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Club House Road. Anna Salai. Flat No. Majestic Apartments Soundarrajan street. Chennai – 600 035. Chennai . BANKER Indian Bank OUR BRANCH NETWORK ♦ TAMILNADU CHENNAI MADURAI ♦ ANDHRAPRADESH HYDERABAD : : 480.com www. Damodaran Shri M. Nandanam. Hyderabad – 500 029. 5. Selvaraj Company Secretary AUDITORS Venkat & Rangaa Chartered Accountants New No. : SHARE REGISTRARS & TRANSFER AGENTS Cameo Corporate Services Ltd.600 017. 1 . T. Rajaji Salai. Ph : 2431 0237 BOARD OF DIRECTORS Shri Rajeev Rishi Shri N. Chennai – 600 035. Phone : 2527892 3-6. Phone : 24329235 8-A. Eswaran Shri K.www. Subramanian Building.sansco.reportjunction.Nagar. Nandanam. Corporate Office : 480. 1. Madurai – 625 002. Chennai – 600 001.S. Bibi Kulam. Ratnasamy Nadar Cross Cut Road. Chennai – 600 002. 150. Anna Salai. Himayatnagar. Subramanian Shri A. Old No.net Ind Bank Housing Ltd Ind Bank Housing Ltd Registered Office : 66. 6. Natarajan Shri Banabihari Panda Managing Director EXECUTIVE Shri S. 13.

C NAGAR. Regd Office 66 Rajaji Salai Chennai. SANTHOME. offers himself for reappointment. CHENNAI – 600 028 on 27. In case there is any change in your address registered with us. To appoint a Director in the place of Shri A Damodaran who retires by rotation and he being eligible. 3. 2. 2. The explanatory statement pursuant to section 173 (2) of the Companies Act 1956 is annexed hereto.2012(both days inclusive). To appoint a Director in the place of Shri N Eswaran who retires by rotation and he being eligible.net NOTICE FOR THE XXI ANNUAL GENERAL MEETING Notice is hereby given that the twenty first Annual General Meeting of the Company will be held at “IMAGE” M.06. Details of Director seeking appointment/reappointment at the forthcoming Annual General Meeting (as required under clause 49 of the Listing Agreement) 2 .R.2012 to 27. consider and adopt the Audited Profit and Loss Account for the year ended 31st March 2012. 3. we request you to communicate the same to us with PIN code to enable us to register the change in our records. ORDINARY BUSINESS: 1. Please bring the admission slip with you duly filled in and handover the same at the entrance of the meeting hall. The Register of Members and the Share Transfer Register of the Company will remain closed from 23. 5.2012 at 3 P M for transacting the following business.2012 By Order of the Board For IND BANK HOUSING LTD S SELVARAJ COMPANY SECRETARY NOTES: 1. A member entitled to attend and vote in the above meeting is entitled to appoint a proxy to attend and vote instead of himself and the proxy need not be a member of the Company. To receive.reportjunction. It will greatly facilitate if you quote your registered Folio number in all your correspondence with the Company.07. the Audited Balance Sheet as at that date and the Report of the Directors and Auditors thereon.com Ind Bank Housing Ltd www.07. offers himself for reappointment. Proxies should be lodged at the Registered Office of the Company at least 48 hours before the commencement of the meeting.www. R A PURAM [NEAR IYAPPAN TEMPLE]. Date : 21. 4.sansco.07.

T & CP Arihant Foundations & Housing Ltd Except Shri A Damodaran none of the other Directors of your company is concerned or interested in the above resolution Agenda No.www. offers himself for reappointment Name Date of Birth Date of appointment Expertise in specific functional area Shri N Eswaran 30. Place Date : Chennai : 21..com www. having 37 years experience in banking industry in various positions.04. Director retires by rotation and he being eligible. MMDA.2007 Retired Chief Planner. Qualification Directorship in other public limited companies B.12.Com.2012 By Order of the Board For IND BANK HOUSING LTD S SELVARAJ Company Secretary 3 .05. (Engg) & Dip.sansco. (Civil). CAIIB Director in Indbank Merchant Banking Services Ltd Director in Indfund Management Ltd Except Shri N Eswaran none of the other Directors of your company is concerned or interested in the above resolution Regd Office 66 Rajaji Salai Chennai.reportjunction. M. Chennai B E.06.2011 General Manager.1953 20.net Ind Bank Housing Ltd Agenda No. 2: At this annual general meeting Shri A Damodaran. Indian Bank. 3: At this annual general meeting Shri N Eswaran. offers himself for reappointment Name Date of Birth Date of appointment Expertise in specific functional area Qualification Directorship in other public limited companies Shri A Damodaran 29 06 1936 19. Director retires by rotation and he being eligible.Sc.

Public Deposit The company had stopped renewing the public deposits with effect from 01. Year ended 31.92 7913. project loan accounts and inter corporate deposits as against Rs. Corporate Governance Report and Auditors’ Certificate regarding the compliance of the same are made a part of this Annual Report. In his place Indian Bank has nominated Shri Banabihari Panda. 6.62 7621. General Manager.48 crores.48 398.42 800. During this period the company had recovered Rs. The National Housing Bank has changed the provisioning norms for the non-performing assets with effect from 30.64 lacs as on 31.71 [Rs.2001 for want of borrowing power.92 lacs as on 31.81 0 1248. The entire outstanding balance represents matured but unclaimed deposits numbering to 12.com Ind Bank Housing Ltd www. your company had incurred a net loss of Rs. provision and tax Add: Depreciation Loss after depreciation and tax Add/Less: withdrawal of provisions no longer required Add: Prior period adjustment Loss after adjustments Balance loss brought forward from previous year Balance loss carried over to balance sheet Performance of the Company: During the financial year ended 31st March 2012 your company continued its efforts for recovery of non performing assets as done in the previous financial years. The company has intimated the depositors about the maturity of deposits with a request to claim their deposits.03.82) 0. Dividend During the year. As a result your company had to make additional provision for the non-performing assets to the extent of Rs.17 7913. Indian Bank.00 1. In view of the above.sansco.2011 397.2011.04 291. Management Discussion and Analysis.03. 4. During the year 2011-12 the company has remitted Rs. in lacs] Year ended 31.net DIRECTORS’ REPORT To the members. the loss for the financial year 2011-12 has gone up to Rs.0.05.1.92 crores in the previous financial year.72 lacs being the deposits matured but not claimed for more than 7 years.2.11. Corporate Governance Pursuant to clause 49 of the Listing agreement with the Stock Exchanges.48 crores as against Rs.20 crores during the previous year. consequent to his repatriation to Indian Bank.2011.94 1. Hence the Board of Directors have not recommended any dividend for the financial year ended 31st March 2012. 7. Financial Results: Particulars Loss before depreciation. 1956.03. Consequent to this the outstanding public deposits have come down to Rs. to the Investors Education and Protection Fund as per the requirements of the Companies Act.05.03.54 9161.12.2011. He was inducted into the Board of the company on 26.2011 and appointed as Managing Director of the company with effect from 26.5. Shri G Rangarajan has resigned from the Board of the company and as Managing Director with effect from 26.48 crores in spite of reduction in the level of non-performing assets by way of recovery. Directors During the financial year.reportjunction.2012 798.12.2012 from Rs.05. As per the revised norms the provisioning requirement has almost doubled.09.2011. Your Directors have pleasure in presenting the Twenty First Annual Report of your Company with audited accounts for the year ended 31st March 2012.www.48 (106.54 4 .36 447.92 crores from individual housing loans.

That in the preparation of the annual accounts for the year ended 31st March 2012 the applicable accounting standards have been followed along with proper explanation relating to material departures. active support and guidance received from Indian Bank and its officers and staff. The company has no activity relating to conservation of energy or technology absorption.2012 On behalf of the Board of Directors Banabihari Panda MANAGING DIRECTOR 5 . Shri R Ravi has resigned from the Board of the company as a Director with effect from 20. as statutory auditors by the Comptroller and Auditor General of India for the year 2011-12. 1956 a. Executive Director. Notes on Accounts furnished are selfexplanatory. The Board of Directors thank all the Shareholders and Depositors for their patronage. In his place Indian Bank has nominated Shri Rajiv Rishi. Place : Date : Chennai 19.04. Personnel None of the employees of the company received remuneration in excess of the limits prescribed Under Section 217 (2A) of the Companies Act.2011. Information As Per Section 217 (1-E) Of The Companies Act. 4. In his place Indian Bank has nominated Shri N Eswaran. 1956: 1. b. Your directors place on record their appreciation for the valuable contributions made by Shri V RamaGopal. Reserve Bank of India.04. That such accounting policies as mentioned in Schedule P of the Annual Accounts have been selected and applied consistently and judgments and estimates that are reasonable and prudent are made so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March 2012 and of the loss of the Company for that year.2011. Indian Bank has resigned from the Board of the company with effect from 01.06. Executive Director.04. Auditors M/s Venkat & Rangaa Chartered Accountants have been appointed.com www. General Manager. 2.net Ind Bank Housing Ltd During the year Shri V RamaGopal. if any. Deputy General Manager during their tenure as Director of the company.2011. That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. Indian Bank and he was inducted into the Board of the company on 20. your Directors make the following statement in terms of Section 217(2AA) of the Companies Act. The Directors also place on record their appreciation for the assistance. 3.06. Shri R Ravi .www. Directors’ Responsibility Statement To the best of their knowledge and belief and according to the information and explanations obtained by them. Acknowledgement The Directors wish to place on record their gratitude to the Ministry of Finance. Executive Director Indian Bank and he was inducted into the Board on 13. The Directors express their appreciation for the contribution of the employees of the company. 1956. Their continued patronage and support are of great encouragement to the company and will serve as a source of strength in all its future endeavours. That the annual accounts for the year ended 31st March 2012 has been prepared on a going concern basis. National Housing Bank and HUDCO for their valuable advice and guidance.sansco.2011.reportjunction. General Manager and Shri G Rangarajan. Auditors Report Regarding the observations made by the Auditors in their Report. Government of India. The company did not have any foreign exchange earnings as well as expenses.

04.www.2012 (ii) Information placed before the Board of Directors: It is the policy of the company that in addition to matters statutorily requiring approval of the Board. 6 . Indian Bank and he was inducted into the Board of the company on 20.2011. 20. In his place Indian Bank has nominated Shri Banabihari Panda.05.07. Executive Director. 25. Executive Director Indian Bank and he was inducted into the Board on 13. of Meetings Held 4 4 4 4 4 4 4 4 4 Attended 1 3 1 4 1 3 3 4 4 Last AGM Attended NA Attended NA Attended NA Attended Attended NA Not attended NED – Non-Executive Director. better internal control and improved efficiency.reportjunction.02.net REPORT ON CORPORATE GOVERNANCE 1.2011. During the year Shri V RamaGopal. In his place Indian Bank has nominated Shri N Easwaran. In line with this policy.2011.2011.04.05.06. Shri G Rangarajan has resigned from the Board of the company as Managing Director with effect from 26.2011.A Damodaran Shri K Subramanian Shri M S Natarajan Category of Directorship NED NED NED NED MD MD Independent Independent Independent No. Shri R Ravi has resigned from the Board of the company with effect from 20. Indian Bank and he was inducted into the Board of the company on 26.10. a Management Discussion and Analysis Report is given as addition to this report.2011. all major terms involving mobilisation of resources. capital expenditure.06. consequent to his repatriation to Indian Bank. General Manager. Attendance of each Director at the Board Meetings held during 2011-12 and the last AGM is as follows: Director Shri V RamaGopal Shri Rajiv Rishi Shri R Ravi Shri N Easwaran Shri G Rangarajan Shri Banabihari Panda Shri. The Management Discussion and Analysis Report: Pursuant to Clause 49 of the Listing Agreement. 2. Corporate governance in a broader perspective deals with performance. Indian Bank has resigned from the Board of the company with effect from 01. 3. all the information laid down in the corporate governance code are being placed before the Board of Directors. conformance and report thereby ensuring greater transparency. accountability and responsibility in every sphere of management practice and equity in all areas of its operation and in all its dealings with the shareholders and multiple stakeholders. The dates on which meetings were held are given below: 20. General Manager.sansco. Company’s philosophy on code of Governance: Corporate governance has established itself globally as a new and emerging concept in management.com Ind Bank Housing Ltd www. MD – Managing Director (i) Number of Board Meetings held and the dates on which held: 4 Board Meetings were held during the year 2011-12 as per the minimum requirement of 4 meetings.2011.2011.05. investments. Your company has been giving the highest importance to the elements of good corporate governance like transparency. The present Board of Directors of IBHL comprises one Executive .04. compromise etc are discussed by the Board.2011 and 02. 2 non-Executive Directors and 3 Independent Directors.2011 and appointed as Managing Director of the company with effect from 26. Board of Directors During the financial year. In his place Indian Bank has nominated Shri Rajiv Rishi.

reviewing the annual/half yearly financial statements before submission to the Board.12. issue of duplicate share certificates and other issues relating to shares. The Committee was reconstituted on 16. transposition of shares. Audit Committee Terms of reference: The Audit Committee provides direction to the audit functions of the company and monitors the quality of internal audit and internal control. of meetings attended 3 1 3 4 4 5.www. The Share Transfer Committee met 19 times during the year. The amount paid to them is as follows.04.com www. Composition: The Audit Committee was constituted on 04 07 2002 and the following are the members of the committee during the year 2011-12.2011)Shri N Easwaran (from 20. Name of the directors Shri.04. The following Directors are members at present: Shri A Damodaran Shri R Ravi (upto 20.sansco.reportjunction. Rs. In view of the above.2010. However the present Managing Director does not receive any remuneration from Ind Bank Housing Ltd as the same is met by Indbank Merchant Banking Services Ltd where he is holding the position as President & Whole time Director.000/. the company does not have a Remuneration Committee.1991.04. For Non Executive Directors [other than directors nominated by Indian Bank] sitting fees are paid for attending Board and Committee Meetings.paid for attending Board Meetings.paid for attending Board Meetings 6.6.8. The functions of the Audit Committee includes overseeing the financial reporting process to ensure proper disclosure of financial statements. Share Transfer/Shareholders Grievances Committee: Composition The share transfer committee was constituted by the Board of Directors at the meeting held on 09.000/. The attendance of members is as follows. Shri A Damodaran 19 Shri N Easwaran 18 Shri R Ravi 1 Shri K Subramanian 19 7 . Rs.A Damodaran Shri M S Natarajan Fees paid [for attending Board meetings). transmission. Remuneration Committee: Remuneration of employees consists salary and perquisites which are governed by the service regulations of the company framed and approved by the Board. Name of the member Shri A Damodaran Shri R Ravi Shri N Easwaran Shri K Subramanian Shri M S Natarajan Status Chairman Member Member Member Member No. reviewing findings of internal investigations.2011) Shri K Subramanian The functions of the Committee include approval. structure and staffing of the internal audit function.net Ind Bank Housing Ltd 4. rejection of transfer. reviewing adequacy of internal control systems and adequacy. The Managing Director of the company is on deputation from Indian Bank and the remuneration is in accordance with the Indian Bank Officers’ Service Regulation in force from time to time and the shareholders of the company at the respective general meeting have approved the same. discussing the scope of audit with external auditors.