5, A]!{OUNT TRANSIERRED TO RISXRVIS

Duriru ihe year under review. the Company has iransfcrred its enlile Nrllit lo thc Scncrrl reseNes ol thc

Company

6 PUtsL]C DTPOSITS

Your Company has not accepted any deposits *'ithiI the meannrg ol S..tions rnder Col]'panL.s Act. 2013

and the mles made lhere under

7, CONSERYATION OE ENERGY AND TXC]]NOIpGY AISORPI'ION AND IOREIGN IXCHANG|]

I RNINGS / OtIlC.O

Conservation of enerSy & technology absorplion, The requircrncnt of d isclosn re i n l.mrs oi Sc.t ioil 1 3.1

(il)(m)olihe Companies Act 2013 read with Rule 8(3)olconlp,'i es (^ccou']r, Rulcs 2011 resirding

conseNation oi energy and lechnology absorplion does not ,pply to yorrr Companl The Cornpnnl lras

been however, maknrg all possible atteinpts with regard to cre$y Conse^Ixlnnr rn(1 1n5 nude lull trse ol

lrlornation Technology in its operatjons

Ioreign lxchange Ea lin8s And Outgo, Ioreig exchangc ca nlgs riL.l orri3o dlrrin:. Iltc f;nrlciil )erlr

are as tollolvs,

loreian txchan8e eamed Rs. 39,173.93 Lakls

Iorcign Xxchanse outgo, Rs. 1,1E34 E4 Lakls

h ihe current year. your Direciors are putting up efforts lo incr.asc thc carlrilrg spced an.l hop. thrt thc

Conpany will do better in current Ycar. The ouilook for the culrerli Year is also v.ry bri:Ihi rn.l your

Direciors are hopelul ofbetter position durins the cuuent y.ar

8. MATERIAL CHANGXS

There are no matedal chrnges a1ld con1mirnerlts, .ffecurg the lilatr.ial posill.]lr of lh. c-ofrpany

beiween the end olthe rina cial Yearandthe date of Directois Reron

9 ACQUISITION OI SXAMEC IIMITTD

4 TUTURE OIJTI,OOK

Dudng thc ),car nder revierv. Company has acquired Sernrc l-irnited L,! crlerilr! Lrl. a shrr. pnr(hxsr'

rgrccmcnt with I{h technip, France ior purchase ol maloriiy ol ih. stilie o( Scrrrec LLtrritell rr a

consideralion of Rs. 97 pcr sharc aild thcrcupon M/s Scami'c h.s becorne Subsidi y C.mprrl w. I 3"r

June.2014.

10. DI\''IDEND

Keeping in vlew ihe future requirenellls oI funds b) ihe c- npatrI lol ils |tuPosed 8r's4l[ndexpansioll lhe tsoardexprcsscs its lllabilily io recomnerld an,v dividcnd

II DIRIC I ORS' RTSPONSIBIIITI STATIMINT

rursuant to seciion 134 (3)(c)ofthe Companies Acl 20llrlourDircctolsstal.rl,rri

. nl the preparation of the annual accounis the applicablc lrr.ounlins strndrlds havc Lee I I'lkNcd

and thlrl no maierial deparflircs have been made tuon1 the sam.i

' su.h accounling policies dc being applied consnlerlily nirrl ju.lgrrenl5 halc bcelr rn'rl' thit are

rcasonable and pmdent, so as io Sive a true and falr view ol Ih. stxte ol nltai|s ol the ConTxnI .lt the

end ol ihe linancial year and olthe prolits ol the Comtanl for tl iperrod;. proper and suflicient care h,rs teell taken lor ihc rulinterranc. ol d.leqnate r..orrlliir)S re.or{ls jn

sccordance wiih the prcvisio s of rhe Companies Acl. 2013 lor s'lfe3udr. rs llre '(QIs 'r

lrrF

Coinpany aild for preveniin8 and detectilg tuaud .lnd olher irrc.grlarilies;

. annual acco1l11is have been preparcd oll.rgolq concertr trrsis;

. adequaie andoperatin8 inlc al fnlanc ia1 contro ls have been li ior tlre aom|rnvl arr(l

.proper systems to ensure compliance \Yilh the provisions ol all rliriciblc hws halc tr"n d'vlsed

and such systems are adcquate a d operatnl8 effcctiveLy

]2 AUI]ITORS,

Ills Kanal & Co.. Chariered Accountanis \vere appoinied as StrtLriory ,\ndilors oi thc aornplnl rrt lhc Lisl

Amlual General i{eeiirg held on 291r' Scptember. 201,1 to hold officc lill lhe conclLr\ior ol Ilre lirl1h.onlii1s

lGrU lursuanl to the provisions of section 1 3 9 ol Lhe Conlpfiies ]\ct 20 1 3 . n(l the ltules I hcrc t nd er' ii is

proposed io apponll ^1/s

Kamal & Co. Chartered Ac.o1lnlants (mN 0O1O3llN) ,]s th. Slrnrtor) ,\udLtors oi

thc Company fron the corclusion of thc forihcoming Annual C.ncilll r\leelrn3 nP nr ilrc conclrrsnnr 'l tl'e

rlexl Arulual General MeetinA olthc Company

]3 AI]DMOR,S REPORT

The observaliors of ihc Audiiors nr their Report read togctller rvith lfic \oics on A..onnls ,re sell

cxplnutory,nd therefore. in the opinion of ihe Dircctors, do noi cill IoI rn] ltrthcI .x!lanali.!1

14, SICRETARIAL AUDIT

Durin8 the year, Secretarial Audii was carrjed out by llis shipir ldriiha & r\ssoc'at.s Conlprrr,!

Sccrclaries, the Secreiarial Audiiors ol the Company lor thc ft n.i.l )ellr 2ol.l 15 Th.r. r'crr llo

quxlification, reservation or adverse renErks Siven br S.crctr*rl Audilors ol lhe (--olnpant Thc,ldailcd

Rcpori on ihc Scc(cta al Audii is appendcd as an -{nilcxur'e to thls lieporl

]5 INTERNAI, AUDIT,

Duins the year. Illterrlal Audii wm carried out by r\'lis Lovi r\ lchrotra & A\so' ii1'5 '\ Lr 5 I o! i r I elr rol I a &

Associatcs has beetr appoilted as Irllernal Autlitor lor the coninruous lirlancial \''rr 2012 l3 2r-rl3 l1

.llrd 2014 15.

16, S'TATIIIINI Of PAXTICU],ARS OI IMPIO\-EES

Disclosures wilh rcspect io the remunemtioil of Direci.rls and .mployc's es teqntrr'iL LrrrJcr

Coinpanles Aci.2013 and Rule 5 (2) Coinpanies (Llpomtn1eni anll Rernntr'rxl(u

Pcisonnel) Rulcs, 201,1 rs hcreunder

;, Pejc!tr,.qe oiLomr,r{! , errr t tr'r } Sh.1!es lLld

";.;;;;;;.;; n",rffil;u,rtlrlr tlre

r\'1c.rnirS Ol

Qualification

Clxuie(lll) of Sutr

hulc (2) oi Ylci;\1I

Agrarval

llanaging N$A COCA

CO]A

UNl\'ERS]IY,

ATLA\TA

GTORG]A,

tJs'\

RS 15 O0 000 Per llorlth as

Rcmunemiiotr as Director for

(1 0.1.2014-30 10.2014) tud

15.00,000 per nrcnth as

salarl for ihree lEonths

(1.11.20I5 31.01 20l5 iltcr

01 03:00i r 2 ;a 9.i.

hrs resianatnu lrorn

Dilectorship)

Last lmploymenl Held

lmploJee Is Relative oDicctor Or nbnaaer l

FromO1.O2.2Ol5io31O3.20l5lurSanlccvAgr3$aLwasgetinlEproiessioDxlleeo lts 50 (10'(r00

17 BOARD OI D]RICIORS AND (M?.

During ihc year the Board of Directors haYealpoi11ted llr \irleetr .\1Lrlltr ,\lr \'ir]"t Srr']ri A:lir$:11

llr KarndL Nalayan Raihi and llr Udii Raj Dubcy as an A.ltliti.iLrl Dn..lDrs .1 Llrr Coltp,l rI I r i :10r

oclober 201.1 r\t udai Rai Dubey resigncd frcnl ihe loarLl o, the coNltrrrv rv . I 9'r' A|]1 il lr:'11 '\15

Dirya llchrotm and r\1r Shian sL11lder SirlShal havc Lreen .lppoDltcd as A.ldill.url lrr.lr|'tr'l'rL I rit't' L'

n,ith elleci lrom 2i'r llarch. 20 15 to hoL.l office up to thc .1et. of l.nlh.omirtit ]\rrnnxl GelL.r trl ,\ L.clmJ

ueirg eligible Ms. Dlvyd r\lehrolra and r\1r Shiam Sunilcr Sliuh,ll oil.rcd tlrenrieLv.i to bc ,rf]r(nricJ t$

the lrldependent woman Direcior and hrdelen.icnt Dire.tor I.sPc.tiYelr oI l.rI (.'rfl1rn)

As per fhe provislons ol thc Compiries Aci. 2013 lndependentDirc.lor!irrrrqrireLlloL'.rt)lrirLeLll'r

d terlt of fi\.e consecuiive ycrrs. but shall be eliSiblc lor renlt.ir]lrn.iL1 !]ir tasirll . I s|..1 L r'il'rri'n'blthe CompsnyaMshall notbe lidrle io relii'e byrofdiioll NoncoitheLrireclors.\iefti\lr'lrifl'

"!rlr,ill relire al the etrsuing AnnLrrl General ,\Iee lnlg .rnd. lreirlS eliSilrl0 oftir lrnns.ll f.r r.-ele.lxrtr

The hdcpendeni Dircctors ol your Cornparlv have Sivcn ihe certillcaie ol udepen'lencc io 'rour colrpxil

slaiirg thff ihe)- meet the critcria of udependence as meniioned 11der Sectiorl I '19 (6) oi thc 'onlpanics

Aci.2013.

The Policy or Direcior's apponlimcni and remuneraiioll jncludnlg cril'rl3 for d€lcrnritri113 qrrililicdiion'

positive alfributcs on uldependence ol Direciols and aiso oi1 rcnlu eration oi l{e] nixn'l3eriitl Persorrncl

an.t other cll1ployces lonrs pa of lhis Annual Repod

1 8 PIRIORMANCE EVALUATION,

The cvaluation process locused on various aspects ol the

composiiion ol the Board and Conntiitees, experie ce a d

and oblisafaor-s, governance nsues ctc

Board a d Cornn itee-\ ltnrciionins sllcll is

colnleie|cics fcrtlrrnlrln.c ol sPc'il\' duti's

lursLrant to provlsions ol companies Act 20i3. the Board has carried oul aiuuaL Feiformaikre e!41'LatlorL

of ih ow11 performance. ol ihe Direclors nldividuall) as lvell .l\ elrlrralioil ol $.orlxr3 ol An(iii

Nolnjnationan.lRemuneraiionComrdtteewhichcoYersvsriouslspccholBoardilun.tionirl:l

The pcdormirnce evaluation olIndepenttcrll direclors was carried oLribv the eniire Boird

19, CHIII TINANCLAL OIflCTR

Your Cornpany is maknlg every eflorts to liild a suitable person for the appolnirnerrl of Chi'l Fil'rilcial

ofiicer

20. ANNUlllIqIiIq4g!

ThcexlraciolAnnualReturn]nlor,\1G1.9as1.equedui1.]erS.clion92(:r)aDdRnl.]2oilh.Companies (Managemeni and Adminisiraiion) Rulcs' 2014 is alpendcd as dlr Anrlextrre io lhis Refori -

21, NUA,IIIR OI BOARD METTING CONDUCTED DURING THI \'[AR UN'DTR RTVIIW'

TlLe Companl had 16 Board lleefilgs du lg ihc tulancial lcar unrler rcvlew lh' Llel l\ o1 Bonrd

r\leetings an.l rtiendance olDirectors are provjded as annexurr to lhc Di|cctor\ Rcport

22, RICONSTIIUTION OI COA,1M]'ITX[S.

\Yith the cha ge composition of Board rarious Committees of voxr Br'ard )rarc been ]e-constitut'J

lrre. . o ..rtu,. d.ofla.llee\ -r. her"rrlder

Audil Commitlee

l1r Yijay Kumar Gupia Ch'rirrna11

r\Ii Shiam Sunder Singhal- llen1l,er

r1r Naveen Mohta- Ilcnber

Nomnration And Remuneration Commillee

n1I Yiiay Kulnar GLr|1x Chri nin

ilr Shian Sunder Sntghal ,\lerntrcr

Ilr. Pru.e Goyal- Xlcmlrer

Corporate SocialResponsibility Committee

\1rI1r

Ili

Viiay Kumar Gupia Chairman

Kamal Narayan Rathi li{ember

Yineet Saran Ag$wal l\'lember

23 IN"|ERNAI,CONMOI,S.

The Company has an adequate system ol Iniernal Controls cormrerrsrrrate tilh Ih. iizc & s.ales oi its

operations Conscious ellorts are in place on a conlinuous basis io ensure thil all ll1. Asn'rs ir, I Fie.led

against loss tuom unauihorjzeduse and pillerage

24, A?PRECIATIONAND ACMIOWI,XDGIMXNI,

Yolll Dircciors place on record lheil deep appreciation oI the emplo).cs

dcdicalion and commitmeni. lhe enthushsm .lnd unsinilirg eilbrts oi, Jrro,n) lo rPni'. Lor.l\lenl .ewl.e provide.

Ite Board places on record its apprccialion for thc suppoil and c(lopemiion lour Comf.nl lus tecil

r.ccivnls lrom ils suppliers. retailers. business padners and ol|ers associrtc.l $ ith ih. (ompnry

, t,ll l,rv.ls nrr ilEir lir.l rvork

the.nrtn,).cs hrve rnat)led the

ll rrill be the Compan)rs endeavour lo build and nurture slron:,]nlks s, h lhr tii.ic l,nsed orr furhrahlJ ol

benefils rcspeci for and cooperation with each other. consntcnt rfith consuirrri jlrteresis

The Direciors also take this oppoltunity to thank . 1 lnvestors. Clje|ts |endors Ernlis. Cov.Dnnrnt ilrd

ReguLltory Authorities forthcircontin cd suppoil

Forbehaf of Board of Directors

SHORE LIM ITED

Signalory

FOT HAL OFFSHORE LIMITEDtr N rl-Li1\hi,\

^ - -Kamal Naralan R thi \ ' "''! ?;;.;: ;.; ;.,.. 0kod6-'Authotis'd sisnatorv

DIN,06994787

96, Ground Floor, NewBhiwa i Ilousc,

A K llarg, KXMPS Corner,

Mumbai, 4OOO36, Ilaharashka

DtN, OOO228a5

162-8, Pocket-C ,

Siddhadha Xxtn.

New Delhi 110014

New Delhi, 1'r September,2015