PMC Projects 2016 Annual Report.pdf

PMC PROJECTS (INDIA) PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2015 to 31/03/2016
[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Name of company
PMC PROJECTS (INDIA)
PRIVATE LIMITED
Corporate identity number U45202GJ2005PTC045974
Permanent account number of entity AADCP5841L
Address of registered office of company
AMDC BUILDING, AT
SHANTIGRAM NEAR
VAISHNODEVI CIRCLE , S.G.
HIGHWAY , Ahmedabad
Ahmedabad , GUJARAT ,
INDIA - 382421
Type of industry
C o m m e r c i a l a n d
Industrial
Date of board meeting when final accounts were approved 31/08/2016
Date of start of reporting period 01/04/2015 01/04/2014
Date of end of reporting period 31/03/2016 31/03/2015
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
relevant books and papers in electronic form
Yes
Complete postal address of place of maintenance of computer
servers (storing accounting data)
A M D C , N r
S h a n t i g r a m , N r
Vaishnodevi Circle, SG
Highway, Ahmedabad – 382
421
Name of city of place of maintenance of computer servers (storing
accounting data)
Ahmedabad
Name of state/ union territory of place of maintenance of
computer servers (storing accounting data)
Gujarat
Pin code of place of maintenance of computer servers (storing
accounting data)
382 421
Name of district of place of maintenance of computer servers
(storing accounting data)
Ahmedabad
ISO country code of place of maintenance of computer servers
IN
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
servers (storing accounting data)
079-25556500

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PMC PROJECTS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2015 to 31/03/2016
Disclosure of principal product or services [Table] ..(1)
Types of principal product or services [Axis] 1
01/04/2015
to
31/03/2016
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9983
Description of product or service category
O T H E R
PROFESSIONAL,
TECHNICAL AND
BUSINESS
SERVICES
Turnover of product or service category 348,02,77,665.52
Highest turnover contributing product or service (ITC 8 digit) code 99833233
Description of product or service
Engineering
services for marine
and inland ports
primarily used for
transportation
purposes
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)
Directors signing board report [Axis] 1
01/04/2015
to
31/03/2016
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Phani Kumar
Middle name of director Venkata
Last name of director Uppalapati
Designation of director Director
Director identification number of director 02492898
Date of signing board report 31/08/2016
Details of shareholding of promoters [Table] ..(1)
Promoters [Axis] 1
01/04/2015
to
31/03/2016
31/03/2015
Total number of shares held at end of period [shares] 31,53,861 [shares] 31,53,861
Percentage of total shares held at end of period 100.00% 100.00%
Percentage of change in shares held during year 0.00%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Shareholder’s name
PMC Infra Ltd,
Mauritius
Percentage of shares pledged/encumbered to total shares at end of period 0.00% 0.00%
Percentage of change in shares held during year 0.00%

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Details of shareholding pattern [Table] ..(1)
Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2015
to
31/03/2016
31/03/2015
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Total number of shares held at end of period [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Percentage of total shares held at end of
period
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
Details of shareholding pattern [Table] ..(2)
Shareholding pattern [Axis] Foreign [Member] Foreign corporate bodies [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2015
to
31/03/2016
31/03/2015
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 31,53,861 [shares] 31,53,861
[shares]
31,53,861
(A) [shares] 31,53,861
[shares]
31,53,861
[shares] 31,53,861
[shares]
31,53,861
[shares] 31,53,861
[shares]
31,53,861
[shares] 31,53,861
period
100.00% 100.00% 100.00% 100.00%
[shares]
31,53,861
[shares] 31,53,861
[shares]
31,53,861
[shares] 31,53,861
period
100.00% 100.00% 100.00% 100.00%
Footnotes
(A) It includes 1 share held by nominee on behalf of PMC Infra Limited

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Particulars of holding, subsidiary and associate companies [Table] ..(1)
Particulars of companies [Axis] 1
01/04/2015
to
31/03/2016
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Name of company PMC Infra Ltd
Address of company
Suite 501, St James
Court, St Denis
Street, Republic of
Mauritius
Country of incorporation of company MAURITIUS
Percentage of shares held 100.00%
Applicable section 2(46)

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01/04/2015
to
31/03/2016
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
Description of state of companies affair NA
Disclosure relating to amounts if any which is proposed to carry to any
reserves
[See below]
Disclosures relating to amount recommended to be paid as dividend
[See below]
Details regarding energy conservation
Conservation of
E n e r g y A l l t h e
possible steps have been
taken by your Company to
achieve the objectives
of energy conservation.
Details regarding technology absorption
T e c h n o l o g y
Absorption All the
possible steps have been
taken by your Company to
achieve the objectives
o f t e c h n o l o g y
absorption.
Details regarding foreign exchange earnings and outgo
Foreign Exchange Earning
a n d O u t g o T h e
details of foreign
earnings and outgo are set
out in note 32 of notes to
the financial statements
for the year ended 31st
March, 2016.
Disclosures in director’s responsibility statement
[See below]
Details of material changes and commitment occurred during period
affecting financial position of company
As Below
Particulars of loans guarantee investment under section 186 [TextBlock]
[See below]
Particulars of contracts/arrangements with related parties under section
188(1) [TextBlock]
[See below]
Whether there are contracts/arrangements/transactions not at arm's
length basis
No
Whether there are material contracts/arrangements/transactions at
arm's length basis
No
Disclosure of extract of annual return as provided under section 92(3)
[TextBlock]
[See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock]
NA
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
NA
Disclosure of statement on development and implementation of risk
management policy [TextBlock]
[See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year
[TextBlock]
[See below]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock]
[See below]
Disclosure of change in nature of business [TextBlock]
NA
Details of directors or key managerial personnels who were
appointed or have resigned during year [TextBlock]
[See below]

6
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during
year [TextBlock]
NA
Details relating to deposits covered under chapter v of companies act
[TextBlock]
NA
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock]
NA
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
[See below]
Details regarding adequacy of internal financial controls with
reference to financial statements [TextBlock]
[See below]
Disclosure of appointment and remuneration of managerial personnels
[TextBlock]
A S
BELOW
Statement showing details of employees of company under
rule 5(2) and (3) of companies appointment and
remuneration of managerial personnels rules 2014
[TextBlock]
[See below]
Number of meetings of board [pure] 9

7
Disclosure in board of directors report explanatory [Text Block]
Dear Shareholders,
Your Directors are pleased to present the 11th Annual Report along with the audited financial statements of your Company for the financial
year ended on 31st March, 2016.
Status of Scheme of Arrangement:
During the year under review, the Board of Directors at its meeting held on 22nd March, 2016 had approved the Scheme of Arrangement and
consequential restructuring and reorganization of share capital between the Company and Howe Engineering Projects (India) Private Limited
(Howe) and their respective shareholders and creditors for demerger of its Engineering Consultancy Undertaking and EPC Undertaking and
its vesting into Howe.
The Scheme, with effect from 1stApril, 2016 being the Appointed Date, inter alia, provided for Demerger of the Undertakings of Company
comprising the undertaking, businesses, activities, operations, assets (moveable and immoveable) and liabilities pertaining to the Engineering
Consultancy Undertaking and EPC Undertaking into Howe.
The Hon’ble High Court ofGujarat had vide its order dated 6thMay, 2016 sanctionedthe Scheme of Arrangement between Company and
Howe and theirrespective shareholders and creditors.
Upon the Scheme coming into effect from 1st June, 2016, the equity shareholders of Company whose name appear in the Register of
Members of Company as on 1st June, 2016 being the Record date fixed by Company for the purpose of reckoning names of the equity
shareholders of Company were entitled for shares of Howe in the ratio of 1 (one) equity share of Rs. 10/- each of Howe for every 5 (five)
equity shares of Rs. 10/- each of the Company.
Further, pursuant to the schemeof arrangement the issued, subscribed and paid-up equity share capital of Company is reducedproportionately
and the Company has issued new share certificates to its existing shareholders upon cancellation of the existing share certificates.
Reduction of Share Capital:
Pursuant to the Scheme of Arrangement duly sanctioned by the Hon’ble High Court of Gujarat vide its order dated 6th May, 2016, the share
capital of Company is reduced from equity shares 31,53,861 of Rs. 10/- each to equity shares 28,38,474 of Rs. 10/- each.

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Fixed Deposits:
During the year under review, your Company has not accepted any fixed deposits within the meaning of Section 73 of the Companies Act,
2013 read with rules made thereunder.
Number of Board Meetings:
During the year under review, Board met ninetimes on 9th April, 2015, 30th June, 2015, 2ndSeptember, 2015, 1st October, 2015,
9thNovember, 2015, 27th November, 2015, 20th January, 2016, 12th February, 2016 and 22nd March, 2016. The maximum time gap
between any two meetings is not more than 120 days.
The attendance of each Director at the Board Meetings held during the year is as under:
Name of Directors Meetings
Held Attended
Mr. U. V. Phani Kumar 9 9
Mr. Kailash Varma1 9 9
Mr. Pijush Bhattacharjee2 1 1
1Appointed as directors w.e.f 09.04.2015 2Resigned as director w.e.f 10.04.2015
Insurance:
The Company has taken appropriate insurance for all assets against foreseeable perils.
Prevention of Sexual Harassment at Workplace:
During the year under review there was no complaints pertaining to sexual harassment.
Auditors & Auditors’ Report:

9
Pursuant to the provisions of Section 139 of the companies Act, 2013 read with rules made thereunder, M/s. Shah Dhandharia & Co.,
Chartered Accountants, Ahmedabad (Firm Registration No. 118707W), were appointed as statutory auditors of the Company to hold office
till the conclusion of the Annual General Meeting (AGM) of the Company to be held in the calendar year 2019, subject to ratification of their
appointment at every AGM. Accordingly, the appointment of M/s. Shah Dhandharia & Co., Chartered Accountants as Statutory Auditors of
the Company is placed for ratification by the Shareholders. In this regard, the Company has received a certificate from the auditors to the
effect that if they are re-appointed, it would be in accordance with the provisions of Section 141 of the Companies Act, 2013.
Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore do not call for any comments under
Section 134 of the Companies Act, 2013.
Acknowledgement:
Your Directors would like to express their sincere appreciation for assistance and co-operation received from financial institutions, banks,
Central & State Government authorities and all other personnel.
Disclosure relating to amounts if any which is proposed to carry to any reserves
Due to non-availability of distributable profits, your Directors express their inability to recommend any dividend for the financial year under
review. In view of the same, the directors do not propose to carry any amount to reserves.
Disclosures relating to amount recommended to be paid as dividend
Dividend: Due to non-availability of distributable profits, your Directors express their inability to recommend any dividend for the financial
year under review. In view of the same, the directors do not propose to carry any amount to reserves.
Disclosures in director’s responsibility statement
Directors’ Responsibility Statement: Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their
knowledge and ability, state the following: a. that in the preparation of the annual financial statements, the applicable accounting
standards have been followed along with proper explanation relating to material departures, if any; b. that such accounting policies have
been selected and applied consistently and judgement and estimates have been made that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as at 31st March, 2016 and of the loss of the Company for the year ended on that date; c.
that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d. that
the annual financial statements have been prepared on a going concern basis; e. that proper systems to ensure compliance with the
provisions of all applicable laws were in place and were adequate and operating effectively.

10
Particulars of loans guarantee investment under section 186 [Text Block]
Particulars of loans, guarantee or investment:
The Company has not given any guarantee or made any investment during the year under review. The details of loan given by the Company
during the year under review are disclosed in the financial statements.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Related Party Transactions:
Suitable disclosure as required by the Accounting Standards (AS18) has been made in the notes to the Financial Statements.

11
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Extract of Annual Return:
The details forming part of the extract of the Annual Return in Form MGT-9 is annexedwhich forms part of this Report.
ANNEXURE TO DIRECTORS' REPORT
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
as on the financial year ended 31stMarch, 2016
[Pursuant to Section 92(3) of the Companies Act, 2013, and Rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
I. Registration and other details:
CIN : U45202GJ2005PTC045974
Registration Date : 3rd May, 2005
Name of the Company : PMC Projects (India) Private Limited
Category / Sub-Category of the Company : Company limited by share
Address of the Registered office and contact details :
AMDC Building, At Shantigram,
Near Vaishnodevi Circle, S.G. Highway,
Ahmedabad-382421, Gujarat
Phone No. +91-79-25556500
Whether listed company : No
Name, Address and Contact details of Registrar and Transfer Agent, if any : N.A.

12
II. Principal business activities of the Company:
All the business activities contributing 10% or more of the total turnover of the company shall be stated:
Name and description of mainProducts/Services
NIC Code of the Product/
service
% to total turnover of the
company
Construction/erection and maintenance of power, telecommunication and
transmission lines
Sub-Class 42909 55%
Architectural and engineering activities and related technical consultancy Sub-Class 71100 24%
Wholesale of metals and metal ores Sub-Class 46620 21%
III. Particularsof Holding, Subsidiary and Associate Companies:
Name and address of the Company CIN/GLN Holding/ Subsidiary/ Associate % of shares held Applicable Section
PMC Infra Limited, Mauritius Foreign Company Holding Company 100% 2(46)
IV. Share holding pattern (equity share capital breakup as percentage of total equity as on 31st March, 2016)
i) Category-wise shareholding
Category of Shareholders
No of Shares
held at the
beginning of
the year
No. of
Shares
held at
the end of
the year
%
Change
during
the
year
Demat Physical
Total
% of
total
Shares
Demat Physical
Total
% of
total
Shares

13
A. Promoter
1 Indian
a)
Individuals/
HUF
-- -- -- -- -- -- -- -- --
b) Central Govt. -- -- -- -- -- -- -- -- --
c) State Govt. -- -- -- -- -- -- -- -- --
d) Bodies Corporate -- -- -- -- -- -- -- -- --
e) Banks/FI -- -- -- -- -- -- -- -- --
f) Any Others -- -- -- -- -- -- -- -- --
Sub Total(A)(1) -- -- -- -- -- -- -- -- --
2 Foreign
a) NRIs-Individuals -- -- -- -- -- -- -- -- --
b) Other-Individuals -- -- -- -- -- -- -- -- --
c) Bodies Corporate* -- 3153861 3153861 100% -- 3153861 3153861 100% Nil
d) Banks/FI -- -- -- -- -- -- -- -- --
e) Any Other -- -- -- -- -- -- -- -- --
Sub Total(A)(2) -- 3153861 3153861 100% -- 3153861 3153861 100% Nil
TotalShareholding
of Promoter and
Promoter Group
(A)= (A)(1)+(A)(2)
-- 3153861 3153861 100% -- 3153861 3153861 100% Nil
B. Public shareholding
1 Institutions
a) Mutual Funds/ UTI -- -- -- -- -- -- -- -- --
b) Banks/FI -- -- -- -- -- -- -- -- --

14
c) Central Govt. -- -- -- -- -- -- -- -- --
d) State Govt. -- -- -- -- -- -- -- -- --
e) Venture Capital Funds -- -- -- -- -- -- -- -- --
f) Insurance Companies -- -- -- -- -- -- -- -- --
g) FII -- -- -- -- -- -- -- -- --
h)
Foreign Venture Capital
Funds
-- -- -- -- -- -- -- -- --
i) Any Other -- -- -- -- -- -- -- -- --
Sub-Total (B)(1)
2 Non-institutions
a) Bodies Corporate -- -- -- -- -- -- -- -- --
I Indian -- -- -- -- -- -- -- -- --
Ii Overseas -- -- -- -- -- -- -- -- --
b) Individuals -- -- -- -- -- -- -- -- --
I
Individuals shareholders
holding nominal share
capital up to Rs 1 lakh
-- -- -- -- -- -- -- -- --
ii
Individual shareholders
holding nominal share
capital in excess of Rs. 1
lakh.
-- -- -- -- -- -- -- -- --
c) Other (specify) -- -- -- -- -- -- -- -- --
Sub-Total (B)(2) -- -- -- -- -- -- -- --
TotalPublic
Shareholding
(B)= (B)(1)+(B)(2)
-- -- -- -- -- -- -- -- --
C.
Shares held by Custodians
for GDRs & ADRs
-- -- -- -- -- -- -- -- --
GRAND TOTAL
(A)+(B)+(C)
-- 3153861 3153861 100% -- 3153861 3153861 100% Nil

15
* Shares held by PMC Infra Ltd including one nominee.
ii)Shareholdingof Promoter:
Shareholder’s
Name Shareholding at the
beginning of the year
Shareholding at
the end of the year
% Change in
shareholding during
the year
No. of Shares
% of total shares of
the company
% shares pledged/
encumbered to total
shares
No. of
Shares % of total shares
of the company
% shares pledged/
encumbered to total
shares
PMC Infra
Limited *
3153861 100% -- 3153861 100% -- Nil
Total 3153861 100% -- 3153861 100% -- Nil
* Shares held by PMC Infra Ltd including one nominee.
iii) Change in Promoters’ Shareholding
Shareholding at the
beginning of the
year
Cumulative
Shareholding during
the year
No. of Shares
the Company
No. of
Shares
the Company
At the beginning of the year
No change during
the year
Date wise Increase / Decrease in Promoters Shareholding during the year specifying
the reasons for increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):
No change during
the year
At the end of the year
No change during
the year
iv)ShareholdingPattern of top ten Shareholders (other than Directors, Promoters and Holders of GDR and ADRs):

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For each of the Top 10 Shareholder
Shareholding at the
Shareholding at
the end of the
year
No. of Shares
the Company
No. of
Shares
% of total shares
of the Company
Nil
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the
reasons for increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):
(v)Shareholding of Directors and Key Managerial Personnel
For each of the Directors and KMP
Shareholding at the
Shareholding at
the end of the
year
No. of Shares
the Company
No. of
Shares
% of total shares
of the Company
Nil*
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the
reasons for increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):
* Mr. Ashwin Modi, Directorholding 1share as nominee of PMC Infra Ltd
V. Indebtedness:

17
Indebtedness of the Company including interest outstanding/accrued but notdue for payment
(Rs. In Crores)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits Total
Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - 359.38 - 359.38
ii) Interest due but not paid - 70.88 - 70.88
iii) Interest accrued but not due - 69.49 - 69.49
Total (i+ ii+ iii) - 499.75 - 499.75
Change in Indebtedness during the financial year
· Addition - - - -
· Reduction - 359.38 - 359.38
Net Change - 359.38 - 359.38
Indebtedness at the end of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ ii+ iii) - - - -
Note: Change in Indebtedness during the financial year does not include interest amount.
VI. Remuneration of Directors and Key Managerial Personnel:
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

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(Rs. in Lacs)
Sr No
Particulars of
Remuneration
U. V. Phani
Kumar
KaliashVarma
Total
Amount
1 Gross salary
a) Salary as per provisions contained in section 17(1) of the
Income-tax Act, 1961
123.92 45.44 169.36
b) Value of perquisites u/s 17(2) Income-tax Act, 1961 2.66 2.62 5.28
c) Profits in lieu of salary under section 17(3) Income-tax Act,
1961
-- --
2 Stock Option -- --
3 Sweat Equity -- --
4 Commission
- as % of profit -- --
- others, specify -- --
5
Others-contribution towards
PF etc.
5.89 2.42 8.31
Total 132.47 50.48 182.95
Ceiling as per the Act
B. Remunerationto other Directors:
Sr No Particulars of Remuneration Director Total Amount
1 Independent Directors - -
a) Fee for attending board committee meetings - -
b) Commission - -
c) Others, please specify - -

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Total (1) - -
2 Other Non-Executive Directors - -
a) Fee for attending board committee meetings - -
b) Commission - -
c) Others, please specify - -
Total (2) - -
Total (B)= (1+2) - -
C. Remuneration to key managerial personnel other than MD/Manager/WTD
Sr No Particulars of Remuneration KMP Total Amount
1 Gross salary
d) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 -- --
e) Value of perquisites u/s 17(2) Income-tax Act, 1961 -- --
f) Profits in lieu of salary under section 17(3) Income-tax Act, 1961 -- --
2 Stock Option -- --
3 Sweat Equity -- --
4 Commission -- --
- as % of profit -- --
5 Others, please specify -- --
Total -- --
VII. Penalties / Punishment/ Compounding of Offences:

20
Type
Section of the
Companies Act
Brief
Description
Details of penalty/ punishment/
compounding fees imposed
Authority
[RD /NCLT/
COURT]
Appeal made, if any
(give details)
A. Company
Penalty
None
Punishment
Compounding
B. Directors
Penalty
None
Punishment
Compounding
C. Other Officers
in default
Penalty
None
Punishment
Compounding

21
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management:
Your Company has a formal risk assessment and management system which identifies risk areas, evaluates their consequences, initiates risk
mitigation strategies and implements corrective actions where required.

22
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responsibility Committee:
The Company has constituted Corporate Social Responsibility (CSR) Committee on 9th November, 2015. The present members of the
Committee comprises of Mr. U. V. Phani Kumar and Mr. Kailash Varma.
During the year under review, committee met two times on 27th November, 2015 and 1st February, 2016.
The details of attendance of the members at the committee meetings held during the year ae as under:
Name of Members Meetings
Held Attended
Mr. U. V. Phani Kumar 2 2
Mr. Kailash Varma 2 2
The Company has identified Primary Education, Community Health, Sustainable Livelihood Development and Rural Infrastructure
Development as the core sectors for CSR. The role and functions of the CSR Committee are in conformity with the requirements of Section
135 of the Companies Act, 2013 read with rules made thereunder. The Annual Report on CSR activities are annexed which forms part of this
report.
ANNEXURE TO DIRECTORS REPORT
ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES FOR THE FINANCIAL YEAR 2015-16 AS
PER SECTION 135 OF THE COMPANIES ACT, 2013
1. A brief outline of the Companys CSR policy, including overview of projects or programmes proposed to be undertaken and a reference
to the web-link to the CSR policy and projects or programmes:

23
The Company has framed Corporate Social Responsibility (CSR) Policy which encompasses its philosophy and guides its sustained efforts
for undertaking and supporting socially useful programs for the welfare & sustainable development of the society.
The Company carried out/get implemented its CSR activities/projects through Adani Foundation. The Company has identified Primary
Education, Community Health, Sustainable Livelihood Development and Rural Infrastructure Development as the core sectors for CSR
activities.
2. Composition of the CSR Committee:
Mr. U. V. Phani Kumar, Chairman
Mr. Kailash Varma, Member
3. Average net profit of the Company for last three financial years: Rs. 27.80lacs.
4. Prescribed CSR Expenditure (two percent of the amount as in item 3 above):
Rs. 55,592
5. Details of CSR spend for the financial year:
a) Total amount spent for the financial year 2015-16: Rs. 57,500
b) Amount unspent, if any: Nil
c) Manner in which the amount spent during the financial year is detailed below: Details are as under-
(Rs. in Lacs)
1 2 3 4 5 6 7 8
S
CSR project or activity
Sector in
which the Projects
Amount outlay
(budget)
Amount
spent on the
Cumulative
expenditure
Amount

24
N identified. Project is
covered.
or
programs
project or
programs wise
projects or
programs
upto to
reporting
period.
spent:
(1) Local area or other
Direct or through
implementing agency
(2) Specify the State
and district where
projects or programs was
undertaken.
Sub-heads:
(1) Direct expenditure
on projects or programs.
(2)Overheads
1
Camp & support to
malnourished Children,
Adolescent Girl, Pregnant &
Lactating Women
Community
Health
Hazira,
Gujarat
0.29 0.265 0 0.265
Through
Adani
Foundation
2
Community Engagement
Activities
Community
Health
Hazira,
Gujarat
0.30 0.31 0 0.31
Through
Adani
Foundation
6. In case the company has failed to spend the two percent of the average net profit of the last three financial years or any part thereof, the
Company shall provide the reasons for not spending the amount in its Board Report: Not applicable
7. We hereby affirm that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and policy of the
company.
U. V. Phani Kumar Kailash Varma
Chairman, CSR Committee Director
DIN: 02492898 DIN: 07153620

25

26
Disclosure of financial summary or highlights [Text Block]
Financial Highlights:
The financial highlights of your Company for the year ended 31st March, 2016 is depicted below:
(Rs. in Crore)
Particulars 31.03.2016 31.03.2015
Revenue from Operations 442.97 679.20
Other Income 14.87 48.20
Total Revenue 457.84 727.40
Purchases of Traded Goods 77.12 228.31
Sub-contracting Expense 205.05 167.99
Employee benefits expenses 77.93 71.35
Finance Cost 40.02 89.16
Depreciation and amortization expense 3.54 4.98
Other expenses 77.04 119.53
Total Expenses 480.71 681.32
Profit / (Loss) Before Tax (22.86) 46.08
Tax expense - 0.17
Profit / (Loss) for the year (22.86) 45.91
Profit / (Loss) from continuing operations after before tax (20.12) 40.87
Profit / (Loss) from discontinuing operations before tax (2.75) 5.22
Tax expense - 0.17

27
Profit / (Loss) from discontinuing operations after tax (2.75) 5.04
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Directors:
During the year under review, Mr. K. K. Mishra (DIN: 00114758) was appointed as an Additional Director (Non-Executive, Independent) of
the Company w.e.f27th November, 2015. He resigned as Director of the Company w.e.f 18thJanuary, 2016.
Mr. Ashwin Modi (DIN: 07605305) was appointed as an Additional Director of the Company w.e.f31st August, 2016 to hold office upto the
ensuing Annual General Meeting. Board welcomes him and looks forward to his valued contribution to your Company.
The Board of Directors at its meeting held on 31stAugust, 2016 appointed Mr. Ashwin Modi as Directorwho is in whole-time employment of
the Company for a period of three years w.e.f31stAugust, 2016.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern
status and company’s operations in future [Text Block]
Significant and material orders passed by the regulators or courts or tribunals impacting the going concern status of the Company:
There are no significant and material orders passed by the Regulators or Courts or Tribunals which would impact the going concern status
and the Company’s future operations.

28
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Internal financial control systems and their adequacy:
The Company has an internal control system, commensurate with the size, scale and complexity of its operations. The Internal Auditor
monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems,
accounting procedures and policies of the Company.

29
Statement showing details of employees of company under rule 5(2) and (3) of companies appointment and
remuneration of managerial personnels rules 2014 [Text Block]
Particulars of Employees
The information required under Section 197 of the Companies Act, 2013 read with rule 5 of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 are provided in separate annexure which forms part of this Report.
ANNEXURE TO DIRECTOR’S REPORT
Information required under Section 197 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 and forming part of the Directors’ Report for the year ended 31st March, 2016
A.Employed for the full year and in receipt of remuneration above Rs. 60 Lacs per annum.
(Rs. in Lacs)
SN Name
Age
(yrs)
Designation
Gross
Remuneration
Qualification
Experience
(Yrs.)
Date of
joining
Previous Employment
1
Mr. U. V. Phani
Kumar
45
Chief Executive
Officer
132.47
B.E. (Mech.),
PGDTQM, MBA
22 18/01/2013
Elecon Engineering Projects
Ltd.
2
Mr. Pemmaraju
V Rao
53
Sr. Vice
President
78.86 BE (Civil) 32 10/06/2013
IL & FS Engineering &
Construction Co. Ltd
3 Mr. Sridhar K 53 Vice President 77.59 MBA 30 18/07/2011
Gammon Infrastructure
Projects Ltd
4
Mr. Vinay
Singhal
47 Vice President 73.27
BE (Civil),
BITS Pilani
24 20/11/2007 Rewas Ports Ltd (Reliance)
5
Mr. Ramesh
Bhatia
60
Sr. Vice
President
61.99 BE & PGDMA 32 01/07/2014 Adani Mining Pty Ltd
B.Employed for the part of the year and in receipt of remuneration above Rs. 5 Lacs per month.

30
(Rs. in Lacs)
SN Name
Age
(yrs)
Designation
Gross
Remuneration
Qualification
Experience
(Yrs.)
Date of
joining
Previous Employment
1
Mr.
PijushBhattacharjee
54
Sr. Vice
President
42.88 ME (Civil) 33 07/04/2010
Sandvik Asia Pvt.
Ltd.
2 Mr. Sanjiv Kothari 55
Sr. Vice
President
25.30
BE, CA, MBA &
LLB
33 09/11/2015 Adani Group
Note:
1. Remuneration as above includes Salary, Contribution to Provident and other funds and other perquisites.
2. The nature of employment is contractual in all the above cases.
3. None of the employees is related to any Director of the Company.
4. No individual employee is holding equivalent to or more than 2% of the outstanding shares of the Company as on 31st March, 2016.
For PMC Projects (India) Private Limited
U. V. Phani Kumar
Chairman
(DIN: 02492898)

31
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
Clause not
applicable
[Member]
01/04/2015
to
31/03/2016
01/04/2015
to
31/03/2016
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets
Textual information
(15) [See below]
Disclosure in auditors report relating to inventories
Textual information
(16) [See below]
Disclosure in auditors report relating to loans
Textual information
(17) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of
Companies Act, 2013
Textual information
(18) [See below]
Disclosure in auditors report relating to deposits accepted
Textual information
(19) [See below]
Disclosure in auditors report relating to maintenance of cost records
Textual information
(20) [See below]
Disclosure in auditors report relating to statutory dues [TextBlock]
Textual information
(21) [See below]
Disclosure in auditors report relating to default in repayment of financial dues
Textual information
(22) [See below]
Disclosure in auditors report relating to public offer and term loans used for
purpose for which those were raised
Textual information
(23) [See below]
Disclosure in auditors report relating to fraud by the company or on the
company by its officers or its employees reported during period
Textual information
(24) [See below]
Disclosure in auditors report relating to managerial remuneration
Textual information
(25) [See below]
Disclosure in auditors report relating to Nidhi Company
Textual information
(26) [See below]
Disclosure in auditors report relating to transactions with related parties
Textual information
(27) [See below]
Disclosure in auditors report relating to preferential allotment or private
placement of shares or convertible debentures
Textual information
(28) [See below]
Disclosure in auditors report relating to non-cash transactions with directors
or persons connected with him
Textual information
(29) [See below]
Disclosure in auditors report relating to registration under section 45-IA of
Reserve Bank of India Act, 1934
Textual information
(30) [See below]

32
Details regarding auditors [Table] ..(1)
Auditors [Axis] 1
01/04/2015
to
31/03/2016
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm
S H A H
DHANDHARIA &
Co.
Name of auditor signing report
Dhandharia Pravin
Rajendraprasad
Firms registration number of audit firm 118707W
Membership number of auditor 115490
Address of auditors
B/302, ANAND
VIEW SOC., NR
SHAHIBAUG
RLY. CROSS.,
Ahmedabad –
380004
Permanent account number of auditor or auditor's firm AAGFM7049H
SRN of form ADT-1 C27179761
Date of signing audit report by auditors 31/08/2016
Date of signing of balance sheet by auditors 31/08/2016
01/04/2015
to
31/03/2016
Disclosure in auditor’s report explanatory [TextBlock]
[See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
No
Disclosure in auditors report relating to fixed assets
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b)
As explained to us, fixed assets, according to the practice of the Company, are physically verified by the management at reasonable intervals,
in a phased verification programme, which, in our opinion, is reasonable, looking to the size of the Company and the nature of its business.
(c) According to the information and explanations given to us and representations made by the Management, the Company does not have
any immovable property except temporary structures. Accordingly the provisions of paragraph 3 (i) (c) of the Order are not applicable.
Disclosure in auditors report relating to inventories
(a) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is
reasonable. (b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in
relation to the size of the company and the nature of its business. (c) On the basis of our examination of the record of inventories, we
are of the opinion that, the company is maintaining proper records of inventories. Discrepancies noticed in physical verification of
inventories as compared to book record were not material and have been properly dealt with in books of account.
Disclosure in auditors report relating to loans
According to the information and explanation given to us and the records produced to us for our verification ,the company has not granted
loans to any Body corporate or other parties covered in the register maintained under section 189 of the Companies Act, 2013 (the Act).
Accordingly the provisions of paragraph 3 (iii) (a) to (c) of the Order are not applicable.

33
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
Accordingto the information and explanations given to us and representations made by the Management, the Company has not done any
transactions covered under section 185 and 186 in respect of loans, investments, guarantees and security. Accordingly the provisions of
paragraph 3 (iv) of the Order are not applicable.
Disclosure in auditors report relating to deposits accepted
In our opinion and according to the information and explanation given to us, the Company has not accepted any deposits from the public and
hence the directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act
and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits accepted from the public are not applicable.
Accordingly, the provisions of clause 3 (v) of the Order are not applicable to the Company.
Disclosure in auditors report relating to maintenance of cost records
We have broadly reviewed the cost records maintained by the Company pursuant to the Companies (Cost Accounting Records) rules 2011
prescribed by the Central Government under section 148(1) of the Companies Act, 2013 in respect of the company’s Transmission Lines
division and are of the opinion that prima facie the prescribed cost records have been made and maintained. However, we have not made a
detailed examination of the cost records with a view to determine whether they are accurate or complete.

34
Disclosure in auditors report relating to statutory dues [Text Block]
(a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts
deducted/ accrued in the books of account in respect of undisputed statutory dues including income tax, sales tax, service tax, duty of
customs, value added tax, cess, provident fund, employees state insurance and other material statutory dues have been regularly deposited
during the year by the Company with the appropriate authorities generally. As explained to us, the Company did not have any dues on
account of duty of excise.
According to the information and explanations given to us, no undisputed amounts payable in respect of all material statutory dues as
mentioned above were in arrears as at 31 March 2016 for a period of more than six months from the date they became payable.
(b)According to the information and explanations given to us, there are no material dues of wealth tax, duty of customs and cess which have
not been deposited with the appropriate authorities on account of any dispute. However, according to information and explanations given to
us, the following dues of income tax and service tax have not been deposited by the Company on account of disputes:
Name of the
Statute
Nature of the dues
Amount
(inRs.)
Period to which the amt relates (financial
year)
Forum where dispute is
pending
Service Tax Act Service Tax 17,85,101 2005-06
Superintendent of Service
Tax
Service Tax Act Penalty 35,72,202 2005-06
Superintendent of Service
Tax
Income Tax Act
Income Tax plus Interest and
penalty
1,24,78,760 2010-11
Commissioner of Income
Tax
Disclosure in auditors report relating to default in repayment of financial dues
The Company has not taken any loan either from banks, financial institutions or from the government and has not issued any debentures.
Accordingly the provisions of paragraph 3 (viii) of the Order are not applicable.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
Based upon the audit procedures performed and the information and explanations given by the management, the company has not raised
moneys by way of initial public offer or further public offer including debt instruments and term Loans. Accordingly, the provisions of clause
3 (ix) of the Order are not applicable.

35
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the company, carried out in accordance with the generally accepted
auditing practice in India, and according to the information and explanation given to us, we have neither come across any instance of material
fraud by the company or on the company by its officers or employees, noticed or reported during the year, nor have we been informed of any
such case by the management.
Disclosure in auditors report relating to managerial remuneration
According to the information and explanations given to us and on the basis of our examination of the records of the Company, though
managerial remuneration has been paid/ provided, the Company being a private limited company, provisions of Section 197 read with
Schedule V of the Companies Act, 2013 is not applicable to the Company.
Disclosure in auditors report relating to Nidhi Company
In our opinion, the Company is not a Nidhi Company. Accordingly the provisions of paragraph 3 (xii) of the Order are not applicable.
Disclosure in auditors report relating to transactions with related parties
As per information and explanation given to us and on the basis of our examination of the records of the Company, all the transaction with
related parties are in compliance with section 177 and 188 of Companies Act 2013 and all the details have been disclosed in financial
statements as required by the applicable Accounting Standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations given to us and on the basis of our examination of the records, the Company has not made
any preferential allotment or private placement or not issued any debenture during the year under review. Accordingly the provisions of
paragraph 3(xiv) of the Order are not applicable.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and on the basis of our examination of the records, Company has not entered into
any non-cash transactions with any director or any person connected with him. Accordingly the provisions of Clauses 3(xv) of the Order are
not applicable to the Company.
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
In our opinion, the company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934 and accordingly, the
provisions of clause 3(xvi) of the Order are not applicable.

36
Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITOR’S REPORT
To the Members of PMC PROJECTS (INDIA) PRIVATE LIMITED
Report on the Financial Statements
We have audited the accompanying financial statements of PMC PROJECTS (INDIA) PRIVATE LIMITED (“the Company”), which
comprise the Balance Sheet as at March 31, 2016, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended,
and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation and presentation of these financial statements that give a true and fair view of the financial position, financial
performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the
Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2014. This responsibility
also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the
Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies;
making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial
controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation
and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or
error.
Auditor’s Responsibility
Our 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 matters which are required to be included in
the audit report under the provisions of the Act and the Rules made there under.

37
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require
that we comply with ethical requirements and plan and perform the audit to 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 in the financial statements. The
procedures selected depend on the auditor’s judgment, including the assessment 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’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting
estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the financial
statements.
Opinion
In 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 a true and fair view in conformity with the accounting principles
generally accepted in India, of the state ofaffairs of the Company as at 31 March 2016and its losses and its cash flows for the year ended on
that date.
Emphasis of Matter
Without qualifying our opinion, we draw attention to Note No. 34 of the Financial Statements wherein the company’s Net Worth has been
eroded on account of losses. However, the accompanying financial statements have been prepared under the going concern assumption
considering the mitigating factors as stated in the above referred note.
Our report is not modified in respect of this matter.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government 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 the paragraph 3 and 4 of the
Order, to the extent applicable.

38
2. As required by section 143(3) of the Act, we report that:
a. we have sought and obtained all the information and explanations which to the best of our knowledge 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 so far as appears from our examination of
those books.
c. the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of
account.
d. in our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014;
e. on the basis of the written representations received from the directors as on 31 March 2016 taken on record by the Board of Directors,
none of the directors is disqualified as on 31 March 2016 from being appointed as a director in terms of Section 164 (2) of the Act;
f. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of
such controls, refer to our separate report in “Annexure B”; and
g. with respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
a) the Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note 30(a) to the
financial statements;
b) The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
c) There were no amounts which were required to be transferred to investor education and protection fund.

39
For SHAH DHANDHARIA & CO
Chartered Accountants
Firm Registration No – 118707W
Place : Ahmedabad
Date : 31/08/2016
PravinDhandharia
Partner
Membership No. 115490
ANNEXURE-B TO THE INDEPENDENT AUDITOR’S REPORT
RE:PMC PROJECTS (INDIA) PRIVATE LIMITED
(Referred to in paragraph 2 (f) of our Report of even date)
Report on the Internal Financial Controls under Clause i of sub-section 3 of section 143 of the Companies Act 2013 (the act).
We have audited the internal financial controls over financial reporting of the company as of 31st March, 2016 in conjunction with our audit
of the standalone financial statements of the company for the year ended on that date.
Management’s Responsibilities for Internal Financial Controls
The 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 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. These
responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable
financial information, as required under the Companies Act, 2013.

40
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the Guidance
Note) and the Standards onAuditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the
extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the
Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was
established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessedrisk. The procedures selected depend on the
auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.
ANNEXURE-B TO THE INDEPENDENT AUDITOR’S REPORT (Continue)
RE:PMC PROJECTS (INDIA) PRIVATE LIMITED
(Referred to in paragraph 2 (f) of our Report of even date)
Meaning of Internal Financial Controls over FinancialReporting
A 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 statements for external purposes in accordance with generally accepted accounting
principles. A company's internal financial control over financial reporting includes those policies and procedures that:
(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;

41
(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 Reporting
Because 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 financialreporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
Opinion
In 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, 2016, 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 SHAH DHANDHARIA & CO
Chartered Accountants
Firm Registration No – 118707W
Place : Ahmedabad
Date : 31/08/2016
PravinDhandharia
Partner
Membership No. 115490

42
[400500] Disclosures - Secretarial audit report
01/04/2015
to
31/03/2016
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
observation or other remarks
No
[100100] Balance sheet
31/03/2016 31/03/2015
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 3,15,38,610 3,15,38,610
Reserves and surplus -79,89,24,714 -57,02,90,293
Total shareholders' funds -76,73,86,104 -53,87,51,683
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Deferred tax liabilities (net) (A) 0 0
Other long-term liabilities 464,50,00,000 0
Long-term provisions 6,51,47,153 3,37,49,095
Total non-current liabilities 471,01,47,153 3,37,49,095
Current liabilities [Abstract]
Short-term borrowings 0 359,38,08,834
Trade payables (B) 244,97,54,202 (C) 251,26,86,337
Other current liabilities 42,05,59,410 934,17,26,861
Short-term provisions 76,07,186 1,42,99,562
Total current liabilities 287,79,20,798 1,546,25,21,594
Total equity and liabilities 682,06,81,847 1,495,75,19,006
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 3,31,90,830 15,40,83,548
Intangible assets 46,34,010 1,05,93,083
Tangible assets capital work-in-progress 0 84,82,870
Total fixed assets 3,78,24,840 17,31,59,501
Non-current investments 0 0
Long-term loans and advances 30,72,80,924 22,21,76,101
Total non-current assets 34,51,05,764 39,53,35,602
Current assets [Abstract]
Current investments 20,33,919 0
Inventories 59,57,87,399 0
Trade receivables 280,44,13,224 1,397,21,25,450
Cash and bank balances 4,33,84,684 3,55,53,973
Short-term loans and advances 265,84,09,691 53,68,91,111
Other current assets 37,15,47,166 1,76,12,870
Total current assets 647,55,76,083 1,456,21,83,404
Total assets 682,06,81,847 1,495,75,19,006

43
Footnotes
(A) Deferred tax Liability Deferred Tax Liability on Account of Depreciation 39,023,861 24,635,967 Total 39,023,861 24,635,967
Deferred Tax Assets on Account of (i) Unabsorbed Losses / Depreciation - (i) Unpaid Leave encashment (14,994,296) (13,468,336)
(ii) Unpaid Super annuation (194,662) (415,426) (iii) Bonus (7,208,152) (5,316,780) (iv) Carry Forward Business Loss
(197,340,671) (197,340,671) (iv) Unabsorbed Depreciation (53,800,024) (53,800,024) Total (273,537,807) (270,341,237) Net
Deferred Tax (Assets) / Liability (234,513,946) (245,705,270) Deferred Tax (Asset) / Liability Provided during the year 11,191,325
(638,900,890) In accordance with the Accounting Standard 22, the net deferred tax liabilities are Rs 1,11,91,325. Due to Non virtual
certainity for realisation of assets, deferred tax assets has been not been recognised.
(B) Micro. Small and medium enterprises ( Refer Note - A ) : 0 Others : 2449754202 Dues to Micro and small Enterprise have been
determined to the extant such parties have been identified on the basis of information collected by the management .This has been
relied upon by the auditors.
(C) Micro. Small and medium enterprises ( Refer Note - A ) : 0 Others : 2512686337 Dues to Micro and small Enterprise have been
determined to the extant such parties have been identified on the basis of information collected by the management .This has been
relied upon by the auditors.
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)
Directors signing financial statements [Axis] 1 2
01/04/2015
to
31/03/2016
01/04/2015
to
31/03/2016
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director Phani Kumar
KAILASH
VARMA
Middle name of director Venkata
Last name of director Uppalapati
Designation of director Director Director
Director identification number of director 02492898 07153620
Date of signing of financial statements by director 31/08/2016 31/08/2016

44
[100400] Cash flow statement, indirect
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
31/03/2014
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax -22,86,34,421 46,08,35,016
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs (A) 28,22,85,596 (B) 38,00,40,292
Adjustments for depreciation and amortisation expense 3,53,67,788 4,98,32,903
Adjustments for unrealised foreign exchange losses gains -4,56,37,642 -72,37,82,135
Other adjustments for which cash effects are investing or
financing cash flow (C) 1,36,089 (D) -37,91,547
Other adjustments to reconcile profit (loss) (E) 80,98,098 (F) 77,83,00,250
Other adjustments for non-cash items (G) -1,33,03,849
(H) 0
Total adjustments to profit (loss) 26,69,46,080 48,05,99,763
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -59,57,87,399 0
Adjustments for decrease (increase) in trade receivables 1,116,09,33,725 1,396,03,33,456
Adjustments for decrease (increase) in other current assets (I) -53,95,34,937 (J) 97,82,03,050
Adjustments for increase (decrease) in trade payables -890,04,52,412 -1,622,70,42,964
Total adjustments for working capital 112,51,58,977 -128,85,06,458
Total adjustments for reconcile profit (loss) 139,21,05,057 -80,79,06,695
Net cash flows from (used in) operations 116,34,70,636 -34,70,71,679
Income taxes paid (refund) 8,45,44,722 6,67,23,236
Net cash flows from (used in) operating activities before extraordinary
items
107,89,25,914 -41,37,94,915
Net cash flows from (used in) operating activities 107,89,25,914 -41,37,94,915
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 9,85,02,147 5,71,860
Purchase of intangible assets 1,33,94,431 1,25,95,139
Cash advances and loans made to other parties (K) 191,89,79,492 (L) -410,61,97,337
Interest received 11,36,71,109 47,98,78,170
Other inflows (outflows) of cash (M) -1,15,66,885 (N) 83,42,67,688
Net cash flows from (used in) investing activities before extraordinary
items
-173,17,67,552 540,83,19,916
Net cash flows from (used in) investing activities -173,17,67,552 540,83,19,916
Cash flows from used in financing activities [Abstract]
Repayments of borrowings (O) 359,38,08,834 (P) 416,05,15,180
Interest paid (Q) 40,00,51,785 (R) 85,63,32,762
Other inflows (outflows) of cash (S) 464,50,00,000
(T) 0
Net cash flows from (used in) financing activities before extraordinary
items
65,11,39,381 -501,68,47,942
Net cash flows from (used in) financing activities 65,11,39,381 -501,68,47,942
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
-17,02,257 -2,23,22,941
Net increase (decrease) in cash and cash equivalents -17,02,257 -2,23,22,941
Cash and cash equivalents cash flow statement at end of period 3,26,19,405 3,43,21,659 5,66,44,599

45
Footnotes
(A) Interest on Deposit/ICD : 325945103 Interest Others : 74106682 Interest Income : -117766189
(B) Interest on Deposit/ICD : 853117988 Interest Others : 3214774 Interest Income : -476292470
(C) Profit & Loss on Sale of Fixed Assets ( Net ) : 14859157 Profit on sale of Investment : -14723068
(D) Profit & Loss on Sale of Fixed Assets ( Net ) : -205847 Profit on sale of Investment : -3585700
(E) Provision for doutful debts/Advances : 8098098
(F) Provision for doutful debts/Advances : 778300250
(G) Liabilities no longer required w/back : -13303849
(H) Liabilities no longer required w/back : 0
(I) Loans and Advances : -539534934 Rounding off : -3
(J) Loans and Advances : 978203050 Rounding off : -1
(K) Loans to Inter Corporate Deposit ( Net ) : -1918979492
(L) Loans to Inter Corporate Deposit ( Net ) : 4106197337
(M) Purchase of Investment : -2508319068 Sales of Investment : 2506285148 Withdrawal/(Investments) in long term deposits (Net)
: 1157314 Withdrawal/(Investments) in short term deposits : -10690279
(N) Purchase of Investment : -1347921200 Sales of Investment : 1347921202 Withdrawal/(Investments) in long term deposits (Net) :
834267686 Withdrawal/(Investments) in short term deposits : 0
(O) Repayments of Short Term Borrowings (Net) : 3593808834
(P) Repayments of Short Term Borrowings (Net) : 4160515180
(Q) Interest and Other Financial Expenses Paid : 400051785
(R) Interest and Other Financial Expenses Paid : 856332762
(S) Proceeds from Long Term Deposit : 4645000000 Note - Proceeds from Long Term Deposit shown under Financing activities as
it is interest bearing deposit.
(T) Proceeds from Long Term Deposit : 0

46
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)
Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 35,00,000 [shares] 35,00,000 [shares] 35,00,000 [shares] 35,00,000
Value of shares authorised 3,50,00,000 3,50,00,000 3,50,00,000 3,50,00,000
Number of shares issued [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Value of shares issued 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Number of shares subscribed and fully paid [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Value of shares subscribed and fully paid 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Total value of shares subscribed 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Value of shares called 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
officers
0 0 0 0
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
debentures preference shares during
period
[shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
debentures preference shares during
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of
securities
Total aggregate number of shares issued
during period

47
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures
preference shares during period
0 0 0 0
Amount of other private placement issue
during period
0 0 0 0
Amount of preferential allotment issue
arising out of conversion of debentures
preference shares during period
0 0 0 0
Amount of other preferential allotment
issue during period
0 0 0 0
Amount of issue allotted for
contracts without payment
received in cash during period
0 0 0 0
Amount of issue under scheme of
amalgamation during period
0 0 0 0
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
issued during period
0 0 0 0
Amount of other issue arising out of
conversion of securities during
period
0 0 0 0
Total aggregate amount of increase in
share capital during period
0 0 0 0
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
period
0 0 0 0
Total increase (decrease) in share capital 0 0 0 0
Share capital at end of period 3,15,38,610 3,15,38,610 3,15,38,610 3,15,38,610
Rights preferences and restrictions attaching
to class of share capital
Textual information
(32) [See below]
Textual information
(33) [See below]
Textual information
(34) [See below]
Textual information
(35) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
[shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861 [shares] 31,53,861
Shares reserved for issue under options
and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or
disinvestment
0 0 0 0

48
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
Terms of securities convertible into
equity/preference shares issued along with
earliest date of conversion in descending order
starting from farthest such date [TextBlock]
Textual information
(36) [See below]
Textual information
(37) [See below]
Textual information
(38) [See below]
Textual information
(39) [See below]
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for
refund, principal
0 0 0 0
Application money received for
allotment of securities and due for
refund, interest accrued
0 0 0 0
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0

49
Disclosure of classes of share capital [Table] ..(2)
Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
Number of shares authorised [shares] 35,00,000 [shares] 35,00,000
Value of shares authorised 3,50,00,000 3,50,00,000
Number of shares issued [shares] 31,53,861 [shares] 31,53,861
Value of shares issued 3,15,38,610 3,15,38,610
Number of shares subscribed and fully paid [shares] 31,53,861 [shares] 31,53,861
Value of shares subscribed and fully paid 3,15,38,610 3,15,38,610
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 31,53,861 [shares] 31,53,861
Total value of shares subscribed 3,15,38,610 3,15,38,610
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 31,53,861 [shares] 31,53,861
Value of shares called 3,15,38,610 3,15,38,610
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 3,15,38,610 3,15,38,610
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion
of debentures preference shares during period
[shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 31,53,861 [shares] 31,53,861
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
Amount of private placement issue arising out of conversion of
debentures preference shares during period
0 0
Amount of other private placement issue during period 0 0

50
Amount of preferential allotment issue arising out of conversion of
debentures preference shares during period
0 0
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
during period
0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 3,15,38,610 3,15,38,610
Rights preferences and restrictions attaching to class of share capital
Textual information
(40) [See below]
Textual information
(41) [See below]
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 31,53,861 [shares] 31,53,861
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
[shares] 31,53,861 [shares] 31,53,861
Shares reserved for issue under options and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
for sale of shares or disinvestment
0 0
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
Terms of securities convertible into equity/preference shares issued
along with earliest date of conversion in descending order starting from
farthest such date [TextBlock]
Textual information
(42) [See below]
Textual information
(43) [See below]
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
principal
0 0
Application money received for allotment of securities and due for refund,
interest accrued
0 0
Total application money received for allotment of securities and due for
refund and interest accrued thereon
0 0
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

51
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]
31/03/2016 31/03/2015
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Equity
Name of shareholder
PMC Infra
Ltd.(Formerly
known as Gudami
International (
Mauritius ) Ltd.
PMC Infra
Ltd.(Formerly known
as Gudami
International (
Mauritius ) Ltd.
Country of incorporation or residence of
shareholder
MAURITIUS MAURITIUS
Number of shares held in company [shares] 31,53,861 [shares] 31,53,861
(A) [shares]
31,53,861
(B) [shares]
31,53,861
Percentage of shareholding in company 100.00% 100.00%
Footnotes
(A) It includes 1 share held by Nominee on behalf of PMC Infra Ltd.
(B) It includes 1 share held by Nominee on behalf of PMC Infra Ltd.
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Yes Yes
Whether money raised from public offering during year No No
The Company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per
share. The Company declares and pays dividends in Indian rupees. The dividend if proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares
will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts.

52
Terms of securities convertible into equity/preference shares issued along with earliest date of conversion in
descending order starting from farthest such date [Text Block]
approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts.

PMC Projects 2016 Annual Report.pdf

PMC Projects 2016 Annual Report.pdf

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