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Name of the Subsidiary Company Country No No 1 OnMobile Singapore Pte. Ltd. Singapore 23 OnMobile Madagascar Telecom Limited Madagascar 2 PT OnMobile Indonesia Indonesia 24 OnMobile Rwanda Telecom Limited Rwanda 3 OnMobile SA (Erstwhile Telisma SA) France 25 OnMobile Nigeria Telecom Limited Nigeria 4 OnMobile Europe BV Netherlands 26 OnMobile Ghana Telecom Limited Ghana 5 OnMobile USA LLC USA 27 OnMobile Global Solutions Canada Limited Canada 6 Servicios De Telefonia OnMobile SA De CV Mexico 28 OnMobile Telecom (SL) Limited Sierra Leone 7 OnMobile Servicios Corporativos De Mexico 29 OnMobile Global Italy SRL Italy Telefonia SA De CV 30 OnMobile Turkey Telekomunikasyon Turkey 8 OnMobile Global SA Argentina 8NXYJRQJWN1NRNYJIċNWPJYN 9 OnMobile De Venezuela CA Venezuela 31 OnMobile Portugal SGPS, Unipessoal LDA Portugal 10 OnMobile Brasil Sistemas De Valor Agregado Brazil 32 OnMobile Telecom Burkina Faso, SARL Burkina Faso Para Comunicacoes Moveis Ltda. 33 OnMobile Live Inc. USA 11 OnMobile Global for Telecommunication Egypt Services 34 OnMobile Global Czech Republic SRO Czech Republic 12 OnMobile Uruguay SA Uruguay 35 FoneStarz Media Group Limited UK 13 OnMobile Senegal SARL Senegal 36 2DayUK Limited UK 14 OnMobile Mali SARL Mali 37 FoneStarz Limited UK 15 OnMobile Bangladesh Private Limited Bangladesh 38 FoneStarz Media Limited UK 16 OnMobile Kenya Telecom Limited Kenya 39 FoneStarz Media (Licensing) Limited UK 17 OnMobile Telecom Limited Malawi 40 Daius Limited UK 18 OnMobile Costa Rica OBCR, SA Costa Rica 41 Livewire Mobile (Australia) Pty Limited Australia 19 OnMobile Global Spain, SL Spain 42 OnMobile Global Limited Colombia SAS Colombia 20 OnMobile Tanzania Telecom Limited Tanzania 21 OnMobile Zambia Telecom Limited Zambia 43 OnMobile Global South Africa (PTY) Ltd. South Africa 22 OnMobile Uganda Limited Uganda 44 OnMobile Latam Holdings, SL Spain ..1NXYTK'WFSHMJX7JUWJXJSYFYN[JTKƯHJXTKYMJ(TRUFS^ &QTSL\NYMYMJFGT[JXFNIXZGXNINFW^HTRUFSNJX4S2TGNQJ,QTGFQ1NRNYJIMFXYMJKTQQT\NSL'WFSHMJX7JUWJXJSYFYN[JTKƯHJXFX on March 31, 2017: Sl No. Branch Locations Sl No. Branch Locations 1 Mumbai, India 14 Dar Es Salam, Tanzania 2 Gurgaon, India 15 Santiago , Chile 3 Dhaka, Bangladesh 16 Panama City, Panama 4 Kuala Lumpur, Malaysia 17 Guayaquil, Ecuador 5 St. Ives, UK 18 Managua, Nicaragua 6 Rosebank, South Africa 19 San Salvador, EL Salvador 7 Dubai, UAE 20 Lima, Peru 8 Aggona, Sri Lanka 21 Bangalore (SEZ), India 9 Bucharest, Romania 22 Noida (SEZ), India 10 Nicosia, Cyprus 23 Niamey, Niger 11 Guatemala City, Guatemala 24 Democratic Republic of Congo 12 Kathmandu, Nepal 25 Doha, Qatar 13 Milan, Italy 26 Conakry, Guniea Republic 9 Contact Information ASIA-PACIFIC SINGAPORE OnMobile Singapore Pte. Ltd. INDIA 8MJSYTS 10 BURKINA FASO EUROPE OnMobile Telecom Burkina Faso, S.A.R.L. FRANCE Secteur 15 Section 475 Lot 21 Parcelle 14 Ouagadougou PO Box: 10 BP 13675 Ouagadougou 13 OnMobile SA (Erstwhile Telisma SA) 6 rue Duret, 75116 Paris – France SOUTH AFRICA ITALY OnMobile Global South Africa (PTY) Limited 4th Floor, The Firs, Cradock Avenue, Rosebank, OnMobile Global Limited (Branch) Johannesburg, Gauteng, 2196, South Africa Milano (MI) Corso Plebisciti 8 cap 20129 OnMobile Global Italy SRL OnMobile Global Limited (Branch) Via Felice Casati 20 - 20124 Milan (Italy) 4th Floor, The Firs, Cradock Ave, Rosebank, Johannesburg, Gauteng, 2196, South Africa NETHERLANDS SENEGAL OnMobile Europe BV Prins Bernhardplein 200, 1097JB Amsterdam OnMobile Senegal SARL (Mailing: Postbus 990, 1000AZ Amsterdam) 3, Place de l’independance BP. 6454 Dakar, Senegal ROMANIA (Branch) KENYA OnMobile Global Limited-India Sucursala Bucuresti (Branch) OnMobile Kenya Telecom Limited Bucharest, District 1, 15-17 Helesteului Street, Semi- 5QTY3T YM+QTTW8ZNYJ'97;4KƯHJ5QF_F GFXJRJSY\NYMNS7TTR4KƯHJ 2ZYMNYMN7TFI 11 CYPRUS (Branch) GUATEMALA (Branch) OnMobile Global Limited (Branch) Servicios De Telefonia OnMobile, Sociedad Anonima De Lampousas, 1, P.C. 1095, Nicosia, Cyprus Capital Variable (Branch) (FQQJ*INƯHNT2ZWFST(JSYJW3N[JQ TK ?TSF SPAIN Guatemala OnMobile Global Spain, SL PANAMA (Branch) &[JSNIFIJ*ZWTUFSZRJWT*INƯHNT9TWTSF5QFSYF Modulo A, Letra C, del Parque Empresarial La Moraleja, OnMobile Global Limited (Branch) codigo postal 28108 de Alcobendas, Madrid (Espana) CA Legal Services, Global Bank Tower, Calle 50, Floor 24th, 4KƯHJ5FSFRF7JUZGQNHTK5FSFRF OnMobile Latam Holdings, SL &[JSNIFIJ*ZWTUFSZRJWT*INƯHNT9TWTSF5QFSYF LATIN AMERICA Modulo A, Letra C, del Parque Empresarial La Moraleja, codigo postal 28108 de Alcobendas, Madrid (Espana) VENEZUELA NORTH AMERICA OnMobile De Venezuela, CA Tercera Avenida, entre 6ta y 7ma Transversal de los Palos USA Grandes, Quinta Clydes. Caracas, Venezuela OnMobile USA LLC CHILE (Branch) 2JWWNHP 12 Report on Corporate Governance CORPORATE GOVERNANCE 3TSJof the Directors are related to each other. The Company’s Philosophy on Corporate Governance 3TYJ 7FON[ 5FSHMTQ^ WJXNLSJI KWTR YMJ 'TFWI \JK +JG is as under: FSI FX (*4 \JK +JG 5FXHFQ 9WJRGQF^ WJXNLSJIKWTRYMJ'TFWI\JK2F^ (MWNX&WXJSFZQY N *SXZWJ YMFY YMJ 'TFWI J]JWHNXJX NYX ƯIZHNFW^ \FXFUUTNSYJIFX&IINYNTSFQ)NWJHYTW\JK2F^ FSI WJXUTSXNGNQNYNJX YT\FWIX XMFWJMTQIJWX YMJWJG^ JSXZWNSL NX UWTUTXJI YT GJ FUUTNSYJI FX FS .SIJUJSIJSY )NWJHYTW FY MNLMFHHTZSYFGNQNY^ YMJKTWYMHTRNSL&,2 NN *SXZWJ YMFY YMJ IJHNXNTS RFPNSL NX YWFSXUFWJSY FSI MEETINGS OF THE BOARD ITHZRJSYFW^J[NIJSHJNXYWFHJFGQJYMWTZLMYMJRNSZYJX 9MJ 'TFWI RJJYX FY QJFXY KTZW YNRJX NS F ^JFW \NYM YMJ TKYMJRJJYNSLXTKYMJ'TFWI(TRRNYYJJYMJWJTK NSYJW[JSNSLUJWNTIGJY\JJSY\T'TFWIRJJYNSLXTKSTYRTWJ NNN *SXZWJ YMFY YMJ 'TFWI YMJ XJSNTW RFSFLJRJSY YJFR YMFS TSJ MZSIWJI FSI Y\JSY^ IF^X 9MJ FSSZFQ HFQJSIFW TK YMJHTRUQNFSHJTKƯHJWYMJJRUQT^JJXFSIFQQHTSHJWSJI RJJYNSLX NX YJSYFYN[JQ^ IJYJWRNSJI FY YMJ GJLNSSNSL TK JFHM FWJKZQQ^HTRRNYYJIYTRF]NRN_JQTSLYJWR[FQZJYTYMJ ^JFW )ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ 'TFWI RJY XMFWJT\SJWXFSIYMJ(TRUFS^ Ư[JYNRJXFXLN[JSGJQT\ Details of Board meetings held during the year N[ *SXZWJ YMFY YMJ ƯSFSHNFQ FSI RFSFLJRJSY NSKTWRFYNTS \MNHMRFSFLJRJSYXMFWJX\NYMYMJ'TFWIFX\JQQFXYMJ HZWWJSYFSIUTYJSYNFQNS[JXYTWXNXYNRJQ^FSIFHHZWFYJ Sl. No. Date of Board Meeting Board Directors Strength present* [ *SXZWJ YMFY YMJ HTWJ [FQZJX TK YMJ (TRUFS^ FWJ 1 2F^ 77 UWTYJHYJI 2 /ZQ^ 76 [N *SXZWJ YMFY YMJ (TRUFS^ XYWN[JX YT FHMNJ[J \TWQI HQFXX 3 3T[JRGJW 77 TUJWFYNSLUWFHYNHJX 4 +JGWZFW^ 76 BOARD OF DIRECTORS +JGWZFW^ 76 9MJ 4S2TGNQJ 'TFWI HTSXNXYX TK *]JHZYN[J FSI 3TS J]HQZINSL YMJ UFWYNHNUFYNTS JNYMJW YMWTZLM [NIJT TW FZINT *]JHZYN[J INWJHYTWX 9MJ 3TS*]JHZYN[J INWJHYTWX HTSXNXY HTSKJWJSHJFSISTYHTZSYJIKTWVZTWZR TK JRNSJSY UWTKJXXNTSFQX KWTR GZXNSJXX FSI ƯSFSHJ 9MJ & XYWZHYZWJI FLJSIF LT[JWSX YMJ RJJYNSLX 2JRGJWX TK YMJ (TRUFS^ ITJX STY MF[J FS^ STRNSJJ INWJHYTW 9MJ 'TFWI 'TFWI NS HTSXZQYFYNTS \NYM YMJ (MFNWRFS RF^ GWNSL ZU FS^ consisted of 6 Directors as on March 31, 2017 of which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l.No Name Designation WJVZNWJI YT GJ RFIJ F[FNQFGQJ YT YMJ 'TFWI ZSIJW 5FWY 1 +WFS«TNX(MFWQJX8NWTNX *]JHZYN[J(MFNWRFSFSI(*4 & TK 8HMJIZQJ .. TK 7JLZQFYNTS TK YMJ 8*'. 1NXYNSL 4GQNLFYNTSXFSI)NXHQTXZWJ7JVZNWJRJSYX7JLZQFYNTSX 2 7FON[0MFNYFS .SIJUJSIJSY)NWJHYTW 3 3FSH^(WZNHPXMFSP .SIJUJSIJSY)NWJHYTW 4 8FSOF^'F\JOF .SIJUJSIJSY)NWJHYTW 3JMHMFQ8FSIMZ .SIJUJSIJSY)NWJHYTW 6 5FXHFQ9WJRGQF^ .SIJUJSIJSY)NWJHYTW 13 DETAILS OF DIRECTORS AND THEIR ATTENDANCE Name of Position Category Attendance in Attendance Other Boards Director Board Meetings in last AGM Held Attended Directorships Directorships Committee Committee * in Indian all around the Chairmanships Memberships# public world ++ (including companies+ # Chairmanships) +WFS«TNX(MFWQJX *]JHZYN[J *]JHZYN[J Yes 3NQ 13 3NQ 3NQ Sirois1 (MFNWRFS Director FSI(*4 7FON[5FSHMTQ^2 2FSFLNSL *]JHZYN[J 4Yes 3NQ 3 3NQ 3NQ Director & Director (*4 7FON[0MFNYFS Director .SIJUJSIJSY Yes 3 24 3FSH^ Director .SIJUJSIJSY 3T 3NQ 4 3NQ 3NQ (WZNHPXMFSP 8FSOF^'F\JOF Director .SIJUJSIJSY Yes 16 1 2 3JMHMFQ Director .SIJUJSIJSY Yes 3NQ 1 3NQ 1 Sandhu 5FXHFQ9WJRGQF^3 Director .SIJUJSIJSY 3 3T 3NQ 23 3NQ 1 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FSI NSYJWSFQ FZINYTWX FIJVZFH^ TK NSYJWSFQ HTSYWTQ &UUWT[FQTKUF^RJSYYTXYFYZYTW^FZINYTWXKTWFS^TYMJW X^XYJRX XJW[NHJXWJSIJWJIG^YMJXYFYZYTW^FZINYTWX 7J[NJ\NSL YMJ FIJVZFH^ TK NSYJWSFQ FZINY KZSHYNTS 7J[NJ\NSL \NYM YMJ RFSFLJRJSY YMJ FSSZFQ ƯSFSHNFQ NK FS^ NSHQZINSL YMJ XYWZHYZWJ TK YMJ NSYJWSFQ FZINY XYFYJRJSYXGJKTWJXZGRNXXNTSYTYMJGTFWIKTWFUUWT[FQ IJUFWYRJSY XYFKƯSL FSI XJSNTWNY^ TK YMJ TKƯHNFQ \NYMUFWYNHZQFWWJKJWJSHJYT MJFINSL YMJ IJUFWYRJSY WJUTWYNSL XYWZHYZWJ HT[JWFLJ FSIKWJVZJSH^TKNSYJWSFQFZINY F 2FYYJWX WJVZNWJI YT GJ NSHQZIJI NS YMJ )NWJHYTWŤX 7JXUTSXNGNQNY^ 8YFYJRJSY YT GJ NSHQZIJI NS YMJ )NXHZXXNTS \NYM NSYJWSFQ FZINYTWX TK FS^ XNLSNƯHFSY 'TFWIŤXWJUTWYNSYJWRXTKHQFZXJ HTKXZGXJHYNTS ƯSINSLXFSIKTQQT\ZUYMJWJTS TK8JHYNTSTKYMJ(TRUFSNJX&HY 7J[NJ\NSL YMJ ƯSINSLX TK FS^ NSYJWSFQ NS[JXYNLFYNTSX G (MFSLJXNKFS^NSFHHTZSYNSLUTQNHNJXFSIUWFHYNHJX G^ YMJ NSYJWSFQ FZINYTWX NSYT RFYYJWX \MJWJ YMJWJ NX and reasons for the same XZXUJHYJI KWFZI TW NWWJLZQFWNY^ TW F KFNQZWJ TK NSYJWSFQ HTSYWTQ X^XYJRX TK F RFYJWNFQ SFYZWJ FSI WJUTWYNSL YMJ H 2FOTWFHHTZSYNSLJSYWNJXNS[TQ[NSLJXYNRFYJXGFXJI matter to the board. 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Education and Protection Fund 3J\X WJQJFXJX 4KƯHNFQ SJ\X WJQJFXJX FSI TKƯHNFQ RJINF IPO Application money: .S YJWRX TK 8JHYNTS TK WJQJFXJXFWJXJSYYT8YTHP*]HMFSLJX (TRUFSNJX &HY YMJ FUUQNHFYNTS RTSJ^ WJHJN[JI G^ HTRUFSNJXKTWFQQTYRJSYTKFS^XJHZWNYNJXFSIIZJKTWWJKZSI Presentations to institutional investors / analysts: FWJ WJVZNWJI YT GJ YWFSXKJWWJI YT .S[JXYTW *IZHFYNTS FSI 5WJXJSYFYNTSXRFIJYTYMJNSXYNYZYNTSFQNS[JXYTWXFSIFSFQ^XYX 5WTYJHYNTS +ZSI .*5+ FKYJW F UJWNTI TK XJ[JS ^JFWX 9MJ FKYJW YMJ IJHQFWFYNTS TK YMJ VZFWYJWQ^ MFQK ^JFWQ^ FSI FSSZFQ FUUQNHFYNTS RTSJ^ WJHJN[JI G^ YMJ (TRUFS^ FY YMJ YNRJ TK WJXZQYX FWJ INXUQF^JI TS YMJ (TRUFS^ŤX \JGXNYJ www. .54NSYMJƯSFSHNFQ^JFW IZJKTWWJKZSIFRTZSYNSL onmobile.com to ` YMFY \FX Q^NSL NS YMJ ZSUFNI FHHTZSY \FX YWFSXKJWWJI YT .*5+ NS YMJ +NSFSHNFQ ^JFW FSI YMJ Website: 9MJ (TRUFS^ŤX \JGXNYJ www.onmobile.com SJHJXXFW^ WJYZWSXINXHQTXZWJX \FX ƯQJI \NYM YMJ 2NSNXYW^ TK HTSYFNSX F XJUFWFYJ IJINHFYJI XJHYNTSţ.S[JXYTWXŤ \MJWJ (TWUTWFYJ&KKFNWX XMFWJMTQIJWXŤNSKTWRFYNTSNXF[FNQFGQJ9MJ(TRUFS^ŤX&SSZFQ 7JUTWY NX FQXT F[FNQFGQJ TS YMJ \JGXNYJ NS F ZXJWKWNJSIQ^ FSI Unpaid dividend: .S YJWRX TK 8JHYNTS TK (TRUFSNJX downloadable form. &HY IN[NIJSIX YMFY FWJ STY JSHFXMJI TW HQFNRJI \NYMNSXJ[JS^JFWXKWTRYMJIFYJTKNYXYWFSXKJWYTYMJZSUFNI Annual Report: 9MJ &SSZFQ 7JUTWY HTSYFNSNSL NSYJW IN[NIJSI FHHTZSY GJ YWFSXKJWWJI YT YMJ .S[JXYTW *IZHFYNTS FQNF &ZINYJI &SSZFQ &HHTZSYX (TSXTQNIFYJI +NSFSHNFQ FSI 5WTYJHYNTS +ZSI .*5+ JXYFGQNXMJI G^ YMJ ,T[JWSRJSY 8YFYJRJSYX )NWJHYTWXŤ 7JUTWY &ZINYTWXŤ 7JUTWY FSI TYMJW 9MJ (TRUFS^ MFX GJJS UF^NSL IN[NIJSI KTW YMJ UFXY Ư[J important information is circulated to the members and ^JFWXNJFSI TYMJWX JSYNYQJI YMJWJYT 9MJ 2FSFLJRJSYŤX )NXHZXXNTS FSI &HHTWINSLQ^ YMJ YWFSXKJW TK ZSUFNI IN[NIJSI FRTZSY YT .*5+ &SFQ^XNX 2) & 7JUTWY KTWRX UFWY TK YMJ &SSZFQ 7JUTWY \NQQFWNXJNS+> FSI NX INXUQF^JI TS YMJ (TRUFS^ŤX \JGXNYJ www.onmobile. com CONTACT INFORMATION NSE Electronic Application Processing System (NEAPS): 7JLNXYJWJIFSI(TWUTWFYJ4KƯHJ 9MJ 3*&58 NX F \JGGFXJI FUUQNHFYNTS IJXNLSJI G^ 38* KTW HTWUTWFYJX&QQUJWNTINHFQHTRUQNFSHJƯQNSLXQNPJXMFWJMTQINSL OnMobile Global Limited UFYYJWS HTWUTWFYJ LT[JWSFSHJ WJUTWY ƯSFSHNFQ WJXZQYX 9T\JW ( RJINF WJQJFXJX FRTSL TYMJWX FWJ ƯQJI JQJHYWTSNHFQQ^ TS ;JJWFXFSIWF;NQQFLJ&YYNGJQJ-TGQN 3*&58 &SJPFQ9FQZP*QJHYWTSNH(NY^5MFXJ 'FSLFQTWJ0FWSFYFPF.SINF BSE Corporate Compliance & Listing Centre (the ‘Listing 9 + Centre’): '8*ŤX 1NXYNSL (JSYWJ NX F \JGGFXJI FUUQNHFYNTS (.3 10&51( IJXNLSJI KTW HTWUTWFYJX &QQ UJWNTINHFQ HTRUQNFSHJ ƯQNSLX MYYU www.onmobile.com QNPJ XMFWJMTQINSL UFYYJWS HTWUTWFYJ LT[JWSFSHJ WJUTWY ƯSFSHNFQ WJXZQYX RJINF WJQJFXJX FRTSL TYMJWX FWJ FQXT ƯQJI Other Locations JQJHYWTSNHFQQ^TSYMJ1NXYNSL(JSYWJ MUMBAI: N9MNSP 9JHMST (FRUZX 4KƯHJ 3T SEBI Complaints Redress System (SCORES): 9MJ NS[JXYTW 8ZUWJRZX* Investor Relations – Institutional 7FIMNPF;JSZLTUFQ)NWJHYTW+NSFSHJ 9 + * [email protected] Public Relations 2FIMZXZIFS3;NHJ5WJXNIJSY2FWPJYNSL 9 + * [email protected] Listing details 9MJXMFWJXTKYMJ(TRUFS^FWJQNXYJITS '8*1NRNYJI 5MNWT_J/MJJOMJJGMTZ^9T\JWX )FQFQ8YWJJY+TWY2ZRGFNŠ 3FYNTSFQ8YTHP*]HMFSLJTK.SINF1NRNYJI 38* *]HMFSLJ5QF_F5QTY3T(,'QTHP 'FSIWF0ZWQF(TRUQJ]'FSIWF * 2ZRGFNŠ 9MJ (TRUFS^ MFX UFNI YMJ QNXYNSL KJJX FY GTYM YMJ J]HMFSLJX KTW YMJ +> FSI HTRUQNJI\NYMYMJQNXYNSLWJVZNWJRJSYX Stock code 3FYNTSFQ8YTHP*]HMFSLJTK.SINF1NRNYJI 38*Š4324'.1* '8*1NRNYJI '8*Š Forthcoming Annual General 9MJ 8J[JSYJJSYM &SSZFQ ,JSJWFQ 2JJYNSL &,2 TK YMJ 2JRGJWX TK 4S2TGNQJ ,QTGFQ Meeting (AGM) 1NRNYJI\NQQGJMJQITS Financial Calendar (tentative Event Likely Board Meeting Schedule and subject to change) +NSFSHNFQ WJUTWYNSL KTW YMJ VZFWYJW JSINSL *SITK/ZQ^ 'JLNSSNSLTK&ZLZXY June 30, 2017 +NSFSHNFQ WJUTWYNSL KTW YMJ VZFWYJW JSINSL *SITK4HYTGJW 'JLNSSNSLTK September 30, 2017 3T[JRGJW +NSFSHNFQ WJUTWYNSL KTW YMJ VZFWYJW JSINSL *SITK/FSZFW^ 'JLNSSNSLTK+JGWZFW^ December 31, 2017 +NSFSHNFQ WJUTWYNSL KTW YMJ VZFWYJW^JFW *SITK2F^ JSINSL2FWHM Book Closure Date(s) +WTR&ZLZXY YT8JUYJRGJW GTYMIF^XNSHQZXN[J Dividend Payment Date \NYMNSIF^XKWTRYMJIFYJTK&,2 Registrars And Share 0FW[^(TRUZYJWXMFWJ5WN[FYJ1NRNYJI Transfer Agents 0FW[^ 8JQJSNZR 9T\JW ' 5QTY 3T ,FHMNGT\QN +NSFSHNFQ )NXYWNHY 3FSFPWFRLZIF 8JWNQNSLFRUFQQ^2FSIFQ -^IJWFGFIŠ 9 + *RFNQNI [email protected] Depository System (ZWWJSYQ^ TK YMJ (TRUFS^ŤX XMFWJ HFUNYFQ NX MJQI NS IJRFYJWNFQNXJI KTWR +TW FS^ FXXNXYFSHJNSHTS[JWXNTSTKYMJUM^XNHFQXMFWJXYTIJRFYKTWRTW[NHJ[JWXFYMJNS[JXYTWXRF^ FUUWTFHM0FW[^(TRUZYJWXMFWJ5WN[FYJ1NRNYJIFYYMJFIIWJXXJXRJSYNTSJIFGT[J Email ID of Grievance [email protected] Redressal Division [email protected] 26 Distribution Schedule Distribution of Shareholding as on 31/03/2017 (TOTAL) Sl. Category (Amount) No. of Holders % To Holders No. of shares held Amount(`) % To Equity No. 1 2 7.06 3 1,302 3.62 4 1.34 1.20 0.61 0.76 6 232 1,107,724 11,077,240.00 1.06 7 377 2.73 FSIFGT[J 1.26 TOTAL: 35,938 100.00 104,350,090 1,043,500,900.00 100.00 Shareholding Pattern as on March 31, 2017 Description No. of shareholders Total shares % to equity 5WTRTYJWFSI5WTRTYJWLWTZU 1 2ZYZFQ+ZSIX:9. 1 0.43 +NSFSHNFQ.SXYNYZYNTSX'FSPX 4 0.26 +TWJNLS5TWYKTQNT.S[JXYTWX 47 'TINJX(TWUTWFYJ .SIN[NIZFQX +TWJNLS3FYNTSFQX 0.03 (QJFWNSL2JRGJWX 174 370,402 3TS7JXNIJSY.SINFSX 1.01 Trusts 3 3,201 0.00 TOTAL 35,938 104,350,090 100.00 Stock Market Data 2TSYMQ^MNLMFSIQT\VZTYJXIZWNSLJFHMRTSYMNSYMJƯSFSHNFQ^JFW FX\JQQFXYMJ[TQZRJTKXMFWJXYWFIJITS38*FSI '8*FWJFXGJQT\ Financial Year 2016-17 BSE NSE Month High (`)Low (`) Total Traded Quantity High (`)Low (`) Total Traded Quantity &UWNQ 127.00 2F^ June /ZQ^ 11,166,033 &ZLZXY 122.00 September 121.70 October 100.30 100.00 3T[JRGJW 114.40 December /FSZFW^ +JGWZFW^ 76.40 March 3,076,143 27 OnMobile Global Limited vs BSE (Sensex) transaction from the broker, shareholders should approach YMJ IJUTXNYFW^ UFWYNHNUFSY \NYM F WJVZJXY YT IJGNY TW HWJINY 150 35000 YMJ FHHTZSY KTW YMJ YWFSXFHYNTS 9MJ IJUTXNYTW^ UFWYNHNUFSY 140 130 30000 \NQQ NRRJINFYJQ^ FWWFSLJ YT HTRUQJYJ YMJ YWFSXFHYNTS 120 G^ ZUIFYNSL YMJ FHHTZSY 9MJWJ NX ST SJJI KTW XJUFWFYJ 110 25000 100 HTRRZSNHFYNTSYTWJLNXYJWYMJXMFWJYWFSXKJW 90 20000 80 +TWYMJ^JFWZSIJWWJ[NJ\YMJXZRRFW^TKYMJXYFPJMTQIJWXŤ 70 60 15000 NS[JXYTWXLWNJ[FSHJXWJVZJXYXFWJFXGJQT\ 50 40 10000 30 Sl. Description Received Resolved Pending 20 5000 10 No. 0 0 1 3TSWJHJNUYTK 000 electronic credits 2 3TSWJHJNUYTK 12 12 0 ONMOBILE SENSEX annual reports 3 3TSWJHJNUYTK 0 OnMobile Global Limited vs NSE (Nifty) IN[NIJSI\FWWFSYX 150 10000 4 3TSWJHJNUYTK 000 140 9000 7JKZSITWIJWX 130 120 8000 3TSWJHJNUYTK 000 110 7000 100 securities 90 6000 80 6 8*'. XYTHPTUYNTSŤX 000 5000 70 WJQFYJI 60 4000 50 3000 TOTAL 21 21 0 40 30 2000 20 1000 Dematerialization of Shares 10 0 0 9MJ(TRUFS^ŤXXMFWJXFWJFIRNYYJINSYTGTYMYMJIJUTXNYTWNJX [N_ 3FYNTSFQ 8JHZWNYNJX )JUTXNYTW^ 1NRNYJI FSI (JSYWFQ )JUTXNYTW^ 8JW[NHJX .SINF 1NRNYJI &X TS 2FWHM TKYMJ(TRUFS^ŤXXMFWJXFWJMJQINSJQJHYWTSNHKTWR ONMOBILE NIFTY 50 CDSL 10.93% Investor Grievance and Share Transfer Physical 9MJ(TRUFS^MFXF8YFPJMTQIJWX7JQFYNTSXMNU(TRRNYYJJTK 0.16% YMJ 'TFWI YT J]FRNSJ FSI WJIWJXX XMFWJMTQIJWXŤ FSI NS[JXYTW complaints. The status on share transfers is reported to the 'TFWI G^ YMJ (TRUFS^ 8JHWJYFW^ )JYFNQX TK HTRUQFNSYX WJHJN[JI FSI YMJNW SFYZWJ NX UWT[NIJI GJQT\ 9MJ (TRUFS^ 8JHWJYFW^ WJHJN[JX YMJ XMFWJ YWFSXKJWX FSI WJUTWYX YMJ XFRJ YT YMJ HTRRNYYJJ FY YMJNW RJJYNSL +TW RFYYJWX WJLFWINSL XMFWJX YWFSXKJWWJI NS UM^XNHFQ KTWR XMFWJ HJWYNƯHFYJX IN[NIJSIX HMFSLJ TK FIIWJXX JYH XMFWJMTQIJWX XMTZQI NSDL HTRRZSNHFYJ\NYM0FW[^(TRUZYJWXMFWJ5WN[FYJ1NRNYJITZW 88.91% 7JLNXYWFWFSI8MFWJYWFSXKJWFLJSY9MJFIIWJXXNXLN[JSNSYMJ XJHYNTS TSţ8MFWJMTQIJW NSKTWRFYNTSŤ +TW XMFWJX YWFSXKJWWJI NS JQJHYWTSNH KTWR FKYJW HTSƯWRFYNTS TK XFQJUZWHMFXJ CERTIFICATE OF COMPLIANCE FROM AUDITORS AND/OR INDEPENDENT COMPANY SECRETARY AS STIPULATED UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 INDEPENDENT AUDITOR’S CERTIFICATE ON CORPORATE GOVERNANCE TO THE MEMBERS OF YMJ 2FSFLJRJSY \J HJWYNK^ YMFY YMJ (TRUFS^ MFX ONMOBILE GLOBAL LIMITED HTRUQNJI\NYMYMJHTSINYNTSXTK(TWUTWFYJ,T[JWSFSHJFX XYNUZQFYJINSWJLZQFYNTSX YT FSIHQFZXJX GYT NTK 9MNXHJWYNƯHFYJNXNXXZJINSFHHTWIFSHJ\NYMYMJYJWRXTK WJLZQFYNTS FSI UFWF ( FSI ) TK 8HMJIZQJ ; TK YMJ TZWJSLFLJRJSYQJYYJWIFYJI4HYTGJW 1NXYNSL7JLZQFYNTSXIZWNSLYMJ^JFWJSIJI2FWHM Declaration by the Executive Chairman and CEO under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding compliance with Code of Conduct .S FHHTWIFSHJ \NYM 7JLZQFYNTS FSI 5FWY ) TK 8HMJIZQJ ; TK 8*'. 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 7JVZNWJRJSYX 7JLZQFYNTSX.MJWJG^HTSƯWRYMFYYMJ(TRUFS^MFXNSWJXUJHYTKYMJ^JFWJSIJI2FWHM WJHJN[JIKWTRNYX'TFWI RJRGJWXFX\JQQFXXJSNTWRFSFLJRJSYUJWXTSSJQFKƯWRFYNTSFXYTHTRUQNFSHJ\NYMYMJ(TIJTK(TSIZHY 5QFHJ 1TSITS François-Charles Sirois )FYJ 2F^ *]JHZYN[J(MFNWRFSFSI(*4 (*4FSI(+4(JWYNƯHFYNTS .S UZWXZFSHJ TK 7JLZQFYNTS TK 8*'. 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 7JVZNWJRJSYX 7JLZQFYNTSX \J +WFS«TNX (MFWQJX 8NWTNX *]JHZYN[J (MFNWRFS FSI (MNJK *]JHZYN[J 4KƯHJW FSI 5WF[JJS0ZRFW0/ (MNJK +NSFSHNFQ 4KƯHJW TK 4S2TGNQJ ,QTGFQ1NRNYJIYTYMJGJXYTKTZWPST\QJILJFSIGJQNJKHJWYNK^YMFY François-Charles Sirois Praveen Kumar KJ *]JHZYN[J(MFNWRFSFSI(*4 (MNJK+NSFSHNFQ4KƯHJW )FYJ 2F^ 5QFHJ 1TSITS 30 Directors’ Report Dear Shareholders, compared to ` RNQQNTS NS 9MJ HTSXTQNIFYJI INQZYJIJFWSNSLX 1TXXUJWXMFWJ *58KTWYMJ^JFW The Directors are pleased to present the 17th Annual Report is `1.34 as compared to ` UJWXMFWJNS on the business and operations of the Company together \NYM YMJ FZINYJI ƯSFSHNFQ XYFYJRJSYX KTW YMJ ^JFW JSIJI Appropriations March 31, 2017. Dividend RESULTS OF OPERATIONS FOR THE YEAR Your directors are pleased to recommend the following 2016-17 IN[NIJSI KTW YMJ ƯSFSHNFQ ^JFW JSIJI 2FWHM \MNHM Summary of the operations of the Company on standalone is payable on obtaining the shareholders’ approval in the 17th GFXNXKTWYMJƯSFSHNFQ^JFW NXFXKTQQT\X &SSZFQ,JSJWFQ2JJYNSLXHMJIZQJIKTW8JUYJRGJW (In ` Million) Dividend Par Date of Particulars Per- amount Book Closure value recom- Particulars 2016-17 2015-16 of dividend centage per equity Date ` mendation ( ) share (`) Revenue from operations 3,049.98 3,331.55 August 31, Earnings before other income, depreciation 72.50 341.34 2017 to Final 2F^ FSIFRTWYN_FYNTSƯSFSHJHMFWLJX 10.00 15% 1.50 September Dividend 2017 Exceptional item and tax GTYM days inclusive) Exceptional item The total dividend payout amount for the year inclusive of 5WTƯY 1TXXGJKTWJTYMJWNSHTRJ 338.88 dividend distribution tax will be `188.39 million. IJUWJHNFYNTSFSIFRTWYN_FYNTSƯSFSHJ charges and tax Barring unforeseen circumstances, the Board intends to 5WTƯY 1TXXGJKTWJYF] 490.48 maintain similar or better levels of dividend payout over the next few years. However, the actual dividend payout in each 5WTƯY 1TXXKTWYMJ^JFW (21.25) year will be subject to the investment requirements and any TYMJWXYWFYJLNHUWNTWNYNJXNIJSYNƯJIG^YMJ(TRUFS^ Total Comprehensive Income for the year 377.02 1.44 After providing for the dividend, the Company proposes to Equity Share Capital 1,043.50 1,081.11 retain ` RNQQNTS NS YMJ 8YFYJRJSY TK 5WTƯY FSI 1TXX Other Equity 5,741.07 5,899.91 The Company is not proposing to transfer any amount to WJXJW[JXKWTRYMJUWTƯYXTKYMJƯSFSHNFQ^JFW Networth Liquidity Net Block As on March 31, 2017 the Company had liquid assets Net Current Assets 2,879.58 3,399.89 NSHQZINSL NS[JXYRJSYX NS Ư]JI IJUTXNYX FSI RZYZFQ KZSIX TK ` Cash and Cash Equivalents 840.92 RNQQNTS *FWSNSLX 1TXXUJWXMFWJ )NQZYJI .S`) 4.04 (0.19) BUY BACK BUSINESS PERFORMANCE / FINANCIAL The Board of Directors at their meeting held on February 4, FUUWT[JI GZ^GFHP TK JVZNY^ XMFWJX TK YMJ (TRUFS^ OVERVIEW from the open market through the Stock Exchange Standalone Financials Mechanism up to an aggregate amount of `70 crores subject YTFRF]NRZRTKJVZNY^XMFWJX )ZWNSL YMJ (TRUFS^ WJHTWIJI SJY WJ[JSZJ TK ` 3,049.98 million, as compared to ` RNQQNTS NS 9MJ GZ^GFHP TKKJW TUJSJI TS +JGWZFW^ FSI YMJ 9MJ 5WTƯY 1TXX FKYJW YF] TK YMJ (TRUFS^ NX ` Company had bought back 1,532,594 equity shares during RNQQNTS NS FX HTRUFWJI YT ` RNQQNTS NS +> FSI YMJ (TRUFS^ GTZLMY GFHP YMJ GFQFSHJ 9MJ INQZYJI JFWSNSLX 1TXX UJW XMFWJ *58 NX ` 4.04 per JVZNY^ XMFWJX IZWNSL YMJ ^JFW ZSIJW WJ[NJ\ FSI share as compared to ` UJWXMFWJNS YMJ GZ^GFHP TKKJW HQTXJI TS/ZSJ 9MJ QFXY QTY of extinguishment of equity shares in connection with the Consolidated Financials 'Z^GFHP HTRUQJYJI TS/ZQ^ &X F WJXZQY TK YMNX 'Z^ )ZWNSL YMJ (TRUFS^ WJHTWIJI HTSXTQNIFYJI SJY 'FHP YMJ NXXZJI FSI UFNIZU XMFWJ HFUNYFQ TK YMJ (TRUFS^ revenue of ` RNQQNTS FX HTRUFWJI YT `8,157.43 MFIWJIZHJIKWTR XMFWJXYT XMFWJX RNQQNTS NS 9MJ HTSXTQNIFYJI 5WTƯY 1TXX FKYJW YF] FXTS/ZQ^ TK YMJ (TRUFS^ KTW YMJ ^JFW NX `140.90 million as 31 CHANGES TO THE SHARE CAPITAL MATERIAL CHANGES FOR THE PERIOD BETWEEN END OF THE FINANCIAL YEAR AND THE DATE OF )ZWNSLYMJ^JFWZSIJWWJ[NJ\YMJ(TRUFS^FQQTYYJI THE REPORT equity shares (including bonus shares) on the exercise of stock options under its various Employee Stock Option Plans. There have been no material changes for the period between JSITKYMJƯSFSHNFQ^JFW FSIYMJIFYJTKYMNXWJUTWY As a result of the aforesaid buyback and the allotment of FKKJHYNSLYMJƯSFSHNFQUTXNYNTSTKYMJ(TRUFS^ JVZNY^ XMFWJX ZSIJW *845X YMJ NXXZJI FSI UFNIZU XMFWJ capital of the Company as on March 31, 2017 stands at OPERATIONAL EFFICIENCY `1,043,500,900. OnMobile operations team continues its efforts to improve SIGNIFICANT EVENTS: 2016-17 YMJ JKƯHNJSHNJX )ZJ YT FZYTRFYNTS TK YFXPX T[JW YMJ QFXY quarters, TATs have improved drastically. Monitoring systems Launch of consumer brand ONMO are in place to ensure 95% of the issues are proactively 4S 4HYTGJW YM 4S2TGNQJ ,QTGFQ 1NRNYJI ZS[JNQJI NIJSYNƯJI FSI Ư]JI \NYM FS FNR YT RF]NRN_J RTSJYN_FYNTS its new consumer brand, ONMO, and showcased some of its The Delivery, Operations and Engineering teams jointly drove new products that will use sound to enrich communication, YMJKTQQT\NSLJKKTWYX expression, and discovery. With this OnMobile, plans .84(JWYNƯHFYNTS to engage with consumers directly, offering a suite of universally recognizable apps and services to its customers OnMobile continues to strive for process excellence. worldwide. Building upon its competency it has introduced Operations team has ensured successful Surveillance Audit a new generation of Apps that positions OnMobile as a for the year 2017 in our effort to ensure that we retain our UT\JWMTZXJNSXTZSIGFXJIHTRRZSNHFYNTSHFYJLTW^-F[NSL .84 HJWYNƯHFYNTSKWTR:0&89MJ(QNJSY)JQN[JW^ RFIJ XNLSNƯHFSY NS[JXYRJSYX NS HTWJ YJHMSTQTL^ UWTIZHY units, platforms, products and support functions were development, processes and people OnMobile is ready to FZINYJI J]YJSXN[JQ^ ZSIJW YMJ .84 XYFSIFWIX serve consumers directly. framework by DNV. This is an endorsement of the efforts that have gone into continued improvement of processes. INFORMATION ABOUT SUBSIDIARY/JOINT VENTURE/ASSOCIATE COMPANIES Automation & Optimization We continue our efforts towards automation of repetitive As on March 31, 2017, the Company has 44 subsidiaries. tasks. Processes have been mapped to systems to make )ZWNSLYMJ^JFW YMJKTQQT\NSLGWFSHMJXTK4S2TGNQJ them measurable in terms of quantity and time. Data points ,QTGFQ1NRNYJI\JWJHQTXJI \JWJ ZXJI YT HWJFYJ IFXMGTFWIX FSI YWFHP YJFRX^XYJR performances and drive improvements. Few more processes 1. Australia HQTXJI\JKYM)JHJRGJW have been put under quality audit and improvement plan. 2. Spain HQTXJI\JKYM)JHJRGJW Operations team In accordance with Section 129(3) of the Companies Act, The Operations team has been Centralized under Global YMJ (TRUFS^ MFX UWJUFWJI HTSXTQNIFYJI ƯSFSHNFQ Support & Operations team. This is an extension of the scope statement of the Company and all its subsidiary companies, TK JFWQNJW ,34(Š\MNHM \FX RTSNYTWNSL FSI 1 XZUUTWY YT which forms part of the Annual Report. A statement complete Operations support. We have been able to reduce HTSYFNSNSL XFQNJSY KJFYZWJX TK YMJ ƯSFSHNFQ XYFYJRJSYX TK on repetitive work across multiple regions. This consolidation YMJ XZGXNINFWNJX TK YMJ (TRUFS^ NS +TWR &4( NX LN[JS NS has helped in improving issue resolution time due to cross Annexure I. learning. .S FHHTWIFSHJ \NYM YMNWI UWT[NXT TK 8JHYNTS TK YMJ Companies Act, 2013, the Annual Report of the Company, INFRASTRUCTURE containing therein its standalone and the consolidated 4S2TGNQJ NX MF[NSL \NYM RTWJ YMFS TKƯHJX FHWTXX YMJ ƯSFSHNFQ XYFYJRJSYX MFX GJJS UQFHJI TS YMJ \JGXNYJ TK YMJ LQTGJ FSI QFPM XVZFWJ KJJY TK TKƯHJ XUFHJ 9MJ TKƯHJX Company, www.onmobile.com. Further, as per fourth proviso FWJHFYJLTWN_JIFX[NWYZFQTKƯHJGZXNSJXXHJSYJWXFSIT\SJI of the said Section, audited annual accounts of each of the QJFXJI TKƯHJX 4S2TGNQJ MJFIVZFWYJWX NS *QJHYWTSNH HNY^ subsidiary companies have also been placed on the website Bangalore is the largest facility with 1.30 lakh square feet of of the Company, www.onmobile.com. These documents will TKƯHJ XUFHJ &QQ YMJ 4S2TGNQJ KFHNQNYNJX FWJ \JQQ JVZNUUJI also be available for inspection during business hours at the with good Infrastructure & working atmosphere and high WJLNXYJWJITKƯHJTKYMJ(TRUFS^FY'FSLFQTWJ.SINF level of security and safety competency. Regular and planned preventive measures are in place to avoid downtime and to NEW LOCATIONS ensure business continuity. We operate the facilities in a During the year under review, the branch of the Company manner that complies with local laws and regulations. QTHFYJI NS 8WN 1FSPF XMNKYJI YT SJ\ FIIWJXX 8NRNQFWQ^ OnMobile services to customers PAN India. It has 9 regional YMJWJ MFX GJJS F HMFSLJ NS YMJ WJLNXYJWJI TKƯHJ FIIWJXX TK warehouses catering to internal hardware movement and 8NSLFUTWJ59*1YIYMJXZGXNINFW^TKYMJ(TRUFS^9MJSJ\ supporting operations of more than 2,500 internal IT servers addresses can be seen under Contact Information section. across India. OnMobile is a truly global company which is 32 XUWJFI T[JW HTZSYWNJX FSI JSOT^X QTSLYJWR UFWYSJWXMNUX be hosted in the cloud and will be able to serve any operator with global telecom operatons. worldwide. CORPORATE SOCIAL RESPONSIBILITY Mobile applications As a responsible organization, we strongly believe in This year, there has been many updates on the mobile contributing to the society. Hence, in line with our corporate FUUQNHFYNTSX IJQN[JWJI YT YMJ TUJWFYTWX FSI YMJ INWJHY philosophy, we tied up with an NGO – Society to Aid the YTHTSXZRJW FUUX 4SRT *]UWJXX FSI 4SRT )NXHT[JW MF[J Hearing Impaired (SAHI), which helps those suffering from been developed and delivered in 2017. FZINYTW^ NRUFNWRJSY .S FIINYNTS YT UWT[NINSL ƯSFSHNFQ support, we conducted 3 hearing screening camps at Vemulla, Sound expertise Chevella and Mahabubnagar in the state of Telangana As OnMobile is looking for new ways to use sound as a means for SAHI which had an involvement of 400 children. We of communication, we have invested in strengthening our INXYWNGZYJIFYTYFQTKFNIXFSINIJSYNƯJIYMTXJ\MTSJJIYT audio expertise and made research on audio transformation, undergo surgeries for their betterment. We also successfully conducted 2 Cochlear Implant Surgeries that helped restore JINYNSL FSI JSMFSHJRJSY YT UWT[NIJ JSIZXJW \NYM SJ\ the hearing ability of the affected individuals. This surgery capabilities. replaces the function of a damaged ear. CORPORATE GOVERNANCE To go a step further and encourage our employees to The Company is committed to maintain the highest contribute towards a cause that they feel passionate about, standards of corporate governance. The Company meets we introduced a policy which enables them to take 2 days off the standards and guidelines set by the Securities and in a year for the same. Exchange Board of India on corporate governance and have The Company constituted a Corporate Social Responsibility implemented all the stipulations prescribed. A detailed (CSR) Committee in accordance with Section 135 of the report on Corporate Governance as stipulated under Companies Act, 2013. The CSR Committee charter and the 8JHZWNYNJX FSI *]HMFSLJ 'TFWI TK .SINF 1NXYNSL 4GQNLFYNTSX CSR Policy of the Company are available in the website at the and Disclosure Requirements) Regulations, 2015 forms part GJQT\QNSP TKYMJ&SSZFQ7JUTWY(JWYNƯHFYJ XKWTRYMJ&ZINYTWXTKYMJ MYYU \\\TSRTGNQJHTRXNYJXIJKFZQYKNQJXHLDUTQNH^ Company, Deloitte Haskins & Sells, Chartered Accountants (TWUTWFYJD8THNFQD7JXUTSXNGNQNY^D5TQNH^UIK and Hegde & Hegde, Practicing Company Secretaries, HTSƯWRNSL HTRUQNFSHJ TK HTSINYNTSX TK (TWUTWFYJ Particulars required to be disclosed pursuant to the Governance as stipulated under the aforesaid Securities and Companies (Corporate Social Responsibility Policy) Rules, *]HMFSLJ 'TFWI TK .SINF 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 2014 are given in Annexure VIII to the Director’s report. Requirements) Regulations, 2015 are annexed to the RESEARCH AND DEVELOPMENT Corporate Governance Report. )ZWNSL YMJ ƯXHFQ ^JFW JSINSL 2FWHM 4S2TGNQJ MANAGEMENT DISCUSSION AND ANALYSIS MFX HTRUQJYJI YMJ IJ[JQTURJSY TK YMJ 85&70 UQFYKTWR REPORT KTW WNSLGFHP YTSJX FSI MFX IJUQT^JI NY NS YMJ :SNYJI 8YFYJX KTW YMJ QFZSHM TK NYX SJ\ INWJHYYTHTSXZRJW FUU 4324 In accordance with Part B of Schedule V of Securities and Express. OnMobile has also developed a new music discovery *]HMFSLJ 'TFWI TK .SINF 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ platform which is the core of its new service, ONMO Requirements) Regulations, 2015 the Management )NXHT[JWFQXTGJNSLQFZSHMJINSYMJ:SNYJI8YFYJX4S2TGNQJ Discussion and Analysis Report is presented in a separate has worked extensively on its new mobile content platform, Section forming part of the Annual Report. SPACE, which is used for delivering mobile content portals such as mobile news and mobile games services. BUSINESS RESPONSIBILITY REPORT )ZWNSL YMJ JSLNSJJWNSL FSI WJXJFWHM FSI The Company has prepared Business Responsibility Report development team has been more focused with dedicated NS QNSJ \NYM 8JHZWNYNJX FSI *]HMFSLJ 'TFWI TK .SINF 1NXYNSL YJFRXTSXUJHNƯHFWJFXTKJ]UJWYNXJ9MJYJFRNS'FSLFQTWJNX Obligations and Disclosure Requirements) Regulations, 2015, focused on ringback tone and billing infrastructure, the team which is annexed to this Annual Report. in France is focused on mobile application development while YMJ YJFR NS :SNYJI0NSLITR NX KTHZXJI TS RTGNQJ HTSYJSY DIRECTORS AND KEY MANANGERIAL delivery platform. PERSONNEL The mobile content platform Executive Chairman and CEO 9MJIJ[JQTURJSYYJFRNS8Y.[JX:SNYJI0NSLITRMFXGJJS +WFS«TNX(MFWQJX 8NWTNX *]JHZYN[J (MFNWRFS \FX FUUTNSYJI structured to work on the new SPACE platform, which is a FX (MNJK *]JHZYN[J 4KƯHJW FSI WJIJXNLSFYJI FXţ*]JHZYN[J MNLMQ^XHFQFGQJFSIưJ]NGQJRTGNQJHTSYJSYIJQN[JW^UQFYKTWR (MFNWRFS FSI (MNJK *]JHZYN[J 4KƯHJWŤ TK YMJ (TRUFS^ \JK This platform is currently used by several operators in Europe March 1, 2017 by the Board of Directors at their meeting and a new version of the platform is being developed. It will held on February 23, 2017. 33 Re-appointments SECRETARIAL AUDIT Pursuant to the provisions of Section 149 of Companies Act, The Board of Directors of the Company had appointed 7FON[0MFNYFS FSI 3FSH^ (WZNHPXMFSP \JWJ FUUTNSYJI Parameshwar G Hegde of Hegde & Hegde, Practicing as Independent Directors for a period of three years. The Company Secretaries to conduct the Secretarial Audit said period is coming to an end at the ensuing Annual pursuant to the provisions of Section 204 of the Companies ,JSJWFQ2JJYNSL &,2.YNXUWTUTXJIYTWJFUUTNSYYMJRFX &HY KTW YMJ ƯSFSHNFQ ^JFW JSIJI 2FWHM FSI Independent Directors of the Company for a further period the Secretarial Audit Report is appended as Annexure X. of three years at the forthcoming AGM. COMMENTS ON AUDITORS’ REPORT &X UJW YMJ UWT[NXNTSX TK (TRUFSNJX &HY +WFS«TNX 9MJWJ FWJ ST VZFQNƯHFYNTSX WJXJW[FYNTSX TW FI[JWXJ WJRFWPX Charles Sirois retires by rotation as Director at the ensuing or disclaimers made by Statutory Auditors of the Company &,2FSIGJNSLJQNLNGQJXJJPXWJFUUTNSYRJSY in the Audit Report and by the Secretarial Auditor in the Inductions 8JHWJYFWNFQ &ZINY 7JUTWY KTW YMJ ƯSFSHNFQ ^JFW JSIJI 2FWHM 31, 2017. Chris Arsenault was appointed as an Additional Director of YMJ (TRUFS^ G^ YMJ 'TFWI \JK 2F^ FSI MJ XMFQQ MCA Inspection MTQITKƯHJZSYNQYMJIFYJTKYMJJSXZNSL&,2 Inspection of books of accounts and other records of the It is proposed to appoint him as Independent Director (TRUFS^ ZSIJW 8JHYNTS WJFI \NYM 8JHYNTS \FX carried out by the Ministry of Corporate Affairs, Government pursuant to Section 149, 152 read with Schedule IV and all of India during the audit period and the company has other applicable provisions of the Companies Act, 2013 and WJHJN[JI F 5WJQNRNSFW^ +NSINSLX 5+ QJYYJW 3T 74('09 YMJ(TRUFSNJX &UUTNSYRJSYFSI6ZFQNƯHFYNTSTK)NWJHYTWX .385 IFYJI&UWNQ KWTRYMJ.SXUJHYNTS Rules, 2014 at the forthcoming AGM. TKƯHJW )JUZY^ 7JLNXYWFW TK (TRUFSNJX INWJHYNSL YMJ Resignations HTRUFS^ YT WJUQ^ YT HJWYFNS STSHTRUQNFSHJX TK UWT[NXNTSX TK(TRUFSNJX&HY STYNHJIIZWNSLYMJNSXUJHYNTS Rajiv Pancholy has resigned as Managing Director of the The Company vide letter dated May 12, 2017 furnished the Company and from the Board of Directors w.e.f February WJXUTSXJXYTYMJXFNI5+1JYYJW 23, 2017. He resigned from the position of Chief Executive 4KƯHJW\JK+JGWZFW^ DIRECTORS’ RESPONSIBILITY STATEMENT Pascal Tremblay resigned from the directorship of the Pursuant to Section 134(5) of the Companies Act, 2013, the (TRUFS^\JK2F^ INWJHYTWXYTYMJGJXYTKYMJNWPST\QJILJFSIGJQNJKHTSƯWRYMFY AUDITORS’ APPOINTMENT i. In the preparation of the annual accounts, the applicable accounting standards have been followed along with In terms of provisions of Section 139 of the Companies Act proper explanation relating to material departures. FSI YMJ WZQJX RFIJ YMJWJZSIJW 2X )JQTNYYJ -FXPNSX ii. They have selected such accounting policies and applied & Sells, the Statutory Auditors of the Company retire at the them consistently and made judgments and estimates conclusion of the 17th Annual General Meeting and having that are reasonable and prudent so as to give a true and HTRUQJYJI YMJNW YJWR FWJ STY JQNLNGQJ KTW WJFUUTNSYRJSY fair view of the state of affairs of the Company at the Therefore pursuant to the provisions of the said Act and JSITKYMJƯSFSHNFQ^JFWFSITKYMJUWTƯYFSIQTXXTKYMJ rules, the Board of Directors, on recommendation of the Company for that period. &ZINY (TRRNYYJJ MF[J WJHTRRJSIJI FUUTNSYRJSY TK 2X '87 (T 115 (MFWYJWJI &HHTZSYFSYX +NWR 7JLNXYWFYNTS NNN 9MJ^ MF[J YFPJS UWTUJW FSI XZKƯHNJSY HFWJ KTW the maintenance of adequate accounting records 3T << FX 8YFYZYTW^ &ZINYTWX TK YMJ in accordance with the provisions of the Act for (TRUFS^ NS UQFHJ TK 2X )JQTNYYJ -FXPNSX 8JQQX WJYNWNSL safeguarding the assets of the Company and for 8YFYZYTW^ &ZINYTWX YT MTQI TKƯHJ KWTR YMJ HTSHQZXNTS TK preventing and detecting fraud and other irregularities. this Annual General Meeting to the conclusion of the 22nd Annual General Meeting to be held in calendar year 2022 iv. They have prepared the annual accounts on a going XZGOJHY YT WFYNƯHFYNTS TK YMJNW FUUTNSYRJSY FY J[JW^ &SSZFQ concern basis. ,JSJWFQ 2JJYNSL TS YMJ WJRZSJWFYNTS YT GJ Ư]JI G^ YMJ [ .SYJWSFQƯSFSHNFQHTSYWTQXMF[JGJJSQFNIIT\SFSIYMJ^ Board of Directors in consultation with the Auditors from were adequate and operating effectively. time to time. vi. Proper systems to ensure compliance with the provisions 9MJ(TRUFS^MFXTGYFNSJIHTSXJSYFSIHJWYNƯHFYJKWTR2X of all applicable laws and such systems were adequate '87 (T 115 (MFWYJWJI &HHTZSYFSYX UZWXZFSY YT XJHYNTS and were operating effectively. 139 of the Companies Act 2013, to the effect that their FUUTNSYRJSY NK RFIJ \NQQ GJ \NYMNS YMJ QNRNYX Ư]JI FSI NS NUMBER OF MEETINGS OF THE BOARD accordance with the provisions of the Act and the rules made 9MJ 'TFWI RJY Ư[J YNRJX IZWNSL YMJ ƯSFSHNFQ ^JFW there under. [N_ 2F^ /ZQ^ 3T[JRGJW 34 February 9, 2017 and February 23, 2017. The maximum from the Directors and on evaluation of the relationships interval between any two meetings did not exceed 120 days. INXHQTXJI YMJ KTQQT\NSL 3TS*]JHZYN[J )NWJHYTWX FWJ NSIJUJSIJSYNSYJWRXTKYMJFKTWJXFNI1NXYNSL7JLZQFYNTSXFSI COMMITTEES OF THE BOARD 8JHYNTS TKYMJ(TRUFSNJX&HY &XTS2FWHM YMJ'TFWIMFIƯ[J(TRRNYYJJX F 7FON[0MFNYFS 1. Audit Committee b) Nancy Cruickshank 2. Nomination and Compensation Committee c) Sanjay Baweja 3. Stakeholders Relationship Committee d) Nehchal Sandhu * 4. Corporate Social Responsibility Committee e) Pascal Tremblay # 5. Risk Management Committee f) Chris Arsenault * Details of all the Committees along with their charters, 7JXNLSJIKWTRYMJ'TFWI\JK2F^ composition and meetings held during the year, are provided # Appointed as Additional Director by the Board w.e.f. in the “Report on Corporate Governance” as part of this 2F^ FSI FUUWT[FQ TK YMJ XMFWJMTQIJWX KTW Annual Report. appointment as Independent Director is being sought at the forthcoming Annual General Meeting. BOARD INDEPENDENCE The Company has received necessary declaration from each COMPANY’S POLICY ON DIRECTORS’ Independent Director of the Company under Section 149(7) APPOINTMENT AND REMUNERATION of the Companies Act, 2013 that the Independent Directors of the Company meet the criteria of independence laid The Nomination and Remuneration Policy of the Company IT\S NS 8JHYNTS 4ZW IJƯSNYNTS TKţ.SIJUJSIJSHJŤ TK on Directors’ appointment and remuneration including )NWJHYTWX NX IJWN[JI KWTR 7JLZQFYNTS G TK 8*'. 1NXYNSL HWNYJWNF KTW IJYJWRNSNSL VZFQNƯHFYNTSX UTXNYN[J FYYWNGZYJX Obligations and Disclosure Requirements) Regulations, 2015 independence of a Director and other matters provided ţ1NXYNSL 7JLZQFYNTSXŤ FSI 8JHYNTS TK YMJ (TRUFSNJX ZSIJW 8ZGXJHYNTS TK 8JHYNTS NX FUUJSIJI FX &HY 'FXJI TS YMJ HTSƯWRFYNTSINXHQTXZWJX WJHJN[JI Annexure II to this Report. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 9MJIJYFNQXTKYMJQTFSXFSILZFWFSYJJXLN[JSFSIYMJNS[JXYRJSYXRFIJUZWXZFSYYT8JHYNTS TKYMJ(TRUFSNJX&HY FWJLN[JSGJQT\ Sl. Name of the entity Relation Amount Particulars of loans, Purpose for which the loan, No ` guarantees and guarantee and investment are (in Million) investments proposed to be utilised 1. OnMobile Global for Telecommunication Services, Egypt Subsidiary 0.3 Investment in share capital Working capital 2. 4S2TGNQJ:8&11( Subsidiary 1TFSXUWT[NIJI Working capital of its subsidiary 3. 4S2TGNQJ:8&11( Subsidiary 81.13 1TFSXUWT[NIJI Working capital of its subsidiary 4. 4S2TGNQJ:8&11( Subsidiary 33.32 1TFSXUWT[NIJI Working capital of its subsidiary PARTICULARS OF CONTRACTS OR and conserve energy by using improved technology in its ARRANGEMENTS WITH RELATED PARTIES infrastructure such as lightings and paper usage. REFERRED TO IN SECTION 188(1) FOREIGN EXCHANGE EARNINGS AND OUTGO The particulars of contracts or arrangements with related (In ` Million) parties referred to in Section 188(1), as prescribed in Form Year ended &4(TKYMJWZQJXUWJXHWNGJIZSIJW(MFUYJW.=WJQFYNSLYT Description Accounts of Companies under the Companies Act, 2013, is March 31, 2017 March 31, 2016 appended in Annexure III to this report. Foreign exchange earnings 1,831.34 2,138.68 CONSERVATION OF ENERGY AND Foreign exchange outgo 883.36 980.47 TECHNOLOGY ABSORPTION SIGNIFICANT & MATERIAL ORDERS PASSED The Company, being a service provider organization, most BY THE REGULATORS of the information as required under Section 134(3)(m) read with Companies (Accounts) Rules, 2014 is not applicable. 9MJWJ FWJ ST XNLSNƯHFSY FSI RFYJWNFQ TWIJWX UFXXJI G^ YMJ However, the Company endeavors to effectively utilize regulators or courts or tribunals impacting the going concern 35 status and Company’s operations in future. Details of pending NS FQNLSRJSY \NYMţ,ZNIFSHJ 3TYJ TS 'TFWI *[FQZFYNTSŤ QNYNLFYNTSX FSI YF] RFYYJWX FWJ INXHQTXJI NS YMJ ƯSFSHNFQ issued by Securities and Exchange Board of India. A survey statements. questionnaire had been circulated to all the Board members with set of questions to assess the performance under each DIVIDEND DISTRIBUTION POLICY TKYMJKTQQT\NSLHFYJLTWNJX &X UJW 7JLZQFYNTS & TK YMJ 8*'. 1NXYNSL 4GQNLFYNTSX FSI 1. Board as a whole Disclosure Requirements) Regulations, 2015 the top 500 2. Committees of the Board listed companies shall formulate a dividend distribution policy. Accordingly, the policy was adopted by the Board vide 3. Individual Directors and Chairperson resolution dated March 22, 2017 to set out the parameters and circumstances that will be taken into account by the The Board reviewed and analyzed the responses to the Board in determining the distribution of dividend to its questionnaire and accordingly completed the Board shareholders. The policy is enclosed as Annexure IV to the J[FQZFYNTSUWTHJXXKTWYMJƯSFSHNFQ^JFW Board’s report and is also available on the Company’s website EXTRACT OF ANNUAL RETURN FYYMJGJQT\QNSP As required pursuant to section 92(3) of the Companies Act, MYYU \\\TSRTGNQJHTRXNYJXIJKFZQYKNQJXHLDUTQNH^ 2013 and Rule 12(1) of the Companies (Management and )N[NIJSID)NXYWNGZYNTSD5TQNH^UIK Administration) Rules, 2014, an extract of annual return in RISK MANAGEMENT POLICY MGT 9 is enclosed as Annexure VI to this report. The Board of Directors at their meeting held on October PARTICULARS OF EMPLOYEES 30, 2014 constituted a Risk Management Committee. The The table containing the names and other particulars of Company has formulated a risk management policy to employees in accordance with the provisions of Section facilitate setting up a framework for risk assessment and 197(12) of the Companies Act, 2013, read with Rule 5(1) minimization procedures. A copy of the risk management of the Companies (Appointment and Remuneration of policy is appended in this report as Annexure V and is placed Managerial Personnel) Rules, 2014 is appended as Annexure TSYMJ\JGXNYJTKYMJ(TRUFS^FYYMJGJQT\QNSP VII (A) to the Directors report MYYU \\\TSRTGNQJHTRXNYJXIJKFZQYƯQJXHLDUTQNH^7NXPD A statement showing details of every employee employed 2FSFLJRJSYD5TQNH^UIK YMWTZLMTZY YMJ ƯSFSHNFQ ^JFW FSI NS WJHJNUY TK WJRZSJWFYNTS ` VIGIL MECHANISM of 1.02 crore or more per annum or employed for part of the year and in receipt of ` 8.5 lakh or more per month under The Company has established a Whistle Blower Policy for Rule 5(2) of the Companies (Appointment and Remuneration Directors and employees to report their genuine concern. of Managerial Personnel) Rules, 2014, is enclosed as The details of the same are explained in the Corporate Annexure VII (B) to Directors report. Governance Report. FIXED DEPOSITS DISCLOSURE AS REQUIRED UNDER SECTION 22 OF SEXUAL HARRASMENT OF WOMEN AT 9MJ (TRUFS^ MFX STY FHHJUYJI Ư]JI IJUTXNYX IZWNSL YMJ year under review falling within the purview of Section 73 of WORKPLACE (PREVENTION, PROHIBITION the Companies Act, 2013 and the Rules thereunder. AND REDRESSAL) ACT, 2013 EMPLOYEE STOCK OPTION SCHEMES The Company is in compliance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition 5ZWXZFSYYTYMJUWT[NXNTSXTK8JHYNTS GWJFI\NYM7ZQJ & Redressal) Act, 2013 and Rules made thereunder. No 12(9) of the Companies (Share Capital and Debentures) complaints requiring any enquiry or action under the said Act Rules, 2014, the Company approved following Employee and Rules have been received during the year under review. 8YTHP 4UYNTS 8HMJRJX NJ *RUQT^JJ 8YTHP 4UYNTS 5QFS. *RUQT^JJ 8YTHP 4UYNTS 5QFS.. *RUQT^JJ EVALUATION OF PERFORMANCE OF BOARD/ 8YTHP 4UYNTS 5QFS... *RUQT^JJ 8YTHP 4UYNTS 5QFS. COMMITTEES/INDIVIDUAL DIRECTORS AND *RUQT^JJ8YTHP4UYNTS5QFS.. *RUQT^JJ8YTHP CHAIRPERSON 4UYNTS 5QFS... *RUQT^JJ 8YTHP 4UYNTS 5QFS.; *RUQT^JJ8YTHP4UYNTS5QFS.*RUQT^JJ8YTHP4UYNTS Pursuant to the provisions of the Companies Act, 2013 and 5QFS.. *RUQT^JJ8YTHP4UYNTS5QFS.*RUQT^JJ 8*'. 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 7JVZNWJRJSYX Stock Option Plan I, 2012 and Employee Stock Option Plan I, Regulations, 2015 the Board has carried out an annual 2013 for granting stock options to its employees. evaluation of performance of Board as a whole, Committees of the Board and Individual Directors and Chairperson. All the schemes endeavor to provide incentives and retain employees who contribute to the growth of the Company. &S J]YJWSFQ J]UJWYţ4UYNRZR 9FQJSYŤ MFI GJJS JSLFLJI A summary disclosure in compliance with Companies (Share to complete the evaluation process. Nomination and Capital and Debentures) Rules, 2014 and Securities and Compensation Committee in consultation with the external *]HMFSLJ 'TFWI TK .SINF 8MFWJ 'FXJI *RUQT^JJ 'JSJƯYX expert formulated criteria for evaluation of performance Regulation, 2014, forms part of this report as Annexure IX and the complete details have been disclosed under Notes departments, the Ministry of Commerce, the Department YT YMJ ƯSFSHNFQ XYFYJRJSYX \MNHM KTWR UFWY TK YMJ &SSZFQ of Telecommunications, the Reserve Bank of India, Ministry Report. During the year under review, there has been no of Corporate Affairs, Securities and Exchange Board of India, variation in the terms of ESOP schemes. '8* 1NRNYJI 3FYNTSFQ 8YTHP *]HMFSLJ TK .SINF 1YI 3FYNTSFQ 8JHZWNYNJX )JUTXNYTW^ 1NRNYJI FSI (JSYWFQ )JUTXNYTW^ ACKNOWLEDGMENTS 8JW[NHJX .SINF1NRNYJIFSIQTTPKTW\FWIYTYMJNWXZUUTWYNS The Board of Directors takes this opportunity to express all future endeavors. their appreciation to the customers, shareholders, investors, vendors and bankers who have supported the Company during the year. The Directors place on record For and on behalf of the Board of Directors their appreciation to the OnMobilians at all levels for their contribution to the Company. The Directors would like François-Charles Sirois YT RFPJ F XUJHNFQ RJSYNTS TK YMJ XZUUTWYHTTUJWFYNTS Executive Chairman and CEO extended by the various departments of the Government of India, particularly the Special Economic Zone, the Service 5QFHJ 1TSITS Tax and Income Tax Departments, the Customs and Excise )FYJ 2F^ 37 Annexures to the Board’s Report Annexure I 8YFYJRJSYHTSYFNSNSLYMJXFQNJSYKJFYZWJXTKYMJƯSFSHNFQXYFYJRJSYXTKXZGXNINFWNJX associate companies/joint ventures FORM AOC-1 8YFYJRJSYUZWXZFSYYTƯWXYUWT[NXTYTXZGXJHYNTS TKXJHYNTS TKYMJ(TRUFSNJX&HYWJFI\NYMWZQJTK(TRUFSNJX (Accounts) Rules, 2014 in the prescribed Form AOC-1 relating to subsidiary companies Part “A”: Subsidiaries Amt in INR Millions Total Liabilities Reporting (Excl 5WTƯY 5WTƯY Currency & Provi- Share Reserves Total Share (Loss) (Loss) % of Exchange Turnover Invest- sion for Entity Name Capital & Surplus Assets Capital & before after Share- Rate as on (1) ments taxation (2) (2) (2) Reserves taxation taxation holding 31st March (1) and (1) (1) 2017 Surplus) (2) 1 SGD 4S2TGNQJ8NSLFUTWJ5YJ1YI = INR 208.14 88.21 411.82 105.77 1.77 1.77 100% 1 IDR PT OnMobile Indonesia = INR 4.41 (2.44) 3.29 0.22 (7.78) 100% 0.005 2=3 Servicios De Telefonia = INR (113.42) 75.73 182.83 109.07 100% OnMobile Sa De Cv 3.457 OnMobile Brasil Sistemas De '71 Valor Agregado = INR 223.48 354.94 192.42 14.44 (20.07) 100% Para Comunicacoes Moveis 1YIF 1 EGP OnMobile Global for = INR 0.18 213.17 281.19 175.45 (45.01) (41.95) 100% Telecommunication Services =4+ OnMobile Telecom Burkina = INR 0.10 (20.90) 23.20 44.00 10.41 (1.42) (1.42) 100% +FXT8&71 0.105 OnMobile Turkey 1 TRY Telekomunikasyon Sistemleri = INR 0.18 (32.41) 41.10 100% 1NRNYJIċNWPJYN (?0 OnMobile Global Czech = INR 0.51 (14.89) (1.42) 0.10 (1.52) 100% Republic S.R.O :8) 4S2TGNQJ1N[J.SH = INR 249.54 231.02 (289.31) (289.31) 100% 1 GBP Fonestarz Media Group = INR 0.00 59.50 247.11 492.00 (29.05) (0.94) (28.11) 100% 1NRNYJI 80.914 0*8 4S2TGNQJ0JS^F9JQJHTR = INR 39.21 (42.51) 84.58 87.89 38.55 1.07 0.05 1.01 100% 1NRNYJI 2<0 4S2TGNQJ9JQJHTR1NRNYJI = INR 0.51 19.98 28.02 9.30 (0.22) 1.80 (2.02) 100% 0.089 =4+ 4S2TGNQJ2FQN8&71 = INR 15.22 (0.35) (0.35) 100% 0.105 =4+ 4S2TGNQJ8JSJLFQ8&71 = INR (14.07) 100% 0.105 38 Part “A”: Subsidiaries Amt in INR Millions Entity Name Reporting Share Reserves Total Total Turnover Invest- 5WTƯY Provi- 5WTƯY % of Currency & Capital & Surplus Assets Liabilities (1) ments (Loss) sion for (Loss) Share- Exchange (2) (2) (2) (Excl before taxation after holding Rate as on Share taxation (1) taxation 31st March Capital & (1) (1) 2017 Reserves and Surplus) (2) OnMobile Servicios 2=3 Corporativos De Telefonia = INR 3.87 7.59 3.72 34.54 2.41 1.00 1.42 100% S.A. DE C.V. 3.457 1 CRC OnMobile Costa Rica OBCR, = INR 3.14 10.71 28.71 1.84 0.57 1.28 100% S.A. 1 GHS OnMobile Ghana Telecom = INR 1.48 3.17 (3.01) 1.00 (4.02) 100% 1NRNYJI 14.59 OnMobile Madagascar 1 MGA 0.89 (5.03) 8.21 1.48 (0.21) 0.04 (0.25) 100% 9JQJHTR1NRNYJI = INR 0.02 1 NGN OnMobile Nigeria Telecom = INR 0.51 (23.03) 137.02 159.54 (19.03) 100% 1NRNYJI 1 RWF OnMobile Rwanda Telecom = INR 0.04 (12.23) 9.28 21.48 4.39 (1.99) 100% 1NRNYJI 0.079 :,= 4S2TGNQJ:LFSIF1NRNYJI = INR 11.54 (27.47) 19.10 35.03 21.89 0.44 9.90 100% 0.018 ?20 OnMobile Zambia Telecom = INR 5.47 30.22 33.51 20.82 3.02 0.24 2.79 100% 1NRNYJI 0.007 811 OnMobile Telecom Sierra = INR 0.58 7.20 17.29 2.38 0.02 (5.99) 100% 1JTSJ1NRNYJI 0.009 :>: 4S2TGNQJ:WZLZF^8& 5.49 10.25 13.79 1.82 1.15 100% = INR 2.31 1 CAD OnMobile Global Solutions = INR 0.49 2.85 19.72 29.39 1.40 0.03 1.38 100% (FSFIF1NRNYJI 48.595 1 ARS OnMobile Global SA 9.19 172.88 75.91 24.18 15.53 100% = INR 4.21 OnMobile Portugal SGPS, *:7 :SNUJXXTFQ1)& ?TSF+WFSHF = INR (4.74) 0.13 4.17 (0.21) (0.21) 100% Da Madeira) *:7 OnMobile Europe B.V. = INR 485.04 0.42 5.99 100% *:7 OnMobile S.A. (erstwhile = INR 219.27 43.52 142.32 100% Telisma S.A.) :8) 4S2TGNQJ:8&11( = INR 130.35 1,902.40 1,815.11 254.31 30.51 0.00 30.51 100% :8)" OnMobile De Venezuela C.A. (255.95) 4.72 (7.51) (7.51) 100% .37 1 BDT OnMobile Bangladesh Private = INR 5.82 189.85 237.10 193.25 100% 1NRNYJI 0.808 *:7" 4S2TGNQJ,QTGFQ8UFNS81 355.25 995.93 170.53 42.58 127.94 100% .37 39 Part “A”: Subsidiaries Amt in INR Millions Entity Name Reporting Share Reserves Total Total Turnover Invest- 5WTƯY Provi- 5WTƯY % of Currency & Capital & Surplus Assets Liabilities (1) ments (Loss) sion for (Loss) Share- Exchange (2) (2) (2) (Excl before taxation after holding Rate as on Share taxation (1) taxation 31st March Capital & (1) (1) 2017 Reserves and Surplus) (2) *:7 4S2TGNQJ,QTGFQ.YFQ^871 = INR (2.15) 0.17 (1.15) (1.15) 100% 1 TZS OnMobile Tanzania Telecom = INR 2.00 (1.49) (2.10) 100% 1NRNYJI 0.029 *:7 4S2TGNQJ1FYFRMTQINSL81 = INR (0.21) 0.48 (0.01) (0.01) 100% 1 ZAR OnMobile Global South Africa = INR 0.00 (2.00) 58.07 37.50 (0.04) 5.00 100% 59>19) 1 COP 4S2TGNQJ,QTGFQ1NRNYJI = INR 12.51 (31.12) 13.03 7.48 100% Colombia S.A.S 0.023 Note (1) Converted at monthly average exchange rates (2) Converted based on the exchange rates as on March 31, 2017 (3) Total Dividend from the subsidiaries was INR 237.08 Million during the year (4) Investments exclude investments in subsidiaries (5) 9MJKTQQT\NSLHTRUFSNJXFWJ^JYYTHTRRJSHJTUJWFYNTS F 4S2TGNQJ,QTGFQ.YFQ^871 G 4S2TGNQJ1FYFRMTQINSL81 >[JƯSFSHNFQXFWJUWJUFWJIFXUJWYMJ,JSJWFQQ^&HHJUYJI&HHTZSYNSL5WNSHNUQJX ,&&5TKYMJWJXUJHYN[JHTZSYWNJX (7) The reporting period for all the subsidiaries was March 31, 2017 40 Part “B”: Associates and Joint Ventures Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint Ventures Name of Associates Mobile Voice Konnect Private Limited 1FYJXYFZINYJI'FQFSHJ8MJJY)FYJ 31st March 2017 8MFWJXTK&XXTHNFYJ/TNSY;JSYZWJXMJQIG^YMJHTRUFS^TSYMJ^JFWJSI No. 5,000 &RTZSYTK.S[JXYRJSYNS&XXTHNFYJX/TNSY;JSYZWJ INR 50,000 Extend of Holding % 50% )JXHWNUYNTSTKMT\YMJWJNXXNLSNƯHFSYNSưZJSHJ Shareholding greater than 20% 7JFXTS\M^YMJFXXTHNFYJOTNSY[JSYZWJNXSTYHTSXTQNIFYJI Not Applicable 5. Networth attributable to Shareholding as per latest audited Balance Sheet Nil 5WTƯY 1TXXKTWYMJ^JFW .37 i. Considered in Consolidation .37 ii. Not Considered in Consolidation Note:9MJHTRUFS^MFIST/TNSY;JSYZWJXIZWNSLYMJ+> 41 Annexure II Nomination & Remuneration Policy 1. Introduction 4. Role of Committee 9MJ 'TFWI TK )NWJHYTWX TK 4S2TGNQJ ,QTGFQ 1NRNYJI ŦYMJ 4.1 Matters to be dealt with, perused and (TRUFS^ŧ WJSFRJI FSI WJHTSXYNYZYJI YMJţ(TRUJSXFYNTS recommended to the Board by the committee’ to “Nomination and Compensation Committee” Nomination and Compensation Committee w.e.f May 22, 2014. The main purpose of the Nomination 9MJ(TRRNYYJJXMFQQ and Compensation Committee is to evaluate and approve the compensation plans, policies and programmes of N +TWRZQFYJ YMJ HWNYJWNF KTW IJYJWRNSNSL VZFQNƯHFYNTSX the executive directors and senior management and to positive attributes and independence of a director. administer various stock option plans of our Company. NN .IJSYNK^ UJWXTSX \MT FWJ VZFQNƯJI YT GJHTRJ )NWJHYTW 2. Objective FSI UJWXTSX \MT RF^ GJ FUUTNSYJI NS0J^ 2FSFLJWNFQ and Senior Management positions in accordance with The Nomination and Compensation Committee and the criteria laid down in this policy. this Policy shall be in compliance with Section 178 of iii. Recommend to the Board, appointment and removal of the Companies Act, 2013 read along with the applicable )NWJHYTW0J^ 2FSFLJWNFQ 5JWXTSSJQ 025 FSI 8JSNTW WZQJX YMJWJYT FSI 8*'. 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ Management Personnel. Requirements) Regulations, 2015. The key objectives of the (TRRNYYJJ\TZQIGJ 4.2 Policy for appointment and removal of Director, KMP and Senior Management i. To guide the Board in relation to appointment and WJRT[FQ TK )NWJHYTWX0J^ 2FSFLJWNFQ 5JWXTSSJQ FSI N &UUTNSYRJSYHWNYJWNFFSIVZFQNƯHFYNTSX Senior Management. a) The Committee shall identify and ascertain the ii. To evaluate the performance of the members of the NSYJLWNY^VZFQNƯHFYNTSJ]UJWYNXJFSIJ]UJWNJSHJTK Board and provide necessary report to the Board for YMJUJWXTSKTWFUUTNSYRJSYFX)NWJHYTW025TWFY further evaluation by the Board. Senior Management level and recommend to the iii. To recommend to the Board on remuneration payable 'TFWIMNXMJWFUUTNSYRJSY YT YMJ )NWJHYTWX0J^ 2FSFLJWNFQ 5JWXTSSJQ FSI 8JSNTW G& UJWXTS XMTZQI UTXXJXX FIJVZFYJ VZFQNƯHFYNTS Management. J]UJWYNXJ FSI J]UJWNJSHJ KTW YMJ UTXNYNTS MJXMJ is considered for appointment. The Committee N[ 9T UWT[NIJ YT0J^ 2FSFLJWNFQ 5JWXTSSJQ FSI 8JSNTW MFX INXHWJYNTS YT IJHNIJ \MJYMJW VZFQNƯHFYNTS Management rewards linked directly to their effort, expertise and experience possessed by a person is performance and achievement relating to the XZKƯHNJSYXFYNXKFHYTW^KTWYMJHTSHJWSJIUTXNYNTS Company’s operations. c) The Company shall not appoint or continue v. To retain, motivate and promote talent and to ensure YMJ JRUQT^RJSY TK FS^ UJWXTS FX 42 KTW WJFUUTNSYRJSY TS UFXXNSL TK F XUJHNFQ Compensation Committee and recommended resolution by the Company and disclosure of to the Board for approval. The remuneration such appointment in the Board’s report. HTRUJSXFYNTSHTRRNXXNTS JYH XMFQQ GJ Š3T .SIJUJSIJSY )NWJHYTW XMFQQ MTQI TKƯHJ KTW XZGOJHY YT YMJ UWNTWUTXY FUUWT[FQ TK YMJ more than two consecutive terms, but such shareholders of the Company and Central Independent Director shall be eligible for Government, wherever required. appointment after expiry of three years of b) The remuneration and commission to be ceasing to become an Independent Director. UFNI YT YMJ 43 directly or indirectly by way of remuneration However, the Company in general meeting may, with the any such sums in excess of the limits approval of the Central Government, authorise the payment prescribed under the Act or without the TK WJRZSJWFYNTS J]HJJINSL TK YMJ SJY UWTƯYX TK YMJ prior sanction of the Central Government, company, subject to the provisions of Schedule V. \MJWJ WJVZNWJI MJXMJ XMFQQ WJKZSI XZHM sums to the Company and until such sum is 5. Charter of the Nomination and refunded, hold it in trust for the Company. Compensation Committee: The Company shall not waive recovery of such 5.1 Composition: sum refundable to it unless permitted by the Central Government. 9MWJJ TW RTWJ STSJ]JHZYN[J INWJHYTWX TZY TK iii. Remuneration to Non- Executive / \MNHM STY QJXX YMFS TSJMFQK XMFQQ GJ NSIJUJSIJSY Independent Director: directors. Chairperson of the Company (whether executive or a) Remuneration / Commission: STSJ]JHZYN[J RF^ GJ FUUTNSYJI FX F RJRGJW TK 9MJWJRZSJWFYNTSHTRRNXXNTSXMFQQGJƯ]JI the Nomination and Compensation Committee but as per the slabs and conditions mentioned in shall not chair the Committee. the Articles of Association of the Company 5.2 Meetings: and the Act. The Committee will meet periodically as necessary b) Sitting Fees: to act upon any matter within its jurisdiction. All Committee members are expected to attend each 9MJ 3TS *]JHZYN[J.SIJUJSIJSY )NWJHYTW RJJYNSLNSUJWXTSTW[NFYJQJTW[NIJTHTSKJWJSHJ may receive remuneration by way of fees for A majority of the Committee will comprise attending meetings of Board or Committee a quorum when all Committee members are thereof. Currently, the maximum amount unable to attend a meeting. The Committee may prescribed by the Central Government WJVZJXY YMFY TYMJW 'TFWI RJRGJWX TW TKƯHJWX is `100,000 per meeting of the Board or or other employees of the company, or any other Committee thereof. persons whose advice and counsel are sought by c) Commission: the Committee, to attend any meeting of the Committee to provide pertinent information. Commission may be paid within the monetary Periodically, the Committee may meet in executive limit approved by shareholders, subject to the session separately without management and with QNRNY STY J]HJJINSL TK YMJ UWTƯYX TK YMJ its chosen independent consultants. Minutes will Company computed as per the applicable be kept of each meeting of the Committee. provisions of the Act. 5.3 Authority: d) Stock Options: 9MJ(TRRNYYJJ\NQQMF[JYMJFZYMTWNY^ An Independent Director shall not be entitled 9T WJYFNS XJFWHM ƯWRX YT GJ ZXJI YT NIJSYNK^ to any stock option of the Company. appropriate director candidates or to retain other Notes: advisers, as deemed necessary and appropriate, to The total managerial remuneration payable by a public discharge the Committees duties and obligations. company to its directors, including managing director and 2. To approve appropriate compensation at the \MTQJ YNRJ INWJHYTW NS WJXUJHY TK FS^ ƯSFSHNFQ ^JFW XMFQQ STY HTRUFS^ŤX J]UJSXJ KTW FS^ XJFWHM ƯWRX TW TYMJW J]HJJI TKYMJSJYUWTƯYXTKYMJHTRUFS^&S^UF^RJSY advisors engaged by the Committee for the exceeding 11% would require Central Government approval. purpose of carrying out its duties, and ordinary 9MJ WJRZSJWFYNTS UF^FGQJ YT FS^ TSJ RFSFLNSL INWJHYTW TW administrative expense of the Committee. \MTQJ YNRJ INWJHYTW XMFQQ STY J]HJJI TK YMJ SJY UWTƯYX 5.4 Terms of Reference: of the company and if there is more than one such director 1. Committee shall identify persons who are WJRZSJWFYNTS XMFQQ STY J]HJJI TK YMJ SJY UWTƯYX YT FQQ VZFQNƯJI YT GJHTRJ INWJHYTWX FSI \MT such directors taken together. Any payment exceeding the may be appointed in senior management said 5% or 10% limits would require the approval of the in accordance with the criteria laid down, shareholders. recommend to the Board their appointment 9MJ WJRZSJWFYNTS UF^FGQJ YT FQQ YMJ STSJ]JHZYN[J INWJHYTWX and removal and shall carry out evaluation of XMFQQ STY J]HJJI TK YMJ SJY UWTƯYX TK YMJ (TRUFS^ every director’s performance. if there is a managing or whole time Director. As there is 2. The Committee will make recommendations a Managing Director and an Executive Chairman in the to the Board regarding the size and (TRUFS^ YMJ FUUQNHFGQJ QNRNY NX TK YMJ SJY UWTƯY &S^ composition of the Board and develop payment exceeding 1%, would require the approval of the and recommend to the Board the Criteria shareholders subject to the overall limit of 11%. (such as independence, experience relevant 44 to the needs of the company, leadership 8. Framing suitable policies and systems to qualities, diversity and ability to represent ensure that there is no violation, by an the shareholders) for the selection of the employee or Company of any applicable laws individuals to be considered as candidates for NS.SINFTWT[JWXJFXNSHQZINSL election to the Board. ͻ The Securities and Exchange Board of 3. The Committee will establish, monitor and India (Prohibition of Insider Trading) recommend the purpose, structure and 7JLZQFYNTSX TW operations of the various Committees of ͻ The Securities and Exchange Board of YMJ 'TFWI FSI VZFQNƯHFYNTSX FSI HWNYJWNF India (Prohibition of Fraudulent and on membership on each Committee of the :SKFNW 9WFIJ 5WFHYNHJX WJQFYNSL YT YMJ Board, and, as circumstances dictate, make Securities market) Regulations, 2003. any recommendations regarding periodic rotation of directors among the Committees. 9. Administer the implementation and award of stock options under the stock option plans of 4. Committee shall formulate the criteria the Company. KTW IJYJWRNSNSL VZFQNƯHFYNTSX UTXNYN[J attributes and independence of a director 10. Perform such functions as are required to be and recommend to the Board a policy, relating performed by the Compensation Committee to the remuneration for the directors, key under Clause 5 of the Securities and Exchange managerial personnel and other employees Board of India (Share Based Employee WJKJWWJI FXţ3TRNSFYNTS FSI 7JRZSJWFYNTS 'JSJƯYX7JLZQFYNTSX Policy’). 11. Recommend to the Board of Directors of 5. Committee shall, while formulating the the Company on any other employment ţ3TRNSFYNTS FSI 7JRZSJWFYNTS 5TQNH^ JSXZWJ incentives as the committee deems it that— appropriate in the best interests of the Company. a) the level and composition of WJRZSJWFYNTSNXWJFXTSFGQJFSIXZKƯHNJSY (MFNWUJWXTS TK YMJ (TRRNYYJJ TW NS MNXMJW to attract, retain and motivate directors absence, any other member of the committee of the quality required to run the FZYMTWN_JI G^ MNRMJW NS YMNX GJMFQK XMFQQ HTRUFS^XZHHJXXKZQQ^ attend the general meetings of the Company. b) relationship of remuneration to 13. The Committee will also undertake such performance is clear and meets additional activities as the Committee may FUUWTUWNFYJ UJWKTWRFSHJ GJSHMRFWPX from time to time determine or as may and otherwise be required by law, the company’s articles of association, or directive of the c) remuneration to directors, key Board. managerial personnel and senior management involves a balance between 14. The Committee will make regular reports Ư]JI FSI NSHJSYN[J UF^ WJưJHYNSL XMTWY to the Board and will recommend any FSI QTSLYJWR UJWKTWRFSHJ TGOJHYN[JX proposed actions to the Board for approval appropriate to the working of the as necessary. The Committee will review company and its goals. and reassess the adequacy of these terms of reference at least annually and recommend d) Nomination and remuneration policy any proposed changes to the Board for shall be disclosed in the Board’s report. approval. &SSZFQ WJ[NJ\ TK YMJ XFQFW^ GTSZX FSI TYMJW 15. The Committee will at least annually evaluate compensation plans of the CEO, CFO and its own performance to determine whether it Senior Management team of the Company. is functioning effectively. 7. Review and approve the salary, bonus and This Policy is placed on the website of the Company at compensation plans for all the executive www.onmobile.com. directors of the Company. 45 Annexure III Particulars of contracts/arrangements made with related parties FORM AOC-2 5ZWXZFSYYTHQFZXJ MTKXZGXJHYNTS TKXJHYNTSTKYMJ(TRUFSNJX&HYFSI7ZQJ TKYMJ(TRUFSNJX &HHTZSYX 7ZQJX&4( 1. Details of contracts or arrangements or transactions not at arm’s length basis There were no contracts or arrangements or transactions entered in the year ended March 31, 2017 which were not at arm’s length basis. 2. Details of material contracts or arrangement or transactions at arm’s length basis The details of material contracts or arrangements or transactions at arm’s length basis for the year ended March 31, 2017 are as given in the table below Salient terms of Nature of contracts/ the contracts or Amount Sl Name of the related party Duration of the contracts/ Date(s) of approval arrangements/ arrangements or paid as No and nature of relationship arrangements/transactions by the Board transactions transactions including advances the value, if any (a) (b) (c) (d) (e) (f) 1 OnMobile Singapore Pte. Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 1YI Subsidiary 2 OnMobile Global for Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil Telecommunication Subsidiary Services 3 OnMobile Nigeria Telecom Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 1NRNYJI Subsidiary 4 OnMobile Global South Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil &KWNHF 59>1NRNYJI Subsidiary 5 OnMobile Ghana Telecom Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 1NRNYJI Subsidiary 4S2TGNQJ9JQJHTR 81 Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 1NRNYJI Subsidiary 7 OnMobile Rwanda Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 9JQJHTR1NRNYJI Subsidiary 8 4S2TGNQJ:WZLZF^8& Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil Subsidiary 9 OnMobile Telecom Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 1NRNYJI Subsidiary 10 OnMobile Costa Rica Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil OBCR SA Subsidiary 11 OnMobile Zambia Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 9JQJHTR1NRNYJI Subsidiary 12 OnMobile Global Spain Transfer Pricing with &UWNQYT2FWHM Transfer Pricing revenue At quarterly meetings Nil 81 Subsidiary 13 4S2TGNQJ:8&11( Transfer Pricing with &UWNQYT2FWHM Yield Support Cost At quarterly meetings Nil Subsidiary 14 4S2TGNQJ0JS^F9JQJHTR Transfer Pricing with &UWNQYT2FWHM Yield Support Cost At quarterly meetings Nil 1NRNYJI Subsidiary 15 OnMobile Global Solutions Transfer Pricing with &UWNQYT2FWHM Yield Support Cost At quarterly meetings Nil (FSFIF1NRNYJI Subsidiary OnMobile Brasil Sistemas Allocation of Corporate &UWNQYT2FWHM Corporate cost cross At quarterly meetings Nil de Valor Agregado Para Costs charged Comunicacoes Moveis 1YIF 17 OnMobile Singapore Pte. Allocation of Corporate &UWNQYT2FWHM Corporate cost cross At quarterly meetings Nil 1YI Costs charged Salient terms of Nature of contracts/ the contracts or Amount Sl Name of the related party Duration of the contracts/ Date(s) of approval arrangements/ arrangements or paid as No and nature of relationship arrangements/transactions by the Board transactions transactions including advances the value, if any (a) (b) (c) (d) (e) (f) 18 OnMobile Global Spain Allocation of Corporate &UWNQYT2FWHM Corporate cost cross At quarterly meetings Nil 81: Costs charged 19 OnMobile Costa Rica Allocation of Corporate &UWNQYT2FWHM Corporate cost cross At quarterly meetings Nil OBCR, SA Costs charged 20 4S2TGNQJ:8&11( Transfer Pricing with &UWNQYT2FWHM Data centre costs cross At quarterly meetings Nil Subsidiary charged. 21 OnMobile Rwanda &XUJW1TFS&LWJJRJSY &UWNQYT2FWHM .SYJWJXYTS1TFSYT At quarterly meetings Nil 9JQJHTR1NRNYJI Subsidiary 22 Onmobile Turkey &XUJW1TFS&LWJJRJSY &UWNQYT2FWHM .SYJWJXYTS1TFSYT At quarterly meetings Nil Telekomunikasyon Subsidiary 8NXYJRQJWN1NRNYJIċNWPJYN 23 4S2TGNQJ:8&11( &XUJW1TFS&LWJJRJSY &UWNQYT2FWHM .SYJWJXYTS1TFSYT At quarterly meetings Nil Subsidiary 24 OnMobile Portugal SGPS &XUJW1TFS&LWJJRJSY &UWNQYT2FWHM .SYJWJXYTS1TFSYT At quarterly meetings Nil Subsidiary 25 OnMobile Global Czech &XUJW1TFS&LWJJRJSY &UWNQYT2FWHM .SYJWJXYTS1TFSYT At quarterly meetings Nil Republic s.r.o. Subsidiary OnMobile Singapore Pte. Transfer Pricing with &UWNQYT2FWHM Manpower cross charge At quarterly meetings Nil 1YI Subsidiary 27 4S2TGNQJ1N[J.SH On Actual cost basis &UWNQYT2FWHM 8'1(FRTWYN_FYNTSHTXY At quarterly meetings Nil 28 OnMobile S.A. Allocation of Corporate &UWNQYT2FWHM 9WF[JQ8FQJXFSI At quarterly meetings Nil Costs 2FWPJYNSL2FSUT\JW cross charge 29 OnMobile Singapore Pte. As per Group’s RPT &UWNQYT2FWHM 8FQJTK+N]JI&XXJYX At quarterly meetings Nil 1YI Policy 4KƯHJ8ZUUQNJX 30 Rajiv Pancholy Employment Contract &UWNQYT2FWHM Remuneration (including At quarterly meetings Nil TYMJWGJSJƯYX 31 Francois Charles Sirois Employment Contract &UWNQYT2FWHM Remuneration (including At quarterly meetings Nil TYMJWGJSJƯYX 32 5WF[JJS0ZRFW Employment Contract &UWNQYT2FWHM Remuneration (including At quarterly meetings Nil TYMJWGJSJƯYX 33 Varaprasad Employment Contract &UWNQYT2FWHM Remuneration (including At quarterly meetings Nil TYMJWGJSJƯYX 47 Annexure IV Dividend Distribution Policy The Securities E]HMFSLJ 'TFWI TK .SINF [NIJ NYX 3TYNƯHFYNTS IN[NIJSIXMFQQGJIJHQFWJITWUFNITSQ^TZYTK 3T 8*'.1&)374,3 IFYJI/ZQ^ N (ZWWJSYƯSFSHNFQ^JFWŤXUWTƯY NSXJWYJI 7JLZQFYNTS & NS YMJ 8*'. 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 7JVZNWJRJSYX 7JLZQFYNTSX ţ1NXYNSL (a) after providing for depreciation in Regulations’) mandating the formulation of a Dividend FHHTWIFSHJ\NYMQF\ Distribution Policy for the top 500 listed entities based on (b) after transferring to reserves such their market capitalization calculated on March 31 of every amount as may be prescribed or as may ƯSFSHNFQ^JFW be otherwise considered appropriate by the Board at its discretion. This policy is effecti[JKWTRYMJƯSFSHNFQ^JFW NN 9MJUWTƯYXKTWFS^UWJ[NTZXƯSFSHNFQ^JFW X 1. Objectives (a) after providing for depreciation in FHHTWIFSHJ\NYMQF\ In compQNFSHJ \NYM 7JLZQFYNTS & TK YMJ 1NXYNSL Regulations, the Company is required to formulate a G WJRFNSNSLZSINXYWNGZYJI TW Dividend Distribution Policy which would aid investors (iii) out of i) & ii) both. in identifying stocks that match with their investment (iv) Interim dividend when approved shall be paid objectives. IZWNSL FS^ ƯSFSHNFQ ^JFW TZY TK YMJ XZWUQZX NS The objective of the Dividend Distribution Policy of YMJ UWTƯY FSI QTXX FHHTZSY FSI TZY TK UWTƯYX the Company is to reward its shareholders by sharing a TK YMJ ƯSFSHNFQ ^JFW NS \MNHM XZHM NSYJWNR UTWYNTSTKYMJUWTƯYX\MNQXYFQXTJSXZWNSLYMFYXZKƯHNJSY IN[NIJSINXIJHQFWJI TWTZYTKFS^TYMJWKZSIX funds are retained for growth of the Company. Through as may be permitted by law. this policy, the Company would endeavor to sustain a steady and conXNXYJSY INXYWNGZYNTS TK UWTƯYX G^ \F^ TK iii. Internal and External factors that shall be Dividend, to its shareholders. considered for declaration of dividend )JƯSNYNTSX The Company’s Board shall always consider various internal and external factors while considering ‘Act’ shall mean the Companies Act, 2013 and the the quantum for declaration of dividend such as 7ZQJX KWFRJI YMJWJZSIJW NSHQZINSL FS^ RTINƯHFYNTSX the overall economic scenario of the country, the HQFWNƯHFYNTSXHNWHZQFWXTWWJJSFHYRJSYYMJWJTK prospects of the industry in which the Company ‘Board of Directors or Board’ means the Board of operates, the statutory and regulatory provisions, )NWJHYTWX TK 4S2TGNQJ ,QTGFQ 1NRNYJI FX HTSXYNYZYJI YMJ (TRUFS^ŤX T\S UJWKTWRFSHJ NYX UWTƯYFGNQNY^ from time to time. its growth and investment plans, and such other ‘Company’RJFSX4S2TGNQJ,QTGFQ1NRNYJI KFHYTWXFXRF^GJIJJRJIƯYG^YMJ'TFWI ‘Dividend’ includes any interim dividend. iv. Policy as to how the retained earnings will be ‘Policy’ means Dividend Distribution Policy. utilized 3. Guidelines for distribution of dividend 9MJ UWTƯYX JFWSJI G^ YMJ (TRUFS^ HFS GJ retained in business and used for acquisitions, The distribution of dividend can be by way of Interim J]UFSXNTS TW IN[JWXNƯHFYNTS TW NY HFS GJ )N[NIJSI FSITW G^ \F^ TK +NSFQ )N[NIJSI FX RF^ GJ distributed to the shareholders. The Company may decided by the Board. HMTTXJYTWJYFNSFUFWYTKNYXUWTƯYXFSIINXYWNGZYJ The Board at its discretion, while approving the annual the balance among its shareholders as dividend. FHHTZSYX NS JFHM ƯSFSHNFQ ^JFW RF^ FQXT WJHTRRJSI This policy aims to reconcile between all these dividend for the approval of the shareholders while needs. HTSXNIJWNSLYMJKTQQT\NSLUFWFRJYJWX v. Provisions with regard to various classes of i. The circumstances under which the shares shareholders can or cannot expect dividend The Company has only equity shares and does not The shareholders of the Company may expect currently have any other class(s) of share(s). dividend only if the Company is having surplus funds after providing all expenses, depreciation 4. Amendments etc. and complying with the statutory The Board reserves the right to amend, modify or review requirements of Companies Act, 2013. Company’s this Policy in whole or in part, at any point of time, as J]UFSXNTSNS[JXYRJSY UQFSX XMFQQ FQXT GJ FS important factor for taking dividend decision and may be deemed necessary. determining the dividend amount. 5. Dissemination of Policy NN 9MJ ƯSFSHNFQ UFWFRJYJWX YMFY XMFQQ GJ This Policy shall be hosted on the website of the considered while declaring dividend Company and shall be disclosed in the Annual Report of Subject to the provisions of the Companies Act, the Company. 48 Annexure V Risk Management Policy 1. Introduction *[FQZFYNTS TK NSYJWSFQ ƯSFSHNFQ HTSYWTQX FSI WNXPRFSFLJRJSYX^XYJRX 9MJ 'TFWI TK )NWJHYTWX TK 4S2TGNQJ ,QTGFQ 1NRNYJI ţYMJ (TRUFS^Ť MFX HTSXYNYZYJI F 7NXP 2FSFLJRJSY 7NXP2FSFLJRJSY WJK 7JLZQFYNTS FSITKYMJ Committee and adopted the following policy and 1NXYNSL7JLZQFYNTSX UWTHJIZWJX \NYM WJLFWI YT WNXP RFSFLJRJSY FX IJƯSJI 1. The company shall lay down procedures below. to inform Board members about the risk 2. Objective assessment and minimization procedures. 9MNX UTQNH^ NX KWFRJI GFXJI TS YMJ 1NXYNSL 7JLZQFYNTSX 2. The Board shall be responsible for framing, and to facilitate setting up a framework for risk implementing and monitoring the risk assessment and minimization procedures. management plan for the company. )JƯSNYNTSX 3. The company shall constitute a Risk Management Committee. The Board shall “Listing Regulations” RJFSX 8*'. 1NXYNSL 4GQNLFYNTSX IJƯSJ YMJ WTQJX FSI WJXUTSXNGNQNYNJX TK YMJ and Disclosure Requirements) Regulations, 2015 Risk Management Committee and may “Audit Committee” means Committee of Board of delegate monitoring and reviewing of the risk Directors of the Company constituted under the management plan to the committee and such UWT[NXNTSX TK YMJ (TRUFSNJX &HY FSI YMJ 1NXYNSL TYMJWKZSHYNTSXFXNYRF^IJJRƯY Regulations. Information to be placed before the Board of “Board of Directors” or “Board” in relation to a )NWJHYTWX WJK 5FWY & TK 8HMJIZQJ .. TK YMJ 1NXYNSL Company, means the collective body of Directors of the 7JLZQFYNTSX Company. [Section 2(10) of the Companies Act, 2013] N. Quarterly details of foreign exchange “Policy” means Risk Management Policy. exposures and the steps taken by management to limit the risks of adverse 4. Regulatory framework/requirement exchange rate movement, if material. Risk Management Policy is framed as per the following 4.2 Companies Act, 2013 WJLZQFYTW^WJVZNWJRJSYX 1. Provisions of the Section 134(3) 4.1 Listing Regulations 9MJWJ XMFQQ GJ FYYFHMJI YT ƯSFSHNFQ 0J^KZSHYNTSXTKYMJ'TFWI statements laid before a company in general meeting, a report by its Board of Directors, 9MJ 'TFWI XMTZQI KZQƯQ HJWYFNS PJ^ KZSHYNTSX which shall include— NSHQZINSL 1. Reviewing and guiding corporate strategy, (n) a statement indicating development and major plans of action, risk policy, annual implementation of a risk management policy for the company including GZILJYX FSI GZXNSJXX UQFSX XJYYNSL UJWKTWRFSHJ TGOJHYN[JX RTSNYTWNSL NIJSYNƯHFYNTS YMJWJNS TK JQJRJSYX TK risk, if any, which in the opinion of the NRUQJRJSYFYNTS FSI HTWUTWFYJ UJWKTWRFSHJ and overseeing major capital expenditures, Board may threaten the existence of the acquisitions and divestments. company. 7. Ensuring the integrity of the company’s 2. Provisions of the Section 177(4) FHHTZSYNSL FSI ƯSFSHNFQ WJUTWYNSL X^XYJRX Every Audit Committee shall act in including the independent audit, and that accordance with the terms of reference appropriate systems of control are in place, XUJHNƯJI NS \WNYNSL G^ YMJ 'TFWI \MNHM XMFQQ in particular, systems for risk management, inter alia, include,— ƯSFSHNFQ FSI TUJWFYNTSFQ HTSYWTQ FSI compliance with the law and relevant [NNJ[FQZFYNTS TK NSYJWSFQ ƯSFSHNFQ HTSYWTQX standards. and risk management systems. 7TQJTK&ZINY(TRRNYYJJ WJK 7JLZQFYNTS FSI 8HMJIZQJ .;@8JHYNTS B (TIJ KTW 5FWY(TK8HMJIZQJ..TK1NXYNSL7JLZQFYNTSX Independent Directors The role of the Audit Committee shall include the .. 7TQJFSIKZSHYNTSX KTQQT\NSL 9MJNSIJUJSIJSYINWJHYTWXXMFQQ 49 (1) help in bringing an independent 5.4 Authority judgment to bear on the Board’s deliberations especially on issues The Committee shall have free access to of strategy, performance, risk management and management information. The management, resources, key Committee, at its sole authority, may seek the appointments and standards of advice of outside experts or consultants where HTSIZHY judged necessary. (4) satisfy themselves on the integrity 5.5 Terms of reference TK ƯSFSHNFQ NSKTWRFYNTS FSI YMFY ͻ The risk management committee shall ƯSFSHNFQ HTSYWTQ FSI YMJ X^XYJRX annually review and approve the Risk of risk management are robust and Management Policy and associated IJKJSXNGQJ frameworks, processes and practices of the 4S2TGNQJ ,QTGFQ 1NRNYJI GJNSL F QNXYJI HTRUFS^ NX WJVZNWJI Company. to adhere to the regulations made both by the Companies ͻThe risk management committee shall ensure &HYFSI1NXYNSL7JLZQFYNTSXLT[JWSJIG^YMJ8JHZWNYNJX that the Company is taking the appropriate and Exchange Board of India (SEBI). Where any stipulation is measures to achieve prudent balance common between the regulations, more stringent of the two between risk and reward in both ongoing and shall be complied with. new business activities. 5. Charter of the Risk Management Committee ͻ The risk management committee shall Charter of the Risk management Committee shall be as J[FQZFYJ XNLSNƯHFSY WNXP J]UTXZWJX TK YMJ KTQQT\X Company and assess management’s actions to mitigate the exposures in a timely manner 5.1 Purpose NSHQZINSL TSJTKK NSNYNFYN[JX FSI TSLTNSL activities such as business continuity planning The purpose of the risk management committee of and disaster recovery planning & testing). YMJ'TFWITK)NWJHYTWXTK4S2TGNQJ,QTGFQ1NRNYJI (the “Company”) shall be to assist the Board ͻ The risk management committee will \NYM WJLFWI YT YMJ NIJSYNƯHFYNTS J[FQZFYNTS FSI coordinate its activities with the Audit mitigation of operational, strategic and external Committee in instances where there is any environment risks. The Committee has overall overlap with audit activities (e.g. internal responsibility for monitoring and approving the risk or external audit issue relating to risk policies and associated practices of the Company. management policy or practice). The risk management committee is also responsible ͻ The risk management committee shall make for reviewing and approving risk disclosure WJLZQFW WJUTWYX WJHTRRJSIFYNTSX YT YMJ statements in any public documents or disclosures. Board. 5.2 Composition ͻ The risk management committee shall review and reassess the adequacy of this Charter The majority of Committee shall consist of annually and recommend any proposed members of the Board of Directors. Senior changes to the Board for approval. executives of the company may be members of the said Committee but the Chairman of the This policy will be communicated to all concerned Committee shall be a member of the Board of persons of the Company and shall be placed on Directors. website of the Company at www.onmobile.com. 5.3 Meetings and Quorum The quorum necessary for transacting business at a meeting of the Committee shall be two members. 50 Annexure VI Extract of Annual Return Form No. MGT-9 [Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]. Registration and Other Details Corporate Identity Number (CIN) 142020 A2000P1 C0278 0 Of the Company Registration Date September 27, 2000 Name of the Company 4S2TGNQJ,QTGFQ1NRNYJI Category / Sub-Category of the Company (TRUFS^1NRNYJIG^XMFWJX 5ZGQNHSTSLT[JWSRJSY(TRUFS^ &IIWJXXTKYMJ7JLNXYJWJITKƯHJFSIHTSYFHY 9T\JW ( ;JJWFXFSIWF;NQQFLJ&YYNGJQJ-TGQN details &SJPFQ9FQZP*QJHYWTSNH(NY^5MFXJ'FSLFQTWJ0FWSFYFPF India 9JQ +F] Listed company (Yes/No) Yes Name Address and Contact details of Registrar 0FW[^(TRUZYJWXMFWJ5WN[FYJ1NRNYJI and Transfer Agent, 0FW[^8JQJSNZR9T\JW'5QTY3T,FHMNGT\QN Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500 032 9 F +91 40 2342 0814 Principal Business Activities of the Company SI. Name and Description of Main products/ NIC Code of the Product/ service % to total turnover of the company No. services* 1 9JQJHTRRZSNHFYNTS;FQZJ&IIJI8JW[NHJX 100% Particulars of holding, subsidiary and associate companies Sl. Name of the Company Country (JWYNƯHFYJTK.SHTWUTWFYNTS Holding/ % of holding as Applicable No. No. Subsidiary/ at March 31, Section Associate 2017 1 4S2TGNQJ8NSLFUTWJ5YJ1YI Singapore 3& Subsidiary 100% 2(87)(ii) 2 PT OnMobile Indonesia Indonesia 3& Subsidiary 100% 2(87)(ii) 3 OnMobile SA* France 3& Subsidiary 100% 2(87)(ii) 4 OnMobile Europe BV Netherlands 3& Subsidiary 100% 2(87)(ii) 5 4S2TGNQJ:8&11( :8& 3& Subsidiary 100% 2(87)(ii) Servicios De Telefonia OnMobile SA Mexico 3& Subsidiary 100% 2(87)(ii) De CV 51 Sl. Name of the Company Country (JWYNƯHFYJTK.SHTWUTWFYNTS Holding/ % of holding as Applicable No. No. Subsidiary/ at March 31, Section Associate 2017 7 OnMobile Brasil Sistemas De Valor Brazil 3& Subsidiary 100% 2(87)(ii) Agregado Para Comunicacoes Moveis 1YIF 8 OnMobile De Venezuela CA* Venezuela 3& Subsidiary 100% 2(87)(ii) 9 OnMobile Global SA Argentina 3& Subsidiary 100% 2(87)(ii) 10 4S2TGNQJ:WZLZF^8& :WZLZF^ 3& Subsidiary 100% 2(87)(ii) 11 4S2TGNQJ8JSJLFQ8&71 Senegal 3& Subsidiary 100% 2(87)(ii) 12 OnMobile Global for Egypt 3& Subsidiary 100% 2(87)(ii) Telecommunication Services 13 4S2TGNQJ2FQN8&71 Mali 3& Subsidiary 100% 2(87)(ii) 14 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI Bangladesh 3& Subsidiary 100% 2(87)(ii) 15 OnMobile Servicios Corporativos De Mexico 3& Subsidiary 100% 2(87)(ii) Telefonia SA De CV 4S2TGNQJ0JS^F9JQJHTR1NRNYJI 0JS^F 3& Subsidiary 100% 2(87)(ii) 17 OnMobile Costa Rica OBCR, SA Costa Rica 3& Subsidiary 100% 2(87)(ii) 18 4S2TGNQJ9JQJHTR1NRNYJI Malawi 3& Subsidiary 100% 2(87)(ii) 19 4S2TGNQJ,QTGFQ8UFNS81 Spain 3& Subsidiary 100% 2(87)(ii) 20 4S2TGNQJ:LFSIF1NRNYJI :LFSIF 3& Subsidiary 100% 2(87)(ii) 21 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI Zambia 3& Subsidiary 100% 2(87)(ii) 22 OnMobile Madagascar Telecom Madagascar 3& Subsidiary 100% 2(87)(ii) 1NRNYJI 23 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI Rwanda 3& Subsidiary 100% 2(87)(ii) 24 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI Nigeria 3& Subsidiary 100% 2(87)(ii) 25 4S2TGNQJ9FS_FSNF9JQJHTR1NRNYJI Tanzania 3& Subsidiary 100% 2(87)(ii) 4S2TGNQJ,MFSF9JQJHTR1NRNYJI Ghana 3& Subsidiary 100% 2(87)(ii) 27 4S2TGNQJ9JQJHTR8NJWWF1JTSJ 8JNWWF1JTSJ 3& Subsidiary 100% 2(87)(ii) 1NRNYJI 28 OnMobile Global Solutions Canada Canada 3& Subsidiary 100% 2(87)(ii) 1NRNYJI 29 4S2TGNQJ,QTGFQ.YFQ^871 Italy 3& Subsidiary 100% 2(87)(ii) 30 OnMobile Turkey Telekomunikasyon Turkey 3& Subsidiary 100% 2(87)(ii) 8NXYJRQJWN1NRNYJIċNWPJYN 31 4S2TGNQJ5TWYZLFQ8,58:SNUJXXTFQ Portugal 3& Subsidiary 100% 2(87)(ii) 1)& ?TSF+WFSHF)F2FIJNWF 32 4S2TGNQJ9JQJHTR'ZWPNSF+FXT8&71 Burkina Faso 3& Subsidiary 100% 2(87)(ii) 33 OnMobile Global South Africa (PTY) South Africa 3& Subsidiary 100% 2(87)(ii) 19) 34 OnMobile Global Czech Republic SRO Czech 3& Subsidiary 100% 2(87)(ii) Republic 35 4S2TGNQJ1N[J.SH :8& 3& Subsidiary 100% 2(87)(ii) +TSJXYFW_2JINF,WTZU1NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 37 IF^:01NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 52 Sl. Name of the Company Country (JWYNƯHFYJTK.SHTWUTWFYNTS Holding/ % of holding as Applicable No. No. Subsidiary/ at March 31, Section Associate 2017 38 +TSJXYFW_2JINF 1NHJSXNSL1NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 39 )FNZX1NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 40 +TSJXYFW_1NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 41 1N[J\NWJ2TGNQJ &ZXYWFQNF5Y^1YI Australia 3& Subsidiary 100% 2(87)(ii) 42 +TSJXYFW_2JINF1NRNYJI :0 3& Subsidiary 100% 2(87)(ii) 43 4S2TGNQJ,QTGFQ1NRNYJI(TQTRGNF Colombia 3& Subsidiary 100% 2(87)(ii) SAS 44 4S2TGNQJ1FYFR-TQINSLX81 Spain 3& Subsidiary 100% 2(87)(ii) 45 2TGNQJ;TNHJ0TSSJHY5WN[FYJ1NRNYJI India : 0&59( Associate 50% 2(87)(ii) * holding through step down subsidiary SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) i) Category-wise Share Holding No. of Shares held at the beginning of the year No. of Shares held at the ending of the year % change Category Of Shareholder % of % of total during Demat Physical Total Shares Demat Physical Total Shares total shares the year shares (A) Promoter and Promoter Group (1) Indian F .SIN[NIZFQ-:+ 00 0 0 00 000 b) Central Government 0 0 0 0 0 0 0 0 0 c) State Government(s) 0 0 0 0 0 0 0 0 d) Bodies Corporate 0 0 0 0 0 0 0 0 0 J +NSFSHNFQ.SXYNYZYNTSX 00 0 0 00 000 Banks f) Any Other 0 0 0 0 0 0 0 0 Sub-Total A(1) : 0 0 0 0 0 0 0 0 0 (2) Foreign a) NRIs Individuals 0 0 0 0 0 0 0 0 0 b) Other Individuals 0 0 0 0 0 0 0 0 0 c) Bodies Corporate 50,923,703 0 50,923,703 47.10 50,923,703 0 50,923,703 48.80 1.70 I 'FSPX+. 00 0 0 00 000 e) Any Other 0 0 0 0 0 0 0 0 0 Sub-Total A(2) : 50,923,703 0 50,923,703 47.10 50,923,703 0 50,923,703 48.80 1.70 Total Shareholding of 50,923,703 0 50,923,703 47.10 50,923,703 0 50,923,703 48.80 1.70 Promoters A=A(1)+A(2) (B) Public Shareholding (1) Institutions a) Mutual Funds 35,000 0 35,000 0.03 451,800 0 451,800 0.43 0.40 53 No. of Shares held at the beginning of the year No. of Shares held at the ending of the year % change Category Of Shareholder % of % of total during Demat Physical Total Shares Demat Physical Total Shares total shares the year shares G 'FSPX+. 0 0.51 275,159 0 275,159 c) Central Government 0 0 0 0 0 0 0 0 0 d) State Government(s) 0 0 0 0 0 0 0 0 0 e) Venture Capital Funds 0 0 0 0 0 0 0 0 0 f) Insurance Companies 0 0 0 0 0 0 0 0 0 g) Foreign Institutional 11,493,042 0 11,493,042 10,185,574 0 10,185,574 Investors h) Foreign Venture Capital 00 0 0 00 000 Investors i) Others 0 0 0 0 0 0 0 0 0 Sub-Total B(1) : 12,074,224 0 12,074,224 11.17 10,912,533 0 10,912,533 10.46 -0.71 (2) Non-Institutions a) Bodies Corporate (i) Indian 11,514,008 0 11,514,008 0 7.73 (ii) Overseas 0 0 0 0 0 0 0 0 0 b) Individuals (i) Individuals holding nominal share 10,413,902 10,455,208 11,991,910 11.53 capital up to `1 lakh (ii) Individuals holding nominal share 107,198 19.25 18,714,349 18,835,355 18.05 capital in excess of `1 lakh c) Others (i) Clearing Members 175,894 0 175,894 370,402 0 370,402 0.35 0.19 (ii) Foreign Nationals 38,138 0 38,138 0.04 30,840 0 30,840 0.03 NNN-:+ 1,513,028 0 1,513,028 1.40 0 1.57 0.17 (iv) NBFC 0 0.05 0 0.41 (v) Non Resident 558,103 0 558,103 0.52 0 0.58 Indians [N37.3TS 00 0 0 0 0.43 0.43 Repatriation (vi) Trusts 3,200 0 3,200 0 3,201 0 3,201 0 0 Sub-Total B(2) : 44,964,971 148,504 45,113,475 41.73 42,351,542 162,312 42,513,854 40.74 -0.99 Total Public Share holdings 57,039,195 148,504 57,187,699 52.90 53,264,075 162,312 53,426,387 51.20 -1.70 B=B(1)+B(2) : Total (A+B) : 107,962,898 148,504 108,111,402 100 104,187,778 162,312 104,350,090 100 0 (C) Shares held by Custodian for GDRs & 00 0 0 00 000 ADRs Grand Total (A+B+C) : 107,962,898 148,504 108,111,402* 100 104,187,778 162,312 104,350,090* 100 0 3TYJ YMJHMFSLJNSYTYFQXMFWJXNXIZJYTYMJ'Z^GFHPFHYN[NY^YMFYHTSHQZIJIIZWNSLYMJ^JFW 54 (ii) Shareholding of Promoters S. No Name of the Shareholder Shareholding at the beginning of the year Shareholding at the end of the year No. of % of total Shares %of Shares No. of % of total %of Shares % change in Shares held of the company Pledged / Shares held Shares of the Pledged / shareholding encumbered to company encumbered to during the year total shares total shares 1 On Mobile Systems Inc. 50,923,703 47.10 0 50,923,703 48.80 0 1.70* Note: *the change in % holding is due to the Buyback activity that concluded during the year (iii) Change in promoters’ shareholding Cumulative Shareholding Shareholding at the beginning during the Year (01-04-2016 to of the Year (As on 01-04-2016) 31-03-2017) Name of the Share Holder % of total % of total No of Shares shares of the No of Shares shares of the company company On Mobile Systems Inc. At the beginning of the year 50,923,703 47.10 50,923,703 47.10 )FYJ\NXJ.SHWJFXJ)JHWJFXJNS5WTRTYJWX8MFWJMTQINSLIZWNSLYMJ^JFW At the end of the year 50,923,703 48.80* Note: *the increase in % holding is due to the Buyback activity that concluded during the year. (iv) Shareholding pattern of top ten shareholders (other than directors, promoters and holders of GDRs and ADRs) Name of the Share Holder Shareholding at the beginning of Date Increase/ Reason Cumulative Shareholding the Year Decrease in during the year (01-04- share holding 16 to 31-03-17) No.of Shares at the % of total No of % of total beginning shares Shares shares (01-04-16 /end of of the of the the year (31-03-17) company company Chandramouli J 3.53 Opening balance 3.53 Sale Sale Sale Sale 3.47 Sale 3.32 Sale 3.12 Sale 3.03 Sale 3,090,995 3,090,995 Closing balance 3,090,995 (18&,QTGFQ2FWPJYX59*1YI 2.38 Opening balance 2.38 55 Name of the Share Holder Shareholding at the beginning of Date Increase/ Reason Cumulative Shareholding the Year Decrease in during the year (01-04- share holding 16 to 31-03-17) No.of Shares at the % of total No of % of total beginning shares Shares shares (01-04-16 /end of of the of the the year (31-03-17) company company Sale 2,518,248 Sale 2,238,779 2.15 Sale 2,234,509 2.15 Sale Sale Sale 2,118,248 2.03 Sale 1,889,045 1.81 Sale 1,518,248 Sale 1.41 Sale 1.39 Sale 1,092,098 1.05 Sale 918,248 0.88 918,248 0.88 Closing balance 918,248 0.88 +.1.S[JXYRJSYX 2FZWNYNZX1YI 00 Opening balance 0 0 Purchase 0.15 Purchase 0.57 Purchase 801,720 0.77 Sale 578,474 0.55 Sale 0 0 227,487 Purchase 227,487 0.22 1,334,943 Purchase 1.50 1.50 Closing balance 1.50 Citigroup Global Markets Mauritius Opening balance 5WN[FYJ1NRNYJI Sale 1,240,557 1.19 Sale 1.12 Sale 1,093,952 1.05 Sale 0.22 70,774 Purchase 0.29 32,000 Purchase 0.32 Sale 0.28 Sale 0.19 Sale 174,819 0.17 174,819 0.17 Closing balance 174,819 0.17 3TRZWF8NSLFUTWJ1NRNYJI 00 Opening balance 0 0 Name of the Share Holder Shareholding at the beginning of Date Increase/ Reason Cumulative Shareholding the Year Decrease in during the year (01-04- share holding 16 to 31-03-17) No.of Shares at the % of total No of % of total beginning shares Shares shares (01-04-16 /end of of the of the the year (31-03-17) company company Purchase 0.82 Purchase 1.27 110,500 Purchase 1.37 Sale Closing balance Acadian Emerging Markets Small 1.11 Opening balance 1.11 (FU*VZNY^+ZSI11( 1.15 Closing balance 1.15 Altruist Technologies Private 1.08 Opening balance 1.08 1NRNYJI Sale 1,117,037 1.04 Sale 1.02 Sale 0.84 Sale Sale 0.38 Sale 0.15 Sale 0.11 Sale Sale 0 0 00 Closing balance 0 0 /;FSI&XXTHNFYJX115 1,078,298 1.00 Opening Balance 1,078,298 1.00 Sale 1,075,298 1.01 Sale 1.02 Sale 1.02 Sale 1.01 Sale 1,054,298 1.01 Sale 1,043,298 1.00 Sale 1,033,298 0.99 Sale 1,028,298 0.99 Sale 1,023,298 0.98 Sale 1,018,298 0.98 Sale 998,298 Sale 984,373 0.94 984,373 0.94 Closing Balance 984,373 0.94 Naishadh Jawahar Paleja 1,054,935 0.98 Opening Balance 1,054,935 0.98 57 Name of the Share Holder Shareholding at the beginning of Date Increase/ Reason Cumulative Shareholding the Year Decrease in during the year (01-04- share holding 16 to 31-03-17) No.of Shares at the % of total No of % of total beginning shares Shares shares (01-04-16 /end of of the of the the year (31-03-17) company company 101 Purchase 1.01 25,093 Purchase 1,080,129 1.04 39,871 Purchase 1,120,000 1.07 10,000 Purchase 1,130,000 1.08 1,130,000 1.08 Closing Balance 1,130,000 1.08 Morgan Stanley Asia (Singapore) 1,049,534 0.97 Opening Balance 1,049,534 0.97 PTE. 8,903 Purchase 1,058,437 0.98 Sale 741,387 Sale 730,175 Sale 728,375 21,089 Purchase 0.70 Purchase 0.72 17,097 Purchase 781,328 0.73 11,218 Purchase 0.74 Sale 0.59 Sale 442,459 0.42 Sale 199,304 0.19 30,988 Purchase 230,292 0.22 Purchase 238,937 0.23 2,957 Purchase 241,894 0.23 Purchase 0.24 Purchase 0.24 Sale 0.24 Sale 0.24 Sale 0.23 Sale 198,359 0.19 Sale 0.14 Sale 125,437 0.12 Sale 0.09 Sale 92,188 0.09 Sale 89,240 0.09 Sale 84,472 0.08 Sale 83,701 0.08 Sale 0.08 58 Name of the Share Holder Shareholding at the beginning of Date Increase/ Reason Cumulative Shareholding the Year Decrease in during the year (01-04- share holding 16 to 31-03-17) No.of Shares at the % of total No of % of total beginning shares Shares shares (01-04-16 /end of of the of the the year (31-03-17) company company Sale 71,308 0.07 Sale 0.07 Sale Sale Sale 52,272 0.05 Sale 0.04 Sale 37,349 0.04 Sale 33,948 0.03 Sale 14,197 0.01 Sale 0 0 Closing Balance 0 v) Shareholding of Directors and Key Managerial Personnel Name of the director/ Shareholders at the beginning of Date Increase/ Reason Cumulative key managerial personnel the year Decrease shareholding during (KMP) in share the year (01-04-16 to holding 31-03-17) No. of shares at the % of total No. of % of total beginning of the year shares shares shares (01-04-2016)/end of the of the of the year (31-03- Company Company 2017) A. Directors Rajiv Pancholy 00 Opening balance 0 0 (resigned as Director w.e.f February 23, 2017 and as 00 Closing balance 0 0 CEO w.e.f Feb 28, 2017) 00 Opening balance 0 0 +WFS«TNX(MFWQJX8NWTNX 00 Closing balance 0 0 00 Opening balance 0 0 7FON[0MFNYFS 00 Closing balance 0 0 00 Opening balance 0 0 Nancy Cruickshank 00 Closing balance 0 0 Pascal Tremblay (resigned 00 Opening balance 0 0 \JK2F^ 00 Closing balance 0 0 00 Opening balance 0 0 Sanjay Baweja 00 Closing balance 0 0 00 Opening balance 0 0 Nehchal Sandhu 00 Closing balance 0 0 59 Name of the director/ Shareholders at the beginning of Date Increase/ Reason Cumulative key managerial personnel the year Decrease shareholding during (KMP) in share the year (01-04-16 to holding 31-03-17) No. of shares at the % of total No. of % of total beginning of the year shares shares shares (01-04-2016)/end of the of the of the year (31-03- Company Company 2017) B. Key Managerial Personnel 5WF[JJS0ZRFW0/(MNJK +NSFSHNFQ4KƯHJW 2,914 0 0 Opening balance 2,914 0 2,914 0 Closing balance 2,914 0 00 0 Opening balance 0 0 5;;FWFUWFXFI(TRUFS^ 30 ESOP Exercise 30 Secretary 30 0 Closing balance 30 0 (vi) Indebtedness (In `) Particulars Secured loans Unsecured loans Deposits Total excluding indebtedness deposits Indebtedness at the beginning of the year (i) Principal amount (ii) Interest due but not paid (iii) Interest accrued but not due Total (i+ii+iii) (MFSLJNSNSIJGYJISJXXIZWNSLYMJƯSFSHNFQ^JFW (i) Addition (ii) Reduction Net change .SIJGYJISJXXFYYMJJSITKYMJƯSFSHNFQ^JFW (i) Principal amount (ii) Interest due but not paid (iii) Interest accrued but not due Total (i+ii+iii) (vii) Remuneration of Directors and Key Managerial Personnel A. Remuneration of Managing Director, Whole-time directors and/or Manager: (In `) Sl Particulars of remuneration Rajiv Pancholy* François-Charles Total Amount No Sirois 1 Gross salary (a) Salary as per provisions contained in Section 17(1) of 50,042,308 YMJ.SHTRJYF]&HY G ;FQZJTKUJWVZNXNYJXZX TK.SHTRJYF]&HY H 5WTƯYXNSQNJZTKXFQFW^ZSIJW8JHYNTS TK.SHTRJ 9F]&HY 2 Stock Option (In Numbers) 3 Sweat equity 4 Commission &X TKUWTƯY Other (bonus) 5 4YMJWX 7JYNWFQGJSJƯYX 527,898 527,898 Total (A) 50,288,782 14,203,782 64,492,564 excluding stock options Overall Ceiling as per the Act TKSJYUWTƯYFXUJW8JHYNTS * Rajiv Pancholy resigned from the Board of Directors w.e.f February 23, 2017 and as CEO w.e.f February 28, 2017 B. Remuneration to other Directors (In `) Sl Particulars of remuneration Rajiv Nancy Sanjay Nehchal Pascal Total No Khaitan Cruickshank Baweja Sandhu Tremblay* Amount 1 Independent Directors +JJKTWFYYJSINSL'TFWIHTRRNYYJJ 1,700,000 1,800,000 1,700,000 1,800,000 900,000 7,900,000 meetings Commission 1,555,719 1,492,050 1,555,719 1,455,219 2,392,314 8,451,021 Others, please specify Total (1) 3,255,719 3,292,050 3,255,719 3,255,219 3,292,314 16,351,021 2 4YMJW3TS*]JHZYN[J)NWJHYTWX +JJKTWFYYJSINSL'TFWIHTRRNYYJJ meetings Commission Others, please specify Total (2) Total B (1+2) 3,255,719 3,292,050 3,255,719 3,255,219 3,292,314 16,351,021 Total Managerial remuneration (A+B) 80,843,585 Overall ceiling as per the Act TKYMJSJYUWTƯY 5FXHFQ9WJRGQF^WJXNLSJIKWTRYMJ'TFWI\JK2F^ C. Remuneration to Key Managerial Personnel (other than MD/Manager/WTD) (In `) Sl Particulars of remuneration Key managerial personnel Total No Company CFO Secretary Gross salary (in Rs) F 8FQFW^FXUJWUWT[NXNTSXHTSYFNSJINS8JHYNTS TKYMJ.SHTRJYF]&HY 1 G ;FQZJTKUJWVZNXNYJXZX TK.SHTRJYF]&HY 2,374 2,374 H 5WTƯYXNSQNJZTKXFQFW^ZSIJW8JHYNTS TK.SHTRJ9F]&HY 2 Stock Options (in numbers) 28,800 383,902 412,702 3 Sweat equity (in `) Commission (in Regular) 4 &X TKUWTƯY Other (bonus) 5 4YMJWX 7JYNWFQGJSJƯYX Total * 3,738,755 12,576,707 16,315,462 * excluding the stock options (viii) Penalties/Punishment/Compounding of offences 9MJWJ\JWJSTUJSFQYNJXUZSNXMRJSYHTRUTZSINSLTKTKKJSHJXKTWYMJ^JFWJSINSL2FWHM Annexure VII Particulars of Employees A. Details / Disclosures of Ratio of Remuneration to each Director and KMP (Pursuant to Section 197(12) of the Companies Act, 2013 and Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014): (i) the ratio of the remuneration of each director to the median remuneration of Name of the Director Ratio to the Median YMJJRUQT^JJXTKYMJHTRUFS^KTWYMJƯSFSHNFQ^JFW Rajiv Pancholy 87.04 +WFS«TNX(MFWQJX8NWTNX 24.59 7FON[0MFNYFS Nancy Cruickshank 2.58 Sanjay Baweja Nehchal Sandhu 2.52 Pascal Tremblay 4.14 (ii) the percentage increase in remuneration of each Director, Chief Financial Name of the Director/KMP % increase 4KƯHJW (MNJK *]JHZYN[J 4KƯHJW (TRUFS^ 8JHWJYFW^ TW 2FSFLJW NK FS^ NS YMJ Rajiv Pancholy 113.22 ƯSFSHNFQ^JFW +WFS«TNX(MFWQJX8NWTNX 53.97 7FON[0MFNYFS (20.22) Nancy Cruickshank (47.11) Sanjay Baweja (27.43) Nehchal Sandhu Pascal Tremblay 32.73 5WF[JJS0ZRFW0/ 37.13 P V Varaprasad (iii) the percentage increase in the median remuneration of employees in the (13.25) ƯSFSHNFQ^JFW N[ YMJSZRGJWTKUJWRFSJSYJRUQT^JJXTSYMJWTQQXTK(TRUFS^ 904 (as on 31st March 2017) (v) average percentile increase already made in the salaries of employees other &[JWFLJ XFQFW^ NSHWJFXJ TK YMJ JRUQT^JJX J]HQZINSL025ŤX YMFSYMJRFSFLJWNFQUJWXTSSJQNSYMJQFXYƯSFSHNFQ^JFWFSINYXHTRUFWNXTS\NYM is 13.00% over the previous year mainly due to annual YMJUJWHJSYNQJNSHWJFXJNSYMJRFSFLJWNFQWJRZSJWFYNTSFSIOZXYNƯHFYNTSYMJWJTK salary increments and market corrections. The average and point out if there are any exceptional circumstances for increase in the XFQFW^ NSHWJFXJ TK YMJ025X \FX T[JW YMJ UWJ[NTZX RFSFLJWNFQWJRZSJWFYNTS ^JFW9MJXFQFW^NSHWJFXJKTW025X\FXIZJYTFSSZFQXFQFW^ increment as per industry benchmarking and variable pay of last year was approved and paid during the current year. 7JRZJWSFYNTSYT3TS*]JHZYN[J)NWJHYTWXNXNSUZWXZFSHJTK shareholders approval dated September 8, 2015. [N &KƯWRFYNTSYMFYYMJWJRZSJWFYNTSNXFXUJWYMJWJRZSJWFYNTSUTQNH^TKYMJ Salaries paid are in line with the company’s remuneration company. policy based on industry benchmark. B. Statement showing Details of Employees of the Company as per Rule 5(2) of the Companies (Appointment FSI7JRZSJWFYNTSTK2FSFLJWNFQ5JWXTSSJQ7ZQJXKTWYMJƯSFSHNFQ^JFWJSIJI2FWHM Employee name Designation Remuneration Nature of 6ZFQNƯHFYNTS Experience Date of Age Previous employment received (`) employment joining (in years) +WFS«TNX(MFWQJX8NWTNX Executive 1,42,03,782 Permanent BAA, Finance & 20 3T[ 41 Microcell i5 Chairman Marketing Sanjay Bhambri President & Chief 2,37,21,192 Permanent MBA 23 &ZL 47 Enzen Global Solutions 4UJWFYNSL4KƯHJW 5[Y1YI 5WF[JJS0ZRFW0/ Global Group CFO Permanent B.Com, ACA 17 /ZQ 38 -J\QJYY5FHPFWI Rajesh Pandey ,QTGFQ-JFI 1,18,79,998 Permanent MA 25 8JU 52 5JTUQJ+FHYTW5[Y1YI Human Resources Biswajit Nandi ;NHJ5WJXNIJSY Permanent MBA 17 )JH 41 Tata Indicom Africa & Middle East Vikas Goel )NWJHYTW)JQN[JW^ 1,14,39,943 Permanent PGDTM /ZS 39 H3C Technology & Operations (Systems) -ZF\JN(42 (Europe) Sameh Georgy )NWJHYTW&HHTZSY 1,23,81,910 Permanent Master of 19 3T[ 41 Alcatel Management Engineering (Research) Vito Savino )NWJHYTW8FQJX 1,29,24,200 Permanent Electronic 20 )JH 48 Mondia Media Engineering Employed for part of the year with an average salary of above Eight Lakh Fifty Thousand Rupees per month: Employee name Designation Remuneration Nature of 6ZFQNƯHFYNTS Experience Date of Age Previous employment received (`) employment joining Christy George Senior Vice 85,07,781 Permanent B. Tech 24 4HY 45 IT Solutions (Europe) 5WJXNIJSY 1YI Engineering Mrinmoy Chakraborty Associate Vice Permanent MS 17 2FW 41 =HMFSLNSL8TQZYNTSX 5WJXNIJSY5WTIZHYX 1NRNYJI Rajiv Pancholy Managing Director 5,02,88,782 Permanent ME 37 /ZS TTP Media & CEO Annexure VIII Annual Report on Corporate Social Responsibility (CSR) Activities (Pursuant to Rule 8 (1) of Companies (Corporate Social Responsibility Policy) Rules, 2014) 1. OnMobile CSR Policy intends to: a. Strive for economic development that positively impacts the society at large with a minimal resource footprint. b. Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society. 9MJ(87UTQNH^TKYMJ(TRUFS^NXXYFYJINSYMJKTQQT\NSLQNSP MYYU \\\TSRTGNQJHTRXNYJXIJKFZQYƯQJXHLDUTQNH^(TWUTWFYJD8THNFQD7JXUTSXNGNQNY^D5TQNH^UIK 2. Composition of the CSR Committee: 9MJRJRGJWXTKYMJ(87HTRRNYYJJTKYMJ'TFWIFXTS2FWHM FWJFXZSIJW F 5FXHFQ9WJRGQF^(MFNW G 3FSH^(WZNHPXMFSP2JRGJW H 7FON[0MFNYFSŠ2JRGJW 3. &[JWFLJ3JY5WTƯYTKYMJ(TRUFS^KTWYMJQFXYYMWJJƯSFSHNFQ^JFWX ` 242.57 million 4. 5WJXHWNGJI(87*]UJSINYZWJ Y\TUJWHJSYTKYMJFRTZSYFXNSNYJRFGT[J ` 4.85 million 5. )JYFNQXTK(87XUJSYIZWNSLYMJƯSFSHNFQ^JFW F 9TYFQFRTZSYXUJSYKTWYMJƯSFSHNFQ^JFW ` 3.5 million G &RTZSYZSXUJSYNKFS^ ` 1.35 million H 2FSSJWNS\MNHMYMJFRTZSYXUJSYIZWNSLYMJƯSFSHNFQ^JFWNXIJYFNQJIGJQT\ (In `) Sl CSR project/activity Sector in which the Projects/Programs Amount of Amount spent on the Cumulative Amount No NIJSYNƯJI project is covered (1) Local area or outlay budget project or programs expenditure spent direct others project or Subheads: up to the or through (2) Specify the state program wise (i) Direct reporting implementing and district where expenditure on period agency project or programs projects or programs were undertaken (2)Over-heads Contribution to Promoting health Telangana, 3,500,000 3,500,000 3,500,000 Amount SAHI (Society to care including Hyderabad spent through Aid the Hearing preventive health Society to Aid Impaired), a registered care the Hearing NGO working with Impaired (SAHI) hearing impaired underprivileged children from rural background Total 3,500,000 6. Reason for not spending the prescribed CSR expenditure: The Company has constituted a CSR committee and formulated CSR policy as required under Section 135 of Companies Act, 2013 and the Rules made thereunder. CSR initiatives and the methodology for spending the same to ensure appropriate end use of funds proposed to be spent is being deliberated in the Company. .S QNSJ \NYM YMJ (87 FHYN[NYNJX QNXYJI NS 8HMJIZQJ ;.. TK YMJ (TRUFSNJX &HY YMJ (TRUFS^ MFX NIJSYNƯJI MJFQYM care including preventive health care as its primary focus area and decided to fund free hearing aids for the needy. The (TRUFS^NIJSYNƯJIYMJKTHZXFWJFMF[NSLWJQJ[FSHJYTYMJ(TRUFS^ŤXHTWJTKKJWNSLJSFGQNSLUJTUQJYTJ]UWJXXYMJRXJQ[JX through sound as this CSR initiative aligns Company’s future identity with a relevant cause. OnMobile has associated with Society to Aid the Hearing Impaired (SAHI), a registered NGO working with hearing impaired underprivileged children from rural background and made a contribution of ` NS Y\T UMFXJX IZWNSL YMJ ƯSFSHNFQ ^JFW NS XZUUTWY TK Cochlear Implants, Micro Ear Surgeries and Hearing Aids for the needy. After the release of funds of ` 1.5 Million for the ƯWXYUMFXJTKHTSYWNGZYNTSYMJ(TRUFS^FXXJXXJIYMJJKKJHYN[JSJXXTKYMJZYNQN_FYNTSTKYMJHTSYWNGZYNTSXRFIJ&KYJWYMJ assessment, the Company released funds of ` 2 Million as second phase and yet to assess the effectiveness of utilisation of the second phase contributions. Accordingly, the Company could not spend the balance ` 1.35 Million. 7. CSR Responsibility Statement: Implementation and monitoring of the CSR policy is in compliance with CSR objectives and policy of the Company. François-Charles Sirois Pascal Tremblay *]JHZYN[J(MFNWRFSFSI(*4 (MFNW(87(TRRNYYJJ 5QFHJ 1TSITS )FYJ 2F^ 1.48 2013 Plan I 725,155 49,972 49,972 2012 Plan I 1,337,804 2011 Plan I 2.28 82.12 33.08 33.08 87.25 2010 Plan II 308,851 7JLZQFYNTSX 2010 Plan I 35,000 799,824 35,000 'JSJƯY 2008 Plan IV 5.27 74.93 2008 Plan III 150,522 150,522 479,224 *RUQT^JJ 2,314 'FXJI 2008 Plan II 8MFWJ 2008 Plan I RJYMTI .SINF 2007 TK Plan II Annexure IX Annexure [FQZFYNTS 'TFWI 2007 Plan I 48,212 0.07 0.87 1,820 1,820 3,380 83,512 2006 Plan III *]HMFSLJ 'QFHPXHMTQJX FSI 2003 Plan II Particulars of Employee Stock Option Schemes Stock Particulars Employee of - - - 48,212 - - 4,634 1,179,532 2,600 - 1,184,470 782,596 1,740,178 544,483 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 4.04 8JHZWNYNJX 2003 guidance note not applicable ZSIJW ) JFW ` > YMJ WJVZNWJI )ZWNSL &X &UWNQ TS 1FUXJI Particulars Plan I 4ZYXYFSINSL +TWKJNYJI Million) ` b) b) than market price is greater Exercise price Options Time extended During the Year Options Time c) price is less than market Exercise Method of calculating fair value of options price valuation Fair Options Exercised During the Year Options Exercised Money realised by exercise of options exercise by Money realised (In Total number of shares arising as a result of number arising as a result of shares Total of Options exercise Weighted average exercise price per exercise average Weighted option (after Bonus issue, adjusting if for applicable) of the options whose a) price equals market price Exercise Total number of options in force at the options in force number of Total the year end of Diluted earnings pursuant to per share of options ( issue on exercise of shares Options Granted During the Year Pricing formula 4UYNTSX 4UYNTSX Options vested* 8NLSNƯHFSYFXXZRUYNTSXZXJIKTWJXYNRFYJTKKFNW[FQZJ Particulars Plan III Plan III Plan III Plan III Plan III Plan II 2008 2008 2008 2008 2008 2010 Stock price (`) 113.70 114.03 100.85 87.80 83.50 83.28 Volatility 58.74% 58.53% 57.30% 57.41% Risk free rate 7.90% 7.20% 7.10% 7.10% 7.45% 7.45% Exercise price (`) 113.70 114.03 100.85 87.80 83.50 110.73 Time to maturity (years) 4.37 years 4.37 years 4.37 years 4.37 years 4.37 years 4.37 years Dividend yield (` Per option) 1.5 1.5 1.5 1.5 1.5 1.5 Notes: 1) There was no variation of the terms of options granted *RUQT^JJ\NXJIJYFNQXTKTUYNTSX Š N -JQIG^0J^RFSFLJWNFQUJWXTSSJQ 025 Sr No. Name of the KMP No. of options granted 1. Rajiv Pancholy* 1,000,000 2. 5WF[JJS0ZRFW0/ 383,902 3. P V Varaprasad 28,800 * resigned in Feb 2017. (ii) Granted to any other employee who receives a grant of options in any one year of options amounting to 5% or more of options granted during the year (total options granted 1,104,224) Sr. Name of the employee Scheme Name Grant Date Options granted % of total options No granted during the year 1. Sanjay Bhambri ESOP 2, 2010 March 24, 2017 200,000 18.11 2. Ignacio Martin Velasco ESOP 2, 2010 March 24, 2017 200,000 18.11 3. 5WF[JJS0ZRFW0/ ESOP 2, 2010 March 24, 2017 100,000 4. Florent Stroppa ESOP 2, 2010 March 24, 2017 75,000 (iii) None of the employees were granted options, during the year, equal to or exceeding one percent of the issued capital (excluding outstanding warrants and conversions) of the Company at the time of grant. 3) Diluted Earnings per Share (EPS) pursuant to issue of shares on exercise of option calculated in accordance with Indian &HHTZSYNSL8YFSIFWI .SI&8ţ*FWSNSLXUJW8MFWJŤ *FWSNSLX5JWXMFWJ 3TRNSFQ[FQZJTK` 10 per share Details Consolidated Standalone 2FW 2FW 2FW 2FW Basic (`) 1.34 (2.53) (0.19) Diluted (`) 1.34 (2.53) 4.04 (0.19) Annexure X 8JHWJYFWNFQ&ZINY7JUTWYKTWYMJƯSFSHNFQ^JFWJSIJI2FWHM (Pursuant to section 204 (1) of Companies Act, 2013 and rule No 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014) To, (Buyback of Securities) Regulations, 1998, The Members, d) The Securities and Exchange Board of India (Share OnMobile Global Limited, 'FXJI*RUQT^JJ'JSJƯYX7JLZQFYNTSX *(NY^9T\JW3T (FSI e) The Securities and Exchange Board of India *QJHYWTSNH(NY^5MFXJ (Registrars to Issue and Share Transfer Agents) 'JSLFQZWZ Regulations, 1993 regarding the Companies Act I have conducted the secretarial audit of the compliance of FSIIJFQNSL\NYMHQNJSY applicable statutory provisions and the adherence to good f) The Securities and Exchange Board of India corporate practices by ONMOBILE GLOBAL LIMITED 1NXYNSL 4GQNLFYNTSX FSI )NXHQTXZWJ 7JVZNWJRJSYX (hereinafter called the company). Secretarial Audit was Regulations, 2015, conducted in a manner that provided me a reasonable basis KTWJ[FQZFYNSLYMJHTWUTWFYJHTSIZHYXXYFYZYTW^HTRUQNFSHJX [N4YMJW QF\X FUUQNHFGQJ XUJHNƯHFQQ^ YT YMJ HTRUFS^ and expressing my opinion thereon. SFRJQ^ 'FXJI TS R^ [JWNƯHFYNTS TK YMJ HTRUFS^ŤX GTTPX UFUJWX a) Information Technology Act, 2000 and the rules RNSZYJ GTTPX KTWRX FSI WJYZWSX ƯQJI FSI TYMJW WJHTWIX made thereunder maintained by the company and also the information UWT[NIJIG^YMJHTRUFS^NYXTKƯHJWXFLJSYXFSIFZYMTWN_JI b) Special Economic Zones Act, 2005 and the rules representatives during the conduct of secretarial audit, I made thereunder hereby report that in my opinion, the company has, during c) Software Technology Parks of India rules and YMJ FZINY UJWNTI HT[JWNSL YMJ ƯSFSHNFQ ^JFW JSIJI TS March WJLZQFYNTSX 31, 2017 complied with the statutory provisions listed MJWJZSIJW FSI FQXT YMFY YMJ (TRUFS^ MFX UWTUJW 'TFWI d) The Indian Copy Rights Act, 1957 UWTHJXXJXFSIHTRUQNFSHJRJHMFSNXRNSUQFHJYTYMJJ]YJSY e) The Patents Act, 1970 NSYMJRFSSJWFSIXZGOJHYYTYMJWJUTWYNSLRFIJMJWJNSFKYJW f) The Trade Marks Act, 1999. I have examined the books, papers, minute books, forms and WJYZWSX ƯQJI FSI TYMJW WJHTWIX RFNSYFNSJI G^ YMJ HTRUFS^ I have also examined compliance with the applicable clauses KTW YMJ ƯSFSHNFQ ^JFW JSIJI TS March 31, 2017 and made of the Secretarial Standards issued by the Institute of F[FNQFGQJYTRJFHHTWINSLYTYMJUWT[NXNTSXTK Company Secretaries of India. i. The Companies Act, 2013 (the Act) and the rules made I report that, during the period under review, the Company YMJWJZSIJW has complied with the provisions of the Acts, Rules, Regulations and Guidelines mentioned above. NN 9MJ 8JHZWNYNJX (TSYWFHYX 7JLZQFYNTS &HY ţ8(7&ŤFSIYMJWZQJXRFIJYMJWJZSIJW I further report that, YMJWJ \JWJ ST J[JSYXFHYNTSX NS UZWXZFSHJTK NNN 9MJ )JUTXNYTWNJX &HY FSI YMJ 7JLZQFYNTSX FSI '^JQF\XKWFRJIYMJWJZSIJW a) The Securities and Exchange Board of India (Issue of (FUNYFQFSI)NXHQTXZWJ7JVZNWJRJSYX7JLZQFYNTSX iv. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent b) The Securities and Exchange Board of India (Issue and of Foreign Direct Investment and Overseas Direct 1NXYNSLTK)JGY8JHZWNYNJX7JLZQFYNTSX Investment. c) The Securities and Exchange Board of India (Delisting of v. The following Regulations and Guidelines prescribed *VZNY^8MFWJX7JLZQFYNTSX FSI under the Securities and Exchange Board of India Act, requiring compliance thereof by the company during the ţ8*'.&HYŤ Audit period. a) The Securities and Exchange Board of India I further report that, the compliance by the company of (Substantial Acquisition of Shares and Takeovers) FUUQNHFGQJ ƯSFSHNFQ QF\X QNPJ INWJHY FSI NSINWJHY YF] QF\X FSI 7JLZQFYNTSX RFNSYJSFSHJ TK ƯSFSHNFQ WJHTWIX FSI GTTPX TK FHHTZSYX MFX b) The Securities and Exchange Board of India not been reviewed in this Audit since the same have been 5WTMNGNYNTSTK.SXNIJW9WFINSL7JLZQFYNTSX XZGOJHY YT WJ[NJ\ G^ XYFYZYTW^ ƯSFSHNFQ FZINY FSI TYMJW designated professionals. c) The Securities and Exchange Board of India I further report that, the Board of Directors of the company I report further that,IZWNSLYMJFZINYUJWNTI is duly constituted with proper balance of Executive i. the company has bought back and extinguished )NWJHYTWX 3TS*]JHZYN[J )NWJHYTWX FSI .SIJUJSIJSY JVZNY^ XMFWJX IZWNSL YMJ FZINY UJWNTI TZY Directors. The changes in the composition of the Board of TK YMJ GZ^GFHP TK XMFWJX FUUWT[JI G^ YMJ 'TFWI TK Directors that took place during the period under review )NWJHYTWXTS+JGWZFW^\MNHM\FXHTRUQJYJITS were carried out in compliance with the provisions of the Act. /ZSJ Adequate notice is given to all directors to schedule the NN YMJ NSXUJHYNTS TK YMJ HTRUFS^ ZSIJW 8JHYNTS W\ Board Meetings, agenda and detailed notes on agenda were 207 was carried out by the Registrar of Companies, sent at least seven days in advance to all Directors (except 0FWSFYFPF 'FSLFQTWJ 2NSNXYW^ TK (TWUTWFYJ &KKFNWX in case of meetings called to transact urgent business), and Government of India during the audit period and the a system exists for seeking and obtaining further information HTRUFS^ MFX WJHJN[JI F 5+ 1JYYJW 3T 74('09 FSI HQFWNƯHFYNTSX TS YMJ FLJSIF NYJRX GJKTWJ YMJ RJJYNSL .385 IFYJI &UWNQ KWTR YMJ and for meaningful participation at the meeting. Registrar of Companies, directing the company to reply As per the minutes of the meetings duly recorded and signed to certain non compliances of provisions of Companies by the Chairman the decisions of the Board were unanimous &HY STYNHJIIZWNSLYMJNSXUJHYNTS and no dissenting views have been recorded. FSI YMJWJ \JWJ ST TYMJW J[JSYXFHYNTSX MF[NSL F RFOTW I further report that, based on the review of the compliance bearing on the company’s affairs in pursuance of the above WJUTWYXTK(TRUFS^8JHWJYFW^(MNJK*]JHZYN[J4KƯHJWYFPJS referred laws, rules, regulations, guidelines, standards etc. on record by the Board of Directors of the company, in my opinion there are adequate systems and processes in the company commensurate with the size and operations of the P.G.HEGDE company to monitor and ensure compliance with applicable Hegde & Hegde laws, rules, regulations and guidelines. Company Secretaries +(8 (53T 5QFHJ 'JSLFQZWZ )FYJ 2F^ 70 Addendum to the Directors’ Report / Report on Corporate Governance DIRECTORS AND KEY MANAGERIAL PERSONNEL )JYFNQXTK8FSOF^0FUTTWFWJFXGJQT\ Inductions Sanjay Kapoor in his entrepreneurial avatar, joined the UWTRTYJWLWTZUTK2NHWTRF].SKTWRFYNHX1NRNYJIFXYMJNW Sanjay Kapoor was appointed as an additional director Chairman in June 2014. In that role he was responsible of the Company by the Board w.e.f. June 21, 2017. for leading the company’s board and management, 5ZWXZFSY YT YMJ UWT[NXNTSX TK 8JHYNTS TK YMJ GZNQINSL XHFQJ YT FS J]NXYNSL GNQQNTSITQQFW GZXNSJXX FSI Companies Act, 2013, the Board of Directors vide YWFSXKTWRNSL NY KWTR Fţ)J[NHJŤ HTRUFS^ YT Fţ)J[NHJ their resolution dated June 21, 2017 appointed Sanjay & Services’ company. During July ’2015 he stepped 0FUTTW FX FS &IINYNTSFQ )NWJHYTW TK YMJ (TRUFS^ TS down from the Executive Chairmanship of Micromax to YMJ 'TFWI \JK/ZSJ FSI MJ MTQIX TKƯHJ ZUYT pursue a Plural Career in entrepreneurship, consulting the date of the ensuing Annual General Meeting. He is FI[NXTW^ FSI NS[JXYNSL NS RJSYTWNSL XYFWYZUX With an illustrious career spanning over 32 years, 17 proposed to be appointed as Independent Director of of which have been in the telecommunications sector, the Company pursuant to Section 149, 152 read with Sanjay is an established global leader in Telecom and Schedule IV and all other applicable provisions of the FQQNJI NSIZXYW^ 8FSOF^ \FX YMJ (MNJK *]JHZYN[J 4KƯHJW Companies Act, 2013 and the Companies (Appointment for India and South Asia of India’s largest telecom FSI6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX FY YMJ company, Airtel (March 2010 till May 2013). Sanjay forthcoming Annual General Meeting. remains one of the key leaders in building Bharti Airtel The Board seeks support of the shareholders in from being one of the many players in the industry to HTSƯWRNSLYMJFGT[JFUUTNSYRJSY making it as the number one telecom player in India, during his tenure with the company from July 1998 to Resignations May 2013. Sanjay’s leadership extended well beyond YMJ HTSƯSJX TK &NWYJQ FSI MJ JQJ[FYJI MNRXJQK FX FS Nehchal Sandhu resigned from the directorship of the industry spokesperson globally. For more than 13 years Company w.e.f July 27, 2017 he has played an active role in various industry forums COMMITTEES OF THE BOARD like CII, COAI and NASSCOM. He has also been a Board & Executive committee member of GSMA, (the +ZWYMJWYTYMJNSIZHYNTSTK8FSOF^0FUTTWFSIWJXNLSFYNTS global forum bringing together nearly 800 global mobile of Nehchal Sandhu, the following Committees were TUJWFYTWX 'TFWI RJRGJW TK .SIZX 9T\JWX \TWQIŤX WJHTSXYNYZYJI largest telecom tower company with a portfolio of The Nomination and Compensation Committee was RTWJYMFSQFPMYT\JWX'JSSJYY(TQJRFS (T1YI reconstituted w.e.f July 27, 2017 and as on date the .SINFŤXQFWLJXYRJINFHTRUFS^FSI5;71NRNYJI .SINFŤX largest movie exposition company). Presently, Sanjay is Committee comprises of Nancy Cruickshank as Chair and FSFHYN[JRJRGJWTSYMJGTFWITK;1((N'ZXSJY\TWPX (MWNX&WXJSFZQY8FSOF^0FUTTWFXRJRGJWX .SKWFXYWZHYZWJ 5[Y 1YI FSI 9JHMHTSSJHY WJYFNQ 5[Y The Stakeholders Relationship Committee was 1YI&IINYNTSFQQ^8FSOF^NXF8JSNTW&I[NXTW\NYM'TXYTS reconstituted w.e.f July 27, 2017 and as on date the Consulting Group, one of world’s leading Consulting (TRRNYYJJ HTRUWNXJX TK 7FON[0MFNYFS FX (MFNW FSI ƯWRX -J \FX IJHQFWJI YMJŦ9JQJHTR UJWXTS TK YMJ 8FSOF^'F\JOF8FSOF^0FUTTWFXRJRGJWX ^JFWŧFYYMJ;TNHJFSI)FYF9JQJHTR1JFIJWXMNU&\FWIX 2012.Prior to joining the Bharti Group, Sanjay worked The Risk Management Committee was reconstituted w.e.f \NYM=JWT] .SINF FX )NWJHYTW4UJWFYNTSX 8ZUUTWY -J July 27, 2017 and as on date the Committee comprises of spent 14 years with the global Document management 8FSOF^0FUTTWFX(MFNWFSI3FSH^(WZNHPXMFSP+WFS«TNX company, handling a range of key portfolios, ranging Charles Sirois, Sanjay Baweja as members. from Sales & Marketing to General management 71 functions. He began his professional career as an 2FWHM 8FSOF^0FUTTW NX TS YMJ 'TFWI TK YMJ *]JHZYN[J 9WFNSJJ \NYM/F^ *SLNSJJWNSL 72 Management Discussion & Analysis 1. INDUSTRY TRENDS 2. CHALLENGES 2016-17 has been a year of continued growth in the mobile 9MJ RTGNQJ NSIZXYW^ HTSYNSZJX YT GJ J]YWJRJQ^ HTRUJYNYN[J industry, with more than 7.6 Billion mobile connections and several challenges are affecting the entire industry. The (representing 4.7 Billion unique subscribers) and operator decrease in mobile growth rates, heavy & continuous need revenues of more than $1 Trillion. The global subscriber for investment has led to reduced margins and increased penetration rate now stands at 63%, with regional UWJXXZWJ TS UWTƯYFGNQNY^ :SHJWYFNSY^ FWTZSI WJLZQFYTW^ penetration rates ranging from 43% in Sub-Saharan Africa HMFSLJX NX FKKJHYNSL J]NXYNSL WJ[JSZJ XYWJFRX KTW TUJWFYTWX to 85% in Europe. The acceleration of 4G has been a major (TSXTQNIFYNTSNSYMJNSIZXYW^YMWTZLMRJWLJWXFSIFHVZNXNYNTS highlight; the global 4G connection base surpassed the 1 is bringing in its own set of challenges. Billion mark. 4G networks are now available in 151 countries Political Instability and Economic conditions across the world. The global subscriber base will reach 5.6 Billion by the end of the decade, by which point over 70% of (JWYFNS WJLNTSX NS 2*& FSI 1&9&2 KFHJ HMFQQJSLJX QNPJ the world’s population will have a mobile subscription. UTQNYNHFQ NSXYFGNQNY^ JHTSTRNH IT\SYZWS FSI HTSưNHYX 9MNX has led to currency devaluation, lower consumer uptake of Evolution of mobile technology, availability of cheaper services and unviable return on investment. handsets & better network coverage is helping in increasing mobile broadband adoption at a rapid pace. Mobile data VOIP Apps the new way of calling YWFKƯH NX J]UJHYJI YT LWT\ G^ FS F[JWFLJ TK (&,7 for the period of 2016 – 2020. This data growth is driving VOIP apps are gaining ground as an alternate medium to revenue and making operators invest more. Network make calls. This trend is having an adverse impact on the advancements on access technologies like 4G are driving Voice revenues. mobile broadband adoption. LTE has now reached 60% 3. OPPORTUNITIES TK LQTGFQ UTUZQFYNTS )J[JQTURJSYX TS , FWJ J]YWJRJQ^ encouraging and promise to bring in greater investment, Wider network, greater mobile broadband speed, better innovation and better service offering for consumers in the connectivity and more connected devices present HTRNSL^JFWX 8TZWHJ 2<( ,82& unprecedented opportunities for the Industry. OnMobile, in particular, is well placed to grow under these market The global App Economy was worth $1.3 Trillion last year and HTSINYNTSX (TSXZRJWX FWJ QTTPNSL FY SJ\JW \F^X YT NXJ]UJHYJIYTLWT\YT 9WNQQNTSG^9MJZXJWGFXJNX communicate with others. OnMobile’s new suite of consumer FQXT J]UJHYJI YT ITZGQJ KWTR 'NQQNTS YT 'NQQNTS ZXJWX Apps has been designed to meet this need gap. Our Mobile T[JW YMJ SJ]Y Ư[J ^JFWX 2(TRRJWHJ NX YMJ XNSLQJ QFWLJXY JSYJWYFNSRJSYXJW[NHJXFWJJ]UJHYJIYTLFNSLWJFYJWYWFHYNTS LWT\YM IWN[JW KTW YMJ FUU JHTSTR^ FSI NX J]UJHYJI YT LWT\ HTZWYJX^ YMJ XNRUQNƯJI ZXJW J]UJWNJSHJ WNHM HTSYJSY from $344 to $946 per user by 2021. The consumer spends HFYFQTLZJFSIHFWWNJWXJW[NHJXJ]UJWYNXJ FHWTXX FUU XYTWJX NX FQXT J]UJHYJI YT LWT\ G^ WJFHMNSL $139 Billion by 2021. (Source: App Annie and Techcrunch) 4. RISKS AND CONCERNS Some emerging consumer trends are as follows. 7JLZQFYNTSX FSI UTQNHNJX WJQFYJI YT ITZGQJ HTSƯWRFYNTS reduction in promotional bandwidth and change in contact Video Revolution: By 2019 video will account for 80% of all policies are curtailing growth. HTSXZRJWX .SYJWSJY YWFKƯH *RJWLNSL YJHMSTQTLNJX FWJ WFHNSL YT RJJY HTSXZRJW IJRFSI \NYM J]HNYNSL SJ\ KTWRFYX FSI In mature and competitive markets, operators have been GWFSIXFWJKZJQNSLYMJƯWJ\NYMHWJFYN[J[NIJTFUUWTFHMJX offering bundled core services as a package with unlimited ZXFLJ TK [TNHJ 828 FSI UWJIJƯSJI IFYF UFHPX 73 5. OUTLOOK Accounting Standards, that are reviewed by management FSIFUUWT[JIG^YMJ&ZINY(TRRNYYJJFSIYMJ'TFWI 2017-18 is going to be a landmark year for OnMobile. Having pioneered the carrier services offering for mobile 9MJ (TRUFS^ WJHTLSN_JX YMFY FS^ NSYJWSFQ HTSYWTQ entertainment for over a decade, OnMobile will be offering framework, no matter how well designed, has inherent products directly to the consumers in the coming year. limitations and accordingly, regular audit and review A suite of Apps in mobile entertainment and sound will processes ensure that such systems are reinforced on an be available to consumers in key markets. Plans are also ongoing basis. underway to rejuvenate the traditional carrier services 9MJ (TRUFS^ MFX F XJY TK 8YFSIFWI 4UJWFYNSL 5WTHJIZWJX business through product innovation and technology (SOPs) that have been established for individual processes. JSMFSHJRJSY 7. DISCUSSION ON CONSOLIDATED FINANCIAL PERFORMANCE FOR THE YEAR ENDED 2016-17 9MJHTSXTQNIFYJIƯSFSHNFQXYFYJRJSYXWJQFYJYT4S2TGNQJ,QTGFQ1NRNYJIWJKJWWJIYTFXŦYMJ(TRUFS^ŧFSINYXXZGXNINFWNJXFSI FXXTHNFYJXYTLJYMJWWJKJWWJIYTFXŦYMJ,WTZUŧ RESULT OF OPERATIONS (In `2NQQNTSJ]HJUY*58 % of total % of total FY 2016-17 FY 2015-16 Growth % revenue revenue Results from operations Telecom Value Added Services 7,202.36 - 8,157.43 - (12) Other Income 110.53 - 299.52 - (63) Total Income 7,312.89 - 8,456.95 - (14) (TXYTK8FQJXFSI8JW[NHJX 2,983.67 41 3,125.06 37 (5) *RUQT^JJ'JSJƯYXJ]UJSXJ 2,059.78 28 2,224.84 26 (7) Finance costs 7.8 0 17.77 0 (56) )JUWJHNFYNTSFSIFRTWYN_FYNTSJ]UJSXJ 554.85 8 1,494.33 18 (63) 4YMJWJ]UJSXJX 1,158.30 16 1,333.30 16 (13) Total Expenses 6,764.40 92 8,195.30 97 (17) 74 % of total % of total FY 2016-17 FY 2015-16 Growth % revenue revenue 5WTƯYGJKTWJJ]HJUYNTSFQNYJRXFSIYF] 548.49 8 261.65 3 110 *]HJUYNTSFQNYJRX 172.08 2 229.98 3 (25) 5WTƯYGJKTWJYF] 376.41 5 31.67 0 1,089 5WT[NXNTSKTWYF]FYNTS 235.51 3 308.45 4 (24) 5WTƯYKTWYMJ^JFW 140.90 2 -276.78 (3) (151) 8MFWJTK5WTƯY 1TXXKWTR&XXTHNFYJ 0.00 - -0.05 (0) (100) 5WTƯY 1TXXFYYWNGZYFGQJYT8MFWJMTQIJWXTKYMJ 140.90 2 -276.83 (4) (151) Company 4YMJW(TRUWJMJSXN[JNSHTRJ 3JY -121.70 (2) 76.56 1 (259) Total Comprehensive income (loss) attributable to 19.20 0 -200.27 (3) (110) the Owners of the Company EPS- Basic 1.34 - -2.53 - (153) EPS –Diluted 1.34 - -2.53 - (153) Revenue Other Income 7J[JSZJ NX IJWN[JI KWTR 9JQJHTR ;FQZJ &IIJI 8JW[NHJX Other Income was `110.53 Million in the FY 2016-17 as NSHQZINSL 7NSL 'FHP YTSJX 2TGNQJ JSYJWYFNSRJSY FSI TYMJW compared to `299.52 Million in FY 2015-16. FY 2016- XJW[NHJX 7J[JSZJ KWTR 9JQJHTR ;FQZJ &IIJI 8JW[NHJX NX 17 includes `1.74 Million Net Loss on Foreign currency recognized on providing the services in terms of revenue- transactions and translations and `99.73 Million for Interest XMFWNSL FWWFSLJRJSYX \NYM YMJ YJQJHTR TUJWFYTWX 7J[JSZJ JFWSJI TS +N]JI )JUTXNYX FSI )N[NIJSI ^NJQI TS 2ZYZFQ from Other Services including maintenance services are Funds. For the previous year, Other Income comprised of recognized proportionately over the period during which the `121.31 Million Net gain on Foreign currency transactions services are rendered as per the terms of the contract. FSI YWFSXQFYNTSX NS FIINYNTS YT .SYJWJXY JFWSJI TS +N]JI Deposits and Dividend yield on Mutual Funds to the tune of The revenue for the FY 2016-17 was `7,202.36 Million as `90.10 Million. against `8,157.43 Million in FY 2015-16. The decline is mainly due to discontinuation of ring back tone service in VIVO, The surplus funds of the group continue to remain invested Brazil and football service in some Latin American countries. NS Ư]JI IJUTXNYX FSI IJGY KZSIX NS FIMJWJSHJ YT YMJ Devaluation of Egyptian currency during the year impacted investment policy. Africa revenues negatively during the current year. Cost of Sales and Services The segmentation of revenue by geography is as follows: (TXY TK 8FQJX FSI 8JW[NHJX HTSXNXYX TK FRTZSY NSHZWWJI (In ` Million) towards content fee and cost of software licenses and other HMFWLJX (TSYJSY KJJ NX UFNI YT HTSYJSY UWT[NIJWX XZHM FX % of % of Growth music label companies, royalty agencies, sports licensing FY 2016-17 total FY 2015-16 total % authorities and other content licensors, from whom content revenue revenue NX UWTHZWJI G^ YMJ HTRUFS^ (TXY TK XTKY\FWJ QNHJSXJX FSI India 1,750.47 24 1,803.15 22 -3 other charges include the cost of software licenses and services used by the company for providing services to the Outside India 5,451.89 76 6,354.28 78 -14 customers. During FY 2016-17, the cost of sales and services Total Revenue 7,202.36 8,157.43 -12 was `2,983.67 Million as against `3,125.06 Million incurred in FY 2015-16 with a drop of 5% mainly driven by lower revenues. 75 (In ` Million) % of total % of total FY 2016-17 FY 2015-16 Growth % revenue revenue (TSYJSYKJJ 2,643.77 36 2,727.27 32 -3 (TXYTKXTKY\FWJQNHJSXJXFSITYMJWHMFWLJX 339.90 5 397.79 5 -15 (TXYTKXFQJXFSI8JW[NHJX 2,983.67 41 3,125.06 37 -5 *RUQT^JJ'JSJƯYX*]UJSXJ 2016-17 and FY 2015-16, respectively, thus representing a fall of 63% over the previous year. Decrease in Depreciation *RUQT^JJ 'JSJƯYX *]UJSXJ HTRUWNXJ TK XFQFWNJX UFNI and Amortization is on account of absence of amortization of to employees, contribution made to various employee market development and deployment rights in the FY 2016- \JQKFWJ KZSIX FSI J]UJSXJX NSHZWWJI YT\FWIX \JQKFWJ TK YMJ 17 as compared to the previous year as it was fully amortized. employees. Depreciation and Amortization on assets is provided on During the FY 2016-17, the group incurred a cost of a monthly basis using the straight-line method based on `2,059.78 Million as against `2,224.84 Million in the FY 2015- ZXJKZQHTRRJWHNFQ QN[JX TK YMJXJ FXXJYX FX JXYNRFYJI G^ 16, thus representing a decrease of 7% from the previous the Management, other than for market development year. The decrease was primarily on account of reduction FSI IJUQT^RJSY WNLMYX \MNHM NX FRTWYN_JI T[JW NYX ZXJKZQ in employee headcount in certain geographies like Europe, commercial life in time proportion of its economic Latam and North America. GJSJƯYX YMFY FWJ J]UJHYJI YT FHHWZJ YT YMJ (TRUFS^ 9MJ The total employee strength (including subsidiaries) as on amortization method is reviewed at each year-end for any March 31, 2017 was 1,037. XNLSNƯHFSY HMFSLJ NS YMJ J]UJHYJI UFYYJWS TK YMJ JHTSTRNH GJSJƯYX*]UJSINYZWJNSHZWWJITSWJXJFWHMFSIIJ[JQTURJSY Finance Charges is not being capitalized. +NSFSHJ (MFWLJX WJUWJXJSY NSYJWJXY UFNIUF^FGQJ YT\FWIX The Depreciation and Amortization as a percentage of working capital loan and term loan. During FY 2016-17, average gross block is 7% and 16% for the years ended March YMJ (TRUFS^ NSHZWWJI +NSFSHJ (MFWLJX TK `7.80 Million as 31, 2017 and 2016, respectively. compared to `17.77 Million in FY 2015-16. Other Expenses Depreciation and Amortisation .S YMJ +> 4YMJW *]UJSXJX IJHWJFXJI G^ YT The group provided a sum of `554.85 Million and `1494.33 `1,158.30 Million as against `1,333.30 Million incurred in FY Million towards Depreciation and Amortization for the FY 9MJGWJFPZUTKYMJJ]UJSXJXNXFXKTQQT\X (In ` Million) % of total % of total FY 2016-17 FY 2015-16 Increase % revenue revenue Legal, professional & consultancy charges 263.29 4 227.01 3 16 NSHQZINSL7JRZSJWFYNTSYT&ZINYTWX 2FWPJYNSL*]UJSXJX 233.36 3 255.63 3 -9 7JSYFSITYMJWKFHNQNYNJXHTXY 135.53 2 158.83 2 -15 9WF[JQQNSLFSI(TS[J^FSHJ 132.96 2 161.60 2 -18 (TRRZSNHFYNTSHMFWLJX 71.35 1 85.71 1 -17 7FYJXFSIYF]JX 54.32 1 139.41 2 -61 Others 267.49 4 305.11 4 -12 Total 1,158.30 16 1,333.30 16 -13 (TSYNSZJIJKKTWYXYTIJWN[JTUJWFYNTSFQFSIHTXYJKƯHNJSHNJX Egypt had devalued its currency Egyptian Pound (EGP) has resulted in savings across most of the cost segments. FLFNSXY:8)YTXYWJSLYMJSNYXJHTSTRNHLWT\YM&HHTWINSLQ^ the effect of restatement of the assets and liabilities from Exceptional Items foreign currency to functional currency related to EGP on )ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ (JSYWFQ GFSP TK XZHMIJ[FQZFYNTSNXUWJXJSYJIFXJ]HJUYNTSFQNYJR 76 5WTƯYGJKTWJ9F] Current Assets 9MJ5WTƯY 1TXXGJKTWJ9F]TK`376.41 Million in the current Current Investments FY 2016-17, as compared to `31.67 Million during the (ZWWJSY.S[JXYRJSYXFXTS2FWHM NX`930.32 Million UWJ[NTZX^JFWWJUWJXJSYXF NRUWT[JIUWTƯYFGNQNY^T[JW as compared to `927.34 Million as at March 31, 2016. the previous year. Trade receivables Provision for Taxation 9MJ 9WFIJ 7JHJN[FGQJX SJY TK 5WT[NXNTS KTW )TZGYKZQ 9WFIJ 9MJFRTZSYUWT[NIJIKTWYF]FYNTSNSYMJHZWWJSY+> 7JHJN[FGQJX FRTZSY YT `1,676.13 Million as on March 31, ` ` is 235.51 Million as against 308.45 Million provided in FY 2017 as against `1,983.41 Million as on March 31, 2016. YMZXWJUWJXJSYXF IJHWJFXJNSYF]J]UJSXJT[JW the previous year. Below is the ageing of Trade receivables: As at March 31, As at March 31, Other Comprehensive Income 2017 2016 4YMJW (TRUWJMJSXN[J NSHTRJ KTW YMJ ^JFW Less than 6 months 1372.72 1,626.10 ` includes 2NQQNTS TS FHHTZSY TK J]HMFSLJ QTXXJX NS More than 6 months 303.41 357.31 YWFSXQFYNSL YMJ ƯSFSHNFQ XYFYJRJSYX TK KTWJNLS TUJWFYNTSX FSI WJRJFXZWJRJSYX TK IJƯSJI GJSJƯY QNFGNQNYNJX 4YMJW Cash and cash equivalents (TRUWJMJSXN[J NSHTRJ QTXX \FX `(121.70) Million in FY 9MJ (FXM FSI (FXM *VZN[FQJSYX FX TS 2FWHM NX 2016-17 as compared to `76.56 Million in the FY 2015-16. `2,130.98 Million as against a balance of `2,281.34 Million 5WTƯYKTWYMJ^JFW as on March 31, 2016. The Group generated net cash of `901.73 Million from operating activities which was partly 9MJ 5WTƯY 1TXX FKYJW 9F] TK `19.20 Million in the current utilized towards buyback of equity shares amounting to FY 2016-17, as compared to `(200.27) Million during the ` 2NQQNTSFSITYMJWƯSFSHNSLFHYN[NYNJXQNPJUF^RJSYTK previous FY 2015-16. dividend and repayment of borrowings. FINANCIAL CONDITION Loans Non-Current Assets Loans and advances outstanding as on March 31, 2017 is `40.79 Million as compared to `22.90 Million outstanding Property, Plant and Equipment, Capital Work-in-Progress as on March 31, 2016, thus representing an increase of and Intangible Assets `17.89 Million mainly on account of Security Deposits made 9MJ (TRUFS^ NSHZWWJI FS FRTZSY TK `199.13 Million during the year. ` ( 2NQQNTS NS YMJ UWJ[NTZX ^JFW FX HFUNYFQ J]UJSINYZWJ Other Financial assets during the FY 2016-17. Additions to the gross block mainly comprises of additions to computers and electronic The Other Financial assets as on March 31, 2017 is `715.57 JVZNURJSYXTKY\FWJHTSXJVZJSYYTJ]UFSINSLTUJWFYNTSX Million as compared to `932.55 Million as on March 31, 2016, thus representing decrease of `216.98 Million. The decrease (FUNYFQ 77 11, 2016 and partly offset by an increase due to the options 1NFGNQNY^ WJUWJXJSYX YMJ IJKJWWJI YF] QNFGNQNY^ TK YMJ ,WTZU J]JWHNXJI G^ JRUQT^JJX IZWNSL YMJ ^JFW KTW JVZNY^ and as on March 31, 2017 is `1.08 Million as compared to shares. ` 2NQQNTSFXTS2FWHM9MJ)JKJWWJI9F]&XXJY WJUWJXJSYX YMJ IJKJWWJI YF] FXXJYX TK YMJ ,WTZU FSI FX TS Other Equity March 31, 2017 is `378.40 Million as compared to ` 219.11 A summary of the Other Equity is given below: Million as on March 31, 2016. (In ` Million) Current Liabilities As at March As at March As at March 9MJ (ZWWJSY 1NFGNQNYNJX TZYXYFSINSL FX TS 2FWHM 31, 2017 31, 2016 31, 2015 are `2,723.01 Million as compared to `3,316.11 Million as (FUNYFQ7JIJRUYNTS7JXJW[J 154.00 113.33 98.00 on March 31, 2016, thus representing a decrease of `593.10 Securities premium 2,355.13 2,806.70 2,970.24 Million. Decrease is mainly on account of decrease in +NSFSHNFQ1NFGNQNYNJX 9WFIJUF^FGQJXFSI(ZWWJSY2FYZWNYNJXTK Stock Options outstanding 105.51 73.75 20.19 Long-term borrowings), and statutory remittances due. ,JSJWFQ7JXJW[J 13.20 13.20 13.20 +TWJNLS(ZWWJSH^9WFSXQFYNTS (36.91) 78.57 - 8. MATERIAL DEVELOPMENTS IN HUMAN 7JXJW[J RECOURSES 7JYFNSJI*FWSNSLX 2,009.20 2,025.02 2,499.16 Our Focus on People Other items of Other (8.23) (2.01) - (TRUWJMJSXN[J.SHTRJ The overarching theme for our Talent initiatives in 2016-17 \FX KTZWKTQI (TQQFGTWFYJ FSI HTSSJHY \NYM TZW JRUQT^JJX Total 4,591.90 5,108.56 5,600.79 FHWTXX YMJ LQTGJ NRUWT[J TZW J]NXYNSL UTQNHNJXUWTHJXXJX The decrease in securities premium account of ` 451.57 to their needs, create a positive impact on employees’ Million during the year was mainly on account of utilization predisposition to learn & impact on the way Business works. KTW XMFWJ GZ^GFHP FSI YWFSXKJW YT (FUNYFQ 7JIJRUYNTS Learning and Skill Development reserve during the year. So far we have been successful in shifting the onus of learning +TWJNLS (ZWWJSH^ 9WFSXQFYNTS 7JXJW[J HTRUWNXJX TK YMJ from Management to Self thus creating a culture of self- J]HMFSLJINKKJWJSHJWJQFYNSLYTYMJYWFSXQFYNTSTKYMJƯSFSHNFQ promoted learning through our e-learning portal. This year WJXZQYX FSI SJY FXXJYX TK YMJ (TRUFS^ŤX KTWJNLS TUJWFYNTSX MFX XMT\S F XNLSNƯHFSY ZUXNIJ NS YMJ YNRJ [JXYJI G^ TZW KWTRYMJNWWJXUJHYN[JKZSHYNTSFQHZWWJSHNJXYTYMJ(TRUFS^ŤX employees towards upgradation of their skills both in the presentation currency. areas of professional and personal growth. We have enabled 9MJXZWUQZXWJYFNSJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXXFXFY them access to the popular courses trending across industry March 31, 2017 is `2,009.20 Million. thus staying relevant and agile in the ever-changing business environment. Learning is now available anytime, anywhere! The total Net Worth of the group as at March 31, 2017 is `5,635.40 Million with the book value of each share Our key themes in the area of business impact have been being ` +FHJ [FQZJ TK ` JFHM 9MJ HTWWJXUTSINSL fostering collaboration, promoting camaraderie across numbers for the previous FY are `6,189.67 Million and `57.25 functional teams, bringing in a sense of accountability respectively. through various instructor led and one on one interventions. Besides consolidating our award winning initiative OLA Liabilities (Onmobile Learning Academy), we have also taken it further Non-Current Liabilities FSI HMFWYJI Fţ5WTIZHY (JWYNƯHFYNTS 5FYM\F^Ť NS TWIJW YT build and predict gradational capabilities on our products Long-term provisions and platforms. We have empowered a pool of employees \MT MF[J HTRUQJYJI YMJXJ (JWYNƯHFYNTSX 9MJNW PST\QJILJ The Long-term Provisions outstanding as on March 31, 2017 is now being channelized in their current role and other are `51.67 Million as compared to `43.93 Million as on March projects. 31, 2016, thus representing an increase of `7.74 Million. The increase is primarily on account of increase in provision for We have automated the process of training calenderization, compensated absences based on accumulated leave credits scheduling, invitation and nomination through an internal of the employees. tool termed ‘i-learn’ thus making it convenient and employee friendly. An additional feature of i-learn further showcases Deferred Tax Liability and Asset the credentials, skills, and capabilities of an employee )JKJWWJI 9F] &XXJYX FSI 1NFGNQNYNJX FWJ WJHTLSN_JI KTW to a larger audience in the Organization. It gives them YMJ KZYZWJ YF] HTSXJVZJSHJX TK YJRUTWFW^ INKKJWJSHJX an opportunity to be deployed in various assignments in between carrying values of the assets and liabilities and their alignment with their skill-sets. WJXUJHYN[J YF] GFXJX FSI FWJ RJFXZWJI ZXNSL JSFHYJI YF] Talent Acquisition WFYJX FUUQNHFGQJ TS YMJ 'FQFSHJ 8MJJY IFYJ )JKJWWJI 9F] Assets are recognized subject to management’s judgment 9MJ ƯWXY XYJU YT\FWIX GZNQINSL F XYWTSL \TWPKTWHJ NX YMFY WJFQN_FYNTS NX [NWYZFQQ^ HJWYFNS 9MJ )JKJWWJI 9F] attracting and hiring the right kind of talent. In 2016-17, 78 TZW KTHZX \FX TS NRUWT[NSL YMJ HFSINIFYJ J]UJWNJSHJ FSI touchpoints to be able to sense the pulse and enable as much sustaining it after they became our employees. We added authenticity in communications. We also undertook various elements that ensured that the candidates were more MJFQYM FSI ƯYSJXX WJQFYJI NSNYNFYN[JX KTW TZW JRUQT^JJX YT engaged and informed about the organization. The online JSXZWJYMJ^J]UQTWJYMJNWUFXXNTSFSIQJFIFMJFQYM^QNKJXY^QJ assessments tool that we invested in last year, has helped us to ensure, that we hire the best from the talent pool. These 9. CAUTIONARY STATEMENT initiatives have not only helped us improve upon our hiring Statements in the Management Discussion and Analysis timeline but also reduced attrition in the span of the last 12 describing the industry’ projections and estimates (which are months. GFXJI TS WJQNFGQJ YMNWI UFWY^ XTZWHJX FX \JQQ FX (TRUFS^ŤX Talent Management TGOJHYN[JX JXYNRFYJX UWTOJHYNTSX FSI J]UJHYFYNTSX RF^ GJŦKTW\FWIQTTPNSL XYFYJRJSYXŧ \NYMNS YMJ RJFSNSL TK Being present in over 55 countries throws up its own applicable securities laws and regulations. Actual results challenges in the space of connecting, engaging & HTZQI INKKJW RFYJWNFQQ^ KWTR YMTXJ J]UWJXXJI TW NRUQNJI communicating with employees. With the proliferation of .RUTWYFSY KFHYTWX YMFY HTZQI NSưZJSHJ YMJ (TRUFS^ŤX smartphones, connecting and engaging people using the operations include economic developments within the mobile platform was the best possible way to overcome country, demand and supply conditions in the industry, this challenge. We leveraged Facebook to create a closed HMFSLJX NS ,T[JWSRJSY WJLZQFYNTSX YF] QF\X FSI TYMJW user group that connected and enabled engagement factors such as litigation and labour relations. with employees on a real-time basis. We increased our 79 Business Responsibility Report SECTION A: GENERAL INFORMATION 9TYFQUWTƯYFKYJWYF]JX .37 2S ABOUT THE COMPANY 4. Total Spending on Corporate Social Responsibility (87FXUJWHJSYFLJTKUWTƯYFKYJWYF] 1. Corporate Identity Number (CIN) of the Company: The Corporate Identity Number allotted by the 1NXY TK FHYN[NYNJX NS \MNHM J]UJSINYZWJ NS FGT[J MFX Ministry of Company Affairs, Government of India is been incurred:- L64202KA2000PLC027860 4S2TGNQJMFXNIJSYNƯJIMJFQYMHFWJNSHQZINSLUWJ[JSYN[J 2. Name of the Company: OnMobile Global Limited health care as its primary focus area and decided to fund free hearing aids for the needy, having relevance 3. Registered address: Tower#1, 94/1C & 94/2, Veerasandra to the Company’s core offering, enabling people to Village, Attibele Hobli, Anekal Taluk, Electronic City J]UWJXX YMJRXJQ[JX YMWTZLM XTZSI FX YMNX (87 NSNYNFYN[J Phase-1, Bangalore-560100, Karnataka, India aligns Company’s future identity with a relevant cause. 4. Website: www.onmobile.com OnMobile has associated with Society to Aid the Hearing Impaired (SAHI), a registered NGO working 5. E-mail id: [email protected] with hearing impaired, underprivileged children from 6. Financial Year reported: 2016-2017 rural background and made a contribution in support of Cochlear Implants, Micro Ear Surgeries and Hearing Aids 7. Sector(s) that the Company is engaged in (industrial for the needy. activity code-wise) : Telecom-Value Added Services (NIC Code:61900) SECTION C: OTHER DETAILS 8. List three key products/services that the Company 1. Does the Company have any Subsidiary Company/ manufactures/provides (as in balance sheet) Companies? The 3 key products of OnMobile Global Limited are: Yes. i. Ring Back Tones(RBT) 2. Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then ii. Mobile Entertaiment Services indicate the number of such subsidiary company(s) iii. Infotainment Services No 9. Total number of locations where business activity is 3. Do any other entity/entities (e.g. suppliers, distributors undertaken by the Company etc.) that the Company does business with, participate (a) Number of International Locations (Provide details in the BR initiatives of the Company? If yes, then of major 5) indicate the percentage of such entity/entities? [Less N &XNF5FHNƯH YMFS 2TWJYMFS B ii. Middle-East & Africa No iii. Europe SECTION D: BR INFORMATION iv. North America 1. Details of Director/Directors responsible for BR v. Central America & Latin America (a) Details of the Director/Director responsible for (b) Number of National Locations implementation of the BR policy/policies i. Gurgaon 1. DIN Number : 00071487 ii. Mumbai 2. Name : Rajiv Khaitan iii. Bangalore 3. Designation : Independent Director 10. Markets served by the Company – Local/State/ (b) Details of the BR head National/International: OnMobile Global Limited provides its services in more than 55 countries No. Particulars Details worldwide. 1 DIN Number 00071487 (if applicable) SECTION B: FINANCIAL DETAILS OF THE 2 Name Rajiv Khaitan COMPANY 3 Designation Independent Director 1. Paid up Capital (INR) : 1043.50 Mn 4 Telephone number +91 80 4339 7000 2. Total Turnover (INR) : 3049.98 Mn 5 e-mail id [email protected] 80 2. Principle-wise (as per NVGs) BR Policy/policies (a) Details of compliance (Reply in Y/N) No. Questions P P P P P P P P P 1 2 3 4 5 6 7 8 9 1 Do you have a policy/ policies Y N Y N Y NNNN for.... 2 Has the policy being formulated YNAYNAYNANANANA in consultation with the relevant stakeholders? 3 Does the policy conform to Anti-Bribery Policy is NA It is governed by NA Child labour/forced NA NA NA NA any national / international also in conformity to 8J]ZFQMFWFXXRJSYTK labour is governed standards? If yes, specify? (50 a) The Foreign Corrupt Women at Workplace as per International words) Practices Act, 1977 (Prevention, Prohibition Labor Organization (FCP & Redressal) Act,2013 (ILO)’s Declaration on Fundamental Principles b) The Bribery Act, and Rights at Work 2010 (UKBA) 4 Has the policy being approved YNAYNAYNANANANA by the Board? If yes, has it been signed by MD/ owner/ CEO/ appropriate Board Director? 5 Does the company have a YNAYNAYNANANANA XUJHNƯJIHTRRNYYJJTKYMJ 'TFWI)NWJHYTW4KƯHNFQYT oversee the implementation of the policy? 6 Indicate the link for the policy http://www/sites/ NA http://www/sites/ NA http://www/sites/ NA NA NA NA to be viewed online? IJKFZQYƯQJX(TIJDTKD IJKFZQYƯQJX(TIJDTKD IJKFZQYƯQJX(TIJDTKD Conduct.pdf Conduct.pdf Conduct.pdf 7 Has the policy been formally Yes. NA Yes. NA Yes. NA NA NA NA communicated to all relevant Internal stakeholders Internal stakeholders Internal stakeholders NSYJWSFQFSIJ]YJWSFQ through intranet and through intranet and through intranet and stakeholders? *]YJWSFQXYFPJMTQIJWX *]YJWSFQXYFPJMTQIJWX *]YJWSFQXYFPJMTQIJWX through company through company through company website website website 8 Does the company have in- YNAYNAYNANANANA house structure to implement the policy/ policies. 9 Does the Company have a YNAYNAYNANANANA grievance redressal mechanism related to the policy/ policies to address stakeholders’ grievances related to the policy/ policies? 10 Has the company carried out YNAYNAYNANANANA independent audit/ evaluation of the working of this policy by FSNSYJWSFQTWJ]YJWSFQFLJSH^$ G .KFSX\JWYTYMJVZJXYNTSFYXJWNFQSZRGJWFLFNSXYFS^UWNSHNUQJNXţ3TŤUQJFXJJ]UQFNS\M^ 9NHPZUYTTUYNTSX 81 No. Questions P P P P P P P P P 1 2 3 4 5 6 7 8 9 1 The company has not understood the Principles ------2 9MJHTRUFS^NXSTYFYFXYFLJ\MJWJNYƯSIX 9 9 9999 itself in a position to formulate and implement YMJUTQNHNJXTSXUJHNƯJIUWNSHNUQJX 3 9MJHTRUFS^ITJXSTYMF[JƯSFSHNFQTW ------manpower resources available for the task 4 .YNXUQFSSJIYTGJITSJ\NYMNSSJ]YRTSYMX ------5 .YNXUQFSSJIYTGJITSJ\NYMNSYMJSJ]Y^JFW 9 9 9999 6 Any other reason (please specify) ------ Note: 8NSHJ YMJ (TRUFS^ NX NSYT 2TGNQJ ;FQZJ &IIJI 8JW[NHJX NY ITJX STY MF[J FS^ XUJHNƯH UTQNHNJX \MNHM FWJ HT[JWJI KTW RFSZKFHYZWNSLTWLFSN_FYNTSX-T\J[JWYMJ(TWUTWFYJ5TQNHNJXWJQJ[FSYYT(TRUFS^ŤXGZXNSJXXFWJKWFRJIFSITWRTINƯJIKWTR time to time. Policies have been implemented and followed over a period of time as per industry norms and/or best practices. 3. Governance related to BR a. Indicate the frequency with which the Board of anti - bribery compliance. This Policy is applicable to Directors, Committee of the Board or CEO to assess the all employees of the Company (including Board of BR performance of the Company. Within 3 months, 3-6 Directors), agents, vendors, venture partners, business months, Annually, More than 1 year partners, customers/ clients, associates, contract/ sub- HTSYWFHYTWXNSYJWSXFSITYMJWYMNWIUFWYNJXFKƯQNFYJX 8NSHJYMNXNXYMJƯWXY^JFWYMFYYMJHTRUFS^NXUZGQNXMNSL a BRR, the Board of Directors/ Committees of the 2. How many stakeholder complaints have been received Board / CEO would assess the BR performance of the NS YMJ UFXY ƯSFSHNFQ ^JFW FSI \MFY UJWHJSYFLJ \FX Company as and when required. satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so. Nil. b. Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? Principle 2 How frequently it is published? 1. List up to 3 of your products or services whose design Yes. The hyperlink is http://www.onmobile.com/sites/ has incorporated social or environmental concerns, risks IJKFZQYƯQJX+> &SSZFQ 7JUTWYUIK which is and/or opportunities. published along with the Annual Report of FY 2016-17. The Company’s business activity is to provide Value 9MNXNXYMJƯWXY^JFWTKUZGQNXMNSL'77 Added Services to mobile operators. The Company is in SECTION E: PRINCIPLE-WISE PERFORMANCE compliance with applicable laws and regulations. Principle 1 2. For each such product, provide the following details in respect of resource use (energy, water, raw material 1. Does the policy relating to ethics, bribery and etc.) per unit of product (optional). corruption cover only the company? No. (a) Reduction during sourcing/production/ distribution )TJXNYJ]YJSIYTYMJ,WTZU/TNSY;JSYZWJX8ZUUQNJWX achieved since the previous year throughout the Contractors/NGOs /Others? Yes. value chain? The company has adopted the Code of Business (b) Reduction during usage by consumers (energy, Conduct and Ethics, which details the minimum water) has been achieved since the previous year? acceptable ethical and responsible business practises for employees, agents, suppliers, vendors, NGOs and Since the Company’s business activity is to provide business partners. The Company is committed to Value Added Services to mobile operators and not transparency and best practises. This code warrants related to any manufacturing activity, the reporting compliance with laws prohibiting child labor, taking on use of energy, water, raw material etc., is not responsibility for the health and safety of their applicable. employees. 3. Does the company have procedures in place for Also, the company has adopted Anti-Bribery Policy, sustainable sourcing (including transportation)? which aims to set up a framework to facilitate the (a) If yes, what percentage of your inputs was sourced Company and its employees to comply with the sustainably? Also, provide details thereof, in about international standards on anti-bribery and to 50 words or so. communicate the Company’s views and values on The Company maintains a healthy relationship with 82 its content providers, vendors and other suppliers G 5JWRFSJSY 8. What percentage of your under mentioned employees 5. Has the company undertaken any other initiatives on – were given safety & skill up-gradation training in the last HQJFS YJHMSTQTL^ JSJWL^ JKƯHNJSH^ WJSJ\FGQJ JSJWL^ year? etc. Y/N. If yes, please give hyperlink for web page etc. F 5JWRFSJSY*RUQT^JJX No. 83 6. Are the Emissions/Waste generated by the company 3. Have you done any impact assessment of your initiative? within the permissible limits given by CPCB/SPCB for &KYJW YMJ WJQJFXJ TK KZSIX KTW YMJ ƯWXY UMFXJ TK YMJƯSFSHNFQ^JFWGJNSLWJUTWYJI$ contribution to SAHI as mentioned above, the Yes. Company assessed the effectiveness of utilization of the contributions made. After the assessment, 7. Number of show cause/ legal notices received from the Company released funds of second phase of CPCB/SPCB which are pending (i.e. not resolved to contribution and yet to assess the effectiveness of the satisfaction) as on end of Financial Year. second phase contributions. No show cause/ legal notices has been received from 4. What is your company’s direct contribution to CPCB/SPCB. community development projects- Amount in INR and Principle 7 the details of the projects undertaken. 1. Is your company a member of any trade and chamber The Company contributed ` 3,500,000 to SAHI (Society or association? If Yes, Name only those major ones that to Aid the Hearing Impaired), a registered NGO working your business deals with: with hearing impaired underprivileged children from rural background. This was used for conducting hearing Yes. Bangalore Chamber of Industry and Commerce screening camps, distribution of hearing aids and 2. Have you advocated/lobbied through above Cochlear implant surgeries. associations for the advancement or improvement 5. Have you taken steps to ensure that this community of public good? Yes/No; if yes specify the broad areas development initiative is successfully adopted by the IWTU GT] ,T[JWSFSHJ FSI &IRNSNXYWFYNTS *HTSTRNH HTRRZSNY^$5QJFXJJ]UQFNSNS\TWIXTWXT Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business The Company assessed the effectiveness of the Principles, Others) ZYNQN_FYNTSTKYMJHTSYWNGZYNTSXRFIJNSYMJƯWXYUMFXJ No. Principle 9 Principle 8 1. What percentage of customer complaints/consumer HFXJXFWJUJSINSLFXTSYMJJSITKƯSFSHNFQ^JFW )TJX YMJ HTRUFS^ MF[J XUJHNƯJI UWTLWFRRJX initiatives/projects in pursuit of the policy related to Principle 8? If yes details thereof. 2. Does the company display product information on 9MJ (TRUFS^ MFX NIJSYNƯJI MJFQYM HFWJ NSHQZINSL the product label, over and above what is mandated preventive health care as its primary focus area and as per local laws? Yes/No/N.A. / Remarks(additional decided to fund free hearing aids for the needy. The information) (TRUFS^ NIJSYNƯJI YMJ KTHZX FWJF MF[NSL WJQJ[FSHJ YT NA YMJ(TRUFS^ŤXHTWJTKKJWNSLJSFGQNSLUJTUQJYTJ]UWJXX themselves through sound as this CSR initiative aligns .X YMJWJ FS^ HFXJ ƯQJI G^ FS^ XYFPJMTQIJW FLFNSXY YMJ Company’s future identity with a relevant cause. company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behavior during the 2. Are the programmes/projects undertaken through in- QFXYƯ[J^JFWXFSIUJSINSLFXTSJSITKƯSFSHNFQ^JFW.K MTZXJ YJFRT\S KTZSIFYNTSJ]YJWSFQ 3,4LT[JWSRJSY so, provide details thereof, in about 50 words or so. structures/any other organization? No The CSR initiatives taken up by the Company are in association with Society to Aid the Hearing Impaired 4. Did your company carry out any consumer survey/ (SAHI). SAHI is a group of ENT surgeons, audiologists consumer satisfaction trends? and hospital management professionals who came Yes together in year 2004 to launch the organization. 84 INDEPENDENT AUDITOR’S REPORT To The Members of ONMOBILE GLOBAL LIMITED Report on the Standalone Financial Statements Management’s Responsibility for the Standalone Financial Statements 9MJ (TRUFS^ŤX 'TFWI TK )NWJHYTWX NX WJXUTSXNGQJ KTW YMJ RFYYJWX XYFYJI NS 8JHYNTS TK YMJ (TRUFSNJX &HY ŦYMJ &HYŧ \NYM WJXUJHY YT YMJ UWJUFWFYNTS TK YMJXJ XYFSIFQTSJ ƯSFSHNFQ XYFYJRJSYX YMFY LN[J F YWZJ FSI KFNW [NJ\ TK YMJ ƯSFSHNFQ UTXNYNTS ƯSFSHNFQ UJWKTWRFSHJ NSHQZINSL TYMJW HTRUWJMJSXN[J NSHTRJ HFXM ư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ƯSFSHNFQ HTSYWTQX YMFY \JWJ TUJWFYNSL JKKJHYN[JQ^ KTW JSXZWNSL YMJ FHHZWFH^FSIHTRUQJYJSJXXTKYMJFHHTZSYNSLWJHTWIXWJQJ[FSYYTYMJUWJUFWFYNTSFSIUWJXJSYFYNTSTKYMJXYFSIFQTSJƯSFSHNFQ XYFYJRJSYXYMFYLN[JFYWZJFSIKFNW[NJ\FSIFWJKWJJKWTRRFYJWNFQRNXXYFYJRJSY\MJYMJWIZJYTKWFZITWJWWTW Auditor’s Responsibility 4ZWWJXUTSXNGNQNY^NXYTJ]UWJXXFSTUNSNTSTSYMJXJXYFSIFQTSJƯSFSHNFQXYFYJRJSYXGFXJITSTZWFZINY .S HTSIZHYNSL TZW FZINY \J MF[J YFPJS NSYT FHHTZSY YMJ UWT[NXNTSX TK YMJ &HY YMJ FHHTZSYNSL FSI FZINYNSL XYFSIFWIX FSI RFYYJWX\MNHMFWJWJVZNWJIYTGJNSHQZIJINSYMJFZINYWJUTWYZSIJWYMJUWT[NXNTSXTKYMJ&HYYMJ7ZQJXRFIJYMJWJZSIJWFSI YMJ4WIJWZSIJWXJHYNTS TKYMJ&HY Opinion .S TZW TUNSNTS FSI YT YMJ GJXY TK TZW NSKTWRFYNTS FSI FHHTWINSL YT YMJ J]UQFSFYNTSX LN[JS YT ZX YMJ FKTWJXFNI XYFSIFQTSJ ƯSFSHNFQ XYFYJRJSYX LN[J YMJ NSKTWRFYNTS WJVZNWJI G^ YMJ &HY NS YMJ RFSSJW XT WJVZNWJI FSI LN[J F YWZJ FSI KFNW [NJ\ NS HTSKTWRNY^ \NYM .SI &8 FSI YMJ FHHTZSYNSL UWNSHNUQJX LJSJWFQQ^ FHHJUYJI NS .SINF TK YMJ XYFYJ TK FKKFNWX TK YMJ (TRUFS^ FX FY 2FWHM FSINYXUWTƯYYTYFQHTRUWJMJSXN[JNSHTRJNYXHFXMưT\XFSIYMJHMFSLJXNSJVZNY^KTWYMJ^JFWJSIJITSYMFY IFYJ Report on Other Legal and Regulatory Requirements &XWJVZNWJIG^8JHYNTS TKYMJ&HYGFXJITSTZWFZINY\JWJUTWYYTYMJJ]YJSYFUUQNHFGQJYMFY F 85 H 9MJ 'FQFSHJ 8MJJY YMJ 8YFYJRJSY TK 5WTƯY FSI 1TXX NSHQZINSL 4YMJW (TRUWJMJSXN[J .SHTRJ YMJ (FXM +QT\ 8YFYJRJSYFSI8YFYJRJSYTK(MFSLJXNS*VZNY^IJFQY\NYMG^YMNX7JUTWYFWJNSFLWJJRJSY\NYMYMJGTTPXTKFHHTZSY I .S TZW TUNSNTS YMJ FKTWJXFNI ƯSFSHNFQ XYFYJRJSYX HTRUQ^ \NYM YMJ .SINFS &HHTZSYNSL 8YFSIFWIX UWJXHWNGJI ZSIJW XJHYNTSTKYMJ&HY J 4SYMJGFXNXTKYMJ\WNYYJSWJUWJXJSYFYNTSXWJHJN[JIKWTRYMJINWJHYTWXFXTS2FWHM YFPJSTSWJHTWIG^YMJ 'TFWI TK )NWJHYTWX STSJ TK YMJ INWJHYTWX NX INXVZFQNƯJI FX TS 2FWHM KWTR GJNSL FUUTNSYJI FX F INWJHYTW NS YJWRXTK8JHYNTS TKYMJ&HY K For DELOITTE HASKINS & SELLS (MFWYJWJI&HHTZSYFSYX +NWRŤX7JLNXYWFYNTS3T 8 V. Balaji '*3,&1:7:2F^ 5FWYSJW ;'32 2JRGJWXMNU3T 86 ANNEXURE “A” TO THE INDEPENDENT AUDITOR’S REPORT (Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) For DELOITTE HASKINS & SELLS (MFWYJWJI&HHTZSYFSYX +NWRŤX7JLNXYWFYNTS3T 8 V. Balaji '*3,&1:7:2F^ 5FWYSJW ;'32 2JRGJWXMNU3T 87 ANNEXURE “B” TO THE INDEPENDENT AUDITOR’S REPORT (Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) N F9MJ (TRUFS^ MFX RFNSYFNSJI UWTUJW WJHTWIX XMT\NSL KZQQ UFWYNHZQFWX NSHQZINSL VZFSYNYFYN[J IJYFNQX FSI XNYZFYNTS TK Ư]JIFXXJYX G 8TRJ TK YMJ Ư]JI FXXJYX \JWJ UM^XNHFQQ^ [JWNƯJI IZWNSL YMJ ^JFW G^ YMJ 2FSFLJRJSY NS FHHTWIFSHJ \NYM F WJLZQFW UWTLWFRRJTK[JWNƯHFYNTS\MNHMNSTZWTUNSNTSUWT[NIJXKTWUM^XNHFQ[JWNƯHFYNTSTKFQQYMJƯ]JIFXXJYXFYWJFXTSFGQJ NSYJW[FQX &HHTWINSL YT YMJ NSKTWRFYNTS FSI J]UQFSFYNTS LN[JS YT ZX ST RFYJWNFQ INXHWJUFSHNJX \JWJ STYNHJI TS XZHM [JWNƯHFYNTS H &HHTWINSL YT YMJ NSKTWRFYNTS FSI J]UQFSFYNTSX LN[JS YT ZX FSI GFXJI TS YMJ HJWYNƯJI HTU^ TK YMJ WJLNXYJWJI IJJI TK YWFSXKJW NS WJXUJHY TK YMJ KWJJMTQI GZNQINSL TK YMJ (TRUFS^ UWT[NIJI YT ZX \J WJUTWY YMFY YMJ YNYQJ YT YMJ KWJJMTQI GZNQINSLNXMJQINSYMJSFRJTKYMJ(TRUFS^.SWJXUJHYTKNRRT[FGQJUWTUJWYNJXTKGZNQINSLXYMFYMF[JGJJSYFPJSTS QJFXJ FSI INXHQTXJI FX Ư]JI FXXJY NS YMJ ƯSFSHNFQ XYFYJRJSYX YMJ QJFXJ FLWJJRJSYX FWJ NS YMJ SFRJ TK YMJ (TRUFS^ \MJWJYMJ(TRUFS^NXYMJQJXXJJNSYMJFLWJJRJSY NN 9MJ(TRUFS^ITJXSTYMFXFS^NS[JSYTW^FSIMJSHJWJUTWYNSLZSIJWHQFZXJ NNTKYMJ4WIJWNXSTYFUUQNHFGQJ NNN &HHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXYMJ(TRUFS^MFXLWFSYJIZSXJHZWJIQTFSXYTFUFWY^HT[JWJINS YMJWJLNXYJWRFNSYFNSJIZSIJWXJHYNTS TKYMJ(TRUFSNJX&HYNSWJXUJHYTK\MNHM F 9MJ YJWRX FSI HTSINYNTSX TK YMJ LWFSY TK XZHM QTFS NX NS TZW TUNSNTS UWNRF KFHNJ STY UWJOZINHNFQ YT YMJ (TRUFS^ŤX NSYJWJXY G 9MJUWNSHNUFQFSINSYJWJXYFWJWJUF^FGQJTSIJRFSIFSIYMJWJ\JWJSTIJRFSIKTWWJUF^RJSYXIZWNSLYMJ^JFW H 9MJWJNXSTT[JWIZJFRTZSYWJRFNSNSLTZYXYFSINSLFYYMJGFQFSHJXMJJYIFYJ N[ .STZWTUNSNTSFSIFHHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXYMJ(TRUFS^MFXHTRUQNJI\NYMYMJUWT[NXNTSX TK 8JHYNTSX FSI TK YMJ (TRUFSNJX &HY NS WJXUJHY TK LWFSY TK QTFSX RFPNSL NS[JXYRJSYX FSI UWT[NINSL LZFWFSYJJXFSIXJHZWNYNJXFXFUUQNHFGQJ [ &HHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXYMJ(TRUFS^MFXSTYFHHJUYJIFS^IJUTXNYXIZWNSLYMJ^JFWFSI ITJXSTYMF[JFS^ZSHQFNRJIIJUTXNYX [N 9MJRFNSYJSFSHJTKHTXYWJHTWIXMFXSTYGJJSXUJHNƯJIG^YMJ(JSYWFQ,T[JWSRJSYZSIJWXJHYNTS TKYMJ(TRUFSNJX &HYKTWFS^TKYMJFHYN[NYNJXTKYMJ(TRUFS^ [NN &HHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXNSWJXUJHYTKXYFYZYTW^IZJX F 9MJ(TRUFS^MF[JGJJSWJLZQFWNSIJUTXNYNSLZSINXUZYJIXYFYZYTW^IZJXNSHQZINSL5WT[NIJSY+ZSI*RUQT^JJXŤ8YFYJ .SXZWFSHJ .SHTRJYF] 8FQJX 9F] 8JW[NHJ 9F] (ZXYTRX )ZY^ *]HNXJ )ZY^ ;FQZJ &IIJI 9F] HJXX FSI TYMJW RFYJWNFQ XYFYZYTW^IZJXFUUQNHFGQJYTNYYTYMJFUUWTUWNFYJFZYMTWNYNJX G 9MJWJ \JWJ ST ZSINXUZYJI FRTZSYX UF^FGQJ NS WJXUJHY TK 5WT[NIJSY +ZSI *RUQT^JJXŤ 8YFYJ .SXZWFSHJ .SHTRJYF] 8FQJX9F]8JW[NHJ9F](ZXYTRX)ZY^*]HNXJ)ZY^;FQZJ&IIJI9F]HJXXFSITYMJWRFYJWNFQXYFYZYTW^IZJXNSFWWJFWX FXFY2FWHM KTWFUJWNTITKRTWJYMFSXN]RTSYMXKWTRYMJIFYJYMJ^GJHFRJUF^FGQJ H )JYFNQXTKIZJXTK.SHTRJYF]8FQJX9F]8JW[NHJ9F](ZXYTRX)ZY^*]HNXJ)ZY^FSI;FQZJ&IIJI9F]\MNHMMF[JSTY GJJSIJUTXNYJIFXTS2FWHM TSFHHTZSYTKINXUZYJXFWJLN[JSGJQT\ Forum where Dispute is Period to which the Amounts Name of Statute Nature of Dues pending amount relates (` in millions)* .SHTRJ9F]4WINSFSHJ .SHTRJ9F] -NLM(TZWYTK &> Bangladesh Bangladesh .SHTRJ9F]&HY9FS_FSNF .SHTRJ9F] (TRRNXXNTSJW9FS_FSNF +>)JH 7J[JSZJ&ZYMTWNY^ .SHTRJYF]&HY .SHTRJ9F] -NLM(TZWYTK &> 0FWSFYFPF 9MJ+NSFSHJ&HY 8JW[NHJ9F] (ZXYTRX*]HNXJ YT 8JW[NHJ9F]&UUJQQFYJ 9WNGZSFQ (*89&9 0FWSFYFPF;FQZJFIIJIYF]FHY ;FQZJFIIJI9F] Joint Commissioner YT 2003 (including penalty and TK(TRRJWHNFQYF]JX Interest) &UUJFQX SJYTKFRTZSYXUFNIZSIJWUWTYJXYFSITWFIOZXYJIFLFNSXYWJKZSIX 88 [NNN9MJ(TRUFS^MFXSTYYFPJSFS^QTFSXTWGTWWT\NSLXKWTRƯSFSHNFQNSXYNYZYNTSXGFSPXFSILT[JWSRJSYTWMFXSTYNXXZJIFS^ IJGJSYZWJX-JSHJWJUTWYNSLZSIJWHQFZXJ [NNNTKYMJ4WIJWNXSTYFUUQNHFGQJYTYMJ(TRUFS^ N] 9MJ (TRUFS^ MFX STY WFNXJI RTSJ^X G^ \F^ TK NSNYNFQ UZGQNH TKKJW TW KZWYMJW UZGQNH TKKJW NSHQZINSL IJGY NSXYWZRJSYX TW YJWRQTFSXFSIMJSHJWJUTWYNSLZSIJWHQFZXJ N]TKYMJ4WIJWNXSTYFUUQNHFGQJ ] 9TYMJGJXYTKTZWPST\QJILJFSIFHHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXSTKWFZIG^YMJ(TRUFS^FSI STRFYJWNFQKWFZITSYMJ(TRUFS^G^NYXTKƯHJWXTWJRUQT^JJXMFXGJJSSTYNHJITWWJUTWYJIIZWNSLYMJ^JFW ]N .STZWTUNSNTSFSIFHHTWINSLYTYMJNSKTWRFYNTSFSIJ]UQFSFYNTSXLN[JSYTZXYMJ(TRUFS^MFXUFNIUWT[NIJIRFSFLJWNFQ WJRZSJWFYNTSNSFHHTWIFSHJ\NYMYMJWJVZNXNYJFUUWT[FQXRFSIFYJIG^YMJUWT[NXNTSXTKXJHYNTS WJFI\NYM8HMJIZQJ; YTYMJ(TRUFSNJX&HY ]NN 9MJ(TRUFS^NXSTYF3NIMN(TRUFS^FSIMJSHJWJUTWYNSLZSIJWHQFZXJ ]NNTKYMJ4WIJWNXSTYFUUQNHFGQJ ]NNN.S TZW TUNSNTS FSI FHHTWINSL YT YMJ NSKTWRFYNTS FSI J]UQFSFYNTSX LN[JS YT ZX YMJ (TRUFS^ NX NS HTRUQNFSHJ \NYM 8JHYNTS FSI TKYMJ(TRUFSNJX&HY\MJWJFUUQNHFGQJKTWFQQYWFSXFHYNTSX\NYMYMJWJQFYJIUFWYNJXFSIYMJIJYFNQXTK WJQFYJI UFWY^ YWFSXFHYNTSX MF[J GJJS INXHQTXJI NS YMJ Ư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or DELOITTE HASKINS & SELLS (MFWYJWJI&HHTZSYFSYX +NWRŤX7JLNXYWFYNTS3T 8 V. Balaji '*3,&1:7:2F^ 5FWYSJW ;'32 2JRGJWXMNU3T 89 BALANCE SHEET (In ` Million) As at As at As at Notes March 31, 2017 March 31, 2016 April 1, 2015 ASSETS Non-Current Assets 5WTUJWY^5QFSYFSI*VZNURJSY 3 (FUNYFQ\TWPNSUWTLWJXX .SYFSLNGQJ&XXJYX 3 +NSFSHNFQ&XXJYX Investments 1TFSX 7 4YMJW+NSFSHNFQ&XXJYX 9 )JKJWWJIYF]&XXJYX SJY 27 4YMJW3TS(ZWWJSY&XXJYX 12 3,953.87 3,621.83 4,129.60 Current Assets +NSFSHNFQ&XXJYX Investments 5 9WFIJ7JHJN[FGQJX 6 (FXMFSIHFXMJVZN[FQJSYX 11 1TFSX 8 4YMJW+NSFSHNFQ&XXJYX 10 4YMJW(ZWWJSY&XXJYX 13 4,213.74 4,815.77 5,038.27 TOTAL 8,167.61 8,437.60 9,167.87 EQUITY AND LIABILITIES Equity *VZNY^8MFWJHFUNYFQ 4YMJW*VZNY^ 15 6,784.57 6,981.02 7,282.63 Liabilities Non-Current Liabilities 5WT[NXNTSX 17 48.88 40.70 31.80 Current Liabilities +NSFSHNFQ1NFGNQNYNJX 9WFIJUF^FGQJX 16 4YMJW+NSFSHNFQ1NFGNQNYNJX 19 5WT[NXNTSX 18 4YMJWHZWWJSYQNFGNQNYNJX 20 1,334.16 1,415.88 1,853.44 TOTAL 8,167.61 8,437.60 9,167.87 8NLSNƯHFSYFHHTZSYNSLUTQNHNJX 2 9MJFHHTRUFS^NSLSTYJXFWJFSNSYJLWFQUFWYTKYMJƯSFSHNFQXYFYJRJSYX YT .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 90 STATEMENT OF PROFIT AND LOSS (In ` Million except per share data) For the year ended For the year ended Notes March 31, 2017 March 31, 2016 REVENUE FROM OPERATIONS 9JQJHTR;FQZJ&IIJI8JW[NHJX 21 4YMJW4UJWFYNSLWJ[JSZJ Š7JNRGZWXJRJSYTKJ]UJSXJX 3JY 4YMJW.SHTRJ 22 Total Revenue (A) 3,698.87 4,114.81 EXPENSES (TXYTK8FQJXFSI8JW[NHJX 23 *RUQT^JJ'JSJƯYXJ]UJSXJX )JUWJHNFYNTSFSIFRTWYNXFYNTSJ]UJSXJ 25 4YMJWJ]UJSXJX 26 Total Expenses (B) 3,091.83 3,965.36 5WTƯYGJKTWJJ]HJUYNTSFQNYJRFSIYF] (" &' 607.04 149.45 *]HJUYNTSFQNYJR(D) 5WTƯYGJKTWJYF] *" () 490.48 146.99 TAX EXPENSE (ZWWJSY9F] 27 )JKJWWJIYF] 27 Net Tax Expense (F) 64.20 168.24 5WTƯY 1TXXKTWYMJ^JFW ," *+ 426.28 (21.25) Other Comprehensive Income (Net) .YJRXYMFY\NQQSTYGJWJHQFXXNƯJIYTUWTƯYTWQTXX 7JRJFXZWJRJSYXTKYMJIJƯSJIGJSJƯYQNFGNQNYNJX FXXJY &HYZFWNFQ,FNS 1TXX .SHTRJYF]WJQFYNSLYTNYJRXYMFY\NQQSTYGJWJHQFXXNƯJIYTUWTƯYTWQTXX .YJRXYMFYRF^GJWJHQFXXNƯJIYTUWTƯYTWQTXX *]HMFSLJINKKJWJSHJXNSYWFSXQFYNSLYMJƯSFSHNFQXYFYJRJSYXTKKTWJNLSTUJWFYNTSX .SHTRJYF]TSNYJRXYMFYRF^GJWJHQFXXNƯJIYTUWTƯYTWQTXX – Other comprehensive income for the period (49.26) 22.69 Total Comprehensive Income for the year 377.02 1.44 EARNINGS PER EQUITY SHARE 37 'FXNH +FHJ[FQZJTKJVZNY^XMFWJTK`JFHM )NQZYJI +FHJ[FQZJTKJVZNY^XMFWJTK`JFHM 8NLSNƯHFSYFHHTZSYNSLUTQNHNJX 2 9MJFHHTRUFS^NSLSTYJXFWJFSNSYJLWFQUFWYTKYMJƯSFSHNFQXYFYJRJSYX YT .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 91 CASH FLOW STATEMENT In ` Million For the year ended March 31, For the year ended March 31, 2017 2016 A. CASH FLOW FROM OPERATING ACTIVITIES 5WTƯY 1TXXKTWYMJ^JFW .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXX )JUWJHNFYNTSFSIFRTWYNXFYNTSJ]UJSXJ :SWJFQNXJI+TWJNLS*]HMFSLJ1TXX ,FNS 1TXX ,FNSTS8FQJTK+N]JI&XXJYX 3JY 5WT[NXNTSXSTQTSLJWWJVZNWJI\WNYYJSGFHP – 5WT[NXNTSKTW)TZGYKZQYWFIJWJHJN[FGQJX 3JY &RTWYNXFYNTSTK*RUQT^JJ8YTHP4UYNTS )N[NIJSI.SHTRJ Interest Income Changes in Operating assets and liabilities: 9WFIJWJHJN[FGQJX 4YMJWFXXJYX 9WFIJ5F^FGQJX 4YMJWQNFGNQNYNJX Cash generated from operations )NWJHYYF]JXUFNI NSHQZINSLWJKZSIX Net cash generated from operating activities B. CASH FLOW FROM INVESTING ACTIVITIES (FUNYFQJ]UJSINYZWJTSUZWHMFXJTKƯ]JIFXXJYXNSHQZINSLHFUNYFQFI[FSHJX 5WTHJJIXKWTRXFQJTKƯ]JIFXXJYX 8FQJ7JIJRUYNTS 5ZWHMFXJTKXMTWYYJWRNS[JXYRJSYX SJY 5ZWHMFXJ8FQJTK.S[JXYRJSYNS8ZGXNINFWNJX SJY – .SHWJFXJIJHWJFXJNSJFWRFWPJIGFSPGFQFSHJX )N[NIJSI.SHTRJ Interest received 3JYHFXM ZXJINSLJSJWFYJIKWTRNS[JXYNSLFHYN[NYNJX C. CASH FLOW FROM FINANCING ACTIVITIES 5WTHJJIXKWTRNXXZFSHJTK8MFWJ(FUNYFQ SJYTKWJKZSITKXMFWJ application money) 'Z^GFHPTK*VZNY^8MFWJ(FUNYFQ )N[NIJSI5FNINSHQZINSLYF] 3JYHFXM ZXJINSKWTRƯSFSHNSLFHYN[NYNJX 3JYNSHWJFXJ IJHWJFXJNSHFXMFSIHFXMJVZN[FQJSYX Cash and cash equivalents (Opening Balance) Effect of exchange differences on translation of foreign currency cash and cash equivalents Cash and cash equivalents (Closing Balance) Reconciliation of Cash and cash equivalents with the Balance Sheet: (FXMFSIHFXMJVZN[FQJSYXFXUJW'FQFSHJ8MJJY 7JKJW3TYJ 1JXX 'FSPGFQFSHJXSTYHTSXNIJWJIFX(FXMFSIHFXMJVZN[FQJSYX (FXMFSIHFXMJVZN[FQJSYXFYYMJJSITKYMJ^JFW 765.75 645.88 .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 92 Statement of changes in equity for the year ended March 31, 2017 A.. Equity Share Capital In ` Million Equity share capital Issued and Paid up Capital at April 1, 2015 (MFSLJXNSJVZNY^XMFWJHFUNYFQ during the year F.XXZJTKXMFWJHFUNYFQZSIJW *RUQT^JJ8YTHP4UYNTS5QFS G'Z^GFHPTKJVZNY^XMFWJX Balance at March 31, 2016 1,081.11 (MFSLJXNSJVZNY^XMFWJHFUNYFQ during the year F.XXZJTKJVZNY^XMFWJXZSIJW employee share option plan G'Z^GFHPTKJVZNY^XMFWJX Balance at March 31, 2017 1,043.50 b. Other Equity In ` Million Reserves and Surplus Items of other comprehensive income Securities General Stock Capital Retained Exchange Actuarial Total premium reserve Options Redemption earnings differences ,FNS reserve Outstanding Reserve on (Loss) Account translating the ƯSFSHNFQ statements of a foreign operation Balance at April 1, 2015 7JHJN[JITSJ]JWHNXJTKJRUQT^JJ XYTHPTUYNTSX :YNQNXJIYT\FWIX8MFWJXGZ^GFHP 9WFSXKJWYT(FUNYFQ7JIJRUYNTS 7JXJW[J )NXHTZSYTSJ]JWHNXJTKJQNLNGQJXYTHP options *RUQT^JJXXYTHPTUYNTSHTXY 9WFSXKJWWJIYT8JHZWNYNJXUWJRNZR reserve 9TYFQ(TRUWJMJSXN[JNSHTRJKTW the year .SHTRJYF]NRUFHY )N[NIJSIX 9F]TS)N[NIJSIX Balance at March 31, 2016 2,806.70 13.20 73.75 113.33 2,870.24 24.70 (2.01) 5,899.91 93 Reserves and Surplus Items of other comprehensive income Securities General Stock Capital Retained Exchange Actuarial Total premium reserve Options Redemption earnings differences ,FNS reserve Outstanding Reserve on (Loss) Account translating the ƯSFSHNFQ statements of a foreign operation 7JHJN[JITSJ]JWHNXJTKJRUQT^JJ XYTHPTUYNTSX :YNQNXJIYT\FWIX8MFWJXGZ^GFHP 9WFSXKJWYT(FUNYFQ7JIJRUYNTS 7JXJW[J *RUQT^JJXXYTHPTUYNTSHTXY 9WFSXKJWWJIYT8JHZWNYNJXUWJRNZR reserve 9TYFQ(TRUWJMJSXN[JNSHTRJKTW the year .SHTRJYF]NRUFHY )N[NIJSIX 9F]TS)N[NIJSIX Balance at March 31, 2017 2,355.13 13.20 105.51 154.00 3,139.80 (18.34) (8.23) 5,741.07 9MJFHHTRUFS^NSLSTYJX YT FWJFSNSYJLWFQUFWYTKYMJƯSFSHNFQXXYFYJRJSYX .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) 1 Company Overview NSKTWRFYNTS FGTZY XNLSNƯHFSY FWJFX TK JXYNRFYNTS 4S2TGNQJ ,QTGFQ 1NRNYJI ţ4S2TGNQJŤ TWţYMJ ZSHJWYFNSY^FSIHWNYNHFQOZILRJSYXNSFUUQ^NSLFHHTZSYNSL (TRUFS^Ť NX F UZGQNH QNRNYJI HTRUFS^ NSHTWUTWFYJI UTQNHNJX YMFY MF[J YMJ XNLSNƯHFSY JKKJHY TS YMJ FRTZSYX NS .SINF FSI MFX NYX WJLNXYJWJI TKƯHJ FY 'JSLFQZWZ WJHTLSN_JI NS YMJ ƯSFSHNFQ XYFYJRJSYX NX NSHQZIJI NS YMJ .SINF FSI MFX TKƯ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ŦYNWNSLYWNSLŧ YMJ HFQQJW QNXYJSX YT \NYM NSYJWJXYNSL XTZSIX TK YMJNW HMTNHJ )NLNYFQ NN +FNW[FQZJRJFXZWJRJSYXFSI[FQZFYNTSUWTHJXXJX .S (TSYJSY 8YTWJ NX F TSJXYTU RTGNQJ IJXYNSFYNTS KTW JXYNRFYNSLYMJKFNW[FQZJTKFSFXXJYTWFQNFGNQNY^YMJ INXHT[JWNSL INLNYFQ HTSYJSY QNPJ [NIJTX LFRJX RZXNH (TRUFS^ZXJXRFWPJYTGXJW[FGQJIFYFYTYMJJ]YJSY FSI NRFLJX .SKTYFNSRJSY TKKJWX RZXNH HTSYJXY NYNXF[FNQFGQJ 95 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) MFX KTWJNLS TUJWFYNTSX GWFSHMJX KTW \MNHM YMJ HTS[JSYNTS NS YMJ RFWPJY UQFHJ WJLZQFW \F^ YWFIJ FWJ KZSHYNTSFQ HZWWJSH^ NX YMJ HZWWJSH^ TK YMJ UWNRFW^ WJHTLSNXJI TS YWFIJ IFYJ 96 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) .RUFNWRJSYTKƯSFSHNFQFXXJYX FWJ XYFYJI FY HTXY TK FHVZNXNYNTS NSHQZINSL YF]JX IZYNJX 9MJ (TRUFS^ WJHTLSN_JX QTXX FQQT\FSHJX ZXNSL YMJ KWJNLMY INWJHYQ^ FYYWNGZYFGQJ YT RFPJ YMJ FXXJY WJFI^ KTW J]UJHYJIHWJINYQTXX *(1RTIJQKTWYMJƯSFSHNFQFXXJYX NYX NSYJSIJI ZXJ FSI TYMJW NSHNIJSYFQ J]UJSXJX WJQFYNSL \MNHM FWJ STY KFNW [FQZJI YMWTZLM UWTƯY TW QTXX 9MJ YT FHVZNXNYNTS FSI NSXYFQQFYNTS 8ZGXJVZJSY J]UJSINYZWJ (TRUFS^ KTQQT\XţXNRUQNƯJI FUUWTFHMŤ KTW WJHTLSNYNTS TS FXXJYX FKYJW NYX UZWHMFXJ NX HFUNYFQNXJI TSQ^ NK XZHM TK NRUFNWRJSY QTXX FQQT\FSHJ TS YWFIJ WJHJN[FGQJ \NYM J]UJSINYZWJ WJXZQYX NS FS NSHWJFXJ NS YMJ KZYZWJ GJSJƯYX ST XNLSNƯHFSY ƯSFSHNSL HTRUTSJSY NX RJFXZWJI FY FS KWTR XZHM FXXJY GJ^TSI NYX UWJ[NTZXQ^ FXXJXXJI XYFSIFWI FRTZSY JVZFQ YT QNKJ YNRJ *(1 +TW FQQ TYMJW ƯSFSHNFQ TK UJWKTWRFSHJ &XXJYX WJYNWJI KWTR FHYN[J ZXJ FSI MJQI FXXJYXJ]UJHYJIHWJINYQTXXJXFWJRJFXZWJIFYFSFRTZSY KTW XFQJ FWJ XYFYJI FY YMJ QT\JW TK YMJNW SJY GTTP [FQZJ JVZFQ YT YMJ RTSYM *(1 ZSQJXX YMJWJ MFX GJJS F FSIWJFQNXFGQJ[FQZJFSIINXHQTXJIXJUFWFYJQ^ XNLSNƯHFSY NSHWJFXJ NS HWJINY WNXP KWTR NSNYNFQ WJHTLSNYNTS (FUNYFQ\TWPNSUWTLWJXXNXXYFYJIFYHTXYFSINSHQZIJXYMJ NS \MNHM HFXJ YMTXJ FWJ RJFXZWJI FY QNKJYNRJ *(1 9MJ HTXY TK YMJ FXXJYX YMFY FWJ STY WJFI^ KTW YMJNW NSYJSIJI FRTZSY TK J]UJHYJI HWJINY QTXXJX TW WJ[JWXFQ YMFY NX ZXJFYYMJ'FQFSHJ8MJJYIFYJŧ WJVZNWJI YT FIOZXY YMJ QTXX FQQT\FSHJ FY YMJ WJUTWYNSL IFYJ YT YMJ FRTZSY YMFY NX WJVZNWJI YT GJ WJHTLSNXJI NX k. Depreciation and Amortisation WJHTLSN_JIFXFSNRUFNWRJSYLFNSTWQTXXNSUWTƯYTWQTXXŧ )JUWJHNFGQJ FRTZSY KTW FXXJYX NX YMJ HTXY TK FS FXXJY b) Equity instruments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ŤX T\S JVZNY^ NSXYWZRJSYX Category of Asset No. of years NX WJHTLSNXJI FSI IJIZHYJI INWJHYQ^ NS JVZNY^ 3T LFNS 1JFXJMTQI.RUWT[JRJSYX 5WNRFW^QJFXJUJWNTITK TW QTXX NX WJHTLSNXJI NS UWTƯY TW QTXX TS YMJ UZWHMFXJ ^JFWX^JFWX XFQJ NXXZJ TW HFSHJQQFYNTS TK YMJ (TRUFS^ŤX T\S JVZNY^ Buildings 61 years instruments 4KƯHJJVZNURJSYX 3 years H 3TSIJWN[FYN[JƯSFSHNFQQNFGNQNYNJX (TRUZYJWXFSI*QJHYWTSNH ^JFWX^JFWX JVZNURJSYX (i) Financial liabilities at amortised cost +ZWSNYZWJFSI+N]YZWJX 3 years +NSFSHNFQ QNFGNQNYNJX FY FRTWYNXJI HTXY WJUWJXJSYJI Motor Cars 3 years G^ GTWWT\NSLX YWFIJ FSI TYMJW UF^FGQJX FWJ NSNYNFQQ^ 8TKY\FWJX 3 years WJHTLSN_JI FY KFNW [FQZJ FSI XZGXJVZJSYQ^ HFWWNJI FY .SYJQQJHYZFQ5WTUJWY^7NLMYX 3 years FRTWYN_JIHTXYZXNSLYMJJKKJHYN[JNSYJWJXYWFYJRJYMTI 2FWPJYIJ[JQTURJSYFSI 4[JWYMJYJWRTKYMJ deployment rights agreement (ii) Financial asset at Fair value through Other Comprehensive Income (FVTOCI) 9MJ JXYNRFYJI ZXJKZQ QNKJ TK YMJ FXXJYX FWJ WJ[NJ\JI FY YMJ JSI TK JFHM ƯSFSHNFQ ^JFW FSI YMJ FRTWYNXFYNTS 9MJ(TRUFS^MFXJQJHYJISTYYTUWJXJSYFS^XZGXJVZJSY UJWNTINXWJ[NXJIYTWJưJHYYMJHMFSLJIUFYYJWSNKFS^ HMFSLJXNSYMJKFNW[FQZJTKJVZNY^NSXYWZRJSYXNS4(. Individual assets costing less than ` FWJ (iii) Financial liabilities at FVTPL IJUWJHNFYJINSKZQQNSYMJ^JFWTKUZWHMFXJ 9MJ (TRUFS^ ITJXSTY MF[J FS^ +NSFSHNFQ QNFGNQNYNJX IJXLNSFYJIFY+;951 l. Leasing 1JFXJXFWJHQFXXNƯJIFXƯSFSHJQJFXJX\MJSJ[JWYMJYJWRX d) Derivative Financial instruments TKYMJQJFXJYWFSXKJWXZGXYFSYNFQQ^FQQYMJWNXPXFSIWJ\FWIX 9MJ(TRUFS^MTQIXIJWN[FYN[JƯSFSHNFQNSXYWZRJSYXXZHMFX TK T\SJWXMNU YT YMJ QJXXJJ &QQ TYMJW QJFXJX FWJ HQFXXNƯJI KTWJNLS J]HMFSLJ KTW\FWI HTSYWFHYX YT RNYNLFYJ YMJ WNXP TK FXTUJWFYNSLQJFXJX HMFSLJXNSKTWJNLSJ]HMFSLJWFYJXTSKTWJNLSHZWWJSH^FXXJYX FSI QNFGNQNYNJX FSI KTWJHFXYJI HFXM ưT\X IJSTRNSFYJI NS As lessor KTWJNLS HZWWJSHNJX 9MJ HTZSYJWUFWY^ YT YMJXJ HTSYWFHYX NX 7JSYFQ .SHTRJ KWTR TUJWFYNSL QJFXJX NX LJSJWFQQ^ LJSJWFQQ^ F GFSP )JWN[FYN[JX FWJ WJHTLSNXJI FSI RJFXZWJI WJHTLSNXJI TS FS XYWFNLMY QNSJ GFXNX T[JW YMJ YJWR TK FY KFNW [FQZJ &YYWNGZYFGQJ YWFSXFHYNTSX HTXYX FWJ WJHTLSNXJI YMJ WJQJ[FSY QJFXJ \MJWJ YMJ WJSYFQX FWJ XYWZHYZWJI NSXYFYJRJSYTKUWTƯYFSIQTXX XTQJQ^ YT NSHWJFXJ NS QNSJ \NYM J]UJHYJI LJSJWFQ NSưFYNTS YT HTRUJSXFYJ KTW YMJ (TRUFS^ŤX J]UJHYJI NSưFYNTSFW^ j. Property , Plant and Equipment and Intangible Assets cost increases, such increases are recognised in the year 5WTUJWY^ 5QFSY FSI *VZNURJSY FSI .SYFSLNGQJ &XXJYX NS\MNHMXZHMGJSJƯYXFHHWZJ 97 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As lessee JYH FWJ HTSXNIJWJI FX IJƯSJI HTSYWNGZYNTS UQFSX 7JSYFQ J]UJSXJ KWTR TUJWFYNSL QJFXJX NX LJSJWFQQ^ FSIFWJHMFWLJIFXFSJ]UJSXJGFXJITSYMJFRTZSY WJHTLSNXJI TS F XYWFNLMYQNSJ GFXNX T[JW YMJ YJWR TK YMJ TK HTSYWNGZYNTS WJVZNWJI YT GJ RFIJ FX FSI \MJS WJQJ[FSY QJFXJ 98 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) )NQZYJI JFWSNSLX UJW XMFWJ NX HTRUZYJI G^ IN[NINSL YMJ HWJINYXFSIZSZXJIYF]QTXXJXHFSGJZYNQNXJI UWTƯ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ƯHNJSY YF]FGQJ UWTƯYX \NQQ GJ F[FNQFGQJ HTZQI MF[J GJJS NXXZJI TS YMJ HTS[JWXNTS TK FQQ INQZYN[J YT FQQT\ FQQ TW UFWY TK YMJ FXXJY YT GJ WJHT[JWJI UTYJSYNFQ JVZNY^ XMFWJX 5TYJSYNFQ JVZNY^ XMFWJX FWJ )JKJWWJI YF] QNFGNQNYNJX FSI FXXJYX FWJ RJFXZWJI IJJRJI YT GJ INQZYN[J TSQ^ NK YMJNW HTS[JWXNTS YT JVZNY^ FY YMJ YF] WFYJX YMFY FWJ J]UJHYJI YT FUUQ^ NS YMJ XMFWJX \TZQI IJHWJFXJ YMJ SJY UWTƯY UJW XMFWJ KWTR UJWNTI NS \MNHM YMJ QNFGNQNY^ NX XJYYQJI TW YMJ FXXJY NX HTSYNSZNSL TWINSFW^ TUJWFYNTSX 5TYJSYNFQ INQZYN[J JVZNY^ WJFQNXJIGFXJITSYF]WFYJX FSIYF]QF\XYMFYMF[J XMFWJXFWJIJJRJIYTGJHTS[JWYJIFXFYYMJGJLNSSNSLTK GJJSJSFHYJITWXZGXJVZJSYQ^JSFHYJIG^YMJJSITK YMJ UJWNTI ZSQJXX YMJ^ MF[J GJJS NXXZJI FY F QFYJW IFYJ YMJWJUTWYNSLUJWNTI 9MJ INQZYN[J UTYJSYNFQ JVZNY^ XMFWJX FWJ FIOZXYJI KTW YMJ UWTHJJIX WJHJN[FGQJ MFI YMJ XMFWJX GJJS FHYZFQQ^ NXXZJI t. Impairment of tangible and intangible assets FYKFNW[FQZJ NJF[JWFLJRFWPJY[FQZJTKYMJTZYXYFSINSL XMFWJX )NQZYN[J UTYJSYNFQ JVZNY^ XMFWJX FWJ IJYJWRNSJI ,TTI\NQQ FSI NSYFSLNGQJ FXXJYX YMFY MF[J FS NSIJƯSNYJ NSIJUJSIJSYQ^ KTW JFHM UJWNTI UWJXJSYJI 9MJ SZRGJW ZXJKZQQNKJFWJSTYXZGOJHYYTFRTWYNXFYNTSFSIFWJYJXYJI TKJVZNY^XMFWJXFSIUTYJSYNFQQ^INQZYN[JJVZNY^XMFWJXFWJ FSSZFQQ^ KTW NRUFNWRJSY TW RTWJ KWJVZJSYQ^ NK J[JSYX FIOZXYJI KTW XMFWJ XUQNYXWJ[JWXJ XMFWJ XUQNYX FSI GTSZX or changes in circumstances indicate that they might XMFWJXFXFUUWTUWNFYJ GJ NRUFNWJI 4YMJW FXXJYX FWJ YJXYJI KTW NRUFNWRJSY whenever events or changes in circumstances indicate s. Income Tax YMFY YMJ HFWW^NSL FRTZSY RF^ STY GJ WJHT[JWFGQJ &S NRUFNWRJSY QTXX NX WJHTLSNXJI KTW YMJ FRTZSYX G^ \MNHM .SHTRJ YF] J]UJSXJ NSHQZIJX .SINFS FSI .SYJWSFYNTSFQ YMJ FXXJYŤX HFWW^NSL FRTZSY J]HJJIX NYX WJHT[JWFGQJ NSHTRJ YF]JX .SHTRJ YF] HTRUWNXJX TK YMJ HZWWJSY YF] FRTZSY 9MJ WJHT[JWFGQJ FRTZSY NX YMJ MNLMJW TK FS FSI SJY HMFSLJ NS IJKJWWJI YF] FXXJY TW QNFGNQNY^ NS YMJ FXXJYŤX KFNW [FQZJ QJXX HTXYX TK INXUTXFQ FSI [FQZJ NS ^JFW .SHTRJ YF] J]UJSXJ NX WJHTLSNXJI NS YMJ XYFYJRJSY ZXJ +TW YMJ UZWUTXJX TK FXXJXXNSL NRUFNWRJSY FXXJYX TKUWTƯYFSIQTXXJ]HJUYYTYMJJ]YJSYNYWJQFYJXYTNYJRX FWJ LWTZUJI FY YMJ QT\JXY QJ[JQX KTW \MNHM YMJWJ FWJ INWJHYQ^WJHTLSNXJINSTYMJWHTRUWJMJSXN[JNSHTRJ XJUFWFYJQ^ NIJSYNƯFGQJ HFXM NSưT\X \MNHM FWJ QFWLJQ^ F (ZWWJSY9F] 5WT[NXNTSKTWHZWWJSYYF]NXRFIJYFPNSL NSIJUJSIJSYTKYMJHFXMưT\XKWTRTYMJWFXXJYXTWLWTZU NSYT FHHTZSY YMJ FIRNXXNGQJ IJIZHYNTSXFQQT\FSHJX TK FXXJYX HFXMLJSJWFYNSL ZSNYX 3TSƯSFSHNFQ FXXJYX FSI NX XZGOJHY YT WJ[NXNTS GFXJI TS YMJ YF]FGQJ TYMJW YMFS LTTI\NQQ YMFY XZKKJWJI FS NRUFNWRJSY FWJ NSHTRJ KTW YMJ ƯXHFQ ^JFW JSINSL 2FWHM JFHM WJ[NJ\JI KTW UTXXNGQJ WJ[JWXFQ TK YMJ NRUFNWRJSY FY YMJ ^JFW 5WT[NXNTS KTW YF]FYNTS NSHQZIJX YF] QNFGNQNYNJX NS JSITKJFHMWJUTWYNSLUJWNTI .SINF TS YMJ (TRUFS^ŤX LQTGFQ NSHTRJ FX WJIZHJI G^ J]JRUYJI NSHTRJ FSI FS^ YF] QNFGNQNYNJX FWNXNSL u. Provisions T[JWXJFXTSNSHTRJXTZWHJIKWTRYMTXJHTZSYWNJX 5WT[NXNTSX FWJ WJHTLSNXJI \MJS YMJ (TRUFS^ MFX F UWJXJSY TGQNLFYNTS QJLFQ TW HTSXYWZHYN[J FX F WJXZQY TK F G )JKJWWJI 9F] )JKJWWJI YF] NX WJHTLSNXJI ZXNSL UFXY J[JSY NY NX UWTGFGQJ YMFY FSI TZYưT\ TK JHTSTRNH GFQFSHJXMJJYFUUWTFHM)JKJWWJINSHTRJYF]FXXJYX GJSJƯYX \NQQ GJ WJVZNWJI YT XJYYQJ YMJ TGQNLFYNTS FSI FSI QNFGNQNYNJX FWJ WJHTLSNXJI KTW IJIZHYNGQJ FSI F WJQNFGQJ JXYNRFYJ HFS GJ RFIJ TK YMJ FRTZSY TK YMJ YF]FGQJ YJRUTWFW^ INKKJWJSHJX FWNXNSL GJY\JJS YMJ TGQNLFYNTS YF] GFXJ NK FXXJYX FSI QNFGNQNYNJX FSI YMJNW HFWW^NSL FRTZSY NS YMJ ƯSFSHNFQ XYFYJRJSYX J]HJUY \MJS 9MJ FRTZSY WJHTLSNXJI FX F UWT[NXNTS NX YMJ GJXY YMJ IJKJWWJI NSHTRJ YF] FWNXJX KWTR YMJ NSNYNFQ JXYNRFYJ TK YMJ HTSXNIJWFYNTS WJVZNWJI YT XJYYQJ WJHTLSNYNTS TK LTTI\NQQ TW FS FXXJY TW QNFGNQNY^ NS F YMJ UWJXJSY TGQNLFYNTS FY YMJ JSI TK YMJ WJUTWYNSL YWFSXFHYNTS YMFY NX STY F GZXNSJXX HTRGNSFYNTS FSI UJWNTI YFPNSL NSYT FHHTZSY YMJ WNXPX FSI ZSHJWYFNSYNJX FKKJHYXSJNYMJWFHHTZSYNSLSTWYF]FGQJUWTƯYXTWQTXX XZWWTZSINSLYMJTGQNLFYNTS FYYMJYNRJTKYMJYWFSXFHYNTS 99 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Total Rights Market Market Develop- ment and Deployment Deployment –– – –– –– Rights Property Intellectual –––– –––– –––– –––– Software Computer Total – – – – Freehold Vehicles – Vehicles Furniture Furniture and Fixtures ––– ––– 4KƯHJ Equipment and Property, plant and equipmentProperty, Intangible Assets Electronic Electronic Computers Equipments provements Leasehold Im- – –– –– – –– –– Freehold Buildings – FXXJYX FXXJYX TK TK &UWNQ ^JFW ^JFW FRTWYNXFYNTS FRTWYNXFYNTS INXUTXFQ INXUTXFQ XY YMJ YMJ TS TS FY KTW KTW FX Description of Assets Description of and impairment *QNRNSFYJI J]UJSXJ Balance as at 31 March, 2016 as at 31 March, Balance )JUWJHNFYNTS 15.15 74.67 2,070.25 31.60 35.32 7.45 2,234.44 737.67 181.86 2,717.07 3,636.60 Balance as at 31 March, 2017 as at 31 March, Balance depreciation Accumulated II. 106.75 as at 1 April, 2015Balance 114.49)JUWJHNFYNTS 2,025.50 13.40 33.88 61.54 36.73 2,296.65 12.03 21.22 2,329.38 25.67 750.28 3.44 181.90 2,421.92 2,717.09 3,649.27 731.20 181.86 1,891.04 2,804.10 J]UJSXJ I. Gross Block I. Gross as at 1 April, 2015 Balance &IINYNTSX *QNRNSFYJI )NXUTXFQX )NXUTXFQX Balance as at 31 March, 2016 as at 31 March, Balance &IINYNTSX 106.75 114.49 2,201.00 33.65 36.41 12.03 2,504.33 747.37 181.90 2,717.09 3,646.36 Balance as at 31 March, 2017 as at 31 March, Balance Net block (I–II) 16.90 2017 Balance as on 31st March 95.46 1,808.34 33.49 36.24 10.32 2,000.75 744.30 181.90 2,717.09 3,643.29 Balance as on 31st March 2016 Balance as on 31st March 'FQFSHJ 3. Tangible and Intangible Assets 100 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 No. of Units Amount No. of Units Amount No. of Units Amount FINANCIAL ASSETS 4. NON CURRENT INVESTMENTS Investments (At Cost) :SVZTYJI.S[JXYRJSYX KZQQ^UFNIZUNS*VZNY^8MFWJXTK 101 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 No. of Units Amount No. of Units Amount No. of Units Amount 5. CURRENT INVESTMENT )JXNLSFYJIFX+FNW;FQZJ9MWTZLM5WTƯYFSI1TXX (FVTPL) Investments in Mutual Funds (Unquoted) 'NWQF8ZSQNKJ(FXM5QZX.SXYQ)FNQ^)N[NIJSI –– 2,129,166 7JNS[JXYRJSY 'NWQF8ZSQNKJ(FXM9WJFXZW^4UYNRN_JW5QFS 1,897,733 –– 7JNS[JXYRJSY -)+(1NVZNI+ZSI)N[NIJSI)FNQ^7JNS[JXY4UYNTS – – 10,516,182 -)+(+QTFYNSL7FYJ.SHTRJ+ZSI8MTWY9JWR5QFS 16,201,628 –– )N[NIJSI 0TYFP1NVZNI8HMJRJ5QFS&)FNQ^)N[NIJSI –– 7JQNFSHJQNVZNINY^+ZSI(FXMUQFS)FNQ^)N[NIJSI –– 7JNS[JXYRJSY 7JQNFSHJ1NVZNINY^+ZSI9WJFXZW^5QFS.SXYNYNYNTSFQ –– –– 4UYNTS)FNQ^)N[4UYNTS 7JQNFSHJ2JINZR9JWR+ZSI)FNQ^)N[NIJSI :9.9WJFXZW^&I[FSYFLJ+ZSI.SXYNYZYNTSFQ5QFS)FNQ^ –– )N[NIJSI7JNS[JXY 'FWTIF5NTSJJW1NVZNI+ZSI5QFS&)FNQ^)N[NIJSI 99,908 –– .)+((FXM+ZSI)FNQ^)N[NIJSI – – – – 105,309 .)+(8ZUJW8F[JW.SHTRJ+ZSI8MTWY9JWR5QFS – – 9,795,579 2TSYMQ^)N[NIJSI .)+(:QYWF8MTWY9JWR+ZSI7JLZQFW5QFS)FNQ^ –– )N[NIJSI .(.(.5WZIJSYNFQ1NVZNI5QFS)FNQ^)N[NIJSI – – 600,586 569,319 .(.(.5WZIJSYNFQ:QYWF8MTWY9JWR)NWJHY5QFS)FNQ^ –– )N[NIJSI Aggregate amount of unquoted investments carried 930.32 927.34 717.87 at FVTPL &LWJJLFYJFRTZSYTKZSVZTYJINS[JXYRJSYX 6. TRADE RECEIVABLES :SXJHZWJI Considered good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days 91 - 180 181- 360 More than days days 360 days* )JKFZQYWFYJ 5% 21% 50% 51% .SHFXJTKUWTGFGNQNY^TKSTSHTQQJHYNTSIJKFZQYWFYJ is 100% 102 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 Movement in the expected credit loss allowance For the For the year year ended ended March 31, March 31, 2017 2016 'FQFSHJFYYMJGJLNSSNSLTKYMJUJWNTI 2T[JRJSYNSJ]UJHYJIHWJINYQTXXFQQT\FSHJTSYWFIJ WJHJN[FGQJXHFQHZQFYJIFYQNKJYNRJJ]UJHYJIHWJINY losses* Provision at the end of the period 185.60 129.16 .SHQZIJKTWJNLSJ]HMFSLJưZHYZFYNTS 7. LOANS - NON CURRENT (Unsecured, considered good) 8JHZWNY^)JUTXNYX 1TFSXYT8ZGXNINFWNJX 7JKJW3TYJ 1,126.69 928.79 641.55 8. LOANS - CURRENT 8JHZWNY^)JUTXNYX 33.45 21.78 23.28 9. OTHER FINANCIALS ASSETS - NON CURRENT &I[FSHJXYT*RUQT^JJX 1.77 2.51 1.35 10. OTHER FINANCIALS ASSETS - CURRENT :SGNQQJI7J[JSZJ 7JKJW3TYJ 4YMJWWJHJN[FGQJXKWTRXZGXNINFWNJX 7JKJW3TYJ &I[FSHJXYT*RUQT^JJX &HHWZJI.SYJWJXYTSIJUTXNYX 4YMJWX NSHQZIJXIJWN[FYN[JFXXJYXJYH 1,999.47 2,289.32 2,428.36 1JXX &QQT\FSHJKTWTYMJWƯSFSHNFQFXXJYX 1,684.89 2,008.20 2,147.24 11. CASH AND CASH EQUIVALENTS Cash on hand 'FQFSHJX\NYMGFSP .S(ZWWJSY&HHTZSYX .S)JUTXNY&HHTZSYX *FWRFWPJI'FQFSHJX 'FQFSHJNS*XHWT\FHHTZSYKTWGZ^GFHPTKXMFWJX – 2FWLNSRTSJ^TS'FSP,ZFWFSYJJX 768.96 840.92 890.27 Notes: 9MJGFQFSHJYMFYRJJYXYMJIJƯSNYNTSTK(FXMFSI (FXMJVZN[FQJSYX )ZWNSLYMJ^JFWYMJ(TRUFS^MFIXUJHNƯJIGFSPSTYJXTWTYMJWIJSTRNSFYNTSSTYJFXIJƯSJINSYMJ2(&STYNƯHFYNTS,87 * IFYJI2FWHM TSYMJIJYFNQXTK8UJHNƯJI'FSP3TYJX 8'3MJQIFSIYWFSXFHYJIIZWNSLYMJUJWNTIKWTR3T[JRGJW YT )JHJRGJWYMJIJSTRNSFYNTS\NXJ8'3XFSITYMJWSTYJXFXUJWYMJSTYNƯHFYNTSNXLN[JSGJQT\ 103 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 SBNs* (`) Other Total (`) denomina- tion notes (`) (QTXNSLHFXMNSMFSIFXTS3T[JRGJW 11,500 3,555 15,055 &II 5JWRNYYJIWJHJNUYX – 1JXX 5JWRNYYJIUF^RJSYX – 18,356 18,356 1JXX &RTZSYIJUTXNYJINS'FSPX 11,500 – 11,500 (QTXNSLHFXMNSMFSIFXTS)JHJRGJW – 25,199 25,199 +TW YMJ UZWUTXJX TK YMNX HQFZXJ YMJ YJWRţ8UJHNƯJI 'FSP 3TYJXŤ XMFQQ MF[J YMJ XFRJ RJFSNSL UWT[NIJI NS YMJ STYNƯHFYNTS TK YMJ ,T[JWSRJSYTK.SINFNSYMJ2NSNXYW^TK+NSFSHJ)JUFWYRJSYTK*HTSTRNH&KKFNWXSZRGJW84 *IFYJIYMJ YM3T[JRGJW 12. OTHER NON CURRENT ASSETS :SXJHZWJI(TSXNIJWJILTTI (FUNYFQ&I[FSHJX 5WJUFNIJ]UJSXJX –– &I[FSHJ9F]FYNTS SJYTKUWT[NXNTSX +WNSLJ'JSJƯY9F] SJYTKUWT[NXNTSX 1,080.68 1,113.95 974.91 13. OTHER CURRENT ASSETS :SXJHZWJI(TSXNIJWJILTTI 5WJUFNI*]UJSXJX Balances with Statutory authorities &I[FSHJXYT;JSITWX 262.39 404.39 344.06 14. SHARE CAPITAL Authorised 2FWHM FSI&UWNQ *VZNY^8MFWJXTK` 10 each 2FWHMFSI&UWNQ 5WJKJWJSHJ8MFWJXTK` 10 each 1,500.00 1,500.00 1,500.00 Issued, Subscribed and Fully Paid up 2FWHM FSI&UWNQ 109,220,336) *VZNY^8MFWJXTK` JFHMKZQQ^UFNI 1,043.50 1,081.11 1,092.20 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Notes: A) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period: As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 Number of Number of Number of Amount Amount Amount Shares Shares Shares Equity Shares with voting rights 4UJSNSLGFQFSHJ 109,220,336 &II *]JWHNXJTK*RUQT^JJ8YTHP4UYNTS 5QFS 1JXX 'Z^GFHP 5,800,000 Closing balance 104,350,090 1,043.50 108,111,402 1,081.11 109,220,336 1,092.20 B) Details of shareholders holding more than 5% of the shares of the Company Number of Number of Number of % % % Shares Shares Shares Equity Shares with voting rights 4S2TGNQJ8^XYJRX.SH 50,923,703 50,923,703 50,923,703 C) Aggregate Number of shares allotted as fully paid up pursuant to contracts without payment being received in cash, bonus shares and GZ^GFHPTKXMFWJXKTWYMJUJWNTITKƯ[J^JFWXNRRJINFYJQ^UWJHJJINSLYMJ'FQFSHJ8MJJYIFYJ F N )ZWNSLYMJ^JFWJSIJI2FWHMYMJ(TRUFS^RFIJFGTSZXNXXZJTK XMFWJXNSYMJWFYNTTK YTYMJ XMFWJMTQIJWXG^HFUNYFQNXFYNTSTK8JHZWNYNJX5WJRNZRFHHTZSY NN )ZWNSLYMJ^JFWJSIJI2FWHMYMJ(TRUFS^MFXNXXZJIGTSZXJVZNY^XMFWJXTSJ]JWHNXJTKJQNLNGQJTUYNTSX G )ZWNSL YMJ ^JFW JSIJI 2FWHM FKYJW TGYFNSNSL FUUWT[FQ TK YMJ XMFWJMTQIJWX FSI HTRUQJYNTS TK YMJ KTWRFQNYNJX UWJXHWNGJI KTW GZ^GFHP TK JVZNY^ XMFWJX ZX & TK YMJ (TRUFSNJX &HY YMJ (TRUFS^ GTZLMY GFHP *VZNY^ 8MFWJX TK ` JFHM G^ ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK8JHZWNY^5WJRNZR&HHTZSYKTW` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH &&TKYMJ(TRUFSNJX&HY )ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ (TRUFS^ HTRUQJYJI YMJ FGT[J WJKJWWJI GZ^GFHP TK JVZNY^ XMFWJX FSI GTZLMY GFHP *VZNY^ 8MFWJX TK ` JFHM G^ ZYNQNXNSL YMJ 8JHZWNYNJX 5WJRNZR &HHTZSY (FUNYFQ 7JIJRUYNTS7JXJW[J MFX GJJS HWJFYJI TZY TK 8JHZWNY^ 5WJRNZR &HHTZSY KTW ` 2NQQNTS GJNSL YMJ STRNSFQ [FQZJ TK JVZNY^ XMFWJX GTZLMY GFHP NS YJWRX TK 8JH && TK YMJ (TRUFSNJX&HY H )ZWNSL YMJ ^JFW JSIJI 2FWHM FKYJW TGYFNSNSL FUUWT[FQ TK YMJ XMFWJMTQIJWX FSI HTRUQJYNTS TK YMJ KTWRFQNYNJX UWJXHWNGJI KTW GZ^GFHP TK JVZNY^ XMFWJX ZX TK YMJ (TRUFSNJX &HY YMJ (TRUFS^ GTZLMY GFHP *VZNY^ 8MFWJX TK ` JFHM G^ ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK8JHZWNY^5WJRNZR&HHTZSYKTW` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH TKYMJ(TRUFSNJX&HY I 9MJ(TRUFS^MFIRFIJFUZGQNHFSSTZSHJRJSYTS+JGWZFW^KTWGZ^GFHPTKRF]NRZRJVZNY^XMFWJXTK` 10 each KTW FS FRTZSY STY J]HJJINSL 7X 2NQQNTS &X TS 2FWHM YMJ GZ^ GFHP TK JVZNY^ XMFWJX KTW 7X 2NQQNTS \FXƯSFQNXJIFSIJ]JHZYJIG^ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK8JHZWNY^ 5WJRNZR &HHTZSY KTW ` 2NQQNTS GJNSL YMJ STRNSFQ [FQZJ TK JVZNY^ XMFWJX GTZLMY GFHP NS YJWRX TK 8JH TK YMJ (TRUFSNJX &HY )ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ (TRUFS^ HTRUQJYJI YMJ FGT[J WJKJWWJI GZ^GFHP TK JVZNY^ XMFWJX FSI GTZLMY GFHP *VZNY^8MFWJXTK`JFHMG^ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK 8JHZWNY^5WJRNZR&HHTZSYKTW` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH TKYMJ(TRUFSNJX &HY D) 9TYFQ SZRGJW TK 4UYNTSX TZYXYFSINSL ZSIJW [FWNTZX JRUQT^JJ XYTHP TUYNTS UQFSX YMFY FWJ HTS[JWYNGQJ NSYT JVZNY^ XMFWJX FX TS 2FWHM FWJ FY2FWHM FSI&UWNQ 7JKJW3TYJ E) Rights and restrictions attached to equity shares: 9MJ(TRUFS^MFXTSQ^TSJHQFXXTKJVZNY^XMFWJX\NYM[TYNSLWNLMYX TSJ[TYJUJWXMFWJ9MJIN[NIJSIUWTUTXJIG^YMJ'TFWITK)NWJHYTWXNX XZGOJHYYTFUUWT[FQTKYMJXMFWJMTQIJWXNSYMJ&SSZFQ,JSJWFQ2JJYNSL.SYMJJ[JSYTKQNVZNIFYNTSTKYMJ(TRUFS^YMJJVZNY^XMFWJMTQIJWX FWJJSYNYQJIYTWJHJN[JTSQ^YMJWJXNIZFQFXXJYXTKYMJ(TRUFS^9MJINXYWNGZYNTSTKIN[NIJSINXNSUWTUTWYNTSYTYMJSZRGJWTKJVZNY^XMFWJX MJQIG^YMJXMFWJMTQIJWX 105 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 15. OTHER EQUITY Capital Redemption Reserve &RTZSYJVZFQYTYMJHFSHJQQFYNTSTKYMJ(TRUFS^ŤX T\SJVZNY^NSXYWZRJSYXNXYWFSXKJWWJIYT(FUNYFQ redemption reserve 8JHZWNYNJX5WJRNZR&HHTZSY &RTZSYWJHJN[JITSNXXZJTKXMFWJXNSJ]HJXXTKUFW [FQZJMFXGJJSHQFXXNƯJIFXXJHZWNYNJXUWJRNZR Stock Options Outstanding The share option outstanding account is used to record YMJ [FQZJ TK JVZNY^XJYYQJI XMFWJ GFXJI UF^RJSY YWFSXFHYNTSX \NYM JRUQT^JJX 9MJ FRTZSYX WJHTWIJI NSYMNXFHHTZSYFWJYWFSXKJWWJIYTXMFWJUWJRNZRZUTS J]JWHNXJTKXYTHPTUYNTSXG^JRUQT^JJX General Reserve 9MNXWJUWJXJSYXFUUWTUWNFYNTSTKUWTƯYG^YMJ Company Retained Earnings 7JYFNSJIJFWSNSLXHTRUWNXJTKYMJ(TRUFS^ŤXUWNTW ^JFWXŤZSINXYWNGZYJIJFWSNSLXFKYJWYF]JX Other Comprehensive Income 4YMJW HTRUWJMJSXN[J NSHTRJ HTSXNXYX TK HZWWJSH^ YWFSXQFYNTSFSIWJRJFXZWJRJSYTKSJYIJƯSJIGJSJƯY QNFGNQNY^FXXJY 5,741.07 5,899.91 6,190.43 Distributions proposed: 9MJ 'TFWI TK )NWJHYTWX FY NYX RJJYNSL MJQI TS 2F^ MF[J WJHTRRJSIJI XZGOJHY YT FUUWT[FQ TK XMFWJMTQIJWX F IN[NIJSI TK ` UJW JVZNY^ XMFWJ TK ` JFHM .K FUUWT[JI YMNX \TZQI WJXZQY NS F HFXM TZYưT\ TK FUUWT]NRFYJQ^ ` 2NQQNTS NSHQZXN[J TK IN[NIJSIINXYWNGZYNTSYF] FINANCIAL LIABILITIES 16. TRADE PAYABLE 9TYFQTZYXYFSINSLIZJXTKHWJINYTWX 1,065.13 1,015.56 1,421.39 17. PROVISIONS - NON CURRENT 5WT[NXNTSKTWJRUQT^JJGJSJƯYX 5WT[NXNTSKTW(TRUJSXFYJI&GXJSHJX 48.88 40.70 40.70 18. PROVISIONS - CURRENT 5WT[NXNTSKTWJRUQT^JJGJSJƯYX 7JKJW3TYJ 5WT[NXNTSKTW(TRUJSXFYJI&GXJSHJX 5WT[NXNTSKTW,WFYZNY^ 3JY 26.76 27.68 15.95 106 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 19. OTHER FINANCIAL LIABILITIES 8MFWJFUUQNHFYNTS2TSJ^ 7JKJW3TYJ –– 5F^FGQJTSUZWHMFXJTK+N]JI&XXJYX 9TYFQTZYXYFSINSLIZJXTKHWJINYTWX 4YMJWX – 78.56 109.55 148.95 20. OTHER CURRENT LIABILITES .SHTRJWJHJN[JINSFI[FSHJ:SJFWSJIWJ[JSZJ 4YMJW5F^FGQJX Statutory remittances 4YMJWQNFGNQNY^ 7JKJW3TYJ 163.71 263.09 267.15 For the year ended March For the year ended March 31, 2017 31, 2016 21 7J[JSZJ 7J[JSZJKWTR;FQZJ&IIJI8JW[NHJX 3,049.98 3,331.55 22. OTHER INCOME .SYJWJXYNSHTRJTSƯSFSHNFQFXXJYXFYFRTWYNXJIHTXY +WTR'FSPXTSIJUTXNYX +WTR8ZGXNINFWNJXTSQTSLYJWRQTFSX 4S.SHTRJ9F]WJKZSI – )N[NIJSINSHTRJ +TWJNLS*]HMFSLJ,FNS 3JY 4YMJW3TS4UJWFYNSL.SHTRJ 5WT[NXNTSXSTQTSLJWWJVZNWJI\WNYYJSGFHP – 5WTƯYTS8FQJTK+N]JI&XXJYX 3JY 7JSYFQ.SHTRJKWTR4UJWFYNSLQJFXJX 2NXHJQQFSJTZX.SHTRJ 395.79 241.10 23. Cost of Sales and Services (TSYJSYKJJFSIWT^FQY^ (TXYTKXTKY\FWJQNHJSHJXFSITYMJWHMFWLJX 639.36 729.38 107 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended March For the year ended March 31, 2017 31, 2016 24. EMPLOYEE BENEFIT EXPENSES Salaries and wages *RUQT^JJXYTHPGFXJIHTRUJSXFYNTS 7JKJW3TYJ (TSYWFHYTWX*]UJSXJX (TSYWNGZYNTSYTUWT[NIJSYKZSIFSITYMJWKZSIX 7JKJW3TYJ 25. DEPRECIATION AND AMORTISATION EXPENSE )JUWJHNFYNTSTSUWTUJWY^UQFSYFSIJVZNURJSY &RTWYNXFYNTSTKNSYFSLNGQJFXXJYX 114.35 975.15 26. OTHER EXPENSES 5T\JWFSI+ZJQ 7JSY 7JKJW3TYJ Insurance 7JUFNWXFSI2FNSYJSFSHJ 2FHMNSJW^ 4YMJWX 4KƯHJRFNSYJSFSHJ 7FYJXFSIYF]JX 5WNSYNSLFSIXYFYNTSJW^ 5TXYFLJHTZWNJWFSITHYWTN Communication charges 9WFNSNSLFSI7JHWZNYRJSYJ]UJSXJX Travelling and conveyance 1JLFQUWTKJXXNTSFQ HTSXZQYFSH^HMFWLJX Commission to non whole time directors 7JRZSJWFYNTSYTFZINYTWX 7JKJW3TYJGJQT\ 2FWPJYNSLJ]UJSXJX 'ZXNSJXXIJ[JQTURJSYJ]UJSXJX 'FIIJGYX\WNYYJSTKK 1JXX 5WT[NXNTSKTWITZGYKZQIJGYXWJQJFXJI – 5WT[NXNTSKTW)TZGYKZQIJGYX 'WTPJWFLJFSI(TRRNXXNTS (TWUTWFYJ8THNFQ7JXUTSXNGNQNY^ (87*]UJSXJX 'FSPHMFWLJX 2NXHJQQFSJTZXJ]UJSXJX 953.13 889.87 108 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended March For the year ended March 31, 2017 31, 2016 Note: AUDITOR’S REMUNERATION As auditor: &ZINYKJJ 9F]FYNTSRFYYJWX 4YMJWXJW[NHJX 7JNRGZWXJRJSYTKJ]UJSXJXFSIQJ[NJX 10.77 9.32 27. INCOME TAX .SHTRJYF]J]UJSXJNSYMJXYFYJRJSYTKUWTƯYFSIQTXXHTSXNXYTK (ZWWJSYNSHTRJYF] .SWJXUJHYTKHZWWJSYUJWNTI .SWJXUJHYTKUWJ[NTZXUJWNTI Deferred tax .SWJXUJHYTKHZWWJSYUJWNTI .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXX 64.20 168.24 Income tax recognised in other comprehensive income 3JYQTXX LFNSTSWJRJFXZWJRJSYTKIJƯSJIGJSJƯYUQFS 3JYQTXX LFNSTSJ]HMFSLJINKKJWJSHJNSYWFSXQFYNSLYMJƯSFSHNFQXYFYJRJSYTK KTWJNLSTUJWFYNTSX – (3.29) 12.00 9MJWJHTSHNQNFYNTSGJY\JJSYMJUWT[NXNTSTKNSHTRJYF]TKYMJ(TRUFS^FSIFRTZSYXHTRUZYJIG^FUUQ^NSLYMJNSINFSXYFYZYTW^NSHTRJ YF]WFYJYTUWTƯYGJKTWJYF]JXNXFXKTQQT\X For the year ended For the year ended March 31, 2017 March 31, 2016 5WTƯYGJKTWJYF] *SFHYJINSHTRJYF]WFYJNS.SINF HTRUZYJIJ]UJHYJIYF]J]UJSXJ Effect of: .SHTRJYMFYNXJ]JRUYKWTRYF] *]UJSXJXYMFYFWJSTYIJIZHYNGQJNSIJYJWRNSNSLYF]FGQJUWTƯY .SHTRJXZGOJHYYTINKKJWJSYYF]WFYJX – 4YMJWX .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXX 64.20 168.24 9MJYF]WFYJXZSIJW.SINFS.SHTRJ9F]&HYKTWYMJ^JFWJSIJI2FWHM FSI2FWHMNX 109 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Deferred tax )JKJWWJIYF]FXXJYX QNFGNQNYNJXFXFY2FWHM FWJFXKTQQT\X Recognised Recognised March 31, April 1, 2016 NS5WTƯYFSI in OCI 2017 loss )NKKJWJSHJGJY\JJSGTTPFSIYF]IJUWJHNFYNTS – 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJXLWFYZNY^ITZGYKZQIJGYXJYH 2&9(WJINY*SYNYQJRJSY – 250.48 109.59 3.29 363.36 )JKJWWJIYF]FXXJYX QNFGNQNYNJXFXFY2FWHMFWJFXKTQQT\X April 1, 2015 Recognised Recognised March 31, NS5WTƯYFSI in OCI 2016 loss )NKKJWJSHJGJY\JJSGTTPFSIYF]IJUWJHNFYNTS – 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJXLWFYZNY^ITZGYKZQIJGYXJYH 2&9(WJINY*SYNYQJRJSY – 326.91 (77.50) 1.07 250.48 28 8MFWJFUUQNHFYNTSRTSJ^WJUWJXJSYXFRTZSYXWJHJN[JIKWTRYMJJRUQT^JJXFLFNSXYJRUQT^JJXYTHPTUYNTSXUJSINSLFQQTYRJSY 29 A. Contingent liabilities F )NXUZYJI 8JW[NHJ YF] ` 2NQQNTS FY 2FWHM ` 2NQQNTS FSI FY &UWNQ ` 2NQQNTS INXUZYJI .SHTRJ 9F] ` 2NQQNTS FY 2FWHM ` 2NQQNTS FSI FY &UWNQ ` 2NQQNTS FSI INXUZYJI ;FQZJ FIIJI YF] ` 2NQQNTS 5WJ[NTZX^JFW 3NQ G 'FSP,ZFWFSYJJXLN[JSKTWQTFSXF[FNQJIG^XZGXNINFW^ 4S2TGNQJ1N[J.SH3NQ FY2FWHMFSI&UWNQ ` 2NQQNTS9MJ TZYXYFSINSLFLFNSXYYMJXFRJFXTS2FWHM 3NQ FY2FWHM ` 2NQQNTSFSIFY&UWNQ ` 2NQQNTS H (QFNRXFLFNSXYYMJ(TRUFS^STYFHPST\QJILJIFXIJGYNX` 2NQQNTS 2FWHM 3NQ &UWNQ 3NQ B. Capital Commitments *XYNRFYJIFRTZSYTKHTSYWFHYX SJYTKFI[FSHJXWJRFNSNSLYTGJJ]JHZYJITSHFUNYFQFHHTZSYFSISTYUWT[NIJIKTWNX` 2NQQNTS FY 2FWHM ` 2NQQNTSFSIFY&UWNQ ` 2NQQNTS 30 Loans to Subsidiaries 9MJ(TRUFS^MFXLN[JSQTFSYTNYXXZGXNINFWNJXKTW\TWPNSLHFUNYFQWJVZNWJRJSYUZWUTXJYMJIJYFNQXTK\MNHMFWJLN[JSGJQT\FSI\MNHMNSYMJ TUNSNTSTKYMJ2FSFLJRJSYNXWJFQNXFGQJNSKZQQ Maximum Maximum As at As at amount due amount due Particulars March 31, March 31, at any time at any time 2017 2016 during the during the year 2016-17 year 2015-16 8ZGXNINFWNJX 4S2TGNQJ,QTGFQ(_JHM7JUZGQNH874 4S2TGNQJ5TWYZLFQ8,58:SNUJXXTFQ1)& ?TSF+WFSHF)F2FIJNWF 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI 4S2TGNQJ9ZWPJ^9JQJPTRZSNPFX^TS8NXYJRQJWN1NRNYJI8NWPJYN 4S2TGNQJ:8&11( 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI ––– Total 1,080.33 882.71 1,130.84 913.41 110 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) 31 4YMJWQNFGNQNY^NSHQZIJX` 2NQQNTS '71 2NQQNTS FY2FWHM ` 2NQQNTS '71 2NQQNTSFSIFY&UWNQ ` 2NQQNTS '71 2NQQNTSUF^FGQJYTFHZXYTRJWNS'WF_NQYT\FWIXIJUQT^NSL[FQZJFIIJIXJW[NHJXTSFSJ]HQZXN[JGFXNXNSYMJWJLNTS *RUQT^JJ'JSJƯYX . )JƯSJI(TSYWNGZYNTS5QFSX )ZWNSLYMJ^JFWYMJ(TRUFS^MFXWJHTLSN_JIYMJKTQQT\NSLFRTZSYXNSYMJ8YFYJRJSYTK5WTƯYFSI1TXX For the year ended For the year ended Particulars * March 31, 2017 March 31, 2016 *RUQT^JWŤX(TSYWNGZYNTSYT5WT[NIJSY+ZSI (TSYWNGZYNTSKTW+TWJNLS'WFSHMJX .SHQZIJINS3TYJ .. )JƯSJI'JSJƯY5QFSX Gratuity &RTZSYWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXXNSWJXUJHYTKLWFYZNY^HTXYNXFXKTQQT\X For the year ended For the year ended Particulars * March 31, 2017 March 31, 2016 Gratuity Cost Current Service Cost Interest Cost *]UJHYJI7JYZWSTS5QFS&XXJYX 7JRJFXZWJRJSYFHYZFWNFQ LFNSQTXXWJHTLSNXJINS4(. Net Gratuity Cost 22.68 15.44 Assumptions )NXHTZSY7FYJ UF UF Salary increase UFKTWƯWXY UFKTWƯWXY ^JFWXFSI UF ^JFWXFSI UF YMJWJFKYJW YMJWJFKYJW 9MJ JXYNRFYJX TK WFYJ TK JXHFQFYNTS NS XFQFW^ HTSXNIJWJI NS FHYZFWNFQ [FQZFYNTS YFPJ NSYT FHHTZSY NSưFYNTS XJSNTWNY^ UWTRTYNTS FSI TYMJW WJQJ[FSYKFHYTWXNSHQZINSLXZUUQ^FSIIJRFSINSYMJJRUQT^RJSYRFWPJY 9MJJ]UJHYJIWFYJTKWJYZWSTSUQFSFXXJYXNXGFXJITSYMJF[JWFLJQTSLYJWRWFYJTKWJYZWSJ]UJHYJITSNS[JXYRJSYXTKYMJKZSIIZWNSLYMJ JXYNRFYJIYJWRTKTGQNLFYNTS 9MJKTQQT\NSLYFGQJXJYXTZYYMJXYFYZXTKYMJLWFYZNY^UQFS As at As at As at Particulars March 31, 2017 March 31, 2016 April 1, 2015 (MFSLJNS5WTOJHYJIGJSJƯY4GQNLFYNTSX 4GQNLFYNTSFYYMJGJLNSSNSLTKYMJUJWNTI Current Service Cost .SYJWJXYTS)JƯSJI'JSJƯY4GQNLFYNTS 'JSJƯYXXJYYQJI 7JRJFXZWJRJSYFHYZFWNFQLFNS QTXX Obligation at the end of the period 96.87 83.16 76.73 Change in plan assets: 4UJSNSL+FNW;FQZJTK5QFS&XXJYX *]UJHYJI7JYZWSTS5QFS&XXJYX 111 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at As at As at Particulars March 31, 2017 March 31, 2016 April 1, 2015 7JRJFXZWJRJSYFHYZFWNFQLFNS QTXX (TSYWNGZYNTSXG^*RUQT^JW SJYTKWNXPUWJRNZRJYH 'JSJƯYXXJYYQJI Closing Fair Value of Plan Assets 74.82 60.68 62.76 7JHTSHNQNFYNTSTK5WJXJSY;FQZJTK)JƯSJI'JSJƯY4GQNLFYNTSFSIYMJ+FNW;FQZJTK5QFS&XXJYX 5WJXJSY[FQZJTKIJƯSJIGJSJƯYTGQNLFYNTS +FNW;FQZJTK5QFS&XXJYX &XXJY 1NFGNQNY^WJHTLSNXJI (22.05) (22.48) (13.97) Sensitivity analysis 7JFXTSFGQ^UTXXNGQJHMFSLJXFYYMJWJUTWYNSLIFYJYTTSJTKYMJWJQJ[FSYFHYZFWNFQFXXZRUYNTSXMTQINSLTYMJWFXXZRUYNTSXHTSXYFSY\TZQI MF[JJKKJHYJIYMJIJƯSJIGJSJƯYTGQNLFYNTSG^YMJFRTZSYXMT\SGJQT\ At at March 31, 2017 At at March 31, 2016 Increase Decrease Increase Decrease )NXHTZSYWFYJ RT[JRJSY 5.00 (5.32) Future salary growth (1% movement) 2FYZWNY^UWTƯQJTKIJƯSJIGJSJƯYTGQNLFYNTS Particulars As at March 31, 2017 As at March 31, 2016 Within 1 year ^JFWX ^JFWX More than 10 years *XYNRFYJTKFRTZSYTKHTSYWNGZYNTSNSYMJNRRJINFYJQ^SJ]Y^JFW`2NQQNTS &XFY2FWHM 2FWHMFSI&UWNQ TKYMJUQFSFXXJYX\JWJNS[JXYJINSNSXZWJWRFSFLJIKZSIX ... 4YMJWQTSLYJWRGJSJƯYX (TXYTKHTRUJSXFYJIFGXJSHJXJ]UJSXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXX For the year ended For the year ended Particulars* March 31, 2017 March 31, 2016 (TRUJSXFYJIFGXJSHJX .SHQZIJINS3TYJ &HYZFWNFQFXXZRUYNTSXKTW(TRUJSXFYJIFGXJSHJXFWJXFRJFXINXHQTXJIFGT[JKTW,WFYZNY^ 33 Operating lease: 9MJ(TRUFS^NXTGQNLFYJIZSIJWSTSHFSHJQQFGQJTUJWFYNSLQJFXJKTWTKƯHJXUFHJ 9TYFQWJSYFQJ]UJSXJFSIKZYZWJQJFXJUF^RJSYXZSIJWSTSHFSHJQQFGQJTUJWFYNSLQJFXJKTWTKƯHJXUFHJFWJFXKTQQT\X 112 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 *]UJSXJXWJHTLSNXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXXZSIJWSTS HFSHJQQFGQJTUJWFYNSLQJFXJ Future lease payments under non- cancellable leases: 3TYQFYJWYMFS^JFW 1FYJWYMFS^JFWFSISTYQFYJWYMFS^JFWX &IINYNTSFQQ^YMJHTRUFS^QJFXJTKƯHJKFHNQNYNJXZSIJWHFSHJQQFGQJTUJWFYNSLQJFXJXKTWTKƯHJXUFHJ 7JSYFQJ]UJSXJZSIJWHFSHJQQFGQJTUJWFYNSLQJFXJ 34 Employee Stock Option Plans 9MJ(TRUFS^NSXYNYZYJIYMJ*RUQT^JJ8YTHP4UYNTS5QFS *845\MNHM\JWJFUUWT[JIG^YMJ'TFWITK)NWJHYTWX*FHMTUYNTSNXJSYNYQJIYT JVZNY^XMFWJTK`JFHM&QQTUYNTSXJ]UNWJXNS^JFWXFKYJWYMJ[JXYNSLIFYJ)JYFNQXTK*845X\NYMYMJYJWRXTK[JXYNSLFWJFXKTQQT\X Total options Board approval Share holder’s Plan appropriated Terms of Vesting date approval date before bonus 4S2TGNQJ*RUQT^JJX 4HY *]YWF4WINSFW^ 1,026,000 TK XZHM 4UYNTSX LWFSYJI \TZQI [JXY FY YMJ 8YTHP4UYNTS5QFSŠ. ,JSJWFQ2JJYNSL JSI TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ held on March 5, 4UYNTSJJ GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ 4S2TGNQJ*RUQT^JJX )JH 3T[JRGJW FSI YMJ WJRFNSNSL \TZQI [JXY FY F WFYJ TK 8YTHP4UYNTS5QFSŠ.. 29, 2003 and YM UJW RTSYM KTW YMJ SJ]Y YMNWY^ XN] )JHJRGJW RTSYMXKWTRYMJƯWXY[JXYNSL 2003 4S2TGNQJ*RUQT^JJX /ZQ /ZQ 61,567 TK XZHM 4UYNTSX LWFSYJI \TZQI [JXY FY YMJ 8YTHP4UYNTS5QFSŠ... JSI TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ 2006 4UYNTSJJ GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ FSI YMJ WJRFNSNSL \TZQI [JXY FY F WFYJ TK YM UJW RTSYM KTW YMJ SJ]Y YMNWY^ XN] RTSYMXKWTRYMJƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX /ZQ &ZL 975,000 TKYMJ4UYNTSXLWFSYJI\TZQI[JXYFYYMJ 8YTHP4UYNTS5QFSŠ. JSITKY\JQ[J RTSYMXKWTRYMJIFYJTKYMJ grant and the remaining 75% would vest at a rate TKYMUJWRTSYMKTWYMJSJ]YYMNWY^XN] RTSYMXKWTRYMJƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX /ZQ &ZL FSI TK YMJ TUYNTSX LWFSYJI 8YTHP4UYNTS5QFS.. \TZQI [JXY FY YMJ JSI TK TSJ ^JFW Y\T ^JFWX YMWJJ ^JFWX FSI KTZW ^JFWX KWTR YMJ LWFSY IFYJ WJXUJHYN[JQ^ 4S2TGNQJ*RUQT^JJX 2FW &UW 26,000 TK YMJ 4UYNTSX \TZQI [JXY T[JW F UJWNTI TK 8YTHP4UYNTS5QFSŠ. KTZW^JFWX 4S2TGNQJ*RUQT^JJX 4HY &ZL 100,000 TK YMJ TUYNTSX LWFSYJI \TZQI [JXY FY YMJ 8YTHP4UYNTS5QFS.. JSITKY\T^JFWX 113 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Total options Board approval Share holder’s Plan appropriated Terms of Vesting date approval date before bonus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ƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX /ZQ &ZL 26,680 TK XZHM 4UYNTSX LWFSYJI \TZQI [JXY FY YMJ 8YTHP4UYNTS5QFS... JSI TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ 4UYNTSJJ GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ FSI YMJ WJRFNSNSL \TZQI [JXY FY F WFYJ TK YM UJW RTSYM KTW YMJ SJ]Y YMNWY^ XN] RTSYMXKWTRYMJƯ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otes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) &QQYMJFGT[JUQFSXFWJXNRNQFWNSSFYZWJFSIMJSHJFLLWJLFYJI3ZRGJWXTKFLLWJLFYJITUYNTSXLWFSYJIJ]JWHNXJIFSIKTWKJNYJIIZWNSLYMJ ^JFWZSIJWYMJFGT[JUQFSXFWJLN[JSGJQT\ Year ended March 31, 2017 Year ended March 31, 2016 Particulars Weighted average Weighted average Number of Options exercise price (`) Number of Options exercise price (`) per option per option 4UYNTSXLWFSYJITZYXYFSINSLFYYMJGJLNSSNSLTK 5,579,391 the year ,WFSYJIIZWNSLYMJ^JFW *]JWHNXJIIZWNSLYMJ^JFW +TWKJNYJIIZWNSLYMJ^JFW (708,129) (526,213) 1FUXJIIZWNSLYMJ^JFW (182,687) (7,050) 4UYNTSXLWFSYJITZYXYFSINSLFYYMJJSITKYMJ^JFW 5,579,391 *]JWHNXFGQJFYYMJJSITKYMJUJWNTI 7FSLJTKJ]JWHNXJUWNHJ FKYJWFIOZXYNSLKTWGTSZX ` YT` ` YT` issue) 9MJ KFNW [FQZJ TK JFHM ZSNY ZSIJW YMJ FGT[J RJSYNTSJI UQFSX LWFSYJI IZWNSL YMJ ^JFW NX JXYNRFYJI ZXNSL YMJ 'QFHP8HMTQJX RTIJQ \NYM YMJ KTQQT\NSLFXXZRUYNTSX Grant date 30 May 2016 29 Jul 2016 11 Nov 2016 16 Dec 2016 9 Feb 2017 24 Mar 2017 35 Transactions with related parties: I List of Related parties and relationship: Sl No. Relationship Related parties (i) Subsidiaries 4S2TGNQJ8NSLFUTWJ5YJ1YI 594S2TGNQJ.SITSJXNF 4S2TGNQJ8& XZGXNINFW^TK4S2TGNQJ*ZWTUJ'; 4S2TGNQJ*ZWTUJ'; 4S2TGNQJ8JW[NHNTX(TWUTWFYN[TX)J9JQJKTSNF8&)*(; 8JW[NHNTX)J9JQJKTSNF4S2TGNQJ8&)*(; 4S2TGNQJ:8&11( 4S2TGNQJ,QTGFQ8& 4S2TGNQJ'WFXNQ8NXYJRFX)J;FQTW&LWJLFIT5FWF(TRZSNHFHTJX2T[JNX1YIF 4S2TNGQJ,QTGFQKTW9JQJHTRRZSNHFYNTS8JW[NHJX 4S2TGNQJ8JSJLFQ8&71 4S2TGNQJ)J;JSJ_ZJQF(& XZGXNINFW^TK4S2TGNQJ:8&11( 4S2TGNQJ1FYFRMTQINSLX81 XZGXNINFW^TK4S2TGNQJ:8&11( 115 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Sl No. Relationship Related parties 4S2TGNQJ2FQN8&71 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI 4S2TGNQJ0JS^F9JQJHTR1NRNYJI 4S2TGNQJ(TXYF7NHF4'(78& 4S2TGNQJ,MFSF9JQJHTR1NRNYJI 4S2TGNQJ2FIFLFXHFW9JQJHTR1NRNYJI 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI 4S2TGNQJ9JQJHTR8NJWWF1JTSJ1NRNYJI 4S2TGNQJ9FS_FSNF9JQJHTR1NRNYJI 4S2TGNQJ,QTGFQ8UFNS81: 4S2TGNQJ:WZLZF^8& 4S2TGNQJ:LFSIF1NRNYJI 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI 4S2TGNQJ,QTGFQ.YFQ^871 4S2TGNQJ9JQJHTR1NRNYJI 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS8NXYJRQJWN1NRNYJIċNWPJYN 4SRTGNQJ9JQJHTR'ZWPNSF+FXT8&71 4S2TGNQJ5TWYZLFQ8,58:SNUJXXTFQ1)& ?TSF+WFSHF)F2FIJNWF 4S2TGNQJ1N[J.SH XZGXNINFW^TK4S2TGNQJ:8&11( +TSJXYFW_2JINF,WTZU1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH IF^:01NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH +TSJXYFW_2JINF QNHJSXNSL1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH )FNZX1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH +TSJXYFW_1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH 1N[J\NWJ2TGNQJ &ZXYWFQNF59>1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH +TSJXYFW_2JINF1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH 4S2TGNQJ,QTGFQ(_JHM7JUZGQNHXWT 4S2TGNQJ,QTGFQ1NRNYJI(TQTRGNF8&8 4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF1NRNYJI 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59>1NRNYJI (ii) Other related parties with whom the Company had transactions Key Management Personnel 7FON[5FSHMTQ^2FSFLNSL)NWJHYTWFSI(MNJK*]JHZYN[J4KƯHJW YNQQ YM+JG +WFSHTNX(MFWQJX8NWTNX*]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW 7FON[0MFNYFS.SIJUJSIJSY)NWJHYTW 3FSH^(WZNHPXMFSP.SIJUJSIJSY)NWJHYTW 8FSOF^'F\JOF.SIJUJSIJSY)NWJHYTW 3JMHMFQ8FSIMZ.SIJUJSIJSY)NWJHYTW 5FXHFQ9WJRGQF^.SIJUJSIJSY)NWJHYTW 3FWJXM2FQMTYWF.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ -FWNY3FLUFQ.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ 'WZST)ZHMFWRJ.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ 5WF[JJS0ZRFW0/(MNJK+NSFSHNFQ4KƯHJW 5;;FWFUWFXFI(TRUFS^8JHWJYFW^ (iii) Associate 2TGNQJ;TNHJ0TSSJHY5WN[FYJ1NRNYJI (iv) Enterprises owned or 4S2TGNQJ8^XYJRX.SH:8& XNLSNƯHFSYQ^NSưZJSHJIG^ PJ^RFSFLJRJSYUJWXTSSJQ Directors or their relatives 116 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) II Transactions with Related Parties: Subsidiary Companies Key Management Personnel Total Sl Nature of transactions No March 31, March 31, March 31, March 31, March 31, March 31, 2017 2016 2017 2016 2017 2016 1 Income from services 4S2TGNQJ8NSLFUTWJ5YJ1YI –– 4S2TGNQJ,QTGFQKTW –– Telecommunication Services 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW – ––– &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX 1YIF 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI –– 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59> –– 1NRNYJI 4S2TGNQJ,MFSF9JQJHTR1NRNYJI –– 4S2TGNQJ9JQJHTR 811NRNYJI – ––– 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI ––– – 4S2TGNQJ:WZLZF^8& ––– – 4S2TGNQJ9JQJHTR1NRNYJI –– 4S2TGNQJ(TXYF7NHF4'(78& –– 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI –– 4S2TGNQJ,QTGFQ8UFNS81: –– 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI – ––– Total 720.27 678.49 – – 720.27 678.49 2 'ZXNSJXX)J[JQTURJSYJ]UJSXJX reversals 594S2TGNQJ.SITSJXNF – ––– 4S2TGNQJ:8&11( –– 4S2TGNQJ0JS^F9JQJHTR1NRNYJI –– 4S2TGNQJ:LFSIF1NRNYJI – ––– 4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF –– 1NRNYJI Total 176.27 232.36 – – 176.27 232.36 3 Transfer of Corporate Costs 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW –– &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX 1YIF 4S2TGNQJ,QTGFQKTW – ––– Telecommunication Services 4S2TGNQJ8NSLFUTWJ5YJ1YI –– 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI – ––– 4S2TGNQJ,QTGFQ8UFNS81: –– 4S2TGNQJ(TXYF7NHF4'(78& –– Total 253.11 250.49 – – 253.11 250.49 4 Transfer of Marketing rights 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW – ––– &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX1YIF 8JW[NHNTX)J9JQJKTSNF4S2TGNQJ8& – ––– )*(; 4S2TGNQJ:WZLZF^8& – ––– 4S2TGNQJ,QTGFQ1NRNYJI(TQTRGNF8&8 – ––– 4S2TGNQJ,QTGFQ8UFNS81: – ––– Total – 293.86 – – – 293.86 117 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Subsidiary Companies Key Management Personnel Total Sl Nature of transactions No March 31, March 31, March 31, March 31, March 31, March 31, 2017 2016 2017 2016 2017 2016 5 Transfer of Data centre costs absorbed 4S2TGNQJ:8&11( –– Total 45.10 35.94 – – 45.10 35.94 6 Transfer of cross charge absorbed. 4S2TGNQJ0JS^F9JQJHTR1NRNYJI – ––– Total – 2.19 – – – 2.19 7 Cost of hardware and software development charges 4S2TGNQJ8& – ––– Total – 7.72 – – – 7.72 8 Remuneration to Key management personnel (Refer Note 3 below) 8MTWYYJWRJRUQT^JJGJSJƯYX –– 8MFWJGFXJIUF^RJSY –– 4YMJWX –– Total – – 99.59 70.13 99.59 70.13 9 Dividend Income 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW ––– – &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX 1YIF 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI ––– – Total 237.08 – – – 237.08 – 10 Interest Income 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI –– 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS –– 8NXYJRQJWN1NRNYJIċNWPJYN 4S2TGNQJ:8&11( –– 4S2TGNQJ5TWYZLFQ8,58 –– 4S2TGNQJ,QTGFQ(_JHM7JUZGQNHXWT –– Total 41.82 25.79 – – 41.82 25.79 11 Purchase of Fixed Assets 4S2TGNQJ0JS^F9JQJHTR1NRNYJI – ––– 4SRTGNQJ9JQJHTR'ZWPNSF+FXT8&71 – ––– Total – 2.70 – – – 2.70 12 Investments made during the year in 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59> –––––– 1NRNYJI .37 4S2TGNQJ,QTGFQKTW ––– – Telecommunication Services Total 0.30 – – – 0.30 – 13 Recovery of Expenses from 4S2TGNQJ8NSLFUTWJ5YJ1YI –– 4S2TGNQJ1N[J.SH –– Total 17.59 24.07 – – 17.59 24.07 14 Reimbursement of Expenses to 4S2TGNQJ8& –– Total 122.02 100.30 – – 122.02 100.30 118 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Subsidiary Companies Key Management Personnel Total Sl Nature of transactions No March 31, March 31, March 31, March 31, March 31, March 31, 2017 2016 2017 2016 2017 2016 15 Transfer of Fixed Assets, AMC, Content Cost, Freight and Insurance 4S2TGNQJ8NSLFUTWJ5YJ1YI –– 4S2TGNQJ,QTGFQ8UFNS81: – ––– 4SRTGNQJ9JQJHTR'ZWPNSF+FXT8&71 – ––– 4S2TGNQJ:8&11( – ––– Total 1.07 1.97 – – 1.07 1.97 16 1TFSX&I[FSHJXLN[JS 4S2TGNQJ:8&11( –– 7FON[5FSHMTQ^ ––– – 23.19 19.08 – 8.15 23.19 27.23 17 Prepaid Expenses 4S2TGNQJ8& – – – – Total 1.97 – – – 1.97 – 18 Trade Payables 4S2TGNQJ8NSLFUTWJ5YJ1YI – – 594S2TGNQJ.SITSJXNF – – – – 4S2TGNQJ8& – – 8JW[NHNTX)J9JQJKTSNF4S2TGNQJ8F – – )J([ 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW – – &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX 1YIF 4S2TGNQJ(TXYF7NHF4'(78& – – – – 4S2TGNQJ1N[J.SH – – 4SRTGNQJ9JQJHTR'ZWPNSF+FXT8&71 – – 4S2TGNQJ,QTGFQ8& – – 4S2TGNQJ0JS^F9JQJHTR1NRNYJI – – 4S2TGNQJ9JQJHTR1NRNYJI – – 4S2TGNQJ8JSJLFQ8&71 – – 4S2TGNQJ,MFSF9JQJHTR1NRNYJI – – – – 4S2TGNQJ2FIFLFXHFW9JQJHTR1NRNYJI – – 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI – – 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI – – 4S2TGNQJ9JQJHTR 811NRNYJI – – 4S2TGNQJ:LFSIF1NRNYJI – – – – 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI – – 4S2TGNQJ:WZLZF^8& – – 4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF – – 1NRNYJI Total 223.60 239.90 – – 223.60 239.90 19 Amount Receivables under: a Long term loans and advances 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI – – 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS – – 8NXYJRQJWN1NRNYJIċNWPJYN 4S2TGNQJ,QTGFQ(_JHM7JUZGQNHXWT – – 4S2TGNQJ5TWYZLFQ8,58 – – 4S2TGNQJ:8&11( – – 119 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Subsidiary Companies Key Management Personnel Total Sl Nature of transactions No March 31, March 31, March 31, March 31, March 31, March 31, 2017 2016 2017 2016 2017 2016 b Accrued interest 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI – – 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS – – 8NXYJRQJWN1NRNYJIċNWPJYN 4S2TGNQJ,QTGFQ(_JHM7JUZGQNHXWT – – 4S2TGNQJ5TWYZLFQ8,58 – – 4S2TGNQJ:8&11( – – c Short term loans and advances 7FON[5FSHMTQ^ – – – – d Trade Receivables 4S2TGNQJ8NSLFUTWJ5YJ1YI – – 4S2TGNQJ:8&11( – – – – 4S2TGNQJ,QTGFQKTW – – – – Telecommunication Services 4S2TGNQJ0JS^F9JQJHTR1NRNYJI – – – – 4S2TGNQJ9JQJHTR1NRNYJI – – – – 4S2TGNQJ(TXYF7NHF4'(78& – – – – 4S2TGNQJ,MFSF9JQJHTR1NRNYJI – – – – 4S2TGNQJ2FIFLFXHFW9JQJHTR1NRNYJI – – – – 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI – – – – 4S2TGNQJ:LFSIF1NRNYJI – – – – 4S2TGNQJ,QTGFQ8UFNS81: – – – – 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS – – – – 8NXYJRQJWN1NRNYJIċNWPJYN e Other Financial Assets 4S2TGNQJ8NSLFUTWJ5YJ1YI – – 594S2TGNQJ.SITSJXNF – – – – 4S2TGNQJ,QTGFQKTW – – Telecommunication Services 8JW[NHNTX)J9JQJKTSNF4S2TGNQJ8F)J([ – – 4S2TGNQJ)J;JSJ_ZJQF(& – – 4S2TGNQJ:8&11( – – 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59> – – 1NRNYJI 4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF – – – – 1NRNYJI 4S2TGNQJ'WFXNQ8NXYJRFXIJ;FQTW – – &LWJLFIT5FWF(TRZSNHFHTJX2T[JNX 1YIF 4S2TGNQJ,QTGFQ8& – – 4S2TGNQJ0JS^F9JQJHTR1NRNYJI – – 4S2TGNQJ2FQN8&71 – – 4S2TGNQJ8JSJLFQ8&71 – – 4S2TGNQJ9JQJHTR1NRNYJI – – 4S2TGNQJ(TXYF7NHF4'(78& – – 4S2TGNQJ,MFSF9JQJHTR1NRNYJI – – 4S2TGNQJ2FIFLFXHFW9JQJHTR1NRNYJI – – 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI – – 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI – – 4S2TGNQJ:LFSIF1NRNYJI – – 120 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Subsidiary Companies Key Management Personnel Total Sl Nature of transactions No March 31, March 31, March 31, March 31, March 31, March 31, 2017 2016 2017 2016 2017 2016 4S2TGNQJ?FRGNF9JQJHTR1NRNYJI – – 4S2TGNQJ9JQJHTR 811NRNYJI – – 4S2TGNQJ,QTGFQ8UFNS81: – – 4S2TGNQJ:WZLZF^8& – – 4SRTGNQJ9ZWPJ^9JQJPTRZSNPFX^TS – – 8NXYJRQJWN1NRNYJIċNWPJYN 4SRTGNQJ9JQJHTR'ZWPNSF+FXT8&71 – – 4S2TGNQJ,QTGFQ1NRNYJI(TQTRGNF8&8 – – 4S2TGNQJ,QTGFQ(_JHM7JUZGQNHXWT – – 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI – – 4S2TGNQJ1N[J.SH – – 4S2TGNQJ9FS_FSNF9JQJHTR1NRNYJI – – Total 2,778.72 2,896.96 – 9.45 2,778.72 2,906.41 Notes: 7JQFYJIUFWY^WJQFYNTSXMNUXFWJFXNIJSYNƯJIG^YMJ(TRUFS^TSYMJGFXNXTKNSKTWRFYNTSF[FNQFGQJFSIWJQNJIG^YMJFZINYTWX )ZWNSLYMJ^JFW5WT[NXNTSTK`2NQQNTS 2FWHM 3NQMFXGJJSUWT[NIJIKTWJ]UJHYJIHWJINYQTXXTSWJHJN[FGQJXKWTRWJQFYJI UFWYNJX9MJYTYFQGFQFSHJTKUWT[NXNTSKTWJ]UJHYJIHWJINYQTXXFXTS2FWHM ` 2NQQNTS 2FWHM ` 2NQQNTS *RUQT^RJSYGJSJƯYXJ]HQZIJXLWFYZNY^FSIHTRUJSXFYJIFGXJSHJX\MNHMHFSSTYGJXJUFWFYJQ^NIJSYNƯJIKWTRYMJHTRUTXNYJFRTZSY FI[NXJIG^YMJFHYZFW^ 36 Financial instruments by category Carrying value Fair value Particulars 31-Mar-17 31-Mar-16 01-Apr-15 31-Mar-17 31-Mar-16 01-Apr-15 Financial assets Amortised cost 1TFSX 9WFIJWJHJN[FGQJX (FXMFSIHFXMJVZN[FQJSYX 4YMJWƯSFSHNFQFXXJYX FVTPL .S[JXYRJSYXNSRZYZFQKZSIX 4YMJWX NSHQZIJXIJWN[FYN[JFXXJYX 9TYFQƯSFSHNFQFXXJYX 5,079.81 5,342.68 5,337.11 5,079.81 5,342.68 5,337.11 +NSFSHNFQQNFGNQNYNJX &RTWYNXJIHTXY 9WFIJUF^FGQJX 4YMJWƯSFSHNFQQNFGNQNYNJX 9TYFQƯSFSHNFQQNFGNQNYNJX 1,143.69 1,125.11 1,570.34 1,143.69 1,125.11 1,570.34 Fair value hierarchy 9MNX XJHYNTS J]UQFNSX YMJ OZILJRJSYX FSI JXYNRFYJX RFIJ NS IJYJWRNSJ YMJ KFNW [FQZJX TK YMJ ƯSFSHNFQ NSXYWZRJSYX YMFY FWJ WJHTLSNXJI FY KFNW [FQZJ FSI FRTWYNXJI HTXY FSI KTW \MNHM KFNW [FQZJX FWJ INXHQTXJI NS YMJ ƯSFSHNFQ XYFYJRJSYX 9T UWT[NIJ FS NSINHFYNTS FGTZY YMJ WJQNFGNQNY^ TK YMJ NSUZYX ZXJI NS IJYJWRNSNSL KFNW [FQZJ YMJ (TRUFS^ MFX HQFXXNƯJI NYX ƯSFSHNFQ NSXYWZRJSYX ZSIJW YMJ FHHTZSYNSL XYFSIFWI FX KTQQT\X 1J[JQ 6ZTYJI UWNHJX ZSFIOZXYJI NS FHYN[J RFWPJYX KTW NIJSYNHFQ FXXJYX TW QNFGNQNYNJX 1J[JQŠ.SUZYXTYMJWYMFSVZTYJIUWNHJXNSHQZIJI\NYMNS1J[JQYMFYFWJTGXJW[FGQJKTWYMJFXXJYTWQNFGNQNY^JNYMJWINWJHYQ^ NJFXUWNHJX TW NSINWJHYQ^ NJ IJWN[JI KWTR UWNHJX FSI 1J[JQ .SUZYX KTW YMJ FXXJYX TW QNFGNQNYNJX YMFY FWJ STY GFXJI TS TGXJW[FGQJ RFWPJY IFYF ZSTGXJW[FGQJNSUZYX 9MJKTQQT\NSLYFGQJUWJXJSYXYMJKFNW[FQZJRJFXZWJRJSYMNJWFWHM^TKƯSFSHNFQFXXJYXFSIQNFGNQNYNJXRJFXZWJIFYKFNW[FQZJTSWJHZWWNSLGFXNXFX FY2FWHM 2FWHMFSI&UWNQ 6ZFSYNYFYN[JINXHQTXZWJXTKKFNW[FQZJRJFXZWJRJSYMNJWFWHM^KTWƯSFSHNFQFXXJYXNS1J[JQ 2JFXZWJIZXNSLXNLSNƯHFSYTGXJW[FGQJNSUZYX 121 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Date of As at March Date of As at March Date of As at April 1, Particulars Valuation 31, 2017 Valuation 31, 2016 Valuation 2015 Financial asset measured at fair value & )JWN[FYN[JƯSFSHNFQFXXJYX +TWJNLSJ]HMFSLJKTW\FWIHTSYWFHYX March 13 March 31 &UWNQ 7 31,2017 31,2016 1,2015 B. +;95 1ƯSFSHNFQFXXJYXIJXNLSFYJI at fair value: .S[JXYRJSY NSRZYZFQKZSIX March 7 March 7 &UWNQ 7 ZSVZTYJI 31,2017 31,2016 1,2015 9MJWJMF[JGJJSSTYWFSXKJWXFRTSL1J[JQ1J[JQFSI1J[JQIZWNSLYMJUJWNTI 9MJ RFSFLJRJSY FXXJXXJI YMFY KFNW [FQZJ TK HFXM FSI XMTWYYJWR IJUTXNYX YWFIJ WJHJN[FGQJX YWFIJ UF^FGQJX TYMJW HZWWJSY ƯSFSHNFQ FXXJYX FSIQNFGNQNYNJXFUUWT]NRFYJYMJNWHFWW^NSLFRTZSYXQFWLJQ^IZJYTYMJXMTWYYJWRRFYZWNYNJXTKYMJXJNSXYWZRJSYX 9MJ KFNW [FQZJ TK YMJ ƯSFSHNFQ FXXJYX FSI QNFGNQNYNJX NX NSHQZIJI FY YMJ FRTZSY FY \MNHM YMJ NSXYWZRJSY HTZQI GJ J]HMFSLJI NS F HZWWJSY YWFSXFHYNTSGJY\JJS\NQQNSLUFWYNJXTYMJWYMFSNSFKTWHJITWQNVZNIFYNTSXFQJ 9MJKTQQT\NSLRJYMTIXFSIFXXZRUYNTSX\JWJZXJIYTJXYNRFYJYMJKFNW[FQZJX N 1TSLYJWR Ư]JIWFYJ WJHJN[FGQJX FWJ J[FQZFYJI G^ YMJ (TRUFS^ GFXJI TS UFWFRJYJWX XZHM FX NSYJWJXY WFYJX XUJHNƯH HTZSYW^ WNXP KFHYTWXNSIN[NIZFQHWJINY\TWYMNSJXXTKYMJHZXYTRJW'FXJITSYMNXJ[FQZFYNTSFQQT\FSHJXFWJYFPJSNSYTFHHTZSYKTWYMJJ]UJHYJIQTXXJX TKYMJXJWJHJN[FGQJX NN 9MJKFNW[FQZJTKYMJZSVZTYJIRZYZFQKZSIFWJGFXJITSRFWPJYTGXJW[FGQJNSUZYXFYWJUTWYNSLIFYJ9MJKFNW[FQZJTKTYMJWƯSFSHNFQ QNFGNQNYNJXNXJXYNRFYJIG^HWJINYWNXPFSIWJRFNSNSLRFYZWNYNJX NNN 9MJ(TRUFS^JSYJWXNSYTIJWN[FYN[JƯSFSHNFQNSXYWZRJSYX\NYM[FWNTZXHTZSYJWUFWYNJXUWNSHNUFQQ^ƯSFSHNFQNSXYNYZYNTSX\NYMNS[JXYRJSY LWFIJ HWJINY WFYNSLX )JWN[FYN[J ƯSFSHNFQX NSXYWZRJSYX FWJ [FQZJI GFXJI TS VZTYJI UWNHJX KTW XNRNQFW FXXJYX FSI QNFGNQNYNJX NS FHYN[J RFWPJYXTWNSUZYXYMFYFWJINWJHYQ^TWNSINWJHYQ^TGXJW[FGQJNSYMJRFWPJYUQFHJ Capital Management 9MJ(TRUFS^RFSFLJXNYHFUNYFQYTJSXZWJYMFYNY\NQQGJFGQJYTHTSYNSZJFXFLTNSLHTSHJWS\MNQJRF]NRNXNSLYMJWJYZWSYTXYFPJMTQIJWXYT TUYNRNXJJVZNY^9MJ(TRUFS^ŤX(TWUTWFYJ9WJFXZW^WJ[NJ\XYMJHFUNYFQXYWZHYZWJTSFVZFWYJWQ^GFXNX 9MJHFUNYFQXYWZHYZWJTKYMJHTRUFS^HTSXNXYXTKTSQ^JVZNY^9MJHTRUFS^NXSTYXZGOJHYYTFS^J]YJWSFQQ^NRUTXJIHFUNYFQWJVZNWJRJSYX Financial risk management 9MJ (TRUFS^ŤX (TWUTWFYJ 9WJFXZW^ KZSHYNTS UWT[NIJX XJW[NHJX YT YMJ GZXNSJXX HTTWINSFYJX FHHJXX YT ITRJXYNH FSI NSYJWSFYNTSFQ ƯSFSHNFQ RFWPJYX RTSNYTWX FSI RFSFLJX YMJ ƯSFSHNFQ WNXPX WJQFYNSL YT YMJ TUJWFYNTSX TK YMJ (TRUFS^ YMWTZLM NSYJWSFQ WNXP WJUTWYX \MNHM FSFQ^XJ J]UTXZWJXG^IJLWJJFSIRFLSNYZIJTKWNXP9MJ(TRUFS^ŤXUWNRFW^KTHZXNXYTKTWJXJJYMJZSUWJINHYFGNQNY^TKƯSFSHNFQRFWPJYXFSIXJJPYT RNSNRN_JUTYJSYNFQFI[JWXJJKKJHYXTSNYXƯSFSHNFQUJWKTWRFSHJ9MJUWNRFW^RFWPJYWNXPYTYMJHTRUFS^NXKTWJNLSJ]HMFSLJWNXPFQTSL\NYM HWJINYWNXPFSIQNVZNINY^WNXP 9MJ (TRUFS^ XJJPX YT RNSNRNXJ YMJ JKKJHYX TK YMJXJ KTWJ] G^ MJILNSL YMJ KTWJ] J]UTXZWJX YMWTZLM KTW\FWI HTSYWFHYX QNVZNINY^ WNXP G^ IN[JWXNK^NSL NYX NS[JXYRJSYX NS [FWNTZX XHMJRJX TK IJGY RZYZFQ KZSIX FSI Ư]JI IJUTXNYX 9MJ (TRUFS^ RFSFLJX NYX HWJINY WNXPX G^ RTSNYTWNSLYMJHWJINYWFYNSLTKYMJHZXYTRJWXGFSPXFSIRZYZFQKZSIX(TWUTWFYJ9WJFXZW^+ZSHYNTSWJUTWYXVZFWYJWQ^YTYMJ(TRUFS^ŤXWNXP RFSFLJRJSYHTRRNYYJJFSNSIJUJSIJSYGTI^YMFYRTSNYTWXWNXPXFSIUTQNHNJXNRUQJRJSYJIYTRNYNLFYJWNXPJ]UTXZWJX Market Risk 2FWPJYWNXPNXYMJWNXPTKFS^QTXXNSKZYZWJJFWSNSLXNSWJFQN_FGQJKFNW[FQZJXTWNSKZYZWJHFXMưT\XYMFYRF^WJXZQYKWTRFHMFSLJNSYMJUWNHJTK FƯSFSHNFQNSXYWZRJSY9MJ[FQZJTKFƯSFSHNFQNSXYWZRJSYRF^HMFSLJFXFWJXZQYTKHMFSLJXNSYMJNSYJWJXYWFYJXKTWJNLSHZWWJSH^J]HMFSLJ WFYJ JVZNY^ UWNHJ ưZHYZFYNTSX QNVZNINY^ FSI TYMJW RFWPJY HMFSLJX +ZYZWJ XUJHNƯH RFWPJY RT[JRJSYX HFSSTY GJ STWRFQQ^ UWJINHYJI \NYM WJFXTSFGQJFHHZWFH^ (i) Interest rate risk: .SYJWJXY WFYJ WNXP NX YMJ WNXP YMFY YMJ KFNW [FQZJ TW KZYZWJ HFXM ưT\X TK F ƯSFSHNFQ NSXYWZRJSY \NQQ ưZHYZFYJ GJHFZXJ TK HMFSLJX NS RFWPJY NSYJWJXY WFYJX 9MJ (TRUFS^ŤX J]UTXZWJ YT YMJ WNXP TK HMFSLJX NS RFWPJY NSYJWJXY WFYJX WJQFYJX UWNRFWNQ^ YT (TRUFS^ŤX NS[JXYRJSYX 9MJ (TRUFS^ŤXNS[JXYRJSYXFWJUWNRFWNQ^XMTWYYJWR\MNHMITSTYJ]UTXJNYYTXNLSNƯHFSYNSYJWJXYWFYJWNXP (ii) Foreign currency exchange rate risk: 9MJ ưZHYZFYNTS NS KTWJNLS HZWWJSH^ J]HMFSLJ WFYJX RF^ MF[J UTYJSYNFQ NRUFHY TS YMJ NSHTRJ XYFYJRJSY FSI JVZNY^ \MJWJ FS^ YWFSXFHYNTS WJKJWJSHJX RTWJ YMFS TSJ HZWWJSH^ TW \MJWJ FXXJYXQNFGNQNYNJX FWJ IJSTRNSFYJI NS F HZWWJSH^ TYMJW YMFS YMJ KZSHYNTSFQ HZWWJSH^ TK YMJ WJXUJHYN[JKTWJNLSTUJWFYNTSX9MJHTRUFS^JSYJWXNSYTKTW\FWIKTWJNLSJ]HMFSLJHTSYWFHYXXYTMJILJNYXJ]UTXZWJYTKTWJNLSHZWWJSH^WNXP FWNXNSLTSYMJSJYJ]UTWYTKXJW[NHJX 122 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) 9MJHFWW^NSLFRTZSYXTKYMJ(TRUFS^ŤXKTWJNLSHZWWJSH^IJSTRNSFYJIRTSJYFW^FXXJYXFSIRTSJYFW^QNFGNQNYNJXFYYMJJSITKYMJWJUTWYNSL UJWNTIFWJFXKTQQT\X As at March 31, 2017 Particulars Other USD EURO Total currencies* Assets 9WFIJWJHJN[FGQJX – (FXMFSIHFXMJVZN[FQJSYX 4YMJW&XXJYX Liabilities 9WFIJUF^FGQJ 4YMJW1NFGNQNYNJX 3JYFXXJYXQNFGNQNYNJX 2,606.32 146.61 647.85 3,400.78 4YMJWHZWWJSHNJXNSHQZIJ')9*,5'71(&)2=32>78,)(455*3?&7JYH As at March 31, 2016 Particulars Other USD EURO Total currencies* Assets 9WFIJWJHJN[FGQJX (FXMFSIHFXMJVZN[FQJSYX 4YMJW&XXJYX Liabilities 9WFIJUF^FGQJ 4YMJW1NFGNQNYNJX 3JYFXXJYXQNFGNQNYNJX 2,470.20 406.69 529.38 3,406.27 4YMJWHZWWJSHNJXNSHQZIJ')9*,5'71(&)2=32>78,)(455*3?&7JYH As at April 1, 2015 Particulars Other USD EURO Total currencies* Assets 9WFIJWJHJN[FGQJX (FXMFSIHFXMJVZN[FQJSYX 4YMJW&XXJYX Liabilities 9WFIJUF^FGQJ – 4YMJW1NFGNQNYNJX 3JYFXXJYXQNFGNQNYNJX 1,758.60 445.31 624.07 2,827.98 4YMJWHZWWJSHNJXNSHQZIJ')9*,5'71(&)2=32>78,)(455*3?&7JYH 9MJ (TRUFS^ NX RFNSQ^ J]UTXJI YT :8) FSI *:7 KTW YMJ ^JFW JSIJI 2FWHM *[JW^ NSHWJFXJIJHWJFXJ NS YMJ XFNI HZWWJSHNJX HTRUFWJI YT .SINFS 7ZUJJ \TZQI NRUFHY UWTƯY FSI JVZNY^ G^ FSI WJXUJHYN[JQ^ +TW YMJ ^JFW JSIJI 2FW YMJNRUFHYTSUWTƯYFSIJVZNY^\FX FSI WJXUJHYN[JQ^ )JWN[FYN[JƯSFSHNFQNSXYWZRJSYX 9MJ (TRUFS^ NX J]UTXJI YT KTWJNLS HZWWJSH^ ưZHYZFYNTSX TS KTWJNLS HZWWJSH^ FXXJYX QNFGNQNYNJX FSI KTWJHFXYJI HFXM ưT\X IJSTRNSFYJI NS KTWJNLS HZWWJSH^ 9MJ (TRUFS^ KTQQT\X JXYFGQNXMJI WNXP RFSFLJRJSY UTQNHNJX NSHQZINSL YMJ ZXJ TK IJWN[FYN[JX YT MJILJ KTWJNLS HZWWJSH^ FXXJYXQNFGNQNYNJXFSIKTWJNLSHZWWJSH^KTWJHFXYJIHFXMưT\X9MJHTZSYJWUFWY^NSYMJXJIJWN[FYN[JNSXYWZRJSYXNXFGFSPFSIYMJ(TRUFS^ HTSXNIJWXYMJWNXPXTKSTSUJWKTWRFSHJG^YMJHTZSYJWUFWY^FXSTSRFYJWNFQ 9MJKTQQT\NSLYFGQJUWJXJSYXYMJFLLWJLFYJHTSYWFHYJIUWNSHNUFQFRTZSYXTKYMJ(TRUFS^ŤXIJWN[FYN[JHTSYWFHYXTZYXYFSINSL 123 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) As at As at As at March March April 1, As at As at As at 31, 2017 31, 2016 2015 March 31, March 31, April 1, Non designated derivative Nominal Nominal Nominal 2017 2016 2015 Currency Instrument Value Value Value (Foreign (Foreign (Foreign (In ` Mn) (In ` Mn) (In ` Mn) Currency in Currency in Currency in Mn) Mn) Mn) +TW\FWI(TSYWFHY 8*11 – 2=3:8) – +TW\FWI(TSYWFHY 8*11 :8).37 +TW\FWI(TSYWFHY 8*11 –– *:7:8) –– +TW\FWI(TSYWFHY 8*11 – *:7.37 – Total Forward contracts 434.85 1,092.59 162.30 6.50 15.41 2.48 9MJKTWJNLSJ]HMFSLJKTW\FWIHTSYWFHYXRFYZWJ\NYMNSRTSYMX9MJYFGQJGJQT\FSFQ^_JXYMJIJWN[FYN[JƯSFSHNFQNSXYWZRJSYXNSYTWJQJ[FSY RFYZWNY^LWTZUNSLXGFXJITSYMJWJRFNSNSLUJWNTIFXFYYMJWJUTWYNSLIFYJ As at As at As at Particulars March 31, 2017 March 31, 2016 April 1, 2015 Nominal Nominal Value Nominal Value Value 3TYQFYJWYMFSRTSYM – 1FYJWYMFSRTSYMGZYSTYQFYJWRTSYMX 1FYJWYMFSRTSYMGZYSTYQFYJW^JFW 434.85 1,092.59 162.30 .SWJXUJHYTKYMJ(TRUFS^ŤXKTW\FWIHTSYWFHYXF IJHWJFXJNSHWJFXJNSYMJWJXUJHYN[JJ]HMFSLJWFYJXTKJFHMTKYMJHZWWJSHNJXZSIJWQ^NSL XZHMHTSYWFHYX\TZQIMF[JWJXZQYJINS F FS FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJ NS YMJ (TRUFS^ŤX SJY UWTƯY FSI FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJNSJVZNY^FXFY2FWHM G FS FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJ NS YMJ (TRUFS^ŤX SJY UWTƯY FSI FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJNSJVZNY^FXFY2FWHM Credit risk (WJINY WNXP NX YMJ WNXP TK ƯSFSHNFQ QTXX YT YMJ (TRUFS^ NK F HZXYTRJW TW HTZSYJWUFWY^ YT F ƯSFSHNFQ NSXYWZRJSY KFNQX YT RJJY NYX HTSYWFHYZFQ TGQNLFYNTSX FSI FWNXJX UWNSHNUFQQ^ KWTR YMJ (TRUFS^ŤX WJHJN[FGQJX KWTR HZXYTRJWX FSI NS[JXYRJSY XJHZWNYNJX (WJINY WNXP FWNXJX KWTR HFXM MJQI \NYM GFSPX FSI ƯSFSHNFQ NSXYNYZYNTSX FX \JQQ FX HWJINY J]UTXZWJ YT HQNJSYX NSHQZINSL TZYXYFSINSL FHHTZSYX WJHJN[FGQJ 9MJ RF]NRZR J]UTXZWJYTHWJINYWNXPNXJVZFQYTYMJHFWW^NSL[FQZJTKYMJƯSFSHNFQFXXJYX9MJTGOJHYN[JTKRFSFLNSLHTZSYJWUFWY^HWJINYWNXPNXYTUWJ[JSY QTXXJX NS ƯSFSHNFQ FXXJYX (WJINY WNXP JSHTRUFXXJX GTYM YMJ INWJHY WNXP TK IJKFZQY FSI YMJ WNXP TK IJYJWNTWFYNTS TK HWJINY\TWYMNSJXX FX \JQQ FX HTSHJSYWFYNTS WNXPX 9MJ (TRUFS^ FXXJXXJX YMJ HWJINY VZFQNY^ TK YMJ HTZSYJWUFWYNJX YFPNSL NSYT FHHTZSY YMJNW ƯSFSHNFQ UTXNYNTS UFXY J]UJWNJSHJFSITYMJWKFHYTWX i) Trade and other receivables 9MJ (TRUFS^ŤX J]UTXZWJ YT HWJINY WNXP NX NSưZJSHJI RFNSQ^ G^ YMJ NSIN[NIZFQ HMFWFHYJWNXYNHX TK JFHM HZXYTRJW 9MJ IJRTLWFUMNHX TK YMJ HZXYTRJW NSHQZINSL YMJ IJKFZQY WNXP TK YMJ NSIZXYW^ FSI HTZSYW^ NS \MNHM YMJ HZXYTRJW TUJWFYJX FQXT MFX FS NSưZJSHJ TS HWJINY WNXP FXXJXXRJSY9MJKTQQT\NSLYFGQJLN[JXIJYFNQXNSWJXUJHYTKUJWHJSYFLJTKWJ[JSZJXLJSJWFYJIKWTRYTUHZXYTRJWFSIYTUHZXYTRJWX For the year ended Particulars March 31, 2017 March 31, 2016 7J[JSZJKWTRYTUHZXYTRJW 7J[JSZJKWTRYTUHZXYTRJWX HZXYTRJWXFHHTZSYJIKTWRTWJYMFS TKYMJWJ[JSZJSTTYMJWXNSLQJHZXYTRJWHTSYWNGZYJI TWRTWJYTYMJ(TRUFS^ŤXWJ[JSZJKTW GTYM FSI ii) Investments 9MJ(TRUFS^QNRNYXNYXJ]UTXZWJYTHWJINYWNXPG^LJSJWFQQ^NS[JXYNSLNSQNVZNIXJHZWNYNJXFSITSQ^\NYMHTZSYJWUFWYNJXYMFYMF[JFLTTIHWJINYWFYNSL 9MJHTRUFS^ITJXSTYJ]UJHYFS^QTXXJXKWTRSTSUJWKTWRFSHJG^YMJXJHTZSYJWUFWYNJXFSIITJXSTYMF[JFS^XNLSNƯHFSYHTSHJSYWFYNTS TKJ]UTXZWJXYTXUJHNƯHNSIZXYW^XJHYTWX Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) Liquidity risk 1NVZNINY^ WNXP NX YMJ WNXP YMFY YMJ (TRUFS^ \NQQ STY GJ FGQJ YT RJJY NYX ƯSFSHNFQ TGQNLFYNTSX FX YMJ^ GJHTRJ IZJ 9MJ TGOJHYN[J TK QNVZNINY^ WNXPRFSFLJRJSYNXYTRFNSYFNSXZKƯHNJSYQNVZNINY^FSIJSXZWJYMFYKZSIXFWJF[FNQFGQJKTWZXJFXUJWWJVZNWJRJSYX9MJ(TRUFS^RFSFLJX NYX QNVZNINY^ WNXP G^ JSXZWNSL FX KFW FX UTXXNGQJ YMFY NY \NQQ FQ\F^X MF[J XZKƯHNJSY QNVZNINY^ YT RJJY NYX QNFGNQNYNJX \MJS IZJ 9MJ (TRUFS^ŤX HTWUTWFYJ YWJFXZW^ IJUFWYRJSY NX WJXUTSXNGQJ KTW QNVZNINY^ RFSFLJRJSY KZSINSL FX \JQQ FX XJYYQJRJSY RFSFLJRJSY .S FIINYNTS UWTHJXXJX FSIUTQNHNJXWJQFYJIYTXZHMWNXPXFWJT[JWXJJSG^XJSNTWRFSFLJRJSY9MJ(TRUFS^NS[JXYXNYXZWUQZXKZSIXNS'FSPƯ]JIIJUTXNYFSIQNVZNI FSIQNVZNIUQZXXHMJRJXTKRZYZFQKZSIXFSIXMTWYYJWRRZYZFQKZSIX\MNHMHFWW^STQT\RFWPYTRFWPJYWNXPX 9MJ+ZSI5TXNYNTSTKYMJ(TRUFS^NXLN[JSGJQT\ Particulars As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 Current Assets (FXMFSIHFXMJVZN[FQJSYX Current investments Total 1,699.28 1,768.26 1,608.14 9MJYFGQJGJQT\UWT[NIJXIJYFNQXWJLFWINSLYMJHTSYWFHYZFQRFYZWNYNJXTKXNLSNƯHFSYƯSFSHNFQQNFGNQNYNJX As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 Particulars Less than 1 Year Less than 1 Year Less than 1 Year 9WFIJUF^FGQJX 4YMJWƯSFSHNFQQNFGNQNYNJX Total 1,143.69 1,125.11 1,570.34 37 Earnings per Share For the year ended For the year ended March 31, 2017 March 31, 2016 5WTƯY 1TXXFKYJWYF]FYNTSFXUJWYMJ8YFYJRJSYTK5WTƯYFSI 1TXX 3TRNSFQ[FQZJTKJVZNY^XMFWJX *FWSNSLX5JW8MFWJ Basic )NQZYJI 38 9TYFQJ]UJSINYZWJNSHZWWJITS(TWUTWFYJ8THNFQ7JXUTSXNGNQNY^FHYN[NYNJXTYMJWYMFSHTSXYWZHYNTSFHVZNXNYNTSTKFXXJYXIZWNSLYMJ^JFWJSIJI March 31, 2017 is ` 2NQQNTS IZWNSLYMJ^JFWJSIJI2FWHM ` 1 Million) 39 9MJWJFWJSTIZJXYT2NHWTFSI8RFQQ*SYJWUWNXJXFXFY2FWHM 9MJNSKTWRFYNTSINXHQTXZWJ\NYMWJLFWIYT2NHWTFSI8RFQQ*SYJWUWNXJXNX GFXJITSNSKTWRFYNTSHTQQJHYJIG^YMJ2FSFLJRJSYTSJSVZNWNJXRFIJ\NYMYMJ[JSITWX\MNHMMF[JGJJSWJQNJIZUTSG^YMJFZINYTWX 40 9MJ (TRUFS^ UWJUFWJX HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX MJSHJ FX UJW .SINFS &HHTZSYNSL 8YFSIFWI 4UJWFYNSL 8JLRJSYX XJLRJSY NSKTWRFYNTSMFXSTYGJJSUWT[NIJINSYMJXYFSIFQTSJƯSFSHNFQXYFYJRJSYX 41 ;FQZJTKNRUTWYXHFQHZQFYJITS(.+GFXNX For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 (FUNYFQLTTIX NSHQZINSLXTKY\FWJIT\SQTFIXFSI2FWPJY development and deployment rights) 42 Expenditure in Foreign Currency (on accrual basis) 125 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 'ZXNSJXX)J[JQTURJSY*]UJSXJX Travelling and conveyance (TSYJSYKJJX 8TKY\FWJIJ[JQTURJSYFSITYMJWHMFWLJX 1JLFQUWTKJXXNTSFQ HTSXZQYFSH^HMFWLJX *RUQT^JJ'JSJƯYX*]UJSXJ 4YMJWX Total 729.49 886.55 43 Earnings in Foreign Currency For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 9JQJHTR[FQZJFIIJIXJW[NHJXFSITYMJWX 44 &X UFWY TK YMJ (TRUFS^ŤX UJWNTINH WJ[NJ\ TK NYX YWFSXKJW UWNHNSL UTQNH^ FX FQXT YMJ XZGXYFSYNFQ LWT\YM NS NYX NSYJWSFYNTSFQ TUJWFYNTSX YMJ (TRUFS^MFXFITUYJIFWJ[NXJILQTGFQYWFSXKJWUWNHNSLUTQNH^\NYMJKKJHYKWTR&UWNQFSIMFXHWTXXHMFWLJIJ]UJSXJXYTNYXXZGXNINFWNJX GFXJI TS FS FQQTHFYNTS RTIJQ 9MJ XFRJ MFX GJJS NSHQZIJI FX WJNRGZWXJRJSY TK J]UJSXJX ZSIJW TYMJW TUJWFYNSL WJ[JSZJ IZWNSL YMJ ^JFW 9MJHWTXXHMFWLJTKJ]UJSXJXFWJLN[JSGJQT\ For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 *RUQT^JJGJSJƯYXJ]UJSXJ 3JY 4YMJWJ]UJSXJX )JUWJHNFYNTSFSIFRTWYN_FYNTSJ]UJSXJ – Total 253.10 542.16 45 9MJ(TRUFS^MFX\TWPNSLHFUNYFQQNSJXFSI'Z^JWXHWJINYKFHNQNY^KWTRGFSPX8JHZWNY^IJYFNQXTK\MNHMFWJFXKTQQT\X 'Z^JWXHWJINYKFHNQNY^NXXJHZWJIG^ƯWXYUFWNUFXXZHMFWLJTSRT[FGQJƯ]JIFXXJYXFSIXJHTSIUFWNUFXXZHMFWLJTSHZWWJSYFXXJYX 47 Transition to Ind AS 9MJ (TRUFS^ MFX UWJUFWJI ƯSFSHNFQ XYFYJRJSYX \MNHM HTRUQ^ \NYM .SI &8 FUUQNHFGQJ KTW UJWNTIX JSINSL TS 2FWHM YTLJYMJW \NYM YMJ HTRUFWFYN[JUJWNTIIFYFFXFYFSIKTWYMJ^JFWJSIJI2FWHMFXIJXHWNGJINSYMJXZRRFW^TKXNLSNƯHFSYFHHTZSYNSLUTQNHNJX.SUWJUFWNSL YMJXJƯSFSHNFQXYFYJRJSYXYMJ(TRUFS^ŤXTUJSNSLGFQFSHJXMJJY\FXUWJUFWJIFXFY&UWNQYMJ(TRUFS^ŤXIFYJTKYWFSXNYNTSYT.SI&89MNX STYJJ]UQFNSXYMJUWNSHNUFQFIOZXYRJSYXRFIJG^YMJ(TRUFS^NSWJXYFYNSLNYX5WJ[NTZX,&&5ƯSFSHNFQXYFYJRJSYXNSHQZINSLYMJGFQFSHJXMJJYFXFY &UWNQFSIYMJƯSFSHNFQXYFYJRJSYXFXFYFSIKTWYMJ^JFWJSIJI2FWHM.SUWJUFWNSLYMJXJƯSFSHNFQXYFYJRJSYXYMJHTRUFS^MFX F[FNQJINYXJQKTKTUYNTSFQJ]JRUYNTSXFSIRFSIFYTW^J]HJUYNTSXNSFHHTWIFSHJ\NYM.SI&8FXJ]UQFNSJIGJQT\ Transition Policies (ZRZQFYN[JYWFSXQFYNTSINKKJWJSHJTSKTWJNLSTUJWFYNTSX .SI&8UJWRNYXHZRZQFYN[JYWFSXQFYNTSXLFNSXFSIQTXXJXYTGJWJXJYYT_JWTFYYMJYWFSXNYNTSIFYJ9MJ(TRUFS^MFXJQJHYJIYTWJXJYFQQ HZRZQFYN[JYWFSXQFYNTSXLFNSXFSIQTXXJXWJQFYNSLYTKTWJNLSTUJWFYNTSXYT_JWTFXFYYWFSXNYNTSIFYJ )JJRJIHTXYKTW5WTUJWY^5QFSYFSI*VZNURJSYFSI.SYFSLNGQJFXXJYX 8NSHJ YMJWJ MFX GJJS F HMFSLJ NS YMJ KZSHYNTSFQ HZWWJSH^ KTW HJWYFNS KTWJNLS TUJWFYNTSX YMJ (TRUFS^ŤX 5WTUJWY^ 5QFSY FSI *VZNURJSY FSI .SYFSLNGQJFXXJYXMF[JGJJSWJHTWIJIFXUJWYMJUWT[NXNTSTK.SI&8 )JWJHTLSNYNTSTKƯSFSHNFQFXXJYXFSIƯSFSHNFQQNFGNQNYNJX 9MJ(TRUFS^MFXFUUQNJIYMJIJWJHTLSNYNTSWJVZNWJRJSYXTKƯSFSHNFQFXXJYXFSIƯSFSHNFQQNFGNQNYNJXUWTXUJHYN[JQ^KTWYWFSXFHYNTSXTHHZWWNSL TSTWFKYJW&UWNQ YMJYWFSXNYNTSIFYJ 126 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) 8MFWJGFXJIUF^RJSYXYWFSXFHYNTSX 9MJ(TRUFS^MFXF[FNQJIJ]JRUYNTSF[FNQFGQJZSIJW.SI&8TSFUUQNHFYNTSTK.SI&8Ŧ8MFWJ'FXJI5F^RJSYŧYTJVZNY^NSXYWZRJSYX YMFY[JXYJIGJKTWJYMJIFYJTKYWFSXNYNTSYT.SI&8 .S[JXYRJSYXNSXZGXNINFWNJXFSIFXXTHNFYJX 9MJ(TRUFS^MFXJQJHYJIYTFUUQ^IJJRJIHTXYTKNS[JXYRJSYGFXJITSYMJHFWW^NSLFRTZSYFXUJWUWJ[NTZX,&&5FXTSYMJYWFSXNYNTSIFYJ *XYNRFYJXJ]HJUYNTS &XUJW.SI&8FSJSYNY^ŤXJXYNRFYJXNSFHHTWIFSHJ\NYM.SI&8XFYYMJIFYJTKYWFSXNYNTSYT.SI&8XMFQQGJHTSXNXYJSY\NYMJXYNRFYJXRFIJ KTW YMJ XFRJ IFYJ NS FHHTWIFSHJ \NYM UWJ[NTZX ,&&5 FKYJW FIOZXYRJSYX YT WJưJHY FS^ INKKJWJSHJX NS FHHTZSYNSL UTQNHNJX ZSQJXX YMJWJ NX TGOJHYN[J J[NIJSHJ YMFY YMTXJ JXYNRFYJX \JWJ NS JWWTW 9MJ (TRUFS^ RFIJ JXYNRFYJX KTW NRUFNWRJSY TK ƯSFSHNFQ FXXJYX GFXJI TS J]UJHYJI HWJINYQTXXRTIJQNSFHHTWIFSHJ\NYM.SI&8FYYMJIFYJTKYWFSXNYNTSFXYMNX\FXSTYWJVZNWJIZSIJWUWJ[NTZX,&&54YMJW.SI&8JXYNRFYJXFX FY&UWNQFWJHTSXNXYJSY\NYMYMJJXYNRFYJXFXFYYMJXFRJIFYJRFIJNSHTSƯWRNY^\NYMUWJ[NTZX,&&5 48 First-time Ind AS adoption reconciliations: 9MJKTQQT\NSLWJHTSHNQNFYNTSXUWT[NIJFVZFSYNƯHFYNTSTKYMJJKKJHYTKXNLSNƯHFSYINKKJWJSHJXFWNXNSLKWTRYMJYWFSXNYNTSKWTR.SINFS,&&5YT .SI&8NSFHHTWIFSHJ\NYM.SI&8 (a) Reconciliation of total equity as at March 31, 2016 and April 01, 2015 Particulars Notes As at March 31, 2016 As at April 01, 2015 Total equity (shareholders’ fund) under previous GAAP 6,969.66 7,269.28 5WTUTXJIIN[NIJSIFSIYF]YMJWJTS iv &QQT\FSHJTS*]UJHYJIHWJINYQTXX 3JYTKYF] v Total equity under Ind AS 6,981.02 7,282.63 (b) Reconciliation of total comprehensive income Particulars Notes As at March 31, 2016 Net Income under previous GAAP 57.35 (TXYTKYMJJRUQT^JJXYTHPTUYNTSXHMJRJFYKFNW[FQZJ ii *]HMFSLJINKKJWJSHJXNSYWFSXQFYNSLYMJƯSFSHNFQXYFYJRJSYXTKKTWJNLSTUJWFYNTSX i 7JRJFXZWJRJSYXTKYMJIJƯSJIGJSJƯYQNFGNQNYNJX FXXJY&HYZFWNFQ,FNS 1TXX iii 9F]FIOZXYRJSYXTSFGT[J 5WTƯYKTWYMJUJWNTIZSIJW.SI&8 (21.25) 4YMJW(TRUWJMJSXN[JNSHTRJ iv Total comprehensive income under Ind AS 1.44 H (FXMưT\XYFYJRJSY 9MJWJ\JWJSTXNLSNƯHFSYWJHTSHNQNFYNTSNYJRXGJY\JJSHFXMưT\XUWJUFWJIZSIJW.SINFS,&&5FSIYMTXJUWJUFWJIZSIJW.SI&8 Notes: N :SIJWYMJUWJ[NTZX,&&5KTWJNLSHZWWJSH^YWFSXFHYNTSXTKYMJ(TRUFS^ŤXNSYJLWFQKTWJNLSTUJWFYNTSX\JWJFHHTZSYJIFYYMJJ]HMFSLJ WFYJXUWJ[FNQNSLTSYMJIFYJTKYMJYWFSXFHYNTSTWFYWFYJXYMFYHQTXJQ^FUUWT]NRFYJYMJWFYJFYYMJIFYJTKYMJYWFSXFHYNTS FSIJ]HMFSLJ INKKJWJSHJX FWNXNSL TS XJYYQJRJSY WJXYFYJRJSY TK 8MTWYYJWR KTWJNLS HZWWJSH^ RTSJYFW^ FXXJYX FSI QNFGNQNYNJX \JWJ WJHTLSNXJI FX NSHTRJTWJ]UJSXJNSYMJ8YFYJRJSYTK5WTƯYFSI1TXX :SIJW .SI &8 YMJ KZSHYNTSFQ HZWWJSH^ TK YMJ KTWJNLS TUJWFYNTSX \JWJ FXXJXXJI FY YWFSXNYNTS IFYJ FSI \JWJ HTSHQZIJI FX YMJ HZWWJSH^ TK YMJ JHTSTRNH JS[NWTSRJSY TK YMJ KTWJNLS TUJWFYNTSX 9MJ WJXZQYX FSI ƯSFSHNFQ UTXNYNTS TK YMJ JSYNYNJX \MTXJ KZSHYNTSFQ HZWWJSH^ NX INKKJWJSYKWTRYMJWJUTWYNSLHZWWJSH^ .37FWJWJHTLSNXJINS4YMJW(TRUWJMJSXN[J.SHTRJFXF+TWJNLS(ZWWJSH^9WFSXQFYNTS7JXJW[JFX KTQQT\X F FXXJYXFSIQNFGNQNYNJXFWJYWFSXQFYJIFYYMJHQTXNSLWFYJFYYMJIFYJTKYMFYGFQFSHJXMJJY FSI G NSHTRJFSIJ]UJSXJXFWJYWFSXQFYJIFYJ]HMFSLJWFYJXFYYMJIFYJXTKYMJYWFSXFHYNTSX 127 Notes forming part of the Financial Statements (Rupees in millions, except share and per share data, unless otherwise stated) NN :SIJWYMJUWJ[NTZX,&&5YMJHTXYTKJRUQT^JJXYTHPTUYNTSXZSIJWYMJ[FWNTZXXYTHPTUYNTSXTKYMJ(TRUFS^\FXWJHTLSNXJIZXNSLYMJ NSYWNSXNH[FQZJRJYMTI:SIJWYMNXRJYMTISTJ]UJSXJ\FXWJHTLSNXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXXFXYMJKFNW[FQZJTKYMJXMFWJX ZSIJWYMJLWFSYTSYMJIFYJTKLWFSYJVZFQQJINYXJ]JWHNXJUWNHJ:SIJW.SI&8YMJHTXYTKYMJJRUQT^JJXYTHPTUYNTSXNXWJHTLSNXJINS YMJ8YFYJRJSYTK5WTƯYFSI1TXXT[JWYMJ[JXYNSLUJWNTIGFXJITSYMJKFNW[FQZJTKYMJTUYNTSXFYYMJLWFSYIFYJ NNN :SIJW YMJ UWJ[NTZX ,&&5 FQQ FHYZFWNFQ LFNSX FSI QTXXJX \JWJ WJHTLSNXJI NS YMJ 8YFYJRJSY TK 5WTƯY FSI 1TXX :SIJW .SI &8 FHYZFWNFQ LFNSXFSIQTXXJXYMFYKTWRUFWYTKWJRJFXZWJRJSYTKYMJSJYIJƯSJIGJSJƯ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’S REPORT To The Members of ONMOBILE GLOBAL LIMITED Report on the Consolidated Financial Statements Management’s Responsibility for the Consolidated Financial Statements 9MJ -TQINSL (TRUFS^ŤX 'TFWI TK )NWJHYTWX NX WJXUTSXNGQJ KTW YMJ UWJUFWFYNTS TK YMJXJ (TSXTQNIFYJI +NSFSHNFQ 8YFYJRJSYX NS YJWRX TK YMJ WJVZNWJRJSYXTK YMJ (TRUFSNJX &HY Ŧ MJWJNSFKYJW WJKJWWJI YT FX YMJ &HYŧ YMFY LN[J F YWZJ FSI KFNW [NJ\ TKYMJHTSXTQNIFYJIƯSFSHNFQUTXNYNTSHTSXTQNIFYJIƯSFSHNFQUJWKTWRFSHJNSHQZINSLTYMJWHTRUWJMJSXN[JNSHTRJHTSXTQNIFYJI HFXMư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ƯSFSHNFQ HTSYWTQXYMFY\JWJTUJWFYNSLJKKJHYN[JQ^KTWJSXZWNSLYMJFHHZWFH^FSIHTRUQJYJSJXXTKYMJFHHTZSYNSLWJHTWIXWJQJ[FSYYTYMJ UWJUFWFYNTSFSIUWJXJSYFYNTSTKYMJƯSFSHNFQXYFYJRJSYXYMFYLN[JFYWZJFSIKFNW[NJ\FSIFWJKWJJKWTRRFYJWNFQRNXXYFYJRJSY \MJYMJWIZJYTKWFZITWJWWTW\MNHMMF[JGJJSZXJIKTWYMJUZWUTXJTKUWJUFWFYNTSTKYMJHTSXTQNIFYJIƯSFSHNFQXYFYJRJSYXG^ YMJ)NWJHYTWXTKYMJ-TQINSL(TRUFS^FXFKTWJXFNI Auditor’s Responsibility 4ZWWJXUTSXNGNQNY^NXYTJ]UWJXXFSTUNSNTSTSYMJXJHTSXTQNIFYJIƯSFSHNFQXYFYJRJSYXGFXJITSTZWFZINY .S HTSIZHYNSL TZW FZINY \J MF[J YFPJS NSYT FHHTZSY YMJ UWT[NXNTSX TK YMJ &HY YMJ FHHTZSYNSL FSI FZINYNSL XYFSIFWIX FSI RFYYJWX\MNHMFWJWJVZNWJIYTGJNSHQZIJINSYMJFZINYWJUTWYZSIJWYMJUWT[NXNTSXTKYMJ&HYFSIYMJ7ZQJXRFIJYMJWJZSIJW Opinion .S TZW TUNSNTS FSI YT YMJ GJXY TK TZW NSKTWRFYNTS FSI FHHTWINSL YT YMJ J]UQFSFYNTSX LN[JS YT ZX YMJ FKTWJXFNI HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX LN[J YMJ NSKTWRFYNTS WJVZNWJI G^ YMJ &HY NS YMJ RFSSJW XT WJVZNWJI FSI LN[J F YWZJ FSI KFNW [NJ\ NS HTSKTWRNY^ \NYM .SI &8 FSI YMJ FHHTZSYNSL UWNSHNUQJX LJSJWFQQ^ FHHJUYJI NS .SINF TK YMJ HTSXTQNIFYJI XYFYJ TK FKKFNWX TK YMJ ,WTZUFXFY2FWHM FSIYMJNWHTSXTQNIFYJIUWTƯYHTSXTQNIFYJIYTYFQHTRUWJMJSXN[JNSHTRJYMJNWHTSXTQNIFYJIHFXM ưT\XFSIHTSXTQNIFYJIXYFYJRJSYTKHMFSLJXNSJVZNY^KTWYMJ^JFWJSIJITSYMFYIFYJ Report on Other Legal and Regulatory Requirements &XWJVZNWJIG^8JHYNTS TKYMJ&HY\JWJUTWYYTYMJJ]YJSYFUUQNHFGQJYMFY F 129 SJHJXXFW^KTWYMJUZWUTXJXTKTZWFZINYTKYMJFKTWJXFNIHTSXTQNIFYJIƯSFSHNFQXYFYJRJSYX G .S TZW TUNSNTS UWTUJW GTTPX TK FHHTZSY FX WJVZNWJI G^ QF\ WJQFYNSL YT UWJUFWFYNTS TK FKTWJXFNI HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYXGJJSPJUYG^YMJ(TRUFS^XTKFWFXNYFUUJFWXKWTRTZWJ]FRNSFYNTSTKYMTXJGTTPX H 9MJ (TSXTQNIFYJI 'FQFSHJ 8MJJY YMJ (TSXTQNIFYJI 8YFYJRJSY TK 5WTƯY FSI 1TXX NSHQZINSL 4YMJW (TRUWJMJSXN[J .SHTRJ YMJ (TSXTQNIFYJI (FXM +QT\ 8YFYJRJSY FSI (TSXTQNIFYJI 8YFYJRJSY TK (MFSLJX NS *VZNY^ IJFQY \NYM G^ YMNX 7JUTWY FWJ NS FLWJJRJSY \NYM YMJ WJQJ[FSY GTTPX TK FHHTZSY RFNSYFNSJI KTW YMJ UZWUTXJ TK UWJUFWFYNTS TK YMJ HTSXTQNIFYJIƯSFSHNFQXYFYJRJSYX I .S TZW TUNSNTS YMJ FKTWJXFNI HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX HTRUQ^ \NYM YMJ .SINFS &HHTZSYNSL 8YFSIFWIX UWJXHWNGJIZSIJWXJHYNTSTKYMJ&HY J 4SYMJGFXNXTKYMJ\WNYYJSWJUWJXJSYFYNTSXWJHJN[JIKWTRYMJINWJHYTWXTKYMJ-TQINSL(TRUFS^FXTS2FWHM YFPJS TS WJHTWI G^ YMJ 'TFWI TK )NWJHYTWX TK YMJ -TQINSL (TRUFS^ FSI YMJ WJUTWYX TK YMJ 8YFYZYTW^ FZINYTWX TK NYX FXXTHNFYJHTRUFS^\MNHMNXFHTRUFS^\MNHMNXNSHTWUTWFYJINS.SINFSTSJTKYMJINWJHYTWXTKYMJ-TQINSL(TRUFS^ FSINYXFXXTHNFYJ(TRUFS^NXINXVZFQNƯJIFXTS2FWHM KWTRGJNSLFUUTNSYJIFXFINWJHYTWNSYJWRXTK8JHYNTS TKYMJ&HY K For DELOITTE HASKINS & SELLS (MFWYJWJI&HHTZSYFSYX +NWRŤX7JLNXYWFYNTS3T 8 V. Balaji '*3,&1:7:2F^ 5FWYSJW ;'32 2JRGJWXMNU3T 130 ANNEXURE “A” TO THE INDEPENDENT AUDITOR’S REPORT (Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) V. Balaji '*3,&1:7:2F^ 5FWYSJW ;'32 2JRGJWXMNU3T 131 CONSOLIDATED BALANCE SHEET In ` Million As at As at As at Notes March 31, 2017 March 31, 2016 April 1, 2015 ASSETS Non-Current Assets 5WTUJWY^5QFSYFSI*VZNURJSY 3a (FUNYFQ For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 132 CONSOLIDATED STATEMENT OF PROFIT AND LOSS In ` Million except per share data For the year ended For the year ended Notes March 31, 2017 March 31, 2016 7J[JSZJKWTRTUJWFYNTSX 23 Other Income TOTAL INCOME (A) 7,312.89 8,456.95 EXPENSES (TXYTK8FQJXFSI8JW[NHJX *RUQT^JJGJSJƯYXJ]UJSXJ 26 Finance costs 27 )JUWJHNFYNTSFSIFRTWYNXFYNTSJ]UJSXJ 4YMJWJ]UJSXJX 29 TOTAL EXPENSES (B) 6,764.40 8,195.30 5WTƯYGJKTWJJ]HJUYNTSFQNYJRXFSIYF] (" &' 548.49 261.65 Exceptional item (D) 5WTƯYGJKTWJYF] *" () 376.41 31.67 TAX EXPENSE (ZWWJSY9F]J]UJSXJ )JKJWWJIYF] Net Tax Expense (F) 235.51 308.45 5WTƯY 1TXXKTWYMJ^JFW ," *+ 140.90 (276.78) &II 8MFWJTKUWTƯY QTXXKWTR&XXTHNFYJ 5WTƯY 1TXXFYYWNGZYFGQJYTYMJXMFWJMTQIJWXTKYMJ(TRUFS^ 140.90 (276.83) Other Comprehensive Income (Net) .YJRXYMFY\NQQSTYGJWJHQFXXNƯJIYTUWTƯYTWQTXX 7JRJFXZWJRJSYXTKYMJIJƯSJIGJSJƯYQNFGNQNYNJX FXXJY &HYZFWNFQ,FNS 1TXX .SHTRJYF]WJQFYNSLYTNYJRXYMFY\NQQSTYGJWJHQFXXNƯJIYTUWTƯYTWQTXX .YJRXYMFYRF^GJWJHQFXXNƯJIYTUWTƯYTWQTXX *]HMFSLJ INKKJWJSHJX NS YWFSXQFYNSL YMJ ƯSFSHNFQ XYFYJRJSYX TK KTWJNLS operations .SHTRJYF]TSNYJRXYMFYRF^GJWJHQFXXNƯJIYTUWTƯYTWQTXX 4YMJWHTRUWJMJSXN[JNSHTRJ QTXXKTWYMJ^JFWFYYWNGZYFGQJYT4\SJWXTKYMJ(TRUFS^ (121.70) 76.56 Total comprehensive income (loss) for the year attributable to Owners of the Company 19.20 (200.27) *&73.3,8 14885*78-&7* 'FXNH +FHJ[FQZJTKJVZNY^XMFWJTK`JFHM )NQZYJI +FHJ[FQZJTKJVZNY^XMFWJTK`JFHM 8NLSNƯHFSYFHHTZSYNSLUTQNHNJX 2 9MJFHHTRUFS^NSLSTYJXFWJFSNSYJLWFQUFWYTKYMJƯSFSHNFQXYFYJRJSYX YT .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 133 CONSOLIDATED CASH FLOW STATEMENT In ` Million For the year ended For the year ended March 31, 2017 March 31, 2016 A. CASH FLOW FROM OPERATING ACTIVITIES 5WTƯY 1TXXKTWYMJ^JFW &IOZXYRJSYXKTW .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJ(TSXTQNIFYJIXYFYJRJSYTKUWTƯYFSIQTXX 8MFWJTKQTXXKWTR&XXTHNFYJ )JUWJHNFYNTSFSIFRTWYNXFYNTSJ]UJSXJ *]HJUYNTSFQNYJRX 5WT[NXNTSKTW)TZGYKZQYWFIJWJHJN[FGQJX SJY Finance Cost :SWJFQNXJI+TWJNLS*]HMFSLJ1TXX ,FNS 1TXX ,FNSTSINXUTXFQTK5WTUJWY^UQFSYFSIJVZNURJSY 3JY Bad Trade receivables 5WT[NXNTSXSTQTSLJWWJVZNWJI\WNYYJSGFHP *]UJSXJWJHTLSNXJIKTW8MFWJGFXJIUF^RJSYX )N[NIJSI.SHTRJ Interest Income (MFSLJXNS4UJWFYNSLFXXJYXFSIQNFGNQNYNJX Trade receivables Other assets 9WFIJ5F^FGQJ Other liabilities Cash generated from operations )NWJHYYF]JXUFNI NSHQZINSLWJKZSIX Net cash generated from operating activities B. CASH FLOW FROM INVESTING ACTIVITIES 5F^RJSYXKTWUWTUJWY^UQFSYFSIJVZNURJSY 5WTHJJIXKWTRINXUTXFQTKUWTUJWY^UQFSYFSIJVZNURJSY 8FQJ7JIJRUYNTS 5ZWHMFXJTK8MTWYYJWRNS[JXYRJSYX SJY .SHWJFXJIJHWJFXJNSJFWRFWPJIGFSPGFQFSHJX )N[NIJSIXWJHJN[JI Interest received 3JYHFXM ZXJINSLJSJWFYJIKWTRNS[JXYNSLFHYN[NYNJX C. CASH FLOW FROM FINANCING ACTIVITIES 5WTHJJIXKWTRNXXZFSHJTK8MFWJ(FUNYFQ SJYTKWJKZSITKXMFWJFUUQNHFYNTSRTSJ^ 'Z^GFHPTK*VZNY^8MFWJ(FUNYFQ 7JUF^RJSYTK+NSFSHJQJFXJ 5WTHJJIXKWTR 7JUF^RJSYTKXMTWYYJWRGTWWT\NSLX 5WTHJJIXKWTR 7JUF^RJSYTKGTWWT\NSLX Finance costs )N[NIJSI5FNINSHQZINSLYF] 3JYHFXM ZXJINSLJSJWFYJIKWTRƯSFSHNSLFHYN[NYNJX 3JYNSHWJFXJ IJHWJFXJNSHFXMFSIHFXMJVZN[FQJSYX Cash and cash equivalents (Opening Balance) *KKJHYTKJ]HMFSLJINKKJWJSHJXTSYWFSXQFYNTSTKKTWJNLSHZWWJSH^HFXMFSIHFXMJVZN[FQJSYX Cash and cash equivalents (Closing Balance) Reconciliation of Cash and cash equivalents with the Balance Sheet: (FXMFSIHFXMJVZN[FQJSYXFXUJW'FQFSHJ8MJJY 7JKJW3TYJ 1JXX 'FSPGFQFSHJXSTYHTSXNIJWJIFX(FXMFSIHFXMJVZN[FQJSYX Cash and cash equivalents at the end of the year 2,120.81 2,063.08 .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED MARCH 31, 2017 A.. Equity Share Capital In ` Million Equity share capital Issued and Paid up Capital as at April 1, 2015 (MFSLJXNSJVZNY^XMFWJHFUNYFQ during the year F.XXZJTKXMFWJHFUNYFQZSIJW *RUQT^JJ8YTHP4UYNTS5QFS G'Z^GFHPTKJVZNY^XMFWJX Balance at March 31, 2016 1,081.11 (MFSLJXNSJVZNY^XMFWJHFUNYFQ during the year F.XXZJTKJVZNY^XMFWJXZSIJW employee share option plan G'Z^GFHPTKJVZNY^XMFWJX Balance at March 31, 2017 1,043.50 b. Other Equity In ` Million Reserves and Surplus Items of other comprehensive income Securities General Stock Capital Retained Foreign Actuarial Total premium reserve Options Redemption earnings currency ,FNS reserve Outstanding Reserve translation (Loss) Account Reserve Balance at April 1, 2015 5WTƯYKTWYMJUJWNTI Other comprehensive income 9TYFQ(TRUWJMJSXN[JNSHTRJKTW the year )N[NIJSI NSHQZINSLYF]TSIN[NIJSI 7JHJN[JITSJ]JWHNXJTKJRUQT^JJ XYTHPTUYNTSX :YNQNXJIYT\FWIX8MFWJXGZ^GFHP )NXHTZSYTSJ]JWHNXJTKJQNLNGQJXYTHP options Compensation cost related to employee share based payment 9WFSXKJWYT(FUNYFQ7JIJRUYNTS reserves 9WFSXKJWYT8JHZWNYNJXUWJRNZR reserve Balance at March 31, 2016 2,806.70 13.20 73.75 113.33 2,025.02 78.57 (2.01) 5,108.56 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED MARCH 31, 2017 Reserves and Surplus Items of other comprehensive income Securities General Stock Capital Retained Foreign Actuarial Total premium reserve Options Redemption earnings currency ,FNS reserve Outstanding Reserve translation (Loss) Account Reserve Balance as at April 1, 2016 5WTƯYKTWYMJUJWNTI Other comprehensive income 9TYFQ(TRUWJMJSXN[JNSHTRJKTW the year )N[NIJSI NSHQZINSLYF]TSIN[NIJSI 7JHJN[JITSJ]JWHNXJTKJRUQT^JJ XYTHPTUYNTSX :YNQNXJIYT\FWIX8MFWJXGZ^GFHP Compensation cost related to employee share based payment 9WFSXKJWYT(FUNYFQ7JIJRUYNTS reserves 9WFSXKJWYT8JHZWNYNJXUWJRNZR reserve Balance at March 31, 2017 2,355.13 13.20 105.51 154.00 2,009.20 (36.91) (8.23) 4,591.90 9MJFHHTRUFS^NSLSTYJX YTFWJFSNSYJLWFQUFWYTKYMJƯSFSHNFQXXYFYJRJSYX .SYJWRXTKTZWWJUTWYFYYFHMJI +TWFSITSGJMFQKTKYMJ'TFWITK)NWJHYTWX For Deloitte Haskins & Sells (MFWYJWJI&HHTZSYFSYX V. Balaji François-Charles Sirois Sanjay Baweja 5FWYSJW *]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW )NWJHYTW Praveen Kumar K J P V Varaprasad (MNJK+NSFSHNFQ4KƯHJW (TRUFS^8JHWJYFW^ 5QFHJ 'JSLFQZWZ 5QFHJ 1TSITS:0 )FYJ 2F^ )FYJ 2F^ 136 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 1 Company Overview YWFSXNYNTSYT.SI&8KWTR5WJ[NTZX,&&5NXLN[JSNS3TYJ 4S2TGNQJ ,QTGFQ 1NRNYJI ţ4S2TGNQJŤ TWţYMJ (TRUFS^Ť FSI is a public limited company incorporated in India and MFX NYX WJLNXYJWJI TKƯHJ FY 'JSLFQZWZ .SINF FSI MFX b. Basis of Consolidation TKƯHJX NS FQQ WJLNTSX TK YMJ \TWQI 9MJ (TRUFS^ MFX NYX 9MJ HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX NSHTWUTWFYJ YMJ UWNRFW^ QNXYNSLX TS YMJ 'TRGF^ 8YTHP *]HMFSLJ FSI ƯSFSHNFQXYFYJRJSYXTKYMJ(TRUFS^NYXXZGXNINFWNJXFSI 3FYNTSFQ 8YTHP *]HMFSLJ NS .SINF 9MJ (TRUFS^ MFX YMJFXXTHNFYJ(TSYWTQNXFHMNJ[JI\MJSYMJ(TRUFS^MFX .SYJWSFYNTSFQ 8ZGXNINFWNJX NSHQZINSL XYJU IT\S UT\JW T[JW YMJ NS[JXYJJ NY NX J]UTXJI TW MFX WNLMYX YT XZGXNINFWNJX FSI &XXTHNFYJ .SINFS (TRUFS^ 9MJ [FWNFGQJ WJYZWSX KWTR NYX NS[TQ[JRJSY \NYM YMJ NS[JXYJJ Company, its subsidiaries and associated enterprise FSI MFX YMJ FGNQNY^ YT ZXJ NYX UT\JW YT FKKJHY NYX WJYZWSX YTLJYMJWHTSXYNYZYJXYMJŧ,WTZUŧ The Company reassesses whether or not it controls an NS[JXYJJ NK KFHYX FSI HNWHZRXYFSHJX NSINHFYJ YMFY YMJWJ 9MJ PJ^ UWTIZHY TKKJWNSLX TK YMJ (TRUFS^ FWJ 7NSLGFHP FWJ HMFSLJX YT TSJ TW RTWJ TK YMJ YMWJJ JQJRJSYX TK 9TSJX )NLNYFQ (TSYJSY 8YTWJ FSI .SKTYFNSRJSY HTSYWTQ QNXYJI FGT[J 9MJ (TRUFS^ HTSXNIJWX FQQ WJQJ[FSY 4S2TGNQJ NX YMJ LQTGFQ QJFIJW NS 7NSLGFHP 9TSJX \MNHM KFHYX FSI HNWHZRXYFSHJX NS FXXJXXNSL \MJYMJW TW STY YMJ WJUQFHJX YMJ GTWNSLŦŧYWNSLYWNSLŧ YMJ HFQQJW QNXYJSX (TRUFS^ŤX [TYNSL WNLMYX NS FS NS[JXYJJ FWJ XZKƯHNJSY YT YT \NYM NSYJWJXYNSL XTZSIX TK YMJNW HMTNHJ )NLNYFQ LN[J NY UT\JW (TSXTQNIFYNTS TK F XZGXNINFW^ GJLNSX \MJS (TSYJSY 8YTWJ NX F TSJXYTU RTGNQJ IJXYNSFYNTS KTW the Company obtains control over the subsidiary and INXHT[JWNSL INLNYFQ HTSYJSY QNPJ [NIJTX LFRJX RZXNH HJFXJ\MJSYMJ(TRUFS^QTXJXHTSYWTQTKYMJXZGXNINFW^ FSI NRFLJX .SKTYFNSRJSY TKKJWX RZXNH HTSYJXY 8UJHNƯHFQQ^ NSHTRJ FSI J]UJSXJX TK F XZGXNINFW^ SJ\X FSI XUTWYX YT HTSXZRJWX T[JW YMJ RTGNQJ FHVZNWJI TW INXUTXJI TK IZWNSL YMJ ^JFW FWJ NSHQZIJI NS YMJ HTSXTQNIFYJI XYFYJRJSY TK UWTƯY FSI QTXX KWTR YMJ 9MJ HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX FWJ FUUWT[JI KTW date the Company gains control until the date when the NXXZJ G^ YMJ (TRUFS^ŤX 'TFWI TK )NWJHYTWX TS 2F^ (TRUFS^ HJFXJX YT HTSYWTQ YMJ XZGXNINFW^ 5WTƯY TW QTXX FSI JFHM HTRUTSJSY TK TYMJW HTRUWJMJSXN[J NSHTRJ FWJFYYWNGZYJIYTYMJT\SJWXTKYMJ(TRUFS^FSIYTYMJ 8NLSNƯHFSY&HHFTZSYNSL5TQNHNJX STSHTSYWTQQNSLNSYJWJXYX9TYFQHTRUWJMJSXN[JNSHTRJTK a. Statement of Compliance XZGXNINFWNJX NX FYYWNGZYJI YT YMJ T\SJWX TK YMJ (TRUFS^ 9MJ (TSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX MF[J GJJS FSI YT YMJ STSHTSYWTQQNSL NSYJWJXYX J[JS NK YMNX WJXZQYX UWJUFWJI NS FHHTWIFSHJ \NYM YMJ .SINFS &HHTZSYNSL NS YMJ STSHTSYWTQQNSL NSYJWJXYX MF[NSL F IJƯHNY GFQFSHJ 8YFSIFWIX .SI&8STYNƯJIZSIJWYMJ(TRUFSNJX .SINFS % of Ownership % of Ownership % of Ownership Sl. Country of Name of entity held as on held as on held as on No. Incorporation March 31, 2017 March 31, 2016 April 1, 2015 1 4S2TGNQJ8NSLFUTWJ5YJ1YI Singapore 2 594S2TGNQJ.SITSJXNF Indonesia 3 4S2TGNQJ8& XZGXNINFW^TK4S2TGNQJ*ZWTUJ'; France 4S2TGNQJ*ZWTUJ'; 3JYMJWQFSIX 4S2TGNQJ:8&11( :SNYJI8YFYJXTK &RJWNHF 6 8JW[NHNTX)J9JQJKTSNF4S2TGNQJ8F)J([ 2J]NHT 7 4S2TGNQJ'WFXNQ8NXYJRFX)J;FQTW&LWJLFIT Brazil 5FWF(TRZSNHFHTJX2T[JNX1YIF 4S2TGNQJ)J;JSJ_ZJQF(& XZGXNINFW^TK Venezuela 4S2TGNQJ:8&11( 137 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) % of Ownership % of Ownership % of Ownership Sl. Country of Name of entity held as on held as on held as on No. Incorporation March 31, 2017 March 31, 2016 April 1, 2015 9 4S2TGNQJ,QTGFQ8& &WLJSYNSF 10 4S2TGNQJ:WZLZF^8& :WZLZF^ 11 4S2TGNQJ8JSJLFQ8&71 Senegal 12 4S2TGNQJ,QTGFQKTW9JQJHTRRZSNHFYNTS8JW[NHJX *L^UY 13 4S2TGNQJ2FQN8&71 Mali 4S2TGNQJ'FSLQFIJXM5WN[FYJ1NRNYJI Bangladesh 4S2TGNQJ8JW[NHNTX(TWUTWFYN[TX)J9JQJKTSNF8& 2J]NHT )*(; 16 4S2TGNQJ0JS^F9JQJHTR1NRNYJI 0JS^F 17 4S2TGNQJ(TXYF7NHF4'(78& (TXYF7NHF OnMobile Telecom Limited Malawi 19 4S2TGNQJ,QTGFQ8UFNS81 Spain 20 4S2TGNQJ:LFSIF1NRNYJI :LFSIF 21 OnMobile Zambia Telecom Limited Zambia 22 OnMobile Madagascar Telecom Limited Madagascar 23 4S2TGNQJ7\FSIF9JQJHTR1NRNYJI 7\FSIF 4S2TGNQJ3NLJWNF9JQJHTR1NRNYJI 3NLJWNF OnMobile Tanzania Telecom Limited Tanzania 26 4S2TGNQJ,MFSF9JQJHTR1NRNYJI ,MFSF 27 OnMobile Telecom Sierra Leone Limited Sierra Leone 4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF1NRNYJI Canada 29 4S2TGNQJ,QTGFQ.YFQ^871 Italy 30 2TGNQJ;TNHJ0TSSJHY5WN[FYJ1NRNYJI&XXTHNFYJ India 31 4S2TGNQJ9ZWPJ^9JQJPTRZSNPFX^TS8NXYJRQJWN 9ZWPJ^ 1NRNYJIċNWPJYN 32 4S2TGNQJ5TWYZLFQ8,58:SNUJXXTFQ1)& ?TSF 5TWYZLFQ +WFSHF)F2FIJNWF 33 4S2TGNQJ9JQJHTR'ZWPNSF+FXT8&71 'ZWPNSF+FXT 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59>19) 8TZYM&KWNHF 4S2TGNQJ,QTGFQ(_JHM7JUZGQNH874 (_JHM7JUZGQNH 36 4S2TGNQJ1N[J.SH XZGXNINFW^TK4S2TGNQJ:8& :SNYJI8YFYJXTK LLC) &RJWNHF 37 +TSJXYFW_2JINF,WTZU1NRNYJI XZGXNINFW^TK :SNYJI0NSLITR OnMobile Live Inc) IF^:01NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH :SNYJI0NSLITR 39 +TSJXYFW_2JINF QNHJSXNSL1NRNYJI XZGXNINFW^TK :SNYJI0NSLITR OnMobile Live Inc) )FNZX1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH :SNYJI0NSLITR +TSJXYFW_1NRNYJI XZGXNINFW^TK4S2TGNQJ1N[J.SH :SNYJI0NSLITR 1N[J\NWJ2TGNQJ &ZXYWFQNF59>1NRNYJI XZGXNINFW^ &ZXYWFQNF TK4S2TGNQJ1N[J.SH +TSJXYFW_2JINF1NRNYJI XZGXNINFW^TK4S2TGNQJ :SNYJI0NSLITR Live Inc) 4S2TGNQJ,QTGFQ1NRNYJI(TQTRGNF8&8 Colombia 4S2TGNQJ1FYFRMTQINSL81 XZGXNINFW^TK Spain 4S2TGNQJ:8&11( 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) .S WJXUJHY TK JSYNY^ NS 8Q 3T YMJ (TRUFS^ X HTXY FXXJYXFSIQNFGNQNYNJX TK NS[JXYRJSY \FX NS J]HJXX TK NYX XMFWJ TK JVZNY^ TS YMJ IFYJ TK NS[JXYRJSY FSI YMJ INKKJWJSHJ MFI GJJS NNN 4YMJW JXYNRFYJX 9MJ UWJUFWFYNTS TK HTSXTQNIFYJI WJHTLSNXJI FX ,TTI\NQQ 9MJ ,TTI\NQQ \FX YJXYJI KTW ƯSFSHNFQ XYFYJRJSYX NS[TQ[JX JXYNRFYJX FSI NRUFNWRJSY FSI \WNYYJS TKK KZQQ^ IZWNSL ƯSFSHNFQ ^JFW FXXZRUYNTSX YMFY FKKJHY YMJ WJUTWYJI FRTZSY TK ended March 31, 2016 FXXJYX QNFGNQNYNJX INXHQTXZWJ TK HTSYNSLJSY QNFGNQNYNJX FY YMJ IFYJ TK HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX c. Basis of Presentation and Disclosure FSI YMJ WJUTWYJI FRTZSY TK WJ[JSZJX FSI J]UJSXJX KTW YMJ WJUTWYNSL UJWNTI 8UJHNƯHFQQ^ YMJ (TRUFS^ 9MJ (TSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX MF[J GJJS JXYNRFYJX YMJ UWTGFGNQNY^ TK HTQQJHYNTS TK FHHTZSYX prepared on the historical cost convention and on an receivable by analyzing historical payment patterns, FHHWZFQGFXNXJ]HJUYKTWYMJKTQQT\NSLRFYJWNFQNYJRXYMFY HZXYTRJW HTSHJSYWFYNTSX HZXYTRJW HWJINY MF[JGJJSRJFXZWJIFYKFNW[FQZJFXWJVZNWJIG^WJQJ[FSY \TWYMNSJXX FSI HZWWJSY JHTSTRNH YWJSIX .K YMJ .SI&8 ƯSFSHNFQ HTSINYNTS TK F HZXYTRJW IJYJWNTWFYJX F )JWN[FYN[JƯSFSHNFQNSXYWZRJSYX FIINYNTSFQFQQT\FSHJXRF^GJWJVZNWJI G (JWYFNS ƯSFSHNFQ FXXJYX FSI QNFGNQNYNJX RJFXZWJI N[ *RUQT^JJ GJSJƯYX 9MJ HTXY TK IJƯSJI GJSJƯY FY KFNW [FQZJ WJKJW FHHTZSYNSL UTQNH^ TS ƯSFSHNFQ UQFSX FWJ IJYJWRNSJI ZXNSL FHYZFWNFQ [FQZFYNTS 9MJ instruments) FHYZFWNFQ [FQZFYNTS NS[TQ[JX RFPNSL FXXZRUYNTSX H 8MFWJGFXJIUF^RJSYYWFSXFHYNTSXFSI FGTZY INXHTZSY WFYJX J]UJHYJI WFYJX TK WJYZWS TS FXXJYX KZYZWJ XFQFW^ NSHWJFXJX RTWYFQNY^ WFYJX FSI I )JƯSJI GJSJƯY FSI TYMJW QTSLYJWR JRUQT^JJ KZYZWJUJSXNTSNSHWJFXJX)ZJYTQTSLYJWRSFYZWJTK GJSJƯYX YMJXJUQFSXXZHMJXYNRFYJXFWJXZGOJHYYTXNLSNƯHFSY ZSHJWYFNSY^ d. Use of Estimates 9MJ UWJUFWFYNTS TK HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX NS [ 8MFWJ GFXJI HTRUJSXFYNTS YT JRUQT^JJX 9MJ HTSKTWRNY^ \NYM .SI &8 WJVZNWJX RFSFLJRJSY YT RFPJ Company has granted share based payment plans OZILRJSYX JXYNRFYJX FSI FXXZRUYNTSX YMFY FKKJHY YMJ YT NYX JRUQT^JJX ;FQZFYNTS RTIJQX FWJ ZXJI FUUQNHFYNTS TK FHHTZSYNSL UTQNHNJX FSI YMJ WJUTWYJI YT HFQHZQFYJ YMJ J]UJSXJ KTW XZHM XMFWJ GFXJI FRTZSYX TK FXXJYX QNFGNQNYNJX NSHTRJ FSI J]UJSXJX HTRUJSXFYNTS YT JRUQT^JJX 9MJXJ RTIJQX WJVZNWJ &HYZFQWJXZQYXRF^INKKJWKWTRYMJXJJXYNRFYJX F SZRGJW TK FXXZRUYNTSX YT GJ RFIJ FX NSUZYX 9MJXJNSHQZIJƯSFSHNFQFXXZRUYNTSXFX\JQQFX[FWNTZX *XYNRFYJX FSI ZSIJWQ^NSL FXXZRUYNTSX FWJ WJ[NJ\JI FXXZRUYNTSXFWTZSINSIN[NIZFQJRUQT^JJGJMF[NTZW TS F UJWNTINH GFXNX 7J[NXNTSX YT FHHTZSYNSL JXYNRFYJX are recognized in the period in which the estimates are e. Functional and presentation currency WJ[NXJI FSI NS FS^ KZYZWJ UJWNTIX FKKJHYJI .S UFWYNHZQFW 9MJ HTSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX FWJ UWJXJSYJI NS NSKTWRFYNTS FGTZY XNLSNƯHFSY FWJFX TK JXYNRFYNTS .SINFS7ZUJJYMJSFYNTSFQHZWWJSH^TK.SINF\MNHMNXYMJ ZSHJWYFNSY^FSIHWNYNHFQOZILRJSYXNSFUUQ^NSLFHHTZSYNSL UWJXJSYFYNTS FSI KZSHYNTSFQ HZWWJSH^ TK YMJ (TRUFS^ UTQNHNJX YMFY MF[J YMJ RTXY XNLSNƯHFSY JKKJHY TS YMJ 9MJ (TRUFS^ MFX KTWJNLS TUJWFYNTSX GWFSHMJX FRTZSYX WJHTLSN_JI NS YMJ HTSXTQNIFYJI ƯSFSHNFQ XZGXNINFWNJX KTW \MNHM YMJ KZSHYNTSFQ HZWWJSH^ NX YMJ XYFYJRJSYXNXNSHQZIJINSYMJKTQQT\NSLSTYJX HZWWJSH^ TK YMJ UWNRFW^ JHTSTRNH JS[NWTSRJSY NS \MNHM YMJXJJSYNYNJXTUJWFYJ N :XJKZQQN[JXTK5WTUJWY^5QFSYFSI*VZNURJSY &X IJXHWNGJI FY 3TYJ Q GJQT\ YMJ (TRUFS^ f. Foreign currency transactions and balances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ƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) FXXJYX FSI QNFGNQNYNJX TK ,WTZU X KTWJNLS TUJWFYNTSX NSXYWZRJSYX FY KFNW [FQZJ YMWTZLM UWTƯY FSI QTXX FHHTZSY \NYM KZSHYNTSFQ HZWWJSH^ INKKJWJSY KWTR YMJ (TRUFS^ +;951 STS IJWN[FYN[J ƯSFSHNFQ QNFGNQNYNJX FY FRTWYNXJI FWJ YWFSXQFYJI NSYT (TRUFS^ X KZSHYNTSFQ HZWWJSH^ HTXYTW+;951FSIIJWN[FYN[JƯSFSHNFQNSXYWZRJSYX ZSIJW NJ .37 ZXNSL J]HMFSLJ WFYJX UWJ[FNQNSL FY YMJ JSI TK YMJ HFYJLTW^ TK ƯSFSHNFQ FXXJYX TW ƯSFSHNFQ QNFGNQNYNJX FY JFHM WJUTWYNSL UJWNTI .SHTRJ FSI J]UJSXJ NYJRX +;951 FWJ YWFSXQFYJI FY YMJ F[JWFLJ J]HMFSLJ WFYJX KTW YMJ UJWNTI ZSQJXX J]HMFSLJ WFYJX ưZHYZFYJ XNLSNƯHFSYQ^ 9MJ HQFXXNƯHFYNTS TK ƯSFSHNFQ NSXYWZRJSYX IJUJSIX TS IZWNSL YMFY UJWNTI NS \MNHM HFXJ YMJ J]HMFSLJ WFYJX YMJ TGOJHYN[J TK YMJ GZXNSJXX RTIJQ KTW \MNHM NY NX MJQI FY YMJ IFYJX TK YMJ YWFSXFHYNTSX FWJ ZXJI *]HMFSLJ 2FSFLJRJSYIJYJWRNSJXYMJHQFXXNƯHFYNTSTKNYXƯSFSHNFQ INKKJWJSHJX FWNXNSL NK FS^ FWJ WJHTLSNXJI NS TYMJW NSXYWZRJSYXFYNSNYNFQWJHTLSNYNTS HTRUWJMJSXN[J NSHTRJ FSI FHHZRZQFYJI NS JVZNY^ 4S YMJ INXUTXFQ TK KTWJNLS TUJWFYNTS FQQ TK YMJ F 3TSIJWN[FYN[JƯSFSHNFQFXXJYX J]HMFSLJ INKKJWJSHJX FHHZRZQFYJI NS JVZNY^ NS (i) Financial assets at amortised cost WJXUJHY TK YMFY TUJWFYNTS FYYWNGZYFGQJ YT YMJ & ƯSFSHNFQ FXXJY NX RJFXZWJI FY FRTWYNXJI HTXY NK T\SJWX TK YMJ (TRUFS^ FWJ WJHQFXXNƯJI YT YMJ GTYMTKYMJKTQQT\NSLHTSINYNTSXFWJRJY (TSXTQNIFYJI 8YFYJRJSY TK 5WTƯY FSI 1TXX & RTSJYFW^ NYJR KTW \MNHM XJYYQJRJSY YTKWTR F F YMJ YMJ ƯSFSHNFQ FXXJY NX MJQI \NYMNS F GZXNSJXX KTWJNLS TUJWFYNTS NX SJNYMJW UQFSSJI STW QNPJQ^ YT THHZW RTIJQ\MTXJTGOJHYN[JNXYTMTQIƯSFSHNFQFXXJYX NS YMJ KTWJXJJFGQJ KZYZWJ NX HTSXNIJWJI FX F UFWY TK YMJ NSTWIJWYTHTQQJHYHTSYWFHYZFQHFXMưT\XFSI (TRUFS^ŤX SJY NS[JXYRJSY NS YMFY KTWJNLS TUJWFYNTS 4S HTSXTQNIFYNTS J]HMFSLJ INKKJWJSHJX FWNXNSL KWTR G YMJ HTSYWFHYZFQ YJWRX TK YMJ ƯSFSHNFQ FXXJY LN[J YMJ YWFSXQFYNTS TK FS^ XZHM SJY NS[JXYRJSY NS KTWJNLS WNXJ TS XUJHNƯJI IFYJX YT HFXM ưT\X YMFY FWJ operation, are recognised in other comprehensive income XTQJQ^ UF^RJSYX TK UWNSHNUFQ FSI NSYJWJXY 855. FSI WJHQFXXNƯJI YT (TSXTQNIFYJI 8YFYJRJSY TK 5WTƯY TW TSYMJUWNSHNUFQFRTZSYTZYXYFSINSL 1TXXTSINXUTXFQTKYMJSJYNS[JXYRJSY 9MJ^ FWJ UWJXJSYJI FX HZWWJSY FXXJYX J]HJUY KTW YMTXJ RFYZWNSL QFYJW YMFS RTSYMX FKYJW g. Cash Flow YMJ WJUTWYNSL IFYJ \MNHM FWJ UWJXJSYJI FX STS Consolidated Cash Flow Statement has been prepared HZWWJSY FXXJYX +NSFSHNFQ FXXJYX FWJ RJFXZWJI in accordance with the Indirect method prescribed in NSNYNFQQ^ FY KFNW [FQZJ UQZX YWFSXFHYNTS HTXYX .SINFS&HHTZSYNSL8YFSIFWI Ŧ8YFYJRJSYTK(FXM+QT\Xŧ FSI XZGXJVZJSYQ^ HFWWNJI FY FRTWYN_JI HTXY 9MJ HFXM ưT\X KWTR TUJWFYNSL NS[JXYNSL FSI ƯSFSHNSL ZXNSL YMJ JKKJHYN[J NSYJWJXY RJYMTI QJXX FS^ FHYN[NYNJX TK YMJ ,WTZU FWJ XJLWJLFYJI GFXJI TS YMJ NRUFNWRJSYQTXX F[FNQFGQJNSKTWRFYNTS (ii) Debt instruments at Amortised cost h. Cash and cash equivalents &XXJYX YMFY FWJ MJQI KTW HTQQJHYNTS TK HTSYWFHYZFQ (FXM FSI HFXM JVZN[FQJSYX HTRUWNXJ HFXM TS MFSI FSI HFXM ưT\X \MJWJ YMTXJ HFXM ưT\X WJUWJXJSY XTQJQ^ NS GFSPX FSI IJRFSI IJUTXNYX \NYM GFSPX \MNHM HFS GJ UF^RJSYX TK UWNSHNUFQ FSI NSYJWJXY FWJ RJFXZWJI FY withdrawn at any time without prior notice or penalty on FRTWYNXJI HTXY & LFNS TW QTXX TS F IJGY NSXYWZRJSY YMJUWNSHNUFQ YMFY NX XZGXJVZJSYQ^ RJFXZWJI FY FRTWYNXJI HTXY NX WJHTLSN_JI NS UWTƯY TW QTXX \MJS YMJ FXXJY NX i. Financial instruments IJWJHTLSN_JI TW NRUFNWJI .SYJWJXY NSHTRJ KWTR &QQ ƯSFSHNFQ NSXYWZRJSYX FWJ WJHTLSNXJI NSNYNFQQ^ FY KFNW YMJXJ ƯSFSHNFQ FXXJYX NX NSHQZIJI NS4YMJW NSHTRJ [FQZJ 9WFSXFHYNTS HTXYX YMFY FWJ FYYWNGZYFGQJ YT YMJ ZXNSLYMJJKKJHYN[JNSYJWJXYWFYJRJYMTI FHVZNXNYNTS TK YMJ ƯSFSHNFQ FXXJY TYMJW YMFS ƯSFSHNFQ FXXJYX WJHTWIJI FY KFNW [FQZJ YMWTZLM UWTƯY TW QTXX (iii) Financial asset at Fair Value Through Other FWJ NSHQZIJI NS YMJ KFNW [FQZJ TK YMJ ƯSFSHNFQ FXXJYX Comprehensive Income (FVTOCI) 5ZWHMFXJ TW XFQJ TK ƯSFSHNFQ FXXJYX YMFY WJVZNWJ IJQN[JW^ 9MJ ,WTZU MFX JQJHYJI STY YT UWJXJSY FS^ TK FXXJYX \NYMNS F YNRJ KWFRJ JXYFGQNXMJI G^ WJLZQFYNTS XZGXJVZJSY HMFSLJX NS YMJ KFNW [FQZJ TK JVZNY^ TW HTS[JSYNTS NS YMJ RFWPJY UQFHJ WJLZQFW \F^ YWFIJ NSXYWZRJSYXNS4YMJW(TRUWJMJSXN[J.SHTRJ FWJ WJHTLSNXJI TS YWFIJ IFYJ 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) FWJ RJFXZWJI FY KFNW [FQZJX \NYM FQQ HMFSLJX RJFXZWJI FY KFNW [FQZJ &YYWNGZYFGQJ YWFSXFHYNTS WJHTLSNXJI NS YMJ HTSXTQNIFYJI XYFYJRJSY TK UWTƯY HTXYX FWJ WJHTLSNXJI NS (TSXTQNIFYJI XYFYJRJSY TK or loss UWTƯYFSIQTXX .RUFNWRJSYTKƯSFSHNFQFXXJYX j. Inventories 9MJ ,WTZU WJHTLSN_JX QTXX FQQT\FSHJX ZXNSL YMJ .S[JSYTWNJX HTRUWNXNSL TK HTRUTSJSYX FWJ [FQZJI FY YMJ J]UJHYJI HWJINY QTXX *(1 RTIJQ KTW YMJ ƯSFSHNFQ QT\JWTK(TXYFSIJXYNRFYJIWJFQNXFGQJ[FQZJ FXXJYX \MNHM FWJ STY KFNW [FQZJI YMWTZLM UWTƯY TW QTXX 9MJ ,WTZU KTQQT\X XNRUQNƯJI FUUWTFHM KTW k. Property , Plant and Equipment and Intangible Assets WJHTLSNYNTS TK NRUFNWRJSY QTXX FQQT\FSHJ TS YWFIJ 5WTUJWY^ 5QFSY FSI *VZNURJSY FSI .SYFSLNGQJ &XXJYX WJHJN[FGQJ \NYM ST XNLSNƯHFSY ƯSFSHNSL HTRUTSJSY FWJ XYFYJI FY HTXY TK FHVZNXNYNTS NSHQZINSL YF]JX NX RJFXZWJI FY FS FRTZSY JVZFQ YT QNKJ YNRJ *(1 IZYNJX KWJNLMY INWJHYQ^ FYYWNGZYFGQJ YT RFPJ YMJ +TW FQQ TYMJW ƯSFSHNFQ FXXJYX J]UJHYJI HWJINY QTXXJX FXXJY WJFI^ KTW NYX NSYJSIJI ZXJ FSI TYMJW NSHNIJSYFQ FWJ RJFXZWJI FY FS FRTZSY JVZFQ YT YMJ RTSYM J]UJSXJX WJQFYNSL YT FHVZNXNYNTS FSI NSXYFQQFYNTS *(1 ZSQJXX YMJWJ MFX GJJS F XNLSNƯHFSY NSHWJFXJ 8ZGXJVZJSY J]UJSINYZWJ TS FXXJYX FKYJW NYX UZWHMFXJ NS HWJINY WNXP KWTR NSNYNFQ WJHTLSNYNTS NS \MNHM HFXJ NX HFUNYFQNXJI TSQ^ NK XZHM J]UJSINYZWJ WJXZQYX NS FS YMTXJ FWJ RJFXZWJI FY QNKJYNRJ *(1 9MJ FRTZSY TK NSHWJFXJ NS YMJ KZYZWJ GJSJƯYX KWTR XZHM FXXJY GJ^TSI J]UJHYJI HWJINY QTXXJX TW WJ[JWXFQ YMFY NX WJVZNWJI NYX UWJ[NTZXQ^ FXXJXXJI XYFSIFWI TK UJWKTWRFSHJ &XXJYX YT FIOZXY YMJ QTXX FQQT\FSHJ FY YMJ WJUTWYNSL IFYJ WJYNWJIKWTRFHYN[JZXJFSIMJQIKTWXFQJFWJXYFYJIFYYMJ YT YMJ FRTZSY YMFY NX WJVZNWJI YT GJ WJHTLSNXJI NX QT\JW TK YMJNW SJY GTTP [FQZJ FSI WJFQNXFGQJ [FQZJ FSI WJHTLSN_JIFXFSNRUFNWRJSYLFNSTWQTXXNSUWTƯYTW INXHQTXJIXJUFWFYJQ^ QTXX (FUNYFQ\TWPNSUWTLWJXXNXXYFYJIFYHTXYFSINSHQZIJXYMJ b) Equity instruments HTXY TK YMJ FXXJYX YMFY FWJ STY WJFI^ KTW YMJNW NSYJSIJI &S JVZNY^ NSXYWZRJSY NX FS^ HTSYWFHY YMFY J[NIJSHJX ZXJFYYMJ'FQFSHJ8MJJYIFYJ F WJXNIZFQ NSYJWJXY NS YMJ FXXJYX TK FS JSYNY^ FKYJW l. Depreciation and Amortisation IJIZHYNSL FQQ TK NYX QNFGNQNYNJX *VZNY^ NSXYWZRJSYX issued by a Company are recognised at the proceeds )JUWJHNFGQJ FRTZSY KTW FXXJYX NX YMJ HTXY WJHJN[JISJYTKINWJHYNXXZJHTXYX TK FS FXXJY TW TYMJW FRTZSY XZGXYNYZYJI KTW HTXY QJXX NYX JXYNRFYJI WJXNIZFQ [FQZJ 7JUZWHMFXJ TK YMJ (TRUFS^ X T\S JVZNY^ )JUWJHNFYNTS MFX GJJS UWT[NIJI TS YMJ XYWFNLMY instruments is recognised and deducted directly in QNSJ RJYMTI T[JW YMJ ZXJKZQ QNKJ FX JXYNRFYJI G^ YMJ JVZNY^ 3T LFNS TW QTXX NX WJHTLSNXJI NS UWTƯY TW QTXX management based on technical advice on commercial TS YMJ UZWHMFXJ XFQJ NXXZJ TW HFSHJQQFYNTS TK YMJ QN[JX TK YMJXJ FXXJYX 9MJ JXYNRFYJI ZXJKZQ QN[JX FWJ FX (TRUFS^ XT\SJVZNY^NSXYWZRJSYX KTQQT\X H 3TSIJWN[FYN[JƯSFSHNFQQNFGNQNYNJX Category of Asset No. of years (i) Financial liabilities at amortised cost Leasehold Improvements 5WNRFW^QJFXJUJWNTI TK^JFWX^JFWX Financial liabilities at amortised cost represented Buildings 61 years by borrowings, trade and other payables are initially 4KƯHJJVZNURJSYX 3 years WJHTLSN_JI FY KFNW [FQZJ FSI XZGXJVZJSYQ^ HFWWNJI FY FRTWYN_JI HTXY ZXNSL YMJ JKKJHYN[J NSYJWJXY WFYJ (TRUZYJWXFSI*QJHYWTSNH ^JFWX^JFWX JVZNURJSYX RJYMTI +ZWSNYZWJFSI+N]YZWJX 3 years (ii) Financial liabilities at FVTPL Motor Cars 3 years 9MJ ,WTZU ITJX STY MF[J FS^ +NSFSHNFQ QNFGNQNY^ Intangible assets are amortised over their estimated IJXLNSFYJIFX+;951 ZXJKZQQNKJTSXYWFNLMYQNSJRJYMTIFXKTQQT\X d) Derivative Financial instruments Category of Asset No. of years 9MJ ,WTZU MTQIX IJWN[FYN[J ƯSFSHNFQ NSXYWZRJSYX 8TKY\FWJX ^JFWX^JFWX XZHM FX KTWJNLS J]HMFSLJ KTW\FWI HTSYWFHYX YT .SYJQQJHYZFQ5WTUJWY^7NLMYX 3 years RNYNLFYJ YMJ WNXP TK HMFSLJX NS KTWJNLS J]HMFSLJ 2FWPJYIJ[JQTURJSYFSI 4[JWYMJYJWRTKYMJ WFYJX TS KTWJNLS HZWWJSH^ FXXJYX FSI QNFGNQNYNJX FSI deployment rights agreement KTWJHFXYJI HFXM ưT\X IJSTRNSFYJI NS KTWJNLS 9MJ JXYNRFYJI ZXJKZQ QNKJ TK YMJ FXXJYX FWJ WJ[NJ\JI HZWWJSHNJX 9MJ HTZSYJWUFWY^ YT YMJXJ HTSYWFHYX NX FY YMJ JSI TK JFHM ƯSFSHNFQ ^JFW FSI YMJ FRTWYNXFYNTS LJSJWFQQ^ F GFSP )JWN[FYN[JX FWJ WJHTLSNXJI FSI UJWNTINXWJ[NXJIYTWJưJHYYMJHMFSLJIUFYYJWSNKFS^ 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Individual assets costing less than ` FWJ contributions, short term compensated absences IJUWJHNFYJINSKZQQNSYMJ^JFWTKUZWHMFXJ (such as paid annual leave where the absences are J]UJHYJI YT THHZW \NYMNS Y\JQ[J RTSYMX FKYJW YMJ m. Leasing JSI TK YMJ UJWNTI NS \MNHM YMJ JRUQT^JJX WJSIJW 1JFXJXFWJHQFXXNƯJIFXƯSFSHJQJFXJX\MJSJ[JWYMJYJWRX YMJ WJQFYJI JRUQT^JJ XJW[NHJ UWTƯY XMFWNSL FSI TKYMJQJFXJYWFSXKJWXZGXYFSYNFQQ^FQQYMJWNXPXFSIWJ\FWIX GTSZXJXUF^FGQJ\NYMNSY\JQ[JRTSYMXFKYJWYMJJSI TK T\SJWXMNU YT YMJ QJXXJJ &QQ TYMJW QJFXJX FWJ HQFXXNƯJI TK YMJ UJWNTI NS \MNHM YMJ JRUQT^JJX WJSIJW YMJ FXTUJWFYNSLQJFXJX WJQFYJI XJW[NHJX FSI STS RTSJYFW^ GJSJƯYX XZHM As lessor FX RJINHFQ HFWJ JYH KTW HZWWJSY JRUQT^JJX FWJ 7JSYFQ .SHTRJ KWTR TUJWFYNSL QJFXJX NX LJSJWFQQ^ JXYNRFYJIFSIRJFXZWJITSFSZSINXHTZSYJIGFXNX WJHTLSNXJI TS F XYWFNLMY QNSJ GFXNX T[JW YMJ YJWR TK YMJ G )JƯSJI(TSYWNGZYNTS5QFS WJQJ[FSY QJFXJ 8NLSNƯHFSY&HHTZSYNSL5TQNHNJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 9MJJVZNY^NSXYWZRJSYXLJSJWFQQ^[JXYNSFLWFIJIRFSSJW FKKJHYXSJNYMJWFHHTZSYNSLSTWYF]FGQJUWTƯYXTWQTXX T[JW YMJ [JXYNSL UJWNTI 9MJ KFNW [FQZJ IJYJWRNSJI FY FYYMJYNRJTKYMJYWFSXFHYNTS YMJ LWFSY IFYJ NX J]UJSXJI T[JW YMJ [JXYNSL UJWNTI TK )JKJWWJI NSHTRJ YF] FXXJY FWJ WJHTLSNXJI YT YMJ YMJ WJXUJHYN[J YWFSHMJX TK XZHM LWFSYX FHHJQJWFYJI J]YJSY YMFY NX UWTGFGQJ YMFY YF]FGQJ UWTƯY \NQQ GJ FRTWYNXFYNTS available against which the deductible temporary s. Earnings per Share INKKJWJSHJX FSI YMJ HFWW^ KTW\FWI TK ZSZXJI YF] HWJINYXFSIZSZXJIYF]QTXXJXHFSGJZYNQNXJI Basic earnings per share is computed by dividing the UWTƯY QTXXFYYWNGZYFGQJYTT\SJWXTKYMJ,WTZUG^YMJ )JKJWWJI NSHTRJ YF] QNFGNQNYNJX FWJ WJHTLSNXJI KTW FQQ \JNLMYJI F[JWFLJ SZRGJW TK JVZNY^ XMFWJX TZYXYFSINSL YF]FGQJYJRUTWFW^INKKJWJSHJX IZWNSLYMJ^JFW 9MJ HFWW^NSL FRTZSY TK IJKJWWJI NSHTRJ YF] FXXJYX )NQZYJI JFWSNSLX UJW XMFWJ NX HTRUZYJI G^ IN[NINSL YMJ NX WJ[NJ\JI FY YMJ JSI TK JFHM WJUTWYNSL UJWNTI FSI UWTƯY QTXX FYYWNGZYFGQJ YT T\SJWX TK YMJ ,WTZU FX WJIZHJI YT YMJ J]YJSY YMFY NY NX ST QTSLJW UWTGFGQJ FIOZXYJI KTW IN[NIJSI NSYJWJXY FSI TYMJW HMFWLJX YT YMFY XZKƯHNJSY YF]FGQJ UWTƯYX \NQQ GJ F[FNQFGQJ J]UJSXJTWNSHTRJ SJYTKFS^FYYWNGZYFGQJYF]JXWJQFYNSL YT FQQT\ FQQ TW UFWY TK YMJ FXXJY YT GJ WJHT[JWJI YT YMJ INQZYN[J UTYJSYNFQ JVZNY^ XMFWJX G^ YMJ \JNLMYJI )JKJWWJI YF] QNFGNQNYNJX FSI FXXJYX FWJ RJFXZWJI F[JWFLJ SZRGJW TK JVZNY^ XMFWJX HTSXNIJWJI KTW IJWN[NSL FY YMJ YF] WFYJX YMFY FWJ J]UJHYJI YT FUUQ^ NS YMJ basic earnings per share and the weighted average period in which the liability is settled or the asset is SZRGJW TK JVZNY^ XMFWJX \MNHM HTZQI MF[J GJJS NXXZJI WJFQNXJIGFXJITSYF]WFYJX FSIYF]QF\XYMFYMF[J TS YMJ HTS[JWXNTS TK FQQ INQZYN[J UTYJSYNFQ JVZNY^ XMFWJX GJJSJSFHYJITWXZGXJVZJSYQ^JSFHYJIG^YMJJSITK 5TYJSYNFQ JVZNY^ XMFWJX FWJ IJJRJI YT GJ INQZYN[J TSQ^ YMJWJUTWYNSLUJWNTI NK YMJNW HTS[JWXNTS YT JVZNY^ XMFWJX \TZQI IJHWJFXJ YMJ u. Impairment of tangible and intangible assets SJYUWTƯYUJWXMFWJKWTRHTSYNSZNSLTWINSFW^TUJWFYNTSX 5TYJSYNFQ INQZYN[J JVZNY^ XMFWJX FWJ IJJRJI YT GJ ,TTI\NQQFSINSYFSLNGQJFXXJYXYMFYMF[JFSNSIJƯSNYJZXJKZQ HTS[JWYJI FX FY YMJ GJLNSSNSL TK YMJ UJWNTI ZSQJXX YMJ^ QNKJ FWJ STY XZGOJHY YT FRTWYNXFYNTS FSI FWJ YJXYJI FSSZFQQ^ MF[J GJJS NXXZJI FY F QFYJW IFYJ 9MJ INQZYN[J UTYJSYNFQ KTW NRUFNWRJSY TW RTWJ KWJVZJSYQ^ NK J[JSYX TW HMFSLJX NS JVZNY^ XMFWJX FWJ FIOZXYJI KTW YMJ UWTHJJIX WJHJN[FGQJ HNWHZRXYFSHJX NSINHFYJ YMFY YMJ^ RNLMY GJ NRUFNWJI 4YMJW MFI YMJ XMFWJX GJJS FHYZFQQ^ NXXZJI FY KFNW [FQZJ NJ FXXJYX FWJ YJXYJI KTW NRUFNWRJSY \MJSJ[JW J[JSYX TW F[JWFLJRFWPJY[FQZJTKYMJTZYXYFSINSLXMFWJX)NQZYN[J changes in circumstances indicate that the carrying amount UTYJSYNFQ JVZNY^ XMFWJX FWJ IJYJWRNSJI NSIJUJSIJSYQ^ RF^ STY GJ WJHT[JWFGQJ &S NRUFNWRJSY QTXX NX WJHTLSNXJI KTW JFHM UJWNTI UWJXJSYJI 9MJ SZRGJW TK JVZNY^ XMFWJX KTW YMJ FRTZSYX G^ \MNHM YMJ FXXJY X HFWW^NSL FRTZSY FSI UTYJSYNFQQ^ INQZYN[J JVZNY^ XMFWJX FWJ FIOZXYJI KTW J]HJJIX NYX WJHT[JWFGQJ FRTZSY 9MJ WJHT[JWFGQJ FRTZSY share splits / reverse share splits and bonus shares, as NX YMJ MNLMJW TK FS FXXJY X KFNW [FQZJ QJXX HTXYX TK INXUTXFQ FUUWTUWNFYJ FSI[FQZJNSZXJ+TWYMJUZWUTXJXTKFXXJXXNSLNRUFNWRJSY FXXJYX FWJ LWTZUJI FY YMJ QT\JXY QJ[JQX KTW \MNHM YMJWJ t. Income Tax FWJ XJUFWFYJQ^ NIJSYNƯFGQJ HFXM NSưT\X \MNHM FWJ QFWLJQ^ .SHTRJ YF] J]UJSXJ NSHQZIJX .SINFS FSI .SYJWSFYNTSFQ NSIJUJSIJSY TK YMJ HFXM ưT\X KWTR TYMJW FXXJYX TW LWTZU NSHTRJ YF]JX .SHTRJ YF] HTRUWNXJX TK YMJ HZWWJSY TKFXXJYX HFXMLJSJWFYNSLZSNYX3TSƯSFSHNFQFXXJYXTYMJW YF] FSI SJY HMFSLJ NS IJKJWWJI YF] FXXJY TW QNFGNQNY^ YMFS LTTI\NQQ YMFY XZKKJWJI FS NRUFNWRJSY FWJ WJ[NJ\JI NS YMJ ^JFW .SHTRJ YF] J]UJSXJ NX WJHTLSNXJI NS YMJ KTW UTXXNGQJ WJ[JWXFQ TK YMJ NRUFNWRJSY FY YMJ JSI TK JFHM (TSXTQNIFYJI XYFYJRJSY TK UWTƯY FSI QTXX J]HJUY YT YMJ WJUTWYNSLUJWNTI J]YJSY NY WJQFYJX YT NYJRX INWJHYQ^ WJHTLSNXJI NS TYMJW v. Provisions HTRUWJMJSXN[JNSHTRJ 5WT[NXNTSX FWJ WJHTLSNXJI \MJS YMJ ,WTZU MFX F UWJXJSY F (ZWWJSY9F] 5WT[NXNTSKTWHZWWJSYYF]NXRFIJYFPNSL TGQNLFYNTS QJLFQ TW HTSXYWZHYN[J FX F WJXZQY TK F UFXY into account the admissible deductions/allowances FSI NX XZGOJHY YT WJ[NXNTS GFXJI TS YMJ YF]FGQJ J[JSY FSI NY NX UWTGFGQJ YMFY TZYưT\ TK JHTSTRNH NSHTRJ KTW YMJ ƯXHFQ ^JFW JSINSL 2FWHM JFHM GJSJƯYX \NQQ GJ WJVZNWJI YT XJYYQJ YMJ TGQNLFYNTS FSI ^JFW 5WT[NXNTS KTW YF]FYNTS NSHQZIJX YF] QNFGNQNYNJX NS F WJQNFGQJ JXYNRFYJ HFS GJ RFIJ TK YMJ FRTZSY TK YMJ India on the Company’s global income as reduced TGQNLFYNTS G^ J]JRUYJI NSHTRJ FSI FS^ YF] QNFGNQNYNJX FWNXNSL The amount recognised as a provision is the best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ƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Total Total – – – – – – – – Freehold Freehold Vehicles - Vehicles - Vehicles Fixtures Fixtures Furniture and Furniture and Furniture – – 4KƯHJ 4KƯHJ Equipment Equipment Computers Computers Equipments Equipments and Electronic and Electronic and Electronic provements provements Leasehold Im- Leasehold Im- – –– –– – –– –– – – – – Freehold Freehold Buildings - Buildings - YT YT YT YT HZWWJSH^ HZWWJSH^ HZWWJSH^ HZWWJSH^ ^JFW ^JFW KZSHYNTSFQ KZSHYNTSFQ KZSHYNTSFQ KZSHYNTSFQ YMJ YMJ KWTR KWTR KWTR KWTR KTW KTW J]UJSXJ J]UJSXJ YWFSXQFYNTS YWFSXQFYNTS YWFSXQFYNTS YWFSXQFYNTS FXXJYX FXXJYX TK TK 2FWHM HZWWJSH^ HZWWJSH^ HZWWJSH^ HZWWJSH^ FRTWYNXFYNTS FRTWYNXFYNTS INXUTXFQ INXUTXFQ XY TS TS TS KTWJNLS KTWJNLS KTWJNLS KTWJNLS FX TK TK TK TK *KKJHY reporting currency )NXUTXFQX Balance as at 31 March, 2017 as at 31 March, Balance II. 2016-2017 the year and impairment for depreciation Accumulated as at 1 April, 2016Balance )JUWJHNFYNTS 106.74 132.36 15.15 2,826.65 86.03 34.25 2,912.66 41.99 32.65 12.03 40.53 3,154.02 7.45 3,094.47 &IINYNTSX *KKJHY 2016 Balance as on 31st March reporting currency Balance as at 31 March, 2017 as at 31 March, Balance Net block (I–II) 2017 Balance as on 31st March 16.89 108.41 2,543.15 33.82 41.14 10.31 2,753.72 I. Gross Block I. Gross as at 1 April, 2015 Balance &IINYNTSX )NXUTXFQX *KKJHY reporting currency Balance as at 31 March, 2016 as at 31 March, Balance II. 2015-2016 the year and impairment for depreciation Accumulated as at 1 April, 2015Balance )JUWJHNFYNTS 106.74 133.40 13.40 3,177.55 69.25 34.91 3,019.47 42.22 23.39 12.03 34.59 3,506.85 3.45 3,163.55 Description of Assets Description of Assets Description of *QNRNSFYJI *KKJHY *QNRNSFYJI I. Gross Block I. Gross as at 1 April, 2016 Balance reporting currency Balance as at 31 March, 2016 as at 31 March, Balance Net block (I–II) 2016 Balance as on 31st March 'FQFSHJ 15.15 86.03 2,912.66 32.65 40.53 7.45 3,094.47 3a Plant and Equipment Property, 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Goodwill Total Goodwill Total Rights Rights and Deployment and Deployment and Deployment Market Development Development Market Development Market Rights Rights (TU^WNLMYX (TU^WNLMYX Intellectual Property Intellectual Property 44.42 0.05 245.76 - 290.23 148.51 0.05 500.25 - 648.81 749.73 181.90 3,954.91 - 4,886.54 601.22 181.85 3,454.66 - 4,237.73 601.22 148.51 181.85 0.05 3,454.66 500.25 - 4,237.73 - 648.81 749.73 181.90 3,954.91 - 4,886.54 240.48 0.05 1,569.81 25.52 1,835.86 739.34 181.90 3,901.03 - 4,822.27 694.92 181.85 3,655.27 - 4,532.04 1,035.61 181.85 2,331.52 679.62 4,228.60 1,276.09 181.90 3,901.33 705.14 6,064.46 Software Software Computer Computer INKKJWJSHJX INKKJWJSHJX INKKJWJSHJX INKKJWJSHJX ZSNY ZSNY ^JFW ^JFW YMJ YMJ J]HMFSLJ J]HMFSLJ J]HMFSLJ J]HMFSLJ TK YMJ YMJ FXXJYX TK TK KTW KTW 2FWHM INXUTXFQ HZWWJSH^ HZWWJSH^ HZWWJSH^ HZWWJSH^ INXUTXFQ INXUTXFQ TS XY J]UJSXJ J]UJSXJ TS TS TS KTWJNLS KTWJNLS KTWJNLS KTWJNLS FX TK TK TK TK Balance as at 31 March, 2016 as at 31 March, Balance Net block (I-II) 2016 Balance as on 31st March 'FQFSHJ Balance as at 31 March, 2016 as at 31 March, Balance 2015-2016 the year and impairment for depreciation II. Accumulated as at 1 April, 2015 Balance &RTWYNXFYNTS )JWJHTLSNXJI Impairment loss recognised during the year *KKJHY )NXUTXFQX )JWJHTLSNXJI *KKJHY *KKJHY 2017 as at 31 March, Balance 2016-2017 the year and impairment for depreciation II. Accumulated as at 1 April, 2016 Balance &RTWYNXFYNTS *QNRNSFYJI Balance as at 31 March, 2017 as at 31 March, Balance Net block (I-II) 2017 Balance as on 31st March 2016 Balance as on 31st March Description of Assets Description of Assets Description of Intangible Assets Cost as at 1 April, 2015 Balance &IINYNTSX Intangible Assets Cost as at 1 April, 2016 Balance &IINYNTSX *KKJHY 3b Intangible Assets 3b Intangible 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at March 31, 2015 FINANCIAL ASSETS 4. NON CURRENT INVESTMENTS Investments (At Cost) :SVZTYJI.S[JXYRJSYX KZQQ^UFNIZUNS *VZNY^8MFWJXTK &XXTHNFYJ 2TGNQJ;TNHJ0TSSJHY5WN[FYJ1NRNYJI FY2FWHM &UWNQ – JVZNY^XMFWJXTK` JFHMKZQQ^UFNI In Equity shares of other entities at FVTPL 9ZWFHT2TGNQJ5WN[FYJ1NRNYJI FY2FWHM JVZNY^ XMFWJXTK` JFHMKZQQ^UFNI 0.02 0.02 0.02 &LLWJLFYJFRTZSYTKZSVZTYJINS[JXYRJSYX No. of Units Amount No. of Units Amount No. of Units Amount 5. CURRENT INVESTMENT )JXNLSFYJIFX+FNW;FQZJ9MWTZLM5WTƯYFSI Loss (FVTPL) Investments in Mutual Funds (Unquoted) 'NWQF8ZSQNKJ(FXM5QZX.SXYQ)FNQ^)N[NIJSI – – 2,129,166 7JNS[JXYRJSY 'NWQF8ZSQNKJ(FXM9WJFXZW^4UYNRN_JW5QFS – – 7JNS[JXYRJSY -)+(1NVZNI+ZSI)N[NIJSI)FNQ^7JNS[JXY – – Option -)+(+QTFYNSL7FYJ.SHTRJ+ZSI8MTWY – – 9JWR5QFS)N[NIJSI 0TYFP1NVZNI8HMJRJ5QFS&)FNQ^)N[NIJSI – – 7JQNFSHJQNVZNINY^+ZSI(FXMUQFS)FNQ^ – – )N[NIJSI7JNS[JXYRJSY 7JQNFSHJ1NVZNINY^+ZSI9WJFXZW^5QFS – – – – .SXYNYNYNTSFQ4UYNTS)FNQ^)N[4UYNTS 7JQNFSHJ2JINZR9JWR+ZSI)FNQ^)N[NIJSI :9.9WJFXZW^&I[FSYFLJ+ZSI.SXYNYZYNTSFQ – – 5QFS)FNQ^)N[NIJSI7JNS[JXY 'FWTIF5NTSJJW1NVZNI+ZSI5QFS&)FNQ^ – – )N[NIJSI .)+((FXM+ZSI)FNQ^)N[NIJSI – – – – .)+(8ZUJW8F[JW.SHTRJ+ZSI8MTWY9JWR – – 5QFS2TSYMQ^)N[NIJSI .)+(:QYWF8MTWY9JWR+ZSI7JLZQFW5QFS – – )FNQ^)N[NIJSI .(.(.5WZIJSYNFQ1NVZNI5QFS)FNQ^)N[NIJSI – – .(.(.5WZIJSYNFQ:QYWF8MTWY9JWR)NWJHY – – – – 5QFS)FNQ^)N[NIJSI Aggregate amount of unquoted investments 930.32 927.34 717.87 carried at FVTPL 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 6. TRADE RECEIVABLES :SXJHZWJI Considered good (TSXNIJWJIITZGYKZQ 1JXX &QQT\FSHJKTWITZGYKZQIJGYX 1,676.13 1,983.41 2,146.71 9MJ(TRUFS^ZXJXFUWT[NXNTSFQRFYWN]YTIJYJWRNSJNRUFNWRJSYQTXXTSYWFIJWJHJN[FGQJKWTRYMNWIUFWYNJX9MJUWT[NXNTSRFYWN]NXGFXJI TS NYX MNXYTWNHFQQ^ TGXJW[JI IJKFZQY WFYJX T[JW YMJ J]UJHYJI QNKJ TK YMJ YWFIJ WJHJN[FGQJ FSI NX FIOZXYJI KTW KTW\FWIQTTPNSL JXYNRFYJX &Y J[JW^ WJUTWYNSL IFYJ YMJ MNXYTWNHFQ TGXJW[JI IJKFZQY WFYJX FWJ ZUIFYJI FSI HMFSLJX NS KTW\FWIQTTPNSL JXYNRFYJX FWJ FSFQ^XJI 9MJ (TRUFS^JXYNRFYJXYMJKTQQT\NSLRFYWN]FYYMJWJUTWYNSLIFYJ 1-90 days 91 - 180 days 181- 360 >360 days days )JKFZQYWFYJ .SHFXJTKUWTGFGNQNY^TKSTSHTQQJHYNTS IJKFZQYWFYJNX Movement in the expected credit loss For the year For the year allowance* ended March ended March 31, 2017 31, 2016 'FQFSHJFYYMJGJLNSSNSLTKYMJUJWNTI 2T[JRJSY NS J]UJHYJI HWJINY QTXX FQQT\FSHJ TS YWFIJ WJHJN[FGQJX HFQHZQFYJI FY QNKJYNRJ J]UJHYJI HWJINYQTXXJXFSIKTWJNLSJ]HMFSLJưZHYZFYNTSX Provision at the end of the period 211.68 208.41 .SHQZIJKTWJNLSJ]HMFSLJưZHYZFYNTS For the year ended For the year ended For the year ended March 31, 2017 March 31, 2016 April 1, 2015 7. CASH AND CASH EQUIVALENTS Cash on hand 'FQFSHJX\NYMGFSP .S(ZWWJSY&HHTZSYX .S)JUTXNY&HHTZSYX 4YMJWGFSPGFQFSHJX .SJFWRFWPJIGFQFSHJX 'FSPGFQFSHJNS*XHWT\FHHTZSY 2FWLNSRTSJ^TS'FSP,ZFWFSYJJX 2,130.98 2,281.34 1,995.58 Notes: 9MJ GFQFSHJ YMFY RJJY YMJ IJƯSNYNTS TK (FXMFSI(FXMJVZN[FQJSYX )ZWNSLYMJ^JFWYMJ(TRUFS^MFIXUJHNƯJIGFSPSTYJXTWTYMJWIJSTRNSFYNTSSTYJFXIJƯSJINSYMJ2(&STYNƯHFYNTS,87 * IFYJI2FWHM TSYMJIJYFNQXTK8UJHNƯJI'FSP3TYJX 8'3MJQIFSIYWFSXFHYJIIZWNSLYMJUJWNTIKWTR3T[JRGJW YT )JHJRGJWYMJIJSTRNSFYNTS\NXJ8'3XFSITYMJWSTYJXFXUJWYMJSTYNƯHFYNTSNXLN[JSGJQT\ Other de- SBN's* (`) nomination Total (`) notes (`) (QTXNSLHFXMNSMFSIFXTS3T[JRGJW &II 5JWRNYYJIWJHJNUYX – 1JXX 5JWRNYYJIUF^RJSYX – 1JXX &RTZSYIJUTXNYJINS'FSPX – (QTXNSLHFXMNSMFSIFXTS)JHJRGJW – +TWYMJUZWUTXJXTKYMNXHQFZXJYMJYJWRţ8UJHNƯJI'FSP3TYJXŤXMFQQMF[JYMJXFRJRJFSNSLUWT[NIJINS YMJ STYNƯHFYNTS TK YMJ ,T[JWSRJSY TK .SINF NS YMJ 2NSNXYW^ TK +NSFSHJ )JUFWYRJSY TK *HTSTRNH &KKFNWX SZRGJW84 *IFYJIYMJ YM3T[JRGJW (FXMFSI(FXMJVZN[JQFSYXFXTK2FWHM NSHQZIJX` 2NQQNTSWJXYWNHYNTSNSWJUFYWNFYNTS 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 8. LOANS - NON-CURRENT (Unsecured, considered good) 8JHZWNY^)JUTXNYX 47.16 55.64 66.76 9. LOANS - CURRENT 8JHZWNY^)JUTXNYX 40.79 22.90 25.19 10. OTHER FINANCIALS ASSETS - NON CURRENT &I[FSHJXYT*RUQT^JJX 1.77 2.51 1.63 11. OTHER FINANCIALS ASSETS - CURRENT :SGNQQJI7J[JSZJ &I[FSHJXYT*RUQT^JJX 7JKJW3TYJGJQT\ &HHWZJI.SYJWJXYTSIJUTXNYX Others 7JHJN[FGQJTSXFQJTK+N]JI&XXJYX NSHQZINSL(FUNYFQ\TWPNSUWTLWJXX 4YMJWX NSHQZIJXIJWN[FYN[JFXXJYXJYH 715.57 932.55 868.16 3TYJ &I[FSHJ YT JRUQT^JJX NSHQZIJ ` 2NQQNTS FY 2FWHM ` 2NQQNTS FSI FY &UWNQ ` 2NQQNTS FX FI[FSHJ YT INWJHYTW 12. OTHER NON CURRENT ASSETS :SXJHZWJI(TSXNIJWJILTTI (FUNYFQ&I[FSHJX 5WJUFNI*]UJSXJX &I[FSHJ 9F]FYNTS SJY TK UWT[NXNTSX TK ` 2NQQNTS FY 2FWHM ` 2NQQNTS FY&UWNQ` Million)) +WNSLJ'JSJƯY9F] SJYTKUWT[NXNTSX 1,280.83 1,329.32 1,144.24 13. OTHER CURRENT ASSETS :SXJHZWJI(TSXNIJWJILTTI 5WJUFNI*]UJSXJX Balances with Statutory authorities &I[FSHJXYT;JSITWX 479.39 613.94 556.49 14. INVENTORIES Components – – – – 5.39 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) As at As at As at March 31, 2017 March 31, 2016 April 1, 2015 15. SHARE CAPITAL Authorised *VZNY^8MFWJXTK`10 each with voting rights FXFY2FWHM *VZNY^8MFWJXTK` 10 each) 5WJKJWJSHJ8MFWJXTK`10 each FXFY2FWHM5WJKJWJSHJ8MFWJXTK`10 each) 1,500.00 1,500.00 1,500.00 Issued, Subscribed and Fully Paid up 2FWHM FSI&UWNQ *VZNY^8MFWJXTK`JFHMKZQQ^UFNI 1,043.50 1,081.11 1,092.20 Notes: A) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period: As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 Number of Number of Number of Amount Amount Amount Shares Shares Shares Equity Shares with voting rights Opening balance 109,220,336 &II *]JWHNXJTK*RUQT^JJ8YTHP4UYNTS 5QFS 1JXX 'Z^GFHP Closing balance 104,350,090 1,043.50 108,111,402 1,081.11 109,220,336 1,092.20 B) Details of shareholders holding more than 5% of the shares of the Company Number of Number of Number of % % % Shares Shares Shares Equity Shares with voting rights OnMobile Systems Inc C) Aggregate Number of shares allotted as fully paid up pursuant to contracts without payment being received in cash, bonus shares and GZ^GFHPTKXMFWJXKTWYMJUJWNTITKƯ[J^JFWXNRRJINFYJQ^UWJHJJINSLYMJ'FQFSHJ8MJJYIFYJFXFY2FWHM a) (i))ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ (TRUFS^ RFIJ F GTSZX NXXZJ TK XMFWJX NS YMJ WFYNT TK YT YMJ XMFWJMTQIJWXG^HFUNYFQNXFYNTSTK8JHZWNYNJX5WJRNZRFHHTZSY NN )ZWNSLYMJ^JFWJSIJI2FWHMYMJ(TRUFS^MFXNXXZJIGTSZXJVZNY^XMFWJXTSJ]JWHNXJTKJQNLNGQJTUYNTSX G )ZWNSL YMJ ^JFW JSIJI 2FWHM FKYJW TGYFNSNSL FUUWT[FQ TK YMJ XMFWJMTQIJWX FSI HTRUQJYNTS TK YMJ KTWRFQNYNJX UWJXHWNGJI KTW GZ^GFHP TK JVZNY^ XMFWJX ZX & TK YMJ (TRUFSNJX &HY YMJ (TRUFS^ GTZLMY GFHP *VZNY^ 8MFWJX TK `10 each by ZYNQNXNSL YMJ 8JHZWNYNJX 5WJRNZR &HHTZSY (FUNYFQ 7JIJRUYNTS 7JXJW[J MFX GJJS HWJFYJI TZY TK 8JHZWNY^ 5WJRNZR &HHTZSY KTW ` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH &&TKYMJ(TRUFSNJX&HY )ZWNSL YMJ ^JFW JSIJI 2FWHM YMJ (TRUFS^ HTRUQJYJI YMJ FGT[J WJKJWWJI GZ^GFHP TK JVZNY^ XMFWJX FSI GTZLMY GFHP *VZNY^ 8MFWJX TK 7X JFHM G^ ZYNQNXNSL YMJ 8JHZWNYNJX 5WJRNZR &HHTZSY (FUNYFQ 7JIJRUYNTS7JXJW[J MFX GJJS HWJFYJI TZY TK 8JHZWNY^ 5WJRNZR&HHTZSYKTW`2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH &&TKYMJ(TRUFSNJX&HY H )ZWNSL YMJ ^JFW JSIJI 2FWHM FKYJW TGYFNSNSL FUUWT[FQ TK YMJ XMFWJMTQIJWX FSI HTRUQJYNTS TK YMJ KTWRFQNYNJX UWJXHWNGJI KTW GZ^GFHP TK JVZNY^ XMFWJX ZX TK YMJ (TRUFSNJX &HY YMJ (TRUFS^ GTZLMY GFHP *VZNY^ 8MFWJX TK `10 each by ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK8JHZWNY^5WJRNZR&HHTZSYKTW` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH TKYMJ(TRUFSNJX&HY I 9MJ(TRUFS^MFIRFIJFUZGQNHFSSTZSHJRJSYTS+JGWZFW^KTWGZ^GFHPTKRF]NRZRJVZNY^XMFWJXTK` 10 each KTW FS FRTZSY STY J]HJJINSL 7X 2NQQNTS &X TS 2FWHM YMJ GZ^ GFHP TK JVZNY^ XMFWJX KTW 7X 2NQQNTTS \FXƯSFQNXJIFSIJ]JHZYJIG^ZYNQNXNSLYMJ8JHZWNYNJX5WJRNZR&HHTZSY(FUNYFQ7JIJRUYNTS7JXJW[JMFXGJJSHWJFYJITZYTK8JHZWNY^ 5WJRNZR &HHTZSY KTW ` 2NQQNTS GJNSL YMJ STRNSFQ [FQZJ TK JVZNY^ XMFWJX GTZLMY GFHP NS YJWRX TK 8JH TK YMJ (TRUFSNJX &HY 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) )ZWNSLYMJ^JFWJSIJI2FWHM YMJ(TRUFS^HTRUQJYJIYMJFGT[JWJKJWWJIGZ^GFHPTKJVZNY^XMFWJXFSIGTZLMYGFHP *VZNY^ 8MFWJX TK ` JFHM G^ ZYNQNXNSL YMJ 8JHZWNYNJX 5WJRNZR &HHTZSY (FUNYFQ 7JIJRUYNTS7JXJW[J MFX GJJS HWJFYJI TZY TK 8JHZWNY^ 5WJRNZR&HHTZSYKTW` 2NQQNTSGJNSLYMJSTRNSFQ[FQZJTKJVZNY^XMFWJXGTZLMYGFHPNSYJWRXTK8JH TKYMJ(TRUFSNJX&HY D) 9TYFQ SZRGJW TK 4UYNTSX TZYXYFSINSL ZSIJW [FWNTZX JRUQT^JJ XYTHP TUYNTS UQFSX YMFY FWJ HTS[JWYNGQJ NSYT JVZNY^ XMFWJX FX TS 2FWHM FWJ FY2FWHM &UWNQ 7JKJW3TYJ E) Rights and restrictions attached to equity shares: 9MJ(TRUFS^MFXTSQ^TSJHQFXXTKJVZNY^XMFWJX\NYM[TYNSLWNLMYX TSJ[TYJUJWXMFWJ9MJIN[NIJSIUWTUTXJIG^YMJ'TFWITK)NWJHYTWXNX XZGOJHYYTFUUWT[FQTKYMJXMFWJMTQIJWXNSYMJ&SSZFQ,JSJWFQ2JJYNSL.SYMJJ[JSYTKQNVZNIFYNTSTKYMJ(TRUFS^YMJJVZNY^XMFWJMTQIJWX FWJJSYNYQJIYTWJHJN[JTSQ^YMJWJXNIZFQFXXJYXTKYMJ(TRUFS^9MJINXYWNGZYNTSTKIN[NIJSINXNSUWTUTWYNTSYTYMJSZRGJWTKJVZNY^XMFWJX MJQIG^YMJXMFWJMTQIJWX As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 16. OTHER EQUITY Capital Redemption Reserve &RTZSYJVZFQYTYMJHFSHJQQFYNTSTKYMJ (TRUFS^ŤXT\SJVZNY^NSXYWZRJSYXNX YWFSXKJWWJIYT(FUNYFQWJIJRUYNTSWJXJW[J Securities Premium Account &RTZSYWJHJN[JITSNXXZJTKXMFWJXNSJ]HJXX TKUFW[FQZJMFXGJJSHQFXXNƯJIFXXJHZWNYNJX premium Stock Options Outstanding The share option outstanding account is used YT WJHTWI YMJ [FQZJ TK JVZNY^XJYYQJI XMFWJ GFXJI UF^RJSY YWFSXFHYNTSX \NYM JRUQT^JJX The amounts recorded in this account are YWFSXKJWWJI YT XMFWJ UWJRNZR ZUTS J]JWHNXJ TKXYTHPTUYNTSXG^JRUQT^JJX General Reserve 9MNXWJUWJXJSYXFUUWTUWNFYNTSTKUWTƯYG^YMJ Company Foreign Currency Translation Reserve +TWJNLS (ZWWJSH^ 9WFSXQFYNTS 7JXJW[J HTRUWNXJ TK YMJ J]HMFSLJ INKKJWJSHJ WJQFYNSL YTYMJYWFSXQFYNTSTKYMJWJXZQYXFSISJYFXXJYX TK YMJ (TRUFS^ŤX KTWJNLS TUJWFYNTSX KWTR YMJNW KZSHYNTSFQ HZWWJSHNJX YT YMJ (TRUFS^ŤX presentation currency Retained Earnings 7JYFNSJIJFWSNSLXHTRUWNXJTKYMJ(TRUFS^ŤX UWNTW^JFWXŤZSINXYWNGZYJIJFWSNSLXFKYJWYF]JX Other items of Other Comprehensive Income 4YMJW NYJRX TK TYMJW HTRUWJMJSXN[J NSHTRJ HTSXNXYX TK JKKJHY TK WJRJFXZWJRJSY TK SJY IJƯSJIGJSJƯYQNFGNQNY^FXXJY 4,591.90 5,108.56 5,600.79 Distributions proposed: 9MJ 'TFWI TK )NWJHYTWX FY NYX RJJYNSL MJQI TS 2F^ MF[J WJHTRRJSIJI XZGOJHY YT FUUWT[FQ TK XMFWJMTQIJWX F IN[NIJSI TK ` UJWJVZNY^XMFWJTK` JFHM.KFUUWT[JIYMNX \TZQIWJXZQYNSFHFXMTZYưT\TKFUUWT]NRFYJQ^ ` 2NQQNTS NSHQZXN[J TK IN[NIJSI INXYWNGZYNTSYF] 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) As at March 31, 2017 As at March 31, 2016 As at April 1, 2015 17. BORROWINGS - NON CURRENT 9JWRQTFSKWTRGFSP –– – – 184.55 1NSJTK(WJINYXJHZWJIG^4S2TGNQJ,QTGFQ1NRNYJIŤX8YFSIG^QJYYJWTK(WJINY 18. PROVISIONS - NON CURRENT 5WT[NXNTSKTWJRUQT^JJGJSJƯYX 5WT[NXNTSKTW(TRUJSXFYJI&GXJSHJX 5WT[NXNTSKTW5TXYJRUQT^RJSYGJSJƯYX 51.67 43.93 34.67 19. PROVISIONS - CURRENT 5WT[NXNTSKTWJRUQT^JJGJSJƯYX 7JKJW3TYJ 5WT[NXNTSKTW(TRUJSXFYJI&GXJSHJX 5WT[NXNTSKTW,WFYZNY^ 5WT[NXNTSKTWUTXYJRUQT^RJSYGJSJƯYX 5WT[NXNTSKTWYF] 3JYTKFI[FSHJXTK` Million (at March 31, 2016 ` 2NQQNTS FY &UWNQ ` 2NQQNTS 5WT[NXNTS4YMJWX 5WT[NXNTSKTWHTSYNSLJSHNJX WJKJWSTYJ 182.85 208.96 228.96 FINANCIAL LIABILITIES 20. TRADE PAYABLES 9TYFQTZYXYFSINSLIZJXTKHWJINYTWX 2,120.12 2,379.75 2,271.53 21. OTHER FINANCIAL LIABLITIES - CURRENT 8MFWJFUUQNHFYNTS2TSJ^ 7JKJW3TYJ –– 5F^FGQJXTSUZWHMFXJXTK+N]JI&XXJYX (ZWWJSY2FYZWNYNJXTKGTWWT\NSLX – 7JKJW3TYJ (ZWWJSY2FYZWNYNJXTK+NSFSHJ1JFXJ –– obligations .SYJWJXY&HHWZJIGZYSTYIZJTS'TWWT\NSLX – Others – 40.90 252.29 293.78 22. OTHER CURRENT LIABILITES .SHTRJWJHJN[JINSFI[FSHJ:SJFWSJI revenue &I[FSHJKWTR(ZXYTRJWX Other Payables Statutory remittances 4YMJW1NFGNQNY^ 7JKJW3TYJ 379.14 475.11 617.37 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended March For the year ended March 31, 2017 31, 2016 23. REVENUE FROM OPERATIONS 9JQJHTR;FQZJ&IIJI8JW[NHJX 7,202.36 8,157.43 24. OTHER INCOME .SYJWJXYNSHTRJTSƯSFSHNFQFXXJYXFYFRTWYNXJIHTXY +WTR'FSPXTSIJUTXNYX 4S.SHTRJ9F]WJKZSI – )N[NIJSINSHTRJKWTRHZWWJSYNS[JXYRJSYX 4YMJW3TS4UJWFYNSL.SHTRJ 5WT[NXNTSXSTQTSLJWWJVZNWJI\WNYYJSGFHP 7JSYFQ.SHTRJKWTR4UJWFYNSLQJFXJX 2NXHJQQFSJTZX.SHTRJ Other gains and (losses) 3JYLFNSTSKTWJNLSHZWWJSH^YWFSXFHYNTSXFSIYWFSXQFYNTSX 5WTƯYTS8FQJTK+N]JI&XXJYX 3JY 110.53 299.52 25. COST OF SALES AND SERVICES (TSYJSYKJJX (TXYTKXTKY\FWJQNHJSHJXFSITYMJWHMFWLJX 2,983.67 3,125.06 26. EMPLOYEE BENEFITS EXPENSES Salaries and wages (TSYWFHYTWX*]UJSXJX (TSYWNGZYNTSYTUWT[NIJSYKZSIFSITYMJWKZSIX WJKJW3TYJ 8MFWJGFXJIUF^RJSYXYTJRUQT^JJX WJKJW3TYJ 8YFKK\JQKFWJJ]UJSXJX 2,059.78 2,224.84 27. FINANCE COSTS Interest on Short term Borrowings 7.80 17.77 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended March For the year ended March 31, 2017 31, 2016 28. DEPRECIATION AND AMORTISATION EXPENSE )JUWJHNFYNTSTSUWTUJWY^UQFSYFSIJVZNURJSY &RTWYNXFYNTSTKNSYFSLNGQJFXXJYX 554.85 1,494.33 29. OTHER EXPENSES 5T\JWFSI+ZJQ 7JSY 7JKJW3TYJ 7JUFNWXFSI2FNSYJSFSHJ 2FHMNSJW^ 4YMJWX 4KƯHJRFNSYJSFSHJ 7FYJXFSIYF]JX 5WNSYNSLFSIXYFYNTSJW^ 5TXYFLJHTZWNJWFSITHYWTN Communication charges 9WFNSNSLFSI7JHWZNYRJSYJ]UJSXJX Travelling and conveyance 1JLFQUWTKJXXNTSFQ HTSXZQYFSH^HMFWLJX (TRRNXXNTSYT3TS\MTQJYNRJINWJHYTWX 7JRZSJWFYNTSYTFZINYTWX 7JKJW3TYJ 2FWPJYNSLJ]UJSXJX 'FI9WFIJ7JHJN[FGQJX\WNYYJSTKK 1JXX 5WT[NXNTSKTWGFIFSIITZGYKZQIJGYXWJQJFXJI – 5WT[NXNTSKTW)TZGYKZQ9WFIJ7JHJN[FGQJX 'WTPJWFLJFSI(TRRNXXNTS 'FSPHMFWLJX (TWUTWFYJXTHNFQWJXUTSXNGNQNY^ (87J]UJSXJX 3JYQTXXTSKTWJNLSHZWWJSH^YWFSXFHYNTSXFSIYWFSXQFYNTSX 2NXHJQQFSJTZXJ]UJSXJX 1,158.30 1,333.30 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 30 8MFWJFUUQNHFYNTSRTSJ^WJUWJXJSYXFRTZSYXWJHJN[JIKWTRYMJJRUQT^JJXFLFNSXYJRUQT^JJXYTHPTUYNTSXUJSINSLFQQTYRJSY 31 A. Contingent liabilities F (QFNRXFLFNSXYYMJ,WTZUSTYFHPST\QJILJIFXIJGYNX` 2NQQNTS 2FWHM 3NQ &UWNQ 3NQ G )NXUZYJI8JW[NHJYF] ` 2NQQNTS 2FWHM 2NQQNTS &UWNQ 2NQQNTSINXUZYJI.SHTRJ9F]` 2NQQNTS 2FWHM ` 2NQQNTS &UWNQ ` 2NQQNTS FSI INXUZYJI ;FQZJ FIIJI YF] ` 2NQQNTS 2FWHM 3NQ &UWNQ 3NQ B. Capital Commitments F*XYNRFYJI FRTZSY TK HTSYWFHYX SJY TK FI[FSHJX WJRFNSNSL YT GJ J]JHZYJI TS HFUNYFQ FHHTZSY FSI STY UWT[NIJI KTW NX ` 2NQQNTS 2FWHM ` 2NQQNTS &UWNQ ` 2NQQNTS 32 Other liability includes ` 2NQQNTS '71 2NQQNTS 2FWHM `2NQQNTS '71 2NQQNTS &UWNQ ` 2NQQNTS '71 2NQQNTSUF^FGQJYTFHZXYTRJWNS'WF_NQYT\FWIXIJUQT^NSL[FQZJFIIJIXJW[NHJXTSFSJ]HQZXN[JGFXNXNSYMJWJLNTS 33 Auditors Remuneration a) Remuneration to the auditors of the Company: For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 +TW&ZINY +TW9F]FYNTSRFYYJWX For other attest services 7JNRGZWXJRJSYTKJ]UJSXJX Total 10.77 9.32 9MJ(TRUFS^F[FNQXNSUZYHWJINYKTWXJW[NHJYF]FSIMJSHJSTXJW[NHJYF]J]UJSXJ\FXFHHWZJIIZWNSLYMJ^JFW b) Remuneration to the auditors of the Subsidiaries: For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 +TW&ZINY +TW9F]FYNTSRFYYJWX For other attest services 7JNRGZWXJRJSYTKJ]UJSXJX –– Total 11.19 13.03 *RUQT^JJ'JSJƯYX . )JƯSJI(TSYWNGZYNTS5QFSX )ZWNSLYMJ^JFWYMJ(TRUFS^MFXWJHTLSN_JIYMJKTQQT\NSLFRTZSYXNSYMJ8YFYJRJSYTK5WTƯYFSI1TXX For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 *RUQT^JWŤX(TSYWNGZYNTSYT5WT[NIJSY+ZSI (TSYWNGZYNTSKTW+TWJNLS'WFSHMJX .SHQZIJINS3TYJ 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) .. )JƯSJI'JSJƯY5QFSX Gratuity &RTZSYWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXXNSWJXUJHYTKLWFYZNY^HTXYNXFXKTQQT\X For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 Gratuity Cost Current Service Cost Interest Cost *]UJHYJI7JYZWSTS5QFS&XXJYX 7JRJFXZWJRJSYFHYZFWNFQ LFNSQTXXWJHTLSNXJINS4(. Net Gratuity Cost 22.68 15.44 Assumptions )NXHTZSY7FYJ UF UF Salary increase UFKTWƯWXY UFKTWƯWXY ^JFWXFSI UF ^JFWXFSI UF YMJWJFKYJW YMJWJFKYJW 9MJ JXYNRFYJX TK WFYJ TK JXHFQFYNTS NS XFQFW^ HTSXNIJWJI NS FHYZFWNFQ [FQZFYNTS YFPJ NSYT FHHTZSY NSưFYNTS XJSNTWNY^ UWTRTYNTS FSI TYMJW WJQJ[FSYKFHYTWXNSHQZINSLXZUUQ^FSIIJRFSINSYMJJRUQT^RJSYRFWPJY 9MJJ]UJHYJIWFYJTKWJYZWSTSUQFSFXXJYXNXGFXJITSYMJF[JWFLJQTSLYJWRWFYJTKWJYZWSJ]UJHYJITSNS[JXYRJSYXTKYMJKZSIIZWNSLYMJ JXYNRFYJIYJWRTKTGQNLFYNTS 9MJKTQQT\NSLYFGQJXJYXTZYYMJXYFYZXTKYMJLWFYZNY^UQFS As at As at As at Particulars March 31, 2017 March 31, 2016 April 1, 2015 (MFSLJNS5WTOJHYJIGJSJƯY4GQNLFYNTSX 4GQNLFYNTSFYYMJGJLNSSNSLTKYMJUJWNTI Current Service Cost .SYJWJXYTS)JƯSJI'JSJƯY4GQNLFYNTS 'JSJƯYXXJYYQJI 7JRJFXZWJRJSYFHYZFWNFQLFNS QTXX Obligation at the end of the period 96.87 83.16 76.73 Change in plan assets: 4UJSNSL+FNW;FQZJTK5QFS&XXJYX *]UJHYJI7JYZWSTS5QFS&XXJYX 7JRJFXZWJRJSYFHYZFWNFQLFNS QTXX (TSYWNGZYNTSXG^*RUQT^JW SJYTKWNXPUWJRNZRJYH 'JSJƯYXXJYYQJI Closing Fair Value of Plan Assets 74.82 60.68 62.76 7JHTSHNQNFYNTSTK5WJXJSY;FQZJTK)JƯSJI'JSJƯY4GQNLFYNTSFSIYMJ+FNW;FQZJTK5QFS&XXJYX As at As at As at Particulars March 31, 2017 March 31, 2016 April 1, 2015 5WJXJSY[FQZJTKIJƯSJIGJSJƯYTGQNLFYNTS +FNW;FQZJTK5QFS&XXJYX &XXJY 1NFGNQNY^WJHTLSNXJI (22.05) (22.48) (13.97) 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Sensitivity analysis 7JFXTSFGQ^UTXXNGQJHMFSLJXFYYMJWJUTWYNSLIFYJYTTSJTKYMJWJQJ[FSYFHYZFWNFQFXXZRUYNTSXMTQINSLTYMJWFXXZRUYNTSXHTSXYFSY\TZQI MF[JJKKJHYJIYMJIJƯSJIGJSJƯYTGQNLFYNTSG^YMJFRTZSYXMT\SGJQT\ At at March 31, 2017 At at March 31, 2016 Increase Decrease Increase Decrease )NXHTZSYWFYJ RT[JRJSY +ZYZWJXFQFW^LWT\YM RT[JRJSY 2FYZWNY^UWTƯQJTKIJƯSJIGJSJƯYTGQNLFYNTS Particulars As at March 31, 2017 As at March 31, 2016 Within 1 year ^JFWX ^JFWX More than 10 years *XYNRFYJTKFRTZSYTKHTSYWNGZYNTSNSYMJNRRJINFYJQ^SJ]Y^JFW`2NQQNTS &XFY2FWHM 2FWHMFSI&UWNQ TKYMJUQFSFXXJYX\JWJNS[JXYJINSNSXZWJWRFSFLJIKZSIX ... 4YMJWQTSLYJWRGJSJƯYX (TXYTKHTRUJSXFYJIFGXJSHJXJ]UJSXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXX For the year ended For the year ended Particulars* March 31, 2017 March 31, 2016 Compensated absences .SHQZIJINS3TYJ &HYZFWNFQFXXZRUYNTSXKTW(TRUJSXFYJIFGXJSHJXFWJXFRJFXINXHQTXJIFGT[JKTW,WFYZNY^ .; 4YMJWQTSLYJWRGJSJƯYXKTWXZGXNINFWNJX -TQNIF^5F^ &RTZSYJ]UJSXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXX For the year ended For the year ended Particulars* March 31, 2017 March 31, 2016 &RTZSYJ]UJSXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXX .SHQZIJINS3TYJ 35 Operating lease: 9MJ,WTZUNXTGQNLFYJIZSIJWSTSHFSHJQQFGQJTUJWFYNSLQJFXJKTWTKƯHJXUFHJ 9TYFQWJSYFQJ]UJSXJFSIKZYZWJQJFXJUF^RJSYXZSIJWSTSHFSHJQQFGQJTUJWFYNSLQJFXJKTWTKƯHJXUFHJFWJFXKTQQT\X For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 *]UJSXJXWJHTLSNXJINSYMJ(TSXTQNIFYJI8YFYJRJSYTK5WTƯYFSI1TXX ZSIJWSTSHFSHJQQFGQJTUJWFYNSLQJFXJ Future lease payments under non- cancellable leases: 3TYQFYJWYMFS^JFW 1FYJWYMFS^JFWFSISTYQFYJWYMFS^JFWX &IINYNTSFQQ^YMJ,WTZUQJFXJTKƯHJXUFHJZSIJWHFSHJQQFGQJTUJWFYNSLQJFXJX 7JSYFQJ]UJSXJWJHTLSNXJINSYMJ(TSXTQNIFYJI8YFYJRJSYTK5WTƯYFSI Loss under cancellable operating lease 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 36 Employee Stock Option Plans 9MJ(TRUFS^NSXYNYZYJIYMJ*RUQT^JJ8YTHP4UYNTS5QFS *845\MNHM\JWJFUUWT[JIG^YMJ'TFWITK)NWJHYTWX*FHMTUYNTSNXJSYNYQJIYT JVZNY^XMFWJTK` JFHM&QQTUYNTSXJ]UNWJXNS^JFWXFKYJWYMJ[JXYNSLIFYJ)JYFNQXTK*845X\NYMYMJYJWRXTK[JXYNSLFWJFXKTQQT\X Total options Board approval Share holder’s Plan appropriated Terms of Vesting date approval date before bonus 4S2TGNQJ*RUQT^JJX8YTHP 4HY *]YWF4WINSFW^ 1,026,000 TKXZHM4UYNTSXLWFSYJI\TZQI[JXYFYYMJJSI 4UYNTS5QFSŠ. ,JSJWFQ2JJYNSL TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ 4UYNTSJJ MJQITS2FWHM GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ FSI YMJ 4S2TGNQJ*RUQT^JJX8YTHP )JH 3T[JRGJW WJRFNSNSL \TZQI[JXY FY F WFYJ TK YM UJW 4UYNTS5QFSŠ.. 29, 2003 and RTSYM KTW YMJ SJ]Y YMNWY^ XN] RTSYMX KWTR YMJ )JHJRGJW ƯWXY[JXYNSL 2003 4S2TGNQJ*RUQT^JJX8YTHP /ZQ /ZQ TKXZHM4UYNTSXLWFSYJI\TZQI[JXYFYYMJJSI 4UYNTS5QFSŠ... TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ 4UYNTSJJ GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ FSI YMJ WJRFNSNSL \TZQI[JXY FY F WFYJ TK YM UJW RTSYM KTW YMJ SJ]Y YMNWY^ XN] RTSYMX KWTR YMJ ƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX8YTHP /ZQ &ZL TKYMJ4UYNTSXLWFSYJI\TZQI[JXYFYYMJ 4UYNTS5QFSŠ. JSITKY\JQ[J RTSYMXKWTRYMJIFYJTKYMJ LWFSYFSIYMJWJRFNSNSL \TZQI[JXYFYFWFYJ TKYMUJWRTSYMKTWYMJSJ]YYMNWY^XN] RTSYMXKWTRYMJƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX8YTHP /ZQ &ZL FSI TK YMJ TUYNTSX LWFSYJI \TZQI 4UYNTS5QFS.. [JXYFYYMJJSITKTSJ^JFWY\T^JFWXYMWJJ^JFWXFSI KTZW^JFWXKWTRYMJLWFSYIFYJWJXUJHYN[JQ^ 4S2TGNQJ*RUQT^JJX8YTHP 2FW &UW 26,000 TK YMJ 4UYNTSX \TZQI [JXY T[JW F UJWNTI TK 4UYNTS5QFSŠ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ƯWXY;JXYNSL 4S2TGNQJ*RUQT^JJX8YTHP /ZQ &ZL TKXZHM4UYNTSXLWFSYJI\TZQI[JXYFYYMJJSI 4UYNTS5QFS... TK Y\JQ[J RTSYMX KWTR YMJ IFYJ YMJ 4UYNTSJJ GJHTRJX FS JRUQT^JJ TK YMJ (TRUFS^ FSI YMJ WJRFNSNSL \TZQI[JXY FY F WFYJ TK YM UJW RTSYM KTW YMJ SJ]Y YMNWY^ XN] RTSYMX KWTR YMJ Ư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ƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Board approval Share holder’s Total options Plan Terms of Vesting date approval date appropriated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ear ended March 31, 2017 Year ended March 31, 2016 Particulars Weighted average Weighted average Number of Options exercise price (`) Number of Options exercise price (`) per option per option 4UYNTSXLWFSYJITZYXYFSINSLFYYMJGJLNSSNSLTK the year ,WFSYJIIZWNSLYMJ^JFW *]JWHNXJIIZWNSLYMJ^JFW +TWKJNYJIIZWNSLYMJ^JFW Lapsed during the year 4UYNTSXLWFSYJITZYXYFSINSLFYYMJJSITKYMJ^JFW *]JWHNXFGQJFYYMJJSITKYMJUJWNTI 7FSLJTKJ]JWHNXJUWNHJ FKYJWFIOZXYNSLKTWGTSZX ^JFWX ^JFWX issue) ` YT` ` YT` 9MJ KFNW [FQZJ TK JFHM ZSNY ZSIJW YMJ FGT[J RJSYNTSJI UQFSX LWFSYJI IZWNSL YMJ ^JFW NX JXYNRFYJI ZXNSL YMJ 'QFHP8HMTQJX RTIJQ \NYM YMJ KTQQT\NSLFXXZRUYNTSX Grant date 30 May 2016 29 Jul 2016 11 Nov 2016 16 Dec 2016 9 Feb 2017 24 Mar 2017 *]JWHNXJUWNHJ *]UJHYJI[TQFYNQNY^ *]UJHYJIQNKJTKYMJTUYNTS ^JFWX *]UJHYJIIN[NIJSIX 7NXPKWJJNSYJWJXYWFYJ 37 Segment Reporting: 9MJ*]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJWTKYMJHTRUFS^MFXGJJSNIJSYNƯJIFXYMJ(MNJK4UJWFYNSL)JHNXNTS2FPJW (4)2FX IJƯSJIG^.SI&8 4UJWFYNSL8JLRJSYX The Company is engaged in providing value added services in telecom business globally and is considered to constitute a single operating XJLRJSYNSYMJHTSYJ]YTKXJLRJSYWJUTWYNSLFXUWJXHWNGJIG^.SI&8 Ŧ4UJWFYNSL8JLRJSYXŧFSIYMJ(4)2J[FQZFYJXYMJ,WTZUŤX UJWKTWRFSHJFXFXNSLQJTUJWFYNSLXJLRJSY 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) *39.9><.)*).8(148:7*8ǐ.3+472&9.43&'4:9,*4,7&5-.(&1&7*&8 For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 I. Revenue (by location of customer) India 1FYNS&RJWNHF *ZWTUJ &KWNHF &RJWNHF 7JXYTKYMJ As at As at As at II. Non-Current Assets* by geographical location March 31, 2017 March 31, 2016 April 1, 2015 India 1FYNS&RJWNHF *ZWTUJ &KWNHF &RJWNHF 7JXYTKYMJ J]HQZINSL+NSFSHNFQ.SXYWZRJSYX )JKJWWJI9F]&XXJYX III. Information about major customers: HZXYTRJWFHHTZSYJIKTWRTWJYMFS TKYMJHTSXTQNIFYJIWJ[JSZJSTTYMJWXNSLQJHZXYTRJWHTSYWNGZYJI TWRTWJYTYMJ ,WTZUŤXHTSXTQNIFYJIWJ[JSZJKTWGTYM^JFWJSIJI2FWHM FSI2FWHM 38 Earnings per Share For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 5WTƯY 1TXXFKYJWYF]FXUJWYMJ(TSXTQNIFYJI8YFYJRJSYTK5WTƯYFSI Loss (In ` Million) 3TRNSFQ[FQZJTKJVZNY^XMFWJX *FWSNSLX 1TXX5JW8MFWJ Basic )NQZYJI 39 Income Tax For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 .SHTRJYF]J]UJSXJNSYMJ(TSXTQNIFYJIXYFYJRJSYTKUWTƯY FSIQTXXHTSXNXYTK Current income tax: .SWJXUJHYTKHZWWJSYUJWNTI 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 .SWJXUJHYTKUWJ[NTZXUJWNTI Deferred tax .SWJXUJHYTKHZWWJSYUJWNTI .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXX 235.51 308.45 Income tax recognised in other comprehensive income (ZWWJSYYF]FWNXNSLTSNSHTRJFSIJ]UJSXJWJHTLSNXJINSTYMJW comprehensive income 3JYQTXX LFNSTSWJRJFXZWJRJSYTKIJƯSJIGJSJƯYUQFS 3JYQTXX LFNSTSJ]HMFSLJINKKJWJSHJNSYWFSXQFYNSLYMJƯSFSHNFQ – XYFYJRJSYTKKTWJNLSTUJWFYNTSX (3.29) 12.00 9MJWJHTSHNQNFYNTSGJY\JJSYMJUWT[NXNTSTKNSHTRJYF]TKYMJ(TRUFS^FSIFRTZSYXHTRUZYJIG^FUUQ^NSLYMJNSINFSXYFYZYTW^ NSHTRJYF]WFYJYTUWTƯYGJKTWJYF]JXNXFXKTQQT\X For the year ended For the year ended Particulars March 31, 2017 March 31, 2016 5WTƯYGJKTWJYF] *SFHYJINSHTRJYF]WFYJNS.SINF (TRUZYJIJ]UJHYJIYF]J]UJSXJ Effect of: .SHTRJYMFYNXJ]JRUYKWTRYF] *]UJSXJXYMFYFWJSTYIJIZHYNGQJNSIJYJWRNSNSLYF]FGQJUWTƯY )JKJWWJIYF]FXXJYSTYWJHTLSNXJITSQTXXJX Others .SHTRJYF]J]UJSXJWJHTLSNXJINSYMJXYFYJRJSYTKUWTƯYFSIQTXX 235.51 308.45 9MJYF]WFYJXZSIJW.SINFS.SHTRJ9F]&HYKTWYMJ^JFWJSIJI2FWHM FSI2FWHMNX Deferred tax )JKJWWJIYF]FXXJYXFXFY2FWHM FWJFXKTQQT\X Adjustment Recognised in Recognised in for foreign April 1, 2016 March 31, 2017 5WTƯYFSIQTXX OCI currency translation )NKKJWJSHJGJY\JJSGTTPFSIYF] depreciation 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJX LWFYZNY^ITZGYKZQIJGYXJYH 2&9(WJINY*SYNYQJRJSY 291.11 104.39 3.29 (20.33) 378.46 160 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) )JKJWWJIYF]FXXJYXFXFY2FWHMFWJFXKTQQT\X Adjustment Recognised in Recognised in for foreign April 1, 2015 March 31, 2016 5WTƯYFSIQTXX OCI currency translation )NKKJWJSHJGJY\JJSGTTPFSIYF] –– depreciation 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJX LWFYZNY^ITZGYKZQIJGYXJYH 2&9(WJINY*SYNYQJRJSY –– 352.40 58.04 (12.00) (107.33) 291.11 )JKJWWJIYF]QNFGNQNYNJXFXFY2FWHMFWJFXKTQQT\X Adjustment Recognised in Recognised in for foreign April 1, 2015 March 31, 2016 5WTƯYFSIQTXX OCI currency translation 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJX LWFYZNY^ITZGYKZQIJGYXJYH 1.43 0.00 0.00 (0.26) 1.17 )JKJWWJIYF]QNFGNQNYNJXFXFY2FWHM FWJFXKTQQT\X Adjustment Recognised in Recognised in for foreign April 1, 2016 March 31, 2017 5WTƯYFSIQTXX OCI currency translation 4YMJWX 5WT[NXNTSKTWHTRUJSXFYJIFGXJSHJX LWFYZNY^ITZGYKZQIJGYXJYH 1.17 0.00 0.00 (0.09) 1.08 40 9MJIJYFNQXTK5WT[NXNTSXZSIJW.SI&8 Ŧ5WT[NXNTSX(TSYNSLJSYQNFGNQNYNJXFSI(TSYNSLJSYFXXJYXŧFWJFXZSIJW Probable Provision Provision Provision TZYưT\ outstanding Provision made ZYNQN_JI outstanding as Nature of Expense estimated as at during the year adjusted during at March 31, within April 1, 2016 the year 2017 4YMJWUWT[NXNTSXHWJINYSTYJFSITYMJWX 3TYQFYJW – than 1 year - ^JFWX ––– 8.72 – 0.67 8.05 Previous year 25.32 – 16.60 8.72 161 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 41 Transactions with related parties I List of Related parties and relationship: Sl No. Relationship Related parties Related parties with whom the Company had transactions (i) Key Management Personnel 7FON[5FSHMTQ^2FSFLNSL)NWJHYTWFSI(MNJK*]JHZYN[J4KƯHJ YNQQ YM+JG +WFS«TNX(MFWQJX8NWTNX*]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJW 7FON[0MFNYFS.SIJUJSIJSY)NWJHYTW 3FSH^(WZNHPXMFSP.SIJUJSIJSY)NWJHYTW 8FSOF^'F\JOF.SIJUJSIJSY)NWJHYTW 3JMHMFQ8FSIMZ.SIJUJSIJSY)NWJHYTW 5FXHFQ9WJRGQF^.SIJUJSIJSY)NWJHYTW 3FWJXM2FQMTYWF.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ -FWNY3FLUFQ.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ 'WZST)ZHMFWRJ.SIJUJSIJSY)NWJHYTW YNQQYM/ZQ^ 5WF[JJS0ZRFW0/(MNJK+NSFSHNFQ4KƯHJW 5;;FWFUWFXFI(TRUFS^8JHWJYFW^ (ii) Enterprises owned or 4S2TGNQJ8^XYJRX.SH:8& XNLSNƯHFSYQ^NSưZJSHJIG^ PJ^RFSFLJRJSYUJWXTSSJQ Directors or their relatives II Transactions with Related Parties: Key Management Personnel Sl No. Nature of transactions March 31, 2017 March 31, 2016 1 Remuneration to Key management personnel (Refer Note 3 below) 8MTWYYJWRJRUQT^JJ GJSJƯYX 8MFWJGFXJIUF^RJSY Others 2 Advances given 7FON[5FSHMTQ^ – Total 99.59 78.28 III Balances with Related Parties: Key Management Personnel Sl No. Nature of transactions March 31, 2017 March 31, 2016 April 1, 2015 1 Amount Receivables under: Other Financial Assets 7FON[5FSHMTQ^ – Total - 9.45 1.30 3TYJX 7JQFYJIUFWY^WJQFYNTSXMNUXFWJFXNIJSYNƯJIG^YMJ(TRUFS^TSYMJGFXNXTKNSKTWRFYNTSF[FNQFGQJFSIWJQNJIZUTSG^YMJFZINYTWX 3TFRTZSYMFXGJJS\WNYYJSTKKIZWNSLYMJ^JFWNSWJXUJHYTKIJGYXIZJKWTRWJQFYJIUFWY^ *RUQT^RJSYGJSJƯYXJ]HQZIJXLWFYZNY^FSIHTRUJSXFYJIFGXJSHJX\MNHMHFSSTYGJXJUFWFYJQ^NIJSYNƯJIKWTRYMJHTRUTXNYJFRTZSY FI[NXJIG^YMJFHYZFW^ 42 9MJWJ FWJ ST IZJX YT 2NHWT FSI 8RFQQ *SYJWUWNXJX FX FY 2FWHM 9MJ NSKTWRFYNTS INXHQTXZWJ \NYM WJLFWI YT 2NHWT FSI 8RFQQ *SYJWUWNXJXNXGFXJITSNSKTWRFYNTSHTQQJHYJIG^YMJ2FSFLJRJSYTSJSVZNWNJXRFIJ\NYMYMJ[JSITWX\MNHMMF[JGJJSWJQNJIZUTSG^YMJ FZINYTWX 162 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 43 9TYFQJ]UJSINYZWJNSHZWWJITS(TWUTWFYJ8THNFQ7JXUTSXNGNQNY^FHYN[NYNJXTYMJWYMFSHTSXYWZHYNTSFHVZNXNYNTSTKFXXJYXIZWNSLYMJ^JFWJSIJI 2FWHM NX7X2NQQNTS IZWNSLYMJ^JFWJSIJI2FWHM ` 1 Million) 44 7JXJFWHM YF] WJGFYJ FHHWZJI FX TYMJW NSHTRJ KTW 4S2TGNQJ 8& 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UWNHJTKFƯSFSHNFQNSXYWZRJSY9MJ[FQZJTKFƯSFSHNFQNSXYWZRJSYRF^HMFSLJFXFWJXZQYTKHMFSLJXNSYMJNSYJWJXYWFYJXKTWJNLSHZWWJSH^ J]HMFSLJ WFYJ JVZNY^ UWNHJ ưZHYZFYNTSX QNVZNINY^ FSI TYMJW RFWPJY HMFSLJX +ZYZWJ XUJHNƯH RFWPJY RT[JRJSYX HFSSTY GJ STWRFQQ^ UWJINHYJI\NYMWJFXTSFGQJFHHZWFH^ (i) Interest rate risk: .SYJWJXY WFYJ WNXP NX YMJ WNXP YMFY YMJ KFNW [FQZJ TW KZYZWJ HFXM ưT\X TK F ƯSFSHNFQ NSXYWZRJSY \NQQ ưZHYZFYJ GJHFZXJ TK HMFSLJX NS RFWPJY NSYJWJXY WFYJX 9MJ ,WTZUŤX J]UTXZWJ YT YMJ WNXP TK HMFSLJX NS RFWPJY NSYJWJXY WFYJX WJQFYJX UWNRFWNQ^ YT ,WTZUŤX NS[JXYRJSYX 9MJ ,WTZUŤX NS[JXYRJSYXFWJUWNRFWNQ^XMTWYYJWR\MNHMITSTYJ]UTXJNYYTXNLSNƯHFSYNSYJWJXYWFYJWNXP 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) (ii) Foreign currency exchange rate risk: 9MJưZHYZFYNTSNSKTWJNLSHZWWJSH^J]HMFSLJWFYJXRF^MF[JUTYJSYNFQNRUFHYTSYMJNSHTRJXYFYJRJSYFSIJVZNY^\MJWJFS^YWFSXFHYNTS WJKJWJSHJX RTWJ YMFS TSJ HZWWJSH^ TW \MJWJ FXXJYXQNFGNQNYNJX FWJ IJSTRNSFYJI NS F HZWWJSH^ TYMJW YMFS YMJ KZSHYNTSFQ HZWWJSH^ TK YMJ WJXUJHYN[J KTWJNLS TUJWFYNTSX 9MJ ,WTZU JSYJWX NSYT KTW\FWI KTWJNLS J]HMFSLJ HTSYWFHYX YT MJILJ NYX J]UTXZWJ YT KTWJNLS HZWWJSH^ WNXP FWNXNSLTSYMJSJYJ]UTWYTKXJW[NHJX 9MJHFWW^NSLFRTZSYXTKYMJ,WTZUŤXKTWJNLSHZWWJSH^IJSTRNSFYJIRTSJYFW^FXXJYXFSIRTSJYFW^QNFGNQNYNJXFYYMJJSITKYMJWJUTWYNSL UJWNTIFWJFXKTQQT\X As at 31-Mar-2017 Particulars USD EURO BDT Other Total currencies* Assets Trade receivables (FXMFSIHFXMJVZN[FQJSYX Other assets Liabilities Trade payable Other liabilities 3JYFXXJYXQNFGNQNYNJX 944.11 (100.67) 127.45 236.26 1,207.15 4YMJWHZWWJSHNJXNSHQZIJ*,5'71(&)2=32>78,)(455*3?&7JYH As at 31-Mar-2016 Particulars USD EURO BDT Other Total currencies* Assets Trade receivables (FXMFSIHFXMJVZN[FQJSYX Other assets Liabilities Trade payable Other liabilities 3JYFXXJYXQNFGNQNYNJX 984.01 95.96 93.71 27.55 1,201.23 4YMJWHZWWJSHNJXNSHQZIJ*,5'71(&)2=32>78,)(455*3?&7JYH As at 1-Apr-2015 Particulars USD EURO BDT Other Total currencies* Assets Trade receivables (FXMFSIHFXMJVZN[FQJSYX Other assets Liabilities Trade payable Other liabilities 3JYFXXJYXQNFGNQNYNJX 831.45 (10.06) 56.81 (29.59) 848.61 4YMJWHZWWJSHNJXNSHQZIJ*,5'71(&)2=32>78,)(455*3?&7JYH 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 9MJ ,WTZU NX RFNSQ^ J]UTXJI YT :8) *:7 ')9 KTW YMJ ^JFW JSIJI 2FWHM *[JW^ NSHWJFXJIJHWJFXJ NS YMJ XFNI HZWWJSHNJX HTRUFWJI YT .SINFS 7ZUJJ \TZQI NRUFHY UWTƯY FSI JVZNY^ G^ FSI WJXUJHYN[JQ^ +TW YMJ ^JFW JSIJI 2FW YMJNRUFHYTSUWTƯYFSIJVZNY^\FX FSI WJXUJHYN[JQ^ )JWN[FYN[JƯSFSHNFQNSXYWZRJSYX 9MJ ,WTZU NX J]UTXJI YT KTWJNLS HZWWJSH^ ưZHYZFYNTSX TS KTWJNLS HZWWJSH^ FXXJYX QNFGNQNYNJX FSI KTWJHFXYJI HFXM ưT\X IJSTRNSFYJI NS KTWJNLSHZWWJSH^9MJ,WTZUKTQQT\XJXYFGQNXMJIWNXPRFSFLJRJSYUTQNHNJXNSHQZINSLYMJZXJTKIJWN[FYN[JXYTMJILJKTWJNLSHZWWJSH^FXXJYX QNFGNQNYNJXFSIKTWJNLSHZWWJSH^KTWJHFXYJIHFXMưT\X9MJHTZSYJWUFWY^NSYMJXJIJWN[FYN[JNSXYWZRJSYXNXFGFSPFSIYMJ,WTZUHTSXNIJWX YMJWNXPXTKSTSUJWKTWRFSHJG^YMJHTZSYJWUFWY^FXSTSRFYJWNFQ 9MJKTQQT\NSLYFGQJUWJXJSYXYMJFLLWJLFYJHTSYWFHYJIUWNSHNUFQFRTZSYXTKYMJ,WTZUŤXIJWN[FYN[JHTSYWFHYXTZYXYFSINSL Non designated derivative As at As at As at Currency As at As at As at Instrument March 31, March 31, April 1, 2015 March 31, March 31, April 1, 2017 Nominal 2016 Nominal Nominal Value 2017 2016 2015 Value Value (In ` Million) (In ` Million) (In ` Million) (Foreign (Foreign (Foreign Currency in Currency in Currency in Million) Million) Million) +TW\FWI(TSYWFHY 8*11 2=3:8) +TW\FWI(TSYWFHY 8*11 :8).37 +TW\FWI(TSYWFHY 8*11 *:7:8) +TW\FWI(TSYWFHY 8*11 *:7.37 +TW\FWI(TSYWFHY 8*11 '71:8) Total Forward contracts 434.85 1,158.92 162.30 - 6.50 16.41 2.48 9MJKTWJNLSJ]HMFSLJKTW\FWIHTSYWFHYXRFYZWJ\NYMNSRTSYMX9MJYFGQJGJQT\FSFQ^_JXYMJIJWN[FYN[JƯSFSHNFQNSXYWZRJSYXNSYT WJQJ[FSYRFYZWNY^LWTZUNSLXGFXJITSYMJWJRFNSNSLUJWNTIFXFYYMJWJUTWYNSLIFYJ Particulars As at As at As at March 31, March 31, April 1, 2017 Nominal 2016 Nominal 2015 Value Value Nominal Value (In ` Million) (In ` Million) (In ` Million) 3TYQFYJWYMFSRTSYM Later than 1 month but not later than 3 months Later than 3 months but not later than 1 year 434.85 1,158.92 162.30 .SWJXUJHYTKYMJ,WTZUŤXKTW\FWIHTSYWFHYXF IJHWJFXJNSHWJFXJNSYMJWJXUJHYN[JJ]HMFSLJWFYJXTKJFHMTKYMJHZWWJSHNJXZSIJWQ^NSL XZHMHTSYWFHYX\TZQIMF[JWJXZQYJINS F FS FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJ NS YMJ (TRUFS^ŤX SJY UWTƯY FSI FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJNSJVZNY^FXFY2FWHM G FS FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJ NS YMJ (TRUFS^ŤX SJY UWTƯY FSI FUUWT]NRFYJQ^ NSHWJFXJ FSI IJHWJFXJNSJVZNY^FXFY2FWHM Credit risk (WJINY WNXP NX YMJ WNXP TK ƯSFSHNFQ QTXX YT YMJ ,WTZU NK F HZXYTRJW TW HTZSYJWUFWY^ YT F ƯSFSHNFQ NSXYWZRJSY KFNQX YT RJJY NYX HTSYWFHYZFQ TGQNLFYNTSX FSI FWNXJX UWNSHNUFQQ^ KWTR YMJ ,WTZUŤX WJHJN[FGQJX KWTR HZXYTRJWX FSI NS[JXYRJSY XJHZWNYNJX (WJINY WNXP FWNXJX KWTR HFXM MJQI \NYM GFSPX FSI ƯSFSHNFQ NSXYNYZYNTSX FX \JQQ FX HWJINY J]UTXZWJ YT HQNJSYX NSHQZINSL TZYXYFSINSL FHHTZSYX WJHJN[FGQJ 9MJ RF]NRZR J]UTXZWJYTHWJINYWNXPNXJVZFQYTYMJHFWW^NSL[FQZJTKYMJƯSFSHNFQFXXJYX9MJTGOJHYN[JTKRFSFLNSLHTZSYJWUFWY^HWJINYWNXPNXYTUWJ[JSY QTXXJXNSƯSFSHNFQFXXJYX(WJINYWNXPJSHTRUFXXJXGTYMYMJINWJHYWNXPTKIJKFZQYFSIYMJWNXPTKIJYJWNTWFYNTSTKHWJINY\TWYMNSJXXFX\JQQFX HTSHJSYWFYNTSWNXPX9MJ,WTZUFXXJXXJXYMJHWJINYVZFQNY^TKYMJHTZSYJWUFWYNJXYFPNSLNSYTFHHTZSYYMJNWƯSFSHNFQUTXNYNTSUFXYJ]UJWNJSHJ FSITYMJWKFHYTWX 166 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) i) Trade and other receivables 9MJ ,WTZUŤX J]UTXZWJ YT HWJINY WNXP NX NSưZJSHJI RFNSQ^ G^ YMJ NSIN[NIZFQ HMFWFHYJWNXYNHX TK JFHM HZXYTRJW 9MJ IJRTLWFUMNHX TK YMJ HZXYTRJW NSHQZINSL YMJ IJKFZQY WNXP TK YMJ NSIZXYW^ FSI HTZSYW^ NS \MNHM YMJ HZXYTRJW TUJWFYJX FQXT MFX FS NSưZJSHJ TS HWJINY WNXP FXXJXXRJSY9MJKTQQT\NSLYFGQJLN[JXIJYFNQXNSWJXUJHYTKUJWHJSYFLJTKWJ[JSZJXLJSJWFYJIKWTRYTUHZXYTRJWFSIYTUHZXYTRJWX For the year ended Particulars March 31, March 31, 2017 2017 7J[JSZJKWTRYTUHZXYTRJW 7J[JSZJKWTRYTUHZXYTRJWX HZXYTRJWFHHTZSYJIKTWRTWJYMFS TKYMJHTSXTQNIFYJIWJ[JSZJSTTYMJWXNSLQJHZXYTRJWHTSYWNGZYJI TWRTWJYTYMJ,WTZUŤX HTSXTQNIFYJIWJ[JSZJKTWGTYM^JFWJSIJI2FWHM FSI2FWHM ii) Investments 9MJ ,WTZU QNRNYX NYX J]UTXZWJ YT HWJINY WNXP G^ LJSJWFQQ^ NS[JXYNSL NS QNVZNI XJHZWNYNJX FSI TSQ^ \NYM HTZSYJWUFWYNJX YMFY MF[J F LTTI HWJINY WFYNSL 9MJ ,WTZU ITJX STY J]UJHY FS^ QTXXJX KWTR STS UJWKTWRFSHJ G^ YMJXJ HTZSYJWUFWYNJX FSI ITJX STY MF[J FS^ XNLSNƯHFSY HTSHJSYWFYNTSTKJ]UTXZWJXYTXUJHNƯHNSIZXYW^XJHYTWX Liquidity risk 1NVZNINY^WNXPNXYMJWNXPYMFYYMJ,WTZU\NQQSTYGJFGQJYTRJJYNYXƯSFSHNFQTGQNLFYNTSXFXYMJ^GJHTRJIZJ9MJTGOJHYN[JTKQNVZNINY^WNXP RFSFLJRJSY NX YT RFNSYFNS XZKƯHNJSY QNVZNINY^ FSI JSXZWJ YMFY KZSIX FWJ F[FNQFGQJ KTW ZXJ FX UJW WJVZNWJRJSYX9MJ ,WTZU RFSFLJX NYX QNVZNINY^WNXPG^JSXZWNSLFXKFWFXUTXXNGQJYMFYNY\NQQFQ\F^XMF[JXZKƯHNJSYQNVZNINY^YTRJJYNYXQNFGNQNYNJX\MJSIZJ9MJ,WTZUŤXHTWUTWFYJ YWJFXZW^IJUFWYRJSYNXWJXUTSXNGQJKTWQNVZNINY^RFSFLJRJSYKZSINSLFX\JQQFXXJYYQJRJSYRFSFLJRJSY.SFIINYNTSUWTHJXXJXFSIUTQNHNJX WJQFYJIYTXZHMWNXPXFWJT[JWXJJSG^XJSNTWRFSFLJRJSY9MJ,WTZUNS[JXYXNYŤXXZWUQZXKZSIXNS'FSPƯ]JIIJUTXNYFSIQNVZNIFSIQNVZNIUQZX XHMJRJXTKRZYZFQKZSIXFSIXMTWYYJWRRZYZFQKZSIX\MNHMHFWW^STQT\RFWPYTRFWPJYWNXPX 9MJ+ZSI5TXNYNTSTKYMJ,WTZUNXLN[JSGJQT\ Particulars As at March As at March As at 31, 2017 31, 2016 April 1, 2015 (ZWWJSY&XXJYX (FXMFSIHFXMJVZN[FQJSYX Current investments Total 3,061.30 3,208.68 2,713.45 9MJYFGQJGJQT\UWT[NIJXIJYFNQXWJLFWINSLYMJHTSYWFHYZFQRFYZWNYNJXTK XNLSNƯHFSYƯSFSHNFQQNFGNQNYNJX Particulars As at March As at March As at 31, 2017 31, 2016 April 1, 2015 Less than 1 Less than 1 Less than 1 >JFW >JFW >JFW Trade payables 4YMJWƯSFSHNFQQNFGNQNYNJX Total 2,161.02 2,632.04 2,565.31 48 Transition to Ind AS 9MJ ,WTZU MFX UWJUFWJI ƯSFSHNFQ XYFYJRJSYX \MNHM HTRUQ^ \NYM .SI &8 FUUQNHFGQJ KTW UJWNTIX JSINSL TS 2FWHM YTLJYMJW \NYM YMJ HTRUFWFYN[J UJWNTI IFYF FX FY FSI KTW YMJ ^JFW JSIJI 2FWHM FX IJXHWNGJI NS YMJ XZRRFW^ TK XNLSNƯHFSY FHHTZSYNSL UTQNHNJX .SUWJUFWNSLYMJXJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYXYMJ,WTZUŤXTUJSNSLGFQFSHJXMJJY\FXUWJUFWJIFXFY&UWNQYMJ,WTZUŤXIFYJ TKYWFSXNYNTSYT.SI&89MNXSTYJJ]UQFNSXYMJUWNSHNUFQFIOZXYRJSYXRFIJG^YMJ,WTZUNSWJXYFYNSLNYX5WJ[NTZX,&&5ƯSFSHNFQXYFYJRJSYX NSHQZINSLYMJ(TSXTQNIFYJIGFQFSHJXMJJYFXFY&UWNQFSIYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYXFXFYFSIKTWYMJ^JFWJSIJI2FWHM .S UWJUFWNSL YMJXJ (TSXTQNIFYJI ƯSFSHNFQ XYFYJRJSYX YMJ ,WTZU MFX F[FNQJI NYXJQK TK TUYNTSFQ J]JRUYNTSX FSI RFSIFYTW^ J]HJUYNTSX NS FHHTWIFSHJ\NYM.SI&8FXJ]UQFNSJIGJQT\ 167 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) Transition Policies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ƯSFSHNFQFXXJYXFSIƯSFSHNFQQNFGNQNYNJX 9MJ,WTZUMFXFUUQNJIYMJIJWJHTLSNYNTSWJVZNWJRJSYXTKƯSFSHNFQFXXJYXFSIƯSFSHNFQQNFGNQNYNJXUWTXUJHYN[JQ^KTWYWFSXFHYNTSXTHHZWWNSLTS TWFKYJW&UWNQ YMJYWFSXNYNTSIFYJ Share based payments transactions 9MJ ,WTZU MFX F[FNQJI J]JRUYNTS F[FNQFGQJ ZSIJW .SI &8 TS FUUQNHFYNTS TK .SI &8 Ŧ8MFWJ 'FXJI 5F^RJSYŧ YT JVZNY^ NSXYWZRJSYX YMFY[JXYJIGJKTWJYMJIFYJTKYWFSXNYNTSYT.SI&8 Business Combinations Ŧ9MJ ,WTZU JQJHYJI YT FUUQ^ .SI &8 UWTXUJHYN[JQ^ YT GZXNSJXX HTRGNSFYNTSX THHZWWNSL FKYJW NYX YWFSXNYNTS IFYJ 'ZXNSJXXHTRGNSFYNTSXTHHZWWNSLUWNTWYTYMJYWFSXNYNTSIFYJMF[JSTYGJJSWJXYFYJI9MJ,WTZUMFXFUUQNJIXFRJJ]JRUYNTSKTWNS[JXYRJSY NSFXXTHNFYJXŧ *XYNRFYJXJ]HJUYNTS Ŧ&XUJW.SI&8FSJSYNY^ŤXJXYNRFYJXNSFHHTWIFSHJ\NYM.SI&8XFYYMJIFYJTKYWFSXNYNTSYT.SI&8XMFQQGJHTSXNXYJSY\NYMJXYNRFYJXRFIJ KTW YMJ XFRJ IFYJ NS FHHTWIFSHJ \NYM UWJ[NTZX ,&&5 FKYJW FIOZXYRJSYX YT WJưJHY FS^ INKKJWJSHJX NS FHHTZSYNSL UTQNHNJX ZSQJXX YMJWJ NX TGOJHYN[JJ[NIJSHJYMFYYMTXJJXYNRFYJX\JWJNSJWWTW 9MJ,WTZURFIJJXYNRFYJXKTWNRUFNWRJSYTKƯSFSHNFQFXXJYXGFXJITSJ]UJHYJIHWJINYQTXXRTIJQNSFHHTWIFSHJ\NYM.SI&8FYYMJIFYJTK YWFSXNYNTSFXYMNX\FXSTYWJVZNWJIZSIJWUWJ[NTZX,&&5 4YMJW.SI&8JXYNRFYJXFXFY&UWNQFWJHTSXNXYJSY\NYMYMJJXYNRFYJXFXFYYMJXFRJIFYJRFIJNSHTSKTWRNY^\NYMUWJ[NTZX,&&5 49 First-time Ind AS adoption reconciliations: 9MJKTQQT\NSLWJHTSHNQNFYNTSXUWT[NIJFVZFSYNƯHFYNTSTKYMJJKKJHYTKXNLSNƯHFSYINKKJWJSHJXFWNXNSLKWTRYMJYWFSXNYNTSKWTRprevious,&&5YT .SI&8NSFHHTWIFSHJ\NYM.SI&8 (a) Reconciliation of total equity as at March 31, 2016 and April 01, 2015 Particulars Notes As at March 31, 2016 As at April 01, 2015 Total equity (shareholders’ fund) under previous GAAP 6,038.19 6,568.75 5WTUTXJIIN[NIJSIFSIYF]YMJWJTS iv Others Total equity under Ind AS 6,189.67 6,692.99 (b) Reconciliation of total comprehensive income Particulars Notes As at March 31, 2016 Net Income under previous GAAP (126.36) (TXYTKYMJJRUQT^JJXYTHPTUYNTSXHMJRJFYKFNW[FQZJ ii *]HMFSLJINKKJWJSHJXNSYWFSXQFYNSLYMJƯSFSHNFQXYFYJRJSYXTKKTWJNLSTUJWFYNTSX i 7JRJFXZWJRJSYXTKYMJIJƯSJIGJSJƯYQNFGNQNYNJX FXXJY&HYZFWNFQ,FNS 1TXX iii 9F]FIOZXYRJSYXTSFGT[J 5WTƯYKTWYMJUJWNTIZSIJW.SI&8 (276.83) Other Comprehensive income Total comprehensive income under Ind AS (200.27) 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) H (FXMưT\XYFYJRJSY 9MJWJ\JWJSTXNLSNƯHFSYWJHTSHNQNFYNTSNYJRXGJY\JJSHFXMưT\XUWJUFWJIZSIJW5WJ[NTZX,&&5FSIYMTXJUWJUFWJIZSIJW.SI&8 Notes: N :SIJWYMJUWJ[NTZX,&&5KTWJNLSHZWWJSH^YWFSXFHYNTSXTKYMJ(TRUFS^ŤXNSYJLWFQKTWJNLSTUJWFYNTSX\JWJFHHTZSYJIFYYMJJ]HMFSLJ WFYJXUWJ[FNQNSLTSYMJIFYJTKYMJYWFSXFHYNTSTWFYWFYJXYMFYHQTXJQ^FUUWT]NRFYJYMJWFYJFYYMJIFYJTKYMJYWFSXFHYNTS FSIJ]HMFSLJ INKKJWJSHJX FWNXNSL TS XJYYQJRJSY WJXYFYJRJSY TK 8MTWYYJWR KTWJNLS HZWWJSH^ RTSJYFW^ FXXJYX FSI QNFGNQNYNJX \JWJ WJHTLSNXJI FX NSHTRJTWJ]UJSXJNSYMJ8YFYJRJSYTK5WTƯYFSI1TXX :SIJW .SI &8 YMJ KZSHYNTSFQ HZWWJSH^ TK YMJ KTWJNLS TUJWFYNTSX \JWJ FXXJXXJI FY YWFSXNYNTS IFYJ FSI \JWJ HTSHQZIJI FX YMJ HZWWJSH^ TK YMJ JHTSTRNH JS[NWTSRJSY TK YMJ KTWJNLS TUJWFYNTSX 9MJ WJXZQYX FSI Ư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ƯY FSI 1TXX FX YMJ KFNW [FQZJ TK YMJ XMFWJX ZSIJW YMJ LWFSY TS YMJ IFYJ TK LWFSY JVZFQQJI NYX J]JWHNXJ UWNHJ:SIJW .SI &8 YMJ HTXY TK YMJ JRUQT^JJ XYTHP TUYNTSX NX WJHTLSNXJINSYMJ8YFYJRJSYTK5WTƯYFSI1TXXT[JWYMJ[JXYNSLUJWNTIGFXJITSYMJKFNW[FQZJTKYMJTUYNTSXFYYMJLWFSYIFYJ NNN :SIJW YMJ UWJ[NTZX ,&&5 FQQ FHYZFWNFQ LFNSX FSI QTXXJX \JWJ WJHTLSNXJI NS YMJ 8YFYJRJSY TK 5WTƯY FSI 1TXX:SIJW .SI &8 FHYZFWNFQ LFNSXFSIQTXXJXYMFYKTWRUFWYTKWJRJFXZWJRJSYTKYMJSJYIJƯSJIGJSJƯYQNFGNQNY^FXXJYFSIYMJHTWWJXUTSINSLYF]JKKJHYYMJWJTS FWJWJHTLSNXJINS4YMJW(TRUWJMJSXN[J.SHTRJ N[ :SIJW .SI &8 QNFGQNY^ KTW IN[NIJSI NX WJHTLSNXJI NS YMJ UJWNTI NS \MNHM YMJ TGQNLFYNTS YT UF^ NX JXYFGQNXMJI :SIJW YMJ UWJ[NTZX ,&&5 YMJQNFGNQNY^KTWIN[NIJSI\FXWJHTLSNXJINSYMJUJWNTIYT\MNHMYMJIN[NIJSIWJQFYJXYMTZLMYMJIN[NIJSINXFUUWT[JIG^YMJXMFWJMTQIJWX XZGXJVZJSYYTWJUTWYNSLIFYJ(TSXJVZJSYQ^IN[NIJSIUF^FGQJNXQT\JWFSIWJYFNSJIJFWSNSLXNXMNLMJWZSIJW.SI&8 50 Particulars Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule III to the Companies Act, 2013 Name of the entity Net assets, i.e., total 8MFWJTKUWTƯYTW QTXX Share of other Share of total assets minus total for the year ended comprehensive income comprehensive income liabilities as at March March 31, 2017 for the year ended March for the year ended March 31, 2017 31, 2017 31, 2017 As % of Amount As % of Amount As % of Amount As % of Amount consoli- ` consol- ` consoli- ` consol- ` dated net Millions idated Millions dated OCI Millions idated Millions assets UWTƯYTW Total loss Compre- hensive income Parent - OnMobile Global Limited 61% 3,430.05 -307% (432.00) 129% (157.36) -3069% (589.36) Subsidiaries: Foreign: 4S2TGNQJ8NSLFUTWJ5YJ1YI 594S2TGNQJ.SITSJXNF 8JW[NHNTX)J9JQJKTSNF 4S2TGNQJ8F)J([ OnMobile Brasil Sistemas )J;FQTW&LWJLFIT5FWF (TRZSNHFHTJX2T[JNX1YIF 4S2TGNQJ,QTGFQKTW Telecommunication Services 4S2TGNQJ9JQJHTR'ZWPNSF +FXT8&71 169 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 50 Particulars Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule III to the Companies Act, 2013 Name of the entity Net assets, i.e., total 8MFWJTKUWTƯYTW QTXX Share of other Share of total assets minus total for the year ended comprehensive income comprehensive income liabilities as at March March 31, 2017 for the year ended March for the year ended March 31, 2017 31, 2017 31, 2017 As % of Amount As % of Amount As % of Amount As % of Amount consoli- ` consol- ` consoli- ` consol- ` dated net Millions idated Millions dated OCI Millions idated Millions assets UWTƯYTW Total loss Compre- hensive income 4S2TGNQJ9ZWPJ^ 9JQJPTRZSNPFX^TS8NXYJRQJWN 1NRNYJIċNWPJYN 4S2TGNQJ,QTGFQ(_JHM 7JUZGQNH874 OnMobile Live Inc 4S2TGNQJ0JS^F9JQJHTR Limited OnMobile Telecom Limited 4S2TGNQJ2FQN8&71 4S2TGNQJ8JSJLFQ8&71 OnMobile Servicios (TWUTWFYN[TX)J9JQJKTSNF 8&)*(; 4S2TGNQJ(TXYF7NHF4'(7 8& 4S2TGNQJ,MFSF9JQJHTR Limited OnMobile Madagascar Telecom Limited 4S2TGNQJ3NLJWNF9JQJHTR Limited 4S2TGNQJ7\FSIF9JQJHTR Limited 4S2TGNQJ:LFSIF1NRNYJI OnMobile Zambia Telecom Limited OnMobile Telecom Sierra Leone Limited 4S2TGNQJ:WZLZF^8& 4S2TGNQJ,QTGFQ8TQZYNTSX Canada Limited 4S2TGNQJ,QTGFQ8& 4S2TGNQJ5TWYZLFQ8,58 :SNUJXXTFQ1)& ?TSF+WFSHF )F2FIJNWF 4S2TGNQJ*ZWTUJ'; 4S2TGNQJ8& 4S2TGNQJ:8&11( 4S2TGNQJ)J;JSJ_ZJQF(& 4S2TGNQJ'FSLQFIJXM5WN[FYJ Limited 170 3TYJXKTWRNSLUFWYTKYMJ(TSXTQNIFYJIƯSFSHNFQXYFYJRJSYX (Rupees in millions, except share and per share data, unless otherwise stated) 50 Particulars Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule III to the Companies Act, 2013 Name of the entity Net assets, i.e., total 8MFWJTKUWTƯYTW QTXX Share of other Share of total assets minus total for the year ended comprehensive income comprehensive income liabilities as at March March 31, 2017 for the year ended March for the year ended March 31, 2017 31, 2017 31, 2017 As % of Amount As % of Amount As % of Amount As % of Amount consoli- ` consol- ` consoli- ` consol- ` dated net Millions idated Millions dated OCI Millions idated Millions assets UWTƯYTW Total loss Compre- hensive income 4S2TGNQJ,QTGFQ8UFNS81 4S2TGNQJ,QTGFQ.YFQ^871 OnMobile Tanzania Telecom Limited OnMobile Latam holding SL 4S2TGNQJ,QTGFQ8TZYM&KWNHF 59>1YI 4S2TGNQJ,QTGFQ1NRNYJI (TQTRGNF8&8 Associates (Investment as per the equity method): Indian: 2TGNQJ;TNHJ0TSSJHY5WN[FYJ Limited 171 3TYNHJYTYMJ th&SSZFQ,JSJWFQ2JJYNSL Notice is hereby given that the Seventeenth Annual General “RESOLVED THAT pursuant to the provisions of Sections 149, Meeting (AGM) of the Members of OnMobile Global Limited 152 and other applicable provisions read with Schedule IV of will be held on Wednesday, September 6, 2017 at 11:00 a.m. the Companies Act, 2013 and the Companies (Appointment IST at Hotel Royal Orchid, adjoining KGA Golf Course, HAL FSI6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX (MWNX &WXJSFZQY Airport Road, Bangalore-560 008, Karnataka, India to transact (DIN 07825919), a Director of the Company, who was the following business: appointed as an Additional Director w.e.f. May 26, 2017 and \MTMTQIXTKƯHJZSYNQYMJIFYJTKYMNX&SSZFQ,JSJWFQ2JJYNSL ORDINARY BUSINESS in terms of Section 161 of the Companies Act, 2013 and in .YJR3T &ITUYNTSTKƯSFSHNFQXYFYJRJSYX respect of whom the Company has received a notice in writing from a member under Section 160 of the Companies Act, 2013 To receive, consider and adopt the audited Balance Sheet of UWTUTXNSLMNXHFSINIFYZWJKTWYMJTKƯHJTKF)NWJHYTWGJFSINX YMJ (TRUFS^ FX FY 2FWHM YMJ 8YFYJRJSY TK 5WTƯY hereby appointed as an Independent Director of the Company FSI1TXXKTWYMJƯSFSHNFQ^JFWJSIJIFXTSYMFYIFYJFSIYMJ YT MTQI TKƯHJ ZU YT YMJ IFYJ TK &,2 YT GJ MJQI IZWNSL YMJ Reports of the Directors and Auditors thereon. calendar year 2020, not liable to retire by rotation.” .YJR3T )JHQFWFYNTSTKIN[NIJSI .YJR3T &UUTNSYRJSYTK8FSOF^0FUTTWFXFS.SIJUJSIJSY ` To declare a dividend of 1.50/- per equity share for the )NWJHYTW ƯSFSHNFQ^JFWJSIJI2FWHM 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS .YJR 3T 7JYNWJRJSY TK )NWJHYTW G^ WTYFYNTS +WFS«TNX as an ordinary resolution: (MFWQJX8NWTNX “RESOLVED THAT pursuant to the provisions of Sections 149, To appoint a Director in place of François-Charles Sirois who 152 and other applicable provisions read with Schedule IV of retires by rotation and being eligible, offers himself for re- the Companies Act, 2013 and the Companies (Appointment appointment. FSI6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX 8FSOF^0FUTTW (DIN 01973450), a Director of the Company, who was .YJR3T &UUTNSYRJSYTK8YFYZYTW^&ZINYTWX appointed as an Additional Director w.e.f. June 21, 2017 and 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS \MTMTQIXTKƯHJZSYNQYMJIFYJTKYMNX&SSZFQ,JSJWFQ2JJYNSL as an ordinary resolution: in terms of Section 161 of the Companies Act, 2013 and in respect of whom the Company has received a notice in writing “RESOLVED THAT pursuant to the provisions of Section 139, from a member under Section 160 of the Companies Act, 2013 141, 142 and other applicable provisions of the Companies UWTUTXNSLMNXHFSINIFYZWJKTWYMJTKƯHJTKF)NWJHYTWGJFSINX Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 hereby appointed as an Independent Director of the Company NSHQZINSLFS^XYFYZYTW^RTINƯHFYNTSFSIJSFHYRJSYYMJWJTK YT MTQI TKƯHJ ZU YT YMJ IFYJ TK &,2 YT GJ MJQI IZWNSL YMJ for the time being in force) M/s. BSR & Co. LLP, Chartered calendar year 2020, not liable to retire by rotation.” Accountants (Firm Registration No. 101248W/W-100022) be and are hereby appointed as the Statutory Auditors of .YJR 3T 7JFUUTNSYRJSY TK 7FON[ 0MFNYFS FX FS the Company in place of M/s. Deloitte Haskins & Sells (Firm .SIJUJSIJSY)NWJHYTW Registration No. 008072S) the retiring Statutory Auditors, 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS YTMTQITKƯHJKTWFYJWRTKƯ[J^JFWXKWTRYMJHTSHQZXNTSTK as a special resolution: this Annual General Meeting to the conclusion of 22nd Annual General Meeting to be held in the calendar year 2022 subject “RESOLVED THAT pursuant to provisions of Sections 149,152 YTWFYNƯHFYNTSTKYMJNWFUUTNSYRJSYG^YMJRJRGJWXFYJ[JW^ and any other applicable provisions of the Companies Act, 2013, &SSZFQ,JSJWFQ2JJYNSLFYXZHMWJRZSJWFYNTSFXRF^GJƯ]JI and the Rules made thereunder read with Schedule IV to the by the Board of Directors in mutual consultation with the (TRUFSNJX &HY NSHQZINSL FS^ XYFYZYTW^ RTINƯHFYNTSX Auditors.” or re-enactments thereof, for the time being in force), Rajiv SPECIAL BUSINESS Khaitan (DIN 00071487), who was appointed earlier as an independent director of the Company for a term of three years .YJR 3T &UUTNSYRJSY TK (MWNX &WXJSFZQY FX FS G^ YMJ XMFWJMTQIJWX FSI \MT MTQIX TKƯHJ FX XZHM ZU YT YMJ .SIJUJSIJSY)NWJHYTW date of this Annual General Meeting, and in respect of whom 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS the Company has received a notice in writing from a member as an ordinary resolution: under Section 160 of the Companies Act, 2013 proposing 172 his candidature for thJ TKƯHJ TK F )NWJHYTW GJ FSI NX MJWJG^ Central Government notwithstanding anything herein above re-appointed as an Independent Director of the Company XYFYJI \MJWJ NS FS^ ƯSFSHNFQ ^JFW HQTXNSL TS TW FKYJW &UWNQ YT MTQI TKƯHJ ZUYT YMJ IFYJ TK &,2 YT GJ MJQI IZWNSL YMJ 2017, during the remaining tenure of François-Charles Sirois as calendar year 2020, not liable to retire by rotation.” ţ*]JHZYN[J(MFNWRFSFSI(*4ŤTKYMJ(TRUFS^YMJ(TRUFS^ NSHZWXQTXXTWNYXUWTƯYXFWJNSFIJVZFYJYMJ(TRUFS^XMFQQUF^ .YJR 3T 7JFUUTNSYRJSY TK 3FSH^ (WZNHPXMFSP FX FS to François-Charles Sirois the said remuneration as a minimum .SIJUJSIJSY)NWJHYTW WJRZSJWFYNTS NWWJXUJHYN[J TK \MJYMJW YMJ XFRJ J]HJJIX TW 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS STYYMJQNRNYXXUJHNƯJIZSIJW8JHYNTS..TK5FWY..TK8HMJIZQJ as a special resolution: V to the Companies Act, 2013, or such other limits as may be prescribed by the Central Government from time to time as “RESOLVED THAT pursuant to provisions of Sections 149,152, minimum remuneration. and any other applicable provisions of the Companies Act, 2013, and the Rules made thereunder read with Schedule IV to the RESOLVED FURTHER THAT the Board of Directors of the (TRUFSNJX &HY NSHQZINSL FS^ XYFYZYTW^ RTINƯHFYNTSX Company be and is hereby authorized to alter and vary the or re-enactments thereof, for the time being in force), Nancy terms of appointment and/or remuneration of François- Cruickshank (DIN 06928547), who was appointed earlier as an Charles Sirois and to do all such acts, deeds, matters and things independent director of the Company for a term of three years FXRF^GJIJJRJIƯYKTWYMJUZWUTXJTKLN[NSLJKKJHYYTYMJ G^ YMJ XMFWJMTQIJWX FSI \MT MTQIX TKƯHJ FX XZHM ZU YT YMJ above resolution and matters related thereto.” date of this Annual General Meeting, and in respect of whom the Company has received a notice in writing from a member .YJR3T &ITUYNTSTKSJ\&WYNHQJXTK&XXTHNFYNTSTKYMJ under Section 160 of the Companies Act, 2013 proposing (TRUFS^NSHTSKTWRNY^\NYMYMJ(TRUFSNJX&HY MJWHFSINIFYZWJKTWYMJTKƯHJTKF)NWJHYTWGJFSINXMJWJG^ 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS re-appointed as an Independent Director of the Company as a special resolution: YT MTQI TKƯHJ ZU YT YMJ IFYJ TK &,2 YT GJ MJQI IZWNSL YMJ calendar year 2020, not liable to retire by rotation.” “RESOLVED THAT pursuant to the provisions of Section 14 and other applicable provisions of the Companies Act, 2013 read .YJR 3T &UUTNSYRJSY TK +WFS«TNX(MFWQJX 8NWTNX with Companies (Incorporation) Rules, 2014 or any other law for *]JHZYN[J (MFNWRFS FX (MNJK *]JHZYN[J 4KƯHJW FSI YMJYNRJGJNSLNSKTWHJ NSHQZINSLFS^XYFYZYTW^RTINƯHFYNTSXTW WJIJXNLSFYJFXţ*]JHZYN[J(MFNWRFSFSI(*4ŤFSIUF^RJSY re-enactments thereof, for the time being in force), the Articles TKWJRZSJWFYNTSYMJWJTK of Association of the Company, a copy of which is available for 9THTSXNIJWFSINKYMTZLMYƯYYTUFXXYMJKTQQT\NSLWJXTQZYNTS NSXUJHYNTS FY YMJ WJLNXYJWJI TKƯHJ TK YMJ (TRUFS^ FSI FQXT as a special resolution: available on the website of the Company http://www.onmobile. com/index.html, be and is hereby approved and adopted in total “RESOLVED THAT pursuant to the provisions of Section 196, J]HQZXNTSXZGXYNYZYNTSFSIXZUJWXJINSLYMJJ]NXYNSL&WYNHQJXTK 197 and 203 and Schedule V of the Companies Act, 2013 Association of the Company. read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable RESOLVED FURTHER THAT the Board of Directors of the provisions, if any, of the Companies Act, 2013, subject to Company (including any Committee thereof) be and is hereby the approval of the Central Government as may be required, authorized to do all acts and take all such steps as may be consent of the members of the Company be and is hereby SJHJXXFW^UWTUJWTWJ]UJINJSYYTLN[JJKKJHYYTYMNXWJXTQZYNTS accorded to the appointment of François-Charles Sirois and matters related thereto.” ).3 *]JHZYN[J (MFNWRFS FX (MNJK *]JHZYN[J By Order of the Board of Directors 4KƯHJW FSI WJIJXNLSFYJ FXţ*]JHZYN[J (MFNWRFS FSI (MNJK For OnMobile Global Limited *]JHZYN[J4KƯHJWŤTKYMJ(TRUFS^JKKJHYN[J2FWHM on the remuneration and other terms and conditions as set Sd/- out hereunder and the remuneration is for remaining period Date: July 27, 2017 P V Varaprasad of his tenure starting from April 1, 2017 till October 31, 2019 Place: Gurgaon Company Secretary in terms of proviso to Section II of Part II of Schedule V of the Companies Act, 2013. 7JLI4KƯHJ OnMobile Global Limited, +N]JI(TRUJSXFYNTS +( ` 5,525,000 per annum Tower#1, 94/1C & 94/2, (equivalent of US $ 85,000) Veerasandra Village, Attibele Hobli, Other Terms and Conditions : As per the Companies Anekal Taluk, Electronic City Phase-1, policies from time to time Bangalore-560100, Karnataka, India RESOLVED FURTHER THAT subject to the approval of the CIN: L64202KA2000PLC027860 173 NOTES: if declared at the AGM will be paid within 30 days from the date of declaration to those members whose names 1. Statement pursuant to Section 102(1) of the Companies appear on the Register of Members as on August 30, &HYNXFSSJ]JIMJWJYT 2017. 2. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE 12. Members whose shareholding is in electronic mode are AGM IS ENTITLED TO APPOINT A PROXY TO ATTEND requested to inform change of address and updates AND VOTE AT THE MEETING INSTEAD OF HIMSELF/ of savings bank account details to their respective HERSELF, AND THE PROXY NEED NOT BE A MEMBER depository participants. OF THE COMPANY. 13. Members are requested to address all correspondence, 9MJ NSXYWZRJSY FUUTNSYNSL YMJ UWT]^ IZQ^ HTRUQJYJI including dividend matters, to the Registrar and Share RZXYGJIJUTXNYJIFYYMJWJLNXYJWJITKƯHJTKYMJ(TRUFS^ Transfer Agent, Karvy Computershare Private Limited not less than 48 hours before the commencement of the (Unit OnMobile), Karvy Selenium Tower B, Plot no. 31 meeting. & 32, Gachibowli Financial District, Nanakramguda, & UJWXTS HFS FHY FX UWT]^ TS GJMFQK TK RJRGJWX STY Serilingampally Mandal, Hyderabad – 500 032, India. J]HJJINSLƯKY^NSSZRGJWFSIMTQINSLNSYMJFLLWJLFYJ 14. Members wishing to claim dividends, which remain not more than 10% of the total share capital of the unclaimed, are requested to correspond with the company carrying voting rights. However, a member (TRUFS^8JHWJYFW^FYYMJ(TRUFS^ŤXWJLNXYJWJITKƯHJ holding more than 10% of the total share capital of the Members are requested to note that dividends not company carrying voting rights may appoint a single encashed or claimed within seven years from the date UJWXTSFXUWT]^FSIXZHMUJWXTSXMFQQSTYFHYFXUWT]^KTW TKYWFSXKJWYTYMJ(TRUFS^ŤX:SUFNI)N[NIJSI&HHTZSY any other person or shareholder. will, as per Section 124 of the Companies Act, 2013 be 5. Corporate members intending to send their authorized transferred to the Investor Education and Protection representatives to attend the meeting are requested to Fund. XJSIFHJWYNƯJIHTU^TKYMJ'TFWI7JXTQZYNTSFZYMTWN_NSL 15. We request you to update your email address with your their representative to attend and vote on their behalf at depository participant to ensure that the annual report the meeting. and other documents reach you on your preferred email 6. A member shall be entitled, during the period beginning account. MTZWXGJKTWJYMJYNRJƯ]JIKTWYMJHTRRJSHJRJSY 16. The Notice of the 17th AGM and instructions for e-voting, of the meeting and ending with the conclusion of the FQTSL\NYMYMJ&YYJSIFSHJ8QNUFSI5WT]^+TWRNXGJNSL RJJYNSLYTNSXUJHYYMJUWT]NJXQTILJIFYFS^YNRJIZWNSL sent by electronic mode to all members whose email the business hours of the Company, provided that not addresses are registered with the Company / Depository QJXXYMFSţYMWJJIF^XŤTKSTYNHJNS\WNYNSLNXLN[JSYTYMJ Participant(s) unless a member has requested for a hard Company. copy of the same. For members who have not registered 2JRGJWXUWT]NJXXMTZQIGWNSLYMJIZQ^ƯQQJI&YYJSIFSHJ their email addresses, physical copies of the aforesaid Slip enclosed herewith to attend the meeting. documents are being sent by the permitted mode. 8. The Register of Directors and Key Managerial Personnel 17. Members may also note that the Notice of the 17th and their shareholding, maintained under Section 170 of AGM and the Annual Report 2017 will be available on the the Companies Act, 2013, will be available for inspection (TRUFS^ŤX \JGXNYJ www.onmobile.com. The physical by the members at the AGM. copies of the aforesaid documents will also be available FYYMJ(TRUFS^ŤXWJLNXYJWJITKƯHJKTWNSXUJHYNTSIZWNSL 9. The Register of Contracts or Arrangements in which normal business hours on working days. Members who Directors are interested, maintained under Section require communication in physical form in addition to 189 of the Companies Act, 2013, will be available for inspection by the members at the AGM. e-communication, or have any other queries, may write to us at: [email protected] 10. 9MJ 7JLNXYJW TK 2JRGJWX FSI 8MFWJ 9WFSXKJW 'TTPX TK YMJ (TRUFS^ XMFQQ WJRFNS HQTXJI KWTR &ZLZXY 18. Additional information pursuant to sub-regulation (3) of YT8JUYJRGJW GTYMIF^XNSHQZXN[JKTWYMJ Regulation 36 of SEBI (Listing Obligations and Disclosure UZWUTXJTKUF^RJSYTKIN[NIJSIFSIYMJ YM&,2TK Requirements) Regulations, 2015 in respect of the YMJ(TRUFS^ Director seeking appointment/re-appointment at the &,2FWJFSSJ]JIMJWJYTFSIKTWRXUFWYTKYMJ3TYNHJ 11. Subject to the provisions of the Companies Act, 2013, dividend as recommended by the Board of Directors, 19. The Securities anI *]HMFSLJ 'TFWI TK .SINF 8*'. 174 has mandated submission of the Permanent Account User ID and password for casting his votes through Number (PAN) by every participant in the securities remote e-voting. market. Members holding shares in electronic form vii. The remote e-voting facility will be open only during are, therefore, requested to submit their PAN to their the following voting period: Depository Participant(s). Members holding shares in physical form shall submit their PAN details to the (TRRJSHJRJSYTK FR .89TS Company. 7JRTYJJ[TYNSL 8JUYJRGJW 20. Information and other instructions relating to e-voting End of Remote UR .89TS are as follows: J[TYNSL 8JUYJRGJW The detailed instructions sheet for remote e-voting is i. In compliance with Section 108 of the Companies attached. Act, 2013 read with the Rule 20 of the Companies (Management and Administration) Rules, 2014 21. The Board of Directors of the Company have appointed (as amended) and Regulation 44 of SEBI (Listing Parameshwar G Hegde, a Practising Company Secretary Obligations and Disclosure Requirements) as the Scrutinizer, for conducting both remote e-voting Regulations, 2015, the Company has provided a facility and Poll voting process at the meeting in a fair and YTYMJRJRGJWXYTJ]JWHNXJYMJNW[TYJXJQJHYWTSNHFQQ^ transparent manner and he has communicated his through the electronic voting service facility arranged willingness to be appointed and will be available for the by Karvy Computershare Private Limited (“Karvy”). purpose. The facility for voting through Poll will be made 22. The Scrutinizer, after scrutinizing the votes cast at available at the meeting and the members attending the meeting by Poll and remote e-voting, will not later the meeting who have not cast their votes by remote than three days of conclusion of the Meeting, make a e-voting shall be able to cast their votes at the meeting HTSXTQNIFYJIXHWZYNSN_JWŤXWJUTWYFSIXZGRNYYMJXFRJYT through physical Poll. the Chairman. ii. The members who have voted through remote 23. The results declared along with the consolidated e-voting may attend the AGM but shall not be entitled 8HWZYNSN_JWŤX WJUTWY XMFQQ GJ UQFHJI TS YMJ \JGXNYJ TK to cast their vote again. the Company www.onmobile.com and on the website iii. The Company has engaged the service of Karvy of Karvy https://evoting.karvy.com. The results Computershare Private Limited (“Karvy”) as the shall simultaneously be communicated to the Stock Agency to provide e-voting facility. *]HMFSLJX iv. Voting rights shall be reckoned on the paid up value of 24. Subject to the receipt of requisite number of votes, the equity shares registered in the name of the member/ Resolutions shall be deemed to have been passed on the GJSJƯHNFQ T\SJW FX TS &ZLZXY GJNSL YMJ date of the meeting i.e. September 6, 2017. HZYTKKIFYJ v. A person, whose name is appearing in the register 89&9*2*39 5:78:&39 94 8*(9.43 TK RJRGJWX TW NS YMJ WJLNXYJW TK GJSJƯHNFQ T\SJWX 4+9-*(425&3.*8&(9 maintained by the depositories as on the HZYTKKIFYJ Item No. 5 NJ&ZLZXY shall only be entitled to avail the facility of remote e-voting /poll. Chris Arsenault was appointed as an Additional Director of the Company by the Board of Directors effective May 26, 2017 vi. Any person who becomes the member of the pursuant to Section 161 of the Companies Act, 2013, read with Company after dispatch of the Notice of the Meeting Article 102 of the Articles of Association of the Company. and holding shares as on the cut-off date may write to Karvy on their e-mail ID [email protected] In terms of the provisions of Section 161 of the Act, Chris or Karvy Computershare Private Limited (Unit &WXJSFZQY\NQQMTQITKƯHJZUYTYMJIFYJTKYMJJSXZNSL&,2 OnMobile), Karvy Selenium Tower B, Plot No. 31 & The Company has received a notice in writing from a member 32, Gachibowli Financial District, Nanakramguda, along with a deposit of requisite amount under Section 160 of Serilingampally Mandal, Hyderabad-500032 or the Act proposing the candidature of Chris Arsenault for the contact S V Raju on 040-67162222 requesting for User TKƯHJTK)NWJHYTW ID and password. After receipt of above credentials, The resolution seeks the approval of the shareholders for a member may follow the instructions for e-voting to appointment of Chris Arsenault as an Independent Director cast his votes. If the member is already registered with of the Company for a term up to the date of AGM to be held 0FW[^ J[TYNSL UQFYKTWR YMJS MJ HFS ZXJ MNX J]NXYNSL 175 during the calendar year 2020 pursuant to Section 149 and 2014, (ii) intimation in Form DIR-8 in terms of Companies other applicable provisions of the Companies Act, 2013, and &UUTNSYRJSY 6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX YT the Rules made there under. Further, he is not liable to retire YMJJKKJHYYMFYMJNXSTYINXVZFQNƯJIZSIJWXZGXJHYNTS TK by rotation. 8JHYNTS TK YMJ (TRUFSNJX &HY FSI HTSƯWRNSL MNX eligibility for such appointment and (iii) a declaration to the The Company has received from Chris Arsenault (i) consent in effect that he meets the criteria of independence as provided writing to act as director in Form DIR-2 pursuant to Rule 8 of in sub-section (6) of Section 149 of the Companies Act, 2013. (TRUFSNJX &UUTNSYRJSY 6ZFQNƯHFYNTSTK)NWJHYTWX7ZQJX 2014, (ii) intimation in Form DIR-8 in terms of Companies .S YMJ TUNSNTS TK YMJ 'TFWI 8FSOF^0FUTTW KZQƯQX YMJ &UUTNSYRJSY 6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX YT conditions for his appointment as an Independent Director YMJJKKJHYYMFYMJNXSTYINXVZFQNƯJIZSIJWXZGXJHYNTS TK FX XUJHNƯJI NS YMJ &HY FSI YMJ 8*'. 1NXYNSL 4GQNLFYNTSX FSI 8JHYNTS TK YMJ (TRUFSNJX &HY FSI HTSƯWRNSL MNX Disclosure Requirements) Regulations, 2015. Sanjay Kapoor eligibility for such appointment and (iii) a declaration to the is independent of the management. A copy of the draft letter effect that he meets the criteria of independence as provided for appointment of Sanjay Kapoor as an Independent Director in sub-section (6) of Section 149 of the Companies Act, 2013. setting out the terms and conditions would be available for inspection without any fee by the members at the Registered .S YMJ TUNSNTS TK YMJ 'TFWI (MWNX &WXJSFZQY KZQƯQX YMJ 4KƯHJ TK YMJ (TRUFS^ IZWNSL STWRFQ GZXNSJXX MTZWX TS FS^ conditions for his appointment as an Independent Director working day upto the date of the AGM. FX XUJHNƯJI NS YMJ &HY FSI YMJ 8*'. 1NXYNSL 4GQNLFYNTSX FSI Disclosure Requirements) Regulations, 2015. Chris Arsenault 3TINWJHYTWPJ^RFSFLJWNFQUJWXTSSJQTWYMJNWWJQFYN[JXJ]HJUY is independent of the management. A copy of the draft letter Sanjay Kapoor to whom the resolution relates, is interested or for appointment of Chris Arsenault as an Independent Director concerned in the resolution. setting out the terms and conditions would be available for The Board recommends the resolution set forth in Item No. 6 inspection without any fee by the members at the Registered for the approval of the shareholders 4KƯHJ TK YMJ (TRUFS^ IZWNSL STWRFQ GZXNSJXX MTZWX TS FS^ working day upto the date of the AGM. .YJR3T 3TINWJHYTWPJ^RFSFLJWNFQUJWXTSSJQTWYMJNWWJQFYN[JXJ]HJUY Rajiv Khaitan who was appointed earlier as an Independent Chris Arsenault to whom the resolution relates, is interested or Director for a period of three years w.e.f September 10, concerned in the resolution. 2014 pursuant to the provisions of Companies Act, 2013, NX IZJ YT WJYNWJ KWTR MNX ƯWXY YJWR TS 8JUYJRGJW The Board recommends the resolution set forth in Item No. 5 On recommendation of the Nomination and Compensation for the approval of the shareholders. Committee based on evaluation of his performance during Item No. 6 YMJ YJSZWJ FSI HTSXNIJWNSL MNX XPNQQX J]UJWNJSHJ PST\QJILJ FSI J]UJWYNXJ NY NX UWTUTXJI YT WJFUUTNSY 7FON[0MFNYFS KTW Sanjay Kapoor was appointed as an Additional Director of the another term of three years from the conclusion of the ensuing Company by the Board of Directors effective June 21, 2017 AGM to be held in 2017 upto the conclusion of the 20th AGM pursuant to Section 161 of the Companies Act, 2013, read with to be held during the calendar year 2020 as an Independent Article 102 of the Articles of Association of the Company. Director of the Company. In terms of the provisions of Section 161 of the Act, Sanjay The Company has received notice in writing pursuant to Section 0FUTTW\NQQMTQITKƯHJZUYTYMJIFYJTKYMJJSXZNSL&,29MJ 160 of the Companies Act, 2013, from a member along with a Company has received a notice in writing from a member along deposit as prescribed under the Act proposing the candidature with a deposit of requisite amount under Section 160 of the TK7FON[0MFNYFSKTWYMJTKƯHJTK.SIJUJSIJSY)NWJHYTWNSYJWRX &HYUWTUTXNSLYMJHFSINIFYZWJTK8FSOF^0FUTTWKTWYMJTKƯHJ provisions of Section 149 of the Companies Act, 2013. of Director. The Company has received from Rajiv Khaitan (i) consent in The resolution seeks the approval of the shareholders for writing to act as director in Form DIR-2 pursuant to Rule 8 of The appointment of Sanjay Kapoor as an Independent Director (TRUFSNJX &UUTNSYRJSY 6ZFQNƯHFYNTS TK )NWJHYTWX 7ZQJX of the Company for a term up to the date of AGM to be held 2014, (ii) intimation in Form DIR-8 in terms of The Companies during the calendar year 2020 pursuant to Section 149 and &UUTNSYRJSY 6ZFQNƯHFYNTSTK)NWJHYTWX7ZQJXYTYMJ other applicable provisions of the Companies Act, 2013, and JKKJHYYMFYMJNXSTYINXVZFQNƯJIZSIJWXZGXJHYNTS TK8JHYNTS the Rules made there under. Further, he is not liable to retire TK YMJ (TRUFSNJX &HY HTSƯWRNSL MNX JQNLNGNQNY^ KTW by rotation. such re-appointment, and (iii) a declaration to the effect that he The Company has received from Sanjay Kapoor (i) consent in meets the criteria of independence as provided in sub section writing to act as director in Form DIR-2 pursuant to Rule 8 of (6) of Section 149 of the Companies Act, 2013. (TRUFSNJX &UUTNSYRJSY 6ZFQNƯHFYNTSTK)NWJHYTWX7ZQJX 176 .SYMJTUNSNTSTKYMJ'TFWI7FON[0MFNYFSKZQƯQXYMJHTSINYNTSX Director of the Company and is independent of the XUJHNƯJI NS YMJ (TRUFSNJX &HY FSI 7ZQJX RFIJ Management. A copy of the draft letter of re-appointment thereunder for re-appointment as an Independent Director of Nancy Cruickshank as an Independent Director setting out of the Company and is independent of the Management. A the terms and conditions would be available for inspection copy of the draft letter of re-appointment of Rajiv Khaitan as \NYMTZYFS^KJJG^YMJ2JRGJWXFYYMJ7JLNXYJWJITKƯHJTKYMJ an Independent Director setting out the terms and conditions Company during normal business hours on any working day up would be available for inspection without any fee by the to the date of Annual General Meeting. 2JRGJWX FY YMJ 7JLNXYJWJI TKƯHJ TK YMJ (TRUFS^ IZWNSL The Board considers that her continued association would be normal business hours on any working day up to the date of TKNRRJSXJGJSJƯYYTYMJ(TRUFS^FSINSYMJGJXYNSYJWJXYTK Annual General Meeting. the Company. The Board considers that his continued association would be of No director, key managerial personnel or their relatives, NRRJSXJGJSJƯYYTYMJ(TRUFS^FSINYNXNSYMJNSYJWJXYTKYMJ J]HJUY3FSH^(WZNHPXMFSPYT\MTRYMJWJXTQZYNTSWJQFYJXNX Company to continue to avail the services of Rajiv Khaitan as an interested in or concerned with the resolution. Independent Director. The Board recommends the resolution set forth in Item no. 8 3TINWJHYTWPJ^RFSFLJWNFQUJWXTSSJQTWYMJNWWJQFYN[JXJ]HJUY for the approval of the Members. Rajiv Khaitan to whom the resolution relates, is interested in or concerned with the resolution. Item No. 9 The Board recommends the resolution set forth in Item no. 7 The shareholders at their meeting held on September 8, for the approval of the Members. 2015 approved the appointment of François-Charles Sirois as *]JHZYN[J(MFNWRFSTKYMJ(TRUFS^KTWFUJWNTITKƯ[J^JFWX Item No. 8 w.e.f November 1, 2014 and remuneration for a period starting Nancy Cruickshank who was appointed earlier as an from November 1, 2014 to October 31, 2017. Further, the Independent Director for a period of three years w.e.f Central Government approval is in place for his appointment September 10, 2014 pursuant to the provisions of Companies FX 177 89&9*2*394+.3+472&9.43&85*78*(9.43..4+5&79..4+8(-*):1*;4+9-*(425&3.*8&(9 8Q ,JSJWFQ.SKTWRFYNTS No. 1. Nature of industry Telecom Value Added Services OnMobile is a global leader in the delivery of high quality Value Added Services, which are used by many of the best known mobile operators to provide information, entertainment, and personalization services to their customers. 2. )FYJTWJ]UJHYJIIFYJTK Year 2000 (Date of Incorporation : September 27, 2000) commencement of commercial production 3. .SHFXJTKSJ\HTRUFSNJXJ]UJHYJI Not Applicable date of commencement of activities FXUJWUWTOJHYFUUWT[JIG^ƯSFSHNFQ institutions appearing in the prospectus. 4. Financial performance based on given +NSFSHNFQ>JFW +NSFSHNFQ>JFW indicators ` NS2NQQNTSX ` NS2NQQNTSX Paid up capital 1,043.50 1,081.11 Other Equity 5,741.07 5,899.91 Turnover 3,049.98 3,331.55 5WTƯY 1TXXGJKTWJYF] 490.48 146.99 5WTƯY 1TXXFKYJWYF] 426.28 (21.25) 5. *]UTWY UJWKTWRFSHJ FSI SJY KTWJNLS Financial Year 2016-17 : ` 1,831.34 Millions; and J]HMFSLJJFWSJI Financial Year 2015-16 : ` 2,138.68 Millions. 6. Foreign investments or collaborations, (No. of Shares) if any. 5FWYNHZQFWX +> +> Individuals 173,066 140,804 Companies 50,923,703 50,923,703 Foreign Institutional 10,185,574 11,493,042 Investors (FIIs) NRIs/PIO 1,054,881 558,103 .SKTWRFYNTSFGTZYYMJFUUTNSYJJ 1. Background details François-Charles Sirois holds a Bachelor of Business Administration, options in ƯSFSHJFSIRFWPJYNSL-*(2TSYWJFQ François-Charles Sirois is the President and CEO of Telesystem, a global media FSIYJHMSTQTL^MTQINSLHTRUFS^-JNXFQXTYMJ5WJXNIJSYFSI(MNJK*]JHZYN[J 4KƯHJWTK4S2TGNQJ8^XYJRX.SHYMJQFWLJXYXMFWJMTQIJWTK4S2TGNQJ+WFS«TNX (MFWQJXMFXRTWJYMFS^JFWXTKJ]UJWNJSHJNSHTWUTWFYJRJWLJWXFHVZNXNYNTSX FSIƯSFSHNSL-NXJSYWJUWJSJZWXMNUJ]UJWYNXJFSIYFQJSYKTWIJ[JQTUNSLXZHHJXXKZQ joint ventures with innovative partners have enabled Telesystem to leverage the momentum in the media and technology industry. Before joining Telesystem, François-Charles founded and helmed up2 technologies, Microcell i5 and Masq. He currently serves on the Boards of OnMobile Systems Inc., Telesystem, Stingray Digital, iPerceptions, Zone3, CVTCORP Transmission, Interset Software, OnMobile Global Solutions Canada Limited, OnMobile USA LLC and OnMobile Live Inc. 178 2. Past remuneration The details of remuneration drawn by François-Charles Sirois, the appointee in YMJUWJHJINSLYMWJJƯSFSHNFQ^JFWX FSINSINHFYNSL the name of the organization and the position held by him and whether the same was within the limits of the Companies Act or with the Central Government approval are provided below. +NSFSHNFQ 5TXNYNTS 3FRJTK 5ZGQNH (FXM 3. Recognition or awards -- 4. /TGUWTƯQJFSIMNXXZNYFGNQNY^ François-Charles Sirois will play a central role in developing the long term strategic plan for OnMobile Global to oversee its implementation in a phased manner. He will play a key role in implementing organisational transformation, conceptualising innovative products, developing marketing strategies and international business development. .SFIINYNTSMJ\NQQHTSYWNGZYJMNXJ]UJWYNXJNSINLNYFQRJINFFX\JQQFXLZNIJYMJ OnMobile teams on matters pertaining to content procurement and sourcing on a global scale. +WFS«TNX(MFWQJX 8NWTNX G^ [NWYZJ TK MNX [FXY J]UJWYNXJ NS XYJJWNSL SZRJWTZX companies through growth cycles, has the leadership skills and domain knowledge YTQJFI4S2TGNQJNSYTYMJSJ]YUMFXJTKNYXLWT\YM 5. Remuneration proposed ` 5,525,000 per annum (equivalent of US $ 85,000). 6. (TRUFWFYN[JWJRZSJWFYNTSUWTƯQJ Comparative remuneration benchmarks were considered from well-known with respect to industry, size of the J]JHZYN[JXJFWHMƯWRX9MJNSINHFYN[JXFQFW^WFSLJKTWYMNXWTQJNX` 3 Crores to HTRUFS^UWTƯQJTKYMJUTXNYNTSFSI 4 Crores per annum. person 7. Pecuniary relationship directly or François-Charles Sirois has no pecuniary relationship either direct or indirect indirectly with the company, or \NYMYMJHTRUFS^FSIMJNXSTYWJQFYJIYTFS^INWJHYTWTKYMJHTRUFS^J]HJUYMJ relationship with the managerial represents the promoter of the Company i.e OnMobile Systems Inc. personnel, if any. 4YMJW.SKTWRFYNTS 1. 7JFXTSKTWQTXXTWNSFIJVZFYJUWTƯYX 9MJ5WTƯY&KYJW9F]KTWYMJ+> NX` RNQQNTSFSIYMJ3JY5WTƯYFX per section 198 of the Companies Act, 2013 for the FY 2016-17 is ` 660.66 million. However, the statement of information as per Section II of Part II of Schedule V of Companies Act, 2013 is being provided herewith in apprehension of inadequate UWTƯYXNKFS^IZWNSLYMJWJRFNSNSLYJSZWJTK+WFS«TNX(MFWQJX8NWTNX 2. Steps taken or proposed to be taken 1. 7FYNTSFQNXFYNTSTKRFSUT\JWFSITUJWFYNSLJ]UJSXJX for improvement 2. 1T\ RFWLNSXQTXX RFPNSL LJTLWFUMNJX FSI UWTIZHY [JWYNHFQX NIJSYNƯJI FSI UZYNSUQFHJFXYWFYJL^KTWYZWSNSLFWTZSIYMJXJNSYTUWTƯYFGQJ[JWYNHFQX 3. 2FS^ ZSUWTƯYFGQJ UWTIZHYX MF[J GJJS INXHTSYNSZJI FSI YMJ FXXTHNFYJI development costs have been eliminated. 4. :SUWTƯYFGQJ TW QJLFH^ GZXNSJXXJX MF[J GJJS MN[JI TKK YT WJIZHJ J]UJSXJX and to increase the cash position of the Company and the Company earned a 5WTƯY&KYJW9F] 179 3. *]UJHYJI NSHWJFXJ NS UWTIZHYN[NY^ FSI Financials on Standalone basis for three years: UWTƯYXNSRJFXZWFGQJYJWRX (in ` Million) +NSFSHNFQ>JFW &HYZFQX 5WTOJHYJI 5WTOJHYJI Total Turnover 3,698 4,068 4,475 PBT 491 516 542 PAT 426 447 493 9MJWJXTQZYNTSXJJPXYMJFUUWT[FQTKYMJXMFWJMTQIJWXKTWFUUTNSYRJSYTK+WFS«TNX(MFWQJX8NWTNX*]JHZYN[J(MFNWRFSFX(MNJK *]JHZYN[J4KƯHJWFSIWJIJXNLSFYJFXţ*]JHZYN[J(MFNWRFSFSI(MNJK*]JHZYN[J4KƯHJWŤTKYMJ(TRUFS^JKKJHYN[J2FWHM and for the payment of remuneration of ` 5,525,000 per annum (equivalent of US $ 85,000) w.e.f. April 1, 2017 till October 31, 2019 in terms of proviso to Section II of Part II of Schedule V of the Companies Act, 2013. With the approval of the shareholders vide their special resolution dated September 14, 2016, François-Charles Sirois had also been FUUTNSYJIFXţ5WJXNIJSYFSI8JHWJYFW^ŤNS4S2TGNQJ,QTGFQ8TQZYNTSX(FSFIF1NRNYJI\MTQQ^T\SJIXZGXNINFW^TKYMJ(TRUFS^ GJNSLFSTKƯHJTWUQFHJTKUWTƯY\NYMNSYMJRJFSNSLTK8JHYNTS TKYMJ(TRUFSNJX&HYKTWFUJWNTITKYMWJJ^JFWX\JK October 1, 2016 at a total remuneration of USD 318,387 (equivalent of ` FUUWT]NRFYJQ^UJWFSSZR 3TINWJHYTWPJ^RFSFLJWNFQUJWXTSSJQTWYMJNWWJQFYN[JXJ]HJUY+WFS«TNX(MFWQJX8NWTNXYT\MTRYMJWJXTQZYNTSXWJQFYJXNXNSYJWJXYJI or concerned in the resolution. The Board recommends the special resolution set forth in Item No. 9 for the approval of the shareholders. Item No. 10 9MJJ]NXYNSL&WYNHQJXTK&XXTHNFYNTS ţ&4&ŤTKYMJ(TRUFS^FWJGFXJITSYMJUWT[NXNTSXTKYMJ(TRUFSNJX&HY 2JRGJWXFWJF\FWJYMFYYMJ2NSNXYW^TK(TWUTWFYJ&KKFNWX ţ2(&ŤMFXSTYNƯJIRTXYTKYMJXJHYNTSTKYMJ(TRUFSNJX&HY ţYMJ&HYŤ\MNHMWJUQFHJYMJUWT[NXNTSXTKYMJ(TRUFSNJX&HY 9MJ2(&MFXFQXTSTYNƯJIYMJ7ZQJXUJWYFNSNSLYTYMJKZWYMJW STYNƯJIXJHYNTSX .STWIJWYTGWNSLYMJJ]NXYNSL&4&TKYMJ(TRUFS^NSQNSJ\NYMYMJUWT[NXNTSXTKYMJ&HYYMJ(TRUFS^\NQQMF[JYTRFPJSZRJWTZX HMFSLJXNSYMJJ]NXYNSL&4&.YNXYMJWJKTWJHTSXNIJWJIIJXNWFGQJYTFITUYFHTRUWJMJSXN[JSJ\XJYTK&WYNHQJXTK&XXTHNFYNTSTKYMJ (TRUFS^ ţ3J\&WYNHQJXŤNSXZGXYNYZYNTSTKFSIYTYMJJ]HQZXNTSTKYMJJ]NXYNSL&4& Pursuant to the provisions of Section 14 of the Act, approval of the shareholders of the company by special resolution is required KTWYMJFITUYNTSTKYMJ3J\&WYNHQJXYTWJUQFHJYMJJ]NXYNSL&4&FSIFHHTWINSLQ^YMJFUUWT[FQTKYMJXMFWJMTQIJWXNXGJNSLXTZLMY for the adoption of the New Articles. &HTU^TKYMJUWTUTXJI3J\&WYNHQJXYTGJFITUYJIFWJF[FNQFGQJKTWNSXUJHYNTSG^YMJRJRGJWXFYYMJWJLNXYJWJITKƯHJTKYMJ Company during normal business hours on all working days from the date of dispatch of the notice, up to the last date of voting i.e. 8JUYJRGJW FSINXFQXTF[FNQFGQJTSYMJ\JGXNYJTKYMJ(TRUFS^FYMYYU \\\TSRTGNQJHTRNSIJ]MYRQ 9MJGJQT\YFGQJUWT[NIJXXZRRFW^TKYMJPJ^HMFSLJXYTYMJJ]NXYNSL&4&TK4S2TGNQJ,QTGFQ1NRNYJIUZWXZFSYYTYMJWJVZNWJRJSYX under the Companies Act, 2013. 8Q *]NXYNSL&WYNHQJWJKJWJSHJFX 3J\&WYNHQJWJKJWJSHJFXUJW 8ZRRFW^TK(MFSLJ No. UJWTQI&4& new AOA 1 .SYJWUWJYFYNTSŠ)JƯSNYNTSX .SYJWUWJYFYNTSXŠ)JƯSNYNTSX )JƯSNYNTSX FWJ FUUWTUWNFYJQ^ RTINƯJI YT FQNLS \NYM YMJ provisions of the Companies Act, 2013. 2 Article 5 – Restriction on Article 6 – Allotment of Amendment is proposed to align with the relevant Allotment securities provisions of the Companies Act, 2013. 3 Article 66 – Buy Back of Article 59 – Buy Back of Amendment is proposed to align with the relevant Shares Shares provisions of the Companies Act, 2013. 4 Article 77 – Notice for Article 69– Notice for General Amendments are proposed to align with the provisions of General Meetings Meetings the Companies Act, 2013 regarding length of the Notice calling the general meeting, requirement of to whom the notice for the general meeting needs to be given, nature of the business to be transacted at the general meetings. 180 5 Article 90 – Voting Rights of Article 79 – Voting Rights of Amendment proposed to include voting of the members Members Members through electronic means. 6 Article 98 to 108 – Directors Article 86 to 97 –Directors Amendment proposed to include the appointment of Independent Director Independent Director in linewith relevant provisions of (Article 87 is newly inserted) Companies Act, 2013 7 Article 119 to 128 – Meetings Article 103 to 110 – Meetings of Board of Directors, quorum for the meeting, of the Board Proceedings of the Board notice calling the meeting, etc. including the operational parts are amended to align with the provisions of the Companies Act, 2013. 8 Article 138 to 142 – Managing Article 119 to 124 – Managing Amendment proposed to align new provisions relating to Director(s)/ Whole Time Director(s)/ Whole Time appointment of Key Managerial Personnel (KMP). Director(s) Director(s)/ Key Managerial Personnel 9 Article 178 & 179 – Indemnity Article 149 & 150 – Indemnity &RJSIRJSYUWTUTXJIYTUWT[NIJKTWNSIJRSNƯHFYNTSYT and responsibility and responsibility )NWJHYTWXFSI4KƯHJWX No director, key managerial personnel or their relatives are interested in or concerned in the resolution. The Board recommends the resolution set forth in Item No. 10 for the approval of the shareholders. 181 &IINYNTSFQ NSKTWRFYNTS TS )NWJHYTWX XJJPNSL &UUTNSYRJSY7JFUUTNSYRJSY FY YMJ &SSZFQ,JSJWFQ 2JJYNSL UZWXZFSYYT7JLZQFYNTSTK8*'. 1NXYNSL4GQNLFYNTSXFSI)NXHQTXZWJ7JVZNWJRJSYX7JLZQFYNTSX 5FWYNHZQFWX +WFS«TNX(MFWQJX8NWTNX 7FON[0MFNYFS 3FSH^(WZNHPXMFSP (MWNX&WXJSFZQY 8FSOF^0FUTTW Date of Birth 05-05-1975 13-04-1960 24-12-1970 17-11-1971 28-02-1962 Date of 26-06-2014 07-05-2012 31-07-2014 26-05-2017 21-06-2017 Appointment 6ZFQNƯHFYNTSX Bachelor of Business Bachelor of Graduated from Rimouski CEGEP 'FHMJQTWŤXIJLWJJ Administration, options Commerce degree Leeds University (College), in Commerce NSƯSFSHJFSIRFWPJYNSL and an LLB from with History Administration (Hons.) from Delhi HEC Montreal. the Calcutta Honours degree. and Finance. University, MBA from University. (WFSƯJQI8HMTTQTK Management (UK) and Graduate of The Wharton Advanced Management Program. *]UJWYNXJ Directorships 1. OnMobile Systems 1. EFD Induction 1. MyShowcase 1. iNovia Capital 1. VLCC Health Care held in other Inc. Private Limited Ltd Inc. Limited companies 2. Telesystem Ltd. 2. Himatsingka 2. SEUK 2. iNovia Capital 2. Tech-Connect (including 3. Stingray Digital Group Seide Limited 3. Carlsberg GP-III Inc. Retail Pvt. Ltd. foreign Inc. 3. Khaitan 3. iNovia Capital 3. IBUS Network and companies) as 4. Zone3 Inc. Consultants US Inc. Infrastructure Pvt. on date 5. Telesystem Media, Inc Limited 4. AppDirect Ltd. 6. iPerceptions Inc. 4. ABC Inc., ?&]NX Consolidated Management 7. Telesystem Energy 5. Lightspeed Private Limited Consultants & Ltd. POS Inc., 5. Bharat Fritz Strategic Advisors 8. CVTCORP 6. Poka Inc., Werner limited Limited Liability Transmission Inc. 7. Well.ca Inc., 6. Himatsingka Partnership 9. Interset Software, Inc. 8. Gamerizon Wovens 10. OnMobile Global Studios Inc. Private Limited Solutions Canada Ltd 7. Himatsingka 11. OnMobile USA LLC Holdings NA 12. OnMobile Live Inc. Inc. Disclosure of François-Charles Sirois is Rajiv Khaitan is Nancy Cruickshank Chris Arsenault is Sanjay Kapoor is relationship not related to any other not related to any is not related to not related to any not related to any between Director of the Company other Director of any other Director other Director of other Director of the directors the Company of the Company the Company Company inter-se 182 5FWYNHZQFWX +WFS«TNX(MFWQJX8NWTNX 7FON[0MFNYFS 3FSH^(WZNHPXMFSP (MWNX&WXJSFZQY 8FSOF^0FUTTW Memberships/ - &ZINY(TRRNYYJJ - &ZINY(TRRNYYJJ - Chairmanships 1. Himatsingka 1. App Direct of committees Seide Limited Inc., of other public companies 2. Himatsingka 2. Lightspeed (includes Wovens Pvt. POS Inc., Ltd. only Audit 3. Poka Inc., Committee 8YFPJMTQIJWX 4. Well.ca Inc., and 7JQFYNTSXMNU Stakeholders Committee Relationship 1. Himatsingka Committee) Seide Limited Number of ----- shares held in the Company By Order of the Board of Directors For OnMobile Global Limited Sd/- Date: July 27, 2017 P V Varaprasad Place: Gurgaon Company Secretary 7JLI4KƯHJ OnMobile Global Limited, Tower#1, 94/1C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore-560100, Karnataka, India CIN: L64202KA2000PLC027860 183 P GQFS QJKY NSYJSYNTSFQQ^ GJJS MFX UFLJ 9MNX 184 4S2TGNQJ,QTGFQ1NRNYJI 7JLNXYJWJI4KƯHJ OnMobile Global Limited, Tower#1, 94/1C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore-560100, Karnataka, India (TWUTWFYJ.IJSYNY^3ZRGJW (.3 10&51( 5MTSJ +F] *RFNQ [email protected], Website: www.onmobile.com 574=>+472 [Pursuant to section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014] th&SSZFQ,JSJWFQ2JJYNSL8JUYJRGJW Name of the member (s): ...... Registered address: ...... E-mail Id: ...... Folio No/ Client Id: ...... DP ID : ...... I / We, being the member(s) of ...... shares of the above named company, hereby appoint Name : ...... Email:...... Address:...... Signature: ...... or failing him / her Name : ...... Email:...... Address:...... Signature: ...... or failing him / her Name : ...... Email:...... Address:...... Signature: ...... FXR^TZWUWT]^YTFYYJSIFSI[TYJ TSFUTQQKTWRJZXFSITSR^TZWGJMFQKFYYMJ th Annual General Meeting of the Company, to be held on Wednesday, September 6, 2017 at 11:00 a.m. IST at Hotel Royal Orchid, adjoining KGA Golf Course, HAL Airport Road, Bangalore-560 008, Karnataka, India and at any adjournment thereof in respect of such resolutions as are indicated below: 7JXTQZYNTS . Signed this ...... day of ...... 2017 &KƯ] Signature of the member ...... Revenue Stamp 8NLSFYZWJTKYMJUWT]^MTQIJW X 3TYJ 9MNXKTWRTKUWT]^NSTWIJWYTGJJKKJHYN[JXMTZQIGJIZQ^HTRUQJYJIFSIIJUTXNYJIFYYMJ7JLNXYJWJI4KƯHJTKYMJ(TRUFS^STYQJXXYMFS MTZWXGJKTWJYMJHTRRJSHJRJSYTK the Meeting. 4S2TGNQJ,QTGFQ1NRNYJI 7JLNXYJWJI4KƯHJ OnMobile Global Limited, Tower#1, 94/1C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore-560100, Karnataka, India (TWUTWFYJ.IJSYNY^3ZRGJW (.3 10&51( 5MTSJ +F] *RFNQ [email protected], Website: www.onmobile.com ATTENDANCE SLIP th&SSZFQ,JSJWFQ2JJYNSL8JUYJRGJW Regd. Folio No./DP Client ID No. of shares held I/we here by record my/our presence at the 17th Annual General Meeting held at Hotel Royal Orchid, adjoining KGA Golf Course, HAL Airport Road, Bangalore-560 008, Karnataka, India at 11.00 a.m. IST on September 6, 2017 ...... 3FRJTKYMJRJRGJWUWT]^ 8NLSFYZWJTKYMJRJRGJWUWT]^ (in BLOCK letters) 185 P GQFS QJKY NSYJSYNTSFQQ^ GJJS MFX UFLJ 9MNX 186 NOTES 187 7TZYJ2FUYT[JSZJTK&,2 Indiranagar Rotary Club Military Area Peter England ISRO HAL Command Hospital Domlur Diamond “U” turn District KGA Dell CCD Maruti Info Tech EGL Marks & Spencer Oasis from Kor amangala Mall Pantaloons Koramangala 188 )NXHQFNRJW .SYMNX&SSZFQ7JUTWY\JMF[JINXHQTXJIKTW\FWIQTTPNSLNSKTWRFYNTSYTJSFGQJNS[JXYTWXYTHTRUWJMJSITZW UWTXUJHYXFSIYFPJNSKTWRJINS[JXYRJSYIJHNXNTSX9MNXWJUTWYFSITYMJWXYFYJRJSYXŠ\WNYYJSFSITWFQŠYMFY \J UJWNTINHFQQ^ RFPJ HTSYFNS KTW\FWI QTTPNSL XYFYJRJSYX YMFY XJY TZY FSYNHNUFYJI WJXZQYX GFXJI TS RFSFLJRJSYŤXUQFSXFSIFXXZRUYNTSX 5MTSJ WƌŝŶƚĞĚďLJ͗hĐŚŝƚŚĂ'ƌĂƉŚŝĐ