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VIDEOCON INDUSTRIES LIMITED

ANNUAL REPORT 2013

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VIDEOCON INDUSTRIES LIMITED

BOARD OF DIRECTORS REGISTERED OFFICE
Venugopal N. Dhoot Chairman & Managing Director 14 K.M. Stone, Aurangabad-Paithan Road,
Village: Chittegaon, Taluka: Paithan,
S. Padmanabhan Independent Director Dist.: Aurangabad – 431 105 (Maharashtra)
Maj Gen. S. C. N. Jatar Independent Director
Radhey Shyam Agarwal Independent Director MANUFACTURING FACILITIES
Anil G. Joshi Independent Director 14 K.M. Stone, Aurangabad-Paithan Road,
B. Ravindranath Nominee- IDBI Bank Limited Village: Chittegaon, Taluka: Paithan,
Dist.: Aurangabad - 431 105 (Maharashtra)

Village: Chavaj, Via Society Area,
Taluka & Dist.: Bharuch - 392 002 (Gujarat)
AUDITORS
9LJ\DQ1DJDU,QGXVWULDO$UHD2SS5,,&22I¿FH
KHANDELWAL JAIN & CO. Shahjahanpur, Dist.: Alwar - 301 706 (Rajasthan)
Chartered Accountants
12-B, Baldota Bhavan,
117, Maharshi Karve Road,
BANKERS
Opp. Churchgate Railway Station,
Mumbai – 400 020 Allahabad Bank LIC of India
Andhra Bank Punjab National Bank
Bank of Baroda State Bank of Bikaner & Jaipur
KADAM & CO. Bank of India State Bank of Hyderabad
Chartered Accountants Bank of Maharashtra State Bank of India
“Vedant”, 8/9, Viraj Estate, Canara Bank State Bank of Mysore
Opp. Tarakpur Bus Stand,
Central Bank of India State Bank of Patiala
Ahmednagar- 414 003
Corporation Bank State Bank of Travancore
Dena Bank Syndicate Bank
ICICI Bank Limited The Federal Bank Limited
IDBI Bank Limited UCO Bank
IFCI Limited Union Bank of India
COMPANY SECRETARY
Indian Bank United Bank of India
Vinod Kumar Bohra Indian Overseas Bank Vijaya Bank

CONTENTS
Notice ..................................................................................................................................................... 1
Directors’ Report..................................................................................................................................... 5
Corporate Governance Report .............................................................................................................. 14
Management Discussion and Analysis Report ....................................................................................... 26
Auditors’ Report ..................................................................................................................................... 31
Balance Sheet ........................................................................................................................................ 34
6WDWHPHQWRI3UR¿WDQG/RVV ................................................................................................................. 35
Cash Flow Statement ............................................................................................................................ 36
Notes forming part of the Financial Statements ..................................................................................... 37
Consolidated Financial Statements ........................................................................................................ 53
Financial Information of Subsidiary Companies .................................................................................... 77

NOTICE
NOTICE is hereby given that the Twenty-Fourth Annual General law), which the Board be and is hereby authorised to accept,
Meeting of the Members of VIDEOCON INDUSTRIES LIMITED LILWWKLQNV¿WLQWKHLQWHUHVWRIWKH&RPSDQ\WKHFRQVHQWRIWKH
(the “Company”) will be held on Saturday, 28th December, 2013 Company be and is hereby accorded to the Board to create,
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being eligible. Foreign Currency Convertible Bonds (“FCCBs”) being either  7RDSSRLQWDGLUHFWRULQSODFHRI0U$QLO*-RVKLZKRUHWLUHVE\ with or without detachable warrants attached thereto entitling URWDWLRQDQGEHLQJHOLJLEOHRIIHUVKLPVHOIIRUUHDSSRLQWPHQW WKH ZDUUDQW KROGHU WR DSSO\ IRU (TXLW\ 6KDUHVLQVWUXPHQWV RU VHFXULWLHV LQFOXGLQJ *'5V DQG $'5V UHSUHVHQWLQJ HTXLW\  7R DSSRLQW D GLUHFWRU LQ SODFH RI 0U 6 3DGPDQDEKDQ ZKR shares (hereinafter collectively referred to as the “Securities”) retires by rotation and. offers himself for re. RUDQ\FRPELQDWLRQRI(TXLW\6KDUHVZLWKRUZLWKRXWSUHPLXP DSSRLQWPHQW to be subscribed to in Indian and/or any foreign currency(ies) by  7R DSSRLQW$XGLWRUV DQG WR ¿[ WKHLU UHPXQHUDWLRQ DQG LQ WKLV resident or non-resident/foreign investors (whether institutions UHJDUGWRFRQVLGHUDQGLIWKRXJKW¿WWRSDVVZLWKRUZLWKRXW and/or incorporated bodies and/or individuals and/or trusts PRGL¿FDWLRQ V.

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at a discount or at a premium on the market WKHUHRI. with authority to retain oversubscription upto such percentage as may be permitted by the Appropriate “RESOLVED THAT pursuant to the provisions of Section Authorities. with or without voting rights in general meetings/ 81(1A) and other applicable provisions. at such price or prices. at such interest or $FW LQFOXGLQJDQ\DPHQGPHQWWKHUHWRRUUHHQDFWPHQW additional interest. DQGRU 8QGHUZULWHUV the following resolution as a Special Resolution: and/or other Advisors. of the Companies class meetings. if any.

face value. listing agreements entered RQ UHGHPSWLRQSUHSD\PHQW QXPEHU RI IXUWKHU HTXLW\ VKDUHV LQWR E\ WKH &RPSDQ\ ZLWK WKH VWRFN H[FKDQJHV ZKHUH WKH WR EH DOORWWHG RQ FRQYHUVLRQ UHGHPSWLRQH[WLQJXLVKPHQW RI shares of the Company are listed.QGLD redemption period. WKH )RUHLJQ ([FKDQJH 0DQDJHPHQW $FW  WKH price or prices and in such form and manner and on such terms Issue of Foreign Currency Convertible Bonds and Ordinary DQG FRQGLWLRQV RU VXFK PRGL¿FDWLRQV WKHUHWR LQFOXGLQJ WKH Shares (Through Depository Receipt Mechanism) Scheme. manner of redemption. rate of interest.  WKH QRWL¿FDWLRQV LVVXHG E\ WKH 5HVHUYH %DQN RI . Articles of Association GHEW V. amount of premium (“RBI”) and other applicable laws. number of Securities to be issued.

the Merchant Banker(s) and/ DVPD\EHUHTXLUHGDQGVXEMHFWWRVXFKWHUPVFRQGLWLRQVDQG RU /HDG 0DQDJHU V. permissions and/or sanctions of the Government of LQVWUXPHQWSHULRGRIFRQYHUVLRQ¿[LQJRIUHFRUGGDWHRUERRN . H[FKDQJHRIVKDUHVDQGRUZDUUDQWVDQGRUDQ\RWKHU¿QDQFLDO consents.H[HUFLVHRIULJKWVDWWDFKHGWRWKHZDUUDQWVWKHUDWLRRI and subject to all other statutory and regulatory approvals.QGLD5HVHUYH%DQNRI.QGLD6HFXULWLHVDQG([FKDQJH%RDUG closure and all other related or incidental matters as the Board of India (“SEBI”) and all other concerned authorities (hereinafter PD\LQLWVDEVROXWHGLVFUHWLRQWKLQN¿WDQGGHFLGHLQFRQVXOWDWLRQ singly or collectively referred to as the “Appropriate Authorities”) with the appropriate authority(ies).

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approval or consent from the shareholders and also subject to permission and/or sanction and agreed to by the Board of WKHDSSOLFDEOHUHJXODWLRQVIRUWKHWLPHEHLQJLQIRUFH Directors of the Company (herein after called the “Board”. EXW ZLWKRXW UHTXLULQJ DQ\ IXUWKHU Authorities while granting any such approval. consent. which term shall be deemed to include any committee(s) constituted/ RESOLVED FURTHER THAT the Relevant Date for determining WREHFRQVWLWXWHGE\WKH%RDUGWRH[HUFLVHLWVSRZHUVLQFOXGLQJ WKHSULFLQJRIWKH6HFXULWLHVRULVVXHRI(TXLW\6KDUHVXQGHUO\LQJ SRZHUVFRQIHUUHGE\WKLVUHVROXWLRQWRWKHH[WHQWSHUPLWWHGE\ the GDRs/ADRs or securities issued on conversion of FCCBs 1 .

ANNUAL REPORT 2013 is the date of the meeting in which the Board decides to open RESOLVED FURTHER THAT the Board be and is hereby WKHSURSRVHGLVVXHRUVXFKGDWHLIDQ\DVPD\EHQRWL¿HGE\ authorised to delegate all or any of the powers herein conferred 6(%.” DXWKRULVHGWRHQWHULQWRDQGH[HFXWHDOOVXFKDJUHHPHQWVDQG DUUDQJHPHQWVZLWKDQ\/HDG0DQDJHU V. to any Committee of Directors or any SHUVRQRUSHUVRQVDVLWPD\LQLWVDEVROXWHGLVFUHWLRQGHHP¿W RESOLVED FURTHER THAT the Board be and is hereby in order to give effect to this resolution.RUWKH5%.RUDQ\$SSURSULDWH$XWKRULW\IURPWLPHWRWLPH by this resolution on it.

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QGLDQ. VIDEOCON INDUSTRIES LIMITED Depository(ies). Trustee. and also to seek the listing of such 6HFXULWLHVLQRQHRUPRUH. 'DWHWK1RYHPEHU COMPANY SECRETARY brokerage. Custodian(s). Taluka: Paithan. Banker/Escrow Banker to the Issue and all such agencies as may be involved or concerned in such offerings of Securities Place: Mumbai VINOD KUMAR BOHRA and to remunerate all such agencies by way of commission.06WRQH$XUDQJDEDG3DLWKDQ5RDG RESOLVED FURTHER THAT the Board and/or agency or body Village: Chittegaon. authorised by the Board may issue Depository Receipt(s) or 'LVW$XUDQJDEDG 0DKDUDVKWUD.QWHUQDWLRQDO6WRFN([FKDQJHV 5HJLVWHUHG2I¿FH . fees or the like. Stabilisation Agent.

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during the currency of the warrants or option or business to be transacted at the MHHWLQJ LV DQQH[HG DQG DQ\ULJKWHQWLWOLQJWKHKROGHURIVHFXULW\WRVXEVFULEHIRU(TXLW\ forms part of this NRWLFH Shares or any OFIs. such Securities to be issued.Q WHUPV RI 6HFWLRQ  RI WKH &RPSDQLHV $FW  D and regulations. RESOLVED FURTHER THAT VXEMHFW WR WKH H[LVWLQJ ODZ  . that are not statement setting out the material facts concerning special subscribed. all such further (TXLW\ 6KDUHV UDQNLQJ pari-passu ZLWK WKH H[LVWLQJ IXOO\ SDLG OF THE MEETING. A PERSON CAN BE A PROXY FOR HTXLW\VKDUHVRIWKH&RPSDQ\LQDOOUHVSHFWVH[FHSWSURYLGHG MEMBERS NOT EXCEEDING 50 (FIFTY) AS PER THE RWKHUZLVHXQGHUWKHWHUPVRILVVXHDQGLQWKHRIIHUGRFXPHQW COMPANIES ACT. 2013. may be disposed of by the Board to  &RUSRUDWH 0HPEHUV LQWHQGLQJ WR VHQG WKHLU DXWKRUL]HG such person(s) and in such manner and on such terms as the UHSUHVHQWDWLYH V.QWHUQDWLRQDO0DUNHWV ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF/ HERSELF AND THE PROXY NEED NOT BE A MEMBER RESOLVED FURTHER THAT the Board be and is hereby OF THE COMPANY. HOWEVER.UHSUHVHQWLQJWKHXQGHUO\LQJVHFXULWLHVLVVXHGE\ the Company in registered or bearer form with such features NOTES and attributes as are prevalent in Indian and/or International Capital Markets for the instruments of this nature and to provide  A MEMBER ENTITLED TO ATTEND AND VOTE AT for the tradability or free transferability thereof.QGLDQ. BE DEPOSITED AT THE 6KDUHV DV PD\ EH UHTXLUHG WR EH LVVXHG DQG DOORWWHG XSRQ REGISTERED OFFICE OF THE COMPANY NOT LESS THAN conversion of any securities or as may be necessary in FORTY-EIGHT HOURS BEFORE THE COMMENCEMENT accordance with the terms of the offering. as per the Indian/ THE ANNUAL GENERAL MEETING (THE “MEETING”) International practices and regulations and under the norms IS ENTITLED TO APPOINT A PROXY/PROXIES TO DQGSUDFWLFHVSUHYDOHQWLQWKH. THE INSTRUMENT APPOINTING THE DXWKRULVHG WR LVVXH DQG DOORW VXFK QXPEHU RI IXUWKHU (TXLW\ PROXY SHOULD.

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consents the Committees of the Board of Directors and particulars or permissions to the issue as may be considered necessary. entry to the place of Meeting will be regulated arise in regard to any such issue(s)/ offer(s) or allotment(s) or E\ DWWHQGDQFH VOLS ZKLFK LV DQQH[HG WR WKH$QQXDO 5HSRUW otherwise and utilization of the issue proceeds and/ or otherwise 0HPEHUVDUHUHTXHVWHGWRVLJQDWWKHSODFHSURYLGHGRQWKH to alter or modify the terms of issue. as it may in its DWWHQGDQFHVOLSDQGKDQGLWRYHUDWWKHHQWUDQFHRIWKHYHQXH DEVROXWHGLVFUHWLRQGHHP¿WDQGSURSHUZLWKRXWEHLQJUHTXLUHG to seek any further consent or approval of the Company to the  0HPEHUV ZKR KROG VKDUHV LQ GHPDWHULDOL]HG IRUP DUH end and intent that the Company shall be deemed to have given UHTXHVWHG WR ZULWH WKHLU &OLHQW .' DQG WKRVH ZKR LWVDSSURYDOWKHUHWRH[SUHVVO\E\WKHDXWKRULW\RIWKLVUHVROXWLRQ KROGVKDUHVLQSK\VLFDOIRUPDUHUHTXHVWHGWRZULWHWKHLU)ROLR 1XPEHURQWKHDWWHQGDQFHVOLSIRUDWWHQGLQJWKH0HHWLQJ 2 . depository and 0U63DGPDQDEKDQDVWKH'LUHFWRUVRIWKH&RPSDQ\ custodian arrangements and with power on behalf of the  )RU FRQYHQLHQFH RI WKH 0HPEHUV DQG IRU SURSHU FRQGXFW RI &RPSDQ\WRVHWWOHDQ\TXHVWLRQVGLI¿FXOWLHVRUGRXEWVWKDWPD\ the Meeting. RI WKHLU VKDUHKROGLQJ DV VWLSXODWHG XQGHU &ODXVH  RI SURSHUDQGH[SHGLHQWDQG WRGRDOO VXFKDFWVGHHGV PDWWHUV WKH /LVWLQJ $JUHHPHQW ZLWK WKH 6WRFN ([FKDQJHV LQ .0XWXDO  .QGLD and things as it may. whether or not such Directors of the Company. are liable to retire by rotation at investors are members of the Company. names of the other public limited companies in which on behalf of the Company to agree to and make and accept VXFKFRQGLWLRQVPRGL¿FDWLRQVDQGDOWHUDWLRQVVWLSXODWHGE\DQ\ they hold directorship and membership/chairmanship of of the relevant authorities while according approvals. in its absolute discretion. if any. marketing. the Board be and is hereby authorised area. as the Board may in its WKH HQVXLQJ 0HHWLQJ %HLQJ HOLJLEOH 0U $QLO * -RVKL DQG DEVROXWHGLVFUHWLRQGHFLGH 0U 6 3DGPDQDEKDQ KDYH RIIHUHG WKHPVHOYHV IRU UH DSSRLQWPHQW $ EULHI SUR¿OH RI WKH 'LUHFWRUV VHHNLQJ UH RESOLVED FURTHER THAT for the purpose of giving effect DSSRLQWPHQW QDWXUH RI WKHLU H[SHUWLVH LQ VSHFL¿F IXQFWLRQDO to the above resolutions. deem necessary LV DSSHQGHG WR WKH QRWLFH 7KH %RDUG RI 'LUHFWRUV RI \RXU or desirable for such purpose. including without limitation &RPSDQ\UHFRPPHQGUHDSSRLQWPHQWRI0U$QLO*-RVKLDQG the entering into of underwriting.QWHUPVRIWKHSURYLVLRQVRI6HFWLRQRIWKH&RPSDQLHV Funds/ Pension Funds/ Venture Capital Funds/ Banks and/or $FWDQGWKHSURYLVLRQVRIWKH$UWLFOHVRI$VVRFLDWLRQRI Employees and Business Associates of the Company or such WKH &RPSDQ\ 0U $QLO * -RVKL DQG 0U 6 3DGPDQDEKDQ other person(s) or entity(ies) or otherwise.' DQG '3 .

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0HPEHUVKROGLQJ holder who is higher in the order of names shall be entitled to VKDUHVLQHOHFWURQLFIRUPDUHUHTXHVWHGWRQRWLI\DQ\FKDQJHLQ YRWH WKHLUDGGUHVV HV.

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Company. Taluka: Paithan. in identical names or joint accounts in the same order RU QDPHV DUH UHTXHVWHG WR VHQG WKH VKDUH FHUWL¿FDWHV WR Place: Mumbai VINOD KUMAR BOHRA 0V0&6/LPLWHG5HJLVWUDUDQG6KDUH7UDQVIHU$JHQWRIWKH 'DWHWK1RYHPEHU COMPANY SECRETARY &RPSDQ\IRUFRQVROLGDWLRQLQWRDVLQJOHIROLR 5HJLVWHUHG2I¿FH  0HPEHUV KROGLQJ VKDUHV LQ SK\VLFDO IRUP DUH UHTXHVWHG .06WRQH$XUDQJDEDG3DLWKDQ5RDG to kindly notify any change in their address(es) to the Village: Chittegaon.0HPEHUVDUH VHFUHWDULDO#YLGHRFRQPDLOFRP UHTXHVWHGWRQRWHWKDWQRFODLPVVKDOOOLHDJDLQVWWKH&RPSDQ\ or IEPF in respect of any amounts which were unclaimed and  0HPEHUVDUHUHTXHVWHGWRNLQGO\EULQJWKHLUFRS\RIWKH$QQXDO XQSDLG IRU D SHULRG RI VHYHQ \HDUV IURP WKH GDWH WKH\ ¿UVW 5HSRUWWRWKH0HHWLQJ became due for payment and no payment shall be made in By order of the Board of Directors of UHVSHFWRIDQ\VXFKFODLPV VIDEOCON INDUSTRIES LIMITED  0HPEHUV ZKR KROG VKDUHV LQ SK\VLFDO IRUP XQGHU PXOWLSOH folios. so as to enable the Company to address future 'LVW$XUDQJDEDG 0DKDUDVKWUD.

2013 HTXLW\ VKDUHKROGHUV LQ WKH SURSRUWLRQ RI WKHLU UHVSHFWLYH HTXLW\ VKDUHKROGLQJVLQWKH&RPSDQ\3XUVXDQWWR6HFWLRQ $. A STATEMENT SETTING OUT THE MATERIAL FACTS PURSUANT WKHUHLQ LW LV UHTXLUHG WR RIIHU VXFK IXUWKHU VKDUHV WR LWV H[LVWLQJ TO SECTION 102 OF THE COMPANIES ACT.

RIWKH .WHP1R &RPSDQLHV$FW  D 3XEOLF &RPSDQ\ PD\ RIIHU LWV VKDUHV LQ any manner whatsoever to persons other than those mentioned in The Company is evaluating different proposals to mobilize the 6HFWLRQ .

decide to augment its capital 7KH %RDUG UHFRPPHQGV WKH UHVROXWLRQ VHW RXW DW . any other Depository Receipt 0HFKDQLVPFRQYHUWLEOHLQWR(TXLW\6KDUHVRUDQ\VXFKLQVWUXPHQW Place: Mumbai VINOD KUMAR BOHRA or security [including Debentures or Bonds or FCCBs] being either 'DWHWK1RYHPEHU COMPANY SECRETARY with or without detachable warrants attached thereto entitling the ZDUUDQWKROGHUWRDSSO\IRU(TXLW\6KDUHVLQVWUXPHQWV 5HJLVWHUHG2I¿FH . Global Depository Receipts (“GDRs”). are in ¿QDQFLDO LQVWUXPHQW LQ RQH RU PRUH WUDQFKHV IRU DQ DPRXQW QRW DQ\ZD\FRQFHUQHGRULQWHUHVWHGLQWKHVDLGUHVROXWLRQ H[FHHGLQJ`&URUHVLQFOXVLYHRISUHPLXPWKURXJKD)ROORZ By order of the Board of Directors of on Public Offering (“FPO”).WHP 1R  RI EDVH $FFRUGLQJO\ LW LV SURSRVHG WR VHHN VKDUHKROGHUV¶ DSSURYDO WKHQRWLFHIRU\RXUDSSURYDO1RQHRIWKH'LUHFWRUVDQGRWKHU.H\ WR LVVXH RIIHU DQG DOORW HTXLW\ VKDUHV DQGRU RWKHU HTXLW\ OLQNHG Managerial Personnel of the Company and their relatives. at an appropriate time. VIDEOCON INDUSTRIES LIMITED American Depository Receipts (“ADRs”). Foreign Currency Convertible Bonds (“FCCBs”).QWHUPVRI6HFWLRQ .RIWKH&RPSDQLHV$FWLIDVSHFLDOUHVROXWLRQWR IXQGV DV DQG ZKHQ UHTXLUHG LQFOXGLQJ E\ ZD\ RI LVVXH RI GHEW WKDWHIIHFWLVSDVVHG LQVWUXPHQW DQG LQVWUXPHQWV FRQYHUWLEOH LQWR HTXLW\ VKDUHV 7KH Company may.

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DUXQ &KDQGUD 6ULYDVWDYD A good IT infrastructure in the Company is absolutely necessary Director of the Company resigned from the Board of the Company for complying with the regulatory or safety norms.DUXQ &KDQGUD 6ULYDVWDYD 0U WKURXJK606:HEVLWHVVRRQWRKDYHEHVWDQGVSHHG\FXVWRPHU *LULVK.'%. SHUIRUPDQFH DQG TXDOLW\ YLD UHDOWLPH SURFHVV PRQLWRULQJ DQG %DQN/LPLWHGFHDVHGWREHWKH'LUHFWRURIWKH&RPSDQ\ZHIWK ¿QDOO\ LPSURYH UHOLDELOLW\ YLD DSSURSULDWH PDLQWHQDQFH GULYHQ E\ )HEUXDU\  FRQVHTXHQW WR ZLWKGUDZDO RI KLV QRPLQDWLRQ E\ XSWRGDWHLQIRUPDWLRQRQHTXLSPHQWVWDWXV . suppliers and other parties which enable the Company WR H[SORUH QHZ EXVLQHVV RSSRUWXQLWLHV DQG LW VKDOO FRQWLQXH WR INFORMATION TECHNOLOGY GLVFKDUJHLWV&65LQWKHEHVWSRVVLEOHPDQQHU Your Company continues to invest in Information Technology (IT) APPOINTMENT AND RE-APPOINTMENT OF DIRECTORS OHYHUDJLQJLWDVDVRXUFHRIFRPSHWLWLYHDGYDQWDJH During the period under revieZ 0U .&. integration in business operations. connect FRQWULEXWLRQ UHFHLYHG IURP 0U . 2013 31st December.1D\DNDQG0U3UDGLSNXPDU1'KRRWGXULQJWKHLUWHQXUH LQWHUDFWLRQ<RXU&RPSDQ\KDVSXWLQSODFHDQHQDEOHG&RQVXPHU DVWKH'LUHFWRUVRIWKH&RPSDQ\ Interaction Centre for addressing complaints and suggestions from FRQVXPHUVUHWDLOHUVDQGGLVWULEXWRUV 'XULQJ WKH SHULRG XQGHU UHYLHZ 0U 6$QDQWKDNULVKQDQ ZDV FR RSWHG DV D 1RPLQHH 'LUHFWRU RI .193. %DQN /LPLWHG )XUWKHU GXULQJ WKH SHULRG 0U 3UDGLSNXPDU The Company has adopted “Digital Nervous System” for sustaining 1'KRRW:KROH7LPH'LUHFWRURIWKH&RPSDQ\UHVLJQHGIURPWKH WKH FXW WKURDW FRPSHWLWLRQ IRU WKH ³1XPHUR 8QR´ SRVLWLRQ LQ DQ\ %RDUGRIWKH&RPSDQ\ZHIWK$XJXVW VHFWRURIHFRQRP\<RXU&RPSDQ\KDVXSJUDGHGLWVH[LVWLQJIDFLOLWLHV The Board places its sincere appreciation towards the valued with improved technology for customers like call centers. standardized business processes and 6$QDQWKDNULVKQDQ VWDQGDUGRSHUDWLQJSUDFWLFHVZLWKZHOOHVWDEOLVKHGFRQWUROV &KDQJHVDIWHUWKH%DODQFHVKHHW'DWH <RXU &RPSDQ\ KDV LQWURGXFHG 6DOHV 7UDQVIRUPDWLRQ  0U 6 3 7DOZDU FHDVHG WR EH WKH 'LUHFWRU RI WKH &RPSDQ\ ZHI (QKDQFHPHQW 3URJUDP 67(3.ANNUAL REPORT 2013 FOREIGN EXCHANGE EARNINGS AND OUTGO <RXU &RPSDQ\ EHOLHYHV WKDW ZKLOH SUR¿W LV LPSRUWDQW IRU DOO EXVLQHVVHV SUR¿W FDQQRW EH WKH RQO\ UHDVRQ IRU WKH H[LVWHQFH 7KHSDUWLFXODUVRI)RUHLJQ([FKDQJH(DUQLQJVDQG2XWJRGXULQJWKH 3UR¿WV KHOS WR DFKLHYH PLVVLRQ ZKLOH FRQWULEXWLQJ WR WKH VRFLHW\ ¿QDQFLDOSHULRGHQGHGRQWK-XQHDUHVHWRXWKHUHXQGHU Your Company conducts its business in a sustainable and socially UHVSRQVLEOH PDQQHU 7KLV SULQFLSDO LV DQ LQWHJUDO SDUW RI \RXU (` In Million) &RPSDQ\¶VFRUSRUDWHYDOXHV7KH&RPSDQ\FRQWLQXHVWRLPSDFWWKH Period ended Year ended OLYHV RI SHRSOH WKURXJK UHOHQWOHVV &65 LQLWLDWLYHV <RXU &RPSDQ\ Particulars 30th June. 2011 has put in place the strategy including CSR priorities and actions (18 months) (12 months) IRULPSURYHPHQWHYHU\ZKHUHLQWKHRUJDQL]DWLRQ )RUHLJQ([FKDQJH(DUQLQJV 9. of compliance.&.&.&.'%.851. %DQN /LPLWHG RQ WKH %RDUG Through the latest version of SAP Solutions your Company has RI WKH &RPSDQ\ ZHI WK )HEUXDU\  +RZHYHU 0U 6 OHYHUDJHG WKH EHQH¿WV OLNH DFFHOHUDWH LQQRYDWLRQ SURGXFH KLJK $QDQWKDNULVKQDQFHDVHGWREHWKH'LUHFWRURIWKH&RPSDQ\ZHI TXDOLW\ SURGXFWV DW KLJK SUR¿W PDUJLQV UHGXFH WKH FRVW DQG HIIRUW WK-XQHFRQVHTXHQWWRZLWKGUDZDORIQRPLQDWLRQE\. optimization %DQN/LPLWHG0U%5DYLQGUDQDWKZDVQRPLQDWHGLQSODFHRI0U of enterprise resources.1D\DN±1RPLQHHRI. to improve ZHIVW)HEUXDU\0U*LULVK.13  Your Company ensures to remain in a constant dialogue with customers.76  )RUHLJQ([FKDQJH2XWJR 26.

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would be within the limits prescribed under /LPLWHG9LGHRFRQ*OREDO/LPLWHG9LGHRFRQ+\GURFDUERQ+ROGLQJV 6HFWLRQ %./LPLWHG9LGHRFRQ UHFHLYHG FHUWL¿FDWHV IURP WKH VDLG$XGLWRUV WR WKH HIIHFW WKDW WKHLU (QHUJ\/LPLWHG9LGHRFRQ(QHUJ\%UD]LO/LPLWHG9LGHRFRQ(VWHOOH re-appointment. if made.

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DQGGDWHGWK)HEUXDU\DQGVW Consolidated Financial Statements for the period ended on 30th )HEUXDU\UHVSHFWLYHO\KDVJUDQWHGH[HPSWLRQIURPDWWDFKLQJ -XQH the Annual Accounts and other documents of the subsidiary companies with the Balance Sheet of the holding company. subject 0DQDJHPHQW¶V([SODQDWLRQWRWKH$XGLWRUV¶4XDOL¿FDWLRQV WRIXO¿OOPHQWRIFHUWDLQFRQGLWLRQVVWLSXODWHGWKHUHLQ7KH%RDUGRI Directors have accorded their consent for not attaching the Balance a) In reVSHFW RI 3RLQW 1R  I.

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as approved by their respective Board of losses. based on the EHHQDZDUGHGVSHFWUXPLQWKHVHFLUFOHV97/LVFRQWLQXLQJLWV Financial Statements received from the subsidiaries. which also include the 21 companies and the related detailed information of the subsidiary 8$6 OLFHQVHV JUDQWHG WR 97/ DQG WKH VSHFWUXP DOORWWHG WR companies shall be made available to the shareholders of the LW 7KH +RQ¶EOH 6XSUHPH &RXUW RI .QGLD DOVR GLUHFWHG WKH holding and subsidiary companies seeking such information at any Telecom Regulatory Authority of India (TRAI) to make fresh SRLQW RI WLPH 7KH $QQXDO $FFRXQWV RI WKH VXEVLGLDU\ FRPSDQLHV recommendations for grant of licenses and allocation of shall also be kept open for inspection by any shareholder at the spectrum and the Central Government to grant fresh licenses 5HJLVWHUHG 2I¿FH RI WKH &RPSDQ\ DQG WKDW RI WKH UHVSHFWLYH DQGDOORFDWLRQRIVSHFWUXPE\DXFWLRQWKHUHDIWHU VXEVLGLDU\FRPSDQLHV7KH&RPSDQ\VKDOOIXUQLVKDKDUGFRS\RI GHWDLOVRIDFFRXQWVRIVXEVLGLDULHVWRDQ\VKDUHKROGHURQGHPDQG The Central Government conducted the auction of spectrum CONSOLIDATED FINANCIAL STATEMENTS LQ 1RYHPEHU  97/ SDUWLFLSDWHG LQ WKH DXFWLRQ DQG KDV been declared as a successful bidder in 6 circles and has The Audited Consolidated Financial Statements. associates EXVLQHVVDVDJRLQJFRQFHUQ$V97/KDVKXJHDFFXPXODWHG and joint ventures. of mobilizing necessary resources for continuing its operations Accounting Standard 27 on “Financial Reporting of Interests in DV SHU WKH EXVLQHVV SODQ $FFRUGLQJO\ LQ WKH RSLQLRQ RI WKH -RLQW 9HQWXUHV´ DQG $FFRXQWLQJ 6WDQGDUG  RQ ³$FFRXQWLQJ IRU PDQDJHPHQW QR SURYLVLRQ LV UHTXLUHG IRU GLPLQXWLRQ LQ WKH .QYHVWPHQWVLQ$VVRFLDWHVLQ&RQVROLGDWHG)LQDQFLDO6WDWHPHQWV´ value of aforesaid inveVWPHQWVDQGDGYDQFHVWR97/ 11 .SURSRVHGGLYLGHQG QG )HEUXDU\  TXDVKHG DOO WKH 8$6 OLFHQVHV JUDQWHG RQRUDIWHUWK-DQXDU\DQGWKHVXEVHTXHQWDOORFDWLRQ The Company undertakes that the Annual Accounts of the subsidiary of spectrum to these licensees. its ability to continue as going concern is dependent on 'LUHFWRUVKDYHEHHQSUHSDUHGLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWV LWVDELOLW\WRIXQGLWVRSHUDWLQJUHTXLUHPHQWV97/LVFRQ¿GHQW of Accounting Standard 21 on “Consolidated Financial Statements”.

ANNUAL REPORT 2013 E.

 .QUHVSHFWRI3RLQW1RRI$XGLWRUV¶5HSRUWRQ&RQVROLGDWHG CORPORATE GOVERNANCE Financial Statement regarding the recognisation of Deferred 7D[ $VVHWV E\ WKH 6XEVLGLDU\ 97/ WKH H[SODQDWLRQ RI $V UHTXLUHG XQGHU &ODXVH  RI WKH /LVWLQJ $JUHHPHQW ZLWK WKH management is as under: 6WRFN([FKDQJHV&RUSRUDWH*RYHUQDQFH5HSRUWIRUPVSDUWRIWKLV 5HSRUW<RXU&RPSDQ\LVLQIXOOFRPSOLDQFHZLWKWKHUHTXLUHPHQWV  7KH6XEVLGLDU\97/KDVHYDOXDWHGLWVIXWXUHWD[DEOHLQFRPH DQG GLVFORVXUHV WKDW KDYH WR EH PDGH LQ WKLV UHJDUG$ FHUWL¿FDWH DIWHU LW KDV EHHQ DZDUGHG WKH 8QL¿HG /LFHQVHV $FFHVV IURPWKH6WDWXWRU\$XGLWRUVRIWKH&RPSDQ\FRQ¿UPLQJFRPSOLDQFH VHUYLFHV.

estimated DIRECTORS’ RESPONSIBILITY STATEMENT increase in subscribers base and considering additional . based on the future business plan. LQ VL[ FLUFOHV ZLWK HIIHFW IURP WK )HEUXDU\  of the Corporate Governance is appended to the Report on which are valid for a period of 20 years and also been allotted 0K] VSHFWUXP LQ  0K] FDWHJRU\ LQ HDFK RI WKHVH VL[ &RUSRUDWH*RYHUQDQFH FLUFOHV 7KH PDQDJHPHQW LV RI WKH RSLQLRQ WKDW WKHUH LV D virtual certainty.Q WHUPV RI 6HFWLRQ  $$.

WRWKH&RPSDQLHV$FW KDYHEHHQIROORZHGDQGWKHUHDUHQRPDWHULDOGHSDUWXUHV COST AUDITOR from the same. vide various Orders to b) the Directors have selected such accounting policies and FRQGXFWD&RVW$XGLWLQUHVSHFWRIWKHVSHFL¿HGSURGXFWVYL] applied them consistently and made judgments and estimates  5HIULJHUDWRU that are reasonable and prudent so as to give a true and fair  3HWUROHXP3URGXFWV±2LOV *DV YLHZ RI WKH VWDWH RI DIIDLUV RI WKH &RPSDQ\ DV DW WK -XQH 2013 and of the loss of the Company for the period ended on  (OHFWULFDO(QHUJ\DQG that date.  *ODVVDQG*ODVV3URGXFW F. The Central Government has directed. RI WKH &RPSDQLHV $FW  capital infusion into the Company which would restrict further with respect to Directors’ Responsibility Statement. it is hereby ERUURZLQJV DQG UHODWHG FRVWV WKDW VXI¿FLHQW IXWXUH WD[DEOH FRQ¿UPHGWKDW LQFRPH ZLOO EH DYDLODEOH DJDLQVW ZKLFK WKH GHIHUUHG WD[ DVVHWV FDQ EH UHDOL]HG$FFRUGLQJO\ WKH 6XEVLGLDU\ 97/ KDV a) in the preparation of the Annual Accounts for the period ended UHFRJQL]HGQHWGHIHUUHG WD[DVVHWVRI ` 0LOOLRQ RQ WK-XQHWKHDSSOLFDEOHDFFRXQWLQJVWDQGDUGVUHDGZLWK the unabsorbed depreciation and business losVHV UHTXLUHPHQWVVHWRXWXQGHU6FKHGXOH9.

and PDLQWDLQHGE\WKH&RPSDQ\IRUWKH¿QDQFLDO\HDUVXEMHFW WRWKHDSSURYDORI&HQWUDO*RYHUQPHQW d) the Directors have prepared the annual accounts of the &RPSDQ\RQDµJRLQJFRQFHUQ¶EDVLV In accordance with the provisions of The Companies (Cost Audit 5HSRUW. WKH 'LUHFWRUV KDYH WDNHQ SURSHU DQG VXI¿FLHQW FDUH IRU WKH The Board has accorded its approval for the re-appointment of PDLQWHQDQFH RI DGHTXDWH DFFRXQWLQJ UHFRUGV LQ DFFRUGDQFH 0U 6XGKLU & 6DQW &RVW $FFRXQWDQW LQ :KROH7LPH 3UDFWLFH ZLWK WKH SURYLVLRQV RI WKH &RPSDQLHV $FW  IRU Pune. having Membership Number 7836. as the Cost Auditor of safeguarding the assets of the Company and for preventing the Company. to conduct Audit of the Cost Accounting Records and detecting fraud and other irregularities.

Ministry of Corporate Affairs. Business Partners and ¿QDQFLDO\HDUHQGHGVW'HFHPEHURQWK-DQXDU\ *RYHUQPHQW$XWKRULWLHV IRU WKHLU FRQWLQXHG VXSSRUW7KH %RDUG RI GXHGDWHWK)HEUXDU\. 5XOHV  DQG *HQHUDO &LUFXODU 1R  LVVXHG ACKNOWLEDGEMENT by Government of India. Bankers. we hereby The Board of Directors would like to thank the Customers. Financial Institutions. Vendors. VXEPLW WKDW WKH &RPSDQ\ KDV ¿OHG WKH &RVW$XGLW 5HSRUW IRU WKH Investors.

dedication. DHOOT CHAIRMAN & MANAGING DIRECTOR Management Discussion and Analysis Report. forms part of Corporate *RYHUQDQFH5HSRUW MANAGEMENT DISCUSSION AND ANALYSIS REPORT VENUGOPAL N. highlighting the performance and prospects of the Company’s business. Directors also appreciate the contribution made by the employees $V UHJDUGV ¿OLQJ RI WKH CRVW$XGLW 5HSRUW IRU WKH ¿QDQFLDO SHULRG at all levels for their hard work. forms part Place : Mumbai RIWKH$QQXDO5HSRUW 'DWH WK1RYHPEHU 12 . co-operation and support HQGHG RQ WK -XQH  WKH GXH GDWH IRU ¿OLQJ WKH &RVW$XGLW IRUWKHJURZWKRIWKH&RPSDQ\ 5HSRUW LV WK 'HFHPEHU  DQG WKH &RPSDQ\ VKDOO ¿OH WKH The Board of Directors would also like to thank all stakeholders VDPHRQRUEHIRUHGXHGDWH IRU WKH FRQWLQXHG FRQ¿GHQFH DQG WUXVW SODFHG E\ WKHP ZLWK WKH AUDIT COMMITTEE &RPSDQ\ 3XUVXDQW WR WKH SURYLVLRQV RI 6HFWLRQ $ RI WKH &RPSDQLHV $FW  DQG SURYLVLRQV RI WKH /LVWLQJ$JUHHPHQW WKH &RPSDQ\ For and on Behalf of the Board of Directors of KDVFRQVWLWXWHGDQ$XGLW&RPPLWWHH7KHFRPSRVLWLRQVFRSHDQG powers of the Audit Committee together with details of meetings VIDEOCON INDUSTRIES LIMITED held during the period under review.

2013 Name of Employee Designation Remuneration 4XDOL¿FDWLRQ Age Experience Date of Name of the Last Position (in `) (Years) (Years) Joining Employer (Designation) in Last Organisation $EKLMLW.1975 AS AMENDED AND FORMING PART TO THE DIRECTORS’ REPORT FOR THE PERIOD ENDED 30TH JUNE. ANNEXURE TO DIRECTOR’S REPORT STATEMENT OF PARTICULARS OF EMPLOYEES PURSUANT TO PROVISIONS OF SECTION 217(2A) OF THE COMPANIES ACT. READ WITH THE COMPANIES (PARTICULARS OF EMPLOYEES) RULES.RWQLV Vice President  %( (OHFWURQLFV.1956.

 23  VDC. Technologies.WDO\ +HDG Anil Arora Associate Vice  %6F    /*(OHFWURQLFV.  3K'07HFK  30  2LO 1DWXUDO*DV Chief Geologist Technical (Petroleum &RUSRUDWLRQ/LPLWHG ([SORUDWLRQ.QGLD %*0+ President /LPLWHG $. Factory Operational 6SD$QDJQL.0RGDQL 6U9LFH  %&RP&$&6    Shree Digvijay )LQDQFH([HFXWLYH President &HPHQW&R/LPLWHG Arun Pal Vice President  0%$  18  Samsung India Deputy General Electronics Private Manager /LPLWHG Chandramani Singh Vice President  0$3*'%0  17  Arron Engineering &KLHI([HFXWLYH2I¿FHU 'U*&1DLN Vice President.

 06F7HFK $SSOLHG Geology) Senior Management Program (SMP) from IIM Girish Shah Associate Vice  %( (OHFWURQLFV.

63.  26  Samsung India General Manager - President 0%$ Electronics Private Manufacturing /LPLWHG +6%KDWLD Vice President  0%$    %KDUWL$LUWHO/LPLWHG &KLHI2SHUDWLQJ2I¿FHU -DLGHHS5DWKRUH Senior Vice 1.XPDU-DLQ Senior Vice  0FRP.QGLD/LPLWHG DGM (Geoscience) Geoscienses 166DWLVK Senior Vice  %(0%$  21  Panasonic India Director .22.ULVKQDLDK Vice President.&6  21  Bharat Business Senior Vice President President &KDQQHO/LPLWHG 6XQLO7DQGRQ Senior Vice 68.67.666 %6F0%$  23  Samsung India Senior Vice President - President (OHFWURQLFV/LPLWHG 6DOHV 0DUNHWLQJ -HUROG&KDJDV Vice President  %&RP0%$  16  '/)5HWDLO Senior Vice President Pereira 'HYHORSHUV/LPLWHG 1.28.803 PGDBM    Videocon Senior Vice President President Telecommunication /LPLWHG D.  0Sc (Physics) 61   &DLUQ.612 0%$  21  Samsung India General Manager President Electronics Private /LPLWHG 6KHNKDU-\RWL Vice President  %&RP0%$    0DFRWD[&RQVXOWDQW Vice President 3ULYDWH/LPLWHG 6XQLO.&:$.Sales President 3ULYDWH/LPLWHG Rahul Sethi Vice President  %&RP 61 38  *HGRU/LPLWHG Commercial Manager Shailesh Prabhu Associate Vice 68.

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accountability 63DGPDQDEKDQ $QLO*-RVKL 637DOZDU Agarwal 6&1-DWDU DQGHTXLW\LQDOOVSKHUHVRILWVEXVLQHVVDFWLYLWLHVRSHUDWLRQVDQG in all its dealing with the shareholders.%DQN/LPLWHG DQGRWKHUSDUWLHV The Company’s philosophy on Corporate Governance is based on: %RDUG3URFHGXUH The primary responsibility of the Board is to evaluate the strategic decisions of the Company.QGLDIRUFRQGXFWLQJWKH%RDUG0HHWLQJV Responsibility Transparency The Company Secretary of the Company circulates the agenda of the meeting along with all the supporting documents to all the Corporate directors entitled to receive the same. the government 1RPLQHH'LUHFWRU. employees. management policies and Accountability WKHLU HIIHFWLYHQHVV7KH &RPSDQ\ KDV ZHOO GH¿QHG JXLGHOLQHV and procedures for meetings of the Board of Directors and &RPPLWWHHV WKHUHRI 7KH &RPSDQ\ DGKHUHV WR 6HFUHWDULDO 6WDQGDUGDVVSHFL¿HGE\7KH. it is something 1'KRRW \RXU&RPSDQ\IXQGDPHQWDOO\EHOLHYHVLQ Your Company’s philosophy on Corporate Governance sets the Radhey Shyam 0DM*HQ %5DYLQGUDQDWK goal of achieving the highest level of transparency.'%.QVWLWXWHRI&RPSDQ\6HFUHWDULHV RI. to facilitate meaningful Governance DQGTXDOLW\GLVFXVVLRQVDWWKHWLPHRIWKHPHHWLQJ The basic information furnished to Board Members and the Procedure is set out as hereunder: Compliance Fairness with the laws a) Minutes of the proceedings of each Board/Committee/ of all *HQHUDO %RG\ 0HHWLQJV DUH UHFRUGHG 'UDIW PLQXWHV Countries are circulated amongst all members for their feedback/ FRPPHQWV7KHPLQXWHVRIDOOWKHPHHWLQJVDUHHQWHUHGLQ $V UHTXLUHG XQGHU &ODXVH  RI WKH /LVWLQJ $JUHHPHQW ZLWK WKH WKHPLQXWHVERRN 6WRFN ([FKDQJHV WKH &RUSRUDWH *RYHUQDQFH 5HSRUW IRUPV SDUW E. COMPANY’S PHILOSOPHY ON CODE OF GOVERNANCE Board of Effective Corporate Governance is the key element ensuring Directors LQYHVWRU¶VSURWHFWLRQSURYLGLQJ¿QHVWZRUNHQYLURQPHQWOHDGLQJWR KLJKHVWVWDQGDUGVRIPDQDJHPHQWDQGPD[LPL]DWLRQRIHYHUODVWLQJ ORQJ WHUP YDOXHV <RXU &RPSDQ\ EHOLHYHV LQ WKH SKLORVRSK\ RQ ([HFXWLYH 1RQ([HFXWLYH practicing Code of Corporate Governance that provides a structure Promoter Independent by which the rights and responsibility of different constituents such DVWKHERDUGHPSOR\HHVDQGVKDUHKROGHUVDUHFDUYHGRXW Venugopal Corporate Governance is not merely compliance.

if any and The Board of Directors of the Company comprises of status updates.QGLD /WG QRQH RI WKH RWKHU 6XEVLGLDU\RU&ROODERUDWLRQHWF Directors hold chairmanship on the Board of any other Public ‡ . 7KH%RDUG&RPPLWWHH0HPEHUVKDYHXQTXDOL¿HGDFFHVVWR RIWKH$QQXDO5HSRUW<RXU&RPSDQ\LVLQIXOOFRPSOLDQFHZLWKWKH DOOLQIRUPDWLRQDYDLODEOHZLWKWKH&RPSDQ\7KHLQIRUPDWLRQ UHTXLUHPHQWV DQG GLVFORVXUHV DV VWDWHG WKHUHLQ$ FHUWL¿FDWH IURP generally provided to the Members inter-alia includes: WKH 6WDWXWRU\ $XGLWRUV RI WKH &RPSDQ\ FRQ¿UPLQJ FRPSOLDQFH RI the Corporate Governance is appended to the Report on Corporate ‡ $QQXDORSHUDWLQJSODQVEXGJHWVDQGDQ\XSGDWHV *RYHUQDQFH ‡ &DSLWDOEXGJHWVDQGDQ\XSGDWHV <RXU&RPSDQ\LVLQFRPSOLDQFHZLWKDOOWKHUHTXLUHPHQWVRIWKH&RGH ‡ 4XDUWHUO\$QQXDO UHVXOWV RI WKH &RPSDQ\ DQG LWV RI*RYHUQDQFHHQVKULQHGLQ&ODXVHRIWKH/LVWLQJ$JUHHPHQW operating divisions or business segments.  . &RPSRVLWLRQRI%RDUGDVRQWK-XQH prosecution notices and penalty notices. which are not in the normal course of business. ([HFXWLYHDQG1RQ([HFXWLYH'LUHFWRUV7KH&KDLUPDQLVDQ ‡ 6DOHRIPDWHULDOQDWXUHRILQYHVWPHQWVVXEVLGLDULHVDQG ([HFXWLYH 'LUHFWRU . BOARD OF DIRECTORS ‡ 0LQXWHV RI WKH PHHWLQJV RI$XGLW &RPPLWWHH DQG RWKHU Committees of the Board.QWHUHVW SURIHVVLRQDOH[SHULHQFHDQGH[SHUWLVHLQEXVLQHVV LQGXVWU\ ‡ 0DWHULDO LPSRUWDQW OLWLJDWLRQV VKRZ FDXVH GHPDQG 1.QYHVWPHQW'LYHVWPHQWRI-RLQW9HQWXUHV6XEVLGLDULHV &RPSDQLHV ‡ $FTXLVLWLRQV$PDOJDPDWLRQ5HRUJDQLVDWLRQRIEXVLQHVV $V RQ WK -XQH  WKH FRPSRVLWLRQ RI WKH %RDUG RI segments etc.QGHSHQGHQW 'LUHFWRUV DV RQ WK -XQH  ([FHSW IRU 0U % 5DYLQGUDQDWK ZKR LV D NRQ([HFXWLYH &KDLUSHUVRQ LQ ‡ (VWDEOLVKPHQW RSHUDWLRQV DQG VHWXS RI-RLQW 9HQWXUH 6WRFN +ROGLQJ &RUSRUDWLRQ RI . 'LUHFWRUVRIWKH&RPSDQ\PHHWVWKHVWLSXODWHGUHTXLUHPHQWV ‡ &RPSOLDQFH5HSRUWV RI&ODXVHRIWKH/LVWLQJ$JUHHPHQWRIWKH6WRFN([FKDQJHV in following manner: 14 . The Board consists of eminent persons with considerable ‡ 1RWLFHRI'LVFORVXUHRI.Q DOO WKHUH ZHUH  'LUHFWRUV LQFOXGLQJ assets.

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ANNUAL REPORT 2013  %ULHI SUR¿OH RI 'LUHFWRUV VHHNLQJ DSSRLQWPHQWUH The Statutory Auditors. CosW$XGLWRUVDQGWKH+HDGRI.QWHUQDO DSSRLQWPHQW $XGLWDWWHQGHGDQGSDUWLFLSDWHGLQWKHPHHWLQJVRQLQYLWDWLRQ The Company Secretary is the de-facto Secretary of the 7KH EULHI SUR¿OH RI GLUHFWRUV VHHNLQJ DSSRLQWPHQW &RPPLWWHH re-appointment is appended to the Notice convening the 7ZHQW\)RXUWK$QQXDO*HQHUDO0HHWLQJ 7HUPVRIUHIHUHQFHDQG6FRSHRIWKH&RPPLWWHH The following are the terms of reference and scope of the Audit COMMITTEES OF THE BOARD OF DIRECTORS Committee: The Board of Directors of the Company have set up Committees D.

re- Committee Mandatory DSSRLQWPHQWDQGLIUHTXLUHGWKHUHSODFHPHQWRUUHPRYDO Committees Shareholders’/ RI WKH VWDWXWRU\ DXGLWRUV DQG ¿[DWLRQ RI WKH DXGLW IHH Investors’ Grievance and also approval for payment for any other services Committee UHQGHUHGE\WKH$XGLWRUV Committees of Remuneration the Board of Committee F. and give the suitable SURFHVVDQGWKHGLVFORVXUHRILWV¿QDQFLDOLQIRUPDWLRQDQG UHFRPPHQGDWLRQVWRWKH%RDUGRQWKHVLJQL¿FDQWPDWWHUVIURPWLPH WRHQVXUHWKDWWKH¿QDQFLDOVWDWHPHQWLVFRUUHFWVXI¿FLHQW WRWLPH DQGFUHGLEOH Audit b) Recommending to the Board the appointment. 2YHUDOODVVHVVPHQWRIWKH&RPSDQ\¶V¿QDQFLDOUHSRUWLQJ to carry out various functions. as entrusted.

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the statement of UHFRQVWLWXWHG GXH WR VDG GHPLVH RI 0U 6 3 7DOZDU RQ WK utilization/application of funds raised through an issue $XJXVW0U$QLO*-RVKLZDVFRRSWHGDVWKHPHPEHU (public issue. the performance of  VWDWXWRU\ DXGLWRUV DQG LQWHUQDO DXGLWRUV DGHTXDF\ RI DQG DGMRXUQHGPHHWLQJRI. preferential issue. with the management. the Audit Committee was e) Reviewing. with the management. 5HYLHZLQJ ZLWK WKH PDQDJHPHQW WKH TXDUWHUO\ ¿QDQFLDO UHVXOWVEHIRUHVXEPLVVLRQWRWKH%RDUGIRUDSSURYDO After the Balancesheet date. rights issue. etc). the RI WKH$XGLW &RPPLWWHH LQ SODFH RI 0U 6 3 7DOZDU DQG 0U statement of funds utilized for purposes other than those Radhey Shyam Agarwal was elected as the Chairman of the stated in the offer document/prospectus/notice and the $XGLW&RPPLWWHH report submitted by the monitoring agency monitoring the utilization of proceeds of a public or rights issue and  0HHWLQJVDQG$WWHQGDQFH making appropriate recommendations to the Board to 'XULQJ WKH ¿QDQFLDO SHULRG XQGHU UHYLHZ VHYHQ PHHWLQJV RI WDNHXSVWHSVLQWKLVPDWWHU WKH&RPPLWWHHZHUHKHOGRQWKHIROORZLQJGDWHV f) Reviewing.

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enhanced value for shareholders and 0U9HQXJRSDO1'KRRW 36 LPSURYHPHQWLQWKHEXVLQHVVSURVSHFWVRIWKH&RPSDQ\7KH 0U3UDGLSNXPDU1'KRRW  said Committee have the powers to engage and appoint legal. 0HHWLQJDQG$WWHQGDQFH  7HUPVRIUHIHUHQFH  'XULQJWKH¿QDQFLDOSHULRGXQGHUUHYLHZWKH&RPPLWWHHPHW The said Committee was formed to re-organize and WKLUW\VHYHQWLPHV segregate various business segments of the Company with a view to ensure greater focus to the operation of each of its Name Meetings Attended diverse businesses.*+76. activities and transaction whether routine or non. which shall aid in speedy implementation of various limited reviewedWRWKH6WRFN([FKDQJHVDVVRRQDVWKHVDPHDUH projects. DV ZHOO DV DXGLWHG ¿QDQFLDO UHVXOWV VKDUHKROGLQJ SDWWHUQ RI WKH ([HFXWLYH Company and Corporate Governance Report are electronically 0U63DGPDQDEKDQ Member Independent VXEPLWWHGXQOHVVWKHUHDUHWHFKQLFDOGLI¿FXOWLHVDQGDUHGLVSOD\HG WKURXJK &RUSRUDWH )LOLQJ DQG 'LVVHPLQDWLRQ 6\VWHP YL] ZZZ 0DM*HQ6&1-DWDU Member Independent FRUS¿OLQJFRLQ and on ZZZOLVWLQJEVHLQGLDFRP 6LPLODUO\ WKH 0U5DGKH\6K\DP$JDUZDO Member Independent XQDXGLWHG ¿QDQFLDO UHVXOWV DV ZHOO DV DXGLWHG ¿QDQFLDO UHVXOWV shareholding pattern of the Company and Corporate Governance  0HHWLQJDQG$WWHQGDQFH Report are displayed on NEAPS (NSE Electronic Application  'XULQJ WKH ¿QDQFLDO SHULRG XQGHU UHYLHZ WKUHH PHHWLQJV 3URFHVVLQJ6\VWHP.QWHUPVRIWKHUHTXLUHPHQWVRI&ODXVHRIWKH/LVWLQJ$JUHHPHQW Name Designation Category ZLWKWKH6WRFN([FKDQJHVLQ. WD[¿QDQFLDODQGRWKHUFRQVXOWDQWVWRDGYLVHDQGDVVLVWLWLQ 0U63DGPDQDEKDQ  the above said matter and do all such acts.668(&200. deeds and things.77(( QHZVSDSHUV UHVSHFWLYHO\ 7KHVH UHVXOWV DUH QRW GLVWULEXWHGVHQW LQGLYLGXDOO\WRWKHVKDUHKROGHUV  &RPSRVLWLRQDVRQWK-XQH .QGLDWKHXQDXGLWHG¿QDQFLDOUHVXOWV 0U9HQXJRSDO1'KRRW Chairman Promoter. 0U5DGKH\6K\DP$JDUZDO  DVPD\EHUHTXLUHG  7HUPVRIUHIHUHQFHDQG6FRSHRIWKH&RPPLWWHH MEANS OF COMMUNICATION The Committee is entrusted with various powers from time 7KH &RPSDQ\ UHJXODUO\ LQWLPDWHV LWV ¿QDQFLDO UHVXOWV DXGLWHG to time. WDNHQRQUHFRUGDSSURYHG7KHVH¿QDQFLDOUHVXOWVDUHSXEOLVKHGLQ URXWLQHLQQDWXUH WKH)LQDQFLDO([SUHVVDQG/RNVDWWD(QJOLVKDQG0DUDWKLODQJXDJH  5.

77(( Passed  &RPSRVLWLRQDVRQWK-XQH 21st 30th .06WRQH  1. $XUDQJDEDG±3DLWKDQ5RDG Noon Name Designation Category 2010 Village: Chittegaon.06WRQH  1 (One) 0U637DOZDU Member Independent -XQH $XUDQJDEDG±3DLWKDQ5RDG Noon After the Balancesheet date. District: ([HFXWLYH $XUDQJDEDG± 0U63DGPDQDEKDQ Member Independent 22nd WK . Taluka: Paithan.ZHEVLWHLHZZZFRQQHFWQVHFRP ZHUH KHOG RQ WKH IROORZLQJ GDWHV   DQG  $OOLPSRUWDQWLQIRUPDWLRQDQGRI¿FLDOSUHVVUHOHDVHVDUHGLVSOD\HG RQ WKH ZHEVLWH IRU WKH EHQH¿W RI WKH SXEOLF DW ODUJH $QDO\VWV¶ Name Meetings Attended Reports/ Research Report. 0U9HQXJRSDO1'KRRW Chairman Promoter. if any. District: $XJXVW  0U 5DGKH\ 6K\DP$JDUZDO ZDV FRRSWHG DV $XUDQJDEDG± WKHPHPEHURIWKH5H2UJDQL]DWLRQ&RPPLWWHHLQSODFHRI0U 23rd WK .21&200. District:  2QHPHHWLQJZDVKHOGRQGXULQJWKHSHULRGXQGHU $XUDQJDEDG± UHYLHZ$OOWKHPHPEHUVDWWHQGHGWKHPHHWLQJ 19 ./ March.=$7. Taluka: ZDVUHFRQVWLWXWHGGXHWRVDGGHPLVHRI0U637DOZDURQWK Paithan./ 637DOZDU -XQH $XUDQJDEDG±3DLWKDQ5RDG Noon Meeting and attendance. from time to time to aid in speedy implementation of all the formalities in relation to Rights Issue AGM Date Location Time Special PDGHE\WKH&RPSDQ\LQ$SULO Resolution  5(25*$1.06WRQH  1. 2012 Village: Chittegaon. are also uploaded on the website 0U9HQXJRSDO1'KRRW 3 RIWKH&RPSDQ\7KH&RPSDQ\¶VZHEVLWHFDQEHDFFHVVHGDWZZZ YLGHRFRQZRUOGFRP 0U63DGPDQDEKDQ 3 Management Discussion and Analysis Report forms part of the 0DM*HQ6&1-DWDU 0 $QQXDO5HSRUW 0U5DGKH\6K\DP$JDUZDO 3 GENERAL BODY MEETING  7HUPVRIUHIHUHQFHDQG6FRSHRIWKH&RPPLWWHH The details of the last three Annual General Meetings (AGMs) of the The Rights Issue Committee is entrusted with various Company are as under: powers and authorities. Taluka: Paithan. the Re-organisation Committee 2011 Village: Chittegaon.

under which the Resolution resolution passed  $XWKRULVHGWKH%RDUGRI'LUHFWRUVWRPDNHLQYHVWPHQWVH[WHQGJXDUDQWHHSURYLGH Section 372A Special VHFXULW\PDNHLQWHUFRUSRUDWHORDQVXSWRDQDPRXQWQRWH[FHHGLQJ`&URUHV  Authorised the Board of Directors of the Company to borrow money/moneys upto an 6HFWLRQ . Act. 1956.ANNUAL REPORT 2013 POSTAL BALLOT 'XULQJWKH¿QDQFLDOSHULRGXQGHUUHYLHZIRXUUHVROXWLRQVZHUHSDVVHGWKURXJK3RVWDO%DOORWSDUWLFXODUVRIZKLFKDUHVHWRXWKHUHXQGHU Resolution Particulars of the Resolution Passed Section of the Companies Nature of No.

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mortgage. or otherwise dispose off 6HFWLRQ . Ordinary DPRXQWQRWH[FHHGLQJ`&URUHV  Authorised the Board of Directors to sell. lease.

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FINANCIAL CALENDER FOR THE YEAR ENDED 30TH The date of Book Closure for the purpose of Annual General -81( Meeting and determining the shareholders’ entitlement for dividend shall be from Monday. 2013 to  7KH¿QDQFLDOFDOHQGDU WHQWDWLYH. 16th December. 2013 to 30th June. DQG WR GH¿QH SURFHVVHV IRU UHFHLYLQJ DQG LQYHVWLJDWLQJFRPSODLQWV1RSHUVRQQHOKDYHEHHQGHQLHGDFFHVVWRWKH$XGLW&RPPLWWHH GENERAL SHAREHOLDER INFORMATION Financial Year 1st July.&/2685( 2. 2014  $118$/*(1(5$/0((7. DATE OF BO2.1* Third Quarterly 2QRUEHIRUHWK0D\ Results The Twenty-Fourth Annual General Meeting of the Company will be held as per the following schedule: Fourth Quarterly 2QRUEHIRUHWK$XJXVW Results Day Saturday Date 28th December. 2013 Annual General 2QRUEHIRUHVW'HFHPEHU Time DP Meeting for year Venue $W WKH 5HJLVWHUHG 2I¿FH  . 0 6WRQH HQGLQJWK-XQH $XUDQJDEDG ± 3DLWKDQ 5RDG 9LOODJH &KLWWHJDRQ  7DOXND 3DLWKDQ 'LVW $XUDQJDEDG ±   (Maharashtra) 3.

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REGIST5$5$1'6+$5(75$16)(5$*(17 The Correspondence address for shareholders in respect of WKHLUTXHULHVLV  0&6/LPLWHG 0&6/LPLWHG  .DVKLUDP-DPQDGDV%XLOGLQJ .ANNUAL REPORT 2013 11.DVKLUDP-DPQDGDV%XLOGLQJ  2I¿FH1R*URXQG)ORRU 2I¿FH1R*URXQG)ORRU  3'¶PHOOR5RDG *KDGL\DO*RGL.

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0XPEDL  7HO)D[ 7HO E-mail: PFVSDQYHO#\DKRRFRLQ )D[  6+$5(75$16)(56<67(0  %$1./6 Shares received for transfer by the Company or its Registrar  6KDUHKROGHUV KROGLQJ VKDUHV LQ SK\VLFDO IRUP DUH UHTXHVWHG and Share Transfer Agent in physical mode are processed and to notify / send the following information to the Registrar and DOOYDOLGWUDQVIHUVDUHDSSURYHG7KHVKDUHFHUWL¿FDWH V.'(7$.

Branch Name. Bank Name. and should include the following locations: particulars namely. GD\VIURPWKHGDWHRIUHFHLSW and  3/$17/2&$7.LVDUH Share Transfer Agent of the Company: GXO\ WUDQVIHUUHG DQG GLVSDWFKHG ZLWKLQ D SHULRG RI  WR  x Any change in their address/mandate/bank details etc.216 x Particulars of the bank account in which they wish their dividend to be credited (in case the same has not been The Company has manufacturing facilities at the following furnished earlier).&5&RGH GLJLWV. Account 7\SH$FFRXQW1XPEHUDQG0.

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VIDEOCON INDUSTRIES LIMITED :HWKH&KDLUPDQDQG0DQDJLQJ'LUHFWRUDSSRLQWHGLQWHUPVRIWKH&RPSDQLHV$FWDQG&KLHI)LQDQFLDO2I¿FHURIWKH&RPSDQ\ certify to the Board that: D. The Board of Directors. CMD/CFO CERTIFICATION To.

and LL WKHVH VWDWHPHQWV WRJHWKHU SUHVHQW D WUXH DQG IDLU YLHZ RI WKH &RPSDQ\¶V DIIDLUV DQG DUH LQ FRPSOLDQFH ZLWK H[LVWLQJ DFFRXQWLQJVWDQGDUGVDSSOLFDEOHODZVDQGUHJXODWLRQV b) To the best of our knowledge and belief. no transactions entered into by the Company during the period are fraudulent. illegal or YLRODWLYHRIWKH&RPSDQ\¶V&RGHRI&RQGXFW F. :HKDYHUHYLHZHGWKH)LQDQFLDO6WDWHPHQWDQGWKH&DVK)ORZ6WDWHPHQWIRUWKHSHULRGHQGHGRQWK-XQHDQGWRWKH best of our knowledge and belief: L WKHVHVWDWHPHQWVGRQRWFRQWDLQDQ\PDWHULDOO\XQWUXHVWDWHPHQWRURPLWDQ\PDWHULDOIDFWRUFRQWDLQVWDWHPHQWVWKDWPLJKW be misleading.

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we certify that the Company has complied with the conditions of Corporate Governance as stipulated LQ&ODXVHRI/LVWLQJ$JUHHPHQW :HIXUWKHUVWDWHWKDWVXFKFRPSOLDQFHLVQHLWKHUDQDVVXUDQFHWRWKHIXWXUHYLDELOLW\RIWKH&RPSDQ\QRURIWKHHI¿FLHQF\RUHIIHFWLYHQHVV ZLWKZKLFKWKH0DQDJHPHQWKDVFRQGXFWHGWKHDIIDLUVRIWKH&RPSDQ\ For KHANDELWAL JAIN & CO. :HKDYHLQGLFDWHGZKHUHYHUDSSOLFDEOHWRWKH$XGLWRUVDQGWKH$XGLW&RPPLWWHH L 6LJQL¿FDQWFKDQJHVLQ. The Members of VIDEOCON INDUSTRIES LIMITED :HKDYHH[DPLQHGWKHFRPSOLDQFHRIFRQGLWLRQVRI&RUSRUDWH*RYHUQDQFHE\9LGHRFRQ.QVWDQFHVRIVLJQL¿FDQWIUDXGRIZKLFKZHKDYHEHFRPHDZDUH For VIDEOCON INDUSTRIES LIMITED CHIEF FINANCIAL OFFICER CHAIRMAN & MANAGING DIRECTOR Place : Mumbai 'DWH WK1RYHPEHU COMPLIANCE CERTIFICATE ON CORPORATE GOVERNANCE To.QWHUQDO&RQWURORYHU¿QDQFLDOUHSRUWLQJGXULQJWKHSHULRG LL 6LJQL¿FDQWFKDQJHVLQ$FFRXQWLQJ3ROLFLHVWKHVDPHKDYHEHHQGLVFORVHGLQWKHQRWHVWRWKH¿QDQFLDOVWDWHPHQWDQG LLL . For KADAM & CO.QGXVWULHV/LPLWHGIRUWKHSHULRGHQGHGRQ WK-XQHDVVWLSXODWHGLQ&ODXVHRIWKH/LVWLQJ$JUHHPHQWRIWKHVDLG&RPSDQ\ZLWKWKH6WRFN([FKDQJHV &RPSOLDQFHRIFRQGLWLRQVRI&RUSRUDWH*RYHUQDQFHLVDUHVSRQVLELOLW\RIWKH0DQDJHPHQW2XUH[DPLQDWLRQZDVOLPLWHGWRWKHUHYLHZ of the procedures and implementations thereof adopted by the Company for ensuring the compliance of conditions of Corporate Governance as stipulated in the said CODXVH.QRXURSLQLRQDQGWRWKHEHVWRIRXULQIRUPDWLRQDQGDFFRUGLQJWRWKHH[SODQDWLRQVJLYHQWRXVDQGWKHUHSUHVHQWDWLRQVPDGHE\WKH Directors and the Management. Chartered Accountants Chartered Accountants )LUP5HJLVWUDWLRQ1R:.WLVQHLWKHUDQDXGLWQRUDQH[SUHVVLRQRIRSLQLRQRQWKH¿QDQFLDOVWDWHPHQWVRIWKH &RPSDQ\ .

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telecom sector and WDUJHWDXGLHQFH LQVXUDQFHVHFWRU 5HIULJHUDWRUV The growth of Consumer Electronics Industry is supported by an increase in the disposable incomes. oil and gas business. technology is evolving at a staggering and preferences and innovative measures on the part of the SDFH 5HIULJHUDWRU IRU ORQJ KDV UHPDLQHG D KLJK SULRULW\ SURGXFW PDQXIDFWXUHUV7KH&RPSDQ\KDVYHQWXUHGLQWRORFDOL]DWLRQRIWKH at the time of purchase for the home maker and when in use.QWHUQHW79VHWF form and substance of transactions. 7KH HVWLPDWHV DQG MXGJPHQWV UHODWLQJ WR WKH ¿QDQFLDO Televisions continue to be the mainstay of the Consumer Electronics statements have been made on a prudent and reasonable basis. 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In addition to new WHFKQRORJLHV IRU H[SORUDWLRQ DQG SURGXFWLRQ WKH VHFWRU LV . policies. there is always risk to Department The FRSHXSZLWKWKHYRODWLOHWHFKQRORJLFDODGYDQFHPHQW Department The reviews submits x Cross.QGLDQ5XSHHKDVLPSDFWHGWKHFRVWRILPSRUWV The internal structure of the Company is a pyramid like structure x 3ULFLQJ ULVNV.At present.The pricing across our business is under risk ZKHUH WKHUH LV GH¿QHG PDQDJHPHQW KLHUDUFK\ DQG UHSRUWLQJ GXHWRFRPSHWLWLRQ:HKDYHEHHQSURYLGLQJDQGRIIHULQJYDOXH V\VWHP7KHZHOOGH¿QHGDQGVWDQGDUGUHSRUWLQJVWUXFWXUHHQDEOHV DGGHG VHUYLFHV DQG EHQH¿WV WR WKH FXVWRPHUV WR UHWDLQ WKHP WKH PDQDJHPHQW WR UHDFK WR DOO WKH FODVVHV RI HPSOR\HHV 7KH :H DUH DOVR LQYHVWLQJ WRZDUGV EUDQG EXLOGLQJ DQG DZDUHQHVV composition and competencies of the audit team and effectiveness SURJUDPPHDFURVVRXUEXVLQHVVHVWRHQVXUHDGHTXDWHSURGXFW RILQWHUQDOFRQWUROVLVFRQWLQXRXVO\UHYLHZHGE\WKH$XGLW&RPPLWWHH GLIIHUHQWLDWLRQ The Company strives to maintain a dynamic system of internal x Technological changes. such as Sales DOWHUQDWLYHSRZHUJHQHUDWLRQDQGWKHHOHFWUL¿FDWLRQRIHQHUJ\ GHOLYHU\ During the period under review. the Company achieved gross sales ‡ 3ULFHYRODWLOLW\The pricing of oil and gas is subject to variation of `0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDU HQGHGRQVW'HFHPEHU and depends on a number of factors which are beyond our FRQWURO Other Income The Company has in place a Risk Management Policy.border competition. DISCUSSION ON FINANCIAL PERFORMANCE ‡ &RVWFRQWDLQPHQW. and IXUWKHU x Information technology system which include controls for x &XUUHQF\ ÀXFWXDWLRQ UHODWHG ULVN.QFRPH impacted by broader technological advancements. but.Customers increasingly want more Internal Prepare reports are and the Report Auditors to Audit shared evaluates from their appliances and manufacturers are working incredibly to the conduct Report and with the Audit hard to differentiate themselves in a competitive market in terms audit Audit Plan Statutory adequacy Committee of offering products that are easy to use and have innovative Auditors of internal and the controls IHDWXUHVZKLOHPD[LPL]LQJWKHLUYDOXH Board Risks: .Oil and Gas Industry: 7KHVFRSHRILQWHUQDODXGLWH[WHQGVWRDOOIXQFWLRQVDQGORFDWLRQVRI :KLOHULVNFRQWLQXHVWRGRPLQDWHWKHHQHUJ\ODQGVFDSHFRPSHWLWLRQ WKH&RPSDQ\7KH&RPSDQ\KDVDOVRFRPSOLHGZLWKWKHCODXVH LV DOVR EHFRPLQJ D GRPLQDWH IHDWXUH )ROORZLQJ DUH VRPH RI WKH of the /isting AJUHHPHQW risks associated with Oil and Gas Industry.The weakening of the IDFLOLWDWLQJWKHDERYH . H[SHFWV WKDW WHFKQRORJLFDO DGYDQFHV DQG DJJUHVVLYH SULFLQJ VWUDWHJLHVE\FRPSHWLWRUVZLOOLQWHQVLI\FRPSHWLWLRQ x Compliance with applicable statutes. RISK & CONCERNS INTERNAL CONTROL SYSTEMS AND ADEQUACY The market for consumer electronics products and household The Company has an internal control system commensurate with appliances are highly competitive and the Company has its size and nature of business which provides for:- H[SHULHQFHG SUHVVXUH RQ LWV SULFHV DQG PDUJLQV 7KH &RPSDQ\ x Accurate recording and custody of assets.QWHUQDO$XGLW'HSDUWPHQW7KHSURFHGXUH SURGXFWV $V QHZ IHDWXUHV DQG DSSOLFDWLRQV RI HOHFWURQLF followed is as under: SURGXFWV DUH IUHTXHQWO\ LQWURGXFHG DQG FDQ EH VLJQL¿FDQWO\ different from the ones they supersede. procedures. JURZLQJEXWLVIDFLQJWRXJKFRPSHWLWLRQIURPQHZSOD\HUV7KH &RPSDQ\ZLOOQHHGWRH[WHQGLWVGHPRJUDSKLFVDQGRIIHUYDOXH x (I¿FLHQWXVHDQGVDIHJXDUGLQJRIUHVRXUFHV proposition to the customers to develop and grow in business x Adherence to applicable accounting standards and policies. rising costs are being driven Comparative performance of the Company on Standalone Basis is ERWKE\F\FOLFDOIDFWRUVDQGWKHHQGRI³HDV\RLO´ set out hereunder: ‡ +HDOWKVDIHW\DQGHQYLURQPHQWDOULVNV+HDOWKVDIHW\DQG Fixed Assets environmental issues have risen on the oil and gas industry’s DJHQGD UHÀHFWLQJ ERWK LQFUHDVHG SXEOLF SUHVVXUH DQG PRUH 7KH JURVV EORFN RI WKH &RPSDQ\ DV RQ WK -XQH  ZDV ` FRPSOH[RSHUDWLRQDOFKDOOHQJHV 0LOOLRQ7KHQHWEORFNDVRQWKDWGDWHZDV`  ‡ 8QFHUWDLQHQHUJ\SROLF\Energy policy is in a continued state 0LOOLRQ 'XULQJ WKH SHULRG HQGHG WK -XQH  WKHUH ZHUH RIÀX[LQPXFKNH\JHRJUDSK\ DGGLWLRQV WR WKH JURVV EORFN RI ¿[HG DVVHWV WR WKH H[WHQW RI ` 0LOOLRQ ‡ &RPSHWLWLRQ IURP QHZ WHFKQRORJLHV. there 2WKHULQFRPHIRUWKHSHULRGHQGHGWK-XQHDPRXQWHGWR are always going to be unforeseen risks and natural calamities ` 0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDUHQGHG which will be beyond the capacity ofWKH&RPSDQ\ RQVW'HFHPEHU2WKHULQFRPHFRPSULVHVRILQFRPHIURP 29 .Consumer industry in India is promptly reported. OLVWLQJUHTXLUHPHQWVPDQDJHPHQWJXLGHOLQHVDQGFLUFXODUV Risks: Consumer Electronics & Home Appliances Business: x 7UDQVDFWLRQ EHLQJ DFFXUDWHO\ UHFRUGHG FURVV YHUL¿HG DQG x Global economic environment.A substantial portion of Company’s FRQWUROV DQG SURFHGXUHV 7KH V\VWHP FRPSULVHV DXGLW DQG business depends on the sales of consumer electronics FRPSOLDQFHE\LQKRXVH.

The Company 1HW /RVV IRU WKH SHULRG HQGHG WK -XQH  DPRXQWHG WR assumes no responsibility to publicly amend. managerial effectiveness.QFRPH 7D[ IRU HDUOLHU \HDUV )RU WKH SHULRG HQGHGWK-XQH7D[([SHQVHVCredit ` 0LOOLRQDV Statements in this report describe the Company’s objectives. estimates. 2011. the Other E[SHQVHV ZHUH VHUYLFHVNLOOVDQGRWKHUGLVFLSOLQHV ` Million as against `0LOOLRQIRUWKH\HDUHQGHG RQVW'HFHPEHU 7KH FRUH SULQFLSOHV HQVKULQHG LQ WKH +XPDQ 5HVRXUFHV 3ROLF\ RI the Company are: Finance Costs ‡ (TXDOLW\RIRSSRUWXQLW\ )RUWKHSHULRGHQGHGWK-XQH)LQDQFH&RVWVDPRXQWHGWR `0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDUHQGHG ‡ &RQWLQXLQJSHUVRQDOGHYHORSPHQW RQVW'HFHPEHU ‡ )DLUQHVV Depreciation and Amortisation ‡ 0XWXDOWUXVWDQG 'HSUHFLDWLRQ IRU WKH SHULRG HQGHG WK -XQH  DPRXQWHG WR ‡ 7HDPZRUN `0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDUHQGHG RQVW'HFHPEHU The Company conducts employee engagement surveys through H[SHUW DJHQFLHV WR LGHQWLI\ DUHDV WR LPSURYH XSRQ IRU EXLOGLQJ D 3UR¿W/RVV%HIRUH7D[ PRWLYDWHGDQGSURGXFWLYHZRUNIRUFH 7KH/RVVEHIRUHTD[VWRRGDW` Million for the period ended 7KHWRWDOVWDIIVWUHQJWKRIWKH&RPSDQ\DVDW¿QDQFLDOSHULRGHQGHG WK-XQHDVDJDLQVW3UR¿W%HIRUH7D[RI`0LOOLRQ WK-XQHLVDURXQG IRUWKH\HDUHQGHGRQVW'HFHPEHU . may be VW'HFHPEHU ‘forward looking statements’ within the meaning of applicable securities. on the basis of any \HDUHQGHGVW'HFHPEHU subsequent development. identifying and developing high During the period under review. information or events or otherwise. Cost of Goods Consumed stood potential managers through Management Development Programs at `0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDU HWF 7KH &RPSDQ\ HQFRXUDJHV LWV HPSOR\HHV WR SULRULWLHV HQGHGRQVW'HFHPEHU EHWZHHQ ZRUN DQG D VDWLVI\LQJ HQULFKLQJ OLIH %DVHG RQ WKH UHVXOWVRIDQ(PSOR\HH+DSSLQHVV6XUYH\WKH&RPSDQ\IRFXVHG Production and Exploration Expenses for Oil and Gas on improvements in the area of training and development of During the period under review. modify or `0LOOLRQDVDJDLQVWD1HWPUR¿WRI`0LOOLRQIRUWKH revise any forward looking statements. 30 . leadership development. programmes are being conducted for leadership development such Other Expenses as training sessions.QGXVWULDOUHODWLRQVUHPDLQHGFRUGLDOGXULQJWKHSHULRGXQGHUUHYLHZ Tax Expenses 7D[ ([SHQVHV LQFOXGHV Current TD[ 'HIHUUHG 7D[ DQG ([FHVV CAUTIONARY STATEMENT Short PURYLVLRQ RI . laws and regulations. leadership development and succession SODQQLQJDUHWKHPDMRUIRFXVDUHDVIRUWKH&RPSDQ\7KHLQGLYLGXDO 'XULQJ WKH SHULRG XQGHU UHYLHZ WKH (PSOR\HH %HQH¿WV ([SHQVH EXVLQHVV XQLWV KDYH EHHQ IRFXVLQJ RQ DFTXLULQJ DQG UHWDLQLQJ stood at ` 0LOOLRQDVDJDLQVW`0LOOLRQIRUWKH\HDU WKH WDOHQW ZLWK UHTXLVLWH FRPSHWHQFLHV 6SHFL¿F KLJK LPSDFW ended on 31st December. DJDLQVW7D[([SHQVHVRI` 0LOOLRQIRUWKH\HDUHQGHGRQ projections. Actual results could differ 1HW3UR¿W/RVV materially from those expressed or implied.ANNUAL REPORT 2013 LQYHVWPHQWV DQG VHFXULWLHV GLYLVLRQ SUR¿W RQ VDOH RI ¿[HG DVVHWV MATERIAL DEVELOPMENTS ON HUMAN RESOURCE LQVXUDQFHFODLPUHFHLYHGLQWHUHVWDQGRWKHUQRQRSHUDWLQJLQFRPH The Company continues its efforts of providing a high level of global Expenditure RULHQWDWLRQDQGZRUNLQJH[SHULHQFHWRDODUJHQXPEHURIPDQDJHUV Cost of Goods Consumed/Sold by deputing them in international assignments. educational seminars in the areas of strategic skills. the Production and E[SORUDWLRQ HPSOR\HHV 6LJQL¿FDQW HIIRUWV DQG PHDVXUHV KDYH EHHQ WDNHQ WR E[SHQVHV IRU Oil and Gas were `  Million as against integrate more women in the organization and to create an inclusive `0LOOLRQIRUWKH\HDUHQGHGRQVW'HFHPEHU HQYLURQPHQWIRUWKHP (PSOR\HH%HQH¿WV([SHQVH Talent management. sales and During the period under review. participation in workshops/seminars/forums. expectations and predictions.

The branch Auditors Reports have been forwarded to us and have been appropriately dealt with. proper books of account as required by law have been kept by the Company so far as appears from our examination of those books. 3. F. b) In our opinion. We have audited the attached Balance Sheet of VIDEOCON INDUSTRIES LIMITED (the Company). we report that: a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit. We conducted our audit in accordance with the Auditing Standards generally accepted in India. DVDWWK-XQH6WDWHPHQWRI3UR¿WDQG/RVV DQGDOVRWKH&DVK)ORZ6WDWHPHQWRIWKH&RPSDQ\IRUWKHPRQWKVSHULRGHQGHGRQWKDWGDWHDQQH[HGWKHUHWR7KHVH¿QDQFLDOVWDWHPHQWVDUHWKH UHVSRQVLELOLW\RIWKH&RPSDQ\¶VPDQDJHPHQW2XUUHVSRQVLELOLW\LVWRH[SUHVVDQRSLQLRQRQWKHVH¿QDQFLDOVWDWHPHQWVEDVHGRQRXUDXGLW 2. 2003. on the basis of such checks as considered appropriate and according to the information and explanations given to us during the course of the DXGLWZHJLYHLQWKH$QQH[XUHKHUHWRDVWDWHPHQWRQWKHPDWWHUVVSHFL¿HGLQSDUDJUDSKVDQGRIWKHVDLG2UGHU 4. Those standards require that we plan and perform the DXGLWWRREWDLQUHDVRQDEOHDVVXUDQFHDERXWZKHWKHUWKH¿QDQFLDOVWDWHPHQWVDUHIUHHRIPDWHULDOPLVVWDWHPHQW$QDXGLWLQFOXGHVH[DPLQLQJRQDWHVW EDVLVHYLGHQFHVXSSRUWLQJWKHDPRXQWVDQGGLVFORVXUHVLQ¿QDQFLDOVWDWHPHQWV$QDXGLWDOVRLQFOXGHVDVVHVVLQJWKHDFFRXQWLQJSULQFLSOHVXVHGDQG VLJQL¿FDQW HVWLPDWHV PDGH E\ PDQDJHPHQW DV ZHOO DV HYDOXDWLQJ WKH RYHUDOO ¿QDQFLDO VWDWHPHQW SUHVHQWDWLRQ :H EHOLHYH WKDW RXU DXGLW SURYLGHV D reasonable basis for our opinion. Proper returns adequate for the purpose of our audit have been received from branches not visited by us. issued by the Central Government of India in terms of Section 227(4A) of the Companies Act. 1956. Further to our comments in the Annexure referred to in paragraph 3 above. AUDITORS’ REPORT To. The Members of VIDEOCON INDUSTRIES LIMITED 1. As required by the Companies (Auditor’s Report) Order.

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2013 and taken on record by the Board of Directors. we report WKDWQRQHRIWKHGLUHFWRUVLVGLVTXDOL¿HGDVRQWK-XQHIURPEHLQJDSSRLQWHGDVDGLUHFWRULQWHUPVRI6HFWLRQ . e) On the basis of written representations received from the directors as on 30th June. of the Ministry of Corporate Affairs). 2013. 1956 (which continue to be applicable in respect of Section 133 of the Companies Act.QRXURSLQLRQWKH%DODQFH6KHHW6WDWHPHQWRI3UR¿WDQG/RVVDQGWKH&DVK)ORZ6WDWHPHQWGHDOWZLWKE\WKLVUHSRUWFRPSO\ZLWKWKH$FFRXQWLQJ Standards referred to in Section 211(3C) of the Companies Act. 2013. . in terms of General Circular 15/2013 dated 13th September.

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WRWKH¿QDQFLDOVWDWHPHQWVUHJDUGLQJLQFRUSRUDWLRQRIWKH&RPSDQ\¶VVKDUH in the operations of the joint ventures based on the statements received from the respective Operator. K. The Company has received the audited ¿QDQFLDOVWDWHPHQWVIRUWKHSHULRGXSWRVW0DUFKDQGXQDXGLWHG¿QDQFLDOVWDWHPHQWVIRUWKHSHULRGVW$SULOWRWK-XQHLQ respect of Ravva Oil & Gas Field Joint Venture on which we have placed reliance.

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of the state of affairs of the Company as at 30th June. 2013. DERYH WKH LPSDFW RI ZKLFK RQ WKH ¿QDQFLDO VWDWHPHQWV RI WKH &RPSDQ\ LI DQ\ LV XQDVFHUWDLQDEOH and read together with the 6LJQL¿FDQW$FFRXQWLQJ3ROLFLHVDQGQRWHVWKHUHRQJLYHWKHLQIRUPDWLRQUHTXLUHGE\WKH&RPSDQLHV$FWLQWKHPDQQHUVRUHTXLUHGDQGJLYH a true and fair view in conformity with the accounting principles generally accepted in India: (i) In the case of the Balance Sheet. LL.

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For KADAM & CO. 105049W) (Firm Registration No.QWKHFDVHRIWKH&DVK)ORZ6WDWHPHQWRIWKHFDVKÀRZVIRUWKHSHULRGHQGHGRQWKDWGDWH For KHANDELWAL JAIN & CO. .:31055 Place : Mumbai Date : 29th November. 2013 31 . S. 104524W) SHIVRATAN AGARWAL U.:104180 Membership No. &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV (Firm Registration No. KADAM 3DUWQHU 3DUWQHU Membership No.

ANNUAL REPORT 2013 ANNEXURE TO THE AUDITORS’ REPORT Statement referred to in paragraph 3 of the Auditors’ Report of even date to the Members of VIDEOCON INDUSTRIES LIMITED WKH&RPSDQ\.

(i) D.RQWKH¿QDQFLDO statements for the period ended 30th June. 2013.

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QRXURSLQLRQWKHIUHTXHQF\RIYHUL¿FDWLRQLVUHDVRQDEOHKDYLQJUHJDUGWRWKHVL]HRIWKH&RPSDQ\DQGWKHQDWXUHRILWVEXVLQHVV  F. $VSHUWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVSK\VLFDOYHUL¿FDWLRQRI¿[HGDVVHWVRWKHUWKDQWKRVHXQGHUMRLQWYHQWXUHKDVEHHQFDUULHGRXW DWUHDVRQDEOHLQWHUYDOVLQWHUPVRIWKHSKDVHGSURJUDPPHRIYHUL¿FDWLRQDGRSWHGE\WKH&RPSDQ\DQGQRPDWHULDOGLVFUHSDQFLHVZHUHQRWLFHGRQ VXFKYHUL¿FDWLRQ.

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(iii) (a) As per the information and explanations given to us. . to/from companies. the Company has not granted or taken any loans. As per the information and explanations given to us. ¿UPVRURWKHUSDUWLHVFRYHUHGLQWKHUHJLVWHUPDLQWDLQHGXQGHU6HFWLRQRIWKH&RPSDQLHV$FW  E. secured or unsecured. the discrepancies noticed on physical YHUL¿FDWLRQRIVWRFNVZHUHQRWPDWHULDOLQUHODWLRQWRWKHRSHUDWLRQVRIWKH&RPSDQ\DQGWKHVDPHKDYHEHHQSURSHUO\GHDOWZLWKLQWKHERRNVRI account.Q RXU RSLQLRQ DQG DFFRUGLQJ WR WKH LQIRUPDWLRQ DQG H[SODQDWLRQV JLYHQ WR XV SURFHGXUHV RI SK\VLFDO YHUL¿FDWLRQ RI LQYHQWRU\ IROORZHG E\ WKH PDQDJHPHQWDUHUHDVRQDEOHDQGDGHTXDWHLQUHODWLRQWRWKHVL]HRIWKH&RPSDQ\DQGWKHQDWXUHRILWVEXVLQHVV (c) The Company is maintaining proper records of inventory.

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we have not observed any continuing failure to correct the major weakness in the internal control systems. . (vi) The Company has not accepted any deposits from the public within the meaning of the provisions of Section 58A and 58AA or any other relevant provision of the Companies Act. (v) (a) Based on the audit procedures applied by us and according to the information and explanations provided by the management.QRXURSLQLRQDQGDFFRUGLQJWRWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQWRXVWKHUHDUHDGHTXDWHLQWHUQDOFRQWUROV\VWHPVFRPPHQVXUDWHZLWKWKHVL]HRI WKH&RPSDQ\DQGWKHQDWXUHRILWVEXVLQHVVZLWKUHJDUGWRSXUFKDVHVRILQYHQWRU\DQG¿[HGDVVHWVDQGIRUWKHVDOHVRIJRRGVDQGVHUYLFHV'XULQJWKH course of our audit. have been entered in the register required to be maintained under that Section. YLL. 1956. we are of the opinion that the particulars of contracts or arrangements referred to in Section 301 of the Companies Act. 1956 and rules framed there under. (b) In our opinion and according to the information and explanations given to us. the transactions made in pursuance of contracts or arrangements HQWHUHGLQWKHUHJLVWHUPDLQWDLQHGXQGHU6HFWLRQRIWKH&RPSDQLHV$FWDQGH[FHHGLQJWKHYDOXHRI5XSHHV)LYH/DNKVLQUHVSHFWRIDQ\ party during the period. have been made at prices which are reasonable having regard to prevailing market price at the relevant time.

Custom duty. (b) According to the records of the Company examined by us and information and explanations given to us. Wealth tax. Employees’ State Insurance.75 Asst. we are of the opinion that SULPDIDFLH. (ix) (a) According to the information and explanations given to us and the records examined by us. Cess and other statutory dues wherever applicable. Income tax.96 Commissioner (Appeals) 338. for a period of more than six months from the date they became payable.24 CESTAT 4. Excise duty.34 CESTAT 3.46 Commissioner 15. Finance Act.49 Joint Commissioner 18.11 Supreme Court 27. According to the information and explanations given to us.37 Commissioner (Appeals) 72.31 Supreme Court 15.81 High Court 449.18 Asst.68 CESTAT (Service Tax Provisions) 0.QRXURSLQLRQWKH&RPSDQ\KDVDQLQWHUQDODXGLWV\VWHPFRPPHQVXUDWHZLWKLWVVL]HDQGQDWXUHRILWVEXVLQHVV (viii) The Central Government has prescribed maintenance of the cost records under Section 209(1)(d) of the Companies Act.11 Superintendent 32 . Commissioner 3. 1994 Service Tax and Penalties 24.28 Deputy Commissioner 7. Excise duty. Commissioner 0. 1956. no undisputed arrears of statutory dues were outstanding as at 30th June.61 Tribunal 0. Service tax. are given below: Name of the Statute Nature of Dues ` in Million Forum where dispute is pending 1. in respect of the Company’s products. the particulars of dues of Sales tax. 1944 Excise Duty and Penalties 1. Commissioner 0. the Company is regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund. Commissioner 2. We have however not made a detailed examination of the records with a view to determine whether they are accurate or complete.94 Addl. 1962 Custom Duty and Penalties 315. Wealth tax.85 Deputy Commissioner 110.15 High Court 50.50 Addl. 2013. Investor Education and Protection Fund. Service tax. Income tax. Custom duty. As per the information and explanations provided to us.46 Asst.09 Commissioner 1.93 Commissioner 25. Sales tax. . Central Excise Act. the prescribed records have been made and maintained. Commissioner 4.52 Commissioner (Appeals) 14. Cess which have not been deposited on account of any disputes. Customs Act.

2013. Commissioner 1.784. Commissioner of Commercial Tax 0.98 Tribunal 10.012. Central Sales Tax Act. Name of Statute Nature of Dues ` in Million Forum where dispute is pending 4.82 Commissioner (Appeals) 6.68 Deputy Commissioner 389. 1961 Income Tax 155. E&T Commissioner 4. debentures and other securities.58 Joint Commissioner – Commercial Tax 0. Commissioner (Appeals) 9.19 Deputy Commissioner (Appeals) 0.30 Commissioner 100. Commissioner (Appeals) 11. [LLL. Income Tax Act. the Company has defaulted in repayment of loans DQGSD\PHQWRILQWHUHVWWREDQNVDQG¿QDQFLDOLQVWLWXWLRQVLVVXPPDUL]HGEHORZ Particulars ` in Million Delay in Days Principal Repayment 20.53 Deputy Commissioner of Commercial Tax 15. 1956 and Sales Tax 0.27 $VVW&RPPHUFLDO7D[DWLRQ2I¿FHU 0.36 Appellate Tribunal 2.85 High Court States 18. The Company has not incurred any cash losses during the period covered by our audit and the LPPHGLDWHO\SUHFHGLQJ¿QDQFLDO\HDU (xi) Based on our audit procedures and the information and explanations given to us. Navi Mumbai Municipal Corporation Cess 1.44 Sr.23 High Court 209.85 1 to 89 Days Interest 19.34 Asst.72 Joint Commissioner 17. the Company has not granted any loans and/or advances on the basis of security by way of pledge of shares.09 Addl.97 1 to 89 Days (xii) Based on our examination of the records and the information and explanations given to us.64 High Court (x) There are no accumulated losses as at 30th June.515.39 6DOHV7D[2I¿FHU&RPPHUFLDO7D[DWLRQ2I¿FHU 5. we observed that.68 Joint Commissioner – Sales Tax (Appeals) 18. Joint Commissioner 154.46 Supreme Court State Sales Tax Acts of various 0.50 Addl.24 Addl.731.13 Joint Commissioner (Appeals) 0.05 Asst.

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:31055 Place : Mumbai Date : 29th November. we report that the Company has not used funds raised on short term basis for long term investments. on an overall basis. (xvii) According to the information and explanations given to us and on our overall examination of the Balance Sheet of the Company. the Company has not raised any money by way of public issue.RISDUDJUDSKRIWKH2UGHULVQRW applicable to the Company. no fraud on or by the Company has been noticed or reported during the period. (xviii) The Company has not made any preferential allotment of shares during the period to parties and companies covered in the register maintained under Section 301 of the Companies Act. the term loans raised during the period were applied. debentures and other securities have been held by the Company in its own name except to the extent of the exemption granted under Section 49 of the Companies Act. (xv) According to the information and explanations given to us. S. 105049W) (Firm Registration No. securities. KADAM 3DUWQHU 3DUWQHU Membership No. All shares. 1956. 2013 33 . For KHANDELWAL JAIN & CO. (xxi) According to the information and explanations given to us. (xx) During the period. 1956. for the purposes for which the loans were obtained. 104524W) SHIVRATAN AGARWAL U. &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV (Firm Registration No. the terms and conditions of guarantees given by the Company for loans taken by others from EDQNVRU¿QDQFLDOLQVWLWXWLRQVDUHSULPDIDFLHnot prejudicial to the interest of the Company. (xiv) The Company has maintained proper records of transactions and contracts in respect of dealing and trading in shares. For KADAM & CO. (xix) The Company has not issued any secured debentures during the period. debentures and other investments and timely entries have generally been made therein.:104180 Membership No. (xvi) According to the information and explanations given to us.

179.529. 30th June.339.40 101.340.36 b) Reserves and Surplus 3 97.190. 2011 I. 2013 31st Dec.98 99. 2013 (` in Million) As at As at Particulars Note No. EQUITY AND LIABILITIES 1) Shareholders’ Funds a) Share Capital 2 3.04 96.839..76 2) Non-Current Liabilities   D.94 3.ANNUAL REPORT 2013 BALANCE SHEET AS AT 30TH JUNE.

22   E. /RQJ7HUP%RUURZLQJV 4 161.86 60.816.449.

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5 7.351.96 7.21   F.076.

55   F. /RQJ7HUP3URYLVLRQV 6 1.71 69.567.71 b) Trade Payables 8 11.274.473.726.000.89 1.84 11.412.05 3) Current Liabilities a) Short Term Borrowings 7 57.27 77.442.62 170.527.

00 d) Short Term Provisions 10 946.99 II.85 873.557.418.58 319.18 TOTAL 369. 2WKHU&XUUHQW/LDELOLWLHV 9 28.92 98.586.11    LLL.01 55.110.93 60.291.45 ii) Intangible Assets 458.223.16 820.825.030. ASSETS 1) Non-Current Assets a) Fixed Assets 11 i) Tangible Assets 58.89 150.

165. &DSLWDOZRUNLQSURJUHVV 6.55 7.674.07   E.

327.QYHVWPHQWV 12 49.99   F.79 47. 1RQ&XUUHQW.228.

741.42 d) Cash and Bank Balances 17 4.04 165.11 b) Inventories 15 21.53 55.97 20.332.088.045.327.63 208. /RQJ7HUP/RDQVDQG$GYDQFHV 13 74.807.858.80 2) Current Assets a) Current Investments 14 41.18 190.504.578.027.00 27.26 5.46   H.09 c) Trade Receivables 16 28.

49 f) Other Current Assets 19 795. N.557. 6KRUW7HUP/RDQVDQG$GYDQFHV 18 123. PADMANABHAN 3DUWQHU 3DUWQHU &RPSDQ\6HFUHWDU\ 'LUHFWRU Membership No. 2013 34 .62 179.54 154.761. S. DHOOT &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDLUPDQDQG0DQDJLQJ'LUHFWRU SHIVRATAN AGARWAL U.225. V.19 TOTAL 369. 31055 Place : Mumbai Date : 29th November.13 99. For KADAM & CO.663.58 319. KADAM VINOD KUMAR BOHRA S.99 6LJQL¿FDQW$FFRXQWLQJ3ROLFLHV 1 Notes forming part of the Financial Statements 2 to 47 As per our report of even date For and on behalf of the Board For KHANDELWAL JAIN & CO.291.264. 104180 Membership No.55 898.

18 9. 3UR¿W /RVV. 2012 TO 30TH JUNE.83 &KDQJHVLQ.76 (PSOR\HH%HQH¿WV([SHQVH 26 3.96 3XUFKDVHRI6WRFNLQ7UDGH 23 59.565.48 Net Revenue from Operations 181.063.253.562.643.181.32) (140.075.692.84 129.660. EXPENSES Cost of Materials Consumed 22 56.243.133. INCOME Revenue from Operations 20 187.57 119.831.007.194.501.41) 3URFHVVDQG6WRFNLQ7UDGH 3URGXFWLRQDQG([SORUDWLRQ([SHQVHV2LODQG*DV 25 12.46 Finance Costs 27 27.22 Other Income 21 4.755.94 2. 2011 I.182.64 Other Expenses 28 19.41 13.900. 2013 31st Dec.89 Depreciation and Amortisation 11 8.34 II..62 III.792.668.41 127. 30th June. STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1ST JANUARY.148.82 38. 2013 (` in Million) Period ended Year ended Particulars Note No.70 /HVV([FLVH'XW\ 6.QYHQWRULHVRI)LQLVKHG*RRGV:RUNLQ 24 (577.979.66 1.49 Total Expenses 186.502.753.70 40.12 Total Income 185.50 6.75 126.09 2.777.34 9.572.

72 IV.296.25) 981.59) 56. Tax Expenses Current Tax . 3UR¿W /RVV.733.16) 7. 1.54 Deferred Tax (274.47 V.%HIRUH7D[ (1.145.60 (Excess)/Short Provision of Income Tax for earlier years (154.

38) 17. S.11 VI. 104180 Membership No. KADAM VINOD KUMAR BOHRA S.IRUWKH3HULRG (716. V. For KADAM & CO. 2013 35 . PADMANABHAN 3DUWQHU 3DUWQHU &RPSDQ\6HFUHWDU\ 'LUHFWRU Membership No. 31055 Place : Mumbai Date : 29th November.399. N. Earnings per Equity Share of face value ` HDFK 29 Basic and Diluted (2.73 6LJQL¿FDQW$FFRXQWLQJ3ROLFLHV 1 Notes forming part of the Financial Statements 2 to 47 As per our report of even date For and on behalf of the Board For KHANDELWAL JAIN & CO.32) 5. DHOOT &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDLUPDQDQG0DQDJLQJ'LUHFWRU SHIVRATAN AGARWAL U.

CASH FLOW FROM OPERATING ACTIVITIES 3UR¿W /RVV. 2013 31st Dec.. 2013 (` in Million) Period ended on Year ended on Particulars 30th June. 2011 A.ANNUAL REPORT 2013 CASH FLOW STATEMENT FOR THE PERIOD ENDED ON 30TH JUNE.

09 (6.78 Cash generated from/(used in) Operations (6.EHIRUH7D[ (1.82 Income from Investments and Securities Division (43.94) 2SHUDWLQJ3UR¿WEHIRUH:RUNLQJ&DSLWDO&KDQJHV 33.145.305.777.057.252.99) (87.16) 7.89 Provision for Warranty and Maintenance Expenses 21.82) (279.075.553.11) (178.243.42 2WKHU&XUUHQW/LDELOLWLHV 5.91) (50.64 Finance Costs 27.263.29 Adjustments for: Inventories (771.07 (343.36) Provision for Gratuity 64.27 40.96 10.88) (405.06) Diminution/(Write back) in Value of Investments (1.97 Provision for Doubtful Debts 91.18 9.65 187.148.395.70) 3UR¿WRQ6DOHRI)L[HG$VVHWV (637.107.50 6.38) Trade Payables (313.85) (1.30 3URYLVLRQIRU/HDYH(QFDVKPHQW 10.74 Interest Received (491.38 (2.73) Provision for Abandonment and Site Restoration Costs 135.40) (487.733.420.72 Adjustments for: Depreciation and Amortisation 8.86) /RDQVDQG$GYDQFHV (43.71) 5.64 15.45) /HVV7D[HV3DLG 5HIXQG.813.071.99) Other Current Assets 103.73) 180.49 23.71) Trade Receivables (913.

334.59) 1.33 1HW&DVKIURP XVHGLQ.QHW (20.

597.32) (51.282.14 3XUFKDVHRI)L[HG$VVHWV .083.78) B.2SHUDWLQJ$FWLYLWLHV (A) (6.793.QFOXGLQJ&DSLWDO:RUNLQ3URJUHVV.29 1. CASH FLOW FROM INVESTING ACTIVITIES Sale of Fixed Assets 1.

63) Income from Investments and Securities Division 43.842.38) Interest Received 491.06 (Increase) in Fixed Deposits and Other Bank Balances 306.17 5.66) (Increase) in Investments in Subsidiaries (Net) (6.44) (1.127.82 279.40 487.284.36 (Purchase)/Sale of Investments (Net) 4.095.70 1HW&DVKIURP XVHGLQ. (11.288.85 (3.058.77) (12.631.

33) (57.777.637.53 10.91) (0.68) (9.QYHVWLQJ$FWLYLWLHV (B) (11.89) Payment of Dividend (211.349..80 243.885.040.84) Share Premium Received 2.88 .QFUHDVHLQ/RQJ7HUP%RUURZLQJV 63.04 Redemption Premium paid on Foreign Currency Convertible Bonds .55) Tax on Dividend (31.67) Finance Costs (27.642.95) (150.894.41) C.133.63 (Decrease) in Preference Share Capital (155.70 26.25) (350.44) 42. (1.81) Share Issue Expenses (12.13 Increase/(Decrease) in Short Term Borrowings (20.148.975.25) 1HW&DVKIURP XVHGLQ.18) (9. CASH FLOW FROM FINANCING ACTIVITIES Increase in Equity Share Capital 157.

549.47 3.652.894.)LQDQFLQJ$FWLYLWLHV (C) 18.82 3.150.64 &DVKDQG%DQN%DODQFHVDWWKHHQGRIWKHSHULRG 1RWH1R.588.82 Other Bank Balances 3.269.79 1.150.830.67 Net Change in Cash and Cash Equivalents (A+B+C) 118.34 Cash and Cash Equivalents at end of the period 1.97 58.97 (2.52) Cash and Cash Equivalents at beginning of the period 1.981.

KADAM VINOD KUMAR BOHRA S. PADMANABHAN 3DUWQHU 3DUWQHU &RPSDQ\6HFUHWDU\ 'LUHFWRU Membership No. S. For KADAM & CO. 4. N.46 As per our report of even date For and on behalf of the Board For KHANDELWAL JAIN & CO. 104180 Membership No.045. 2013 36 . V.858. DHOOT &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDLUPDQDQG0DQDJLQJ'LUHFWRU SHIVRATAN AGARWAL U.26 5. 31055 Place : Mumbai Date : 29th November.

SIGNIFICANT ACCOUNTING POLICIES of Consumer Electronics Divisions other than Glass Shell Division DQG E. NOTES FORMING PART OF THE FINANCIAL STATEMENTS 1.

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In case of any such indication. SURYHGUHVHUYHV/HDVHKROG/DQGLVDPRUWLVHGRYHUWKHSHULRGRIOHDVH b) Use of Estimates  . Example of such is less than it’s carrying amount. 1956. Producing Properties are and the requirements of the Companies Act. convention. and if such recoverable DW WKH GDWH RI WKH ¿QDQFLDO VWDWHPHQWV DQG UHSRUWHG DPRXQWV amount of the asset or cash generating unit to which the asset belongs of income and expenses during the period. employee by writing down such assets and Producing Properties to their UHWLUHPHQWEHQH¿WVSODQVSURYLVLRQIRULQFRPHWD[DQGWKHXVHIXO recoverable amount. The rate of depletion the mandatory Accounting Standards as prescribed by the LVFRPSXWHGLQSURSRUWLRQRIRLODQGJDVSURGXFWLRQDFKLHYHGYLVDYLV Companies (Accounting Standards) Rules.QWDQJLEOH$VVHWVDUHDPRUWLVHGRYHUDSHULRGRI¿YH\HDUV   7KH SUHSDUDWLRQ RI ¿QDQFLDO VWDWHPHQWV LQ FRQIRUPLW\ ZLWK G) Impairment of Assets Generally Accepted Accounting Principles (GAAP) requires The Fixed Assets or a group of assets (cash generating unit) and the management of the Company to make estimates and Producing Properties are reviewed for impairment at each Balance assumptions that affect the reported balances of assets and Sheet date. the recoverable amount of liabilities and disclosures relating to the contingent liabilities as these assets or group of assets is determined. NQRZQRUPDWHULDOL]HG H) Investments %.QGLDLVSURYLGHGRQVWUDLJKW using the accrual system of accounting in accordance with the line method at the rates prescribed in the aforesaid Schedule or based accounting principles generally accepted in India (Indian GAAP) on useful life of assets whichever is higher. the impairment loss is recognised estimates include provisions for doubtful debts. 7KH ¿QDQFLDO VWDWHPHQWV DUH SUHSDUHG XQGHU KLVWRULFDO FRVW the said Schedule or based on useful life of assets whichever is higher. except for certain Fixed Assets which are revalued. 'HSUHFLDWLRQRQ¿[HGDVVHWVKHOGRXWVLGH. including depleted using the “Unit of Production Method”. An impairment loss is reversed if there is change OLYHV RI ¿[HG DVVHWV 7KH GLIIHUHQFH EHWZHHQ WKH DFWXDO UHVXOWV in the recoverable amount and such loss either no longer exists or has DQGHVWLPDWHVDUHUHFRJQL]HGLQWKHSHULRGLQZKLFKUHVXOWVDUH decreased. 2006.

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other than temporary. the part of the cost of that asset. exploration and development costs are treated as capital provided for and included in the valuation of inventory. Accordingly. The decline in value. D) Exploration. I) Inventories C) Joint Ventures for Oil and Gas Fields Inventories including crude oil stocks are valued at cost or net realisable value whichever is lower. Cost is determined gas exploration and production activities. Other carried at cost. ZRUNLQSURJUHVV DQG DUH DFFXPXODWHG LQ D FRVW FHQWUH 7KH FRVW centre is not. smaller than a country except where warranted /. The cost b) Non Current Investments: Non Current Investments are stated LV LQFOXVLYH RI IUHLJKW LQVWDOODWLRQ FRVW GXWLHV WD[HV ¿QDQFLQJ at cost. which have been stated at revalued amounts. other than cost and other incidental expenses related to the acquisition and temporary. normally. installation of the respective assets but does not include tax/duty credits availed. b) Capital Work in Progress is carried at cost. OLQHE\OLQHEDVLVLQWKH&RPSDQ\¶V)LQDQFLDO6WDWHPHQWV. attributable interest and related incidental expenditure. all and Customs Duty on goods lying in customs bonded warehouse are acquisition. assets and liabilities as well as income and expenditure of Joint Venture Operations are accounted for. according to the Participating Interest of J) Borrowing Costs the Company as per the PSC and the Joint Operating Agreements on a Borrowing costs that are directly attributable to the acquisition. less accumulated depreciation/amortisation and impairment loss. comprising of direct cost. if any. )L[HG$VVHWV DUH VWDWHG DW FRVW H[FHSW IRU FHUWDLQ ¿[HG DVVHWV cost or quoted/fair value. A qualifying asset is one that necessarily investment in such joint venture is treated as long term investment and takes substantial period of time to get ready for intended use. is provided borrowing costs are recognised as an expense in the period in which for. the Company’s share in the on Weighted Average Basis. c) Cost is inclusive of brokerage. is provided for. The decline in the value of the investment.QUHVSHFWRI construction or production of an qualifying asset are capitalised as joint ventures in the form of incorporated jointly controlled entities. fees and duties but excludes Securities Transaction Tax. they are incurred. conversion and other costs incurred in bringing the Sharing Contracts (PSC) entered into by the Company for oil and inventories to their present location and condition. Cost of inventories comprises all In respect of unincorporated joint ventures in the nature of Production costs of purchase. Development Costs and Producing Properties K) Excise and Customs Duty The Company follows the “Full Cost” method of accounting for its oil  ([FLVH'XW\LQUHVSHFWRI¿QLVKHGJRRGVO\LQJLQWKHIDFWRU\SUHPLVHV and natural gas exploration and production activities.

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value costs and is capitalised as producing property. 1956. except.QGLD RQ ZULWWHQGRZQYDOXHPHWKRGLQWKHPDQQHUDQGDWWKHUDWHVVSHFL¿HGLQWKH d) Insurance. Duty Drawback and other claims are accounted for as Schedule XIV to the Companies Act. 5HYHQXHLVUHFRJQLVHGRQWUDQVIHURIVLJQL¿FDQWULVNDQGUHZDUG E) Abandonment Costs in respect of ownership. liability for abandonment cost based on evaluation by experts at current transportation and packing charges but excludes sale tax. The same is reviewed DGGHGWD[DQGUHFRYHU\RI¿QDQFLDODQGGLVFRXQWLQJFKDUJHV periodically. services. duty drawback and other recoveries such as insurance. c) Revenue from sale of electrical energy is accounted for on F) Depreciation. 37 . Amortisation and Depletion the basis of billing as per the provisions of Power Purchase Agreement. b) Sales/turnover includes sales value of goods.  7KH &RPSDQ\ SURYLGHV GHSUHFLDWLRQ RQ ¿[HG DVVHWV KHOG LQ . excise abandoning and restoring well sites and allied facilities is recognised as duty. a) on Fixed Assets and when admitted by the appropriate authorities. The full eventual estimated liability towards costs relating to dismantling.

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Deferred tax assets and case may be. The difference between the rate prevailing on the date of Income tax comprises of current tax and deferred tax. Exchange differences of deferred tax asset/liability are reviewed at each Balance Sheet date arising on such contracts are recognised in the period in which and recognised and carried forward only to the extent that there is a they arise and the premium paid/received is recognised as reasonable certainty that the asset will be realised in future. /HDYH(QFDVKPHQW is established. as the rate applicable to relevant assessment year. subject to the consideration of prudence. movement in the underlying exposure. Foreign Currency 0RQHWDU\ $VVHWV DQG /LDELOLWLHV DUH WUDQVODWHG DW WKH \HDU HQG Q) Taxation rate. H[SHQVHVLQFRPH RYHU WKH SHULRG RI WKH FRQWUDFW &DVK ÀRZV R) Share Issue Expenses arising on account of roll over/cancellation of forward contracts are recognised as income/expenses of the period in line with the Share issue expenses are written off to Securities Premium Account. The carrying amount transaction and accounted accordingly. 6. Deferred tax FXUUHQF\ ULVN RQ XQH[HFXWHG ¿UP FRPPLWPHQWV RU RI KLJKO\ assets and liabilities are measured using the tax rates enacted or probable forecast transactions are treated as foreign currency substantively enacted by the Balance Sheet date. Provision for transaction and on the date of settlement as also on translation FXUUHQWLQFRPHWD[LVPDGHRQWKHDVVHVVDEOHLQFRPHEHQH¿WVDWWKH of Monetary Items at the end of the period is recognised. as income or expense for the period. liabilities are recognised for the future tax consequences of timing b) Forward contracts other than those entered into to hedge foreign differences.    /LDELOLW\LQUHVSHFWRIOHDYHHQFDVKPHQWLVGHWHUPLQHGXVLQJ N) Foreign Currency Transactions the projected unit credit method with actuarial valuations as RQWKH%DODQFH6KHHWGDWHDQGJDLQVORVVHVDUHUHFRJQL]HG a) Transactions in foreign currencies are recorded at the exchange LPPHGLDWHO\LQWKH6WDWHPHQWRI3UR¿WDQG/RVV rate prevailing on the date of transactions.

Capital expenditure. 2008. WKH6WDWHPHQWRI3UR¿WDQG/RVV U) Accounting for Leases 2. The resultant gains and Development is shown as an addition to Fixed Assets under the and losses on fair valuation of such contracts are recognised in respective heads. commitments and highly probable forecast transactions which T) Research and Development are not covered by the existing Accounting Standard (AS) 11. in pursuance of the announcement of is charged to revenue under the respective heads of account in the the Institute of Chartered Accountants of India (ICAI) dated 29th period in which it is incurred. if any. 3UHPLXPRQ5HGHPSWLRQRI%RQGV'HEHQWXUHV c) All other derivative contracts including forward contract entered Premium on Redemption of Bonds/Debentures are written off to LQWR IRU KHGJLQJ IRUHLJQ FXUUHQF\ ULVNV RQ XQH[HFXWHG ¿UP Securities Premium Account. DUH UHFRJQLVHG LQ WKH ¿QDQFLDO VWDWHPHQWV DW IDLU YDOXH DV RQ Revenue expenditure pertaining to Research and Development the Balance Sheet date. on accounting of derivatives. on Research March.

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the year in which the revenues are recognised. E. based on technical evaluation and past experience. 6KRUW7HUP(PSOR\HHV%HQH¿WV V) Warranty   6KRUW7HUP(PSOR\HHV%HQH¿WVDUHUHFRJQL]HGDVDQH[SHQVHDW Provision for the estimated liability in respect of warranty on sale of WKHXQGLVFRXQWHGDPRXQWLQWKH6WDWHPHQWRI3UR¿WDQG/RVVIRU consumer electronics and home appliances products is made in the period/year in which the related services are rendered.

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India for this purpose and is FKDUJHGWR6WDWHPHQWRI3UR¿WDQG/RVVRQDFFUXDOEDVLV  &RQWLQJHQW /LDELOLWLHV DUH QRW UHFRJQLVHG EXW DUH GLVFORVHG LQ WKH Notes. 3URYLGHQW)XQG'H¿QHG&RQWULEXWLRQ3ODQ Provisions are recognised when there is a present obligation as a The Company contributes monthly at a determined rate. UHVXOWRISDVWHYHQWVDQGLWLVSUREDEOHWKDWWKHUHZLOOEHDQRXWÀRZRI These contributions are remitted to the Employees’ resources in respect of which reliable estimates can be made. Disputed demands in respect of Central Excise.   LL. Custom duty. Provident Fund Organisation.

HPSOR\HHV7KHEHQH¿WLVLQWKHIRUPRIOXPSVXPSD\PHQWV WLOOWKH¿QDORXWFRPHRIWKHPDWWHU to vested employees on retirement. 38 . the projected unit credit method with actuarial valuations as RQWKH%DODQFH6KHHWGDWHDQGJDLQVORVVHVDUHUHFRJQL]HG Y) Other Accounting Policies LPPHGLDWHO\LQWKH6WDWHPHQWRI3UR¿WDQG/RVV These are consistent with the generally accepted accounting principles. Sales tax and Others are disclosed as contingent liabilities. *UDWXLW\'H¿QHG%HQH¿W3ODQ Income tax. The Company provides for gratuity to all the eligible Payment in respect of such demands. on death while in  &RQWLQJHQWDVVHWVDUHQRWUHFRJQLVHGLQWKH¿QDQFLDOVWDWHPHQWV employment. or termination of employment for an amount equivalent to 15 days salary payable for each completed X) Prior period items \HDURIVHUYLFH9HVWLQJRFFXUVRQFRPSOHWLRQRI¿YH\HDUV Prior period items are included in the respective heads of accounts and RIVHUYLFH/LDELOLW\LQUHVSHFWRIJUDWXLW\LVGHWHUPLQHGXVLQJ material items are disclosed by way of Notes to Financial Statements. is shown as an advance. if any.

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) As at As at 2.187.22 /HVV&DOOVLQ$UUHDUVE\RWKHUV 0.56 each (Previous year `HDFK. Subscribed and Paid-up: Equity Shares 318.00 Issued.000) Redeemable Preference Shares of `HDFK 1.000.00 1.000 (Previous year 10.64 3.72 3.74 301.523.00 10.. SHARE CAPITAL 30th June.030.000.187.08 0. 2013 2011 Authorised: 500.000.000.669 (Previous year 303.771.021.00 6.669) Equity Shares of `HDFKIXOO\SDLGXS 3.000.32 150. 31st Dec.000.523.000.00 Total 6.000.000.000.990) 8% Cumulative Redeemable Preference Shares of ` 33.990 (Previous year 4.030.000 (Previous year 500.00 5.000) Equity Shares of `HDFK 5.11 (a) 3.11 Preference Shares i) 4.

69 (Previous year `HDFK.870 (Previous year 76.IXOO\SDLGXSUHGHHPDEOHDWSDURQVW2FWREHU ii) 76.34 each 2.56 7.870) 8% Cumulative Redeemable Preference Shares of ` 33.

34 each (Previous year `HDFK.523.72 303.32 each (Previous year ` 66.035 10.771.36 As at 30th June.40 Redeemed during the period .22 301.1 Reconciliation of the Number of Shares: No. 2011 2. 2013 As at 31st Dec.22 b) 8% Cumulative Redeemable Preference Shares of ` 33.523.66 each) Outstanding at the beginning of the period 4.000 157.019.50 1.750.74 4.56 4. of Shares ` in Million No.669 3.669 3.030.82  150.990 150.64 Issued during the period 15.523.30 309.634 3.021.58 Outstanding at the end of the period 318.IXOO\SDLGXSUHGHHPDEOHDWSDURQVW)HEUXDU\ (b) 153.030.990 452.84 Outstanding at the end of the period 4.669 3. of Shares ` in Million a) Equity Shares of `HDFK Outstanding at the beginning of the period 303.25 Total (a+b) 3..990 301.340.963.523.990 301.021.058.187.94 3.339.56 c) 8% Cumulative Redeemable Preference Shares of ` 33. 150.

082. Outstanding at the beginning of the period 76.000 90.870 2.91 26.870 7.94 63.575 5.29 b) 3ODWLQXP$SSOLDQFHV3ULYDWH/LPLWHG 15.990 9. Preference and Restrictions: a) The Company has only one class of equity shares having par value of `SHU6KDUH(DFKKROGHURI(TXLW\6KDUHVLVHQWLWOHGWRHTXDOULJKW of voting and dividend.836 8.604.082.. b) In the event of liquidation of the Company.28 e) 9LGHRFRQ5HDOW\DQG.19 19. of Shares % of Holding a) Equity Shareholders a) 'RPH%HOO(OHFWURQLFV. The distribution will be in proportion to the number of Equity Shares held by the shareholders.049 6.575 5.QGLD3ULYDWH/LPLWHG 19. They have preference over equity shareholder as to dividend and in case of liquidation.113 6.666 4.%DQN/LPLWHG 4.990 9.23 4. 2.69 2.56 76.067.13   Outstanding at the end of the period 76.90 15.77 b) .404. 2011 Name of Shareholders No.69 76.02 16.604. of Shares % of Holding No.66 each) a) /.3 Details of Shareholders holding more than 5% Shares: As at 30th June.23 c) 8% Cumulative Redeemable Preference Shares of ` 33.15 c) 6KUHH'KRRW7UDGLQJ$QG$JHQFLHV/LPLWHG 28.010.2 Rights.870 7.566.'%.77 441.570.69 Redeemed during the period .QIUDVWUXFWXUHV/LPLWHG 63.015.495 20.&RI.741.000 90.870 7.98 b) 8% Cumulative Redeemable Preference Shares of ` 33. c) The Preference Shares do not have voting rights. 5.518 19.59 d) 6\QHUJ\$SSOLDQFHV3ULYDWH/LPLWHG 16.010.QGLD/LPLWHG 441.34 each (Previous year `HDFK.666 5.207 8. the holders of Equity Shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts.32 each (Previous year ` 66. 2013 As at 31st Dec.

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642.VVXH([SHQVHV 12.25 /HVV3UHPLXPSD\DEOHRQ5HGHPSWLRQRI&RQYHUWLEOH%RQGV .75 9.87 Add: Received during the year 2.. 2013 2011 a) Capital Reserve (including Capital Subsidy) As per last Balance Sheet 9.30 (c) 46.75 b) Capital Redemption Reserve As per last Balance Sheet 688.75 (a) 9.188.01 43.403.559.17 3.29 688.85 /HVV6KDUH.75 9.09 242. 31st Dec.12 d) %RQG'HEHQWXUH5HGHPSWLRQ5HVHUYH As per last Balance Sheet 1.053.83 (b) 844.33 c) Securities Premium Account As per last Balance Sheet 43.50 $GG7UDQVIHUUHGIURP6XUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV 155.96 150.029.59 2.64 $GG /HVV.42 43.60 43.ANNUAL REPORT 2013 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) As at As at 3. 87.42 /HVV&DOOVLQ$UUHDUVE\RWKHUV 1.33 537.559.187.05 46.557.91 0. RESERVES AND SURPLUS 30th June.

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000.201.17 e) General Reserve As per last Balance Sheet 16.201.201.55 28.909.00 1.48 $GG7UDQVIHUUHGIURP6XUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV 300.962.48 15.680.48 f) 6XUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV As per last Balance Sheet 34.29 $GG3UR¿W /RVV.501.00 (e) 16.680.47) (d) 2.34 (1.6XUSOXVLQWKH6WDWHPHQWRI3UR¿WDQG/RVV 1.48 16.053.51 1.976.

60 7HUP/RDQV L. LONG-TERM BORROWINGS Non-Current Current 1RQ&XUUHQW Current a) Secured 1RQ&RQYHUWLEOH'HEHQWXUHV .IRUWKHSHULRG (716.77 159. .32) 5.839.34  Transfer to General Reserve 300.33 (f) 31.68 33.  21.055.39 3URSRVHG'LYLGHQG3UHIHUHQFH6KDUHV 27.190.00 1. 2013 As at 31st Dec.55 Total (a to f) 97.47 Balance available for Appropriations 33.23 36.40 (` in Million) As at 30th June.48 31.77 Tax on Proposed Dividend 38.04 96.399.83 Transfer to Bond/Debenture Redemption Reserve 1.909.00 3URSRVHG'LYLGHQG(TXLW\6KDUHV 198.680. 2011 4. 1.87 Less: Appropriations Transfer to Capital Redemption Reserve 155.00 34..000.96 150.334.976.11 Add: Transferred from Bond/Debenture Redemption Reserve .964.

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New Delhi and immovable property including land. The ORDQVDUHIXUWKHUVHFXUHGE\¿UVWSDULSDVVX charge on book debts of consumer electronics and home appliances division which are not charged to bankers for securing working capital loans. Chandrapur.33 Million are secured by Equitable Mortgage on SDULSDVVX basis on immovable property situated at Videocon Tower. /RDQV DPRXQWLQJ WR ` 9. Warora.583. building and machinery situated at Village Manjra. Y. Dist.

5265 per share being at premium of 3% over reference share price.75 MW Multi Crystalline Silicon Photovoltaic Technology Project at Warora.e. Dhoot.000 Foreign Currency Convertible Bonds of US$ 100. issued 2. Pradipkumar N. if the closing price of shares for each of the 30 consecutive trading days prior to the date on which notice of such redemption is given was at least 130% of the conversion price. 2011 to 7 days before maturity date i. Dhoot and Mr. iii) The Bonds are redeemable at maturity date i. 2015. stock dividends and other dilutive events. subdivision or consolidation of shares. The loan is further secured by personal guarantees of Mr. c) 9HKLFOH/RDQVIURP%DQNVDUHVHFXUHGE\ZD\RIK\SRWKHFDWLRQRI9HKLFOHVDFTXLUHGRXWRIWKHVDLGORDQ7KHORDQVDUHDOVRVHFXUHGE\SHUVRQDO guarantee of Mr. Some of the loans are also secured by pledge of certain investments of the Company. /RDQVDPRXQWLQJWR`0LOOLRQLVVHFXUHGE\PRUWJDJHRILPPRYDEOHDVVHWVDQG¿UVWFKDUJHRQPRYDEOHDVVHWVFDVKÀRZVDQGLQWDQJLEOH assets pertaining to the 5. 2013. capital distributions.000 each (Bonds) due on 16th December. i) The Bonds are convertible at the option of the bondholders at any time on or after 25th January. Venugopal N.QFHQWLYHWR3UHVWLJLRXV8QLW 0RGL¿HG. out of which 1. 16th 'HFHPEHUDWD¿[HGH[FKDQJHUDWHRI` 45. during the year 2010.255 per 1 US$ and at initial conversion price of ` 239.2 Unsecured Loans: a) 8QVHFXUHG5XSHH/RDQVIURP%DQNVDUHJXDUDQWHHGE\0U9HQXJRSDO1'KRRWDQG0U3UDGLSNXPDU1'KRRW b) The Company had. among other things. on 16th December. c) 7KH&RPSDQ\KDVDYDLOHGLQWHUHVWIUHH6DOHV7D['HIHUUDOXQGHU6SHFLDO. rights issues. 4. b) ([WHUQDO&RPPHUFLDO%RUURZLQJVDUHVHFXUHGE\D¿UVWUDQNLQJ SDULSDVVXFKDUJHRYHUDOOWKHSUHVHQWDQGIXWXUHPRYDEOHDQGLPPRYDEOH¿[HG assets. The conversion price will be subject to adjustment for. Dhoot.944 (Previous year 1. ii) The Bonds are redeemable in whole but not in part at the option of the Company on or after 15th December. 2015.e. Venugopal N. if not redeemed or converted earlier.944) Bonds are outstanding. at its principal amount.

27 584.470.01 430.QWHUHVWRQ7HUP/RDQV 439. The details of continuing defaults as at 30th June.25  4.16 9.6FKHPH2XWRIWRWDORXWVWDQGLQJ `0LOOLRQLVUHSD\DEOHLQ)<`0LOOLRQLVUHSD\DEOHLQ)<DQGEDODQFHDPRXQWRI`PLOOLRQLVUHSD\DEOHLQ)< (` in Million) 4.00 .56 84.437.00  )LQDQFLDO<HDU 34. 2013.93 337.4 The Company has made certain defaults in repayment of long term loans and interest.186.25  )LQDQFLDO<HDU  15.150.186.418.355.01 268.461.56 1.00  )LQDQFLDO<HDU 1.11 2.63 416.22 )LQDQFLDO<HDU 3. are as follows: (` in Million) Particulars Period of Delays 1 Day 2 to 31 Days 32 to 68 Days 3ULQFLSDODPRXQWRI7HUP/RDQV 656.931.49 58.11 2.229.425.59  )LQDQFLDO<HDU 22.55 1.46 )LQDQFLDO<HDU 4.340.31 1.27 1.75  )LQDQFLDO<HDU 34.67 2.454.3 0DWXULW\3UR¿OHRI6HFXUHG/RDQV Rupee Loans Rupee Loans Vehicle Loan IURP%DQNV from Financial IURP%DQNV Institutions )LQDQFLDO<HDU 5.00  )LQDQFLDO<HDU 26.370.74 169.11 )LQDQFLDO<HDU 7.64 41 .539.844.

78 7.88 (b) 1.02 the Income Tax Act.74 459.11 (a) 8.076.113.78 7.12 91.96 7.190.875. LONG-TERM PROVISIONS Provision for Gratuity (Refer Note No.21 6.21 64.351.09 3URYLVLRQIRU/HDYH(QFDVKPHQW 5HIHU1RWH1R%.190. 31st Dec.90 1HW'HIHUUHG7D[/LDELOLW\ (a-b) 7.11 b) Deferred Tax Assets i) ([SHQVHVFKDUJHGLQWKH¿QDQFLDOVWDWHPHQWVEXWDOORZDEOHDVGHGXFWLRQLQIXWXUH\HDUVXQGHU 128.87  iii) Others 192.ANNUAL REPORT 2013 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) As at As at 5.82 523.875. DEFERRED TAX LIABILITY (Net) 30th June. 1961 ii) &DUULHG)RUZDUG/RVVHV 792. 2013 2011 a) 'HIHUUHG7D[/LDELOLW\ Related to Depreciation and Amortisation on Fixed Assets 8. 32B) 145..

925.274.620.39 9.27 77.567.26 39.71 7.32 Total (a+b) 57.32 /RDQIURP2WKHUV 13.86 Total 1.1 Secured Loans D.351.476. 49.930.51 1.527. SHORT-TERM BORROWINGS Secured /RDQIURP%DQNV 20.642.39 Unsecured /RDQIURP%DQNV 7.279.550.62 7.473.39 36.50 :RUNLQJ&DSLWDO/RDQVIURP%DQNV 15.573.83 40.88 40.500.67 Provision for Abandonment and Site Restoration Costs 1.976.05  (b) 21.89 1.89 (a) 35.642.143.00 27.

 6KRUW7HUP/RDQVIURP%DQNV L.

 /RDQVDPRXQWLQJWR` 15.000.00 Million are secured by subservient charge on entire movables and current assets. both present and future of the Company and 12 other borrowers except for the assets of Ravva Oil Field. The loans are further secured by subservient charge on 9LGHRFRQ DQG .HQVWDU EUDQGVDQGLUUHYRFDEOHDQGXQFRQGLWLRQDOSHUVRQDOJXDUDQWHHVRI0U9HQXJRSDO1'KRRWDQG0U3UDGLSNXPDU1 Dhoot. LL.

Dhoot. /RDQVDPRXQWLQJWR` 2.00 Million is secured by mortgage of properties owned by the Company and owned by others. The loan is further secured by personal guarantees of Mr.00 Million Refer Note No. E.000. Dhoot and Mr.500. Pradipkumar N. 4. iii) For security of loans amounting to ` 3.1 (a) (i). Venugopal N.

91 11.05 271. 31st Dec.726. Dhoot. 7.00  .55 42 .. Small and Medium Enterprises 79.350. The details of continuing defaults as at 30th June.94 Total 11.00 Million are further secured by mortgage of properties owned by others situated at Ahmedabad. are as follows: (` in Million) Particulars Period of Delays 1 Day 2 to 31 Days 32 to 61 Days 3ULQFLSDODPRXQWRI/RDQV  1.76 220.60 (` in Million) 8.61 Others 11.332. TRADE PAYABLES As at As at 30th June.2 Unsecured Loans  8QVHFXUHG/RDQVIURP%DQNVDUHVHFXUHGE\SHUVRQDOJXDUDQWHHVRI0U9HQXJRSDO1'KRRWDQG0U3UDGLSNXPDU1'KRRWDQGORDQVDPRXQWLQJ to ` 5.412. 2013 2011 Micro.93 4.721.3 The Company has made certain defaults in repayment of short term loans and interest.000.QWHUHVWRQ/RDQV 17. :RUNLQJ &DSLWDO /RDQV IURP %DQNV DUH VHFXUHG E\ K\SRWKHFDWLRQ RI WKH &RPSDQ\ V VWRFN RI UDZ PDWHULDOV SDFNLQJ PDWHULDOV VWRFNLQ SURFHVV¿QLVKHGJRRGVVWRUHVDQGVSDUHVERRNGHEWVRI*ODVV6KHOO'LYLVLRQRQO\DQGSHUVRQDOJXDUDQWHHVRI0U9HQXJRSDO1'KRRWDQG Mr. Pradipkumar N. Aurangabad and Mumbai. 7.84 11. 2013.

1 Disclosure in accordance with Section 22 of Micro.80  2006.21 c) Interest paid by the Company in terms of Section 16 of the Micro. 2013 2011 a) Principle amount remaining unpaid as at the end of the year 79. Small and Medium Enterprises Development Act. OTHER CURRENT LIABILITIES 30th June. 2006 Note: This information as required to be disclosed under the Micro. Small and Medium Enterprises Development Act.16 0. 2013 2011 &XUUHQWPDWXULWLHVRI/RQJWHUP%RUURZLQJV 5HIHU1RWH1R.61 b) Interest due thereon as at the end of the year 0.16 0.21 e) Interest accrued and remaining unpaid at the end of the year 0. 31st Dec.  as above are actually paid to the small enterprises for the purpose of disallowance as deductible expenditure under Section 23 of the Micro. NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) As at As at 8. Small and Medium Enterprises Development Act. 2006 : 30th June.93 4.16 0.21 f) Further interest remaining due and payable even in the succeeding years.. 31st Dec. Small and Medium Enterprises Development Act. until such date when the interest dues . 2006. 2. along with the amount of payment made to the suppliers beyond the appointed day during the year d) Interest due and payable for the period of delay in making payment 0. has been determined to the H[WHQWVXFKYHQGRUVSDUWLHVKDYHEHHQLGHQWL¿HGRQWKHEDVLVRILQIRUPDWLRQDYDLODEOHZLWKWKH&RPSDQ\ (` in Million) As at As at 9..

278.44 28.923.176. 31) 653.69 Other Payables 2.39 3URSRVHG'LYLGHQG3UHIHUHQFH6KDUHV 27.53 Creditors for Capital Expenditure 8.00 10.05 372.774.43 Interest accrued and due on Borrowings 3.15 Provision for Gratuity (Refer Note No.28 Bank Overdraft as per books 106.418.93 60. 10. SHORT-TERM PROVISIONS 3URSRVHG'LYLGHQG(TXLW\6KDUHV 198.14 81.66 3URYLVLRQIRU/HDYH(QFDVKPHQW 5HIHU1RWH1R%. 32B) 23.223.86 3.48 31.399.43 Interest accrued but not due on Borrowings 1.35 8.03 Total 28.61 Payable to Related Parties 9.77 159.27 12.892.628.88  Unclaimed Dividend 10.68 33.33 Provision for Warranty and Maintenance Expenses (Refer Note No.87 81.77 Provision for Tax on Dividend 38.34 48.24 632.878.

674.80 10.497.46 37.85 873.72 148.09 4.05   48.18 0.744.538.33 39. 5. period Adjustments 30th June.275.75 5.00 2.54 4.247. 31st Dec.50 1.89 635.55 6.58 0.116. 4.05 47.666.18 Plant and Machinery 91. 2011 2013 2011 2013 2013 2011 i) Tangible Assets )UHHKROG/DQG 153.05 12.15  1.54 /HDVHKROG/DQG 48.56 412.31 4.691.835.33 30.16 21.040.71 Furnace 1.17  12. 5.92 11.425.69 53.53 11.419.63 0.87 2.78 4.91 37.850.00 36.72 12.562.PSURYHPHQWV 39.60 53.11 55.23 381.77 Furniture and Fixtures 211.425.01 55.19 102.11 Total (i+ii) 107.17 55.63 Vehicles 1.15   39.64 2.39   1.24 253.49 0.425.418.500.29 1.97 157.75 13. 30th June.62 59.16 55.598.69 58.33   39.37 256.809.116.37 4.37 .31 525.145.176.794.85  4.62 4.13 1.07 6.28 213.28 20.646..08 Building 6.68 Total (i) 102.562.248.15 0.16 8.70  4.090..39 4.15 2. 156.47    .044.20 63.47 22.98 1.95 Computers 243.70 6.283.21 12.92 Electrical Installation 158.847.84 124.38 /HDVHKROG.16 820.23 Total (ii) 5.622. FIXED ASSETS (` in Million) *URVV%ORFN 'HSUHFLDWLRQ$PRUWLVDWLRQ.63 205.207.93 458.78 204.47 153.05 10.165.77 37.67  235.00 10. 2011 99.62 Total 946.05 235.32 42.00 229.56 220.38 107.831.60 7.79 116.61 6.67 50.55 7.91 3.63 337.850.52 12.35 48.04 58.68 149.56 Previous year as at 31st Dec. Adjustments 30th June.041.72 15. 31st Dec.87 112.93 421.576.85 0.62 15.72 13.228.88 Producing Properties 4.560.10 11.825.243.96 28.38 765.82  113.97 59.674.034.39 1.95 592..165.13 1.00 3.576.98  172.26 508.97 1.071.36 221.363.06 1.716.35 10.148.891.PSDLUPHQW 1HW%ORFN As at Additions Deductions/ As at As at For the Deductions/ As at As at As at Particulars 31st Dec.07 43 .660.075.57  271.030.122.796.56 iii) &DSLWDO:RUNLQ3URJUHVV 7.45 ii) Intangible Assets Computer Software 259.119.14 35.78 54.70 6.64 156.72 49.82 7.52 56.41 4.275.068.581.57 1.551.87 1.87 117.73 102.61 2I¿FH(TXLSPHQWV 330.18 51.14 51..23 24.489.72 48.42 .

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80 91.01 (i) 0.228.906. Share Application Money Pending Allotment %KDUDW%XVLQHVV&KDQQHO/LPLWHG .43 Total Non-Current Investments 49.RI&R2SHUDWLYH%DQN  $KPHGQDJDU'LVWULFW8UEDQ&HQWUDO&R2SHUDWLYH%DQN/WG ` 50 10 .000. 10  [` 500 (Previous year ` 500)]  %KDUDWL6DKDNDUL%DQN/LPLWHG ` 50 7. 4.90 Aggregate Market value of Quoted Investments 240.166 0.QYHVWPHQWV  (TXLW\ 6KDUHV RI 1H[W 5HWDLO .52 ii) In Shares (Fully Paid-up) of Co-Operative Society (ii) ` 50 5 . 814.99 Aggregate amount of Quoted Investments 214.011.00 0LGGOH(DVW$SSOLDQFHV//& 91.52 0.04 4. 31  [` 250 (Previous year ` 1.52 H.63 7UHQG(OHFWURQLFV/LPLWHG .09  7KH6DUDVZDW&R2SHUDWLYH%DQN/LPLWHG ` 10 1. 9.670 0.09  2XW RI WRWDO .000.QGLD /LPLWHG  (TXLW\ 6KDUHV RI 3LSDYDY (QHUJ\ 3ULYDWH /LPLWHG  (TXLW\ 6KDUHV RI 9LGHRFRQ2LO9HQWXUHV/LPLWHG(TXLW\6KDUHVRI9LGHRFRQ.670 0.327.00 9LGHRFRQ2LO9HQWXUHV/LPLWHG .000 0.09 857 0.00 9LGHRFRQ7HOHFRPPXQLFDWLRQV/LPLWHG .63 15.000 0.112.00 &KKDWWLVJDUK3RZHU9HQWXUHV3ULYDWH/LPLWHG .166 0.38 7.63 Aggregate amount of Unquoted Investments 49.97 217.01 1.52 0.38  %RPED\0HUFDQWLOH&R2SHUDWLYH%DQN/LPLWHG ` 10 4. 1. 45 .550)] (i+ii) 0.04  -DQDWD6DKDNDUL%DQN/LPLWHG ` 10 857 0.50 242.000. 1.63 91.82 47.QWHUQDWLRQDO(OHFWURQLFV/LPLWHGDQG(TXLW\6KDUHVRI9LGHRFRQ7HOHFRPPXQLFDWLRQV/LPLWHG are pledged with Banks and Financial Institutions as security for availment of certain loans.79 47.000.

considered good) 2013 2011 2013 2011 Capital Advances 43.512.36 2WKHU%DQN%DODQFHV Security Deposits 218.79 37.000 24.48 138.19 284.02 60.08 $VWDNHQYDOXHGDQGFHUWL¿HGE\WKH 30th June.40 487.97 20.741. SHORT TERM LOANS AND ADVANCES Funds (Unsecured.02 188.53 21.32 372. 2.44 129.14 279. 43) Estate Fund /RDQVDQG$GYDQFHVWR2WKHUV 117. 2013 2011 :RUNLQ3URFHVV 994.02 188.088.807.254. 2011 INVESTMENTS.150.41 Electrical Energy (Power) 233.894.2) Cash and Cash Equivalents 3UR¿WRQ6DOHRI)L[HG$VVHWV 637. 43) In Fixed Deposits (held as margin money /RDQVDQG$GYDQFHVWR2WKHUV 26.088..63 Insurance Claim Received 34.00 (Refer Note No.295.269.365.12 10. (Unsecured.55 98. 13. TRADE RECEIVABLES (Unsecured) Outstanding for a period exceeding six 20.32 .61 Balance with Central Excise/Customs 473. INVENTORIES As at As at Other Receivables 296.21 473.37 for credit facilities) Total 74. Value Total 4.83 (` in Million) Insurance Claim Receivable 1.23 35.04 1.50 250.89 Crude Oil and Natural Gas 19.46 Nos.858.32  0XOWLFDS*URZWK /RDQV DQG $GYDQFHV WR 5HODWHG 3DUWLHV 5.04 830.71 15.05 794.583.58 In Fixed Deposits earmarked towards Site 624. ` in 8QTXRWHG Million Million Others In Units of Mutual 18.306.578.194.81 Considered Good 691.81 /RDQVDQG$GYDQFHVWR5HODWHG3DUWLHV 47.55 898.58 4. ` in Nos.53 2.327.166.51 Total 21.94 13.000 .00 27.934.73 570.78 515.98 27.41 Sub-Total 3.000 200.700.39 Sale of Products/Services 187. OTHER INCOME Total 28.89 0DWXULW\PRUHWKDQPRQWKV 162.35 466.934.81 In Dividend Warrant Accounts 10.588.44 129.04 Cheques/Drafts on hand/in transit 0.62 Warehouse 20.64 14.042.000 2.83 Other Operating Revenue 396.47 3.63 208. 2013 As at 31st Dec.12 160.50 Deposits 16.06 Restoration (Refer Note No.35 Crude Oil 103.000 4.11 19.64 18. CASH AND BANK BALANCES Income from Investments and Securities 45.64 Considered Doubtful 198.171. LONG TERM LOANS AND ADVANCES 30th June.30   Growth Total 123.03 1.262.12 Sub-Total 1.08 Income from Other Services 57.1 3DUWLFXODUVRI6DOHRI3URGXFWV6HUYLFHV months Electrical and Electronic items 167. 31st Dec. CURRENT Face As at 30th June.24 3.753. Total 795.000 2.20 Balances with Banks in Current Accounts 1.20 114.71 Finished Goods and Stock in Trade 4.69 84.64 14.41 691.45 10.71 /HVV3URYLVLRQIRU'RXEWIXO'HEWV 198.72 Total 4.26 889.88 Division (Refer Note No.94 Cash on hand 7. 31st Dec. 30th June.14 PSU Equity Fund Department Canara Robeco ` 10 250.53 55.663.07 14.26 5.828.139.919..112.66 1. considered good) Baroda Pioneer ` 10 250.19 284. REVENUE FROM OPERATIONS 30th June.86 2.QGLJR ` 100.18 0DWXULW\PRQWKVRUOHVV 2.974.09 Total 187.000 1.20 236.47 Other Non Operating Income 2.42 Interest Income 491.000 1.504.11 178.761.791.')&&DVK)XQG ` 1.62 Management) 2013 2011 Raw Materials including Consumables. .89 2WKHUV&RQVLGHUHG*RRG 27. 30.06 17.30 187.074 34.042.03 HDFC PMS Real ` 10 325.00 Total 41.63 0.960 3.299.560.635.299.063.79 1..315.800.66 Stores and Spares (` in Million) Period ended Year ended Materials in Transit and in Bonded 2.57 250.527.182.13 99.419.84 129.82 46 .045.64 Drilling and Production Materials 222..49 Peninsula Realty )XQG.60 19. 31st Dec.53 Advance Income Tax (Net of Provision) 138.661.26 400. OTHER CURRENT ASSETS Interest Accrued 497..ANNUAL REPORT 2013 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) (` in Million) As at As at As at As at 13.61 114.44 28. 31st Dec.70 16.

239.41 882.96 Discount and Incentive Schemes 6.70 40. Repairs to Plant and Machinery 90. COST OF Period ended Year ended (` in Million) MATERIALS 30th June.96 Rent 295.048.09 70. Nationalist PROCESS AND STOCK-IN-TRADE Congress Party ` 10.00 56.660.41) Exchange Rate Fluctuation 1.20 310.01 245.49 Warranty and Maintenance 1. 22.996.97 22.10 Indigenous 68.66 1.50 7.358.66 8.42 29.54 Power.26 201.39 776..08 63. 2011 Period ended Year ended CONSUMED Percentage ` in Million Percentage ` in Million 28.133.31 :RUNLQ3URFHVV 830.08 Sales Promotion Expenses 215.54 24.49 23.42 Freight and Forwarding 2.703.OIL AND GAS Total 19.. PURCHASES OF STOCK-IN-TRADE Payment to Auditors (Refer Note No.39 180.30 4. 31st Dec.30 673.16 17.1 Particulars of Materials 30th June.45 Other Raw Materials 20.09 28.430.00 Million.70 100.14 845.98 /HJDODQG3URIHVVLRQDO&KDUJHV 399.02 80.097.37 61.470.274.83 1.26 3.98 4.81 Sub-Total 4.76 )LQLVKHG*RRGVDQG6WRFNLQ7UDGH 3.82 38.59 3.5) Total 59.35 (` in Million) Rates and Taxes 228.95 Consumed 2013 2011 Other Repairs and Maintenance 73.132.22 Printed Circuit Board (All types) 12.32) (140.860. CHANGES IN INVENTORIES OF [(Includes amount paid to Bharatiya FINISHED GOODS. PRODUCTION AND EXPLORATION 2I¿FHDQG*HQHUDO([SHQVHV 1.68 819. EARNINGS PER SHARE Cess 371.342.38 25.91 12.83 Donation 89.74 Total (577.00 Million)] )LQLVKHG*RRGVDQG6WRFNLQ7UDGH 4.332.17 295.38 L.99 1.731.879.53 Plastic and Wooden Parts 10.28 Advertisement and Publicity 2.27 31.860.643.52 14. 2013 2011 Imported 31.641.00 40.00 Million (Previous Closing Inventories year Bihar Pradesh Janata Dal (United) ` 5.690.61 29.83 30.97 4.57 Provision for Doubtful Debts 91.237.774.568.82 38.13 Total 56.. 2013 31st Dec.87 8.903.34 EXPENSE .690.38 :RUNLQ3URFHVV 994. NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) 22.20 Electrical and Electronic items 59.08 Printing and Stationery 34.99 Royalty 322.792.14 Period ended Year ended Repairs to Building 9.65 783.992.501. 31st Dec.02 9.75 1.421. Janata Party ` 1.501.01 14.04 830.133. Fuel and Water 1.367.47 Insurance 100. WORK-IN.545.610.49 Production and Exploration Expenses 1.562.651.48 125.58 95.442.562.550.39 Sub-Total 5.91 50.64 Active & Passive Components 13.99 Opening Inventories Royalty 262.268.59 Directors' Sitting Fees 1.84 38. OTHER EXPENSES 30th June.41 13.27 40.66 Bank Charges 383.54 Total 100.643.

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66 54.44  1HW3UR¿W /RVV. DWWULEXWDEOH WR Equity Shareholders Production Bonus 71.

32) 5.587.007.16  /HVV 'LYLGHQG RQ 3UHIHUHQFH Shares including Tax on the same 32.812.IRUWKHSHULRGDIWHU *RYHUQPHQW6KDUHLQ3UR¿W3HWUROHXP 10.11 Insurance Expenses 42.37 tax adjustments for earlier years (716.76  1HW 3UR¿W /RVV.34 9.77 7.399.05 26.25 Total 12.668.38 39.

69 93.038.05 121.94 2. FINANCE COSTS (The effect of conversion option of Interest Expenses 25. 32A) Basic EPS 314.77 Shares considered for calculation of Other Funds (Refer Note No.86 6DODU\:DJHVDQG2WKHU%HQH¿WV 3.93 135.004 302.20 2.14 ii) Weighted Average Number of Equity Contribution to Provident Fund and 189.45 iii) Basic Earnings per Share of ` $SSOLFDEOH 1HW /RVV *DLQ.979.642. DWWULEXWDEOH WR 26.789 27.44 FCCBs is anti dilutive in nature) Other Borrowing Costs 965.789 Staff Welfare Expenses 174.004 302.308.46 Shares considered for calculation of Diluted EPS 314.683.218.359.55 Weighted Average Number of Equity Total 3.683.70) 5.308. EMPLOYEE BENEFITS EXPENSE Equity Shareholders (748.616.53 9.253.

89 each (`) (2.777.72  each (`) (2. RQ )RUHLJQ 963.148.38) 17.18 9.73 Currency Transactions Diluted Earnings per Share of ` Total 27.73 47 .38) 17.

ANNUAL REPORT 2013 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) 30. ADDITIONAL NOTES TO FINANCIAL STATEMENTS 31. As required by Accounting Standard 29 “Provisions. (` in Million) 30.. Consequently. 2011 to the Investments and Securities Division and the income/(loss) after a) Amount at the beginning of the period 632. Contingent /LDELOLWLHVDQG&RQWLQJHQW$VVHWV´LVVXHGE\7KH.73 Million (Previous Accountants of India. all the income and Period ended Year ended expenditure pertaining to investment activities have been allocated 30th June. 2013 31st Dec.82 Million) against the diminution recognised Warranty and Maintenance Expenses is as follows: in earlier years in the value of investments.QVWLWXWHRI&KDUWHUHG 30. the disclosure with respect to Provision for year charge of ` 180.15 638.51 QHWWLQJRIWKHUHODWHGH[SHQGLWXUHKDVEHHQVKRZQDV³.2 The Company has kept the investment activities separate and distinct from other businesses. there is a write back of ` 1.1 During the period.QFRPH /RVV.

24 632. dividend of period ` 1.82 ` 6.15 which includes in respect of the long term investments.89 602. interest on bonds of c) Amount used 602.63 Million).89 Million (Previous year ` 6. from Investments and Securities Division” under “Other Income” b) Additional provision made during the 653.96 Million (Previous year `0LOOLRQ.

I.3 C.26 35. 31st Dec.SUR¿WRQVDOHGLVSRVDORI investments of ` 43.05 Million (Previous year loss of ` 46. EMPLOYEE BENEFITS: 30. Expenditure and 30th June. Disclosure pursuant to Accounting Standard (AS) 15 (Revised): Earnings in Foreign Currency 2013 2011 $.24 632. Value of Imports.69 and in respect of current investments.27 Million period (Previous year ` Nil).F..15 (` in Million) Period ended Year ended 32. dividend of ` 0.29 Million) d) Unused amount reversed during the 29. e) Amount at the end of the period 653.

66 H[SHQVHDQGVKRZQXQGHUWKHKHDG³(PSOR\HH%HQH¿WV([SHQVH´ b) Expenditure incurred in Foreign 5HIHU1RWH1R. 'H¿QHG&RQWULEXWLRQ3ODQV a) C.F. Value of Imports: Raw Materials 23.I.884.27 14.56 709.77 Million) related to contribution to Provident and Other Funds are recognised as an Capital Goods (including advances) 213.74 Amount of ` 189.05 Million (Previous year ` 121.026.

LQWKH6WDWHPHQWRI3UR¿WDQG/RVV Currency: Cash Call paid to the Operator for the 284.21 (` in Million) project %.15 813.

.31 984.84 Million (Previous year `Nil) is 'H¿FLW.49 54. 30th June. Royalty 266.10 2013 2011 2013 2011 Travelling 43.838.61 2. Value of Exports 6.67 Balance Sheet as at the end of c) Other Earnings/Receipts in Foreign the period: Currency: a) 3UHVHQW YDOXH RI 'H¿QHG 223.O.67) (44.428.15 16.73 158.04 47.13 30th June.47 %HQH¿W2EOLJDWLRQ  2WKHUV 3.33 I) The amounts recognised in the Others 72.65 148.   5HLPEXUVHPHQW RI ([SHQVHV RI c) )XQGHG 6WDWXV  6XUSOXV (168. 31st Dec.34 54.B.429.06 b) Fair value of Plan Assets 55.29) ` 708.74 .67 44.39) (103.15 3.423.29 F.. 31st Dec.75) (54. 'H¿QHG%HQH¿W3ODQV Gratuity Leave Encashment Interest and Bank Charges 1.

not considered) d) 1HW$VVHWV /LDELOLW\.

27) (12.67) 30. The exact amount of dividend b) Interest Cost 22.47 10.66) (5.26) (39.12) (91. account of Dividend ii) Current (23. 31st Dec.93 5.41) (4.62) 2013 2011 The Company has paid dividend in respect II) The amounts recognised in the RI VKDUHV KHOG E\ 1RQ5HVLGHQWV RQ 6WDWHPHQW RI 3UR¿W DQG /RVV repatriation basis where the amount is also for the period: FUHGLWHGWR1RQ5HVLGHQW([WHUQDO$FFRXQW a) Current Service Cost 54.35 7.4 Remittance in Foreign Currency on 30th June.75 20.34 (NRE A/c).21 3.64 20. Period ended Year ended i) Non Current (145..57 remitted in foreign currency can not be ascertained. The total amount remittable in c) $FWXDULDO *DLQV.09) (49.

54 2.  D.45 7.52 this respect is given below: d) Actual return on Plan 7.31 .52 4.15 22./RVVHV 13.

 1XPEHURI1RQ5HVLGHQW6KDUHKROGHUV 1.93 5.49 138.24 29.217 1.40 d) $FWXDULDO *DLQV.5 Payment to Auditors 30th June.29 47.27 24. 31st Dec.47 10.35 7.878 24.01 18. 2013 2011 b) Current Service Cost 54..57 b) Tax Audit Fees 2.531.41 48.64 20.43 c) Gross Amount of Dividend (` in Million) 19.02 %HQH¿W 2EOLJDWLRQ DW WKH Period ended Year ended beginning of the period 30.75 20.50 44.556.80 1.34 a) Statutory Audit Fees 10.21 3.50 7.038 e) Total Expenses 83.372 Assets b) Number of Equity Shares held by them 38.00 c) Interest Cost 22.56 III) The changes in Obligations d) Year to which dividend relates FY 2011 )< during the period: (` in Million) a) 3UHVHQW YDOXH RI 'H¿QHG 158.

54 2./RVVHV 13.57 f) 3UHVHQW YDOXH RI 'H¿QHG 223.23 e) %HQH¿W3D\PHQWV 25.16 d) Other Services 8.52 c) Out of Pocket Expenses 0.73 37.63 21.01 14.20 %HQH¿W 2EOLJDWLRQ DW WKH end of the period 48 .45 7.29 Total 22.49 54.34 0.73 158.67 44.15 22.37 5.52 13.

on various services for the period July.29 Million) in respect of certain b) Mortality  /. The ultimate outcome of the matter cannot be d) Plan Assets at the end of 55.57 .  some of the services and believes that its position is likely c) $FWXDO%HQH¿WVSDLG 15.& .36 8.72 Million (Previous year ` 103. during the period: The Operator is contesting the SCNs/demands before a) Plan Assets at the 54.14 Million). V) Actuarial Assumptions g) Disputed Income Tax demand amounting to ` 22. 31st Dec.28 8.  presently determined and no provision for any liability that the period may result has been made in the accounts as the same is subject to agreement by the members of the Joint Venture.31 . e) Actual return on Plan 7.52 4. 30th June.29 a) Discount Rate  8% per annum Million (Previous year ` 22.74 50.  &RPPLVVLRQHURI6HUYLFH7D[DQGKDV¿OHGDSSHDOEHIRUH beginning of the period CESTAT.56 Million). 31st Dec...  to be upheld. 2013 2011 2013 2011 2012.34 54. Bangalore and also writ petition before Hon'ble High Court of Madras challenging service tax demands on b) Contribution by Employer 8.74 . NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) (` in Million) f) Show Cause Notices (SCNs) have been served on the Operator of the Ravva Oil & Gas Field Joint Venture (Ravva Gratuity Leave Encashment JV) for non payment of Service Tax and Educational Cess 30th June.19 .  Should it ultimately become payable. the Company’s share Assets as per the participating interest would be upto ` 104. 2003 to 31st March.05 . The amount involved relating to Ravva Block is ` IV) The changes in Plan Assets 418.88 Million (Previous year ` 412.

c) Turnover Rate  5% at younger ages reducing to The ultimate outcome of the matter cannot presently be 1% at older ages determined and no provision for any liability that may result d) Future Salary Increase  5% per annum has been made as the same is subject to agreement by the (` in Million) members of the Joint Venture.57 COMMITMENTS 30th June. other than for the dispute relating to Base Development advances) &RVWV ³%'&´. 1994 (”Ravva PSC”) pertaining to Ravva Oil & Gas Field which were referred Estimated amount of contract 508. The Arbitral Tribunal has issued remaining to be executed on capital D 3DUWLDO$ZDUG DQG LV VWLOO VHL]HG RI WKH PDWWHU DQG LV \HW WR LVVXH D account and not provided for (net of Final Award. 31st Dec.54 to international arbitration for resolution.8OWLPDWH payments made by Ravva Oil & Gas Field Joint Venture is currently pending before the Hon'ble High Court of Madras. CONTINGENT LIABILITIES AND As at As at interest would be upto ` 5..57 Million (Previous year ` 5. There were certain disputes with the Government of India (“GOI”) with A) Commitments respect to the Production Sharing Contract dated 28th October. 2013 2011 34. Million). Should it ultimately become payable. the Company's share as per the participating 33.19 628.

IRUZKLFKD¿QDODZDUGZDVLVVXHGRQWK-DQXDU\ B) Contingent Liabilities not substantially in favour of the Company.95 EHHQUHMHFWHG RQJURXQGVLQWHUDOLDRIMXULVGLFWLRQDQGPDLQWDLQDELOLW\. Issue relating to deductibility provided for: of ONGC Carry Costs arising out of the Partial Award was appealed by the GOI before the Malaysian Appellate Authorities which has since i) /HWWHUVRI*XDUDQWHHV 39.317.01 76.432.

44 the Federal Court of Malaysia. E\ VXFK DXWKRULWLHV DQG LV QRZ EHIRUH WKH ¿QDO DSSHOODWH DXWKRULW\ LH ii) /HWWHUVRI&UHGLWRSHQHG 61.921. Issue relating to deductibility of the BDC LQFOXGLQJ6WDQGE\/HWWHUVRI was appealed by the GOI before the Malaysian Appellate Authority &UHGLWDQG/HWWHURI&RPIRUW.92 29.216.

the Company penalties under dispute believes its contentions will be upheld.41 Million (Previous year determination of the amount by the Hon’ble Arbitral Tribunal/relevant ` 0. Based on legal advice. 7KH &RPSDQ\ DORQJZLWK  RWKHU DI¿OLDWHVHQWLWLHV FROOHFWLYHO\ dispute UHIHUUHGWRDVµ2EOLJRUV¶RULQGLYLGXDOO\DVµ%RUURZHU¶.46 447. b) Income Tax demands under 3.07 Million)] FRXUWVLQWKLVUHJDUGVKDOOEHDFFRXQWHGIRURQWKH¿QDORXWFRPHLQWKRVH matters.149. which has since been rejected by such authority and is now before the iii) Claims against the Company &RXUW RI$SSHDO DW 0DOD\VLD 3HQGLQJ ¿QDO UHVROXWLRQ RI WKH GLVSXWHV not acknowledged as debts certain amounts have been short paid by GOI Nominees which have been disputed by the Company and the Company is seeking refund of a) Custom Duty demands and 502.74 35.02 amounts excessively deducted.41 494. Any further sum required to be [Amount paid under protest paid or returnable in respect of such disputes in accordance with the ` 3.

95 610./ /LPLWHG 0LOOHQQLXP $SSOLDQFHV .034.86 . The Borrower entities are Videocon paid under protest ` 30.QGLD /LPLWHG $SSOLFRPS .QGLD.H[HFXWHG)DFLOLW\ c) Excise Duty and Service 1.$. Tax demands and penalties XQGHUWKHREOLJRUFRREOLJRUVWUXFWXUHZKHUHLQDOOWKH5XSHH7HUP/RDQV under dispute [Amount of the Obligors are pooled together.QGXVWULHV/LPLWHG9DOXH.QGXVWULHV/LPLWHG7UHQG(OHFWURQLFV/LPLWHG Million (Previous year ` 4.21 .88 Agreement with the consortium of existing domestic rupee term lenders.

QGLD.51 919.QGLD/LPLWHG d) Sales Tax demands under 1.84 (YDQV )UDVHU DQG &R . Million)] /LPLWHG 6N\$SSOLDQFHV /LPLWHG 7HFKQR (OHFWURQLFV /LPLWHG &HQWXU\ $SSOLDQFHV/LPLWHG3((OHFWURQLFV/LPLWHG1H[W5HWDLO.131.

 /LPLWHG DQG 9LGHRFRQ .153. As the Company is (Previous year ` 50.00 DFRREOLJRULWLVFRQWLQJHQWO\OLDEOHLQUHVSHFWRIWKHERUURZLQJVRIRWKHU Million)] Obligors/Borrowers to the extent of outstanding balance of Rupee Term /RDQVDVRQWK-XQHRI` 20. 49 .09 Million (Previous WKH)DFLOLW\$JUHHPHQWZKLFKLVPDLQO\IRUUH¿QDQFLQJRIH[LVWLQJ5XSHH year ` 360.54 Million have been allocated to respective Obligors based on protest ` 50.00 Million their outstanding amount as on 31st December 2011.40 Million (Previous year ` Nil).307.08 Million)] 7HUP /RDQV RI WKH 2EOLJRUV $FFRUGLQJO\ WKH 5XSHH 7HUP /RDQV RI e) Others [Amount paid under 2.64 ` 20.30 1.062.QWHUQDWLRQDO dispute (OHFWURQLFV /LPLWHG$V SHU WKH VDLG )DFLOLW\$JUHHPHQW WKH &RPSDQ\ LV DJHQW RI WKH 2EOLJRUV DQG KDV EHHQ UHIHUUHG WR DV µ2EOLJRU$JHQW¶ [Amount paid under protest 7KH5XSHH7HUP/RDQVKDYHWREHXWLOLVHGIRUWKHSXUSRVHPHQWLRQHGLQ ` 377.439.

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$SDFKH RYHUVHDVVXEVLGLDU\IURPLWVOHQGHUV7KH/R&6%/&IDFLOLW\LVVHFXUHG was the Operator with 40% interest in JV. VKDUHRIFDVKÀRZVIURPLGHQWL¿HGRLO JDVDVVHWVWKURXJKHVFURZRI B) Incorporated Jointly Controlled Entities: UHFHLYDEOHV¿UVWUDQNLQJH[FOXVLYHFKDUJHRQVSHFL¿HGEDQNDFFRXQWV IRU WKH EHQH¿W RI WKH UHOHYDQW /R&6%/& SURYLGHU H[FOXVLYH FKDUJH L. The Petroleum E\¿UVWUDQNLQJSOHGJHRIVKDUHVRI929/9++/DQGVKDUHVRI ([SORUDWLRQ 3HUPLW :$3 H[SLUHG RQ WK $XJXVW  FHUWDLQ VXEVLGLDULHV RI 9++/ FKDUJH RYHU WKHLU ¿[HG DVVHWV 9++/¶V and ceased to be inforce.

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2011 ORDQV DYDLOHG E\ 9++/ %. 2013 31st Dec. 7KH ¿QDQFLDO LQWHUHVW RI WKH &RPSDQ\ LQ WKH MRLQWO\ FRQWUROOHG created in favor of Consortium of banks (A) for the credit facility to the LQFRUSRUDWHGHQWLW\EDVHGRQ¿QDQFLDOVWDWHPHQWUHFHLYHGLVDV OEOLJRUVRQWKHDVVHWVE\ZD\RISOHGJHRIVKDUHVRIWKHVXEVLGLDULHVYL] under: 9LGHRFRQ0DXULWLXV(QHUJ\/LPLWHGDQG9LGHRFRQ0R]DPELTXH5RYXPD (` in Million) /LPLWHGZKLFKKDYHEHHQSOHGJHGWR6WDQGDUG&KDUWHUHG%DQNIRUWKH Company's share in 30th June..

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The Company has.30 4.15  $FFRUGLQJO\WKH &RPSDQ\ LVFRQWLQJHQWO\ OLDEOH LQUHVSHFWRI WKH/R& Income .  6%/&IDFLOLW\RI929/WRWKHH[WHQWRI` 69.25 4. directly and through its subsidiaries.48 Million (Previous year Expenses .933. RQ DQ\ DVVHWV RI 9LGHRFRQ Assets 6.50 Million and also given advances contribution in various Joint Ventures for next year based on of `0LOOLRQWR9LGHRFRQ7HOHFRPPXQLFDWLRQV/LPLWHG 97/. made C) The estimated amount of commitment of the Company towards investments aggregating to ` 49. Tax .  ` Nil).20 0R]DPELTXH5RYXPD/LPLWHG /LDELOLWLHV 6.  37.337.

the value on realisation of Current Assets.WKH minimum work program is ` 3. spectrum by auction thereafter. In the opinion of the Board. and the spectrum allotted to it. 41. 97/ LV FRQ¿GHQW RI PRELOL]LQJ QHFHVVDU\ UHVRXUFHV IRU FRQWLQXLQJ LWV A) List of Related Parties where control exists and related parties operations as per the business plan.96 Million). Trade Payables. WKHVHOLFHQVHHVZKLFKDOVRLQFOXGHWKH8$6OLFHQVHVJUDQWHGWR97/ 40. if any. to be credited to the The Central Government conducted the auction of spectrum in Investor Education and Protection Fund. There are no amounts due and outstanding. in the opinion of the ZLWKZKRPWUDQVDFWLRQVKDYHWDNHQSODFHDQGUHODWLRQVKLS management. Government of India (DoT) in 2008 and was also allotted spectrum 39. /RDQVDQG$GYDQFHVLQWKHRUGLQDU\FRXUVHRIWKHEXVLQHVVZRXOGQRWEH also directed the Telecom Regulatory Authority of India (TRAI) to make less than the amount at which they are stated in the Balance Sheet and fresh recommendations for grant of licenses and allocation of spectrum the provision for all known and determined liabilities is adequate and not and the Central Government to grant fresh licenses and allocation of in excess of the amount reasonably required. The Hon’ble Supreme Court of India. Accordingly. The Hon’ble Supreme Court of India. no provision is required for diminution in the value of i) Subsidiaries: DIRUHVDLGLQYHVWPHQWVDQGDGYDQFHVWR97/ D. adjustment. will not be material. in 20 circles. Services (UAS) in 21 circles by the Department of Telecommunications. The outstanding balances of certain Trade Receivables.49 Million (Previous year VXEVLGLDU\ 97/ ZDV JUDQWHG WKH OLFHQVH IRU SURYLGLQJ 8QL¿HG $FFHVV ` 239. vide its judgment 'HSRVLWV$GYDQFHVDQG2WKHU&XUUHQW$VVHWV/LDELOLWLHVDUHVXEMHFWWR dated 2nd February. 2008 and the subsequent allocation of spectrum to management.656. 1RYHPEHU97/SDUWLFLSDWHGLQWKHDXFWLRQDQGKDVEHHQGHFODUHG 42. quashed all the UAS licenses granted on or FRQ¿UPDWLRQ DQG UHFRQFLOLDWLRQ LI DQ\ +RZHYHU LQ WKH RSLQLRQ RI WKH after 10th January. Related Party Disclosures: as a successful bidder in 6 circles and has been awarded spectrum As required under Accounting Standard 18 on “Related Party LQ WKHVH FLUFOHV 97/ LV FRQWLQXLQJ LWV EXVLQHVV DV D JRLQJ FRQFHUQ 'LVFORVXUHV´WKHGLVFORVXUHRIWUDQVDFWLRQZLWKUHODWHGSDUWLHVDVGH¿QHG $V 97/ KDV KXJH DFFXPXODWHG ORVVHV LWV DELOLW\ WR FRQWLQXH DV JRLQJ in the Accounting Standard are given below: concern is dependent on its ability to fund its operating requirements. 2012.

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. 2012) $GYDQFHV/RDQVUHFHLYHG .&RPHW3RZHU3ULYDWH/LPLWHGDQGLWVVXEVLGLDULHV /RDQVUHFHLYHG (81.QGLJR (QHUJ\ 3ULYDWH /LPLWHG ZHI WK Repayment of Short Term 76.95 January.13 .69) .8QLW\3RZHU3ULYDWH/LPLWHG Short Term Advances/ 5. .

53)  *RD (QHUJ\ 3ULYDWH /LPLWHG $VVRFLDWH   XSWR VW March.07)   9LGHRFRQ 0R]DPELTXH 5RYXPD  /LPLWHG ZDV D ZKROO\ RZQHG Outstanding as at VXEVLGLDU\ RI 9LGHRFRQ +\GURFDUERQ +ROGLQJV /LPLWHG XSWR WK 30th June. It became a wholly owned subsidiary of Videocon Trade Receivables - 0DXULWLXV(QHUJ\/LPLWHGZHIWK'HFHPEHU (68. 2013) /RDQVJLYHQ (14.01 January.Q¿QLW\ .10 0.33)  5DGLXP(QHUJ\3ULYDWH/LPLWHG$VVRFLDWH Non Current Investments/ 46.30 January. 2012) (43.77 3.381.08 Share Application Money (40. 2012.QIUDVWUXFWXUH 3ULYDWH /LPLWHG  -RLQW $GYDQFHV/RDQVUHFHLYHG 9.10)  9LGHRFRQ .66) (0.87 9HQWXUH (81.06)  1RUWKZHVW (QHUJ\ 3ULYDWH /LPLWHG  $VVRFLDWH RI 3UR¿FLHQW (QHUJ\  3ULYDWH /LPLWHG   XSWR WK Short Term Advances/ 5. 2013 December.112.%9 %UDVLO 3HWUROHR /LPLWDGD   -RLQW 9HQWXUH RI 9LGHRFRQ(QHUJ\%UD]LO/LPLWHG. .915.289.440.34) ii) Associates and Joint Ventures: Trade Payables - (20. 2012) /RQJ7HUP$GYDQFHV 47.23 /RDQVJLYHQ (35.69)  .3HUFHSW (QHUJ\ 3ULYDWH /LPLWHG ZHI WK Remuneration 81.512.70) (371.

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2012)  0U6XQLO.13 Million (Previous year ` Nil). 2013) (Previous year ` 1LO. iii) Key Management Personnel: C) Material transactions with Related Parties during the period are:  0U9HQXJRSDO1'KRRW&KDLUPDQ 0DQDJLQJ'LUHFWRU i) Revenue from Operations from Videocon Telecommunications /LPLWHG` 51.80 Million on high  0U 3UDGLSNXPDU 1 'KRRW  :KROH 7LPH 'LUHFWRU XSWR seas basis).456.21 Million (Previous year ` 335.225.XPDU-DLQ6HQLRU9LFH3UHVLGHQW ii) Other Income received from Videocon Hydrocarbon Holdings /LPLWHG` 2. 14th August.  0U-DLGHHS55DWKRUH6HQLRU9LFH3UHVLGHQW XSWRVW 9LGHRFRQ +\GURFDUERQ +ROGLQJV /LPLWHG ` 695.27 Million (Previous year ` Nil).24 Million March.  0U6KHNKDU-\RWL9LFH3UHVLGHQW  0U&KDQGUDPDQL06LQJK9LFH3UHVLGHQW iii) Reimbursement of Expenses from Videocon International (OHFWURQLFV /LPLWHG ` 4.

11 Million (Previous year ` Nil).RWQLV9LFH3UHVLGHQW ` 741. DQG 9LGHRFRQ 2LO 9HQWXUHV /LPLWHG  0U$EKLMLW.  0U$UXQ3DO9LFH3UHVLGHQW iv) Subscription to Shares of Videocon International Electronics %.

The Board considers such ` 3.264.55 Million (Previous year ` 1LO.000. 7UDQVDFWLRQVRXWVWDQGLQJEDODQFHVZLWK5HODWHG3DUWLHV /LPLWHG ` 10.00 Million (Previous year ` Nil). Videocon The Company has entered into transactions with certain related 7HOHFRPPXQLFDWLRQV /LPLWHG QHW RI 6KDUH $SSOLFDWLRQ 0RQH\ parties during the period as listed below.

QVXUDQFH &RPSDQ\ /LPLWHG ` 2. DQG /LEHUW\ 9LGHRFRQ transactions to be in normal course of business: *HQHUDO .749.10 Million). Refund of Share Application Money from (` in Million) 9LGHRFRQ 2LO 9HQWXUHV /LPLWHG ` 9.00 Million (Previous Subsidiary $VVRFLDWHV Key year ` 1LO.90 (Previous year ` 49.000.

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444.QWHUQDWLRQDO Nature of Transactions (OHFWURQLFV/LPLWHG` 19. /RQJ 7HUP $GYDQFHV/RDQV *LYHQ WR 9LGHRFRQ .21 0LOOLRQ.64 Revenue from Operations 51.13 Million (Previous year 2.103.

75) (Previous year ` 5.278.713. DQG 9LGHRFRQ 2LO 9HQWXUHV /LPLWHG ` 9.296.01 Million (424.22 Million).25 YL. Other Income 2.

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380. +ROGLQJV /LPLWHG ` 2.92 Million Services (89.75) (Previous year ` Nil). &KKDWWLVJDUK3RZHU9HQWXUHV3ULYDWH/LPLWHG` 536. 51 .65 Million (Previous year ` Nil) and Purchase of Goods/ .

ANNUAL REPORT 2013 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued) YLL.

31st Dec. As at As at Name of the Company 30th June..97 Million (Previous year ` Nil). YLLL.415. /RQJ 7HUP $GYDQFHV/RDQ 5HFHLYHG EDFN IURP 9LGHRFRQ (` in Million) 7HOHFRPPXQLFDWLRQV/LPLWHG` 16.

 6KRUW 7HUP $GYDQFHV/RDQ 5HFHLYHG EDFN IURP 9LGHRFRQ 2013 2011 *OREDO /LPLWHG ` 9.993.340.50 Million (Previous 9LGHRFRQ(QHUJ\/LPLWHG Subsidiary 0.01  year ` Nil). Emerald Corporate Ventures Subsidiary .30 Million (Previous years ` Nil) and 9LGHRFRQ(QHUJ\%UD]LO/LPLWHG Subsidiary 4. 1.340.50 L[.08  9LGHRFRQ(QHUJ\9HQWXUHV/LPLWHG` 1.

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49 Million (Previous (formerly Videocon Energy year `1LO. *HQHUDO .QVXUDQFH &RPSDQ\ /LPLWHG ` 3.

64 Million (Previous 9HQWXUHV/LPLWHG.DQG9LGHRFRQ*OREDO/LPLWHG` 1.

9. 9LGHRFRQ*OREDO/LPLWHG Subsidiary .993.31 [. year ` Nil).

380.96 Million (Previous year /LPLWHG ` 1LO. 5HSD\PHQW RI 6KRUW 7HUP $GYDQFHV/RDQV 5HFHLYHG IURP Videocon Hydrocarbon Holdings Subsidiary 2.65  3UR¿FLHQW(QHUJ\3ULYDWH/LPLWHG` 62.

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Loans and Advances in the nature of Loans given to Subsidiaries /LPLWHG and Associates.71 SUREDEOHEDVLV DVSHU2SHUDWRU¶VHVWLPDWHV.74 17.83 12.09  43. etc.198.17  Million (Previous year ` Nil).51 i) Long Term Loans and Advances: 9LGHRFRQ.719.75 2. /LPLWHG ` 13.55 0.65 44. 2013 2011 b) Investment by the loanee in the shares of the Company: Videocon International Subsidiary 31.QIUDVWUXFWXUH Joint 2.70 None of the loanees have made investments in the shares of the (OHFWURQLFV/LPLWHG Company. *RD(QHUJ\3ULYDWH/LPLWHG Associate .66 5.99 Videocon Indonesia Nunukan Subsidiary 1. /LPLWHG 9LGHRFRQ0R]DPELTXH5RYXPD Subsidiary 6.296. no repayment schedule and are repayable on demand.Q¿QLW\. 9LGHRFRQ2LO9HQWXUHV/LPLWHG Subsidiary 15. 368.009.616.07 a) Loans and Advances in the nature of Loans: 5DGLXP(QHUJ\3ULYDWH/LPLWHG Associate 0.75 3ULYDWH/LPLWHG Venture (` in Million)   /RDQV DQG$GYDQFHV VKRZQ DERYH WR VXEVLGLDULHV IDOO XQGHU WKH As at As at FDWHJRU\RIµ/RDQVDQG$GYDQFHV¶LQQDWXUHRI/RDQVZKHUHWKHUHLV Name of the Company 30th June. 31st Dec. Share of the Company in remaining reserves on proved and Videocon Telecommunications Subsidiary 782..

0. the 3ULYDWH/LPLWHG whole outstanding amount of term loans or a part not exceeding 20% &RPHW3RZHU3ULYDWH/LPLWHG Subsidiary 0. 14. 0. 0.82  EHHQUHFODVVL¿HGUHVWDWHGUHFDVWHGWRFRQIRUPWRWKHFODVVL¿FDWLRQRI 6KHQ]KHQ. 7KHVH¿QDQFLDOVWDWHPHQWVKDYHEHHQSUHSDUHGLQWKHIRUPDWSUHVFULEHG E\WKH5HYLVHG6FKHGXOH9.01 0. 2011 As at As at Name of the Company 30th June. into fully paid up Equity Shares of the Company at par on default in payments/repayments of Datacom Telecommunications Subsidiary 0. 3HUFHSW(QHUJ\3ULYDWH/LPLWHG Subsidiary 1. Crude Oil Million Metric Tonnes 0. a) The Financial Institutions have a right to convert.93 Natural Gas Million Cubic Metres 187..0004 three consecutive installments of principal and/or interest thereon or on 3ULYDWH/LPLWHG mismanagement of the affairs of the Company.WRWKH&RPSDQLHV$FW7KH¿JXUHVIRU /LPLWHG the current period are for a period of 18 months as against 12 months in 8QLW\3RZHU3ULYDWH/LPLWHG Subsidiary .61 on default in payment of dividend or a default in redemption of .LQ5DYYD2LO *DV¿HOG /LPLWHG (Unincorporated) Joint Venture. /LPLWHG Senior Consulting Private Subsidiary .550.37 409. being ii) Short Term Loans and Advances: technical evaluation/matter.99 as per Accounting Standard (AS) 21 and accordingly the segment Prosperous Energy Private Subsidiary 417.QGLJR(QHUJ\3ULYDWH/LPLWHG Subsidiary 0..509.03  46. the Jumbo Techno Services Private Subsidiary . 2013 31st Dec.42 LQIRUPDWLRQDVSHU$6³6HJPHQW5HSRUWLQJ´KDVEHHQSUHVHQWHGLQ the Consolidated Financial Statements. 31st Dec. (` in Million) As at As at Particulars Unit of measurement 30th June.85 1.53 2013 2011 $SSOLHG(QHUJ\3ULYDWH/LPLWHG Subsidiary 114. whichever is lower.29 Chhattisgarh Power Ventures Subsidiary 1.QVXUDQFH&RPSDQ\/LPLWHG Preference Shares or any combination thereof. relied upon by the auditors.01 47. .002 SUHYLRXV\HDUDQGKHQFHDUHQRWFRPSDUDEOH3UHYLRXV\HDU¿JXUHVKDYH Videocon Electronics Subsidiary 5.53 972.61 45.84 240.17 7.475.41 0. into /LPLWHG fully paid up Equity Shares of the Company as per SEBI guidelines.42 1.01 whole or a part of outstanding amount of Preference Shares. at their option.01  b) The Financial Institutions have a right to convert at their option.31 of defaulted amount of loan. /LEHUW\9LGHRFRQ*HQHUDO Subsidiary . The Company has prepared the Consolidated Financial Statements 3LSDYDY(QHUJ\3ULYDWH/LPLWHG Subsidiary 1.

N. KADAM VINOD KUMAR BOHRA S. DHOOT &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDLUPDQDQG0DQDJLQJ'LUHFWRU SHIVRATAN AGARWAL U./LPLWHG the current period. 31055 Place : Mumbai Date : 29th November. For KADAM & CO. As per our report of even date For and on behalf of the Board For KHANDELWAL JAIN & CO. 104180 Membership No. S. PADMANABHAN 3DUWQHU 3DUWQHU &RPSDQ\6HFUHWDU\ 'LUHFWRU Membership No. 2013 52 . V.

The Board of Directors VIDEOCON INDUSTRIES LIMITED 1.QGLD7KHVH6WDQGDUGVUHTXLUHWKDWZHSODQDQGSHUIRUPWKHDXGLW WRREWDLQUHDVRQDEOHDVVXUDQFHZKHWKHUWKH¿QDQFLDOVWDWHPHQWVDUHSUHSDUHGLQDOOPDWHULDOUHVSHFWVLQDFFRUGDQFHZLWKDQLGHQWL¿HG¿QDQFLDOUHSRUWLQJ IUDPHZRUNDQGDUHIUHHRIPDWHULDOPLVVWDWHPHQW$QDXGLWLQFOXGHVH[DPLQLQJRQDWHVWEDVLVHYLGHQFHVXSSRUWLQJWKHDPRXQWVDQGGLVFORVXUHVLQ WKH¿QDQFLDOVWDWHPHQWV$QDXGLWDOVRLQFOXGHVDVVHVVLQJWKHDFFRXQWLQJSULQFLSOHVXVHGDQGVLJQL¿FDQWHVWLPDWHVPDGHE\PDQDJHPHQWDVZHOODV HYDOXDWLQJWKHRYHUDOO&RQVROLGDWHG)LQDQFLDO6WDWHPHQWVSUHVHQWDWLRQ:HEHOLHYHWKDWRXUDXGLWSURYLGHVDUHDVRQDEOHEDVLVIRURXURSLQLRQ  D. AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS To. We have audited the attached Consolidated Balance Sheet of Videocon Industries Limited (the Company) and its subsidiaries. associates and joint YHQWXUHVDVDWWK-XQH&RQVROLGDWHG6WDWHPHQWRI3UR¿WDQG/RVVDQGWKH&RQVROLGDWHG&DVK)ORZ6WDWHPHQWIRUWKHPRQWKVSHULRGHQGHG RQWKDWGDWHDQQH[HGWKHUHWR7KHVH&RQVROLGDWHG)LQDQFLDO6WDWHPHQWVDUHWKHUHVSRQVLELOLW\RIWKH&RPSDQ\¶VPDQDJHPHQWDQGKDYHEHHQSUHSDUHG E\WKHPRQWKHEDVLVRIVHSDUDWH¿QDQFLDOVWDWHPHQWVDQGRWKHU¿QDQFLDOLQIRUPDWLRQUHJDUGLQJFRPSRQHQWV2XUUHVSRQVLELOLW\LVWRH[SUHVVDQRSLQLRQ RQWKHVH&RQVROLGDWHG)LQDQFLDO6WDWHPHQWVEDVHGRQRXUDXGLW  :HFRQGXFWHGRXUDXGLWLQDFFRUGDQFHZLWK$XGLWLQJ6WDQGDUGVJHQHUDOO\DFFHSWHGLQ.

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LVWUDQVIHUUHGWR3UH2SHUDWLYH([SHQGLWXUH3HQGLQJ$OORFDWLRQ    NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) .

530. PENDING ALLOCATION 2013 2011 2013 2011 Capital Advances 13. LONG TERM LOANS AND ADVANCES As at As at 12.11 a) Deferred Tax Assets In Bonds 50.80 - L.26 Balance as per last Balance Sheet 2. PRE-OPERATIVE EXPENDITURE 30th June.80 15.260.Others 13.60 1.Net In Units of Mutual Funds 48.17 Add: Incurred during the period/year 679.705.20 832.322.89 2.84 Total 43.08 1. 31st Dec.165.52 208.766.165.38 128. (Unsecured.51 Security/Other Deposits 468..017.828. CURRENT INVESTMENTS UNQUOTED . considered good) 30th June. DEFERRED TAX ASEETS/(LIABILITY) .606.10 Balance with Central Excise/Customs 2.65 2.413.14 43.14 MAT Credit Entitlement 7.69 1.049.61 /HVV7UDQVIHUWR6WDWHPHQWRI3UR¿WDQG 817.63 113..20 16.935.844.03 37.14 of Fixed Assets/Capital Work-in Department Progress/Capital Advances Loans and Advances to Others 26. 31st Dec.ANNUAL REPORT 2013 NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) (` in Million) (` in Million) As at As at 15.63 Advance Income Tax (Net of Provision) 470.83 Loss Total 1.489.51 - Less: Expenditure apportioned over cost 421.66 18.12 2.

02 In Government or Trust Securities 433.374.77 - Raw Materials including Consumables.51 Sim Card 32.13 Crude Oil 103. 1961 17.431.62 (a) 27.656.374.27 - deduction in future years under the Total 632.79 459.875.295.41 (b) 9.13 7.41 13.90 - statements but allowable as .897. Videocon Telecommunications Limited (VTL) has 18.92 Materials in Transit and in Bonded 2.299.66 Country) Stores and Spares iv) Others 192.85 Amortisation on Fixed Assets 9.560.47 523.94 13.19) Total 21. TRADE RECEIVABLES (Unsecured) evaluated its future taxable income after it has been awarded the Outstanding for a period exceeding six 8QL¿HG/LFHQVHV $FFHVVVHUYLFHV.11 64.13 Drilling and Production Materials 266.39 Related to Depreciation and Finished Goods and Stock in Trade 4. INVENTORIES ii) Unabsorbed Depreciation/Carried 13.11 Income Tax Act.80 - Forward Losses $VWDNHQYDOXHGDQGFHUWL¿HGE\WKH Management) iii) Tax Credit Entitlement (Foreign 13.94 Warehouse b) Deferred Tax Liability Work-in-Process 994.583.328.22 247.97 Net Deferred Tax Assets/(Liability) (a-b) 17.02 60.1 The Subsidiary.172.800.90 3.49 208.527.351.875.53 2.82 20. 13.34 (7.Q&HUWL¿FDWHRI'HSRVLWV 99.925.04 830. ([SHQVHV FKDUJHG LQ WKH ¿QDQFLDO 346.13 7.17 78.

06 Others Sub-Total 2. CASH AND BANK BALANCES Cash and Cash Equivalents (` in Million) Cash on hand 18.41 338.47 14.40 certainty. 1.Trade 38.38 0.Maturity 12 months or less 3.84 27.86 1.00 PENDING ALLOTMENT Sub-Total 6.05 QUOTED .07 Total 9.00 5.452.57 Total 7.36 1.13 5.020.96 SHARE APPLICATION MONEY .255. Accordingly.04 50.407.50 ii) In Equity Shares (Fully Paid-up) . 31st Dec..94 28.93 259.63 As at As at Cheques/Drafts on hand/in transit 0.Maturity more than 12 months 1.330.281.41 338.722.153.76 417.12 12.44 28.81 in subscribers base and considering additional capital infusion into Less: Provision for Doubtful Debts 316.875. 5.031.48 Million on the unabsorbed depreciation and business losses.718. NON-CURRENT INVESTMENTS 30th June.000.53 i) In Equity Shares (Fully Paid-up) .449. The management is of the opinion that there is a virtual Considered Doubtful 316.77 v) In Other Investments 48.10 251.26 3.583.99 6.20 i) In Equity Shares (Fully paid-up) . based on the future business plan.97 10.267.35 UNQUOTED Other Bank Balances In Dividend Warrant Accounts 10. VTL Total 29.41 6 circles.554.40 the Company which would restrict further borrowings and related 715.42 Trade In Earmarked Accounts 750.51 589.548. 176.53 In Fixed Deposits earmarked towards Site 624.000. 2013 2011 Balances with Banks . 19.908.In Fixed Deposits having maturity of 3 430.344. estimated increase 1.93 167.10 251.84 months or less ii) In Equity Shares (Fully paid-up) .In Current Accounts 2.433.11 has recognized net deferred tax assets of `11.41 FRVWVWKDWVXI¿FLHQWIXWXUHWD[DEOHLQFRPHZLOOEHDYDLODEOHDJDLQVW Others .004.67 3.14 279.38 In Fixed Deposits (held as margin money for credit facilities) iv) In Debentures/Bonds 4.54 .Considered Good 28.053.632.901.761.63 0.50 11.45 0.70 which the deferred tax assets can be realized.74 1.92 68 . 530.LQFLUFOHVZLWKHIIHFWIURPWK months February 2013 which are valid for a period of 20 years and also been allotted 5Mhz spectrum in 1800 Mhz category in each of these Considered Good 715.30 .911.81 Others Restoration iii) In Preference Shares (Fully paid-up) 1.

934.136.20 310.875.602.40 Applicable Net Loss/(Gain) on Foreign 977.081. 0. Liquidated Damages 1.25 23.30 - PROCESS AND STOCK-IN-TRADE Sim Cost 44.013.40 24.53 136.554.39 27.39 Other Operating Revenue 396.861.774. NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) (` in Million) (` in Million) As at As at Period ended Year ended 20.58 Interest Income 5.26 42. 31st Dec.86 32.62) .145.70 1.74 Donation 89.007. EMPLOYEE BENEFITS EXPENSE Sale of Products/Services 193.38 Loans and Advances to Related Parties 0.77 Insurance Claim Received 34.36 3.37 Loans and Advances to Others 155.58 Other Receivables 332.45 10.16 Total 157.07 20.47 417.91 743.002.74 Income from Other Services 89.71 193. FINANCE COSTS Electrical and Electronic items 167.99 Department Royalty 322.54 Bank Charges 386..716.012. 29.708.60 127.381.752.00 15.480.46 78.78 Division Advertisement and Publicity 2.Premium (4. LICENSE FEES 21.11 Exchange Rate Fluctuation 5.71 Rent 3.48 502.59 Other Value Added Services Charges 96.01 245.72 123.982.692. WORK-IN.207.71 License Fees and WPC Charges 352.75 4.48 383.615. OTHER INCOME Repairs to Building 25.07 Staff Welfare Expenses 232. OTHER CURRENT ASSETS AND NETWORK EXPENSES Interest Accrued 620.54 Directors' Sitting Fees 2.59 132.11 16.76 26.12 160.238.75 38.71 136.23 2I¿FHDQG*HQHUDO([SHQVHV 2.19 860. 31st Dec. Port and Bandwidth Charges 986. OTHER EXPENSES Earned (Net) Power.932.903.73 Loss on Sale/Discard of Assets.1 Particulars of Sale of Products/ Total 5. 180.21) (137.26 6.89 515.14 1. SHORT TERM LOANS AND ADVANCES 25.16 Interest Expenses 38.21 63.44 Contribution to Provident Fund and Other 255.09 3.812.26 Total 954.05 26.35 Funds (Refer Note No.505.74 11.08 1.269.62 3.71 Access and Roaming Charges 3.62 234. 32A) Total 194.13 193.675.38 Sales Promotion Expenses 215.64 14. Capital 3.58 Production Bonus 71.Others 190.40 Cess 371.39 776.432.07 114.23 Total 8.55 125.961.689.09 Repairs to Plant and Machinery 91.77 1.04 830.845.36 Business Work-in-Process 994.122.375.68 Insurance Expenses 42.00 246.04 1.96 4.73 - Telecommunication Services 6.40 677.65 783.23 written off) IT Expenses 177.259.73 130.11 Production and Exploration Expenses 14. ACCESS CHARGES.71 136.28 Freight and Forwarding 2.314.Managed Services 60.052.65 - Period ended Year ended Repairs and Maintenance.74 94.62 Work-in-Progress including Pre-Operative Work-in-Process 830. 2013 2011 Total 9. CHANGES IN INVENTORIES OF Legal and Professional Charges 452. (Unsecured.22 178.25 Currency Transactions Electrical Energy (Power) 688..275.39 Royalty 262.53 347.76 Printing and Stationery 42.587.95 1.64 Other Borrowing Costs 1.098.385.27 5. REVENUE FROM OPERATIONS 30th June.75 Warranty and Maintenance 1.23 Total 40.46 Payment to Auditors' 29.830.725.90 - Finished Goods and Stock-in-Trade 3.92 3.42 Deposits 223.66 54.91 50.59 Total (578.09 Power and Fuel 1.77 Total 26.43 213.266.861.499.46 897.221.05 909.691.24 1.71 69 .949.39 180.88 3.66 3.07 181. 31st Dec.700.65 Insurance Claim Receivable 1.442.49 Expenditure pending Capitalisation Sub-Total 4.40 FINISHED GOODS.57 115.60 Income from Investments and Securities 17. 41) *RYHUQPHQW6KDUHLQ3UR¿W3HWUROHXP 10.57 Rent.54 368.08 Leased Line.Site Buildings 17.81 943.28 6DODU\:DJHVDQG2WKHU%HQH¿WV 5.48 Crude Oil and Natural Gas 19.813.088.64) Total 28. PRODUCTION AND EXPLORATION 30th June.13 532. Rates and Taxes 686.95 Other Repairs and Maintenance 225.91 4.315.88 98.175.44 (Refer Note No.11 3UR¿WRQ6DOHRI)L[HG$VVHWV .88 Insurance Business .77 7.25 Services 28.04 Discount and Incentive Schemes 7.777.34 11.73 17.34 9.95 15.692..691.332.132.37 100. 30th June.12 22.10 (` in Million) Freight and Carriage Expenses 4.00 - Finished Goods and Stock-in-Trade 4.39 Network Expenses.OIL AND GAS 2013 2011 2013 2011 Balance with Central Excise/Customs 937.01 Site Expenses.77 Insurance 114.563. considered good) EXPENSE .89 Sub-Total 5.570.98 Customer Service Cost 190.63 Other Non Operating Income 3.226.34 22.81 Opening Inventories Provision for Doubtful Debts 179.109.34 1.68 819.12 Preliminary Expenses (to the extent not .66 Closing Inventories Claim and Commission related to Insurance 4. Fuel and Water 1.752.

ANNUAL REPORT 2013 NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 30.83 Million (Previous year ` Nil) and Excess Provision of Income Tax for earlier years written back ` 162. Deferred Tax Credit ` 11. EARNINGS PER SHARE 30th June. 2013 31st Dec.29 Million (Previous year Short Provision of Income Tax ` 57.985.87 Million). Tax Credit Entitlement (Foreign Company) of ` 11.304. 2011 L.80 Million (Previous year ` 1.76 Million (Previous year Debit of ` 602.844.00 Million).44 Million).987. (` in Million) Period ended Year ended 31.. TAX EXPENSES Income Tax Expense includes Current Income Tax of ` 11.

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IRUWKHSHULRGDIWHUWD[DGMXVWPHQWVIRUHDUOLHU\HDUV (28.38 39.19) (13.261.66) Less: Dividend on Preference Shares including Tax on the same 32.25  1HW3UR¿W /RVV.637.

683.004 302.DWWULEXWDEOHWR(TXLW\6KDUHKROGHUV (28.24) 32.789 (The effect of conversion option of FCCBs is anti dilutive in nature) iii) Basic Earnings per Share of ` 10/.683.676.789 Weighted Average Number of Equity Shares considered for calculation of Diluted EPS 314.57) (13.91) (45.24) Diluted Earnings per Share of ` 10/.91) ii) Weighted Average Number of Equity Shares considered for calculation of Basic EPS 314.308. EMPLOYEE BENEFITS: Disclosure pursuant to Accounting Standard (AS) 15 (Revised): $.91) (45.each (`) (89.each (`) (89.308.293.004 302.

39 Million) related to contribution to Provident and Other Funds are recognised as an expense and VKRZQXQGHUWKHKHDG³(PSOR\HH%HQH¿WV([SHQVH´ 5HIHU1RWH1R. 'H¿QHG&RQWULEXWLRQ3ODQV Amount of ` 255.07 Million (Previous year ` 181.

.LQWKH&RQVROLGDWHG6WDWHPHQWRI3UR¿WDQG/RVV (` in Million) B) 'H¿QHG%HQH¿W3ODQV Gratuity Leave Encashment 30th June. 31st Dec.01 67.36 b) Fair value of Plan Assets 55.34 54. 31st Dec. 2011 30th June. 2011 2013 2013 I) The amounts recognised in the Balance Sheet as at the end of the period: a) 3UHVHQWYDOXHRI'H¿QHG%HQH¿W2EOLJDWLRQ 253.. - c) )XQGHG6WDWXV6XUSOXV 'H¿FLW.74 .24 193.87 67.

14 g) 3UHVHQWYDOXHRI'H¿QHG%HQH¿W2EOLJDWLRQDWWKHHQG 253.36 of the period IV) The changes in Plan Assets during the period: a) Plan Assets at the beginning of the period 54.07 12.36 64.31 21.28 8.36 8.59 d) Past Service Cost .31 .87) (67.57 .74 50. 5% per annum 70 .62) (106.39 11.87 26. . - c) $FWXDO%HQH¿WVSDLG 15.91) (9. - V) Actuarial Assumptions a) Discount Rate .07 12.01 67.19 . LIC (1994-96) Ultimate c) Turnover Rate .52 4. - b) Contribution by Employer 8.27) (49.03 32.34 54.31 21. - f) Total Expenses 108.47 7.31 .39 11. 0.84) II) 7KHDPRXQWVUHFRJQLVHGLQWKH6WDWHPHQWRI3UR¿WDQG/RVV for the period: a) Current Service Cost 70.34 55.24 193.06 37.09 60.62 4.06 37.96 c) Actuarial (Gains)/Losses 19. 5% at younger ages reducing to 1% at older ages d) Future Salary Increase .90) (138.59 e) Past Service Cost .47 7.52 4.28) (31. (197.38 29.16 III) The changes in Obligations during the period: a) 3UHVHQWYDOXHRI'H¿QHG%HQH¿W2EOLJDWLRQDWWKH 193. 8% per annum b) Mortality .96 d) Actuarial (Gains)/Losses 19.36) d) Net Assets/(Liability) i) Non Current (161.60) (17. 0.05 . - d) Plan Assets at the end of the period 55.34 beginning of the period b) Current Service Cost 70.48 14.48 14.54 35.52 18.61 c) Interest Cost 26.27) (67.87 26.36) (58.52 18.52) ii) Current (36.62 4.87 67.01 157.78 67.61 b) Interest Cost 26.01 - f) %HQH¿W3D\PHQWV 55. .74 . - e) Actual return on Plan Assets 7.01 - e) Actual return on Plan Assets 7.42 55.

07 Million)] b) Income Tax demands under dispute 3.315.61 ii) Letters of Credit opened (including Standby Letters of Credit) 21.86 Million (Previous year ` 4.20 29.72 Million (Previous year ` 103.655.88 Million (Previous year ` 412.00 Million)] f) Show Cause Notices (SCNs) have been served on the Operator of the Ravva Oil & Gas Field Joint Venture (Ravva JV) for non payment of Service Tax and Educational Cess on various services for the period July 2003 to 31st March.56 Million). g) Disputed Income Tax demand amounting to ` 22.51 29. 2013 31st Dec.88 [Amount paid under protest ` 30.51 919.21 Million)] d) Sales Tax demands under dispute 1.29 Million (Previous year ` 22. 2012.14 Million). 2011 A) Commitments Estimated amount of contract remaining to be executed on capital account 591.72 and not provided for (net of advances) B) Contingent Liabilities not provided for: i) Letters of Guarantees 39. 7KH2SHUDWRULVFRQWHVWLQJWKH6&1VGHPDQGVEHIRUH&RPPLVVLRQHURI6HUYLFH7D[DQGKDV¿OHGDSSHDOEHIRUH&(67$7%DQJDORUHDQGDOVR writ petition before Hon’ble High Court of Madras challenging service tax demands on some of the services and believes that its position is likely to be upheld.034. the Company’s share as per the participating interest would be upto ` 5.149. The ultimate outcome of the matter cannot be presently determined and no provision for any liability that may result has EHHQPDGHLQWKHDFFRXQWVDVWKHVDPHLVVXEMHFWWRDJUHHPHQWE\WKHPHPEHUVRIWKH-RLQW9HQWXUH6KRXOGLWXOWLPDWHO\EHFRPHSD\DEOHWKH Company’s share as per the participating interest would be upto ` 104.41 494. CONTINGENT LIABILITIES AND COMMITMENTS As at As at 30th June. There wHUHFHUWDLQGLVSXWHVZLWKWKH*RYHUQPHQWRI.44 iii) Claims against the Company not acknowledged as debts a) Custom Duty demands and penalties under dispute 502.´.02 [Amount paid under protest ` 3. 34. NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) (` in Million) 33..QGLD ³*2.95 1.693.966.00 Million (Previous year ` 50.56 49.46 447. The ultimate outcome of the matter cannot presently be GHWHUPLQHGDQGQRSURYLVLRQIRUDQ\OLDELOLW\WKDWPD\UHVXOWKDVEHHQPDGHDVWKHVDPHLVVXEMHFWWRDJUHHPHQWE\WKHPHPEHUVRIWKH-RLQW Venture.95 610.131.84 [Amount paid under protest ` 377.41 Million (Previous year ` 0.57 Million).29 Million) in respect of certain payments made by Ravva Oil & Gas Field Joint Venture is currently pending before the Hon’ble High Court of Madras.921.062.09 Million (Previous year ` 360.57 Million (Previous year ` 5.08 Million)] e) Others 4.668.64 [Amount paid under protest ` 50.74 c) Excise Duty and Service Tax demands and penalties under dispute 1. Should it ultimately become payable. The amount involved relating to Ravva Block is ` 418.

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The Arbitral Tribunal has issued a Partial Award and is still VHL]HGRIWKHPDWWHUDQGLV\HWWRLVVXHD)LQDO$ZDUGRWKHUWKDQIRUWKHGLVSXWHUHODWLQJWR%DVH'HYHORSPHQW&RVWV ³%'&´. pertaining to Ravva Oil & Gas Field which were referred to international arbitration for resolution.

Issue relating to deductibility of ONGC Carry Costs arising out of the Partial Award was appealed E\WKH*2.IRUZKLFKD¿QDODZDUGZDVLVVXHG on 18th January. 2011 substantially in favour of the Company.EHIRUHWKH0DOD\VLDQ$SSHOODWH$XWKRULWLHVZKLFKKDVVLQFHEHHQUHMHFWHG RQJURXQGVinter-aliaRIMXULVGLFWLRQDQGPDLQWDLQDELOLW\.

Any further sum required to be paid or returnable in respect of such disputes in accordance with the determination of the amount by the Hon’ble Arbitral Tribunal/relevant courts in this regard shall be accounted for on the ¿QDORXWFRPHLQWKRVHPDWWHUV 35.VVXHUHODWLQJWRGHGXFWLELOLW\RIWKH%'&ZDVDSSHDOHGE\WKH*2. 9LGHRFRQ7HOHFRPPXQLFDWLRQV /LPLWHG 97/.EHIRUHWKH 0DOD\VLDQ$SSHOODWH$XWKRULW\ZKLFKKDVVLQFHEHHQUHMHFWHGE\VXFKDXWKRULW\DQGLVQRZEHIRUHWKH&RXUWRI$SSHDODW0DOD\VLD3HQGLQJ¿QDOUHVROXWLRQRIWKH disputes. the Company believes its contentions will be upheld. Based on legal advice.E\VXFKDXWKRULWLHV DQGLVQRZEHIRUHWKH¿QDODSSHOODWHDXWKRULW\LHWKH)HGHUDO&RXUWRI0DOD\VLD. certain amounts have been short paid by GOI Nominees which have been disputed by the Company and the Company is seeking refund of amounts excessively deducted.

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QGLDZLWKHIIHFWIURPWK-DQXDU\ZKLFKZHUHYDOLGIRUDSHULRGRI\HDUV97/KDGDOVR been allocated spectrum in 20 circles and had launched its commercial operations in 17 circles.  7KH+RQ¶EOH6XSUHPH&RXUWRI.LQWHOHFRPFLUFOHVLQ.QGLDYLGHLWVRUGHUDQGMXGJPHQWGDWHGQG)HEUXDU\ ³-XGJPHQW´.

f.036. 2008 pursuant to two press releases issued on 10th January. During the period. The ability of VTL to continue as a JRLQJFRQFHUQLVVXEVWDQWLDOO\GHSHQGHQWRQLWVDELOLW\WRIXQGLWVRSHUDWLQJDQGFDSLWDOH[SHQGLWXUHUHTXLUHPHQWV7KHPDQDJHPHQWRI97/LVFRQ¿GHQWRI PRELOL]LQJWKHQHFHVVDU\UHVRXUFHVIRUFRQWLQXLQJLWVRSHUDWLRQVDVSHUWKHEXVLQHVVSODQ$FFRUGLQJO\WKH¿QDQFLDOVWDWHPHQWVKDYHEHHQSUHSDUHGE\ VTL on a going concern basis. 2013 which are valid for a period of 20 years. VTL has further issued and allotted share capital whereby the net worth has become positive as on 30th June. 16th February.50 Million for 20 out of the 21 circles (all the circles except Delhi) DOORWWHGWR97/RQDFFRXQWRIGHOD\LQPHHWLQJUROORXWREOLJDWLRQVDVVWLSXODWHGLQWKH8QL¿HG$FFHVV6HUYLFH/LFHQVH µ8$6/¶. 2013. The Hon’ble Supreme Court of India vide its Judgment had also directed the Central Government to grant fresh UAS licenses and spectrum allocation by DXFWLRQ7KH'R7KDGLVVXHGD1RWLFHLQYLWLQJDSSOLFDWLRQVIRUDXFWLRQRIVSHFWUXP97/SDUWLFLSDWHGLQWKHVDLGDXFWLRQDQGKDVEHHQDZDUGHGWKH8QL¿HG Licenses (Access Services) for 6 circles w. The DoT had issued demand notices for Liquidated Damages aggregating to ` 534.e.14 Million resulting into accumulated losses of ` 40.344.93 Million as at 30th June. 36.LQWZRVHSDUDWHZULWSHWLWLRQVTXDVKHGWKH8$6 licenses granted on or after 10th January. VTL is continuing its commercial operations. 2008 and the subsequent allocation of spectrum to licensees which included the 21 UAS licenses issued and allocation of spectrum to the VTL. VTL has incurred a net loss of ` 12. 2013. VTL has also been allotted spectrum in these 6 circles.

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30 Million of which it has charged `0LOOLRQWRWKH6WDWHPHQWRI3UR¿WDQG/RVVIRUWKH\HDUHQGHGVW'HFHPEHUDQGWKHUHPDLQLQJDPRXQWRI` 249.80 Million KDVEHHQVKRZQXQGHU/RDQVDQG$GYDQFHVDVWKHVDPHDUHGLVSXWHGDQGSDLGµXQGHUSURWHVW¶ 71 .$JDLQVWWKHVHGHPDQGQRWLFHV97/KDVSDLGDWRWDOVXPRI` 419.

Unincorporated Joint Ventures: 7ULEXQDO µ7'6$7¶.ANNUAL REPORT 2013 NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) a) VTL challenged before the Telecom Dispute Settlement Appellate B.

Jammu & Kashmir. Assam. Uttar Pradesh Contract (PSC).e. Other members of the JV are Oil and Natural ± (DVW DQG :HVW %HQJDO. Madhya Pradesh. North East. Haryana. Kolkata. Andhra Pradesh. and Gas Field Joint Venture (JV) through a Production Sharing Karnataka.WKHFODLPRI/LTXLGDWHG'DPDJHVLQUHVSHFWRI a) The Company has participating interest of 25% in Ravva Oil circles (i.

security clearance of equipment. a delay in the allocation of start-up spectrum. b) The Company had participating interest of 8. 2012). etc. and (3) delay in meeting 10% roll- Operator (Cairn Energy India Pty Limited was the Operator out obligations was on account of introduction by the DoT of new upto 15th October. VHHNLQJ LQWHULP VWD\ DQG ¿QDOO\ VHWWLQJ Gas Corporation Limited. LI Testing.4% in Block WA-388-P in exploration permit for a term of 6 years from E. The parties have pursuant to the PSC.g. Cairn India Limited (formerly Cairn aside the demand. entered into clearance should have been calculated on the actual maximum a Joint Operating Agreement. and onerous conditions in the license agreement (e. Cairn India Limited is now the delay and not the average delay. inter alia on the ground that (1) there has been Energy India Pty Limited) and Ravva Oil (Singapore) Pte.). (2) delay in SACFA Limited.

2006. The Petroleum Corporation Limited. Sasol Petroleum Australia +RQ¶EOH 7'6$7 YLGH LWV VDLG MXGJPHQW KDV DOVR GLUHFWHG 'R7 WR /LPLWHGDQG$SDFKH1RUWKZHVW3W\/LPLWHG ³$SDFKH´. The Joint Venture (JV) comprised of the 2012 whereby it has set aside the demands of DoT in respect of &RPSDQ\2LOH[/LPLWHG*XMDUDW6WDWH3HWUROHXP&RUSRUDWLRQ 10 circles and directed DoT to give opportunity to the licensee Limited. Bharat before raising these fresh demands for liquidated damages. Hindustan Petroleum Corporation Limited. 7KH7'6$7KDVSDVVHGDQRUGHUDQGMXGJPHQWRQWK-DQXDU\ 28th August.

The order of the TDSAT dated 13th January.$SDFKH refund the amount of ` 242. 2012 has been challenged by the DoT before c) On 15th November.30 Million paid by VTL as liquidated was the Operator with 40% interest in JV. comprising the Hon’ble Supreme Court and by an order dated 23rd November. The Petroleum damages in respect of 10 circles along with 12% interest and VTL Exploration Permit WA-388-P expired on 27th August. liquidated damages originally demanded. 2006. 2012 has been directed to deposit bank guarantees for the amount of and ceased to be inforce. 9LGHRFRQ-3'$/LPLWHG ³9LGHRFRQ-3'$´. the consortium.

under a Production Sharing Contract (PSC) by the Timor Sea Designated Authority. was allotted the petroleum block JPDA 06- 2012 passed by TDSAT. 2012. 103. Energy. Oilex (JPDA 06-103) Limited – as passed an interim order staying the interest payable on the principal Operator.QWHUHVW WR 3DQ 3DFL¿F 3HWUROHXP RI $XVWUDOLD UHGXFLQJ WKH as passed in its order dated 13th January. Oilex has Tamil Nadu. This block is located in the Timor c) VTL has also challenged the claim of Liquidated Damages in Sea between Australia and Timor-Leste. inter alia on the similar grounds. Videocon JPDA had UHVSHFWRIFLUFOHV LH%LKDU*XMDUDW.  7KH¿QDOGHPDQGVSD\DEOHE\97/LIDQ\LVWKHUHIRUHXQDVFHUWDLQDEOH Out of the four commitment wells. The Parent Company alongwith the subsidiary Videocon International and Lolotoe were drilled unsuccessfully. seeking interim farmed-out 15% of its 25% Participating Interest to Japan stay and setting aside the demand.HUDOD2ULVVD5DMDVWKDQ originally a participating interest of 25% in the PSC. Videocon JPDA has farmed-out 5% of its Participating VTL is hopeful that similar order may be passed by Hon’ble TDSAT .RQHRIWKH 2012 the Hon’ble Supreme Court has admitted the appeal and has wholly owned subsidiaries. Uttar Pradesh-West) before the TDSAT. two exploration wells at Lore 37. same to 20%. Bharat PetroResources JPDA Limited and GSPC DPRXQWLQWHUPVRIWKHRUGHUDQGMXGJHPHQWGDWHGWK-DQXDU\ (JPDA) Limited. Autoridade Nacional Electronics Limited and 11 other entities (collectively referred to as do Petroleo (ANP) has agreed to a 12 months extension to the SULPDU\([SORUDWLRQSHULRGVXEMHFWWRDUHOLQTXLVKPHQWRI µ2EOLJRUV¶ RU LQGLYLGXDOO\ DV µ%RUURZHU¶.

54 Million have been allocated to respective Obligors 10% participating interest in the Oil Block covering Area 1 based on their outstanding amount as on 31st December. of outstanding balance of Rupee Term Loans as on 30th June. decision to spud third commitment Appliances Limited. The Parent Company and VIEL are co-obligors. led by ENi. VMRL has acquired Loans of ` 20.40 Million (Previous year ` Nil). PE Electronics Limited. has executed a participation Agent’. Applicomp (India) Seismic Survey in the northern part of the Block and based Limited. Century on processing thereof. Next Retail India Limited. 7KH )LQDQFLDO 6WDWHPHQWV UHÀHFW WKH VKDUH RI WKH *URXS LQ WKH  *DV LV ORFDWHG LQ WKH 3URVSHULGDGH DQG *RO¿QKR$WXP assets and the liabilities as well as the income and the expenditure Discovery Areas. Millennium Appliances India Limited. the Parent d) Videocon Mozambique Rovuma 1 Limited (VMRL). The JV has further acquired 200 sq. Evans Fraser and Co. 12 Appraisal Wells were successful in locating enough Natural 38. Value Industries Limited. The Rupee Term Loans have to be utilised for the purpose agreement with Anadarko Mozambique Area 1 Limitada. 2011. Sky Appliances Limited. Trend Electronics Limited. 3D KAIL Limited. H[HFXWHG )DFLOLW\ $JUHHPHQW the PSC area. The Group straddling resources shared by the Area1 JV Partners and incorporates its share in the operations of the Joint Venture based Area4 JV Partners. kms. a PHQWLRQHGLQWKH)DFLOLW\$JUHHPHQWZKLFKLVPDLQO\IRUUH¿QDQFLQJRI wholly owned subsidiary of Anadarko Petroleum Corporation. Republic of Mozambique. 2013 of Total 28 wells drilled to date. the Rupee Term USA. The Prosperidade Discovery Area is a of Joint Venture Operations on a line-by-line basis. of which 10 Exploration Wells and ` 17. As per the said Facility Agreement. (India) Limited and Videocon International Electronics Limited (VIEL). The Joint Venture (JV) has proposed to drill one with the consortium of existing domestic rupee term lenders. Joint Venture Disclosure: *DVWRVXSSRUWODUJHFRPPHUFLDOO\YLDEOH/1*3URMHFWV A. they are contingently liable Agreement was closed on 26th December.919. to which ANP has reserved its position the Obligors are pooled together. Pursuant to this Agreement. The Borrower entities are Videocon until the results of the drilling of the third commitment well Industries Limited. The Group For Prosperidade Discovery Areas. As the Offshore of the Rovuma Block. under out of the two remaining commitment wells in lieu of excess the obligor/co-obligor structure. a Pre-Unit and Cooperation KDVLQWHUPVRI6LJQL¿FDQW$FFRXQWLQJ3ROLF\1R (. 2008 (the Closing in respect of the borrowings of other Obligors/Borrowers to the extent Date). wherein all the Rupee Term Loans of seismic data acquired. on statements of account received from the Operator. Accordingly. one of &RPSDQ\LVDJHQWRIWKH2EOLJRUVDQGKDVEHHQUHIHUUHGWRDVµ2EOLJRU the wholly owned subsidiaries. exploration well at Bazartete prospect has been taken. are available.439. existing Rupee Term Loans of the Obligors. Techno Electronics Limited.

Area 1 and Area 4. 2012 abandonment costs based on the technical assessment of current by and between Anadarko Mozambique Area1 Limitada.UHFRJQLVHG Term Sheet has been executed on 17th December. Petroleum Laws and Regulations. in compliance with applicable Mozambican Accountants of India. to develop and produced in a manner that Properties in line with the Guidance Note on Accounting of Oil unitizes the Straddling Reservoir under reasonable terms and Gas Producing Activities issued by the Institute of Chartered and conditions. on costs as cost of producing properties and has provided Depletion behalf of Area1 JV Parties and Eni East Africa on behalf of WKHUHRQ XQGHU µ8QLW RI 3URGXFWLRQ¶ PHWKRG DV SDUW RI 3URGXFLQJ Area 4 JV Parties. located 72 .

2012 the discovery well #1-SES-166. has executed The Farfan well is about 21 km. one of the wholly owned subsidiaries. a development of this scale and is continuing to explore in the In October.188. NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) offshore Mozambique. in the Deep Waters of Sergipe Basin with Petrobras liquefaction services to Operators for potential capacity of up as JV Partner and Operator has witnessed Discoveries to 50 MMTPA. The transaction was completed on 28th December ÀXLGVDPSOHVUHFRYHUHG$K\GURFDUERQFROXPQRIDERXW 2009 (the Closing Date). located 9. The well logs have this agreement only concerns those reservoirs that straddle also indicated Oil saturation in the interval 5. covering the area referred to as Nunukan tested. ii) Sergipe Concession: Sergipe Blocks are Located in the The LNG park plan has been evolved which envisages the North-Eastern offshore of Brazilian Basin. located offshore Indonesia. VIN has 44 metres gross and 40 metres net which is formed by acquired a 12. Papangu and Poco Verde Mozambique LNG is emerging as a global LNG leader with which are all in different stages of Appraisal/Evaluation Phases along with neighbouring Joint Venturers and up to 65+ Tcf of recoverable natural gas resources discovered heading towards commercialization. are Anadarko Indonesia Nunukan Company.831 sq. during drilling of well 1-BRSA-1083-SES (1-SES-167). PT Medco E&P LQIRUPDOO\ FDOOHG ³&XPEH´ WKH ¿UVW H[SORUDWLRQ ZHOO Nunukan and BPRL Ventures Indonesia. southeast to the Barra a Farmout Agreement with Anadarko Indonesia Nunukan Exploration Well 1-SES-158 (Barra).295. VEBL 2013. The discovery Company . BV (a step down drilled in block SEAL-M-349. LQ%ORFN6($/0UHVXOWLQJLQDGLVFRYHU\QRWL¿HGRQ 7KH-9KDVDOUHDG\GLVFRYHUHGVXI¿FLHQWUHVRXUFHVWRVXSSRUW 27th October. analysis of electric logs and Agreement. construction and operation of an LNG park Concession has 4 blocks and covers an area of 2. BM-SEAL-11 is to date in the Offshore Area 1 of Mozambique. By the end of going to become Oil. PSC to PT Pertamina Hulu Energi proved presence of sandstone reservoirs saturated with ³3+(1&´.14 metres. comprising LNG trains and common facilities that will provide km. Other members of the consortium In November. Following Anadarko’s sale of all the issued share SEAL-M-426 in Sergipe Concession and 109 km. Pursuant to this agreement. the JV will have invested approximately $3 billion (gross)..4 kms northeast wholly owned subsidiary of Bharat Petroleum Corporation WR WKH GLVFRYHU\ ZHOO µ)DUIDQ¶ GULOOHG UHFHQWO\ LQ %ORFN Limited). oil and gas shows have been reservoirs.582 Corporation. in the Barra. with effect from 1st August 2009 (the Effective Date). comprise multiple hydrocarbon During drilling of Wahoo #5. some of which are fully contained within each area.50% participating interest in the Production porous sandstone carriers of light hydrocarbons as Sharing Contract. Gas and Condensate Field. Videocon Indonesia Nunukan Inc. Cumbe. BM-SEAL-11 development.a wholly owned subsidiary Anadarko Petroleum at Farfan evidences of oil found at the depth of 5. Block. USA along with the related Joint Operating metres during well drilling. from WKHFLW\RI$UDFDMXLQZDWHUGHSWKRIPHWUHV7KHZHOO capital in Nunukan Block. has 20% participating interest in the Sergipe Concession DQGZLOOKDYHPDGHVLJQL¿FDQWDGYDQFHPHQWVLQDZRUOGVFDOH /1*GHYHORSPHQWZLWK¿UVWFDUJRHVH[SHFWHGLQDQGD  7KH¿UVWH[SORUDWLRQZHOOZDVWDNHQXSE\WKH-9DW%DUUD design that facilitates future expansions of up to 50 MMPTA. 2012 hydrocarbons discovery was made Offshore Area 1. LQIRUPDOO\NQRZQDVµ)DUIDQ¶VLWXDWHGLQDZDWHUGHSWKRI e) On 4th September 2009. reported within the Coquina section.  PHWUHV ORFDWHG  NP IURP WKH FLW\ RI$UDFDMX (VIN). 5. Farfan. 2010.76 to the boundary of the two areas.

thus upgrading the potential of the LQ %UD]LO LV    MRLQW YHQWXUH EHWZHHQ 9LGHRFRQ (QHUJ\ 6($/6HUJLSH&RQFHVVLRQVLJQL¿FDQWO\ Brazil Limited (VEBL). 2013 and drilling was completed on 2nd Concessioners. Drilling of appraisal well Wahoo#4. with oil column similar to Wahoo#1. a company incorporated pools of hydrocarbon. 2013. a wholly owned subsidiary of the Company and Bharat PetroResources Limited. Calumbi. Petrobras October.605 metres (net pay of 17 metres) and 5. Wahoo #5 Appraisal Well was spudded area shared by the BM-SEAL-11 and BM-SEAL-4 on 17th June.556 metres.8 metres of 73 . Incorporated Jointly Controlled Entities: the Sergipe Concession. Well Verde had encountered 11. km. but it is water wet. at Campanian sandstones of the Middle Fm. was sent to ANP on 27th February.380 SUHVHQWO\ LQ ¿YH \HDU (YDOXDWLRQ 3KDVH 'LVFRYHULHV metres thick sandstone rocks with good gas shows (up announced in Appraisal Wells Wahoo #2 & Wahoo #3. the discovery of light oil in the Maastrichtian indicates presence of multiple a) IBV Brasil Petroleo Limitada (IBV). both operated by Petrobras.50% participating well was further deepened to explore possible carbonate interest in the Wahoo Concession. was completed on 11th Poco Verde Joint Appraisal Area is a straddling resources December. which was drilled during uncertainty and thus the resources can be upgraded to a  LQ WKH DGMDFHQW FRQFHVVLRQ %06($/ 3%  higher level.578 to 4. VEBL has 12. 2013. HIIHFWLYH WK )HEUXDU\  3+(1& EHFDPH light hydrocarbons in the Maastrichtian and Campanian new Operator. The success of the BM-SEAL-11 Concessions and for Campanian discovery Wahoo #5 well as oil bearing has lowered the geological of the well Verde (1-SES-159). The Concession is reservoirs/deltaic sandstones of Albian age. & OVL 25%). The drilling result of the well has proved KDV SURSRVHG D MRLQW DSSUDLVDO SODQ FRYHULQJ %ORFN beyond doubt the extent of the Upper Sag pay towards SEAL-M-590 in BM-SEAL-4 and Block SEAL-M-497 in the NE of the Wahoo main structure. Barra-1 and Farfan) in C. GXULQJ WKH VHFRQG H[SORUDWLRQ SHULRG ZLWK WKH REMHFWLYH IBV has interests in following four concessions with ten deep to test the presence of HC in stratigraphic traps mapped water offshore exploration blocks in Brazil. DST 122 UGTs) were encountered which continued up to the has been completed in Wahoo Exploration Well. Furthermore. the Notice of Discovery Discoveries are in the Pre-Salt Upper-Sag Carbonates. From 6. Accordingly. 3D seismic data has been acquired in the Block to to 5.635 metres (net pay of 24 metres) respectively. a wholly Well BRSA-1131-SES (known as Papangu) was drilled owned subsidiary of Bharat Petroleum Corporation Limited. of Aptian Age. locate possible well location and identify further leads and The discovery in Cumbe augments the three earlier prospects for drilling two appraisal wells and one commitment discoveries of Maastrichtian gas & condensate (Barra) exploration well in the exploration phase. These TD of 6. 2012. and Campanian light oil (Barra. Badik-1 well intersected 133 net feet of Oil sections with gross pay thickness of 98 metres in intervals DQG JDV SD\ ZKLFK KDV EHHQ QRWL¿HG DV D GLVFRYHU\  of 4. The in the Campos Basin.321 sq. About 100 metres thick sandstones and conglomerates i) Campos Concession: A discovery of hydrocarbons has reservoir with good porosity and permeability was been made in Wahoo well prospect (BMC-30 Concession) encountered in the target zone.

475.ANNUAL REPORT 2013 NOTES FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) net oil pay (44 degree API) in Paleocene and 3.8 metres Gas Block covering Area 1 Offshore of the Rovuma Block. Fluid samples were taken Mozambique for a base consideration of US$ 2.00 Million. from respective intervals. pending closure of the transaction. However. Videocon Mozambique Rovuma 1 Limited continues to be subsidiary of the Videocon Mauritius Energy LLL. Republic of of net gas pay in Campanian.

Singh . Sunil Kumar Jain .535 sq. 2013 and was completed in August.Chairman & Managing Director in the target Aptian sands and in fractured basement. 2013) E. in Concession BM-ES-24 (Block .Senior Vice President (upto 31st Brasiliero S. Mr. has been extended with a commitment to drill 41. 2013) km. Mr. Northwest Energy Private Limited . in the Accounting Standard are given below: with a total area of 1.A. Goa Energy Private Limited . Rathore .26% iv) Espirito Santos Concession: Located along the Brazilian . 2013. The concession Blocks cover an area of 1.26% (upto 1st March. extending from the central-southern 2012) part of Espirito Santos State to the southern part of Bahia . January. 3RWLJXDU &RQFHVVLRQ 7KH ¿UVW SKDVH RI H[SORUDWLRQ LQ Limited.645 sq. As required under Accounting Standard 18 on “Related Party 'LVFORVXUHV´WKHGLVFORVXUHRIWUDQVDFWLRQZLWKUHODWHGSDUWLHVDVGH¿QHG The Concession has 6 prospects in 2 different blocks. Potiguar Concession located in the North-eastern region of Brazil.Vice President is the operator in Campos Concession whereas Petroleo . Jaideep R. Shekhar Jyoti . km. Mr.S.  5HTXHLMDR:HOOGULOOHGLQ(60%ORFNZDVFRPSOHWHG ii) Key Management Personnel: on 2nd September.Associate . Continental Margin. . Ararauna commitment well drilled/spudded on whom transactions have taken place and relationship: 11th February. . Pradipkumar N. Venugopal N. through its Brazilian subsidiary . One pre-existing well (1-CES-154) drilled in a) List of Related Parties where control exists and related parties with Block 663. ANP has approved the Evaluation Plan. Mr. state of Espírito Santo. i) Associates: Drilling results are under study. Chandramani M.Vice President Anadarko Corporation U. 2012 which encountered thin oil zones .Associate . located 58 km from the city of Vitória.Senior Vice President ES-M-661).A. March. VEBL has 10% participating interest in the Potiguar Concession. Radium Energy Private Limited .Associate . Dhoot . Dhoot . is the operator in the other three Concessions.47% (upto 7th State. Mr. Related Party Disclosures: exploration well in Block POT-M-760.Whole Time Director (Videocon a new oil accumulation (15°API) in the post-salt layer of Hydrocarbon Holdings Limited) Espírito Santo Basin. Mr. is in the 1st Phase of exploration. ES- -9DUHLQGLVFXVVLRQZLWK$13DERXWDMRLQW(YDOXDWLRQ  0U 5DMNXPDU 1 'KRRW  &KDLUPDQ  0DQDJLQJ 'LUHFWRU 3ODQZLWKWKHDGMRLQLQJ%ORFNLQ(6&RQFHVVLRQ (Videocon Telecommunications Limited) Grana Padano Well drilled announces the discovery of .

QIUDVWUXFWXUHV 3ULYDWH /LPLWHG LV D     0U$EKLMLW.RWQLV9LFH3UHVLGHQW -RLQW 9HQWXUH &RPSDQ\ LQFRUSRUDWHG LQ .Q¿QLW\ . Mr.QGLD ZLWK . Biotech Parks  0U 5RRSDP $VWKDQD  &KLHI ([HFXWLYH 2I¿FHU /LEHUW\ etc. 9LGHRFRQ .Q¿QLW\ Infotech Parks Limited to carry on the business of infrastructure .Vice President development like construction of IT/ITes Parks. b) Transactions/outstanding balances with Related Parties: F. Arun Pal . The Joint Venture Company has not commenced its Videocon General Insurance Company Limited ) commercial operations.

. The Board considers such (` in Million) transactions to be in normal course of business: Group's share in 30th June.. Short term Advances/Loans received Limited for sale of the entire shareholding in Videocon Mozambique back from Goa Energy Private Limited ` 368. which owns 10% participating interest in Oil & year ` Nil).461. (-) 39. 2012 after obtaining (368.85 17. 2011 (` in Million) Assets 32.992.69 Key Liabilities 31. 7KH ¿QDQFLDO LQWHUHVW RI WKH *URXS LQ WKH MRLQWO\ FRQWUROOHG LQFRUSRUDWHG HQWLWLHV EDVHG RQ ¿QDQFLDO VWDWHPHQW UHFHLYHG The Company has entered into transactions with certain related from these Joint Venture entities are as under: parties during the period as listed below.60 Particulars Associates Management Income .58) approval of the Government of Republic of Mozambique and payment Investments 0.54 as per the agreement dated 28th December. The estimated amount of commitment of the Group towards Short Term Advances/Loans given 0. Personnel Expenses .42) D. (379.16 Million Short Term Advances/Loans given 0.90) minimum work program is ` 29.898.90 18.600. . Short Term Advances/ its holding company Videocon Hydrocarbon Holdings Limited (subsidiary Loans Given to Radium Energy Private Limited ` 0.03 RIDSSURSULDWHLQFRPHWD[7KHUHVXOWDQWSUR¿WRQVDOHRILQYHVWPHQWRI (0.94 Million).42 Million). 74 . 2013 Mauritius Energy Limited for a consideration of US$ 2. the Subsidiary Company Videocon Hydrocarbon Remuneration 145.08 ` 18. Nature of Transactions Tax .51 Million) and Goa Energy Private Limited ` Nil Agreement on 25th June.27 Holdings Limited (VHHL) has sold and transferred its entire shareholding (53.04 Million of the Company) have entered into a Share Sale and Purchase (Previous year ` 0.672. During the period.49) in Videocon Mozambique Rovuma 1 Limited to its subsidiary Videocon Outstanding as at 30th June.05) 860LOOLRQEHLQJXQUHDOLVHGSUR¿WKDVEHHQHOLPLQDWHGLQWKLV c) Material transactions with Related Parties during the period are: FRQVROLGDWHG¿QDQFLDOVWDWHPHQWV Reimbursement of Expenses from Goa Energy Private Limited 40.63 Million (Previous year ` 90. 2013 with ONGC Videsh Limited and OIL India (Previous year ` 5.63 (90. 2013 31st Dec.141.56 Million (Previous year Short Term Advances/Loans received back 368. The Subsidiary Company Videocon Mauritius Energy Limited alongwith ` 9.39 Million).58) Reimbursement of Expenses 9.07 Million (Previous Rovuma 1 Limited.04 contribution in various Joint Ventures for next year based on (5.984.

The effect of acquisition and disposal of subsidiaries during the 44. a) Operating Lease: period on the Consolidated Financial Statements is as follows: i) Lease payments under cancellable leases are recognised as an (` in Million) H[SHQVHVLQWKH&RQVROLGDWHG6WDWHPHQWRI3UR¿WDQG/RVV Net Assets ii) The maximum obligation on long-term non-cancellable operating Effect on As at leases entered on or after 1st April 2001 payable as per the rentals Name of the Company Consolidated 30th June. stated in respective agreements are as follows: 3UR¿W /RVV.42.

34 - Total 956. c) Amount used 602. the value on realisation of Current Assets.15 638.29) (0.09) 9. Since the entire amount (` in Million) SD\DEOHWRYHQGRUVWRZDUGVWKHVXSSO\RI¿[HGDVVHWVDQGVHUYLFHV during the period is accrued.30 875.A.21) 2013 2011 Percept Energy Private (0. Particulars 30th June. 31st Dec. Videocon Telecommunications Limited (formerly Videocon Limited (VTL) has entered into composite IT outsourcing Energy Ventures Limited) DJUHHPHQWVZKHUHLQYHQGRUVKDYHVXSSOLHGWKH¿[HGDVVHWVDQG IT related services to VTL.24 632.51 'HSRVLWV$GYDQFHVDQG2WKHU&XUUHQW$VVHWV/LDELOLWLHVDUHVXEMHFWWR the period FRQ¿UPDWLRQ DQG UHFRQFLOLDWLRQ LI DQ\ +RZHYHU LQ WKH RSLQLRQ RI WKH b) Additional provision made 653. a) Amount at the beginning of 632. Contingent ¿[HGDVVHWVDQGVHUYLFHVXQGHUWKHFRQWUDFWDWWKHLQFHSWLRQRIWKH /LDELOLWLHV DQG &RQWLQJHQW$VVHWV´ LVVXHG E\ WKH .89 602. 2013 a) Acquisitions/Incorporations (` in Million) Videocon Mauritius Energy (6.99) (7. Segment Information:  7KH&RPSDQ\DQGLWVVXEVLGLDULHVKDYHLGHQWL¿HGIRXUUHSRUWDEOHVHJPHQWVYL]&RQVXPHU(OHFWURQLFVDQG+RPH$SSOLDQFHV&UXGH2LODQG1DWXUDO*DV 7HOHFRPPXQLFDWLRQVDQG3RZHU6HJPHQWVKDYHEHHQLGHQWL¿HGDQGUHSRUWHGWDNLQJLQWRDFFRXQWQDWXUHRISURGXFWVDQGVHUYLFHVWKHGLIIHULQJULVNVDQG return. 2013 2011 45. 31st Dec.11 404.26 35. since it is not possible for VTL to determine the extent of 43.75 b) The Subsidiary Company viz.08) (1.02) (1.52) Not later than 1 year 137.390.15 is adequate and not in excess of the amount reasonably required.047.77 Limited Later than 1 year and not later than 549.QVWLWXWH RI &KDUWHUHG FRQWUDFW6XFK¿[HGDVVHWVUHFHLYHGKDYHEHHQDFFRXQWHGIRUDV Accountants of India.30 S.60 73. Indigo Energy Private Limited (0.52 Oil Services International 0.S Emerald Copoprate Ventures (0. In the opinion of the Board. the disclosures as per Accounting Period ended Year ended Standard 19 are not applicable. the disclosure with respect to Provision for ¿QDQFHOHDVH7KHVHDVVHWVDUHGHSUHFLDWHGRYHUWKHVWDWHGXVHIXO Warranty and Maintenance Expenses is as follows: lives applicable to similar assets of VTL.01 b) Disposals/Cessation 5 years Eagle E Corp Limited (0..82 Loans and Advances in the ordinary course of the business would not d) Unused amount reversed 29.13 (0.08) More than 5 years 269. The outstanding balances of certain Trade Receivables.16) WR WKH RZQHUVKLS WKH ¿[HG DVVHW DQG OLDELOLW\ DUH UHFRUGHG DW WKH Limited (formerly Videocon fair value of the leased assets at the time of the receipt of the Oman 56 Limited) assets. Trade Payables.. D.023.69 be less than the amount at which they are stated in the Consolidated during the period Balance Sheet and the provision for all known and determined liabilities e) Amount at the end of the 653. Based on the risk and rewards incidental Mercury Corporate Ventures 0.24 632. period 47.59 397.15 PDQDJHPHQWDGMXVWPHQWLIDQ\ZLOOQRWEHPDWHULDO during the period 46. As required by Accounting Standard 29 “Provisions.52) As at As at Limited Minimum Lease Payments 30th June.

771. .32) 367.238.800.05 688.70 (826.External 167. .62) .19 115. .Inter Segment .194. . .12.845.916. Revenue and expenses which relate to enterprise as a whole and are QRWDOORFDEOHWRDVHJPHQWRQUHDVRQDEOHEDVLVKDYHEHHQGLVFORVHGDV³8QDOORFDEOH´ b) Segment assets and segment liabilities represent assets and liabilities in respective segments.01) (6.393.07 .64 6.35) 4.06.12.32) 4.2011 30.2011 30.563.53 136. .14) (610.2011 30.64 14.2013 31. Investments.23 (4.86 32. .89 12.06. .19 115.06. .23 (4. .15 19. . .24 Less: Finance Costs . .64 14.313. 6HJPHQW UHYHQXH DQG H[SHQVHV LQFOXGH WKH UHVSHFWLYH DPRXQWV LGHQWL¿DEOH WR HDFK RI WKH VHJPHQWV RQ WKH EDVLV RI UHODWLRQVKLS WR RSHUDWLQJ activities of the segment as also amounts allocated on a reasonable basis.227.64 6. tax related assets and other corporate DVVHWVDQGOLDELOLWLHVWKDWFDQQRWEHDOORFDWHGEHWZHHQWKHVHJPHQWDUHGLVFORVHGDV³8QDOORFDEOH´ c) Primary Segment Information .651.238. .626.95 15.47) (Expenses) 75 .07 ii) Segment Result before Interest 16.12.06.2013 31. . . . . .03 (25.662. .22) (5.Business segment: (` in Million) Consumer Electronics Crude Oil and Telecommunications Power Others Total and Home Appliances Natural Gas Particulars Period Year Period Year Period Year Period Year Period Year Period Year ended ended ended ended ended ended ended ended ended ended ended ended 30.2013 31. .06.12.2013 31.800.12.2013 31. .700.053. 4.774.40.12.053.05 688.651.46 6.88 Add: Other Unallocable Income/ .227.2011 i) Segment Revenue . .2013 31.934. .86 32.15 19. .934.2011 30.190.06.53 136. .46 6.62) .845.194.78 (7.2011 30.654.67) (12.700.143.93 (15. - Total Segment 167. . .

2013 31.06.2013 31.2013 31.ANNUAL REPORT 2013 (` in Million) Consumer Electronics Crude Oil and Telecommunications Power Others Total and Home Appliances Natural Gas Particulars Period Year Period Year Period Year Period Year Period Year Period Year ended ended ended ended ended ended ended ended ended ended ended ended 30.2013 31.06.06.12.06.2011 30.06.12.2013 31.2011 3UR¿W /RVV.12.2011 30.2011 30.06.12.12.12.2011 30.2013 31.2011 30.

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.RQ'LVSRVDO . .31 3UR¿W /RVV. . . .964.74 Dilution of holding in Subsidiaries/Associates Tax Expenses . .08) 1.032. . . (1. . . . .(12.005.21) 49. . . . . . .

.21 3UR¿W /RVV. . .807. 3.EHIRUH0LQRULW\ . . . . . . . .642.79) (13. .(32. .068. . . . . .60 5.87) Interest Add: Minority Interest . .

17 Segment Liabilities 101.44 141.689.93 5.207.705.34 75.73 9.886. .89 140.17 139.637.28 494.83 795.832.255.60 131.543. .2011 30.00 65.224.2013 31.516.53 136.64 385.973.06. .78 7.552.42 69.328.737.49 65.2013 31.552.790.709.59 166.189.90 494.83 13.526.55 32.020.457.551.IRUWKHSHULRG\HDU .12.2011 30.160.2011 30. .390.97 138.015.2011 30.06.644.034.07 Segment Assets 354.261.97 447.86 80.664.91 38.280.21 17.732.467.078. .66) iii) Other Information: (` in Million) Consumer Electronics Crude Oil and Telecommunications Power Others/Unallocable Total and Home Appliances Natural Gas Particulars Period Year.17 Depreciation 7.73 599.28 1.84 3.743.717.88 148.2013 31.780.496.12.06.078.329.06.927.449.10) 5.85 97.40 16.2013 31.2013 31.61 71.WRWKH&RPSDQLHV$FW3UHYLRXV \HDU¿JXUHVKDYHEHHQUHFODVVL¿HGUHVWDWHGUHFDVWHGWRFRQIRUPWRWKHFODVVL¿FDWLRQRIWKHFXUUHQWSHULRG7KH¿JXUHVRIWKHFXUUHQWSHULRGDUHQRW FRPSDUDEOH ZLWK WKRVH RI WKH SUHYLRXV \HDU DV D.2011 30.06.573.63 48.24 311.17 Segment Liabilities 318.48 (507.238. .06.12.12.2013 31.603.747.550. Period Year Period Year Period Year Period Year Period Year ended ended ended ended ended ended ended ended ended ended ended ended 30.12.70 20.49 4.50 392.06.63 52.12.12.80 45.240.689.52 45.10 250.426.30 194.922.927.112.12.(28.51 62.86 111.244. .2011 Segment Assets 168.421.06.75 d) Secondary Segment Information: (` in Million) Within India Outside India Total Particulars Period ended Year ended Period ended Year ended Period ended Year ended 30.934.845.922.2013 31.87 5. These consolidated ¿QDQFLDOVWDWHPHQWVKDYHEHHQSUHSDUHGLQWKHIRUPDWSUHVFULEHGE\WKH5HYLVHG6FKHGXOH9.17 48.77 6.912.2013 31.191.156.67 69.2011 30.73 12.41 129.19 18.50 392.089.2011 Segment Revenue .32 11.65 447.91 38.52 319.External Turnover 187.53 20.73 280. .38 Capital Expenditure 11. .2011 30.52 319.70 9.26 80.47 109.19) (13.37 75.38 Capital Expenditure 30.21 88.06.717.963.376.2013 31.589.12.

 WKH FXUUHQW SHULRG¶V ¿JXUHV GR QRW LQFOXGH RSHUDWLRQV RI FHUWDLQ VXEVLGLDULHV FRQVHTXHQW WR WKHLU cessation to be subsidiaries of the Company in the previous period and include operations of certain subsidiaries for part of the period. consequent to their acquisition as stated in Note1RDERYHE.

104180 Membership No. KADAM VINOD KUMAR BOHRA S.WKH¿JXUHVIRUWKHFXUUHQWSHULRGDUHIRUDSHULRGRIPRQWKVDVDJDLQVWPRQWKVLQSUHYLRXV\HDU As per our report of even date For and on behalf of the Board For KHANDELWAL JAIN & CO. For KADAM & CO. DHOOT Chartered Accountants Chartered Accountants Chairman and Managing Director SHIVRATAN AGARWAL U. V. S. N. PADMANABHAN Partner Partner Company Secretary Director Membership No. 31055 Place : Mumbai Date : 29th November. 2013 76 .

86 . 1.001 . . .83 27.21 . (32.541.68) . (0. .10 0.63 .58) 155.61 0. (7.94 .15) 7. (0.22 54.77 .023.001 (0. (4.08) 1.11) . (0.94 0. (6.71 .15 3.500.93 107. vide General Circular No.12 . (0.10 .10) 52.56 2. (31.60 762. (1.37) 842.53) (9. (31.03) 0.08) 417.04) 0. (7.05) India 77 Prosperous Energy Private 8 ` INR Mn 0. (3. 0. (0.60 . (0.51) .15) . Name of the Subsidiary Reporting Amount in Exchange Capital Share Reserves Total Assets Total Investment Turnover/ 3UR¿W%HIRUH Provision for 3UR¿WDIWHU Proposed Country No.021. Company Currency Rate Application Liabilities (Other than Total Income Tax Tax ( Net of Tax Dividend Money Investments Write back) Received in Subsidiaries) Indigo Energy Private 1 ` INR Mn 0.136. 2011.03 .20 (37. . (0. (0. 0.06 .11) Island Videocon Indonesia INR Mn 59. (3.27 .182.37) 1.42 0. . (0. (0. 23.77 263. respectively has granted a general exemption from ?KILHE=J?ASEPDOA?PEKJKBPDA KIL=JEAO?P  OQ>FA?PPKBQHłHHIAJPKB?KJ@EPEKJOOPELQH=PA@EJPDA?EN?QH=N1DA KIL=JUD=OO=PEOłA@PDA?KJ@EPEKJOOPELQH=PA@EJPDA?EN?QH=N=J@ hence is entitled to the exemption.000 (0.06 .04) India Ventures Private Limited Pipavav Energy Private 10 ` INR Mn 5. .31 (117.10 .53) .65 .19) 993.98) 50. (0.45 162.03 (12.486.15) .32 .711. (0.29 (7.India Applied Energy Private 5 ` INR Mn 0.00 .594.48) .73 417. Necessary information relating to the subsidiaries has been included in the Consolidated Financial Statements.India Limited 3UR¿FLHQW(QHUJ\3ULYDWH 6 ` INR Mn 0. 0. (0.70) .001 . 0. (0.31 . (0. Government of India.06 .06) Island Videocon Mauritius Energy INR Mn 59.08) Island Videocon Australia WA.05) .68) India Limited Videocon JPDA 06-103 INR Mn 59. (347.56 6. INR Mn 59.24) 27. (4.97 . 22.32 52.00 .16) 3.18) .585. (0.66 453.13 (0.06) .94 0.49 5.18) 2.10 .30) 0.66) .India Limited 7 Videocon Energy Limited ` INR Mn 1.021. 0. 2011 and 21st February. 2 and 3 dated 8th February.25 . .30 .142.07) 0.07 (0.80) 101.88) 230.13) 791.10 1.39 14.31 302.94) . (3.06) 297. FINANCIAL INFORMATION OF SUBSIDIARY COMPANIES The Ministry of Corporate Affairs.94 Cayman 11 US$ Limited USD Mn 0.132. (50. (0.518.30) .509.457.03 0.94 0.73 . (261.06) (0.76 23. 10.42 6.10 .01 .337.70) British Virgin 12 US$ Rovuma 1 Limited USD Mn 0.74 .04) (2.48) Cayman 15 US$ 388-P Limited USD Mn 0.000 . Sr.63 . (5.12 Island Videocon Mozambique INR Mn 59. 0. .001 .42 . (6. (0.India Limited 4 Unity Power Private Limited ` INR Mn 0.93) 16 US$ Mauritius Limited USD Mn 0.64 .10 50.001 .15 (37.71) 6.India Limited Percept Energy Private 2 ` INR Mn 0. (4.02) .63) 0.60) British Virgin 13 US$ Limited USD Mn 0. (6.08) .000.17 0. .14 .08 (22.66 1. (7.001 (4.53) Island Videocon Energy Brazil INR Mn 59.16 1. 197.84 739.10 . USD Mn 0.94 0.60) (16. (0.10 .41 616.30) . 6.109. (7.05) India Limited Chhattisgarh Power 9 ` INR Mn 0. (117. (0.748.39 38.94 0.84) 452.94 0. (0.06 .26) (5.49 .99 234. 0.60) .02 .77) Cayman 14 US$ Nunukan Inc.77) .10 .India Limited Comet Power Private 3 ` INR Mn 207.509. 0. (5.10 .01) (0.02) .28 846. (117.000 .078.47 .

344.29 4.13 69.337. .01) Videocon International 24 ` INR Mn 30.694.17) 0.14 .057. (40.20 (0.22 (0. (0.386.50 .85 34.04 125.624.88) 12.150.96 .07) 0.65 Cayman 17 US$ Holdings Limited Island ANNUAL REPORT 2013 USD Mn 203.02 48.18) .93 1.01) 78 INR Mn 59.37 .196.34) 196. 0.09 2.81 259.00 .40 (172.64 .300.22 (0.108.43 224.05 (0.94 1.82 4.93) 62.94 12.71 (0.08 .87 .075.34 1.000.45 0. (29. (3. (3.50 1.58) (11. FINANCIAL INFORMATION OF SUBSIDIARY COMPANIES Sr.50 .221.44) (12. 0.25 4. 48.57) .868.44 (2. 0. (4.37 (27.70) .09) 1.26 0.096.544. 1.02 .863.08 351.02 .001 0. (0.88) .68) 21 Name. Company Currency Rate Application Liabilities (Other than Total Income Tax Tax ( Net of Tax Dividend Money Investments Write back) Received in Subsidiaries) Videocon Hydrocarbon INR Mn 59.000.91 (2.80 .44) 1.00 .17) India Limited Liberty Videocon General 29 ` INR Mn 3.00 68.85) .56) India Private Limited Senior Consulting Private 26 ` INR Mn 10. .94 48.011.85) INR Mn 59.01) .70) British Virgin 19 Videocon Global Limited US$ USD Mn 0.60 4.Wei You Kang CNY China Electronic (Shenzen) Co Ltd) CNY Mn 0. (2.42 4.685.997.523.57) India Limited INR Mn 59. . 65.44 4. (1.15 109.331.619.03 .246.379.391.03 0.34 209.22 (4. (0.228.59) .52 15.89 (805.15 (5.67 . (0. (396. 143.036.22 131.43 .59) India Insurance Company Limited .758.16) 58.09 1.77 111.02) 0.93 . . (0.71028 8. (0. (172. (6.40 2.68) . 414.44) 3.45 647.167.63) .50 .14) India Telecommunications Limited Datacom 28 Telecommunications Private ` INR Mn 0.81) 23 Videocon Ivory Limited US$ Mauritius USD Mn 0.523.971. (1.75 .81) .02) 0.92 . 6.560.50 . (0.59 (3.81) .12) India Limited Videocon 27 ` INR Mn 54.80) 32. (3.16) 1.001 .14) 0.431. (2.01 2.000.593.00 . (0.17) .92 111. (0.263. 33.18) India Electronics Limited Jumbo Techno Services 25 ` INR Mn 1.01) .00 .004) Oman Videocon Electronic (Shenzen) Limited (Chinese INR Mn 9. (0.06 1. (444. (0.31 (0.551. 2. (0.02 6.00 1.02 .37 5.75 2.866.004) .02) 1. (27. (0.77 53.30 0.02 .63) Sultanate of 20 Middle East Appliances LLC RO RO Mn 2.588.39 (0.583.24 . (3. Name of the Subsidiary Reporting Amount in Exchange Capital Share Reserves Total Assets Total Investment Turnover/ 3UR¿W%HIRUH Provision for 3UR¿WDIWHU Proposed Country No.090.42 13.34 Videocon Oil Ventures 18 ` INR Mn 1. 1.40 . (0.81) 22 Videocon Estelle Limited US$ Mauritius USD Mn 0.06 .52 .92 6. 1.10 .94 0.997.024.258. 3.88) Island INR Mn 156.352.59 2.08 (396.57 (23.09 71.07) 3. 0.

Paithan Road.Paithan Road. 2013.M.06WRQH$XUDQJDEDG3DLWKDQ5RDG9LOODJH&KLWWHJDRQ 7DOXND3DLWKDQ'LVW$XUDQJDEDG 0DKDUDVKWUD. Village: Chittegaon.431 105 (Maharashtra) PLEASE FILL ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING HALL. Signature of the Shareholder/Proxy_______________________________ *Applicable for investors holding shares in electronic form PROXY FORM VIDEOCON INDUSTRIES LIMITED TERE HERE 5HJG2I¿FH14 K. 28th December. Dist. Stone. Client ID* I/We____________________________________________________________________________________________ of _______________________________________________________________________ being a member/members of Videocon Industries Limited hereby appoint ________________________________ of ___________________________ or failing him______________________________________ as my/our proxy to vote for me/us and on my/our behalf at the TWENTY. Stone. Dist. Village: Chittegaon.FOURTH ANNUAL GENERAL MEETING of the Company to be held on 6DWXUGD\WK'HFHPEHUDWDPDWWKH5HJLVWHUHGRI¿FHRIWKH&RPSDQ\DW.: Aurangabad . DWDPDWWKH5HJLVWHUHGRI¿FHRIWKH&RPSDQ\DW. Taluka: Paithan. Taluka: Paithan.06WRQH$XUDQJDEDG Paithan Road.431 105 (Maharashtra) DP ID* Registered Folio No. Share(s) Held:________________________________ I hereby record my presence at the TWENTY. Joint Shareholders may obtain additional slip on request. Aurangabad .: Aurangabad .FOURTH ANNUAL GENERAL MEETING of the Company to be held on Saturday. Dist.: Aurangabad-431 105 (Maharashtra). Aurangabad . Client ID* NAME AND ADDRESS OF THE SHAREHOLDER ______________________________________________________ _______________________________________________________________________________________________ No. DP ID* Registered Folio No. Village: Chittegaon. ATTENDANCE SLIP VIDEOCON INDUSTRIES LIMITED 5HJG2I¿FH14 K.M. Taluka: Paithan.

completed and signed and must be deposited at the 5HJLVWHUHG2I¿FHRIWKH&RPSDQ\QRWOHVVWKDQKRXUVEHIRUHWKHWLPHRIKROGLQJWKHDIRUHVDLGPHHWLQJ7KHSUR[\ need not be a member of the Company. Please read errata for typesetting matter .DWDQ\DGMRXUQPHQWVWKHUHRI Signed on this______________________________ day of ___________________2013 $I¿[ Signature _________________________________ Revenue Stamp of No. of Shares held__________________________ ` 1/- *Applicable for Investors holding shares in electronic form Note: The Proxy in order to be effective should be duly stamped.

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BOOK-POST Printed by: www. Mumbai 400 009. please return to: MCS Limited Unit: Videocon Industries Limited Kashiram Jamnadas Building. 21/22. P.in If undelivered. Masjid (East). . Office No.westernpress.D’mello Road (Ghadiyal Godi). 5. Ground Floor.