Disclosure of Actual Exercise of Proxy Voting in AGM/EGMs etc of Investee companies across all schemes of Axis Mutual Fund

Details of Votes cast during the Financial year 2014 - 2015

Meeting Date Company Name

21-Apr-14 CMC Limited Postal Ballot ManagemntIncrease in 16-Apr-14 Pfizer Limited CCM ManagemntApproval of29-Apr-14 Vesuvius India Limited AGM ManagemenTo receive 29-Apr-14 Vesuvius India Limited AGM ManagemenTo declare a29-Apr-14 Vesuvius India Limited AGM ManagemenTo appoint a29-Apr-14 Vesuvius India Limited AGM ManagemenTo appoint 29-Apr-14 Sanofi India Limited AGM ManagemntTo receive,29-Apr-14 Sanofi India Limited AGM ManagemntTo consider29-Apr-14 Sanofi India Limited AGM ManagemntMr. S. R. Gu29-Apr-14 Sanofi India Limited AGM ManagemntMr. J. M. Ge29-Apr-14 Sanofi India Limited AGM ManagemntM/s. S R B 29-Apr-14 Sanofi India Limited AGM ManagemntAppointment29-Apr-14 Sanofi India Limited AGM ManagemntRe-appointm29-Apr-14 Sanofi India Limited AGM ManagemntTo consider 24-Apr-14 FAG Bearings India Limited AGM ManagemntTo receive, 24-Apr-14 FAG Bearings India Limited AGM ManagemntTo declare 24-Apr-14 FAG Bearings India Limited AGM ManagemntTo appoint a24-Apr-14 FAG Bearings India Limited AGM ManagemntTo appoint a24-Apr-14 FAG Bearings India Limited AGM ManagemntTo appoint A24-Apr-14 FAG Bearings India Limited AGM ManagemntMr. Robert 24-Apr-14 FAG Bearings India Limited AGM ManagemntMr. Dietmar24-Apr-14 FAG Bearings India Limited AGM ManagemntMr. Dharmes24-Apr-14 FAG Bearings India Limited AGM ManagemntRe-appointm23-Apr-14 SKF India Limited AGM ManagemntTo receive,23-Apr-14 SKF India Limited AGM ManagemntTo declare 23-Apr-14 SKF India Limited AGM ManagemntTo appoint a23-Apr-14 SKF India Limited AGM ManagemntTo appoint a23-Apr-14 SKF India Limited AGM ManagemntTo appoint a23-Apr-14 SKF India Limited AGM ManagemntM/s. Price 16-Apr-14 Wyeth Limited CCM ManagemntApproval of05-May-14 ABB Limited AGM Managemen05-May-14 ABB Limited AGM ManagemenTo declare a05-May-14 ABB Limited AGM ManagemenTo appoint a05-May-14 ABB Limited AGM ManagemenM/s. S. R.

Type of Meeting (AGM / EGM)

Proposal by Management or Shareholder

Proposal's Description

To receive, consider and adopt the Audited Balance Sheet as at December 31, 2013 and the Audited statement of Profit & Loss forthe year ended on that date and the Reports of the Directors and the Auditors thereon

05-May-14 ABB Limited AGM ManagemenMrs. Renu Su03-May-14 Divis Laboratories Limited Postal Ballot ManagemntReappointmen17-Apr-14 Crisil Limited AGM ManagemenTo receive, 17-Apr-14 Crisil Limited AGM ManagemenTo confirm t17-Apr-14 Crisil Limited AGM ManagemenTo appoint a17-Apr-14 Crisil Limited AGM ManagemenTo appoint a17-Apr-14 Crisil Limited AGM ManagemenTo appoint a17-Apr-14 Crisil Limited AGM ManagemenS. R. Batlib17-Apr-14 Crisil Limited AGM ManagemenMr. M. Damod17-Apr-14 Crisil Limited AGM ManagemenMs. Vinita B06-May-14 Gujarat Pipavav Port Limited AGM ManagemenTo receive,06-May-14 Gujarat Pipavav Port Limited AGM ManagemenTo appoint a06-May-14 Gujarat Pipavav Port Limited AGM ManagemenTo appoint a06-May-14 Gujarat Pipavav Port Limited AGM ManagemenTo appoint a06-May-14 Gujarat Pipavav Port Limited AGM ManagemenTo appoint 06-May-14 Gujarat Pipavav Port Limited AGM ManagemenAppointment06-May-14 Gujarat Pipavav Port Limited AGM ManagemenAppointment06-May-14 Gujarat Pipavav Port Limited AGM ManagemenAppointment06-May-14 Gujarat Pipavav Port Limited AGM ManagemenRemuneratio05-May-14 Sun Pharmaceutical Industries Limited CCM ManagemenScheme of A21-May-14 BATA India Limited AGM ManagemenTo receive,21-May-14 BATA India Limited AGM ManagemenTo declare a21-May-14 BATA India Limited AGM ManagemenTo appoint a21-May-14 BATA India Limited AGM ManagemenTo appoint a21-May-14 BATA India Limited AGM ManagemenTo appoint A16-May-14 TATA Steel Limited CCM ManagemenScheme of A28-May-14 GRUH Finance Limited AGM ManagemenTo receive, 28-May-14 GRUH Finance Limited AGM ManagemenTo declare d28-May-14 GRUH Finance Limited AGM ManagemenTo appoint a28-May-14 GRUH Finance Limited AGM ManagemenM/s. Sorab 28-May-14 GRUH Finance Limited AGM ManagemenMr. S. M. P28-May-14 GRUH Finance Limited AGM ManagemenMr. Rohit C28-May-14 GRUH Finance Limited AGM Managemen28-May-14 GRUH Finance Limited AGM ManagemenMr. S.G. Ma28-May-14 GRUH Finance Limited AGM Managemen28-May-14 GRUH Finance Limited AGM Managemen28-May-14 GRUH Finance Limited AGM ManagemenBoard of Dir28-May-14 GRUH Finance Limited AGM ManagemenReappointme28-May-14 GRUH Finance Limited AGM ManagemenCommission 28-May-14 GRUH Finance Limited AGM ManagemenTo create, i28-May-14 GRUH Finance Limited AGM Managemen10-Jun-14 Dewan Housing Finance Corporation Limited Postal Ballot ManagemenTo borrow m10-Jun-14 Dewan Housing Finance Corporation Limited Postal Ballot ManagemenCreation of10-Jun-14 Dewan Housing Finance Corporation Limited Postal Ballot ManagemenIssue of Sec04-Jun-14 Century Textiles And Industries Limited EGM ManagemenTo exercise

Mr. Prafull Anubhai, Director of the Company whose period of office is liable to determination by retirement of directors by rotation, be and is herebyappointed as an Independent Director of the Company

To borrow from time to time such sum or sums of money as they may deem necessary for the purpose of the business of the Company, Provided that the total amount up to which monies may be borrowed by the Board of Directors and which shall remain outstanding at any given point of time shall not exceed the sum of Rs 12,000 crores (Rupees twelvethousand crores).”Authorised Share Capital of Rs 50,00,00,000/- (Rupees Fifty Crores only) divided into 25,00,00,000 (Twenty Five Crore) Equity Shares of Rs 2/- (Rupees Two only) each beincreased to Rs 100,00,00,000/- (Rupees One Hundred Crores only) divided into 50,00,00,000 (Fifty Crores) Equity Shares of Rs 2/- (Rupees Two only) each by creation of 25,00,00,000 (Twenty Five Crores) Equity Shares of Rs. 2/- (Rupees Two only) each, additional Shares ranking pari-passu with the existing Shares in all respectsn.

Board of Directors of the Company (hereinafter referred to as “the Board” whichterm shall be deemed to include any Committee thereof), to issue Redeemable Non-Convertible Debentures (NCDs) for cash, upto an amount not exceeding Rs. 2000 Crores

14-Jun-14 Infosys Limited AGM ManagemenTo receive, 14-Jun-14 Infosys Limited AGM ManagemenTo declare a14-Jun-14 Infosys Limited AGM ManagemenTo appoint a14-Jun-14 Infosys Limited AGM ManagemenTo appoint a14-Jun-14 Infosys Limited AGM ManagemenTo re-appoin14-Jun-14 Infosys Limited AGM ManagemenAppointment 14-Jun-14 Infosys Limited AGM ManagemenAppointment14-Jun-14 Infosys Limited AGM ManagemenAppointment14-Jun-14 Infosys Limited AGM ManagemenAppointment14-Jun-14 Infosys Limited AGM ManagemenContract to 14-Jun-14 Infosys Limited AGM ManagemenRetirement 06-Jun-14 DBC Bank Limited AGM ManagemenTo receive, 06-Jun-14 DBC Bank Limited AGM ManagemenTo appoint M06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAppointment06-Jun-14 DBC Bank Limited AGM ManagemenAmendments 06-Jun-14 DBC Bank Limited AGM ManagemenIssue of Sec04-Jun-14 Zee Entertainment Enterprises Limited CCM ManagemenScheme of A18-Jun-14 Reliance Industries Limited AGM ManagemenThe audited 18-Jun-14 Reliance Industries Limited AGM ManagemenThe audited18-Jun-14 Reliance Industries Limited AGM ManagemenTo declare a18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint a18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint 18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint 18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint 18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint 18-Jun-14 Reliance Industries Limited AGM ManagemenTo appoint 18-Jun-14 Reliance Industries Limited AGM ManagemenTo re-appoi18-Jun-14 Reliance Industries Limited AGM ManagemenTo re-appoi18-Jun-14 Reliance Industries Limited AGM ManagemenTo approve 18-Jun-14 Reliance Industries Limited AGM ManagemenTo approve 18-Jun-14 Reliance Industries Limited AGM ManagemenTo approve 18-Jun-14 Reliance Industries Limited AGM ManagemenTo approve 18-Jun-14 Reliance Industries Limited AGM ManagemenTo adopt ne19-Jun-14 Oriental Bank Of Commerce AGM ManagemenTo discuss, 19-Jun-14 Oriental Bank Of Commerce AGM ManagemenTo declare f19-Jun-14 Oriental Bank Of Commerce AGM ManagemenTo create, o

24-Jun-14 State Bank Of India EGM ManagemenTo elect fou25-Jun-14 State Bank Of India EGM ManagemenTo grant, of

24-Jun-14 Tech Mahindra Limited Postal Ballot ManagemenApproval of20-Jun-14 Tech Mahindra Limited CCM Managemen20-Jun-14 Tech Mahindra Limited CCM ManagemenConsent of 25-Jun-14 Bank Of Baroda AGM ManagemenTo discuss, 25-Jun-14 Bank Of Baroda AGM ManagemenTo declare f25-Jun-14 HDFC Bank Limited AGM ManagemenTo receive, 25-Jun-14 HDFC Bank Limited AGM ManagemenTo declare a25-Jun-14 HDFC Bank Limited AGM ManagemenTo appoint a25-Jun-14 HDFC Bank Limited AGM ManagemenTo appoint a25-Jun-14 HDFC Bank Limited AGM ManagemenTo appoint a25-Jun-14 HDFC Bank Limited AGM ManagemenMr. Partho 25-Jun-14 HDFC Bank Limited AGM ManagemenDr. Pandit 25-Jun-14 HDFC Bank Limited AGM ManagemenMr. Bobby P25-Jun-14 HDFC Bank Limited AGM ManagemenMr. A. N. R25-Jun-14 HDFC Bank Limited AGM ManagemenMr. C. M. V25-Jun-14 HDFC Bank Limited AGM ManagemenMr. Vijay M25-Jun-14 HDFC Bank Limited AGM ManagemenTo create, i25-Jun-14 HDFC Bank Limited AGM ManagemenAcquiring an13-Jun-14 Blue Dart Express Limited CCM ManagemenScheme of A24-Jun-14 ING Vysya Bank Limited AGM ManagemenTo receive, 24-Jun-14 ING Vysya Bank Limited AGM ManagemenTo declare 24-Jun-14 ING Vysya Bank Limited AGM ManagemenTo appoint a24-Jun-14 ING Vysya Bank Limited AGM ManagemenTo re-appoin24-Jun-14 ING Vysya Bank Limited AGM ManagemenArticles of 26-Jun-14 MRF Limited Postal Ballot ManagemenTo borrow (26-Jun-14 MRF Limited Postal Ballot Managemen26-Jun-14 MRF Limited Postal Ballot Managemen23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM ManagemenTo declare a23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM Managemen23-Jun-14 CMC Limited AGM Managemen27-Jun-14 TATA MOTORS LIMITED PBL Managemen27-Jun-14 TATA MOTORS LIMITED PBL Managemen27-Jun-14 TATA MOTORS LIMITED PBL Managemen27-Jun-14 TATA MOTORS LIMITED PBL ManagemenBorrowing p27-Jun-14 TATA MOTORS LIMITED PBL ManagemenCreation of27-Jun-14 TATA MOTORS LIMITED PBL Managemen30-Jun-14 ICICI Bank Limited AGM ManagemenTo receive, 30-Jun-14 ICICI Bank Limited AGM ManagemenTo declare

Amalgamation and arrangement as embodied in the Scheme of Amalgamation and Arrangement under Sections 391 to 394 read with Section 52 of the Companies Act, 2013 (correspondingprovision being Section 78 of the Companies Act, 1956) and Sections 100 to 104 of the Companies Act, 1956 of Mahindra Engineering Services Limited (“MESL”) with the Company and their respective shareholders and creditors (“Scheme of Amalgamation”) be and is hereby approved subject to any conditions as may be imposed by the Hon’ble High Court of Judicature at Bombay while sanctioning the Scheme of Amalgamation

To create such mortgages/ charges/ hypothecation in addition to the mortgages/ charges/ hypothecation created/ to be created by the Company or executing a declaration of a trust or other appropriate document on such terms and conditions as the Board may think fit, on the whole orsubstantially the whole of the Company’s undertakings or any part thereof, including the present and future properties, whether movable or immovable and assets of all kinds of the Company, both present and future, to or in favour of Financial institution(s), bank(s) and/ or any other person or entity and/ or the agents or trustees of the debenture holders to secure the borrowings availed/ to be availed by the Company and/or its Subsidiary Companies by way of loan (in foreign currency and/ or Indian Rupee) and/ or securities (comprising fully/ partly convertible debentures and/ or non-convertible debentures) or other instruments issued/ to be issued by the Company and/ or its subsidiary Companies from time to time for an amount not exceeding Rs. 4000 crore (Rupees Four thousand crore only) together with interest, costs, charges, expenses, remuneration of trustees and all other monies payableCompany be and is hereby accorded to invite/ accept/ renew from time to time unsecured/ secureddeposits from public and/ or members of the Company upto permissible limits as prescribed under Rule 3(4) of the Companies (Acceptance of Deposits) Rules, 2014To receive, consider and adopt the Financial Statements of the Company for the year ended 31 March, 2014 includingaudited Balance Sheet as at 31 March, 2014 and the Statement of Profit and Loss for the year ended on that date andthe reports of the Board of Directors (“the Board”) and Auditors thereon.To appoint a Director in place of Mr. Seturaman Mahalingam, who retires by rotation and, being eligible, offers himselffor re-appointment.To appoint Auditors for a term of three years up to the conclusion of the 41st Annual General Meeting to be held in theyear 2017 and fix their remuneration.declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible forappointment, be and is hereby appointed as an Independent Director of the Company, with effect from 23 June, 2014declaration that she meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible forappointment, be and is hereby appointed as Independent Director of the Company, with effect from 23 June, 2014 upsubmitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and whois eligible for appointment, be and is hereby appointed as Independent Director of the Company, with effect from 23declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible forappointment, be and is hereby appointed as an Independent Director of the Company, with effect from 23 June, 2014remuneration to Mr Ravindra Pisharody, ExecutiveDirector (Commercial Vehicles) in case of inadequacyof profits and ratification of the excess remunerationApproval for payment of minimum remuneration to Mr Satish Borwankar, ExecutiveDirector - (Quality) in case of inadequacy of profits and ratification of the excess remuneration paid forthe financial year ended March 31, 2014Approval and ratification of the excess remuneration paid to (late) Mr Karl Slym, ManagingDirector/ his legal heir in view of inadequacy of profits for the financial year ended March 31, 2014

To offer or invite for Subscription of Non-Convertible Debentures on private placementbasis

30-Jun-14 ICICI Bank Limited AGM ManagemenTo declare d30-Jun-14 ICICI Bank Limited AGM ManagemenTo appoint a30-Jun-14 ICICI Bank Limited AGM ManagemenB S R & Co. 30-Jun-14 ICICI Bank Limited AGM ManagemenTo appoint b30-Jun-14 ICICI Bank Limited AGM ManagemenMr. V. K. S30-Jun-14 ICICI Bank Limited AGM Managemen30-Jun-14 ICICI Bank Limited AGM ManagemenSubstituitio30-Jun-14 ICICI Bank Limited AGM Managemen30-Jun-14 ICICI Bank Limited AGM ManagemenBorrowings b27-Jun-14 Indusind Bank AGM ManagemenTo receive, 27-Jun-14 Indusind Bank AGM ManagemenTo declare 27-Jun-14 Indusind Bank AGM ManagemenTo appoint a27-Jun-14 Indusind Bank AGM ManagemenM/s. B SR &27-Jun-14 Indusind Bank AGM ManagemenAppointment27-Jun-14 Indusind Bank AGM ManagemenAppointment 27-Jun-14 Indusind Bank AGM ManagemenAppointment27-Jun-14 Indusind Bank AGM ManagemenAppointment27-Jun-14 Indusind Bank AGM ManagemenAppointment24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo consider24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo declare f24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo appoint a24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo appoint a24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo re-appoin24-Jun-14 Hindustan Zinc Limited AGM ManagemenTo approve 24-Jun-14 Hindustan Zinc Limited AGM ManagemenM/s K.G. Go26-Jun-14 Allahabad Bank AGM ManagemenTo discuss, 27-Jun-14 Union Bank Of India AGM ManagemenTo discuss, 27-Jun-14 Union Bank Of India AGM ManagemenTo declare d27-Jun-14 Union Bank Of India AGM ManagemenTo Issue of 27-Jun-14 Union Bank Of India AGM ManagemenTo create, o27-Jun-14 Tata Consultancy Services Limited AGM ManagemenTo receive, 27-Jun-14 Tata Consultancy Services Limited AGM ManagemenTo confirm t27-Jun-14 Tata Consultancy Services Limited AGM ManagemenTo declare 27-Jun-14 Tata Consultancy Services Limited AGM ManagemenTo appoint a27-Jun-14 Tata Consultancy Services Limited AGM ManagemenDeloitte Has27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment27-Jun-14 Tata Consultancy Services Limited AGM ManagemenPayment of 27-Jun-14 Tata Consultancy Services Limited AGM ManagemenAppointment30-Jun-14 Punjab National Bank AGM ManagemenTo discuss, 30-Jun-14 Rallis India Limited AGM Managemen

Mr. Rajiv Sabharwal (DIN: 00057333),be re-appointed as a wholetime Director (designated as Executive Director) of the Company

Borrowings by the Board of Directors of the Company from time to time, of all moneys deemed by them to be requisite or proper for the purpose of carrying on the business of the Company, so however, that apart from deposits accepted in the ordinary course of business, temporary loans repayable on demand or within six months from the date of the loan or temporary loans, if any,obtained from the Company’s bankers, the total amount of such borrowings outstanding at any time shall not exceed Rs. 250,000 crore

To receive, consider and adopt the audited Statement of Profit and Loss for the year ended 31st March, 2014 and theBalance Sheet as at that date together with the Report of the Directors and that of the Auditors thereon

30-Jun-14 Rallis India Limited AGM ManagemenTo confirm t30-Jun-14 Rallis India Limited AGM ManagemenTo appoint a30-Jun-14 Rallis India Limited AGM ManagemenTo appoint A30-Jun-14 Rallis India Limited AGM ManagemenMr. B. D. B30-Jun-14 Rallis India Limited AGM ManagemenMr. E. A. K30-Jun-14 Rallis India Limited AGM ManagemenMr. Prakash30-Jun-14 Rallis India Limited AGM ManagemenDr. Y. S. P.30-Jun-14 Rallis India Limited AGM ManagemenDr. Punita 30-Jun-14 Rallis India Limited AGM ManagemenRevision in30-Jun-14 Rallis India Limited AGM ManagemenCompany her30-Jun-14 Rallis India Limited AGM ManagemenTo borrow a30-Jun-14 Rallis India Limited AGM ManagemenTo create su05-Jul-14 Sundaram Finance Ltd Postal Ballot ManagemenThe consent05-Jul-14 Sundaram Finance Ltd Postal Ballot ManagemenApproval of 16-Jul-14 Coal India Limited Postal Ballot ManagemenAmendment o03-Jul-14 State Bank Of India AGM ManagemenTo receive,

11-Jul-14 Larsen & Toubro Limited Postal Ballot ManagemenCreation of 11-Jul-14 Larsen & Toubro Limited Postal Ballot ManagemenIssue of equ11-Jul-14 Larsen & Toubro Limited Postal Ballot ManagemenPrivate pla11-Jul-14 Larsen & Toubro Limited Postal Ballot ManagemenAlteration o16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenTo receive a16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenTo appoint a16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenTo declare 16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenM/s. S. B. B16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenRe-appointm16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenRe-appointm16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenBoard of Dir16-Jul-14 Kotak Mahindra Bank Limited AGM ManagemenTo increase

11-Jul-14 Shobha Developers Limited AGM ManagemenTo receive, 11-Jul-14 Shobha Developers Limited AGM ManagemenTo declare 11-Jul-14 Shobha Developers Limited AGM ManagemenTo appoint a11-Jul-14 Shobha Developers Limited AGM ManagemenTo appoint M11-Jul-14 Shobha Developers Limited AGM ManagemenAppointment11-Jul-14 Shobha Developers Limited AGM ManagemenAppointment11-Jul-14 Shobha Developers Limited AGM ManagemenAppointment11-Jul-14 Shobha Developers Limited AGM ManagemenAppointment11-Jul-14 Shobha Developers Limited AGM ManagemenRevision of11-Jul-14 Shobha Developers Limited AGM ManagemenRe-appointm11-Jul-14 Shobha Developers Limited AGM ManagemenRe-appointm11-Jul-14 Shobha Developers Limited AGM ManagemenRemuneratio11-Jul-14 Shobha Developers Limited AGM ManagemenChange of n11-Jul-14 Shobha Developers Limited AGM ManagemenPower of Bo11-Jul-14 Shobha Developers Limited AGM ManagemenIssue of No10-Jul-14 Idea Cellular Limited EGM ManagemenTo Create, o12-Jul-14 PI Industries Limited Postal Ballot ManagemenAlteration

12-Jul-14 PI Industries Limited Postal Ballot ManagemenMerger of P12-Jul-14 PI Industries Limited Postal Ballot ManagemenTo borrow o12-Jul-14 PI Industries Limited Postal Ballot ManagemenCreation of12-Jul-14 PI Industries Limited Postal Ballot ManagemenMaking prov17-Jul-14 Housing Development Finance Corporation Limited Postal Ballot Managemen14-Jul-14 Zydus Wellness Limited AGM ManagemenTo receive,14-Jul-14 Zydus Wellness Limited AGM ManagemenTo declare 14-Jul-14 Zydus Wellness Limited AGM ManagemenTo appoint a14-Jul-14 Zydus Wellness Limited AGM ManagemenMr. Pankaj R14-Jul-14 Zydus Wellness Limited AGM ManagemenTo appoint 14-Jul-14 Zydus Wellness Limited AGM ManagemenMr. H. Dhan14-Jul-14 Zydus Wellness Limited AGM ManagemenDr. B. M. H14-Jul-14 Zydus Wellness Limited AGM ManagemenProf. Indir14-Jul-14 Zydus Wellness Limited AGM ManagemenArticles of 14-Jul-14 Zydus Wellness Limited AGM ManagemenRemuneratio21-Jul-14 Canara Bank AGM ManagemenTo discuss, 21-Jul-14 Canara Bank AGM ManagemenTo declare f21-Jul-14 Canara Bank AGM Managemen16-Jul-14 Bajaj Finance Limited AGM ManagemenTo consider16-Jul-14 Bajaj Finance Limited AGM ManagemenTo declare a16-Jul-14 Bajaj Finance Limited AGM Managemen16-Jul-14 Bajaj Finance Limited AGM ManagemenTo appoint 16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenAppointment16-Jul-14 Bajaj Finance Limited AGM ManagemenModificatio16-Jul-14 Bajaj Finance Limited AGM Managemen16-Jul-14 Bajaj Finance Limited AGM ManagemenIssue of no17-Jul-14 The Federal Bank Limited AGM ManagemenTo receive c17-Jul-14 The Federal Bank Limited AGM ManagemenTo declare a17-Jul-14 The Federal Bank Limited AGM ManagemenTo appoint a17-Jul-14 The Federal Bank Limited AGM ManagemenTo appoint M17-Jul-14 The Federal Bank Limited AGM ManagemenTo Appoint 17-Jul-14 The Federal Bank Limited AGM ManagemenShri Harish17-Jul-14 The Federal Bank Limited AGM ManagemenSmt. Grace 17-Jul-14 The Federal Bank Limited AGM ManagemenSmt. Shubha17-Jul-14 The Federal Bank Limited AGM ManagemenProf Abraha17-Jul-14 The Federal Bank Limited AGM ManagemenShri. Sudhi17-Jul-14 The Federal Bank Limited AGM ManagemenCA. Nilesh 17-Jul-14 The Federal Bank Limited AGM ManagemenShri. K M C

including the undertaking of the Corporation, under the provisions of Section180(1)(a) of the Companies Act, 2013.

To create, offer, issue and allot (including with provision for reservation on fi rm allotment and/or competitive basis of such part of issue and for such categories of persons as may be permitted by the law then applicable) by way of an offer document / prospectus or such other document, in India or abroad, such number of equity shares and / or preference shares, which together with the existing Paid-up Equity share capital of Rs. 461.26 crorewill be within Rs. 3000 Crore, being the ceiling in the Authorised Capital of the Bank

To appoint a director in place of Rahul Bajaj (DIN 00014529), chairman, who retires by rotation in terms of section 152(6) of theCompanies Act, 2013 and, being eligible, offers himself for re-appointment

Grant of options to employees of holding and/or subsidiary companies, under the amended Employee StockOption Scheme, 2009

17-Jul-14 The Federal Bank Limited AGM ManagemenShri. Dilip 17-Jul-14 The Federal Bank Limited AGM ManagemenTo approve 17-Jul-14 The Federal Bank Limited AGM ManagemenTo pay remu17-Jul-14 The Federal Bank Limited AGM ManagemenTo extend t17-Jul-14 The Federal Bank Limited AGM ManagemenTo Borrow m17-Jul-14 Bajaj Holdings & Investment Limited AGM Managemen17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenTo declare a17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenTo appoint a17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenDalal & Sha17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment17-Jul-14 Bajaj Holdings & Investment Limited AGM ManagemenAppointment25-Jul-14 Century Textiles & Industries Limited AGM ManagemenTo receive, 25-Jul-14 Century Textiles & Industries Limited AGM ManagemenTo declare 25-Jul-14 Century Textiles & Industries Limited AGM Managemen25-Jul-14 Century Textiles & Industries Limited AGM Managemen25-Jul-14 Century Textiles & Industries Limited AGM ManagemenSmt. Saralad25-Jul-14 Century Textiles & Industries Limited AGM ManagemenShri Yazdi 25-Jul-14 Century Textiles & Industries Limited AGM ManagemenShri Rajan 25-Jul-14 Century Textiles & Industries Limited AGM ManagemenShri Amal G25-Jul-14 Century Textiles & Industries Limited AGM ManagemenShri Pradip25-Jul-14 Century Textiles & Industries Limited AGM Managemen25-Jul-14 Century Textiles & Industries Limited AGM ManagemenTo create s25-Jul-14 Century Textiles & Industries Limited AGM ManagemenCompany be 25-Jul-14 Century Textiles & Industries Limited AGM ManagemenM/s. R. Nana25-Jul-14 Century Textiles & Industries Limited AGM ManagemenTo Consider18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenTo receive, 18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenTo cofirm t18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenTo declare D18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenTo appoint a18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenTo re-appoi18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenAct, Prof Su18-Jul-14 Zee Entertainment Enterprises Limited AGM Managemen(Mrs) Nehar18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenMr Subodh Ku18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenAppointment18-Jul-14 Zee Entertainment Enterprises Limited AGM ManagemenLord Gulam N24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo receive,24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Declare F24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint D24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint

To consider and adopt the audited Balance Sheet as at 31 March 2014 and the Statement of Profit and Loss for the year ended31 March 2014 and the Directors’ and Auditors’ Reports thereon

To appoint a Director in place of Shri Kumar Mangalam Birla (holding DIN 00012813) who retires from office by rotation,but being eligible, offers himself for re-electionTo appoint Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the nextAnnual General Meeting of the Company and to fix their remuneration

To borrow such sum or sums of monies in any manner from time to time as may be requiredfor the purpose of businesses of the Company any time shall not exceed the sum of Rs. 6000 crore

24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenTo Appoint 24-Jul-14 Dewan Housing Finance Corporation Limited AGM ManagemenApproval fo23-Jul-14 Alstom T&D India Limited AGM ManagemenTo receive, 23-Jul-14 Alstom T&D India Limited AGM ManagemenTo declare a23-Jul-14 Alstom T&D India Limited AGM ManagemenM/s S.N. Dh23-Jul-14 Alstom T&D India Limited AGM ManagemenMr. Subhashc23-Jul-14 Alstom T&D India Limited AGM ManagemenMr. Chandan 23-Jul-14 Alstom T&D India Limited AGM Managemen23-Jul-14 Alstom T&D India Limited AGM ManagemenThe consent 23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenTo receive, 23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenTo Declare 23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenTo appoint a23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenTo appoint A23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenTo decide th23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenAppointment23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenRe-appointm23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenShri K K Bal23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenShri N S Sri23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenShri B. Swa23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenDr V G Moha23-Jul-14 The Karur Vysya Bank Limited AGM ManagemenBank be and 17-Jul-14 Agro Tech Foods AGM ManagemenTo receive, 17-Jul-14 Agro Tech Foods AGM ManagemenTo declare a17-Jul-14 Agro Tech Foods AGM ManagemenTo appoint a17-Jul-14 Agro Tech Foods AGM ManagemenTo appoint 17-Jul-14 Agro Tech Foods AGM ManagemenMr. Javier E17-Jul-14 Agro Tech Foods AGM ManagemenLt. Gen D B 17-Jul-14 Agro Tech Foods AGM ManagemenMr. Sanjaya 17-Jul-14 Agro Tech Foods AGM ManagemenMr. Arun Bew17-Jul-14 Agro Tech Foods AGM ManagemenMr. Narendr17-Jul-14 Agro Tech Foods AGM ManagemenMs. Veena Vi17-Jul-14 Agro Tech Foods AGM ManagemenThe reappoi17-Jul-14 Agro Tech Foods AGM ManagemenM/s. Narasi23-Jul-14 Grindwell Norton Limited AGM ManagemenTo receive, 23-Jul-14 Grindwell Norton Limited AGM ManagemenTo declare 23-Jul-14 Grindwell Norton Limited AGM ManagemenTo appoint a23-Jul-14 Grindwell Norton Limited AGM ManagemenTo appoint a23-Jul-14 Grindwell Norton Limited AGM ManagemenTo appoint M23-Jul-14 Grindwell Norton Limited AGM ManagemenMr. Shivana23-Jul-14 Grindwell Norton Limited AGM ManagemenMr. Pradip 23-Jul-14 Grindwell Norton Limited AGM ManagemenMr. Keki M 23-Jul-14 Grindwell Norton Limited AGM ManagemenM/s. Rao, M

The Cost Auditors appointed by the Board of Directors of the Company, to conduct the audit of the cost records of the Company for the financial year ending March 31, 2015, be paid the remuneration as :6a) M/s Shome & Banerjee, Cost Accountants - Rs.5,00,000/- plus applicable taxes and out of pocket expenses. 6b) M/s Jugal K Puri & Associates, Cost Accountants - Rs. 35,000/- plus applicable taxes and out of pocket expenses.

23-Jul-14 Blue Dart Express Ltd AGM ManagemenTo receive, 23-Jul-14 Blue Dart Express Ltd AGM ManagemenTo confirm t23-Jul-14 Blue Dart Express Ltd AGM ManagemenTo appoint a23-Jul-14 Blue Dart Express Ltd AGM ManagemenTo appoint 23-Jul-14 Blue Dart Express Ltd AGM ManagemenMr. Sharad 23-Jul-14 Blue Dart Express Ltd AGM ManagemenMr. Suresh 23-Jul-14 Blue Dart Express Ltd AGM ManagemenTo revise r23-Jul-14 Blue Dart Express Ltd AGM ManagemenThe draft re23-Jul-14 Sundaram Finance Limited AGM ManagemenThe Audited23-Jul-14 Sundaram Finance Limited AGM ManagemenA dividend o23-Jul-14 Sundaram Finance Limited AGM ManagemenMr. Sri S Ra23-Jul-14 Sundaram Finance Limited AGM ManagemenSri Harsha V23-Jul-14 Sundaram Finance Limited AGM ManagemenMessrs. Brah23-Jul-14 Sundaram Finance Limited AGM ManagemenSri N Venka23-Jul-14 Sundaram Finance Limited AGM ManagemenMs Shobhana23-Jul-14 Sundaram Finance Limited AGM ManagemenSri S Mahal23-Jul-14 Sundaram Finance Limited AGM ManagemenSri A N Raju23-Jul-14 Wipro Limited AGM ManagemenTo consider23-Jul-14 Wipro Limited AGM ManagemenTo confirm t23-Jul-14 Wipro Limited AGM ManagemenRe-appoint M23-Jul-14 Wipro Limited AGM ManagemenTo appoint 23-Jul-14 Wipro Limited AGM ManagemenTo appoint 23-Jul-14 Wipro Limited AGM ManagemenTo appoint 23-Jul-14 Wipro Limited AGM ManagemenTo appoint 23-Jul-14 Wipro Limited AGM ManagemenTo consider23-Jul-14 Wipro Limited AGM ManagemenTo consider23-Jul-14 Wipro Limited AGM ManagemenTo consider23-Jul-14 Wipro Limited AGM ManagemenTo consider23-Jul-14 Wipro Limited AGM ManagemenTo consider 23-Jul-14 Wipro Limited AGM ManagemenTo approve 23-Jul-14 Wipro Limited AGM Managemen21-Jul-14 Va Tech Wabag Limited AGM ManagemenThe audited 21-Jul-14 Va Tech Wabag Limited AGM ManagemenThe audited21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo declare a21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint a21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint 21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint 21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint 21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint 21-Jul-14 Va Tech Wabag Limited AGM ManagemenTo appoint 21-Jul-14 Va Tech Wabag Limited AGM ManagemenRevision in22-Jul-14 Wabco India Limited AGM ManagemenThe audited 22-Jul-14 Wabco India Limited AGM ManagemenA dividend o22-Jul-14 Wabco India Limited AGM ManagemenMr Trevor Lu22-Jul-14 Wabco India Limited AGM ManagemenMessrs S.R.

To consider approval for amendments to Wipro Employee Restricted Stock Unit Plan 2004 (“RSU Plan 2004”), WiproEmployee Restricted Stock Unit Plan 2005 (“RSU Plan 2005”), Wipro Employee Restricted Stock Unit Plan 2007 (“RSU Plan 2007”) and Wipro Equity Reward Trust Employee Stock Purchase Plan 2013 (WERT ESPS 2013) and to Wipro Equity Reward Trust (WERT)

22-Jul-14 Wabco India Limited AGM ManagemenMr M Lakshm22-Jul-14 Wabco India Limited AGM ManagemenMr D E Udwa22-Jul-14 Wabco India Limited AGM ManagemenMr Narayan 22-Jul-14 Wabco India Limited AGM ManagemenMr P Kaniap22-Jul-14 Wabco India Limited AGM ManagemenThe Company22-Jul-14 Thermax Limited AGM ManagemenTo consider 22-Jul-14 Thermax Limited AGM ManagemenTo declare d22-Jul-14 Thermax Limited AGM ManagemenTo appoint a22-Jul-14 Thermax Limited AGM ManagemenMr. Tapan Mi22-Jul-14 Thermax Limited AGM ManagemenM/s. B.K. K22-Jul-14 Thermax Limited AGM ManagemenPayment of 22-Jul-14 Thermax Limited AGM ManagemenDr. Jairam 22-Jul-14 Thermax Limited AGM ManagemenDr. Valenti22-Jul-14 Thermax Limited AGM ManagemenDr. Raghuna22-Jul-14 Thermax Limited AGM ManagemenMr. Nawshir22-Jul-14 Thermax Limited AGM ManagemenM/s. Dhananj18-Jul-14 Info Edge (India) Ltd AGM ManagemenTo receive, 18-Jul-14 Info Edge (India) Ltd AGM ManagemenTo declare a18-Jul-14 Info Edge (India) Ltd AGM ManagemenTo appoint a18-Jul-14 Info Edge (India) Ltd AGM ManagemenTo appoint 18-Jul-14 Info Edge (India) Ltd AGM ManagemenTo appoint B18-Jul-14 Info Edge (India) Ltd AGM ManagemenMr. Saurabh18-Jul-14 Info Edge (India) Ltd AGM ManagemenMr. Naresh 18-Jul-14 Info Edge (India) Ltd AGM ManagemenMr. Arun Du18-Jul-14 Info Edge (India) Ltd AGM ManagemenMr. Ashish 18-Jul-14 Info Edge (India) Ltd AGM ManagemenMs. Bala De21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenTo receive, 21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenTo declare d21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenTo appoint a21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenTo appoint a21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment 21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment 21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenAppointment21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenRevision in 21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenRe-appointm21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenRe-appointme21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenPayment of c21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenApproving th21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenIssuance of21-Jul-14 Housing Development Finance Corporation Limited AGM ManagemenIssue of sh

30-Jul-14 Infosys Limited EGM ManagemenDr. Vishal S30-Jul-14 Infosys Limited EGM ManagemenK. V. Kamath30-Jul-14 Infosys Limited EGM ManagemenR. Seshasaye30-Jul-14 ITC Limited AGM ManagemenTo consider 30-Jul-14 ITC Limited AGM ManagemenTo declare d30-Jul-14 ITC Limited AGM ManagemenTo appoint a30-Jul-14 ITC Limited AGM ManagemenMessrs. Delo30-Jul-14 ITC Limited AGM ManagemenIn terms of30-Jul-14 ITC Limited AGM ManagemenThe consent 30-Jul-14 ITC Limited AGM ManagemenMr. Nakul An30-Jul-14 ITC Limited AGM ManagemenMr. Pradeep 30-Jul-14 ITC Limited AGM ManagemenMr. Shilabh30-Jul-14 ITC Limited AGM ManagemenMr. Robert E30-Jul-14 ITC Limited AGM ManagemenMr. Suryakan30-Jul-14 ITC Limited AGM ManagemenAny Member, 30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenTo receive, 30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenTo confirm t30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenTo appoint a30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenTo appoint 30-Jul-14 Torrent Pharmaceuticals Limited AGM Managementhe consent30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenShri Shaile30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenShri Haigre30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenShri Pradee30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenShri Ashish30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenSmt. Bhavna30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenThe appoint30-Jul-14 Torrent Pharmaceuticals Limited AGM ManagemenDr. Chaitan30-Jul-14 TATA Steel Limited Postal Ballot ManagemenIncrease in 30-Jul-14 TATA Steel Limited Postal Ballot ManagemenCreation of30-Jul-14 TATA Steel Limited Postal Ballot ManagemenFurther Issu30-Jul-14 Cadila Healthcare Limited AGM ManagemenTo receive,30-Jul-14 Cadila Healthcare Limited AGM ManagemenTo declare d30-Jul-14 Cadila Healthcare Limited AGM ManagemenTo appoint a30-Jul-14 Cadila Healthcare Limited AGM ManagemenTo appoint 30-Jul-14 Cadila Healthcare Limited AGM ManagemenMr. H. Dhan30-Jul-14 Cadila Healthcare Limited AGM ManagemenMr. Nitin R30-Jul-14 Cadila Healthcare Limited AGM ManagemenMs. D. N. R30-Jul-14 Cadila Healthcare Limited AGM ManagemenThe consent30-Jul-14 Cadila Healthcare Limited AGM ManagemenThe consent30-Jul-14 Cadila Healthcare Limited AGM Managemen30-Jul-14 Cadila Healthcare Limited AGM ManagemenArticles of 28-Jul-14 Torrent Power Limited AGM ManagemenTo receive, 28-Jul-14 Torrent Power Limited AGM ManagemenTo declare d28-Jul-14 Torrent Power Limited AGM ManagemenTo appoint a28-Jul-14 Torrent Power Limited AGM ManagemenM/s. Deloit

Approval of the members be and is hereby accorded to authorize the Board of Directors of the Company to offer and invite subscription for the Secured Redeemable Non-convertible Debentures [“Bonds”], to the extent of INR 3500.

28-Jul-14 Torrent Power Limited AGM ManagemenShri R. Ravi28-Jul-14 Torrent Power Limited AGM ManagemenShri. Panka28-Jul-14 Torrent Power Limited AGM ManagemenShri. Samir28-Jul-14 Torrent Power Limited AGM ManagemenShri. Kiran28-Jul-14 Torrent Power Limited AGM ManagemenShri. Keki 28-Jul-14 Torrent Power Limited AGM ManagemenSmt. Renu C28-Jul-14 Torrent Power Limited AGM ManagemenThe appoint28-Jul-14 Torrent Power Limited AGM ManagemenThe appoint28-Jul-14 Torrent Power Limited AGM ManagemenThe appoint28-Jul-14 Torrent Power Limited AGM ManagemenM/s. Kirit 28-Jul-14 Torrent Power Limited AGM ManagemenCompany be 24-Jul-14 DB Corp Limited AGM ManagemenTo receive, 24-Jul-14 DB Corp Limited AGM ManagemenTo declare F24-Jul-14 DB Corp Limited AGM ManagemenTo appoint a24-Jul-14 DB Corp Limited AGM ManagemenTo appoint S24-Jul-14 DB Corp Limited AGM ManagemenTo approve 24-Jul-14 DB Corp Limited AGM ManagemenMr. Piyush 24-Jul-14 DB Corp Limited AGM ManagemenMr. Harish 24-Jul-14 DB Corp Limited AGM ManagemenMr. Kailash24-Jul-14 DB Corp Limited AGM ManagemenMr. Ashwani24-Jul-14 DB Corp Limited AGM ManagemenTo borrow m24-Jul-14 DB Corp Limited AGM ManagemenArticles of 31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenThe stateme31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenThe interim31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenMr. L.Ramkum31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenM/s. Deloit31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenMr. Nalin M31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenMr. M.B.N. 31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenMr. Indresh31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenMr. V. Srin31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenThe consent31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenThe Memoran31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM ManagemenThe relevan31-Jul-14 Cholamandalam Investment and Finance Company LimiteAGM Managemenconsent of t28-Jul-14 Ramco Cements Limited AGM Managemen28-Jul-14 Ramco Cements Limited AGM ManagemenTo declare 28-Jul-14 Ramco Cements Limited AGM ManagemenTo appoint 28-Jul-14 Ramco Cements Limited AGM ManagemenArticle 11928-Jul-14 Ramco Cements Limited AGM ManagemenShri.P.R.Ram28-Jul-14 Ramco Cements Limited AGM ManagemenAppointment 28-Jul-14 Ramco Cements Limited AGM ManagemenAppointment28-Jul-14 Ramco Cements Limited AGM ManagemenAppointment28-Jul-14 Ramco Cements Limited AGM Managemen28-Jul-14 Ramco Cements Limited AGM ManagemenRegister of28-Jul-14 Blue Star Limited AGM ManagemenTo receive a

To receive, consider and adopt the Statement of Profit & Loss and Cash Flow Statement for the year ended31st March 2014 and the Balance Sheet as at that date and the Reports of the Directors and the Auditors thereon

Company be and is hereby accorded to the Board of Directors of the Company for borrowing from time to time anysum or sums of money which together with the moneys shall not at any time exceed Rs.5,000 Crores

28-Jul-14 Blue Star Limited AGM ManagemenTo declare d28-Jul-14 Blue Star Limited AGM ManagemenTo appoint a28-Jul-14 Blue Star Limited AGM ManagemenM/s. SRBC &28-Jul-14 Blue Star Limited AGM ManagemenMs. Shobana28-Jul-14 Blue Star Limited AGM ManagemenMr. Pradeep28-Jul-14 Blue Star Limited AGM ManagemenMr. Gurdeep28-Jul-14 Blue Star Limited AGM ManagemenMr. Shailes28-Jul-14 Blue Star Limited AGM ManagemenMr. M.K Sha28-Jul-14 Blue Star Limited AGM ManagemenThe appointm28-Jul-14 Blue Star Limited AGM ManagemenThe remunera28-Jul-14 Blue Star Limited AGM ManagemenThe conset 31-Jul-14 TATA Motors Limited AGM ManagemenTo receive, 31-Jul-14 TATA Motors Limited AGM ManagemenTo declare a31-Jul-14 TATA Motors Limited AGM ManagemenTo appoint a31-Jul-14 TATA Motors Limited AGM ManagemenM/s Deloitte31-Jul-14 TATA Motors Limited AGM ManagemenMr Nusli Wa31-Jul-14 TATA Motors Limited AGM ManagemenDr Raghunat31-Jul-14 TATA Motors Limited AGM ManagemenMr Nasser M31-Jul-14 TATA Motors Limited AGM ManagemenMr Subodh B31-Jul-14 TATA Motors Limited AGM ManagemenMr Vineshku31-Jul-14 TATA Motors Limited AGM ManagemenMs Falguni 31-Jul-14 TATA Motors Limited AGM ManagemenPayment of R31-Jul-14 TATA Motors Limited AGM ManagemenInvitation 31-Jul-14 Shoppers Shop Limited AGM ManagemenTo receive, 31-Jul-14 Shoppers Shop Limited AGM ManagemenTo declare a31-Jul-14 Shoppers Shop Limited AGM ManagemenTo appoint a31-Jul-14 Shoppers Shop Limited AGM ManagemenDeloitte Has31-Jul-14 Shoppers Shop Limited AGM ManagemenMr. Avnish 31-Jul-14 Shoppers Shop Limited AGM ManagemenMs. Abanti 31-Jul-14 Shoppers Shop Limited AGM ManagemenMr. Govind 31-Jul-14 Shoppers Shop Limited AGM ManagemenMr. Nirvik 31-Jul-14 Shoppers Shop Limited AGM ManagemenMr. Deepak 31-Jul-14 Shoppers Shop Limited AGM ManagemenProf. Nitin30-Jul-14 Lupin Limited AGM ManagemenTo receive, 30-Jul-14 Lupin Limited AGM ManagemenTo confirm t30-Jul-14 Lupin Limited AGM ManagemenTo appoint a30-Jul-14 Lupin Limited AGM ManagemenAs recommen30-Jul-14 Lupin Limited AGM ManagemenDr. Vijay Ke30-Jul-14 Lupin Limited AGM ManagemenMr. Richard30-Jul-14 Lupin Limited AGM ManagemenMr. R. A. S30-Jul-14 Lupin Limited AGM ManagemenDr. K. U. M30-Jul-14 Lupin Limited AGM ManagemenMr. Dileep 30-Jul-14 Lupin Limited AGM ManagemenMr. S. D. S30-Jul-14 Lupin Limited AGM ManagemenThe Articles30-Jul-14 Mphasis Limited AGM ManagemenTo receive,

30-Jul-14 Mphasis Limited AGM ManagemenTo declare a30-Jul-14 Mphasis Limited AGM ManagemenTo appoint a30-Jul-14 Mphasis Limited AGM ManagemenTo appoint a30-Jul-14 Mphasis Limited AGM ManagemenS R Batliboi30-Jul-14 Mphasis Limited AGM ManagemenMr. Stefan A30-Jul-14 Mphasis Limited AGM ManagemenThe approval30-Jul-14 Mphasis Limited AGM ManagemenThe approval01-Aug-14 Cummins India Limited AGM Managemen01-Aug-14 Cummins India Limited AGM ManagemenTo declare f01-Aug-14 Cummins India Limited AGM Managemen01-Aug-14 Cummins India Limited AGM Managemen01-Aug-14 Cummins India Limited AGM ManagemenTo appoint A01-Aug-14 Cummins India Limited AGM ManagemenMr. Rajasek01-Aug-14 Cummins India Limited AGM ManagemenMr. Mark Sm01-Aug-14 Cummins India Limited AGM ManagemenMr. Priya S01-Aug-14 Cummins India Limited AGM ManagemenMr. Venu Sr01-Aug-14 Cummins India Limited AGM ManagemenMr. Rajeev 01-Aug-14 Cummins India Limited AGM ManagemenMr. Nasser 01-Aug-14 Cummins India Limited AGM ManagemenMr. Prakash01-Aug-14 Cummins India Limited AGM ManagemenMr. Pradeep01-Aug-14 Cummins India Limited AGM ManagemenCompany be a01-Aug-14 Cummins India Limited AGM ManagemenCompany be a01-Aug-14 Cummins India Limited AGM ManagemenCompany be a31-Jul-14 Astra Microwave Projects Limited AGM ManagemenTo receive,31-Jul-14 Astra Microwave Projects Limited AGM ManagemenTo declare a31-Jul-14 Astra Microwave Projects Limited AGM ManagemenTo appoint a31-Jul-14 Astra Microwave Projects Limited AGM ManagemenTo appoint 31-Jul-14 Astra Microwave Projects Limited AGM ManagemenDr. Shiban K31-Jul-14 Astra Microwave Projects Limited AGM ManagemenMr. J. Venk31-Jul-14 Astra Microwave Projects Limited AGM Managemen31-Jul-14 Astra Microwave Projects Limited AGM Managemen31-Jul-14 Astra Microwave Projects Limited AGM ManagemenPayment of 31-Jul-14 Astra Microwave Projects Limited AGM ManagemenCompany be a31-Jul-14 Astra Microwave Projects Limited AGM ManagemenCompany, fo31-Jul-14 Astra Microwave Projects Limited AGM ManagemenAuthorised S31-Jul-14 Astra Microwave Projects Limited AGM ManagemenThe consent31-Jul-14 Astra Microwave Projects Limited AGM ManagemenThe consent 31-Jul-14 Astra Microwave Projects Limited AGM ManagemenThe consent 31-Jul-14 Astra Microwave Projects Limited AGM ManagemenTo pay a Re01-Aug-14 Titan Company Limited AGM ManagemenTo receive, 01-Aug-14 Titan Company Limited AGM ManagemenTo declare d01-Aug-14 Titan Company Limited AGM ManagemenTo appoint a01-Aug-14 Titan Company Limited AGM ManagemenTo appoint a01-Aug-14 Titan Company Limited AGM ManagemenM/s. Deloit01-Aug-14 Titan Company Limited AGM ManagemenMr. T. K. Ba

To receive, consider and adopt the Audited Statement of Profit and Loss for the year ended March 31, 2014 and theBalance Sheet as at that date along with the Reports of the Directors and the Auditors thereon.

To appoint a Director in place of Mr. Casimiro Antonio Vieira Leitao (holding DIN 05336740), who retires by rotation andbeing eligible offers himself for re-appointmentTo appoint a Director in place of Mr. Edward Phillip Pence (holding DIN 06577765), who retires by rotation and beingeligible offers himself for re-appointment

Mr.T.Ramachandru (holding DIN 02000451) be and is hereby appointed as an Independent Director of theCompanyMr.U.K.Kalyanaramudu (holding DIN 05227194) be and is hereby appointed as a Director of the Company whoseperiod of office shall be liable to determination by retirement of directors by rotation

01-Aug-14 Titan Company Limited AGM ManagemenDr. C. G Kr01-Aug-14 Titan Company Limited AGM ManagemenMs. Vinita 01-Aug-14 Titan Company Limited AGM ManagemenMrs. Hema R01-Aug-14 Titan Company Limited AGM ManagemenProf. Das N01-Aug-14 Titan Company Limited AGM ManagemenMrs. Ireena01-Aug-14 Titan Company Limited AGM ManagemenMr. C. V. S01-Aug-14 Titan Company Limited AGM ManagemenThe company01-Aug-14 Titan Company Limited AGM ManagemenThe appoint01-Aug-14 Titan Company Limited AGM ManagemenThe provisi02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenTo consider02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenTo declare D02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenTo appoint D02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenTo fix the r02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenMr. Vikrant02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenThe concerne02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenThe consent(02-Aug-14 Jammu & Kashmir Bank Limited AGM ManagemenThe approval01-Aug-14 Tech Mahindra Limited AGM ManagemenTo receive, 01-Aug-14 Tech Mahindra Limited AGM ManagemenTo declare d01-Aug-14 Tech Mahindra Limited AGM ManagemenTo appoint a01-Aug-14 Tech Mahindra Limited AGM ManagemenTo appoint M01-Aug-14 Tech Mahindra Limited AGM ManagemenMr. Anupam P01-Aug-14 Tech Mahindra Limited AGM ManagemenMr. M. Damod01-Aug-14 Tech Mahindra Limited AGM ManagemenMr. Ravindra01-Aug-14 Tech Mahindra Limited AGM ManagemenMr. T. N. Ma01-Aug-14 Tech Mahindra Limited AGM ManagemenMrs. M. Rajy01-Aug-14 Tech Mahindra Limited AGM ManagemenThe Article01-Aug-14 Tech Mahindra Limited AGM ManagemenThe approval01-Aug-14 Tech Mahindra Limited AGM ManagemenThe approval01-Aug-14 Tech Mahindra Limited AGM Managemen05-Aug-14 Hero MotoCorp Limited AGM ManagemenTo receive, 05-Aug-14 Hero MotoCorp Limited AGM ManagemenTo declare a05-Aug-14 Hero MotoCorp Limited AGM ManagemenTo appoint a05-Aug-14 Hero MotoCorp Limited AGM ManagemenTo appoint M05-Aug-14 Hero MotoCorp Limited AGM ManagemenMr. Pradeep05-Aug-14 Hero MotoCorp Limited AGM ManagemenGen. (Retd.)05-Aug-14 Hero MotoCorp Limited AGM ManagemenMr. Ravi Na05-Aug-14 Hero MotoCorp Limited AGM ManagemenDr. Anand C05-Aug-14 Hero MotoCorp Limited AGM ManagemenDr. Pritam 05-Aug-14 Hero MotoCorp Limited AGM ManagemenMr. M. Damo05-Aug-14 Hero MotoCorp Limited AGM ManagemenThe approval05-Aug-14 Hero MotoCorp Limited AGM ManagemenThe existin05-Aug-14 Hero MotoCorp Limited AGM ManagemenThe consent04-Aug-14 Bata India Limited EGM ManagemenTo receive, 04-Aug-14 Bata India Limited EGM ManagemenTo declare a

the consent of the Company be accorded to the Board of Directors of the Company to enter into related party transaction(s) with Tech Mahindra(Americas) Inc. USA, a wholly owned subsidiary of the Company, which are commercial transactions in the ordinary course of the business and are at arm’s length, being material in nature as detailed in the explanatory statement to the Notice.

04-Aug-14 Bata India Limited EGM ManagemenTo appoint a04-Aug-14 Bata India Limited EGM ManagemenTo appoint M04-Aug-14 Bata India Limited EGM ManagemenMr. Pradeep04-Aug-14 Bata India Limited EGM ManagemenGen. (Retd.)04-Aug-14 Bata India Limited EGM ManagemenMr. Ravi Na04-Aug-14 Bata India Limited EGM ManagemenDr. Anand C04-Aug-14 Bata India Limited EGM ManagemenDr. Pritam 04-Aug-14 Bata India Limited EGM ManagemenMr. M. Damo26-Jul-14 Persistent Systems Limited AGM ManagemenTo receive, 26-Jul-14 Persistent Systems Limited AGM ManagemenTo declare a26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo adopt ne26-Jul-14 Persistent Systems Limited AGM ManagemenThe approval26-Jul-14 Persistent Systems Limited AGM ManagemenThe approva26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint 26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint 26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint D26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo appoint M26-Jul-14 Persistent Systems Limited AGM ManagemenTo approve r26-Jul-14 Persistent Systems Limited AGM ManagemenTo approve 26-Jul-14 Persistent Systems Limited AGM ManagemenTo resolve, 06-Aug-14 Lakshmi Machine Works Limited AGM Managemen06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenTo declare a06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenTo appoint a06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenTo appoint A06-Aug-14 Lakshmi Machine Works Limited AGM Managemen06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenSri.Basavara06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenSri.Aditya H06-Aug-14 Lakshmi Machine Works Limited AGM Managemen06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenCompany be a06-Aug-14 Lakshmi Machine Works Limited AGM ManagemenReappointmen06-Aug-14 UltraTech Cement Limited AGM ManagemenTo receive, 06-Aug-14 UltraTech Cement Limited AGM ManagemenTo declare 06-Aug-14 UltraTech Cement Limited AGM ManagemenTo appoint a06-Aug-14 UltraTech Cement Limited AGM ManagemenDeloitte Ha06-Aug-14 UltraTech Cement Limited AGM ManagemenM/s. Haribh06-Aug-14 UltraTech Cement Limited AGM ManagemenThe Cost Au06-Aug-14 UltraTech Cement Limited AGM ManagemenMr. Arun Ad06-Aug-14 UltraTech Cement Limited AGM ManagemenMr. R. C. Bh06-Aug-14 UltraTech Cement Limited AGM ManagemenMr. G. M. D06-Aug-14 UltraTech Cement Limited AGM ManagemenMr. S. B. M

To consider the Statement of Profit and Loss for the financial year ended 31st March, 2014, the Balance Sheetas at that date, the Report of the Board of Directors and the Report of the Auditors

Sri.M.V.Subbiah as a candidate for the office of Independent Director of the Company, be and is hereby appointed as anIndependent Director to hold office for a period of one year from the conclusion of this AGM and he is not liable to retire by rotation

Dr.Mukund Govind Rajan as a candidate for the office of Independent Director of the Company, be and is herebyappointed as an Independent Director to hold office for a period of five years from the conclusion of this AGMand he is not liable to retire by rotation

06-Aug-14 UltraTech Cement Limited AGM ManagemenMr. S. Rajg06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo receive, 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo declare d06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint a06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint a06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo ratify th06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo appoint 06-Aug-14 Amara Raja Batteries Limited AGM ManagemenTo authoirse08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenTo receive, 08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenTo declare a08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Narayan08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. A. K. Na08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMessrs Delo08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. M. M. M08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Deepak 08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Nadir B08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. R. K. K08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Anupam 08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenDr. Vishakh08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Vikram 08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. Bharat D08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMr. S. B. Ma08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenDr. Pawan G08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenThe appoint08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenMessrs N. I08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenThe consent08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenThe consent08-Aug-14 Mahindra & Mahindra Limited AGM ManagemenThe approval07-Aug-14 Glaxosmithkline Consumer Healthcare Limited AGM ManagemenTo consider 07-Aug-14 Glaxosmithkline Consumer Healthcare Limited AGM ManagemenTo declare a07-Aug-14 Glaxosmithkline Consumer Healthcare Limited AGM ManagemenM/s. Price

08-Aug-14 Triveni Turbine Limited AGM ManagemenTo receive, 08-Aug-14 Triveni Turbine Limited AGM ManagemenTo confirm t08-Aug-14 Triveni Turbine Limited AGM ManagemenTo appoint a08-Aug-14 Triveni Turbine Limited AGM ManagemenM/s J.C.Bha08-Aug-14 Triveni Turbine Limited AGM Managemen08-Aug-14 Triveni Turbine Limited AGM ManagemenDr. (Mrs.) V08-Aug-14 Triveni Turbine Limited AGM ManagemenLt Gen K.K. 08-Aug-14 Triveni Turbine Limited AGM Managemen

M/s Virmani & Associates be and are hereby appointed as Branch Auditors of the Company, to audit the accountsof the Company’s branch office in India on a remuneration including terms of payment to be fixed by the Board of Directors of the Company

Mr. Amal Ganguli, be and is hereby appointed as an Independent Director of the Company not liable to retireby rotation

08-Aug-14 Triveni Turbine Limited AGM ManagemenMr. Shekhar 08-Aug-14 Triveni Turbine Limited AGM ManagemenCompany be 08-Aug-14 Triveni Turbine Limited AGM ManagemenMr. Dhruv M08-Aug-14 Triveni Turbine Limited AGM ManagemenConsent of t

12-Aug-14 Entertainment Network (India) Limited AGM ManagemenTo receive, 12-Aug-14 Entertainment Network (India) Limited AGM ManagemenTo declare d12-Aug-14 Entertainment Network (India) Limited AGM ManagemenTo appoint a12-Aug-14 Entertainment Network (India) Limited AGM ManagemenTo appoint a12-Aug-14 Entertainment Network (India) Limited AGM ManagemenS. R. Batlib12-Aug-14 Entertainment Network (India) Limited AGM ManagemenCost Audito12-Aug-14 Entertainment Network (India) Limited AGM ManagemenRe-designat12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Entertainment Network (India) Limited AGM ManagemenAppointment12-Aug-14 Britannia Industries Limited AGM ManagemenTo receive, 12-Aug-14 Britannia Industries Limited AGM ManagemenTo declare d12-Aug-14 Britannia Industries Limited AGM ManagemenTo appoint a12-Aug-14 Britannia Industries Limited AGM ManagemenTo appoint a12-Aug-14 Britannia Industries Limited AGM ManagemenTo appoint S12-Aug-14 Britannia Industries Limited AGM ManagemenMr. Varun Be12-Aug-14 Britannia Industries Limited AGM ManagemenAppointment12-Aug-14 Britannia Industries Limited AGM ManagemenAppointment12-Aug-14 Britannia Industries Limited AGM ManagemenTo revise t12-Aug-14 Britannia Industries Limited AGM ManagemenMrs. Ranjana12-Aug-14 Britannia Industries Limited AGM ManagemenDr. Ajai Pu12-Aug-14 Britannia Industries Limited AGM ManagemenMr. Keki Da12-Aug-14 Britannia Industries Limited AGM ManagemenMr. Avijit 12-Aug-14 Britannia Industries Limited AGM ManagemenMr. Nimesh 12-Aug-14 Britannia Industries Limited AGM ManagemenMr. S. S. K12-Aug-14 Britannia Industries Limited AGM ManagemenMr. Nasser 12-Aug-14 Britannia Industries Limited AGM ManagemenDr. Vijay L12-Aug-14 Britannia Industries Limited AGM ManagemenMrs. Ranjan12-Aug-14 Britannia Industries Limited AGM ManagemenBoard had ap12-Aug-14 Britannia Industries Limited AGM ManagemenManaging Dir12-Aug-14 Britannia Industries Limited AGM ManagemenTo borrow f12-Aug-14 Britannia Industries Limited AGM ManagemenTo create s09-Aug-14 Emami Limited AGM ManagemenTo receive, 09-Aug-14 Emami Limited AGM ManagemenTo confirm t09-Aug-14 Emami Limited AGM ManagemenTo appoint a09-Aug-14 Emami Limited AGM ManagemenTo appoint a09-Aug-14 Emami Limited AGM ManagemenM/s. S.K.Ag09-Aug-14 Emami Limited AGM ManagemenShri Prasha

09-Aug-14 Emami Limited AGM ManagemenShri M.D. M09-Aug-14 Emami Limited AGM ManagemenShri K. N. 09-Aug-14 Emami Limited AGM ManagemenShri Y. P. T09-Aug-14 Emami Limited AGM ManagemenShri S. B. 09-Aug-14 Emami Limited AGM ManagemenShri A. K. 09-Aug-14 Emami Limited AGM ManagemenShri Sajjan09-Aug-14 Emami Limited AGM ManagemenVaidya Sure09-Aug-14 Emami Limited AGM ManagemenShri P. K. 09-Aug-14 Emami Limited AGM ManagemenThe appoint09-Aug-14 Emami Limited AGM ManagemenThe consent09-Aug-14 Emami Limited AGM ManagemenAlteration o09-Aug-14 Emami Limited AGM ManagemenThe Board o09-Aug-14 Emami Limited AGM ManagemenThe consent 14-Aug-14 Tata Steel Limited AGM ManagemenTo receive, 14-Aug-14 Tata Steel Limited AGM ManagemenTo declare 14-Aug-14 Tata Steel Limited AGM ManagemenTo appoint a14-Aug-14 Tata Steel Limited AGM ManagemenTo appoint a14-Aug-14 Tata Steel Limited AGM ManagemenDeloitte Ha14-Aug-14 Tata Steel Limited AGM ManagemenTo appoint a14-Aug-14 Tata Steel Limited AGM ManagemenThe appoint14-Aug-14 Tata Steel Limited AGM ManagemenMr. Nusli N14-Aug-14 Tata Steel Limited AGM ManagemenMr. Subodh 14-Aug-14 Tata Steel Limited AGM ManagemenMr. Jacobus14-Aug-14 Tata Steel Limited AGM ManagemenMrs. Mallik14-Aug-14 Tata Steel Limited AGM ManagemenMr. O. P. B14-Aug-14 Tata Steel Limited AGM ManagemenThe Company14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo receive, 14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo declare 14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo appoint a14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo re-appoi14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenReappointme14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo Appoint 14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo Appoint 14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo Appoint 14-Aug-14 VST Tilllers Tractors Limited AGM ManagemenTo Appoint 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenTo receive, 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenTo declare 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenTo appoint a12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenTo appoint 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenU.V. Rao , 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenR. Srinivas12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenPratap G. P12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenM. Lakshmin12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenDr. Naushad12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenMahesh R. C

12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenGauri Kirlo12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenAppointment 12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenRemuneration12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenBoard of Di12-Aug-14 Kirloskar Oil Engines Limited AGM ManagemenThe existing14-Aug-14 Whirlpool of India Limited AGM ManagemenTo receive, 14-Aug-14 Whirlpool of India Limited AGM ManagemenTo appoint a14-Aug-14 Whirlpool of India Limited AGM ManagemenTo appoint M14-Aug-14 Whirlpool of India Limited AGM ManagemenMr. Anand N14-Aug-14 Whirlpool of India Limited AGM ManagemenMr. Simon J14-Aug-14 Whirlpool of India Limited AGM ManagemenMr. Sanjiv 14-Aug-14 Whirlpool of India Limited AGM ManagemenMs. Sonu Bh14-Aug-14 Whirlpool of India Limited AGM Managemen14-Aug-14 Whirlpool of India Limited AGM Managemen14-Aug-14 Page Industries Limited AGM ManagemenTo consider 14-Aug-14 Page Industries Limited AGM ManagemenTo declare a14-Aug-14 Page Industries Limited AGM ManagemenTo appoint a14-Aug-14 Page Industries Limited AGM ManagemenTo appoint a14-Aug-14 Page Industries Limited AGM ManagemenM/s Haribha14-Aug-14 Page Industries Limited AGM ManagemenAppointment14-Aug-14 Page Industries Limited AGM ManagemenAppointment14-Aug-14 Page Industries Limited AGM ManagemenAppointment14-Aug-14 Page Industries Limited AGM ManagemenAppointment 14-Aug-14 Page Industries Limited AGM ManagemenAppointment14-Aug-14 Page Industries Limited AGM ManagemenTo approve 14-Aug-14 Page Industries Limited AGM ManagemenCompany to 14-Aug-14 Page Industries Limited AGM Managemen13-Aug-14 Tata Power Company Limited AGM ManagemenTo receive, 13-Aug-14 Tata Power Company Limited AGM ManagemenTo declare a13-Aug-14 Tata Power Company Limited AGM ManagemenTo appoint a13-Aug-14 Tata Power Company Limited AGM ManagemenDeloitte Ha13-Aug-14 Tata Power Company Limited AGM ManagemenMr. Ashok S13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment 13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenAppointment13-Aug-14 Tata Power Company Limited AGM ManagemenThe appoint13-Aug-14 Tata Power Company Limited AGM ManagemenThe consent 13-Aug-14 Tata Power Company Limited AGM ManagemenThe consent13-Aug-14 Tata Power Company Limited AGM ManagemenThe consent13-Aug-14 Tata Power Company Limited AGM ManagemenThe Board of13-Aug-14 Tata Power Company Limited AGM ManagemenThe Company

Variation in terms of remuneration of Mr. Arvind Uppal (holding DIN 104992) effective from 1st April,2014Re-appointment of M/s R. J. Goel & Co., Cost accountants as Cost auditor to audit the cost records maintained bythe Company for its manufacturing units located at Faridabad, Ranjangaon and Puducherry, for the financial year 2014 -15 on a remuneration of Rs. 2.50 Lacs plus service tax as applicable, be and is hereby ratified

Company be and is hereby accorded for the payment of a sum not exceeding Rs.30,00,000/- (Rupees Thirty lacs only), (excluding sitting fees) subject to the limit prescribed in the Companies Act, 2013, to be paid to and distributed amongstthe Directors of the Company or some or any of them

13-Aug-14 Tata Power Company Limited AGM ManagemenThe consent 13-Aug-14 ICRA Limited AGM ManagemenTo receive, 13-Aug-14 ICRA Limited AGM ManagemenTo declare 13-Aug-14 ICRA Limited AGM ManagemenTo appoint a13-Aug-14 ICRA Limited AGM ManagemenTo reappoint13-Aug-14 ICRA Limited AGM ManagemenTo reappoin13-Aug-14 ICRA Limited AGM ManagemenTo reappoin13-Aug-14 ICRA Limited AGM ManagemenTo reappoin13-Aug-14 ICRA Limited AGM ManagemenTo reappoin25-Aug-14 Astral Poly Technik Limited AGM ManagemenTo receive,25-Aug-14 Astral Poly Technik Limited AGM ManagemenTo confirm I25-Aug-14 Astral Poly Technik Limited AGM ManagemenTo declare 25-Aug-14 Astral Poly Technik Limited AGM ManagemenTo consider 25-Aug-14 Astral Poly Technik Limited AGM ManagemenM/s Deloitt25-Aug-14 Astral Poly Technik Limited AGM ManagemenReappointme25-Aug-14 Astral Poly Technik Limited AGM ManagemenCompany be a25-Aug-14 Astral Poly Technik Limited AGM ManagemenMr. K.R. Sh25-Aug-14 Astral Poly Technik Limited AGM ManagemenMr. Pradip 25-Aug-14 Astral Poly Technik Limited AGM ManagemenCompany be 25-Aug-14 Astral Poly Technik Limited AGM Managemen25-Aug-14 Divi's Laboratories Limited AGM ManagemenTo consider 25-Aug-14 Divi's Laboratories Limited AGM ManagemenTo declare d25-Aug-14 Divi's Laboratories Limited AGM ManagemenTo appoint a25-Aug-14 Divi's Laboratories Limited AGM ManagemenM/s. P.V.R.25-Aug-14 Divi's Laboratories Limited AGM ManagemenShri. K.V.K25-Aug-14 Divi's Laboratories Limited AGM ManagemenSmt. S. Srid25-Aug-14 Divi's Laboratories Limited AGM ManagemenDr. G. Sure25-Aug-14 Divi's Laboratories Limited AGM ManagemenShri. R. Ra25-Aug-14 Divi's Laboratories Limited AGM ManagemenThe approva25-Aug-14 Divi's Laboratories Limited AGM ManagemenThe re-appoi25-Aug-14 Divi's Laboratories Limited AGM ManagemenThe draft re22-Aug-14 UPL Limited AGM ManagemenTo consider22-Aug-14 UPL Limited AGM ManagemenTo declare d22-Aug-14 UPL Limited AGM ManagemenTo appoint a22-Aug-14 UPL Limited AGM ManagemenTo appoint a22-Aug-14 UPL Limited AGM ManagemenMessrs. S R22-Aug-14 UPL Limited AGM ManagemenMr. Pradeep22-Aug-14 UPL Limited AGM ManagemenDr. Venkata22-Aug-14 UPL Limited AGM ManagemenDr. Reena R22-Aug-14 UPL Limited AGM ManagemenMr. Pradip 22-Aug-14 UPL Limited AGM ManagemenMr. Vinod R22-Aug-14 UPL Limited AGM ManagemenMr. Suresh 22-Aug-14 UPL Limited AGM ManagemenM/s. RA & C22-Aug-14 UPL Limited AGM ManagemenThe consent 22-Aug-14 UPL Limited AGM ManagemenThe consent

To, create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such partof issue and for such categories of persons including employees of the Company, as may be permitted), in India equity shares of the Company with a face value of ` 1/- (Rupee One) each (the “Equity Shares”),

22-Aug-14 UPL Limited AGM ManagemenArticles of21-Aug-14 Tata Chemicals Limited AGM ManagemenTo receive, 21-Aug-14 Tata Chemicals Limited AGM ManagemenTo declare 21-Aug-14 Tata Chemicals Limited AGM ManagemenTo appoint a21-Aug-14 Tata Chemicals Limited AGM ManagemenDeloitte Ha21-Aug-14 Tata Chemicals Limited AGM ManagemenAppointment21-Aug-14 Tata Chemicals Limited AGM ManagemenAppointment21-Aug-14 Tata Chemicals Limited AGM ManagemenAppointment21-Aug-14 Tata Chemicals Limited AGM ManagemenAppointment21-Aug-14 Tata Chemicals Limited AGM ManagemenAppointment21-Aug-14 Tata Chemicals Limited AGM ManagemenRe-appointm21-Aug-14 Tata Chemicals Limited AGM ManagemenRe-appointm21-Aug-14 Tata Chemicals Limited AGM ManagemenThe Company21-Aug-14 Tata Chemicals Limited AGM ManagemenThe consent 21-Aug-14 Tata Chemicals Limited AGM ManagemenThe consent 21-Aug-14 Tata Chemicals Limited AGM ManagemenThe approval21-Aug-14 TTK Prestige Limited AGM ManagemenTo receive, 21-Aug-14 TTK Prestige Limited AGM ManagemenTo declare a21-Aug-14 TTK Prestige Limited AGM ManagemenTo appoint a21-Aug-14 TTK Prestige Limited AGM ManagemenTo appoint a21-Aug-14 TTK Prestige Limited AGM ManagemenTo appoint 21-Aug-14 TTK Prestige Limited AGM ManagemenR. Srinivasa21-Aug-14 TTK Prestige Limited AGM ManagemenCompany to b21-Aug-14 TTK Prestige Limited AGM ManagemenCompany be a22-Aug-14 TTK Healthcare Limited AGM ManagemenTo receive, 22-Aug-14 TTK Healthcare Limited AGM ManagemenTo declare 22-Aug-14 TTK Healthcare Limited AGM ManagemenTo appoint a22-Aug-14 TTK Healthcare Limited AGM ManagemenM/s Aiyar &22-Aug-14 TTK Healthcare Limited AGM Managementhe vacancy 22-Aug-14 TTK Healthcare Limited AGM ManagemenMr B N Bhag22-Aug-14 TTK Healthcare Limited AGM ManagemenDr (Mrs) Va22-Aug-14 TTK Healthcare Limited AGM ManagemenMr Girish R22-Aug-14 TTK Healthcare Limited AGM Managementhe remunera22-Aug-14 TTK Healthcare Limited AGM Managementhe consent22-Aug-14 TTK Healthcare Limited AGM Managementhe consent22-Aug-14 TTK Healthcare Limited AGM Managementhe Company 28-Aug-14 Engineers India Limited AGM ManagemenTo recevie,28-Aug-14 Engineers India Limited AGM ManagemenTo consider 28-Aug-14 Engineers India Limited AGM ManagemenTo appoint a28-Aug-14 Engineers India Limited AGM ManagemenTo appoint a28-Aug-14 Engineers India Limited AGM ManagemenTo fix remun25-Aug-14 Motherson Sumi System Limited AGM ManagemenTo receive, 25-Aug-14 Motherson Sumi System Limited AGM ManagemenTo declare 25-Aug-14 Motherson Sumi System Limited AGM ManagemenTo appoint a25-Aug-14 Motherson Sumi System Limited AGM ManagemenM/s. Price

25-Aug-14 Motherson Sumi System Limited AGM ManagemenMr. Hideaki 25-Aug-14 Motherson Sumi System Limited AGM ManagemenMs. Geeta M25-Aug-14 Motherson Sumi System Limited AGM ManagemenMaj. Gen. A25-Aug-14 Motherson Sumi System Limited AGM ManagemenMr. S.C. Tr25-Aug-14 Motherson Sumi System Limited AGM ManagemenMr. Arjun P25-Aug-14 Motherson Sumi System Limited AGM ManagemenMr. Gautam 25-Aug-14 Motherson Sumi System Limited AGM ManagemenMr. Pankaj M27-Aug-14 Cholamandalam Investment and Finance Company LimitePBL ManagemenThe approval27-Aug-14 Cholamandalam Investment and Finance Company LimitePBL ManagemenThe approval27-Aug-14 Cholamandalam Investment and Finance Company LimitePBL ManagemenThe approval27-Aug-14 Cholamandalam Investment and Finance Company LimitePBL ManagemenThe sharehol27-Aug-14 The Indian Hotels Company Limited AGM ManagemenTo receive, 27-Aug-14 The Indian Hotels Company Limited AGM ManagemenTo appoint a27-Aug-14 The Indian Hotels Company Limited AGM ManagemenDeloitte Has27-Aug-14 The Indian Hotels Company Limited AGM ManagemenMs. Ireena 27-Aug-14 The Indian Hotels Company Limited AGM ManagemenMs. Ireena 27-Aug-14 The Indian Hotels Company Limited AGM ManagemenMr. Deepak 27-Aug-14 The Indian Hotels Company Limited AGM ManagemenMr. K. B. D27-Aug-14 The Indian Hotels Company Limited AGM ManagemenMr. Nadir B27-Aug-14 The Indian Hotels Company Limited AGM ManagemenAuthority to27-Aug-14 The Indian Hotels Company Limited AGM ManagemenCommission 01-Sep-14 Bharti Airtel Limited AGM ManagemenTo receive,01-Sep-14 Bharti Airtel Limited AGM ManagemenDeclaration 01-Sep-14 Bharti Airtel Limited AGM ManagemenMs. Chua Soc01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Rajan Bh01-Sep-14 Bharti Airtel Limited AGM ManagemenM/s. S. R. B01-Sep-14 Bharti Airtel Limited AGM ManagemenSheikh Faisa01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Bernard01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Vegulap01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Dinesh K01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Manish 01-Sep-14 Bharti Airtel Limited AGM ManagemenMs. Obiageli01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Craig Ed01-Sep-14 Bharti Airtel Limited AGM ManagemenMr. Ajay Lal01-Sep-14 Bharti Airtel Limited AGM ManagemenRatification27-Aug-14 BASF India Limited AGM ManagemenTo receive, 27-Aug-14 BASF India Limited AGM ManagemenTo declare d27-Aug-14 BASF India Limited AGM ManagemenTo appoint a27-Aug-14 BASF India Limited AGM ManagemenTo appoint a27-Aug-14 BASF India Limited AGM ManagemenTo appoint M27-Aug-14 BASF India Limited AGM ManagemenMr. Gops Pi27-Aug-14 BASF India Limited AGM Managementhe appoint27-Aug-14 BASF India Limited AGM ManagemenConsent of 27-Aug-14 BASF India Limited AGM Managemenconsent of 27-Aug-14 BASF India Limited AGM ManagemenConsent of

27-Aug-14 BASF India Limited AGM ManagemenShri R. A. S27-Aug-14 BASF India Limited AGM ManagemenShri R. R. N27-Aug-14 BASF India Limited AGM ManagemenShri Pradip 27-Aug-14 BASF India Limited AGM ManagemenShri Arun Be27-Aug-14 BASF India Limited AGM ManagemenCompany be a27-Aug-14 BASF India Limited AGM ManagemenRemuneration27-Aug-14 BASF India Limited AGM ManagemenConsent of 27-Aug-14 BASF India Limited AGM ManagemenCompany be 27-Aug-14 BASF India Limited AGM ManagemenCompany be 27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenTo receive, 27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenTo declare D27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenTo appoint a27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenMessrs Deloi27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenMr. Rohit Kh27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenMr. Sridar I27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenMr. Cyrus J 27-Aug-14 Mahindra Holidays & Resorts India Limited AGM ManagemenMr. Sanjeev27-Aug-14 Mahindra Holidays & Resorts India Limited AGM Managementhe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenTo receive, 28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenTo declare t28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenTo appoint a28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe recomme28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenM/s. N.A. S28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenMs. Drushti28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenMr. Nimish 28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM Managementhe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe re-appo28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM Managementhe appointm28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe existing28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent 28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent28-Aug-14 Kewal Kiran Clothing Limited AGM ManagemenThe consent 22-Aug-14 Sun Pharmaseutical Industries Limited. CCM ManagemenThe purpose03-Sep-14 Cipla Limited AGM ManagemenTo consider 03-Sep-14 Cipla Limited AGM ManagemenTo declare 03-Sep-14 Cipla Limited AGM Managemen03-Sep-14 Cipla Limited AGM ManagemenTo appoint a03-Sep-14 Cipla Limited AGM ManagemenM/s. V. San03-Sep-14 Cipla Limited AGM ManagemenDr. H.R. Ma03-Sep-14 Cipla Limited AGM ManagemenMr. V.C. Ko

To appoint a Director in place of Mr. M.K. Hamied (DIN: 00029084) who retires by rotation and being eligible, offershimself for re-appointment

03-Sep-14 Cipla Limited AGM ManagemenMr. Ashok S03-Sep-14 Cipla Limited AGM ManagemenDr. Peter M03-Sep-14 Cipla Limited AGM ManagemenMr. Adil Za03-Sep-14 Cipla Limited AGM ManagemenMr. Subhanu03-Sep-14 Cipla Limited AGM ManagemenMr. Rajesh 03-Sep-14 Cipla Limited AGM Managementhe appoint03-Sep-14 Cipla Limited AGM ManagemenMr. D.H. Zav04-Sep-14 Bharat Forge Limited AGM ManagemenTo consider 04-Sep-14 Bharat Forge Limited AGM ManagemenTo confirm t04-Sep-14 Bharat Forge Limited AGM ManagemenTo appoint a04-Sep-14 Bharat Forge Limited AGM ManagemenTo appoint a04-Sep-14 Bharat Forge Limited AGM ManagemenM/s. S R B C04-Sep-14 Bharat Forge Limited AGM ManagemenMr. S. M. T04-Sep-14 Bharat Forge Limited AGM ManagemenMr. P. G. P04-Sep-14 Bharat Forge Limited AGM ManagemenMrs. Lalita04-Sep-14 Bharat Forge Limited AGM ManagemenMr. P. H. R04-Sep-14 Bharat Forge Limited AGM ManagemenMr. Naresh 04-Sep-14 Bharat Forge Limited AGM ManagemenDr. Tridibe04-Sep-14 Bharat Forge Limited AGM ManagemenMr. Vimal B04-Sep-14 Bharat Forge Limited AGM Managementhe re-appoi04-Sep-14 Bharat Forge Limited AGM ManagemenThe Company 04-Sep-14 Bharat Forge Limited AGM ManagemenCompany be a04-Sep-14 Bharat Forge Limited AGM ManagemenTheCompany 04-Sep-14 Bharat Forge Limited AGM ManagemenThe consent 04-Sep-14 Bharat Forge Limited AGM ManagemenThe Company 04-Sep-14 Bharat Forge Limited AGM ManagemenCompany be a03-Sep-14 Jubilant Foodworks Limited AGM ManagemenTo receive,03-Sep-14 Jubilant Foodworks Limited AGM ManagemenTo appoint a03-Sep-14 Jubilant Foodworks Limited AGM ManagemenTo appoint M03-Sep-14 Jubilant Foodworks Limited AGM ManagemenMs. Ramni Ni03-Sep-14 Jubilant Foodworks Limited AGM ManagemenMr. Arun Set03-Sep-14 Jubilant Foodworks Limited AGM ManagemenMr. Vishal K03-Sep-14 Jubilant Foodworks Limited AGM ManagemenMr. Phiroz A02-Sep-14 ING Vysya Bank Limited PBL ManagemenThe Bank, be02-Sep-14 ING Vysya Bank Limited PBL ManagemenThe Bank be 04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenTo receive, 04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenTo declare d04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenTo appoint a04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenTo appoint a04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenM/s. Lodha &04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenM/s. R.J. Go04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenShri K.N. Me04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenShri B.V. Bh04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenShri N.G. Kh04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenShri Pradeep

04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenShri Ravi Jh04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenThe consent 04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenThe consent04-Sep-14 JK Lakshmi Cement Limited AGM ManagemenThe Company22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenTo receive, 22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenTo declare f22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenTo appoint a22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenM/s. Haribh22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenMr. Balkuma22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenMr. Vivek P22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenMr. Praveen22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenMs. Sharda 22-Aug-14 Motilal Oswal Financial Services Limited AGM Managemenapproval of22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenApproval of 22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenThe provisio22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenApprovals, c22-Aug-14 Motilal Oswal Financial Services Limited AGM ManagemenA new set of23-Aug-14 City Union Bank Limited AGM ManagemenTo receive, 23-Aug-14 City Union Bank Limited AGM ManagemenTo declare 23-Aug-14 City Union Bank Limited AGM ManagemenM/s. P.Chan23-Aug-14 City Union Bank Limited AGM ManagemenThe Board of23-Aug-14 City Union Bank Limited AGM ManagemenThe re-appoi23-Aug-14 City Union Bank Limited AGM ManagemenThe re-appo23-Aug-14 City Union Bank Limited AGM ManagemenShri R.Mohan23-Aug-14 City Union Bank Limited AGM ManagemenShri R.G.Cha23-Aug-14 City Union Bank Limited AGM ManagemenShri T.K.Ram23-Aug-14 City Union Bank Limited AGM ManagemenS.R.Singhara23-Aug-14 City Union Bank Limited AGM ManagemenShri C.R.Mur23-Aug-14 City Union Bank Limited AGM ManagemenProf.V.Kamak23-Aug-14 City Union Bank Limited AGM ManagemenShri S.Mahal23-Aug-14 City Union Bank Limited AGM ManagemenTo pursuant 21-Aug-14 Hindustan Petroleum Corporation Limited Postal ballot ManagemenCompany to e22-Aug-14 Larsen & Toubro Limited AGM ManagemenTo consider 22-Aug-14 Larsen & Toubro Limited AGM ManagemenTo declare 22-Aug-14 Larsen & Toubro Limited AGM ManagemenThe Independ22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. N. Mohan22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. S. Rajag22-Aug-14 Larsen & Toubro Limited AGM ManagemenTo appoint a22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. S. N. Ta22-Aug-14 Larsen & Toubro Limited AGM ManagemenTo appoint a22-Aug-14 Larsen & Toubro Limited AGM ManagemenTo appoint a22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. Subodh 22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. M. M. C22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. M. Damo22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. Vikram

22-Aug-14 Larsen & Toubro Limited AGM ManagemenMr. Adil Za22-Aug-14 Larsen & Toubro Limited AGM ManagemenThe company05-Sep-14 UltraTech Cement PBL ManagemenAdoption of05-Sep-14 UltraTech Cement PBL ManagemenBorrowings 05-Sep-14 UltraTech Cement PBL ManagemenCreation of 05-Sep-14 UltraTech Cement PBL ManagemenIssuance of05-Sep-14 UltraTech Cement PBL ManagemenPayment of 19-Aug-14 Info Edge (India) Ltd AGM ManagemenTo the exten19-Aug-14 Info Edge (India) Ltd AGM ManagemenThe consent 19-Aug-14 Info Edge (India) Ltd AGM Managemen19-Aug-14 Info Edge (India) Ltd AGM ManagemenThe consent04-Sep-14 Bharat Petrolium Limited PBL ManagemenThe consent04-Sep-14 Bharat Petrolium Limited PBL Managementhe provisio06-Sep-14 Dish TV India Limited PBL ManagemenTo authoriz06-Sep-14 Dish TV India Limited PBL ManagemenTo authoriz06-Sep-14 Dish TV India Limited PBL ManagemenTo offer or 06-Sep-14 Dish TV India Limited PBL ManagemenTo authorize06-Sep-14 Dewan Housing Finance Corporation Limited PBL ManagemenThe consent04-Sep-14 Maruti Suzuki Limited AGM ManagemenTo receive, 04-Sep-14 Maruti Suzuki Limited AGM ManagemenTo declare d04-Sep-14 Maruti Suzuki Limited AGM ManagemenTo appoint a04-Sep-14 Maruti Suzuki Limited AGM ManagemenTo appoint a04-Sep-14 Maruti Suzuki Limited AGM ManagemenM/s Price W04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. Toshiak04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. Masayuk04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. Shigetos04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. Toshiaki04-Sep-14 Maruti Suzuki Limited AGM ManagemenThe board of04-Sep-14 Maruti Suzuki Limited AGM ManagemenThe board of04-Sep-14 Maruti Suzuki Limited AGM ManagemenThe board of04-Sep-14 Maruti Suzuki Limited AGM ManagemenThe approval04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. Amal Ga04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. D.S.Bra04-Sep-14 Maruti Suzuki Limited AGM ManagemenMr. R.P.Sin04-Sep-14 Maruti Suzuki Limited AGM ManagemenMs. Pallavi 05-Sep-14 AGM ManagemenTo receive, 05-Sep-14 Hindustan Petrolium Corporations Limited AGM ManagemenTo declare E05-Sep-14 AGM ManagemenTo appoint a05-Sep-14 AGM ManagemenTo appoint a05-Sep-14 AGM ManagemenM/s. R. Nana09-Sep-14 Torrent Power Limited PBL ManagemenThe company09-Sep-14 Torrent Power Limited PBL Managemen06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenTo consider06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenTo declare a06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenTo appoint a

The Company be and is hereby increased from Rs. 120,00,00,000 (Rupees One Hundred and Twenty Crores) divided into12,00,00,000 (Twelve Crores) equity shares of Rs. 10 each (“Equity Shares”) to Rs. 150,00,00,000 (Rupees One Hundred and Fifty Crores) divided into 15,00,00,000 (Fifteen Crores) Equity Shares of Rs. 10 each by creation of additional 3,00,00,000 Equity Shares of Rs. 10 each ranking pari passu in all respect with the existing Equity Shares.

Hindustan Petroleum CorporationLimited

Hindustan Petroleum CorporationLimitedHindustan Petroleum CorporationLimitedHindustan Petroleum CorporationLimited

The company be and is hereby accorded to the Board of Directors of the company to mortgage, hypothecate, pledge assingment and/or charge, in addition to mortgage, hypothications, pledge assingment and/ or charge already created, in such form, manner and ranking and on such terms as the Board may deem fit inthe intrest of the company.The company or any of its subsidiariers from time to time; by way o0f loan,debentures, cash credit, advance, deposits, bill discounting or any other securities or otherwise, in foreign currency or in Indin Rupees, in one or more tranches, along with interest, additional interest, accumalated interest, liquidated damage and commitment charges or cost.

06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenTo appoint a06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenM/s. Jogish06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenMs. Dimple S06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenMr. Parantap06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenMr. Sanjaya 06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenMr. Sarangpa06-Sep-14 Tree House Education & Accessories Limited AGM ManagemenThe draft re11-Sep-14 AIA Engineering Limited AGM ManagemenTo receive, 11-Sep-14 AIA Engineering Limited AGM ManagemenTo declare D11-Sep-14 AIA Engineering Limited AGM ManagemenTo appoint a11-Sep-14 AIA Engineering Limited AGM ManagemenTo ratify th11-Sep-14 AIA Engineering Limited AGM ManagemenMr. Dileep 11-Sep-14 AIA Engineering Limited AGM ManagemenMr. Sanjay 11-Sep-14 AIA Engineering Limited AGM ManagemenMr. Rajendr11-Sep-14 AIA Engineering Limited AGM ManagemenThe consent 11-Sep-14 AIA Engineering Limited AGM ManagemenA sum not e11-Sep-14 AIA Engineering Limited AGM ManagemenThe consent11-Sep-14 AIA Engineering Limited AGM ManagemenThe consent 12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenTo receive, 12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenTo appoint a12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenTo appoint a12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenM/s. S. R. B12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenM/s. S. R. B12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenMr. Y. M Ka12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenMr. S. Venk12-Sep-14 Oracle Financial Services Software Limited AGM ManagemenMr. Richard12-Sep-14 Indraprastha Gas Limited AGM ManagemenTo consider 12-Sep-14 Indraprastha Gas Limited AGM ManagemenTo declare a12-Sep-14 Indraprastha Gas Limited AGM ManagemenTo appoint a12-Sep-14 Indraprastha Gas Limited AGM ManagemenM/s Deloitt12-Sep-14 Indraprastha Gas Limited AGM ManagemenShri Gyanesh12-Sep-14 Indraprastha Gas Limited AGM ManagemenShri S. S. R12-Sep-14 Indraprastha Gas Limited AGM ManagemenShri Santos12-Sep-14 Indraprastha Gas Limited AGM ManagemenProf. V. Ra12-Sep-14 Indraprastha Gas Limited AGM ManagemenThe Cost Aud12-Sep-14 Indraprastha Gas Limited AGM ManagemenThe Members01-Sep-14 Voltas Limited AGM ManagemenTo receive, 01-Sep-14 Voltas Limited AGM ManagemenTo declare a01-Sep-14 Voltas Limited AGM ManagemenTo appoint a01-Sep-14 Voltas Limited AGM ManagemenTo appoint a01-Sep-14 Voltas Limited AGM ManagemenDeloitte Has01-Sep-14 Voltas Limited AGM ManagemenMr. Nani Ja01-Sep-14 Voltas Limited AGM ManagemenMr. R. N. M01-Sep-14 Voltas Limited AGM ManagemenMr. Debendr01-Sep-14 Voltas Limited AGM ManagemenMr. Bahram

01-Sep-14 Voltas Limited AGM ManagemenThe consent01-Sep-14 Voltas Limited AGM ManagemenM/s. Sagar 09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 ITC Limited Postal Ballot ManagemenAppointment09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenTo receive, 09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenTo declare 09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenTo appoint a09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenTo appoint a09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenM/s. Khimji 09-Sep-14 Aditya Birla Nuvo Limited AGM Managemen09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenS. R. Batlib09-Sep-14 Aditya Birla Nuvo Limited AGM Managemen09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMs. Tarjani 09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMr. P. Murar09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMr. Subhash09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMr. Gian Pr09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMr. Baldev R09-Sep-14 Aditya Birla Nuvo Limited AGM Managemen09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe appointm09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenMr. Sushil A09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe Non-Exec09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe approval09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe Articles09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe consent 09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe consent 09-Sep-14 Aditya Birla Nuvo Limited AGM ManagemenThe remunera10-Sep-14 PI Industries Limited AGM ManagemenTo receive,10-Sep-14 PI Industries Limited AGM ManagemenTo confirm t10-Sep-14 PI Industries Limited AGM ManagemenTo appoint a10-Sep-14 PI Industries Limited AGM ManagemenTo appoint a10-Sep-14 PI Industries Limited AGM ManagemenTo appoint 10-Sep-14 PI Industries Limited AGM ManagemenMr. Narayan 10-Sep-14 PI Industries Limited AGM ManagemenMrs. Ramni N10-Sep-14 PI Industries Limited AGM ManagemenMr. Bimal K.10-Sep-14 PI Industries Limited AGM ManagemenDr. Venkatra10-Sep-14 PI Industries Limited AGM ManagemenMr. Pravin K10-Sep-14 PI Industries Limited AGM ManagemenThe Company 10-Sep-14 PI Industries Limited AGM ManagemenThe Cost Au10-Sep-14 Shoppers Stop Limited Postal ballot ManagemenCompany be 10-Sep-14 Shoppers Stop Limited Postal ballot ManagemenTo create s

1)M/s. Khimji Kunverji & Co. be and are hereby appointed as the Branch Auditors of the Company to audit the accounts in respect of the Company’s Insulators Division at Rishra and Halol,and is hereby authorised to fix their remuneration for the said period and reimbursement of actual out-of-pocketexpenses, as may be incurred in the performance of their duties. 2) M/s. Khimji Kunverji & Co. (Reg. No. 105146W), Chartered Accountants and M/s. K. S. Aiyar & Co. (Reg. No. 100186W) be and are hereby, appointed as the Joint Branch Auditors of the Company to audit the accounts in respect of the Company’s Indian Rayon Division at Veravaland is hereby authorised to fix their remuneration for the said period and reimbursement of actual out-of-pocket expenses, as may be incurred in the performance of their duties. 3)M/s. Deloitte Haskins & Sells be and are hereby, appointed as the Branch Auditors of the Company to audit the accounts in respect of the Company’s Madura Fashion & Lifestyle Division at Bengaluru and is hereby authorised to fix their remuneration for the said period and reimbursement of actual out-of-pocket expenses, as may be incurred in the performance of their duties.

M/s. S. R. Batliboi & Co. LLP, Chartered Accountants be and are hereby, appointed as the BranchAuditors of the Company to audit the accounts in respect of the Company’s Jaya Shree Textiles (JST) Division, Rishra and Indo Gulf Fertilisers (IGF) Division, Jagdishpur,be and is hereby authorised to fix their remuneration for the said period and reimbursement of actual out-of-pocket expenses, as may be incurred in the performance of their duties.

The appointment of Mr. Lalit Naik (DIN: 02943588) as the Managing Director of the Company for theperiod and upon the following terms and conditions including remuneration, with further liberty to the Board of Directors, for a period of five years with the liberty to either party to terminate the appointment on three months’ notice in writing to the other and neither party will have any claim against the other for damages or compensation by reason of such termination subject to retirement by rotation.Basic Salary: Rs 7,79,200/- subject, however, to a ceiling of Rs 14,00,000/- Special allowance: Rs 7,53,000/- subject, however, to a ceiling of Rs 20,00,000/- Performance Bonus linked to the achievement of targets, as may be decided by the Board from time to time, subject to a maximum of Rs 3,00,00,000/- Long-term Incentive Compensation/ Employee Stock Option as per theplan applicable to the Senior Executives of the Company/Aditya Birla Group including that of any parent/subsidiary company as may be decided by the Board from time to time.

10-Sep-14 Shoppers Stop Limited Postal ballot ManagemenTo approve 16-Sep-14 Sundaram Finance Limited PBL Ordinary Appointment16-Sep-14 Sundaram Finance Limited PBL Ordinary Appointment16-Sep-14 Sundaram Finance Limited PBL Ordinary Appointment17-Sep-14 Siemens Limited PBL ManagemenTo sell and17-Sep-14 Kotak Mahindra Bank Limited PBL ManagemenIssuance of 18-Sep-14 GMR Infrastructure Limited AGM ManagemenTo receive, 18-Sep-14 GMR Infrastructure Limited AGM ManagemenTo declare 18-Sep-14 GMR Infrastructure Limited AGM ManagemenTo appoint a18-Sep-14 GMR Infrastructure Limited AGM ManagemenTo appoint a18-Sep-14 GMR Infrastructure Limited AGM ManagemenM/s. S.R. B18-Sep-14 GMR Infrastructure Limited AGM ManagemenDr. Prakash18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. R.S.S.L18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. N.C. Sa18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. S. Sand18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. S. Raja18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. V. Sant18-Sep-14 GMR Infrastructure Limited AGM ManagemenMr. C.R. Mu18-Sep-14 GMR Infrastructure Limited AGM ManagemenThe number o18-Sep-14 GMR Infrastructure Limited AGM ManagemenThe Memoran13-Sep-14 Titan Company Limited Postal Ballot ManagemenAlteration 13-Sep-14 Titan Company Limited Postal Ballot ManagemenAlteration i13-Sep-14 Titan Company Limited Postal Ballot Managemenconsent of 13-Sep-14 Titan Company Limited Postal Ballot Managemenconsent of 16-Sep-14 Oriental Bank of Commerce EGM ManagemenThe consent 16-Sep-14 Oriental Bank of Commerce EGM ManagemenTo raising c16-Sep-14 Oriental Bank of Commerce EGM ManagemenThree Direct15-Sep-14 Speciality Restaurants Limited AGM ManagemenTo receive, 15-Sep-14 Speciality Restaurants Limited AGM ManagemenTo declare d15-Sep-14 Speciality Restaurants Limited AGM ManagemenTo re-appoin15-Sep-14 Speciality Restaurants Limited AGM ManagemenM/s Deloitte15-Sep-14 Speciality Restaurants Limited AGM ManagemenMr. Susim Mu15-Sep-14 Speciality Restaurants Limited AGM ManagemenMr. Jyotin M15-Sep-14 Speciality Restaurants Limited AGM ManagemenMr. Tara San15-Sep-14 Speciality Restaurants Limited AGM ManagemenMr. Dushyan15-Sep-14 Speciality Restaurants Limited AGM ManagemenThe Managing18-Sep-14 Hero MotoCorp Limited Postal Ballot ManagemenThe consent 18-Sep-14 Hero MotoCorp Limited Postal Ballot ManagemenThe consent19-Sep-14 Motilal Oswal Financial Services Limited Postal Ballot ManagemenThe consent 19-Sep-14 Motilal Oswal Financial Services Limited Postal Ballot ManagemenThe consent19-Sep-14 Motilal Oswal Financial Services Limited Postal Ballot ManagemenThe consent 19-Sep-14 Motilal Oswal Financial Services Limited Postal Ballot ManagemenThe consent 19-Sep-14 Motilal Oswal Financial Services Limited Postal Ballot ManagemenThe Board of19-Sep-14 Amara Raja Batteries Limited Postal Ballot ManagemenThe consent 19-Sep-14 Escorts Limited AGM ManagemenTo receive,

19-Sep-14 Escorts Limited AGM ManagemenTo declare 19-Sep-14 Escorts Limited AGM ManagemenTo appoint a19-Sep-14 Escorts Limited AGM ManagemenTo appoint M19-Sep-14 Escorts Limited AGM ManagemenM/s. Ramanat19-Sep-14 Escorts Limited AGM ManagemenDr. S.A. Dav19-Sep-14 Escorts Limited AGM ManagemenMr. S.C. Bha19-Sep-14 Escorts Limited AGM ManagemenMr. P. H. R19-Sep-14 Escorts Limited AGM ManagemenMrs. Vibha 19-Sep-14 Escorts Limited AGM ManagemenThe consent19-Sep-14 Escorts Limited AGM ManagemenThe consent19-Sep-14 Escorts Limited AGM Managementhe Non- Ex19-Sep-14 Escorts Limited AGM ManagemenThe consent19-Sep-14 Escorts Limited AGM ManagemenThe consent19-Sep-14 Escorts Limited AGM ManagemenThe draft re18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenTo receive, 18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenTo declare d18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenTo appoint a18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenThe remunera18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenShri P. H. K18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenShri P. Bal18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenProf.Jayant18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenShri.B.Chak18-Sep-14 Bharat Petroleum Corporation Limited AGM ManagemenThe Cost Au22-Sep-14 SML Isuzu Limited AGM ManagemenTo receive, 22-Sep-14 SML Isuzu Limited AGM ManagemenTo declare d22-Sep-14 SML Isuzu Limited AGM ManagemenTo appoint a22-Sep-14 SML Isuzu Limited AGM ManagemenTo appoint a22-Sep-14 SML Isuzu Limited AGM ManagemenM/s B S R &22-Sep-14 SML Isuzu Limited AGM Managementhe Articles22-Sep-14 SML Isuzu Limited AGM ManagemenMr. Hiroshi 22-Sep-14 SML Isuzu Limited AGM ManagemenMr. Kyoichir22-Sep-14 SML Isuzu Limited AGM ManagemenMr. S .K. T22-Sep-14 SML Isuzu Limited AGM ManagemenMr. P.K. Na22-Sep-14 SML Isuzu Limited AGM ManagemenMr. A.K. Th22-Sep-14 SML Isuzu Limited AGM ManagemenMr. Sudhir 22-Sep-14 SML Isuzu Limited AGM ManagemenDr. (Mrs.) 22-Sep-14 SML Isuzu Limited AGM ManagemenThe approva22-Sep-14 SML Isuzu Limited AGM ManagemenMr. Gopal B22-Sep-14 SML Isuzu Limited AGM Managemenapproval of22-Sep-14 SML Isuzu Limited AGM ManagemenMr. Kei Kata22-Sep-14 SML Isuzu Limited AGM Managemenapproval of22-Sep-14 SML Isuzu Limited AGM ManagemenThe consent 22-Sep-14 SML Isuzu Limited AGM ManagemenThe consent 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo receive, 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo declare a

22-Sep-14 Puravankara Projects Limited AGM ManagemenTo appoint a22-Sep-14 Puravankara Projects Limited AGM ManagemenTo Appoint 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo Appoint 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo Appoint 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo Appoint 22-Sep-14 Puravankara Projects Limited AGM ManagemenTo Approve 26-Sep-14 Max India Limited Postal Ballot ManagemenThe consent26-Sep-14 Max India Limited Postal Ballot ManagemenThe consent23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenTo receive, 23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenTo confirm t23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenM/s. Shah Gu23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenMr. Satyana23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenMr. Ganesa 23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenMr. M.A.K. P23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenMr. Parveen23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe Company23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe appoint23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe Articles23-Sep-14 Multi Commodity Exchange of India Limited. AGM Managemen23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe Company23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe consent23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe consent23-Sep-14 Multi Commodity Exchange of India Limited. AGM ManagemenThe consent 24-Sep-14 Symphony Limited AGM ManagemenTo receive, 24-Sep-14 Symphony Limited AGM ManagemenTo confirm p24-Sep-14 Symphony Limited AGM ManagemenTo appoint a24-Sep-14 Symphony Limited AGM ManagemenM/s. Shah &24-Sep-14 Symphony Limited AGM ManagemenThe Company 24-Sep-14 Symphony Limited AGM ManagemenMr. Dipak P24-Sep-14 Symphony Limited AGM ManagemenMr. Himansh24-Sep-14 Symphony Limited AGM ManagemenMr. Satyen 24-Sep-14 Symphony Limited AGM ManagemenMs. Jonaki B24-Sep-14 Symphony Limited AGM ManagemenTo approve a25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenTo receive, 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenTo appoint a25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenM/s Deloitt25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenTo create, i25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMs.Kanchan 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMr.K.N.Venk25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMr.M.S.Rama25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMr.Ashok Kin25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMr.Prakash 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenCompany be 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenAs amended 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenCompany be

- 2008 Scheme by permitting the eligible employees to exercise all the Options granted but not vested and/or optionsvested but not exercised after the expiry of one year of attaining the age of superannuation or expiration of the contract

25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenCompany (“t25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenArticles of 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenConsent of 25-Sep-14 Gulf Oil Corporation Limited AGM ManagemenMr.SanjayG. 25-Sep-14 Gujarat State Petronet Limited AGM ManagemenTo receive, 25-Sep-14 Gujarat State Petronet Limited AGM ManagemenTo declare D25-Sep-14 Gujarat State Petronet Limited AGM ManagemenTo appoint a25-Sep-14 Gujarat State Petronet Limited AGM ManagemenTo fix remun25-Sep-14 Gujarat State Petronet Limited AGM ManagemenDr. R Vaidy25-Sep-14 Gujarat State Petronet Limited AGM ManagemenProf. Yoges25-Sep-14 Gujarat State Petronet Limited AGM ManagemenWithdrawal 25-Sep-14 Gujarat State Petronet Limited AGM ManagemenDr. Bakul D25-Sep-14 Gujarat State Petronet Limited AGM Managemen Smt. Vilas25-Sep-14 Gujarat State Petronet Limited AGM ManagemenM/s. R K Pat25-Sep-14 Gujarat State Petronet Limited AGM Managementhe Company 25-Sep-14 Gujarat State Petronet Limited AGM ManagemenThe consent25-Sep-14 Gujarat State Petronet Limited AGM ManagemenThe consent 25-Sep-14 Pidilite Industries Limited AGM ManagemenTo receive, 25-Sep-14 Pidilite Industries Limited AGM ManagemenTo declare D25-Sep-14 Pidilite Industries Limited AGM ManagemenTo appoint a25-Sep-14 Pidilite Industries Limited AGM ManagemenM/s Deloitte25-Sep-14 Pidilite Industries Limited AGM ManagemenThe approva25-Sep-14 Pidilite Industries Limited AGM ManagemenShri Uday K25-Sep-14 Pidilite Industries Limited AGM ManagemenSmt. Meera 25-Sep-14 Pidilite Industries Limited AGM ManagemenShri B S Me25-Sep-14 Pidilite Industries Limited AGM ManagemenShri Ranjan25-Sep-14 Pidilite Industries Limited AGM ManagemenShri Bharat25-Sep-14 Pidilite Industries Limited AGM ManagemenThe consent 26-Sep-14 MRF Limited PBL ManagemenMr. Vijay R 26-Sep-14 MRF Limited PBL ManagemenMr. V Sridh26-Sep-14 MRF Limited PBL ManagemenMr. N Kumar26-Sep-14 MRF Limited PBL ManagemenMr. Ranjit 26-Sep-14 MRF Limited PBL ManagemenMr. Ashok J26-Sep-14 MRF Limited PBL ManagemenDr. Salim J26-Sep-14 MRF Limited PBL ManagemenMr. Jacob K26-Sep-14 MRF Limited PBL ManagemenMr. M Meyya29-Sep-14 SKS Microfinance Limited AGM ManagemenTo receive,29-Sep-14 SKS Microfinance Limited AGM ManagemenTo appoint a29-Sep-14 SKS Microfinance Limited AGM ManagemenS. R. Batlib29-Sep-14 SKS Microfinance Limited AGM ManagemenMr. P. H. Ra29-Sep-14 SKS Microfinance Limited AGM ManagemenDr. Tarun Kh29-Sep-14 SKS Microfinance Limited AGM ManagemenMr. Geoffrey29-Sep-14 SKS Microfinance Limited AGM ManagemenMr. S. Bala29-Sep-14 SKS Microfinance Limited AGM ManagemenThe approva29-Sep-14 SKS Microfinance Limited AGM ManagemenThe Article

29-Sep-14 SKS Microfinance Limited AGM ManagemenThe draft re29-Sep-14 PVR Limited AGM ManagemenTo receive, 29-Sep-14 PVR Limited AGM ManagemenTo declare D29-Sep-14 PVR Limited AGM ManagemenTo appoint a29-Sep-14 PVR Limited AGM ManagemenTo appoint a29-Sep-14 PVR Limited AGM ManagemenTo appoint A29-Sep-14 PVR Limited AGM ManagemenMr. Sanjay 29-Sep-14 PVR Limited AGM ManagemenMr. Sanjay 29-Sep-14 PVR Limited AGM ManagemenMr. Vikram 29-Sep-14 PVR Limited AGM ManagemenMr. Sanjai 29-Sep-14 PVR Limited AGM ManagemenMr. Amit Bu29-Sep-14 PVR Limited AGM ManagemenThe company29-Sep-14 PVR Limited AGM ManagemenThe approva29-Sep-14 PVR Limited AGM ManagemenThe Company 29-Sep-14 Dish TV India Limited AGM ManagemenTo receive, 29-Sep-14 Dish TV India Limited AGM Managemen To appoint 29-Sep-14 Dish TV India Limited AGM ManagemenTo appoint 29-Sep-14 Dish TV India Limited AGM ManagemenMr Laxmi Cha29-Sep-14 Dish TV India Limited AGM ManagemenMr Bhagwan D29-Sep-14 Dish TV India Limited AGM ManagemenMr Arun Dugg29-Sep-14 Dish TV India Limited AGM ManagemenMr Eric Loui27-Sep-14 Page Industries Limited PBL ManagemenThe Article 27-Sep-14 Page Industries Limited PBL ManagemenMrs. Rukman26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo consider 26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo declare a26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo appoint a26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo appoint a26-Sep-14 Sadbhav Engineering Limited AGM ManagemenM/s. Surana26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo appoint 26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo appoint 26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo appoint 26-Sep-14 Sadbhav Engineering Limited AGM ManagemenAppointment26-Sep-14 Sadbhav Engineering Limited AGM ManagemenAppointment26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo re-appoi26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo re-appoin26-Sep-14 Sadbhav Engineering Limited AGM ManagemenTo re-appoin26-Sep-14 Sadbhav Engineering Limited AGM ManagemenThe Article26-Sep-14 Sadbhav Engineering Limited AGM ManagemenThe company26-Sep-14 Sadbhav Engineering Limited AGM ManagemenThe approva26-Sep-14 Sadbhav Engineering Limited AGM ManagemenThe draft re26-Sep-14 Idea Cellular Limited AGM ManagemenTo receive, 26-Sep-14 Idea Cellular Limited AGM ManagemenTo declare 26-Sep-14 Idea Cellular Limited AGM ManagemenTo appoint a26-Sep-14 Idea Cellular Limited AGM ManagemenTo appoint a26-Sep-14 Idea Cellular Limited AGM ManagemenM/s. Deloit

26-Sep-14 Idea Cellular Limited AGM Managementhe remunera26-Sep-14 Idea Cellular Limited AGM ManagemenMr. Gian Pr26-Sep-14 Idea Cellular Limited AGM ManagemenMs. Tarjani26-Sep-14 Idea Cellular Limited AGM ManagemenMrs. Madhab26-Sep-14 Idea Cellular Limited AGM ManagemenMr. Arun Th26-Sep-14 Idea Cellular Limited AGM ManagemenMr. R.C. Bh26-Sep-14 Idea Cellular Limited AGM ManagemenMr. Mohan G26-Sep-14 Idea Cellular Limited AGM ManagemenMr. P. Mura26-Sep-14 Idea Cellular Limited AGM Managementhe Articles26-Sep-14 Idea Cellular Limited AGM ManagemenThe consent 26-Sep-14 Idea Cellular Limited AGM ManagemenThe consent 26-Sep-14 Idea Cellular Limited AGM ManagemenThe consent 30-Sep-14 TV18 Broadcast Limited. AGM ManagemenTo consider 30-Sep-14 TV18 Broadcast Limited. AGM ManagemenTo appoint a30-Sep-14 TV18 Broadcast Limited. AGM ManagemenM/s. Deloitt30-Sep-14 TV18 Broadcast Limited. AGM ManagemenMr. Manoj M30-Sep-14 TV18 Broadcast Limited. AGM ManagemenMr. Hari S. 30-Sep-14 TV18 Broadcast Limited. AGM ManagemenM/s. Pramod30-Sep-14 TV18 Broadcast Limited. AGM ManagemenThe company,30-Sep-14 TV18 Broadcast Limited. AGM ManagemenThe Articles30-Sep-14 TV18 Broadcast Limited. AGM ManagemenThe Articles30-Sep-14 Max India AGM ManagemenTo receive,30-Sep-14 Max India AGM ManagemenTo declare F30-Sep-14 Max India AGM ManagemenTo appoint a30-Sep-14 Max India AGM ManagemenTo appoint a30-Sep-14 Max India AGM ManagemenTo appoint a30-Sep-14 Max India AGM ManagemenTo appoint a30-Sep-14 Max India AGM ManagemenS.R. Batlibo30-Sep-14 Max India AGM ManagemenMr. Rajesh 30-Sep-14 Max India AGM ManagemenMr. N.C. Si30-Sep-14 Max India AGM ManagemenMr. Aman Me30-Sep-14 Max India AGM ManagemenProf. Dipan30-Sep-14 Max India AGM ManagemenMr. Ashok K30-Sep-14 Max India AGM ManagemenThe Sharehol30-Sep-14 Max India AGM ManagemenTheapprovals29-Sep-14 Gateway Distriparks Limited AGM ManagemenTo receive, 29-Sep-14 Gateway Distriparks Limited AGM ManagemenTo confirm t29-Sep-14 Gateway Distriparks Limited AGM ManagemenM/s. Price 29-Sep-14 Gateway Distriparks Limited AGM ManagemenTo re-appoin29-Sep-14 Gateway Distriparks Limited AGM ManagemenMr. Saroosh29-Sep-14 Gateway Distriparks Limited AGM ManagemenMr. Shabbir29-Sep-14 Gateway Distriparks Limited AGM ManagemenMr. M P Pin29-Sep-14 Gateway Distriparks Limited AGM ManagemenMr. Bhaskar29-Sep-14 Gateway Distriparks Limited AGM ManagemenMrs. Chitra29-Sep-14 Gateway Distriparks Limited AGM ManagemenAmend Emplo

29-Sep-14 Gateway Distriparks Limited AGM ManagemenThe Company29-Sep-14 Gateway Distriparks Limited AGM ManagemenThe Company 29-Sep-14 Gateway Distriparks Limited AGM ManagemenThe Company 30-Sep-14 United Spirits Limited AGM Managemen30-Sep-14 United Spirits Limited AGM ManagemenTo appoint a30-Sep-14 United Spirits Limited AGM ManagemenThe Board of30-Sep-14 United Spirits Limited AGM ManagemenM/s. B S R 30-Sep-14 United Spirits Limited AGM ManagemenMr. Sudhaka30-Sep-14 United Spirits Limited AGM ManagemenMr. D. Siva30-Sep-14 United Spirits Limited AGM ManagemenDr. (Mrs.) 30-Sep-14 United Spirits Limited AGM ManagemenMr. G.N. Baj30-Sep-14 United Spirits Limited AGM ManagemenMr. Arunkum30-Sep-14 United Spirits Limited AGM ManagemenMr. Vikram S30-Sep-14 United Spirits Limited AGM ManagemenMr. Anand K30-Sep-14 United Spirits Limited AGM ManagemenMr. Anand K30-Sep-14 United Spirits Limited AGM ManagemenThe terms of30-Sep-14 United Spirits Limited AGM ManagemenThe Company 30-Sep-14 United Spirits Limited AGM ManagemenThe Company 30-Sep-14 United Spirits Limited AGM ManagemenIn the whol29-Sep-14 Navneet Educations Limited AGM ManagemenTo receive, 29-Sep-14 Navneet Educations Limited AGM ManagemenTo declare a29-Sep-14 Navneet Educations Limited AGM ManagemenTo appoint a29-Sep-14 Navneet Educations Limited AGM ManagemenTo appoint a29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM ManagemenShri Mohind29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM ManagemenTo mortgage 29-Sep-14 Navneet Educations Limited AGM ManagemenThe Company 29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM Managemen29-Sep-14 Navneet Educations Limited AGM ManagemenThe Company 29-Sep-14 Navneet Educations Limited AGM ManagemenThe Company 27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenTo receive, 27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenTo consider 27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenTo appoint a27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenTo re-appoi27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenMs. Rekha S27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe Company27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe Company27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe Company27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe Company27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe Board of

To receive, consider and adopt the Audited Statement of Profit and Loss for the financial year ended March 31, 2014, theBalance Sheet as at that date and the Reports of the Directors and Auditors thereon.

M/s. Ghalla & Bhansali, CharteredAccountants, be and are hereby appointedas Statutory Auditors of the Company.Dr. Vijay B. Joshi, be and is herebyappointed as an Independent Director of the Company.Smt. Usha Laxman, be and is herebyappointed as an Independent Director of the Company.Shri Tushar K. Jani, be and is hereby appointed as an Independent Director ofthe Company.

The Company be and is hereby accorded to the Board of Directors to borrow any sum or sums of money / ies, fromtime to time, notwithstanding that money so borrowed together with the money / ies already borrowed by the company provided that the total amount so borrowed by the Board shall not exceed Rs.1200/- crore.

The Company be and is hereby accorded to Shri Ketan B. Gala, Vice President-Marketing who is a relative of Shri Bipin A. Gala, Whole time Director of the Company, to hold and continue to hold the office or place of profit under the Company as Vice President-Marketing or with such other higher designation as the Board of Directors / Committeeof Board of Directors of the Company.The Company be and is hereby accorded to Shri Kalpesh H. Gala, Vice President who is a relative of Shri Raju H. Gala, Joint Managing Director of the Company, to hold and continue to hold the office or place of profit under the Company as Vice President or with such other higher designation as the Board of Directors / Committee of Board of Directorsof the Company.

27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent,27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent 27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenM/s. Kailas27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe authori27-Sep-14 Sun Pharmaceutical Industries Ltd. AGM ManagemenThe consent12-Oct-14 Puravankara Projects Limited Postal Ballot ManagemenThe consent12-Oct-14 Puravankara Projects Limited Postal Ballot ManagemenThe consent12-Oct-14 Puravankara Projects Limited Postal Ballot ManagemenThe consent04-Oct-14 Sadbhav Engineering Limited EGM ManagemenThe consent 18-Oct-14 Lupin Limited Postal Ballot ManagemenThe consent 18-Oct-14 Lupin Limited Postal Ballot ManagemenThe consent 17-Nov-14 ICICI Bank PBL ManagemenSub-division17-Nov-14 ICICI Bank PBL ManagemenClause V of 17-Nov-14 ICICI Bank PBL Managemen10-Nov-14 Alstom T&D India Limited PBL ManagemenCompany be 10-Nov-14 Alstom T&D India Limited PBL ManagemenAppointment10-Nov-14 Alstom T&D India Limited PBL ManagemenMr. Bhanu B10-Nov-14 Shree Cements Limited AGM ManagemenTo receive, 10-Nov-14 Shree Cements Limited AGM ManagemenTo confirm 10-Nov-14 Shree Cements Limited AGM ManagemenTo appoint a10-Nov-14 Shree Cements Limited AGM ManagemenM/s. B.R. M10-Nov-14 Shree Cements Limited AGM ManagemenM/s. K.G. G10-Nov-14 Shree Cements Limited AGM ManagemenShri Ramaka10-Nov-14 Shree Cements Limited AGM ManagemenShri R.L. Ga10-Nov-14 Shree Cements Limited AGM ManagemenShri O.P. Se10-Nov-14 Shree Cements Limited AGM ManagemenShri Shreek10-Nov-14 Shree Cements Limited AGM ManagemenDr. Y.K. Ala10-Nov-14 Shree Cements Limited AGM ManagemenShri Nitin D10-Nov-14 Shree Cements Limited AGM ManagemenDr. Leena Sr10-Nov-14 Shree Cements Limited AGM ManagemenNon-Executiv10-Nov-14 Shree Cements Limited AGM ManagemenConsent of t10-Nov-14 Shree Cements Limited AGM ManagemenConsent of 10-Nov-14 Shree Cements Limited AGM ManagemenConsent of t21-Nov-14 Infosys Limited PBL Managemen21-Nov-14 Infosys Limited PBL ManagemenClause V of21-Nov-14 Infosys Limited PBL ManagemenArticles of 21-Nov-14 Infosys Limited PBL ManagemenConsent of t10-Nov-14 Pfizer Limited AGM ManagemenTo receive,10-Nov-14 Pfizer Limited AGM ManagemenTo appoint a10-Nov-14 Pfizer Limited AGM ManagemenMessrs. B S

Article 5(a) of the Articles of Association of the Bank relating to Capital be substituted by the following Clause, Article 5(a) would be substituted as follows: The Authorised Capital of the Company is Rs. 1775,00,00,000 divided into: i. 637,50,00,000 Equity Shares of Rs. 2 each. ii. 150,00,000 shares of Rs. 100 each which shall be of such class and with rights, privileges, conditions or restrictions as may be determined by the company in accordance with these presents and subject to the legislative provisions for the time being in that behalf, andiii. 350 preference shares of Rs. 1 crore each

Company be and is hereby increased to Rs. 600,00,00,000 (Rupees six hundred crore only) divided into 120,00,00,000 (one hundred and twenty crore only) equity shares of Rs. 5 (Rupees five only) each, fromRs. 300,00,00,000 (Rupees three hundred crore only) divided into 60,00,00,000 (sixty crore only) equity shares of Rs. 5 (Rupees five only) each, by way of creation of an additional 60,00,00,000 (sixty crore only) equity shares of Rs. 5 (Rupees five only) each, aggregating to Rs. 300,00,00,000 (Rupees three hundred crore only)

10-Nov-14 Pfizer Limited AGM ManagemenMr. R.A. Sh10-Nov-14 Pfizer Limited AGM ManagemenMr. Pradip 10-Nov-14 Pfizer Limited AGM ManagemenMr. Uday Kh10-Nov-14 Pfizer Limited AGM ManagemenRemuneration10-Nov-14 Pfizer Limited AGM Managemen10-Nov-14 Wyeth Limited AGM ManagemenTo receive, 10-Nov-14 Wyeth Limited AGM ManagemenTo appoint a10-Nov-14 Wyeth Limited AGM ManagemenMessrs. B S10-Nov-14 Wyeth Limited AGM ManagemenMr. Sekhar 10-Nov-14 Wyeth Limited AGM ManagemenMr. K. K. M10-Nov-14 Wyeth Limited AGM ManagemenMr. S. S. L10-Nov-14 Wyeth Limited AGM ManagemenRemuneration10-Nov-14 Wyeth Limited AGM ManagemenApproval of 10-Nov-14 Wyeth Limited AGM ManagemenApproval of 21-Nov-14 Glenmark Pharmaceuticals Limited PBL ManagemenScheme of a19-Nov-14 Glenmark Pharmaceuticals Limited CCM ManagemeScheme of a14-Dec-14 Jubilant Foodworks Limited PBL ManagemenCompany be 13-Dec-14 SKS Microfinance Limited PBL ManagemenCompany be a23-Dec-14 Bank Of Baroda EGM ManagemenTo elect TH12-Dec-14 Siemens Limited PBL ManagemenSale and tr11-Dec-14 Crisil Limited PBL ManagemenAdoption of11-Dec-14 Crisil Limited PBL ManagemenConsent of 11-Dec-14 Crisil Limited PBL ManagemenAppointment11-Dec-14 Crisil Limited PBL ManagemenAppointment11-Dec-14 Crisil Limited PBL ManagemenAppointment11-Dec-14 Crisil Limited PBL ManagemenAppointment15-Dec-14 HDFC Bank Limited PBL ManagemenIssue of Lon15-Dec-14 HDFC Bank Limited PBL ManagemenAppointment26-Nov-14 Hero Moto Corp Limited PBL ManagemenApproval of03-Dec-14 Crompton Greaves Limited PBL ManagemenIncrease in 22-Dec-14 AIA Engineering Limited PBL ManagemenTo mortgage11-Dec-14 Tree House Education and Accessories Limited EGM ManagemenThe Company 11-Dec-14 Tree House Education and Accessories Limited EGM ManagemenAuthorized S11-Dec-14 Tree House Education and Accessories Limited EGM ManagemenThe Company 11-Dec-14 Tree House Education and Accessories Limited EGM ManagemenThe Company20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ManagemenThe Company 20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ManagemenThe company20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ShareholderMs. Radhika 20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ShareholderMr. Kavinder20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ManagemenThe company20-Dec-14 Mahindra Holidays & Resorts India Limited PBL ShareholderMr. V.S. Par27-Dec-14 ITD Cementation India Limited PBL ManagemenAppointment27-Dec-14 ITD Cementation India Limited PBL ManagemenAppointment27-Dec-14 ITD Cementation India Limited PBL ManagemenAppointment27-Dec-14 ITD Cementation India Limited PBL ManagemenPayment of

Approval of the Company be and is hereby accorded to the Board of Directors, to enter into contracts/arrangements/transactions with Pfizer Export Company, Ireland (“Pfizer Export Company”), a ‘Related Party’ as defined under Section 2(76) of the Companies Act, 2013 and Clause 49 VII of the Listing Agreement for purchase, transfer or receipt of products, goods, active pharmaceutical ingredients, materials, services or other obligations, if any, on such terms and conditions as may be mutually agreedupon between the Company and Pfizer Export Company for an amount not exceeding in aggregate Rs. 600 Crores (Rupees Six Hundred Crores only) in each financial year.

02-Jan-15 MAX India Limited PBL ManagemenAmendment t28-Dec-14 Glenmark Pharmaceuticals Limited PBL ManagemenCompany be a28-Dec-14 Glenmark Pharmaceuticals Limited PBL ManagemenCompany be a12-Jan-15 Tube Investment of India Limited PBL ManagemenCompany be &08-Jan-15 Cipla Limited PBL ManagemenMs. Punita 08-Jan-15 Cipla Limited PBL ManagemenDr. Nachike07-Jan-15 Arvind Limited CCM ManagemenComposite S07-Jan-15 ING Vysya Bank Limited EGM ManagemenBoard of Di24-Jan-15 Astral Poly Technik Limited PBL ManagemenBoard of Dir24-Jan-15 Astral Poly Technik Limited PBL ManagemenTo borrow f24-Jan-15 Astral Poly Technik Limited PBL ManagemenCompany be a24-Jan-15 Astral Poly Technik Limited PBL ManagemenCompany be a17-Jan-15 TATA Motors Limited PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited PBL ManagemenMember do h17-Jan-15 TATA Motors Limited PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited Type "A" PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited Type "A" PBL ManagemenMember do h17-Jan-15 TATA Motors Limited Type "A" PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited Type "A" PBL ManagemenMembers do 17-Jan-15 TATA Motors Limited Type "A" PBL ManagemenMembers do 07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenBank be and07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenMr. Asim Gho07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenMr. Amit Des07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenProf. S. Mah07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenMr. Prakash 07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenMs. Farida K07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenConsent of t07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenThe Authori07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenThe existing07-Jan-15 Kotak Mahindra Bank Limited EGM ManagemenBoard/Commi30-Jan-15 Siemens Limited AGM ManagemenTo receive,30-Jan-15 Siemens Limited AGM ManagemenTo declare a30-Jan-15 Siemens Limited AGM ManagemenTo appoint a30-Jan-15 Siemens Limited AGM ManagemenMessrs. S R30-Jan-15 Siemens Limited AGM ManagemenMr. Deepak 30-Jan-15 Siemens Limited AGM ManagemenMr. Yezdi H30-Jan-15 Siemens Limited AGM ManagemenMr. Darius C30-Jan-15 Siemens Limited AGM ManagemenMr. Narendra30-Jan-15 Siemens Limited AGM ManagemenMr. Keki B. 30-Jan-15 Siemens Limited AGM ManagemenMr. Pradip V30-Jan-15 Siemens Limited AGM ManagemenMr. Christia30-Jan-15 Siemens Limited AGM ManagemenMembers of 30-Jan-15 Siemens Limited AGM ManagemenCompany her

30-Jan-15 Siemens Limited AGM ManagemenCompany her30-Jan-15 Siemens Limited AGM ManagemenCompany be a30-Jan-15 Siemens Limited AGM ManagemenPayment of 30-Jan-15 Siemens Limited AGM ManagemenCompany be 05-Feb-15 Apollo Tyres Limited PBL ManagemenCompany be 05-Feb-15 Apollo Tyres Limited PBL ManagemenTo create Mo29-Jan-15 Dish TV India Limited PBL ManagemenTo Sale / Tr09-Feb-15 TATA Chemicals Limited PBL ManagemenCompany be &09-Feb-15 TATA Chemicals Limited PBL ManagemenMs. Vibha P13-Feb-15 Kirloskar Oil Engine Limited PBL ManagemenApproval fo18-Feb-15 Kirloskar Oil Engine Limited CCM ManagemenThe propose12-Feb-15 MRF Limited AGM ManagemenTo receive, 12-Feb-15 MRF Limited AGM ManagemenTo declare a12-Feb-15 MRF Limited AGM ManagemenTo appoint 12-Feb-15 MRF Limited AGM ManagemenTo appoint M12-Feb-15 MRF Limited AGM ManagemenThe Company12-Feb-15 MRF Limited AGM ManagemenThe Company12-Feb-15 MRF Limited AGM ManagemenThe Company12-Feb-15 MRF Limited AGM ManagemenThe purpose12-Feb-15 MRF Limited AGM Managemen12-Feb-15 MRF Limited AGM Managemen19-Feb-15 Adani Power Limited PBL ManagemenConsent of 26-Feb-15 State Bank of India EGM ManagemenTo create, o26-Feb-15 State Bank of India EGM ManagemenTo decide th27-Feb-15 Infosys Limited PBL ManagemenProf. Jeffr27-Feb-15 Infosys Limited PBL ManagemenProf. John 03-Mar-15 Tata Motors Limited Type "A" Postal Ballot ManagemenTo create, o03-Mar-15 Tata Motors Limited Postal Ballot ManagemenTo create, o04-Mar-15 Blue Star Limited PBL ManagemenThe company 04-Mar-15 Blue Star Limited PBL ManagemenThe company 10-Mar-15 Tech Mahindra Limited PBL ManagemenConsent of 10-Mar-15 Tech Mahindra Limited PBL ManagemenEquity share10-Mar-15 Tech Mahindra Limited PBL ManagemenClause V(a)10-Mar-15 Tech Mahindra Limited PBL ManagemenArticle 3 of06-Mar-15 Torrent Pharmaceuticals Limited PBL ManagemenTo Offer, cr06-Mar-15 Torrent Pharmaceuticals Limited PBL ManagemenTo Borrow f06-Mar-15 Torrent Pharmaceuticals Limited PBL ManagemenTo mortgage06-Mar-15 Torrent Pharmaceuticals Limited PBL ManagemenTo raise fu06-Mar-15 Torrent Pharmaceuticals Limited PBL ManagemenTo increase 05-Mar-15 CMC Limited CCM ManagemenScheme of A16-Mar-15 Gateway Distriparks Limited PBL ManagemenAmenmend in16-Mar-15 Gateway Distriparks Limited PBL ManagemenAmend in the16-Mar-15 Gateway Distriparks Limited PBL ManagemenTo accord of10-Mar-15 Allahabad Bank EGM ManagemenTo elect up10-Mar-15 Allahabad Bank EGM ManagemenTo create, o

The Company be and is hereby accorded pursuant to the provisions to create such mortgages/ charges/ hypothecation in addition to the mortgages/ charges/ hypothecationcreated/ to be created by the Company or executing a declaration of a trust or other appropriate document on such terms and conditions as the Board may think fit, on the whole or substantially the whole of the Company’s undertakings an amount not exceeding `5,000 crore (Rupees Five thousand crore only) together with interest, costs, charges, expenses, remuneration of trustees and all other monies payable.Mr. C. Govindan Kutty, Cost Accountant, appointed as Cost Auditor by the Board of Directors of the Company to conduct an audit of the Cost Records of the Company for the financial year commencing from 01.10.2014, be paid a remuneration of `5,50,000 (Rupees Five lakhs fifty thousand only) (excluding service tax, as applicable) in additionto reimbursement of out of pocket expenses and conveyance as recommended by the audit committee and approved by the Board of Directors of the Company.

10-Mar-15 Allahabad Bank EGM ManagemenTo create, o15-Mar-15 Tree House Education & Accessories Limited PBL ManagemenThe consent15-Mar-15 Tree House Education & Accessories Limited PBL ManagemenThe Company12-Mar-15 Castrol India Limited PBL ManagemenMr. S M Dat12-Mar-15 Castrol India Limited PBL ManagemenMr. R Gopal12-Mar-15 Castrol India Limited PBL ManagemenMr. Uday Kh12-Mar-15 Castrol India Limited PBL ManagemenMr. Jayanta 12-Mar-15 Castrol India Limited PBL ManagemenMr. Jayanta11-Mar-15 BAJAJ FINANCE LIMITED PBL ManagemenThe company11-Mar-15 BAJAJ FINANCE LIMITED PBL ManagemenTo mortgages11-Mar-15 BAJAJ FINANCE LIMITED PBL ManagemenThe board of11-Mar-15 The Indian Hotels Company Limited. PBL ManagemenThe Member 28-Feb-15 CMC Limited PBL ManagemenScheme of A18-Mar-15 VST Industries Limited PBL ManagemenTo amend Art27-Mar-15 Vesuvius India Limited EGM ManagemenThe Listing27-Mar-15 Vesuvius India Limited EGM ManagemenMr Subrata 27-Mar-15 Vesuvius India Limited EGM ManagemenM/s N.K.Gho27-Mar-15 Vesuvius India Limited EGM ManagemenThe Director24-Mar-15 State Bank of India EGM ManagemenThe Sharehol24-Mar-15 Syndicate Bank EGM ManagemenThe Bank be 27-Mar-15 Sundaram Finance Limited PBL Managemen27-Mar-15 Sundaram Finance Limited PBL ManagemenThe Members 25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenTo give loan25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenApproving R25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenAlteration o25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenAppointment25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenAppointment 25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenApproval of25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenApproval of25-Mar-15 Mahindra CIE Automotive Limited PBL ManagemenApproval of30-Mar-15 Puravankara Projects Limited PBL ManagemenTo Amend th30-Mar-15 Puravankara Projects Limited PBL ManagemenThe Memoran30-Mar-15 Puravankara Projects Limited PBL ManagemenThe company 25-Mar-15 Blue Dart Express Limited PBL ManagemenAppointment26-Mar-15 IndusInd Bank Limited PBL ManagemenThe Bank be 20-Mar-15 Eicher Motors Limited AGM ManagemenTo receive,20-Mar-15 Eicher Motors Limited AGM ManagemenTo declare a20-Mar-15 Eicher Motors Limited AGM ManagemenTo appoint 20-Mar-15 Eicher Motors Limited AGM ManagemenMs.Manvi Si20-Mar-15 Eicher Motors Limited AGM ManagemenMr. Sriniva20-Mar-15 Eicher Motors Limited AGM ManagemenMs. Priya B20-Mar-15 Eicher Motors Limited AGM ManagemenMr. M J Sub20-Mar-15 Eicher Motors Limited AGM ManagemenMr.Prateek 20-Mar-15 Eicher Motors Limited AGM ManagemenTo approval20-Mar-15 Eicher Motors Limited AGM ManagemenThe consent

The Company be and is hereby accorded to the Board of Directors of the Company to make investments in the securities of bodies corporate, from time to time, forsuch amounts, such that the aggregate of investments made, do not exceed RS.2000/- cr

20-Mar-15 Eicher Motors Limited AGM ManagemenTo increase 28-Mar-15 IDFC Limited PBL ManagemenMr. Surinder28-Mar-15 IDFC Limited PBL ManagemenMs. Marainn28-Mar-15 IDFC Limited PBL ManagemenMr. Omkat G28-Mar-15 IDFC Limited PBL ManagemenApproval of 28-Mar-15 IDFC Limited PBL ManagemenCreation of28-Mar-15 Reliance Industries Limited PBL ManagemenShri Mansing28-Mar-15 Reliance Industries Limited PBL ManagemenDr. Dharam V28-Mar-15 Reliance Industries Limited PBL ManagemenProf. Dipak 28-Mar-15 Reliance Industries Limited PBL ManagemenDr. Raghuna28-Mar-15 Reliance Industries Limited PBL ManagemenShri Mahesw28-Mar-15 Reliance Industries Limited PBL ManagemenClause III.A28-Mar-15 Reliance Industries Limited PBL ManagemenCompany be 21-Mar-15 TTK Healthcare Limited PBL ManagemenDr. K R Srim21-Mar-15 TTK Healthcare Limited PBL ManagemenMr. S Balasu28-Mar-15 Sesa Sterlite Limited PBL ManagemenChange of t28-Mar-15 Sesa Sterlite Limited PBL Managemen28-Mar-15 Sesa Sterlite Limited PBL ManagemenAppointment 28-Mar-15 Sesa Sterlite Limited PBL ManagemenAppointment 28-Mar-15 Sesa Sterlite Limited PBL ManagemenAppointment28-Mar-15 Sesa Sterlite Limited PBL ManagemenCompany be a28-Mar-15 Sesa Sterlite Limited PBL ManagemenCompany be a28-Mar-15 Sesa Sterlite Limited PBL ManagemenCompany be a18-Mar-15 TTK Prestige Limited PBL ManagemenDr.(Mrs).Va18-Mar-15 TTK Prestige Limited PBL ManagemenMr. Dileep 18-Mar-15 TTK Prestige Limited PBL ManagemenMr. Arun K 18-Mar-15 TTK Prestige Limited PBL ManagemenMr. Murali 18-Mar-15 TTK Prestige Limited PBL ManagemenMr. Chandru18-Mar-15 TTK Prestige Limited PBL ManagemenMr. Chandru18-Mar-15 TTK Prestige Limited PBL ManagemenThe approval18-Mar-15 Divi's Laboratories Limited PBL ManagemenThe company18-Mar-15 Divi's Laboratories Limited PBL ManagemenThe company30-Mar-15 Shoppers Stop Limited PBL ManagemenThe Re-appo12-Mar-15 NIIT Technologies PBL ManagemenThe Company

Summary

F.Y Quarter Break-up of Vote decision

For Against

2014-15 June'14, September'14, December'14 & March'15 1913 1899 14

Adoption of new Articles of Association of the Company in conformity with provisions of Companies Act,2013

Total no. of Resolutions

Disclosure of Actual Exercise of Proxy Voting in AGM/EGMs etc of Investee companies across all schemes of Axis Mutual Fund

Details of Votes cast during the Financial year 2014 - 2015

Reason Supporting the Vote Decision

in favour of For in favour of agendain favour of For in favour of agendain favour of For There is no adverse observation/comment in Auditors report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour of For Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For It is required under Companies Act.in favour of For There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adoptedin favour of For It is consistent with the dividend policy of the companyin favour of For A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsin favour of For A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsin favour of For A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour of For A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour of For A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour of For A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour of For There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour of For Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For It is required under Companies Act.in favour of For He is eligible for election and has relevant experience in the field.in favour of For He is eligible for election and has relevant experience in the field.in favour of For He is eligible for election and has relevant experience in the field.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour of For Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For He is eligible for re-election and has relevant experience in the field.in favour of For It is required under Companies Act.in favour of For This will increase the efficiencies in the company and is in benefit of all the shareholders.in favour of Forin favour of Forin favour of For We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal) in favour of For We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal)

Investee Company's Management Recommendation

Vote (For/Against/Abstain)

We approve the proposal. No material adverse issues have been highlighted in the Auditors' report, audited financial and the Directors' report. we approve the proposal for dividend

in favour of For We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal) in favour o Forin favour o For There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o For Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o For He is eligible for re-election and has relevant experience in the field.in favour o For He is eligible for re-election and has relevant experience in the field.in favour o For He is eligible for re-election and has relevant experience in the field.in favour o For It is required under Companies Act.in favour o For He is eligible for re-election and can add value to the boardin favour o For He is eligible for re-election and can add value to the boardin favour o For We approve the proposal. No material adverse issues have been highlighted in the Auditors' report, audited financials and the Directors' report.in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o For We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o Forin favour o For There is no adverse observation /comment in the financial statements, hence these can be adoptedin favour o For It is consistent with the dividend policy of the companyin favour o For A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsin favour o For A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsin favour o For A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda We agree with the merger scheme, as it is based on fair assessment of business potential and both entities are listedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda He has added signifiacant value to the company and has been a very able leader. in favour o in favour of agenda Important to incentivise the key personnel in the company, in line with industry practicesin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda Required for the ongoing operations of the companyin favour o in favour of agenda Required for the ongoing operations of the companyin favour o in favour of agenda Capital requirements will be there for the growth of the companyin favour o in favour of agenda The offer is at a fair valuation, according to us. And this assuers future promoter continiuty that can add value over next few years

They are eligible for re-election and have relevant experience in the field.

We will attend the Meeting and vote in favor. Reason - Its an internal restructuring to simplify the organization structure and will have no implication at consolidated level.

in favour o in favour of agendain favour o in favour of agenda It is consistent with the dividend policy of the company. in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda The transfer is of ongoing business is to a wholly woned subsidiary of Infosys.in favour o in favour of agenda Required for the ongoing operations of the companyin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required for the ongoing operations of the companyin favour o in favour of agenda It is required for the ongoing operations of the companyin favour o in favour of agenda We have reviewed the Scheme of Arrangement and are in favour of the expected benefits of the amalgamation of Media Business of DMCL with ZEE along with fairness of the valuationin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda This is as per Companies Actin favour o in favour of agenda This is as per Companies Actin favour o in favour of agenda This is as per Companies Actin favour o in favour of agenda This is to optimize the capital structure of the companyin favour o in favour of agenda This is as per Companies Actin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is important for the operations of the company on an ongoing basis

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

in favour o in favour of agenda It is important for the operations of the company as per companies act.in favour o in favour of agenda There is no adverse observation /comment in it and hence it is satisfactory and can be adoptedin favour o in favour of agenda This will increase the efficiencies in the company and is in benefit of all the shareholders.in favour o in favour of agenda The co has acquired the business of Mahidnra Engineering Services Ltd and merger will facilitate smooth integrationin favour o in favour of agenda this is as per the scheme of amalgamationin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agendain favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required for the ongoing and future direction of the company.in favour o in favour of agenda Company is revising limits from earlier specified borrowing limts as presecribed in the new lawin favour o in favour of agenda Company is revising limits from earlier specified mortgages/ charges/ hypothecation limts as presecribed in the new lawin favour o in favour of agenda Company is getting approval for taking deposits, as it would it for sustaining future growthin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)in favour o in favour of agenda The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)in favour o in favour of agenda The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)in favour o in favour of agenda As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.in favour o in favour of agenda Company also seeks approval to create charge on its assets, which will be needed should they decide to raise the additional debt.in favour o in favour of agenda The proceeds from the issuance of debentures will be used for long term funds for corporate and other business purposes including repayment and refinancing of the high priced loans from banks and financial institutions. These NCDs are part of Tata Motors’ debt programme and are not in addition to its borrowing limitin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and also has adequate debt raising capability.

in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is a part of the ongoing business operations and decesion makingin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required as per the business operations of the companyin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda It is consistent with the dividend policy of the companyin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required as per the business operations of the companyin favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o in favour of agenda We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o against of agenda Fertilizer manifacturing is a highly capital intensive business, which is not the core competency of this company. Hence, we don’t consider company should incur these capital investmentsin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda This will make the shareholders holder base more diverse and will lead to better corporate governance and protection of minority interests.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is consistent with the dividend policy of the companyin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda This is a part of normal course of business. in favour o in favour of agenda This makes the name short and easy to remember.in favour o against of agenda It can adversly impact the capital structure and skewed the d/e ratioin favour o against of agenda It can adversly impact the capital structure and skewed the d/e ratioin favour o in favour of agenda capital requirements is required for the ongoing and future growth of the company.in favour o in favour of agenda This has no adverse impact on business of the company

in favour o in favour of agenda This has no adverse impact on business of the companyin favour o in favour of agenda This is requried for the company to have room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis.in favour o in favour of agenda Company also seeks approval to create charge on its assets, which will be needed should they decide to raise the additional debt.in favour o in favour of agenda The ESOP trust is required for incentivizing senior management and retaining key personnel of the company, which is needed to ensure long term sustainable growth of the businessin favour o in favour of agenda This is necessary for the ongoing operations and future growth of the companyin favour o in favour of agenda There is no adverse observation /comment in the financial statements, hence these can be adoptedin favour o in favour of agenda It is consistent with the dividend policy of the companyin favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsin favour o in favour of agenda We do not see any issue with thisin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda We do not see any issue with thisin favour o in favour of agenda We do not see any issue with thisin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is important for the ongion and future operations of the companyin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is a long term retention toolfor key empoyessin favour o in favour of agenda It is a long term retention toolfor key empoyessin favour o in favour of agenda It is important for the ongion and future operations of the companyin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.

in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda This is for welfare of employeesin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o against of agenda Mr Pradip Daga is on the board of the company for the last 51 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to Pradip Daga’s long association (>10 years) with the company, he is considered non-independent.in favour o in favour of agenda Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolutionin favour o in favour of agenda In line with resolution-10 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda The issuance of debentures on private placement basis will be within the overall borrowing limit of the company.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda As per the Section 149 of Companies Act, 2013, shareholders’ approval is not required unless it is proposed to have more than 15 directors on the board. However to avoid any confusion and out of abundant caution the company proposes to revoke all such earlier resolutions related to limiting the number of directors on board.in favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda we do not see any issuein favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practice.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda we do not see any issuein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.

in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o Against of agenda Related party transactions could be used to lend monies to group companies and hence as there is no clarity on these transactions, we are against this proposalin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required as per regulatory requirementsin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required as per the business operations of the companyin favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practice.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This has no adverse impact on business of the companyin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.

in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda We approve the proposal. This is a proposal made by the management in normal course of business and we are fine with the same.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda we do not see any issuein favour o in favour of agenda RSU are an essential part of rewarding employees and retaining competetive talent within co> This seems to be the objective of this and appears fairin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.

in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is consistent with the dividend policy of the companyin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda The directors have done aresonable job and revision in salary is reasonable with their effortsin favour o in favour of agenda She is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda The directors have done aresonable job and revision in salary is reasonable with their effortsin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basis

in favour o in favour of agenda He has the relevant experience and should add value to the coin favour o in favour of agenda He has the relevant experience and should add value to the coin favour o in favour of agenda He has the relevant experience and should add value to the coin favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda We do not see an issuein favour o in favour of agenda We do not see an issuein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda We do not see an issuein favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issuesin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda Company has already disclosed this in their earlier investor interaction and steel being a capital intensive business will need higher leverage for funding expansion plans.in favour o in favour of agenda In line with resolution-1 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda The issuance of these securities will be within the overall limit of 5% of the paid-up Ordinary Share capital of the Company.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda We do not see an issuein favour o in favour of agenda We do not see an issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda Its is important for incentivising the top management of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda Ramco is not too leveraged with net debt to equity ratio <1x and has improved over the last three years. Excpet FY14, company has been improving profitability consistently. Cement is a capital intensive business and the company needs additional borrowing for its expansion in manufacturing and marketing capacitiesin favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approve

in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda She is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This funding is required for funding company’s growth prospectsin favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.

in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda We do not see an issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It will increase the liquidity of the shares and will increase retail participationin favour o in favour of agenda It will increase the liquidity of the shares and will increase retail participationin favour o in favour of agenda It will increase the liquidity of the shares and will increase retail participationin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda This is witin the legal permissible limits under companies actin favour o in favour of agenda This is as per industry practice in favour o in favour of agenda This is as per industry practice in favour o in favour of agenda we do not see any apparent issue with the samein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act and is needed for sustainable growth and corporate governance.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.

in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda ESOPS are an essential tool to retain good talent within the organization asn is as per industry practicein favour o in favour of agenda ESOPS are an essential tool to retain good talent within the organization asn is as per industry practicein favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda We do not see any appreant issues with the samein favour o in favour of agenda This approval is for seeking limits which may be required for businessin favour o in favour of agenda The incumbent director is not seeking reappointmentin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.

in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda This is inline with growth strategy of the company and inline with current business practicein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This funding is required for funding company’s growth prospectsin favour o in favour of agenda This funding is required for funding company’s growth prospects and is well within limitsin favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is as per Companies Actin favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda We do not see any issue as long as company is paying minimal rentals to the promoters company to use their facility for Astral purposein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This limit is in line with earlier approved one but new Company's Act mandates getting it reapproved if the amount exceeds paid-up share capital and free reserves of the Company, so impact is not big

in favour o in favour of agenda In line with resolution-15 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This limit is in line with earlier approved one but new Company's Act mandates getting it reapproved if the amount exceeds paid-up share capital and free reserves of the Company, so impact is not bigin favour o in favour of agenda In line with resolution-13 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda The issuance of these securities will be within the overall borrowing limit of the Company.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.

in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for minority shareholdersin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda This is as per the business requirement for future growthin favour o in favour of agenda It is as per company's Lawin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda payment for the services renderedin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.

in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda The borrowing limit is higher than with previously approved limit of Rs.20bn in Aug-13 inline with working capital requirement for new Dahej facility and other projects likely to come in futurein favour o in favour of agenda In line with resolution-17 the company needs to create charge to secure the additional borrowings and NCD issue is within borrowing limitsin favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda Required for the running of businessin favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda Its in long term interest of the shareholdersin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor and its remuneration.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda This is inline with previously approved borrowing limit but renewed due to new Companies Actin favour o in favour of agenda This is inline with previously approved borrowing limit but renewed due to new Companies Actin favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda These transactions are inline with current business practices of the company and under specified limitin favour o in favour of agenda These transactions are inline with current business practices of the company and under specified limitin favour o in favour of agenda There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda It is important for the operations of the company on an ongoing basisin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.

in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda This enhacement of borrowing limit (from Rs.2000cr to Rs.3000cr) is required for ongoing expansion plans and capacity creation.in favour o in favour of agenda In line with resolution-12 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda This is inline with ongoing activities of the company and is within permissible limits.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is a part of the ongoing business operations and decision makingin favour o in favour of agenda It is a part of the ongoing business operations and decision makingin favour o in favour of agenda It is a part of the ongoing business operations and decision makingin favour o in favour of agenda We do not see any issues.in favour o in favour of agenda It is a part of the ongoing business operations and decision makingin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is a part of the ongoing business operations and decision makingin favour o in favour of agenda Lending bank require thisin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda This is inline with earlier approved borrowing limitsin favour o in favour of agenda In line with resolution-2 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda This is required for ongoing expansion plans and capacity creation and does not overleverage the business.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda this is for the expansion of the businessin favour o in favour of agenda There is nothing adverse in favour o in favour of agenda As per legal requirementin favour o in favour of agenda As per legal requirementin favour o in favour of agenda Required for growth of the companyin favour o in favour of agenda Statuary requirementsin favour o in favour of agenda necessary for the ongion and future operations of the companyin favour o in favour of agenda necessary for the ongion and future operations of the companyin favour o in favour of agenda necessary for the ongion and future operations of the companyin favour o in favour of agenda necessary for the ongion and future operations of the companyin favour o in favour of agenda It is important for the current and the ongoing operations of the companyin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act and is within mandated limits.in favour o in favour of agenda It is required under Companies Act and is within mandated limits.in favour o in favour of agenda It is required under Companies Act and is within mandated limits.in favour o in favour of agenda It is required under Companies Act and is within mandated limits.in favour o in favour of agenda It is required under Companies Act and is within mandated limits.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is as per company's Law and we don’t see any issuein favour o in favour of agenda we do not see any issue as its project businessin favour o in favour of agenda we do not see any issue as its project businessin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.

in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Actin favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Actin favour o in favour of agenda It is as per Companies Actin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issue

in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda He is Eligible and has relecant experience in the field.in favour o in favour of agenda She is Eligible and has relecant experience in the field.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is necessary to incentivise the Non-Executive Directors for the performance of the companyin favour o in favour of agenda It is necessary for the ongoing and future operations of the companyin favour o in favour of agenda Necesaary for the ongion and future businesses of the companyin favour o in favour of agenda It is necessary for the ongoing and future operations of the companyin favour o in favour of agenda Necesaary for the ongoing and future businesses of the companyin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda Total commission paid to all the non-executive directors in the last five years has remained below 0.4% of the company’s net profits. Average commission paid to all the non-executive directors for the last five years adds up to Rs.3.2 mnin favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda we see no issue if its in the interest of the Indian entity i.e siemens indiain favour o in favour of agenda This is important for the current and future operations of the companyin favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o Against of agenda we see some discrepency in itin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda Required for the current and future operations of the companyin favour o in favour of agenda Required for the current and future operations of the companyin favour o in favour of agendain favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda The increased shareholding limit for FIIs in a company normally results in enhanced shareholder value.in favour o in favour of agenda The objective of the scheme is to reward, attract, motivate and retain employees and directors of the Company and its subsidiaries. Also, if the Company issues 4.99 mn RSU’s under the scheme at face value, the total cost to the company in a year will be Rs.13.0 bn or ~63% of FY14 consolidated net profit. Although this might not be the case, as a practice of good governance the companies should disclose the exercise price. We have therefore flagged transparency risk to the proposal.in favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda While lease consideration is higher than earlier pricing (done in recent AGM for 12 acres of land), the pricing is justified as land piece is adjacent to the company’s existing manufacturing facilities and its purchase, even if it is undertaken from a non-related party, would attract a proximity premium. Given ABRL’s performance trajectory, the Rs.403 mn payout will have a limited impact on its financials.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

1 Ashok Kumar Sharma 2 Dinesh Kumar Agarwal

in favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act and is within prescribed limits.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act and is within prescribed limits.in favour o Against of agenda The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.in favour o in favour of agenda The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates.in favour o in favour of agenda Escorts proposes to amend the Articles of Association (AoA) to delete/amend the references to various sections and schedules of the Companies Act, 1956 and to substitute them with the provisions of Companies Act, 2013.in favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is as per Companies Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda He is eligible and has relevant experience in the field.in favour o in favour of agenda It is as per Companies Actin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.in favour o in favour of agenda He is eligible for election and has relevant experience in the field. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.in favour o in favour of agenda This is with reference to the ratification of borrowing limit as discussed in Resolution 19 above. The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the company's financial statements.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda It is important for the current and future operations of the companyin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda It is imporatnt for the future the future operations of the companyin favour o in favour of agenda It is imporatnt from a long term incentive plan perspectivein favour o in favour of agenda Important for the future profitability and transparent transactions for protecting the minority shareholdersin favour o in favour of agenda He is eligible in favour o in favour of agenda He is eligible in favour o in favour of agenda He is eligible in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda Company seeks approval to raise funds up to Rs. 6 bn. At current price, this will result in a dilution of ~35.8% in the paid up share capital if full limit is used to raise equity shares. The funds raised through the issuance will enable the company to finance the company’s capital expenditure needs and also to refinance expensive debt. It will strengthen its financial position and net worth by augmenting its long term resources.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda Company seeks shareholders’ approval to pay commission to non-executive directors up to 1% of the net profits for a period of five years commencing from 1 April 2014. The total commission paid to all the non-executive directors in the last three years has remained below 1.0% of the company’s net profits.in favour o Against of agenda As on 31 March 2014, GOCL had borrowing of Rs. 1.6 bn against an aggregate paid-up share capital and free reserves of Rs. 11.3 bn. GOCL’s credit protection measures are healthy on standalone level but moderate on consolidated level. Considering the standalone debt and paid up & free reserves of the company as on 31 March 2014, we observe that the company has huge head room to borrow. Also, the company has not disclosed rationale for high borrowing limit, i.e. 25 times of the current borrowing.

in favour o in favour of agenda The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.in favour o in favour of agenda As allowed by the Companies Act 2013, company proposes to charge its members a fee for requesting a copy of its documents / registers / records etc. of Rs 10 per page requested. Hence it proposes to amend its AoA accordingly.in favour o in favour of agenda Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.in favour o Against of agenda 40% of the board consists of independent directors. We observed that in case the vacancy created due to retirement of Sanjay G Hinduja is not filled by an independent director, the board will fell short of minimum requirement of 50% independent director. Therefore, the company needs to fill the vacancy by appointing an independent director in such case.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the company's financial statements.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.in favour o in favour of agendain favour o in favour of agenda Company has generated enough profits to declare dividend and this is in line with market practicein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda There is no issue as this is will not be exceeding 1% of the profits of the companyin favour o in favour of agenda There is normal industry practice

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

in favour o in favour of agenda There is not aginst minority shareholders and does not affect the current and future operations of the companyin favour o in favour of agendain favour o in favour of agenda Company has generated enough profits to declare dividend and this is in line with market practicein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agendain favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we havent found any discrepancies in the financials statements. So we approvein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Act

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda We are in favourin favour o in favour of agenda This is important for the current and future operations of the companyin favour o in favour of agenda This is important for the current and future operations of the companyin favour o in favour of agenda This is in line with industry practicesin favour o in favour of agendain favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Company's Actin favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda We are in favour as it is for general goodin favour o in favour of agenda It is required for incentivising employess and we see no issues as long its not against the minority shareholdersin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda He is eligible for election and has relevant experience in the field.in favour o in favour of agenda Under Section 149(9) of the Companies Act, 2013, stock options should not be granted to independent directors. Therefore ESOP 2013 is proposed to be amended to comply with the provisions of the Act.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

in favour o in favour of agenda The proposed borrowing limit enables GDL to borrow upto Rs.10.1bn. This is high, given that outstanding debt on 31 March 2014 was Rs.0.39 bn on a standalone basis and Rs. 3.24 at a consolidated level. GDL has not significantly leveraged its balance sheet in the past. The company’s credit protection measures are healthy: its debt programs are rated IND A+/Positive/IND A1+, which denote adequate degree of safety regarding timely servicing of financial obligations.in favour o in favour of agenda The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.in favour o in favour of agenda The issuance of debt securities on private placement basis will be within the overall borrowing limit of the company.in favour o in favour of agenda Since this is a statutory requirement, we vote in favor in favour o Against of agenda Vote AGAINST. Mr Mallya has been categorised as wilful defaulter by few banks. Hence having him on the board may have negative implications for the company. in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o Against of agenda There are serious observations mde by new auditors in the financial accounts for Fy14. Given the he was CFO during the same period, we are against this resolution.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agendain favour o in favour of agenda Company has generated enough profits to declare dividend and this is in line with market practicein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any adverse comment in auditors reportin favour o in favour of agenda Company has generated profits and can share with shareholdersin favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda For better growth in company

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

in favour o in favour of agenda For better growth in companyin favour o in favour of agenda For better growth in companyin favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda Due to tough market conditionsin favour o in favour of agenda For rasing the debtin favour o in favour of agenda Same as above mentioned reasonin favour o in favour of agenda We don’t see any issuein favour o in favour of agenda This aligns the interest of management and shareholdersin favour o in favour of agenda This aligns the interest of management and shareholdersin favour o in favour of agenda Will increase retail partcipation and increase liquidity.in favour o in favour of agenda The sub-division would require amendments to the existing Clause V of the Memorandum of Association (MoA) of the Bank. Therefore ICICI Bank proposes to amend the MoA .in favour o in favour of agenda The sub-division would require amendments to the existing Article 5(a) of the Articles of Association (AoA) of the Bank. Therefore ICICI Bank proposes to amend the AoA.in favour o in favour of agenda in favour of agenda as we donot see any issuein favour o in favour of agenda in favour of agenda as we donot see any issuein favour o in favour of agenda in favour of agenda as we donot see any issuein favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda It is required under Companies Act and is within prescribed limits.in favour o in favour of agenda Higher borrowing limit, which is requried to fund fund future growth, is within stipulated range and does not overleverage the company. As such, current D:E is much lower than these levels and have remained so in pastin favour o in favour of agenda In line with resolution-14 the company needs to create charge to secure the additional borrowings.in favour o in favour of agenda The Non-Convertible Debentures (“NCDs”) will be carved out of the company’s overall borrowing limits.in favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda we do not see any issuein favour o in favour of agenda There is no adverse observation in the auditors reportin favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issue

in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any adverse comment in auditors reportin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda GAL is a wholly owned subsidiary of GPL; hence, no shares will be issued against the amalgamation of GAL with GPL.in favour o in favour of agenda GAL is a wholly owned subsidiary of GPL; hence, no shares will be issued against the amalgamation of GAL with GPL.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalin favour o in favour of agenda Its is required for the future operations and growth of the companyin favour o in favour of agenda For a more diversified and independent boardin favour o in favour of agenda we do not see any issue as long as its in the interest fo Indian Shareholdersin favour o in favour of agenda In line with the changing areas of operation of the companyin favour o in favour of agenda It will benefit the minority shareholders in the longer termin favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda She is eligible and has the relevent experiencein favour o in favour of agenda It is importatnt for the longer term growth and operations of the companyin favour o in favour of agenda He is qualified and is eligiblein favour o in favour of agenda Resolution relates to the company carrying out activities of R&D and product development which are essential for its primary businessin favour o in favour of agenda we do not see any issuein favour o in favour of agenda WE DO NOT SEE ANY ISSUE AND WE FAVOR FOR THE RESOLUTIONin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda It will help in reward, attract, motivate and retain employeesin favour o in favour of agenda It will help in reward, attract, motivate and retain employeesin favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda We don’t see any issuein favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda He is eligible and has the relevent experiencein favour o in favour of agenda This is in line with industry practices

in favour o in favour of agenda It is line with the evolving enviornment in the economy to be present in new opportunities for the benefit of capturing growth opportunities and synergies with existing businessin favour o in favour of agenda It will improve the capital structure of the company in favour o in favour of agenda It will improve the capital structure of the company in favour o in favour of agenda Since the proposed investment in the equity shares of TTPL, of a sum upto Rs.175 mn, together with the investments already made by TIL, will be in excess of the limits prescribed under Section 186 of the Companies Act, 2013 which is Rs.12 bn, prior approval of the shareholders by way of a Special Resolution is required. The funds required for this investment will be met out of internal accruals or such other sources as the Board may deem appropriate. Considering the nature of business, potential customers and market, recommend voting FOR the resolution.in favour o in favour of agenda Don’t see any issuein favour o in favour of agenda Don’t see any issuein favour o in favour of agenda this segregation of businesses will help Arvind to focus on its core business operations; as the real estate business will entirely be handled by AIL.in favour o in favour of agenda the merger is beneficial for the minority shareholders and is good from a medium to longterm perspectivein favour o in favour of agenda We do not see any issue, we favorin favour o in favour of agenda We do not see any issue, we favorin favour o in favour of agenda We do not see any issue, we favorin favour o in favour of agenda We do not see any issue, we favorin favour o in favour of agenda Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.in favour o in favour of agenda Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.in favour o in favour of agendain favour o in favour of agenda Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.in favour o in favour of agenda Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.in favour o in favour of agenda Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.in favour o in favour of agenda Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.in favour o in favour of agendain favour o in favour of agenda Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.in favour o in favour of agenda Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.in favour o in favour of agenda He is eligible and had the relevant experiencein favour o in favour of agenda He is eligible and had the relevant experiencein favour o in favour of agenda He is eligible and had the relevant experiencein favour o in favour of agenda He is eligible and had the relevant experiencein favour o in favour of agenda He is eligible and had the relevant experiencein favour o in favour of agenda she is eligible and had the relevant experiencein favour o in favour of agenda It increases the partcipation in the shreholding of the companyin favour o in favour of agenda It is required for the future operations of the companyin favour o in favour of agenda It is required for the future operations and plans of the companyin favour o in favour of agenda We do not see any issue, we favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favor

i. His total remuneration includes statutory death benefits of Rs.24.1 mnii. His total remuneration is insignificant considering the size of the Company. He was paid ~0.1% of FY14 consolidated net profit of the Company.

i. His total remuneration includes statutory death benefits of Rs.24.1 mnii. His total remuneration is insignificant considering the size of the Company. He was paid ~0.1% of FY14 consolidated net profit of the Company.

in favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agenda We vote in favorin favour o in favour of agendain favour o in favour of agenda The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.in favour o in favour of agenda It will improve the focus and reporting structure of the companyin favour o in favour of agenda Company plans to introduce new products including staples, cereals, spices, ready to cook spice mixes, pastes, ready to eat processed food products, ready to cook or semi processed food products, wellness products, etc. In this regard, it has proposed to amed the Object Clause of Memorandum of Association by insertng appropriate clausein favour o in favour of agenda She is eligible for election and has relevant experience in the field.in favour o in favour of agenda we are in favorin favour o in favour of agenda We are in favorin favour o in favour of agenda There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda His reappointment is in line with all the statutory requirements.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda KM Mammen’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryin favour o in favour of agenda Arun Mammen’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryin favour o in favour of agenda Rahul Mammen Mappillai’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryin favour o in favour of agenda MRF is in the business of manufacture and sale of tyres and tubes. The company needs funds to finance its expansion activities. MRF’s debt of Rs 18.2 bn on 30 September 2014 is at comfortable level. It has maintained its debt-to-networth at around 0.5 times in the last three years. Debt-to-EBIDTA improved to 0.9x from 1.3x during this period. Even if the company utilizes the proposed limit fully, its credit protection measures would remain at a comfortable level.in favour o in favour of agenda MRF would need to create a charge on its assets to raise incremental debt: secured debt usually carries a lower interest cost than unsecured debt.in favour o in favour of agendain favour of For we donot see any issuein favour o in favour of agenda capital is required for future growth of the companyin favour o in favour of agenda to get best price discovery for issuance and to comply to regulatory requirementsin favour o in favour of agenda There is nothing against the new appointee and he has strong credentials which should add value to the boardin favour o in favour of agenda There is nothing against the new appointee and he has strong credentials which should add value to the boardin favour o in favour of agendain favour o in favour of agendain favour o in favour of agenda We are in favorin favour o in favour of agenda we are in favorin favour o in favour of agenda Issuance of free shares to shareholders will reward shareholdersin favour o in favour of agenda Sub division of shares will improve liquidityin favour o in favour of agenda the change in share capital will facilitate sub division of sharesin favour o in favour of agenda the change in share capital will facilitate sub division of sharesin favour o in favour of agenda For in organic initiatives and acceleration of growthin favour o in favour of agenda For in organic initiatives and acceleration of growthin favour o in favour of agenda For in organic initiatives and acceleration of growthin favour o in favour of agenda For in organic initiatives and acceleration of growthin favour o in favour of agenda For in organic initiatives and acceleration of growthin favour o in favour of agenda The merger is in the long term interest of shareholdersin favour o in favour of agenda The amendments are related to creating charge on assets, and updating the authorized share capital clause of the company. Now as per the new amendment certain sections are inserted in the existing clause to align the article with the respective section of Companies Act, 2013.in favour o in favour of agenda The company’s existing articles are based on the Companies Act, 1956. Several regulations in the existing Articles of Association (AoA) contain references to specific sections of the Companies Act, 1956 and some regulations in the existing AoA are no longer in conformity with the Act.in favour o in favour of agendain favour o in favour of agenda for independence of boardin favour o in favour of agenda require capital for future business

We observe that even if the company raises the entire debt (to the full extent of the borrowing limit), credit protection measures will not deteriorate significantly and the debt-equity ratio will remain well under 2:1x.This resolution is flagged as carrying Moderate to High Risk because, in the past, Apollo Tyres has used the available room in its borrowing limits to make debt-funded acquisitions.

As per Section 148 of Companies Act 2013, the remuneration payable to cost auditors has to be ratified by shareholders of the company. Accordingly, consent of shareholders is sought through an ordinary resolution in order to ensure compliance with the said Section.The board has approved the appointment C Govindan Kutty as cost auditors of the company for the year commencing from 1 October 2014 2015, at a remuneration of Rs 5,50,000 (excluding out-of-pocket expenses).

Tata Motors proposes a right issuance of Rs.75.0 bn to its shareholders: ‘Ordinary’ and ‘A’ Ordinary rights will be in same ratio as is currently outstanding.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.Tata Motors proposes a right issuance of Rs.75.0 bn to its shareholders: ‘Ordinary’ and ‘A’ Ordinary rights will be in same ratio as is currently outstanding.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

Company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.The company has stated that the consideration for the transaction is based on the prevailing market prices, which is valued by an independent valuer. As per the independent valuation the price of sale is estimated at Rs.68.5 mn per an acre of land.

in favour o in favour of agenda require capital for future businessin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda His reappointment is in line with all the statutory requirementsin favour o in favour of agenda His reappointment is in line with all the statutory requirementsin favour o in favour of agenda His reappointment is in line with all the statutory requirementsin favour o in favour of agenda His reappointment is in line with all the statutory requirements.in favour o in favour of agenda Jayanta Chatterjee has been appointed as ‘Director - Supply Chain’. The proposed remuneration of up to Rs. 21.2 mn per annum is in line with peers.in favour o in favour of agendain favour o in favour of agenda The terms of borrowing, interest rates etc. for secured loans tend to be better than those for unsecured loans.in favour o in favour of agenda BFL proposes to adopt a new set of Articles of Association, in substitution for, and to the exclusion of, the existing Articles of Association (which are based on the Companies Act 1956) of the Company, in order to make its Articles of Association in tandem with the Companies Act 2013. Pursuant to Section 14 of the Companies Act, 2013, approval of shareholders by way of a special resolution is required for adoption of a new set of Articles of Association of the Company.in favour o in favour of agenda We don’t see any issuein favour o in favour of agenda The merger is in the long term interest of shareholdersin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda Nayantara Palchoudhuri has more than 20 years of experience in operations and management of tea estates. She is presently serving as the Honorary Consul for Norway in the Eastern Region looking after their trade development and consular matters. Her appointment is in line with all the statutory requirements.in favour o in favour of agenda Subrata Roy has been appointed as ‘Managing Director’ effective 1 January 2015 for five years. The proposed remuneration of up to Rs. 13.8 mn per annum is in line with remuneration paid to peers.in favour o in favour of agenda The reappointment of NK Ghosh & Associates as Cost Auditors is in line with the statutory requirementsin favour o in favour of agenda Vesuvius India seeks shareholders’ approval to pay commission up-to one percent of the net profit of the company to Non-Executive Directors for five years effective 1 January 2015. The commission paid to Non-Executive Directors in the last three years has ranged between 0.2% and 0.4% of reported net profit.in favour o in favour of agendain favour o in favour of agendain favour o in favour of agendain favour o in favour of agenda Sundaram Finance seeks to issue non-convertible debentures and/or other debt securities on private placement basis. These securities are part of the company’s debt programme and are not in addition to its borrowing limit.in favour o in favour of agendain favour o in favour of agenda Proposed transaction will be in the ordinary course of business and on an arm’s length basis.in favour o in favour of agenda Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.in favour o in favour of agenda His appointment is in line with all the statutory requirements.in favour o in favour of agenda His appointment is in line with all the statutory requirements. His directorship will be liable to retire by rotation. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.in favour o in favour of agenda His appointment is in line with all statutory requirements. As per the proposed terms, his basic salary will be Rs 3.1 mnin favour o in favour of agenda He is being appointed as whole time director and designated as Executive Chairman of the company. His appointment is in line with all the statutory requirements. As per the proposed terms, his basic salary will be Rs 22.4 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.in favour o in favour of agenda His previous tenure expired on 3 October 2014. Now the company proposes to reappoint him as MD for a further period of three years wef 4 October 2014. His basic salary will be Rs 3.1 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.in favour o in favour of agenda To comply with company law 2013in favour o in favour of agenda To comply with company law 2013in favour o in favour of agenda To comply with company law 2013in favour o in favour of agenda Narendra P Sarda’s appointment is in line with all statutory requirementsin favour o in favour of agendain favour o in favour of agenda There is no adverse observation/comment in Auditors report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedin favour o in favour of agenda Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.in favour o in favour of agenda It is required under Companies Act.in favour o in favour of agenda Ms. Manvi Sinha is a journalist. Her appointment is line with the statutory requirements.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda She is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda He is eligible for re-election and has relevant experience in the field.in favour o in favour of agenda The company is already authorized to pay commission of upto 1% to its non-executive directors. It is now seeking to renew this pay structure for a further period of five years w.e.f 1 January 2015. We observe that the total commission in CY14 aggregated to Rs.7.7 mn, which is reasonable given the size and scale of company. In addition, in the last three years, the commission paid to non-executive directors has been well below the limit of 1%.in favour o in favour of agenda As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

In order to comply with the provisions of Section 180 (1) (c) of the Companies Act 2013, Bajaj Finance Company Ltd. (BFL) seeks shareholder approval by way of a special resolution to increase its borrowing limit from Rs. 300 bn to Rs 500 bn.As on 31 December 2014, the NBFC had a debt of Rs. 249.3 bn as against a networth of Rs. 44.6 bn. The NBFC is well capitalized - its overall capital adequacy ratio of 18.7% is much higher than RBI’s minimum requirement of 15%. Further, BFL’s debt is rated CRISIL AA+/Stable/CRISIL A1+, which indicates an adequate degree of safety regarding timely servicing of financial obligations.

The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from 1 April 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations.As on 31 December 2014, Syndicate Bank’s Tier I CRAR under Basel III is 7.61% with total CRAR at 10.46%. This is above the RBI’s requirements as per BASEL II and lower than its guidelines under BASEL III norms where Indian Banks are required to maintain a minimum CAR of 11.5% including Capital Conservation Buffer of 2.5% by 31 Mach 2018.Syndicate Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in the years to come. Thus the Bank plans to raise further Tier I capital to the extent of Rs.4.6 bn, by issuing 37.4 mn equity shares at Rs.122.75 per share to Government of India.The preferential issue will lead to a ~5.7% dilution for minority shareholders. Government of India’s stake in the Bank will increase from 67.39% to 69.24%.As on 31 December 2014, Sundaram Finance Ltd’s (Sundaram Finance) inter-corporate transactions aggregated Rs.11.3 bn. The Company seeks approval to increase its intercorporate transaction limit upto Rs.20.0 bn from the existing limit of Rs.15.0 bn. The increase is limit is essential for growing its business activities and for strategic reasons.As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions.After the scheme of amalgamation, the limits available under Section 186 for inter corporate transactions (Rs 8.7 bn) has been exhausted. Therefore, Mahindra CIE needs shareholder approval to increase the limit to Rs. 25 bn for additional investments.The approval for proposed transaction is sought in order to attain greater financial flexibility and to enable optimal financing structure

IndusInd Bank had a capital adequacy ratio of 12.39% as on 31 December 2014, which is close to RBI’s minimum requirement of 9%. Therefore, in order to maintain its capital adequacy and support balance sheet growth, the bank proposes to issue Long Term Infrastructure Bonds and Subordinated Non-Convertible Debentures upto Rs.20 bn through private placement.This is an enabling resolution. The issuance of all debt securities on private placement basis will be within the overall borrowing limit.

in favour o in favour of agenda This is an enabling provision, which will provide for further foreign investment in the company.in favour o Against of agenda SS Kohli has been on the board of the company almost for the past 10 years, he will complete 10 years on board on IDFC on 27 April 2015. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (~10 years) with the company, he is considered non-independent.in favour o in favour of agenda Marianne Okland’s reappointment is in line with all the statutory requirements.in favour o Against of agenda Omkar Goswami has been on the board of the company for the past 12 years. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (>10 years) with the company, he is considered non-independent.in favour o in favour of agendain favour o in favour of agenda For the purpose of business operations, the company raises funds by way of borrowings, which are secured. This is to comply with the provisions of Companies Act, 2013.in favour o in favour of agenda We don’t see any issue and it is allowed as per the Company lawin favour o in favour of agenda We don’t see any issue and it is allowed as per the Company lawin favour o in favour of agendain favour o in favour of agenda His reappointment is in line with all the statutory requirements.in favour o in favour of agenda The appointment of Maheswar Sahu is in line with all the statutory requirements.in favour o in favour of agendain favour o in favour of agenda His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.in favour o in favour of agenda We do not see any issue in thisin favour o in favour of agenda We do not see any issue in thisin favour o in favour of agendain favour o in favour of agendain favour o in favour of agenda Ravi Kant is the former Managing Director of Tata Motors. His reappointment is in line with all statutory guidelines.in favour o in favour of agenda Ms. Lalitha Gupte is the former Joint Managing Director of ICICI Bank. Her reappointment is in line with all statutory guidelines.in favour o Against of agendain favour o in favour of agendain favour o in favour of agendain favour o in favour of agendain favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda we donot see any issuein favour o in favour of agenda They are doing good jobin favour o in favour of agenda They are doing good jobin favour o in favour of agenda A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.in favour o in favour of agenda this is for busniess purpose

Break-up of Vote decision

Abstained

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In line with Reserve Bank of India’s (RBI) regulations, IDFC proposes to impose restrictions on the transfer of shares in its Articles of Association (AoA) so that any potential transferee acquiring shares in the company, which result in triggering the threshold limits in IDFC Bank Ltd., will need to comply with the ‘fit and proper’ criteria.Although this goes against the listing agreement, which ensures free transferability of shares, this change is in line with conditions imposed by RBI, we expect that the company will revise/remove this clause if RBI relaxes/removes the current thresholds.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.Shareholders may note, the company has clarified to us that it is on the process of inducting independent director by the end of AGM in 2017.

Reliance Industries proposes to alter Clause III.A of the objects clause of MoA. The amendments are related to the company’s business scope into e-commerce, banking services, cloud and IT services.RIL is already in the above mentioned businesses through its different subsidiaries. The company needs shareholders’ approval for the amendments in the object clause as the company at its standalone level may enter into the above mentioned businesses in future.

Pursuant to the scheme of arrangement between Sterlite Industries Ltd (Sterlite), MALCO, Sterlite Energy Ltd (SEL) and Vedanta Aluminium Ltd (VAL) with Sesa Goa Ltd (Sesa Goa) the Company’s name was changed to ‘Sesa Sterlite Ltd’. The name change was effective from 18 September 2013.The Company now proposes to change this name to ‘Vedanta Ltd’. According to the Company the new name has a better alignment with the brand ‘Vedanta’.The existing Articles of Association (AoA) are based on the Companies Act, 1956 and several regulations in the existing AoA contain references to specific sections of the Companies Act, 1956. Further, some regulations in the existing AoA are no longer in conformity with the Companies Act 2013.With the coming into force of the Companies Act, 2013, several regulations of the existing AoA of the Company require alteration or deletion. Accordingly, the Company has proposed to replace the entire existing AoA by a set of new Articles.

Naresh Chandra was Director of Vedanta Resource plc between 2004 and 2013. Vedanta Resources plc is the holding company of Sesa Sterlite. Accordingly, he is associated with the Vedanta group as Director for over 12 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the group, he is considered non-independent.However, if the Company believes that it will benefit from Naresh Chandra serving on the board, they should appoint him as a non-independent director and induct additional independent directors to ensure that the board composition is in line with the requirements of Clause 49 of the Listing Agreement.Sesa Sterlite proposes to launch ‘Vedanta Employees Stock Option Scheme’ (ESOS), comprising 148.2 mn stock options representing 5% of the paid up share capital on 31 December 2014. Employees may be granted options upto a maximum of 150% of salary. The options will vest over one to three years, or a period evaluated by the Nomination and Remuneration Committee based on select parameters.The total cost of the ESOS scheme is high, but its impact will be spread over several years. The options will be issued at face value (Re.1), while the current market price is over Rs.200: the cost of the ESOS scheme aggregates to over Rs.30bn, which accounts for over 30% of the company’s consolidated profits. Sesa Sterlite’s management has clarified that the stock options will be granted over an extended period of time – therefore, the annual cost of granting ESOPs is not expected to be greater than 5% of profits.Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.Refer to the discussion for Resolution#6.Sesa Sterlite’s management has clarified that the stock options will not be extended to employees of companies that have their own stock option schemes.Sesa Sterlite proposes to use the ‘trust’ route for the implementation of ESOS. If approved, the trust can acquire 148.2 mn equity shares and transfer them to employees upon exercise of stock options. Under this route, no new equity shares will be issued upon the exercise of stock options and the share capital of the Company will not be diluted.Also, in line with the requirements of ESOP regulations, neither the ESOP Trust nor any of its trustees shall exercise voting rights in respect of shares of the Company held by the ESOP Trust.

There is no adverse observation/comment in Auditors report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsA vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This will increase the efficiencies in the company and is in benefit of all the shareholders.

We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal) We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal)

We approve the proposal. No material adverse issues have been highlighted in the Auditors' report, audited financial and the Directors' report.

We approve the proposal. ( As per information available with us, there are no adverse issues that necessitate any opposition to this proposal)

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

We approve the proposal. No material adverse issues have been highlighted in the Auditors' report, audited financials and the Directors' report.We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)

There is no adverse observation /comment in the financial statements, hence these can be adopted

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsA vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamicsA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedWe agree with the merger scheme, as it is based on fair assessment of business potential and both entities are listedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

He has added signifiacant value to the company and has been a very able leader. Important to incentivise the key personnel in the company, in line with industry practices

The offer is at a fair valuation, according to us. And this assuers future promoter continiuty that can add value over next few years

We will attend the Meeting and vote in favor. Reason - Its an internal restructuring to simplify the organization structure and will have no implication at consolidated level.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

We have reviewed the Scheme of Arrangement and are in favour of the expected benefits of the amalgamation of Media Business of DMCL with ZEE along with fairness of the valuationThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in it and hence it is satisfactory and can be adoptedThis will increase the efficiencies in the company and is in benefit of all the shareholders.The co has acquired the business of Mahidnra Engineering Services Ltd and merger will facilitate smooth integration

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Company is revising limits from earlier specified borrowing limts as presecribed in the new lawCompany is revising limits from earlier specified mortgages/ charges/ hypothecation limts as presecribed in the new lawCompany is getting approval for taking deposits, as it would it for sustaining future growthThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.Company also seeks approval to create charge on its assets, which will be needed should they decide to raise the additional debt.The proceeds from the issuance of debentures will be used for long term funds for corporate and other business purposes including repayment and refinancing of the high priced loans from banks and financial institutions. These NCDs are part of Tata Motors’ debt programme and are not in addition to its borrowing limitThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)

We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)We approve the proposal. (This is a proposal made by the management in normal course of business and we are fine with the same.)

Fertilizer manifacturing is a highly capital intensive business, which is not the core competency of this company. Hence, we don’t consider company should incur these capital investmentsThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This will make the shareholders holder base more diverse and will lead to better corporate governance and protection of minority interests.There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

capital requirements is required for the ongoing and future growth of the company.

This is requried for the company to have room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis.Company also seeks approval to create charge on its assets, which will be needed should they decide to raise the additional debt.The ESOP trust is required for incentivizing senior management and retaining key personnel of the company, which is needed to ensure long term sustainable growth of the business

There is no adverse observation /comment in the financial statements, hence these can be adopted

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics

A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

Mr Pradip Daga is on the board of the company for the last 51 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to Pradip Daga’s long association (>10 years) with the company, he is considered non-independent.Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolutionIn line with resolution-10 the company needs to create charge to secure the additional borrowings.The issuance of debentures on private placement basis will be within the overall borrowing limit of the company.

As per the Section 149 of Companies Act, 2013, shareholders’ approval is not required unless it is proposed to have more than 15 directors on the board. However to avoid any confusion and out of abundant caution the company proposes to revoke all such earlier resolutions related to limiting the number of directors on board.There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.

Company has generated enough Profits to pay dividend to the shareholders and in the line with market practice.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Related party transactions could be used to lend monies to group companies and hence as there is no clarity on these transactions, we are against this proposal

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and in the line with market practice.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

We approve the proposal. This is a proposal made by the management in normal course of business and we are fine with the same.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

RSU are an essential part of rewarding employees and retaining competetive talent within co> This seems to be the objective of this and appears fair

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

The directors have done aresonable job and revision in salary is reasonable with their efforts

The directors have done aresonable job and revision in salary is reasonable with their efforts

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conducted

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.Company has already disclosed this in their earlier investor interaction and steel being a capital intensive business will need higher leverage for funding expansion plans.In line with resolution-1 the company needs to create charge to secure the additional borrowings.The issuance of these securities will be within the overall limit of 5% of the paid-up Ordinary Share capital of the Company.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.

A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

Ramco is not too leveraged with net debt to equity ratio <1x and has improved over the last three years. Excpet FY14, company has been improving profitability consistently. Cement is a capital intensive business and the company needs additional borrowing for its expansion in manufacturing and marketing capacities

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.

Company has generated enough Profits to pay dividend to the shareholders and in line with market practice.

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conducted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

It is required under Companies Act and is needed for sustainable growth and corporate governance.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.

ESOPS are an essential tool to retain good talent within the organization asn is as per industry practiceESOPS are an essential tool to retain good talent within the organization asn is as per industry practice

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This is inline with growth strategy of the company and inline with current business practiceThere is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This funding is required for funding company’s growth prospects and is well within limitsThere is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedwe havent found any discrepancies in the financials statements. So we approvewe havent found any discrepancies in the financials statements. So we approve

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedThere is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

We do not see any issue as long as company is paying minimal rentals to the promoters company to use their facility for Astral purpose

There is no adverse observation /comment in the financial statemnets of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This limit is in line with earlier approved one but new Company's Act mandates getting it reapproved if the amount exceeds paid-up share capital and free reserves of the Company, so impact is not big

In line with resolution-15 the company needs to create charge to secure the additional borrowings.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This limit is in line with earlier approved one but new Company's Act mandates getting it reapproved if the amount exceeds paid-up share capital and free reserves of the Company, so impact is not bigIn line with resolution-13 the company needs to create charge to secure the additional borrowings.The issuance of these securities will be within the overall borrowing limit of the Company.There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

The borrowing limit is higher than with previously approved limit of Rs.20bn in Aug-13 inline with working capital requirement for new Dahej facility and other projects likely to come in futureIn line with resolution-17 the company needs to create charge to secure the additional borrowings and NCD issue is within borrowing limits

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.Company has generated enough Profits to pay dividend to the shareholders and this is in line with market practice.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor and its remuneration.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This is inline with previously approved borrowing limit but renewed due to new Companies ActThis is inline with previously approved borrowing limit but renewed due to new Companies Act

These transactions are inline with current business practices of the company and under specified limitThese transactions are inline with current business practices of the company and under specified limitThere is no adverse observation /comment in the financial statements of the company, hence these can be adopted.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

This enhacement of borrowing limit (from Rs.2000cr to Rs.3000cr) is required for ongoing expansion plans and capacity creation.In line with resolution-12 the company needs to create charge to secure the additional borrowings.This is inline with ongoing activities of the company and is within permissible limits.There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

In line with resolution-2 the company needs to create charge to secure the additional borrowings.This is required for ongoing expansion plans and capacity creation and does not overleverage the business.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

It is necessary to incentivise the Non-Executive Directors for the performance of the company

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

Total commission paid to all the non-executive directors in the last five years has remained below 0.4% of the company’s net profits. Average commission paid to all the non-executive directors for the last five years adds up to Rs.3.2 mn

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

The increased shareholding limit for FIIs in a company normally results in enhanced shareholder value.The objective of the scheme is to reward, attract, motivate and retain employees and directors of the Company and its subsidiaries. Also, if the Company issues 4.99 mn RSU’s under the scheme at face value, the total cost to the company in a year will be Rs.13.0 bn or ~63% of FY14 consolidated net profit. Although this might not be the case, as a practice of good governance the companies should disclose the exercise price. We have therefore flagged transparency risk to the proposal.

While lease consideration is higher than earlier pricing (done in recent AGM for 12 acres of land), the pricing is justified as land piece is adjacent to the company’s existing manufacturing facilities and its purchase, even if it is undertaken from a non-related party, would attract a proximity premium. Given ABRL’s performance trajectory, the Rs.403 mn payout will have a limited impact on its financials.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

Company has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates.Escorts proposes to amend the Articles of Association (AoA) to delete/amend the references to various sections and schedules of the Companies Act, 1956 and to substitute them with the provisions of Companies Act, 2013.There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.He is eligible for election and has relevant experience in the field. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.This is with reference to the ratification of borrowing limit as discussed in Resolution 19 above. The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates.A vote FOR this resolution is warranted given the absence of any known issues surrounding the company's financial statements.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

Important for the future profitability and transparent transactions for protecting the minority shareholders

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

Company seeks approval to raise funds up to Rs. 6 bn. At current price, this will result in a dilution of ~35.8% in the paid up share capital if full limit is used to raise equity shares. The funds raised through the issuance will enable the company to finance the company’s capital expenditure needs and also to refinance expensive debt. It will strengthen its financial position and net worth by augmenting its long term resources.

Company seeks shareholders’ approval to pay commission to non-executive directors up to 1% of the net profits for a period of five years commencing from 1 April 2014. The total commission paid to all the non-executive directors in the last three years has remained below 1.0% of the company’s net profits.As on 31 March 2014, GOCL had borrowing of Rs. 1.6 bn against an aggregate paid-up share capital and free reserves of Rs. 11.3 bn. GOCL’s credit protection measures are healthy on standalone level but moderate on consolidated level. Considering the standalone debt and paid up & free reserves of the company as on 31 March 2014, we observe that the company has huge head room to borrow. Also, the company has not disclosed rationale for high borrowing limit, i.e. 25 times of the current borrowing.

The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.As allowed by the Companies Act 2013, company proposes to charge its members a fee for requesting a copy of its documents / registers / records etc. of Rs 10 per page requested. Hence it proposes to amend its AoA accordingly.Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.40% of the board consists of independent directors. We observed that in case the vacancy created due to retirement of Sanjay G Hinduja is not filled by an independent director, the board will fell short of minimum requirement of 50% independent director. Therefore, the company needs to fill the vacancy by appointing an independent director in such case.A vote FOR this resolution is warranted given the absence of any known issues surrounding the company's financial statements.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.

Company has generated enough profits to declare dividend and this is in line with market practiceA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no issue as this is will not be exceeding 1% of the profits of the company

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

There is not aginst minority shareholders and does not affect the current and future operations of the company

Company has generated enough profits to declare dividend and this is in line with market practiceA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this proposal is warranted given the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

There is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adoptedThere is no adverse observation /comment in the Auditor's Report, Financial A/c's hence these can be adopted. The Director's report is satisfactory and can be adopted

It is required for incentivising employess and we see no issues as long its not against the minority shareholdersThere is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adopted

Under Section 149(9) of the Companies Act, 2013, stock options should not be granted to independent directors. Therefore ESOP 2013 is proposed to be amended to comply with the provisions of the Act.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

The proposed borrowing limit enables GDL to borrow upto Rs.10.1bn. This is high, given that outstanding debt on 31 March 2014 was Rs.0.39 bn on a standalone basis and Rs. 3.24 at a consolidated level. GDL has not significantly leveraged its balance sheet in the past. The company’s credit protection measures are healthy: its debt programs are rated IND A+/Positive/IND A1+, which denote adequate degree of safety regarding timely servicing of financial obligations.The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.The issuance of debt securities on private placement basis will be within the overall borrowing limit of the company.

Vote AGAINST. Mr Mallya has been categorised as wilful defaulter by few banks. Hence having him on the board may have negative implications for the company. A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.There are serious observations mde by new auditors in the financial accounts for Fy14. Given the he was CFO during the same period, we are against this resolution.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

Company has generated enough profits to declare dividend and this is in line with market practiceA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this proposal is warranted in the absence of any known issues concerning the auditor, its remuneration, and the way the audit was conductedA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any adverse comment in auditors report

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

There is no adverse observation /comment in the financial statements of the company, hence these can be adopted.

The sub-division would require amendments to the existing Clause V of the Memorandum of Association (MoA) of the Bank. Therefore ICICI Bank proposes to amend the MoA .The sub-division would require amendments to the existing Article 5(a) of the Articles of Association (AoA) of the Bank. Therefore ICICI Bank proposes to amend the AoA.

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

Higher borrowing limit, which is requried to fund fund future growth, is within stipulated range and does not overleverage the company. As such, current D:E is much lower than these levels and have remained so in pastIn line with resolution-14 the company needs to create charge to secure the additional borrowings.The Non-Convertible Debentures (“NCDs”) will be carved out of the company’s overall borrowing limits.

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

A vote FOR this resolution is warranted given the absence of any adverse comment in auditors reportA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalA vote FOR this resolution is warranted given the absence of any known issues surrounding the proposalGAL is a wholly owned subsidiary of GPL; hence, no shares will be issued against the amalgamation of GAL with GPL.GAL is a wholly owned subsidiary of GPL; hence, no shares will be issued against the amalgamation of GAL with GPL.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal

Resolution relates to the company carrying out activities of R&D and product development which are essential for its primary business

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

It is line with the evolving enviornment in the economy to be present in new opportunities for the benefit of capturing growth opportunities and synergies with existing business

Since the proposed investment in the equity shares of TTPL, of a sum upto Rs.175 mn, together with the investments already made by TIL, will be in excess of the limits prescribed under Section 186 of the Companies Act, 2013 which is Rs.12 bn, prior approval of the shareholders by way of a Special Resolution is required. The funds required for this investment will be met out of internal accruals or such other sources as the Board may deem appropriate. Considering the nature of business, potential customers and market, recommend voting FOR the resolution.

this segregation of businesses will help Arvind to focus on its core business operations; as the real estate business will entirely be handled by AIL.the merger is beneficial for the minority shareholders and is good from a medium to longterm perspective

Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

i. His total remuneration includes statutory death benefits of Rs.24.1 mnii. His total remuneration is insignificant considering the size of the Company. He was paid ~0.1% of FY14 consolidated net profit of the Company.

i. His total remuneration includes statutory death benefits of Rs.24.1 mnii. His total remuneration is insignificant considering the size of the Company. He was paid ~0.1% of FY14 consolidated net profit of the Company.

The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.

Company plans to introduce new products including staples, cereals, spices, ready to cook spice mixes, pastes, ready to eat processed food products, ready to cook or semi processed food products, wellness products, etc. In this regard, it has proposed to amed the Object Clause of Memorandum of Association by insertng appropriate clause

There is no adverse observation/comment in Audiotrs report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

KM Mammen’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryArun Mammen’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryRahul Mammen Mappillai’s remuneration is linked to company performance and comparable to peers in similar-sized companies in the industryMRF is in the business of manufacture and sale of tyres and tubes. The company needs funds to finance its expansion activities. MRF’s debt of Rs 18.2 bn on 30 September 2014 is at comfortable level. It has maintained its debt-to-networth at around 0.5 times in the last three years. Debt-to-EBIDTA improved to 0.9x from 1.3x during this period. Even if the company utilizes the proposed limit fully, its credit protection measures would remain at a comfortable level.MRF would need to create a charge on its assets to raise incremental debt: secured debt usually carries a lower interest cost than unsecured debt.

to get best price discovery for issuance and to comply to regulatory requirementsThere is nothing against the new appointee and he has strong credentials which should add value to the boardThere is nothing against the new appointee and he has strong credentials which should add value to the board

The amendments are related to creating charge on assets, and updating the authorized share capital clause of the company. Now as per the new amendment certain sections are inserted in the existing clause to align the article with the respective section of Companies Act, 2013.The company’s existing articles are based on the Companies Act, 1956. Several regulations in the existing Articles of Association (AoA) contain references to specific sections of the Companies Act, 1956 and some regulations in the existing AoA are no longer in conformity with the Act.

We observe that even if the company raises the entire debt (to the full extent of the borrowing limit), credit protection measures will not deteriorate significantly and the debt-equity ratio will remain well under 2:1x.This resolution is flagged as carrying Moderate to High Risk because, in the past, Apollo Tyres has used the available room in its borrowing limits to make debt-funded acquisitions.

As per Section 148 of Companies Act 2013, the remuneration payable to cost auditors has to be ratified by shareholders of the company. Accordingly, consent of shareholders is sought through an ordinary resolution in order to ensure compliance with the said Section.The board has approved the appointment C Govindan Kutty as cost auditors of the company for the year commencing from 1 October 2014 2015, at a remuneration of Rs 5,50,000 (excluding out-of-pocket expenses).

Tata Motors proposes a right issuance of Rs.75.0 bn to its shareholders: ‘Ordinary’ and ‘A’ Ordinary rights will be in same ratio as is currently outstanding.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.Tata Motors proposes a right issuance of Rs.75.0 bn to its shareholders: ‘Ordinary’ and ‘A’ Ordinary rights will be in same ratio as is currently outstanding.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

Company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.The company has stated that the consideration for the transaction is based on the prevailing market prices, which is valued by an independent valuer. As per the independent valuation the price of sale is estimated at Rs.68.5 mn per an acre of land.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

Jayanta Chatterjee has been appointed as ‘Director - Supply Chain’. The proposed remuneration of up to Rs. 21.2 mn per annum is in line with peers.

The terms of borrowing, interest rates etc. for secured loans tend to be better than those for unsecured loans.BFL proposes to adopt a new set of Articles of Association, in substitution for, and to the exclusion of, the existing Articles of Association (which are based on the Companies Act 1956) of the Company, in order to make its Articles of Association in tandem with the Companies Act 2013. Pursuant to Section 14 of the Companies Act, 2013, approval of shareholders by way of a special resolution is required for adoption of a new set of Articles of Association of the Company.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.Nayantara Palchoudhuri has more than 20 years of experience in operations and management of tea estates. She is presently serving as the Honorary Consul for Norway in the Eastern Region looking after their trade development and consular matters. Her appointment is in line with all the statutory requirements.Subrata Roy has been appointed as ‘Managing Director’ effective 1 January 2015 for five years. The proposed remuneration of up to Rs. 13.8 mn per annum is in line with remuneration paid to peers.The reappointment of NK Ghosh & Associates as Cost Auditors is in line with the statutory requirementsVesuvius India seeks shareholders’ approval to pay commission up-to one percent of the net profit of the company to Non-Executive Directors for five years effective 1 January 2015. The commission paid to Non-Executive Directors in the last three years has ranged between 0.2% and 0.4% of reported net profit.

Sundaram Finance seeks to issue non-convertible debentures and/or other debt securities on private placement basis. These securities are part of the company’s debt programme and are not in addition to its borrowing limit.

Proposed transaction will be in the ordinary course of business and on an arm’s length basis.Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.

His appointment is in line with all the statutory requirements. His directorship will be liable to retire by rotation. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.His appointment is in line with all statutory requirements. As per the proposed terms, his basic salary will be Rs 3.1 mnHe is being appointed as whole time director and designated as Executive Chairman of the company. His appointment is in line with all the statutory requirements. As per the proposed terms, his basic salary will be Rs 22.4 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.His previous tenure expired on 3 October 2014. Now the company proposes to reappoint him as MD for a further period of three years wef 4 October 2014. His basic salary will be Rs 3.1 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.

There is no adverse observation/comment in Auditors report/ Financials and notes to a/cs, hence it can be adopted. The director's report is satisfactory and can be adoptedCompany has generated enough Profits to pay dividend to the shareholders and in the line with market practise.

Ms. Manvi Sinha is a journalist. Her appointment is line with the statutory requirements.

The company is already authorized to pay commission of upto 1% to its non-executive directors. It is now seeking to renew this pay structure for a further period of five years w.e.f 1 January 2015. We observe that the total commission in CY14 aggregated to Rs.7.7 mn, which is reasonable given the size and scale of company. In addition, in the last three years, the commission paid to non-executive directors has been well below the limit of 1%.As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

In order to comply with the provisions of Section 180 (1) (c) of the Companies Act 2013, Bajaj Finance Company Ltd. (BFL) seeks shareholder approval by way of a special resolution to increase its borrowing limit from Rs. 300 bn to Rs 500 bn.As on 31 December 2014, the NBFC had a debt of Rs. 249.3 bn as against a networth of Rs. 44.6 bn. The NBFC is well capitalized - its overall capital adequacy ratio of 18.7% is much higher than RBI’s minimum requirement of 15%. Further, BFL’s debt is rated CRISIL AA+/Stable/CRISIL A1+, which indicates an adequate degree of safety regarding timely servicing of financial obligations.

The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from 1 April 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations.As on 31 December 2014, Syndicate Bank’s Tier I CRAR under Basel III is 7.61% with total CRAR at 10.46%. This is above the RBI’s requirements as per BASEL II and lower than its guidelines under BASEL III norms where Indian Banks are required to maintain a minimum CAR of 11.5% including Capital Conservation Buffer of 2.5% by 31 Mach 2018.Syndicate Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in the years to come. Thus the Bank plans to raise further Tier I capital to the extent of Rs.4.6 bn, by issuing 37.4 mn equity shares at Rs.122.75 per share to Government of India.The preferential issue will lead to a ~5.7% dilution for minority shareholders. Government of India’s stake in the Bank will increase from 67.39% to 69.24%.As on 31 December 2014, Sundaram Finance Ltd’s (Sundaram Finance) inter-corporate transactions aggregated Rs.11.3 bn. The Company seeks approval to increase its intercorporate transaction limit upto Rs.20.0 bn from the existing limit of Rs.15.0 bn. The increase is limit is essential for growing its business activities and for strategic reasons.As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions.After the scheme of amalgamation, the limits available under Section 186 for inter corporate transactions (Rs 8.7 bn) has been exhausted. Therefore, Mahindra CIE needs shareholder approval to increase the limit to Rs. 25 bn for additional investments.The approval for proposed transaction is sought in order to attain greater financial flexibility and to enable optimal financing structure

IndusInd Bank had a capital adequacy ratio of 12.39% as on 31 December 2014, which is close to RBI’s minimum requirement of 9%. Therefore, in order to maintain its capital adequacy and support balance sheet growth, the bank proposes to issue Long Term Infrastructure Bonds and Subordinated Non-Convertible Debentures upto Rs.20 bn through private placement.This is an enabling resolution. The issuance of all debt securities on private placement basis will be within the overall borrowing limit.

This is an enabling provision, which will provide for further foreign investment in the company.SS Kohli has been on the board of the company almost for the past 10 years, he will complete 10 years on board on IDFC on 27 April 2015. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (~10 years) with the company, he is considered non-independent.

Omkar Goswami has been on the board of the company for the past 12 years. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (>10 years) with the company, he is considered non-independent.

For the purpose of business operations, the company raises funds by way of borrowings, which are secured. This is to comply with the provisions of Companies Act, 2013.

The appointment of Maheswar Sahu is in line with all the statutory requirements.

His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.

Ravi Kant is the former Managing Director of Tata Motors. His reappointment is in line with all statutory guidelines.Ms. Lalitha Gupte is the former Joint Managing Director of ICICI Bank. Her reappointment is in line with all statutory guidelines.

A vote FOR this resolution is warranted given the absence of any known issues surrounding the proposal.

In line with Reserve Bank of India’s (RBI) regulations, IDFC proposes to impose restrictions on the transfer of shares in its Articles of Association (AoA) so that any potential transferee acquiring shares in the company, which result in triggering the threshold limits in IDFC Bank Ltd., will need to comply with the ‘fit and proper’ criteria.Although this goes against the listing agreement, which ensures free transferability of shares, this change is in line with conditions imposed by RBI, we expect that the company will revise/remove this clause if RBI relaxes/removes the current thresholds.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.Shareholders may note, the company has clarified to us that it is on the process of inducting independent director by the end of AGM in 2017.

Reliance Industries proposes to alter Clause III.A of the objects clause of MoA. The amendments are related to the company’s business scope into e-commerce, banking services, cloud and IT services.RIL is already in the above mentioned businesses through its different subsidiaries. The company needs shareholders’ approval for the amendments in the object clause as the company at its standalone level may enter into the above mentioned businesses in future.

Pursuant to the scheme of arrangement between Sterlite Industries Ltd (Sterlite), MALCO, Sterlite Energy Ltd (SEL) and Vedanta Aluminium Ltd (VAL) with Sesa Goa Ltd (Sesa Goa) the Company’s name was changed to ‘Sesa Sterlite Ltd’. The name change was effective from 18 September 2013.The Company now proposes to change this name to ‘Vedanta Ltd’. According to the Company the new name has a better alignment with the brand ‘Vedanta’.The existing Articles of Association (AoA) are based on the Companies Act, 1956 and several regulations in the existing AoA contain references to specific sections of the Companies Act, 1956. Further, some regulations in the existing AoA are no longer in conformity with the Companies Act 2013.With the coming into force of the Companies Act, 2013, several regulations of the existing AoA of the Company require alteration or deletion. Accordingly, the Company has proposed to replace the entire existing AoA by a set of new Articles.

Naresh Chandra was Director of Vedanta Resource plc between 2004 and 2013. Vedanta Resources plc is the holding company of Sesa Sterlite. Accordingly, he is associated with the Vedanta group as Director for over 12 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the group, he is considered non-independent.However, if the Company believes that it will benefit from Naresh Chandra serving on the board, they should appoint him as a non-independent director and induct additional independent directors to ensure that the board composition is in line with the requirements of Clause 49 of the Listing Agreement.Sesa Sterlite proposes to launch ‘Vedanta Employees Stock Option Scheme’ (ESOS), comprising 148.2 mn stock options representing 5% of the paid up share capital on 31 December 2014. Employees may be granted options upto a maximum of 150% of salary. The options will vest over one to three years, or a period evaluated by the Nomination and Remuneration Committee based on select parameters.The total cost of the ESOS scheme is high, but its impact will be spread over several years. The options will be issued at face value (Re.1), while the current market price is over Rs.200: the cost of the ESOS scheme aggregates to over Rs.30bn, which accounts for over 30% of the company’s consolidated profits. Sesa Sterlite’s management has clarified that the stock options will be granted over an extended period of time – therefore, the annual cost of granting ESOPs is not expected to be greater than 5% of profits.Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.Sesa Sterlite’s management has clarified that the stock options will not be extended to employees of companies that have their own stock option schemes.Sesa Sterlite proposes to use the ‘trust’ route for the implementation of ESOS. If approved, the trust can acquire 148.2 mn equity shares and transfer them to employees upon exercise of stock options. Under this route, no new equity shares will be issued upon the exercise of stock options and the share capital of the Company will not be diluted.Also, in line with the requirements of ESOP regulations, neither the ESOP Trust nor any of its trustees shall exercise voting rights in respect of shares of the Company held by the ESOP Trust.

The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

The proceeds from the issuance of debentures will be used for long term funds for corporate and other business purposes including repayment and refinancing of the high priced loans from banks and financial institutions. These NCDs are part of Tata Motors’ debt programme and are not in addition to its borrowing limit

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and

This is requried for the company to have room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis.

Mr Pradip Daga is on the board of the company for the last 51 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to Pradip Daga’s long association (>10 years) with the company, he is considered non-independent.Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolution

As per the Section 149 of Companies Act, 2013, shareholders’ approval is not required unless it is proposed to have more than 15 directors on the board. However to avoid any confusion and out of abundant caution the company proposes to revoke all such earlier resolutions related to limiting the number of directors on board.

Ramco is not too leveraged with net debt to equity ratio <1x and has improved over the last three years. Excpet FY14, company has been improving profitability consistently. Cement is a capital intensive business and the company needs additional borrowing for its expansion in manufacturing and marketing capacities

Total commission paid to all the non-executive directors in the last five years has remained below 0.4% of the company’s net profits. Average commission paid to all the non-executive directors for the last five years adds up to Rs.3.2 mn

The objective of the scheme is to reward, attract, motivate and retain employees and directors of the Company and its subsidiaries. Also, if the Company issues 4.99 mn RSU’s under the scheme at face value, the total cost to the company in a year will be Rs.13.0 bn or ~63% of FY14 consolidated net profit. Although this might not be the case, as a practice of good governance the companies should disclose the exercise price. We have therefore flagged transparency risk to the proposal.

While lease consideration is higher than earlier pricing (done in recent AGM for 12 acres of land), the pricing is justified as land piece is adjacent to the company’s existing manufacturing facilities and its purchase, even if it is undertaken from a non-related party, would attract a proximity premium. Given ABRL’s performance trajectory, the Rs.403 mn payout will have a limited impact on its financials.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

Escorts proposes to amend the Articles of Association (AoA) to delete/amend the references to various sections and schedules of the Companies Act, 1956 and to substitute them with the provisions of Companies Act, 2013.

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.He is eligible for election and has relevant experience in the field. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.This is with reference to the ratification of borrowing limit as discussed in Resolution 19 above. The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates.

Company seeks approval to raise funds up to Rs. 6 bn. At current price, this will result in a dilution of ~35.8% in the paid up share capital if full limit is used to raise equity shares. The funds raised through the issuance will enable the company to finance the company’s capital expenditure needs and also to refinance expensive debt. It will strengthen its financial position and net worth by augmenting its long term resources.

Company seeks shareholders’ approval to pay commission to non-executive directors up to 1% of the net profits for a period of five years commencing from 1 April 2014. The total commission paid to all the non-executive directors in the last three years has remained below 1.0% of the company’s net profits.As on 31 March 2014, GOCL had borrowing of Rs. 1.6 bn against an aggregate paid-up share capital and free reserves of Rs. 11.3 bn. GOCL’s credit protection measures are healthy on standalone level but moderate on consolidated level. Considering the standalone debt and paid up & free reserves of the company as on 31 March 2014, we observe that the company has huge head room to borrow. Also, the company has not disclosed rationale for high borrowing limit, i.e. 25 times of the current borrowing.

As allowed by the Companies Act 2013, company proposes to charge its members a fee for requesting a copy of its documents / registers / records etc. of Rs 10 per page requested. Hence it proposes to amend its AoA accordingly.Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.40% of the board consists of independent directors. We observed that in case the vacancy created due to retirement of Sanjay G Hinduja is not filled by an independent director, the board will fell short of minimum requirement of 50% independent director. Therefore, the company needs to fill the vacancy by appointing an independent director in such case.

Under Section 149(9) of the Companies Act, 2013, stock options should not be granted to independent directors. Therefore ESOP 2013 is proposed to be amended to comply with the provisions of the Act.

The proposed borrowing limit enables GDL to borrow upto Rs.10.1bn. This is high, given that outstanding debt on 31 March 2014 was Rs.0.39 bn on a standalone basis and Rs. 3.24 at a consolidated level. GDL has not significantly leveraged its balance sheet in the past. The company’s credit protection measures are healthy: its debt programs are rated IND A+/Positive/IND A1+, which denote adequate degree of safety regarding timely servicing of financial obligations.

Higher borrowing limit, which is requried to fund fund future growth, is within stipulated range and does not overleverage the company. As such, current D:E is much lower than these levels and have remained so in past

Since the proposed investment in the equity shares of TTPL, of a sum upto Rs.175 mn, together with the investments already made by TIL, will be in excess of the limits prescribed under Section 186 of the Companies Act, 2013 which is Rs.12 bn, prior approval of the shareholders by way of a Special Resolution is required. The funds required for this investment will be met out of internal accruals or such other sources as the Board may deem appropriate. Considering the nature of business, potential customers and market, recommend voting FOR the resolution.

Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.Satish Borwankar is a professional director. He has experience in the manufacturing and quality functions of the automobile industry. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

Company plans to introduce new products including staples, cereals, spices, ready to cook spice mixes, pastes, ready to eat processed food products, ready to cook or semi processed food products, wellness products, etc. In this regard, it has proposed to amed the Object Clause of Memorandum of Association by insertng appropriate clause

MRF is in the business of manufacture and sale of tyres and tubes. The company needs funds to finance its expansion activities. MRF’s debt of Rs 18.2 bn on 30 September 2014 is at comfortable level. It has maintained its debt-to-networth at around 0.5 times in the last three years. Debt-to-EBIDTA improved to 0.9x from 1.3x during this period. Even if the company utilizes the proposed limit fully, its credit protection measures would remain at a comfortable level.

The amendments are related to creating charge on assets, and updating the authorized share capital clause of the company. Now as per the new amendment certain sections are inserted in the existing clause to align the article with the respective section of Companies Act, 2013.The company’s existing articles are based on the Companies Act, 1956. Several regulations in the existing Articles of Association (AoA) contain references to specific sections of the Companies Act, 1956 and some regulations in the existing AoA are no longer in conformity with the Act.

We observe that even if the company raises the entire debt (to the full extent of the borrowing limit), credit protection measures will not deteriorate significantly and the debt-equity ratio will remain well under 2:1x.

As per Section 148 of Companies Act 2013, the remuneration payable to cost auditors has to be ratified by shareholders of the company. Accordingly, consent of shareholders is sought through an ordinary resolution in order to ensure compliance with the said Section.The board has approved the appointment C Govindan Kutty as cost auditors of the company for the year commencing from 1 October 2014 2015, at a remuneration of Rs 5,50,000 (excluding out-of-pocket expenses).

Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

Company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.The company has stated that the consideration for the transaction is based on the prevailing market prices, which is valued by an independent valuer. As per the independent valuation the price of sale is estimated at Rs.68.5 mn per an acre of land.

BFL proposes to adopt a new set of Articles of Association, in substitution for, and to the exclusion of, the existing Articles of Association (which are based on the Companies Act 1956) of the Company, in order to make its Articles of Association in tandem with the Companies Act 2013. Pursuant to Section 14 of the Companies Act, 2013, approval of shareholders by way of a special resolution is required for adoption of a new set of Articles of Association of the Company.

Nayantara Palchoudhuri has more than 20 years of experience in operations and management of tea estates. She is presently serving as the Honorary Consul for Norway in the Eastern Region looking after their trade development and consular matters. Her appointment is in line with all the statutory requirements.

Vesuvius India seeks shareholders’ approval to pay commission up-to one percent of the net profit of the company to Non-Executive Directors for five years effective 1 January 2015. The commission paid to Non-Executive Directors in the last three years has ranged between 0.2% and 0.4% of reported net profit.

Sundaram Finance seeks to issue non-convertible debentures and/or other debt securities on private placement basis. These securities are part of the company’s debt programme and are not in addition to its borrowing limit.

Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.

His appointment is in line with all the statutory requirements. His directorship will be liable to retire by rotation. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.

He is being appointed as whole time director and designated as Executive Chairman of the company. His appointment is in line with all the statutory requirements. As per the proposed terms, his basic salary will be Rs 22.4 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.His previous tenure expired on 3 October 2014. Now the company proposes to reappoint him as MD for a further period of three years wef 4 October 2014. His basic salary will be Rs 3.1 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.

The company is already authorized to pay commission of upto 1% to its non-executive directors. It is now seeking to renew this pay structure for a further period of five years w.e.f 1 January 2015. We observe that the total commission in CY14 aggregated to Rs.7.7 mn, which is reasonable given the size and scale of company. In addition, in the last three years, the commission paid to non-executive directors has been well below the limit of 1%.As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

In order to comply with the provisions of Section 180 (1) (c) of the Companies Act 2013, Bajaj Finance Company Ltd. (BFL) seeks shareholder approval by way of a special resolution to increase its borrowing limit from Rs. 300 bn to Rs 500 bn.As on 31 December 2014, the NBFC had a debt of Rs. 249.3 bn as against a networth of Rs. 44.6 bn. The NBFC is well capitalized - its overall capital adequacy ratio of 18.7% is much higher than RBI’s minimum requirement of 15%. Further, BFL’s debt is rated CRISIL AA+/Stable/CRISIL A1+, which indicates an adequate degree of safety regarding timely servicing of financial obligations.

The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from 1 April 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations.As on 31 December 2014, Syndicate Bank’s Tier I CRAR under Basel III is 7.61% with total CRAR at 10.46%. This is above the RBI’s requirements as per BASEL II and lower than its guidelines under BASEL III norms where Indian Banks are required to maintain a minimum CAR of 11.5% including Capital Conservation Buffer of 2.5% by 31 Mach 2018.Syndicate Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in the years to come. Thus the Bank plans to raise further Tier I capital to the extent of Rs.4.6 bn, by issuing 37.4 mn equity shares at Rs.122.75 per share to Government of India.As on 31 December 2014, Sundaram Finance Ltd’s (Sundaram Finance) inter-corporate transactions aggregated Rs.11.3 bn. The Company seeks approval to increase its intercorporate transaction limit upto Rs.20.0 bn from the existing limit of Rs.15.0 bn. The increase is limit is essential for growing its business activities and for strategic reasons.As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions.After the scheme of amalgamation, the limits available under Section 186 for inter corporate transactions (Rs 8.7 bn) has been exhausted. Therefore, Mahindra CIE needs shareholder approval to increase the limit to Rs. 25 bn for additional investments.

IndusInd Bank had a capital adequacy ratio of 12.39% as on 31 December 2014, which is close to RBI’s minimum requirement of 9%. Therefore, in order to maintain its capital adequacy and support balance sheet growth, the bank proposes to issue Long Term Infrastructure Bonds and Subordinated Non-Convertible Debentures upto Rs.20 bn through private placement.

SS Kohli has been on the board of the company almost for the past 10 years, he will complete 10 years on board on IDFC on 27 April 2015. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (~10 years) with the company, he is considered non-independent.

Omkar Goswami has been on the board of the company for the past 12 years. The length of tenure is inversely proportionate to the independence of a director. Due to his long association (>10 years) with the company, he is considered non-independent.

His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.

In line with Reserve Bank of India’s (RBI) regulations, IDFC proposes to impose restrictions on the transfer of shares in its Articles of Association (AoA) so that any potential transferee acquiring shares in the company, which result in triggering the threshold limits in IDFC Bank Ltd., will need to comply with the ‘fit and proper’ criteria.Although this goes against the listing agreement, which ensures free transferability of shares, this change is in line with conditions imposed by RBI, we expect that the company will revise/remove this clause if RBI relaxes/removes the current thresholds.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.

Reliance Industries proposes to alter Clause III.A of the objects clause of MoA. The amendments are related to the company’s business scope into e-commerce, banking services, cloud and IT services.RIL is already in the above mentioned businesses through its different subsidiaries. The company needs shareholders’ approval for the amendments in the object clause as the company at its standalone level may enter into the above mentioned businesses in future.

Pursuant to the scheme of arrangement between Sterlite Industries Ltd (Sterlite), MALCO, Sterlite Energy Ltd (SEL) and Vedanta Aluminium Ltd (VAL) with Sesa Goa Ltd (Sesa Goa) the Company’s name was changed to ‘Sesa Sterlite Ltd’. The name change was effective from 18 September 2013.The existing Articles of Association (AoA) are based on the Companies Act, 1956 and several regulations in the existing AoA contain references to specific sections of the Companies Act, 1956. Further, some regulations in the existing AoA are no longer in conformity with the Companies Act 2013.With the coming into force of the Companies Act, 2013, several regulations of the existing AoA of the Company require alteration or deletion. Accordingly, the Company has proposed to replace the entire existing AoA by a set of new Articles.

Naresh Chandra was Director of Vedanta Resource plc between 2004 and 2013. Vedanta Resources plc is the holding company of Sesa Sterlite. Accordingly, he is associated with the Vedanta group as Director for over 12 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the group, he is considered non-independent.However, if the Company believes that it will benefit from Naresh Chandra serving on the board, they should appoint him as a non-independent director and induct additional independent directors to ensure that the board composition is in line with the requirements of Clause 49 of the Listing Agreement.Sesa Sterlite proposes to launch ‘Vedanta Employees Stock Option Scheme’ (ESOS), comprising 148.2 mn stock options representing 5% of the paid up share capital on 31 December 2014. Employees may be granted options upto a maximum of 150% of salary. The options will vest over one to three years, or a period evaluated by the Nomination and Remuneration Committee based on select parameters.The total cost of the ESOS scheme is high, but its impact will be spread over several years. The options will be issued at face value (Re.1), while the current market price is over Rs.200: the cost of the ESOS scheme aggregates to over Rs.30bn, which accounts for over 30% of the company’s consolidated profits. Sesa Sterlite’s management has clarified that the stock options will be granted over an extended period of time – therefore, the annual cost of granting ESOPs is not expected to be greater than 5% of profits.Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.Sesa Sterlite proposes to use the ‘trust’ route for the implementation of ESOS. If approved, the trust can acquire 148.2 mn equity shares and transfer them to employees upon exercise of stock options. Under this route, no new equity shares will be issued upon the exercise of stock options and the share capital of the Company will not be diluted.

The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)The proposal to pay salary, dearness allowance, perquisites and any other allowances (excluding commission) in case of inadequate profits and waiver of excess remuneration is insignificant considering the size and complexity of Tata Motors operations. Tata Motors has shown healthy shareholder returns during the past three years. The company has distributed over 80% of its net profit as dividend to its shareholders (between FY11-13)As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and

Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolution

As per the Section 149 of Companies Act, 2013, shareholders’ approval is not required unless it is proposed to have more than 15 directors on the board. However to avoid any confusion and out of abundant caution the company proposes to revoke all such earlier resolutions related to limiting the number of directors on board.

The objective of the scheme is to reward, attract, motivate and retain employees and directors of the Company and its subsidiaries. Also, if the Company issues 4.99 mn RSU’s under the scheme at face value, the total cost to the company in a year will be Rs.13.0 bn or ~63% of FY14 consolidated net profit. Although this might not be the case, as a practice of good governance the companies should disclose the exercise price. We have therefore flagged transparency risk to the proposal.

While lease consideration is higher than earlier pricing (done in recent AGM for 12 acres of land), the pricing is justified as land piece is adjacent to the company’s existing manufacturing facilities and its purchase, even if it is undertaken from a non-related party, would attract a proximity premium. Given ABRL’s performance trajectory, the Rs.403 mn payout will have a limited impact on its financials.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

He is eligible for election and has relevant experience in the field. Commission payable will be 1% of net profits capped at 100% of salary. Perquisites, allowances and other benefits as per company policy will also form a part of his compensation structure. The proposed remuneration is commensurate to the size of the business and is in line with his peers.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.

Company seeks approval to raise funds up to Rs. 6 bn. At current price, this will result in a dilution of ~35.8% in the paid up share capital if full limit is used to raise equity shares. The funds raised through the issuance will enable the company to finance the company’s capital expenditure needs and also to refinance expensive debt. It will strengthen its financial position and net worth by augmenting its long term resources.

As on 31 March 2014, GOCL had borrowing of Rs. 1.6 bn against an aggregate paid-up share capital and free reserves of Rs. 11.3 bn. GOCL’s credit protection measures are healthy on standalone level but moderate on consolidated level. Considering the standalone debt and paid up & free reserves of the company as on 31 March 2014, we observe that the company has huge head room to borrow. Also, the company has not disclosed rationale for high borrowing limit, i.e. 25 times of the current borrowing.

Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.40% of the board consists of independent directors. We observed that in case the vacancy created due to retirement of Sanjay G Hinduja is not filled by an independent director, the board will fell short of minimum requirement of 50% independent director. Therefore, the company needs to fill the vacancy by appointing an independent director in such case.

The proposed borrowing limit enables GDL to borrow upto Rs.10.1bn. This is high, given that outstanding debt on 31 March 2014 was Rs.0.39 bn on a standalone basis and Rs. 3.24 at a consolidated level. GDL has not significantly leveraged its balance sheet in the past. The company’s credit protection measures are healthy: its debt programs are rated IND A+/Positive/IND A1+, which denote adequate degree of safety regarding timely servicing of financial obligations.

Since the proposed investment in the equity shares of TTPL, of a sum upto Rs.175 mn, together with the investments already made by TIL, will be in excess of the limits prescribed under Section 186 of the Companies Act, 2013 which is Rs.12 bn, prior approval of the shareholders by way of a Special Resolution is required. The funds required for this investment will be met out of internal accruals or such other sources as the Board may deem appropriate. Considering the nature of business, potential customers and market, recommend voting FOR the resolution.

Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Ravindra Pisharody is a professional director with more than 15 years of experience in the automobile industry. At Tata Motors, he looks after the Commercial Vehicles department, which contributes ~74% of the overall product volume of the company. His pay is commensurate with the size of the company and is in line with industry peers.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

Company plans to introduce new products including staples, cereals, spices, ready to cook spice mixes, pastes, ready to eat processed food products, ready to cook or semi processed food products, wellness products, etc. In this regard, it has proposed to amed the Object Clause of Memorandum of Association by insertng appropriate clause

MRF is in the business of manufacture and sale of tyres and tubes. The company needs funds to finance its expansion activities. MRF’s debt of Rs 18.2 bn on 30 September 2014 is at comfortable level. It has maintained its debt-to-networth at around 0.5 times in the last three years. Debt-to-EBIDTA improved to 0.9x from 1.3x during this period. Even if the company utilizes the proposed limit fully, its credit protection measures would remain at a comfortable level.

Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

Company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.

BFL proposes to adopt a new set of Articles of Association, in substitution for, and to the exclusion of, the existing Articles of Association (which are based on the Companies Act 1956) of the Company, in order to make its Articles of Association in tandem with the Companies Act 2013. Pursuant to Section 14 of the Companies Act, 2013, approval of shareholders by way of a special resolution is required for adoption of a new set of Articles of Association of the Company.

Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.

His appointment is in line with all the statutory requirements. His directorship will be liable to retire by rotation. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.

He is being appointed as whole time director and designated as Executive Chairman of the company. His appointment is in line with all the statutory requirements. As per the proposed terms, his basic salary will be Rs 22.4 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.His previous tenure expired on 3 October 2014. Now the company proposes to reappoint him as MD for a further period of three years wef 4 October 2014. His basic salary will be Rs 3.1 mn. Based on the remuneration policy followed by the Mahindra group, we believe that the proposed remuneration will be commensurate with the size and complexity of the business, and comparable to industry peers.

The company is already authorized to pay commission of upto 1% to its non-executive directors. It is now seeking to renew this pay structure for a further period of five years w.e.f 1 January 2015. We observe that the total commission in CY14 aggregated to Rs.7.7 mn, which is reasonable given the size and scale of company. In addition, in the last three years, the commission paid to non-executive directors has been well below the limit of 1%.As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

As on 31 December 2014, the NBFC had a debt of Rs. 249.3 bn as against a networth of Rs. 44.6 bn. The NBFC is well capitalized - its overall capital adequacy ratio of 18.7% is much higher than RBI’s minimum requirement of 15%. Further, BFL’s debt is rated CRISIL AA+/Stable/CRISIL A1+, which indicates an adequate degree of safety regarding timely servicing of financial obligations.

The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from 1 April 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations.As on 31 December 2014, Syndicate Bank’s Tier I CRAR under Basel III is 7.61% with total CRAR at 10.46%. This is above the RBI’s requirements as per BASEL II and lower than its guidelines under BASEL III norms where Indian Banks are required to maintain a minimum CAR of 11.5% including Capital Conservation Buffer of 2.5% by 31 Mach 2018.

As on 31 December 2014, Sundaram Finance Ltd’s (Sundaram Finance) inter-corporate transactions aggregated Rs.11.3 bn. The Company seeks approval to increase its intercorporate transaction limit upto Rs.20.0 bn from the existing limit of Rs.15.0 bn. The increase is limit is essential for growing its business activities and for strategic reasons.As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions.

IndusInd Bank had a capital adequacy ratio of 12.39% as on 31 December 2014, which is close to RBI’s minimum requirement of 9%. Therefore, in order to maintain its capital adequacy and support balance sheet growth, the bank proposes to issue Long Term Infrastructure Bonds and Subordinated Non-Convertible Debentures upto Rs.20 bn through private placement.

His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.

In line with Reserve Bank of India’s (RBI) regulations, IDFC proposes to impose restrictions on the transfer of shares in its Articles of Association (AoA) so that any potential transferee acquiring shares in the company, which result in triggering the threshold limits in IDFC Bank Ltd., will need to comply with the ‘fit and proper’ criteria.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.

Naresh Chandra was Director of Vedanta Resource plc between 2004 and 2013. Vedanta Resources plc is the holding company of Sesa Sterlite. Accordingly, he is associated with the Vedanta group as Director for over 12 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the group, he is considered non-independent.Sesa Sterlite proposes to launch ‘Vedanta Employees Stock Option Scheme’ (ESOS), comprising 148.2 mn stock options representing 5% of the paid up share capital on 31 December 2014. Employees may be granted options upto a maximum of 150% of salary. The options will vest over one to three years, or a period evaluated by the Nomination and Remuneration Committee based on select parameters.The total cost of the ESOS scheme is high, but its impact will be spread over several years. The options will be issued at face value (Re.1), while the current market price is over Rs.200: the cost of the ESOS scheme aggregates to over Rs.30bn, which accounts for over 30% of the company’s consolidated profits. Sesa Sterlite’s management has clarified that the stock options will be granted over an extended period of time – therefore, the annual cost of granting ESOPs is not expected to be greater than 5% of profits.Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.Sesa Sterlite proposes to use the ‘trust’ route for the implementation of ESOS. If approved, the trust can acquire 148.2 mn equity shares and transfer them to employees upon exercise of stock options. Under this route, no new equity shares will be issued upon the exercise of stock options and the share capital of the Company will not be diluted.

As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and

Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolution

The objective of the scheme is to reward, attract, motivate and retain employees and directors of the Company and its subsidiaries. Also, if the Company issues 4.99 mn RSU’s under the scheme at face value, the total cost to the company in a year will be Rs.13.0 bn or ~63% of FY14 consolidated net profit. Although this might not be the case, as a practice of good governance the companies should disclose the exercise price. We have therefore flagged transparency risk to the proposal.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.

As on 31 March 2014, GOCL had borrowing of Rs. 1.6 bn against an aggregate paid-up share capital and free reserves of Rs. 11.3 bn. GOCL’s credit protection measures are healthy on standalone level but moderate on consolidated level. Considering the standalone debt and paid up & free reserves of the company as on 31 March 2014, we observe that the company has huge head room to borrow. Also, the company has not disclosed rationale for high borrowing limit, i.e. 25 times of the current borrowing.

Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.

The proposed borrowing limit enables GDL to borrow upto Rs.10.1bn. This is high, given that outstanding debt on 31 March 2014 was Rs.0.39 bn on a standalone basis and Rs. 3.24 at a consolidated level. GDL has not significantly leveraged its balance sheet in the past. The company’s credit protection measures are healthy: its debt programs are rated IND A+/Positive/IND A1+, which denote adequate degree of safety regarding timely servicing of financial obligations.

Since the proposed investment in the equity shares of TTPL, of a sum upto Rs.175 mn, together with the investments already made by TIL, will be in excess of the limits prescribed under Section 186 of the Companies Act, 2013 which is Rs.12 bn, prior approval of the shareholders by way of a Special Resolution is required. The funds required for this investment will be met out of internal accruals or such other sources as the Board may deem appropriate. Considering the nature of business, potential customers and market, recommend voting FOR the resolution.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

MRF is in the business of manufacture and sale of tyres and tubes. The company needs funds to finance its expansion activities. MRF’s debt of Rs 18.2 bn on 30 September 2014 is at comfortable level. It has maintained its debt-to-networth at around 0.5 times in the last three years. Debt-to-EBIDTA improved to 0.9x from 1.3x during this period. Even if the company utilizes the proposed limit fully, its credit protection measures would remain at a comfortable level.

Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

Company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.

BFL proposes to adopt a new set of Articles of Association, in substitution for, and to the exclusion of, the existing Articles of Association (which are based on the Companies Act 1956) of the Company, in order to make its Articles of Association in tandem with the Companies Act 2013. Pursuant to Section 14 of the Companies Act, 2013, approval of shareholders by way of a special resolution is required for adoption of a new set of Articles of Association of the Company.

Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.

As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations.

As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions.

His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.

The total cost of the ESOS scheme is high, but its impact will be spread over several years. The options will be issued at face value (Re.1), while the current market price is over Rs.200: the cost of the ESOS scheme aggregates to over Rs.30bn, which accounts for over 30% of the company’s consolidated profits. Sesa Sterlite’s management has clarified that the stock options will be granted over an extended period of time – therefore, the annual cost of granting ESOPs is not expected to be greater than 5% of profits.Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.

As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

Company has accumulated substantial free reserves (Surplus in the Statement of Profit and Loss), built up over the years from its retained profits. This accumulation of Surplus in the Statement of Profit and Loss is well above Applicant Company's current and likely future operational needs. Further, barring unforeseen circumstances, the Applicant Company is confident of generating incremental cash over the next few years. Overall reserves position is expected to improve further even after considering cash requirements for the Applicant Company's capex programme and working capital requirements. The Applicant Company expects to have reasonable liquidity position and

Century is highly leveraged with debt to EBIDTA ratio being significantly high at 6.0x. The debt to equity ratio also deteriorated from 1.8x to 2.6x over the last three years. However, the company has turned around and made a profit of Rs.27.2 mn in FY14 against a loss of Rs.345 mn in FY13. The diversified product profile helped the company to mitigate its loss in previous year. The company needs additional borrowing for its expansion in manufacturing and marketing capacities. Century’s debt programmes. are rated BWR AA/Stable which denotes high degree of safety regarding timely servicing of financial obligations. we recommends voting FOR the resolution

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. Outstanding debt on Mar-14 was low and had networth of Rs.2.8 bn. Interest coverage is 4.0. The company’s bank loans have been rated ICRA A+/Stable/ICRA A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. Company has not leveraged its balance sheet heavily in the recent past.

Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.32.3 mn to Ravindra Pisharody for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.Based on the limit of Rs.32.8 mn, the Company is proposing to pay Rs.26.1 mn to Satish Borwankar for FY15. The proposed remuneration for FY16 has not been disclosed. This is commensurate with the size of the Company and in line with remuneration paid to peers in industry. Shareholders should note that, if the company breaches the limit under Schedule V of the Companies Act 2013, it will have to seek shareholder approval for waiver of excess remuneration. Tata Motors is a large and complex company, where the executive directors have significant responsibilities.

Mahindra CIE seeks shareholders’ approval for alteration in AoA in order to ensure compliance with the Companies Act 2013. Article 144 (5): The proposed amendment will allow M&M to waive its right to nominate the Chairman of the company. Article 179: After approval, one MD would be the only non-retiring director and whole-time directors shall be liable to retire by rotation. Article 148 (2) and 148 (6): These articles relate to the schedule of board meeting and preparation of minutes of board meeting and will bring the current provisions in accordance with the provisions of the Companies Act, 2013.

As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. In previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.

Some employees and executive directors have been granted stock options of Vedanta Resources plc (Sesa Sterlite’s holding company) in the past. Sesa Sterlite’s management has clarified that, going forward, employees of Sesa Sterlite will get stock option under ESOS (if approved) and not of Vedanta Resources plc (VRL). In case Sesa Sterlite’s Nomination and Remuneration Committee of retains the option to grant VRL’s stock options to executive directors of Sesa Sterlite, they will not be eligible for grant of Sesa Sterlite’s stock options: the senior management will be granted stock options either of VRL or Sesa Sterlite.

As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

As per Article 86 of the AoA, the number of Directors of the Company shall not be less than three and not more than twelve. The new Companies Act, 2013 has allowed the maximum strength of the Board to go upto fifteen directors. The Board having regard to the above, has proposed to amend the AoA. As per Article 117 of the AoA, the Whole-time Directors are not liable to retire by rotation. Since Independent Directors are now not liable to retire by rotation, the Board recommends amendment in the AOA to enable appointment of Whole-time director(s), on rotation basis, whenever necessary. This is done to meet the requirement of at least 2/3rd of the total number of Directors to be liable to retire by rotation,

Company seeks shareholders’ approval to enter into various transactions with subsidiaries - IDL Explosives Ltd, IDL Buildware Ltd, HGHL Holdings Ltd - and with Gulf Oil Lubricants India Ltd., which became a fellow subsidiary with effect from 5 June 2014. Transactions with the subsidiaries will be in the form of marketing services, advances, rent payment, guarantees and investments. GOCL will provide security for Gulf Oil Lubricants India Ltd (GOLIL) working capital loans and will also buy lubricants from GOLIL. The resolution does not specify the amount or the limit up to which GOCL will provide security. The securities extended to GOLIL form part of the Scheme of Arrangement – the lenders’ covenants obligate GOCL to provide security for the loans transferred to GOLIL upon demerger.

As at 31-Dec-13 the company had loans of Rs.195.1 bn, equivalent to its paid up share capital and free reserves as on 31-Mar-14. If not approved by the shareholders, the company will not have any room for incremental borrowing. The increase in limit is essential for working capital and capital expenditure requirement of the company and for the proposed issuance of non-convertible debentures on private placement basis. Company has increased its borrowing limit gradually from Rs.200 bn in Jul-08 to Rs.300 bn in Aug-10 (the present borrowing limit). On standalone basis, the company’s debt to EBIDTA and debt to networth are 5 times and 0.8 times respectively. The company has an adequate leverage on consolidated basis. Its debt to EBIDTA has ranged between 1.9 and 2.1 times during FY11-13. Even if the company raises the additional debt, we do not expect any material deterioration in Tata Motors’ credit quality.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.

The resolution for the proposed borrowing limit does not include ‘temporary loans’ as defined under Section 180(1)(a) of Companies Act 2013: this means that the company may raise short term debt, working capital, and all debt that is repayable on demand, in addition to the proposed borrowing limit. The company has headroom of almost Rs.13.4 bn to raise debt, without needing shareholder approval. The company has not provided any justification for the increase in borrowing limit (which would enable the company to raise debt to the extent of Rs.33 bn). Moreover, companies must approach shareholders for an increase in borrowing resolution as and when they need it, rather than get a large limit approved. Also, if the company decides to draw down this entire limit, its credit protection measures would deteriorate over present levels. Further, the company can unwind the Escorts Benefit and Employees Trust, which owns 37.3 mn shares in Escorts created as a part of a restructuring in 2012. This money rightfully belongs to the company and should be used before taking additional debt.