Aurangabad Electricals Limited (AEL), 

is a global 'Full Service Supplier' of aluminum cast and machined

components. It is the upcoming exporter of auto components from India, with 10 manufacturing facilities
spread over western and northern locations across India, the company manufactures a wide range of Die
Cast (HPDC & GDC), Electrical Components for 2 and 3 wheelers, passenger cars, HCV, LCV industry.
Over the years, AEL has been investing in creating state-of-the-art facilities, world-class capacities, and
capabilities.

AEL has built up a strong capability in design/engineering and value added services, which gives it a Full
Service Supply Capability - from product conceptualization to designing and manufacturing.

We have joint ventures with OMR of Italy (HPDC) & Fontana Gruppo of Italy (Fasteners).
Aurangabad Electricals Limited is a Non-govt company, incorporated on 23 Sep, 1985. It's a public
unlisted company and is classified as 'company limited by shares'.

Company's authorized capital stands at Rs 3171.0 lakhs and has 28.793514% paid-up capital which is Rs
913.04 lakhs. Aurangabad Electricals Limited last annual general meet (AGM) happened on 30 Sep, 2017.
The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).

Aurangabad Electricals Limited is majorly in Manufacturing (Machinery & equipment) business from last
34 years and currently, company operations are active. Company is registered in Pune (Maharashtra)
Registrar Office. Aurangabad Electricals Limited registered address is PLOT NO B-7MIDC CHAKAN
PUNE MH 410501 IN.

Aurangabad Electricals Limited Details

CIN U31909PN1985PLC037539

Date of Incorporation 23 Sep, 1985

Status Active

Company Category Company limited by Shares

Company Sub-category Non-govt company

Company Class Public

Business Activity Manufacturing (Machinery & Equipment )

Authorized Capital 3171.0 lakhs

Paid-up Capital 913.04 lakhs

Paid-up Capital % 28.793514

Registrar Office City Pune

Registered State Maharashtra

Registration Number 37539

Registration Date 23 Sep, 1985

Listing Status Unlisted

AGM last held on 30 Sep, 2017

Balance Sheet last updated on 31 Mar, 2017

Balance sheet
Y/e 31 Mar ( In .Cr) Mar-2017

Equity capital 2.94

Preference capital 6.19

Reserves 109

Net worth 118

Minority interest

Debt 101

Deferred tax liabilities (net) 8.81

Total liabilities 228

Fixed assets 172

Intangible assets

Investments 0.91

Deferred tax asset (net) --

Net working capital 49.90

Inventories 49.70

Inventory Days --

Sundry debtors 82.70

Debtor days --

Other current assets 63.60

Sundry creditors (83)

Creditor days --

Other current liabilities (63)

Cash 5.36

Total assets 228

MANUFACTURING LOCATIONS IN INDIA
Aurangabad Electricals Limited

MISSION

At Aurangabad Electricals Ltd., our mission is to

 To delight customer with excellent product quality, delivery, development and value for
money.
 To create safe & participative working environment to promote employee morals.
 To conduct business by lawful and ethical means.
 To conserve natural resource, maintain clean and green environment.
 To enhance value of shareholders, suppliers and society.

VISION

Be an agile group working towards

excellence, to provide delight to all

stakeholders.

QUALITY OBJECTIVES

1. To continuously improve customer satisfaction index targeting towards 100%.

2. To achieve zero customer complaint.
3. To implement continual improvement project min 2 per month.
4. To reduce total inhouse rejection by min 1% quarter and quarter.
5. To improve safety by zero accident.
6. To achieve 100% on time delivery with scheduled quantity.
7. To improve energy consumption by min 10% year on year.

QUALITY POLICY
We commit ourselves to safety our customers by manufacturing products synonymous with
quality and reliability and total education of all members to achieve the goal.

We will adopt continual improvement philosophy in products and processes and also work
towards energy conservation, environment protection& safety.

T P M POLICY

We at AEL adopt TPM to provide delight to all stakeholders.

TPM of working will be implemented company wide, to create participative work environment,
leading to zero loss, zero break-down, zero accident, enhanced employee morale and greater
profitability.

Quality system

We commit ourselves to satisfy our customers by manufacturing products which are synonymous with
Quality & Reliability. We work towards total dedication of all our members to achieve this goal.

We adopt continual improvement philosophy in products & processes and also work towards energy
conservation & environment protection & safety.

Our plants are certified for

ISO 9001, TS 16949, ISO 14001 & OSHAS 18001

AWARDS AND ACCREDITATION

  2014
* Bajaj Auto "Q - Gold Award"

 *  "Excellent Performance Award" at QCFI Convention

  * Appreciation award in state level Kaizen competition by QCFI

2013
*  Silver Award at Quality Circle Forum of India

*  "Bajaj Auto TPM Award

2012
* Bajaj Auto TPM Award

 * "Bajaj Auto "Q - Gold Award"

2011
 * Tata Toyo Best Supplier

 * "Atlas Copco Best New Supplier

 * "BAVA Kaizen Competition (2nd Runner-up Award)

  * "Bajaj Auto "Q - Silver Award"

2010
* Bajaj Auto "Q Bronze Award"

*  "Bajaj Safety Award-2010 : Safety Kaizen - 1st Prize

 *  "Fiat Best performance in Quality & Delivery

Products
 die-cast products, such as bed plates, oil pans, cylinder blocks, clutch covers, gear box covers,
generator covers, cylinder head covers, oil and water pump housings, etc.

High Pressure Die Casting

OM 654 Spiral Housing Bearing Housing Cam Shaft Holder

Clutch Cover Assembly (2-wheeler) Differential Cover (3-Wheeler) Heat Sink

Bed Plate Brake Drum (2-Wheeler) Cylinder

Block

Gravity Die Casting

Suspension Arm PTO Housing Compressor Housing

Cylinder Head Spiral Housing
Manufacturing Facilities / Capabilities

* Die designing and manufacturing.

* High pressure and gravity die casting.

* Machining & surface-treatment.

* Sub-assembly.

* Steel Fabrication and Electro Plating.

* Automotive electrical / electronic parts such as Ignition coil, Magneto, Starter Motor, Sensor,

Flasher, Relay, etc.

Driven by 1500 qualified personnel. Preferred OEM & Tier-1 supplier for

  * 2 & 3 Wheelers.

* Passenger Cars & Heavy & Light Commercial Vehicles.

R & D Toolroom
Our Engineering center has been recognized as 'In-house Research and Development Centre' by
Government of India's Department if Science & Industrial Research

Objectives of R & D

*  Create, evaluate & validate concepts and specifications through design, simulation, manufacturing &

testing of prototypes.

* Design, development of new product.

* Development of new processes, technologies, methods of analysis and testing.

* Acquire knowhow to manufacture light metal castings that are required for :

 Light weighting.

 Environmental compliance.

 Performance enhancement.

* Improvements & innovation in design, process and product.

* Improvement in efficiency of utilisation of resources such as equipment, energy, material etc.

* Reduce impact on environment due to the activities of the company.

* Substitution of imported material, machine, tooling, technology etc.

Customers
Two WHEELWE OEM DOMESTIC & OVERSEAS CUSTOMERS
We cater to the requirements of OEMs and Tier I suppliers to OEMs in the domestic and global markets
FOUR WHEELWE OEM DOMESTIC & OVERSEAS CUSTOMERS

We cater to the requirements of OEMs and Tier I suppliers to OEMs in the domestic and global markets

OEM DOMESTIC & OVERSEAS CUSTOMERS)) TIRE 1 AND NON-AUTO

We cater to the requirements of OEMs and Tier I suppliers to OEMs in the domestic and global markets

Corporate Social Responsibility (CSR) Policy

:I. Introduction

Aurangabad Electricals Ltd. (‘AEL’ or ‘the Company’) is the flagship Company of Bagla Group
incorporated in September 1985. AEL is one of the leading auto component manufacturing
companies in India. AEL is in the business of manufacturing High Pressure & Gravity Die Casting
products, auto electrical components and high tensile fasteners. It has manufacturing facilities in
.Pune and Aurangabad in Maharashtra and Pantnagar in Uttarakhand

AEL has undertaken and shall continue to undertake appropriate Corporate Social Responsibility
(CSR) measures having direct, measurable and positive economic, social, and environmental impact
.on the community with particular emphasis on the local area and areas around its plants

AEL’s mission is to contribute towards improving the quality of life of the communities living in local
areas. We believe that our success in operating the organization is critically dependent on following
.participatory development-oriented approach that strengthens our bond with society in general
II. Preamble

The CSR Policy outlines the Company’s responsibility as a corporate citizen and lays down the
guidelines and mechanism for undertaking activities for welfare and sustainable development of the
.community at large

The core elements of CSR is the continuing commitment by business to ethical principles, care for
the environment, protection of human rights while improving the quality of life of all the
.stakeholders including the local community and society at large

III. Applicability

This CSR Policy is applicable to AEL, which is mandated with the CSR expenditure obligations as per
Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility
.Policy) Rules, 2014, as amended from time to time

This Policy shall apply to all CSR initiatives and activities taken up at the various plants and locations
of the Company for the benefit of different segments of the society, specifically the deprived, under
.privileged and differently abled persons

:IV. Scope / List of CSR Activities

AEL will undertake the CSR activities to do overall good to the community with special emphasis on
activities for the benefit of the poor and needy sections of the society. AEL will give preference to
the local areas around the locations where it operates in India for spending the amount earmarked
.for CSR activities

In particular, AEL will undertake CSR activities as specified in Schedule VII of The Companies Act,
2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to
:time. These primarily fall as under

eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation )1
including contribution to the Swachh Bharat Kosh set up by the Central Govt. for the promotion of
;sanitation and making available safe drinking water
promoting education, including special education and employment enhancing vocation skills )2
especially among children, women, elderly, and the differently abled and livelihood enhancement
;projects

promoting gender equality, empowering women, setting up homes and hostels for women and )3
orphans; setting up old age homes, day care centers and such other facilities for senior citizens and
;measures for reducing inequalities faced by socially and economically backward groups

ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal )4
welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and
water including contribution to the Clean Ganga Fund set up by the Central Govt. for rejuvenation of
;river Ganga

protection of national heritage, art and culture including restoration of buildings and sites of )5
historical importance and works of art; setting up public libraries; promotion and development of
;traditional arts and handicrafts

;measures for the benefit of armed forces veterans, war widows and their dependents )6

training to promote rural sports, nationally recognized sports, para-Olympic sports and Olympic )7
;sports

contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central )8
Government for socio-economic development and relief and welfare of the Scheduled Castes, the
;Scheduled Tribes, other backward classes, minorities and women

contributions or funds provided to technology incubators located within academic institutions )9

;which are approved by the Central Government

;rural development projects )10

;Slum area development )11

.Other activities as may be prescribed from time to time under Companies Act 2013 )12

Without prejudice to the above, following activities, by way of illustration, may also be carried out by
-: the company, if it deems fit

To participate in building a healthy community through continuing initiatives in several areas of .1

.healthcare

Promotion of education including girl child education .2

.Disaster management activities and relief to victims of natural calamities .3

Literacy / Awareness programmers and activities in various social & well-being areas .4

Restoration & beautification of a city, town, village, museum, gardens, parks, public recreation .5 .
.centers, historical places etc

Curative health care, surgery, blood donation activities, eyes check-up camps, therapy camps, .6
.dental camps, acupressure camps, cataract camps etc

.Supporting/ conducting activities for promotion of performing art .7

.Infrastructure activities, essentially for helping the poor & the needy .8

.Promotion of nationally recognized sports (not only training) .9

Hostels and boarding rooms, reading rooms, Convalescence / asylum rooms for poor and the .10
.needy

Activities relating to irrigation, wells, dams etc. for improving livelihood of farmers & .11
.agriculturists

Furtherance and promotion of practice of alternative Indian traditional medical practice such as .12
homeopathy, Ayurveda, siddha, naturopathy & yoga therapies for the benefit of community at large

.Research activities, economic, industrial, social research, research professorships etc .13 .

V. What is not CSR

-:CSR activities will not, however, include the following

;a) Activities undertaken in pursuance of the Company’s normal course of business

;b) Activities which benefit only the employees of the Company and their families

;c) Contribution directly or indirectly to any political party

.d) Activities undertaken outside the country

:VI. Total Outlay

From 1st April, 2014 in line with the requirement of the Companies Act, 2013 AEL will contribute at
least 2% of the average net profits of the Company made during the 3 immediately preceding
financial years specifically towards CSR initiatives. For this purpose, the net profits shall be calculated
in accordance with the provisions of section 198 of the Companies Act, 2013 read with the
.Companies (Corporate Social Responsibility Policy) Rules, 2014

The Company may spend up to 5% of total CSR expenditure in one financial year on building CSR
.capabilities

:VII. Modalities & Execution of Projects / Programs

:a) CSR Committee

AEL has constituted a CSR Committee of the Board consisting of Mr. Ulhas Gaoli, Mr. Rishi Kumar
Bagla and Mr. Anant Kandoi. Mr. Ulhas Gaoli shall act as Chairman of CSR Committee and Company
.Secretary of Company shall act as Secretary to CSR Committee

:b) CSR Vehicle

CSR activity will be under taken either by the Company or through any other entity e.g. Registered )1
.Trust / Section 8 Company (under the Companies Act, 2013)
If any donation / contribution are to be given to any other entity for CSR activity, preference shall )2
be given to such entities / Trusts having track record in undertaking similar programs as specifies
.above

Further in such a case, the Company will specify the project or programs to be undertaken )3
through these entities, the modalities of utilization of funds on such projects or programs and the
.monitoring and reporting mechanism

The Company may also collaborate with other companies for undertaking projects or program in )4
such a manner that CSR Committees of respective companies are in such a position to report
.separately on such projects or programs in accordance with the prescribed CSR Rules

The Company may establish CSR capacities of its own personnel as well as those of the )5
implementing agencies through institution with established track records, subject to the prescribed
.rules

:c) CSR Conduct

.The conduct of CSR activity shall be implemented by CSR Committee of AEL )1

The CSR Committee shall be responsible for activities to be undertaken under CSR policy and )2
.shall report at periodic intervals to Board of Directors

Implementation will be done as per requirement of the project or the program which is )3
.envisaged

The CSR Committee may also work with any NGO’s or institution to design and implement )4
.innovative projects independently or through partnership between such NGO, institution/trust

The time period / duration over which a particular program will be spread, will depend on its )5
.nature, extent of coverage and the intended impact of the program

The process of implementation of CSR program will involve the identification of programs, area )6
.of CSR activities, project based approach, time period, cost of the projects etc

All proposals of CSR activity shall be discussed & decided by CSR Committee either in its meeting )7
.or through electronic means of communication such as mails, teleconference, videoconference etc

The CSR Committee would recommend the proposal of CSR and the amount of expenditure to be )8
incurred on the same to the Board for its approval. 9) Voluntary participation by employees of AEL
who are not members of CSR Operational Teams at project /plant sites, and family members of such
.employees, shall be encouraged in the implementation of CSR activities

: VIII. Monitoring & Assessment

:a) Release of Funds for CSR projects / program

The amount sanctioned for a CSR project or program will be released in stages or installments as per
progress, as may be determined by the CSR Committee. CSR Committee may design the procedure /
guidelines applicable from time to time and release of funds to any projects in a year shall be as per
.guidelines finalized by CSR Committee

:b) Review by Board / CSR Committee

The Board of Directors / CSR Committee will review the implementation of CSR activities from time
.to time

:c) Utilization certificate

Fund released / to be released to the implementing agency would be based on the satisfactory
utilization certificate duly certified by an authorized officer / principle officer of donee entity and
satisfactory performance report submitted by the said person, as may be decided by the CSR
.Committee

:d) External Agency Assessment

If CSR Committee deems fit, the impact assessment / evaluation of major projects may be carried
.out by an external agency to critically assess the fulfillment of project objectives

:e) Audit

.The amount spent on CSR by the Company will be subject to audit

-:f) Reporting in the Annual report of the Company

CSR Policy and initiatives of the Company will be reported in the Annual Report of the Company in
.the manner prescribed under the CSR Rules. CSR policy will be posted on the company’s web-site

:IX. General

a) The CSR Policy referred to above is to be read in conjunction with Companies Act, 2013 and The
Companies (Corporate Social Responsibility Policy) Rules, 2014 and any further amendments,
.notifications, circulars, etc as may be prescribed by Ministry of Corporate Affairs in this regard

b) Any or all the provisions of the CSR policy would be subject to revision / amendment in
accordance with the guidelines on the subject as may be issued from the government from time to
.time or as decided by the Board of Directors of the Company

c) The above policy guidelines are subject to review at suitable intervals and subject to revision
.accordingly

WHISTLE BLOWER POLICY / VIGIL MECHANISM

)Pursuant to section 177(9) of the Companies Act, 2013 (

Introduction .1

Aurangabad Electricals Ltd. (AEL), a Bagla Group company, is committed to conduct its business in
accordance with all applicable laws, rules, regulations and various policies framed by the
management and highest standards of business ethics, honesty, integrity and ethical conduct. Many
times a violation does not affect an individual directly, but the same could prove detrimental to the
interest of the company. Individuals hesitate to report such violations out of fear or indifference.
Therefore, this Whistle Blower’s policy / Vigil Mechanism is being established for the Directors and
.Employees to report violations/ their genuine concerns without fear of victimization

Applicability .2

.This policy is applicable to all the Directors and Employees of the Company

Scope .3
This policy will be applicable for violations of laws, rules, regulations as applicable to the Company or
integrity norms such as unethical behavior, suspected or actual fraud, violation of the Code of
Conduct, taking bribes, confidential information being leaked out, misuse of company’s resources,
favors shown or demanded from business associates/partners, violation of statutory requirements,
etc. or where any employee / director has information that organizational interests are being
.compromised and it is not a normal business decision

.As a rule, anonymous complaints will not be entertained

Process for reporting .4

The director and employee who comes across any matters referred above will address the complaint
along with the available details and evidence to the extent possible, to any member of the
:Enforcement Committee consisting of the following officials of the Company as members

i. Shri V A Pol - COO1

ii. Shri P.C.Agrawal – Vice President (Corporate)

iii. Shri S. Majumdar - Associate Vice President (Corporate HR)

.Shri V A Pol will be the Chairman of the Enforcement Committee

The complaints should be addressed to any of the Enforcement Committee Members at the
:following address

Aurangabad Electricals Ltd. Gut No. 65, Village Chitegaon, Taluka Paithan, Dist. Aurangabad –
.431105

The Enforcement Committee will report to the Chairman & Managing Director of the Company or
.Chairman of the Audit Committee

Any grievance against any member of the Enforcement Committee should be addressed to the
.Chairman of Audit Committee or Chairman & Managing Director at the above address

The complaints received by a person other than an Enforcement Committee member, shall be
required to be forwarded to the Enforcement Committee. The identity of the complainant will be
.protected and will be known only to the Enforcement Committee

The Directors in all cases and employees in appropriate or exceptional cases will have access to the
.Chairman of the Audit Committee

Actions to be taken by Enforcement Committee .5

The Enforcement Committee may meet the complainant, if necessary. They may also appoint any
suitable person or group of persons to investigate the case, but will ensure that the identity of the
.complainant is protected

The Enforcement Committee will evaluate the complaint and recommend action, if any, within four
weeks to the Chairman & Managing Director or Chairman of the Audit Committee. The final action to
.be taken will be decided by the Chairman & Managing Director or Chairman of the Audit Committee

The analysis of the case and the action to be taken may not be communicated to the original
.complainant
In case of repeated frivolous complaints being filed by a Director or an Employee, the Enforcement
Committee or the Chairman & Managing Director or Chairman of the Audit Committee may take
.suitable action against the concerned Director or Employee including reprimand

Protections against Victimization .6

Whistle Blower will be protected from any kind of discrimination, harassment, victimization or any
other unfair employment practice. Director and Employee who has complained under this policy
would be protected from any adverse action against him. The Chairman & Managing Director or
Chairman of the Audit Committee may take disciplinary actions against the person who takes
.retaliation action against the whistle blower

POLICY ON PREVENTION OF SEXUAL HARASSMENT OF EMPLOYEES

OBJECTIVE 1.0

To define guideline process & authorities to prevent sexual harassment at work place by 1.1
assuring every employee that the management takes a zero tolerance towards those indulging in
.any form of sexual misconduct

POLICY 2.0

AEL - is an equal employment opportunity organization. The company believes that all 2.1
employees have the right to be treated with respect and dignity, by providing safe & secure working
.environment to all male & female employees

SCOPE 3.0

This policy extends to all employees of the company and is incorporated in the service 3.1
.condition of employee with immediate effect

Sexual harassment would mean any of the following 3.2

Unwelcome sexual advances involving verbal, non-verbal or physical conduct, such as sexual )I(
intended comment, letters, gestures, phone calls, emails showing of pornography, physical contacts
.or molestation

Request or demand for sexual favors in return of employment, promotions or for benefit of a )II(
.person towards any company activity

.Any act or conduct by a person which creates hostile environment for the other sex )III(

COMPLANT REDRESSAL COMMITTEE 4.0

The following committee has been constituted by the management to consider & redress 4.1
.complains of sexual harassment
Plant head: - Chair person )I(

Operation Head:- Member )II(

Ethics councilor of the concern plant:- Member )III(

One female employee working in the highest grade amongst female employee in the concerned )IV(
plant on that particular calendar year :- Member

Plant HR head:- Member )V(

A quorum of at least 3 members is required for holding the meeting, out of whom one must 4.2
.be a female

REDRESSAL PROCESS 5.0

Any employee who feels and / or is been sexually harassed as per above scope (Clause 3.0) 5.1
must submit a complaint of the alleged incident to any member of committee in writing with
.signature as soon as possible, preferably within 3 days of occurrence of the incidence

Committee will maintain a register to record complain and will keep contents confidential 5.2
.except for the use of specific investigation

Committee will hold meetings as soon as possible, preferably within 3 days of receipt of 5.3
.complain

Under desire of the complainant a lady officer for lady employee or a male officer for male 5.4
employee can record the statement & further enquiry can be conducted if the complaint falls under
.the purview of sexual harassment as per clause 3.0 of this policy

INQUARY PROCESS 6.0

The committee shall handover the copy of the complaint to the person against whom the 6.1
complaint is made and will ask him/her to submit a written explanation as soon as possible
.preferably within 3 working days of receipt of the same

The complainant shall be provided with a copy of written explanation submitted by the 6.2
person against whom complain is made and will provide opportunity to both for putting forward and
.defending their respective case

The committee shall complete inquiry within one month and will communicate its finding to 6.3
.HR Head, on the basis of which HR head will take appropriate action

The committee shall be govern by such rules formed by the supreme court for sexual 6.4
.harassment

In case the committee finds the degree of offence coverable under the Indian penal code, 6.5
then this fact shall be mentioned in its report by HR head and appropriate action shall be initiated by
.the management for immediate police complaint