7(1<($5),1$1&,$/
6800$5<
Currency: ` in lakhs
Particulars
Nov
2005
Sources of Funds
Shareholders' Funds
Share Capital
Reserves and Surplus
Total Shareholders' Funds
Borrowed Funds
Unsecured Loans
Nov
2006
Nov
2007
#
Nov
2008
**
Nov
Mar
2009
2011
^ 16 months
Mar
2012
Mar
2013
@
Mar
2014
Mar
2015
$
2,984
34,672
37,656
2,984
37,589
40,573
2,984
61,880
64,864
2,984
86,972
89,956
2,984
96,449
99,433
2,984
113,360
116,344
2,984
127,486
130,470
2,984
166,458
169,442
2,984
62,857
65,841
4,575
192,726
197,301
37,656
40,573
64,864
89,956
99,433
116,344
130,470
169,442
65,841
250
197,551
7,770
903
6,675
1,436
7,040
50
1,298
8,306
50
2,267
9,329
50
2,750
8,621
3,554
3,186
4,755
3,708
2,594
4,599
3,988
2,318
4,449
3,419
95,690
4,266
6,714
8,983
8,282
20,993
214
6,693
45,165
9,845
6,901
30,651
903
6,821
55,121
9,506
6,137
47,979
817
13,537
77,976
12,468
5,973
54,306
1,449
24,795
98,991
11,337
6,439
52,740
482
37,209
108,207
15,932
9,819
57,701
591
42,127
126,170
18,324
14,178
86,627
964
26,414
146,507
16,515
14,209
143,294
2,098
18,653
194,769
15,150
17,339
30,779
611
23,604
87,483
38,790
15,787
60,929
1,430
37,549
154,484
Total
13,404
6,448
25,313
3,670
37,656
14,495
9,498
31,128
1,334
40,573
10,628
11,165
56,183
293
64,864
12,214
7,444
79,333
89,956
13,289
7,614
87,304
99,433
15,719
6,282
104,169
116,344
17,168
10,518
118,821
130,470
19,026
17,482
158,261
169,442
21,471
10,357
55,655
65,841
42,090
21,513
90,881
197,551
Total
69,750
5,416
4,482
59,852
4,103
63,955
76,586
6,039
4,312
66,235
5,953
72,188
77,301
6,199
3,836
67,266
34,270
101,536
76,482
5,409
3,302
67,771
9,342
77,113
81,183
3,956
77,227
10,074
87,301
121,501
4,545
116,956
17,579
134,535
105,834
4,102
101,732
16,870
118,602
99,509
4,711
94,798
20,733
115,531
105,743
5,315
100,427
21,692
122,119
190,076
7,302
182,774
9,292
192,066
20,007
10,014
19,273
15
1,385
50,694
13,261
(2,337)
10,924
4,112
6,812
22,356
10,234
19,746
7
1,307
53,650
18,538
(2,337)
16,201
5,628
10,573
23,148
10,170
20,510
2
958
54,788
46,748
(1,735)
45,013
11,120
33,893
23,759
10,210
20,966
1,112
56,047
21,066
20,790
41,856
11,944
29,912
28,771
12,920
22,689
828
65,208
22,093
(1,092)
21,001
7,313
13,688
39,049
22,699
36,823
1,200
99,771
34,764
(302)
34,462
11,828
22,634
35,910
19,282
34,605
956
59
90,812
27,790
(37)
27,753
9,292
18,461
33,305
20,670
32,323
802
24
87,124
27,965
41,412
69,377
19,057
50,320
37,488
19,177
30,662
797
36
88,160
33,959
33,959
11,873
22,086
73,985
23,636
49,414
13,108
77
160,220
31,846
(8,045)
23,801
13,768
10,033
-
-
-
-
-
-
-
-
-
8,792
-
-
-
-
-
-
-
-
-
(11,844)
6,812
37.6
9.8
10,573
34.7
13.8
33,893
24.7
50.3
29,912
28.5
44.1
13,688
34.8
17.7
22,634
34.3
19.4
18,461
33.5
18.1
50,320
27.5
53.1
22,086
35.0
22.0
6,981
57.8
3.8
22.83
35.43
113.58
100.24
45.87
75.85
61.87
168.63
74.01
15.26
10.00
2,984
126.19
22.50
6,714
135.95
27.50
8,206
217.37
12.50
3,730
301.46
12.50
3,730
333.22
16.50
4,924
389.84
12.50
3,730
437.17
32.50
9,699
567.76
360.0
10,7429
220.64
34.18
21.93
12.50
5,718
431.28
Total
Application of Funds
Net Fixed Assets
Investments
Deferred Tax Asset (Net)
Current Assets, Loans and Advances;
Inventories
Sundry Debtors
Cash and Bank Balances
Other Current Assets
Loans & Advances
Total Currents Assets, Loans and Advances
Less: Current Liabilities and Provisions
Current Liabilities
Provisions
Net Current Assets
Voluntary Retirement Schemes
Income
Gross Sales
Less : Excise Duty
Less : Sales Tax
Net Sales
Operating and Other Income
Expenditure
Material Cost
Personnel Cost
Manufacturing and Other Expenses
Interest Expense
Depreciation and amortization
Finance Cost
Total
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Exceptional Items -Net
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7D[DWLRQ
3UR±WIRUWKH\HDUEHIRUHLPSDFWRIWKH6FKHPH
of Amalgamation
L 3UR±WDIWHUWD[RIHUVWZKLOH:\HWK/LPLWHGWKH
amalgamating company
(ii) Depreciation / amortization on fair valuation of
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Tax Provision as a % of PBT (%)
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Earnings Per Share (`)
D &RPSXWHGRQWKHEDVLVRISUR±WIRUWKH\HDU
E &RPSXWHGRQWKHEDVLVRISUR±WIRUWKH\HDU
before the impact of Scheme of Amalgamation
(i) before exceptional items (net of tax)
(ii) after exceptional items
Equity Dividend Per Share (`)
Total Dividend Amount (` in Lakhs)
Book Value per share (`)
,QFOXGHVSUR±WRQVDOHRI&KDQGLJDUKSURSHUW\
,QFOXGHVSUR±WRQVDOHRIFRQVXPHUKHDOWKFDUHEUDQGV
^ Includes results of erstwhile Duchem Laboratories Ltd. on its amalgamation with the Company.
@ Includes gain on sale of the animal health business and sale of investment in the subsidiary.
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1
CONTENTS
02
Board’s Report including
Management Discussion and Analysis
11
42
Independent Auditors’ Report
Balance Sheet
61
62
Notes to the Financial Statements
Corporate Governance Report
55
60
6WDWHPHQWRI3UR±WDQG/RVV
Notice
Cash Flow Statement
64
1
NOTICE 64th Annual General Meeting
NOTICE is hereby given that the 64th$QQXDO*HQHUDO0HHWLQJRIWKH0HPEHUVRI3±]HU/LPLWHGZLOOEHKHOGDW Yashwantrao Chavan
Pratishthan Auditorium, General Jagannath Bhosale Marg, Next to Sachivalaya Gymkhana, Mumbai – 400 021, on
Monday, 13th July, 2015 at 3.00 p.m. to transact the following business:
Ordinary Business:
1.
To receive, consider and adopt the Audited Financial Statements of the Company including the Balance Sheet as at 31st March,
DQGWKH6WDWHPHQWRI3UR±WDQG/RVVRIWKH&RPSDQ\IRUWKH±QDQFLDO\HDUHQGHGst March, 2015 and the Reports of the
Board of Directors and Auditors thereon.
7RGHFODUHDGLYLGHQGIRUWKH±QDQFLDO\HDUHQGHGst March, 2015.
3.
To appoint a Director in place of Mr. S. Sridhar (DIN: 05162648), who retires by rotation and being eligible, offers himself for
re-appointment.
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“RESOLVED THAT pursuant to the ordinary resolution passed by the Members at the 63rd Annual General Meeting of the
Company and the provisions of Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013, read with the
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DVWKH6WDWXWRU\$XGLWRUVRIWKH&RPSDQ\IRUWKH±QDQFLDO\HDUHQGLQJst March, 2016, at such remuneration as may be approved
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Special Business:
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“RESOLVED THAT pursuant to the provisions of Sections 149 and 152 and other applicable provisions, if any, of the Companies
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General Meeting in terms of Section 161 of the Act and ZKRTXDOL±HVIRUEHLQJDSSRLQWHGDVDQ,QGHSHQGHQW'LUHFWRULQUHVSHFW
of whom the Company has received a notice in writing from a Member under Section 160 of the Act, proposing his candidature for
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7RFRQVLGHUDQGLIWKRXJKW±WWRSDVVZLWKRUZLWKRXWPRGL±FDWLRQVWKHIROORZLQJUHVROXWLRQDVDQOrdinary Resolution:
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WKHGDWHRIWKLV$QQXDO*HQHUDO0HHWLQJLQWHUPVRI6HFWLRQRIWKH&RPSDQLHV$FW§WKH$FW¨DQGEHLQJHOLJLEOHIRU
appointment, in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Act,
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URWDWLRQ¨
7RFRQVLGHUDQGLIWKRXJKW±WWRSDVVZLWKRUZLWKRXWPRGL±FDWLRQVWKHIROORZLQJUHVROXWLRQDVDQOrdinary Resolution:
“RESOLVED THATSXUVXDQWWRWKHSURYLVLRQVRI6HFWLRQVDQGRWKHUDSSOLFDEOHSURYLVLRQVLIDQ\RIWKH&RPSDQLHV
$FW§WKH$FW¨UHDGZLWKWKH&RPSDQLHV$SSRLQWPHQWDQG5HPXQHUDWLRQRI0DQDJHULDO3HUVRQQHO5XOHV6FKHGXOH9
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EHLQJLQIRUFHFRQVHQWRIWKH&RPSDQ\EHDQGLVKHUHE\DFFRUGHGWRWKHDSSRLQWPHQWRI'U/DNVKPL1DGNDUQL',1DVD
:KROHWLPH 'LUHFWRU RI WKH &RPSDQ\ IRU D WHUP RI ±YH \HDUV ZLWK HIIHFW IURP th February, 2015 and to her receiving
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2
A.
Salary, Fixed Allowances and Bonus/Performance Linked Incentives:
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subject to a maximum limit of `5XSHHV2QH&URUH6HYHQW\±YH/DNKVRQO\SHUDQQXP
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(a) Conveyance/Car Allowance:
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(b) Communication Allowance/Expenses:
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(c) Medical Expenses:
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(d) Leave and Leave Travel Assistance:
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Company.
(e) Personal Accident Insurance, Group Term Assurance and Hospitalization Coverage:
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(f) Provident Fund:
Contribution to the Company’s Provident Fund Scheme, in accordance with the rules of the Scheme.
(g) Gratuity
Contribution to Gratuity Fund as per rules of the Company.
(h) Reimbursement of Expenses:
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Company.
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of Directors of the Company may determine from time to time.
Provision of car for use of Company’s business will not be considered as perquisite. Perquisites shall be valued as per
Income-Tax Rules, 1962, wherever applicable.
C.
Minimum Remuneration:
Subject to such approvals as may be necessary, the remuneration determined by the Board of Directors of the Company
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RESOLVED FURTHER THATWKH%RDUGRI'LUHFWRUVRIWKH&RPSDQ\PD\LQLWVGLVFUHWLRQSD\WR'U/DNVKPL1DGNDUQLORZHU
remuneration than the maximum remuneration hereinbefore stipulated and revise the same from time to time, within the maximum
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RESOLVED FURTHER THATWKH%RDUGRI'LUHFWRUVRIWKH&RPSDQ\EHDQGLVKHUHE\DXWKRUL]HGWRGRDOOVXFKDFWVGHHGVPDWWHUV
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“RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013, read
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or re-enactment(s) thereof, for the time being in force), the remuneration of `5XSHHV7HQ/DNKV)RUW\7KRXVDQGRQO\
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Cost Accountants, having Firm’s Registration No. 000242 for conducting Cost Audit of the records maintained by the Company for
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3
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“RESOLVED THAT pursuant to the provisions of Section 14 and other applicable provisions of the Companies Act, 2013 read with
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in force), the revised Articles of Association which is placed before the Members at this meeting duly initialed by Mr. R. A. Shah,
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regulations contained in the existing Articles of Association of the Company.
RESOLVED FURTHER THAT WKH%RDUGRI'LUHFWRUVRIWKH&RPSDQ\EHDQGLVKHUHE\DXWKRUL]HGWRGRDOOVXFKDFWVGHHGVPDWWHUV
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By Order of the Board of Directors
Mumbai, 12th June, 2015
Prajeet Nair
Company Secretary
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Notes:
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Item Nos. 5 to 9 of the Notice is annexed hereto.
7KH5HJLVWHURI0HPEHUVDQGWKH6KDUH7UDQVIHU%RRNVRIWKH&RPSDQ\ZLOOUHPDLQFORVHGIURP)ULGD\rd July, 2015 to Monday,
13th July, 2015 (both days inclusive) for the purpose of payment of dividend.
'LYLGHQGIRUWKH±QDQFLDO\HDUHQGHGst March, 2015, as recommended by the Board of Directors of the Company, if approved at
the Annual General Meeting, will be paid to the Members on 28th July, 2015 as under:
L
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business hours on Thursday, 2nd July, 2015;
ii.
To all Members in respect of shares held in physical form after giving effect to valid transfers in respect of transfer requests
lodged with the Company on or before the close of business hours on Thursday, 2nd July, 2015.
,17(5062)6(&7,212)7+($&7$0(0%(5(17,7/('72$77(1'$1'927($77+($118$/*(1(5$/0((7,1*,6
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percent of the total share capital of the Company carrying voting rights. A member holding more than 10 (ten) percent of the total
share capital of the Company carrying voting rights may appoint a single person as Proxy and such person shall not act as a Proxy
for any other person or shareholder.
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at the Meeting and can vote only on a poll.
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
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Meeting.
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of address etc., quoting their folio number(s) to the Company’s Registrar & Share Transfer Agents:
Karvy Computershare Private Limited
81,73),=(5/,0,7('
Karvy Selenium Tower B, Plot No 31 & 32
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Hyderabad, Telangana – 500032
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Fax: 040 2300 1153
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details of which are as follows:
Particulars
Aggregate number as at 1st$SULOLQFOXGLQJHUVWZKLOH:\HWK/LPLWHG
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Aggregate number as at 31st March, 2015
Number of
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2,459
19
Number of
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649
2,440
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ratio of the Scheme of Amalgamation.
9.
In compliance with Sections 205A and 205C of the Companies Act, 1956, the Company has transferred the unpaid or unclaimed
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established by the Central Government. The Company has uploaded the details of unpaid and unclaimed amounts lying with the
Company as on 10th1RYHPEHUGDWHRIODVW$QQXDO*HQHUDO0HHWLQJRQWKHZHEVLWHRIWKH&RPSDQ\ªZZZS±]HULQGLDFRPª
and also on the website of the Ministry of Corporate Affairs.
Members are requested to contact the Company’s Registrar & Share Transfer Agents, in respect of their outstanding dividends for
the succeeding years.
10. Pursuant to Section 101 of the Act read with Rule 18 of the Companies (Management and Administration) Rules, 2014,
the Annual Report for 2014-15 is being sent through electronic mode to all the Members whose E-mail IDs are registered with the
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Report for 2014-15 is being sent by the permitted mode.
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can be obtained from the Registrar & Share Transfer Agents.
5
12. In compliance with the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration)
Rules, 2014, the Company is pleased to offer remote e-voting facility, which will enable the Members to cast their votes electronically
on all resolutions set out in the Notice. The remote e-voting period commences on Thursday, 9th July, 2015 (9.00 a.m.) and ends on
Sunday, 12th July, 2015 (5.00 p.m.).
13. Remote e-voting facility:
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Event No. (EVEN) followed by Folio No. registered with the Company
Password:
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vote. During the voting period, Members can login any number of times till they have voted on the Resolutions.
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xi)
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
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(in case of electronic shareholding) as on the cut-off date i.e., Monday, 6th July, 2015. A person, whose name is recorded
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i.e., Monday, 6th-XO\RQO\VKDOOEHHQWLWOHGWRDYDLOWKHIDFLOLW\RIUHPRWHHYRWLQJSROO
xiii) Any person who becomes a member of the Company after dispatch of the Notice of the Meeting and holding shares as
on the cut-off date i.e., Monday, 6th-XO\PD\REWDLQWKH8VHU,'DQGSDVVZRUGLQWKHPDQQHUDVPHQWLRQHGEHORZ
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and PAN to generate a password.
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xiv) The Annual Report 2014-15 of the Company containing the Notice of the Annual General Meeting is also available on
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[Y .DUY\&RPSXWHUVKDUH3ULYDWH/LPLWHGVKDOOEORFNWKHUHPRWHHYRWLQJPRGXOHDIWHUSPRQ6XQGD\th July, 2015.
xvi) Members who have voted electronically through remote e-voting shall not be eligible to vote at the Annual General
Meeting.
14. Pursuant to Section 107 of the Act read with Rule 20 of the Companies (Management and Administration) Rules,
2014, voting through polling paper shall also be made available to those Members who attends the Annual General
Meeting and have not already cast their vote by e-voting.
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cast in favour or against, if any, through electronic voting and polling process to the Chairman. The results declared along with the
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As required under Clause 49 of the Listing Agreement, given below are the details of the Director proposed for
re-appointment:
Item No. 3:
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effect from 14th May, 2013. In June 2013, Mr. Sridhar assumed additional responsibility of Distribution function and was re-designated
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effective close of business hours on 12th0D\+HLVFXUUHQWO\GHVLJQDWHGDV([HFXWLYH'LUHFWRU%XVLQHVV8QLWDQG'LVWULEXWLRQ+HDG
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Mr. Sridhar does not hold any shares in the Company. Mr. Sridhar is not a Director in any other Company.
None of the Directors or Key Managerial Personnel of the Company and their relatives other than Mr. Sridhar (being the appointee) are
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The Board recommends the Ordinary Resolution set out at Item No. 3 of the Notice for the approval of the Members.
7
A STATEMENT SETTING OUT MATERIAL FACTS PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013, (“the Act”)
FOR ITEM NOS. 5 to 9:
ITEM NO. 5 :
The Board of Directors of the Company at their meeting held on 14th)HEUXDU\DSSRLQWHG0U6XQLO6/DOEKDL',1
as an Additional Director of the Company with effect from 14th February, 2015. In terms of Section 161 of the Companies Act, 2013,
§WKH$FW¨0U/DOEKDLZLOOKROGRI±FHXSWRWKHGDWHRIWKLV$QQXDO*HQHUDO0HHWLQJThe Board of Directors of the Company at their
meeting held on 14th)HEUXDU\DOVRDSSRLQWHG0U6XQLO/DOEKDLDVDQ,QGHSHQGHQW'LUHFWRURIWKH&RPSDQ\IRUDSHULRGRI±YH
years with effect from 14th February, 2015,
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±HOG0U/DOEKDLLVSUHVHQWO\WKH&KDLUPDQDQG0DQDJLQJ'LUHFWRURI$WXO/LPLWHGDGLYHUVL±HGFKHPLFDOFRPSDQ\ZKHUHKHKDVEHHQ
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'LUHFWRUVKLSLQRWKHU3XEOLF/LPLWHG&RPSDQLHVDQGPHPEHUVKLSRI%RDUG&RPPLWWHHVWKHUHRIDVRQth May, 2015, is given as under:
Name of Company
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Designation
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Director
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Audit Committee
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from being appointed as Director in terms of Section 164 of the Act.
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is not liable to retire by rotation. The Company has received a notice in writing from a Member along with a deposit of requisite amount
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The Board recommends the Ordinary Resolutions set out at Item No. 5 of the Notice for approval by the Members.
ITEM NOS. 6 & 7:
The Board of Directors of the Company at their meeting held on 14th)HEUXDU\DSSRLQWHG'U/DNVKPL1DGNDUQL',1
as an Additional Director of the Company with effect from 14th February, 2015. In terms of Section 161 of the Companies Act, 2013,
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8
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
The Board of Directors of the Company at their meeting held on 14th)HEUXDU\DOVRDSSRLQWHG'U/DNVKPL1DGNDUQLDVD:KROH
WLPH 'LUHFWRU RI WKH &RPSDQ\ IRU D SHULRG RI ±YH \HDUV ZLWK HIIHFW IURP th February, 2015, on such remuneration, payments,
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subject to the approval of the shareholders at the Annual General Meeting of the Company.
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'U1DGNDUQLKDVPRUHWKDQ\HDUVRIFRUSRUDWHH[SHULHQFH6KHMRLQHGWKH&RPSDQ\DV6HQLRU'LUHFWRU+XPDQ5HVRXUFHVLQ0DUFK
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/LPLWHG
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'U1DGNDUQLLVQRWGLVTXDOL±HGIURPEHLQJDSSRLQWHGDV'LUHFWRULQWHUPVRI6HFWLRQRIWKH$FW7KH&RPSDQ\KDVUHFHLYHGDQRWLFHLQ
ZULWLQJIURPD0HPEHUDORQJZLWKDGHSRVLWRIUHTXLVLWHDPRXQWXQGHU6HFWLRQRIWKH$FWSURSRVLQJWKHFDQGLGDWXUHRI'U1DGNDUQL
IRUWKHRI±FHRI'LUHFWRURIWKH&RPSDQ\
1RQHRIWKH'LUHFWRUVRU.H\0DQDJHULDO3HUVRQQHORIWKH&RPSDQ\DQGWKHLUUHODWLYHVRWKHUWKDQ'U1DGNDUQLEHLQJWKHDSSRLQWHH
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7KLV6WDWHPHQWPD\DOVREHUHJDUGHGDVDGLVFORVXUHXQGHU&ODXVHRIWKH/LVWLQJ$JUHHPHQWZLWKWKH6WRFN([FKDQJHV
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to Section 190 of the Act.
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ITEM NO. 8:
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the Board of Directors at its meeting held on 5th May, 2015, on recommendation of the Audit Committee, appointed Messrs. RA & Co.,
Cost Accountants (having Firm’s Registration No. 000242) for conducting the Audit of the cost accounting records maintained by the
&RPSDQ\IRUWKH±QDQFLDO\HDUHQGLQJst March, 2016, at a remuneration of `5XSHHV7HQ/DNKVDQG)RUW\7KRXVDQGRQO\
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Pursuant to Section 148 of the Act read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the remuneration as approved
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in the Resolution set out at Item No. 8 of the Notice.
The Board recommends the Ordinary Resolution set out at Item No. 8 of the Notice for approval by the Members.
ITEM NO. 9:
3±]HU /LPLWHG ZDV LQFRUSRUDWHG RQ st November, 1950, under the provisions of the Indian Companies Act, 1913. The Articles of
Association of the Company, as currently in force, was adopted when the Company was incorporated under the Indian Companies Act,
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Companies Act, 2013, the existing Articles of Association require amendments to certain provisions to align the same in conformity with
the Companies Act, 2013.
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is proposed to amend the existing Articles of Association to align it with the provisions of Companies Act, 2013 including the Rules framed
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limited by shares. Accordingly, it is considered expedient to replace the existing Articles of Association by adopting a revised Articles of
Association.
9
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proposed in the new draft Articles of Association are given below for ease of reference to shareholders:
Sr.
No.
1.
2.
3.
4.
5.
6.
8.
9.
10.
Particulars as per draft Articles
Summary of change
of Association
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2013.
General Meetings
Proceedings with respect to the Annual General Meeting regarding length of the Notice
calling the general meeting, requirement of to whom the notice for the general meeting
needs to be given, material facts to be set out in the explanatory statements, business
to be transacted at the general meetings and other general meeting matters including
adjournment, poll etc. are amended in line with the provisions of the Companies Act, 2013.
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To include voting through electronic means.
Proxy
Restrictions on Proxy incorporated to align with the provisions of the Companies Act, 2013
with regard to limit of a person acting as a proxy.
Retirement and Rotation of
Provisions with respect to the retirement and rotation of Directors are amended to align
Directors
with the provisions of the Companies Act, 2013.
Appointment of Directors
Provisions with respect to the appointment of Directors and procedure thereof is amended
to align with the provisions of the Companies Act, 2013.
Proceedings of Board of Directors
Proceedings with respect to the Meetings of Board of Directors, quorum for the meeting,
notice calling the meeting, etc. are amended in line with the provisions of the Companies
Act, 2013.
Powers of Board
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Act, 2013.
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Act, 2013 and redundant provisions have been removed.
General Powers
The statutory provisions of the Act which permit a Company to do some acts “if so
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Companies Act, 2013 and the Rules framed thereunder, to avoid repetition.
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in the Resolution set out at Item No. 9 of the Notice.
The Board recommends the Special Resolution set out at Item No. 9 of the Notice for approval by the Members.
By Order of the Board of Directors
Mumbai, 12th June, 2015
Prajeet Nair
Company Secretary
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BOARD’S REPORT
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TO THE MEMBERS
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Women’s Health Care (WHC):
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14
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Vaccines:
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for Anacin in select markets.
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MANUFACTURING OPERATIONS:
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and to reduce waste.
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through medical newsletters.
15
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Audit Committee.
16
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
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18
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
DIRECTORS’ RESPONSIBILITY STATEMENT
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RELATED PARTY TRANSACTIONS
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PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS
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DEPOSITS FROM PUBLIC
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ACKNOWLEDGEMENTS
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For and on behalf of the Board of Directors
0XPEDLth June, 2015
20
R.A. Shah
Chairman
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ANNEXURE - A
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1.
CSR Policy Overview
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CSR Committee
Sr. No.
1.
2.
3.
Name
0U3UDGLS6KDK
0U$LMD]7REDFFRZDOOD
Mr. S. Sridhar
Designation / Category
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Our Purpose
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CSR Focus Areas
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Financial details
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Particulars
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Amount
30,105
602
602
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Manner in which CSR amount spent during the Financial Year 2014-15
Sr.
No.
CSR project
or activity
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Sector in
which the
project is
covered
Projects or
programs
1. Local area or
other
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state and district
where Projects or
Programs were
undertaken
Amount outlay
(budget) Project
or Program wise
Amount
spent on the
Projects and
Programs
1. Direct
Expenditure
on Projects/
Programs
2. Overheads
Cumulative
expenditure
upto the
reporting
period
Amount
spent : Direct
or through
Implementing
Agency
121.50
121.50
121.50
L'LUHFW
LL,PSOHPHQWLQJ
$JHQF\1*2
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7.60
7.60
7.60
129.10
129.10
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a.
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Sanitation
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goes to
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work
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Total
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partner
Reasons for shortfall in CSR spend
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Responsibility Statement
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For and on behalf of the Board of Directors
0XPEDLth0D\
22
Aijaz Tobaccowalla
Managing Director
Pradip Shah
Chairman, CSR Committee
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
ANNEXURE - B
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1.
OBJECTIVES:
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2.
PFIZER’S COMPENSATION PHILOSOPHY
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performing and committed workforce.
3.
DEFINITIONS
a.
“Act” means the Companies Act, 2013 and Rules framed thereunder, as amended from time to time.
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“Key Managerial Personnel” means
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heads.
4.
ROLE OF COMMITTEE
a.
Matters to be dealt with, perused and recommended to the Board by the Nomination and Remuneration
Committee
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23
b.
Policy for appointment, remuneration and removal of Independent Directors, Key Managerial Personnel and
Senior Management:
i.
The Nomination and Remuneration Committee will ensure that:
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iii. Term / Tenure:
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declaration.
iv. Evaluation:
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v.
Removal:
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vi. Retirement:
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
c.
Policy relating to the Remuneration for the Whole-time Director, Key Managerial Personnel and Senior
Management Personnel:
i.
General:
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iii. Remuneration to Whole-time / Managing Director, Key Managerial Personnel and Senior Management
Personnel:
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iv. Remuneration to Non-Executive / Independent Directors:
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OTHERS:
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6.
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Annexure - C
Form AOC-2 - Material Related Party Transactions
[Pursuant to Clause (h) of Sub-section (3) of Section 134 of the Act and Rule 8 (2) of the Companies (Accounts) Rules, 2014]
)RUPIRUGLVFORVXUHRISDUWLFXODUVRIFRQWUDFWVDUUDQJHPHQWVHQWHUHGLQWRE\WKH&RPSDQ\ZLWKUHODWHGSDUWLHVUHIHUUHGWRLQ6XEVHFWLRQ
RI6HFWLRQRIWKH&RPSDQLHV$FWLQFOXGLQJFHUWDLQDUPªVOHQJWKWUDQVDFWLRQVXQGHUWKLUGSURYLVRWKHUHWR
i. Details of contracts or arrangements or transactions not at arm’s length basis:
7KHUHZHUHQRFRQWUDFWVRUDUUDQJHPHQWVRUWUDQVDFWLRQVHQWHUHGLQWRGXULQJWKH\HDUHQGHGst March, 2015, which were not at
DUPªVOHQJWKEDVLV
ii. Details of material contracts or arrangement or transactions at arm’s length basis:
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IROORZV
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
Name of the Related
Party and Relationship
3±]HU,QF86$
8OWLPDWH+ROGLQJ
&RPSDQ\
3±]HU3URGXFWV,QGLD
Private Limited, India
)HOORZ6XEVLGLDU\
3±]HU'HYHORSPHQW
LP, UK
)HOORZ6XEVLGLDU\
3±]HU([SRUW&RPSDQ\
Ireland
)HOORZ6XEVLGLDU\
3±]HU6LQJDSRUH
Trading Pte Limited,
(Belgium Branch)
)HOORZ6XEVLGLDU\
3±]HU,QWHUQDWLRQDO
LLC, USA
)HOORZ6XEVLGLDU\
3±]HU&RUSRUDWLRQ
Hongkong Limited
)HOORZ6XEVLGLDU\
3±]HU3ULYDWH/LPLWHG
Singapore
)HOORZ6XEVLGLDU\
3±]HU$VLD
Manufacturing Pte Ltd.
)HOORZ6XEVLGLDU\
3±]HU3KDUPDFHXWLFDOV
Korea Limited
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Ireland
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6HUYLFH,QFRPH
5HFRYHU\RIH[SHQVHV
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Duration
Salient Terms
2QJRLQJ
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DQG LQ RUGLQDU\ FRXUVH
RIEXVLQHVV
2QJRLQJ
2QJRLQJ
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Amount
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445.56
102.16
36.59
293.61
1,480.06
611.83
11.91
630.33
24,316.29
6,684.00
3,679.26
175.50
135.52
223.63
166.55
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For and on behalf of the Board of Directors
0XPEDLth 0D\ 26
Nature of Transaction
R.A. Shah
Chairman
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Annexure - D
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo
INFORMATION UNDER SECTION 134 OF THE COMPANIES ACT, 2013 READ WITH RULE 8 OF THE COMPANIES
(ACCOUNTS) RULES, 2014 AND FORMING PART OF BOARD’S REPORT FOR THE YEAR ENDED 31st MARCH, 2015
A.
CONSERVATION OF ENERGY:
a)
Energy Conservation measures taken:
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B.
TECHNOLOGY ABSORPTION:
Research and Development (R & D):
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27
([SHQGLWXUHRQ5HVHDUFKDQG'HYHORSPHQW
(i)
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1,739.86
(iii) Total
1,739.86
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1%
C.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
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For and on behalf of the Board of Directors
0XPEDLth0D\ 28
R.A. Shah
Chairman
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Annexure - E
Particulars of Employees
PARTICULARS OF EMPLOYEES PURSUANT TO SECTION 134(3)(q) OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1)
OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
Sr.
No.
1.
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Requirement under Rule 5(1)
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managerial personnel in last Financial
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29
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market price.
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For and on behalf of the Board of Directors
0XPEDLth0D\ 30
R.A. Shah
Chairman
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Annexure - F
Secretarial Audit Report for the Financial Year Ended 31st March 2015
[Pursuant to Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014]
To,
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32
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
‘ANNEXURE’
To,
7KH0HPEHUV
PFIZER LIMITED
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3DWHO(VWDWH
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ANNEXURE - G
FORM MGT-9 - Extract of Annual Return
EXTRACT OF ANNUAL RETURN
DVRQWKH±QDQFLDO\HDUHQGHGRQst March, 2015
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I.
REGISTRATION AND OTHER DETAILS:
L
ii.
LLL
LY
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&,1
Registration Date
1DPHRIWKH&RPSDQ\
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Transfer Agent
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:
$OOWKHEXVLQHVVDFWLYLWLHVFRQWULEXWLQJRUPRUHRIWKHWRWDOWXUQRYHURIWKH&RPSDQ\DUHDVJLYHQEHORZ
Sr. Name and Description of main products
No.
1
3KDUPDFHXWLFDOV
NIC Code of the Product
21002
% to total turnover
of the Company
100%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
Sr. Name and address of the Company
No.
1.
2.
3.
34
3±]HU(DVW,QGLD%9
5LYLXP:HVWODDQ
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0DLQH86$
CIN/GLN
Holding
/Subsidiary
/Associate
% of Shares
held
Applicable
Section
1$
3URPRWHU
39.75
2(69)
1$
3URPRWHU
12.28
2(69)
1$
3URPRWHU
3.56
2(69)
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Sr. Name and address of the Company
No.
CIN/GLN
Holding
/Subsidiary
/Associate
% of Shares
held
Applicable
Section
4.
:DUQHU/DPEHUW&RPSDQ\//&
2UDQJH6WUHHW
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3URPRWHU
2.60
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IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity):
i)
Category-wise Share Holding:
Category of Shareholders
No. of Shares held
at the beginning of the year
3K\VLFDO
Demat
Total
No. of Shares held
at the end of the year
Demat
% of Total
Shares
Physical
Total
% of total
Shares
% Change
during the
year
A.
Promoters
(1)
Indian
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,QGLYLGXDO+8)
-
-
-
-
-
-
-
-
-
E
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-
-
-
-
-
-
-
-
-
F
6WDWH*RYHUQPHQWV
-
-
-
-
-
-
-
-
-
G
%RGLHV&RUSRUDWH
-
-
-
-
-
-
-
-
-
H
%DQNV),
-
-
-
-
-
-
-
-
-
I
$Q\RWKHU
-
-
-
-
-
-
-
-
-
Sub-Total (A) (1)
(2)
Foreign
D
15,V,QGLYLGXDOV
-
-
-
-
-
-
-
-
-
E
2WKHU,QGLYLGXDOV
-
-
-
-
-
-
-
-
-
F
%RGLHV&RUSRUDWH
21113171
-
21113171
70.75
29243042
-
29243042
63.92
(6.83)*
G
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-
-
-
-
-
-
-
-
-
H
$Q\2WKHU
-
-
-
-
-
-
-
-
-
Sub-Total (A) (2)
Total Shareholding of Promoter
(A) = (A) (1) + (A) (2)
-
-
-
-
-
-
-
-
-
21113171
-
21113171
70.75
29243042
-
29243042
63.92
(6.83)
35
Category of Shareholders
No. of Shares held
at the beginning of the year
3K\VLFDO
Demat
B.
Public Shareholding
,QVWLWXWLRQV
a.
Mutual Funds
E
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F
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-
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75
I
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297154
J
),,V
921371
K
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L
2WKHUVVSHFLI\
2.
Non Institutions
D
%RGLHV&RUSRUDWH
L
,QGLDQ
LL
2YHUVHDV
E
,QGLYLGXDOV
L
LL
F
2WKHUV6SHFLI\
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ii.
LLL
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LY
1RQUHVLGHQW,QGLDQV
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Sub-Total (B) (1)
C
36
Demat
% of Total
Shares
Physical
Total
% of total
Shares
% Change
during the
year
1332345
600
1332945
4.47
2572554
740
2573294
5.62
1.15
8926
2091
11017
0.04
6779
2437
9216
0.02
(0.02)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
75
-
-
-
-
-
-
-
297154
1.00
850202
-
850202
1.86
0.86
-
921371
3.09
2228193
46
2228239
4.87
1.78
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2559871
2691
2562562
8.59
5657728
3223
5660951
12.37
3.78
-
-
-
-
-
-
-
-
-
343364
20654
364018
1.22
2818020
24688
2842708
6.22
5.00
-
300
300
-
-
1035
1035
-
-
,QGLYLGXDOVKDUHKROGHUV
holding nominal share capital
upto `1 lakh
4285636
1053111
5338747
17.89
5844893
1149923
6994816
15.29
(2.60)
,QGLYLGXDOVKDUHKROGHUV
holding nominal share capital
LQH[FHVVRI`1 lakh
176248
-
176248
0.59
717346
-
717346
1.57
0.98
'LUHFWRUVDQG5HODWLYHV
3400
-
3400
0.01
6017
-
6017
0.01
-
Trusts
2033
-
2033
0.01
3501
53
3554
0.01
-
-
300
300
-
-
1035
1035
-
-
221806
9270
231076
0.77
241663
9335
250998
0.55
0.22
49016
569
49585
0.17
25661
569
26230
0.06
0.11
Sub-Total (B) (2)
5081503
1084204
6165707
20.66
9657101
1186638
10843739
23.71
3.05
Total Public Shareholding
(B) = (B) (1) + (B) (2)
7641374
1086895
8728269
29.25
15314829
1186684
16504690
36.08
6.83
-
-
-
-
-
-
-
-
-
28754545
1086895
29841440
100.00
44557871
1189861
45747732
100.00
-
Shares held by the Custodian for
GDRs and ADRs
Grand Total (A+B+C)
Total
No. of Shares held
at the end of the year
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
ii)
Sr.
No
Shareholding of promoters:
Shareholders Name
Shareholding at the
beginning of the year
No. of
Shares
% of total
shares
of the
Company
Shareholding at the
end of the year
% of shares
pledged /
encumbered
to total
share
No. of
Shares
% of total
shares
of the
Company
% of shares
pledged /
encumbered
to total
share
%
Change
in shareholding
during
the year*
1
3±]HU(DVW,QGLD%9
18186334
60.94
-
18186334
39.75
-
(21.19)
2
:\HWK//&
-
-
-
5617707
12.28
-
12.28
3
:\HWK+ROGLQJV//&
(DUOLHUNQRZQDV:\HWK
+ROGLQJV&RUSRUDWLRQ
-
-
-
1630164
3.56
-
3.56
4
:DUQHU/DPEHUW&RPSDQ\//&
1187163
3.98
-
1187163
2.60
-
(1.38)
5
3DUNH'DYLV&RPSDQ\//&
955733
3.20
-
955733
2.09
-
(1.11)
6
-RKQ:\HWK%URWKHU/LPLWHG
-
-
-
882000
1.93
-
1.93
7
3KDUPDFLD&RUSRUDWLRQ
783941
2.63
-
783941
1.71
-
(0.92)
21113171
70.75
-
29243042
63.92
-
(6.83)
Total
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iii) Change in Promoters’ Shareholding*:
Sr. Name of the shareholder
No
Shareholding at the
beginning of the year
No. of Shares
1
2
Cumulative shareholding
during the year
% of total
shares of the
Company
No. of Shares
% of total
shares of the
Company
3±]HU(DVW,QGLD%9
$WWKHEHJLQQLQJRIWKH\HDU
18186334
60.94
18186334
60.94
$WWKHHQGRIWKH\HDU
18186334
39.75
18186334
39.75
Wyeth LLC
$WWKHEHJLQQLQJRIWKH\HDU
-
-
-
-
Allotment of Shares pursuant to Scheme
RI $PDOJDPDWLRQ EHWZHHQ :\HWK /LPLWHG
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5617707
12.28
5617707
12.28
$WWKHHQGRIWKH\HDU
5617707
12.28
5617707
12.28
37
Sr. Name of the shareholder
No
Shareholding at the
beginning of the year
No. of Shares
3
5
6
No. of Shares
% of total
shares of the
Company
-
-
-
-
Allotment of Shares pursuant to Scheme
RI$PDOJDPDWLRQEHWZHHQ:\HWK/LPLWHG
DQGWKH&RPSDQ\RQ'HFHPEHU
1630164
3.56
1630164
3.56
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1630164
3.56
1630164
3.56
$WWKHEHJLQQLQJRIWKH\HDU
1187163
3.98
1187163
3.98
$WWKHHQGRIWKH\HDU
1187163
2.60
1187163
2.60
$WWKHEHJLQQLQJRIWKH\HDU
955733
3.20
955733
3.20
$WWKHHQGRIWKH\HDU
955733
2.09
955753
2.09
-
-
-
-
Allotment of Shares pursuant to Scheme
RI$PDOJDPDWLRQEHWZHHQ:\HWK/LPLWHG
DQGWKH&RPSDQ\RQ'HFHPEHU
882000
1.93
882000
1.93
$WWKHHQGRIWKH\HDU
882000
1.93
882000
1.93
$WWKHEHJLQQLQJRIWKH\HDU
783941
2.63
783941
2.63
$WWKHHQGRIWKH\HDU
783941
1.71
783941
1.71
21113171
70.75
29243042
63.92
:DUQHU/DPEHUW&RPSDQ\//&
3DUNH'DYLV&RPSDQ\//&
-RKQ:\HWK%URWKHU/LPLWHG
$WWKHEHJLQQLQJRIWKH\HDU
7
% of total
shares of the
Company
:\HWK+ROGLQJV//&
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$WWKHEHJLQQLQJRIWKH\HDU
4
Cumulative shareholding
during the year
3KDUPDFLD&RUSRUDWLRQ
Total
3XUVXDQW WR WKH $PDOJDPDWLRQ RI HUVWZKLOH :\HWK /LPLWHG ZLWK 3±]HU /LPLWHG VKDUHV RI 3±]HU /LPLWHG ZHUH LVVXHG
LQOLHXRIVKDUHVRIWKHHUVWZKLOH:\HWK/LPLWHGDVSHUWKHVKDUHH[FKDQJHUDWLRRIWKH6FKHPHRI$PDOJDPDWLRQ
2XW RI WKHVH VKDUHV RI 3±]HU /LPLWHG ZHUH LVVXHG LQ OLHX RI VKDUHV KHOG E\ WKH SURPRWHUV RI HUVWZKLOH
:\HWK/LPLWHG
38
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
iv) Shareholding pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Sr.
No
Name of the Shareholder
1
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
ATUL LIMITED
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
LIFE INSURANCE CORPORATION OF INDIA
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
UTI - EQUITY FUND
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
FRANKLIN TEMPLETON MUTUAL FUND SCHEMES
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
FRANKLIN TEMPLETON INVESTMENT FUNDS AND
SCHEMES
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
PARI WASHINGTON COMPANY PRIVATE LIMITED
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED
AND SCHEMES
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
THE ORIENTAL INSURANCE COMPANY LIMITED
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
DB INTERNATIONAL (ASIA) LIMITED
2SHQLQJ%DODQFH
6KDUHVERXJKWGXULQJWKHSHULRGWR
6KDUHVVROGGXULQJWKHSHULRGWR
&ORVLQJEDODQFH
2
3
4
5
6
7
8
9
10
Shareholding at the
beginning of the Year
No of Shares
% of total
shares of the
Company
Cumulative Shareholding
during the Year
No. of Shares
% of total
shares of the
Company
1035936
53594
982342
2.27
0.12
2.15
1035936
982342
982342
2.27
2.15
2.15
958927
958927
2.10
2.10
958927
958927
958927
2.10
2.10
2.10
507250
507250
1.11
1.11
507250
507250
1.11
1.11
477901
376719
281938
572682
1.05
0.82
0.62
1.25
477901
854620
572682
572682
1.05
1.87
1.25
1.25
411673
25000
249247
187426
0.90
0.05
0.54
0.41
411673
436673
187426
187426
0.90
0.95
0.41
0.41
390000
390000
0.85
0.85
390000
390000
0.85
0.85
358294
358294
0.78
0.78
358294
358294
0.78
0.78
307708
905192
97629
1115271
0.67
1.98
0.21
2.44
307708
1212900
1115271
1115271
0.67
2.65
2.44
2.44
297154
30675
327829
0.65
0.07
0.72
297154
327829
327829
327829
0.65
0.72
0.72
0.72
226798
3671
223124
0.50
0.01
0.49
226798
223124
223124
0.50
0.49
0.49
39
v)
Sr.
No
Name of the Director
1
Mr. R.A. Shah - Chairman
$WWKHEHJLQQLQJRIWKH\HDU
Allotment of Shares pursuant to Scheme of
$PDOJDPDWLRQEHWZHHQ:\HWK/LPLWHGDQGWKH
&RPSDQ\RQ'HFHPEHU
$WWKHHQGRIWKH\HDU
0U6XQLO/DOEKDL¥,QGHSHQGHQW'LUHFWRU
2QWKHGDWHRIDSSRLQWPHQW
(i.e., 14th)HEUXDU\
$WWKHHQGRIWKH\HDU
0U3UDMHHW1DLU¥.H\0DQDJHULDO3HUVRQQHO
$WWKHEHJLQQLQJRIWKH\HDU
$WWKHHQGRIWKH\HDU
2
3.
Shareholding of Directors and Key Managerial Personnel:
Shareholding at the
beginning of the year
No. of Shares
% of total
shares of the
Company
Cumulative shareholding
during the year
No. of Shares
% of total
shares of the
Company
3,400
140
0.01
0.00
3,400
3,540
0.01
0.01
3,540
0.01
3,540
0.01
2,477
0.01
2,477
0.01
2,477
0.01
2,477
0.01
1
1
0.00
0.00
1
1
0.00
0.00
1RQH RI WKH RWKHU ,QGHSHQGHQW 'LUHFWRUV LH 0U 8GD\ .KDQQD DQG 0U 3UDGLS 6KDK DQG ([HFXWLYH 'LUHFWRUV
0U$LMD]7REDFFRZDOOD0U9LYHN'KDULZDO0U66ULGKDUDQG'U/DNVKPL1DGNDUQLKROGVKDUHVLQWKH&RPSDQ\GXULQJWKH±QDQFLDO
\HDUHQGHGst March, 2015.
V) INDEBTEDNESS:
Indebtedness of the Company including interest outstanding/accrued but not due for payment:
7KH&RPSDQ\KDVQRWDYDLOHGDQ\ORDQGXULQJWKH\HDUDQGLVDGHEWIUHHFRPSDQ\
VI) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
A.
Sr.
No.
Particulars of Remuneration
1
*URVV6DODU\
D 6DODU\DVSHUSURYLVLRQVFRQWDLQHGLQVHFWLRQ
RIWKH,QFRPH7D[$FW
E 9DOXHRISHUTXLVLWHVXV,QFRPHWD[$FW
1961
F 3UR±WVLQOLHXRIVDODU\XQGHUVHFWLRQ
,QFRPHWD[$FW
6WRFN2SWLRQV
6ZHDW(TXLW\
Commission
2
3
4
5
40
Remuneration to Managing Director, Whole- time Directors and / or Manager:
Mr. Aijaz
Tobaccowalla
(CEO & MD)
z $VRISUR±W
z 2WKHUVVSHFLI\
2WKHUSOHDVHVSHFLI\
Total
Ceiling as per the Act
Name of MD/WTD/KMP
Mr. Vivek Mr. S. Sridhar Dr. Lakshmi
Dhariwal
(WTD &
Nadkarni
(WTD)
CFO)
(w.e.f 14th
February,
2015) (WTD)
Total
Amount
(`)
52,353,751
11,822,012
15,203,453
1,115,104
80,494,320
10,994,482
3,069,418
3,590,935
1LO
17,654,835
1LO
1LO
1LO
1LO
1LO
9,413,582
1LO
3,565,210
1LO
6,697,957
1LO
1LO
1LO
19,676,749
1LO
1LO
1LO
1LO
72,761,815
123,917,458
1LO
1LO
1LO
18,456,640
123,917,458
1LO
1LO
1LO
25,492,345
123,917,458
1LO
1LO
1LO
1LO
1LO
1LO
1,115,104 117,825,904
123,917,458 247,834,916
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
B.
Remuneration to other Directors:
Sr.
No.
Particulars of Remuneration
1.
Independent Directors
z
)HHIRUDWWHQGLQJERDUGFRPPLWWHHPHHWLQJV
Commission
z
2WKHUVSOHDVHVSHFLI\
Total (1)
Other Non-Executive Directors
z
)HHIRUDWWHQGLQJERDUGFRPPLWWHHPHHWLQJV
z
Commission
z
2WKHUVSOHDVHVSHFLI\
Total (2)
Grand Total = (1+2)
Total Managerial Remuneration
2YHUDOO&HLOLQJDVSHUWKH$FW
z
2.
C.
Name of Directors
Mr. R.A.
Shah
Mr. Pradip
Shah
Mr. Uday
Khanna
550,000
1,000,000
1,550,000
610,000
1,000,000
1,610,000
580,000
1,000,000
1,580,000
1$
1$
1,550,000
1,550,000
1$
1$
1,610,000
1,610,000
1$
1$
1,580,000
1,580,000
24,783,492
Total
Amount
(`)
Mr. Sunil
Lalbhai
(w.e.f 14th
February
2015)
110,000
125,000
235,000
1,850,000
3,125,000
4,975,000
1$
1$
235,000
235,000
1$
1$
4,975,000
4,975,000
Remuneration to Key Managerial Personnel other than MD/Manager/WTD:
Sr.
No.
Particulars of Remuneration
1
*URVV6DODU\
D 6DODU\DVSHUSURYLVLRQVFRQWDLQHGLQVHFWLRQRIWKH,QFRPH7D[$FW
E 9DOXHRISHUTXLVLWHVXV,QFRPHWD[$FW
F 3UR±WVLQOLHXRIVDODU\XQGHUVHFWLRQ,QFRPHWD[$FW
6WRFN2SWLRQV
6ZHDW(TXLW\
Commission
3,312,040
638
1LO
617,437
1LO
3,312,040
638
1LO
617,437
1LO
z $VRISUR±W
z 2WKHUVVSHFLI\
2WKHUSOHDVHVSHFLI\
Total
1LO
1LO
1LO
3,930,115
1LO
1LO
1LO
3,930,115
2
3
4
5
Name of Key
Managerial Personnel
Mr. Prajeet Nair
(CS-Company
Secretary)
Total
Amount
(`)
6WRFN2SWLRQVFRQVLVWRI5HVWULFWHG6WRFN8QLWVDQG6WRFN2SWLRQVJUDQWHGE\3±]HU,QF86$
vii) PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES
7KHUHZHUHQRLQVWDQFHVRIDQ\SHQDOWLHVSXQLVKPHQWFRPSRXQGLQJRIRIIHQFHVIRUWKH\HDUHQGHGst March, 2015.
{{{
41
ANNEXURE - H
Corporate Governance Report
I.
PFIZER’S PHILOSOPHY ON CORPORATE GOVERNANCE
&RUSRUDWH*RYHUQDQFHDW3±]HULVQRWMXVWDGKHUHQFHWRPDQGDWRU\UXOHVDQGJXLGHOLQHV<RXU&RPSDQ\KDVUHVSRQVLEO\FULWLFDOO\
DQGFROOHJLDOO\ZRUNHGWKURXJKDOOPDMRUGHFLVLRQV,WKDVKHOSHGFUHDWHDFUHGLEOHUHSXWDWLRQDPRQJVWDOOVWDNHKROGHUVDQGUHJXODWRUV
:HDUHJXLGHGE\WKH&RUH9DOXHVRIRXU3DUHQW&RPSDQ\3±]HU,QF86$LQRXUGD\WRGD\GHFLVLRQPDNLQJZKLFKUH²HFWVWKH
HQGXULQJFKDUDFWHURI3±]HUDQGLWVSHRSOH<RXU&RPSDQ\FRQVWDQWO\VWULYHVWRPDLQWDLQKLJKJRYHUQDQFHVWDQGDUGVDQGLVIRFXVHG
RQWKHJRDORIPDNLQJ3±]HUWKHSUHPLHULQQRYDWLYHELRSKDUPDFHXWLFDOFRPSDQ\7KLVDSSURDFKKDVKHOSHGWKH&RPSDQ\HDUQWKH
WUXVWRIDOOLWVVWDNHKROGHUVRYHULWVORQJKLVWRU\
II. BOARD OF DIRECTORS
(a) Composition of the Board of Directors
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RQWKH%RDUG7KH&KDLUPDQRIWKH%RDUGLVD1RQ([HFXWLYH,QGHSHQGHQW'LUHFWRU1RQHRIWKH'LUHFWRUVDUHUHODWHGWRHDFK
other.
(b) Board Meetings
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LVDSSULVHGDQGLQIRUPHGRIDOOWKHLPSRUWDQWLQIRUPDWLRQUHODWLQJWRWKHEXVLQHVVRIWKH&RPSDQ\LQFOXGLQJWKRVHOLVWHGLQ
$QQH[XUH; WR&ODXVHRIWKH/LVWLQJ$JUHHPHQW7KH&KDLUPDQRIWKH%RDUGWKH0DQDJLQJ'LUHFWRUDQGWKH&RPSDQ\
6HFUHWDU\GLVFXVVWKHLWHPVWREHLQFOXGHGLQWKHDJHQGDDQGWKHDJHQGDLVVHQWLQDGYDQFHWRWKH'LUHFWRUVDORQJZLWKGUDIW
RI WKH UHOHYDQW GRFXPHQWV DQG H[SODQDWRU\ QRWHV ZKHUHYHU UHTXLUHG WR HQDEOH WKH %RDUG WR GLVFKDUJH LWV UHVSRQVLELOLWLHV
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'XULQJWKHSHULRG$SULOWRVW0DUFK§±QDQFLDO\HDUXQGHUUHYLHZ¨WKH&RPSDQ\KHOG±YH%RDUG0HHWLQJVDV
XQGHU
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(ii) 24 -XO\
th
(iii) 9 2FWREHU
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0HHWLQJ§$*0¨DQGWKHQXPEHURIRWKHU'LUHFWRUVKLSV0HPEHUVKLSVDQGRU&KDLUPDQVKLSVKHOGE\HDFK'LUHFWRURIWKH
%RDUGDVRQst0DUFKDUHVHWRXWEHORZ
Name
Category of
Directorship*
No. of Board
Meetings
held
No. of Board
Meetings
Attended
Attendance
at the Last
AGM
No. of other
Directorships held
No. of other
Committees of
which Member/
Chairman
1(',
5
5
Yes
9
:7'
5
5
Yes
1LO
1$
0U3UDGLS6KDK
1(',
5
5
Yes
8
0U8GD\.KDQQD
1(',
5
5
Yes
6
0U6XQLO/DOEKDL
(w.e.f. 14th)HEUXDU\
1(',
1
1
1$
5
1LO
0U9LYHN'KDULZDO
:7'
5
5
Yes
1LO
1$
Mr. S. Sridhar
:7'
5
5
Yes
1LO
1$
'U/DNVKPL1DGNDUQL
(w.e.f. 14th)HEUXDU\
:7'
1
1
1$
1LO
1$
Mr. R.A. Shah (Chairman)
0U$LMD]7REDFFRZDOOD
(Managing Director)
42
1(',1RQ([HFXWLYH'LUHFWRU,QGHSHQGHQW
:7':KROHWLPH'LUHFWRU
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
Notes:
1XPEHU RI GLUHFWRUVKLSVPHPEHUVKLSV KHOG LQ RWKHU FRPSDQLHV H[FOXGHV 'LUHFWRUVKLSV0HPEHUVKLSV LQ SULYDWH OLPLWHG
FRPSDQLHV IRUHLJQ FRPSDQLHV FRPSDQLHV XQGHU 6HFWLRQ RI WKH &RPSDQLHV $FW §WKH $FW¨ PHPEHUVKLS RI
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1RQH RI WKH ,QGHSHQGHQW 'LUHFWRUV VHUYH DV DQ ,QGHSHQGHQW 'LUHFWRU LQ PRUH WKDQ OLVWHG FRPSDQLHV
0U 6XQLO /DOEKDL ZKR LV WKH 0DQDJLQJ 'LUHFWRU :KROHWLPH 'LUHFWRU RI $WXO /LPLWHG GRHV QRW KROG ,QGHSHQGHQW
Directorship in more than 3 listed companies.
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0HPEHUVRIPRUHWKDQFRPPLWWHHVDQG&KDLUPDQRIPRUHWKDQFRPPLWWHHVDFURVVDOOSXEOLFOLPLWHGFRPSDQLHVLQ
ZKLFK KH LV D 'LUHFWRU 1XPEHU RI &KDLUPDQVKLSV0HPEHUVKLSV RI FRPPLWWHHV FRYHUV &KDLUPDQVKLSV0HPEHUVKLSV RI
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III. BOARD COMMITTEES
'XULQJWKH±QDQFLDO\HDUXQGHUUHYLHZWKH%RDUGKDG±YH&RPPLWWHHVYL]$XGLW&RPPLWWHH6WDNHKROGHUVª5HODWLRQVKLS&RPPLWWHH
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7UDQVIHU&RPPLWWHH7KH%RDUGGHFLGHVWKHWHUPVRIUHIHUHQFHRIWKHVH&RPPLWWHHVDQGWKHDVVLJQPHQWRILWV0HPEHUVWKHUHRI
AUDIT COMMITTEE
3UHVHQWO\WKH$XGLW&RPPLWWHHFRPSULVHVRI0U5$6KDKDV&KDLUPDQ0U3UDGLS6KDK0U8GD\.KDQQDDQG0U$LMD]7REDFFRZDOOD
DVLWV0HPEHUV
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0U $LMD] 7REDFFRZDOOD ZDV LQGXFWHG DV D 0HPEHU RQ WKH $XGLW &RPPLWWHH ZLWK HIIHFW IURP th )HEUXDU\ 0U 7REDFFRZDOOD KROGV 0DVWHUªV 'HJUHH LQ %XVLQHVV $GPLQLVWUDWLRQ IURP WKH 6WHUQ 6FKRRO RI %XVLQHVV 1HZ <RUN 8QLYHUVLW\
$OOWKHPHPEHUVRIWKH&RPPLWWHHDUHSURIHVVLRQDOVDQG±QDQFLDOO\OLWHUDWHZLWKLQWKHPHDQLQJRI&ODXVHRIWKH/LVWLQJ$JUHHPHQW
0U3UDMHHW1DLUWKH&RPSDQ\6HFUHWDU\DFWVDVWKH6HFUHWDU\WRWKH&RPPLWWHH
)LYH$XGLW&RPPLWWHH0HHWLQJVZHUHKHOGGXULQJWKH±QDQFLDO\HDUXQGHUUHYLHZDQGWKHJDSEHWZHHQWZR0HHWLQJVGLGQRWH[FHHG
RQHKXQGUHGDQGWZHQW\GD\V7KHVH0HHWLQJVZHUHKHOGRQ
(i) 2nd0D\
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Y th)HEUXDU\
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(iii) 9 2FWREHU
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DVXQGHU
Name
Mr. R.A. Shah (Chairman)
0U3UDGLS6KDK
0U8GD\.KDQQD
0U$LMD]7REDFFRZDOODZHIth)HEUXDU\
Category*
1(',
1(',
1(',
:7'
Number of
Meetings held
5
5
5
1$
Number of
Meetings attended
5
5
5
1$
1(',1RQ([HFXWLYH'LUHFWRU,QGHSHQGHQW
:7':KROHWLPH'LUHFWRU
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7KH0DQDJLQJ'LUHFWRU)LQDQFH'LUHFWRU,QWHUQDO$XGLWRUDQG6WDWXWRU\$XGLWRUVDUHLQYLWHHVWRWKH0HHWLQJ
The Chairman of the Audit Committee was present at the 63rd Annual General Meeting held on 10th 1RYHPEHU 7KH0LQXWHVRIWKH$XGLW&RPPLWWHH0HHWLQJVZHUHQRWHGDWWKH%RDUG0HHWLQJV
43
STAKEHOLDERS’ RELATIONSHIP COMMITTEE
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Committee.
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held on 14th)HEUXDU\DUHDVXQGHU
Name
Designation
Category*
Chairman
1(',
Attendance at the
Meeting held on
14th February, 2015
Yes
0HPEHU
1(',
Yes
0HPEHU
Chairman
:7'
1(',
Yes
1$
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(w.e.f. 2nd0D\
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(w.e.f. 14th)HEUXDU\
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(Resigned w.e.f. 2nd0D\
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Nature of Complaints
Number of Complaints
As on
1st April,
2014
Received
during the
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Cleared/
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attended
31st March,
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90
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CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:
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Name
Category*
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Mr. S. Sridhar
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Meetings held
2
2
2
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Meetings attended
2
2
2
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Name
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Mr. R.A. Shah
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3
3
3
3
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3
3
3
3
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REMUNERATION TO DIRECTORS
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(a) Executive Directors
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Name
Salary
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Mr. S. Sridhar
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Total
237.55
100.36
126.90
9.84
474.65
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419.66
70.40
66.34
17.86
102.88
25.14
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1.31
588.88
114.71
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727.61
184.56
254.92
11.15
1178.24
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(1) Service Contracts, Severance Fees and Notice Period
46
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(2) Employee Stock Option Scheme
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Commission
Total
Number of
shares held
Mr. R.A. Shah
5.50
10.00
15.50
3,540
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6.10
10.00
16.10
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1.10
1.25
2.35
2,477
18.50
31.25
49.75
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Total
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on the independence of Mr. R.A. Shah.
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V.
GENERAL BODY MEETINGS
(a) The details of the last 3 Annual General Meetings held are as under:
AGM
Financial Year
Date and Time
Venue of the AGM
63rd
2013-2014
10th1RYHPEHUDWDP
nd
2012-2013
6 6HSWHPEHUDWSP
st
2011-2012
2nd August, 2012 at 3.00 p.m.
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Auditorium, General Jagannath
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(b) Special Resolutions passed at the last three Annual General Meetings:
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(c) Passing of Special Resolutions by Postal Ballot:
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VI. DISCLOSURES
(a)
Related party transactions
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48
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Compliances by the Company
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(f ) Management Discussion and Analysis
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are discussed in the said Report.
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49
VII. MEANS OF COMMUNICATION
Financial Results
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Presentation to Institutional Investors/Analysts
VIII. GENERAL SHAREHOLDER INFORMATION
Date, time and venue of the Annual General Meeting
Date
Time
9HQXH
13th-XO\
3.00 p.m.
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Date of Book Closure
3rd-XO\WRth-XO\ERWKGD\VLQFOXVLYH
Dividend Payment Date
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50
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Address for Correspondence
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Registrar and Share Transfer Agents Address
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MARKET PRICE DATA*
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Month and Year
Apr 2014
0D\
Jun 2014
-XO\ Aug 2014
Sep 2014
2FW 1RY Dec 2014
Jan 2015
)HE Mar 2015
BSE Ltd.
High (`)
1346.90
1298.00
1449.90
1499.00
1453.00
1824.00
1718.00
1828.00
2177.45
2325.00
2115.60
2250.00
Low (`)
1228.00
1175.00
1210.00
1325.00
1321.05
1426.00
1511.00
1618.75
1745.00
2032.00
1951.00
1974.50
The National Stock Exchange of
India Ltd.
High (`)
Low (`)
1348.65
1224.00
1299.00
1173.20
1450.00
1207.00
1500.00
1315.00
1450.00
1320.00
1825.00
1401.60
1720.00
1504.35
1824.95
1602.60
2184.00
1741.00
2325.00
1720.00
2116.60
1950.50
2251.00
1969.80
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51
PERFORMANCE OF PFIZER SHARE PRICE TO BROAD BASED INDEX - BSE SENSEX, NIFTY (INDEXED)
180.00
170.00
160.00
150.00
Index
140.00
Pfizer^
130.00
Sensex
120.00
Nifty
110.00
100.00
90.00
80.00
Apr-14 May-14 Jun-14 July-14 Aug-14 Sept-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
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DISTRIBUTION OF SHAREHOLDING
(a) Shareholding Pattern as on 31st March, 2015:
Category of Shareholder
Promoters
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Sub-Total
Total
52
Number of Shares
Percentage of
Shareholding
18186334
5617707
1630164
1187163
955733
882000
783941
29243042
39.75
12.28
3.56
2.60
2.09
1.93
1.71
63.92
2573294
9216
850202
2228239
2843743
7712162
6017
3554
1035
250998
26230
16504690
45747732
5.62
0.02
1.86
4.87
6.22
16.86
0.01
0.01
0.00
0.55
0.06
36.08
100.00
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
(b) Class-wise Distribution of Equity Shares as on 31st March, 2015:
Number of Equity Share Holding
¥
¥
¥
¥
¥
¥
$ERYH
Total
Number of
Shareholders
54728
13444
14926
1208
732
48
121
85207
Percentage of
Shareholders
64.23
15.78
17.52
1.42
0.86
0.05
0.14
100.00
Number of
Shares
1158009
1060611
2916774
852484
1384128
349596
38026130
45747732
Percentage of
Shareholding
2.53
2.32
6.38
1.86
3.03
0.76
83.12
100.00
Dematerialization of Shares and Liquidity
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Particulars
Number of
Shares
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Total
43155094
1402777
1189861
45747732
Percentage to Number of
Total Capital Shareholders
Issued
94.33
3.07
2.60
100.00
52061
14475
18671
85207
Percentage
to Total
Number of
Shareholders
61.10
16.99
21.91
100.00
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Shareholders’ Rights
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Managing Director
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
INDEPENDENT AUDITOR’S
REPORT
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EQUITY AND LIABILITIES
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4,266.19
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29,156.48
135,826.33
38,790.14
15,786.87
60,928.70
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1,429.74
125,328.39
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STATEMENT OF PROFIT AND LOSS
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CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2015
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66
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
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3
Amalgamation of Wyeth Limited with the Company
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67
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
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LY )DLUYDOXHRIDVVHWVDQGOLDELOLWLHVDFTXLUHGIURP:\HWK/LPLWHGDUHDVXQGHU
Assets
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'HIHUUHGWD[DVVHW
,QYHQWRULHV
7UDGHUHFHLYDEOHV
&DVKDQGEDQNEDODQFHV
2WKHUFXUUHQWDVVHWV
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Total Assets
Liabilities
/RQJWHUPERUURZLQJV
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3URYLVLRQV
3URSRVHGGLYLGHQG
Total Liabilities
Net Assets taken over
Purchase consideration
Goodwill (including intangible assets)
83,780
61,056
22,724
131,379
108,655
'XULQJ WKH \HDU HQGHG 0DUFK :\HWK /LPLWHG GHFODUHG DQG SDLG LQWHULP GLYLGHQG RI ` SHU VKDUH DJJUHJDWLQJ WR
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&KDQJHVLQLQYHQWRULHVRI±QLVKHGJRRGVZRUNLQSURJUHVVDQGVWRFNLQWUDGH
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68
57,952.58
13,388.19
8,791.99
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
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4
Share capital
31 March 2015
Number of
Amount
shares
Authorised
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8QFODVVL±HGVKDUHVRI`HDFK
Issued
(TXLW\VKDUHVRI`HDFK
Subscribed and fully paid up
(TXLW\VKDUHVRI`HDFK
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Total
0DUFK
1XPEHURI
$PRXQW
shares
52,844,080
10,155,920
63,000,000
5,284.41
1,015.59
6,300.00
45,750,372
4,575.04
45,747,732
2,640
45,750,372
4,574.77
0.18
4,574.95
1RWHV
5HFRQFLOLDWLRQRIWKHQXPEHURIHTXLW\VKDUHVDQGDPRXQWRXWVWDQGLQJDWWKHFRPPHQFHPHQWDQGDWWKHHQGRIWKHUHSRUWLQJ
\HDU
31 March 2015
Number of
Amount
shares
%DODQFHDWWKHFRPPHQFHPHQWRIWKH\HDU
29,844,080
2,984.32
$GGLWLRQV 6KDUHV LVVXHG SXUVXDQW WR WKH 6FKHPH RI 15,906,292
1,590.63
$PDOJDPDWLRQ5HIHUQRWH
45,750,372
4,574.95
%DODQFHDWWKHHQGRIWKH\HDU
0DUFK
1XPEHURI
$PRXQW
shares
'HWDLOVRIHTXLW\VKDUHVKHOGE\WKHKROGLQJFRPSDQ\WKHXOWLPDWHKROGLQJFRPSDQ\WKHLUVXEVLGLDULHVDQGDVVRFLDWHV
31 March 2015
Number of
Amount
shares
(TXLW\VKDUHVRI`HDFKIXOO\SDLGXSKHOGE\
Ultimate Holding Company
3±]HU,QF
Holding Company
3±]HU(DVW,QGLD%9IURP0DUFKWR
'HFHPEHU
Subsidiaries of the ultimate holding company
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0DUFK
1XPEHURI
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shares
18,186,334
1,818.63
5,617,707
1,630,164
561.77
163.02
882,000
88.20
1,187,163
955,733
783,941
118.72
95.57
78.39
69
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
6KDUHKROGHUVKROGLQJPRUHWKDQVKDUHVDVRQ0DUFKDQG0DUFK
31 March 2015
Number of
% holding
shares
(TXLW\VKDUHVRI`HDFKIXOO\SDLGXSKHOGE\
3±]HU(DVW,QGLD%9ZHI'HFHPEHU
3±]HU(DVW,QGLD%9IURP0DUFKWR
'HFHPEHU
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0DUFK
1XPEHURI
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shares
18,186,334
-
39.75
-
5,617,707
12.28
3XUVXDQWWRWKH6FKHPHRI$PDOJDPDWLRQRIHUVWZKLOH:\HWK/LPLWHGZLWKWKH&RPSDQ\VKDUHVRIIDFHYDOXH`HDFK
ZHUHLVVXHGGXULQJWKH\HDUWRWKHVKDUHKROGHUVRIHUVWZKLOH:\HWK/LPLWHGIRUFRQVLGHUDWLRQRWKHUWKDQFDVK'XULQJWKH±YHUHSRUWLQJ
SHULRGVLPPHGLDWHO\SUHFHGLQJWKHUHSRUWLQJGDWHQRVKDUHVKDYHEHHQLVVXHGE\FDSLWDOL]DWLRQRIUHVHUYHVDVERQXVVKDUHV
7KH&RPSDQ\KDVDVLQJOHFODVVRIHTXLW\VKDUHV$FFRUGLQJO\DOOWKHHTXLW\VKDUHVUDQNHTXDOO\ZLWKUHJDUGWRYRWLQJULJKWVGLYLGHQGV
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5
Reserves and surplus
31 March 2015
0DUFK
2,277.70
129,789.00
132,066.70
30,192.12
30,192.12
30,387.11
6,981.93
19.02
5,718.47
1,164.14
30,467.41
192,726.23
31 March 2015
0DUFK
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250.22
Total
250.22
Securities premium account
$WWKHFRPPHQFHPHQWRIWKH\HDU
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7D[RQGLYLGHQG
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6
Long-term borrowings (Unsecured)
Loans and advances from related parties
70
7KHDPRXQWUHSUHVHQWVSXUFKDVHFRQVLGHUDWLRQSD\DEOHWR-RKQ:\HWKDQG%URWKHU/LPLWHG8.IRUWKHWUDQVIHURILWVXQGHUWDNLQJLQ
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3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
7
8
Other long-term liabilities
31 March 2015
0DUFK
6HFXULW\GHSRVLWV
10.00
Total
10.00
31 March 2015
0DUFK
-
225.32
1,987.94
6DOHVUHWXUQ5HIHUQRWHD
540.39
&XVWRPVDQG&HQWUDO([FLVH5HIHUQRWHFDQGQRWH
202.78
2,956.43
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402.27
138.12
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540.39
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1,987.94
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1,987.94
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March 2015
200.34
-
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200.34
0DUFK
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2.44
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2.44
0DUFK
March 2015
2,592.99
138.12
-
2,731.11
0DUFK
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71
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
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9
Trade payables
31 March 2015
0DUFK
201.29
2WKHUWUDGHSD\DEOHV
33,219.05
Total
33,420.34
0LFURDQGVPDOOHQWHUSULVHV5HIHUQRWH
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31 March 2015
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167.87
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-
LLL 7KHDPRXQWRILQWHUHVWSDLGDORQJZLWKWKHDPRXQWVRIWKHSD\PHQWPDGH
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33.42
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-
'XHVWR0LFURDQG6PDOO(QWHUSULVHVKDYHEHHQGHWHUPLQHGWRWKHH[WHQWVXFKSDUWLHVKDYHEHHQLGHQWL±HGRQWKHEDVLVRILQIRUPDWLRQ
FROOHFWHGE\WKHPDQDJHPHQW7KLVKDVEHHQUHOLHGXSRQE\WKHDXGLWRUV
10 Other current liabilities
31 March 2015
0DUFK
1,530.48
478.26
6WDWXWRU\UHPLWWDQFHV
2,219.36
(PSOR\HHEHQH±WV
3,223.90
6HFXULW\GHSRVLWV
1,208.10
Total
8,660.10
8QSDLGGLYLGHQGV5HIHUQRWH
&UHGLWRUVIRUFDSLWDOH[SHQGLWXUH
,QYHVWRUHGXFDWLRQDQGSURWHFWLRQIXQG,(3)LVEHLQJFUHGLWHGE\WKHDPRXQWRIXQSDLGGLYLGHQGDIWHUVHYHQ\HDUVIURPWKHGXH
GDWH7KHEDODQFHUHSUHVHQWVDPRXQWVQRW\HWGXHIRUGHSRVLWWRWKH,(3)
72
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
11 Short-term provisions
31 March 2015
0DUFK
&RPSHQVDWHGDEVHQFHV5HIHUQRWH
433.33
*UDWXLW\5HIHUQRWH
570.94
-
691.83
:HDOWKWD[1HWRIWD[HVSDLG
85.76
)ULQJHEHQH±WWD[1HWRIWD[HVSDLG
55.22
,QFRPHWD[1HWRIWD[HVSDLG
7,002.81
6DOHVUHWXUQ5HIHUQRWHE
2,352.67
Employee related
3URYLGHQWIXQG5HIHUQRWH
2WKHUHPSOR\HHEHQH±WV5HIHUQRWHD
Other provisions
481.28
3URSRVHGGLYLGHQG5HIHUQRWH
'HPDQGVXQGHU'3&25HIHUQRWHFDQGQRWH
5,718.47
7D[RQSURSRVHGGLYLGHQG
1,164.14
18,556.45
Total
$GGLWLRQDOGLVFORVXUHVUHODWLQJWRFHUWDLQSURYLVLRQV
2SHQLQJ
QRWH
$GGLWLRQV
8WLOLVDWLRQ
5HYHUVDOV
&ORVLQJ
D 2WKHUHPSOR\HHEHQH±WV
March 2015
993.06
43.24
344.47
691.83
0DUFK
E 6DOHV5HWXUQ
March 2015
2,553.51
200.84
2,352.67
0DUFK
F 3URYLVLRQIRU'HPDQGVXQGHUWKH'UXJV3ULFHV
&RQWURO2UGHU
March 2015
481.28
481.28
0DUFK
Total (a + b + c)
March 2015
4,027.85
43.24
545.31
3,525.78
0DUFK
1RWH7KHRSHQLQJEDODQFHVDVRQ$SULOLQFOXGHEDODQFHVDFTXLUHGSXUVXDQWWRWKH6FKHPHRI$PDOJDPDWLRQRIHUVWZKLOH
:\HWK/LPLWHG
3URSRVHGGLYLGHQG
$PRXQWSHUVKDUHLQ`
1XPEHURIVKDUHV
$PRXQW`LQODNKV
31 March 2015
12.50
45,747,732
5,718.47
0DUFK
73
74
'LVSRVDOV$GMXVWPHQWV
$FFXPXODWHGGHSUHFLDWLRQ
$PRUWL]DWLRQRQGLVSRVDOV
$GMXVWPHQWV
%DODQFHDVDW0DUFK
%DODQFHDVDW$SULO
15.98
As at 31 March 2015
217.13
431.78
359.48
648.91
478.28
4,708.27
1,056.73
489.08
5,765.00
1,421.40
1,439.70
6,769.88
4,456.47
8,209.58
5,569.81
88.30
430.06
346.04
518.36
453.93
18.94
148.88
190.70
167.81
202.59
252.12
1,137.76
1,040.07
1,389.88
1,129.54
8,998.78
768.76
7,509.19
2,688.19 12,679.87
2,100.99
3,456.95 20,189.06
2,194.90 11,483.02
Building Plant and Furniture Vehicles
2I±FH Computers
Total
on equipment
and
equipments
Tangibles
Leasehold
±[WXUHV
Land
-
Total
15.51 11,498.53
Total
Intangibles
-
34,176.00 52,748.60
8,559.51 13,186.40
15.51
42,735.51 65,935.00
9,014.29
86,924.60
21,745.91
94,433.79
34,425.78
15.51
108,670.51 128,859.57
15.51
Trademarks Goodwill
&XUUHQF\`LQODNKV
7KHFRPSDQ\KDVREWDLQHGDQH[WHUQDOWHFKQLFDOHYDOXDWLRQRIWKHUHPDLQLQJHVWLPDWHGXVHIXOOLIHRIWKHDVVHWVWDNHQRYHUIURPHUVWZKLOH:\HWK/LPLWHG
/DQGDQG%XLOGLQJDFTXLUHGIURPHUVWZKLOH:\HWK/LPLWHGWKHDPDOJDPDWLQJ&RPSDQ\SXUVXDQWWRWKH6FKHPHRI$PDOJDPDWLRQZLWKWKH&RPSDQ\LVEHLQJ
WUDQVIHUUHGLQWKHQDPHRIWKH&RPSDQ\
,QFOXGHVDGGLWLRQVPDGHE\HUVWZKLOH:\HWK/LPLWHGIRUWKH±QDQFLDO\HDU
%XLOGLQJLQFOXGHVLQYHVWPHQWLQVKDUHDSSOLFDWLRQPRQH\RI`0DUFK`LQFRRSHUDWLYHKRXVLQJVRFLHW\UHSUHVHQWLQJRZQHUVKLSRIWZRUHVLGHQWLDO²DWV
3XUVXDQWWRWKHQRWL±FDWLRQRIWKH6FKHGXOH,,RIWKH&RPSDQLHV$FWZLWKHIIHFWIURP$SULOGHSUHFLDWLRQIRUWKH\HDUKDVEHHQSURYLGHGDVSHUWKHUDWHVGHWHUPLQHG
LQ3DUW&RI6FKHGXOH,,RUEDVHGRQHVWLPDWHGXVHIXOOLIHRIWKHDVVHWVGHWHUPLQHGE\WKHPDQDJHPHQW$FFRUGLQJO\GHSUHFLDWLRQIRUWKH\HDULVKLJKHUE\`ODNKVDQGIRUDVVHWV
ZKLFKKDGQRUHVLGXDOOLIHDVDW$SULOWKHERRNYDOXHQHWRIGHIHUUHGWD[DPRXQWLQJWR`ODNKVKDVEHHQDGMXVWHGDJDLQVW6XUSOXV
$VDW0DUFK
Net Block
16.59
$FFXPXODWHGGHSUHFLDWLRQ
$PRUWL]DWLRQRQGLVSRVDOV
$GMXVWPHQWV
Balance as at 31 March 2015
$GMXVWPHQWVWR6XUSOXV
5HIHUQRWH
'HSUHFLDWLRQ$PRUWL]DWLRQ
IRUWKH\HDU
'HSUHFLDWLRQ$PRUWL]DWLRQ
IRUWKH\HDU
$FTXLUHGSXUVXDQWWR6FKHPH
RI$PDOJDPDWLRQRI:\HWK
/LPLWHG
15.95
Balance as at 1 April 2013
Accumulated Depreciation /
Amortization
32.57
$GGLWLRQV
Balance as at 31 March 2015
%DODQFHDVDW$SULO
$FTXLUHG SXUVXDQW WR 6FKHPH
RI $PDOJDPDWLRQ RI :\HWK
/LPLWHG5HIHUQRWH
'LVSRVDOV$GMXVWPHQWV
%DODQFHDVDW0DUFK
32.57
Leasehold
Leasehold
land Improvements
$GGLWLRQVGXULQJWKH\HDU
Balance as at 1 April 2013
Gross block
12 Fixed Assets
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
13 Non - current investments
31 March 2015
0DUFK
5,316.91
1,050.97
4,265.94
0.25
7.29
0.02
7.56
0.11
(7.42)
0.25
4,266.19
0.25
31 March 2015
0DUFK
-
3URYLVLRQIRUHPSOR\HHEHQH±WV
260.00
3URYLVLRQIRUGRXEWIXOWUDGHUHFHLYDEOHDQGDGYDQFHV
984.25
3URYLVLRQIRUH[FLVHGXW\FXVWRPGXW\DQGSULFLQJOLWLJDWLRQV
937.65
$PRUWL]DWLRQRIYROXQWDU\UHWLUHPHQWFRVWV
2,236.24
3URYLVLRQIRUVDOHVUHWXUQ
1,001.29
2WKHU,QYHVWPHQWV
a. Investment property
$VVHWVJLYHQRQRSHUDWLQJOHDVH
/HVVDFFXPXODWHGGHSUHFLDWLRQ
b.
Unquoted investments
,QYHVWPHQWLQRWKHUHTXLW\LQVWUXPHQWV
L 7KH6KDPUDR9LWKDO&RRSHUDWLYH%DQN/LPLWHG
0DUFKVKDUHVRI`HDFKIXOO\SDLGXS
LL *ROG6RYHUHLJQ$FWXDOFRVW`
LLL %KDUXFK(FR$TXD,QIUDVWUXFWXUH/LPLWHG
0DUFKHTXLW\VKDUHVRI`HDFKIXOO\SDLGXS
LY %KDUXFK(QYLUR,QIUDVWUXFWXUH/LPLWHG
0DUFKHTXLW\VKDUHVRI`HDFKIXOO\SDLGXS
,QYHVWPHQWLQJRYHUQPHQWVHFXULWLHV
/HVV3URYLVLRQIRUGLPLQXWLRQLQYDOXHRILQYHVWPHQWV
Total
$JJUHJDWHDPRXQWRIXQTXRWHGLQYHVWPHQWV
14 Deferred tax asset (net)
Tax effect of items constituting deferred tax assets
2QGLIIHUHQFHEHWZHHQERRNEDODQFHDQGWD[EDODQFHRI±[HGDVVHWV
2WKHUV
2,271.03
7,690.46
976.56
Tax effect of items constituting deferred tax liability
2QGLIIHUHQFHEHWZHHQERRNEDODQFHDQGWD[EDODQFHRI±[HGDVVHWV
Deferred tax asset (net)
976.56
6,713.90
75
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
15 Long-term loans and advances
8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG
&DSLWDODGYDQFHV
&RPSHQVDWHGDEVHQFHV5HIHUQRWH
*UDWXLW\5HIHUQRWH
'HSRVLWVDQGRWKHUDGYDQFHV
&RQVLGHUHGJRRG5HIHUQRWH
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRUGRXEWIXOGHSRVLWVDQGDGYDQFHV
(PSOR\HHUHODWHGORDQVDQGDGYDQFHV
$GYDQFHLQFRPHWD[1HWRISURYLVLRQIRUWD[
%DODQFHZLWK&XVWRPV
&RQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRURWKHUGRXEWIXOORDQVDQGDGYDQFHV
2WKHUORDQVDQGDGYDQFHV
&RQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRURWKHUGRXEWIXOORDQVDQGDGYDQFHV
Total
31 March 2015
8.70
478.37
0DUFK
6,301.95
264.59
6,566.54
(264.59)
6,301.95
59.72
17,980.10
989.05
73.68
1,062.73
(73.68)
989.05
3,338.59
208.63
3,547.22
(208.63)
3,338.59
29,156.48
,QFOXGHV`ODNKV0DUFK`ODNKVGHSRVLWHGLQUHVSHFWRIGHPDQGVXQGHUWKH'UXJV3ULFHV&RQWURO2UGHU
16 Inventories
$WORZHURIFRVWDQGQHWUHDOLVDEOHYDOXHXQOHVVRWKHUZLVHVWDWHG
5DZPDWHULDOV
*RRGVLQWUDQVLWLQFOXGHGDERYH`ODNKV0DUFK`ODNKV
:RUNLQSURJUHVV
)LQLVKHGJRRGV5HIHUQRWH
*RRGVLQWUDQVLWLQFOXGHGDERYH`ODNKV0DUFK`ODNKV
6WRFNLQWUDGH5HIHUQRWH
*RRGVLQWUDQVLWLQFOXGHGDERYH`ODNKV0DUFK`ODNKV
6WRUHVDQGVSDUHVDWFRVW
3DFNLQJPDWHULDOV
Total
76
31 March 2015
9,164.40
0DUFK
957.60
10,413.91
16,906.47
123.35
1,224.41
38,790.14
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
)LQLVKHGJRRGVFRPSULVHV
/LTXLGSDUHQWHUDOV
7DEOHWVDQGFDSVXOHV
/LTXLGV
6ROLGV
/LTXLGVDQG/RWLRQV
2LQWPHQWV
31 March 2015
369.73
5,687.24
3,706.10
274.81
376.03
10,413.91
0DUFK
31 March 2015
10,604.48
3,048.74
534.54
2,261.29
346.89
110.53
16,906.47
0DUFK
31 March 2015
0DUFK
3.12
1,528.47
2,226.94
3,758.53
(2,226.94)
1,531.59
62.89
14,192.39
16.33
14,271.61
(16.33)
14,255.28
15,786.87
6WRFNLQWUDGHFRPSULVHV
/LTXLGSDUHQWHUDOV
7DEOHWVDQGFDSVXOHV
/LTXLGV
3RZGHUSDUHQWHUDOV
2LQWPHQWV
0LVFHOODQHRXV
17 Trade receivables
7UDGHUHFHLYDEOHVRXWVWDQGLQJIRUDSHULRGH[FHHGLQJVL[PRQWKVIURPWKHGDWH
WKH\EHFDPHGXHIRUSD\PHQW
6HFXUHGFRQVLGHUHGJRRG
8QVHFXUHGFRQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRUGRXEWIXOWUDGHUHFHLYDEOHV
2WKHUWUDGHUHFHLYDEOHV
6HFXUHGFRQVLGHUHGJRRG
8QVHFXUHGFRQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRUGRXEWIXOWUDGHUHFHLYDEOHV
Total
77
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
18 Cash and bank balances
31 March 2015
0DUFK
0.90
1,526.35
1.31
47,469.66
10,400.00
&DVKDQGFDVKHTXLYDOHQWV
&DVKRQKDQG
%DODQFHVZLWKEDQNV
,QFXUUHQWDFFRXQWV
,Q(()&DFFRXQW
,QGHSRVLWDFFRXQWV
2WKHUEDQNEDODQFHV
'HSRVLWDFFRXQWV
(DUPDUNHGEDQNEDODQFHV
8QSDLGGLYLGHQGDFFRXQWV
Total
1,530.48
60,928.70
31 March 2015
0DUFK
2,173.55
19 Short-term loans and advances
8QVHFXUHGFRQVLGHUHGJRRGXQOHVVRWKHUZLVHVWDWHG
6HFXULW\GHSRVLWV
/RDQVDQGDGYDQFHVWRHPSOR\HHV
%DODQFHZLWK&XVWRPVDQG([FLVHDXWKRULWLHV
151.46
1,982.46
4,085.47
53.66
4,139.13
(53.66)
2WKHUORDQVDQGDGYDQFHV
8QVHFXUHGFRQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRURWKHUGRXEWIXOORDQVDQGDGYDQFHV
Total
4,085.47
8,392.94
20 Other current assets
31 March 2015
0DUFK
,QWHUHVWDFFUXHGRQWLPHGHSRVLWV
892.40
3K\VLFLDQVDPSOHVDWFRVW
464.92
$VVHWVKHOGIRUVDOH
Total
78
72.42
1,429.74
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
21 Revenue from operations
Year ended
31 March 2015
<HDUHQGHG
0DUFK
6DOHRISURGXFWV
190,076.26
/HVVH[FLVHGXW\
7,301.82
182,774.44
Year ended
31 March 2015
42,663.77
82,856.33
4,879.91
46,289.15
1,636.19
1,443.76
641.79
<HDUHQGHG
0DUFK
2,363.54
182,774.44
Year ended
31 March 2015
<HDUHQGHG
0DUFK
2,535.90
6.36
15.14
2,557.40
Year ended
31 March 2015
<HDUHQGHG
0DUFK
4,437.90
11.37
4.28
1,551.81
386.38
101.84
13.01
228.02
6,734.61
Total
6DOHRISURGXFWVFRPSULVHV
/LTXLGSDUHQWHUDOV
7DEOHWVDQGFDSVXOHV
3RZGHUSDUHQWHUDOV
/LTXLGV
6ROLGV
2LQWPHQWV
)HHGVXSSOHPHQWV
0LVFHOODQHRXV
&RVPHWLFVDQG7RLOHWULHV
/LTXLGDQG/RWLRQV
22 Other operating income
6DOHRIVHUYLFHV
&6$FRPPLVVLRQ
6DOHRIVFUDS
Total
23 Other income
,QWHUHVWLQFRPH
2QGHSRVLWVIURPEDQNV
2QVWDIIORDQ
2QRWKHUV
5HQWDOLQFRPH5HIHUQRWH
/LDELOLWLHVSURYLVLRQVQRORQJHUUHTXLUHGZULWWHQEDFN
,QVXUDQFHFODLPV
3UR±WRQVDOHRIDVVHWVQHW
0LVFHOODQHRXVLQFRPH
Total
79
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
24 Cost of materials consumed
24 a.
Raw materials consumed
2SHQLQJVWRFNQRWH
$GG3XUFKDVHVQHW
/HVV&ORVLQJVWRFN
&RVWRIUDZPDWHULDOVFRQVXPHGD5HIHUQRWHDL
Year ended
31 March 2015
9,435.49
28,712.20
38,147.69
9,164.40
<HDUHQGHG
0DUFK
28,983.29
1RWH2SHQLQJVWRFNIRU±QDQFLDO\HDULQFOXGHVVWRFNDFTXLUHGSXUVXDQWWRWKH6FKHPHRI$PDOJDPDWLRQ
24 b
Packing materials consumed
Year ended
31 March 2015
2SHQLQJVWRFNQRWH
1,268.30
$GG3XUFKDVHV
9,556.32
10,824.62
/HVV&ORVLQJVWRFN
1,224.41
&RVWRISDFNLQJPDWHULDOVFRQVXPHGE
9,600.21
38,583.50
Total cost of materials consumed ( a + b )
<HDUHQGHG
0DUFK
1RWH2SHQLQJVWRFNIRU±QDQFLDO\HDULQFOXGHVVWRFNDFTXLUHGSXUVXDQWWRWKH6FKHPHRI$PDOJDPDWLRQ
DL 5DZPDWHULDOFRQVXPHGFRPSULVHV
9LWDPLQV
&RGHLQHSKRVSDWH
0LQLSUHVV;/EXONWDEOHWV
6XJDU
3UHGQLVRORQH
/HYRQRJHVWUHO1RUJHVWUHO
3UHPDULQWDEOHWV
2WKHULWHPV
24 c
<HDUHQGHG
0DUFK
28,983.29
Year ended
31 March 2015
28,050.47
4,622.39
7,619.09
2,072.02
924.78
349.25
43,638.00
<HDUHQGHG
0DUFK
Purchases of stock-in-trade
/LTXLGSDUHQWHUDOV
3RZGHUSDUHQWHUDOV
7DEOHWVDQGFDSVXOHV
/LTXLGV
6ROLGV
2LQWPHQWV
0LVFHOODQHRXV
80
Year ended
31 March 2015
4,086.15
3,691.20
5,466.99
1,085.91
5,578.09
218.45
611.26
8,245.24
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
G
&KDQJHVLQLQYHQWRULHVRI±QLVKHGJRRGVZRUNLQSURJUHVVDQGVWRFNLQWUDGH
,QYHQWRULHVDWWKHHQGRIWKH\HDU
)LQLVKHGJRRGV
:RUNLQSURJUHVV
6WRFNLQWUDGH
Year ended
31 March 2015
<HDUHQGHG
0DUFK
10,413.91
957.60
16,906.47
28,277.98
8,831.17
1,117.96
10,092.71
20,041.84
(8,236.14)
,QYHQWRULHVDWWKHFRPPHQFHPHQWRIWKH\HDUQRWH
)LQLVKHGJRRGV
:RUNLQSURJUHVV
6WRFNLQWUDGH
Net (increase) / decrease
1RWH ,QYHQWRULHVDWWKHFRPPHQFHPHQWRIWKH±QDQFLDO\HDULQFOXGHVLQYHQWRULHVDFTXLUHGSXUVXDQWWRWKH6FKHPHRI
$PDOJDPDWLRQ
(PSOR\HHEHQH±WV
6DODULHVDQGZDJHV
&RQWULEXWLRQVWRSURYLGHQWDQGRWKHUIXQGV5HIHUQRWH
*UDWXLW\5HIHUQRWH
6WDIIZHOIDUHH[SHQVHV
Total
Year ended
31 March 2015
<HDUHQGHG
0DUFK
20,663.49
861.65
651.59
1,459.13
23,635.86
81
82
4
3
2
1
(150.48)
(502.89)
234.34
(475.63)
(204.65)
686.84
540.96
(317.88)
798.21
89.50
-
2,010.37
6,048.62
877.34
489.78
-
1,469.41
6,366.50
35.81
2,010.37
32.69
6,048.62
1,469.41
6,366.50
(644.64)
150.48
434.29
(434.29)
(467.07)
(171.96)
(346.01)
475.63
-
-
-
2,468.72
798.21
525.99
89.50
(476.64)
877.34
489.78
(1,078.70)
5,886.31
999.42
0DUFK
*UDWXLW\ &RPSHQVDWHG
DEVHQFHV
6,250.04
(PSOR\HHEHQH±WV
Changes in present value of
obligations
3URMHFWHGEHQH±WREOLJDWLRQDW
EHJLQQLQJRIWKH\HDU
&XUUHQWVHUYLFHFRVW
7UDQVIHUVLQ
,QWHUHVWFRVW
%HQH±WVSDLG([SHFWHG
VHWWOHPHQWV
3DVWVHUYLFHFRVW¥YHVWHG
FXUWDLOPHQWJDLQ
$FWXDULDOJDLQORVVRQREOLJDWLRQ
,QFUHDVHLQDFFRXQWEDODQFH
(PSOR\HUªVFRQWULEXWLRQV
3ODQSDUWLFLSDQWVªFRQWULEXWLRQV
3URMHFWHGEHQH±WREOLJDWLRQDWWKH
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assets
)DLUYDOXHRISODQDVVHWVDW
EHJLQQLQJRIWKH\HDU
$GMXVWPHQWWRRSHQLQJEDODQFH
([SHFWHGUHWXUQRQSODQDVVHWV
&RQWULEXWLRQV
%HQH±WVSDLG7UDQVIHURXW
([SHFWHGVHWWOHPHQWV
$FWXDULDOJDLQORVVRQSODQDVVHWV
(PSOR\HUªVFRQWULEXWLRQV
3ODQSDUWLFLSDQWVFRQWULEXWLRQV
)DLUYDOXHRISODQDVVHWVDWWKHHQG
RIWKH\HDU
Net Asset / (Liability)
recognized in the balance sheet
3URMHFWHGEHQH±WREOLJDWLRQDWWKH
HQGRIWKH\HDU
)DLUYDOXHRISODQDVVHWVDWWKHHQG
RIWKH\HDU
1HW$VVHW/LDELOLW\UHFRJQL]HGLQ
WKHEDODQFHVKHHW
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,QYLHZRIWKHGLVDJUHHPHQWEHWZHHQWKHSDUWLHVRQWKHGUDIWPLQXWHVRQ0DUFKWKH8QLRQVRXJKWWRSUHVVIRUWKHLU
1RWLFHRI0RWLRQIRUDOOWKHPDWWHUVWREHOLVWHGIRU±QDOKHDULQJ7KHUHDIWHUWKH+RQªEOH%RPED\+LJK&RXUWSDVVHGDQ2UGHU
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7KHUHDIWHUWKH8QLRQPDGHDQDSSOLFDWLRQEHIRUHWKH+RQªEOH&KLHI-XVWLFHIRUKDYLQJWKLVJURXSRIPDWWHUVWREHDVVLJQHGWR
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WKHDVVHVVPHQWRIWKH0DQDJHPHQWQRIXUWKHUSURYLVLRQLVFRQVLGHUHGQHFHVVDU\RYHUDQGDERYHWKHVXPRI`ODNKV
0DUFK`ODNKVZKLFKKDVEHHQSDLGRIILQHDUOLHU\HDUV
7KH&RPSDQ\ZRXOGFRQWLQXHWRVHHNOHJDOUHFRXUVHLQDOOWKHDERYHPDWWHUV
(h) 7KH*RYHUQPHQWRI,QGLDKDGVHUYHGGHPDQGQRWLFHVRQHUVWZKLOH:\HWK/LPLWHGLQUHVSHFWRILWVSURGXFWFODLPLQJWKDWDQ
DPRXQWRI`ODNKVLQFOXVLYHRILQWHUHVWRI`ODNKVLVSD\DEOHLQUHVSHFWRISULFH±[DWLRQXQGHUWKH'UXJV3ULFHV
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(i) 7KH*RYHUQPHQWRI,QGLDKDGVHUYHGGHPDQGQRWLFHVRQHUVWZKLOH:\HWK/LPLWHGLQUHVSHFWRILWVSURGXFWFODLPLQJWKDWDQ
DPRXQWRI`ODNKVLQFOXVLYHRILQWHUHVWRI`ODNKVLVSD\DEOHLQUHVSHFWRISULFH±[DWLRQXQGHUWKH'UXJV3ULFHV
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DFFRXQWV&RUSRUDWHERQGVIRUDPRXQWDJJUHJDWLQJWR`ODNKVIRULQWHUHVWKDVEHHQIXUQLVKHG
(j) 7KH*RYHUQPHQWRI,QGLDKDGVHUYHGGHPDQGQRWLFHVRQHUVWZKLOH:\HWK/LPLWHGLQUHVSHFWRILWVFHUWDLQEXONGUXJVFODLPLQJ
WKDWDQDPRXQWRI`ODNKVLQFOXVLYHRILQWHUHVW`ODNKVLVSD\DEOHLQWRWKH'UXJ3ULFHV(TXDOL]DWLRQ$FFRXQW'3($
XQGHUWKH'UXJV3ULFHV&RQWURO2UGHURQDFFRXQWRIDOOHJHGXQLQWHQGHGEHQH±WHQMR\HGE\WKH&RPSDQ\7KH&RPSDQ\
KDVGLVSXWHGWKHGHPDQG:LWKRXWSUHMXGLFHWRLWVFRQWHQWLRQVWKH&RPSDQ\KDVSDLGDQDPRXQWRI`ODNKVXQGHUSURWHVW
(k) 7KH *RYHUQPHQW RI ,QGLD KDG VHUYHG D GHPDQG QRWLFH RQ HUVWZKLOH :\HWK /LPLWHG FODLPLQJ DQ DPRXQW ` ODNKV
LQFOXVLYHRILQWHUHVWRI`ODNKVGXHWKHUHRQIRUDOOHJHGQRQFRPSOLDQFHXQGHUWKH'UXJV3ULFHV&RQWURO2UGHULQ
UHVSHFWRISURGXFWLRQRI3UHGQLVRORQHEDVHGIRUPXODWLRQV:LWKRXWSUHMXGLFHWRLWVFRQWHQWLRQVWKH&RPSDQ\KDVSURYLGHGDQG
SDLG`ODNKVDQGGLVSXWHGWKHEDODQFHGHPDQG
7KHGHPDQGVVWDWHGLQKLMDQGNDERYHDJJUHJDWHWR`ODNKVLQFOXVLYHRILQWHUHVWRI`ODNKV%DVHGRQ
WKHOHJDORSLQLRQVREWDLQHGLQUHVSHFWRIWKHVHFDVHVWKH&RPSDQ\LVRIWKHRSLQLRQWKDWWKHHVWLPDWHGOLDELOLW\LQUHVSHFWRI
WKHVHFDVHVLQYROYHGVKDOOQRWH[FHHG`ODNKVSURYLGHGLQWKHERRNVRIDFFRXQW
(l)
Other Pricing related disputes
7KHJRYHUQPHQWKDGUDLVHGYDULRXVGHPDQGVIRUDOOHJHGRYHUFKDUJLQJRISULFHVRQEDWFKHVPDQXIDFWXUHGSULRUWRWKHHIIHFWLYH
GDWHRISULFHQRWL±FDWLRQVIRUFHUWDLQSURGXFWV7KHJRYHUQPHQWKDGDOVRUDLVHGGHPDQGVRQDFFRXQWRIDOOHJHGQRQDGKHUHQFH
RIFHUWDLQSULFHQRWL±FDWLRQVRQSURGXFWVPDUNHWHGWUDGHGE\WKH&RPSDQ\7KHWRWDOOLDELOLW\LQUHVSHFWRIWKHVHGHPDQGV
DPRXQWHGWR`ODNKV0DUFK`ODNKVDJDLQVWZKLFKWKH&RPSDQ\KDVPDGHDSURYLVLRQRI`ODNKV
0DUFK`ODNKV
%DVHG RQ WKH OHJDO RSLQLRQV REWDLQHG WKH &RPSDQ\ LV RI WKH RSLQLRQ WKDW WKH HVWLPDWHG OLDELOLW\ LQ UHVSHFW RI WKHVH FDVHV
LQYROYHGVKDOOQRWH[FHHGWKHDPRXQWSURYLGHGLQERRNVRIDFFRXQW
87
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
30 Contingent liabilities and commitments (to the extent not provided for)
(i)
(ii)
Contingent liabilities*
D &ODLPVQRWDFNQRZOHGJHGDVGHEWV
E 2WKHUJXDUDQWHHV
F 2WKHUFRQWLQJHQWOLDELOLWLHVLQUHVSHFWRI
([FLVH'XW\
&XVWRPVGXW\
6DOHVWD[9$7
6HUYLFHWD[
,QFRPHWD[
3HQGLQJODERXUPDWWHUVFRQWHVWHGLQYDULRXVFRXUWV
Commitments
(VWLPDWHGDPRXQWRIFRQWUDFWVUHPDLQLQJWREHH[HFXWHGRQFDSLWDODFFRXQW
DQGQRWSURYLGHGIRU
31 March 2015
0DUFK
1,369.05
754.04
2,086.10
171.72
13,187.38
193.11
25,139.08
104.21
2,453.46
0DQDJHPHQW FRQVLGHUV WKH VHUYLFH WD[ H[FLVH GXW\ FXVWRP GXW\ VDOHV WD[ 9$7 DQG LQFRPH WD[ GHPDQGV UHFHLYHG IURP WKH
DXWKRULWLHVDUHQRWWHQDEOHDJDLQVWWKH&RPSDQ\DQGWKHUHIRUHQRSURYLVLRQIRUWKHVHWD[FRQWLQJHQFLHVKDVEHHQPDGH
31 The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given
below:
1DWXUHRIH[SRVXUH
$FFRXQWVUHFHLYDEOH
$FFRXQWVSD\DEOH
1HWUHFHLYDEOHSD\DEOH
31 March 2015
` in lakhs
Foreign
currency
(US$ in
lakhs)
27.05
1,688.23
89.75
5,602.40
(62.70)
(3,914.17)
0DUFK
`LQODNKV
)RUHLJQ
FXUUHQF\
86LQ
ODNKV
32 Value of imports calculated on CIF basis
5DZPDWHULDOV
*RRGVIRUUHVDOH
Total
Year ended
31 March 2015
13,922.73
28,814.58
42,737.31
<HDUHQGHG
0DUFK
Year ended
31 March 2015
36.59
182.46
390.18
338.63
44.41
103.14
1,095.41
<HDUHQGHG
0DUFK
33 Expenditure in foreign currency (accrual basis)
5R\DOW\
7UDYHOOLQJDQGFRQYH\DQFH
6HUYLFHFKDUJHV
6DODULHVDQGZDJHV
/HJDODQGSURIHVVLRQDOIHHV
2WKHUV
Total
88
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
34 Details of consumption of imported and indigenous raw materials
,PSRUWHG
March 2015
0DUFK
,QGLJHQRXV
March 2015
0DUFK
Total
Amount
15,028.83
13,954.46
28,983.29
Year ended
31 March 2015
93.30
1,075.59
1,168.89
<HDUHQGHG
0DUFK
Year ended
31 March 2015
-
<HDUHQGHG
0DUFK
-
0DUFK
±QDOGLYLGHQG
0DUFK
LQWHULPGLYLGHQG
35 Earnings in foreign exchange
([SRUWRIJRRGVFDOFXODWHGRQ)2%EDVLV
6HUYLFHLQFRPH
Total
36 Amounts remitted in foreign currency
$PRXQWRIGLYLGHQGUHPLWWHGLQIRUHLJQFXUUHQF\
7RWDO QXPEHU RI QRQUHVLGHQW VKDUHKROGHUV WR ZKRP WKH GLYLGHQGV ZHUH
UHPLWWHGLQIRUHLJQFXUUHQF\
7RWDOQXPEHURIVKDUHVKHOGE\WKHPRQZKLFKGLYLGHQGZDVGXH
<HDUWRZKLFKWKHGLYLGHQGUHODWHV
37 Segmental information
$IWHUFRQVLGHULQJWKH$PDOJDPDWLRQRI:\HWK/LPLWHGHIIHFWLYH$SULOWKH&RPSDQ\KDVFRQFOXGHGWKDWLWKDVRQO\RQH
VHJPHQW ZKLFK LV 3KDUPDFHXWLFDOV DQG WKH FRPSDQ\ SULPDULO\ RSHUDWHV LQ GRPHVWLF PDUNHW WKHUHIRUH GLVFORVXUH UHODWLQJ WR
VHJPHQWVLVQRWDSSOLFDEOHDQGDFFRUGLQJO\QRWPDGH
38 Disclosures as required by the Accounting Standard 18 on “Related Party Disclosures” are given below:
I.
Names of Related Parties and description of Relationships
A.
Parties where control exists:
8OWLPDWHKROGLQJFRPSDQ\
3±]HU,QF86$
B.
Holding Company:
3±]HU(DVW,QGLD%9IURP0DUFKWR'HFHPEHU
&
&RPSDQLHVFROOHFWLYHO\H[HUFLVLQJVLJQL±FDQWLQ²XHQFH
3±]HU(DVW,QGLD%9ZHI'HFHPEHU
:\HWK//&86$ZHI'HFHPEHU
:\HWK+ROGLQJV&RUSRUDWLRQ86$ZHI'HFHPEHU
-RKQ:\HWK%URWKHU/LPLWHG8.ZHI'HFHPEHU
89
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
:DUQHU/DPEHUW&RPSDQ\//&86$
3DUNH'DYLV&RPSDQ\//&86$
90
3KDUPDFLD&RUSRUDWLRQ86$
3±]HU&RUSRUDWLRQ3DQDPDXSWR0DUFK
3±]HU,QYHVWPHQWV1HWKHUODQGV%9XSWR0DUFK
>&ROOHFWLYHO\KROGLQJRIWKHDJJUHJDWHRIHTXLW\VKDUHFDSLWDORIWKH&RPSDQ\@
D.
Fellow Subsidiaries with whom transactions have taken place during the year
3±]HU/DERUDWRULHV3URSULHWRU\/LPLWHG6RXWK$IULFD
3±]HU(QWHUSULVHV6$5//X[HPERXUJ
3±]HU([SRUW&RPSDQ\,UHODQG
3±]HU*OREDO7UDGLQJ,UHODQG
3±]HU6LQJDSRUH7UDGLQJ3WH/LPLWHG%HOJLXP%UDQFK
3±]HU,QF3KLOOLSLQHV
3±]HU3ULYDWH/LPLWHG6LQJDSRUH
3±]HU3URGXFWV,QGLD3ULYDWH/LPLWHG,QGLD
3±]HU&RUSRUDWLRQ$XVWULD*HVHOOVFKDIWPE+
3±]HU2YHUVHDV//&
3±]HU&RUSRUDWLRQ+RQJNRQJ/LPLWHG
3±]HU/LPLWHG8.
3±]HU&DQDGD,QF
3±]HU$XVWUDOLD3W\/LPLWHG
3±]HU$VLD0DQXIDFWXULQJ3WH/WG
3±]HU'HYHORSPHQW/3
3±]HU(J\SW6$(
3±]HU3KDUPDFHXWLFDOV.RUHD/LPLWHG
:KLWHKDOO,QWHUQDWLRQDO,QF
:\HWK$\HUVW,QWHUQDWLRQDO//&
:\HWK3KDUPDFHXWLFDOV,QF
3±]HU6HUYLFH&RPSDQ\%9%$
3±]HU,QWHUQDWLRQDO//&86$
3±]HU6$GH&9
-RKQ:\HWK%URWKHU/LPLWHG,QGLD%UDQFKZHI'HFHPEHU
:\HWK/LPLWHG$PDOJDPDWLRQHIIHFWHGZLWKWKH&RPSDQ\LQWKHFXUUHQW\HDU
=RHWLV3KDUPDFHXWLFDO5HVHDUFK3ULYDWH/LPLWHGXSWR-XQH
=RHWLV,QGLD/LPLWHGXSWR-XQH
=RHWLV6LQJDSRUH37(/WGXSWR-XQH
3±]HU$QLPDO3KDUPD3ULYDWH/LPLWHGXSWR-XQH
E.
Key Managerial Personnel
$LMD]7REDFFRZDOOD0DQDJLQJ'LUHFWRU
66ULGKDU:KROHWLPH'LUHFWRUDQG&KLHI)LQDQFLDO2I±FHUZHI0D\
9LYHN'KDULZDO:KROHWLPH'LUHFWRU
'U/DNVKPL1DGNDUQL:KROHWLPH'LUHFWRUZHI)HEUXDU\
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
II. Transactions during the year and Balances Outstanding as at the year end with the Related Parties are as follows:
31 March 2015
No. Nature of Transactions
Ultimate
Holding
Company
31 March 2014
Fellow
Companies
exercising Subsidiaries
VLJQL±FDQW
LQ²XHQFH
1
6DOHRI±QLVKHGJRRGVQHWRI
UHWXUQV
6HUYLFHLQFRPHLQFOXGLQJ
VHUYLFHWD[
3
6DOHRIDVVHW
5HFRYHU\RIH[SHQVHV
3XUFKDVHRI±QLVKHGJRRGV
3XUFKDVHRIUDZEXON
PDWHULDOV
5R\DOW\H[SHQVH
36.59
6HUYLFHFKDUJHV
-
-
([SHQVHVUHLPEXUVHG
293.61
-
,QWHULP'LYLGHQGIRU
'HFHPEHUDQG
GLYLGHQGLQUHVSHFWRIWKH
\HDUHQGHG0DUFK
-
-
11 &RPPLVVLRQ,QFRPH
-
5HQWDOLQFRPH
Ultimate
Holding
Company
Fellow
Companies
exercising Subsidiaries
VLJQL±FDQW
LQ²XHQFH
-
-
-
445.56
-
2,110.40
-
-
-
102.16
4.11
1,015.17
-
-
28,814.58
-
-
6,687.06
-
-
-
555.27
-
-
-
-
-
-
13 2XWVWDQGLQJDVDWWKH\HDU
HQG¥'XHIURP
316.62
31.74
2,136.82
2XWVWDQGLQJDVDWWKH\HDU
HQG¥'XHWR
976.74
770.66
20,955.57
Key Managerial Personnel
No. Nature of transactions
5HPXQHUDWLRQWR.H\0DQDJHULDOSHUVRQQHO
Year ended
31 March 2015
<HDUHQGHG
0DUFK
981.49
91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
Details of material transactions during the year:
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)
l)
92
6DOHRI±QLVKHGJRRGVQHWRIUHWXUQV
3±]HU,QF3KLOOLSLQHV
3±]HU$QLPDO3KDUPD3ULYDWH/LPLWHG
6DOHRI±[HGDVVHWV
:\HWK/LPLWHG
Service Income
3±]HU,QF86$
:\HWK/LPLWHG,QGLDLQFOXGLQJVHUYLFHWD[
3±]HU3URGXFWV,QGLD3ULYDWH/LPLWHG,QGLDLQFOXGLQJVHUYLFHWD[
3±]HU'HYHORSPHQW/3
3±]HU$QLPDO3KDUPD3ULYDWH/LPLWHG
Recovery of expenses
3±]HU,QF86$
=RHWLV3KDUPDFHXWLFDO5HVHDUFK3ULYDWH/LPLWHG
3±]HU3URGXFWV,QGLD3ULYDWH/LPLWHG,QGLD
:\HWK/LPLWHG,QGLD
3±]HU,QWHUQDWLRQDO//&86$
3±]HU&RUSRUDWLRQ+RQJNRQJ/WG
=RHWLV,QGLD/LPLWHG
Purchase of stock in trade
3±]HU([SRUW&RPSDQ\,UHODQG
3±]HU*OREDO7UDGLQJ,UHODQG
3±]HU6LQJDSRUH7UDGLQJ3WH/LPLWHG%HOJLXP%UDQFK
Purchase of Raw/ Bulk materials
3±]HU([SRUW&RPSDQ\,UHODQG
Royalty expense
3±]HU,QF86$
Expenses reimbursed
3±]HU3ULYDWH/LPLWHG6LQJDSRUH
3±]HU$VLD0DQXIDFWXULQJ3WH/WG
3±]HU,QF86$
3±]HU3KDUPDFHXWLFDOV.RUHD/LPLWHG
:\HWK/LPLWHG,QGLD
3±]HU3URGXFWV,QGLD3ULYDWH/LPLWHG,QGLD
Service Charges
:\HWK/LPLWHG,QGLD
Dividend Paid
3±]HU&RUSRUDWLRQ3DQDPD
3±]HU,QYHVWPHQW1HWKHUODQGV%9
Rental income
=RHWLV3KDUPDFHXWLFDO5HVHDUFK3ULYDWH/LPLWHG
Remuneration to Key Management Personnel
$LMD]7REDFFRZDOOD
66ULGKDU
9LYHN'KDULZDO
Year ended
31 March 2015
<HDUHQGHG
0DUFK
-
-
445.56
1,480.06
630.33
-
102.16
611.83
175.50
135.52
-
24,316.29
242.15
3,679.26
6,684.00
36.59
223.63
166.55
293.61
113.77
11.91
-
-
-
633.48
187.94
148.91
3±]HU/LPLWHG | ANNUAL REPORT 2014-15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
m)
n)
o)
Outstanding as at the year end due from
:\HWK/LPLWHG,QGLD
3±]HU/LPLWHG8QLWHG.LQJGRP
3±]HU,QF86$
3±]HU,QWHUQDWLRQDO//&
3±]HU'HYHORSPHQW/3
3±]HU3URGXFWV,QGLD3ULYDWH/LPLWHG,QGLD
Outstanding as at the year end due to
3±]HU([SRUW&RPSDQ\,UHODQG
:\HWK/LPLWHG,QGLD
3±]HU6LQJDSRUH7UDGLQJ3WH/LPLWHG6LQJDSRUH
CSA Commission
3±]HU$QLPDO3KDUPD3ULYDWH/LPLWHG
Year ended
31 March 2015
<HDUHQGHG
0DUFK
288.92
316.62
328.88
636.35
594.39
18,013.35
1,784.20
-
Year ended
31 March 2015
<HDUHQGHG
0DUFK
5,316.91
1,050.97
182.50
639.14
2,754.00
9,180.00
-
Year ended
31 March 2015
<HDUHQGHG
0DUFK
6,981.93
15,636.68
10,033.94
39 Details of leasing arrangements
As Lessor
7KH &RPSDQ\ KDV OHW RXW VRPH RI LWV RZQHG SURSHUW\ GXULQJ WKH \HDU RQ
RSHUDWLQJOHDVH7KHOHDVHWHUPVDUHLQWKHUDQJHRI\HDUV7KHLQIRUPDWLRQ
LQUHVSHFWRIWKHVDPHLVDVIROORZV
*URVVERRNYDOXH5HIHUQRWH
$FFXPXODWHG'HSUHFLDWLRQ5HIHUQRWH
'HSUHFLDWLRQIRUWKHOHDVHSHULRG
5HQWDOLQFRPH
/HDVH ,QFRPH UHFRJQLVHG LQ WKH VWDWHPHQW RI SUR±W DQG ORVV IRU WKH \HDU LQ
UHVSHFWRIVXEOHWSURSHUW\LV`ODNKV0DUFK`ODNKV
As Lessee
7KH&RPSDQ\KDVWDNHQYDULRXVUHVLGHQWLDOJRGRZQVRI±FHSUHPLVHVLQFOXGLQJ
IXUQLWXUHDQG±WWLQJVWKHUHLQDVDSSOLFDEOHXQGHURSHUDWLQJOHDVHRUOHDYHDQG
OLFHQFH DJUHHPHQWV 7KHVH DUH JHQHUDOO\ FDQFHOODEOH DQG UDQJH EHWZHHQ PRQWKV DQG \HDUV XQGHU OHDYH DQG OLFHQFH RU ORQJHU IRU RWKHU OHDVHV DQG LQ
FHUWDLQFDVHVDUHUHQHZDEOHE\PXWXDOFRQVHQWRQPXWXDOO\DJUHHDEOHWHUPV7KH
&RPSDQ\KDVJLYHQUHIXQGDEOHLQWHUHVWIUHHVHFXULW\GHSRVLWVLQDFFRUGDQFHZLWK
WKHDJUHHGWHUPV
)XWXUHPLQLPXPOHDVHSD\PHQWV
QRWODWHUWKDQRQH\HDU
ODWHUWKDQRQH\HDUDQGQRWODWHUWKDQ±YH\HDUV
ODWHUWKDQ±YH\HDUV
/HDVHSD\PHQWVDUHUHFRJQLVHGLQWKHVWDWHPHQWRISUR±WDQGORVVXQGHU5HQW
40 Earnings per share (Basic and diluted)
1HWSUR±WIRUWKH\HDU
D 3UR±WIRUWKH\HDU
E 3UR±WIRUWKH\HDUEHIRUHWKHLPSDFWRI6FKHPHRI$PDOJDPDWLRQ
L EHIRUHH[FHSWLRQDOLWHPVQHWRIWD[
LL DIWHUH[FHSWLRQDOLWHPVQHWRIWD[
93
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
&XUUHQF\` LQODNKV
:HLJKWHGDYHUDJHQXPEHURIHTXLW\VKDUHVIRUFDOFXODWLQJEDVLFDQGGLOXWHG(36
3DUYDOXHSHUVKDUH
(DUQLQJVSHUVKDUH%DVLFDQGGLOXWHG
D &RPSXWHGRQWKHEDVLVRISUR±WIRUWKH\HDU
E &RPSXWHGRQWKHEDVLVRISUR±WIRUWKH\HDUEHIRUHWKHLPSDFWRI6FKHPH
RI$PDOJDPDWLRQ
L EHIRUHH[FHSWLRQDOLWHPVQHWRIWD[
LL DIWHUH[FHSWLRQDOLWHPVQHWRIWD[
Year ended
31 March 2015
45,747,732
`10
<HDUHQGHG
0DUFK
`
15.26
34.18
21.93
41 Employee stock option scheme
7KHHPSOR\HHVRIWKH&RPSDQ\KDYHEHHQLVVXHG0DUFK6KDUH2SWLRQVDQG0DUFK
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PFIZER LIMITED
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1.
:
2.
No. of Shares held
:
3.
Registered Folio No. / DP ID &
Client ID No.
:
E-mail ID for receipt
of documents in
electronic mode
:
Name(s) of Shareholder(s)
(including joint holders, if any)
4.
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(Signature of First holder)
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(Name of First holder)
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PFIZER LIMITED
CIN: L24231MH1950PLC008311
Registered Office: Pfizer Limited, Pfizer Centre, Patel Estate, Off S.V. Road, Jogeshwari (West), Mumbai – 400 102
Tel: 91 22 6693 2000 Fax: 91 22 2678 4569 Website: www.pfizerindia.com E-mail ID: contactus.india@pfizer.com
64TH ANNUAL GENERAL MEETING
ATTENDANCE SLIP
NAME AND ADDRESS OF THE MEMBER:
PLEASE COMPLETE THE SLIP AND
HAND IT OVER AT THE ENTRANCE OF
THE MEETING HALL
FOLIO NO. / CLIENT ID / DP ID:
I hereby record my presence at the 64th Annual General Meeting of the Members of Pfizer Limited which will be held at Yashwantrao
Chavan Pratishthan Auditorium, General Jagannath Bhosale Marg, Next to Sachivalaya Gymkhana, Mumbai – 400 021, on Monday,
13th July, 2015 at 3.00 p.m.
Name of the Shareholder
*Strike out whichever is not applicable.
Signature of the Shareholder/Proxy*
ELECTRONIC VOTING PARTICULARS
EVEN (E-voting Event Number)
User ID
Password
Please read the instructions given at Note No. 13 of the Notice of the Annual General Meeting carefully before voting electronically.
"
"
PFIZER LIMITED
CIN: L24231MH1950PLC008311
Registered Office: Pfizer Limited, Pfizer Centre, Patel Estate, Off S.V. Road, Jogeshwari (West), Mumbai – 400 102
Tel: 91 22 6693 2000 Fax: 91 22 2678 4569 Website: www.pfizerindia.com E-mail ID: contactus.india@pfizer.com
PROXY FORM - MGT - 11
Name and Address of the Member:
[Pursuant to Section 105(6) of the Companies Act, 2013
and Rule 19(3) of the Companies (Management and
Administration) Rules, 2014]
Folio No. / Client ID / DP ID:_________________________________________ E-mail ID:_______________________________________
I / We, being the member(s) holding .......................... shares of Pfizer Limited hereby appoint
1. Name
Address
2. Name
Address
3. Name
Address
E-mail ID
E-mail ID
E-mail ID
Signature
Signature
Signature
.............................................., or failing him / her .............................................., or failing him / her ..............................................
as my / our Proxy to attend and vote (on a poll) for me / us and on my / our behalf at the 64th Annual General Meeting of the Company
to be held on Monday, 13th July, 2015 at 3.00 p.m. at Yashwantrao Chavan Pratishthan Auditorium, General Jagannath Bhosale Marg,
next to Sachivalaya Gymkhana, Mumbai – 400 021 and at any adjournment(s) thereof in respect of such resolutions, as are indicated overleaf.
Signed this _________________________ day of __________________________ 2015.
Please affix
Revenue
Signature of the Shareholder: _____________________________Signature of the Proxy holder(s): ______________________ Stamp
Note : This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company,
not less than 48 hours before commencement of the Meeting.
Please see overleaf "
"
Sr.
No
Resolutions
Ordinary Resolutions
1.
To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2015 together
with the Reports of the Board of Directors and Auditors thereon.
2.
To declare a dividend for the financial year ended 31st March, 2015.
3.
To appoint a Director in place of Mr. S. Sridhar who retires by rotation and being eligible offers himself for re-appointment.
4.
To ratify the appointment of Messrs. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the Company for the
financial year ending 31st March, 2016.
5.
To consider and appoint Mr. Sunil Lalbhai as an Independent Director of the Company, for a term of 5 years effective
14th February, 2015.
6.
To consider and appoint Dr. Lakshmi Nadkarni as Director of the Company, liable to retire by rotation.
7.
To consider and appoint Dr. Lakshmi Nadkarni as a Whole-time Director of the Company, for a term of 5 years effective
14th February, 2015.
8.
To consider and ratify the remuneration payable to Messrs. RA & Co., Cost Accountants for the financial year ending
31st March, 2016.
Special Resolution
9.
To approve and adopt the revised Articles of Association of the Company.