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sDkgL P]g, @)^# cGtu{t ;+:yflkt / ;~rflnt

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g]kfn ;/sf/, pBf]u ljefuaf6 O{hfhtkqk|fKt
;jf]{Qd l;d]G6 lnld6]8 Sarbottam Cement Limited
/lhi68{ sfof{no -skf]{/]6_ M sf=d=g=kf= j8f g+= #@ ltgs'g], ;'ljwfgu/, sf7df08f}, g]kfn
kmf]g g+=M )!–$!!!&)(÷$!!!($@ ˆofS; g+=M )!–$!!!%^&
Od]n M info@Sarbottamcement.com j]a;fO6 M www.sarbottamcement.com
sf] ljj/0fkq
lwtf]kq ;DaGwL P]g, @)^# sf] bkmf -#)_ tyf sDkgL P]g, @)^# sf] bkmf -@#_ / a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf -!$_ cGtu{t k|sflzt
sDkgLsf] cfˆgf] hf/L k"FhL ?=$,^%,)),)),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8 ?k}ofF dfq_ sf] !@=()## k|ltztn] x'g cfpg] ?=^)),))),))).– -cIf/]kL ;f7L s/f]8 dfq_ a/fa/sf] k|lt z]o/ c+lst
d"No ?=!)).– b/sf] ^,))),))) -;f7L nfv dfq_ lsQf z]o/sf] $) k|ltzt cyf{t @,$)),))) -rf}aL; nfv dfq_ lsQf z]o/ a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf !# adf]lhd a's ljlN8Ë ljlw
dfkm{t k|yd r/0fdf g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt tyf g]kfn :6s PS;r]~h ln=df btf{ -gljs/0f ;d]t_ ePsf of]Uo ;+:yfut nufgLstf{ sDkgLx?nfO{ af]nsaf]n k|0ffnL dfkm{t lgisfzg tyf
laqmL v'Nnf u/L afF8kmfF8 ul/Psf]df k|lt z]o/ ?=$)!.)) sf] b/df pQm @,$)),))) lsQf z]o/ ;Dk"0f{ laqmL eO{ s6 ckm d"No ?=$)!.)) lgwf{/0f ePsf]n] ;f]xL lgb{]lzsfsf] bkmf -!$_ df
;j{;fwf/0fnfO{ lwtf]kq hf/L ubf{ s6 ckm d'Nodf !) k|ltzt 5'6 lbO{ lgisfzg ug'{kg]{ Joj:yf pNn]v eP cg';f/ sfod x'g cfpg] k|lt z]o/ d"No ?=#^).() sf] b/df ;fj{hlgs lgisfzg ul/g]
#,^)),))) -5QL; nfv dfq_ lsQf ;fwf/0f z]o/dWo] @^&,))) lsQf ;fwf/0f z]o/ g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[lt k|fKt u/L j}b]lzs /f]huf/Ldf /x]sf g]kfnL gful/sx?sf nflu
afF8kmfF8 ul/Psf] / sDkgLsf] hf/L k"FhLsf] @ k|ltzt cyf{t (#),))) -gf} nfv tL; xhf/ dfq_ lsQf z]o/ pBf]u tyf vflg pTvgg\ k|efljt If]qsf :yfgLo afl;Gbfx?sf] nflu lgisfzg tyf laqmL
v'Nnf ul/Psf]df s"n @,$*,$&) lsQf z]o/sf nflu dfq l/tk"j{s cfj]bg k|fKt ePsfn] pQm z]o/x? dfu u/] adf]lhd afF8kmfF8 u/] kZrft\ afFsL /x]sf] z]o/ ^,*!,%#) lsQf ;d]t ;j{;fwf/0fdf
lgisfzg ul/g] z]o/ lsQfdf yk u/] kZrft\ % k|ltzt cyf{t !,%$,@@& lsQf ;fwf/0f z]o/ ;fd"lxs nufgL sf]ifx?nfO{ afF8kmfF8 ul/Psf] / % k|ltzt cyf{t !,%$,@@& lsQf ;fwf/0f z]o/ sDkgLsf
sDf{rf/Lx?sf nflu 5'6\ofO{ afFsL /x]sf @&,&^,)&^ lsQf z]o/x? lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] clwgdf /xL o;} ljj/0fkq dfkm{t ;j{;fwf/0fx?df ;fj{hlgs lgisfzg tyf laqmL
v'Nnf ul/Psf] .
g]6jy{ ;DaGwL ljj/0f :
jf:tljs k|If]lkt
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷*) @)*)÷*! @)*!÷*@ @)*@÷*#
k|lt z]o/ g]6jy{ -?=_ 245.22 160.13 171.74 185.36 207.22 204.33 199.82
k|lt z]o/ cfDbfgL -?=_ 39.28 32.35 11.55 5.28 17.82 22.11 25.49
hu]8f tyf sf]if -?= xhf/df_ 2,875,374 2,435,248 2,905,432 3,456,975 4,985,815 4,851,539 4,641,650
gf]6 M cf=j=@)&$÷)&% b]lv sDkgLn] g]kfn ljQLo k|ltj]bg dfg (NFRS) cg';f/ ljQLo k|ltj]bg k|:t't u/]sf] x'Fbf cfDbfgL, nfut vr{, x|f;s§L tyf k|zf;lgs vr{x? NFRS sf] dfkb08 cg';f/
n]vfÍg ul/Psf] 5 .
cf=j= @)&(÷)*) c;f/ d;fGtsf] n]vfkl/If0f ePsf] ljQLo ljj/0f lk|of+s P08 Pzf]l;o6\;, rf6{8{ PsfpG6]G6\;, sf7df08f}åf/f k|dfl0ft ul/Psf] xf] .
a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf -!#_ sf] pkbkmf -!_ adf]lhd af]nsaf]n k|0ffnL dfkm{t cfj]bg lbg] of]Uo ;+:yfut nufgLstf{x?nfO{ @$,)),)) -cIf/]kL rf}aL; nfv dfq_ lsQf z]o/ ldlt
@)*)÷)*÷!! ut] g]kfn :6s PS;r]~h ln=df afF8kmfF8 ubf{ s6 ckm d"No ?=$)!.)) lgwf{/0f ePsf] / ;f]xL lgb{]lzsfsf] bkmf -!$_ df ePsf] Joj:yf adf]lhd s6 ckm d'Nodf !) k|ltzt 5'6
lb+bf sfod x'g cfpg] k|lt z]o/ d"No ?=#^).() sf b/n] b/vf:t ;fy zt\k|ltzt e'QmfgL dfu ul/Psf] .
nfut ;DaGwL ljj/0f M
sDkgLsf] cf=j=@)&(÷)*) sf] n]vfkl/If0f ;DkGg ePsf] ljQLo ljj/0f cg';f/ lgdf{0f cjlwsf] Aofh ;lxt hDdf nfut ?=!@,@@),^&(,@)(.)) /x]sf] 5 .
nufgLdf x'g] hf]lvd ;DaGwL pb\3f]if0f M
lwtf]kqdf ul/g] nufgLdf hf]lvd x'g] ePsf]n] To:tf] hf]lvdsf] d"NofÍg ug]{ k|d'v bfloTj nufgLstf{ :jo+sf] x'g]5 / lwtf]kqsf] lgisfzg d"Non] ;"rLs/0f kZrft\ lwtf]kq ahf/df x'g] sf/f]jf/ d"No
hgfpg] x'Fbf o; ljj/0fkqsf] bkmf u -*_ k]h g+= @* df pNn]lvt hf]lvdx? ;d]t cWoog u/]/ dfq nufgL ;DaGwL lg0f{o lng ;'emfj ul/G5 .
lgodg lgsfosf] hjfkmb]xLtf g/xg] pb\3f]if0f M
o; ljj/0fkqdf pNn]lvt lwtf]kq ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] o; ljj/0fkqnfO{ lwtf]kq ;DaGwL P]g, @)^# adf]lhd g]kfn lwtf]kq af]8{n] :jLs[lt k|bfg u/]sf] 5 . o;/L af]8{n] :jLs[lt
k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Da4 cGo lgodgsf/L lgsfon] ljj/0fkqdf pNn]lvt s'/fsf] ;Totf jf lgisfzgstf{ jf sDkgLsf] cfly{s ;Ifdtf
jf lwtf]kqsf] d"Nosf] af/]df s'g} k|sf/sf] k|Tofe"lt u/]sf] jf lhDd]jf/L lnPsf] dflgg] 5}g .
lgisfzgstf{ sDkgLsf] /]l6Ë ;DaGwL ljj/0f M
o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# -t]>f] ;+zf]wg ;lxt_ df ePsf] Joj:yf adf]lhd qm]l86 /]l6Ë lgodfjnL,
@)^* sf] lgod # adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf g]kfn ln=, l8NnLahf/, sf7df08f}+af6 O:o'c/ /]l6Ë u/fO{ "[ICRANP-IR] BBB (Pronounced
ICRA NP Issuer Rating Triple B)" k|df0fkq k|fKt u/]sf] 5 . "[CRANP-IR] BBB" n] ;dodf g} ;'/lIft ?kn]] ljQLo bfloTj jxg ug{ dWod :t/sf] Ifdtf /x]sf] ;+:yf (Moderate
degree of safety regarding timely servicing of financial obligations) eGg] a'lemG5 . O{qmf g]kfn ln=n] ICRANP-IR AAA b]lv ICRANP-IR D ;Ddsf] /]l6Ë k|bfg ub{5 . h;df /]l6Ë
"ICRANP-IR AAA" n] Highest degree of Safety Regarding Timely Servicing of Financial Obligation hgfpF5 eGg] "ICRANP-IR D" n] Default or are Expected to be in default soon
eGg] hgfpF5 . O:o'c/ /]l6Ë k|bfg u/]sf] ldlt M @)*)÷)#÷)^ -tbg';f/ h'g @!, @)@#_ axfn /xg] cjlw M @)*!÷)#÷)^ -tbg';f/ h'g @), @)@$_
o; sDkgLsf ;+:yfks tyf ;+:yfks z]o/wgLx?sf Psf3/sf] ;b:o / ;~rfnsx?n] ;d]t o; ;fj{hlgs lgisfzgdf cfj]bg lbg kfpg] 5}gg\ .
o; ljj/0fkq dfkm{t pBf]u tyf vfgL pTvgg\ k|efljt If]qsf :yfgLo afl;Gbf, sDkgLdf sfo{/t sd{rf/Lx?sf nflu laqmL ljt/0f u/]sf] z]o/ ;j{;fwf/0fsf nflu lgisfzg u/]sf] z]o/ afF8kmfF8 ePsf] ldltn] #
-tLg_ jif{ k"/f geP;Dd c? s;}nfO{ laqmL ug{ jf x:tfGt/0f ug{ jf lwtf]aGws /fVg kfOg] 5}g .
;fd"lxs nufgL sf]if lgodfjnL, @)^& adf]lhd ;fd"lxs nufgL sf]ifn] vl/b u/]s f] lwtf]kq ;+ul7t ;+:yfn] ;j{;fwf/0fnfO{ ;fj{hlgs l gisfzg u/L afF8kmfF8 ePsf] ldltn] ^ -5_ dlxgf k'/f geP;Dd laqmL jf
x:tfGt/0f ug{ kfpg] 5}g .
g]kfn lwtf]kq af]8{af6 ljj/0fkq :jLs[t ePsf] ldlt M @)*)÷)(÷)# sDkgL /lhi6«f/sf] sfof{nodf ljj/0fkq btf{ ePsf] ldltM @)*)÷)(÷!!
lgisfzg v'Nnf x'g] ldlt M @)*)÷!!÷!#
lgisfzg aGb x'g] ldlt -l56f]df_ M @)*)÷!!÷!^ -a}+lsË ;do kZrft\_
lgisfzg aGb x'g] ldlt -l9nf]df_ M @)*)÷!!÷@& -a}+lsË ;do kZrft\_
lwtf]kq lgisfzg tyf laqmL k|aGws M ;x–lgisfzg tyf laqmL k|aGwsx? M
PgcfOPdla P; Soflk6n lnld6]8
nflhDkf6, sf7df08f}
Unf]an cfO{PdO{ Soflk6n lnld6]8, gS;fn, sf7df08f} kmf]g g+=M )!–$%@%@*) k|e' Soflk6n lnld6]8, sdnfbL, sf7df08f}
kmf]g g+=M)!–%(&)!#* Email: info@gicl.com.np, Email: info@nimbacecapital.com kmf]g g+=M )!– $!^(!)), %&)@))
Website:www.globalimecapital.com Website:www.nimbacecapital.com Email:info@prabhucapital.com
Website: www. prabhucapital.com
v=!= ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M
-s_ æljj/0fkqÆ eGgfn] ;+ul7t ;+:yfn] lwtf]kqsf] ;fj{hlgs lgisfzg ug'{ cl3 P]gsf] bkmf -#)_ adf]lhd k|sfzg ug'{kg]{ ljj/0fkq ;Demg' kb{5 .
-v_ ælwtf]kq lgisfzg tyf laqmL k|aGwsÆ eGgfn] Unf]an cfOPdO{ Soflk6n lnld6]8nfO{{ ;Demg' kb{5 .
-u_ ælwtf]kq ;x–lgisfzg tyf laqmL k|aGwsÆ eGgfn] PgcfOPdla P; Soflk6n lnld6]8 / k|e' Soflk6n lnld6]8nfO{{ ;Demg' kb{5 .
-3_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{{ ;Demg' kb{5 .
-ª_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{ / sDkgL /lhi6«f/sf] sfof{nonfO{ ;Demg' kb{5 .
-r_ æ;+ul7t ;+:yfÆ eGgfn] lwtf]kqsf] ;fj{hlgs lgisfzg ug{ ;Sg] u/L k|rlnt sfg"g adf]lhd :yfkgf ePsf] ;+ul7t ;+:yf ;Demg' kb{5 .
-5_ æsDkgLÆ eGgfn] lgisfzgstf{ sDkgL ;jf]{Qd l;d]G6 lnld6]8nfO{ ;Demg' kb{5 .
-h_ æsDkgLsf sd{rf/Lx?Æ eGgfn] ;jf]{Qd l;d]G6 lnld6]8sf kbflwsf/Lx? nufotsf sd{rf/Lx? ;Demg' kb{5 .
-em_ ælgisfzg a}+sÆ eGgfn] o; lgisfzgaf6 ;+sng x'g cfPsf] /sdnfO{ hDdf ug{sf] nflu tf]lsPsf] a}+snfO{ ;Demg' kb{5 .
-`_ æ;+:yfksÆ eGgfn] ;jf]{Qd l;d]G6 lnld6]8sf ;+:yfksnfO{ ;Demg' kb{5 .
-6_ æ;~rfnsÆ eGgfn] ;jf]{Qd l;d]G6 lnld6]8sf] ;~rfnsnfO{ ;Demg' kb{5 .
-7_ æsfo{sf/L k|d'vÆ eGgfn] ;jf]{Qd l;d]G6 lnld6]8sf] k|d'v sfo{sf/L clws[tnfO{ ;Demg' kb{5 .
-8_ æJoj:yfkgÆ eGgfn] ;jf]{Qd l;d]G6 lnld6]8sf] Joj:yfkgnfO{ ;Demg' kb{5 .
-9_ æa's ljlN8Ë ljlwÆ eGgfn] lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&$ sf] lgod @% -u_ tyf a's ljlN8Ë lgb]{lzsf, @)&& adf]lhd ;+ul7t
;+:yfn] lwtf]kqsf] k|fylds ;fj{hlgs lgisfzg ubf{ lwtf]kqsf] lgisfzg d"No lgwf{/0f ul/g] ljlw jf k|lqmofnfO{ hgfpF5 .
-0f_ æof]Uo ;+:yfut nufgLstf{Æ eGgfn] lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod @% -u_ sf] pklgod -%_ g]kfn lwtf]kq af]8{af6 :jLs[t
k|fKt ;+:yf ;Demg' kb{5 .
-t_ æs6 ckm d"NoÆ eGgfn] of]Uo ;+:yfut nufgLstf{x?nfO{ af]nsaf]n k|0ffnL dfkm{t lgisflzt ;Dk"0f{ lwtf]kq laqmL eO{ sfod ePsf] d"No ?= $)!.))
nfO{ hgfpF5 .
-y_ æljQLo ljj/0fÆ eGgfn] sDkgLsf] jf;nft, cfo–Joo ljj/0f, gub k|jfx ljj/0fnfO{ ;Demg' kb{5 .
-b_ æv'b ;DklQ -g]6jy{_Æ eGgfn] ;+ul7t ;+:yfsf] z]o/sf] r'Qmf k"FhL tyf hu]8f sf]ifx? -;DklQsf] k"gd"{NofÍgaf6 ;[lht sf]if afx]s_ sf] s'n hf]8df
;l~rt gf]S;fgLsf] s'n /sd / ckn]vg ug{ afFsL :yug / ljljw vr{x? tyf Voflt 36fO{ afFsL /xg hfg] /sd ;Demg' k5{ .
-w_ æk|lt z]o/ g]6jy{Æ eGgfn] sDkgLsf] jf;nftdf /x]sf] z]o/ k"FhL, z]o/ lk|ldod tyf hu]8f sf]if nufotsf s'g} klg k|sf/sf] ;l~rt sf]ifsf] s'n
hf]8nfO{ hDdf ;fwf/0f z]o/ ;+Vofn] efu ubf{ cfpg] efu kmnnfO{ hgfpFb5 .
-0f_ æk|lt z]o/ cfDbfgLÆ eGgfn] sDkgLsf] v'b gfkmfnfO{ hDDff sfod ;fwf/0f z]o/ ;+Vofn] efu ubf{ cfpg] efukmnnfO{ hgfpbF5 .
v=@ ljj/0fkq tyf b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M ljj/0fkq k|fKt ug{ ;Sg] :yfg
qm=;+= ljj/0fkq k|fKt ug{ ;lsg] :yfg j]a;fO6
!= lgisfzgstf{ sDkgL M ;jf]{Qd l;d]G6 ln=, ;'ljwfgu/, tLgs'g], sf7df08f} . www.sarbottamcement.com
@= lgisfzg tyf laqmL k|aGws M Unf]an cfOPdO{ Soflk6n ln=,gS;fn, sf7df08f} . www.globalimecapital.com
#= ;x–lgisfzg tyf laqmL k|aGws M PgcfOPdla P; Soflk6n ln=, nflhDkf6, sf7df08f} . www.nimbacecapital.com
$= ;x–lgisfzg tyf laqmL k|aGws M k|e' Soflk6n ln=, sdnfbL, sf7df08f} . www.prabhucapital.com
%= ljj/0fkq :jLs[t ug]{ lgsfo M g]kfn lwtf]kq af]8{, v'dn6f/, nlntk'/ . www.sebon.gov.np

b/vf:t kmf/fd k|fKt ug]{ / a'emfpg] :yfg M


g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf ;Dk"0f{ cf:af (ASBA) ;b:o a}+s tyf ljQLo ;+:yfx? / ltgsf tf]lsPsf zfvf sfof{nox? tyf
l;l8P; P08 lSnol/Ë ln= åf/f ;~rflnt ;ˆ6j]o/ æd]/f] z]o/Æ cgnfOg k|of]u u/L l;–cf:af (C-ASBA) k|0ffnL dfk{mt cfj]bg lbg ;lsg]5 .
u=!=lwtf]kq lgisfzg tyf laqmL k|aGwssf] pb\3f]if0f M
xfdLnfO{ lgisfzgstf{ sDkgL ;jf]{Qd l;d]G6 lnld6]8 tyf o;sf ;+:yfks÷;~rfnsx?n] pknAw u/fPsf] ljj/0f tyf
hfgsf/Lx?sf] cfwf/df o; sDkgLsf] Joj:yfksLo, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 xfdL ;Gt'i6
x'g'sf] ;fy} ljj/0fkqdf n]lvPsf cfly{s ljj/0fx? / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsf]n] nufgLstf{x?nfO{
nufgL ;DaGwL lg0f{o lng d2t k'Ug] s'/f k|lt ljZj:t eO{ xfdLn] of] ljj/0fkq :jLs[ltsf nflu g]kfn lwtf]kq af]8{df
ælwtf]kq ;DaGwL P]g, @)^#Æ tyf ælwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&#Æ cg'?ksf] of]Uotf k'u]sf] k|lta4tfkq
(Due Diligence Certificate) k|:t't u/]sf 5f}+ .

u=@=;+ul7t ;+:yfsf] pb\3f]if0f M


-s_ ;~rfnssf] lhDd]jf/L tyf hjfkmb]xLtf ;DaGwL pb\3f]if0f M
of] ljj/0fkq xfdLn] k'g/fjnf]sg u/L cg'df]bg u/]sf] x'gfn] o; ljj/0fkqdf pNn]v ul/Psf ljj/0f tyf hfgsf/Lsf ;fy}
lgisfzg tyf laqmL k|aGwsnfO{ lbPsf] ljQLo ljj/0f, cGo ljj/0f, hfgsf/L tyf sfuhftx?sf] ;Totf / z'4tfk|lt /
lwtf]kq btf{ tyf lgisfzg cg'dlt k|of]hgsf nflu g]kfn lwtf]kq af]8{df k]z ul/Psf] ljj/0fkq / ;f] ;Fu ;DalGwt cGo
ljj/0f tyf hfgsf/Lsf] z'4tf tyf ;Totf k|lt o; ljj/0fkqdf x:tfIf/ ug]{ xfdL ;~rfnsx? JolQmut jf ;fd"lxs
?kdf hjfkmb]xLtf axg ub{5f}+ / lwtf]kq lgisfzgsf nflu tf]lsPsf zt{ tyf cfjZostfx?sf] ;DaGwdf cfjZos
hfgsf/L lnO{ xfdL of] pb\3f]if0f ub{5f}+ ls tf]lsPsf zt{ tyf cfjZostfx? ;a} kfngf u/]sf 5f}+ / nufgLstf{x?nfO{
nufgL ;DaGwL plrt lg0f{o lng cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx? n'sfPsf 5}gf}+ .

-v_ ;+ul7t ;+:yfsf] hjfkmb]lxtf ;DaGwL pb\3f]if0f M


o; ;jf]{Qd l;d]G6 lnld6]8n] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf pNn]v ePsf
ljj/0f afx]s ;+ul7t ;+:yfsf] af/]df k|sflzt cGo s'g} ;"rgf jf hfgsf/Lsf] hjfkmb]lxtf ;+ul7t ;+:yfdf g/xg] /
To:tf] ;"rgf, hfgsf/L jf ljj/0fsf] cfwf/df nufgL u/]df ;f] sf] hf]lvd nufgLstf{ :jo+n] axg ug'{kg]{5 .

-u_ lgodg lgsfosf] lgodg Joj:yfsf] kfngf ;DaGwL pb\3f]if0f M


k|rlnt sfg"g cg';f/ cfˆgf] pBf]u÷Joj;fo÷;]jf;Fu ;DalGwt lgodg lgsfo -h:t} sDkgL /lhi6«f/sf] sfof{no cflb_
sf] ;fj{hlgs lgisfzg tyf cGo lgodg Joj:yf tyf lgb{]zgx?sf] kfngf u/]sf] s'/fsf] pb\3f]if0f ub{5f}+ . ;fy}
;fj{hlgs lgisfzg k|of]hgsf] nflu tof/ ul/Psf] ljj/0fkq / ;f] df pNn]lvt ;Demf}tf jf cGo ljj/0fx? g]kfn lwtf]kq
af]8{, sDkgL /lhi6«f/sf] sfof{nodf k]z u/]sf 5f}+ . ;fy} sDkgL /lhi6«f/sf] sfof{nodf cf=j= @)&*÷)&( ;Ddsf]
ljj/0fx? k]z u/L pQm sfof{nosf] kq ;+VofM &(÷*), rnfgL g+= %&$!@ ldlt @)&(÷!)÷@^ ut]sf] kq cg';f/
cf=j=@)&*÷)&( ;Ddsf] nflu sDkgL cBfjlws /x]sf] 5 .

-3_ ;+:yfks, ;~rfns tyf sfo{sf/L k|d'v ;DaGwL pb\3f]if0f M


-!_ o; ;+ul7t ;+:yfsf] ;+:yfks, ;~rfns jf sfo{sf/L k|d'v shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf /x]sf 5}gg\ .
-@_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v sfnf] ;"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;~rfns jf sfo{sf/L
k|d'v /x]sf 5}gg\ .
-#_ ;fj{hlgs lgisfzg dfkm{t ;j{;fwf/0faf6 k"FhL ;+sng u/L a]kQf ePsf jf ;~rfngdf g/x]sf jf
nufgLstf{x?sf] lxt ljk/Lt x'g] sfo{ u/]sf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns
jf sfo{sf/L k|d'v 5}gg\ .
-$_ lwtf]kq ;DaGwL sfg"g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Joj;foLsf] cg'dltkq vf/]h ePsf]
bz jif{ k"/f gePsf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v
5}gg\ .
-%_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v lwtf]kq ;DaGwL P]g, @)^# sf] bkmf !)* adf]lhd ;~rfns jf
sfo{sf/L k|d'v cof]Uo /x]sf 5}gg\ .

2
u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M
u=#= s= ;+ul7t ;+:yfsf] k[i7e"ld M
-s_ ;+:yfsf] gfd M ;jf]{Qd l;d]G6 lnld6]8 (Sarbottam Cement Limited)
-v_ ;+:yf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt .
-u_ ;+:yfsf] /lhi68{ 7]ufgf M o; sDkgLsf] /lhi68{ sfof{no -skf]{/]6 sfof{no_ sf7df08f} lhNnf, sf7df08f}
dxfgu/kflnsf j8f g+= #@, ltgs'g], ;'ljwfgu/df /x]sf] 5 . cfjZostf cg';f/ :jLs[lt lnO{ sDkgLsf] /lhi68{
sfof{no :yfgfGt/0f ug{ / g]kfn leq jf ljb]zdf ;d]t zfvf sfof{no vf]Ng ;lsg] 5 .
-3_ sf/f]af/ ug]{ d'Vo :yfg M o; sDkgLsf] sf/f]af/ ug]{ d'Vo :yfg sDkgLsf] /lhi68{ -skf]{/]6_ sfof{no sf7df08f}
lhNnf, sf7df08f}+ dxfgu/kflnsf j8f g+= #@, ltgs'g], ;'ljwfgu/df /x]sf] 5 . o; sDkgLsf] pBf]u gjnk/f;L
lhNnf, ;'gjn g=kf= j8f g+= !!, hf]8]gL / r'g9'Ëf vfgL pTvgg\ ;DaGwL pBf]u kfNkf lhNnfsf] ltgfp uf=kf=
j8f g+= ! -;fljs srn uf=lj=;=sf] j8f g++= #_ / lg:bL ufpFkflnsf j8f g+= & -;fljs Hofld/] uf=lj=;=_ Pj+
u'NdL÷kfNkf lhNnfsf] ;fljs bf}wf÷l;4]Zj/ uf=lj=;= ;'g fkfgLdf /x]sf] 5 .
-ª_ ;+ul7t ;+:yfsf] :yfkgfsfn b]lv xfn;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf] d'Vo p2]Zox? M
sDkgLsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; b]xfo adf]lhd /x]sf] 5 M
-!_ o; sDkgL z'?df ldlt @)^&÷)^÷@) ut] k|f=ln=sf] ?kdf sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf]df ldlt
@)&^÷)$÷#) ut] g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nosf] kqfg';f/ ldlt @)&^÷)$÷@( ut]b]lv k|f=ln=
af6 klAns lnld6]8df kl/0ft eO{ ;jf]{Qd l;d]G6 lnld6]8 -ln=g+=@@!$*#_ df clen]v eO{ sf/f]af/ ;~rfng
ub{} cfPsf] 5 .
-@_ l;d]G6 pTkfbg ug]{ p2]Zo pNn]v eO{ 7"nf pBf]usf] ?kdf o; sDkgLn]] ldlt @)^*÷)*÷@* ut] pBf]u
ljefuaf6 pBf]u btf{ k|df0fkq -pBf]u btf{ g+= !$!(÷!!(÷)^*÷^(_ k|fKt u/]sf] 5 . o; sDkgLsf] Kofg
/lhi6«]zg g+= #)$%^((#& /x]sf] 5 .
-#_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+= ! cGtu{t l/ªl;ª ;fd'bflos jgsf]] $=*(^ x]S6/ jg If]q
r'g9'Ëf pTvggsf nflu pkof]u ug{ g]kfn ;/sf/, dlGqkl/ifbsf] lg0f{oaf6 ldlt @)&!÷)&÷!) ut] cg'dlt
k|fKt u/]sf] tyf ef]uflwsf/ cg'dlt k|fKt u/]sf] ldltaf6 @& jif{;Dd cg'dlt axfn /x]sf] 5 .
-$_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+= ! df !!=($ ju{ ls=ld= If]q vfgL tyf e'u e{ ljefuaf6
ldlt @)^(÷)%÷)^ ut]b]lv ldlt @)((÷)%÷)% ut];Dd #) jif{sf] nflu ldlt @)^(÷)%÷)^ df r'g9'Ëf
vfgL pTvgg\ sfo{sf] nflu cg'dlt kq -g+=!!÷)^(÷)&)_ k|fKt u/]sf] 5 .
-%_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+= ! df /x]sf] $=%@ ju{ ls=ld= If]q vfgL tyf e'ue{ ljefusf]
-g=(%÷)^*÷)^(_ ldlt @)^*÷!)÷)^ ut]sf] kqaf6 cg'dlt k|fKt u/]sf] / ;f] If]qdf /x]sf] vfgLaf6 r'g9'Ëf
pTvgg of]hgf -dfOlgª l:sd_ sf] nflu pBf]u, jfl0fHo tyf cfk"lt{ dGqfno, vfgL tyf e"ue{ ljefusf] kq
;+Vof @)&&÷&*÷!)@@, rnfgL g+= !#&! ldlt @)&&÷)(÷)^ ut]sf] kqaf6 :jLs[lt k|fKt u/] kZrft\ k|f/lDes
jftfj/0fLo kl/If0f ;DkGg eO{ cg'dlt -cg'dlt kq g+=!)!÷)&*÷&(_ k|fKt ul/;s]sf] 5 . To;}u/L vfgL tyf
e"ue{ ljefusf] kq;+Vof @)&*÷&(÷@#!& rnfgL g+= $^$* ldlt @)&(÷)!÷@% ut]sf] kqaf6 r'g9'Ëf vfgL
pTvggsf] nflu % x]S6/ hldg jg If]qdf kg]{ ePsf]n] ;f] sf] ef]uflwsf/sf] nflu pBf]u, jfl0fHo tyf cfk"lt{
dGqfnodf l;kmf/L;sf nflu n]lv k7fPsf] / xfn;Dd klg :jLs[ltsf] k|lqmofdf /lx/x]sf] 5 .
-^_ sDkgLn] vfgL tyf e"u{e ljefuaf6 u'NdL÷kfNkf lhNnfsf] ;fljs bf}wf÷l;4]Zj/ uf=lj=;=;'gkfgL cGtu{t ( ju{
ls=dL= If]qkmndf r'g9'Ëf pTvgg sfo{sf] nflu cg'dlt kq g+= $÷)&#÷&$ af6 ldlt @)&#÷!!÷)$ df @)
jif{sf] nflu cg'dlt k|fKt u/]sf] 5 . To;}u/L vfgL tyf e'ue{ ljefusf] kq ;+VofM )&^÷&&÷&$# rnfgL
g+=!)!! ldlt @)&^÷)*÷!! ut]sf] kq dfkm{t kfNkf lhNnfsf] lg:bL ufpFkflnsf cGtu{t %=(@% ju{ ls=dL=
If]qkmndf ldlt @)&^÷)&÷)* ut]b]lv #) jif{ ;Ddsf nflu 7"nf:t/sf] r'g9'Ëf pTvgg sfo{sf nflu cg'dlt
k|fKt u/]sf] 5 . ;fy} wflbË lhNnf a]lg3f6 /f]/fª ufpFkflnsf l:yt sfGb|fËu9Ldf r'g9'Ëf pTvgg\ sfo{sf nflu
sDkgL / vfgL tyf e'ue{ ljefu aLr ldlt @)&* ;fn k'if !$ ut] aLr ;Demf}tf ePsf] 5 .
-&_ sDkgLn] pBf]u ljefusf] ldlt @)&#÷)&÷!) ut]sf] kqaf6 ldlt @)&!÷!!÷)! ut]b]lv nfu' x'g] u/L
Joj;flos pTkfbg u/]sf] kq k|fKt u/]sf] 5 .
-*_ kfNkf lhNnf, ltgfp ufpFkflnsf j8f g+ ! -;fljs srn uf=lj=;= j8f g+= #_ sf] r'g9'Ëf pTvggsf] Ifdtf
j[l4sf] nflu tof/ ul/Psf] ;+zf]wg ;lxtsf] k|f/lDes jftfj/0fLo kl/If0f k|ltj]bg (IEE), pBf]u, jfl0fHo tyf
cfk"lt{ dGqfno, vfgL tyf e"ue{ ljefuaf6 ldlt @)&^÷)#÷!@ ut] :jLs[t k|fKt u/]sf] 5 .
-(_ ;xfos sDkgLx? ;jf]{Qd xf]lN8Ë; k|f=ln= / ;jf]{Qd OGe]i6d]G6 k|f=ln= df o; sDkgLsf] ztk|ltzt z]o/
:jfldTj /x]sf] 5 . To;}u/L ;jf]{Qd xf]lN8Ë; k|f=ln=sf] ;xfos sDkgLx? l;4]Zj/ ldg]/N; k|f=ln= / Hofld/]
ldg]/N; k|f= ln= df ;jf]{Qd xf]lN8Ë; k|f=ln=sf] ztk|ltzt z]o/ :jfldTj /x]sf] 5 .
3
sDkgLsf] ljQLo kl/;"rs M
sDkgLsf] g]6 lk|h]G6 Eofn' {Net Present Value (NPV)}, OG6g{n /]6 ckm l/6{g {Internal Rate of Return (IRR)}, Pay
Back Period / Discounted Pay Back Period sf] u0fgfsf] ;+lIfKt ljj/0f tyf cfwf/ b]xfo cg';f/ /x]sf] 5 M
ljj/0f cfof]hgfsf] nufgL /sd -?=_
cf=j=@)&(÷*) sf] z'?sf] nfut (12,795,460,263)
cfof]hgfsf] x|f;s§L -cf=j=@)&(÷)*) ;Dd_ 4,591,885,178
hu]8f -cf=j=@)&(÷)*) ;Dd_ 3,450,026,555
hDdf (4,753,548,530)

x|f;s§L÷ l8:sfplG6Ë l8:sfplG6Ë


jif{ cfos/ kZrft\sf] kl/zf]wg ljQLo vr{ v'b gub k|jfx ;fwf/0f gub ˆofS6/ l8:sfpG6]8 ;l~rt gub
d'gfkmf k|jfx -(Ü_ gub k|jfx k|jfx (Ü sf
b/n]
- (4,753,548,530) (4,753,548,530) 1.00 (4,753,548,530) (4,753,548,530)
1 207,573,487 251,189,515 409,098,301 867,861,304 (3,885,687,226) 0.92 796,203,031 (3,957,345,499)
2 828,428,217 331,591,230 188,517,726 1,348,537,173 (2,537,150,053) 0.84 1,135,036,759 (2,822,308,740)
3 1,028,224,110 324,387,921 70,299,909 1,422,911,941 (1,114,238,112) 0.77 1,098,749,094 (1,723,559,646)
4 1,185,110,745 307,946,725 70,094,703 1,563,152,173 448,914,060 0.71 1,107,376,408 (616,183,238)
5 1,185,110,745 307,946,725 70,094,703 1,563,152,173 2,012,066,233 0.65 1,015,941,659 399,758,421
6 1,185,110,745 307,946,725 70,094,703 1,563,152,173 3,575,218,406 0.60 932,056,568 1,331,814,988
7 1,185,110,745 307,946,725 70,094,703 1,563,152,173 5,138,370,578 0.55 855,097,768 2,186,912,756
8 1,185,110,745 307,946,725 70,094,703 1,563,152,173 6,701,522,751 0.50 784,493,365 2,971,406,122
9 1,185,110,745 307,946,725 70,094,703 1,563,152,173 8,264,674,924 0.46 719,718,684 3,691,124,806
10 1,185,110,745 307,946,725 70,094,703 1,563,152,173 9,827,827,096 0.42 660,292,371 4,351,417,176
11 1,185,110,745 307,946,725 70,094,703 1,563,152,173 11,390,979,269 0.39 605,772,817 4,957,189,993
12 1,185,110,745 307,946,725 70,094,703 1,563,152,173 12,954,131,442 0.36 555,754,878 5,512,944,871
13 1,185,110,745 307,946,725 70,094,703 1,563,152,173 14,517,283,614 0.33 509,866,861 6,022,811,732
14 1,185,110,745 307,946,725 70,094,703 1,563,152,173 16,080,435,787 0.30 467,767,762 6,490,579,494
15 1,185,110,745 307,946,725 70,094,703 1,563,152,173 17,643,587,960 0.27 429,144,736 6,919,724,230
16 1,185,110,745 307,946,725 70,094,703 1,563,152,173 19,206,740,132 0.25 393,710,767 7,313,434,996
17 1,185,110,745 307,946,725 70,094,703 1,563,152,173 20,769,892,305 0.23 361,202,538 7,674,637,535
18 1,185,110,745 307,946,725 70,094,703 1,563,152,173 22,333,044,478 0.21 331,378,476 8,006,016,010
19 1,185,110,745 307,946,725 70,094,703 1,563,152,173 23,896,196,650 0.19 304,016,950 8,310,032,960
20 1,185,110,745 307,946,725 70,094,703 1,563,152,173 25,459,348,823 0.18 278,914,633 8,588,947,593

(Ü -g]kfn /fi6« a}+saf6 hf/L ePsf] Citizen Saving Bond, 2082 sf]
l8:sfpG6 /]6 (Discount Rate):
s'kg /]6 (Ü nfO{ l8:sfpG6 /]6sf] cfwf/ lnOPsf] 5 ._
g]6 lk|h]G6 Eofn' (Net Present Value) : ?= @%,$%(,#$*,*@#
OG6g{n /]6 ckm l/6{g (Internal Rate of Return) : @*=@^Ü
;fwf/0f nufgL lkmtf{ x'g] cjlw # jif{ ( dlxgf
l8:sfpG6df nufgL lkmtf{ x'g] cjlw $ jif{ & dlxgf
-!)_ sDkgLn] pBf]u ljefuaf6 k"FhL tyf Ifdtf j[l4 ;DaGwdf ldlt @)&&÷)#÷@# ut] k"FhL tyf Ifdtf j[l4 ug]{
cg'dlt k|fKt u/]sf] 5 . ;+zf]lwt Ifdtf cg';f/ sDkgLsf] pTkfbg Ifdtf #,))) l6lkl8 tyf ljB't zlQm
!*,))) s]=eL=P= /x]sf] 5 .
-!!_ sDkgLsf] Ifdtf clej[l4 ;DaGwL ;+zf]lwt jftfj/0fLo kl/If0f k|ltj]bg ldlt @)&&÷)#÷@@ ut]sf] lg0f{ofg';f/
pBf]u ljefuaf6 :jLs[lt k|fKt u/]sf] 5 .
-!@_ pBf]usf] ;+lIfKt k|fljlws ljj/0fx? lgDgfg';f/ /x]sf] 5 M
pBf]u /x]sf] :yn M gjnk/f;L lhNnf, ;'gjn gu/kflnsf j8f g+= !!, hf]8]gL .
pBf]usf] lsl;d M pTkfbgd"ns
pTkfbg z'? ePsf] ldlt M lj=;+=@)&!÷!!÷)!
pBf]usf] s"n nfut M ?= !@,@@,)^,&(,@)(÷–
-cf=j=@)&(÷)*) cfiff9 d;fGtsf] n]vfkl/lIft ljQLo ljj/0f_
pBf]u pTkfbg cg'dlt k|fKt ldlt M lj=;+= @)^*÷)*÷@*
pBf]usf] pTkfbg Ifdtf M k|lt lbg #,))) 6g lSn+s/ / #,))) 6g l;d]G6 -k|lt af]/f %)
s]=hL=sf] b/n] ^) xhf/ af]/f_ .
pBf]un] k|of]udf NofPsf] k|ljlw M VRM Technology (Denmark)

4
sDkgLsf] k|aGwkqsf] bkmf $ cg';f/ sDkgLsf] d'Vo p2]Zox? b]xfo adf]lhd /x]sf 5g\ M
s_ ;a} lsl;dsf u'0f:t/Lo l;d]G6 pTkfbg u/L :jb]z tyf ljb]zdf ;d]t laqmL ljt/0f ug]{ u/fpg] .
v_ l;d]G6 tyf l;d]G6 pBf]unfO{ rflxg] sRrf kbfy{ ;DaGwL vfgLsf] cWoog cGj]if0f, cg';Gwfg, pTvgg\ sfo{ ug]{
u/fpg] .
u_ pk/f]Qm p2]Zo adf]lhdsf ;a} lsl;dsf k/fdz{ ;]jf k|bfg ug'{sf ;fy} l;d]G6 pBf]unfO{ cfjZos sRrf
kbfy{x? h:t}M lSn+s/, lhK;d, r'g9'Ëf, /ftf]df6f], kmnfd]wfp, aS;fO6 cflb :jo+ pTkfbg u/L jf ljb]zaf6
cfoft u/L laqmL ljt/0f ;d]t ug]{ u/fpg] .
3_ pk/f]Qm pTkflbt j:t'x?sf] laqmL ljt/0f ug]{, ;]N; l8kf] vf]Ng], Ph]G6, l8li6«Ao'6/, l8n/l;k lgo'lQm ug]{] .
ª_ r'g tyf r'g ;DaGwL ;a} lsl;dsf ;fdfgx? pTkfbg tyf laqmL ljt/0f ug]{ u/fpg]]{ .
r_ ;a} lsl;dsf l;d]G6 An]l08Ë tyf laqmL ljt/0f ug]{ u/fpg] .
5_ o; pBf]u ;DaGwL ;Dk"0f{ lsl;dsf KoflsË d]6]l/onx? pTkfbg tyf laqmL ljt/0f ug]{ u/fpg] .
h_ ;DalGwt lgsfoaf6 :jLs[lt lng'kg]{df ;f] lnO{ pk/f]Qm pBf]unfO{ ;a} lsl;dsf] vfgLaf6 rflxg] sRrf kbfy{
lgsfNg], :jo+ k|of]u ug]{ tyf laqmL ljt/0f ug]{ .
em_ ;dfg p2]Zo ePsf cGo sDkgLnfO{ lnhdf lnO{ ;~rfng ug]{ .
~f_ cGo sDkgLdf nufgL ug]{ .
6_ /]l8ldS; s+lqm6 pTkfbg tyf laqmL ljt/0f ug]{ .
7_ g]kfnleq vlgh sfo{ ug]{ u/fpg] .
8_ k|rlnt sfg"gsf] clwgdf /xL wft', cwft' vlgh j:t'x?sf] ;DefJotf cWoog u/L vfgL kQf nufO{ vfgL
pTvgg\ ug]{ Ohfht k|fKt u/L, pBf]u :yfkgf u/L vlgh hGo j:t'x? pTkfbg ug]{ tyf cfjZos k|zf]wg ug]{
tyf laqmL ljt/0f ug]{ u/fpg] .
9_ g]kfn ;/sf/ tyf ;DalGwt lgsfosf] :jLs[lt lnO{ ;/sf/L, cw{ ;/sf/L tyf gLlh :t/af6 cfXjfg ul/g]
l;d]G6 cfk"lt{ ;DaGwL 7]Ssfk§f, af]nsaf]ndf ;xefuL eO{ k|rlnt P]g sfg"gsf] clwgdf /xL lgdf{0f tyf dd{t
;DaGwL 7]Ssf k§fsf] sfo{ ug]{ u/fpg] .
0f_ sDkgLnfO{ cfjZos kg]{ lgdf{0f ;fdfu|Lx? O{§f, 9'Ëf, /f]8f, l;d]G6, afn'jf, 6fon, dfj{n, l:6n jfo/, lu|n, z6/,
‰ofn, rf}sf]z, h:tfkftf, kmnfd] 808L, /+u/f]ugsf ;fdfu|Lx?, d]lzg, cf}hf/, pks/0fx?, oGqx?, P]gf, l;;f jf
h8fg ug]{, dd{t ;+Def/ ug]{ tyf laqmL ljt/0f ug]{ tyf u/fpg] .
;+ul7t ;+:yfn] cfˆgf] p2]Zo cg'?ksf] sfd sf/jfxL cufl8 a9fpg] ;Gbe{df xfn;Dd eP÷u/]sf ;Demf}tfx?sf]
;Demf}tf ldlt, ;Demf}tf ug]{ lgsfo÷;+:yf, ;Demf}tfsf] ;+lIfKt ljifo j:t' tyf ;Demf}tf axfn /xg] cjlw v'Ng]]
ljj/0f M
;D´f}tf axfn
qm=;+= ;D´f}tf ldlt ;D´f}tf ug]{ lgsfo÷;+:yf ;D´f}tfsf] ljifoj:t'
/xg] cjlw
sRrf kbfy{ e08f/0f / wd{sfF6f sIf Pj+
ljB't ;a:6]zg sIf nufot lgdf{0fsf]
!= @)&#÷!@÷@% g]kfn ;/sf/, jg ljefu nflu gjnk/f;L lhNnf /fdgu/ #) jif{;Dd
uf=lj=;=j8f g+= % sf] hf]8]gLdf /x]sf] &
la3f ( sÝf hldg ef]uflwsf/ .
;Demf}tf cg'?k
@)&^÷)!÷)@ M/S FLSMIDTH A/S, Denmark
gofF u|flG8Ë KnfG6sf] :yfkgf sf nflu
@= sfd sf/jfxL
cfk"lt{ ;Demf}tf e}/x]sf] .
Supply Machinery & Equipment for 200
#= @)&^÷)!÷!@ FLSMIDTH A/S
tpd opc
xfn sfod /x]sf]
$= 2078/04/01 klZrdf~rn P8e6f{OlhË, a'6jn e}/xjf If]qdf xf]l8{ª\af]8{sf nflu ;Demf}}tf xfn sfod /x]sf]
%= @)&*÷)$÷)% lgDan OGkmf]l;; k|f=ln= HRM h8fgsf] ;Demf}tf lg/Gt/ sfod
/xg] .
2079/04/01
a|f08 k|f]df];g / P8e6f{OlhË ;DaGwL
^= tk:of lqmPzg k|f=ln=, cgfdgu/ xfn sfod /x]sf]
;Demf}tf
l;Gw'nLsf] v'sf]{6 / ;]NkmL 8fF8fdf
&= 2078/04/01 cfp68f]/ df6{, yfkfynL sDkgLsf] pTkfbgsf] xf]l8{ªaf]8{ /fvL xfn sfod /x]sf]
k|rf/–k|;f/ ug]{ ;DaGwL .
wflbË lhNnfsf] /f]/fË uf=kf= l:yt
k|To]s cf=j=df
*= @)&*÷)(÷!$ vfgL tyf e'ue{ ljefu sfGb|fªu9L If]qdf r'g9'Ëf e08f/0fsf]
gljs/0f x'g] .
pTvgg\ sfo{ .
5
2079/04/01
Billboard Advertising at Birjung @)*! cfiff9 #)
(= o'lge;{n P8e6f{O{lhË k|f=ln= Buspark and Bhairawaha Airport ;Dd sfod /x]sf]
;Demf}tf ePsf]
!)= @)&(÷)#÷!& g]kfn ljB't k|flws/0f lu|8 sg]Szg ;Demf}tfkq ldltb]lv Ps
jif{;Dd
!!= @)&(÷)$÷)^ k|fO{d sdlz{on a}+s ln= ;xljQLos/0f ;Demf}tf xfn sfod /x]sf]

;+ul7t ;+:yfn] ljleGg lgodg lgsfoaf6 xfn;Dd k|fKt u/]sf] :jLs[l t÷cg'dlt÷Ohfht, :jLs[lt÷cg'dlt÷Ohfhtsf]
;+lIfKt ljifo j:t', O{hfht k|fKt ldlt tyf ;f] axfn /xg] cjlw ljj/0f M
:jLs[lt÷cg'dlt÷Ohfht kq k|bfg :jLs[lt÷cg'dlt÷Ohfhtsf] ;+lIfKt O{hfht k|fKt axfn /xg]
qm=;+=
ug]{ lgsfo÷;+:yf ljifo j:t' ldlt -lj=;+=_ cjlw
!= sDkgL /lhi6«f/sf] sfof{no k|f=ln=sf] ?kdf sDkgL btf{ @)^&÷)^÷@) –
@= cfGtl/s /fhZj sfof{no :yfoL n]vf g+=btf{ @)^&÷)*÷)% –
#= pBf]u ljefu pBf]u ;~rfng @)^*÷)*÷@*
vfgLsf] r'g9'Ëf pTvgg\ sfo{ -kfNkf
$= vfgL tyf e'ue{ ljefu @)^*÷!)÷)^ –
lhNnfsf] ltgfp uf=kf=j8f g+=! df_
r'g9'Ëf pTvgg\ sfo{ -kfNkf lhNnfsf]
%= vfgL tyf e'ue{ ljefu ;fljs srn uf=lj=;=df_ @)^(÷)%÷)^ #) jif{
r'g9'Ëf pTvgg\sf nflu jg If]q
ef]uflwsf/ -kfNkf lhNnfsf] ltgfp
^= jg tyf e"–;+/If0f dGqfno @)&!÷)&÷!) @& jif{
uf=kf= j8f g+= ! cGtu{t l/ªl;ª
;fd'bflos jg_
l;d]G6df SHREE SHAKTI -zAb_ n]Vg]
pBf]u ljefu @)&@÷)*÷)( @)*^÷)*÷)*
&= k|of]hgsf nflu 6]«8dfs{ btf{
l;d]G6df SAURABH -zAb_ n]Vg] @)&@÷)*÷)( @)*^÷)*÷)*
*= pBf]u ljefu k|of]hgsf nflu 6]«8dfs{ btf{
l;d]G6df N.CEM -zAb_ n]Vg] @)&@÷)*÷)( @)*^÷)*÷)*
(= pBf]u ljefu
k|of]hgsf nflu 6]«8dfs{ btf{
l;d]G6df GREEN SARBOTTAM @)&@÷)*÷)( @)*^÷)*÷)*
!)= pBf]u ljefu CEMENT -zAb_ n]Vg] k|of]hgsf nflu
6]«8dfs{ btf{
l;d]G6df WESTERN CEMENT -zAb_ @)&@÷)*÷)( @)*^÷)*÷)*
!!= pBf]u ljefu
n]Vg] k|of]hgsf nflu 6]«8dfs{ btf{
l;d]G6df VRM CEMENT -zAb_ n]Vg] @)&@÷)*÷)( @)*^÷)*÷)*
!@= pBf]u ljefu
k|of]hgsf nflu 6]«8dfs{ btf{
l;d]G6df GREEN VRM -zAb_ n]Vg] @)&@÷)*÷)( @)*^÷)*÷)*
!#= pBf]u ljefu
k|of]hgsf nflu 6]«8dfs{ btf{
!$= 7'nf s/bftf sfof{no sDk'6/ lahs k|df0fkq @)&#÷)(÷)& –
!%= vfgL tyf e'ue{ ljefu r'g9'Ëf pTvgg @)&#÷!!÷)$ @) jif{
!^= eG;f/ ljefu Exime Code Certificate @)&$÷)#÷@% @)*$÷)#÷#@
!&= g]kfn u'0f:t/ tyf gfktf}n ljefu u'0f:t/ k|df0fkq lrGx @)&%÷)(÷@) jflif{s ?kdf
(SAURAV GREEN SARBOTTAM ) gljs/0f e}/xg]
jflif{s ?kdf
!*= sf7df08f} dxfgu/kflnsf Joj;fo btf{ k|df0fkq @)&^÷)$÷!)
gljs/0f e}/xg]
klAns lnld6]8sf] ?kdf sDkgL
!(= sDkgL /lhi6«f/sf] sfof{no @)&^÷)$÷@( –
kl/0ft
r'g9'Ëf pTvgg sfo{ -kfNkf lhNnfsf]
@)= vfgL tyf e'ue{ ljefu lg:bL uf=kf= ;fljs Hofld/] uf=lj=; @)&^÷)&÷)* @!)^÷)&÷)&
df_
u'0f:t/ k|df0fkq lrGx jflif{s ?kdf
@!= g]kfn u'0f:t/ tyf gfktf}n ljefu @)&^÷!)÷)%
(GREEN SARBOTTAM CEMENT ) gljs/0f e}/xg]
vfgLsf] r'g9'Ëf pTvgg\ sfo{ -kfNkf jflif{s ?kdf
@@= vfgL tyf e'ue{ ljefu @)&&÷)(÷)^
lhNnfsf] ltgfp uf=kf=j8f g+= ! df_ gljs/0f e}/xg]
6
vfgLsf] r'g9'Ëf pTvgg sfo{ -wflbË
@#= vfgL tyf e'ue{ ljefu lhNnfsf] a]gL3f6 /f]/fª uf=kf= @)&*÷)(÷#) @!)*÷)(÷@(
cGtu{t sfGb|fËu9Ldf_
vfgLsf] r'g9'Ëf pTvgg sfo{ -kfNkf
@$= vfgL tyf e'ue{ ljefu lhNnfsf] ltgfp uf=kf= ;fljs son @)&*÷!!÷)( @!)*÷!!÷)*
uf=lj=;=df_
SAURAV GREEN SARBOTTAM
PREMIUM PPC CEMENT (and Logo)
@%= pBf]u ljefu k|of]hgsf nflu 6]«8dfs{ btf{ @)&(÷)%÷#) jflif{s ?kdf
-z'e>L hubDaf l;d]G6 ldN; k|f=ln= gljs/0f e}/xg]
nfO{ ;jf{]Qd a|f08 k|of]u ug{ :jLs[lt_
JAGADAMBA ULTRA PREMIUM OPC
CEMENT (and Logo) / JAGADAMBA
CEMENT (and Logo) k|of]hgsf nflu jflif{s ?kdf
@^= pBf]u ljefu 6]«8dfs{ btf{ -z'e>L hubDaf l;d]G6 @)&(÷)%÷#) gljs/0f e}/xg]
ldN; k|f=ln= nfO{ ;jf]{Qd a|f08 k|of]u
ug{ :jLs[lt_
a|f08 yk ;DaGwdf (JAGADAMBA jflif{s ?kdf
@&= g]kfn u'0f:t/ tyf gfktf}n ljefu ULTRA OPC CEMENT / JAGADAMBA @)&(÷)&÷@$
CEMENT)
gljs/0f e}/xg]

;+ul7t ;+:yfsf] k|aGwkq lgodfjnLdf xfn;Dd ePsf] ;+zf]wg, ;DalGwt bkmf, ;+zf]wgsf] ljifo, ;+zf]wg :jLs[t
ePsf] ;~rfns ;ldltsf] lg0f{o g+= / ldlt, ;+zf]wg :jLs[t ug]{ ;fwf/0f;efsf] ldlt / pQm ;+zf]wg lgodg lgsfo
jf sDkgL /lhi6«f/sf] sfof{nodf clen]v ePsf] ldlt ;d]t v'Ng] ljj/0f M
-s_ k|aGwkq tkm{
;+zf]wg :jLs[t ug]{
;~rfns ;ldltsf] ;fwf/0f;ef÷ljz]if sDkgL /lhi6«f/sf]
qm= ;+zf]wg ePsf] ;DalGwt
;+zf]wgsf] ljifo lg0f{o g+=÷ldlt sfof{nodf clen]v
;+= bkmf -lj=;+=_ ;fwf/0f;efsf] ldlt ePsf] ldlt -lj=;++=_
-lj=;++=_
k|f=ln= af6 klAns ln=
k|aGwkq ;Dk"0f{ ?kdf sDkgLsf] ?kdf kl/0ft
!= @)&^÷)$÷#)
k"g{n]vg . ePsf]n] k|aGwkq ;Dk"0f{ @)&^÷)#÷@* @)&^÷)$÷!$
?kdf k"gn]{vg ul/Psf]
clws[t tyf hf/L k"FhL @)&^÷)$÷)% @)&^÷)$÷@!
@= bkmf ^-v_ @)&^÷)$÷@@
j[l4
hf/L tyf r'Qmf k"FhL @)&&÷)*÷)$ ldlt @)&&÷)*÷@#
j[l4, z]o/ ;+/rgf df ;DkGg ePsf]
bkmf ^ -v_, -u_, :jfldTj kl/jt{g, xsk|b ljz]if ;fwf/0f;efsf]
#= @)&&÷!!÷!$
-3_ -ª_, -r_, -5_ / -h_ z]o/ lgisfzg tyf xs lg0f{o cg';f/
x:tfGt/0f ;DaGwL
Joj:yf
lg0f{o g+ !, @, ldlt @)&*÷)#÷!)
#, / $÷ ldlt df ;DkGg ePsf]
clws[t, hf/L tyf r'Qmf @)&*÷)@÷@% ljz]if ;fwf/0f
bkmf ^ -s_, -v_,
$= k"FhL j[l4 tyf z]o/ df a;]sf] ;efsf] lg0f{o cg';f/ @)&*÷)#÷#)
-u_, -3_ / -ª_
;+/rgf kl/jt{g ;DaGwL ;~rfns
;ldltsf] lg0f{o
cg';f/
gf]6M sDkgL k|f=ln=af6 klAns sDkgLdf kl/0ft eP kl5sf] ljj/0f pNn]v ul/Psf] .

7
-v_ lgodfjnLtkm{
;~rfns ;+zf]wg :jLs[t ug]{ sDkgL /lhi6«f/sf]
;+zf]wg ePsf] ;ldltsf] ;fwf/0f;ef÷ljz]if sfof{nodf
qm=;+= ;+zf]wgsf] ljifo
;DalGwt lgod lg0f{o g+=÷ldlt ;fwf/0f ;efsf] ldlt clen]v ePsf]
-lj=;+=_ -lj=;++=_ ldlt -lj=;++=_
k|f=ln= af6 klAns ln= sDkgLsf]
lgodfjnL ;Dk"0f{
!= ?kdf kl/0ft ePsf]n] lgodfjnL @)&^÷)#÷@* @)&^÷)$÷!$ @)&^÷)$÷#)
?kdf k"gn]{vg ;Dk"0f{ ?kdf k"g{n]vg ul/Psf] .
gf]6M sDkgL k|f=ln=af6 klAns sDkgLdf kl/0ft eP kl5sf] ljj/0f pNn]v ul/Psf] .
jftfj/0fLo k|efj d"NofÍg ;DaGwL Joj:yf M
sDkgLsf] pBf]u gjnk/f;L lhNnf, ;'gjn g=kf= j8f g+= !!, hf]8]gL / r'g9'Ëf vfgL pTvgg ;DaGwL pBf]u kfNkf
lhNnfsf] ltgfp uf=kf=j8f g+= ! -;fljs srn uf=lj=;= sf] j8f g+ #_ / lg:bL uf=kf= j8f g+= & -;fljs Hofld/]
uf=lj=;=_ Pj+ u'NdL÷kfNkf lhNnfsf] ;fljs bf}wf÷l;4]Zj/ uf=lj=;= ;'gfkfgLdf /x]sf] 5 .
pBf]uaf6 w'nf] k|b'if0f / ;'Id kbfy{åf/f UofF;o'Qm k|b'if0f x'g] vt/f eP tfklg ;f] sf] plrt Joj:yfkgsf nflu sDkgLn]
pko'Qm :yfgx?df jftfj/0f k|b'if0f Go"gLs/0f ug]{ p2]Zon] Electrostatic Precipitator (ESP), Pulse Jet Bag FILTER,
BAGHOUSES / CYCLONES ;d]t h8fg u/]sf] 5 eg] 7f]; kmf]xf]/ Joj:yfkg cfˆg} pBf]u kl/;/ leq ug]{ ePsfn]
jl/k/Lsf] If]qdf k|lts'n c;/ gkg]{ cg'dfg ul/Psf] 5 . To:t} sDkgLn] To; :yfgsf] cfly{s ;fdflhs If]qdf k|lts'n
c;/ gkg]{ u/L pBf]usf] :yfg rog u/]sf] xf] .
o; sDkgLsf] pBf]u If]qleq a;f]af; ug]{ :yfgLo afl;Gbfx? tyf ;DalGwt lgsfox?af6 xfn;Dd klg pQm If]qdf
pBf]u :yfkgf u/]sf]df s'g} gsf/fTds l6Kk0fLx? k|fKt gePsf] tyf o; pBf]usf] :yfkgfdf s'g} cfklQ hgfOPsf]
kfOPsf] 5}g .
o; kl/of]hgfn] dfgj :jf:Yo, v]ltof]Uo hldg, jg h+un, jg:klt / jGohGt', hldg, jfo'd08ndf WjgL k|b'if0fdf
k|lts'n c;/ gug]{ / ;fdflhs ;f:s[lts tyf wfld{s dfGotfx?, k|fs[lts jf;:yfg tyf hn>f]tdf klg s'g} c;/
gug]{ b]lvG5 eg] :yfgLo afl;Gbfsf] cfocfh{gdf j[l4 x'g] b]lvG5 . ;fy} jfo' k|b'if0f tyf WjgL k|b'if0f Go'lgs/0fsf ;fy}
sfdbf/x?sf] Joj;flos :jf:Yo / ;'/Iffdf pRr k|fyldstf lbOg] 5 . o; kl/of]hgfsf] :yfkgfn] ;+:yfks, :yflgo
afl;Gbfx? tyf ;du|df /fi6«nfO{ g} kmfObf x'g] b]lvG5 .
;du|df jftf/0fLo d'NofÍgn] k|:tfljt l;d]G6 u|fOlG8ª pks/0f :yfkgf u/] kZrft\ klg /f]syfd tyf pkrf/fTds
pkfox? ckgfPdf jftfj/0f, hg:jf:Yo, ;fdflhs, ;fF:s[lts tyf wfld{s dfGotfx?df pNn]vgLo gsf/fTds k|efj
gkg]{ b]lvPsf] x'Fbf pQm If]qdf lSn+s/, l;d]G6 KnfG6 tyf yk l;d]G6, u|fOlG8Ë KnfG6 / SolK6e kfj/ KnfG6 :yfkgf
ug{sf nflu pko'Qm :yfg /x]sf] b]lvG5 . ;fy}, pQm yk kl/of]hgfsf nflu ;d]t jftfj/0f k|b'if0f Go"gLs/0f ug]{
p2]Zon] Electrostatic Precipitator (ESP), Pulse Jet, Bag FILTER, BAGHOUSES / CYCLONES h8fg ul/g] nIo /flvPsf]
5.
-r_ sDkgLsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy} To;df
ePsf] nufgLsf] c+z -k|ltztdf_ xfn ;Dd M
-!_ ;xfos sDkgLsf] gfd M
-s_ ;jf]{Qd xf]lN8Ë; k|f=ln=
-v_ ;jf]{Qd OGe]i6d]G6 k|f=ln=
;xfos sDkgL ;jf]{Qd xf]lN8Ë; k|f=ln=sf] ;xfos sDkgLsf] gfd M
-c_ l;4]Zj/ ldg]/N; k|f=ln=
-cf_ Hofld/] ldg]/N; k|f=ln=
-@_ ;xfos sDkgLsf] Oltxf; / d'Vo p2]Zo M
-s_ ;jf]{Qd xf]lN8Ë; k|f=ln=
gfd / 7]ufgf ;jf]{Qd xf]lN8Ë; k|f=ln=, sf=d=g=kf=@(, ;'ljwfgu/, sf7df08f} .
:yfkgf ldlt ldlt @)&&÷)*÷!%
sDkgL /lhi6«f/sf] sfof{nodf
btf{ g+ @$()^^÷)&&÷)&* / ldlt @)&&÷)*÷!(
btf{ / ldlt
:yfoL n]vf g+= ^)(*^*)%^
z]o/ ;+/rgf tyf :jfldTj d'Vo sDkgL ;jf]{Qd l;d]G6 ln=sf] zt k|ltzt z]o/ :jfldTj /x]sf] /
8
l;4]Zj/ ldg/N; k|f=ln=/ Hofld/] ldg/N; k|f=ln df nufgL /x]sf] .
!=:jLs[lt lng kg]{df :jLs[lt lnO{ b]zsf] k"jf{wf/ ljsf; sfo{df cfjZos
kg]{ l;d]G6sf] dfunfO{ dWogh/ u/L cToflws d]lzg / k|ljlw hl8t
l;d]G6 sf/vfgfsf] :yfkgf u/L lSn+s/ tyf ljleGg u|]8 Pj+ k|sf/sf
l;d]G6sf] pTkfbg u/L :jb]zdf laqmL ljt/0f ug'{sf ;fy} ljb]zdf ;d]t
lgsf;L u/L ljb]zL d'b|f cfh{g ug]{ .
@=l;d]G6;Fu ;DalGwt r'g9'Ëf nufotsf cfjZos ;a} vlgh kbfy{x?sf]
vf]htnf;, cGj]if0f Pj+ pTvgg\ tyf ljsf; u/L k|zf]wg ;d]tsf sfo{x?
ug]{, u/fpg] .
#=vlgh hGo kbfy{, lSn+s/ tyf l;d]G6 nufotsf lgdf0f{ ;fdfu|Lx?sf]
;KnfO;Fu ;DalGwt 6]G8/ Pj+ 7]Ssf k§fdf efu lng], sf]6]zg jf 7]Ssf
adf]lhd cfk"lt{ sfo{ ug]{, u/fpg], 7]Ssf ;Demf}tfg';f/sf sfo{x? ug]{,
u/fpg] .
$=k|rlnt sfg"gsf] clwgdf /xL l;d]G6 pTkfbg ug]{, cfjZos kg]{
vlghhGo sRrf kbfy{x? h:t} r'g9'Ëf, afn'jf, :n]6, kTy/, sf]Onf,
d'Vo p2]Zo tfdf, lh+s, sf]jfN6, vlgh t]n, kmnfd] wfp, kfO/fO6, lhK;d cflbsf]
vf]hntf;, cGj]if0f ug]{, pTvgg\ u/L k|zf]wg ug]{, vl/b jf cfoft u/L
pBf]unfO{ al9 x'g hfg] ;fdfgx? lgsf;L Pj+ laqmL ljt/0f nufotsf
sfo{x? ug]{ .
%sDkgLsf] sfo{ lj:tf/ ub}{ hfbf l;d]G6;Fu ;DalGwt cGo sRrf kbfy{,
;xfos sRrf kbfy{, KoflsË d]6]l/oN; nufotsf cGo j:t'x?sf]
pTkfbg / laqmL ljt/0f u/L d'gfkmf cfh{g ug]{ .
^=ljb]zL gful/s Pj+ ;+3 ;:yf, sDkgL;Fusf] ;xfos / ;+o'Qm nufgL,
;+o'Qm pkqmd (Joint Venture) df g]kfnsf] ljsf;sf nflu cfjZos
pBf]u Joj;fo ;~rfng ug]{ ;DaGwL sfo{x? ug]{ . ljleGg k|sf/sf
pBf]u Pj+ sDkgLx?df z]o/df nufgL u/L pQm pBf]u Joj;fox?sf]
Joj:yfkg ;DaGwL sfo{x? ug]{, u/fpg] .
&=:jb]zL jf ljb]zL JolQm jf ;+3 ;+:yf;Fu ;Dks{ lj:tf/ u/L :jb]zdf
nufgL leqfpg] . pBf]u Joj;fo ;~rfng u/L b]znfO{ cf}Bf]lus
ljsf;df ;xof]u k'Ug] sfo{x? ug]{ .
o; sDkgLn] l;4]Zj/ ldg/N; k|f=ln= / Hofld/] ldg/N; k|f=ln= df
sfo{ tyf ;~rfngsf] kl5Nnf]
ztk|ltzt nufgL u/]sf] x'Fbf pQm b'j} sDkgLx?af6 r'g 9'Ëfsf] pTvgg
cj:yf
tyf laqmL ljt/0f sfo{ e}/x]sf] .
-v_ ;jf]{Qd OGe]i6d]G6 k|f= ln=
gfd / 7]ufgf ;jf]{Qd xf]lN8Ë; k|f=ln=, sf=d=g=kf=@(, ;'ljwfgu/, sf7df08f} .
:yfkgf ldlt ldlt @)&&÷)(÷)!
sDkgL /lhi6«f/sf] sfof{nodf btf{ g+= @%!)#^÷)&&÷&* / ldlt @)&&÷)(÷)(
btf{ / ldlt
:yfoL n]vf g+= ^)(**&$@@
z]o/ ;+/rgf / z]o/ :jfldTj d"Vo sDkgL ;jf]{Qd l;d]G6 ln=sf] zt k|ltzt z]o/ :jfldTj /x]sf]] .
!=;+3Lo g]kfndf xfn ;~rfngdf /x]sf tyf ;~rfng x'g] b'/;~rf/,
;"rgf k|ljlw, hnljB't, pBf]u, ko{6g pBf]u, Plu|sNr/ pBf]u, ef}lts
k"jf{wf/ lgdf{0f, a}+lsË, ljQLo ;+:yf, aLdf, lzIff tyf d]l8sn If]q tyf
;f] ;Fu ;DalGwt If]qsf sDkgLx?sf] z]o/ tyf l8a]~r/df nufgL ug]{ .
@=g]kfne/L ;~rfngdf /x]sf tyf ;~rfng x'g] s'g} klg klAns tyf
d'Vo p2]Zo k|fOe]6 sDkgLx?sf] z]o/ tyf l8a]Gr/df nufgL ug]{ ;fy} ;xsfo{ /
;fd'lxs efjgfsf] sb/ ub}{ nufgL d}qL jftfj/0f agfpgsf] nflu
cfjZos kxn ug{] .
#=;+3Lo g]kfndf xfn ;~rfngdf /x]sf tyf ;~rfng x'g] s'g} klg
klAns tyf k|fOe]6 sDkgLx?sf] Mutual Fund, Security, IPO tyf
Secondary Market sf] z]o/ tyf l8j]~r/df nufgL ug]{ ;fy} g]kfn
9
;/sf/ tyf dftxtsf lgsfon] lgisfzg ug]{ Bond, Treasury Bill df
nufgL ug]{ .
$ =;DalGwt lgsfosf] cg'dlt lng'kg]{ eP cg'dlt lnO{ lwtf]kq ahf/;Fu
;DalGwt sf/f]af/ ug]{, :6s PS;r]Gh, :6s bnfn;Fu ;DalGwt sfo{
ug]{, :6s vl/b laqmL ug]{ tyf ljQLo ahf/ tyf lwtf]kq ahf/sf]
;'kl/j]If0f jf dWo:ytf;Fu ;DalGwt sfo{ ug]{ ;fy} ;f] ;Fu ;DalGwt
;xfos sfo{ ug{ u/fpg] .
%=cfˆgf] nufgL ePsf sDkgL tyf ;+:yfsf] ;~rfng tyf Joj:yfkg;Fu
;DalGwt ;Dk"0f{ sfo{ ug]{ u/fpg] .
^=cfˆgf] p2]Zo;Fu k|ToIf ;/f]sf/ /fVg] sfo{sf nflu ;/sf/L, Uf}/;/sf/L,
ljb]zL, Joj;flos k|lti7fg, sDkgL, s'6g}lts lgof]u, pBf]u k|lti7fg,
sn sf/vfgf, ljBfno, ljQLo ;+3 ;+:yfx? jf JolQmx?;Fu af]nkqåf/f
efu lnO{, ;"rLs[t eO{ jf ;f]em} jftf{åf/f cfjZos sfo{ ug]{ u/fpg] .
&=cfˆgf] Joj;flos p2]Zosf nflu g]kfne/L cfˆgf] Joj;flos k|ltlgwL
lgo'Qm ug]{ .
*=sDkgLsf] p2]Zo;Fu ldNg] cGo sDkgL jf kmd{sf] ;+o'Qm jf ;a Ph]G6
eO{ sfo{ ug]{ u/fpg] .
(=cfˆgf] Joj;fosf] nflu cfjZos kg]{ ljleGg lsl;dsf oGq, cf}hf/,
pks/0f nufotsf ;fdfu|Lx? ljb]zaf6 cfoft ug]{ u/fpg] .
sfo{ / ;~rfngsf] kl5Nnf]
nufgLsf ;DefJo If]qx? klxrfg u/L cWoog ug]{ qmddf /x]sf] .
cj:yf
;xfos sDkgL ;jf]{Qd xf]lN8Ë; k|f=ln=sf] ;xfos sDkgLx? M
-c_ l;4]Zj/ ldg]/N; k|f= ln=
gfd / 7]ufgf l;4]Zj/ ldg]/N; k|f=ln=, sf=d=g=kf=@(, ;'ljwfgu/, sf7df08f} .
:yfkgf ldlt ldlt @)&#÷)&÷@(
sDkgL /lhi6«f/sf] sfof{nodf
btf{ g+ !%*#%* / ldlt @)&#÷)&÷@(
btf{ / ldlt
:yfoL n]vf g+= ^)$#%)#()
;xfos sDkgL ;jf]{Qd xf]lN8Ë; k|f=ln sf] ztk|ltzt z]o/ :jfldTj
z]o/ ;+/rgf tyf :jfldTj
/x]sf]] .
!=:jLs[lt lng kg]{df :jLs[lt lnO{ b]zsf] k"jf{wf/ ljsf; sfo{df cfjZos
kg]{ l;d]G6sf] dfunfO{ dWogh/ u/L cToflws d]lzg / k|ljlw hl8t
l;d]G6 sf/vfgfsf] :yfkgf u/L lSn+s/ tyf ljleGg u|]8 Pj+ k|sf/sf
l;d]G6sf] pTkfbg u/L :jb]zdf laqmL ljt/0f ug'{sf ;fy} ljb]zdf ;d]t
lgsf;L u/L ljb]zL d'b|f cfh{g ug]{ .
@=l;d]G6;Fu ;DalGwt r'g9'Ëf nufotsf cfjZos ;a} vlgh kbfy{x?sf]
vf]htnf;, cGj]if0f Pj+ pTvgg\ tyf ljsf; u/L k|zf]wg ;d]tsf sfo{x?
ug]{, u/fpg] .
#=vlgh hGo kbfy{, lSn+s/ tyf l;d]G6 nufotsf lgdf0f{ ;fdfu|Lx?sf]
;KnfO;Fu ;DalGwt 6]G8/ Pj+ 7]Ssf k§fdf efu lng], sf]6]zg jf 7]Ssf
d'Vo p2]Zo
adf]lhd cfk"lt{ sfo{ ug]{, u/fpg], 7]Ssf ;Demf}tfg';f/sf sfo{x? ug]{,
u/fpg] .
$=k|rlnt sfg'gsf] clwgdf /xL l;d]G6 pTkfbg ug]{, cfjZos kg]{
vlghhGo sRrf kbfy{x? h:t} r'g9'Ëf, afn'jf, :n]6, kTy/, sf]Onf,
tfdf, lh+s, sf]jfN6, vlgh t]n, kmnfd] wfp, kfO/fO6, lhK;d cflbsf]
vf]hntf;, cGj]if0f ug]{, pTvgg\ u/L k|zf]wg ug]{, vl/b jf cfoft u/L
pBf]unfO{ al9 x'g hfg] ;fdfgx? lgsf;L Pj+ laqmL ljt/0f nufotsf
sfo{x? ug]{ .
%=sDkgLsf] sfo{ lj:tf/ ub}{ hfbf l;d]G6;Fu ;DalGwt cGo sRrf kbfy{,
;xfos sRrf kbfy{, KoflsË d]6]l/oN; nufotsf cGo j:t'x?sf]
10
pTkfbg / laqmL ljt/0f u/L d'gfkmf cfh{g ug]{ .
^=ljb]zL gful/s Pj+ ;+3 ;:yf, sDkgL;Fusf] ;xfos / ;+o'Qm nufgL,
;+o'Qm pkqmd (Joint Venture) df g]kfnsf] ljsf;sf nflu cfjZos
pBf]u Joj;fo ;~rfng ug]{ ;DaGwL sfo{x? ug]{ . ljleGg k|sf/sf
pBf]u Pj+ sDkgLx?df z]o/df nufgL u/L pQm pBf]u Joj;fox?sf]
Joj:yfkg ;DaGwL sfo{x? ug]{, u/fpg] .
&=:jb]zL jf ljb]zL JolQm jf ;+3 ;+:yf;Fu ;Dks{ lj:tf/ u/L :jb]zdf
nufgL leqfpg] . pBf]u Joj;fo ;~rfng u/L b]znfO{ cf}Bf]lus
ljsf;df ;xof]u k'Ug] sfo{x? ug]{ .
sfo{ tyf ;~rfngsf] kl5Nnf]
r'g9'Ëfsf] pTvgg\ tyf laqmL ljt/0f sfo{ e}/x]sf] .
cj:yf

-cf_ Hofld/] ldg]/N; k|f= ln=


gfd / 7]ufgf Hofld/] ldg]/N; k|f=ln=, sf=d=g=kf=@(, ;'ljwfgu/, sf7df08f} .
:yfkgf ldlt ldlt @)&(÷)!÷@!
sDkgL /lhi6«f/sf] sfof{nodf
btf{ g+= @()#(( / ldlt @)&(÷)!÷@!
btf{ / ldlt
:yfoL n]vf g+= ^!)@*)%^$
z]o/ ;+/rgf tyf :jfldTj ;xfos sDkgL ;jf]{Qd xf]lN8Ë; k|f=ln sf] ztk|ltzt z]o/ :jfldTj /x]sf]]
!=:jLs[lt lng kg]{df :jLs[lt lnO{ b]zsf] k"jf{wf/ ljsf; sfo{df cfjZos
kg]{ l;d]G6sf] dfunfO{ dWogh/ u/L cToflws d]lzg / k|ljlw hl8t
l;d]G6 sf/vfgfsf] :yfkgf u/L lSn+s/ tyf ljleGg u|]8 Pj+ k|sf/sf
l;d]G6sf] pTkfbg u/L :jb]zdf laqmL ljt/0f ug'{sf ;fy} ljb]zdf ;d]t
lgsf;L u/L ljb]zL d'b|f cfh{g ug]{ .
@=l;d]G6;Fu ;DalGwt r'g9'Ëf nufotsf cfjZos ;a} vlgh kbfy{x?sf]
vf]htnf;, cGj]if0f Pj+ pTvgg\ tyf ljsf; u/L k|zf]wg ;d]tsf sfo{x?
ug]{, u/fpg] .
#=vlgh hGo kbfy{, lSn+s/ tyf l;d]G6 nufotsf lgdf0f{ ;fdfu|Lx?sf]
;KnfO;Fu ;DalGwt 6]G8/ Pj+ 7]Ssf k§fdf efu lng], sf]6]zg jf 7]Ssf
adf]lhd cfk"lt{ sfo{ ug]{, u/fpg], 7]Ssf ;Demf}tfg';f/sf sfo{x? ug]{,
u/fpg] .
$=k|rlnt sfg'gsf] clwgdf /xL l;d]G6 pTkfbg ug]{, cfjZos kg]{
vlghhGo sRrf kbfy{x? h:t} r'g9'Ëf, afn'jf, :n]6, kTy/, sf]Onf,
tfdf, lh+s, sf]jfN6, vlgh t]n, kmnfd] wfp, kfO/fO6, lhK;d cflbsf]
d'Vo p2]Zo
vf]hntf;, cGj]if0f ug]{, pTvgg\ u/L k|zf]wg ug]{, vl/b jf cfoft u/L
pBf]unfO{ al9 x'g hfg] ;fdfgx? lgsf;L Pj+ laqmL ljt/0f nufotsf
sfo{x? ug]{ .
=%sDkgLsf] sfo{ lj:tf/ ub}{ hfbf l;d]G6;Fu ;DalGwt cGo sRrf kbfy{,
;xfos sRrf kbfy{, KoflsË d]6]l/oN; nufotsf cGo j:t'x?sf]
pTkfbg / laqmL ljt/0f u/L d'gfkmf cfh{g ug]{ .
^=ljb]zL gful/s Pj+ ;+3 ;:yf, sDkgL;Fusf] ;xfos / ;+o'Qm nufgL,
;+o'Qm pkqmd (Joint Venture) df g]kfnsf] ljsf;sf nflu cfjZos
pBf]u Joj;fo ;~rfng ug]{ ;DaGwL sfo{x? ug]{ . ljleGg k|sf/sf
pBf]u Pj+ sDkgLx?df z]o/df nufgL u/L pQm pBf]u Joj;fox?sf]
Joj:yfkg ;DaGwL sfo{x? ug]{, u/fpg] .
&=:jb]zL jf ljb]zL JolQm jf ;+3 ;+:yf;Fu ;Dks{ lj:tf/ u/L :jb]zdf
nufgL leqfpg] . pBf]u Joj;fo ;~rfng u/L b]znfO{ cf}Bf]lus
ljsf;df ;xof]u k'Ug] sfo{x? ug]{ .

sfo{ tyf ;~rfngsf] kl5Nnf]


r'g9'Ëfsf] pTvgg\ tyf laqmL ljt/0f sfo{ e}/x]sf] .
cj:yf
11
-5_ b]xfosf s'/fx? ;d]t pNn]v ug'{ kg]{ -nfu' x'g] xb;Dd_ M
-!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M r'g9'Ëf pTvgg / k|zf]wg u/L cTofw'lgs k|ljlw
hl8t Knf06 P08 d]lzg/Laf6 pRr u'0f:t/sf] lSn+s/ tyf ljleGg u|]8sf l;d]G6 pTkfbg tyf laqmL
ljt/0f ug{] .
-@_ k|of]u ePsf] jf ul/g] k|ljlw M sDkgLn] 8]gdfs{sf] 6]Sgf]nf]hLaf6 ag]sf] pRr:t/Lo pTkfbg k|ljlwx?
hl8t cfw'lgs Rotary Kiln / VRM (Danish) u|flG8Ë pks/0f k|of]udf NofPsf] 5 . ;fy}, sDkgLn] jfo'
k|b'if0f lgoGq0fsf nflu Aofu lkmN6/ / Aofu xfp; h:tf] cfw'lgs pks/0fx?nfO{ k|of]udf NofPsf] 5 .
-#_ s'g} a|f08g]d, k|ltlnlk clwsf/, 6«]8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / sDkgL;Fu ;DalGwt
af}l4s ;DklQ xs clwsf/ M sDkgLn] pTkfbg ug{] l;d]G6sf] a|f08g]d lu|g ;jf]{Qd l;d]G6 cf]=lk=l;= /
;f}/e lu|g ;jf]{Qd l;d]G6 lk=lk=l;=/x]sf] 5 . pQm a|f08g]d afx]s ;jf]{Qd l;d]G6n] lu|g ;jf]{Qd
lk=P;=l;= l;d]G6, ;f}/e, >L zlQm, le=cf/=Pd= l;d]G6, N.CEM, Western Cement, Green VRM nufotsf
6]«8dfs{{x?sf] k]6]G6 / l8hfOg 6«]8dfs{ P]g, @)@@ sf] bkmf !* adf]lhd pBf]u ljefuaf6 6]«8dfs{ lrGx
btf{ k|df0f kq k|fKt u/]sf] 5, h;sf] 6«]8dfs{ /lhi6«]zg k|df0f kq g+= qmdzM 047182, 39723, 39722,
39725, 39726, 39724, 39727 / 39732 /x]sf 5g\ .
pQm 6]«8dfs{ lrGx nufot sDkgLn] k|fKt u/]sf cGo k|df0f kqx? sDkgLsf] cf}Bf]lus ;DklQ tyf af}l4s
;DklQsf] xs sDkgLdf ;'/lIft /x]sf 5g . pk/f]Qm 6]«8dfs dWo] sDkgLn] lu|g ;jf]{Qd l;d]G6 cf]=lk=l;=
-$# u]|8÷%# u|]8_ / ;f}/e lu|g ;jf{]Qd lk=lk=l;=sf] gfdsf] k|df0fkq g+= ^@# / $*@ Dffkm{t g]kfn u'0f:t/
tyf gfktf}n ljefuaf6 g]kfn u'0f:t/ k|df0f lrGx ;d]t k|fKt u/]sf] 5 .
;fy}, ;jf]{Qd l;d]G6sf] a|fG8g]d lu|g ;jf]{Qd l;d]G6 cf]= lk= l;=df z'e >L hubDaf l;d]G6 ldN; k|f=ln=n]
pTkfbg ug]{ u/L b'a} kIf aLr ;Demf}tf ;DkGg eO{ pBf]u ljefu / g]kfn u'0f:t/ tyf gfktf}n ljefuaf6
:jLs[t k|fKt ePsf] 5 .
To;}u/L pTkflbt j:t'sf] u'0f:t/ lgwf{/0f ug]{ ef/tsf] ;/sf/L lgsfo Bureau of Indian Standard (BIS)
af6 sDkgLaf6 pTkflbt l;d]G6nfO{ ;g\ @)@# hgj/L !! / ;g\ @)@# h'nfO{ @% df k|fKt :jLs[lt kqx?
dfkm{t u'0f:t/sf] ;l6{lkms]6 k|fKt eO{ pBf]uaf6 pTkflbt l;d]G6 tyf lSn+s/sf] ef/tdf lgof{t z'?
ul/;lsPsf] 5 .
-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M sDkgLn] pTkflbt j:t' laqmL ljt/0fsf nflu pko'Qm ljt/0f k|0ffnL
ckgfPsf] 5 . sDkgLn] cf]u6]sf] k|d'v ahf/ If]q g]kfne/L g} /x]sf] 5 . ;fy}, lgs6 eljiodf g]kfn aflx/
ef/t nufot cGo b]zx?df ;d]t lgsf;L ug]{ of]hgf /x]sf] 5 .
o; pBf]uaf6 pTkflbt l;d]G6sf] /fli6«o÷:yfgLo ahf/df lgDgfg';f/ lx:;f /x]sf] 5 M
l;d]G6sf] jflif{s pTkfbg cf=j= )&(÷*) sf] l;d]G6 laqmL
cfˆg} Rf'g9'Ëf vfgL eP÷gePsf]
Ifdtf -d]l6«s 6g_ -6g_
(,(),))) $,*%,*)@=$( ePsf]
-%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgfM xfn sDkgLn] cf]=lk=l;= -$# u]|8÷%# u|]8_ / lk=lk=l;= l;d]G6df
k|fyldstf lbPsf] ePtf klg cfufdL lbgdf cfpg ;Sg] ahf/sf] dfunfO{ Wofgdf /fvL lk=P;=l;=, :nfu
l;d]G6 nufotsf cGo ljleGg a|f08 / u|]8sf l;d]G6 pTkfbg u/L ahf/sf] cfjZostfnfO{ kl/k"lt{ ug{]
of]hgf /fv]sf] 5 . sDkgLn] pTkfbg ljljlws/0f ug{ ;Sg] u/L ;+/rgf agfPsf] 5 .
-^_ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M sDkgLsf] pBf]u /x]sf] lhNnf
gjnk/f;L / cGo lhNnf tyf :yfgx? qmdzM slknj:t', a'6jn, dsjfgk'/, sf7df08f}, nlntk'/, eQmk'/,
sfe|], l;Gw'kfNrf]s, af/f, k;f{, bf]nvf, lrtjg, wflbª, /f}tx6, ;nf{xL, l;Gw'nL, kf]v/f, tgxF', uf]/vf,
:ofËhf, kj{t, ndh'Ë, DofUbL, afUn'Ë, g]kfnu~h, wgu9L ;d]tsf If]qx?df pTkflbt l;d]G6 laqmL
ljt/0fsf] nflu sDkgLn] b'O{ -@_ k|sf/sf ljt/0f k|0ffnL cjnDag u/]sf] 5 . h;df l8n/ ljt/0f k|0ffnL
dfkm{t xf]n;]n/, l/6]n/ x'Fb} u|fxs;Dd k'¥ofpg] / csf{] k|0ffnL cg';f/ pBf]uaf6 ;f]em} 7"nf–7"nf kl/of]hgf
tyf cfof]hgfx?df l;w} cfk"lt{ ug{] Joj:yf u/L laqmL ljt/0f ug]{ ul/Psf] 5 . ;fy} , ahf/ k|j{4gsf
sfo{x? ;d]t ;~rfng ul/Psf] 5 .
;fy}, ;jf]{Qd l;d]G6sf] a|fG8g]d ælu|g ;jf]{Qd l;d]G6 cf]=lk=l;=Æ df z'e >L hubDaf l;d]G6 ldN; k|f=ln=
n] pTkfbg u/L sDkgLsf] jL/u~h o'lg6af6 k"jL{ t/fO{sf lhNnfx?df laqmL ljt/0f z'? e};]s]sf] 5 .
-&_ pTkfbg÷;~rfng Ifdtf / ;f] sf] pkef]u l:ylt M cf=j= @)&$÷&% df lSns/ $,^$,@@@=%^ d]l6«s 6g
tyf l;d]G6 @,(&,@)!=#) d]l6«s 6g pTkfbg u/L laqmL ljt/0f u/]sf] 5 eg] cf=j= @)&%÷)&^ df
lSn+s/ ^,##,)&)=@$ d]l6«s 6g tyf l;d]G6 @,((,&^(=!* d]l6«s 6g pTkfbg u/L laqmL ljt/0f u/]sf] 5 .
;fy}, cf=j=@)&^÷)&& df lSn+s/ *,!(,&%#=&* d]l6«s 6g tyf l;d]G6 @,(^,#!@=^% d]l6«s 6g pTkfbg
u/L laqmL ljt/0f u/]sf] 5 / cf=j=@)&&÷)&* df lSn+s/ (,(&,@&^=)( d]l6«s 6g tyf l;d]G6
12
%,^),!$!=%* d]l6«s 6g pTkfbg u/L laqmL ljt/0f u/]sf] 5 . To;}u/L cf=j= @)&*÷)&( df lSn+s/
*,!$,@$(=(( d]l6«s 6g tyf l;d]G6 ^,&$,!*(=^! d]l6«s 6g pTkfbg u/L laqmL ljt/0f u/]sf] 5 /
cf=j= @)&(÷)*) df lSn+s/ %,#^,#@* d]l6«s 6g tyf l;d]G6 $,(#,!(!=@* d]l6«s 6g pTkfbg u/L
laqmL ljt/0f u/]sf] 5 . o; sDkgLsf] lSn+s/ pTkfbg Ifdtf jflif{s (,(),))) d]l6«s 6g -#,)))
l6lk8L_ / l;d]G6 pTkfbg Ifdtf jflif{s (,(),))) d]l6«s 6g -#,))) l6lk8L_ /x]sf] 5 .
-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAwtf M
-s_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+=! df !!=($ ju{ ls=dL= If]q vfgL tyf e'ue{
ljefuaf6 ldlt @)^(÷)%÷)^ ut]b]lv ldlt @)((÷)%÷)% ;Dd #) jif{;Dd cg'dlt axfn /xg]
u/L ldlt @)^(÷)%÷)^ df r'g9'Ëf vfgL pTvgg sfo{sf] nflu cg'dlt kq g+= -!!.)^(.)&)_
k|fKt u/]sf] 5 .
-v_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g++= ! cGtu{t l/ªl;ª ;fd'bflos jgsf]] $=*(^
x]S6/ jg If]q r'g9'Ëf pTvggsf nflu pkof]u ug{ g]kfn ;/sf/, dlGqkl/ifbsf] lg0f{oaf6 ldlt
@)&!÷)&÷!) ut] cg'dlt k|fKt u/]sf] tyf ef]uflwsf/ cg'dlt k|fKt u/]sf] ldltaf6 @& jif{;Dd
cg'dlt axfn /x]sf] 5 .
-u_ sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+= ! df /x]sf] $=%@ ju{ ls=ld= If]q, vfgL tyf
e'ue{ ljefuaf6 -g= (%.)^*.)^(_ ldlt @)^*÷!)÷)^ ut]sf] kqaf6 cg'dlt k|fKt u/]sf] / ;f]
vfgLsf] r'g9'Ëf pTvgg\ of]hgf -dfOlgª l:sd_ sf] nflu pBf]u, jfl0fHo tyf cfk"lt{ dGqfno, vfgL
tyf e"ue{ ljefusf] kq ;+Vof M )&&÷&*÷!)##, rnfgL g+= !#&! ldlt @)&&÷)(÷)^ ut]sf]
kqaf6 :jLs[lt k|fKt u/] kZrft\ k|f/lDes jftfj/0fLo kl/If0f ;DkGg e} cg'dlt -cg'dlt kq
g+=!)!÷)&*÷&(_ k|fKt ul/;s]sf] 5 . To;}u/L vfgL tyf e'ue{ ljefun] kq;+VofM )&*÷&(÷@#!&
rnfgL g+= $^$* ldlt @)&(÷)!÷@% ut]sf] kqaf6 r'g9'+uf vfgL pTvggsf] nflu % x]S6/ If]q
ag If]qdf kg]{ ePsf]n] ;f] sf] ef]uflwsf/sf] nflu pBf]u, jfl0fHo tyf cfk"lt{ dGqfnodf
l;kmf/L;sf nflu n]lv k7fPsf] 5 .
-3_ To;}u/L vfgL tyf e'ue{ ljefusf] kq ;+VofM )&^÷&&÷&$# rnfgL g+=!)!! ldlt @)&^÷)*÷!!
ut]sf] kq dfkm{t kfNkf lhNnfsf] lg:bL uf=kf= cGtu{t %=(@% ju{ ls=dL= If]qkmndf ldlt
@)&^÷)&÷)* b]lv #) jif{;Ddsf nflu 7"nf :t/sf] r'g9'Ëf pTvgg\ sfo{sf nflu cg'dlt k|fKt
u/]sf] 5 . ;fy} wflbË lhNnf a]lg3f6 /f]/fË ufpFkflnsf l:yt sfGb|fËu9L r'g9'Ëf pTvgg\ sfo{sf
nflu sDkgL / vfgL tyf e'ue{ ljefu aLr ldlt @)&* ;fn k'if !$ ut] ;Demf}tf ePsf] 5 .
;fy}, cGo sRrf kbfy{x? h:t} sf]Onf, lhK;d cfO{/gcf]/, KoflsË d]6]l/oN; nufotsf sRrf
kbfy{x? cfoft tyf :yfgLo ahf/af6 vl/b u/L k|of]u ub{} cfO{/x]sf] 5 .
-(_ u'0f:t/ lgoGq0fsf] nflu ul/Psf] Joj:yfM cTofw'lgs le=cf/=Pd=k|ljlwo'Qm KnfG6 P08 d]lzg/L hl8t
pBf]usf] lgdf{0f, r'g9'Ëf ;+sngsf] nflu kof{Kt If]qkmn ;lxtsf] r'g9'Ëf /fVg ;Sg] Ifdtfo'Qm e08f/0f
Joj:yf, jftfj/0fLo jfo' k|b'if0f lgoGq0fsf nflu Aofu lkmN6/ / Aofu xfp; lgdf{0f tyf g]kfn u'0f:t/
lrGx cfOP;cf] k|df0f kq !$))!M@)!% / cfOP;cf] k|df0f kq ())!M@)!% sf] dfGotf k|fKt u/]sf] 5 .
pBf]udf @$ ;} 306f cfˆg} cTofw'lgs Nofaaf6 x/]s 306fdf pTkfbg kl/If0f ug{] ul/Psf] 5 . r'g9'Ëfsf]
u'0f:t/ kl/If0fsf] nflu :jrflnt pks/0fx? pBf]u d} h8Lt 5g\ . ;fy}, pTkflbt l;d]G6sf] x/]s Aofr
;/sf/L tyf cGo lghL Nofax?df ;d]t lgoldt u'0f:t/ kl/If0f ug{] ul/g'sf ;fy} l;d]G6sf] Compressive
Strength kl/If0f ug{] pRr k|ljlwo'Qm d]lzg/L hl8t 6]lSgsn Nofaaf6 l;d]G6sf] 1fg ePsf cg'ejL
O{lGhlgo/, k|fljlws dfkm{t lgdf{0f :yndf uO{ pTkflbt l;d]G6sf] u'0f:t/sf] hfgsf/L u/fpg] Joj:yf
ldnfOPsf] 5 . sDkgLn] pTkfbg u/]sf] l;d]G6 pRr u'0f:t/sf] /x]sf] 5 . ;fy}, sDkgLdf /x]sf] cTofw'lgs
k|ljlwo'Qm XRF d]lzgn] sRrf kbfy{sf] u'0f:tl/otfsf] kl/If0f ug]{ / kl/If0f kZrft\ dfq sRrf kbfy{
k|of]udf NofOg] ul/Psf] 5 .
-!)_ cg';Gwfg tyf ljsf; M sDkgLn] kfNkf lhNnfsf] ltgfp ufpFkflnsf j8f g+= ! df /x]sf] $=%@ ju{ ls=ld=
If]q, vfgL tyf e'ue{ ljefuaf6 -g+= (%.)^*.)^(_ ldlt @)^*÷!)÷)^ ut]sf] kqaf6 cg'dlt k|fKt u/]sf]
/ ;f] vfgLsf] r'g9'Ëf pTvgg\ of]hgf -dfOlgª l:sd_ sf] nflu pBf]u, jfl0fHo tyf cfk"lt{ dGqfno, vfgL
tyf e"ue{ ljefusf] kq ;+Vof @)&&÷&*÷!)@@, rnfgL g+= !#&! ldlt @)&&÷)(÷)^ ut]sf] kqaf6
:jLs[lt k|fKt u/] kZrft\ k|f/lDes jftfj/0fLo kl/If0f ;DkGg e} cg'dlt -cg'dlt kq g+=!)!÷)&*÷&(_
k|fKt ul/;s]sf] 5 . To;}u/L vfgL tyf e"ue{ ljefun] kq;+Vof @)&*÷&(÷@#!& rnfgL g+= $^$* ldlt
@)&(÷)!÷@% ut]sf] kqaf6 r'g9'Ëf vfgL pTvgg\sf] nflu % x]S6/ If]q ag If]qdf kg]{ ePsf]n] ;f] sf]
13
ef]uflwsf/sf] nflu pBf]u, jfl0fHo tyf cfk"lt{ dGqfnodf l;kmf/L;sf nflu n]lv k7fPsf] 5 . ;fy}, wflbË
lhNnf a]lg3f6 /f]/fË ufpFkflnsf l:yt sfGb|fËu9L r'g9'Ëf e08f/sf] pTvgg\ sfo{sf nflu sDkgL / vfgL
tyf e'ue{ ljefu aLr ldlt @)&* ;fn k'if !$ ut] ;Demf}tf ePsf] 5 .
-!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;~rfngdf c;/ kg]{ u/L ePsf] jfwf, Jojwfg M ljut !@ dlxgfsf]
cjlwdf sDkgLsf] ;~rfngdf c;/ kg]{ u/L s'g} jfwf Jojwfg g/x]sf] .
-!@_ dhb'/ ;+u7g;Fusf] ;DaGw / ljutdf s'g} cf}Bf]lus ljjfb ePsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] .
-!#_ ahf/, k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M sDkgLn] pTkfbg u/]sf] l;d]G6sf]
ahf/ lx:;f cToGt pT;fxhgs /x]sf] 5 . pBf]un] pTkfbg ug]{ lSn+s/ tyf l;d]G6n] :yflgo ahf/df
cu|:yfg cf]u6\g ;kmn ePsf] 5 . g]kfndf :yflkt cGo pBf]ux?n] klg o; sDkgLnfO{ d'Vo sDkgL /
d'Vo a|f08sf ?kdf x]g{] u/]sf 5g\ . ca ;~rfngdf cfpg] pBf]ux?af6 cjnDag ul/g] ahf/ lj:tf/sf
of]hgfx?nfO{ rgfvf] ?kdf x]/L cfufdL lbgdf ahf/df cfˆgf] l:ylt lnl8Ë a|f08sf ?kdf :yflkt /xg]
ljZjf; sDkgLn] lnPsf] 5 .
o; sDkgL / cGo ;dfg pBf]ux? aLr xfn;Dd ePsf] t'ngfTds l:yltnfO{ tYofÍ ;lxt b]xfo adf]lhd
k|:t't ul/Psf] 5 M
l;d]G6sf] jflif{s pTkfbg cf=j= )&(÷*) sf]
cfˆg} Rf'g9'Ëf
qm=;+= sDkgLsf] gfd Ifdtf l;d]G6 laqmL
vfgL eP÷gePsf]
-d]l6«s 6gdf_ -d]l6«s 6gdf_
s_ ;jf]{Qd l;d]G6 ln= (,(),))) $,*%,*)@=$( ePsf]
-!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}–;+:yfsf] s"n jflif{s sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] jf
Joj;fosf] nflu sDkgL s'g} k|d'v u|fxs;Fu lge{/ 5 eg] tT;DaGwL ljj/0f_ M ;f] gePsf] .
-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}–;+:yfsf] s"n sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] ;Knfo;{
jf Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] tT;DaGwL ljj/0f_ M ;f] gePsf] .

u=#= v= ;DklQsf] ljj/0f M


-s_ ;+ul7t ;+:yfsf] pks/0f -KnfG6_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M gjnk/f;L lhNnfdf
cjl:yt ;jf]{Qd l;d]G6 lnld6]8sf] gfddf ;[hgf e} ;s]sf] rn crn ;DklQsf] @)*) cfiff9 d;fGt;Ddsf] ljj/0f
lgDgfg';f/ pNn]v ul/Psf] 5M
;DklQ tyf pks/0f -?= xhf/df_
hUuf
tyf sDKo"6/ ;jf/L kmlg{r/ KnfG6 tyf sfof{no x]le vfgL cGo
;d"x hUuf Ejg tyf P08 O{lSjKd]G6\ hDdf
af6f] P;];l/h ;fwg lkmS:r/ d]l;g/L pks/0f ; ljsf; ;DklQ
ljsf;
u|; Ans
@)&& >fj0f )! 65,952 79,909 2,624,652 11,144 44,938 57,582 6,426,598 15,021 180,609 53,559 8,039 9,568,003
o; jif{df yk 175,627 5,800 308,087 3,854 5,620 2,418 1,216,397 3,237 43,169 59,716 4,899 1,828,824
vl/b
clwu|x0f 175,627 5,800 13,126 3,854 5,620 2,418 132,318 3,237 43,169 59,716 4,899 449,784
k"Flhs[t - - 294,960 - - - 1,084,079 - - - - 1,379,040
o; jif{df laqmL - - - (116) (2,748) - - - - - - (2,864)
;dfof]hg÷k"g - - - - - - - - - - -
d{"NofÍg
@)&* cfiff9
d;fGtsf] 241,579 85,709 2,932,738 14,882 47,810 60,001 7,642,995 18,257 223,778 113,275 12,938 11,393,963
Aofn]G;
o; jif{df yk - - 397,060 2,256 4,331 3,073 168,921 4,302 80,639 39,253 208 700,042
vl/b
clwu|x0f - - 33,731 2,256 4,331 3,073 23,404 4,302 80,639 39,253 208 191,197
k"Flhs[t - - 363,328 - - 145,517 - - - - 508,846
o; jif{df laqmL - - - - - (3,577) - (6,879) - - (10,456)
;dfof]hg÷k"g - - - - - - - - - - -
d{"NofÍg
@)&( cfiff9
d;fGtsf] o; 65,952 85,709 3,316,242 16,993 47,425 63,074 7,808,339 22,559 277,587 150,826 8,039 11,862,746
jif{df yk vl/b
o; jif{df yk 336,854.2 - - 418.9 - 35.4 - 6,812.5 7,271.2 15.2 - 351,407.4
vl/b
14
clwu|x0f - - - 418.9 - 35.4 - 6,812.5 7,271.2 15.2 - 14,553.2
k"Flhs[t
o; jif{df laqmL
;dfof]hg÷k"g 33,6854.2 336,854.2
d{"NofÍg
@)*) cfiff9 402,806.3 85,709.1 3,316,242.5 17,412.0 47,425.3 63,109.0 7,808,339.1 29,372.0 284,857.9 150,841.4 8,039.0 12,214,153.7
d;fGtsf] o;
x|f;s§L tyf -
xfgL
@)&& >fj0f )! - - 485,610 7,698 18,620 34,417 2,452,168 11,806 86,485 2,189 5,625 3,098,993
o; jif{sf] - - 87,507 2,427 7,355 7,459 437,531 1,033 23,106 3,431 1,155 569,849
x|f;s§L
o; jif{sf] xfgL - - - - - - - - - -
laqmL - - - (2) (252) - - - - (254)
;dfof]hg - - - - - - - - - -
@)&* cfiff9
d;fGtsf] - - 573,117 10,123 25,723 41,876 2,889,700 12,839 109,590 5,620 6,780 3,675,367
Aofn]G;
o; jif{sf] - - 98,099 2,810 8,340 7,925 518,101 1,857 28,685 6,379 1,737 673,932
x|f;s§L
o; jif{sf] xfgL - - - - - - - - - - - -
laqmL - - - - - - (2,568) - (6,002) - - (8,570)
;dfof]hg - - - - - - - - - - - -
@)&( cfiff9
d;fGtsf] - - 671,216 12,933 34,062 49,801 3,405,232 14,695 132,274 11,999 8,516 4,340,729
Aofn]G;
o; jif{sf] - - 5,0225 3,121 4,766 1010 163,073 2,911 19,056 5,413 800 250,375
x|f;s§L
o; jif{sf] xfgL
laqmL
;dfof]hg
@)*) cfiff9
d;fGtsf] - - 721,430 15,988 37,977 50,811 3,568,305 17,609 148,217 17102 7,888 4,585,324
Aofn]G;
sfo{ut k"FhL– - - 321,731 - - - 74,444 - - - - 396,175
@)&*÷)#÷#!
sfo{ut k"FhL– - - - - - - - - - - - -
@)&(÷)#÷#!
sfo{ut k"FhL– 51,382 522,253 573,635
@)*)÷)#÷#!
s'n a's Eofn'
@)&* cfiff9 241,579 85,709 2,681,352 4,759 22,087 18,125 4,827,740 5,419 114,188 107,655 6,158 8,114,770
d;fGt
@)&( cfiff9 241,579 85,709 2,658,582 4,204 18,078 13,273 4,403,107 7,864 165,264 140,529 4,630 7,742,821
d;fGt
@)*) cfiff9 402,806 857,09 2,646,195 1,424 9,448 12,298 4,762,287 11766 136,641 133,739 152 820,2465
d;fGt

-v_ a'Fbf g+=-!_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfˆg} ;DklQ xf] of lnhdf lnPsf], lnhdf lnPsf] eP lnhsf]
cjlw ldlt ;d]t pNn]v ug'{kg]{ M sDkgLsf] cfˆg} ;DklQ /x]sf] .
kl/of]hgf lgdf{0f tyf ;~rfngsf nflu vl/b ul/Psf]] hUufx?sf] ljj/0f M
qm=;+= ljj/0f lsQf g+= If]qkmn hUufwgL
! ;'gjn g=kf= !!, gjnk/f;L !$% )–$–)–)
@ ;'gjn g=kf= !!, gjnk/f;L !#^ )–^–!)–)
# ;'gjn g=kf= !!, gjnk/f;L !#( )–)–!%–)
$ ;'gjn g=kf= !!, gjnk/f;L !$@ )–@–!)–)
% ;'gjn g=kf= !!, gjnk/f;L !$) )–)–!%–)
^ ;'gjn g=kf= !!, gjnk/f;L !$# )–@–@–@
& ;'gjn g=kf= !!, gjnk/f;L @* )–!)–)–)
* ;'gjn g=kf= !!, gjnk/f;L !)) )–$–!)–)
( ;'gjn g=kf= !!, gjnk/f;L #& )–#–)–)
!) ;'gjn g=kf= !!, gjnk/f;L %& )–&–)–)
!! ;'gjn g=kf= !!, gjnk/f;L !#% )–&–)–)
15
!@ ;'gjn g=kf= !!, gjnk/f;L !!! )–@–!)–)
!# ;'gjn g=kf= !!, gjnk/f;L %# )–*–!)–)
!$ ;'gjn g=kf= !!, gjnk/f;L !$( )–$–#–)
!% ;'gjn g=kf= !!, gjnk/f;L *( )–(–!&–@ ;jf]{Qd l;d]G6 ln=
!^ ;'gjn g=kf= !!, gjnk/f;L !!& )–)–&–)
!& ;'gjn g=kf= !!, gjnk/f;L !#) )–)–!)–)
!* ;'gjn g=kf= !!, gjnk/f;L !#@ )–)–!)–)
!( ;'gjn g=kf= !!, gjnk/f;L !#$ )–)–!)–)
@) ;'gjn g=kf= !!, gjnk/f;L !@* )–!–)–)
@! ;'gjn g=kf= !!, gjnk/f;L !$$ )–!–)–)
@@ ;'gjn g=kf= !!, gjnk/f;L *@ )–!@–)–)
@# ;'gjn g=kf= !!, gjnk/f;L $! )–*–)–)
@$ ;'gjn g=kf= !!, gjnk/f;L !%! )–@–)–)
@% ;'gjn g=kf= !!, gjnk/f;L !%) )–@–)–)
@^ ;'gjn g=kf= !!, gjnk/f;L %( )–*–)–)
@& ;'gjn g=kf= !!, gjnk/f;L !!# )–@–(–)
@* ;'gjn g=kf= !!, gjnk/f;L !)# )–#–)–)
@( ;'gjn g=kf= !!, gjnk/f;L !%@ )–@–)–)
#) ;'gjn g=kf= !!, gjnk/f;L !%# )–@–)–)
#! ;'gjn g=kf= !!, gjnk/f;L &$ )–%–)–)
#@ ;'gjn g=kf= !!, gjnk/f;L (( )–&–)–)
## ;'gjn g=kf= !!, gjnk/f;L ^^ )–!)–)–)
#$ ;'gjn g=kf= !!, gjnk/f;L (& )–!–)–)
#% ;'gjn g=kf= !!, gjnk/f;L #* )–@–)–)
#^ ;'gjn g=kf= !!, gjnk/f;L !#& )–^–!)–)
#& ;'gjn g=kf= !!, gjnk/f;L %% )–!!–&–)
#* ;'gjn g=kf= !!, gjnk/f;L (* )–*–!&–@
#( ;'gjn g=kf= !!, gjnk/f;L &) )–$–)–)
$) ;'gjn g=kf= !!, gjnk/f;L (! )–#–!^–)
$! ;'gjn g=kf= !!, gjnk/f;L (# )–!–$–)
$@ ;'gjn g=kf= !!, gjnk/f;L !@( )–)–!)–)
$# ;'gjn g=kf= !!, gjnk/f;L !#! )–)–!)–) ;jf]{Qd l;d]G6 ln=
$$ ;'gjn g=kf= !!, gjnk/f;L !## )–)–!)–)
$% ;'gjn g=kf= !!, gjnk/f;L !%% )–!–)–)
$^ ;'gjn g=kf= !!, gjnk/f;L !$& )–@–!)–)
$& ;'gjn g=kf= !!, gjnk/f;L !@) )–)–!^–#
$* ;'gjn g=kf= !!, gjnk/f;L %* )–!)–)–)
$( ;'gjn g=kf= !!, gjnk/f;L #( )–%–)–)
%) ;'gjn g=kf= !!, gjnk/f;L @& )–(–!%–)
%! ;'gjn g=kf= !!, gjnk/f;L $^ )–*–)–)
%@ ;'gjn g=kf= !!, gjnk/f;L &# )–!–!)–)
%# ;'gjn g=kf= !!, gjnk/f;L *) )–#–^–)
hDdf !!–#–$–%

-u_ olb ;DklQ ;+ul7t ;+:yfsf] :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL ljj/0fM
z'?df ldlt @)^(÷!)÷!* -tbg';f/ hgj/L #!, @)!#_ df ln8 a}+s k|fO{d sdlz{on a}+s ln= tyf ;xljQLos/0f a}+sx?
qmdzM g]kfn a}+s ln=, g]kfn OGe]i6d]06 d]uf a}+s ln=, /fli6«o jfl0fHo a}+s ln= / k|e' a}+s ln= aLr ePsf] C0f ;Demf}tf
adf]lhd pQm a}+sx?af6 kl/of]hgf lgdf{0f tyf ;+rfngsf nflu shf{ lnPsf]df xfn ?=$,)%,(%,$),&^)÷– -cIf/]kL rf/ ca{
kfFr s/f]8 kGrfgAa] nfv rfln; xhf/ ;ft ;o ;f7L ?k}ofF dfq_ shf{ nufgLdf /lx/x]sf] / pQm shf{ / ;f] sf] Aofh tyf
cGo b:t'/ ;d]t vfDg] u/L ;'/If0f jfkt sDkgLsf] gfddf xfn /x]sf] / cfof]hgfsf] rn crn ;DklQ sDkgLsf] gfddf /x]sf]
gjnk/f;L lhNnf ;'gjn l:yt kl/of]hgfsf] gfddf /xsf] !!–#–$–% If]qkmn hUuf pQm a}+sx?sf] gfddf b[li6aGwssf] lnvt
/lhi6«]zg kfl/t ul/Psf] 5 .
-3_ ljj/0fkq af]8{df k]z ul/Psf] ldltdf ;+ul7t ;+:yfsf] ;DklQsf] lstfjL d"No / ahf/ d"No aLr km/s ePdf ;f] sf]
ljj/0f M gjnk/f;L lhNnf ;'gjn l:yt sDkgLsf] gfddf /xsf] !!–#–$–% If]qkmn a/fa/sf] hUufsf] k/n d"No

16
?=^%,(%@,)**÷– /x]sf]df ;f] hUufsf] k"g{d"NofÍg kZrft\ a's Eofn' ?=$)@,*)^,@&%.– sfod ePsf] tyf cGo ;DklQx?sf]
d'No k/ndf]ndf g} /flvPsf] / k'gd{"NofÍg ul/Psf] 5}g .
-ª_ ;DklQsf] d"NofÍg ul/Psf] t/Lsf ;DaGwL ljj/0f M sDkgLsf] ;Dk"0f{ ;DklQx? P]ltxfl;s nfut d'Nodf x|f;s§L u/L
d'NofÍg ul/Psf] .
u=#=u= efjL of]hgf tyf /0fgLlt M
-s_ Joj;fo÷;]jfsf] j[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4 /0fgLlt M
pTkfbg ljljlws/0f ug]{, pBf]u;Fu ;DalGwt vfgLx?sf] cg';Gwfg tyf ljsf; ug]{, yk vfgL If]qx?sf] cg'dlt
lnO{ r'g9'Ëf / cfO/gcf]/sf] Joj:yfkg bL3{sflng ?kdf k|aGw ug]{, pBf]usf] Ifdtf lj:tf/ ug]{ tyf pko'Qm
cGo :yfgdf zfvf pBf]u vf]nL ;~rfng ug]{ of]hgf sDkgLsf] /x]sf] 5 . ;fy}, cGo of]hgfx? b]xfo cg';f/
/x]sf 5g\ .
-!_ sDkgLsf] d'Vo p2]Zo g]kfnsf] l;d]G6 pBf]u ljsf;df Ps cu|0fL sDkgLsf] ?kdf :yflkt ug'{ /x]sf] 5 .
-@_ sDkgLsf] KnfG6 tyf pTkfbg IfdtfnfO{ j[l4 ug]{ tyf ;f]xL cg';f/ ahf/ lj:tf/ ug]{ .
-#_ u'0f:t/Lo pTkfbgnfO{ k|fyldstfdf /fvL b]z ljsf;, k'g{lgdf{0f tyf ef}lts k'jf{wf/ lgdf{0fdf dxTjk"0f{
e"ldsf lgjf{x ug]{ .
-$_ l;d]G6;Fu ;DalGwt vlgh kbfy{x?sf] cGj]if0f tyf ljsf; / pTvgg\ sfo{ ug]{ .
-%_ cGo l;d]G6 pTkfbsx?nfO{ k/fdz{ ;]jf tyf O{SjLkd]06 pknAw u/fpg] .
pQm of]hgfx? k|fKtLsf nflu xfn;Dd sDkgLn] b]xfo adf]lhdsf sfo{x? u/]sf] 5 M
-!_ sDkgLn] cfˆgf] pTkfbgx?df u'0f:tl/otf sfod u/L lgdf{0f hutsf] ljZjf; lhTg'sf] ;fy} pNn]Vo ?kdf
;jf]{Qd l;d]G6sf] a|f08;Fu sfo{ ul//x]sf] 5 . ahf/ lj:tf/nfO{ pRr dxTj lbO{ laqmL kl5sf] k|fljlws
;]jfsf nflu ljz]if1 O{lGhlgo/x?sf] 6f]nL lgdf{0f:yndf g} k'uL lgMz'Ns ?kdf ;]jf k|bfg ug{] sfo{ ljut
jif{x?b]lv ;~rfng ug{] Ps dfq l;d]G6 pTkfbs sDkgLsf] ?kdf /x]sf] 5 .
-@_ b}lgs !,!() d]= 6g l;d]G6 / !,@)) d]= 6g lSn+s/af6 pTkfbg z'? u/]sf] pBf]un] cfˆgf] pTkfbg Ifdtf
lj:tf/ ub{} nuL xfn b}lgs #,))) d]= 6g l;d]G6 / #,))) d]= 6g lSn+s/ pTkfbg tyf ljqmL ljt/0f
ul//x]sf] 5 .
-#_ gjnk/f;L, lrtjg, kfNkf, wflbª / nlntk'/ nufotsf lhNnfx?df ;Defljt r'g9'Ëf vfgL:ynx?sf] yk
klxrfgsf nflu k|fyflds r/0fsf sfo{x? ul//x]sf] 5 .
-$_ sDkgLn] eljiodf nufgLsf ;DefJotfx? cWoog u/L gfkmfd"ns cfof]hgfx? klxrfg ug]{ tyf To:tf
cfof]hgfx?df nufgL u/L Jofkf/ lj:tf/ ug{ ;Sg]5 .
-%_ sDkgLsf] k|If]lkt ul/Psf] ;doj4 /0fgLltx? b]xfo adf]lhd /x]sf] 5 M–
qm=;+= ljj/0f cf=j= @)*)÷*! cf=j= @)*!÷*@ cf=j= @)*@÷*#
!= Ifdtf pkof]u
-s_ l;d]G6 pTkfbg &%% *)% *%%
-v_ lSn+s/ pTkfbg *@% *^% ()%
@= Ifdtf lj:tf/
sf]zL k|b]zdf Ps
-s_ u|fl08Ë PsfOsf] k|fKtL -!_ OsfO{ k|fKtL ug]{ . ;'b"/ klZrd k|b]zdf Ps -!_ OsfO{ k|fKtL ug]{ .
! j6f gofF r'g9'Ëf
-v_ r'g9'Ëf vfgL cGj]if0f cfjZos vf]h tyf cGj]if0f u/L gofF r'g9'Ëf
vfgLsf] O{hfhtkq
/ O{hfhtkq vfgLsf] O{hfhtkq lng] .
lng] .
-u_ gofF nufgL l;d]G6sf] vfnL af]/f, l;d]G6sf] af]8{ / RMC KnfG6 :yfkgf ug]{ .
#= lgof{t
-s_ s"n laqmL dWo]
!)% !%% @)%
lgof{taf6 k|fKt x'g] lx:;f
-v_ l;d]G6sf] nflu ef/tLo ef/tLo l;d]G6 a|f08 sDkgLx?;Fu ;xsfo{ u/L cfjZostf cg';f/
a|f08;Fusf] ;xsfo{ . a|f08 yk ug]{ of]hgf /x]sf] .

-v_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df sDkgLsf] Joj;fosf] eljioM
b]zdf dfu adf]lhd l;d]G6 pTkfbg ug{' cfkm}df ;/fxlgo sfd ePsf] / l;d]G6 pTkfbg ;Fu} dfu klg lgwf{/0f
x'g] / ;f]xL cg';f/ u|fxs ;d]t klxrfg eO{ ahf/df ;xh} laqmL ljt/0f x'g] cj:yf /x]sf] x'Fbf o; If]qdf cGo
17
;dfg lsl;dsf pBf]u;Fu k|lt:kwf{ /x]tf klg dfu adf]lhdsf] u'0f:t/Lo l;d]G6sf] cfk"lt{ x'g g;s]sf] cj:yfdf
o; sDkgLn] pTkfbg ug{] l;d]G6 pRr u'0f:t/sf] ePsf] / laqmL kl5sf] lgMz'Ns k|fljlws ;Nnfx, kl/of]hgf
cg';f/sf] ljZj:t/sf ljleGg u|]8 / u'0f:t/sf sf/0f o; sDkgLn] cfkm"nfO{ ahf/df ;jn pBf]usf] ?kdf
:yflkt u/fpg ;kmn ePsf] 5 . o; sDkgLn] u'0f:t/nfO{ k|fyldstf lbO{ pTkfbg ug]{ x'gfn] ;d]t o;
sDkgLaf6 pTkflbt l;d]G6n] ahf/df cfkm"nfO{ :yflkt u/fpg ;Dej ePsf] xf] . To;}u/L sDkgLn] ljleGg
a}+sx?af6 lnPsf] bL3{sflng bfloTjsf C0fdWo] @)*) cfiff9 d;fGt;Dd em08} (%=!* k|ltzt eGbf a9L C0f
r'Qmf ul/;s]sf] ;Gbe{df ev{/} :yfkgf ePsf Pj+ klxn] b]lv g} ;~rfngdf /lx/x]sf l;d]G6 OG8li6«hx?sf]
t'ngfdf sDkgL cfˆgf] Joj;fo lj:tf/ Pj+ ljljlws/0fsf nflu lxhf]sf lbgeGbf yk ;an / ;Ifd eP/ cfPsf]
5.
g]kfnL ahf/df :jb]zL pBf]ux?af6 pTkflbt l;d]G6 pknAw ePtf klg ef/t nufotsf b]zx?af6 l;d]G6 tyf
lSn+s/ cfoft eO{/x]sf] cj:yf ljBdfg g} 5 . ljb]zaf6 cfofltt l;d]G6sf] kl/df0fnfO{ k|lt:yfkg ug{ ;s] pQm
ahf/ lx:;f :jtM g]kfnL pBf]ux?n] k|fKt ug{]5g\ .
u=#=3= ;~rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DaGwL Joj:yf M
sDkgLsf] lgodfjnLsf] lgod -@&_ df ePsf] Joj:yf cg';f/ & -;ft_ hgf ;~rfns ;b:o /x]sf] ;~rfns ;ldlt
u7g x'g] Joj:yf /x]sf] 5 . h; cg';f/ ;~rfns ;ldlt b]xfo adf]lhd /x]sf] 5 M
;+:yfks z]o/wgLx?sf] tkm{af6 k|ltlglwTj x'g] ;~rfns % hgf
;j{;fwf/0f z]o/wgLx?sf] tkm{af6 k|ltlglwTj x'g] ;~rfns ! hgf
:jtGq Joj;flos ;~rfns ! hgf
hDdf & hgf
gf]6M sDkgLn] a's ljlN8Ë ljlw dfkm{t of]Uo ;+:yfut nufgLstf{, pBf]u k|efljt If]qsf :yfgLo afl;Gbf, j}b]lzs
/f]huf/Ldf /lx/x]sf g]kfnL gful/s tyf ;j{;fwf/0f nufotdf lwtf]kq lgisfzg u/L afF8kmfF8 u/] kZrft\
sfod x'g] z]o/wgLx? ;d]tsf] pkl:yltdf ;DkGg x'g] ;fwf/0f;ef kZrft\ ;~rfns ;ldltsf] ;+/rgf
lgodfjnLsf] lgod @& df ePsf] Joj:yf cg';f/ x'g]5 . xfnnfO{ :jtGq Joj;flos ;~rfnssf] kb l/Qm
/x]sf] 5 .
sDkgLsf] lgodfjnLsf] lgod -@&_ df ePsf] Joj:yf cg';f/ ;~rfns x'gsf] nflu sDtLdf !)) -Ps ;o_
lsQf z]o/ cfˆgf] gfddf vl/b u/]sf] x'g'kg{]5, t/ g]kfn ;/sf/ jf sDkgLsf] k|ltlglwTj ug]{ ;~rfns /
:jtGq Joj;flos ;~rfnssf] xsdf pk/f]Qm Joj:yf nfu' x'g] 5}g eGg] pNn]v ePsf] 5 .

u=$ k"FhL ;+/rgf ;DaGwL hfgsf/L M


-s_ clws[t, hf/L tyf r'Qmf kF"hL / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
clws[t kF"hL M sDkgLsf] clws[t kF"hL ?=%,))),))),))).– -cIf/]kL kfFr ca{ ?k}+of_ /x]sf] 5 . pQm k"FhLnfO{
k|lt z]o/ c+lst d"No ?=!)).– sf b/n] %),))),))) -kfFr s/f]8_ yfg z]o/df ljefhg ul/Psf] 5 .
hf/L kF"hL M sDkgLsf] hf/L k"FhL ?=$,^%),))),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8 ?k}ofF_ /x]sf] 5 . pQm
k"FhLnfO{ k|lt z]o/ c+lst d"No ?=!)).– sf b/n] $^,%)),))) -rf/ s/f]8 k}+;¶L nfv_ yfg z]o/df ljefhg
ul/Psf] 5 .
r'Qmf kF"hL M sDkgLsf] r'Qmf k"FhL ?=$,)%),))),))).– -cIf/]kL rf/ ca{ kfFr s/f]8 ?k}ofF_ /x]sf] 5 . pQm
k"FhLnfO{ k|lt z]o/ c+lst d"No ?=!)).– sf b/n] $),%)),))) -rf/ s/f]8 kfFr nfv_ yfg z]o/df ljefhg
ul/Psf] 5 . of]Uo ;+:yfut nufgLstf{nfO{ 5'§fOPsf] @,$)),))) lsQf z]o/ afF8kmfF8 u/] kZrft\ sDkgLsf]
r'Qmf k"FhL ?=$,@(),))),))).– -cIf/]kL rf/ ca{ pgfGtL; s/f]8 ?k}ofF_ k'u]sf]] / ;j{;fwf/0f -pBf]u tyf
vfgL pTvgg\ k|efljt If]qsf :yflgo afl;Gbfx? ;d]t_ nfO{ 5'§fOPsf] #,^)),))) lsQf z]o/ lgisfzg u/L
afF8kmfF8 u/] kZrft\ sDkgLsf] r'Qmf k"FhL ?=$,^%),))),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8_ x'g]5 .
;+:yfsf] :yfkgf kZrft\ clws[t, hf/L tyf r'Qmf kF"hLdf kl/jt{g ;DaGwL ljj/0f M
cf=j= clws[t k"FhL -?=_ hf/L k"FhL -?=_ r'Qmf k"FhL -?=_ s}lkmot
sDkgL /lhi6«f/sf] sfof{nosf] ldlt
@)&&÷)&* %,))),))),))).)) $,^%),))),))).)) $,)%),))),))).))
@)&*÷)#÷#) ut]sf] kqfg';f/ .
sDkgL /lhi6«f/sf] sfof{nosf] ldlt
@)&^÷)&& $,))),))),))).)) @,@%),))),))).)) !,(*),))),))).))
@)&&÷!)÷)^ ut]sf] kqfg';f/ .
@)&%÷)&^ $,))),))),))).)) @,@%),))),))).)) !,(*),))),))).)) sDkgL /lhi6«f/sf] sfof{nosf] ldlt
18
@)&^÷)$÷@@ ut]sf] kqfg';f/ .
sDkgL /lhi6«f/sf] sfof{nosf] ldlt
@)&$÷)&% $,))),))),))).)) !,(*),))),))).)) !,(*),))),))).))
@)&%÷)*÷)^ ut]sf] kqfg';f/ .
gf]6 M ldlt @)&&÷)*÷@# df ;DkGg sDkgLsf] ljz]if ;fwf/0f;efsf] lg0f{o cg';f/ xsk|b z]o/ lgisfzg
hf/L u/L ldlt @)&&÷!)÷)^ df sDkgL /lhi6«f/ sfof{noaf6 r'Qmf k"FhLdf ;+zf]wg u/L ;f]xL adf]lhd
sfod ul/Psf] / cf=j=@)&&÷)&* df xsk|b z]o/ jfkt ?=!,$@),))),))).– k|fKt eO{ sDkgLsf]
tTsfn r'Qmf k"FhL ?=#,$)),))),))).– k'u]sf], ;fy} ldlt @)&*÷)#÷!) df ;DkGg ljz]if
;fwf/0f;efsf] lg0f{o cg';f/ ?=^%),))),))).– a/fa/sf] af]gz z]o/ k|bfg u/L cf=j= @)&&÷)&* df
r'Qmf k"FhL ?=$,)%),))),))).– sfod ePsf] .
-v_ lgisfzg kl5sf r'Qmf kF"hL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M sDkgLsf] k|aGwkqsf] bkmf -^_ df
pNn]v eP cg';f/ ;j{;fwf/0fx?df ;fwf/0f z]o/ lgisfzg u/L afF8kmfF8 u/] kZrft\ x'g] sDkgLsf] r'Qmf
kF"hLsf] ;+/rgf b]xfo adf]lhd /x]sf] 5 M
qm= k"FhL ;+/rgf
z]o/wgL z]o/ ;+Vof r'Qmf /sd -?=_ e'QmfgL k|ltzt
;+= -k|ltztdf_
!= ;+:yfks z]o/wgL $),%)),))) $,)%),))),))).)) *&=)(^&% Zftk|ltzt
@= ;j{;fwf/0f ;d"x
;fj{hlgs lgisfzg kZrft\
@,^&),))) @^&,))),))).)) %=&$@)%
-sd{rf/Lx? ;lxt_ r'Qmf x'g] .
of]Uo ;+:yfut
#= nufgLstf{ @,$)),))) @$),))),))).)) %=!^!#% ztk|ltzt e'QmfgL e};s]sf] .
:yfgLo afl;Gbfx?
;fj{hlgs lgisfzg kZrft\
$ -pBf]u tyf r'g9'Ëf vfgL (#),))) (,#))),)))=)) @% r'Qmf x'g] .
pTvgg\ k|efljt If]q_
hDdf $^,%)),))) $,^%),))),)))=)) !))%
gf]6 M pBf]u tyf r'g9'Ëf vfgL pTvgg\ k|efljt If]qsf :yfgLo afl;Gbfx?sf nflu lgisfzg ul/Psf] (,#),))) lsQf dWo]
@,$*,$&) lsQf z]o/sf nflu dfq l/tk"j{s cfj]bg k|fKt ePsfn] pQm z]o/ afF8kmfF8 u/L afFsL /x]s f] ^*!,%#) lsQf
;j{;fwf/0fdf lgisfzg ul/g] z]o/ lsQfdf ;dfof]hg ul/Psf] .
-u_ z]o/ lk|ldod vftf -lgisfzg k"j{ / lgisfzg kZrft\_ M z]o/ lk|ldod vftfsf] Joj:yf b]xfo adf]lhd
/x]sf] M
z]o/ lk|ldod vftf -lgisfzg k"j{_ M
a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf -!#_ adf]lhd a's ljlN8Ë ljlw cGtu{t k|yd r/0fdf of]Uo ;+:yfut
nufgLstf{x?nfO{ @$,)),))) lsQf z]o/ af]nsaf]n k|0ffnL dfkm{t lgisfzg u/L afF8kmfF8 ubf{ ?=$)!.)) df
pQm ;Dk"0f{ z]o/ laqmL eO{ s6 ckm d"No ?=$)!.)) lgwf{/0f ePsf] / ;f]xL lgb{]lzsfsf] bkmf -!$_ df ePsf]
Joj:yf adf]lhd ;j{;fwf/0fnfO{ lwtf]kq hf/L ubf{ s6 ckm d'Nodf !) k|ltzt 5'6 lbO{ lgisf;g ubf{ sfod
x'g cfpg] k|lt z]o/ d"No ?=#^).() sf] b/df ;j{;fwf/0fdf lgisfzg ul/g] #,^)),))) -5QL; nfv dfq_
lsQf ;fwf/0f z]o/ lgisfzg ubf{ z]o/ lk|ldod jfkt b]xfo cg';f/sf] /sd k|fKt x'g] b]lvG5 .
lgisflzt z]o/ lk|ldod jfkt
qm=;+ ljj/0f k|fKt x'g] /sd k|fKt x'g] /sd -?=_ s}lkmot
z]o/ ;+Vof
-k|lt lsQf_ -?=_
@,$)),)) /sd k|fKt
!= of]Uo ;+:yfut nufgLstf{ #)!.)) &@@,$)),))).))
) e};s]sf]
;j{;fwf/0f -pBf]u k|efljt If]qsf afl;Gbf, j}b]lzs lgisfzg
@= /f]huf/Ldf /x]sf g]kfnL gful/s, sDkgLsf #,^)),))) @^).() (#(,@$),))).)) kZrft\ k|fKt
sd{rf/L tyf ;fd"lxs nufgL sf]if ;d]t_ x'g]
hDdf !,^^!,^$),))).))

3_ sDkgLsf] hf/L k"FhL dWo]sf] *&=)(^&Ü cyf{t $),%)),))) -rf/ s/f]8 kfFr nfv_ yfg z]o/ ;+:yfks
;d"xdf / !@=()##Ü cyf{t ^,))),))) -;f7L nfv_ yfg z]o/ ;j{;fwf/0fsf nflu 5'6\ofO{Psf] 5 .

19
u=%= ;+:yfks÷;DaGwL hfgsf/L M
u=%=s= ;+:yfks÷;~rfnssf] k[i7e"dL M
-s_ cfwf/e"t z]o/wgLx? tyf ;~rfnsx?sf] gfd, kb, pd]/, /fli6«otf, 7]ufgf, z]o/ :jfldTj, z}lIfs of]Uotf, cg'ej,
/ k|:tfljt Jofkf/÷Joj;fodf cg'ej M
cfwf/e"t z]o/wgLsf] ljj/0f M
qm=;+= gfd / 7]ufgf kb pd]/ /fli6«otf z]o/ :jfldTj÷k|ltztz}lIfs of]Uotf k|:tfljt Jofkf/÷Joj;fo cGo sfo{ cg'ej
! >L lai0f' cWoIf %* g]kfnL !!,&#$,@&( l;len —hubDaf l;d]G6 O{08li6«h k|f= —tTsflng sdh{ P08 6«i6
k|;fb Gof}kfg] -@*=(&Ü_ OlGhlgo/ ln= sf] k"j{ cWoIf . a}+s ln= sf] k"j{ ;~rfns .
?kGb]xL lhNnf, -la=O{=_ —z'e >L hubDaf l;d]G6 ldN; —z'e >L hubDaf l;d]G6
l;4fy{gu/ k|f= ln=sf] k"j{ cWoIf . ldN; k|f= ln= sf] k"j{ cWoIf .
g=kf= j8f g+= —ljut b'O{ bzsb]lv ;f}/e
!( u'\|k cGtu{tsf ljleGg pBf]u,
Jofkf/ Joj;fox?df cfj4
/xL ;~rfns tyf
Joj:yfklso txsf] sfo{
cg'ej .
—hubDaf l:klgË ldN; k|f=
ln= sf] jt{dfg cWoIf .
—;f}/e lrof pBf]u k|f= ln=sf]
jt{dfg cWoIf .
—;f}/e kmf]6f] OG6/g];gnsf]
k|f]kfO6/ .
@ >L ldgf z]o/wgL %! g]kfnL (,@)$,@@) k|df0fkq tx —;jf]{Qd\ l;d]G6 ln= sf] k"j{ —OlG6lu|6L df]laln6L ;f]n';g
s'df/L -@@=&#Ü_ ;~rfns . k|f=ln= sf] ;~rfns .
cu|jfn —cfOPdP; Pu|f] k|f= ln=sf]
sf=lh=sf=d= ;~rfns .
g=kf= j8f g+= —cfOPdP; 8]enk/ k|f= ln=sf]
@% ;~rfns .
—cfOPdP; jN8{ k|f= ln=sf]
;~rfns .
—x]l/6]h OG6/g]zgn k|f= ln=
sf] ;~rfns .
—;nf]gL 6]«8 sG;g{ k|f= ln=sf]
;~rfnssf] ?kdf cfj4 /xL
ljleGg pBf]u Jofkf/ If]qdf
@) jif{eGbf a9Lsf]
sfof{g'ej Pj= ljleGg
pBf]u, Jofkf/, Joj;fo
;d]tsf] cg'ej .
# >L b'uf{ k|;fb z]o/wgL ^! g]kfnL #,()#,$*% k|df0fkq tx —hubDaf l;d]G6 O{=k|f= sf] k"j{ —hubDaf ;]Gy]l6S; k|f= ln=sf
Gof}kfg] -(=^$Ü_ ;~rfns . jt{dfg cWoIf .
?kGb]xL —z'e >L hubDaf l;d]G6 ldN; —l8 lk Pg OG6/k|fOh]hsf]
lhNnf, k|f= ln=sf k"j{ ;~rfns . k|f]kfO6/ .
l;4fy{gu/ —;jf]{Qd l;d]G6 ln= sf] k"j{ —ljut b'O{ bzsb]lv ;f}/e
g=kf= j8f g+= ;~rfns . u|'k cGtu{tsf ljleGg pBf]u,
( Jofkf/ Joj;fox?df cfj4
/xL ;~rfns tyf
Joj:yfklso sfo{sf] cg'ej
.
—l;4]Zj/ ldg/N; k|f=ln=sf
jt{dfg cWoIf .
$ >L l6sf/fd ;~rfns %% g]kfnL #,()#,$*% P;=Pn=;L= —hubDaf l;d]G6 O{=k|f= ln=sf] —nIdL l:6N; k|f=ln=df xfn
Gof}kfg] -(=^$Ü_ k"j{ cWoIf . cWoIf .
?kGb]xL —z'e >L hubDaf l;d]G6 ldN; —ljut b'O{ bzsb]lv ;f}/e
lhNnf, k|f= ln=sf] k"j{ cWoIf . u|'ksf] cGtu{tsf ljleGg
l;4fy{gu/ pBf]u, Jofkf/ Joj;fox?df
g=kf= j8f g+= cfj4 /xL ;~rfns tyf
( Joj:yfklso sfo{sf] cg'ej
.
—;jf]{Qd ldg/N; k|f=ln= sf
jt{dfg cWoIf .
% >L t]l~hË ;~rfns $% g]kfnL @,&)*,!$) Pd=la=P= —;jf]{Qd l;d]G6 ln= sf] —g]l6e xf]6]n k|f= ln=sf]
nfSb]g tfdfª -^=^(Ü_ ;~rfnssf] ?kdf cfj4 /xL ;~rfns .
20
sf=lh=sf=d=g= ljleGg pBf]u Jofkf/ If]qdf
kf= j8f g+= !& !) jif{eGbf a9Lsf] sfo{
cg'ej .
^ >L g]xf z]o/wgL #! g]kfnL Pd=la=P — —Pe/]i6 kmdf:o'l6sn k|f=ln=
cu|jfn sf] k"j{ cWoIf .
sf=lh=sf=d=g= —Pe/]i6 Kof/]G6/N; k|f= ln=
kf= j8f g+= ! sf] k"j{ cWoIf .
—ljut b'O{ bzsb]lv ;f}/e
@,&#&,(!( u|'k cGtu{tsf ljleGg pBf]u,
-^=&^Ü_ Jofkf/ Joj;fox?df cfj4
/xL ;~rfns tyf
Joj:yfklso sfo{sf] cg'ej
.
—nIdL l:6N; k|f=ln= df xfn
;~rfns .
& >L s'GtL b]aL z]o/wgL &( g]kfnL ;fwf/0f — —;f}/e u|'kdf :yfkgf sfnb]lv
Gof}kfg] n]vk9 xfn;Dd sl/a b'O{ bzs
?kGb]xL lhNnf, !,(^*,$!( ;+/Ifssf] ?kdf cfj4
l;4fy{gu/ -$=*^Ü_ /xg'ePsf] .
g=kf= j8f g+=
(
* >L lzvf z]o/wgL @( g]kfnL Pd=la=P= — —nfOkm :6fOn sG;g{ k|f= ln=
cu|jfn sf] ;~rfns .
af/f lhNnf, @,&^!,&$@ —lhg ejfgL OG6/k|fOh]hsf]
sn}of g=kf= -^=*@Ü_ k|f]k|fO6/sf] ?kdf cfj4 /xL
j8f g+= % Jofkf/ If]qdf % jif{eGbf
a9Lsf] sfof{g'ej .

;~rfnsx?sf] ljj/0f
z]o/ z}lIfs k|:tfljt
qm=;+= gfd / 7]ufgf kb pd]/ /fli6«otf :jfldTj÷k|ltzt cGo sfo{ cg'ej
of]Uotf Jofkf/÷Joj;fo
! >L lai0f' cWoIf %* g]kfnL !!,&#$,@&( l;len —hubDaf l;d]G6 O{08li6«h —tTsflng sdh{ P08 6«i6 a}+s
k|;fb -@*=(&Ü_ OlGhlgo/ k|f= ln= sf] k"j{ cWoIf . ln= sf] k"j{ ;~rfns .
Gof}kfg] -la=O{=_ —z'e >L hubDaf l;d]G6 —z'e >L hubDaf l;d]G6 ldN;
-;+:yfks ldN; k|f= ln=sf] k"j{ k|f= ln= sf] k"j{ cWoIf .
;d"x_ cWoIf . —ljut b'O{ bzsb]lv ;f}/e u'\|k
?kGb]xL cGtu{tsf ljleGg pBf]u, Jofkf/
lhNnf, Joj;fox?df cfj4 /xL
l;4fy{gu/ ;~rfns tyf Joj:yfklso
g=kf= j8f txsf] sfo{ cg'ej .
g+= !( —hubDaf l:klgË ldN; k|f= ln=
sf] jt{dfg cWoIf .
—;f}/e lrof pBf]u k|f= ln=sf]
jt{dfg cWoIf .
—;f}/e kmf]6f] OG6/g];gnsf]
k|f]kfO6/ .
@ >L ladn ;~rfns %$ ef/lto %(,%%(÷ %(,%%( —;jf]{Qd\ l;d]G6 ln= sf] k"j{ s[i0f O{G6/g]zn k|f= ln= sDkgL
s'df/ !=@* % -!=@* %) k|ltlglw ;~rfns ;d]t /lhi6«f/sf] sfof{nodf btf{= g+=
;fj/lyof /xg' ePsf] . *@*$#÷)^&÷)^* cGtu{t
k|ltlglwTj– ldlt @)^* a}zfv !( ut] btf{
-s[i0f ePsf] sDkgL xf] . o;
O{G6/g]zn sDkgLsf] d'Vo p2]Zo :jb]z tyf
k|f=ln=sf ljb]zdf pTkflbt sDKo'6/,
tkm{af6_ On]s6«f]lgsn nufotsf
sf=lh=sf=d= ;fdfgx?sf] xf]n;]n tyf l/6]n
g=kf= j8f Jofkf/ ug]{ /x]sf] 5 .
g+=@(,
l8NnLahf/
# >L l6sf/fd ;~rfns %% g]kfnL #,()#,$*% P;=Pn=;L= —hubDaf l;d]G6 O{=k|f= —nIdL l:6N; k|f=ln=df xfn cWoIf
Gof}kfg] -(=^$Ü_ ln=sf] k"j{ cWoIf . —ljut b'O{ bzsb]lv ;f}/e u|'ksf]
-;+:yfks —z'e >L hubDaf l;d]G6 cGtu{tsf ljleGg pBf]u, Jofkf/
;d"x_ ldN; k|f= ln=sf] k"j{ Joj;fox?df cfj4 /xL
?kGb]xL cWoIf . ;~rfns tyf Joj:yfklso
21
lhNnf, sfo{sf] cg'ej .
l;4fy{gu/ —;jf]{Qd ldg/N; k|f=ln= sf
g=kf= j8f jt{dfg cWoIf .
g+= (
$ >L lbj; ;~rfns #) g]kfnL %,(%^ :gfts —;jf]{Qd l;d]G6 ln= sf] —;jf]{Qd l;d]G6 ln= df ;g\
Gof}kfg] -)=)!$&Ü_ -sd;{_ ;~rfns . @)!) b]lv ;du| ?kdf pBf]usf]
-;+:yfks ;'kl/j]Ifssf] ?kdf sfo{/t .
;d"x_
sf=lh=sf=d=
g=kf= j8f
g+= !!
% >L t]l~hË ;~rfns $% g]kfnL @,&)*,!$) Pd=la=P= —;jf]{Qd l;d]G6 ln= sf] —g]l6e xf]6]n k|f= ln=sf] ;~rfns.
nfSb]g -^=^(Ü_ ;~rfnssf] ?kdf cfj4
tfdfª /xL ljleGg pBf]u Jofkf/
-;+:yfks If]qdf !) jif{eGbf a9Lsf]
;d"x_ sfo{ cg'ej .
sf=lh=sf=d=
g=kf= j8f
g+= !&

gf]6M o; ljj/0fkq dfkm{t ;fj{hlgs lgisfzg u/L z]o/ afF8kmfF8 u/] kZrft\ ;j{;fwf/0f ;d]tsf] pkl:yltdf ;DkGg x'g]
klxnf] ;fwf/0f;efaf6 sDkgLn] lgodfjnLdf ePsf] Joj:yf adf]lhd :jtGq ;~rfns tyf dlxnf ;~rfns lgo'Qm
ug]{5 .
-v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f (Profile) /
pQm sDkgL÷;+:yfsf ;~rfnsx?sf] gfd, 7]ufgf, -k|fs[lts JolQm gv'n;
] Dd_ M
qm= z]o/wgLsf] gfd, sDkgLsf] ;+lIfKt kl/ro ;~rfnssf] gfd /
;+= 7]ufgf 7]ufgf
o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt
s[i0f O{G6/g]zn @)^* a}zfv !( ut] btf{ eO{ ;f]xL ldltb]lv cfˆgf] sf/f]af/
k|f=ln= ldgf s'df/L cu|jfn–
;~rfng ub}{ cfPsf] 5 . o; sDkgLn] ljljw ljB'lto
!= sf=d=g=kf= j8f g+= cWoIf, l8NnLahf/ @(,
;fdfgx?sf] sf/f]jf/ ug'{sf] ;fy} dd{t ;DaGwL ljljw ;]jf
@*, sdnfbL, sf7df8f}+ .
;~rfng ub}{ cfPsf] 5 . ;fy}, o; ;+:yfn] ;jf]{Qd l;d]G6
sf7df08f} .
ln=sf] %(,%%( lsQf cyf{t )=!%Ü z]o/ wf/0f u/]sf] 5 .
o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt
P;=lh= xf]lN8Ë k|f=
ln= @)&& kf}if % ut] btf{ eO{ ;f]xL ldltb]lv g} sf]if Joj:yfkg,
ljQLo ahf/ k|zf;g, ljQLo ;]jf ultljlwsf ;fy} cGo d]3f cu|jfn–cWoIf,
@= sf=d=g=kf=j8f g+=
sfo{x? u/L ljQLo If]qdf of]ubfg k'¥ofpFb} cfPsf] 5 . ;fy}, jL/u~h & k;f{
!!, yfkfynL,
o; ;+:yfn] ;jf]{Qd l;d]G6 ln=sf] ^%,%!% lsQf cyf{t
sf7df08f}+ .
)=!^Ü z]o/ wf/0f u/]sf] 5 .
o; sDkgL g]kfn ;/sf/, pBf]u jfl0fHo dGqfnodf ldlt
@)#& efb| # ut] btf{ ePsf] g]kfnsf] Ps k|ltli7t lgdf{0f
/fwfs[i0f zdf{–cWoIf,
sDkgL xf]] . cf/=s] zdf{ åf/f ;g\ !(@# df Psn :jfldTjdf
zdf{ P08 sDkgL tfxfrn !#, sf7df08f} .
P;= P08 l;= sf] ?kdf ;+:yfkgf eO{ lj=;+= @)#& ;fndf
k|f= ln= /]jtL b]jL zdf{ – ;b:o,
gLlh sDkgLsf] /mkdf kl/jt{g ePsf] xf] . z'?jftL ;do b]lv
#= gfufh'{g g=kf= j8f tfxfrn !#, sf7df08f} .
g} sDkgL Ps k|d'v e/kbf]{ lgdf{0f Joj;foL sDkgLsf] ?kdf
g+= $, l;tfkfOnf, /d]z zdf{ – ;b:o,
lj:tf/ eO{ o; sDkgLn] ljleGg /fli6«o tyf cGt/f{li6«o
sf7df08f} . tfxfrn !#, sf7df08f} .
sDkgLnfO{ lgdf{0f ;DaGwL k/fdz{ ;]jf k'¥ofpFb} cfPsf] 5 .
;fy}, o; ;+:yfn] ;jf]{Qd l;d]G6 ln=sf] %(,%%( lsQf cyf{t
)=!%Ü z]o/ wf/0f u/]sf] 5 .
o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt
/;'jf sG:6«Szg @)%$ a}zfv !^ ut] btf{ eO{ ;f]xL ldltb]lv 7]Ssfk6\6f
/fh]Gb|/fh cfrfo{ –cWoIf,
sDkgL k|f= ln= ;DaGwL sfo{ ub} cfPsf] 5 . of] sDkgL g]kfndf tLg
$= 6f]vf g=kf=j8f g+= bzsb]lv lgdf{0f If]qdf cg'ej a6'n]sf] k|Voft Pj+ k|ltli7t sf7df08f}
Dff]xg cfrfo{ –pkfWoIf,
*, wfkf;L, æsÆ ju{sf] sG:6«S;g sDkgL xf] .
sf7df08f}+ .
sf7df08f} . o; sDkgLsf] ljz]if sfo{ If]qx? ;8s lgdf{0f, ejg lgdf{0f,
xfO8«f]kfj/ lgdf0f{ OToflb xf] . /fi6«sf] ef}lts k"jf{wf/
22
lgdf0f{df o; sDkgLn] of]ubfg k'¥ofpFb} cfPsf] 5 . ;fy}, o;
;+:yfn] ;jf]{Qd l;d]G6 ln=sf] %(,%%( lsQf cyf{t )=!%Ü
z]o/ wf/0f u/]sf] 5 .
o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt of]u]Zj/ zdf{ 9sfn -
@)^% r}t !$ ut] btf{ eO{ ;f]xL ldltb]lv cfˆgf] sf/f]af/ cWoIf, 6f]vf !),
;~rfng ub}{ cfPsf] 5 . g]kfnsf VoftL k|fKt o'jf Joj;foL, sf7df08f}+ .
pBdL, rf6{8{ PsfpG6]G6 nufots cGo k|j'4 JolQmx?sf] s'df/ kf}8]n - ;~rfns,
;d"xåf/f ;+:yflkt / ;~rflnt o; sDkgLn] g]kfnsf] k"FhL wfkf;L %, sf7df08f}+ .
xfyj] OGe]i6d]G6
%= g]kfn ln= ahf/ / nufgLsf cGo If]qx?df nufgL u/L cfkm'nfO{ Ps ;'/h s'df/ >]i7 -
;kmn sDkgLsf] ?kdf pEofpg ;kmn ePsf] 5 . o; ;~rfns, s'df/Lkf6L,
n}grf}/, sf7df08f} .
sDkgLn] k"FhL ahf/sf] cltl/Qm hnljB't, l/on O:6]6, nlntk'/ .
cfly{s ko{6g / :jM k"FhLsf] If]qdf cfˆgf] nufgLnfO{ lj:tf/ / ho/fd g]kfn - ;~rfns,
ljljlws/0f u/L d'n'ssf] cfly{s ljsf;df of]ubfg k'of{pFb} sNn]/L #, wflbË .
cfPsf] 5 . ;fy} o; ;+:yfn] ;jf]{Qd l;d]G6 ln=sf] !!(,!!*
lsQf cyf{t )=@(Ü z]o/ wf/0f u/]sf] 5 .
o; sDkgL g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf ldlt
nfO{km:6fOn sG;g{ @)&& sflt{s @ ut] btf{ eO{ ;f]xL ldltb]lv cfˆgf] sf/f]af/
k|f= ln= ;~rfng ub}{ cfPsf] 5 . o; sDkgLn] 3/fo;L k|of]hgsf
lzvf cu|jfn– cWoIf,
^= j8f g+= %, ;fdfg tyf pks/0fx?sf] yf]s cfoft, lgof{t ;DaGwL
sn}of, % af/f .
uf]s0f]{Zj/, sf/f]af/ ub}{ yf]s laqmL sfo{ ub}{ cfO/x]sf]] 5 . ;fy} o;
sf7df08f}+ . ;+:yfn] ;jf]{Qd l;d]G6 ln=sf] %,(%^ lsQf cyf{t )=)!%Ü
z]o/ wf/0f u/]sf] 5 .

-u_ ;+ul7t ;+:yfsf] ;~rfnsx? cGo s'g} sDkgL, ;+:yf, sf]if, ;+u7g;Fu cfj4 eP To:tf] ;~rfns / cfj4 ePsf]
;+:yfsf] gfd, 7]ufgf M
qm=;+= ;~rfnssf] gfd, 7]ufgf cfj4 /x]sf] ;+:yfsf] gfd, 7]ufgf
—hubDaf l:klgË ldN; k|f=ln=, ltgs'g], sf7df08f} .
—;jf]{Qd l:6N; k|f=ln=, tLgs'g], sf7df08f} .
>L lai0f' k|;fb Gof}kfg], sf=d=g=kf= j8f g+= #), —;jf]{Qd l;d]G6 ln=, tLgs'g], sf7df08f} .
!
1fg]Zj/, sf7df08f} . —hubDaf l6 k|f];]l;Ë k|f=ln=, emfkf, g]kfn .
—;f}/e lrof pBf]u k|f= ln=, emfkf, g]kfn .
—;f}/e kmf]6f] OG6/g];gn, tLgs'g], sf7df08f} .
—ofs lgdf{0f ;]jf k|f]kfO{6/, sf7df08f} .
>L l6sf/fd Gof}kfg], nlntk'/ d=g=kf=, j8f g+=@,
@ —;jf]{Qd ldg/N; k|f= ln=, tLgs'g], sf7df08f} .
;fg]kf, nlntk'/ .
—nIdL :6Ln k|f= ln=, sf7df08f} .
>L t]l~hË nfSb]g tfdfª, sf7df08f}
# —g]l6j xf]6]n k|f= ln=, Osfkf]v/L, sf7df08f}+ !& .
dxfgu/kflnsf, j8f g+=!&, :joDe', sf7df08f}+ .
sDkgLsf] ;~rfns To:t} vfnsf] cGo sDkgLsf] ;~rfns gePsf] tyf sDkgL P]g, @)^# sf] bkmf *( sf]
pkbkmf -!_ -5_ sf] kfngf ul/Psf] 5 .

-3_ ;+:yfks÷;~rfnssf] xs x:tfGt/0f aGb]h ;DaGwL ljj/0f M


-s_ sDkgLsf] z]o/ vl/b jf x:tfGt/0f ug{ jf lwtf]aGws /fVg ;~rfns ;ldltsf] :jLs[lt lng' kg]{5 . ;~rfns
;ldltsf] k"j{ :jLs[lt lagf ul/Psf] z]o/ vl/b jf x:tfGt/0f dfGo x'g]5}g .
-v_ ;j{;fwf/0f z]o/wgL ;d"x afx]s ;+:yfks ;d"xsf z]o/wgLx?n] lnPsf] z]o/ sDkgLn] ;fj{hlgs lgisfzg u/L
z]o/ afF8kmfF8 ePsf] ldltn] # -tLg_ jif{sf] cjlw k"/f geO{ laqmL ug{ kfO{g] 5}g .
u=%=v=;+:yfks÷;~rfns ;Fusf] sf/f]af/ M
-s_;+ul7t ;+:yfaf6 s'g} ;+:yfks÷;~rfnsn] k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_ k|fKt
u/]sf] jf k|fKt ug]{ ePdf To:tf] j:t' jf ;'ljwfsf] k|s[lt / d"No / To:tf] ;'ljwf lbP jfkt sDkgLn] s'g} ;DklQ, ;]jf
k|fKt u/]sf] jf ug]{ ePdf tT;DaGwL ljj/0f M sDkgLsf] lgDg adf]lhd ;DalGwt ;+:yfx?;F+u sf/f]af/ /x]sf] 5 .

23
sDkgL ;DaGw sf/f]jf/ cf=j= @)&(÷*) -?=_ j:t' jf ;'ljwf
o; sDkgLsf z]o/wgL >L l6sf/fd Gof}kfg] 802,968.80
r'g9'Ëf pTvgg\ tyf
;jf]{Qd ldg/N; k|f= ;f] sDkgLsf] cWoIf /xg'ePsf] / pQm 9'jfgL sfo{
ln= sDkgLdf lghsf] &%=@$ k|ltzt z]o/ 1544221.14 d]lzg/L / O{Gwg laqmL
:jfldTj /x]sf] 5 .
o; sDkgLsf] ;xfos sDkgL ;jf]{Qd 493,497.60
r'g9'Ëf pTvgg\ tyf
l;4]Zj/ ldg/N; k|f= xf]lN8Ë;\ k|f= ln= sf] ztk|ltzt z]o/ 9'jfgL sfo{
ln= :jfldTj /x]sf] 5 . 31,435.37
pTvgg\ cGo vr{
jfkt laqmL
o; sDkgLsf z]o/wgL >L lai0f' k|;fb
Gof}kfg] ;~rfns Pj+ b'uf{ k|;fb Gof}kfg]
hubDaf :kLlgË ldN; 173,093.06
z]o/wgLsf] ?kdf /xg'ePsf] / pQm :qmofk laqmL
k|f=ln= sDkgLdf lghx?sf] qmdzM @) / %)
k|ltzt z]o/ :jfldTj /x]sf] 5 .
o; sDkgLsf z]o/wgL >L b'uf{ k|;fb
hubDaf l;Gy]l6S; Gof}kfg] ;f] sDkgLsf] cWoIf /xg'ePsf] / 18,218,069.00
l;d]06 KoflsË Aofu
k|f=ln= pQm sDkgLdf %%=*^ k|ltzt z]o/ vl/b
:jfldTj /x]sf] 5 .
o; sDkgLsf z]o/wgL >L lai0f' k|;fb
105,677,991.06
lSn+s/ / KoflsË Aofu
Gof}kfg], b'uf{ k|;fb Gof}kfg] z]o/wgL] Pj+
vl/b
hubDaf l;d]G6 l6sf/fd Gof}kfg] ;f] sDkgLsf] k"j{
Ol08li6«h k|f=ln= cWoIf÷;~rfns ;d]t /xg'ePsf] / pQm
605,360,378.79
lSn+s/, l;d]06 /
sDkgLdf lghx?sf] qmdzM %, !*=% /
!*=%) k|ltzt z]o/ :jfldTj /x]sf] 5 . :qmofk laqmL
pQm sDkgLdf o; sDkgLsf z]o/wgL >L
lai0f' k|;fb Gof}kfg], b'uf{ k|;fb Gof}kfg] l;d]06 vl/b
414,072,585.44
z'e>L hubDaf l;d]G6 z]o/wgL Pj+ l6sf/fd Gof}kfg]] k"j{
ldN; k|f=ln= cWoIf÷;~rfns ;d]t /xg'ePsf] / pQm lSn+s/ / :qmofk
sDkgLdf lghx?sf] qmdz !, !*=% / 49,114,196.78 laqmL
!*=%) k|ltzt z]o/ :jfldTj /x]sf] 5 .
o; sDkgLsf z]o/wgL l6sf/fd Gof}kfg] / 44,643,410.16
l6Pd6L 58 / d6]/Lon
g]xf cu|jfn ;f] sDkgLsf] ;~rfns / vl/b
nIdL l:6N; k|f=ln ldgf s'df/L cu|jfn z]o/wgL /xg' pQm
sDkgLdf lghx?sf] qmdzM $), !! / @$ 11,129,982.83 :qmofk laqmL
k|ltzt z]o/ :jfldTj /x]sf] 5 .

o; sDkgLsf z]o/wgL lai0f' k|;fb 3,474,257.00 l6Pd6L 58 vl/b


;jf]{Qd l:6N; k|f=ln Gof}kfg]sf] @% k|ltzt z]o/ :jfldTj /x]sf]
5. 372,781.14 cGo vr{ laqmL
o; kmd{sf z]o/wgL >L lai0f' k|;fb
;f}/e kmf]6f] Gof}kfg] ;f] kmd{sf] k"0f{ :jfldTjsf] k|f]k|fO{6/ 383,385.57
laqmL l:sdsf] nflu
OG6/g]Zfgn /xg'ePsf] / pQm sDkgLdf ztk|ltzt ;fdfg vl/b
z]o/ :jfldTj /x]sf] 5 .
Gof}kfg] 6fj/ 4,688,630.80
/lhi68{ sfof{nosf]
cWoIf
-lji0f' k|;fb Gof}kfg]_ ef8f / lah'nL
-v_ a'Fbf -s_ df pNn]lvt j:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M cGo k|lt:kwL{ sDkgL jf ;]jf k|jfx
ug{] ;+:yfx? ;d]taf6 lnOPsf] b/efp kq cg';f/ ahf/ d"No eGbf al9 gx'g] u/L u'0f:t/Lo j:t'sf] vl/b tyf ;]jf
lnPsf] 5 . ;fy} laqmL ubf{ ahf/ d"NoeGbf 36L gx'g] u/L d"No lgwf{/0f ul/g]5 .
u=^= ;Lldt bfloTj ;DaGwL ljj/0f M o; sDkgL k|rlnt sDkgL sfg"g cGtu{t :yflkt tyf ;~rflnt klAns lnld6]8
sDkgL xf] . o;df z]o/wgLx?sf] bfloTj ;Lldt 5 . o; sDkgLsf] z]o/wgLsf] bfloTj lghn] vl/b u/]sf] jf vl/b
ug{ saf]n u/]sf] z]o/sf] clwstd /sd;Dd dfq ;Lldt /xg]5 .

24
u=&=;+ul7t ;+:yfsf] sd{rf/L ;DaGwL hfgsf/L M
u=&=s=;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M
-s_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] u/]sf] sfdsf] cg'ej
tyf sDkgLsf] z]o/ lnPsf] eP z]o/ ;+Vof ;DaGwL ljj/0f . ;fy} To:tf] sd{rf/Lx? cGo s'g} ;"r Ls[t sDkgLsf]
cfwf/e"t z]o/wgL eP jf cGo s'g} sDkgLdf nufgL u/]sf] eP pQm sDkgLsf] gfd / nufgL u/]sf] /sd v'nfpg' kg]{ M
cGo s'g} ;"rLs[t
z]o/ ;+ul7t ;+ul7t
qm=;+= sd{rf/Lsf] gfd kb of]Uotf lgo'lQm ldlt sfof{g'ej ;+Vof ;+:yfdf ;+:yfdf
u/]sf] cfwf/e't
nufgL z]o/wgL
— Hof]tL ljsf; a}{s ln=df n]vf
tyf ljQ zfvfsf] OGrfh{ eO{ !
jif{ % dlxgfsf] sfof{g'ej .
—k~rsGof u|'kdf ljQ Joj:yfks
Rff68{
k|d'v tyf sDkgL ;lrj eO{ @ jif{sf]
PsfpG6]06
! >L ;Gtf]if s]=;L= sfo{sf/L @)&(÷)@÷@^ sfof{g'ej . gePsf] 5}g 5}g
tyf
clws[t —;f}/e u|'k cGt{ut ;jf]{Qd
Pn=Pn=la=
l;d]G6 ln= df n]vf tyf ljQ
k|d'v eO{ % jif{ % dlxgfsf]
sfof{g'ej ;lxt hDdf *=%
jif{sf] sfof{g'ej .
—uf]/vf Og sfp06/ k|f= ln= df
n]vf k|aGwssf] ?kdf % jif{sf]
sfof{g'ej
—x]/L6]h ˆnf]l/Ë sfk]{6 pBf]u
n]vf
>L lg/ axfb'/ Pd=la=P;= k|f=ln n]vf k|aGwssf] ?kdf @
@= tyf ljQ @)^(÷!!÷!! gePsf] 5}g 5}g
a'9fyf]sL jif{sf] sfof{g'ej
k|d'v
—;jf]{Qd l;d]G6 ln= df n]vf
tyf ljQ k|d'vsf] ?kdf !)
jif{sf] sfof{g'ej u/L hDdf !&
jif{sf] sfof{g'ej .
—k]K;Lsf] k|f=ln= df ;]N;
Executive eO{ @ jif{sf]
sfof{g'ej .
le=lk= —Pl;og k]G6;\df g]zgn ;]N;
#= >L lbks a/fn O{=Pd=la=P= @)&(÷)#÷)! gePsf] 5}g 5}g
;]N; Dofg]h/ eO{ !* jif{sf]
sfo{fg'ej .
—;d|f6 l;d]G6df hg/n Dofg]h/
eO{ ( dlxgfsf] sfo{g'ej .
—Dff?tL l;d]G6 ln=df, cl;:6]G6
a|f08 dfs]{l6Ë Dofg]h/ eO{ ^ jif{sf]
>L uf]kfn s'df/ tyf sfof{g'ej .
$= Pd=lj=P= @)&#÷)^÷)^ gePsf] 5}g 5}g
;f/bf k|df]zg —;jf]{Qd l;d]G6 ln= df a|f08
k|d'v tyf k|df]zg k|d'v eO{ ^ jif{
u/L hDdf !@ jif{sf] sfof{g'ej
—l8kf6{d]G6 ckm cjfg
8]enkdG6 P08 lalN8Ë
k|f]h]S6 s:6«Szg g]kfndf l;len
Pd=O{=
%= >L cleif]s emf ;]N; @)&#÷)!÷)^ O{lGhlgo/sf] ?kdf ! jif{ % gePsf] 5}g 5}g
s:6«S;g
k|d'v dlxgfsf] sfof{g'ej .
—;jf]{Qd l;d]G6 ln= df k|f]h]S6
;]N; k|d'vsf] ?kdf % jif{sf]
25
sfof{g'ej ;lxt hDdf & jif{sf]
sfof{g'ej .
—lk|ldo/ kmfO{gfG; ln= df
sDkgL ;lrj eP/ * jif{sf]
Pd=P=,
sDkgL sfof{g'ej .
^= >L Gfj/fh kf}8]n Pn=Pn=Pd @)&$÷)!÷)^ gePsf] 5}g 5}g
;lrj —;jf]{Qd l;d]G6 ln=df % jif{ %
=
dlxgfsf] sfof{g'ej u/L hDdf
!# jif{ % dlxgfsf] sfof{g'ej .
—PdP8An' OG6/k|fOh]h df ;le{;
OlGhlgo/ tyf Joj:yfks eO{
( jif{sf] sfof{g'ej .
al/i7
—Pg=P=;L= e/tk'/df dxfk|aGws
>L czf]s s'df/ k|aGws la=6]s=
&= @)&!÷)(÷)! eO{ $ jif{sf] sfof{g'ej . gePsf] 5}g 5}g
7fs'/ –vfgL d]sflgsn
—;jf]{Qd l;d]G6 ln= df vfgL
zfvf
zfvf k|d'v eO{ * jif{sf]
sfof{g'ej u/L hDdf @! jif{sf]
sfof{g'ej .
—sG;'n sG;f]ln8]6]8 k|f=ln=,
ef/tdf ;le{; OlGhlgo/ eO{ @
jif{sf] sfof{g'ej .
—l8=l8=;L= cf/=O=l8= P;, afh'/f
g]kfndf ;f]nf/ OghL{ PS;k6{
eO{ ! jif{sf] sfof{g'ej .
—OGef/f]6]s k|f=ln= g]kfndf ;]N;
P08 ;le{; OlGhlgo/ eO{ @
jif{sf] sfof{g'ej .
—lqk'/]Zj/ sG8S6/ pBf]u k|f=ln=,
g]kfndf k|f]h]S6 d]g]h/ eO{ %
On]lS6«s
P=Pd=cfO{= jif{ % dlxgfsf] sfof{g'ej .
N; P08
*= >L ;'/]Gb| dxf;]7 O{= @)&!÷)$÷!$ —lzjd\ l;d]G6 ln=df On]lS6«sn gePsf] 5}g 5}g
OG:6«'d]G6]
-On]lS6«sn_ d]g]h/ -k|d'v On]lS6«sN; P08
;g k|d'v
OG:6«'d]G6];g_ eO{ ! jif{ *
dlxgfsf] sfof{g'ej .
—l;=hL= l;d]G6 O08li6«h k|f= ln=
df On]lS6«sN; P08 OG:6«'d]G6];g
k|d'v eO{ ! jif{ * dlxgfsf]
sfof{g'ej .
—;jf]{Qd l;d]G6 ln= df
On]lS6«sN; P08 OG:6«'d]G6];g
k|d'v eO{ & jif{ % dlxgfsf]
sfof{g'ejsf ;fy hDdf nueu
@! jif{sf] sfof{g'ej .
—Xof/L sn]S;gdf :6f]/ lsk/
eO{ # aif{sf] sfof{g'ej .
—km]ldnL km'8 ;]G6/ 8An' Pn
Pn, bf]xf, stf/df :6f]/ lsk/
k|zf;g
>L g]q k|;fb tyf k|zf;g clkm;/ eO{ ^
(= k|d'v– la=la=P;= gePsf] 5}g 5}g
l3ld/] jif{sf] sfof{g'ej .
ˆofS6«L
—;jf]{Qd l;d]G6 ln= ˆofS6«Ldf
k|zf;g k|d'v eO{ ( jif{sf]
;lxt hDdf !* jif{sf]
sfof{g'ej .

26
-v_ ljj/0fkq af]8{df k|:t't ug{' eGbf ! jif{ cufl8sf] cjlwdf lgod cg';f/ cjsfz k|fKt ePsf] cj:yf afx]s
;+ul7t ;+:yfsf] pRr Joj:yfksLo txdf /x]sf s'g} sd{rf/L kl/jt{g ePdf ;f] ;DaGwL ljj/0f pNn]v ug'{kg]{ M
o; sDkgLdf ldlt @)&^÷)$÷)! b]lv sDkgLsf] k|d'v sfo{sf/L clws[tsf] ?kdf sfo{/t /xg' ePsf e/t afa'
bfxfnn] ldlt @)&*÷)$÷)% af6 cjsfz lng' ePsf] / sDkgLsf] ldlt @)&(÷)@÷@^ ut]sf] ;~rfns ;ldltsf]
!!& cf}+ a}7saf6 lg0f{ofg';f/ ldlt @)&*÷)%÷)* ut]b]lv nfu' x'g] u/L >L ;Gtf]if s]=;L= Ho'nfO{ k|d'v sfo{sf/L
clws[t kbdf lgo'Qm ul/Psf] 5 .
-u_ sd{rf/L ;+Vof M sDkgLdf sfo{/t sd{rf/Lx?sf] ljj/0f b]xfo adf]lhd /x]sf] 5 M
:yfoL c:yfoL Hofnfbf/L s'n sd{rf/L ;+Vof
#^$ – !) #&$

u=&=v=;~rfns Pj+ pRr Joj:yfksLo txsf clws[tnfO{ lbPsf] eQf tyf kfl/>lds ;DaGwL ljj/0f M
-s_ ;~rfns ;ldltsf] cWoIf nufot cGo ;b:ox?nfO{ k|bfg ul/g] jf ul/Psf] a}7s eQfsf] b/ tyf lghx?nfO{
k|bfg ul/g] jf ul/Psf] b}lgs tyf e|d0f eQf tyf cGo ;'ljwf M
a}7s eQf, e|d0f eQf tyf cGo ;'ljwf jfkt ;~rfnsx?nfO{ cf=j= @)&(÷)*) df k|bfg ul/Psf] kfl/>ldssf]
ljj/0f lgDg adf]lhd /x]sf] 5 .
qm=;+= gfd, 7]ufgf kb k|bfg ul/Psf] jflif{s kfl/>lds -?=_
!= >L lai0f' k|;fb Gof}kfg], sf=d=g=kf=j8f g+=#) 1fg]Zj/ cWoIf !,$)&,!%^.))
@= >L ladn s'df/ ;fj/lyof -k|ltlglwTj–s[i0f O{G6/g]zn k|f=ln=_ ;~rfns !,$)&,!%^.))
#= >L lbjz Gof}kfg], sf=d=g=kf=j8f g+=!@ lqk'/]Zj/ ;~rfns !,$)&,!%^.))
$= >L t]l~hË nfSb]g tfdfª, sf=d=g=kf=j8f g+=!&, :joDe' ;~rfns !,#^%,&@).))
sDkgLsf] lgodfjnLsf] lgod #@ df ;~rfnssf] kfl/>lds, a}7s eQf, b}lgs eQf tyf cGo ;'ljwf ;fwf/0f;efn]
tf]s] adf]lhd x'g]5 eGg] Joj:yf eP cg';f/ ldlt @)&%÷)%÷@@ ut] ;DkGg ljz]if ;fwf/0f;efaf6 lg0f{o eP
adf]lhd cWoIf / ;~rfnsx?sf] kfl/>lds lgwf{/0f ul/Psf] / xfn;Dd klg ;f]xL kfl/>lds sfod /lx/x]sf] .
-v_ ;+ul7t ;+:yfsf] pRr Joj:yfklso txsf tLg hgf clws[tx?sf] gfd / kb / Ps cfly{s jif{sf] cjlw leq
pgLx?nfO{ kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M
Ps cfly{s jif{ -cf=j=@)&(÷)*)_ sf]
qm=;+= sd{rf/Lsf] gfd Kfb cjlwleq kfl/>ldssf] ?kdf e'Qmfg ul/Psf]
/sd -?=_
!= >L ;Gtf]if s]=;L= k|d'v sfo{sf/L clws[t !,!#%,*(@.))
@= >L lg/ axfb'/ a'9fyf]sL n]vf tyf ljQ k|d'v %$@,))%.))
#= >L t'n;L /fd /]UdL* Dffgj ;+zfwg tyf k|zf;g k|d'v &@#,#^&.%)
$= >L lbks a/fn lh=Pd= ;]N; zfvf #,!*@,)!^.))
%= >L uf]kfn ;f/bf ahf/zf:q Joa:yfks ^()(@).))
^= >L cleif]s emf k|f]h]S6 ;]N; zfvf k|d'v &)),@!#.))
&= >L gj/fh kf}8]n sDkgL ;lrj #^#,#)$.))
*= >L czf]s s'df/ 7fs'/ Jfl/i7 k|aGws -vfgL zfvf_ !,)@$,()!.(%
(= >L ;'/]Gb| dxf;]7 On]lS6«sN; P08 OG:6«'d]G6];g k|d'v !,)^!,^@$.*#
!)= >L g]q k|;fb l3ld/] k|zf;g k|d'v–ˆofS6«L ()%,%(*.^&
* ldlt @)&*÷)@÷!% ut]b]lv sDkgLsf] Dffgj ;+zfwg tyf k|zf;g k|d'vsf] ?kdf sfo{/t /xg' ePsf >L t'n;L /fd
/]UdLsf] ldlt @)*)÷)@÷@$ b]lv nfu' x'g] u/L /flhgfdf :jLs[t ePsf] .
-u_ s'g} clws[t jf ;~rfnsnfO{ eljiosf] nflu s'g} /sd k|bfg ul/g] u/L s/f/ ul/Psf] eP ;f] ;DaGwL ljj/0f M
xfn;Dd To:tf] s'g} s/f/ ul/Psf] 5}g .

27
u=*=cGtlg{lxt hf]lvd tyf ;f] df Joj:yfkgsf] nflu Joj:yfkgsf] wf/0ff M
sDkgLn] axg u/]sf] jf ug]{ hf]lvd :ki6 ?kdf pNn]v ug'{kg]{ . o; ;Gbe{df hf]lvdx?nfO{ sDkgLsf] cfGtl/s jf
Joj;fo÷pBf]u;Fu k|ToIf cyjf sDkgLsf] lgoGq0f eGbf aflx/sf] egL jlu{s/0f u/L k|d'v ?kdf b]xfosf] hf]lvdsf]
ljZn]if0f ug'{ kg]{ . ;+ul7t ;+:yfn] axg ug]{ hf]lvdx? b]xfo adf]lhd /x]sf 5g\ M
-s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd M
 pBf]u ;~rfngdf cfO;s]sf] ;fy} ;+: yfdf cfj4 z]o/wgLx?n] sa'n u/]sf] ;Dk"0f{ /sd k|fKt e} ;s]sf] /
a}saf6 ;d]t C0f k|fKt ul/;s]sf]n] ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd sd /x]sf] .
-v_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd M
 l;d]G6 pBf]usf] nflu rflxg] r'g9'Ëf sDkgL;Fu k|ofKt dfqfdf df}Hbft /x]sf] .
 pBf]unfO{ rflxg] cGo sRrf kbfy{x? sf]O{nf, cfO/gcf]/, sRrf kmnfd, df6f], lhK;d cflb kbfy{x?sf] cefj
x'g glbg sDkgLn] cfjZostf cg';f/ df}Hbft /fVg] Joj:yf ldnfPsf] .
-u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]lvd M
 xfnsf] cj:yfdf sDkgLaf6 pTkflbt ;Dk"0f{ j:t' dha't ;~hfn dfkm{t ;lhn} ahf/;Dd k'¥ofpg ;Ifd /x]sf]
/ ahf/sf] l:ylt eljiodf kl/jt{g cfPdf sDkgLsf] pTkfbgsf] dfudf sdL cfpg ;Sg] hf]lvd /x]sf]n] ;f]
hf]lvdnfO{ Go"lgs/0f ug{sf nflu sDkgLn] cfˆgf] laqmL ;~hfnnfO{ Jofks ?kdf lj:tf/ ug]{ of]hgf lnPsf]
5.
-3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clej[l4 (Cost Overrun) sf] hf]lvd M
 pBf]u ;~rfngdf cfO;s]sf] x'gfn] d"No clej[l4sf] hf]l vd g/x]sf] .
-ª_ ljb]zL ljlgdosf] hf]lvd M
 pBf]usf nflu cfjZos kg{] sRrf kbfy{ sf]Onf blIf0f clk|msf nufotsf b]z x?af6 cd]l/sL 8n/df cfoft
ul/g] x'bf ljb]zL ljlgdo kl/jt{g ePdf To;sf] c;/ kg{ hfg] / pQm c;/nfO{ Go"lgs/0f ug{ Forward
Contract sfof{Gjog ug]{ gLlt lnOPsf] 5 .
-r_ sfg"gL k|lqmofx? tyf O{hfht k|fKt ug'{ kg]{ eP ;f] af6 kg{ ;Sg] cj/f]wx? M
 xfn sDkgLn] k"/f ug'{kg]{ ;Dk"0f{ sfg"gL k|lqmofx? k"/f ul/;s]sf] / k|fKt ug{'kg]{ ;Dk"0f{ Ohfhtkqx? k|fKt u/L
;s]sf]n] ;f] hf]lvd g/x]sf] .
-5_ If]qLos/0f / ljZjJofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd M
 cGt/f{li6«o ahf/df If]qLos/0f / ljZjJoflks/0fsf sf/0f pBf]unfO{ cfoft ug'{ kg]{] sRrf k|bfy{sf] d"Nodf
cfpg ;Sg] ptf/r9fjsf sf/0f x'g] hf]lvd /x]sf] x'Fbf ;f] nfO{ Go"lgs/0f ug{sf nflu ;dodf g} sRrf k|bfy{x?
kof{Kt dfqfdf df}Hbftdf /fVg] gLlt sDkgLsf] /x]sf] 5 .
-h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjAofkL ?kdf x'g] gLltut kl/jt{gaf6 pTkGg x'g] hf]lvd M
 s/, eG;f/, pks/0fx? cfoftdf s'g} klg gLltut kl/jt{g ePdf tyf l5d]sL d'n'sx?af6 pTkfbg x'g] l;d]G6
cfoftdf s'g] gLltut kl/jt{g x'g uPsf] cj:yfdf hf]lvd x'g] b]lvG5 .
-em_ ;~rfng Oltxf;sf] cefj M
 sDkgL ;g\ @)!) df :yfkgf eO{ l;d]G6 pTkfbg ub}{ cfPsf sDkgLdf /x]sf ;~rfns / Joj:yfksx?;Fu
pBf]u ;~rfng ;DaGwL b'O{ bzseGbf nfdf] cg'ej /x]sf]n] pQm hf]lvd g/x]sf] .
-`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]lvd M
 sDkgLn] xfn k|of]u ul//x]sf] k|ljlwx? o'/f]lkog :6f808{sf] /x]sf] / ljZjJofkL ?kdf g} gofF k|ljlwx?sf] ljsf;
eO{ gof+F k|ljlw cg';f/ pTkfbg ug'{kg]{ cj:yf /x]df sDkgL ;do ;fk]If k|ljlwsf] cjnDag ug{ ;Ifd /x]sf]
5.
-6_ k'jf{wf/ lgdf{0fdf x'g] l9nfO{sf sf/0f x'g ;Sg] hf]lvd M
 k'jf{wf/ ;DaGwL lgdf{0f ;DkGg e};s]sf]n] pQm hf]lvd g/x]sf] .
-7_ cGo M
 b}jL k|sf]k, dxfdf/L /f]u tyf sfa' aflx/sf] kl/l:ylt pTkGg eO{ r'g9'Ëf pTvgg\df x'g ;Sg] hf]lvd .
 b]zsf] /fhg}lts cl:y/tfaf6 cfpg ;Sg] hf]lvdx? .
 k"FhLahf/sf] cj:yfdf cfpg] ptf/ r9faaf6 kg{ ;Sg] hf]lvdx? .

28
cGo hf]lvdx?nfO{ Go"lgs/0f ug{ Joj:yfkgn] lgDg pkfox? cjnDag ub}{ hfg]5 M
;Defljt hf]lvdx?nfO{ Go"lgs/0f ug]{ ;DaGwdf o; sDkgLn] b]xfosf pkofx? ckgfOPsf] 5 M
!_ sDkgLn] ljt/ssf] lgo'QmL sfg"g adf]lhdsf] s/f/ ;Demf}tf u/L lgo'Qm ug{] u/]sf] 5 . ljt/sx?nfO{ pwf/f]df
;fdfg laqmL ubf{ x'g ;Sg] hf]lvdnfO{ Wofgdf /fvL] jfl0fHo a}+sx?af6 sDkgLsf] kIfdf hf/L x'g] a}+s Uof/]06L
lnO{ a}+s Uof/]06Lsf] ;Ldf leq /xL laqmL u/]sf] / s]lx u|fxsx?;Fu pwf/f]df lan hf/L ug'{ k"j{ sDkgLsf] gfddf
lvlrPsf] r]s k|fKt u/]kl5 dfq ;fdfg nf]8 x'g] Joj:yf ldnfO laqmL ePsf] ;fdfgsf] /sd k|fKt gx'g] hf]lvd
Go"lgs/0f ul/Psf] .
@_ sDkgLn] kl/of]hgf cg'?k a}+saf6 shf{ ;'ljwf pkof]u u/L pBf]u ;~rfng u/]sf] x'Fbf a}+s shf{ pknJw x'g
g;s]sf sf/0f yk cfly{s hf]lvd gcfpg] Joj:yf ldnfOPsf] . Aofhb/ j[l4af6 x'g ;Sg] yk cfly{s hf]lvdnfO{
sDkgLn] Aofh vr{ ;d]t pTkfbg nfutdf u0fgf u/L j:t'sf] pTkfbg nfut lgsfnL d"gfkmf ;d]t hf]8L laqmL
d"No to ul/g] gLlt cjnDag ul/Psf sf/0faf6 x'g;Sg] hf]lvd Go'lgs/0f ul/Psf] . ljb]zL ljlgdosf] b/df x'g]
kl/jt{gaf6 kg{ hfg] k|efj o:tf k|s[ltsf ;a} pBf]udf /xg] x'Fbf s'g} kl/of]hgf ljz]ifsf nflu dfq} gsf/fTds
k|efj kg{] b]lvb}+g . sDkgLn] h8fg tyf k|of]u u/]sf] k|ljlw cTofw'lgs k|ljlwo'Qm /x]sf]n] tTsfn k|ljlwsf]
kl/jt{gaf6 x'g ;Sg] hf]lvd Go"g /x]sf] 5 .
#_ ;/sf/sf] d"Vo gLlt g} :jb]zL sRrf kbfy{df cfwfl/t pBf]ux?sf] :yfkgf, ljsf; / lj:tf/ u/L b]zdf cfly{s
ljsf; ug{] eGg] /x]sf] x'Fbf pBf]u d}qL jftfj/0f sfod ug{ k|lta4 /x]sf] 5 .
$_ e'sDk, af9L klx/f] h:tf sf/0fn] x'g] Iflt / o;af6 pTkfbgdf kg]{ k|efjnfO{ Go"lgs/0f ug{ ;Dk"0f{ ;jf/Lsf
;fwgx? nufot d]lzg/L kf6{k'hf{, KnfG6 pBf]u nufot ejgx?, sfdbf/, sd{rf/Lx?sf] aLdf u/fPsf] 5 .

hf]lvd Go"lgs/0fsf nflu sDkgLn] u/]sf aLdfx? ;DaGwL ljj/0f tk;Ln adf]lhd /x]sf] 5 M
qm= aLdfsf] j}wtf
aLdf ;DaGwL ljj/0f aLdfÍ /sd -?=_ aLdf ul/Psf] sDkgLsf] gfd
;+= (Validity)
)% dfr{ @)@# b]lv )$
!= :6s OG:of]/]G; !%),))),))).)) g]kfn OG:of]/]G; sDkgL ln=
dfr{ @)@$ ;Dd
lxdfnog Pe/]i6 OG:of]/]G; ln, g]kfn )# dfr{ @)@# b]lv )@
@= pBf]u cfunfuL aLdf &,@((,)%^,%)).($ OG:of]/]G; sDkgL ln=, cfO=lh=cfO{= dfr{ @)@$ / )% dfr{
k|'8]lG;on OG:of]/]G; ln= / o'gfO6]8 @)@# b]lv )$ dfr{
chf]8 OG:of]/]G; ln= @)@$ ;Dd
cfO=lh=cfO{= k|'8]lG;on OG:of]/]G; ln=,
x]le O{lSjkd]06, 9'jfgLsf
# @@#,^)&,&@&.)) g]kfn OG:of]/]G; sDkgL ln= /
;fwgx?sf] aLdf
o'gfO6]8 chf]8 OG:of]/]G; ln=
cfO=lh=cfO{= k|'8]lG;on OG:of]/]G; ln=, cg';"rL–! df pNn]lvt
df]6/ sf/, lhk, Eofg / g]kfn OG:of]/]G; sDkgL ln=, l;4fy{
$ #@,$^!,#!*.))
df]6/;fOsn aLdf OG:of]/]G; ln=/ o'gfO6]8 chf]8
OG:of]/]G; ln=
sfdbf/ sd{rf/L ;fd"lxs )$ ;K6]Da/ @)@# b]lv
% @^^,&)),))).)) lzv/ OG:of]/]G; sDkgL ln=
b'3{6gf aLdf )# ;K6]Da/ @)@$ ;Dd
hDdf aLdfÍ /sd &,(&!,*@%,%$%.($

lwtf]kq d"No kl/jt{g ;DaGwL hf]lvd M


of]Uo ;+:yfut nufgLstf{x?nfO{ a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf -!#_ sf] pkbkmf -!_ adf]lhd z]o/ afF8kmfF6 u/L
lgwf{/0f ePsf] s6 ckm d"No ?=$)!.)) df ;f]xL lgb{]lzsfsf] bkmf -!$_ df ePsf] Joj:yf cg';f/ ;j{;fwf/0fsf nflu lwtf]kq
hf/L ubf{ !) k|ltzt 5'6 lbg] Joj:yf cg';f/ k|lt z]o/ d"No ?=#^).() sf] b/df lgisfzg tyf laqmL v'Nnf x'g] ePsf]n]
lwtf]kqsf] ;"rLs/0f kZrft\ lwtf]kqsf] bf];|f] ahf/df x'g] sf/f]af/n] z]o/ d"Nodf x'g;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .

u=(= ljQLo ljj/0f M


u=(=s=ljQLo ljj/0f / tT;DaGwdf Joj:yfkgsf] wf/0ff / ljZn]if0f M
-s_ ;+ul7t ;+:yfsf] n]vfk/LIf0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf÷gf]S;fg lx;fa, gfkmf÷gf]S;fg lx;fa
afF8kmfF8, gub k|jfx ljj/0f M o; sDkgLsf] cf=j=@)&(÷)*) sf] n]vfkl/If0f ePsf] jf;nft, gfkmf÷gf]S;fg lx;fa
tyf gfkmf÷gf]S;fg afF8kmfF8 lx;fa vftfsf] oyfy{ ?k/]vf o; k|sf/ 5 M

29
jf;nft
;jf{]Qd -?=xhf/df_ ;d"x -?=xhf/df_
ljj/0f
cf=j= @)&(÷*) cf=j= @)&(÷*)
;DklQ
u}/ rfn' ;DklQ
;DklQ KnfG6 / pks/0f 8,267,469 8,573,463
cd"t{ ;DklQ 1,238 1,259
ljQLo ;DklQ
nufgL 556,037 41,872
:yug s/ ;DklQ -
cGo u}/ rfn' ;DklQ 12,403 139,817
hDdf u}/ rfn' ;DklQ 8,837,146 8,756,413
rfn' ;DklQ
df}Hbft 2,494,264 2,501,326
ljQLo ;DklQ
Jofkf/ k|fKtL 1,708,339 1,725,409
gub tyf gub a/fa/ 149,972 156,262
a}}+s Aofn]G; - -
cGo 17,865 17,865
cGo rfn' ;DklQ 192,993 258,164
cfo s/ ;DklQ 23,457 26,049
hDdf rfn' ;DklQ 4,586,891 4,685,075
s'n ;DklQ 13,424,036 13,441,488
k"FhL tyf bfloTj
k"FhL
z]o/ k"FhL 4,050,000 4,050,000
km]o/ Eofn' l/he{ - -
cGo k"FhL 3,120,120 3,115,409
l/he{ k'gd{"NofÍg 336,854 336,854
hDdf z]o/ k"FhL 7,506,975 7,502,263
u}/ rfn' bfloTjx?
ljQLo bfloTjx?
s_ bL3{sflng C0f 321,963 321,963
v_ k|f]lehg - -
u_ :yug s/ bfloTj 318,489 320,168
hDdf b:3{sflng bfloTjx? 640,452 642,131
rfn' bfloTj
ljQLo bfloTjx?
Jofkf/ jfkt ltg{'kg]{ 630,476 646,152
cNksflng ;fk6L 3,453,526 3,454,463
cGo ljQLo bfloTjx? 32,275 33,600
cGo ljQLo bfloTjx? 1,110,058 1,112,605
k|f]lehg 50,275 50,275
cfos/ kl5sf] bfloTj - -
hDdf rfn' bfloTj 5,276,610 5,297,094
s'n bfloTj 5,917,062 5,939,225
s'n k"FhL tyf bfloTj 13,424,036 13,441,488

Gffkmf gf]S;fg lx;fa


;jf{]Qd -?=xhf/df_ ;d"x -?=xhf/df_
ljj/0f
cf=j= @)&(÷*) cf=j= @)&(÷*)
cfDbfgL
;~rfngaf6 cfDbfgL 5,380,265 5,399,935
cGo cfDbfgL 10,927 10,781

30
hDdf cfDbfgL 5,391,193 5,410,716
vr{x?
sRrf kbfy{ vkt 2,042,284 2,002,450
ljB't tyf OGwg vr{ 1,975,680 1,975,680
tof/L kbfy{sf] df}Hbftdf kl/jt{g (124,422) (126,072)
sd{rf/L nfe vr{ 249,484 251,086
d"No x|f; vr{ 231,472 236,568
cGo vr{ 338,651 398,739
ljQLo vr{ 409,115 409,445
hDdf vr{ 5,122,263 5,147,896
s/ cl3sf] lg/Gt/ ;~rfngdf gfkmf÷gf]S;fg 268,929 261,987
s/ vr{x?
o; jif{sf] cfos/ 2,518 2,968
:yug s/ 52,544 53,835
lg/Gt/ ;~rfngaf6 o; jif{sf] v'b gfkmf÷-gf]S;fg_ 213,868 205,185
cj?4 ;~rfngx?
s/ cl3sf] cj?4 ;~rfngaf6 gfkmf - -
cj?4 ;~rfngsf] s/ - -
o; jif{sf] gfkmf÷-gf]S;fg_ 213,868 205,185

cGo lj:t[t cfDbfgL


;jf{]Qd l;d]G6 -?=xhf/df_ ;d"x -?=xhf/df_
ljj/0f cf=j= @)&(÷*) cf=j= @)&(÷*)
cGo lj:t[t cfo - -
Acturial Gain/Loss on Defined Benefit Scheme - -
Components of cGo lj:t[t cfDbfgL ;DalGwt s/ - -
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 gul/g] j:t'x? - -
Net fair value (lossess)/Gain on financial assets - -
Quoted Ordinary Shares - -
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 ul/g] j:t'x? - -
cGo lj:tt cfDbfgLdf :yug s/ ;DklQ÷-bfloTj_ - -
hDdf cGo lj:t[t cfDbfgL 213,868 205,185
hDdf lj:t[t cfDbfgL -
cfDbfgL attributable to :
u}/ lgolGqt Aofh -
OsfO{wgLx? 213,868 205,185
hDdf lj:t[t cfDbfgL attributable to :
u}/ lgolGqt Aofh - -
OsfO{wgLx? 213,868 205,185
;fwf/0f k|lt z]o/ cfDbfgL -?=_ 5.28 5.07
Diluted k|lt z]o/ cfDbfgL -?=_ 5.28 5.07

gub k|jfx ljj/0f


;jf{]Qd -?= xhf/df_ ;d"x -?= xhf/df_
ljj/0f
cf=j= @)&(÷*) cf=j= @)&(÷*)
s_ sf/f]af/ ;~rfngaf6 gub k|jfx
o; jif{sf] gfkmf÷gf]S;fg 213,868 205,185
;dfof]hg
;DklQ, KnfG6 / pks/0fdf x|f; 230,588 235,679
cd"t{ ;DklQsf] kl/zf]wg 884 889
;Dklt, KnfG6 / pks/0f laqmLaf6 94 94
gfkmf÷-gf]S;fg_
Aofh cfDbfgL (1,581) (1,585)
Change in Fair Value - -
nufgLsf] laqmLdf gfkmf÷-gf]S;fg_ - -
Share of Profit/(Loss) of Associate - 833
Aofh vr{ 409,115 409,445

31
:yug s/ 52,544 53,835
o; jif{sf] cfos/ 2,518 2,968
lqmofzLn k'FhLdf kl/jt{g x'g' cl3sf] gub k|jfx 908,030 907,342
lqmofzLn k'FhLdf kl/jt{g
df}Hbftdf -sdL_÷j[l4 206,603 207,125
Jofkf/af6 k|flKt -sdL_÷j[l4 (225,173) (177,742)
cGo ljQLo ;DklQdf -sdL_÷j[l4 203,947 203,947
cGo rfn' ;DklQdf -sdL_÷j[l4 314,824
83,729
u]}/ rfn' ;DklQdf -sdL_÷j[l4 (8,632)
Jofkf/ e'QmfgL -sdL_÷j[l4 (163,958) (167,169)
ljQLo bfloTjdf -sdL_÷j[l4 (22,222) (21,259)
cGo bfloTjdf -sdL_÷j[l4 190,905 171,507
k|fjwfg -sdL_÷j[l4 2,716 2,716
499,011 302,855
sf/f]af/ ;~rfngaf6 gub k|jfx 1,407,041 1,210,197
cfos/ e'QmfgL 574 (207)
v_ nufgL sf/f]af/df gub k|jfx 1,407,615 1,209,990
nufgL ultljlwx?af6 gub k|jfx
;DklQ, KnfG6 / OSjL6Lsf] clwu|x0f (633,881) (729,942)
;DklQ, KnfG6 / OSjL6Lsf] laqmLaf6 k|fKt 382 382
nufgL laqmL - -
cd"t{ ;DklQsf] clwu|x0f (500) (527)
;xfos sDkgLdf nufgL (300,000) -
clu|d nufgLdf j[l4÷a}+s d'2tL lgIf]kdf kl/jt{g - 5
;xfos sDkgLsf] v'b gub k|flKt - (1,355)
Pzf]l;P6\;df nufgL - (14,167)
Aofh cfDbfgL 1,581 1,585
nufgL ultljlwaf6 gub k|jfx (932,418) (744,020)
u_ ljQLo sf/f]af/af6 gub k|jfx
bL3{sfnLg C0fdf (242,887) (245,997)
bL3{sfnLg C0f k'gM e'QmfgL
la|h Uofk ;fk6Ldf kl/jt{g
(Changes in Bridge Gap borrowings)
cNksflng C0fdf kl/jt{g 194,055 194,055
Payment of Loan from Proceeds of IPO
Aofh vr{ (409,115) (409,445)
Lease Equalization Liability Write Back 167 167
xsk|b z]o/af6 gub k|jfx - -
af]g; z]o/ lgisfzg - -
z]o/ lgisfzg - -
nfef+z ljt/0f - -
ljQLo sf/f]af/af6 gub k|jfx (457,780) (461,220)
3_ gub / gub a/fa/df -sld_÷j[l4 17,417 4,750
ª_ jif{sf] z'?df ePsf] gub / gub a/fa/ 132,555 152,345
r_ jif{sf] cGtdf ePsf] gub / gub a/fa/ 149,972 157,096
Components of Cash & Cash Equivalents
gub df}Hbft 32,097 32,308
a}+s df}Hbft 117,875 123,954

OSjL6Ldf ePsf] kl/jt{g


;jf{]Qd l;d]G6 lnld6]8 -?= xhf/df_
ljj/0f z]o/ k"FhL z]o/ Fair Value l/he{ ;+lrt d"gfkmf hDdf
lk|ldod l/he{ k"gd"{NofÍg
@)&( >fj0f ! df Aofn]G; 4,050,000 - - - 2,905,432 6,955,432
z]o/ lgisfzg nfut - - - - - -
CSR Provision Written Back - - - - 654 654
32
Lease Equilization Liability written back - - - - 167 167
o; jif{sf] gfkmf÷gf]S;fg - - - - 213,868 213,868
clwu|x0f kl5sf] gfkmfaf6 nfef+z ljt/0f - - - - - -
Excess of pruchess Consideration over net assets
- - - - - -
acquired
Addition during the year - - - 336,854 - 336,854
cGo lj:t[t cfDbfgL - - - - - -
Deferred Tax Reversal on Disposal of equity
- - - - - -
instruments measured at FVTOCI
Transfer on Disposal of equity instruments measured at
- - - - - -
FVTOCI
Change in fair value financial assets through OCI - - - - - -
nfef+z e'QmfgL - - - - - -
@)*) cfiff9 #! df Aofn]G; 4,050,000 - - 336,854 3,120,120 7,506,975

OSjL6Ldf ePsf] kl/jt{g


;d"x -?= xhf/df_
ljj/0f z]o/ k"FhL z]o/ Fair Value l/he{ ;+lrt d"gfkmf
controlling
hDdf
lk|ldod l/he{ k"gd"{NofÍg Aofh
@)&( >fj0f )! df Aofn]G; 4,050,000 - - - 2,909,404 - 6,959,404
z]o/ lgisfzg nfut - - - - - - -
CSR Provision Written Back - - - - - - -
o; jif{sf] gfkmf÷gf]S;fg - - - - - - -
clwu|x0f kl5sf] gfkmfaf6 nfef+z ljt/0f - - - - - - -
Excess of pruchess Consideration over net assets
- - - - - - -
acquired
Addition during the year - - - 336,854 - - 336,854
cGo lj:t[t cfDbfgL - - - - - - -
Deferred Tax Reversal on Disposal of equity
- - - - - - -
instruments measured at FVTOCI
Transfer on Disposal of equity instruments measured
- - - - - - -
at FVTOCI
Change in fair value financial assets through OCI - - - - - - -
nfef+z e'QmfgL - - - - - - -
@)*) cfiff9 #! df Aofn]G; 4,050,000 - - 336,854 2,909,404 - 7,296,258

-v_ ;~rfng cjlw tLg jif{ Joltt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ Joltt e}g;s]sf] cj:yfdf ;~rfng
cjlwe/sf] n]vfk/LIf0f ePsf] gfkmf gf]S;fg, jf;nft ;lxtsf] ;+lIfKt ljQLo ljj/0f -;xfos sDkgL eP ;dli6s[t
?kdf_ M
jf;nft
;jf{]Qd -?= xhf/df_ ;d"x -?= xhf/df_
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷*) @)&&÷&* @)&*÷&( @)&(÷*)
;DklQ
u}/ rfn' ;DklQ
;DklQ KnfG6 / pks/0f 7,368,241 7,900,171 7,527,797 8,267,469 8,114,770 7,742,821 8,573,463
cd"t{ ;DklQ 2,624 1,925 1,622 1,238 1,925 1,622 1,259
ljQLo ;DklQ - - -
nufgL - 206,037 256,037 556,037 26,355 26,355 41,872
:yug s/ ;DklQ - - - - - -
cGo u}/ rfn' ;DklQ 352,541 - 3,771 12,403 21,610 105,952 139,817
hDdf u}/ rfn' ;DklQ 7,723,406 8,108,132 7,789,227 8,837,146 8,164,660 7,876,750 8,756,413
rfn' ;DklQ
df}Hbft 1,171,303 1,413,489 2,700,867 2,494,264 1,424,873 2,708,451 2,501,326
ljQLo ;DklQ
Jofkf/ k|fKtL 1,341,763 1,268,032 1,483,167 1,708,339 1,306,310 1,547,667 1,725,409
gub tyf gub a/fa/ 81,557 174,900 89,055 149,972 180,691 108,845 156,262
a}}+s Aofn]G; - - 43,500 - - 43,500 -
cGo 229,962 562,877 221,812 17,865 562,877 221,812 17,865
cGo rfn' ;DklQ 210,617 296,651 507,816 192,993 213,185 375,758 258,164
cfo s/ ;DklQ - - 26,548 23,457 - 28,810 26,049
33
hDdf rfn' ;DklQ 3,035,204 3,715,948 5,072,766 4,586,891 3,687,935 5,034,843 4,685,075
s'n ;DklQ 10,758,610 11,824,080 12,861,993 13,424,036 11,852,595 12,911,593 13,441,488
k"FhL tyf bfloTj
k"FhL
z]o/ k"FhL 1,980,000 4,050,000 4,050,000 4,050,000 4,050,000 4,050,000 4,050,000
km]o/ Eofn' l/he{ - - - - - - -
cGo k"FhL 2,875,374 2,435,248 2,905,432 3,120,120 2,436,883 2,909,404 3,115,409
l/he{ k'gd{"NofÍg 336,854 336,854
hDdf z]o/ k"FhL 4,855,374 6,485,248 6,955,432 7,506,975 6,486,883 6,959,404 7,502,263
u}/ rfn' bfloTjx?
ljQLo bfloTjx?
s_ bL3{sflng C0f 2,514,871 701,692 472,855 321,963 705,730 473,701 321,963
v_ k|f]lehg - - - - - - -
u_ :yug s/ bfloTj 113,783 195,598 265,946 318,489 195,876 266,333 320,168
hDdf bL3{sflng bfloTjx? 2,628,655 897,290 738,801 640,452 901,607 740,034 642,131
rfn' bfloTj
ljQLo bfloTjx?
Jofkf/ jfkt ltg{'kg]{ 653,005 799,507 794,433 630,476 815,016 813,321 646,152
cNksflng ;fk6L 2,132,370 2,895,398 3,351,466 3,453,526 2,898,351 3,354,666 3,454,463
cGo ljQLo bfloTjx? 92,456 141,605 54,497 32,275 141,922 54,859 33,600
cGo ljQLo bfloTjx? 344,650 519,881 919,152 1,110,058 525,251 941,097 1,112,605
k|fjwfgx? 37,374 45,066 48,212 50,275 45,066 48,212 50,275
cfos/ kl5sf] bfloTjx? 14,726 40,085 - - 38,501 - -
hDdf rfn' bfloTj 3,274,583 4,441,543 5,167,760 5,276,610 4,464,106 5,212,156 5,297,094
s'n bfloTjx? 5,903,238 5,338,833 5,906,561 5,917,062 5,365,713 5,952,190 5,939,225
s'n k"FhL tyf bfloTj 10,758,613 11,824,080 12,861,993 13,424,036 11,852,595 12,911,593 13,441,488

Gffkmf gf]S;fg lx;fa


;jf{]Qd -?= xhf/df_ ;d"x -?= xhf/df_
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷*) @)&&÷&* @)&*÷&( @)&(÷*)
cfDbfgL
;~rfngaf6 cfDbfgL 7,352,860 8,937,837 7,881,499 5,380,265 8,974,515 7,911,339 5,399,935
cGo cfDbfgL 22,098 11,967 80,065 10,927 8,935 83,956 10,781
hDdf cfDbfgL 7,374,959 8,949,804 7,961,564 5,391,193 8,983,450 7,995,295 5,410,716
vr{x?
sRrf kbfy{ vkt 1,783,893 2,762,689 2,400,005 2,042,284 2,755,085 2,340,402 2,002,450
ljB't tyf OGwg vr{ 2,573,932 3,137,946 3,116,280 1,975,680 3,137,946 3,116,280 1,975,680
tof/L kbfy{sf] df}Hbftdf kl/jt{g (98,573) (197,779) 53,519 (124,422) (197,779) 53,519 (126,072)
sd{rf/L nfe vr{ 297,468 428,785 360,315 249,484 432,709 363,504 251,086
d"No x«f; vr{ 535,549 570,309 670,916 231,472 571,959 675,046 236,568
cGo vr{ 805,542 540,172 473,727 338,651 572,485 553,988 398,739
ljQLo vr{ 544,380 205,603 325,459 409,115 205,923 325,939 409,445
hDdf vr{ 6,442,191 7,447,725 7,400,220 5,122,263 7,478,327 7,428,677 5,147,896
s/ cl3sf] lg/Gt/ ;~rfngdf 932,768 1,502,079 561,344 268,929 1,505,123 566,618 261,987
gfkmf÷gf]S;fg
s/ vr{x?
o; jif{sf] cfos/ 18,288 109,908 23,336 2,518 110,508 24,084 2,968
:yug s/ 136,804 81,815 70,348 52,544 82,094 70,457 53,835
lg/Gt/ ;~rfngaf6 o; jif{sf] 777,676 1,310,357 467,661 213,868 1,312,522 472,077 205,185
v'b gfkmf÷-gf]S;fg_
cj?4 ;+rfngx?
s/ cl3sf] cj?4 ;~rfngaf6 gfkmf - - - - - -
cj?4 ;+rfngsf] s/ - - - - - -
o; jif{sf] gfkmf÷-gf]S;fg_ 777,676 1,310,357 467,661 213,868 1,312,522 472,077 205,185

cGo lj:t[t cfDbfgL


;jf{]Qd l;d]G6 -?=xhf/df_ ;d"x -?=xhf/df_
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷*) @)&&÷&* @)&*÷&( @)&(÷*)
34
cGo lj:t[t cfo - - - - - - -
Acturial Gain/Loss on Defined
- - - - - - -
Benefit Scheme
Components ofcGo lj:t[t - - - - - - -
cfDbfgL ;DalGwt s/
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 - - - - - - -
gul/g] j:t'x?
Net fair value (lossess)/Gain on
- - - - - - -
financial assets
Quoted Ordinary Shares - - - - - - -
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 - - - - - - -
ul/g] j:t'x?
cGo lj:tt cfDbfgLdf :yug - - - - - - -
s/ ;DklQ÷-bfloTj_
hDdf cGo lj:t[t cfDbfgL 777,675 1,310,357 467,661 213,868 1,312,522 472,077 205,185
hDdf lj:t[t cfDbfgL - - - - - - -
cfDbfgL attributable to :
u}/ lgolGqt Aofh - - - -
OsfO{wgLx? 777,675 1,310,357 467,661 213,868 1,312,522 472,077 205,185
hDdf lj:t[t cfDbfgL
attributable to:
u}/ lgolGqt Aofh - - - - - - -
OsfO{wgLx? 7,77,675 1,310,357 467,661 213,868 1,312,522 472,077 205,185
;fwf/0f k|lt z]o/ cfDbfgL -?=_ 39.28 45.58 11.55 5.28 45.65 11.66 5.07
Diluted k|lt z]o/ cfDbfgL -?=_ 22.87 32.35 11.55 5.28 32.41 11.66 5.07

OSjL6Ldf ePsf] kl/jt{g


;jf{]Qd l;d]G6 ln= -?= xhf/df_
Fair Value l/he{ ;l~rt
ljj/0f z]o/ k"FhL z]o/ lk|ldod l/he{ hDdf
k"gd"{NofÍg d'gfkmf
@)&^ >fj0f ! ut]sf] Aofn]G; 1,980,000 - 318 - 2,097,016 4,077,333
k"FhLdf yk - - - - - -
z]o/ lgisfzg nfut - - - - - -
k"j{cjlw ;dfof]hg - - - - 261 261
gfkmf gf]S;fg - - - - 777,675 777,675
cGo lj:t[t cfo - - - -
:yug s/ Reversal on Disposal of - -
equity instruments measured at - - 106 106
FVTOCI
Transfer on Disposal of equity - (318) -
- 318 -
instruments measured at FVTOCI
Change in fair value financial assets - - -
- - -
through OCI
nfef+z e'QmfgL - - - - -
@)&& cfiff9 #! df Aofn]G; 1,980,000 - - - 2,875,374 4,855,374
@)&& >fj0f ! ut]sf] Aofn]G; 1,980,000 - - - 2,875,374 4,855,374
xsk|b z]o/ lgisfzg 1,420,000 - - - - 1,420,000
cGtl/d nfef+z ljt/0f - - - - (1,073,754) (1,073,754)
af]g; z]o/ lgisfzg 650,000 - - - - 650,000
z]o/wgLnfO{ nfef+z -@)=!@$Ü_ - - - - (684,211) (684,211)
yk k"FhL - - - - - -
z]o/ lgisfzg nfut - - - - - -
CSR Provision Written Back - - - - 7,481 7,481
o; jif{sf] gfkmf÷gf]S;fg - - - - 1,310,357 1,310,357
Excess of pruchess Consideration
- - - - - -
over net assets acquired
cGo lj:t[t cfo - - - - - -
:yug s/ Reversal on Disposal of - - - - - -
equity instruments measured at
35
FVTOCI
Transfer on Disposal of equity
- - - - - -
instruments measured at FVTOCI
Change in fair value financial assets
- - - - - -
through OCI
nfef+z e'QmfgL - - - - - -
@)&* cfiff9 #! df Aofn]G; 4,050,000 - - - 2,435,248 6,485,248
@)&* >fj0f )! df Aofn]G; 4,050,000 - - - 2,435,248 6,485,248
z]o/ lgisfzg nfut - - - - - -
CSR Provision Written Back - - - - 2,524 2,524
o; jif{sf] gfkmf÷gf]S;fg - - - - 467,661 467,661
clwu|x0f kl5sf] gfkmfaf6 - - - - - -
nfef+z ljt/0f
Excess of pruchess Consideration
- - - - - -
over net assets acquired
cGo lj:t[t cfDbfgL - - - - - -
Deferred Tax Reversal on Disposal
of equity instruments measured at - - - - - -
FVTOCI
Transfer on Disposal of equity
instruments measured at FVTOCI
Change in fair value financial assets
- - - - - -
through OCI
nfef+z e'QmfgL - - - - - -
@)&( cfiff9 #@ df Aofn]G; 4,050,000 - - - 2,905,432 6,955,432
@)&( >fj0f ! df Aofn]G; 4,050,000 - - - 2,905,432 6,955,432
z]o/ lgisfzg nfut - - - - -
CSR Provision Written Back - - - - 654 654
Lease Equilization Liability written
- - - - 167 167
back
o; jif{sf] gfkmf÷gf]S;fg - - - - 213,868 213,868
clwu|x0f kl5sf] gfkmfaf6 nfef+z - - - - - -
ljt/0f
Excess of pruchess Consideration
- - - - - -
over net assets acquired
Addition during the year - - - 336,854 - 336,854
cGo lj:t[t cfDbfgL - - - - - -
Deferred Tax Reversal on Disposal
of equity instruments measured at - - - - - -
FVTOCI
Transfer on Disposal of equity
- - - - - -
instruments measured at FVTOCI
Change in fair value financial assets
- - - - - -
through OCI
nfef+z e'QmfgL - - - - - -
@)*) cfiff9 #! df Aofn]G; 4,050,000 - - 336,854 3,120,120 7,506,975

OSjL6Ldf ePsf] kl/jt{g


;d"x -?= xhf/df_
z]o/ Fair Value l/he{
ljj/0f z]o/ k"FhL l/he{ ;+lrt d"gfkmf lgolGqt hDdf
lk|ldod k"gd"{NofÍg Aofh
@)&& >fj0f ! ut]sf] Aofn]G; 1,980,000 - - - 2,875,374 - 4,855,374
xsk|b z]o/ lgisfzg 1,420,000 - - - - - 1,420,000
cGtl/d nfef+z ljt/0f - - - - (1,073,754) - (1,073,754)
af]g; z]o/ lgisfzg 650,000 - - - - - 650,000
z]o/wgLnfO{ nfef+z -@)=!@$Ü_ - - - - (684,211) - (684,211)
yk k"FhL - - - - - - -
z]o/ lgisfzg nfut - - - - - - -
CSR Provision Written Back - - - - 7,481 - 7,481
o; jif{sf] gfkmf÷gf]S;fg - - - - 1,312,522 - 1,312,522
Excess of pruchess Consideration over net
- - - - (530) - (530)
assets acquired

36
cGo lj:t[t cfo - - - - - - -
:yug s/ Reversal on Disposal of equity
- - - - - - -
instruments measured at FVTOCI
Transfer on Disposal of equity instruments
- - - - - - -
measured at FVTOCI
Change in fair value financial assets through
- - - - - - -
OCI
nfef+z e'QmfgL - - - - - - -
@)&* cfiff9 #! df Aofn]G; 4,050,000 - - - 2,436,883 - 6,486,883
@)&* >fj0f )! df Aofn]G; 4,050,000 - - - 2,436,883 - 6,486,883
z]o/ lgisfzg nfut - - - - - - -
CSR Provision Written Back - - - - 2,524 - 2,524
o; jif{sf] gfkmf÷gf]S;fg - - - - 472,077 - 472,077
clwu|x0f kl5sf] gfkmfaf6 nfef+z ljt/0f - - - - (2,080) - (2,080)
Excess of pruchess Consideration over net
- - - - - - -
assets acquired
cGo lj:t[t cfDbfgL - - - - - - -
Deferred Tax Reversal on Disposal of equity
- - - - - - -
instruments measured at FVTOCI
Transfer on Disposal of equity instruments
- - - - - - -
measured at FVTOCI
Change in fair value financial assets through
- - - - - - -
OCI
nfef+z e'QmfgL - - - - - - -
@)&( cfiff9 #@ df Aofn]G; 4,050,000 - - - 2,909,404 - 6,959,404
@)&( >fj0f )! df Aofn]G; 4,050,000 - - - 2,909,404 - 6,959,404
z]o/ lgisfzg nfut - - - - - - -
CSR Provision Written Back - - - - - - -
o; jif{sf] gfkmf÷gf]S;fg - - - - - - -
clwu|x0f kl5sf] gfkmfaf6 nfef+z ljt/0f - - - - - - -
Excess of pruchess Consideration over net
assets acquired - - - - - - -
Addition during the year - - - 336,854 - - 336,854
cGo lj:t[t cfDbfgL - - - - - - -
Deferred Tax Reversal on Disposal of equity
instruments measured at FVTOCI - - - - - - -
Transfer on Disposal of equity instruments
measured at FVTOCI - - - - - - -
Change in fair value financial assets through
OCI
- - - - - - -
nfef+z e'QmfgL - - - - - - -
@)*) cfiff9 #! df Aofn]G; 4,050,000 - - 336,854 2,909,404 - 7,296,258

gub k|jfx ljj/0f


;jf{]Qd -?= xhf/df_ ;d"x -?= xhf/df_
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷*) @)&&÷&* @)&*÷&( @)&(÷*)
s_ sf/f]af/ ;~rfngaf6 gub k|jfx
o; jif{sf] gfkmf÷gf]S;fg 777,676 1,310,357 467,661 213,868 1,312,522 472,077 205,185
;dfof]hg
;DklQ, KnfG6 / pks/0fdf x«f; 534,741 569,354 669,801 230,588 571,004 673,932 235,679
cd"t{ ;DklQsf] kl/zf]wg 808 955 1,114 884 955 1,114 889
;Dklt, KnfG6 / pks/0f laqmLaf6 (1,098) 507 (3,014) 94 507 (3,014) 94
gfkmf÷-gf]S;fg_
Aofh cfDbfgL (492) (281) (616) (1,581) (281) (636) (1,585)
Change in Fair Value 423 - - - - - -
nufgLsf] laqmLdf gfkmf÷-gf]S;fg_ (1,335) - - - - - -
Share of Profit/(Loss) of Associate - - - - 833
Aofh vr{ 544,380 205,603 325,459 409,115 205,923 325,939 409,445
:yug s/ 136,804 81,815 70,348 52,544 82,094 70,457 53,835
o; jif{sf] cfos/ 18,288 109,908 23,336 2,518 110,508 24,084 2,968
37
lqmofzLn k'FhLdf kl/jt{g x'g' cl3sf] gub k|jfx 2,010,196 2,278,217 1,554,089 908,030 2,283,230 1,563,953 907,342
lqmofzLn k'FhLdf kl/jt{g
df}Hbftdf -sdL_÷j[l4 160,632 (242,185) (1,287,378) 206,603 (242,686) (1,283,578) 207,125
Jofkf/af6 k|flKt -sdL_÷j[l4 591,533 73,732 (215,135) (225,173) 36,205 (241,356) (177,742)
cGo ljQLo ;DklQdf -sdL_÷j[l4 226,806 (332,914) 341,065 203,947 (325,008) 341,065 203,947
cGo rfn' ;DklQdf -sdL_÷j[l4 262,387 (86,034) (211,165) 314,824
328,364 (246,916) 83,729
u]}/ rfn' ;DklQdf -sdL_÷j[l4 - 352,542 (3,771) (8,632)
Jofkf/ e'QmfgL -sdL_÷j[l4 (273,238) 146,502 (5,074) (163,958) 147,865 (1,695) (167,169)
ljQLo bfloTjdf -sdL_÷j[l4 (28,864) 49,148 (87,109) (22,222) 49,465 (87,063) (21,259)
cGo bfloTjdf -sdL_÷j[l4 180,126 175,231 399,271 190,905 156,995 415,846 171,507
k|fjwfg -sdL_÷j[l4 9,682 15,173 5,670 2,716 15,173 5,670 2,716
1,129,063 151,194 (1,063,626) 499,011 166,373 (1,098,027) 302,855
sf/f]af/ ;~rfngaf6 gub k|jfx 3,139,259 2,429,411 490,464 1,407,041 2,449,603 465,926 1,210,197
cfos/ e'QmfgL (755) (84,549) (89,970) 574 (86,734) (91,395) (207)
v_ nufgL sf/f]af/df gub k|jfx 3,138,504 2,344,861 400,494 1,407,615 2,362,869 374,531 1,209,990
nufgL ultljlwx?af6 gub k|jfx
;DklQ, KnfG6 / OSjL6Lsf] clwu|x0f (1,229,844) (1,103,894) (299,313) (633,881) (1,281,943) (303,867) (729,942)
;DklQ, KnfG6 / OSjL6Lsf] laqmLaf6 k|fKt 2,332 2,104 4,899 382 2,104 4,899 382
nufgL laqmL 5,912 (255) - - - - -
cd"t{ ;DklQsf] clwu|x0f (895) (206,037) (811) (500) (255) (811) (527)
;xfos sDkgLdf nufgL - (50,000) (300,000) - - -
clu|d nufgLdf j[l4÷a}+s d'2tL lgIf]kdf kl/jt{g - - - (26,355) - 5
;xfos sDkgLsf] v'b gub k|flKt - - - (12,363) - (1,355)
Pzf]l;o6\;df nufgL - - - - - (14,167)
Aofh cfDbfgL 492 281 616 1,581 281 636 1,585
nufgL ultlawLaf6 gub k|jfx (1,222,004) (1,307,801) (344,609) (932,418) (1,318,530) (299,144) (744,020)
u_ ljQLo sf/f]af/af6 gub k|jfx
bL3{sfnLg C0fdf 830,665 1,831,440 - (242,887) 1,830,273 - (245,997)
bL3{sfnLg C0f k'gM e'QmfgL (1,374,090) (3,327,380) (988,152) - (3,327,380) (991,096) -
la|h Uofk ;fkl6df kl/jt{g (975,528) - - - 445,788 1,215,383 -
(Changes in Bridge Gap borrowings)
cNksflng C0fdf kl/jt{g (544,380) 445,788 1,215,383 194,055 (205,923) (325,939) 194,055
Payment of Loan from Proceeds of IPO
Aofh vr{ - (205,603) (325,459) (409,115) 1,420,000 - (409,445)
Lease Equalization Liability written back - - - 167 - - 167
xsk|b z]o/af6 gub k|jfx - 1,420,000 - - 650,000 - -
af]g; z]o/ lgisfzg - 650,000 - - - - -
z]o/ lgisfzg - - - - - - -
nfef+z ljt/0f - (1,757,965) - - (1,757,965) (2,080) -
ljQLo sf/f]af/af6 gub k|jfx (2,063,333) (943,719) (98,229) (457,780) (945,206) (103,732) (461,220)
3_ gub / gub a/fa/df -sld_÷ j[l4 (146,832) 93,342 (42,344) 17,417 99,133 (28,345) 4,750
ª_ jif{sf] z'?df ePsf] gub / gub a/fa/ 228,391 81,558 174,900 132,555 81,558 180,691 152,345
r_ jif{sf] cGtdf ePsf] gub / gub a/fa/ 81,559 174,900 132,555 149,972 180,691 152,345 157,096
Components of Cash & Cash Equivalents
gub df}Hbft 12,127 26,364 16,790 32,097 29,086 17,010 32,308
a}+s df}Hbft 69,431 148,536 115,765 117,875 151,605 135,335 123,954

Gff]6 M ;xfos sDkgL ;jf]{Qd xf]lN8Ë; k|f=ln= ldlt @)&&÷)*÷!% df :yfkgf ePsf] / ;jf]{Qd OGe]i6d]G6 k|f=ln= ldlt
@)&&÷)(÷)! df :yfkgf ePsfn] cf=j= @)&&÷)&* b]lvsf] ;d"xs[t ljQLo ljj/0f ;dfj]z ul/Psf] .
-u_ cfly{s jif{ ;dfKt ePsf] ^ dlxgf kZrft\ ljj/0fkq :jLs[ltsf] nflu k]z u/]df pQm cGtl/d cjlwsf] nflu
n]vfkl/Ifsaf6 k|dfl0ft u/]sf] ckl/is[t ljQLo ljj/0f M cfly{s jif{ ;dfKt ePsf] ^ dlxgf k'/f gePsf]n] cf=j=
@)*)÷*! cflZjg d;fGt;Ddsf] sDkgLsf] ckl/is[t ljQLo ljj/0f b]xfo cg';f/ /x]sf] 5 M
jf;nft -?= xhf/df_
@)*)
ljj/0f
cflZjg d;fGt;Dd
;DklQ
u}/ rfn' ;DklQ
;DklQ, KnfG6 / pks/0f 8,170,473
cd"t{ ;DklQ 1,050
ljQLo ;DklQ
38
nufgL 556,037
:yug s/ ;DklQ -
cGo u}/ rfn' ;DklQ 12,403
hDdf u}/ rfn' ;DklQ 8,739,962
rfn' ;DklQ
df}Hbft 2,599,978
ljQLo ;DklQ
Jofkf/ k|fKtL 1,917,805
gub tyf gub a/fa/ 206,518
a}}+s Aofn]G; -
cGo 26,756
cGo rfn' ;DklQ (418,157)
cfo s/ ;DklQ 13,844
hDdf rfn' ;DklQ 4,346,744
s'n ;DklQ 13,086,706
k"FhL tyf bfloTj -
k"FhL -
z]o/ k"FhL 4,050,000
hu]8f sf]if -
cGo k"FhL 3,533,602
hDdf z]o/ k"FhL 7,583,602
u}/ rfn' bfloTjx? -
ljQLo bfloTjx? -
s_ lb3{sflng C0f 138,779
v_ k|fjwfgx? -
u_ :yug s/ bfloTj 317,801
hDdf lb3{sflng bfloTjx? 456,580
rfn' bfloTj -
ljQLo bfloTjx? -
Jofkf/ jfkt ltg{'kg]{ 591,050
lqmofzLn k"FhL 4,044,344
cGo ljQLo bfloTjx? 7,170
cGo rfn' bfloTjx? 355,984
k|fjwfgx? 47,976
cfos/ kl5sf] bfloTjx? -
hDdf rfn' bfloTj 5,046,524
s'n bfloTjx? 5,503,104
s'n k"FhL tyf bfloTj 13,086,706

Gffkmf gf]S;fg lx;fa


ckl/is[t -?=xhf/df_
ljj/0f
@)*) cflZjg d;fGt;Dd
cfDbfgL
;~rfngaf6 cfDbfgL 1,579,167
laqmLsf] nfut 1,310,071
hDdf cfDbfgL 269,096
cGo cfDbfgL 13,605
sd{rf/L nfe vr{ 21,728
d"Nox|f; / kl/zf]wg 21,754
k|zf;lgs vr{ * 10,369
laqmL tyf ljt/0f vr{ 32,834
ljQLo nfut 99,913
hDdf vr{ 96,103
s/ cl3sf] lg/Gt/ ;~rfngdf gfkmf÷gf]S;fg 96,103

39
s/ vr{x?
o; jif{sf] cfos/ 4,770
:yug s/ 7,758
lg/Gt/ ;~rfngaf6 o; jif{sf] v'b gfkmf÷-gf]S;fg_ 83,575
cj?4 ;~rfngx? -
s/ cl3sf] cj?4 ;~rfngaf6 gfkmf -
cj?4 ;~rfngsf] s/ -
o; jif{sf] gfkmf÷-gf]S;fg_ 83,575

o cl3Nnf] cf=j= sf] t'ngfdf cf=j= @)&(÷*) df sDkgLsf] pTkfbg tyf laqmL s/La #! k|ltztn] 36]sf] / ;f] cjlwdf pBf]u
tyf vfgL pTvgg\ s]Gb|df ;+nUg sd{rf/Lx?dWo] pBf]u ;~rfng;Fu ;DalGwt sd{rf/LnfO{ sfddf gnufOPsf] Pj+ vfgL pBf]u
;Fu ;DalGwt sd{rf/LnfO{ sDkgLsf] vfgL pBf]u;Fu ;DalGwt ;xfos sDkgLx?df kb:yfkg tyf :yfgfGt/0f ul/Psf], h;n]
ubf{ cl3Nnf] cf=j=sf] t'ngfdf cf=j= @)&(÷*) df sDkgLsf] sd{rf/L tna eQf vr{ s"n /sd ?= ^,%^,*@,@#*÷– a/fa/
36\g uPsf] .
sDkgLn] k|rlnt af]g; P]g adf]lhd s/of]Uo d'gfkmfsf] !) k|ltztsf] b/n] sd{rf/LnfO{ af]gz /sd ljt/0f ub}{ cfPsf]df
cf=j=@)&(÷)*) sf] s/of]Uo d'gfkmf x/lx;fa ubf{ cfos/ P]g, @)%* sf] k|fjwfg adf]lhd cltl/Qm x|f;s§L ;dfof]hg ubf{
s/ of]Uo d'gfkmf gePsf]n] sd{rf/L af]g;sf] Joj:yf gul/Psf] .
o cfly{s jif{ @)&!÷)&@ b]lv pTkfbg z'? u/]sf] o; pBf]un] cf=j= @)&*÷)&( ;Dd -* jif{_ g]kfn n]vfdfg af]8{n] hf/L u/]sf]
KnfG6 tyf pks/0f ;DaGwL Application Guidelines adf]lhd KnfG6 tyf pks/0fsf] cfo' dfg]/ x|f;s§L ul//x]sf]df cf=j=
@)&(÷*) sf] nflu ;f]xL lgb{]lzsf adf]lhd pks/0fsf] cfo'df ^)Ü eGbf a9L ;do ljlt;s]sf] x'Fbf pks/0fsf] afFsL cfo k"gM
lgwf{/0f ug]{ cfjZos b]lvPsf]n] ;f]xL lgb{]lzsf adf]lhd :jtGq k/fdz{bftf >L ljlgtf OlGhlgol/Ë ;]jf, ?kGb]xLnfO{ lgo'Qm u/L
cfo' lgwf{/0f ul/Psf] x'Fbf ;f]xL adf]lhd pks/0fsf] cfo' cg';f/ cf=j= @)&(÷*) df pks/0f tyf ;DklQsf] x|f;s§L ubf{
sDkgLsf] kl/zf]wg tyf x|f; vr{ jfkt s"n /sd ?= %,##,^^,#@).)$ a/fa/ 36\g uPsf] .
cGo lj:t[t cfDbfgL
ckl/is[t -?=xhf/df_
ljj/0f @)*) cflZjg
d;fGt;Ddsf]
cGo lj:t[t cfo -
Acturial Gain/Loss on Defined Benefit Pension Schemes -
Components of cGo lj:t[t cfDbfgL ;DalGwt s/ -
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 gul/g] j:t'x? -
Net fair value (lossess)/gains on financial assets -
Quoted Ordinary Shares -
gfkmf÷gf]S;fgdf l/Snfl;kmfO{8 ul/g] j:t'x? -
cGo lj:tt cfDbfgLdf :yug s/ ;DklQ÷-bfloTj_ -
hDdf cGo lj:t[t cfDbfgL 83,575,145
hDdf lj:t[t cfDbfgL -
gfkmf attributable to : -
u}/ lgolGqt Aofh -
OsfO{wgLx? -
hDdf lj:t[t cfDbfgL attributable to : -
u}/ lgolGqt Aofh -
OsfO{wgLx?
;fwf/0f k|lt z]o/ cfDbfgL -?=_ 8.25
Diluted k|lt z]o/ cfDbfgL -?=_ 8.25

gub k|jfx ljj/0f


ckl/is[t -?=xhf/df_
ljj/0f @)*) cflZjg
d;fGt;Ddsf]
sf/f]af/ ;~rfngaf6 gub k|jfx
o; jif{sf] gfkmf÷gf]S;fg 83,575
;dfof]hg
;DklQ, KnfG6 / pks/0fdf x«f; 62,377
Lease Liability Written Back -

40
cd"t{ ;DklQsf] kl/zf]wg 179
Aofh cfDbfgL (23)
Aofh vr{ 99,913
:yug s/ 7,758
o; jif{sf] cfos/ 4,770
lqmofzLn k'FhLdf kl/jt{g x'g' cl3sf] gub k|jfx 258,549
lqmofzLn k'FhLdf kl/jt{g
df}Hbftdf -sdL_÷j[l4 (60,633)
Jofkf/af6 k|flKt -sdL_÷j[l4 (260,717)
cGo ljQLo ;DklQdf -sdL_÷j[l4 (588)
cGo rfn' ;DklQdf -sdL_÷j[l4 524,338
u}/ rfn' ;DklQdf -sdL_÷j[l4 -
Jofkf/ e'QmfgL -sdL_÷j[l4 (634,598)
ljQLo bfloTjdf -sdL_÷j[l4 (15,682)
cGo bfloTjdf -sdL_÷j[l4 (36,481)
k|fjwfg -sdL_÷j[l4 (2,616)
sf/f]af/ ;~rfngaf6 gub k|jfx (225,427)
cfos/ e'QmfgL 4,770
sf/f]af/ ;~rfngaf6 v'b gub k|jfx -s_ (220,656)
nufgL ultljlwx?af6 gub k|jfx
;DklQ, KnfG6 / OSjL6Lsf] clwu|x0f (13,827)
sfo{k"FhLdf k"FhLdf yk (67)
;DklQ, KnfG6 / OSjL6L laqmL 3
nufgLdf laqmL -
cd"t{ ;DklQsf] clwu|x0f (118)
;xfos sDkgLdf nufgL -
Aofh cfDbfgL 23
nufgL ultlawLaf6 hDdf gub k|jfx -v_ (13,986)
ljQLo sf/f]af/af6 gub k|jfx
bL3{sfnLg C0f k'gM e'QmfgL 206,600
cNksflng C0fdf kl/jt{g 614,233
Payment of Loan from Proceeds of IPO
Aofh vr{ (116,407)
Net Proceeds from Issue of Equity Shares (IPO) -
nfef+z ljt/0f -
ljQLo sf/f]af/af6 v'b gub k|jfx -u_ 291,226
gub / gub a/fa/df -sld_÷j[l4 -s±v±u_ 56,584
jif{sf] z'?df ePsf] gub / gub a/fa/ 149,934
jif{sf] cGtdf ePsf] gub / gub a/fa/ 206,518
Components of Cash & Cash Equivalents -
gub df}Hbft 82,284
a}+s df}Hbft 124,234

-3_ cfDbfgL / vr{ lx;fasf] s'g} zLif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M cfDbfgL / vr{
lx;fa cGtu{t k|zf;lgs vr{ -kl/zf]wg tyf x|f; vr{ ;d]t_ zLif{sdf kl/jt{g x'gfsf] sf/0f b]xfo adf]lhd /x]sf]
5M
o cl3Nnf] cf=j= sf] t'ngfdf cf=j= @)&(÷*) df sDkgLsf] pTkfbg tyf laqmL s/La #! k|ltztn] 36]sf] / ;f]
cjlwdf pBf]u tyf vfgL pTvgg\ s]Gb|df ;+nUg sd{rf/Lx?dWo] pBf]u ;~rfng;Fu ;DalGwt sd{rf/LnfO{
sfddf gnufOPsf] Pj+ vfgL pBf]u ;Fu ;DalGwt sd{rf/LnfO{ sDkgLsf] vfgL pBf]u;Fu ;DalGwt ;xfos
sDkgLx?df kb:yfkg tyf :yfgfGt/0f ul/Psf], h;n] ubf{ cl3Nnf] cf=j=sf] t'ngfdf cf=j= @)&(÷*) df
sDkgLsf] sd{rf/L tna eQf vr{ s"n /sd ?= ^,%^,*@,@#*÷– a/fa/ 36\g uPsf] 5 .
o cfly{s jif{ @)&!÷)&@ b]lv pTkfbg z'? u/]sf] o; pBf]un] cf=j= @)&*÷)&( ;Dd -* jif{_ g]kfn n]vfdfg
af]8{n] hf/L u/]sf] KnfG6 tyf pks/0f ;DaGwL Application Guidelines adf]lhd KnfG6 tyf pks/0fsf] cfo'
41
dfg]/ x|f;s§L ul//x]sf]df cf=j= @)&(÷*) sf] nflu ;f]xL lgb{]lzsf adf]lhd pks/0fsf] cfo'df ^)Ü eGbf
a9L ;do ljlt;s]sf] x'Fbf pks/0fsf] afFsL cfo k"gM lgwf{/0f ug]{ cfjZos b]lvPsf]n] ;f]xL lgb{]lzsf adf]lhd
:jtGq k/fdz{bftf >L ljlgtf OlGhlgol/Ë ;]jf, ?kGb]xLnfO{ lgo'Qm u/L cfo' lgwf{/0f ul/Psf] x'Fbf ;f]xL
adf]lhd pks/0fsf] cfo' cg';f/ cf=j= @)&(÷*) df pks/0f tyf ;DklQsf] x|f;s§L ubf{ sDkgLsf]
kl/zf]wg tyf x|f; vr{ jfkt s"n /sd ?= %,##,^^,#@).)$ a/fa/ 36\g uPsf] 5 .
-ª_ kl5Nnf] ljQLo ljj/0fsf] n]vfk/LIf0f eP kZrft\ ;+ul7t ;+:yfsf] sf/f]af/, gfkmf gf]S;fg, ;DklQsf] d'No jf
cfufdL !@ dlxgfsf] bfloTj e'QmfgLdf c;/ kg]{ u/L s'g} cj:yf l;h{gf ePsf] 5÷5}g ;f] ;DaGwdf
;~rfnsx?sf] wf/0ff M ;f] gePsf] .
-r_ cfly{s jif{ ;dfKt ePkl5 ljj/0f k]z u/]df, cfly{s jif{ ;dfKt ePsf] ldltaf6 k]z ePsf] ldlt;Dddf jf;nftsf]
ldlt kl5sf] 36gfsf] af/]df 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug'{kg]{ M cfly{s jif{ ;dfKt ePsf] ldltaf6
ljj/0fkq k]z ePsf] ldlt;Dddf jf;nftsf] ldlt kl5 s'g} pNn]vgLo 36gf gePsf] .
-5_ ljut % jif{df ;DklQsf] k'gd"{NofÍg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f -cf_ ;DklQsf]
k'gd"{NofÍg cl3 / kl5sf] lstfaL d"No -O_ k'gd"{NofÍgsf] cf}lrTo M ljut % jif{sf] cjlwdf ;DklQsf] k"g{d"NofÍg
ul/Psf] 5 .
-c_ ;DklQsf] ljj/0f M pBf]u /x]sf] :yn gjnk/f;L lhNnf, ;'gjn gu/kflnsf j8f g+= !!, hf]8]gLdf sDkgLsf]
:jfldTjdf /x]sf] !!–#–$–% If]qkmn a/fa/sf] hUuf .
-cf_ k'gd"{NofÍg x'g' cl3 pQm hUufsf] k/n d"No ?=^,%(@,)**.– /x]sf] 5 eg] k'gd"{NofÍg kZrft\ pQm hUufsf]
lstfaL d'No ?=$)@,*)^,@&%.– sfod ePsf]] 5 .
-O_k'gd"{NofÍgsf] cf}lrTo M lwtf]kqsf] ;fj{hlgs lgisfzgsf] l;nl;nfdf ;j{;fwf/0f ;dIf k|:t't ul/g] o;
ljj/0fkq dfkm{t sDkgLsf] ;Dk"0f{ x/lx;fjx? b'?:t / kf/bzL{ ?kdf k|:t't ug'{kg]{ ePsf]n] sDkgLsf] gfpFdf
/x]sf ;Dk"0f{ hUufsf] k"g{d'NofÍg u/L k|:t't ul/Psf] xf] .
-h_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M sDkgLsf] cfufdL #
cfly{s jif{sf] nflu k|If]lkt ljQLo l:ylt b]xfo adf]lhd /x]sf] 5 M
jf;nft
k|If]lkt -?=xhf/df_
ljj/0f cf=j= cf=j= cf=j=
@)*)÷*! @)*!÷*@ @)*@÷*#
;DklQ
u}/ rfn' ;DklQ
;DklQ KnfG6 / pks/0f 7,871,686 7,547,596 7,239,649
cd"t{ ;DklQ 298 - -
ljQLo ;DklQ
nufgL 556,037 556,037 556,037
:yug s/ ;DklQ - - -
cGo u}/ rfn' ;DklQ - - -
hDdf u}/ rfn' ;DklQ 8,428,021 8,103,633 7,795,686
rfn' ;DklQ
df}Hbft 1,770,965 1,850,008 1,931,175
ljQLo ;DklQ
Jofkf/ k|fKtL 1,540,620 1,683,251 1,847,892
gub tyf gub a/fa/ 152,977 162,864 166,726
a}}+s Aofn]G;
cGo 27,503 28,912 30,400
cGo rfn' ;DklQ 108,169 110,238 112,395
cfo s/ ;DklQ - - -
hDdf rfn' ;DklQ 3,600,234 3,835,273 4,088,587
s'n ;DklQ 12,028,255 11,938,906 11,884,273
k"FhL tyf bfloTj
k"FhL
z]o/ k"FhL 4,650,000 4,650,000 4,650,000
km]o/ Eofn' l/he{ - - -
cGo OSjL6L 4,985,815 4,851,539 4,641,650

42
clgolGqt Aofh
hDdf OSjL6L 9,635,815 9,501,539 9,291,650
u}/ rfn' bfloTjx?
ljQLo bfloTjx?
s_ lb3{sflng C0f 189,666 48,002 -
v_ k|fjwfgx? - - -
u_ :yug s/ bfloTj 487,779 557,574 606,304
hDdf u}/ rfn' bfloTjx? 677,444 605,576 606,304
rfn' bfloTj
ljQLo bfloTjx?
Jofkf/ jfkt ltg{'kg]{ 1,100,383 990,345 891,310
lqmofzLn k"FhL 297,341 471,259 677,983
cGo ljQLo bfloTjx? 120,262 141,560 160,406
cGo rfn' bfloTjx? 132,903 139,688 147,768
k|fjwfgx? 62,005 75,679 91,334
cfos/ kl5sf] bfloTjx? 2,102 13,260 17,518
hDdf rfn' bfloTj 1,714,996 1,831,791 1,986,320
s'n bfloTjx? 2,392,440 2,437,367 2,592,624
s'n OSjL6L tyf bfloTjx? 12,028,255 11,938,906 11,884,273

Gffkmf gf]S;fg lx;fa


k|If]lkt -?=xhf/df_
ljj/0f cf=j= cf=j= cf=j=
@)*)÷*! @)*!÷*@ @)*@÷*#
cfDbfgL
;~rfngaf6 cfDbfgL 7,890,594 8,141,016 8,723,998
laqmLsf] nfut 6,226,511 6,351,227 6,718,675
hDdf cfDbfgL 1,664,083 1,789,789 2,005,323
cGo cfDbfgL 11,035 11,246 11,467

k|zf;lgs vr{ 282,709 310,077 335,984


laqmL tyf ljt/0f vr{ 176,711 190,035 201,692
ljQLo nfut 188,518 70,300 70,095
hDdf vr{ 647,938 570,412 607,771
s/ cl3sf] lg/Gt/ ;~rfngdf gfkmf÷gf]S;fg 1,027,180 1,230,623 1,409,019
s/ vr{x?
o; jif{sf] cfos/ 21,016 132,604 175,179
:yug s/ 177,736 69,795 48,730
lg/Gt/ ;~rfngaf6 o; jif{sf] v'b gfkmf÷-gf]S;fg_ 828,428 1,028,224 1,185,111
cj?4 ;+rfngx?
s/ cl3sf] cj?4 ;~rfngaf6 gfkmf - - -
cj?4 ;+rfngsf] s/ - - -
o; jif{sf] gfkmf÷-gf]S;fg_ 828,428 1,028,224 1,185,111

Gffkmf gf]S;fg lx;fa afF8kmfF8


cf=j= cf=j= cf=j=
ljj/0f @)*)÷*! @)*!÷*@ @)*@÷*#
z]o/ lk|ldod l/he{
jif{sf] z'?sf] Aofn]G; - 1,637,360 1,637,360
-±_ z]o/ lgisfzgsf nflu k|fKt /sd 1,661,640
-–_ z]o/ lgisfzgsf nflu /sd k|of]u
lgisfzg Joj:yfkg z'Ns (1,580)
k|Tofe"lt, Statutory, Road Show tyf cGo vr{ (22,700)
jif{sf] clGtddf Aofn]G; 1,637,360 1,637,360 1,637,360
l/he{ k"g{d'NofÍg

43
jif{sf] z'?sf] Aofn]G; 336,854 336,854 336,854
jif{sf] sdL÷-j[l4_
jif{sf] clGtddf Aofn]G; 336,854 336,854 336,854
;+lrt d'gfkmf
jif{sf] z'?sf] Aofn]G; 3,113,172 3,011,601 2,877,325
-±_ o; jif{sf] gfkmf 828,428 1,028,224 1,185,111
(-) Transfer of Fair Value Reserve on Disposal of Financial Assets - - -
ljt/0f of]Uo 3,941,601 4,039,825 4,062,435
-–_ nfef+z ljt/0f (930,000) (1,162,500) (1,395,000)
CSR Provision Written Back - - -
Lease Equalization Liability Written Back - - -
jif{sf] clGtddf Aofn]G; 3,011,601 2,877,325 2,667,435
jif{sf] clGtddf Aofn]G; 4,985,815 4,851,539 4,641,650

gub k|jfx ljj/0f


k|If]lkt -?=xhf/df_
ljj/0f cf=j= cf=j= cf=j=
@)*)÷*! @)*!÷*@ @)*@÷*#
sf/f]af/ ;~rfngaf6 gub k|jfx
o; jif{sf] gfkmf÷gf]S;fg 828,428 1,028,224 1,185,111
;dfof]hg
;DklQ, KnfG6 / pks/0fdf x«f; 330,779 324,090 307,947
Lease Liability Written Back
cd't{ ;DklQsf] kl/zf]wg 812 298 -
Aofh cfDbfgL (1,681) (1,799) (1,925)
Aofh vr{ 188,518 70,300 70,095
:yug s/ 177,736 69,795 48,730
o; jif{sf] cfos/ 21,016 132,604 175,179
lqmofzLn k"FhLdf kl/jt{g x'g' cl3sf] gub k|jfx 1,545,608 1,623,512 1,785,136
lqmofzLn k"FhLdf kl/jt{g
df}Hbftdf -sdL_÷j[l4 768,380 (79,043) (81,166)
Jofkf/af6 k|flKt -sdL_÷j[l4 116,468 (142,630) (164,641)
cGo ljQLo ;DklQdf -sdL_÷j[l4 (1,336) (1,409) (1,488)
cGo rfn' ;DklQdf -sdL_÷j[l4 (1,987) (2,069) (2,157)
u}/ rfn' ;DklQdf -sdL_÷j[l4 12,403 - -
Jofkf/ e'QmfgL -sdL_÷j[l4 (122,265) (110,038) (99,034)
ljQLo bfloTjdf -sdL_÷j[l4 97,410 21,298 18,846
cGo bfloTjdf -sdL_÷j[l4 (254,831) 6,785 8,080
k|fjwfg -sdL_÷j[l4 11,413 13,674 15,656
sf/f]af/ ;~rfngaf6 gub k|jfx 2,171,264 1,330,079 1,479,232
cfos/ e'QmfgL (300) (121,445) (170,921)
sf/f]af/ ;~rfngaf6 v'b gub k|jfx -s_ 2,170,964 1,208,634 1,308,310
nufgL ultljlwx?af6 gub k|jfx
;DklQ, KnfG6 / OSjL6Lsf] clwu|x0f - - -
cd't{ ;DklQsf] clwu|x0f - - -
;xfos sDkgLdf nufgL - - -
a}+s d'2tL lgIf]kdf kl/jt{g - - -
Aofh cfDbfgL 1,681 1,799 1,925
nufgL ultljlwaf6 hDdf gub k|jfx -v_ 1,681 1,799 1,925
ljQLo sf/f]af/af6 gub k|jfx
bL3{sfnLg C0f k"gM e'QmfgL (155,713) (119,296) (141,664)
cNksflng C0fdf kl/jt{g (895,409) 151,550 300,386
Payment of Loan from Proceeds of IPO (2,237,360)
Aofh vr{ (188,518) (70,300) (70,095)
Net Proceeds from Issue of Equity Shares (IPO) 2,237,360 - -

44
nfef+z ljt/0f (930,000) (1,162,500) (1,395,000)
ljQLo sf/f]af/af6 v'b gub k|jfx -u_ (2,169,640) (1,200,545) (1,306,373)
gub / gub a/fa/df -sld_÷j[l4 -s±v±u_ 3,004 9,887 3,862
jif{sf] z'?df ePsf] gub / gub a/fa/ 149,972 152,977 162,864
jif{sf] cGtdf ePsf] gub / gub a/fa/ 152,977 162,864 166,726
Components of Cash & Cash Equivalents
gub df}Hbft 26,743,988 26,868,788 26,993,588
a}+s df}Hbft 126,232,865 135,995,091 139,732,571

gf]6 M cfos/ P]g, @)%* sf] bkmf (^ adf]lhd cfly{s jif{ ;dfKt ePsf] tLg dlxgfleq cfo ljj/0f a'emfpg kg]{ 5 eGg] Joj:yf /x]sf]
/ pQm cjlwleq cfos/ a'emfpg g;s]df bkmf (* adf]lhd Ps} k6s jf k6s k6s u/L a9Ldf tLg dlxgfsf] ;dofjlw yk ug{
;Sg]5 eGg] Joj:yf eO{ g]kfn ;/sf/, cy{ dGqfno, cfGtl/s /fh:j ljefusf] ldlt @)*)÷)^÷@# ut]sf] kq dfkm{t ldlt
@)*)÷)(÷@( ut];Ddsf nflu Dofb yksf] :jLs[ltkq k|fKt ePsf] Joxf]/f cg'/f]w 5 .

ljQLo k|If]k0fsf cfwf/x?sf] cf}lrTo k'li6 x'g] ljj/0f b]xfo adf]lhd /x]sf] 5 M
!= Aofhb/ M shf{ nufgL cjlwe/ tn pNn]lvt shf{ lzif{s / d'2tL artdf Aofhb/ l:y/ x'g] k|If]k0f ul/Psf] 5 .
 bL3{sflng C0f M !)=%)Ü jflif{s
 a|Lh Uofk shf{ M !)=%)Ü jflif{s –bL3{sflng C0f, a|Lh Uofk shf{ / lqmoflzn k"FhLsf] shf{ /sd shf{
cjlwe/ ;dfg /xg] k|If]lkt ljQLo ljj/0fdf cg'dfg ul/Psf] 5 .
 lqmofzLn k"FhL M !)=%)Ü jflif{s
@= d'b|fl:kmtL b/ M
^=*#Ü jflif{s -;g\ @)!! B]lv ;g\ @)@! ;Ddsf] d'b|f l:kmtLsf] cf}iftsf] cfwf/df u0fgf ul/Psf]_ .
#= cfos/ b/ (Industrial Tax Rate):
 cfly{s jif{ @)&(÷*) M !@=)*Ü -cfos/ P]g, @)%* sf] bkmf !! -# s_ df Joj:yf eP adf]lhd cfslif{t x'g]
s/sf] b/df cf=j= @)&(÷*) b]lv @% k|ltzt 5'6 /x]sf]_ .
 cfly{s jif{ @)*)÷*!–@)*@÷*# M !%Ü -cfos/ P]g, @)%* sf] bkmf !! -# s_ df Joj:yf eP adf]lhd
cfslif{t x'g] s/sf] b/df cf=j= @)&(÷*) b]lv @% k|ltzt 5'6 /x]sf]_ .
$= cfos/ b/ (Trading Income) M @%Ü
%= nfef+z ljt/0f cfos/ M %Ü
^= sd{rf/L vr{ jflif{s %Ü n] j[l4 x'g] cg'dfg ul/Psf] 5 . ;fy}, s/ of]Uo d'gfkmfsf] !) k|ltzt /sd sd{rf/L af]g;
Joj:yfsf] nflu 5'§ofOPsf] 5 .
&= ef8f vr{ !)Ü sf] b/n] j[l4 x'g] cg'dfg ul/Psf] 5 .
*= x|f;s§L M l:y/ ;DklQsf] x|f;s§L ;DklQsf] hLjg cjlw cg';f/ u0fgf u/L ;db/ k|0ffnL (Straght Line Method)
cg';f/ s§L ul/Psf] .
u=(=v= ljQLo cg'kft ;DaGwL ljj/0f M
-s_ ;~rfng cjlw tLg jif{ Joltt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ Joltt e}g;s]sf] cj:yfdf ;~rfng
cjlwsf] tyf cfufdL tLg jif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS) tyf k|lt z]o/ g]6jy{ M
sDkgLsf] g]6jy{ tyf k|lt z]o/ cfDbfgLdf ePsf] jf:tljs tyf k|If]lkt cf}ift k|ltkmn b]xfo adf]lhd /x]sf] 5 M
g]6jy{
jf:tljs k|If]lkt
ljj/0f cf=j= cf=j= cf=j= cf=j= cf=j= cf=j= cf=j=
@)&^÷&& @)&&÷&* @)&*÷&( @)&(÷)*) @)*)÷*! @)*!÷*@ @)*@÷*#
r'Qmf k"FhL -?= xhf/df_ 1,980,000 4,050,000 4,050,000 4,050,000 4,650,000 4,650,000 4,650,000
hu]8f tyf sf]if -?= xhf/df_ 2,875,374 2,435,248 2,905,432 3,456,975 4,985,815 4,851,539 4,641,650
s'n g]6jy{ 4,855,374 6,485,248 6,955,432 7,506,975 9,635,815 9,501,539 9,291,650
v'b Gffkmf÷-gf]S;fg_ -?= xhf/df_ 777,676 1,310,357 467,661 213,868 828,428 1,028,224 1,185,111
z]o/ ;+Vof -?= xhf/df_ 19,800 40,500 40,500 40,500 46,500 46,500 46,500
k|lt z]o/ g]6jy{ -?=_ 245.22 160.13 171.74 185.36 207.22 204.33 199.82
k|lt z]o/ cfDbfgL -?=_ 39.28 32.35 11.55 5.28 17.82 22.11 25.49
k|lt z]o/ r'Qmf k"FhL -?=_ 100 100 100 100 100 100 100
g]6jy{df cf}ift k|ltkmn÷l/6g{ -k|ltzt_ 16.02 20.21 6.72 2.85 8.60 10.82 12.75
lgisfzg k"j{sf] k|lt z]o/ cfDbfgL (EPS) sfod /fVg j[l4 x'g] g]6jy{df cfjZos Go"gtd k|ltkmn -k|ltztdf_ M 2.55%

45
sDkgLsf] ljQLo ljj/0f k|If]k0f ljut jif{sf] sf/f]af/sf] cfwf/df lgisfzg sDkgLn] tof/ u/]sf] xf] . pQm ljQLo k|If]k0fsf] cfwf/x? tyf tl/sf
k'g/fjnf]sg u/L 7Ls 5 elg ;'efif P08 sDkgL rf6{8{ Psfp06]06\;, k'/fgf] afg]Zj/, sf7df08f}åf/f k|dfl0ft ul/Psf] xf] .
-v_ ljut # jif{sf] g]6jy{df ePsf] cf}ift k|ltkmn M (=(#Ü
-u_ ;+ul7t ;+:yfsf] 5'§f 5'§} OsfOx? jf j:t'af6 x'g] cfDbfgL, vr{, ;[hgf x'g] ;DklQ / bfloTjsf] ;DaGwdf x' g]
of]ubfg ;DaGwL ljj/0f (Segment Reporting) sf] ;f/f+z / Assumption ;lxt pNn]v ePsf] ljj/0f k|:t't ug'{kg]{ M
!_ sDkgLsf]] 5'§f–5'§} OsfO{x? jf j:t'af6 x'g] cfDbfgL, vr{, ;[hgf x'g] ;DklQ / bfloTjsf] ;DaGwdf x'g] of]ubfg
;DaGwL ljj/0f (Segment Reporting) cf=j=@)*)÷)*! df b]xfo adf]lhd x'g] k|If]k0f ul/Psf] 5 M
cf=j= @)*)÷*!
ljj/0f
hDdf lSnÍ/ cf]=lk=l;= lk=lk=l;=
pTkfbgsf] OsfO{ d]l6«s 6g Aofu Aofu
laqmL dfqf 224,848 8,324,088 6,637,322
laqmL dfqf -d]l6«s 6g_ 972,918 224,848 416,204 331,866
laqmL b/ 7,000 449 383
pTkflbt dfqf 811,800 8,167,500 6,682,500
pTkflbt dfqf -d]l6«s 6g_ 1,554,300 811,800 408,375 334,125
ljj/0f
laqmL
;+rfngaf6 cfDbfgL 7,853,723,815 1,573,932,801 3,738,988,726 2,540,802,287
cGo cfo 47,905,673 - - -
hDdf laqmL 7,901,629,488 1,573,932,801 3,738,988,726 2,540,802,287
laqmL nfut
sRrf kbfy{ pkef]u
lSnÍ/ nfut 3,575,752,515 - 2,230,842,614 1,344,909,901
Packing Materials (Value) 226,665,375 - 126,109,935 100,555,440
cGo ;fdfg 4,581,095 2,392,674 1,203,632 984,790
lhK;d vkt 317,752,875 - 174,764,081 142,988,794
ˆnfo; vkt 314,578,688 - - -
:nfu vkt - - - -
lSnÍ/ vkt vl/b - - - -
r'g9'Ëf vkt 1,329,100,270 1,329,100,270 - -
cfO/g cf]/÷aS;fO{6÷n]6/fO6 vkt 261,787,235 261,787,235 - -
afn'jf÷df6f] vkt 24,385,660 24,385,660 - -
sf]O{nf vkt 2,197,948,500 2,197,948,500 - -
ljB't vkt 728,303,400 489,515,400 131,333,400 107,454,600
cGo pTkfbg vr{ 699,435,000 365,310,000 183,768,750 150,356,250
Change in Inventory of Finished Goods
z'?sf] df}Hbft (477,143,457) (404,176,853) (68,559,511) (4,407,093)
clGtd df}Hbft (255,325,615) (212,183,957) (23,824,497) (19,317,160)
sd{rf/L nfe vr{– k|ToIf 229,703,937 119,972,757 60,352,149 49,379,031
cGo k|ToIf vr{x? 187,014,441 97,676,332 49,135,960 40,202,149
hDdf laqmL nfut 6,043,639,317 4,714,771,723 587,634,171 741,233,423
s"n gfkmf 1,857,990,171 (3,140,838,922) 3,151,354,555 1,799,568,864
vr{x?
sd{rf/L nfe vr{– ck|ToIf 123,686,735 28,584,790 52,911,920 42,190,025
x«f;s§L tyf kl/zf]wg 331,591,230 76,632,839 141,851,336 113,107,055
cGo ck|ToIf vr{x? 187,014,441 43,220,225 80,002,865 63,791,351
ljQLo nfut 188,517,726 43,567,644 80,645,954 64,304,128
hDdf 830,810,133 192,005,499 355,412,075 283,392,559
s/ cl3sf] gfkmf÷gf]S;fg 1,027,180,038 (3,332,844,421) 2,795,942,481 1,516,176,305

@_ sDkgLsf]] 5'§f–5'§} OsfO{x? jf j:t'af6 x'g] cfDbfgL, vr{, ;[hgf x'g] ;DklQ / bfloTjsf] ;DaGwdf x'g]
of]ubfg ;DaGwL ljj/0f (Segment Reporting) cf=j=@)*!÷)*@ df b]xfo adf]lhd x'g] k|If]k0f ul/Psf] 5M
cf=j= @)*!÷*@
ljj/0f
hDdf lSnÍ/ cf]=lk=l;= lk=lk=l;=
pTkfbgsf] OsfO{ d]l6«s 6g Aofu Aofu

46
laqmL dfqf 186,300 8,706,000 7,124,000
laqmL dfqf -d]l6«s 6g_ 977,800 186,300 435,300 356,200
laqmL b/ 7,100 458 392
pTkflbt dfqf 851,400 8,712,000 7,128,000
pTkflbt dfqf -d]l6«s 6g_ 1,643,400 851,400 435,600 356,400
ljj/0f
laqmL
;+rfngaf6 cfDbfgL 8,100,458,407 1,322,730,000 3,987,579,133 2,790,149,274
cGo cfo 51,803,944
hDdf laqmL 8,152,262,351 1,322,730,000 3,987,579,133 2,790,149,274
laqmL nfut
sRrf kbfy{ pkef]u
lSnÍ/ nfut 3,830,101,100 - 2,389,525,761 1,440,575,339
Packing Materials (Value) 239,824,500 - 131,895,900 107,928,600
cGo ;fdfg 5,039,205 2,610,672 1,335,693 1,092,840
lhK;d vkt 362,102,400 - 199,156,320 162,946,080
ˆnfo; vkt 358,449,300 - - 358,449,300
:nfu vkt - - - -
lSnÍ/ vkt vl/b - - - -
r'g9'Ëf vkt 1,393,934,429 1,393,934,429 - -
cfO/g cf]/÷aS;fO{6÷n]6/fO6 vkt 293,299,957 293,299,957 - -
afn'jf÷df6f] vkt 27,325,087 27,325,087 - -
sf]O{nf vkt 2,305,165,500 2,305,165,500 - -
ljB't vkt 768,101,400 513,394,200 140,088,960 114,618,240
cGo pTkfbg vr{ 739,530,000 383,130,000 196,020,000 160,380,000
Change in Inventory of Finished Goods
z'?sf] df}Hbft (255,325,615) (212,183,957) (23,824,497) (19,317,160)
clGtd df}Hbft (270,390,962) (223,465,871) (26,069,495) (20,855,596)
sd{rf/L nfe vr{– k|ToIf 250,903,917 129,986,367 66,504,653 54,412,898
cGo k|ToIf vr{x? 201,384,365 104,331,659 53,378,988 43,673,718
hDdf laqmL nfut 6,190,464,711 4,758,765,957 590,115,516 841,583,239
s"n gfkmf 1,961,797,640 (3,436,035,957) 3,397,463,617 1,948,566,036

vr{x?
sd{rf/L nfe vr{– ck|ToIf 135,102,109 25,740,973 60,145,171 49,215,966
x«f;s§L tyf kl/zf]wg 324,387,921 61,805,553 144,412,009 118,170,359
cGo ck|ToIf vr{x? 201,384,365 38,369,715 89,652,908 73,361,741
ljQLo nfut 70,299,909 13,394,225 31,296,329 25,609,355
hDdf 731,174,304 139,310,465 325,506,417 266,357,422
s/ cl3sf] gfkmf÷gf]S;fg 1,230,623,336 (3,575,346,422) 3,071,957,200 1,682,208,614

#_ sDkgLsf]] 5'§f–5'§} OsfO{x? jf j:t'af6 x'g] cfDbfgL, vr{, ;[hgf x'g] ;DklQ / bfloTjsf] ;DaGwdf x'g] of]ubfg
;DaGwL ljj/0f (Segment Reporting) cf=j=@)*@÷)*# df b]xfo adf]lhd x'g] k|If]k0f ul/Psf] 5M
cf=j= @)*@÷*#
ljj/0f
hDdf lSnÍ/ cf]=lk=l;= lk=lk=l;=
pTkfbgsf] OsfO{ d]l6«s 6g Aofu Aofu
laqmL dfqf 184,444 9,252,500 7,569,500
laqmL dfqf -d]l6«s 6g_ 1,025,544 184,444 462,625 378,475
laqmL b/ 7,200 467 401
pTkflbt dfqf 891,000 9,256,500 7,573,500
pTkflbt dfqf -d]l6«s 6g_ 1,732,500 891,000 462,825 378,675
ljj/0f
laqmL
;+rfngaf6 cfDbfgL 8,679,384,416 1,327,995,000 4,319,771,173 3,031,618,243
cGo cfo 56,080,092 - - -
hDdf laqmL 8,735,464,508 1,327,995,000 4,319,771,173 3,031,618,243
laqmL nfut
sRrf kbfy{ pkef]u
lSnÍ/ nfut 4,087,646,383 - 2,550,203,266 1,537,443,117
Packing Materials (Value) 254,853,300 - 140,175,375 114,677,925

47
cGo ;fdfg 5,543,125 2,850,750 1,480,806 1,211,569
lhK;d vkt 411,030,675 - 226,066,871 184,963,804
ˆnfo; vkt 406,886,288 - - 406,886,288
:nfu vkt - - - -
lSnÍ/ vkt vl/b - - - -
r'g9'Ëf vkt 1,458,768,589 1,458,768,589 - -
cfO/g cf]/÷aS;fO{6÷n]6/fO6 vkt 327,933,775 327,933,775 - -
afn'jf÷df6f] vkt 30,568,161 30,568,161 - -
sf]O{nf vkt 2,412,382,500 2,412,382,500 - -
ljB't vkt 807,899,400 537,273,000 148,844,520 121,781,880
cGo pTkfbg vr{ 779,625,000 400,950,000 208,271,250 170,403,750
Change in Inventory of Finished Goods
z'?sf] df}Hbft (270,390,962) (223,465,871) (26,069,495) (20,855,596)
clGtd df}Hbft (285,072,169) (234,903,456) (27,724,815) (22,443,898)
sd{rf/L nfe vr{– k|ToIf 270,869,506 139,304,317 72,360,854 59,204,335
cGo k|ToIf vr{x? 215,248,439 110,699,197 57,502,083 47,047,159
hDdf laqmL nfut 6,587,302,551 5,008,342,705 644,775,189 934,184,657
s"n gfkmf 2,148,161,957 (3,680,347,705) 3,674,995,983 2,097,433,587

vr{x?
sd{rf/L nfe vr{– ck|ToIf 145,852,811 26,231,586 65,794,518 53,826,707
x|f;s§L tyf kl/zf]wg 307,946,725 55,384,130 138,915,432 113,647,162
cGo ck|ToIf vr{x? 215,248,439 38,712,370 97,099,036 79,437,033
ljQLo nfut 70,094,703 12,606,512 31,619,872 25,868,319
hDdf 739,142,677 132,934,599 333,428,858 272,779,221
s/ cl3sf] gfkmf÷gf]S;fg 1,409,019,280 (3,813,282,304) 3,341,567,126 1,824,654,366

u=!)= lwtf]kq lgisfzg ;DaGwL ljj/0f M


u=!)=s= lwtf]kq hf/L ug'{sf] p2]Zo M
!= sDkgLsf] k|aGwkq tyf lgodfjnLdf pNn]v ePsf p2]Zox? cg'?k ug'{kg]{ sfo{x?sf] nflu cfjZos k"FhL
;+sng ug{ .
@= ;j{;fwf/0fdf z]o/ hf/L u/L ;+ul7t ;+:yfsf] ;~rfns ;ldltdf ;j{;fwf/0f z]o/wgLx?sf] tkm{af6 ;d]t
k|ltlglwTj u/fpg] p2]Zon] z]o/ hf/L ug{ .
#= ;+slnt k"FhLnfO{ kl/rfng u/L pBf]usf] Ifdtf lj:tf/ ug]{ tyf lgof{t k|j4{g u/L cfoft k|lt:yfkg ub}{ ljb]zL
d'b|f leqfpg .
$= lwtf]kq lgisfzgaf6 k|fKt x'g] /sdnfO{ ljleGg a}+sx?sf] cNksflng shf{ ;Ldfsf] pkef]u 36fpg k|of]u ul/g] .

!)=v= lwtf]kq lgisfzgaf6 k|fKt k"FhLsf] pkof]u M


sDkgLsf] k|aGwkq tyf lgodfjnLdf ePsf] Joj:yf cg';f/ sDkgLn] cfˆgf] hf/L k"FhL ?=$,^%),))),))).– -cIf/]kL
rf/ ca{ k}+;¶L s/f]8 dfq_ sf] !@=()## k|ltzt z]o/ ;fj{hlgs lgisfzgsf] nflu 5'§fOPsf]df ;f] cg';f/ x'g cfpg]
^,))),))) lsQf z]o/ [@,$)),))) lsQf z]o/ of]Uo ;+:yfut nufgLstf{x?sf] nflu, @,^&),))) lsQf z]o/
;j{;fwf/0f -sDkgLdf sfo{/t sd{rf/Lx? ;d]t_ sf] nflu / (#),))) lsQf z]o/ pBf]u k|efljt If]qdf a;f]af; ug]{
:yflgo afl;Gbfx?sf nflu] a's ljlN8Ë ljlw dfkm{t lgisfzg ug{ nfu]sf] / sDkgLn] cfˆgf] cfjlws shf{ (%=!*
k|ltzt eGbf a9L shf{ /sd cfˆg} cfGtl/s gub k|jfxaf6 e'QmfgL ul/;s]sf] x'Fbf z]o/sf] k|f/lDes lgisfzgaf6
k|fKt x'g] /sddWo]af6 lgDgfg';f/sf a}+sx?sf] cNksflng shf{sf] lnld6 pkef]u 36fpg k|of]u ug]{5 .
qm=;+= ljj/0f /sd -?=_
! g]kfn a}+s ln= 299,240,000.00
@ k|fOd sdlz{on a}+s ln= 1,000,000,000.00
hDdf 1,299,240,000.00
o;/L sDkgLsf] t/ntfsf] cj:yf dha't eP;Fu} lwtf]kq lgisfzgaf6 k|fKt x'g] /sdaf6 dfly pNn]lvt shf{ /sd
e'QmfgL u/]kl5 afFls /xg] /sd sDkgLsf] pBf]u /x]sf] :yfgb]lv k"j{ tyf klZrddf Grinding Unit lj:tf/ ug{,
sf7df08f}+nfO{ nlIft u/L wflbË, dsjfgk'/, g'jfsf]6 cf;kf;df l;d]G6 KnfG6 :yfkgf ug{ tyf pBf]udf Waste Heat
Recovery System (WHRS) k|0ffnL :yfkgf u/L #=% d]ufjf6 ;Ddsf] ljB't zlQm pTkfbg ug{] sfo{df nufgL ug]{
of]hgf /x]sf] 5 .
48
-s_ lgisfzg sDkgLn] ljleGg a}+sx?af6 lnPsf] shf{sf] ljj/0f lgDgfg';f/ /x]sf] 5 M
-@)*) cflZjg d;fGt;Dd_
cNksflng÷rfn' cfjlws cfjlws cfjlws
a}+ssf] gfd hDdf /sd -?=_
k"FhL shf{ -?=_ shf{ -I_ -?=_ shf{ -II_ -?=_ shf{ -III_ -?=_
k|fOd sdl;{on a}+s ln= 2,334,939,128.49 - 9,596,000.00 171,172,500.00 2,515,707,628.49
g]kfn a}+s ln= 1,362,536,551.52 - 17,565,000.00 90,813,500.00 1,470,915,051.52
g]kfn OGe]i6d]06 d]uf a}+s 186,821,142.20 r'Qmf e};s]sf]
ln=
k|e' a}+s ln= 175,501,356.11 r'Qmf e};s]sf]
/fli6«o jfl0fHo a}+s ln= 200,000,000.00 - - - 200,000,000.00
hDdf 3,897,475,680.01 27,161,000.00 261,986,000.00 4,186,622,680.01

sDkgLn] a}+saf6 lnPsf] shf{÷C0f b]xfo adf]lhd r'Qmf ug]{ / ;f] kZrft\ sfod x'g] C0f /sd b]xfo adf]lhd x'g]5 M
cfly{s jif{ q}dfl;s z'?sf] hDdf C0f -?=_ ;fFjf e'QmfgL -?=_ jif{sf] clGtdf x'g] C0f -?=_
k|yd 472,330,860.00 183,183,860.00 289,147,000.00
2080÷081 lålto 289,147,000.00 24,938,000.00 264,209,000.00
t[tLo 264,209,000.00 24,938,000.00 239,271,000.00
rf}+yf} 239,271,000.00 33,442,000.00 205,829,000.00
k|yd 205,829,000.00 19,296,000.00 186,533,000.00
2081÷082 lålto 186,533,000.00 19,296,000.00 167,237,000.00
t[tLo 167,237,000.00 19,296,000.00 147,941,000.00
rf}+yf} 147,941,000.00 19,296,000.00 128,645,000.00
k|yd 128,645,000.00 22,914,000.00 105,731,000.00
2082÷083 lålto 105,731,000.00 22,914,000.00 82,817,000.00
t[tLo 82,817,000.00 22,914,000.00 59,903,000.00
rf+}yf} 59,903,000.00 22,914,000.00 36,989,000.00
2083÷084 k|yd 36,989,000.00 36,989,000.00 -
hDdf 472,330,860.00

lgisfzg k"j{ / lgisfzg kZrft\ shf{ /sdsf] ljj/0f b]xfo adf]lhd x'g]5 M
lgisfzg k"j{ lgisfzg kZrft\
qm=;+= a}+ssf] gfd
cNksflng shf{ cfjlws shf{ r'Qmf x'g] shf{ /sd cNksflng shf{ cfjlws shf{
1 k|e' a}+s ln= 175,501,356.11 97,829,500.00 175,501,356.00 - 97,829,500.00
2 g]kfn OGe]i6d]06 d]uf a}+s ln= 186,821,142.20 48,856,500.00 186,821,142.00 - 48,856,500.00
3 g]kfn a}+s ln= 1,362,536,551.52 130,865,360.00 875,037,502.00 487,499,050.00 130,865,360.00
4 k|fOd sdl;{on a}+s ln= 1,378,299,297.43 194,779,500.00 1,000,000,000.00 378,299,297.00 194,779,500.00
hDdf 3,103,158,347.26 472,330,860.00 2,237,360,000.00 865,798,347.00 472,330,860.00

-v_ ;fj{hlgs lgisfzg ul/g] lwtf]kq k"0f{ ?kdf laqmL gePdf ;fj{hlgs lgisfzgsf] nflu p2]Zo k|flKt ug{sf]
nflu ckgfOg] j}slNks Joj:yf M ljutdf cGo sDkgLn] z]o/ lgisfzg ubf{ dfu eGbf a9L z]o/sf] nflu
b/vf:t k/L z]o/ sf/f]af/ ;d]t e};s]sf] 5 . sy+sbflrt lgisfzg ul/g] z]o/ :yfgLo afl;Gbf tyf a}b]lzs
/f]huf/Ldf /x]sf g]kfnx?n] k"0f{ ?kdf vl/b gu/]df afFls /x]sf z]o/ ;j{;fwf/0f -;fd"lxs nufgL sf]if tyf
sDkgLsf sd{rf/L ;d]t_ sf] nflu lgisfzg ul/g] z]o/df yk u/L laqmL ljt/0f ul/g]5 . ;j{;fwf/0fsf] nflu
lgisfzg u/]sf] z]o/ k"0f{ ?kdf laqmL gePdf afFsL /x]sf] z]o/ vl/b ug{sf nflu k|Tofe"ltstf{x? qmdzM
gful/s nufgL sf]if, Unf]an cfOPdO{ Soflk6n ln=, PgcfOPdla P; Soflk6n ln= / k|e' Soflk6n ln= n] ;sf/
ug]{ u/L k|Tofe"lt ;Demf}tf ul/Psf] 5 .
-u_ cfof]hgfsf] ;~rfng :yfg, cfof]hgf r/0fj4 ?ksf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f
;dfKt e};s]sf] eP ;f] ;DaGwL ljj/0f M pBf]u :yfkgf eO{ ldlt @)&!÷!!÷)! ut]b]lv lSn+s/ / ldlt
@)&#÷)#÷)( ut]b]lv l;d]G6 pTkfbg z'? eO;s]sf] x'gfn] dfly pNn]lvt ;Dk"0f{ r/0fx? ;dfKt eO{;s]sf]
cj:yf /x]sf] 5 .

49
-3_ cfof]hgf ;DkGg x'g], kl/If0f pTkfbg z'? x'g] / k"0f{ Jofj;flos pTkfbg z'? x'g] cg'dflgt ldlt M pBf]u lgdf{0f
;DkGg eO{ lSn+s/ / l;d]G6 pTkfbg z'? eO{ cu|0fL a|f08sf] ?kdf laqmL ljt/0f eO{/x]sf] cj:yf /x]sf] .
-ª_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|:tfljt d"No ;Knfo;{sf]
gfd / ;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d'Vo d'Vo a"Fbfx? M
sDkgLn] vl/b u/]sf] pks/0fsf] d"No M
sDkgLåf/f k|jl4{t pBf]u k"0f{ ?kdf ;~rfngdf cfO;s]sf] / xfn;Dd sDkgLnfO{ cfjZos kg]{ dxTjk"0f{
KnfG6, d]lzg/L tyf OlSjkd]G6 k|m]GrfOh sDkgL M/S FLSmidth ;Fu ;Demf}tf u/L pQm k|m]GrfOh sDkgLaf6
ef=?=!,^##,#^!,))).)), o'/f] $,@&^,))).)) / cd]l/sL 8n/ !,$)),))).)) a/fa/sf] d]lzg/L pks/0f vl/b
u/L h8fg eO;s]sf] 5 .
-r_ s'g} kf6L{;Fu k|ltlnlk clwsf/ 6«]8dfs{ Ohfhtkq /f]oN6L ;xsfo{ ;DaGwdf jf ljQLo jf k|fljlws ;Demf}tf
ul/Psf] eP ;f] sf] k|d'v zt{x? / kf6L{sf] gfd 7]ufgf ;DaGwL lj:t[t ljj/0f M ;f] gePsf] .
-5_ pTkfbg ;DaGwL cfof]hgf eP ;f] sf] k|s[lt k|of]ustf{ k|lt:kwf{ nlIft ;d"x, pTkfbg Ifdtf ljut jif{x?sf]
Ifdtf pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M sDkgLn] pTkfbg ug{] j:t' l;d]G6 xf] .
l;d]G6sf] k|of]u ;8s, k'n, hnljB't, 6g]n, ljB't u[x, gx/, 9n lgsf;, vfg]kfgL, l;+rfO{, cfjf;Lo tyf
Joj;flos ejg, sDKn]S;, ;/sf/L tyf gLlh 3/ ejg, Xo"d kfO{k, ljB't kf]n, 6fon, pBf]u nufotsf
clwsfz ;+/rgfx?sf] lgdf{0f, k"gM lgdf{0f ug{ / b]z ljsf;sf cGo k"jf{wf/x? h:t} M /]Nj], Po/kf]6{ nufotdf
lgdf{0f / dd{t ;Def/ ug{ lgdf{0f;Fu ;DalGwt sfo{x?sf nflu clt cfjZos j:t'sf] ?kdf /x]sf] 5 . o;sf]
nlIft ;d"x lgdf{0f pBf]u;Fu ;DalGwt Joj;foL jf wgL, pkef]Qmf ;d"x, lgdf{0f sDkgL / JolQmx? x'g . xfn
pBf]usf] l;d]G6 pTkfbg Ifdtf b}lgs #,))) 6g /x]sf] 5 . pBf]u cf=j= @)&$÷&% b]lv k"0f{ ?kdf ;~rfngdf
cfO{ pTkfbg ePsf] l;d]G6 g]kfnL ahf/df ;xh} laqmL ljt/0f eO/x]sf] / cu|0fL j|f08sf] ?kdf ahf/df :yflkt
ePsf] 5 . ;fy}, eljiodf pBf]un] cf]=lk=;L=/ lk=lk=;L= l;d]G6sf] cnfjf cGo lsl;dsf l;d]G6x? ;d]t pTkfbg
u/L pTkfbg ljljlws/0f ;d]tsf sfo{ ug]{ nIo lnPsf] 5 .
-h_cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknJwtf / To;sf] >f]t M kfNkf lhNnfdf cjl:yt sDkgLsf] gLlh
hUuf / /fli6«o jg If]qdf /x]sf vfgL:ynx?af6 r'g9'Ëf vfgLx? pTvgg\ u/]/ d"Vo sRrf kbfy{sf] k|of]u ug]{
ul/Psf] 5 . ;fy} cGo sRrf kbfy{x? h:t} sf]Onf, lhK;d, cfO{/g cf]/, KoflsÍ d]6]l/oN; nufotsf sRrf
kbfy{x? cfoft tyf :yfgLo ahf/af6 vl/b u/L k|of]udf NofOPsf] 5 .
-em_cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M g]kfn ljB't k|flws/0faf6 ljtl/t
ljB't tyf :yfgLo ;|f]taf6 k|fKt x'g] kfgL pBf]udf k|of]u u/L ;~rfngdf NofOPsf] 5 . ljB'tsf] nf]8;]l8Ë
ePdf pBf]usf] cfˆg} % d]ufjf6sf] yd{n kfj/ KnfG6, $=&% d]=jf= sf] l8h]n KnfG6 / !)=# d]=jf= sf] km/g];
cfon h]g/]]6/af6 @$ ;} 3G6f pBf]u ;~rfng ug{] u/L a}slNks Joj:yf ldnfPsf] 5 .
-`_;fj{hlgs lgisfzgsf] nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z' Nsx? 5'§f 5'§} ?kdf
k|:t't ug'{kg]{ M
-c_ lgisfzg tyf laqmL k|aGws tyf ;x lgisfzg tyf laqmL k|aGwsx?nfO{–s"n lgisflzt /sdsf] )=)&%
-cf_ 6«i6L -l8j]~r/ lgisfzgsf] xsdf_– lgisfzg ul/g] l8j]~r/ geO{ ;fwf/0f z]o/ ePsf] .
-O_ k|Tofe"ltstf{ z'Ns– ;j{;fwf/0fdf hf/L x'g] #,^)),))) lsQf z]o/sf nflu k|Tofe"ltstf{ gful/s nufgL
sf]if, Unf]an cfOPdO{ Soflk6n ln=, PgcfOPdla P; Soflk6n ln= / k|e ' Soflk6n
ln= nfO{ s"n ?= ^,$(^,@)).– k|Tofe"lt z'Ns e'QmfgL ul/g] .
-O{_ lj1sf] kfl/>lds jf ;]jf z'Ns M lgisfzg sDkgLn] lbPsf] k|If]lkt ljQLo ljj/0fx?sf] cfwf/ k|dfl0ft ug]{
lj1nfO{ lbPsf] z'Ns -;'efif P08 sDkgL rf6{8{ Psfp06]06, k"/fgf]
afg]Zj/, sf7df08f}+_– ?=!)),))).–
-p_ n]vfkl/Ifssf] z'Ns – ?=!,))),))).–
-pm_ cGo – ;"rgf k|sfzg, cfj]bg k|zf]wg nufotsf cGo vr{x? lan adf]lhd .

g]kfn lwtf]kq af]8{af6 l;–cf:af k|0ffnL sfof{Gjog e};s]sf] ;Gbe{df g]kfn lwtf]kq af8{af6 :jLs[t k|fKt
l;–cf:af ;b:o a}+s tyf ljQLo ;+:yf / ltgsf tf]lsPsf zfvf sfof{nox? o; lgisfzgsf] nflu ;+sng
s]Gb|sf] ?kdf /xg]5g\ . l;–cf:af ;b:o a}+s tyf ljQLo ;+:yfx?nfO{ s'g} z'Ns e'QmfgL ug'{ gkg]{ / lghx?n]
g]kfn lwtf]kq af]8{n] tf]s] adf]lhdsf] z'Ns lgisfzg tyf laqmL k|aGwsnfO{ e'QmfgL ug]{5g\ . l;–cf:af k|0ffnL
sfof{Gjog ePsf] ;Gbe{df lgisfzg a}+ssf] cfjZostf gx'g] ePtf klg cfjZostf cg';f/ lgisfzg a}+s vf]Ng
;lsg]5 / ;f] sf] hfgsf/L g]kfn lwtf]kq af]8{nfO{ clu|d ?kdf u/fOg]5 .

50
u=!)=u= ;fj{hlgs lgisfzgaf6 k|fKt /sdnfO{ cfof]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tT;DaGwL
ljj/0f M ;f] gePsf] .

u=!)=3= lk|ldoddf lwtf]kq hf/L ug]{ ePdf lk|ldod d"No lgwf{/0f ubf{ ckgfO{Psf] ljlw / cf}lrTo M sDkgLsf] hf/L k"FhL
?=$,^%),))),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8 ?k}ofF dfq_ sf] !@=()## k|ltztn] x'g cfpg]
?=^)),))),))).– -cIf/]kL ;f7L s/f]8 dfq_ a/fa/sf] k|lt z]o/ c+lst d"No ?=!)).– b/sf] ^,))),))) -;f7L
nfv dfq_ lsQf z]o/sf] $) k|ltzt cyf{t @,$)),))) -rf}aL; nfv dfq_ lsQf z]o/ a's ljlN8Ë lgb]{lzsf,
@)&& sf] bkmf -!!_ adf]lhd a's ljlN8Ë ljlw dfkm{t g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt tyf g]kfn :6s
PS;r]~h ln=df btf{ -gljs/0f ;d]t_ ePsf of]Uo ;+:yfut nufgLstf{ sDkgLx?nfO{ kl/dflh{t laqmL d'No ;Ldf
?=$)!.– b]lv ?= ^)!.%) leq /xL g]kfn :6s PS;r]~h ln=df af]nkq kmf/fd a'emfpg] u/L uf]Ko zLnaGbL af]nkq
k]z ug{ cfXjfg ul/Psf]df a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf !# sf] pkbkmf -!_ adf]lhd ?=$)^.)) b]lv
?=$)!.)) ;Dd af]nkq k]z ug]{ $! of]Uo ;+:yfut nufgLstf{dWo] afF8kmfF6sf nflu of]Uo $) j6f of]Uo ;+:yfut
nufgLstf{nfO{ afF8kmfF6 ubf{ lgisflzt z]o/ k"0f{ ?kdf laqmL x'g] ePsf]n] s6 ckm d'No ?=$)!.)) -cIf/]kL rf/;o
Ps dfq_ lgwf{/0f ul/Psf] 5 .
;f]xL lgb]{lzsfsf] bkmf -!$_ df ;j{;fwf/0fnfO{ lwtf]kq hf/L ubf{ s6 ckm d'Nodf !) k|ltzt 5'6 lbO{ lgisf;g
ug'{kg]{ Joj:yf /x]sf]n] ;j{;fwf/0f -pBf]u tyf vfgL pTvgg k|efljt If]qdf a;f]af; ug]{ :yflgo afl;Gbf, j}b]lzs
/f]huf/Ldf /lx/x]sf g]kfnL gful/s, sDkgLdf sfo{/t sd{rf/Lx? / ;fd"lxs nufgL sf]ifx? ;d]t_ df lgisf;g ug{
nfluPsf] #,^)),))) lsQf ;fwf/0f z]o/ lgwf{l/t s6 ckm d'No ?=$)!.)) df !) k| ltzt 5'6 lb+bf k|lt z]o/
d'No ?= #^).() -cIf/]kL tLg ;o ;f7L / k};f gAa] dfq_ sfod x'g hfg] ePsf]n] ;f]xL d'Nodf lgisfzg tyf laqmL
v'Nnf ul/Psf] 5 .

u=!)=ª= lwtf]kqsf] afF8kmfF8, lkmtf{ e'QmfgL tyf ;"rLs/0f ;DaGwL ljj/0f M


s_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmfF8sf] k|lqmof M
o; ljj/0fkq dfk{mt hf/L ul/Psf] ;fwf/0f z]o/ ;+Vof eGbf a9L ;+Vofdf ;fwf/0f z]o/ vl/bsf] nflu b/vf:t
k|fKt x'g cfPdf ælwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ -;ftf}+ ;+zf]wg ;lxt_Æ df ePsf] Joj:yf
cg';f/ ;fwf/0f z]o/x? afF8kmFf8 ul/g]5 . olb lgisfzg ul/Psf] z]o/sf] ;+Vof eGbf sd ;+Vofdf ;fwf/0f z]o/
vl/bsf nflu b/vf:t k|fKt x'g cfPdf dfu adf]lhd z]o/ afF8kmfF 8 u/L afFsL /x]sf] z]o/ k|Tofe"ltstf{x?n]
k|Tofe"lt ;DaGwL ;Demf}tfkqdf ePsf] zt{ adf]lhd vl/b ug]{5g\ .
v_ cToflws dfu ePsf] jf afF8kmfF8 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DaGwL Joj:yf M
lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ -;ftf}+ ;+zf]wg ;lxt_ df ePsf] Joj:yf cg';f/ pBf]u tyf
vfgL pTvgg\ k|efljt If]qsf :yfgLo afl;Gbfx?, j}b]lzs /f]huf/Ldf /x]sf g]kfnLx? tyf ;j{;fwf/0fnfO{ z]o/
afF8kmfF8 u/] kZrft\ afF8kmfF8df gk/]sf] /sd cfj]bgstf{n] cfj]bg kmf/fddf pNn]v u/]sf] a}+s vftfdf ;f]em}
hDdf x'g] u/L IPS dfkm{t lkmtf{ e'QmfgL lbg] Joj:yf ldnfO{g] 5 . t/ cf:af k|0ffnL dfkm{t cfj]bg lbPsf
cfj]bgstf{x? -j}b]lzs /f]huf/df /x]sf g]kfnL tyf cGo ;j{;fwf/0f_ sf] xsdf z]o/ afF8kmfF8 u/L k"0f{ jf cf+lzs
?kdf :jLs[t÷c:jLs[t ePsf] Joxf]/f pNn]v u/L ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @) sf]
cg';"rL & adf]lhdsf] ljj/0f ;DalGwt cf:af (ASBA) ;b:o a}+s tyf ljQLo ;+:yfx?nfO{ pknAw u/fO{g]5 /
;f]xL ljj/0f cg'?k ;DalGwt cf:af ;b:o a}+s tyf ljQLo ;+:yfx?n] afF8kmfF8df gk/]sf] z]o/ jfktsf] /sd
;DalGwt cfj]bsx?sf] /f]Ssf /x]sf] a}+s vftf km's'jf u/L lkmtf{ ul/lbg]5 .
u_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Aofhb/ M
l;–cf:af (C-ASBA) ;b:o a}+s tyf ljQLo ;+:yfaf6 cfj]bg lbg] cfj]bsx?sf] xsdf lghsf] vftfdf /x]sf] /sd
/f]Ssf dfq x'g] / afF8kmfF8 kZrft\ lghn] k|fKt ug]{ z]o/sf] /sd a/fa/sf] /sd afx]s cGo /sd km's'jf x'g]
ePsfn] Aofh lbg'gkg]{ .
3_ lwtf]kqsf] afF8kmfF8 tyf k|df0fkq hf/L ;DaGwL k|lqmof / ;dofjlw M
o; ljj/0fkq dfkm{t ;fj{hlgs lgisfzg ul/g] ;fwf/0f z]o/ k|rlnt ælwtf]kq lgisfzg tyf afF8kmfF 8 lgb]{lzsf,
@)&$ -;ftf}+ ;+zf]wg ;lxt_Æ ;DaGwL Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF 8 u/L ;DalGwt lgsfodf
;"rLs/0f kZrft\ ;DalGwt cfj]bsn] cfj]bg kmf/fddf pknAw u/fPsf] lxtu|fxL vftfdf afF8kmfF 8df k/]sf] z]o/
ljt/0f ug]{ Joj:yf ldnfOg]5 .
ª_lwtf]kq ;"lrs/0f e};s]sf] eP To:tf] lwtf]kq ;"lrs/0f ul/Psf] lwtf]kq ahf/sf] gfd lwtf]kq sf/f]jf/ z'? x'gsf]
nflu ;+ul7t :f+:yfn] k"/f ug'{kg]{ zt{x? ;DaGwL ljj/0f M lgisfzg ul/g] ;fwf/0f z]o/ xfn;Dd g]kfn :6s
PS;r]~h ln=df ;"lrs/0f e}g;s]sf] .

51
-r_lwtf]kq ;"lrs/0f e}g;s]sf] eP, sDkgLn] lgisfzg tyf laqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod cg';f/ ;xh
vl/b/laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M
xfn ;Dd g]kfn :6s PS;r]Gh ln=df ;"rLs/0f eO g;s]sf] xF'bf o; ;fj{hlgs lgisfzg dfkm{t lgisfzg ul/g]
z]o/sf] afF8kmfF8 kZrft\ g]kfn :6s PS;r]~h ln= tyf l;l8P; P08 lSnol/Ë ln=df k|rlnt lgodfg';f/
;"rLs/0f tyf btf{ u/fO{ z]o/ vl/b laqmL tyf /fkm;fkmsf] nflu cfjZos Joj:yf ldnfOg]5 .

u=!)=r=k|Tofe"lt ;DaGwL ljj/0f M


s_ lwtf]kq k|Tofe"lt ug]{ ;+ul7t ;+:yfsf] gfd, 7]ufgf / k|Tofe"lt ug]{ lwtf]kqsf] ;+Vof / /sd M o; ljj/0fkq dfkm{t
;j{;fwf/0fnfO lgisfzg ug{ nfluPsf] #,^)),))) lsQf z]o/ a's lalN8Ë lgb]{lzsf, @)&& adf]lhd of]Uo ;+:yfut
nufgLstf{nfO{ af]nsaf]n k|0ffnL dfkm{t lgisf;g u/L afF8kmfF8 ubf{ lgwf{/0f ePsf] s6 ckm d'No ?=$)!.)) df !)
k|ltzt 5'6 lbO{ k|lt z]o/ d'No ?= #^).() sf] b/df lgisfzg ug]{ k|of]hgfy{ pQm lwtf]kq k|Tofe"lt ug{sf nflu
tk;Ln adf]lhdsf k|Tofe"ltstf{x?af6 k|Tofe"lt ;]jf lng] u/L k|Tofe"lt ;Demf}tf ul/Psf] 5 .
qm=;+= k|Tofe"ltstf{sf] gfd k|Tofe"t z]o/ lsQf k|Tofe"t ul/Psf] /sd -?=_
! gful/s nufgL sf]if #,$@),))) !,@#$,@&*,))).))
@ Unf]an cfOPdO{ Soflk6n ln= ^),))) @!,^%$,))).))
# PgcfOPdla P; Soflk6n ln= ^),))) @!,^%$,))).))
$ k|e' Soflk6n ln= ^),))) @!,^%$,))).))
hDdf #,^)),))) !,@((,@$),))).))

v_ lwtf]kq k|Tofe"ltstf{;Fu ul/Psf] ;Demf}tfsf] d"Vo–d"Vo aF"bfx? M o; ljj/0fkq dfkm{t lgisfzg ug{ nfluPsf]
lwtf]kqsf] k|Tofe"ltstf{ ;Fu ul/Psf] ;Demf}tfsf] d"Vo–d"Vo aF'bfx? b]xfo adf]lhd /x]sf] 5 M
1. k|Tofe"ltstf{x?n] ;j{;fwf/0fdf lgisfzg ul/g] s"n #^,)),))) lsQf ;fwf/0f z]o/x?sf k|lt z]o/ ?=#^).()
sf] b/n] x'g cfpg] ?= !,@((,@$),))).– /sd a/fa/sf] clwgdf /xL lgisfzg cjlwdf dfu eP adf]lhd
cfj]bg k|fKt x'g gcfPdf afFsL /x]sf z]o/ vl/b ug{] bfloTj k|Tofe"ltstf{x?n] cfkm'n] k|Tofe"lt u/]sf] z]o/
/sdsf] cg'kftdf vl/b u/L lng d~h"/ ub{5g\ .
2. k|Tofe"ltstf{x?n] lgisfzg sDkgLsf] z]o/ k|Tofe"ltsf nflu ul/Psf] ;Demf}tfkq cg';f/ cfkm'n] sa'n u/]sf]
z]o/ lsQf ;Ddsf] dfq bfloTj axg ug{]5g\ .
3. k|Tofe"ltstf{x?nfO{ k|Tofe"lt ;]jf k|bfg u/] jfkt s"n ?=^,$(^,@)).– z'Ns e'QmfgL lbOg]5 . ;f] z'Nsdf
k|rlnt sfg"g adf]lhd g]kfn lwtf]kq af]8{nfO{ a'emfpg' kg{] sldzg tyf s/ sfof{nodf a'emfpg'kg{] s/ ;d]t
;+nUg /x]sf] 5 .
4. ;Demf}tf cg';f/ k|Tofe"lt ul/Psf] z]o/ k"0f{ jf cf+lzs ?kdf vl/b ug{'kg{] cj:yf cfPdf k|Tofe"ltstf{x?n]
;Demf}tfkqsf] bkmf -!_ df pNn]lvt k|Tofe"ltt z]o/sf] cg'kftdf vl/b ug{] z]o/sf] /sd lgisfzg sDkgLn]
lgisflzt z]o/ afF8kmfF6 eP kZrft\ dfu u/]sf] #) -tL;_ lbgleq lgisfzg sDkgLnfO{ r'Qmf ug{'kg{]5 .
To;}u/L k|Tofe"ltstf{n] lgisfzg sDkgLnfO{ /sd e'QmfgL u/]kl5 lgisfzg sDkgLn] lgisfzg tyf laqmL
k|aGws dfkm{t ;f]xL cg';f/ z]o/ afF8kmfF8 u/L ;f] z]o/x? k|Tofe"ltstf{n] pknAw u/fPsf] lxtu|fxL vftdf
pknAw u/fpg' kg{]5 .
5. lgisfzg sDkgLsf] z]o/ ;j{;fwf/0fdf laqmL ubf{ ;Dk"0f{ z]o/sf nflu cfj]bg k|fKt ePdf k|Tofe"ltstf{sf]
bfloTj :jtM k"/f x'g]5 .
6. lgisfzg sDkgLn] lgisfzg ug{ nfluPsf] z]o/sf] lgisfzg tyf laqmL v'Nnf x'g' cufj} s'g} k|sf/sf
lgisfzgnfO{ k|efljt x'g] k|s[ltsf] 36gf 36]df h:t}M s'g} sfg"gL sf/jfxL k/]df, ;~rfns ;ldltdf ;f/e't
kl/jt{g ePdf, ;~rfnsx? jf %Ü eGbf a9L z]o/ wf/0f ug]{ ;+:yfksx? shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf
k/]df jf Force Majeure h:t}M e"sDk, af9L, klx/f] / cGo k|fs[lts ljkQL, aGb, x8\tfn h:tf sf/0fn] 7"nf]
gf]S;fgL Joxf]g'{ kg]{ ePdf, dxfdf/Lsf] sf/0fn] c;fdfGo cj:yf pTkGg ePdf jf bfloTj >[hgf ePdf ;f]
s'/fsf] hfgsf/L ;fj{hlgs ?kdf cfpg' cufj} oyflz3| lnlvt ?kdf k|Tofe"ltstf{nfO{ hfgsf/L u/fpg' kg]{5 .
To;af6 cfpg ;Sg] hf]lvdsf] k"gd"{NofÍg u/] kZrft\ dfq ;DalGwt kIfx?sf] ;xdltdf k|Tofe"lt
;Demf}tfkqsf] kfngf ug{ u/fpg lgisfzg sDkgL d~h"/ ub{5 .
7. k|Tofe"lt ;Demf}tfsf] cjlw ;DalGwt kIfx?n] x:tfIf/ u/]sf] ldltn] ^ -5_ dlxgf;Dd sfod x'g]5 .
8. k|Tofe"lt ;Demf}tfsf] sfof{Gjog k|rlnt d'n'sL b]jfgL ;+l xtf, @)&$ adf]lhd x'g]5 .

52
u=!)=5= cfj]bg lb+bf Wofg lbg' kg]{ s'/fx? M
sDkgLn] cfˆgf] hf/L k"FhL ?=$,^%),))),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8 ?k}+of dfq_ sf] !@=()## k|ltztn]
x'g cfpg] ?=^)),))),))).–-cIf/]kL ;f7L s/f]8 dfq_ a/fa/sf] k|lt lsQf z]o/ c+lst d"No ?=!)).– b/sf]
^,))),))) lsQf z]o/dWo] @,$)),))) lsQf z]o/ of]Uo ;+:yfut nufgLstf{x?nfO{ afF8kmfF8 u/] kZrft\
;j{;fwf/0fsf nflu 5'6\ofO{Psf] #,^)),))) lsQf z]o/dWo] @,$*,$&) lsQf pBf]u tyf vfgL pTvgg\ k|efljt
If]qdf a;f]af; ug]{ :yflgo afl;Gbfx?nfO{, @,^&,))) lsQf j}b]lzs /f]huf/Ldf /lx/x]sf g]kfnL gful/sx?nfO{,
!,%$,@@& lsQf ;fd"lxs nufgL sf]ifx?nfO{ afF8kmfF8 u/] kZrft\ !,%$,@@& lsQf z]o/ sDkgLdf sfo{/t
sd{rf/Lx?sf nflu ;'/lIft u/L afFsL /x]sf] @&,&^,)&^ lsQf ;fwf/0f z]o/ ;j{;fwf/0fdf ;fj{hlgs lgisfzg ul/g]
ePsf]n] lgDg adf]lhdsf] k|lqmof k'/f ePsf] cj:yfdf vl/b ug{ cfj]bg lbg ;lsg]5 M
1) s'g} klg g]kfnL gful/sn] o; ljj/0fkq dfkm{t hf/L ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbg
;Sg]5g .
2) cfj]bsn] l;–cf:af k|0ffnLaf6 cfˆgf] vftf /x]sf] a}+s tyf ljQLo ;+: yf dfkm{t dfq cfj]bg lbg' kg]{5 .
3) cfj]bsn] cfj]bg lbg' k"j{ cfˆgf] vftf /x]sf] ;DalGwt a}+s tyf ljQLo ;+:yfdf uO{ ælwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]lGb|s[t ljB'lto ;]jf sfo{ ;~rfng lgb]{lzsf, @)&$Æ sf] cg';"rL–$ adf]lhdsf] l;–cf:af
/lhi6«]zg kmf/fd e/L CRN gDa/ lng'kg]{5 .
4) cfj]bssf] a}+s vftfdf ePsf] ljj/0f / cg';"rL–$ df pNn]v u/]sf] ljj/0f ldNg'kg]{5 .
5) cfj]bsn] CRN gDa/ k|fKt u/] kZrft\ z]o/ vl/bsf nflu tf]lsPsf] 9fFrfdf ;DalGwt a}+s tyf ljQLo ;+:yfdf
lwtf]kq vl/bsf nflu cfj]bg lbg'kg]{5 .
6) cfj]bsn] cfj]bgdf pNn]v u/]sf] lxtu|fxL kl/ro gDa/ / cGo ljj/0f l;–cf:af ;ˆ6j]o/df /x]sf] cfj]bssf]
lxtu|fxL vftf / cGo ljj/0f;Fu ?h' x'g'kg]{5 .
7) cfj]bsn] cfj]bg kmf/fd a'emfpFbf b]xfosf s'/fx?df ljz]if Wofg lbO{ :ki6 ;Fu cfj]bg kmf/fd e/L a'emfpg'
kg]{5 M
s_ lwtf]kq lgisfzgstf{ sDkgLsf] gfd .
v_ cfj]bssf] gfd, y/, 7]ufgf, gful/stf gDa/, b:tvt, ;Dks{ kmf]g gDa/, Od]n .
u_ gfafns / ljlIfKt JolQmsf] xsdf ;+/Ifssf] gfd, y/ / gftf .
3_ vl/b ug{ rfx]sf] lwtf]kqsf] ;+Vof -c+s / cIf/df_ .
ª_ vl/b ug{ rfx]sf] lwtf]kq jfktsf] /sd -c+s / cIf/df_ .
r_ cfj]bssf] vftf /x]sf] a}+s÷ljQLo ;+:yfsf] gfd, 7]ufgf, vftf gDa/ / vftfsf] lsl;d .
5_ cfj]bssf] lxtu|fxL (DEMAT) vftf gDa/ .
8) cfj]bsn] cfj]bg lbFbf l;–cf:af ;b:o a}+s÷ljQLo ;+: yfx?df /x]sf] cfj]bg jfktsf] /sd /f]Ssf /flvg] vftf
cGo s'g} k|sf/n] /f]Ssf /x]sf] jf lgis[o (Dormat) /x]sf] x'gx'Fb}g .
9) cfj]bg lbPsf] /sd a/fa/sf] /sd vftfdf x'g' kg]{5 .
10) Ps JolQmn] cfkm"n] vl/b ug{ rfx]sf] ;fwf/0f z]o/sf] nflu Ps eGbf a9L b/vf:t lbg] kfOg] 5}g . olb Ps
JolQmsf] gfddf Ps eGbf a9L cfj]bg k|fKt x'g cfPdf ;Dk"0f{ b/vf:tnfO{ /2 ul/g]5 .
11) lwtf]kq vl/bsf nflu b/vf:t lbFbfsf] cj:yfdf jf b/vf:t lbO{ ;s]kl5 vl/b u/]sf] lwtf]kq jfktsf] /sd
e'QmfgL gx'Fb} k|rlnt sfg"g adf]lhd clwsf/ k|fKt clwsf/L jf lgosfoaf6 nufgLstf{sf] vftf /f]Ssf /fVg]
cfb]z k|fKt ePdf lgisfzg tyf laqmL k|aGwsn] To:tf] b/vf:t kmf/fdnfO{ cfb]z adf]lhd ul/g]5 .
12) lwtf]kq afF8kmfF8 ug'{k"j{ clVtof/ k|fKt lgsfoaf6 s'g} nufgLstf{sf] vftf /f]Ssf /fVg cfb]z jf lgb]{zg k|fKt
ePdf ;DalGwt a}+s jf ljQLo ;+:yfn] To:tf] cfb]z jf lgb]{zg cg';f/ ;DalGwt nufgLstf{sf] vftf /f]Ssf u/L
To;sf] hfgsf/L t'?Gt lgisfzg tyf laqmL k|aGwsnfO{ lbg'kg]{5 .
13) l;l8P; P08 lSnol/Ë lnld6]8 åf/f ;+rflnt æd]/f] z]o/Æ ;ˆ6j]o/af6 klg cfj]bsn] cfj]bg ug{ ;Sg]5g\ .
To;sf nflu cfj]bsn] cfˆgf] lxtu|fxL vftfdf a}+s vftfsf] ljj/0f pNn]v ul/;s]sf] x'g'kg]{5 / ;DalGwt a}+s
tyf ljQLo ;+:yfaf6 CRN gDa/ lnO;s]sf] x'g'kg]{5 .
14) z]o/ afF8kmfF8 u/L ;"lrs/0f eP kZrft\ afF8kmfF8df k/]sf cfj]bsx?nfO{ afF8kmfF8df k/]sf] z]o/ lghx?sf]
lxtu|fxL vftfdf hDdf ug]{ Joj:yf ul/g]5 .
15) o; ljj/0fkq dfk{mt lgisfzg ul/g] z]o/sf nflu Go"gtd %) -krf;_ lsQf tyf ;f] eGbf a9Lsf nflu !)
c+ssf] u'0ffÍdf clwstd !),))) -bz xhf/_ lsQf ;Ddsf nflu cfj]bg lbg ;lsg]5 .

53
sDkgLsf] k|aGwkq, lgodfjnL tyf ljj/0fkq k|fKt ug]{ jf x]g{ ;lsg] :yfgx? M
qm=;+= sDkgLsf] gfd / 7]ufgf s}lkmot
!= lgisfzgstf{ sDkgL M ;jf]{Qd l;d]G6 ln=, ;'ljwfgu/, tLgs'g], sf7df08f}+ .
sfof{no ;doleq
@= lgisfzg tyf laqmL k|aGws M Unf]an cfOPdO{ Soflk6n ln=, gS;fn, sf7df08f}+ .
;Dks{ /flv k|fKt ug{
#= ;x lgisfzg tyf laqmL k|aGws M PgcfOPdla P; Soflk6n ln=, nflhDkf6, sf7df08f}+ .
jf x]g{ ;lsg]5 .
$= ;x lgisfzg tyf laqmL k|aGws M k|e' Soflk6n ln=, sdnfbL, sf7df08f} .
%= g]kfn lwtf]kq af]8{sf] j]a;fO6 M www.sebon.gov.np ljj/0fkq x]g{ ;lsg]5 .

u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M


lgisfzgstf{ sDkgL / lgDg lnlvt kIf aLr ljut @ jif{sf] cjlwdf s'g} k|sf/sf] j:t'ut sf/f]jf/ ePsf] jf s'g}
sf/f]jf/ ug{ k|:tfj ul/Psf] eP sf/f]jf/df ;+nUg JolQmx?sf] gfd, ltgLx?sf] sDkgL;Fusf] ;DaGw, sf/f]af/sf]
k|s[lt / /sd M
-s_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;~rfnssf] ?kdf /x]sf] AolQm M cf=j=@)&(÷)*) df ePsf] sf/f]af/
ljj/0f b]xfo cg';f/ tflnsfdf pNn]v ul/Psf] 5 M
sf/f]af/ /sd sf/f]af/sf]
;DalGwt kIfsf] gfd sf/f]af/df ;+nUg ePsf] sf/0f
-?=xhf/df_ k|s[lt
802,969
;jf]{Qd l;d]G6 ln=sf] ;~rfns ;jf]{Qd ldg/N;\ k|f=ln=
;jf]{Qd ldg/N; k|f=ln= vl/b
df cWoIf kbdf /xg'ePsf] .
;jf]{Qd l;d]G6 ln=sf] ;~rfns ;jf]{Qd ldg/N;\ k|f=ln=
;jf]{Qd ldg/N; k|f=ln= 1,544,221
laqmL
df cWoIf kbdf /xg'ePsf] .
105,677,991
;jf]{Qd l;d]G6 ln=sf] ;~rfns hubDaf l;d]G6 k|f=ln=
hubDaf l;d]G6 k|f=ln= vl/b
df ;~rfns kbdf /xg'ePsf] .
605,360,379
;jf]{Qd l;d]G6 ln=sf] ;~rfns hubDaf l;d]G6 k|f=ln=
hubDaf l;d]G6 k|f=ln= laqmL
df ;~rfns kbdf /xg'ePsf] .
z'e>L hubDaf l;d]G6 k|f=ln= 414,072,585
;jf]{Qd l;d]G6 ln=sf] ;~rfns z'e>L hubDaf l;d]G6 vl/b
k|f=ln= df ;~rfns kbdf /xg'ePsf] .
49,114,197
;jf]{Qd l;d]G6 ln=sf] ;~rfns z'e>L hubDaf l;d]G6
z'e>L hubDaf l;d]G6 k|f=ln= laqmL
k|f=ln= df ;~rfns kbdf /xg'ePsf] .
44,643,410
;jf]{Qd l;d]G6 ln=sf] ;~rfns nIdL l:6N; ln= df
nIdL l:6N; ln= vl/b
cWoIf kbdf /xg'ePsf] .
11,129,983
;jf]{Qd l;d]G6 ln=sf] ;~rfns nIdL l:6N; ln= df
nIdL l:6N; ln= laqmL
cWoIf kbdf /xg'ePsf] .
3,474,257
;jf]{Qd l;d]G6 ln=sf] cWoIf ;jf]{Qd l:6n k|f=ln= df
;jf]{Qd l:6n k|f=ln= vl/b
cWoIf kbdf /xg'ePsf] .
372,781
;jf]{Qd l;d]G6 ln=sf] cWoIf ;jf]{Qd l:6n k|f=ln= df
;jf]{Qd l:6n k|f=ln= laqmL
cWoIf kbdf /xg'ePsf] .
383,386
;jf]{Qd l;d]G6 ln=sf] cWoIf ;f}/e kmf]6f] OG6/g]zgndf
;f}/e kmf]6f] OG6/g]zgn vl/b
k|f]k|fO6/ .
Gof}kfg] 6fj/ 4,688,631 ;jf]{Qd l;d]G6 ln= sf] cWoIf Gof}kfg] 6fj/sf] k|f]k|fO6/ . vl/b

-v_ cfwf/e"t z]o/wgL M cf=j=@)&(÷)*) df ePsf] sf/f]af/ ljj/0f b]xfo cg';f/ tflnsfdf pNn]v ul/Psf] 5 .
sf/f]af/ /sd
;DalGwt kIfsf] gfd -?=xhf/df_ sf/f]af/df ;+nUg ePsf] sf/0f sf/f]af/sf] k|s[lt
;jf]{Qd l;d]G6 ln=sf] cfwf/e"t z]o/wgL hubDaf
hubDaf l:klgË;\ k|f=ln= !&#,)(# laqmL
l:klgË;\ k|f=ln= df cWoIf kbdf /xg' ePsf] .
-u_ v08 -s_ / -v_ df pNn]lvt s'g} JolQmsf] Psf3/ kl/jf/sf] ;b:o M sf/f]af/ gePsf] .
-3_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;~rfns jf cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/
x'g] u/L z]o/ :jfldTj u|x0f u/]sf] sDkgL jf ;+ul7t ;+:yf M sDkgLsf] sfo{sf/L clws[t jf ;~rfns jf
cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/ x'g] u/L z]o/ :jfldTj u|x0f u/]sf] sDkgL jf
;+ul7t ;+:yfsf] ljj/0f lgDgfg';f/ /x]sf] 5 .

54
#) k|ltzt jf ;f] eGbf dtflwsf/ x'g] u/L z]o/ u|x0f ;jf]{Qd l;d]G6 ln=;Fusf]
qm=;+= gfd, y/
u/]sf] ;+:yfsf] gfd / z]o/ k|ltzt lghsf] cfj4tf
!= >L lai0f' k|;fb Gof}kfg] ;f}/e l6 :6]6df !)) k|ltzt cWoIf
OlG6lu|6L df]laln6L ;f]n';g k|f=ln=df $( k|ltzt
cfO{=Pd=P;=Pu|f] k|f=ln= df %) k|ltzt
@= >L ldgf s'df/L cu|jfn cfO{=Pd=P; 8]enk/ k|f=ln= df $( k|ltzt cfwf/e"t z]o/wgL
x]l/6]h OG6/g];gn k|f=ln= df !)) k|ltzt
;nf]gL 6«]8 sG;g{ k|f=ln= df !)) k|ltzt
hubDaf l;Gy]lyS;df %%=*^ k|ltzt
$= >L b'uf{ k|;fb Gof}kfg] cfwf/e"t z]o/wgL
hubDjf l:klgË ldN; k|f=ln= df %) k|ltzt
Pe/]i6 Kof/]G6]/N; k|f=ln= df !)) k|ltzt
%= >L g]xf cu|jfn ufoqL O{G6/g]zgn k|f=ln= df %) k|ltzt cfwf/e"t z]o/wgL
dfUg'd l8li6«Ao'6;{ k|f=ln= df %) k|ltzt
-ª_ ;+ul7t ;+:yf jf To;sf] ;xfos sDkgLn] xfnsf] ;~rfns jf lghsf] Psf3/sf] kl/jf/sf] ;b:osf nflu s'g}
sf/f]af/ jf ;Demf}tf u/]sf] 5 eg] ;f] jf ljj/0fkq k|sfzg ug'{ eGbf # jif{ cufl8sf] cjlwdf ;+:yfsf]
;~rfns jf ;~rfnssf] Psf3/ kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g}
sf/f]jf/ jf ;Demf}tf u/]sf] 5}g .
-r_ s'g} ;~rfns jf ;~rfnssf] Psf3/ kl/jf/sf] ;b:onfO{ s'g} C0f lbPsf] jf lgh;Fu lnPsf] eP pQm C0f
;DaGwL lj:t[t ljj/0f h:t} C0f afkt lnPsf] /sd, C0fsf] Aofhb/, C0f lnPsf] ldlt, C0f e'QmfgL cjlw
cflb s'/f ljj/0fkqdf v'nfpg' kg]{ M C0f sf/f]af/ u/]sf] 5}g .
u=!@= ljb]zL nufgL / Joj:yfkg ;DaGwL ljj/0f M
ljb]zL nufgL / Joj:yfkgdf sDkgL ;~rfng x'g] eP ;f] sf] ljj/0fsf ;fy} ;DalGwt ;Demf}tfsf] d'Vo tyf
tflTjs a'Fbfx? M sDkgLdf ljb]zL nufgL / ljb]zL Joj:yfkg g/x]sf] .
u=!#= ;"rLs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfzg ug]{ ePdf b]xfosf] ljj/0f pNn]v ug'{ kg]{ M
-s_ sDkgLsf] ljut # cfly{s jif{sf] k|To]s q}dfl;s cjlwsf] pRrtd, Go"gtd, clGtd ahf/ d"Nosf ;fy} sf/f]jf/
ePsf] z]o/ ;+VofM lgisfzgstf{ sDkgL ;"rLs[t sDkgL gePsf] .
-v_ af]8{df ljj/0fkq btf{sf] nflu k|:t't ug'{ eGbf ^ dlxgf cufl8sf] cjlwsf] dfl;s ?kdf pRr, Go"g / clGtd
d"Nosf ;fy} k|To]s dlxgfdf sf/f]jf/ ePsf] s'n lbg / s'n sf/f]af/ ePsf] lwtf]kqsf] ;+Vof M ;f] gePsf] .

u=!$=kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M


sDkgLn] o; eGbf cufl8 lwtf]kq lgisfzg ubf{ tof/ u/]sf] ljj/0fkq jf cGo ljj/0fx?df pNn]lvt ul/Psf nIo
tyf sfo{qmdx? tyf v'b d'gfkmf xfl;n ug{ ;s]÷g;s]sf], g;s]sf] cj:yfdf nIo tyf sfo{qmdsf ;fy} ljj/0fkq
jf cGo ljj/0fx?df k|If]lkt v'b d'gfkmf eGbf aL; k|ltzt jf ;f] eGbf a9Ln] Go"g x'g uPsf] eP o;/L km/s kgf{sf]
sf/0f M xfn;Dd s'g} ;fj{hlgs lgisfzg gul/Psf] .
u=!%= k/fdz{bftf÷ljz]if1 ;DaGwL ljj/0f M
-s_ n]vfkl/Ifs, k|d'v a}+s, lgisfzg sfo{;Fu ;+nUg a}+s, k|If]lkt ljQLo ljj/0f 7Ls 5 egL k|dfl0ft ug]{ lj1
cflbsf] gfd tyf 7]ufgf M
c_ sDkgLsf] cf=j=@)&*÷)&( sf] cfDbfgL vr{ lx;fa tyf jf;nftsf] n]vfk/LIf0f ug{ z'efif P08 sDkgL
rf6{8{ Psfp06]G6\;, sf7df08f}nfO{ lgo'Qm ul/Psf] 5 .
cf_ o; lgisfzgsf] nflu k|d'v a}+ssf] Joj:yf ul/Psf] 5}g .
O_ o; lgisfzgsf] nflu b]xfosf a}+snfO{ lgisfzg a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf] 5 .
qm=;+= lgisfzg a}+ssf] gfd vftfsf] gfd vftf gDa/
! >L Unf]an cfOPdO{ a}+s ln= GICL-BTI Sarbottam Cement IPO 00101010007840
NIMB ACE CAPITAL SARBOTTAM
@ >L g]kfn OGe]i6d]06 d]uf a}+s ln= CEMENT IPO
03601040265492

# >L zfO{g /];'Ëf 8]enkd]06 a}+s ln= GICL-BTI SARBOTTAM CEMENT IPO 08700100639304000001
$ >L ul/df ljsf; a}+s ln= GICL-BTI SARBOTTAM CEMENT IPO 02500100812969000003

55
% >L d'lQmgfy ljsf; a}+s ln= GICL-BTI SARBOTTAM CEMENT IPO 03410200187183000012
^ >L s[lif ljsf; a}+s ln= GICL-BTI SARBOTTAM CEMENT IPO 0425305366053017
& >L nIdL ;g\/fO{h a}+s ln= GICL-BTI SARBOTTAM CEMENT IPO 0201284938011003
;fy}, cfjZostf cg';f/ lgisfzg aGb x'g' cufj} af]8{nfO{ hfgsf/L lbO{ cGo a}+sx?nfO{ ;d]t o; z]o/
lgisfzgsf] nflu lgisfzg a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 .
O{_ o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ahf/sf] l:ylt,
lgisfzgstf{ sDkgLsf] xfnsf] bIftf / lgisfzgstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df
k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL ;'efif P08 sDkgL rf6{8{ Psfp06]06\;, k'/fgf] afg]Zj/, sf7df08f+}+n]
k|dfl0ft ug'{ePsf] xf] .
p_ ;fj{hlgs lgisfzgsf nflu Unf]an cfOPdO{ Soflk6n lnld6]8nfO{ Corporate Advisory sf] nflu lgo'Qm
u/]sf]df ;f] sfo{ ;DkGg eO{;s]sf] 5 .
-v_ dfly v08 -s_ df pNn]lvt ;+:yf jf JolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M ;f] gePsf] .

u=!^= cfof]hgf ;DkGg ug{sf] nflu ;fj{hlgs lgisfzg afx]s cGo ljQLo >f]tx? k|of]u ul/Psf] 5÷5}g, tT;DaGwL
ljj/0f M pBf]u k"0f{ ?kdf ;~rfng cfO;s]sf] / ;f] k|of]hgsf] nflu tk;Ln adf]lhdsf a}+sx?af6 ldlt @)*)
cflZjg d;fGt ;Ddsf] shf{ pkef]u ul/Psf] 5 .
cNksflng÷rfn' cfjlws cfjlws cfjlws
a}+ssf] gfd hDdf /sd -?=_
k"FhL shf{ -?=_ shf{ -I_ -?=_ shf{ -II_ -?=_ shf{ -III_ -?=_
k|fOd sdl;{on a}+s ln= 2,334,939,128.49 - 9,596,000.00 171,172,500.00 2,515,707,628.49
g]kfn a}+s ln= 1,362,536,551.52 - 17,565,000.00 90,813,500.00 1,470,915,051.52
g]kfn OGe]i6d]06 d]uf a}+s 186,821,142.20 r'Qmf e};s]sf]
ln=
k|e' a}+s ln= 175,501,356.11 r'Qmf e};s]sf]
/fli6«o jfl0fHo a}+s ln= 200,000,000.00 - - - 200,000,000.00
hDdf 3,897,475,680.01 27,161,000.00 261,986,000.00 4,186,622,680.01

u=!&= d'2f tyf ljjfb ;DaGwL ljj/0f M


-s_ g]kfn ljB't k|flws/0fn] o; sDkgLnfO{ pBf]u ;~rfngsf] nflu g]=lj=k|f= k/f;L ljt/0f s]Gb|af6 ljB't pkef]u
ubf{ 8]l8s]]68] lkm8/ ;/xsf] ;'ljwf lnPsf] elg sDkgLnfO{ lalnË u/]sf]df sDkgLn] pQm ;'ljwf glnPsf] tYo
k|df0fsf] cfwf/df ;DdfgLt pRr cbfnt t'n;Lk'/ -a'6jn_ df yk ljB't dxz'n vf/]hLsf] nflu l/6 bfo/ u/]sf]
/ pRr cbfntn] k|flws/0fsf] ljt/0f lgodfjnL, @)&! cg';f/ ul7t k'g/fj]bg ;ldlt ;dIf k'g/fj]bg ug'{ elg
ldlt @)^&÷)^÷@! df l/6 vf/]h ul/lbPkl5 sDkgLn] pRr cbfnt t'n;Lk'/sf] km};nf ab/ u/L yk ljB't
dxz'n ;fFjf /sd ?=$**,^(%,##!.)$ -cf=j=@)&(÷)*) ;Ddsf] Aofh / k]gfn /sd ;d]t u/L s'n ljQLo
bfloTj ?=^&^,%)),&&%.)) /x]sf]_ a/fa/sf] /sd vf/]hLsf] nflu ;DdfgLt ;jf]{Rr cbfnt ;dIf ldlt
@)&&÷)*÷@$ df lnlvt lgj]bg r9fPsf] 5 .
ldlt @)&*÷)(÷@& df pTk|]if0f k/dfb]z dfu u/L hDdf @ j6f @)&&–WO–)$*& / @)&&–RI–!@&# d'2f o;
sDkgL / g]kfn ljB't k|flws/0f aLr /x]sf] ;fy} ;DdfgLt ;af]{Rr cbfntsf] ldlt @)*)÷)#÷)* ut]sf]
cfb]zfg';f/ nufpdf /fVg] lg0f{o eO{ ljrf/flwg cj:yfdf /x]sf] 5 / ;f] sf] k]zL ldlt @)*)÷)(÷)@ ut]
/x]sf] 5 .
-v_ ;+ul7t ;+:yfsf] t/ntf, df}Hbft, sfo{ ;~rfngdf tflTjs c;/ kg]{ vfnsf] s'g} d'2f dfldnf jf ljjfb eP ;f]
;DaGwL ljj/0f tyf pk/f]Qm d'2f jf ljjfbsf] sf/0faf6 kg{ ;Sg] k|efj ;DaGwdf Joj:yfkgsf] wf/0ff M o;
sDkgLn] sf7df08f} lhNnf cbfnt, sf:sL lhNnf cbfnt nufotdf sDkgLsf ljleGg u|fxsx?nfO{ k|ltjfbL
agfO{ s"n lauf] /sd ?=(*,!@*,#@^.@* lbnfO{ e/fO kfpFm egL r]s cgfb/ ;DaGwL d'2f bfo/ u/]sf]df
?=#*,@(!,)&!.)^ a/fa/sf] /sdsf] xsdf km};nf eO{ sfof{Gjogsf] k|lqmofdf /x]sf] 5 eg] ?=%(,*#&,@%%.@@
a/fa/sf] /sdsf] xsdf eg] km};nf e}g;]s]sf] cj:yf 5 .
-u_ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;~rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M s'g}
klg d'2f g/x]sf] .
-3_ ljut kfFr jif{df ;+ul7t ;+:yfsf] s'g} ;+:yfks÷;~rfns sfnf] ;"rLdf k/]sf] jf s'g} g}lts jf cfly{s
sf/0faf6 s'g} lgodg lgsfo jf cbfntn] ;hfo u/fPsf] eP, To:tf] ;+:yfks÷;~rfnssf] gfd / ;hfo ug]{
lgodg lgsfo jf cbfntsf] gfd pNn]v ug'{kg]{ M ;f] gePsf] .
56
-ª_ ;+ul7t ;+:yf a}+s jf ljQLo ;+:yfdf C0f glt/L l8kmN6 ePsf], lgod cg';f/sf] z'Ns glt/]sf],
lwtf]kqjfnfx?sf] s'g} /sd e'QmfgL gul/Psf] eP tT;DaGwL ljj/0fx? M ;f] gePsf] .

u=!*= u'gf;f] ;'Gg] / ;dfwfg ug]{ k|lqmof M


lgisflzt lwtf]kq ;DalGw nufgLstf{x?sf] u'gf;f] tyf ;'emfj ;' Gg tyf ;f] sf] ;dfwfgsf nflu lgisfzg sDkgL
tyf lwtf]kq lgisfzg tyf laqmL k|aGwssf] sfof{nodf Ps ljz]if sIfsf] Joj:yf ul/Psf] 5 . nufgLstf{x?n]
b]xfosf] dfWod dfkm{t cfˆgf] u'gf;f] tyf ;'emfjx? k|]lift ug{ ;Sg]5g\ .
l;=g+= ljj/0f ;Dks{ g+= Od]n 7]ufgf
$!!!&)(
!= lgisfzgstf{ sDkgLsf] tkm{af6 >L gj/fh kf}8]n info@sarbottamcement.com
$!!!($@
@= lgisfzg tyf laqmL k|aGwssf] tkm{af6 >L 5ljnfn zdf{ kf}8]n %(&)!#* info@gicl.com.np
#= ;x–lgisfzg tyf laqmL k|aGwssf] tkm{af6 >L e'jg /fh kGt $%@%@*) info@nimbacecapital.com
$!^(!))
$= ;x–lgisfzg tyf laqmL k|aGwssf] tkm{af6 >L af;' yklnof
%&)@))
info@prabhucapital.com

u=!(= gub glnO{ s;}nfO{ lwtf]kq lgisfzg ul/Psf] 5 eg] To:tf] JolQm jf ;d"xsf] gfd, vl/b ul/Psf] ;DklQ jf ;]jf
;DaGwL ljj/0f, lgisfzg ul/Psf] lwtf]kqsf] ;+Vof / b/ ;DaGwL ljj/0f M ;f] gePsf] .
u=@)= C0fkq lgisfzg ;DaGwL ljj/0f M xfn;Dd sDkgLn] C0fkq hf/L u/]sf] 5}g .

u=@!= cu|flwsf/ z]o/ lgisfzg ;DaGwL ljj/0f M ;f] gePsf] .


u=@@= cGo ;fdfGo hfgsf/L M
-s_ ljz]if1sf] s'g} /fo ePdf, ;f] sf] ljj/0f M
o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfgx? tyf cfwf/x? ut cf=j= x?sf] n]vfkl/If0f
e};s]sf ljQLo ljj/0fx?, pBf]usf] nfut tyf pTkflbt j:t'sf] :j]bzL tyf ljb]zL ahf/ lx:;f, pBf]usf]
pTkfbg Ifdtf, laqmL Ph]G6x?;Fu ePsf ;Demf}tfx?, a}+ saf6 lnOPsf shf{x?, gofF ahf/sf] vf]hL, sDkgLsf
;~rfns tyf Joj:yfkgsf] bIftf / sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg u/L
ljj/0f 7Ls 5 egL k|dfl0ft ug]{ rf6{8{ Psfp06]06 ;+:yf >L ;'efif P08 sDkgL, rf6{8{ PsfpG6]06\;, rf6{8{
Psfp06]06\, sf7df08f}n] k|dfl0ft ug'{ ePsf] 5 .
-v_ ut tLg cfly{s jif{ leqdf s'g} ;~rfns, n]vfk/LIfs kl/jt{g ePsf] eP, ;f] sf] sf/0f M xfn;Dd ;~rfns
;ldltdf ePsf] kl/jt{g b]xfo adf]lhd /x]sf] 5 .
qm= ;~rfnsdf axfn /x]sf] cjlw
;~rfnsx?sf] gfd kb kl/jt{g ePsf] sf/0f
;+= b]lv ;Dd
>L ladn s'df/ ;fj/lyof z]o/sf] ;+/rgf kl/jt{g ePsf]
!= -k|ltlglwTj s[i0f ;~rfns @)&)÷)!÷!* @)&$÷)!÷)$
sf/0f .
OG6/g]zgn k|f= ln=_
3/fo;L sf/0fn] /flhgfdf lbg'
@= >L ldgf s'df/L cu|jfn ;~rfns @)&$÷)!÷)$ @)&&÷!)÷)^
ePsf]
3/fo;L sf/0fn] /flhgfdf lbg'
#= >L b'uf{ k|;fb Gof}kfg] ;~rfns @)&^÷)(÷@( @)&&÷!)÷)^
ePsf]

n]vfk/LIfs M
n]vfk/LIf0f u/]sf]
qm=;+= n]vfk/LIfssf] gfd, 7]ufgf
cf=j=
!= l;=P= >L P;=s]= em'gem'gjfnf, >L ;'efif P08 sDkgL, rf6{8{ PsfpG6]06\;, sf7df08f} . cf=j=@)&&÷&*
@= l;=P= >L kf?n s]l8of, >L lk=s]=P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, 6]axfn, sf7df08f} . cf=j=@)&*÷&(
#= l;=P= lk|of+s kf]v|]n, >L lk|o+fs P08 P;f]l;P6\;\, rf6{8{ Psfp06]06\, sf7df08f} . cf=j=@)&(÷*)

57
-u_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M l;Gw'nL lhNnf sdnfdfO{ g=kf= j8f g+= (, 8fF8f6f]n :yfoL 3/ eO{
xfn eQmk'/ lhNnf ;'o{ljgfos g=kf= j8f g+= @, k|ltef 6f]n lgjf;L, sfg"g ljifodf :gftsf]Q/ tyf /fhgLlts
zf:qdf :gftsf]Q/ tx pQL0f{ z}lIfs of]Uotf xfl;n u/L g]kfn af/ sfplG;naf6 clwjQmfsf] k|df0fkq k|fKt
ug{' ePsf >L gj/fh kf}8]n o; sDkgLsf] sDkgL ;lrjsf] ?kdf sfo{/t x'g'x'G5 .
-3_ ;fj{hlgs lgisfzg ug{sf nflu ;~rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M ;jf]{Qd l;d]G6 ln=sf]
ldlt @)&&÷)*÷)$ ut] a;]sf] ;~rfns ;ldltsf] a}7s tyf ldlt @)&&÷!)÷)^ ut] ;DkGg ePsf] jflif{s
;fwf/0f;efaf6 kfl/t eP adf]lhd sDkgLn] a's lalN8Ë ljlw dfkm{t lwtf]kqsf] ;fj{hlgs lgisfzg ug]{ lg0f{o
u/]sf] 5 . sDkgLsf] ldlt @)&*÷)#÷!) ut] ;DkGg ePsf] ljz]if ;fwf/0f;efaf6 kfl/t eP adf]lhd hf/L
kF"hL ?=$ ca{ ^% s/f]8 a/fa/sf] $,^%,)),))) lsQf z]o/sf] !@=()## k|ltztn] x'g cfpg] ^,))),))) lsQf
z]o/ a's ljlN8Ë ljlwaf6 ;fj{hlgs lgisfzg ubf{ s"n lgisflzt lwtf]kqsf] $) k|ltztn] x'g] @,$)),)))
lsQf z]o/ of]Uo ;+:yfut nufgLstf{x?sf nflu / ^) k|ltztn] x'g] #^,)),))) lsQf z]o/ ;j{;fwf/0f -pBf]u
tyf vfgL pTvgg\ k|efljt If]qsf :yflgo afl;Gbf, j}b]lzs /f]huf/Ldf /lx/x]sf g]kfnL gful/s, ;fd"lxs nufgL
sf]if / sDkgLsf sd{rf/Lx? ;d]t_ df lgisfzg ug]{ lg0f{o u/]sf] 5 .
-ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M
qm=;+= ljj/0f cjlw
k|rlnt cfos/ P]g adf]lhd skf{]/]6 s/sf] b/ @% k|ltzt nfUg]df o;
!= nfu" x'g]
sDkgL ljz]if pBf]u cGtu{tsf] ;+:yf ePsf]n] @) k|ltzt s/sf] b/ nfUg] .
Ps ca{ eGbf al9sf] k"FhL nufgLdf :yfkgf x'g] / %)) hgfeGbf a9LnfO{
jif{el/ g} k|ToIf /f]huf/L k|bfg ug]{ ljz]if pBf]unfO{ sf/f]af/ z'? ePsf] % jif{;Dd k"0f{ ?kn]
@= ldlt @)&!÷!!÷)! b]lv ldlt @)&^÷!)÷#) ;Dd cfos/ 5'6 lbg] cfos/ 5'6
Joj:yf /x]sf] .
ldlt @)&^÷!!÷)! b]lv ldlt @)&(÷!)÷#) b]lv krf; -%)_ k|ltzt # jif{;Dd %)% dfq
#= cfos/ nfUg] Joj:yf /x]]sf] nfUg] .

-r_ ;+ul7t ;+:yfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f
k|fKt ug{ jf x]g{ ;Sg] 7fpF / ;do M sfof{no ;doleq lgDglnlvt :yfgx?df sDkgLsf] kl5Nnf] cfly{s jif{sf]
n]vfk/LIf0f ePsf] jf;nft, gfkmf–gf]S;fg lx;fj tyf gub k|jfxsf] ljj/0f k|fKt ug{ jf lg/LIf0f ug{ ;lsg]5 .
!= sDkgLsf] /lhi68{ -skf]{/]6_ sfof{no, tLgs'g], ;'ljwfgu/, sf7df08f}+ .
@= lwtf]kq lgisfzg tyf laqmL k|aGws Unf]an cfOPdO{ Soflk6n ln=, gS;fn, sf7df08f} .
#= lwtf]kq ;x–lgisfzg tyf laqmL k|aGws PgcfOPdla P; Soflk6n ln=, nflhDkf6, sf7df08f}= .
$= lwtf]kq ;x–lgisfzg tyf laqmL k|aGws k|e' Soflk6n ln=, sdnfbL, sf7df08f}+ .
-5_ af]g; z]o/ ;DaGwL Joj:yf M xfn;Dd sDkgLn] lgDgfg';f/ af]g; z]o/ hf/L ul/Psf] Joxf]/f cg'/f]w 5 .
qm=;++= cfly{s jif{ ;fwf/0f;ef ePsf] ldlt af]gz k|ltzt
!= @)&&÷)&* @)&*÷)#÷!) !(=!!*%
-h_ z]o/jfnf, sd{rf/L jf c? s;}sf] nflu z]o/ ;'/lIft ug]{ Joj:yf ul/Psf] ePdf ;f] s'/f M lwtf]kq lgisfzg
tyf afF8kmfF8 lgb]{lzsf, @)&$ / a's lalN8Í lgb]{lzsf, @)&& df ePsf] Joj:yf cg';f/ ul/g] 5 .
-em_ sDkgLn] sDkgL P]gn] u/]sf] Joj:yfx?, cfˆgf] sf/f]af/;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf k"0f{
kfngf u/]sf] ;DaGwdf u/]sf] pb\3f]if0f M sDkgLn]] sDkgL P]g, @)^# n] u/]sf] Joj:yfx?, cfkm"n] ug]{
Joj;fo;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf tyf lgodg lgsfox?n] lbPsf] lgb]{zgx?sf] k"0f{?kdf
kfngf u/]sf] 5 / ;f]xL lgb]{zgx?sf] bfo/f leq /xL sfo{ ul//x]sf] / o; ljj/0fkqdf pNn]v ul/Psf] ljj/0fx?
;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg] sDkgLsf] pb\3f]if0f /x]sf] 5 . sDkgLsf] rf}+yf] jflif{s ;fwf/0f ;ef
ldlt @)&(÷)(÷@* ut] ;DkGg eO{ sDkgL P]g adf]lhdsf] sfo{ ;dodf g} kfngf eO/x]sf] 5 . sDkgLsf s'g}
klg ;~rfns tyf cfwf/e't z]o/wgLx? sfnf];'rLdf g/x]sf] ;fy} of]Uo /x]sf] sDkgLsf] pb\3f]if0f /x]sf] 5 .
-`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M o; ljj/0fkq dfkm{t\ lgisflzt ;fwf/0f z]o/ laqmL ljt/0fsf nflu
pBf]u tyf vfgL pTvgg\ k|efljt If]qsf afl;Gbfx?n] tf]lsPsf] ;+sng s]Gb|af6 cfj]bg lbg ;Sg]5g\ eg] cGo
;j{;fwf/0fn] g]kfn lwtf]kq af]8{af6 Ohfhtkq k|fKt cf:af ;b:o a}+s tyf ljQLo ;+:yfx? tyf ltgsf
tf]lsPsf zfvf sfof{nox?af6 cfj]bg lbg;Sg] Joj:yf ul/Psf] 5 .
58
-6_ qm]l86 /]l6Ë ;DaGwL Joj:yf M
o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&#
-t];|f] ;+zf]wg ;lxt_ df ePsf] Joj:yf adf]lhd sDkgLsf] O:o'c/ /]l6Ë u/fpg' kg]{ ePsf]n] qm]l86 /]l6Ë
lgodfjnL, @)^* sf] lgod # adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf g]kfn ln=,
l8NnLahf/, sf7df08f}+af6 O:o'c/ /]l6Ë u/fO{ "[ICRANP-IR] BBB" (pronounced ICRA NP Issuer Rating
Triple B) k|df0fkq k|fKt u/]sf] 5 . "[ICRANP-IR] BBB" n] ;dodfg} ;'/lIft ?kn]] ljQLo bfloTj jxg ug{
dWod :t/sf] Ifdtf /x]sf] ;+:yf (Moderate degree of safety regarding timely servicing of financial
obligations) eGg] a'lemG5 . O{qmf g]kfn ln=n] ICRANP-IR AAA b]lv ICRANP-IR D ;Ddsf] /]l6Ë k|bfg ub{5 .
h;df /]l6Ë "ICRANP-IR AAA" n] Highest degree of Safety Regarding Timely Servicing of Financial
Obligation hgfpF5 eGg] "ICRANP-IR D" n] Default or are Expected to be in Default soon eGg] hgfpF5 .

-7_ ljj/0fkq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M o; ljj/0fkq tof/ kfg]{
Joj;flos ;+:yfdf lwtf]kq lgisfzg tyf laqmL k|aGws Unf]an cfOPdO{ Soflk6n lnld6]8, gS;fn, ;x
lgisfzg tyf laqmL k|aGwsx? qmdzM PgcfOPdla P; Soflk6n ln= nflhDkf6 / k|e' Soflk6n ln=, sdnfbL,
sf7df08f}+ /x]sf] 5 .
-8_ ;sf/fTds kIfx? M
1. ;jf]{Qd l;d]G6 8]gdfs{af6 cfofltt cTofw'lgs VRM k|ljlw k|of]u ul/Psf] l;d]G6 pTkfbg ubf{ ljB'tdf
#)Ü jrt x'g] tyf sf]Onf vktdf @)Ü ;Dd jrt x'g] ePsfn] nfut sd x'g] .
2. r'g9'Ëf ;+sngsf] nflu k|ofKt If]qkmn ;lxtsf] r'g9'Ëf /fVg ;Sg] Ifdtfo'Qm e08f/0f .
3. jftfj/0fLo jfo' k|b'if{0f lgoGq0fsf nflu Aofu lkmN6/ / Aofu xfp; lgdf{0f tyf g]kfn u'0f:t/ lrGx, ISO
k|df0fkq !$))!M@)!% / cfO;cf] k|df0f kq ())!M@)!% sf] dfGotf k|fKt .
4. pBf]udf @$ ;} 306f cfˆg} cTofw'lgs Nofjaf6 x/]s 306fdf pTkfbg k/LIf0f ug{] Joj:yf ePsf] .
5. r'g9'Ëfsf] u'0f:t/ kl/If0fsf] nflu :jrflnt X-Ray Machinery pBf]u d} hl8t .
6. cfufdL # jif{;Dd cfos/df %)Ü 5'6 ePsf] .
7. b'O{ bzseGbf a9L l;d]G6 pBf]u ;~rfng u/]sf cg'ejL ;~rfnsx?af6 ;~rflnt pBf]u .
8. sDkgL;+Fu () jif{nfO{ k'Ug] r'g9'ªf vfgL /x]sf]n] eljiodf bf]Aa/ Ifdtf j[l4 ug{ kof{Kt /x]sf] .
9. ICRA Nepal Ltd. n] sDkgLsf] Issuer Rating df pNn]v u/] cg';f/ ahf/df pRr k|lt:kwf{df v/f] ?kn]
nfdf] ;dosf nflu pqg ;Sg] Ifdtf /x]sf] .
10. ^) xhf/ d]=6g eGbf a9L e08f/0f Ifdtf ePsf] lSn+s/ esf/L -;fOnf]_ /x]sf] .
11. @)=)% d]=jf6 Ifdtf ePsf] ljB'lto cfk"lt{ lbg] cfGtl/s ;|f]t /x]sf] .
12. vfgL b]lv pBf]u;Ddsf] cf}ift b"/L lgs} sd /x]sf] .
13. km/s–km/s k|sf/ tyf u|]8sf] l;d]G6 :jrflnt ?kdf Ps} k6sdf KoflsË tyf lgisfzgsf nflu b'O{ j6f
KoflsË KnfG6 /x]sf] .
14. ljB'tsf] nf]8;]l8ª ePdf pBf]usf] cfˆg} % d]ufjf6sf] yd{n kfj/ KnfG6, $=&% d]=jf= sf] l8h]n KnfG6 /
!)=# d]=jf= sf] km/g]; cfon hg]/]6]/af6 @$ ;} 306f pBf]u ;~rfng ug{] u/L a}slNks Joj:yf /x]sf] .
15. g]kfn u'0f:t/ tyf gfktf}n ljefuaf6 $# u]|8 tyf %# u|]8 sf] cf]=lk=;L= l;d]G6 pTkfbg tyf laqmL
ljt/0fsf] Ohfhtkq k|fKt u/L ;s]sf] .
;fy}, pTkflbt l;d]G6sf] x/]s Jofr ;/sf/L tyf cGo gLlh Nofax?df ;d]t lgoldt ?kdf u'0f:t/ k/LIf0f ug{]
ul/g'sf ;fy} l;d]G6sf] Compressive Strength k/LIf0f ug{] pRr k|ljlwo'Qm d]lzg/L hl8t 6]lSgsn Eofgaf6
l;d]G6sf] 1fg ePsf cg'ejL O{lGhlgo/, k|fljlws dfkm{t lgdf{0f:yndf uO{ cfˆgf] l;d]G6sf] u'0f:t/sf] lgMz'Ns
?kdf hfgsf/L u/fpg] Joj:yf ldnfO{Psf] 5 . sDkgLn] pTkfbg u/]sf] l;d]G6 pRr :t/Lo u'0f:t/sf] /x]sf] 5 .
pNn]lvt s'/fx?sf cltl/Qm xfn ahf/df cToflws dfqfdf ?rfOPsf] / cfd pkef]Qmfsf] /f]hfO{df ;jf]{Qd
l;d]G6 k/]sf] x'Fbf cu|0fL a|f08sf ?kdf :yflkt x'g', s'zn Pj+ cg'ejL ;~rfns tyf ;DalGwt If]qdf nfdf]
sfof{g'ej ePsf sd{rf/Lx? sDkgLdf cfj4 /xg', g]kfn s} cu| 0fL ;/sf/L tyf gLlh If]qaf6 ;~rflnt
a}+sx?af6 kl/of]hgf cg'?ksf] shf{ nufgL ;d]t eO{;s]sf] nufotsf sfo{x? sDkgLsf ;sf/fTds kIfx? x'g \ .
-9_ a}+lsË ljQLo jf aLdf ;DaGwL Joj;fo ug]{ ;+ul7t ;+:yf afx]ssf cGo ;+ul7t ;+:yf lwtf]kq btf{ tyf
lgisfzg lgodfjnL, @)&# sf] lgod ( pklgod # adf]lhd lwtf]kqsf] ;fj{hlgs lgisfzg ubf{ b]xfosf
zt{x? k'/f u/]sf] x'g' kg]{ 5 M lwtf]kq lgisfzg tyf btf{ lgodfjnL, @)&# sf] lgod ( sf] pklgod # sf
Joj:yfx? b]xfo adf]lhd /x]sf] 5M–

59
qm=;+= zt{x? kfngf eP/gePsf]
sDkgL ldlt @)&^ >fj0f #) ut] klAns ln= df
klAns sDkgLsf] ?kdf cfˆgf] p2]Zo cg';f/ sf/f]af/ kl/0ft ePsf] tyf ;f] ldltdf sfod lwtf]kq btf{ tyf
s= ;~rfng ug{sf nflu cfjZos sfo{x? cufl8 a9fO{ lgisfzg lgodfjnL, @)&# df lgDg adf]lhdsf] Joj:yf
Ps cfly{s jif{sf] cjlw k"/f u/]sf] . /x]sf] .
æcfˆgf] p2]Zo cg';f/ sf/f]jf/ ;~rfng ug{sf nflu cfjZos
sfo{x? cufl8 a9fO{ Ps jif{sf] cjlw k"/f u/]sf]Æ
o; sDkgLn] sDkgL P]g, @)^# adf]lhd ;fwf/0f ;ef
ub}{ cfO/x]sf] / ldlt @)&(÷)(÷@* ut] ;DkGg rf}+yf]
k|rlnt sfg"g adf]lhd n]vfkl/If0f tyf ;fwf/0f;ef
v= jflif{s ;fwf/0f ;efaf6 rf6{8{ Psfp06]06 ;+:yf lk|of+ s
;DkGg u/]sf] .
P08 Pzf]l;P6 rf6{8{ Psfp06]06;\nfO{ sDkgLsf] cf=j=
@)&(÷)*) sf] nflu n]vfk/LIfs lgo'Qm ul/Psf] .
;jf]{Qd l;d]G6 ln= ldlt @)^*÷)*÷@* df pBf]u
cfˆgf] p2]Zo cg';f/ sf/f]af/ ;~rfng ug{sf nflu
k|rlnt sfg"g adf]lhd s'g} lgsfoaf6 Ohfht, ljefudf btf{ eO{ k|f/lDes pTkfbgsf] nflu :jLs[lt
u= k|fKt ePsf] . tTkZrft\ ldlt @)&&÷)#÷@@ df
cg'dlt jf :jLs[lt lng'kg]{ ePdf To:tf] Ohfht, pTkfbgsf] Ifdtf j[l4sf nflu pBf]u ljefuaf6 cg'dlt
cg'dlt jf :jLs[lt lnO;s]sf] .
k|fKt u/]sf] xf] .
;+ul7t ;+:yfsf] nflu cfjZos kg]{ hUuf vl/b jf
3= cGo k|sf/n] Aoj:yf u/L sf/vfgf ejg, sfof{no pQm sfo{x? ;DkGg eO{ pBf]u lgdf{0f sfo{ eO{ /x]sf] .
ejg, uf]bfd3/ tyf cGo cfjZos ;'ljwfx?sf]
lgdf{0f sfo{ z'? ul/;s]sf] .
pTkfbg k|ljlw 5gf}6 u/L pBf]usf] nflu cfjZos o; sDkgLsf] nflu cfjZos kg]{ oflGqs pks/0f tyf
kg]{ oflGqs pks/0f tyf To;sf kf6{k"hf{ cflb vl/b
ª= To;sf kf6k'hf{ cflb vl/b ug{ 7]Ssf ;Demf}tf eO{ ;f]
ug{'kg]{ ePdf 6]08/ cflb u/L vl/b k|s[of cufl8 cg';f/ sfo{ eO/x]sf] .
a9fO{ ;s]sf] .
lgisfzg tyf laqmL k|aGws >L Unf]an cfOPdO{
lwtf]kqsf] ;fj{hlgs lgisfzg ;DaGwdf lgisfzg Soflk6n ln= / ;x–lgisfzg tyf laqmL k|aGwsx?
r=
tyf laqmL k|aGws;Fu ;Demf}tf eO;s]sf] . qmdzM PgcfOPdla P; Soflk6n ln= tyf k|e' Soflk6n
ln=;Fu ldlt @)&&÷!@÷)$ df ;Demf}tf ePsf] .
cfof]hgfsf] lgdf{0f cjlwe/ sDkgLsf] C0f / kF"hLsf] sDkgLn] pBf]u If]qsf] lgdf{0f cjlwe/ sDkgLsf] C0f /
5= cg'kft lgb]{lzsfdf tf]lsPsf] cg'kftdf /fVg ;xdt k"FhLsf] cg'kft lwtf]kq lgisfzg lgb]{lzsfdf tf]lsP
ePsf] . adf]lhd /fVg ;xdt ePsf] .
;+:yfksx?n] lng sa'n u/]sf] lwtf]kqsf] /sd zt ;+:yfksx?n] cfkm'n] lng sj'n u/]sf] /sd zt k||ltzt
h= k|ltzt r'Qmf e};s]sf] . r'Qmf e};s]sf] .
o; sDkgL / k|fOd sdl;{on a}+s ln=, g]kfn a}+s ln=,
g]kfn OGe]i6d]06 d]uf a}+s ln=, k|e' a}+s ln= tyf /fli6«o
kl/of]hgf lgdf{0fsf nflu kmfOgflG;on Snf]h/
em= jfl0fHo a}+s ln= aLr k"/s ;xljQLos/0f shf{sf nflu
(Financial Closure) e};s]sf] .
ldlt @)&(÷)$÷!# ut] ;Demf}tf eO{ kmfOgflG;on
Snf]h/ eO;s]sf] .
hnljB't pTkfbg ;+:yf ePdf, ljB't vl/b ;Demf}tf
~f= ul/;s]sf] / hnljB't u[x tyf cGo k"jf{wf/x? nfu' gx'g] .
lgdf{0fsf] nflu 6]08/ cfXjfg ul/;s]sf .
;j{;fwf/0fsf nflu lgisfzg ug{ nfu]sf] z]o/x? ;fj{hlgs lgisfzg ug{ nfu]sf] z]o/sf] nflu k|Tofe"lt
6=
lgb]{lzsfdf tf]lsP adf]lhd k|Tofe"lt u/fPsf] . ;Demf}tf ul/;lsPsf] .
-0f_z]o/ /lhi6«f/ ;DaGwL Joj:yf M g]kfn :6s PS;r]Gh ln= df ;"rLs/0f u/] kZrft\ z]o/sf] bflvn vf/]h,
b:tvt ?h' cflb ;DaGwL sfo{ o; sDkgLsf] sfof{noaf6 jf sDkgLsf] ;~rfns ;ldltn] tf]s] adf]lhd z]o/
/lhi6«f/sf] sfof{noaf6 x'g] u/L Joj:yf ul/g]5 .
-t_lwtf]kq laqmL v'Nnf cjlw M o; ljj/0fkq dfkm{t k|yd r/0fdf pBf]u tyf vfgL pTvgg\ k|efljt If]qsf
:yfgLo afl;Gbf tyf j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu lgisfzg ul/Psf] z]o/ afF8kmfF8 u/] kZrft\
bf]>f] r/0fdf ;j{;fwf/0fsf nflu z]o/ lgisfzg ul/Psf]df pQm lgisfzg tyf laqmL v'Nnfsf] cjlw sDtLdf $
sfo{ lbg / a9Ldf !% lbg x'g]5 .

60
-y_lwtf]kq lgisfzgsf] qmddf af]8{af6 :jLs[t ePsf] ljj/0fkq nufgLstf{n] ;xh ?kdf x]g{ ;Sg] / pgLx?nfO{
;'lrt lg0f{o (Informed Decision) df k'Ug ;xh ug]{ p2]Zon] To:tf ljj/0fx? lwtf]kq lgisfzg tyf laqmL
k|aGws Unf]an cfOPdO{ Soflk6n ln= sf] j]a;fO6 www.globalimecapital.com, ;x lgisfzg tyf laqmL
k|aGwsx? qmdzM PgcfOPdla P; Soflk6n ln= sf] j]a;fO6 www.nimbacecapital.com / k|e' Soflk6n ln=sf]
j]a;fO6 www.prabhucapital.com, tyf lgisfzg sDkgL >L ;jf]{Qd l;d]G6 lnld6]8sf] j]a;fO6
www.sarbottamcement.com tyf g]kfn lwtf]kq af]8{sf] j]a;fO6 www.sebon.gov.np df laqmL aGb geP;Dd
/flvg]5 .
-b_ a's ljlN8Ë lgb]{lzsf, @)&& sf] clwgdf /xL of]Uo ;+:yfut nufgLstf{nfO{ af]nsaf]n k|0ffnL dfkm{t
lgisfzg ul/Psf] @,$)),))) lsQf z]o/ ;f]xL lgb]{lzsfsf] bkmf -!#_ df ePsf] Joj:yf cg';f/ afF8kmfF6
ul/Psf] / ;f] ;DaGwL ljj/0f b]xfo adf]lhd /x]sf] 5 M–
!= sDkgLsf] hf/L k"FhL ?=$,^%),))),))).– -cIf/]kL rf/ ca{ k}+;¶L s/f]8 ?k}ofF dfq_ sf] !@=()##
k|ltztn] x'g cfpg] ?=^)),))),))).– -cIf/]kL ;f7L s/f]8 dfq_ a/fa/sf] k|lt z]o/ c+lst d"No
?=!)).– b/sf] ^,))),))) -;f7L nfv dfq_ lsQf z]o/sf] $) k|ltzt cyf{t @,$)),))) -rf}aL; nfv
dfq_ lsQf z]o/ a's ljlN8Ë lgb]{lzsf, @)&& sf] bkmf -!!_ adf]lhd a's ljlN8Ë ljlw dfkm{t g]kfn
lwtf]kq af]8{af6 cg'dlt k|fKt tyf g]kfn :6s PS;r]~h ln=df btf{ -gljs/0f ;d]t_ ePsf of]Uo
;+:yfut nufgLstf{ sDkgLx?nfO{ ldlt @)*)÷)*÷)^ ut]b]lv ldlt @)*)÷)*÷!) ut]sf] ;dofjlw
lbO{ kl/dflh{t laqmL d"No ;Ldf ?=$)!.– b]lv ?=^)!.%) leq /xL g]kfn :6s PS;r]~h ln=df af]nkq
kmf/fd a'emfpg] u/L uf]Ko zLnaGbL af]nkq k]z ug{ cfXjfg ul/Psf] lyof] .
@= tf]lsPsf] ;dofjlwleq of]Uo ;+:yfut nufgLstf{x?af6 k|fKt $! yfg uf]Ko zLnaGbL af]nkq kmf/fdx?
ldlt @)*)÷)*÷!! ut] ;f]daf/ laxfg *M)) ah] g]kfn :6s PS;r]~h ln= sf] sfof{nodf g]kfn :6s
PS;r]~h ln=, sDkgL /lhi6«f/sf] sfof{no, l;l8P; P08 lSnol/Ë ln=, lgisfzg sDkgL, lgisfzg tyf
laqmL k|aGwsx? / af]nkq k]z ug]{ dWo]sf of]Uo ;+:yfut nufgLstf{x? ;d]tsf]] /f]xa/df vf]nL d'r'Nsf
p7fOPsf] 5 .
#= k|fKt ePsf uf]Ko zLnaGbL af]nkqx?sf] cfjZos ?h' / 5fgaLg kZrft\ $) j6f of]Uo ;+:yfut
nufgLstf{n] k]z u/]sf] af]nkq kmf/d afF8kmfF6df ;dfj]z ug{ of]Uo /x]sf] 7x/ u/L tyf af]nsaf]n
k|:tfj adf]lhd v/Lb ug{ saf]n u/]sf] /sd lgisf;g tyf laqmL k|of]hgsf nflu Unf]an cfOPdO{ a}+s
ln=df vf]lnPsf] a}+s vftf GICL-BTI Sarbottam Cement IPO df hDdf e};s] kZrft\ a's a's ljlN8Ë
lgb]{lzsf, @)&& sf] bkmf !# sf] pkbkmf -!_ adf]lhd ?=$)^.)) b]lv ?=$)!.)) ;Dd cfj]bg lbg] $!
j6f of]Uo ;+:yfut nufgLstf{dWo] afF8kmfF6sf] nflu of]Uo $) j6f of]Uo ;+:yfut nufgLstf{ nfO{
afF8kmfF6 ubf{ lgisflzt z]o/ k"0f{ ?kdf laqmL x'g] ePsf]n] s6 ckm d'No ?=$)!.)) -cIf/]kL rf/;o Ps
dfq_ lgwf{/0f ul/Psf] / ;f]xL lgb]{lzsfsf] bkmf !# sf] pkbkmf -@_, -#_ / -$_ adf]lhd of]Uo ;+:yfut
nufgLstf{nfO{ s6 ckm d'No ?=$)!.)) df b]xfo cg';f/ afF8kmfF8 ul/Psf] 5 M–
k|lt
af]nsaf]n z]o/
of]Uo ;+:yfut nufgLstf{sf] /sd af]nsaf]n afF8kmfF6df d"No
qm=;+= gfd -k|lt z]o/ z]o/ ;+Vof hDdf /sd k/]sf] z]o/ -s6 afF8kmfF6 ePsf] afF8kmfF6df
ckm gk/]sf] /sd
?=_ -?=_ ;+Vof d"No hDdf /sd -?=_ -?=_
?=$)!._
! s'df/L Soflk6n ln= $)^.)) 5,000 @),#),))).)) 5,000 $)!.)) 20,05,000.)) 25,000.))
@ s'df/L wgj[l4 of]hgf $)^.)) 20,000 *!,@),))).)) 20,000 $)!.)) 80,20,000.)) 1,00,000.))
# s'df/L O{SjLl6 km08 $)^.)) 15,000 ^),(),))).)) 15,000 $)!.)) 60,15,000.)) 75,000.))
16,04,00,000.)
$ gful/s nufgL sf]if $)%.)) 4,00,000 !^,@),)),))).)) 4,00,000 $)!.)) 16,00,000.))
)
% cf/lala dr]{G6 a}+lsË ln= $)$.)) 5,000 @),@),))).)) 5,000 $)!.)) 20,05,000.)) 15,000.))
^ g]kfn b'/;~rf/ sDkgL ln= $)$.)) 36,000 !,$%,$$,))).)) 36,000 $)!.)) 1,44,36,000.)) 1,08,000.))
& gful/s :6s l8n/ sDkgL ln= $)#.)) 15,000 ^),$%,))).)) 15,000 $)!.)) 60,15,000.)) 30,000. .))
* ;g\/fOh km:6{ Do'r'cn km08 $)@.(^ 15,000 ^),$$,$)).)) 15,000 $)!.)) 60,15,000.)) 29,400.))
( ;g\/fOh An'rLk km08 $)@.(^ 15,000 ^),$$,$)).)) 15,000 $)!.)) 60,15,000.)) 29,400.))
!) uf}/j OGe]i6d]G6 k|f=ln= $)@.!) 10,000 $),@!,))).)) 10,000 $)!.)) 40,10,000.)) 11,000.))

61
k|e' Soflk6n ln= -;fljs k|e'
!! Soflk6n ln= / ;]~r'/L $)@.)) 40,000 !,^),*),))).)) 40,000 $)!.)) 1,60,40,000.)) 40,000.))
Soflk6n dfs]{6\; ln=_
8,02,00,000.)
!@ sfdgf ;]jf ljsf; a}+s ln= $)!.%! 2,00,000 *,)#,)@,))).)) 2,00,000 $)!.)) 1,02,000.))
)
u'x]Zj/L dr]{G6 a}+lsË P08 50,000 50,000
!# kmfOgfG; ln= $)!.%) @,)),&%,))).)) $)!.)) 2,00,50,000.)) 25,000.))

!$ Plzog nfO{km OG:of]/]G; sDkgL $)!.%) 50,000 @,)),&%,))).)) 50,000 $)!.)) 2,00,50,000.)) 25,000.))
ln=
!% P;=cf/=xfO{
k|f=ln=
8«f] P08 OGe]i6d]G6
$)!.@% 5,000 @),)^,@%).)) 5,000 $)!.)) 20,05,000.)) 1,250.))

s6 ckm d"No ?=$)!.– eGbf a9L d"Nodf cfj]bg ug]{


of]Uo ;+:yfut nufgLstf{x?nfO{ dfu adf]lhd *,*!,))) #%,%$,(&,)%).)) 8,81,000 – 35,32,81,000 . 00 22,16,050 . 00
afF8kmfF6 ul/Psf] z]o/ -s_
8,37,16,369.)
!^ l;l6 PS;k|]; OGe]i6d]G6 km08 $)!.)) $,*),))) !(,@$,*),))).)) 2,71,231 $)!.)) 10,87,63,631.))
k|f=ln= )
!& ;d[l4 kmfOgfG; sDkgL ln= $)!.)) 1,000 $,)!,))).)) 565 $)!.)) 2,26,565.)) 1,74,435.))
cfOlhcfO{ k|'8]lG;on OG:of]/]G;
!* ln=-;fljs cfOlhcfO{ OG:of]/]G; $)!.)) 20,000 *),@),))).)) 11,301 $)!.)) 45,31,701.))
34,88,299.))
ln=_
4,98,49,914.) 3,83,70,086.)
!( k|e' ;]n]S6 km08 $)!.)) 2,20,000 *,*@,@),))).)) 1,24,314 $)!.))
) )
g]kfn nfO{km Soflk6n ln=
@) -;fljs g]zgn dr]{06 a}+s/ $)!.)) 5,000 @),)%,))).)) 2,825 $)!.)) 11,32,825.)) 8,72,175.))
ln=_
1,74,41,094.
@! k|e' a}+s ln= $)!.)) 1,00,000 $,)!,)),))).)) 56,506 $)!.)) 2,26,58,906.))
))
@@ d'lQmgfy Soflk6n ln= $)!.)) 5,000 @),)%,))).)) 2,825 $)!.)) 11,32,825.)) 8,72,175.))
nIdL ;g/fOh\ a}+s ln=-;fljs 2,17,47,032.)
@# $)!.)) 1,24,690 %,)),)),^().)) 70,458 $)!.)) 2,82,53,658.))
;g/fOh\ a}+s ln=_ )
@$ nIdL pGgtL sf]if $)!.)) 40,000 !,^),$),))).)) 22,603 $)!.)) 90,63,803.)) 69,76,197.))
@% Pln6 dr]{G6 Soflk6n ln= $)!.)) 16,000 ^$,!^,))).)) 9,041 $)!.)) 36,25,441.)) 27,90,559.))
@^ PgcfO{laPn k|ult km08 $)!.)) 12,500 %),!@,%)).)) 7,063 $)!.)) 28,32,263 .)) 21,80,237.))
@& PgcfO{laPn ;xeflutf km08 $)!.)) 12,500 %),!@,%)).)) 7,063 $)!.)) 28,32,263 .)) 21,80,237.))
@* PgcfO{laPn ;d[l4 km08–@ $)!.)) 12,500 %),!@,%)).)) 7,063 $)!.)) 28,32,263 .)) 21,80,237.))
PgcfO{Pdla P; Soflk6n ln=
@( -;fljs PgcfO{laPn P; $)!.)) 12,500 %),!@,%)).)) 7,063
$)!.)) 28,32,263 .)) 21,80,237.))
Soflk6n ln=_
#) ;fgLdf nfh{ Sofk km08 $)!.)) 1,000 $,)!,))).)) 565 $)!.)) 2,26,565.)) 1,74,435.))
Unf]an cfOPdO{ Aofn]G;8 25,000 14,127 56,64,927.)) 43,60,073.))
#!
km08–! $)!.)) !,)),@%,))).)) $)!.))
#@ Unf]an cfOPdO{ Soflk6n ln= $)!.)) 25,000 !,)),@%,))).)) 14,127 $)!.)) 56,64,927.)) 43,60,073.))
:sfO{ 6r OGe]i6d]G6 P08 8,37,16,369.)
## $)!.)) 4,80,000 !(,@$,*),))).)) 2,71,231 $)!.)) 10,87,63,631.))
sG;N6\ofG6 k|f=ln= )
8,37,16,369.)
#$ cnsf OGe]i6d]G6 k|f=ln= $)!.)) 4,80,000 !(,@$,*),))).)) 2,71,231 $)!.)) 10,87,63,631.))
)
#% df5fk'R5«] Soflk6n ln= $)!.)) 10,000 $),!),))).)) 5,651 $)!.)) 22,66,051.)) 17,43,949.))
k|e' dxfnIdL nfO{km OG:of]/]G;
#^ ln=-;fljs k|e' nfO{km OG:of]/]G; $)!.)) 1,00,000 $,)!,)),))).)) 56,506 1,74,41,094.
$)!.)) 2,26,58,906.))
ln=_ ))
g]kfn nfO{km OG:of]/]G; sDkgL 8,37,16,369.)
#& ln= $)!.)) 4,80,000 !(,@$,*),))).)) 2,71,231 $)!.)) 10,87,63,631.))
)
#* ul/df Soflk6n ln=-;fljs $)!.)) 5,000 @),)%,))).)) 2,825 $)!.)) 11,32,825.)) 8,72,175.))
s]=l;=Pn=P:Ro'6 Soflk6n ln=_
;fgLdf lhcfO{;L OG:of]/]G; ln=
#( -;fljs hg/n OG:of]/]G; $)!.)) 20,000 *),@),))).)) 11,301 $)!.)) 45,61,701.)) 34,88,299.))
sDkgL g]kfn ln=_
;DkGg Soflk6n P08 500 284 1,13,884.)) 86,616 .))
$)= P8\efO{h/L g]kfn ln= $)!.)) @,)),%)).)) $)!.))
s6 ckm d"No ?=$)!.– df cfj]bg ug]{ of]Uo
;+:yfut nufgLstf{x?nfO{ ;dfg'kflts ?kdf @^,**,!() !,)&,&(,^$,!().)) !%,!(,))) – 60,91,19,000.00
46,88,45,190 .
afF8kmfF8 ul/Psf] z]o/ -v_ 00

62
s6 ckm d"No ?=$)!.– eGbf a9L d"Nodf cfj]bg ug]{
/ s6 ckm d"Nodf cfj]bg ug]{ of]Uo ;+:yfut
nufgLstf{x?nfO{ afF8kmfF6 ul/Psf] z]o/ s"n hDdf #%,^(,!() !,$#,#$,^!,@$).)) @$,)),))) (^,@$,)),))).) $&,!),^!,@$).
– ) ))
[u = -s + v_]

u=@#= o; ljj/0fkqdf k|sflzt tYo tyf ljj/0fx? 7Ls b'?:t 5g\, ;f] df s'g} km/s k/]df xfdL ;~rfnsx? k"0f{ ?kdf
lhDd]jf/ x'g]5f}+ egL ;xL 5fk ug]{ ;~rfns tyf lj1x?sf] gfd tyf b:tvt M

qm=;+ ;~rfnssf] gfd kb b:tvt

! >L lai0f' k|;fb Gof}kfg] cWoIf

>L ladn s'df/ ;fj/lyof


@ -k|ltlglwTj M s[i0f O{G6/g]zn k|f= ln=sf] ;~rfns
tkm{af6_

# >L l6sf/fd Gof}kfg] ;~rfns

$ >L lbjz Gof}kfg] ;~rfns

% >L t]l~hË nfSb]g tfdfË ;~rfns

63
u=@$ lgisfzg tyf laqmL k|aGwssf] k|:t't u/]sf] k|lta4tf kq (Due Diligence Certificete) sf] k|lt M

64
u=@% ljj/0fkq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] eP ;f] ;DaGwL kq M—

65
68

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