~\

«v
Iud-Swift Limited has emerged as ~ trusted friend for patients in the pcdlateie, gynccolog_.v, cardiovascular and steroidal segments. Th e (~:m~ETanh as heen ran ked ahove Y
,3] I

others amnn g th e f astest growl ng

f nrm ulation companies i11 the area of

branded
IP harmaceudcal

ge.lm.er-ic the in
.i~dllJls:lt!if ind. S

Indian

ach ieved 2 nd po sitiOJ-) ..

rn tlii:;l 8iU'uai ~~rl i\i!! lill .. !!! i.ii:>~lo.~!ll I~rwJIrd-lililkiil~ ir'lr~'1I'iitJiliilii til ,!'tI!ll'l.:ill~~~tu~ b!! t!lll"('!!rl:!lll:!l'Iu cur I!lrtl~~.!i O!I n [11 ii.;J ke il'iiTIf' iT~ al ilTi.e!rlm ~n t. d!ici:s i[flS . This, rr:pnn:.lI1d nthc r ~i:.a~r.IT'ii:!rolill· !M"itb::r, ,;;nr.' Qi<",1 • thilt we ~l;!n.;.;li;;!Jlly mnJl'¢ W"it.::!!r' r{i!'¥i'<! rill IIJQ .I~g ~ij_~rrilirl!;; th<lit

At IndrSio;!,<li~;.Limitecll, W~ p[iJiI,'ide ~1~Uei j~ by Iwikin..~ !Il)O~; .rl:r~d.\'~ p<lNI.!i('J!'>. h}, ,(!nh:lJl!(;:ng pE'Od\t~d.'I,~L:'fi:b:lt! m~. bat ~J!rr ~~'I#~ Qf pr<';1'!.'~d~r.,!p,\,:hd~;!!ir.I~bL~,. ~
'I

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i

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in !i~jjlfl~li(;l'I::l. Wli! ~;i.:!.~ril=:!ill ~r resul ls i3 ~'lJl;il!!,=t '!.!s risks, urn'l!r'!.lI.ill~i!!~ ,llIm1 t!!.'i..":i' iml!::t!Jr~' ~!Zul1'1i.1ti~rn. SooJl1li knnwn ;:or u ,knr.wll risks or urn:l!n1l.in~ii:!5
m,;l!C"l"i;:!.1

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ilLI

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j!;~

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Contents
DiflEictiJF;!>' Profille __Gil ..
_

Ser:rn f 2~J' C ~~ rnlga rVI_

:;;taH·

If!.runk riFf

[rldijj

Tl'ii;llJ~tz1~1E~~ll~ 8 r.;lll'l~h Indusl risl Ai'~a-l .. Chi..lflo i~<li'h_ (:~i1~lI'fJ e:,aillk sea :9-1 1.-:9·14, .sl~d~lf S-B, 3

& CEI)

ctHOifidigarh.
State' l3~nk IOif p'arli<lla

lk V_ft M~h!lti
JtII'int Manaillin!J Dil'octm'

fill 1;, [HlinmNSI~L! J~ill

E)';.:cwti'!IC D ili'L"Ii;tor

~.Cljjfflrne·l'(;iai B raneh: SeQ 1,i],}-I,O'J". Sec.tot' i5-(;, Chandfgi;Jrh ..

[REIG;I:~rrR,AR, l(~MJI:S HAR[E. TlRAIN:S F E:R.

A~Er.JT$

AIii:.-.elUJ'IG S 'to

Thill' [)'rlb~~QFS Fif'PQi"t ,.,2'J,

M!':,

v. K, r~~ehita

[)ii"'~etQr

M r.L m1iriilli!!i Aggarwal

Dft'l!!cti1lr

MJ,s,1.I~nklt. ,M.....:s.lgr1IHI'!t1'iS L 'k:1. 2:El:2:l1 J h[iji'ld~wt'!ll.an E:..:'l.ti'lgiiiiil/ Ne-~'i' 11!!lhi iie ass

COFOOF.ate CQVeme!nC'e .... :i!~'; Au:di it 0 r's Ri:! P c rt 00li (aFpon::r.t~ Governance __::ijj ..
Manii~<fil(.!ifit ID~iJSSrO[i

Re r- (irt

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1',

11'(,MI. ii" N,[tlE:fi. ~

Diti~dor

rsi, [Fldl,.i~tr!fJl A tea [[, Ch<lfldigml'h 1M ooz

a kri-li1ygi~, Re~rt

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Dr. N,

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Ji;gg:;l_j'wal

Difieetl)r D~_ R"

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Ch~i1digarh.

~ A",jij!tCi(~, R:e~rt ••A~ _

Me:,:lJiI8 l'iJ

Dr. s,

1("

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t.a

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Mr. iiL«. 300d

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[Part of AiXOUflil:~

G.OM PA~Y ,5;E'~ ETA RY R

AUDH'O~'S J, t(, Jair"i &. A'mei[tH:s C: I'm i't e ii':c~ Ac::; IJlin t an t$ 5, C,0. n3:2-.3.'3~ $('i[;t.olr' 2'2- B
ehafWlil~aFil "1 til) 0:2:2

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Plot.

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('Uli

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Plot r..la_1]
P,[!lf!Np.ni)~, (H.

Vi Ilai21~Malku Maj ra,

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(PIJ!'IJoiI~),

it III & IV}

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J(.itTimu (..i &; 10

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:-~.; ,I • . I ~ • • _ ...

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M~.:S~R,;.~·hta
(Ct..aimla:tt)

,Dr.', ,R" ~,b,b, V (J oint Managmg DiDcctor) ]-Ie is a post Gf~J!'I;Uitte La" '1" g t t"::i'!Lperl~uGe PDiI" ,'r-e-ILt),,-r.ll:ne: .2;91 b Yl:8i:i.T;S, :[Ill '!Ine .!Phannfllcm,t:CSl!, I:ndu.a.~:ry.. Wo rked. w~,"'lli M1JJt"l-tl, tll)lr~~J phar", (ij,l;;e'L" cal 12:::1. ut \rm'll-UlS .112 vels, He 1m!;

MI'. H.M.I.

IDirocto:r

Nl~m'b~tlil'

science Graduate, had '..... \cr:kecil, pharmaeeutieal eompa,nl @:;j es W'~"'ff1,'L.ea~e:r3i)i,l:Id W<i»~ 'li~e~'l!I~ted teosenior 'r LO'" t " n:rke't:lt:i.g iPoslthl. . He is
9l,

-~h kil!!dj,l:1l!'l;

He Os a fCUO"H member

of the

ino1-3wift:Laho

:~ ~\86 prum!Uf cd iIli!l!-Swift Limited.He ma. :i:t'!!'1/I!'.I'~'r.d. in the f'O!I":t11!l!.llEi.ti.o111. ,81'!idl ~rnfill<e:ml!!j'ltfttiQn of m:!l! kAl:ti.n@! t!l;l;!r,[jt~gy fo busifiest.i gro'~Lli. He k: also a l::nalt.tf an (jf

Ln.8·'i::,t.uie of C,om,p.a:Ill,}, Siec.!retarieiS'ioil'Indian and! alae ~:iJ(dd .:,A., De~e l:i] J1.:r~~"-1

~.to:rfe:s. Limited.

IndSwift I. -!T.litt"!d fo~ '~h@; !aat. a:ix.t~~f_ (1. 61 ~~S_ E e 1'" !'1;1)" D reeter t_ Ifi!i! -Eh,~iH
:'i!l

tiLl: np;.u been the

ilieirii.itw-e,
S«,,c1l:taLll)' ,aLd.

Pr'e!>~Iit1}'· WOirking

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........ -=== 1P'a~diM~.

~WtJ []

e S a ·· .. ~.J,BIIS. 1rJ~,D'1 !.C. H me 11llCE!.1 .prE!.cl:itiDru:::!I" <ma. sm ~ndleiPcnd!c'n:t Directn r ,of th,lE: {:omp-a1l11r_ H,@ 1~ iA !f'i~ritl)Vii'1'!IOO,
I

""'l'ho..J~· Ime T

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f\!'.iITf:1tl].E.I,t~OI:'.i,

LEibwntunes.

LimiJited. In1;rljihre· :'n the. contrel and :p:a:nn:2!l]g: 9.ILCJ

Go!:irw:::-:r,al ].rtsl'1.agc-r tH!RD~ Ftljiiti:"lU In>D'- T'i!!lec-om. Ltd_ a i!!J '1p.;.ill~.e :muL ·1: orthH" ill. -Ie ~lrui ;1 'if" st lexpe:rierw::.e :in the EII~.;a!'.i· (!f Mru.La.gement S'l!.l[iin. aa 00 m:J1Ii any S. eere tariad, Firl!aL"l.oe,

'il!'ith :i"f~(I{.i:',e th.an ~1l1.lill.'1~::!'!J1f:ruD h experience in

~mcjj~83iI!iI:1 ..

wiifb

ithe

me dieal

IPT-od . d. d~¥,eUa.Ji'n!il!!TI'it:[11I ii:hll!! mar-ket,

~J1-~._.~emet'" In ...·r ious {:{lruP .. tie r .01UtO:[lDiIJ.il1I1.:J.8 bodJe:s,

Pe!l"&j)n~el,

Adlmip.!iatratiG'tl

and

Gell1e~.J

He' take8 C'-8I,eof: all :..o:rng ItEiml ;g,tT.,ate[!l)'

,B:I:'!id

D1". ~.D'. ,AgJ;rwtIIJ.

Mr". H:lm~I1~b,'g. ,Jig.
(Ex~C:ll·t~'~:Odfic.ta~ (D~roi::'bDrl

o!!J!::p.1A"lr:i:l'!ig

r:ie1N

,Bl'!ld

i:rul:Ll)'Jw.ti~re avenue ~I}j;" bu slness ,.- growth. ~lc is. "tb(;l vi.~C.hrur.man of. the Im:i.-S\\oift Laboratories Ltd.
Ac"i:j<-,fI!!]Y :_,.v.o],,"ed! in all. ·~be. funetianal ares :::: th~ 1Ii liD:. ement, LAlcldilg,- ite 'U e Ii). .EPR .;;ell mud 8 ,.. k~y funnw-i1L'l:ion :m :re1a~ tian to IBl~8,. He' ]a aleo V:ce Preaidera of: North Zone ;[if :B ulk Dru[lJl Ma~.tiIfE.l.ct1:.r-.erli!,

:Dr:. ,8.1K.• :Ml!lthlililli'

[1J;i n![! tlJ"

,U~ l;j· a cemmeree gr.;,ldlUde the.

:riDlm~::;::l1mcenber 'cf the Board, SD't1 ,oft-he pastC[hairmna.n. of the
gr9 .-'

.Loo,.kifLg

l.ate,

[dt ~:t' tl e

Sll.. AJ~:-~'!.-

WJc~{!jPi:! t e

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~=~~=~~
Te.·:;;l!!aJ:c"tl.

mer t ,;'1' '. <;1 reaeareh scientist, He: .h.as wo r ke d i n .Baycr

F armac.l!!utiCi!!J E, USA

H,e is Pl'.D. &. M. S. He ';;~IJ.nie:::; a :Iii.ch e~~~:peIi.en!Ce· a::: Ph.S!r,!m'].a.,-· 'C I?·uHe a. l :!l:cj,l!!l:'.i,c,e~. ~!'IJ the Re ;e;_1tTlC'! a:t d ~I' l~ 'I~d c'.el -

AJ~t!;~::batio
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:itm.pl'iOli!Jlt,·:JltBltSon. H.c is i:IJ.ls~ me:tlllD!?Tof B'Ol!!lro of mr(i!id,D:r ofInd-3"lr!1ft

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reember
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of

'frhe'

PtJ.BxmaC!l!ut-ci3!1 cenemittse,

ItmLt Di.E!.lll!::to.!I'jI.~E: mul E:i:lJd.oc-r.i'n.o:o,gia,t :-Ill Si. l'EaCl[!I1,g lm!l:'p -.-al at iPaJ.m::hkula ..
il::'lm:s

:Of'. !Go:pill Multjll

Mr· 'V.•K. Mehg. : (D.ir.e·cto~' - Pr,i)rnO:l'i~:r) He ia -El C.'IJ,m:m~TICC Gr>a..duE!.n;:;, '_'n8'i:rumc:nta] :n prnm.O'i:.~IJ(l':l of . ·!I1.,dJ-Swjft 'limi~ed ;f1nd!Ind,-SliJiiriift,
L@.l;II)I.i:':@.t,,) 1'1;e s Llt"ii~ ted, :~n.V\IJ]ved iill ~h.Brti:n~

Mrs" Ni.r.I!I1Bl ~aJ! ~D~·~' --

nr'. B.P.S.
{Duc&
(H'Q!I'I..
l!:Iil

C!ha-lIlm

p,latl-8lllllEig .L cetor .& (!EO·

l.mde:t ..NDD<S_ He :i;!i ,F.ll!iiJImemoor !.'!J"f]3o!)a.~d. : onf D"eero~ ,j)f Ind-Sw ~ L., ,.1 .. H~~ TJ.h1;ll e~ "e.;!i, .1H,e. :i~ i;;O-Chilt:i:nt.l.:wr'l >Df PHD. C ii-iJli'rlbt::t' of ·co:rn.i!JlC'rce (H ..iP_l Bndj, m EII'l.SJ ging 1JDm:[[]ititec' me:nibl?T. ;[ifPHDCCI.& A....'9S0 CHA_iL

dev lOi;Iil11t:fil :p'Il:;i tion~, Acth.!\ely invelved in the C€i~;pan.is R&D '00 inlroa:1lJce· ICiosag;e' fao:rnn.
ffi.a~klL:tiC1g (:100 pt"dliJJe·

W-ith Pharmaeeutieal loomsltr)r DO-! tl'.r! last 24· j'CM.:!O .. In . .1 '9l8 i5.. promoted lredSwift Lmr.L, .and! ;!Ii.nee than Itteaded

I e i a Moedic2J Gr.t\l:1'l~ate, 8£ '!:u:::iatt!d

P.t'U'T.!Jill'f1"r
[JIU:t.

the

Phll"!lrl'l.eeutie.al i es eareh 8l;}lenti8t/ Chem:i.:8t by' profea8:[0:1:1" :911)1:: has w.orked. In

t];I;.Jj:

$\he is: a I'll ,Sc:, Ch.emjstry

,l-

M.. 'fed:l ,i1:r'ug &. ~'Ifie Chem.i!l:.~;,;.l &. IP.h. D•.ti-'liei:::> former Dean 'C[' ~;l'atio:l:'.is. I!IJ..e~,it:lll.te' .of

He

(S~fllt:hetk

iB

1'IIiS~

(H'Q!I'I,f;:-~

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a,nd

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f,ili!!!r1 h'lg n

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r(hl;"[p'lfIl)ffiMirIg f. ian ulae ]aunc'hc;s

thi,;! O'[~01Jl')l,Vi!!lst

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exp erience

~~0e;)J:\en t!IfIEIl)

CI i;1IV. er

r.

iilil'

,q 4- :rear.:2l.

pessesses

C'!l"O~l,p- Act'v- ~ly :irnnill'ired ~~ p_ar:rl'llirn,' (l1tlJj;'~ tl:r ." th ';t~'~ t~ PiJf tht: GT(lfI,gP', - ,e :i:s, M.-i1LIla:g:l1il1!!; Di,£:!:cixlr ![If Im!,-S-v,rl.l't
Labo:rator.ie8 [;i!rnit.ed.,

and. 3t~a.tegiz:ing'prodiuet

of th·r;

Ln dv Swi f t Limited product manufacturing goes well beyond the address of ailments

Ar

with
I ......" ",'
'PI

'~e[n,pora.ry
..... A,
nl

relief, ~ it involves ~ corn 'Il't:!j·v Jr'U'"od net .r ,deve]opluent dir"Iv,",

ected towards the co pr he i

m e n s v e

man.age me nt

of

lifesrvle diseases,
.I'

Ind-Swift Limited selected to penetrate deeper into the hitherto

under-penetrated regions of India even as a. number of its
ITJd,-Sw.ift Limited has:
co!"~Si!'lb!:TJiftr ~'(jC1lEi:d. O!ru

competitors

concentrated

around

urban

destinations.
~ d""\i'elopiBe~:iII; o)}f ~~I~e·a,(lded remedies
,!]~HI~

addx,jl'gJDg i!.!l!liim.et me;jL,r;al

in c~.OO'n.:i11:

d.1;::e~

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cB!li:!.l{!;-.Umf\;ilr;,,~d its
i!l1ll)i:~ati'lj'E!i~

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to!!OWlT:lg

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'!;l;u.I:l:eh~d ;l:!~
:;!I,'If~T:i!~

15-30 ,produ.ll;'r;:5:

(!!'1.'!l;!E"

th~

.1~"1. live m.-~'i'i,'1h-

feE£$~

iILa.!k.i~ tElie recS;2iIDcli (If all.

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[·~,d~Sw~r~ l:~m,i~~, ~i:r,l;e ~r.I~pt.i;;Y1J i::;
.~~:;~1

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en critical but rt!L3!ti ...·d}. under ct'ow'cJe.d th~~'pe1J!tic Ngrnel1;tl:i, Uke 'pedi~in~~'3 tatJj.o~.ol;)f, gr.tlltc~lo,gy :fI_[f[rJ Il.H!ilbBte.s.,

• :E, ~ilIcDerl,
ampoules

its dosage foreas baw .:HJ.et::IMets, '

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to ~aft:-gc~!:i 'it,o

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iii

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to' Y.lt: ·~h~· ~ Qijbfj'liiy PhEr~l;:emr,;::u P'riJdllrn fur t~ ·... at a .lndtw..o. markJ:~, lm.&-5wlft :I:..Jm:l.il'!~d Is
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1Il1io:":s!..vi:Ft LLR'J~bI!d,·~ .I;'~l!!m:!.e' ~mw at annuel !)!)mpoI!.:IMecl, mOO o~ 35!~{" ~I}. IiIO% :[\gs~e!!'l~~l.! (~~,{!!l",tl:t~· bsdi'ie year,!;. -

~ Lrn~"W,ilit Llliir~i_lJi~d :' :!iil.il,pplyin.!£;, l!lJr~,e qu,rumlut:k~, 1 crff peoduers 'Col) fGpu.tl,\id Indian :Ph~~m;!:Co!;!~!li:k:;d 'r.ft)!~i~
~h~T,,:,V4(1r~_fm~~,.:!ti~l wm_p~ml~ ,- A~ll!l];;lJnuf::i(.1'i'I..:rdnil: b"l:ilicy'oorupiy GMP"E;"IIl~ro5,
• ~IQng;.1

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:EUrDP!,·;3111l-C'.{lmpru'!ll.€ s,

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Pract i.oi:!. of m.ax:lmlzla ~ ~'le_~ t hTOO &h h:i:;b£'.r do::;~)! e 00 ~umpt len iilld. .ir~ . .dod nB; ~0,. ~I!'~lj!tOO tIl ;l ~l:'I£iI tar C Oj1lj!l.i I~tl!' j
.af02p[t.l;Cf:i2.

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C!?pbi~;I.o.5~drjsj Qil~Eiolan~, ,i\mi1!l Q~tl fo::;:d~Si'Mat:.[\Q!i~~!:jC.h~o... mp ~Eil (01, a -JI~!;.]1':I__£.fr.lin~. 51;r~pJ.oIL'iI.iIUd~I' .:ctJl!IlI!l~b~··1 AiLtL.flblQ§;nJd ..'\nti'Pr'o~;ib! A ,.'\mi-hI!1!mi.mhic;! A!lI.'[;'hl:5~m!n8,; / AEiltL-iJke.l:".llm::.'lI A.!!Lti-, d!;'i!'r,boea!s! AEi~~i'~:.-:ive5l EJ;!;I~to~t~ N5..'\ID:M N~li[:i;1,;~t~r;ni d.1.i,,,·t~ QP~"al5mwm~d:>l A.rn.-i· prn T D,it.llD!!'I:Le5/ Ca;:j'diQJfit,~~ als/ NI!:!l!i~o.-P:'ll(:ru:j[.ftC' :~,oodlieu:

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«v
Iud-Swift Limited has emerged as ~ trusted friend for patients in the pcdlateie, gynccolog_.v, cardiovascular and steroidal segments. Th e (~:m~ETanh as heen ran ked ahove Y
,3] I

others amnn g th e f astest growl ng

f nrm ulation companies i11 the area of

branded
IP harmaceudcal

ge.lm.er-ic the in
.i~dllJls:lt!if ind. S

Indian

ach ieved 2 nd po sitiOJ-) ..

rn tlii:;l 8iU'uai ~~rl i\i!! lill .. !!! i.ii:>~lo.~!ll I~rwJIrd-lililkiil~ ir'lr~'1I'iitJiliilii til ,!'tI!ll'l>:' ill~~~tu~ b!! t!lll"('!!rl:!lll:!l'Iu cur I!lrtl~~.!i O!I n [11 ii.;J ke il'iiTIf' iT~ al ilTi.e!rlm ~n t. d!ici:s i[flS . This, rr:pnn:.lI1d nthc r ~i:.a~r.IT'ii:!rolill· !M"itb::r, ,;;nr.' Qi<",1 • thilt we ~l;!n.;.;li;;!Jlly mnJl'¢ W"it.::!!r' r{i!'¥i'<! rill IIJQ .I~g ~ij_~rrilirl!;; th<lit

At IndrSio;!,<li~;.Limitecll, W~ p[iJiI,'ide ~1~Uei j~ by Iwikin..~ !Il)O~; .rl:r~d.\'~ p<lNI.!i('J!'>. h}, ,(!nh:lJl!(;:ng pE'Od\t~d.'I,~L:'fi:b:lt! m~. bat ~J!rr ~~'I#~ Qf pr<';1'!.'~d~r.,!p,\,:hd~;!!ir.I~bL~,. ~
'I

If.i.t~ti:i~~~~' :rfl~1~~~l~,g S·c~~ntifi-:; p ro&!Jc:4..ioJl ~f:; and aliomti'oil pt\Cldl!J.iC't:o!,p. cydl!-by an il;'i~t'i::lge 15% ..
i

mr~

thr.:·

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'2;.:p~.::jj,

~u(:lj .!I~ '.iI n '!i.zi'1ll ll 2' , '2uiriI1ill2', i

'Ii

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~~'iI~

prlDdil,llt;t~oll

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~~ri·IJ!'t"!1~I'1~.

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A p:ra~.I',e~~e· QOlpd~'C' .Dl::lRllIlilOtrtR'of an i[J(',~.i'id!R]!; .l)u!m;b~J'

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in !i~jjlfl~li(;l'I::l. Wli! ~;i.:!.~ril=:!ill ~r resul ls i3 ~'lJl;il!!,=t '!.!s risks, urn'l!r'!.lI.ill~i!!~ ,llIm1 t!!.'i..":i' iml!::t!Jr~' ~!Zul1'1i.1ti~rn. SooJl1li knnwn ;:or u ,knr.wll risks or urn:l!n1l.in~ii:!5
m,;l!C"l"i;:!.1

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iliistali;!t;W.!1 1:'& ~ophi;st~r.~1It:d. .~dhIllI:'; eq.IJJ~mf!1il~ oompl'idbl~ '~,,[h lnc:rel'li.ing volumes ca.paihl£' of strip P~d::tlj0 [hoo~' [i:ItW3: tb;;m t~f01'~ h;lVhtg an (i;b~[ruG.il[.. ~ijd ~i.ng~.ped tb_~tis ~~1,hjgb~'!:h;iJ:L ~ be.r:.Ji~. '[~
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ilLI

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j!;~

IubJ.-r: n... 5'f~ ,

n'jl-ci;t"~is~.

~\

«v
G'erLter~ Mee~rn~, or the rile;trLbe['.~ of h:Hl-~,\,rlft L:L:mit!!:d will be i:1J~icl. [o·n Fridwy" 26th 3~,pt!!:m.ber
2008, a~ 1!l].. 0 A ..\1.. at B.M_S .. l...nibana. HI:~8iW,al'lI, 3 i SeoG't'Qi30~A. Ch!;ij;uti~,!;ixil W tr@fi$!;iji~t at~ fci[tiI)\W1J.g
bIl:L~lliile~t;;

NOTmCE

j;R; hL';Toi!;'hy gi""'f-Ill

tha:t

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llO.

To,

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!I:I~:BS.OLVEiD '['H'A.i'
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tiD the 19.8, 2~9, 30,9" ~'3,:I.0

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COI~'.i'pal'ii'ic 8

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1 g §6

nn,Y,i of [iuc~udlini'l:

Dlrecroes

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!(if M'f"'_ N ..IR_

2. To dli'Jci.ar,c ,dJj'!!idcnd., .";1.- 'T!l;I appo~nt ~, mr~i;:~O[' in p.l;Ei~

:ilt~J'UIDry lJJ:oclJflc.._~iuJ1 or re-enactment tflert:oJ .fO:f the time ~q, in .f(Jll"Ce)" the COr:i8ent >Df '!thc. CO:l:b1iiPSiill}" be andl i;s h!.':"mb~{ ;ji}cCO['de-ct to tJ1Ie re-.:'lpp(irntrner~t

if' any, of tJj,E OO'm.:p,:ll:ni~::1 ,Ad.; 19 5!l5 (iri~h,.,diil.g ~:rTi)!' statu.to ty m'o.d:ifi,c~.tj.ofLor re-e IL[ti;;trnetll.t t1h,~eol~ ~br the tifJle bei.IJ.:g, :Lt1! force), the L'.'!l!!r.i;RiGnt [ilf '~hl!! (.'ornpany 'l1l8 and! i;R; it:iJ~mby
re-appoirrtmerrt Qt~ M'L H~ilTI~n::1ih'U J'mn 8J8 Whole Time Director,
a·(.'corn.cd ito[ the
,~8

ap'~:l6cah:!c pro'!lIa:~Qn'!i;,

xm

to t h,e. 198, 269., 309, ZU 0

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and

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be a m,eiillbet" (If tl'ie SlppoiIlhfJ,g pro.xy

,el)'j"fi,~~j1Y. fE-Ie

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l!!:tmI1111d.

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GiIDr. G0ir;i~.J

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[6 .. 'T.n,

[ilJIdh.J.d:tn~, '[pcT,'quis:itc-s and 'beiIJJr;:f!iii:a ""'t_c·,f. l" ,],_:!.'Ly 20(107 ~s set out in the [explfj,l1!a'ro:ry :st(U:.e~n.eIit 8lt~lI.ed (IOI Ull~ :noilier;:, ll!.ilOO the. re.mai~'.dl:',g teIl'lJ]8 oJ his, Si.ppcdntment an,!Jj
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i'2'::,ph.U'l!21l1o:ry !lt81lb~me:nt !2iI.bt£!:!::~~d. to tn!:: 'nofr1c!:: upMI HR.': re:t·[lJ[Unlllg ~~rm~ his, ,E"rppoon.t!iIl.en.t 0.~ WJiJrl teT~~ ;,Vil~ C-OOOJ;OOfj;~ '1!:1::-~~tJiltleo!jthe,rel.wl, •

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are retJ.l-.es.too 'to 'brln~ t~'!!eir CUent [D't!li'l!d numbers fut ~y id~fit~tio.fi nt the
l

mEi!3.'[~ng~

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beoka 1jJf. th~ '!:i0'1U[pS.lli1.Y '!,\rill. rr:::J1l.i!uu elesed 23,1:':1:Sep;t~Lbe[' 2(1ll).® to t':}6li:b:SeiPl~ffL'bef

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fr'!:l([[L

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2008 :p!.IJ}'UL:enLof. divid.!!:iI1d

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Si,1J!dtitrur-a, lElnd

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:t;DUo'W':iiifllg i'!t':5o[i~tion. :r,1t'1 0 tjjj tfo~~:

"RESiO:lL.'VED 'THAT

iils

s:p,c~:bd
tLilC'

"To,[coWllidtli.1' and. If thougiht :fi1t~ to IPa:&II!, 'W1il:b. QI' witibJo{ut mmiu]Cltt:liODi:s:i, the f@,U ~!w h1i,,1 :£e:~i 'ii't::h;Hili 01 a~i S'p e e.i.:al R'ie'1i!!il'!.iltion.· ;;R~SQ:t.vE;!Ii) ~H'A 'W
~ru.:rSU(jJ'jj'iI:; .209"

By'

tih~
For. I

{liBd!~T
III

IJf '~hllJ:'80iHCI d,-:sw1lH: :Lri.m:ltti:cd.

ti..

th@ 'b-~,S~$ of b@l1~fiici~~ {IIW'I1Je~hi:r-' :;!is ~~I:' "Le.it~tlfl: flJt.t"liJl]hed.~ the Depo'lliLMi"les fcrt· tl~i~purpese, Dividend fur. th~ .l{len1" ,e.oo'eD. ,31 '" M~"h 20~B, if d.Cid8X~d.,. will 'ibc' paId! to t~se m.e;m'lbers whc;sl:: TL L":;!'I, ;!I,t:;fJThd ~rgi!;i~Gmf,I. in itL~.e: :r~g_i'!l~ti' of am members on date lYi ~o01~ closure ~j.nd the dividend w.:rr.rn.]]:L~. wiU '01:: dm;spatrnl::d. iJefu'D!!: :2 5~ O-ct<o,beit 21lJ;j)8. M'e:[b1ii!:i~r8 'h.o!djn.i'l: aharca in diem!'.iSlitc!r:iali;!lm f\j)l"n:1. :il~ f0qu0etl1!t.t '00 et1l~'_:r~ th~~t t~;e ~:l!IJ'i,k deiJaili.l, ~_tlNl at!ld.Dt~t:;~ fu:r.rli.sl"il"i:u by theJfi to t!hE;U~ n';Bpeetl.'I!t.~ D-cpct::;(ito!l]1' 'p,El1it~C~i]J;m't;::. ; !oo!r.l:"~ct" iEind!up-tri-ds-G, 'b~C.'1IIUB~' thl!!; B8!m.:!;
;SIriE;

to
all

111'e

:pU1'81l1;Ei.n~ to

pI,t\Ql!!l~~(;i;t'li"l,(;if ~-eGdio:t1$ E;I!S, 269[" 3!l)9, 310 fie.nd ,,,",,1iUiI.:Sti~hed,1]I,~' hlU luiid ,iiill [othe.r Sl.PiP1[iICSl.blc 'p:rQV!i5'~.oI1ii:s.,; i~"' aI'"Y'; ID:f '~!hc'
Comr,a,r.i

tpDlJvj;::.i-rm::1 of 8ect::lDir.I.:8 19fi', ~d ",,~i.th 8dl:i.€ldill'LG XIII

,and

3!lJ'iil1~ '::3.1 0 lfJiit.i.ef'

pL,we; ~l'JiUl!:±n~\2Ij["l~. D2iI.t~d.:23-(h8·-20iJ~,

R..K. ,~!ij;d u!Jmpnny ~cret~ 7'..

ili.p,plic;r~ l)le
DDliifpOCr.ii~"::1

prO'lfL!l.1 IO:fiS" mlr.id.ifil[;8!Ii'cion

if ~:rJ.;l!, of H:!.'e /\e~, 1~ 56 (iI1lcHudl:n,g 8i:r.i)"

m: :I:'!J."-,c:nac:t.lur::r!lt.

be Pi lilted tUi thr:::m at

ii)i1 ttiu.:;:z;~

rn~

addrr:::S~l>

Dividend W~,ant~; Mid fIlent

'l'J'lily,

'Win

i!l!;~

Ac~"

1 9'51E"~ (ir.:l<i;::hl.d'i::n.~

,a,r.iy

si::i!il,t:ut:ory

ilj,tii!lJ;u:ti01t-y

tih~~f;
!OO[k'icnt

ruU'd.~ftc<l:tklj::i '01;" re-e:nacttlie:nt fUil" th~ tlme 'bl!:in;g in f0~). tl:-~e

'Oil
fitG ClDi!ir:ipEill!Y 'bc

.al1!d :i.a l.l!Crc.a!Yy

i'i' ct)j)r--4®r~to the re-UJ.~poitt1.tmeHt (ii£ Mr" B,.R. M.ehHL!)J!i 'Wh,0,I.e Time DiDBc{\utf t Ue::.:agmtted ?l..S. l;:bSlimlBn. IDf the ODm.PElF.iy :for :;jJ, period of 5 lfiV1~) y,eEln, "..,d.thi. [eff~t rrom 1. Ap['.i1 iilJiO@ ,nucl. .
oj

ill IQrce) ,. It-le rjilOC~[lt of !!±I.e ,tiilllilijJ<.ID}" 'be '.mdl ~ ih~U"e'I:~Y' a,cr.oFdcd m [he re-.a.p:podni!.m!'.i!l.'il~i! of Dr'_ V.'R_ Meht.:ii. ;Ji,~\Vh~ie 1'mle D~'bi)r,. de~'j,.5tte;i.l ;ji,f;i t1iJ.ei:'eof,
J·u;lli.t MruH~J.g :] (] ilJI8 July Direc;lOT' illi.l'the ()iJmp~my ,fiJ;,r' ~
:!I0-fti

~or tl"~e t~JJ)~ 1x:[rl~

1"1:11 !l."!l'.!~FJl3!n!l.':e '!,Wi,tID,S!l'!!l::tJaF..'la, :2l0!5A ,arlid.! 2!l}r~C af the ():Iffip~}.rues A.t::t 19[56. ltfid;Jtl;i;ned {~_i'v~defid fui'" the 'jem- l.Q~-9LWOO ,w b~N. ~~ to

t..iiJ.e ",~!Il:1,i1ri:::OOr. EdliII,catio:n. ,Br~di,Pr,~etijor~ Fur,di." 1$~!a'bH~'h~ij 'ny th~ Ce.Ti:~ml Oovernmii7!!"i.'t.,

Unit:tu.UT~t tUi,\-,-'Lf1er:td f(lf aU the ![j,'IJ~~~1!.lleiH ~t; '!I!riUk tT'.:m;::,cff!::rrOO to the "~I1/...e!3'b_1N.:BA1.l.1D:.ttrOfi
iPToroGELon [Ji':l]ir.irl'" .a.comrd:in,g tID tL':i.c arta.tuoo·l]i" ~,ti~I1.lJ !;iXiClOS" Mc:m~e:r:!! Q.G!liDIJ·1J!!l ,of hELv~i1g !!IIn:r ~li1fu-r,rrm.ll:ii::m rq~s!I-'!Hng to .EiDriOil!lnts ,Emc: fiJ'.'qlt:m:::a.tcd. 'WT.iro ttl! to Uie 'i)Omp;ii.QY at le;ii;s-t ten d_;,~J's m ,;iij1~"';Ji.fJ.OO ,;;t~ 1Sii}
Slir.irl :13"

,i;lett'~od (If ,511~1;;e;)ye!JJ.:t'swit]-l effect

81n!:l! ,arn. inill-e8J :',m ,;200t7 a.s ,ad IDull: in
~(ii

1"' Aptil

@l1

:n::mlJ:ne;radrnrTi, 'ii!lC'!udJing penll,l'Li8WIb~::l ruld b~nd'it!3 '!I!,".eJ_ 1" ,July 231]07 8J.l'.l, act: OIU'it in t11C [C::I.::pilanatmo(ry ::"ltat~ r:mcl:~ri: a.tt~!Lohr.:d
i:tllc"l:r!8!ae.

in

O!l1 remru,U!iIJJ~F";:Ij!"i.~!J(['j

i.li·'J,dI,;Ld~, :!P~tit[!rl:Jt~ ..

,mm beiD:djil> w.~,f.

the

[E:.":i.-p:la:r~aI\Drl'
l,cl11it'Q

to e:rif~Ne the

MW"J...J.:g~me~lt

t'tl

,keetji the

to;

the il©i!1ce'

l!l~tQ;

the

~-~;i!j

m:n.g terms
ar:U]

,QI1" ruiil,

st'J;W!1l1l~'l'r!t il!ltco.ched

'~he:

[jQ~tC~

the
<lfLtil
H

in:rO:fmat~o:E'.i. read :iI'"

8IiP'piiJrm:ttrl~iDt ,EI:.£iil1 ~emll> ~nt:sjn·ed, tLQe-f"(.'ln_"

olJ·mai6m'l1,

te.n1.itWmig

tefirui.8

of hili

<lp1:"J!olJii:lti:"(lj~!i:lt

'9,

Tbe me~':Ib€:i1S ai'e :reql!les;toeclJ '00 get the ,A;:.bn:i~l!!~.Uill. ,:.Rnp:t> f!'..!Jl':~n tJ:~~, a'tt~'lL.clJWIDe c.iiJUDlter
hY' 10)01) A.M_

~eilTILa a:nd.lOOnci!!i.iia(["~a CO!l1'i:alnEd, ttJb.cfll.'-in_

~Kl(aQ'

R~/M~& 2007:....oH

~\

«v
:~~WATORY TO ~EC1'~~N' ~MFATEM~N~T PURSU;i\_1fT 1'{Jl!2:i IQ:P 'OflMFAl'lI~~ AlC'T~ m 9:5l5 il'l.. Mr, ~,K Mei:Lta walJ, ,~p'~rnt11ed as ~IJ'!lli~lJ.e 'T,iine D~~t'lJt d~too ns MfcriLUgllig Din:'ct.or {! f Ii: he Co m.p8l.n}" b::r ~he ~hru:"ehii::lldet'~ U1 their D,\J:.eell:ii"lg~~4 on 16 [\1ovember, 20(l;l: fur ,ill [period of £lv'8 y8[iJ"'!ii. W,oi~_f:. ],oJ S@p-il:0ml"ll@~, 2 004, H'~~1', '~h~ E:o.;3I.J'~ ,O[ D3rec (II!:'~ ill [ts meetliJg h~ on .;J.Oth J1lflUlliIJ'. ~OO:s' ~1<.ld, rede~igtl.Med ,a:tJ{3, :re-<JliPpu~J'lted ,lifl'i, S.lot, M.ehlu,.iiill Crunnnml ,olfti'!ie CuIDJ.~.1"'{if w.. .f, 1 ,I Apr-ii, 2000$. e
1

tkinntdy
['1;'!.:;l,l,;I'n!!n.c~ pJ":i'J'":lTI;Gn.~ 'Of I~,~~.lT,a:nil;iG Pre(ruUtli! fCiir LLf'e., 1;[~srn.F&j''lote"Gruu,p In::!lI.lr:!IJi!lCG,Persn II!a1 ,l'!.Ceidr::illt ,!.na i!l~e
,;1.'"

,::!Il:l'!::n Directors shall be reduced pmpor'U:rii];::~B

aueh

e\i'~iIl

the.

:~'_m,~T,bltru~

:piiI,lf.~ibJe.tu

m,

otherwise

d~c:icl!;::dbY'

~gI1itiI},.f1I, '!:lif ~'KJ:i~l1ent servieea rencl.er~cl. Ib.y DL iiJO!l;!8iI M'lmjoo., ~be ElJlJw-cl, 0:£ DjII5G!il!::1I"8 of the i:OI1l1iiPa:ny in, :tbs IDEE[Ung

thm:':&!~

!l:d'Din:;i:~tDXl3 ..

fiJ:r ,!1;1l!c'!hmJ!)nn.t as ~

~aJY iDe !l:ll'Jrri:5;~d!l'!],\f.ldl

MiFlir~ll!.1§il RemU;[iefa'LJmlLn tlie event o~ lo~ or bl~Uacy pruiits~ Hle l'Oitru :remUil~t'~ltru.~i by w'fiy of :SOOf~ ~Lt!l
:p~req'UlSl'!:.es !.IJ8 ~p~cifi.::;d 8WO\te -l>l,;lbj~a.t 'IX! SectiO-ili ][ 0t,~tt:rr'[ .iI 0f &ibbl.1:l:LI.e }(ill t.lti

0'

,i!!.ppru,priate b~'the Board" e. Cl.ll!b :[e(;!~ Mem'b!:ir~:bip [:(;!(!:

,8;5;

:may

tie

o:r such c.h.lD::1

a.pr~p(l"ia:iii~

IOOn8idJ¥.:~

Ln o I 'iJ {.!II i'! ~ .;)"tII :rCi 1 S:~ i,o, member:8bJP :6e;e_

:L Con t~i'bU'iti,m'll
tJlJ,

i!

il ~

B f,e 'l"tr~11

P]:ov~i,dl!"!'~.t

FtH'.i.d,

SUIJ;let'!lL.tl'fUlu4ti0n 1"l..tndor ,'i.irnuity ,E];I> per rules o:ftbr;:, ()Dmp:EmY,

~~ G~t!llity'

tbe ltc:~; or sueh other limlt!3 ,El,:B may be ,E![p(;!cifL,!::d],tt.Lire:rdn :Frnm. time tllJ tU!lT!l,e by ,any amr::nrl:m,el1'its there ~DI, ,5, U~s ,o!lh,ei"W;if.l.e a. f.lJ:-~Ctt'teit ~nlod ~s dtc.i.J.ed nmt1lJ!Edly be!::~fi the Ddr,ec.ttilt'
,blnd, ttl'e. B0E!:rU, 0,~'D~!:i~lJr,~,

he~d ©r.L 291-h October 200'7 ~~,p~To,ved ~d " I1~...iI>ro thr:: ill~m.L~ '& Oll-ncllitrrJ~~:S indl.Jiliml!g, De.rnlilillJe.i<!jJi:1mn ,P8i:lll:ilDJe to :[I~LGopru M:llnjuJ fur rei"'fl..r:l t1OO' o~' h.Jil'i, tiei'fl];r; 'W.e,f. I'! ju~y. 2Il}.:0"1. TI1e ~1 te1:'rflS &; OO!fltilithO([iS, uidl,;l{l· ing remm"1.erntLiJ'I~ ave been ~ h U;p~,I1[Pled b~ the remuneration committee of the
ClDmpa:my, The- abst!'"5JDt ,of rev~s!l:d terma & !OOnd~ilir.in:.=; indl!ldl~illig: romiUin.Gr3i[,VOU w.aE; ~m]11UF.'JiCil!lt.~d. 'ii)o, m!J!TI"I,h~T'1.'I; :p8r 8@c[i;nfl a8

31iJ"2 ,(j\ftl1le Act,oil" :REMm1Ni!l!:'-ItAT"1DN

liti :~gtllHUifi

M~htt:Jj, the B!:MiI.rd! o~':O~;rcoto:n'.l' >t!,f tl:1ie {:Qit"tli,~~-ry ifII it~, fi'l!~ti;Uig be14 011 29

'b:r lV1"i" S" R.

t1f.~nt

servieea [dilm~d

h. Lew!!,';::: ncnahement e
Company'

U~, to half i3i Tjro-Jt[h'a; 8ai~atll 'fo:r '€:;)l!I::i1 i!),~,m.pBeted y.e!':J.:J:' l:to! servlee. ....

A2 [per' rules 0f the itn.ilt noiI 1r;::Jror:r:di:l:~jg !J)!l".i;[; :rli!iClil.".itfu,'s

'!i,!.;'n!l'k time. d:~r;::ctOirm«y be. t.ernllnu~di b:r eitber purt:r 'by' giving ::1m 'nilmn.tn::1
:n.oiti'ce Dill 'WT.H:i:n£; otf:su,;jbJ '~!:.l!IT.[lEn)2iltBo:n,.

tru:: iIJ'rn_...J~

EL8

:1) S~"'i;
p.ayn'bl!:l

Tbe to him

E~g&'TJ::gate

'!:.!if tine ~alw:y

Oe~tI,be.tll 20·Q7 .a!.;.:p.ru\ted ::.:mcl t~vil:Ie~ UJ.e 'I:.erm::> &. 00 ndJi !i:i lJaJJ !3 im.'J.1.l!I:.3:ing :r~mlJn~nltion. ]pa:i!':3!b~il::' l'tk 3jR_ Meh.ta, b'br ir'EiilTllGllnrleir ;of t.B
,~lru- ~'~irlll",
L- ,"'" .. -", W ,~. [""

i. CilJ~V,e.}'<.lIT1'C~
'e.21.p e illi e. a ,

te rm a &;, e en d i.t i e na , iIlicl'!..1,~,:i:ng remuneration :bJal');''il::' b>ll:!:.lill,alsc a:p[lJ,n:FIlCid by t!i:I.!:':' irC'mnl..Hl!:::r'Ei:tiIllITi cDm:mn:itbEc of 'i!!hc ,ei.1irnr31~.y- 'Tl'li@' 3I'nst.T.Elct orr' 1J"'-m8!!!d t:e:nrna, &. 'GQ;l:1ld~it~or.!s,nor;:ludi,n~ l:'~m1"i!~llI~T'.;)_t;OI:'lW{jj~, i ,€;(!it"(1l.i11'iM1J.{:ilLreiJt/(I il~fl~lex:s ;JLS'per :8ectwl:!

1'" ,

J- ,1" "''', '.. UoJ"1 :"::;'0 .....

,T,,,. Toe - !li<titi ~'. ,lil.e - ,~l.!.l

C0.mpu~y ~J2dI, p'1I"'!:li!!id,~ one :fuUy tn,:!I,uirIEdi car wi:tJ.1 .tl:rnrer and

1e;Ji:~e fui"

e'iMijI'

t~

11 rno~t:h

{1[r&€:iVl>i)€:.

6" If" at illilJ tit'llle, M"t-, 8.R. Meh,t~ ,cea.se.~'til) 'bIB. t~J.'e ~eMi.r 0'£ U'l.e 00111p;illy lor ~
{::a'U~~:li,

rnirsirrunn ,of Fiv~ Lakh FiJ~ ThoU8ar.id cmly]

mli;i~lI!b" iSl;!I~j~t

'!>h::i!.u 'be subject ':DOl a. R;s;.. §,501,.'GiOOI~RUJiPil::(l"js

relm biU.~~em>ent (til the: opeJ:':!!l.tiouiii.l

s.n d

Chairmsai ,:£'"ruill f.o~:thwi:th ~ t ~Ilr.in.a,lted, b

In vt,e.....of the :8Elld C?hElIiig{:;::1 the dm'.lign!!:iJ,in 'iIi'oIl! I OO['[!"Uill'cr1::I!tL'on otr"Mir, 8.R Mehta;, iU::: '!pOOiPOS!l:Q to the mC'..rJ.I!!iilcxsto ,appoo'i.''C the' reappOl:tlitmeniI ,of Mr.. :s.~.. :Mil::'h.ta a8

w,n.lilt:s.t!or.::".<e:i.". llii,8

'!:llm!te:

a8

BOM1 to ~~ew Mid set the levels time '!:.ljj mYil.e,

li1J,Oi~},iI)QO

eo

~I!'!!I."

m;f.lxitn~.llm, (itf :R~"

~ett' rnl)J1tj)

wi~)llbe.t'1!;7 to the

fr.Otill

.i.

k, Securiily

Te ~,eipl:bID':~'.i.'E T'e] c'ra.:'[ " 'GO'rt'llnll. J:1~Giii,U>o n fiiilG ilUi t1® ID,

,ot!h CT

:i!~ p!ElRQm~[rT!El8}J;~',"'-L'OOIWgCEfS
ill, i'JJ.dJitio.n t.o the~' ijj8L}'''-'l.'bJ.e .Dr'. Gopul M~m~~ ~haH :ak;~'h~ ,cnt):Ued 'btl 8JeI'q[UJBtleB
,and. !5iUOVlElnCCSl:~E_8J_

'rbe it'lJ'mplillly ~ruill, [p'I1!J.,vid.'e. ,rOr"

at the D!ro~iD::i-ir'S

:r'O'u:tTi,d, ,c!n~'k: ecurity the s f.'11!i!j.i~J@I'iG@_

,~02 en..lil.e A.01.

ChmJEmMi o~ th,e co ltrJi.il:f1l,Y w,!e.f, 1'~ Arri 20018 (~1 tile itl;;;r.ent;~ :iIi rern,lc~.il;~rutbjili '",,',r::,f, l:8t J'uly 200'7' 001 th,~ ~eITll8 !;,mdi Go:ndltlli~~ ,EtS ,:3ltHt.ed ,ll1bo'~"
of the mmetorn, ot!h.e"r thEm, Mr'_ VJ'i:. M!l:hitai, Mir" '!;/"R, Mehta, SiD!d th!r: i5l[lJ'P'rdill'te:r:, :!S eitlt'Eir ODiI:"!!i:il::T,n.oo ~[lt:e..rea:ti'1:d tr:i. lli·E ,or 'iP ITi iP0 s c d. :n:: 8 O'~l!.J.ti,(j.. ill
KOOJe"

~B

1lE~M;T~QN. ~,I :BAIAR¥': TIl@. p~,yl~ii!)le' him to

,Gfu.Hy fiJ.]rnis:bieQ ,iR.cn t Fre'[; nl!MDdJaiflVon! Hau'!lc .. b. 'Med!'i.r.~Eil 'iReil1:tiblll,~,~l!!;m,~l'!!tof

m~d:ie.el ~n~:ti {'Of ;A'bOO;ji!~J:ixtclt

A~(_"IJI-

a~t.u,B:~

nooi:filllJiHl 0f ~, 5)5'0,000/- (Rupee', ,ifi,'i,'e LuJkb. l~iity, 'Tli{lL~:sffit.Ld Uil'iLy~ :pet liiionth. ,:Sll,:ib_~~ot. lbo' mJi:iX:imlilm 0f !HI>,

,8!ggl;\~gat.~' of th@. 8aJary ;s:b:llill 'b~ i~ilJ!iI;ij~t to a

D[re.~tOi !!:II' O(I["t"LritiUill!eili, tJlIll!reoDf. ~" ~-Ie 1S;n~ I'IiGIJ!: 'lJel::l}me miliereS't.~iJ

'1, H~ ~l-~lliiI~ iI1:ot be pElidi !.IJ.ny !litil:Wil;g: r~ fl"J'l"' ,attcudiin,il:: til:te m.er:i!::i'I.".i~1S Clif '!thr.: '8oa:rdi of
01"

!i> elf rlfid

il.,'!,

]nr.~J.IT~dI in rndi1l'.i ~d dtL'i,g '~),'i)~p~tmadml" :r~Ii.1§~g l~or~~e an,.t!I ~'i..~iiS)ie;Iil,elhl.i'~ ~M" t~ruJ.'d ,.!\B:3.L::!b:.lj,n.ce UIlDC 8i ,yemr .rOll" '& :fElmi~y ,EIJi, p~r F.Q1]I,~ 'lJ'f th:::
:fOil;'
~lEi:ymiC~:t: of Jmt!!J,ir'EiTllClC 1.{f,E '11n!1:lJ,E"'3l!'ilD~, Gmup

fa.nlitr,

1 O,ID O,OOiO p!:lir mCI1!fi.h vi,'iiilli:l, 'D.r::rt;y t.B '!l::hc' h 'Board! to T-C~ i3iill,d S>!::"E t.ihc l.C'\ilds 'ffrom ti:rn@. till; timlf.:_
,J",

'CQ;m~~-zy t¥itlw~.u the pr1©r ,!jI.ppiO"''@j of cl-~.~ ~~tnuGu~'a,[]J:[l,ent, C "I'h,e. :re:mIl:Ul,e:rutWrl pEt}'8Jfu~~ to .!ill th~
Dlr-cctJD!8

I(Jthoeru,'.hse ru!l];!J~m~d dir,~c.Uyo:r tl:i mUi gO, his :n::]Sit~.,..r:'I':!'l,l sn)" :!'lcJLil.".ig,ai.~r.r1:i:yOtFtl1C in

The uoci.oe ,81'lld !l!X[lJ;!Iina:bn~ ,!l:ita,t:e:IJ1@.!Ilt:may 'n!1!' 'U'@';!IiJt~d .8.!':: an. aibi!'l.t.:r,act of th~ tl!;!ff.[j;!'l; flif ~;.pDoi:t"Itm~t'lt $,t''1i,!. paY:fi'iI@nt; Q~~T~m1)ifi~r;l!ttOw~ 0, M:t'- S .. M'et!.t~:iilIDreql~:i:!,;r.:~ 1(;IIf:L(;I_jr.:r R ooctiOll

~lve

&::iif

ODrrrpallY'_

d. '!ns.'LJ:ranc!J'::
PrnJTI,iul:l.ll

SOQ©ftile C0m~~Ut!ie8 Act 195{!

II:'I ;Bdd[~i0n

~Ol

'tlli~' ;s.ah":l,ry' ~,y,a;l;!llI0 M':r_ S-R.,

all!i.oD i!) :D1i''lcd .a1LoW1.IJjID~S ~:.

,ill,

Meht",

~llill

entitled

to perq'i..~if,]iteiii,

FuUy f:LLrni:s:hi!e.d IR,~II!t Fre;::, A,'!::~0:!l["jm'cdat~ofj..f HO!l.we_ 'b_ M'Ed.iCi3il Rc'im.iti'l.J,ir~c,m.i!".::nt .nf ,a.C"tlllaJl moo,Leal !p'~!J!fl8I!'!;!I; irili::1J,n~d iTIi Ind:i£l, ,a:nd.

,8hi.ill :i'J.ilJt ~di thr:: -i.U1I.!:l'W'lt Ul> mE!)" 'b~ payaiibk' @;,:: pc;r' the li:L1l!~~S prescrihEd! lrnaer :S~Ji!'I;:LQil ] 9i@; ~j1d Ji09 ,of ~,' ~ Act .

,a'bo","e IS;.rld

an

fi.n-i:Jud~iI1,g th'E J:)lreclli(iil~ du~ .rt..tzy ye.5I.l',

thE BiJ1,md

I~S'l.u;!i,nee,
£0[' ~I,loth

IC,

,a"brolii.d incllliilJn~ h(tiSp~t~Jj$:.lti(tiftl f!u;i:'~ii.!g, hcoime ~tl tJ'll'~e~i!.I ct~il!.rge~fur t;elf illJ.-cll.f!I.iJ-nJ:I,y" LeU1,i\e'Tr.iiwd, kw~tu:nc;::' Or.oc a y~ar :llDir
j'f)t

,I),h'eii::t.o.i.) .~~l<ill, wtllj.:i.'tlB.d the 'he to

penI1!Dsaib1e
,S;S

,~md iIi G~.::;e thr:: !.IJ,~~~~!te {If the t>t!iLrn, :mm 1]J:'.iIEI';9,tkm, p5!,y"a,'blc' tlDI all thE Di:re~tQ~ ,@~@edtathl1!' :aDjj)~ li,r.n~u:, the ,.1nuCiu.lut ~y';'''L'b.le to <Ji!J, th~ M~gillg f Jloin~M:.a:['"~aglnr; D[[CCtm I 'WhDlE: timE Di:r~ct)l)C'6 (i'l:'!ic]ud~i~l1Ig t~H;; ,:d]!1}1,iI@ 8~JrJ
pEir

ffi)iP~' :M:u[1JJal! Vi.":3!S appDiI'J~Ed!, as Wh~k Time DircC8D([" d.c;.::!u,gnatcid S!i3, Chairman of tb,r.: iDnmpa:ruy b,~ t.:llE ,s'!h;Eir'I3i'lI:i.f.i~de:n:; 'lr:i, [n~i'r'

Dr-.

apprupmtlB. ~y the: EJ;lKR., e, Club f.e~~, M'r::m'b~~iliiP' Jr.::~ '!:.!if ~.ud~du'b8

P@i'iSii)na.lt\c(!kl~.n t Iu.:S'IJ.J';ji.ftG@ iIi.fi~m.tnt ,as :ftliiRY !)e CUI1 i/l1ered

M;;::e:t:iIug he.kll
~!J!TLDd,

<l!>tL

29"" S.epleinbe:r',
~I ..

200(1, {fir
I'

8l,

,af 'i~'i/I!!: ;t'll!sn 'W'_!!!,. f., 3:!. h:!!!y 20o..~, HiJwev.iT:C'" tl'!i@. &~1Fd IDf ni:r@.ct.ors, ~in i~8 m~i;i:l:1Ie; h!~d![l'On ,30th. J.a'I"J'l.l:~:I:}'", :2008, h~dI ~-dJ@$i~l:1I~li@ctl iIlriQ. li"e~~[Y,[Milfi:~d Dr" Gii)~\'i!iJ

,!iI;B mEl)" be, c0n.8~d:en:d !:Ii,Pipru!lJirtEl.'tl~ :L:t1!C'lUJcbng ad;rru~S8j.oill, ,a:L1!a. liFri m.e;nCJibcl";!i;hipfir:r:_ f. .c,nn tr[h11!ti,ol'1. ~I!'J P:rO'!,1i.d,~n:i! Fm;,!,dj:, :Sl!J.~I1!.r,;;,i.I:1IT'i:IJJ.'.lt;cm funcJ 0'1:' Am1iUi:'l;;i IIT'lJlnd

setlf &,:E"a1I'Jily',~ pr:r Rule,s ,of t..il:i.e Oo,mJMinY'"

thri saiD! ,~imit.:!I,@)]}n :iin

(1jiIjj,01,;litt

MNJ.~al

~t:; M;1iJlag~g Elwec:t0'J" ,6l G~O Com,panj'"'w_e-J_ 1,"' Ap:r'!!, 2{] []is_

'Oit tbJe

M per :rules '(1[1t~eC:omrJi,J,;(!lJ!', g, Giif~,h.u:ty U,p to t.will' ~1iT.DlJii'th't',l, $[u.a.:t'y £0[" each iiAJmp1e~ecll::re.;,rr '!Jlf~~~~. h. LeEtv!:: 'l:nca~;j;ii;::mcnt: A::., ,p~T ir!..ij~ the. C O:rrI!!p amy 'bll.l ~ :rri.iDt CXOIl: r.: d!~iI1,go:ne mOil:"!! 'ir:(,s

o:r

oith. ~

~\

«v
i_

leave ffj{[""e.~'~Y' 1111U:l'ntn il..1he:r;n'i,;;:.e, COn'!,i\~y,FH1C~ Th~ Conrn.P;!!!:ny a.h;!!Jll

16, if. at
'fuel !be

<.Wrl)"

prrJ!Vidit: one ,fully iresizred

i;;\!.Ijj["

with

drr .... er

andl Tii!:iimbiUl:J';!iil".ment of t:h~ on~ll'!T.ationnEi.l e:¢! e!iI~e:i', j, ''Fif.!ibi!:~hfl(ll~, T,~:~fsx and li:i.ffu,i!:~ omm:mnni-, oo1]t!itIi, ~~ti.e~, 'lie :S~Cil1!T'.i:ty Th~ ,c:om~ll!ilri.r sILaII,lllf'ov!dh:-.' fl!".!!I" WiI.J:w"id rri,e cl.uek: ~e(!Jn,1;y at the Drr.~ctl')fjs ro!!:!d!ol'!:ll~(!!'.

any CB,U;!'I,C,!:; WhamaC!.'lEiI",. Ma,~,a,g:in~ DLTl".~t!ll!T: '&,

the dttet."1.uir

tn..-me,Hr. GilliPu! MlIli"ljru eeases

of

the

COrl!"WiPi!IiJ1).":[or
11i~S

rc.r-u1'wJ11L be lieiITlillttwl In '~":i.~w 'lJif ~~w_tJon MllIIiij.a1 ~

office aa CEO shaH

.LWd~, ,Filly 'l'WJJou:58lirJJd iL1niy~ per :millinth, aub1e:r:t: to rnaxinrum 'of Rs., 10,1[10;000 per
rnnnth ".,.'lih ljhef'o/ tn thl!!: Bnard '00, T~"!~W

[~ndset (be ~eis

rr.!::lffi time

~o' tiiJ1e,

'!,!,~.thr!UJt tih~ prior <.tP'PE"fj'!,:·.ill of the Central Ciim!emJILC:nt. ~. ~1'n.e 'r;::mll["'~eT..nt]0[], pnyu'bll!: t,o all the D!i:t"EcioI8, IOU the BDS.ro ~im:fV!llduir:i(!ll: the ~~jd Di~Gl'o(['l dJ,'!!:ri:n~ any J'~:r,
'!:;!"J'Irti!J!.Iiil1.y

aoo~~

M~lI~jiEi], ~~ is pmpilI!iii:!d tn the m,~~bers, tn S:PiPoove the :!"'C-8i'iPp>Djn:trnen:~O! [k. GDiPSl!,

tJire f:ioo.d '!:ih.;m~ in the :rceilll'hu1iem'lll)n of Dr" GO~I'&I

In 0:: ddltioil ,tID t~1e~@);Ii.il' ,p;Ii~le Dr'. '\I, e;l:. Mel"tn 'l:!ru.dJ, ,ni8o be e.£],titllt:;], t<!J1 pe.rG',ui~u~'e:;
81!.'I'J.d
!!iL

M(I.LJo~g

;:.;o:[ffijp~Y' w,.Il!;.:rr...1"" ifi0iieil£e 1t.L tceinw!,erutiurn

D,i.~oor !C[l!O ur.' 'the Ap:~~, 2iDO@ ;MDdJ, the

1 !li;l July ;jI!~.r;t C(!ll:':ld'it;o~~!];, ;ji,$

allowances

likerl~nt II<D::ie Aoco:mm.o-

payable aa per th.c limite :p~rl,bcd l.lndk:r iSi.':ooon, 19!B, S!~i.I. ;3ij]!;I (if 'itbc ACi! tl1111i in case the ,;ji"ggt'e~te, of' t~l.e ij,'Q,t;jij
flf:mll.L:fi.et8<:l:Uitli1l.

~~<Ji.U :tw~ eseeed

the

ruti0iLi1i'lt

,a~

:i:11~G'

he

20017
1_ H'!ll: !:;i~~ :I'Ii ot 'b e. ]:if:! id, ,';t'fIIY ,!j; it.t;i TIl,S; :~r;;e. f'Q!i' all !:.IJib:!n.d:l.:riig ti-~i'; ml!:~H~ uf. the. 13JlJ!.Wa-d of mrec~i"i(f${j(1;' C(l!mm:i.tt~~!'I: tl:'!!I.'!TcGClif.. 2. He ~haJl "ot become mte.rested Or ott!J,€T.W'.ise ICM'JcC'rn.cd .nrr-ed:l,Y' or througb h[~ re1i;J_ti'!,f~(~l i.i't atlJ! Scell.U'Lg ~~cY I~I the COim,pBIlfY without the pric["' SiiPiP["loilfal of the Ceitl1iJij Go~~-run~t" 3. The tc8fltliWrutiUiLi [jJ{i<,y.a,!}1e 'tv [liE Hlt::
Direaiiloir,8
[~EJUt',ie

w.'e.f,

lI<ujiy

furnished

(ion

1'~1ie ~e~111Sl

statod! above.

b" MedicliiJ R~jmbursement of actual :tii,edi0oll 'ex:peiWe:::; lliC!L~i,j:\el],lli m.dk\ illLcli

tdati.onn! 'Hir.n.l!sr.:.

N one

of

th€!

iN'.:R..M~]njal

con.rernidl,
ref:>OlUti0LI,

and! itJn.e ,a,ppoi:l:1lt!.':ol'!', i'lli 'i:!i1her' or iru.tere~~!::d!, :~n tl!J'c propc\S::iiJ!

dlarec 'O(!S other

thaJ'D

M:r.

!or aibooSJcii, :tnciuciiiF.Jg hO{!i,pib~jza:frio-n, I:1.t!!TB;LI:1So~e; and! au:rg;ka! h c.'ha:E"~!i; 'ffi.1ir

selfruld fb.mlly,
'lffi ...d
,~'t;::;_a:;ti.moe
B;B

c, lei;!~

O:tll,ce'a

ye£lr'

oD!.i.hc t
II3\OOEEd

'iBoDan:iI (i't1e.l11ldil:1li!!,; '[,hc.

snliJ Oi:t'ectof)

tilut'hg

n.r.ty y,e~_Ij'",
a;!'!,may ilJr.;

~,bc notice ,1311i.di, CXiP,jEiJ1,atoil]'atateraent may ~e tte\DLtr;:a, ,lU, !:.liL ab<l>tf,~!et of [ht: terms illit ;"ii,p~oLn1m~r.tt @ilU p~'W':!Thei1t ofllem'L j'if€!~(i;tl ,- 01 D.r'_ tIS.::ips] :r;... J:I:~jaii SiS :t"8qUL[:"I:".d. under' h aectien .3 Q2 of the (.;ampElr:deB Act 19515

aelf & :liami1y' Go:m:pany_

pr.:ir

RU!!e::: of

fart, the
4,.

J©i:il,t MM):;i..gUlg DL.re.j~to~ f Whl~le tL1'The Directors tir~rJJl1ilirl:g the abnve ,l>EJid Di:rector'l shain be :!'"Cdl1Qr.;-d],to [b.c ,BnIm.m~ p8nTI,[:ti~iillJIl! ;!!is rl!!X th~ 8aicJ llmita and in lSudl even the reTI1.\l~e:t',. t!ii)i1 p'''\Y,;:!I.ble to :SUJch Di~dom 'Sih!:.IJ11 ~~ :1T'Ie.duc!!:d PHi'pliJl:rtlOl"J,a:t€'~,y 11I.nle's.::: otherwu,8lri ~@c~doo, 'by t19.;p,: B(!I_:;fI~d!(!i'fni:~ct:Q~,
'Mi~;i:t1liI!.1~

Di:metor"S, C'_"OC>I:i[;d!:g, SilbOOi!:' :mirlts, tihr: th~ h a,IJ:lm1!:Jrt ~-aJYa1::Je to aU t.h,(! :MaL1!a,gi:I'l.i3: I

p(~yf.ll.bl'!:! to

8<11.

tfiJe

d, Inil'i,c~_;i!IIce .. a ,~miwn £br

,~ilmUlilE!!.""l.a:;,

l~h;;J.}JJ'!iei1~

uri'; hL:>UI-i.UL'Oe.. (,l'I\!J..UJP !Pc irS 8naii ,AoI:!Ld"f:nil: lnauran OE :~i:1J' tan>c:'h ,EimmlE'!li! i!2l!!i l'i1EfY in!!!' IDm'l:!tirlil!r,~dI

'Of Iueu ranee

ahall nat

'['hr., amount

lP8\ilable as pei the !lii-ruiS, prescribed

'UinrliEir Sca~:iol.l! rC'[1l1n.l.nr.'ir,atinn
a!lTi'.l!D'lll

],198 ,BlEil

309 of the Act

Dr, VJ;;L Mirihta,

waJB

appoj1"Jledi,

BE

WhJlli:UE

,;lWj;lQ~Iii'1:"Ii.IIe try the ~"'i.i:ldI. e, CIUlllJ' fp::~-l> MelILbr::r.:8hip .fee ar! such dub:; ,SiS may 'DC conaidered ap]piOOiPriailrE

:RlC:~1.!lnC:!'"at.!orilin tl:"!!c:' C-"'f:H[ of. 10~s, Cit" l~~deq'_!i!iicy of pl'(ilf~ e, the: ro't;jij fem'Ufuefa.ti.c.li b,y wBl,y &f SulE!t,Y fJdltl pr.lil:eqU!isit€s EL8 :S'P[;C~~iiL-d. b·O".i'!Ol~u.bj'Eic!i: a to S~r:[itml1 II >nfPart U of Sc'hil:".d1.l1@ xm '00; the' ACii:, or ,::H1l;CLi:L oitt:i.c:r :~iiil1l'"Jj:ta as msy ba !l'i~~.c:i:fi;i;ieJ thi?~i,E'!I ff.'(!ifn time '-!JGi''t;im,e. boY ,;J!.:r~y ;j.U!).'emttli1er~ts UliMIet,o"

[mil In ease the: ~g~,M

all the :DireetG['~ eseeeds the ,~_d)Q!!,I\e wnJ:t!},j" (he

n.t. :p a ya'b ~ '00 ,ell ithc. M SiJ1.a:,g:t; !llg: c'

'pEi.y,aib;~c to

af the total

JOli:lt M lj"'!ag1:t~gDwee:tc-£'
Diret:iilor.::: CU!llctud'i:n:!ll tbc'

! Wil(l~e

tifi!le

Sliti.m.''r.' aajd,
:ar!L(I"~i1't

..-t:hn~ Dir~t::tiL1r dt:':;i!!;!;n.;.ded ,blf:i, Joint M~],i'J~,illg,H)lfector GtE the Co~;q~'lliY ~y the t;hf!telL,oM~1f"S, itL their Mec!:!:W1;s,hd.d iiJiI'l 29"" Seplier.r:t'!Jler" 2003 lOt"iJi,peiiQdJ 0'£ fi....ye.TI'S e' w.e,f, :3 ]_'; Jlj:lly; 2003, H.uwe~'et'. "1£: .Bo.~!I~, $ ~ 0 Di~ro;rc!'!i 111. 11'$ rneet:in,g hel[:t(l(l1. 30th
Jan,11ISiry,

:[nc:ll,lll:li:t'!!~ ,:;jiJrn!:::;aj!l)l'i. a:nd li'f@ m;em b~r~-

,si".tip fee, f t'fjlntribu

~,!<i p~T 'I:'1'.l'I,e.S (!iflh® OGi!l'i:1,p~,t:ly .. :g, G;-JI!"Uity UG;I'to hi!:ill ~ mClf'LU'J;® :sOOill.ty ~~,

t~l:m, "bD' Prov,~d;::;n~ IJ<'llnd,. Sl.l~ra.m1iilJ!ati.on 'fiU!r.id 10[' ,A:nm.lit~r fund!

.s" lJru~~ ,o,tl1.oef'i?iiise ~ a .. ;'L'l0~

Whailii!: ti:rn'8 d!iT~r:ilJmr

,clIecldecli i:lLu:hl.1llily bet"l,!,~n. thr;: D:iI\e:tto[" ,ElF.id. tbJ.€'B omtil, 0 fD:iri!: etmil":s,;, tt!h.eoffice ,aB
:may iIle; t,p..n~'.ilnat@d

~ei!.·~Qd

Is

mreetG[,} shill be :rech~~l ttl, the

iPC',rnr.jj.:!l;9"ib:~e 'iPeT.d1J.€' a8 aajd bm[t)9 ,B.:t~.d. jn ;!'I,l.lCh ,~ve:1:'!i thl!!: ToP.:m~lI!1;i!ratit~i'lJ'li ra"'aib~I!!'it;(11 f:iudu ,[ii,itrecbL1r::,;~uill bt:, ~I,;loed, G;!,mpil..1irt.~m1!:3INi8GY 'Ulnl;e8S oth~F!N.i.Si8 tl"le ,t~ii!ttd of ,Ditt:.dllrn, U ,dI~ejd~dI

hSld 'nr.-siP'ponintiCid! DI". V.'R_ MehtEl. a;s J'olnl:: li'l:anugj.n,g Djrec~!J[, ,ei thl!: fr.im.pEill~ w"c.'L 1., Aprii~, 2008_ ~ervkes :n::ndc:rod! iby HI:"'.. V.'R_ McJ:ilta, !the 'iBoa:rdj oDf ni:re0to[1l. the IlJrnmpSii'l,y' in (88 meding :bJcld 0:1] ,29'L OC:~Ob>i:T, 20Clf7 aiPiP['lollfod! s.nd! :n::v:i.:::i'l:id the te:riiI1.~, &. c::m,d!it~e([lI:5 im:~ludJing :remut'ie:ratkm P~I.::{~~ble:Dr, '!l.R. Mehtil. ~CIt" to n:m,ajn~;::T. of bi~'leTIill;::;" "N, t:.1', ] Ii J1]~Yi' 001. 2

2,008

leE!.dh. oom:p~I::~1:: d yeEl1"' IJl:f 0::: I!: if"'lilJl!:. 111 LE SI'.!C' IEil".I'cBshr.:m EITt A:!i; iP r.x' ru lea nf thE _ Comreny i!;Il~~; 'i?:or0e~d:i:l1!g ne 'I:1'!i0l:111h'8 t'lO o

'by ,eitilet' ~xty 'lYf :W..rii1g 15i~ m0n1~ls :rwtl.ct: ir'l "WT:iciriigliJf.su)ih ="erurmtiiJji,[~" 6, Cf, ;Rt ~l.tlY thi~e"E)j;'". ,RMellta ~es V to
b!:: th;::, d!i.~t"Dr of thl:: o!JanpElJl,Y l'br uny tern-llrilw,Mtil"
In v~e .... (if thr.' " sS!id c'h;sngr.~ in tfu,~ ,de~j!f!:_n~Jt~(m I :J'ieml;!!II'iii::~Jt~(ion 'Of Dr, V,'R:" M,elitu, it is, t,!I.i:101..i!O:liro t'l) the :rfiem'ben:. to what!liDr.fl.i'ii:i!", hi;!!; ,ad:flii:::c' a8 .Tarin'M;)i,n0_~i Di~i}GroT ~l1I~,l1f'Onhwi:t)~ to€: 1:11~
,aaU!;lE8

'by

I:t1l

ieil;:ogn:i:t.i©:n

of e~celle:u

le~r e rOt every 1 i flJ 0 nth 'Gf®eITwe. ...

Con"''(..'J'!:iinec
iPMvidc

],'

of

Comp.an.y ,~ihE!U one :fully ~iI1a'!ll'rr.d.C:U"'i&'1ilh.dr.iVCT

'rb~

;JiJ'.J,d, reirtLb~~rnl1il1.

4_ Mir,imum

RemiHn.ers:tLoOn in the; e~nt of ~O~$ {iW 1r1l!iild~q!1.:I);,i,Gyof ~(j"cofl'I;!;i" th@ 1;0 t,5i 1 ,

rernull.ern~~en b_::,r "N,8.)I' ,of s.bilBlI)" .nITicl, IP F.~qu,i:~ilii?!!i ej;,iJ'j, $~®GiT!~d .a,1J,Q~ ~ui;ij~t till i:S~otBon l.[ of PSirt 1.[ orl' i:Sdl:lJ!::ci!II.1~;::.x.m ii-Ol ti"ie Ac:1.~ O'F. i!JlJ<c't:! O't)'lIe.'l' Hm ita ~~ m?\y '-;ie :5,~ciil;::d. th;::rein lImn ti:me to bm~ by ~~y ~,m~Tl;G_m~F.:It~t~9~~tt)_

j. 1e'k~p:n)11ill!1.':. 'rc1ciEl}( ~.n.Q!i]I!lhiL'[" Ci]lmmmlm~,lc:atilDn fac~~uiti;8S_

k;"

eNPeflses"

0'£ ~'l~ 0p0r-af 0n@l

l'he ~aid ter.ftif.i

{lGtliQiti Ui.t1i iii , iI~eh.l~U1g l"@m.l,l:J'1H1;TEltion, iha,'I,iI8bG@ll a.lM appmvm by thE ["Gm 1J!I7J.cra iJ(n, comJ!l!'.liti.e€' h of th'E oomprulY" tli"le 'i.lb<:::JU"Hd iI:\:::V.ii:;~d h:n[il!i &. (If.
&; O(I\tliI;jJJtil;iiJtiiii 'W;)l,~ 'C('!i.ftlfil'!Jjj~C~tecti aa, Vii!:~ :5'8C.'t.!(!Ir.i! 3012 CiftJ18 ,Air:~ ..
!l;1'

~cuti~ The !!XI:tt1pMY ishruJ [p['lQi!,I'MJe ~(t;t :rr;n.. th'e {:!fK;.k t;ec:utity fit thr;: Di.w-:t>M'lJ'I";t; ~ld,
:n:;s;id:r.:[],01:l _

,appro ... trii!:' 'te>-al]lpoJn:tmen:t -);:'

a8

of Dr.. V.,17.:.,

'Mdhta,

5. Urue~!j] otberw1$e ilL :~iwrter perli£:,d ~', d.oci di ed, :mutu.aiiy 'iDet:ow.Een [h.e D.EfI!:ctor
BI:laJ"'cl.. '(1(1: J:Hreeolrn':i], the rnfIce QI(!, Wh.ok 'il:imc' diirccrDiJ[" :may 'Io€' iD!3:imI~n;s,ted. b;y 'eitli'i~ part~ by gt'ifJ:r1g i:rt rn,{lfi(!;1 "

~le.m·'J!!!t'S

B.

Oi"BER TEIRM]S .1" He aJm31'~ [Lot be patd! 8L~,y' aitJti:ng

,J,rnin~ M,anSigi:I:"!!i!!,; DjrlDcitrul:" of tfu!c 11J1J{mplli."lY 'w_eL I" Ap[",uI:;;!!lJ 1)8 !:rn!d t!h~ ine:t"i:::a8c' i~, Ire'mu~.c:r'8.'~~I:i(ll w.. .'L 1st J"u1y c

.attJ.'!n"J~ng

~ld the

A.

RE1IiIliIN,ERA:T,[OU'

Dlrect.oiiJ.

thl~ meeit~n@l!'li Of C!)fi"Uillit~eel(! the~f,

m 'rne:

fee :[o:r 'E;(!Ia:rcil !!!if

'2007'
NIi:i(l1~

(;1[1.

the 'toer-ms an.d {:Qind:l:tion~",

,@~::!;

,t!til!.tbli a.'b;ove, (!if

notice

jn w,rimng of ,such t€T.,rnTiinat:i.on.

'[,Ire ,f!W{~gttt"' o[ tl'llr;:, ~ pb1YFibil!: to him :sh,8I.!.1, IDe :::II,;I.li!H~r.::t 1i:rD' III!~[]irn!llT[ii, ofGi:::,. S'i.50,(lDOj - (!Rupec-s ,~'"€,

iJ ;~y;

ithe tdi!'"ttOOTlIo

onit~l:ier' t!tL:BJll Mil" ..

:2;" He 5h&iJ.i fi©t be!Xiime LrL~eroot;e.ct 01" 'otll'e..ru..u~e oon'ticm~d dire.r.;.tl,y (jJ'f ifuru-ugh

:ihi:s, rdafci,~js~ in ,aI 1Y:s£ilWirng"B.g;~ncyoliiln.c

1

S",R.Mehta" Mr', ¥'"K,M'enta ,and U'tl'e '~lI.liP!"J'lriA:t:i';; eitIl'e..i." O!:!'l~ti~,ru:d !"J!X' irLib~~b::>d i:; :in. tLtL'fi pilDiPo::;ed n::soltJ,ti'o[],.

~\

«v
'l'h,e. :notrtii!:' 8ind 'e.2l.plli!Xmt!J~' stllJile.ment :iiJJ:XY b-e tll"<e~J:~~ 1II!6, fil:1l ~ bstraet Of the terma of a,pP'D.in:ll:men:~ Sinid payment -of tlB.fI:"Ltln,et~lt~.oiF.! to Ili.... V.R"M.-eMn ns ;r;i!l'~]'i:l:'~d te be ei'r,culat;~d_'.1Ir1!i;J.'GI" 8l;;LeO(l!n 302 oHhc C!:mliiPi!IJ!.1Iie~.A!c~ l'~5ifil. C., U:8i,"'~ T.rE: ...~l Mlliis!::.i!LI~tie (liree. U,}retlII" JOT self & iis!l:r.dly- as per R'lJi~,ea, of the C©ml'!1a:ny.
d.

1;[~8cl~i',ilnoe P~ll'.f(ie;i:""i1 cot 1;[~8U:i:',ilnoe P.r'1!:m~nm lUi!" Li:~ Ir~:3'_lr,n:ri!:li!:, GrlClu,p If'.ia,UJil":3if'.i!lOoTh, :P\l:;;r!:iiJJ:L81A(!r.~d)e:!l:it hl!!:;"Ul',::llme: :fUi" eueh ;Ii[ffiO'lc.U1'C as ma.y be 'i)oi!j;S'iil~~j;\I1l"l

niw~tCII':8 tirw"1ciuding abe above :;Ericli D:ir!1!ct'c.!rj 8balll~ rr~d1l!e:@~'IT.! t.i.~~ aw.i01_J:nt. pt:I'm~:,mibik: !!iI;"j, per the !3!illiid,iimit:s, Wlil. :in Sl:(j{~ ev:>en the lr-ern~J"[jer;ji;~iJ(i(i1. p.."),:y,~lti~e '00 ,E/ILl'chDirectora shall be :redueed pru.po:r't:b.!C' BDEilrCi. ofDjr.lcc~to:r:::" 4" Milll:iI.'ll1J~Uir.i, 'iit.:i?IT.il.llli?T'.B,tion. in tl:iil)!' '~:l1l~
L!Jlli'::iJ

]'!N'!FORMATUlN HE Q,ARnlN6 ])IREC'm'O'l~:S :~~rm~.KlNiG; :RE,APPQINTMENT

'ti0Jlalely unless :irw~u~Y

'otheM~e
iillf

deGideJil 1'1
ruff'

M!"_ Hiraansbu ,Jail:!! 'Wa!!!i af.i~n-md a:!I; WhO:le time. ,~Lo:r' d~:ci:.l:,',EI£lJtW !:.ij:; ,~outive niT,«to:r C!ift,hG Company bY'~h~~]illfflhoJd~~. i:tl lhei!" M'eeting ]'';i,Cd;d ,om, 2~ SeptGtn'~eli'. 200;3 1~1J{!I of :!t,.re, y.e,a,rs w~.:f, ] J"I..$'I S ,:;}003. [HjCi/;'OIE;1,]\r.;:[", Board I[],f Di,-;:::oilCl:rs :in :[rb!:;, :mEEitin,g hfJd 00, 301" J's!!.T.i,UJaxy, :2illilJi.B :nEd! 00:--' ,il!.~lr~retl :Mr. Hlr(~i!!.:fi$blu J[ml as &.~;;:;'1Jti1,re

appwjJi:inre
e. c~lb :tEi~ aa may
:Lt1;dll~

by trie. IGCiaft.t
Mhl:moor,~hiJ!' l:ee or srach clJ1]b8 h~ ~!l".!n!l;L'jj!1!]'ii~d apra'oap:nSiii~ ;J14rnii~~klfiand l!i~ me~"j]H~:!'i~bj,~ bel PI'O''!l,~d.c'f:i:~ [Fu,iIld.,

01"

Jl(ru!'if:;;

r~rnU't1i~T,at:k.![],
p~req'Uk;Jt.es

hy way

iIl1e ~!Jitill,
... 'Ell.:ibijcti-t ~

IfJf s;!iBary anoJ

~o

rOf ~

me'

fee,
:L COillhibu:tkHl
51J~fl3!~ m)l~;tklTI. 'iiI.1mjJ, An:11I!l.~.i:'ty' Ft~Tu;iJ {iif

'W ~C~i;O([lI 1[ O'f'~'~,tl;. n of 8;GheiJ.,'.iI~ XITI '00 the, lte~; Oil" ~,UJeh otn!::;~li~lt!3 ,E:1,:8 may 'be s~ecliTIJed ~'lefeil1, frni':ll 1ID1;l1'! 't/i) lllil'Je 1"1

!.Il.:.:! ~p~cifu:;rl

D.ite0LCit" 0f tl"~e GGmf.2illly

2008"

w.e:.r:

1'''' AptiL.

OGlfnpil"In,y" ;g~ G~.hlity HiP' t.o half SJ,JruJII:lth.':s ::l~a[J{ l~ai:II:i, OD([i.lp'B~t,~d YoB:U' of .!lI~~i;i:i~_

as ,per rules of the

:ri:1r

~ rec:.n'g:I:1I'ihcm of ~:;;:)e:!l!~]Ent 81!!'~t(!;f.:a, n ~l:'l!de:l:'i?d t:rv ~",11f'. Himanahu .Jain, ithe Hoarn, of DiT;i~r:tiJI:~[of t.ihe !J::I!"Jrn,palry-in ita m~:etiug

h. Le~ve ,err~!i!Shet'tlient Ii£; ~e:r rules of the Ci;j(Uli~::.uJ)" hut met 'e.2l.'Cet: dirig ene InllOI1,th;:;
:[eave
i,

,held

(iii

,rel,d::;lB.u.

291h Octob~r" 2®Oi ar.ilpruye.d ,ftl"lrl, thee =:I1IT11~ &; {,0'i1rutruitl> ll:lCl:urlir,g
[p.@,y.a.ble
tIC.

retf~tlrretiiltL0fL

Mr.

I-li.;Y.!:atLshu

:ru!illlinth 'of ar.;-!lV,i,oEj_ Ciilil:,!!'!,I\G!'yall1C:~ TtilG Oi:iimpany :s::,'haU .~M'l,ride CttliefUlly u"lS'Ured ear '!ilfit~l li1.ve:t', ~ and 'i'dmbil.lrnem~n~ tJJ.~ O:Pl!:iI"!2it~o:ruoo oJ
f0!'" cl,"r,;:~ II

,a:r1JY ;!iime:ndrE'Len its tbi,CT>i3: itlJl. ,~" 'Un]Il!',a;!i: ,adl~rn'la@ ;8, al:,!!CIir"t~!'" J.N!:tiod Uti: dt:~cl ITLutil]E.illy ~!::~D1 tlit:, Dir'e.c.ttilX' ,al'!!d tilii~ !Eioa:rd of Dilr~e:iDi:iT:,!1;, ;j)::IIIii:i~at!: -'tie whuok time dkfi-ed:o[ ~y 'be te:rnlli~E.Lt~dl 'by ei:the:r p~,tV 1;1IY ~i,vit"l~ ~j:l{ month8 'IJ)Dfriee in 'WTitl:ng vtf!i:ue:hi '~ermtn.atii~[Ij .'" 115" '_'f at af:iY time, Mr. Himanalsu Ja.in " eoases to be the dlrooMt af t~he. ,rntl~~1y { fa.:r any' C.B.1J!SIl!',a; ""ihats(!l~VI."!l:, hUB ounce as

Lk. N .:R. .M'lLmj~; E~m, :~ill :~,952; J~, ]l(I"!Ja:rL,eti:L'r/ Dkcect·ot' 0f (he CUfi:!PDtI-J aflld h~. ~eet"J ,i!l'~Sc;en!ilted '';&'iit~~, Ql;Impa:ny ;!j;Ln~ t 1- '12'·- :l:98f1,.'&1!@ iti: 12lM~ly' 't:h0 in ... .hmcl, :~n aJ~ fLU1i.oti.ona"i, areaa ,of management o o:f th~ otldi:tpmzy £tl1:" th~ .li?1~~ :2:2: reffiw""::.;.. He h vlit;~J!r:;et~dd"~nt 'Olf Ni(lT'th .zone Bltlk D.rIJ.:e:: M~.n'l1lr~_C1J,;tfe't' j\a:!llDcl;!JitL'D.U of b'!!dia, and ~i::c-J.lIt'r:aidil:lif'.it ~NQI'th~ of IDMA <.mil. metliiJ:lir::r' IOlf ,the. .~h8lrmi1l.'!:ieLlli:icnJ C(lillfruttee co£CIT.

]Dd.-~

~'buia'tOm:B: litdi. :;: lJ'lc.e Ctl!ait:tn.ttlo"i

:;: D~e.{ll!i"

biii_m Bib iSeie:i'i.ee :Ltd.,

C:bJdrlDBllll Mcmbeir IDif-tile commH:e:c 6f djr.e;eto~l5I, ofiti:hiil, CDm !(:I-a:n!1I!!s:~M,e~lb-et' of R~ifl1lti:ile[,oil!.tlOi!

.Jairi f~iI" r,emsjndicr. of h~8 zerma '\\'i!" e.L 1'''' July, :JO[!!'!" Tlllc' ,:saidi 1e;rmf:ii!l. &' c-rm,dW:L'G(["Da, :~ru::ludtn@ rerni!I[j.c;:raJt~[jn have 1roi:t!'"i also apiPro'ilCid b:y' thr.: remuneration committee 0:[ the ICO:IT1iiPany'_ Thr.;: a'bsfi.T3:cfr of !OO".\'ij:seol 'F.lEi!IT.CL8 &, c®,ndit:I.ons W,8;9 IcOO'["~mJ]n:t,ca:red! itro :m,C'mbcT,~ per Scetiuill3il]!;] o:ftrd,€',j\c.'t. ,aB

expensea.

,~(:liti1,!'e.

Di.t~t1Lifi(~ shall

f)U~:thwith

be.
Ind-Sw,iflI:
~HII~i!!!f~e!!l'

T~~er-,'h,o'r:!.'e I' Te'ief:l)_~ and '1}'t~1e! {;!"},I(~nutJ!i{'E1 n ffl,ejillilti,e::;, ti0 k, Se~IUr!l.ty T.he oompanJ' ~in5Li.i. i1:mClil!:i.dr; :fox' !"ffiJ'I:'!IdtiliJ~ dMIk' !lll!m:I:rit~l at th~ Diror:IDi:i["~

t~ ITO h'l! 3iii~ d!_ lin, ..... i,Ew' of thll:i :said changea in '[he deaignatLG'LL fleiT.LU;tl,eir.atliM 0f Mr. tTIfilffii1J[>~mJruu, ! U[ us pil:·i.1iPQI!I!I:ldto thil?' :I:1'1!cm.be:m 'on approve Ul.e: :re-aWl!ll~tliil,ef~t ifi(~:M':t. Hkfiilww,nu, J;;Ut, 8.!1:EJl:~ll!m:I,ti'!lll! Dirnr:iDDT ofthl"! oompaf'.iy ''W'_I!!'.f_ 1: Aluj] 2'008 a!El!l~iJ lnC:!r~88@ in ~mlln~r'th~ arion '1,I,,".eL l:3t July 2ilJiOi' ICla:llth~' t~rm::> ~,di

C OTtliru:i i.t!!!!!!

]ltd,

~ M'@i1fJ.l}il!t'

(fII S1'j;ji.re:

reg.l;f1e nee,

l'rS!r.tSff.T CC<:I.l:l!!l!l'.ii.tee

A.

:~I!iM)lJ,~iel~TION
:ij ~'LAR~ P;ii'Y.iii~J~:
m''''
,I,ll.,. '!J!j

O'1rl:U!~R E~J~ ~ "f

1., He !li;h~iJU~icM be pr_u,iJ r 1} SJ:lIl:ultg fe;e ftia" ,ELttendiill,g tihe m~:~tl'ng2J tb.e ,~omd!, oF' o
'ilin1!cto!'":!'l, or CiJnlfiliil~Ei@.a, :'2'" He shaiHH IDiot
b~DrnI:tH':

l ... J;::b Wi:f'Y ThQ;IJ~aTltij (Yn]y) per l'fi,(i(J1,'~h, 3 ~.fbjec:t; to m;axii~',lI1iTI ,of 'IR~" 1. O,OO.OOi) !)0:r m()[i,th 'W:itL\ 'lii!;i~J;"ty tA:! tl"1~ :Bl)e.Jr-,:'J.~(i< IT.v:i~ and a~t tl'Li.'! i~v~l!1i 'BT-.nm. hm8 -jJl tiJ:'t1!i?" :i:I~ PE~QmS'tTES

'in'le ,i5im~e,~;te of 1Il;l1'! 8iJil';iiZY to him sn;jiJ], '~~ ,~m'bj,@ct djQ; oil 'I'm"om ...~'n\... II:: '-" .... 0"''' t- f""" f'I"'''''' '''''-,"'""
,~~

,cond'itlO~;fj::. ,~;sst.j.t~l.al>o~"

t1li~!'"OOf
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OT

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r"

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'(1.['

,o11i1er,,?,-j~e !iXlillGe ned (Hl:\ectly Cit" thN~ gl'. ,~:te~ ... .t::.;.l hl !:JItly' ~elI.:i:ng '.J.:g~:ii'eJ' e of.the
ICO:rruiPilly' ',""Btf.iDr!l~ '~he 'pri.o[ ,appro ... a '&! t'11:i!1!' O~~,t.xal (l;~Tnm8nt.

~C~OS '(II!:~lIe~ 1~1~ Mr. HEmr:lam.8!hu andi, thc' .appo:LTIi.tec'j ~8, Il3:oith.c;r

~1e[le;sted

UL (be; pr(!l'pl)®el~

®:r

:re-5i[jlUJtt~D.1:,!;_

AND ,ALLOWABCEB,
~i!I];(!I:ry'

.'3'" Th~

~1:11i!llne:rathnn 'Pa}":3i~~!1!' t.o

I)'n

In ~ldldW01:11 to 'the' HimElI!i:shu ,Jwn ~h~

,£1.,

1~efqQ~8ite!ll@.iJ.dailQW,;iiXlceS 'like':-'

~1~y~!tb<1~ 'Mr" .a:Uso 'be l!:::ntitJ;:~d. ItCI

DLreC'toi"!S.

the

Be~~.rd(iItChlil~ iI"1g the

-iW'}' yeltlT',

.an

t:h,~

.Ii!.'bo,~ ~rid DID~d\!JlrJ dLrr:Iw""lg

The noti.c-r: ,a:tiid C}l;UJlsna,to!ry' a!t&tll::mc!I1t lllay be 'trente.d .•t; Elfl ,il!bJ~~['a,e.t 'lilf Ui'e. i 'ID~rn1.!i: .nf ap~m[n.tm!E;n.t ,:=.md. ~laymi?ITt ruf :i'"e.ULlIllle:mtWn ttl Mr. Himrumhu Jmi R:.:!

Dr. :S.,I(, MatJ:ulr"1 130m 1..:1 195·7 i~ M.E:,R8. M. D(f,8a,.d!ia:~riea.J ,a:l:1IdD. M_ (EndJ!lerino~i:\_Il$)" C-:l:e ha.!1: eslrnecil, orlIt ~E:~',(;!T,El.:lm:!li!.~~.rlc~, w'0~k ! FubJ:i.cation.'B., - "1""" '" P~'iJ,",en"'Q. ~ - "- w ''''j'~ ' ....,. .. _ .. 't: ""'::,;....- ...,,,,,1 t • .. - - •~... u~ I !Ii. ... 1';.1.":5 01::'; ,.~, ~ Dl12liti~X:i~~!?iil: ,a:I:1IO,RndC!l;:!I'i11l01"")gi,!'f~ :iTI! a l~adiinl": hC'Spilital ,at pa:nc.h:lrulSJ_ He i.s, cha:i:mJEill of tih::: S~'1!i.U\ehit1I,r;lerf hw",e~t)l)[',l> gdevaqr.!'e.~ CotWiiittee of

th~ comvill.ZY" H~ eompal1.ry-.

iB l'll0t

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i11re~l;or in @fi-¥

other

b.

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,:s'!hall :r:i.O~exDOOd! th·e amiJun:t a::: :may 'be p~~"l~i~~!'!!' p~f '~h~ liu:liits p~!lCli',il.~dI ~s
U:fid.e:t', Seelru 1 ] 9~ 81J:!!!1 ;3(i9 'G1'
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t~re Act of the ltoti:HI

aU
the:

Mrs. N:lf~!al ,'\~\Q.:tw{jl" Emu hl ]

Cbe:Il'lU8try (HDn,,~_ :ScLr::::i!ltJ!5,t: / ,dl:l'!:o:rn i;"j,t

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,iirnut!luiut

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't::be~.:lbli)'l.re :!±rnjU>" tl'l;e to <ill, thl::' .Mn:n')!gmg !

Fm<I·Il'iiil-S.w1ift l?:I.tJ"oe~ Clla!!J.cill~~b D\8Jtcd.: 23-1[I..s·-~200a,

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ODm P any' Sm~rebsIJ.!'

D~TllitiUry', CT. :S~"i~ i!'l1 :tln)'~ m@m~t' OIJ.,m:[1m.~!l:fuE;!:l ~!lJ. Bn'y 8Ithcx'lcom[p 8!!.'l. y'_

hi. &etltJri~'

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The J3ln81ITl. h2S r:;8c.o~m!l!:f:id;p.;di a di!iv:idJ!!:f:iorl..if2.l0 % f [i.e, ~::1_ ij,•.iI!il] per ~hnFel ii0f the ,Y'E:nrunder
Deillil'Siblil..reihold!em

ocrJ!di busir~.I';:~
:~iine. with

W:i1!rxi:rnnm ~qg[,8:pbic,al

;J,e."W!L.!:!~n~I:L~ ~emn tilli et:iSUJre IT.sc:.lll :ffm[ tLl:ic 0nmJMilty.

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oonsi~e['~Jkm., Thie ,iJlViclenci,

;!!lit th~

if!,~'p.~M'l,re;il

b~ the

iCtlmpEJ.:El.Y hELS pileE1:£!~rre OcmpaF.i,Y'fo.T' ritir.'jitiiSi!l1!l:fial 'fESiU 2007 -O:H.

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;!'l:i:1J31ffiI:'!!O:Ld8r.s: m~l:il:iil~ will

'8~;!Wil'ilg aJ~:l'iIll!al ®).'!!l:i!eC":!!! be :!P~~ t<DI these :::In)!ljren!lJ~der::;

:~tte:n_gtheiletl ln !h:~ghEii!"mJ.lIIJ"dD er 101. ,GJ(t;~8ie["fill'h~@$.,New prod' et .ae~relQr-llie~t has : been ,~mO't:i-~;::T jk!(.."UI!;, W"ea ,Emcl. eampany
Reg"ulatCit"]!' de partment

the

T,iI;~Q!1li['j:: ment 0:['

w~'II(I""e names ;li,'p~II;:aron (be j;'e~IDtet" of mernGcC;'r;.::, of thc c.nm:p811rV as, Qri. the ,dia:itt2 ,of OOQ'k eloaure. ,.,..
ThE CilJmpa:n.y'

a:r:ray of (YfC rr-.nfi.le 'prud.UJcts ooth ill t(~.bI.e.t fiUn:ii. ~~l~" Sa.cl:'!!i!'!tawill 'bE S, :t~r.w:p:md'Ill!~~ !in~ t.ii:I;at will :ticlp ,erll~ru"1G;e PtOOJ,l~~t ,prn'tii;ili{" {1ft'ei1ng 10[' tE-re
iint~l:!ida t.o ];f.I,Urld':i,
;!!in
'CI!18itcmm:'-!:>.,

tn::: ,.!fi.u

'the

~tlI1Iitl]itdill.

'iJer.ftil:twmtil'UI~: uf tht:

CIl16i1p,illL}"

ftl(f

the ,Y'~rn- ,eirld~d 31';' Mltrr.:;:h 2008,

b, :!i1..Ui:ttlmnsed. ~

lbelo'W~

Ulirl:pElid Jn~~ ow Edu~,fljon ,!ii.nd 1P~~ec:t~C!n fV):1!it

2i[Ii§-C ©:f"th,e,Co:rnp8:!.Tiic,s Act " 19.56.

iI:J..a5; dlr.pnsib!:d '[he l.J:nc-lsJIlWdij' div,rclit:llcli i!:!(I" the yC!.lii" 199~_;11-:20001 intlLl

~,M$

tiJ :FnrmiWaJtio:n.s!
o[]rnpaX:i:Y'iI',
Com'itll;:;ctli;Ji"

B:tm.i.:D!ell!!,

Ti:ic.; olJlPll:'t"ation8

:i:\trtt~' c'!!!lth {:O'rfll.fl~ciffil

T:anzani:9.
'~d.iJm;Ji,r,

ba,VIl:: been

O!p~~,~'U@~!!i'

,ana, Ni@,;:.:!r.i;9. :iin, ,Mir.iCELj

Viet~j'fj,

l.i.l!.u;[~ch·0f' the

;!I,t:r,cll1i.~hc:n.oo.

'The e:;deflt oJ tI"lEtt ~ky-:Z;0f,a:p.iJjt,5, g~wni ..."b.i61, Y<i}1.Jrc:om~lllY ~:';[lJl; ;!!!_~~:i'I"~d illhl~iUi b@ j"u~t:ifi.sbly perceptible B[" 'IN\!' g)!l1I],psr: 8!~ '[he O,RG l:MS
I'

J..o.mk8J, ~iI1J\;::J.lB. .j;md, by ~'\oc hi.e'i i.ng: OQl\Jlfitrles"

;E!l_1Ict1,Sr! iI:~1: [p~' wi tih. w

k;[;jdif:i~ d~~ittiiti'11!tL1ir8 'fi.1lr·tl:'ll!l'!' F.ra,t1~

Phof:ip-

50;8,1 ..13

,year' 2C 1).;1,·0.5· wtueii'l yifiii,;it' r:l'J~];~@d eut 'i!ofj, ~~ :2lJt 'th~' 119'th [8.u1 ~Eienly walldng the itughltrO:P!3: betwe;et"J :t:ltii!J~t &; ~TeSeri(. y(lUlIt COrfl~'M.Ly h~LS 2ehu~rl tii~ 3.5th raak ~mJ!'Jn:gtnr ,":1:00 phEi:r:WJ2 ind!iill!litnt.~.B:En 2;1J07'-0'8 1!IJ8 5:b:llitl::d by toor report, !iiitmilti,es Ql)mp.a]~ pc081,!ion.
f)l)i." was

the.

Elil'..ciQ'P'lil ,[jin.u ~nbd,j,l :i~i... olJ~:

@lW{;tl'~

Y'i!'!men. 8!~d Ul'iE, '!n ME~ lYIlold'o';.rS!, ,Pi.:z.e'r-bajjS!.1I1

arid IK_& :>':;')ldwtan, ITI CI;.S. ~l~)efJ!l]J\~l

'I~'[

tenders Bn 'Sri Lanka W~B, ~D1hG[" ITu,ghtU,gb.'1i: 'COif the 'GEU _ P'O CU ill, W~ill, i,nCl:\e~,8~d {in ij:hoe k<l'Dn l\:mencEmi. IIJ'perniLrma iru uuili:::r ttil e-:q'!>Bdii~~ start. 0f C!l'.!m:lJ;~~IT;;j,Eill[JlPe-:I;·.ati)[Jn!:i and.

This

,iJttIiiflzi.:ng

grClWLh

:i:lelJ.e;tt!.or1

0lJ1L1LtlI

be

to uiet'e~e

the ,[poten:L:klll '1}£l::ri,1:~iJfie~s.

iBI!L1Iii.n~;

'by ml'!2Jl!ii of ;!!ld'l,!';Bnc.~d Ln.t1'!fl1atiiClif.1al oiP"::;r,n'~ion:5,. M;:IJ,rk.::;tlri!iL; I{1!::!;,,!::!:.UC:h &.

Q'ti8!l!'n'e.d.

D~e~l~iprile,m

3::;)1,,33
4,.1.1 ..919

lng f'S.;:;il:i:c(".;!'I;.

,~ld etate-ot-theart

:r,[jlt(iUJiIiJl~tlJj;"-

CRAMlB ;1lD.d 1i!l!lI:t LIe

'~I

In;tem:r!it]oli]:i!!il GpetQtl~
YO'UI' oompRIiiy
~~ pO:LBcd, leruJil]gn. to brill1;§:

Th~' ,c(!(rnp~i1.l' '!AAi,tThe~ill;i}d, :high ~h in ~h'i;!l; ~egwne:1i.t ,E!8 well, 'We hE1:"'~' ~~U !:.IJJbl~ ttli a.l!JC!5I::88fully tic up with aame .of the l,e,adir:i@l

gen.e:ti~ pJ.ayoeru ill [.'l'!if1J~eand

A)JJi].t.l',~.lL:Lil!. [(If

'!;:i rtJI..l~ ,of ~t 8 ,8:ggl;',;;j,f:j d:i:7P.;d :i:l:l!~T;',f:j SiJt.~(III:"1I;!Ii! t lUiPenrtkln8 v:1z. ~t::; ~1::81h~>-or-tn!~Hlrt mii1X"ilnfu,l::lTl~:ri~1.g 'p~3!11 at JiIi.w,i1l:1M.v'l~r. (F'U~',;1'b~ cD(JJ.1m~S;!'I:j,nni::d!in 2ilJ!lJ7 wllih-:h ~...Eitel.",8 to mE!1l1JlJi"l:.ll.0t!Llnn.g 1lJ[ oral ~!:did d'!"J~,1: fuilTIu~ atli~ ~ ~e;;i,dy be€n irLs~~ted ,;);I;'t!d gQ1 il'lltEirU8!itVDJ.'I!al ,a.pproVS!!8 viz. MH~A (UK),

abQI!.1t ~'IIeil!lITii.I~i!:' rui~p'.Il:IJie~turno~W a.w~l

'!:fJ'

Cci:o:trac~ l."lB.I'Iluiia.c.tunng aervices, Vil![h [he. e1 11"rent 'tI;\e~1Id the company is, l(loki~ ;ji.~ ju.rth~r ~nhE!ndfiig the eapm:i:itB in nl!:EI.Fj:u.t'l.l~, Jj~F.!Iail'!ig of ,iki>'l'llVr;r;.<i, ~'tj~d np with ];nn,g 'IDP-rTI"i. S'!.J<pr,Jzy fJ!gteetr.i.'eiit~llu, p;;!.rtnet:z; act~ti ~ru'p'e is, p:mj"i::c~Ed to 'lbrit]g :in decent ,B.U1GUl'I![ ,cd:"

pec'!ien1.ie iIi terms

0:f lloeMlng

~e

on

~1

tiGA t/U1lSb-BI.iJillJ,
"T,r.e ~8IS;::\'.:i. ... n~'~~ re ~
,Rria

;3,'719_7'2CrnreJ.l; :in.

th8

f.i~G1.iI;!'l,

FJs;, 28 ,f;;~CI\I)[\es~, ['(,l!l ~ne t~ [~up ,~tFJs;" 31,,:;.1:4 CNres lrom p nl illtl: tt.i.~ y~at', s!iil®~ .arid
:::trl i:t,(;.tle[U!lt: ,ur
{iitl:1i®i m!vDID@

ether :i:rwoiiil1e jUir thl!: )'~8iiI" under re ...ie~1!;'" lW,519' ..21 at y8a~,. P,rof!~ 'E3(".f~re tax ~~JliI;"iJ1,fi~d! ita< :Ra_ 38,.4'9
l'l;$.

CJ:1DTle::; ~::l 'ld.lP

:from

R\'.:i"

sueb

:;real: 2i)}"e<5 C ores i.n the ~'ire:-i(!fI,.lJS ye@.i~, ...

Cr,ClII:',88 fplr'8vllD'U8

<lbij)u~ ,510%. A d~~

inc~il1d!€d in MSi!llEl.§Eimcnl D030U!a:aion'&

h;;i.~ inc:r:®;ii,sed i:mp(t\®!Zi~:.i'!1€ly 'by 37% ,!iilild net Dx~:!lt hgJ_~, ~~WWTI te,.-J.ew af COOilJ1j<Jltzy;!lj. perf!l1rfr1~Jjlct: !')jfJ!clfll:ltuI\e pi"iiiit;~~bW iw AJ:p,al:rais :LTIi, ithi'S :rqpo!r.L

reg1.Uawzy 'boo~efJ" Apa:t'l J~i;llli n.!!l~s:e ~~y apilJoTliJiilaJ8I' we. SlchL'i::VIl:d :Mi::iH ~iUAE,~, nrnA t·f1.:J1irE::"illIliE!}~ NDift (U~md"~ !:.1m'll Dl\'C.,f!;, (Eth~Op~!ii.)" ,All these ~'r.e ,!iilc'tiTi.g:'led..... iln ;r< 'Weil 'oa!a;n,OOd! plan tim Sida;n:as, '"!hc irC,::iCIUlrQ!3: ret8l1,:i±retii.'~iit~ d a:s;,;.e~ ctoeE.Ui'l)fL UI trt~ Cit M 'mil,n];W)wiZr ,and pmd1Jcti;! , T[h,il' Y'il:!ii;[ MtIIJjl:~8ea, ;:;:~aion ot: aak~, m!st[l,"lljitu!l:I;.1i

'WHO tGeriev~

EImd otfue.r'

immm:h2ii,te bi:l.I!lB8and oon8~d!eTahly :tnUeI!lJ8€' ithe rif'oo{'luct 'S!ii.l.j~ thGtSi!;!; pfOd/UCi!:8 ~i~llI ~@f!le: '~F.Efi, t;i;"i~ pmoo. 'l'he 'Oo:m:!JULi''l)' :~a~NpElniiL:i.:nigthe number ofCTD OOS;R;ii8r.?l, off@r'rnl:il :3i continusma on 'iba8ls,.

~or

:DDm&lllU.c

:lMB:ir:k:ettiDg:

The

,di:!.'WL'UJ:1i. ;;IU~~ ~n. medlicaJ ,e~u:ipmlJ::l;"!irtB ,fli, dlt:"llclJ:oS; tj1.ere~ :[bet SJ;r~g :pe~0fii.l!l ~~th C;[~f-e wat:> i8!!llTlc.rn;:;:a :!.!l'l. DecC'rniD;:;:T 2007 S!n!d. ha.a r~~;::et:r.d
dc,al:il'!ig

;;;umJm.:n~/\'.:i; nt:w

~ ~

~\

«v
]:!il"'!:!lI1cii:sq; :~~XfiJ.'~l'C;~ &. :i~ gI"'!:I!!.!,oi.rqg !J:~<l!P<lio &. 'bG"l,;i_ndi3 from tile !:irs,t :ITl!o\t'jth !i)nt£ launch ;Iill~'ilie~l '!tis;!'!, gi,,,,"~~,1Ilii:f'iii08~ oon:t1id!ol!]:'!i~ol!' iihe; oOOmp,s:l:1JY it;l1' ~al ,get: !:ij~'T~d~!::ci!,
w@'~~.

raE

.tlUljmiiL"e.~, 1\1J'l"' Cl~M:S (~p~dEJJly Contract 'R8a@''SIT~'h) te :mak!J! itcentributa ~:IiiJo/."laf l'!lrnfliitE.

:ii'i!~ ·that There 'W5!S, mi:rn.o:r re-.2hut'fir,: in. the Board, iPo8B,t.rmbs with Mr... B.. . :Miehta taikDlI1g 1l"1'!.'l1!:I:" 81a t.:IH! R Chai~ffiaJlI {.If 'I;hl.':! ;Q(i(J'j1.Dany', Mf. N .E, 'ri.i1\Jnj;!!l1
~,;;tS des~gn;;i;ted es V1ce-Ch~~ ''lil{~ D;I;'. Gu.-prrll Murd~i.l was d~1gnatbrl as M:~:tIl~.t;g niu.ed)lJ,r &. CECIl of th~ >t>!:!1I11:PWllf'. Jill tire~~ CJ:H!.T:l~i=:l£! 'cmiii~~iot.o effed: ,~rum.] st ,A.pril 20ilJi.B_ There V1.'SS :f:i,O 'Ci,thr.ir change irw the' !Boa:rd, iP!DsS,MWlCh

th~'

~oounts
"

:!li2dt!;s. .andi, 0{mtxLbutL'lJn

nA.:i~ in

{j];Iltetwo tlK~j0't' contracts weTe sig.ned. ,1tl~ h8!,I.''Il:' been d.cl:iVEOOC.. we ,81"e' h.O'pefu~, to Slft[airw
:r~I;!ite e©;i'i;t;t,iJijl:: s on Fi"~U(:t ·de'l,rel©prnen't af~I.' ~tablLi.ty dlS!tn p.roD'l~in,g. Apstrt :fmDT], 'th~8; we ST'!:: f:I_pply.ing 'i,l:'mil1ic1'bl~ ~fti(iTt~ to' ,~t; ,a'PDi'Qv~il~'~(i\r ;j!I, B~.o~ iirl]i,'I!.iLen~~ ,c;e.r •tre which will. ,fUJrth.e:r' '!itTi:".J1,gt.LI:i;en.h~' bai!i~~ii: of R. &. D..To a.t.Tength~l:b t tl~lI:. Rfi;J..lSi 'bu.:[;lule[>s ~C< tl~lI:, xq,tlis~~e IIB.1.'cl.you];" C e oarnpaT:i:Y' is t;yll1l[ 'il1[lJ v..ith 1,i',arD01lS Slcsrilll:miic 1n![l,tJ1Ute$. By v'JrtlJie tilt the hi~ eif~~e~'l,1Qru,C(![ 1'l: &. D MJ throrl1,gh tt:~,C; year, unique ,cmnibinati.o!!l;Ej NDDiS
(If ~H~e! molecule are a'l!Ol!Jii'llQ the eoener MlIrJ a'l/!,'BJ~ting lE.I!ll'r:lch by' thi8 ~E1I'_ Ap,sut 'frum. this, IR

,d1.I.i~it'IJ'r.8 hE.l:"';::' :pi.e:pm;::d the the HILE.l1l.il.::i.8lJ. y~!!.IiW eru.l~clI :31,8~ 2'008 iUiil.;spailig enncerm ~'.:JL!'.l]f:i"
f!JIl"'

the current ~rea.r'b"II.OI:t:ill the fott'thooft.rit'iili!; y,e~lj'tlj,as

N{it Q~ly th:i,!!;, t~,@ d:ivi;!J;i;(i(J'IJp-([io:i~c!'l; 10 ,ac'iilicNe a busdness ob.1e:::::ti1,l\E,of 10 erorea 'MJtb :iinpn:~~V'e. oD!:!'IwtEifutt.=,tijUifii it'D' ,Ifill •.m~, :pfjll;:S~$l;.e:s ';;1

1MI s

~~~tegy
f,!Mduct.a,

of .aAJJ~,
lill

1-~p

rew

0tiler 'spe.cl~Jlty
persenal

,ltct;OLlRtEtnts,;

'~'br.: cXia.tlili'l:

T."a:I:'!!gc o,f

a.f

,J. K.J ain &, A8SociEl.t~~'j ChEl.rtef.'e.d ChlilliidJ§l:1Ih. ~tE.ltu:Lory ,e!:lliut.Cii:":W the O!J(mpai1,yretire at t:1-~r;:;ruil1dll.l~io:n or-the

hentth~~ .& itD2lid.e:rni~lluQy :moo,!::~ aeriea,

AIri!il,tiht~r' div[8~(!I1:'!I l;!!!um::'hed, 'by ymll: c-ornpany ",;!\Dlmi!l
ill~ >lXi,n,ccpt '....'! J1, O:!.!lbEia,Ulror.:di

l;!'l,

Also, t.LI:iCf)J:' ''l&'l3!a 1I1!I:i, c.l:'!!af:i@l:C: r.i, the ~OIDf:i]lJfj~ ~ltj(m {if B'i)~r-<J.0f ni.r!lict:o~, c:h,llrMTlig ~h~ ~a:r'
it~rutlls ..

:~b,rtooOmtD~ .t~n:[l1.1!8JGern.t!T.,n1 MectL:["dg arid ~e~:[1!g eHg!,b~.e cffer tihe:m;sd'!j,'Ci8, fllir reap[lJotn,t.me.n.t.. '1ll,e Al,;l'lliWr;:s Rep01:'t 1:::' :self·e.xpwUEl00ry (IJjM d.ue.:s [.tot require .jiUi3 il:'XpkulEt:tiil:I!J"l by the EtiliIlI'clI.

:H~~]ii:'h Cif1~" wW(:h ~~,m1 aJ~lS'Q~'b!I~ely

mST:kr.t~Ir.i~: arid
E!.:F.L ]ncli~'!.'id:uw,

~J n'ile

~ ... iew.

.nBlJ:i. prtil1.i'l!:d,Ollt to be

[lJD::dit centre,

Mil".. :N .R.. rt.hu~jal, Ur. s..'K. 'Ma:tlmr and. Mi:r,!1:. : N:i'rn1;j!1i Agg,[j'F!N.'"j] 1 iJi~~t;Q~ Qf tiM,@ {:(!ImD~r:1.y

TI1J~' E;[b:i.cal mSl:k17.t:il'llg D~v:j;!'I;[.r~l:lloftl:1J17.',coTblpanry IUlli intruch1!iOOd! those pruchl!il,."i:~ ci!U!T.LDg the ,~;!!:SJiI"

will'On are 'iUI.i~J..l,e m its kLtld. l,I'Lz. Cikt'fl1olJv

w'iM'iJi;:~~, ,a,!1: ~ :pr~'md

ml't to ~ilJ: ~xt~~~I'l' lJ;!Iii;;Ill;!!l in. cUJT.":rlT'J;_I;::: Hi3:i!l13.titie,s srwd. o!t'hcr :!~,~r dii::5!CiJT.",die'rs,. Othel: '!:m.ul'clI~, ir~,truduoe.cl, by' J,lUUI" '[iuiU1iPc:,iUY ~'IJ rlr.tg, the y-e®r 'iitt"-e 1'(t;'pcl~J!625, Em~ee 25 and
'!Eye 'Dmf.j;!'!, .. yl:llb.~ CQi1!lJ."N)X~ emerg.e.di

,~. D i!lt 'Gmph:l!!~l~lI1.g on :2i m:ajll'.!~ aI~a. wh~C"h ~8 ~m.t ,R~d1Jl)L'iI:iQ[l. Millire ti;]llI"'l :5% o!Jf iiutlli revenues :hial!j,-"oJ:''IDi::17.t"!i :p]..Ei.'l:"!i~;[jdl aJ!.c~d em tl:'!!i:":' CiiJnla:p::my'~ tID ~ &; D ru1ii tlu~! ®il!.:ftie 'WiU rbe OO'fitm'IJM Ul the fa(["trn.romjng:y;r,:a:ra, Sl.8 'well..

Ge:ijei:',al Meet.lli1g a:r~d ~e.mg eligible ~J.e.Ul':;dVie.:s Ih~ re~:p'pcinb-ne:nt.

iD,u:cctm'8! Rcspoinll,ibwl}" m\lllibl:mlCDit
PuJr.'l;;UillL~

retl'1le 'til! rnt);ti©u.

,@;t

'the' rll;);rt'hcoiiii:t1~

A2U'lU&i

oWer'

:!E!l'iI;!ll"lf:i' 't:ee!l!i~D'

:Bind IF'gi,r~~,

~!Iilillnpi

t.o

211(2AA) New m"'fi1.ifili~tu.'nii1g Fa.ellit~t:8

respect
yorUf

of

Timco]

tn~ OD-mpnni.e&

th~ :i"~:J.1_efiil~~t uw:lle-.x

:::;.retiti!:![i

In G'€:nerl~",

as the :J~d

You

liXl-mpm:l,y

1"21lk iP.'l'La:rrna, Gol!l:~i:".l".i~ COru'ipany ;i!Jlriid ha;!'l, attained th!t!,:fS:Imit!' 'Df featuring :u~ ji.w brarsds
~~l{I\K,

8!!1.1!) itih.e r

M :!!!!IluEEi.ct1J:I'1: fac iU a:~ th ns ii!J·

has ;::1UOlJ!!:!>:sfuJ1y IOOl'II.:fE"~i.ssio!l];~ciI

l'!'

to director's dircetora OOillfttT.r.i,:

Atit, 1'~56, witb n;;:spoill'::iLb!~Bft:l;' sta:fuE:ru!i.Il:["~il:,

;!'l;B m~ '[,ax: i} Th~'t in 't;h€ Dj"~pa~~t(i'll

,(jif t)1,i,3 ,~,i(.i(:(!IIJ'I:lt8

,~n;ro:rrn;at~o:n. equurcd. '1!lnde-r sm::tBo:rn, 217~ ],JI[C~ ,of r '[he clDMpanks Act 1956, n:.:a,dj 'with Otimpanks ~D.o8clD8ill!!re. 'Df :P,a:rt!Cil1'~a:ra, :in til:l!r.; repad: ,ad:" DO!l"l?:COOTa) 'RulES, ],'9188 with respect 'N.la, oanser'~':3Ii!.vau of' CIllC:rgy, tll:ldl:i:UloliJ~' abi!lillT."p-itiml and. '!i'ormj~, ~x,c!h.a:l:1lg~ 1!!:.Ei.'l;n:inga ~ll1,d Cilli~go :i;R; a.n:I'll~~~d!ami :&n\Frnl pert !l!i~thiR;l'~P!l!i!-t_

exempted

,~otjjlB. (I.li""id green :p.L[]itllf:i, of.'badd:i. di,;lrit.t_g

1'1:1a:nu.fs.eturil.lli;!,; bcuHuii]!'

~im.'o~,
811'1, the. top

Qi';>:jlJu

~(lN

illu(i, ]:rn,

C~cale

'ff0:f

ti:1i"Je yeBI. Tb~a, :nl?W

~JJg-I,;i_t'i~;ted

~Jref:!.dy' ~CJ1.i;@'VlTi,g "t;1111~~ 8;;d~!<i grOWI;:l1i O".'~T 2,5.

c-:roT."if:) b[,B:nda, iGe:illlf:T.",Bc8 ..

[n

Au.g'I.~~t

20(117.~s for ~oft G,eRat.:!rM

Comp.i:il.I~j""~ i:!r.m:ml ,sMm.OK ~"1!i.Ui< 'b~~n e:rd.i.sted ~~10~t~ 1eailiilg bi~Bldl~ ~1 'ORG' IM~~ ,@d
Arn'y~'Lri~r ~i:".;i!Jda, ql!lJ~ a~On!£.'iDi:ip JA)O ib[',a:rild;!l; ij),f tJl~
'l..be imd,u!:!>try .

''!.I.'1iitli], ,81".l, .arw.n'LlEll,capBdi!y' ()[ 315 I:1iCit 0li'ily mo~ llJ"S; al'l'i:1;oot i!'}i1i~f !>U!fficient :~n :!!otl ~eREl.tir~ mEt.:lil:!JIf<.tetuoog but win u~qU!~a,t.::io~:B,bely ,dI~diCB,tP.' a bit ('!If a;pa:r@.' ,c-apadEncS!psUI!S!fti!cm
CBl)l:'e

:ilm;t

will

the Iln;;i,;n lru.ye;ll"ii" end.~j 3] I30t M[)I~ch,2008, U''l'e~'PJIDable ::JJ.COOlLlil'tit'q; ,~~i(kljftt~ h~l'we b>::iei'l ]!J,llo..,.re.d, W!:l'L~g with :pru~ex '!2.pb!11lBJ,tlo:n, to rnE!te:rfisJ ,ci!t!JNiI.r.hm~, B!:S!!.T],y; iL) That tl:tr.; ,o!!.!rC:Coor~ hat'i.''C sc:Lr.:cted. ;s,uch SlCOOr!1[i,tJn,!;l; [lJo'iiir.ka, Sind a.],~r[;HiiEd [hem on!i1.!ti!t;;~~!I1tly' :Bnd! m~d~ jm!!e;rn~n:ts and!

Ttile liJ.'liO['rnrrlitLl;lifL ~deJ;" CQi1l[.!G)...!ue@, Act '1'956 .A.iiu~e K'u:li'e .jB;.

1

8~OOil

"l1 'l(2A) 01 tb':te i~ etlcl'l)@~l ,;;'';$ pe['

lI]es, fur

OOflttE:.t{;t :tml~-l:Uf:aCh.ilt.rng <Mi, well.

1F''I:!llrIJI!~!I'.rniJ(['~

Cll,;Jm~lliY~:> :liU.l.Ll"'l'!mwturing
~~!!:~_jCi~ ,~
81t

!).e,¥e~pme~t: tbe
C'llITe:[";t

iha;!!; ,al!iiG
,::1t;~JlEl.riiUi

'b~(,!clll ~JI~gl:"adl~d:fiB

'U.Iut ,blt. F;.uW;;.uL'i:lii."i pH '~lHrO a~l~d:l!im,!l;.

~lnaJnoo,
'~O-C~'I;'iQIl1'!'!:"

f:ru:ip'IByer ,r:mp,1ny-Bc::a' rel.a,t]on;a; cord:ial t~hr'O\~;~'u}l;!It Y'?":;.f.II' a:t ,all. it~~~

e~tim:ii;Qie~, tb,:Ji.
]_)'J;'lHleiJ;t

C:"0mpi.l!.:f.y~s GlilJ~ru B~.lsm'ess, t1.:nit (rGB'U) at

w:h~r,~
iil ~'be

WiJJdrig

,~l1mJl~ut](;a]
enoiUlgru,
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rriil'_~'otJ:'s ~ioe ,ei~~i

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0:[1"

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P(I",C>1

aJOJ'''nJn!D8mel:1lt flif IR &0, D, 'Wl':!' ha .... b~n '!li

oom:p8it8r:1:t

h~s got MHH:A. & TG'A. a.pp:E"'O'\i'ai.,!~~SO, . our i:llanuf'a~~[uri.JiJ.~,uru1 ru: iad~.l (H.,r,.) :tIecei1!<e(~ WHO Gl'l'l<P ol::rtifi.c.!ii.tii!!(1!".i. j):)[ ta'b~l::tj SVP I Llqru~cJ
DeT.,ab8.S8:! m~j1l1J:f~jr.:n~'nl'i:B~

so ~~~l® ~-e ,;1 m: e' ,;,'J.:nd fililr 'i,?~ewof tih,e :s1lE:lbe,olf ot t.b.e o01'l:tP(~ .[it the. e:m.l. of tl:i:e finlilliicia), ,]!1e.E!.T !.I!,n.d ,oif tlii~, Iile-.t pr!J!fit 0[ j'o8:!1, !!!if tb.e OlJmp81"'.i:Y:E!J([" t:h'€, y.r;81"'

w~r~

J;'~ac50n:tll~'~e

:JiJ'liGl

rur;;m~

:iFixcd DC[pOlilts

to

'W'O[K

n[J([I, Sn:frin,gin,g

UindET

r,ft'i.-"il?w;

Nwel,

DtLtg, dd:b,!",t:Q" Sy;:;tem::>~ do::;~:s

tr.tlii:bilii:y (;llii;ta profflli1f';: I' coiloe~tu~'tti0n (If [iil::1;l,i' ITI.>l:i],r,:CLJl.ll'"h [and! tl1lc'[lcfmr:- a nu~bll::r' o,f ,iPood.ue'L ilJiUm.birn8it~!J(m.l l:H!V~ ib~n. d!!'i!~lillfP~cl. il'Lnrl, [~i'e lIe@lty ~,o,~e I;)'CULicl'ied by uux'tnifWi'1re'tit'ig ~i';!is:i;nn~~. Yml'f" ,mmp1Bl!1.y';;::, E, 8;; 'D lr1l,in .... l'!,,'l8d! in, n c;rll::',atBng in:brmn.a~~onSll oiP1poT."ru!lJ.'Btiea,Slnd.

TI1;e~e .t'ii~W fllCill1:.re.s will alJ!~m0n~'thl1!'iiXlmp.~.ny'~ ~ilib-r.t8 to trip the :r~gul'ated. 'i[l8ll"kJe.t~ 8Imil
tJtu~ if'..mmpanyJ!tl ~r'ow.i]:l!@; Cl~!:A.M:g ~'!Jlsit~es:lj.whLdl ~t,~pe.c.ted to 8JC(;itin~ltt0t, ,9;040% of ita 'itio:ttom, linc lTIIcr t.hc r.i~,t '!r!:1IU1"' }"CaT."a.
stF-f.!!ngtl:'!l@.TIi
]"i!)I(Jj"

ii(~ Utat

t:hc dlT."Qc:itl1iI."8 ih..Ei.,![,r: '[.Ei1oc:n. J1iropc:r and! t;::l.lIiT:iJl;:i,~nt ~:r~ :~i"iil;' tl:'!l~' m:a,':J'li~i;;Il1a,'I'llC~' O'f ;Ji1@eq~,H;t:e ~bOOIL i1t1nfi!; :!:I€:c@t'd~ tl1l ,;1(:Wf'Olf{;0'j;'tl~<'iJilleS

'Iii e COi'npa:;r~~.:> fl}:::eil rje:iXl~it ~clcie.i:YLe t!.il!.® ,clIt"-lMi good re~,:t;i'O".fLSe: W,clI CJl)~i:l:Id1ej'lQe,tr{!"Jru the ( 'puulir:.. 'flue ,il:lW'cgate millul,;li11 ,u,f fixed deplJt::oH.~ ,~o:JU ,~bt .ME.I~~jh~005 W~l> R:.:;,.I·~,3i.,~:3,LlikIl~ ,
(previoi1Jl":'1i, ,](eEJr [R~. 12:-71.77 LiucliL:'1i,). '.rbi.ex'!!: ''i'l~ (;M~u1t in re[p::Jl.yml::nt of"pnil..:::Lpnl ,bW we:tli;lli In,t.t!'m8t :L:B, ,U"e,jat!OFJ, to ,d!~p08it8, l;1.ufue[". there :L8 no 'uncla.imrldi, lOT."unpaid ,amO'l.l'['lJlt in re:ls:t'ton
'l1l0

drul{le 'l,.Wit~l p.t'O'v,15im~ 'tJ:lie

Act

1.9,S,6 J)!:!d:"~btffeglJ~g
C:.r;m.J.iiIII.'["~Y Wld

the. ,n~~eh;'uf the.

OOfl!pi.tl"~y

9000:20'01

l~~s lJeeil 0eft1f~1 ,ak'iJ' d.uring th.€'YCB1".

f0't,

180

f£lr !P'T'!!:'l!ot.Iit.ung ~d!

bhl.1.'i1d.ana, othu

.Q.!!:teuHiIlig iirregdlBritiEl:!lj and!

'00

dcp[J~;it:5"

~ ~

'f~

~\
ANlN~EXURES TO THE, DlRECTOR:i[S RB,PQI:RT
:U:lriJn,I

«v
AIlNEXlJ,RE A
'~ou rj, lJike t~ {!_"';P~[> tllct'!it gr:jli~@ii!l'! ;a_lJ<JlIr~ci~ti(!!n 'ffiJir t.h~ ,~;S8ist~,r:lOOO 3TI!1ji~Q~ 0!JCT,B:tio:n received fro[!![i, '"Ihc. BaJ.lill{:er,::i ,BI1Jd '{{ll!Jr® directors ~1J;![e:ITJ:lill.r;:,nt<.mtfuuri'l::i,~ ~rl ~ hl1il.i-.ehci1!ler~ :[~;)r til~ !U{lflfidetlire been Ot!mpK~fiy" Directors Si~S0 '[hank, ita dii5!tr,n~!illbl:ira,agc;l'!its, :s.t)l.'i~t. :~t~ t:nIJd.~n'l. ~dir;;w :~ru!fe::;~~r;:tIr<llh:;li erru,~~O"tees@i1.d C'i~~!jjtOfile!'S :Ctlj th,e1i;" centlnued
pB,t.T.nn8iSf. of tl1l@' c,nm:p 8:1:bY'~1in:!tdtl.cj[;!;;. :1, ,Hr.n~;;;.tridty s.tSi~l::i!!I1C;[1A: 'pa::.Tik"U!~a::."1l' of uI',dk:r D~~T'.!I;} Rt,ih~t!i,: 9\88
,A" Com

'H'le shares 01 the CO\ffi.P;IiJi-:!y are li~;ted .,t :lJl:JUry:-~ :il:il~ ~Bta.r:kiE~i::I':i8niJ'l!"J.'I;:,

the Co:m[ll8iilIiIl:;a jDiacioaU!oo

[cf :partt~CIll,Ua:ra in itlrJ.e :rc]Xirt

otd Beard

'lJi

Ii"ii:'VaUoiiiL

[Df:E:ifI;c:tgy
i:!<pE:!!":,:Ii.it~!:Il:m

'1 ,ElO~ll~
;2, lNat1i 0TiI1lI

8tol::~ 11.: 1:::~1;;I_TI!&e 1ir(~te~ S. L©c&

~,;;>hE!:ng~

,oiflru.ui1I. Lillci!:.edi

'!:hit:; repl:!!ilel~ 'by

tlum.klS

l.fuc

C©!lrr],p,ulIjl!B

inl!j"til .... s, W..... ~ ' eD~rgy

o(jn8idll!':l:·~d.

oODaiU!!lrr],pti.o!l1 ,E1E.a,

th~re

~':rn,©

m;2ijj©,~8IreM

w,nC''''["(!'

C'J]ergy
1ll8@'

COt:i;!ll!!!f'!.'"8t~ml!

:m@'~81l!rncS

ooit:L!ciJ b~

H~~!I"

'i'he 1.i!.Stmg; ir.::e 11:lrrt1~,r;::,!::o;[]~l'ed,

)'t:<.III

h~

tfu~m, in the Co:rn~ilI!n.y ,8:11!d ~ook tr\!'.!rnraJITJ. th~il"' to '![.Ri,1J!SJIb~,il:'S'lLlpparil: 11[" '!th~ :~iuh;lI'!::;: plana (if tb.J,e-

e~'!!e~ ,lii,nd :lITtpw.... opej,'<~;tioIDcU ed rJle'tlwd will eouetnue, awareness M'{;0fiSet"'!!E:lJii.'Otf"i ,!"}£ efJ.e.rgy ,j)'!.truti11lg """t!ti:",kfLrre, the. ~A

ito[ C:Ot:i;!l>!!!t"'llI?: and O'p'~[~ise. fi.a'i'rilllg pITI~t',lii;m£ are ODi'l.dlJJGlieeJ

~ff\f.iTt!l,

4:he
Q/O'

,of.

~l(:~_@e

l:!'.octiJrlW the :tIe~re-tti;\?<e Stock Exd\;;in@e~.

Thr.· aJ:1lares of t..ii:I£i Co:m!J6lillj"

OlJ-mpui::;Dq"

ibe:i:tiig t.I.Eiood! 'un, deriililitei.i:.tii~ed ,fo;nn, 'l'he COiTIJ.ii<!my

are

a) Pil;l'reha~erj, U":ruts '~;ji,t:e/urut (f;!£,;) b] Own geB1~r;jl, i;(j(I1. A.2ij 311)"1-699'{ 1~';?I9329~
4,2{:i

hHJi,t];'eE:JI..U'ed

Oi)i'tn~t:!.vli;y wIth both bJlIn~.s i.c, NSDL a!n,d CDS'L ..

'me: (h::.'!:]<o~\l-

CQrpOif,~te GQV'ern8lH:G'~

detailed report illl, Ou-rpu(flJLCle GO'!I!'.::rlUJii'1,Oe is ;P1.1h.~e;[:thl[!J:I~wlth ~'i::t £Q\!:"m~,l~,).1'tl)["ui'ri:s ·Rer-ol"t. ;

A

Ph10e;

Q'l.>Jjfl'ili~r.,

j~.R.,:M~Ii'~~
Cb:rurrn;;i,n

:iJ lJl1.it~,(thM~.l,gh di~@'i g~t:i~fa:t;Qrl

U:t1Ilt per' Ht.@.]"!I; of dlO!!;!w.:L oil
CMii:
~('!X

!M167;J, 5.7'1
~'.A. iN'.A.

405Q5?
5 ..71. !S..414 N.A ..

D1OJed:~3-0~~H2{i08

usnt {R!;;~

6··~0l
I

ii] Tl!1:rou"gh. ~IDl!all1l tlll!!" bin e] gene rator'

2 .. C!:1s1

liLA _
N,.A, N,A,

10 UI',!Ea/ per lt~

N,A,

E CO:[]~:!..lm:pIi:LIJ-n[peT'

il.lilit

.uf prud:~u::!tiIJ-T.Ii

,iiIJ.j,~oo!:!'ri, ey'r.:: !'JIiI"l'd.e<Jjj["Hru:!-m

O.O~6 t.tD1it/rcll---

OirltJnetltS D" 'Tcc'tuimoty AbilOjjil:tio:ii

Farm,B

~e!!ieiii'_I!!:i!h,..~
1. a~cillfi,c
'ii' ,ii,
llil '!!!I'

:~:'V!e~,pme~t:
BLHiillill,

~R~iD,1
..

il)e ...e1o.~me~!l UIf [\1DD~ !Co"l"'I)k1 Mut1llr'l,ew :t"LlioleOllL,es, o.C~~']D,~ ~-n;g non infringjng:,p.ruc~~ [of :6lJur prodll.lct~_ 'llJ:lliqlll!o 'EEi.b~i::"[:itTiita'b'Ur.:t 't:cd'molomr ..
'[)@¥~]O~Ti'i~1:11;

T.:ji,~t@

m .. :hick :R.I&ID[ ciBift'fil!d QUit: ihy tlli,;e CD!lnPS!m\:r &. il!l::al BiE'lhl!iI!)V>Bme!l!t m~tSki'l't1g tell::'hfilQ,lQgf 'QfJ'i:l.a{:~cil,i;dJ€s, fUT the fiT'8~'ti'ltle in T~~J~.,

'ii' ,ii,
'III'

(!if :::;It:;;~:i,l:1Ierl 't.'ei~e_iSe :pf.'ooe$;Sj, Qn,~Qociit!,1,pll'i'l:ll~' FIle1. U~.b\l~oo 'i'If.'$t i:~~' :i~11i '~T1!dJi~,. ~eseai'd!'trlg ii3iu;th ~i&l~I'\i',edjc w.'edacir~;Ju n~lj~tsthese ~how a j!tC'Jwse ifiI tt'e<JJt1r1~,dU'C'JuC p ,nil:ml!:n:~. 'mmcliti0i11~:i:m~ life I8tyL-1!:ci!l!;oU(,i~rJS., \ti"o!!"ki:t"!!g on flr:ijsn,ed .Q.:lJf!lsgi3: 'Dfsll '~ndSMft; Lji!;iora:wJ:'h;~e Limit~". ]~ii:,eat m!D!catillr.s br.:B!rJg'Uaul."!iohedi b"ytl]c' group
ilJiJallpam,,y'

,ii,
liil

D)-~-elo.~memt M,m(fl,l~h WS:ll.'lJ~'l,rU~g t~lbletteci:ulliiI[.JJe, o.e~~']~~m.cnt of [!I.J~t~_itD~; bEl::i~cl. rlJ(rm,l~]Bjt_&!Jn~ ~~_il~nC & 'i_il combination with
'IW,!:' eeumtry.

ID11~IX_ElCL_lli fjr:8.~ in

~\
:~L :Bcll'l':fl)tB l[b~;r.I.'l7Cd 8. !I!C',mu1!t; oftilmc ,1I!00v.!C1 R.& D\" l1li11, iii :R'8Cl'!lvOO.US lP~t8!i1.t f\i1]' Cia:tiiOHJD lUiviin!S, ,a.:r.na:riket a:iz!!!:nif'US$ ;:1:00 mIl!

«v
,. R'eeei'l,rect two .proces~ _E);Ii,ren.trIJ;- l:rudlim f~j;" 1:rL]-:t©~ratJI"ye ~TI:I oeSfJOO~,e. Cl;:!I_rle-CiD ;!i..ii"M:t ~~I:I' in [ Ii' ,. 1aJuJn-r:"Ew:i /tn'tl.-D1J:.lli"T'oJ:n:8iI. Drug. Nit<'u!l\;UJ.LiJ.:Lu.e thl:: mt:!t tiw-ne in fu;.lli,,~e,~tr.b'!.'tli.J[l f);;i[' d:~rre;n: 001] illbj·!:.: 8,; nt
iii

oorr, .
IIJlf

dOO~il::[,

Fi:Led! 8!~ifJitihif.!:FUs. Patol!1"Jii::fL1if lli"o!'.xC!ifenEirl:in~ o.D1' h8J~'1!i1.g m;B:r~8ii: !;;~ze,(jif.'Ll:S$ :2 ..~ on.
!']II •. NDDlS.

I~d-awift Phl~LO~OP:!b;y
~ O~. Cod~ of Co:rpo(l'.ah' Governa:l!llell T~le CU(fl'lpa!fwY :u§ eommitted te 'ilniiii.x]rniJ,illl;: -t~C wealth gf H5

s,

,. :SiU'!lG~sc~fuUy th~''''!~r]!Jlie.~. will lU!E.lEketed. 15 ~'Md'!.u.::ts~clI Bill.tO Co -:ffif:jSl['~E:ti:f:ig ar:ra!ll:geJIL>r::r:i.'b!l. '!.'i,<ii)tli:J. i.cadi:f:ig ·FuJ'U.ue 0'1: M!!i:~n __ _

,. D~'liIeloped ~.~extLse li""l NODS·" \wueh h~fJ found ;i\'lJXle.plta'brnzy Ii'!. Iil~X;1 a'n~ rest ©J'the '~ll'l~L

• :~leood! •

:pu

p:n£T.ma
_

Ico:rn~ anies, __ _ _

New"[lJood.uet:s. pTiXlE8B.
Orl'!;!IiJtl~!fUUlJ!8t

d,C;1l!3:~O:P-iIT!lC',,(1J!I:

in. OD~!i!lJbO:r1!I!_tiIJII! ....... itrd..!earilln,lS G!.o'bal.P'hEl:rnl!::L. COrnTipanLE:3.;

deli.'I,ii~~ ·~";s::,tR.nl ,al'!!d:'l,!';Bhl!~' ;l!Jdd£d dMEiJ,g).'". [8IT.i1!i;.

.. ,. •

'!¥f,QiJ;le ~G -::!; on ~ruieB·t n0J;l-ir1fHrigtl1ig ljilooeSiil ~'!iii p;Ji,rent ri1.t!:lg, R ,~~guht\ory f:ilit~g,li.etWCitkdtJ;jg ll.Oi"1.d oo.1'I:tpli(~:s. lJpgr~.dEl.tio:f:i. of exi::!rti.f:i~ .R&D :fa C~~:I~LE:3.;
~D.

in tj1-~ area ofn!!'JVlJ!-ldrug

stakehe Mer.s,

0111

'pFOboc't

4". EiIIi:peilldiJtii;r,e

R&D. ,336;8-B';1<9
1l.:J9'1.2:5j91
11612B 1377'

'i1m1:iP']oy-ees ,ru~d1,!!Ii__s!!lil]ci~t~~ 0'1:1 t:be' other.'. I~l furtherance of this objective, th~! ~J(f[J.pHirliy h5l~ :b!:1!1Jl~!ITlJaHM:.dim1!I1a C :

the k~'Leteki-'l:

the one hand and to

(if Cijj:£iW:tltL~£::,

(,M) Cu:pitru
(b.~ .~~(}Ul['rn""l.f::

.p'rl=:Jic~!ple3f cOJ:1Po:r.P~t€ o governance

.iIl.cOrpO,J.'EI.tL[I!.g, Ule, h~gh~~ s!!:un.dao:d. of
:p'rofe!;:l;(!:l.{!iillJ~Jl!5'm, m

(,c~ l~lBLI (d!! T~ R&D lE::kll'Eir.i.ditU['Ii:j

.r:i;~,~, P€FCGIfi:i;:!;!g@

(lI"f it{i,t~~ U).ffiIJ1.;I1j:!'.,.

2.2(~
w-c:.t1""'CO:t1!!ilC'J'8aLll'J.t

.DlCOOl[!Intmbili~· and fairness. T.~1Jes;e,0lre .8!li,g~H~iCl ijl ooii1J-o:i!:ate '!,:'9l'i.leH ~1f b

ti[,e.J.ll;sp'~inll[:'y

·t,c:gr:rty,

:OJ 'Tecb:n,ology

Abqtpt10D.!, Adap'ti9!.t~Otna·ad. 1l:n.tu:nf1at~.Q(a •. '[H:i.c. ,co:rrqpeny is u.sif:ii!ll :!ir.i.d:~gcn,a.us. tec'b'u1to.tOi!5'·. operating J-'\JJ. .8'Ita:Ef aL<c.
and tx.Ei.i-1:'!!~d.in th8 p[icw;i~~S ..

at all ~i1!h". social

A. Foft!Igo. b_C:b.a:Dg~ iE'8!r.o:im,g .An.d Olltgp

f.Je:s.ponsi'!,;--re;]jes;fi~. nd ru:g'b':1i a business Ir~thic!'i, W L'1I HE:' 5Ico[)nlpli::1b:ui[1Jg ,tlb!~ ,oompii.'-l.:ny":!l, business Qbj ectives. The COfil:p:rrtJil.y ~ti'OI.rlgly be'~i.e1,l'&:S .r~~Lt a
~':rl.ilbl;rn. of
~(Id!

'E<'OB
0.i:1

'!,1'Bll,J~

,mf 'G'x_pr.l\fts

1~.::Q'rp~J~;~e~'lil;.~T.n{:I!_riiJ0~;

E:-:>;''Feoo_;!;I;U:i:e U1 c0-l'elign

~;ru~.eU8$,6290iB

tour

8li!'l-{l OO'i.'eh::

1~oon~bgy l:~nd~r IF're::!

us s 2'75!lJ51'9

]!ill,

26,7 ~,46:B

R~, 1119dH511~f

Tille 'OOTf'ip8lfly:focUS an. IDc:.L'f8;!ling its EXlpDrt Turilia~:=:r in. zhe CO!llringye.Ei!f':S, It hM ;;W-eRdy fir~,j 1n'LO'.['C· 'th..Ml !§..'2 d)D:s3ie:r:a. in. llf.[~gu!B~d and aemt-eegnlated oD'!.:mtT.iDa; The camp311.Y j8 alae making c~"'ffom iDD 1CT.i.ti!T Inoo tie-'UIP ill these mar::lmt:g io~
miM{~i:i1Lug oUts !procl.'ll~,)9.

.prot'e!:.t:s ·[be interest 'O[ a1Il .f;.t;9!k_e:h.[)MeiT.:;;. '[by ifi·t:fiJ.ka:t..{[~g iii, ~ 'It-(i(fi,g !!l~n:s~ ('II ,[3JoOO1J1nt;::JJ!'ility ·~tmirll tb~ management., ThrcFuglll. 'iJlfilIproprilJJ.te 1[~it.g.EI!i'itt.::1alt~(J(fi!iI~:t'iIJC'l:'LJ:il'IE~\l1l, the nmtlJiP::!i:D.y :

has

:psut

]1!lI

fbi:' OOi,d (in !Jeh~ill of tile [':o;I~rd I.S.R. M:ebtta) _ Cb.sW:mE111

Internal

.piace 'Va.;riout;J; BY"5'tem and eentrotmeasures :IlOi['

II;.."Q-1"p~J~,te ~ve-r:n:;l1nt:~;.

epenness. acceuntability arid. truth H'€. .rw.€: eernersrones ~]tf ffecit~.'lfeenrperate e

,gO''i,!\~~.Jo''Jjoe'wi~hin the G,omp~_ny·.

'1'rr,fJ,iI1:!iliP:;I1,Tem;:y,

TIll] statement PUFS'!l!Mil: tal olIcctiDfli 2~17 ~:2j\) ofTIl.r.: Compank.a H~Jil~~" 1915 and foo~li'ig~i:. o~t~~ .lJilr~t::tmit:t m~F.t:
N:ll:rn~

Act i'9'56 and .t:h.r.:co mp an les (P'.m:i.C1JlIMS of EI'I19:,].G-~cg;) C~1JliIJD ~~.~M>l',,:J;!t of j\ppointmi!'nt
l~~~fI~l"" R\!'..mI-mc~';_I;l~!Jn. grnJ)~!_;,ym~m;~
G:i'tli:!-I

EJ~~ji-1J:II:!jj[l~ll
·[!.!·i;.I;l:'l.:tIo~'I)r

AI!}I:!!

QL!!~lillt{!Itiml

.Mr. ,S, R..

[fiutk:s 'GhaJrn16'P.! M.D. &_,CEJ:O

.LMKi)~[\~:~~r

(R~.in l_-ili~~ 63 63

.Me-;hta.

5.2 ,~9
~I

RiSe D.H.M.8
F;.U£i~

29

:1{.f3.
'!ITK

06.lOu.:l.986

hc~d :;;,n Ib:.im

i)'aN_

fu~ni!'<1;W

T.he Bii}2l['IIl. of Directors of j"O'l:l~ II;.."OmiP:::i!n.y ~)~~(l:IJ~i!'it~ ~lf.t.v;I~;!Vf":: ~~i:n;cbr~[':;:I,

m:mE".r1

:~~~~
Meld;:! F!.1:l'.

o Ii', V. R.
H..
:~.

24

I L 12, 193-6
.30.(WJ!. '1~~gG

N:ll.
:1i:Qi!]1!i:JI'::;-JI.~.l:l:.:!!.

who have a ,~]c:h~xpe.rie.lloe in their ,[\f:i2pec:tlve· ,nLeM.a.; Out Ol£" these twe~,~e
directors,
flJ!b1JJ:'"

Qgl~.

Oa
~;J

~~~'OO~i!

:Ex.ec:utive Dtreetors,

are l?i[{;irn!l;:lIi]~I" J
'!:W'{!I

lP.iiO:FtLO'l:.et Mi!l!f.l:-gx.e,r~u~::I.ve; Dttectot~

Jain

Exc. mOCc0r

GJXi;;88:~n~Jin~~i!ltlfll1

B"CDITl. OOf.i~!!!'.t';lfi~!l, bi!!!ll.e !:l&.i&F.',1,

.2O::!

15 y:B ..
8JL~\I!i~.~8F

3 i ,107,2000:
:EI~u~8.ti)'Fj' 'i/a..~i!

Nll.
;w~

Ijl.f

!f'~~I;8;i!.8

p~~ ]lj]~~, ~Jind~j" h1flflr[l&

~.
c

Tm.... , l'9(j 1. :!i:i'li! ,f:!0:I"I1.t'i.lmtitl>l1.!f~Pi:\(j .. :itL~I"I1. 'UfLo1. ~ i r F Th.-~ mJi:~~Il\t:: liI"~ITI~~k:Yl1iI}~~ni: ~:l:I(I]1;r,ar,;I:LmL ~ i~

'i'eanSlit':ii i[il g six are 'i1:ldi ~.r'endent df!J:Ioot.o.-r:s" 'T~~we!i:le .sno nominee ~ l[li['lr:~'l:.IlJ(r. The Clhiah-m:'::ill'l. (Jf Elo3JId ]):=: run ..
.&lld

are

Fer ~nd On ·i:i~ha.'Lr of tL':i,e !Board.

,~ocuti'!,i\e director

.PJfi 81::; CJl!i.li~tDjgat.n Bate: :J3.. 1.20fi8 m

I~S-"R. MI!:;'h~i

Ch;!jJ~T.l:11!a.n

"f~

~\

«v
30!-(!!4- 2(JOFl

30'-(1;7 -20017
0::3-·{!i!J-20!lJ1{ 29 ..·].'i]i-2007 1... ctu.llli"']dig~.lii"h Chail".i.d{garrh

Promoter /Eiwl:'!.J:ti'!j;l5j

(lQ~

02 01

eo-e 1-200>e

Chm~~h

2"

P.rrOmot ex I
Dr, C, Mtllnj:!;ll ""~'
.[II,r.a V. K M!3!!b:b5i,

3..
4..

----.Jt_M;9D;8.g~ng Director

NtlJn- H!.)recI!l'ti v;e

(lQ

es
PrIIJ-IDoteT /.H;~[JlU'ti","Ei

01
OI

5.
ri..

Mr, i-Htll!filiWh.u JaiJ:1

:E'ltecuti'l,re Director

Diretoor

---

Mr. V..1LM·cb.ta

--F';rIom'011M:'! E_x'.eeutJ.Vce --PrromDt_(Tj NQIi'1.-·~i;;1[rti""e

00:
Ii)(l

01
~I1:', 1. 2, :3.,
DiI, G Mr,

if.l.;i -' "

M1..mj:lbu

il]q. il]q. 1lJI5 Q5 Q5 Qq.

(\13
Qq.

'Ye.::> 'Ye.::> 'Ye.::> 'Ye.::> 'Ye.::> 'Ye.::> 'Ye.8 'Ye.8 'Ye.8 ·Ye.8 ·Ye.8 'Ye8 'tle:s 'tle:s 'tle:s

7..

NOill-.~cutiv;I::iJ Non p.rnmot·!O:iI" f

II:liI1~'pi;~.r;!Jent

8,~. M,e:ht~.
V"R,

ne,

Mehta

NOill-K~cutiv.I::iJ Non p.rnmot·(:iI" f

rl1id~i;~dJi;~.t; ~I!'." (J'I.

4- , 51, 6,

Mr, l~fim<.m::!hu J',;Un Mr, ~,R. M,l..In:jliL

M.r, V.K, .Mr;:hta M.r, K,M,S"
[!ii', .~.(S.

9..

NllJiIl-~cIl:Lt:i.v.1::1 N'on ·prnm.okil"

rl:1id~i!:~~i!:~.t

~n.
I

7' , 50,

.[\] umbiar

NllJiIl-Exec utive

Non 'prnmot'Eir f --------------rl:1idepr:~rlr:~.t NtlJiIl-~cuti,v;el

&d!i

--------------------------------NIt.

gl,

ne, N. DI, A~a1

Mr:::J.
[!ii', [!ii',

~5 ~5
~q.

Non 'prnmot'(:ir /
rl:!idepr:~dr:~.t ----_-----

H~,.
11.. 12,.

:i'll, A~a1

.H,iP ..S. Chal,w.lE!. S".K. Mathur

12,

Dr. 8., .K. Mathux

N'tlJiIl-~C

Il:I,dv;e

J
~I! •

Non promoter /
r:f!! !!!p r:~rlr:~.t d

~3

OJ

.~ The DJfl.:ctal"sh;l,p lEG:tltfianoo .abO'!,."Cxeludea e .•. ~~I~.man.wJ~.L _i.s~:Ap~.u<, .!l)~8, 2

'" i'

P-m,i;it(: Hml,troo lD!tmp8.J:t1~8;. 'o~c:lgn C'.®:IT.iP!1lI1~8l.fld.Socti.o:n 2S, CaITi.panf~_ F 8

Cl-~",Ii:':filal'l. !.li~I:.fI' ;':lc:I ~i:. Maft":~, 201J~

Mr. Apblrt
from

]\;I' a , !5i:_M.U!n:jlru;,

Dil". ~LK.<Ma:.li::hti![ aJ:I"d!. M.r2 .. Niinnal ~rn'Sl.!

tj1Ji!:8~'d:i:l.'~ctor;,::,l:::l. ~iv.~n

S1!.TC

:r~t!rir~g by- mtBi_'tij1J B.n the :6hrtb.icoIIImjng AGM. II!

TJ:ll~ T'~qui]o~dliln:fi:;.:L~;!I!rtiml ~rrl:i]:1:ie;

wi.th th~: notice li:ift.:h~ .AmliHEil Qet1~I;,al1iJ,8~tj~~

il"eDci'.ring
relati!D[l;!,ini.pf.l

:::lil:t:ing £i::;::'S
lOX

tor ~,H:,cil1Jdi~gthe ~ctun@i!!

COfif:ipany

PEC'llil1;[.a:ry

·tr,8n:!lfi,::;tk'il".i;!i; bf:itlNCE[l, tl:lir.

of the Bll<M.dl C0ii1lmitl~::l, there a.[lili :lr.id~pr.J1id!r.nt d.in::cio!l":!l,.

are

'i1.tlJ

Nlm~e (lif the dh'e.c'toru. bo~~s, the olflOO I}'i rMreetG1:',sinp iiI tl'l@ii'e th;rtiilllitee:n C'OinfJ\i.\fueSMi~ :iIt,e~TJ.~r8J:;i.iJfl i rr"J:l(r~' tnE!1"J te:r~ oomm~!!:t.e~~ of th~ lbon:n:.3. 8tnci! cl-"!'J!irnuuilsh~!p or mnre tiil,2Ul fi,~ Wniim:Lt1;::e8.

The' :Ei~I@.i"d.uf :DiJ~l:;tl:Ii!'~ have i!)-1.Jtpt0ved

JI.L.i:U~E!.geI.Hr;:ilJ.t."rh.e MEUliSI.ghng Dir'!!Il1ttiif'

ilii..1.d i

OJIiJ_{lp'tei.tCI~cle {Ilf CI)11Idt_~Gt ~ot" BU;liM rnembe.r~

8IJ'JJd

@.i1.d:3:eiiJ!!:rr ..
.Millmge.rnr.::I:L~

h\ill.!S .B.iTili['.mr;:d th.8it ~b'1or:"h1Bi1.1m-UMe:ulb~r

:S~litiif·

@c-k[l!owlcd,ged the MO~iiPt. oftn"c' cod~ ob~·cooo~u::t an·dJ itL.s;s a£f~rm.cd ·co:n'liill'liS!n!DE ·w.rth. tt!lJ:i;s. QCGE:_

'If..,.
~

~\

«v
.Eb~ At~,cllit >l)~ITIUiruUer.::~ !'JIf thr.:::, ;:;~~i:Jp,:.ulY~i1OSi_~t~ '~If'l:h~e di.:rr.::;:,:.tO:~..!lli"1,d. ~~' ~eJl~ are :iin.d_e,pr;:,'lL!:D~'l~~<.U~!:D. . •~ :w_l!i:I:1executive 1d!~!I:'C:l::I'tCi-rK T.t!!.€'OllaJD1l1i.Sl.!l1·o:t ALl.dLt C®iITfJm:rl:t£e, Mr" KM_8.NSlm.b:isr ~8· a .Ei'ellatw ilT.te:mlb€T. of t!lJ.c If'i&ti;blljli~ of f'JrJm.pa:F.!iy Socrm1.ane!i of h:'!!lil:!!l :!!lila M;a; neh ~I!!!lil'!n!r.sl'! of fi'[~a~c[Ei.l :rnartbl!rs. ;end! ITLF.il,!!3!.i;'l!':lnl'!ITt. Flc~eIT~eetl~ of Pli.I!l~t O~):rMaittee were ~>eLdi during the fliJ.ar~ci@j ,re,..1 2007-08, Tile con~;ti11iJ.tlil){[~of @i~JJdl.i1 J
ruJIL1~nittee. ,ruilill !:.lUeindilll~ Name ·of" rn:rectom

Tiu!T.'[; Is :n,O ~clu:njary' rel ationsL~ip or tra;rn:!i!:il,Ct~o:n,a.f'!!h.€·,cO:[[1JiP~!l1Y' V1.<jt!h :~Il::lindlepcndcnt. dir-eciuil1i. 'cth!::!r 'l'ihSi.iIl payr.r.H~~.t'nf 8~~[[t1g D~ D~oJ!I~ a.t.tL'm·diin;g Beard :!!lnrl iDnnub1!iii:iDf!f!lUf!l'!tjn_gg,. All [he D~mJ:r':~:cu.ti'l[@: D~~IDI:i(fo!i: :!!lIT.: p;ji..i:~ tr! WIaY CiI rtl!QQ1Ih.J,y :remI!lH>eI'~tiO\t"'j ;ili'1;~ no Oi)~"fi1'tllf.!;~km.'(jin pwfitf.!; :is ~IT-l.!d 'ttl M"'~ ,o\f ttie J)ir~c ,o\t'f.!;- ~~e T ,tllet(lliIIs o.f:remw1ef,atruit.L pm to t!N!ecutLve YWeetai"t; :it; giV1!ifiM;. per,,'\nr,eN)HT"iE::' 13 til) the Direc'tt):it'S.· :R,eijJt):rt. <

IjJfeacli.

ineIli:ilVex

are

us

u:rnle.r:;

CatiCI.i!iil1f'y

D~tlo:r:Jl

BIa'.'III.cd

~ mended

T11l0'ul!lih, 'ij:bc C0mpEiJ.liY L8 not mSl!l1da:bmry r'DQJu:i:n::d to :ffo!rruriremuncratiaa ,gooo COWP0I;',;.;i;t:e Oo... .-~,rt:lanGe, ;Ji, I:\eml'!!ne~.(ttion commi:l~l'e.e h;.;i;s l~ei'i {:o:t"funJ:ttee areae Ufid.et~

C0~lJ1itt~"

hGwc-...~c!" a a

a i!liC8tll~il:' ,O[

!iXl1i'i:'li~i:l;J.!ited, The'

mel:"F,Iiitl!~,FS 'Of the

Dr: .. !R_ 8.. !He.d:i

Thc'

IO['fcf)l;;"rc1.l!cc· of the ailldit C0!lTnJJ.l'Lttt:c arcirs ;Ji}CCOm@Jl!Ce to etasue 4'9 ,OiF 'I~he li!~dtffig: ~pemellt_ 'These h~~.'!Ie been ,@.ppro'!!ed by the Bctl.n.i atiJrj
tcl!ifJ&

4.. 'riOI

lm'Ud! ].]l:cn.oJ!Id!~C'Sl.! :i.aC!118SjOr:i8 d witt!; &'taV.1'oo,IY alJ~dito~ 011 the !1i('J!)~e'@_lfilii ceotent Qf ;!'.llJ;(ijit
d:~CIL188

"rhl::' h:nn.:s or EJj~!pilJ.ii1.tllLe~L ilJf wih'lJle time dil:edl!J'1.',~ ~

:!Iha:rehokl.-!3:!rs and :rn!;::;g, .appJ~cajJ~.€, tID the during tl'!!l'! yeaI'_ Geme:t!iJll MIII.y mec~'np D~1;~ji!S Qf
10_ii:i.1; 1~h~
OOm.pa:['I1Y.

There

gr.FIl~ITl'e.clI. b:y :~lUlti!:l(u u.f EJu.brrcll. oJ' ~tit!:.l(["8 WECS O:r!!.€' :Drce€-ti.n,g o[:n::mt.mera.ti:®.n.,co:mmit.tee

rum hdd

~ncb.:Ld,!::tbe :lhUillI,,,,.L-ng:: '~, T@ ~'iliii1;W the

5. Till'
6·.
']"1)

wil~h the .EJ.'Ud:LtD~

1.i![P1

SIJJi}'

:;J;§.i1.ifk:nIlit
,a:rod. tlsk

:fil:1.dir!ig~ ,a:tlld f'Oilow

theresm

..

,q;U;DT~f'ly

,;):I'lI~

stilt't:e:tIlietU;S 'befu

we beli~. sue mHed. 'to 'the &~'t1.

y~;Ji ccly liini!i:l:1!c;i;D~

AmuJ,.J.1

'O'i1;[j~I;';jiJ MootiuEtcfJ;

,@,f,"~'

as 'fQ;'I1QW$~

:2. To 0"~i!'::r.:::cr.' [he rnmpauy".8 flir:ia.ndal :rqporun,ill: p~C~'!'!i ;;)JlI@. '~he d:iiS'jiG'liO&1J'f\g 'Of tts liini!i.uc:i@~ litC(lf!H~tU{lfLt{I' ensure that the Wl.~u~ciaJ~lale· ment are cilllro~r;tj !n]ffid~lll.tWIld 'cred:Lb~c.

:m nu:L8Ig~ [iii ~XI t :po:li.c:~~ ,. 8

re ... e-w U:'Je oorup@.:r~y·,s tl1ilfilc.lru ~

~w
Ycru'

AmIJ!ud OGnmilil
~

D~

Time

VeilrU.O

:No. of iSpeolali Re!!Olu..ti@iWJI

3!lJl..A[I) 1

7'., 1"'0, e:l"w~~.l!re ooompli.i!i:I:1I~ QI' ifi:t;er-niiJ

tem,

Qj)1i'i.'tF>Q\1 ~!1i-

29 aa :ma::r be
20Q5-06 20th A!G.M

3·, TCi' ~i;i?'W,

ac.t ~.'111@. 'I:'gpo!'t to tih;il: ~;!!1Bl:'l of d:i:f\@Ct'CIr.~ 'Wittl respeet to 'l,1\l:.fl~rt]s ;1UC:Utm.g atiJrj .n'lJr;O'lmt~i1g matters, :i:nciudifllg rec!J(rnim.e:["~cl.~tiana f.. a'PiPOUr:i.t.mJEir:i.t 'uir.idapcnd!r.T.I(, arlJl;d~illo:r.8, or of the iSJ>OOI~ 'of @T1.IfIl,;!l~! ~,ll.r;!,i:C!j;"

8.. Tio, conaidee ,81!l:d':i. other matter 'f~q~.~i:t"e;rlby 4"h~ Boon:!!; am;.!, '

2JOO,{
~l(i!-:::'

Se~teU:1'bei'" 8ciPtr;:,m.'bc,;

,!,IO:.o0A.M ..

:8<. M.S. Lobana

B:hi!:liv::m- S~ctor'

Chgl_ndi,~_lI'h·

...

.'

_ ..

11 ;,00 A.M., 11 :,00 A.M"

:2DOf:i 9. l'io, ,~o fJJru1 to ~!9U1re CillliiVlp1:l.s+t.TIir.:;~, fJJU other 'cd' mattera ;5(PEcl:l:lcd under Ic'!a'UsE 4-9[ of titJ,e; ~~atiil1,g ~~~me:n:t,

''l'agoDre TIie;~tt'e" 8c!"J., 18. Cn.c:mdiigarh. - d.o -

0 1.

19th AlG.M

:::M? Sept.etHlJer·,
:liDOS

b]
c)

1.e'\i'.L~1!: remJL~J.erutiJDn '!:J[IlT'. Go:~.liEllMlmj~j) C.ht!.lib"TILbm. To ["CViae rem!l1ir.i.cratJtiion ,alf:M:r.. S_R..l ... ]jri~.t5J, Mana;gfi.iI1,g m!l:'e£oo!r:.

"fo

'Til)~i$e

lr-em~).~~rl1ii4:.Lr.i(f'IJ {i[I)(r _'\;'" :.'Me.h:i;.B" "It;. .. R

MB.1:li;3,glll,g

mr~i;:ti;i[';

d~
e)

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DII'. S.'!;;:- Ma,t.hU'f

i'lJ re'i,?t;se retIU.1,ne~jtl(l{[i 'l»fMr. Him;J!jltJhu .J.::d:fI,JI!J'i:ect~tJ~ Dire~4!Ci't. "Eo rJ.e-lfut. :sl-~~ aft}le. '!:;WElLi;!iJj[l)!' iro-m the Lu.d1-iJl!£l""J.!ii ~!LUck E..~.cht!.!ilj1;g.-~;i Act, 19'56;
"Eo E!:uth~e. :!J!.IJiio'lIl'!!nt illi~':git~ ir.::l!:s'Lilli D,~ct.ars,

"To alJ:th orWZE :~!ll ttffirJ.c;tlii: 'by l'i',i l:s :t rJ. ShSiIC C at~ italof tlt E C O[1f~IPSiJJ.Y Vir.:::: ~.-~ 'Til)atl.th(!lti~ 'hoIT-.nv ..in!E~ arid tn ~m'iJ:irl~ ,5:l'!!.';:1;!IT,i:t;y l,;md~[' ~(;!c.tiOt"i. Q9.3~:I. ,rmd {d.] .nfT.h~' !l.)r.iT:i'l,:p_a:n~~;R; )~IBi~

h,'
'.'
,i·

:MiL Himanehu Jail],

{11'1 "'}'Ci-9-~I))£~" lQ one ~~cli!j m i'efJo~utl0n itUtlilorl-:I'fllg lBf.!;"'l,.te! 51~liifies as per ®E-B:I oJ liErrwp:loy{:.)l_':S ~1ixk ClPD!JJi sc:b.iJ:;:nm;:i!lf:iti!, i!:mp~_IJ~e3 stock opu.:m. p1l![i!iba;se)gJill.dellincs.; .l'lJ~Jg; was, pasaed, J:11I t'hg .\\!G'M' hel.rJ ,on 29-00-~', ©f:I~y Ql:'tg S~0i;:i@1 f~80~r!;iQn :~!",.;f)~l:lig ~Pl"'O~I:li;T'i1.~:t; QfM!l"_ Anli'i'ie M'E!alt~~, W.i:im P"fIJ~ ..

I:tli the ,.lj,GM·he'!ij

~ ~

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,iii,

TI:1!CTIE...... ere !llfl traneactsona :su'bsldiarle:s or rel<lti';,~ ete,

of :matcn;3J!nature 'wii!l:l:i the p:mnl!o:b!::rB, dlr!?cto!r8, maIL8iJ::r.m.cntor their Ul~ tl~[!lYh[c'!i'e ~OQ)efitioo t;onlli.et ",1th the mtiet'Wt 01 ttm ClJrf~,~<JiilY. onfNC!!oo:r;!J!I1!:i,
Ar.iCC!lUJlIij::;;

~rh~ :hig:h 00lJd!

M'SK'h,:2

]illIW :piI"J.oe::! oHhc DOS 3J'!'"Il':; umder: ;9;!'l,

GOiiTI.p8my:::J

share

(Of:R:£L

2r-~ncnj at :Ema~: mDnthly iJ!Sij~i!!i,from April :l1iJ1Jl'7 to o:n

,Ii,

"F:l;'ani'liElct.lol!!f;j~mii:'b the! :re!~ait;i!!d! pi=frti!~i<i f:I:P~ di&::'~iJl8if.ldl i:I'1l Nto-t!.'!' No ..26 balance ;She!:: t.

i:I'1l ti1Ji~ Ii!i~~,ch€:d 3:;3,,25

3Q.19~
a,

27.,00 Q7 ..9!o.

7'(11]15.5, 44.B12(11

,Ii,

The:B@ 'ha~, ooeil no Ul~,t~l(le (tiI no . -~OiIT1!~ilJ.ij;;i;n~ 'by 1h~ ,cQixnp;Ji.fJ.Y ;ii,ny m;Ji,i);~r' re1!lted '1;.0'C;ji,p~t;;il 'O\t'li mru-KetB., 'f~e CillilTi1lpan:lt hrn:> tQo:mpli~cl.'!,';,<ltn the .n:pp~~u8l~l~' wn.ilineV\e:, ~,~pjje::i to ~.he oom.pany l!01Lw8

an

2~l60
J6:gJO
301.40

25,,95
2'7..150 ~5 ..Sn

186377'1
292.18153
109158!'l.'j,

,..,

QU!3J'rtcTly

and ;Ei],l!ll.ual financial reaculIDB :Pil!ib'~!8hEd!

@eptem'ber, 200'7
~!11

31.'96
29':90

2'!,,9() 215 ..00

12.J,16~'2 :::319.231

- Th0 EQl):i1oi!'ftLc 'T'ir.ileS - 3u .i tll~'S St&i~ld;;J.:t'~ • Navhhatat'Tim'e:s - D8i1inik J~.:JjJ'l

Octo'bGr;, 20(117 NQvel1:lib~T,20·{i!7

34,60

:25,J1}
J,!),60'
24 ..00

1.9:22S2~} 139018'993
4:3615673 14;801.3'1

Dece:tnber, :JQO'l
:rr~ll!r'I,!I~ry,2~JO$

4~l90
5(1].60

'I!!i'

UiPJ.o~l,diil;g,

{I,f

1J.:t~illil,e~il'lL i&i;;;lte;j:Il.'eiit~ :lfi,d1 shi!t:t'ehoJ.dl·

te;

g IJ\iltUer.fi

ti\t~

EJ:HFAR

fJy.§~,efi~ uf 8EB~ on it 8, ~'lJelJd.t.e

Oil

34,30 2g',,25

Q"l',,75

_.!!Ie'b~d:lfi!l!tr'.!I:d.Ci.t!l!l!_
'I!!i'

M~h,

200S,

19,,65

l3,5~sir

pr.:ri.odi,ofti:me

AU the pt'e~ :reJt:a:li-e~ relevance '01'

the

mVBstOO's

are also inade iilva.il®l1::

weht5IM fOO"

,~1:r1!:<JJsoilJ:lhle

}Ii" ~!l!I,]kit:M8~p;m,e:g,t~I.-imj!l!;,iI!!d

Ma!o~:eiDH(D,t:

:!D.i&fl'lil!l!iIiBiIJD!rl! .Ansil.faliB .~ldrt ,aoiI!

D~':::Wi!];!j;i;Q(f1J ,a;nd

~,u,mt::lnd~Sw.ift
2:-E,l.21.,

Lin'riled}

Ii. detti!li~0d :J:i@Dort'(iin M'8na'E;0m~nt Ge~'1fj!] SIu.:..Iehiol~e-:f ~n:~i!I!t:jgn,

AnaJJ~;':::' :J:i@Dort'ffCif!ffi~ E'.a:F.'~ 'Qft;h~!;;

~PQJ:t,

.n~::3:D'Lr:1~EllB!j1 E:xte!i:'~~~(llf.l,

22nd Mu"lu@j Qeflle~al Me;e'l:1rlig

Vil!inilliI!]~

New- Delhi - li1 O()~5 T"el:· '91·11·516A,iQ060·63 Fax:: _. + 91,-ll,-.S 1. S40(~64

E-maril: aku:.Lki,]@ru,,"! •.ukitwQQruL

Tr:a,n, s,:f:,e.r I ,sJ1;m,e ho ld e r s r

B ..M ..R l...r.i[b8!~;Ei, Bih;a,'Waln, ,S!l;!~I;Q~,-:;to-A, Ch;!IJ~i,l.L~~h

F'b:i!l1DciJHiiI Ciii1eiiilld.!l!ij' ~
F1rl"l~j

S'.bare '1':I',IIII.n_I"System
'Ii'

~.r11ro!,E,: fOw 1lte MlIincii.ciI Y0-5i.f ~09 ~ Q1J!~"I"i:.eT ;::!Il!r:i:U!ll.;!,l: 3(1;t:n JlUillC 20(h8

~Q~

Th e

.s h.are

eecretartal
U]~=!'iitm:k
,II!

Ad,Ci[pted.

IC-rI!

3!lJt:n Jlu-y,; ,200;5.

QU;Jiif-tex endm:g; 3~)iI;,l1l e~teml~@1l' ;2100:8 S

Q1J!SLIIi.er !::!Il!d~!ll.;!,l::3 hit n!::~em'b!::r Q1 ;rur-tex e[l}~;
fl!'J!I'

By .3,1 ID~ October ;100:6,

B.:r ,3,I:::1t JlBll.T],l.:Ii:iilI:Y 2(l;ij§l

,200;5,

31:S't 'MaxcJ.:lI 20{ll9

By .3'Oth April 20{li9

iTI

,liJITH,UBJ Gr;:,'l~!::till Moe!::tili'lg

th~;:tF"RJrli5fil;:T' ' ,0J1tdi, transmlssion shares, :ii~s.ue ,u.u r!ic a:b[~: :!illh! arc I[ ~ rti:fi~~ a.t)E~(!;l ,:'.IiXitdl 'irld:'.li tol~ d. matters. The tr,iZIln!S]en; <He precessed '!.mtbdn 1::1 d::a,YH i[~~' ~bcn~c~:~pt the ~:'.IiXIllil.": s.u'bj~~d oil:' 'btl
G·:ril;:va:nr;,~ C(_Jmm~tbr:il;":

or

,:'.Iip'~~!i

or

Aii;,!!!iijt o,f tll,e: cO'mp1R:,i'Jij' on ,q_uoo:'terliy basis and repert is being med with
~~~[ihI':liXii{gll:S_

'iiI' ~/."~ ,II..,

thL'!' Yi?aif end"i:nig ,11M. M;R)~lll :2f1i09

Bi?ptL'!TI'lbi?!i" 2009

'me 'U,",011:wfeT
valid

D:l!lti® of l;i>l)ok elosure:

c. Di.v,idr.:!lld'pa~r.:!ll,t date:

:;'l3'ni iSep,re:!'tfbe:r 200tB, '((I, 2f/"' Se~!tl1!m'ber (bctih ,ci!~~~,i['jdu,:o.:;i,"!::,~

25";:"

"JOQ8,

'on

document being complete and

a~~[)

al] :re:!1i[FLi[~c'I]ilT1m ()[~IT:~miltb;m ..

men ~.to:rs, the

,gr.ievruloes,
,\&'Il~n~ no '!ii'

o ct:0'lbCT

2o.ilJI.8

d,

E~uity ShiJIJ:'es,Oet~i1~ :
SiDDCk Coo!!:' BSE:: 3246~,)2

'of" 11lll.'l'es;tor·[S 31'" :M0JTc:~112008 there ~lbJa:re:!1irendiiill~tL\[!iir ~IEin::1:li~r.

A~
O[IJ,

redreasel

A"· ~ !;ugnmCiI1I 'I,., • tdl , II'!I ,. ' 'to. 'il" ' - .' r', W' ~~ ... ru~'~~" rH_ &ppoitI~ed by' the Company ha:vre, ,Elrlef{clLffite: i[l.fr.castl!"Llcrnre to GSm' Il)U the share t ti!",M~f,{:I"" t.r:f.l;[1lsmil.!lsi!!J[1 ,iiUld ilJi!lJie,i,related ,8J.S&iigmnents,
,,"'['1' .-rI,

',~ an k, .l.~

and

T.rml~1~ AgeILII.t

1!Ii

Titlie Company :i':1!asd~.]r'i:n,g 'itil':lie ],fte;a,r. u.l:.1ider '!I'~ ....U.e'W ' :t~;te:lv\f.,d :2 5 iUotn:pla,hr'~'~~ ftiL'~:r!!'J.

N~E: IN[)~WlY'Tl.:TD

-rib e pr actis ing

INE7,e;e::l~ilJi10:2S,

CQm,~,@linY Sf.!'cn~~ t a:ry ,81plPo.~:n:med, by the Board i~ OO!tl.dIL'i'cting,

8hi:'./I~hold~:r~ and all ths 'been Q.lfy settled. There

oo.mp'iimilllt. as
{iiili

'OO'ID,!pi~t'S h~'lfe W,8JS !i:'!!.00 pending

31 o!l1 March" 2~O Ott

A'iII ~

~\

«v
~~ air
KG!..

of

% to lbatali

.&m.mmt

% to mta1I

A:UDITOR,'~S :RE:POIRT OX
I .:.
I. ".' :', I,,' ,",

NoOmi.n:.aB.Vdi;UII Qf

(Rs·1

~'-~

(In-.ll 17175.~M 233

[15'1)

-I .", CO"'RPO","", "'RA' T"Z G-'0' . 'V'"E R"N' t:A" "N"'C- "R
e'_'
I'

'•.'. ".'

r·,",

r",

"':'J

"'J"

1.1,:

"'...

(',.","",.

_'

',J

'.'

I' ,"

1'_

l.

'.'

.,'

",

-.'

",:'

"',

J',

"' ..

__

,"

.t.:

upw 5000
i5if.lliJil 10Oif.lili ito

'94.. ~ 6
2_7"8 L2iU!
0.3.3,

1529>&7'00
.38J~ilJ\.:l!!~6 .3::H42108 1;!'j·834·22

20.,57
5 .. 1..3 4.. 3 7 L9!J 1..7..:g,

iconi to

'T'he MM1.ber.s lnd-~'N.l.tl.l:in-"'t-!:: d.

200~iJI

Ch8L~d~~h_

:::HJ.QOl t.o :3 0 eo 0

30®Oi to ~,OOOO
~·Oll}O1 10 50000

j6
l

0.20
0.0<9

i2~Ki[6i~,
757"1.~O
-407';3,],58

SQ{IlOl to lOQijOO
1 ClilJiDO:i snd
:!l!ib~T.'

17 S?
.5<8

o.s:
0_3Q~

1.02
5,,48
!5g..~,g

We .OO'ile ed ~ th.~ eornplian •. oDf: OlJ'I:L-!:lIitiD[,~:5 o.tC.'lJrpD'I"ate ,G>lJvern.;u;~Ge M f s 100 8;,,';,,i:l:t Ltd.. fur ~ by' the year 'i3:oor:di. :3 .V:i[ March ;]O!D\B ,13;9 .:::ittpi!1ta:te:d :iin CU8.t.lSr.: 49 0[" tl':u:; [;u:::itU:r.i{j: A,grc;r.:m.c:t-wii: of t:h€· :said C!'Jm.P[U~y 'lNi.th Stoe:"ik:E..}l)c.itta:l1!g~ l:.~_ (.!'
I'

4408.5.912 7'ClSll,7·Q'

TOTAL

:18140

1.00.00

:iI..OO~,CO

ThE: COlITl1ipJj;Sin-Geofti:Jh.e ,ei1:t1idj,tion.8 carpccate ,govcr.rd8i!.TJ.o1l! :~::: til:L>l:; :re.spo:r-w81.bdhZY of the managemeut, of Or r ;?;X3Im:ina:ti .... :L!1; lLmitL"!d to iEI. :r~'iL"!""" {lIT pmdne:i:".T',!I; and imp~i!;~e:I:!;ta"ti;n!l1 tl'lli:".mr:i[" ,adIDpt'M. by iihe n

c©mp;.'.l.nJ'

f{li'

etl"'1JJ:'Lng . he Ol)m:.p~.rice oi ttae

]t i:=< :ro.ei'lhei." !lin

1ffJ!e. .:=<EJidlause. c tihri COlITl1ip5iny.,

GenI!'!T,B.l !fitjlh!~c

8OCI:·ciIit :na~

01:III~djt.iil~t)iij, cot'u;lomte ~'l.re:n!~Xl.I::~ !!:: of

ElI1. ~Xpre8:3~0"Il.

UIf O[JJi:r~lJ'riI. ,!:!'~". tiri.e fm~

~tiiPw.@te~ Lil.
'of

:5tE.IJ~e.ilIreX,t8

:Mutl.l!al Pundls &. 'Fi":!l: Directors and! refativca

:!.•:I'D~391.D l.cOl].54iJiiJ 13,§448~3 933824'0 225415"7

.3~_14
2.7U
36.4;3,

Bndiea !Dri·rpoll",ate.
N!Rr,sf (lieB':::! Hi.

3t3_:~.2 O_c..1 11~.QO

iI~![lUi[" o:pmi.'lJn <.U~ciI.lLu the best i1.1f our infilli:ii1IL~lti.on !illnd <.til..1Do!["lclliilg tv '~pb.!.1~J:.Ijti:mi :g5.~'"eIi.ltD' ua by the Directors ,and. t..~!I:imanSJj;C"~rr.Jcn;~. e. oorti:[roy that ·ilh.c CDmpB.:[11Y has lD[]m:pJ~eCi. ·mlth. 'ilhe CDiDJd[itij[]n::: w ,of !l:)l)!fpo([',ate. ~)J;~;.r;ma;F.'.I1l::e a,tj:pu]li!it~d iEI. in tb~' ~ib!l!i'O-'"L'!' m~n.tionoo U!;;"itLr:i~ 4q~r.b1i~1'IIi! .. .l.:..'~
L!J

'01.:.

u,

ToQt:!!lJ
hm.aibii!'riaJli.sia.tlolli. iIli,:F" :~H:~iilmi!l,

~7~,18~70

!8EJaoo.

o:n. the mco.ro)9 mEi.lntaiJ:!JeCi. '& c€ri:i:rur:di. by the ;s,ecrei:Ei.ry· o.~~t1:1:!3: oompB.:rrry thC'g ;;IDC iDJ!]' :i:n.'!lC,E&'lJr ~!11"';fBflc.l.'!a,p~nrl:iF.'.lg B~)Fli.f!lst ii::thl!! OiITL any' far a. r8~t'.lIj 1.'!~C.I.'!~.Lr:ilB ~onth ,B.;!!: C P [Dft ;[jfl.31 at M:!!!T.:::"h, 21008..

Th,e ill"8IJ-:e~ (if. tll.e CUinjN.UliJr .E"l.:t'e beit~g tr{u:!le.d iii ;;Xi~npuJ;:wI)' de~lil!:lte~t11 :FOnili. ct'.isur,e:d! C:JlmCaii:LvUi!y w:it.ti. both the: dCPMLtti!l".i.c~ l ..C N'a;t~G:t1iaiiBe:cu~i.tir.;!I; D!::lPoaitm-y
Cl'"!ntral Di!!poaiilDX)' 8erui.oi!!8

Th,e

Oilll:tp[8i~' lli(t~ l.;i.mi~e:d sud! the:

~h:~dl;l!J' Um:i.tll'!d.. iv.t. li:lffl 31··' Ma:reh 20CltB" .34QQ;706.~,e:q.1..!!lo/ a:1:iJ8!!""Il'"A tlli!! 'Df
I(]w :~.h<lre

.voruP(IJ!1,y a .tOtil1'mig 9Q;.06P~ of

{,El:pital

·We. furthi!:T' stat€· ith;Si.t. 8'1!.l'c.ih co enplisnce ~8. !lK:it:h.i!:T an ~!.:..traT.icr; a.:!3·to the future l,;i.ab[lity· of ith.c !l:)l)m.pF.i;I:~'Y :l'mr 'Df tful~ 'i!;"rfidefJll:;y' '1)[' eff~clj.wefJe;!I;!i; ~.th wl:!iic.-h thi:". managf,mlen.t ih.F.i;s; onn-dlucited the

0['the '!3O'I(UP~IlilJ;' ~t;_ljlld demfij.t8~r;:d.

ruf'atr~'oifthe ~i:!1ll'.L'J.1W.
FQ'f J .K. J';it<I.ii&. MiOCiLA;t6i

Ind-Swift Limited 781" Imld.'U~trli!i!.A.fIe~~·IL. O'1B.nJJjg:ar:b 1600[lQ

Pia.: (~172 -~638rS 1, 26J8"l8:2 ~638-r,86

I'

C~1i7J.x~eft:ct )orlM1~rit::5 ~

Fax: IU! 172-2'6§i224J.2~ We'b~Lt~; l.!fW' 1·1·i;"~(3.;i'A?ft11"d ,§}Offfi, W Cam;paDY Scc:retll.l"Y &. 0DilEitpbIlicc: o:rn.cc[' M~., :ft.Gi::_Scod!. CC'J..Ei1'J di g:.EiI.h .l IS e (I![lQ: ;!1!-mCiiJ: r;Om]'~j~~1:rlill8"'~i*Lt'Am :P.!:L:: o 1.72,-·2I5J87"84 Pman~
LoCcli.tl>OIlI.·I!!i~

781" lru:h.li5t!'b;)iJAre@.-U

It J,,:K.
"
Place: C!h.a:l:1JJJj@Ei.rJ.i.
DflilDri ~23-08-.2008

,Ja:Ii!I!L.1

:P,a:rnn!l::r'

1 :2:3 i ,6iDJd:ILl:=< ~.:rkJ.ro--ea i ,P,~e -,Ici p.m-~.cliJ.m1.lE! 1.34- 1 09 (ffiuy"Ul""J.a.) 'f'Llm Nfl<. 23, SI!;!l;:"OO!r , P.a:f!l;Il,anOQ, [f'Lf"_~ 2 .P.~D<t.N·D<. 1 7 - B ~ S~(;t\!JIr'-:2 PHl.I""W'.HlI~.Ui 0' VilLa~R- M'iEllk1;il MF.ij:r,~., BerliJi(H ..IP'_)
[i

fH...P'. ~

V~,~ ,,j~'W.Eibillil:pLIT·, teh. .E)e.~;:JJ.:5~" (IP'u:w""lJa b) Ili1dn!'o'it~a."i Gr-f.fmh C~!I'i:l;l:'e, :3ambiha, ..]oE!mll1inp,&·~

~ ~

~\

«v
:lL,
~!rJ!dJliI!lIltr'f

h.!Nlil!i!(!lltib!Ii!l!l ,iSiI,lG:mwth

TND"d

,c;j)mpliii;:i!ii'~,ed iIIH.HU f;a,C't,url n,g 'bc:dm.oj.ogl-r;a,. 8trD!l1g acie:n,hfi:c a:t1id, tec.hn!"esil :tlKlhpO"!illlM' Mid iPWi'ieem~g l,'l/-urk clniloe liil pl'ooess 'ru;:l8lY

:r€ql~i:t'h1g

trernendoua [progress :i:[1_, i'Denna of i[".ifr,as'trnc~h.J.:re ,.;le'l,UiP.1TIl,eiil, tee~'Li1ICil{lgy base {:ieilticm aI~tll!il,,_I~e :rair:i@):: ,a[ :p:rMI.:lCIDf.;_ 'it haa, ca~lbJiahcd. i.ts, [lJTIC8CUCC' a:i:i.Y, dd~:Irflll.n~!'tioili to :i:1!Y!~ri~,h ~"i the. '!1~1ill~git~g IE: nvtrOn:ITH!;fj,t. Tl'!i~ iiniJ.l,J;R,try ~lj"jW' :pmdl~];r.l'ia, ibT Bik: drugiS 'b~lonELnE !to' w] JTI.IllJt!iI' th~r~l~Ldic grt! iU.p!:I,

T~l~Inflim1. ph>l!!f'maiC~U i cal 1l1rJ~_1~wy has :sbown

Ei.:rtI01J<ir;,

gt!J'h~ i..-:L'811,;IiI:irnlg,highly De,guluiJecii nlAi1T,k~s uf. US, .],ap-all and AUSl:!;ji]ja", The CQ1lUl1-r-g is also
'rharmS! The E-KJportt> constitute .;;iInl!Jili't tl·O% oJ
pc:rti'onnEiJ.'!!cll':' Oin, the

'rbir;:'

R&D .u~ti,dltie8 l!Jif Indian o!Jnl]_'~ 8ID1!: t;ugetli!ldi 'biJlth at N@.w Dl.ll_g D.L~c.D1l~!fY'I~l~8@'IaiIF.r:'h,8.!!:

;s.:hov.i:ng ~lb3i!J:t
ex]:!itliit .£runt

well us NU~'d Dtl,;L:,§. Deli,'!!ety,

"rhr;:' b~g :~b~re:r:s

@ysteti:u

s,

'0'

'.. 'Unri!.eTd~'l!{,WiPiL-d rrdE:!]'"ln~tl'Ur c:l:'.m[!J:Ii~C B~!!ll.e88C~., 'rE-J.e :t'eo;)g:rliit101f~ '0[' pbarma{sell.utl};ll ,@i!lJetHS ,Ja.llua:ry ::;)lfliO~ ..
,j'

room

the wt;.'ti :pharm;;'-JGe~UJG;jil~;!(IdUctlofiIn IEotUawbich

js a. total 30% We!'" annum] grO'wth in ll':C"l:lDOrt8i[i1l,!'CE"' the Jm~t .5 ,]{ems. IrmJh's !p·b~I;Ltk:.i:U ~;:orport:s were (co. the t"lITie' of RfJ, 140 'bn in 2003, of wh1ci", f,n-r,rt"lul:;,-,ti,oiri.:E Cll:inttiniU'~i:: :t'!lCSlil'ly ,IS.!:~% SiOO the rest 45% '!:i!:ll,me:!;, from ilie bulk d:m~. 1l1Jl:: f!:lnE;wIEtfu:lJ'n:s eJq70~~. ~"'e lat'ge~ 10 ~:le: Jopi.i~ tlatih;!<lliil. ... e CIS, ~O'u,tJ.1 :~8t .ABOa., AfrUc.a. and! Latin Amctics .. 'hli tJ.1C la:st :3 ,Y'~E!IS ge~G i'2l:,po:ril::s ~D' devr;:~op~d. eeuritriea

p(BClduCUi; and, uclu::r n~I!1.ti ... q:~ly smaller :P.IU)!~T':S.1ne hUe~ 'W,W ('!it:h~!'" C'[>[ji!'l~ diJWJli O:I:','lb('!: t'Sl~r!i OV~T' by l:!!i~~!'" plEi)'\~!I".!I;"
HefiCe U],e, 't:lI:lrr.CJt'U,.y oo!n;siJ~:id.&,t~ furfher, .f['agti'i,0tiM~,

IL,r;:W .....,.;'11 '~ook ,at 'bl"afi.d, ac:qlll,L:;;~i.r.~[j(l'lj fl;\CI(ITL

will spe;:!iclJ up tine ~h

'0£

,8ti.:sb"'1:,gt,I,emiJ:fi.u. fur. Gen.eric

!1rugt;

'., (ll,ij)bal Ql_l!-~~l,l'l;\cing l"'.ib~ :~i1([, ];i\harTI'1.'!i~J.'l;iea.l.lj; prodhuda_ I!!] I~le.r-·~_~mg l~ta:,r]1act11fl~ 'by~ dO~le$t1iG flirri1s~ 'Th Hi 8!h
,j'

gloutiJlt"""

m.uut:;tr.y

iI1i!Ly

d'C:Vil!l~:i[lJm,cfj.th~'lr.' :ma.d!r.' thc::::c p(lt.s~!il:ik'. ITld!~a. ia, reru:r ..... ·,ned, <.U:j, !:.ll'lleuri thr;: .le.m:llb"1.:,g glob-ill truu,pe in t~~;P.::ma~,l;lIf1'Jet'I;!Ilr~ 0f pil:1iaITi:La.©@llti!l;aJ3- :ra.t:ik!'l:4th. worldwide .iilOOD!!_m:hngfar ;S,% illIfWCiT:ld'l3 ,prud.'U!Gt~on 'by 'volume @JlId 1.5'0/:, by vruue', This :tl!lfJ1ClflJrid:!n,g lr.;aca!a:fIkm ira d~.c' :~nd'Ll;strJ' :iilBB, ibce:n. :mSi['~r.;jj, by ';,\rtue '0[' tile';" ruilli.0f.L !M:~efitlJle t[iilt';fU puCil of 'tJ:cus t knrr .... iUi!;d@i~~d ind!!l !ii'ltry. l .Aii)i)ol~rJilfig 1;.0 ;r,JJ'i. e;s,1~i:Fi1 ate, 3900 l1i~W ~€:I:i~t.ic :prudllllda bs.~)Z''becn j;:;j,lU!i!lChcd:5'PficiaiIy:in Id,!Nrteatic :rome 'III 200;5 &I"l'!il. that '1)(1 rn~y~ted '.1'0%!Dr Oe:\V launches 'rnOI rtihifi dnmeatic mark'EIi but the th.~!I1,ga, :re~t:;M :ill. tih,e ,E~u~ttwu yeat,8 ,ftfc:<e:~ the 'p8Jte:~l'l 1i:i(l'idU~;8nr.!J!' Qil}i]f:!-07' &. 200'"7-08 at:: 'ithp- i:r!lch.l!stry' 'hIaiS, .s!!:~n majority I[!if'new 1a'!JIll.t:h~::! o'J' MNC wh:L!:!_hboBcils, pa;~nt t~'Lts. D0f.!1e.St:1c ~e-GtIO:r cornr-e_;[1~i?~ h:jii'O'-e' :laumdlJDI:i! r~ew' p:nxi.ui::::fu8 only' in iPe:r:m:mta:tion:2l &,

'D'!!('!' !ndia.n J!ha rrna al!!:ctl!'J!I' i::::, gmmng ,~xrci\l:'!!('!n:iti.B.ny' ~"id. ,~e.ctPi:d tilii :~Pi:<l<.:se 'by U8$ 100 billion in. the next :f~W'ye:;'-HL 1'ti:i~ i'lui!ian ,com~S!!]:i.e8 Sn:!! ~Hi!ng t.il:i,~

h;li.-.'e''picked Ul}, In t'l:1iecorrur-:tg yeru'.s;.

us g.r:I:".iJ?'r]~a,rnia!'"kct

0~1~"1g

up of

and. ,Ant.! t~IDB :l:1'I!a.rkct:in AfE'~ca,

,Ell.sel itlil'3ers

will O(i'~Bt ~pDr~. imilin. eRpOft!1;. Op'~oroJ.n:itJes, fur

CU;R,tt!m. :::::ynt.1:b~8~8, and BLoa.nrilllD1'J1.lji.t:i~"
3.

~ical

~dk::nt. 'tJ:'iiJils, ~&D

lil... ~

gene.r!l'1t-edi fr{~I(~iSt.i1.erlc: dfiL~g sales to du::; C0'i!i:X}" :prnj E eta on !.lZW' deli '!,\IE iI'Y te chao ]og:J~.
P(J",O([[liJlti!:' d rug

revenue

Ot;[ilM:' l'lJW cost (;Ol!JfU:ne~. 1'l~f!Chlbi8i... Hi'aILtJ]~·@.' to o!!;nf'll"Jro~Wo~ld, T:m6.ii!!' f!!~.1liza:til'J!i1. I)VID) - eomplismii: p\Sitert~ ~.egiElla'i:j.on - b:ID.!'" drugs p~-operi;;y• '.. cO:[ij~j&F-:IJ~le ooU!nterid.t. ami!£:: lnnuBti:}',.

'HUleM fruro

'..

I!!]

fUitth~r [Jfr~l~eCOfJ.trl:IJ~l~~ essenttal rnedic.irtle·

]Dibil!lEDiBl

"J1

6.

iCDmt:r.ol

S.y&1em!il,

t('!c-hn:i!oal

:!'IiE!ruioo!ii'

is. O.piPiQ:rr!!:u'n~'Ue!!i' &, ''f1b~Q~!!i

T:he 'O[ rndi~~

p:rOOI,;li!J.!::

~~iJjjG:t

:Pa!'li;ent. Er,1il ,iSil :ih, lm,pae:li:

tL'l.:realIa

, HiLe~:

0:: the

Stren_grj1@, \jl"-e<JlkrLeS~>eS, 'O'P,@01:'~-iJfllitLes &;

Iooiian, Ph:!ii.m'!!a.,ccU!itiicaJi Mark-Eli: ia ,a.!:i

~iB{:e 1 st ·.Jru1l~ru~1'005", !!he Ga:-.'e['nment 2

:i;!l;E'I.:l!l:5d! patenn

,rnnj!~na:l1!CC ,a.ocD:rdiin,jg to "".:ihic'h the

'!::OXIi'Ii]liJji'.cie.:s !:iUui'l I'IIO

Sb~I!P!hi!!i

Indian Pharma

p..~J~~ed
~Jorh'lli!!.:

o_ro~"

the:

ill~er
bt1'IJ."e

,,. J1:K.U~.lk::rut (-;J:"~!<l

t1;'~~,

=r,y ,m'.d

p:ri'Jitl~S~:n:-e:r.gU"emlg,
iG:F1Dwtn

'C{iWi:l,P;ji._I1Y m;ji.i:t:lt@Lin!;l; :(!I_ $J.r;!'J~m 'Qrr in.ret":na.l uon:b:!lJl.. incl ill,cling: ::lll1ifrabk: monitorin,g iP,roecd un:~" Thl@ ~':111i?r:llI~J ,A.'Ud'i'l~D!;!pi).t'~rn~j1l f~gll];(!I:rly condllil;'bs; E! ~~;:::W' to U::l!3esB th~ ilnH'[])l.:d.al, ,bl'1:i.1d a'peruJirug cot:Jtr-.Ql$, at '~:ri,Q~J!g lOC~~i,Q(fI.8 of ~t:i'P.:G0m~~r:ir and ' !:!lIJJiJm±t~ ita 're:PO'l'b8 to the A:mti:t Comrn~!tt:e~ of the iBQ8 rd, Q'i'D~~~(f,!:L Th@

Qi;IIDParuOO

st~_rte@

,.

l.1eW"lb.i!18~II1;C8a,

oPiPortJ!.lniti8".!I;"

M,ns si ...e :P otentiaL

rP'h.81.'I"mEI.'ceiU!ti0al, market

Belbre 20@!J;,'~he',c~miJ~'de8 ~,.,t'e' ,;ji.pp~~en~iv:-e of

du.pllcat.iml
WeI"!!: iJ..'lJt r;:iI'l!:.erul;g il-.d.!l:l

,"" Strang

,cot!Lbarill_l'ill~. These
:fut1.im::: whic-J:'11
]niliillfi
w[[l

~b,.Jl1~
~iI1

(:~e;!i§ly uwi0ilte the

'bE

{ldiinpill"ll,e:s

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tl:~r.: ha:noa. ~f M:NC's; if thc' fl'uil ,ge~clI 'Up. itL tlL~rut R&D
;Ii,

thii3

,i)['ct.m~j:1;ce"
entre~

>D.f thr.:ir pEi,t.l:l:~itEd p([',cdu'cbs &llldl hE~i:iC tm: Im.lEket. ~ an :uiIlp,i,iCL ~~'

.local rn!BE,ura.ctuJring O::;!3:cto:rwo!th :LeEl.d:~ng: ,dome:Ml.t pli\Yef~ ~Whli:sld:fi!S, ,a :notabLe :intcT,n;S!itoO:t]i3J] iP'm::8cm:C'
mairj],Y''!i¥':itl:'!I Wc~8t~nil Europe

Icapa'b~Uritb!:!!i_

pcnc'tt'atll':d

:!ii[B tho<~e 'i)QlITLpa"me3 £€;ii_rle~'M;y :in:bD, the !liI:i.s:r"la:::il: .a:nd :Loil many

.. l..ong ~:l;ti1bllsh~d IHteJ;ilatJmlaJ trodin~ ,PiIi.trem,:l;

and! Us.
i

H':.1fiK!Ji"l J1esou;tloe :tli[llfiagei1lefit i® [~ l'l'ley ce..eus ilrell b~of' t.ihci l~o:miPa!llY' i3l".idthe' OOm.PEil'!!y haa 'itice:n, mEiking cmMl.tant t,o·.i!!t1l"~t ,i!I_.x~dt'e!till.d:!. ttre I)~t ~t, Tire CO[ffijp5il1Y :~~,'!;.r.;8blEn, ttiil.c tra.:iJ!J~!lJ;.~ ,B.:t1J.a, di!!:'![,elarpll'!!ertli: :

OlJm:pn:ru:i~

ir~{lo· ,iI~!:M.!.IJ, tm'lllll:_tgh

C @ n l~:r,a;(: Re t1; e·~ j(: h l

ICiiLl,'rta1

Ciu[,icin,g Sire thr.; :in,EW Sj,vc'n.'Ue,::; :~n '!l:!heP~l:;1t.ffi~lceutknl m::Jlflo;,'et., COiltt.;,l!)tt miIljl\dbi.ct~.;U1X~1S

nd

1!'barm. c'eu t l cal

'Ue-mfll,
whh-:!h

m~_i1ut;:~,!c'tur1ng fru::tlitj~,.
tr~mc!rOO ro'ibiU!:::t gra;w.t.h
iillj,

Jl1.O'II,Ik.~ting jolii~t ~v:en'tu:pes

[Gf01"lng n~lJrr.Lbef [of t~,~1feG ~lP,PruV[!J.I ~d

IaiCC['(?dl1j(m~.

PCTloci'!."Cd, ,iJ<VOC!l"J.1C t

ileec!i~ o~ its emp~(I~ee~. 1Jlrou~ tailor ~lade '[programs, ,a:nd, exOC;I!'J;s.iv.r:WO"!l"kSb.o[p8,.Focused ' i~TIt:iat:i,..-oo'!i\~e 'U:t'ldert.;)l1!ien to L.riil~[\Oi!!e Ii~ proce!li~ '[lDo.~a I3ll.TJ.d tc::::::hr~§_~ll!ea_
ThE :l:liUmbll:ira.
1[1([

l~t

:i.s g;u-oM~Jg; ,Bt a ... ·Pol)' 'fa8~ pac~ and. :i;!'l; @cS'rrlrna:illi!id!'~o' grow ~o·'US$301 '~O'l:~. wln-ereas o!J'l:~i:ruJcl re::>eEIJ'~ih i.s, 1@8~UWJ;!!!lt{!d to 'I,e~ch ~J',s${!~' (i 'bm~(liI:1l" 1
]ntliQj'l L h.armaeeIl.1ti{,f t:n?"]J:1 c II! d IOU a, iP1! (II.I~rlE ::::,:!j;

Pui iIldu~8. $C'I"ne' :Indirul SIYU;r.I::e!i], ptl:ledict tlli:!.t ~e-ci;!:lIs;e 'I~[ n-Llis ttEi:l:,!!8ltirm, 'MNCs ",.',,ri!! l1:'LaJ:".cU[P1 ,~O J1>Ercc:nt !DD~ tJlr.
}'ei:U'
W F!::l

:preil.i:k~~ci, by Ph E!XJl1.iiI. ~

'W~~aU~:H;~
,., Arno:F.!I~ mBI,kt:1:!1
,,. (rt!V\e.:r.n.ment

lea8t--d~lonroo, ph:!!!rr.F.l:1a!c@.~]ij:ka~ ~iI1 .i'!.;sjaj 'M _h e?l:ltn:md.:;." ~ow pe:r-c~'i.ta.

t.il:i!~
.blilid

cmI:i~[loyec' ,a;s

Oin, 31:st 'mSlreh,

200lB

'iJfere '1610.
Tb:!:: CO:nrI!!J;=_;my' i::1 v.re:tl prmitlonoo in thi!:' ~1l:Dl!rgLng 'O~.l!!SiTi!e.tS$, ~ce:I'!i~.E'io '''''_'i~h,a. 'CU~~II" ,(i;'l)'j',ectU!o-~' '00~nh;ji:nce m,bu:ki!:"t :!;ci'Ul'r>::: :in the dom.'!::;s,tie <.md, :::.d'!::d i'J"J~~m8;i;iii)nal T;i'1.'!iJ,'k~t~,·..'ih:ili;:h 'h:!!l;::l, 'iti!!1!:en 't:i:i!Hihl:i!liht~d. :in tht: Di.red:or·:s llik.P,"lJrL '9. CElUiti.o:D.!IUl" !Note :in this 8oction :!!1f:i8'!y 'bE f:o!r'W;S!OO tJtM!e~ ,;JI'® J:le~lJUh:"e~ by ili.p~li(;<l'b\le :!a.w;s_ ThEac' a;t!iJ.temcn.ta, 8'iI'iI:i 8l!.l.bjEota, tD 1::lE~n :riisk.s Li.nil UJ"loei'"ti!i..iaJ:l~. Ac-1.lb_~iJ)J. l"es~JJ~t:; m~-J dlifel!:' ma,ter,ialjy :foom. tnoor.; expre,s:::ed ir'.. t!h.e ·aitatc:mertli: ;li.fJ ftUUZY IMili~~~m:!i,jf rnfl~J~E:e C0rn,~'illl.y'~ Cc:rltairn,
8ts.tell1Cnta,

In.du,m mJ2lT.~!::~ J[li15. 'by 4.

]j''g,tUUI

C0n~llJmr-Hon
i!:il'rl,;l~ !p·ri~i:n g '!::'rmt ~ol l"eLii~hu:r::;ellie~1 ~IOU:I~y, ,"" IiJrwdt.';'["ti]C'!fll'ii.'D]l'L'idit!]c-aJ,th,c~'C ll'Jiirs:.irtn..'L-::::h:inl: ,

.sinGe,

'I::; 1r1ld\wtty h3.£, IShowtl

ill ~nfil' .Ei,:E;'~'rtii tUl"C' c
t,fItfl!Se

'of

Hi.t;

hi.tllittiL Pil1ll!ilf:jfiii.Ce~t~e:al.

bniustr:y T.h~: '~ndl~an f~I:i.·um~ iTI!CJ~l!8try, Mitt.-. jj~!il Ti~l'!],;!i~ c:ngim:e:rii!ll;g ~kBU~3 andi, :n::Lli!t[1l.-ely ~.iJW CO::l~:5,tnJ.ci:Uln::; N:. :kleaJ.Ly ,pl~lced 10 1~' the gefi.,eric~ :r(II~Ij"'Jret. lrutlia:rll !Oi1m.p_::.i:nl!l!8 aT-e >cUm b~.Uigtllile '!,?,ahJ~ e'h;!!Jj[f:1, by 1m1~'ilflg ro cLe'O'e,jDpedi,ilTIliir:keta ,a:[1Jei. :D"rom Ibuik dlru@,8 to

,u,e'!!mijj'lll,e.nt,
prod Ur.t8,
.l;tdV,F!:rlii.:~rl

tPi:clni0~0,gy 'b:lti.e ::Jjjj'J;U wti-e

many
,r.Or.n~~Hl'[1!;8

o[

.. Va!1;.t regm;!lJ dLs.p!li.ritie{!. ITI he;.::.jt'hl~ili!.i--eiiXl"!,~-e.t'!li@,

O!p:port'W!l!i1:lii!!;s: ,,. ~DtC"~ 'w"itlil. :s8Jies, itl exre8:S ,o! $.1 g billiO:t'll. ,~t!~e lh~i r pUii;1:i1~. pfO'~G i;(i\ill in :Sli?Ve'n ~e;i m:i!l_Ii'k!ii;ts'Hn,clll~hng tile US w,nkb i~ rl!:;,!Jre~ent more tn!!m $14, b:iII:iQfi.IQft,:he.~e aiEl]>!?!'!;" ,,. RtlhuI;.t g~'Iur;:rk: unu (frC dru,g :~m.lii.'k.~t gI"!:.!IWth.

,a:r~ 'il)~c.ih,n!r,i~~c.ai[~

~~qJ]~eal'bs :Ei!'miffill lI!i~e[IlJa:J::Lon,Bl :rcgbllatary

~nd. ih..i;1V1~ o'b:Si!:rvea :strin:,§.i·;:n~ GMP ~.ru:l ,~1rtv-e 1J,~n ,!i!J)'~€:o g::t ,;ii.p~rom.~ t

ag:e!DJl:meabloc; iUS

F;o,'\, MC',A.UK, 'fG-A AljJst~,~!il, MOC ~\

:2,.,

t11 Aft~eilL,

futrm.ll~!t:iorl

~on~
f(ii,t'~i!l., Indiol.'L ~oit~, ,;jixe: 2)00 CO'IIJ:[".i,tr,Lc"a,acroas t!h.e

a~d'i,lle8 ,(:I.1"id .d,(i;~a# d"eat!!IlJDdi IilalmorE than

]iIlJd~n :r,£!I:lK:s '1 i~b,in t.e:~

of !'.::cx.po:rt v,nhle of !buik

~[lJOit1:s. A~ ::JL :li'e~,uJ.t, iLFlcdkliit'Clli"[lJiiltJi.e~ aTi': Il:!~!(!~, to p!FQ(h~~ WllX of the. top '11iJ!dTl,ll"j;i that ,are ;sdb.oo1,:Lleidl to ,!i>se p-si,tell'~ '[proteotion, a'!."e'~' the .next .5... ;yc.~!t:E;. I:ndian oo.mpiT_wiei:. we 'barg,~tUig e
QF'~>i;i'ft,ll
In it;i,e.;!];

lookillfl;

ilLtm

~I!fe

wl~h

(~l'e 1euer

©elLeHtltU1g

ii'co\ITi.expected
II'i. ":

'f;i!Zd Ing

~'n

tblP,:

'f'egu,I:B'~e.d,

.f:m.d]

U1rt!"l!:1.~'11a.tcd ma:ll1k:ets.

Lib ~[' ,t-ilJZ\:IiI~j)e(n f ~ aLe:3 008.Ei tl:d!3 • o ,"" La,![';E>e a'n d :gmwi n,s; p,oHl!l.tril[j,1fl i;;i (!ill) :;;'~j p!b..errnSJ.eelJl.tDci3!..Is nd :m.~diica1 d~ruii.il!i.. a

DpE['a.too:rn.

~\
iE!O<'i' " lr< ',' !"I 10-#, ' '," ',,' -~'t:h H'" D.aD'(tlLa.ll, rE!iIIO!f,manCe, wil ""es,ec," t '00-

«v
'0,-'" ,'"','- "- rtl -" "1 pera]l,Ona.ll,
10, --#_'< ,-' ',' r'eiId)!f,ma:nce

Opm::.&I!ting, Profit;

RlS IK MN_
"

M~8.!IIIlfa.ctoriDiC:!E:~IItnat!lSi
GT.",m.'!;!;;,E'iICT1!UE :haB, r
jm::re_&;!>~d!

<from,

R:5., 3797'.2~l)

million in j(l;06-07' to R~. 51 ")Q.1..5. m:i:l1i:o<IIi im 2~0'7OIS :reO!)~g a gtCWfllli '1)'1" ,36. 'f.3% over the ihl'e"l,fill~"lS
yl'!:'2I~.'(}rO!1i8 To~(,!l'111IE: !!1;r.:hliLr!8 i:i'1!c.o~!1!' from oontr,8.,cl!: n::aegrdh D~oDr· .. 100.00- mjjjjo!ll!::l [p:r~vi,CIi!1B !li!a
fiTlia~dal
,]{,eBI ~.,

in. im!!mufELcturin@, ex]l'C'..r'J'5t.o;B rrn[ffii, 2.4,1% ~Rs,"9L44· TI1t1;6j Qf tL~~ 'R'@~11I'!.le~, to 2:.,73% ~. R~", 1.41,82 :tni'l8) oJ tll{~ r8'!!0IUtl'8S :i® ~~ttdv~.1tilili!Je t..lhe to !.!l1i12f1l!SiSC on iPr'Dcii.uctia!ll." cOilTilmi:asi.oE'.dng 'at. [he. !I1iElV.< '"U'i'it:!lll 'S:ii;CJdl ~_mi t'lO~fn~J 'inn:?lt~I}n.
lncrease

O.@eroti.:t1Jg PJ:lOt!1[; has mC~~ecl frrurfi Rs, 286, ~9 m~tlic-n ;:]uii.n,g th~ pre' .... ii!J·1.mS <Y'~n:£"20ilJo...iQ'7 to :R~_ a84_ 9B. million In. the 'i:!llITc:rnt~I 20007 -08 :1.11a:r'(kin,g
~T1, [t'lC:B@~,!ll0 (!ff34AJt%

fr(!fm thllJ!

pr0'iii01J'!l:

)"0$Il',
"

"

R;g'!N:MN'

'7·0.6,7'

111ii:lli0([ij

"

R8 IN MN.

Ad.'nUiilIl!&URit-_:ltve :E~C:D!iiC!ii,

~'

I
I

~~====================~

-»---------------~~----~
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Ad:rfll.iiu:;t:t'il"1t!¥·e expenses h~fe jfi{;~rJI ... ~y ,ao.9.1lJ% ,a-1a,comtp5J!rC:d '00 last J.'\!!;M. mainly dUG ta.a,) b.. 1
c.]

-,_
-

mCJ:,eE1~!::in
,Ar,TJ:t"!!'ill

~t:.:itfr co~t
fiJI!:"'
nts

diae !bo'l1Ie"!A" reeruitmente

_
-

I~
~

CapltBil

Employ·&ii'iJ

~r~

,rurpm~e.a8iil:i(lla]!ii

r.iew' l1ifOjUit!!i_

Cn:p.ib<U eID[ploye;;.l, IlJf the compcmj.' hEl::! Increa:iim frilil:T.Ii Rs.. 4(~? 1_ 9f~ m~l]joml; in 2Chl16-07 tn P;s;., 5\E!i~~ IT!" II io[ifL d:!Jring th-e OUfi'lM"'L~ yeilrr' 200,{·O'B, 1 ,65
Thil"!' CSi.pd,tSJ~,'Em.pLQY-i3:dI, 'itiy this: cO[!l1ii!lsny

~M---~

I~------~ I~------~

al I ncreme

iii

-»---~
i!!-_

ImCJ:,cn8!3: O!l1 t:r1:I!,'j,,~.jjjng &. i[;.onveY.l:rrw;:.;e B!.IJ18J:fii.'!::le!.IJdIrLini~'tm.ti.v~ !::%:~<en~'e~ h8J...... e

In'lJl~8it~~nt

due to rl!ew m;)~W~C1UMg iIII the existing f8jdlitle~"

fiJid.Iitlefil and

~.!I1Iarea:aoo e~pi!iJJ!S'jf,);fi

d.]

~Ir.i.crc-saoo in lliocmai! <COUJ:8C':3!00 dlue: 'IDD' infsatinn

in <th~'fi:~,

,~,!'.!:8~tiS t:he C:Qm~:lW 'Of

h~!ii

~I,·~r-------------------~-~I,,~~-----------------,4tKH:I' Si:i!X!,R-----------t
~Io~-------I

<~S" lNM~,

DpiC'o.dllto\i'fC

Si!'l!IlIimg

&. D,IBtdbIlUD!I!l

:E.-.!(U!iIliIlSII,

"The' Q[]mpa:ny'a t.uita:l 'iLo",\pc!llil±,UIl1.lr'!3:increas !:.a:i!, by' :;:;.(:1.,92';'-0 i.e, ~~, ...~O'{, l6 :iD.i11i;:):1ii durim1;s. 200r7 ..r06 o!)fJlpl't!;\ed 'too f.!:s. 35 j 01,86 :mllli0'n ,ii!: r1J1g "l006~~J7.
TI:"!!c' ~ri~~!r.-aac.
~;!I,

n:~smii:H]t5G:L1i, cQat frmn 7' _017% OIf'tb'I! :r\eV(!"l1i~;IJi::$ Ir~,,09% Of the revenues HI; ~~,'1'i:l~Jnly d.m:' tOo 'b~C:te.r. ~UJdg~!:!i!1rJ.'"wntm,l!!.1iD!d :iiilllii·1.-i!1geme.nt.
DCI!:-:J:">i:laSC' in

S(l;i1i:ng

,i:i£,

Ib~ 60;1'.28;%ever tile iYte'!;.mu~ rlfii.l!.:fici(1lI y~!1W 2ilJio6-u'7', n ~w increu~ed 'tiD ~., 15Y:'3-,<35 m~niiJ;l~, !n2~007'-!D8 :from :RE_9611,;"-92 million :tn. 2~06(§:7_ This

Increased

t:r~ il~'N :i.:'''.I~~lli ,at E;)JiL,*,. e i:y

W.B;!I;

ITli~i,nly .o:U~ LX'.!h!ll' !l:!l)mT1:1U!?it'll0n.iTlig Of t

tilOO'
'_"

due

to

lll-C!n'"-B;!!lr:d!

lC:Wol

oflOllcra:itL£i118

W1id ,rr:i!l.:i ["'mal rEL'OOof inii'l8!IiL _ cn

Brc@k up of expenses o,p~<ndioiil)&;:,a£ %agc. '00 revenue from

~iDa:mc:i.al
Firuarieial

hpSBII!!>1I

:R:S IN MN_
co!llZua[s
{iii'll

~tTAL WiDrMOC Ca:piLtsil.

EMPWI'~D

,~r;:nsr;:s

eff" Irn.teT.,r;sil:

on. ~'E;;nn
i__

L{!l.rfl1l, I-nt~Ti~$~

'WiJ1r'1!dn:gC~D~W;i, L":!::':;C!t:i-i:i'llIg~
,=

r-r--

rate f:b..l.ct'L~nti'lJfL~ ,E:dlru ID~!i:lk Chw.gt::s.,

;Ii,)
c.;:mi:.

Cn'rere~;l 0~1 't~Jl 10~1 is ~Ii.}e tu. :Lr!ll.CIt!8JBOO teren lmm.!::mId in.tt!·!'Cat the--reon.. lnerease
6"1

rn

Mil'I!iI.IfI1:~!lrif"ifl ~!!~!ii~

Mr..t;:;:r;.-.l ;::'11I:1~Jimi':d 3'139 ,,'1S' 72.00. 1,4,],,)8:1 2,.73

27"'1·'7.96 '72.;]i1

'!II! .44,

:2.4,1

iJ)

Increase in ~l~rest en wUid.un,lg ti~@itlli kHsm i::> ,d!iUf: ito,fn~k .. ttllg w r,r:aSD:n;!!,

~ Ii;;ICi'e.~~~~ lr.L "!A'lf1ruing eap±L::U ;1".. rillrl':lil::tt"it !

11l~.iU~:m.tJo~, d.l]@.' ilial ~lI]jc~.EI;!'le in ;[l!p:era:iti>nlflaJ

B___,ei!!!~f¥'e~
:Rli!:!>;l'!;r!;,ES

r-r-r-r-r--

In a. P:hS!iI".I11<8!C:Einitiical!D:rniiPS!ny, ( crit1ciJi.l E~I1;' hlI~J,mbet" col reascas, ,;1

'WBil"ki:l:ll[ ,ca:P.!iiiital:i.a ii1allJJ;y due t@

1) Iil""e~tm~t
'IX!

irL 1:l't'ge:mJ..ffi l;i~r CilIT!_~ mftte~j,j)JJs; due hl.@~ rnsrnber of[p·rud1JlcL:s. in !Prod.uct. !pmfJk 'oif,r;iOO:it 'bl;1 the u:gel:~t~ EI.:IJ.d ,cih:::ill.t:r,~
]ml~I:" Pc:r~oo.

~l D±:~jbun;eLrut:rlt
business"
Debron:

fiJir':3! onm:pa:rati.'!,i\c:By

[han :3!ri.y oitbll::l:'

FlXED J~SSETS

J.evce~ 'I)fthe

COililpa!L",y.

~p:rl'!ae:nt

th'r!

ah;mlr-eholdh'!T,!1;

W]!-aJt1:i, and, at!;

Th.e' ciieornOI ,ayelc: :hs.ve. been 'boo,u,gb:1: dawn <IDl:i. 1.11 d3Y~ f:l!OiJfi 1V5 dl~ (i3i..n MpM~re:!Xliejj;t 'by 4, di\ysl during th~, current :firl!!i11l!!::~Hl ye<iiil". Cred:i~i;j!fiI
Th~' !l)l)mp~"'ny
fil~:3!m::laJ<~~a~

oth-c!" :iEilqilCnl-eII, Otilie.r· ~pen;::;~~

CiJist ,a;f 'ftl'.ia.t.:c;!rial

oo(m,lli'l. 'O[ de:p~lti.on ,ad:

o!l:tCfIl!ase

EI.nd
on

it iIlre pl©ughed ~Iack ir~tlle ]Y!J!l:iJrjE!!i:i$,; !VlJ,-,;,t ~fI.leo1:i'!.'t:: fUI:~ ~iU\r- the '!J!J'JIUp EIiIi-zy. G d,

if.!: the· mast

conaumcd

d:Ecn:-,a.8!l:irl

fr,G(m
a,

Rs_

a:ftl'.iortizcd

eXGJeU8C8.

has c.n:ditun;, qy't:it:' fmm

'·b!S:ef.11 llIi~l~' to 'i:nel:'e~!!iL":!' tJh~ ®5 d~y.::J 'tv 97' illli,Y·8 in tJh~

7'2 •.37% ~R~c.21",t!I-T1H5 mns) or:re'\i'~riU!e::1'bo' 72 013% (Bl;~, ~7 ,:19,78· fil:fW![i,} (;If revenue ftl~J:ri~1f e;tl aeeeunt of inC'f:'L":!a<seorl l'I1I-h!!:l~JlS>il: pl'ol);rl.lllctiQHI ,[j'nf;!, b-@trer prndu~~ :r!!'.iix:.

DcplI"'!3!c-.j5J!tu!JlI""~ i:rLCoT."'GB.-S!3:d, 'b!3:c~use'

2il}97 -08

groo\Ss 'b'I,o~k ef fixed ~8tS~£, f\OE"' TiI@W pl~nt at (mid >lJth~i"" 8L~.dition~m. ~8Iii'J!!Jilli-l;Piil.:t"'n.;;li:.rj;!J-li
Jammu. Unit.

]3;a~.r;!:i,

In 2l007'-ilJ;f.!;, itihe 'Cilil:I!l~:3!ntiS

l'r!se:I~'"('!a lItlilll~lfj,

111:l!!8ll1c.rnEi.:&e6.!

]'iiI.ftii].~·

(I.fld

tvy20.87% Lie. :Rs- 1 7'06,.:;.1:0

II'!. 20(117-'08 from

j'h~

H~. 1.41.1.6'[' ir.i.:il1i'!Jifi:iLfi [ptt:<vWt!S

ye;.tr ~006",Q7.

in''iefLt'!)·fy h0k1:~ hi!~ d,urin@ th(!'~a:r' 200i7<...iOK

g0i1-e d.oWli by .11 d:ay,~

~\
RISK MANA,O:E,ME:NT
'IlK l!nrl,-S'W.!:~t Limited has. di!l:¥cJo'poo 81, T.LEik m!Slna.g,Qmc:~.t framework d:ri'i>c.:~, by a c.nmp(["lcbor:'Ju;[rvc orgBl~j:.",at:i.on mci!oJ!' eu'~ituTie of mk ,~ernElniJe, a,11If.if.iO:riili!ld 'by ~ff~tl,'!fJl!! pa;;ileO!!~:M!I; and fa..r:ili,t3fmd 'b'.l quaH fj ~rl.pa;;o f-e;!t!IiiD!1 a] 8 .. hl·dWl.1:ry :rullk
'I~OIi_~1t

«v
CXJiil:na~c :!:landfl,J [prnpIJi!I:i,tirm, thi.a.t w~~i'bE fEaai:bh::i 'by DuiLy a {If rJ0m~f'oti;G 11i,;"j:r~i(::Ip-~HI~., 'T'hi:~M!~ '~I)~ 1'hi~

.ll'--~jdl:::u'l cOl &~Piml e~ 00

oe:tll] I")t::. e ::Jilli ;)tt'i (;~~, with irli~r:rnsLt~iJ(lliru p.hiEJ.:.rrrJJ3Jc€i[rIi:ical giw:l.'bs, timr O'ut:!iou:r'~~ng

expect!!> to 1eve:r,~,== 'I:h:i.'l> ~x'perii.~nD!:; ttl< :ma'Pl,,"8E it!!: PiroildlliC:~i'1: in. t11:i~!IIe CJru]1I~ri88_ 'S8gid~8'J Tbi;:: (;t!lLrLJlib1.IlJ! ib..i.t!S, taken !.t, :rjurn~l;:r ill(f' :iTlLitiibl'i::i:;,re;s. to e'L1!tiarwe it!!, ~'ki~al pE"@'8!l!n'c:~:

In.d.-Swlll

It :fliled! p~j)E;nls limr t'lIiiD HODS in [he US;,

h!;;i;:'!i ~Jre.,A3.y:tIece~...ed

0:[

w:t'J~c!hit
m~t ~t:> ,i'ii&"[)'

il:!i fe'ae&.'l'tr:h i!!i~.d. :r.I:UiJ:t'.l,'famlin:n.g;

~n'l!Jroi1'IT~ent,

~C.RAM8).

;)I,

'st:.l:',ategic et'r0l",el:I~J.I~

;Jitfec:~~_r:wQl

I!".i, thia

~~~rov;Jil :f4:lf oae,

f'2!eilit.!88 to

It

up,R;f.Eld!l!d

mi3i~,11!if2c:tJjl:r'![ji!!l

lnl:1i:i:tUJti:m ot qJu"~1ly ~ur<:m'DC .n:nci1 'qJuJ:JJ.iity 1J]~~~iD!I: r.t'.!~;!I,t.arnt i:rl.-proo~88 ii'hr rn;n!i1:i.t.£!in~~" t'h~ <:il.i,till.y&i:z.:; of all '~Io!~~ieriruhy the qlHfilitJ, d!CiPaL.;riillllicnt fox :!!!l1icct!.~ irCq,il.:dartc. a~CeljiC".sIJt[O'lW" ThE i!I,l~di.t,1:11!.' ~w:zy ~;Ji;bi"...h fl;ltj;'quill'ly. bef(lre db. i="":1t(:.h;, the audit oi OiDen2iiJt~D,n81facilities by' :in!)~IT'iJl.i1I.l, and eld'1'!T.flIal auditmf.i Bi~ p@.!F.iodrc lll'1:t.)l!:f!;,a.it:. t>n I!'!TIS1!UI? tm;B!t Tile
cCiir!litml

n-~e It.1du :'~~ ~il~I.:y- not ~1e;r.!l@r.r&L well. wb.icll hi;Jmper W.i;':PCil',;lt'te fbrtuIies,
Rl~ M~Ul,~~,t.!g~ "rh,!:; farnJulE!.tllin, jn,dll:J.:St:I)' 'W,iti.

BJ.k ifiitigg,t.i@ilJ!
India P.,~S8!".i.tS

an ,EI,ttra-c:!!:i,Vii!! ,IJ'PJ.1'!'.IrtnniLty

:illteIT.1iltil~~.rIQj h;llNUfci.I~e p
iL~,:p:rm:i'!Jlctl;
.i.I:'!iC~"ji~dng

'!::!J{olll:rm!:; ~o' grow' ~ lo:ng EI.::l ~iilT.lentE pl:;IJgue 'lilu.mlkin::L. W~I!:h improvt::di lifi!st;.,..ks Bl"Jd, increeaed p'ur.lchBla~!l'l!,§ [power !n the hEilld's of the CO'f'.L!!IU.!l1i!i.il:T., .cIi'.iIlonL-r; lo'r li:fie~~:LE;dWai:l8.iSr.:a ami3i more iP["e'l,i',a.lcnt~ ThcT iuelude chabi3ites, e;s:~":dioloi!lY, hYPi:irilj[pBdicmiaJ, eNS and respiratory ailmenna, ammljg ethers, TIH:a.;::' ~hCT5!pCl.l!tic a~i!!~,t19, ha.'!,o;e (l;U!tp!.".:n'Jl:!rn1oo thi!! ~!h;B:r.LTLa, indJ~.J;!I;'try ~[\IJIWii:h f!lfg-iQl J!'~r' C:@.!I],t.

~~~ rr&t€:ffrlt:"ll to f)ll(~!sOIli'~.I;:' g>lJOO resacns: ,blWW 'p~i.' eapita

f'Jl:!r mil! ITbiJI.1'14€:1

f,aeillt~El8

:inle.nru.trt!'IUU b eI.~ehmarks

'00 makE !rnllPlJ'IlTI.~dIPrndh:wiis"

m.~clI:Ei"looe.rnlzcd

'foII,O'W'c,D. " r.to:pl~

th.;:::

!S.t~IJi1~-:d

!lJ,GJt:mtllD1gprHc~:,:J

are

rih"'Drul,;~'

Co:mptltlt1o:o,

!"js.i:

Cixpil:ud!Bil1.1lre wl!lid':i, will CCi!IT.Ii::~t: itself CiI,!'c;f' tumc, 8J1 d i,s,.!r'!lI)~;!IJ'ihw~t'!iC(iiIf.lJ~In, 1fu~ ~':iiln'i;(J.~ t~'ili! I of 1r~~'ilirjlL1i.d ~~t".Id ;l"~ ~enirJ...§, 1ri:::;~.1~~wreri)!L1:z.:;u~i> which :~ cxpt::c~Eidi to ~iI'l.c:rr;a.s.Ei the ih.e.sltil.cslIe ~~TI:d!~tll:r:oi!i" I~,t';!T.L1!atjOr.ii!!i! majonm '\'i,ojHL 1!L'!!O!d '...... rk 1 iti:i, o wHf1. ~IUSi.;L~$ J;i\'rtfi~t'8 Wl1~l ~ Sltll:I[~f;: r~l;Jlt'ketiiJ.g :r~d'fflJ iT.'k 8iIi"'l.d 8], d: ee ill 'q;l:rW:~;::'T::::it<!lJl1d:i.:r~ g of the lru±ioo1 marken, Ind -Sw:ifl!: is ,Ei.t)t~,citi:'iie:Ly iP o:ait.:io.nil:d. Sl'ilQ!n@ th8~ i'rnr ,8, nu m'b8!" rof:r8a.!lOffH:: A ric.h, [wo-<decad:'Ei ,r;xpe:riieill'oc in the IP~;!ijJ",l:rI.Si.Oe'Ut~cs.l iL'!!i:iIu!i:itf.Y_ A J'JJtOl.'i.lum~; ::!~!'..IW- Hk<!!.l iii!ill:>:> i:'or tn.e !S.IJIb:!:!~ti!:ln ~ of. rtEcitmaJogiea.
II;, ~tro~lg 'M;n!l'OOV(".T"

The oomiP8.11,Y1E:."!i.];l'C'D'bs, that this will mise '!::;qJ<iilia to 2.j.1~1:' 'CI;!HI; cuF'r,QQ:;.,]~1:1I~.lJ@$ ~~ t~1e n~j(,1: ~&iJj" YO@:;i"'rsLQ;~Jtioiiill dii!H: TllIe !":j)!es 'I)\f 1'l'1I!l!'()~IT,fi:0-W:Y ~'!I:j).y~e,.cunrerulr!ll,ted Ui ,;1 Dew :PCCEct;s, 0'1' lndiia. wIhich could :!Iil:riolU::iL~ alf:oct :r.€:.. enues l:i'i. 'I~h€: ,g:"'ei'i'l;(ilFa ~;;::h!i~thf{:'da:'AI'i1Inll'i:l. . mlilik; mlt~t:ioiii 'fllle Q~:l'J:q;tillJ.Y p1:'"l,.tdetU;ty dJJsp!l!t'~ed tes ~~!I;j~Il;Ifi.1tl0~1 to revenues, M~)~';leJ' v;/iii:b 'DEi,ginnir.ig oJ ~bc' 1000% EDU 'Unit, the Corn:!pI:!.'[1fY w II st.j;f-~i,l:1I6.'~xPQi"!'~~1'l:[t,-'!l: P~i;I\l~I;~, to T'ru!i~t'~'i;!)l' (i111J;;iJ ij)j)iltJ."ilfl,,!itU""l!l1! '~ei'tlJ:tJy
m.i:U'PD!:;D8, Ttill.:i, willi .help' the CompmD'}" loom ~r.!!!8g;i,V~ ;rlep~t1d~I'I!C:~ CiiI:1lany rt3J!"1k~1.1aT z!'!!n~ ..
8iil

hQ!pl!c:, :rWk ,a.tt!ri.tka.l!, ca,~ially tn competition, oaubd the C~~m:p;)I":_i1IY i!ildveru-e]y" :iEtI!I!ii :mit;igl:ttio.D, The C~r'up;!lj;ij' ,erill)~..iiirett '1~J1 :!.'llJrJ.'!;ieJ;' of l.riltJ<'.tl",e::; ili•• to make tile wDxki:ng environment ciJ(rIigi!n:iEll E!.Fidyet
Uil~I~I~t
'00

.ma:k,~ tlhe wo(['klng I?n'l,1j,I~O(l1rnL".:nt C:CiiI:1!~l1[al aF.l!dyl!'!~: d-J!i.ill.t:r~1g, ,it :b"'J!lj.Htl,;ttiO:[ij£.Ui~eciJ H 'perlbm.LW'l'D~

appraisal
i!!.

B,y8iilc~,

In.ci::r.i.~8Cd

p,cl:fi::ll:'rna:ncll'!' thn::U!gl:1 m!JiI,';'~e: d!.gc.

m.teftlitlJ]

Il!r.:it!.'roirk

,acrc~$

t!!'.i.e entire

1!';00lU'Jit[]",;

each.

:!"Il:gi.o!!l

(b"i:t:cmal training

:tmm~ef 0r ~~W.WS"ll~t!I :;trer~theifiJed :

to incresae

employee

and

Mltl:piilii.QD ~ai!luelJ!ii!int

r:r~e :61:1f!:'.rtiiulo't11QIf~ It'i~u::;tt'y 8::1: ri~;Jij;'ked I)y ~ n'!l.iil~e,r or ~1,l~YE!X~, whidl cO;IJJd imrJ;Jtc,t ID;1tglii::1: ,a.1t p'rofiti1till;l:~y, For U1M:D!(.10e. tile~ :l'i',,(JCO t~illt£ 'were etL.&~~d :!tL tJm{'; rJ([>ljd:!JIc..t~ljofL (11£ p~Jrui"t!:i.iilCel~ti'e.i!_~ iIi ili~~H HETJiUnn tire t!.H!i o:t' tire 'c;eil'lmzy, t!£wl~d'1 :lOa b~ng~rl to the o:r~".li.illzt:d, :>t:ctt!a:, thJJ:> ICFI,"eI"C~ldb:Lg;
0D~liLb~d.:in'ten:>~ tio:rn:pcti:tiQ[l

B:f!i'fid :~!ii~
An '~XWSi}I.'..... dep~t1d1e~~ @ {i\t1;ji, dctrimeill,tlli tw tnt:: '!::!l'JIlPEl.T.1ly.

f!:'!.i.tt1:Jt:tLt~g <'lJild. dbitri'bt!..lti'IJ,I1 :tie.tWIDi"k ,

~ew '-;I~mt~

'CO'l.k~

b~

People attritinn at 2% 'w..B;S belDw' 'fih.c' l.nd.ll.:s.try' a'..... 8mgol'.: rof 5'Yl:,. IP'G@~]!l0 '[::f;l:'ciJ.UCl;:iv.i:l,y im1JiI:\(i.ved, :>'~~ifi:'~ltly tumc .... PI;:T. e:rIi:p.lo:~ m~ed er from R£:. 20.:801 !iJJldil iiI 200f~-~:V7 to ~~. 22 ,~)9 l:a..M1 in
2007-0:t'l. MSLr1I:j!1i:mf,r r'llll!k The
~1li~ill~tj~I~,

and UJrn.k::r!:iiilmn;g~

Rio iiD'tti,J,Uo:n
Thr.: co:mpa:t'!!}' po::@:i.o!!l.ooit:!lcU:i:r!;,a,:i:ijgh growth ~-,dcJ:'!"r.: maxket. It .. J.lIJt,!l"Il:stxiet ilLs d'IJi!la.gc fD!r.'JII.S roj'U8t jUd iJlJ:1JC C"Si~c,go:[}' l:iJa:. t~Dkt8 or syru,:I;'!rahut oow.T.cd thc' C:1:'!i~:irc oJ.:;;!IJtEl,go:ry ad' dIl!l8a.~~ :fIJiIm8 (;!I,1'''~-U~8, d!~ a.'yru,r!l8, lni~i:t.Elb.]~;!I'J t.al1i~tR; a~d cap8~lbi!;!i;l, ca.t@.:r.iu~ '00 IEla!l:il:!i ~t:I;;!,U!ml!'!'J.' c:a:bP-".,e!PIPJ 3!!1d. 'Elm@.~ne; ,8;!'1, ,a li1ruP--~!I;'bn~ 8r.iLU.1;k!tl:'!i_ li'c,,[' ill'i;~~Ii'i,(;:c~, 1n t&i~ ClllitlL'j ,I:';ii.tb~, ~;;.r~11 ;!IJ!t;
l'G'ioll: in~lf"',:;i,t(lt" !:;i:1,,!!11ICh~ 1;he :!'fJ~,1J~

fll'.!r th!!!, CRAMS, 'itiusin!l!;;!:!'I;" thiP.: r.t'.!rnllP'8i~y b~,::;ru.rtl:"le.!' Sttl€:~gi;J:~e~ :i;t~, r:i!lJ~StL~lJ.1 'Wit~!tSiet!.'H~, up of. thn::~ Iilt:W :finigne:d. dllil8E!.:g~:s militL'e:s :in J'ammu{J&i]l:~, iBad!d!i, (C":l:.J'j'_'j ,a.:t1Jdi J,a.wa'bi3ll.TP1.I![' Wb-l aU m~~¢LI:1Ie: DA, &,;, C,MB" S!I;."jI:l@;Ji rf1~" F Cgi.i.'D'tty ~j;J!;; :initE!!l;Sirily oDm.pati,tj,";!Ci c!I],'I,i'.irn[1Jm'cl'!It, an ~~1l'!],J.'iM,! delJ~l:'lIrJeno® Clrl ,!.''In.)' oonoe mi!!i~k;;_:1; OQ~l~d l;i:~ ;Ji,
,an,

mBi.k mllt!lga't:hl!!I!l CiVC"..rtiTLe' ,~I:;a:r.a, tli-oc: ' of bh_~Idf.l;" w-,ll k:b

DEi:2l!pcome

aniJ

tn.e:r'El~ut~c

~e...-~n~~

IC!J

m:pany ~,

d:e"'J:~c~ ,a 'ba;s:~~t OfflUi'ig th~ top fl.cli\€:1~ U"lIe,lT scgment:l!3 hire Anin, "lo:nmin

OOii"~iD!S.IJnV m.i:iI.'I{ not ha .... ,Ft ole;:l!i i3~rnre.§" '[o:r' e t'i81lW[i,~gin. .rJ~r.:llfl!if:iJg :rL'!WT:l.U~!'l;"

!R~a mit~,ga:ti'o!n, l~:

'l;.hi'!

C!af~~f;Ji.t:lg.e(;Ifr-T~@ll.l,(:t;!3:"

!JiT~i"

l!!l,

In addlUiJU, tihc. cIJIJT.i.]~ElnY' c®nsiistcn.tly v.ror].rorl, tOw.;.U\ds develCipLng new ,piO.fIMrlil!$ P['(IU'l!ets, illC~SI.8i!l:ti,§: i.ta vi;Gibm1:;r .. Till d,ojn,g ;g.o, it. CTIr.:a.tJ!:d. ,a.

tbe rnia~~:l!:ti~~
r; h~rjed

ri~ky pWiPu:dtiun, midt: m1t~Jt:ioiiill

:r!&e~re lI"l t:ri€: d_e",i\€:~ox'me.tlit

,clI(i@!)ge"

Iril].-5\1,";ift :~1li,purnid '!,!,"IttiJ, f,o:rmw Htio:[lI !S, in 'l>yrnp, O:rrJ~!2ij,-dlE!.Y NDDS t<!W~.t:t:s :inj~c!)ables and. ldwjjj,0il1iElted. tE!.'b1ei:'':;" 'rh~ ,8Elm'!:; 18 ::iippJi08J.bI~ to th~ Fe::ti;jiillC r:l:m;§J:: whert:: th@ 'cam:pmIII}" .n8Ji3,come out
'.....ut'l:'ll (iJi8f.i("'T'&a,bJ~ ta'b'LElID!l; [e!l:pGc:ia.Ily
:fi:i(f il::h!!d!~1:li a:l:l!jj ~]di!:!':l.'l,.. 11!~il]lJI!!') 8;!I:3!.gait:la.t. ,c8,p!rull!!;s av,a:i]ati~(". in thl? m~Tkli!'t. ]3~~if]!~!':I, I!1!l'l :S'W:Ifl; l ... "j,l;i;j)m~i:lT.i~~ {1:ti~ e:101}1.]~ c:om~;ji,~y In. 1;h~ A]}J ~l;!.5i~$~sl ~t1i5~~:1:'0~ ~h® ti'l'I:l!i;Ly ~l ~~~yCUf {;j,1.1i(iJI:I.y Al'·JISo" a.nl~~~1g '~he {:O(j'I1p..~TI.y ttl Jiiill,Y eh lt~ p!;'~jtuctil) ;(1!.h-e;)J1" ~)r';i)l)~~pM~tL':'J1" M0,t1€:I:I~,J;",

O~r. 't'he j0~~-IS, t8'i~ ~rnI~f,iI!1y '1't1@;r'k,il'~d, 'i'l;.IS, r-:l'0cJ~)-(:c!'j; I.i(riiii!~1JiJy tuo LrullOO1. !!:J..i!1.i.ID~b;, in th,~ '~~:[ljt p~t. th~ oom.];Wmy :moor; ~. d!ediicS!rn~d C'..ITca:t tjJl ''i.'il:n~l_me :il1lNi~rn.a,t..iiG:I:l;al1y'" 'Mii1TOOVll!l'. Th@. Co:mpa:ny heR so!!:t up

a 100%, EO!] in Jaw,Q]"~ilI~~.1r, De~~b;JI$::;i Pu.rdab to :m.n:r,kct iL~,pwd,m::t~ Interl";utio.ru.d.

:!!j!::nJ!:ri::::B_ The ,cmrrpanj" mOG:!n,fy 15!J!ln.ched! N'c1azo:x (:N1'1;~.2('~1ILLd;€: rnoo!ecuL€!·~, ~e!:'~i!~ ~.i1 't,:r~~:!1!'~t IOOmpaJily' to 'Em:n:lJlih .&ll.c.h a :proouet m A81a, 8Jild ~Go(jHi 1'(i; ~~!',i 0r.i1,g3n;@tl,)~" t ~~S ,fj]iSQ d~I:Q~~d I ,8, I1Ximbinm.t~(J([li 0:£ INjt~rude -ElIlidJ o:f10_oNru.:in i~o:rthe fi.'l:'-!iiil: it[m8 ~:i1 W;fJ.ld. Tit:ip- ,C:CkTiJ,pa:I1iY ha!':l :iL~Ci, 'b88n ::!W,laP!±'~cil th;:: 'iiJE!.te:nt :Lior Chu.ie-OD[; u, :::Iu;:,;,l~ ]'\I!;l~a;~e diDsa~' '!io:rw!l, w:i:tlic:ih. ~nabli2od, it t>n '!iit:[\8!:i~h8n
I'~ ...eiJ.'UI~S,

of N.D'DS rb~' ~:Mlt~~

r.:a,ch, adi;Jre.sc::1lng :Speciwlc tihC'..r,apLru.tBc.8€gm!::n.t8 ..ThLS ei'i~!J'I,,:!l'~!} ;~1;!)1' 1 ~ery ~rod~;;;:t I~ e;ji,cr;:h'C:;i;l~~QF;f iiS, ,gi'llen nd;~q'!JIil.t.~ tjJr(l.I:J!::; rumme:nJ!>uruti:::: with, it::J :[X!t\~il'ljW" Tihi!!'!Ii~ d.i:v.L!!;~i:ln!l;'prG-vi&d a, co:mp~'h~mti,'!;oi!::FiBi!odb8J~k (lIIi ,eacl'"iU-ieit~e'u.ti0 ~~~ilJeif.1t, hlcl'"u tt.jjl..fL::.~@.too u.!lM w '[p~a1'1Jru::d:Rl&D am:'!. p'J'IOcil.l]cttLO-D..Ei.Cti,.';HtLe:s_ lP.Wd:ud !Se;gEr~~iI1t ril;;k
'r~le ~m~~'1¥Js

th.~ wmp<1iil.Y :tml> Ibcul>e.~. 't!'IL aF.; a ~:r.inlEiXY' ib'1.l!86m::-!l;1!;d!r:i,'![Cl"_ It lila!:: :!.'l~:i'!'J..i.!.t1getlr~g :Pi_~ru(:Milmlt(l, :r~-:J~ ilivlswns.
J"eM.:l;.

prl;[oO[:tuct8~l;~.y 'b_e~I:I\!!,f;: to ::;€:,~Jl~t~ ",;'f.i:tnl::~l:1iilg :2l'lJ'W or nEi.g'Wli:i'l,!\~ ~!h,

Ri:sk inJHg;;~M.l
Ttie

the svt1t:he~~~ of nt)il,'e! dLug~ jNH.~jI.ECC~!!illdi~l ~s h r~II 0'; e..{) I r.1a- 8 w ~U to' fi1l:1, ~Ik~t pl.o r.1,e,e.-l ; fig fu.rn1'l~I;~tioil}j" 'rn(!.I\~~g tILe (;;t.itf~p;t~y~8 .... bJr;,ility
8lild b[',Ii!!~til.

T'r~~1.l'l'II~t ~i'iftltr:n1:S 'w thr.: ,~tt'i,l:1Ig~l'II~ '1:\@~l,,!!tMm~~tiS (!IF l'GP.A!;,'lI~.'tr.aM. MHN.A-UK, MOC-B~1.1th l\i~" ANVIS.l'L,-B!l:'S!.Zil ;etc ~.nd. :i.s :r!::S!d~" f'O~ SI:], 8iu::ht 6ind. .a.cr.:B8diita,t10n 'try ili8~~ hoo:is!I: :inc-ludiir..g "iNHO-

Ge:rie'l.~- We have rur-e..'\d_y :i!l.ed a:.,;'ei ] O~)dO~::1:ie~·,in 1,!',mi::FU:!l 'DoUJiltrie::> b~I:J th~ p['lodUJGt f'!:;.giJ!ftli"1.lJri'lJ!IJ.!W
it'll ,d!~!fcrcfTi.t
liJIJoUJ !r.j,tr,w::s"

n,~,ti e.t> t> n:ry

Qu!dt:J'r1!II.k: A!!i the oome::>ti;;:; :indu:::I!:ry .i:s iEl!:st m!\c,gratiri"lg willi ~'bil b ail lil P ~T,F.I,t1 :I:!i G 8, i~ :i;!'l; Gttoil!lT:i in.s: [n !l:"J.\~a;R;in gly

,~W,.,grv~th

~l:ia8 :PlJ.'Ud~I"Jifly f.i@'!~f:1H!! to, flfJc:ui<I {i\1:1 li!~:!ltJl,~ the..rupe.l1tiot: &1"("!JiL!l~:S" ~. Dt8.1Xltll)~(I;ID', ,oa:rdiaiki~, dj8ibll'!tO:Lri~ and, anti(;Jompany

a;:~(ifrcat;ona, Q1l81i,ty

t.o

f'Jl:!ti'survivai!

iilr.I,i:::et int.ernE!t.io:rml

'qJUU

,a:l:lidi8~lCiJ~88_

Lit.y

:!l"Il:-p:crilie:d], d!01.ltblc~dj.git gIloMh

r~e'pj'\e!'jj'~;lI,ilt il),e~merltl}1. .

'fi'!Je!j]!e [s:e~rueflt~
a<vc:r"tbe

iP8.iS!!: fuw:yc'.fi.I~,

h<JIv<e

lUlk n'i!lt1:pt..ig~
,at Ind.-:8:w.ift
~n,

Stf''''~~ rl31 Po:!>:t-20ilJ!5" when 'il'he Ind:~s.iJl p,r.8Jrmacell'ti-caJ jnd:ill1.t.r~r . :!I,tBll.Tts :rl3:8[pil:eti!l'li,§: tl:lJI:: e:[]:b!I, !l"Il:gi.:mG, re\ilfiraC' C::l~gJne!3iring ...... '00 'ba:m-.i,OO ,a;tld! hl:d!~a.l~, ilL 0B!1[~IPa.r:iic;g, 'iJi.iUl :I:'Jccd til< erIEa.U::' proiPr.i.c.ti!ill.ry drU§s, ,8.l~,

Lt!> gruup, cUl:u~pmlJ,r,J:ri~.-~<irI: L-abomt'lJ~" h~_u!; P08j:ti'!JT.Le:d!j!t8e:!~~In ,the- in:tc:mEl!ti'o-D..fi.l :Erater:r:dty .. Ita
'l;'!iE'OO,11l1l:it.8

m~an!;i del:i,wrins;

rt1!G:[\~ith~n

Pat

aft!:

oJ)l~un,ti-iooiJ!i@r~5S1fre ,gJo'be. It~,i.'.!.ddJtlrn-l, :L~ h~~ !Set Up a 'whcilly 0''i'l.[]J;::~, '~lUb::i~di~1I)' 'tn,== U:S, the m,ge:sli: in.

'H:!~!~@: ~.xpIJm.d,

tl!'J

m;nrre than

4J.!5

:pha..IT.r.i;SIJ:: C l1!itic-al. m;5i!r kct '~IJxlil:wjdil:'.

'p:uu:rnjj~c;j - ~r;ru~:> e'we~ iJubcl"j~ The IDrJmpl!ll~.y' T:liDt. o:n~ rna:t.el1lEls cri[ill"...al '!l:PElc:~~"iic:a:ti!l'.!~;!I, but all st:cu:ml8i.J-Y P<M.''''\iT!lcteor:8Jtl! el:USII.a.:re. 'vt!mpl~te t quality' aa,tisf,e.cit[cm. 'To IG~:d1aJ:liN!i lU:l, ~ua.L!t;y ~'l~~l!dli.lii%~. th& (:O'tfLP&:ny' uUgeliL the: foUQwkiiilg

what hE1~

IS, :a,., :Meilli:tl!!

OJ sJi!rJIL.8..TL
Pla~:, Chamhgu~:1

hl iitis!tiiv i:!!: a~

mn::;

D~lie : 23,11)8. 20;08

, D
.

~ ~

.• ··'R·.·.·T--~ '_' RF·'p···O

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1_1, __

Tim :iMcmbcm

00 :!;_11l'tls Re~~nLt t
,!:!d:' !ilil..'JL'l!J'!.ll'1~"

;!iJ;'~:In

;!i(g:t"eef;fie~t ....,itb the 'b0~ks (il

IDa-Swift :Llm;i,ti!:;liI. Ch~I!U.IJ;r-'h,

1. 'WI~ ha .... a:1J!dlt.~d tj,!!~ :!!!ii:it.acl:ied !B:!!!~.af.i.f.i~ S'hl!!:@t 'l'.! of M/a. h:'Jd.-Sv,oi:fft Limited EIS Sltt 31''"' M;!m::ih 2(ll08 ,a:l:!!d,a.l:&i), th~ F'.rClifrt and IA1i!llB Ac:oi:nllli1.t ar~dl the C[~£h FLow St® ,eilfie:t"lt ©f tbe O!:!II:UPWilY f!:!I" the }'e.:.u em.dd en thl:: :smil.e date .ann·!:.rol:id! thereto. Thil:~ jJrWaE'ci.a1 I.'I,tst@.m~n.tl'l, a~ the IT.a;po(f'1J8iib~lity orr' '['he OI:I1IT~'p;iiJ1Y'£ MaJ'i;Ol#fJ'1eilt, O~J:!:,:fe{i'i=~,n:5ill:dll1.y

~1.

Ifl our

o.pifij.'olf~tlie B.awice Sheet.iPro:lit ~ll.(l4]:S A'lJ-c!JIunt ,;;1I1IU c!2t'3h ~'~ow~.tt:ilJl!::m.ent '!::i)rn.!ply with the :IT.qil]!!rcll"!!errbEi of thE a·i:e0'l.mt~1I1,.1i stan-diarns rl3f~IT~dI to i[i, $l,:!IhS~tiil)n ~3C) r.;f ·S~ctiQ~, :2·11 {I[

Ca.] 'Th@.·!Dnmra:F.!iy

in.cl udin £ II:[1JI Sl!l1·O.taJtLrlili=:' $inJ.EI.tion 0f n~iJ. ,a;!j;~~t.~L rb~ Ac c (10 ~,dI:i. n g
,el'l~pL~_u~~t11)Ijjs j... tiI to ge

~ruS

hS!8

ma~TIlitl:i:i:F.!i!l!d

rmp~T:

r:;;:t.c.-willg

£iJlL

.p1!fftictlll~IS!I.i". de i'm.i~ and

~_g;'1.rn8 iihp- ·~OO.TIi8 ~n, Car.npa,n.:r has gil",;;mteci! 10<.m~ tD two pM.ti~8. ,;;mcl !the ~OOUT.l!o~ ICiU!.il:atan.Qirng a8 'DIIl 31''' MiSl!OCib; 2(108 i;s Rs 6S] ,.54 Lacs,
As;
a,

~!;1eGt!'tr~~rulle~Ao~ 1'956"

e.
f.

D"'lJfing d_tteceurse m oue Al~dj'~, we h~ve! no OOf.lle aeeess ~·.,:-jHl81(1)" t;lU!ehl!j,b~~i"!!.at~.I')E, w~"iie"h luEtto .fmy adverse e~lee! the lundl!".lm!ill1g of'the rompamy. >:J'n
PL1I8i1.1ElT:1.t

is

ltD' exp:rl::~ll> .Ell'l.

:s:b5itemen:b!l. basc:d!

{!pll.~oo~. IlJfl ~e. 'GIl!. ouraudit.

frmlJj~u

lbo,the prtMil3~urn;, of ~llJJib section

:

[1] (g~ '!:IIf

aectlQ:n. 2~74ao the Ccimpa:l1!i.cs, Act 1956,. Viiri repom ....

,a'!I;lJTl!d~r CI~:1!t'hill'.· iti-:!!!s~s, W'liltt:en of

2.

WI~ orm-di'i.H::{I!::d '01U.! !ili.udi~ in ~,CiDord£m~ with a:U!djtin:g standarda gcJt1.ll:":raUy accepted ·u~'.i. Inil'Jio!)., T~11@!ii~' 8it.:ii:nd;D:rd8 'l:'eq1[ti:re' ·tb@_~w~·pW@,_t;i

ll"ep!"e"&~nt:!!!,t~mbs. rnri~w.oo.

t,o, i. n:i'"{H'"m at i0 n 3i I'll d !l.W~ the C(lr!!:p~_crmy :na.:!l. ·a 8'y,sreruli. otl,f physic-ai. V>!3!ri£k:a-O.o1l1 {if ;j!!U rC!j; fi~. a;:::mC!!; (lIU;:0 iin 1)1! !r~~Ii'" wlu:icl. :llw""i uinit' tilpirilluil'l b te8<.:s~~lilMe :ns.'lfing :rega:rd. tiD 'fine S~i3j of !tbe Comr-~m.y i;i,nd th'il! ni;i;I;lJTcjJ;Qli' i:t;!'!: ;p_g~tis , .t-lilii :smt!!u!li> dli~;;.:.re.!Jllii1d'e~ w~'e fl'IJti.Gm liJlI.~8 ill C h 1.;IE rificatio 111 .. titl.Ci

fhJ

e'XpJanutilln8 t~.J1!ltlgr.jJlt0d ii.UI@ U[1J8OCLm:Ci. and in IDU!! opjll1:la-n, the terms & '0(:;:- dJ:ti(m_~ (I.f :sudl W<l.iil® are !iM priIna ~le 'P~iud:i,cLEil to tl:ii~' l1'l:-~reJ.l,ta; >DftJJj~ Co~:p;any ..

,w'l!etl

.Am.i0ruir~g

10

us, tiil~

tD the inf0FTI1,1,ltlo.n. &.

·~I).oM_1I~

~'c)

gi.ve;L1.

j\CCQ~lln!il: 1;.0 ~e :irdbrru,.Cttio~ &, ~~i!.Ol_li;i;t1'i)ilS to us, [he ComiP5iJ1:r Sl8 Vi.'CUaa the partie,s te wh'l)m loru'"J.:S ave been gb,r,eil are re@l]k~r h
:r'~paym(,!l'lilt oil" p~nc:iGJ'.!!!~
,Ei:lJl'iJil1Il1:[

{be ~n{~itto 'ob;tOOfi !len:s~®le ~!:i!s'L1r.ElEiee 8llbout wbdh~T llhe. fi:m.U1!l1U;ll :s t s.t r."[!i"~ 111 e t.s a I' e f'r r.·,e 0 f :m s.t eri a.l
:;:Ul{1l p8rEt!lttlm

:IT.lU8~t:ii;~me.l'1~.
Oil ~l

Al'll

.[l,l;~d·it Ut;iellJf;!J@81~~i'fi:i.niTl.gJ

from. he DiJ~G~Tf5 ru'iictl tdre:n (1[1. record '~y tb':i.e .Bo.ard. ~ lH:rif!ctij_~". we: r~~tj(rt tl:~fijt Il.one u~"the Dlr-e'i!tliJre :IJS {U~ql.lJdlill;ectl s '0ii:1i ·31'1 M@.tch, 200tS a .from bd.i"i:.§. 8JsJpu~"itedas 8<. DiDect;{lIj[,' of the ,eo:mtps!!!l}t :~!!ltiL':I]1J];!;. of C:lau:o.;c (g~ of .::!ll1b seetiem [1]
,O[;!Ii~c:tjml 27'4

(·c~ Durriug

,diiiIir-O!Zie>rl (Iff iD..:tzy ,!:!Ir Ji..:;;e;d ';iL~ ~ I:: t:s •

[ii)

:y;r.:a:r, IDDm:pa:r.i:Y:iila.s. no~ @' N;ist~l'j;t_i":iil/mf.ijQ:r l]l.:ii.l'~

:strx:1,.~
'!:l[

ann

·~1\a.yrrn!l!':I:~ii:

,of in{l!::re8~ ~ ~tipl:Wated,

tLrIiI~In, eurr o:po!l1:Lon .and 5icoordr~@ '00' tLiJ.c :i!nx-n·mma:Ebn irfid. e..):;'pli.li:iilttio:t'!S gi ..."'it 'to US, there are ~d.eq'lK~l>e

~E1} A;:;::

test basls, e'l!Jrl.et~ce ~'IJPt[Jil)ttir~g Ule run'lJUilI~ ,i;1Iliddiselnsurea in the fiIIIW1!l1U;U

:stai!r.m~r:fbEL
;(!I;:::~8SiTI..g

Qfili~ Cornpanr~s

Act, 19.5['',.

.:::miJir'8a, spare

.AII1 audit

also

j:nc'!U!d!E;!,!,

~~

:~ n,

O'll! r

a·piL~6 on
Uti, tll~

and!

the ~IGC01J'l1itiffi:g, PF111'1IGiph::i!), ll.8~d :;:u~cll sig.rWW•. i.tIt e~tl.t'n~te:s made 'try Ule M:';;1r~EI.,genL·!::iI1t,.B;8 widi H~ ~Nalli!8Jii:n£ tl:Je ~~ :3,
O''!.-'C:r.alL funan-coaJ! 8itatcmmr.ni! pre&i:i !".i.ts!tBo:t.. liNe ~U~ th~;t li}l;!111' a,l;!10tt; :provLd!I1!$.a" ·1;\e.:ii,8(!\n:!!ltil~

inf.QT:.rna:j;iQl'L and. a,c@rd:iTIlg

~'l,!>e:r~

:read. with
,a;!'l;!!)quj~. r ,a]

gi'!.'e th~ iEl1mI:nLE!.:t.Wn. :req'lJ!!!rOO by' CO:rI!"wiPen:~r.:8 A.ct,.19,'5.6 in. tlt'8 m8P.i:ncr
fJ;olh~'I.:i'

to

thereon,

:s~lil !iit~tei1J.e:t'jt or
,[;iJ:lId

to ·line.·D c'S!t ,iJf. ,I::II] I' to t;:l'iJi,i! ~.]®fla.ti~m'l;

lli;oOCl!iJ~1i:.!S:

raw mate:r5aJ!8 and il~_j;::l:he{.:l goQclis 'hn\~ beea P~1Y~:i.e.:'ill,y vr;:ri:fi,e.~. by t1u1:: :~m.liw""litge..ine.ri.t !Sit :r:r;:gu1.u t n.tc1Vala ·dlu!li 11,1;1; the yc.a.r..
:paIii:a,

,~nm.irJm

it'D' u~., th.e

intp.l'naJ

control

rr:.need.u:l!·~a.

100 r:l:tm'8rl:Sll:ra:m8

~ti). 1m OU!I'

a:l:bd @i.1.;IG trll~ a.

f'fllT: vLi;!W:.nf U1:e:st.ate ,af

~.fi ,;ji;t

epsrsion and a!~aoTd:ing to i:ni~,~miJi,t1'i):t1B" e~p:~;ji,n?~tl(ii.ni5' "e;l'L .•liO' U~'.,. ~ rlii.eP.ruc;~d.~ ,!Jil' p'h:y~cW ve.iJ'J.Ciit~W'l '!:![ <.mdi tn.e
tn [he

with the ~ oJ the vom:pE!.F.iJI and the nature of us bU8U1ie5~ ~i~jl :re@!U1ct1 W purchase Cli .!:i~iJr'E8, :raw materials ind:U!djng eomponente, plnfit ,)Uld. llli!t{:hlfilety" equJ.v~T.l.ie:tJt .iluH.l OU-le:t'· aasats and :~(i(I:tl!;!:!·aale Ou.... ood 8.. g

~~ In re~pect 011m..:tl~~iotli3
(~oriilIPM.1l,e:s Act. i9.)3:6.
:rn~!l1,tsinEd!.

fcrt·,c;:u;!:'

(llWlri~Utti, ~

As roq,'lJ±t1e~blY CornpiJi.rue$ ~A:ui!Jbor'~H.epo['tl Of'dleor. :JI)}Q3" Mid. a:::. (I;IjE.et"id.oo by Cll)mfJ·;_(L:fii.e~ {AU!dit o:rs :PJ!::iPort.~ ~.AilTI.c:ndm!l:ll1t) O.rrlt.~r·, :2Jfj!04,;
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295,JO~a.4 1''6 1,:.1.24.9900,65-0

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21}c.e,2:16,.4~!2l, S~·Jf2iD!il',,(I W,
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1L,33.pTI'I;8,71

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.54;7S9 ;,~33
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of {tOll' !J~ltWtl {i\t' and in~!::~t (jill :b\!:iiffi>

a:~tMih~J:[,F.i.hJ~ ~til!1! acql,lll;?ti:I;Jon. oii" '00 iJ.j

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the' date of ~d.ditl!J),!l".i;5;, E}m::qpt. in the' ~

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d~i[ie-tlS co~lt[n~, purchase.

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rttt@C'S~ 0:0. Workl.ng

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,ail:'v.;iork. in il:moccs:.=:: ,_.At :rffiiatiilE!riaJ.lXii!'lt plus l apportionoo -m.anuEactur.tt1@

p.rn;Um~j"Iii:F1 .I!::':f~Elil'l~

1.04;!,i·; 79-2 {la,7'16 ..848

9132,,80.::;'

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47.040 "g;giT

re~ .. ble "i.rruu.e wb:khev.er ~:;,ower. l

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material

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8ta:bP-rn!l!fl';;!;i aI"!!!'

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aoIJGUn~E,d!

as

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are stated ,;)1t {:Q;st {I\f' ,iJi;C(jfIJJJslt:mn" :P.rI)v1~~o11lfur {j.iIi'llitlltul-Dl1 r'!3:ciD~iiZl::; d[;C~.l!l1!E;IlJtlt'!3:!rthan temporary, ,8, if an:Yj in 'lh.c value cd'jn .... eatrnenta ..

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The

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of

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that oil!.ffect
lI"'~rl1(rni!i6.!

the-! Ti~fim'ii:l'id amount amount

onf as""'Ef[S aniJ. lla.h:iUtiB!i:

I~e:!llli~::l d.li!oog

em t:hC:! di!l!Jt@.of :fiTl!i1t1eiEll

Re¥eflU.e i J:lecognilledl UPlM"i tll~ tr.::ti1:5~~ ()f title ,,:,;f g':Iii)d~,il.{LwheifL all ~Ji!;~~]lj;~1 ni,;ik;s and rew~:5 a ,1;1,:[, o'W!!1.ernh§iP'hs.('i,''€' been rranso":€TI"Il:Q '~_ th.e' buyer .,Tr.EIEi~rer 00 01 [the tiH,€, ,g€n!3:!r~ly c0iin.cid'!:l:3 with tt!hc d.eJi'!,l\e:ryQfthe ,goods- R~vell1l'Ye~i;3, 'l:\ecogi1,~€ld"Jir:II!~1:1I ~'~'1~f~' ~iil':r.e~.$I)I:1I;jli~~~' ~F.'I!;.5iJnty Qfit$ 'J,'~i.I:bl@,ij)e~t!lJlzi)i,timL

of re ...t!TI!~l'!:;::l 8.!!.TJ.Q

the repDning

:pl::riDcL Di£ft:;ren.re

'bl::~e!!l

the SJ;::~hlELl r-;:m1Jlita

and estimates are ~o~tlillied in the perlo~ Ul whjcl1 the results are kr~~1I'~j iil.Mef~ed,

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of {tOll' !J~ltWtl {i\t' and in~!::~t (jill :b\!:iiffi>

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the' date of ~d.ditl!J),!l".i;5;, E}m::qpt. in the' ~

,ail:'
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d~i[ie-tlS co~lt[n~, purchase.

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421,,51.3,42>=';

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p.rn;Um~j"Iii:F1 .I!::':f~Elil'l~

1.04;!,i·; 79-2 {la,7'16 ..848

9132,,80.::;'

!m>r:!I"h!!:~d:!l, 10([ !I1!Eil:

47.040 "g;giT

re~ .. ble "i.rruu.e wb:khev.er ~:;,ower. l

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material

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:SC:HE~JJLE·,·XX:' ~JuNIE1~_It~C'QI.Wl'I'ENG_I!O!UC:[ES
:1[", AcC!IHilltlng Comv!I::JIi'tlo:n

C01jlFSe !l!i~"ml!iii~.rec!ii8 ~~, i1:i['in~n!E l.'L1.lch,~n'!,O\l"!n'bn~e!ii 'bn :its; p:rl'!s;2'l:1It:Locstk!l'F.'J, It aii80 jnr.-lU!ch!;R; ~:e;ia!p.: d.uty p:9iJi,r;ler 'P(IiY~lble in !iiOOt!ificl~ '''"''itll. t~'UJiI1titig .sH:'I.Ji'1.d~1t,,], - 2: .rv(ul.:loiAtrulfl It!if ,iflv enteries" is~u.6d ~y leA:! ..

Tn!!!; Fi~and8!1

p:n'!]JlEI:r..edJ ~n ,F.iil:ii:ii.1lBd!ar.i.f.j~ vrith i3irrJic:.EI.b:I~ Aoi:C!ILl;I'~-[r.i~ S.t'3firl:=.m:h::, iF.!! ImH;!!l_ A, summary lDifim,po:rinIlt A~coun.Hl1;g ~li0i,t':B~ which have been SI.p:pHE}ci] coru:!L::'1illent:ly.ia ~I: IO'li!t 1iJ~10'W_ the PJriiRfwwl Sti1t;etIie,r~t ha'l,1'ealso b,een :pi-e.rJli)l.1led irL aeeerdanee witt! relevant 'pi'e$'e~JJ;);ti0j;1[1lI1~u:if'oemMt~
8ta:bP-rn!l!fl';;!;i aI"!!!'

C!lftl'!!!:".'C::inlpat111!!;!1; Ac-t :1,9[;~'i, :2.,

~_.jl:;o;f

~'(!!!)'IEI!H!t:I!H!11
'!:i!:ii(ii,'i/eIi,1]OOi, ,iill'.d
'iJ'rI.

,,-.) Li)ng 1ef't.il irl~trr~e~ltlS tJ:"e

"the ~UJnt'l> !J.i.ij"7e !PTe.,~!J.i.ij-:ed under tr:Je hii:.;t!J~i!Gul iL>lJ:st 'Ex;peooeffO ood :h1lCO~1i:!3 W at~'extent i[@i;l@it;ji.mil}d
aoIJGUn~E,d!

as

~~JbJ,~

;ji.rJ.d

bE.l.:.>i.:sOil g>lJirl:g 'C;D'r,~, ' ~cejv-aM~ :r~:'!i~~~I;ively

.AU we

are stated ,;)1t {:Q;st {I\f' ,iJi;C(jfIJJJslt:mn" :P.rI)v1~~o11lfur {j.iIi'llitlltul-Dl1 r'!3:ciD~iiZl::; d[;C~.l!l1!E;IlJtlt'!3:!rthan temporary, ,8, if an:Yj in 'lh.c value cd'jn .... eatrnenta ..

~fO

:ITIHlde miLy 1~

~1D!"0~, :mcrlcan.t!.!,C' blliiat!i,

UIII'!!:::S'!'!, oiL'h.crv.rii8C'

atSi~EdL

'f!iQIe' q£:eIlu.m8!~iQ;

The

pi\%ieilt(iLtiO'11

of

:!J;tlillil(:~illL $t~l'i;;e&fie:rUtSrequlres

e~tl&fi~~C!es ~JIf.i;diJ.ss~m:ptLoU,tls 1Ui be :tll1iIl,die ( I.'LtBtl!!ml'i~.ta, a.nd th~

that oil!.ffect
lI"'~rl1(rni!i6.!

the-! Ti~fim'ii:l'id amount amount

onf as""'Ef[S aniJ. lla.h:iUtiB!i:

I~e:!llli~::l d.li!oog

em t:hC:! di!l!Jt@.of :fiTl!i1t1eiEll

Re¥eflU.e i J:lecognilledl UPlM"i tll~ tr.::ti1:5~~ ()f title ,,:,;f g':Iii)d~,il.{LwheifL all ~Ji!;~~]lj;~1 ni,;ik;s and rew~:5 a ,1;1,:[, o'W!!1.ernh§iP'hs.('i,''€' been rranso":€TI"Il:Q '~_ th.e' buyer .,Tr.EIEi~rer 00 01 [the tiH,€, ,g€n!3:!r~ly c0iin.cid'!:l:3 with tt!hc d.eJi'!,l\e:ryQfthe ,goods- R~vell1l'Ye~i;3, 'l:\ecogi1,~€ld"Jir:II!~1:1I ~'~'1~f~' ~iil':r.e~.$I)I:1I;jli~~~' ~F.'I!;.5iJnty Qfit$ 'J,'~i.I:bl@,ij)e~t!lJlzi)i,timL

of re ...t!TI!~l'!:;::l 8.!!.TJ.Q

the repDning

:pl::riDcL Di£ft:;ren.re

'bl::~e!!l

the SJ;::~hlELl r-;:m1Jlita

and estimates are ~o~tlillied in the perlo~ Ul whjcl1 the results are kr~~1I'~j iil.Mef~ed,

~\

«v
:3.
4,.
~i(] ;o"Y[1(1'!.lli1tirig 'M '4"-: ~L..;IiJc~ l)'n~lUM C to, be LIL the name 01 M'llklJ:!:' fhltml')_f)~lH~c.."\l Cl)'m,p;ThIi--:tyPvt. lAdJ. m, on the -cllIJile'af Elliml,ce ;S he r::t ,~erL-!:llin:gtf1Jj,i"l~ft:r.

r~.

Tbe

:l~ ,a :rnarn:!lil'~C:1:!Jl~l'Ii,g!l::Il'Jm.pany, c!liiJ, tL"1!f; infl!:lf'mati;n!l'1, l1!llTB'lJ!ant iIi(i; tn~ ~Iru~agj;'ili;p J ,&.it ',:,if£~t II 01 schedule V1 'tJ!) tt'te !~)~rru.~i!iiille~19~f,Is a utlidex::AJet, CiJ1I'i:1pany

prn'illiS'l,i>l'J!I'1,s,nf

~I

Impnrt£lrl, I!1di.R:l"!l1l11111;!'1,

REi.l0091./OtrlstCIi.

2."7'0%,

:Ra..

.323Q .-;,3 ~a'i:s

11.. 4% 8
B8..:~6%

Ra.J-6~88.72:lac;a:

97.a.Oi%

:R8.. 24,Q;26JH

la!l::!;;

;9,.)

tD,~L5ceI'waed

Ca:pacfr!!y

N.A, tt''t!5, on. 3, 1..03 ;2\OO~j fA~,cel:'~~fliedlVj he M.a:I'!i;jige'1'i:1:0i'i:t:) 2i[iilJlo-07'

~,R!;,.,in

ii,' ~Iilgts.1ted, ~P,iil.citJ

L2iJ.c;s,j

(ij

HIl'DJ8g:eriflil Rcmu.fi.Ci\UJ;oiiii Oillly' ii~l!:d, JT.L'lJnthJy. remuneration hE1~ been !!J!Jjid,to the M~m116:ojngjWhriL:!: T~iITf:iC Dircctora as ilJCX' Sdho::duJc. XH[ ,ad:'the Onmpe:nir.;s, Act :~ ".;h56..Dctaii:LB aa 'br.l0'..v::

1'170.4~
[Ra..in l ..ace]

5!lO"QO 3G@"OO
'in) P.a:l:'il:vrmiLa:rs of,actLlSlJ ll=i-rlod11let.!io!1", aales
&; di.1la~n~:,8'iiliJc'kl[iffL'niaJ:1!r.d sood!a,

:i.) .sai!ary ij) CO\l'1l~l"lbol1ltjjo:F.!I :Proridil'!TI.'it F'l!lr:idl F.;8,I to iii) ~rq'J,L!1ii~8~ &' Oitti'i~t".An(lIWtili!1.GG~

2:52.00
0.37' NIt.

2,1,16 ..00 !l)..37

N~L

-, M pci' ,RiiD.C.KU'f'C

~I

~t";.

55000/·

FO'~

V';jiJ:u;e

{i[~rt FIl::eB

,~O.~~
1.:11.9.4'15,

fi~.~,.uu~;:s) in
12',:99
7011 ..67 ,~. Fiixed d8~08~itS Witll bEi:l:l~~, am R.II.tii9!581 "708.,{- (PIV iRs" 110 (l,j,'2f72.f -) 82 (P IV' - Rs. 9(~1663 ~,g/-}.axe ~JMJ_.,geds IT1:31.J',gm mouerywLrn ~}@JIlkE;_ a
,GUt..l[if: 'v.'ih:ii:::'h,

'TcG'!h:noLom'Tn:msfcr

b.,S44,7\!llilll:~/-

20!l)6-0'l

~R~ Ul(;S) .In

'Toel~, &. 'T:l'a.v~~::::, Product :~ru:!P!l:!:.."tDO:I], Fe!::::!
2!i5;,,'T;J

2fd~~
1.,83

is.

NIL

Dep:reGi8i)t~O:Eiielln .m;~et8 h~8 'been provici!ecl. jD~ tbe en-hre .nmlO'll:nHng yeru- '!l\n .:£!!Irru,gl:i;!I line :method. s;fr the Tate;s, pr~;scriiibed, 'by SC!l:tEd!ill~r. )iN [of thE Onm,pan~r.;s, ,.\\,ct, l,g§f;i\. :O~p!l'CCi.a.tio!r.i, in re-apr.et: of adidljl~i.1!f:i:!'l,to :lIi$~~I~, h;ji,$ '~e~f!I e'h;jiJ..c-e@CJ @n r-iF(iif,;;i;t:D" itit!l.~'~' wl1:Jl\ 'l:'ef~l:'eT'i(:e ~,I)the. De~ri;Qd ;j)~'lJ;I!ge' . O~'g'!)!Ch .a;!l:sets, C;~:iJ1:ti:ribr;:::nt linbilit~l!:!3 ou:t~ti:md!il1:,§:'E18 '!Jal :3 j .I[iIJ_201]8 are ~m under: 8<.) l".ure!gn ,~~te:r' !:l'£Cre:±ii~/.in1i11.I"d, LeLj~:r ofC:redit,f:&uok GUm-'illI1t~ iaaued b~' ,13~ei:'~; P,J;rt:~MlI~~

~.

(Fi:!'l;j!1,I...a!l:;!l;]

~O@i7..('l!9
lOfUI·.,!5'8 2'588\.,58 3:2,,7:5 3 !51.!!li!I 6

'J\006~(lf7
13:~O.39 m!i9.2~

l~wM~tl!:ri<!l.!
E'qilJ!~iPment

U)Q~,~07'
:11. 0 §l1.:!lilli!J

32,:i2.7:'5 :22_:::l4,

FLC
IiJC B(} l.J.\Ur

er.ss

3,§,,'!JI6

~ ~

ID,;,0

'CH'"E'D'n''LES sro "I,,' ,,:,-__)c 'RM"IN"G' 'P"ART~~' I If ,;' ,-;" O'E'!iA' """COU' 1Di'lJliIS' ,'-E "',V,,'I, :'~'IlIl'

"

~ibJ C!JlI!l"pl:i!r.Ei,te' GI!iarantee ..

ah.amhO:Ld~!I'

On. 'ID alf af or.h

h.ldi SiWlft

balancea

i1WJmJ:nt..in.g to RlI:. lL.'9i37 .6''7

La~ ~P;r.~mJa

Laboratories Ltd. of whiicill the iDiJfllpany :is Y!!!lEIT: Ps ..283:7 ..8.15 l£l~8;l 'bi1!;;~d. on ,(HJltstanrl:i.ns

SJ[

t:tw';!':ymlI" endl,

21. :!i,tn:nu:iEJr;huiiil1,g U:ni'i: oi-t:he '!Ji:j(ri"'I[lJ8iJl1y' S'~tllated.8:1: EB1.cldi in Himnch!2tl the }'il!;E!I and!.wBiS Ica:p!tai:~smjL

Pr~tde8h 'W,1:lli eommleaiened durLng

iQ,

(")ompmlY hu:s if.i.ve~lilecii ~:s.;D,5,e5:5!lJ'ilJiQ in .M/:s .inn ;S~ft .. E..q'h~illJ! Sh;)l.re:50 @ R~.'fO/- et!l.c'h) WeT€: allotted b~ the
f'{"J!I"tl1-i.':o:mill1g~....Ei:1:' .
PiUb:~!aihr;:~, Ltd.

La.oo Ltd

fo~ which ..~:s. 6:1f72Jlli:JOQ/· l11'~60!lJ~ C©fJlp;;l_j"iJ.~ • Balance 'W"'!iU be ~JUI:litted li1 It;!)~
3,.1.03 .200;s, j;s R::;.1.2 1j'9500/-.
1

2'2. Pnri!: 'of tht~ G10DW i:!U!!ljn-!::!l5. 'lJlJii~ .od:' tht~ company ~iihlBJ.t~cl. at. Di',;!T..EJ.'bEl2::1~, Punjab w~nt ];nt·!:::< olJm~i!!T.'cis..l production EtJ:!,d. 'Wa..a CSlSJ.J.talW8 ed. durEn@ ·tl1J.e:y;::,s1".

2'~. InJ!!I.'figiibl-e .~eiU:

~ b) f,eeiu~ic.:\l
0..,(:.['

:1:

1.1.. Tl:!ie· I:t1!.'ifC:st:rnentjrw M/a. MEinaadPrirwi!'&

SiS· Gi!!:i.

12..

du..-it:::l(l!n;!'l; :n;!lim~ ,a"!I; A:&iJ~, M'~ga Ca~ and Di;fJgl1iOzi;!I; ..Th~ C(!imp'ofill'1.Y , iha;!'l; ,a];RiQ< ;;:I,l;!I'biA.tB:n:~ially· ~rter~;l!i;;:l~iJ. 'the rrurnbnr of:head!. q.ll.lBIil:·em in. the :!I.ta~!3:s 'wbJE:i!"C:it 'WSJ,a v;.'Ooong on ,8, :8m!i18!..!kr .8ca!!e .. E~:.pc-;rJ'!>e,.s :!r.Clatin,g to the :iw"itf(ldU.0twn &; e~LMllliImLefit (if. :f~J'i:,WP.rOOi..:ld;~I-D-8.~Ot~ [Ijj"id HIl:EJt~. \}lt8lt.'tetS h~l.... e:i:'iI.d:li.ru1g e "~~l1il1!fi~L[jJ~ffGC:t 'il;iI1!_Y(iWIid! t·tie .Y''G~,!'' in wl1l~C,h ·t:h~~ea:J'c~ tne1i!:rr~d, :S~J!Ch ~~t1~8 [U~' C'Jl;!j~'b~d ll.l.nd~F.' t·ti~ ihriad ~Ed. MiS'iI'~l:fitir:i@ EKpenes-e3 tD 'bc' amortized tn. s'blbaeq!ll!ll::!!lt fI1,i\E equal anmual inetallmenne,
f:1!E;'W

1.1:u:::: oo-m:pElEi:Y inJJ:roouD!O!d. F~l!W' p:rOO'l.l'l::~ r~g.t·8 !.[_~·1.'opc~S!,~·;~~!SllD'bU!!l··,J DO; .iB1]iP8!I::i!!~; '!lmolJ,j_ 'ejlC dJ:\0l\. It'JillrUio:rt·:2.50. Neisip. (fUlts, L\iOO({li_[j etc, d.Uritlg the ye..<Jjf 200'l·:200IS, 'f~1e ctJi1IltJ..Lt!~ has l~nrlitlJe;ti

neB

It~ u~etlttl ille 0-£ 5 yei:..\t.~,

kr~I:ioWhow

;Ii,'~q_tJJxed tiie ~

C©illr:iIi:J_llJ"

i" lIeeognl~!1

.;)..$

an ultan,gll!;)1e asset ,mdl ~s

~l._ilW~!l:i,e-d

~l

~m..i-et; on ~i!!:t'clL p~la£_e,;,'tlleohi!!:t'.~l·biJ ~flt M1~1 W~:iJ.;)}i~00rl~i:1t, ~t1dlt.,,_~~ (I,IL ,~e~rel'!)plIT'~e~lt ph Be J..i' eco_gnL::-,ed as ~11ti!!·- l'!;101e g asset lI"'! aceerdanee
a..:~ Ba.!iiiic. EP-S

w'l:tJ'1 "AS· 26,

2:-4. 1E:JiLIl"I1Iifig:P'€T .sh~.f.'€ ~E.P·S~ I

2'D0 ifi,.·!lJ7

1.3.., :R '& D~ C',:.tJmpm-q:~ '!J~['jl'.iJt>!i:.e['jf[y1.m-dieT.b:u1;.:I;r>Jg :[;lie,::lei:iirCh &, :O(..."Vdo:p~.i!!!lii~ ,~!ll.:rwew' SJ~ Q.f:M!::i!:l!~cJn-!::. ~r.t-we· : H .& D :fQ..{:U]j~.'j{ or the OOmpi!l..fiJ'LS d.uly re-eG-;$~~i2iLi I),e_~tt. o~ SeSMO~ 1& Teclu1'Glogy. GO'-.'t. or h~l~la, by 'I,mgdible
~1i:iii,

(~s.m~t5)

P.r·O'fli~.afu!:ri:a}il: (Atiri bu ta b ~@.' o:rd. [n 1al'Y' g h.cF.i:r hi:iJd.e rE) to I? Wdghti!!cl. A'!re:rE.ge mlmlber··Df QOOLnw:y' 37r0400®1'
:NiOilt,.

('..x..mpa]~.!ii tsam ~on;!Ii.!'iE:in~ of hi,gh'~ 'CUUaJlfiP-d.il'lif::i;~ri.tiiiSl,'b:I, Il:iaa rr.-a'!Fef!l tl:i!l!!lT;' ~x~@'I'ti;!II~ :iIll '!,<,;:'i:liG11I1l'l, ar@.t2!s.,of ~i3!clt!!ll.o~D,gy &'i!elz[D ment, E::qJc'nd!iti!lF"il!' :Rc&D incurred om. by·thc· Oom:pa:nY'rrlunng ilJ.i,C Ye i!Ii[' is:

~iRiI.iD:[;gCii~
!fL 10

.3'704..5'1)37

.Gii:&D!Fu!m~ih.lre·

~Sh;;.se~.

N0~ .

R&D Eq.l!.ltPiUe.fit :[D:t_,Jlbte: Ailllleb!:

:i?tr"Qd'lJ!ct TccilmiJ]0~ 1(l!8IPWtaliWm'k Iii, ~t;ilil!!,.:l·fit!8n.gibl~: Sruairy"'& \JJ@ge/8
Cot:i;R,1,lma.b·LGs

2"l,58 M8e-tt!
-42S.'QiO
7'1 ..89 ·~·71,·®5 j, 60 5~l66

,33.69
4:2.5.00 2'5.

b.8.43

107'. 1:3

IT11i'~s,t,Tfi~nt;;:::, ~,!:2:83,O,:S!8!I..,';j,~::~ .~' 6tat~d at C'll)st and. ·i.F.:I~ll;!l~il}S ©if ~ '~lQ~ed :i:niV~~;t.me~:oo il)f~. ~.t'!iI" i<rh~, M!M:~c~ V.E!h.-l~ >D.fq.iIJ!rJit:e.U :L-r:i'l/'e8'!m;::n'! ,i;1J."~ EI.~ ·!1l'r:icl.er.-

:2.'2~,i:ll"i}~

TeclHll~~;)lStll.l.Jweg, $up'PCi'.ft &. .R~pl,& Imnnt. ~Mm~hinezy) .

.~,:"'C!i\!. 7 1ll4_li,:S:
1

N.J;iHJ~ 'O:f't~e ,~m,lii~

:N!Ojl;,.

(;;Oil'li: ~~;e.

;o:£iS:tlillt"eii

I[b.

m W~i!i!1

:M~Det:
I[b.

m w;e-il~

vail,lU~

N.Jt'lili!:1L~m~tl:".'e

')i:.~e.tlI~e.s.

Total
:1,£']'..

][1.,162.:82: 26. Rel!lli~lCd Party :D:iK;l{liilure

Total i3iffil1.01!.m.t. of teern kioSlnsj:unstaJJm:::n.'b!I. 00' ti:erm lcena ·!!"I!!ps:y.a.·IDILE dlu!lin~ twe!.'IT.: miJa1!Ehs foRilrJM'lng ,::!;1..00" 20018 i~, RBi 48 i S.~04· LtI~ lPr'c",'lliu~ .Y'eE!I R:!!.248.::!;.::5;S L-£!..'!::l3~ -tom!l. publk: dermcit.:::; !Thii'wuntifi~ M' R.J!;"S45.2;:ll k.(i~ fP Ii Rhi,718.20 LI;._&s).
a!!'.id

(~

15.. LMJ.~a
M~iiljlIm

M.v:ancca
!:.ii.i"1WLHn.t

out;s;t.<.Ul,dling ·ciIr.&-l.J:i;g tb;~yt:ar W~

Id·lJ.J!r.: Irnm o~JjC,Gra. of [he OiJmpa:ny :i.a :R:8:. 4.1,41- La{:S! (~i!iJ1]a. '¥,l:jaI' Ra ..1. ..2,5.:la.csj RIi"4,,S6 'itriiiCj. tPr'C"..j.illit:~ ''.{e,;,u .R:s.2 ,-6 '1 Lut:!..1)."

lb]
,~8-.28

l.lst

'Q[:tIel;Ji,~e(ij ~;Ii!ft~e...~

&. tbJew l~e'l;:;i.t:liQ:r'1si':dp

~
-

,~i!!i
All

iP~f ,.IL"te:!W;re~ ',A"

!pElr ,BtDDe:mUEI-

'iRdaitcd

[PlEirry t1:·81".i:!'lscijo!!'.i;!!;...

'B"

'2;7. .D1Uiiillgthe

fit),

ltL

(i~:itJ;iO!f1 <t!d:' the. 13~~IiM.-.,j,he: C-UIT,e!l'J:t et~" t ~ 10m.:::;. &. 8J.til.'it@{,es. ~h.ow:i:1I. ifl tb~ B.;;lli:u~ce:a~t a v~tvJe of :f\e~Ji~.tjOt1 in 1;h@ ,(iiI~d1!n[jJ7 !lXI~"t~~ Mb'U;!'],iue:!,}"!l: ~;t]M;!lit ~u~1 tii} 1;h@,S,F.tliC!l..rl:l~ at wlli;CG'"i tttJ.cy arc' atsted In the balsinne sheet and p:rD"l:Ba~rm. far all kl1!.OW'.L.:m.d Q(fI]E!Dl1'L:n'oo liabilities :[8 adequate.

tl'l.e

year, ti.':i!G Com.pa:D1YnS!s undertaleena r·e'!i.i.il!w· f all :CL"!!i:OO o aaaeta irsline wii)i:1i]. ·t11l.c· reqsnremeat of: ®n. ·'IflrJ]J.edrmcT'Jil: 'Oof Aa8cts'" iBSU,Od! iti;Y '[nll:; Institiste 0!f' ChSl!li£il",ed .A..0ol:n:mnt!iin-bs of '!'Jldiia. BEi;!K)d! on iSl,11ICh ~'i."!'W, ~li".i pw..... is ~CI(n imra:i:~e:l:1lt u~ W-qL!l ToBd!·ito,b@ :r~CIl".!gnizeci! tr\l1!!" t..Ll:i;r: D~Or' }"@.ST . the
ru:;8:reat rupee,

h[j,'!,,'I@

'2:8. Th~' fi@lLl:rca.have iboon r.::iilJ!!ndcd to

17.. SO:r![~.eof the ,:::N.lp[lJ11i!!'l',::1llJf rnateriala

t~te ba"3illi,

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