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THE INDIA CEMENTS LIMITED Corporate Office Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, RA THE INDIA CEMENTS LIMITED Corporate Office Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, RA. Puram, Chennai -600 028. Phone : 044-2852 1526, 2857 2100 Fax 044-2851 7198, Grams 'INDCEMENT' GIN : L26942TN1946PLC000931 SH/B2/ 19.08.2019 BSE Limited Corporate Relationship Dept. First Floor, New Trading Ring Rotunda Building, Phiroze Jeejeebhoy Towers Dalal Street, Fort MUMBAI 400 023. Dear Sir(s)/Madam, Sub.: Annual General Meeting Ref.: Our letters dated 11.02.2019 and 07.08.2019 This is to inform you that the 73rd Annual General Meeting of the Company will be held at 3.30 P.M. on Thursday, the 12th September 2019, at "Sathguru Gnanananda Hall", Narada Gana Sabha, No.314, T.T.K. Road, Alwarpet, Chennai 600 018. In pursuance of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: 1 Annual Report for the year ended 31st March 2019. 2 Notice convening the 73td Annual General Meeting of the Company. Besides the routine items, the following items of business requiring approval of the shareholders by special resolution are included in the notice convening the AGM: 1 Reappointment of Sri.V.Ranganathan as an Independent Director of the Company; and 2 Alteration of Articles of Association of the Company to bring it in line with the provisions of the Companies Act, 2013. Thanking you, Yours faithfully, for THE INDIA CEMENTS LIMITED -09$ \kW) COMPANY SECRETARY End.: As above Registered Office Dhun Building, 827, Anna Sala, Chennai -600002 www.indiacements.coin C.WORMAITAOM-Notle• WRACIII4611 notice le illUstock anhanga. TO SE ZIONED ST SECT 41014401e cloc Email id: investorandiacements.co.in THE INDIA CEMENTS LIMITED ANNUAL REPORT 2019 73rd Annual General Meeting A REQUEST th Date : 12 September 2019 (Thursday) The practice of distributing copies of Annual Report at the Annual General Meeting has been Time : 3.30 P.M. discontinued in view of the high cost of paper and printing. Shareholders are, therefore, requested Venue : Sathguru Gnanananda Hall, to bring their copy of the Annual Report to the (Narada Gana Sabha), meeting. No.314, T.T.K.Road, Alwarpet, Chennai 600018. CONTENTS Page No. Notice to Shareholders ....................................................................................................... 2 Ten Years in Brief – Financial Information ....................................................................... 12 Directors’ Report ............................................................................................................... 13 Corporate Governance ..................................................................................................... 32 Independent Auditors’ Report ........................................................................................... 86 Balance Sheet .................................................................................................................. 96 Statement of Profit & Loss ................................................................................................ 97 Cash Flow Statement ....................................................................................................... 99 Notes on Accounts ......................................................................................................... 101 Independent Auditors’ Report on the Consolidated Financial Statements ...................................................................................................... 134 Consolidated Balance Sheet .......................................................................................... 142 Consolidated Statement of Profit & Loss ....................................................................... 143 THE INDIA CEMENTS LIMITED BOARD OF DIRECTORS Sri N. Srinivasan Vice Chairman & Managing Director Smt. Chitra Srinivasan Smt. Rupa Gurunath Wholetime Director Sri K. Balakrishnan (till 28.08.2019) Sri S. Balasubramanian Adityan Sri Basavaraju Sri M.R. Kumar (Nominee of Life Insurance Corporation of India) (till 17.03.2019) Smt. Lakshmi Aparna Sreekumar Sri V. Ranganathan Smt. Sandhya Rajan Sri N. Srinivasan (till 31.03.2019) Sri Suneel Babu Gollapalli (Nominee of IDBI Bank Limited) (till 15.10.2018) Sri V. Venkatakrishnan (Nominee of IDBI Bank Limited) (w.e.f. 15.10.2018) AUDITORS Messrs K.S. Rao & Co. Messrs S. Viswanathan LLP Chartered Accountants Chartered Accountants 7-B, 7th Floor, Century Plaza, 560-562, 17, Bishop Wallers Avenue (West) Anna Salai, Chennai - 600 018. Mylapore, Chennai – 600 004. CEMENT FACTORIES REGISTERED OFFICE TAMILNADU ANDHRA PRADESH “Dhun Building” Sankarnagar, Tirunelveli District. Chilamkur, Kadapa District 827, Anna Salai Sankari, Salem District. Yerraguntla, Kadapa District. Chennai – 600 002. Dalavoi, Ariyalur District. RAJASTHAN TELANGANA Nokhla, Banswara District Vishnupuram, Nalgonda District Malkapur, Ranga Reddy District CORPORATE OFFICE GRINDING UNITS “Coromandel Towers” TAMILNADU MAHARASHTRA 93, Santhome High Road Vallur Village, Parli Vaijnath, Karpagam Avenue Tiruvallur District Beed District. R.A.Puram Chennai – 600 028. RMC UNITS Website: www.indiacements.co.in Tamil Nadu, Karnataka and Telangana THE INDIA CEMENTS LIMITED CIN: L26942TN1946PLC000931 Registered Office : “Dhun Building”, 827, Anna Salai, Chennai – 600 002. Corporate Office: ‘Coromandel Towers’, 93, Santhome High Road, Karpagam Avenue, R.A.Puram, Chennai – 600 028. Website: www.indiacements.co.in E-Mail Id: [email protected] Phone: 044-28521526 / 28572100 / 400 Fax: 044-28517198 NOTICE TO SHAREHOLDERS NOTICE is hereby given that the Seventythird Annual General Meeting of The India Cements Limited will be held at 3.30 P.M. on Thursday, the 12th September, 2019, at Sathguru Gnanananda Hall, (Narada Gana Sabha), No.314, T.T.K.Road, Alwarpet, Chennai 600 018, to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2019 and Reports of Directors and Auditors thereon. 2. To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2019 and Report of Auditors thereon. 3. To declare dividend on Equity Shares for the financial year ended 31.03.2019. 4. To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION: “RESOLVED THAT Smt.Chitra Srinivasan (DIN:01094213) who retires by rotation and is eligible for reappointment be and is hereby reappointed as a Director of the Company, subject to retirement by rotation.” SPECIAL BUSINESS: 5. To appoint Sri V.Venkatakrishnan as a Director of the Company and for that purpose to consider and if thought fit, to pass the following ORDINARY RESOLUTION of which notice has been received from a Member of the Company as required under Section 160 of the Companies Act, 2013: “RESOLVED THAT Sri V.Venkatakrishnan (DIN:08067933) be and is hereby appointed as a Director of the Company subject to retirement by rotation.” 6. To consider and if thought fit, to pass with or without modification, the following resolution as SPECIAL RESOLUTION: “RESOLVED THAT pursuant to the provisions of Sections 149, 150 and 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 and the Rules made thereunder (including any statutory modification(s) or re-enactments thereof for the time being in force) and Regulation 17 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), as amended, Sri V.Ranganathan (DIN:00550121), a Non-executive Independent Director of the Company, who holds office upto 28th August, 2019 and who has submitted a declaration that he meets the criteria of independence as provided in the Companies Act, 2013 and Listing Regulations and in respect of whom the Company has received a notice in writing under Section 160 of the Companies Act, 2013 from a Member proposing his candidature for the office of Director of the Company, be and is hereby reappointed as an Independent Director of the Company to hold office for a second and final term of 2 consecutive years from 29.08.2019 to 28.08.2021 and that he shall not be liable to retire by rotation.” 7. To consider and, if thought fit, to pass with or without modification, the following resolutions as SPECIAL RESOLUTIONS: “RESOLVED THAT pursuant to the provisions of Section 14 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Incorporation) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and subject to requisite approvals, as may be required, the new set of Articles of Association of the Company as submitted to this meeting, which are available on the website of the Company www.indiacements.co.in be and are hereby approved and adopted as the Articles of Association of the Company in substitution and to the entire exclusion of the existing Articles of Association of the Company.” “RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to do all such acts, deeds, matters and things, as may be deemed necessary, proper or expedient, for the purpose of giving effect to this resolution and for matters connected therewith or incidental thereto.” 8. To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY
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