Adani Infrastructure and Management Services 2018 Annual Report.pdf

ADANI INFRASTRUCTURE MANAGEMENT SERVICES LIMITED
Standalone Financial Statements for period 09/06/2017 to 31/03/2018
[700300] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
09/06/2017
to
31/03/2018
Name of company
ADANI INFRASTRUCTURE
MANAGEMENT SERVICES
LIMITED
Corporate identity number U74999GJ2017PLC097813
Permanent account number of entity AAPCA6798M
Address of registered office of company
Adani House, 56 , Shrimali
Society Navrangpura ,
Ahmedabad Ahmedabad ,
GUJARAT , INDIA - 380009
Type of industry
C o m m e r c i a l a n d
Industrial
Registration date 09/06/2017
Category/sub-category of company
C o m p a n y l i m i t e d
by Shares
Whether company is listed company No
Name of parent entity
A D A N I
P R O P E R T I E S
P R I V A T E
LIMITED
Name of ultimate parent of group
A D A N I
P R O P E R T I E S
P R I V A T E
LIMITED
Date of board meeting when final accounts were approved 02/05/2018
Period covered by financial statements
0 1 / 0 4 / 2 0 1 7 T O
31/03/2018
Date of start of reporting period 09/06/2017
Date of end of reporting period 31/03/2018
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)
P l o t n o . B - 7
,Sector-132, N o i d a , (
UP ) - 201301
Name of city of place of maintenance of computer servers (storing
accounting data)
NOIDA
Name of state/ union territory of place of maintenance of
computer servers (storing accounting data)
U T T A R
PRADESH
Pin code of place of maintenance of computer servers (storing
accounting data)
201301
Name of district of place of maintenance of computer servers
(storing accounting data)
NOIDA
ISO country code of place of maintenance of computer servers
91(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) 079-25555650
Total number of product or service category 1
Description of principal product or services category
Construction/erection
and maintenance of power,
telecommunication and
t r a n s m i s s i o n
lines

2
ADANI INFRASTRUCTURE MANAGEMENT SERVICES LIMITED Standalone Financial Statements for period 09/06/2017 to 31/03/2018
Disclosure of principal product or services [Table] ..(1)
Types of principal product or services [Axis] 1
09/06/2017
to
31/03/2018
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Description of product or service category
and maintenance of
p o w e r ,
telecommunication
and transmission
lines
Turnover of product or service category 49,49,79,573
Description of product or service
and maintenance of
p o w e r ,
telecommunication
and transmission
lines
Turnover of highest contributing product or service 49,49,79,573
[700600] Disclosures - Directors report
Details of shareholding pattern of top 10 shareholders [Table] ..(1)
Name of top 10 shareholder [Axis] Top 1 shareholder [Member]
Change in shareholding [Axis]
Shareholding
[Member]
Shareholding at
beginning of year
[Member]
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
Total number of shares held at end of period [shares] 10,000 [shares] 10,000
Percentage of total shares held at end of period 100.00% 100.00%
Increase decrease in shareholding during year [shares] 10,000 [shares] 10,000
Percentage increase decrease in shareholding during year 100.00% 100.00%
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Name of shareholder
Refer to child
member
(A) Adani
Properties Private
Limited
Details of increase (decrease) in top 10 shareholders during year [TextBlock]
Refer to child
member
0
(A) Shares held by Adani Properties Private Limited (APPL) including six nominees of APPL

3
Particulars of holding, subsidiary and associate companies [Table] ..(1)
Particulars of companies [Axis] 1
09/06/2017
to
31/03/2018
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Name of company
(A) Adani Properties
Private Limited
Country of incorporation of company INDIA
CIN of company U45201GJ1995PTC026067
Type of company HOLDING COMPANY
Percentage of shares held 1000000.00%
Applicable section 2(46)
Footnotes
(A) including sic nominees of ADANI PROPERTIES PRIVATE LIMITED
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Principal business activities of company [Axis]
Product/service 1
[Member]
09/06/2017
to
31/03/2018
Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of company
[LineItems]
Name of main product/service
and maintenance of
p o w e r ,
telecommunication
and transmission
lines
Description of main product/service
and maintenance of
p o w e r ,
telecommunication
and transmission
lines
NIC code of product/service 42202
Percentage to total turnover of company 100.00%
Details of shareholding pattern [Table] ..(1)
Shareholding pattern [Axis]
Promoters
[Member]
Indian [Member]
Corporate bodies
[Member]
31/03/2018 31/03/2018 31/03/2018
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of physical shares held end of period [shares] 10,000 [shares] 10,000 [shares] 10,000
Total number of shares held at end of period [shares] 10,000 [shares] 10,000 [shares] 10,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00%

4
Details of indebtedness of company [Table] ..(1)
Indebtedness [Axis]
Unsecured loans
[Member]
09/06/2017
to
31/03/2018
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 10,00,000
Total changes in indebtedness 10,00,000
Principal amount at end of financial year 10,00,000
Interest accrued but not due at end of financial year 49,044
Total indebtedness at end of financial year 10,49,044
Details of directors signing board report [Table] ..(1)
Directors signing board report [Axis] 1
09/06/2017
to
31/03/2018
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 ANIL KUMAR
Last name of director GUPTA
Designation of director CHAIRMAN
Director identification number of director 06859132
Date of signing board report 02/05/2018

5
09/06/2017
to
31/03/2018
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
Description of state of companies affair
[See below]
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
[See below]
Steps taken or impact on conservation of energy [Text block]
[See below]
Details regarding technology absorption AS MENTIONED :
Efforts made towards technology absorption [Text block]
[See below]
Benefits derived regarding technology absorption
[See below]
Details regarding foreign exchange earnings and outgo
[See below]
Disclosures in director’s responsibility statement
[See below]
Details of material changes and commitment occurred during period
affecting financial position of company
[See 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]
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
length basis
No
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
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 principal business activities contributing 10% or more
of total turnover of company [Abstract]
Particulars of holding, subsidiary and associate companies [Abstract]
Details of shareholding pattern [Abstract]
Details of shareholding of promoters [Abstract]
Details of change in promoters shareholding [TextBlock]
Details of change in promoters’ shareholding [Abstract]
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of increase (decrease) in top 10 shareholders during year
[TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [Abstract]
Details of indebtedness of company [Abstract]
Changes in indebtedness [Abstract]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock]
-
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
-

6
Disclosure of statement on development and implementation of risk
management policy [TextBlock]
-
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year
[TextBlock]
-
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]
N O T
APPLICABLE
Details of directors or key managerial personnels who were
appointed or have resigned during year [TextBlock] N O T
APPLICABLE
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during
year [TextBlock]
N O T
APPLICABLE
Details relating to deposits covered under chapter v of companies act
[TextBlock]
[See below]
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock]
-
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 director or
managerial personnel if any, in the financial year [TextBlock]
[See below]
Details of remuneration of director or managerial personnel [Abstract]
Number of meetings of board [pure] 5
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]

7
Disclosure in board of directors report explanatory [Text Block]
DIRECTORS' REPORT
Dear Shareholders,
Your Directors are pleased to present the 01st Annual Report along with the audited accounts of your Company for the Financial Year ended 31st
March, 2018.
Incorporation:
Your Company was incorporated on 09th June, 2017 as a wholly owned subsidiary of Adani Properties Private Limited. During the year under
review the Company has commenced commercial activities.
Financial Highlights:
The financial highlights of your Company for the year ended 31st March, 2018 is depicted below:
(Amount in Rs.)
Particulars For the period ended 31st March, 2018
Revenue from operations 49,49,79,573

8
Other Income 27,28,923
Total Revenue 49,77,08,496
Operating & Administrative Expenses 43,65,28,736
Operating Profit before Interest and Tax 6,11,79,760
Finance Costs 1,47,178
Profit/(Loss) Before Tax 6,10,32,582
Tax Expense (Including Deferred Tax) 1,85,10,359
Profit / (Loss) After tax 4,25,22,223
Other Comprehensive Income 7,04,452
Total Comprehensive Income for the Period/year 4,32,26,675
Dividend:
In order to conserve resources for operational purposes, your Directors have not recommended any dividend on equity shares for the year.
Material changes and commitments
No material changes and commitments have occurred between the end of financial year of the company and the date of this report affecting the
financial position of the company as at 31st March, 2018.
Holding Company:

9
Your Company is a wholly owned subsidiary of Adani Properties Private Limited.
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.
Particulars of Loans, Guarantee or Investment:
The provisions of Section 186 of the Companies Act, 2013, with respect to a loan, guarantee or security is not applicable to the Company as the
Company is engaged in providing infrastructural facilities and is exempted under Section 186 of the Companies Act, 2013. The Company has not
made any investment during the year under review.
Directors:
Mr. Vneet S Jaain (DIN:00053906), Mr. Jayadeb Nanda (DIN: 06578925) and Mr. Anil Kumar Gupta (DIN: 06859132) were appointed as first
Directors of the Company as mentioned in Articles of Association of the Company.
Ø Retirement by Rotation:
During the year under review there was no change in the Directors of the Company except pursuant to the provisions of Companies Act, 2013 and
Articles of Association of the Company Mr. Jayadeb Nanda is liable to retire by rotation and being eligible offers himself for reappointment.
Directors’ Responsibility Statement:

10
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, 2018 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 internal financial controls were in place and that the financial control were adequate and were operating effectively;
f. that proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating
effectively.
Secretarial Standards:
During the year under, the Company has complied with all the applicable Secretarial Standards.
No. of Board Meetings:
In compliance with the Companies Act, 2013 and the rules made thereunder, where permitted, Directors are provided the facility to join the
proceedings of the meeting through video conferencing.
During the period under review, The Board of Directors met 5 (Five) times on 10th June, 2017, 23rd June, 2017, 02nd September, 2017, 10th
November, 2017 and 16th January, 2018. 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 under review is as under:

11
Name of Directors Meetings
Held Attended
Mr. Vneet S Jaain 5 5
Mr. Jayadeb Nanda 5 5
Mr. Anil Kumar Gupta 5 5
Risk Management:
Your Company has a formal risk assessment and management system which periodically identifies risk areas, evaluates their consequences,
initiates risk mitigation strategies and implements corrective actions where required.
Related Party Transactions:
All the related party transactions entered into during the financial year were in the ordinary course of business and on an arm’s length pricing
basis and none of the transactions with the related parties fall under the scope of Section 188(1) of the Companies Act, 2013. Accordingly, the
disclosure of related party transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC 2 is not applicable. Suitable
disclosure as required by the Indian Accounting Standards (Ind AS 24)has been made in the notes to the Financial Statements.
Significant and material orders:
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.

12
Internal control systems and their adequacy:
The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The Internal Audit Department
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. Based on the report of internal audit function, process owners undertake corrective action in their
respective areas and thereby strengthen the controls.
Prevention of Sexual Harassment at workplace:
As per the requirement, the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act 2013, read with rules made
thereunder an Internal Complaints Committee is responsible for redressal of complaints related to sexual harassment. During the period under
review there was no complaints pertaining to sexual harassment.
Auditors & Auditors’ Report:
M/s. Dharmesh Parikh & Co., Chartered Accountants (Firm Registration No.: 112054W), was appointed as First Statutory Auditors of the
Company by the Board of Directors to hold office till the conclusion of first Annual General meeting of the Members of the Company.
Further, the Board of Directors’ recommends the appointment of M/s Dharmesh Parikh & Co., Chartered Accountants, to be appointed as
Statutory Auditors of the Company from the conclusion of the 01st Annual General Meeting till the conclusion of 06th Annual General Meeting.
Your Company has received a letter from M/s. Dharmesh Parikh & Co., Chartered Accountants, to the effect that their appointment, if made,
would be within the prescribed limits under Section 141 of the Companies Act, 2013 read with rules made thereunder and that they are not
disqualified for such appointment.
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.
Audit Qualification:

13
There were no qualifications, reservation or adverse remarks given by Statutory Auditors of the Company.
Extract of Annual Return:
The details forming part of the extract of the Annual Return in Form MGT-9 are annexed herewith, which forms part of this Report.
Insurance:
The Company has taken appropriate insurance for all assets against foreseeable perils.
Particulars of Employees:
The Company has not employed any individual whose remuneration falls within the purview of the limits prescribed under the provisions of
Section 197 of the Companies Act, 2013, read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014.
A. Personnel who are in receipt of remuneration aggregating not less than Rs. 102 lacs per annum and employed throughout the year: Nil
B. Employed for a part of the financial year and were in receipt of remuneration for any part of the financial year at a rate which in
aggregate was not less than Rs. 8.5 lacs per month: Nil
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo:
Since during the year under review, the Company has not started any manufacturing activity, the information on conservation of energy,
technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8
of The Companies (Accounts) Rules, 2014, as amended from time to time are not appended.

14
During the year under review there was no foreign exchange earnings and outgo.
Acknowledgement:
Your Directors have pleasure in taking this opportunity to thank, Government Agencies, bankers and all other personnel of their continued
support and co-operation to the Company.
For and on Behalf of the Board of Directors
Date: 02nd May, 2018
Place: Ahmedabad
Anil Kumar Gupta
Chairman
ANNEXURE TO DIRECTORS’ REPORT
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
as on the financial year ended March 31, 2018
[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:

15
CIN : U74999GJ2017PLC097813
Registration Date : 09th June, 2017
Name of the Company : Adani Infrastructure Management Services Limited
Category / Sub-Category of the Company : Company limited by Shares
Address of the Registered office and contact details :
Adani House
56, Shrimali Society,
Navrangpura,
Ahmedabad – 380009
Whether listed company : Unlisted
Name, Address and Contact details of Registrar and Transfer Agent, if any : NA
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 main Products/Services
NIC Code of the Product/
service
% to total turnover of the
company
Construction/erection and maintenance of power, telecommunication and
transmission lines
42202 100
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
Name and address of the Company CIN/GLN Holding/ Subsidiary/ Associate % of shares held Applicable Section
Adani Properties Private Limited U45201GJ1995PTC026067 Holding Company 100% 2(46)

16
IV. SHARE HOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS PERCENTAGE OF TOTAL EQUITY)
i) Category-wise Share Holding
Category of Shareholders No of Shares held
at the beginning of
the year
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
A. Promoter
1 Indian
a)
Individuals/
HUF
-- -- -- -- -- -- -- -- --
b) Central Government -- -- -- -- -- -- -- -- --
c) State Government(s) -- -- -- -- -- -- -- -- --
d) Bodies Corporate 0 10,000 10,000 100% 0 10,000 10,000 100% Nil
e) Banks/FI -- -- -- -- -- -- -- -- --
f) Any Others -- -- -- -- -- -- -- -- --
Sub Total(A)(1) 0 10,000 10,000 100% 0 10,000 10,000 100% Nil
2 Foreign
a) NRIs-Individuals -- -- -- -- -- -- -- -- --
b) Other-Individuals -- -- -- -- -- -- -- -- --
c) Bodies Corporate -- -- -- -- -- -- -- -- --

17
d) Banks/FI -- -- -- -- -- -- -- -- --
e) Any Other -- -- -- -- -- -- -- -- --
Sub Total(A)(2) -- -- -- -- -- -- -- -- --
Total
Shareholding
of Promoter
and Promoter
Group
(A)=
(A)(1)+(A)(2)
0 10,000 10,000 100% 0 10,000 10,000 100% Nil
B. Public shareholding
1 Institutions
a) Mutual Funds/ UTI -- -- -- -- -- -- -- -- --
b) Banks/FI -- -- -- -- -- -- -- -- --
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 -- -- -- -- -- -- -- -- --

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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)
-- -- -- -- -- -- -- --
Total
Public
Shareholding
(B)=
(B)(1)+(B)(2)
-- -- -- -- -- -- -- -- --
C.
Shares held by Custodians for
GDRs & ADRs
-- -- -- -- -- -- -- -- --
GRAND
TOTAL
(A)+(B)+(C)
0 10,000 10,000 100% 0 10,000 10,000 100% Nil
ii) Shareholding of Promoter
Shareholders Name
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
1
Adani Properties
Private Limited *
0 10000 10000 100% 0 10000 10000 100% Nil

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* Shares held by Adani Properties Private Limited (APPL) including six nominees of APPL
iii) Change in Promoters’ Shareholding
Shareholding at the
Cumulative
Shareholding during
the year
No. of Shares
% of total shares of
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):
year
At the end of the year
year
iv) Shareholding Pattern of top ten Shareholders
For each of the Top 10 Shareholder Shareholding at the beginning of the year Shareholding at the end of the year
No. of Shares % of total shares of the Company No. of Shares % of total shares of the Company
Adani Properties Private Limited* 10,000 100% 10,000 100%
*Shares held by APPL including nominees

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v) Shareholding of Directors and Key Managerial Personnel
For each of the Directors and KMP Shareholding at the beginning of the year
Shareholding
at the end of
the year
No. of Shares % of total shares of the Company
No. of
Shares
% of total
shares of the
Company
None of the Directors and Key Managerial Personnel hold share in
the Company except, Mr. Jayadeb Nanda and Mr. Vneet S Jaain
are holding one share each as nominees of Adani Properties
Private Limited.
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. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
(Amount in Rs)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits Total
Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -

21
Change in Indebtedness during the financial year
· Addition - 1,000,000 - 1,000,000
· Reduction - - - -
Net Change - 1,000,000 - 1,000,000
Indebtedness at the
end of the financial year
i) Principal Amount - 1,000,000 - 1,000,000
iii) Interest accrued but not due - 49,044 - 49,044
Total (i+ii+iii) - 1,049,044 - 1,049,044
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sr No Particulars of Remuneration
Not Applicable
1 Gross salary
a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
b) Value of perquisites u/s 17(2) Income-tax Act, 1961
c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
2 Stock Option -
3 Sweat Equity

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4 Commission
- as % of profit
- others, specify
5 Others, please specify
Total (A)
Ceiling as per the Act
B. Remuneration to other Directors:
(Amount in Rs.)
Not Applicable
1 Independent Directors
a) Fee for attending board, committee meetings
b) Commission
c) Others, please specify
Total (1)
2 Other Non-Executive Directors
b) Commission
Total (2)
Total (B) = (1+2)

23
Total Managerial Remuneration
C. Remuneration to key managerial personnel other than MD/manager/WTD
Not Applicable
1 Gross salary
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (A)
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

24
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
ANNEXURE TO THE DIRECTORS’ REPORT
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

25
Information as required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 are
set out as under:
A. Conservation of energy:
a) The steps taken for conservation of energy:
The Company is engaged in the business of Operation and maintenance of Transmission Lines and Substation of the Company. It is not having
any asset and providing the O&M Services to different Transmission Companies in Haryana, Rajasthan, Gujarat, Maharashtra, Chhattisgarh and
MP. The Company has deployed the best skilled talented Manpower on its roll and taken their service for excellency in operation and
maintenance Service of transmission Lines and Substation
b) Steps taken by the company for utilizing alternate sources of energy:
c) The capital investment on energy conservation equipment: NIL
B. Technology Absorption:
a) The efforts made towards technology absorption:
a) The Company has used the Drone for detection of Fault in our Transmission Lines and also used the Hot Line washing for Washing of
Insulator in Line Transmission Line.
b) The benefits derived like product improvement, cost reduction, product development or import substitution:
· Reduction of specific oil consumption

26
· Reduction of Auxiliary Power Consumption
· Reduction of lighting load
· Heat-rate improvement
c) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year):
· NIL
d) the expenditure incurred on Research and Development: NIL
Description of state of companies affair
The financial highlights of your Company for the year ended 31st March, 2018 is depicted below: Particulars For the period ended 31st March,
2018 Revenue from operations 49,49,79,573 Other Income 27,28,923 Total Revenue 49,77,08,496 Operating & Administrative Expenses
43,65,28,736 Operating Profit before Interest and Tax 6,11,79,760 Finance Costs 1,47,178 Profit/(Loss) Before Tax 6,10,32,582 Tax Expense
(Including Deferred Tax) 1,85,10,359 Profit / (Loss) After tax 4,25,22,223 Other Comprehensive Income 7,04,452 Total Comprehensive Income
for the Period/year 4,32,26,675
Disclosure relating to amounts if any which is proposed to carry to any reserves
Dividend: In order to conserve resources for operational purposes, your Directors have not recommended any dividend on equity shares for
the year.
Disclosures relating to amount recommended to be paid as dividend
Dividend: In order to conserve resources for operational purposes, your Directors have not recommended any dividend on equity shares for
the year.
Details regarding energy conservation
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO Information as
required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 are set out as under:

27
Steps taken or impact on conservation of energy [Text block]
A. Conservation of energy:
a) The steps taken for conservation of energy:
The Company is engaged in the business of Operation and maintenance of Transmission Lines and Substation of the Company. It is not having
any asset and providing the O&M Services to different Transmission Companies in Haryana, Rajasthan, Gujarat, Maharashtra, Chhattisgarh and
MP. The Company has deployed the best skilled talented Manpower on its roll and taken their service for excellency in operation and
maintenance Service of transmission Lines and Substation
b) Steps taken by the company for utilizing alternate sources of energy:
c) The capital investment on energy conservation equipment: NIL

28
Efforts made towards technology absorption [Text block]
a) The efforts made towards technology absorption:
a) The Company has used the Drone for detection of Fault in our Transmission Lines and also used the Hot Line washing for Washing of
Insulator in Line Transmission Line.
Benefits derived regarding technology absorption
a) The benefits derived like product improvement, cost reduction, product development or import substitution: Reduction of specific oil
consumption Reduction of Auxiliary Power Consumption Reduction of lighting load Heat-rate improvement b) in case of imported
technology (imported during the last three years reckoned from the beginning of the financial year): · NIL c) the expenditure incurred on
Research and Development: NIL
Details regarding foreign exchange earnings and outgo
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo: Since during the year under review, the Company has
not started any manufacturing activity, the information on conservation of energy, technology absorption and foreign exchange earnings and
outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, as amended
from time to time are not appended. During the year under review there was no foreign exchange earnings and outgo.
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, 2018 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 internal financial controls were in place and that the financial control
were adequate and were operating effectively; f. that proper systems to ensure compliance with the provisions of all applicable laws were in
place and were adequate and operating effectively.

29
Details of material changes and commitment occurred during period affecting financial position of company
Material changes and commitments No material changes and commitments have occurred between the end of financial year of the company and
the date of this report affecting the financial position of the company as at 31st March, 2018.
Particulars of loans guarantee investment under section 186 [Text Block]
Particulars of Loans, Guarantee or Investment:
The provisions of Section 186 of the Companies Act, 2013, with respect to a loan, guarantee or security is not applicable to the Company as the
Company is engaged in providing infrastructural facilities and is exempted under Section 186 of the Companies Act, 2013. The Company has not
made any investment during the year under review.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Related Party Transactions:
All the related party transactions entered into during the financial year were in the ordinary course of business and on an arm’s length pricing
basis and none of the transactions with the related parties fall under the scope of Section 188(1) of the Companies Act, 2013. Accordingly, the
disclosure of related party transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC 2 is not applicable. Suitable
disclosure as required by the Indian Accounting Standards (Ind AS 24)has been made in the notes to the Financial Statements.

30
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
ANNEXURE TO DIRECTORS’ REPORT
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
as on the financial year ended March 31, 2018
[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 : U74999GJ2017PLC097813
Registration Date : 09th June, 2017
Name of the Company : Adani Infrastructure Management Services Limited
Category / Sub-Category of the Company : Company limited by Shares
Address of the Registered office and contact details :
Adani House
56, Shrimali Society,
Navrangpura,
Ahmedabad – 380009
Whether listed company : Unlisted
Name, Address and Contact details of Registrar and Transfer Agent, if any : NA

31
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 main Products/Services
NIC Code of the Product/
service
% to total turnover of the
company
Construction/erection and maintenance of power, telecommunication and
transmission lines
42202 100
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
Name and address of the Company CIN/GLN Holding/ Subsidiary/ Associate % of shares held Applicable Section
Adani Properties Private Limited U45201GJ1995PTC026067 Holding Company 100% 2(46)
IV. SHARE HOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS PERCENTAGE OF TOTAL EQUITY)
i) Category-wise Share Holding
Category of Shareholders No of Shares held
at the beginning of
the year
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
A. Promoter
1 Indian

32
a)
Individuals/
HUF
-- -- -- -- -- -- -- -- --
b) Central Government -- -- -- -- -- -- -- -- --
c) State Government(s) -- -- -- -- -- -- -- -- --
d) Bodies Corporate 0 10,000 10,000 100% 0 10,000 10,000 100% Nil
e) Banks/FI -- -- -- -- -- -- -- -- --
f) Any Others -- -- -- -- -- -- -- -- --
Sub Total(A)(1) 0 10,000 10,000 100% 0 10,000 10,000 100% Nil
2 Foreign
a) NRIs-Individuals -- -- -- -- -- -- -- -- --
b) Other-Individuals -- -- -- -- -- -- -- -- --
c) Bodies Corporate -- -- -- -- -- -- -- -- --
d) Banks/FI -- -- -- -- -- -- -- -- --
e) Any Other -- -- -- -- -- -- -- -- --
Sub Total(A)(2) -- -- -- -- -- -- -- -- --
Total
Shareholding
of Promoter
and Promoter
Group
(A)=
(A)(1)+(A)(2)
0 10,000 10,000 100% 0 10,000 10,000 100% Nil
B. Public shareholding
1 Institutions
a) Mutual Funds/ UTI -- -- -- -- -- -- -- -- --
b) Banks/FI -- -- -- -- -- -- -- -- --

33
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)
-- -- -- -- -- -- -- --
Total
Public
Shareholding
(B)=
(B)(1)+(B)(2)
-- -- -- -- -- -- -- -- --

34
C.
Shares held by Custodians for
GDRs & ADRs
-- -- -- -- -- -- -- -- --
GRAND
TOTAL
(A)+(B)+(C)
0 10,000 10,000 100% 0 10,000 10,000 100% Nil
ii) Shareholding of Promoter
Shareholders Name
No of Shares held at the
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
1
Adani Properties
Private Limited *
0 10000 10000 100% 0 10000 10000 100% Nil
* Shares held by Adani Properties Private Limited (APPL) including six nominees of APPL
iii) Change in Promoters’ Shareholding
Shareholding at the
Cumulative
Shareholding during
the year
No. of Shares
the Company
No. of
Shares
the Company
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):

35
year
year
iv) Shareholding Pattern of top ten Shareholders
For each of the Top 10 Shareholder Shareholding at the beginning of the year Shareholding at the end of the year
No. of Shares % of total shares of the Company No. of Shares % of total shares of the Company
Adani Properties Private Limited* 10,000 100% 10,000 100%
*Shares held by APPL including nominees
v) Shareholding of Directors and Key Managerial Personnel
For each of the Directors and KMP Shareholding at the beginning of the year
Shareholding
at the end of
the year
No. of Shares % of total shares of the Company
No. of
Shares
% of total
shares of the
Company
None of the Directors and Key Managerial Personnel hold share in
the Company except, Mr. Jayadeb Nanda and Mr. Vneet S Jaain
are holding one share each as nominees of Adani Properties
Private Limited.
Date wise Increase / Decrease in Promoters
Shareholding during the year specifying the reasons
for increase / decrease (e.g. allotment / transfer /
bonus/ sweat equity etc):

36
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
(Amount in Rs)
Secured Loans
excluding deposits
Unsecured
Loans
Deposits Total
Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year
· Addition - 1,000,000 - 1,000,000
· Reduction - - - -
Net Change - 1,000,000 - 1,000,000
Indebtedness at the
end of the financial year
i) Principal Amount - 1,000,000 - 1,000,000
iii) Interest accrued but not due - 49,044 - 49,044
Total (i+ii+iii) - 1,049,044 - 1,049,044

37
VI.REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Not Applicable
1 Gross salary
2 Stock Option -
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (A)
(Amount in Rs.)

38
Not Applicable
b) Commission
Total (1)
b) Commission
Total (2)
Total (B) = (1+2)
Not Applicable
1 Gross salary

39
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (A)
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
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

40
Punishment
Compounding
C. Other Officers
in default
Penalty
None
Punishment
Compounding

41
Disclosure of financial summary or highlights [Text Block]
Financial Highlights:
The financial highlights of your Company for the year ended 31st March, 2018 is depicted below:
(Amount in Rs.)
Particulars For the period ended 31st March, 2018
Other Income 27,28,923
Total Revenue 49,77,08,496
Operating & Administrative Expenses 43,65,28,736
Operating Profit before Interest and Tax 6,11,79,760
Finance Costs 1,47,178
Profit/(Loss) Before Tax 6,10,32,582
Tax Expense (Including Deferred Tax) 1,85,10,359
Profit / (Loss) After tax 4,25,22,223
Other Comprehensive Income 7,04,452
Total Comprehensive Income for the Period/year 4,32,26,675

42
Details relating to deposits covered under chapter v of companies act [Text Block]
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.
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:
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.

43
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Internal control systems and their adequacy:
The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The Internal Audit Department
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. Based on the report of internal audit function, process owners undertake corrective action in their
respective areas and thereby strengthen the controls.

44
Disclosure of appointment and remuneration of director or managerial personnel if any, in the financial year [Text
Block]
Directors:
Mr. Vneet S Jaain (DIN:00053906), Mr. Jayadeb Nanda (DIN: 06578925) and Mr. Anil Kumar Gupta (DIN: 06859132) were appointed as first
Directors of the Company as mentioned in Articles of Association of the Company.
Ø Retirement by Rotation:
During the year under review there was no change in the Directors of the Company except pursuant to the provisions of Companies Act, 2013 and
Articles of Association of the Company Mr. Jayadeb Nanda is liable to retire by rotation and being eligible offers himself for reappointment.
I. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Not Applicable
1 Gross salary
2 Stock Option -

45
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (A)
(Amount in Rs.)
Not Applicable
b) Commission
Total (1)
b) Commission
Total (2)

46
Total (B) = (1+2)
Not Applicable
1 Gross salary
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (A)

47
[700500] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)
Directors signing financial statements [Axis] 1 2
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
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 VNEET ANIL KUMAR
Middle name of director S
Last name of director JAAIN GUPTA
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00053906 06859132
Date of signing of financial statements by director 02/05/2018 02/05/2018
[700400] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)
Auditors [Axis] 1
09/06/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm
DHARMESH
PARIKH & CO.
Name of auditor signing report
SHAH CHIRAG
JITENDRA
Firms registration number of audit firm 112054W
Membership number of auditor 122510
Address of auditors
303/304,"Milestone",
N r .
Drive-in-Cinema,Opp.
T. V Tower, Thaltej,
Ahmedabad-380 054
Permanent account number of auditor or auditor's firm AAGFD1279G
SRN of form ADT-1 Z99999999
Date of signing audit report by auditors 02/05/2018
Date of signing of balance sheet by auditors 02/05/2018

48
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]
09/06/2017
to
31/03/2018
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 AS MENTIONED
Disclosure relating to quantitative details of fixed assets
The company does
not have any
property, plant and
equipment.
Accordingly the
provisions of
paragraph 3 (i) (a) to
(c) of the Order are
not applicable.
Disclosure in auditors report relating to inventories
Textual information
(20) [See below]
Disclosure in auditors report relating to loans AS MENTIONED
Disclosure about loans granted to parties covered under section 189 of companies act
Textual information
(21) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
Textual information
(22) [See below]
Disclosure in auditors report relating to deposits accepted
Textual information
(23) [See below]
Disclosure in auditors report relating to maintenance of cost records
Textual information
(24) [See below]
Disclosure in auditors report relating to statutory dues [TextBlock] AS MENTIONED
Disclosure relating to regularity in payment of undisputed statutory dues [TextBlock]
Textual information
(25) [See below]
Disclosure relating to disputed statutory dues [TextBlock]
According to the
records of the
Company and
representations made
by the Management,
there are no statutory
dues on account of
any dispute.
Disclosure in auditors report relating to default in repayment of financial dues
Textual information
(26) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which
those were raised
Textual information
(27) [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
(x) No fraud by the
Company or on the
Company by its
officers or
employees have
been noticed or
reported during the
period covered by
our audit.
Disclosure in auditors report relating to managerial remuneration
Textual information
(28) [See below]
Disclosure in auditors report relating to Nidhi Company
(xii) As the
Company is not a
Nidhi Company and
the Nidhi Rules,
2014 are not
applicable to it.
Accordingly the
provisions of
paragraph 3 (xii) of
the Order are not
applicable.
Disclosure in auditors report relating to transactions with related parties
Textual information
(29) [See below]
Disclosure in auditors report relating to preferential allotment or private placement of shares or
convertible debentures
Textual information
(30) [See below]
Disclosure in auditors report relating to non-cash transactions with directors or persons connected
with him
Textual information
(31) [See below]

49
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India
Act, 1934
The company is not
required to be
registered under
section 45 IA of the
Reserve Bank of
India Act, 1934.
09/06/2017
to
31/03/2018
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 inventories
The Company being in the service industry is primarily carrying inventory in the nature of stores and spares and do not hold any inventory as
defined in Indian Accounting Standard 2 on Valuation of Inventories at the year end. Accordingly the provisions of paragraph 3 (ii) of the Order
is not applicable.
Disclosure about loans granted to parties covered under section 189 of companies act
According to the information and explanation given to us and the records produced to us for our verification, the company has not granted loans,
secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of
the Companies Act, 2013. Accordingly the provisions of paragraph 3 (iii) (a) to (c) of the Order are not applicable.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
According to 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, the Company has not accepted any deposits within the meaning of Section 73 to 76 of the Act and the Companies (Acceptance of
Deposits) Rules, 2014 (as amended). Accordingly, paragraph 3 (v) of the Order is not applicable to the Company.
Disclosure in auditors report relating to maintenance of cost records
(vi) As informed to us, the maintenance of cost records under section 148(1) of the Act as prescribed by the Central Government are not
applicable to the company. Accordingly the provisions of paragraph 3 (vi) of the Order are not applicable.

50
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]
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, goods and service tax, sales tax, service tax, duty of
customs, value added tax, cess and other material statutory dues have been regularly deposited during the year by the Company with the
appropriate authorities. As explained to us, the Company did not have any dues on account of employees’ state insurance, provident fund and duty
of excise. According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, sales tax, service
tax, duty of customs, goods and service tax, value added tax, cess and other material statutory dues were in arrears as at 31 March 2018 for a
period of more than six months from the date they became payable.
Disclosure in auditors report relating to default in repayment of financial dues
(viii) According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted
in repayment of dues of loans or borrowings to any bankers. The Company has neither taken any loans or borrowings from the Government,
financial institution nor issue any debentures.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
(ix) The Company did not raised moneys by way of initial public offer or further public offer (including debt instruments). In our opinion, the
term Loans availed during the year, were applied for the purposes for which the loans were obtained.
Disclosure in auditors report relating to managerial remuneration
(xi) According to the information and explanations given to us and on the basis of our examination of the records of the Company, managerial
remuneration has not been paid /provided. Accordingly the provisions of Clauses 3(xi) 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 section177 and 188 of Companies Act 2013 and all the details have been disclosed in financial statements as
required by the applicable Indian 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 paragraph 3(xv) of the Order are not
applicable to the Company.

51
Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITOR’S REPORT
To the Members of ADANI INFRASTRUCTURE MANAGEMENT SERVICES LIMITED
Report on the Standalone Ind AS Financial Statements
We have audited the accompanying standalone Ind AS financial statements of ADANI INFRASTRUCTURE MANAGEMENT SERVICES
LIMITED (“the Company”), which comprise the Balance Sheet as at March 31, 2018, the Statement of Profit and Loss (Including Other
Comprehensive Income), the Cash Flow Statement and the Statement of Changes in Equity for the year then ended, and a summary of significant
accounting policies and other explanatory information (herein after referred to as “Standalone Ind AS Financial Statements”).
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 Ind AS Financial Statements that give a true and fair view of the financial position, financial
performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounting
principles generally accepted in India, including the applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Act,
read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
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 standalone Ind AS Financial Statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility

52
Our responsibility is to express an opinion on these standalone Ind AS 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 thereunder.
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 standalone Ind As 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 standalone Ind AS
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 standalone Ind AS 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 Ind AS financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone Ind
AS financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Ind AS 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 of affair of the Company as at March 31, 2018, and its profits (including other comprehensive
income), its cash flows and the changes in equity 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 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.

53
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 it appears from our examination of those
books;
c) The Balance Sheet, Statement of Profit and Loss, Cash Flow Statement and the Statement of Changes in Equity dealt with by this Report are
in agreement with the books of account;
d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards specified under Section 133 of the Act, read
with the Companies (Indian Accounting Standards) Rules, 2015, as amended;
e) On the basis of the written representations received from the directors as on March 31, 2018 taken on record by the Board of Directors, none
of the directors is disqualified as on March 31, 2018 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”;
g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of 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:
i. The Company has disclosed the impact of pending litigations on its financial position in its Standalone Ind AS Financial Statements – Refer
Note 28 to the Standalone Ind AS Financial Statements;
ii. The Company has made provision as at March 31, 2018, as required under the applicable law or accounting standard, for material
foreseeable losses, if any, on long term contracts including derivative contracts.

54
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
iv. The reporting on disclosures relating to Specified Bank Notes is not applicable to the Company for the year ended March 31, 2018.
For, DHARMESH PARIKH & CO.Chartered Accountants
Place : Ahmedabad
Firm Reg. No. 112054W
Date : 2nd May,2018.
Chirag Shah
Partner
Membership No. 122510
ANNEXURE - A TO THE INDEPENDENT AUDITOR’S REPORT
RE: ADANI INFRASTRUCTURE MANAGEMENT SERVICES LIMITED
(Referred to in Paragraph 1 of our Report of even date)
The Annexure referred to in our Independent Auditor’s Report to the members of the Company on the standalone Ind AS financial statements for
the year ended 31 March 2018, we report that:
(i) The company does not have any property, plant and equipment. Accordingly the provisions of paragraph 3 (i) (a) to (c) of the Order are not
applicable.
(ii) The Company being in the service industry is primarily carrying inventory in the nature of stores and spares and do not hold any inventory
as defined in Indian Accounting Standard 2 on Valuation of Inventories at the year end. Accordingly the provisions of paragraph 3 (ii) of the
Order is not applicable.
(iii) According to the information and explanation given to us and the records produced to us for our verification, the company has not granted
loans, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section

55
189 of the Companies Act, 2013. Accordingly the provisions of paragraph 3 (iii) (a) to (c) of the Order are not applicable.
(iv) According to 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.
(v) In our Opinion, the Company has not accepted any deposits within the meaning of Section 73 to 76 of the Act and the Companies
(Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, paragraph 3 (v) of the Order is not applicable to the Company.
(vi) As informed to us, the maintenance of cost records under section 148(1) of the Act as prescribed by the Central Government are not
applicable to the company. Accordingly the provisions of paragraph 3 (vi) of the Order are not applicable.
(vii) (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, goods and service tax, sales tax,
service tax, duty of customs, value added tax, cess and other material statutory dues have been regularly deposited during the year by the
Company with the appropriate authorities. As explained to us, the Company did not have any dues on account of employees’ state insurance,
provident fund and duty of excise.
According to the information and explanations given to us, no undisputed amounts payable in respect of income tax, sales tax, service tax, duty of
customs, goods and service tax, value added tax, cess and other material statutory dues were in arrears as at 31 March 2018 for a period of more
than six months from the date they became payable.
(b) According to the records of the Company and representations made by the Management, there are no statutory dues on account of any
dispute.
(viii) According to the records of the Company examined by us and the information and explanation given to us, the Company has not defaulted
in repayment of dues of loans or borrowings to any bankers. The Company has neither taken any loans or borrowings from the Government,
financial institution nor issue any debentures.
(ix) The Company did not raised moneys by way of initial public offer or further public offer (including debt instruments). In our opinion, the
term Loans availed during the year, were applied for the purposes for which the loans were obtained.

56
(x) No fraud by the Company or on the Company by its officers or employees have been noticed or reported during the period covered by our
audit.
(xi) According to the information and explanations given to us and on the basis of our examination of the records of the Company, managerial
remuneration has not been paid /provided. Accordingly the provisions of Clauses 3(xi) of the Order are not applicable.
(xii) As the Company is not a Nidhi Company and the Nidhi Rules, 2014 are not applicable to it. Accordingly the provisions of paragraph 3
(xii) of the Order are not applicable.
(xiii) 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 section177 and 188 of Companies Act 2013 and all the details have been disclosed in financial statements
as required by the applicable Indian Accounting Standards.
(xiv) 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.
(xv) 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 paragraph 3(xv) of the Order
are not applicable to the Company.
(xvi) The company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934.
Place : Ahmedabad

57
Chirag Shah
Partner
ANNEXURE-B TO THE INDEPENDENT AUDITOR’S REPORT

58
RE: ADANI INFRASTRUCTURE MANAGEMENT SERVICES LIMITED
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 Maru Transmission Service Company Limited (the company) as of
31 March, 2018 in conjunction with our audit of the standalone Ind AS 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 (the Guidance Note) 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.
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 on Auditing, 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 assessed risk. 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.

59
Meaning of Internal Financial Controls over Financial Reporting
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;
(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 financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.

60
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, 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.
Place : Ahmedabad
Chirag Shah
Partner
[700700] Disclosures - Secretarial audit report
09/06/2017
to
31/03/2018
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

61
[110000] Balance sheet
31/03/2018
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 0
Capital work-in-progress 58,358
Other intangible assets 0
Non-current financial assets [Abstract]
Non-current investments 0
Loans, non-current 0
Total non-current financial assets 0
Total non-current assets 58,358
Current assets [Abstract]
Inventories 6,86,622
Current financial assets [Abstract]
Current investments 0
Trade receivables, current 15,84,10,832
Cash and cash equivalents 83,02,742
Loans, current 13,76,968
Total current financial assets 16,80,90,542
Other current assets 3,76,67,457
Total current assets 20,64,44,621
Total assets 20,65,02,979
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 1,00,000
Other equity 4,32,26,675
Total equity attributable to owners of parent 4,33,26,675
Non controlling interest 0
Total equity 4,33,26,675
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0
Total non-current financial liabilities 0
Provisions, non-current 2,45,30,062
Total non-current liabilities 2,45,30,062
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 10,00,000
Trade payables, current (A) 8,89,03,785
Other current financial liabilities 2,86,19,444
Total current financial liabilities 11,85,23,229
Other current liabilities 1,15,51,695
Provisions, current 75,04,485
Current tax liabilities 10,66,833
Total current liabilities 13,86,46,242
Total liabilities 16,31,76,304
Total equity and liabilities 20,65,02,979
Footnotes
(A) The Disclosure in respect of the amounts payable to Micro and Small Enterprises have been made in the standalone Financial
Statements based on the information received and available with the company. Further in view of the Management, the impact of interest,
if any, that may be payable in accordance with the provisions of the Act is not expected to be material. The Company has not received
any claim for interest from any supplier as at the balance sheet date. These facts has been relied upon by the auditors.

62
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)
Classes of equity share capital [Axis]
Equity shares
[Member]
Equity shares 1
[Member]
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 425.22 [INR/shares] 425.22
Total basic earnings (loss) per share [INR/shares] 425.22 [INR/shares] 425.22
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 425.22 [INR/shares] 425.22
Total diluted earnings (loss) per share [INR/shares] 425.22 [INR/shares] 425.22

63
09/06/2017
to
31/03/2018
Statement of profit and loss [Abstract]
Income [Abstract]
Other income 27,28,923
Total income 49,77,08,496
Expenses [Abstract]
Cost of materials consumed 0
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
0
Employee benefit expense 10,88,26,126
Finance costs 1,47,178
Depreciation, depletion and amortisation expense 0
Other expenses 32,77,02,610
Total expenses 43,66,75,914
Profit before exceptional items and tax 6,10,32,582
Total profit before tax 6,10,32,582
Tax expense [Abstract]
Current tax 1,85,10,359
Total tax expense 1,85,10,359
Total profit (loss) for period from continuing operations 4,25,22,223
Total profit (loss) for period 4,25,22,223
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
presented net of tax
Yes
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
remeasurements of defined benefit plans
7,04,452
Total other comprehensive income that will not be reclassified
to profit or loss, net of tax
7,04,452
Other comprehensive income that will be reclassified to profit
or loss, net of tax, others
0
Total other comprehensive income that will be reclassified to
profit or loss, net of tax
0
Total other comprehensive income 7,04,452
Total comprehensive income 4,32,26,675
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
before tax
No
Other comprehensive income before tax [Abstract]
Total other comprehensive income 7,04,452
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 425.22
Total basic earnings (loss) per share [INR/shares] 425.22
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 425.22
Total diluted earnings (loss) per share [INR/shares] 425.22

64
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)
Components of equity [Axis] Equity [Member]
Equity attributable
to the equity
holders of the
parent [Member]
Reserves [Member]
Retained earnings
[Member]
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
09/06/2017
to
31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 4,25,22,223 4,25,22,223 4,25,22,223 4,25,22,223
Changes in comprehensive income components 7,04,452 7,04,452 7,04,452 7,04,452
Total comprehensive income 4,32,26,675 4,32,26,675 4,32,26,675 4,32,26,675
Total increase (decrease) in equity 4,32,26,675 4,32,26,675 4,32,26,675 4,32,26,675
Other equity at end of period 4,32,26,675 4,32,26,675 4,32,26,675 4,32,26,675
Statement of changes in equity [Table] ..(2)
Components of equity [Axis]
Other retained
earning [Member]
09/06/2017
to
31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 4,25,22,223
Changes in comprehensive income components 7,04,452
Total increase (decrease) in equity 4,32,26,675
Other equity at end of period 4,32,26,675

65
[320000] Cash flow statement, indirect
09/06/2017
to
31/03/2018
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 6,10,32,582
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 1,47,178
Adjustments for decrease (increase) in inventories -6,86,622
Adjustments for decrease (increase) in trade receivables, current -15,84,10,832
Adjustments for other financial assets, current (A) -3,83,39,973
Adjustments for increase (decrease) in trade payables, current 8,89,03,785
Adjustments for other financial liabilities, current (B) 7,21,56,642
Total adjustments for reconcile profit (loss) -3,62,29,822
Net cash flows from (used in) operations 2,48,02,760
Income taxes paid (refund) 1,74,43,526
Other inflows (outflows) of cash (C) -27,28,923
Net cash flows from (used in) operating activities 46,30,311
Cash flows from used in investing activities [Abstract]
Purchase of property, plant and equipment (D) 58,358
Other inflows (outflows) of cash (E) 27,28,923
Net cash flows from (used in) investing activities 26,70,565
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 1,00,000
Proceeds from borrowings 10,00,000
Interest paid (F) 98,134
Net cash flows from (used in) financing activities 10,01,866
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
83,02,742
Net increase (decrease) in cash and cash equivalents 83,02,742
Cash and cash equivalents cash flow statement at end of period 83,02,742
Footnotes
(A) Loans and other financial assets and other assets : -38339973
(B) Other financial liabilities, other liabilities and provision : 72156642
(C) Income from Mutual Funds : -2728923
(D) Payment of Capital expenditure on Property, Plant and Equipment, including capital advance & Capital Work in Progress : -58358
(E) Income from Mutual Fund : 2728923
(F) Finance Costs Paid : -98134
[610100] Notes - List of accounting policies
09/06/2017
to
31/03/2018
Disclosure of significant accounting policies [TextBlock]
[See below]

Adani Infrastructure and Management Services 2018 Annual Report.pdf

Adani Infrastructure and Management Services 2018 Annual Report.pdf

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Adani Infrastructure and Management Services 2018 Annual Report.pdf