BharatBijli_AnnualReport_2010-2011

8/2/2019 BharatBijli_AnnualReport_2010-2011

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a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

DIRECTORS

M. Bsi S. Mh (Chim)

M. nikhi J. Di

(Vic Chim & Mgig Dic)

M. nk p. Mh

(Vic Chim & Mgig Dic)

M. Shm n. Di

(exciv Dic)

M. Jisigh r. Di

M. Mk Hkisdss

M. pksh V. Mh

M. ad J. Di

M. Dk S. pkh

(a M. ad J. Di)

M. Sjiv n. Shh

M. Jij C. thck

Ms. D. Vijykshmi

(aid s addii Dic

w..f. 22d Jy, 2010)

REGISTERED OFFICE

ecic Msi, 6h F, ashb Mh Mg, pbhdvi,

Mmbi 400 025.

t. n. : 022-24306237

Fx n. : 022-24370624

WORKS

n. 2, MIDC,

th B rd, aii,

nvi Mmbi 400 708.

Mhsh.

t. n. : 022-27637200

Fx n. : 022-27637443

AUDITORS

Msss D & Shh

SOLICITORS

Msss Mvi rchdds & C.

BANKERS

Bk f Idi

IDBI Bk limidCiibk n.a.

Sdd Chd Bk

HDFC Bk ld.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

REGIONAL OFFICES

Northern Regional Ofce

Mi nik, 4h F,

8-a, Bhd Shh Zf Mg,

nw Dhi 110 002.

t. n. : 011-23319694

Fx n. : 011-23319413

Western Regional Ofces

Swsik Chmbs, 5h F,

Jci f Si tmby rd d C.S.t. rd,

Chmb, Mmbi 400 071.

t. n. : 022-61457200

Fx n. : 022-61457255

n. 2, MIDC,

th B rd, aii,

nvi Mmbi 400 708.

Mhsh.

t. n. : 022-27637200

Fx n. : 022-27637443

Eastern Regional Ofce

Msw, 2d F,3B, Cmc S,

Kk 700 016.

t. n. : 033-22172382

Fx n. : 033-22172467

Southern Regional Ofce

rmsh Chmbs,

37, ldy Cz rd,

Bg 560 001.

t. n. : 080-25592646

Fx n. : 080-25592823

REGISTRAR & SHARE TRANSFER

AGENTS

Link Intime India Pvt. Ltd.

C-13, p Sik Mis Cmd,

l.B.S. Mg, Bhd (W),

Mmbi 400 078.

t. n. : 022-25963838

Fx n. : 022-25946969



NOTICE

a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

nic is hby giv h h 64h a

G Mig Bh Bij limid wi

b hd Wchd Hichd H, Idi

Mchs’ Chmb Bidig, V nim

rd, Chchg, Mmbi 400 020 Fidy,

24h J, 2011 3.00 .m. sc h

wig bsiss:

ORDINARY BUSINESS

1. t civ, csid d d h adid

pf d lss acc h y dd

31s Mch, 2011 d h Bc Sh s

h d d h rs h Dics

d adis h.

2. t dc dividd eqiy Shs.

3. t i Dic i c M. Bsi

S. Mh, wh is by i d big

igib s hims -im.

4. t i Dic i c M. Jisigh

r. Di, wh is by i d big

igib s hims -im.

5. t i Dic i c M. pksh

V. Mh, wh is by i d big

igib s hims -im.

6. t i M/s. D & Shh, Chd

accs, s adis h Cmy hd fc m h ccsi his

a G Mig h ccsi

h x a G Mig h

Cmy d his h Bd

Dics d is adi Cmmi fx

hi mi.

SPECIAL BUSINESS

7. t csid d i hgh f, ss

wih wih mdifcis, h wig

si s odiy rsi :

“reSolVeD tHat Ms. D. Vijykshmiwh ws id s addii Dic

h Cmy by h Bd Dics

wih c m 22d Jy, 2010 d

Sci 260 h Cmis ac, 1956

d wh hds fc s sch h d

his a G Mig b wh is

igib -im d i sc

whm h Cmy hs civd ic

i wiig m mmb sig h

h fc Dic d h visis

Sci 257 h Cmis ac, 1956, b

d is hby id s Dic h

Cmy, ib i by i.”

NOTES:

(A) MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY

TO ATTEND AND VOTE INSTEAD OF

HIMSELF AND A PROXY NEED NOT BE

A MEMBER. INSTRUMENTS APPOINTING

PROXIES, IN ORDER TO BE EFFECTIVE,

MUST BE LODGED AT THE REGISTERED

OFFICE OF THE COMPANY NOT LESS

THAN FORTY EIGHT HOURS BEFORE THE

COMMENCEMENT OF THE MEETING.

(B) th rgis Mmbs d h Sh

ts Bks h Cmy wi mi

csd m Mdy, 20h J, 2011

Fidy, 24h J, 2011 (bh dysicsiv).

(C) th pfs h Dics big

id d Im ns. 3, 4, 5 & 7

h nic s qid d Cs

n. 49 h lisig agm wih Sck

exchgs xd his ic.

(D) as h visi Sci 205a d

wih Sci 205C h Cmis ac,

1956 Cmy is qid s is

dividds, dbs, bds, dmd

c shs, fxd dsis, is

fxd dsis, is dbs

c. h fci y Mch 31,1996 d wds which mi id

cimd id 7 ys h

Ivs edci d pci Fd

s by h C Gvm. th

Cmy hs i cmic sd

sch cimd ms h

fci y 31s Mch, 2004 h sid

d. I my b d h cims wi i

gis h Cmy i sc h sid

cimd m(s) sd h sid

d. Mmbs wh hv cimd h

dividds dcd h Fici Y

31-3-2004 d wds qsd dg hi cim immdiy wih h

Cmy’s rgis d ts ags

h ddss mid i h a

r.

(e) th dividd, s cmmdd by

h Bd, i dcd h a

G Mig, wi b id Fidy

24h J, 2011 hs mmbs whs

ms sd gisd h Cmy’s

rgis Mmbs :

() s Bfci ws s h d

bsiss Sdy, 18h J, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

s h is b ishd by ni

Sciis Dsiy ld. (nSDl) d

C Dsiy Svics (Idi) ld.

(CDSl) i sc shs hd i

dm m.

(b) s Mmbs i h rgis Mmbs

h Cmy givig c

vid sh ss dgd wih h

Cmy b, Mdy, 20h

J, 2011.

(F) th rgis d ts civiy

shs hd i hysic d dm m

ci b cid by rgiss,

M/s lik Iim Idi pv. ld., C-13,

p Sik Mis Cmd, lBS Mg,Bhd (W), Mmbi 400 078, ph n.

25963838.

th rgis Mmbs ci b

miid h rgisd ofc h

Cmy.

(G) ps h visis Sci 109a

h Cmis ac, 1956, shhds

my f mii i sc hi

shhdigs. ay shhd wiig

vi his ciiy my sbmi h

Cmy h scibd m 2B, i

dy fd.th eqiy Shs h Cmy isd

h wig sck xchgs:

1. Bmby Sck exchg limid

phz Jjbhy tws

D S,

Mmbi 400 001

2. ni Sck exchg Idi ld.

exchg pz

Bd K Cmx,

Bd, Mmbi 400051

th isig h id 1-4-2011 31-3-2012 h bv exchgs hs b

id.

REQUEST TO THE MEMBERS

1. Mmbs dsiig y imi h

accs h a G Mig

qsd wi h Cmy s

sv dys i dvc, s s b h

Cmy k h imi dy.

2. as ms cmy, cis h

a r wi b disibd

h a G Mig. Mmbs

qsd big h cy h a

r h Mig.

3. Mmbs wh hd shs i h

dmiisd m qsd

big hi Dsiy acc nmb

idifci.

By od h Bd

D.N. NAGARKAR

Cmy Scy & Si G Mg:

lg

Registered Ofce:

ecic Msi, 6h F

ashb Mh Mg,pbhdvi, Mmbi 400 025

Dd: 9h My, 2011

PROFILES OF DIRECTORS BEING

REAPPOINTED AS REQUIRED BY CLAUSE

49 VI(G) OF THE LISTING AGREEMENT WITH

STOCK EXCHANGES

Item Nos. 3, 4 & 5 o the Notice

Mr. Bansi S. Mehta :

M. Bsi S. Mh hds dg i Cmmc

d is w mmb h Isi

Chd accs i Idi. H is wd acc i cic d x i xi,

cccy, d mgs d cqisiis. H

hs b Dic h Bd h Cmy

sic Smb 26h, 1986 d Chim h

Bd Dics sic nvmb 29, 1994.

H is h Bd h wig mi

cmis :

1. a ld.

2. Cy ek ld.

3. C ld.

4. Hsig Dvm Fic C. ld.

5. Il & FS Ivsm Mgs ld.

6. JB Chmics & phmcics ld.

7. pidii Idsis ld.

8. pc d Gmb Hygi d

Hhc ld.

9. Sdsh Chmic Idsis ld.

10. Ci Chmics (Idi) ld.

11. Gi Idi ld.

12. Ssk Cmmicis tchgis ld.

13. SBI Ci Mks ld.

14. ni Sciis Dsiy ld.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

H is s Dic M/s. Jmb Wd

Hdigs ld. (BVI) Bdy icd sid

Idi.

H is s a Dic i

1. uhd Idi pv. ld.

M. Mh is h wig Cmmis:

Sr. Company Name of theNo. Committee

1. Hsig Dvm Fic CmsiCi limid & adi

2. a limid adi

3. Cy ek limid adi

4. pc d Gmb Hygid Hh C limid adi

5. Il & FS Ivsm Mgs ld. Cmsi

6. Il & FS Ivsm Mgs ld. adi

7. J.B. Chmics &phmcic ld. adi

8. Sdsh Chmics ld. adi Chim

9. Ssk Cmmicitchgis ld. adi

10. pidii Idsis ld. adi

11. Gi Idi ld. rmi& adi

M. Mh is d y Dic h

Bd h Cmy.

Mr. Jaisingh R. Danani :

M. Jisigh r. Di hs b Dic

h Bd h Cmy sic 27h ags

1955 d ws h Mgig Dics

h Cmy m Mch 18, 1963 Mch 31,

1990.

M. Di g wih h M. phd C.

Mh d h Cmy v 35 ys

wih his i ski, ddici, high

hic sdds d visi c sg

c vs d icis which hv hd

h Cmy wihsd highy cmiiv

vim w v 50 ys.

M. Di hs v 50 ys xic i

h cic egiig Idsy d i ws

d his gidc h h Cmy d

h i bsiss 30 ys g d sccssy

sbishd is “oyms” bd is i Idi.

M. Di jiy hds 1,85,080 qiy shs

sig 3.28% h Issd d Sbscibd

eqiy Sh Ci h Cmy.

M. Di is d M. nikhi J. Di,

Vic Chim & Mgig Dic, M. Shm

n. Di, exciv Dic d M. ad J.

Di, Dic.

Mr. Prakash V. Mehta :

M. pksh V. Mh bid Bchs

Dg i lw m h uivsiy Bmby i

1963, h qifd s Sici i 1966

d sic h hs b cicig s Sici.

H is M/s. Mvi rchdds & C., wd fm Sicis. H hs csidb

xic i h fd lw d is s

x i C lw, acqisiis, Ji

Vs d Fig Cbis. H hs

b Dic h Bd h Cmy

sic ags 7, 1990.

H is h Bd h wig cmis :

1. advi Hs & rss (I) ld.

2. Hik ld.

3. Idi Sy Vs ld.

4. Mkd egis ld.

5. Mkd ld.

6. pCS tchgy ld.

7. W.H. Bdy & C. ld.

8. JBF Idsis ld.

9. rjsvi pis Hdigs pv. ld.

10. tsids Khimji pv. ld.

11. Iis Ivsms pv. ld.

12. Shig C Mgm

Svics pv. ld.

M. Mh hds 325 qiy shs h

Cmy sig 0.0068% h Issd

d Sbscibd eqiy Sh Ci hCmy.

M. Mh is d y Dic h

Bd h Cmy.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

EXPLANATORY STATEMENT PURSUANT

TO SECTION 173(2) OF THE COMPANIES

ACT, 1956

Item No. 7 of the Notice

Ms. D. Vijykshmi ws id s

addii Dic h Cmy by h Bd

Dics wih c m 22d Jy, 2010. I

ms Sci 260 h Cmis ac, 1956

d aic 161 h aics asscii

h Cmy, sh hds fc s Dic y

i h d h hcmig a G

Mig b is igib im h

fc Dic i h Cmy. nic hs

b civd m mmb d Sci

257 h Cmis ac, 1956 sigiyig hiii s h cdid Ms. D.

Vijykshmi h fc Dic ib

i by i. th Bd Dics h

Cmy cfd h h vs kwdg

d xic wi b g v h

Cmy d hc cmmd h rsi

n. 7 v h mmbs.

Ms. D. Vijykshmi hds Mss Dg

i as (Ma) d is h exciv Dic –

Ivsm-risk Mgm & rsch

M/s. li Isc Ci Idi (lIC) d

hs vs xic i Isc, mgm

hm scs d idsi is. Ms. D.

Vijykshmi is s Dic h Bd

M/s. High egy Bis (I) ld. d mmb

is rmi Cmmi. Sh jiy

hds 500 qiy shs h Cmy wih

M/s. li Isc Ci Idi

sig 0.0088% h issd d

sbscibd qiy sh ci h Cmy.

Ms. Vijykshmi is d y Dic

h Bd h Cmy.

excig Ms. D. Vijykshmi wh is isd

i h si, h Dics

ccd isd i h si.

By od h Bd

D.N. NAGARKAR

Cmy Scy & Si G Mg:

lg

rgisd ofc:

ecic Msi, 6h F

ashb Mh Mg,

pbhdvi, Mmbi 400 025

Dd: 9h My, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

REPORT OF THE DIRECTORS TO THE MEMBERS

th Dics sd s hwih

h 64h a r h Cmy gh

wih adid accs h ci y

dd 31s Mch 2011.

FINANCIAL PERFORMANCE

Year Ended

31st March

2011

( ` in

Lakhs)

Y edd

31s Mch

2010

( ` i

lkhs)

Icm m Ss &

Svic 76299.48 70608.64

lss: excis Dy 6595.05 5094.3569704.43 65514.29

oh Icm 1463.35 1167.72

71167.78 66682.01

p b Is,

Fic Chgs,

Dcii,

exci Ims d

tx 7647.70 7537.95

lss: Is & Fic

Chgs 896.84 605.28

lss: Dcii 893.35 836.71

p b exciIm d tx 5857.51 6095.96

add: exci Im 3380.67 –

p b tx 9238.18 6095.96

lss: pvisi txs 1885.62 2007.09

p tx 7352.56 4088.87

Sh (excss) pvisi

x i ys 0.03 (33.48)

p txi 7352.53 4122.35

add: p bgh

wd m vis

y 2937.86 2463.06

p vib ii 10290.39 6585.41

APPROPRIATION :

psd eqiy

Dividd 1412.89 1412.89

tx psd eqiy

Dividd 229.21 234.66

G rsv 5000.00 2000.00

p Cid Fwd 3648.29 2937.86

pvis y’s gs hv b gd

cmis ss wih c y’s

si whv cssy.

DIVIDEND

th Dics cmmd Dividd ` 25 eqiy Sh h y dd 31s Mch,

2011 56,51,560 eqiy Shs ` 10/- ch.

th Dividd y, icdig Dividd tx

` 229.21 khs, wi b ` 1642.10 khs cmd

` 1647.55 khs i h vis y.

OPERATIONS

ahgh h Idi cmy i g, d

h cic qim idsy i ic,

disyd gwh d bycy, h vhg

bi- cciis cd wih ifi, sgig

cmmdiy ics, d high cig css

k mk cdiis cy cmiiv d

xd ss ss mgis, Fh,

gdi h sm s

cd dci d divis dig h s

w mhs h y d viw.

agis his bckd, h Cmy ws b

ics Icm m Ss d Svic m

` 706 cs ` 763 cs, gwh 8% v

h vis y. th ms, divs, v

sysms d jcs bsisss cibd

sigicy h v gwh.

th pBt m is d b xci

ims dcsd mgiy, by ` 2 c

` 59 c.

OTHER INITIATIVES

Dig h y h sm s ws

gdd d mdisd c ii

bsiss d hc dci cciy

high igs 220 KV.

Sciisd dsig sw sms

500 KV, isd d ky cc

wih ii high-vg sch

isi, wi hc dsig cbiiis by

imvig dicbiiy, imizi d cs-

civss.

th gig disibshi gm aC

divs wih KeB, Gmy, ws sghd by

gm d which h Cmy wi

ssmb divs igs bv 45 KW. this is

xcd imv mk sh by big

scic ici sgms b m

civy ddssd. pdci m h w

ciiy h aii wks is xcd bgi

dig h scd h his y.

a cmhsiv d--d jc smi

h sy chi ms ws iiid dig

h y. this is xcd sigicy

imv bh csm ssivss d h



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

civss is, d sbish

bs m cid gwh.

th is gig mhsis v giig,

dc dvm, cyc im dci, d

css d sysm scbiiy.

FINANCE

th Cmy cis cs ci

mgm sh-m d g-m ds

hgh igs miig dym

wkig ci, ciic vi d

gii ss ci xdi,

d imisig ms m d vids. this

bd h Cmy sic cig

cs ( icm m csh ss) –wihsdig icsd is s –

0.45% (vis y: 0.41%) ss.

th Cmy sd 3,90,000 qiy shs

Sims ld. dig h y hgh h

mk vg ic ` 874 wih

h bjciv cig cmd

xsis h ms d sms

bsisss. this gd xci icm

( bh Ci Gis tx d Mat)

` 34.10 c, d is fcd s sch i h

accs.

th Cmy’s svs s Mch 31,2011 icsd by ` 5711 khs ` 27570

khs.

as 31s Mch, 2011, h Cmy hd Fixd

Dsis gggig ` 1955.93 khs. o

h Fixd Dsis which md ym

i 31s Mch, 2011, 32 dsis gggig

` 5.56 khs w ih wd cimd

i 31s Mch, 2011. o hs 4 dsis

gggig ` 0.56 kh hv sic b

wd dd ci qss m

h dsi hds. th bc 28 dsis

gggig ` 5.00 khs hv b ih

cimd wd i d his r, isi h Cmy’s iimi h dsi

hds. th hs b d dy i

mig y miy ym bigis.

Dig h y ` 1.16 khs ws sd

h Ivs edci d pci Fd.

HUMAN RESOURCES AND EMPLOYEE

RELATIONS

th Cmy mis cmmid dvig

d sig c icii,

ggm d ccbiiy, d ks id

i h iiiiv d m-wk, d i h sii

xcc, dmsd by is mys;

hy hv disyd xmy m-wk, s-

ii, d mivi; d s ss

ccmishm m hi cibi h

Cmy’s gs.

th wk vim ws cdi hgh

h y d. i msh hmis

Idsi ris, h y d viw ws

c, wih ss m-dys. th g

m wg sm, sd micby, ws

sigd 29h J 2010, d is vid i 31s

Dcmb 2011.

th my sgh s 31 Mch, 2011 ws

1317, cmd 1298 i h vis y.

CORPORATE GOVERNANCE

a s C Gvc

g wih adi’s Cic is cmic,

is s i ax “a”.

DIRECTORS’ RESPONSIBILITY STATEMENT

ps Sci 217 (2aa) h Cmis

ac, 1956, h Dics cm h:

(i) I h i a accs, h

icb ccig sdds hv b

wd g wih xis

ig mi ds.(ii) th Dics hv scd sch ccig

icis d id hm csisy d

md jdgms d sims h

sb d d, s s giv

d i viw h s is

h Cmy h d h ci

y 31s Mch 2011, d h h

id.

(iii) Dics hv k d sci

c mic dq ccig

cds i ccdc wih visis h

Cmis ac, 1956, sgdig

sss h Cmy d vig ddcig ds d h igiis.

(iv) th Dics hv d a

accs gig cc bsis.

DIRECTORS

M. Bsi S. Mh, M. Jisigh r. Di d

M. pksh V. Mh i by i h

sig a G Mig d big

igib hmsvs im.

Ms. D. Vijykshmi ws id s

addii Dic by h Bd Dics wih



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

c m 22d Jy, 2010. I ms Sci

260 h Cmis ac, 1956 d aic 161

h aics asscii h Cmy

sh hds fc s Dic y i h d

h hcmig a G Mig b is

igib im h fc Dic

i h Cmy. nic hs b civd m

mmb d Sci 257 h Cmis

ac, 1956 sigiyig hi ii s h

cdid Ms. D. Vijykshmi h fc

Dic ib i by i. th Bd

Dics h Cmy cfd h h

vs kwdg d xic wi b g

v h Cmy d hc cmmds

h rsi n. 7 h nic dd 9h

My, 2011 v h mmbs.

Imi h Dics igib

im s qid d Cs 49

h lisig agm wih Sck exchgs is

discsd i h fs h Dics d

Im ns. 3, 4, 5 d 7 mig h nic

dd 9h My, 2011 cicd g wih h

a r 2010-11.

AUDITORS

th Cmy’s dis, M/s. D & Shh,

big Fim rgisi n. 102021W, hd

fc i h d h sig a G

Mig d, big igib, cmmdd im. this im bsiss is

cvd d Im n. 6 h ccmyig

ic.

COST AUDITORS

M/s. p. M. nbhy & C. idd

fm Cs accs hvig ms gh

ishi wih h Cmy d wh

m y disqifci s scifd d

Sci 233B(5) d wih Sci 224 d sb-

sci 3 d sb sci 4 Sci 226

h Cmis ac, 1956, hv b id

by h Bd s Cs adis h Cmy,

h Fici Y dig 31s Mch,

2012, sbjc h v h C

Gvm. thi im is i ccdc

wih h imis scifd i Sci 224 (1B) h

Cmis ac, 1956.

PARTICULARS OF EMPLOYEES

th imi qid d Sci 217

(2a) h Cmis ac, 1956, d wih

Cmy’s (pics emys) rs,

1975, d mig his r, xd

his r. Hwv, s h visis

Sci 219 (1)(iv) h Cmis ac,

1956, h r d accs big s

Shhds h Cmy, xcdig

h Sm pics emys. ay shhd isd i h pics

emys, my wi h Cmy Scy

h rgisd ofc h Cmy

cy h Sm.

addii imi s qid by Dm

Cmis ais is sd pg 14 &

15 his a r.

ACKNOWLEDGEMENTS

th Dics cc d cvy hi sic

cii mys h Cmy

hi cid ddici d cmmim

chivig h ss h Cmy. thDics s ckwdg d g

h Bks, Gvm ahiis,

Shhds, Vds d h Skhds

hi cid s, cfdc d c-

i i h mc h Cmy.

F d bh h Bd Dics

Bansi S. Mehta

Chim

D : 9h My, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

ADDITIONAL INFORMATION

[I ms Sci 217 (1)() h Cmis

ac, 1956 d Cmis’ (Discs

pics i h r Bd Dics)

rs, 1988]

A. Conservation of Energy :

(1) Mss :

• Implementation of localized heating

g s bdis isd

cvi vs.

• Two existing cranes tted with VF

divs d w 6t c isd

wih VF Div d i swy .

• Maintained 1000 kVAR Capacitor

bk d chivd vg 99%

w c.

• Feasibility study for replacement of

xisig m hid m wih s

cs civ chgy (Mgic &

leD) ms d.

• Replaced conventional ballast for

m hid ms by cic

bs.

• Replaced compressed air piping for

s wih k iig.

• Installed timers for automatic

swichig d swichig s ighs.

• VDP2 oven heating coils were

cd by w hig cis.

• Provision of transparent sheets on

iiz ighig.

• Use of variable frequency drive

“KeB” mk 750 kW sig m

g s.

• Improvementinchilledwaterpipeline,

hmc d vs isi.

(2) Imc Mss :

• Effectivestatorpressingprocess.

• Energy savings of 3% in monthly

biig by imvig w c.

• Energy savings of approx. 10% in

ighig, c d cmssd i

csmi.

• Improved heating and vacuum

sysm v sig i b

qiy sms.

• Softstart and meet the requirement

n ld lss s i.. cs

qcy by MG S.

(3) Mss pd :

• Replace Metal Halide Lamps withMgic Idci lms.

• Replace existing derated inefcient

ms wih w high fcicy

ms.

• Laynewcompressedairpipingwith

s vib chgy s

g cmssd i qim.

• Insulation of Winding section roof

dc imc h dig

smm.

B. Technology Absorption, Adaptation and

Innovation :(1) es md :

• Vertical machining center (TVC400)

isd i M pdci.

• Installationofshortheadroomcranes

i m ssmby .

• PLC’s retrotted on additional

mchis.

• Replacementofconventionalcoolant

fi sysm wih fi

sysm.

• Development of Insulation systems

MV ms 6.6 kV • Finalization of new MV and Traction

m widig sh cg

cdcs wih w VpI

sib xy sis.

• Development of TEFC MV motors

m 355 Fm 450l.

• 450L frame motors introduced with

s xdd 1250 kW.

• RDSOapproved30kW2polemotor

tsm i cig ici

(Bw i d sig) 3

hs cs s w qim

ClW.

• Alternate materials implemented for

cs dci.

• Separate Bay for T1 Dispatch with

25t eot c.

• Existing Vacuum Drying Plant VDP2

bishd chiv b dyig

s.

(2) Bfs divd :

• Increase inmanufacturingcapacity.

• Modernization of old machines.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

• Extendedlifeofcoolantandreduced

f dischg.

• MVmotors beingofferedupto 450L

m 6.6 kV.

• Increasedmarket forLTmotors.

• Increased business with CLW and

im sbsii.

• Increased working area to cater

icsd d dci d

dc cyc im disch.

• Reductionincycletimewithimproved

qiy.

(3) tchgy imd dig h s vys :

• The Company has entered into a

tchgy ts agm wih

M/s. pm Mgs S.a. Si,

mc d s Gss

pm Mg Sychs

Ms.

• TheCompanyhasalso entered into

10 y tchic assisc &

licc agm mc

d s dcs dsigd s

“KeB Cmbiv” (Divs) i Idi, Si

lk, n d Bgdsh wih

chic imi d ssisc

m M/s. K e. Bikm, GmbH,

Gmy.

C. Foreign Exchange earnings and outgo :

(1) ex aciviis :

Dic xs xd hgh

gisd Ds ci.

tsms hv s b sd s

dmd x iiy iddjcs. ths ds w bid

gis ii cmii.

(2) Fig exchg d :

` lkhs

— Dmd xs 1030.57

— Dic exs 595.19

(3) Fig exchg sd : 2522.31



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

CORPORATE GOVERANCE REPORT – ANNEXURE A

1. Company’s Philosophy on Corporate Governance :

Sic ici, h Cmy is cmmid xcig ssib bsiss cics d cigg m v is skhds.

t s his bjciv, h Cmy cdcs is bsiss is icis

scy, iss, igiy, ccbiiy, mwm d sshi whi miiig

high g d hic sdds.

Cmic Cs n. 49 h lisig agms wih Sck exchgs, Cd I

cds d Cdc pvi Isid tdig d Cd Cdc Bd

mmbs d si mgm h Cmy sicy immd.

2. Board of Directors & Board Meetings :

(a) Composition :

th Bd Dics hs 12 Dics, which (1) is a Dic. th Bdcsiss sv (7) n-exciv Idd, w (2) n-exciv d h (3) exciv

Dics. th Chim is Idd n-exciv Dic. H is m

d ms ss ccyig mgm siis Bd v

v bw h Bd. th n-exciv Dics cc 75% h Bd’s sgh

gis h miimm qim 50% s h lisig agm. Idd Dics

csi m h h h sgh h Bd s gis hid qid

wh h Chim is n exciv Dic. th n-exciv Dics mi

ssis wih xic i v mgm, fc d w d hv wid g

skis d xic. th dy dy is h Cmy vs by h

exciv Dics, M. nikhi J. Di, M. nk p. Mh (bh Mgig Dics), d

M. Shm n. Di (exciv Dic).

Ms. D. Vijykshmi, exciv Dic, Ivsm – risk Mgm & rsch lIC,

ws id s addii Dic h Cmy d sci 260 h Cmis ac,1956 hd fc Dic h d h hcmig 64h a G Mig

h Cmy s siv lIC d im M. Mghd Km, by h

Bd Dics h Bd Mig hd 22d Jy, 2010.

Ms. D. Vijykshmi hds Mss Dg i as (Ma) d is h exciv Dic,

Ivsm – risk Mgm & rsch M/s. li Isc Ci Idi (lIC)

d hs vs xic i Isc, mgm hm scs d idsi is.

Ms. D. Vijykshmi is s Dic h Bd M/s. High egy Bis (I) ld.

d mmb is rmi Cmmi. Sh jiy hds 500 qiy shs h

Cmy wih M/s. li Isc Ci Idi sig 0.0088% h issd d

sbscibd qiy sh ci h Cmy.

exc M. nikhi J. Di, M. nk p. Mh, bh Mgig Dics d M. Shm n.

Di, exciv Dic, h Dics ib i by i.

M. Jisigh r. Di, M. nikhi J. Di, M. Shm n. Di d M. ad J. Di

d ch h. n h h Dics d y h Dic.

(b) Board Meetings :

I h Fici Y 2010-2011, Fiv (5) Bd Dics’ migs w hd h wig

ds :

1. 6h My, 2010

2. 25h J, 2010

3. 22d Jy, 2010

4. 27h ocb, 2010

5. 24h Jy, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

(c) Attendance/Sitting fees of Directors :

S.n.

nm f h Dic Cgy fDicshi

n. fBdMgs.

dd

adc s aGM

n. fDic-shis f

hCmis

Mmbshi fCmmis f h

Cmisas as

Mmb Chim

SiigFs fBd/

Cmmimigs `

n. f equiyShs

Hd s Mch 31,

2011

1. M. Bsi S. Mh ––Chim

Iddn-excuiv

5 YeS 15** 8@ 5 50000 –

2. M. nikhi J. Di –Mgig Dic

excuiv 5 YeS 1* – – – 1,51,284

3. M. nku p. Mh –Mgig Dic

excuiv 4 YeS 2* – – – 1,85,830

4 M. Shm n. Di excuiv 5 YeS 1* – – – 2,898

5. M. Jisigh r. Di n-excuiv 1 no – – – 20000 1,85,080

6. M. Muku Hkisdss Iddn-excuiv

1 no 1* – – 30000 500

7. M. pksh V. Mh Idd

n-excuiv

5 YeS 16* 9@@ 1 140000 325

8. M. ad J. Di n-excuiv – no – – – – 46,650

9. M. Dk S.pkh – a M. a. J. Di

Iddn-excuiv

1 no 17$ 4*** 5 10000 –

10. M. Sjiv n. Shh Iddn-excuiv

5 YeS 5* 3 – 130000 4,560

11. M. Jij C. thck Iddn-excuiv

3 no 5* – – 70000

12. Ms. D. V ijy kshmi Iddn-excuiv

1 – 1 1 + – 10000

13 M. Mghdkum++ Iddn-excuiv

– no – – – – –

t 460000

@ icuds mmbshi i rmui/Cmsi cmmi i 3 cmis.

@@ icuds mmbshi i rmui cmmis i 3 cmis.* Icuds/ ss Dicshi i pv. ld. cmis.** icuds a Dicshi i 1 cmy.*** Icuds mmbshi i 2 rmui Cmmis.$ icuds a Dicshi i 4 cmis.+ rss mmbshi i rmui Cmmi.++ rid w..f. 25h Ju, 2010.

(d) Information placed before the Board

• Reviewofannualoperatingplansofbusinesses,capitalbudgets,andanyupdates.

• QuarterlyresultsoftheCompanyanditsoperatingdivisionsorbusinesssegments.

• MinutesofmeetingofAuditCommitteeandothercommittees.

• Information on recruitment andremunerationof senior ofcers includingappointment or

mv h Chi Fici ofc d h Cmy Scy js bw h Bd

v. • Materiallyimportantshowcause,demand,prosecutionandpenaltynotices.

• Fatalorseriousaccidentsordangerousoccurrences.

• Anymateriallysignicantefuentorpollutionproblems.

• AnymateriallyrelevantdefaultinnancialobligationstoandbytheCompanyorsubstantial

-ym gds sd by h Cmy.

• Any issue which involves possible public or product liability claims of a substantial

.

• Detailsofany jointventureorcollaborationagreement.

• Transactionsthatinvolvesubstantialpaymenttowardsgoodwill,brandequityorintellectual

y.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

• Signicant labourproblemsandtheirproposedsolutions.

• Signicantdevelopmentinthehumanresourcesandindustrialrelationsfront.

• Sale ofmaterialnature, of investments, subsidiaries, assets,whichis not inthe normal

cs bsiss.

• Quarterly detailsof foreignexchangeexposure and the stepstaken bymanagement to

imi h isks dvs xchg mvm.

• Non-complianceofanyregulatoryorstatutoryprovisionor listingrequirementsaswellas

shhd svics sch s -ym dividd d dys i sh s.

th Bd Dics is iy sd wih imi d h bv hds

whv icb d miy sigifc. ths sbmid ih s h gd

s w i dvc h Bd migs bd i h cs h Bd migs

bd b h i Cmmis h Bd.

(e) Code of Conduct :

th Cmy hs dd Cd Cdc is Bd Mmbs d Si Mgm

d hs sd h wbsi h Cmy i ms cs 49(D)(i) h lisig

agm wih Sck exchgs. th Mgig Dics i ms Cs 49(D)(ii) fm

h cmic h Cd Cdc by h Bd Mmbs d Si Mgm

h y d viw. a dci his c sigd by h Mgig Dic, M. nikhi J.

Di ms his .

3. Audit Committee :

() th adi Cmmi h Cmy cmiss h wig Fiv Mmbs :

1. M. Sjiv n. Shh Chim Idd n-exciv

2. M. pksh V. Mh Mmb Idd n-exciv

3. M. Jisigh r. Di Mmb n-exciv

4. M. Mk Hkisdss Mmb Idd n-exciv

5. M. Jij C. thck Mmb Idd n-exciv

a mmbs h adi Cmmi fciy i d M. Sjiv n. Shh, Chd

acc d Chim sic 9h My, 2011 hs h v ccig d d fci

mgm xis.

M. D.n. ngk, Cmy Scy is h Scy h Cmmi.

th Mgig Dics, Vic psid: Fic, Dy G Mg: I adi d

Si G Mg: Fic d h adi Cmmi migs by ivii. Sy

adis d Cs adis s ivid d h migs.

(b) Meetings & Attendance :

th adi Cmmi hd (4) migs dig h Fici y 2010-11 d w hd

h wig ds :

1. 6h My, 2010

2. 22d Jy, 2010

3. 27h ocb, 2010

4. 24h Jy, 2011

M. pksh V. Mh d M. Sjiv n. Shh w s i h migs.

M. Jij C. thck dd h (3) migs, M. Mk Hkisdss d M. Jisigh r.

Di dd (1) Mig ch.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

(c) Power/Role/Review of Information of Audit Committee :

Cs 49 h lisig agm iss h h adi Cmmi.

th gis h ms c s ws:

• OverseeCompany’snancialreportingprocessanddisclosures.

• Recommend statutory auditors’ appointment/reappointment/replacement/ removal/

mi d ym s y h svics dd by hm.

• Reviewwithmanagementthequarterly,halfyearlyandannualnancialstatementsbefore

sbmissi h Bd, icdig discs rd py scis.

• ReviewwiththeManagement,performanceoftheStatutoryandInternalAuditors.

• Reviewadequacyofinternalcontrolsystems,internalauditdepartment,reportingstructure

d qcy.

• Discussionandreviewwithinternal auditorsof anysignicantndings,suspected fraud,

igiy, i h I C Sysms d w- h.

• Discussion with statutory auditors before the audit commences, about the nature and

sc di s w s s-di discssi gdig s cc.

• ReviewingtheCompany’snancialandrisk-managementprocess.

• Reviewdefaultsifany,inpaymentstodepositors,shareholders(incaseofnon-paymentof

dividds) d cdis.

• Decideonrecommendations/auditreportndingstobeplacedbeforetheBoard.

th adi Cmmi xciss is pws s dfd i Cs n. 49 II (C) s d wh h

d iss d s viws mdy imi s qid d Cs 49 II (e) m

im im.

4. Remuneration Committee :

th rmi Cmmi h Cmy cmiss h wig F (4) Mmbs :

1. M. Mk Hkisdss Chim Idd n-exciv

2. M. pksh V. Mh Mmb –d–

3. M. Sjiv n. Shh Mmb –d–

4. M. Jij C. thck Mmb –d–

th rmi Cmmi mig ws hd :1. 6h My, 2010

M. Mk Hkisdss, M. pksh V. Mh, M. Sjiv n. Shh d M. Jij C. thck w

s i h mig.

th ms c h rmi Cmmi s d :

i. t dmi h mi ckg exciv Dics, ivs Dics id

/s 314 h Cmis ac, 1956 icdig sy, wcs, qisis, ym

cmmissi, si ighs,

ii. t cmmd d vs my sck i schm.

iii. t cmmd siig s h Bd Dics.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

(a) Remuneration of Whole Time Directors :

th mi icdig cmmissi yb h Mgig Dics / excivDic h fci y 2010-2011 is s d:

i ( ` )

Sy pqisis Cmmissi

pyb h FY

2010-2011

t

M. nikhi J. Di 60,00,000 73,32,767 1,07,56,700 2,40,89,467

M. nk p. Mh 60,00,000 72,70,082 1,07,56,700 2,40,26,782

M. Shm n. Di 27,00,000 33,75,000 70,69,000 1,31,44,000

a m siig s, h n-exciv Dics id y cmmissi/mi.

5. Shareholders’/Investors’ Grievance Committee :

th Shhds’/Ivss’ Givc Cmmi cmiss h wig mmbs :

1. M. Mk Hkisdss Chim Idd n-exciv

2. M. pksh V. Mh Mmb Idd n-exciv

3. M. nikhi J. Di Mmb exciv Dic

4. M. nk p. Mh Mmb exciv Dic

M. D.n. ngk, Cmy Scy, is h Scy h Cmmi. th Cmmi hs m

c, 24h Jy, 2011, whi mmbs, xc M. Mk Hkisdss, w s.

th mb givcs dssd d viwd by h Cmmi h sisci

h shhds ws 31, ms hm d -ci dividd. th w qss

sh s/smissi/dis ms c. dig s 31s Mch, 2011 d

sch qss w cssd d divd wihi mh (30 dys) dgm wih h

cmy.

M. D.n. ngk, Cmy Scy hs b dsigd s h Cmic ofc h

Cmy s h qim h lisig agm.

Terms of Reference :

th Cmmi ks i dssig givcs Shhds iig s shs,

-ci bc sh, ci dividd, dmiisi shs, cmiscivd m SeBI d h Sck exchgs c.

6. Other Committees :

th Cmy hs s csid Cmmis Dics, csid: (i) o md

by M/s. Sims aG, Gmy h xisig shhds M/s. Sims limid cqi

qiy shs ic ` 930/- sh d (ii) t bi vi s m

Gvm vd vs dmi Mk v imvb y d Bkig

Cmmi k i ig, csig d hizi ig bk ccs h

Cmy.

th Bd Dics hs s dgd h w vig s/smissi/iss

dic sh cifcs Sh ts Cmmi.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

7. Annual General Meetings :

th s h a G Migs w hd s d :

Financial Year Date Time Venue

2009-2010 25-6-2010 3.00 .m. Wchd Hichd H, 4h F, Idi Mchs

Chmb Bdg., Chchg, Mmbi 400 020

2008-2009 02-7-2009 3.00 .m. -d-

2007-2008 26-6-2008 4.00 .m. -d-

n Sci rsis hv b ssd i h s h a G Migs :

8. Disclosures :

(i) a h Bd Mig, h Dics discs h ms h Cmis/pis i which hy isd, d ccdigy h rgis Ccs d Sci 301 h Cmis

ac, 1956 is bd d sigd. a d y scis discsd h Bd Dics dig ch mig. Dig h y h w scis mi wih h Dics h Mgm ivs h hd i cfic wih h iss h Cmy.

(ii) QuarterlyDisclosures–Resultsandnotesthereon.

risk Mgm – risk idici, iiizi d miigi s h 20 iskshv b izd wih h isk ws d Cs’s (es & Yg), s d i.D isk icy hs b md. a m gisi sc isk mgm dmiig css wih ig hs b ccdd i Mch 2010 d h immi isk miigi s d hi viw hv cmmcd.

(iii) th w iscs -cmic y m d h Ci Mks, w y is sics imsd h cmy by SeBI y Sck exchgs y sy hiy -cmic y m d h Ci Mks digh s 3 ys.

(iv) n mmb h Si Mgm hs i cfic wih h is h Cmy g ig y mi ci d cmmci sci.

(v) th Cmy ms h my hs b did ccss h adi Cmmi.

(vi) th Cmy hs cmid wih mdy qims s sid i Cs 49 hisig gm wih Sck exchgs.

(vii) as gds h h -mdy qims, h Cmy hs csid rmiCmmi d hs s mvd wds gim qid sms. as gds whisbw icy, h Bd hs k cgizc his d wi csid dig i s d wh

cssy.

(viii) th shs hd by h ms hv b dgd wih y Bks, Fici Isiis wih y hid y.

9. Communication to Shareholders :

(i) Quarterly/halfyearly/annual resultsand information relating toconveningof Boardmeetings/ a G Migs bishd i F pss J d nvshki d sid h Sck exchgs s qid d h lisig agm. H yy is s ch shhd i viw is bici i wss. as qid by h lisig

agm, h qisi imi is smid hgh C Fiig d DissmiiSysm (CFDS). a sch ci ss s sd h Cmy wbsi. th Sckexchgs s imd miy sigic vs which hv k c digh y d viw.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

(ii) th Cmy hs md si y Isii Ivss/ayss dig h y.

(iii) Mgm Discssi d aysis is cvd s his a r.(iv) th Cmy hs i c Md Cd s scibd d SeBI (phibii Isid

tdig) rgis, 1992 d dsigd mys hv discsd hi hdigs ddigs i h shs h Cmy d hv b biig i v b digi shs i xcss h scibd imi d h sid cd.

(v) th Cmy hs is w wbsi, www.bhbij.cm.

(vi) I ms h visd Cs 49 h lisig agm, h cifci by h MgigDic d Vic psid: Fic h fci sms d i cs ig fci ig hs b bid by h Bd Dics.

10. General Shareholders Information :

(i) Annual General Meeting :

Dy : Fidy

D : 24h J, 2011

tim : 3.00 .m.

V : Wchd Hichd H, 4h F, Idi Mchs’ Chmb,Chchg, Mmbi 400 020

(ii) Financial Year :

th Cmy ws ai-Mch s is fci y. th ss vy q dcd

i h mh wig h q xc h q Jy-Mch, which h adid

ss dcd i My s mid by h lisig agm.

(iii) Dates of Book Closure :

Mdy, 20h J, 2011 Fidy, 24h J, 2011 (bh dys icsiv).

(iv) Dividend Payment Date : a 24h J, 2011

(v) Listing of Equity Shares on Stock Exchanges :

Name of Stock Exchange Stock CodeBmby Sck exchg limid (BSe) 503960

ni Sck xchg Idi limid (nSe) BBl

th isig s h fci y 2011-12 hs b id bh BSe & nSe.

Dm iis sciy Idifci n. i nSDl & CDSl : Ine 464a01028

(vi) Stock Price data at the Stock Exchanges :

BSe BSe nSe nSe

Mh High ( ` ) lw ( ` ) High ( ` ) lw ( ` )

ai, 2010 1,048.90 905.00 1,080.00 909.00

My, 2010 1,035.00 901.70 1,037.00 902.05

J, 2010 1,170.00 913.40 1,169.00 914.00Jy, 2010 1,316.00 1,112.00 1,314.00 1,114.00

ags, 2010 1,249.90 1,118.70 1,330.00 1,130.00

Smb, 2010 1,215.00 1,073.00 1,220.00 1,105.00

ocb, 2010 1,205.00 1,070.00 1,237.00 1,040.00

nvmb, 2010 1,125.00 951.00 1,134.90 956.10

Dcmb, 2010 1,025.00 735.65 1,024.95 872.20

Jy, 2011 1,035.00 900.00 1,034.40 888.00

Fby, 2011 1,015.00 864.00 1,007.80 865.35

Mch, 2011 1,011.90 912.10 1,006.60 913.00



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

Performance of Share price in comparison with BSE Sensex :

(vii) Registrar and Transfer Agents :

lik Iim Idi pv. ld.

C-13, p Sik Mis Cmd,

lBS Mg, Bhd (W),

Mmbi 400 078.

t : 25963838

Fx : 25946969

(viii) Share Transfer System :

th Bd hs csid Sh tsf Cmmi d hs dgd h qisi w

h Cmmi d sh sf ms. a sh sf d sh d isss

vd by sh sf cmmi cmisig 4 Dics d avs bid

ivs xcdig 15 dys.

(ix) Distribution of Shareholding as on 31-3-2011

S. No. No. of Equity

Shares held

No. of

shareholders

No. of shares % of

shareholders

% of

shareholding

1. 1-500 22,039 10,98,222 97.22 19.43

2. 501-1000 334 2,50,365 1.48 4.43

3. 1001-2000 145 2,03,234 0.64 3.60

4. 2001-3000 62 1,56,404 0.27 2.77

5. 3001-4000 15 54,666 0.07 0.97

6. 4001-5000 12 53,194 0.05 0.94

7. 5001-10000 19 1,30,174 0.08 2.30

8. 10001- bv 44 37,05,301 0.19 65.56

Total 22,670 56,51,560 100.00 100.00



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

Share Holding Pattern as on 31-3-2011

S. n. Cgy n. shs % shhdig

1. pms & pm G 20,19,394 35.73

2. Fici Isiis/Bks 8,60,757 15.23

3. M Fds/ utI 5,73,030 10.14

4. FIIS 13,920 0.25

5. nrIS/oCBS 72,820 1.29

6. C Bdis 2,96,794 5.25

7. Idi pbic 18,14,845 32.11

Total 56,51,560 100.00

(x) Dematerialization of shares and liquidity :

Y Cmy’s shs dd cmsiy i cic m d h Cmy hs

sbishd cciviy wih bh h dsiis. i.. ni Sciis Dsiy limid

(nSDl) d C Dsiy Svics (Idi) limid (CDSl).

as 31s Mch, 2011, 96.83% shs hv b hd i dmiizd m d h s

i hysic m.

(xi) th Cmy hs sdig GDr’s/aDr’s/Ws y cvib isms, sic

issd.

(xii) Plant Location :

n. 2, M.I.D.C., th- B rd, aii, nvi Mmbi 400 708, Mhsh

(xiii) Address for correspondence :

th C Sci Dm is cd h Cmy’s rgisd ofc sid

ecic Msi, 6h F, ashb Mh Mg, pbhdvi, Mmbi 400 025, th

n. 24306237, Fx n. 24370624. Shhds my csd ms ig

shs h ddsss mid bw:

1. lik Iim Idi pv. ld. 2. Bh Bij limid,

C-13, p Sik Mis Cmd ecic Msi, 6h F

lBS Mg, ashb Mh Mg,

Bhd (W), Mmbi 400 078 pbhdvi, Mmbi 400 025.

t : 25963838 t : 24306237

Fx : 25946969 Fx : 24370624

3. as h qim Cs 47() h lisig agm wih Sck exchgs, h

Cmy hs cd ddicd mi ID ([email protected]) xcsivy

h s gisig cmis Ivss d his is miy disyd

h Cmy’s wbsi: www.bhbij.cm



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

CERTIFICATE OF COMPLIANCE WITH THE CODE OF CONDUCT POLICY

as vidd d Cs 49 h lisig agms wih h Sck exchgs, h Bd Mmbsd h Si Mgm ps hv cfmd cmic wih h Cd Cdc h

id dd 31s Mch, 2011.

F Bh Bij limid

pc : Mmbi Nikhil J. Danani

D : 09h My, 2011 Vic Chim & Mgig Dic

TO THE MEMBERS OF BHARAT BIJLEE LIMITED

CERTIFICATE BY THE AUDITORS ON CORPORATE GOVERNANCE

W hv xmid h cmic cdiis C Gvc by Bh Bij limid,

h y dd Mch 31, 2011 s sid i Cs 49 h lisig agms h sid

Cmy wih sck xchgs i Idi.

th cmic cdiis C Gvc is h ssibiiy h Cmy’s

mgm. o xmii ws cid i ccdc wih h Gidc n Cifci

C Gvc (s sid i Cs 49 h lisig agm), issd by h Isi

Chd accs Idi d ws imid cds d immi h, dd

by h Cmy sig h cmic h cdiis C Gvc. I is ih

di xssi ii h fci sms h Cmy.

I ii d h bs imi d ccdig h xis giv s, w

ciy h h Cmy hs cmid wih h cdiis C Gvc s sid i h

bv mid lisig agms.

W s h sch cmic is ih ssc s h vibiiy h Cmy h

fcicy civss wih which h mgm hs cdcd h is h Cmy.

F DALAL & SHAH

Firm Registration Number 102021W

Chartered Accountants

S. VENKATESH

Partner

Mmbi, My 9, 2011 Mmbshi nmb : F - 037942



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

MANAGEMENT DISCUSSION AND ANALYSIS – ANNEXURE B

th Idi cic qim idsy gw by

16% dig h y d viw h bck

gwh i h c idsy scs i which y

Cmy s. Hwv, igig v-

cciy (wih csq dimii i ss

isis), cmiiv dymics, d shy

icsig cmmdiy ics, dvsy cd

mgis.

I hs mk cdiis, h Cmy

md s d:

2010-2011

( ` in

Lakhs)

2009-2010

( ` i

lkhs)

1. ods civd 67307.67 65046.60

2. uxcd od

Bk ( y d)36216.44 38723.74

3. Ss 69704.43 65514.29

4. p b

exci Ims

& tx

5857.51 6095.96

5. exci I ms

(p s

lg tm

Ivsms)

3380.67 –

6. p b tx 9238.18 6095.96

7. pat 7352.53 4122.35

8. epS ( ` )

– icdig

xci ims 130.10 72.94

– xcdig

xci ims 72.9470.28

SEGMENT ANALYSIS

th Cmy hs dd is bsiss

sgms s d:

Power Systems:

this sgm cmiss h dsig,

cmmissiig d mkig w

sms vg css 33 KV

220 KV, 200 MVa, epC jcs cic

sbsis 400 KV, cmmissiig, ci

d svicig sms, d mkig

mic dcs.

D h sm s miig

csd gdi w mhs,

dci ws w h h vis y

by 8%, whi cmiiv ss isig m

v-cciy d sw-dw i d ifw.

nhss, sigis ds (m MSetCl,

rrVpnl, upptCl, MpptCl, ric I.,

pStCl, KptCl, pGCIl c.) w civd

dig h y, d h Cmy ws b

i is dshi sii i h 220 KV css

sgm.

I h d epC jcs, ds wh 55

c - icdig s ck d m pGCIl,

ri Bi - w civd dig h y. th

Cmy hs, v h ys, cmmissid

b 130 sbsis idsi csms, is

vd wih dig css css vis

idsis, d hs cy b vd wih

upptCl, aptranSCo, d wih pGCIl

ky jcs 400 KV.

Industrial Systems:

this sgm cmiss h dvm,

mkig d mc wid g

sdd d csmizd cic ms,

sychs gss mchis h v

idsy, d h giig d sy aC

vib-sd divs d div sysms.

th ms bsiss gisd 51% ics

i d ifw, d ss – 985 MW - gw by

32%. th wy dvd g m ms

w w civd by h mk, d dmk

ds w bid, isc sgms,

m l&t, Cy p d p, JSW d ItCmgs hs.

Bh h divs d h v sysms

bsisss cdd sigic gwh i ss

d d ifw.

INTERNAL CONTROLS, AUDITS, RISK

MANAGEMENT & IT:

th Cmy hs civ sysm i

cs which ss sgdig h

Cmy’s sss, dhc sy d

gy cmics, d bs ib,

cc d imy cdig i

d ci scis.

th Cmy’s I adi ci cdcs

g css dis, d vis h xisc,

dqcy d civss cs i

bsiss csss, cmmds cssy

imvms i csss, It sysms d

cs, d ss h cciv/ viv

cis immd by css ws

gig bsis.

Im I adi digs, g wih

cciv cis k, idicy viwd

by mgm d h sd

d viwd by h adi Cmmi.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

ech y h Cmy idis d iiiss

im bsiss isks bsd i d

vim cs d wihi scd

mwk; miigi s dw , isk-

wshi ssigd, d gss viwd

vy q. this css is icd

wihi h Cmy’s cmhsiv Bsiss

pig css, wih mhy d qy

viws.

th Cmy cis civy bid d

vg is Imi tchgy sis

imv bsiss civss. Immi

xdd-is D d Vd p

sis w cmd dig h y; hs

b -im cmmici d d

scis wih bsiss s, d h

sgh h igi d ssivss

h Cmy’s sy chi. th immi

Bsiss Ciiy pig d Diss

rcvy ig (BCp-Drp) ws s iiid

dig h y miig h isk ss

bsiss i h v d g

h Imi chgy isc. this

is -civ is-wid css dicd

wd ci bsiss-ciic d, d

wd vig miigig hs isks w

c, whi big cvy m hs w

c. Diss rcvy wi b im-bd

d ib; is ci, d css

dicb d mgb.

RISKS AND CONCERNS

a ibiiy ss h bd i ic

icss, d dyd isi ds,

my d sb-im iisi cciis

d cid ss mgis.

FUTURE OUTLOOK

th cmic dsc gy mis

ci. ahgh ivsms h w

sc, d h sgms i which y

Cmy s, xcd miis,

cid ifi, vi cmmdiy ics,

igh iqidiy d high cig css wi

iviby dm ss gwh d ci

hi dvs c mgis.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

BUSINESS TRENDS

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

pricurs

Gross Ss 14100 16282 22042 27479 34173 53601 63790 60077 70609 76299

n Ss 12770 14940 20430 24584 30078 46986 56240 54470 65514 69704

C. emd. 5120 4675 5546 8718 12061 14226 18776 21507 25668 30951

n Worh 2379 1923 2573 4928 7585 11584 16850 19950 22424 28135

Gross Bock 3105 3157 3966 4171 5075 5607 6940 9941 11043 11913

n Bock 1405 1521 2034 2135 2938 3383 4403 6752 7094 7124

prof/(–) loss

Bor tx –637 185 1101 3557 5030 8320 11169 7342 6096 9238

prof/(–) loss

ar tx –464 177 734 2777 3368 5508 7249 4753 4122 7353



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

COST TRENDS

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

paicuas

excis Duy 10.6 8.6 7.8 11.6 13.1 13.7 13.2 10.2 7.7 9.5

pf/(–) lss –3.7 1.2 3.5 11.1 10.9 11.4 12.8 8.7 6.2 10.6

taxain –1.4 0.1 1.8 3.1 5.2 5.8 6.7 4.7 3.0 2.7

Dciain 1.2 0.9 0.6 0.7 0.6 0.6 0.7 1.3 1.3 1.3

Ins 3.9 2.9 2.0 1.5 1.5 1.1 0.5 0.8 0.9 1.3

oh ex. $ 13.3 12.2 12.5 4.5 6.5 6.8 6.8 7.7 6.5 1.7

psnn # 22.8 18.7 14.1 11.4 8.6 7.4 7.1 9.3 8.2 8.0

Maias 63.9 64.0 65.5 67.7 66.7 66.9 65.4 67.5 73.9 74.4

$ oh exndiu is adjusd oh Incm and excina Incm.

# psnn cs is adjusd exndiu n VrS wi and pvisin r Gratuity.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

TEN YEARS FINANCIAL DATA

( `

in Lakhs)pid dd March

2011

Mch

2010

Mch

2009

Mch

2008

Mch

2007

Mch

2006

Mch

2005

Mch

2004

Mch

2003

Mch

2002

SALES AND

EARNINGS

Ss 76299.48 70608.64 60077.08 63789.81 53600.79 34173.42 27479.12 22041.64 16281.89 14099.45

pf/(–) lss

B txs 9238.18 6095.96 7341.96 11168.72 8320.20 5029.64 3556.90 1101.30 184.77 –637.37

pf/(–) lss

a txs n

adjusms 7352.53 4122.35 4752.79 7249.18 5508.05 3367.98 2776.54 729.11 175.95 –463.93

Dividds 1412.89 1412.89 1412.89 1695.47 1412.89 762.96 508.64 226.06 56.52 –

ASSETS

Gss Bck 11913.10 11043.28 9940.76 6939.82 5607.49 5075.12 4171.10 3965.77 3157.26 3105.37

n Bck 7124.42 7094.26 6752.05 4403.32 3383.03 2938.07 2135.32 2033.93 1520.72 1404.75

Ivsms 2238.38 5671.45 754.57 2028.97 1872.97 1834.97 284.97 283.97 302.31 302.31

Dd tx

libiiis (ass) 450.23 436.34 393.66 122.70 4 6.02 8 2.63 (13.23) 102.03 (150.29) (138.28)

Cu asss,

ls &

advcs 41792.81 29643.01 27681.62 26809.63 28733.64 18048.73 15197.04 12507.86 10312.69 9670.25

Cu

libiiis& pvisis 21595.49 17023.97 14188.24 15642.07 19765.11 10923.19 9346.08 9750.67 8099.05 6465.65

n Cu

asss 20197.32 12619.04 13493.38 11167.56 8968.53 7125.54 5850.96 2757.19 2213.64 3204.60

Ci

emyd 30950.98 25668.31 21506.60 18776.31 14225.99 12061.46 8718.04 5546.41 4674.63 5119.72

LIABILITIES

Sh Ci 565.16 565.16 565.16 565.16 565.16 565.16 565.16 565.16 565.16 565.16

rsvs &

Suus 27569.66 21859.23 19384.43 16284.65 11019.08 7164.04 4666.03 2469.47 1995.38 1883.19

Shhds’

Fuds 28134.82 22424.39 19949.59 16849.81 11584.24 7729.20 5231.19 3034.63 2560.54 2448.35

l Fuds 2365.93 2807.58 1163.35 1803.80 2595.73 4249.63 3500.08 2409.75 2264.38 2671.37

eigs

p Sh ( ` ) *130.10 *72.94 *84.10 *128.27 *97.46 *59.59 491.29 129.01 31.13 –82.09

equiy

Dividd r

( ` p Sh) *25.00 *25.00 *25.00 *30.00 *25.00 *13.50 90.00 40.00 10 –

n Wh

p Sh ( ` ) *497.82 *396.78 *352.99 *298.14 *204.97 *134.21 871.99 455.27 340.19 420.87

Db equiy ris+ 0.07:1 0.08:1 0.06:1 0.11:1 0.16:1 0.26:1 0.39:1 0.81:1 0.55:1 0.33:1

+ Db = l Fuds ss csh cdi & Sh-tm ls m Bks; equiy = Shhds’ Fuds

* o equiy Sh ` 10/- ch sub-dividd



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

TEN YEARS FUNDS FLOW

( ` in Lakhs)

pid dd March

2011

Mch

2010

Mch

2009

Mch

2008

Mch

2007

Fiv

pids

t

pvius

Fiv Ys

t

SOURCES OF FUNDS:

Gss f/(ss) 11,026.37 7,537.95 8,499.68 11,822.51 9,142.99 48,991.23 12,188.31

Dduc : Dcii &

amisi 893.35 836.71 708.38 392.68 293.34 2,996.13 772.05

Dduc : Is 894.84 605.28 449.34 261.11 529.45 2,584.08 2,181.02

Dduc : txi 1,885.62 2,007.09 2,555.86 3,840.12 2,812.65 13,650.11 2,604.12

pf a tx/(lss) 7,352.56 4,088.87 4,786.10 7,328.60 5,507.55 29,760.91 6,631.12

add : Dcii 893.35 836.71 708.38 392.68 293.34 2,996.13 772.05

add : Dd tx Dbi/(Cdi) 13.89 42.69 270.96 76.67 (36.61) 595.87 42.53

add : Misc. ex./Igib asss

w/ – – – – 144.48 144.48 730.23

I Gi 8,259.80 4,968.27 5,765.44 7,797.95 5,908.76 33,497.39 8,175.93

tm ls risd 2,103.36 1,978.70 586.16 246.36 369.89 3,891.93 3,654.58

t 10,363.16 6,946.97 6,351.60 8,044.31 6,278.65 37,389.32 11,830.51

APPLICATION OF FUNDS:

Fixd asss addiis () 2,030.81 898.43 2,387.25 2,587.97 721.36 10,114.64 2,223.75

tm ls rid 2,545.01 334.47 932.78 582.12 533.47 5,526.16 2,629.91

Ivsm Chgs () (3,433.07) 4,916.88 (1,274.40) 156.00 38.00 (5,787.87) 1,532.66

Misc. ex / Igib asss – – – – – – 861.52

Wkig Ci Chgs 7,578.31 (850.36) 2,652.96 2,734.61 3,332.81 18,951.65 2,813.64

Dividds 1,642.10 1,647.55 1,653.01 1,983.61 1,653.01 8,584.74 1,768.73

t 10,363.16 6,946.97 6,351.60 8,044.31 6,278.65 37,389.32 11,830.21

WORKING CAPITAL CHANGES:

Ivis 649.66 (1,105.07) 1,161.47 1,337.63 2,097.33 6,407.56 899.44

Dbs 1,215.42 2,312.74 (1,062.23) 2,501.26 4,486.69 6,078.91 3,601.39

Csh & Bk Bcs

& oh Cu asss 4,315.07 119.84 230.54 (285.02) 419.55 4,910.68 (46.23)

ls & advcs 5,969.65 691.34 542.21 3,776.68 3,681.34 14,512.09 1,470.65

Sub-t 12,149.80 2,018.85 871.99 7,330.55 10,684.91 31,909.24 5,925.25

Bk ls – – (293.83) (456.16) (1,490.32) (2,534.14) 26.98

oh Cu libiiis 4,593.97 2,845.32 (1,070.40) 851.41 4,910.44 8,215.02 (7.44)

pvisis (22.48) 23.89 (416.74) 4,200.69 3,931.98 7,276.71 3,092.07

Sub-t 4,571.49 2,869.21 (1,780.97) 4,595.94 7,352.10 12,957.59 3,111.61

n 7,578.31 (850.36) 2,652.96 2,734.61 3,332.81 18,951.65 2,813.64



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

REPORT OF THE AUDITORS TO THE MEMBERS

1. W hv did h chd Bc Sh

Bh Bij limid (h “Cmy”) s

Mch 31, 2011, d h d p d

lss acc d Csh Fw Sm

h y dd h d xd h,

which w hv sigd d c

his . ths ci sms

h ssibiiy h Cmy’s

Mgm. o ssibiiy is xss

ii hs ci sms

bsd di.

2. W cdcd di i ccdc wih

h diig sdds gy ccd i

Idi. ths Sdds qi h w

d m h di bi sbssc b whh h ci

sms mi missm.

a di icds xmiig, s

bsis, vidc sig h ms d

discss i h ci sms. a

di s icds ssssig h ccig

icis sd d sigic sims

md by Mgm, s w s vig

h v ci sm si.

W biv h di vids

sb bsis ii.

3. as qid by h Cmis (adi’s

r) od, 2003, s mdd by h

Cmis (adi’s r) (amdm)

od, 2004 (gh h “od”), issd

by h C Gvm Idi i ms

sb-sci (4a) Sci 227 ‘th

Cmis ac, 1956’ Idi (h ‘ac’)

d h bsis sch chcks h

bks d cds h Cmy s w

csidd i d ccdig

h imi d xis giv

s, w giv i h ax sm

h ms scid i ghs 4 d 5

h od.

4. Fh cmms i h ax

d i gh 3 bv, w

h:

() W hv bid h imi d

xis which, h bs

kwdg d bi, w cssy

h ss di;

(b) I ii, bks cc

s qid by w hv b k by

h Cmy s s s m

xmii hs bks;

(c) th Bc Sh, p d lss

acc d Csh Fw Sm d

wih by his i gm wih

h bks cc;

(d) I ii, h Bc Sh,

p d lss acc d Csh

Fw Sm d wih by his

cmy wih h ccig sdds

d i sb-sci (3C) Sci

211 h ac;

() o h bsis wi sis

civd m h dics, s Mch 31, 2011 d k cd

by h Bd Dics, h

dics is disqid s Mch 31,

2011 m big id s dic

i ms cs (g) sb-sci (1)

Sci 274 h ac;

() I ii d h bs

imi d ccdig h

xis giv s, h sid

ci sms gh wih h

s h d chd h

giv, i h scibd m, himi qid by h ac, d

giv d i viw i cmiy

wih h ccig icis gy

ccd i Idi:

(i) i h cs h Bc Sh,

h s is h Cmy

s Mch 31, 2011;

(ii) i h cs h p d lss

acc, h h y

dd h d; d

(iii) i h cs h Csh Fw

Sm, h csh fws h

y dd h d.

F d bh

DAlAl & SHAH



S. Venkatesh

Partner

Mmbshi nmb : F-037942

MuMBaI : My 9, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

ANNEXURE TO THE AUDITORS’ REPORT

Statement reerred to in paragraph 3 o

the Auditors’ Report o even date to

the members o Bharat Bijee limited on

the fnancia statements or the year ended

March 31, 2011

1. () th Cmy is miiig

cds shwig ics,

icdig qiiv dis d

sii, fxd sss.

(b) th fxd sss h Cmy

hv b hysicy vifd by

h Mgm dig h y d

mi disccis bw

h bk cds d h hysic

ivy hv b icd. I

ii, h qcy vifci is

sb.

(c) I ii d ccdig h

imi d xis giv

s, sbsi fxd sss hs

b dissd by h Cmy

dig h y.

2. () th ivy (xcdig scks wih

hid is) hs b hysicy vifd

by h Mgm dig h y.

I sc ivy yig wih hid

is, hs hv sbsiy b

cfmd by hm. I ii, h

qcy vifci is sb.

(b) I ii, h cds

hysic vifci ivy wd

by h Mgm sb

d dq i i h siz

h Cmy d h is

bsiss.

(c) o h bsis xmii h

ivy cds, i ii, h

Cmy is miiig cds

ivy. th disccis icd

hysic vifci ivy s

cmd bk cds w

mi.

3. () th Cmy hs gd y s,

scd scd, cmis,

fms h is cvd i h

gis miid d Sci 301

h ac.

() th Cmy hs k scd

, m cmy d h is

cvd i h gis miid

d Sci 301 h ac. th

mximm m ivvd dig h

y d h y-d bc sch

s gggs ` 1010.5 khs d

` 440.5 khs, scivy.

() I ii, h is d

h ms d cdiis sch

s prima facie jdici

h is h Cmy.

(g) I sc h sid s, h

Cmy is g i yig h

ici ms s sid d

is s g i ym is,

wh icb.

4. I ii d ccdig h

imi d xis giv

s, h is dq i c

sysm cmms wih h siz h

Cmy d h is bsiss

h chs ivy, fxd sss d h s gds d svics. Fh,

h bsis xmii h bks

d cds h Cmy, d ccdig

h imi d xis giv

s, w hv ih cm css hv

b imd y ciig i

cc mj wksss i h sid

i c sysm.

5. () I ii d ccdig h

imi d xis giv

s, h ics ccs

gms d i Sci

301 h ac hv b d i h

gis qid b miid d

h sci.

(b) I ii d ccdig h

imi d xis giv

s, h scis md i sc

sch ccs gms d

xcdig h v rs Fiv

lkhs i sc y y dig h

y hv b md ics which

sb hvig gd h



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

viig mk ics h v

im.

6. I ii d ccdig h

imi d xis giv

s, h Cmy hs cmid wih h

visis Scis 58a d 58aa y

h v visis h ac d h

Cmis (accc Dsis) rs,

1975 wih gd h dsis ccd

m h bic. accdig h imi

d xis giv s, od hs

b ssd by h Cmy lw Bd

ni Cmy lw tib rsv

Bk Idi y C y h

tib h Cmy i sc h

sid dsis.

7. I ii, h Cmy hs i

di sysm cmms wih is siz d

is bsiss.

8. W hv bdy viwd h bks

cc miid by h Cmy i

sc dcs wh, s h

rs md by h C Gvm

Idi, h mic cs cds hs

b scibd d cs (d) sb-sci (1) Sci 209 h ac, d

h ii h prima facie, h scibd

ccs d cds hv b md d

miid. W hv , hwv, md

did xmii h cds wih

viw dmi whh hy cc

cm.

9. () accdig h imi d

xis giv s d h

cds h Cmy xmid

by s, i ii, h Cmy is

gy b g i dsiigh disd sy ds icdig

vid d, ivs dci

d ci d, mys’ s

isc, icm-x, ss-x, wh

x, svic x, csms dy, xcis

dy, css d h mi sy

ds s icb wih h i

hiis.

(b) accdig h imi d

xis giv s d h

cds h Cmy xmid by

s, h ics ds icm-

x, ss-x, wh-x, svic-x,

csms dy, xcis dy d css s

Mch 31, 2011 which hv b

dsid cc dis,

s ws:

` i lkhs

Ss

ForuMS BeFore WHoM penDInG

Cmmissi

as

tib High

C

t

1. excis – 410.09 – 410.09

2. Ss tx 77.50 – 70.11 147.61

3. Csm Dy – 245.83 – 245.83

10. th Cmy hs ccmd sss

s Mch 31, 2011 d i hs icd

y csh sss i h fci y dd

h d i h immdiy cdig

fci y.

11. accdig h cds h Cmy

xmid by s d h imi d

xis giv s, h Cmy

hs dd i ym ds

y fci isii bks s h

bc sh d.

12. th Cmy hs gd y s

d dvcs h bsis sciy

by wy dg shs d h

sciis.

13. th visis y sci s

icb chi d/idhi/m bf

d/ sciis icb h

Cmy.

14. I ii, h Cmy is d

d i shs, sciis, dbs

d h ivsms.

15. I ii d ccdig h

imi d xis giv s,

h Cmy hs giv y g

s k by hs m bks

fci isiis dig h y.

16. I ii, d ccdig h

imi d xis giv s,

v bsis, h m s hv b

id h ss which hy w

bid.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

17. o h bsis f v xmii f

h bc sh f h Cmy, i

ii d ccdig h ifmi

d xis giv s, h

fds isd sh-m bsis which

hv b sd f g-m ivsm.

18. th Cmy hs md y fi

m f shs is d cmis

cvd i h gis miid d

Sci 301 f h ac dig h y.

19. th Cmy hs issd y

dbs.

20. th Cmy hs isd y my by

bic isss dig h y.

21. Dig h cs f xmii f h

bks d cds f h Cmy, cid

i ccdc wih h gy ccd

diig cics i Idi, d ccdig

h ifmi d xis giv s,

w hv ih cm css y isc

f fd by h Cmy, icd

d dig h y, hv w b

ifmd f sch cs by h Mgm.

22. th h css, (iii) (b) (iii) (d) f

gh 4 f h od, icb

i h cs f h Cmy f h y,

sic i ii h is m which

iss b d i h fsid od.

F d bhf f

DAlAl & SHAH



S. VENkATESH

Partner

Mmbshi nmb : F- 037942

MuMBaI : My 9, 2011.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

BALANCE SHEET AS AT 31ST MARCH, 2011

Schd ` in Lakhs31st March, 2011

` in Lakhs31s Mch, 2010

` i lkhs

SOURCES OF FUNDS:

SHAREHOLDERS’ FUNDS:

() Sh Ci a 565.16 565.16

(b) rsvs d Ss B 27569.66 21859.23

28134.82 22424.39

LOAN FUNDS:

() Scd ls C – –

(b) uscd ls D 2365.93 2807.58

2365.93 2807.58

DEFERRED TAX LIABILITY (net) (Refer Note 6) 450.23 436.34

Total 30950.98 25668.31

APPLICATION OF FUNDS:

FIXED ASSETS: e

() Gss Bck 11913.10 11043.28

(b) lss: accmd Dcii/amisi 4788.68 3949.02

(c) n Bck 7124.42 7094.26

(d) Ci Wk-i-pgss 1223.83 226.10

() advcs Ci acc 167.03 57.46

8515.28 7377.82

INVESTMENTS: F 2238.38 5671.45

CURRENT ASSETS, LOANS AND ADVANCES: G

() Ivis 8441.09 7791.43

(b) Sdy Dbs 19220.57 18005.15(c) Csh & Bk Bcs 3444.52 1086.21

(d) ls d advcs 8725.74 2753.59

() oh C asss 1960.89 6.63

41792.81 29643.01

Less:

CURRENT LIABILITIES AND PROVISIONS: H

() C libiiis 18811.32 14217.35

(b) pvisis 2784.17 2806.62

21595.49 17023.97

NET CURRENT ASSETS: 20197.32 12619.04

Total 30950.98 25668.31

Sigifc accig picis d ns mig hBc Sh

o

as chd v d.F Dalal & SHaH,Fim rgisi n. 102021WChd accs,

nikhi J. Di

nk p. Mh } Vic Chim &Mgig Dics

S. VkshpMmbshi n. F-037942

D. n. ngkCmy Scy & Si G Mg :lg

Shm n. Di exciv Dic

Sjiv n. Shh Dic

S. B. GdbVic psid :Fic

Mumbai, 9th May, 2011 Mumbai, 9th May, 2011



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

Schd ` in Lakhs

Year ended31st March, 2011

` in Lakhs

Y dd31s Mch, 2010

` i lkhs

INCOME:

Ss d Svics 76299.48 70608.64Less: excis Dy 6595.05 5094.35

I 69704.43 65514.29oh Icm J 1463.35 1167.72

71167.78 66682.01

EXPENDITURE:

Mis K 51875.33 48561.09ps l 5603.95 5432.63oh M 6040.80 5150.34Is d Fic Chgs n 896.84 605.28Dcii d amisi e 893.35 836.71

65310.27 60586.05

PROFIT BEFORE EXCEPTIONAL ITEMS & TAXATION: 5857.51 6095.96

exci Im (pf s lg tm Ivsms) 3380.67 –

PROFIT BEFORE TAXATION: 9238.18 6095.96pvisi txi

Wh tx 5.33 5.40C tx 1866.40 1959.00Dd tx Dbi/(Cdi) 13.89 42.69

1885.62 2007.09

7352.56 4088.87Sh/(excss) pvisi tx i ys 0.03 (33.48)

PROFIT AFTER TAXATION 7352.53 4122.35

Bc bgh wd m vis y 2937.86 2463.06PROFIT AVAILABLE FOR APPROPRIATION 10290.39 6585.41

ts G rsv 5000.00 2000.00psd Dividd eqiy Shs 1412.89 1412.89pvisi tx sd eqiy Dividd 229.21 234.66

6642.10 3647.55

BALANCE CARRIED TO BALANCE SHEET 3648.29 2937.86

Wighd vg mb qiy shssdig dig h y 56,51,560 56,51,560Bsic d Did ig sh (i ` )[mi v ` 10 sh]— icdig xci ims 130.10 72.94— xcdig xci ims 70.28 72.94

(r n 15)Sigifc accig picis d ns mig hpf d lss acc

o

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011


nikhi J. Di




Shm n. Di exciv Dic

Sjiv n. Shh Dic





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

31st March, 2011 ` in Lakhs

31s Mch, 2010 ` i lkhs

A. CASH FLOW FROM OPERATING ACTIVITIESpf b exci Ims d txi 5857.51 6095.96

adjsms :Dcii 893.35 836.71pf/(lss) s Fixd asss () (22.07) (7.45)pf dmi c ivsms (338.66) (239.09)Is d Fic Chgs 896.84 605.28Is Icm (217.68) (71.90)Dividd Icm (182.50) (174.38)

1029.28 949.17

oig pf B Wkig Ci chgs 6886.79 7045.13 adjsms :

td d h civbs (1247.50) (2760.85)Ivis (649.67) 1105.06

C libiiis 4533.96 2803.10

2636.79 1147.31

Csh gd m ois 9523.58 8192.44Dic txs id (1899.38) (2354.31)

n csh m oig civiis (A) 7624.20 5838.13

B. CASH FLOW FROM INVESTING ACTIVITIESpchs Fixd asss (2050.23) (1002.10)pcds m S Fixd asss 41.49 53.67pcds m S lg tm Ivsms 1696.12 –pcds m S/(pchs) C Ivsms () 3742.08 (4677.79)I C Dsis giv (6093.57) –Is civd 158.75 65.27Dividd civd 182.50 174.38

n csh m Ivsig civiis (B) (2322.86) (5386.57)

C. CASH FLOW FROM FINANCING ACTIVITIESpcds Fixd Dsis (n) 84.07 708.51I C Dsis k 1735.00 1260.00I C Dsis id (1940.00) (645.00)pcds/(ym) Sh tm ls m Bks () (320.72) 320.72Is id (860.36) (579.38)Dividd id icdig Dividd Disibi tx (1641.02) (1400.70)

n csh m Ficig civiis (C) (2943.03) (335.85)

(A+B+C) 2358.31 115.71

n ics i Csh d Csh qivs 2358.31 115.71Csh d Csh qivs h bgiig h y 1086.21 970.50Csh d Csh qivs h cs h y [

Schd G (c)]

3444.52 1086.21

n: Csh d Csh qivs h cs h y icd ` 105.93 lkhs (vis y ` 119.05 lkhs) which sicd i s.

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2011


nikhi J. Di




Shm n. Di exciv Dic

Sjiv n. Shh Dic





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

SCHEDULES FORMING PART OF THE BALANCE SHEET

SCHEDULE A

SHARE CAPITAL: ` in Lakhs



Authorised:

2,00,000 12% n-Cvib rdmb Cmivpc Shs ` 100 ch 200.00 200.00

80,00,000 eqiy Shs ` 10 ch 800.00 800.00

1000.00 1000.00

Issued and Subscribed:

56,51,560 eqiy Shs ` 10 ch, y id 565.16 565.16

o h bv shs,

47,05,830 eqiy Shs ` 10 ch issd s y id BsShs by ciisi svs

3,46,230 eqiy Shs `

10 ch issd cvsi Cvib Bds

565.16 565.16

SCHEDULE B

RESERVES AND SURPLUS:

General Reserve:

as s acc 18921.37 16921.37

Add: tsd m pf & lss acc 5000.00 2000.00

23921.37 18921.37

Balance in Proft and Loss Account: 3648.29 2937.86

27569.66 21859.23

SCHEDULE C

SECURED LOANS:

Working Capital Facilities rom Banks: – –

Scd by hyhci gib mvb sssicdig sck rw Mis, Ss, Ss, F, Wk-i-pgss, Fiishd Gds d Bk Dbs d by qibmgg, kig scd d sbsvi mggs cd b cd, immvb is xcdig vc d Cmy’s Kw cy.

– –

SCHEDULE D

UNSECURED LOANS:

Fixed Deposits: 1955.93 1871.86

( ` 608.60 khs ig d wihi y –vis y ` 284.29 khs) (icds ` 25 khsm dic – vis y ` 25 khs)

Short Term Loans:

— Bks – 320.72

— I C Dsis 410.00 615.00

410.00 935.72

2365.93 2807.58



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1


SCHEDULE E

FIXED ASSETS: ( ` in lkhs) GROSS BLOCK (at CoSt) DEPRECIATION/AMORTISATION NET BLOCK

Dsciin asss

as a01.04.2010

Additions Deductions As At31.03.2011

as a01.04.2010

For theyear

OnDeductions

As At31.03.2011

As At31.03.2011

as a31.03.2010

TANGIBLE ASSETSlshd lnd 12.95 – – 12.95 6.78 0.12 – 6.90 6.05 6.17Buidings Inc. rds+ 2605.83 39.49 – 2645.32 559.82 67.70 – 627.52 2017.80 2046.01pn & Mchiny 7004.53 764.53 57.76 7711.30 2473.38 517.28 43.93 2946.73 4764.57 4531.15Funiu & Fixus 160.26 26.48 – 186.74 101.83 18.92 – 120.75 65.99 58.43ofc equimn 272.30 28.30 7.37 293.23 131.22 25.59 6.23 150.58 142.65 141.08M Vhics 99.52 – 7.87 91.65 48.00 9.46 3.42 54.04 37.61 51.52INTANGIBLE ASSETS

aicin Sw 816.00 84.13 0.11 900.02 584.86 239.90 0.11 824.65 75.37 231.14tchnic Knwhw 71.89 – – 71.89 43.13 14.38 – 57.51 14.38 28.76total 11043.28 942.93 73.11 11913.10 3949.02 893.35 53.69 4788.68 7124.42 7094.26

pvius Y’s t 9940.76 1225.14 122.62 11043.28 3188.71 836.71 76.40 3949.02 7094.26

+ Incuds ` 11,850 bing h vu 231 shs in C-iv Sciis wnshi miss.

SCHEDULE F

INVESTMENTS



Non TradeA. Long Term – at cost

Quoted: (a fy id )24,35,160 eqiy Shs f ` 2 ch

(pvis y 28,25,160 eqiy Shs f ` 2 ch) f Sims Idi ld.

185.16 214.81

5,14,900 eqiy Shs f ` 2 ch(pvis y 1,02,980 eqiy Shs f ` 10 ch) f HDFC ld.

13.52 13.52

15,821 eqiy shs f ` 10 ch f ICICI Bk ld. 6.16 6.163,33,333 eqiy Shs f ` 10 ch f Hids oi exi

C. ld.216.50 216.50

500 eqiy shs f ` 10 ch f h HDFC Bk ld. 0.05 0.055,400 eqiy shs f ` 10 ch f Bk f Idi 2.43 2.43

423.82 453.47Unquoted:1,000 eqiy shs f ` 10 ch f h Ssw C-iv

Bk ld.0.10 0.10

10,000 eqiy shs f ` 10 ch f h nKGSB C-. Bk ld. 1.00 1.00

1.10 1.10B. Current – at the lower of cost and fair value

Unquoted:uis i M Fds

— (pvis y 1,17,68,150) f Bi S lif Svigs Fd– Is – Gwh

– 2057.15

— (pvis y 1,69,04,703) f HDFC Fig r IcmFd – Sh tm p – Whs – Gwh

– 2651.49

— (pvis y 2,96,752) f ICICI pdi Fxib Icmp pmim – Gwh

– 508.24

12,33,355 (pvis y ni) f Bi S lif Csh Mg – Is.p – Gwh (naV = ` 202.61 khs)

202.61 –

76,95,327 (pvis y ni) f Bi S lif Fig r Fd –Sh tm – Gwh (naV = ` 1000.41 khs)

1000.00 –

55,223 (pvis y ni) f utI – Fig r Fd – Shtm p – Is. Gwh (naV = ` 610.85 khs)

610.85 –

1813.46 5216.88

Total 2238.38 5671.45

aggg am f IvsmsQuoted:

Bk v 423.82 453.47Mk v 25944.00 24658.87

Unquoted:

Bk v 1,814.565217.98



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1


SCHEDULE G (Cd..)

CURRENT ASSETS, LOANS AND ADVANCES: ` in Lakhs



() a. Inventories:

(i) rw Mis d Cms 3207.71 2546.60(ii) pckig Mis, Ss, S ps d F 32.57 22.87(iii) Csmb ts 10.38 6.96(iv) Wk-i-pgss 3207.94 3267.27(v) Fiishd Gds 1896.51 1938.36

8355.11 7782.06B. Materials in Transit 85.98 9.37

8441.09 7791.43

(b) Sundry Debtors, Unsecured:(i) ov six mhs : Gd 996.03 914.46

Dbf 200.74 163.41Less: pvisi 200.74 163.41

– –(ii) ohs : Gd 18224.54 17090.69

19220.57 18005.15

(c) Cash and Bank Balances:(i) () Csh hd 5.47 4.88

(b) Chqs hd 192.86 183.45(c) rmics i si 298.78 248.23

497.11 436.56(ii) Bcs wih Schdd Bks:

() I C accs 163.15 104.37(b) I Csh Cdi accs 2739.26 488.97(c) I Fixd Dsis 45.00 56.31

(icdig k wih bk s mgi ` ni – vis y ` 1.31 khs)

3444.52 1086.21

SCHEDULE F (Contd..)

n: th fwig ivsms w chsd d dmd dig h y :

Units of the Mutual FundFc V

` ns.pchs Cs

` i lkhs

Bi S lif Csh Mg - Is. p - Gwh 10 21,724,182 3414.60Bi S lif Csh ps - Is. pm. - Gwh 10 14,028,943 2150.00Bi S lif Fig r Fd - Sh tm - Gwh 10 1,256,499 202.57Bi S lif Iv Icm Fd - ri-Qy-Sis 1-Gwh 10 4,006,699 500.00Bi S lif Svigs Fd Is. - Gwh 10 53,079,188 9380.16Bi S lif u Sh tm Fd - Is. Gwh 10 26,067,507 2873.54HDFC Csh Mgm Fd - tsy advg p - Whs- Gwh 10 9,220,986 1884.69HDFC Fig r Icm Fd - Sh tm p - Whs -Gwh 10 20,329,193 3202.37HDFC liqid Fd - pmim ps p - Gwh 10 9,964,747 1891.98

ICICI pdi Bdd p B Is. Gwh 10 30,493,438 3053.26ICICI pdi Fxib Icm pm. - Gwh 100 2,094,934 3608.45ICICI pdi Fig r p D - Gwh 100 2,337,061 3281.23ICICI pdi Iv V - Mhy Iv - p a Is. Gwh 10 4,951,476 500.00ICICI pdi liqid S Is. Gwh 100 3,719,324 5105.56ICICI pdi lg tm Fig r p C - Gwh 10 14,991,155 1500.00ICICI pdi u Sh tm p S pmim - Gwh 10 46,182,863 4817.32utI liqid Csh p Is. - Gwh 1,000 37,953 610.68utI - Fig r Fd - Sh tm p - Is. Gwh 1,000 55,246 600.00



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

SCHEDULE G (Cd..)

CURRENT ASSETS, LOANS AND ADVANCES: ` in Lakhs



(d) Loans and Advances, unsecured considered good:

(i) advcs cvb i csh i kid v bcivd (icdig ofc ` 0.17 khs – visy ` 0.37 khs) (mximm bc dig h y ` 0.37khs – vis y ` 0.57 khs)

1883.70 2020.33

(ii) Sdy Dsis (icdig ni Svigs Cifcs hc v ` 0.36 khs md b cshd dsidwih Gvm Dms d Smi Gvm ahiis– vis y ` 0.43 khs)

315.87 328.28

(iii) I C Dsis 6093.57 –

(iv) Bc wih C excis Dm 0.47 0.47

(v) advc yms x d x ddcd sc ( visi) 432.13 404.51

8725.74 2753.59

() Other Current Assets, unsecured considered good:

(i) Is rcivb 65.56 6.63

(ii) rcivbs S Ivsms 1714.21 –

(iii) Gss am d m Csms Cci Ccs(r n 12) 181.12 –

1960.89 6.63

41792.81 29643.01

SCHEDULE H

CURRENT LIABILITIES AND PROVISIONS :() Current Liabilities:

(i) acccs 5421.85 5261.49

(ii) advcs m Csms 926.15 1907.61

(iii) Sdy Cdis

() Ds Mic d Sm eiss (r n 5) – –

(b) Ds cdis h h Mic d Sm eiss 12304.55 6935.18

12304.55 6,935.18

(iv) S Sciy Dsis 0.28 0.28

(v) Is ccd d d ls 97.03 60.55

(vi) ucimd Dividds * 51.68 45.15

(vii) ucimd Is Fixd Dsis * 6.56 5.34

(viii) ucimd Md Fixd Dsis * 3.22 1.75

18811.32 14217.35

* th is m d d sdig b cdid Ivsedci d pci Fd.

(b) Provisions:

(i) F emy Bfs (r n 7) 835.88 1071.49

(ii) F ohs 306.19 87.58

(iii) F psd Dividd eqiy Shs 1,412.89 1412.89

(iv) F Dividd Disibi tx psd eqiy Dividd 229.21 234.66

2784.17 2806.62

21595.49 17023.97




a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

SCHEDULE I

SALES AND SERVICES: ` in Lakhs


` in Lakhs

Y dd31s Mch, 2010

` i lkhs

Ss 75950.87 70433.28Less: excis Dy 6595.05 5094.35

69355.82 65338.93Svics 395.98 235.78

69751.80 65574.71Less: rs 47.37 60.42

69704.43 65514.29

SCHEDULE J

OTHER INCOME:

Is Gss (tx ddcd sc ` 17.36 khs – vis y

` 0.17 khs)

217.68 71.90

Dividd m lg tm n-d Ivsms 182.50 174.38Dividd m C n-d Ivsms – 5.27pf dmi C Ivsms 338.66 239.09Miscs Icm 33.63 27.77Sc Ss 602.34 590.96pf s Fixd asss 29.13 17.34exchg Gi () 16.42 20.27pvisi g qid/ Cdi Bcs id 42.99 20.74

1463.35 1167.72

SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT

SCHEDULE K

MATERIALS:

a. Raw Materials and Components Consumed(Icdig pcssig chgs & Sbccig chgs) 48276.49 45835.55pckig Mis Csmd 776.43 509.69pchss s 2753.74 1512.90

51806.66 47858.14B. Variation in Work-in-Progress and Finished Goods: Work-in-Progress:

Sck bgiig h y 3267.27 1799.34Less: Csig Sck 3207.94 3267.27

59.33 (1467.93) Finished Goods:

Sck bgiig h y 1938.36 4278.09Less: Csig Sck 1896.51 1938.36

41.85 2339.73

Excise Duty on Finished Goods:Csig Sck 229.01 261.52Less: Sck bgiig h y 261.52 430.37

(32.51) (168.85)

51875.33 48561.09

SCHEDULE L

PERSONNEL:

Sis, Wgs, Bs c. 4560.67 4240.38Wkm d S W exss 878.72 707.36Cibi d visi pvid d oh Fds(r n 7(B)(XI)) 164.56 484.89

5603.95 5432.63



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

SCHEDULE M

OTHER: ` in Lakhs


` in Lakhs

Y dd31s Mch, 2010

` i lkhs

pw d F 437.83 396.93

Ss, S ps d ts csmd 293.28 156.92

F csmd (xcdig f w w gi) 142.69 114.71

ris Bidigs 94.85 101.19

ris Mchiy (xcdig S ps) 93.28 198.05

oh ris 41.15 27.66

Isc 54.31 46.47

r 80.73 74.64

rs d txs 47.31 154.41

txs d lvis by Gvm d lc ahiis 63.67 40.23

ryy & tchic Svic F 14.33 5.56

ps d tcmmici Chgs 97.95 90.60

tvig, Cvyc d M Vhic exss 461.93 352.97

Figh d Fwdig Chgs () 723.95 181.14

Disc & awcs Ss 182.88 201.08

pdc advism d pbiciy 68.05 135.35

piig d Siy 96.23 86.52

D pcssig Chgs 102.49 79.28

pfssi Chgs 262.14 219.34

Cmmissi 736.76 880.00

Bk Chgs 206.90 242.69Miscs 1073.38 660.58

Dics' Fs 4.60 5.70

Mgi rmi 612.61 640.86

lss asss sd, discdd, d scd 7.06 9.89

pvisi f Dbf Dbs 76.62 50.87

Less: pvisi f Dbf dbs g qid 39.29 7.69

37.33 43.18

Bd Dbs/Sdy Dbi bcs wi ff 3.11 4.39

6040.80 5150.34

SCHEDULE N

INTEREST AND FINANCE CHARGES:

Is

(i) Fixd ls 522.91 393.55

[icds ` 2.50 khs Vic Chim & Mgig Dic– vis y ` 2.50 khs]

(ii) ohs 198.95 124.04

721.86 517.59

Discig Chgs 174.98 87.69

896.84 605.28

SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

SCHEDULE O

A. Signifcant Accounting Policies1. System o Accounting :

() I cmic wih h ccig sdds d i Sci 211(3C) d h h v visis h Cmis ac, 1956 h x icb, h Cmy ws h cc sysm ccigi g d h hisic cs cvi i ccdc wih h Gy accd accig picis[Gaap].

(b) th i ccig sms i cmiy wih Gaap qis h mgm mk ssmid sims h c h d ms sss d ibiiis d discs cig ibiiiss h d h fci sm d h ms icm d xss dig h id dd h fci sms. ay visi h ccig sims cgisd scivy whvisd.

2. Revenue Recognition :

() rv m s dcs cgisd s sigifc isk d wds wshi hdc h csms, which is gy dsch gds.

(b) rv m Csci Ccs is cgisd bsd h sg cmi dmid wih c h css icd ccs d h simd css. Wh i is simd h h cc cswi xcd cc v, xcd ss is cgisd s xs immdiy. t cc csis dmid bsd h chic d h ssssm cs b icd.

(c) Ss sd xcsiv V addd tx / Ss tx, rs d Discs h y.

(d) Svic icm is cgisd, svic x, wh h d svics vidd.

() Dividd icm is cgisd sbishm h igh civ h sm.

() Is icm is cgisd h im i bsis.

(g) Isc d h cims ccd s d wh cdiiy dmid by h i hiis.

(h) eigib x icivs cgisd i h y x.

3. Fixed Assets & Depreciation :

Fixd sss sd hisic cs Cv, h ss d ccmd dcii.

Dcii is vidd sigh i bsis h s d i h m scibd i Schd XIV hCmis’ ac, 1956.

lshd d is sd hisic cs ss ms wi i xid s id.

Ss h ci ss / isc ss ddd h cs h sss. th cs schss is dcid v id xcdig h s i h fxd ss which hy .

4. Intangible Assets :

() exdi chic kw-hw is misd v h w h cc id d h id s accig Sdd (aS) 26 - Igib asss.

(b) exdi ici sw is misd v id h ys.

5. Investments :

lg m ivsms cid cs cqisii. pvisi dimii i v ivsms is md cgis dci, h h my, i h v lg m ivsms. C ivsms cid w cs d i v.

6. Inventories :

Ivis icd w mis d cms, ckig mis, ss, s s, wk-i-gss dmcd d dd fishd gds.

Cs ivis cmiss css chs, css cvsi d h css icd i bigig hivis hi s ci d cdii.

rw Mis & Cms, ckig mis, ss, s s d dd fishd gds vd h

w cs d isb v. Cs is dmid h bsis wighd vg mhd.

SCHEDULES FORMING PART OF THE BALANCE SHEET AND PROFIT AND LOSS ACCOUNT



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

Wk-i-gss d mcd ishd gds vd h w cs d isb v.

Mis i si d mis i bdd whs vd Cs--d.

excis dy is icdd i h v ishd gds ivy d Csm dy is vidd h mis yigi bdd whs.

7. Foreign Currency Transactions :

(i) Fig ccy scis ccd h xchg s viig h d h sci.Gis d sss sig m h sm sch scis d m h si my sssd ibiiis dmid i ig ccis cgisd i h d ss cc.

(ii) I cs scis cvd by wd xchg ccs, which idd dig sciss, mim discs misd s xs icm v h i h wd cc.exchg dic sch wd ccs cgisd i h p d lss cc i h y iwhich xchg chgs. p lss isig cci w sch wd ccs

cgisd s icm xs h y.

8. Employee Benefts :

A. Short Term Employee Benefts cgisd s xs h discd m i h p dlss acc h y i which h d svic is dd.

B. Retirement Benefts :

() rim bs i h m pvid Fd / Fmiy psi Fd d Si Fd, which Dd Cibi ps, ccd cc bsis d chgd h p d lss cc h y.

(b) rim bs i h m Giy which is dd b d h g m myb i h m lv ecshm, dmid d ccd h bsis iddci vi yig h pjcd ui Cdi Mhd.

(c) th ci gis / sss isig dig h y cgisd i h p d lss cc h y.

9. Borrowing Costs :

Bwig css h ibb h cqisii, csci dci qiyig sss ciisds h cs sch sss. a h bwig css cgisd s xs i h id i whichhy icd.

10. Taxation :

C tx is dmid h m x yb h icb x i sc h simd xbicm h y.

Dd tx is dmid sig h x s d x ws h hv b cd sbsivy cd by hBc Sh d. Dd tx asss cgisd d cid wd y i h is sb ciy is isi. Hwv i cs cid wd sss d bsbd dcii d h Icm tx

ac, 1961, h Dd tx ass is cgisd i d y i h is vi ciy bckd by cvicig

vidc is isi. Sch sss viwd ch Bc Sh d ssss is isi.

11. Leases :

oig lss

F miss / vhics, k / giv s, s s yb / civb chgd / cdid h v.

12. Impairment o Assets :

() th cyig m sss, h h ivis is viwd ch bc sh d ssss whhh is y idici imim i sc sch ss g sss (csh gig i). I schidici xiss, h cvb m sch ss g sss is simd.

(b) I sch cvb m h ss h g sss is ss h is cyig m, imim ssis ckd by dcig h cyig m is cvb m. I h is idici h bcsh d h visy ssssd imim ss g xiss, h cvb m is ssssdd h ss is fcd h cvb m, sbjc mximm dcib hisic cs.

SCHEDULES O (Contd.)




a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

13. Provisions, Contingent Liabilities and Contingent Assets :

th Cmy cgiss visi wh h is s bigi s s s v which i isbb h h wi b fw scs s h bigi i sc which ib sims c bmd.

Cig ibiiis discsd by wy h Fici Sms c vi by hmgm h cs d g scs h m ivvd.

Cig asss ih cgisd discsd.

` in Lakhs31st March, 2011


` i lkhs

B. NOTES :

1. Cig libiiis vidd i sc :

(i) Disd Ss tx dmds 153.66 135.95

(ii) Disd excis Dy dmds 410.09 410.09

(iii) Disd Csm Dy Dmd 305.83 305.83

(iv) Disd Icm tx Dmds 204.47 100.00

(v) Cims gis h Cmy ckwdgd s dbs 3.56 3.56

2. esimd m ccs miig b xcd ci cc d vidd ( dvcs)

872.42 143.51

3. pssi Chgs icd :

() t adis : ( Svic tx)

(i) adi Fs 13.00 13.00

(ii) tx adi F 1.20 1.20(iii) Cmy lw d h ms 0.23 0.23

(iv) Cicis 0.15 0.15

(v) rimbsm o pck exss 0.32 0.18

14.90 14.76

(b) t Cs adis ( Svic tx) 0.36 0.33

4. Mgi rmi :

() Cmi n p i ccdc wih visis Sci 349 h Cmis ac, 1956 :

p b txi s p d lss acc 9238.18 6095.96

Add: Mgi rmi 612.61 640.86lss asss sd, discdd d scd 7.06 9.89

pvisi Db Dbs 37.33 43.18

657.00 693.93

9895.18 6789.89

Less: p s sss 29.13 17.34

p s g m ivsms 3380.67 –

p dmi c ivsms 338.66 239.09

3748.46 256.43

n p i ms Sci 349 6146.72 6533.46





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

` in Lakhs31st March, 2011


` i lkhs

Mximm mgi mi yb iccdc wih Sci 309(3) @ 10% 614.67 653.35

Cmmissi yb mgi s :

– ` i khs 285.82 303.80

– pcg h n pf cmd bv 4.65% 4.65%

(b) pf d lss acc icds yms dvisis cc mgi mi Dics s d:

(i) Sy 147.00 147.00

(ii) Cmmissi 285.82 303.80

(iii) Hs r & oh pqisis 179.43 142.90

(iv) Cibi Si Fd 0.36 36.75

(v) Giy –* 10.41

612.61 640.86

* Dig h y Wh-im Dics whm Giy is yb cvd d h Cmy’sGiy Schm. Sic h scifc m sch bf c’ b scid sy s hibiiy is dmid mys by idd ci vi, h sm hs bicdd bv.

5. Discs d h Mic, Sm d Mdim eiss Dvm ac.

() th Mic d Sm iss whm h Cmy ws ds which sdig mh 45 dys s 31s Mch, 2011. this imi s qid b discsd d h Mic, Smd Mdim eiss Dvm ac, 2006 hs b dmid h x sch is hv bidifd h bsis imi vib wih h Cmy.

(b) Discs i ccdc wih Sci 22 h ac d wih nifci n. GSr 719(e) dd 16h nvmb2007 issd by h Miisy C ais :

Particulars 31.03.2011( ` in Lakhs)

31.03.2010( ` i lkhs)

() pici m miig id d is d h – –

(b) Is id i ms Sc. 16 – –

(c) Is d d yb h id dy i ym – –

(d) Is ccd d miig id – –

() Is d d yb v i h sccdig ys – –

6. th mj cms Dd tx ass/(libiiy) s bw :

Cm as 31.03.2010

( ` i lkhs)

Charge /(Credit)

As on31.03.2011

( ` in Lakhs)

Dic bw Bk d tx Dcii (805.31) 0.83 (806.14)

pvisi Db Dbs 54.28 (10.85) 65.13

u/s. 43B h Icm tx ac, 1961 314.69 23.91 290.78

Dd tx (libiiy)/ass (436.34) 13.89 (450.23)





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

7. Disclosure pursuant to Accounting Standard - 15 : Employee Benefts (Contd.) 2010-2011 ` in Lakhs

2009-2010 ` i lkhs

A. Defned Contribution Plans

th Cmy hs cgisd h wig ms i h pf & lss acc h y :

(1) Cibi emys’ pvid Fd/emys’ Fmiy psiFd

96.99 86.34

(2) Cibi emys’ Si Fd 76.60 122.49

B. Defned Beneft Plan - Gratuity

(I) Changes in the Present Value o the Defned Benefts Obligation

(1) ps V Dfd Bf obigi h bgiig h y 1,468.64 1,484.91

(2) Is Cs 121.16 118.79

(3) C Svic Cs 101.77 82.86

(4) Bfs id (106.91) (157.71)

(5) aci (Gi)/lss Dfd Bf obigi 350.16 (60.22)

(6) ps V Dfd Bf obigi h d h y 1,934.82 1,468.64

(II) Changes in the Fair Value o Plan Assets

(1) Fi V p asss h bgiig h y 1,243.02 986.67

(2) excd r p asss 105.65 83.87

(3) Cibis 281.91 313.71

(4) Bfs id (106.91) (157.71)(5) aci Gi/(lss) p asss 1.18 16.48

(6) Fi V p asss h d h y 1,524.85 1,243.02

(III) Amounts recognised in the Balance Sheet

(1) ps V Dfd Bf obigi h d h y 1,934.82 1,468.64

(2) Fi V p asss h d h y (1,524.85) (1,243.02)

(3) libiiy b cgisd i h Bc Sh 409.97 225.62

(IV) Balance Sheet Reconciliation

(1) n ibiiy h bgiig h y 700.55 * 498.25

(2)

exs cgisd s d (8.67) 313.71(3) Cibis s bv (281.91) (313.71)

(4) n ibiiy h d h y 409.97 498.25

(V) Amounts recognised in the Proft & Loss A/c

(1) C Svic Cs 101.77 82.86

(2) Is Cs bigi 121.16 118.79

(3) excd r sss h id (105.65) (83.87)

(4) n aci (Gi)/lss 348.98 (76.70)

(5) excss pvisi cid wd / (wi bck) (474.93) 272.63

(6) exs rcgisd i sm pf & lss a/c. (8.67) 313.71





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

7. Disclosure pursuant to Accounting Standard - 15 : Employee Benefts (Contd.) 2010-2011 ` in Lakhs

2009-2010 ` i lkhs

(VI) Actual Return on Plan Assets

(1) excd r sss h id 105.65 83.87

(2) aci Gi/(lss) p asss 1.18 16.48

(3) ac r p asss 106.83 100.35

(VII) Percentage o each category o Plan Assets to total Fair Value o PlanAssets

(1) Is mgd d 100% 100%

(VIII) Actuarial Assumption

(1) Disc r 8.25% 8.25%

(2) excd r r p asss 8.50% 8.50%

(3) th sim sy icss, csidd i civi, ks i cc ifi, siiy, mi d hv cs sch s sy d dmd cs i h mymmk.

(IX) ` i lkhs

F h ids dd

31.03.11 31.03.10 31.03.09 31.03.08 31.03.07

i. ps V Dd Bobigi

1934.82 1468.64 1484.91 1395.24 1201.38

ii. Fi V p asss 1524.85 1243.02 986.66 811.98 618.50iii (Ss) / Dci i h p 409.97 225.62 498.25 583.26 582.88

(X) * n ibiiy h bgiig h y icds

(i) ibiiy h d h vis y i xcss ci vi cid wd i viw imdig g m wg gm d sd mdm h pym Giy ac, 1972;d

(ii) visi Giy ` 202.30 khs yb h Wh tim Dics ccd i i ys ihmic vi.

(XI) th dic ` 290.58 khs bw h ibiiy cid i h bks d h g bw h ibiiys h ci vi d h i v h d hs b wi bck dig h y dh sm hs b d i “Cibi d pvisi pvid d oh Fds” d

Schd “l” - “ps”.

8. Discs s qid by aS 29 - pvisis ohs

() pvisi ohs icds Wy Cs xss i cci wih is d cm sdig wy id. libiiy h sm is dmid bsd s xic d sims d ccd i h y s. th di h sm is s d:

( ` i lkhs)

Cyigm s

01.04.2010

pvisimd/Ics

i pvisi

am sddig h y

Cyigm s

31.03.2011

() Wy 87.58 191.33 174.62 104.29

(118.22) (76.44) (107.08) (87.58)

Figs i h bck h vis y.





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

9. RELATED PARTY DISCLOSURES:

I. relateD partIeS

a. Ky Mgm ps.a1. M. nikhi J. Di, Vic Chim & Mgig Dica2. M. nk p. Mh, Vic Chim & Mgig Dica3. M. Shm n. Di, exciv Dic (s M. nikhi J. Di)

B. rivs h Ky Mgm psB1. M. Jisigh r. Di, -xciv Dic (h M. nikhi J. Di)B2. Ms. avi p. Mh (sis M. nk p. Mh)B3. Ms. Si p. Mh (sis M. nk p. Mh)

C. eiss v which y (a) (B) c xcis c sigic ifcC1. Dm Chmics pv. ld.C2. nsiv Ivsms pv. ld.

rd is’ ishi s sd i I(a) I(C) bv s idid by h Cmy d id by h adis.

II. tranSaCtIonS WItH relateD partIeS ( ` i lkhs)

n sci rd pisrd i I(a) bv rd i I(B) bv rd i I(C) bv

Wih Dig h Y Csig BcD/(C)



CY pY CY pY CY pY CY pY CY pY CY pY

rmi a1 240.90 251.77 107.57 114.33

a2 240.27 251.30 107.57 114.34

a3 131.44 137.79 70.68 75.13

Siig F B1 0.20 0.20

pchss C1 152.88 142.45 (12.63) (15.34)

Dsi k

a2 (25.00) (25.00) B2 1.00 1.00 (1.00) (1.00) C2 5.50 0.25 (5.50) (0.25)

B3 1.00 1.00 (1.00) (1.00)l k C1 1,735.00 1,260.00 (410.00) (615.00)

l id C1 1,940.00 645.00

Is pid a2 2.50 2.50 B2 0.10 0.10 C1 70.05 31.05 (2.76) –

B3 0.10 0.10 C2 0.11 0.03 (0.09) (0.03)

r rcivd C1 2.80 2.58 –

ass Sd C1 2.19 –

. n m hs b wi wi bck dig h y dd 31.03.2011.b. CY = Curent Year, pY = pvis Y

10. Did Imi gdig Gds mcd, tv, oig Sck, Csig Sck, rw Miscsmd c.

() (i) Installed Capacities & Actual Production :

Im ui Isd Cciy (*) pdci

2010-11 2009-10 2010-11 2009-10

ecic Ms 000 Hp 1700 1700 1314 1041tsms MVa 13380 13380 11098 11553

ohs ns. 1500 1500 670 312

() (ii) Turnover :

Im ui Qiy ($) ` I lkhs (@)

2010-11 2009-10 2010-11 2009-10

ecic Ms ns. 164614 130711 20339.86 15228.81

tsms ns. 160 184 43697.78 47147.44

pjc Ims ## 2493.48 1499.87

S s & Cms ## 1044.88 813.18

eci & Cmmissiig Svics 395.98 235.78

ohs ## 1779.82 649.63

t 69751.80 65574.71





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

(b) rw Mis d Cms Csmd :

Qty.MT.


` in LakhsQy.Mt.

Y dd31s Mch, 2010

` i lkhs

G Ims:

lmiis 5360 8024.27 5271 11922.08

ecyic C Wis, Sis & 3497 14993.72 3761 13075.79

Smigs * 2682.86 * 2013.70

Hdw d Sci Cms * 13135.20 * 12253.09

ohs 9440.44 6570.89

48276.49 45835.55

* Sic h qiy dmiis & y cms dissimi i , iis imcicb discs h qiivimi i sc h.

(c) V rw Mis, S ps dCms csmd

% %

rw Mis d Cms:

Imd 2 901.47 3 1167.34

Idigs 98 47375.02 97 44668.21

100 48276.49 100 45835.55

Ss:

Imd 5 3.10 – –

Idigs 95 57.53 100 23.50

100 60.63 100 23.50



() (iii) Purchases in respect of Goods traded in :Im ` I lkhs

2010-11 2009-10

pjc Ims ## 1917.62 1222.44

ohs ## 836.12 290.46

t 2753.74 1512.90

() (iv) Inventories :

Im As of 31.03.2011 as 31.03.2010

ui Quantity ` in Lakhs Qiy ` i lkhs

ecic Ms ns. 4590 599.01 4746 613.62

tsms ns. 7 1216.38 6 1206.62

ohs ##81.12

118.12

t 1896.51 1938.36

Explanatory Notes :

(1) th Cmy’s dcs xm m icsig qim d h idsi icy i ms ifci. S.o. 477 (c) dd 25h Jy, 1991.

(2) nis :

* as cifd by Mgig Dic big chic m d ccd by h adis s cc.$ Icds Civ Csmi, Wi s c.## ths icd my ims wih di qiiv is igs.@ tv is gss s.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1



Qty.MT.


` in LakhsQy.Mt.

Y dd31s Mch, 2010

` i lkhs

(d) V Ims C.I.F. bsis:

rw Mis 1407.60 1645.07

Cms & S s 0.85 –

Ci Gds 564.51 33.92

() exdi i Fig Ccy (Discsd ym bsis)

tvig 18.29 14.34

tchic Svics Fs 2.46 –

ryy 4.27 1.52

ohs 19.76 34.59

() eigs i Fig exchg:

(i) Dic exs F o B bsis 595.00 199.12

(ii) Di chgs 0.19 –

(g) Dmd exs 1030.57 5552.77

11. Fig ccy xss hdgd h cs h y.

n tsci Ccy 31st March, 2011 31s Mch, 2010

td pyb uSD 450 –

eur – 37392

td rcivb uSD 7772 –

12. Discs s accig Sdd - 7 : Csci Ccs.

` i lkhs

As on31st March, 2011

as 31s Mch, 2010

() Cc rv cgisd h y 3170.21 –

(b) F ccs i gss s 31s Mch

(i) aggg m cs icd d cgisd fs(ss cgisd sss) 3986.21 –

(ii) am dvcs civd 258.33 –

(iii) am is 215.48 –

(c) Gss m d m csms 181.12 –(d) Gss m d csms 56.11 –

13. Discs s accig Sdd - 19 : lss

as ss i oig ls :

n-ccb

th Cmy hs hid sss d -ccb ig s gms sid s. th Miimm ls pyms (Mlp) d hs ss s d :

` I lkhs

As on31st March, 2011

as 31s Mch, 2010

Mlp d h y 12.38 –

Mlp d h y b h fv ys 33.55 –



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1



14. SEGMENT INFORMATIONBuSIneSS SeGMentS ( ` i lkhs)

Particulars Power Systems Industrial Systems Total2010-2011 2009-2010 2010-2011 2009-2010 2010-2011 2009-2010

Segment Revenueex rv 47577.26 49659.87 22127.17 15854.42 69704.43 65514.29I-sgm rv – – – – – –

Total Revenue 47577.26 49659.87 22127.17 15854.42 69704.43 65514.29

Segment Result 6064.67 7648.36 2487.40 1513.22 8552.07 9161.58ucd Icm/(exs) (n) (1797.72) (2460.34)Is & Fic Chgs (896.84) (605.28)exci Ims 3380.67 –excss/(Sh) visi x isc i ys

(0.03) 33.48

pvisi txi (1885.62) (2007.09)pf txi 7352.53 4122.35Other inormation :Sgm asss 24381.79 24721.51 12557.69 9014.93 36939.48 33736.44ucd asss 15606.99 8955.84

Total assets 52546.47 42692.28Sgm libiiis 11986.97 9587.11 6903.28 4383.23 18890.25 13970.34ucd libiiis 2705.24 3053.63Total liabilities 21595.49 17023.97

Capital ExpenditureSgm Ci exdi 1576.60 581.12 189.88 175.75 1766.48 756.87ucd Ci exdi 174.18 187.77t Ci exdi 1940.66 944.64

Depreciation and Amortisation

Sgm Dcii d amisi

436.88 399.78 139.74 133.99 576.62 533.77

ucd Dcii d amisi

316.73 302.94

t Dcii d amisi 893.35 836.71

Signifcant Non Cash ExpenditureSgm Sigifc n Cshexdi

– – – – – –

ucd n Csh exdi – – – – – –t Sigifc n Cshexdi

– – – – – –

1. Sgms hv b idifd i i wih accig Sdd aS 17 h bsis dci & disibicss d gy vim.

2. Cmy hs discsd Bsiss sgms s pimy sgms.

Cmsii Bsiss Sgms :. pw Sysms

this sgm cmiss h dsig, cmmissiig d mkig w sms, epC jcs cic sbsis cmmissiig, ci d svicig sms d mkig micdcs.

b. Idsi Sysms

this sgm cmiss h dvm, mkig d mc wid g sdd dcsmizd cic ms, sychs gss mchis h v idsy d h giig dsy aC vib-sd divs d div sysms.

3. Sgm rv, rs, asss & libiiis icd sciv ms dicy ibb ch sgm &h v ms cd sb bsis.

Whi sig h sgm ss, cmm xss, cmm sss & ibiiis h x dicyidifb wih y sgm hv b gd s cb.

4. Cmy ds hv y scdy sgms sic isk & sigifcy dd gghic

cis.



a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1



15. Discs s accig Sdd - 20 : eigs p Sh

` I lkhs

For the yearended

31.03.2011

F hy dd31.03.2010

pf tx a 7352.53 4122.35

lss: exci Im B 3380.67 –

pf tx xcdig exci Im C=a-B 3971.86 4122.35

Wighd avg mb eqiy Shs D 56,51,560 56,51,560

nmi V p Sh ( ` ) e 10.00 10.00

Bsic & Did eig Sh ( ` )

– icdig xci im a/D 130.10 72.94

– xcdig xci im C/D 70.28 72.94

16. pvis Y’s fgs hv b gd whv cssy.


nikhi J. Di




Shm n. Di exciv Dic

Sjiv n. Shh Dic





a n n u a l r e p o r t 2 0 1 0 - 2 0 1 1

I Registration Details 5 0 1 7 S Cd 0 1 1

Balance Sheet Date 3 1 0 3 2 0 1 1

II Capital raised during the year (am i ` thsds)

* pbic Iss * righ Iss

n I l n I l

* Bs Iss * piv pcm

n I l n I l

III Position of Mobilisation and Deployment of Funds (am i ` thsds)

t libiiis t ass

5 2 5 4 6 4 7 5 2 5 4 6 4 7

Sources of Funds pid- Ci rsvs & Ss

5 6 5 1 6 2 7 5 6 9 6 6

Scd ls uscd ls

n I l 2 3 6 5 9 3

Application of Funds n Fixd asss Ivsm

8 5 1 5 2 8 2 2 3 8 3 8

n C asss Miscs exdi

2 0 1 9 7 3 2 n I l

accmd lsss

n I l

IV Performance of Company (am i ` thsds)

tv t exdi

6 9 7 0 4 4 3 6 5 3 1 0 2 7

+/— pf/lss B tx +/— pf/lss a tx

+ 9 2 3 8 1 8 + 7 3 5 2 5 3

eigs Sh i ` Dividd r %

1 3 0 2 5 0

V Generic Names of Two Principal Products/Services of Company (s my ms)

Im Cd n. 8 5 . 0 1

pdc Dscii e l e C t r I C M o t o r S

Im Cd n. 8 5 . 0 4

pdc Dscii e l e C t r I C t r a n S F o r M e r S

BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE

nikhi J. Di



Shm n. Di exciv Dic

Sjiv n. Shh Dic


Mumbai, 9th May, 2011



Bharat Bijlee Limited

Registered Ofce: Electric Mansion, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025

ELECTRONIC CLEARING SERVICES (ECS) MANDATE FORMAT

To

Link Intime India Pvt. Ltd.

C-13, Pannalal Silk Mills Compound,

L.B.S. Marg, Bhandup (W),

Mumbai-400 078

To,

The Depository Participant Concerned

(IN CASE OF ELECTRONIC HOLDING ONLY)

(IN CASE OF PHYSICAL HOLDING ONLY)

Dear Sir,

FORM FOR ELECTRONIC CLEARING SERVICES FOR PAYMENT OF DIVIDEND (BHARAT BIJLEE LTD.)

Please fll in the inormation in CAPITAL LETTERS in ENGLISH only. Please TICK wherever applicable.

1. For Shares held in Physical Form

Master Folio No.

2. For Shares held in Electronic Form

[Shareholders holding shares in Electronic Form should orward this orm to their respective Depository Participant].

DP ID

Client ID

3. Shareholder’s Name Shri/Smt./Kum./Ms.

4. Shareholders Address:

5. Particulars o Bank

Bank Name

Branch Name & Address

Branch Code

(9 Digits Code Number appearing on the MICR Band o the Cheque supplied by the Bank.

Please attach a xerox copy o a Cheque or a Blank Cheque o your Bank duly cancelled

or ensuring accuracy o the Bank Name, Branch Name and Code Numbers).

Account Type Savings Current Cash Credit

A/c. No. (As appearing

in the Cheque Book)

6. Date rom which the mandate should be eective:

I hereby declare that the particulars given above are correct and complete. I any transaction is delayed or not eected at

all or reasons o incomplete or incorrect inormation, I would not hold the Company/Registrars & Share Transer Agents

o the Company responsible. I also undertake to advise any change in the particulars o my account to acilitate updation

o records or purpose o credit o dividend amount through ECS.

Place:Member’s Signature




Registered Ofce: Electric Mansion, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025

ATTENDANCE SLIP

TO BE COMPLETED AND HANDED OVER AT THE ENTRANCE OF THE AUDITORIUM

I hereby record my presence at the 64th ANNUAL GENERAL MEETING o the Company held at Walchand Hirachand Hall,Indian Merchants’ Chamber Building, Veer Nariman Road, Churchgate, Mumbai 400 020, on Friday, 24th June, 2011 at

3.00 p.m.

Folio No. ....................................DP ID NO. ........................................ CLIENT ID NO. ..............................................................

Name .............................................................................................................................................................................................

Member/Proxy ...............................................................................................................................................................................

Signature .......................................................................................................................................................................................


FORM OF PROXY

Folio No. .......................... DP ID NO.........................CLIENT ID NO.................................. NO. OF SHARES ..........................

I/We ..............................................................................................................................................................................................

o ..................................................................................................................................................................................................

......................................................................................................................................................................................................

......................................................................................................................................................................................................

................................................................................................................................................ being a member/members o the

above named Company hereby appoint .....................................................................................................................................

.......................................................................................................................................................................................................

o ...................................................................................................................................................................................................

or ailing him / her ..........................................................................................................................................................................

o ...................................................................................................................................................................................................

............................................................................................................................................................................as my/our proxy

to vote or me/us on my/our behal at the 64th ANNUAL GENERAL MEETING o the Company to be held on Friday, 24thJune, 2011 at 3.00 p.m. and at any adjournment thereo.

Signed this .................................................................day o .............................................................................................2011

Afx

Revenue

Stamp

(Signature o Member)

NOTES:

(a) The orm should be signed across the stamp as per specimen signature registered with the Company.

(b) The Companies Act, 1956, lays down that the instrument appointing a proxy shall be deposited at the Registered

Ofce o the Company not less than FORTY-EIGHT HOURS beore the time fxed or holding the meeting.(c) A proxy need not be a member.



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BharatBijli_AnnualReport_2010-2011

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