Adani Properties Annual Report 2017.pdf

ADANI PROPERTIES PRIVATE LIMITED
Consolidated Financial Statements for period 01/04/2016 to 31/03/2017
[700300] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Name of company
ADANI PROPERTIES PRIVATE
LIMITED
Corporate identity number U45201GJ1995PTC026067
Permanent account number of entity AABCA3182H
Address of registered office of company
S H I K H A R N R A D A N I
HOUSEMITHAKHALI SIX ROAD
, NAVRANGPURA , Ahmedabad
, Ahmedabad , GUJARAT ,
INDIA - 380009
Type of industry
C o m m e r c i a l a n d
Industrial
Date of start of reporting period 01/04/2016 01/04/2015 01/04/2014
Date of end of reporting period 31/03/2017 31/03/2016 31/03/2015
Nature of report standalone consolidated Consolidated
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
[700400] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)
Auditors [Axis] 1
01/04/2016
to
31/03/2017
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
GOTHI KANTILAL
GOVABHAI
Firms registration number of audit firm 112054W
Membership number of auditor 127664
Address of auditors
303/304,
"Milestone", Nr.
Drive-in-Cinema,
Opp. T.V. Tower,
T h a l t e j ,
Ahmedabad-380
054.
Permanent account number of auditor or auditor's firm AAGFD1279G
SRN of form ADT-1 S34828939
Date of signing audit report by auditors 05/09/2017
Date of signing of balance sheet by auditors 05/09/2017

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ADANI PROPERTIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2016 to 31/03/2017
01/04/2016
to
31/03/2017
Disclosure in auditor’s report explanatory [TextBlock]
Textual information (1)
[See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
No

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Disclosure in auditor’s report explanatory [Text Block]
To the Members of Adani Properties Private Limited
Report on the Consolidated Ind AS Financial Statements
We have audited the accompanying consolidated Ind AS Financial Statements of Adani Properties Private Limited (hereinafter referred to as “the
Holding Company”), its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associates and jointly
controlled entities, comprising of the consolidated Balance Sheet as at 31st March, 2017, the consolidated Statement of Profit and Loss including
other comprehensive income, the consolidated Statement of Cash Flows and the consolidated Statement of Changes in Equity for the year then
ended, and a summary of significant accounting policies and other explanatory information (hereinafter referred to as ‘the consolidated Ind AS
Financial Statements’).
Management’s Responsibility for the Consolidated Ind AS Financial Statements
The Holding 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 of these consolidated Ind AS Financial Statements that give a true and fair view of the consolidated financial position,
consolidated financial performance including other comprehensive income, consolidated cash flows and consolidated changes in equity of the
Group, its associates and jointly controlled entities in accordance with accounting principles generally accepted in India, including the Accounting
Standards specified under Section 133 of the Act, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. The
respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for
maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group, its associates
and jointly controlled entities 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 consolidated Ind AS Financial Statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated Financial Statements by the
Directors of the Holding Company.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated Ind AS Financial Statements based on our audit.
While conducting the 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, issued by the Institute of Chartered Accountants of India, as 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 consolidated Ind AS Financial Statements are free from material misstatement.

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Independent Auditor’s Report
To the Members of AdaniProperties Private Limited (Continue)
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated Ind AS Financial
Statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the
consolidated Financial Statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control
relevant to the Holding Company’s preparation of the consolidated 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 accounting policies used and
the reasonableness of the accounting estimates made by the Holding Company’s Board of Directors, as well as evaluating the overall presentation
of the consolidated Ind AS Financial Statements.
We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in
paragraph (i) & (ii) of the Other Matters below, is sufficient and appropriate to provide a basis for our audit opinion on the consolidated Ind AS
Financial Statements.
Basis of Qualified Opinion
During the financial year ended 31st March, 2013, one of the subsidiary company, Adani Infrastructure and Developers Private Limited
(AIDPL)had incurred a loss of Rs. 22,27,50,000/- on cancellation of MOUs for sale of rights in properties which the company continues to
recognize as value to be realized under Other Non-Current Assets (which was shown under "Long Term Loans and Advances” in the previous
Balance Sheets as per IGAAP) for the reasons stated in Note 7. Had the said loss had been charged to the Statement of Profit and Loss for that
year, the total expenses and net loss for that year would have been higher by Rs. 22,27,50,000/-, and shareholders’ funds and long term loans and
advances as at 31st March, 2014, 31st March, 2015, 31st March, 2016 and other non-current assets as at 31st March 2017 would have been lower
by the said amount. This matter was also qualified in report on the financial statements for the year ended 31st March, 2014 and 31st March 2015
and 31st March 2016.
Qualified Opinion
Except for the possible effects of the matters described in the basis for Qualified Opinion paragraph above, in our opinion and to the best of our
information and according to the explanations given to us, and based on the consideration of reports of the other auditors and read with our
comments in sub paragraphs (i) and (ii) of the Emphasis of Matters paragraph below, the aforesaid consolidated IndAS 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 including the Ind AS, of the consolidated financial position of the Group, its associates and jointly controlled entities as at 31st
March, 2017, and their consolidated financial performance including other comprehensive income, their consolidated cash flows and consolidated
changes in equity for the year ended on that date.

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To the Members of AdaniProperties Private Limited (Continue)
Emphasis of Matter
We would like to draw attention to:
(i) the fact that some of the subsidiary companies are incurring continuous losses and have a negative net current assets position.
(ii) We draw attention to Note 50 of the Consolidated Financial Statements in respect of one of the Subsidiary Companies, Delhi Golf Link
Properties Private Limited (DGLPPL), which indicates that
though the net worth of the company is negative, the Management, on the basis of their estimates of market value of land, and by expecting a
stability in the lease income post completion of the construction of residential property, believes that it will have sufficient funds to meet its
liability for the next twelve months and hence continue to present its financial statements on a going concern basis and no adjustments to the
carrying values of assets and liabilities is considered necessary by the Management at this stage.
The above include matters wherein the auditors of the respective subsidiary companies have invited attention of the members of the respective
subsidiary companies.
Our opinion is not qualified/ modified in respect of these matters.
Other Matters

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(i) The accompanying consolidated financial statements include Financial statements of 7 subsidiaries which reflect total assets of Rs.
7,06,31,50,485/- as at 31st March, 2017 and total revenues of Rs.2,85,71,943/- and Net Loss after tax (after adjusting minority interest and other
comprehensiveincome) of Rs. 11,08,98,505/-for the year then ended, which have been audited by other auditors whose financial statements, other
financial information and auditor’s reports have been furnished to us by the management. Our opinion on the consolidated financial statements, in
so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of such other auditors.
(ii) The accompanying consolidated financial statements include the Group’s share of Net Profit after tax of Rs. 2,23,95,217/- for the year
ended 31st March, 2017, in respect of 7 Joint Ventures, which have been audited by other auditors, whose financial statements, other financial
information and auditor’s reports have been furnished to us by the management. Our opinion on the consolidated financial statements, in so far as
it relates to the amounts and disclosures included in respect of these joint ventures is based solely on the reports of such other auditors.
To the Members of Adani Properties Private Limited (Continue)
(iii) The accompanying consolidated financial statements include financial statements of 5 subsidiaries which reflect total assets of Rs.
92,29,97,65,437/- as at 31st March, 2017 and total revenues of Rs.1,05,54,276/- and Net Loss after tax (after adjusting minority interest and other
comprehensive income) of Rs. 2,94,83,393/- for the year then ended whose financial statements are unaudited and have been furnished to us by
the Management and our opinion on the consolidated financialstatements in so far as it relates to the amounts and disclosures included in respect
of these Subsidiaries is based solely on such unaudited financial statements.
(iv) The accompanying consolidated financial statements include the Group’s share of Net Loss after tax of Rs.4,14,372/- for the year ended
31st March, 2017, in respect of 4 Joint Venture and an Associate whose financial statements are unaudited and have been furnished to us by the
Management and our opinion on the consolidated financial statements in so far as it relates to the amounts and disclosures included in respect of
these joint ventures and associate is based solely on such unaudited financial statements.
Our opinion on the consolidated Ind AS Financial Statements, and our report on Other Legal and Regulatory Requirements below, is not modified
in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Statements
certified by the Management.

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Report on Other Legal and Regulatory Requirements
1. As required by sub section (3) of Section 143 of the Act, based on our audit and on the consideration of reports of the other auditors on the
separate Financial Statements of subsidiaries, associates and jointly controlled entities incorporate in India, referred to in the Other Matters
paragraph, we report, to the extent applicable, 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
purpose of our audit of the aforesaid consolidated Ind AS Financial Statements;
(b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated Ind AS Financial Statements
have been kept so far as it appears from our examination of those books and the reports of the other auditors;
(c) The consolidated Balance Sheet, the consolidated Statement of Profit and Loss (including Other Comprehensive Income), the consolidated
Cash Flow Statement and the consolidated Statement of Changes in Equity dealt with by this Report are in agreement with the books of account
maintained for the purpose of preparation of the consolidated Ind AS Financial Statements;
(d) In our opinion, the aforesaid consolidated 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 of the Holding Company as on 31st March, 2017 taken on record by
the Board of Directors of the Holding Company and the reports of the statutory auditors of its subsidiary companies and jointly controlled entities
incorporated in India, none of the directors of the Group companies, associates and jointly controlled entities incorporated in India are disqualified
as on 31st March, 2017 from being appointed as a director in terms of Section 164 (2) of the Act;
(f) With respect to the adequacy and the operating effectiveness of the internal financial controls over financial reporting of the Holding
Company, its subsidiaries and jointly controlled entities incorporated in India and the operating effectiveness of such controls, refer to our
separate report in “Annexure A” to this report;
(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 and based on the consideration of the
report of the other auditors on separate financial, as noted in the ‘Other Matters’ paragraph:
i. The consolidated Ind AS Financial Statements disclose the impact of pending litigations on the consolidated financial position of the
Group, its associate and jointly controlled entities – Refer Note 43 to the consolidated Ind AS Financial Statements;

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ii. The group did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
iii. There were no amounts which were required to be transferred to the investor Education and Protection Fund
iv. The company has provided requisite disclosures in its consolidated Ind AS Financial Statements (vide Note no. 47 to consolidatedInd AS
Financial Statements) as to holdings as well as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th December,
2016 and these are in accordance with the books of accounts maintained by the company. We have relied on the management representation for
disclosure of denomination wise details.
Annexure – A to the Independent Auditor’s Report on the Consolidated Ind AS Financial Statements of AdaniProperties Private Limited
(Referred to in paragraph 1 (f) of Report on Other Legal and Regulatory Requirements 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 AdaniProperties Private Limited (the Holding Company), its
subsidiariesand jointly controlled entities, which are companies incorporated in India, as of 31st March, 2017 in conjunction with our audit of the
consolidated Ind AS Financial Statements of the Company as of and for the year ended on that date.
Management’s Responsibilities for Internal Financial Controls
The respective Board of Directors of the Holding company, its subsidiaries, associates and jointly controlled entities, which are companies
incorporated in India, are responsible for establishing and maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Holding 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
(‘ICAI’). 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 the respective 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 Act.
Auditor’s Responsibility

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Our responsibility is to express an opinion on the Holding Company, its subsidiaries, associate and jointly controlled entities, which are
companies incorporated in India, internal financial controls over financial reporting based on our audit. We conducted our audit in accordance
with the Guidance Note and the Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 143(10) of the Act, 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 ICAI.
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 consolidated Ind AS Financial Statements, whether due to fraud or error.
We believe that the audit evidence we have obtained and the audit evidence obtained by the other auditors in terms of their reports referred to in
the Other Matters paragraph below is sufficient and appropriate to provide a basis for our audit opinion on the internal financial controls system
over financial reporting.
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

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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.
Opinion
In our opinion, to the best of our information and according to the explanations given to us and based on the consideration of reports of the other
auditors, as referred to in Other Matters paragraph, the Holding Company, its subsidiaries and jointly controlled entities, which are companies
incorporated in India, have maintained, 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 31stMarch, 2017, based on the internal control over financial
reporting criteria established by the Holding Company considering the essential components of internal control stated in the Guidance Note issued
by the ICAI.
Other Matters
Our report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over financial
reporting of the Holding Company, its subsidiaries, associates and jointly controlled entities, which are companies incorporated in India, in so far
as it relates to separate financial statements of 7 subsidiaries and7 jointly controlled entitiesis based on the corresponding reports of the auditors of
such subsidiaries and jointly controlled entities, which are companies incorporated in India.
We do not comment on the adequacy and operating effectiveness of the internal financial controls over financial reporting of 5 Subsidiaries, 4
jointly controlled entity and 1 associatesincorporated in India, whose financial statements are unaudited and have been furnished to us by the
Management.

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[110000] Balance sheet
31/03/2017 31/03/2016 31/03/2015
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 183,85,15,055 166,03,53,677 122,04,12,798
Capital work-in-progress 94,67,18,602 72,25,24,060 2,16,88,815
Investment property 310,53,76,092 254,97,75,660 232,35,32,434
Other intangible assets (A) 354,25,96,430 (B) 354,42,87,917 (C) 318,73,35,253
Non-current financial assets [Abstract]
Non-current investments 8,612,11,61,068 5,965,20,37,526 6,349,41,16,236
Loans, non-current 1,039,22,25,878 734,26,56,016 23,50,52,679
Other non-current financial assets 7,10,72,740 5,19,04,932 6,46,48,746
Total non-current financial assets 9,658,44,59,686 6,704,65,98,474 6,379,38,17,661
Deferred tax assets (net) 13,30,06,851 11,61,44,047 6,43,92,110
Other non-current assets (D) 200,06,15,850 (E) 195,97,03,764 (F) 167,16,22,192
Total non-current assets 10,815,12,88,566 7,759,93,87,599 7,228,28,01,263
Current assets [Abstract]
Inventories 5,017,58,25,266 4,658,63,44,763 4,475,26,62,808
Current financial assets [Abstract]
Current investments 57,60,84,967 17,67,56,741 35,30,00,670
Trade receivables, current 27,39,17,424 554,07,32,589 57,19,04,813
Cash and cash equivalents 33,74,61,850 31,13,39,243 10,27,48,660
Bank balance other than cash and cash equivalents (G) 30,13,69,315
69,57,75,587 33,23,75,104
Loans, current 2,265,40,12,855 2,410,07,12,306 122,16,02,110
Other current financial assets 299,18,92,713 383,55,99,080 267,43,61,051
Total current financial assets 2,713,47,39,124 3,466,09,15,546 525,59,92,408
Other current assets 328,90,61,256 223,28,84,682 119,54,51,657
Total current assets 8,059,96,25,646 8,348,01,44,991 5,120,41,06,873
Total assets 18,875,09,14,212 16,107,95,32,590 12,348,69,08,136
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 12,90,17,850 12,90,17,850 12,90,17,850
Other equity (H) 7,408,43,77,339
7,732,09,55,615 8,216,03,89,765
Total equity attributable to owners of parent 7,421,33,95,189 7,744,99,73,465 8,228,94,07,615
Non controlling interest 2,548,23,92,653 73,20,38,556 8,43,99,301
Total equity 9,969,57,87,842 7,818,20,12,021 8,237,38,06,916
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 1,935,07,91,369 2,263,87,24,844 567,38,01,062
Other non-current financial liabilities 142,27,61,582 87,69,78,407 72,22,49,303
Total non-current financial liabilities 2,077,35,52,951 2,351,57,03,251 639,60,50,365
Provisions, non-current 11,61,81,914 11,21,56,451 3,26,34,046
Other non-current liabilities 44,10,86,453 17,05,85,405 22,74,47,206
Total non-current liabilities 2,133,08,21,318 2,379,84,45,107 665,61,31,617
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 4,342,97,90,920 3,692,28,59,979 2,297,70,35,024
Trade payables, current 222,07,52,014 412,08,91,051 192,44,23,636
Other current financial liabilities 1,152,53,47,358 831,42,91,451 618,62,31,044
Total current financial liabilities 5,717,58,90,292 4,935,80,42,481 3,108,76,89,704
Other current liabilities 1,049,57,17,349 970,71,87,870 335,59,38,857
Provisions, current 5,08,54,066 3,32,22,570 1,33,41,042
Current tax liabilities 18,43,345 6,22,541 0

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Total current liabilities 6,772,43,05,052 5,909,90,75,462 3,445,69,69,603
Total liabilities 8,905,51,26,370 8,289,75,20,569 4,111,31,01,220
Total equity and liabilities 18,875,09,14,212 16,107,95,32,590 12,348,69,08,136
Footnotes
(A) Intangible Assets : 6865358 Goodwill on Consolidation : 3535731072
(B) Intangible Assets : 8556845 Goodwill on Consolidation : 3535731072
(C) Intangible Assets : 10502888Goodwill on Consolidation : 3176832365
(D) Other Non-Current Assets : 1648161730 Income Tax Assets (net) : 352454120
(E) Other Non-Current Assets : 1650605941 Income Tax Assets (net) : 309097823
(F) Other Non-Current Assets : 1536375852Income Tax Assets (net) : 135246340
(G) Balances with bank held as margin money or security against the borriwings,gurantee and commitment
(H) ALDPL The Company received USD 10,90,00,000 (Equivalent to Rs. 6,06,28,80,500) in the financial year 2012-13 from Vakoder
Investments Limited, a limited Company incorporated in Cyprus. Against the amount so received, Company has issued 6,06,28,805
Compulsorily Convertible Debentures (CCD) each of face value of Rs. 100. The CCDs were due for conversion in Jan'16 Vide
Agreement dated August 10, 2012, the maturity period of the CCDs however could be further extendable for further 3 Years. 6,06,28,805
Compulsorily Convertible Debentures (CCD) of face value of Rs. 100/- each. The original Debenture Subscription Agreement dated
August 10, 2012 provided 9% simple interest per annum payable on half yearly basis, however, supplementary agreement dated February
11, 2013 for the same provided that the description to pay interest by the Investee Company shall depend on the viability and visibility of
the project, to the satisfaction of the Investee Company. Accordingly company has decided not to provide/pay interest in the current
financial year. The Conversion period shall be on expiry of 3 years from the date of issuance of the Investor's CCDs, extendable for
further 3 additional one year period with the mutual consent of the parties. vide Agreement dated August 10, 2012, supplementary
agreement dated February 11, 2013 for the same provided that the Investor is entitled to 73 number of Equity Shares for 1,000 number of
Debentures held, after conversion. The company vide agreement date 9th August,2015 agreed to amend and extend the conversion period
of three additional one year period of conversion as mentioned under clause (i) of the Annexure 1 of the original agreement and the
period of converting the CCD's into Equity shares of the company under the original agreement is now agreed and extended until August
10, 2018 and that the CCDs have been converted into the Equity Shares of the company at anytime within said extended period of 3
years. The Company received Rs.3,15,33,34,400 in the financial year 2015-16 from RVG Exim DMCC, a company incorporated in
U.A.E. Against the amount so received, Company has issued 3,15,33,344 Compulsorily Convertible Debentures (CCD) each of face
value of Rs. 100. The Debentures shall be compulsorily convertible any time after 3 years period from the date of issue but on or before
31st December, 2025. - 3,15,33,344 Compulsorily Convertible Debentures (CCD) of face value of Rs. 100/- each. The default interest
rate is Nil unless decided otherwise mutually between the investor and the company. - The Debentures shall be compulsorily convertible
any time after 3 years period from the date of issue but on or before 31st December, 2025. Each Investor’s CCDs shall be convertible by
the Company into such number of Equity Shares as determined pursuant to the Conversion Ratio, defined below. The number of Equity
Shares to be issued upon conversion of Investor’s CCDs will be calculated according to the following formula: No. Of Equity Shares =
Number of Investor’s CCDs being converted X Conversion Ratio Where, “Conversion Ratio” = Investor’s CCDs face value (Rs. 100) /
Price per Equity Share. Where, Price per Equity Share = (a) Fair value per Equity Shares determined at the time of issuance of Investor’s
CCDs as per discounted free cash flow method of valuation; or (b) Fair value per Equity Shares determined at the time of Investor’s
CCDs as per valuation methodology agreed between the Parties, whichever is higher. Accordingly 73 Equity shares will be issued per
1000 debentures. The Company received Rs. 50,26,37,800 in the financial year 2016-17 from RVG Exim DMCC, a company
incorporated in U.A.E. Against the amount so received, Company has issued 50,26,378 Compulsorily Convertible Debentures (CCD)
each of face value of Rs. 100. The Debentures shall be compulsorily convertible any time after 3 years period from the date of issue but
on or before 31st December, 2027. - 50,26,378 Compulsorily Convertible Debentures (CCD) of face value of Rs. 100/- each. - The
default interest rate is Nil unless decided otherwise mutually between the investor and the company. - The Debentures shall be
compulsorily convertible any time after 3 years period from the date of issue but on or before 31st December, 2037. Each Investor’s
CCDs shall be convertible by the Company into such number of Equity Shares as determined pursuant to the Conversion Ratio, defined
below. The number of Equity Shares to be issued upon conversion of Investor’s CCDs will be calculated according to the following
formula: No. Of Equity Shares = Number of Investor’s CCDs being converted X Conversion Ratio Where, “Conversion Ratio” =
Investor’s CCDs face value (Rs. 100) / Price per Equity Share. Where, Price per Equity Share = (a) Fair value per Equity Shares
determined at the time of issuance of Investor’s CCDs as per discounted free cash flow method of valuation; or (b) Fair value per Equity
Shares determined at the time of Investor’s CCDs as per valuation methodology agreed between the Parties, whichever is higher
Accordingly 73 Equity shares will be issued per 1000 debentures. AEPL 6,09,45,698 Compulsorily Convertible Debentures (CCD) each
of face value of Rs. 100/- each. The original Debenture Subscription Agreement dated June 06, 2012 provided that 'simple interest rate
per annum payable on half yearly basis' to be mutually agreed at the time of allotment, supplement agreement dated August 6,2012
provided 9% rate of interest for the same. However, supplementary agreement dated September 10, 2012 for the same provided that the
discretion to pay interest by the Investee Company shall depend on the viability and visibility of the project, to the satisfaction of the
Investee Company. Accordingly company has decided not to provide/pay interest in the current financial year. The Conversion period
shall be on expiry of 3 years from the date of issuance of the Investor's CCDs, extendable for further 3 additional one years with the
mutual consent of the parties. vide Agreement dated June 06, 2012, supplementary agreement dated September 10, 2012 for the same
provided that the Investor is entitled to 10,15,76,163 no of Equity Shares after conversion. The company vide agreement date 5th
June,2015 agreed to amend and extend the conversion period of three additional one year period of conversion as mentioned under clause
(i) of the Annexure 1 of the original agreement and the period of converting the CCD's into Equity shares of the company under the
original agreement is now agreed and extended until 5th June ,2018 and that the CCDs have been converted into the Equity Shares of the
company at anytime within said extended period of 3 years.

13
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
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] -27.14 [INR/shares] -2.35
Basic earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total basic earnings (loss) per share [INR/shares] -27.14 [INR/shares] -2.35
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -27.14 [INR/shares] -2.35
Diluted earnings (loss) per share from discontinued operations [INR/shares] 0 [INR/shares] 0
Total diluted earnings (loss) per share [INR/shares] -27.14 [INR/shares] -2.35

14
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 1,320,08,73,790 1,430,65,97,413
Other income 352,55,83,658 155,64,62,646
Total income 1,672,64,57,448 1,586,30,60,059
Expenses [Abstract]
Cost of materials consumed (A) 550,25,95,430 (B) 567,02,32,294
Purchases of stock-in-trade (C) 505,70,20,772 (D) 734,36,86,818
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
-5,40,135 0
Employee benefit expense 121,32,32,522 51,90,94,143
Finance costs 419,91,09,995 135,83,21,266
Depreciation, depletion and amortisation expense 5,23,60,132 3,20,89,808
Expenditure on production, transportation and other expenditure
pertaining to exploration and production activities
0 0
Other expenses (E) 77,94,16,904 (F) 75,85,71,785
Total expenses 1,680,31,95,620 1,568,19,96,114
Profit before exceptional items and tax -7,67,38,172 18,10,63,945
Total profit before tax -7,67,38,172 18,10,63,945
Tax expense [Abstract]
Current tax (G) 15,84,90,539 (H) 11,29,89,416
Deferred tax -2,17,25,356 -40,49,280
Total tax expense 13,67,65,183 10,89,40,136
Total profit (loss) for period from continuing operations -21,35,03,355 7,21,23,809
Share of profit (loss) of associates and joint ventures accounted for
using equity method
-15,53,57,922 -13,05,15,923
Total profit (loss) for period -36,88,61,277 -5,83,92,114
Profit or loss, attributable to non-controlling interests -1,11,68,582 32,45,461
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
presented net of tax
No No
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
76,01,579 3,12,63,932
Total other comprehensive income that will not be reclassified
to profit or loss, net of tax
76,01,579 3,12,63,932
Total other comprehensive income 76,01,579 3,12,63,932
Total comprehensive income -36,12,59,698 -2,71,28,182
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
before tax
No No
Other comprehensive income before tax [Abstract]
Total other comprehensive income 76,01,579 3,12,63,932
Total comprehensive income -36,12,59,698 -2,71,28,182
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]

15
Footnotes
(A) Finished Goods : 32229747 Material at site : 1584294141 Work-in-Progress : 42512522067 Add: Construction Cost incurred during
the year Construction Expenses : 4331682165 Cost of Land Purchased : 552636888 Depreciation : 15039274 Personal Expenses :
370290148 Finance Cost : 1889729515 Other Expenses : 789638855 : 0 Finished Goods : 0 Work-in-Progress : -47028657579 Material
at site : -476010291 Finishing Cost Reversed(Refer below Note: a) : -217417933 Add: Other Operating Expenses : 405916288 Refund
paid back reversed(Refer below Note: b) : 740702145 Note: (a) SEMPL : Note (1) : As per MOU signed with Adani Township & Real
Estate Company Private Limited (" ATRECO ") as on 1st April, 2016, Company has reversed cost of villa construction related to
Finishing cost, the same is reduced from the Inventory and transferred to ATRECO. Note 2 : As per Development right cancellation
agreement dated 24th September, 2016 entered into with Adani Township & Real Estate Company Private Limited ( " ATRECO " ), the
Company has paid consideration for cancellation of Development right to ATRECO for which rights were given as per original
Development right agreement dated 9th March, 2011. Note: (b) ADPL: The Company vide Development Agreement (the Agreement)
entered into with Housing Development and Infrastructure Limited ("HDIL" or "Transferor") has obtained Development Rights in
respect of land owned by HDIL (as defined in the Agreement) for development and subsequent commercial exploitation of the proposed
complex. Pursuant to the Agreement, in consideration of the Company obtaining Development Rights, the Company has paid a sum of
Rs. 10,650,000,000 towards consideration for obtaining Development Rights. During the year 2011-2012, the Company had received
refunds of Rs. 5,81,82,63,476 from the Transferor of Development Rights pursuant to the Supplementary Agreement dated 20th March,
2012. During the current year an amount of Rs. 74,07,02,145 (31st March, 2016 : Rs. 21,86,00,000) has been repaid to the Transferor on
performance by it of its obligations as per the revised timeframes.
(B) Finished Goods : 32229747 Material at site : 621145343 Work-in-Progress : 41210991686 Add: Construction Cost incurred during
the year Construction Expenses : 4452048474 Cost of Land Purchased : 1151534721 Depreciation : 12636485 Personal Expenses :
352710118 Finance Cost : 1353506098 Other Expenses : 393875577 : 0 Finished Goods : -32229747 Work-in-Progress : -42447691553
Material at site : -1649124655 Finishing Cost Reversed(Refer below Note: a) : 0 Add: Other Operating Expenses : 0 Refund paid back
reversed(Refer below Note: b) : 218600000
(C) Purchases of Traded Goods : 3926794956 Purchases of Material and Services : 1130225816
(D) Purchases of Traded Goods : 2166111801 Purchases of Material and Services : 5177575017
(E) Operation and Maintenance Expenses : 20755164 Other Expenses : 758661740
(F) Operation and Maintenance Expenses : 22289969 Other Expenses : 736281816
(G) Current Tax : 155521500 Mat Credit Utilization : 1635056 Short/(Excess) Provision for Tax of earlier years : 1333983
(H) Current Tax : 114569957 Mat Credit Utilization : 44809 Short/(Excess) Provision for Tax of earlier years : -1625350
[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]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -36,88,61,277 -5,83,92,114 -36,88,61,277
Changes in comprehensive income components 1,87,70,160 2,80,18,471 0 1,87,70,160
Total comprehensive income -35,00,91,117 -3,03,73,643 0 -35,00,91,117
Other changes in equity [Abstract]
Other additions to reserves -288,64,87,159 -480,90,60,507 0 -288,64,87,159
Total other changes in equity -288,64,87,159 -480,90,60,507 0 -288,64,87,159
Total increase (decrease) in equity -323,65,78,276 -483,94,34,150 0 -323,65,78,276
Other equity at end of period 7,408,43,77,339 7,732,09,55,615 8,216,03,89,765 7,408,43,77,339

16
Components of equity [Axis]
Equity attributable to the equity holders
of the parent [Member]
Equity component of financial
instrument [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Equity [Abstract]
Profit (loss) for period -5,83,92,114 0 0 0
Changes in comprehensive income components 2,80,18,471
Total comprehensive income -3,03,73,643 0 0 0
Other additions to reserves -480,90,60,507 50,26,37,804 315,33,34,399
Total other changes in equity -480,90,60,507 50,26,37,804 315,33,34,399
Total increase (decrease) in equity -483,94,34,150 0 50,26,37,804 315,33,34,399
Equity component
of financial
instrument
[Member]
Reserves [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Equity [Abstract]
Profit (loss) for period 0 -36,88,61,277 -5,83,92,114 0
Changes in comprehensive income components 1,87,70,160 2,80,18,471
Total comprehensive income 0 -35,00,91,117 -3,03,73,643 0
Other additions to reserves -338,91,24,963 -796,23,94,906
Total other changes in equity -338,91,24,963 -796,23,94,906
Total increase (decrease) in equity 0 -373,92,16,080 -799,27,68,549 0
Components of equity [Axis] Capital reserves [Member]
Securities premium
reserve [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Equity [Abstract]
Profit (loss) for period 0 0 0 0
Total comprehensive income 0 0 0 0
Total increase (decrease) in equity 0 0 0 0
Other equity at end of period 200,45,02,500 200,45,02,500 200,45,02,500 503,77,73,061

17
Components of equity [Axis] Securities premium reserve [Member]
Debenture
redemption reserve
[Member]
General reserve
[Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
Equity [Abstract]
Other additions to reserves 126,25,00,000
Total other changes in equity 126,25,00,000
Total increase (decrease) in equity 0 0 126,25,00,000 0
Other equity at end of period 503,77,73,061 503,77,73,061 126,25,00,000 1,675,07,84,097
Components of equity [Axis] General reserve [Member] Other funds [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Equity [Abstract]
Other additions to reserves (A) 30,95,46,728 (B) 59,36,89,851
Total other changes in equity 30,95,46,728 59,36,89,851
Total increase (decrease) in equity 30,95,46,728 0 0 59,36,89,851
Other equity at end of period 1,675,07,84,097 1,644,12,37,369 59,36,89,851 59,36,89,851
(A) On Account of Merger
(B) deemed equity
Components of equity [Axis] Retained earnings [Member]
Other retained
earning [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Equity [Abstract]
Profit (loss) for period -36,88,61,277 -5,83,92,114 0 -36,88,61,277
Changes in comprehensive income components 1,87,70,160 2,80,18,471 1,87,70,160
Total comprehensive income -35,00,91,117 -3,03,73,643 0 -35,00,91,117
Other additions to reserves -126,24,82,617 -2,16,10,642 -126,24,82,617
Total other changes in equity -126,24,82,617 -2,16,10,642 -126,24,82,617
Total increase (decrease) in equity -161,25,73,734 -5,19,84,285 0 -161,25,73,734
Other equity at end of period 692,98,71,288 854,24,45,022 859,44,29,307 692,98,71,288

18
Components of equity [Axis] Other retained earning [Member] Other reserves [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Equity [Abstract]
Profit (loss) for period -5,83,92,114 0 0 0
Changes in comprehensive income components 2,80,18,471
Total comprehensive income -3,03,73,643 0 0 0
Other additions to reserves (A) -2,16,10,642 -338,91,42,346 -884,40,20,843
Total other changes in equity -2,16,10,642 -338,91,42,346 -884,40,20,843
Total increase (decrease) in equity -5,19,84,285 0 -338,91,42,346 -884,40,20,843
Other equity at end of period 854,24,45,022 859,44,29,307 2,569,18,34,039 2,908,09,76,385
Description of nature of other reserves
FVOCI - equity
investments
FVOCI - equity
investments
Footnotes
(A) On Account of Consolidation Adjustment 34714506 Ind AS Adjustments (56325149)
Other reserves
[Member]
31/03/2015
Equity [Abstract]
Profit (loss) for period 0
Total comprehensive income 0
Total increase (decrease) in equity 0
Other equity at end of period 3,792,49,97,228
Description of nature of other reserves
FVOCI - equity
investments

19
[320000] Cash flow statement, indirect
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
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 tax -7,67,38,172 18,10,63,945
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 419,90,16,250 135,82,83,692
Adjustments for decrease (increase) in inventories -169,97,50,987 53,44,39,157
Adjustments for decrease (increase) in trade receivables, current 526,68,15,165 -221,18,19,631
Adjustments for decrease (increase) in other current assets -105,48,74,365 -4,98,20,938
Adjustments for decrease (increase) in other non-current assets 1,17,38,963 -5,13,05,381
Adjustments for other financial assets, current 55,05,79,673 -21,36,57,491
Adjustments for increase (decrease) in trade payables, current -189,15,11,809 65,34,03,346
Adjustments for increase (decrease) in other current liabilities 79,00,27,978 540,65,48,101
Adjustments for depreciation and amortisation expense 5,23,60,132 3,20,89,807
Adjustments for provisions, current 1,58,98,452 -2,83,03,900
Adjustments for provisions, non-current 27,75,463 -75,28,286
Adjustments for other financial liabilities, current 502,10,56,244 24,47,42,664
Adjustments for other financial liabilities, non-current 60,24,71,100 -1,02,73,940
Adjustments for unrealised foreign exchange losses gains 90,47,784 -1,86,48,623
Adjustments for dividend income 42,250 33,41,38,281
Adjustments for interest income 328,75,78,228 111,41,41,890
Other adjustments to reconcile profit (loss) -5,26,68,062 -2,55,47,945
Other adjustments for non-cash items -3,56,80,743 75,15,510
Total adjustments for reconcile profit (loss) 849,96,80,760 417,18,35,971
Net cash flows from (used in) operations 842,29,42,588 435,28,99,916
Income taxes paid (refund) 19,72,60,425 26,61,13,899
Other inflows (outflows) of cash 0 0
Net cash flows from (used in) operating activities 822,56,82,163 408,67,86,017
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment -46,37,20,570 -76,42,21,278
Purchase of investment property 55,56,00,433 22,62,43,226
Dividends received (A) 42,250 (B) 33,41,38,779
Interest received 358,07,04,922 122,47,77,284
Other inflows (outflows) of cash (C) -681,11,60,697 (D) -2,111,75,53,035
Net cash flows from (used in) investing activities -424,97,34,528 -2,054,91,01,476
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 3 0
Proceeds from issuing debentures notes bonds etc 50,26,37,800 315,33,34,400
Proceeds from borrowings 1,710,62,61,328 2,135,06,93,659
Repayments of borrowings 1,421,84,67,712 570,37,97,180
Interest paid 733,97,56,447 216,99,70,755
Other inflows (outflows) of cash (E) -5,00,000 (F) 4,06,45,918
Net cash flows from (used in) financing activities -394,98,25,028 1,667,09,06,042
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
2,61,22,607 20,85,90,583
Net increase (decrease) in cash and cash equivalents 2,61,22,607 20,85,90,583
Cash and cash equivalents cash flow statement at end of period 33,74,61,850 31,13,39,243 10,27,48,660

20
Footnotes
(A) Dividend from Non Current investments : 42250 Dividend Income from Current Investments : 0
(B) Dividend from Non Current investments : 333704211 Dividend Income from Current Investments : 434568
(C) Non Current Financial Asset-Loan : -3049531545 Non Current Other Fiancial Assets : 24049582 Fixed Deposit with Bank :
362406272 Current Asset-Loan : 1445397242 Purchase of Non Current Investments : -6156888357 Sale of non Current Investments :
937154500 PurchaseSale of Current Investments(Net) : -373748391
(D) Non Current Financial Asset-Loan : -7107632858 Non Current Other Fiancial Assets : 19064965 Fixed Deposit with Bank :
-268708742 Current Asset-Loan : -7323297499 Purchase of Non Current Investments : -6638578799 Sale of non Current Investments :
15000 PurchaseSale of Current Investments(Net) : 201584898
(E) Add: Cash and Cash Equivalents of Acquired Companies : -500000
(F) Add: Cash and Cash Equivalents of Acquired Companies : 40645918
[610100] Notes - List of accounting policies
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of significant accounting policies [TextBlock]
[See below]
A s
Below
Description of accounting policy for foreign currency translation
[TextBlock]
[See below]
Disclosure of significant accounting policies [Text Block]
Corporate Information
Adani Properties Private Limited (“the Company” ‘APPL’). The company had been incorporated on 25th day of May, 1995 with
Corporate Identification Number (CIN) U45201GJ1995PTC026067. APPL along with its subsidiaries and other group companies (“the
Group”) has main object to let-out and/or lease immovable properties, wholesale trading of commodities and also engaged in the
business of construction, development and lease of properties and financial services and non banking financial services.

21
Description of accounting policy for foreign currency translation [Text Block]
Foreign Currency Transactions
The Company’s financial statements are presented in INR, which is also the parent company’s functional currency. For each entity the
Company determines the functional currency and items included in the financial statements of each entity are measured using that
functional currency.
Transactions and balances
(i) Initial Recognition
Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.
(ii) Conversion
At the year end, monetory items denominated in foreign currencies, if any, are converted into Indian Rupee equivalents at exchange rate
prevailing on the balance sheet date.
(iii) Exchange Differencies
Exchange differences arising on settlement or translation of monetary items are recognized in profit or loss.
Exchange differences arising on long-term foreign currency monetary items (including funds used for projects work in progress)
recognised in the financial statements for the year ended March 31, 2016 and related to acquisition of a fixed asset are capitalized and
depreciated over the remaining useful life of the asset.
Exchange differences arising on long-term foreign currency monetary items (including funds used for projects work in progress)
recognised in the financial statements for the year ended March 31, 2016 and related to Real Estate Project expenses are Inventorised
and charged to Profit & Loss Account based on Percentage of complition method.

22
[610200] Notes - Corporate information and statement of IndAs compliance
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Statement of Ind AS compliance [TextBlock]
A s
provided
As provided
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Description of reason why reclassification of comparative amounts is
impracticable
not applicable not applicable
Description of nature of necessary adjustments to provide comparative
information
Disclosure of significant accounting policies [TextBlock]
[See below]
A s
Below
Disclosure of significant accounting policies [Text Block]
Corporate Information
Adani Properties Private Limited (“the Company” ‘APPL’). The company had been incorporated on 25th day of May, 1995 with
Corporate Identification Number (CIN) U45201GJ1995PTC026067. APPL along with its subsidiaries and other group companies (“the
Group”) has main object to let-out and/or lease immovable properties, wholesale trading of commodities and also engaged in the
business of construction, development and lease of properties and financial services and non banking financial services.

23
[610300] Notes - Accounting policies, changes in accounting estimates and errors
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
current period or any prior period
No No
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No
[400600] Notes - Property, plant and equipment
Disclosure of additional information about property plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of additional information about
property plant and equipment [Abstract]
property plant and equipment [Line items]
Depreciation method, property, plant and
equipment
Refer to child
member
Refer to child member NA NA
Useful lives or depreciation rates, property,
plant and equipment
Refer to child
member
Refer to child member NA NA
Whether property, plant and equipment are
stated at revalued amount
No No No No
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Office building
[Member]
Sub classes of property, plant and equipment [Axis]
Owned assets
[Member]
Owned and leased assets [Member]
Owned and leased
assets [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
equipment
NA
Refer to child
member
Refer to child member
Refer to child
member
plant and equipment
NA
Refer to child
member
Refer to child
member
No No No No

24
Classes of property, plant and equipment [Axis] Office building [Member]
Owned and leased
assets [Member]
Owned assets [Member]
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
equipment
Refer to child
member
SLM SLM SLM
plant and equipment
Refer to child
member
A S P E R
SCHEDULE II
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
No No No No
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
equipment
Refer to child
member
Refer to child
member
plant and equipment
Refer to child
member
Refer to child
member
No No No No
Classes of property, plant and equipment [Axis] Factory equipments [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
equipment
SLM SLM
Refer to child
member
plant and equipment
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
Refer to child
member
No No No No

25
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
equipment
Refer to child
member
Refer to child member SLM SLM
plant and equipment
Refer to child
member
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
No No No No
Classes of property, plant and equipment [Axis]
Motor vehicles
[Member]
Office equipment [Member]
Owned assets
[Member]
Owned assets
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
equipment
SLM
Refer to child
member
Refer to child member SLM
plant and equipment
A S P E R
SCHEDULE II
Refer to child
member
A S P E R
SCHEDULE II
No No No No
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
equipment
SLM SLM
Refer to child
member
plant and equipment
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
Refer to child
member
No No No No

26
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of additional information about property plant and
equipment [Abstract]
Disclosure of additional information about property plant and
equipment [Line items]
Depreciation method, property, plant and equipment SLM SLM SLM
Useful lives or depreciation rates, property, plant and equipment
A S P E R
SCHEDULE II
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
Whether property, plant and equipment are stated at revalued
amount
No No No
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount
[Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
31/03/2017 31/03/2016 31/03/2015
01/04/2016
to
31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and
equipment
26,46,32,457
Disposals and retirements, property,
Disposals, property, plant and
equipment
2,87,01,745
Total disposals and retirements,
property, plant and equipment
2,87,01,745
Total increase (decrease) in property,
plant and equipment
23,59,30,712
Property, plant and equipment at end of
period
183,85,15,055 166,03,53,677 122,04,12,798 194,29,09,789

27
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
50,96,74,651
Depreciation, property, plant and
Depreciation recognised in profit or
loss
6,33,38,875 4,66,25,400
Total Depreciation property plant and
equipment
6,33,38,875 4,66,25,400
equipment
2,31,08,372 55,69,541
2,31,08,372 55,69,541
plant and equipment
48,65,66,279 0 5,77,69,334 4,66,25,400
period
170,69,79,077 122,04,12,798 10,43,94,734 4,66,25,400

28
Property, plant and
equipment
[Member]
Land [Member]
Owned and leased
assets [Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
98,03,059 37,09,466
loss
-27,14,693
equipment
-27,14,693
equipment
1,62,49,219
1,62,49,219
plant and equipment
0 70,88,366 -1,25,39,753 0
period
0 83,95,67,528 83,24,79,162 84,50,18,915

29
[Axis]
Accumulated
depreciation and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
98,03,059 37,09,466
loss
27,14,693
equipment
27,14,693
equipment
1,62,49,219
1,62,49,219
plant and equipment
98,03,059 -1,25,39,753 0 27,14,693
period
84,22,82,221 83,24,79,162 84,50,18,915 27,14,693

30
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
98,03,059 37,09,466
loss
-27,14,693
equipment
-27,14,693
equipment
1,62,49,219
1,62,49,219
plant and equipment
0 0 70,88,366 -1,25,39,753
period
0 0 83,95,67,528 83,24,79,162
[Axis]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
98,03,059 37,09,466
equipment
1,62,49,219
1,62,49,219
plant and equipment
0 98,03,059 -1,25,39,753 0
period
84,50,18,915 84,22,82,221 83,24,79,162 84,50,18,915

31
Buildings
[Member]
Owned and leased
assets [Member]
[Axis]
Accumulated depreciation and impairment [Member]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
2,38,66,751
loss
27,14,693 -73,20,555
equipment
27,14,693 -73,20,555
equipment
21,858
21,858
plant and equipment
27,14,693 0 0 1,65,24,338
period
27,14,693 0 0 61,68,94,346

32
Classes of property, plant and equipment [Axis] Buildings [Member]
amount [Axis]
Carrying amount [Member] Gross carrying amount [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
43,87,37,914 2,38,66,751 43,87,37,914
loss
-59,15,490
equipment
-59,15,490
equipment
67,88,450 1,00,000 67,88,450
67,88,450 1,00,000 67,88,450
plant and equipment
42,60,33,974 0 2,37,66,751 43,19,49,464
period
60,03,70,008 17,43,36,034 63,00,52,249 60,62,85,498

33
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
73,20,555 59,15,490
equipment
73,20,555 59,15,490
equipment
78,142
78,142
plant and equipment
0 72,42,413 59,15,490 0
period
17,43,36,034 1,31,57,903 59,15,490 0

34
[Axis]
Accumulated
depreciation and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
2,38,66,751 43,87,37,914
loss
73,20,555
equipment
73,20,555
equipment
1,00,000 67,88,450 78,142
1,00,000 67,88,450 78,142
plant and equipment
2,37,66,751 43,19,49,464 0 72,42,413
period
63,00,52,249 60,62,85,498 17,43,36,034 1,31,57,903

35
Classes of property, plant and equipment [Axis] Buildings [Member] Office building [Member]
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
2,38,66,751 43,87,37,914
loss
59,15,490 -73,20,555 -59,15,490
equipment
59,15,490 -73,20,555 -59,15,490
equipment
21,858 67,88,450
21,858 67,88,450
plant and equipment
59,15,490 0 1,65,24,338 42,60,33,974
period
59,15,490 0 61,68,94,346 60,03,70,008
[Axis]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
2,38,66,751 43,87,37,914
equipment
1,00,000 67,88,450
1,00,000 67,88,450
plant and equipment
0 2,37,66,751 43,19,49,464 0
period
17,43,36,034 63,00,52,249 60,62,85,498 17,43,36,034

36
Owned assets
[Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
2,38,66,751
loss
73,20,555 59,15,490 -73,20,555
equipment
73,20,555 59,15,490 -73,20,555
equipment
78,142 21,858
78,142 21,858
plant and equipment
72,42,413 59,15,490 0 1,65,24,338
period
1,31,57,903 59,15,490 0 61,68,94,346

37
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
43,87,37,914 2,38,66,751 43,87,37,914
loss
-59,15,490
equipment
-59,15,490
equipment
67,88,450 1,00,000 67,88,450
67,88,450 1,00,000 67,88,450
plant and equipment
42,60,33,974 0 2,37,66,751 43,19,49,464
period
60,03,70,008 17,43,36,034 63,00,52,249 60,62,85,498

38
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
73,20,555 59,15,490
equipment
73,20,555 59,15,490
equipment
78,142
78,142
plant and equipment
0 72,42,413 59,15,490 0
period
17,43,36,034 1,31,57,903 59,15,490 0

39
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Axis]
Gross carrying
amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
5,28,97,005 2,13,68,695 5,28,97,005
loss
-1,62,99,326 -1,48,61,180
equipment
-1,62,99,326 -1,48,61,180
equipment
2,15,00,278 2,59,68,728
2,15,00,278 2,59,68,728
plant and equipment
1,50,97,401 65,07,515 0 2,69,28,277
period
15,80,62,396 14,29,64,995 13,64,57,480 18,47,54,452

40
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
2,13,68,695
loss
1,62,99,326 1,48,61,180
equipment
1,62,99,326 1,48,61,180
equipment
44,68,450
44,68,450
plant and equipment
2,13,68,695 0 1,18,30,876 1,48,61,180
period
15,78,26,175 13,64,57,480 2,66,92,056 1,48,61,180

41
Owned and leased
assets [Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
5,28,97,005 2,13,68,695
equipment
2,59,68,728
2,59,68,728
plant and equipment
0 2,69,28,277 2,13,68,695 0
period
0 18,47,54,452 15,78,26,175 13,64,57,480

42
Other plant and
equipment
[Member]
Owned and leased
assets [Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
5,28,97,005
loss
1,62,99,326 1,48,61,180 -1,62,99,326
equipment
1,62,99,326 1,48,61,180 -1,62,99,326
equipment
44,68,450 2,15,00,278
44,68,450 2,15,00,278
plant and equipment
1,18,30,876 1,48,61,180 0 1,50,97,401
period
2,66,92,056 1,48,61,180 0 15,80,62,396

43
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
2,13,68,695 5,28,97,005 2,13,68,695
loss
-1,48,61,180
equipment
-1,48,61,180
equipment
2,59,68,728
2,59,68,728
plant and equipment
65,07,515 0 2,69,28,277 2,13,68,695
period
14,29,64,995 13,64,57,480 18,47,54,452 15,78,26,175

44
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
1,62,99,326 1,48,61,180
equipment
1,62,99,326 1,48,61,180
equipment
44,68,450
44,68,450
plant and equipment
0 1,18,30,876 1,48,61,180 0
period
13,64,57,480 2,66,92,056 1,48,61,180 0

45
[Axis]
Gross carrying
amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
5,28,97,005 2,13,68,695 5,28,97,005
loss
-1,62,99,326 -1,48,61,180
equipment
-1,62,99,326 -1,48,61,180
equipment
2,15,00,278 2,59,68,728
2,15,00,278 2,59,68,728
plant and equipment
1,50,97,401 65,07,515 0 2,69,28,277
period
15,80,62,396 14,29,64,995 13,64,57,480 18,47,54,452

46
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
2,13,68,695
loss
1,62,99,326 1,48,61,180
equipment
1,62,99,326 1,48,61,180
equipment
44,68,450
44,68,450
plant and equipment
2,13,68,695 0 1,18,30,876 1,48,61,180
period
15,78,26,175 13,64,57,480 2,66,92,056 1,48,61,180

47
Other plant and
equipment
[Member]
Furniture and fixtures [Member]
Owned assets
[Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
10,03,96,316 90,92,968
loss
-1,18,35,835 -64,56,785
equipment
-1,18,35,835 -64,56,785
plant and equipment
0 8,85,60,481 26,36,183 0
period
0 11,51,39,439 2,65,78,958 2,39,42,775
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
10,03,96,316 90,92,968
loss
1,18,35,835
equipment
1,18,35,835
plant and equipment
10,03,96,316 90,92,968 0 1,18,35,835
period
13,34,32,059 3,30,35,743 2,39,42,775 1,82,92,620

48
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
10,03,96,316 90,92,968
loss
64,56,785 -1,18,35,835 -64,56,785
equipment
64,56,785 -1,18,35,835 -64,56,785
plant and equipment
64,56,785 0 8,85,60,481 26,36,183
period
64,56,785 0 11,51,39,439 2,65,78,958
[Axis]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
10,03,96,316 90,92,968
plant and equipment
0 10,03,96,316 90,92,968 0
period
2,39,42,775 13,34,32,059 3,30,35,743 2,39,42,775

49
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Owned and leased
assets [Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
17,86,713
loss
1,18,35,835 64,56,785 -53,89,964
equipment
1,18,35,835 64,56,785 -53,89,964
equipment
3,13,984
3,13,984
plant and equipment
1,18,35,835 64,56,785 0 -39,17,235
period
1,82,92,620 64,56,785 0 2,16,38,101

50
Classes of property, plant and equipment [Axis] Vehicles [Member]
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
1,30,18,025 17,86,713 1,30,18,025
loss
-55,28,208
equipment
-55,28,208
equipment
70,703 5,60,956 70,703
70,703 5,60,956 70,703
plant and equipment
74,19,114 0 12,25,757 1,29,47,322
period
2,55,55,336 1,81,36,222 3,23,09,301 3,10,83,544

51
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
53,89,964 55,28,208
equipment
53,89,964 55,28,208
equipment
2,46,972
2,46,972
plant and equipment
0 51,42,992 55,28,208 0
period
1,81,36,222 1,06,71,200 55,28,208 0

52
[Axis]
Accumulated
depreciation and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
17,86,713 1,30,18,025
loss
53,89,964
equipment
53,89,964
equipment
5,60,956 70,703 2,46,972
5,60,956 70,703 2,46,972
plant and equipment
12,25,757 1,29,47,322 0 51,42,992
period
3,23,09,301 3,10,83,544 1,81,36,222 1,06,71,200

53
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
17,86,713 1,30,18,025
loss
55,28,208 -53,89,964 -55,28,208
equipment
55,28,208 -53,89,964 -55,28,208
equipment
3,13,984 70,703
3,13,984 70,703
plant and equipment
55,28,208 0 -39,17,235 74,19,114
period
55,28,208 0 2,16,38,101 2,55,55,336
[Axis]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
17,86,713 1,30,18,025
equipment
5,60,956 70,703
5,60,956 70,703
plant and equipment
0 12,25,757 1,29,47,322 0
period
1,81,36,222 3,23,09,301 3,10,83,544 1,81,36,222

54
Owned assets
[Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
17,86,713
loss
53,89,964 55,28,208 -53,89,964
equipment
53,89,964 55,28,208 -53,89,964
equipment
2,46,972 3,13,984
2,46,972 3,13,984
plant and equipment
51,42,992 55,28,208 0 -39,17,235
period
1,06,71,200 55,28,208 0 2,16,38,101

55
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
1,30,18,025 17,86,713 1,30,18,025
loss
-55,28,208
equipment
-55,28,208
equipment
70,703 5,60,956 70,703
70,703 5,60,956 70,703
plant and equipment
74,19,114 0 12,25,757 1,29,47,322
period
2,55,55,336 1,81,36,222 3,23,09,301 3,10,83,544

56
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
53,89,964 55,28,208
equipment
53,89,964 55,28,208
equipment
2,46,972
2,46,972
plant and equipment
0 51,42,992 55,28,208 0
period
1,81,36,222 1,06,71,200 55,28,208 0

57
Classes of property, plant and equipment [Axis] Office equipment [Member]
[Axis]
Gross carrying
amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
5,63,48,180 72,78,034 5,63,48,180
loss
-92,44,863 -68,57,729
equipment
-92,44,863 -68,57,729
equipment
12,96,084 20,72,061
12,96,084 20,72,061
plant and equipment
4,58,07,233 4,20,305 0 5,42,76,119
period
5,86,18,655 1,28,11,422 1,23,91,117 7,39,45,270

58
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
72,78,034
loss
92,44,863 68,57,729
equipment
92,44,863 68,57,729
equipment
7,75,977
7,75,977
plant and equipment
72,78,034 0 84,68,886 68,57,729
period
1,96,69,151 1,23,91,117 1,53,26,615 68,57,729

59
Owned and leased
assets [Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
5,63,48,180 72,78,034
loss
-92,44,863 -68,57,729
equipment
-92,44,863 -68,57,729
equipment
12,96,084
12,96,084
plant and equipment
0 4,58,07,233 4,20,305 0
period
0 5,86,18,655 1,28,11,422 1,23,91,117

60
[Axis]
Accumulated
depreciation and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
5,63,48,180 72,78,034
loss
92,44,863
equipment
92,44,863
equipment
20,72,061 7,75,977
20,72,061 7,75,977
plant and equipment
5,42,76,119 72,78,034 0 84,68,886
period
7,39,45,270 1,96,69,151 1,23,91,117 1,53,26,615
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
1,95,34,433 1,50,37,078
loss
68,57,729 -94,84,122 -59,56,491
equipment
68,57,729 -94,84,122 -59,56,491
plant and equipment
68,57,729 0 1,00,50,311 90,80,587
period
68,57,729 0 2,68,48,120 1,67,97,809

61
[Axis]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
1,95,34,433 1,50,37,078
plant and equipment
0 1,95,34,433 1,50,37,078 0
period
77,17,222 4,22,88,733 2,27,54,300 77,17,222
Owned assets
[Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
1,95,34,433
loss
94,84,122 59,56,491 -94,84,122
equipment
94,84,122 59,56,491 -94,84,122
plant and equipment
94,84,122 59,56,491 0 1,00,50,311
period
1,54,40,613 59,56,491 0 2,68,48,120

62
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
1,50,37,078 1,95,34,433 1,50,37,078
loss
-59,56,491
equipment
-59,56,491
plant and equipment
90,80,587 0 1,95,34,433 1,50,37,078
period
1,67,97,809 77,17,222 4,22,88,733 2,27,54,300
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
loss
94,84,122 59,56,491
equipment
94,84,122 59,56,491
plant and equipment
0 94,84,122 59,56,491 0
period
77,17,222 1,54,40,613 59,56,491 0

63
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
[Axis]
Gross carrying
amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
equipment
14,32,471
loss
-10,49,517 -10,49,517
equipment
-10,49,517 -10,49,517
plant and equipment
-10,49,517 3,82,954 0 0
period
17,46,470 27,95,987 24,13,033 38,45,504
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
equipment
14,32,471
loss
10,49,517 10,49,517
equipment
10,49,517 10,49,517
plant and equipment
14,32,471 0 10,49,517 10,49,517
period
38,45,504 24,13,033 20,99,034 10,49,517

64
Owned and leased
assets [Member]
[Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
equipment
14,32,471
plant and equipment
0 0 14,32,471 0
period
0 38,45,504 38,45,504 24,13,033
Other property,
plant and
equipment, others
[Member]
Owned and leased
assets [Member]
[Axis]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Nature of other property plant and equipment
others
Refer to child
member
[Abstract]
loss
10,49,517 10,49,517 -10,49,517
equipment
10,49,517 10,49,517 -10,49,517
plant and equipment
10,49,517 10,49,517 0 -10,49,517
period
20,99,034 10,49,517 0 17,46,470

65
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
amount [Axis]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
others
Refer to child
member
Refer to child
member
[Abstract]
equipment
14,32,471 14,32,471
loss
-10,49,517
equipment
-10,49,517
plant and equipment
3,82,954 0 0 14,32,471
period
27,95,987 24,13,033 38,45,504 38,45,504
[Axis]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
others
Refer to child
member
Refer to child
member
Refer to child
member
[Abstract]
loss
10,49,517 10,49,517
equipment
10,49,517 10,49,517
plant and equipment
0 10,49,517 10,49,517 0
period
24,13,033 20,99,034 10,49,517 0

66
[Axis]
Gross carrying
amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
others
Electrical
installations
Electrical
installations
Electrical installations
Electrical
installations
[Abstract]
equipment
14,32,471
loss
-10,49,517 -10,49,517
equipment
-10,49,517 -10,49,517
plant and equipment
-10,49,517 3,82,954 0 0
period
17,46,470 27,95,987 24,13,033 38,45,504
amount [Axis]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
others
Electrical
installations
Electrical
installations
[Abstract]
equipment
14,32,471
loss
10,49,517 10,49,517
equipment
10,49,517 10,49,517
plant and equipment
14,32,471 0 10,49,517 10,49,517
period
38,45,504 24,13,033 20,99,034 10,49,517

67
Other property,
plant and
equipment, others
[Member]
Owned assets
[Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2015
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Nature of other property plant and equipment others
Electrical
installations
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Total increase (decrease) in property, plant and equipment 0
Property, plant and equipment at end of period 0
01/04/2016
to
31/03/2017
Disclosure of property, plant and equipment [TextBlock]
[See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]

68
Disclosure of property, plant and equipment [Text Block]
i) Useful life of property, plant and equipment and intangible assets:
Determination of the estimated useful life of property, plant and equipment and intangible assets and the assessment as to which
components of the cost may be capitalised. Useful life of these assets is based on the life prescribed in Schedule II to the Companies Act,
2013 or based on technical estimate, taking into account the nature of the asset, estimated usage, expected residual values and operating
conditions of the asset.
Property, plant and equipment (PPE)
Transition to Ind AS
On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and
equipment recognised as at 1 April 2015 measured as per the previous GAAP and use that carrying value as the deemed
cost of the property, plant and equipment.
Property, Plant and Equipment's, including Capital Work in Progress, are stated at cost of acquisition or construction less
accumulated depreciation and impairment losses, if any. Cost comprises the purchase price (net of tax credits, wherever
applicable), import duty and other non-refundable taxes or levies and any directly attributable cost of bringing the asset to
its working condition for its intended use. Borrowing cost relating to acquisition / construction of Property, Plant and
Equipment which takes substantial period of time to get ready for its intended use are also included to the extent they relate
to the period till such assets are ready to be put to use. The present value of the expected cost for the decommissioning of
an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met.
Subsequent expenditure related to an item of Property, Plant and Equipment are included in its carrying amount or
recognised as a separate asset, as appropriate, only when it is probable that the future economic benefits associated with the
item will flow to the company and the cost of the item can be measured reliably. All other expenses on existing Property,
Plant and Equipment's, including day-to-day repair and maintenance expenditure and cost of replacing parts, are charged to
the Statement of Profit and Loss for the period during which such expenses are incurred.
The company adjusts exchange differences arising on translation/settlement of long-term foreign currency monetary items
existing as at March 31, 2016 and pertaining to the acquisition of a depreciable asset to the cost of the asset and depreciates
the same over the remaining useful life of the asset. The depreciation on such foreign exchange difference is recognised
from the first day of the financial year.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected
to arise from continued use of the asset. Any gain or loss arising on the disposal or retirement of property, plant and

69
equipment is determined as the difference between the sale proceeds and the carrying amount of the assets and is
recognised in Statement of Profit and Loss.
Depreciation and amortisation methods and periods
i) Depreciable amount for assets is the cost of an asset less its estimated residual value. Depreciation on tangible fixed
assets has been provided on the straight-line method as per the useful life prescribed in Schedule II to the Companies Act,
2013. In respect of fixed assets purchased or put to use during the period, depreciation is provided on a pro-rata basis from
the date on which such asset is purchased or put to use.
ii) Depreciation on Leasehold improvements is provided per estimated useful life amortised over the balance of the lease
period.
iii) Depreciation on asset acquired / disposed off during the period is provided on pro-rata basis with reference to the date
of addition/disposal.
[612100] Notes - Impairment of assets
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of impairment of assets [TextBlock]
[See below]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
during the year
No No
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
or cash-generating unit
No No

70
Disclosure of impairment of assets [Text Block]
ii) Impairment:
Determining whether property, plant and equipment and intangible assets are impaired requires an estimation of the value in use of the
relevant cash generating units. The value in use calculation is based on a Discounted Cash Flow model over the estimated useful life of
the underlying assets or cash generating units. Further, the cash flow projections are based on estimates and assumptions relating to
expected revenues, operational performance of the assets, market prices of related products or services, inflation, terminal value etc.
which are considered reasonable by the management.
[400700] Notes - Investment property
Disclosure of detailed information about investment property [Table] ..(1)
Type of investment property [Axis] 1
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of detailed information about investment property at cost
[Abstract]
Disclosure of detailed information about investment property [Line
items]
Nature of investment property investment property inveastment property investment property
Reconciliation of changes in investment property [Abstract]
Changes in investment property [Abstract]
Increase (decrease) through other changes, investment
property
(A) 55,56,00,432 (B) 22,62,43,226 (C) 27,15,65,293
Total increase (decrease) in investment property 55,56,00,432 22,62,43,226 27,15,65,293
Investment property at end of period 310,53,76,092 254,97,75,660 232,35,32,434
(A) Add: Addition during the year 49526849 Add: Finance Cost 26,96,32,758 Add: Other Expenses 23,72,91,246 Less : Depreciation for
the year -68,03,371
(B) Add: Addition during the year 0 Add: Finance Cost 20,94,97,685 Add: Other Expenses 1,75,95,962 Less : Depreciation for the year
-59,52,950
(C) Add: Addition during the year = 0 Add: Finance Cost = 23,91,37,393 Add: Other Expenses = 3,75,30,429 Less : Depreciation for the
year = -51,02,529

71
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of investment property [TextBlock]
[See below]
Disclosure of detailed information about investment property [TextBlock]
Depreciation method, investment property, cost model As provided As provided
Useful lives or depreciation rates, investment property, cost model As provided As provided
Disclosure of investment property [Text Block]
Investment Property
Since there is no change in the functional currency, the group has elected to continue with the carrying value for all of its investment
property as recognised in its Indian GAAP financial statements as deemed cost at the transition date viz is 01.04.2015,
Investment Property includes land that are held for earning rental income or capital appreciation or both. Investment property are
property that is not intended to be sold in ordinary course of Business
Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment
properties are stated at cost less accumulated depreciation and accumulated impairment loss, if any.
Though the group measures investment property using cost based measurement, the fair value of investment property is disclosed in
the notes. Fair values are determined based on an annual evaluation performed by an accredited external independent valuer applying a
valuation model recommended by the International Valuation Standards Committee.
Investment properties are derecognised either when they have been disposed of or when they are permanently withdrawn from use and
no future economic benefit is expected from their disposal. The difference between the net disposal proceeds and the carrying amount
of the asset is recognised in profit or loss in the period of derecognition.

72
[400900] Notes - Other intangible assets
Disclosure of detailed information about other intangible assets [Table] ..(1)
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross
carrying amount [Axis]
Gross carrying
amount [Member]
31/03/2017 31/03/2016 31/03/2015
01/04/2016
to
31/03/2017
Disclosure of detailed information about other
intangible assets [Abstract]
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
combinations
7,19,529
Total increase (decrease) in Other
intangible assets
7,19,529
Other intangible assets at end of period (A) 354,25,96,430 (B) 354,42,87,917 (C) 318,73,35,253 354,82,43,819
Footnotes
(A) Intangible Assets : 6865358 Goodwill on Consolidation : 3535731072
(B) Intangible Assets : 8556845 Goodwill on Consolidation : 3535731072
(C) Intangible Assets : 10502888Goodwill on Consolidation : 3176832365
Classes of other intangible assets [Axis] Company other intangible assets [Member]
[Member]
Accumulated amortization and
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
assets [Abstract]
combinations
36,01,89,037
Amortisation other intangible assets 24,11,016 32,36,373
intangible assets
36,01,89,037 0 24,11,016 32,36,373
Other intangible assets at end of period 354,75,24,290 318,73,35,253 56,47,389 32,36,373

73
Classes of other intangible assets [Axis]
Company other
intangible assets
[Member]
Computer software [Member]
Internally
generated and
other than
internally
generated
intangible assets
[Member]
Internally generated and other than internally generated
intangible assets [Member]
Accumulated
amortization and
impairment
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
assets [Abstract]
combinations
7,19,529 12,90,330
Amortisation other intangible assets -24,11,016 -32,36,373
intangible assets
0 -16,91,487 -19,46,043 0
Other intangible assets at end of period 0 68,65,358 85,56,845 1,05,02,888
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Accumulated
amortization and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
assets [Abstract]
combinations
7,19,529 12,90,330
Amortisation other intangible assets 24,11,016
intangible assets
7,19,529 12,90,330 0 24,11,016
Other intangible assets at end of period 1,25,12,747 1,17,93,218 1,05,02,888 56,47,389

74
Internally generated and other than
internally generated intangible assets
[Member]
Intangible assets other than internally
generated [Member]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
assets [Abstract]
combinations
7,19,529 12,90,330
Amortisation other intangible assets 32,36,373 -24,11,016 -32,36,373
intangible assets
32,36,373 0 -16,91,487 -19,46,043
Other intangible assets at end of period 32,36,373 0 68,65,358 85,56,845
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
assets [Abstract]
combinations
7,19,529 12,90,330
intangible assets
0 7,19,529 12,90,330 0
Other intangible assets at end of period 1,05,02,888 1,25,12,747 1,17,93,218 1,05,02,888

75
Other intangible
assets [Member]
Internally
generated and
other than
internally
generated
intangible assets
[Member]
Accumulated amortization and impairment [Member]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
assets [Abstract]
Amortisation other intangible assets 24,11,016 32,36,373
intangible assets
24,11,016 32,36,373 0 0
Other intangible assets at end of period 56,47,389 32,36,373 0 353,57,31,072
Classes of other intangible assets [Axis] Other intangible assets [Member]
[Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
assets [Abstract]
combinations
35,88,98,707 35,88,98,707
intangible assets
35,88,98,707 0 0 35,88,98,707

76
[Member]
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
assets [Abstract]
intangible assets
0 0 0 0
Other intangible assets at end of period 317,68,32,365 0 0 0
Accumulated
amortization and
impairment
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
assets [Abstract]
combinations
35,88,98,707
intangible assets
0 35,88,98,707 0 0
Other intangible assets at end of period 353,57,31,072 353,57,31,072 317,68,32,365 0

77
Classes of other intangible assets [Axis] Other intangible assets [Member] Other intangible assets, others [Member]
generated [Member]
[Member]
impairment [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Nature of other intangible assets others
Refer to child
member
assets [Abstract]
combinations
35,88,98,707
intangible assets
0 0 0 35,88,98,707
Other intangible assets at end of period 0 0 353,57,31,072 353,57,31,072
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
[Member]
Carrying amount
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Refer to child
member
Refer to child
member
Refer to child
member
assets [Abstract]
combinations
35,88,98,707
intangible assets
0 0 35,88,98,707 0

78
Internally generated and other than internally generated
intangible assets [Member]
Intangible assets
other than
internally
generated
[Member]
Carrying amount
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Refer to child
member
Refer to child
member
Goodwill on
Consolidation
assets [Abstract]
intangible assets
0 0 0 0
Other intangible assets at end of period 0 0 0 353,57,31,072
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Goodwill on
Consolidation
Goodwill on
Consolidation
Goodwill on
Consolidation
Goodwill on
Consolidation
assets [Abstract]
combinations
35,88,98,707 35,88,98,707
intangible assets
35,88,98,707 0 0 35,88,98,707

79
Gross carrying
amount [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Goodwill on
Consolidation
Goodwill on
Consolidation
Goodwill on
Consolidation
Goodwill on
Consolidation
assets [Abstract]
intangible assets
0 0 0 0
Other intangible assets at end of period 317,68,32,365 0 0 0
Disclosure of additional information about other intangible assets [Table] ..(1)
[Member]
generated [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of additional information about other
other intangible assets [Line items]
Amortisation method, other intangible assets
Refer to child
member
Refer to child member SLM SLM
Useful lives or amortisation rates, other
intangible assets
Refer to child
member
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
Whether other intangible assets are stated at
revalued amount
No No No No
Classes of other intangible assets [Axis]
Computer software
[Member]
Other intangible assets [Member]
Other intangible
assets, others
[Member]
Intangible assets
other than
internally
generated
[Member]
[Member]
Internally
generated and
other than
internally
generated
intangible assets
[Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
Amortisation method, other intangible assets SLM
Refer to child
member
Refer to child
member
intangible assets
A S P E R
SCHEDULE II
Refer to child
member
Refer to child
member
revalued amount
No No No No

80
Internally
generated and
other than
internally
generated
intangible assets
[Member]
Intangible assets other than internally generated [Member]
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Amortisation method, other intangible assets
Refer to child
member
SLM SLM SLM
intangible assets
Refer to child
member
A S P E R
SCHEDULE II
A S P E R
SCHEDULE II
AS PER SCHEDULE
II
revalued amount
No No No No
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of other intangible assets [TextBlock]
[See below]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

81
Disclosure of other intangible assets [Text Block]
Intangible Assets
Intangible assets are measured on initial recognition at cost and are subsequently carried at cost less any
accumulated amortisation and accumulated impairment losses, if any. Internally generated intangibles are
not capitalised.
The intangible assets of the Company are assessed to be of finite lives and are amortised over the useful
economic life and assessed for impairment whenever there is an indication that the intangible asset may be
impaired. The Company reviews amortisation period on an annual basis.
Intangible assets are amortised on straight line basis over their estimated useful lives as follows:
Intangible
Assets
Estimated
Useful Life
(Years)
Software
applications
3-5 Years
based on
management
estimate
Gains or losses arising from derecognition of an intangible asset are measured as the difference between the
net disposal proceeds and the carrying amount of the asset and are recognised in the Statement of Profit and
Loss when the asset is derecognised.
[401000] Notes - Biological assets other than bearer plants
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost not applicable not applicable
Useful lives or depreciation rates, biological assets other than bearer
plants, at cost

82
[611100] Notes - Financial instruments
Disclosure of financial assets [Table] ..(1)
Classes of financial assets [Axis] Financial assets at amortised cost, class [Member]
Other financial
assets at amortised
cost class [Member]
Categories of financial assets [Axis] Financial assets, category [Member]
Financial assets,
category [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 12,371,91,98,810 10,170,75,14,020 6,904,98,10,069 12,371,91,98,810
Financial assets, at fair value 0 0 0 0
Description of other financial assets at
amortised cost class
Refer to child
member
Refer to child
member
Refer to child
member
Classes of financial assets [Axis]
Other financial assets at amortised cost
class [Member]
Other financial assets at amortised cost
class 1 [Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Refer to child
member
Refer to child
member
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Categories of financial assets [Axis]
Financial assets,
category [Member]
Financial assets at amortised cost, category [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Refer to child
member
AS PROVIDED AS PROVIDED AS PROVIDED
Disclosure of financial liabilities [Table] ..(1)
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
Financial liabilities
at amortised cost,
category [Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 7,794,94,43,244 7,287,37,45,732 3,748,37,40,069 7,794,94,43,244
Financial liabilities, at fair value 0 0 0 0

83
Disclosure of financial liabilities [Table] ..(2)
Classes of financial liabilities [Axis]
Financial liabilities at amortised cost,
class [Member]
Categories of financial liabilities [Axis]
Financial liabilities at amortised cost,
category [Member]
31/03/2016 31/03/2015
Disclosure of financial liabilities [Line items]
Financial liabilities 7,287,37,45,732 3,748,37,40,069
Financial liabilities, at fair value 0 0
01/04/2016
to
31/03/2017
Disclosure of financial instruments [TextBlock]
[See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial liabilities [TextBlock]
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

84
Disclosure of financial instruments [Text Block]
40
Financial
Instruments and
Risk Review
(a)
Accounting
Classification
and Fair Value
Hierarchy
Financial Assets
and Liabilities :
The Group's
principal
financial assets
include loans
and trade
receivables, cash
and cash
equivalents and
other
receivables. The
Group's principal
financial
liabilities
comprise of
borrowings,
provisions, trade
and other
payables. The
main purpose of
these financial
liabilities is to
finance the
Group's
operations and
projects.
Fair Value
Hierarchy :

85
The fair value
hierarchy is
based on inputs
to valuation
techniques that
are used to
measure fair
value that are
either observable
on unobservable
and consists of
the following
three levels:
Level-1 : Inputs
are quoted prices
(unadjusted) in
active markets
for identical
assets or
liabilities.
Level-2 : Inputs
are other than
quoted prices
included within
Level-1 that are
observable for
the asset or
liability, either
directly (i.e. as
prices) or
indirectly (i.e.
derived from
prices).
Level-3 : Inputs
are not based on
observable
market data
(unobservable
inputs). Fair
values are
determined in
whole or in part
using a valuation
model based on
the assumptions
that are neither
supported by
prices from
observable
current market
transactions in
the same
instrument nor

86
are they based
on available
market data.
The following
tables
summarises
carrying
amounts of
financial
instruments by
their categories
and their levels
in fair value
hierarchy for
each year end
presented.
As at 31st
March, 2017
Amount in Rs.
Particulars
Fair Value
through Profit or
Loss
FVTOCI
Amortised
Cost
Total
Level-1 Level-2 Level-3
Financial Assets
Investments
7,70,61,540 49,90,23,427 - 80,05,36,20,791 6,06,75,40,278
86,69,72
Trade
Receivables - - - - 27,39,17,424 27,39,17,424
Cash and Cash
Equivalents - - - - 33,74,61,850 33,74,61,850
Other Bank

87
Balances - - - - 30,13,69,315 30,13,69,315
Loans
- - - -
33,04,62,38,733 33,04,62
Derivative
Assets - - - - - -
Other Financial
Assets - - - -
3,06,29,65,453
3,06,29,65,453
Total 7,70,61,540 49,90,23,427 - 80,05,36,20,791 43,08,94,93,052 1,23,71,91,98,8
Financial
Liabilities
Borrowings
- - - - 70,81,71,14,904 70,81,71,14,904
Trade Payables
- - - - 2,22,07,52,014 2,22,07,52,014
Derivative
Liabilities - - - - - -
Other Financial
Liabilities - - - - 4,91,15,76,325 4,91,15,76,325
Total - - - - 77,94,94,43,244 77,94,94,43,24
As at 31st
March, 2016
Amount in Rs.
Particulars
Fair Value
through Profit or
Loss
FVTOCI
Amortised
Cost
Total

88
Financial Assets
Investments
3,88,96,137 13,78,60,604 -
58,63,98,56,726
1,01,21,80,800 59,82,87,94,267
Trade
Receivables - - - - 5,54,07,32,589 5,54,07,32,589
Cash and Cash
Equivalents - - - - 31,13,39,243 31,13,39,243
Other Bank
Balances - - - - 69,57,75,587 69,57,75,587
Loans
- - - -
31,44,33,68,322 31,44,33
Derivative
Assets - - - - - -
Other Financial
Assets - - - - 3,88,75,04,012 3,88,75,04,012
Total 3,88,96,137 13,78,60,604 - 58,63,98,56,726 42,89,09,00,553 1,01,70,75,14,0
Financial
Liabilities
Borrowings
- - - - 62,79,49,58,677 62,79,49,58,677
Trade Payables
- - - - 4,12,08,91,051 4,12,08,91,051
Derivative
Other Financial
Liabilities - - - - 5,95,78,96,003 5,95,78,96,003

89
Total - - - - 72,87,37,45,732 72,87,37,45,73
As at 01st April,
2015
( Amount in Rs.)
Particulars
Fair Value
through Profit or
Loss
FVTOCI
Amortised
Cost
Total
Financial Assets
Investments
10,33,52,310
24,96,48,360
- 63,31,15,29,693 18,25,86,543 63,84,71,16,906
Trade
Receivables - - - - 57,19,04,813 57,19,04,813
Cash and Cash
Equivalents - - - - 10,27,48,660 10,27,48,660
Other Bank
Balances - - - - 33,23,75,104 33,23,75,104
Loans
- - - - 1,45,66,54,789 1,45,66,54,789
Derivative
Assets - - - - - -
Other Financial
Assets - - - - 2,73,90,09,797 2,73,90,09,797
Total 10,33,52,310 24,96,48,360 - 63,31,15,29,693 5,38,52,79,707 69,04,98,10,06

90
Financial
Liabilities
Borrowings
- - - -
32,27,89,43,962 32,27,89
Trade Payables
- - - -
1,92,44,23,636
1,92,44,23,636
Derivative
Other Financial
Liabilities - - - -
3,28,03,72,470
3,28,03,72,470
Total - - - - 37,48,37,40,069 37,48,37,40,06
(a) Investments
exclude
Investment in
Joint Ventures
and Associates.
(b) Carrying
amounts of
current financial
assets and
liabilities as at
the end of the
each year
presented
approximate the
fair value
because of their
short term
nature.
Difference
between carrying
amounts and fair
values of other
non-current
financial assets
and liabilities
subsequently
measured at
amortised cost is
not significant in
each of the year
presented.

91
(b)
Financial Risk
Management
Objective and
Policies :
The Group's risk
management
activities are
subject to the
management
direction and
control under the
framework of
Risk
Management
Policy as
approved by the
Board of
Directors. The
management
ensures
appropriate risk
governance
framework for
the Group
through
appropriate
policies and
procedures and
that risks are
identified,
measured and
managed in
accordance with
the Group's
policies and risk
objectives.
The Group is
primarily
exposed to risks
resulting from
fluctuation in
market risk,
credit risk and

92
liquidity risk,
which may
adversely impact

93
the fair value of
its financial
instruments.
(i) Market Risk
Market risk is
the risk of loss
of future
earnings, fair
value or future
cash flows of a
financial
instrument, that
may result from
adverse changes
in interest rate
and foreign
currency
exchange rates.
A. Foreign
Currency
Exchange Risk :
Since the Group
operates mainly
in local currency
and portion of
the business
transacted are
carried out in
one currency, it
is not majorly
exposed to
currency risks
through its
transactions in
foreign currency
or where assets
or liabilities are
denominated in
currency other
than functional
currency.

94
The Group
evaluates
exchange rate
exposure arising
from foreign
currency
transactions and
follows
established risk
management
policies
including the use
of derivatives
like foreign
exchange
forward and
option contracts
to hedge
exposure to
foreign currency
risks.
B. Interest Risk
:
The Group is
exposed to
changes in
interest rates due
to its financing,
investing and
cash
management
activities. The
risks arising
from interest rate
movements arise
from borrowings
with variable
interest rates.
The Group
manages its
interest rate risk
by having a
balanced
portfolio of fixed
and variable rate
loans and
borrowings.

95
The Group's risk
management
activities are
subject to the
management,
direction and
control of
Central Treasury
Team of the
Adani Group
under the
framework of
Risk
Management
Policy for
interest rate risk.
The Groups
central treasury
team ensures
appropriate
financial risk
governance
framework
through
appropriate
policies and
procedures and
that financial
risks are
identified,
measured and
managed in
accordance with
the Groups
policies and risk
objectives.
For Group's total
borrowings, the
analysis is
prepared
assuming the
amount of the
liability
outstanding at
the end of the

96
reporting period
was outstanding
for the whole
year. A 50 basis
point increase or
decrease is used,
which represents
management's
assessment of

97
the reasonably
possible change
in interest rate.
Particulars As at As at
31st March 2017 31st March 2016
Total
Borrowings at
the year end
70,81,71,14,904 62,79,49,58,677
In case of
fluctuation in
interest rates by
50 basis points
and all other
variables were
held constant,
the Group's
profit for the
year would
increase or
decrease as
follows:
Particulars For the year ended For the year ended
Impact on profit
for the year 35,40,85,575 31,39,74,793
(ii) Credit Risk
Credit risk refers

98
to the risk that a
counterparty or
customer will
default on its
contractual
obligations
resulting in a
loss to the
Group. Financial
instruments that
are subject to
credit risk
principally
consist of Loans,
Trade and Other
Receivables,
Cash & Cash
Equivalents,
Investments and
Other Financial
Assets. The
carrying
amounts of
financial assets
represent the
maximum credit
risk exposure.
Credit risk
encompasses
both, the direct
risk of default
and the risk of
deterioration of
creditworthiness
as well as
concentration of
risks. Credit risk
is controlled by
analysing credit
limits and
creditworthiness
of counter
parties on
continuous basis
with appropriate
approval
mechanism for
sanction of credit
limits. Credit
risk from
balances with
banks, financial
institutions and
investments is
managed by the
Group's treasury
team in
accordance with
the company's

99
risk management
policy. Cash and
cash equivalents
and Bank
deposits are
placed with
banks having
good reputation,
good past track
record and high
quality credit
rating and also
reviews their

100
credit-worthiness
on an on-going
basis.
Since the Group
has a fairly
diversified
portfolio of
receivables in
terms of spread,
no concentration
risk is foreseen.
A significant
portion of the
Group's
receivables are
due from public
sector units
(which are
government
undertakings)
and hence may
not entail any
credit risk.
(iii) Liquidity Risk
Liquidity risk
refers the risk
that the Group
will encounter
difficulty in
meeting the
obligations
associated with
its financial
liabilities. The
Groups objective
is to provide
financial
resources to
meet its
obligations when
they are due in a
timely, cost
effective and
reliable manner

101
without
incurring
unacceptable
losses or risking
damage to the
Groups
reputation. The
Group monitors
liquidity risk
using cash flow
forecasting
models. These
models consider
the maturity of
its financial
investments,
committed
funding and
Note on this

102
projected cash
flows from
operations.
Maturity Pattern
of Liabilities for
all 3 periods
(iv)
Capital
Management
For the purpose
of the Group's
capital
management,
capital includes
issued capital
and all other
equity reserves
attributable to
the equity
shareholders of
the Group. The
primary
objective of the
Group when
managing capital
is to safeguard
its ability to
continue as a
going concern
and to maintain
an optimal
capital structure
so as to
maximise
shareholder
value.
The company
monitors capital
using gearing
ratio, which is

103
net debt
(borrowings as
detailed in note.
21, 25 and 27
less cash and

104
bank balances)
divided by total
capital plus debt.
(Amount in Rs.)
Particulars As at
1st April
2015
Total
Borrowings
(Refer notes. 21,
25 and 27)
70817114904 62794958677 32,27,89,43,962
Less : Cash and
Bank Balances
(Refer notes. 13
and 14)
638831164.9 1007114830
43,51,23,765
Net Debt (A) 70178283740 61787843847 31,84,38,20,198
Total Equity (B) 99695787842 78182012021
82,37,38,06,915
Total Equity and
Net Debt (C = A
+ B)
1.69874E+11 1.3997E+11 1,14,21,76,27,113
Gearing Ratio in
%
41.31 44.14 27.88
Management
monitors the
return on capital,
as well as the

105
levels of
dividends to
equity
shareholders.
The Group is not
subject to any
externally
imposed capital
requirements.
No changes were
made in the
objectives,
policies or
processes for
managing capital
during the years
ended 31st

106
March, 2017 and
31st March,
2016.
Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of
another entity.
Financial assets
All financial assets, except investment in subsidiaries are recognised initially at fair value.
The measurement of financial assets depends on their classification, as described below:
1) At amortised cost
A financial asset is measured at the amortised cost if both the following conditions are met :
(a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and
(b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI)
on the principal amount outstanding.
This category is the most relevant to the Company. After initial measurement, such financial assets are subsequently measured at
amortised cost using the effective interest rate (EIR) method. Amortised cost is calculated by taking into account any discount or
premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included in finance income in
the profit or loss. The losses arising from impairment are recognised in the profit or loss. This category generally applies to trade
and other receivables.
2) At Fair Value through Other Comprehensive Income (FVTOCI)
A financial asset is classified as at the FVTOCI if both of the following criteria are met:
(a) The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
(b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI)
on the principal amount outstanding.
Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair
value movements are recognised in the other comprehensive income (OCI) and on derecognition , cumulative gain or loss

107
previously recognised in OCI is reclassified to statement of profit and loss. For equity instruments, the Company may make an
irrevocable election to present subsequent changes in the fair value in OCI. If the Company decides to classify an equity instrument
as at FVTOCI, then all fair value changes on the instrument, excluding dividends, are recognised in the OCI. There is no recycling
of the amounts from OCI to statement of profit and loss, even on sale of investment.
3) At Fair Value through Profit & Loss (FVTPL)
FVTPL is a residual category for debt instruments and default category for equity instruments. Financial assets included within the
FVTPL category are measured at fair value with all changes recognised in the statement of profit and loss.
In addition, the Company may elect to designate a debt instrument, which otherwise meets amortised cost or FVTOCI criteria, as at
FVTPL. However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency
(referred to as ‘accounting mismatch’). The Company has not designated any debt instrument as at FVTPL.
Derecognition
On derecognition of a financial asset, the difference between the asset’s carrying amount and the sum of the consideration received
and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in equity
is recognised in profit or loss if such gain or loss would have otherwise been recognised in profit or loss on disposal of that
financial asset.
Impairment of financial assets
The Company applies expected credit loss (ECL) model for measurement and recognition of impairment loss on the following
financial assets and credit risk exposure;
Under the simplified approach the Company does not track changes in credit risk, but it recognises impairment loss allowance
based on lifetime ECLs at each reporting date, right from its initial recognition. If credit risk has not increased significantly, 12
month ECL is used to provide for impairment loss. However, if credit risk has increased significantly, lifetime ECL is used.
ECL is the difference between all contracted cash flows that are due to the Company in accordance with the contract and all the
cash flows that the Company expects to receive, discounted at the original EIR. ECL impairment loss allowance (or reversal)
recognised during the period is recognised as income / (expense) in the statement of profit and loss.
(B) Financial liabilities
Financial liabilities are classified, at initial recognition as at amortised cost or fair value through profit or loss. The measurement of
financial liabilities depends on their classification, as described below:
At amortised cost
This is the category most relevant to the Company. After initial recognition, financial liabilities are subsequently measured at
amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well
as through the EIR amortisation process. Amortised cost is calculated by taking into account any discount or premium on
acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the statement
of profit and loss.

108
At fair value through profit or loss (FVTPL)
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated
upon initial recognition as such. Subsequently, any changes in fair value are recognised in the statement of profit or loss.
Derecognition of Financial Liability
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. The difference in
the respective carrying amounts is recognised in the statement of profit or loss.
Derivative financial instruments
Initial recognition and subsequent measurement
The Company uses derivative financial instruments such as forward and options currency contracts to hedge its foreign currency
risks. Such derivative financial instruments are initially recognised and subsequently measured at fair value through profit or loss
(FVTPL). Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is
negative.
Any gains or losses arising from changes in the fair value of derivative financial instrument are recognised in the Statement of
Profit and Loss and reported with foreign exchange gains/(loss) not within results from operating activities. Changes in fair value
and gains/(losses) on settlement of foreign currency derivative financial instruments relating to borrowings, which have not been
designated as hedge are recorded as finance expense.

109
[400400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)
Classification of non-current investments [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Type of non-current investments
Investment in public
sector equity
instruments
sector equity
instruments
Investment property
sector equity
instruments
Class of non-current investments Trade investments Trade investments Other investments Trade investments
Nature of non-current investments Quoted Quoted Unquoted Quoted
Non-current investments 1,076,99,78,582 732,75,65,103 5,41,43,035 1,513,21,43,478
Name of body corporate in whom investment has
been made
Adani Enterpirses
Limited
Adani Enterpirses
Limited
Sursuta Co.op.
Housing Society
Limited
Adani Power
Limited
Details of whether such body corporate is
subsidiary, associate, joint venture or
controlled special purpose entity
Associates Associates Othes Associates
Number of shares of non-current investment
made in body corporate
[shares] 9,94,91,719 [shares] 9,94,91,719 [shares] 0
[shares]
37,71,80,885
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in
public sector
equity instruments
Investment in other
Indian companies
equity instruments
sector equity
instruments
sector equity
instruments
Class of non-current investments Trade investments Other investments Trade investments Trade investments
Nature of non-current investments Quoted Unquoted Quoted Quoted
Non-current investments 1,309,48,65,610 17,78,000 4,774,60,29,250 3,480,48,60,050
been made
Adani Power
Limited
The Bombay Stock
Exchange Ltd.
Adani Ports and
Special Economic
Zone Limited
Adani Ports and
Special Economic
Zone Limited
Associates Othes Associates Associates
[shares]
37,71,80,885
[shares] 7,800
[shares]
14,05,12,153
[shares] 14,05,12,153

110
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in
public sector
equity instruments
Investment in
public sector
equity instruments
Investment in other
Indian companies equity
instruments
Class of non-current investments Other investments Trade investments Trade investments Other investments
Nature of non-current investments Unquoted Quoted Quoted Unquoted
Non-current investments 2,45,000 640,22,92,118 341,25,65,962 50,000
been made
Adani Green Enery
Limited
A d a n i
Transmission
Limited
A d a n i
Transmission
Limited
Anand Raj Property
Management Pvt. Ltd.
Associates Associates Associates Joint Ventures
[shares] 24,500
[shares]
9,91,91,719
[shares]
9,91,91,719
[shares] 5,000
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
preference shares
Investment property
Class of non-current investments Other investments Trade investments Other investments Other investments
Nature of non-current investments Unquoted Quoted Unquoted Unquoted
Non-current investments 31,77,363 17,78,000 3,35,00,250 5,41,43,035
been made
The Bombay Stock
Exchange Ltd.
The Bombay Stock
Exchange Ltd.
1% Optionally
Convertible Preference
Shares of SCK Global Pvt
Ltd
Sursuta Co.op.
Housing Society
Limited
Othes Othes Others Othes
[shares] 3,250 [shares] 7,800 [shares] 95,715 [shares] 0

111
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in other
Indian companies
equity instruments
sector equity
instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Class of non-current investments Trade investments Trade investments Other investments Trade investments
Nature of non-current investments Quoted Quoted Unquoted Quoted
Non-current investments 66,40,28,890 6,122,72,03,872 4,04,97,042 6,976
been made
Adani Green Enery
Limited
Adani Enterpirses
Limited
Vishakha
Renewables Pvt.
Ltd.
Anand Raj Property
Associates Associates Joint Ventures Joint Ventures
[shares] 7,84,00,000 [shares] 9,94,91,719 [shares] 50,00,000 [shares] 5,000
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
sector equity
instruments
Investment in other
instruments
Investment in other
instruments
Investments in
partnership
firms
Class of non-current investments Trade investments Other investments Trade investments
O t h e r
investments
Nature of non-current investments Quoted Unquoted Quoted Unquoted
Non-current investments 208,43,25,820 5,13,13,736 41,549 6,74,08,181
been made
Adani Power
Limited
Vishakha Solar Films
pvt. Ltd.
Achaleshwar Infra Pvt.
Ltd.
Adani M2K
LLP
Associates Joint Ventures Joint Ventures others
[shares] 4,40,66,085 [shares] 50,00,000 [shares] 5,000 [shares] 0

112
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investments in
government or
trust securities
Investment in other
Indian companies
equity instruments
Class of non-current investments Other investments Trade investments Other investments Other investments
Non-current investments 49,808 32,319 15,000 2,17,18,486
been made
Vishakha Metals
Private Limited
Brahma Realty Pvt.
Ltd.
NSC
Anand Raj Property
Management Pvt.
Ltd.
Joint Ventures Joint Ventures others Joint Ventures
[shares] 5,400 [shares] 5,000 [shares] 0 [shares] 5,000
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in other
Indian companies
equity instruments
Investments in
debentures or bonds
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Class of non-current investments Trade investments Other investments Other investments Trade investments
Nature of non-current investments Quoted Unquoted Unquoted Quoted
Non-current investments 34,595 2,54,47,078 16,406 8,28,93,110
been made
Blue Shine
Marketing Pvt.
Ltd.
debentures of Khatau
Makanjee Spinning and
Weaving Mills Limited
Achaleshwar Infra
Pvt. Ltd.
Valueable Properties
Pvt. Ltd.
Joint Ventures Others Joint Ventures Associates
[shares] 5,000 [shares] 1,54,900 [shares] 5,000 [shares] 11,84,092

113
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investments in
mutual funds
Investment property
Class of non-current investments Other investments Trade investments
O t h e r
investments
Other investments
Non-current investments 17,677 2,75,000 16,25,00,000 5,41,43,035
been made
Blue Shine
Marketing Pvt. Ltd.
BRSCCL
ASK Real Estate
Opportunities
Sursuta Co.op. Housing
Society Limited
Joint Ventures Others Others Othes
[shares] 5,000 [shares] 27,500 [shares] 1,625 [shares] 0
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments
in mutual
funds
Investments in debentures or
bonds
Investments
in mutual
funds
Investment in other Indian
companies preference shares
Class of non-current investments
Other
investments
Other investments
Other
investments
Other investments
Nature of non-current investments Unquoted Unquoted Unquoted Unquoted
Non-current investments 2,80,33,562 2,54,47,077 40,04,795 3,35,00,250
been made
Chairatae
Trust Class
A1
debentures of Khatau Makanjee
Spinning and Weaving Mills
Limited
Chairatae
Trust Class
A2
1% Optionally Convertible
Preference Shares of SCK
Global Pvt Ltd
Others Others Others Others
[shares]
262.5
[shares] 1,54,900
[shares]
37.5
[shares] 95,715

114
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
partnership firms
Investments in mutual
funds
Investment in other Indian
companies equity
instruments
Investments in
partnership
firms
Class of non-current investments Other investments Other investments Other investments
O t h e r
investments
Non-current investments 5,00,00,000 10,00,00,000 502,46,99,398 5,00,00,000
been made
Adani M2K LLP
ASK Real Estate
Opportunities
Adani Green Energy Ltd.
Adani M2K
LLP
Others Others Associates Others
[shares] 0 [shares] 1,000 [shares] 53,05,79,350 [shares] 0
Classification of non-current investments [Axis] 18 19 20 21
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
preference shares
Investments in
debentures or bonds
Class of non-current investments Other investments Other investments Other investments Other investments
Non-current investments 7,13,24,007 2,75,000 3,35,00,250 2,54,47,075
been made
Valueable Properties
Pvt. Ltd.
BRSCCL
1% Optionally
Convertible
Preference Shares of
SCK Global Pvt Ltd
debentures of Khatau
Makanjee Spinning
and Weaving Mills
Limited
Associates Others Others Others
[shares] 11,84,092 [shares] 27,500 [shares] 95,715 [shares] 1,54,900

115
Classification of non-current investments [Axis] 22
01/04/2016
to
31/03/2017
Disclosure of details of non-current investments [Abstract]
Other non-current
investments
Class of non-current investments Other investments
Nature of non-current investments Unquoted
Non-current investments 50,00,00,000
Name of body corporate in whom investment has been made FSRL CCPS Trust
Details of whether such body corporate is subsidiary, associate, joint venture or controlled
special purpose entity
Others
Number of shares of non-current investment made in body corporate [shares] 500
31/03/2017 31/03/2016 31/03/2015
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 8,005,36,20,790 5,864,16,34,726 6,331,33,07,693
Market value of quoted non-current investments 7,998,66,76,645 5,861,43,09,029 6,331,15,29,693
Aggregate amount of unquoted non-current investments 606,75,40,278 101,04,02,800 18,08,08,543
Aggregate provision for diminution in value of non-current investments 17,60,353 41,14,715 41,14,715
[400500] Notes - Current investments
Details of current investments [Table] ..(1)
Classification of current investments [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Type of current investments
Investments in
mutual funds
funds
funds
Investments in
mutual funds
Class of current investments
Current
investments
Current investments Current investments
Current
investments
Nature of current investments Unquoted Unquoted Unquoted Unquoted
Current investments 33,62,34,910 1,30,20,532 1,29,671 1,21,22,719
Basis of valuation of current investments Fair Value Fair Value Fair Value Fair Value
been made
SBI Dynamic
Bond Fund
Religare Invesco Liquid
Fund Direct- Growth
Religare Invesco Liquid
Fund Direct- Growth
Birla Sun Life -
Growth
Number of shares of current investment made
in body corporate
[shares]
1,63,23,747
[shares] 6,244 [shares] 58 [shares] 60,069

116
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
mutual funds
funds
Investments in
mutual funds
funds
Class of current investments Current investments Current investments
Current
investments
Current investments
Current investments 4,00,23,218 2,40,43,825 4,19,06,991 1,84,86,500
been made
Birla Sun Life -
Growth
SBI Premier Liquid
Fund
SBI Premier
Liquid Fund
ICICI Prudential Money
Market Fund
in body corporate
[shares] 1,84,563 [shares] 10,098 [shares] 16,419 [shares] 82,423
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
mutual funds
funds
Investments in
mutual funds
funds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 3,59,96,811 41,46,046 1,96,72,478 2,08,709
been made
ICICI Prudential
Money Market Fund
IDFC Cash Fund
Growth Regular Plan
IDFC Cash Fund
Growth Direct Plan
BSL Savings Fund
Growth Direct Plan
in body corporate
[shares] 1,49,539 [shares] 1,841.8201 [shares] 9,957.092 [shares] 710.335
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
funds
Investments in
mutual funds
Investments in
mutual funds
funds
Current investments 25,91,191 32,79,968 1,67,58,876 35,35,875
been made
IDFC Cash Fund
Growth Regular Plan
HDFC Liquid Fund
- Growth Plan
IDFC Ulta Short
Term Fund -Growth
Direct Plan
BSL Cash Saving
Fund-Inst.
Prem.Growth Option
in body corporate
[shares] 1,314.706 [shares] 2,984.5463
[shares]
7,23,838.005
[shares] 14,564.474

117
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
mutual funds
funds
Investments in
mutual funds
funds
Current
investments
Current investments
C u r r e n t
investments
Current investments
Current investments 8,86,122 13,64,177 2,27,387 5,01,44,825
been made
BSL Cash Plus
Growth Direct
BSL Cash Saving
Fund-Inst. Prem.Growth
Option
BSL Savings Fund
Growth Direct
Plan
SBI Premier Liquid
Fund- Direct
Plan-Growth
in body corporate
[shares]
3,391.089
[shares] 4,658.081 [shares] 710.335 [shares] 21,027.42
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
mutual funds
funds
Investments in
mutual funds
Investment in other
Indian companies
equity instruments
C u r r e n t
investments
Current investments
C u r r e n t
investments
Current investments
Nature of current investments Unquoted Unquoted Unquoted Quoted
Current investments 19,16,900 75,07,429 11,94,567 58,33,750
been made
HDFC Liquid
Fund - Growth
Plan
JM High Liquidity
Fund-Direct-Growth
BSL Cash Saving
Fund-Inst.
Prem.Growth
Option
ABC India Ltd
in body corporate
[shares] 599.097 [shares] 1,81,187.86 [shares] 4,585.441 [shares] 65,000

118
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investments in
mutual funds
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
C u r r e n t
investments
Current investments Current investments Current investments
Nature of current investments Unquoted Quoted Quoted Quoted
Current investments 14,84,305 12,60,000 56,22,500 2,22,64,490
been made
BSL Cash Saving
Fund-Inst.
Prem.Growth
Option
Advance Metering
Technology Ltd.
ABC India Ltd Atlanta Ltd.
in body corporate
[shares] 4,658.081 [shares] 50,000 [shares] 65,000 [shares] 7,15,900
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Nature of current investments Quoted Quoted Quoted Quoted
Current investments 12,22,500 45,54,000 5,71,88,210 3,60,300
been made
Advance Metering
Technology Ltd.
Chandani Textiles
Engineering Ltd.
Atlanta Ltd.
Jindal Steel & Power
Litd.
in body corporate
[shares] 50,000 [shares] 46,00,000 [shares] 7,06,900 [shares] 6,000

119
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
been made
Chandani Textiles
Engineering Ltd.
Networth Stock
Broking Ltd
Jindal Steel &
Power Litd.
Reliance Power Ltd.
in body corporate
[shares] 4,60,000 [shares] 9,614 [shares] 6,000 [shares] 84,500
Classification of current investments [Axis] 19 20 21
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
[Abstract]
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
been made
Networth Stock
Broking Ltd
Educomp Solutions
Ltd.
Reliance Power Ltd.
Educomp Solutions
Ltd.
in body corporate
[shares] 10,715 [shares] 15,000 [shares] 84,500 [shares] 15,000
01/04/2016
to
31/03/2017
31/03/2016 31/03/2015
Disclosure of notes on current investments explanatory [TextBlock]
[See below]
Aggregate amount of quoted current investments 7,70,61,540 3,88,96,137 9,80,87,310
Market value of quoted current investments 7,70,61,540 3,88,96,137 9,80,87,310
Aggregate amount of unquoted current investments 49,90,23,427 13,78,60,604 25,49,13,360
Aggregate provision for diminution in value of current investments 0 0 0

120
Disclosure of notes on current investments explanatory [Text Block]
Current & Non-Current Classification
The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current
when it is:
i) Expected to be realized or intended to be sold or consumed in normal operating cycle
ii) Held primarily for the purpose of trading
iii) Expected to be realized within twelve or thirty six months (depending on business) after the reporting period, or
iv) Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the
reporting period.
All other assets are classified as non-current.
A liability is current when:
i) It is expected to be settled in normal operating cycle
ii) It is held primarily for the purpose of trading
iii) It is due to be settled twelve or thirty six months (depending on business) after the reporting period, or
iv) There is no unconditional right to defer the settlement of the liability for at least thirty six months after the reporting period
The Company classifies all other liabilities as non-current.
Deferred tax assets and liabilities are classified as non-current assets and liabilities respectively.
The operating cycle is the time between the acquisition of assets for processing and their realization in cash and cash equivalents. The
Company has identified twelve or thirty six months (depending on business) as its operating cycle.

121
[611600] Notes - Non-current asset held for sale and discontinued operations
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
operations
822,56,82,163 408,67,86,017 0
Net cash flows from (used in) operating activities 822,56,82,163 408,67,86,017
Net cash flows from (used in) investing activities, continuing
operations
-424,97,34,528 -2,054,91,01,476 0
Net cash flows from (used in) investing activities -424,97,34,528 -2,054,91,01,476
Net cash flows from (used in) financing activities, continuing
operations
-394,98,25,028 1,667,09,06,042 0
Net cash flows from (used in) financing activities -394,98,25,028 1,667,09,06,042
[400100] Notes - Equity share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Name of shareholder [Axis] Name of shareholder [Member]
Shareholder 1
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Type of share EQUITY SHARE EQUITY SHARE EQUITY SHARE EQUITY
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 SHARE EQUITY SHARE EQUITY SHARE EQUITY
Name of shareholder
Refer to child
member
Refer to child
member
Adani Commodities
through its nominees
Permanent account number of shareholder AACFA6217H
Country of incorporation or residence of
shareholder
INDIA
Number of shares held in company [shares] 1,29,01,764 [shares] 1,29,01,764 [shares] 1,29,01,764 [shares] 56,91,000
Percentage of shareholding in company 100.00% 100.00% 100.00% 44.11%

122
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Type of share EQUITY EQUITY EQUITY EQUITY
company [Abstract]
Name of shareholder
Adani Commodities
Adani Commodities
S.B. Adani Family
Trust through its
nominees
S.B. Adani Family
Trust through its
nominees
Permanent account number of shareholder AACFA6217H AACFA6217H AAFTS2164Q AAFTS2164Q
shareholder
INDIA INDIA INDIA INDIA
Number of shares held in company [shares] 56,91,000 [shares] 56,91,000 [shares] 51,99,944 [shares] 51,99,944
Name of shareholder [Axis]
Shareholder 2
[Member]
Shareholder 3 [Member]
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
company [Abstract]
Name of shareholder
S.B. Adani Family
Trust through its
nominees
Karan G Adani Karan G Adani Karan G Adani
Permanent account number of shareholder AAFTS2164Q AIQPA6627F AIQPA6627F AIQPA6627F
shareholder
INDIA INDIA INDIA INDIA
Number of shares held in company [shares] 51,99,944 [shares] 20,10,820 [shares] 20,10,820 [shares] 20,10,820

123
Disclosure of classes of equity share capital [Table] ..(1)
Classes of equity share capital [Axis] Equity shares [Member]
Equity shares 1
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share EQUITY SHARE
Number of shares authorised [shares] 5,60,70,000 [shares] 5,60,70,000 [shares] 5,60,70,000 [shares] 5,60,70,000
Value of shares authorised 56,07,00,000 56,07,00,000 56,07,00,000 56,07,00,000
Number of shares issued [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares issued 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
Number of shares subscribed and fully paid [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares subscribed and fully paid 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
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] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785
Total value of shares subscribed 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares called 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
Value of shares paid-up 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
called
[INR/shares] 0
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Total increase (decrease) in number of
shares outstanding
[shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0 0 0 0
Equity share capital at end of period 12,90,17,850 12,90,17,850 12,90,17,850 12,90,17,850
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]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0 0
Type of share EQUITY SHARE

124
Disclosure of classes of equity share capital [Table] ..(2)
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share EQUITY SHARE EQUITY SHARE
Number of shares authorised [shares] 5,60,70,000 [shares] 5,60,70,000
Value of shares authorised 56,07,00,000 56,07,00,000
Number of shares issued [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares issued 12,90,17,850 12,90,17,850
Number of shares subscribed and fully paid [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares subscribed and fully paid 12,90,17,850 12,90,17,850
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] 1,29,01,785 [shares] 1,29,01,785
Total value of shares subscribed 12,90,17,850 12,90,17,850
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,29,01,785 [shares] 1,29,01,785
Value of shares called 12,90,17,850 12,90,17,850
Value of shares paid-up 12,90,17,850 12,90,17,850
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]
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 0 [shares] 0
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Total increase (decrease) in share capital 0 0
Equity share capital at end of period 12,90,17,850 12,90,17,850
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]
Total application money received for allotment of securities and due for
refund and interest accrued thereon
0 0
Type of share EQUITY SHARE EQUITY SHARE
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Yes Yes
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No

125
[400300] Notes - Borrowings
Classification of borrowings [Table] ..(1)
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured/Unsecured borrowings [Member]
Secured
borrowings
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,935,07,91,369 2,263,87,24,844 567,38,01,062 17,75,26,925
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
Borrowings 882,59,94,638 567,38,01,062 1,917,32,64,444 1,381,27,30,206
Classification of borrowings [Axis] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Unsecured
borrowings
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Borrowings 17,75,26,925 882,59,94,638 567,38,01,062 1,184,74,87,160
Classification of borrowings [Axis]
Term loans
[Member]
Term loans from banks [Member]
Subclassification of borrowings [Axis]
Unsecured
borrowings
[Member]
Secured borrowings [Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2016 31/03/2015 31/03/2017
Borrowings 677,91,08,760 847,31,37,743 567,38,01,062 486,60,00,000

126
Term loans from
banks [Member]
Rupee term loans from banks [Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2016 31/03/2015 31/03/2017
Borrowings 478,35,07,845 847,31,37,743 567,38,01,062 486,60,00,000
Rupee term loans
from banks
[Member]
Term loans from others [Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Borrowings 478,35,07,845 17,75,26,925 35,28,56,895 698,14,87,160
Term loans from
others [Member]
Rupee term loans from others [Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Borrowings 199,56,00,915 17,75,26,925 35,28,56,895 698,14,87,160
Rupee term loans
from others
[Member]
Deposits [Member]
Deposits from
shareholders
[Member]
Unsecured
borrowings
[Member]
Unsecured borrowings [Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Borrowings 199,56,00,915 173,41,16,495 204,41,95,686 173,41,16,495

127
Deposits from
shareholders
[Member]
Other loans and advances [Member]
Other loans and
advances, others
[Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Borrowings 204,41,95,686 559,16,60,789 498,94,25,760 559,16,60,789
Classification based on current non-current [Axis]
Non-current
[Member]
Current [Member]
Other loans and
advances, others
[Member]
Borrowings [Member]
Unsecured
borrowings
[Member]
Secured/Unsecured borrowings [Member]
31/03/2016 31/03/2017 31/03/2016 31/03/2015
Borrowings 498,94,25,760 4,342,97,90,920 3,692,28,59,979 2,297,70,35,025
Classification based on current non-current [Axis] Current [Member]
Unsecured
borrowings
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Borrowings 1,287,82,76,696 633,00,44,454 142,07,36,030 3,055,15,14,224
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
Borrowings 3,059,28,15,525 2,155,62,98,995 1,287,82,76,696 633,00,44,454

128
Classification of borrowings [Axis] Term loans [Member]
Term loans from
banks [Member]
Secured
borrowings
[Member]
Secured
borrowings
[Member]
31/03/2015 31/03/2017 31/03/2016 31/03/2017
Borrowings 142,07,36,030 324,80,84,762 63,19,51,271 1,237,85,76,696
Classification of borrowings [Axis] Term loans from banks [Member]
Rupee term loans
from banks
[Member]
Unsecured
borrowings
[Member]
Secured
borrowings
[Member]
31/03/2016 31/03/2015 31/03/2016 31/03/2017
Borrowings 571,81,95,654 142,07,36,030 63,19,51,271 1,237,85,76,696
Classification of borrowings [Axis] Rupee term loans from banks [Member]
Term loans from
others [Member]
Unsecured
borrowings
[Member]
Secured
borrowings
[Member]
31/03/2016 31/03/2015 31/03/2016 31/03/2017
Borrowings 571,81,95,654 142,07,36,030 63,19,51,271 49,97,00,000
Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
Secured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2016 31/03/2017 31/03/2017 31/03/2016
Borrowings 61,18,48,800 324,80,84,762 49,97,00,000 61,18,48,800

129
Rupee term loans
from others
[Member]
Deposits [Member]
Deposits from
shareholders
[Member]
Other loans and
advances [Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
Unsecured
borrowings
[Member]
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Borrowings 324,80,84,762 67,03,00,000 67,03,00,000 2,663,31,29,462
Classification of borrowings [Axis] Other loans and advances [Member]
Other loans and advances, others
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
Borrowings 2,996,08,64,254 2,155,62,98,995 2,663,31,29,462 2,996,08,64,254
Other loans and
advances, others
[Member]
Unsecured
borrowings
[Member]
31/03/2015
Borrowings 2,155,62,98,995
01/04/2016
to
31/03/2017
Disclosure of notes on borrowings explanatory [TextBlock]
[See below]

130
Disclosure of notes on borrowings explanatory [Text Block]
As at As at As at
Long Term Borrowings 31st March, 2017 31st March, 2016 1st April, 2015
Secured Borrowings
Term Loans :
From banks
- 8,47,31,37,743 5,67,38,01,062
From NBFC
17,75,26,925 35,28,56,894 -
17,75,26,925 8,82,59,94,637 5,67,38,01,062
SEMPL
The Company has obtained a term loan from Standard Chartered Bank amounting Rs.
90,00,00,000, outstanding as on 31st March, 2017 Rs. NIL ( 31st March, 2016 :
78,00,00,000, 1st April, 2015 : 81,00,00,000 ). The term loan is secured by an exclusive
charge over Land, Development Rights, present and future receivables with minimum
security cover of 2 times for Shantigram Township, including Apartment and Villa
Projects and is backed by a corporate guarantee from Adani Infrastructure and
Developers Private Limited. The Loan carries interest at Base Rate plus Margin. Loan
carries interest rate between 11.00% to 12.00%.
AEPL
The above facilities are secured by the hypothecation of first and exclusive mortgage of
project land 7547.51 sq. meter together with development potential FSI of 64841,38 Sq.
meter, together with all rights, title, benefits and entitlements with regards to the said
land with construction thereon present and future situated at Ambivali, Versova Area,
Andheri, Mumbai and exclusive charge on scheduled receivable. The above loan
carries 11.35% rate of Interest.
The loan will be repayable in equal installments from 51st Month onward from the
January-2015. (As on 31st March, 2016: Rs.3,997,072,012/-; 1st April, 2015: Rs.
3,782,115,932/-)
Swayam LLP

131
Rupee Term loan from Bank Rs 472,31,06,285 (31st March, 2016 : Rs 265,95,02,693/-
, 1st April, 2015 : Rs. 180,53,27,161/-) is secured by all pieces & parcels of freehold
land bearing Cadastral Nos. 1798, 16/1840 & 1841 of Byculla division admeasuring
36562 Sq. Meters, including project Monte South constructed or proposed to be
constructed on the above said land along with all scheduled receivables, receipts,
income, benefits & consideration in respect of project Monte South, carries interest rate
varying between 11.35% to 13.10 % which is linked to HDFC Corporate Prime
Landing Rate to be reviewed on quarterly basis. Repayment Schedule is linked to
Receivable from Customer. However, minimum Installment of Rs. 50 Cr start from
51st Month ( i.e. November 2018 ) to 60th Month.
Rupee Term loans from Bank Rs NIL (31st March, 2016 : Rs 21,53,285/- , 1st April,
2015 : Rs. 189,05,927/-) is secured by respective commercial equipment's for which
Loans are taken , carries interest rate varying between 10.50% to 11.00 % . Repayment
schedule are fixed based on Fixed Interest Rate..
Rupee Term Loan from Financial Institutions Rs 9,68,703/- (31st March, 2016 : Rs
24,87,136/- , 1st April, 2015 : 31,32,978/-) is secured by Hypothecation of Car. Loan
carries fixed interest rate of 9.99% with monthly installment of Rs. 112198/-
Unsecured borrowings - at amortised cost
Term Loan
From Bank -(Refer below Note. i)
4,86,60,00,000 4,78,35,07,845 -
From Non Banking Finance Company -(Refer below Note. ii to iv)
6,98,14,87,160 1,99,56,00,915 -
Loans from Members(Refer below Note.v)
1,73,41,16,495 2,04,41,95,686 -
Loans From Related Parties-( Refer Note No.40 & Below Note No.iv)
55,59,66,878 - -
10.48% Rated, Unlisted, Redeemable Non-convertible Debentures (Note iii)
- 4,98,94,25,760 -
Rated, Unlisted, Zero-coupon, Redeemable Non-convertible Debentures ( (Refer below
Note. vi) 2,54,28,82,275 - -
Rated, Unlisted, Zero-coupon, Redeemable Non-convertible Debentures ( (Refer below
Note. vii ) 2,49,28,11,636 - -

132
19,17,32,64,444 13,81,27,30,207 -
Notes : TOTAL
19,35,07,91,369 22,63,87,24,844 5,67,38,01,062
Term Loan
i) Loan from IndusInd Bank Limited for Rs. 486.60 Crores is secured
by
a) Exclusive charge over Investment of Company in the form of preference share or
loan advanced to Solar SPV's of Adani Green Energy
Ltd.
b) Pledge of 8,25,24,000 (31st March, 2016: 6,54,24,000) equity shares of Adani
Enterprises Ltd. and 89,71,000 (31st March, 2016 : 10397000) equity shares of Adani
Ports & Special Economic Zone Ltd. held by Promoters.
Same loan is repayable in equal instalments at the end of 3rd, 4th and 5th year from
31st December, 2015 and carries interest @10.60%.
ii) Loan from Aditya Birla Finance Limited for Rs. 200 Crores is secured by pledge of
37,93,000( 31st March, 2016: 65,23,000) equity shares of Adani Enterprises Limited ,
1,08,56,000 (31st March, 2016 : 1,36,62,000) equity share of Adani Ports & Special
Economic Zone Limited and 88,19,865 (31st March, 2016 : 2,16,09,865) equity share
of Adani Transmission Limited held by Promoters of the Company and same loan is
repayable as follows : 25%, 35% and 40% of the principal amount to be repaid at the
end of 3rd, 4th and 5th years from the date of Initial Disbursement respectively. (Date
of Disbursement 30th December, 2015). Rate of interest is 10.50%.
iii) Loan from IFCI Limited for Rs. 200 Crores drawn as against sanction of Rs. 250
Crores is secured by exclusive mortgage approx. 210000 Sq. MT. Non-agricultural
Land located at Village- Dantali, Khoraj & Jaspur, District Gandhinagar owned by M/s.
Shantigram Statement Management Private Limited.
Same loan is repayable in equal quarterly instalments at the end of 18th months from
21st December, 2016 and carries interest @11%.(Linked with IFCI benchmark Rate.)
iv) Loan from Kotak Mahindra Investments Limited for Rs. 175 Crores & From Kotak
Mahindra Prime Limited for Rs. 125 Crores secured by pledge of 105,63,000 equity

133
shares of Adani Enterprises Limited , 1,45,63,000 equity share of Adani Ports &
Special Economic Zone Limited and 1,00,87,000 equity share of Adani Transmission

134
Limited held by Promoters of the company and same loan is repayable as at the end of
36 months from disbursement. (Date of Disbursement 07th February, 2017). Rate of
interest is @ 9.05%. payable at maturity
v) Loan received from members interest free and repayable on mutual terms.
vi) Non Convertible Debentures of Rs. 250 crores secured by pledge of 85,70,000
equity shares of Adani Enterprises Limited, 1,26,98,000 equity shares of Adani Ports
& Special Economic Zone Limited an 80,47,000 equity shares of Adani Transmission
Limited held by Promoters of the Company and the same is repayable on 10th April,
2019 (2 years 14 days) along with premium @9.15% p.a. payable at maturity
vii) Non Convertible Debentures of Rs. 255 crores secured by pledge of 74,88,000
equity shares of Adani Enterprises Limited, 1,19,08,000 equity shares of Adani Ports
& Special Economic Zone Limited an 79,84,000 equity shares of Adani Transmission
Limited held by Promoters of the Company and the same is repayable on 10th April,
2019 (27 month) along with premium @9% p.a. payable at maturity
iv) The above loan is repayable on mutually agreed dates up to validity of agreement,
i.e. 29th February, 2020.The said loan carries an interest rate of 8 % p.a.
Short Term Borrowings
Secured
From Banks -(Refer below Notes.)
12,37,85,76,696 5,71,81,95,654
From Financial Institution
49,97,00,000 61,18,48,800
12,87,82,76,696 6,33,00,44,454
Unsecured

135
From banks
- 63,19,51,271
Related Parties-( Refer Note No.40)
10,85,75,48,992 14,41,49,99,259
From Financial Institution-(Refer below Note. I & ii(b))
3,24,80,84,762 -
From Members-(Refer below Note.-iii)
67,03,00,000 -
Others
4,06,18,98,959 3,83,21,83,484
Non Convertible Redeemable Debenture
- -
0% Compulsory Convertible Debenture
11,71,36,81,512 11,71,36,81,512
30,55,15,14,224 30,59,28,15,525
43,42,97,90,920 36,92,28,59,979
APPL
i) Loan from IFCI Limited for Rs. 250 Crores is secured by exclusive is secured by pledge of 1,17,00,000 equity
share of Adani Ports & Special Economic Zone Limited and 2,40,00,000 equity share of Adani Transmission
Limited held by Promoters of the Company and same loan is repayable within one year from 31/03/2017 i.e. date
of disbursement and carries interest @8.65%.(Linked with IFCI benchmark Rate for short term loan.)
AIIL
a) Term loan from Bank of Rs. 250 Crores ( Previous year Nil) is secured by Subservient charge on all
moveable fixed asset and current asset of the company and unconditional & irrevocable Corporate Guarantee of
Adani Properties Private Limited (Holding Company), repayable on 30th June, 2017 and carried interest rate of
10.05%
p.a.
b) Unsecured loan from financial Institutions of Rs. 75 Crores repayable on 26th August, 2017 and carries
interest rate of 10.10% p.a. c) Loans from related parties and others of Rs. 1054.71 Crores
are repayable on mutually agreed dates.
Loan received from members interest free and repayable on demand.

136
AIDPL
The above short-term loan from IndusInd Bank Limited has been obtained to give it to Adani Township and Real
Estate Company Private Limited (“ATRECO”), to enable ATRECO to repay its debt of group companies which
was utlized for development of various projects of Adani Group Companies. The loan carries interest @ 10.60%
p.a. and is repayable within 2.5 years from disbursement date in quarterly installment after a moratorium period
of 15 months. The loan is repayable in 5 structured quarterly installments starting from August 2017 to August
2018. The loan is secured by:
(i) First exclusive charge on development right of free sale are of 7.92L Sq. Ft. Right to sell Commercial Building
- Phase 1 of the project of Adani Developers Private Limited Inprire by Adani.
(ii) Exclusive charge of sold/unsold receivables pertaining to the aforesaid project.
(iii) Exclusive hypothecation charge over all rights, title, benefits, claims, and demands of the Borrower under
aforesaid project documents.
(As on 31st March, 2017: Rs. 3,500,000,000/-Nil ; 31st March, 2016: Rs.3,500,000,000/-; 1st April, 2015 : Rs.
550,000,000/-)
SEMPL
1) HDFC Bank Overdraft (As on 31st March, 2017: Rs.342,951,713/-; 31st March, 2016: Rs. 482,585,589; 1st
April, 2015: Rs. Nil)
The Company has obtained bank overdraft from HDFC Bank. The bank overdraft carries interest between
10.50% to 11.00% p.a. and is secured by:
(i) First Pari passu charge on all that piece or parcel of land bearing survey nos. 346, 347 & 348 of mouje
Khodiyar, Taluka Dascroi, Ahmedabad total 32274 Sq. Mts. & survey no. 52,53 & 54 of mouje Khoraj taluka
& district Gandhinagar total 19932 Sq. Mts.
(ii) First Pari Passu charge on the cash flows/receivables of the North Park Villas.
2) Federal Bank Overdraft(As on 31st March, 2017 : Rs.279,834,926/-)
The Company has obtained bank overdraft from Federal Bank. The bank overdraft carries interest between
10.50% to 11.00% p.a. and is secured by:
(i) First Pari passu charge on Non Agriculture land of plot No 345/p situated at Shantigram Township
(ii) First Pari Passu charge on the cash flows/receivables of the North Park Villas.
Swayam
Above Loan Includes Loan from related parties ( Marathon NextGen Realty Limited ), carrying Interest rate of
11.55%. The said Loan are to be repaid within one year from the date of agreement.
ATRECO
Primary Security:
Exclusive floating charge on the entire cash flows, including sales, advance amount received/committed,
receivables from the customers, receivable realisation, of the project from the schemes named Waterlily,
Meadows, Aangan & Elysium.
Collateral Security:
Mortgage of open Land situated at, village Dantali & Jaspur, Dist.: Gandhinagar, Ahmedabad, standing in the
name of Adani Township & Real Estate Company Private Limited and Shantigram Estate Management Private

137
Limited. The total area of the Land is 6,35,039 Sq. Mtr.
(As on 31st March, 2017 : Rs. 3,173,832,755/-; 31st March, 2016: Rs.1,350,000,000/-; 1st April, 2015 : Rs.
775,655,344/-)
ADPL
i) 10.60 % Loan from IndusInd Bank
ii) Secured by first and exclusive charge on the Development Rights of the of the free sale area of 8,00,000 Sq.
Ft. for the project 'Adani Aspire', Right to sell Commercial Building -Phase I of the project.
iii) Exclusive charge on sold/unsold receivables (including lease rentals, sale proceeds, lease deposits, lease rental
discounting etc., relevant to receivables, all refinancing proceeds received by the borrower, any other receipts
etc.) of the project escrowed to bank.
iv) Exclusive hyphothetication charge over all rights, title, benefits, claims and demands of the borrower under
project documents.
v) Corporate Guarantee from Adani Infrastructure and Developers Private Limited (AIDPL - Holding Company)
backed by unconditional corporate guarantee by Adani Properties Private Limited (Ultimate Holding Company).
vi) Pari passu charge over loans and advances given by AIDPL to Adani Township & Real Estate Company
Private Limited.
vii) Shares of Adani Enterprises Limited (AEL), Adani Transmission Limited (ATL) to the extent 0.38X & Adani
Ports & Special Economic Zone Limited (APSEZ) to the extent of 0.74X each of facility amount.
vii) Above loan will be repayable in five equal quarterly instalments starting from the end of the 18th Month from
the date of first disbursement. (i.e. 8th Feb, 2016)
ADPL - CCD
The Company had issued the following unsecured Compulsorily Convertible Debentures to fund its project:
a. 132 Zero-percent Compulsorily Convertible Debentures ("CCDs") of USD 1 million each issued at par during
FY 2008-09.
b. 3,84,43,419 Compulsorily Convertible Debentures ("CCDs") of Rs. 100 each issued at par during FY 2008-09.
These CCDs originally carried interest at LIBOR plus 3%. However, after 3 months of allotment the parties
agreed vide supplementary agreement dated June 1, 2009 to make these zero-percent CCDs.
c. 2,18,08,837 Zero percent Compulsorily Convertible Debentures ("CCDs") of Rs. 100 each issued at par during
FY 2009-10.
Following a supplementary agreement dated April 1, 2011 amending the original terms of issue, these CCDs were
due for conversion on December 31, 2014. However, vide agreement dated January 1, 2015 between the parties,
the date for conversion was extended such that the CCDs shall now be compulsorily convertible at the pleasure of
the holder at any time on or before December 31, 2020.
The valuation of the Company's equity shares for the purpose of this conversion shall be the average of values
determined as per two valuation reports submitted by security values at that point of time. Upon conversion, the
the equity shares allotted to the CCD holders shall carry the same rights and obligations available to the existing
equity shareholders.

138
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member]
Allowance for
credit losses
[Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 13,30,06,851 11,61,44,047 6,43,92,110 13,30,06,851
Net deferred tax liability (assets) -13,30,06,851 -11,61,44,047 -6,43,92,110 -13,30,06,851
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
recognised in profit or loss
-1,68,62,804 -5,17,51,937 -1,68,62,804
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
recognised in profit or loss
-1,68,62,804 -5,17,51,937 -1,68,62,804
Total increase (decrease) in deferred
tax liability (assets)
-1,68,62,804 -5,17,51,937 0 -1,68,62,804
Deferred tax liability (assets) at end of
period
-13,30,06,851 -11,61,44,047 -6,43,92,110 -13,30,06,851
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Temporary difference, unused tax losses and unused tax credits [Axis] Allowance for credit losses [Member]
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets 11,61,44,047 6,43,92,110
Net deferred tax liability (assets) -11,61,44,047 -6,43,92,110
Deferred tax expense (income) recognised in profit or loss -5,17,51,937
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -5,17,51,937
Total increase (decrease) in deferred tax liability (assets) -5,17,51,937 0
Deferred tax liability (assets) at end of period -11,61,44,047 -6,43,92,110

139
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of income tax [TextBlock]
[See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 15,84,90,539 11,29,89,416 0
Total current tax expense (income) and adjustments for current tax
of prior periods
15,84,90,539 11,29,89,416 0
Total tax expense (income) 15,84,90,539 11,29,89,416 0
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Tax expense (income) at applicable tax rate 15,84,90,539 11,29,89,416 0
Total tax expense (income) 15,84,90,539 11,29,89,416 0

140
Disclosure of income tax [Text Block]
iii) Taxes:
Significant judgements are involved in estimating budgeted profits for the purpose of paying advance tax, determining the provision for
income taxes, including amount expected to be paid/recovered for uncertain tax positions. Significant management judgement is also
required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future
taxable profits together with future tax planning strategies, including estimates of temporary differences reversing on account of available
benefits from the tax laws applicable to respective entities.
Taxes on Income
i) Current Tax
Provision for taxation has been made in accordance with the provisions of Income Tax Act, 1961 prevailing for the relevant
assessment year. In absence of taxable profit no tax provision has been made.
ii) Deferred Tax
Deferred tax is provided using the balance sheet approach on temporary differences between the tax bases of assets and
liabilities and their carrying amounts in the financial statements at the reporting date.
Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any
unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be
utilized.
Net outstanding balance in Deferred Tax account is recognized as deferred tax liability/asset. The deferred tax account is
used solely for reversing timing difference as and when crystallized.

141
[611000] Notes - Exploration for and evaluation of mineral resources
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
[611900] Notes - Accounting for government grants and disclosure of government assistance
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
[401100] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision other employee related
liabilities
11,49,31,914 11,21,56,451 3,26,34,046 4,90,92,022
Total provisions for employee benefits 11,49,31,914 11,21,56,451 3,26,34,046 4,90,92,022
Provision for corporate tax [Abstract]
Provision for other tax 17,62,044
Total provision for corporate tax 17,62,044
Provision for statutory liabilities (A) 12,50,000
CSR expenditure provision 0 0 0 0
Total provisions 11,61,81,914 11,21,56,451 3,26,34,046 5,08,54,066
Footnotes
(A) Provision for Standard Assets

142
Disclosure of breakup of provisions [Table] ..(2)
31/03/2016 31/03/2015
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision other employee related liabilities 3,31,93,570 1,30,58,833
Total provisions for employee benefits 3,31,93,570 1,30,58,833
Provision for corporate tax [Abstract]
Provision for other tax 29,000 2,82,209
Total provision for corporate tax 29,000 2,82,209
CSR expenditure provision 0 0
Total provisions 3,32,22,570 1,33,41,042
Other current liabilities, others [Table] ..(1)
Other current liabilities, others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 10,58,35,725 0 0 1,016,42,86,735
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Description of other current liabilities,
others
Income received in
advance
Income received in
advance
Income received in
advance
Advances from
Customers
Other current liabilities, others 10,58,35,725 0 0 1,016,42,86,735
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
[Abstract]
Other current liabilities, others 949,73,37,656 321,41,10,026 0 45,44,466
items]
others
Advances from
Customers
Advances from
Customers
Advance stamp duty
received
Advance stamp duty
received
Other current liabilities, others 949,73,37,656 321,41,10,026 0 45,44,466

143
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
[Abstract]
Other current liabilities, others 0 4,63,26,189 5,89,78,899 24,66,466
items]
others
Advance stamp duty
received
Statutory Current
Liabilities
Statutory Current
Liabilities
Statutory Current
Liabilities
Other current liabilities, others 0 4,63,26,189 5,89,78,899 24,66,466
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
[Abstract]
Other current liabilities, others 17,91,77,999 14,62,28,549 13,93,07,345 90,701
items]
others
Sundry Creditors for
Capital Goods
Capital Goods
Capital Goods
Other Current
Liability
Other current liabilities, others 17,91,77,999 14,62,28,549 13,93,07,345 90,701
Other current liabilities, others [Axis] 6
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of other current liabilities notes [Abstract]
Other current liabilities, others 98,300 55,020
Other current liabilities, others [Line items]
Description of other current liabilities, others
Other Current
Liability
Other Current
Liability
Other current liabilities, others 98,300 55,020

144
Other non-current financial liabilities others [Table] ..(1)
Other non-current financial liabilities others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 100,10,28,073 57,37,38,323 52,43,70,265 34,72,60,934
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Description other non-current financial
liabilities others
Deposits from
customer and Other
Deposits from
customer and Other
Deposits from
customer and Other
Unaccrued Income
Realisable after next
12 months
Other non-current financial liabilities,
others
100,10,28,073 57,37,38,323 52,43,70,265 34,72,60,934
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities, others 22,28,42,157 19,09,01,038 1,48,25,101 71,04,000
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
liabilities others
Unaccrued Income
12 months
Unaccrued Income
12 months
Deferred Income Deferred Income
Other non-current financial liabilities,
others
22,28,42,157 19,09,01,038 1,48,25,101 71,04,000
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities, others 69,78,000 5,96,47,474 7,32,93,927
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Description other non-current financial liabilities others Deferred Income
Interest Accrued but
not due
Interest Accrued but
not due
Other non-current financial liabilities, others 69,78,000 5,96,47,474 7,32,93,927

145
Other current financial liabilities, others [Table] ..(1)
Other current financial liabilities, others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 3,80,85,437 8,60,66,345 3,21,99,178 0
Other current financial liabilities, others
[Abstract]
[Line items]
Description of other current financial
liabilities, others
Book Overdraft Book Overdraft Book Overdraft
Unaccrued income
realisable in next 12
months
Other current financial liabilities,
others
3,80,85,437 8,60,66,345 3,21,99,178 0
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
notes [Abstract]
Other current financial liabilities, others 0 3,36,000 177,82,19,694 158,07,04,787
[Abstract]
[Line items]
liabilities, others
Unaccrued income
months
Unaccrued income
months
Interest Free
Deposits from
Customers & Others
Interest Free Deposits
from Customers &
Others
others
0 3,36,000 177,82,19,694 158,07,04,787
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
notes [Abstract]
Other current financial liabilities, others 124,52,05,405 68,80,370 69,82,171 73,83,221
[Abstract]
[Line items]
liabilities, others
Interest Free
Deposits from
Customers & Others
Liabilities taken over
pursuant to scheme
of BIFR
pursuant to scheme
of BIFR
pursuant to scheme of
BIFR
others
124,52,05,405 68,80,370 69,82,171 73,83,221

146
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
notes [Abstract]
Other current financial liabilities, others 111,54,32,790 119,04,75,815 97,40,00,000 39,23,76,418
[Abstract]
[Line items]
liabilities, others
Overdrawn Account
in LLP
Overdrawn Account
in LLP
Overdrawn Account in
LLP
Other Current
Financial Liabilities
others
111,54,32,790 119,04,75,815 97,40,00,000 39,23,76,418
Other current financial liabilities, others [Axis] 6
01/04/2015
to
31/03/2016
31/03/2015
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities, others 27,13,92,520 22,93,51,080
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Description of other current financial liabilities, others
Other Current
Other Current
Other current financial liabilities, others 27,13,92,520 22,93,51,080
Other non-current financial assets, others [Table] ..(1)
Classification of other non-current financial assets others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 2,14,94,353 4,59,96,989 6,44,20,439 12,19,201
Other non-current financial assets, others
[Abstract]
[Line items]
assets, others
Security Deposits Security Deposits Security Deposits
Gratuity Fund
Balance ( Net of
Liability )
Other non-current financial assets, others 2,14,94,353 4,59,96,989 6,44,20,439 12,19,201

147
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Other non-current financial assets, others 0 0 3,21,19,777 1,19,777
[Abstract]
[Line items]
assets, others
Gratuity Fund
Balance ( Net of
Liability )
Gratuity Fund
Balance ( Net of
Liability )
Bank Deposits
having original
maturity over 12
month - Margin
m o n e y
deposits(lodged with
Sales Tax authorities
& Financial
Institution against
Loan of Subsidiary)
Bank Deposits having
original maturity over
12 month - Margin
m o n e y
& Financial
Institution against
Loan of Subsidiary)
Other non-current financial assets, others 0 0 3,21,19,777 1,19,777
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Other non-current financial assets, others 1,34,777 4,18,343 99,130 93,530
[Abstract]
[Line items]
assets, others
Bank Deposits
having original
maturity over 12
month - Margin
m o n e y
& Financial
Institution against
Loan of Subsidiary)
Interest accrued but
not due
not due
not due
Other non-current financial assets, others 1,34,777 4,18,343 99,130 93,530
Classification of other non-current financial assets others [Axis] 5
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
Other non-current financial assets, others 1,58,21,066 56,89,036 0
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Description other non-current financial assets, others
Accrued Income
Others
Accrued Income
Others
Accrued Income
Others
Other non-current financial assets, others 1,58,21,066 56,89,036 0

148
Other current financial assets others [Table] ..(1)
Other current financial assets others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 119,40,25,580 110,12,19,394 21,71,56,235 67,82,62,611
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets
others
Deposit to Vendor,
Customer & Others
Deposit to Vendor,
Customer & Others
Deposit to Vendor,
Customer & Others
Interest Receivable
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
items]
others
Interest Receivable Interest Receivable Accrued Revenue Accrued Revenue
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Other current financial assets others 239,10,33,754 14,31,505 9,31,505 4,31,505
items]
others
Accrued Revenue
Lease Rent
Receivable
Lease Rent
Receivable
Lease Rent Receivable
Other current financial assets others 239,10,33,754 14,31,505 9,31,505 4,31,505

149
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other current financial assets others 4,61,32,828 4,68,27,586 3,07,80,486 53,51,038
items]
others
Other Receivables -
From Related
Parties-( Refer Note
No.40)
Other Receivables -
From Related
Parties-( Refer Note
No.40)
Other Receivables -
From Related Parties-(
Refer Note No.40)
Other Receivables -
From Others
Other current financial assets others 4,61,32,828 4,68,27,586 3,07,80,486 53,51,038
Other current financial assets others [Axis] 6
01/04/2015
to
31/03/2016
31/03/2015
Other current financial assets others 68,47,572 70,39,461
Other current financial assets others [Line items]
Description other current financial assets others
Other Receivables -
From Others
Other Receivables -
From Others
Other current financial assets others 68,47,572 70,39,461
Classification of inventories [Table] ..(1)
Classification of inventories [Axis] Company inventories [Member]
Work-in-progress
[Member]
31/03/2017 31/03/2016 31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 5,017,58,25,266 4,658,63,44,763 4,475,26,62,808 (A) 4,663,48,76,583
Mode of valuation COST OR NRV
Footnotes
(A) SEMPL Inventory includes cost of land aggregating to Rs.17.55 crores (Previous year Rs.48.38 crores) in respect of which
agreements for sale / sale deeds have been executed but which remain to be transferred in the name of the Company in land revenue
records.

150
Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2015
to
31/03/2016
31/03/2015
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Inventories 4,609,96,48,856 4,409,92,87,715 3,22,29,747 3,22,29,747
Mode of valuation
COST OR NRV
WHICH EVER IS
LESS
COST OR NRV
WHICH EVER IS
LESS
COST OR NRV
WHICH EVER IS
LESS
COST OR NRV
WHICH EVER IS
LESS
Classification of inventories [Axis] Other inventories [Member]
Other inventories,
others [Member]
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Inventories 354,09,48,683 45,44,66,160 62,11,45,346 354,09,48,683
Mode of valuation
Refer to child
member
Refer to child
member
Refer to child member COST OR NRV
Nature of other inventories
Refer to child
member
Refer to child
member
Construction
material (includes
stores, spares and
consumables)
Classification of inventories [Axis] Other inventories, others [Member]
01/04/2015
to
31/03/2016
31/03/2015
Inventories 45,44,66,160 62,11,45,346
Mode of valuation
COST OR NRV
WHICH EVER IS
LESS
COST OR NRV
WHICH EVER IS
LESS
Nature of other inventories
Construction
material (includes
stores, spares and
consumables)
Construction material
(includes stores,
spares and
consumables)

151
Other current assets others [Table] ..(1)
Other current assets others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 117,01,54,718 71,16,96,584 36,93,09,886 24,51,18,130
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others
Advance for
expenses/material
Advance for
expenses/material
Advance for
expenses/material
Service Work in
Progress
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Other current assets, others 32,27,00,956 0 135,50,43,116 65,12,98,436
Service Work in
Progress
Service Work in
Progress
Advances Against
Land / Property /
Project
Advances Against
Land / Property /
Project
Other current assets, others 32,27,00,956 0 135,50,43,116 65,12,98,436
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Advances Against
Land / Property /
Project
Balances with
Government
Authorities
Balances with
Government
Authorities
Balances with
Government
Authorities

152
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other current assets, others 14,08,430 18,93,513 12,75,659 3,94,55,440
Loans & Advances
to Employees
Loans & Advances
to Employees
Loans & Advances to
Employees
Prepaid Expenses
Other current assets, others 14,08,430 18,93,513 12,75,659 3,94,55,440
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Description of other current assets others Prepaid Expenses Prepaid Expenses
Mobilisation
advance
Mobilisation advance
Other current assets others [Axis] 7
31/03/2015
Other current assets, others 1,91,97,384
Mobilisation
advance
Other current assets, others 1,91,97,384

153
Details of loans [Table] ..(1)
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Classification of assets based on security [Member]
Unsecured
considered good
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1,039,22,25,878 734,26,56,016 23,50,52,679 1,039,22,25,878
Allowance for bad and doubtful loans 0 0 0 0
Total loans 1,039,22,25,878 734,26,56,016 23,50,52,679 1,039,22,25,878
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
officers or others
0 0 0 0
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
is partner
0 0 0 0
Loans due by private companies in
which any director is director
0 0 0 0
which any director is member
0 0 0 0
Total loans due by firms or
is partner or director
0 0 0 0
Classification of loans [Axis] Loans [Member] Loans to related parties [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
[Abstract]
Loans , gross 734,26,56,016 23,50,52,679 1,011,71,87,968 708,85,05,376
Total loans 734,26,56,016 23,50,52,679 1,011,71,87,968 708,85,05,376
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

154
Classification of loans [Axis]
Loans given other related parties
[Member]
Loans given employees [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans , gross 1,011,71,87,968 708,85,05,376 13,77,258 13,38,942
Total loans 1,011,71,87,968 708,85,05,376 13,77,258 13,38,942
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

155
Loans given
employees
[Member]
Other loans [Member]
Classification of assets based on security [Axis]
Unsecured
considered good
[Member]
Unsecured considered good [Member]
31/03/2015 31/03/2017 31/03/2016 31/03/2015
[Abstract]
Loans , gross 13,68,462 27,36,60,652 25,28,11,698 23,36,84,217
Total loans 13,68,462 27,36,60,652 25,28,11,698 23,36,84,217
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

156
Classification of loans [Axis] Intercorporate deposits [Member]
Other loans, others
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Unsecured
considered good
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
[Abstract]
Loans , gross 25,25,03,998 23,16,55,044 21,25,27,563 2,11,56,654
Total loans 25,25,03,998 23,16,55,044 21,25,27,563 2,11,56,654
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

157
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Other loans, others [Member] Loans [Member]
Classification of assets based on security
[Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
[Abstract]
Loans , gross 2,11,56,654 2,11,56,654 2,265,40,12,855 2,410,07,12,306
Total loans 2,11,56,654 2,11,56,654 2,265,40,12,855 2,410,07,12,306
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

158
Classification of loans [Axis] Loans [Member]
Classification of
assets based on
security [Member]
31/03/2015 31/03/2017 31/03/2016 31/03/2015
[Abstract]
Loans , gross 122,16,02,110 2,265,40,12,855 2,410,07,12,306 122,16,02,110
Total loans 122,16,02,110 2,265,40,12,855 2,410,07,12,306 122,16,02,110
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

159
Classification of loans [Axis] Loans to related parties [Member]
Loans given other
related parties
[Member]
Unsecured
considered good
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
[Abstract]
Loans , gross 2,046,84,74,369 1,697,46,40,715 59,59,00,745 2,046,84,74,369
Total loans 2,046,84,74,369 1,697,46,40,715 59,59,00,745 2,046,84,74,369
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

160
Loans given other related parties
[Member]
Loans given employees [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
[Abstract]
Loans , gross 1,697,46,40,715 59,59,00,745 20,73,376 33,75,585
Total loans 1,697,46,40,715 59,59,00,745 20,73,376 33,75,585
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0

161
Loans given
employees
[Member]
Other loans [Member]
Unsecured
considered good
[Member]
31/03/2015 31/03/2017 31/03/2016 31/03/2015
[Abstract]
Loans , gross 4,82,565 218,34,65,110 712,26,96,006 62,52,18,800
Total loans 4,82,565 218,34,65,110 712,26,96,006 62,52,18,800
officers or others
0 0 0 0
is partner
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Classification of loans [Axis] Other loans, others [Member]
31/03/2017 31/03/2016 31/03/2015
Loans , gross 218,34,65,110 712,26,96,006 62,52,18,800
Allowance for bad and doubtful loans 0 0 0
Total loans 218,34,65,110 712,26,96,006 62,52,18,800
Details of loans due by directors, other officers or others
[Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any
director is partner or director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is
director
0 0 0
Loans due by private companies in which any director is
member
0 0 0
Total loans due by firms or companies in which any
director is partner or director
0 0 0

162
Other non-current assets, others [Table] ..(1)
Other non-current assets, others [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 35,24,54,120 30,90,97,823 13,52,46,340 59,02,57,999
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets,
others
Income Tax Assets
(net)
Income Tax Assets
(net)
Income Tax Assets
(net)
Capital Advances
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
others
Capital Advances Capital Advances
Advance Recovered
in Cash or Kind or
value to be received
Advance Recovered
in Cash or Kind or
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
[Abstract]
Other non-current assets, others 6,75,000 80,33,33,333 80,33,33,333 80,33,33,333
others
Advance Recovered
in Cash or Kind or
Advance against
Development and
property rights
Advance against
Development and
property rights
Advance against
Development and
property rights
Other non-current assets, others 6,75,000 80,33,33,333 80,33,33,333 80,33,33,333

163
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
[Abstract]
Other non-current assets, others 22,27,50,000 22,27,50,000 22,27,50,000 59,450
others
Value to be realised
- Compensation for
cancellation of MOU
for sale of rights in
property (Refer note
below)
Value to be realised
- Compensation for
cancellation of MOU
below)
Value to be realised -
Compensation for
cancellation of MOU
below)
Advances to
employees
Other non-current assets, others 22,27,50,000 22,27,50,000 22,27,50,000 59,450
01/04/2015
to
31/03/2016
31/03/2015
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
[Abstract]
Other non-current assets, others 4,02,955 0 20,000 20,000
others
Advances to
employees
Advances to
employees
Balance with
Government
Authorities
Balance with
Government
Authorities
Other non-current assets, others 4,02,955 0 20,000 20,000
Other non-current assets, others [Axis] 7
31/03/2015
Other non-current assets, others 20,000
Description of other non-current assets, others
Balance with
Government
Authorities
Other non-current assets, others 20,000

164
Subclassification of trade receivables [Table] ..(1)
Classification of assets based on security [Axis] Classification of assets based on security [Member]
Unsecured
considered good
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 27,39,17,424 554,07,32,589 57,19,04,813 27,39,17,424
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 27,39,17,424 554,07,32,589 57,19,04,813 27,39,17,424
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0
Trade receivables due by other officers 0
Total trade receivables due by
directors, other officers or others
0
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
which any director is partner
0
Trade receivables due by private
companies in which any director is
director
0
Trade receivables due by private
companies in which any director is
member
0
Total trade receivables due by
firms or companies in which any
director is partner or director
0
Subclassification of trade receivables [Table] ..(2)
31/03/2016 31/03/2015
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 554,07,32,589 57,19,04,813
Allowance for bad and doubtful debts 0 0
Total trade receivables 554,07,32,589 57,19,04,813
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0

165
01/04/2016
to
31/03/2017
31/03/2016 31/03/2015
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total other non-current financial assets 7,10,72,740 5,19,04,932 6,46,48,746
Advances, non-current 0 0 0
Total other non-current assets (A) 200,06,15,850 (B) 195,97,03,764 (C) 167,16,22,192
Disclosure of inventories Explanatory [TextBlock]
[See below]
Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 2,54,19,554 0 0
Other balances with banks (D) 31,18,03,797 (E) 30,87,04,386 (F) 10,27,42,793
Total balance with banks 33,72,23,351 30,87,04,386 10,27,42,793
Cash on hand 2,38,499 26,34,857 5,867
Total cash and cash equivalents 33,74,61,850 31,13,39,243 10,27,48,660
Bank balance other than cash and cash equivalents (G) 30,13,69,315
69,57,75,587 33,23,75,104
Total cash and bank balances 63,88,31,165 100,71,14,830 43,51,23,764
Total balances held with banks to extent held as
margin money or security against borrowings,
guarantees or other commitments
0 0 0
Bank deposits with more than 12 months maturity 0 0 0
Total other current financial assets 299,18,92,713 383,55,99,080 267,43,61,051
Total other current assets 328,90,61,256 223,28,84,682 119,54,51,657
Total other non-current financial liabilities 142,27,61,582 87,69,78,407 72,22,49,303
Nature of other provisions
PROVISION FOR STANDARS
ASSETS
Advances received (H) 44,10,86,453 (I) 17,05,85,405 (J) 22,74,47,206
Total other non-current liabilities 44,10,86,453 17,05,85,405 22,74,47,206
Current maturities of long-term debt (K) 803,65,32,616 (L) 323,33,73,855 (M) 362,81,07,876
Interest accrued on borrowings 15,78,20,033 194,52,95,958 6,96,48,284
Interest accrued on public deposits 0 0 0
Interest accrued others 0 0 0
Unpaid dividends 0 0 0
Unpaid matured deposits and interest accrued thereon 0 0 0
Unpaid matured debentures and interest accrued thereon 0 0 0
Debentures claimed but not paid 0 0 0
Public deposit payable, current 0 0 0
Total other current financial liabilities 1,152,53,47,358 831,42,91,451 618,62,31,044
Current liabilities portion of share application money pending
allotment
0 0 0
Total other current liabilities 1,049,57,17,349 970,71,87,870 335,59,38,857
Footnotes
(A) Other Non-Current Assets : 1648161730 Income Tax Assets (net) : 352454120
(B) Other Non-Current Assets : 1650605941 Income Tax Assets (net) : 309097823
(C) Other Non-Current Assets : 1536375852Income Tax Assets (net) : 135246340
(D) Balances in Current Accounts : 311106877 Balances in Escrow Accounts : 696920
(E) Balances in Current Accounts : 308007466 Balances in Escrow Accounts : 696920
(F) Balances in Current Accounts : 102045873Balances in Escrow Accounts : 696920
(G) Balances with bank held as margin money or security against the borriwings,gurantee and commitment
(H) Pre Received Lease Income : 441086453
(I) Pre Received Lease Income : 170585405
(J) Pre Received Lease Income : 0
(K) Current maturities of long-term debt (Refer foot note (ii) & (iii) of Note 21) : 8036532616
(L) Current maturities of long-term debt (Refer foot note (ii) & (iii) of Note 21) : 3233373855
(M) Current maturities of long-term debt (Refer foot note (ii) & (iii) of Note 21) : 3628107876

166
Disclosure of inventories Explanatory [Text Block]
Inventories
Inventories are valued at lower of cost or net realisable value.
Cost of inventories have been computed to include all costs of purchases net of refundable taxes, cost of conversion and other costs
incurred in bringing the inventories to their present location and condition.
Costs of construction / development expenditure incurred on the Projects are accumulated under “Construction Work-in-progress” and
the same is valued at cost or net realizable value, whichever is lower.
Construction / development expenditure includes all direct and indirect expenditure incurred on development of land / construction at
site, overheads relating to site management and administration, allocated interest and expenses incidental to the projects undertaken by
the Company.
Stores and Construction Materials are valued at lower of cost or net realisable value. Cost includes cost of purchase net of refundable
taxes and other expenses incurred in bringing them to their respective present location and condition. Cost is determined using Weighted
Average Method of Inventory Valuation.
Net realisable value has been determined based on prevailing average sale price of the property sold during the year as reduced by future
estimated cost of completion to be incurred as determined by the management with the help of technical experts based on percentage of
completion and as per the guidance note issued by ICAI in respect of 'Revised Guidance Note Accounting of Real Estate Transactions
(2016).

167
[401200] Notes - Additional disclosures on balance sheet
Details of specified bank Notes held and transacted during the period from 8 November 2016 to 30 December 2016 [Table] ..(1)
Total of SBN and other notification notes [Axis]
Total of SBN and
other notification
notes [Member]
Specified bank
Notes [Member]
Other
denomination notes
[ Member]
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
01/04/2016
to
31/03/2017
Additional balance sheet notes [Abstract]
Details of specified bank Notes held and transacted during
the period from 8 November 2016 to 30 December 2016 [Abstract]
Details of specified bank Notes held and transacted during
the period from 8 November2016 to 30 December2016
[LineItems]
Closing balance as at 8 November 2016 1,86,000 71,000 1,15,000
Changes in cash in hand during the period from 8 November
2016 to 30 December 2016 [Abstract]
Permitted receipted 50,000 50,000
Permitted payments 60,813 60,813
Amount deposited in banks 71,000 71,000
Total changes in cash in hand during the period from 8
november 2016 to 30 december 2016
-81,813 -71,000 -10,813
Closing balance as at 30 December 2016 1,04,187 0 1,04,187

168
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of additional balance sheet notes explanatory [TextBlock]
[See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0 0
Total contingent liabilities and commitments 0 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0 0
Amount of per share dividend proposed to be distributed to equity
shareholders
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0 0
Deposits matured and claimed but not paid during period 0 0 0
Deposits matured and claimed but not paid 0 0 0
Deposits matured but not claimed 0 0 0
Interest on deposits accrued and due but not paid 0 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0 0
Share application money paid during year 0 0 0
Amount of share application money received back during year 0 0 0
Amount of share application money repaid returned back during year 0 0 0
Number of person share application money paid during year [pure] 0 [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0 [pure] 0
Share application money received and due for refund 0 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules,
2014
No No
Details regarding cost audit [Abstract]
Whether audit of cost records of company has been mandated
under Rules specified in SN 1
No No
Net worth of company 0 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0 0
Unclaimed matured debentures 0 0 0
Unclaimed matured deposits 0 0 0
Interest unclaimed amount 0 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0 0
Investment in government companies 0 0 0
Amount due for transfer to investor education and protection fund
(IEPF)
0 0 0
Gross value of transactions with related parties 0 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0 [pure] 0
Details of specified bank Notes held and transacted during the
period from 8 November 2016 to 30 December 2016 [Abstract]
Changes in cash in hand during the period from 8 November
2016 to 30 December 2016 [Abstract]

169
Disclosure of additional balance sheet notes explanatory [Text Block]
The Consolidated
results for the
years ended 31st
March 2017 are
not comparable
with that of the
previous years,
due to following:
a. Investment in
Subsidiaries,
Step-down
Subsidiaries and
Joint Ventures :
Sr. No.
Name of the
Subsidiary /
Joint Venture
With effect
from
1
Adani
Ventures LLP
24.03.2017
2
Adani
Infracon LLP
24.03.2017
3
Adani Trading
Services LLP
15.03.2017
4
Adani
Finserve
Private
Limited.
18.05.2016
5
Adani Capital
Private
Limited
12.09.2016
6
Adani
Renewable
Energy Park
Limited.
27.03.2017
Adani Green
Technology
Limited
(Formerly
known as

170
7
Sami Solar
27.03.2017

171
(Gujarat)
Private
Limited)
b. Divestment/
Liquidation of
Step-down
Subsidiary and
Associate :
Sr. No.
Name of the
Subsidiary /
Joint Venture
With effect
from
1
Adani
Infrastructure
Private
Limited
20.3.2017
(Amount in
Rs.)
Pursuant to the
Ind AS - 33
''Earnings per
Share'', the
disclosure is as
under:
For the Year Ended
For the Year
Ended
a. Basic and
Diluted EPS
31st March, 2017
31st March,
2016
Profit attributable
to equity
shareholders
(35,00,91,116)
(3,03,73,642)
Weighted average
number of equity
shares
outstanding
during the year
1,29,01,785
1,29,01,785
Weighted average
number of equity
shares
outstanding
during the year
for Diluted EPS
1,29,01,785
1,29,01,785
Nominal Value of
equity share
10.00
10.00

172
Basic & Diluted (27.14) (2.35)
There are no
Micro, Small and
Medium
Enterprises, as
defined in the
Micro, Small and
Medium
Enterprises
Development
Act, 2006 to
whom the
Company owes
dues on account
of principle
amount together
with interest and
accordingly no
additional
disclosures have
been made. The
above
information
regarding Micro,
Small and
Medium
Enterprises have
been determined
to the extent such
parties have been
identified on the
basis of
information
available with the
Company. This
has been relied
upon by the
auditors.
Disclosure of
Specified Bank
Notes
Schedule III of
the Companies
Act, 2013 was
amended by
Ministry of
Corporate Affairs
vide notification
G.S.R. 308 dated
30th March,
2017. The said
amendment
require the
Company to
disclose the
details of
Specified Bank

173
Notes ("SBN")
held and
transacted during
the period from
November 08,
2016 to
December 30,
2016. For the
purpose of this
clause, the term
'Specific Bank
Notes' shall have
the same meaning
provided in the
notification of the
Government of
India, In the
Ministry of
Finance,
Department of
Economics
Affairs number

174
S.O. 3407(E),
dated the 8th
November 2016.
(Amount in
Rs.)
Particulars SBNs Other Denominations Total
Closing cash on
hand as on
November 08,
2016
71,000 1,15,000 1,86,000
(+)
Permitted
receipts - 50,000 50,000
(-)
Permitted
payments - (60,813) (60,813)
(-)
Amount
deposited in
banks
(71,000) - (71,000)
Closing cash on
hand as on
November 30,
2016
1,42,000 1,04,187 2,46,187
Disclosures as
required under
the Guidance
Note on
Accounting for
Real Estate
Transactions :
(Amount in
Rs.)
Particulars
As at / For the Year ended 31st
March, 2017
As at / For the
Year ended 31st
March, 2016
As at / For the
Year ended
31st March,
2015
Project Revenues
recognized during
the period
5,89,30,64,652
5,95,17,73,073 7,29,39,05,981
Advances
received from
customers
5,29,86,05,476
5,11,73,76,042 2,87,34,98,893

175
Aggregate
amount of costs
incurred till
balance sheet
date and
recognized in
Statement of
Profit and Loss
21,23,45,12,298
15,42,94,10,608 9,81,59,05,818
Recognised
profits up to
balance sheet
date
3,30,94,94,033
2,47,36,14,932 2,01,32,79,681
Disclosures as
required under
Indian
Accounting
Standard 11 -
Construction
Contracts:
(Amount in
Rs.)
Particulars
As at / For the
Year ended 31st
March, 2017
As at / For the
Year ended
31st March,
2016
Contract
Revenue
Recognized
during the period
29,26,28,441 -
Total cost
incurred till
balance sheet
date and
recognized in
Statement of
Profit & Loss
21,78,52,769 -
Advance
received from
Customers
- -
Amount retained,
if any - -
Other Important

176
notes
SEMPL:
The Company
vide
Development
Agreement ( "the
Agreement" )
dated 9th March,
2011 entered into
with Adani
Township and
Real Estate
Company Private
Limited
(ATRECO), has
granted
Development
rights in respect
of Phase-I land
owned by the
company ( as
defined in
agreement ) for
development and
subsequent
commercial
exploitation of
the proposed
township.
Pursuant to the
agreement, the
company has
permitted
ATRECO to
develop and
market the units
to be constructed
on Phase-I land
owned by the
company.
Swayam:
As mentioned in
Note 1 to
Financial
statement, Land
Located in
Borivalli site is
under title dispute
and case is
pending at
Supreme Court of
India.
Management has
already begun the
process for
getting required
approvals to get

177
the title clear for
Borivali land.
Management is
hopeful for the
requisite approval
and is in planning
to start
preliminary work
of removing
shrubs, establish
small site office
cabin and to
apply utility
connections and
is in planning to
appoint architect

178
and structural
consultants for
Borivali project.
Parallel market
Research has also
started to gather
information about
the prospective
customers,
competitors,
current markets,
trends, and
related other
information for
the surrounding
area.
Management
does not want
curtail project
plan at Borivalli
Location.
Considering fact
of the case,
Management has
capitalised
Borrowing cost to
the Investment
property as per
Ind AS 23 -
Borrowing Cost.
Swayam:
As per BIFR
Order of Khatau
Makanji Spinning
and Weaving
LLP Private
Limited dated
22-02-2007, LLP
had acquired land
(through
erstwhile
company) and
disclosed as
Investment
Property (Land)
as stated below:
(Amount in
Rs.)
Sr. No. Particulars As at As at
31st March,
2017
31st March,
2016
Liability taken

179
1 over & Shares
issued as per
BIFR Order
1,50,64,33,044 1,50,64,33,044
2
Additional
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2007
51,28,613 51,28,613
3
Additional
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2008
7,44,29,293 7,44,29,293
4
Additional
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2009
10,00,54,938 10,00,54,938
5
Additional
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2010
10,91,73,296 10,91,73,296
6
Additional
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2011
10,25,06,624 10,25,06,624
7
Subsequent
expenses up-to
March 31,
2012
9,13,05,937 9,13,05,937
9
Subsequent
expenses up-to
July 24, 2012
80,21,185 80,21,185
10
Subsequent
expenses up-to
March 31,
2013
12,35,62,845 12,35,62,845
Additional

180
11
payment on
settlement of
Statutory
Liabilities
up-to March
31, 2014
13,40,34,689 13,40,34,689
12
Additional
Cost incurred
up to March
2015
32,06,15,357 32,06,15,357
13
Additional
Cost incurred
up to March
2016
29,81,08,071 29,81,08,071
14
Additional
Cost incurred
up to March
2017
50,68,92,967 -
Total Cost of
Investment
(Land)
3,38,02,66,859 2,87,33,73,892
Status of Land
In terms of a
scheme of
rehabilitation
sanctioned
vide an order
dated February
22, 2007, by
the Board for
Industrial and
Financial
Reconstruction
relating to
erstwhile
Khatau
Makanji
Spinning and
Weaving LLP
Limited
(Khatau),
Mumbai
Textile units
of Khatau
consisting of
land situated
at Borivali and
Byculla are
shown as an
investment to
the extent not
transferred to
inventory. The
management

181
intended to
hold
investment
portion of land
for capital
appreciation
and to earn
income from
letting out
developed
space. Original
conveyance
deeds of
Byculla land
are in
possession of
Columbia
Chrome
(India) Pvt Ltd
and are
submitted to

182
HDFC bank
against project
loan.
A Special
Leave Petition
(SLP) has
been filed
before the
Hon' Supreme
Court of India
challenging
the Order of
Bombay High
Court in Civil
Writ Petition
no.8816 of
2012, against
Mumbai
Metropolitan
Region
Development
Authority
(MMRDA)
and Others
relating to the
land at
Borivali. The
Honble
Supreme
Court has
admitted the
SLP and has
converted the
SLP into Civil
Appeal. And
the same is
now pending
with Supreme
Court. This
relates to the
title of the
Borivali land.
ALPL
The company has
accumulated loss
of Rs. 21,83,586/-
(PY : Rs.
2,17,256/-), and
the net worth of
the company is
negative as at
balance sheet
date, the
financial
statements
disclose a net
position of
current liabilities
of Rs.
18,83,586/-(Net
current assets in
PY : Rs.
82,744/-).

183
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially,
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the
company will
continue as a
going concern.
ALOKA
The company has
accumulated loss
of Rs. 3101630/-
(PY : Rs.
2000579/-), and
the net worth of
the company is
negative, the
financial
statements
disclose a net
position of net
current liabilities
of Rs. 2801630/-
(PY : Rs.
1700579/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially.
Further the
company is able
to meet it's
obligation in the
normal course of
business
complimented by

184
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the

185
company will
continue as a
going concern.
Jade
The company has
accumulated loss
of Rs. 3,36,985/-
(PY : Rs.
3,02,112/-),
however the net
worth of the
company is
positive and as
at balance sheet
date, the
financial
statements
disclose a net
position of
current assets of
Rs. 1,63,015/-
(PY : Rs.
1,97,888/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially,
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the
company will
continue as a
going concern.
Jade Agriculture
The company has
accumulated loss
of Rs. 3,75,251/-
(PY : Rs.
3,40,016/-),

186
however the net
worth of the
company is
positive and as
at balance sheet
date, the
financial
statements
disclose a net
position of

187
current assets of
Rs. 124749/- (PY
: Rs. 159984/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially,
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the
company will
continue as a
going concern.
Jade Food
The company has
accumulated loss
of Rs. 3,46,979/-
(PY : Rs.
3,11,744/-),
however the net
worth of the
company is
positive and
additionally as at
balance sheet
date, the
financial
statements
disclose a net
position of net
current liabilities
of Rs. 10,68,413/-
(PY : Rs.
10,33,178/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory

188
commercially,
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the

189
company will
continue as a
going concern.
LLPL
The company has
accumulated loss
of
Rs.2,92,932/-(PY
: Rs. 2,58,330/-),
however the net
worth of the
company is
positive and as at
balance sheet
date, the financial
statements
disclose a net
position of net
current assets of
Rs. 7,068/- (PY:
Rs. 41,670/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially.
Further the
company is able
to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the
company will
continue as a
going concern.
Rajendra
The company has
accumulated loss
of Rs. 3,48,695/-
(PY : Rs.
3,11,571/-),
however the net
worth of the
company is
positive at

190
balance sheet
date, the financial
statements
disclose a net
position of net
current liabilities
of Rs.

191
87,12,18,695/-
(PY : Rs.
8,71,81,571-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially,
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the
company will
continue as a
going concern.
Rohit
The company has
accumulated loss
of Rs. 3,07,367/-
(PY : Rs.
2,72,131/-),
however the net
worth of the
company is
positive as at
balance sheet
date, the
financial
statements
disclose a net
position of
current liabilities
of Rs.
95,41,275/- (PY :
Rs. 95,06,039/-).
The company has
no intention of
the curtailing the
scale of
operations and
expecting to start
project on the
inventory
commercially,

192
once the market
condition will be
favorable. Further
the company is
able to meet it's
obligation in the
normal course of
business
complimented by
financial and
operational
support by it's
holding company.
Accordingly,
these financial
statements have
been prepared
assuming that the

193
company will
continue as a
going concern.
SUSPL
As per MOU
dated 01.04.2016
entered into with
Adani Township
& Real Estate
Company Private
Limited (
"ATRECO" ), the
company has
acted as an agent
for the purpose of
maintenance of "
Shantigram
Township ". As
per MOU, the
company has
recovered all of
its expenses from
ATRECO and
accordingly all
expenses incurred
were directly
debited to
ATRECO's
Account.
The details of
foreign currency
exposures not
hedged by
derivative
instruments are as
under:
As at 31st
March, 2017
As at 31st
March, 2016
As at 1st April,
2015
( In Rs. ) (in $ ) ( In Rs. ) (in $ ) ( In Rs. ) (in $ )
Loans under
letter of credit - - 64,20,00,000
9690000
- -
Import Creditors
10,24,741 15,801.71 31,00,000
50000
- -
Interest accrued
but not due - - 3,00,000
-
- -

194
10,24,741 15,801.71 64,54,00,000
9740000
- -
Revenue from
Engineering,
Procurement &
Construction
(EPC) contract
(service
component),
which is a fixed
price contract, is
recognized using
the percentage of
completion
method.
Percentage of
completion is
determined as a
proportion of cost
of work
performed-to-date
to the total
estimated
contract cost.
Disclosures
pursuant to Ind
Accounting
Standard - 11
Construction
Contracts are as
under:
As at 31st
March, 2017
As at 31st
March, 2016
(Amount in Rs.)
(Amount in
Rs.)
Contract revenue
recognised for the
financial year
1,19,37,65,264 1,80,12,34,736
Aggregate
amount of
contract costs
incurred and
recognised profits
(less recognised
losses) as at end
of the financial
year for all
contracts in
progress as at that
date
2,99,50,00,000 1,80,12,34,736

195
Amount of
customer
advances
outstanding for
contracts in
progress as at end
of the financial
year
- 7,95,54,702
Retention
amounts due
from customers
for contracts in
progress as at end
of the financial
year
- 9,00,61,737
Approval of
financial
statements
The financial
statements were
approved for
issue by the board
of directors on
5th September,
2017
Previous year's
figures have been
regrouped
wherever
necessary to
correspond with
the current year's
disclosure.
Additional
Information of Net
Assets and share in

196
Profit or Loss
contributed by
various entities as
required under

197
Schedule-III of
The Companies
Act,2013.
PARTICULARS
Net Assets
i.e. Total
Assets
Minus Total
Liabilities
Share in
Profit &
Loss
As % of
Consolidated
Net Assets
Amount in Rs.
As % of
Consolidated
Net Assets
Amount in
Rs.
As % of
Consolidated
Net Assets
Amount in
Rs.
As % of
Consolidated
Net Assets
Amount in Rs.
Adani Properties
Private Limited
39%
34,19,17,46,012
-11.50%
4,67,34,572 - -
-11.73% 4,67,34,572
-
INDIAN
SUBSIDIARIES -
Delhi Golf Link
Properties Pvt.
Ltd.(DGLPPL)
0%
96,13,667
-2.27%
92,33,284 - -
-2.32%
92,33,284
Mah-Hill
Properties Pvt.
Ltd.(MHPPL)
0%
4,44,99,191
9.14%
(3,71,50,119) - -
9.32%
(3,71,50,119)
Shankheshwar
Infracon Pvt.
Ltd.(SIPL)
0%
4,45,55,467
2.52%
(1,02,48,800) - -
2.57%
(1,02,48,800)
Shankheshwar
Buildwell Pvt.
Ltd.(SBPL)
1%
50,69,82,344
32.98%
(13,40,32,921) - -
33.64%
(13,40,32,921)
Adani Ventures
LLP (AVL)
0%
5,99,999
0.00%
- - - - -
Adani Infracon
LLP(AIL)
0%
99,999
0.00%
- - - - -
Adani Trading
Services
LLP(ATSL)
6%
5,30,61,81,703
0.00%
(11,915) - -
0.00%
(11,915)
Adani Finserve
Private
Limited(AFPL)
0%
(2,65,12,627)
6.65%
(2,70,12,627) - -
6.78%
(2,70,12,627)

198
Adani Capital
Private
Limited(ACPL)
1%
52,39,88,390
10.09%
(4,10,11,410) - -
10.29%
(4,10,11,410)
Adani Infra India
Limited(AIIL)
1%
49,29,56,032
-14.42%
5,86,09,514
75.87%
61,03,080
-16.24%
6,47,12,594
Adani Tradeline
LLP(ATLL)
(Earlier known as
Parsa Kente Rail
Infra LLP (Parsa
Kente Rail Pvt.
Ltd. Converted in
LLP)
57%
50,53,37,01,961
0.01%
(27,650) - -
0.01%
(27,650)
Adani
Infrastructure &
Developers Pvt.
Ltd.(AIDPL)
0%
24,13,28,820
35.86%
(14,57,40,843)
7.73%
6,21,494
36.43%
(14,51,19,349)
Shantigram Estate
Management Pvt
Ltd(SEMPL)
0%
36,60,63,891
-26.54%
10,78,72,046 - -
-27.08%
10,78,72,046
Adani Land
Developers Pvt.
Ltd. (ALDPL)
11%
9,81,97,76,578
-0.16%
6,45,214 - -
-0.16%
6,45,214
Adani Township
and Real Estate
Co. Pvt Ltd.
(ATRECPL)
0%
25,20,24,710
-2.62%
1,06,65,842
16.54%
13,30,714
-3.01%
1,19,96,556
Adani Estates
Pvt.Ltd.(AEPL)
7%
6,40,36,52,416
-12.09%
4,91,24,320
1.83%
1,46,927
-12.37%
4,92,71,247
Swayam Realtors
And Traders
LLP(SRTL)
0%
(14,22,11,131)
11.90%
(4,83,78,050)
-8.92%
(7,17,577)
12.32%
(4,90,95,627)
Adani Mundra Sez
Infrastructure
Pvt.Ltd(AMSIPL).
0%
23,20,40,021
4.44%
(1,80,26,340) - -
4.52%
(1,80,26,340)
Adani Developers
Pvt. Ltd. (ADPL)
0%
(12,54,26,841)
13.76%
(5,59,12,317)
1.13%
90,671
14.01%
(5,58,21,646)
Adani Landscapes
Pvt.Ltd.(ALPL)
0%
(16,83,586)
0.48%
(19,66,330) - -
0.49%
(19,66,330)
Aaloka Real Estate
Pvt. Ltd. (AREPL)
0%
(26,01,630)
0.27%
(11,05,051) - -
0.28%
(11,05,051)

199
Jade Agri Land
Pvt.Ltd. (JALPL)
0%
1,63,015
0.01%
(34,873) - -
0.01%
(34,873)
Jade Agricultural
Company Pvt.Ltd.
(JACPL)
0%
1,24,749
0.01%
(35,235) - -
0.01%
(35,235)
Jade Food &
Properties
Pvt.Ltd. (JFPPL)
0%
1,53,021
0.01%
(35,236) - -
0.01%
(35,236)
Lushgreen
Landscapes
Pvt.Ltd. (LLPL)
0%
2,07,068
0.01%
(34,602) - -
0.01%
(34,602)
Rajendra Agri
Trade Pvt
Ltd(RjATPL)
0%
1,51,305
0.01%
(37,124) - -
0.01%
(37,124)
Rohit Agri Trade
Pvt Ltd(RoATPL)
0%
1,92,633
0.01%
(35,236) - -
0.01%
(35,236)
Columbia Chrome
(India) Pvt
Ltd(CCIPL)
0%
11,04,582
0.05%
(2,00,386) - -
0.05%
(2,00,386)
Shantigram Utility
Services Private
Limited(SUSPL)
0%
1,27,211
0.10%
(4,08,673) - -
0.10%
(4,08,673)
Belvedere Golf
and Country Club
Private Limited.
(BGCCPL)
0%
1,34,99,546
0.23%
(9,33,494)
1.65%
1,32,952
0.20%
(8,00,542)
Supersonic
Infrastructure
Private
Limited(SIPL)
0%
24,782
0.00%
(18,801) - -
0.00%
(18,801)
Lovisha
Infrastructure Pvt
Ltd(LIPL)
0%
(2,18,436)
0.00%
(10,857)
-1.33%
(1,06,682)
0.03%
(1,17,539)
Alton Buildtech
India Private
Limited
0%
2,86,22,160
-2.05%
83,44,173 - -
-2.09%
83,44,173
SUYOJAN
REALTY
PRIVATE
LIMITED
0%
(4,29,55,408)
-0.02%
73,681 - -
-0.02%
73,681
MISTRY

200
CONSTRUCTION
COMPANY
PRIVATE
LIMITED
2% 1,55,56,68,449 2.05% (83,42,912) - - 2.09% (83,42,912)
Total Subsidiaries
- A 1,10,22,82,40,063 (23,94,49,157) 76,01,579 (23,18,47,578)
Adani Estates
Pvt.Ltd.(AEPL)
0%
7,72,70,626
-3.02%
(1,22,81,080)
0.46%
36,732
-3.09%
(1,23,17,812)
Swayam Realtors
And Traders
LLP(SRTL)
0%
(5,68,84,452)
4.76%
1,93,51,230
3.57%
2,87,031
4.79%
1,90,64,199
Columbia Chrome
(India) Pvt
Ltd(CCIPL)
0%
4,41,833
0.02%
80,154 - -
0.02%
80,154
MISTRY
CONSTRUCTION
COMPANY
PRIVATE
LIMITED
-1%
70,00,50,803
0.92%
37,54,310 - -
0.94%
37,54,310
Adani Ventures
LLP (AVL)
0%
1
0.00%
- - - - -
Adani Infracon
LLP(AIL)
0%
1
0.00%
- - - - -
Adani Trading
Services
LLP(ATSL)
0%
(118)
0.00%
119 - -
0.00%
119
Adani Tradeline
LLP(ATLL)
(Earlier known as
Parsa Kente Rail
Infra LLP (Parsa
Kente Rail Pvt.
Ltd. Converted in
LLP)
-28%
24,76,15,13,961
0.00%
13,549 - -
0.00%
13,549
Less: Non
Controlling
Interest - B
(25,48,23,92,654) (1,09,18,282) 3,23,763
-1,05,94,520
Associates
Adani M2k
LLP(AM2K)
-1%
(1,09,34,32,793)
-5.52%
2,24,24,439
1.47%
(1,18,585)
-5.66%
2,25,43,024

201
Anant raj Property
Management
Private Limited
0%
2,45,055
0.00%
(11,437) -
- 0.00%
11,437
Achaleshwar
Infrastructure
Private
Limited(AIPL)
0%
(3,035)
0.01%
(25,143) -
- 0.01%
25,143
Valuable
Properties Private
Limited
0%
6,93,11,199
2.85%
(1,15,69,105) -
- 2.90%
1,15,69,105
Brahma Realty
Private Limited
0%
(8,30,890)
0.16%
(6,45,756) -
- 0.16%
6,45,756
Blue Shine
Marketing Private
Limited
0%
4,719
0.00%
(16,918) -
- 0.00%
16,918
One Star
Construction
Private Limited
0%
(2,63,321)
-0.01%
(41,903) -
- -0.01%
(41,903)
Moment Realtors
Private Limited
0%
(2,88,513)
-0.01%
(57,834) -
- -0.01%
(57,834)
CCC Realty
Private Limited
0%
(2,18,36,933)
-5.32%
(2,16,32,727) -
- -5.43%
(2,16,32,727)
Blue Star Realty
Private Limited
0%
(2,10,003)
0.00%
9,517 -
- 0.00%
9,517
Vishakaha Solar
Films Private
Limited(VSFPL)
0%
5,13,13,736
0.65%
26,32,265 -
- 0.66%
26,32,265
Vishakaha
Renewables
Private
Limited(VRPL)
0%
4,04,97,042
2.32%
94,48,958 -
- 2.37%
94,48,958
Vishakaha Metal
Private
Limited(VMPL)
0%
49,808
0.00%
4,193 -
- 0.00%
4,193
Adani Green
Energy
Limited(AGEL)
6%
5,01,02,50,510
43.20%
17,55,71,876 -
- 44.07%
17,55,71,876
Adani Renewable
Energy Park
Limited(AGEPL)
0%
(6,78,19,920)
0.06%
2,45,000 -
- 0.06%
2,45,000

202
Adani Green
Technology
Limited
(Formerly known
as Sami Solar
(Gujarat) Private
Limited)
0%
(32,955)
0.01%
49,000 -
- 0.01% -49,000
Total Associates -
c 4,03,21,51,244
-15,60,72,262
1,18,585
-15,59,53,677
TOTAL 100%
88,77,79,98,654
100.00%
(40,64,39,701)
100%
80,43,926
100%
(39,83,95,775)
(a) Less:
Adjustment arising
out of
Consolidations - D
14,56,46,03,465 (4,87,47,006) 4,42,348
Consolidated Net
Assets/Profit after
tax
74,21,33,95,189 (35,76,92,695) 76,01,579 (35,00,91,116)
Though other Indian Accounting Standards also apply to the company by virtue of The Companies (Indian Accounting Standards), Rules, 2015
notified under section 133 of The Companies Act, 2013 (the Act) an other relevant provisions of the Act, no disclosure for the same is being
made as the company has not done any transaction to which the said Accounting Standards apply.
[611800] Notes - Revenue
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of revenue [TextBlock]
[See below]
As provided

203
Disclosure of revenue [Text Block]
Revenue Recognition
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be
reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration
received or receivable, taking into account contractually defined terms of payment and excluding taxes or duties collected on behalf
of the government.
Real Estate Projects
Revenue from real estate projects is recognised as per the percentage of completion method in accordance with the Guidance Note
on Accounting for Real Estate Transactions (Revised 2016) issued by the Institute of Chartered Accountants of India (“the
Guidance Note”). The Percentage of Completion Method is applied when the stage of completion of the project reaches a
reasonable level of development. The threshold for ‘reasonable level of development’ is considered to have been met when the
criteria specified in the Guidance Note are satisfied, i.e., when:
(a) All critical approvals necessary for commencement of the project have been obtained.
(b) The expenditure incurred on construction and development costs is not less than 25 % of the estimated construction and
development costs excluding land cost.
(c) At least 25% of the saleable project area is secured by contracts or agreements with buyers.
(d) At least 10 % of the total revenue as per the agreements of sale or any other legally enforceable documents are realised at the
reporting date in respect of each of the contracts and it is reasonable to expect that the parties to such contracts will comply with the
payment terms as defined in the contracts.
The stage of completion is determined as a proportion that project costs incurred for work performed up to the balance sheet date
bear to the estimated total costs. Profit (project revenue less project cost) is recognised when the outcome of the project can be
estimated reliably. When it is probable that the total cost will exceed the total project revenue, the expected loss is recognised
immediately. For this purpose total project costs are ascertained on the basis of project costs incurred and cost to completion of
projects which is arrived at by the management based on current technical data, forecast and estimate of net expenditure to be
incurred in future.
The percentage of completion method is applied on a cumulative basis in each accounting period to the current estimates of project
revenue and project costs. The effect of a change in the estimate of project revenue or project costs, or the effect of a change in the
estimate of the outcome of a project, is accounted for as a change in accounting estimate the effect of which are recognised in the
Statement of Profit and Loss in the period in which the change is made and in subsequent periods.
Determination of revenues under the percentage of completion method necessarily involves making estimates, some of which are of
technical nature, concerning, where relevant, the percentage of completion, costs to completion, the expected revenue from the
project/activity and the foreseeable losses to completion.
Revenue from sale of land is recognised when:
(a) Significant risks and rewards of ownership have been transferred to the buyer;
(b) Possession of the land has been handed over to the buyer;
(c) No significant uncertainty exists regarding the amount of consideration that will be derived from the sale; and
(d) It is not unreasonable to expect ultimate collection of revenue from buyer.

204
Sale of Goods
Revenue from the sale of goods is recognised when the significant risk and rewards of ownership of the goods have been passed to
the customer.
Rendering of Services
Income from services rendered is recognised as per the terms of agreement, as and when the work is performed.Rental Income is
recognized on time proportionate basis over the period of the rent.
Interest Income
Interest income is recognised on time proportion/ EIR basisi basis taking into account the amount outstanding and the interest rate
applicable.
Income from Investments
Profit/Loss on sale of investment are recognized on the contract date.
Dividends
Revenue is recognised when the Company’s right to receive the dividend established, which is generally when shareholders
approve the dividend.
Construction Contracts
Revenue from Construction Contracts, which is fixed price contract, is recognized using the percentage of completion method.
Percentage of completion is determined as a proportion of cost of work performed upto date to the total estimated contract cost.

205
[612400] Notes - Service concession arrangements
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
[612600] Notes - Employee benefits
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of employee benefits [TextBlock]
[See below]
As provided
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans No No

206
Disclosure of employee benefits [Text Block]
v) Defined benefit plans:
The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the
determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its
long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each
reporting date.
Retirement and other employee benefits
Employee benefits includes salary, wages, gratuity, compensated absences and contribution to provident fund.
Short Term Employees Benefits
A liability is recognised for benefits accruing to employees in respect of salaries and wages at the undiscounted amount of
the benefits expected to be paid wholly within twelve months of rendering the service.
Defined Contribution Plans
Retirement benefits in the form of provident fund is a defined contribution scheme. The Company has no obligation, other
than the contribution payable to the provident fund. The Company recognises contribution payable to the provident fund
scheme as an expense, when an employee renders the related service.
Defined Benefit Plans
The Company operates a defined benefit gratuity plan, which requires contributions to be made to a separately
administered fund. The cost of providing benefits under the defined benefit plan is determined based on actuarial valuation,
carried out by an independent actuary, using the projected unit credit method. The liability for gratuity is funded annually
to a gratuity fund maintained with the Life Insurance Corporation of India.
Re-measurements, comprising of actuarial gains and losses, the effect of the asset ceiling (excluding net interest) and the
return on plan assets (excluding net interest), are recognised immediately in the balance sheet with a corresponding debit or
credit to retained earnings through OCI in the period in which they occur. Re-measurements are not reclassified to profit or
loss in subsequent periods.
The Group recognises the following changes in the net defined benefit obligation as an expense in the consolidated
statement of profit and loss in the line item "Employee Benefits Expense":
> Service cost including current service cost, past service cost, gains and losses on curtailments and non-routine
settlements; and
> Net interest expense or income

207
For the purpose of presentation of defined benefit plans, the allocation between short term and long term provisions has
been made as determined by an actuary.
Other Long Term Employee Benefits
Other long term employee benefits comprise of compensated absences / leaves. The actuarial valuation is done as per
projected unit credit method. Remeasurements as a result of experience adjustments and changes in actuarial assumptions
are recognised in the Statement of Profit and Loss.
For the purpose of presentation of defined benefit plans and other long term benefits, the allocation between current and
non-current provisions has been made as determined by an actuary.
[612800] Notes - Borrowing costs
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of borrowing costs [TextBlock]
[See below]
Whether any borrowing costs has been capitalised during the year No No

208
Disclosure of borrowing costs [Text Block]
Borrowing Cost:
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that
necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such
time as the assets are substantially ready for their intended use or sale. It includes interest on borrowings, amortisation of ancilliary
costs incurred for borrowings and exchange differences arising from foreign currency borrowings to the extent they are regarded as an
adjustment to the interest cost.
[612200] Notes - Leases
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of leases [TextBlock]
[See below]
Whether company has entered into any lease agreement No No
Whether any operating lease has been converted to financial lease or
vice-versa
No No

209
Disclosure of leases [Text Block]
Leases
A lease is classified at the inception date as a finance lease or an operating lease. Leases are classified as finance leases whenever
the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as
operating leases. The company has identified all its leases as operating leases.
Assets given on operating lease :
Operating lease payments are recognised as an expense in the statement of profit and loss on a straight-line basis over the lease
term.
Assets given on operating lease :
Assets subject to operating leases are included in fixed assets. Rental income from operating leases is recognised in the statement of
profit and loss on a straight-line basis over the lease term. Costs including depreciation are recognised as an expense in the
statement of profit and loss.
[612300] Notes - Transactions involving legal form of lease
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

210
[612900] Notes - Insurance contracts
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
[613100] Notes - Effects of changes in foreign exchange rates
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR
[500100] Notes - Subclassification and notes on income and expenses
Miscellaneous other operating revenues [Table] ..(1)
Miscellaneous other operating revenues [Axis] 1 2
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 180,67,53,673 596,69,87,167 5,90,72,760 11,17,732
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues
[LineItems]
Description of miscellaneous other operating
revenues
EPC Revenue EPC Revenue
Profit From Joint
Venture
Profit From Joint
Venture
Miscellaneous other operating revenues 180,67,53,673 596,69,87,167 5,90,72,760 11,17,732
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Miscellaneous other operating revenues 60,00,00,000 0 0 84,500
[LineItems]
revenues
Other Operating
Income
Other Operating
Income
Dividend Income Dividend Income
Miscellaneous other operating revenues 60,00,00,000 0 0 84,500

211
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Miscellaneous other operating revenues 0 1,88,773 53,98,50,332 7,82,68,290
[LineItems]
revenues
Profit on Derivative Profit on Derivative
PMC & Other
Operating Income
PMC & Other
Operating Income
Miscellaneous other operating revenues 0 1,88,773 53,98,50,332 7,82,68,290
Miscellaneous other operating revenues [Axis] 7
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Miscellaneous other operating revenues 3,89,46,420 -2,57,81,845
Miscellaneous other operating revenues [LineItems]
Description of miscellaneous other operating revenues
Profit/(Loss) on
Security
Profit/(Loss) on
Security
Miscellaneous other operating revenues 3,89,46,420 -2,57,81,845

212
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 384,43,58,304 202,22,21,973
Revenue from sale of services 631,18,92,301 626,35,10,823
Other operating revenues 304,46,23,185 602,08,64,617
Other operating revenues 304,46,23,185 602,08,64,617
Total revenue from operations other than finance company 1,320,08,73,790 1,430,65,97,413
Total revenue from operations 1,320,08,73,790 1,430,65,97,413
Miscellaneous other operating revenues 304,46,23,185 602,08,64,617
Total other operating revenues 304,46,23,185 602,08,64,617
Total other operating revenues 304,46,23,185 602,08,64,617
Miscellaneous other operating revenues 304,46,23,185 602,08,64,617
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 3,38,60,564 2,57,45,130
Interest on other current investments (A) 325,37,18,175 (B) 108,83,98,776
Total interest income on current investments 328,75,78,739 111,41,43,906
Total interest income 328,75,78,739 111,41,43,906
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from others (C) 42,250 (D) 33,41,38,281
Total dividend income current investments 42,250 33,41,38,281
Total dividend income 42,250 33,41,38,281
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 51,60,481 498
Total net gain/loss on sale of investments 51,60,481 498
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Other net gain (loss) on foreign currency fluctuations treated
as other income (E) 3,56,722 (F) 1,18,02,730
Total net gain/loss on foreign currency fluctuations treated as
other income
3,56,722 1,18,02,730
Surplus on disposal, discard, demolishment and destruction of
depreciable property, plant and equipment
37,78,142 53,01,840
Excess provisions written back 0 4,29,723
Liabilities written off 40,04,419 1,60,25,763
Miscellaneous other non-operating income (G) 22,46,62,905 (H) 7,46,19,905
Total other non-operating income 23,28,02,188 10,81,79,961
Total other income 352,55,83,658 155,64,62,646
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense borrowings (I) 366,85,95,575 (J) 123,26,22,906
Interest lease financing 22,74,59,577 5,12,26,009
Total interest expense 389,60,55,152 128,38,48,915
Other borrowing costs 30,30,54,843 7,44,72,351
Total finance costs 419,91,09,995 135,83,21,266
Employee benefit expense [Abstract]
Salaries and wages 110,96,65,300 44,39,06,301
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0

213
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 6,95,98,323 4,40,91,700
Total contribution to provident and other funds 6,95,98,323 4,40,91,700
Staff welfare expense 3,39,68,899 3,10,96,142
Total employee benefit expense 121,32,32,522 51,90,94,143
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (K) 5,15,09,711 (L) 3,12,39,387
Amortisation expense 8,50,421 8,50,421
Total depreciation, depletion and amortisation expense 5,23,60,132 3,20,89,808
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 8,03,474 8,61,808
Power and fuel 3,02,01,476 7,29,24,998
Rent 10,16,34,925 8,06,91,359
Repairs to building 0 0
Repairs to machinery 6,11,22,447 5,47,00,457
Insurance 8,69,748 24,69,294
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 1,90,27,840 17,45,563
Total rates and taxes excluding taxes on income 1,90,27,840 17,45,563
Electricity expenses 2,87,446 2,93,110
Telephone postage 87,18,228 82,44,644
Printing stationery 3,65,106 45,34,402
Travelling conveyance 5,83,78,113 4,84,10,930
Legal professional charges 11,12,31,892 12,03,06,724
Directors sitting fees 0 0
Donations subscriptions 42,46,000 45,92,870
Advertising promotional expenses 19,58,36,700 14,58,14,458
Commission paid other selling agents 6,36,36,206 5,99,58,203
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
depreciable property plant and equipment
0 0
Contract cost [Abstract]
Site labour supervision cost contracts 3,47,815 0
Total contract cost 3,47,815 0
Payments to auditor [Abstract]
Payment for audit services 28,72,960 19,94,604
Payment for other services 3,24,435 3,20,011
Total payments to auditor 31,97,395 23,14,615
CSR expenditure 38,00,000 54,00,000
Miscellaneous expenses (M) 11,57,12,093 (N) 14,53,08,350
Total other expenses (O) 77,94,16,904 (P) 75,85,71,785
Breakup of expenditure on production, transportation and other
expenditure pertaining to exploration and production activities
[Abstract]
Total expenditure on production, transportation and other
expenditure pertaining to exploration and production activities
0 0
Current tax [Abstract]
Current tax pertaining to previous years 13,33,983 -16,25,350
Current tax pertaining to current year 15,55,21,500 11,45,69,957
MAT credit recognised during year -16,35,056 -44,809
Total current tax (Q) 15,84,90,539 (R) 11,29,89,416

214
Footnotes
(A) From Others : 3253718175
(B) From Others : 1088398776
(C) Dividend Income : 42250
(D) Dividend Income : 334138281
(E) Exchange Gain difference (net ) : 356722
(F) Exchange Gain difference (net ) : 11802730
(G) Rent Income : 3329940 Income from Mutual Fund : 19176646 Miscellaneous Income : 175081796 Sale of Scrap : 13502771
Reversal of Diminution in value : 2354363 Income From Investment Fund : 11217389
(H) Rent Income : 2546169 Income from Mutual Fund : 24973765 Miscellaneous Income : 35582501 Sale of Scrap : 5196321 Reversal
of Diminution in value : 0 Income From Investment Fund : 6321149
(I) Interest : 5558325090 Less: Transferred to Inventory as per Ind AS 23 - " Borrowing Cost " : -1889729515
(J) Interest : 2572214770 Less: Transferred to Inventory as per Ind AS 23 - " Borrowing Cost " : -1339591864
(K) Tangible Asset : 49217374 On Intangible Asset : 2292337
(L) Tangible Asset : 28775338 On Intangible Asset : 2464049
(M) Consumable Expenses : 4511390 Other Operating Expenses : 10722838 Legal Expenses, Fees & Subscription : 8583744 Exchange
Rate Difference Non Financing Activity : 18803396 Manpower Services : 4495120 Miscellaneous Expenses : 16446908 Preliminary
Expenses : 2167520 Contract Cancellation Expenses : 0 Fine & Penalty : 100000 Cost of Food & Beverages : 3542300 Cost of Sales
Banquet : 1978636 Factory & Office Expenses : 25531194 Loss on retirement of Asset : 14882349 Doubtful Debts, loans and Advances :
0 Loss on sale of Investment : 655000 Loss on Derivative : 760514 Diminution in Value of Investments : 1281184 Provision for Standard
Assets : 1250000
(N) Consumable Expenses : 0 Other Operating Expenses : 22289969 Legal Expenses, Fees & Subscription : 75202 Exchange Rate
Difference Non Financing Activity : 0 Manpower Services : 7830268 Miscellaneous Expenses : 36580001 Preliminary Expenses : 0
Contract Cancellation Expenses : 55400836 Fine & Penalty : 0 Cost of Food & Beverages : 0 Cost of Sales Banquet : 0 Factory & Office
Expenses : 22901146 Loss on retirement of Asset : 0 Doubtful Debts, loans and Advances : 230928 Loss on sale of Investment : 0 Loss
on Derivative : 0 Diminution in Value of Investments : 0 Provision for Standard Assets : 0
(O) Operation and Maintenance Expenses : 20755164 Other Expenses : 758661740
(P) Operation and Maintenance Expenses : 22289969 Other Expenses : 736281816
(Q) Current Tax : 155521500 Mat Credit Utilization : 1635056 Short/(Excess) Provision for Tax of earlier years : 1333983
(R) Current Tax : 114569957 Mat Credit Utilization : 44809 Short/(Excess) Provision for Tax of earlier years : -1625350
[613200] Notes - Cash flow statement
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of cash flow statement [TextBlock]
[See below]
Cash and cash equivalents cash flow statement 33,74,61,850 31,13,39,243 10,27,48,660
Cash and cash equivalents 33,74,61,850 31,13,39,243 10,27,48,660
Income taxes paid (refund), classified as operating activities 19,72,60,425 26,61,13,899
Total income taxes paid (refund) 19,72,60,425 26,61,13,899 0

215
Disclosure of cash flow statement [Text Block]
Cash Flow Statement
i) Cash & Cash Equivalents (for purpose of cash flow statement)
Cash comprises cash on hand and demand deposit with banks. Cash equivalents are short-term balances (with an original maturity of
three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash
and which are subject to insignificant risk of changes in value.
ii) Cash Flow Statement
Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from
regular revenue generating, financing and investing activities of the company are segregated.
[500200] Notes - Additional information statement of profit and loss
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Additional information on profit and loss account explanatory [TextBlock]
Share of profit (loss) of associates accounted for using equity
method
-15,53,57,922 -13,05,15,923
Total share of profit (loss) of associates and joint ventures
accounted for using equity method
-15,53,57,922 -13,05,15,923
Changes in inventories of stock-in-trade -5,40,135 0
Total changes in inventories of finished goods, work-in-progress and
stock-in-trade
-5,40,135 0
Domestic sale traded goods 384,43,58,304 202,22,21,973
Total domestic turnover goods, gross 384,43,58,304 202,22,21,973
Total revenue from sale of products 384,43,58,304 202,22,21,973
Domestic revenue services 631,18,92,301 626,35,10,823
Total revenue from sale of services 631,18,92,301 626,35,10,823
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

216
[611200] Notes - Fair value measurement
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of fair value measurement [TextBlock]
[See below]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No

217
Disclosure of fair value measurement [Text Block]
iv) Fair value measurement of financial instruments:
When the fair values of financials assets and financial liabilities recorded in the Balance Sheet cannot be measured based on quoted
prices in active markets, their fair value is measured using valuation techniques, including the discounted cash flow model, which involve
various judgements and assumptions.
Fair value measurement
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation
technique. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of the asset or
liability at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the financial
asset or settle the financial liability takes place either:
> In the principal market for the asset or liability, or
> In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to
measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair
value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:
> Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities
> Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable
> Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable
For assets and liabilities that are recognized in the financial statements on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is
significant to the fair value measurement as a whole) at the end of each reporting period.
The Company's management determines the policies and procedures for both recurring fair value measurement, such as derivative
instruments and unquoted financial assets measured at fair value.

218
At each reporting date, the Company analyses the movements in the values of assets and liabilities which are required to be
remeasured or re-assessed as per The Company’s accounting policies. For this analysis, the Management verifies the major inputs
applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents.
For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature,
characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
[613300] Notes - Operating segments
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of entity's operating segments [TextBlock]
[See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

219
Disclosure of entity's operating segments [Text Block]
Segment information:
Segment have been
identified in line with
Indian Accounting
Standard-108
Operating Segment,
taking into account
the organization
structure as well as
different risk and
returns of these
segments.
(Amount in Rs.)
Particulars Others Total
Infrastructure
Services
Real Estate
Trading
(Products)
Renting of
Immovable
Properties
REVENUE
Sales and Operating
Earning 1,80,67,53,673 6,54,46,75,844 3,84,43,58,304 27,20,15,829 73,30,70,140 13,20,08,73,790
5,96,69,87,167 6,26,59,41,116 2,02,22,21,973 7,57,14,211
-2,42,67,053
14,30,65,97,413
Inter Segment
Transaction - - - - - -
- - - - - -
Total Revenue
1,80,67,53,673 6,54,46,75,844 3,84,43,58,304 27,20,15,829 73,30,70,140 16,72,64,57,448
5,96,69,87,167 6,26,59,41,116 2,02,22,21,973 7,57,14,211 (2,42,67,053) 15,86,30,60,060
RESULT

220
Segment Result
(PBIT) (22,04,73,577) (3,38,91,918) 7,64,922 26,86,12,336 58,17,76,402 59,67,88,165
43,63,53,797 (40,63,85,814) 4,32,880 7,27,25,610 (12,02,03,907) (1,70,77,435)
Other Income
- - - - - 3,52,55,83,658
- - - - - 1,55,64,62,646
Finance Costs
- - - - - 4,19,91,09,995
- - - - - 1,35,83,21,266
Income taxes
- - - - - 13,67,65,183
- - - - - 10,89,40,135
Net Profit after tax
- - - - - (21,35,03,355)
- - - - - 7,21,23,811
OTHER
INFORMATION
Segment Assets
1,07,66,38,435 66,07,70,23,149 - 1,11,99,07,867 1,20,47,73,44,762 1,88,75,09,14,213
5,13,87,12,764 64,56,42,44,804 - 1,06,81,14,562 90,30,84,60,460 1,61,07,95,32,589

221
Segment Liabilities
5,49,04,73,124 66,07,70,23,149 - 2,42,49,36,071 1,14,75,84,81,869 1,88,75,09,14,213
6,50,84,92,305 43,92,79,70,013 - 1,76,70,71,505 40,70,94,32,327 1,61,07,95,32,589
Investment in Equity
Accounted Associates
& Joint
Ventures(Included
above segment assets)
- - - - - 16,36,13,153
- - - - - 5,01,15,438
Capital Expenditures -17,81,347
13,87,24,493 5,46,84,896 12,51,92,380 31,68,20,422
79,23,106 41,85,77,041 12,70,702 8,24,85,654 51,02,56,503
Previous year figures
are in italics
Segment Accounting
Operating segments are reported in a manner consistent with the internal reporting to management. For management purposes, the
Company is organised into business units based on its products and services.
Operating results of the business units are monitored separately for the purpose of making decisions about resource allocation and
performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss
in the financial statements.

222
[610700] Notes - Business combinations
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No
[611500] Notes - Interests in other entities
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
operations
No No
Whether company has subsidiary companies liquidated or sold during
year
No No
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
operations
No No
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
investment entity
No No

223
[613400] Notes - Consolidated Financial Statements
01/04/2016
to
31/03/2017
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Description of basis of consolidation [TextBlock]
[See below]
Whether consolidated financial statements is applicable on company No

224
Description of basis of consolidation [Text Block]
a) Basis of Preparation & Presentation of Financial Statements
i) Statement of Compliance
The consolidated financial statements of the Group have been prepared in
accordance with Indian Accounting Standards (Ind AS) notified under
section 133 of the Companies (Indian Accounting Standards) Rules, 2015.
The Group has adopted Ind AS with effect from April 1, 2016 in
accordance with the notification issued by the Ministry of Corporate
Affairs.
For all periods up to and including the year ended 31st March, 2016, the
Group had prepared its financial statements in accordance with
Accounting Standards notified under the Section 133 of the Companies
Act, 2013, read together with Rule 7 of the Companies (Accounts) Rules,
2014 (‘Previous GAAP’).
These consolidated financial statements are the first consolidated financial
statements of the Group under Ind AS. The date of transition to Ind AS is
April 1, 2015. Previous year numbers in the consolidated financial
statements have been restated as per Ind AS. Refer note 3 for information
on how the transition from Previous GAAP to Ind AS has affected the
previously reported consolidated financial position, consolidated financial
performance and consolidated cash flows.

225
ii) Basis of Measurement
The consolidated financial statements have been prepared on the historical
cost basis except for certain financial instruments that are measured at fair
values at the end of each reporting period, as explained in the accounting
policies. Fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between the market
participants at the measurement date.
iii) Principles of Consolidation
The consolidated financial statements comprise of financial statements of
the Company and its subsidiaries and
joint arrangements for which the Company fulfils the criteria pursuant to
Ind AS 110 and joint arrangements within
the scope of Ind AS 111.
The consolidated financial statements comprise the financial statements of
the Company, its subsidiaries and equity accounting of its investment in
associates and joint ventures.
Consolidated financial statements are prepared using uniform accounting
policies for like transactions and other events in similar circumstances. If a
member of the group uses accounting policies other than those adopted in
the consolidated financial statements, appropriate adjustments are made to
that group member’s financial statements in preparing the consolidated
financial statements to ensure conformity with the group’s accounting
policies.

226
The financial statements of all entities used for the purpose of
consolidation are drawn up to same reporting date as that of the parent
company. When the end of the reporting period of the parent is different
from that of a subsidiary, joint venture or associate, the respective entity
prepares, for consolidation purposes, additional financial information as of
the same date as the financial statements of the parent to enable the parent
to consolidate the financial information of the said entity, unless it is
impracticable to do so.
The consolidated financial statements have been prepared on the
following basis.
Subsidiaries
Subsidiaries are all entities over which the Group has control. The Group
controls an entity when the Group is exposed, or has rights, to variable
returns from its power and involvement with the investee and has the
ability to affect those returns through its power over the investee.
Subsidiaries are considered for consolidation when the Group obtains
control over the subsidiary and ceases when the Group loses control of the
subsidiary. Subsidiaries have been consolidated on a line-by-line basis by
adding together the book values of the like items of assets, liabilities,
equity, income and expenses. Intercompany transactions, balances and
unrealised gains resulting on intra-group transactions are eliminated in
full. Unrealised losses resulting from intra-group transactions are
eliminated in arriving at the carrying amount of assets unless transaction
provides an evidence of impairment of transferred asset.
Non-controlling interests represent the portion of profit or loss and net
assets not held by the Group and are presented separately in the Statement
of Profit and Loss and consolidated balance sheet, separately from parent
shareholders’ equity. profit or loss and each component of other
comprehensive income (OCI) are attributed to the equity holders of the
parent of the Group and to the non-controlling interests, even if this results
in the non-controlling interests having a deficit balance.
Associates and Joint Ventures - Equity Accounting

227
An associate is an entity over which the Group has significant influence.
Significant influence is the power to participate in the financial and
operating policy decisions of the investee but is not control or joint control
over those policies.
A joint venture is a joint arrangement whereby the parties that have joint
control of the arrangement have rights to the net assets of the joint
arrangement. Joint control is the contractually agreed sharing of control of
an arrangement, which exists only when decisions about the relevant
activities require unanimous consent of the parties sharing control.
The results and assets and liabilities of associates and joint ventures are
incorporated in the consolidated financial statements using the equity
method of accounting. Under the equity method, an investment in an
associate or a joint venture is initially recognised at cost and adjusted
thereafter to recognise the Group's share of post acquisition profits or
losses and that of other comprehensive income of the associate or joint
venture. Distributions received from an associate or a joint venture reduce
the carrying amount of the investment. Unrealised gains and losses
resulting from transactions between the Group and the joint venture are
eliminated to the extent of the interest in the joint venture.
After application of the equity method, at each reporting date, the Group
determines whether there is objective evidence that the investment in the
associate or joint venture is impaired. If there exists such evidence, the
Group determines extent of impairment and then recognises the loss in the
Statement of Profit and Loss.
Upon loss of significant influence over the associate or joint control over
the joint venture, the Group measures and recognises any retained
investment at its fair value. Any difference between the carrying amount
of the associate or the joint venture and the fair value of the retained
investment and proceeds from disposal is recognised in profit and loss.
The list of Companies / Firms included in consolidation, relationship with
the Company and shareholding therein is as under. The reporting date for
all the entities is 31st March, 2017 except otherwise specified.

228
Sr.
No.
Name of Company / Firm
Country of
Incorporation
Relationship
Shareholding as
at
1 Delhi Golf Link Properties Pvt. Ltd.(DGLPPL) India Subsidiary 100% by APPL 100% by APPL
2 Mah-Hill Properties Pvt. Ltd.(MHPPL) India Subsidiary 100% by APPL 100% by APPL
3 Shankheshwar Infracon Pvt. Ltd.(SIPL) India Subsidiary 100% by APPL 100% by APPL
4 Shankheshwar Buildwell Pvt. Ltd.(SBPL) India Subsidiary 100% by APPL 100% by APPL
5 Adani Ventures LLP (AVL) India Subsidiary
99.99% by
APPL
6 Adani Infracon LLP(AIL) India Subsidiary
99.99% by
APPL
7 Adani Trading Services LLP(ATSL) India Subsidiary
99.99% by
APPL
8 Adani Finserve Private Limited(AFPL) India Subsidiary
100% by
AVLLP
9 Adani Capital Private Limited(ACPL) India Subsidiary 100% by AFPL
10
Adani Tradeline LLP(ATLL) (Earlier known as Parsa Kente Rail Infra
LLP(w.e.f. 31.3.17) (Parsa Kente Rail Pvt. Ltd. Converted in LLP)
(PKRIPL)
India Subsidiary 51% by APPL 89% by APPL
11 Adani Infra (India) Limited (From 17.11.15)(AIIL) India Subsidiary 100% by APPL 100% by APPL
12 Adani Infrastructure Private Limited (Upto 20.03.17)(AIPL) India Subsidiary 100% by APPL
13 Adani Infrastructure and Developers Pvt. Ltd.(AIDPL) India Subsidiary 100% by APPL 100% by APPL
14 Adani Land Developers Pvt. Ltd. (ALDPL) India Subsidiary 100% by AIDPL 100% by AIDPL
15 Adani Estates Pvt. Ltd. (AEPL) India Subsidiary
(75% by
AIDPL;
25% by RDPL)
(75% by
AIDPL;
25% by RDPL)
(60% by (60% by

229
16 Swayam Realtors And Traders LLP(SRTL) India Subsidiary AIDPL;
40% by MNRL)
AIDPL;
40% by MNRL)
17 Adani Mundra Sez Infrastructure Pvt.Ltd(AMSIPL). India Subsidiary 100% by AIDPL 100% by AIDPL
18 Adani Developers Pvt. Ltd. (ADPL) India Subsidiary 100% by AIDPL 100% by AIDPL
19 Jade Agri Land Pvt.Ltd. (JALPL) India Subsidiary 100% by AIDPL 100% by AIDPL
20 Jade Agricultural Company Pvt.Ltd. (JACPL) India Subsidiary 100% by AIDPL 100% by AIDPL
21 Jade Food & Properties Pvt.Ltd. (JFPPL) India Subsidiary 100% by AIDPL 100% by AIDPL
22 Lushgreen Landscapes Pvt.Ltd. (LLPL) India Subsidiary 100% by AIDPL 100% by AIDPL
23 Rohit Agri Trade Pvt Ltd(RoATPL) India Subsidiary 100% by AIDPL 100% by AIDPL
24 Lovisha Infrastructure Pvt Ltd(LIPL) India Subsidiary 100% by AIDPL 100% by AIDPL
25 Shantigram Estate Management Pvt Ltd(SEMPL) India Subsidiary
100% by
ALDPL
100% by
ALDPL
26 Adani Landscapes Pvt. Ltd.(ALPL) India Subsidiary
100% by
ALDPL
100% by
ALDPL
27 Aaloka Real Estate Pvt. Ltd. (AREPL) India Subsidiary
100% by
ALDPL
100% by
ALDPL
28 Suyojan Realty Private Limited (SRPL) India Subsidiary 100% by AIDPL 100% by AIDPL
29 Adani Township & Real Estate Co. Pvt Ltd. (ATRECPL) India Subsidiary
(74% by
ALDPL
25% by SRPL
0.02% by
AIDPL
0.02% by JFPPL
0.02% by ALPL
0.02% by LLPL
0.02% by
AREPL)
(74% by
ALDPL
25% by SRPL
0.02% by
AIDPL
0.02% by JFPPL
0.02% by ALPL
0.02% by LLPL
0.02% by
AREPL)
30 Belvedere Golf and Country Club Private Limited.(BGCCPL) India Subsidiary
100% by
SEMPL
100% by
SEMPL

230
31 Rajendra Agri Trade Pvt Ltd(RjATPL) India Subsidiary 100% by
AMSIPL
100% by
AMSIPL
32 Columbia Chrome (India) Private Limited India Subsidiary
60% by AIDPL
40% by MNRL
60% by AIDPL
40% by MNRL
33 Supersonic Infrastructure Private Limited(SIPL) India Subsidiary
100% by
RATPL
100% by
RATPL
34 Mistry Construction Company Private Limited (MCCPL) India Subsidiary 55% by AIDPL 55% by AIDPL
35 Shantigram Utility Services Private Limited(SUSPL) India Subsidiary
100% by
SEMPL
100% by
SEMPL
36 Alton Buildtech India Private Limited India Subsidiary 100% by AIDPL 100% by AIDPL
Sr.
No.
Name of Company / Firm
Country of
Incorporation
Relationship
Shareholding as
at
37 Achaleshwar Infrastructure Private Limited(AIPL) India
Joint
Venture
50% by AIDPL 50% by AIDPL
38 Adani M2k LLP(AM2K) India
Joint
Venture
(50% by
AIDPL 50%
by M2K)
50% by
AIDPL 50%
by M2K
39 Blue Shine Marketing Private Limited (BSMPL) India
Joint
Venture
40 Brahma Realty Private Limited (BRPL) India
Joint
Venture
41 Anant Raj Property Management Private Limited(ARPMPL) India
Joint
Venture
42 Blue Star Realty Private Limited (BSRPL) India
Joint
Venture
100 % by
ARPMPL
100 % by
ARPMPL

231
43 CCC Realty Private Limited (CRPL) India Joint
Venture
100 % by
ARPMPL
100 % by
ARPMPL
44 Moments Realtors Private Limited (MRPL) India
Joint
Venture
100 % by
ARPMPL
100 % by
ARPMPL
45 One Star Construction Private Limited (OSCPL) India
Joint
Venture
100 % by
ARPMPL
100 % by
ARPMPL
46 Vishakaha Solar Films Private Limited(VSFPL) India
Joint
Venture
50% by APPL 50% by APPL
47 Vishakaha Renewables Private Limited(VRPL) India
Joint
Venture
48 Vishakaha Metal Private Limited(VMPL) India
Joint
Venture
49 Valuable Properties Private Limited (VPPL) India Associate
(26% by LIPL
74% by Energy
City, Navi
Mumbai)
(26% by LIPL
74% by Energy
City, Navi
Mumbai)
50 Adani Green Energy Limited(AGEL) India Associate
41.65% by
ATSL
49% by APPL
51 Adani Renewable Energy Park Limited(AGEPL) India Associate 49% by ATSL ---
52
Adani Green Technology Limited ("AGTL")
(Formerly known as Sami Solar (Gujarat) Private Limited)
India Associate 49% by ATSL ---
b) Use of Estimates and Judgements
The preparation of financial statements in conformity with Ind AS
requires management to make certain judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets
and liabilities (including contingent liabilities) and the accompanying
disclosures. Future results could differ due to these estimates and
differences between the actual results and the estimates are recognised in
the periods in which the results are known / materialised.

232
[610800] Notes - Related party
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of related party [TextBlock]
[See below]
Whether there are any related party transactions during year No No
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company No No

233
Disclosure of related party [Text Block]
Related Party Transactions
Disclosure of transactions with Related Parties, as required by Ind AS 24 Related Party Disclosures has been set out in a separate note.
Related parties as defined under clause 9 of the Ind AS 24 have been identified on the basis of representations made by the management
and information available with the Company.
Sr. No. Nature of Transaction Name of Related Party
For the year ended
31st March, 2017
For the year ended
31st March, 2016
1 Borrowings ( Loan Taken)
S B Adani Family
Trust 5,300,000 1,027,004,028
Rajesh S Adani
Family Trust 60,000,000 154,436,696
Rajesh S Adani
5,000,000 390,724,841
Pranav V Adani
600,000,000 -
Gautam S Adani
Family Trust 30,000,000 -
Vinod S Adani
- 440,144,584
Adani Enterprise
Limited 12,541,260,619 1,942,454,000
Adani Logistic
Limited - 1,000,000,000
Adani Wilmar
Limited 500,000,000 -
Gaya Solar (Bihar)
Pvt Ltd 129,750,000 -
Kamuthi Solar Power

234
Limited 700,000,000 -
Mundra Solar PV
Limited 2,852,318,057 -
Prayatna Developers
Private Limited
Parampujya Solar
Energy Pvt Limited
Wardha Solar
(Maharashtra) Private
Limited
Marathon Nextgen
Realty Pvt Ltd
Valuable Properties
Pvt ltd 2,000,000 149,200,000
M/s. Mistry
Enterprises 104,046,136 -
M/s. Meghraj Cinema
4,842,741 -
M/s. Kurla Exhibitors
- 63,058,702
2 Borrowings ( Loan Repaid)
Gautam S Adani
Family Trust 30,000,000 -
Vinod s Adani
570,000,000 -
Adani Wilmar
Limited 500,000,000 -
Bhavik B Shah
- 14,790,000
Adani Enterprise
Limited 8,375,479,477 1,794,954,000
Adani Logistic
Limited 11,688,500,000 -
Gaya Solar (Bihar)
Pvt Ltd 30,300,000 -

235
Kamuthi Solar Power
Limited 700,000,000 -
Mundra Solar PV
Limited 2,852,318,057 -
Prayatna Developers
Private Limited
Parampujya Solar
Energy Pvt Limited
Wardha Solar
(Maharashtra) Private
Limited
Marathon Nextgen
Realty Pvt Ltd
Real Deal Developers
Private Limited
Valuable Properties
Pvt ltd 84,400,000 64,250,000
M/s. Mistry
Enterprises - 64,852,861
M/s. Meghraj Cinema
- 460,348,232
13,921,988 -
Adani Green Energy
Limited 4,363,760,000 165,000,000
Adani Green Energy
(UP) Limited 9,500,000 -
Mundra Solar Limited
- 205,800,000
Mundra Solar PV
Limited 500,000,000 610,000,000
Pvt. Ltd. 48,719,869 5,000,000

236
Adani Green Energy
(Tamilnadu) Limited 2,508,200,000 2,705,000,000
Kamuthi Renewable
Energy Limited 749,000,000 1,000,500,000
Kamuthi Solar Power
Limited 2,502,400,000 2,372,500,000
Ramnad Renewable
Energy Limited 419,500,000 454,500,000
Ramnad Solar Power
Limited 436,000,000 1,400,000,000
Parampujay Solar
Energy Pvt. Ltd. 310,000,000 -
Prayatna Developers
Pvt. Ltd. 22,000,000 -
Vishakha Metals Pvt.
Ltd. 13,500,000 -
Vishakha Renewables
Pvt. Ltd. 52,921,200 50,000,000
Adani Enterprises
Limited 10,506,500,000 -
Adani Power Limited
13,881,786,123 11,282,041,190
Adani Power
Maharashtra Limited
Adani Transmission
Limited 8,920,351,950 5,343,550,318
Maharashtra Eastern
Grid Power
Transmission
Company Limited
Mundra Solar PV
Limited - 200,478,158
Adani Rail Infra
Private Limited 3,589,185,242 3,164,500,000

237
Achaleshwar
Infrastructure Pvt Lid.
Blue Shine Marketing
Pvt ltd. - 4,400,000
ADANI PROPERTIES
PRIVATE LIMITED
Notes forming part of the
Consolidated Financial
Statements for the year ended
31st March, 2017
Amount in Rs.
For the year ended
31st March, 2017
For the year ended
31st March, 2016
4 Loans received back
Adani Green Energy
Limited 849,400,000 -
Mundra Solar PV
Limited 1,110,478,158 185,000,000
Adani Green Energy
(Tamilnadu) Limited 2,340,500,000 568,755,000
Kamuthi Renewable
Energy Limited 787,000,000 490,000,000
Kamuthi Solar Power
Limited 3,121,800,000 -
Parampujay Solar
Prayatna Developers
Pvt. Ltd. 22,000,000 -
Ramnad Renewable
Energy Limited 580,620,000 240,000,000
Ramnad Solar Power
Limited 599,500,000 750,000,000
Adani Rail Infra
Private Limited 1,215,600,000 755,000,000

238
Adani Enterprises
Limited 10,506,500,000 -
Adani Power Limited
7,382,000,000 12,585,253,340
Adani Power
Maharashtra Limited
Adani Transmission
(India) Limited
Adani Transmission
Limited 10,301,477,305 5,700,000,000
Maharashtra Eastern
Grid Power
Transmission
Company Limited
Adani Rail Infra
Private Limited 16,000,000 -
Achaleshwar
Infrastructure Pvt.
Ltd.
5
Advance received against Material &
Others
Adani Power
Maharashtra Limited
Adani Power
Rajasthan Limited 1,000,000,000 -
Udupi Power
Corporation Limited
Adani Green Energy
(UP) Limited
Mundra Solar PV
Limited 756,418,057 -
Prayatna Developers
Private Limited
6 Advnace Return
Adani Power
Maharashtra Limited
Prayatna Developers
Private Limited

239
Adani Green Energy
(UP) Limited
7 Sale of Goods /Properties
Adani Wilmar
Limited 1,515,697,665 2,022,221,973
Adani Ports and
Special Economic
Zone Ltd
8 Revenue from Operations:
Adani Ports and
Special Economic
Zone Ltd
Adani Green Energy
Pvt Ltd 49,406 -
Adani Enterprises
Limited 282,314 91,882,126
Adani Power Limited
179,798 -
9 EPC Revenue
Adani Power
Rajasthan Limited - 43,827,229
Adani Green Energy
(Tamilnadu) Limited
Kamuthi Renewable
Energy Limited
Kamuthi Solar Power
Limited 958,556,056 2,701,444,046
Ramnad Renewable
Energy Limited
Ramnad Solar Power
Limited 24,286,633 1,300,713,320
10
Purchase or Subscription of equity
shares of Company & Investment in
LLP/Purchase of Land(Inventory) and
Material
Adani Enterprises
Limited - 453,000,000
Adani Green Energy
Limited 5,458,110,000 783,755,000

240
Adani Power Limited
- 4,146,800,000
Vishakha Renewables
Pvt. Ltd. 49,946,000 -
Pvt. Ltd. 53,946,000 -
Adani Tradecom LLP
99,999 -
Adani Tradex LLP
99,999 -
Bhavik B shah
14,790,000 -
Adani Power
Maharashtra Limited
Adani Power
Rajasthan Limited - 11,472,380
Adani Wilmar
Limited 2,328,195,000 -
Pvt ltd. - 50,000
Brahma Reality Pvt
ltd - 50,000
11 Sale or Redemption of Investment
Adani Enterprises
Limited 699,998 -
Universal Trade &
Investment Ltd. 936,259,500 -
12 Rent Received
Adani Enterprises
Limited 14,764,448 14,729,272
Adani Ports and
Special Economic
Zone Ltd
40,408,227 28,282,771
Adani Power Limited
1,439,860 37,337,781
Adani Wilmar

241
Limited 403,773 4,696,253
13 Service Availed
Adani Enterprise
Limited 57,693,398 10,949,577
Adani Ports and
Special Economic
Zone Ltd
14 Land use right income
Adani Ports and
Special Economic
Zone Ltd
600,000,000 -
ADANI PROPERTIES
PRIVATE LIMITED
31st March, 2017
Amount in Rs.
For the year ended
31st March, 2017
For the year ended
31st March, 2016
15 Donation Adani Foundation
3,800,000 5,400,000
16 Deposit Repaid
Adani Enterprises
Limited 750,000,000 -
17 Deposit Received
Adani Ports and
Special Economic
Zone Ltd
1,400,000,000 -
18 Deposit Given Adani Gas Limited
9,633,400 -
Gaurav Gupta
1,658,100 -
19 Purchase of Land
Mesh Tradelink Pvt
Ltd 17,233,094 25,416,512
20 Rent Paid
Adani Ports and
Special Economic
Zone Ltd

242
Gaurav Gupta
2,065,719 -
Adani Green Energy
Limited 34,911,860 1,879,953
Adani Green (UP
Limited 500,526 -
Mundra Solar Limited
21,619,231 215,159
Mundra Solar PV
Limited 12,132,127 5,973,678
Pvt. Ltd. 441,303 176,131
Adani Green Energy
(Tamilnadu) Ltd. 145,960,202 70,296,799
Kamuthi Renewable
Energy Ltd. 69,520,718 11,901,374
Kamuthi Solar Power
Limited 215,925,789 63,769,696
Parampujay Solar
Prayatna Developers
Pvt. Ltd. 5,452 -
Ramnad Renewable
Energy Ltd. 28,227,771 3,642,772
Ramnad Solar Power
Ltd. 62,385,450 34,380,012
Vishakha Metals Pvt.
Ltd. 215,704 -
Vishakha Renewables
Pvt. Ltd. 4,293,182 1,724,800
Adani Enterprises Ltd
114,230,696 -
Adani Power Limited
861,665,267 455,264,006

243
Adani Power
Maharashtra Ltd. - 21,026,370
Adani Transmission
(India) Ltd. 73,368,013 685,840,716
Adani Transmission
Limited 488,118,269 180,573,514
Maharashtra Eastern
Grid Power
Transmission
Company Limited
Mundra Solar PV
Limited 526,438 531,288
Adani Rail Infra
Private Ltd. 403,169,283 90,881,535
Achaleshwar
Infrastructure Pvt Ltd.
Pvt ltd. 528,000 528,000
22 Interest Expenses Rajesh S Adani
35,165,236 13,294,918
S B Adani Family
Trust 92,430,363 7,013,166
Rajesh S Adani
Family Trust 13,899,303 147,945
Vinod S Adani
118,425,908 11,429,508
Adani Enterprise Ltd.
177,229,609 96,701,914
Adani Logistic Ltd.
1,169,279,025 1,415,199,756
Adani Wilmar Ltd.
719,178 -
Kamuthi Solar Power
Ltd. 6,938,630 -

244
Mundra Solar PV Ltd.
79,691,632 -
Prayatna Developers
Private Ltd.
Parampujya Solar
Energy Pvt Ltd.
Marathon Nextgen
Realty Pvt Ltd
23 Fixed Capital Account Sagar Rajesh Adani
2 -
Rajesh S Adani
48,001 -
Gautam S Adani
- 1,000
24 Current Capital Account - Withdrawal
Adani M2K Projects
LLP 45,500,000 300,000,000
25 Current Capital Account - Deposit
Adani M2K Projects
LLP 48,000,000 10,000,000
26 Reimbursement of Expenses Received Adani Power Ltd.
- 3,202,100
Adani Infrastructure
Pvt. Ltd. - 9,501
13,332,170 9,013,435
Adani Gas Limited
565,480 -
Adani Power
Limited - Rent 2,167,482 2,454,070
Adani Port & Special
Economic Zone Ltd.-
Rent
Adani Logistics Ltd. -
Rent 13,004,892 2,454,070

245
Adani Shipping
(India) Private Ltd. -
Rent
Adani M2K Projects
LLP - Salary
27 Reimbursement of Expenses Paid
S B Adani Family
Trust 47,416 11,450
Adani Mining Pty Ltd.
- 547,071
Kamuthi Renewable
Energy Ltd. 13,380,957 -
Ramnad Renewable
Energy Ltd.
Ramnad Solar Power
Ltd. 12,217,272 -
- 2,670,291
28 Bank Guarantee Given:
Adani M2K Projects
LLP 782,576,244 1,000,000,000
ADANI PROPERTIES
PRIVATE LIMITED
31st March, 2017
Amount in Rs.
For the year ended
31st March, 2017
For the year ended
31st March, 2016
29
Employee Balance Transfer from
Related party
Adani Enterprises Ltd.
251,793 -
Adani Ports and
Special Economic
Zone Ltd

246
Adani Wilmar
Limited 359,817 -
Adani M2K Projects
LLP 333,142 -
30
Miscellaneous Balances transfer from
related party
Adani Pench Power
Ltd. 20,000 200,000
Adani Power
Jharkhand Ltd. 1,107,295 -
Adani Power Ltd.
1,752,872 324,888
Adani Power
Maharashtra Ltd. 908,358 -
Adani Power
Rajasthan Ltd. 1,453,583 124,000
Adani Power Dahej
Ltd. - 15,000
Adani Transmission
Ltd. 2,256,611 9,109
Adani Green Energy
(Tamilnadu) Ltd.
Adani Green Energy
Ltd. 2,779,713 -
Adani Green Energy
(UP) Ltd. 733,575 -
Maharashtra Eastern
Grid Power
Transmission
Company Ltd.
2,702,875 -
Prayatna Developers
Private Ltd.
Parampujya Solar
Energy Pvt Ltd.

247
31 Miscellaneous Balances transfer to
related party
Adani Pench Power
Ltd. 353,233 -
Adani Power
Jharkhand Ltd. 319,905 -
Adani Power Ltd.
3,615,699 302,616
Adani Power
Maharashtra Ltd. 1,422,260 206,436
Adani Power
Rajasthan Ltd. 1,307,813 825,666
Adani Ports and
Special Economic
Zone Ltd
The Dhamra Port
Company Ltd. 134,165 -
Udupi Power
Corporation Ltd. 1,080,602 306,425
Adani Power Dahej
Ltd. 833,933 -
Adani Transmission
Ltd. - 33,793
Adani Green Energy
(Tamilnadu) Ltd.
Ramnad Renewable
Energy Ltd.
Adani Green Energy
Ltd. 1,972,622 2,316
Adani Green Energy
(UP) Ltd. 74,646 -
Maharashtra Eastern
Grid Power
Transmission Co. Ltd.
18,869 215,000

248
Prayatna Developers
Private Ltd.
Parampujya Solar
Energy Pvt Ltd.
32 Other Transactions Adani Power Ltd.
10,000 -
Adani Ports and
Special Economic
Zone Ltd
Adani Wilmar
Limited 500,252 -
Adani Gas Limited
233,529 -
33
Corporate Guarantees Given (for
availing loans and working capital
limits)
Adani Power Ltd.
15,500,000,000 4,450,000,000
Adani Green Energy
(Tamilnadu) Ltd. 5,233,200,000 4,770,000,000
Kamuthi Solar Power
Ltd. 3,733,800,000 1,600,000,000
Ramnad Solar Power
Ltd. 1,744,400,000 2,000,000,000
Ramnad Renewable
Energy Ltd. 1,244,600,000 -
Kamuthi Renewable
Energy Ltd. 1,744,400,000 500,000,000
Adani Green Energy
Ltd. 271,656,000 14,624,000,000
Adani Transmission
Ltd - 2,000,000,000
- 700,000,000
5,000,000,000 4,850,000,000

249
34 Corporate Guarantees (Given and
outstanding)
Adani Power Ltd.
15,500,000,000 9,450,000,000
Adani Green Energy
(Tamilnadu) Ltd. 5,233,200,000 4,770,000,000
Kamuthi Solar Power
Ltd. 3,733,800,000 1,600,000,000
Ramnad Solar Power
Ltd. 1,744,400,000 2,000,000,000
Ramnad Renewable
Energy Ltd. 1,244,600,000 -
Kamuthi Renewable
Energy Ltd. 1,744,400,000 500,000,000
Adani Green Energy
Ltd. 271,656,000 14,624,000,000
Adani Transmission
Ltd - 2,000,000,000
- 700,000,000
5,000,000,000 4,850,000,000
ADANI PROPERTIES
PRIVATE LIMITED
31st March, 2017
Amount in Rs.
For the year ended
31st March, 2017
For the year ended
31st March, 2016
Bhavik B Shah
25,765,000 40,555,000
Adani Green Energy
Ltd. 3,716,151,813 166,882,269

250
Adani Green Energy
(UP) Ltd. 10,000,526 -
Mundra Solar Ltd.
227,634,390 206,015,159
33,105,805 631,451,836
Pvt. Ltd. 391,303 5,176,131
Adani Green Energy
Tamil Nadu Ltd. 2,520,202,001 3,260,525,884
Kamuthi Renewable
Energy Ltd. 562,901,974 1,349,624,478
Kamuthi Solar Power
Ltd. 2,032,795,485 3,825,726,102
Parampujay Solar
Prayatna Developers
Pvt. Ltd. 5,452 500,000
Ramnad Renewable
Energy Ltd. 112,704,927 852,682,026
Ramnad Solar Power
Ltd. 583,265,462 1,109,110,860
Vishakha Mentals Pvt.
Ltd. 13,715,704 -
Vishakha Renewables
Pvt. Ltd. 58,993,182 51,724,800
Achaleshwar
Infrastructure Put Ltd.
Pvt Ltd. 5,350,400 4,475,200
Mesh Tradelink
Private Ltd. 17,978,000 16,272,400

251
Marathon Ener-Gen
LLP 11,100,000 11,100,000
Real Deal Developers
Pvt. Ltd. 300,000,000 300,000,000
Adani Rail Infra Pvt.
Ltd. 1,454,132,965 2,325,032,450
Anant Raj Property
Adani Wilmar Ltd.
- 98,914
Adani Power Ltd.
628,763 4,564,303
Adani Ports and
Special Economic
Zone Ltd
Adani Gas Ltd.
9,631,734 -
Adani Logistics Ltd.
784,079 628,015
Adani Shipping
(India) Pvt. Ltd. 5,549,637 11,619,595
Rajesh S Adani
119 -
- 2,093,384
Adani M2K Projects
LLP - 20,674,703
Adani Transmission
Ltd. 2,421,505,616 3,323,054,771
Adani Power Ltd.
13,725,643,995 7,225,857,872
Adani Transmission
(India) Ltd. 8,803,725 4,430,619,652
Adani Rail Infra Pvt

252
Ltd 3,501,487,778 166,260,932
Adani Transmission
Ltd. - 33,793
Adani Pench Power
Ltd. 231,083 -
The Dhamra Port Co.
Ltd. 134,165 -
Adani Power Ltd.
2,312,532 -
Adani Power Dahej
Ltd. 833,933 -
Gaurav Gupta
1,658,100 -
Adani Power
Maharashtra Ltd. - 18,923,733
ADANI PROPERTIES
PRIVATE LIMITED
31st March, 2017
Amount in Rs.
Nature of Transaction Name of Related Party
For the year ended
31st March, 2017
For the year ended
31st March, 2016
Due To
S B Adani Family
Trust 1,131,747,557 1,034,018,339
Rajesh S Adani
Family Trust 228,483,944 154,584,641
Rajesh S Adani
444,184,995 404,019,759
Pranav V Adani
600,000,000 -

253
Vinod S Adani
- 451,574,092
3,451,685,319 763,000,000
Adani Ports and
Special Economic
Zone Ltd
1,410,000,000 10,000,000
Adani Power Ltd.
11,327,125 45,208,354
1,172,034,099 407,649,383
Adani Gas Ltd.
41,628 -
Adani Green Energy
Pvt. Ltd. 870,633 -
Adani Ports and
Special Economic
Zone Ltd
Rajeshbhai S Adani
4,126 -
Gautam S Adani
83 -
Sagar R Adani
2 -
Adani M2K Projects
LLP 45,745,863 1,401,325,084
Adani Wilmar
Limited 860,069 -
Marathon Nextgen
Realty Pvt. Ltd.
MPSEZ Utilities
Private Ltd. 138,000,000 138,000,000
Parampujya Solar
Energy Pvt. Ltd.

254
Valuable Properties
Pvt Ltd. 2,550,000 85,133,500
Wardha Solar
(Maharashtra) Pvt.
Ltd.
M/s. Mistry
Enterprises 183,104,616 79,058,480
M/s. Meghraj Cinema
89,394,062 84,551,321
60,769,872 74,691,860
M/s. Millenium
Clothing Pvt. Ltd. 498,616,832 498,616,832
Adani Logistic Ltd.
- 13,570,798,226
Prayatna Developers
Pvt. Ltd. 555,966,878 266,413,162
Gaya Solar (Bihar)
Pvt Ltd 99,450,000 -
Wardha Solar
(Maharashtra) Pvt.
Ltd.
Adani Power
Maharashtra Ltd. 453,830,761 971,702,065
Adani Power
Rajasthan Ltd. 1,000,151,344 11,323,258
Adani Power Dahej
Ltd. - 15,000
Udupi Power
Corporation Ltd. 2,498,919,398 2,499,998,575
757,523,150 2,670,291
Adani Green Energy
(Tamilnadu) Ltd.

255
Kamuthi Solar Power
Ltd. 33,500,244 -
Maharashtra Eastern
Grid Power
Transmission Co. Ltd.
Adani Green Energy
(UP) Ltd. 658,929 -
Adani Power Jarkhand
Ltd. 1,107,295 -
Prayatna Developers
Pvt. Ltd. 1,131,639 -
Adani Transmission
Ltd. 2,256,611 -
Parampujya Solar
Energy Pvt Ltd.
[611700] Notes - Other provisions, contingent liabilities and contingent assets
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
[See below]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities No No

256
Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]
Contingent liabilities and commitments
(to the extent not provided for) :
(A) Contingent liabilities not
accounted for
Amount in Rs.
31st March, 2017 31st March, 2016
In respect of disputed income tax
matters for which the Company is in
appeal / cross-appeal before the
CIT(Appeals) / ITAT/VAT *
48,33,95,015 30,98,81,304
In respect of Bank Guarantee Given to
bank
3,82,79,26,154 2,21,23,93,504
In respect of Bank Guarantee Given to
Sales Tax Department, Gurgaon 5,00,000 5,00,000
In Respect of Corporate Guarantee
Given on behalf Group Companies 47,34,70,56,000 49,49,40,00,000
Mortgage of property at Bandra Kurla
Complex against loan taken. 3,50,00,00,000 3,50,00,00,000
Municipal Tax and Sewage Tax
- -
Against petition field by sub contractor
at Patan Court.** 28,96,353 28,96,353
Firm Commitments
-
The Company has given
Rs.121,00,00,000 (Previous year
Rs.121,00,00,000) as advances for
purchase of developed space. Under the
agreements executed with the land
owners, the Company is required to
make further payments under the
agreements.
11,00,00,000 11,00,00,000

257
(B) Capital Commitments :
31st March, 2017 31st March, 2016
Estimated amount of contracts
remaining to be executed on capital
account and not provided for
4,97,49,317 2,86,63,073
Investments in Investment Fund :
- Ask Real Estate Opportunities Fund II
33,75,00,000 40,00,00,000
- Chairaae Trust
11,79,61,643 -
Purchase of Residential Properties
- 36,00,000
Contingent liabilities not accounted for
in respect of Official Liquidator
(Nachmo Knitex Limited)
41,400 41,400
In respect of arbitration proceedings
with contractor 1,10,17,704 1,10,17,704
In respect of premium payable on
conversion of agricultural land to non
agri cultural land for commercial
purpose
Amount Not
Ascertainable
Amount Not
Ascertainable
In respect of additional stamp duty on
transfer of land / immovable properties
Amount Not
Ascertainable
Amount Not
Ascertainable
* The company had preferred an
appeal with CIT (A) and the appeal is
yet to be heard. Meanwhile, company
has deposited a sum of Rs. 60243835/-
against the said demand
** The company's appeal against this
decree is pending with appellate court
and against this decree the company
has deposited with a civil court a sum
of Rs. 1438827/-

258
Contingent liabilities and commitments
(to the extent not provided for) :
Provision, Contingent Liabilities and Contingent
Assets
Provision are recognised for when the company has at
present, legal or contractual obligation as a result of
past events, only if it is probable that an outflow of
resources embodying economic outgo or loss will be
required and if the amount involved can be measured
reliably.
Contingent liabilities being a possible obligation as a
result of past events, the existence of which will be
confirmed only by the occurrence or non occurrence of
one or more future events not wholly in control of the
company are not recognised in the accounts. The
nature of such liabilities and an estimate of its financial
effect are disclosed in notes to the Financial
Statements.
Contingent assets are neither recognised nor disclosed
in the financial statements.
Provision on standard assets has been made @ 0.25%
in accordance with Reserve Bank of India (RBI)
guidelines

259
[610500] Notes - Events after reporting period
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No
[612500] Notes - Share-based payment arrangements
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
[613000] Notes - Earnings per share
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
Disclosure of earnings per share [TextBlock]
[See below]
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
entity including dilutive effects
0 0
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0
Disclosure of earnings per share [Text Block]
Earnings Per Share
The Basic EPS has been computed by dividing the income available to equity shareholders by the weighted average number of equity
shares outstanding during the accounting year.
The Diluted EPS has been computed using the weighted average number of equity shares and dilutive potential equity shares
outstanding at the end of the year.

260
[610900] Notes - First time adoption
01/04/2016
to
31/03/2017
01/04/2015
to
31/03/2016
01/04/2014
to
31/03/2015
Disclosure of first-time adoption [TextBlock]
[See below]
Whether company has adopted Ind AS first time Yes Yes
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 4,521,25,98,722 5,028,37,15,560
Equity as per Ind AS 0 4,521,25,98,722 5,028,37,15,560
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 -3,03,73,641 0
Comprehensive income as per Ind AS 0 -3,03,73,641 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 0 0
Profit (loss) for the period as per Ind AS 0 0 0

261
Disclosure of first-time adoption [Text Block]
3 First-time adoption of Ind AS
The Company has adopted Ind AS from 1st April, 2016 and the date of transition to Ind AS is 1st April, 2015. These being the first
financial statements in compliance with Ind AS, the impact of transition has been accounted for in opening reserves and comparable
periods have been restated in accordance with Ind AS 101 First-time Adoption of Indian Accounting Standards. The Company has
presented a reconciliation of its equity under previous GAAP to its equity under Ind AS as at 1st April, 2015 and 31st March, 2016
and of the total comprehensive income for the year ended 31st March, 2016 as required by Ind AS 101.
3.1
Following are the applicable Ind AS 101 optional exemptions and mandatory exceptions applied in the transition from previous
GAAP to Ind AS.
(a) Deemed cost of property, plant and equipment and intangible assets
The Group has elected to continue with the carrying value of all its property, plant and equipment's and intangible assets recognised
as of 1st April, 2015 measured as per the previous GAAP and use that carrying value as its deemed cost on transition date.
(b) Investments in Joint Ventures
When changing from proportionate consolidation method to equity method, the Group has elected to measure its initial investment in
joint ventures at the date of transition as the aggregate of carrying amount of assets and liabilities that the group had previously
proportionately consolidated, including any goodwill arising from acquisition.

262
(c) Exchange differences on long term foreign currency borrowings
The Group has elected to continue the policy adopted for accounting for exchange differences arising from translation of long-term
foreign currency monetary items outstanding and recognised in the financial statements for the period ending immediately before the
beginning of the first Ind AS financial reporting period as at 31st March, 2016 as per the previous GAAP.
(d) Derecognition of financial assets and financial liabilities
The Group has applied the derecognition requirements of financial assets and financial liabilities prospectively for transactions
occurring on or after transition date.
(e) Classification and measurement of financial assets
The Group has assessed classification and measurement of financial assets on the basis of facts and circumstances that exist as on
transition date.
Ind AS 101 requires an entity to reconcile equity, total comprehensive income and cash flows for prior period. The following tables
represent the reconciliations from previous GAAP to Ind AS:
(f) Impairment of financial assets
The Group has applied impairment requirements of Ind AS 109 retrospectively; however, as permitted by Ind AS 101, it has used
reasonable and supportable information that is available without undue cost or effort to determine the credit risk at the date that
financial instruments were initially recognised in order to compare it with the credit risk at the transition date.

263
(g) Assessment of embedded derivatives
The Group has assessed whether an embedded derivative is required to be separated from the host contract and accounted for as a
derivative on the basis of the conditions that existed at the later of the date it first became a party to the contract and the date when
there has been a change in the terms of the contract that significantly modifies the cash flows that otherwise would be required under
the contract.
3.2 Reconciliations between previous GAAP and Ind AS
3.2(a) Effects of Ind
AS adoption on the
balance sheet as at
31st March,2016
and 1st April,2015
( Amount in Rs. )
Particulars
As on 31st
March, 2016
(Last period
presented under
previous GAAP)
As on 01st April,
2015
(Date of
Transition)
Previous GAAP
Effect of
Transition to Ind
AS
Ind AS Balance
Sheet
Previous GAAP
Effect of
Transition to Ind
AS
Ind AS Balance
Sheet

264
ASSETS
Non-Current Assets
Property, Plant &
Equipment
2,20,55,52,159 -54,51,98,482 1,66,03,53,677 1,35,03,50,385 -12,99,37,587 1,22,04,12,798
Capital
Work-in-Progress
33,49,43,339 38,75,80,721 72,25,24,060 2,16,88,815
-
2,16,88,815
Investment Property
-
2,54,97,75,660 2,54,97,75,660
-
2,32,35,32,434 2,32,35,32,434
Goodwill on
Consolidation
3,53,01,63,066 55,68,006 3,53,57,31,072 3,17,68,32,365
-
3,17,68,32,365
Other Intangible
Assets
87,47,072 -1,90,227 85,56,845 1,09,61,939 -4,59,051 1,05,02,888
Financial Assets
(i) Investments
32,93,11,60,728 26,72,08,76,798 59,65,20,37,526 27,36,72,09,396 36,12,69,06,840 63,49,41,16,236
(ii) Loans
9,38,29,27,336
-2,04,02,71,320
7,34,26,56,016 2,20,58,81,775
-1,97,08,29,096
23,50,52,679
(iii)Other Financial
Assets - 5,19,04,932 5,19,04,932 - - 6,46,48,746
Income Tax Assets
(net) - 30,90,97,823 30,90,97,823 - - 13,52,46,340
Deferred Tax
Assets (net) 3,30,80,770 8,30,63,277 11,61,44,047 47,85,564 5,96,06,546 6,43,92,110
Other Non-Current
Assets 59,07,943 1,64,46,97,998 1,65,06,05,941 1,34,28,307 1,52,29,47,545 1,53,63,75,852
Total Non current
Assets 48,43,24,82,413 29,16,69,05,185 77,59,93,87,598 34,15,11,38,546 37,93,17,67,631 72,28,28,01,263
-
Current Assets

265
Inventories
48,11,75,45,753
-1,53,12,00,989
46,58,63,44,764 45,92,98,60,438
-1,17,71,97,632
44,75,26,62,806
Financial Assets
(i) Investments
13,62,82,479 4,04,74,262 17,67,56,741 31,24,96,094 4,05,04,576 35,30,00,670
(ii) Trade
Receivables 5,54,06,45,700 86,889 5,54,07,32,589 71,58,59,155
-14,39,54,342
57,19,04,813
(iii) Cash & Cash
Equivalents 1,06,05,99,356
-74,92,60,113
31,13,39,243 47,61,97,949
-37,34,49,289
10,27,48,660
(iv) Other Balances
with Bank - 69,57,75,587 69,57,75,587 - 33,23,75,104 33,23,75,104
(v) Loans
27,25,78,53,513
-3,15,71,41,207
24,10,07,12,306 2,69,56,15,617
-1,47,40,13,507
1,22,16,02,110
(vi) Other Financial
Assets - 3,83,55,99,080 3,83,55,99,080 - 2,67,43,61,051 2,67,43,61,051
Other Current
Assets 3,16,31,52,166
-93,02,67,484
2,23,28,84,682 2,44,34,41,826
-1,24,79,90,169
1,19,54,51,657
Total Current
Assets 85,27,60,78,967 (1,79,59,33,976) 83,48,01,44,991 52,57,34,71,079 (1,36,93,64,207) 51,20,41,06,872
Total Assets
1,33,70,85,61,380 27,37,09,71,209 1,61,07,95,32,589 86,72,46,09,625 36,56,24,03,424 1,23,48,69,08,135
- -
EQUITY AND
LIABILITIES
EQUITY
Equity Share

266
Capital 12,90,17,850 - 12,90,17,850 12,90,17,850 - 12,90,17,850
Instrument entirely
in Equity Nature - 15,31,07,84,700 15,31,07,84,700 - 12,15,74,50,300 12,15,74,50,300
Other Equity
32,10,83,56,893 29,90,18,14,022 62,01,01,70,915 31,87,66,74,205 38,12,62,65,260 70,00,29,39,465
Total Equity
32,23,73,74,743 45,21,25,98,722 77,44,99,73,465 32,00,56,92,055 50,28,37,15,560 82,28,94,07,615
Non-Controlling
Interests 69,97,12,576 3,23,25,980 73,20,38,556 5,06,06,199 3,37,93,102 8,43,99,301
Total Equity
attributable to
Equity Holders of
the Company
32,93,70,87,319 45,24,49,24,702 78,18,20,12,021 32,05,62,98,254 50,31,75,08,661 82,37,38,06,915
LIABILITIES
Non-Current
Liabilities
(i) Borrowings
50,64,46,03,051
-28,00,58,78,207
22,63,87,24,844 30,82,46,40,097
-25,15,08,39,035
5,67,38,01,062
(ii) Other Financial
Liabilities - 87,69,78,407 87,69,78,407 - 72,22,49,303 72,22,49,303
Provisions
10,91,86,086 29,70,365 11,21,56,451 3,28,54,958
-2,20,912
3,26,34,046
Deferred Tax
Liabilities (net) - - - 78,02,535
-78,02,535
-
Other Non-Current
Liabilities 1,11,78,08,866
-94,72,23,461
17,05,85,405 1,99,86,03,127
-1,77,11,55,921
22,74,47,206
Total Non -current
Liabilities 51,87,15,98,003 (28,07,31,52,897) 23,79,84,45,106 32,86,39,00,717 (26,20,77,69,101) 6,65,61,31,616

267
Current Liabilities
(i) Borrowings
25,40,84,38,424 11,51,44,21,555 36,92,28,59,979 10,11,97,85,890 12,85,72,49,134 22,97,70,35,024
(ii) Trade Payables
4,18,64,93,996
-6,56,02,945
4,12,08,91,051 2,31,65,79,054
-39,21,55,418
1,92,44,23,636
(iii) Other Financial
Liabilities - 8,31,42,91,451 8,31,42,91,451 - 6,18,62,31,044 6,18,62,31,044
Other Current
Liabilities 19,26,18,66,231
-9,55,46,78,361
9,70,71,87,870 9,35,00,97,152
-5,99,41,58,295
3,35,59,38,857
Provisions
4,30,77,408
-98,54,838
3,32,22,570 1,79,48,557
-46,07,515
1,33,41,042
Income Tax
Liabilities (net) - 6,22,541 6,22,541 - - -
Total Current
Liabilities 48,89,98,76,059 10,19,91,99,403 59,09,90,75,462 21,80,44,10,653 12,65,25,58,951 34,45,69,69,604
Total Equity &
Liabilities 1,33,70,85,61,381 27,37,09,71,208 1,61,07,95,32,589 86,72,46,09,624 36,76,22,98,511 1,23,48,69,08,135
3.2(b) Effects of Ind
AS adoption on the
Statement of Profit
and loss for the year
ended 31st
March,2016
( Amount in Rs.
)
Particulars
As on
31/3/2016
(last period
presented under
previous GAAP)
Effect of
Transition to Ind
AS
Ind AS

268
Income Income
Sale of Products
and Services 14,91,79,50,081 (6,63,22,17,286) 8,28,57,32,795
Other Operating
Income - 6,02,08,64,618 6,02,08,64,618
14,91,79,50,081
-61,13,52,668
14,30,65,97,413
Other Income
1,52,48,27,171 3,16,35,475 1,55,64,62,646
Total Income
16,44,27,77,252
-57,97,17,192
15,86,30,60,060
Expenses
Purchases of
Traded Goods 2,16,61,11,801 - 2,16,61,11,801
Operation &
Maintenance
Expenses
2,22,89,970 - 2,22,89,969
(Increase)/Decrease
in Inventories 1,93,07,614 (1,93,07,614)
Cost of
Construction 6,25,80,74,857 (58,78,42,563) 5,67,02,32,294
Purchases of
Material and
Services
5,17,75,75,017 - 5,17,75,75,017
Employee Benefits
Expense 48,04,90,262 3,86,03,881 51,90,94,143
Finance Costs
1,37,42,52,438 (1,59,31,172) 1,35,83,21,266
Depreciation and
Amortization
Expense
3,34,63,583 (13,73,775) 3,20,89,808
Other Expenses
74,13,58,114 (50,76,298) 73,62,81,816

269
Total Expenses 16,27,29,23,656 (59,09,27,542) 15,68,19,96,114
Profit Before Tax
16,98,53,596 1,12,10,349 18,10,63,946
Tax Expenses
Current Tax
16,28,90,600 (4,83,20,643) 11,45,69,957
Mat Credit
Utilization (1,48,71,591) 1,49,16,400 44,809
Short/(Excess)
Provision for Tax of
earlier years
13,13,048 (29,38,398) (16,25,350)
Deferred Tax
(Credit) / Charge 1,62,67,875 (2,03,17,155) (40,49,280)
Total Tax
Expenses 16,55,99,932
-5,66,59,797
10,89,40,135
Profit After Tax
42,53,664 6,78,70,146 7,21,23,811
Share of Profit in
Associates (5,31,17,748) (7,73,98,175) (13,05,15,923)
Profit/(Loss) From
Continuing
Operation
(4,88,64,084) (95,28,029) (5,83,92,113)
Other
Comprehensive
Income
Actuarial Gain /
(Loss) on Employee
Benefits
- 5,22,25,392 5,22,25,392
Deferred Tax
Adjustments -
-2,09,61,460 -2,09,61,460
Other
Comprehensive
Income
- 3,12,63,932 3,12,63,932
Total
Comprehensive

270
Income (4,88,64,084) 2,17,35,903 (2,71,28,181)
Minority Interest
(1,33,14,355) 1,65,59,816 32,45,461
Total
Comprehensive
Income attributable
to Owners
(3,55,49,729) 51,76,087 (3,03,73,642)
3.2( c)
Reconciliation
of total equity
as at 31st
March 2016
and 1st April
2015:
( Amount in Rs.
)
Particulars
As on 31st
March, 2016
(Last period
presented under
previous GAAP)
As on 01st April,
2015
(Date of
Transition)
Total Equity
(shareholders
fund) under
previous
GAAP
32,23,73,74,743 32,00,56,92,055
-
Fair Value of
Current
Investment
48,99,900 4,92,97,816
Fair Value of
Non Current
Investment
29,08,09,76,385 37,92,49,97,228
Effect of
Impact of
Accounting of
Financial
Instrument at
Amortize Cost
64,67,35,667
-7,92,24,036

271
Instrument of
Equity Nature 15,31,07,84,700 12,15,74,50,300
Other Ind As
Adjustments 2,94,51,880 10,12,50,612
Proportanate
share in Ind As
Adjustments of
Joint ventures
(net of
deferred tax)
13,97,50,190 12,99,43,640
Equity as
reported under
IND AS
77,44,99,73,465 82,28,94,07,615
3.2(d)
Reconciliation
of total
comprehensive
income for the
year ended
31st March
2016:
( Amount in Rs.
)
Particulars
For the year
ended 31st
March, 2016
(Last period
presented under
previous GAAP)
Net Profit as
per Previous
GAAP
(3,55,49,729)
Ind AS:
Adjustments
increase
(decrease):
MTM Effect
of Investments
9,12,565
Employee
Benefit
Expenses
-7,69,05,102

272
Tax Emp.
Relating to
reimbursement
of Define
benefit Plan
2,09,61,458
Impact of
Accounting of
Financial
Instrument at
Amortize Cost
11,58,91,161
Other Ind As
Adjustments
Impact
2,64,71,376
Adjustments of
Joint Ventures
-12,17,62,160
Net Profit as
per Ind AS (6,99,80,431)
Other
comprehensive
income (Net of
taxes)
3,96,06,790
Total
comprehensive
income under
Ind AS
(3,03,73,641)
3.3
Notes to above
reconciliations
:
a) MTM on
derivative
financial
instruments :
Derivative
financial
instruments
have been fair
valued through
profit and loss
under Ind AS.
Under
previous
GAAP, the net
mark to market
losses on
derivative
financial
instruments,

273
other than
those
designated as
cash flow
hedges, were
recognised in
Statement of
Profit and
Loss, and the

274
net gains, if
any, were
ignored.
b) Impact on
accounting of
financial
instruments at
amortised cost
:
The Company
has valued
financial assets
(other than
investment in
joint ventures,
subsidiaries
and associates
which are
accounted at
cost) and
financial
liabilities, at
fair value at
the inception
of the contract.
Impact of fair
value changes
as on date of
transition, is
recognised in
opening
reserves.
These financial
instruments
have been
subsequently
accounted
under the
amortised cost
model, with
resultant
changes
thereafter
being
recognised in
Statement of
Profit and
Loss.
c) Actuarial
Valuation :
Actuarial gains
/ losses on
account of
changes in
actuarial
assumptions
are recognised
in other
comprehensive
income.

275
d) Other Ind
AS impacts
include :
- Asset
retirement
obligation and
its
amortisation
- Reversal of
amortised
goodwill
- Amortisation
of government
grants as
deferred
income
e) Deferred
Tax :
The impact of
transition
adjustments
together with
Ind AS
mandate of
using balance
sheet approach
(against profit
and loss
approach in
the previous
GAAP) for
computation of
deferred taxes
has resulted in
charge to
reserves on the
date of
transition, with
consequential
impact in the
Statement of
Profit and Loss
for the
subsequent
periods.
f) Investment
in Joint
Ventures
accounted
using Equity
method :
Investments in
joint ventures
are accounted
for using

276
equity method
under Ind AS.
Accordingly
all assets and
liabilities
pertaining to
joint ventures
which were
proportionately
consolidated
line by line
under previous
GAAP were
excluded and
principles of
equity
accounting are
applied to
these
investments.
Further, effect
of Ind AS
adjustments in
joint ventures
accounts have
also been
included in
consolidated
financial
statements as
at transition
date.
3.4
As there is no
material
reconciliation
item between
Cash Flow
statement
prepared under
Indian GAAP
and those
prepared under
Ind AS,
reconciliation
for the same is
not presented.

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Adani Properties Annual Report 2017.pdf