5, A]!{OUNT TRANSIERRED TO RISXRVIS
Duriru ihe year under review. the Company has iransfcrred its enlile Nrllit lo thc Scncrrl reseNes ol thc
Company
6 PUtsL]C DTPOSITS
Your Company has not accepted any deposits *'ithiI the meannrg ol S..tions rnder Col]'panL.s Act. 2013
and the mles made lhere under
7, CONSERYATION OE ENERGY AND TXC]]NOIpGY AISORPI'ION AND IOREIGN IXCHANG|]
I RNINGS / OtIlC.O
Conservation of enerSy & technology absorplion, The requircrncnt of d isclosn re i n l.mrs oi Sc.t ioil 1 3.1
(il)(m)olihe Companies Act 2013 read with Rule 8(3)olconlp,'i es (^ccou']r, Rulcs 2011 resirding
conseNation oi energy and lechnology absorplion does not ,pply to yorrr Companl The Cornpnnl lras
been however, maknrg all possible atteinpts with regard to cre$y Conse^Ixlnnr rn(1 1n5 nude lull trse ol
lrlornation Technology in its operatjons
Ioreign lxchange Ea lin8s And Outgo, Ioreig exchangc ca nlgs riL.l orri3o dlrrin:. Iltc f;nrlciil )erlr
are as tollolvs,
loreian txchan8e eamed Rs. 39,173.93 Lakls
Iorcign Xxchanse outgo, Rs. 1,1E34 E4 Lakls
h ihe current year. your Direciors are putting up efforts lo incr.asc thc carlrilrg spced an.l hop. thrt thc
Conpany will do better in current Ycar. The ouilook for the culrerli Year is also v.ry bri:Ihi rn.l your
Direciors are hopelul ofbetter position durins the cuuent y.ar
8. MATERIAL CHANGXS
There are no matedal chrnges a1ld con1mirnerlts, .ffecurg the lilatr.ial posill.]lr of lh. c-ofrpany
beiween the end olthe rina cial Yearandthe date of Directois Reron
9 ACQUISITION OI SXAMEC IIMITTD
4 TUTURE OIJTI,OOK
Dudng thc ),car nder revierv. Company has acquired Sernrc l-irnited L,! crlerilr! Lrl. a shrr. pnr(hxsr'
rgrccmcnt with I{h technip, France ior purchase ol maloriiy ol ih. stilie o( Scrrrec LLtrritell rr a
consideralion of Rs. 97 pcr sharc aild thcrcupon M/s Scami'c h.s becorne Subsidi y C.mprrl w. I 3"r
June.2014.
10. DI\''IDEND
Keeping in vlew ihe future requirenellls oI funds b) ihe c- npatrI lol ils |tuPosed 8r's4l[ndexpansioll lhe tsoardexprcsscs its lllabilily io recomnerld an,v dividcnd
II DIRIC I ORS' RTSPONSIBIIITI STATIMINT
rursuant to seciion 134 (3)(c)ofthe Companies Acl 20llrlourDircctolsstal.rl,rri
. nl the preparation of the annual accounis the applicablc lrr.ounlins strndrlds havc Lee I I'lkNcd
and thlrl no maierial deparflircs have been made tuon1 the sam.i
' su.h accounling policies dc being applied consnlerlily nirrl ju.lgrrenl5 halc bcelr rn'rl' thit are
rcasonable and pmdent, so as io Sive a true and falr view ol Ih. stxte ol nltai|s ol the ConTxnI .lt the
end ol ihe linancial year and olthe prolits ol the Comtanl for tl iperrod;. proper and suflicient care h,rs teell taken lor ihc rulinterranc. ol d.leqnate r..orrlliir)S re.or{ls jn
sccordance wiih the prcvisio s of rhe Companies Acl. 2013 lor s'lfe3udr. rs llre '(QIs 'r
lrrF
Coinpany aild for preveniin8 and detectilg tuaud .lnd olher irrc.grlarilies;
. annual acco1l11is have been preparcd oll.rgolq concertr trrsis;
. adequaie andoperatin8 inlc al fnlanc ia1 contro ls have been li ior tlre aom|rnvl arr(l
.proper systems to ensure compliance \Yilh the provisions ol all rliriciblc hws halc tr"n d'vlsed
and such systems are adcquate a d operatnl8 effcctiveLy
]2 AUI]ITORS,
Ills Kanal & Co.. Chariered Accountanis \vere appoinied as StrtLriory ,\ndilors oi thc aornplnl rrt lhc Lisl
Amlual General i{eeiirg held on 291r' Scptember. 201,1 to hold officc lill lhe conclLr\ior ol Ilre lirl1h.onlii1s
lGrU lursuanl to the provisions of section 1 3 9 ol Lhe Conlpfiies ]\ct 20 1 3 . n(l the ltules I hcrc t nd er' ii is
proposed io apponll ^1/s
Kamal & Co. Chartered Ac.o1lnlants (mN 0O1O3llN) ,]s th. Slrnrtor) ,\udLtors oi
thc Company fron the corclusion of thc forihcoming Annual C.ncilll r\leelrn3 nP nr ilrc conclrrsnnr 'l tl'e
rlexl Arulual General MeetinA olthc Company
]3 AI]DMOR,S REPORT
The observaliors of ihc Audiiors nr their Report read togctller rvith lfic \oics on A..onnls ,re sell
cxplnutory,nd therefore. in the opinion of ihe Dircctors, do noi cill IoI rn] ltrthcI .x!lanali.!1
14, SICRETARIAL AUDIT
Durin8 the year, Secretarial Audii was carrjed out by llis shipir ldriiha & r\ssoc'at.s Conlprrr,!
Sccrclaries, the Secreiarial Audiiors ol the Company lor thc ft n.i.l )ellr 2ol.l 15 Th.r. r'crr llo
quxlification, reservation or adverse renErks Siven br S.crctr*rl Audilors ol lhe (--olnpant Thc,ldailcd
Rcpori on ihc Scc(cta al Audii is appendcd as an -{nilcxur'e to thls lieporl
]5 INTERNAI, AUDIT,
Duins the year. Illterrlal Audii wm carried out by r\'lis Lovi r\ lchrotra & A\so' ii1'5 '\ Lr 5 I o! i r I elr rol I a &
Associatcs has beetr appoilted as Irllernal Autlitor lor the coninruous lirlancial \''rr 2012 l3 2r-rl3 l1
.llrd 2014 15.
16, S'TATIIIINI Of PAXTICU],ARS OI IMPIO\-EES
Disclosures wilh rcspect io the remunemtioil of Direci.rls and .mployc's es teqntrr'iL LrrrJcr
Coinpanles Aci.2013 and Rule 5 (2) Coinpanies (Llpomtn1eni anll Rernntr'rxl(u
Pcisonnel) Rulcs, 201,1 rs hcreunder
;, Pejc!tr,.qe oiLomr,r{! , errr t tr'r } Sh.1!es lLld
";.;;;;;;.;; n",rffil;u,rtlrlr tlre
r\'1c.rnirS Ol
Qualification
Clxuie(lll) of Sutr
hulc (2) oi Ylci;\1I
Agrarval
llanaging N$A COCA
CO]A
UNl\'ERS]IY,
ATLA\TA
GTORG]A,
tJs'\
RS 15 O0 000 Per llorlth as
Rcmunemiiotr as Director for
(1 0.1.2014-30 10.2014) tud
15.00,000 per nrcnth as
salarl for ihree lEonths
(1.11.20I5 31.01 20l5 iltcr
01 03:00i r 2 ;a 9.i.
hrs resianatnu lrorn
Dilectorship)
Last lmploymenl Held
lmploJee Is Relative oDicctor Or nbnaaer l
FromO1.O2.2Ol5io31O3.20l5lurSanlccvAgr3$aLwasgetinlEproiessioDxlleeo lts 50 (10'(r00
17 BOARD OI D]RICIORS AND (M?.
During ihc year the Board of Directors haYealpoi11ted llr \irleetr .\1Lrlltr ,\lr \'ir]"t Srr']ri A:lir$:11
llr KarndL Nalayan Raihi and llr Udii Raj Dubcy as an A.ltliti.iLrl Dn..lDrs .1 Llrr Coltp,l rI I r i :10r
oclober 201.1 r\t udai Rai Dubey resigncd frcnl ihe loarLl o, the coNltrrrv rv . I 9'r' A|]1 il lr:'11 '\15
Dirya llchrotm and r\1r Shian sL11lder SirlShal havc Lreen .lppoDltcd as A.ldill.url lrr.lr|'tr'l'rL I rit't' L'
n,ith elleci lrom 2i'r llarch. 20 15 to hoL.l office up to thc .1et. of l.nlh.omirtit ]\rrnnxl GelL.r trl ,\ L.clmJ
ueirg eligible Ms. Dlvyd r\lehrolra and r\1r Shiam Sunilcr Sliuh,ll oil.rcd tlrenrieLv.i to bc ,rf]r(nricJ t$
the lrldependent woman Direcior and hrdelen.icnt Dire.tor I.sPc.tiYelr oI l.rI (.'rfl1rn)
As per fhe provislons ol thc Compiries Aci. 2013 lndependentDirc.lor!irrrrqrireLlloL'.rt)lrirLeLll'r
d terlt of fi\.e consecuiive ycrrs. but shall be eliSiblc lor renlt.ir]lrn.iL1 !]ir tasirll . I s|..1 L r'il'rri'n'blthe CompsnyaMshall notbe lidrle io relii'e byrofdiioll NoncoitheLrireclors.\iefti\lr'lrifl'
"!rlr,ill relire al the etrsuing AnnLrrl General ,\Iee lnlg .rnd. lreirlS eliSilrl0 oftir lrnns.ll f.r r.-ele.lxrtr
The hdcpendeni Dircctors ol your Cornparlv have Sivcn ihe certillcaie ol udepen'lencc io 'rour colrpxil
slaiirg thff ihe)- meet the critcria of udependence as meniioned 11der Sectiorl I '19 (6) oi thc 'onlpanics
Aci.2013.
The Policy or Direcior's apponlimcni and remuneraiioll jncludnlg cril'rl3 for d€lcrnritri113 qrrililicdiion'
positive alfributcs on uldependence ol Direciols and aiso oi1 rcnlu eration oi l{e] nixn'l3eriitl Persorrncl
an.t other cll1ployces lonrs pa of lhis Annual Repod
1 8 PIRIORMANCE EVALUATION,
The cvaluation process locused on various aspects ol the
composiiion ol the Board and Conntiitees, experie ce a d
and oblisafaor-s, governance nsues ctc
Board a d Cornn itee-\ ltnrciionins sllcll is
colnleie|cics fcrtlrrnlrln.c ol sPc'il\' duti's
lursLrant to provlsions ol companies Act 20i3. the Board has carried oul aiuuaL Feiformaikre e!41'LatlorL
of ih ow11 performance. ol ihe Direclors nldividuall) as lvell .l\ elrlrralioil ol $.orlxr3 ol An(iii
Nolnjnationan.lRemuneraiionComrdtteewhichcoYersvsriouslspccholBoardilun.tionirl:l
The pcdormirnce evaluation olIndepenttcrll direclors was carried oLribv the eniire Boird
19, CHIII TINANCLAL OIflCTR
Your Cornpany is maknlg every eflorts to liild a suitable person for the appolnirnerrl of Chi'l Fil'rilcial
ofiicer
20. ANNUlllIqIiIq4g!
ThcexlraciolAnnualReturn]nlor,\1G1.9as1.equedui1.]erS.clion92(:r)aDdRnl.]2oilh.Companies (Managemeni and Adminisiraiion) Rulcs' 2014 is alpendcd as dlr Anrlextrre io lhis Refori -
21, NUA,IIIR OI BOARD METTING CONDUCTED DURING THI \'[AR UN'DTR RTVIIW'
TlLe Companl had 16 Board lleefilgs du lg ihc tulancial lcar unrler rcvlew lh' Llel l\ o1 Bonrd
r\leetings an.l rtiendance olDirectors are provjded as annexurr to lhc Di|cctor\ Rcport
22, RICONSTIIUTION OI COA,1M]'ITX[S.
\Yith the cha ge composition of Board rarious Committees of voxr Br'ard )rarc been ]e-constitut'J
lrre. . o ..rtu,. d.ofla.llee\ -r. her"rrlder
Audil Commitlee
l1r Yijay Kumar Gupia Ch'rirrna11
r\Ii Shiam Sunder Singhal- llen1l,er
r1r Naveen Mohta- Ilcnber
Nomnration And Remuneration Commillee
n1I Yiiay Kulnar GLr|1x Chri nin
ilr Shian Sunder Sntghal ,\lerntrcr
Ilr. Pru.e Goyal- Xlcmlrer
Corporate SocialResponsibility Committee
\1rI1r
Ili
Viiay Kumar Gupia Chairman
Kamal Narayan Rathi li{ember
Yineet Saran Ag$wal l\'lember
23 IN"|ERNAI,CONMOI,S.
The Company has an adequate system ol Iniernal Controls cormrerrsrrrate tilh Ih. iizc & s.ales oi its
operations Conscious ellorts are in place on a conlinuous basis io ensure thil all ll1. Asn'rs ir, I Fie.led
against loss tuom unauihorjzeduse and pillerage
24, A?PRECIATIONAND ACMIOWI,XDGIMXNI,
Yolll Dircciors place on record lheil deep appreciation oI the emplo).cs
dcdicalion and commitmeni. lhe enthushsm .lnd unsinilirg eilbrts oi, Jrro,n) lo rPni'. Lor.l\lenl .ewl.e provide.
Ite Board places on record its apprccialion for thc suppoil and c(lopemiion lour Comf.nl lus tecil
r.ccivnls lrom ils suppliers. retailers. business padners and ol|ers associrtc.l $ ith ih. (ompnry
, t,ll l,rv.ls nrr ilEir lir.l rvork
the.nrtn,).cs hrve rnat)led the
ll rrill be the Compan)rs endeavour lo build and nurture slron:,]nlks s, h lhr tii.ic l,nsed orr furhrahlJ ol
benefils rcspeci for and cooperation with each other. consntcnt rfith consuirrri jlrteresis
The Direciors also take this oppoltunity to thank . 1 lnvestors. Clje|ts |endors Ernlis. Cov.Dnnrnt ilrd
ReguLltory Authorities forthcircontin cd suppoil
Forbehaf of Board of Directors
SHORE LIM ITED
Signalory
FOT HAL OFFSHORE LIMITEDtr N rl-Li1\hi,\
^ - -Kamal Naralan R thi \ ' "''! ?;;.;: ;.; ;.,.. 0kod6-'Authotis'd sisnatorv
DIN,06994787
96, Ground Floor, NewBhiwa i Ilousc,
A K llarg, KXMPS Corner,
Mumbai, 4OOO36, Ilaharashka
DtN, OOO228a5
162-8, Pocket-C ,
Siddhadha Xxtn.
New Delhi 110014
New Delhi, 1'r September,2015