CHDDEVE_OFS LTD.

Scrip Code: 526917

Ref. No.

Date: 29.09.20 16

ToThe Manager (Listing)BSE Limited.Floor 25, P.J. Towers,Dalal Street, Mumbai40000l

Subject: submission of Annual Report for tile financial year 2015-16 pursuant to regulation34(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to regulation 34(1) of SEBI (Listing Obligation and Disclosure Requirements)Regulations, 2015, we wish to submit the Annual Report of the Company for the financial year2015-16 as approved and adopted in the Annual General meeting of the Company held on 24thday of September, 2016 as per the provisions of the Companies Act, 2013.

Please take the same in your records.

Thanking You,Yours FaithMlyFor CHD Developers Limited

/ (Sachin Kumar)Company Secretary cum Compliance Officer

Cl-ID Developers Ltd.SF-i 6-17, is) Floor, Madame Shikoji Coma Rhawan, 11 Bhikaji Camo Place, New Delhi. 110066

Phone: +91 -11 -40100100, Fox: +91 J1 -40100190, Website : www.chddevelopers.comCIN: - 174899DL1990P1C041188

Respect. Resilience. Responsibility

CHD Developers

Limited

Annual Report 2015-16

BOARD OF DIRECTORSMr. Rajinder Kumar Mittal

Chairman cum Whole Time

Director (Executive)

DIN 00015146

R/o Plot No. 10-11, Nelson Mandela

Road, C-3POC, Vasant Kunj, New

Delhi-110070

Mr. Gaurav Mittal

Managing Director (Executive)

DIN- 00052968

R/o Plot No. 11, Nelson Mandela

Road, Vasant Kunj, New

Delhi-110070

Mr. Pran Nath

Director (Independent Non

Executive)

DIN-00015740

R/o C-II/2255, Vasant Kunj, New

Delhi-110070

Mr. M. S. Kapur

Director (Independent Non

Executive)

DIN- 00703815

R/o KLASSE/1/401, Eldeco Utopia,

Expressway, Noida,-201304

Mrs. Shashi Prabha Passi

Director (Independent Non

Executive)

DIN-07019095

R/o H. No. 386, Sector-14,

Vasundhara, Ghaziabad- 201012 U.P.

CHIEF FINANCIAL OFFICERMr. Sunil Kumar Jindal

COMPANY SECRETARY CUM COMPLIANCE OFFICERMr. Sachin Kumar

REGISTERED OFFICESF-16-17, 1st floor, Madame Bhikaji

Cama Bhawan, Bhikaji Cama Place,

New Delhi-110066

Ph. No: 011-40100100, Fax: 011-

40100190

Web: www.chddevelopers.

com, Email: investorservices@

chddevelopers.com

CIN L74899DL1990PLC041188

AUDITORSM/s Mohan & Mohan

Chartered Accountants,

18A, IInd Floor, North Avenue

Road, Punjabi Bagh (west), New

Delhi-110026

SUBSIDIARIES

DIRECT SUBSIDIARIES

Golden Infracon Private Limited

CHD Facility Management Private

Limited

CHD Infra Projects Private Limited

(formerly known as CHD Armaan

Realtech Private Limited)

Empire Realtech Private Limited

International Infratech Private

Limited

Delight Spirits Private Limited

CHD Blueberry Realtech Private

Limited

CHD Elite Realtech Private Limited

SUBSIDIARY OF CHD Infra Projects

Private Limited

CHD Hospitality Private Limited

PRINCIPAL BANKERS/ FINANCIAL

INSTITUTIONS

Axis Bank Ltd.

Bank of Baroda

DMI Finance Pvt. Ltd.

Reliance Home Finance Limited

Reliance Capital Limited

Kotak Mahindra Bank Ltd.

Kotak Mahindra Investment Ltd.

Capri Global Capital Ltd.

IndusInd Bank Limited

REGISTRAR & SHARETRANSFER AGENTS

Skyline Financial Services Pvt. Ltd.

D-153A, 1st Floor, Okhla Industrial

Area, Phase-I, New Delhi-110 020,

Ph: 011-26812682

CORPORATE INFORMATION

Contents

Corporate identity 03

Milestone 04

Financial Highlights 06

Chairmans message 12

Managing Directors message 15

Performance ambition 17

Our business model 18

Management Discussion analysis 20

Finance review 24

Managing risks at CHD 24

Directors report 28

Corporate Governance report 44

Standalone Financial Statements 68

Consolidated Financial Statements 95

Despite the nations real estate sector weakening in 2015-16, the message that we wish to send out to our shareholders is that CHD Developers Limited embarked on business-strengthing initiatives to build robust capabilities.

By promoting products among consumers.

By reporting a high collection efficiency.

By delivering projects in a timely manner.

By optimising the quantum of debt.

By moderating the cost of funds.

By enhancing liquidity.

We believe that these initiatives will lay the foundation of a stronger company.

Profitable across locations. Sustainable across market cycles.

CHD Developers Limited.

Reinforcing its identity as one of North Indias prominent real estate brands.

Through a distinctive focus on specific pillars.

Execution excellence.

Brand building.

Robust Balance Sheet.

Translating into business sustainability.

2 | CHD Developers Limited

Corporate snapshotCHD Developers Limited was

incorporated in 1990 by Mr R. K. Mittal.

The Company is headquartered in

New Delhi and was started with a

vision to help home buyers realise

their dream homes. The Company is a

leader when it comes to property and

innovative development. In doing so,

the Company has ushered paradigm

changes in North Indias real estate

landscape.

Projects in Vrindavan, Haridwar,

Gurgaon, Karnal and other areas of

Delhi testify to CHDs commitment

to provide world-class living spaces

to its customers. The Company

has an asset-light operating model

and follows the concept of realty

manufacturing, which does not

involve the accumulation of a land

bank.

The Company is listed on the BSE

Limited with a market capitalization of

H133.24 crore as on March 31, 2016.

OfferingsThe Companys product portfolio

comprises residential, commercial,

recreational and retail properties.

The Company derived approximately

90% of its revenues from the sale of

residential apartments. The Company

is certified with the ISO 9001-2008

accreditation.

Focus areasCHD focuses on high growth regions

like Gurgaon and Karnal.

GurgaonFour ongoing

projects across

a total saleable

area of 3.21

million square

feet (including

collaborators

share).

Karnal One integrated

township project

of which an area

of 3.69 million

square feet has

been delivered

and 1.82

million square

feet, where

development is

ongoing.

As of March 31, 2016, unsold inventory

from ongoing projects stood at a

mere 30.91% of the total saleable area

of the ongoing projects. There was

no unsold inventory from completed

projects on the Companys books.

Annual report 2015-16 | 3

Milestones

1990 2002 2006

1995 2005 2010-11

Ventured into the

real estate sector

which was then

dominated by

unorganised entities.

A DDA auction

kick-started plot

purchases, which

were thereafter

developed by

the Company

and marketed

as commercial

properties.

Extended into

the residential

segment via the

launch of Gayatrilok

(Haridwar)

comprising 412

apartments across

an area of 178,000

square feet.

Extended from

standalone projects

to a 250-acre

integrated township

in Karnal, the

first-of-its-kind in

Haryana.

Listed on the

Bombay Stock

Exchange

Launched a

residential group

housing project

Sri Krishnalok at

Vrindavan, Mathura.

Launched Avenue

71, a multistoried

residential offering,

in Gurgaon. The

project redefined

the norms of

premium group

housing in the NCR.

4 | CHD Developers Limited

2011-12 2013-14 2015-16

2012-13 2014-15

Handed over Silver

County villas at CHD City,

Karnal, ahead of schedule.

Handed over Avenue

71 for possession.

Started operations at

Daana Paani.

Handed over Lifestyle

Premiere for possession.

Acquired development

rights over 10 acres for

Sector 71 in Gurgaon.

Launched four new

projects in CHD City,

Karnal. This year saw the launch

of two projects in Gurgaon

CHD Eway Towers and

CHD Resortico.

Handed over

possession of

Lifestyle, Lifestyle

Prime, Lifestyle

Grand and Lifestyle

Floors in Karnal;

provided amenities

like a milk booth, a

grocery store, a daily

convenience store,

salon and a juice

corner at CHD City.

Launched 106 Golf

Avenue, a residential

group housing project

in Gurgaon.

Launched CHD

Vann, a residential

group housing project

at Gurgaon

Handed over

possession of Lifestyle

Floors at CHD City,

Karnal

Launched first

affordable group

housing project in

Karnal (Karnal Homes)

Annual report 2015-16 | 5

Revenue (H crore)

271

.43

20

12-1

3

33

4.8

3

20

13-1

4

249.9

9