DALMIA LAMINATORS LIMITED

ANNUAL REPORT & ACCOUNTS (2014-2015) DALMIA LAMINATORS LIMITED

1. Board of Directors Mr. R. P. Jain Chairman Mr. G. G. Dalmia Managing Director Mr. M. Dalmia Chief Finance Officer Mrs. B. D. Dalmia Mr. V. Dalmia Mr. P. K. Kayan

2. Registered Office 130, Cotton Street, 700 007

3. Corporate Office 392, Block G. New Alipore Kolkata 700 053

4. Company Secretary Sri Govind Agarwal

5. Auditors S. K. GHOSH & CO. Chartered Accountants 10, Old Post Office Street, Kolkata 700 001

6. Manufacturing Plants Tada Gummidipoondi Bangalore

7. Wind Power Projects

a) Village – Urumungulam b) Village – Suriyanallur c) Village – Kannakovil Taluk – Radhapuram Taluk – Dharapulam Taluk – Dharapuram District - Tiruneleveli District - Tirupur District - Timupur State - State - Tamil Nadu State - Tamil Nadu

8. Bankers UCO Bank Bank of CONTENTS

Page ØNotice to the Shareholders 1

ØDirector's Report 12

ØReport On Corporate Governance 36

ØManagement Discussion & Analysis 51

ØIndependent Auditors' Report 55

ØBalance Sheet 60

ØStatement of Profit and Loss 61

ØCash Flow Statement 62

ØNotes on Financial Statements 63 Notice To The Shareholders

NOTICE IS HEREBY GIVEN that the 29th Annual General Meeting of the Members of Dalmia Laminators Limited will be held at the Registered Office of the Company at 130, Cotton Street Kolkata - 700007, on Tuesday September 29, 2015, at 10.30 a.m. to transact the following businesses:

ORDINARY BUSINESS :

1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2015, and the Reports of the Board of Directors and Auditors thereon.

2. To re-appoint Mr. Vijay Dalmia (DIN: 00583896) who retires by rotation and, being eligible, offers himself for re-appointment.

3. Appoint Auditors and in this regard to consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 139 and 142 of the Companies Act, 2013, and the corresponding Rules made thereunder, as amended from time to time, and pursuant to the resolution passed by the members at their 28th AGM held on September 30, 2014, the Company hereby ratifies the appointment of M/s. S. K. Ghosh & Co. Chartered Accountants (Registration No. 301017E), Kolkata, as the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the 30th Annual General Meeting of the Company to be held in the year 2016, at such remuneration to be decided by the Board in consultation with the Auditors.”

Regd. Office By order of the Board 130, Cotton Street, Kolkata - 700 007 Dated: August 14, 2015 ( Govind Agarwal ) Company Secretary

1 Notice To The Shareholders

1. A Member entitled to attend and vote at the Annual General Meeting ('AGM') may appoint a proxy to attend and vote on his behalf. A proxy need not be a Member of the Company. Proxies, in order to be effective, must be received at the Registered Office of the Company at 130, Cotton Street, Kolkata – 700007, not less than forty-eight hours before the commencement of the AGM. A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not more than ten percent of the total share capital of the Company carrying voting rights. A member holding more than ten percent of the total share capital of the Company carrying voting rights may appoint a single person as proxy and such person shall not act as a proxy for any other person or shareholder. During the period beginning 24 hours before the time fixed for the commencement of the meeting and ending with the conclusion of the meeting, a member would be entitled to inspect the proxies lodged with the Company, at any time during the business hours of the Company, provided that not less than three days of notice in writing is given to the Company. Members are requested to notify to the Registrar of the Company, M/s. ABS CONSULTANT PVT. LTD, Stephen House, 6th Floor, Room No. 99, 4, B. B. D. Bag (East), Kolkata- 700 001, any change in their address. 2. Corporate Members are required to send to the Company a certified copy of the Board Resolution, pursuant to Section 113 of the Companies Act, 2013, authorizing their representative to attend and vote at the AGM. 3. Members are requested to bring their copies of Annual Report to the Meeting. In order to enable us to register your attendance at the venue of the Annual General Meeting, members are requested to please bring their folio number/demat account number/DP ID- Client ID to enable us to provide a duly filled attendance slip for your signature and participation at the meeting. 4. In case of joint holders attending the meeting, only such joint holder who is higher in the order of names will be entitled to vote. 5. The Register of Directors and Key Managerial Personnel and their shareholding, maintained under Section 170 of the Companies Act, 2013, will be available for inspection by the members at the AGM. 6. The Register of Contracts or Arrangements in which Directors are interested, maintained under Section 189 of the Companies Act, 2013, will be available for inspection by the members at the AGM. 7. The Register of Members of the Company will remain closed from Wednesday, September 23, 2015 to Tuesday, September 29, 2015 (both days inclusive) for the purpose of Annual General Meeting. 8. In case any member is desirous to receive communication from the Company in electronic form, they may register their email address with Company or with their depository participant or send their consent at the Registered Office of the Company along with their folio no. and valid email address for registration.

2 Notice To The Shareholders

9. In terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Resolutions proposed at this AGM will be transacted through remote e-voting (facility to cast vote from a place other than the venue of the AGM) and for which purpose the Company has engaged the services of CDSL. The Board of Directors of the Company has appointed Mr. Md. Shahnawaz, Practising Company Secretary as the Scrutinizer for this purpose. The detailed instructions for e- voting are given as a separate attachment to this notice. The e-voting period begins from September 26, 2015 from 9.00 A.M. and ends on September 28, 2015 at 5.00 P.M. 10. Voting rights will be reckoned on the paid-up value of shares registered in the name of the Members as on September 22, 2015 (cut-off date). Only those Members whose names are recorded in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories as on the cut-off date will be entitled to cast their votes by remote e-voting. 11. Additional information, pursuant to Clause 49 of the Listing Agreement with Stock Exchanges, on Director recommended by the Board of Directors for re-appointment at this AGM is enclosed herewith. 12. Members holding shares in single name and physical form are advised to make nomination in respect of their shareholding in the Company. The Nomination Form SH 13 prescribed by the Government can be obtained from the Registrar and Transfer Agent or the Secretarial Department of the Company at its Registered Office. 13. Members who wish to obtain information on the Company or view the Financial Statements, may visit the Company's corporate website or send their queries at least 10 days before the AGM to the Company Secretary at the Registered Office of the Company. 14. The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent Account Number (PAN) by every participant in securities market. Members holding shares in electronic form are, therefore, requested to submit their P