 1 1 , 1 2 5
8 2 , S 0 7 , 7 J 2 -
S c h e d u l e S : C U R R L N T L I A B I L I T I L S & P R O V I S I O N S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
a P r o i s i o n o r S i t t i n g l e e - 3 , 0 0 0
b A u d i t l e e s P a y a b l e 3 3 , 6 9 6 1 1 , 2 2 4
c s a l a r y p a y a b l e 2 5 , 0 0 0
d I n t e r s t P a y a b l e 2 , 5 3 , 1 1 5 2 , 5 3 , 1 1 5
e 1 D S P a y a b l e 1 , 3 3 2 , 4 0 8 9 4 , 4 1 3
f P r o i s i o n o r L x p e n s e s 1 , 3 3 -
4 , 0 3 S , 9 S 2 3 , 3 8 J , 7 S 2
S c h e d u l e 6 : M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u t e d ,
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
P r i l i m i n a r y L x p e n s e s
a I n c o r p o r a t i o n L x p e n s e s
b R O C e e 2 0 8 , 0 0 0 2 0 8 , 0 0 0
c S t a m p D u t y & o t h e r s 1 0 , 2 0 0 1 0 , 2 0 0
L e s s : \ r i t e o 4 3 , 6 4 0
J 7 4 , S 6 0 2 J 8 , 2 0 0
S c h e d u l e 2 S T A T L M L N T O I P R L O P L R A T I V L L X P L N S L S
P A R T I C U L A R S A s a t A s a t
3 J . 0 3 . 2 0 0 8 3 J . 0 3 . 2 0 0 7
A m o u n t
a . S a l a r i e s - -
a A u d i t l e e - 1 1 , 2 2 4
b S i t t i n g l e e - 3 , 0 0 0
c I n t e r e s t o n L o a n 5 , 8 8 0 , 0 0 0 3 , 5 4 0 , 1 6 4
d B a n k C h a r g e s 5 0 , 5 4 2 4 , 5 4 0
e P r i n t i n g & S t a t i o n e r y - 1 , 3 5 0
f R a t e s & 1 a x e s 1 4 8 , 2 2 8 -
g I n s u r a n c e L x p e n s e s 4 1 9 , 1 9 9 -
h I n t e r e s t o n 1 D S , 9 4 4 -
i L , c C h a r g e s 1 4 , 1 3 -
j R O C C h a r g e s 1 8 3 , 2 9 1 -
k S t a m p D u t y 1 0 , 3 3 -
6 , 8 J J , 6 S S 3 , S 8 0 , 2 7 8
B r o u g h t o r w a r d r o m p r e i o u s y e a r
1 r a n s e r r e d t o c a p i t a l w o r k i n p r o g r e s s 6 , 8 J J , 6 S S 3 , S 8 0 , 2 7 8
N o t e s t o a c c o u n t s r o m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e .
I o r I V S & A S S O C I A T L S , f o r & o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d . S d . . S d . S d . .
I V S S u r y a n a r a y a n a R a j u V P a d m a a t h i l a r i s h C K a m a r t h y D P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M e m b e r s h i p N o 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 3 - M a y - 2 0 0 8
310
1. SIGNIFICANT ACCOUNTING POLICIES
1.1. ACCOUNTING CONVENTION
The Company maintains its accounts on an accrual basis. The Financial Statements are
prepared under the historical cost convention and materially comply with the mandatory
accounting standards and statements issued by The Institute of Chartered Accountants of
India. The significant accounting policies followed by the Company are set out below.
1.2. FIXED ASSETS
The company has not yet provided for depreciation. Once assets are put to use, they will be
depreciated as per Companies Act, 1956.
1.3. PRELIMINARY EXPENSES
Preliminary Expenses are amortized over a period of five years from the date of their
accrual.
1.4. DEFERRED TAX :
The Company is regularly providing for Deferred Tax Asset / Liabilities.
2. CONTINGENT LIABILITIES NIL
3. CAPACITY AND PRODUCTION
(a) Classes of goods : Infrastructure Development
(b) Licensed Capacity : NA
(c) Installed Capacity : NA
(d) Actual Production : NA
4. Previous year`s figures have been reclassified / regrouped wherever necessary to
confirm to current year`s presentation
For IVS & ASSOCIATES
Chartered Accountants
Sd.. Sd.. Sd..
IVS Suryanarayana Raju Harish C Kamarthy D Prabhakar Reddy
Partner Director Director
Membership No. 218282
PLACE : BANGALORE
DATE : 3
rd
May 2008
311
Capstane Infrastractare Pr/rate L/m/ted
56B/34, 1
st
Main, Vyalikaval, Lower Palace Orchards
BANGALORE ~ 560 003
NOTICE
NOTICE is hereby given that the FIRST Annual General Meeting of the Company will be
held at the Registered Office of the Company at 56B/34, 1
st
Main, Vyalikaval, Lower Palace
Orchards, Bangalore - 560 003, on TUESDAY, 29
th
JULY 2008, at 11.00 a. m. to transact
the following business:
ORDINARY BUSINESS
1. To consider and adopt the Audited Accounts of the Company as at 31
st
March
2008 together with the Auditor`s Report and Directors Report thereon.
2. To appoint the Auditors of the Company for the year.
By the order of the Board
Sd/- Sd/-
Harish C Kamarthy D. Prabhakar Reddy
Director Director
REGISTERED OFFICE
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
Dated : 3
rd
July 2008
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS
ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Proxy, in order to be effective, must be deposited at the Registered Office of
the Company not less than 48 hours before the commencement of the Meeting.
312
3. Members are requested to bring their copies of the Annual Report for the
meeting.
4. All material documents are open for inspection on all working days at the
Registered Office of the Company till the conclusion of the meeting.
5. Shareholders seeking any information with regard to accounts are requested to
send their queries so as to reach at least 7 days before the meeting so as to enable the
management to keep the information ready.
6. Members/Proxies should bring the admission slip duly filled in for attending the
meeting.
7. Additional information relating item 2, 3 of the notice
Reappointment of Directors:
At the ensuing Annual General Meeting, Mr. Harish C Kamarthy retires by rotation and
being eligible offers himself for reappointment.
Re-appointment of Auditor:
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified
their willingness for the re-appointment as Auditors and furnished the required certificate
under Section 224 (1B) of the Companies Act, 1956. The shareholders of the company are
requested to appoint M/s IVS & Associates, Chartered Accountants, as Auditor of the
company.
BY THE ORDER OF THE BOARD
Sd/- Sd/-
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE: BANGALORE
DATE: 3
rd
July 2008
REGISTERED OFFICE:
56B/34, 1
st
Main, Vyalikaval
Lower Palace Orchards
Bangalore-560003
313
Capstane Infrastractare Pr/rate L/m/ted
Directors' Report
TO THE SHAREHOLDERS
The Directors have pleasure in presenting the FIRST Annual Report to the Shareholders, of
the working of the Company, for the period ended 31st March 2008 along with
the copies of Balance Sheet and Statement of Pre-operative Expenses as on the said date
and the Auditor`s Report thereon.
OPERATIONS
The company has not yet started commercial production hence Profit & Loss Account is not
prepared. Expenses incurred have been booked under Pre-operative Expenses and have been
capitalized.
SHARE CAPITAL
During the period under review, M/s Classic Realty Private Ltd. has subscribed to
4,420,000 equity shares of the company amounting to 99.55% of the total paid-up capital
of the company. Hence your company has become subsidiary of M/s Classic Realty Private
Ltd.
FIXED DEPOSITS
The company has not invited or accepted any fixed deposits during the year.
CONSERVATION OF ENERGY, RESEARCH & DEVELOPMENT,
TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNIGS & OUTGO
The particulars as prescribed under Section 217 (1)(e) of the Companies Act, 1956, read
with the Companies (Disclosure of Particulars in the Report of Board of Directors)
Rules, 1988, are given in Annexure which forms part of the Directors` Report.
PARTICULARS OF EMPLOYEES
During the year, the company had no employee drawing remuneration equal to or more
than the limits prescribed under the provisions of Section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975.
DIRECTORS` RESPONSIBILITY STATEMENT
1. That in the preparation of the annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to material
departures.
314
2. That Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so
as to give a true and fair view of the state of affairs of the Company as at 31st
March 2008.
3. That the Directors have taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities.
4. That the Directors have prepared the annual accounts on a going concern
basis.
AUDITORS
M/s IVS & Associates, Chartered Accountants,, retire and being eligible have signified
their willingness for the re-appointment as Auditors and furnished the required certificate
under Section 224 (1B) of the Companies Act, 1956. M/s IVS & Associates, Chartered
Accountants, would be appointed after their approval by the shareholders as Auditor of the
company.
NOTES TO ACCOUNTS
Additional details specified in Notes to Accounts are thought to give adequate
information regarding the developments that have taken place in the company during the
relevant period.
INDUSTRIAL RELATIONS
The industrial relations were cordial during the year. The Directors place on record their
appreciation for the contribution of employees of the company at all levels.
ACKNOWLEDGEMENT
Your Directors wish to place on record their deep sense of gratitude for the
support extended by Government of Karnataka, Bangalore Corporation , other
Government Bodies, Staff, Shareholders and other stakeholders.
By the order of the Board
Sd/- Sd/-
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE : BANGALORE
DATE : 3
rd
JULY, 2008
315
ANNEXURE TO DIRECTORS' REPORT
ENERGY CONSERVATION AND TECHNOLOGY ABSORPTION
The Company has suitable system for monitoring the auxiliary consumption. During
the year ended 31
st
March 2008, the Company has not made any technology
absorption, hence information required as per Form B of Companies (Disclosure of
Particulars in the Report of Board of Directors ) Rules, 1988, is not applicable.
FOREIGN EXCHANGE
Inflow Outflow
Foreign exchange during the year NIL NIL
Sd/- Sd/-
Harish C Kamarthy D. Prabhakar Reddy
Director Director
PLACE : BANGALORE
DATE : 3
rd
JULY 2008
316
AUDITOR`S REPORT: -
TO THE MEMBERS OF
M/s. CAPSTONE INFRASTRUCTURE PRIVATE LIMITED
We have audited the attached Balance Sheet of M/s. CAPSTONE INFRASTRUCTURE
PRIVATE LIMITED as at 31st March 2008 and also the Profit & Loss account and Statement of
Pre-operative Expenses of the Company for the year ended on that date. These Financial statements
are the responsibility of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in India.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statements presentation. We believe that
our audit provides a reasonable basis for our opinion.
As required by the Companies (Auditor`s Report) Order, 2003 issued by the Company Law Board in
terms of Section 227(4A) of the Companies Act, 1956, we are enclosing the annexure statement on
the matters specified in paragraphs 4 and 5 of the said Order.
Further to our comments in the annexure referred to above, we state that:
(a) We have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the
Company, so far as appears from our examination of those books;
(c) The Balance Sheet, Profit & Loss Account and the Statement of Pre-operative Expenses
dealt with this report are in agreement with the books of account;
(d) In our opinion, the Balance sheet, Profit & Loss account and the Statement of Pre-operative
Expenses dealt with by this report comply with the Mandatory Accounting Standards referred to
in sub-section (3C) of Section 211 of the Companies Act, 1956.
(e) As per the information and explanations given to us, none of the Directors of the Company is
disqualified as on 31st March 2008 from being appointed as a Director in terms of clause (g) of
Sub-Section (1) of Section 274 of the Companies Act, 1956.
(f) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the significant accounting
policies and notes thereon give the information required by the Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March 2008 and.
(ii) in the case of the Profit & Loss account and Statement of Pre-operative Expenses, of the
profit of the Company for the year ended on that date.
For IVS & ASSOCIATES,
Chartered Accountants
PLACE : Bangalore Sd.
DATE : 03.07.2008 IVS Suryanarayana Raju
Partner
Membership No. 218282
317
Annexure referred to in paragraph 1 of the Report of even date of the
Auditors to the Members of M/s. CAPSTONE INFRASTRUCTURE
PRIVATE LIMITED on the Accounts for the year ended 31
st
March,
2008
I. (a) The company has maintained proper records showing full particulars of
quantity details and situation of Fixed Assets.
(b) In our opinion and according to the information and explanations given to
us the Fixed Assets have been physically verified at reasonable intervals
and no discrepancies have been noticed on such verification.
(c ) No substantial part of Fixed Assets have been disposed off during the
year and has not affected the going concern.
II. Since the Company has not taken any loans, secured or unsecured to /
from Companies or other parties covered in the register maintained under
Section 301 of the Act, item (b), (c) and (d) of Paragraph 4 of the order
is not applicable.
III. In our opinion and according to the information and explanations given to
us, the Company has adequate internal control procedures commensurate
with the size of the Company and the nature of its business with regard
to purchase of Plant & Machinery, equipment and other assets.
IV. In our opinion and according to the information and explanations given
to us, no transactions of purchase of goods and materials and sale of
goods, materials and services have been made in pursuance of contract
of arrangements entered in the Register(s) maintained under section 301
of the Companies Act. Consequently item (b) of clause A of paragraph 4
(v) of the order is not applicable.
V. The Company has not accepted any deposits from the Public.
VI. In our opinion, the Company has a reasonable internal Audit system
commensurate with the size of the Company and nature of its business.
VII. The central Government has not prescribed for maintenance of any Cost
Records under section 209 (1)(d) of the Companies Act, 1956 for the
business carried on by the Company.
VIII. As per the information and explanation given to us, the Provident Fund,
Employees` State Insurance, Excise Duty and Service Tax provisions are not
applicable to the Company. As at the last day of the financial year, there
were no undisputed amounts payable in respect of Income Tax, Wealth Tax,
Sales Tax outstanding for a period of more than six months from the
date they become payable.
318
IX. Since the Company has not availed any loan, there was no default in
repayment of dues to any Financial Institution or Bank during the period
under Audit.
X. The Company has not granted any loans and advances on the basis of
security by way of pledge of Shares, Debentures and other securities.
XI. The Company has not been dealing or trading in Shares, Securities,
Debentures and other Investments.
XII. The Company has not given any guarantee to any Company and the terms
and conditions whereof are not prejudicial to the interest of the Company.
XIII. In our opinion and according to the information and explanations given to us,
the Company has not availed any Term Loan during this period.
XIV. The Company has not used any funds raised on short-term basis to long-
term investment and vice versa during the period of audit.
XV. The Company has not made any preferential allotment of shares to parties
and companies covered in the Register maintained under section 301 of
the Act during the period of Audit.
XVI. The Company has not issued any debentures and not created any
securities.
XVII. The Company has not raised any money by public issues.
XVIII. In our opinion and according to the information and explanations given to
us, the Company has not noticed or reported any fraud on or by the
Company during the period under audit.
PLACE : Bangalore For IVS & ASSOCIATES,
Chartered Accountants
Date : 03.07.2008 Sd.
IVS Suryanarayana Raju
Partner
Membership No. 218282
319
P A R T I C U L A R S S C H A s a t
N O 3 J . 0 3 . 2 0 0 8
S O U R C L S O I I U N D S
S H A R H O L D L R S ' I U N D S
A u t h o r i z e d C a p i t a l
5 0 , 0 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h S 0 , 0 0 0 , 0 0 0
S u b s c r i b e d & P a i d u p C a p i t a l
4 4 , 4 0 , 0 0 0 s h a r e s o R s . 1 0 , - e a c h 4 4 , 4 0 0 , 0 0 0
R e s e r v e s & S u r p l u s -
T O T A L 4 4 , 4 0 0 , 0 0 0
A P P L I C A T I O N O I I U N D S
I I X L D A S S L T S
a L a n d 4 3 , 8 0 0 , J 0 0
b P r e - o p e r a t i e L x p e n s e s 4 S 8 , 2 4 4
4 4 , 2 S 8 , 3 4 4
C U R R L N T A S S L T S , L O A N S & A D V A N C L S
C a s h & B a n k B a l a n c e s J J 3 3 , 0 J 0
J 3 3 , 0 J 0
L L S S : C U R R L N T L I A B I L I T I L S A N D
P R O V I S I O N S
P r o i s i o n s 2 J 9 , 3 S 4
J 9 , 3 S 4
N L T C U R R L N T A S S L T S J J 3 , 6 S 6
M I S C L L L A N L O U S L X P L N D I T U R L
, t o t h e e x t e n t n o t w r i t t e n o o r a d j u s t e d ,
a , P r e l i m i n a r y L x p e n s e s 2 8 , 0 0 0
N O 1 L S O N A C C O U N 1 S
T O T A L 4 4 , 4 0 0 , 0 0 0
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S
C h a r t e r e d A c c o u n t a n t s
S d / - S d / - S d / - S d / -
I . V . S . S u r y a n a r a y a n a R a j u V . P a d m a a t h i l a r i s h C K a m a r t h y D . P r a b h a k a r R e d d y
P a r t n e r S e c r e t a r y D i r e c t o r D i r e c t o r
M . N o : 2 J 8 2 8 2
P l a c e : B a n g a l o r e
D a t e : 3 r d J u l y 2 0 0 8
B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
I o r a n d o n b e h a l f o t t h e B o a r d
320
P A R T I C U L A R S J S T J u n e 2 0 0 7 t o
3 J . 0 3 . 2 0 0 8
I N C O M L :
N I L
J . A D M I N I S T R A T I V L L X P L N S L S :
a . B a n k C h a r g e s 1 , 2 8 0
b . A u d i t l e e 1 6 , 8 5 4
c . S i t t i n g l e e 4 , 0 0 0
d . R O C l e e 3 8 4 , 1 0
e . S t a m p D u t y o n A l l o t m e n t 4 4 , 4 0 0
T O T A L 4 S J , 2 4 4
M i s c e l l a n e o u s e x p e n s e s \ , o 7 , 0 0 0
A m o u n t t r a n s e r r e d t o B a l a n c e S h e e t 4 S 8 , 2 4 4
S H L D U L L T O B A L A N C L S H L L T A S A T 3 J S T M A R C H 2 0 0 8
S c h e d u l e J C A S H A N D B A N K B A L A N C L
P A R T I C U L A R S A s o n
3 J . 0 3 . 2 0 0 8
J . C U R R L N T A S S L T :
a . C a s h i n h a n d 5 4 , 9 5 2
b C a s h a t B a n k
i n C u r r e n t A , c w i t h O B C , B a n g a l o r e 8 , 0 5 8
J 3 3 , 0 J 0
S c h e d u l e 3 : P R O V I S I O N S
P A R T I C U L A R S A s a t
3 J . 0 3 . 2 0 0 8
C P r o i s i o n o r e x p e n s e s 1 9 , 3 5 4
J 9 , 3 S 4
N o t e s t o a c c o u n t s o r m a n i n t e g r a l p a r t o t h e l i n a n c i a l S t a t e m e n t s
A s p e r o u r r e p o r t a t t a c h e d o e e n d a t e
I o r I V S & A S S O C I A T L S I o r a n d o n b e h a l f o f t h e B o a r d
C h a r t e r e d A c c o u n t a n t s
S d / - S d / - S d / - S d / -
I . V . S . S u r y a n a r a y a n a R a j u V . P a d m a a t h i l a r i s h C K a m a r t h y D . P r a b h a k a r R e d d y
P a r t n e r M N o : 2 J 8 2 8 2 S e c r e t a r y D i r e c t o r D i r e c t o r
P l a c e : B a n g a l o r e
D a t e : 3 r d J u l y 2 0 0 8
S T A T L M L N T O I P R L - O P L R A T I V L L X P L N S L S I O R T H L P L R I O D L N D L D 3 J S T M A R C H 2 0 0 8
321
SIGNIFICANT ACCOUNTING POLICIES:
1.1. ACCOUNTING CONVENTION
The Company maintains its accounts on accrual basis. The Financial Statements are
prepared under the historical cost convention and materially comply with the
mandatory accounting standards and guidelines issued by The Institute of Chartered
Accountants of India. The significant accounting policies followed by the Company
are set out below:
1.2. FIXED ASSETS
The company has no Fixed Assets other than Land.
1.3. PRELIMINARY EXPENSES
Preliminary Expenses are amortized over a period of five years from the date of
commencement of commercial production / operations.
1.4. PRE-OPERATIVE EXPENSES
Expenses incurred during the period prior to commencement of commercial production not
directly attributable to any specific asset are shown under pre-operative expenses and are
carried forward to be apportioned to all fixed assets in proportion to their cost or treated as
deferred revenue expenditure as appropriate, on commencement of commercial production.
1.5. DEFERRED TAX
The company has not provided for deferred tax assets/liabilities during the year.
2. CONTINGENT LIABILITIES - NIL
3. AUDIT FEES AND EXPENSES INCLUDE Rs 16,854
4. CAPACITY AND PRODUCTION
(a) Class of Goods : INFRASTRUCTURE DEVELOPMENT
(b) Licensed Capacity : NIL
(c) Installed Capacity : NIL
(d) Actual Production : NIL
5. The Company has not paid remuneration to Directors of the Company.
For IVS & ASSOCIATES
Chartered Accountants
Sd/- Sd/- Sd/-
I.V.S. Suryanarayana Raju Harish C. Kamarthy D. Prabhakar Reddy
Partner (M No:218282) Director Director
PLACE: BANGALORE
DATE : 3
rd
JULY 2008