ANNUAL REPORT 2014 - 2015 CORPORATE INFORMATION CIN: L92111TN1999PLC043163 BOARD OF DIRECTORS REGISTERED OFFICE : 1R3DXO$SSDVDP\6WUHHW 71DJDU&KHQQDL R. RADIKAA SARATHKUMAR 3K Chairperson & Managing Director )D[ R. SARATHKUMAR :HEVLWHZZZUDGDDQWY Director - Operations (PDLOLQIR#UDGDDQWY STATUTORY AUDITORS : A. KRISHNAMOORTHY &1*61 $662&,$7(6//3 Director &KDUWHUHG$FFRXQWDQWV $JDVW\DU0DQRU 1HZ1R2OG1R J. KRISHNA PRASAD 5DMD6WUHHW Director 71DJDU&KHQQDL V. SELVARAJ INTERNAL AUDITORS : Director $-'HRUD $VVRFLDWHV &KDUWHUHG$FFRXQWDQWV 6),,QG)ORRU *ROGHQ(QFODYH 1R3RRQDPDOOHH+LJK5RDG &KHQQDL LEGAL ADVISOR : +DULVKDQNDU0DQL M KAVIRIMANI $GYRFDWH &KLHI)LQDQFLDO2I¿FHU 1HZ1R)LUVW)ORRU /X]&KUXFK5RDG K C SAHU 0\ODSRUH&KHQQDL Company Secretary BANKERS : ,QGLDQ2YHUVHDV%DQN SUBHAA VENKAT 6DLGDSHW&KHQQDL &KLHI2SHUDWLQJ2I¿FHU&UHDWLYH REGISTRARS & SHARE TRANSFER AGENT : &DPHR&RUSRUDWH6HUYLFHV/LPLWHG B SHAKTHIVEL 6XEUDPDQLDQ%XLOGLQJ9WK)ORRU &KLHI2SHUDWLQJ2I¿FHU3URGXFWLRQ 0DUNHWLQJ 1R&OXE+RXVH5RDG &KHQQDL R RAYANE 3K OLQHV )D[*UDPV&$0(2 +HDG1HZ0HGLD (0DLOFDPHR#FDPHRLQGLDFRP CONTENTS Notice to the Shareholders 2 Standalone Financial Statement 31 Directors' Report 7 Auditors’ Report on Consolidated Financial Statement 46 Management Discussion and Analysis 17 Consolidated Financial Statement 49 Report on Corporate Governance 21 Proxy Form 59 Auditors' Report on Standalone Financial Statement 29 Attendance Slip 61 1 ANNUAL REPORT 2014 - 2015 NOTICE TO THE SHAREHOLDERS 1RWLFH LV KHUHE\ JLYHQ WKDW WKH 6L[WHHQWK $QQXDO *HQHUDO 7R FRQVLGHU DQG LI WKRXJKW ¿W WR SDVV ZLWK RU ZLWKRXW Meeting of the CRPSDQ\ ZLOO EH KHOG RQ )ULGD\ WKH th PRGL¿FDWLRQ V WKHIROORZLQJDV63(&,$/5(62/87,21 6HSWHPEHU DW DP DW 0DGUDV 5DFH &OXE *XLQG\ /RGJH *XLQG\ &KHQQDL ± WR WUDQVDFW WKH 5(62/9('7+$7SXUVXDQWWRWKHSURYLVLRQVRI6HFWLRQ IROORZLQJEXVLQHVV UHDGZLWK6HFWLRQ6FKHGXOH9RIWKH&RPSDQLHV $FWDQGDOORWKHUDSSOLFDEOHSURYLVLRQVWKHUHXQGHU ORDINARY BUSINESS: LQFOXGLQJ DQ\ VWDWXWRU\ PRGL¿FDWLRQ RU UHHQDFWPHQW WKHUHRIIRUWKHWLPHEHLQJLQIRUFHWKH&RPSDQ\KHUHE\ 7R UHFHLYH FRQVLGHU DQG DGRSW WKH $XGLWHG )LQDQFLDO DSSURYHV WKH HQKDQFHG PRQWKO\ UHPXQHUDWLRQ RI 6WDWHPHQWV RI WKH &RPSDQ\ RQ VWDQGDORQH DQG 5V 5XSHHV WKUHH ODNK ¿IW\ WKRXVDQG RQO\ FRQVROLGDWHG EDVLV IRU WKH ¿QDQFLDO \HDU HQGHG st LQFOXVLYH RI DOO DOORZDQFHV DQG SHUTXLVLWHV SD\DEOH WR 0DUFKLQFOXGLQJWKH%DODQFH6KHHWDVDWst March 0U5DPDQDWKDQ 6DUDWKNXPDU :KROHWLPH 'LUHFWRU ZLWK 3UR¿W /RVV 6WDWHPHQW IRU WKH ¿QDQFLDO \HDU effect from 1st-XQHIRUWKHUHPDLQLQJSHULRGRIKLV HQGHGRQWKDWGDWHDQG5HSRUWVRIWKH$XGLWRUVDQGWKH FXUUHQWWHUPHQGLQJRQst0DUFK %RDUGRI'LUHFWRUVWKHUHRQDQGLQWKLVUHJDUGWRFRQVLGHU DQGLIWKRXJKW¿WWRSDVVZLWKRUZLWKRXWPRGL¿FDWLRQWKH 5(62/9(')857+(57+$7WKHERDUGRIGLUHFWRUVEH IROORZLQJUHVROXWLRQDV25',1$5<5(62/87,21 DQGDUHKHUHE\DXWKRUL]HGWRGHFLGHYDU\DOWHULQFUHDVH 5(62/9('7+$7 WKH DXGLWHG )LQDQFLDO 6WDWHPHQWV RI PRGLI\RURWKHUZLVHGHFLGHWKHPDQQHURI¿[LQJYDULRXV WKH &RPSDQ\ RQ VWDQGDORQH DQG FRQVROLGDWHG EDVLV FRPSRQHQWVRIUHPXQHUDWLRQLQFOXGLQJSHUTXLVLWHVWREH IRU WKH ¿QDQFLDO \HDU HQGHG st 0DUFK LQFOXGLQJ SDLGWR0U5DPDQDWKDQ6DUDWKNXPDUZLWKLQWKHVDLGOLPLW WKH%DODQFH6KHHWDVDWVW0DUFK3UR¿W /RVV DVPD\EHWKRXJKW¿WIURPWLPHWRWLPH 6WDWHPHQWIRUWKH¿QDQFLDO\HDUHQGHGRQWKDWGDWHDQG 5(62/9(' )857+(5 7+$7 LQ WKH DEVHQFH RI WKH$XGLWRUV 5HSRUW DQG WKH %RDUG RI 'LUHFWRUV 5HSRUW RU LQDGHTXDF\ RI SUR¿WV LQ DQ\ ¿QDQFLDO \HDU WKH WKHUHRQ EH DQG DUH KHUHE\ UHFHLYHG FRQVLGHUHG DQG UHPXQHUDWLRQ VKDOO EH SDLG DV PLQLPXP UHPXQHUDWLRQ DGRSWHG XQGHU6FKHGXOH9RIWKH&RPSDQLHV$FW 7R DSSRLQW D GLUHFWRU LQ SODFH RI 0U5DPDQDWKDQ 6DUDWKNXPDUZKRUHWLUHVE\URWDWLRQDQGEHLQJHOLJLEOH %\2UGHURIWKH%RDUG RIIHUV KLPVHOI IRU UHDSSRLQWPHQW DQG LQ WKLV UHJDUG )RU5DGDDQ0HGLDZRUNV,QGLD/LPLWHG th WR FRQVLGHU DQG LI WKRXJKW ¿W WR SDVV ZLWK RU ZLWKRXW 'DWH $XJXVW PRGL¿FDWLRQ WKH IROORZLQJ UHVROXWLRQ DV 25',1$5< 5HJLVWHUHGRI¿FH 6G 5(62/87,21 3DXO$SSDVDP\6WUHHW 71DJDU .$1+8&+$5$16$+8 5(62/9('7+$70U5DPDQDWKDQ6DUDWKNXPDUUHWLULQJ &KHQQDL &RPSDQ\6HFUHWDU\ E\URWDWLRQEHDQGLVKHUHE\UHDSSRLQWHGDV'LUHFWRURI WKHFRPSDQ\ 127(6 7R UDWLI\ DSSRLQWPHQW RI DXGLWRUV DQG LQ WKLV UHJDUG WR FRQVLGHU DQG LI WKRXJKW ¿W WR SDVV ZLWK RU ZLWKRXW 1. 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