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efveJJeU jesKelee / (ÒeJele&veeletve) (38,37,337) (2,56,812)

ye) iegbleJeCetkeÀerletve efvecee&Ce jesKeleeJ³eepe GlHevve 32,85,933 36,93,393

iegbleJeCetkeÀerletve efvecee&Ce jesKelee 32,85,933 36,93,393

keÀ) efJeÊeer³e ÒeJele&veeletve efvecee&Ce jesKeleeJ³eepe / efJeÊeer³e DeekeÀej (22,904) (23,109)

efJeÊeer³e ÒeJele&veeletve efveJJeU jesKelee (22,904) (23,109)

efveJJeU jesKelee efkebÀJee l³ee mece 71,00,366 34,13,472DeejbYeer®eer jesKelee Je l³ee mece 4,29,93,526 3,95,80,054

Debeflece jesKelee efkebÀJee l³ee mece 5,00,93,892 4,29,93,526


efo. 31 cee®e& 2017 jespeerleHeµeer}

`

efo. 31 cee®e& 2018 jespeer`










9



31.3.2018 meeþer efJeefJeOe He$ekeÀe®ee Yeeie Demeuesu³ee efìHeC³ee

Devegmet®eer 1 : efJeMes<e cenlJee®eer uesKee efveleer / OeesjCe

De) uesKes þsJeC³ee®eer DeeefCe efJeÊeer³e He$ekesÀ le³eej keÀjC³ee®eer He×leer

meveoer uesKeeHeeueeb®³ee mebmLesves efveie&efcele kesÀuesu³ee uesKeeefveleer, OeesjCes uesKeeÒeceeCekesÀ lemes®e meJe& meeOeejCeHeCes efmJekeÀejuesu³ee uesKeelelJeevegmeej

efJeÊeer³e He$ekesÀ le³eej keÀ©ve SsefleneefmekeÀ efkebÀceleer vegmeej GHeeefpe&le lelJeeJej le³eej kesÀues Deensle.

kebÀHeveer DeefOeefve³ece 2013 ceOeerue Devegmet®eer leerve vegmeej kebÀHeveer®³ee meJe& ceÊee Je oeef³elJes ³eeb®es JeieeakeÀjCe ®eeuet Demeuesues efkebÀJee ®eeuet vemeuesues DeMee

He×leerves l³eele vecego kesÀu³eeÒeceeCes JeieeakeÀjCe kesÀuesues Deens. HeoeLee&®³ee iegCeOecee&vegmeej DeeefCe ceÊee Iesleu³eeHeemetve les HeoeLe& efvecee&Ce keÀjC³eeHe³e¥le Je

veblej l³eeletve jesKe jkeÌkeÀce efceUsHe³e¥le®³ee keÀeueeJeOeer®es ÒeJele&veer³e efve<keÀ<ee&®eer / ®e¬eÀeb®eer ceeefnleer Iesleueer Demetve ®eeuet vemeuesu³ee ceÊeeb®³ee 12

ceefnv³eeHe³e¥le®³ee JeieeakeÀjCeemeeþer les JeeHejues Deens.

ye) Deboepee®ee JeeHej :efJeefÊe³e He$ekesÀ le³eej keÀjC³ee®eer He×le ner meJe&meeOeejCeHeCes Òe®eueerle uesKee ÒeceeCekeÀeÒeceeCes Demetve l³eemeeþer Deboepe Je DeekeÀ[s cees[er®eer iejpe Demeles

p³ee®ee HeefjCeece leeUsyeboe®³ee efoJeMeer uesK³eele oMe&efJeC³eele Deeuesu³ee ceÊee Je oeef³elJes lemes®e cenmetueele oeKeefJeuesues Ke®e& Je GlHevve l³eeJej l³ee

keÀeueeJeOeermeeþer neslees. efve<keÀ<e& Je Deboepe ³eeceO³es He[Ceeje HeÀjkeÀ ne p³eeJe<ee&le uesKes le³eej nesleele l³ee®e Je<ee&le ie=nerle OejC³eele ³eslees.

keÀ) efmLejceÊee :

DeveekeÀueveer³e ceÊee Kejsoer®³ee efkebÀceleerceOetve mebef®ele Iemeeje DeeefCe ceÊeeb®es vegkeÀmeeve (keÀener Demeu³eeme) Jepee kesÀu³eeveblej oeKeefJeu³ee Deensle.

³eele Kejsoer keÀjleevee Peeuesu³ee Deveg<ebieerkeÀ Ke®ee&®ee meceeJesMe Deens. l³eecegUs þjefJeuesu³ee GHe³eesieemeeþer ceÊee ³eesi³e efmLeleerle DeeCeueer iesueer.

Yeeb[Jeueer Devegoeveeletve kesÀuesu³ee ceÊee :

efmLejceÊeebmeeþer efceUeuesues Devegoeve ns efmLej ceÊeeb®³ee efkebÀceleerletve keÀceer keÀjC³eele Deeues Demetve Yeeb[Jeueer Devegoeveeletve efvecee&Ce kesÀuesuee ieì

uesK³eele mJeleb$e oeKeefJeuee Deens. GHe³eesieele ve DeeCeuesues Devegoeve ``jeKeerJe efveOeer'' ³ee efMe<ee&Keeueer mJeleb$eHeCes oMe&efJeues Deens.

[) Iemeeje Je Deceesìe&³ePesMeve :

ceÊeebJej kebÀHeveer DeefOeefve³ece 2013 ®³eeDevegmet®eer oesve ceO³es efveoxefMele kesÀuesu³ee JeeHej³eesi³e keÀeueeJeOeerJej Iemeeje mejU js<eer³e He×leerves DeekeÀejuee

Deens. ceÊeeb®³ee Kejsoer 01-04-14 HegJeea®eer Deens Demes ie=nerle Oe©ve lees Heefnuee efoJeme ceeveuesuee Deens. ueerpeJej Iesleuesu³ee peefceveerJej kebÀHeveer peer

peceerve mJele: JeeHejles leer ueerpe®³ee keÀeueeJeOeerceO³es efveuexefKele keÀjC³eele ³esle Deens.

kebÀHeveerves keÀesCel³eener ceeueceÊes®³ee ye®eeJeelcekeÀ efkebÀceleermeeþer IemeeN³ee®eer lejlego kesÀuesueer veener. keÀejCe p³eeJesUer ceeueceÊes®ee JeeHej³eesi³e keÀeueeJeOeer

mebHeg<ìele ³eslees l³eeJesUer l³ee ceÊes®es efveuexKeve keÀjC³ee®es kebÀHeveer®es OeesjCe Deens.

F&) GlHevvee®eer DeesUKe :

cenmetueer GlHevve ceeue nmleeblej kesÀu³eeJej lemes®e ceeuee®eer ceeuekeÀer / mJeeceerlJe Kejsoeroejeuee efou³eeveblej®e DeesUKeues peeles. l³eecegUs ³ee

efþkeÀeCeer Hewmes efceUC³eemebyebOeer kegÀþueerner Deefveef½elelee veener. J³eepee®es GlHevve JesUsvegmeej DeesUKeues peeles. je@³euìer GHeeefpe&le lelJeeJej DeesUKeueer

peeles.

10


HeÀ) ÒeeflemeceYeeie GlHevve :

Je<e&Yejeleerue mejemejer meceYeeieeJejerue ueeYeebMe ne veHeÀe / (leesìe) ³eeuee keÀjJepee peelee DenJeeue Je<ee&le DeoÊe DemeCeeN³ee meceYeeieeb®³ee mebK³esves

YeeieekeÀej keÀ©ve Je<ee&le keÀe{uee peelees. DenJeeue Je<ee&le DeoÊe DemeCeeN³ee meceYeeiee®eer mejemejer mebK³ee ner meJe&meeOeejCeHeCes p³ee Je<ee&le meeoj

kesÀueer peeles l³eeJesUer l³ee yeeyeeR®es mecee³eespeve kesÀues peeles, p³eeÒeceeCes yeesveme Yeeie ÒeYeeJeer meceYeeiee®es ©Heeblej JeieUlee DeoÊe meceYeeiee®³ee mebK³esle

yeoue kesÀuee peelees. meceYeeieeJejerue efJejnerle GlHevvee®eer DeekeÀ[scees[ keÀjleevee DenJeeue Je<ee&le Peeuesuee veHeÀe efkebÀJee leesìe DeeefCe DenJeeue Je<ee&le

DeoÊe DemeCeejer meceYeeieeb®eer mebK³ee ³eeb®es meJe& efJejnerle meceYeeieeb®³ee keÀejCeekeÀefjlee mecee³eespeve kesÀues peeles.

pe) keÀjeb®es uesKeebkeÀve :

Je<e&Yeje®ee veHeÀe efkebÀJee leesìe keÀe{leebvee ³ee Je<ee&®ee keÀjKe®e& p³eele ®eeuet keÀj lemes®e efJeuebyeerle keÀje®ee meceeJesMe kesÀuesuee Deens. ®eeuet keÀje®eer ceespeCeer

ner mebyebefOele ÒeeefOekeÀjCeeuee efkeÀleer keÀj YejCee keÀjeJe³ee®ee Deens ns l³ee l³ee efJekeÀmeerle keÀe³e&#es$eele ueeiet Demeuesu³ee efve³eceeÒeceeCes kesÀuesueer Deens.

efJeuebyeerle keÀj ne keÀeUeveg©He Oejuee peelees keÀejCe efJeuebyeerle keÀj ceÊeebvee ie=nerle OejeJes ueeieles. YeefJe<³eele efJeuebyeerle keÀj ceÊeeletve efveOeer GHeueyOe

nesT MekesÀue DeeefCe Hegjsmes keÀj oeef³elJeeFlekesÀ GHevve nesT MekesÀue. FlekeÌ³ee®e ceÊee DeesUKeu³ee peeT MekeÀleele. keÀj keÀe³eoe Je keÀje®es oj

³eevegmeej®e efJeuebyeerle ceÊee Je oeef³elJes ³ee®eer ieCevee kesÀueer peeles. Òel³eskeÀ leeUsyeboe®³ee efoJeMeer ve DeesUKeu³ee iesuesu³ee efJeuebyeerle ceÊeeb®eer (keÀener

Demeu³eeme) HeefjieCevee kebÀHeveer keÀjerle Demeles.

®eeuet keÀjceÊee Je ®eeuet keÀj oeef³elJes ³eeb®eer SkeÀceskeÀebMeer meebie[ IeeueC³eemeeþer pesJne keÀe³eosMeerj nkeÌkeÀ pesJne ceÊee Je oeef³elJee®eer efveJJeU leÊJeebJej

meebie[ IeeueC³ee®es GÎsMe DemeCes ner®e HeefjefmLeleer efJeuebyeerle keÀjceÊee efJeuebyeerle keÀjoeef³elJes ³eeb®ee mebyebOe keÀj oeef³elJeebMeer Demet MekeÀlees. p³eeJesUer

keÀe³eosMeerj nkeÌkeÀ efceUtve l³eeb®eer SkeÀceskeÀebMeer meebie[ Ieeleueer peeT MekeÀles.

ce@HeÀkeÀes ce³ee&efole 31 cee®e& 2018 jespeer®³ee efJeÊeer³e He$ekeÀe®ee

Yeeie Demeuesu³ee Devegmet®³ee

®eeuet Je<ee&®³ee DeekeÀ[sJeejer®eer ceeieerue Je<ee&®³ee DeekeÀ[sJeejerMeer leguevee keÀjlee ³eeJeer cnCetve ³eesi³e l³ee efþkeÀeCeer l³ee®es JeieeakeÀjCe / Hegvej&®evee kesÀueer Deens.

efìHe ¬eÀ. 2 - Yeeie Yeeb[Jeue

DeefOeke=Àle Yeeb[Jeue :Òel³eskeÀer ©. 100/- ®es 6,00,000 meceYeeie

(ceeieerue Je<e& 31 cee®e& 2017 jespeer 6,00,000 Yeeie Òel³eskeÀer ©. 100/-) 6,00,00,000 6,00,00,000

efJe¬eÀerme keÀe{uesues Je DeefYeoÊe Je YejCee PeeuesuesHetCe& YejCee kesÀuesues Òel³eskeÀer ©He³es 100/- ®es 503573

meceYeeie (ceeieerue Je<e& 31 cee®e& 2017 jespeer 503573/- Yeeie Òel³eskeÀer ©. 100) 5,03,57,300 5,03,57,300

HetCe& YejCee Peeuesues)

SketÀCe 5,03,57,300 5,03,57,300

efo. 31 cee®e& 2017 He³e¥le`

leHeµeer} efo. 31 cee®e& 2018 He³e¥le`

11


Je<ee&®³ee DeejbYeer®es meceYeeie

DeefOekeÀ - Je<e&Yejele efouesues meceYeeie 503,573 503573

Je<e&DeKesj Demeuesues meceYeeie 503,573 503,573

SketÀCe 503,573 503,573



(De) Je<ee&®³ee meg©Jeeleerme Je Je<ee&®³ee MesJeìer DeefYeoÊe Demeuesu³ee meceYeeieeb®ee leeUcesU

cenejeä^ Meemeve 5,03,573 5,03,573

YeeieOeejCes®eer ìkeÌkesÀJeejer (%) 100% 100%


YeeieOeejkeÀe®es veeJe efo. 31 cee®e& 2018 He³e¥le`

(ye) YeeieOeejkeÀeb®ee leHeMeerue

efìHe ¬eÀ. 3 - jeKeerJe efveOeer Je efMeuuekeÀ jkeÀcee

veHeÀe / (leesìe) He$ekeÀeleerue efMeuuekeÀ

DeejbYeer®eer efMeuuekeÀ 55,60,199 2,34,73,633

DeefOekeÀ : Je<e&Yejeleerue veHeÀe (19,74,825) (1,79,13,434)

DeefOekeÀ : ceeieerue Je<ee&meeþer ce@ì pecee � �

Jepee : YeeieOeejkeÀebvee osC³eemeeþer ÒemleeefJele ueeYeebMe � �

Jepee : ueeYeebMeeJejerue keÀj � �

Je<e&DeKesj efMeuuekeÀ 35,85,374 55,60,199

SketÀCe 35,85,374 55,60,199



Jejerue pecee jkeÀcesle ©. 1,44,84,794/- SJe{îee ce@ì jkeÀces®ee meceeJesMe Demetve ÒemLeeefHele Dee³ekeÀj keÀe³eoe 1961 ®³ee lejlegoervegmeej les DeJeuebyetve

Deens. lemes®e ce@ìmeeþer kesÀuesueer lejleto ner Dee³ekeÀj keÀe³eoe 1961 ÒeceeCes keÀj³eesi³e veHeÌ³eeHes#ee peemle Deens. JesieUîee HeefjefmLeleerle ne ce@ì keÀj GHeueyOe

DemeCeej veener DeeefCe Jejerue efMeuuekeÀ Keel³eeuee veebJes ìekeÀueer peeF&ue.

(jkeÌkeÀce ©He³eele)



12

efìHe ¬eÀ. 4 - efJeuebyeerle keÀjoeef³elJe / ceÊee

efvecee&Ce Peeuesues efJeuebyeerle keÀj oeef³elJe :efmLej ceÊes®³ee HegmlekeÀer efMeuuekeÀ Je keÀj efMeuuekesÀleerue HeÀjkeÀ 33,910 3,98,339

efvecee&Ce Peeuesu³ee efJeuebyeerle keÀjceÊee :efmLej ceÊes®³ee HegmlekeÀer efMeuuekeÀ Je keÀj efMeuuekesÀleerue HeÀjkeÀ � �

efveJJeU keÀj oeef³elJe / (ceÊee) 33,910 3,98,339



efìHe ¬eÀ. 5 - Flej oerIe& cegoleer®es oeef³elJe

Deveecele þsJeer 21,55,280 22,85,280

DeeieeT efceUeuesues GlHevve 70,51,775 71,26,922

Flej 31,15,178 31,32,729

SketÀCe 1,23,22,233 1,25,44,931




efìHe ¬eÀ. 6 - J³eeHeejer osCeer

SceSmeSceF& ³eebvee os³e � �

Flej 71,566 1,00,326

SketÀCe 71,566 1,00,326



efìHe ¬eÀ. 7 - DeuHe cegoleermeeþer®³ee lejlegoer

Dee³ekeÀjemeeþer lejlego (DeeieeT YejCee Jepee peelee) � �

ueeYeebMeemeeþer lejlego � �

ueeYeebMeeJejerue keÀjemeeþer lejlego � �

SketÀCe � �







13

efìHe ¬eÀ. 8 - Flej ®eeuet oeef³elJes

Flej osCeer

JewOeeefvekeÀ osCeer

ìer[erSme yeÎue®eer osCeer � 5,100

SketÀCe � 5,100





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efìHe ¬eÀ. 11 - J³eeHeejer Jemegueer³eesi³e jkeÀcee

mene ceefnv³eeHes#ee peemle keÀeU DeoÊe jeefnuesu³ee Jemegueer ³eesi³e jkeÀcee

Demegjef#ele ³eesi³e mecepeC³eele Deeuesues � 76,07,200

Demegjef#ele mebMe³eemHeo mecepeC³eele Deeuesues 3,23,754 3,23,754

Jepee - MebkeÀemHeo $eÝCeemeeþer lejlego (3,23,754) (3,23,754)

� 76,07,200

Flej � 64,000

SketÀCe � 76,71,200



efìHe ¬eÀ. 10 - oerIe& cegoleer®es keÀpe& Je DeeieeT jkeÀcee

DeÒeefleYetle Hejblet ³eesi³e mecepeC³eele Deeuesues

Deveecele jkeÌkeÀce 1,92,488 1,92,488

DeeieeT Dee³ekeÀj (DeeieeT YejCee Jepee peelee) 14,42,218 16,44,288

ce@ì pecee 1,44,84,794 1,44,84,794

SketÀCe 1,61,19,700 1,63,21,570



efìHe ¬eÀ. 12 - jesKe DeeefCe yeBkesÀleerue efMeuuekeÀ

neleeleerue jeskeÀ[ (J³eJemLeeHeveeves ÒeceeefCele kesÀu³eeÒeceeCes) 6,131 15,147

yeBkesÀleerue ®eeuet Keel³eeceOeerue efMeuuekeÀ 3,37,761 4,78,379

SketÀCe (De) 3,43,892 4,93,526

yeBkeÀ Keel³eeceOeerue Flej efMeuuekeÀ

yeBkesÀleerue þsJeer 4,97,50,000 4,25,00,000

SketÀCe (ye) 4,97,50,000 4,25,00,000

SketÀCe (De + ye) 5,00,93,892 4,29,93,526






16


efìHe ¬eÀ. 13 - DeuHe cegoleer®eer keÀpex DeeefCe DeeieeT jkeÌkeÀce

DeÒeefleYetle ³eesi³e mecepeC³eele Deeuesues

HetJe&oÊe Ke®e& � �

SketÀCe � �



efìHe ¬eÀ. 14 - Flej ®eeuet ceÊee

Ke®ee&keÀefjlee DeeieeJet jkeÌkeÀce � 15,000

þsJeerJejerue GHeeefpe&le J³eepe 26,368 6,70,677

SketÀCe 26,368 6,85,677



efìHe ¬eÀ. 15 - Flej GlHevve

J³eepe GlHevve

cegoleyebo þsJeer 32,59,124 28,68,816

Dee³ekeÀj HejleeJ³eeJejerue J³eepe 26,809 1,79,693

Flej � 6,44,884

Yee[s GlHevve 1,74,686 2,27,869

mJeeefcelJee®es GlHevve � 20,95,516

efkeÀjkeÀesU GlHevve 14,057 704

efoIe&keÀeueerve os³³e Demeuesu³ee oeef³elJee®es Òel³eeHe&Ce � 13,88,312

SketÀCe 34,74,676 74,05,794



efìHe ¬eÀ. 16 - efJeÊeer³e Ke®e&

J³eepe Ke®e& 22,000 22,000

yeBkeÀ DeekeÀej 904 1,109

SketÀCe 22,904 23,109








17

efìHe ¬eÀ. 17 - Flej Ke®e&

uesKeebkeÀve ÒeMeemekeÀer³e Ke®e& 18,58,080 22,42,775

ceepeer keÀce&®eeN³eebvee YejHeeF& 16,00,000 �

Jeerpe Je FbOeve 69,507 56,768

Yee[s leLee Heesì Yee[s Ke®e& � 18,274

Flej og©mleer Je osKeYeeue � 26,371

efJecee Ke®e& 5,914 6,104

oj Je keÀj 4,02,681 3,99,756

HegmlekesÀ Je efve³elekeÀeefuekesÀ 1,425 1,474

ogjOJeveer 20,096 31,579

ÒeJeeme Je Jeenve Ke®e& 44,633 44,242

ìHeeue DeeefCe leej 1,714 377

íHeeF& Je uesKeve meeefnl³e 51,138 9,811

yeg[erle keÀpex � 2,16,28,953

mesJee keÀj � 3,18,449

keÀj efveOee&jCeeJejerue J³eepe Je efJeuebefyele MegukeÀ 17,791 �

ceÊee efJe¬eÀerJejerue leesìe 11,56,249 �

keÀe³eoe Je J³eeJemeeef³ekeÀ Ke®e& 4,51,894 3,65,142

uesKeeHeefj#ekeÀebmeeþer HeÀer

uesKeeHeefj#eCe HeÀer 48,960 36,000

Ke®ee&®ee HegveYej&Cee � �

efkeÀjkeÀesU Ke®e& 58,494 61,113

SketÀCe 57,88,576 2,52,47,188



efìHe ¬eÀ. 18 - Òel³eskeÀ meceYeeieeJej efceUeuesues GlHevve

YeeieOeejkeÀebvee JeeìHe³eesi³e veHeÀe / (leesìe) (19,74,825) (1,79,13,434)

mejemejer meceYeeieeb®eer mebK³ee 5,03,573 5,03,573

Òel³eskeÀ meceYeeieeJejerue cegU GlHevve (3,92) (35.57)

Òel³eskeÀ meceYeeiee®eer cegU efkebÀcele 100 100






18

efìHe ¬eÀ. 19 - lejleto ve kesÀuesueer DeekeÀefmcekeÀ oeef³elJes (Jeeoeleerle ceeieC³ee / oeJes ³eeJejerue oeef³elJe Demeu³eeme les JeieUtve)

keÀe³eosMeerj yeepet DeeefCe keÀeUpeerHetJe&keÀ kesÀuesues cegu³eebkeÀve ³ee yeeyeeR®eer Hetle&lee kesÀu³eeveblej®e DeekeÀefmcekeÀ oeef³elJes GIe[ kesÀueer

Deensle.

De) kebÀHeveer efJe©× kesÀuesues Hejbleg ve efmJekeÀejuesues oeJes 6,60,97,850 7,52,06,396

ye) DeefHeueele Demeuesueer DeyekeÀejer keÀje®eer ceeieCeer 25,23,942 25,23,942





efo. 31 cee®e& 2018 jespeer mebHeCeeN³ee Je<ee&keÀefjlee efJeefÊe³e He$ekeÀeJejerue ìerHee

ìerHe - 21 : Flej ìerHee

1) kebÀHeveer®³ee ceeueceÊee :ce@HeÀkeÀes ce³ee&efole®³ee ceÊeeb®es De@mesì mìerHeeRie cesLe[ DevJe³es efveieg¥leJeCegkeÀerkeÀjCeemeeþer cenejeä Meemeveeves ceeveveer³e cegK³e meef®eJe ³eeb®³ee DeO³e#elesKeeueer

G®®eeefOekeÀej meefceleer vesceueer Deens. ³ee keÀeceemeeþer ces. efmekeÀe@ce ³eeb®eer ``vees[ue Spevmeer'' cnCetve efve³egkeÌleer kesÀueer Deens.

efo. 31 ces 2013 jespeer Peeuesu³ee G®®eeefOekeÀej meefceleer®³ee yewþkeÀerle Demes þjues keÀer Yee[sHeìîee®eer legYex ³esLeerue peceerve cegU ceeuekeÀeuee -

efme[keÀesuee Hejle keÀjeJeer Je l³eeyeou³eele efme[keÀesves ce@HeÀkeÀesuee js[er jskeÀvej Jej DeeOeejerle Hele efkebÀcele peer ces. efmekeÀe@ceves efveef½ele kesÀuesueer Demesue leer

ÐeeJeer.

³ee ojc³eeve ³ee peefceveer®ee leeyee l³eeJejerue Fceejleermen meve 2015-16 ceO³es (HesÀye´g. 2016) Deefle¬eÀceCeeHeemetve megj#ee Je ye®eeJeemeeþer ces

efme[keÀes ³eeb®eskeÀ[s efouee Deens.

leLeeHeer legYex, veJeer cegbyeF& ³esLes Yee[s HeÆerJej Demeuesu³ee peeiesyeeyele efo. 1 peguew 2017 jespeer Peeuesu³ee G®®eeefOekeÀej meefceleer®³ee yewþkeÀerle þjefJeu³eevegmeej

keÀesCelesner cegu³e ve DeekeÀejlee cegU ceeuekeÀ efme[keÀes ³eebvee meoj peeiee Hejle keÀjC³eeble ³eeJeer. ce@HeÀkeÀes®es Yee[sHeÆeroej ns veblej efme[keÀes ³ee cegU

ceeuekeÀe®es Yee[sHeÆeroej nesleerue.

G®®eeefOekeÀej meefceleer®³ee meoj yewþkeÀerle Demes þjefJeC³eele Deeues Deens keÀer ce@HeÀkeÀes ce³ee&efole efle®eer keÀe@HeÀ[& ceekexÀì ³esLes Demeuesueer ÒeMeemekeÀer³e peeiee

pes. pes. mkegÀue Dee@HeÀ Deeì&uee keÀesCel³eener cegu³eeefMeJee³e nmleeblejerle keÀjerue. leLeeHeer ce@HeÀkeÀes ce³ee&efole pees He³e¥le efoJeeUKeesjerle efveIele veener leesHe³e¥le

l³ee®es ÒeMeemekeÀer³e keÀe³e& meoj Fceejleerle ®eeueefJeC³eele ³eeJes.

efo. 5 SefÒeue 2018 jespeer efme[keÀeskeÀ[tve Yee[sHeÆerJej Iesleuesueer letYex ³esLeerue peeiee Hejle keÀjC³eebyeeyele®es keÀjejHe$e keÀjC³eeble Deeues DeeefCe l³ee®ee

uesKeebkeÀve HeefjJ³e³e efo. 31 cee®e& 2018 jespeer mebHeCeeN³ee Je<ee&®³ee efJeefÊe³e efJeJejCeHe$eele osC³eeble Deeuee Deens.

³eeefMeJee³e efo. 28 cee®e& 2018 jespeer ¬eÀe@HeÀ[& ceekexÀì ³esLes Demeuesu³ee peeies®ee leeyee ÒeMeemekeÀer³e Fceejleermen pes.pes. mketÀue Dee@HeÀ Deeì& ³eevee osC³eele

Deeuee Demetve l³eemeeþer uesKeebkeÀve HeefjJ³e³e efJeefÊe³e efJeJejCeHe$eele osC³eeble Deeuee Deens.

2) osCeskeÀN³eebkeÀ[tve ³esCeejer Je OevekeÀeWvee ÐeeJe³ee®eer yeekeÀer (þsJeer, keÀpex Je DeeieeT jkeÀcee Je OevekeÀess) ³ee jkeÀcee leeUe Je efmJekeÀej keÀjC³ee®³ee DeefOeve

jentve oeKeefJeu³ee Deensle.1

3) J³eJemLeeHevee®es mHeäerkeÀjCe :

De) J³eJemLeeHevee®³ee celes :®eeuet ceÊee, keÀpex Je DeeieeT jkeÌkeÀcee ®eeuet keÀeUele ¿ee HegCe&HeCes meJe&meeOeejCe J³eJenejele Jemegueer³eesi³e Deensle. Flej efìHeC³ee Je uesKeeHe×leervegmeej

kebÀHeveerves efmJekeÀeju³eeÒeceeCes IemeeN³ee®eer lejleto DeeefCe ceeefnle Demeuesueer oeef³elJes ³ee ³eesi³eefjleerves oeKeefJeu³ee Deensle DeeefCe ceeHeÀkeÀefjl³ee

DeeJeM³ekeÀ Demeu³eeÒeceeCes pe©jerHes#ee peemle veenerle. Jej GuuesKe kesÀu³eeHes#ee Flej keÀesCeleerner DeekeÀefmcekeÀ oeef³elJes veenerle.


19

ye) kebÀHeveer keÀe³eoe 2013 DevJe³es leeUsyebo Je veHeÀe-leesìe He$ekeÀ Je l³eemeesyele Demeuesues Devegmeg®³ee Je efìHeC³ee DeMee leNnsves osC³eele Deeu³ee Deensle

keÀer l³eecegUs kebÀHeveer®es keÀejYeeje®es Je<e&DeKesjerme DemeCeejs Kejs Je JeemleJe mJe©He efomeles Je ®eebieues HeefjCeece efomeleele.

DenJeeue Je<ee&le efo. 22/11/2016 jespeer Peeuesu³ee G®®eeefOekeÀej meefceleer®³ee yewþkeÀerle Demes þjefJeC³eeble Deeues keÀeR ces. Dejsefye³eve SkeÌmeHeesì&

Òee. efue. ³eeb®³eekeÀ[tve SketÀCe LekeÀerle Demeuesu³ee ©. 316.81 ueeKe jkeÀcesHeesìer l³eeveer efouesuee SkeÀe®eJesUer mecePeesl³ee®ee ©. 85

ueeKee®ee oskeÀej efmJekeÀejC³eele ³eeJee. ces. Dejsefye³eve SkeÌmeHeesì& Òee. efueefceìs[ ³eebveer þsJeuesueer Deveecele jkeÌkeÀce ©. 15.52 ueeKe LeefkeÀle

jkeÀcesMeer mecee³eesefpele keÀjC³eele ³eeJeer DeeefCe ©. 216.29 ueeKe ner meve 2016-17 ceO³es uesKeeHegmlekeÀele efveuexefKele keÀjC³eeble ³eeJeer. ³ee

yewþkeÀerle Demesner þjefJeC³eele Deeues keÀer ³eeHegJeea®³ee Heefj®ísoele GuuesefKeu³eeÒeceeCes ce@HeÀkeÀes ce³ee&efole Je ces. Dejsefye³eve SkeÌmeHeesì& Òee. efue.

³eebveer SkeÀceskeÀebefJe©× kesÀuesues oeJes ceeies IesC³eeble ³eeJesle. SkeÀceskeÀebefJe©×®eer oeJes ceeies IesC³ee®eer mebHetCe& Òeef¬eÀ³ee HetCe& keÀjC³eeble Deeueer Demetve

cegbyeF& G®®e v³ee³eeue³eeves ³eeyeeyele®es DeeosMe efveie&efcele kesÀues Deensle. SkeÀef$ele mecePeeslee jkeÌkeÀce ©. 85 ueeKeeHewkeÀer ©. 10 ueeKe ce@HeÀkeÀes

ce³ee&efoleuee efJeefÊe³e keÀe³e& 2016-17 ceO³es HejmHej ÒeeHle Peeues. GJe&jerle jkeÌkeÀce ©. 75 ueeKe Je l³eeJejerue J³eepe ©. 6.39 ueeKe ces.

Dejsefye³eve SkeÌmeHeesì& Òee. efueefceìs[ ³eeb®³eekeÀ[tve cegbyeF& G®®e v³ee³eeue³eele YejCee keÀjC³eeble Deeueer, peer cegbyeF& G®®e v³ee³eeue³eekeÀ[tve ceens

peguew 2017 ceO³es ÒeeHle Peeueer.

5. ³ee HegJeea®³ee kebÀHeveer DeefOeefve³ece 1956 DeeefCe kebÀHeveer DeefOeefve³ece 2013 ceOeerue lejlegoerÒeceeCes jefpemìêj Dee@HeÀ kebÀHeveerpe ³eeb®eskeÀ[s meve

2005-06 les 2016-17 ³ee ojc³eeve®eer efJeuebyeerle Jeeef<e&keÀ efJeJejCeHe$es Je Flej ceeefnleer oeKeue keÀjC³ee®es keÀece ®eeuet Deens.


20


ces. yeieejer³ee DeB[ kebÀ. SueSueHeer.meveoer uesKeeHeeue

efJeve³e meesceeCeerYeeieeroej

veeW.¬eÀ. 143503


efoveebkeÀ : 11 meHìWyej 2018.




21

Òeefle,

meYeemeo


(cenejeä^ Meemevee®ee GHe¬eÀce)

efJeÊeer³e He$ekeÀeJejerue DenJeeue :

Deecner ce@HeÀkeÀes ce³ee&efole®³ee (cenejeä^ Meemevee®ee GHe¬eÀce) meesyele pees[uesu³ee efJeÊeer³e He$ekeÀeb®es uesKeeHeefj#eCe kesÀues Demetve l³eele 31 cee®e& 2018

jespeer®³ee leeUsyeboe®ee Je veHeÀe leesìe He$ekeÀeb®ee lemes®e jesKeles®³ee efJeJejCeHe$ee®ee meceeJesMe Deens. lemes®e ³eeceO³es uesKeeefveleer Je Flej mHeäerkeÀjCes Fl³eeoer®ee

meceeJesMe Deens.

J³eJemLeeHevee®eer efJeefÊe³e He$ekeÀemebyebOeer peyeeyeoejer :

kebÀHeveer keÀe³eoe 2013®³ee keÀuece 134(5) ceO³es vecego kesÀuesu³ee uesKeeefveleerÒeceeCes Kejs Je jemle mJe©He efomesue DeMeer efJeÊeer³e He$ekesÀ yeveefJeCes.

efJeÊeer³e efmLeleer®es Kejs mJe©He oMe&efJeCes, efJeÊeer³e Òeieleer Je jesKeles®es efJeJejCe F. Yeejleele efmJekeÀejuesu³ee uesKeeefveleerÒeceeCes yeveefJeCes ner kebÀHeveer®eer keÀuece 133

vegmeej peyeeyeoejer Deens. lemes®e keÀuece 133®³ee efve³ece 7 DevJe³es kebÀHeveer®eer (uesKee) efve³ece 2014 DevJe³es uesKes yeveefJeCes ner Debleie&le efve³eb$eCe, l³ee®eer

DebceueyepeeJeCeer Je j®evee lemes®e efJeÊeer³e He$ekesÀ lemes®e l³ee®es Kejs Je jemle mJe©He efomesue Je les {esyeU ®egkeÀe Je DeHeÀjeleHeÀj ³ee Heemetve cegkeÌle Demesue. Demes

le³eej keÀjCes ner kebÀHeveer®³ee meb®eeuekeÀeb®eer peyeeyeoejer Deens.

uesKeeHeefj#ekeÀeb®eer peyeeyeoejer :

³ee efJeefÊe³e He$ekeÀebJej Deece®³ee uesKeeHeefj#eCeevegmeej l³eeJej DeefYeÒee³e osCes SJe{er®e Deece®eer peyeeyeoejer Deens.

keÀe³eÐeeleerue lejlegoervegmeej uesKeebkeÀve DeeefCe uesKeeHeefj#eCeeb®es ÒeceeCekeÀ DeeefCe yeeyeer p³ee keÀe³eÐeeleerue lejlegoervegmeej DeeefCe l³eeKeeueer kesÀuesu³ee

efve³eceevegmeej uesKeeHeefj#eCe DenJeeueele meceeefJeÿ keÀjCes DeeJeM³ekeÀ Deensle, l³ee Deecner efJe®eejele Iesleu³ee Deensle.

uesKeeHeefj#eCe keÀjleebvee keÀuece 143(10) DevJe³es He×leerceO³es HegjeJes IesCes lemes®e veeWouesueer DeekeÀ[sJeejer Je uesK³eele efouesu³ee efìHeC³ee ³ee®eer Kee$eer

keÀjCes ³ee®ee meceeJesMe Demelees. efveJe[uesueer He×le ner uesKeeHeefj#ekeÀeb®³ee Kee$eerJej lemes®e ®egkeÀer®³ee He×leer®eer efJeÊeer³e He$ekesÀ pes {esyeU ®egkeÀe Je DeHeÀjeleHeÀjer

Heemetve cegkeÌle Demeleerue.

yeieeefj³ee DeeefCe kebÀHeveer SueSueHeer.

meveoer uesKeeHeeue

701, mìWveHeÀes[&, pebkeÌMeve Dee@HeÀ Sme. Jner. jes[, DeeefCe yeHeÀeaJeeuee ceeie&, DebOesjer (HeefM®ece), cegbyeF& - 400 058, Yeejle

ce@HeÀkeÀes ce³ee&efole®³ee YeeieOeejkeÀebvee mJeleb$e uesKeeHeefj#ekeÀeb®ee DenJeeue


22

uesKeeHeefj#eCeele vecego kesÀuesueer DeekeÀ[sJeejer mHeäerkeÀjCes ³ee mebyebOeer Òeieleer oMe&efJeCeeN³ee He×leer®ee meceeJesMe Deens. uesKeeHeefj#ekeÀeb®eer efveCe&³e #ecelee

lemes®e ®egkeÀer®³ee He×leerves Je vepej®egkeÀerves vecego Peeuesues Demeu³eeme les peyeeyeoejerves ogj keÀjCes ³ee $egìer otj keÀjleebvee Debleie&le efve³eb$eCe He×leer®ee kebÀHeveerves

uesKes le³eej keÀjleevee Iesleuesueer keÀeUpeer Je uesK³eeb®es Kejs Je jemle mJe©He oMe&efJeC³eemeeþer GHe³eesie keÀjCes lemes®e JemlegefmLeleerme Deveg©He mJe©He efomeles.

uesKeeHeefj#eCee®es GÎsMe HeÀkeÌle Deece®es cele J³ekeÌle keÀjC³eemeeþer vemetve uesK³eeb®es Kejs Je jemle mJe©He efomeeJes ne Deens. ³eesi³e leer uesKeeOeesjCes Je efveleer ³eeb®ee

ceeHeÀkeÀ GHe³eesie keÀ©ve kebÀHeveer®³ee meb®eeuekeÀebveer ceeHeÀkeÀHeCes uesKes le³eej kesÀues efkebÀJee keÀmes ns yeIeCes lemes®e efJeÊeer³e He$ekesÀ meeoj keÀjCes ne uesKeeHeefj#eCee®ee

efJeMes<e GÎsMe Deens.

Deecneuee Demee efJeéeeme Deens keÀer, efJeÊeer³e He$ekeÀebJej Deece®es cele J³ekeÌle keÀjC³eemeeþer Deecner ³eesi³e les HegjeJes pes uesKee Heefj#eCeemeeþer Hegjsmes Deensle

les Deecner efceUefJeues Deensle.

cele :

Deece®³ee celes lemes®e Deecneuee efouesu³ee ceeefnleervegmeej DeeefCe mHeäerkeÀjCeevegmeej Jej vecego kesÀuesues efJeÊeer³e efJeJejCe He$ekesÀ keÀe³eÐeevegmeej

DeeJeM³ekeÀ Demeu³eeÒeceeCes Yeejleele meeceev³ele: efmJekeÀejuesu³ee uesKee lelJeeÒeceeCes 31 cee®e& 2018 jespeer leeUsyebo Je veHeÀeleesìe He$ekeÀ lemes®e l³ee®e

efoJeMeer®es jesKeles®³ee He$ekeÀe®es Kejs Je jemle mJe©He oMe&efJeleele.

Flej keÀe³eosMeerj Je efve³eefcelelesmebyebOeer DeeJeM³ekeÀlee :

1) keWÀê mejkeÀejves peejer kesÀuesu³ee kebÀHeveer®ee (uesKee Heefj#ekeÀeb®ee DenJeeue) DeeosMe 2016 (DeeosMe) lemes®e keÀe³eÐee®es keÀuece 143®³ee

GHekeÀuece (11) vegmeej DeeJeM³ekeÀ Demeu³eeÒeceeCes ³ee DeeosMeeleerue Heefj®íso 3 Je 4 ³eele vecego kesÀu³eeÒeceeCes meesyele pees[uesu³ee pees[He$eele

ceeefnle osle Deenesle.

2) kebÀHeveer keÀe³eÐeeleerue keÀuece 143(3) ceO³es vecego kesÀu³eeÒeceeCes DeeJeM³ekeÀ DenJeeue KeeueerueÒeceeCes osle Deenesle.

De) DeeHeu³ee uesKeeHeefj#eCeemeeþer DeeJeM³ekeÀ Demeuesueer meJe& ceeefnleer Je mHeäerkeÀjCes Deecner ceeefieleu³eeÒeceeCes Deecneuee efceUeueer Deensle.

ye) Deece®³ee celes keÀe³eÐeeÒeceeCes DeeJeM³ekeÀ Demeuesueer meJe& uesKeeHegmlekesÀ kebÀHeveerves þsJeueer Deensle Demes Deecneuee uesKeeHeefj#eCeeojc³eeve

Dee{Utve Deeues.

keÀ) leeUsyebo, veHeÀeleesìeHe$ekeÀ DeeefCe jesKelee efJeJejCe He$ekeÀ ns uesKee Heefj#eCe DenJeeueele vecego kesÀu³eeÒeceeCes uesKeeHegmlekeÀebMeer efceUles pegUles

Deens.

[) kebÀHeveer keÀe³eoe keÀuece 133 ceOeerue efve³ece 7 kebÀHeveer (uesKee) efve³ece 2014 ceO³es vecego kesÀu³eeÒeceeCes Jejerue efJeefÊe³e He$ekesÀ uesKee

ÒeceeCekeÀeb®eer Hegle&lee keÀjleele.

23


F) DeefOeefve³eceeleerue keÀuece 2(45) ceO³es oMe&efJeu³eevegmeej kebÀHeveer MeemekeÀer³e kebÀHeveer Demeu³eecegUs DeefOemeg®evee ¬eÀceebkeÀ (SHeÀövebyej-1/2/

2014-meerSue.Jner.) efo. 5 petve 2015 ceO³es megì efou³eevegmeej kebÀHeveeruee DeefOeefve³eceeleerue Yeeie 164(2) ueeiet nesle veener.

HeÀ) efJeefÊe³e He$ekeÀeceOeerue ÒeJele&veer³e HeefjCeecekeÀlesJej DeeefCe Debleie&le efJeÊeer³e efve³eb$eCeeJejerue ³eesi³e³eesi³elesJej Deece®ee pees[He$e ye' ceO³es efouesuee

mJeleb$e DenJeeue HeneJee.

ie) Flej yeeyeer ue#eele Ieslee lemes®e uesKeeHeefj#eCeele vecego keÀjC³eemeejKes efJe<e³e kebÀHeveer efve³ece (uesKeeHejer#eCe DeeefCe uesKeeHejer#ekeÀ) 2014®³ee

efve³ece 11 Devegmeej Deece®³ee celes Je Deece®³ee ceeefnleerÒeceeCes Je Deecneuee efouesu³ee mHeäerkeÀjCeeÒeceeCes :-

1) p³ee Òeuebefyele keÀe³eosMeerj oeJ³eeb®ee efJeefÊe³e He$ekeÀeJej ÒeYeeJe He[t MekeÀlees DeMee yeeyeer kebÀHeveerves uesK³eeJejerue efìHeC³eebceO³es mHeä GuuesKe

(efìHeCeer ¬eÀ. 19 ceO³es) kesÀuesuee Deens.

2) kebÀHeveerkeÀ[s keÀesCelesner efoIe& cegoleer®es keÀjej Je ke=Àoble keÀjej veenerle p³eecegUs YeefJe<³eele ceesþs vegkeÀmeeve nesT MekesÀue DeeefCe

3) kebÀHeveerkeÀ[s iegbleJeCetkeÀoej efMe#eCe DeeefCe mebj#eCe HebÀ[ele nmleeblej keÀjeJeer ueeiesue DeMeer kegÀþueerner jkeÌkeÀce veener.

3) Yeejlee®es efve³eb$ekeÀ Je ceneuesKeeHeefj#ekeÀ ³eeb®³ee efo. 30 ces 2018 ®³ee He$eele vecego kesÀu³eeÒeceeCes keÀuece 143(5) efouesu³ee DeeosMeeÒeceeCes

Deecner KeeueerueÒeceeCes vecego keÀjlees.

De) Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej DeeefCe Deecner kesÀuesu³ee uesKeeHegmlekeÀeb®³ee leHeemeCeervegmeej DenJeeue Je<ee&le keÀpex, J³eepe,

$eÝCe efveuexKeve / ceeHeÀer Fl³eeoer®eer keÀesCeleerner ÒekeÀjCes veenerle.

ye) Deecner kesÀuesu³ee uesKeeHegmlekeÀeb®³ee Heefj#eCeeÒeceeCes Je mHeäerkeÀjCeeÒeceeCes lemes®e ceeefnleerÒeceeCes efo. 31 cee®e& 2018 jespeer kebÀHeveerkeÀ[s

ceeuee®ee meeþe veener. efkebÀJee kebÀHeveer®³ee ceeuee®ee meeþe eflemeN³ee J³ekeÌleerkeÀ[s efMeuuekeÀ veener. Je<e&Yejele ye#eerme efÒel³eLe& kegÀþu³eener ceÊee

efceUeu³ee veenerle. Yeeb[Jeueer Devegoeveeletve MeemeveekeÀ[tve efkebÀJee Flej ÒeeefOekeÀjCeeletve efceUeuesu³ee ceÊeeb®ee leHeMeerue þsJeuesuee Deens.

keÀ) efouesu³ee ceeefnleerÒeceeCes DeeefCe mHeäerkeÀjCeeÒeceeCes keÀe³eosMeerj ÒekeÀjCeeb®eer efo. 31 cee®e& 2018 jespeer®eer efmLeleer KeeueerueÒeceeCes Deens.

1) ce@HeÀkeÀesves oeKeue kesÀuesues oeJes :

De.¬eÀ.

mebmLes®es veeJe oeJee ¬eÀ.jkeÌkeÀce

(ueeKeele)efmLeleer

1) Denceoveiej menkeÀejer yeBkeÀ efueefceìs[ 642/1990 Je 1.98 megveeJeCeer ÒeieleerHeLeeJej

459/2012

24


[) Meemevee®³ee efveCe&³eeÒeceeCes kebÀHeveer®es efveieg¥leJeCegkeÀerkeÀjCe keÀje³e®es Demetve efmekeÀe@ce ceeHe&Àle Demesì efmìêfHebie cesLe[ He×leerves ceÊee efJe¬eÀer

keÀje³e®³ee Deensle Demes Deecneuee meebieC³eele Deeues Demetve lemes mHeäerkeÀjCe osC³eele Deeues Deens. kebÀHeveer®³ee meJe& ceÊee peefceveermen cetU

efkebÀcele Jepee Iemeeje DeMeeefjleerves uesK³eele oeKeefJeu³ee Demetve DenJeeue Je<ee&le ceÊeeb®es Hegveceg&u³eebkeÀve keÀjC³eele Deeuesues veener. efveieg¥leJeCetkeÀer®³ee

Òeef¬eÀ³es®ee leHeMeerue efJeefÊe³e He$ekeÀeleerue ìerHe ¬eÀceebkeÀ 21(1)(keÀ) ceO³es efouee Deens.

4) efo. 30 ces 2018 ®³ee He$eeÒeceeCes Yeejlee®es efve³eb$ekeÀ DeeefCe ceneuesKeeHeefj#ekeÀ ³eebveer keÀuece 143(5) DevJe³es efceUeuesu³ee DeeosMeevJe³es Deecner

Demes vecego keÀjlees keÀer,

De) Deecneuee meebefieleu³eeÒeceeCes DeeefCe efouesu³ee mHeäerkeÀjCeeÒeceeCes efoveebkeÀ 31 cee®e& 2018 jespeer kebÀHeveerkeÀ[s kegÀþueener ceeuee®ee meeþe

veener.

ye) Deecneuee efouesu³ee ceeefnleerÒeceeCes Je mHeäerkeÀjCeeÒeceeCes kegÀþu³eener ÒekeÀej®es keÀpe& osCes / Devegoeve osCes / ke=Àef<eceeue DeeefCe ke=Àef<e ³eb$es

ueeYeOeejkeÀebvee osCes kebÀHeveerJej yebOevekeÀejkeÀ veener.

keÀ) Deecneuee efouesu³ee ceeefnleerÒeceeCes Je mHeäerkeÀjCeeÒeceeCes kebÀHeveeruee Je<e&Yejele kegÀþuesner DebMeoeve efkebÀJee Devegoeve efceUeuesues veener.

[) uesKeeHeefj#eCe DenJeeuee vecego kesÀuesuee veHeÀe / leesìe ne kebÀHeveer®³ee veHeÀe leesìe He$ekeÀeÒeceeCes Deens.


mebmLes®ee veeWoCeer ¬eÀceebkeÀ 113447 [yu³eg/[yu³eg 100019


veeW.¬eÀ. 143503



2) ce@HeÀkeÀes efJe©× oeKeue kesÀuesues oeJes :-

De.

¬eÀ.mebmLes®es veeJe oeJee ¬eÀ.

jkeÌkeÀce

(ueeKeele)efmLeleer

1) Þeerceleer cebieuee Heeìerue meve 1989 ®ee 946 2.00 megveeJeCeer ÒeieleerHeLeeJej

2) iepeeefj³ee FuesefkeÌì^keÀ Fb[efmì³eue kebÀHeveer ìerF De@v[ Deej oeJee ¬eÀ. 6,58.98 megveeJeCeer ÒeieleerHeLeeJej

Òee. efueefceìs[ meve 2000®ee 211/254

25


Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej DeeefCe leHeemeCeer kesÀueer Demelee Je ³eesi³e Jeeìu³eeÒeceeCes Deecner Demee DenJeeue oslees keÀer :-

1) (De) kebÀHeveerves DeeHeu³ee ceÊeeb®ee ³eesi³e lees ÒeceeefCele Je efmLeleer oMe&efJeCeeje leHeMeerue þsJeuesuee Deens.

(ye) kebÀHeveerves ³eesi³e l³ee Deblejeves DeeHeu³ee ceÊeebb®eer Òel³e#e leHeemeCeer kesÀueer Demetve l³eele KegHe leHeÀeJeleer Dee{Uu³ee veenerle.

(keÀ) Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej uesK³eele vecego kesÀuesueer peceerve ner Yee[sHeÆerJej Iesleuesueer peceerve Demetve efle®ee

³eesi³e lees Yee[sHeÆe kebÀHeveer®³ee veeJeeves GHeueyOe Deens. uesK³eele vecego kesÀuesueer Fceejle kebÀHeveerves mJele: yeebOeueer Demetve nkeÌkeÀe

mebyebOeer ÒeMve GodYeJele veener.

2) Deecneuee efouesu³ee ceeefnleerÒeceeCes Je mHeäerkeÀjCeeÒeceeCes kebÀHeveerkeÀ[s Je<e&Yejele ceeuee®ee meeþe vemeu³eeves Heefj®íso 3(2) ceOeerue DeeosMe

ueeiet nesle veenerle.

3) Deecneuee efouesu³ee ceeefnleerÒeceeCes DeeefCe mHeäerkeÀjCeeÒeceeCes lemes®e Deecner kesÀuesu³ee uesK³eeHegmlekeÀeb®³ee leHeemeCeerÒeceeCes kebÀHeveerves keÀesCel³eener

kebÀHeveeruee, mebmLesuee efkebÀJee Flej mebmLee p³ee kebÀHeveer DeefOeefve³ecee®ee Yeeie 189 Devegmeej kesÀuesu³ee veeWoJenerle veeWo Deensle DeMeevee kegÀþuesner

keÀpe& efouesues veener cnCetve Heefj®íso 3(3)(De) 3(3)(ye) DeeefCe 3(3)(keÀ) ®³ee DeeosMeeleerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.

4) Deecneuee efouesu³ee ceeefnleerÒeceeCes DeeefCe mHeäerkeÀjCeeÒeceeCes kebÀHeveer keÀe³eÐeeleerue 2013 ceOeerue keÀuece 185 DeeefCe 186 vegmeej keÀpe&

iegbleJeCetkeÀ nceer Je megj#ee mebyebOeeleerue lejlegoeR®es Heeueve kesÀues Deens.

5) Deecneuee efouesu³ee ceeefnleerÒeceeCes Je mHeäerkeÀjCeeÒeceeCes kebÀHeveerves peveleskeÀ[tve þsJeer efmJekeÀeju³ee veenerle. l³eecegUs ³ee mebyebOeeleerue kebÀHeveer

keÀe³eÐee®³ee keÀuece 73 les 76 Je Flej lejlegoer Je l³eeleerue efve³ece kebÀHeveeruee ueeiet nesle veenerle.

6) Deecneuee meebefieleu³eeÒeceeCes kebÀHeveer keÀe³eoe 2013 ceOeerue keÀuece 148(1) Devegmeej J³e³e DeefYeuesKes þsJeC³eebyeeyele kesÀvê mejkeÀejves

efveoxefMele kesÀuesues veener.

7) (De) Deecneuee efouesu³ee ceeefnleerÒeceeCes Je mHeäerkeÀjCeeÒeceeCes lemes®e Deecner kesÀuesu³ee uesK³eeb®³ee leHeemeCeerÒeceeCes kebÀHeveerves efve³eefceleHeCes

Jeeo vemeuesu³ee jkeÀcee pemes YeefJe<³e efveOeer, keÀce&®eejer efJecee jkeÀcee, Dee³ekeÀj, efJe¬eÀerkeÀj, mebHeÊeerkeÀj, mesJee keÀj, keÀmìce [îegìer,

Jn@u³eg De@[s[ ì@keÌme, mesme p³ee efþkeÀeCeer ueeiet Deens les DeeefCe Flej JewOeeefvekeÀ osCeer ³eesi³e l³ee ÒeeefOekeÀeN³eebkeÀ[s YejCee kesÀu³ee Deensle.

Deecneuee efouesu³ee ceeefnleer DeeefCe mHeäerkeÀjCeevegmeej Jeeo vemeuesu³ee keÀesCel³eener jkeÌkeÀcee 31-3-2018 jespeer mene ceefnv³eeHes#ee

peemle LekeÀerle veJnl³ee.

mJeleb$e uesKeeHeefj#ekeÀeb®³ee DenJeeuee®es pees[He$e `De' - 31 cee®e& 2018

26


leHeMeerue jkeÌkeÀce (©He³eele) kegÀþs Jeeo Òeuebefyele Deens

meWìûe SkeÌmeeF&pe®eer ceeieCeer 25,23,942.00 keWÀêer³e DeyekeÀejer Je megJeCe& De@Heuesì ì^@y³egveue

(ye) Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeeÒeceeCes Dee³ekeÀj, mebHeÊeerkeÀj, mesJee keÀj, efJe¬eÀer keÀj, keÀmìce [îegìer, Jn@u³eg De@[s[ ì@keÌme,

mesme F. ®³ee jkeÀcee keÀesCel³eener efJeJeeoemleJe ve Yeju³ee®es Dee{Utve Deeues veener.

8) Deece®³ee celes Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeeÒeceeCes kebÀHeveerves yeBkesÀkeÀ[tve efkebÀJee efJeÊeer³e mebmLeebkeÀ[tve efveOeer Iesleuesuee veener.

kebÀHeveerves Je<e&Yejele keÀpe&jesKes keÀe{uesues veenerle.

9) Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeeÒeceeCes kebÀHeveerves ÒeeLeefcekeÀ pevelee oskeÀej efkebÀJee cegole keÀpe& ³eeÜejs efveOeer GYeejuesuee veener.

10) Deece®³ee uesKeeHeefj#eCe He×leer lemes®e Deecneuee J³eJemLeeHeveeves efouesu³ee ceeefnleer DeeefCe mHeäerkeÀjCeeÒeceeCes Deecner DenJeeue oslees keÀer,

DenJeeue Je<ee&le kebÀHeveer efkebÀJee efle®³ee DeefOekeÀejer efkebÀJee keÀce&®eeN³eebkeÀ[tve keÀesCeleener iewjJ³eJenej Peeu³ee®es Dee{Utve Deeues veener efkebÀJee lemes

keÀUefJeC³eeble Deeuesues veener.

11) kebÀHeveerves kegÀþuesner J³eJemLeeHekeÀer³e HeeefjÞeceerkeÀ efouesues veener efkebÀJee l³eemeeþer uesK³eele lejlego kesÀuesueer veener cnCetve DeeosMeeleerue Heefj®íso

3(11) ceOeerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.

12) Deece®³ee celes kebÀHeveer efveOeer kebÀHeveer vemeu³eeves DeeosMeeleerue Heefj®íso 3(12) ceOeerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.

13) uesKeeHeefj#eCee®³ee He×leerJej DeeOeejerle lemes®e Deecneuee efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej mebyebOeerle J³ekeÌleerMeer kesÀuesues J³eJenej

kebÀHeveer keÀe³eoe 2013 ®³ee keÀuece 188 ceOeerue lejlegoeR®eer Hegle&lee keÀjleele lemes®e l³ee®ee leHeMeerue efJeÊeer³e He$ekeÀele ³eesi³e Je ueeiet Demeuesu³ee

uesKeeefveleerÒeceeCes GuuesKe kesÀuesuee Deens. kebÀHeveer keÀe³eoe 2013 ®³ee keÀuece 177 ceOeerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.

14) uesKeeHeefj#eCee®³ee He×leerJej DeeefCe J³eJemLeeHeveeves efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej kebÀHeveerves DeûenkeÌkeÀeves mece Yeeieeb®es JeeìHe efkebÀJee

meceYeeieeb®es Keepeieer JeeìHe efkebÀJee HetCe& HeefjJele&veer³e DeLeJee DebMele: HeefjJele&veer³e jesK³eeb®es Je<e&Yejele JeeìHe kesÀuesues veener l³eecegUs DeeosMeeleerue

Heefj®íso 3(14) ceOeerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.

27


15) uesKeeHeefj#eCee®³ee He×leerJej DeeefCe J³eJemLeeHeveeves efouesu³ee ceeefnleer Je mHeäerkeÀjCeevegmeej kebÀHeveerMeer mebyebefOele meb®eeuekeÀ efkebÀJee J³ekeÌleer

³eeb®³eeMeer kebÀHeveerves jesKeefJejnerle keÀesCelesner J³eJenej kesÀuesues veenerle. l³eecegUs DeeosMeeleerue Heefj®íso 3(15) ceOeerue lejlegoer kebÀHeveeruee ueeiet

nesle veenerle.

16) Yeejleer³e efjPeJn& yeBkeÀ keÀe³eÐeeleerue 1934 ceOeerue keÀuece 451 (De) ÒeceeCes kebÀHeveer®eer veeWoCeer keÀjCes DeeJeM³ekeÀ vemeu³eeves DeeosMeeleerue

Heefj®íso 3(16) ceOeerue lejlegoer kebÀHeveeruee ueeiet nesle veenerle.




veeW.¬eÀ. 143503



28


kebÀHeveer keÀe³eoe 2013 ®³ee keÀuece 143 ceOeerue GHekeÀuece 3 ceOeerue yeeye (1) ÒeceeCes kebÀHeveer®³ee Debleie&le efJeÊeer³e efve³eb$eCeeJej DenJeeue.

efo. 31 cee®e& 2018 jespeer®³ee ce@HeÀkeÀes ce³ee&efole®³ee (ceneje<ì^ Meemevee®ee GHe¬eÀce) efJeÊeer³e meeojerkeÀjCeeleerue Debleie&le efJeÊeer³e efve³eb$eCeeJejerue

uesKeeHeefj#eCe Deecner kesÀuesues Deens.

Debleie&le efJeÊeer³e efve³eb$eCeeyeeyele®eer J³eJemLeeHevee®eer peyeeyeoejer :®eeì&[& DekeÀeQììdme Dee@HeÀ Fbef[³ee ³ee mebmLesves le³eej kesÀuesu³ee ceeie&oMe&keÀ efìHeC³eevegmeej efJeÊeer³e He$ekesÀ le³eej keÀ©ve l³eeJej efJeÊeer³e efve³eb$eCe þsJeCes ns

kebÀHeveer®³ee J³eJemLeeHevee®eer peyeeyeoejer Deens. ³eeceO³es Debleie&le efJeÊeer³e efve³eb$eCe þsJeCes l³ee®eer DebceueyepeeJeCeer keÀjCes Je HeefjCeecekeÀejkeÀHeCes l³ee®ee JeeHej keÀjCes

³ee®ee kebÀHeveerves OeesjCe J³eJemee³e lemes®e ceÊeeb®eer megj#ee iewjÒekeÀejeHeemetve cegkeÌlelee, ®egkeÀe ìeUCes Je HegCe&HeCes He$ekesÀ le³eej keÀjCes ns kebÀHeveer keÀe³eoe 2013 vegmeej

DeeJeM³ekeÀ Deens.

uesKeeHeefj#ekeÀeb®eer peyeeyeoejer :J³eJemLeeHeveeves efJeefÊe³e He$ekesÀ le³eej keÀ©ve l³eele J³eJemLeeHevee®³ee Debleie&le efJeÊeer³e efve³eb$eCeeJej Deece®³ee uesKeeHeefj#eCeeÒeceeCes l³eeJej cele J³ekeÌle

keÀjCes ner Deece®eer peyeeyeoejer Deens. ®eeì&[& DekeÀeQììdme ³ee meveoer uesKeeHeeueeb®³ee mebmLesves efJenerle kesÀuesu³ee ceeie&oMe&keÀ efìHeC³eeÒeceeCes J³eJemLeeHeveeves le³eej

kesÀuesu³ee efJeÊeer³e He$ekeÀebceO³es vecego kesÀuesu³ee Debleie&le efJeÊeer³e efve³eb$eCeeJejerue uesKeeHeefj#eCe Deecner kesÀuesues Deens, pes kebÀHeveer keÀe³eoe 2013 ®³ee keÀuece

143(10) ceO³es ie=nerle Oejuesues Deens. p³eele Debleie&le efJeÊeer³e efve³eb$eCe Je l³ee®es uesKeeHejer#eCe ®eeì&[& DekeÀeQììd®³ee mebmLesves efJeefnle kesÀu³eeÒeceeCes Deens. ns

kesÀu³eecegUs Debleie&le efJeÊeer³e efve³eb$eCe uesKeeHeefj#eCe megueYe keÀjCes DeeefCe efJeÊeer³e efve³eb$eCee®eer MeeMJeleer efceUefJeCes lemes®e ³eesi³e Debleie&le efve³eb$eCe ³eecegUs

Deecneuee ³eesi³e MeeMJeleer efceUefJeCes lemes®e ³eesi³e Debleie&le efve³eb$eCe ³eecegUs Deecneuee ³eesi³e ceeefnleer cenlJee®³ee yeeyeleerle efceUefJeCes MekeÌ³e Peeues.

Deece®³ee uesKeeHeefj#eCeele efJeÊeer³e He$ekesÀ yejesyej Demeu³eeyeÎue HegjeJes IesCes lemes®e HeefjJele&vee®eer HeefjCeecekeÀejkeÀlee yeIeCes MekeÌ³e nesles. Deece®³ee Debleie&le

efJeefÊe³e efve³eb$eCeeyeÎue®eer De®egkeÀlee mecepeeTve IesCes lemes®e keÀcekegÀJeleHeCee Demeu³eeme l³eele megOeejCee keÀjCes Je efJeÊeer³e He$ekeÀele HeefjCeecekeÀejkeÀlee DeeCeCes

MekeÌ³e nesles. l³eecegUs OeeskeÌ³ee®eer He[leeUCeer, ®egkeÀer®es efJeJejCe Je efJeÊeer³e He$ekeÀele iewjÒekeÀej efkebÀJee ®egkeÀe ìeUCes MekeÌ³e nesles. efJeÊeer³e He$ekeÀebJej DenJeeue osCesmeeþer

ceeefnleer efceUCes, HegjeJes efceUefJeCes Je Hegjsmes Je De®egkeÀHeCes Deece®es cele J³ekeÌle keÀjCes MekeÌ³e nesles.

Deecner Demes mecepelees keÀeR Deecner uesKeeHeefj#eCeemeeþer Hegjsmes DeeefCe ³eesi³e HegjeJes efceUJeues Deensle, pes kebÀHeveer®³ee efJeefÊe³e He$ekeÀeJej/Debleie&le efJeefÊe³e

efve³eb$eCe He×leerJej Deece®es uesKeeHeefj#eCeeJejerue cele J³ekeÌle keÀjC³eeme DeeOeej þjleele.

efJeÊeer³e DenJeeueeJejerue Debleie&le efve³eb$eCee®ee DeLe& :

efJeÊeer³e DenJeeueeJej efve³eb$eCe þsJeCes ner SkeÀ Òeef¬eÀ³ee Demetve l³eeletve ceeHeÀkeÀefjl³ee efJeÊeer³e DenJeeueeJej efJeéeeme þsJelee ³esF&ue Je leer meJe&meeOeejCeefjl³ee

efmJekeÀejuesu³ee uesKeeefveleerÒeceeCes kesÀuesu³ee Deensle. kebÀHeveer®³ee ³ee Debleie&le efJeÊeer³e efve³eb$eCeele DeMeer OeesjCes Je He×leer®ee meceeJesMe Deens leer KeeueerueÒeceeCes :-

1) ³eele meJe& DeefYeuesK³eeb®ee leHeMeerue þsJeCes p³eecegUs ceÊeeb®³ee J³eJenej Je efmLeleerle yeoue Peeu³eemebyebOeer De®etkeÀlee DeeefCe mHeälee efometve ³esles.

2) efJeÊeer³e He$ekesÀ meJe&meeOeejCeHeCes efmJekeÀejuesu³ee uesKeelelJeeÒeceeCes leHeMeerue þsJeC³eemeeþer le³eej kesÀueer Demetve l³eeletve ³eesi³e leer nceer efceUles.

lemes®e kebÀHeveer®ee Ke®e& Je GlHevve ns J³eJemLeeHeveeves ÒeeefHleke=Àle kesÀuesu³ee ÒeeefOekeÀejeÜeje Je kebÀHeveer®³ee meb®eeuekeÀebÜeje kesÀuee peelees DeeefCe

mJeleb$e uesKeeHeefj#ekeÀeb®³ee DenJeeuee®es pees[He$e `ye' - 31 cee®e& 2018

29


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veeW.¬eÀ. 143503



MAFCO LIMITED

88888888888888888888888888888

MAFCO

88888888888888888888888888888

47th ANNUAL REPORT2017 - 2018

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MAFCO LIMITED

SHRI. U.P.S. MADAN Chairman

SHRI. RAJGOPAL DEVARA Managing Director

SMT. M. M. DHURI Director

REGISTERED OFFICE MAFCO LIMITEDMumbai Deep Freez,Near J. J. School of Arts,D. N. Road, Crawford Market,Mumbai - 400 001.

STATUTORY AUDITORS M/s. Bagaria & Co. LLP.Chartered AccountantsAndheri (West),Mumbai - 400 057.

BANKERS CENTRAL BANK OF INDIACrawford Market Branch,Mumbai - 400 003.

BOARD OF DIRECTORS

1

Note : The accounts for the year 2017-18 were approved in the 47th Adjourned Annual General Meetingheld on 17-01-2019

47th ANNUAL REPORTYEAR 2017-2018MAFCO

DIRECTOR�S REPORT TO THE SHAREHOLDERS OF MAFCO LIMITEDFor the year ended 31st March, 2018

1. Your Directors have pleasure in presenting the 47th Annual Report with Audited Accounts of your Companyfor the period 1st April, 2017 to 31st March, 2018.

2. Your Company has sustained a loss of Rs. 19.75 lakhs during this year. The net balance in the Profitand Loss account is now a surplus of Rs. 35.85 lakhs as on 31.03.2018.

The financial results of the company for the current year and the previous year are given below :

In view of loss substained by the company, your directors are not able to recommend dividend for the F.Y. 2017-2018. The Government of Maharashtra has exempted the company from payment of Dividend previously.

Expenditure figure include Rs. 11.56 lakhs as loss on surrender of Assets and Rs. 16.00 lakhs as compensationsto ex-employees.

3. On account of disinvestments of the company, the figures of expenditure & income are not comparable withprevious year. The company continued to earn interest on fixed deposits.

4. The Statutory Auditors have given their report on the accounts of Mafco Limited. The Notes on accounts havebeen given in Note 1(20) �Significant Accounting Policies� and also in the other Notes attached to the accounts. Thereis no adverse comment on the accounts for the year 2017-18.

Other Income 34.75 74.06

Total Income 34.75 74.06

Expenditure (�) 57.89 (�) 242.47

Operating Results (�) 23.14 (�) 178.41

Interest & Finance Cost 0.23 0.23

Depreciation 0.02 0.71

Deferred Tax (�) 3.64 (�) 0.22

Profit (+) / Loss (�) Before Taxes (�) 19.75 (�) 179.13

Payment / Provision for Taxes � �

Profit (+) / Loss (�) after Tax (�) 19.75 (�) 179.13

Net Profit / Loss (�) for the year (�) 19.75 (�) 179.13

Proposed Dividend � �

Dividend Distribution Tax � �

Net Profit / Loss (�) Transferred to Reserves (�) 19.75 (�) 179.13

(` in Lacs)

INCOMECurrent Year

2017-2018Previous Year

2016-2017

2


5. The audited accounts of the company were submitted to the office of the Comptroller and AuditorGeneral of India for supplementary Audit u/s. 143(6)(b). They have decided not to conduct the supplementaryaudit of company vide letter dt. 29.10.2018.

6. There are no regular employees on the roll of Mafco Ltd. since March, 2008.

7. The particulars relating to conservation of Energy and Technology absorption as well as ForeignExchange earning and outgoings as required under Section 217(2-A) of the Companies Act, 1956 and Rule 2of the Companies Act (disclosure of particulars in the report and Board of Directors) Rules 1988 have notbeen given as there was no production during the year.

8. The information as required under Section 217(2A) of the Company�s Act 1956 read with the companies(particulars of employees) Rules 1975 as amended up to date is not furnished as no employees are on roll ofthe company during the year.

9. Shri. D. K. Jain retired from the post of Chairman and Shri. U.P.S. Madan has been appointed asChairman. Mrs. Vandana Krishna, Managing Director retired and Shri. Rajagopal Devara has been appointedin her place as Managing Director, Shri. V. R. Dahiphale, Jt. Secretary (Fin) has retired and Smt. M. N. Dhuri,Dy. Secretary (Fin) has been appointed as Director in his place.

10. The efforts for the privatization / disinvestment of your company are being carried out by FinanceDepartment, Govt. of Maharashtra. A High Power Committee under the chairmanship of Hon. Chief. Secretaryhas been appointed by the Govt. of Maharashtra and is monitoring action in the matter. The High PowerCommittee has decided to follow the Assets Stripping Method for disinvestment of Mafco as recommended byM/s. SICOM.

11. DIRECTORS RESPONSIBILITY STATEMENT :As required by the section 217(2AA) of the Companies Act 1956, your directors state that :

a. The company has followed the applicable standards along with proper explanation relating to materialdeparture in the preparation of annual account.

b. The Directors have selected such accounting policies and applied them consistently and madejudgements and estimates that are reasonable and prudent so as to give true and fair view of the state ofaffairs of the company at the end of the financial year and of profit and loss of the company for that period.

c. The directors have taken proper and sufficient care for maintenance of adequate records in accordancewith the provisions of this act for safeguarding the assets of the company and for preventing and detectingfraud and other irregularities.

d. The directors have prepared the annual accounts on the basis of a �going concern�.

12. Your Directors are thankful for co-operation & guidance given by the statutory Auditors. Your Directorswould also like to place on record administrative support & other guidance provided by the Government ofMaharashtra.

3

For and on behalf of the Board of DirectorsMAFCO LIMITED

ChairmanPlace : Mumbai

Date : 26-12-2018


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mailto:agcommau/[email protected]

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION

143(6)(b) OF THE COMPANIES ACT, 2013 ON THE ACCOUNTS OF MAFCO LIMITED, MUMBAI

FOR THE YEAR ENDED 31ST MARCH 2018.

The preparation of Financial Statements of MAFCO Limited, Mumbai for the year ended

31st March, 2018 in accordance with the financial reporting framework prescribed under the Companies Act.

2013 is the responsibility of the management of the company. The Statutory Auditors appointed by the

Comptroller and Auditor General of India under Section 139(5) of the Act is responsible for expressing opinion

on the Financial statements under Section 143 of the Act based on independent audit in accordance with the

standards on Auditing prescribed under section 143(10) of the Act. This is stated to have been done by them

vide their Audit Report dated 11th September, 2018.

I, on behalf of the Comptroller and Auditor General of India, have decided not to conduct the

supplementary audit of the Financial Statements of MAFCO Limited, Mumbai for the year ended 31st

March, 2018 under section 143(6)(a) of the Act.

For and on behalf ofThe Comptroller and Auditor General of India

(S. K. JAIPURIYAR)PRINCIPAL ACCOUNTANT GENERAL

(AUDIT) - III

Place : Mumbai

Date : 29th October, 2018.

5


MAFCO LIMITED, MUMBAI.CIN : U01110MH2004SGC014931

BALANCE SHEET AS AT 31ST MARCH 2018

As per our report of even date

For M/s. Bagaria & Co. LLPCharterd Accountants

Vinay SomaniPartnerMem. No. 143503

Place : MUMBAI

Date : 11th September, 2018

For and on behalf of Board of Directors

MAFCO LIMITED

Rajgopal Devara U.P.S. MadanManaging Director Chairman

DIN No. DIN No.

EQUITY AND LIABILITIESShareholder�s FundsShare Capital 2 5,03,57,300 5,03,57,300Reserves and Surplus 3 35,85,374 55,60,199

NON-CURRENT LIABILITIESDeferred Tax Liability 4 33,910 3,98,339Other - Long Term Liabilities 5 1,23,22,233 1,25,44,931

CURRENT LIABILITIESTrade Payables 6 71,566 1,00,326Short Term Provision 7 � �

Other Current Liabilities 8 � �

TOTAL 6,63,70,383 6,89,61,095

ASSETSNon-Current AssetsFixed Assets� Tangible Assets 9 1,30,423 12,89,122Long - Term Loans and Advances 10 1,61,19,700 1,63,21,570

Current AssetsTrade Receivables 11 � 76,71,200Cash and Bank Balances 12 5,00,93,892 4,29,93,526Short - Term Loans and Advances 13 � �

Other Current Assets 14 26,368 6,85,677

TOTAL 6,63,70,383 6,89,61,095

Significant Accounting Policies 1See accompanying notes to theFinancial Statements 2 to 21

NoteNo.

As at 31st March 2017PARTICULARS

`

As at 31st March 2018

`

6



STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31/3/2018

REVENUERevenue from Operations � �

Other Income 15 34,74,676 74,05,794

Total 34,74,676 74,05,794

EXPENSESFinance costs 16 22,904 23,109Depreciation and Amortization expenses 9 2,450 70,812Other expenses 17 57,88,576 2,52,47,188

Total 58,13,930 2,53,41,109

Profit Before Tax (23,39,254) (1,79,35,315)

Tax Expense :Current Tax Expense � �

Less : MAT Credit � �

Net Current Tax � �

Deferred Tax (3,64,429) (21,881)

Profit after tax for the Period (19,74,825) (1,79,13,434)

Earnings per equity share offace value of Rs. 100 eachBasic EPS (In Rs.) 18 (3.92) (35.57)Diluted EPS (In Rs.) 18 (3.92) (35.57)

Significant Accounting Policies 1See accompanying notes to theFinancial Statements 2 to 21

NoteNo.

Year Ended 31/03/2017PARTICULARS

`

Year Ended 31/3/2018

`

7



C.A. Vinay SomaniPartnerMem. No. 143503

Place : MUMBAI



MAFCO LIMITED


DIN No. DIN No.


(` in thousand)

A. Cash Flow From Operating Activities :Net Profit after Tax as per Profit & Loss Statement (19,74,825) (1,79,13,434)Adjusted for :Depreciation 2,450 70,812Interest Income (32,85,933) (36,93,393)Interest & Finance Charges 22,904 23,109Loss on Surrender of Assets 11,56,249 �

Operating Profit before Working Capital Changes (40,79,155) (2,15,12,906)Adjusted for :MAT Credit of earlier Years brought into Books of Current Year(Increase) / Decrease in Trade Receivables 76,71,200 2,42,44,497(Increase) / Decrease in Other Receivables 8,61,179 1,77,795Increase / (Decrease) in Trade Payables (28,760) (8,56,320)Increase / (Decrease) Others Payables (5,87,127) (23,09,878)

Cash Generated From Operations 38,37,337 (2,56,812)Taxes Paid � �

Cash inflow Before Prior Period Adjustments 38,37,337 (2,56,812)

Net Cash from Operating Activities 38,37,337 (2,56,812)

B. CASH FLOW FROM INVESTING ACTIVITIESInterest Income 32,85,933 36,93,393

Net Cash from Investing Activities 32,85,933 36,93,393

C. CASH FLOW FROM FINANCING ACTIVITIESInterest & Finance Charges (22,904) (23,109)

Net Cash From Financial Activities (22,904) (23,109)

Net Increase in Cash and Cash Equivalents 71,00,366 134,13,472

Opening Balance of Cash and Cash Equivalents 4,29,93,526 3,95,80,054

Closing Balance of Cash and Cash Equivalents 5,00,93,892 4,29,93,526

For the year ended31st March, 2017PARTICULARS

`

For the year ended31st March, 2018

`


CASH FLOW STATEMENT FOR THE YEAR 2017-2018

8



C.A. Vinay SomaniPartnerMem. No. 143503

Place : MUMBAI



MAFCO LIMITED


DIN No. DIN No.


MAFCO LIMITED

NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH, 2018.

NOTE 1 : SIGNIFICANT ACCOUNTING POLICIES

a) Basis of accounting and Preparation of Financial StatementsThese financial statement have been prepared and presented under the historical cost convention on

the accrual basis of accounting unless otherwise stated and comply with generally accepted accountingprinciples, statutory requirements, the Accounting Standards (AS) issued by the Institute of CharteredAccountants of India (ICAI) to the extent applicable and current practice prevailing.

All assets and liabilities have been classified as current or non-current as per the Company�s normaloperating cycle and other criteria set out in the Schedule III to the Companies Act. 2013. Based on the natureof business and the time between the acquisition of assets for processing and their realisation in cash andcash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current -non-current classification of assets and liabilities.

b) Use of EstimatesThe preparation of financial statements in conformity with generally accepted accounting principles requiresestimates and assumptions to be made that affect the reported amount of assets and liabilities on the dateof the balance sheet and reported amount of revenues and expenses during the reporting period. Differencesbetween actual results and estimates are recognised in the period in which the results are known / materialised.

c) Fixed AssetsTangible Fixed Assets are stated at cost of acquisition less accumulated depreciation and impairment

losses, if any. Cost includes all incidental expenses related to acquisition and attributed to cost of bringingthe asset to its working condition for its intended use.

d) Assets Financed out of Capital GrantsCapital grants received for creation of Fixed Assets are reduced from the cost of such Fixed Assets. A

block of such assets created out of Capital Grant is shown separately in Assets block. Unutilised CapitalGrant are shown as Reserves.

e) Depreciation and amortisationDepreciation on Tangible assets has been provided on the �Straight Line Method� as per the useful life

prescribed in Schedule II to the Companies Act. 2013. Date of Acquisition of the Asset purchased prior to01.04.2014 is assumed to be the first day of the financial year of acquisition of that asset. Cost of lease holdland used for company�s business activities is amortised over the period of lease.

The Company have not provided the salvage value of any Asset and have a policy to write off the valueof the Assets as and when its useful life gets expired.

f) Revenue recognitionRevenue is recognised on transfer of significant risks and rewards of ownership of the goods to the

buyer and there is no significant uncertainty exists as to its realisation or collection. Interest Income is recognisedon a time proportion basis. Royalty is recognised on accrual basis.

9


g) Earnings per shareBasic earnings per share is calculated by dividing the net profit or loss for the period attributable to

equity shareholders by the weighted average number of equity shares outstanding during the period and forall periods presented is adjusted for events, such as bonus shares, other than the conversion of potentialequity shares that have changed the number of equity shares outstanding, without a corresponding changein resources. For the purpose of calculating diluted earnings per share, the net profit or loss for the periodattributable to equity shareholders and the weighted average number of shares outstanding during the periodis adjusted for the effects of all dilutive potential equity shares..

h) Accounting for TaxationTax expense for the period, comprising of current tax and deferred tax, are included in the determination

of the Net profit or loss for the period. Current tax is measured at the amount expected to be paid to the taxauthorities in accordance with the taxation laws prevailing in the respective jurisdictions.

Deferred tax is recognised for all the timing difference, subject to the consideration of prudence inrespect of deferred tax assets. Deferred tax assets are recognised and carried forward only to the extent thatthere is a reasonable certainty that sufficient future taxable income will be available against which suchdeferred tax assets can be realised. Deferred tax assets and liabilities are measured using the tax rates andtax laws that have been enacted or substantively enacted by the Balance Sheet date. At each Balance Sheetdate, the Company reassesses unrecognised deferred tax assets, if any.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set offthe recognised amounts and there is an intention to settle the asset and the liability on a net basis. Deferredtax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assetsagainst liabilities representing current tax and where the deferred tax assets and the deferred tax liabilitiesrelate to taxes on income levied by the same governing taxation laws.

10

MAFCO LIMITED

Notes on Financial Statements for the year ended 31st March, 2018

The previous year figures have been regrouped / reclassified, wherever necessary to confirm tothe current year presentation.

NOTE 2 : SHARE CAPITAL

Authorized Capital6,00,000 (Previous Year 6,00,000) Equity Shares of Rs.100/- each 6,00,00,000 6,00,00,000

Issued Capital, Subscribed and Paid up5,03,573 (Previous Year 5,03,573) Equity Shares of Rs.100 each 5,03,57,300 5,03,57,300Fully paid up*

Total 5,03,57,300 5,03,57,300

As at 31stMarch 2017

`Particulars


`


(Amount in Rs.)

No. of Shares at the beginning of the year 5,03,573 5,03,573

Add:Shares issued during the year � �

No. of shares at the end of the year Total 5,03,573 5,03,573


`Particulars


`

Government of Maharashtra 5,03,573 5,03,573

% of Holding 100% 100%


`Name of the Shareholder


`

(b) Details of Shareholding

11

(a) Reconciliation of No. Of shares outstanding at the beginning and at the end of thereporting period

Of the above, Surplus to the extent of Rs.1,44,84,794 has been credited on account of MAT credit, utilizationof which is dependent on future taxable profits under normal provisions of the income Tax Act, 1961 beingmore than taxable profits as per MAT provisions under Income Tax Act, 1961. In case of situations arisingotherwise, MAT credit would not be available for utilization and would be charged to the above Surplusaccount in future years.

Surplus / (Deficit) in Statement of Profit and Loss

Opening Balance 55,60,199 2,34,73,633

Add:Profit for the period (19,74,825) (1,79,13,434)

Add:MAT Credit of Preceding Years � �

Less:Dividends proposed to be distributed to Equity Shareholders � �

Less:Tax on Dividend � �

Closing Balance 35,85,374 55,60,199

Total 35,85,374 55,60,199


`Particulars

NOTE 3 : RESERVES AND SURPLUS


`


(Amount in Rs.)

(Amount in Rs.)

12

Deferred Tax Liability arising� On difference between book balance and tax balance of fixed assets* 33,910 3,98,339

Deferred Tax Asset arising� On difference between book balance and tax balance of fixed assets* � �

Net Deferred Tax Liability / (Asset) 33,910 3,98,339


`Particulars

NOTE 4 : DEFERRED TAX LIABILITY / ASSET


`

Deposits 21,55,280 22,85,280

Income Received in Advance 70,51,775 71,26,922

Others 31,15,178 31,32,729

Total 1,23,22,233 1,25,44,931


`Particulars

NOTE 5 : OTHER LONG-TERM LIABILITIES


`

Provision of Income Tax (Net of Advance Tax) � �

Provision for Equity Dividend � �

Provision for Tax on Equity Dividend � �

Total � �


`Particulars

NOTE 7 : SHORT TERM PROVISIONS


`

Dues to MSME � �

Others 71,566 1,00,326

Total 71,566 1,00,326


`Particulars

NOTE 6 : TRADE PAYABLE


`


(Amount in Rs.)

(Amount in Rs.)

(Amount in Rs.)

(Amount in Rs.)

13

Other PayablesStatutory PayablesPayable towards TDS under Income Tax � �

Total � �


`Particulars

NOTE 8 : OTHER CURRENT LIABILITIES


`


(Amount in Rs.)

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15

Unsecured, Considered goodSecurity Deposits 1,92,488 1,92,488

Advance income tax (Net of provision for tax) 14,42,418 16,44,288

MAT Credit* 1,44,84,794 1,44,84,794

Total 1,61,19,700 1,63,21,570


`Particulars

NOTE 10 : LONG-TERM LOANS AND ADVANCES


`

Cash & Cash Equivalents:Cash on Hand (As certified by Management) 6,131 15,147

Bank Balances in:

In Current Accounts3,37,761 4,78,379

Sub-total (a) 3,43,892 4,93,526Other bank balancesBank deposits 4,97,50,000 4,25,00,000

Sub-total (b) 4,97,50,000 4,25,00,0000

Total (a) + (b) 5,00,93,892 4,29,93,526


`

Particulars

NOTE 12 : CASH AND BANK BALANCES


`

Overdue for a period exceeding six months� Unsecured, considered good: � 76,07,200

� Unsecured, considered doubtful: 3,23,754 3,23,754

Less:-Provision for doubtful debts (3,23,754) (3,23,754)

� 76,07,200Others � 64,000

Total � 76,71,200


`

Particulars

NOTE 11 : TRADE RECEIVABLES


`


(Amount in Rs.)

(Amount in Rs.)

(Amount in Rs.)

16

Interest Income On:

Fixed Deposit 32,59,124 28,68,816

Interest on Income Tax Refund 26,809 1,79,693

Others � 6,44,884

Rent Income 1,74,686 2,27,869

Royalty � 20,95,516

Miscellaneous Income 14,057 704

Liabilities no longer payable written back � 13,88,312

Total 34,74,676 74,05,794


`

Particulars

NOTE 15 : OTHER INCOME


`

Unsecured, considered good:

Prepaid expenses � �

Total � �


`Particulars

NOTE 13 : SHORT-TERM LOANS AND ADVANCES


`

Advance For Expense � 15,000

Interest Accrued on Deposits 26,368 6,70,677

Total 26,368 6,85,677


`Particulars

NOTE 14 : OTHER CURRENT ASSETS


`


(Amount in Rs.)

(Amount in Rs.)

(Amount in Rs.)

17

Interest Expenses 22,000 22,000

Bank Charges 904 1,109

Total 22,904 23,109


`Particulars

NOTE 16 : FINANCE COST


`

Accounting and Administrative Charges 18,58,080 22,42,775

Comensation to Ex-Employee 16,00,000 �

Electricity Expenses 69,507 56,768

Rent including lease rentals � 18,274

Repairs and maintenance Others � 26,371

Insurance 5,914 6,104

Rates and taxes 4,02,681 3,99,756

Books and Periodicals 1,425 1,474

Communication 20,096 31,579

Travelling and conveyance 44,633 44,242

Postage & Telegram 1,714 377

Printing and Stationery 51,138 9,811

Bad Debts � 2,16,28,953

Service Tax � 3,18,449

Interest & Late Fee for TDS Return 17,791 �

Loss on Surreder of Assets 11,56,249 �

Legal and Professional 4,51,894 3,65,142

Payment to Auditors :For Audit fees 48,960 36,000

For reimbursement of expenses � �

Miscellaneous expenses 58,494 61,113

Total 57,88,576 2,52,47,188


`

Particulars

NOTE 17 : OTHER EXPENSES


`


(Amount in Rs.)

(Amount in Rs.)

18

Profit / (Loss) attributable to Equity shareholders (Rs.) (19,74,825) (1,79,13,434)

Weighted average number of equity share (Nos.) 5,03,573 5,03,573

Basic and Diluted Earnings Per Share (Rs.) (3.92) (35.57)

Face value per Share (Rs.) 100 100


`Particulars

NOTE 18 : EARNING PER EQUITY SHARE


`

a. Claims against Company not acknowledged as debts 6,60,97,850 7,52,06,396

b. Excise demand in appeal 25,23,942 25,23,942


`

NOTE 19 : Contingent Liabilities not provided for (excluding interest liability, if any, ondisputed demands / claims)Contingent Liabilities are disclosed after a careful evaluation of the facts and legal aspects of the matterinvolved.


`Particulars


(Amount in Rs.)

(Amount in Rs.)

19


MAFCO LIMITED

NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH, 2018.

NOTE 21 : OTHER NOTES

1) Assets of the Company :The Govt. of Maharashtra had set up a High Power Committee (HPC) under the Chairmanship of

Chief Secretary, Govt. of Maharashtra has appointed SICOM as Nodal Agency for sale of Assets

under the �Asset Stripping Method� for disinvestment of Mafco Limited.

In the HPC meeting held on May 31, 2013 for lease land at Turbhe, it was decided that land be

transferred back to CIDCO, the original lessor, and CIDCO will pay the goodwill amount (based on

Ready Reckoner Rate) to Mafco Ltd. SICOM will fix the goodwill amount of the land.

MAFCO Ltd. has handed over the Possession of the Land along with Building standing thereon to

CIDCO during the FY 2015-16 (Feb 2016) for safety of land as also to avoid any encroachments

thereon.

However in the HPC meeting held on July 1, 2017 in respect of lease land at Turbhe Navi Mumbai it

was decided that the land would be surrendered back to CIDCO, the original lessor without any

consideration. The sub-lessees of Mafco Ltd. would become direct lessees of the original lessor

CIDCO.

In the said meeting, it was also decided that MAFCO Limited shall transfer its Administrative Office

Building situated at Crawford Market alongwith the land parcel on which the said building is constructed

to J. J. School of Arts without any consideration. However until the liquidation of MAFCO, it shall carry

out its administrative activites from the said building.

On 5th April, 2018, the surrender deed for returning the land at Turbhe taken on lease from CIDCO has

been executed and accounting effect for the same has been given in Financial Statements for the year

ended March 31, 2018.

Further on 28th March, 2018, possession of land parcel at Crawford Market alongwith administrative

building thereon has been handed over to J. J. School of Arts and accordingly accounting effect has

been given for the same.

2) The balances due to / from parties (including debtors, deposits, loans and advances so also creditors)

are subject to reconciliation and confirmation.

20


3) Statement of Management :a) In the opinion of the Management :

The current assets, loans and advances are good and fully recoverable and are approximately of thevalues, if realised in the ordinary, course of business. Subject to the other notes and the method ofaccounting followed by the company, provision for depreciation and for all known liabilities is adequateand not in excess of the amounts reasonably necessary. There are no contingent liabilities exceptthose stated in the notes.

b) The balance sheet and the statement of profit and loss together with notes thereon and notes to theaccounts are drawn up so as to disclose the information required under the Companies Act,2013 aswell as give a true and fair view of the statement of affairs of the company as at the end of the year andthe results of the company for the year under review.

4) In the HPC meeting held on 22.11.2016 it has been decided to accept the one time settlement offer ofRs. 85.00 lakhs given to Arabian Exports Pvt. Ltd. (AEPL) against their total outstanding of Rs. 316.81lakhs. Also the deposits of AEPL of Rs. 15.52 lakhs would be adjusted against the outstanding balanceamount of Rs. 216.29 lakhs has been accordingly written off in the books of accounts during the FY2016-17. It was also agreed in the said meeting that MAFCO Ltd. and AEPL will withdraw all the casesfiled against each other. The entire process of withdrawing cases against each other has beencompleted and order to this effect has been issued by the Mumbai High Court. Out of one timesettlement offer of Rs. 85.00 lakhs, Rs. 10.00 lakhs were directly received by MAFCO in FY 2016-17.Balance Rs. 75.00 lakhs were deposited by AEPL in Mumbai High Court and the same amount alongwith interest thereon of Rs. 6.39 lakhs has been received from Mumbai High Court in July, 2017.

5) The Company is in the process of complying with the requriements of the erstwhile Companies Act,1956 as well as the Companies Act. 2013 with regard to filing of pending Annual returns & Forms forFY 2005-06 to FY 2016-17 with the Registrar of Companies.

In terms of our report of even date



Place : MUMBAI



MAFCO LIMITED


DIN No. DIN No.

21


INDEPENDENT AUDITOR�S REPORT

To,The Members ofMAFCO Limited (A Government of Maharashtra Enterprise)Report on the Financial Statements

We have audited the accompanying financial statements of M/s. MAFCO Ltd (A Government of MaharashtraEnterprise) (�the Company�), which comprise the Balance Sheet as at March 31, 2018, the Statement ofProfit and Loss and the Cash Flow Statement for the year then ended, and a summay of significant accountingpolicies and other explanatory information.

Management's Responsibility for the Financial StatementsThe Company's board of directors is responsible for the matters stated in section 134(5) of the CompaniesAct, 2013 (�the Act�) with respect to the preparation of these financial statements that give a true and fairview of the financial position, financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India, including the Accounting Standards specified under section133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Act for safeguardingthe assets of the Company and for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design, implementation and maintenance of adequate internal financial controls, that wereoperating effectively for ensuring the accuracy and completeness of the accounting records, relevant to thepreparation and presentation of the financial statements that give a true and fair view and are free frommaterial misstatement, whether due to fraud or error.

Auditor's ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matterswhich are required to be included in the audit report under the provisions of the Act and the Rules madethereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) ofthe Act. Those Standards require that we comply with ethical requirements and plan and perform the auditto obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures inthe financial statements. The procedures selected depend on the auditor's judgement, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud or error.In making those risk assessments, the auditor considers internal financial control relevant to the Company'spreparation of the financial statements that give a true and fair view in order to design audit procedures thatare appropriate in the circumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by the Company's directors, as wellas evaluating the overall presentation of the financial statements.

22


We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the financial statements.

OpinionIn our opinion and to the best of our information and according to the explanations given to us , the

aforesaid financial statements give the information required by the Act in the manner so required and give atrue and fair view in conformity with the accounting principles generally accepted in India, of the state ofaffairs of the Company as at March 31, 2018, its loss and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2016 (�the Order�), issued by the CentralGovernment of India in terms of sub-section (11) of section 143 of the Act, we give in the �Annexure A�a statement on the matters specified in paragraphs 3 and 4 of the said Order.

2. As required by section 143(3) of the Act, we report that :

a) We have sought & obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit;

b) In our opinion proper books of account as required by law have been kept by the Company sofar as it appears from our examination of those books.

c) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with bythis Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specifiedunder section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014.

e) Since the Company is Government Company in accordance as defined under section 2(45) of the Act,Section 164(2) of the Act shall not apply to the Company as per exemption granted in Notification No.[F.No. 1/2/2014-CL.V], dated 5th June 2015.

f) With respect to the adequacy of the internal financial controls over financial reporting of the Companyand the operating effectiveness of such controls, refer to our separate Report in �Annexure B�.

g) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 ofthe Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information andaccording to the explanations given to us :

i) The Company has disclosed all the pending litigations which would impact its financial positionin Notes on Financial Statements as Note No. 19.

ii) The Company does not have any long terms contracts including derivative contracts for whichthere were any material foreseeable losses; and

23


iii) There were no amounts which were required to be transferred to the investor Education and

Protection Fund by the Company.

3 With respect to directions received from CAG u/s 143(5) vide letter dated 30th May, 2018, we state as

follows;

a) As per our examination of books of accounts and the information and explanation provided to us, there

are no cases of waiver / write off of debts / loans / interest etc. during the year.

b) As per our examination of books of accounts and the information and explanations provided to us, the

Company does not hold any inventories with any third party as on 31st March, 2018. The Company has

not received any assets as gift during the year. The Company has however maintained records of

assets received as grant in aid from Government and other authorities.

c) As per the information and explanations provided to us, position of Legal Cases as on

31st March, 2018 is as follows:

Sr. Name of the Party Suit No. Amount (Rs. StatusNo. in Lakhs)

1. Mrs. Mangala Patil 946/1989 2.00 Hearing in Progress

2. Gajria Electic Industrial TE & R Suit no 658.98 Hearing in ProgressCompany Private Limited 211/254 of

2000

II. Legal Suits filed against MAFCO Ltd

(d) We have been informed and explained that the Government of Maharashtra has decided disinvestment

of Company by sale of all assets through SICOM under Assets Stripping Method. All the Assets of the

Company including land are stated at Cost less Depreciation and have not been revalued during the

year. Details of disinvestment process are given in Note No. 21(1)(c) to the Financial Statements.

4. With respect to sector specific sub-directions received from CAG u/s 143(5) vide letter dated

30th May, 2018, we state as follows:

I. Legal Suits filed by MAFCO Ltd

Sr. Name of the Party Suit No. Amount (Rs. StatusNo. in Lakhs)

1 Ahmed Nagar Sahakari 642/1990 & 1.98 Hearing in ProgressBank Ltd. 459/2012

24


(a) As per our examination of books of accounts and the information and explanations provided to

us, the Company does not hold any inventories as on 31st March, 2018.

(b) As per the information and explanations received from the Management, the Company is not

required to disburse any loan / subsidies / agro inputs and agriculture machineries to beneficiaries.

(c) As per the information and explanations received from the Management, the Company has not

received any grants / subsidies during the year.

(d) The profit / loss as mentioned in the Audit Report is as per the statement of Profit & Loss of the

Company.

Place : MUMBAI


In terms of our report of even date

For M/s. Bagaria & Co. LLPCharterd Accountants(Firm Reg. No. 113447w/w-100019)


25


On the basis of such checks as we considered appropriate and according to the information and explanationgiven to us during the course of our audit, we report that:

1. (a) The Company has maintained proper records showing full particulars including quantitativedetails and situation of its fixed assets.

(b) As explained to us, fixed assets have been physically verified by the management at reasonableintervals; no material discrepancies were noticed on such verification.

(c) As per the information and explanations provided to us, Lands appearing in the books of accounts ofthe Company are leasehold land with valid lease agreement in the name of the Company. Buildings appearingin the books of the Company have been constructed by the Company, so question of title deeds does notarise.

2. According to the information & explanations given to us, the Company has not held any inventoryduring the year and hence paragraph 3(ii) of the Order is not applicable.

3. According to the information and explanations given to us and on the basis of our examination of thebooks of account, the Company has not granted any loans, secured or unsecured, to companies, firms orother parties listed in the register maintained under Section 189 of the Companies Act. Accordingly, theparagraph 3(iii)(a), 3(iii)(b) and 3(iii)(c) of the order are not applicable to the Company.

4. In our opinion and according to the information and explanations given to us, the Company has compliedwith the provisions of section 185 and 186 of the Companies Act, 2013 in respect of loans, investments,guarantees, and security.

5. According to the information and explanations given to us, the Company has not accepted any depositsfrom the public. Therefore, the provisions of sections 73 to 76 or any other relevant provisions of theCompanies Act and the rules framed there under are not applicable to the Company.

6. As informed to us, the Central Government has not prescribed maintenance of cost records undersection 148(1) of the Companies Act, 2013 for the Company.

7. (a) According to the information and explanations given to us and on the basis of our examination ofthe books of account, and records, the Company has generally been regular in depositing undisputedstatutory dues including Provident Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax,Service Tax, duty of customs, duty of excise, value added tax, cess to the extent applicable and any otherstatutory dues with the appropriate authorities. According to the information and explanations given to us,no undisputed amounts payable in respect of the above were outstanding as at March 31, 2018 for a periodof more than six months from the date they became payable.

(b) According to the information and explanations given to us, there are no dues of Income tax, wealth tax,service tax, sales tax, duty of customs, duty of excise, value added tax, cess which have not been depositedon account of any dispute.

�Annexure A� to the Independent Auditor's Report 31.03.2018

Nature Amount Forum where dispute is pending

Central Excise Demand 25,23,942 Central Excise & Gold Appellate Tribunal

26


8. In our opinion and according to the information and explanations given to us, the Company has notborrowed any monies from banks and financial institutions. The Company has not issued any debentures.

9. According to the information & explanation given to us, the Company has not raised any moneys byway of initial public offer or by way of term loans.

10. Based upon the audit procedures performed and the information and explanations given by theManagement, we report that no fraud by the Company or on the Company by its officers or employees hasbeen noticed or reported during the year.

11. The Company has not paid / provided for any managerial remuneration. Accordingly, paragraph 3(xi) ofthe Order is not applicable to the Company.

12. In our opinion, the Company is not a Nidhi Company Accordingly, the paragraph 3(xii) of the Order arenot applicable to the Company.

13. Based on the audit procedures performed and the information and explanations given to us alltransactions with the related parties are in compliance with section 188 of the Companies Act, 2013 and thedetails have been disclosed in the Financial Statements as required by the applicable accounting standards,Section 177 of the Companies Act, 2013 is not applicable to the Company.

14. Based upon the audit procedures performed and the information and explanations given by themanagement, the Company has not made any preferential allotment or private placement of shares or fully orpartly convertible debentures during the year under review. Accordingly, the paragraph 3 (xiv) of the Orderare not applicable to the Company.

15. Based upon the audit procedures performed and the informations and explanations given by themanagement, the Company has not entered into any non-cash transaction with directors or persons connectedwith him. Accordingly, the paragraph 3 (xv) of the Order are not applicable to the Company.

16. In our opinion the Company is not required to be registered under section 45IA of the Reserve Bank ofIndia Act, 1934 and accordingly, the paragraph 3 (xvi) of the Order are not applicable to the Company.

For M/s. Bagaria & Co. LLPCharterd AccountantsFirm Registration No. 113447w/w-100019


Place : MUMBAI


27


Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 ofthe Companies Act, 2013 (�the Act�)

We have audited the internal financial controls over financial reporting of M/s. MAFCO Limited(A Government of Maharashtra Enterprise) (�the Company�) as of March 31.2018 in conjunction withour audit of the financial statements of the Company for the year ended on that date.

Management�s Responsibility for Internal Financial ControlsThe Company�s management is responsible for establishing and maintaining internal financial controls

based on the internal control over financial reporting criteria established by the Company considering theessential components of internal control stated in the Guidance Note on Audit of Internal Financial Controlsover Financial Reporting issued by the Institute of Chartered Accountants of India. These responsibilitiesinclude the design, implementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the orderly and efficient conduct of its business, including adherence to compnay�spolicies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy andcompleteness of the accounting records, and the timely preparation of reliable financial information, asrequired under the Companies Act, 2013.

Auditor�s ResponsibilityOur responsibility is to express an opinion on the Company�s internal controls over financial reporting

based on our aduit. We conducted our audit in accordance with the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting (the �Guidance Note�) and the Standards on Auditing, issuedby ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extentapplicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controlsand, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Noterequire that we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether adequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the interalfinancial controls system over financial reporting and their operating effectiveness. Our audit of internalfinancial controls over financial reporting included obtaining an understanding of internal financial controlsover financial reporting, assessing the risk that a material weakness exists, and testing and evaluating thedesign and operating effectiveness of internal control based on the assessed risk. The procedure selecteddepend on the auditor�s judgement, including the assessment of the risks of material misstatement of thefinancial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisfor our audit opinion on the Company�s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial ReportingA Company�s internal financial control over financial reporting is a process designed to provide

reasonable assurance regarding the reliability of financial reporting and the preparation of financial statementsfor external purposes in accordance with generally accepted accounting principles. A company�s internalfinancial control over financial reporting includes those policies and procedures that :

�Annexure B� to the Independent Auditor's Report 31.03.2018

28


(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the

transactions and dispositions of the assets of the company.

(2) Provide reasonable assurance that transactions are recorded as necessary to permit preparation

of financial statements in accordance with generally accepted accounting principles, and that

receipts and expenditures of the company are being made only in accordance with authorizations

of management and directors of the company; and

(3) Provide reasonable assurance regarding prevention or timely detection of unauthorized

acquisition, use, or disposition of the company�s assets that could have a material effect on the

financial statements.

Inherent Limitations of Internal Financial Controls over Financial ReportingBecause of the inherent limitations of internal financial controls over financial reporting, including the

possibility of collusion or improper management override of controls, material misstatements due to error or

fraud may occur and not be detected. Also projections of any evaluation of the internal financial controls over

financial reporting to future periods are subject to the risk that the internal financial control over financial

reporting may become inadequate because of changes in conditions, or that the degree of compliance with

the policies or procedures may deteriorate.

OpinionIn our opinion, the Company has, in all material respects, an adequate internal financial controls

system over financial reporting and such internal financial controls over financial reporting were operating

effectively as at March 31, 2018, based on the internal control over financial reporting criteria established by

the Company considering the essential components of internal control stated in the Guidance Note on Audit

of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of

India.

For M/s. Bagaria & Co. LLPCharterd AccountantsFirm Registration No. 113447w/w-100019


Place : MUMBAI


47Jee Jeeef

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