TERM SIIEET (Srr.ics.t-rlQi-dared-!2lseptember 201?

Securitt Name 1.3'7yo lIlTL. I 2{' Scprembcr 2019

Issuer Indiabulls llousing Finance Lirnitcd

Tl'lle of Instrumenl Secured Rcdeemable Non-Conyerlible Debcntures

Nature of lns(rumcnl Secured

Senioritl Scnior

Mode of Issuc Privstc Placeln€nt

Eligible Inr,cstors Onh' the persons $'ho are specificallv addressed though a cotnmunicaton arc
eligible to applv for the Debentucs. No other person can ipply.

Listing National Stock Exclunge of lndia Limited and BSE Linited

"lCM AAA'' by ICRA

Raling
"CARE AAA" by CARE Ralings

Issue Sizr (Rs) Rs. 125 Crores (Rs. One Hunrlred and Tsenly Fir,g f,rores Onll)

Option to rctain
N.A.
oversubscription {R1.)

The objed of thc issue is to augmenl lhe long-tenn resourcrs of the com;nny
Objttts of the lssuc
(deploymcnt of fulds on its o$'n balance sheet).

Details of the utilization of

The procecds of lhe issue rvill be used for various financing / rehruncing
requiremcnls of the company itcluding for lending. capiial expenditue, business
lhe proceeds
operalions and lvorking capibl requirements

Coupon Rate 7.37o/op.a.

Step Up / Step Dorrn Coupon Coupon wiU step do\rn to 7.12% [from deemed date ofatlorment to puvcall option
Ratc datc in case putcall option is ex€rcisedl

Coupon Paymenl Frequency Payable Anmully & Al Maturi$.

Coupon Palment Dates l2d Seplember 2018. l2'h September 2019

Coupoa Typc Fixed

Coupon Rcset Not Applicablc

Day Count Bo$is Actual / Actual

lntcrcst on Applicalion
N.A.
lvtoneJ

l0 case of default in pa),rnent of interest and/ or principal rcdemption on lhe due

dates. the Cornpany shall pat additional inlerest at lhe rate of2.00oz p.a. over tlre
Oefault Intercst Ratc Coupon R te for the defaulting period i.e. the period comnrncing frour and
including thc date ou rvhicl such anount becornes due and upto but e\cluding the
date on $lich such anlounl is acluall! paid.

Tenor 2 Years
 Redemption Date l2'r' Septenlbcr 2019

Redemption Amount Rs. 10.00.0001- p€r NCD

Redem;rtion Pr.emium At Par

Issuc Price Rs. 10.fi).000i. per NCD

Discolnt rt Nhich security is

issued and ahe effectivc rield N,A,
as a result of such discount

Put Option Dtt€ l2!' September 2018

Rs. 10.00.000/- per NCD (Coupon u,ilt srcp down ro 7.32olo lfrom deemed dare of
Put Option Price
allotnenl to put oplion datel in case put oprion is exercised)

Call Opiion Date I 2'' September 20 I 8

Rs. 10.00.000/- per NCD (Coupon will srep do$n to 7.32% lfrom deened dalc of
Call Option Prit4
allotrEnt to call option datel in case call option is exercised)

Put Notifrcation Time 7 calendar days prior to Put Option date

Call Notification Time 7 calendar davs prior to Call Option date

Facc Value Rs. 10,00.000/- per NCD

lllinimum Subscription l0 Debentues of Rs. l0 laklN each ard inrndriDle of l0 Debentues lhereaier

IsJu€ Opening Dat€ l2'r' Seplember 2017

Issue Closing Date I 2u' September 20 | 7

Ps)-in Date l2d' September 2017

De€med Date of Allotntcna I 2n September 20 I 7

lssuam€ Mode D€materialised mode only

Trading Mode Dematerialised mode onlv

Settlement Mod€ RTGS/NEFt/Fund Transfer

Dep$itories NSDUCDSL

Busincss Day Convention R€fer "Effed on Holidays" in tlle ShelfDisclosure Document

Record Dst€ The rccord dale will be 4 days prior to each inlerest payment / principal repyment
oate

The Secured NCDS proposed ro bc issued rvill be secured by a first rankhg

paripossu charge on the culrenl assets (including invcslments) of the Cornpany.
Security
!"{]| ryrol! and future; and on presenl and future loan sss€ts of lhe Company,
il"lr3g .1*"1.r .:11! f"ae principal amount and inreresr thereon.

Secrrit!'CoYcr Tltc sccuriq co\€r $,ill be at leasl

N:?:131t'":jlun",,t
irl"r", *u,r"a,rW*l *il;i,;,
of NCDs"r,n"
",*ure
'l'rdnsaction Documents . Term Sheel
Letter
 Conditions Precedcnt to
Disbursemenl

Conditiotrs Subs3quent to
Disburscmert

Er€nk of Default

Proyisioos rehted to Cross

Defarlt Clause

Role rnd Responsibilities of

Debenture Trr|stee

GoYerning Law and

Jurisdiction

ArrrDgcrs to lhe lssue (if

N.A.
an-v)

Cash Florvs in respect of Debenture of fac€ v&lue Rs. l0 lakh$ for th€ series J_00S

The above tablesate illustrati\€ and indicative. The

actual dates and miatudty amount wiu be in accordance
compliance nirh rhe provisions of SEBI circular to and in
CIR/IMD nr-tiliitiw-A axraN*.rnu*
to adual holidays and dates of maturity which qualifics ii iorid;,i"g #."t
tlr SEBf ..oulr"*_t.

['inance Limited
IDBI Truskship Services Ltd
CIN : U65991MH200IGO[31lS4

No. IATSUopR40l7-t 8
Jun€ Il,2017

hdirbulls Ilousing Fiuncc Llmlted

lTrh Roor, Indiobulls einance Centcr.'
tnsfti B.p6t Marg, Hphirurone Rod,
Mumbei - 400Ot 3.

Kird Aatn: lLrr!ll Suyrruhr

Dcar Sir,

This hts rsfacnc€ to our discussimrguding

drc rppointmcot ofIDBI-nTrusrccship Srrviocs
trii s"r*4 uu"C L, N*conr*iblsLrd.Redeqnoblc
Dcbentur€ Trusr€c for thc comoanv'sympced QTSL) at
Debenturcs (.wCDs") of 16,000 6ro,"sG#"p?#Hiff*u*
upro t0
u.' * b.b'r",. i*;-ir; 3arnc, subiccr Fars.
"oR tn ftis
ffift XtrH"fffi 'o ro thc comFsy

l. Thc Comtany Egrees snd urdcda&cs

tro cftafc thc scorritics, r{hcrwGr
tpplic|Hc,
immovabtc rnd moveebtc r-1ti*
gU
botdss snd discto6c in tic r"ror.uion ";
*"h,fil;;iijl, * ro*
over sush of its
by rhe Dcbcntun
il;Jf,; ;-#Ji#; Doqmenr Erd exccurc, rh.
Debeour Trusl H and othcr necessary sco'ity doourents
fui each scrics of debffturc$
8pprovcd by the Debo,tur rrusue,_wilhin prri"d-;, as
"
or Disclosurc Doonc,o in any cosc nor cxcooding "fi-b, *,rr";;o"r",hcofInfomrarior
l ,ffi-iii drotmed.
Mcrnorandum

2' rre compury o*rcca & underorcs-to py ro rlre

t'e Deb.nrrc Trushc' r',nun€rarkn'"; ;; -;b.";;';F:;.o
Debcntwe Trutcs so tong ei drey hord tlra
offioe of
addirio lo at rc*ar, rrwrinc rnd_ o.hcr rr Debcor're Tr*r.e in
rhcir oscers, cmplo)€cs o. icars.S-v
,*- ;h.G il'#;Jwhidr the Debcnt'n Trusrac or
inc'r in rctiion m ex[urion of rc fn s Deed
Doclmals affcaing urc Sccudrv tilt rbc and rll orhcr
grd rhc nguisic formrririo
rn-* *t"l,i'.
i. ii.'t rrurcs have bsr fuly paid-off
ra icisru"o- oiJ"ry"itlil;&1; r*r *.pricd wir'.
3. Tte Compony agrs & undert k€s.I-q11{t
witb, wlorwor rpplicrblc, ile poviskus of SEBI
(Dc$cr"ui T.6re€6) Rc*rt8tiorc., r2e-ra
200E' sEBI Cirorrar No. SEBUTMD/D.'F-,r.
srioi 0*; ;;;l;;? Dsbt Sccurirics) R€sutations,
Agr.sme.d
tiai,opfr,oit,5 ii^tnw Lising
for'Debr securitics *ad with &e sEBi
dr*L;-rio;6iavorpon ^simy'ifiad
rrrowprcir_saoos
dared rhe 26rh Nowmbcr, 2o09. dE
ConpsndAct ltil#;;;ticabta provisions as amended
fiom.rimc ro tirne sgrcc, ro fiu'ish ro
'nd *,o;;;#";;;f; terms of rhc sanrc on ,E8ut",

Wc rn atso rgreeable for indsion of_or.v nrmc rs tugoc in thc

Compaay,s offtr doqment/disclosurc
olhcr docrment to bc filcd wirh rhe'sroct
lffi'-'*fg"icdion/any F.xchrngds) or .,,y o*|cr

Yours Fai&tully,

Fof lDBl Tngccrhip Scrvicrr l-t,rrlacd

r
lndiabulk RouClg F,lnrncr Limitld
For

ffi",rn,,.o

Regd' ofif,ce 3 Asian Buirdino. Ground Hoor, 1z R

Karnani Marg, Balard Estate, r4umbai - rr0o 001.
rer. : 0224080 7000 . Fax , oii+s'
izzo-.'rniali,'itri6ilurilxu".-, . r€sponse€Drdbrru*ee.@.n
Wbbsite : wwwidbibustee.com
ffie$s*&&e
Kas&s&xrs & $eX&s t-LF Chnftered Accountants
lndi6bulls Flnanae Centre.
Towe. 3, 27th.32nd Floor,
SenapatiBapat l'lar&
Elphinstone Road (West),
N4umbai- 400 013.
Maharashtra,lndia

Tel: +91 22 6185 4000

Fax: +91 22 5185 4101

PSTQR'5 R.EPORT
TN DTPFN D€T.IT A{J
TO T}iF MEM&ERS OF INETABULLS HOUSING FINANCE LTMITED
Report on the Consolidated Finaneial Statements

We have audited the accompanying consolidated financial statements of II.lDIABULLS

HOUSING FINANCE LIMITED (hereinafter referred to as "the Holding Company") and
its sutrsidiaries (the Holdinq Co'rnpany and ils subsidiaries together referred to as "the
Group,') and its associate, comprising of the Consolidated Balance sheet as at March
3I, 2A17, the Ccnsolidated statement of Profit and Loss, the consolidated Cash Flow
statement for the year then ended, and a summary of the significant accounting
policies and other explanatory information (hereinafter referred to as "the consolidated
financial statements").

Management's Responsibility for the Consolidated Finantial Statements

The Holding company's Board of Directors is responsible for the preparation of these
consolidated financial staten'lents in terms of the requirements of the Companies Act, 2013
(lrereinaftcr referred to as "the Act") that give a true and fair view of the consolidated
financial position, consolidated financial performance and consolidated cash flows of
the Group including its Associate in accordance with the accounting principles
generally accepteci in India, inciuding the Accounting Standards prescribed under
iect!cn 133 of the Act. The respeclive Board of Directors of the companies included in
the Group and of its associate are responsible for maintenance of adequate accoLlntlng
records rn accorciance u,,ith the provisions of the Act for safeguarding the assets of the
Group and ils associate and for preventing and deteating frauds and other irregularities;
the selection and application of appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and the design, implementation and
maintenance of adequate lnternal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements that give a true and.fair view
and are free frcm material misstatement, whether due to fraud or error, which have
been used for the purpose of preparation of the consolidated financial statements by the
Directors of the Holding Company, as aforesaid,

Auditor's Resrlofl sibilitY

Our responsibillty is to express an opinion on these consolidated financial statements
based on our auciit. In conducting our audit, we have taken into account the provisions
oi the Act. the acccunting and auditing standards and matters which are required to
be Included in the audit report under the provisions of the Act and the Rules made
the reu nder.

We conducted our au.lit in accofdance with the Standards on Auditing specified under
section 143{10) cf the Act. Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance aDout
lvhetherthe consoliclated financial statements are free from material misstatement.
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Regd. Ofllce: 12, Dr. Anni€ Besant fica$ Worli. Munbai - 400 018, India {l LP ldentification N0.
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An audit involves performing procedures to obtain audit evidence procedures

about the
amounls and the disclosures in the consolidated financial statements' The
selected depend on the auditor's judgment, including the assessment of the risks of
material rnisstateme nt of the con;olidated financial statements,. whether due to fraud
or error. In making those risk assessments, the auditor considers internal financial
control relevant t0 the Holding Company's preparation of the consolidated financial
stdtements that grve a true and fair view in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness
oi the accounting policies used and the reasonableness of the accounting estimates
ir.tade by the fiolding Company's Board of Directors, as well as evaluating the overall
presentation cf the consolldated financial statements.

we believe that the audit evidence obtained by us and the audit evidence obtained by
other auditors in terms of their reports referred to in the other Matters paragrapn
below, is sufficient and appropriate to provide a basis for our audit opinion on the
consolidated financial statements.

Opin ioB

In our opinion and to the best of our information and according to the explanations
given to us, and based on the consideration of reports of other auditors on separate
iinancial statements of the subsidiaries and associate referred to in the other Matters
paragraph below, the aforesaid consolidated financial statements give the information
,.uquir"O by the Act in the manner so required and give a true and fair view in
conformity. with the accounting principle s generally accepted in Ind,ia, . of - the
consolidafed state of affairs of the Group and its associate entity as at March 31' 2077,
and their consolidated profit and their consolidated cash flows for the year ended on
that date.

oth€r Matters
Vle did not aurJit the financial statements of f!fteen subsidiaries, whose financial statements
reflect total assets of Rs.40,943,519,949 as at March 31, 2017r total revenues of
Rs.4,316,9C3,311 and net cash inflows amounting to Rs,612,445,610 for the year ended
on that date, as considered in the consolidated financial statements. The consolidated
iinancial statements also include the Group's share of net loss of Rs'21,591,190 for the
year ended March 31, 2017, as considered in the co.nsolidated financial statements, in
iespect of one associate, whose financial statements have not been audited by us. These
financial statements have been audited by other auditors whose reports have been
furnished to us by the Management and our opinion on the consolidated financial
statements, in so far as it relates to th€ amounts and disclosures included in respect
of these subsidiaries and associate. and our report in terms of subsection (3) of section
143 0f the Act, in so far as it relates to the aforesaid subsidiaries and associate is based
solelv on the repofts of the other auditors.

0ur opinion on the consolidated financial statements, and our report on othef Legal
and Regulatory Requirements below is not modified in respect of the above matters
\,! lfJl reJpect to our reliance on the work done and the reports of the other auditors,

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Report sn Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, based on our audit and on
the consideration of
the report of ather auditors on separate financial statements and the other financlal
paragraph above
information of subsidiaries and associate referred in the Other lvialters
we re port that:

(a) We have souEht and obtained all the lnformation and explanations which
to the-
audit of
best of our kiowledge and belief were necessary for the purposes of our
the aforesaid consolidated financial statements'

o r opinion, proper books of account as required by law relating to

preparatlon
(b) In
of the aforesaid consolidated financiai statements have been kept so far as it
appears frr:m our examination of those books, returns and the r'eports of the
other au d ito rs.

f.) The Consoiidated Balance Sheet, the Consolidated Statement of Profit and
Loss, and the Consolldated Cash Flow Statement dealt with by this Report are
in agreement with the relevant books of account maintained for the
purPose
of Ireparation of the consolidated financial statements'
(d) In our opinion, the aforesaid consolidated financial statements comply with
the Accounting Standards prescribed under Section 133 of the Act'

On the basis of the written representations received from the directors

of the
{e) by the Board of Directors
ftoljltq Co*puny as on March 3L,2OL7 taken on record
of the Hol<Jing Company and the ieports of the statutory auditors
of its subsidiary
companies incorporated in I dia, none of the directors the
of Group companles
appointed
incorporated in india is disqualified as on March.31 , 2077 from being
as a director in terms of Section 164 (2) of the Act'

(f) Withrespecttotheadequacyoftheinterna|'financialcontro|soverfinancial
ieporting'and the operating eifectiveness of such controls, refer to our
separate
nJport ii,
,,Annexure n," w-nicn is based on the auditors' reports of the Holding
company, subsidiary companies incorporated in India'. Our report
expresses an
unmoclifieciopinion0ntheadequacyandoperatingeffectivenessoftheHolding
io*prny', and its subsidiary company's incorporated in lndia internal financial
contfo ls over financial reporting.

(s) withrespecttotheothermatterstobeinc|udedintheAuditor'sReportin
accordance with Rule 11 of the companies (Audit and Auditor's) Rules, 2014'
as
the
amended, in our opinion and to the best of our information and according to
exp la natiO ns g iven to us:

L The consolidated financial statements disclose the impact of pending

litigatir:ns on the consolidated financial position of the Group and its associate
*[ieferNote3l(a),(b)and(d)oftheconsolidatedfinancialstatements

provision has been made in the consolidated financial statements, as required

under ihe aDplicable law or accounting standards, for material foreseeable
.
losses, if any, on long.term contracts inc|uding derivative contracts Refer
Note ZBil) of the consolidated financial statements

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ifi. There has been no delay in transferring amounts, required to be transferred,

to the lnvestor Education and Protectlon Fund by the Holding Company and
lts subsidiary companies incorporated in India.

The company has provided requisite disclosures In the consolidated financial

statemen|Sasregardsitsholdinganddea|ingsinSpecifiedBankNotesas
defined in the Notlfication 5.o. 3407(E) dated the Bth November, 2016 of the
Ministry of Finance, during the period from 8th November 2016 to 30th
December 2016. Based on audit procedures performed and the information
and representations provlded to us by the management we report that the
disclosures are in accordance with the relevant books of accounts and records
maintained by those entities for the purpose of preparation of the
consolidated financial statements and as produced to us and the other
a ditors by the Management of the respective Group entities, except for the
amounis stated in note 4t(1) and 41(3) to the consolidated financial
statements where we are unable to obtain sufficient and appropriate audit
evidence to repo rt.

For DELOiTTE HASKINS & SELLS LLP

Cha rtered Accou ntants

rtlrl
(Firm's Registration No. 117366W/W-100018) |
n il
ti x
I \ -'n"-lt,i.I/L
A' siddp;:l
(MembershiP No' 31467)
MUMgAl, April 24, 2017
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ANruEXURE.A- TO ?}"IE XNDEPEI{Df NT AUEITOR'S REPORT

{Refenred to i.l paragraph (f) under 'Report on other
Legal and R€gulatory
Requirernents' $ection erf our report of even date)

Report on the trnt€rfial Financial controls over Financial Reporting under clause
("the Act")
{i} of Sub-s€etion 3 of Section 143 sf the Companies Act, 20t"3
In conjunclion with our audit of the consoliciated financial statements of the Company as
of anti for the year ended l'larch 31,2aI7, we have audited the internal financial controls
over financial repomrng of INDIABULLS HOUSING FINANCE LIMITED (hereinafter referred
to as .,the lo!ding Company") and its subsidiary companies, which. includes internal
financial controls over financial reporting of its subsidiaries which are companies
incorporated in India, as of that date.

ManaSement's Responsibility for Internal Financial Controls

The rJspeetive Board'of Directors of the Holding company and its subsidiary. companies
which are companies incorporated in india, are responsible for establishing and
maintaining inteinal financial controls based on the internal control over financial reporting
criteria est;blished by the respective Companies considering the essential components of
internal control stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial R.eporting issued by the Institute of chartered Accountants of india
(lcAI). These
responsibilities include the design, irnplementation and maintenance of adequate internal
financial controls that were operating effectively for ensurinE the orderly and efficient
policies, the
c0ndu(1 ot ;is bir5rness, irrcluriing adhcrence to the respective company's
safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy
-completeness
and of the accounting records, and the timely preparation of reliable
financial informalion, as fequired under the Companies Act, 2013'

Auditor's R€sPonsibilitY
our responsibility is to express an opinion on the internal financjal controls over financial
reporting of the Holding Company and its subsidiary companies which are
companies
in with the
iniorpotit"a in India, ba'sed on our audit. We conducted our audit accordance
(the
Guidance Note cn Audit of Internal Financial controls over Financial Reporting
"Guidance Note") issued by the Institute of chartered Accountants of India and the
standardsonAuditing,prescribedundersectionl43(10)ofthecompanies-Act,2013,to
and the
the extent applicable to an audit of internal financial controls. Those standards
and plan_and perform tne
Guidance Note require that we comply with ethical requirements
financial controls
audit to obtain rcascnable assurance about whether adequate lnternal
over financiai repcrting lvas established and maintained and if such controls operated
effcctivelf in dil rxatel ial rcspects.

Our audit involves performing procedures to obtain audit evidence about the adequacy
of
the internal financial controls system over financial reporting and their operatin9
effectiveness. our audit of internal financlal controls over financial reportlng included
obtaining an understanding of internal financial controls over financial reporting, assessing
the risk that a material weakness exists, and testing and evaluating the design. and
procedures
operating effectiveness of internal control based on the assessed ri5k. The
selected-depend on th€ auditor's judgement, including the assessment of the risks of
nta\erial nr ii;t;rli: rrr cn t ot !lte financial :jtalements, whether due to fraud or error.
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Ke$kin$ &: Ee|f$ LLP

we believe that the audit evidence we have obtained and the audrt evidence obtained by
other auditors of the subsidjary companies which are companies incorporated in India, in
terms of lheir reports referred to in the Other Matters paragraph below, is sufficient and
appropriate to provide a basis for our aud it opinion on the internal financial controls system
over financial reporting of the Holding Company and its subsidiary cornpanies which are
comDanies incorForated in India.

Meaning of Internal Financial Controls Over Financial R€porting

A company's internal financial control over financial reporting is a process designed to

provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company's internal financial control over financial
reporting includes ahose policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance
regarding prevention or timeiy detection of unauthorised acquisition/ use, or disposition of
the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Int€rnal Fi ancial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting,
including the possiirility of collusion or improper management override of controls, material
misstatements due to error or fraud may occur and not be detected. Also, projections of
any evaluation of the internal financial controls over financial reporting to future periods
are subject trr the risk that the internal financial control over financial repofting may
become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate,

0pin icn

In our opinion to the best of our inFormation and according to the explanations given to
us and based on the consideration of the reports of other auditors referred to in the Other
Matters paragraph below, the Holding Company and its subsidiafy companies which are
companies incorporated in india, have, in all material respects, an adequate internal
financial controis system over financial .eporting and such internal financial controls over
financia! reporting were operating effectively as at March 3I,2Af7, based on the internal
control over linancial reporting criteria established by the respective companies
considering the essential components of internal control stated in the Guidance Note on
Audit of Internal F!nancial Controls Over Financjal Reporting issued by the lnstitute of
Chartered Accountants of india,
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other Matters
Ou!' aforesaid repod under Section 143(3)(i) of the Act on the adequacy and operating
eifectiveness oi the internal financial controls over financial reporting insofar as it relates
to fifteen sutlsidiary companies, which are companies incorporated in India, is based solely
on the corresponding reports of the auditors of such companies incorporated in India.

Our opinion is not modified in respect of the above matters.

For DELOITTE I-IASKINS & SELLS LLP

Charter€d Accou ntants
(Firm's Registration No. 117366W1W-100018)

A} J M/L A. Siddharth
Partner
(Membership No. 31467)
[4UMBAI, Apfil 24, 2017
 Indi|bnlb Hodllng Flninca Llmlbd Grotp

conslldato{t Sairnca Ehaat ti tl lraroh 11, 2017

PlttlculBft l{ole Lo. A. 3t ilr&b 3t, 2017 A6 at Mtreh 3t,201S

Arnount (R..) Arnour* (et.)

I. €qUTTY ANO LI,ABILITIES

{1} Shrrahold.r!' fuftdr

Shars cspital 3 €47,712,O4O 842,583,924
R€setu€s and surplus 120 ,372,e42,674 '106,09€,649,534

{:) thrla applicalio mcnat pandlng ,llobfirnt 4,051,375

{31 ori+ur.snt lLrbllfdoa

Loog.t€rm borr',$no5 541,160,172,705 355,212,567,188
O€f6ned rs! liabihlies (nel) 7 1,183,5{8,15.1 s12,415,702
Othor long-iem liabi,ides I 1.590,869,514 1,540,882,457
Lon0-lom p{orislong 7,650,723,113 8,605,106,992

{i) C$trcit lhbllltlEi

Short{Bii bono}rings 10 '180,329.975,860 1,13.108,188,796
Tl&de payablas t1
(A) Tot8loutlundin! dre3 ol mic{o enleryris€s and small
enlgrFnser;and
(8) Tolal out6landifig due€ ot c.odilo,s olhff theo ftlcro
50,355,798 s0.086.114
onloefiles and Small enterprire!
Oltroa cunefl I liabililios 12 1AO,746,ga',712 140,575,388,958
Short-tenn provi8ions 13
Tot l 1,037,063,909,6t9

[. A3gETS

(t, Nonsrrrnt !!rab

Fired asgets
(A) Ian{ible s$r€t3 - P&p€.ty, Plant and Equiprnanl 902,8,t3.498 865,025,828
{8) Intan0ible scsets 10E,204,380 20,550,075
Goodriil on Con3olideLbn 't5 6?,90't,370 871,,131,651
No {illrant in,,tsslt 6nts 16 7 ,87 ,257 ,255 7,243,252,8U
O6l6nod tax *tot5 (ngl) 17 80,510,808 52,828,651
long-iom loans and advances 18 743,078,818,580 535,227,240,839
Olher non-r,unsnt assels 19 2,321,038,862 4,143,377,208

(21Cunentai!at8
Curleri invosbn€ntra 2A 128,199,111,097 95,485,240,722
Trade receivabl6g 21 144,882,925 27,474,417
Cash ond clsh eq!ival€n1e s8,825,250,027 28,017,008,725
$hod-tem loana snd advances 23 87,797,809,502 73.765,635,822
Gifior crrrrcnt assstt 24 8.950.00?,007 6,857,899.470
Tobl 761 ,lit ,$8,711
Not€s tor.ning part ot tte finrncial stalenknts 1-12
ln tenns of our a€poi q lched

For Deloitlo Hsrkins & Solls LLP For End o0 b€half of lho Bo6rd of Dlreclors

X-,A,LK Gohlaut Omprstseh l(umar

Vyhole Tlme DiEctor
/ l4/hole Time oir€c'to.
DIN r 00000703 Ola'l : 03341114

t"",i
rv \ v' Muk$h Garg
cFo Company Socrolary

Mumbai, April24,2017 New D€lhi, Apdl24, 2017

 l.dl.bxlh Hourlng tlnanca Limtlad Gto!p
got|' olldtled Strt ot P.ofrt rnd Lo.r for lh. t'r.. .nded lletch 3l 20t ?
'tl.nt '

Fo. li.Yerr ond.d For th. Yo.l ttd.d

?{s1, l{o. lrs|ch tl,20{6
.r6h 31,2olt
Ariornt {Ra,} ftnou|'t (Rr.,

(1) Rav6nue f.om op€mlionc 25 103,990,371.564 a2,a99,274,280

{?) Other income 26 13.027,037.500 9,358,322,O43

(3) Tobl re\ienue (1+:) 117.0r?.a09,0?l t2.26t.5Si.323

{4} *p€n3e3
Employ.€ nensnb €rpEns€ 27 4,396.820,939 4,131 ,4*,287
2A U,107,744,917 49,714,322,458
Deprccblon and amartisalion e)qers€ 14 231,210.897 203,601r,7 r 1
29 9,983.773,268 6,917,5'12,586

_Tplfi- ::::::l-rl,giltm,r.r,oo.
{5) P.tfit b€fore Irx (g) 37,718,039,132 31.288d56.323

(6) fax expetu€

Curs|rl lax e)pens€ 8,269,104.975 7,525.175,032
Lelsr MAT C|Edit Entitcmenl
Net Cunent Tax expense
*._ 7?-!29-
8,289.032,799
550.66.''.762
6,974,610,270
C.ryBnt irx exp€n$o / (c.edil) relating fo prior years 42,817 (832.285)
Defened lax chtrge (Nsi) 1& 17 343.444,206 ?85,899,711

I oirl Tar €xpen3e s"s!r.6t9"tzl - ?,rsx6rfJre

---*
(7) Protit fo. 0rs Ye3. (5-6) 29,0E5,a19,370 2t,6?8,rn ,627

(8) L€6s: Sha.e ir loEs of Aneociste 21.591,190 81,511,214

-**-**2irGifrtmo-
(9) Prollt for lhe yaa. atlribuieuo to

('10) Lees: Sfure ot Prott sMbul€d to

itlnonv Inlel€d fI4)
Minorit Inle|est
----:!:m 133,5,{4

11 1 ) Profil for tle y6ar a8ibutlble b $e Sht.Bholders o( lhc

29,t)63,9t8,t80 23r,r7,t29,Etl
Campany (9-10)

i12) Esmings P€r Equi9 share:

gssic 68.80 59.84
Oilutsd 67.98 56.75

Face value per Equity sh6$ 2-OO 2.00

Notea forming part of the financial slalemonls 1- 42

In ierms of o{r €p6ri ,t chcd

For Deioitle Hsskhs & Sell! LLP

'.rr;i'.ri'4 4.r.lrJirJff\ t t
I A
ltlat,trl t E,/l
il U I t t J{l
f! | | I I III
r|,t
It/L ,. ,\,'L
r\ A n ,'./l \'
A. Siddhadh Cehlsut
Fsrh€r
/ Whda Tims DirEctor
olN : 00060783

,{4
.v ul'-
Mrkesh
cFo
6itg
-

AmitJrin
Comp€ny Slc'atary

Mumbai, April24, ?o'17 l,lar D€lhi, April 24. 2017

 Indaabu!ls Housing F'nanc€ Limited Group

Coneoljdal€d Cash Flow Slnlement forthe year€nded March 31,2017

For tha Year Gndod For lhe Yaarended

March 31,2017 March 31,2016
amount (Rs.) Amount (Rs.)

A Cash flowsfrom oporaling aclivilies i

P.oii{ bo{ore trx 37,718,039,189 31,288,655,323

Adlrstmenls lor:
Employee Siock Compensaucn 2,421,521 3.366,850
Prc!ision lor Graluily, Compensaled Absences and Superannualion Expense 276,473,225 268,561,974
Provision tor Loan Assels 4,597,761,116 2,334,770,686
Contingent Provlsions agaln5i Standard Assels 2,O23,624,082 1,144,500,000
lnt0resl lncome (s9,377,316,458) (78,418,268.272)
D vidend Income {7,632,6s8,221) (1,55s,435,640)
lnleresl Expense 63,177.723,S09 49,207,959,710
Dcp'eclalion 3od Arnoriisation c;pcnse 231.210$97 203,606,711
Bad Loans/Ad'r'ances wilien oll 1,392,141.562 1,589,308,401
flark to i!,la&€t loss o Cu.reft Inveslmenl 60,842,S80
Lass on sale on Fixed Assels 643,736 1,229,553
Un'eslised ltain or Mulual Fu.d lnvestrrerts iCur,€flt
{2,s86,685,952) (1.740,811,313)
rfl!est'no"b) (Not

Operaling Prciii be,fore woriing .^ilil;rl changes ----- ,rfi.,c2141 4prt,443Bs3

Adjuslnrenls for:
Trade and Olher Receivables
Lotns 3nd Advances
(3,533,626,900)
(222,341 ,957 ,241]'
-- 352,186.726
{151,150,357,986)
Trade Payabtes and other tiabiIiesi^':e' nrh'? *btr 12,'100,001,780 4.005,934,499

Cash {used iJt oFcralions

"*'-* -
irT{6eoBsoi?s)
"-*---*WW:tsui6
tllerest Rcccivcd 98,836,693,S75 76,8r2,350,194
Di!,idend Received 7,632,658,221 1,555.435,640
Intcrest Paid (54.668,204,836) (44,166,385.?74)
lrcome taxes paid (Net] {8,729,530,862) (8.16S,0S5,56s)

Ner cash ius€d in) opertting activities 0?031r/3410?4 (116/3rt8r:?s3)

B Cash flows froni irvesting actlli{ies :

Purchase of Fited Assets (560,632.8S0) (350,501,265)
Salc of Fixed Assels 3,217,082 1,412,244
nlovemenl in Capiial Advances (686,6ss,100) 1,038,061,618
{lnves|mefll in) I Prcceeds f.ofi deposil accounts (720,736,110) 449,365,272
inveslnrents in MLrlual,:un<Js (26.501,646,753) (44.469,482,803)
Investments In olher Long Term lnvesl.nents (Net) {s45,595,551)
hvestmerlin S ubsidiary / Associate I Other Loog lenn lnvestolents (6,519.515) (6,633.496,000)

Net cash (!s€d in)investing act;vities

------li,o18 jb8psn **-
{rcr?oslo$?t-
C Cash flows from llnancing ,ctivities :
Proceeds ticm lssle of Eq!ily Shii.e th'origh ESOPs {l6chrding Secuities Prcfirium) 75t,776,744 715,212,482
Proceeds kon Corrvc.sion oJ Shafe \lJaraols (lncluding Securilies pr€mium) 1,494,832,500
ProceeCs from Qirrlified Insliluiio nrl Pl.c€menl(lnclLrding Secunties Premi{rm) (Net) 39,291,719,457
Applica{iofl lvlonoy rece;vcd !gainsl ESOPs 4,051.375
Dlsldbuti0o of l;qLrity I)Nidends (including Coryoralc Oividend Tax ihcrecn) 03,778,027,088) 121,423,452,594)
Debenturc issLe cxpenses (1,798,965,3S2) {311,094,068}
Proceeds fron Tern loans (Net) 36,455,486,071 45,957,353,869
Proceeds from issle of CommercialPapers (Neo 63,140,000,000 12,840,000,000
' Net proceeds from issue of Secured Redeemable Non.Convertible Oebentuaes 145,202,587,833 67.133,832,580
Net plocelJds tron issue of Uflsccured Redee'nable Non-Convertible Debenlures 1.988.616,000
Nel proceeas from issue of Subcdinaled Debt 6.097.000,000 1,731,500,000
(Reprymentof)/ Net proceeds trom Working capilalloans (12,193.312,984) 5.863,702,287

Nel cash flows from tinancing activilies ---*---Dr"drlirF!; 153,299,656,513

D Net Increase / (Decr€ase] in cash a|td cash equivalents {A+B+C) 26,07t,209,645 (13,103,472,204)

E Cash and cash equivalents at lhe besinnins ofthe year 50,776,541,337 63,880,013,541

trd' !
r Cash and cash equivalenls allhe end ol the yea. (D + E lR'(d "rrd) 76,847,750,982

$.9lgsi
1 Theabove Cash Flow Slalemenl has been pfepared under lhe 'lndireci [,4elhod'as sei out in Accounting Siandard (AS)- 3 on'Cash Flow Statemenls'.
2,1lace{}ayab|e5ando1lrer|iabiiit1|sjn.lildeRs7'196'603'420{P'evioUsY;arRs'2'235'256'408}bein9a|nounlpab|e{net)o
3l.lo.ginDepcsltsofRs.6,32l,tJ:,{).575iPrevrorsYe?.Ri.5,800995,13?)havebesnplac€dascollateralfo.Assignmenldealsonwhichassigneeshaveaparamolnl

4 llcposits 0f Rs. 1,016,333,142 iF.cvicus Ycnr Rs.821.637,470)are undcrlienwith Bank.'F"r"'Mb")

l{ ]rj r^\\lrl{ G
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6 rt
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\$x
 Indhbull! Horralng Fina cr Llmltod Grcup

Cosoliddbd C!.h Flor Shbment to.li. yo!. ended ttrrah 31, 2017

5 Cash and crsh €quiyal€nts at the end of lhe year inslude:

Cash ard cash equivslenB lneM' ?2)
58,425,290,027 2t,417,00a,725
O&er Cunerl Investnoatg considered a. t€mporary deployrrent ol
25,498,295,672 25,800,914,422

s2,3zt,685,itt - 64t26,92!,111
Less: In depo3il ac.ountr hold as margin monet and dspo3ib unrler li€n
,-,,,,,,,,_,t9,zq,!.!dL
6 Uncleirned Di{,idsnd sccount bal4ncats in d€3igneled b6nk accoult! rre nol availabt€ for us€ by the Corflpany lR&ez}
7 Pravior.rs Y6a/3 fioules ate r€Ct$lped $4rer€ver consiJerd necesrary to coororm with Cur'snt Ysa'is grgrJpi'lgs snd clalifEaf|on.

h tems ol oua reFoat atlached

For D,eloitte H&kids & Sells LLP For and on bohalf of lhe Boad of DiredoF
Charlered Acco!ntantt

{. .,r*,/d-
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v//
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,
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t! -;

A Siddhadh {'*rrnr*r cehraut

f:{",Y'
cdd6o 8rlhsl Omprekrsh Kwnar
Chairman
VllliChairmat
wholo Time Dir€clor
I b:,ri*gin$ Oiae{or
Diredor
Dl r 00Cr60783 otN r tool o8ga OIN : 03341 'l 14

r ).rJf
" Mukelh Gam
cFo Company Secretary

Mumbsi, Apdl24, 20i7 Ne$, Oslhi, Apdl 24, 2017

 Indi.bulls Housing Financo limiled Group

Notes iorming prn of rhe Consolidated Financial Slalemenls lor the yea. e.ded March 31,201?

{1) S iq.ifi.ant Arcou l iog Poli.ici

i.) Basis oi.ccounting ard ,rreD:rnlioft ot consolid.ted financaal slatotnontsi
'll1e consoirdaled linancinl
afordancewiththeGene.al|yAscpiedAccoUntingPrjncip|e5i.|lld,a(|ndianGMP
Pm!isionso|ihecofpanjesAct'?013|the2013Ae|)/comg.nie5Act'1956("tlre1956A.i")asappl1cab|eThe3cc,untingpolicies,dopledi.lheprpaEtiono'theinada|
r rca! wrh r.rJle',j'./^eJ i. rhe prcviou5 yee
s!orrr'..r J,e.onr
ii.) Principl.s oJ corsolldtl,on:

Orodp) Them solldaled jlnDncial slalemenls hrve beer pfepared us:ng lnitom s€olnljng policies and on the tollowing basis:

$d erpefi$es, ailer eliDinrling rnk -11roup 1r.d ea.{ons. inl'a3.o!p balances a,rd resulianl ln,eaiised profitg losse..
(,,) Mlnorily irleresi s shar€ o
to |ne sha.€holden ol lhe Conrprnt
1iji)|ov€5henlsoilheGroUFinassn.ll|c€h'3niesi5accou'ted3sperbeeqUilyMehodU.d$^ccounungsla|rd'rd23.,,aui!f0fo||n

{iv)'Ihe{nancia|slaledc^lsot]hes!lbsidi}rco,4ani€sUsedinlheconso|idatima.edraMUplolh€sa.IE.e'joingdateasihato|1hefm
been ronselidaled based on bl€s! a!?ilabls linan.ial slalomenls.

iii.l Goodwllll
C aoital Resede on .oGoliddlion:
G'odwi]llc?pilalRe,seelep.eseil5!h€diferen.ebe|weothoconpanysshaleinlherlwonnofs!bsidia'ies'andU16cost3cquisiti
jnve5hentinlhes!bSidiariesFortlli$ptrose.|heconpany5shaleofnet!o.1hisdetern1lnodon1hebasisoIlllsiates1nancialsta|emen
fecess?.yadlustnen|sJo|nr.tca|ev'ntsbcn!cenlhed3l€o1suchfoancia|slaienent5andthedateo'the
Goodwi||onconso|idalion''an?'IheGo'dwi1,on.onsojidalionisevafatedfolimpaiment$nlene|€rev€lsoi

iv.) Investmenl in Assooirtesl

inwslo',s5ialeo'nelasseba'b!i'rvesn:c.'heronso|idaledslalen'n!olPfo,ilaniLossinc|ude5thoinveslo',ssna'eo'sU|iso|1heope|at|o
!.lFollowing As$oci:te and S bsidiary Companier hava be.n considorcd in the preparatior of th. Coniolidilod Flnanciat Starements:

Shrro of post
Origlnalcost of Carrying cost of
joter€st{%) n6quisition Reselves stntut.ryAuditor
inv€sltn€ol{Rs.) lnvesl|n€nl{Rs.l
:nd Surpl0s lRs.)

38 7J% 16,606,192
lo 31-Varcti;I

39.,a% 15.482 663

6,530,015,566
oaiNo$ HolCings | 39 t?"k 6,633,1?1.000 11,258.449 Shsd I Company
'mired"

01-April'101o 3t
(61,938,434)
Octobe!16
39.70yo

(81514,244) 6,551,606.756
lo 31-Mtrch.16

0olieclion Ag€'rcy Limilen

lnElrance Advisors limiled

Indiabulls Iife InsL'.ance Cornpa y Lirnit€d

Indbbulls Assel Man.gemeil Cor"pany Li'nil.d

Venlore Oapilal Managemcnl Coopany Lintled

Venlu'e Cerihl truslce Conrnny l-imiled

Assol Reconstlclion C.rnproy l Initcd'

Assel Managemenl l,,larrillr5" 18.July-2016 lo 31-Ma.ch'2017

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 I'rdiabulls 8ou5ifls Firance Llmited Gro!P

Notcs tormi.a odrt of rhs consolid.rod Finaocial sbtenents tor tho yea.ended uarch 31.2017

vii.) Piud€nlltl l.lormel

Thecompahyfo|1ossIheHouing|lnat.eUompanies(NH6)Drctions'2010(''NHs
in\esln;ts'.ccouilin9ofin!esl;enis,;sr0lc|a3silicadn,disdosUlesinlheB'|anceshealaodprvisioiingTheNonsanksF|63nda|c
Bankoi|.d]a(Rtl|1D;ecLansinrespec|o!.Non'gankinqFinancia|{Non'oepo$il^ccepngoi|]oiding}comPan;*
zoll"nlu,*-.i"ar,o*tiDelotime("Rs|Dke.tion52o15')'inlespeclofin@lner
i.theBa]anceshee|6idprovisionino^.cot|li|9Stand'
ofindia ('lCAl-) ore fdllo*cd tnsola. as lh4y se nol in@nsisienlwjlh llle NHB Oireclions. 20 l0 I RBI Dircclions. 2015

viii.) Use ot Eslinates:

|h9peP,ralonof|heconso]].late1jltan.]al5Ia|9menlslnconfomily*lhlndinGMP.q!iesih

Ij.|iev6thallheestim3lcs!!e.iirp|epal.tionol1heina
lhea.lual r6sui8 and tne esliDri.s a.e lecognised in the peiods in strichthe rcsulls r.e hoM / aralerialise

ix.) RovonucRe.ognition:
Inl;.esl l.conr ko; nnanein
redorniq assers{NPAs'Jis re.oqnised on y *tren ilis scllally reslised

Prc.esinq i ees rn rEpecl ol ban:r ei'e. ;s .e.GJ.ised on lo9 n / disburlcmcnr as per lhe tems oI lhe conlract

lFconreton Fee In.or\e lrc'n Setce 3 rs .tcogn6cd on ai acc^itlbasis.

corlmi$1ono.|.surancepo|lciessoldisrcco9nisei$icnlhecompanyuoder1ts6gencycodeselIslhein5Unc€

Addilonat Jovcrdue inter est ch6r!€s is reccqnised onJy nnen il is reasonably cenain {htsl the ullimate @llecLion will be made

R€parTcnt.'|oansisssstipUla|ec]nlhc.c5pective|oan'glec'|en{so.bywayo'[:qUatMonih|ylnsla|h|ei|s
once1heen1irc|oanisdisbtr6edh0weve|onreq!ssto{cUslomeri!commenceseven
ie payrble every montn andr,.'r!r|in:d forcn sccrualbasis.
D d;nd incorn; on Equity jj
Dkec!ions2010lRB|Direclions.2015t1r€'eve'app|icab|eDi,dend|o.,mec{rUnilsofMUtUa|Fund(s)heldbyrh
2t10lR8l Dir€chors. 20'15

Int{rresl lnconle on 0€posilAccounls a.e recognlsed 0n sccrualbasis

Inome ncm runagementlees sfe Gcogrised of, an acc rl basis in accodan.e wilh {he SEAIr€gulations

1h€nel9,in/|oss,cco!n|cfh1!€s1mcnisin|)ebenluresl8ondslcedifcaborDeposivcolnmercia|papeaid
lnuxne i. recoanlsed on a.cnralblrlir

Trusl€eship Income dntcog,lised or accrlal basis

r.) Securitis4li.,n/Assignmcnt of lsan podlol'o:

Der&cgni|icno'|oaisa5sig'jad/set!ilisedinIhebooksoflhecompony'.qf|l|onoi9a|n/lo$'d
provrd€d b\, rhe Conpanyis ba$cd on lhe glideli4es issued by lhe lnsliluleol Chrdered Accolntan1s ot India

De€cogniliono,loansassign9d/secuilisedinlheboolso'lhec'}mp,nyishascdonttr

Residualinoome an Assignmenl / Secuitisalion ot l.oans is recognisod over the lile oflhe undedying loons and noton an lpftonl basis

Credil enhence' ent ir he to

cu(ent assets / InveslmsDls, as spplicable

(a) Tang,blc rssrts - Prcp€ny. Planiard l:qlipmenl:

lncidenlal cirensei,elaled to such ac{risiLion and nrsl.}liatioo

inoideo.3i eruenses.elaled lo such a.cu;5liion.

xii.) OeFrecaation and Amorlisalior:

Deplecialionoi]tan9ib1efxed3sse|5ispravidedonst6i9ht]i.emethodasper|heuse'u||ifeprscfibedi.Scned!lel||o|hecomPanieAcl,2013

Vchiclosareamo(isedon3stlaight|i'!ebasbovelapeodo'|iveyoa.sfrornhodateshentheasselsafeavaab|eioi!se'Ihe|i'eha5b
erpeicn.e,l'ld cDnsidei.! the change in tcchnology.

i]oplocj3l]cnonaddiliofstof,edass't$isploi1dedon3pro{abbasis'rmlhedalcthe'55eiisp!||ouseLeas€ho|dimprovementsar€.mo|lisedove'lhepeoddL6ase.
Cepfeciaiiofl on srlo I deduciio. tonr {lxed assels is p.ovlded for rp lo lhe date
tl sale / deduction. as the case may b€.

Asselscosling lasslhan Rs. 5,000 each aro tully deprecialed in thet€6rol capltralisation.

Inrangible assets eonsisling of Soflurre ,'o ,morlised on a sLaight line basis over a pericd ot four yea6 trom ih€ dale when Lhe sssels are av3rlsbl€ tor use

xiii.) lmpa iimeni oI Ascels r

]hecomp3nyassesses3t€achB6{,nccSheeldale!fethe.theleisa|ryindicaLia.1halanl|s5elybeimpaIrd
anountoflhe'3.€tThe|ecoVeIabIeamountislh]-'highe.ofana5sel's.ets
c.sh9eneEtingUnit1o\^h].h!he!s5e|bc!ongt,!S|es:'|ranilscafngamoun1,|ieg
:'rd is recognised ln the Slal
amolot is fss,scssed aid lhe assel is f.tlecled at {he reco!€rab!€ ,mounl

riv.)Tix"\ on lncon'c:
cUf€al|axisthcamoIl|oilaxpaya,|eon1heLaxab|e]ncone'oltheye,lasdeteniinedinaccord5ncesithlheapp|iblel6xiai$8nduep
olhfi arDiicable bx las
MirlifUmAlbrnaleTat(M^T)paidifaccoIdancewrththetaxtaws.\,vlrichdudn9lhesPecinedpeno!iwsf
liabi|ily'isconsid9redasanasseliflheleisco.tincin9e$dencelhatlhecompanywi||P.ynoa||nomelal.Acco
is hishlyprobnble lhalfulufe econc,mic benefil associaled $itir ilwill{lonlo the Conrpany

Delefedtaxis'eco9nisedona||limin9diifcrnces'beinglhcdiffelencesbe!weenlheta:2hleinand|heacco
inoneolmo'esubsequen|peiodsDel.fcdlari5fre3s!|rdvstn9lhelatrlessndthelaxln!6sUbstanlivelyen,c1edasattheBa|anc€s
dilG.€ncesafe cxpected i! cryslallise / capal,le oi,eve'sal in oneor mo.e subettuenl pe.iods

are recogiised si)ere rcalisaiion is rcasonably ccdaln wl€feas in case ot canied fonrard losses or unabsobed depreciation, defered lo(
certainly ot reallsalio. backed by contncing evid€nce (hat the.€ will be s!fficienl fullre tasble incone available to realise such asssls
.J r'r'. r+,pe!1ve kif.ag lJL e. eB(a Bailn.c Sl€' t ddle
'
laxrelaltrg lo ilens dnerlyiecosnised in.eservos are recognlsed io relerves and notin the Slalemenl of Ptofiland Loss
 Indi.bulls Housing Finance timiled G.ouP

ol.s lormios pnrt oi the Con..lidatod Financirl StatemenB for th€ year erded March 31,2017

xv.) 5fia'e/o.b.nlue lss!e Expcnsos and P'eniuntOisccunl onlssue:

brla.ce available and lhe/€aler, the bslance pod,on is charged to lhe Slalenenr of Profl and Loss, as incured
Prernium / Oi5co0nl on lssue
balaoce.vailable and thereailcf, the hrirnce poniotr,s charyed krlhe Slalenent olProfiland Loss, asi.clr€d

va|Ueo{s.].hn!€s|meI|slnt.mrso'N}.]BD'e.lions'2010/RB|oi.ectiols2015'q!oledc!te.|6Es1nentsareva|uedsl|ow€rcfcostorma*elva|U€tJ.ql]oledcUen|
l|Fst!neilsinU.ilsofMUtUalrUndsarev:|UedasperNctAsetva|uebeP|an
I Rol Dl.ecllons, 2015 .rd A

Curenl inleslrnenls are valr

drdrll.n ln vrllre 01:.vcsld

xvii.) Enrpl.ye€ b€neiilsl

Ihe Companys conlribltion lo Provrdent ilnd a*d Enrployee Slale lnsu.ance Scheme ?r co.side.d as denned conlibllion plans and ar charged as an ergense based on lhe
a'rounlofcoilribUlionleqUiredloh.mad93ndv,EnseMc6..elende.edbylheemp|oyees.Thocompalryinsunfndeddefnedbenen
Gnfilylo'a||eli9ib|eemp|oyees'theiiabi|ityfolshichisdolei0edonf0basiso'ana
afd|osescon]p.iseexpeienc€adjUstfre|lsandlhsetec1sofchangesinactuada|assumplldsanda.er€co9nisedinlhe51a1ementofP.o
ap'|ic.b|esUpela,rouationiPensioIai,4edice|covenge)Fyao|etoaoild1o|on
AclUa.inl9ainsalrdiossesconpri$eexp€rjsnceadj!shentsand9cfgcl50fch.ng
expem6asapp1j€b|.Th€com''ny'sconLibulioi|oP'ovideltrundandEmp|oyeestate|ns!€n.€schelnealecosideredasdene
ekpenso based oo lhe a'xolni ol conl.buiicn .eq$i.cd to be made and !!,hfn seNices ar rndered by tl'e employees The Company has unt.ded delined benell plans as

Uoilg.ed]lMe|hodAcluanal9ain5.ndlo$$e$co'rpdseexPe.ienceadjus|mentsandtnee'f€clsolch?ngeinacl|laria|a0hplionsa
l oai a. incohe or erpenses as applicrble

wiii.) CohmercidP.oe.s:
The liabirity is rcognls?d ali

xix-) Bo.rowing Cosl:

|emexlem'lcof]mer.ialborowing{rareamonisedlaiheStatementofProlilandLossoverthe|enUreo1th|oa

xJ4.) 0elenod Employso Slock Coilp.xsalion Cost:

Diie&d€'nP|oyeeslockcompensa!i0ncost|or5lo{ko'l|aasarerccognhcdonlhebasisolgenellyaccepledac
j|hrsicv2Lu9oflhecomp3ny'5shaeso'slockoptionsat$egrantdaeJndtheexeriseplicetobepaidbylheoptionho|de'Theconp
ves|id9pcnodofiheoPlionsThefakvn|ueo|op|ionsfoldisc|osu.epr*eisfea$Urd
o{slock0ptio.sgianl€d.oc1cdeccnrP|cyeestockcornpengtioncosl1orstoko'lions8
d]fefencabc|wecnlh.inldn$icw|t,eoilheconrpanyssha.eso'stockoptions3llhegEn!dgteandlheexeci5eP|icelobepaidby!heopo^
afonjsedoverthe\,e6tingp.nodoilheo'lions,Thelailva|Ueofoplion$fordisc|osur€pUo5o|sa5u.edonh
Actolnlanls jn respeclol sto.k oplions qranl.d

|nc?s€olasse|sbkenonopem1ing]ease'lhe|easeIenia|sarchrsedtotheslat€menlo|ProflandLo;sanas|laighl|inebasisinaccordancewith^oUn1|ngSta'dad(As)19_

xxii.) Scarbcn! Roporling:

Tllecod1p3nyiden|iliespnm'r5eqnen1sbanedoihedominanlsourc6,na|ureo'ds
a.4|heseg'nelsfolE,iric|sep.l:lelin3icia|in|omelio.
resoUt.esandit,sses5ingped!nnalceReVenUe.expenses'asselsand|iabi1itie5wtrich'e|atelogcojIpanyas
b€enirrcluded uJrdor'unalloc;lled revenue/exterses/!ssets/liabilities

xriii.) Derivaliv€ linancial instrunren(s : nd hedqing a€tivi(ies:

Thecomp5nysacliviliesdpo5ei|tothe'.ail.ia|risksofchangesin'ol€gneIchange.at€5andint€rstGte5
|0fald'crosscurncyconlrac1s'inle.ostr,leswaps'foreignclrlrency1|ur$'op||$s
use ol lhese forcign exchanle and to'w.id contracls iedrce the sk or cost to lhe Campany and the Company does .ot us€ rhose tor trading or specutrtioh purposes.

Tn€companyu5cslredgingins!rrne.t5thata.e0ovemedbythepo|ici6oI|hecompanywhich'roapprov€dbytheBoadofDnectors,whic
such lnancial deriBtives corrsislen!with tie.isk fran:gement $lrategy of th€ Company

l:t'ec1ive^pri|1.2016'']ecomtl':nyh3s'ollov!€dGUidanc'Not€o.AccoUnlingfo'D€liva|iveco.|cF{dacco
cdn0i.twilh existing occounring sranda.di and other rotho.itative proooLrnce&€nls ot the Companylawand oth€.rcgotatory requirements

Denvative nnan.ial insttud,er

3l.55cls*henli'e|ai.value'sposilivehosil]!em.riad|om,.kelvalue)olas|ia
|iabi|iliesarlecognisedonthebs|a,1cesheeleif3'!a|U

Ff{ediv0.l'nuar1,2017,thecompanyhasdesignaledcea|n|n|el$lR.teswaps(|
a.e d€sigmled as fairvalue o..ash tlow hr.dg€s as appticrbte The Ac€ounring lor sdch designaled cont acls is as follows:

'Ihe
Company uses IRS insl,
debedurscompanyde6ignaleslhos..sfatv*|Uehedgesofinterest.atei$k
lheferaltd hodged ilem are recoqniscd ln Slalementol P.ollr and loss lhus inetleclive podion beingr€cognised io lhe Statemsnt of Frotitand Loss.
'lirc'lly

cunency loans / erLemalcom

"GuidanceNolconAccoUnljng|0lDe|va|jveCon|lacl5issuedbylie|CA1Thesc|Rsconaclsaiesla
cant3c|slhaIaledesi!natoda.defecli!c,jthedoescf{r

q03li'ics for hedge accounii.g

6)F\>
2t l- |r.i

s#,
 Indiab!lls lloo6lng Fin.n.e Limited Group

{ores torning Fa.i ol tne Con.olid.r.d Financial 9tntono.ts for ihe year ended March 31,2017

xriv-) fo..iqn Cunc.cy Tr3nsaclions ard l.:]nslalions '

iTrais:.lro.sde.ornrabJlntrergocw.r.rosarer..ordedallheelchargeratesprevailirrgon{hedaleofLanslctjon
iNlonsta|yitemsde.omnatcdniiJ|e]{rncu'|9.cicaa1lheyearend3ralrenslalsdaty
lher,ifleremebe1weeiheyea.en.raleatdlhe.ateo.1heda1eo'lhecon|ra.t6.ecoqnis8s€!chaigedl'ie|ei.
|jteoftheio.wardcon'aclAnypr'i'|o.san.ingoncance||3lionoletewalofIoMardconlraisiecognis€das|

irr.Non monelary ror€igr curency ieftsare.atrled al.ost

i!'!:!chan9edil'nrncsalis!ngo.setlealenl/restaledlento|shor1'te6IoleincUf
Slatemenr of P.ofil and i.oss.
!Theexchsrged:fele'.€sa.:irgons€1l|enenl/r3l3le
period/Uplothedateolsettemerlolschmane|arilems'tlricheve'iseaniel'6ndchaQedlobestalemenlolP.oflandLossThe.namor!is
rhe Aalar.e Sh€etas'fornrgn Curcnrt Mon-.lary lls,n Translalion Oitet€nce Ac..uot" netotlhe tax €ifect therco., whe,e apglicable

Lv.) Frovisions,ContingeDtLiabirhies.ndContingentAssels:

'e5pedo|q4lj.har€llsb|e6|imai'canbemade.ProMsions{exclUdin9re|ir€me.lbeneljts)3feno1dioun|edio

eilRlate o' the anroJnt oi ih. otigarion 6n nol be nrado Contingenl Assels afe nol recognis€d in lhe tinancisl slatements

x!vi.) Stocli ol SecL,filies:

sro{:kof$ecrnfes is v6l!€d allower d 46s16nd net.cari$ble valle. Coslis detomjned onweighled aver.gebasis.

Ntvii.) Eqrilr/ lnder lSlock Futures:

i,]loacon1.ac|foleqdty'lde'Jsbcktnul-"ssi'ichale'e1$sedon1inalsetllemon'squanng-upo{lheUndedyin9co,l|racl'a|edisc|edUndeiL

b) Eqlily inde, stoc( fulu.e

MarketMaqin-!:quilyindc/StockFu|.s^ccoUnl'rep.esenls1henelamountpaido|rccei\€donlhebasiso1momen1inlhePdce5o{i

c)As on he aahnce Sheefdrle, p.olli/1ois!n open posilionsin eqlily ir&(/ stork h'teres |ss.counled fo. as follews:
. Credil balaoce in thc fd(-

. Dcbilbalanc. in the l& ]o'Ma'kelMargi0 Fquiiy lnderstoct FltufesA.count, beino ihe anticipaled loss. is6djusled in the Slaternent ot P.olil rnd Loss.

d)onfnalsel||emen1orsqUa'in!'Upofcontracl.'oreqUityinde,5tockf1u,e5'theplo|itol{osshca|cU|at€dasthedi€lencebe$lhesdt|e|
pdce.Acco|ding|y.debitolcrdi|ba|ancepert,ainingto1hesett|ed]squ'red"upcorjt'ac
foraoti0p?ledlo5.se5jsre.ogni9ed&0'esla|enen1o'Prf|andLoss'whenmorlhanoneconllactinlespeof
squa.€dupcont'aclpertainsisolltslandin9al|hetimeoI|hesqUaig'up0f1hec0ni6
$elhod {or slculaling llle lroill'loss o!1 squaiog{p

i2J CorporBlelnformatjon:
T||ecoapanyisen9agedinthcb!sjncsslonrvidelin'nceandtoUndedakea|||er|dil]9gndfnancetoanypers

bui|ding.repat'l€modc|hg'deveiopl$ni,
descnpksolconvenicncelherc'nanctoeqUiPthesameolpaiheie0{$|hg||

a,n Objecls oflhe f"lemofanJ! m ol Aiso.irlior ot the Conlpiiny.

meeling'!eldonAp|j|27'2012hadapp.ovcdth€schemeolArangemenlin\,oivin9lhelevefs€melgelof|8FsLRith|heco'rpanyintermso1thep.os|oisd
lhe Comp€nie5 Acl, 1956 (lhe "Scieme of Anange,nenl') Tlre Appoinled Dale of lhe proposed m€rge. lued under ahe Schemo ol Arrngement was Apdl 1 , 2012. The Hon ble High
Coud oI Delhi. vide ils Order da{€d Oecomber lr.2012, rceived by the Conlpa y on Febrar 8,2013. €t}prved the Scheme ot Anang€menL tn rems ofln€ Coun apprved Sclieme
of Atrangehent, ulh Itre liling ot the copy o{ lhe Otder. on March 8.2013, wiih lhe office ol ROC, NCT of O€lhi 8 Hafyana (the E fecuve Da!e), IBFSL, as a gojng concem. sbnds
amslgamaled w;lh 1BHFL wiih ene{1t rm rhr ppointed Dare. being Apd' 1,2012

|40ftheRes?'eBnnko1kldja(R9|)^c1'19i]4iogalro.tlJebUsin€ssolaNon.8anklngFin,ncia1company'Thecpanyw36colveded|nl
Snlion 44 o{ ll€ Companies Ac, 1lsti cn r.btu'/ 03, 2004

lfdlab|||sHousingFin,nceLi.i'|ed{.1hccompanr)fl8}lFL.)wasin€orporaledonMay10,2005'ono€cemb€r28,2005lhecompanr$asrsgis1gr€dundersecuon29Aole
Natona1tloUsingaa|kAc1'108I{ocommen.e/catyon|llebUs'oessofaHousin9|-inanco|nstiiUijonwi{houlacc€p1]ngpublicdepils

tlalk f.om limc lo lime.

l$arch 31.2017 M|rch 31,2016

A|nounl{R3,) amounr(Rs.)

(31 ShrreCapil.l

3,000.000,0C0 (PrcMoils Yca.3,000 000,C00)Equity Sil:res ot lace value Rs. 2 sach 0.000,000,000 6.000,000,000
1,000.000,000 (Prc$ols Yea. 1,000,000,000) Prele.eo€e Shares oI Jac€ vatue Rs 10€ach 10.000.000.000 10.000.000.000

ls.u€d, .ubsc.ibed and fully paid uplq

briD
423,856,040 (P.evious Year 421 ,291 ,96?) fq, dy Shares ol Fac€ Value Rs. 2 (Previo'rs Year Rs 2 each) fuily paid up u7,t12.0w 8{2,563,924
lhe Company has only one cla.s ai Equity Share3 of tace value Rs. 2 each (Previous Year Rs 2) each tuty prid up.
Fach holdff ol Eqlily shacs rs enlilled lc o € lot€ p€. sharc 'l ne di$dend prcposed lry the Board of Oireclo.s, i{ any, is
subjecllo lhe app.ovaioilhe Sha.eholCec in the ensui0g Annual Gen€ral Mcetins, napph.€ble
In the eve.l ol liquidalion ol lhe Com'snt lhe horderc ol Equity Shares will be enl,lled to receive remaining assets aI the
comp.ny aller dislibulio of ail prel€fential anaunts The dislnbltion wili be in prcronion to Lhe number of Equily
Shares ncld by thc Sharehold€is

447.712_0AO 842.583.924

inancia|yea|2012'13As,lMalch3j'20173'199'409(P.evjousYeal3.0l9,521)GDR,swereoUlslandingandweree|igib|eforcon!€'sio.idoEquityshales
h6vein|of:a|ionwilhl6'ec|lohcld.6of|heseG0R.s'HoldeBo'G|ob|Deposilor|]ec€ipls(GoRs)wi||beent|tledtorecaivedivid€nds's0bjec
A9leemenl,loihe$meex1en|a5lheho|deGo|Eq!ilyShares'|e5slhefeande
lloldeG of GIlRs wjllnollrv
inwslorser.epl as oermillcd by l dan rass and rcgubtions

lli)312'511.l67(P|evioUsYcar312'511'l07)equ]lysharcst{ereal|olte,{l,ytecompa|y'forconsiderao6othe.lhanc.shtolh€5ha|€holdorsofE|sheHo|dinq
'|ji.'illDNrbr'8oflhe.schemeol^fa|gem-.n|.apprvedbylhehon,blet1i9hcoUrto'De|hi!ideils0lderdabdDembe|12.2012
. rt,,i:.1...!'_.!r._._. i .^r. {tus(n4!'

, nglilil
',r!,.'"-..'{t
 tndiabulls Housing Finance Llnilod Gro!p

Notes formlng pldol theConsolida!4d Finaocht Statemenls fo. ths y€at ended March 31,2017

(iii)Reconclliation ol lhe nunb.ioi $h!.es |ld :nrount olbranding al lhe begioning and at March 31,2017 Mrrch 3'l,2016
the..d a{ Iinancjrl ye:rj
tlo.of Shares Anrauntlk.i No.ot Sha.* Amounl{R3.)

421.291.962 U2,543,924 35b,564,4{i$ 711,129,932

Add. EqlnySh.res ot Rs 2 ea.h !ss!ed dlri.q thcyear' 2.564.078 5.128.156 65,727.496 131,454,992
Clo3ins Bab..e 423,856.0.10 8i17,712,010 421,291,96? 842,583,924
.lnc|!d;s2'5e{,o?0{P.evlousYe.r2,149'424}Eq!itysha.esofRs2ejchisst,€{duan9rleyear]unoervaaouseso@RJ
4.298,848)'Nil{9re'ousYeal6'643,700}Eq!ivsnaresoIRs2$ch.s9leddUnnoheyear!oeliqitr|e@danlholoers6d.'kl'l''lagatnstout
Rs'N]|(Previo!sYealRs13'287'400)3odNilEqul,Sh3.esRs2cJch|s5UeddUnngey€
asgregiring toR$ Nit (Pietous Year Rs 113,868,744)-

liv)Shates held bySharebolders holdins more than 5% sharesl 45 dt ltll|t:lr lt,:01t

No. ol Sha.os
&e]lrgler h6td r or noK'ng
SO Adviso.y Se|vl.es Pfivale Limit€d 35.404.779 8.350/.

€u'opacitc Gro*h Fund 26,207,577 618%

As at Mrrch 31,20'16
No. of Shares
LEs9!el
Mr Srme€l Gehlaul 37,601,278 8.930,4

Copthall lvbonlius lnvestment I imited ?2,101.194 5 250

LlJfopacinc Grc$,1h F{]nd 26,20f,577 8.2?%

lv) Efrployees Sloc* Oplionr Sci€n'esi

sch€meslori|semp!oy'esandlheemp|oyeesofi|5gro0pcompanie5s,treineachoptiofr€pres€nt5oneEquitysha.eoflhecompanyThecon1panyhas3dledb
schemes in respecl ot ils employees A co$rrensalion commi(€e consr(uled by thc Eoard of Dirccto6 adminislals each of lhe 9lans.

Stock oplion s€hemes of tha orstwhile Holdlng Company inchiding schems. ln lieu ol stook optlonr schemes ot €rstwhile follow iubsldlary tndlabolls Crodit S€.vic€5
Lirrjted translerred lnderlhe Court rpproved Schamo ot Airangenent(8d-M !, :

'll,r .l t',,rlll
nameul 'j| 11,,,,,.I
lbllndiabulls Housi"s Flnance timited Employees slock Optio|| Scheme-2o13
]IemeolbecoflheCompany'llhei|Mc.l1ngdatedM3l.*16.m13approvedlhe|HFLEsos'2013s.hemeconsi5iingo'39'000,000stockoplion5leplen1ing39'm0000[Ul|ypa|d
upEqUitysharsofRs-2eacho'thecomranylobeisst]edinoneo.mort..ndl6toeli9ib|eemp|q€esof|ie0omPanyo.toe|i9ib|eemployeeso1lhesubsjdiali€s/stepdo!l
sUbsidiar1esoflhecompanyThoco'npensa|imcomn{€econslilUtedby|heB.adc|Dilectoisoflh€companyhas'a|ilsee||nghe|donk
SlockoFlioJlslepre5en1jnganeqUalnUn]belofequilysha'e5o''aceva|U3ofRs'2eachalanele'cisepdceo'R5,39475'beinglhethen|a|
Na|iona|slcckfchageoliodbLldaso|oclober10.2014{o||owin9lhe,n|'nsicmethodof,ccountingasi$ples{dbedinlheG!id€nceNo

^ccoun|an|s0'|ndlaon^ccoLlniingforEmp|oyeesSh?leBasedpsyntenls{'1heGuid€lin€s,).AstheopUonshaveb€€nglanleda|inlrins1cve|ue.he'sisnoempFos|Gk
c0mpe'snlionexpe.seonaccoUnto|lhesame'Iheseop|ionsv€slwilhefectfrnthe'j6tvestin9dalei€'oclober11.2015'aeiebyh8optons
vesling schc'jule prolided in lhe Scheme.

P€nod and Percentale

levised Vesting Penod E Pefcenlalc

 Indiabults Ho(sing Fitance Limilcd Group

t ores tormirg prrt of th. Consolidaled Fioai,chi Stal.|n€nls for the year endcd Mar.h 31,2017

total Otlions undff the Scherne

:;ir,..l vesr'nA Penod d Pcrccrlale

]heFaivalueofth.oplon63sdelemi'Bdbyan|ndependen|fmolch3rleredAccounlants.'^hichhasboeftegantedbyheE6twhi|eHoIdingcompanyUndeteespediEp|ans
lsing lhe Blrck-Sclroles Medon Option Pncing [lodeibased on lietollowiig paran€leE are as underr

IHFL -IBFSL IHFL -tSrSL.

Slock Option - Option - 2006-

2008 ne9..ot

Fnk Vako Mrlhodoloav:

Asallfi€ olher plans wrre issued basod on lhe tah vrlue ofthe oplions on lhe dale of lhe granl,lhere ls no impact oflhe sam€ on he nelprofit and eamhgs rer share, The lHFl -
18FsLEmp|oye€5stockoplionPlan2008{indl,dingre{ranl)and|HFLEsos.2013'w€l€jssu€da|ho|ntilnsicvalUeoitheoplionsonhodaleol|'legnl
cast'orlheslockoptions9ra'lted!.de.?00s{R€gnn|)lHrt"EFsLEmployee5st0.koplionPlan'2000(inc|!dingr+9lan!)and||lFLEso

Ma.ch 31,2016
201f

N. r Pioir r/)lihlr ro Lrru:rr Sha e l oLea (r! pponcd)

'
29.063.524.17 7 23.447.329.839
leis : $tocl-baled campensrtirn expense detenniied .de. iar vatue based me||lod: lcloss Rs
1.278.131,945 (ft€tous Ye3r Rs. 1.291,/06,139)l {Pro tolrru}
291.214,U0 3s2.363,368
Nel P.oiiiavailabie to Equity Sharc holdeE {d. per Pro loma) 28.862.709.337 23.094.966.471
Baslc €tlngsle. sh?ro {as reponed) 64.60 59.
Basic €.nings osrharelPro iolnla) 68_32 58.94
rled eanngs pershare {as repodcd} 67_98 5A 75
:rl.,l,]|i fir',{r!.}i f,r:, ,rh jrlr lrr r:r,*l 67.51 57.86

(vI)oUdngth0}eatendcdklch]1'2013Fur5uanlloheschemeo'At'an9.menllheAL,thoJisedc,pils|ofliecompany}Bsbeenre3r'angedtoRs16'
3,C00,000,000 Equitt Shar€s of Rs 2 each and 1,000.000,000 Prelercnce Shan$ oJRs 10each.

{vli) 7,?85.523 E{uily Sharcs of Rs 2 each {Previous year 1 0,527,45?) aro m.se$qt lor issuance towards Employ€€s Stock options as granted

March 31,2017 March31,2015

Amounl(R3.) Amount(Rs.)

{41 Rcsa o. and Surpll)s

139,196.727 139,196,727
Add: Translened duing lhe year
139.196,727 -*'*76jwjT
Capitnl Resc|!a on consolidalion

Add lt,nslered du.ing lhe y€al" 14,208,366

1!)
Less Adjusled Agei.sr Goodwill'ed" ""i"
____ tr,r,}os,ge)

Capitrl Radcmption Reserve

Opening lhlrnct 63,627,392 63,627.392

-'' -.'-6!!i;,36t 63,627,392

 I'rditbLllE Housi.g Fjnance Limited G.ouP

rlores tormins r.rt of the consotidated Financial Sralod€trts lor the year ended Ma.ch 31, 201?

Mar.h 31,2017 lrarch 31, ?016

Securiti€s Premiu0 Accounr

t3,f31 ,312.932 34,604.243.573
Add: Addilions d\rdn!) lhe year o. ac.o!nl oi sharcs lssued unde. ESCPs 786.648.588 7r0,913.634
Add: Additionsd{n.g he ye.. on ,c.o!n1 ol share. lss!ed agai^st Shar€ llaranls 1,481,545,100
Add:Imnsfer tsn Slocl C.nrp:.sanrn Adjuslm.rl Accounl 12,280.670
Add: Addilions dunng lhe yerr on accrurl of shrfts s.ued under Qlalined Inslrtutuonal Placemenl .- 3939jr,060,,400*
74.530,242,1_90 76,650,762 707
1.s.. OIP issue E p€nses'Nd{ rd' {'ri 676,209,607
olLerlu.e isue expens.s rad' Mt t' ' rL'rlNel ol tax crlect or Rs a ?7,990.753 {P'elious Year Rs 60,074.699)
r)
Lessr 1,307,504,733 231.019,369
less: Premium o. Red.npliotr oi No| Conv'enibie Oelieilur6 (Nel ol lar e(ect o{ tls 390,0i4,25,1
1,253,293,601 2.012.22t,719
lPrevious Year Rs 697.{6s,192) '''''''' ir,sos.rs3,Ei6 - n,n\r*)-9x2"
Slock C ompe.salion Adjustme.r
Eolployee Slock .ptons oulslandin! 61,403,350 61,403,350
Less: Deiene,i Enployce Siock comire'i:.rion exprose 2,720.726 5,142,U7
Less:Transiered lo Secunli6 P..drm a.couil , _ 36,84?.010" ._..........,?1I9:n$-
21 U0,614 31,698,363

3,929,874.369 3,929.674,369
Addr Aorount !6nste' rcd dlnng |he yea. f.om Surplus In the Consolidated Staleftnt ol P.oltand Loss
-_. . , ,19_39.9"0_0!!9
5,259.87.1,369
,.------..-_.----a*"
3.32S374.369

Foreign Cuiiercy Monolary lten Translation Diffofonco Accountlzr

(?12.390.036) (84,395,733)
Add' Traisfemd duing lhe Year 4,310,481 (811,188,881)
LessrAdlusted duins lhc Year __. - _.29.6,999,?-8"9-.
(1,0!1,272)
.,,* .... t_q?J,gl!li-
(712,390.036)

Sp€cialRe.ewe uls 36{lXviii)of Incomc Tnx Acl,1961lt)

()pening !blance 1.114 597,135 1,068,223,891
Add: Amounl tansiered dudng the year trotr!SuFlus in lhe Cansolidaled Slrtement ol Proltand Loss 46.373,24{
.......,. ...!.9,!!3.'.s"2":.. ---
1 ,194,074,056 1J11"5r7J35

EeseNe{l)as pe; Section 29C ol lho Housnrg Fina.c| Act, t987o,

7 ,024.321 .868 5,056,073,955
Add: Amoun( lransimred d!,i,rg iheyea' I'o Srirylus i'r lhe Consolidated Strlenrenl ol Prcjlt and t oss ?,_3!-4:4!.3,e!_ -."."_"."!,w.?gu3_
9,359 087,064 7,024,321,668

Re.erve{ll) a. pef S€ctior 45-'C ollhe tl!:lAcr.1934r5j

5,671,262,504 5,576,172,163
Add: Amount transfcred dlnng lhe y. hon Surplusin lhe Co$oljdated Stalement of Proft and toss ",. . _ _!.ts99$0
5,794,360,634
. .. . .,,;1-0.1",03_0.*l_
5,677,262,504

OpeningBalanc€ 7,960,000,000 s 340,000300

Add Trr$feBed dudng llre year
Closing B€lance
,__ . ,q,qt9J99,!!S. 2,620,000,000
11,310,000.000 7,960,000,000

Addilionrl ReseNe fund (t /i 29C ofthe ll:rionrt Holsing Alnk Act, t987)la,
5,249,352,909 5,249,352,909
Add: Anount lfanslered dudng lha yorr ftorn Surylus h th€ Consolidated Stat€nrenl ol P,otitand toss 2,500,000.000
Loss: Amo,,rnr ulilisad du.jng1hr yar.
-*- rzA:srBoe 5.249.352.903

0ebenlur€ Rcdemptio'l Reserve(Rrts e! l1rD

Adn:Amo nl lraflsiened durina lhe yearfrom SrJQlus ln the Consolidaled Staremenl of Profir and toss '!.702.087.8a1
'' - i.;fiit8?ls1

€rsl, Flow Hodgu nes€fte

Add T.anslercd d|nrg ihe Yelr \42.817,255)

I eas Adjusl?d dunn! ihe Ye3r
F2,417,255)

Fo.eigr Currency lrarslalion Reserye

Addr Transfercd dudng lhe Yerr 40.212

Less Adjusted during the Year
Closirg Baronce 40.212
-*',*,--*-;'-
Surplus in lno Coosolidaled Stateftenl ot Profil rnd loss
Opeains Balarce 1.837,794.571 4,635,191,662
A,ldr Transitional Adjuslmenl on ,ccolnl of Inleresl Rale Sw!ps(') 121,991,338
29,063,928,177 4,{47.329,839
Amounl available for aprnpialion {A) 31,073,714,086 28,482,52t,9)t

hl€dnr llilidend paid on Equil), Shn.e' (Rs :17 00 P$ Snare lPrcVols Yea. Rs 4 5 00 Per Share)) 11 ,421 ,235,167 17,629,374,,199
Corpo'aie i)rMde.dTax otr krlerb Oiuden! paid on Eqlity Shsr€s 2,325,O94.405 3,629,64r.133
lGnslered to Gen..al ReseFe 1,330.000,000
to Spe.,al Reserye (iJ/s 3611 )i!rii) ol lrre hcorne l sx Acr 1961 )rtr) 79,17A.921 46,373.244
lo Re5erve | (Uls 29C ol !h. N2lionai I iousing Act 1 9E7)"i
ilanN 2,334,765,396 1.968,247,713
Addi[onal i1.s.rve (l/s 23C aithe N/lio.alHousing Bank Acl 1907)r:r 2.500.000,000
Reserye 1l(llls 45.1C otlhe RBIAc{ 1934)i'} 117,098,130 r01.090.341
Oebenlure Rede'nplion RescDe 1,702,087.681
Reserve lil(ltcs€M U/s 3l(1)(viii), Considered as eiigible rransler to Special
3,350 000.000 2,620,000,000
NJlrolal Ho',r'19 F.!'\ rri c8r'r
 Indi.Lulls Housing Finance LImite.l Group

Noles lorning par{ of lhe Consolidated Fiaancial Slatem€nts tor lhe year ended March 31,201?

Ma.ch 31,2017 March 31,201G

Tot.l Appropliations {B} 25,159.758,600 26 r94.726.930

eriance o{ Pfolit Carrlod roruard {A)-{E) 5,913,955,486 1,8a7.794 57r

:.-:3!;-ttltg1 .."-".i!!.!!!,q4dii{
(1 ) Goodwili / &pilal Rcsstuc'

Cofornv had sold its onlirc ?4

dle 10 lhi! tra'$a.rion ss Rs. 6,559,726 As al lhe end of the cu'renl nnnnc,al year Ncl Arodwill dsing o. Consolidalion ls Rs 677,991 ,379

(2)PU6U3il|ohsnoliic,liond,tcd0c.cn]ber2!,2011issuedbylh€M|i6l.yofcorpolate^ffaiEamendinqAccoun|ingSlandard11
aalc5.1h.comFFyha5exedised|heoptionaspelpala46Ai65e(edj.ti.5a]dSlandard'o.a|||ongtemmonetarasset5and|iabi|ities'conseqUenl|y3naDoUnlolR51,!'272
{Ple'o!sYca.R5|12.390'0:6)'epl*ei1in9ios.orlianSlationdi{l€rencaon'origncu(ency|oansbcaedfoM3idi.h9Fo.ei9nc
Accc!.r as ox M3.cn 31, 20 l7

i3)|niemsof5ec|on36(]Xviii}o'the|icometaxAcl191.adeduction]s'|iowod
lemnnancs lor lhe consttc
compalyc|aimsthedcdUcljona5iIfa]i5!nde.som.ollhel4oiesofdigibleb|s|n
h,9,3sa1|heyealend'tl'ns{eiledafan1oUnto'Rs79,47'921(P|ev|ousYea|R

{4)hlenr6ofseclion29co'theNalionnlHo6ingBank("NHB')Acl'1987'lhocompaIyisrequitedtollans{eral
isdeciardTfaoslefloaReservel.und1flem3ofsec|ion36(1Xviii)ofthe|ncomeT
29co{1hcNalion,lHo|sin9Ba.ki,NH8.)Act.1s87'ThecornpanyhaskansIenedanamounlofRs3.350'000'000(P'evio!sYearRs'2'620.000'000)|ofes
Scclian36(1Xviii)olhe|ncoeTaxAcl'1961bmed6s'Re5e'}€(l||}.anda|5ot.ans'e'edanamountofRs.2.334.765'396{P!e
temsofsecl'on29co,lheNa|i.na|HoUsi,'gB,||("NLjB")Acl'1987asattheyearel1d'F|J9iafadd|liona|am
tlyw?yo{tans|€ltoAddilionalfleger9.F!ndin*cessollhestalUtoryrninimNmle(]uemen|a5sp&f
05 d.ted Augusl 26, 2004 issued by the Nnlioml Housing Bank The addilioral amounl so tanslered maybe utilised in lhe fulu.e tor any business purpose

(5)Thisped,in5lolesefcc.ejled!.defs€dtion45lcof1heRa|Ac11034'bytheE^jtwhi|3Ho|din9companytndi3bu|lsF'|1ancia|sec$|i
unds lhe Sche'ne ol Araig
llans|elaIl9ast?0%ofn5Nel!to'itsl0,rs€fcbeIore3nydjvidendisdc.|3r€cAsaliheyearend'theNBFcll3st':nsfefedanamoun
101,090,3411lo lhe Reserve Irlnd d!ri.! lhe tesi

t'{a(edToMafe1prf!ola|loulsl!Jldi'l!|e'ivnlj'eL$lraclsaso.|lheeileclivedalehasbee.adiUstedinlheope

Clnverlibie Dcbcotures ol Lh
lsse pdce oi Rs 5 petSltare vJananl, wth a nqhtexercisable by theWanantholder lo erchange each Waranlkith one equityshare ot th€ CoDpany ol Iace value Rs 2 oach. rny tine
be{or€|heoxpirol60''Enlhs'omihedaleo|a||o1n\enl|oflhewarEnts'3l3wa[
issUedandal]o|ted6'643'700(prev1ousYear20'85tj'300)eqUilysharesoflaceva|UeofRs2c,achatanexerciseprio1Rs225per€q!I!ysha.e

h3s been adjusted againsllhe Secuiities Premiun Accolot(ln.ludes Rs 12,840,000 paid !o Slalulory Audilors including setui.o tax)
(iii)0Uingthecurc!rlycai'lh€companysi]'cess|U1]ynisedRs'13'300'000'000byi55UeoIsecu.edrpeedenominaledlI:a|aboidshaui
bondsi'llhe!atureordebenIUla3oic|isledonS]ngapoles|ockLxcha'1ge(sGX.sT)'Deb€nlrlss0€e:pens6an
b.cn adjusled against lhe Secuilies P,eriiunr Accounl (ktcluder Rs 8,620,C00 paid to Sialtlory Audilo|s including servic€ tar)
{|v)DUiglhecuil€ntyeal,thecomp,nys!cccssfu|yraisedRs70,0()0.000'000by
having, frce v.i!e ot rNR 1.000 e!ch. Ihe said NCDS are lisled on aSE Limd.d illsE).nd NrlionalSlock &change ot India Ur ted (NSE). Dete.rur isso€ expensss smo0nting to
Rs'661'118,?16(incUfodin'estreclollhiSis5uan.e)hasbeenadjUsl9dagain5lthesecL]liesPlem;!mAccoUn|{
Irx)Pro rala Oebenlure Rodemplion ReseRe hrs be€n crealed on accou.r o{lhis issue of Non Conv€rtit le D€bentures ss at the ve.r ended March 31.2017.

ilarch 31,2017 tl.rch 31.2016

{6} Lons.lel.mbo.rowi'\gs
Socured
$ (r\_
Redeemabie, Nnn Cort€rtible O€!€n,!rer6'/'d' 265,E26,051,500 154.7{1,000,000
Iern loanLltdq Ni{ s I'rf
210,163.765,205 173,926,687,186
. Exlenral Commemirl Bonowing
25,935,440.000 13,266,5t0,000
750,000.000

Redeematle, Non Conr€rlible oebenruresiR*rrd! I'rl ! 1,989,616,000

Loans and AdvanBs {rom Olhers
'10 60%Redeemable Non convediblc peTclual Deb€nlufo:r"' 1,000,000,000 i,000,000,000
subordtna{ed ncbtr^""'Nd'' l' ), 16,221,300,000 11.528,300,000
-
3_55,rrrtn6]rl
'Secued by hypolte.alion ot Lo.n Reieiviues{Cunent and Futurc) /Cur€rr Assels/Gsh and Cash Equiva,enrs af the '
''Redeenublc Non-Con!€.tible O.berrlu..s arc secr,rcd againsl lmmovabre Propeny/ Cuiient Assets and poolot Crnsnr and FuLo.e loan Receivabtes otlne Company.
"'ND Pll Otlion, C€I Option €rercisabl€ al lhe end ol10 years kom rhe dals ar allctRent {exercisable only with lhe pnor approvalof lhe concemed r€gut€tory aulhotrr}

(7) Oeleiied lax lirbililjes {nel)

Plrrsuanl lo Accounling Slandard (AS) - ?2 'Acmunlin0 lor i.xes on tncome lhe Company hos debited an amosnt ol Rs 343,444,206 {preliors year debited an omount ot Rs
i'85'899'l11)asdeIerredt(chrge{n€1)lotheConsolida|edllaleilen|o|P|olaod
as alMarch 11.2017 i. as unddr

tirorch 31,2017 March 31,20'tG

0elerred Tar Iirbilitlot

On Rese e Crcaled U/s 36{1){viii) of lho lnco'ne Tar Acl, 1961 3,806,917.571 2,751,880,856
s.founl'nt iiro. r
0.d r.cofle 01r'vpstnents 1 ,741 ,124,155 999,610,588
'a,dble
under rnconi. Cohpliaiion and Olscrosure Siandad Vl 371,667 ?48.543.944
 lidi.bui's Housing Finance Limited Group

Notes formi.g p.rt ol lhe Co.solidated tinoncial Slatenen6 {or the y€at ended March 3i,2017

Ma.ch 31.2017 [tarch 31,2016

Defeired Tax A.sels

Provison 1or lo:. assets ard c.nlligrnl Frovision against lilandard asseis 3.814.349.965 2,763.004,918
Protsion fo. diminution ot Inwrtmed 30,706,619
O. dilfereice bebree. book bal2nce and l.r brlance of fixed a$sels/olher assets 56,87r,065 50.453.752
Proveon tor €nrployee be.€nG 454 945,590 364,187,016
-
Oet€4ed Tax Llrbilitier; {n.l) 1t1s3,ry . ;-Js,suee
ftlarch 31,2016

lli) {]1h€r Longlcdn lialililies

2,2X6.144 2,236,144
Inlerer Adrued butnol dle o! securcd fi.demable Non Conve.tible Deb..ture.r 1,588,633.370 1,538.446,313

i.5!q,s'o.9,5,':l: t5to,.6qa€?_

Ma.ch 31,2017 March 31,2016

1S) Lo!9 tcrm p'olisions

L'r
Provision laf &rntingehcies 5 625,232,535 3,728,025,646
Ptut$ion {or Gralliry{ad" rd' ?'ir' 2913.261 ,731 207,084,677
P.ovislon lar co{ipensared Absenceslri{N'trtlIri 143,884,825 ,711,942
tro" ?rl'r)
Provislon for lilrp!;rrrnu!tr{'"' " 909,137,377 706,650,863
Pfenium oo li*l]],r?riei dll:i,arirerl Non Coftvedible D€bentu.es {Acctued blt not due){Stnking tund) 876,206,945 2,006,573,864

:--*rus,rl.,l:!- 6,E05,106.992

dated^U9u5l5'2011AndN|]8/|l|qD|R9/cMD/2013daledsepl€mbel6.2013'i.additiontopmsiff0inonp6
9enela|p'oVision(i)atlhe{ale,{2%onhodsi|0|oansdi5bU.sedatcomP
of1%ofsla.daldAsselsn'rspec|oIcom'€rialRealEs|.tesand(iij}3llh€lateo'040'/.o'thelola|oulstandin9amounlofloansichaie
,bove Also ir le.ms ol RItl NoLifca lion No RBll201 0. 1 1/3?0 DNBS PD.CC No 207/ 03.02 002 2010"1 1 daled Ja.uar 7, 201 1, ever Non-Banking Financlal Company is required lo
1

mak€ an add i.dnl prvisi(i lor Slailda,d Assels al 025% of lhe oolslanding slandard assels A€cordingly, ihe Company and its subsidiades is carring a provision ol Rs
6,222,037,350 (P.€viors Y€! Rs 4.?C5.693,023) towads standld assets (incllded in Provlsions for Conlingencies). *ni€h is ocr the requked minimun provision as per lhe NHB
Guidelines ri 6se ol lhe Ooflp.ry a.d on oulslandina balance of St6ndad Assers as rrer RBID|€ctions in case ofstlbsldiary comosnies

lrovemenl in Provision la. Continge nc ies Arco!nt du.ing lhe yoor is rs usder:

Prnicula6 Msrch 31,2017 Ma.ch 31,20'16

Amoudt(Rs.)
4.230,188,488 3,085,688,488
Add:Add;!0n du.ing lhe Yea' 2 023,624,082 1,144,500,000

Orosing gdldnce'
,:i-s?rtiim- ::-r&!,l8sisf
'Includes Contingenl Prclisro Agadrsr Slnndard Assels amounting lo Rs S 22?,037 350 (Previous Ye& Rs 4,205,693.023 )

March 31.2017 M.rch 31,2016

Amo'rnl (Rs.l Anoudl {R3.}
110) Short.tem borowings

{a}LoansRepayabl€o Demad
frcm banks' Wo*ing CapitalOetrland Loan' 6,715,618,714 38,900,000,000
Froi' Banks- Oash Credil F cii,ly' 41.616.1,14,505 23,825,274,263
{b) olher loans and Adlances
21 ,748,014,AA1 35.472,094,533

Olh')r Loans andAdvan€ca

108,050.000,000 ,14,910,000,000

180,329.975,960 , ..,i"4rJ!!Ji!,296
'S€curcd by hypoihecari.n ol t.Dan Reccivoblcs (Curenland future)/ Cureri Assets / Cash 6nd Casn Equivalenls of t6ffi

Mlrch 31,2017 March 31,2016

Amount (Rs.) Amoun!(tu.)
(11) Trade pryablos
(a) Tolalourslanding dues ofmicro enreryds*J and small eole,pises', and
(b) Tolal oulslanding does olc.edirors olherlhan mlcro€merydses and smattenlepises 59.355.798 90,060,114

tr35tz!! --:;.-:qee,us
--- -
'oiscioslres undcr Ihe Micro, Sn'alr onll [,iediurr Enlemdses Deyelot]merlAc! 2000
a)An annurit of Niland Nil!v.5 duc and oLilsll).di^glo supple.s as al l|e eM of lhe accounting
!€aronaccountol Princip?tand Inreresr respecliv€ly.
(b)Noinlere5twaspaidd,'iog|heyealh|ensafseclion16ol1heM1clo,sma||aillMedilJmEnle|isesDevcl

(c)No,t!oUllofintele5|isduanndpiyab|oIolthepeiodofdc|ayinmakn9paymenlbU|with0uladdjngthsn{eresl5peciIiedunderlhejc'o,sma||andMediumEnl4is$
oevelopmentAcl, 2006
(d) No {rleresl was acclljed and unraid allhe €nd ot lhe accounti.g year
(e) No furlher i"leresl r€ma,ning due and rayable even in lhe succeeding yeals lof lhe pu'pose of dlsallowanr€ ot a deducrjble erpEndiLure under secrion 23 .f the Mtc&.
r"4edium Enle|pnses Oe!€lopmenl Aci, 20C6

relardinq and Mcdiun Entorpnses hrs been deleftined lothe extenlsuch panbs nave been idenlified on rhe basjs olanfomalion
l\,lrcro, SnralJ
trEef reiied lpol b/ rhc Audrlors
 lndiab!l13 Nousi.g finance Limiled Group

l,lotcalorming p.rt ol th. Consolidat€d Finrncial Statements for lh€ yoat ended lil atctt 31' 2017

March 31,2017 March 31,2016

{12} Othe, cr!rrent liabilitaes

cudst nal!&ies ol io.g Iem debtf i 131,520,808,179 112.532.3{6,539
lnler*l aGruod bul not due€r 14.616.432.098 9,410,359.928
Temto.ary overdrtwn b3bnce as por baoki 17,1E6,066,1 15 14,303,700,7,16
Anoonl paysble on .ssianed loans (net) 7,190,603.420 2,235,255,408
foleign Cun€ncy FoNard Peyable 2,474,435,571 354,054,178
Other Curent Liabililies lor Slalitsy Dues ad Expense Prolisio.s 3,715,611,450 1.674.9S0.464
Unclaimsd Ditdendso) 32,941.879 6.{,678.695

.. r!&11!,99&r!a '--u-.0,975,386,9c.

{l)Cu.rert Rattriti.s ofbDs aem d.bl

Secured RedeeDable. Non Con.,rrdible t.bcttrK 65,989.332.500 4e,695,000,000
Urcecured Slbo.dinate'j Oelrl 1,401,000,000
T.rm Lonns lseclred)
From tunk!1^!dk.${di 63,340,475,679 62.087,3{8,539
Flom Olhelsli*resa) 750,000,000 ?50,000,000

-''-ial,ir.!.p.-o-s;iff ._"J!?,!l2.tgg:l
-
(2) loler.sl .ccrucd bul nol doe
On Tern Loans and Wolting Capilal Denaod Loans 438,013,151 253,353,271
On Securcd Red€emable Non C0nvenibb Debentures 16,978,461,826 8,476,605,106
{)n UnsecuFd R€deemable Non Oon!€.libl€ Debe.tures 91,673,618
On Subordarutn, Deltand Pe?erlal oebl 1.108,283,503 680,401 ,55't

.- .,Js,,6191?,99t' -"".":t,.Je#ge,
{3)],r|c!tpoclof,.noUdsasmen1ionedu.delseclion124ol|hcCornpaniesAcl.2013.thele!i€renodU05rquirdlob€.redi|edtolhelns
l1rrch 31, ?017

March3!,2017 l'lrrch 31,20t6

Amo0nl(R!.) Anountltu.)

1t3l Short-tem provis;ons

Proviiion tor Ta:dion (nel of Advance lax Rs {j,997,446.022 (Prcvious Year Rs 9.445,01 1 ,967)) 414,136,998 336,4{1,47S
Prctsion lo. Fringe BeneJils'1ar (nel olAdvance Tr-x R$.2,mS.191 {P.evior$ Yesr Rs.2,269,191)} 185,628 185.628
N& 1'))
P.ovision lor Conling€icie:iRi' 628,580,035 504,162.842
P'or'storrlor GralurryF?"
Nc' rll 12.194,245 11.568,739
Pruvision lor compensslcd Abs€n'€6(Rdd
!a 24'r) 7.001,126 7,829.898
P.emiuir or Redemplior on Siecuren No,1 Oonverlible Debentures (Accrued but nol drcXsinking lund) 1,&4{,921,r62 1 ,253,154,4M
*-"-aroi6rl,r3,i'
--J,::i*:*@

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 hdiabulls liousing rinance Limited Gro!p

Notes frdiig 9a ofrhu Corsoliddred financ ial Staremenls torthe yenr ended March31,2017

M.&h 31,2017 March 31,2016

i15) coorlwillo. consolid!llonlRn6trob.1trr'

Opening Eslanco 671,431.651 645,640.037
Acd lransle*cd dunng lhe yca.
Les.r :ndjusled rron crp ,l Reserye q.5J3,1?q . ......"." "".J:l-4,?p_6_3jg)
577.991,379 ,. ...... q71,{3!,q 1
'ilelG.odwr]|onconsc||dal|cna$cu11i.!loe.677991,:]791PIevioU5Ye?iRS67l'431'651)consistsofRs700'360.191
Ccnsoklrli.n and Bj 22.368.81 2 (Pretods Ye. I Rs 28.924 54 0) bentg Orprrat Rc:i!rve 2ning oi C.osotiiralron

ila.ch 31,2017 Ma.ch 31,2016

116) Non".ure invesinrents (rt cosl)

long Term " Trade- Unquoted{unlcss (l$orui.e slatod)

Alher Long Tem lnveshentsl

In Associate Crnpanyi
- 918,ij1 5 (Previous Ycar 81 8,ri I 5) Firlly paid up Eq uily Shsres of 6.551.606,756 6,633,121.000
latevalue GAP 0 59 e3ch in Oakilodh Holdn€s Limlledla)r{5)
I eicr Poponionate Shrre ofpost acquisition Los.; 6,530,015,566 {81.5r4J14} 6.551,606./56
-"_."".".9,-5"_s),1..e-0).

Long Tem - Non Trade. Uuquoted lrnless olhelwiseslated'

' 15,000,000 I Preliols Year28,0010t0) t:ully paid Lip tqu y Sha.es ot 171.555,854 101,555,854
ia.e value Rs 5each in 1.d8. Conl.rnrlily F:chanle lio)red 11''l't
"50 {Prelious Y€a.50)$ 25% Uns€.rred Redcemable Non-Conv€dibte Subodinatcd Bsnds 50,000,000 50,000,000
ci De.r Bahk or Fa.rValre of ils i 000,C00 ea.hrl

-iovesime.l in rnrls o{Cuoled Moi|l3lFuad:i 200,000,000

-rrverilnreA16 ;rj Psss Ih,o!!h Cedllical-'. lBonds / Olhei LodsTemr nNe$nnehL 1,015,179,033 539,590,284

hwsherli lf Equily sharestr) 506,802 500,000

I otat _'_"'"i-;$lZ|t :iss_

.
-....:Lrttrg6t
Aggregale ma.kol valuo of quoled Investmonls 200.530,000
Aggregate book value ofqLroiod Investments 200,000,000
Aggfegale book value ol urquoled Invosinonrs 7 ,?Af ,257 ,255 7 ,243,252,694
A9grogalc provision fo. diminulior in v!l!o oftnvcstments

{1)OunrJg lhecun€rtl linancial ye3r. lhe Conpany has invesled Rs 70,000,000 (pr€tols year Rs Nil) by subscribing to 7,000,000 {prcvious year Nil) EqliLy Shares ot face valire Rs 5
per sh!rc, by nexbrough Rights rssue
'ssred
(?)oUnngthe'levioUs|inanc]a|yeal20l5{6,|ndiab0||sAdvisolyse.vi.est'imiled(|As|')'awho||yow
1.275,000gqu]tysh3.e5o'',@valUcRsi0each|ron1heeadie|sharho|dersof1ndiabu|tsAssetRecons|rclionconrpanyLimited(|ARcL)Aflel|his'|rlaSe'lhesbke|nfc.
hadi.t..?'sedf0m75'c0%to10000%(toge|helwithlAsL}sutJseqUentto.wtich|ARcLhdbemmea$o||yowne
Corrlany along wilh ils wholly om.d sub.idirry lASl has sold thek enlke inlestmeot in |ARCL for a conside€{ion of Rs 51 ,000.000 {P.eviols yeal N A )

(:j) Dudng lhc ycirendod,!4ad) 31, 20'13, ll3.sfenod irom E.sl*iile Holdi.g comtany (lBFSL)under lhe scheme ofArangementlRirld'sr

5ha,e'ol3!76'/,sIake0akNofi:lank-al|.ensedUKcommer.ialMnk]sawho||yownedsUb6idiarofoakNohHo|dings|imited'Asato
of 38 73%

(5) Incudes Goodwjll identilied ar lhc Ilmc of acqursirion amounting to Rs 5,842,090.310 (Pfevious yea. Rs 5,842,090.310)

(6)DUrifglhecUrren1fn3n.ialyoa|'kld6b!|isCo.nmercia|cledit|imj|ed(|ccL)(be
s!bsidiary irmely lndiab!lls Assei tnana.jeDcrt Ma!f tius {tAMLt)

NA)Thes0sh9|esaeinle|dedtobel.'lpolarbec.|

*i|n Ac.ou$ling Siandard 13 Accolnlir! loiinyestnents

{17} 00lofied laxAcsels {'!el)

Pu.iuanl|aAccountin9s6lrd,ld(As)'22.AccoUnlimtolT3resonlncome.'recompanyh€sdebitedanamoUnIofRs343.444'2o6(PleviogsYeardebitedsn,dloUn|Rs
/85'899'|11)asdeieded|ax0ha|ge(hel)btheconsoiida|eds|atemenloIPlo'ila.dLo5sad5ingonaccodrlorrinin9di'lerences
air alMarcr' 31, ?017 is as wder:

Ma.ch 31,2017 march 31,2016

Deferred Tax !iabililies

Or diitgrence berween boak bala.ce.nd la! tralanceolfixed assels/oher ass€ls 0.677,61/ 1,t00.726
On di(erenco belwoen .cco(xdlng irlconc xnd taiable in.omeon inveshonrs 15,07?.863 8,806.1r3
Progsion tor And Oeblslnder scdia^ 30{1)(viii) 11,637,853

Pro!1sion iorlodf nsrols and conlk'!fitt pfovision agdnsl slandad assets 96,,{44,520 48.698.197
On dilierence lelveen book bala.ce.nd lax baboce ollixed assets/oher assets 466,495 270,983
Dlsallolsance under Seclion 35DD c,i lhe hcome Tax Acl, i961 zyJ,291 387,055
Provlsion for employce ben{nhi 't8,7tj2,925 13,57S,254

0elered Tax Asscls krel) //.*!!iY;'.,. "--*-- s0510318_ _ 5r3rfi51

'"ni'
lr \c'it
L.l tX
r,\
--\ / a;
./5
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 !ndi.butls Housing Fi.ance Linilad GrouP

Norcs foming pa.t ol lhe consoli{lal€d Fina.cirl StatonEnts lor lhe vear ended Maroh 31,2017

March 31,2016

{ 18} rons-re'n loans and idvances {Unsec!red unress otheruisc slatad)

( )l oans.ra Q0'er Credrl l'aciitc:
!r .." ,r,0 ioJn, ' ' 7

- Con$ile'ed Cood 419,000,721 .492 €03.015,924,912

Cr..idered Doublitl 2,923.643,959 2,397.208,190
less Loa.sAssigieo ...-,,.9q,6?9,$q,115. 71.e48,175,090.
741 ,29.{,818,676 533,564 958,012

(b) Uasec0,ed 1o.os

0)n:iil.red Gocd 160,307,825 ?,231.941.949
- Canslderal ilorrb{ur ....,..,,,,...1!9,,!qqr9.9-
290,307.b25 ---?231 ,r4'.9i,
rci'l{a} +(b)
'''"-nt36{ii;ffi' 53t?r63rXr61
| .ss: trolisio. ao' Loan A.selsl"( I'ri! ding additronal provslon aade by the Conrprny) 4.843,932.06r ,3.99{|*_r,"rJl,
736,701,19,1.440 531,932,357,014

(i)Olher Loans a.d Advanres

614,937.666 124,242.760
Secr.ily Oep6itio, Red{ed PremBes 219,005,983 173,5t4,471
Secudly Oepos,r wilh olk$ 40,408,098 10,270,594
MAT Credll Enlillemenl 1 ,324,07 8,357 1,699,780.533
Advaice Fnige Benefits iax (FBl ) (Ncl of Provision for FAT R3 2,,171 ,281 {Previous Year Rs
68.776 68,776
2,471.281)j
Ad€nce Tax flar deducted ,t solrce (Nel ofProvision for Iax ol Rs 20,860 258.746 (Previcus Year
2,742,446,a21 1.030,158,880
R;11.398.761,7931)
loferg Crnency FoNard Re.eivable s32.970,000
Olhe|s iicludin! Prepaid Eipenses snd [nFioyee a(vafces 703,706,239 252.807.799
- -.
.;;7,4:.o qgss tr5??lrq,g3l
{1)Secured Loslrs 3nd Olhef Crcditfaciiilics given lo customers amounting lo Rs i41 ,294,818.670 lPreviols Year Rs 533,564,958,012) are secured / pa.lly secured by
(3) fquilable gage or propedy rod / o.
'no
(b) Pledge ot shares l debenlLrres, un,lr, .ll'er secudlies, 3.signme r ol lile in$ur€nce poli€ies a'ld / or
(c) Hypolhecalion ot assels and /or
(d ) Oompany Su.rrdaos $nd / or
(el Pe6anal lua'antees and I cr
1l N.g.livo lien a.d i ai Unde.laiing lo i'e3re a secudlv
{2) nrtuJer Hon'0 I<'an lo dt eclor 1or Rs 22.454.320 (P reviors yea. N A )

(3) LIo!.meni n trcvi.ioo ttrLt:,.i As$eis is.s Lnd€r.

Ma.ch 31, 2017 Mafch 31,2016

4,084,689,705 3.069,125,539
Add: Transfer from Consolidated Sial€nrentof Profil and loss 5.805,.110,737 2,334,770,686
Less:Uliliseddrnng ha yeff - lowad$ Loan$ wilten oll ,_L9!!*_4:,{q3 1,1s2.2O6,271... 1,91-9,g0j$?!_ 1,015.264,066

Closing Balanca 5,236.095,979 4.0st,689.705

(4) hcludes Rs

ilarch 31, ?017 March 31,2016

amounl{Rs.l
{19} Olne. noLcu{enl assets

Ma.gir rvloney Accou'rls 1.869 534.000 2.572.250,7g7

l.tefesl Accrued on O€tosrr a.coullls i Me|gin Mo ey 7,452,740 495.306,921
inl..eslA€ ed !'r Loans 441.452,122 1,075,819.490
"-- r.ti,dis,itt - JI]4'IL?!!-

March 31, 2017 Mar€h 31i2016

Aftounr {Rs.) Amosnl{ns.} '
l20l Curenl irNesrmenls
aro!e{i
ilr!€sl ents n 8!nds' 17,454,796,442 2,692;127 ,200
l1rw:jlmenls I Commercjal Pape6 I C€'1ificrb orOeposils' 7,980.656.250 23,117 ,187,222

'^- 6J3.,,{52.692
--r5po9,sa'a'i"
In!€slnred in Mulu6l f unds r02./83,659,005 73.875.326,300
'- --r o,, /ot,€g9"oo5
*-a3''87s3r6$o
ir,-60i,_rlq.tza
'Considered as Cash al:d Cash equivalefls {o.Cash FlowStalemenl
Aggregal€ ma*el v.lue ot quoled Inveslmen!s 25 464,953,442 25,964,807,606
Agg€9ale book value ol quor.d Invesl.,fils 2-5,435.452.692 25.&9,914,422
Aggcgale book valueor udquoleo lrvesl.r..l. 10?.t'63.€5S,005 73,875,326,300
 Indiabull5 Housln! Finsnoo Limilod GrosP

Notes {o(ning p:rl ol the consolidated Financial Stalemenls ro, lhe ye?. ended Mrrch 31,2017

March 31,2016

i21) Trlde racrivables

Debrs Ouu.ndnlg lor a oenrJd dlrc ltr.. ii: monlhs lrom ns du-- dale
- Seclred, Corsrde.ed G.!d 82,987 82.987
- Uns.cuied. Ccnsidered Caid

l-iebls a)ulsl.ndlng lora Oenon less lrar.x mcnlhs kom rlnduo dale
- Secu.'i, Consdered G!!d
' Unsecured. Consid..!d C..d 144,799.938 2T,193,430

;:--g91''4:J-
ita.ch 31,2017 f,l!rch 31.2016

(22) Cash and cash equivalcnls

29,849.E94 s0,687,119
3alances wiih banks
- in cun€nl sccounlst 35,5/0,331.013 24,056,817,831
' in demand deposils accc'Lin1s _.,-.-...:u5l.2J-4.!-o-3... ,,* 819,121.965
51,351,455,310 24.966,626,915
Other bnnk balinces
- fvlalgin MoncyAccounrs 4,457.456,575 3,?28,744 340
- in d€posi{ accor.ls held as nurcn money(und€rlen)(r) 1,016,338.142
-*^--sriih3ijtr "-_._.._.."i_zlql:{r..
4,050.301,610

$,q?5tr-?9qp?1,- ___?9-0-!1,9q!JA1
(1) Dcpbsits accnunls with b?nk ot Rs 1 ,016.iJ18,1 42 {Previols Year Rs 821 ,637 470) €re orde. lien The Co.pany has lhe colnplele bene,icial inGfesl on he income eamed from

li i|cllrdes Rs 32,981 ,679 (P.eviors Yerr Rs 64,678,695) & desig.aled |]nclaimed divid€nd accounts

lnatch 31 ,2017 March 31,2016

{23) Shorlt€m' loans and advances {Unsec!.od lnless oltEebe staiad)

il)Loans nnd Olner Credrl Facllili.s
(a) S€c rcd loans !'r'(r
- Consid€red 6ood 89,292,1r7.053 78.100,111,503
' Doubltul
C.ionsidored
!ess:Loans assigned
-_,,9i1!?I9l.!9_
83.05r,140.63. 71,760,821,968

{b) Unsecured Lo66s

- Crnsid€red 0ood 1,506,026,359 1,080,280,728
'Cons'dcrcd Oorbttul
1.5t16,0?6,359 - -i6itrt2![ird'
Iolai(a) +(b) "" - 84:55iJ 6oss3 72,U1 ,102,696

1'1:))
i e3s: Provision lor l oan Assets {ln.hding additional Frovision made by lhe Co lpanylR'L'Nd" 352.963,9t8 220,146,758
----it420453,0t3 '-* ?r 3r0B5'"93S
-
(ii) Olher Lff'rs
and Advarc€s
Ad€nce Inl€rest on Shon t€m bono*ings _ 1.339,457,798 592,717,U4
Sfclrily Deposit for Rented Prefliscs 12,449,259 33,844,786
Secutily Der?sil wilh Olhe's 6,930 90,019,838
Assignmenl Receivable 20,723,740
0lhom inciudjiig Prepaid expe.ses/Cervai Credit and Empkryee advances("' 2,220,968,690 1{8,097,116

(1) Secur€d Loans and Olhe, Credii racllities gi!€n ro custonte's 6mounling to Rs. 83.051,140,634 (provjoLJs year Rs 71,760,821,968) a'€ secured / padly
{a) Fqlll0ble nodgage ofrrope{y an'l I or
{b) Pleiae oi share. / debcnlurcs unils, other se.Id{les, assignmenl of life insurafte poti.ies and / o.
(c) Hypolherrlion ol assels aid / o.
(d ) Camiraay sua and / or
'anlees a d /.ir
(e) Pe6onai glaranl€es
(0 Negalive liefl and /or Unde.laki'ig t. crealea sscurity
(2) Includes llomeloan lo dire.lcrtor Rs i,065,228 {P.€vio!s Ye€r N A. )
{3) Inclu.ies Rs 1,25€.353.503 {P.er.us year N A )receivables on accouflr olhedging oiinterot rate swaps conrracr

Maroh 31,2017 March 31,2016

124) other oljrront a€5ets

| ONR ll€dge Prem u$ 743,1?9,735 110,611,413
hlteresl icc^red on Lo?ns 7 ,014,423,623 6,337.063.506
hrcreslAccruedon Deposil ac.ount. / i\larlio Money l Eonds 1.t21 ,381 , t52 208,497.23f
1 078.097 1,527,323

---- q95036fi0?
'i. "6.st?srgd?"r-

r
@*$
J\ JF
\4)'---1" -l
3W-:
 Indisb!lLs nousing Fin.nce Llmiled 6roup

Notcs rofming parr ol the Consolidated Financinl St.remear3 for the year..ded M6rch 11, :017

Forlh€ye.rended
M.r.h 31,2017 i,lafch 31,2016

(2s) Revenue lrom Oporatlons

{a) Income kom Finarcinq ind In!esti.g Ac!ivilies

Inleresl on Finan.ing Aciivilies"' 99.377,316,458 7 8,414,268,272

ib) lnconte lrom o1he. Fiiancial Seflices

F€e ln.on. tfn6 S.tuiccs 1,44?,001.662 1.150,993,009
Com'rrsion or lisu.af ce 252,853 501 150,550,823
Ctl.r Oterallng krc!'r:!'; 2.918,199,843 3,179,401,376
- ioj'"rrt';f-tipt 8?,q e.i7l.?gq"

For lhe yedr ended

$arch31,2017 tlaroh 31,2016

{1) lillerest lronr Fina.clng A.ti!i{jcs nrcl!d€si

lnl€rosl on I onn Fin.nclng / hcometorn Se.dririsntion / Assrgnnent 97,479,300,0C3 76.824,001,351
lde.es{o DeposiLAccounis 629,868,712 740,019.535
hle.esi on Eards / Conlmercl6l Papc.i I Ccnificate ofDeposits l F3ss Though C€niticates 1 ,264,147.743 85{,247,386

" . -ljitt,4ltS_t ... ii;{e,t$Et-

(2) Olhor Operrling Income i'rch,des:
2.628.f40,757 2,990,567.922
tofeclosure fees arrd olher r€laled i.\comc 1.229,059,771 934,652,485
Less: Okecl Selling Agenls C!nmission 670,293,610 507.973.003
tessi C ienl Venficalion Charges 263,407,728 221,589.077
less:CERSAT Charges 5,694,347 16,196,951

.
- .'?:rl9J9!.!4!.
Fo.lheyea.end.d
March 31,2017 llarch 3'1,2016

Sundry Frlaflces writlen hacl 225.007,290 r0.759,523

Dlviderd ircome Dn Units oit1'ri!arFNna$ 7 ,632,658.221 1,555,435,410
,r'rrt,<ed \'o |'e/(dlon 1.--n r-\^ 1nr\ 2,586.685,952 1,769,079,581
Prolitor sale of Cunenl Investmants 2,114.283,671 5.906.969,027
lvllscellaneors lncomo 395,982,737 31,447,615
l eresl on Incom€ Ta)( Refund 72,419.638 82,630,557
-"-ljmqltiibs 9,356,322.043

For the year ended

March ll,
2017 ilafch 31,2016
AlnountlR€.)
i2l) €mployee ben€lits erpense
4,561,323,846 3.750.348,179
Corl buli.n lo PfovidentFiinds and OlhcrFunds
('l
60,452,561 37.904,134
Fmployee Slock Conp€nsaliar [rps.se 2,421,921 3,366 8g)
P'olision tor €ratu't./, Compen$led Abssnces and S pe.annualon Eipense(rr 292,002.385 279,735,971
Slafl Welfrft: Ext-"nses 80,4?0.286 60.144.133
":-n#cre-?%
-.'.''.'
{ols on A5 - 15 disclosrra:
I1]
Employee Serrelils - Prcvident [SlC. Gtahity 3nd Compensaled Absences discloslres as per r'ccounring Slandsrd (AS) 15 {Revised)- Emptoyee Eene|lb:
':'rnd.
c0n|dbUljonsarer'ade|oGoveDmgnlP|ovidenl'UndandFam||yPensionFUld'ES|candoLhe.slalulIunds
emp|oye6andlheCompanymakep'€dElem1inedcon|'ibUlionsIolhePlo!.de.lFUnd,nd€slcTheconldb0lion5a'eno'ma||ybas€donace
T|Leca''payhaslecognisadatamunlofRs60'45?'561{P€v|ousYearRs37'9c4'134)inIheconso|idatedS|,temento{Plola
abrve menli!ned lunds

|tovj5iooiorU|i!ndedGfatu]tyandcompen5ntedAbsencesfolallemployotsi5b;sedUponauai|alva|uationsc
assUmpi,on.,|y'iCn||y'a|ey*6ojseficaandemp|oyeeconpensa|ionPUrsuanl1olheissuanceoflheAccoun|in9s!andad{As)l5{Revjsed)on,Emp|oyeeB.n€ls'.clmenb
 lndi&ulls Housh! Flnance Llmtted Group

loles torNing part or lhe Consolittaled Financial statemsnts to. ihe rcar ended ilafch 3l' z0l7

lribli{rtr1.]n over plan assets) / plan assels owf

Tlleep|oy'/sbestestimateolcon|'ibu1ionserpoctodIobe'aiddu.ing(heannua|peodbegInn|n9afeifeB
sUFerannuationisRs110,80.,|'295(P'evioUsYealRs'8l,978'022)'Rs'5I'123'

Forthoygar 6 d6d
Mrrch 31,2017 l$arch 31,2016

Amounl (Rs.)

tnterest on Loans
i'r^1'l 29.031,559.873 28,445.280.106
Intercsl on Nd' Con!€rlible gebentures 26,094,627,967 14.797,628.875
hlerest on Con'rtercial PaP3.s 6,393,655.815 4.775,832.509
hlercsl on Sl]bo.dinal6 Debl 1,626,730.265 1,143.525.071
trleresl on l6x€s 30,949,S69 45 693,149
aenk Ch3rg6 ldn.ds tlorNings 13,162.7t8 12.700,200
252,623.337 169,608,431
FCNR Hedge Prenium 564,254.9?3 324,054,115

- F4;iii;L64pji: :--ga!r"e.

ti su'
,i.;
61I-,$
.}l
ot \7
I{
TI lg
\4\*-1*zi
\\8y1q1r-z/,/
 Indiabulls Housing Fimncc Limited Group

l{oles torminll p.ir ol fte Consolidated Financial Slatements lof iheyear.nded |tarch 31, ?017

JiDu.n9|1|eye!l,|jlec.mp3nyhasl.co{)lizedP.eiriUnranloN3.dc0n1Ec1&pncipa|on|yspsonfoie
i,001,188,724) includ€d in ln
YealRs|o.s140'446'78l).nd!n.$|ise.ma{edlom.rle|p.oftlowaldsderivatiEswlricharedesi9na|€dashedges6mountio9io'ls'262'9
been included underBank / Finan.. thnrgcs nenvtlrvc inetnrmenls lhai 3re oolsranding rs al Marci 31.2017 is rs giwn berow:

tCrssCurn.ySwapse,rle'eClorircdgtspurpo$esoursl.ndrtgssarMar31.20l7lorUSO367,702,517(Prvio!sYearUSD255.08.1,236)againslc.osscunencyofRs
?3.434,750.000 lPretous vear lis 1 6.0i14,750.000) ror a tolrl ot g ourst n ding Canv{crs lftevious Year 9 Conlrucls)
l|]NR|nleIeslRaleSwapS{'lircd|orioa|inq)rol|.lotion3|Pn.ciF,|olRs66.o0o,ooo'0oooul5l3ndingasa!Ll6'ch31'?017(Pie!,io!sYe5rRs9,250'000.000
oursland'ngconka.ls(PrevrousYeaf 11 conracls)
lll uso lireclr Rale SMps
|NRo|Rs]5,622.250'000aogin3iUs024!299'7l739)foratota1ol19coni.ac1sou|stanli|n9asatMa.ch31'2017{PleoUsYea|18con[3d5)
|VFoMadconllac1g^le|edl.|hedg0gpu|posesoU1standngasalMalctr31'?017lolUsD.173'061.040(Ptevio!sYealUso108.204'332.61)ag3instcloc!fencyo{Rs'
31 . /33,653.631 (Prevous Yoa. Rs 7,015,965,40 7 ) fo. a lotal of 18 C.ot rcls oulslanding (P.evious Yea/ 1 3 Contlacls)
2)oUnngthey€rtheconrpanyha5credtedai.ho!n|o'Rs359'52o'532{Pleviousye.ldeb(edRs'183'1s4'576)onaccoUniofNetRevs|UaliononFoleigncurency!oans'whi
is includ.d n l^tereston roansabo/e
l) Acdilional disclosufe to, Hedge Aocouniing.'
i)'l ne company has debiled Rs 1 72,5:13.93S {Neo in sbtemenl 01 profil and loss accounl againsl $tlch ac€ou.ling of fat !€lue n€dge nas been adopted

ii) Dtdng lhe year. rhe errpany has fecognised an a,nount ol Rs 42,817.255 ro Cash iow Hedge ReseNe Tnere is no anro{rnl .ecycled from lhe hedge reserve and rcpod€d in
staleDenl olprofir and iss, as th6 is lhc li$l yea. oJ adoption ot Hedgea.csunling

Y.gr Endcd March 31,:017

srch 31,2017 ntarch 31,2016

Irnouni{R3.) AmoLrnt(RB.l
{29} Othor Experses
Collection Charues 7,088,508 15,716,208
DcnutCh.rges 2,965,045 1,806,613
S!€nrp Papers/gamp Duty charyes 53,924,109 43.219.838
r0,340,454 s,828332
Conrmunicalion L:penses 73,275,063 59.829,887
Legrl and Prolengix'ral Charges 135.024,399 202,471,235
Rent snd Olher cha$es 478,794,449 416,198.290
"J
Electncit Etpenses 76.918,36S 14,158,729
Repairs & Mrinlenance - Cnler$ 166.394,782 17 t,717.218
Recruil,nenlandTrai'ri g 18,961,292 16,34S,969
P.inling nnd Slalionery 39,039.058 32,899,84{
frBveling and Con$]yance Fxpenses 166,94s,SSo 1s1,660,4{0
Eusii€ss Prg,nolion 60,604,532 75,U3,f 27
Psynrenl lo Aldilors comprises {ncr ot sctuice lax input redil Rs 1.8,14,061 (Previous Yea. Rs 1,954,554))
13,415,600 14,248,750
()hefSe|\1les 10.775.000 12,729,839
kcimbLrrercnl or Erpnnrcs 2,r55,000 1,935,000
Continlenl Provirions agairist Slrfldoftl Ass0ls 1 Provision for Loan assels / Baii Debts Wdlten Olf
7,8?9,042.819 5,069,579,087
(Netot Recov€ri€s)i?)
1U,722,19J 156,826,600
F.xtenditore on Coryor3le Social Resronsibiliiy 373.847.000 328,989,000
Loss on sale oi fixed €ssels 643.736 1,229,553
Tnrsleo:Jhip Fees 6,304.253 4,825,061
257.501 1,500,000
96,875 1,168,750
loco$orali.n expenses 402 412
M!'ied loilarlelioss on Curcnl l.wslDe.l 60 842,980
|,,!iscellan€ous Expenses 170,991,{65 53,638,390

s,9ri3,?73,271 .- --e"{!ra3Ei[
(1)Tl1ecompafyhas@kenof]cepren]isesonLea5eandL€ave&Licen5ebasisalvadoUs|ocalionsinlndiaLeaselen|lLi€ensefe{'"ag
R379,437,288) in espect ol the $irE rrave been cha€cd lo the Slatemenl ot Pmfl and Loss The agre€meots ar execuled for periods rngin9 kom I I monlhs to 12 yea.s wilh a
lenewab|ec|aUse'|nmanycasc.,the.gleemonba|so'rovide{olt€nilalion,lwjl|byeilherPadybygivingapdo.noticePelibe&een3o
outsiandtg as aL March 31, 2017, ate as !nde].

t li!
/"tllJgrr
r,f; '*7
)l \zj
lm

t{t i* ol
"f\*.1",1
,o
 lndirbLiils Ho!3ing Fi.anoe limitcd Group

Norc5 ro'mne pait of tho Con$olidated rinan.ial Statements Jor lhe vear eoded M!rch 31' 2017
tninimun lease Renlals

March 31,20'16

388.286,469 257.8X0,226
Nd l.lDr llraN One Ye?r
889,701,335
lalcrlhan Orn yelf b!l nol l3le' thaf l1!'c reaE 1 .252,142,197
_ 12l,EsglxJ_ _.. ...,t.c?,€]?9-s.
__ 1,968,91{i.067 r,359,95E,760

{? ) cdr,ngerl p.ous,on a!3i.:l stp.rad As*ls / proqsion tor I otn ass€ls / B,rd Dobis Wdtter Of(Nel orRecowdes) i,'cludes

For lhe year ended

llafch 31,201? March 31,2016

Amount (Rs.)

Coilinge l Plolisions sgainsl Slandrd Aesels 2.023,624.082 r,114.500,000

Provsion 1a.lorn Assels / Aad Debl lAdvtnces winDn ofi' _194A79p9L
Total __ __ f,829,042,819-- -.,.._,i,9g6,!:9pci_
.Includes oebls I Advancei Erifien off .t Rs I .004,1 1 9.54 3 (Prcvious year Rs 1.959,450,199) Net of rccovcies of Rs 184,483,941 (Prc$ous ye3f Rs 382,529.376)
Liad

(30) Explanatory tlolos

{i}Redee.nabtettonConvenibleOebsnllres(payableatp3runlessolhe isostatedl(sbcu.ed.ndurcecureduntessolherwisttlaled}i{lude:' Match 31,201 1

8 65 % Redeemable Non co.vedible liebcnlro,t ol Fac. v3lue Rs 1000,C00o8ch Redeemable on Seplenbe. 26, 2026 136,9{6.000
I 79 % Rede.mablc Non coownitrle Dobenlirtls of Face value Rs 1 .000.000 each Redeernable on Sepl€n]5e. 20, 20?6' 24,171.000
I 85 % Redee'nabie Ncn corlw*lrlo Ocbcnlurcs of Face value lts 1 ,000,000 each Redeemabls on S€plember 20, 2026 9,907,552,000
9 1 5 % Redeenral'te Non co^v€(ible Debcniures oI Face value Rs 1 .000,0C0 er.h Redeemable on September 26 2026' 1,953,479,000
I 00 ','" Redoenlrbl') Non corv€iitle Debenlures of face value Rs 1 ,000.000 each Redeemable on Septembet 26, 2026 4,044,991,000
9 00 % Redeemable Non corvedible Debentu.es of [ace value Rs. 1,000,0u0 each Red€emable on S€plembet 26,2026' 1,500,000
0 00 % nedeeinable Non conv.nible Debcnlures ol F6.e vahic R$. 1,0C0,000 eath Redeemable on Sepl€mirer 26.20?6r" 243,432,QOO

0 00 % Redeemable Non conve(ibie D.hantres Rs. 1,000,000 each Reileemable on Sepbmbet 26,2026*(rll
of Face value 9,466.000
I 90 ol Redeemible Non conv€rtble oebenlur€s of lace value
Rs I ,000,000 €ach Rodeemnbls on July 22. 2026 250,000.000
900 % Redeemrble Non coiivenible Debenlures Rs.1,000,000 €;ch Redeemable on Jone30,2026
ol face value 2,000,000,000
I 00 % Redeemable Non clnvefiblc O.h..l es Rs 1 .000,000 ea.h Redeemable on June 5, 2026
oi Facc !?lue 250,000.000
{,00 "A Redeemrbh Non conve(ible Oebenurcs Rs. 1,000.000 each Redcemnble on May 29. 2026
o{ }:ace value 250,000,000
I00{/. Red.enBtrle NDn comvedible Ll.rlr.dlures of Face vak€
Rs. 1,000 C00 each Redee'iable on May 8, 2026 250.000,000
9 O0
r/. Red-'em3ble Non convediblc Debenlu'c$ Rs I ,000 0C0 ench Redeen'able on Apnl 29, 2026
of Face valuo 2,070,000,000
9 0t o/i Redeenabl€ Non conve.libie Delenlt]' rs Rs 1 ,000.0C0 eocn R€deemable on Apdl 1 1 . 2026
ol Fare value 350.000.000
I 0O 7. Red,.enable Non conle(ible il.benltrcs of Face vallo Rs 1 ,000,000 *ach Redeenrable on March 1 3, 2026 250.000.000
!i 00 9; Rcdeemable Non conv€flible Oebenl{]res oI t ace value Rs 1 ,000,000 each Red€enEble ot Februsry 7, 2026 500,000.@0
! 0c% Rcdcemable Non convediblc Debenlures ol Facevalle Rs 1.000,000 each Redeemable on Decembet31.2025 100,000.000
I00 Y. RedecdEble Non con!€dible lleb.ntu'es ofFacelalueRs 1.000,000 each Redeem3ble oo No!€mber20,2025 2.650.m0,000
I 50 yd Redecn3ble Non convedibl€ Detre.Lures of I'ace value Rs 1 ,000,000 each Rcdeentble on Jun€ 26, 2025 10.000.000,000
90C % Redeemabie Non converlible Oebenlu.es ofFacevalueRs 1,000,000each Redeem3bl€ on May 19,2025 250.000,000
9.20 % Redee{rable Non convertible Oeberlutes ofFacelalue Rs 1,000,000 each RedeorMble on December 31 2024 250,000.000
9 20 % Redeemble Non comve,lible Debenlufes ot fa€e vaiue Rs 1,000,000each lledeehableon December 16,2024 250,000,000
1C 15 % Redee6ableNon coovcnLbl. ttebentures ofFace v.lue Rs 1,000,000each Redeemable on June 30,2024 250,008,000
1015 % R€deemable Non convedbie Debentures ol value fas 1,000,000 each Redeemrbte on June 5,20?4 250,000,000
1 0 20 % Red€emable Non corvedible Oebentu€s o, Face':ace vrue Rs 1 .000.000 aach Redeemabl€ on Decenbet 24, 2023 250,000.000
1 0 5t % Redeeo\able Non convcniirle Oeb.nturcs oI F.ce value Rs 1 ,000,!00 srch Redeemable on Nov€mb€r 21 , 2023 4,000,000,000
10.25 % Redeenahle NDn corvedlile Debentues.if Face valu. Rs 1,000,000 eacb Redesnrabl€ o. October S, 2023 250,000,000
1 1 .0c % Redeemabls Non convediblc ocb.nni.os of Face valle R5. 1 .000,000 erch Redeetnabl€ on Augusl 29 2023 10.000,000,000
9t5'/. Redeenable Non convcniblc Dobc nlu.es oi l'ace value lls 1,000,000 each Redc€mable on.Julv07,2023 400,000,000
l0 O0 y" Redeemable Non conve.tiLrle Debentrres of tace value Rs. 1,000,000 p?ch Redeemabte on March 25.2023 50,000,000
10.0C % Red€emable Non convedlblc Dcbentu.es !t Face value Rs. 1,000,CC0 each Rsdedlrable on Mar.h 19, 2023 1,000,000,000
10.00 T"Redeenalle Non convedible Debenaures offace value Rs 1,000,000 each Rede€mable on Feb^r!ry 26, 2023 250.000,000
10.20 %Red€emablc Non canve.tibl€ Oeb4nlu.es ol Face value Rs 1,000,000 eaci Redeemabl€ onJanuary 16,2023 350.000.000
l0 00 Y, Red€emable Non conveniblc Ochcnlu.es ol Facc value Rs 1,000,000 each Rede€mable on Decembef 31 2022 500.000.000
10.00 % Red€emalrle No0 conve ible oebenlue$ of Face value Rs 1,000,00C each Redeenrable oo Oecember 18 2022 150.000.000
9 00 %, Redeemdble Non convodiblc OcbeniMes of fncs vtlue Rs 1 ,000,000 each Rede€matle otr No$enrber 20. 2022
100.000,000
10.00 % Redeem.ble No. conve.libl. Oeb€nlt.es cf l
:rce value lts 1,000.00! each Red.enible on Navenber 1 9 ?022 150,000,080
10.00 "/" ilcde€.lable tlcn .on'erlilie Osbeititres cl Face vaiue Rs 1 .CCO,CC0 s3ch Redtenrable on November 0 2B22 150,000,000
10.70 %RedeeiEble Non c.nwdlbl. Otbenl$6.i F.ce veliro Rs 1 000.000 elch R€de'natrle on Jult 6, 2022 200,000.000
r0.70 % fle.lecmnblo Nonco.ve.llbre Del{rnru,es ol Frce valle Rs 1000.000 each Rcdeemableon Jlne 28.2022 8,000.000,000
1.250090,000
10.75 % R€deenBble Non.onvenlbic DebtnlLrfelt tl Facc talre Rs 1.000,000 each Redeenlableon Apnl3' 2022
I 5;. % Rilineniable Non conveilible Debc.tufes of I acc value rts 1,000,000 each Redeemable on Mnfch 30 2022" 3,500,000.000
1.600,000,000
6 57 gi,lledeebable Non (on!€rtible Oebei lu, es of Face value Rs 1.000,000 each Rede.nrable on March 22 2022"
B a'? % Redeedrable Non convenible Oebenlufes oilace value Rs 1 .000.000 ea.h RedeernatJle on March 21, 202?"
6,000,000,000
10 15 % R€.leemrble Non co.vedlle Debenl!.es ot face value Rs 1,000,000 each R€d@mrble on February 27 2022
5.000.000,000
10 70 % Redeemable Non convenible Deb.nturus of Face value Rs. 1 ,000,000 each Redeenable on November 22 2021
1 .000.000,000

I 75 % RedeenDble No convcdible Deb.nturcs of Face v3lue Rs 1 ,000,000 e.ch RedeerHlrle on September 26, 2021 33.896,263,000
13,112,298,000
I 90 % Redeemaue Non convedible Otbelrl!rc! of Frce value Rs 1 ,000,000 esch Redeemablo on September 26. 2021
7{.385.000
000 % R.deen ble Non convedibie Oebeitures ofFacevalue Rs 1,000 000e6ch Redoemable on Seplemb€r 26.2021rrl
10.65 % Redeemable Non conled,hie Debenlures of Face value Rs 1,000,000each Redeemableon September 7' 2021 5,000,000,000
8.80 % R0rleemahleNo^ convedible Debentutes olFace vaile Rs 1.000,000 eachRedeemable on Augusl23 2021
7,000.000,000
8 80 % Rcdcernable Non oo,rve'1rble Debentu'es af Face vaile Rs 1 ,000 000 esch Redeemabl. oo Auglsl 1 6 2021
8.000,000,000
100,000.000
8 80 "& Rede€mable Non co.vetliblo DcbcnlLrres oi F€ce valua Rs 1.000000 each Redeemable onAugust 11 2021
150,000.000
I 00 % Red..enable Non corve{ible Oebentues ol face va ue Rs I 000.000 each Redeemab{e on June 7' 2021
100.000.000
9.00%R€d€emableNonconvediblc0tbentr.e3ofFacevakeR:;1,000000eachRedeemableonMay29,2021
250,000,000
900 0,6 Rede€nrabie Non conveniblc Oobeilures offace value Rs 1,000.000 erch Redeemrbleon Mav 21 2021
250,000,000
900 % RadeemableNln conve{jble D€benlures ol t:ace valleRs 1000000 each R€deornableon Mav 10 2021
250,000.000
I0O0,6 Rede€nabl€ Non conlenihl. C{benlues ol Facc v.lue Rs 1,000.000each Redeeri.bleon 4pn112.2021
200,000,000
r0 25 %Redeeruble Non con!€nibb Dobenlures ol F?ce value Rs 1 000,000 ea.h Redeamable on F€bruary 18, 2021
9 00 % R€deemable Non colrw.tibie OetJarllres ol r ace value Rs 1 000.000 each R€deea*ble on F€btuary
8 2021 750,000,000
19 2021 1.000,000,000
9 OC y" R€deemable tloir convedrbln Cebsiures oi Face va lLle Rs 1 000 000 eacl R€dee{Bble on January
Redo€froble Non conlerlibi€ Debeilures ol r..e v3tue rts I 00C 000each Redeeft€bleon Ja'uary 7 2021
?l'-\e) 3,000.000.000

ii
N.n corve trle Deberlu.es oi Face value Rs 1,000.000 each Redccnablcon Nolcmber 20.2020 2,550,000.000
4,250.000,000
Non conv.niblc Ceti.rrrurcs oiFrce value Rs 1.0C0.c00 es.h Redee$zble on SeFlember lS, ?020
Non conwdrble Oebcnl'trts ni Freo valuc Rs 1.000,C00 ea0h Redeemable or Seplembe' 4,2020
value tis 1.000.000 erch Redeemable ofl August 11 202C
)3 10,000,000,000
150.000,000
Noo.onv€rtibi'r lreljciitrres o,
':a.e !3iue Rs 1 ,000 000 e3ch Redeenable o. AugusL 7 2020
Non converl,hle Crr-tr€,tlues .f rtc. ."\ ./*, 150.000,000

V'Motl
 Indiabulls Ho!slng Flnance Limitcd Group

Notes torminE partoflhc Co.solidated Flnrn.ial Statemenls for the year endcd archtl,2017

(i) Redeem.ble Non Co ve.tirle O.benlu!+s {payatrle at par unless otnaMisc stated}{secured and ln3€cored unl.ss oin€ryisesrrted} incl!de:. March 31,2017

! 25 % Fcdemable flnn corve.lrbleDeberrrr$ ot Face vatle Rs 1 000,000 e..h Rede€.nabtc on Jure , 2020
1 1 500.000,000
0 n0 % Rodeomabie Non .o^vedrb r{: l)eliertlres .t Face value Rs 1 000.000 es.\ R€deenEbre on Ju.e i . 20?O
r(r) 1.600,000,000
0 00 % Rede3mrbl. Norr conv.rlibrc njcb.nures ol l,a.e varue Rs r 000,000 each Redeemabte . (r)
on May 1 2. 2020 160,000.000
0 00 o/, RedeenEb e Nor eonwrt,ble Debenlrres of Fsce valle Rs i .000,000 each Redeernabte on M6y 5, 2020 ' rr)
200.000.000
0 00 % Iledeeniable Noi coilerlible Deb€nlitres ofF..o vallre Rs 1,00O,0O0eacn Redeemabte on May4.2OZ0'^{r} 50,000.000
0 00 % Redec'nlble Non conve,lible Debenu.es ol Face vaiue Rs 1 C00.000 each Red€emrbte on Apd 30.20?0_!(r, 195.q00,000
9 ?5 % Redeemable Non converlil,i. Debenufes ol Fa.e valLle Rs. 1,000,000 e.ch Red€enabte on March 30,2020 E33,335,000
8.50 % RedeemableNon co'rve.rlble Dcbcnlufes.f Face vatue Rs 1.000,000 each Redeemabte o. Mach 2Z. 2020.. 250,000,000
9 30 % R.deenrabre Non e,,venible Debert!'es orFa.e vrlle Rs 1.000,000 e3.h Redeem.ble o M6t.tt 21.2020 200,000,000
I2ri % Redee.nable Non conlenibl-a tebenru'es ol race value Rs 1,000 OOO each Redeemabte on March 13,2020 (irJ 2.500.000,000
8 55 % llcdeemablo N conlenille iebenlurc:J nfFace value Rs 1 0C0,000 erch Redeenrable oo Ma.ch 2. 202Q 1,000,000,000
-o45 % Redee.€bl. Non convedible OebcilLtres olFa.. value l1s 1,000,000 each ttedeemabte on Oerrmber8.2019 1.000,000.000
4 g0 % liedrenEblc Notr.otrleniblo ij.b.nlLrns oi Focc value Rs 1 000,0a0 eaeb Redeenahte on Oecenber 2,201gor 2,00c,000,000
a C0 % fled.!D.ble Non ktrverlible Oebenh{es ofF€ce v.lue Rs 1.C00,000 eacl Redee'nableon Nowmber 2T, 2019r'} 3,000,0!0,000
9 6s,1' Rcdeen*ble Non @nvertible Oebenl!les orFac. v.luc ns 1,0C0,0C0 each Redeemable on November 14.2019 150,000,000
0 d! % Rede.mable Non @'rre'lible Oebertlr*, otFace v.tue F6 1.0C0,000 esch Redeehable on Ocrob€,30.2Oi9 100,000,000
I567'/. Rede€mable No. convedibl. Dfbcnnrcs of Facevalu€ Rs 1.000,000€ach Redeemab'eon Oclobff 15.2019 r3.300,000.000
990 % Redeemable Noncoivenible osbentures ol race value P6 1 ,000,000 each Redeemsbte oo October 13. 2019 1s0,000,000
1 0 00 % Rodeen ble Non converrible Oebenlures ol Face value Rs 1
,000,000 each Redeemabte oo Seprember 29, 20j 0 950.000,000
8 55 y; Redeerublo Non converribie Deb€ntues ofFace vatue Rs 1.000,000 each Redeemabte on Septemb6r 26,2019 267,J28,000
I65 % Redeemable Non conve{ible Oebeollres of Face €lle Rs. 1,000,000 each RedeerDl'te on Seplemb€r 26,2019 5,61S.200,000
0 70 06,ledeemable Non conve{ible Orbenturcs or Face vahe Rs. 1,000,000 each Rede-amabte on S€ptsmber 26,2019 653,152,000
0 00 % Redeemablc Non co'rvedible Oebenl$e$ ol Face vakre Rs. 1 ,000,000 eacb Redecrnable on Sepreftber 26, 2019rrr 56,037 000
0 00 % Rcde.mable Non c{]lrvertibl€ Debeolu€s olFrce value Rs 1,000,000 each R€deemable on Sep@6ber 3,20i9ru 500,000,000
8 65 % Redeemablc Non convl'niblc l)ebennres olFace value Rs 1.000,000 each Redeenabte on Argusl22,2019 r6,000,000,000
I80 % Redeerrable Non canv?nible Debemi{es of face value Rs. 1,000,000 each Rodeornabte on Augljst 9,2019 2,600,000.000
9 00 % Redeemablc Non..nvedible Oclreniures olFacevalue Rs 1,000,000 each Redeemabte an Jlty 15,2019 500.000,000
I C0 % Redccmable Nofl colrvedible Deben{ure$ af Faca valLie Rs 1,000,000 each R€deemabt€ on.tuty 15,2019r') 750,000.000
9 00 % Redee'nable Non convertiblc Ocbentltres o{ face value Rs. 1 ,000,000 each Redeeniabte on June 20, ZOj 9 3,400,000,000
9 00 % R€*eemable Non convenible Debenrues ot Face value Rs 1.000,000 each Re{tee zbteonJune 21.2019 500.000,000
9.00 % Redeemalrle Non con!€dible Debcnlures ot rac€ value Rs 1 ,000,000 esch Redeemabtc on Jlne i l, 2019r1) 100,000,000
0.C0 % Redeemable Noncoivedible Debcntures oiFace vnrue Us 1,000,000€ach Redeemable on 4p.i115,2019{1) 370,000,000
8.35 % RedeemableNln corvedible Oebe.l r€s ol v6l!e Rs 1,000,000earh Redeemabte orAp.il12,2019 250,000,000
925% t{edeemible Ncn t:onledible Debenures ofFacavalue
':nce Rs 1,000,000 each Redee.nable on Ma.ch 29,2019 833,332.500
I CC% nedeem.bre Non convenibre Oebealurcs oi r!.e value Rs 1,000.000 e3ch Redeemabt€ oo March 29,2019 1,000,000,000
9 4!53 % Rede.nable N3o canved,|le Debeitures !f Fr.e value Rs 1,000,000 each Redeefrable on March 11. 2019 500,000,000
!80'11. Redeemable Nor cnnvenibio Dcbennres ol Face value Rs 1,000.000 each Bedeeftabt€ on M:ah9.2019 500.000,000
9 0C "1, Fededmible Non corjve.i,bl. Lrebenlures ot I ace vatue Rs. 1 ,000,0C0 each Redeemabte on February ?2. 201 9 1,000,008,000
g 00 % Redcehable Non (orvodlble Orbent$es o{Face laluo Rs 1,000.000ea.h
Redeenable on Janlary 19,2019 1,000,000.000
I078 % Redeem€ble Nan.onvcnibie Debcrtures ot Face valu6 Rs 1.000,000 each Redeemabte on Janua.v 14. 2010 65,000 000
I95 % Redc{rmable Non conve{ible 0ebeitues of Face value Rs 1.000.000 each Rede€mabte o'} OecemDer 2T.20i6 50,000000
9 2775% llcdeemable Nan co.ve'1ilil. DebenUrcrofFace value Rs 1,000,000 each Redeemabre on December 13.20i8 630,C00,000
I30o/o Redeemable Non crnverlible Debeniures ol [zce valle Rs i ,000,000 each Redeemabt€ on November 23, ?01e,. 5.000,000.000
91775 % Iledcemable Nof coive{ible Debenlures of Face valto Rs.1.000,000 each Redeemabte on November 22 2018 520,000,000
9 1775 c,,i Rodeenrable Non convedlhle Oehenlures of Face value Rs. 1,000,000 aa$ Redeeaubte on November 8,2018 580,000,000
0455 % Redeemable Non canvedible Oebenlures ol l€ce valu€ Rs 1,000.000 each Redee,nabteon Serlember 12,2018 2,250,000.000
I 80 % Redecmrble Non conv€nible Debenturcs oi Face vatue Rs. 1 .000,000 eacl Red€emable on Seprember 9, 2016 2,500.000.000
8 55 0n RedeerELle Non convcdible Debenlurcs otface value Rs 1,000,000 oach Redeenrabte on Auglst31,2018 500.000,000
I 10 % R€deen€hle Non convedible Debentlres o{ tac€ value Rs. 1,000,000 each R€deenable on Aljgusl31. 2018 200,000,000
910 % Rede€mable Non crnv€dib{e D.benlures of Facc valrc Rs 1,000,000erch Redeemabl€on August 27.2018 700,000,000
910% Red€enrabl€ Non convcdible llebenlures o{t:ace value Rs 1,000,000each R€deenable on Augusl20.2018 2,000,000,000
S 15 7, Redeemablc Non conwdible Oebenhncs ol Face valua Rs 1,000,000 each Redeemable on Augusl 20. 2018 250,000,000
!.00 % Red€emable Non co'rlrdible Debertufes o{ Face vaiue Rs. 1,000,000 each R€deemable on August 16. 201Erlr 700,000,000
880% Redeemable Nonconvedible O€b(lnluros otFacavahe Rs. 1,000,000erch Redeemable on Argusl10.2018 14,000,000,000
I80 % Red€enlable Non conv€dible Debenlures oi tace value Rs 1.000,000erch f{edeenable on August9,2018 13,000,000,000
I50% R€doemabl€ Non conve{libie Debeolu.es ofFlcevalue Rs 1,000.000eacfi Redeenable on Augusr 1,2018 450,030,000
9 1067 % Redeemable Non convedibie Ocbe.l!'res ol F ac€ €rrc Rs. I .000,000 ca.h Redeemab'e on Jllly 25, 2018 160,000,000
I 35 % Rcdc€mrb'e Nor ,lonvenible Debenllrcs ol Face value Rs 1 .000,000 each Red€e'mDle on July i 9, 201 I 750,000,000
E 9s % Redeenable Non.o,'vedilre D$tr':nrl,(r:J aiFrc. value Rs 1,000.000each Redeemalteofl July 18,2018 2,000,000,000
815 % Redeemabl€ No. coiveniblc Deben(rcs ol face value Rs 1 000,000 ea.h Redeemabie oo June 29, 2018" 250,000,000
I00 % Rcdeenable No. coivenible D€bentures ofrace value Rs 1.000,000 each Red€emable an June 28,2018 500.000.000
9 30 vo Redeemable Non converiible Dcbanlur€s ofFace wlue Rs 1 ,000,000 e.ch RedeeBable on June 26, 2018 1,000,000,000
I00 o/, Redeetnable Non conv€dible 0ebenlures ofFace yaUe Rs 1.000,000 each Redeemable on Jlne 20, 2018 2,000,000.000
815 % RedeemableNon con!€dible Dsbe iwes ofFacevalue Rs 1.000,000 each Redeemable on June 15,2018" r ,000,000,000
9 00 % Redeemrbte Nor con!€rUble oeberlur€s ofFace value Rs. 1,000,000 eacn Redeemable on June l3, 2O18irl 700,000,000
t 45 y" Redeemablc Non comvediblo Dcbentrres of Faae valLle Rs. I ,000.000 rach Redeemable oo April 27, 2018 40,000,000
I30y. Red{x)m?ble Non conve'1ible Oebenhres oIFace lalue Rs 1,000,000 eacl Redeemsble onApril25.2018 240.0m.000
9 9i % Redcemable Non conwrlible Oeb€nlirles oiFace vaiuo Rs 1,000,000 erch Redeemable ooApdl20.2018 150,000,000
9.30 % Redeemrble Nor convedibl. Dcbcrtur€s ol face vnlue fts. 1,000,0C0 e3.h Redeenrable or April:1, 2018 200,000.000
'
iqii5.l!?.s!e
(l) R€dee{rable alofe ririm
'ltedeemablc Non-Cdrvedible Debeniure$ a'e s!0ured againsl lrnmovable Propedy / C!tr€nL,a€sels and poolof Curentand Futurc Loan Receiwbles of rhe Companl
" As at the ye* e.d,lhe Conrp3nywasln ihepocess oi c.ealing the €harge / secuFty on assels
d Unsecu..d Redeemabl€ Non-Co'lvenrllk Debenlures

{i) Rede€nable llon Convorrible Dehcrtur.s lpayablc at par unless olherwise slat.d){secured uoless otherwls€ stalod) includor' March 31,2016

900 % Redeomabl€ Non co,'v€nible Debenllris of Frce value Rs 1,000.000 each R€deemabl€on Match 13,2026" 250.000.000
I C0 7. Redeemable Non conle.litrle Dcbcnturcs ol Fa.e vnhrc Rs. 1,000,000 each Redeemable on February 7, 2026 500,000.000
9.00 % RedeerBble Non converlibie Dcbenlu€s olliac€ lalue F6 1,000.000 each Redcemableon D€cembef 31,2025 100,000,000
I 00 % Redeemabl€ Non cr,'vc ible Oebeilues ol F.ce lalue Rr. 1 ,000,000 each Redeemable on November 20, 2025 2.650,000,000
9 50 % Redeemabl€ Non .onvedble llabenl rcs of Fa.e vah:e R5. 1 .000.000 €ach Redeemable on .lune 26. 2025 10,000.000,000
9 00 % Redee{ratrl€ No^ c.rlve'liblc D.be'llui€s olljace value Rs. 1,000.000 each liedeen,abre on May 19. 20?5 250,000.000

6/\D
9 20 % Rcde€mabie Non comverliblc Debenlure:, ol Face value Rs. 1,000.000 each Red€em.ble on Oecember 3l, 2024 250,000,@0
9 20 ?o Redeenrable Non c.nve.lihle Oeb.ni'tres .'f Iice value R3. 1.000.000 ea.h Redeemable on Decamber 16. 2024 250,000,000
1 0 15 % Redeerrrabj€ Non ccnvonlbie Oebenlures ol I ace value Rs 1 ,000,000 eact) Redeemable on June 30, 2024 250,000,000
i: Redaemable Notr conv€.llble Oebenlt!.es ol Face vaiue Rs 1 ,000,000 each Redeemable on JtJne 5. 2024 Fl I r.t 250,000.000
Non convadiblo Ocbonlurcs ot F c. valL'e Rs. 1 ,000,400 e3ch Redeemable on gecember 24. 2023
6tic
,r\ /*.
250.000.000

3r
Non converlibl€ Oebenlues of t:a.4 value Rs 1,000,000 each R€d€emable on November2l,2023 {.000300,000
Non
Non
converlible Debe'ilures
conlan ble Debondres
oi Fate value Rs
of F60e va,ue Rs
1.000,000 each Redeemable
1 ,000.000 each Redeemable
on Odobe. 8, 2023
on augusl 29. 2023
\ Jr)'**-/-..' I 250.000.000
10,000.000,000
Non converUbl. Oebe.lures o{ Fa.e value Rs 1 .000,000 stch Redeemable or Malclr 25, 2023 50.000,000
Non co.vertible Debenllres o' t:a.e v.lue Rs 1 .0e0,000 each Redeemable on March 19, 20?3 1,000,000,000
 Indiabulls Hou:iig Finance limited Group

r.to{ss tornrins parr ol lhe Cor.oridated Fioancial Siatement. lor lhe year ended Mlrch 31,2017

{i) Reileemnbte Non convertibte Deb.nilres (payabre rt par unress orhetuise sr.red){secured unless olheBisa slai.d) in.l!dc:' Ma.ch 31,2016

convedible Debenlu.os ol Facc value Rs 1 ,0Q0,000 each Redeedable on February 20 2023 250,000,000
10 00 % Redee,nabl. Non
10 20 % R.d€enatrle Non converlrble Oeb€nto.6 o{FaccElle Rs 1,000,000 each R.deemable on Januatv 16.2023 350,000,000
1 0 00 % Irede€hablc Non convonihki D.b€olures oJ Face value Rs 1 ,OOO,oCo each Redcemable on December 3l , 2022 500,000,000
1c 00 % Redeernable Non conle.libio Drrhcnlues oi Fre !al!e Rs 1 000,0130 eacl| Redeemable on Decembe. 18, 20?? 150.000,000
!l1C./, Redeenrrble Nor conve.liblo Dabenllres ot face vaLue Rs 1 000,000 each Redeemable oi No€ml'€i 20, 202? 100,000.000
10 !0 % Redeemrble Non corvedibie n.b<rrlu' e3 ot r ac. valle Rs l .000,000 tach Red.etnable on Nowmbet 19 2022
15C,000,000
1000 % Redeenrabie Non eorle.liblc Dcbcnlltrcs ol Frce vallo Rs 1,000 0C0 each Redeemable on Novedbet6,2022 150,000,000
10 r0 % RedeenEbie No. con!€rtibl. Orbenl!.es of Facevaile R5 1.000.000crch Redeomable on .lulv 6 2022 ?00,000,000
1o ?C % Rcdeem.ble No. coivenible Debeditres ol Face v:rue Rs 1,000,000cach RedeembleonJune 28.2022 8,000,000,000
10 75 06 RedeeDable Non cooved,bre Dpberiures of Face !a:uo Rs 1.000.000 each Redeemable oo Apdl 3, 2022 1.250.000.000
1O 15', Redee4rble Non convenibb De[enlur€s ol l]3c€ va,ue Rs 1,000,000 each Redeenable on Febuary 27,2022 5.000,000,000
lo 7C oL Redeemabl. Non conv€nibb Oebe.lwes of Face value Rs 1,000,000 each RedeenEbleon November 22,202l 1,000,000,000
10.05 o/i Redeemable Non convsdibre Debenturcs of Facelalue Rs 1,000,000 each Redeemable on September 7. 2021 5,000,000.000
1O 2s% Red€emable Nolco.verllble Debenlures ol face v3,!e Rs 1,000,000 each Redeem.bleon February 18.2021 200,000,000
9.00 % Redeemable Non conlenibl$ D$b.nlrres ol Face value Rs 1 .000,000 each Redeensble on February 8, 2021 750,000,000
$ 0t % Rodo€frable Non conleirble D€benl{rres of I acs value Rs 1 .000,000 e?ch R.deemable on Januaty 1 9 2021 1.000,!09.000
9 0O % R€de€mablc Non cc.!€nitre O.benlores ol Facevalue Rs 1,000,000each Rede.mable on Januart 7,2021 3,000,000,000
9 00 % Redeemable Non convedibkr ollonlltres ot Face value Rs 1 ,000,000 ea.h Redee''able cn No'€mber 20. 2020 2,550.000,000
I il5 % R.deerllble Non convedble llebe.lrres ot face value lls I -000 000 each Rod€emable on S€plentber 18,2020 4,?50.000,000
9 40 % Red€emable Non ccnveniblc tuhenlLires ol Fac€vrlue Rs 1,000.000ea.l! Rede€nable on Sept€uber4,2020 10.000,000,000
I 15 % Redeemable Non convenible Debent$cs ol Facc value Rs 1,00C,000 each Redeentableon Augusl13,2020 130,000,000
9 15 % lledeemabl. Non eo',vedible DebenLlr€s ol Face valoe Rs 1.000,000 each Red€emableon August7,2020 150,000,000
9.25 % Redeenablc Non convenible Dobentwes ol Face value Rs. 1,000,000 each Red€emable on June 11 ?020 500.000,000
I25 % Redeenable Non convedble Debeitures ot racelaloe Rs 1.000.000 each Redeemabre on March 30, 2020" 833,335,000
9 30 % Redeernable Non.onvedible Debentures oi Face value Rs 1.000,000 each R€de€mable on March 27, 2020 200.000.000
945 % Redeenable Non convedible Oebenlu.es ot Face lalue Rs 1.000,000 sach Rede€matte on Oecember E.2019 1,000,000,000
4 00 % ned.enable Non converlible Debenlures oi Face lalueRs 1,000,000 earh Redeemable on Dec€hbor 2,2019(1) 2,000.000,000
4 00 c/o Redeem.bleNon @nledible Debenltres oi FacevalueRs 1,000,00C gath Redeenab,e on November 27,2019{1) 3,000,000,000
9.65 ?" R€dee'nable Non comverlible Debe'rlures of Face value Rs 1,000 000 erch Rede€rnahle or November 14,2019 150.00q000
I88"/. Redeemable Non crnve.tibie Dcbenlures ol Face value Rs r,0C0.000 each Redeemable on October 30.2019 100.q00,000
I90./0 Redeemsbl€ Non convlrtibre Ocbcnlu'es ofFacevaloe Rs 1.000,000 rach Redeemable on October 13.2019 150,0@,000
10 00 % R.dogmlble Nonconve.iible Debenldresol Fa.e value Rs 1,000,000 erch Redeemable on Seplenber 29.2019 950.0&.000
0 00 % Redeemable Non convenibie Dcbentlres ol Face value Rs 1.000,000 each Redeemable on Augusl 25. 201C(1) 3.000,m0,000
I00 % Rade$mable Non convenible OebonlLres ol facevaluc Fs 1.000,000 ca€h R€deomrbleon July 15,2019 5,000.000,000
g 25 7a Rcdecnrahle Non convedibie Debentures ol Face value Rs 1.000,000 6ach Rede€mableon March 29,2019" 833,332,500
I00 % Redea l3ble Non conve,lible Debcntues ol Face valtie Rs.1,000,000 each Redeemableo. Match 29,2019" 1,000,000,000
0 50 % Redeenabte Non convedibie Debeilures 01':ace lalue Rs. 1.000,000 each Redeemable on March 1l,2019" 500,000,000
I80 % Redeemablc Ncn conledib{c Di:boiiure. ot Face value Rs 1.000.000 each Rede€mable on fi,larch g, 201S 500,000,000
g 00% Redermable Nc\.tconvedible DDbenturcs oi Facc lahle Rs 1,000,000 each Redeedrable on Februarr 22,2019" 1,000,000,000
9 00% tlede.omable Nonconveruble Debenlures olFacevalueRs 1,000,000 each lledeemable onJanuaty 19,2019 1,000,000,000
I08% nedeemable Non conv'edible O.bentLlre! of Face wlue Rs 1,000,000 each Rede€rnable ooJanlary 14,2019 65,000,000
I95% Redo.erDhl€ Nor.o.vedille oebenlures o{ F6cevalue l.ls 1.000.000 each Redeeruble on Derember 27,2018 50.000,000
9 2e % Red.emable No .onvenirb Debdihr.es o{FacevalueRs 1,000 000 each Ren.eDable oo Decanbe' 13,2018 630.000.000
918 % Redeenabl€ Non ccnvcdible Ocbcnli.tre3 of Face vahrc Rs 1.000 0C0 escrrRedeenable on November22. ?018 520,000.000
! 1 I % Redoo rable No ccrlver lible Debenlur€s of face value Rs 1 ,000.000 cach Redeemabla on NoL€mb€r L 2018 580.000,000
I46 % Redeenrabie Noi.onvc'libb Dc!cnlocaotF/cc %lue R$ 1.000,000 ea0lrRedeemable on Sepi€mbe. 12, 2018" 2 250,000,000
9 80 % ReCeenable Non conve{ ble Oebenlirros of lace v51u€ Rs 1 .000,000 oach Redcenrable on Sepletrrirer 9. 201 I 2,500,000.040
910 % Redcetr1able Ncn !.nve.lille Deb€nloresol Fa.e value Fts 1,000.000 each Redecmableon Augusl31,2018 200,000,000
9. 10 % Redeemable Non .onvertlblc DcL,enl$.s o( F ce value Rs 1 ,000.000 eaolr Redeem6ble on August 27. 201 8 700,000,000
I 10 % Redeemabl€ Non .orwe lble oel'erures ol Face vstue Rs. 1 .000,000 each Redeemable on Augusl 20, 201 8 3,000.000,000
9 15 % Redecmable Non convedibls OebenlLires of Face value Rs. 1,000,000 each Redeem?ble on Aug{rsl20. 2018 250 000.000
I 50 % R€deeffible Non converlble Oebenturos oi F ce velue R€. 1 ,000,000 each Red€emable on Augusl 1 , 2018 450,000,000
911 Y. Rrdeenable ND. conve{ible gebenlures ot Face va'uo Rs 1,000,000 etch Redeenableon July25,2018 r60,000,000
9 35 % R€de€mabl€ No. convonibb llebcnlures ol Face valuo R5. 1,000,000 each Redee'nable on July 19, 2018 750,000.000
I30 % Rede€mable Non.onv€iible Debentur€s o{ Face value Rs 1,000,000 each R€deemableon June 26.2018 1,000.000,000
9.45 % R€deemabl. Nofl co,rvenibb Debenlurcs o{ Face value Rs 1 ,000,000 each Redeemable on Apdl 27, 2018 40.000,000
9.30 % Redeemable Non.onvedrble lJebcnhtres ot Fa.e value Rs 1 ,000,000 €ach Redeemable on Apdl 25, 2018 240,000,000
I90%Rodee rable Non co,rvenible Oebenturcs o{ irace vdlue Rs 1,000,000 eath Redeemable o. APril 20, 2016 150,000,000
9.30%Redee ableNon converlrble Debentrres oI Face value Rs 1 000,000 each Redeemable on April 4, 2018 ?00,000,000
I25 % Red€emable Ncn converlible Dobcnlu€s of Fac€ value Rs. 1,000,000 sach Rede€rEble on March 29, 2018" 833,332.500
0 00 % Redeemable Noi convedible Debentur€s ot Iace value Rs. 1.000,000 e3ch Red€emable on March 28.2018" 500,000,000
9.65"/. Redeem3bli Non ctnledibl. Deben(ures ol Face value Rs. 1 ,000,000 each Red€em?ble on Mrtch 28,20'18 1,000,000,000
0 00 % R.:deemable Noi conveiiibie Debe'rtures l)1F.ce €lue Rs 1 000.000 cach Redeemable on March 28,2018(1) 1,000,000,000
10 00./, Redeemable Non convanble Oebenlure: olFlcevalueRs 1,000,000 each Red€emable on Ma{oh 25.2018 150,000,000
g 30 % R€deenrble Nof .on!,edible Debenlurei of F;ce value R.5 j 000.000 eacl Re(Jeemable on March 19 2018 1.000,000,000
1A 10 % Rcdec{nabie Non.onvertible Oelenlufes olfacovalue Rs 1,000,000 e€.h Redecm.ble on Mafch 19,2018 1.000,000,000
0 c0 % Redeemable Non convc.liblc Debcnlures ot Face value Rs. 1.000,000 each RedeerlEble on March 14, 2018(1) 320.000,000
S aS % Rcdeemable Non conve.lible Debenlures ot Face value Rs. 1 ,000.000 ea.h Red€emable on Mach 1 2, 2018" 2,350.000,000
I30 % Redeen hle Non ccn!€d;bi. Dtbenlures of Face value Rs 1,000,000 eacn Red€emableon M6.ch 9,2016 200,000.000
980 % Redeemabld Non convcdrblc Ocbenlures ot Face value Rs 1,000,000 eaclJ Redee'nable on Marth 9,2018 7,200,000,000
935 % Rcdeemable Non convedrble Debentures ollace !al!e Rs 1,000,000 each Redeernable on March 5,2018 100,000.000
0 00 % Redeemable Non conve(ible Debcnrrr€s ol Face vllue Rs. 1.000,000 each Redeenableon February23.2018(1) t00,000,000
9 O0 9; Redeemable Non co.venible Debenlur€s of !3ce value Rs. 1,000,000 crch Redeenable on January 19. 2018 500,000,0@
10 25 % l?sdeem:rble Non convedible Debenlures ol Face value Rs 1 ,000,000 €acn Redeemable on Jan{rary 16, 201 I 400,000,000
10.50 % R€deemable Non convcrlible Ocbcnhnos of Face vtlue Rs. 1,000,000 eich Redeem€ble on Oecember 20, 2017 1.500,000,000
10 50 % Redc€mrble Non coavertibld Dsbe.lures of race value Rs. 1.080.000 each Redeemable on O€cerbe. 17, 2017 401,000,000
0.00 "/, Redeemabl€ Non convcrlible Dohcnluc:; ofFace value Rs 1 ,000,000 each Redeenlabl€ o Decen$e.1 2017{1) 100 000,000
I 58 "/6 Rede€nEble No convedible oeb.ntures of Fnc. value Rs I ,000.000 each Rede€rnable on No\€trrb€. 25, 201 7 250,000,000
0 00 % tledecmlrble Non co,venib e Debdntures ol face v3tu€ Rs. 1,000,000 each R.deemabie oo No!€mbar 24,2017(1) 350,000,@0
0 00 % Redeemable Non corvcnibi€ Dcb!'nlurcs ofFacevalue Rs 1,000,000 eal') Redeemabl€ oo No!€mber 16,2017(1) 100,000,000
000 % Rcdoanrrble Noo convedibre Debenllres otF6ccvatue F6 1,000,000 rach Rede€nable ot No!€mbef 8 2017(1) 270.000.000
0 00 % Redeemrble Non comve.libre Debent!rcs ol Face wlue Rs. 1,000,000 each Redeemable on October 3l' 2017{1) 60,000,000
9 88 % Redeemrlle Non ronveniule Ocbeniirres ot Faco value Rs.1,000,000 each Redeemable on octobet 30 2017 50,000,000
0 00 % Redrcmablo Non mnvenible Debenlures ol Face value Rs. 1.000 000 eaclr Redeemtble on O€tobor 26' ?017(1) 250,000,000
I S0 Yo Redee$able Non convcdible Oeb€nture!ot Face value Rs 1.000 000 each Redeemsble on Oclobe' 23 2017 30.000,000
100,000,000
0 !0% R€deemable Non corvedille Oebenlurcs ofFacevalue Rs 1,000,000 each Redeemable o. Oclobe.19.2017(1)
000 7" llcdeemable Non conve{ible Debenlltes ol Fa.e value Rs 1,000 000 cach Redeen,ble on October ll 2017{1} 30,000,000
r o 00 % Redecmabl-d Non conv€,1ibl. Debenlures o{ Fdce value Ri I ,000 000 €ach Red.emable on
Seplember 29, 2017 1,810,000,000
430,000,000
C 00 "/, Red€€mable Na. conv€dibie Oebe.lures ol face value Rs 1,000,000 oach Redeemable oi Seplember25
2017(1)
280,000,000
0.00% Rcdeemable No. conv€ ible Debenllres or lace value Rs 1,000,000 each Redecn blo on Seplembe. 1 1, 2017(1)
0t0 % Redeemable Non colvedibr. a).be.t!.es of race value Rs 1,000.000 ea.h Redee abl.on A!9us130,2017(1) 130.000,000
Rede€'nabra Non.onve.libi. t)cbcntL{es ol Fac€ valt € R$ 1 000.000 eacl Reddemable on Augusl t6. 2017 350.000.000
Nar conledille Det'enlures ci ra.e value Rs 1 00C.0C! each rledeenablo cn Augusl I 7 201 7(1 ) 150,000.000
Non.cnlenible Oeb.ntlres oi Faie laloe Rs 1,000,000 eich Redeedrable on Au9!s18 2017(1) 190,000,000
Noq convcnibl€ Dcbcnhrcs ot Face vtlue Rs 1 000,000 eich Redeemable on August 3 2017 250.000,@o
Non convenible Debenhres of fa.e vaiuo Rs 1,000,000 €ach Redeemableon July 31.2017(1) 50,000,000
Non conwnible Debentues ol Fac€ !€lue Rs 1 ,000,000 each Redocmable o July 24 2017 1.000.000.000
Non conve(ible Dehcniu.es ol Face lalue Rs 1 ,000.000 €nch Redeemable on Julv 1 7. 201 7 130.000,000
 indiabulls Ho!sing Fnrance Limired oroup

r.roles iornring p.rt ol rhe Corsolidaied Financial Siatemenis tor lhe yeaf ended Ilorch 31, 2017

{iJ Rede.m3hleNon con!erlible D.beirw.s (payable at P3ronlcs. othoMise strtdd){sacurod unlcas olheRise stated) incrudei" March 31,2016

915o/" R€d€emablc Non conwnibic O.bentutes ofi:ace value Rs 1,000,000 eachRadeem.ble on July 16,2017 250.000,000
10 35 % Redeemsble Nonconv€rllble Deb€.I!fes oi tace valle Rs 1,000,000 each Redeemable on June 2'l, 2017 3 250,000,000
0 00 % llirdeemablc Non convenible })henhncs otracevalue Rs 1.000,000 eac! Red6emable onJune 26,2017(1) 50.000,000
I2€ % Redeemable Non con!€diblc Oebcntlles oftaceralue Rs 1.000,000 each Redeemable on June 23,2017 4 000,000,000
I28 vo RedesrEble Non @nvealible O€b€mures o{ irce lalue F€ 1.000,000 eacn Redeemable on June 19,2017 3,000,000,000
10 50 % Rcdoedrble Nan co !€rlible Debehlufes o{ Face var're Rs 1 .000,000 each R€deemabl€ on Jun€ 16, 2017 250,000,000
0 00 0/6 R€da€m€ble No. conwdiblc o€lenllres orrace value Rs 1.000,000€rch Redeeruble on Jun612,2017(1) 50,000,000
4 5c % RedeeoEble Non convedible Dlbenlur$ of Face value Rs 1 .000,000 elcn Redeemable on June 5, 201 (1 l 3.000,000,000
0 0C % Rade.cmablo Non (lnvertible Oebenlur€s ot Face vah,e Rs 1,000.000 each Redeenubl€ on May?9,20111) 60,000,000
i0 50 % Rodeem.blcNon conv.flrbl. Ocbenlures ol Face varue Rs 1.000.000 ea€h Red€emableon ADfll30,2017 5.000,000,000
! 20 % Red*mrbJe Non co,rvetuhl. O.berl!,e$ o{ Face value Rs 1.000,000 each Rede€mable on Apd 27, 2017 ?5,000,000
0 0n % RedFmable Non conv.dible Onbenh/.s ot Face t l',e Rs 1 ,000.000 erofi Redeenable on April 27. 201 7( 1 ) 90,000,000
9 05 % Redeemable Non mnven'blc Oebenliires ol tace value Rs I .000.000 each Redeemable on Apnl 1 1 , 2017 245.000.000
g 30 % Redeenalle Non comter iitle Debenllres oi Face value Rs L00C,000 each Redeemable an Ap.il 1 1 , 201 7 e0,000,000
! 03 % Rede€ruble Non conve'liblc Dlbeillres orFaco vahl€ Rs 1.000000 elch Redeem:bleo^ Apil10,2017 115,000.000
I 30 % Redeemable Non .onvenibie Oebenl!.es oI Face qlue Rs I ,000.000 esch Redeenatrle o! Apdl 10. 201 7 120,000.000
0 00 % Redeembl. Nonconsdibr. oebedlrrres otFrce vrlue Rs 1,000,000 eacl Redeemabl€on Apnl6,201?(1) 30,000,000

:r 54.1114!!,99.9-
(1 1 Rede€ able at oremium
'R€de€mable Non'Convediblc DebenlLr{5 afe socu.ed against lmmovablo Prop€dy / CunentAssels and poolol C!.rent aod Fu{ure Loan Re.eivabl€s oI lhe Conpany
" As a{ lheyearead, the Compa0y$as h llle prcoess olcreating the charge/secudly on assers.

ilarch 31.20'17
{ii)(n){1)Tern Loan lrom banks inchdes as ?l March 31,20171): Amo.rnt{Rs.)

l,:T]:ffi1'f.i:Hil"".;Tj,",",j!?j"1".*anedyinslal|menlwi|hmorlo.iunrpe|iodoI6monthlrom
Icm|oanlakenfIomB!nk(s)'Theseioansalelepayablcinha|fy4dyinstal|menta|lerlhemor3!oli!mof3yearslrom|hedateofdisb!EemenLheba|gn@
l€n'rrc to. th€seloans is 30 monlhs (ave.ase) from the Balance Sheet.
To'nLoanlakenIrom8ankis)'Ihese|o3nsa|efepayab|einqUa'1edyi'sla||mco|9ilhmolatodUmpe.iodof1yea|lrom1hed!(eofdi5bu'semenl'Ttle|oan|
s€arred by hypoihecalion ofloan rec€ivables of the conp€ny. The balance te nurc fu lhele loljrs is 21 months (a!€rage) fionr lhe Ealance Sheet
rhFc roans are in veadv insraiimenr rro'n rh€ date or dishrEemonr' rhe bsr'nce ren!r ror these roans is 31 monrhs r3.000,000.000
;?"|;"r:1\1JIi::.i"* '€pavabre
]em loan laker frcm Bank(s). These |rans ar€ ropayable in yeady installmcnt with thc nbralodum pedod oI2 ye3ls1rum the dale of disbursement The b3tance
100.513,266.667
tenue tor th*re lo.risis 31 rno.ll1s (srerage) liom the Balance Sheel
len Loan or €k.n {iom aank{s), Thcic loans are rcpayable in buller al the end o{ the lenwe lr he drte of disbursemen!. Ihe balance r€nur€ for lhese toans
,s 12 nronlhs (ave'age) f'om the Ual€nce Sheel
8,500.000.000
TemL,o3n1akenfro'n8ank(s).Tl|eseloai1sarEpayi|b|einyea'1yifslal|menlaf|€r{h€moraloliumpenodo'1ye.
tenurefor these loans is 38 msnlhs (avcrcgc) fiom lhc galance Sncet.
Te'f|oanlak€nfof!Bank'Thisio3nis{e!atab|€innronti|yinsla||m€nlf.omlhedateo{disbu6emen!ThebalanceGnUleforlhis|o,nis61mol1sfomfo

;i$',',fl1$::#{s]'hese|oansa|€lepayableinq!adeiyinsta||menl''om1hedaleoldsbu'senent.Th
'l€.m loan laken ftom Bank This loan is lcpayablc ln Equal
rqual r'r trI5@tr'|re'rr
vslrrv instalknenls in 24th , 30lh and 36lh monlts The balance lenure tor this loan is 22 mon
hall yeady
rron lhe B€ran{,esheel 1 500 000'000

*i':1jlii:"#"?*Th|$|olln]srepayab|e.inlwocqua|insla||nent'tlhee'rdol18Jand30lhmon|hsThebalancelenUre,ottisl0anis18monlhs

lenur€ io. lhese lorns is 5? months {.vcragc) from lhe iialance Sheet.
Tenn Loln talen irc Banl(s), lhese lcans a'€ repayable in hall ye-ady instaihent wirh ih€ morabnum period ol I year f.om the date of disbulsement. The
7,000,000,000
babnce renure tor these loans ,s ?0 monlhs {avefasr) from lh€ Ealance Sh€et.
'f€nn Loan laken {rom Bank{s) Thcso loans are repayable half y€ady installmenls wilh lhe moratodll.n peaod ol 1 .5 yes.r trom the dale of disbuG?ment I h€
21,500,000,000
balance len!.e for these irans i$ 40 nonlhr trom llc Balance 'n She€!
Tem toan laten trom aank Thls loan 6 rcpayable al the end oi 18 monlhs and 30lh month from the&t€ ofdlsbursemenl The balancs lenufe for lhis loan is 21 5,000,000,000
nnnllrs trom lhe Balance Sheel
This lo,n ,s repryable ar rhe end of 24 months a.d 35!h monrh I'om rhe d,te of disbursemenr. rhe balance tsnu'e for rh.s loan h 35 10,000,000,000
l"flr::,n $"JJ:i3ll
TennLo3n1akenflonBankThis|oani5repayab|€inoua'1e.iy|ns|allhentwithnr|aloriunof18monlhsfromlhedaleofdi5b06€mentTheba|,ncelnui9for
rf'- aar' i! 12 no.mslron lhe baldnce Sheer')
Torm Loan o, (aken Lom Eank(s), I hese loans a.e fepayable in bullel a( lhe end ot lhe {enurc from lh€ date of djsbrrsemenr The b€lance lenlre tor thes€ loans
,s 46 nxinths (aver ag€) trcm ih€ tiah.ce S h€€! li) 1!)
|' 22 693,510.000

"*""",',he
end ot 4erh.61rh and ?2rh monrhs trom rhe daro of disb'ln'er'enrfhebnce renureforrhis roan 3 2{1,s30.000
:i'*ixTjr;*::-"lj"ilill;:"
Tem Loan of I?ken ltom Bank This loan is rcpa!€blc al lhe end ol 3(l , 6rh and 24rh months from lhe dare ot disburcemenl Th€ balance ren|]re tor Ihis loan is 5
18f ,0u,422
monlhs tuDnr lhe Ealancc Sheel s)&'
r",dyinsra!n6ntr {hemo,abnum pedod o{2yearstromrhsdateordish,Bemenr rhebarance L€nuie
;1f:i*,:-ii,f*Ji:[H"3,:#iJ 1.431,s47.880
Ierm l-oan raken fnm 8ank. This lo3n is repayable in y€dy insbllmentwih he n\o,6to'ium period of 3 ye?rs from the dale ol distrurseDent The brlrnce lenurc
ro. {15lor/ rs 6C r.Lnths lJoq t,re 8d'd"q, S),eer :lI 1 ,749.767,31 6

lcm Loan irke4 frc'.r Bank{!}. Tris loan is in quadedy inslallnrenl with moralotium pefiod ot 6 month Lom lhe date of disbuEemenr The bala
833'333 332
rn' ro' tnc 6'.cc 'erayable
)neetdata
i,ans 3re repayab
L"#j,:11,f$" f"m1s),-ri,ese
Teo L03n rrken Jrom Earr{s). lhls lo2r is rpryalle in yeady inslarlment silh lhe moflrritf pedod of 3 yea6 trori € dale of disbuEemenl. Tne b€lonce 2,000,000,000
renlre la. lh s loei rs 61 drorn|s lrom ilE g:l.nce Sh&l date
IennLoaflalGfko6Ban!(s)'Tlleseloals6'erepayab|e''y€anyinsta||menl*ithlhef]or'tonumpeiodol2yearsflomlhedaleo'disbu
8.000.000,000
tenu.e for lhese loars is 44 nronlhs tav(rago) kom thc Br,ance Sheei dat€.
Tcrm Loan laken lro'n Eank(s), this loan is repayable in y€'ly inslallmenl wirh lhe moralorium penod ol2 ye8lslrom lhe date ol disbuB€ment The balance 990.658.518
lenure to.lhis loan is 01 monlhs iotr lhc llalanceSheel d?te.o)

rolal{,Xl) 300,249,6E0,8E6

(1)Linked tnbaserale / ltlCLR of re$pedi!. lenden\

(2)Lo3n laken olher lhar from banks forRi 7{'0,000,C00

cornmercial borowj.gs {.o'n brnks for Rs 25,935,440.000

olLo.n Re{:eivrbie${Cutrent aid Fultlre)/ Cun€n( A.s€a / Cashand Cash Eqlivalenlsot lhe Comrany
 Indiabtlis Housing finance Limned 610uP

Noles rotmins pa'i oi the Cons'liC'ltd Financlal Slatooefits lo' ths yeir anded March 31' 2017

l4arch 31,2016

{ii) (a){1)Ienn Loanftom ba.lis ircli,des

a3 Rt!ltr'h 3't' 201tj11'

penod of 6 monlhs frod the date ol

Ted Loan taken tom Bank(sl. these bans 6re repavabl! n qlarterlv mslarlmen( dlh-mor'lorium 4,018,310,339
di)buFem.lr I hc brrant r Innu c rnr iesc k' ' rr 70 monlhs /ave'dgel tronr lhe B' an( e steet oaF
'
'r
T€mLo.nt6ke'll.omaaik(s)Ihes€bsnsarelepayabtel.ha|Jyeany'nga||menl.telthemolaloiiuaol3yealslronthedaleol 2.500,000,000
. ,L'Jls.rc l Ihc balrrrLe l€rrurd ' rr rl 5e oare
rodn! is l0 fl'onlt 3 {avetase) rrom lhe ts'lan'e sneel
Tcml'oanlak.nlrcmB'nk{s)These|oansa|e'epaFbleinquadedyinsla||menIw{hmo|a1olumperjodoflyea*flo.nlhedateof €,401.€05,5!48
d;bu6e;€nl The balance lenure tor lh*c 1a!.s is 33 donlhs (average) f'om lhe 8?lan'e Sheel dale lenure tor lhese
Te6 t oan tak€n tron Bankisl I hes. toas are repayrbte ifi yeady_in;bnment lros lhe &le of {trsbu|sedent The balance 17,200,000,000
loans is 36 nronlhs(a€€ge) {.om thc BllanceSh€el dat€
rem roan raten lrom tiank(s) th.se lo.nG orc repayablc n y.6rly nrliLmenl wlh the morabrum peiod of 2 yea6 from lhe date ol 105 013,300,004
d'\b.r1e.1,,,, I'ieLtJjtr4l..r,Fto'rrc.ec'dii's35'nonlhs{aveage)konlhcHs'anfcsheAtatP
ot disbuBe.nenl Tne bala.ce tenure
Tern Loan 1.ken tom Dank(s) I hess toans are rcpayabre in bu[et ai the end d lhe lcnlre 1r!$ the date 17.500,000,000
ioi lh.se 1o?6s is 1 3 rr'olhs (average) iron: lhe &lance Sheet dale
IgmLoanlskcnfrcFB'ik(s)rheseioan.arclela'ab|einyear|yinslallmenlaJlelolemo'a|onumpenodofly€.silom|hedaleol 18.083.333.333
d'sblrmert The tralance lenure 10. ihcsc l.ans is 33 rnonlhs (averagc) ftom lhe &l3nce$heet date
Tenn Loan raken from Eank ]hin toan 6 rcrayrbto in monlhly i;slalrment hom te
fo. this loan is 73
date ot disbutsef,Ent Th€ balance Lenure 500,000.000
mo.ths frorn the Balance 5h4et dale
tor lies€
Tdm Losn taken tlom Bank(s) Ihese to.ni a.c repayabte in quanerjy installnrenit om lhedal6 ot disbuBemenl The balanc? lenure 20,437,3aS,10E
loa.s is 24 moxths(a\€6ge) {nm the galalrceSheer d.l.
Tem l_orn tar.n tron B.;k. This s r€Fyabre nr quadeny insrallmenr atler i,he moralonum ol2 yean tom the date oi disbusen€rt Tlte
tos 1 750 000,000
bnla .e leru.e lorthis l.an is 21 mcnihs tnm theBalaFcr:. Shcel dale
fcm !.an laken trom Eank iiis tor. is repryabie in €quat hrtt y4dy inslallment in 24th , 30lh aod 36th manths The balanoe tetufe lor this 1.500,000,000
losn ls 34 mcnlhstrom ihc 3ilincc Shccldil.
Tern toar iakei fcin aa.k. Ihis tosn is rcrayabrc in i$o equal ioslalr.renl ai ih. end of l&h and 30lh monlhs. The balaoce tenurc for lhis lo3n 5,000.000.000
is 30 month. f.om Lhe B?ia ce Slreel d.le
tenn Loa tati€n nonr Bank(s) fhcsc torns are rupayable i. y€any iistallrnenl wilh the flo.atoriufi pedod of 3 yeBB frcm lhe dale of 24,m0,000000
disbu$enJe'it The batance lenurelorlhese lornsis 5? nronlhs (average) f.onlheBalance Sh€eldal€
Term t-oan t3ken llom Bank(s). These 1o3ns are rupalable ln qu3rl€riy Insrarlmsrls w h moratotiutn of 18 fronth! ftom lho dato ot 3,6.12,857.142
d,\b!6emrnt I ne brlsnce renu e ,oJ lne ie oins is ? 1 mon'hs t aleragej {fom lhc llalcncc Shccl dila "
lenure
Tc.m toan raken from Bank(s) These toans are repayabte h butle! aathe end ofrhe tenrre from lhe dale ol di$bur3em€nl The bBlonce 12.043,446,125
for th€s€ h{rns is 1 2 Jnonlhs (aver3ge) kom lhe Oalance Sheel
rrt{{''
Tem L oan lak€n tnm Sank nris toan is rcpayable i. equal installments al the 49lh , 6l lh and 72nd monlh trom lhe date of the iirsl dn*{own.
3,316,645,000
r')^'
1be balan.e tenure tor lhis loan is 56 nonlhs lrom lhe Balance sheel dsle date{"
I erm loan taken hom gank Tho baknce .mounr is payrble .fler 2,lmonths kom UJe date of disbuG€msn! he bataoce
T lenure for this loan is
191,34{.905
("r' '
I 7 mon'.hs irom the Ealsnce Sheel.r'r
Tenn Loao laken f.om Aank(s), this rorn is repayable 1n quadcdy installmenl wilh moralodu.n porjod ot6 monlh tom tha d3le ol disbu.semenl 1 .388.E68,888
The bal.nc€ (enur€ for th*e loans is 30 monlhs lrorn the Balance SheeL dale
Tem torn taken lrom Bant((s), Thisloan is rspayable in yeany insbllment konr ine date ol disbuEeinent The balance lenure for this loan is 12 333.333,333
nlonlhs trom th€ Ealance Sheel dale
fenn loan lak€n lrom A€rkls), This t.an is rep.yable in yearly insrallnent wilh lhe momloiurn pedod ot 2 yeals from the dals ofdisbu6ement 1,500,000,000
T[e balsocr tenore for Ihis loan is 45 months {.om lhe 8a]3oce Sheet dale
le.nr Loao raken lrcm B.nk(.). rhs lotln are repayable in y€rjy insialrnrenl wilh the morato.ium pedod ot 2 yerrs f.om lhe dat€ of 1 ,500,000.000
d$blrsetrrrl -rhe balance Ieouie iofthis loa. is 48 monlhs ironr lhe Balance SlRl&le
Toral lrllll 250,?81r,613.725

linked lo ba:;e rate airespedive lerld€I:

lnclurle.s Lo?n raken olt€fthsrfron banksfor Rs 1.500,000.000

b r trntr1ag:. {, or 1 brnkr
ror Rs 13,2C6,580,000
In( trdes Licm3j con rmr! c
.Sscqrc.i by nyporhecalion CJl I "t
oan Rec(rilrlbledconent and Future) I Cur€nl Assels I Cash a^d C€sh Equivalenls of lhe Company-

llarch 31,2017
(ii0 Subordifllto D€bli
326.000,000
10 65% Sul'ordnraled Debtofface valuc nl Rs 100,000 each Redccmable on Novetnber 15. 2027
436,500.000
10 65% SubordinaBd tlebtot Faco \.llre ctRs 100.000 each Rodeetnable onJune 30,2027
1.000.000,000
l0 250,4 Subordinated Oebt ol Face lrlue !'t Rs 100.000 each Redeemable on June 28 2027
lls. 100,000 etch Redeemable on June 05 2027 1.100.300,000
10.65% Subofdinated Debt of Face vaiue ci
g iC% Subordinat€d Debl of Face €lir€ ot Rs. 100.000 each Redesmable on June 29 2026 6.097,000.000
1.650,000,000
10 00% Subordinat€d Debt oi Face vnlrc ol Rs 100,000 each Redeemabie on Atlgust 03 2025
81,500,000
1O 1O% Subo'ninated Debl ol Frc€ valle ol Rs 100,000 each Redee.nable or )ulv 21 2025
50,000,000
9.70% Subofllinflted Debl olFace valle ol Rs 100,000 each Rede€mable on Marcn 17,2025
Rs 100.000 each Redeemable on Julv 17 2024 100,000,000
10.85% Slbordinat€d Oebt o{ Faca \arue ot
200.000.000
l0 80 % Subodinated Debt ol racc voluo ot Rs 1 00,000 cach Redcemable on Da.enrbet 23 2023
50,000,000
10 85 v" Subodnal€i Debt of Fatc v21u€ ol Rs. 100,000 cach Redeenable on l)clober 24. 2023
elch Redeemable on Seplembe. 2T ?023 250,000.000
r 0 85 % Subordinrl.d Debt ol Face vciue ol Rs. 1 00.000

Rs 100,000 esch Redeemablecn Soplembc.23' 2023 250,000.000

10 10 % Subo.dnrakd Debt o{ Flce velue ol
o/. ot fts- 100.000 erch Redocmable ot JLrne 3.2023 1,250,000,000
990 ,<tubordi'ral€d Debtoiface vatue
ol Rs 100.000erch Redcemable on Mav23 2023 200,000.000
980 % Slbordinaled DebL oi Face valtra
ofRs 10q,00O sach Red€emable on March 28 2023 250.000.000
1010% Subodi.aled Debl of Face valLre
Rs 00 000 cach Redeemat le on Ma..h 06 2023 200.000.000
10 10% Subodinaled OebL ol Face value ol 1

100.000 each Retleenablc on Fehru3ry 18,2023 250,000.000

1010%slbo.dinaledDebtoliacevsiucofRs
on .,a.!ary 30 2023 100,000,000
10 65% Sdbodinaled L)ebt oi Facc val,,c of Rs 10c.000 .ach R€do€mable
250,000.000
10 10% Suboiiinatcd Debt of Fll.c vaire o1Rs 100000 each R€dee{r.ble on Januatv 14 2023
200.000,000
i0 ?0% S'b.di'BledDebl oi Faie val!€ oi Rs. 100.000 ea.h Redeemslle on Oecenrber04 2022
11.000,000
1C 65./" Slbordinaled Oebt oi!a.f v.l!e ol Rs 100001) each Fedeemable on Novemb..15
2022
250.000,000
1o l0% slbordinrled llebt o{Fac! vnluc.t us 100,000 each Redoomable( oclob-^t31 202?
400,000,000
10:10% Subofdi.a{rd O€btcl Faee ltlue r,l Rs.100,000 each Redeemableon oclober?2 2022
350,000,000
10 30% Slbo.dinaled O€bl ol Fa.e €lue o{ rls 100,000 each Redeemableon October09,2022
150,000 000
Debl ofFace €l!. ol Rs 100,000 each llede€rnable on Ju.e 05,2022
150,000,000
Debt ol Face €lue ol Ri. 1 00,000 each Rede€ 3ble on Match 30, 2022
200,000,000
Oeblof face\€ire of Rs. 100,000 eacb Red.emableon Fe'\ary ?? 2022 '
100,000 each Radeemable Jtnuo., 31 2022 362.000,000
D€blolFaccwilleolRs o n

16,22{,300,000
 Indirbulls Housins Finan.e Limiled Group

Nores forming parl ot tlt. Co.solldatod Finaocirt Slatements for rhe yetr ended llarch 31,20'17

tlerch 31,2016
iiiai S0todiiate O.btl

10 65% Subordinated Debr o{ Face vi ue ol Rs 100.090 each Redeemableon November lS,2027 326,000,0@
10 6lt% subordinated Debl oi Fac! lalue d Fs 100,000 ea.h Redeemable on .]!ne 30,2027 496,500 000
10.25% Subordinated Debtot Face v31ue or Rs. 100,000 each Redeemable on Jlne 28,2027 1,000,000,000
l0 65% Subodinaled O€bt oi Face v.lue olRs 100,000 cach RedeeDable on Ju.e 05. 2027 1,100.300,000
10.00% Subodinaled O€bt ofFace ulue of Rs 100,000 eoch RedeeDable {tn Auslsi 03, 2025 1.650.000,000
10.10% Suboddated Oebt ol Fsce valire ol Rs 100,000 each Rede€mable o. Jury?1.2025 81.500,000
9.70% Subordna{ed Oebl ol Fa{.e vaiue ol Rs. 100.000 each Red€emable oo March 17, 2025 50,000,000
r0.85% Subodinared Debt o{FacsvrlueorRs 100.000 e€ch Redeemableon Juty 17,2424 100.000300
10 80 % Subordiraled Oebl ol f a.. valuc ci Rs 10,,000 ea.h Rede€mableoi December23.2023 200.000,000
10 85 % Slbordinated Oebt ot Face valuc 01R. 10c,000 ea.h Redeenable o^ Oclabe( 24,2023 50,000.000
l0 85 % Slbofdinsled pebt of Fa.e valu. ci r1s 10c,000 each Redeemableon Seplenrber 27,2023 250,000,000
10.10% Subordinaled Debl olFacevalue{rl Rs 100,000 ea.h Redeemable on Sepletrrber 23, 2023 250,000,000
$.90 ',1 SL,bo.drnaled DetJl cl trce value oI Rs 100,000each Redeemable on.lun€ 3.2023 1 ,250,000,000
9 80 "/" Sobordinaled Debl offa.o velue of lls 100,000 erch Redeernable on Ma\ 23.2023 200,000,000
10.10% Subdrdiflaled Debl of Faco valLrr ol Rs 100.000 each Redeemable on March 28.2023 250,000.000
10.10% Subodloar€d DoblofFace wlue ot Rs 100,000 eEch Redeem3ble on M8rch 06.2023 200,000,000
10.10% Subodiml€d Debl ofFaee rdlue of Rs 100.900 each Redeemrble on February 18,2023 250,000 000
10.65% Suhodiiar€d OeU oflaca van'c ofRs.100,000 each Redeem3ble on January30,2023 100,0c0,000
10.10% Subofdlnrled Oebl ol Fa.c v?rxc or Ri 100,000 €3ch Redeemable o January 14, 2023 250,000,000
r0 20% Slbcrdr!.aled Debl ol F3.e €rre otRs 10C.000 ea0rr Redeemabl€ on O€.cember 04. 2022 200,000,000
1 0 65,/0 Slbo.dirrled Oebl of Faee v6lUe oi Rs 1 00.000 each Redeemabie on Novenb€r 1 5, 2022 11.000.000
10 30'/o Slbord,naled Debl ol face vr]!e ot Rs 100,000 each Redecmabls on Ocbber31,2022 250,000,000
10 30o/o Subofdioared Debl ot t:a.c vriuc ot tls 100,000 prch Redeonable oo Aclabet 22 2022 400,000.000
10.30% Subcrd,nal€d Dehl ofFac€ v.luc of Rs 100,00C arch Redeemableon Oclober09,2022 350,000.000
10 65% Subodinaled Dob! ofFlce value ot Rs 100,000 €ach Redeeiubleon Jln€05,2022 150,000,000
11 0090Suhodinated Oeblol Face €lue ol Rs 100,000 each Redeemableon Marcn 30,2022 150,000,000
1 1.85% Subodinared Oeb! ol Face value ol Rs 100.000 each R€deemrbie on FebNary 22,2022 200,000,000
1 1 85% Subordinabd Oebt of Fan: valLra nt Rs 100.000 each Redeenable on Jatuafl 31 . 2022 362,000,000
10.50% Subordinated Debt ofFae vrlre ol Rs. 100.000 €ach Redeemable oo Ms.ch 26,2018 1 ,250.000.000
11.6070 Subordinaled Debt ot F:ce value ol Rs 100,000 each Redeemable on Juae 22.2017 1.000,000
11.e0.,i Subordinai€d D€bt ol vrlue c{ Rs 100.000 each Red€emable on Mav31.2017 150,000.000
':rcc

--lle!,:99f99
(r1) Conhngenl liab,ltv dnd Commilmer'rr.

(6) Demand Wnding u/s 143(3)oi ihe r.cooD Tax A.l.'1961:

{i)Fo.RsNilwi|h.es!ecltol]Y2006.0/(PrsviousYea.Rs1.612'574)a9ain5ldisaI|ow,n.eU/s14Ao{the|ncomeTaxAc:{,1961,againsllichh
(ii)for|'ls2414'210wilhrspeclloFY2007'08(Plevio(lsYearRs2,4l4.210)aEainstdigio@rceU/51.{Ao'lhe|nccmeT?xA€t.1*j1.ag

(t, For Rs 49,028,721 triih r€specl 10 | Y 200 r-08 (Previous Year Rs 5l .442.931 ) alainsl disallowanca LJls '14A, against sirich Ure nppeal is pending belo€ ITAT.
(!v)':olRs12'301'23swi|hfesp'c|IoFY2008'09(Ple(oUsYea.Rs12'301,23!)againstdis,||o!vancsUis14Aolthe|ncomeTaxAcl'1961'again5l|ch
beJore Slrrene Cou.l
{v)ForRs.12.737,519wlh|esped1o|Y2010.|1(P.€VousYeerRs12'737'519)a9ainsldisa||owanceUrs14Aof|h€|ncomeTaxAc|.196j'a9!inslwhichlhedepa(mentasf|ed
:ppealbe,o/6ihe ITAT agsinst the.rde' ot CIT {Appeals)
(vi)FolRsN||withrsPe.1tof:Y2011.12(P|e'o!sYea|P6'1,1,625.706)againsldis'llowancesUls1rlAand32(1)helnmmcTalAd,1961
belore CIT (Appeals)
{vii)FolRs17'526.280qi1hrcsnc.l(0fY?011.12{PlaoL|5YearRs17'526.280)a!ainstdi5al|o
appeali$ pendifrq beiore ll Al.
(vjii)t'olRs632'676wilhrspo.ll.rFY2012-13{PfeviousYearRs632'676)a9ainsldisa|lowanceu/s37oltIo|ncomeTatAcl'1961againstiohhe€pp$l|spendjn9be,oBc|T

(it) l:or Rs 764,120 wilh fespecl lo FY 2012'13 ( P.evjous Year Rs Nil) aganst drsallow3nces ds 14A Bnd 32 (1 ) ol the Income Tax Ac1,1961 agrinst which the agpeat is pending
lrelcre Cll {App€3ls)
{bXi)0e.1afdpendingdsof25,55'56&61of,|heRsias|hanVa|UeAddedTax^ct,2003lo'Rs.14.505'673(|nc|udingin|eresl8penalty)wilhrespeioFY200?{8loFY2012'13
{P.evjous Year Rs. 14,505.873) alainst appeatwas pending be{.re Rajasthan High Coud The Company hss paid lax along wilh interest for Rs 6,23 t,069 (Previous Year Rs
"arich
E'231.069)unde.prot€s|r:!nhellhecompanyl'asdeposiledRs2'068'701/{Plev|ousYea.RsNlt)onMay30'2016'FUf€r.lh€companyhasop|ed'o.NewAr'ne5iysceme2016
anda.co.dinqlydeposit€d25%dili'edispLileddeinandsmolrntandyiilhdraM.ppealbelorctheHon'bleHighCourt

{ii) Denrand panding uls ol25, 55 E 61 ol The Rajaslhsn ValLre Added Tax Act, 2003lor Rs Nil ilnduding interest E Penally)wlh respect lo FY 2012-13 to FY 2014.15 (Previous Year
P-51'240,200)againsls,hichaPPealwaspendin9beforTne^ppe|laleA!|hodly.||.colrme.c1.lT6.J3ip0rThe
R5472'?00ufde|protesl)'FUnhel'lhecorrpanyhaso!ledlolNcwAmneslyscheme2016andaccodins|ydeposned25%o1t}ledisp!ledd
Year Rr Nil)and withd.a*n ar3rp.albcfo.. the Appellal€ Authorilyl I

{c)Co'pol:tecoUntergua|aflgesoLr|slandin9inlespeclo,secU.iUsalion/assignmenlagrements€nte.edbylhecompany
1'879'775'887(P.e,oUsYeara5t'0i/!..i'5'887)a9.i'ls|[+1i.hco||atera|deposdofRs87.150'746(Pr€viousY
plo!i.ediolhe,.signeesbylhecohpa'yn]thefonnofFixedDepositReceiplsThecompafydoesno!,nti.ipa|eanylossesonaccounl
.fLhe riqllts undef guaranlee being crcrcised by theassig.ees
(l)T!eGloUpftheodinarycour5coibuginess'h,sc€,1aincoudcasgsp€nding{hemana9ementdoesnolepec1anyunlaw!rab|eoutco
he nnancirlpositior ol lhe Group.
(c)capit3|commilmenlsio.acqUisitionollixedasselsalv?rioUsbran.hesas.|theyealend{netof6pi|al3dvance59aid)Rs'639'1,3{0(Prgv
{0conlingeitliabi|ilysilh'espe1;(toSecu'i1ydeposittolheBombaystockErhange(Repren||n91o[oIlhe|ss
secliily d€posll prc$ded by lhe company lo lh€ erchange is Rs 30,000,000 and the balaoc€ is in lhe fonn oi a bank gualanree).

Agreeqlenl(SHA) €nl€rcd,nlo betl€cn lhe slst!9rii. floldiog Crc$tpanyllndiabuls riffincral Services Umiled(l8Fsl)1, IFCPL and Amaprop

TheconlpanyhadpUlcha5edtielemai!riJrg4!50%ol]'233.696Eqilyshares$t'|chw€leearJie|h|d
lfCPLis a *tolly oMod si:hsidi;.y oflhe CorFany

r,:'ilr year 201 4-15, th e Couurrfy hdd ludher in!€slcd Rs 1 ,000,0?0,00{) by subscribing to 3 333,400 Eqrity shares ot face value Rs 10 p€r share

wih Indirbllls Cornmerciil Crodil Li'niredwilh appointeddale Ap.ir0l, ?015 {tuh'rd'41

 Itdi.bulls Housing Fin,tce l-i ited Group

Nctes io'ming parrollhe Consoltd'red Financial Slatenent€ fo' tho voa' ended Marcn
31 2017

{33)

Scamcntinfo'nation'o.lheYealededMa.ch31,2017:'aspel^c@|lnlingstandsd(AS).17.S€gmenlRePo.|ing.
(a) Pnmary scgment Ffomalion {by h!sn.:ji seqtne,{s)

:Unnllocated expenditlre n€l ot olh.. lnallocaled income

Cuder{ lalos {NctolMal Crcdit cniillemenl) and Detened lax cha.ge

Non.Cash expendil0re olhe. Lian dep.ecjalnn

Unailocal€d Non.Cash erDendinre olhdf tiun d€ore.iation

Non-Cash Spendilu.e olher than deprecialion

dtnctudes Divdend lncorne on unns of !r!!ual Fund. Cnin on MutualFund lnleshenls rnd P.olilon sale of cu.renl investments included in other in.ome.
js
b)Tho Company opchtes sotety in one Ceographk segmenl namely'Within India'sod h€rc€nosepartle inlormatioo lor Geognphic segm€fllwbe disclosure reqsircd-

c)Th€group,spnrrbusinessse!meJrts3rr|lect9db6sedonpnncipa|bL'sjnessgctjvi|iesca.rie{,o.lbyeGro
ofinveslin9andJinancefel,tedaclivities{investinginvaioussUbsidia.es.|inancn0of|oansandc|editat|6)and
Income lrom Servic€s, selng o{ lnsurance ptoducls as a Licensed Coaorale Agenli and olhar .daled ancillrrv seMces

d) Segmentrevsrue, r€sllts, assels and iiabilities incllde amounls identiliable loeach s€{ment and ,mounls allocal€d on s rcasonable basis.

€)The3ccoUnlingpolici€sado!ledfo.scgmenlrePodingareinlinewiththeaccounlin9po|iciesadopted'orpre
Poli.is (1)3bove

l34l Disclosures Jn rospect oi Rellled Panios a. per Accountlng Standa.d, As-l6, 'Relatcd Pdrtie$ Disclosuras"

{a} oerail. o{ Relal€d Parly;

Natur€ of relali.oship

ffir*
OakNonh lloldinqs Limiled (w.ef. Novembe. 13, 2015)

w
Ksy Mansgerterl PeFonnel Mr. SaheefGenbut, Chairmsn & Exac$live Ok€clor
Mr. Gagan 8ang., CEO&Mansging D.eclor
Mr. Ashwini Omprrkash Kumar, Oeprrly Managing Oitector
{' ':(, Mr. Ajil KlmarMdlal, Execulir€ Oireclor
Mf . Sadin Chaudhary, Executive Dreclo(lrom Octobe.2l, 2016)
 Indlabul16 Sousing Finrnce Limited Group

Noles{orming part ot th. Con.olidaled Finaircial St.tem€nts for lhe yoar ondcd ila.ch 31,2017

.ill }1, tt!.tj-.1!-l ir'tiltt!!:l !/r rr

'
,rir i,.r fr! rir!.!,.,,rjl !!9-|!j'_ 9de! Mn! ! 3L?!l1t
iN3tu.e ol rrnnsaclio^

Inler6l l*.!mc 0. Lo.r

/ Renunenlion (hcluding p€rquisile and relnomenl bonefils)

rssueof E{ruily Sbres undo.FSOP ic.f ens

:'t,ttstt . /.1 t,ni.r'...rr
=^4
,.1|lrr$t.nnirJr !il.!1.ir a! n1l$irili 3t 2017:

lNalrre ol T.ans!.lion
l
i

March 31,2016

Pt .9i9!" ftud!?q

'Sabry and retkal b€nefils has only been considercd from Oclober 21.2016 onwards(dale ofappointment as a director)

(X5) Earning$ P.. {:.t! ily Share {EPS):

Eamrngsf'rl I r,,ily Share {FPS) .)s perAc@urting Slrndad (AS)-20'Eamings PcrSharo"

Th. brsi. ernrings per sha.e

lheyea''D1|ul€dean]iirgspe|sha|ear.ampUied,singlheweighle{aVela9en']mbe
is$!edcniheconve.!ionofalldi|ulivepo1enda|EquitlSha.es'Thedlllxiveolenlia]E

oilutivepolentia|[quilysh,.esaredee'tedconver|ed3so'gbeginnin9ofthoyeai.U
[qUityshares3|e.djusledI0.p0ien1|a|i1||ulivaefeclo|ErnP|oyeestockoplionP|anasappropriab,Potentia|dibl;!€EqUitysharesonacu
be.ng €rri diulr in nrrure

Maroh 31,2016
)na..h 31 ,2017

Protil avrilable lor Equify Sha'ehoideD (Rs ) 29,063,928,177 23,447,329,839

!i'.,!irifri averagc number olShares used in compuliog Basiccamings tclsh:re1hr,! i 422,455,701 391,8'14,413
'''.Pot.ni,r.at,rollo,.rySt'rcrhrr@uiori1,^ne(ecFeolS,dreV,drrqls"ndFmploi€eStockOptloAs(N6.1 5,096,073 7.293,625
vieighled av€rage rumbe' of Shares used in complliig Diiuted eamirus pc.share (No: ) 427.551.774 399,r08,038
Fr.e Varue o{ Equily Shars (Rs ) 200 2.00
Basr Fam,nss Per Equ,iy Sha.c (ns ) 68 80 59 84
Dll'rled Eamlngs Per Equily Share (Rs ) 6?.98 58.75

(36)|fespeclo{an$UntsasmenIionedunderSeclion124o||hecompanies^cl'2013'1nelew€l€odU6(Pie

fis
au#e
 Indiab!lls HoBing finan.o Limi(ed Group

Notes tormnrg part o{ihe Consoli&tad Fin.ncialStatemenls torthe y€ar ended fltarch 3'1.2017

{37J Oeuils of Shaie Applic.llion Mcney Peldnq Allolnchl

No cf EquilyShares lo be prem um I loralPric' P€'! rotare*ounr

(Rr.) (RsJ i .4"']., I tn,.t
?.9r: :1:r- /\ r tc4 75 1921.U2 tllFl Esos - 2011
rhFL reFSL Frraov{!,r s!rt! Otli ' ?ta8
Grnnd Toral 4,051,37!

(381 The ConFrry has €nlered i

anrountingtoRs,175,7n5'532'687!ploMa..h31.2017('1s'],i,,,.'i,!!{,'7l,loM8ic
outstanding as on lhe Balance she.i dal{)

,o|icynle.!io.edins|9.jfanlAc.,Un11n9pol].lesinNote1{I)abovealdlesidaa|i

{3e)

?013.app.ovedlheSchenie01Ar.nqcnen{(ordc.)|ntemsollhecoUdapprovedSchemeolA(angemeni'
Roc'NcTo'oe|hi&Halyana{theFI'e'liveDa!e)'lt]ljsL'asa!oi.!conce']'s1andsaDa|9am6tedwlh8HFLwithe'feci'omlheAppointedDale,beil|9Ai|1.2oj2(Undo'ihe
A6odnlingsl.nd'.d1,.-Poo|in!olnl.x6tmethod)Consequenl|othos.hefeo
Li.rcn ?5. 2013. issued and allolled -
ii 312,511.107 Equity Sharcs of Rs.2 each oi the Corvany,

ii) 27,500.800 Wadanrs of lhe Company {agatrsl the llsled wamnls ot lBtSl.), and

iii) 20.?0{}.000 Wrron{s of thc Conpany (againsl re unlisled wananls oi BFSI held by cedain promoler group entilies rnd Key Managemenl Pelsonnol o, IBFSL)

tolheEq!ity5hareholde."/waqanlshoid€rso'|aFsL'a9ains1the[ho1dingsinsuchEqUilyShar€s/war'nls'asonMal€h20.2013i'e
Ihe issue o{ €qlity Sh.rs / wnnanlt by the Conpany was in tems ot lhe shar €i.hange €lio as menloned in lhe Court apprved Scheme of Anangement The Comp8ny is in he
ploccssofgg(ingilsShalesandwa'ran6(iss!edin|i€Uof|istedwananlso't8FsL)|isted1i1hNat|ona|slockgx
applicalio s a.e beinrfinal,sed tlbeliied with tre Stock Llchanges

(10)

ol lhe p.ovisio.s otSeclion 3

2!l5TheHon'b|et]i9hcoUdo{o€|i!i'videi|soldeldatedlv!arci]15.2016'le!ei!€dbylhecompanyonMa.ch31'2016'approvedtheschemeioe.|nl€mso'hecoUi3P9rord
Schg'ne's|hhen]nqo'1hec0|yo'lhco.del'ont.,3rch31'2016wthlhcoficeofRoc'NcTotoe|lri&Haryaiai|heE'{ec!eDa|e)'liesch
9nlng(on'en'st,ndSanalgamateds;lh|cCLwj|hei'€cliromrheApp.int€dDate'beingAp|01'2015

Share Lxclianqe R.lio. tir€d undcr lhc Schcfrl:

14t) D]s.ios!l€sinr:jpectoispcci'iccaankNok]s{sBN)|E|daldlmnsacleddudngIhepenod'lom8lhNovembel2010lo30Lhoecembe'2016asraqfedv|deNo$liGhnNoGSR
308{El dated 30rh [13rch.2017 Erued by lhc M nislry ot CoForale Aftai6]

SBNs To|3l

108,66i
Closing cash in hand 3s on 08.11.2016 42,750,000 467.382 43.326.044
lRefer Nole 1
46,5C7,37i
(1) 46.592,372
{Reler No{e 2
4,242,361
i) Cajh d.poerrrij bycusromcr- ri lhd &rnr: (7) 200,000 (Reler Nore 3 4442j67
821.723 &21,723
4,351,02!
") Amount deposiled i. t]3nks 42.950.000 41,918,673 (Refer Nors 1 3 89.219,702
3
cash in hand a5 on 30.12.201$ 4,324.2?0 4,324.2tO
(1)'sino ilyegalirg 10 Rs 108,662 is not cleady Ieoible {ron rhe bank deDosiLslios availablewilh lhe cornpany.
Detairs ol denominalion tor aFol inls iracreaalinq
12) includcs wilhd.owrllroh bank aggiegrlins lo Rs 1,3.45.000.

dctails ofdallodrination {SBN s / Olrr.r de.otlinaliofl noles) is nol availablc*lh the l\danagemenl
 Indl.hrl!. Hourlry Flntttr unh.d oro!,

ltst . fonnlid tan ot i|a €oftaatldraad Fln.n6kl ttabn|.trlt ,or th| Frr aadail ttrch !t, 2017

grl Paad&a Yoit , ffglrai ha'ra b6on m{roup,6d f asdts&'i6d ${.!datriw lecdrarry to cono.pond 9d$ fio ounslt yoda dtadioadon I dLddur€t

For 8nd od behdll ot rh6 8o1d d olr6d0r!

i',+,c, .,,,t.*L!'4 \u;h}*,ri

\&,r,,-r,om er*,artr---------<-
,l.lt|o|o llm. tl|l(|or Vl{r l)rr'lrr|$r I ttrr!!$!r Daaadar coinp&y saar6lsy

itei, odhl. Apdl 2{, 2Cl7

 crNL65922DL2005PLC I 36029

Application No: Date: 12t' September2177

The Company Secretary/Compliance Officer

INDIABULLS HOUSING FINANCE LIMITED
F-60, Malhotra Building 2nd Floor, Connaught placg
NewDelhi - 110 001 Phone011-30476500; Fax011-41529071
Compliance OIIicer: MrAmit Jain; E-mail: aiain@indiabulls.com

Dear Sirs.

Having read and understood the contents ofthe Shelf Disclosure Document dated 13th
June 2017 as well as
the Term Sheet J-005 dated l2thseptember 2077, we apply for allotment of the Debentures to us. The
amount payable on application as shown below is remitted herewith. On allounen! please place our
name(s] on the Register of Debenture holder(s). We bind ourselves to the terms and conditions as
contained in the ShelfDisclosure Documentas well as the Term Sheet j-005.
(Please read carefully the instructions on the next page before filling this form)

(option 1: 2 Years-7 .37o/o p,a, fcoupon will step d own to 7 ,l2o/o [from deemed date of allotment to
put option date] in case put option is exercised) (payable Annuelty &At Maturity) -secured
Redeemable Non-Convertible Debentures)

No. of Debentures No, in Figures No. in Words

Applied
Option:
Total Amount (RsJ in
figures:
Total Amount (Rs) in
words:
Cheque/Demand Draft/RTGS Date Drawn on Bank
Details

s Name & Address in full use letters

Pin Code:
Telephone: lFax: Email:
Contact Person I Mobile No. Email

Sign:
Seal:
 crNL65922DL2005PLC136029

Details of Bank Account

Bank Name & Branch
Nature ofAccount
Account No.:
IFSC/NEFT Code

rositorv Details of
DP Name

DP ID Client ID
(*J We understand that in case of allotment of debentures to us/our Beneficiary Account as mentioned
above would be crediEd to the extent ofdebentures allotted.

PAN / GIR No. of the IT Circle/Ward/District ( ) Not Allotted

aDplicant

Tax Deduction Status t ) Fully ( I Tax to be deducted at Source I J Yes ( )No

Exempt

Sign

Seal

(Tear here)
ACKNOWLEDGEMENT SLIP

Application No: Date: 12t' Sentember 20t7

Received From

Rs. _/- - By cheque /Demand Draft / RTGS No drawn on

towards application for
Debentures. (Cheques /Demand Drafu are subiect to realization)

For all further correspondence please contacB INDIABULLS HOUSING FINANCE LIMITED
M-62 & 63,,1st Floor, lstFloor, Connaught Place,
NewDelhi - 110 001 Phone 011-30476500; Fax 0 L7-4152907 t
Compliance Officer: MrAmit f ain; E-mail: ajain@indiabulls.com
CINL65922DL2005PLC I 36029

INSTRUCTIONS
1. You must complete application in full in BLOCK LETTERS IN ENGLISH.
2. Your Signatures should be made in English or in any ofthe Indian languages,
3. Application forms duly completed in all respects, together with Cheques/Pay Order/Demand Draft,
must be lodged at the Indiabulls Housing Finance Limited's registered office.
4. In case ofpayments through RTGS, the payments maybe made as follows:

o Beneficiary : Indiabulls Housing Finance Limited

o Bank Details : Axis Bank Limited
o Branch Bank : Ground Floon GL-005, 006, 007, 008, Cross point,
DLF City Phase - IV, Gurgaon-122009, Haryana
. AccountNo. l9LIO2OO23A9O742
. IFSC Code No.:UTIB000O131

The transfer cheque(sJ should be drawn in favour of "lndiabulls Housing Finance Limited" and
payable at Mumbai.
6. Outstation cheques, cash, money orders, postal orders and stock invest will NOT be accepted.
As a matter of precaution against possible fraudulent encashment of interest warrants due to
loss/misplacement, you are requested to mention tlte full particulars of the bank account, as specified
in the application form.
8. Interest warrants will then be made out in favour ofthe bank for credit to your accounl In case the
full particulars are not given, cheques will be issued in the name of the applicant at their own risk
9. Indiabulls Housing Finance Limited in the "Acknowledgement Slip" appearing below the Application
Form will acknowledge receipt ofapplications, No separate receipt will be issued.
10. You should mention your Permanent Account Number or the GIR number allotted under Income-Tax
Act,1961and the Income-Tax Circle/Ward/District. In case where neitJrer the PAN nor GIR number
has been allotted, the fact of non-allotment should be mentioned in the application form in the space
provided.
7t. The application would be accepted as per the terms of the issue outlined in the Shelf Disclosure
Document and the Term SheetJ-005.
12. Documents to be provided by investors
. Investorc need to submit the following documentation, along with the application form, as
applicable:
o Memorandum and Articles ofAssociation/ Documents Governing Constitution;
. Resolutionautlorizinginvestment;
o Certified True Copy ofthe Power ofAttorney;
o Form 15 AA for investors seeking exemption from Tax deduction at source from interest on the
application money;
o Specimen signatures ofthe authorised signatories duly certified by an appropriate authority;
. SEBI Registration Certificate (for Mutual Funds];
. PAN to be submitted.