48
THE WORD IS PREMIUM…
Radico Khaitan Limited | Corporate Statement 2012-13
In t
his
Ann
ual R
epor
t, w
e ha
ve
disc
lose
d fo
rwar
d-lo
okin
g in
form
atio
n to
ena
ble
inve
stor
s to
com
preh
end
our
pros
pect
s an
d ta
ke in
vest
men
t de
cisi
ons.
Thi
s re
port
and
oth
er
stat
emen
ts -
writ
ten
and
oral
–
that
we
perio
dica
lly m
ake
cont
ain
forw
ard-
look
ing
stat
emen
ts t
hat
set
out
antic
ipat
ed r
esul
ts b
ased
on
the
man
agem
ent’
s pl
ans
and
assu
mpt
ions
. W
e ha
ve t
ried
whe
reve
r po
ssib
le t
o id
entif
y su
ch s
tate
men
ts b
y us
ing
wor
ds s
uch
as ‘a
ntic
ipat
e’, ‘
estim
ate’
, ‘e
xpec
ts’,
‘pro
ject
s’, ‘
inte
nds’
, ‘pl
ans’
, ‘b
elie
ves’
, and
wor
ds o
f si
mila
r su
bsta
nce
in c
onne
ctio
n w
ith a
ny
disc
ussi
on o
f fu
ture
per
form
ance
.
We
cann
ot g
uara
ntee
tha
t th
ese
forw
ard-
look
ing
stat
emen
ts w
ill b
e re
alis
ed, a
lthou
gh w
e be
lieve
we
have
be
en p
rude
nt in
ass
umpt
ions
. The
ac
hiev
emen
ts o
f re
sults
are
sub
ject
to
ris
ks, u
ncer
tain
ties,
and
eve
n
inac
cura
te a
ssum
ptio
ns. S
houl
d kn
own
or u
nkno
wn
risks
or
unce
rtai
ntie
s m
ater
ialis
e, o
r sh
ould
und
erly
ing
assu
mpt
ions
pro
ve in
accu
rate
, act
ual
resu
lts c
ould
var
y m
ater
ially
fro
m
thos
e an
ticip
ated
, est
imat
ed, o
r pr
ojec
ted.
Rea
ders
sho
uld
keep
thi
s in
m
ind.
We
unde
rtak
e no
obl
igat
ion
to
publ
icly
upd
ate
any
forw
ard-
look
ing
stat
emen
ts, w
heth
er a
s a
resu
lt of
ne
w in
form
atio
n, f
utur
e ev
ents
or
othe
rwis
e.
Forw
ard-lo
oking statem
ent
CONTE
NTS
4
Hig
hlig
hts
2012
-13
6
Radi
co b
rand
s
18
CM
D’s
mes
sage
20
D
irect
ors’
rep
ort
28
M
anag
emen
t di
scus
sion
and
ana
lysi
s
34
Re
port
on
Corp
orat
e G
over
nanc
e
47
Fi
nanc
ial s
ectio
n
77
N
otic
e
BOARD
OF DIREC
TORS
:
Dr.
Lal
it Kh
aita
n
Chai
rman
& M
anag
ing
Dire
ctor
Abh
ishe
k Kh
aita
n
Man
agin
g D
irect
or
K.P.
Sin
gh
Who
le T
ime
Dire
ctor
Dr.
Rag
hupa
ti Si
ngha
nia
Karn
a Si
ngh
Meh
ta
Ash
utos
h Pa
tra
Mah
endr
a Ku
mar
Doo
gar
GRO
UP HEA
D – LEG
AL &
COMPA
NY SE
CRE
TARY
:
Am
it M
anch
anda
REGISTE
RED O
FFICE:
Bare
illy
Road
Ram
pur
– 24
4 90
1 (U
.P.).
Phon
e N
o.05
95-2
3506
01, 2
3506
02
Fax
No.
0595
-235
0009
Emai
l:Ram
pur@
radi
co.c
o.in
CORP
ORA
TE O
FFICE:
Plot
No.
J-1,
Blo
ck B
-1
Moh
an C
o-op
erat
ive
Indu
stria
l Are
a
Mat
hura
Roa
d, N
ew D
elhi
– 1
10 0
44.
Ph.:
+91
-11-
4097
5400
/444
40
9755
00/5
55
Fax.
: +91
-11-
4167
8841
/42
E-m
ail:i
nfo@
radi
co.c
o.in
WORK
S:
Ram
pur
Dis
tille
ry
Bare
illy
Road
Ram
pur
– 24
4 90
1 (U
.P.).
Plot
No.
B-24
, A-2
5,
Shre
e Kh
atus
hyam
ji
Indu
stria
l Com
plex
, RIIC
O, R
eeng
us
Dis
t. S
ikar
, Raj
asth
an.
B-3,
UPS
IDC
Indu
stria
l
Dev
elop
men
t A
rea
Phas
e –
I, Su
ltanp
ur P
atti,
Baj
pur
Dis
t. U
dham
Sin
gh N
agar
Utt
aran
chal
.
S. N
o.59
Tim
map
ur V
illag
e
Palm
akul
Pos
t -
509
325
Shad
naga
r Tq
., M
ahab
oobn
agar
Dis
t.
Hyd
erab
ad, A
ndhr
a Pr
ades
h.
44 K
M S
tone
Del
hi R
ohta
k Ro
ad
Vill
age
& P
ost
Roha
d
Baha
durg
arh,
Dis
t. J
hajja
r 1
2450
1
Har
yana
.
AUDITORS
:
M/s
. V. S
anka
r A
iyar
& C
o.
Char
tere
d A
ccou
ntan
ts
Saty
am C
inem
a Bu
ildin
g,
2nd
Floo
r, R
anjit
Nag
ar
Com
mer
cial
Com
plex
New
Del
hi –
110
008
.
INTE
RNAL AUDITORS
:
M/s
. Gra
nt T
horn
ton
21st
Flo
or, D
LF S
quar
e,
Jaca
rand
a M
arg,
DLF
Pha
se II
,
Gur
gaon
– 1
22 0
02.
COST
AUDITORS
:
Mr.
S.N
. Bal
asub
ram
ania
n
Cost
Acc
ount
ant
Flat
No:
H -
301,
Gre
en V
alle
y A
part
men
t
Plot
No.
18, S
ecto
r-22
Dw
arka
, New
Del
hi -
110
077.
BANKE
RS AND FIN
ANCIN
G
INST
ITUTIONS:
Punj
ab N
atio
nal B
ank
Stat
e Ba
nk o
f In
dia
AX
IS B
ank
Ltd.
Stat
e Ba
nk o
f M
ysor
e
ING
Vys
ya B
ank
Roya
l Ban
k of
Sco
tland
Stan
dard
Cha
rter
ed B
ank
Stat
e Ba
nk o
f Tr
avan
core
Stat
e Ba
nk o
f H
yder
abad
IDBI
Ban
k Lt
d.
ICIC
I Ban
k Lt
d.
Yes
Bank
Ltd
.
OUR WEB
SITE
:
ww
w.r
adic
okha
itan.
com
Corporate Profile
TH
E J
OU
RN
EY
SO
FA
R…
Rad
ico
Kh
ait
an
rec
og
nis
ed
th
e g
ro
win
g p
opu
lar
ity o
f w
hit
e s
pir
its
in
th
e d
ev
elo
ped
wo
rld
an
d m
ad
e a
sim
ple
extr
apo
latio
n: w
ith
ch
an
gin
g
life
style
s, w
hit
e s
pir
its
wo
uld
bec
om
e p
opu
lar
. B
ase
d o
n t
his
in
sig
ht,
th
e
co
mpan
y e
nter
ed
th
e v
od
ka s
eg
men
t i
n 2
005 w
ith
th
e l
au
nc
h o
f m
ag
ic
mo
men
ts
in t
he s
em
i-pr
em
ium
categ
or
y. F
oll
ow
ing
on
th
e s
uc
cess
of
Mag
ic M
om
en
ts,
th
e c
om
pan
y l
au
nc
hed
six
flavo
ur
s o
f M
ag
ic M
om
en
ts
vo
dk
a i
n s
ubse
qu
en
t y
ear
s. T
he f
lavo
ur
s, (
inc
lud
ing
gr
een
apple
an
d
or
an
ge), e
nr
ich
ed
th
e p
rem
ium
ness
of
th
e b
ran
d.
To
capit
ali
ze o
n t
he s
uc
cess
of
Mag
ic M
om
en
ts
an
d i
n l
ine w
ith
its
pr
em
ium
izatio
n s
tr
ateg
y, t
he C
om
pan
y l
au
nc
hed
Mo
rph
eu
s su
per
pr
em
ium
br
an
dy i
n 2
009. T
his
br
an
d i
s po
sitio
ned
at t
he h
igh
est
pr
ice
po
int i
n t
he d
om
est
ic m
ar
ket w
ith
in a
nic
he c
ateg
or
y. I
n 2
011, R
ad
ico
Kh
ait
an
lau
nc
hed
Aft
er
Dar
k p
rem
ium
wh
isk
y. I
n e
ar
ly 2
013, th
e C
om
pan
y
lau
nc
hed
Flo
ren
ce, a s
uper
pr
em
ium
br
an
dy,
an
d V
erv
e a
nd
Verv
e-
flavo
ur
ed
vo
dk
as
in t
he s
uper
pr
em
ium
categ
or
y. O
ver
th
e y
ear
s, R
ad
ico
Kh
ait
an
has
est
abli
shed
itse
lf a
s a s
uc
cess
ful
dev
elo
per
of
br
an
ds,
tr
an
sfo
rm
ing
oppo
rtu
nit
ies
into
pr
od
uc
ts
an
d
pr
od
uc
ts
into
su
stain
able
valu
e c
reato
rs.
* M
agic
Mom
ents
was
ran
ked
as t
he f
ourt
h fa
stes
t gr
owin
g
vodk
a br
and
in 2
012
and
one
of t
he t
op 3
0 vo
dkas
in t
he
wor
ld; i
t is
the
onl
y In
dian
bra
nd t
o ap
pear
in t
he t
op-3
0 lis
t.
* 8P
M w
as r
anke
d as
the
eig
ht-f
aste
st g
row
ing
whi
sky
bran
d in
201
2 an
d is
one
of
the
top-
30 w
hisk
ies
in
wor
ld.
* 8P
M w
hisk
y w
as r
anke
d 46
th b
y vo
lum
e am
ong
the
‘Mill
iona
ire’ b
rand
s gl
obal
ly, w
hile
Old
Adm
iral b
rand
y w
as
liste
d at
the
71s
t sp
ot, M
agic
Mom
ents
at
the
96th
and
Cont
essa
Rum
at
the
98th
spo
t.
(S
ourc
e: T
he M
illio
naire
s’ C
lub
2013
)
Reve
nue grow
th
Five
yea
rs le
adin
g 20
12-1
3
16.5
% C
AG
R
Marke
t ca
pitalisation
As
on 3
1st
Mar
ch 2
013
Rs.
1,7
25 c
ro
res
EBID
TA growth
Five
yea
rs le
adin
g 20
12-1
3
43.2
% C
AG
R
Milliona
ire brand
s
As
on 3
1st
Mar
ch 2
013
4
SU
PER
IOR
B
RA
ND
S.
PR
EM
IUM
O
FFER
ING
S.
Att
ract
ive
indu
stry
dyn
amic
s…
Spiri
t sa
les
in In
dia
num
bere
d 26
1 m
illio
n ca
ses
in C
Y201
2
and
is e
xpec
ted
to r
each
360
mill
ion
case
s by
CY2
017.
Dur
ing
2013
-17,
IMFL
dem
and
in In
dia
is e
xpec
ted
to g
row
at
a
CAG
R of
6.4
% in
ter
ms
of v
olum
e an
d 10
.8%
in v
alue
.
(Sou
rce:
Eur
omon
itor
Inte
rnat
iona
l 201
2)
RAD
ICO
KH
AIT
AN
LIM
ITED
2A
NN
UA
L RE
PORT
201
2-13
3
AW
AR
DS
Rad
ico
Khai
tan
rece
ived
the
Mon
de S
elec
tion’
s (In
tern
atio
nal I
nstit
ute
for
Qua
lity
Sele
ctio
n) G
rand
G
old
Aw
ard
2013
for
tw
o of
Mag
ic M
omen
ts R
emix
fla
vour
s: L
emon
Gra
ss a
nd G
inge
r &
Lem
on.
The
Com
pany
als
o re
ceiv
ed G
old
Aw
ards
for
fiv
e fla
vour
s in
the
Mag
ic M
omen
ts r
ange
, Mor
pheu
s br
andy
and
for
its
rece
ntly
-laun
ched
Ver
ve v
odka
.
The
Aft
er D
ark
prem
ium
whi
sky
rece
ived
a S
ilver
A
war
d.
NEW
LA
UN
CH
ES
The
Com
pany
laun
ched
Flo
renc
e, a
sup
er
prem
ium
bra
ndy.
The
Com
pany
laun
ched
Ver
ve, a
sup
er p
rem
ium
vo
dka,
in N
orth
Indi
a in
Oct
ober
201
2. B
uild
ing
on t
he s
ucce
ss o
f th
e br
and,
a f
lavo
ured
edi
tion
of V
erve
vod
ka w
as la
unch
ed in
Mar
ch 2
013;
the
su
cces
s of
Ver
ve v
odka
was
ack
now
ledg
ed a
t th
e M
onde
Sel
ectio
n 20
13 G
old
Aw
ard.
2008-09233.7
2009-10595.2
2010-11651.4
2011-12695.3
2012-13728.2
Net worth (Rs crore)
2008-090.64
2009-104.02
2010-115.51
2011-124.80
2012-135.82
Earnings per share (Rs)
2008-0922.81
2009-1045.15
2010-1149.14
2011-1252.39
2012-1354.79
Book value per share (Rs)
HIG
HLIG
HT
S, 2012-1
3
Net
sal
es in
crea
sed
by 1
1.9%
to
Rs. 1
,716
cro
re
Pres
tige
& A
bove
bra
nds
exhi
bite
d vo
lum
e gr
owth
of
19.2
%;
whi
le o
vera
ll vo
lum
e gr
owth
sto
od a
t 7.
4%
Pres
tige
& A
bove
bra
nds
as a
per
cent
age
of t
otal
IMFL
vol
umes
incr
ease
d fr
om 1
4.6%
to
16.2
%
EBIT
DA
incr
ease
d by
11.
6% t
o Rs
. 192
cro
re a
nd m
argi
ns w
ere
at
an a
ttra
ctiv
e 11
.2%
Net
pro
fit in
crea
sed
by 2
1.4%
to
Rs.7
7.3
cror
e
The
Com
pany
ann
ounc
ed a
div
iden
d of
40%
or
Rs. 0
.80
per
shar
e
2008-09932.7
2009-101147.0
2010-111281.1
2011-121533.2
2012-131716.3
Revenues (Rs crore)
Not
e: In
clud
es t
urno
ver
from
con
trac
t bo
ttlin
g un
its.
2008-0945.7
2009-10130.1
2010-11149.0
2011-12172.0
2012-13192.0
EBIDTA (Rs crore)
2008-096.5
2009-1041.5
2010-1172.8
2011-1263.7
2012-1377.3
Profit after tax (Rs crore)
RAD
ICO
KH
AIT
AN
LIM
ITED
4A
NN
UA
L RE
PORT
201
2-13
5
RAD
ICO
KH
AIT
AN
LIM
ITED
6A
NN
UA
L RE
PORT
201
2-13
7
RAD
ICO
KH
AIT
AN
LIM
ITED
8A
NN
UA
L RE
PORT
201
2-13
9
RAD
ICO
KH
AIT
AN
LIM
ITED
10A
NN
UA
L RE
PORT
201
2-13
11
RAD
ICO
KH
AIT
AN
LIM
ITED
12A
NN
UA
L RE
PORT
201
2-13
13
RAD
ICO
KH
AIT
AN
LIM
ITED
14A
NN
UA
L RE
PORT
201
2-13
15
RAD
ICO
KH
AIT
AN
LIM
ITED
16A
NN
UA
L RE
PORT
201
2-13
17
Dr.
Lal
it Kh
aita
n, C
hairm
an &
Man
agin
g D
irect
orA
bhis
hek
Khai
tan,
Man
agin
g D
irect
or
FY20
13 h
as b
een
an e
xciti
ng y
ear
for
Radi
co K
haita
n as
we
cont
inue
to
sele
ctiv
ely
laun
ch p
rem
ium
bra
nds
to f
urth
er s
tren
gthe
n ou
r pr
oduc
t
port
folio
. Our
laun
ch s
trat
egy
is in
line
with
cha
ngin
g co
nsum
ptio
n pa
tter
ns
as In
dian
con
sum
ers
mov
e to
war
ds
bran
ded
prod
ucts
. The
rec
ent
corp
orat
e
deve
lopm
ents
in t
he s
ecto
r ar
e ex
pect
ed
to a
lso
chan
ge t
he d
ynam
ics
of t
he
indu
stry
sig
nific
antly
. Thi
s w
ill r
esul
t in
an in
crea
sed
focu
s on
pre
miu
mis
atio
n,
whi
ch h
as a
lread
y be
en a
cor
e pa
rt
of o
ur s
trat
egy
over
the
yea
rs. W
e ar
e
ther
efor
e, w
ell a
head
of
the
curv
e an
d
optim
ally
pos
ition
ed, l
ooki
ng f
orw
ard.
At
the
star
t of
the
fin
anci
al y
ear,
build
ing
upon
our
exi
stin
g po
rtfo
lio,
Radi
co K
haita
n su
cces
sful
ly la
unch
ed
Flor
ence
, a s
uper
pre
miu
m b
rand
y
quic
kly
follo
wed
by
the
laun
ch o
f
Ver
ve, a
sup
er p
rem
ium
vod
ka. W
ith
the
cont
inui
ng s
ucce
ss o
f th
ese
bran
d
laun
ches
acr
oss
cate
gorie
s, a
fla
vour
ed
editi
on o
f V
erve
vod
ka w
as a
lso
laun
ched
.
Indi
a is
a y
oung
cou
ntry
, with
aro
und
60%
of
the
popu
latio
n be
twee
n th
e ag
e
grou
p of
15
to 5
5 ye
ars.
Fur
ther
mor
e,
grow
th in
the
mid
dle
clas
s ho
useh
olds
,
high
er d
ispo
sabl
e in
com
es, a
war
enes
s
tow
ards
life
styl
e an
d th
e pr
open
sity
tow
ards
hig
h qu
ality
pre
miu
m p
rodu
cts
are
the
key
fact
ors
that
hav
e le
d to
an
incr
easi
ng d
eman
d of
pre
miu
m li
quor
bran
ds. O
ur C
ompa
ny u
nder
stan
ds t
he
cons
umer
’s p
ulse
and
brin
gs t
o th
e
mar
ket
prod
ucts
whi
ch n
ot o
nly
mat
ch
thei
r qu
ality
exp
ecta
tions
but
als
o
bran
d as
pira
tions
. The
suc
cess
of
Mag
ic
Mom
ents
vod
ka is
a t
estim
ony
to t
he
cons
umer
acc
epta
nce
of o
ur p
rem
ium
bran
ds.
Ove
r th
e co
urse
of
the
year
, the
spi
rits
indu
stry
was
impa
cted
by
risin
g in
put
cost
s an
d th
e in
crea
se in
exc
ise
dutie
s in
seve
ral s
tate
s. T
oget
her
thes
e re
sulte
d
in s
igni
fican
t pr
essu
re o
n op
erat
ing
mar
gins
whi
ch le
d to
pric
e in
crea
ses
in c
erta
in S
outh
Indi
an s
tate
s su
ch
as K
arna
taka
and
And
hra
Prad
esh.
Look
ing
forw
ard,
the
Com
pany
is a
lso
expe
ctin
g pr
ice
incr
ease
s in
oth
er k
ey
liquo
r co
nsum
ing
stat
es. T
he c
hang
ing
indu
stry
dyn
amic
s co
uple
d w
ith t
hese
pric
e in
crea
ses
is e
xpec
ted
to im
prov
e
the
prof
itabi
lity
of t
he C
ompa
ny in
FY20
14. T
he m
anag
emen
t co
ntin
ues
to
focu
s re
lent
lenl
y on
qua
lity,
cos
t co
ntro
l
and
esta
blis
hing
an
effic
ient
sal
es a
nd
dist
ribut
ion
netw
ork.
Radi
co K
haita
n de
liver
ed 1
2% r
even
ue
grow
th a
nd 1
2% E
BITD
A g
row
th
com
pare
d to
FY2
012.
Pre
stig
e &
Abo
ve
bran
ds c
ontr
ibut
ed t
o 35
% o
f sa
les
valu
e an
d in
crea
sed
by 1
9% d
urin
g th
e
year
. Ove
rall,
vol
umes
in t
his
cate
gory
incr
ease
d fr
om 1
4.6%
of
the
Com
pany
’s
IMFL
sal
es in
FY2
012
to 1
6.2%
in
FY20
13.
In a
dditi
on t
o th
e po
sitiv
e fe
edba
ck
from
con
sum
ers
and
our
trad
e pa
rtne
rs,
I am
per
sona
lly d
elig
hted
with
the
reco
gniti
on t
hat
our
bran
ds r
ecei
ved
at
the
Mon
de S
elec
tion
2013
. We
rece
ived
the
Gra
nd G
old
Aw
ard
2013
for
tw
o
of M
agic
Mom
ents
Rem
ix f
lavo
urs:
Lem
on G
rass
& G
inge
r an
d Le
mon
. The
Com
pany
als
o re
ceiv
ed G
old
Aw
ards
for
five
flavo
urs
in t
he M
agic
Mom
ents
rang
e, M
orph
eus
bran
dy a
nd f
or t
he
rece
ntly
laun
ched
Ver
ve v
odka
. The
Aft
er D
ark
prem
ium
whi
sky
rece
ived
a Si
lver
Aw
ard.
We
wan
t to
put
on
reco
rd o
ur s
ince
re a
ppre
ciat
ion
to o
ur
cust
omer
s w
hose
con
stan
t su
ppor
t ha
s
mad
e th
is p
ossi
ble.
Radi
co K
haita
n is
wel
l-pos
ition
ed t
o
capi
talis
e on
the
se c
hang
ing
indu
stry
tren
ds. T
he m
anag
emen
t re
itera
tes
its
stro
ng c
omm
itmen
t to
war
ds c
reat
ing
long
-ter
m s
usta
inab
le v
alue
for
its
shar
ehol
ders
. We
look
for
war
d to
you
r
cont
inue
d su
ppor
t an
d en
cour
agem
ent
in t
he y
ears
to
com
e.
Perf
orm
ance
ble
nds
with
a s
pirit
of
prem
ium
ness
. Che
ers!
Dr. Lalit Kha
itan
Chai
rman
& M
anag
ing
Dire
ctor
RAD
ICO
KH
AIT
AN
LIM
ITED
18A
NN
UA
L RE
PORT
201
2-13
19
sout
h In
dian
sta
tes
such
as
Karn
atak
a an
d A
ndhr
a Pr
ades
h,
the
effe
ct o
f w
hich
will
be
fully
ref
lect
ed i
n th
e pe
rfor
man
ce
of F
Y201
4.
Futu
re S
trat
egy
and
Gro
wth
:A
ccor
ding
to
Euro
mon
itor
Inte
rnat
iona
l, th
e IM
FL d
eman
d in
Indi
a is
exp
ecte
d to
gro
w a
t a C
AG
R of
6.4
% b
etw
een
2013
-17
in t
erm
s of
vol
ume
and
at 1
0.8%
in
valu
e. T
his
grow
th i
s
expe
cted
to
be p
rimar
ily d
riven
by
risin
g di
spos
able
inc
omes
and
afflu
ence
, gr
owth
in m
iddl
e cl
ass
hous
ehol
ds,
favo
urab
le
dem
ogra
phic
s,
chan
ging
so
cial
at
titud
e to
war
ds
liquo
r
cons
umpt
ion
amon
gst
urba
n up
per
mid
dle
clas
s fa
mili
es a
nd
grad
ual
shift
tow
ards
IM
FL f
rom
cou
ntry
liq
uor.
Sin
gle
mal
t
scot
ch,
blen
ded
scot
ch a
nd v
odka
are
exp
ecte
d to
lea
d th
e
grow
th w
ith 2
013-
17 C
AG
R of
17.
7%,
15.2
% a
nd 1
1.1%
,
resp
ectiv
ely.
The
inc
reas
ing
urba
niza
tion
in I
ndia
and
you
ng
adul
ts r
each
ing
elig
ible
drin
king
age
will
be
the
prim
ary
driv
ers
for
the
grow
th in
the
se c
ateg
orie
s.
The
rece
nt c
orpo
rate
dev
elop
men
ts in
the
sec
tor
are
expe
cted
to c
hang
e th
e in
dust
ry d
ynam
ics
sign
ifica
ntly
, re
sulti
ng i
n a
furt
her
incr
ease
in p
rem
ium
izat
ion.
The
incr
easi
ng p
rese
nce
of
MN
Cs in
Indi
a w
ill e
nsur
e gr
eate
r tr
ansp
aren
cy a
nd o
pera
tiona
l
effic
ienc
y. T
his
will
als
o ch
ange
the
com
petit
ive
land
scap
e.
Your
Com
pany
is o
ptim
ally
pla
ced
to c
apita
lize
on t
he a
risin
g
oppo
rtun
ities
su
ppor
ted
by
its
stro
ng
dist
ribut
ion
netw
ork
and
its c
ontin
ued
focu
s on
pre
miu
miz
atio
m s
trat
egy.
You
r
Com
pany
’s
long
stan
ding
an
d su
cces
sful
pr
emiu
miz
atio
n
stra
tegy
will
impr
ove
the
Com
pany
’s re
venu
e an
d pr
ofita
bilit
y in
the
near
ter
m. T
he C
ompa
ny is
prim
arily
foc
used
on
incr
easi
ng
volu
mes
of p
rem
ium
bra
nds,
pric
e in
crea
ses
acro
ss k
ey m
arke
ts,
pene
trat
ion
in
sout
h In
dian
m
arke
ts
and
impr
ovem
ent
in
oper
atio
nal e
ffic
ienc
ies.
Expo
rts
and
Inte
rnat
iona
l Bus
ines
s:Th
e Co
mpa
ny h
as a
str
ong
expo
rt b
ase
in m
ore
than
30
coun
trie
s. O
vera
ll ex
port
vol
umes
in F
Y201
3 w
ere
in li
ne w
ith
FY20
12.
Radi
co K
haita
n is
foc
used
on
enha
ncin
g its
bas
e in
new
er g
eogr
aphi
es s
uch
as t
he U
S, U
K an
d Ca
nada
with
mor
e
prem
ium
pr
oduc
ts.
The
Com
pany
’s
inve
stm
ents
in
br
and
build
ing
over
the
pas
t co
uple
of
year
s ha
ve r
esul
ted
in a
larg
e
cons
umer
bas
e ou
tsid
e In
dia.
Goi
ng f
orw
ard
the
Com
pany
expe
cts
to i
ncre
ase
prof
itabi
lity
in e
xpor
ts b
usin
ess
thro
ugh
focu
s on
pre
miu
m b
rand
s an
d ne
wer
geo
grap
hies
.
Aw
ards
and
Rec
ogni
tion:
Radi
co c
ontin
ued
to w
in a
num
ber
of a
war
ds a
t th
e M
onde
Sele
ctio
n (In
tern
atio
nal
Inst
itute
for
Qua
lity
Sele
ctio
n).
This
is
a te
stim
ony
to t
he C
ompa
ny’s
con
tinue
d fo
cus
on q
ualit
y an
d
cust
omer
sat
isfa
ctio
n. M
onde
Sel
ectio
n (In
tern
atio
nal I
nstit
ute
for
Qua
lity
Sele
ctio
n) 2
013
incl
ude:
Mag
ic M
omen
ts R
emix
Lem
on G
rass
& G
inge
r an
d Le
mon
flavo
ured
vod
ka: G
rand
Gol
d A
war
d
Mag
ic M
omen
ts v
odka
(5 f
lavo
urs)
: Gol
d A
war
ds
Mor
pheu
s br
andy
: Gol
d A
war
d
Ver
ve v
odka
: Gol
d A
war
d
Aft
er D
ark
whi
sky:
Silv
er A
war
d
Empl
oyee
Sto
ck O
ptio
n Sc
hem
e:
Radi
co K
haita
n vi
ews
the
gran
t of
em
ploy
ee s
tock
opt
ions
as
a
mec
hani
sm t
o pr
ovid
e th
e em
ploy
ees
with
an
oppo
rtun
ity t
o
shar
e in
the
grow
th o
f the
Com
pany
and
to re
info
rce
long
term
com
mitm
ent.
In
this
con
text
, th
e Co
mpa
ny i
mpl
emen
ted
the
Empl
oyee
s ES
OP
Sche
me
in 2
006.
The
part
icul
ars
of t
he o
ptio
ns a
s re
quire
d by
SEB
I (e
mpl
oyee
stoc
k op
tion
sche
me
and
empl
oyee
pu
rcha
se
sche
me)
guid
elin
es, 1
999
are
appe
nded
as
Ann
exur
e ‘A
’ and
form
s pa
rt
of t
his
repo
rt.
Div
iden
d:Yo
ur D
irect
ors
are
plea
sed
to re
com
men
d a
divi
dend
of R
s. 0
.80
per
equi
ty s
hare
or
40%
on
face
val
ue o
f Rs
. 2.
00 e
ach
for
the
year
end
ed M
arch
31,
201
3. T
he t
otal
div
iden
d pa
yout
for
the
finan
cial
yea
r w
ill b
e Rs
.12.
44 C
rore
s in
clud
ing
a di
vide
nd
Your
Dire
ctor
s ar
e pl
ease
d to
pre
sent
the
ir 29
th A
nnua
l Rep
ort
toge
ther
with
the
aud
ited
stat
emen
t of
acc
ount
s of
the
Com
pany
for
the
year
end
ed 3
1st
Mar
ch, 2
013.
Fina
ncia
l Res
ults
:
Ope
ratio
ns R
evie
w:
Your
Com
pany
con
tinue
s to
rem
ain
focu
sed
on e
nhan
cing
its
prem
ium
por
tfol
io.
This
is
evid
ent
from
the
per
form
ance
of
Pres
tige
& A
bove
cat
egor
y br
ands
whi
ch r
egis
tere
d a
stro
ng
grow
th o
f 19
.2%
y-o
-y i
n FY
2013
. Fu
rthe
rmor
e, P
rest
ige
&
Abo
ve c
ateg
ory
bran
ds a
s a
perc
enta
ge o
f to
tal
IMFL
sal
es
incr
ease
d fr
om 1
4.6%
in F
Y201
2 to
16.
2% in
FY2
013.
Pre
stig
e
& A
bove
bra
nds
sale
s re
venu
e ac
coun
ted
for
35%
of t
otal
IMFL
sale
s in
FY2
013
com
pare
d to
31%
in F
Y201
2. D
urin
g th
e ye
ar,
Radi
co K
haita
n la
unch
ed F
lore
nce,
a s
uper
pre
miu
m b
rand
y
and
Ver
ve,
supe
r pr
emiu
m v
odka
. Bu
ildin
g on
the
con
tinui
ng
succ
ess
of t
hese
bra
nd la
unch
es a
cros
s ca
tego
ries,
a f
lavo
ured
editi
on o
f Ver
ve v
odka
was
laun
ched
in M
arch
201
3. T
he n
ewly
intr
oduc
ed b
rand
s in
the
prem
ium
cat
egor
ies
such
as
Aft
er D
ark
whi
sky,
Flo
renc
e br
andy
, M
orph
eus
bran
dy a
nd V
erve
vod
ka
cont
inue
to
gain
pos
itive
tra
ctio
n w
ith c
onsu
mer
s an
d ar
e in
line
with
man
agem
ent’
s ex
pect
atio
ns.
In F
Y201
3, t
he in
dust
ry
face
d ris
ing
of s
tate
leve
l exc
ise
dutie
s an
d su
stai
ned
infla
tion
in
inpu
t cos
ts re
sulti
ng in
mar
gin
pres
sure
. Dur
ing
the
seco
nd h
alf
of t
he y
ear,
you
r Co
mpa
ny r
ecei
ved
pric
e in
crea
ses
in c
erta
in
(Rs.
in m
illio
n)
Particu
lars
2012
-13
2011
-12
Sale
s (in
clud
ing
sale
s fr
om a
rran
gem
ents
with
oth
er D
istil
lerie
s / B
ottli
ng u
nits
)37
,684
.17
30,1
07.1
9
Gro
ss P
rofit
(bef
ore
depr
ecia
tion
and
tax)
1,44
5.94
1,32
2.98
Prof
it be
fore
tax
1,09
2.82
994.
59
Prof
it af
ter
tax
772.
8263
6.60
Prio
r pe
riod
adju
stm
ents
0.00
0.00
Surp
lus
brou
ght
forw
ard
from
last
yea
r74
9.68
536.
47
Prof
it av
aila
ble
for
appr
opria
tion
1,52
2.50
1,17
3.07
Tran
sfer
to
Gen
eral
Res
erve
500.
0030
0.00
Prop
osed
Div
iden
d an
d ta
x th
ereo
n12
4.40
123.
39
Bala
nce
carr
ied
forw
ard
898.
11
749.
68
DIR
EC
TO
RS’
R
EPO
RT
AN
NU
AL
REPO
RT 2
012-
1321
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
RAD
ICO
KH
AIT
AN
LIM
ITED
20
prog
ram
mes
for
all
leve
ls o
f em
ploy
ees
rega
rdin
g re
sour
ce
cons
erva
tion,
hou
seke
epin
g, G
reen
Bel
t de
velo
pmen
t, o
nsite
emer
genc
y pl
an e
tc. h
ave
been
tak
en.
Corp
orat
e So
cial
Res
pons
ibili
ties
(CSR
s):
At
Radi
co
Khai
tan,
Co
rpor
ate
Soci
al
Resp
onsi
bilit
y (C
SR)
enco
mpa
sses
muc
h m
ore
than
soc
ial o
utre
ach
prog
ram
s an
d is
an in
tegr
al p
art
of t
he w
ay t
he C
ompa
ny c
ondu
cts
its b
usin
ess.
Your
Com
pany
und
erst
ands
its
res
pons
ibili
ty a
s a
corp
orat
e
citiz
en t
owar
ds t
he c
omm
unity
at
larg
e an
d ha
s ta
ken
serie
s
of
corp
orat
e so
cial
ac
tiviti
es.
The
activ
ities
lik
e or
gani
zing
of t
wel
ve e
ye c
amps
, ov
eral
l m
anag
emen
t of
tw
o pr
imar
y
scho
ols,
dis
trib
utio
ns o
f bl
anke
ts a
nd w
oolle
n cl
othe
s to
the
need
y, m
aint
enan
ce o
f vi
llage
roa
ds a
nd t
ree
plan
tatio
ns w
ere
unde
rtak
en in
the
fin
anci
al y
ear
2012
-13.
Your
Com
pany
is a
lway
s w
illin
g an
d co
mm
itted
to
give
bac
k to
the
soci
ety
thro
ugh
all m
easu
res
poss
ible
.
Dire
ctor
s’ R
espo
nsib
ility
Sta
tem
ent:
In t
erm
s of
pro
visi
ons
of S
ectio
n 21
7 (2
AA
) of
the
Com
pani
es
Act
, 195
6, y
our
Dire
ctor
s co
nfirm
tha
t:
i) A
ccou
ntin
g st
anda
rds
have
be
en
follo
wed
, al
ong
with
prop
er e
xpla
natio
n re
latin
g to
mat
eria
l dep
artu
res,
whe
reve
r
appl
icab
le.
ii)
The
Dire
ctor
s ha
ve s
elec
ted
such
acc
ount
ing
polic
ies
and
appl
ied
them
co
nsis
tent
ly
and
mad
e ju
dgem
ents
an
d
estim
ates
tha
t ar
e re
ason
able
and
pru
dent
so
as t
o gi
ve a
true
and
fai
r vi
ew o
f th
e st
ate
of a
ffai
rs o
f th
e Co
mpa
ny, a
s
at t
he e
nd o
f th
e ac
coun
ting
year
and
of
the
prof
it of
the
Com
pany
for
tha
t pe
riod.
iii)
The
Dire
ctor
s ha
ve t
aken
pro
per
and
suff
icie
nt c
are
for
the
mai
nten
ance
of a
dequ
ate
acco
untin
g re
cord
s in
acc
orda
nce
with
the
prov
isio
ns o
f thi
s A
ct fo
r saf
egua
rdin
g th
e as
sets
of
the
Com
pany
and
for
pre
vent
ing
and
dete
ctin
g fr
aud
and
othe
r irr
egul
ariti
es.
iv)
The
Dire
ctor
s ha
ve p
repa
red
the
annu
al a
ccou
nts
on a
goin
g co
ncer
n ba
sis.
Part
icul
ars
of E
mpl
oyee
s:In
acc
orda
nce
with
the
pro
visi
ons
of S
ectio
n 21
7 (2
A),
read
with
the
Com
pani
es (
Part
icul
ars
of E
mpl
oyee
s) R
ules
, 19
75,
as
amen
ded
the
nam
es a
nd o
ther
par
ticul
ars
of e
mpl
oyee
s ar
e to
be s
et o
ut i
n th
e D
irect
ors’
Rep
ort,
as
an a
dden
dum
the
reto
.
How
ever
, as
per
the
prov
isio
ns o
f Se
ctio
n 21
9 (1
) (b)
(iv)
of
the
Com
pani
es A
ct,
1956
, th
e Re
port
and
acc
ount
s, a
s th
erei
n se
t
out,
are
bei
ng s
ent
to a
ll m
embe
rs o
f th
e Co
mpa
ny e
xclu
ding
the
afor
esai
d in
form
atio
n ab
out
the
empl
oyee
s. A
ny m
embe
r,
who
is in
tere
sted
in o
btai
ning
such
par
ticul
ars a
bout
em
ploy
ees,
may
writ
e to
the
Com
pany
Sec
reta
ry a
t th
e Re
gist
ered
Off
ice
of
the
Com
pany
.
Ener
gy
Cons
erva
tion,
Te
chno
logy
A
bsor
ptio
n an
d Fo
reig
n Ex
chan
ge E
arni
ngs
and
Out
go:
As
requ
ired
by t
he C
ompa
nies
(D
iscl
osur
e of
Par
ticul
ars
in
the
Repo
rt o
f Bo
ard
of D
irect
ors)
Rul
es 1
988,
the
rel
evan
t
info
rmat
ion
and
data
is g
iven
at
“Ann
exur
e” -
B.
Man
agem
ent
Dis
cuss
ion
and
Ana
lysi
s:M
anag
emen
t Dis
cuss
ion
and
Ana
lysi
s Re
port
, as
requ
ired
unde
r
the
List
ing
Agr
eem
ent
with
the
Sto
ck E
xcha
nges
enc
lose
d an
d
form
s pa
rt o
f th
is r
epor
t.
Corp
orat
e G
over
nanc
e Re
port
for
201
2-13
: Re
port
on
Corp
orat
e G
over
nanc
e al
ong
with
the
cer
tific
ate
of s
tatu
tory
Aud
itors
, M
/s.
V.
Sank
ar A
iyar
& C
o.,
conf
irmin
g
com
plia
nce
of
cond
ition
s of
Co
rpor
ate
Gov
erna
nce,
as
stip
ulat
ed u
nder
Cla
use
49 o
f the
Lis
ting
Agr
eem
ent,
form
s pa
rt
of t
he A
nnua
l Rep
ort.
Ack
now
ledg
emen
ts:
Your
Dire
ctor
s w
ould
like
to
expr
ess
thei
r si
ncer
e ap
prec
iatio
n
to th
e in
vest
ors
and
bank
ers
for t
heir
cont
inue
d su
ppor
t dur
ing
the
year
. Yo
ur D
irect
ors
exte
nd t
heir
sinc
ere
grat
itude
to
all
the
Regu
lato
ry A
utho
ritie
s su
ch a
s SE
BI,
Stoc
k Ex
chan
ges
and
othe
r Ce
ntra
l &
Sta
te G
over
nmen
t au
thor
ities
and
age
ncie
s,
Regi
stra
rs f
or t
heir
guid
ance
and
sup
port
. You
r D
irect
ors
plac
e
on r
ecor
d th
eir
deep
app
reci
atio
n to
em
ploy
ees
at a
ll le
vels
for
thei
r ef
fort
s, d
edic
atio
n an
d co
mm
itmen
t. T
heir
enth
usia
sm
and
hard
wor
k ha
s en
able
d th
e Co
mpa
ny to
be
at th
e fo
refr
ont
of t
he in
dust
ry.
We
also
tak
e th
is o
ppor
tuni
ty t
o th
ank
all o
ur
valu
ed c
usto
mer
s w
ho h
ave
appr
ecia
ted
our
prod
ucts
.
Fo
r &
on
beha
lf of
the
Boa
rd
Sd
/-
Plac
e: N
ew D
elhi
Dr. Lalit Kha
itan
Dat
e: 5
th A
ugus
t 20
13
Chai
rman
& M
anag
ing
Dire
ctor
dist
ribut
ion
tax
of R
s.1.
81 C
rore
s. T
his
cons
iste
nt d
ivid
end
payo
ut is
to
dem
onst
rate
our
com
mitm
ent
to e
nhan
cing
val
ue
to o
ur s
hare
hold
ers.
The
div
iden
d is
sub
ject
to
appr
oval
of
shar
ehol
ders
at t
he A
nnua
l Gen
eral
Mee
ting
on 3
0th
Sept
embe
r
2013
and
will
be
paid
to th
e sh
areh
olde
rs w
hose
nam
es a
ppea
r
in t
he R
egis
ter
of M
embe
rs a
s on
the
dat
e of
boo
k cl
osur
e, i.
e.
24th
Sep
tem
ber
2013
.
Dem
ater
ialis
atio
n:
Aro
und
97.7
6% o
f th
e sh
ares
of
the
Com
pany
hav
e no
w b
een
dem
ater
ializ
ed.
Your
Dire
ctor
s w
ould
req
uest
all
the
mem
bers
who
hav
e no
t ye
t co
nver
ted
thei
r ho
ldin
gs in
to d
emat
eria
lized
form
, to
do
so t
here
by f
acili
tatin
g tr
adin
g of
the
ir sh
ares
. A
s
per
SEBI
gui
delin
es i
t is
now
man
dato
ry t
hat
the
shar
es o
f a
com
pany
are
in d
emat
eria
lized
for
m f
or t
radi
ng.
Publ
ic D
epos
its:
Dur
ing
the
year
und
er re
view
, you
r Com
pany
has
nei
ther
invi
ted
nor
acce
pted
any
fix
ed d
epos
its f
rom
the
pub
lic.
Subs
idia
ry C
ompa
nies
:D
urin
g th
e ye
ar u
nder
rev
iew
, th
e Co
mpa
ny i
ncor
pora
ted
a
Com
pany
in M
aurit
ius
with
the
inte
ntio
n to
mak
e it
a su
bsid
iary
for
inve
stm
ent
in A
ngol
a.
How
ever
, du
e to
som
e ch
ange
s in
loca
l lev
el a
t A
ngol
a, t
he s
hare
s w
ere
not
subs
crib
ed.
Tran
sfer
to
In
vest
or
Educ
atio
n &
Pr
otec
tion
Fund
:Pu
rsua
nt t
o Se
ctio
n 20
5A o
f th
e Co
mpa
nies
Act
, 19
56,
as
amen
ded
by th
e Co
mpa
nies
(Am
endm
ent)
Act
, 199
9, u
ncla
imed
divi
dend
for t
he fi
nanc
ial y
ear e
nded
31s
t Dec
embe
r 199
6, 3
1st
Dec
embe
r 19
97,
31st
Dec
embe
r 19
98,
31st
Dec
embe
r 19
99,
31st
Dec
embe
r 20
00,
31st
Mar
ch 2
002,
31s
t M
arch
200
3,
31st
Mar
ch 2
004
and
31st
Mar
ch 2
005
have
bee
n tr
ansf
erre
d
to t
he In
vest
ors
Educ
atio
n an
d Pr
otec
tion
Fund
est
ablis
hed
by
Cent
ral G
over
nmen
t un
der
Sub
Sect
ion
(1)
of S
ectio
n 20
5 (C
)
durin
g A
ugus
t 20
04,
July
200
5, A
ugus
t 20
06,
July
200
7, J
uly
2008
, Jul
y 20
09, A
ugus
t 201
0, A
ugus
t 201
1 an
d A
ugus
t 201
2,
resp
ectiv
ely.
Fur
ther
, un
clai
med
div
iden
d fo
r th
e fin
anci
al y
ear
ende
d 31
.3.2
006
will
be
tran
sfer
red
to th
e sa
id fu
nd w
ithin
the
stip
ulat
ed t
ime
as p
resc
ribed
in t
he C
ompa
nies
Act
, 195
6 re
ad
with
rul
es m
ade
ther
eund
er.
Dire
ctor
s:
Mr.
Ash
utos
h Pa
tra
and
Mr.
K.P
. Si
ngh
shal
l ret
ire b
y ro
tatio
n
at t
he f
orth
com
ing
Ann
ual
Gen
eral
Mee
ting
of t
he C
ompa
ny
and
bein
g el
igib
le,
offe
r th
emse
lves
for
rea
ppoi
ntm
ent.
Br
ief
prof
iles
of
the
prop
osed
ap
poin
tees
to
geth
er
with
ot
her
disc
losu
res
in t
erm
s of
Cla
use
49 o
f th
e Li
stin
g ag
reem
ent
are
part
of
the
Corp
orat
e G
over
nanc
e Re
port
.
Dr.
La
lit
Khai
tan,
Ch
airm
an
&
Man
agin
g D
irect
or,
who
se
term
end
ed o
n 19
.2.2
013
was
rea
ppoi
nted
as
a Ch
airm
an &
Man
agin
g D
irect
or f
or a
ter
m o
f 5
(fiv
e) y
ears
with
eff
ect
from
20.2
.201
3. T
he s
hare
hold
ers’
app
rova
l is
soug
ht in
the
ensu
ing
Ann
ual G
ener
al M
eetin
g fo
r th
e af
ores
aid
reap
poin
tmen
t.
Mr.
Abh
ishe
k Kh
aita
n, M
anag
ing
Dire
ctor
, w
hose
ter
m e
nded
on
19.2
.201
3 w
as
reap
poin
ted
as
a M
anag
ing
Dire
ctor
for
a te
rm o
f 5
(fiv
e) y
ears
with
eff
ect
from
20.
2.20
13.
The
shar
ehol
ders
’ app
rova
l is
soug
ht in
the
ensu
ing
Ann
ual G
ener
al
Mee
ting
for
the
afor
esai
d re
appo
intm
ent.
Mr.
K.P
. Si
ngh,
Who
le T
ime
Dire
ctor
, w
hose
ter
m e
nded
on
19.2
.201
3 w
as re
appo
inte
d as
a W
hole
Tim
e D
irect
or fo
r a te
rm
of 5
(fiv
e) y
ears
with
eff
ect
from
20.
2.20
13,
liabl
e to
ret
ire b
y
rota
tion.
Th
e sh
areh
olde
rs’
appr
oval
is s
ough
t in
the
ens
uing
Ann
ual G
ener
al M
eetin
g fo
r th
e af
ores
aid
reap
poin
tmen
t.
Aud
itors
: M
/s. V
. San
kar A
iyar
& C
o., C
hart
ered
Acc
ount
ants
, the
aud
itors
of y
our
Com
pany
, re
tire
at t
he c
oncl
usio
n of
the
ens
uing
Ann
ual
Gen
eral
Mee
ting
and
bein
g el
igib
le,
offe
r th
emse
lves
for
re-a
ppoi
ntm
ent.
Aud
it Re
port
for
the
Yea
r En
ded
2012
-13:
The
obse
rvat
ions
m
ade
in
the
Aud
itors
Re
port
ar
e se
lf
expl
anat
ory
and
ther
efor
e do
not
cal
l for
any
furt
her c
omm
ents
unde
r Se
ctio
n 21
7 (3
) of
the
Com
pani
es A
ct, 1
956.
Cost
Aud
itor:
D
urin
g th
e ye
ar u
nder
rev
iew
, yo
ur D
irect
ors
had
with
the
appr
oval
of
th
e ce
ntra
l go
vern
men
t,
appo
inte
d M
r.
S.N
.
Bala
subr
aman
ian,
cos
t au
dito
r, t
o ca
rry
out
the
cost
aud
it in
resp
ect o
f the
dis
tille
ry u
nits
of t
he C
ompa
ny fo
r the
yea
r 201
2-
2013
. The
cos
t aud
it fo
r the
yea
r 201
2-20
13 s
hall
be c
ompl
eted
with
in s
tipul
ated
tim
e as
pre
scrib
ed i
n th
e Co
mpa
nies
Act
,
1956
rea
d w
ith C
ost
Aud
it (R
epor
t) R
ules
, 201
1.
Envi
ronm
enta
l Pr
otec
tion
Mea
sure
s Ta
ken
by
the
Com
pany
:In
vi
ew
of
the
Corp
orat
e Re
spon
sibi
lity
on
Envi
ronm
enta
l
Prot
ectio
n co
mpa
ny
has
adop
ted
num
ber
of
mea
sure
s to
impr
ove
in
the
field
s of
en
viro
nmen
t,
safe
ty
and
heal
th.
Mea
sure
s lik
e st
anda
rd
oper
atin
g pr
oced
ures
, tr
aini
ng
RAD
ICO
KH
AIT
AN
LIM
ITED
22A
NN
UA
L RE
PORT
201
2-13
23
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
(ii
i) Id
entif
ied
empl
oyee
s w
ho w
ere
gran
ted
optio
n, d
urin
g an
y on
e ye
ar, e
qual
or e
xcee
ding
1%
of t
he is
sued
cap
ital (
excl
udin
g ou
tsta
ndin
g w
arra
nts
and
conv
ersi
ons)
of
the
Com
pany
at
the
time
of g
rant
Nam
e No. of op
tion
s gran
ted
No
optio
ns h
ave
been
gra
nted
dur
ing
the
curr
ent
year
AN
NEX
UR
E -
A
Dis
clos
ure
as r
equi
red
unde
r SE
BI (
Empl
oyee
Sto
ck O
ptio
n Sc
hem
e an
d Em
ploy
ee S
tock
Pur
chas
e Sc
hem
e) G
uide
lines
, 199
9 as
on
Mar
ch 3
1, 2
013
B. Employe
e-wise details of op
tion
s gran
ted to:
(i)
Se
nior
man
ager
ial p
erso
nnel
Nam
e No. of op
tion
s gran
ted
No
optio
ns h
ave
been
gra
nted
dur
ing
the
curr
ent
year
(ii
) Em
ploy
ees
who
wer
e gr
ante
d, d
urin
g an
y on
e ye
ar, o
ptio
ns a
mou
ntin
g to
5%
or
mor
e of
the
opt
ions
gra
nted
dur
ing
the
year Nam
e No. of op
tion
s gran
ted
No
optio
ns h
ave
been
gra
nted
dur
ing
the
curr
ent
year
C.
Dilu
ted
Earn
ings
Per
Sha
re p
ursu
ant
to is
sue
of s
hare
s on
exe
rcis
e of
opt
ions
cal
cula
ted
in a
ccor
danc
e w
ith A
ccou
ntin
g St
anda
rd (A
S) 2
0
5.82
D.
The
impa
ct o
n th
e pr
ofits
and
EPS
of
the
fair
valu
e m
etho
d is
giv
en in
the
tab
le b
elow
-
Rs.
Prof
it as
rep
orte
d77
2,82
1,12
2
Add
- In
trin
sic
Val
ue C
ost
996,
304
Less
- F
air
Val
ue C
ost
5,79
4,42
7
Prof
it as
adj
uste
d76
8,02
2,99
9
Earn
ing
per
shar
e (B
asic
) as
repo
rted
5.82
Earn
ing
per
shar
e (B
asic
) adj
uste
d5.
79
Earn
ing
per
shar
e (D
ilute
d) a
s re
port
ed5.
82
Earn
ing
per
shar
e (D
ilute
d) a
djus
ted
5.78
E.W
eigh
ted
aver
age
exer
cise
pric
e of
Opt
ions
who
se
(a)
(b)
(c)
Exer
cise
pric
e eq
uals
mar
ket
pric
e
Exer
cise
pric
e is
gre
ater
tha
n m
arke
t pr
ice
Exer
cise
pric
e is
less
tha
n m
arke
t pr
ice
No
optio
ns h
ave
been
gra
nted
dur
ing
the
curr
ent
year
Wei
ghte
d av
erag
e fa
ir va
lue
of o
ptio
ns w
hose
(a)
(b)
(c)
Exer
cise
pric
e eq
uals
mar
ket
pric
e
Exer
cise
pric
e is
gre
ater
tha
n m
arke
t pr
ice
Exer
cise
pric
e is
less
tha
n m
arke
t pr
ice
No
optio
ns h
ave
been
gra
nted
dur
ing
the
curr
ent
year
F.M
etho
d an
d A
ssum
ptio
ns u
sed
to e
stim
ate
the
fair
valu
e of
opt
ions
gr
ante
d du
ring
the
year
:N
o op
tions
hav
e be
en g
rant
ed d
urin
g th
e cu
rren
t ye
ar
A.
Particulars
ESOP Sc
heme
1N
umbe
r of
opt
ions
gra
nted
3,65
0,00
0
2Th
e Pr
icin
g Fo
rmul
aFi
rst
Gra
nt –
(for
cur
rent
elig
ible
em
ploy
ees)
who
wou
ld h
ave
com
plet
ed
at le
ast o
ne y
ear o
f ser
vice
as
on th
e da
te o
f the
gra
nt –
Per
Opt
ion
– 30
%
disc
ount
to
the
low
er o
f -
(a)
late
st a
vaila
ble
clos
ing
pric
e, p
rior
to t
he d
ate
of t
he m
eetin
g of
the
Co
mpe
nsat
ion
Com
mitt
ee in
whi
ch o
ptio
ns a
re g
rant
ed, o
n th
e St
ock
Exch
ange
on
whi
ch t
he s
hare
s of
the
Com
pany
are
lis
ted
and
on
whi
ch t
here
is h
ighe
st t
radi
ng v
olum
e on
the
sai
d da
te.
(b)
aver
age
of t
he w
eekl
y hi
gh a
nd l
ow p
rices
of
the
equi
ty s
hare
s of
th
e Co
mpa
ny d
urin
g 2
wee
ks p
rece
ding
the
dat
e of
gra
nt o
f op
tion
on t
he S
tock
Exc
hang
es o
f w
hich
the
sha
res
are
liste
d an
d on
whi
ch
ther
e is
hig
hest
tra
ding
vol
ume
on t
he s
aid
date
.
Subs
eque
nt G
rant
s –
(for
fut
ure
/ ne
w e
ligib
le e
mpl
oyee
s)
Per
optio
n –
15%
dis
coun
t to
the
late
st a
vaila
ble
clos
ing
pric
e, p
rior t
o th
e da
te o
f the
m
eetin
g of
the
Com
pens
atio
n Co
mm
ittee
in w
hich
opt
ions
are
gra
nted
, on
the
Sto
ck E
xcha
nge
on w
hich
the
sha
res
of t
he C
ompa
ny a
re li
sted
an
d on
whi
ch t
here
is h
ighe
st t
radi
ng v
olum
e on
the
sai
d da
te.
3N
umbe
r of
opt
ions
ves
ted
427,
823
4N
umbe
r of
opt
ions
exe
rcis
ed1,
765,
164
5To
tal n
umbe
r of
sha
res
aris
ing
as a
res
ult
of e
xerc
ise
of o
ptio
ns1,
765,
164
6N
umbe
r of
opt
ions
laps
ed1,
464,
513
7V
aria
tion
in t
he t
erm
s of
opt
ions
Not
App
licab
le
8M
oney
rea
lised
by
exer
cise
of
optio
ns (R
s.)
141,
573,
724
9To
tal N
umbe
r of
Opt
ions
in f
orce
42
0,32
3
RAD
ICO
KH
AIT
AN
LIM
ITED
24A
NN
UA
L RE
PORT
201
2-13
25
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
B. T
echn
olog
y ab
sorp
tion
:
Proc
ess Im
prove
men
ts:
1.
In
stal
led
ener
gy e
ffic
ient
new
Was
h To
EN
A (
Mol
asse
s
Spiri
t)
plan
t of
130
KLP
D w
ith i
nteg
rate
d ev
apor
ator
s
in o
rder
to re
duce
vol
ume
of e
fflu
ent g
ener
atio
n as
wel
l
as s
avin
g en
ergy
by
inte
grat
ing
the
evap
orat
ors
with
dist
illat
ion
plan
t. (T
o be
com
mis
sion
ed in
Jul
y 20
13)
2.
In
stal
led
Inte
grat
ed e
vapo
rato
rs i
n ou
r ex
istin
g G
rain
Spiri
t pl
ant
to a
chie
ve z
ero
disc
harg
e of
eff
luen
t .
( To
be c
omm
issi
oned
in A
ugus
t 20
13)
3.
In
crea
se i
n t
he a
lcoh
ol %
fro
m 1
2.0%
to
13.0
%
in
grai
n sp
irit
fe
rmen
tatio
n by
im
prov
ing
the
proc
ess
para
met
ers
in
the
lique
fact
ion
&
sacc
harif
icat
ion
proc
ess
rega
rdin
g D
S &
Sta
rch
% &
mai
ntai
ning
hig
hest
stan
dard
s of
hyg
ieni
c co
nditi
on a
t fe
rmen
tatio
n ho
use.
4.
Re
duce
d im
pure
cut
% f
rom
1.0
0% t
o 0.
90%
in g
rain
spiri
t pl
ant,
sav
ing
appr
ox. 1
0.00
lac
rupe
es.
5.
Re
duce
d st
eam
co
nsum
ptio
n fr
om
3.80
kg
/BL
to
3.75
kg
/BL
in
grai
n sp
irit
proc
ess
by
usin
g ne
w
impr
oved
enz
yme
thro
ugh
low
tem
pera
ture
coo
king
in
lique
fact
ion
proc
ess.
Ste
am s
avin
g ap
prox
. 30.
00 la
c fo
r
the
year
201
2-13
.
6.
Re
duce
d po
wer
con
sum
ptio
n fr
om 0
.32
kwh/
BL to
0.3
1
kWh
/ BL
in g
rain
pro
cess
. Tot
al s
avin
g ap
prox
. 40
lac
for
the
year
201
2-13
.
7.
Sa
ving
of
stea
m &
wat
er t
hrou
gh r
ecyc
ling
of r
ectif
ier
colu
mn
spen
t le
es,
seal
ing
wat
er,
proc
ess
cond
ensa
te
as h
ot w
ater
in li
quef
actio
n &
sac
char
ifica
tion
proc
ess.
Savi
ng o
f 10.
0 m
3/hr
or 2
40 m
3/da
y ra
w w
ater
& 1
8-19
ton
stea
m /
day.
To
tal
savi
ng t
hrou
gh s
team
& w
ater
appr
ox. 7
0 la
c ru
pees
for
the
yea
r 20
12-1
3.
C. Fo
reign Ex
chan
ge earning
s an
d outgo
:
Part
icul
ars
of e
arni
ngs
and
outg
o of
for
eign
exc
hang
e ar
e
give
n in
oth
er N
otes
on
Acc
ount
s in
Ser
ial N
o. 4
3 (f
) and
(i)
of t
he a
ccou
nts.
Plac
e : N
ew D
elhi
Dr. Lalit Kha
itan
Dat
e :
5th
Aug
ust
2013
Ch
airm
an &
Man
agin
g D
irect
or
AN
NEX
UR
E -
B
Ener
gy
Cons
erva
tion,
Te
chno
logy
A
bsor
ptio
n an
d Fo
reig
n Ex
chan
ge E
arni
ngs
and
Out
go:
The
part
icul
ars
rela
ting
to c
onse
rvat
ion
of e
nerg
y, t
echn
olog
y
abso
rptio
n an
d fo
reig
n ex
chan
ge
earn
ings
an
d ou
tgo,
as
requ
ired
unde
r sec
tion
217(
1)(e
) of t
he C
ompa
nies
A
ct, 1
956
read
with
the
Com
pani
es (D
iscl
osur
e of
Par
ticul
ars
in th
e Re
port
of B
oard
of
Dire
ctor
s) R
ules
198
8, a
re a
s un
der:
A. Con
servation of Ene
rgy:
(a) En
ergy
con
servation mea
sures take
n:
1.
Inst
alla
tion
and
inte
grat
ion
of
chill
ing
/ ai
r
cond
ition
ing
syst
em i
n ne
wly
con
stru
cted
prin
ting
plan
t alo
ng w
ith B
GG
con
trol
room
and
nea
rby
area
.
This
Chi
lling
is g
ener
ated
thr
ough
VA
M w
hich
run
s
by H
ot w
ater
com
ing
out
from
2X
1.2
MW
Bio
gas
gen
sets
in G
SP t
his
redu
ces
depe
nden
cy o
n U
PPCL
pow
er a
nd c
onsu
mpt
ion
of d
iese
l po
wer
fro
m D
G
sets
with
inc
reas
ed e
ffic
ienc
y (b
ette
r ut
iliza
tion
of
heat
val
ue a
vaila
ble
in b
io g
as).
The
tota
l sa
ving
expe
cted
app
roxi
mat
ely
3.00
Lac
uni
ts /
annu
m.
2.
Aft
er te
chni
cal e
valu
atio
n an
d re
quire
d m
odifi
catio
n
by i
n ho
use
the
max
imum
eve
r Ev
apor
atio
n ra
tio
of C
BL b
oile
r is
ach
ieve
d fr
om 3
.60
Kg o
f st
eam
/
Kg o
f Ri
ce h
usk
to 3
.80
Kg o
f St
eam
/ K
g of
ric
e
husk
(5.
50%
). Th
is i
s ab
ove
the
guar
ante
ed n
orm
s
prov
ided
by
OEM
. Thi
s ha
s sa
ved
the
heat
ene
rgy
of
Rice
hus
k w
hich
oth
erw
ise
go a
s w
aste
.
3.
Inst
alla
tion
of F
RP c
oolin
g to
wer
for
Cog
en-1
in
plac
e of
co
nven
tiona
l tim
ber
cool
ing
tow
er
to
incr
ease
rel
iabi
lity
and
savi
ng o
f el
ectr
ical
pow
er.
4.
Dur
ing
In h
ouse
aud
iting
of e
nerg
y co
nser
vatio
n w
e
have
rep
lace
d th
ree
nos.
old
ine
ffic
ient
mot
ors
by
new
EF-
2 en
ergy
eff
icie
nt m
otor
s ea
ch o
f ra
ting
75
HP(
1 N
o),
62H
P(1
No)
and
40H
P(1
No)
inst
alle
d on
vario
us p
umps
to
save
ele
ctric
al e
nerg
y.
5.
Dur
ing
in h
ouse
aud
iting
var
ious
the
rmod
ynam
ic
trap
s w
ere
inst
alle
d to
sav
e th
erm
al e
nerg
y in
ter
ms
of s
team
.
(b
) Additiona
l inve
stmen
ts an
d propos
als, if an
y,
being
implemen
ted for red
uction
of co
nsum
ption
of
energy
:
1.
Prov
idin
g th
e sh
ed o
n ric
e hu
sk y
ard
to s
ave
the
rice
husk
fro
m g
ettin
g w
et d
urin
g ra
in (
mon
soon
) an
d
loos
ing
heat
dur
ing
burn
ing
in b
oile
r an
d th
ereb
y
redu
cing
it’s
eff
icie
ncy.
2.
Repl
acem
ent
of
vacu
um
pum
ps
of
ferm
enta
tion
plan
t of G
SP w
ith ro
ot a
ir bl
ower
s. T
his
mod
ifica
tion
will
pro
vide
sav
ing
of e
lect
rical
pow
er &
pro
cess
wat
er.
3.
Inte
grat
ion
of w
ater
sys
tem
of
the
plan
t to
red
uce
wat
er c
onsu
mpt
ion
in s
uch
way
to
redu
ce r
unni
ng
of B
ore
wel
l and
red
uctio
n w
ater
as
wel
l as
pow
er
cons
umpt
ion
in t
he p
lant
.
4.
Requ
ired
mod
ifica
tion
in d
iges
ter
to h
ave
bett
er
relia
bilit
y an
d ef
ficie
ncy
to h
ave
mor
e gr
een
ener
gy.
5.
Stud
y on
sys
tem
inte
grat
ion
of A
ir w
ith in
cam
pus
with
a v
iew
to
save
ele
ctric
al e
nerg
y.
(c
) Im
pac
t of the
mea
sures
at (a) a
nd (b) ab
ove
for
reduc
tion
of en
ergy
con
sumption
and
con
seque
nt
impac
t on
the
cos
t of produc
tion
of go
ods:
1.
Expe
cted
sav
ing
from
inst
alla
tion
of C
hilli
ng a
nd a
ir
cond
ition
ing
syst
em is
app
rox
Rs 2
1.00
lacs
dur
ing
the
year
.
2.
Expe
cted
sav
ing
from
im
prov
emen
t in
Eva
pora
tion
ratio
of
CBL
boile
r is
app
rox
Rs.1
50 la
cs d
urin
g th
e
year
.
3.
A t
otal
sav
ing
tow
ards
rep
lace
men
t of
FRP
coo
ling
tow
er in
pla
ce o
f in
effic
ient
tim
ber c
oolin
g ac
hiev
ed
appr
ox R
s.3.
3 La
cs d
urin
g th
e ye
ar.
4.
A to
tal s
avin
g to
war
ds re
plac
emen
t of o
ld in
effic
ient
mot
ors
with
new
ene
rgy
effic
ient
mot
ors
is a
ppro
x
achi
eved
Rs.
8.90
Lac
s.
RAD
ICO
KH
AIT
AN
LIM
ITED
26A
NN
UA
L RE
PORT
201
2-13
27
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Coun
try
liquo
r co
nstit
utes
ar
ound
ha
lf th
e to
tal
liquo
r
cons
umpt
ion
in I
ndia
. H
owev
er,
the
IMFL
seg
men
t ha
s be
en
grow
ing
at a
hig
her
rate
tha
n co
untr
y liq
uor,
whi
ch h
as b
een
expa
ndin
g at
onl
y 3-
4%.
This
tre
nd c
lear
ly in
dica
tes
a gr
adua
l
shift
in fa
vor o
f IM
FL. F
ew s
tate
s su
ch a
s A
ndhr
a Pr
ades
h, T
amil
Nad
u, K
arna
taka
and
Ker
ala
have
ban
ned
coun
try
liquo
r due
to
thei
r low
qua
lity
ingr
edie
nts,
haz
ardo
us m
etho
ds o
f pro
duct
ion
and
pote
ntia
l tax
col
lect
ion
loss
es. H
isto
ric t
rend
s in
dica
te t
hat
the
ban
on c
ount
ry l
iquo
r in
itial
ly i
ncre
ases
the
dem
and
for
IMFL
at l
ower
pric
e po
ints
or t
he e
cono
my
segm
ent.
With
in th
e
IMFL
mar
ket,
con
sum
ers
are
shift
ing
from
low
pric
e br
ands
to
mid
-pric
e an
d pr
emiu
m b
rand
s. W
ith le
ss t
han
20%
of
mar
ket
volu
mes
gen
erat
ed f
rom
the
pre
miu
m s
egm
ents
, th
ere
is a
sign
ifica
nt g
row
th p
oten
tial f
rom
pre
miu
mis
atio
n.
His
toric
ally
, bro
wn
spiri
ts in
clud
ing
whi
sky,
bra
ndy
and
dark
rum
have
bee
n th
e la
rges
t co
ntrib
utor
s of
tot
al IM
FL s
ales
. In
2012
,
brow
n sp
irits
acc
ount
ed f
or 9
5% o
f th
e do
mes
tic m
arke
t, b
oth
in t
erm
s of
vol
ume
and
valu
e. B
rand
y sa
les
volu
me
incr
ease
d
by 1
2.6%
and
sal
es v
alue
inc
reas
ed b
y 17
.0%
in
2012
. Th
is
was
prim
arily
driv
en b
y in
crea
sed
prem
ium
isat
ion
in t
he S
outh
Indi
an m
arke
ts. H
owev
er, r
um s
ales
vol
umes
dec
lined
by
3.2%
durin
g 20
12.
Whi
sky
volu
mes
dur
ing
2012
incr
ease
d by
8.7
%
and
vodk
a vo
lum
e by
9.7
%.
In t
he p
ast
few
yea
rs,
vodk
a ha
s
gain
ed g
reat
er t
ract
ion
due
to a
hig
her
pref
eren
ce a
mon
g th
e
youn
ger g
ener
atio
n an
d in
crea
sing
fem
ale
drin
king
pop
ulat
ion,
who
pre
fer
cock
tails
whe
re v
odka
is u
sed
as a
mix
er.
New
var
iant
s an
d pr
oduc
t la
unch
es b
y le
adin
g pl
ayer
s ha
ve
help
ed i
n su
stai
ning
the
ind
ustr
y vo
lum
e gr
owth
. La
unch
of
prod
ucts
in
nich
e se
gmen
ts,
crea
tion
of n
ew s
ub-s
egm
ents
usin
g pr
ice
band
or
bran
d st
reng
ths
and
the
use
of in
nova
tive
pack
agin
g to
att
ract
cus
tom
ers
have
als
o ca
taly
sed
grow
th.
As
of A
pril
2013
, sug
ar p
rodu
ctio
n in
the
201
2-13
sea
son
was
24.5
mill
ion
tonn
es c
ompa
red
to 2
5.1
mill
ion
tonn
es i
n th
e
sam
e pe
riod
last
yea
r. T
his
prod
uctio
n de
clin
e of
app
roxi
mat
ely
3% w
as p
rimar
ily d
ue t
o a
low
er c
ane
acre
age
of o
nly
4.03
mill
ion
hect
ares
, si
gnifi
cant
ly l
ower
tha
n th
e go
vern
men
t’s
targ
et o
f 5.2
5 m
illio
n he
ctar
es fo
r the
yea
r. T
he g
over
nmen
t has
issu
ed n
otifi
catio
n to
mak
e 5%
eth
anol
ble
ndin
g w
ith g
asol
ine
man
dato
ry a
cros
s th
e co
untr
y by
Jun
e 20
13.
The
decl
ine
in
suga
r pr
oduc
tion,
cou
pled
with
thi
s co
mpe
ting
dem
and
for
etha
nol,
put a
n up
war
d pr
essu
re o
n EN
A p
rices
dur
ing
the
year
.
Indus
try Outlook
Dur
ing
the
perio
d 20
13-1
7, t
he I
MFL
dem
and
in I
ndia
is
expe
cted
to g
row
at a
CA
GR
of 6
.4%
in te
rms
of v
olum
e an
d at
10.8
% in
val
ue.
This
gro
wth
is e
xpec
ted
to b
e pr
imar
ily d
riven
by r
isin
g di
spos
able
inco
mes
and
aff
luen
ce,
grow
th in
mid
dle-
clas
s ho
useh
olds
, fa
vora
ble
dem
ogra
phic
s,
chan
ging
so
cial
attit
ude
tow
ard
liquo
r co
nsum
ptio
n am
ongs
t th
e ur
ban
uppe
r
mid
dle-
clas
s fa
mili
es a
nd a
gra
dual
shi
ft t
owar
ds I
MFL
fro
m
coun
try
liquo
r. S
ingl
e m
alt
scot
ch,
blen
ded
scot
ch a
nd v
odka
are
expe
cted
to
lead
the
gro
wth
with
a p
roje
cted
201
3-17
CAG
R of
17.
7%, 1
5.2%
and
11.
1%, r
espe
ctiv
ely.
The
incr
easi
ng
urba
niza
tion
in I
ndia
and
you
ng a
dults
rea
chin
g th
e el
igib
le
drin
king
age
are
exp
ecte
d to
be
prim
ary
driv
ers
for
the
grow
th
in t
hese
cat
egor
ies.
Man
ufac
ture
rs h
ave
been
con
tinuo
usly
focu
sed
on la
unch
ing
prod
ucts
with
inno
vativ
e pa
ckag
ing
and
5%
18% 17%
60%Sa
les of Spirits by Categ
ory (V
olum
e): 2
012
Whi
te s
pirit
s
Bran
dy
Rum
Whi
sky
4%
12%
13%
71%
Sales of Spirits by Categ
ory (V
alue
): 201
2
Whi
te s
pirit
s
Bran
dy
Rum
Whi
sky
MA
NA
GEM
EN
T
DIS
CU
SSIO
NS
AN
D A
NA
LYSI
S
Indu
stry
Ove
rvie
wTh
e Indian Con
sumer G
rowth Story
Indi
a is
one
of
the
fast
est
grow
ing
cons
umer
mar
kets
in
the
wor
ld, a
long
side
Chi
na. T
he g
row
th in
Indi
a is
prim
arily
driv
en
by th
e ra
pid
expa
nsio
n of
the
Indi
an m
iddl
e cl
ass
popu
latio
n. B
y
2020
, In
dia
is p
roje
cted
to
be t
he w
orld
’s t
hird
larg
est
mid
dle
clas
s co
nsum
er m
arke
t af
ter
Chin
a an
d th
e U
S. B
y 20
30,
Indi
a
is e
xpec
ted
to e
njoy
a c
onsu
mer
spe
nd o
f ar
ound
$13
tril
lion,
high
er t
han
Chin
a an
d th
e U
S. D
urin
g FY
2013
, Ind
ia p
er c
apita
inco
me
was
$1,
165,
an
incr
ease
of
11.7
% o
ver
the
prev
ious
year
[Sou
rce:
Pre
ss In
form
atio
n Bu
reau
; co
nver
ted
into
$ u
sing
an e
xcha
nge
rate
of R
s. 5
9]. R
isin
g in
com
e le
vels
and
a re
lativ
ely
larg
e yo
ung
popu
latio
n ha
ve a
lso
been
key
gro
wth
driv
ers
for
the
cons
umer
sec
tor
spen
ding
. Th
e yo
ung
cons
umer
s of
the
uppe
r m
iddl
e-cl
ass
are
incr
easi
ngly
loo
king
bey
ond
the
utili
ty
aspe
ct o
f th
eir
purc
hase
s an
d ar
e m
ore
inte
rest
ed in
the
bra
nd
and
lifes
tyle
ass
ocia
ted
with
pro
duct
s. T
his
incr
easi
ng b
rand
awar
enes
s an
d af
ford
abili
ty w
ill f
urth
er e
nhan
ce d
eman
d fo
r
prem
ium
qua
lity
prod
ucts
. Rur
al d
eman
d is
als
o se
t to
ris
e w
ith
risin
g in
com
e le
vels
and
gre
ater
bra
nd r
ecog
nitio
n.
Des
pite
the
rece
nt e
cono
mic
slo
wdo
wn,
the
Indi
a co
nsum
ptio
n
stor
y re
mai
ns i
ntac
t. I
n FY
2013
, th
e G
DP
of I
ndia
was
$93
3
billi
on, i
ndic
atin
g a
grow
th o
f on
ly 5
.0%
ove
r FY
2012
[Sou
rce:
Pres
s In
form
atio
n Bu
reau
; co
nver
ted
into
$ u
sing
an
exch
ange
rate
of R
s. 5
9]. T
he In
dex
of In
dust
rial P
rodu
ctio
n (II
P) re
gist
ered
a m
argi
nal
grow
th o
f 1.
0% i
n FY
2013
. In
ter
ms
of s
ecto
ral
brea
k-up
, el
ectr
icity
and
man
ufac
turin
g gr
ew b
y 4.
0% a
nd
1.2%
res
pect
ivel
y w
hile
min
ing
decl
ined
by
2.5%
.
The Indian Sp
irits Indus
try
In 2
012,
the
sal
es v
olum
e of
the
IM
FL i
ndus
try
was
2,3
51
mill
ion
liter
s or
26
1 m
illio
n ca
ses,
re
pres
entin
g a
grow
th
of 7
.2%
com
pare
d to
the
pre
viou
s ye
ar.
Gro
wth
in
term
s of
sale
s va
lue
over
the
sam
e pe
riod
was
13.
4%, i
ndic
atin
g a
clea
r
tren
d of
pre
miu
miz
atio
n in
the
ind
ustr
y. I
n re
cent
yea
rs,
the
com
bina
tion
of r
isin
g as
pira
tions
of
the
Indi
an c
onsu
mer
and
high
er p
er c
apita
dis
posa
ble
inco
me
has
resu
lted
in p
rem
ium
bran
ds c
aptu
ring
larg
er m
arke
t sha
re. T
he In
dian
spi
rits
indu
stry
is
now
in
crea
sing
ly
focu
sed
on
prem
ium
izat
ion
by
rais
ing
cons
umer
aw
aren
ess
of h
ighe
r end
bra
nds.
Dur
ing
the
last
yea
r,
the
indu
stry
als
o ex
perie
nced
mor
e pa
rtne
rshi
ps w
ith f
orei
gn
spiri
ts c
ompa
nies
, in
tern
atio
nal
bran
ds b
eing
bot
tled
in I
ndia
and
man
ufac
ture
rs s
tead
ily u
pgra
ding
pro
duct
qua
lity.
Ave
rage
pric
e re
aliz
atio
n in
crea
sed
by
5.8%
du
ring
2012
[S
ourc
e:
Euro
mon
itor
Inte
rnat
iona
l, M
ay 2
013]
.0-14
yrs
15-24 yrs
25-54 yrs
55-64 yrs
65+ yrs
28.9
%
40.4
%
6.9%
5.6%
18.2
%
Attractive dem
ographics w
ith arou
nd 60%
of the
pop
ulation betwee
n the ag
e grou
p 15-55
yea
rs in
FY2
013
RAD
ICO
KH
AIT
AN
LIM
ITED
28A
NN
UA
L RE
PORT
201
2-13
29
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
as A
fter
Dar
k w
hisk
y, F
lore
nce
bran
dy,
Mor
pheu
s br
andy
and
Ver
ve v
odka
con
tinue
d to
gai
n po
sitiv
e tr
actio
n w
ith c
onsu
mer
s
and
in
line
with
m
anag
emen
t’s
grow
th
expe
ctat
ions
. Th
e
Com
pany
’s c
onst
ant f
ocus
on
prem
ium
izat
ion
is c
lear
ly re
flect
ed
by t
he in
crea
sing
sha
re o
f pr
emiu
m b
rand
s in
the
ove
rall
sale
s
volu
mes
.
Mag
ic
Mom
ents
co
ntin
ues
to
driv
e th
e vo
dka
cate
gory
sale
s in
the
cou
ntry
. Si
nce
its l
aunc
h, t
he b
rand
has
bee
n
proa
ctiv
ely
enga
ging
co
nsum
ers
thro
ugh
pres
ence
on
TV
med
ia,
prin
t,
outd
oor
and
digi
tal
med
ium
, co
uple
d w
ith
cons
umer
eng
agem
ent
on t
he g
roun
d le
vel.
With
the
sup
port
of a
sus
tain
ed 3
60 c
omm
unic
atio
n st
rate
gy a
nd c
onsu
mer
enga
gem
ent,
M
agic
M
omen
ts
cont
inue
s to
do
min
ate
the
vodk
a sp
ace
as t
he l
arge
st s
ellin
g vo
dka
in t
he c
ount
ry,
with
bran
d re
gist
erin
g a
sale
s ex
ceed
ing
2 m
illio
n ca
ses.
The
Com
pany
enh
ance
d its
ran
ge o
f pr
emiu
m o
ffer
ings
yet
agai
n by
lau
nchi
ng V
erve
Mag
ic M
omen
ts v
odka
, a
supe
rior
qual
ity p
rem
ium
cat
egor
y pr
oduc
t sy
mbo
lic o
f yo
uthf
ul e
nerg
y
with
a s
tylis
h m
oder
n ap
peal
. Ver
ve is
nat
ural
ly re
fined
thro
ugh
a un
ique
fiv
e-st
age
slow
filt
ratio
n pr
oces
s, u
sing
silv
er a
nd
plat
inum
filt
ers.
Sin
ce it
s in
trod
uctio
n in
the
mar
ket
in O
ctob
er
2012
, V
erve
Mag
ic M
omen
ts r
ecei
ved
an e
xcel
lent
res
pons
e
from
the
con
sum
ers
and
trad
e pa
rtne
rs,
and
is s
ucce
ssfu
lly
atta
inin
g a
dist
inct
ive
posi
tion
for
itsel
f.
Rece
ntly
it
was
felic
itate
d w
ith t
he M
onde
Sel
ectio
n G
old
awar
d fo
r su
perio
r
qual
ity w
ithin
a f
ew m
onth
s of
lau
nch.
The
suc
cess
of
Ver
ve
was
the
ins
pira
tion
to e
xplo
re p
opul
ar f
lavo
urs
that
res
onat
e
with
the
you
ng c
onsu
mer
s -
Ver
ve G
reen
App
le a
nd V
erve
Ora
nge
Prem
ium
fla
vour
ed v
odka
.
Mor
pheu
s br
andy
con
tinue
d to
dom
inat
e th
e pr
emiu
m b
rand
y
segm
ent
in
Sout
h In
dia.
W
ith
the
help
of
ac
tivat
ion
and
cons
umer
eng
agem
ents
in
the
off-
prem
ise
and
on-p
rem
ise
outle
ts,
the
bran
d up
held
its
pos
ition
as
the
larg
est
selli
ng
bran
d in
the
seg
men
t. T
he C
ompa
ny’s
pre
senc
e in
the
Sou
th
was
str
engt
hene
d w
ith t
he l
aunc
h of
Flo
renc
e br
andy
in
the
prem
ium
seg
men
t in
Tam
il N
adu.
The
regu
lar
segm
ent,
whi
ch i
nclu
des
othe
r m
ainl
ine
bran
ds
like
8PM
whi
sky
and
Old
Adm
iral
bran
dy,
also
con
trib
uted
sign
ifica
ntly
to
the
grow
th.
The
sup
erio
r of
ferin
gs a
nd f
ine
qual
ity o
f our
pro
duct
s is
evi
dent
from
the
fact
that
we
rece
ived
nine
G
old
Aw
ards
, in
clud
ing
two
Gra
nd
Gol
d fo
r va
rious
prod
ucts
in t
he m
uch-
cove
ted
Mon
de S
elec
tion
Qua
lity
awar
ds
2013
.
Fina
ncia
l Per
form
ance
D
espi
te t
he d
iffic
ult
econ
omic
env
ironm
ent,
Rad
ico
Khai
tan
dem
onst
rate
d a
stro
ng fi
nanc
ial p
erfo
rman
ce w
ith N
et R
even
ue
grow
th o
f 11.
9% in
FY2
013.
Pre
stig
e &
Abo
ve c
ateg
ory
bran
ds
led
the
volu
me
perf
orm
ance
with
a s
tron
g 19
.2%
y-o
-y g
row
th
in F
Y201
3.
FY20
13
EBIT
DA
in
crea
sed
by
11.6
%
and
EBIT
DA
m
argi
n
rem
aine
d re
lativ
ely
flat
at 1
1.0%
as
com
pare
d to
last
yea
r. T
his
2010
3.6%
2011
5.5%
2012
5.2%
2013
5.0%
Net
inco
me
(Rs.
cro
re)
85
42
7179
Mar
gin
(%)
2010
11.3
%
2011
11.6
%
2012
11.2
%
2013
11.2
%
EBIT
DA
(Rs.
cro
re)
192
130
149
172 M
argi
n (%
)
2010
23.0
%
2011
11.7
%
2012
19.7
%
2013
11.9
%
Net
Rev
enue
(Rs.
cro
re)
1,71
6
1,14
71,
281
1,53
3 Gro
wth
(%)
fash
iona
ble
varia
nts
to g
ain
mas
s ap
peal
, m
ainl
y am
ong
the
youn
ger
gene
ratio
n. T
he in
crea
sing
acc
epta
nce
of t
he p
ub a
nd
disc
othe
que
cultu
re in
Indi
a w
ould
als
o dr
ive
on-t
rade
sal
es.
The
rece
nt c
orpo
rate
dev
elop
men
ts in
the
sec
tor
are
expe
cted
to c
hang
e th
e in
dust
ry d
ynam
ics
sign
ifica
ntly
, re
sulti
ng i
n a
furt
her
incr
ease
in p
rem
ium
izat
ion.
The
incr
easi
ng p
rese
nce
of
MN
Cs in
Indi
a w
ill e
nsur
e gr
eate
r tr
ansp
aren
cy a
nd o
pera
tiona
l
effic
ienc
y. T
his
will
als
o ch
ange
the
com
petit
ive
land
scap
e an
d
may
res
ult
in a
sig
nific
ant
incr
ease
in
adve
rtis
ing
spen
ds a
nd
bran
d in
vest
men
t. W
ith a
foc
us o
n pr
ofita
bilit
y-dr
iven
gro
wth
,
the
pric
ing
pow
er o
f th
e es
tabl
ishe
d in
dust
ry p
laye
rs i
s al
so
expe
cted
to
incr
ease
, res
ultin
g in
impr
oved
mar
gins
.
As
the
indu
stry
is m
ovin
g to
war
ds p
rem
ium
izat
ion,
sup
port
ed
by
favo
rabl
e m
acro
-eco
nom
ic
fact
ors,
th
e de
man
d fo
r
inte
rnat
iona
l and
nic
he b
rand
s is
exp
ecte
d to
gro
w s
igni
fican
tly.
This
is e
xpec
ted
to le
ad t
o jo
int
vent
ures
am
ong
dom
estic
and
inte
rnat
iona
l co
mpa
nies
. Co
ntin
ued
high
tax
es o
n th
e in
ter-
stat
e m
ovem
ent
of li
quor
may
res
ult
in a
fur
ther
con
solid
atio
n
of s
mal
ler m
anuf
actu
rers
by
larg
er c
ompa
nies
with
the
obje
ctiv
e
to in
crea
se t
heir
prod
uctio
n ca
pabi
litie
s ac
ross
Indi
a.
Busi
ness
Str
ateg
yW
ith th
is c
hang
ing
envi
ronm
ent,
Rad
ico
Khai
tan’
s lon
gsta
ndin
g
and
succ
essf
ul
prem
ium
izat
ion
stra
tegy
w
ill
impr
ove
the
Com
pany
’s r
even
ue a
nd p
rofit
abili
ty i
n th
e ne
ar t
erm
. Th
e
Com
pany
’s k
ey s
trat
egic
gro
wth
driv
ers
com
pris
e th
e fo
llow
ing:
Focu
s on
Premium Brand
sRa
dico
Kha
itan
is o
ne o
f th
e la
rges
t sp
irits
com
pani
es in
Indi
a
with
fou
r M
illio
naire
bra
nds
in i
ts p
ortf
olio
. Th
e Co
mpa
ny
laun
ched
eig
ht n
ew b
rand
s ov
er th
e pa
st d
ecad
e. O
f the
se n
ew
bran
ds,
the
Com
pany
lau
nche
d fo
ur b
rand
s in
pas
t fiv
e ye
ars
and
all o
f th
em in
the
pre
miu
m c
ateg
ory.
Radi
co
Khai
tan
rem
ains
fo
cuse
d on
its
st
rate
gy
of
prem
ium
izat
iom
, w
hich
is
ev
iden
t fr
om
its
rece
nt
bran
d
laun
ches
in t
he p
rem
ium
and
sup
er p
rem
ium
cat
egor
ies.
With
the
succ
ess
of M
agic
Mom
ents
pre
miu
m v
odka
, th
e Co
mpa
ny
laun
ched
six
mor
e fla
vors
of M
agic
Mom
ents
acr
oss t
he c
ount
ry.
This
suc
cess
als
o re
sulte
d in
the
sub
sequ
ent
laun
ch o
f ot
her
bran
ds in
the
pre
miu
m a
nd s
uper
pre
miu
m s
egm
ents
. Ra
dico
Khai
tan’
s re
cent
ly
laun
ched
pr
oduc
ts,
Aft
er
Dar
k pr
emiu
m
whi
sky
and
Mor
pheu
s su
per
prem
ium
bra
ndy,
rec
eive
d po
sitiv
e
resp
onse
s fr
om c
onsu
mer
s an
d tr
ade
chan
nels
. A
t th
e st
art
of F
Y201
3, t
he C
ompa
ny s
ucce
ssfu
lly l
aunc
hed
Flor
ence
, a
supe
r pr
emiu
m b
rand
y. T
his
was
fol
low
ed i
n O
ctob
er 2
012
by t
he la
unch
of
Ver
ve s
uper
pre
miu
m v
odka
. Bu
ildin
g on
the
cont
inui
ng s
ucce
ss o
f the
se b
rand
laun
ches
acr
oss
cate
gorie
s, a
flavo
ured
edi
tion
of V
erve
vod
ka w
as la
unch
ed in
Mar
ch 2
013.
The
over
all s
ucce
ss o
f the
Ver
ve v
odka
bra
nd w
as a
ckno
wle
dged
by it
s M
onde
Sel
ectio
n 20
13 G
old
Aw
ard.
Price Increa
ses in Various
Marke
tsD
urin
g th
e ye
ar u
nder
rev
iew
, Ra
dico
Kha
itan
enjo
yed
pric
e
incr
ease
s in
cer
tain
Sou
th I
ndia
n st
ates
suc
h as
Kar
nata
ka
and
And
hra
Prad
esh.
The
Com
pany
is
also
exp
ectin
g pr
ice
incr
ease
s t
o ha
ppen
in
othe
r ke
y liq
uor
cons
umin
g st
ates
.
The
chan
ging
ind
ustr
y dy
nam
ics,
cou
pled
with
the
se p
rice
incr
ease
s, is
exp
ecte
d to
impr
ove
the
Com
pany
’s p
rofit
abili
ty o
f
the
Com
pany
in F
Y201
4.
Cos
t Optimization
Radi
co K
haita
n ha
s a
sign
ifica
nt d
istil
latio
n ca
paci
ty o
f 15
0
mill
ion
litre
s, w
hich
mak
es t
he C
ompa
ny s
elf-
depe
nden
t fo
r its
ENA
requ
irem
ents
to a
larg
e ex
tent
and
als
o pr
ovid
es a
cus
hion
agai
nst
vola
tility
in
ENA
pric
es.
The
Com
pany
has
a c
apac
ity
to s
tore
3 m
onth
s’ e
quiv
alen
t of
its
mol
asse
s re
quire
men
ts.
This
ins
ulat
es t
he C
ompa
ny a
gain
st s
hort
-ter
m f
luct
uatio
ns i
n
mol
asse
s pr
ices
. Ra
dico
Kha
itan
has
also
tak
en o
ther
ste
ps t
o
optim
ize
its c
ost s
truc
ture
. Thi
s in
clud
es ra
tiona
lisat
ion
of b
ottle
supp
lies
and
dive
rsifi
catio
n of
its
supp
lier b
ase,
the
reby
lim
iting
the
net
cost
impa
ct.
Exports and
New
Internationa
l Tie-ups
The
Com
pany
has
a s
tron
g ex
port
bas
e in
mor
e th
an 3
0
coun
trie
s. O
vera
ll ex
port
vol
umes
in F
Y201
3 w
ere
in li
ne w
ith
FY20
12.
Radi
co K
haita
n is
foc
used
on
enha
ncin
g its
bas
e in
new
er g
eogr
aphi
es s
uch
as t
he U
S, U
K an
d Ca
nada
with
mor
e
prem
ium
pr
oduc
ts.
The
Com
pany
’s
inve
stm
ents
in
br
and
build
ing
over
the
pas
t co
uple
of
year
s ha
ve r
esul
ted
in a
larg
e
cons
umer
bas
e ou
tsid
e In
dia.
Goi
ng f
orw
ard,
the
Com
pany
expe
cts
to in
crea
se p
rofit
abili
ty in
its
expo
rts
busi
ness
thr
ough
focu
s on
pre
miu
m b
rand
s an
d ne
wer
geo
grap
hies
.
Revi
ew o
f O
pera
tions
and
Mar
ketin
gO
ver t
he y
ears
, the
Com
pany
has
bee
n fo
cuse
d on
enh
anci
ng it
s
prem
ium
por
tfol
io in
line
with
its
stra
tegy
. As
a re
sult,
Pre
stig
e
& A
bove
cat
egor
y br
ands
as
a pe
rcen
tage
of
tota
l IM
FL s
ales
volu
me
incr
ease
d fr
om 1
4.6%
in F
Y201
2 to
16.
2% in
FY2
013.
Pres
tige
& A
bove
bra
nds
sale
s re
venu
e ac
coun
ted
for
35%
of t
otal
IM
FL s
ales
in
FY20
13 c
ompa
red
to 3
1% i
n FY
2012
.
The
new
ly-in
trod
uced
bra
nds
in t
he p
rem
ium
cat
egor
ies
such
RAD
ICO
KH
AIT
AN
LIM
ITED
30A
NN
UA
L RE
PORT
201
2-13
31
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
indu
stry
. Sin
ce th
ese
BIO
pro
duct
s ar
e in
the
high
er M
RP ra
nges
,
the
Com
pany
is n
ot li
kely
to
face
any
maj
or r
isk.
Des
pite
di
scou
ragi
ng
cust
om
duty
an
d m
ultip
le
laye
rs
of
exci
se, t
he In
dian
spi
rits
indu
stry
has
rem
aine
d at
trac
tive
to t
he
inte
rnat
iona
l com
pani
es w
ho h
ave
been
tryi
ng to
enh
ance
thei
r
pres
ence
in In
dia.
In a
ntic
ipat
ion
of h
ighe
r gr
owth
in In
dia,
the
pace
of
acqu
isiti
on a
nd j
oint
ven
ture
s ha
s pi
cked
up
even
as
esta
blis
hed
dom
estic
pla
yers
try
to
cons
olid
ate
thei
r m
arke
t
posi
tion.
Geo
grap
hic Risk
Radi
co
Khai
tan’
s bu
sine
ss
has
a pa
n In
dia
pres
ence
w
ith
man
ufac
turin
g fa
cilit
ies
acro
ss t
he c
ount
ry t
here
by m
inim
izin
g
any
pote
ntia
l ge
ogra
phic
al r
isk.
Inc
reas
ing
expo
rts
over
the
com
ing
year
s w
ill f
urth
er h
elp
to b
road
en g
eogr
aphi
c bu
sine
ss
expo
sure
.
Currenc
y Risk
Radi
co K
haita
n ha
s a p
ortf
olio
of f
orei
gn c
urre
ncy
debt
for w
hich
it is
sub
ject
to
curr
ency
and
inte
rest
rat
e ris
k. T
he C
ompa
ny h
as
adop
ted
risk
man
agem
ent
prac
tices
to
mon
itor
and
addr
ess
its
fore
ign
curr
ency
exp
osur
e. T
he in
crea
sing
exp
ort
port
folio
act
s
as a
nat
ural
hed
ge f
or t
he C
ompa
ny’s
for
eign
cur
renc
y de
bt.
Caut
iona
ry S
tate
men
tSt
atem
ents
in
th
is
Man
agem
ent
Dis
cuss
ion
and
Ana
lysi
s
cont
ains
“fo
rwar
d lo
okin
g st
atem
ents
” in
clud
ing,
but
with
out
limita
tion,
st
atem
ents
re
latin
g to
th
e im
plem
enta
tion
of
stra
tegi
c in
itiat
ives
, an
d ot
her
stat
emen
ts r
elat
ing
to R
adic
o
Khai
tan’
s fu
ture
bu
sine
ss
deve
lopm
ents
an
d ec
onom
ic
perf
orm
ance
. Whi
le t
hese
for
war
d lo
okin
g st
atem
ents
indi
cate
our
asse
ssm
ent
and
futu
re
expe
ctat
ions
co
ncer
ning
th
e
deve
lopm
ent
of o
ur b
usin
ess,
a n
umbe
r of
ris
ks,
unce
rtai
ntie
s
and
othe
r un
know
n fa
ctor
s co
uld
caus
e ac
tual
dev
elop
men
ts
and
resu
lts t
o di
ffer
mat
eria
lly f
rom
our
exp
ecta
tions
. Th
ese
fact
ors
incl
ude,
but
are
not
lim
ited
to, g
ener
al m
arke
t, m
acro
-
econ
omic
, gov
ernm
enta
l and
reg
ulat
ory
tren
ds, m
ovem
ents
in
curr
ency
exc
hang
e an
d in
tere
st r
ates
, co
mpe
titiv
e pr
essu
res,
tech
nolo
gica
l dev
elop
men
ts, c
hang
es in
the
finan
cial
con
ditio
ns
of t
hird
par
ties
deal
ing
with
us,
legi
slat
ive
deve
lopm
ents
, an
d
othe
r ke
y fa
ctor
s th
at c
ould
aff
ect
our
busi
ness
and
fin
anci
al
perf
orm
ance
. Ra
dico
Kh
aita
n un
dert
akes
no
ob
ligat
ion
to
publ
icly
rev
ise
any
forw
ard-
look
ing
stat
emen
ts t
o re
flect
fut
ure
/ lik
ely
even
ts o
r ci
rcum
stan
ces.
Fo
r an
d on
beh
alf
of t
he B
oard
sd
/-
Plac
e: N
ew D
elhi
D
r. L
alit
Khai
tan
Dat
e: 5
th A
ugus
t 20
13
Chai
rman
& M
anag
ing
Dire
ctor
incr
ease
in E
BITD
A w
as p
rimar
ily d
ue t
o im
prov
ed r
ealiz
atio
ns
driv
en b
y an
incr
ease
in v
olum
e of
Pre
stig
e &
Abo
ve b
rand
s an
d
cost
opt
imiz
atio
n in
itiat
ives
und
erta
ken
durin
g th
e ye
ar.
The
indu
stry
has
fac
ed r
isin
g st
ate
leve
l exc
ise
dutie
s an
d su
stai
ned
infla
tion
in in
put
cost
s re
sulti
ng in
mar
gin
pres
sure
in F
Y201
3.
Dur
ing
the
seco
nd h
alf o
f the
yea
r, t
he C
ompa
ny r
ecei
ved
pric
e
incr
ease
s in
the
key
liquo
r con
sum
ing
stat
es, t
he e
ffec
t of w
hich
will
be
fully
ref
lect
ed in
the
per
form
ance
of
FY20
14.
Adj
uste
d N
et In
com
e in
crea
sed
by 7
.4%
and
mar
gins
dec
lined
by
20
bps
com
pare
d w
ith
FY20
12.
Net
In
tere
st
expe
nse
incr
ease
d fr
om R
s. 5
8.2
cror
e in
FY2
012
to R
s. 7
0.1
cror
e in
FY20
13.
Dur
ing
the
year
und
er r
evie
w,
the
effe
ctiv
e ta
x ra
te
(bef
ore
exce
ptio
nal i
tem
s) in
crea
sed
from
22.
7% in
FY2
012
to
27.4
% in
FY2
013.
Net
Inc
ome
was
adj
uste
d fo
r ot
her
inco
me
and
a fo
reig
n ex
chan
ge f
luct
uatio
n lo
ss o
f Rs
. 7.
7 cr
ore
for
FY20
13.
Aw
ards
and
Rec
ogni
tions
Mon
de S
elec
tion
(Inte
rnat
iona
l In
stitu
te f
or Q
ualit
y Se
lect
ion)
2013
:
Mag
ic M
omen
ts R
emix
Lem
on G
rass
& G
inge
r an
d Le
mon
flavo
ured
vod
ka: G
rand
Gol
d A
war
d
Mag
ic M
omen
ts v
odka
(fiv
e fla
vour
s): G
old
Aw
ards
Mor
pheu
s br
andy
: Gol
d A
war
d
Ver
ve v
odka
: Gol
d A
war
d
Aft
er D
ark
whi
sky:
Silv
er A
war
d
Inte
rnal
Con
trol
Sys
tem
s &
Ade
quac
yTh
e Co
mpa
ny h
as d
eplo
yed
effe
ctiv
e an
d ef
ficie
nt i
nter
nal
cont
rol
syst
ems
with
in t
he o
rgan
isat
ion.
Thi
s fa
cilit
ates
the
accu
rate
and
tim
ely
com
pila
tion
of f
inan
cial
and
ope
ratio
nal
data
; ens
ures
com
plia
nce
with
app
licab
le la
ws
and
regu
latio
ns
and
safe
guar
ds in
vest
ors’
inte
rest
by
ensu
ring
the
high
est
leve
l
of g
over
nanc
e an
d pe
riodi
c co
mm
unic
atio
n w
ith i
nves
tors
.
The
Aud
it Co
mm
ittee
of
the
Boar
d m
eets
reg
ular
ly t
o re
view
the
adeq
uacy
of
inte
rnal
con
trol
s an
d in
tern
al a
udit
findi
ngs.
The
Com
pany
has
app
oint
ed G
rant
Tho
rnto
n as
the
ir in
tern
al
audi
tors
and
sub
mits
qua
rter
ly re
port
s to
the
Aud
it Co
mm
ittee
.
Inte
rnal
con
trol
sys
tem
s an
d pr
oced
ures
at
all
leve
ls a
re a
high
prio
rity
for
Radi
co K
haita
n. W
ell
esta
blis
hed
and
robu
st
inte
rnal
aud
it pr
oces
ses,
bot
h at
bus
ines
s an
d co
rpor
ate
leve
ls,
cont
inuo
usly
mon
itor
the
adeq
uacy
and
eff
ectiv
enes
s of
the
inte
rnal
con
trol
env
ironm
ent a
cros
s the
Com
pany
. It a
lso
revi
ews
the
stat
us
of
com
plia
nce
with
op
erat
ing
syst
ems,
in
tern
al
polic
ies
and
regu
lato
ry r
equi
rem
ents
. Th
e in
tern
al a
udit
repo
rt
is r
egul
arly
rev
iew
ed b
y se
nior
man
agem
ent
and
corr
ectiv
e
mea
sure
s, w
here
ver
requ
ired,
are
im
plem
ente
d im
med
iate
ly.
The
seni
or m
anag
emen
t is
sat
isfie
d th
at t
hese
inte
rnal
con
trol
syst
ems
com
ply
with
the
hig
hest
sta
ndar
ds.
Hum
an R
esou
rce
Man
agem
ent
Radi
co
Khai
tan’
s hu
man
re
sour
ce
man
agem
ent
syst
em
is
gear
ed
tow
ards
cr
eatin
g a
resp
onsi
ve,
cust
omer
-cen
tric
and
mar
ket-
focu
sed
cultu
re
that
en
hanc
es
orga
niza
tiona
l
stre
ngth
and
cap
abili
ties
to le
vera
ge m
arke
t op
port
uniti
es. T
he
Com
pany
und
erta
kes
cont
inuo
us e
ffor
ts t
o em
ploy
and
ret
ain
prof
essi
onal
ly q
ualif
ied,
ded
icat
ed a
nd c
omm
itted
per
sonn
el.
Furt
herm
ore,
ong
oing
em
ploy
ee t
rain
ing
is a
n in
tegr
al p
art
of
our
stra
tegy
to
ensu
re t
he h
ighe
st l
evel
s of
pro
duct
ivity
. Th
is
appr
oach
to
hum
an r
esou
rce
man
agem
ent
has
resu
lted
in
extr
emel
y lo
w a
ttrit
ion
and
refle
cts
the
cons
truc
tive
rela
tions
hip
betw
een
the
Com
pany
an
d its
em
ploy
ees.
Th
e Co
mpa
ny
cont
inue
d to
sig
nific
antly
impr
ove
its p
erfo
rman
ce in
the
are
as
of p
rodu
ctiv
ity a
nd s
afet
y by
mea
ns o
f fo
cuse
d in
itiat
ives
.
Curr
ently
, th
e Co
mpa
ny e
mpl
oys
mor
e th
an 1
,100
per
sonn
el.
Ther
e w
ere
no
finan
cial
or
co
mm
erci
al
tran
sact
ions
th
at
resu
lted
in a
pot
entia
l co
nflic
t of
int
eres
t be
twee
n th
e se
nior
man
agem
ent
and
the
Com
pany
.
Risk
and
Con
side
ratio
n Re
gulatory Env
iron
men
t Th
e hi
gh l
evel
s of
tax
atio
n, s
tric
t re
gula
tions
and
low
pol
icy
flexi
bilit
y m
ake
the
Indi
an s
pirit
s in
dust
ry a
hig
h ris
k in
dust
ry.
Exci
se d
uty
on li
quor
is a
Sta
te le
vy, n
ot a
Cen
tral
levy
and
eac
h
Stat
e co
ntro
ls t
he e
xcis
e du
ty s
truc
ture
. Fur
ther
mor
e, in
ters
tate
sale
of
IMFL
att
ract
s ex
port
dut
y in
the
sta
te o
f m
anuf
actu
re
and
impo
rt d
uty
in t
he s
tate
of
sale
. H
ence
, a
com
pany
nee
ds
to h
ave
a m
anuf
actu
ring
faci
lity
or b
ottli
ng u
nit i
n ea
ch s
tate
to
be a
ble
to m
ake
sale
s in
tha
t st
ate.
Thi
s re
sults
in o
ther
issu
es
such
as
inte
rsta
te s
mug
glin
g an
d co
unte
rfei
ting.
Dis
trib
utio
n
of I
MFL
in I
ndia
is r
egul
ated
in s
ome
stat
es:
70%
of
the
tota
l
volu
mes
are
fro
m t
he s
tate
s w
here
the
dis
trib
utio
n is
thr
ough
Stat
e G
over
nmen
t-co
ntro
lled
agen
cies
and
30%
fro
m s
tate
s
whe
re d
istr
ibut
ion
is t
hrou
gh o
pen
auct
ions
.
Due
to
WTO
com
mitm
ents
, Ce
ntra
l G
over
nmen
t ha
s be
en
cons
iste
ntly
red
ucin
g th
e cu
stom
dut
ies
on B
ottle
d in
Orig
in
spiri
ts (
BIO
). H
owev
er t
his
is c
ount
er b
alan
ced
by t
he S
tate
Gov
ernm
ents
lev
ying
cou
nter
veili
ng d
utie
s on
BIO
pro
duct
s,
thus
off
erin
g so
me
mea
sure
of
prot
ectio
n fo
r th
e do
mes
tic
RAD
ICO
KH
AIT
AN
LIM
ITED
32A
NN
UA
L RE
PORT
201
2-13
33
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Com
pany
. The
ten
tativ
e an
nual
cal
enda
r of
Boa
rd M
eetin
gs fo
r
the
ensu
ing
year
is d
ecid
ed w
ell i
n ad
vanc
e by
the
Boa
rd a
nd is
publ
ishe
d as
par
t of
the
Ann
ual R
epor
t.
All
the
Dire
ctor
s ha
ve in
form
ed th
e Co
mpa
ny p
erio
dica
lly a
bout
thei
r D
irect
orsh
ip a
nd M
embe
rshi
p on
the
Boa
rd /
Com
mitt
ees
of o
ther
com
pani
es. A
s pe
r dis
clos
ure
rece
ived
from
Dire
ctor
(s),
none
of
the
Dire
ctor
s ho
lds
Mem
bers
hip
in m
ore
than
ten
(10)
Co
mm
ittee
s an
d Ch
airm
ansh
ip
in
mor
e th
an
five
(5)
Com
mitt
ees.
The
deta
ils o
f th
e co
mpo
sitio
n, n
atur
e of
Dire
ctor
ship
, the
num
ber
of m
eetin
gs a
tten
ded
and
the
dire
ctor
ship
s in
oth
er c
ompa
nies
of t
he D
irect
ors
of t
he C
ompa
ny a
re d
etai
led
belo
w.
This
tab
le a
lso
sign
ifies
the
rel
atio
nshi
p of
the
Dire
ctor
s w
ith e
ach
othe
r as
requ
ired
to b
e di
sclo
sed
in t
erm
s of
Cla
use
49 o
f th
e Li
stin
g A
gree
men
t:
Notes:
(*)
Excl
udes
dire
ctor
ship
and
com
mitt
ee m
embe
rshi
p in
Rad
ico
Khai
tan
Lim
ited.
A
lso
excl
udes
dire
ctor
ship
in P
rivat
e Li
mite
d
Com
pani
es, f
orei
gn C
ompa
nies
and
alte
rnat
e di
rect
orsh
ips.
(**)
Fo
r the
pur
pose
of c
onsi
derin
g th
e lim
it of
the
Com
mitt
ee M
embe
rshi
ps a
nd C
hairm
ansh
ips o
f a D
irect
or, t
he A
udit
Com
mitt
ee
and
the
Shar
ehol
ders
/ In
vest
ors
Grie
vanc
e Co
mm
ittee
of
Publ
ic L
imite
d Co
mpa
nies
hav
e be
en c
onsi
dere
d.
Nam
e of the
Direc
tor
Nature of
Direc
torship
Relation
ship
with ea
ch
othe
r
Atten
dan
ceDirec
torship
in other
Com
pan
ies
(*)
Mem
bersh
ip and
Cha
irman
ship of
the Com
mittees of the Bo
ard of
othe
r Com
pan
ies
(**)
At the Bo
ard
Mee
ting
sAt the
last AGM
Com
mittee
Mem
ber
Com
mittee
Cha
irman
Dr.
Lal
it Kh
aita
nCh
airm
an &
M
anag
ing
Dire
ctor
Fath
er o
f
M
r. A
bhis
hek
Khai
tan
4N
o-
--
Mr.
Abh
ishe
k Kh
aita
nM
anag
ing
Dire
ctor
Son
of D
r. L
alit
Khai
tan
4N
o-
--
Mr.
K.P
. Sin
ghW
hole
Tim
e D
irect
orN
ot r
elat
ed
to a
ny o
f th
e D
irect
ors
2Ye
s1
--
Mr.
K.S
. Meh
taN
on-e
xecu
tive
/ In
depe
nden
tN
ot r
elat
ed
to a
ny o
f th
e D
irect
ors
3N
o2
--
Dr.
Rag
hupa
ti Si
ngha
nia
Non
-exe
cutiv
e /
Inde
pend
ent
Not
rel
ated
to
any
of
the
Dire
ctor
s
4N
o8
11
Mr.
Ash
utos
h Pa
tra
Non
-exe
cutiv
e /
Inde
pend
ent
Not
rel
ated
to
any
of
the
Dire
ctor
s
4N
o-
--
Mr.
Mah
endr
a Ku
mar
Doo
gar
Non
-exe
cutiv
e /
Inde
pend
ent
Not
rel
ated
to
any
of
the
Dire
ctor
s
4Ye
s7
-2
Com
pany
’s
Philo
soph
y on
Co
rpor
ate
Gov
erna
nce:
Your
Com
pany
is c
omm
itted
to
soun
d pr
inci
ples
of
Corp
orat
e
Gov
erna
nce
with
res
pect
to
all
its p
roce
dure
s, p
olic
ies
and
prac
tices
. Si
nce
ince
ptio
n,
Radi
co
has
incu
lcat
ed
a st
rong
cultu
re o
f va
lues
, et
hics
and
int
egrit
y.
Radi
co s
triv
es t
o be
a
relia
ble
and
trus
ted
orga
niza
tion
in b
uild
ing
and
mai
ntai
ning
rela
tions
hips
with
sha
reho
lder
s, le
nder
s, e
mpl
oyee
s an
d pu
blic
at la
rge.
Und
er g
ood
Corp
orat
e G
over
nanc
e w
e ar
e co
mm
itted
to e
nsur
e th
at a
ll fu
nctio
ns o
f th
e Co
mpa
ny a
re d
isch
arge
d in
a pr
ofes
sion
ally
sou
nd, a
ccou
ntab
le a
nd c
ompe
tent
man
ner.
The
gove
rnan
ce
proc
esse
s an
d sy
stem
s of
yo
ur
Com
pany
have
str
engt
hene
d ov
er a
per
iod
of t
ime
resu
lting
in c
onst
ant
impr
ovis
atio
n of
su
stai
nabl
e an
d pr
ofita
ble
grow
th.
In
addi
tion
to
com
plyi
ng
with
th
e st
atut
ory
requ
irem
ents
,
effe
ctiv
e go
vern
ance
sys
tem
s an
d pr
actic
es t
owar
ds im
prov
ing
tran
spar
ency
, di
sclo
sure
s, i
nter
nal
cont
rols
and
pro
mot
ion
of
ethi
cs a
t w
ork
plac
e ha
ve b
een
inst
itutio
naliz
ed.
The
Boar
d of
D
irect
ors
belie
ves
in
upho
ldin
g th
e hi
ghes
t
stan
dard
s of a
ccou
ntab
ility
and
act
ivel
y pa
rtic
ipat
e in
ove
rsee
ing
risks
an
d st
rate
gic
man
agem
ent.
Th
e Bo
ard
fully
su
ppor
ts
and
endo
rses
cor
pora
te g
over
nanc
e pr
actic
es i
n ac
cord
ance
with
the
pro
visi
ons
of C
laus
e 49
of
the
listin
g ag
reem
ent.
The
Com
pany
has
com
plie
d w
ith t
he r
equi
rem
ents
of
the
said
Cla
use
and
liste
d be
low
is
the
stat
us w
ith r
egar
d to
the
sam
e.
Boar
d of
Dire
ctor
s:Com
pos
ition:
As
on d
ate,
the
Boa
rd o
f D
irect
ors
com
pris
es o
f se
ven
(7)
Dire
ctor
s of
whi
ch f
our
(4)
are
Non
-Exe
cutiv
e /
Inde
pend
ent
Dire
ctor
s, o
ne (
1) is
Cha
irman
& M
anag
ing
Dire
ctor
, on
e (1
) is
Man
agin
g D
irect
or a
nd o
ne (
1) is
Who
le T
ime
Dire
ctor
of
the
Com
pany
. Th
e co
mpo
sitio
n of
the
Boa
rd is
in c
onfo
rmity
with
Clau
se 4
9 of
the
Lis
ting
Agr
eem
ent.
The
deta
ils o
f th
e D
irect
ors
bein
g re
-app
oint
ed o
n re
tirem
ent
by ro
tatio
n at
the
ensu
ing
Ann
ual G
ener
al M
eetin
g, a
s re
quire
d
purs
uant
to
Clau
se 4
9(IV
) (G
) of
the
Lis
ting
Agr
eem
ent,
are
men
tione
d in
th
e N
otic
e to
th
e A
nnua
l G
ener
al
Mee
ting,
form
ing
part
of
the
Repo
rt.
Num
ber of Bo
ard M
eeting
s:D
urin
g th
e fin
anci
al y
ear
ende
d 31
st M
arch
, 20
13,
four
(4)
mee
tings
of t
he B
oard
of D
irect
ors
wer
e he
ld a
nd th
e m
axim
um
time
gap
betw
een
two
(2)
mee
tings
did
not
exc
eed
four
(4)
mon
ths.
The
dat
es o
n w
hich
the
Boa
rd M
eetin
gs h
eld
wer
e as
follo
ws:
Date (s) on
which
mee
ting
(s) were he
ld30
th M
ay, 2
012
31st
Jul
y 20
12
7th
Nov
embe
r 20
12
8th
Febr
uary
201
3
The
Boar
d m
eets
at l
east
onc
e in
a q
uart
er to
revi
ew th
e qu
arte
rly
finan
cial
res
ults
and
ope
ratio
ns o
f th
e Co
mpa
ny.
In a
dditi
on
to t
he a
bove
, th
e Bo
ard
also
mee
ts a
s an
d w
hen
nece
ssar
y
to d
elib
erat
e on
var
ious
iss
ues
rela
ting
to t
he b
usin
ess
of t
he
REPO
RT
ON
C
OR
PO
RAT
E
GO
VER
NA
NC
E
RAD
ICO
KH
AIT
AN
LIM
ITED
34A
NN
UA
L RE
PORT
201
2-13
35
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
The
Aud
it Co
mm
ittee
invi
tes
the
CFO
, th
e Co
mpa
ny S
ecre
tary
,
Stat
utor
y A
udito
r(s)
and
Inte
rnal
Aud
itor
and
Cost
Aud
itors
to
atte
nd t
he m
eetin
gs o
f th
e A
udit
Com
mitt
ee.
The
Com
pany
Secr
etar
y ac
ts a
s Se
cret
ary
to t
he C
omm
ittee
. Th
e m
inut
es o
f
each
Aud
it Co
mm
ittee
mee
ting
are
plac
ed a
nd d
iscu
ssed
at t
he
next
mee
ting
of t
he B
oard
.
The
scop
e of
act
iviti
es a
nd t
erm
s of
ref
eren
ce o
f th
e A
udit
Com
mitt
ee is
as
set
out
in C
laus
e 49
of
the
List
ing
Agr
eem
ent
read
with
Sec
tion
292A
of
the
Com
pani
es A
ct, 1
956.
The
deta
ils a
s to
the
dat
e(s)
on
whi
ch t
he m
eetin
gs w
ere
held
and
atte
ndan
ce o
f the
Com
mitt
ee m
embe
rs d
urin
g th
e fin
anci
al
year
end
ed 3
1st
Mar
ch, 2
013
are
as f
ollo
ws:
Date(s) on which
the
mee
ting
(s) were he
ld
30th
May
, 201
2 31
st J
uly
2012
7th
Nov
embe
r 20
12
8th
Febr
uary
201
3
Nam
eMee
ting
details
Held
Atten
ded
Mr.
Mah
endr
a Ku
mar
Doo
gar
44
Dr.
Rag
hupa
ti Si
ngha
nia
44
Mr.
Ash
utos
h Pa
tra
44
The
role o
f the
Aud
it C
ommittee
inter alia inc
ludes the
follo
wing:
1.
Ove
rsee
ing
the
Com
pany
’s f
inan
cial
rep
ortin
g pr
oces
s an
d
the
disc
losu
re o
f its
fina
ncia
l inf
orm
atio
n to
ens
ure
that
the
finan
cial
sta
tem
ents
are
cor
rect
, suf
ficie
nt a
nd c
redi
ble.
2.
Reco
mm
endi
ng
to
the
Boar
d,
the
appo
intm
ent,
re
-
appo
intm
ent
and,
if r
equi
red,
the
rep
lace
men
t or
rem
oval
of t
he s
tatu
tory
aud
itor,
fix
ing
of a
udit
fees
and
app
rovi
ng
paym
ents
for
any
oth
er s
ervi
ce.
3.
Reco
mm
endi
ng to
the
Boar
d of
Dire
ctor
s, th
e ap
poin
tmen
t
of C
ost
Aud
itor
for
the
Com
pany
.
4.
Revi
ewin
g, w
ith t
he m
anag
emen
t, t
he a
nnua
l fin
anci
al
stat
emen
ts b
efor
e su
bmis
sion
to
the
Boar
d fo
r ap
prov
al,
with
par
ticul
ar r
efer
ence
to:
a.
M
atte
rs
requ
ired
to
be
incl
uded
in
th
e D
irect
ors’
Resp
onsi
bilit
y St
atem
ent
to b
e in
clud
ed in
the
Boa
rd’s
repo
rt a
s pe
r Se
ctio
n 21
7(2A
A)
of t
he C
ompa
nies
Act
,
1956
;
b.
Ch
ange
s in
the
Acc
ount
ing
polic
ies
and
prac
tices
and
the
reas
ons
for
the
sam
e, m
ajor
acc
ount
ing
entr
ies
and
sign
ifica
nt
adju
stm
ents
m
ade
in
the
finan
cial
stat
emen
ts a
risin
g ou
t of
aud
it fin
ding
s;
c
. Co
mpl
ianc
e w
ith l
istin
g an
d ot
her
lega
l re
quire
men
ts
rela
ting
to f
inan
cial
sta
tem
ents
;
d.
D
iscl
osur
e of
any
rel
ated
par
ty t
rans
actio
ns; a
nd
e.
Q
ualif
icat
ions
in t
he d
raft
aud
it re
port
, if
any.
5.
Revi
ewin
g w
ith m
anag
emen
t qu
arte
rly,
half-
year
ly,
nine
-
mon
ths
and
annu
al f
inan
cial
sta
tem
ents
, st
anda
lone
as
wel
l as
con
solid
ated
bef
ore
subm
issi
on t
o th
e Bo
ard
for
appr
oval
.
6.
Revi
ewin
g w
ith t
he m
anag
emen
t pe
rfor
man
ce o
f sta
tuto
ry
and
inte
rnal
aud
itors
.
7.
Dis
cuss
ion
with
the
int
erna
l au
dito
rs o
n an
y si
gnifi
cant
findi
ngs
and
follo
w-u
p th
ereo
n.
8.
Dis
cuss
ion
with
the
sta
tuto
ry a
udito
rs b
efor
e th
e au
dit
com
men
ces,
abo
ut t
he n
atur
e an
d sc
ope
of a
udit
as w
ell
as p
ost-
audi
t di
scus
sion
to
asce
rtai
n an
y ar
ea o
f co
ncer
n.
9.
Revi
ewin
g re
port
s fu
rnis
hed
by t
he i
nter
nal
audi
tors
and
stat
utor
y au
dito
rs a
nd e
nsur
ing
suita
ble
follo
w-u
p th
ereo
n.
10.
Revi
ewin
g th
e Co
mpa
ny’s
fin
anci
al a
nd r
isk
man
agem
ent
polic
ies.
11.
Revi
ewin
g w
ith
the
man
agem
ent
and
the
Stat
utor
y
Aud
itors
ant
icip
ated
cha
nges
in th
e A
ccou
ntin
g St
anda
rds.
12.
Revi
ew o
f th
e W
hist
le B
low
er m
echa
nism
of
the
Com
pany
as p
er t
he W
hist
le B
low
er P
olic
y; a
nd
13.
Any
oth
er m
atte
r re
ferr
ed t
o by
the
Boa
rd o
f D
irect
ors.
The
Com
pany
ha
s an
in
tern
al
audi
t te
am,
head
ed
by
Mr.
M
ukes
h A
garw
al,
who
re
port
s to
th
e Ch
ief
Fina
ncia
l
Off
icer
and
the
Aud
it Co
mm
ittee
. Fr
om t
ime
to t
ime,
the
Com
pany
’s a
dequ
acy
of i
nter
nal
cont
rols
cov
erin
g fin
anci
al,
oper
atio
nal,
com
plia
nce,
IT
appl
icat
ions
, et
c.,
are
revi
ewed
by
the
Inte
rnal
Aud
it D
epar
tmen
t an
d pr
esen
tatio
ns a
re m
ade
to
the
Aud
it Co
mm
ittee
on
the
findi
ngs
of s
uch
revi
ews.
The
Aud
it
Com
mitt
ee,
inte
r al
ia,
revi
ews
the
adeq
uacy
of
inte
rnal
aud
it
func
tion
and
the
inte
rnal
aud
it re
port
s in
clud
ing
thos
e re
late
d
to in
tern
al c
ontr
ol w
eakn
esse
s.
Nom
inat
ion
Com
mitt
ee
AKA
Re
mun
erat
ion
Com
mitt
ee:
Com
pos
ition an
d terms of referen
ce:
As
on d
ate,
the
Rem
uner
atio
n Co
mm
ittee
com
pris
es o
f thr
ee (3
)
Dire
ctor
s, vi
z., D
r. La
lit K
haita
n, M
r. K
.S. M
ehta
and
Mr.
Ash
utos
h
Patr
a. T
he C
omm
ittee
’s t
erm
s of
ref
eren
ce i
nclu
des
revi
ewin
g
and
reco
mm
endi
ng t
o th
e Bo
ard
the
sala
ry, c
omm
issi
on, o
ther
bene
fits,
ser
vice
agr
eem
ents
and
em
ploy
men
t co
nditi
ons
of
the
Who
le-t
ime
and
the
Man
agin
g D
irect
ors
and
to a
ppro
ve
Com
mitt
ees
of t
he B
oard
:Cu
rren
tly,
ther
e ar
e fiv
e (5
) Co
mm
ittee
s of
the
Boa
rd,
nam
ely:
Aud
it Co
mm
ittee
, N
omin
atio
n A
KA R
emun
erat
ion
Com
mitt
ee,
Shar
ehol
ders
’ /
Inve
stor
s’
Grie
vanc
es
Com
mitt
ee,
ESO
P
Com
pens
atio
n Co
mm
ittee
and
Fin
ance
Com
mitt
ee.
The
Boar
d
deci
des
the
term
s of
ref
eren
ce f
or t
hese
Com
mitt
ees.
The
min
utes
of
the
mee
tings
of
the
Com
mitt
ees
are
plac
ed b
efor
e
the
Boar
d fo
r in
form
atio
n. T
he d
etai
ls a
s to
the
com
posi
tion,
term
s of r
efer
ence
, num
ber o
f mee
tings
and
rela
ted
atte
ndan
ce,
etc.
, of
thes
e Co
mm
ittee
s ar
e pr
ovid
ed h
ereu
nder
.
Aud
it Co
mm
ittee
:Com
pos
ition an
d terms of referen
ceA
s on
da
te,
the
Aud
it Co
mm
ittee
co
mpr
ises
of
th
ree
(3)
Inde
pend
ent
, N
on-e
xecu
tive
Dire
ctor
s.
The
mem
bers
of
the
Aud
it Co
mm
ittee
are
Mr.
Mah
endr
a Ku
mar
Doo
gar,
Dr.
Ragh
upat
i Sin
ghan
ia a
nd M
r. A
shut
osh
Patr
a.
Mr.
Mah
endr
a
Kum
ar D
ooga
r and
Dr.
Rag
hupa
ti Si
ngha
nia
shal
l be
cons
ider
ed
to
be
pers
ons
havi
ng
Acc
ount
ing
or
rela
ted
Fina
ncia
l
Man
agem
ent
expe
rtis
e an
d M
r. A
shut
osh
Patr
a be
ing
a Le
gal
expe
rt, s
hall
be c
onsi
dere
d as
fin
anci
ally
lite
rate
.
Reap
pointmen
t of D
irec
tors retiring by rotation
:M
r. A
shut
osh
Patr
a an
d M
r. K
.P. S
ingh
retir
e by
rota
tion
at th
e en
suin
g A
nnua
l Gen
eral
Mee
ting
of th
e Co
mpa
ny a
nd b
eing
elig
ible
offe
rs t
hem
selv
es f
or r
eapp
oint
men
t.
A b
rief r
esum
e of
Dire
ctor
s se
ekin
g ap
poin
tmen
t / r
e-ap
poin
tmen
t in
the
fort
hcom
ing
AG
M in
ter
ms
of C
laus
e 49
(IV) (
G) o
f Lis
ting
Agr
eem
ent
is g
iven
bel
ow:
Nam
eMr. Ash
utos
h Pa
tra
Mr. K.P. S
ingh
Dat
e of
Birt
h 15
.03.
1946
01.0
1.19
52
Dat
e of
App
oint
men
t28
.01.
2003
28.0
1.20
03
Expe
rtis
e in
spe
cial
fun
ctio
nal a
reas
Lega
l exp
ert
with
mor
e th
an 4
0 ye
ars
of e
xper
ienc
e
Qua
lifie
d te
chno
crat
with
ove
r 34
yea
rs
of e
xper
ienc
e in
the
liqu
or in
dust
ry
Qua
lific
atio
nsM
A, L
LMB.
Sc. &
DIF
AT
List
of
outs
ide
dire
ctor
ship
as
on 3
1st
Mar
ch, 2
013
Nil
Radi
co N
V D
istil
lerie
s M
ahar
asht
ra L
td.
Chai
rman
/ M
embe
r of
the
Com
mitt
ee o
f
othe
r co
mpa
nies
as
on 3
1st
Mar
ch, 2
013
Nil
Nil
No.
of
shar
es h
eld
Nil
391
Tenu
re:
The
non-
exec
utiv
e di
rect
ors
of th
e Co
mpa
ny a
nd M
r. K
.P. S
ingh
are
liabl
e to
ret
ire b
y ro
tatio
n. O
ne-t
hird
of
the
said
dire
ctor
s
are
liabl
e to
retir
e ev
ery
year
and
if e
ligib
le, o
ffer
the
mse
lves
for
re-a
ppoi
ntm
ent.
BOA
RD P
ROCE
DU
RES:
The
Boar
d M
eetin
gs a
re g
over
ned
by a
str
uctu
red
Age
nda.
The
Age
nda
alon
g w
ith c
ompr
ehen
sive
not
es a
nd b
ackg
roun
d
mat
eria
l are
circ
ulat
ed w
ell i
n ad
vanc
e be
fore
eac
h m
eetin
g to
all t
he D
irect
ors
for f
acili
tatin
g ef
fect
ive
disc
ussi
on a
nd d
ecis
ion
mak
ing.
The
Boa
rd m
embe
rs m
ay b
ring
up a
ny m
atte
r fo
r
cons
ider
atio
n of
the
Boa
rd, i
n co
nsul
tatio
n w
ith t
he C
hairm
an.
The
info
rmat
ion
as s
peci
fied
in A
nnex
ure
IA t
o th
e Cl
ause
49
of
the
List
ing
Agr
eem
ent
is r
egul
arly
mad
e av
aila
ble
to t
he B
oard
.
Pres
enta
tions
are
mad
e by
the
Cha
irman
& M
anag
ing
Dire
ctor
,
Man
agin
g D
irect
or
and
the
Seni
or
Man
agem
ent
on
the
Com
pany
’s p
erfo
rman
ce,
oper
atio
ns,
plan
s an
d ot
her
mat
ters
on a
per
iodi
c ba
sis.
The
pro
ceed
ings
of
the
mee
tings
of
the
Boar
d an
d its
Com
mitt
ees
are
reco
rded
in t
he fo
rm o
f min
utes
,
whi
ch a
re c
ircul
ated
to
the
Boar
d fo
r pe
rusa
l. Th
e im
port
ant
deci
sion
s ta
ken
at
the
Boar
d /
Com
mitt
ee
mee
tings
ar
e
com
mun
icat
ed t
o th
e co
ncer
ned
depa
rtm
ents
/ di
visi
ons.
The
Boar
d ha
s co
mpl
ete
acce
ss t
o an
y in
form
atio
n w
ithin
the
Com
pany
whi
ch a
s sp
ecifi
ed in
Ann
exur
e IA
to th
e Cl
ause
49
of
the
List
ing
Agr
eem
ent:
Pecu
niary relations
hips o
f trans
action
w
ith
the
Com
pan
y o
f Non
-exe
cutive
direc
tors:
The
Non
-exe
cutiv
e di
rect
ors
had
no p
ecun
iary
rel
atio
nshi
p or
tran
sact
ions
with
the
Com
pany
in th
eir p
erso
nal c
apac
ity d
urin
g
the
finan
cial
yea
r 20
12-2
013.
RAD
ICO
KH
AIT
AN
LIM
ITED
36A
NN
UA
L RE
PORT
201
2-13
37
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Date(s) on which
the
mee
ting
(s) were he
ld
30th
May
, 201
2 31
st J
uly
2012
7th
Nov
embe
r 20
12
8th
Febr
uary
201
3
Nam
eMee
ting
details
Held
Atten
ded
Mr.
Mah
endr
a Ku
mar
Doo
gar
44
Mr.
K. P
. Sin
gh
42
Mr.
Ash
utos
h Pa
tra
44
The
term
s of
refe
renc
e of
the
Com
mitt
ee in
clud
e th
e fo
llow
ing:
1.
To s
peci
fical
ly l
ook
into
que
ries
and
com
plai
nts
rece
ived
from
the
sha
reho
lder
s of
the
Com
pany
,
2.
To o
vers
ee t
he p
erfo
rman
ce o
f th
e Re
gist
rar
and
Tran
sfer
Age
nt o
f th
e Co
mpa
ny a
nd
3.
To r
ecom
men
d m
easu
res
for
over
all
impr
ovem
ent
in t
he
qual
ity o
f se
rvic
es t
o th
e in
vest
ors.
Nam
e an
d designa
tion
of the Com
plia
nce Officer:
Mr.
Am
it M
anch
anda
Gro
up H
ead
- Le
gal &
Com
pany
Sec
reta
ry
Radi
co K
haita
n Li
mite
d
Plot
No.
J-1
, Bl
ock
B-1,
Moh
an C
o-op
erat
ive
Indu
stria
l A
rea,
Mat
hura
Roa
d, N
ew D
elhi
– 1
10 0
44.
Tel.
Nos
.409
7540
0/44
4/50
0/55
5, F
ax N
os.4
1678
841-
42
Emai
l: in
fo@
radi
co.c
o.in
Det
ails
per
tain
ing
to t
he n
umbe
r of
com
plai
nts
rece
ived
and
resp
onde
d an
d th
e st
atus
the
reof
dur
ing
the
finan
cial
yea
r
ende
d 31
st M
arch
, 201
3 ar
e gi
ven
as f
ollo
ws:
Nature of Com
plaints
Rece
ived
during
the ye
ar
Non
-rec
eipt
of
Div
iden
d w
arra
nts
680
Non
-rec
eipt
of
Shar
e Ce
rtifi
cate
(s)
lodg
ed f
or t
rans
fer
/ spl
ittin
g of
the
sh
are
cert
ifica
tes
etc.
93
Lett
ers
rece
ived
fro
m S
tock
Ex
chan
ge(s
) / S
EBI
10
Oth
ers/
Mis
cella
neou
s 50
Tota
l83
3
All
the
afor
esai
d co
mpl
aint
s w
ere
resp
onde
d to
by
the
Com
pany
appr
opria
tely
and
ther
e w
ere
no p
endi
ng c
ompl
aint
s at
the
end
of t
he f
inan
cial
yea
r 20
12-1
3.
All
the
requ
ests
, qu
erie
s an
d co
mpl
aint
s re
ceiv
ed d
urin
g th
e
finan
cial
yea
r en
ded
31st
Mar
ch,
2013
, w
ere
duly
add
ress
ed
and
no q
uerie
s ar
e pe
ndin
g fo
r re
solu
tion
on t
hat
date
.
The
Com
pany
pro
vide
d Sh
areh
olde
r se
rvic
es i
n th
e fo
llow
ing
time
fram
e:
Sl.
No.
Nature of Q
uery
No. of day
s for dispos
al
1.Sh
are
Tran
sfer
s15
day
s
2.D
emat
of
Shar
es15
day
s
3.D
ivid
end
reva
lidat
ion
/ iss
ue o
f D
ivid
end
Dra
fts
7 da
ys
4.Ch
ange
of
Add
ress
/ Ban
k M
anda
te2
days
5.G
ener
al q
uerie
s2
days
ESO
P /
Empl
oyee
s Co
mpe
nsat
ion
Com
mitt
ee
(Non
Man
dato
ry):
Com
pos
ition an
d terms of referen
ce:
As
on d
ate,
the
ESO
P /
Empl
oyee
s Co
mpe
nsat
ion
Com
mitt
ee
com
pris
es o
f thr
ee (3
) Dire
ctor
s. T
he m
embe
rs o
f the
Com
mitt
ee
are
Mr.
Ash
utos
h Pa
tra,
Mr.
K.S
. Meh
ta a
nd M
r. K
.P. S
ingh
.
Dur
ing
the
finan
cial
yea
r th
e Co
mm
ittee
met
fou
r (4
) tim
es o
n
30.5
.201
2, 3
1.7.
2012
, 7.1
1.20
12 a
nd 8
.2.2
013.
The
term
of
refe
renc
e of
the
Com
mitt
ee in
clud
es a
llotm
ent
of
ESO
P, c
onsi
derin
g ch
ange
in
ESO
P sc
hem
e &
fra
min
g po
licy
with
reg
ard
to E
SOP
sche
me.
Fina
nce Com
mittee (N
on M
andatory):
Com
pos
ition an
d terms of referen
ce:
As
on d
ate,
the
Fin
ance
Com
mitt
ee c
ompr
ises
of
thre
e (3
)
Dire
ctor
s. T
he m
embe
rs o
f th
e Fi
nanc
e Co
mm
ittee
are
Mr.
Abh
ishe
k Kh
aita
n, M
r. K
.P. S
ingh
and
Mr.
Ash
utos
h Pa
tra.
Dur
ing
the
finan
cial
yea
r th
e Co
mm
ittee
met
fou
r (4
) tim
es o
n
30.5
.201
2, 3
1.7.
2012
, 7.1
1.20
12 a
nd 8
.2.2
013
The
Com
mitt
ees
term
s of
ref
eren
ce i
nclu
des
rais
ing
of l
oans
from
Ban
ks,
Fina
ncia
l Ins
titut
ions
, N
BFCs
or
any
othe
r en
titie
s
and
eval
uatio
n of
ter
ms
of f
inan
ce.
Subsidiary Com
pan
ies:
Dur
ing
the
year
und
er r
evie
w,
the
Com
pany
inc
orpo
rate
d a
Com
pany
in M
aurit
ius
with
the
inte
ntio
n to
mak
e it
a su
bsid
iary
for
inve
stm
ent
in A
ngol
a.
How
ever
, du
e to
som
e ch
ange
s in
loca
l lev
el a
t A
ngol
a, t
he s
hare
s w
ere
not
subs
crib
ed.
the
sele
ctio
n, a
ppoi
ntm
ent
and
rem
uner
atio
n of
rel
ativ
es o
f
Dire
ctor
s fo
r ho
ldin
g an
off
ice
or p
lace
of
prof
it pu
rsua
nt t
o
Sect
ion
314
of t
he C
ompa
nies
Act
, 195
6.
The
deta
ils o
f th
e da
tes
on w
hich
the
mee
tings
wer
e he
ld a
nd
the
atte
ndan
ce o
f the
Com
mitt
ee m
embe
rs d
urin
g th
e fin
anci
al
year
end
ed 3
1st
Mar
ch, 2
013
are
as f
ollo
ws:
Date on
which
the
mee
ting
were he
ld
8th
Febr
uary
201
3
Nam
eMee
ting
details
Held
Atten
ded
Dr.
Lal
it Kh
aita
n1
1
Mr.
K.S
. Meh
ta1
1
Mr.
Ash
utos
h Pa
tra
11
Mr.
Am
it M
anch
anda
, Gro
up H
ead
– Le
gal &
Com
pany
Sec
reta
ry
acts
as
the
Secr
etar
y to
the
Com
mitt
ee.
The
Com
mitt
ee t
ook
up t
he p
ropo
sal
for
re-a
ppoi
ntm
ent
of
Chai
rman
& M
anag
ing
Dire
ctor
, Man
agin
g D
irect
or a
nd W
hole
Tim
e D
irect
or in
the
mee
ting
held
on
8th
Febr
uary
201
3.
The
Rem
uner
atio
n Co
mm
ittee
dec
ides
the
rem
uner
atio
n pa
yabl
e
to t
he C
hairm
an &
Man
agin
g D
irect
or,
Man
agin
g D
irect
or
and
Who
le T
ime
Dire
ctor
, co
nsid
erin
g th
e pe
rfor
man
ce o
f th
e
Com
pany
and
the
ir ac
hiev
emen
ts a
gain
st o
bjec
tives
as
set
out
by t
he R
emun
erat
ion
Com
mitt
ee a
nd a
ppro
ved
by t
he B
oard
and
indu
stry
sta
ndar
ds.
The
rem
uner
atio
n st
ruct
ure
com
pris
es
of s
alar
y, p
erqu
isite
s, c
omm
issi
on,
etc.
Ann
ual i
ncre
men
ts a
re
deci
ded
by t
he R
emun
erat
ion
Com
mitt
ee a
nd r
ecom
men
d to
the
Boar
d, w
ithin
the
lim
its m
entio
ned
in t
he c
ontr
act
and
as
appr
oved
by
the
shar
ehol
ders
. No
seve
ranc
e is
pay
able
to
them
on t
erm
inat
ion
of e
mpl
oym
ent.
Non
exe
cutiv
e di
rect
ors
wer
e pa
id s
ittin
g fe
es o
f Rs
.15,
000/
- fo
r at
tend
ing
each
mee
tings
of
the
Boar
d an
d Rs
.10,
000/
- fo
r
Com
mitt
ees
ther
eof
and
reim
burs
emen
t of
loca
l con
veya
nce.
Non
exe
cutiv
e di
rect
ors
wer
e no
t pa
id a
ny a
mou
nt b
y w
ay o
f sa
lary
, per
quis
ites
and
othe
r be
nefit
s in
clud
ing
stoc
k op
tions
exc
ept
the
abov
e m
entio
ned
sitt
ing
fees
.
Details of remun
eration to all the direc
tors in
the
finan
cial yea
r 20
12-201
3:Ex
ecutive Direc
tors: -
(Rs.
in la
cs)
Sl. N
o.Nam
e of direc
tor
Salary
Com
mission
Perq
uisites an
d
allowan
ces
Retiral
ben
efits*
No. of Stoc
k op
tion
s Te
nure
1.D
r. L
alit
Khai
tan
125.
00N
IL26
.72
32.4
0N
IL5
Year
s
2.M
r. A
bhis
hek
Khai
tan
100.
00N
IL20
.58
25.9
2N
IL5
Year
s
3.M
r. K
.P. S
ingh
78.1
3N
IL1.
564
9.21
NIL
5 Ye
ars
* Co
ntrib
utio
ns t
o Pr
ovid
ent
Fund
and
Sup
eran
nuat
ion
Fund
.
Non
Exe
cutive
Direc
tors:
Sl. N
o.Nam
eSitting Fe
es (in Rs.)
1.M
r. K
.S. M
ehta
85,0
00/-
2.M
r. A
shut
osh
Patr
a1,
90,0
00/-
3.D
r. R
aghu
pati
Sing
hani
a1,
00,0
00/-
4.M
r. M
ahen
dra
Kum
ar D
ooga
r1,
40,0
00/-
Shar
ehol
ders
’ / In
vest
ors’
Grie
vanc
es C
omm
ittee
: Th
e Bo
ard
of D
irect
ors
of t
he C
ompa
ny h
as c
onst
itute
d th
e Sh
areh
olde
rs’
/ In
vest
ors’
Grie
vanc
e Co
mm
ittee
whi
ch is
cha
ired
by a
Non
-Exe
cutiv
e D
irect
or/In
depe
nden
t D
irect
or t
o sp
ecifi
cally
look
into
the
red
ress
al o
f sh
areh
olde
rs q
uerie
s an
d co
mpl
aint
s.
The
deta
ils a
s to
the
com
posi
tion
of t
he S
hare
hold
ers,
/ In
vest
ors’
Grie
vanc
e Co
mm
ittee
, dat
e(s)
on
whi
ch t
he m
eetin
gs w
ere
held
and
the
atte
ndan
ce o
f th
e m
embe
rs o
f th
e Co
mm
ittee
dur
ing
the
finan
cial
yea
r en
ded
31st
Mar
ch, 2
013
are
as f
ollo
ws:
RAD
ICO
KH
AIT
AN
LIM
ITED
38A
NN
UA
L RE
PORT
201
2-13
39
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Man
agem
ent
Pers
onne
l of
the
Com
pany
in a
ccor
danc
e
with
the
requ
irem
ent u
nder
Cla
use
49(I)
(D) o
f the
Lis
ting
Agr
eem
ent.
The
Cod
e of
Con
duct
has
bee
n po
sted
on
the
web
site
of
the
Com
pany
ww
w.r
adic
okha
itan.
com
.
All
the
Boar
d M
embe
rs a
nd t
he S
enio
r M
anag
emen
t
Pers
onne
l ha
ve
affir
med
th
eir
com
plia
nce
with
th
e
said
Cod
e of
Con
duct
for
the
fin
anci
al y
ear
ende
d 31
st
Mar
ch, 2
013.
e) U
nclaim
ed Sus
pen
se Accou
nt:
The
Com
pany
has
tran
sfer
red
3727
unc
laim
ed s
hare
s to
the
uncl
aim
ed s
uspe
nse
acco
unt.
D
etai
ls a
re g
iven
as
unde
r:
(i)
O
utst
andi
ng s
hare
s ly
ing
in t
he u
ncla
imed
sus
pens
e
acco
unt
at t
he b
egin
ning
of
the
year
: 884
354.
(ii
) N
umbe
r of
sha
reho
lder
s w
ho a
ppro
ache
d th
e i
ssue
r
for
tran
sfer
of
shar
es f
rom
the
Unc
laim
ed S
uspe
nse
Acc
ount
dur
ing
the
year
: 12
(ii
i) N
umbe
r of
sh
areh
olde
rs
to
who
m
shar
es
wer
e
tran
sfer
red
from
th
e un
clai
med
su
spen
se
acco
unt
durin
g th
e ye
ar: 1
2
(iv
) A
ggre
gate
num
ber o
f sha
reho
lder
s an
d th
e ou
tsta
ndin
g
shar
es ly
ing
in t
he u
ncla
imed
sus
pens
e ac
coun
t at
the
end
of t
he y
ear:
880
627.
At
the
begi
nnin
g of
the
fin
anci
al y
ear,
the
re w
as n
o
inve
stor
com
plai
nt t
hat
was
unr
esol
ved.
Dur
ing
the
year
, th
e Co
mpa
ny r
ecei
ved
10 i
nves
tor
com
plai
nts,
all
of w
hich
wer
e re
solv
ed a
nd a
s su
ch t
here
was
no
unre
solv
ed in
vest
or c
ompl
aint
as
at 3
1st
Mar
ch 2
013.
f) Sh
are Dea
ling Cod
e:
Co
mpr
ehen
sive
gui
delin
es a
dvis
ing
and
caut
ioni
ng t
he
Man
agem
ent a
nd s
taff
on
the
proc
edur
e to
be
follo
wed
whi
le d
ealin
g w
ith t
he s
hare
s of
the
Com
pany
are
in
plac
e, i
n lig
ht o
f SE
BI (
Insi
der
Trad
ing)
Am
endm
ent
Regu
latio
ns, 2
002.
The
Cod
e of
Con
duct
and
cor
pora
te
disc
losu
re p
ract
ices
fra
med
by
the
Com
pany
hel
ps i
n
ensu
ring
com
plia
nces
with
the
sai
d Re
gula
tions
. Th
e
code
pre
scrib
es t
he d
etai
led
proc
edur
es a
nd g
uide
lines
to b
e ad
opte
d w
hile
dea
ling
in t
he s
ecur
ities
of
the
Com
pany
. Th
e co
de is
app
licab
le t
o al
l dire
ctor
s, s
enio
r
empl
oyee
s an
d th
eir
depe
ndan
ts.
The
said
per
sons
are
proh
ibite
d fr
om d
ealin
g in
the
secu
ritie
s of
the
Com
pany
durin
g th
e re
stric
ted
trad
ing
perio
ds n
otifi
ed b
y th
e
Com
pany
, fro
m ti
me
to ti
me
and
whi
lst i
n po
sses
sion
of
any
unpu
blis
hed
pric
e se
nsiti
ve in
form
atio
n re
latin
g to
the
secu
ritie
s of
the
Com
pany
.
Mea
ns o
f Co
mm
unic
atio
n:a)
Q
uart
erly
/ Hal
f-ye
arly
/ Nin
e-m
onth
s and
Ann
ual A
udite
d Fi
nanc
ial R
esul
ts o
f the
Com
pany
are
pub
lishe
d in
the
Busi
ness
Sta
ndar
d,
Del
hi a
nd M
umba
i edi
tions
and
Am
ar U
jala
, Mor
adab
ad e
ditio
n.
b)
The
resu
lts o
f th
e Co
mpa
ny a
re a
lso
post
ed u
p on
the
Com
pany
’s c
orpo
rate
web
site
:
w
ww
.rad
icok
haita
n.co
m.
The
Com
pany
’s o
ffic
ial
new
s re
leas
es a
nd p
rese
ntat
ions
mad
e to
the
ins
titut
iona
l in
vest
ors
and
anal
ysts
are
als
o av
aila
ble
on t
he C
ompa
ny’s
web
site
.
c)
All
impo
rtan
t inf
orm
atio
n pe
rtai
ning
to th
e Co
mpa
ny is
als
o m
entio
ned
in th
e A
nnua
l Rep
ort o
f the
Com
pany
whi
ch is
circ
ulat
ed
to t
he m
embe
rs a
nd o
ther
s en
title
d th
eret
o fo
r ea
ch f
inan
cial
yea
r.
d)
Your
Com
pany
pro
vide
s ne
cess
ary
info
rmat
ion
to t
he S
tock
Exc
hang
es in
ter
ms
of t
he L
istin
g A
gree
men
t an
d ot
her
rule
s an
d
regu
latio
ns is
sued
by
the
Secu
ritie
s Ex
chan
ge B
oard
of
Indi
a.
Qua
rterly results tak
en on reco
rd and
pub
lishe
d in
the
new
spap
ers during 20
12-201
3:
Qua
rter end
edDate of Boa
rd M
eeting
sDate of Pub
lication in N
ewsp
apers
Busine
ss Stand
ard (En
glish)
New
Delhi edition
Amar U
jala (Hindi)
Morad
abad
edition
30th
Jun
e, 2
012
31.7
.201
2
1.8.
2012
2.8.
2012
30th
Sep
tem
ber,
201
27.
11.2
012
8.11
.201
29.
11.2
012
31st
Dec
embe
r, 2
012
8.2.
2013
9.2.
2013
9.2.
2013
31st
Mar
ch 2
013
28.5
.201
329
.5.2
013
30.5
.201
3
Certifica
tion
of Fina
ncial R
eporting
and
Internal Con
trols:
As
requ
ired
by C
laus
e 49
(V)
of t
he L
istin
g A
gree
men
t, t
he C
EO /
CFO
Cer
tific
ate
for
the
finan
cial
yea
r 20
12-1
3 si
gned
by
Mr.
Abh
ishe
k Kh
aita
n, M
anag
ing
Dire
ctor
as
CEO
and
Mr.
Dili
p K
Bant
hiya
, CF
O w
as p
lace
d be
fore
the
Boa
rd o
f D
irect
ors
at t
heir
mee
ting
held
on
28th
May
201
3.
Dis
clos
ures
:1. D
isclos
ures o
n materially
significa
nt related
party
tran
sactions
:
Your
Com
pany
has
not
ent
ered
int
o an
y tr
ansa
ctio
n of
mat
eria
l na
ture
exc
ept
tran
sact
ions
with
rel
ated
par
ties
whi
ch a
re fu
rnis
hed
unde
r Not
es to
the
Fina
ncia
l Sta
tem
ents
as s
tipul
ated
und
er A
ccou
ntin
g St
anda
rd 1
8 (A
S-18
), w
ith
the
Prom
oter
s, th
eir s
ubsi
diar
ies
or re
lativ
es, D
irect
ors
or th
e
Man
agem
ent,
etc
. A
ll tr
ansa
ctio
ns w
ere
carr
ied
out
on a
n
arm
s-le
ngth
bas
is a
nd w
ere
not p
reju
dici
al to
the
inte
rest
of
the
Com
pany
.
2. D
etails of no
n-co
mplia
nce(s) by the Com
pan
y:
The
Com
pany
has
com
plie
d w
ith a
ll th
e re
quire
men
ts o
f
the
Stoc
k Ex
chan
ge(s
) an
d th
e Se
curit
ies
Exch
ange
Boa
rd
of In
dia
on m
atte
rs r
elat
ed t
o Ca
pita
l Mar
kets
or
any
othe
r
mat
ter,
as
may
be
appl
icab
le f
rom
tim
e to
tim
e. T
here
wer
e no
pen
altie
s im
pose
d or
str
ictu
res
pass
ed a
gain
st t
he
Com
pany
by
the
stat
utor
y au
thor
ities
in t
his
rega
rd.
3. D
isclos
ure of Accou
nting Trea
tmen
t:
The
Com
pany
fo
llow
s A
ccou
ntin
g St
anda
rds
pres
crib
ed
by t
he C
ompa
nies
Acc
ount
ing
Stan
dard
Rul
es,
2006
(as
amen
ded)
and
rel
evan
t pr
ovis
ions
of
the
Com
pani
es A
ct,
1956
. In
prep
arat
ion
of f
inan
cial
sta
tem
ents
, the
Com
pany
has
not
adop
ted
a tr
eatm
ent
diff
eren
t fr
om
wha
t is
pres
crib
ed
in
the
Acc
ount
ing
Stan
dard
s.
The
finan
cial
stat
emen
ts f
or t
he y
ear
have
bee
n pr
epar
ed in
acc
orda
nce
with
and
in c
ompl
ianc
e of
the
rev
ised
Sch
edul
e V
I not
ified
by t
he M
inis
try
of C
orpo
rate
Aff
airs
(MCA
).
4. D
etails o
f co
mplia
nce
with
man
datory an
d n
on-
man
datory requiremen
ts of C
laus
e 49
of the
Listing
Agree
men
t:
Your
Co
mpa
ny
has
com
plie
d w
ith
all
the
man
dato
ry
requ
irem
ents
of
Cl
ause
49
of
th
e Li
stin
g A
gree
men
t.
Follo
win
g is
the
sta
tus
of t
he c
ompl
ianc
e w
ith t
he n
on-
man
dato
ry r
equi
rem
ents
:
a) Aud
it Q
ualifications
:
Dur
ing
the
year
un
der
revi
ew,
ther
e w
as
no
audi
t
qual
ifica
tion
in th
e Co
mpa
ny’s
fina
ncia
l sta
tem
ents
. The
Com
pany
con
tinue
s to
ado
pt b
est
prac
tices
to
ensu
re a
regi
me
of u
nqua
lifie
d fin
anci
al s
tate
men
ts.
b)
Whistle Blower Policy:
Your
Com
pany
has
ado
pted
a W
hist
le B
low
er P
olic
y
with
an
obje
ctiv
e to
pro
vide
Em
ploy
ees
and
Busi
ness
Ass
ocia
tes
a fr
amew
ork
and
to
esta
blis
h a
form
al
mec
hani
sm o
r pr
oces
s w
here
by c
once
rns
can
be r
aise
d
in l
ine
with
the
Com
pany
’s c
omm
itmen
t to
hig
hest
stan
dard
s of
eth
ical
, m
oral
and
lega
l bus
ines
s co
nduc
t
and
its c
omm
itmen
t to
ope
n co
mm
unic
atio
n.
c) Se
xual H
arassm
ent Po
licy:
Your
Com
pany
has
ado
pted
a S
exua
l Har
assm
ent
Polic
y
with
an
obje
ctiv
e to
ens
ure
a pr
otec
tive
and
equa
l
plat
form
for
wor
king
of
wom
en in
the
org
aniz
atio
n.
d) Cod
e of Con
duc
t:
Yo
ur C
ompa
ny h
as a
dopt
ed a
Cod
e of
Con
duct
for
all
the
empl
oyee
s in
clud
ing
the
Boar
d M
embe
rs a
nd S
enio
r
All
spec
ial r
esol
utio
ns s
et o
ut in
the
not
ices
for
the
Ann
ual G
ener
al M
eetin
gs w
ere
pass
ed b
y th
e sh
areh
olde
rs a
t th
e re
spec
tive
mee
tings
with
req
uisi
te m
ajor
ity.
Gen
eral
Bod
y M
eetin
gs:
The
venu
e an
d tim
e of
the
last
thr
ee A
nnua
l Gen
eral
Mee
tings
of
the
Com
pany
are
as
follo
ws:
Year
Loca
tion
Mee
ting
Date
Time
No. of sp
ecial resolutions
set ou
t at the
AGM
2011
-12
Ram
pur
Dis
tille
ry, B
arei
lly R
oad
Ram
pur
– 24
4 90
1 (U
.P.)
24th
Sep
tem
ber
2012
1.00
P.M
.N
il
2010
-11
Ram
pur
Dis
tille
ry, B
arei
lly R
oad
Ram
pur
– 24
4 90
1 (U
.P.)
9th
Sept
embe
r 20
111.
00 P
.M.
3
2009
-10
Ram
pur
Dis
tille
ry, B
arei
lly R
oad
Ram
pur
– 24
4 90
1 (U
.P.)
9th
Sept
embe
r 20
101.
00 P
.M.
1
RAD
ICO
KH
AIT
AN
LIM
ITED
40A
NN
UA
L RE
PORT
201
2-13
41
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Not
e: H
igh
and
low
are
in R
upee
s pe
r tr
aded
sha
re. V
olum
e is
the
tot
al m
onth
ly v
olum
e of
tra
de in
Rad
ico
Khai
tan’
s sh
are
shar
es
on B
SE a
nd N
SE.
The
Char
t bel
ow s
how
s th
e co
mpa
rison
of y
our C
ompa
ny’s
sha
re p
rice
mov
emen
t on
BSE
vis-
à-vi
s th
e m
ovem
ent o
f the
BSE
Sen
sex
for
the
year
201
2-13
(bas
ed o
n m
onth
end
clo
sing
).
The
shar
es o
f th
e Co
mpa
ny a
re t
rade
d in
the
B1
cate
gory
at
BSE
and
are
also
act
ivel
y tr
aded
on
NSE
.
Stoc
k Price Data:
The
mon
thly
hig
h an
d lo
w p
rices
and
vol
umes
of y
our
Com
pany
’s s
hare
s at
BSE
and
NSE
for
the
year
end
ed 3
1st
Mar
ch, 2
013
are
give
n as
fol
low
s:
Mon
thBS
ENSE
High (R
s.)
Low (
Rs.)
Volum
e (N
o.
of Sha
res)
High (R
s.)
Low (
Rs.)
Volum
e (N
o.
of Sha
res)
2012
Apr
il13
4.55
121.
2061
7889
137.
4012
0.35
9595
62
May
130.
9011
9.25
2828
3413
1.75
119.
2510
8960
8
June
126.
0011
1.50
9186
8512
7.00
112.
2025
4198
1
July
119.
5092
.00
4371
667
119.
4592
.00
8950
168
Aug
ust
110.
0010
5.00
3711
311
110.
0010
5.15
9073
187
Sept
embe
r12
3.75
106.
5010
7205
312
4.05
105.
9017
5209
7
Oct
ober
124.
3011
5.25
1816
474
124.
1011
5.45
3674
917
Nov
embe
r15
1.00
116.
8023
9368
015
1.05
116.
5054
8052
6
Dec
embe
r15
5.95
138.
3048
6609
155.
5013
9.50
1800
872
2013
Janu
ary
151.
7013
8.25
4231
520
151.
5013
8.00
6313
485
Febr
uary
150.
2013
1.50
4820
4415
1.40
131.
1521
9526
7
Mar
ch14
0.80
122.
0074
9715
141.
8012
1.55
1477
347
Performan
ce of RK
L Sc
rip vis-a-vis BSE
index
RKL sh
are price
Indices
02/04/2012
02/05/2012
02/06/2012
02/07/2012
02/08/2012
02/09/2012
02/10/2012
02/11/2012
02/12/2012
02/01/2013
02/02/2013
02/03/2013
180
160
140
120
100 80 60 40 20 0
Gre
en In
itiat
ive
in C
orpo
rate
Gov
erna
nce:
Purs
uant
to
Circ
ular
No.
17/
2011
dat
ed 2
1st
Apr
il, 2
011,
Min
istr
y of
Cor
pora
te A
ffai
rs h
as u
nder
take
n a
Gre
en In
itiat
ive
in C
orpo
rate
Gov
erna
nce
whe
reby
the
sha
reho
lder
s de
siro
us o
f
rece
ivin
g no
tices
, do
cum
ents
and
oth
er c
omm
unic
atio
n fr
om
the
Com
pany
thro
ugh
elec
tron
ic m
ode,
can
regi
ster
thei
r e-m
ail
addr
esse
s w
ith t
he C
ompa
ny.
Your
Com
pany
enc
oura
ges
the
shar
ehol
ders
to
regi
ster
the
ir
e-m
ail a
ddre
sses
with
the
Com
pany
or
its R
egis
trar
and
Sha
re
Tran
sfer
Age
nt,
M/s
. M
as S
ervi
ces
Ltd.
, by
sen
ding
a l
ette
r
sign
ed b
y th
e sh
areh
olde
rs o
n ad
dres
ses
give
n be
low
and
intim
ate
chan
ges
in t
he e
-mai
l add
ress
fro
m t
ime
to t
ime.
Radico Kh
aitan Limited
Plot
No.
J-1,
Blo
ck B
-1
Moh
an C
o-op
erat
ive
Indu
stria
l Are
a
Mat
hura
Roa
d, N
ew D
elhi
– 1
10 0
44.
Tel.
No.
+91
11
4097
5400
/444
/500
/555
Fax
No.
+91
11
4167
8841
-42
Emai
l:inf
o@ra
dico
.co.
in
Mas Service
s Ltd.
T-34
, 2nd
Flo
or ,
Okh
la In
dust
rial A
rea
Phas
e –
II , N
ew D
elhi
– 1
10 0
20.
Tel.
No.
263
8728
2-83
Fax
No.
263
8738
4
Emai
l: in
fo@
mas
serv
.com
Gen
eral
Sha
reho
lder
Info
rmat
ion
29th Ann
ual G
eneral M
eeting
of the Com
pan
y:D
ate:
30t
h Se
ptem
ber
2013
Ven
ue: R
ampu
r Dis
tille
ry, B
arei
lly R
oad,
Ram
pur -
244
901
(U.P
.)
Tim
e: 1
.00
P.M
.
Fina
ncial C
alen
dar:
Fina
ncia
l yea
r: 1
st A
pril
to 3
1st
Mar
ch
For t
he y
ear e
nded
31s
t Mar
ch, 2
013,
qua
rter
ly fi
nanc
ial r
esul
ts
wer
e an
noun
ced
on:
31st
Jul
y 20
12
Firs
t Q
uart
er
7th
Nov
embe
r 20
12
Seco
nd Q
uart
er a
nd H
alf
Year
ly
8th
Febr
uary
201
3 Th
ird Q
uart
er a
nd N
ine
Mon
ths
28th
May
201
3 Fo
urth
Qua
rter
and
Ann
ual
For t
he y
ear e
ndin
g 31
st M
arch
, 201
4, q
uart
erly
fina
ncia
l res
ults
will
be
anno
unce
d as
per
the
tent
ativ
e sc
hedu
le d
etai
led
belo
w:
Not
late
r th
an
15th
Aug
ust
2013
Fi
rst
Qua
rter
Not
late
r th
an
15th
Nov
embe
r 20
13
Seco
nd Q
uart
er a
nd H
alf
Year
ly
Not
late
r th
an
15th
Feb
ruar
y 20
14
Third
Qua
rter
and
Nin
e M
onth
s
Not
late
r th
an
30th
May
201
4 Fo
urth
Qua
rter
and
Ann
ual
Date of Boo
k Closu
re:
Book
Clo
sure
dat
es h
ave
been
pro
vide
d in
the
Not
ice
conv
enin
g
the
AG
M f
orm
ing
part
of
this
Ann
ual R
epor
t.
Dividen
d Pay
men
t date:
Div
iden
d pa
yout
dat
e ha
s bee
n pr
ovid
ed in
the
Not
ice
conv
enin
g
the
AG
M f
orm
ing
part
of
this
Ann
ual R
epor
t.
Listing on
Stock
Excha
nges:
The
Com
pany
’s s
ecur
ities
are
lis
ted
on t
he f
ollo
win
g st
ock
exch
ange
s:
Equity Sha
res:
1. B
omba
y St
ock
Exch
ange
Ltd
.(BSE
)
P
hiro
ze J
eeje
ebho
y To
wer
s
D
alal
Str
eet,
Mum
bai –
400
001
.
2. N
atio
nal S
tock
Exc
hang
e of
Indi
a Lt
d. (N
SE)
E
xcha
nge
Plaz
a, 5
th F
loor
P
lot
no.C
/1, G
Blo
ck
B
andr
a-Ku
rla C
ompl
ex, B
andr
a (E
)
M
umba
i – 4
00 0
51.
The
Com
pany
has
pai
d th
e lis
ting
fees
for
the
fin
anci
al y
ear
2013
-14
to t
he s
tock
exc
hang
e(s)
on
whi
ch C
ompa
ny’s
sha
res
are
liste
d. T
he C
ompa
ny h
as a
lso
paid
cus
todi
al f
ees
for
the
year
201
3-14
to
Nat
iona
l Sec
uriti
es D
epos
itory
Lim
ited
(NSD
L)
and
Cent
ral
Dep
osito
ry S
ervi
ces
(Indi
a) L
imite
d (C
DSL
). Th
e
Inte
rnat
iona
l Sec
urity
Iden
tific
atio
n N
umbe
r (IS
IN)
allo
cate
d to
the
Com
pany
by
NSD
L an
d CD
SL is
INE9
44F0
1028
.
The
stoc
k ex
chan
ge c
odes
ass
igne
d to
the
Com
pany
’s s
hare
s at
thes
e st
ock
exch
ange
s ar
e as
fol
low
s:
Stoc
k Ex
chan
ge
Cod
e
BSE
53
2497
NSE
RA
DIC
O
RAD
ICO
KH
AIT
AN
LIM
ITED
42A
NN
UA
L RE
PORT
201
2-13
43
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Other In
form
ation:
Corp
orat
e Id
entif
icat
ion
Num
ber
(CIN
N
o.):
L269
41U
P198
3PLC
0272
78
Unc
laim
ed D
ividen
d/Sha
res:
In t
erm
s of
Sec
tions
205
A a
nd 2
05C
of t
he C
ompa
nies
Act
,
1956
, th
e Co
mpa
ny i
s re
quire
d to
tra
nsfe
r th
e am
ount
of
divi
dend
rem
aini
ng u
ncla
imed
for
a p
erio
d of
sev
en y
ears
fro
m
the
date
of
tran
sfer
to
the
unpa
id d
ivid
end
acco
unt
to t
he
Inve
stor
Edu
catio
n an
d Pr
otec
tion
Fund
(IEP
F). S
hare
hold
ers
are
caut
ione
d th
at o
nce
the
uncl
aim
ed d
ivid
end
is t
rans
ferr
ed t
o
IEPF
, a s
hare
hold
er c
anno
t cl
aim
the
am
ount
of d
ivid
end
eith
er
from
the
Com
pany
or
from
the
IEPF
.
In a
ccor
danc
e w
ith C
laus
e 5A
II o
f th
e Li
stin
g A
gree
men
t, t
he
Com
pany
has
sen
t tw
o re
min
ders
to
the
shar
ehol
ders
who
se
shar
e ce
rtifi
cate
s ar
e ly
ing
uncl
aim
ed w
ith t
he C
ompa
ny a
nd
is i
n th
e pr
oces
s of
sen
ding
thi
rd r
emin
der
to t
he c
once
rned
shar
ehol
ders
.
In c
ase
your
s sh
ares
are
lyin
g un
clai
med
with
the
Com
pany
, you
are
requ
este
d to
cla
im t
he s
ame.
Regi
stra
r an
d Tr
ansf
er A
gent
:M
as S
ervi
ces
Lim
ited
is t
he R
egis
trar
and
Tra
nsfe
r A
gent
of
the
Com
pany
.
Shar
ehol
ders
, ben
efic
ial o
wne
rs a
nd d
epos
itory
par
ticip
ants
(DPs
)
are
requ
este
d to
sen
d/ d
eliv
er t
he d
ocum
ents
/ cor
resp
onde
nce
rela
ting
to t
he C
ompa
ny’s
sha
re t
rans
fer
activ
ity e
tc.
to M
as
Serv
ices
Lim
ited,
Reg
istr
ar a
nd T
rans
fer
Age
nt o
f th
e Co
mpa
ny
at t
he f
ollo
win
g ad
dres
s:
Mas Service
s Ltd.
T-34
, 2nd
Flo
or ,
Okh
la In
dust
rial A
rea
Phas
e –
II , N
ew D
elhi
– 1
10 0
20.
Tel.
No.
263
8728
2-83
Fax
No.
263
8738
4
Emai
l: in
fo@
mas
serv
.com
For
the
bene
fit o
f sh
areh
olde
rs, d
ocum
ents
will
con
tinue
to
be
acce
pted
at
the
follo
win
g re
gist
ered
off
ice
of t
he C
ompa
ny:
Ram
pur
Dis
tille
ry, B
arei
lly R
oad,
Ram
pur
– 24
4 90
1 (U
.P.)
Tel.
No.
0595
-235
0601
-02
Fax
No.
0595
-235
0009
Emai
l: in
fo@
radi
co.c
o.in
Mem
bers
ar
e re
ques
ted
to
quot
e th
eir
e-m
ail
addr
ess,
tele
phon
e nu
mbe
r an
d fu
ll ad
dres
s fo
r pr
ompt
rep
ly t
o th
eir
com
mun
icat
ion.
Web
site: w
ww.rad
icok
haitan
.com
E-mail ID for In
vestor’s G
riev
ance
s:
The
e-m
ail a
ddre
ss f
or in
vest
or g
rieva
nce
is in
fo@
radi
co.c
o.in
The
abov
e ex
clus
ive
e-m
ail
id i
s di
sclo
sed
by t
he C
ompa
ny
on i
ts w
ebsi
tes
and
all
the
vario
us m
ater
ial
corr
espo
nden
ce,
publ
icat
ions
and
com
mun
icat
ion
to t
he s
hare
hold
ers
at la
rge.
Going
Con
cern:
The
Boar
d is
sa
tisfie
d th
at
the
Com
pany
ha
s ad
equa
te
reso
urce
s to
con
tinue
its
bus
ines
s fo
r th
e fo
rese
eabl
e fu
ture
and
cons
eque
ntly
con
side
rs it
app
ropr
iate
to
adop
t th
e go
ing
conc
ern
basi
s in
pre
parin
g th
e fin
anci
al s
tate
men
ts.
Fo
r an
d on
beh
alf
of t
he B
oard
sd
/-
Plac
e: N
ew D
elhi
D
r. L
alit
Khai
tan
Dat
e: 5
th A
ugus
t 20
13
Chai
rman
& M
anag
ing
Dire
ctor
Shar
e tr
ansf
er s
yste
m:
The
shar
e tr
ansf
er a
ctiv
ities
in r
espe
ct o
f the
sha
res
in p
hysi
cal m
ode
are
carr
ied
out
by t
he C
ompa
ny’s
Reg
istr
ar a
nd S
hare
Tra
nsfe
r
Age
nt (
RTA
). Th
e Sh
ares
lodg
ed f
or t
rans
fer
are
proc
esse
d an
d re
turn
ed w
ithin
the
stip
ulat
ed t
ime.
The
app
licat
ions
and
req
uest
s
rece
ived
by
your
Com
pany
for t
rans
fer o
f sha
res
held
in p
hysi
cal f
orm
are
pro
cess
ed a
nd t
he s
hare
cer
tific
ates
for t
he s
ame
are
sent
to t
he t
rans
fere
e w
ithin
the
stip
ulat
ed p
erio
d un
der
the
Com
pani
es A
ct, 1
956
and
the
List
ing
Agr
eem
ent.
The
Boa
rd o
f D
irect
ors
of t
he C
ompa
ny h
ave
dele
gate
d th
e au
thor
ity t
o ap
prov
e th
e tr
ansf
er o
f sh
ares
, tr
ansm
issi
on o
f sh
ares
or
requ
ests
for
del
etio
n
of n
ame
of t
he s
hare
hold
er,
etc.
, as
men
tione
d in
Cla
use
49(IV
)(G)(i
v) o
f th
e Li
stin
g A
gree
men
t to
the
des
igna
ted
offic
ials
of
the
Com
pany
. The
tra
nsac
tions
in r
espe
ct o
f is
sue
of d
uplic
ate
shar
e ce
rtifi
cate
s, s
plit,
rem
ater
ialis
atio
n, c
onso
lidat
ion
and
rene
wal
of
shar
e ce
rtifi
cate
s ar
e ap
prov
ed b
y th
e Sh
areh
olde
r’s
Com
mitt
ee.
A s
umm
ary
of a
ll th
e tr
ansf
ers,
tra
nsm
issi
ons,
del
etio
n re
ques
ts,
etc.
, ar
e pl
aced
bef
ore
the
Boar
d of
Dire
ctor
s fr
om t
ime
to t
ime
for
thei
r re
view
.
Dis
trib
utio
n of
Sha
reho
ldin
gs:
The
dist
ribut
ion
of s
hare
hold
ing
of t
he C
ompa
ny a
s on
31s
t M
arch
, 201
3 w
as a
s fo
llow
s:
Sl. N
o.Categ
ory of Sha
reho
lders
Total N
o. of Sha
res
% of To
tal n
o. of Sh
ares
1Pr
omot
ers
5382
9818
40.5
0
2M
utua
l Fun
ds &
UTI
9593
319
7.22
3In
sura
nce
Com
pani
es, B
anks
, Sta
te F
inan
cial
Cor
pora
tion
4433
410.
33
4FI
Is42
7980
7432
.20
5Pr
ivat
e Co
rpor
ate
Bodi
es14
6050
5510
.99
6In
dian
Pub
lic10
5624
967.
96
7N
RIs/
OCB
s10
5197
50.
79
8O
ther
s16
302
0.01
To
tal
1329
0038
010
0.00
Distribution of sha
reho
lding of the
Com
pan
y by nu
mber of sh
ares held as on
31s
t March
, 201
3 is as follo
ws:
Share Holding of N
ominal
Value
of
Shareh
olders
Shares
% Total
Rs.
Rs.
Num
ber
% to To
tal
Physical
Shares
Dem
aterialised
sh
ares
Total s
hares
% to To
tal
UPT
O25
0020
257
92.0
620
1557
337
5935
057
7492
34.
35
2501
5000
1075
4.89
5478
9014
1867
219
6656
21.
48
5001
1000
037
81.
7227
4815
1057
979
1332
794
1.00
1000
120
000
123
0.56
8128
577
1034
8523
190.
64
2000
130
000
270.
1210
850
3224
6433
3314
0.25
3000
140
000
160.
0715
500
2630
8927
8589
0.21
4000
150
000
150.
070
3377
4233
7742
0.25
5000
110
0000
260.
1231
620
1004
853
1036
473
0.78
1000
01A
BOV
E85
0.39
012
0987
664
1209
8766
491
.04
Total
2200
210
0.00
29
7753
312
9922
847
1329
0038
010
0.00
RAD
ICO
KH
AIT
AN
LIM
ITED
44A
NN
UA
L RE
PORT
201
2-13
45
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Ann
exur
e to
Rep
ort
on C
orpo
rate
Gov
erna
nce
for
the
year
end
ed 3
1st
Mar
ch, 2
013
DEC
LARA
TIO
N O
F CO
MPL
IAN
CE W
ITH
TH
E CO
DE
OF
CON
DU
CT
I her
eby
conf
irm t
hat:
The
Com
pany
has
obt
aine
d fr
om a
ll th
e m
embe
rs o
f th
e Bo
ard
and
Seni
or M
anag
emen
t Pe
rson
nel,
affir
mat
ion(
s) t
hat
they
hav
e
com
plie
d w
ith t
he C
ode
of C
ondu
ct f
or B
oard
Mem
bers
and
Sen
ior
Man
agem
ent
Pers
onne
l in
resp
ect
of t
he f
inan
cial
yea
r en
ded
31st
Mar
ch, 2
013.
Abhish
ek Kha
itan
Man
agin
g D
irect
or
New
Del
hi
Dat
e: 5
th A
ugus
t 20
13
Aud
itor’s
Rep
ort
on C
orpo
rate
Gov
erna
nce
To t
he s
hare
hold
ers
of R
adic
o Kh
aita
n Li
mite
d
1.
We
have
exa
min
ed t
he c
ompl
ianc
e of
con
ditio
ns o
f Cor
pora
te G
over
nanc
e by
Rad
ico
Khai
tan
Lim
ited
for
the
year
end
ed M
arch
31st
, 201
3, a
s st
ipul
ated
in c
laus
e 49
of
the
List
ing
Agr
eem
ent
of t
he s
aid
com
pany
with
Sto
ck E
xcha
nges
of
Indi
a.
2.
The
Com
plia
nce
of c
ondi
tion
of C
orpo
rate
Gov
erna
nce
is th
e re
spon
sibi
lity
of th
e m
anag
emen
t. O
ur e
xam
inat
ion
was
lim
ited
to
the
revi
ew o
f pro
cedu
res
and
impl
emen
tatio
n th
ereo
f, a
dopt
ed b
y th
e Co
mpa
ny fo
r en
surin
g th
e co
mpl
ianc
e of
the
con
ditio
ns
of C
orpo
rate
Gov
erna
nce.
It
is n
eith
er a
n au
dit
nor
an e
xpre
ssio
n of
opi
nion
on
the
finan
cial
sta
tem
ents
of
the
Com
pany
.
3.
In o
ur o
pini
on a
nd t
o th
e be
st o
f ou
r in
form
atio
n an
d ac
cord
ing
to t
he e
xpla
natio
ns g
iven
to
us, w
e ce
rtify
tha
t th
e Co
mpa
ny
has
com
plie
d w
ith t
he c
ondi
tions
of
Corp
orat
e G
over
nanc
e as
stip
ulat
ed in
the
abo
ve m
entio
ned
List
ing
Agr
eem
ent.
4.
We
furt
her
stat
e th
at s
uch
com
plia
nce
is n
eith
er a
n as
sura
nce
as t
o th
e fu
ture
via
bilit
y of
the
Com
pany
nor
the
eff
icie
ncy
or
effe
ctiv
enes
s w
ith w
hich
the
man
agem
ent
has
cond
ucte
d th
e af
fairs
of
the
Com
pany
.
Fo
r V. S
anka
r Aiyar &
Co.
Ch
arte
red
Acc
ount
ants
Fi
rm R
egn
No.
1092
08W
Plac
e : N
ew D
elhi
(M
.S. B
alac
hand
ran)
Dat
e : 5
th A
ugus
t 20
13
Part
ner
M
embe
rshi
p N
o.02
4282
INDEP
ENDEN
T AUDITORS
’ REP
ORT
TO T
HE
MEM
BERS
OF
RADICO KHAITAN LIM
ITED
Report on
Finan
cial Statemen
tsW
e ha
ve a
udite
d th
e ac
com
pany
ing
finan
cial
sta
tem
ents
of
RAD
ICO
KH
AIT
AN
LIM
ITED
(“t
he C
ompa
ny”)
, w
hich
com
pris
e th
e Ba
lanc
e Sh
eet
as a
t 31
st M
arch
, 20
13 a
nd t
he S
tate
men
t of
Pro
fit &
Los
s an
d Ca
sh F
low
Sta
tem
ent
for
the
year
the
n en
ded
and
a su
mm
ary
of s
igni
fican
t ac
coun
ting
polic
ies
and
othe
r ex
plan
ator
y in
form
atio
n.
Man
agem
ent’s Re
spon
sibility for the
Finan
cial Statemen
tsM
anag
emen
t is
re
spon
sibl
e fo
r th
e pr
epar
atio
n of
th
ese
finan
cial
stat
emen
ts th
at g
ive
a tr
ue a
nd fa
ir vi
ew o
f the
fina
ncia
l po
sitio
n, fi
nanc
ial p
erfo
rman
ce a
nd c
ash
flow
s of
the
Com
pany
in
acc
orda
nce
with
the
Acc
ount
ing
Stan
dard
s re
ferr
ed to
in s
ub-
sect
ion
(3C)
of
sect
ion
211
of t
he C
ompa
nies
Act
, 19
56 (
“the
A
ct”)
. Th
e re
spon
sibi
lity
incl
udes
the
des
ign,
im
plem
enta
tion
and
mai
nten
ance
of i
nter
nal c
ontr
ol re
leva
nt to
the
prep
arat
ion
and
pres
enta
tion
of t
he f
inan
cial
sta
tem
ents
tha
t gi
ve a
tru
e an
d fa
ir vi
ew a
nd a
re fr
ee fr
om m
ater
ial m
isst
atem
ent,
whe
ther
du
e to
fra
ud o
r er
ror.
Aud
itor’s Respon
sibility
Our
res
pons
ibili
ty i
s to
exp
ress
an
opin
ion
on t
hese
fin
anci
al
stat
emen
ts
base
d on
ou
r au
dit.
W
e co
nduc
ted
our
audi
t in
acc
orda
nce
with
the
Sta
ndar
ds o
n A
uditi
ng i
ssue
d by
the
In
stitu
te o
f Ch
arte
red
Acc
ount
ants
of
Indi
a. T
hose
sta
ndar
ds
requ
ire t
hat
we
com
ply
with
eth
ical
requ
irem
ents
and
pla
n an
d pe
rfor
m th
e au
dit t
o ob
tain
reas
onab
le a
ssur
ance
abo
ut w
heth
er
the
finan
cial
sta
tem
ents
are
fre
e of
mat
eria
l mis
stat
emen
t.
An
audi
t in
volv
es
perf
orm
ing
proc
edur
es
to
obta
in
audi
t ev
iden
ce a
bout
the
am
ount
s an
d di
sclo
sure
s in
the
fin
anci
al
stat
emen
ts.
The
proc
edur
es s
elec
ted
depe
nd o
n th
e au
dito
r’s
judg
emen
t, i
nclu
ding
the
ass
essm
ent
of t
he r
isks
of
mat
eria
l m
isst
atem
ent o
f the
fina
ncia
l sta
tem
ents
, whe
ther
due
to fr
aud
or e
rror
. In
mak
ing
thos
e ris
k as
sess
men
ts, t
he a
udito
r con
side
rs
inte
rnal
con
trol
rel
evan
t to
the
Com
pany
’s p
repa
ratio
n an
d fa
ir pr
esen
tatio
n of
the
finan
cial
sta
tem
ents
in o
rder
to d
esig
n au
dit
proc
edur
es t
hat
are
appr
opria
te in
the
circ
umst
ance
s. A
n au
dit
also
inc
lude
s ev
alua
ting
the
appr
opria
tene
ss o
f ac
coun
ting
polic
ies
used
an
d th
e re
ason
able
ness
of
th
e ac
coun
ting
estim
ates
mad
e by
man
agem
ent,
as
wel
l as
eva
luat
ing
the
over
all p
rese
ntat
ion
of t
he f
inan
cial
sta
tem
ents
.
We
belie
ve th
at th
e au
dit e
vide
nce
we
have
obt
aine
d is
suff
icie
nt
and
appr
opria
te t
o pr
ovid
e a
basi
s fo
r ou
r au
dit
opin
ion.
Opinion
In o
ur o
pini
on a
nd to
the
best
of o
ur in
form
atio
n an
d ac
cord
ing
to t
he e
xpla
natio
ns g
iven
to
us,
the
finan
cial
sta
tem
ents
giv
e th
e in
form
atio
n re
quire
d by
the
Act
in t
he m
anne
r so
req
uire
d an
d gi
ve a
tru
e an
d fa
ir vi
ew in
con
form
ity w
ith t
he a
ccou
ntin
g pr
inci
ples
gen
eral
ly a
ccep
ted
in In
dia:
a)
in t
he c
ase
of t
he B
alan
ce S
heet
, of
the
sta
te o
f af
fairs
of
the
Com
pany
as
at 3
1st M
arch
, 201
3;
b)
in th
e ca
se o
f the
Sta
tem
ent o
f Pro
fit a
nd L
oss,
of t
he P
rofit
fo
r th
e ye
ar e
nded
on
that
dat
e; a
nd
c)
in t
he c
ase
of C
ash
Flow
Sta
tem
ent,
of
the
cash
flo
ws
for
the
year
end
ed o
n th
at d
ate.
Report on
Other Leg
al and
Reg
ulatory Re
quiremen
ts1
As
requ
ired
by s
ectio
n 22
7(3)
of
the
Act
, we
repo
rt t
hat:
a)
w
e ha
ve o
btai
ned
all t
he in
form
atio
n an
d ex
plan
atio
ns,
whi
ch t
o th
e be
st o
f ou
r kn
owle
dge
and
belie
f w
ere
nece
ssar
y fo
r th
e pu
rpos
e of
our
aud
it;
b)
in
our
opi
nion
, pro
per b
ooks
of a
ccou
nt a
s re
quire
d by
la
w h
ave
been
kep
t by
the
Com
pany
so
far
as a
ppea
rs
from
our
exa
min
atio
n of
tho
se b
ooks
;
c)
th
e Ba
lanc
e Sh
eet,
Sta
tem
ent
of P
rofit
and
Los
s an
d Ca
sh F
low
Sta
tem
ent
deal
t w
ith b
y th
is r
epor
t ar
e in
ag
reem
ent
with
the
boo
ks o
f ac
coun
t;
d)
in
our
opi
nion
, the
Bal
ance
She
et, S
tate
men
t of
Pro
fit
and
Loss
and
Cas
h Fl
ow S
tate
men
t co
mpl
y w
ith t
he
Acc
ount
ing
Stan
dard
s re
ferr
ed t
o in
sub
-sec
tion
(3C)
of
sec
tion
211
of t
he C
ompa
nies
Act
, 195
6.
e)
O
n th
e ba
sis
of w
ritte
n re
pres
enta
tions
rec
eive
d fr
om
the
dire
ctor
s as
on
31st M
arch
, 20
13 a
nd t
aken
on
reco
rd b
y th
e Bo
ard
of D
irect
ors,
non
e of
the
dire
ctor
s is
dis
qual
ified
as
on 3
1st M
arch
, 20
13 f
rom
bei
ng
appo
inte
d as
a d
irect
or in
ter
ms
of c
laus
e (g
) of
sub
-se
ctio
n (1
) of s
ectio
n 27
4 of
the
Com
pani
es A
ct, 1
956.
2 A
s re
quire
d by
the
Com
pani
es (
Aud
itor’
s Re
port
) O
rder
, 20
03 (
“the
Ord
er”)
iss
ued
by t
he C
entr
al G
over
nmen
t of
In
dia
in t
erm
s of
sub
-sec
tion
(4A
) of
sec
tion
227
of t
he
Act
, w
e en
clos
e in
the
Ann
exur
e, a
sta
tem
ent
on t
he
mat
ters
spe
cifie
d in
par
agra
phs
4 an
d 5
of t
he s
aid
Ord
er
to t
he e
xten
t ap
plic
able
, on
the
bas
is o
f in
form
atio
n &
ex
plan
atio
ns o
btai
ned
and
such
che
cks
as w
e co
nsid
ered
ne
cess
ary.
Fo
r V. S
anka
r Aiyar &
Co.
C
hart
ered
Acc
ount
ants
(F
irm R
egn.
No.
: 109
208W
)
M.S. B
ALA
CHANDRA
NPl
ace:
New
Del
hi
Part
ner
Dat
ed: 2
8-M
ay-2
013
M
embe
rshi
p N
o: 0
2428
2
RAD
ICO
KH
AIT
AN
LIM
ITED
46A
NN
UA
L RE
PORT
201
2-13
47
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Ann
exure Re
ferred
to
in o
ur R
eport of eve
n da
te to
the Sh
areh
olde
rs o
f Ra
dico
Kha
itan
Lim
ited
for the
yea
r en
ded 31
st M
arch
, 201
3
x Th
e Co
mpa
ny h
as n
o ac
cum
ulat
ed lo
sses
as
at t
he e
nd o
f th
e ye
ar a
nd h
as n
ot in
curr
ed c
ash
loss
es d
urin
g th
e fin
anci
al y
ear
cove
red
by o
ur a
udit
or in
the
imm
edia
tely
pre
cedi
ng fi
nanc
ial
year
.
xi
On
the
basi
s of
the
verif
icat
ion
of re
cord
s an
d in
form
atio
n an
d ex
plan
atio
ns g
iven
to
us,
the
Com
pany
has
not
def
aulte
d in
re
paym
ent
of d
ues
to fi
nanc
ial i
nstit
utio
ns o
r ba
nks.
The
re a
re
no d
eben
ture
s o
utst
andi
ng in
the
boo
ks o
f ac
coun
ts a
t an
y tim
e du
ring
the
year
.
xii
The
Com
pany
has
not
gra
nted
loan
s an
d ad
vanc
es o
n th
e ba
sis
of s
ecur
ity b
y w
ay o
f pl
edge
of
shar
es,
debe
ntur
es a
nd o
ther
se
curit
ies.
xiii
The
Com
pany
is n
ot a
chi
t fu
nd /
nid
hi /
mut
ual b
enef
it fu
nd
/ so
ciet
y. T
here
fore
, th
e pr
ovis
ions
of
clau
se 4
(xiii
) of
the
Co
mpa
nies
(A
udito
rs R
epor
t) O
rder
are
not
app
licab
le t
o th
e Co
mpa
ny.
xiv
As
rega
rds
deal
ing
or t
radi
ng in
sha
res,
sec
uriti
es, d
eben
ture
s an
d ot
her
inve
stm
ents
, pr
oper
rec
ords
hav
e be
en m
aint
aine
d of
the
tra
nsac
tion
of t
he c
ontr
acts
and
tim
ely
entr
ies
mad
e th
erei
n. T
he s
hare
s, s
ecur
ities
, an
d ot
her
inve
stm
ents
hav
e be
en h
eld
by t
he C
ompa
ny i
n its
ow
n na
me
exce
pt t
o th
e ex
tent
of
exem
ptio
n, if
any
, gr
ante
d un
der
Sect
ion
49 o
f th
e Co
mpa
nies
Act
, 195
6.
xv
The
Com
pany
has
giv
en a
gua
rant
ee o
f Rs
.564
0 la
cs f
or lo
ans
take
n by
Rad
ico
NV
Dis
tille
ries
Mah
aras
htra
, (a
joi
nt v
entu
re
com
pany
, in
whi
ch t
he C
ompa
ny h
olds
36%
of
the
paid
-up
Capi
tal)
from
a b
ank,
bes
ides
bei
ng a
coo
blig
ant
for
vehi
cle
loan
the
bal
ance
of
whi
ch i
s Rs
.75.
04 l
acs.
O
n th
e ba
sis
of
info
rmat
ion
and
expl
anat
ions
giv
en t
o us
, th
e te
rms
and
cond
ition
s w
here
of a
re n
ot,
prim
a fa
cie,
pre
judi
cial
to
the
inte
rest
of
the
Com
pany
.
xvi
On
the
basi
s of
ver
ifica
tion,
inf
orm
atio
n an
d ex
plan
atio
ns
obta
ined
and
on
an o
vera
ll ba
sis,
we
note
tha
t te
rm lo
ans
of
Rs.1
0,00
0 la
cs t
aken
dur
ing
the
year
fro
m b
anks
for
cap
ital
expe
nditu
re h
ave
not
been
utli
sed
for
the
stat
ed p
urpo
se t
o th
e ex
tent
of
Rs.2
436.
54 la
cs.
xvii
Acc
ordi
ng t
o th
e in
form
atio
n an
d ex
plan
atio
ns g
iven
to
us,
the
cash
flo
w s
tate
men
ts e
xam
ined
by
us a
nd o
n an
ove
rall
exam
inat
ion
of t
he f
inan
cial
sta
tem
ents
of
the
Com
pany
, w
e re
port
tha
t fu
nds
rais
ed o
n sh
ort
term
bas
is h
ave
been
not
be
en u
sed
for
long
ter
m in
vest
men
ts.
xviii
Dur
ing
the
year
, th
e Co
mpa
ny h
as n
ot m
ade
any
pref
eren
tial
allo
tmen
t of
sha
res
to p
artie
s an
d co
mpa
nies
cov
ered
in
the
Regi
ster
mai
ntai
ned
unde
r se
ctio
n 30
1 of
the
Act
.
xix
As
the
Com
pany
has
no
outs
tand
ing
debe
ntur
es d
urin
g th
e ye
ar,
the
ques
tion
of c
reat
ing
secu
ritie
s or
cha
rge
does
not
ar
ise.
xx
The
Com
pany
has
not
rai
sed
any
mon
ey t
hrou
gh p
ublic
issu
e of
sec
uriti
es d
urin
g th
e ye
ar a
nd t
here
fore
ver
ifica
tion
of t
he
end
use
of m
oney
doe
s no
t ar
ise.
xxi
Base
d on
the
audi
t pro
cedu
re p
erfo
rmed
and
the
repr
esen
tatio
n ob
tain
ed f
rom
the
man
agem
ent,
we
repo
rt t
hat
no c
ase
of
frau
d on
or
by t
he C
ompa
ny h
as b
een
notic
ed o
r re
port
ed
durin
g th
e ye
ar u
nder
aud
it.
Fo
r V. S
anka
r Aiyar &
Co.
C
hart
ered
Acc
ount
ants
(F
irm R
egn.
No.
: 109
208W
)
M.S. B
ALA
CHANDRA
NPl
ace:
New
Del
hi
Part
ner
Dat
ed: 2
8-M
ay-2
013
M
embe
rshi
p N
o: 0
2428
2
i (a
) Th
e Co
mpa
ny is
mai
ntai
ning
pro
per
reco
rds
show
ing
full
part
icul
ars,
incl
udin
g qu
antit
ativ
e de
tails
and
situ
atio
n of
fix
ed a
sset
s.
(b
) Th
e m
anag
emen
t ha
s ph
ysic
ally
ver
ified
maj
or p
art
of t
he
fixed
ass
ets
at th
e di
still
ery
at R
ampu
r and
oth
er lo
catio
ns
(exc
ept
Del
hi O
ffic
e) o
nce
durin
g th
e ye
ar.
The
asse
ts
phys
ical
ly v
erifi
ed a
re u
nder
rec
onci
liatio
n w
ith t
he b
ook
reco
rds
and
disc
repa
ncie
s, if
any
, can
be
asce
rtai
ned
only
af
ter
the
reco
ncili
atio
n is
com
plet
e.
(c
) Si
nce
ther
e is
no
su
bsta
ntia
l di
spos
al
of
fixed
as
sets
du
ring
the
year
, th
e pr
epar
atio
n of
fin
anci
al s
tate
men
ts
on a
goi
ng c
once
rn b
asis
is n
ot a
ffec
ted
on t
his
acco
unt.
ii
(a)
On
the
basi
s of
inf
orm
atio
n an
d ex
plan
atio
ns o
btai
ned,
st
ocks
of f
inis
hed
good
s an
d ra
w m
ater
ials
of t
he d
istil
lery
/
bott
ling
units
hav
e be
en u
nder
phy
sica
l ch
eck
by t
he
exci
se d
epar
tmen
t in
coo
rdin
atio
n w
ith t
he C
ompa
ny’s
su
perv
isor
y st
aff
at
freq
uent
in
terv
als.
Oth
er
stoc
ks,
stor
es
and
spar
es,
at
vario
us
loca
tions
ha
ve
been
ph
ysic
ally
ver
ified
by
the
man
agem
ent
durin
g th
e ye
ar. I
n ou
r op
inio
n, t
he f
requ
ency
of
verif
icat
ion
is r
easo
nabl
e.
(b
) In
our
opi
nion
, th
e pr
oced
ures
of
phys
ical
ver
ifica
tion
of
inve
ntor
y fo
llow
ed b
y th
e m
anag
emen
t ar
e re
ason
able
an
d ad
equa
te in
rel
atio
n to
the
siz
e of
the
Com
pany
and
th
e na
ture
of
its b
usin
ess.
(c
) In
ou
r op
inio
n,
the
Com
pany
is
m
aint
aini
ng
prop
er
reco
rds
of in
vent
ory
and
no m
ater
ial d
iscr
epan
cies
wer
e no
ticed
on
phys
ical
ver
ifica
tion.
iii
(a)
The
Com
pany
has
gra
nted
Rs.
1155
.88
lacs
as
inte
rest
fr
ee u
nsec
ured
wor
king
cap
ital a
dvan
ce u
nder
a s
peci
fic
man
ufac
turin
g an
d se
lling
arr
ange
men
t an
d Rs
.185
.39
lacs
as
inte
rest
-fre
e un
secu
red
adva
nce
to a
join
t ve
ntur
e co
mpa
ny.
The
max
imum
am
ount
s ou
tsta
ndin
g du
ring
the
year
agg
rega
ted
to R
s.30
42.1
7 la
cs a
nd y
ear
end
outs
tand
ing
bala
nce
aggr
egat
ed
to
Rs.1
341.
27
lacs
re
spec
tivel
y.
(b
) Ke
epin
g in
vie
w si
mila
r arr
ange
men
t with
oth
er p
artie
s, th
e w
orki
ng c
apita
l arr
ange
men
t fin
ance
d by
the
Com
pany
is
free
of i
nter
est u
nder
a s
peci
fic m
anuf
actu
ring
and
selli
ng
arra
ngem
ent.
In
rel
atio
n to
bot
h ad
vanc
es, t
here
are
no
othe
r te
rms
and
cond
ition
s th
at a
re p
reju
dici
al t
o th
e in
tere
st o
f th
e Co
mpa
ny.
(c
) Th
ere
is n
o st
ipul
atio
n re
gard
ing
repa
ymen
t of
prin
cipa
l as
th
e am
ount
ha
s be
en
finan
ced
unde
r a
spec
ific
man
ufac
turin
g an
d se
lling
arr
ange
men
t w
ith t
he p
arty
. A
s m
entio
ned
abov
e, t
he lo
an h
as b
een
finan
ced
inte
rest
fr
ee.
In
the
case
of
inte
rest
-fre
e ad
vanc
e al
so,
ther
e ar
e no
stip
ulat
ions
reg
ardi
ng r
epay
men
t of
prin
cipa
l.
(d
) A
s m
entio
ned
abov
e, t
here
are
no
stip
ulat
ions
reg
ardi
ng
repa
ymen
t of
prin
cipa
l. A
ccor
ding
ly, t
here
is n
o ov
erdu
e am
ount
of m
ore
than
rupe
es o
ne la
c in
resp
ect o
f am
ount
finan
ced
to th
e Co
mpa
ny li
sted
in th
e re
gist
er m
aint
aine
d un
der
sect
ion
301
of t
he C
ompa
nies
Act
, 195
6.
(e
) Th
e Co
mpa
ny
has
not
take
n an
y lo
ans,
se
cure
d or
un
secu
red
from
com
pani
es, f
irms o
r oth
er p
artie
s req
uire
d to
be
cove
red
in t
he r
egis
ter
mai
ntai
ned
unde
r se
ctio
n 30
1 of
the
Com
pani
es A
ct, 1
956.
H
ence
, sub
-cla
uses
(f)
an
d (g
) are
not
app
licab
le.
iv
In
our
opin
ion
and
acco
rdin
g to
th
e in
form
atio
n an
d ex
plan
atio
ns g
iven
to
us,
ther
e ar
e ad
equa
te in
tern
al c
ontr
ol
syst
ems
com
men
sura
te w
ith t
he s
ize
of t
he C
ompa
ny a
nd
the
natu
re o
f its
bus
ines
s, f
or t
he p
urch
ase
of in
vent
ory
and
fixed
ass
ets
and
with
reg
ard
to t
he s
ale
of g
oods
. D
urin
g th
e co
urse
of
our
audi
t, w
e ha
ve n
eith
er c
ome
acro
ss n
or h
ave
been
inf
orm
ed o
f an
y co
ntin
uing
fai
lure
to
corr
ect
maj
or
wea
knes
ses
in t
he in
tern
al c
ontr
ol s
yste
m.
v (a
) A
ccor
ding
to
the
info
rmat
ion
give
n to
us,
the
par
ticul
ars
of c
ontr
acts
or a
rran
gem
ents
dur
ing
the
year
that
nee
d to
be
ent
ered
into
a r
egis
ter
in p
ursu
ance
of
sect
ion
301
of
the
Com
pani
es A
ct, 1
956
have
bee
n so
ent
ered
.
(b
) In
our
opi
nion
and
acc
ordi
ng t
o th
e in
form
atio
n an
d ex
plan
atio
ns
give
n to
us
, th
e tr
ansa
ctio
ns
mad
e in
pu
rsua
nce
of s
uch
cont
ract
s or
arr
ange
men
ts,
exce
edin
g th
e va
lue
of r
upee
s fiv
e la
cs, a
re o
f sp
ecifi
c re
quire
men
ts
of t
he C
ompa
ny f
or w
hich
alte
rnat
ive
sour
ces
are
not
avai
labl
e fo
r co
mpa
rison
of
prev
ailin
g m
arke
t pr
ices
.
vi
The
Com
pany
has
not
acc
epte
d de
posi
ts f
rom
the
pub
lic
with
in t
he m
eani
ng o
f se
ctio
ns 5
8A a
nd 5
8AA
or
any
othe
r re
leva
nt p
rovi
sion
s of
the
Com
pani
es A
ct, 1
956
and
the
Rule
s fr
amed
the
reun
der.
vii
An
outs
ide
agen
cy h
as c
arrie
d ou
t in
tern
al a
udit
durin
g th
e ye
ar. I
n ou
r opi
nion
, the
inte
rnal
aud
it sy
stem
of t
he C
ompa
ny
is c
omm
ensu
rate
with
the
size
of t
he C
ompa
ny a
nd th
e na
ture
of
its
busi
ness
.
viii
We
have
bro
adly
rev
iew
ed t
he b
ooks
of
acco
unts
mai
ntai
ned
by t
he C
ompa
ny,
purs
uant
to
rule
s m
ade
by t
he C
entr
al
Gov
ernm
ent
for
the
mai
nten
ance
of c
ost
reco
rds
unde
r cl
ause
(d
) of
sub
-sec
tion
(1)
of s
ectio
n 20
9 of
the
Com
pani
es A
ct,
1956
and
are
of
the
opin
ion
that
prim
a fa
cie,
the
pre
scrib
ed
acco
unts
and
rec
ords
hav
e be
en m
aint
aine
d an
d th
e re
quire
d st
atem
ents
are
in
the
proc
ess
of c
ompi
latio
n. W
e ha
ve n
ot,
how
ever
, m
ade
a de
taile
d ex
amin
atio
n of
the
rec
ords
with
a
view
to
dete
rmin
e w
heth
er t
hey
are
accu
rate
or
com
plet
e.
ix
(a)
Acc
ordi
ng t
o th
e re
cord
s of
the
Com
pany
, th
e Co
mpa
ny
has
been
ge
nera
lly
regu
lar
in
depo
sitin
g un
disp
uted
st
atut
ory
dues
in
clud
ing
Prov
iden
t Fu
nd,
Inve
stor
Ed
ucat
ion
and
Prot
ectio
n Fu
nd,
Empl
oyee
s’
Stat
e In
sura
nce,
Inco
me-
tax,
Sal
es-t
ax, W
ealth
Tax
, Ser
vice
Tax
, Cu
stom
Dut
y, E
xcis
e D
uty,
Ces
s an
d an
y ot
her
stat
utor
y du
es w
ith t
he a
ppro
pria
te a
utho
ritie
s. A
ccor
ding
to
the
info
rmat
ion
and
expl
anat
ions
giv
en to
us,
ther
e w
ere
no a
rrea
rs o
f und
ispu
ted
stat
utor
y du
es a
s at
31st
Mar
ch, 2
013,
whi
ch w
ere
outs
tand
ing
for
a pe
riod
of m
ore
than
six
mon
ths
from
the
dat
e th
ey b
ecam
e pa
yabl
e.
(b
) A
ccor
ding
to
the
reco
rds
of t
he C
ompa
ny a
nd t
he in
form
atio
n an
d ex
plan
atio
n gi
ven
to u
s, t
here
are
no
dues
of
inco
me-
tax,
w
ealth
tax
, cus
tom
dut
y an
d ce
ss, w
hich
hav
e no
t be
en d
epos
ited
on a
ccou
nt o
f any
dis
pute
. D
etai
ls o
f dis
pute
d du
es in
res
pect
of
sal
es ta
x, e
xcis
e du
ty a
nd s
ervi
ce ta
x of
diff
eren
t yea
rs, w
hich
hav
e re
mai
ned
unpa
id a
s on
31st
Mar
ch, 2
013,
for w
hich
app
eals
ar
e pe
ndin
g ar
e as
und
er:
Nature of due
sYe
ar(s)
Amou
nt
(Rs. in
lacs)
Forum w
here pen
ding
Sale
s Ta
x / E
ntry
Tax
1998
-99
& 1
999-
003.
02Re
visi
on b
efor
e A
llaha
bad
Hig
h Co
urt
1999
-00
6.86
Trad
e Ta
x Tr
ibun
al, M
orad
abad
Exci
se D
uty
1981
17.3
7A
llaha
bad
Hig
h Co
urt
– Lu
ckno
w B
ench
1995
to
2005
92.3
8A
llaha
bad
Hig
h Co
urt
– Lu
ckno
w B
ench
(B
ank
Gua
rant
ee is
sued
)
2005
-06
to 2
008-
0956
.69
Alla
haba
d H
igh
Cour
t –
Luck
now
Ben
ch
Serv
ice
Tax
July
200
3 to
Mar
ch 2
012
(incl
udin
g in
tere
st a
nd p
enal
ty)
1086
5.61
CEST
AT,
Del
hi
RAD
ICO
KH
AIT
AN
LIM
ITED
48A
NN
UA
L RE
PORT
201
2-13
49
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Balanc
e Sh
eet
as a
t 31
st M
arch
, 201
3Statem
ent of Profit an
d Los
s fo
r th
e ye
ar e
nded
31st
Mar
ch, 2
013
Rupe
es in
lacs
Particu
lars
Note
No.
As at
31.03.20
13As at
31.03.20
12
EQUITY AND LIABILITIES
Shar
ehol
ders
' fu
nds
Shar
e ca
pita
l2
2,6
58.0
1 2
,654
.08
Rese
rves
and
sur
plus
3 7
0,16
1.24
6
4,18
7.21
7
2,81
9.25
6
6,84
1.29
Sh
are ap
plic
ation mon
ey pen
ding allotm
ent
2 -
1
.61
Non
-current liab
ilities
Long
-ter
m b
orro
win
gs4
41,
397.
62
33,
835.
48
Def
erre
d ta
x lia
bilit
ies
(Net
)5
5,8
83.0
0 5
,633
.00
Oth
er lo
ng t
erm
liab
ilitie
s -
Secu
rity
depo
sits
4.1
7 1
82.6
8 Lo
ng-t
erm
pro
visi
ons
6 4
33.5
8 4
02.1
0 4
7,71
8.37
4
0,05
3.26
Current liab
ilities
Shor
t-te
rm b
orro
win
gs7
30,
542.
97
27,
770.
79
Trad
e pa
yabl
es8
11,
724.
85
11,
737.
61
Oth
er c
urre
nt li
abili
ties
9 1
5,40
0.33
1
5,29
6.45
Sh
ort-
term
pro
visi
ons
10 2
,099
.00
1,5
28.3
3 5
9,76
7.15
5
6,33
3.18
To
tal
180
,304
.77
163
,229
.34
ASS
ETS
Non
-current assets
Fixe
d as
sets
- T
angi
ble
asse
ts11
4
8,65
9.56
4
5,80
3.30
-
Inta
ngib
le a
sset
s 11
4
,283
.52
4,4
18.3
8 -
Cap
ital w
ork-
in-p
rogr
ess
(at
cost
) 5
32.7
4 4
84.3
8 N
on-c
urre
nt in
vest
men
ts12
5
,836
.79
5,8
38.0
9 Lo
ng-t
erm
loan
s an
d ad
vanc
es
13
8,8
98.2
4 8
,540
.12
Oth
er n
on-c
urre
nt a
sset
s -
depo
sits
with
ban
ks17
1
49.0
7 7
1.79
68,35
9.92
65,15
6.06
Current assets
Curr
ent
inve
stm
ents
14
5
,022
.05
5,2
95.6
6 In
vent
orie
s15
1
8,49
4.97
1
7,74
4.56
Tr
ade
rece
ivab
les
16
43,
538.
09
34,
779.
21
Cash
and
ban
k ba
lanc
es17
1
,599
.68
2,1
03.8
5 Sh
ort-
term
loan
s an
d ad
vanc
es
18
39,
926.
12
34,
726.
81
Oth
er c
urre
nt a
sset
s19
3
,363
.94
3,4
23.1
9 1
11,9
44.8
5 9
8,07
3.28
To
tal
180
,304
.77
163
,229
.34
Sign
ifica
nt A
ccou
ntin
g Po
licie
s1
Oth
er N
otes
on
Acc
ount
s31
to
45
Rupe
es in
lacs
Particu
lars
Note
No.
Current Yea
r Previou
s Ye
ar
INCOME
Reve
nue
from
ope
ratio
ns20
2
48,8
90.6
2 1
98,1
38.5
4
Less
: Ex
cise
dut
y 1
23,0
51.6
9 8
3,75
1.87
125
,838
.93
114
,386
.67
Oth
er in
com
e21
3
,041
.46
2,1
37.1
5
128
,880
.39
116
,523
.82
EXPE
NSE
S
Cost
of
mat
eria
ls c
onsu
med
22 5
1,44
2.10
4
6,86
7.08
Purc
hase
of
stoc
k-in
-tra
de23
6,1
81.2
6 9
,441
.27
Chan
ge in
inve
ntor
ies
of f
inis
hed
good
s, w
ork-
in-p
rogr
ess
and
stoc
k-in
-tra
de24
877
.29
(1,6
95.9
6)
Empl
oyee
ben
efits
exp
ense
25 7
,872
.98
7,0
63.5
5
Fina
nce
cost
s26
7,0
05.5
8 5
,815
.23
Dep
reci
atio
n an
d am
ortiz
atio
n ex
pens
e27
3,5
31.1
1 3
,283
.94
Oth
er e
xpen
ses
28 4
1,04
1.83
3
5,80
2.82
117
,952
.15
106
,577
.93
Profit for the
yea
r before ex
ception
al item
s & tax
1
0,92
8.24
9
,945
.89
Less
: Ex
cept
iona
l Ite
ms
29 -
1
,249
.89
Profit for the
yea
r before taxa
tion
10,
928.
24
8,6
96.0
0
Less : Ta
x ex
pen
se
- C
urre
nt t
ax
2,9
50.0
0 1
,760
.00
- F
or e
arlie
r ye
ars
-
42.
00
- D
efer
red
tax
liabi
lity
/ (as
sets
) 2
50.0
0 6
58.0
0
MA
T Cr
edit
avai
labl
e fo
r se
t of
f -
(1
30.0
0)
Profit for the
yea
r after tax
7,728
.24
6,366
.00
Basic Ea
rnings
per sha
re in
Rs. (face
value
of Rs
. 2/- eac
h)30
5.8
2 4
.80
Dilu
ted Earning
s per sha
re in
Rs. (face
value
of Rs
. 2/- eac
h) 5
.81
4.7
6
Sign
ifica
nt A
ccou
ntin
g Po
licie
s1
Oth
er N
otes
on
Acc
ount
s31
to
45
As
per
our
repo
rt o
f ev
en d
ate
Fo
r an
d on
beh
alf
of B
oard
For V. S
anka
r Aiyar &
Co.
Cha
rter
ed A
ccou
ntan
ts
Dilip K. B
anthiya
Dr. Lalit Kha
itan
ICA
I Firm
Reg
n. N
o. 1
0920
8 W
C
hief
Fin
anci
al O
ffic
er
Cha
irman
& M
anag
ing
Dire
ctor
M. S
. Balac
hand
ran
Amit M
anch
anda
Abhish
ek Kha
itan
Part
ner
Gro
up H
ead
- Le
gal &
M
anag
ing
Dire
ctor
Mem
bers
hip
No.
024
282
Com
pany
Sec
reta
ry
Plac
e :
New
Del
hi
Ajay K. Aga
rwal
D
irect
ors
Dat
ed :
28/0
5/20
13
Exec
utiv
e V
ice
Pres
iden
t (F
&A
)
As
per
our
repo
rt o
f ev
en d
ate
Fo
r an
d on
beh
alf
of B
oard
For V. S
anka
r Aiyar &
Co.
Cha
rter
ed A
ccou
ntan
ts
Dilip K. B
anthiya
Dr. Lalit Kha
itan
ICA
I Firm
Reg
n. N
o. 1
0920
8 W
C
hief
Fin
anci
al O
ffic
er
Cha
irman
& M
anag
ing
Dire
ctor
M. S
. Balac
hand
ran
Amit M
anch
anda
Abhish
ek Kha
itan
Part
ner
Gro
up H
ead
- Le
gal &
M
anag
ing
Dire
ctor
Mem
bers
hip
No.
024
282
Com
pany
Sec
reta
ry
Plac
e :
New
Del
hi
Ajay K. Aga
rwal
D
irect
ors
Dat
ed :
28/0
5/20
13
Exec
utiv
e V
ice
Pres
iden
t (F
&A
)
RAD
ICO
KH
AIT
AN
LIM
ITED
50A
NN
UA
L RE
PORT
201
2-13
51
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Cash Flow
for
the
year
end
ed 3
1st M
arch
, 201
3Cash Flow
for
the
year
end
ed 3
1st M
arch
, 201
3Ru
pees
in la
cs
Particu
lars
Current Yea
r Previou
s Ye
ar
A.
CASH
FLO
W FRO
M O
PERA
TING ACTIVITIES
Prof
it be
fore
pro
visi
on f
or t
ax 1
0,92
8.24
8
,696
.00
Add
:
Dep
reci
atio
n an
d am
ortiz
atio
n ex
pens
e 3
,531
.11
3,2
83.9
4
Inte
rest
on
borr
owin
gs 7
,005
.58
5,8
15.2
3
Fore
ign
Exch
ange
loss
con
side
red
in o
ther
exp
ense
s 7
71.8
1 2
96.8
6
Empl
oyee
s Co
mpe
nsat
ion
(Eso
p) 1
5.68
(1
7.03
)
Loss
on
sale
of
asse
ts 4
83.0
9 9
3.03
Loss
on
sale
of
shar
es -
1
,249
.89
Adj
ustm
ent
for
prov
isio
n fo
r di
min
utio
n in
val
ue o
f In
vest
men
t (2
6.39
) 1
1.73
Adj
ustm
ent
for
prov
isio
n fo
r no
n-m
ovin
g st
ock
(49.
79)
113
.62
Adj
ustm
ent
for
prov
isio
n fo
r do
ubtf
ul d
ebto
rs a
nd a
dvan
ces
160
.83
47.
90
22,
820.
16
19,
591.
17
Less
:
Inte
rest
inco
me
(2,8
27.4
1) (2
,064
.96)
Div
iden
d on
inve
stm
ents
-
(0.5
7)
Prof
it on
sal
e of
ass
ets
(40.
27)
(5.5
8)
Prof
it on
sal
e of
inve
stm
ent
(22.
55)
-
Operating Profit Before Working
Cap
ital Cha
nges
19,92
9.93
17,52
0.06
Adj
ustm
ent
For
Wor
king
Cap
ital C
hang
es:
(Incr
ease
)/Dec
reas
e in
inve
ntor
ies
(700
.62)
(5,1
70.8
9)
(Incr
ease
)/Dec
reas
e in
tra
de r
ecei
vabl
es (8
,806
.76)
(2,8
95.1
6)
(Incr
ease
)/Dec
reas
e in
oth
er r
ecei
vabl
es 5
9.24
(1
,332
.15)
(Incr
ease
)/Dec
reas
e in
loan
s an
d ad
vanc
es (1
,570
.40)
(4,3
92.2
0)
(Dec
reas
e)/in
crea
se in
tra
de a
nd o
ther
pay
able
s (1
,572
.55)
12,
270.
96
7,3
38.8
4 1
6,00
0.62
Less
: Tax
es p
aid
(2,3
47.6
9) (1
,766
.42)
Net Cash From
Operating Activities
4,991
.15
14,23
4.20
B.CASH
FLO
W FRO
M IN
VES
TING ACTIVITIES
Add
ition
to
fixed
ass
ets
(incl
udin
g w
ork-
in-p
rogr
ess)
(6,3
32.0
5) (8
,787
.32)
Sale
of
fixed
ass
ets
228
.65
60.
67
Purc
hase
of
inve
stm
ents
-
(413
.74)
Sale
of
inve
stm
ents
323
.85
90.
34
(Incr
ease
)/ D
ecre
ase
in lo
ans
give
n (4
,100
.00)
(5,8
00.0
0)
Inte
rest
inco
me
2,8
27.4
1 2
,064
.96
Div
iden
d in
com
e -
0
.57
Net Cash Gen
erated
(Used) in In
vesting Activities
(7,05
2.14
) (12
,784
.52)
Rupe
es in
lacs
Particu
lars
Current Yea
r Previou
s Ye
ar
C.
CASH
FLO
W FRO
M FIN
ANCIN
G ACTIVITIES
Incr
ease
/ (D
ecre
ase)
in s
hare
cap
ital (
incl
udin
g sh
are
prem
ium
) 1
40.4
2 9
1.69
Proc
eeds
fro
m lo
ng t
erm
bor
row
ings
9,0
37.1
2 2
9,80
8.49
Repa
ymen
t of
long
ter
m b
orro
win
gs -
(2
0,24
1.54
)
Shor
t te
rm b
orro
win
gs (n
et)
2,7
72.1
8 1
,284
.06
Inve
stm
ent
in n
on-c
urre
nt f
ixed
dep
osits
with
ban
ks (7
7.28
) (2
1.35
)
Effe
ct o
f fo
reig
n ex
chan
ge r
ate
adju
stm
ent
as p
er p
ara
46/4
6A
(Ref
er n
ote
no.3
4) (2
,076
.10)
(4,2
62.8
1)
Inte
rest
on
borr
owin
gs (7
,005
.58)
(5,8
15.2
3)
Div
iden
d on
equ
ity s
hare
s(in
clud
ing
tax)
(1,2
33.9
4) (1
,078
.57)
Net Cash Gen
erated
/ (Used) in Finan
cing
Activities
1,556
.82
(23
5.26
)
Net in
crea
se/(Dec
rease) in
Cash an
d Cash Eq
uiva
lents
(50
4.17
) 1,214
.42
Bala
nce
at t
he b
egin
ning
of
the
year
2,1
03.8
5 8
89.4
3
Bala
nce
at t
he e
nd o
f th
e ye
ar:
1,5
99.6
8 2
,103
.85
(504
.17)
1,2
14.4
2
Not
es: T
he a
bove
Cas
h Fl
ow S
tate
men
t ha
s be
en p
repa
red
unde
r th
e in
dire
ct
met
hod
as s
et o
ut in
Acc
ount
ing
Stan
dard
-3 o
n Ca
sh F
low
Sta
tem
ents
.
As
per
our
repo
rt o
f ev
en d
ate
Fo
r an
d on
beh
alf
of B
oard
For V. S
anka
r Aiyar &
Co.
Cha
rter
ed A
ccou
ntan
ts
Dilip K. B
anthiya
Dr. Lalit Kha
itan
ICA
I Firm
Reg
n. N
o. 1
0920
8 W
C
hief
Fin
anci
al O
ffic
er
Cha
irman
& M
anag
ing
Dire
ctor
M. S
. Balac
hand
ran
Amit M
anch
anda
Abhish
ek Kha
itan
Part
ner
Gro
up H
ead
- Le
gal &
M
anag
ing
Dire
ctor
Mem
bers
hip
No.
024
282
Com
pany
Sec
reta
ry
Plac
e :
New
Del
hi
Ajay K. Aga
rwal
D
irect
ors
Dat
ed :
28/0
5/20
13
Exec
utiv
e V
ice
Pres
iden
t (F
&A
)
RAD
ICO
KH
AIT
AN
LIM
ITED
52A
NN
UA
L RE
PORT
201
2-13
53
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
1 SIGNIFICANT ACCOUNTING POLICIES – 20
12-13
1.01
Ba
sis of preparation of finan
cial statemen
ts
Th
e fin
anci
al s
tate
men
ts a
re p
repa
red
unde
r hi
stor
ical
cos
t co
nven
tion,
on
a go
ing
conc
ern
basi
s an
d in
acc
orda
nce
with
the
app
licab
le a
ccou
ntin
g st
anda
rds
pres
crib
ed in
the
Com
pani
es (
Acc
ount
ing
Stan
dard
s) R
ules
, 20
06 is
sued
by
the
Cent
ral G
over
nmen
t, in
con
sulta
tion
with
the
Nat
iona
l Adv
isor
y Co
mm
ittee
on
Acc
ount
ing
Stan
dard
s an
d re
leva
nt
prov
isio
ns o
f th
e Co
mpa
nies
Act
, 195
6.
1.02
Use of estimates
The
prep
arat
ion
of fi
nanc
ial s
tate
men
ts re
quire
s m
anag
emen
t to
mak
e ce
rtai
n es
timat
es a
nd a
ssum
ptio
ns th
at a
ffec
t the
am
ount
s re
port
ed in
the
fin
anci
al s
tate
men
ts a
nd n
otes
the
reto
. D
iffer
ence
s be
twee
n ac
tual
res
ults
and
est
imat
es a
re
reco
gniz
ed in
the
per
iod
in w
hich
the
y m
ater
ialis
e.
1.03
Fixe
d assets, In
tang
ible assets an
d cap
ital w
ork-in-progress
Fixe
d A
sset
s ar
e st
ated
at
cost
exc
ept
to t
he e
xten
t re
valu
ed.
Borr
owin
g co
sts
attr
ibut
able
to
the
qual
ifyin
g as
sets
and
al
l sig
nific
ant
cost
s in
cide
ntal
to
the
acqu
isiti
on o
f as
sets
are
cap
italis
ed. F
reeh
old
and
Leas
ehol
d la
nd a
t Ra
mpu
r, in
ter
alia
, w
ere
reva
lued
by
an a
ppro
ved
valu
er a
s on
1st
Jan
uary
, 19
99.
Capi
tal w
ork
in p
rogr
ess
incl
udes
cos
t of
ass
ets
at
site
s, c
onst
ruct
ion
expe
nditu
re a
nd in
tere
st o
n th
e fu
nds
depl
oyed
. Int
angi
ble
Ass
ets
are
stat
ed a
t cos
t les
s ac
cum
ulat
ed
amor
tizat
ion
and
impa
irmen
t lo
ss, i
f an
y.
1.04
Dep
reciation
Tang
ible assets
a)
Cost
of
Leas
ehol
d la
nd a
nd le
aseh
old
impr
ovem
ents
are
am
ortis
ed o
ver
the
perio
d of
leas
e.
b)
Dep
reci
atio
n is
cha
rged
for
the
yea
r on
str
aigh
t lin
e m
etho
d at
the
rat
es a
nd in
the
man
ner
spe
cifie
d in
Sch
edul
e X
IV o
f th
e Co
mpa
nies
Act
,195
6.
c)
On
addi
tions
cos
ting
less
tha
n Rs
.500
0, d
epre
ciat
ion
is p
rovi
ded
at 1
00%
in t
he y
ear
of a
dditi
on.
d)
Dep
reci
atio
n on
am
ount
add
ed o
n re
valu
atio
n of
ass
ets
is t
rans
ferr
ed f
rom
Rev
alua
tion
Rese
rve.
Intang
ible assets
e)
Base
d on
the
ant
icip
ated
fut
ure
econ
omic
ben
efits
, th
e lif
e of
Bra
nds
& T
rade
Mar
k an
d G
oodw
ill a
re a
mor
tised
ov
er t
wen
ty t
o tw
enty
one
yea
rs o
n st
raig
ht li
ne m
etho
d.
f)
Soft
war
es a
re a
mor
tised
ove
r a
perio
d of
six
yea
rs o
n st
raig
ht li
ne m
etho
d.
1.05
Im
pairm
ent :
At e
ach
Bala
nce
Shee
t dat
e, th
e Co
mpa
ny re
view
s th
e ca
rryi
ng a
mou
nt o
f its
fixe
d as
sets
to d
eter
min
e w
heth
er th
ere
are
any
indi
catio
n th
at t
hose
ass
ets
have
suf
fere
d an
impa
irmen
t lo
ss. I
f an
y su
ch in
dica
tion
exis
ts, r
ecov
erab
le a
mou
nt o
f th
e as
sets
is e
stim
ated
in o
rder
to
dete
rmin
e th
e ex
tent
of
impa
irmen
t lo
ss.
1.06
Inve
stmen
ts
Lo
ng t
erm
inve
stm
ents
are
car
ried
at c
ost.
Pro
visi
on f
or d
imin
utio
n in
val
ue o
f lo
ng t
erm
inve
stm
ent
is c
onsi
dere
d , i
f in
th
e op
inio
n of
man
agem
ent,
suc
h a
decl
ine
in v
alue
is c
onsi
dere
d as
oth
er th
an te
mpo
rary
in n
atur
e. C
urre
nt in
vest
men
ts
are
valu
ed a
t lo
wer
of
cost
or
fair
valu
e.
1.07
Inve
ntories
Fini
shed
goo
ds a
nd s
tock
-in-p
roce
ss a
re v
alue
d at
low
er o
f co
st o
r ne
t re
alis
able
val
ue. C
ost
incl
udes
cos
t of
con
vers
ion
and
othe
r ex
pens
es in
curr
ed in
brin
ging
the
goo
ds t
o th
eir
loca
tion
and
cond
ition
. Ra
w m
ater
ials
, pa
ckin
g m
ater
ials
, st
ock
in t
rade
, st
ores
and
spa
res
are
valu
ed a
t lo
wer
of
cost
or
net
real
isab
le v
alue
. Co
st i
s as
cert
aine
d on
"m
ovin
g av
erag
e" b
asis
for
all
inve
ntor
ies.
1.08
Re
venu
e reco
gnition
Sale
s ar
e re
cogn
ised
on
deliv
ery
or o
n pa
ssag
e of
titl
e of
the
goo
ds t
o th
e cu
stom
ers
whe
n th
e ris
k an
d re
war
d st
and
tran
sfer
red
to c
usto
mer
s. T
hey
are
acco
unte
d ne
t of
sal
es t
ax/V
AT,
tr
ade
disc
ount
s an
d re
bate
s bu
t in
clus
ive
of e
xcis
e du
ty.
Exc
ise
reve
nue
subs
idy
is a
ccou
nted
for
bas
ed o
n th
e po
licy
of t
he S
tate
Gov
ernm
ent
of U
ttar
Pra
desh
. Ex
port
In
cent
ives
are
acc
ount
ed f
or o
n th
e ba
sis
of e
xpor
t sa
les
effe
cted
dur
ing
the
year
. Int
eres
t in
com
e is
acc
ount
ed o
n tim
e pr
opor
tion
basi
s. D
ivid
end
inco
me
is a
ccou
nted
for
, whe
n th
e rig
ht t
o re
ceiv
e is
est
ablis
hed.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
1.09
Ex
cise D
uty
In re
spec
t of s
tock
s co
vere
d by
cen
tral
exc
ise,
exc
ise
duty
is p
rovi
ded
on c
losi
ng s
tock
s an
d al
so c
onsi
dere
d fo
r val
uatio
n.
In r
espe
ct o
f ot
her
stoc
ks,
keep
ing
in v
iew
tha
t St
ate
exci
se d
uty
paya
ble
on f
inis
hed
prod
ucts
is
not
dete
rmin
able
(a
s it
varie
s de
pend
ing
on t
he p
lace
s to
w
hich
the
y ar
e de
spat
ched
), th
e ex
cise
dut
y on
suc
h st
ocks
lyin
g in
fac
tory
is
acco
unte
d fo
r on
clea
ranc
es o
f suc
h go
ods.
The
met
hod
of a
ccou
ntin
g fo
llow
ed b
y th
e Co
mpa
ny h
as n
o im
pact
on
the
resu
lts o
f th
e ye
ar.
1.10
Tran
sfer pricing
of Bio-Gas / Po
wer
Sinc
e it
is n
ot p
ossi
ble
to c
ompu
te th
e ac
tual
cos
t, in
ter u
nit t
rans
fer o
f bio
-gas
& p
ower
hav
e be
en v
alue
d on
the
basi
s of
sa
ving
s in
dire
ct fu
el c
ost /
pre
vaili
ng p
urch
ase
pric
e of
pow
er. T
he s
ame
has
been
con
side
red
for v
alua
tion
of in
vent
orie
s.
1.11
Trea
tmen
t of Employe
e ben
efits
The
Com
pany
mak
es r
egul
ar c
ontr
ibut
ions
to
duly
con
stitu
ted
fund
s se
t up
for
Pro
vide
nt F
und,
Fam
ily P
ensi
on F
und,
Em
ploy
ees
Stat
e In
sura
nce,
Sup
eran
nuat
ion
and
Gra
tuity
, w
hich
are
cha
rged
to
reve
nue.
Th
e em
ploy
ees
are
allo
wed
th
e be
nefit
of
leav
e en
cash
men
t as
per
the
rul
es o
f th
e Co
mpa
ny,
for
whi
ch p
rovi
sion
for
acc
ruin
g lia
bilit
y is
mad
e on
ac
tuar
ial v
alua
tion
carr
ied
out
at t
he e
nd o
f th
e ye
ar. C
ontr
ibut
ion
to g
ratu
ity is
als
o de
term
ined
on
actu
aria
l bas
is.
1.12
Fo
reign Currenc
y Tran
sactions
Tran
sact
ions
in f
orei
gn c
urre
ncie
s a
re a
ccou
nted
for
at
the
exch
ange
rat
e pr
evai
ling
on t
he d
ay o
f th
e tr
ansa
ctio
n. T
he
outs
tand
ing
liabi
litie
s/ re
ceiv
able
s ar
e tr
ansl
ated
at t
he y
ear e
nd ra
tes.
The
resu
ltant
gai
n or
loss
are
adj
uste
d to
the
Prof
it &
Los
s A
ccou
nt. N
on-m
onet
ary
item
s de
nom
inat
ed in
fore
ign
curr
ency
, (su
ch a
s fix
ed a
sset
s) a
re v
alue
d at
the
exch
ange
ra
te p
reva
iling
on
the
date
of t
rans
actio
n. A
ny g
ain
or lo
sses
aris
ing
due
to e
xcha
nge
diff
eren
ces
aris
ing
on tr
ansl
atio
n or
se
ttle
men
t ar
e ac
coun
ted
for
in t
he S
tate
men
t of
Pro
fit a
nd L
oss.
In
case
of
forw
ard
exch
ange
con
trac
ts, t
he p
rem
ium
or
dis
coun
t aris
ing
at th
e in
cept
ion
of s
uch
cont
ract
s, is
am
ortis
ed a
s in
com
e or
exp
ense
ove
r the
per
iod
of c
ontr
act a
nd
exch
ange
diff
eren
ce o
n su
ch c
ontr
acts
, i.e
. diff
eren
ce b
etw
een
the
exch
ange
rat
e at
the
rep
ortin
g / s
ettle
men
t da
te a
nd
the
exch
ange
rat
e on
the
dat
e of
ince
ptio
n / t
he la
st r
epor
ting
date
, is
reco
gniz
ed a
s in
com
e / e
xpen
ses
for
the
perio
d.
1.13
Derivative Tran
sactions
Thes
e tr
ansa
ctio
ns a
re u
nder
take
n to
hed
ge t
he c
ost
of b
orro
win
g an
d co
mpr
ise
of p
rinci
pal /
inte
rest
rat
e sw
aps.
The
in
com
e /
expe
nses
are
rec
ogni
sed
whe
n ea
rned
/ in
curr
ed.
In c
ase
of o
utst
andi
ng d
eriv
ativ
e co
ntra
cts
at t
he y
ear
end
date
, los
s is
det
erm
ined
on
mar
ked
to m
arke
t (M
TM) b
asis
and
pro
visi
on m
ade.
1.14
Le
ases
Sinc
e si
gnifi
cant
por
tion
of r
isks
and
rew
ards
are
ret
aine
d by
les
sor
in r
espe
ct o
f as
sets
acq
uire
d on
lea
se,
they
are
cl
assi
fied
as o
pera
ting
leas
e an
d th
e le
ase
rent
als
are
char
ged
off
to r
even
ue a
ccou
nt.
1.15
Re
search
and
Dev
elop
men
t
Fi
xed
asse
ts u
sed
for R
esea
rch
and
Dev
elop
men
t ar
e de
prec
iate
d in
the
sam
e m
anne
r as
in t
he c
ase
of s
imila
r ass
ets;
the
re
venu
e ex
pens
es a
re c
harg
ed o
ff in
the
yea
r of
incu
rran
ce.
1.16
Ta
xation
Prov
isio
n is
mad
e fo
r de
ferr
ed t
ax f
or a
ll tim
ing
diff
eren
ces
aris
ing
betw
een
taxa
ble
inco
me
and
acco
untin
g in
com
e at
cu
rren
tly e
nact
ed o
r sub
stan
tially
ena
cted
tax
rate
s. D
efer
red
tax
asse
ts a
re re
cogn
ized
, onl
y if
ther
e is
reas
onab
le /
virt
ual
cert
aini
ty t
hat
they
will
be
real
ized
and
are
rev
iew
ed f
or t
he a
ppro
pria
tene
ss o
f th
eir
resp
ectiv
e ca
rryi
ng v
alue
s at
eac
h Ba
lanc
e Sh
eet
date
.
1.17
Prov
isions
, Con
ting
ent Liab
ilities and
Con
ting
ent Assets
Prov
isio
ns in
volv
ing
subs
tant
ial d
egre
e of
est
imat
ion
in m
easu
rem
ent
are
reco
gniz
ed w
hen
ther
e is
a p
rese
nt o
blig
atio
n as
a r
esul
t of
pas
t ev
ents
and
it
is p
roba
ble
that
the
re w
ill b
e an
out
flow
of
reso
urce
s. C
ontin
gent
lia
bilit
ies
are
not
reco
gniz
ed b
ut a
re d
iscl
osed
in t
he n
otes
to
acco
unts
. Co
ntin
gent
ass
ets
are
neith
er r
ecog
nize
d no
r di
sclo
sed
in t
he
finan
cial
sta
tem
ents
.
RAD
ICO
KH
AIT
AN
LIM
ITED
54A
NN
UA
L RE
PORT
201
2-13
55
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
2. S
HARE
CAPITA
LAutho
rised
17,0
0,00
,000
(Pre
viou
s ye
ar 1
7,00
,00,
000)
equ
ity s
hare
s of
Rs.
2/-
eac
h 3
,400
.00
3,4
00.0
0 60
,00,
000
(Pre
viou
s ye
ar 6
0,00
,000
) pre
fere
nce
shar
es o
f Rs
. 100
/- e
ach
6,0
00.0
0 6
,000
.00
9,400
.00
9,400
.00
Issu
ed, s
ubscribed
and
fully paid
13,2
9,00
,380
(PY
13,2
7,03
,879
) equ
ity s
hare
s of
Rs.
2/-
eac
h 2
,658
.01
2,6
54.0
8 2,658
.01
2,654
.08
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
3. R
ESER
VES
AND SURP
LUS
Cap
ital Reserve
Bala
nce
as p
er la
st b
alan
ce s
heet
1,2
13.6
8 1
,213
.68
Preferen
ce Sha
res Re
dem
ption
Reserve
Bala
nce
as p
er la
st b
alan
ce s
heet
20.
02
20.
02
Secu
rities Premium Reserve
Bala
nce
as p
er la
st b
alan
ce s
heet
37,
166.
37
37,
872.
86
Add
: Re
ceip
ts o
n ex
erci
se o
f em
ploy
ee s
tock
opt
ions
138
.10
87.
17
Add
: Tr
ansf
er f
rom
em
ploy
ee s
tock
opt
ion
outs
tand
ing
acco
unt
25.
85
19.
66
Less
: Pr
emiu
m o
n fo
reig
n cu
rren
cy c
onve
rtib
le b
onds
adj
uste
d -
8
13.3
2
37,
330.
32
37,
166.
37
Reva
luation Re
serve
Bala
nce
as p
er la
st b
alan
ce s
heet
921
.94
928
.30
Less
: Tr
ansf
er b
eing
dep
reci
atio
n on
rev
alue
d as
sets
(Ref
er N
ote
27)
6.3
6 6
.36
915
.58
921
.94
Employe
e Stoc
k Option
s ou
tstand
ing ac
coun
t
Gro
ss e
mpl
oyee
sto
ck c
ompe
nsat
ion
for
optio
ns g
rant
ed in
ear
lier
year
s 1
10.7
6 1
45.1
2
Add
: G
ross
com
pens
atio
n fo
r op
tions
gra
nted
dur
ing
the
year
-
-
Less
: D
efer
red
empl
oyee
sto
ck c
ompe
nsat
ion
42.
02
72.
41
Less
: Tr
ansf
er t
o se
curit
ies
prem
ium
res
erve
on
exer
cise
of
stoc
k op
tions
25.
85
19.
66
42.
89
53.
05
Gen
eral Reserve
Bala
nce
as p
er la
st b
alan
ce s
heet
20,
000.
00
17,
000.
00
Add
: Tr
ansf
er f
rom
Sur
plus
5,0
00.0
0 3
,000
.00
25,
000.
00
20,
000.
00
Surp
lus
Bala
nce
as p
er la
st b
alan
ce s
heet
7,4
96.8
0 5
,364
.74
Add
: Pr
ofit
for
the
year
as
per
Stat
emen
t of
Pro
fit a
nd L
oss
7,7
28.2
4 6
,366
.00
15,
225.
04
11,
730.
74
Less
: A
ppro
pria
tions
Tran
sfer
to
gene
ral r
eser
ve 5
,000
.00
3,0
00.0
0
Prop
osed
div
iden
d 1
,063
.20
1,0
61.6
3
Tax
on p
ropo
sed
divi
dend
180
.79
172
.31
8,9
81.0
5 7
,496
.80
Foreign cu
rren
cy m
onetary item
trans
lation
differenc
e ac
coun
t (R
efer
Not
e N
o.34
) (3
,342
.30)
(2,6
84.6
5)
70,16
1.24
64,18
7.21
d.
Reco
nciliation of the
num
ber of sh
ares
Particu
lars
No. of Sh
ares
No. of Sh
ares
Out
stan
ding
at
the
begi
nnin
g of
the
yea
r 1
32,7
03,8
79
132
,558
,204
A
dd: I
ssue
d du
ring
the
year
und
er E
SOP
Sche
me
196
,501
1
45,6
75
Out
stan
ding
at
the
end
of t
he y
ear
132
,900
,380
1
32,7
03,8
79
Sum
mary of Stock
Option
No. of stoc
k op
tion
No. of stoc
k op
tion
Opt
ion
gran
ted
upto
the
yea
r en
d 3
,650
,000
3
,650
,000
O
ptio
ns f
orfe
ited
upto
the
yea
r en
d 1
,464
,513
1
,425
,013
O
ptio
ns e
xerc
ised
upt
o th
e ye
ar e
nd 1
,765
,164
1
,568
,663
Opt
ion
outs
tand
ing
at t
he y
ear
end
420
,323
6
56,3
24
Exer
cise
pric
e (w
eigh
ted
aver
age)
Rs.
80.
20
Rs.
81.
20
e.Sh
ares held by ea
ch sha
reho
lder holding more than
5% sha
res
As at 31.03
.201
3As at 3
1.03
.201
2
Particu
lars
%No. of Sh
ares
%No. of Sh
ares
Sapp
hire
Intr
ex L
td.
25.5
0% 3
3,88
8,01
1 25
.54%
33,
888,
011
Shai
laja
Fin
ance
Ltd
.8.
65%
11,
491,
087
8.44
% 1
1,20
4,50
1 H
SBC
Glo
bal I
nves
tmen
t Fu
nds
Mau
ritiu
s Lt
d.8.
37%
11,
124,
125
8.38
% 1
1,12
4,12
5 Re
lianc
e Ca
pita
l Tru
stee
Com
pany
Ltd
.6.
54%
8,6
95,1
27
6.04
% 8
,018
,382
a.
The
Com
pany
has
issu
ed o
nly
one
clas
s of
sha
res,
refe
rred
to a
s eq
uity
sha
res
havi
ng a
par
val
ue o
f Rs.
2/-
Eac
h ho
lder
of e
quity
sh
ares
is e
ntitl
ed t
o on
e vo
te p
er s
hare
.
b.
The
Com
pany
dec
lare
s an
d pa
ys d
ivid
end
in In
dian
rup
ees.
The
div
iden
d pr
opos
ed b
y th
e Bo
ard
of D
irect
ors
is s
ubje
ct t
o th
e ap
prov
al o
f th
e sh
areh
olde
rs in
the
ens
uing
Ann
ual G
ener
al M
eetin
g.
c.
Dur
ing
the
year
end
ed M
arch
31,
201
3, t
he a
mou
nt o
f div
iden
d pe
r sh
are
reco
gniz
ed fo
r di
strib
utio
n to
equ
ity s
hare
hold
ers
is
Rs. 0
.80
(pre
viou
s yea
r Rs.
0.8
0). T
he to
tal d
ivid
end
appr
opria
tion
for t
he y
ear e
nded
Mar
ch 3
1, 2
013
amou
nted
to R
s. 1
,243
.95
lacs
(pr
evio
us y
ear
Rs.
1,23
3.94
lac
s)
incl
udin
g co
rpor
ate
divi
dend
tax
of
Rs.
180.
79 l
acs
(pre
viou
s ye
ar R
s. 1
72.3
1 la
cs).
f.
Shares reserve
d for is
sue un
der option
s: ESO
Ps
Th
e Co
mpa
ny e
stab
lishe
d Em
ploy
ee S
tock
Opt
ions
Pla
n, d
uly
appr
oved
by
the
shar
ehol
ders
in th
e m
eetin
g he
ld o
n 25
.05.
2006
w
hich
is e
ffec
tive
from
25.
07.2
006.
Acc
ordi
ngly
, the
Com
pany
has
gra
nted
36,
50,0
00 e
quity
opt
ions
upt
o 31
.03.
2013
whi
ch
will
get
ves
ted
over
a p
erio
d of
4 y
ears
from
the
dat
e of
the
gra
nt. T
he e
mpl
oyee
s ha
ve t
he o
ptio
ns t
o ex
erci
se t
he r
ight
with
in
a pe
riod
of 3
yea
rs f
rom
the
dat
e of
ves
ting.
The
com
pens
atio
n co
st o
f st
ock
optio
ns g
rant
ed t
o em
ploy
ees
are
acco
unte
d by
th
e Co
mpa
ny u
sing
the
intr
insi
c va
lue
met
hod.
In
res
pect
of
Opt
ions
gra
nted
und
er t
he E
mpl
oyee
Sto
ck O
ptio
ns p
lan,
in a
ccor
danc
e w
ith t
he g
uide
lines
issu
ed b
y SE
BI,
the
acco
untin
g va
lue
of t
he o
ptio
ns is
acc
ount
ed a
s de
ferr
ed e
mpl
oyee
com
pens
atio
n, w
hich
is a
mor
tized
on
a st
raig
ht li
ne b
asis
ov
er t
he p
erio
d be
twee
n th
e da
te o
f gr
ant
of o
ptio
ns a
nd e
ligib
le d
ates
for
con
vers
ion
into
equ
ity s
hare
s. C
onse
quen
tly,
Empl
oyee
ben
efits
exp
ense
( N
ote
no. 2
5) in
clud
es R
s.15
.68
lacs
deb
it (P
revi
ous
year
Rs.
17.0
3 la
cs c
redi
t) b
eing
the
amor
tisat
ion
of d
efer
red
empl
oyee
com
pens
atio
n.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
56A
NN
UA
L RE
PORT
201
2-13
57
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
4. L
ONG-TER
M BORR
OWIN
GS
Term
Loa
ns - Sec
ured
*
- R
upee
loan
s fr
om b
anks
11,
361.
88
4,4
00.8
6
- F
orei
gn c
urre
ncy
loan
s fr
om b
anks
34,
927.
35
32,
851.
25
46,28
9.23
37,25
2.11
Less
: Sh
own
in c
urre
nt m
atur
ities
of
long
-ter
m d
ebt
(Ref
er N
ote
9)
- F
orei
gn c
urre
ncy
loan
s fr
om b
anks
2,2
79.7
3 -
- R
upee
loan
fro
m b
anks
2,6
11.8
8 3
,416
.63
41,39
7.62
33,83
5.48
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
6. LO
NG-TER
M PRO
VISIO
NS
Prov
isio
n fo
r em
ploy
ee b
enef
its.
- L
eave
enc
ashm
ent
(Ref
er N
ote
37)
433
.58
402
.10
433
.58
402
.10
7. SH
ORT
-TER
M BORR
OWIN
GS
Secu
red - from Ban
ks
- C
ash
cred
it (r
epay
able
on
dem
and)
26,
042.
97
27,
770.
79
- O
ther
s 3
,000
.00
-
Uns
ecured
- f
rom
ban
ks 1
,500
.00
-
30,54
2.97
27,77
0.79
8. T
RADE PA
YABL
ESD
ue t
o M
icro
and
Sm
all e
nter
pris
es (R
efer
Not
e be
low
) -
-
Oth
ers
# 1
1,72
4.85
1
1,73
7.61
11,72
4.85
11,73
7.61
5. D
EFER
RED TAX LIABILITIES
(NET
)Ru
pees
in la
cs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
Deferred Tax
Liabilities:
Rela
ted
to f
ixed
ass
ets
6,9
71.7
1 6
,515
.26
On
acco
unt
of t
ax h
olid
ay -
6,9
71.7
1 6
,515
.26
Deferred Tax
Assets:
ECB
adju
stm
ent
625
.49
415
.72
Prov
isio
n fo
r gr
atui
ty a
nd le
ave
enca
shm
ent
197
.98
191
.14
Prov
isio
n fo
r do
ubtf
ul d
ebts
and
oth
ers
265
.24
275
.40
1,0
88.7
1 8
82.2
6
Deferred Tax
Liability (Net)
5,883
.00
5,633
.00
Nam
eRO
IBa
lanc
e installm
ents
Year of
Maturity
Outstan
ding
as on
31.03.20
13
Outstan
ding
as on
31.03.20
12
Stat
e Ba
nk o
f H
yder
abad
- R
upee
Ter
m L
oan
12.9
5%4
QFe
b 20
14 9
81.8
1 1
,984
.23
Stat
e Ba
nk o
f Tr
avan
core
- R
upee
Ter
m L
oan
Mar
201
3 -
1
,666
.63
Stat
e Ba
nk o
f In
dia
- Ru
pee
Term
Loa
n12
.30%
4 Q
Mar
201
4 3
80.0
7 7
50.0
0
IDBI
Ban
k Lt
d. -
Rup
ee T
erm
Loa
n12
.00%
16 Q
July
201
7 5
,000
.00
-
Stat
e Ba
nk o
f H
yder
abad
- R
upee
Ter
m L
oan
12.7
0%16
QA
ug 2
017
5,0
00.0
0 -
ICIC
I Ban
k Lt
d -
ECB
$ 2
00.0
0 la
csLI
BOR+
3.75
%21
QA
pril
2018
10,
877.
86
10,
231.
21
ICIC
I Ban
k Lt
d -
ECB
$ 2
92.1
7 la
csLI
BOR+
3.92
%21
QJu
ly 2
018
15,
891.
09
14,
946.
56
Stat
e Ba
nk o
f In
dia
- E
CB $
150
.00
lacs
LIBO
R+3.
80%
8 H
YJu
ly 2
018
8,1
58.4
0 7
,673
.48
46,28
9.23
37,25
2.11
i).
The
abov
e lo
ans
are
secu
red
by a
par
i-pas
su fi
rst c
harg
e on
gro
ss b
lock
of f
ixed
ass
ets
of th
e Co
mpa
ny, b
oth
pres
ent a
nd fu
ture
.
ii).
Non
-fun
d ba
sed
faci
litie
s pr
ovid
ed b
y ba
nks
are
also
sec
ured
by
a se
cond
cha
rge
on t
he f
ixed
ass
ets
of t
he C
ompa
ny
iii).
Term
of
repa
ymen
t an
d in
tere
st a
re a
s fo
llow
s:-
i)
Cash
cre
dit l
oans
from
ban
ks -
secu
red
by h
ypot
heca
tion
of in
vent
orie
s an
d bo
ok d
ebts
. Fur
ther
sec
ured
by
a se
cond
cha
rge
on
fixed
ass
ets
of t
he C
ompa
ny.
Note:
The
Com
pany
has
not
rec
eive
d in
form
atio
n fr
om s
uppl
iers
or
serv
ice
prov
ider
s, w
heth
er t
hey
are
cove
red
unde
r M
icro
, Sm
all a
nd
Med
ium
Ent
erpr
ises
(Dev
elop
men
t) A
ct, 2
006
and
henc
e it
has
not
been
pos
sibl
e to
asc
erta
in t
he r
equi
red
info
rmat
ion
rela
ting
to
amou
nts
unpa
id,if
any
, as
at y
ear
end
toge
ther
with
inte
rest
pai
d or
pay
able
to
them
.
9. O
THER
CURR
ENT LIABILITIES
Curr
ent
mat
uriti
es o
f lo
ng-t
erm
deb
t
- F
orei
gn c
urre
ncy
loan
s fr
om b
anks
2,2
79.7
3 -
- R
upee
loan
fro
m b
anks
2,6
11.8
8 3
,416
.63
Inte
rest
acc
rued
but
not
due
on
borr
owin
gs 2
65.7
9 2
64.0
8
Inte
rest
acc
rued
and
due
on
borr
owin
gs -
2
9.11
On
acco
unt
of c
apita
l goo
ds/ s
ervi
ces
644
.32
135
.08
Adv
ance
s fr
om c
usto
mer
s an
d ot
hers
7,9
15.7
7 1
0,26
6.51
Unc
laim
ed d
ivid
ends
# 8
5.70
7
7.30
Other pay
ables :
- S
ecur
ity d
epos
its 3
78.7
4 1
45.3
5
- A
ccru
ed s
alar
y an
d be
nefit
s 3
27.0
5 2
27.1
7
- S
tatu
tory
due
s 8
91.3
5 7
35.2
2
15,40
0.33
15,29
6.45
# T
his
does
not
incl
ude
any
amou
nt d
ue a
nd o
utst
andi
ng, t
o be
cre
dite
d to
the
Inve
stor
Edu
catio
n an
d Pr
otec
tion
Fund
.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
58A
NN
UA
L RE
PORT
201
2-13
59
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
10. SH
ORT
-TER
M PRO
VISIO
NS
For
empl
oyee
ben
efits
.
- G
ratu
ity (S
ee N
ote
37)
47.
69
54.
57
- L
eave
enc
ashm
ent
(See
Not
e 37
) 1
28.9
4 1
32.4
5
Prem
ium
on
rede
mpt
ion
of F
CCB
-
-
Prop
osed
div
iden
d 1
,063
.20
1,0
61.6
3
Tax
on p
ropo
sed
divi
dend
180
.69
172
.22
For
taxa
tion
(net
of
paym
ents
) 6
71.1
1 6
8.80
For
exci
se d
uty
on c
losi
ng s
tock
0.0
1 3
1.30
Oth
er c
ontin
genc
ies
7.3
6 7
.36
Total
2,099
.00
1,528
.33
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
12. N
ON CURR
ENT IN
VES
TMEN
TS (A
T CO
ST) (
UN
QU
OTE
D)
i) Tr
ade
Inve
stm
ents
Equi
ty S
hare
s of
Joi
nt V
entu
re C
ompa
nies
Radi
co N
V D
istil
lerie
s M
ahar
asht
ra L
imite
d -
26,5
9,50
0 (p
revi
ous
year
: 26,
59,5
00)
equi
ty s
hare
s of
Rs.
100
eac
h, f
ully
pai
d up
, (Se
e fo
ot n
otes
(a) &
(b) g
iven
bel
ow)
2,8
05.7
4 2
,805
.74
Equi
ty S
hare
s of
Ass
ocia
te C
ompa
ny
Radi
co G
loba
l Lim
ited
- 9
0,65
0 (P
revi
ous
year
: 90,
650)
equ
ity s
hare
s of
AED
100
each
, ful
ly p
aid
up -
inco
rpor
ated
in J
ebel
Ali
Free
Zon
e, D
ubai
(See
foo
t no
te (a
) gi
ven
belo
w)
1,0
30.4
5 1
,030
.45
Pref
eren
ce S
hare
s of
Joi
nt V
entu
re C
ompa
ny
Radi
co N
V D
istil
lerie
s M
ahar
asht
ra L
imite
d -
20,0
0,00
0 (P
revi
ous
year
: 20,
00,0
00)
10%
cum
ulat
ive,
non
-con
vert
ible
pre
fere
nce
shar
es o
f Rs
.100
eac
h, f
ully
pai
d up
2,0
00.0
0 2
,000
.00
5,836
.19
5,836
.19
ii) N
on-t
rade
Inve
stm
ents
New
Urb
an C
oope
rativ
e Ba
nk L
td. -
2,3
88 (P
revi
ous
year
: 2,3
88) e
quity
sha
res
of
Rs. 2
5 ea
ch, f
ully
pai
d up
0.6
0 0
.60
Gov
ernm
ent
or t
rust
sec
uriti
es (U
nquo
ted)
6 ye
ar N
atio
nal S
avin
gs C
ertif
icat
es (D
epos
ited
with
Gov
ernm
ent
Dep
artm
ents
as
secu
rity)
-
1.3
0
0.60
1.90
5,836
.79
5,838
.09
11. FIXED
ASS
ETS
(Ref
er N
ote
no. 1
.04
and
1.05
)Ru
pees
in la
cs
Description
of Assets
Gross Block
Dep
reciation
Net Block
As at
01.04.20
12Additions
Ded
uction
sAs at
31.03.20
13Upto
31.03.20
12Fo
r the
year
Written
bac
kUpto
31.03.20
13As at
31.03.20
13As at
31.03.20
12
Tang
ible
Ass
ets
Free
hold
land
2
,185
.91
27.
13
-
2,2
13.0
4 -
-
-
-
2
,213
.04
2,1
85.9
1
Leas
ehol
d la
nd
1,9
46.5
4 -
-
1
,946
.54
1,2
94.9
4 8
.77
-
1,3
03.7
1 6
42.8
3 6
51.6
0
Build
ings
6
,919
.71
746
.07
179
.98
7,4
85.8
0 1
,065
.56
232
.64
-
1,2
98.2
0 6
,187
.60
5,8
54.1
5
Plan
t &
equ
ipm
ents
4
8,26
1.61
5
,687
.08
1,0
21.8
5 5
2,92
6.84
1
2,50
9.08
2
,628
.49
548
.09
14,
589.
48
38,
337.
36
35,
752.
53
Off
ice
equi
pmen
ts
394
.26
17.
28
2.4
4 4
09.1
0 2
25.3
2 1
7.24
1
.70
240
.86
168
.24
168
.94
Furn
iture
& f
ittin
gs
456
.29
13.
22
0.1
9 4
69.3
2 2
41.5
0 2
5.31
0
.14
266
.67
202
.65
214
.79
Veh
icle
s 9
32.1
0 1
17.8
1 4
8.61
1
,001
.30
269
.14
89.
00
31.
67
326
.47
674
.83
662
.96
Leas
ehol
d im
prov
emen
ts
772
.95
-
-
772
.95
460
.53
79.
41
-
539
.94
233
.01
312
.42
61,
869.
37
6,6
08.5
9 1
,253
.07
67,
224.
89
16,
066.
07
3,0
80.8
6 5
81.6
0 1
8,56
5.33
4
8,65
9.56
4
5,80
3.30
Inta
ngib
le A
sset
s
Bran
ds &
tra
de m
arks
5
,004
.70
236
.96
-
5,2
41.6
6 1
,815
.63
254
.19
-
2,0
69.8
2 3
,171
.84
3,1
89.0
7
Goo
dwill
9
55.0
0 -
-
9
55.0
0 3
82.0
0 4
7.75
-
4
29.7
5 5
25.2
5 5
73.0
0
Soft
war
es
866
.18
84.
79
-
950
.97
209
.87
154
.67
-
364
.54
586
.43
656
.31
6,8
25.8
8 3
21.7
5 -
7
,147
.63
2,4
07.5
0 4
56.6
1 -
2
,864
.11
4,2
83.5
2 4
,418
.38
Tota
l 6
8,69
5.25
6
,930
.34
1,2
53.0
7 7
4,37
2.52
1
8,47
3.57
3
,537
.47
581
.60
21,
429.
44
52,
943.
08
50,
221.
68
Prev
ious
yea
r 5
7,27
8.75
1
1,77
0.15
3
53.6
5 6
8,69
5.25
1
5,38
8.80
3
,290
.30
205
.53
18,
473.
57
50,
221.
68
41,
889.
95
Not
es:
a)
Gro
ss b
lock
of
Plan
t an
d eq
uipm
ent
is n
et o
f ca
pita
l sub
sidy
of
Rs 2
15.4
0 la
cs r
ecei
ved
durin
g th
e ye
ar 2
011-
12 f
rom
Min
istr
y of
New
and
Ren
ewab
le E
nerg
y, G
ovt.
of
Indi
a.
b)
Add
ition
s to
Pla
nt a
nd E
quip
men
t in
clud
es R
s.64
6.64
lacs
, tow
ards
adj
ustm
ents
for
eign
exc
hang
e lo
ss/ (
gain
) (p
revi
ous
year
: Rs
.128
1.30
lacs
) on
long
ter
m f
orei
gn c
urre
ncy
borr
owin
gs.
Foot N
otes
a)
No
prov
isio
n ha
s be
en m
ade
for
dim
inut
ion
in t
he v
alue
of
inve
stm
ents
in
Radi
co G
loba
l Lt
d. a
nd R
adic
o N
V D
istil
lerie
s M
ahar
asht
ra L
td.,
as in
the
opi
nion
of
the
man
agem
ent,
the
inve
stm
ents
hav
e be
en m
ade
on a
long
ter
m b
asis
and
are
of
stra
tegi
c na
ture
and
the
dim
inut
ion
is c
onsi
dere
d te
mpo
rary
in n
atur
e .
b)
13,5
6,38
5 eq
uity
sha
res
of R
adic
o N
V D
istil
lerie
s M
ahar
asht
ra L
td. h
ave
been
ple
dged
with
ban
k as
sec
urity
for
loan
s gr
ante
d to
the
m.
13. LONG-TER
M LOANS AND ADVANCES
(Uns
ecur
ed-
Cons
ider
ed G
ood
Unl
ess
Oth
erw
ise
Stat
ed)
Capi
tal A
dvan
ces
6,0
17.4
2 5
,432
.66
Secu
rity
Dep
osits
956
.16
1,0
68.0
6
Prep
aid
expe
nses
342
.56
395
.12
MA
T cr
edit
avai
labl
e fo
r se
t of
f (r
efer
not
e -
36(i)
) 1
,577
.50
1,5
77.5
0
Adv
ance
s re
cove
rabl
e in
cas
h or
kin
d 4
.60
66.
78
8,898
.24
8,540
.12
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
60A
NN
UA
L RE
PORT
201
2-13
61
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
14. CURR
ENT IN
VES
TMEN
TS (A
t lo
wer
of
cost
or
fair
valu
e)
Non
Trade - Unq
uoted
i) Eq
uity Sha
res
Raya
lase
ema
Pape
r M
ills
Ltd
- 16
,901
(Pre
viou
s ye
ar: 1
6,90
1) e
quity
sha
res
of
Rs.1
0 ea
ch, f
ully
pai
d up
, 2
.05
2.0
5
ii) U
nits of Mutua
l Fun
ds
Relia
nce
Smal
l Cap
Fun
d (G
row
th P
lan)
- (P
revi
ous
year
: 30,
00,0
00) U
nits
of
Rs.1
0 ea
ch, f
ully
pai
d up
-
300
.00
SBI D
ynam
ic B
ond
Fund
( G
row
th P
lan)
-155
,487
(Pre
viou
s ye
ar: 1
55,4
87) u
nits
of
Rs.1
0 ea
ch, f
ully
pai
d up
(NA
V R
s. 2
2.92
lacs
- Pr
evio
us Y
ear
Rs.2
0.51
lacs
) 2
0.00
2
0.00
Cert
ifica
te o
f de
posi
t w
ith a
fin
anci
al in
stitu
tion
(SIC
OM
Ltd
) 5
,000
.00
5,0
00.0
0
5,022
.05
5,322
.05
Less
:- D
imin
utio
n in
val
ue o
f cu
rren
t in
vest
men
ts -
2
6.39
5,022
.05
5,295
.66
Rupe
es in
lacs
Particu
lars
As at
31.03.20
13As at
31.03.20
12
17. CASH
AND BANK BA
LANCES
Bala
nces
with
ban
ks
- in
cur
rent
acc
ount
s 1
,371
.32
1,0
04.9
4
- in
ter
m d
epos
its #
266
.04
1,0
62.7
7
- in
unp
aid
divi
dend
acc
ount
s 8
6.54
7
7.85
Cash
on
hand
24.
85
25.
08
Dep
osit
with
Pos
t O
ffic
e -
5
.00
Less
: Dep
osits
with
mor
e th
an 1
2 m
onth
s m
atur
ity s
how
n un
der
othe
r no
n-cu
rren
t as
sets
(149
.07)
(71.
79)
1,599
.68
2,103
.85
# D
epos
it in
clud
es
Und
er li
en w
ith G
over
nmen
t de
part
men
t an
d ba
nks
as s
ecur
ity.
266
.04
734
.96
15. IN
VEN
TORIES
(Ref
er N
ote
1.07
on
valu
atio
n)
Raw
mat
eria
ls 6
,958
.74
5,8
74.0
2
Stoc
k in
pro
cess
1,3
72.7
6 1
,437
.17
Fini
shed
goo
ds 6
,456
.70
7,2
95.2
6
Stoc
k-in
-tra
de 3
04.6
3 2
78.9
5
Stor
es &
spa
res
1,6
24.2
9 1
,265
.20
Pack
ing
mat
eria
ls 1
,821
.85
1,7
67.3
1
Goo
ds in
tra
nsit
- Ra
w m
ater
ial
79.
56
-
18,
618.
53
17,
917.
91
Less
: Pro
visi
on f
or o
bsol
ete
and
non
mov
ing
inve
ntor
y 1
23.5
6 1
73.3
5
18,49
4.97
17,74
4.56
18. SH
ORT
-TER
M LOANS AND ADVANCES
(Uns
ecur
ed-
Cons
ider
ed g
ood,
unl
ess
othe
rwis
e st
ated
)
Loan
s an
d ad
vanc
es t
o re
late
d pa
rtie
s
- R
adic
o N
V D
istil
lerie
s M
ahar
asht
ra L
imite
d (J
oint
Ven
ture
) 1
85.3
9 1
,065
.84
- R
adic
o G
loba
l Lim
ited
(Ass
ocia
te)
435
.12
409
.25
Adv
ance
s re
cove
rabl
e in
cas
h or
kin
d:
- C
onsi
dere
d go
od #
2,6
48.5
3 2
,865
.81
- C
onsi
dere
d do
ubtf
ul 8
4.41
4
6.44
Le
ss: P
rovi
sion
for
dou
btfu
l adv
ance
(84.
41)
(46.
44)
Inte
r co
rpor
ate
depo
sits
11,
900.
00
7,8
00.0
0
Adv
ance
s to
Con
trac
t Bo
ttlin
g U
nits
#
- C
onsi
dere
d go
od #
19,
520.
94
18,
954.
51
- C
onsi
dere
d do
ubtf
ul 7
5.00
-
Le
ss: P
rovi
sion
for
dou
btfu
l adv
ance
(75.
00)
-
Other Loa
ns and
Adva
nces
- S
ales
tax
pai
d un
der
prot
est
18.
11
18.
11
- C
laim
s an
d D
utie
s Re
cove
rabl
e fr
om E
xcis
e D
epar
tmen
t 3
,642
.63
2,0
87.8
3
- O
ther
bal
ance
s re
cove
rabl
e fr
om S
tatu
tory
/ Gov
ernm
ent
auth
oriti
es 1
04.1
7 9
3.53
- S
ecur
ity D
epos
its 4
01.9
5 2
33.3
5
- P
repa
id e
xpen
ses
1,0
69.2
8 1
,198
.58
39,92
6.12
34,72
6.81
# i
nclu
des
due
from
Rad
ico
NV
Dis
tille
ries
Mah
aras
htra
Ltd
., a
Join
t V
entu
re 1
,155
.88
1,9
63.0
3
16. TR
ADE RE
CEIVABL
ES (U
nsec
ured
- Co
nsid
ered
goo
d, u
nles
s ot
herw
ise
stat
ed)
Out
stan
ding
for
a p
erio
d ex
ceed
ing
six
mon
ths
from
the
due
dat
e
- U
nsec
ured
, con
side
red
good
6,6
89.7
4 6
,818
.85
- U
nsec
ured
, con
side
red
doub
tful
630
.59
582
.73
7,3
20.3
3 7
,401
.58
Less
: Pro
visi
on f
or d
oubt
ful d
ebts
(630
.59)
(582
.73)
Oth
ers
36,
848.
35
27,
960.
36
43,53
8.09
34,77
9.21
19
. OTH
ER CURR
ENT ASS
ETS
(Uns
ecur
ed -
Con
side
red
good
)
Inte
rest
acc
rued
on
- t
erm
dep
osits
37.
11
50.
99
- lo
ans
and
adva
nces
574
.89
283
.06
Acc
rued
exc
ise
subs
idy
1,1
41.5
7 1
,775
.73
Acc
rued
exp
ort
ince
ntiv
es 1
,610
.37
1,3
13.4
1
Total
3,363
.94
3,423
.19
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
62A
NN
UA
L RE
PORT
201
2-13
63
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
Current Yea
r Prev
ious
Yea
r
20. RE
VEN
UE FR
OM O
PERA
TIONS
(Ref
er N
ote
1.08
on
reve
nue
reco
gniti
on)
Sale of
- A
lcoh
ol a
nd o
ther
alc
ohol
ic p
rodu
cts
213
,568
.53
160
,122
.82
- P
et b
ottle
s &
cap
s 7
,559
.29
8,0
69.2
2
- J
aivi
k kh
ad 1
21.4
8 2
9.90
- P
rinte
d bo
ttle
s 2
,262
.40
2,2
39.1
7
- O
ther
s (B
lend
s &
Oth
ers)
887
.98
1,2
07.1
9
Sale of trad
ed goo
ds
- In
dian
Mad
e Fo
reig
n Li
quor
2,1
56.0
0 3
,008
.99
- A
lcoh
ol 4
,163
.17
7,8
77.4
5
- Im
port
ed L
iquo
r 8
35.1
5 3
67.8
3
Inco
me
from
Ope
ratio
ns t
hrou
gh O
ther
Dis
tille
ries
/ Bot
tling
Uni
ts 1
3,22
5.96
1
0,60
6.22
Other operating reve
nues
- E
xpor
t in
cent
ives
2,1
32.8
8 2
,250
.71
- C
enva
t cr
edit
utili
sed
658
.79
504
.64
- E
xcis
e re
venu
e su
bsid
y in
com
e 3
23.5
7 1
,021
.63
- P
ower
sub
sidy
inco
me
74.
88
-
- S
crap
sal
es 9
20.5
4 8
32.7
7
248
,890
.62
198
,138
.54
Rupe
es in
lacs
Particu
lars
Current Yea
r Prev
ious
Yea
r
23. PU
RCHASE
OF TR
ADED
GOODS
Indi
an m
ade
fore
ign
liquo
r 2
,201
.90
3,0
99.2
9
Alc
ohol
3,6
13.5
7 6
,243
.78
Impo
rted
Liq
uor
365
.79
98.
20
6,181
.26
9,441
.27
21. OTH
ER IN
COME
Interest in
come on
- T
erm
dep
osit
with
ban
ks a
nd f
inan
cial
inst
itutio
ns 5
14.6
5 7
94.7
6
- L
oans
and
adv
ance
s (in
clud
ing
inte
r co
rpor
ate
depo
sits
) 2
,312
.76
1,2
70.2
0
- In
tere
st o
n in
com
e ta
x re
fund
s -
-
Div
iden
d in
com
e on
cur
rent
inve
stm
ents
-
0.5
7
Prof
it on
sal
e of
cur
rent
inve
stm
ents
22.
55
-
Prof
it on
sal
e of
fix
ed a
sset
s 4
0.27
5
.58
Exce
ss p
rovi
sion
s w
ritte
n ba
ck 7
7.06
3
6.87
Mis
cella
neou
s in
com
e
74.
17
29.
17
3,041
.46
2,137
.15
24. CHANGES
IN IN
VEN
TORIES
OF TR
ADED
GOODS,FINISHED
GOODS AND STO
CK-IN
-PRO
CES
SOpen
ing Stoc
k
Stoc
k-in
-tra
de (T
rade
d go
ods)
278
.95
77.
87
Fini
shed
goo
ds 7
,295
.26
5,8
82.4
5
Stoc
k in
pro
cess
1,4
37.1
7 1
,355
.10
9,0
11.3
8 7
,315
.42
Less : Closing
Stock
Stoc
k-in
-tra
de (T
rade
d go
ods)
304
.63
278
.95
Fini
shed
goo
ds 6
,456
.70
7,2
95.2
6
Stoc
k in
pro
cess
1,3
72.7
6 1
,437
.17
8,1
34.0
9 9
,011
.38
877
.29
(1,69
5.96
)
25. EM
PLOYE
E BE
NEF
ITS EX
PENSE
(Ref
er N
ote
1.11
on
empl
oyee
ben
efits
)
Sala
ries,
wag
es a
nd a
llow
ance
s 6
,987
.92
6,2
91.4
1
Cont
ribut
ion
to p
rovi
dent
and
oth
er f
unds
465
.23
426
.02
Gra
tuity
1
00.8
2 8
9.77
Empl
oyee
sto
ck o
ptio
ns s
chem
e -
(Ref
er N
ote
2) 1
5.68
(1
7.03
)
Staf
f w
elfa
re e
xpen
ses
303
.33
273
.38
7,872
.98
7,063
.55
26. FINANCE COST
SIn
tere
st e
xpen
se 6
,828
.59
5,7
11.7
3
Oth
er b
orro
win
g co
sts
176
.99
103
.50
7,005
.58
5,815
.23
27. DEP
RECIATION AND AMORT
IZATION EXPE
NSE
Dep
reci
atio
n of
tan
gibl
e as
sets
3,0
80.8
6 2
,866
.81
Am
ortis
atio
n of
inta
ngib
le a
sset
s 4
56.6
1 4
23.4
9
3,5
37.4
7 3
,290
.30
Less
: Tra
nsfe
r fr
om r
eval
uatio
n re
serv
e 6
.36
6.3
6
3,531
.11
3,283
.94
22. COST
OF MATE
RIALS
CONSU
MED
Raw M
aterials
Ope
ning
Sto
ck 5
,874
.02
2,6
38.2
2
Add
: Pur
chas
es 3
4,62
9.71
3
1,79
1.65
40,
503.
73
34,
429.
87
Less
: Clo
sing
Sto
ck 6
,958
.74
5,8
74.0
2
Raw
mat
eria
l con
sum
ed 3
3,54
4.99
2
8,55
5.85
Pack
ing
mat
eria
ls c
onsu
med
17,
897.
11
18,
311.
23
51,44
2.10
46,86
7.08
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
64A
NN
UA
L RE
PORT
201
2-13
65
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
Rupe
es in
lacs
Particu
lars
Current Yea
r Prev
ious
Yea
r
28. OTH
ER EXPE
NSE
SPo
wer
and
fue
l 3
,914
.14
3,6
55.0
0
Stor
es a
nd s
pare
s co
nsum
ed 3
,003
.18
2,8
31.4
7
Repa
irs a
nd m
aint
enan
ce
- B
uild
ing
82.
52
104
.03
- P
lant
and
equ
ipm
ent
1,1
10.0
0 1
,023
.52
- O
ther
s 1
90.5
0 1
67.6
8
Mac
hine
ry a
nd o
ther
hire
cha
rges
191
.67
153
.60
Insu
ranc
e 4
14.4
1 3
01.2
7
Rent
432
.80
309
.88
Rate
s an
d ta
xes
2,3
08.0
1 2
,102
.23
Trav
ellin
g -
Dire
ctor
s 9
5.68
7
9.90
-
Oth
ers
883
.61
825
.49
Dire
ctor
s' fe
e 5
.15
3.8
5
Fore
ign
exch
ange
flu
ctua
tions
(net
) 1
,099
.84
336
.34
Prov
isio
n fo
r ob
sole
te a
nd n
on m
ovin
g in
vent
ory
40.
89
113
.63
Obs
olet
e an
d no
n m
ovin
g in
vent
ory
writ
ten
off
-
28.
26
Char
ity a
nd d
onat
ion
23.
03
23.
86
Prov
isio
n fo
r do
ubtf
ul d
ebts
/ ad
vanc
es 1
60.8
3 7
3.07
Bad
debt
s / a
dvan
ces
writ
ten
off
2.1
2 4
3.44
Less
: A
djus
ted
agai
nst
prov
isio
n -
(2
5.18
)
Bio
com
post
ing
expe
nses
651
.94
453
.75
Prof
essi
onal
Fee
& r
etai
ners
hip
expe
nses
425
.05
574
.05
Com
mun
icat
ion
191
.29
194
.61
Sund
ry b
alan
ces
writ
ten
off
66.
18
47.
13
Prov
isio
n fo
r di
min
utio
n in
val
ue o
f in
vest
men
t (2
6.39
) 1
1.73
Loss
on
sale
/ w
rite
off
of a
sset
s 4
83.0
9 9
3.03
Bank
cha
rges
60.
59
94.
57
Oth
er o
verh
eads
1,7
67.3
3 1
,683
.51
Selli
ng a
nd d
istr
ibut
ion:
- F
reig
ht o
utw
ards
4,8
90.9
7 4
,859
.18
- S
uper
visi
on c
harg
es -
aft
er s
ales
997
.59
716
.04
- S
uper
visi
on c
harg
es t
o su
perv
isor
s 1
,119
.19
1,0
71.8
8
- R
ebat
e di
scou
nt a
nd a
llow
ance
4,8
21.8
3 3
,152
.90
- A
dver
tisem
ent
& s
ales
pro
mot
ion
11,
634.
79
10,
699.
10
41,04
1.83
35,80
2.82
Rupe
es in
lacs
Particu
lars
Current Yea
r Prev
ious
Yea
r
30. EA
RNIN
G PER
SHARE
Prof
it af
ter
tax
attr
ibut
able
to
equi
ty s
hare
hol
ders
(aft
er d
educ
ting
prio
r pe
riod
and
extr
a or
dina
ry it
ems)
- f
or B
asic
EPS
7,7
28.2
4 6
,366
.00
Prof
it af
ter
tax
attr
ibut
able
to
equi
ty s
hare
hol
ders
(aft
er d
educ
ting
prio
r pe
riod
and
extr
a or
dina
ry it
ems)
- f
or D
ilute
d EP
S 7
,743
.92
6,3
48.9
7
Basi
c w
eigh
ted
aver
age
no. o
f eq
uity
sha
res
of R
s. 2
/- e
ach
132
,778
,852
1
32,6
35,8
16
Dilu
ted
wei
ghte
d av
erag
e no
. of
equi
ty s
hare
s of
Rs.
2/-
eac
h 1
33,1
99,1
75
133
,292
,140
Basi
c ea
rnin
g pe
r sh
are
(Rs)
5.8
2 4
.80
Dilu
ted
earn
ing
per
shar
e (R
s) 5
.81
4.7
6
Sinc
e th
e po
tent
ial e
quity
on
acco
unt
of E
SOP
was
ant
i dilu
tive
in t
he p
revi
ous
year
, the
dilu
ted
earn
ing
rem
ains
the
sam
e as
Bas
ic (R
s)
Rupe
es in
lacs
Particu
lars
2012
-13
2011
-12
31. ES
TIMATED AMOUNT OF CA
PITA
L CO
MMITMEN
TS ( NET OF ADVA
NCE
S )
2,6
64.3
5 2
,169
.19
29. EX
CEP
TIONAL ITEM
SLo
ss o
n sa
le o
f no
n cu
rren
t in
vest
men
t (T
rade
)
(of
Dia
geo
Radi
co D
istil
lerie
s Pr
ivat
e Li
mite
d -
a Jo
int
Ven
ture
) -
1
,249
.89
-
1,249
.89
32. CONTINGEN
T LIABILITIES
NOT PR
OVID
ED FOR:
i)Cl
aim
s ag
ains
t th
e Co
mpa
ny ,
not
ackn
owle
dged
as
debt
s
(a)
Dis
pute
d lia
bilit
y re
latin
g to
ESI
Con
trib
utio
n 0
.89
0.8
9
(b)
Dis
pute
d lia
bilit
y re
latin
g to
PF
cont
ribut
ion
of c
ontr
acto
r la
bour
32.
44
32.
44
(c)
Dis
pute
d lia
bilit
y re
latin
g to
pay
men
t of
late
re-
calib
ratio
n fe
es o
n ve
rific
atio
n an
d st
ampi
ng o
f m
anuf
actu
ring
vats
/tan
ks in
stal
led
at
dist
iller
y.
88.
00
88.
00
(d)
Dis
pute
d cl
aim
rel
atin
g to
ref
und
of e
xpor
t du
ty o
n re
ctifi
ed s
pirit
10.
62
10.
62
(e)
Dis
pute
d En
try
Tax
dem
and-
mat
ter
unde
r ap
peal
6.8
6 6
.86
(f)
Dis
pute
d Pe
nalty
U/S
10
for
purc
hase
of
HSD
( D
iese
l) -m
atte
r un
der
appe
al 3
.02
3.0
2
(g)
Dis
pute
d Ex
cise
mat
ters
401
.23
442
.68
(h)
Dis
pute
d St
amp
duty
cla
im a
risin
g ou
t of
am
alga
mat
ion,
bei
ng
cont
este
d 8
0.00
8
0.00
(i)D
ispu
ted
dem
ands
on
acco
unt
of s
ervi
ce t
ax in
clud
ing
inte
rest
and
pe
nalty
the
reon
for
the
per
iod
July
200
3 to
Mar
ch 2
012,
bei
ng
cont
este
d an
d un
der
appe
al
10,
865.
61
8,2
59.4
7
11,48
8.67
8,923
.98
In r
espe
ct o
f th
e ite
ms
abov
e, f
utur
e ca
sh o
utflo
ws
are
dete
rmin
able
on
ly o
n re
ceip
t of
judg
emen
ts /
deci
sion
s pe
ndin
g at
var
ious
for
ums
/ au
thor
ities
.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
66A
NN
UA
L RE
PORT
201
2-13
67
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
ii)G
uara
ntee
/ sec
urity
giv
en t
o Ba
nks
on b
ehal
f of
Rad
ico
NV
Dis
tille
ries
Mah
aras
htra
Ltd
:
(a)
Corp
orat
e G
uara
ntee
5,6
40.0
0 4
,140
.00
(b)
Aga
inst
ple
dge
of C
ompa
ny's
Fixe
d D
epos
it fo
r de
man
d lo
an -
4
50.0
0
(c)
As
co-o
blig
ant
for
vehi
cle
loan
7
5.04
1
10.7
4
iii)
The
Com
pany
ent
ered
into
an
agre
emen
t da
ted
23rd
Feb
ruar
y, 2
007
with
Fo
rtun
e Br
and
Prom
otio
n A
nd M
anag
emen
t Tr
ust
(the
Tru
st),
(of
whi
ch
the
Com
pany
is t
he S
ettle
r) f
or c
arry
ing
out
bran
d m
anag
emen
t se
rvic
es.
In c
onsi
dera
tion
of t
he s
ame,
the
Com
pany
is r
equi
red
to p
ay b
rand
m
anag
emen
t fe
e to
the
Tru
st. S
ales
pro
mot
ion
expe
nses
for
the
yea
r in
clud
e Rs
.184
5.16
lacs
(Pre
viou
s ye
ar R
s.18
11.7
6 la
cs) p
aid
to t
he T
rust
on
the
basi
s of
the
ir in
voic
es. T
he a
gree
men
t is
to
cont
inue
for
a p
erio
d of
sev
en
year
s, u
nles
s te
rmin
ated
ear
lier.
As
per
the
Trus
t D
eed
and
agre
emen
t,
the
Trus
t fu
nd is
hel
d fo
r th
e be
nefit
of
the
lend
ers
in r
espe
ct o
f th
eir
outs
tand
ing
dues
and
the
bra
nd o
wne
rs (t
he C
ompa
ny) i
n re
spec
t of
res
idua
l in
tere
st. O
n te
rmin
atio
n of
the
agr
eem
ent
at a
ny t
ime,
the
Com
pany
will
be
liabl
e to
pay
to
the
Trus
t of
its
outs
tand
ing
borr
owin
g, a
s re
duce
d by
the
fu
nds
avai
labl
e to
the
Tru
st a
nd a
lso
the
othe
r co
sts
and
expe
nses
tow
ards
cl
osin
g of
the
Tru
st.
As
secu
rity,
cha
rge
by w
ay o
f hy
poth
ecat
ion
has
been
cre
ated
on
the
trad
e m
arks
and
cop
y rig
hts
of t
wo
self
gene
rate
d br
ands
of
the
Com
pany
in f
avou
r of
a B
ank
and
regi
ster
ed in
the
off
ice
of R
egis
trar
of
Com
pani
es a
s pe
r se
ctio
n 12
5 of
the
Com
pani
es A
ct 1
956.
On
the
basi
s of
info
rmat
ion
from
the
Tru
st,
the
outs
tand
ing
loan
as
on t
he B
alan
ce S
heet
dat
e is
:
2,6
31.2
5 3
,366
.98
iv)
Mad
hya
Prad
esh
Stat
e In
dust
rial D
evel
opm
ent
Corp
orat
ion
Ltd.
in F
ebru
ary
2007
dem
ande
d a
sum
of
Rs.1
68.0
9 la
cs b
esid
es u
nspe
cifie
d ex
pens
es a
risin
g ou
t of
the
alle
ged
non
com
plia
nce
of c
ondi
tions
rel
atin
g to
its
hold
ing
of
shar
es in
Abh
ishe
k Ce
men
t Lt
d. p
rior
to t
he m
erge
r of
Rad
ico
Khai
tan
Ltd.
in
the
yea
r 20
02-0
3. I
ts a
ctio
n ha
s re
sulte
d in
a s
um o
f Rs
.72.
84 la
cs h
eld
in S
tate
Ban
k of
Indi
a be
ing
atta
ched
. The
rec
over
y pr
ocee
ding
s in
itiat
ed b
y lo
cal C
olle
ctor
Off
ice
are
stay
ed u
nder
the
Ord
ers
of t
he M
adhy
a Pr
ades
h H
igh
Cour
t. T
he C
ompa
ny h
as t
aken
sui
tabl
e st
eps
to c
onte
st t
he r
ecov
ery
proc
eedi
ngs.
v)U
nder
the
"Re
ceiv
able
buy
out"
fac
ility
of
Rs 4
500.
00 la
cs s
anct
ione
d by
IDBI
Ba
nk L
td. a
gain
st t
rade
rec
eiva
bles
fro
m C
ante
en S
tore
s D
epar
tmen
t, t
he
amou
nt a
vaile
d an
d ou
tsta
ndin
g as
on
31st
Mar
ch, 2
013
have
bee
n se
t of
f ag
ains
t th
e re
ceiv
able
s an
d ad
vanc
es t
o CB
Us.
The
am
ount
out
stan
ding
as
on
the
Bala
nce
Shee
t da
te is
:
3,8
69.7
7 3
,599
.35
32. CONTINGEN
T LIABILITIES
NOT PR
OVID
ED FOR: (c
ontd
.)Ru
pees
in la
cs
Particu
lars
2012
-13
2011
-12
33.
In t
he o
pini
on o
f th
e M
anag
emen
t an
d to
the
bes
t of
the
ir kn
owle
dge
and
belie
f, t
he v
alue
on
real
isat
ion
of c
urre
nt a
sset
s,
loan
s an
d ad
vanc
es i
n th
e or
dina
ry c
ours
e of
bus
ines
s w
ould
not
be
less
tha
n th
e am
ount
at
whi
ch t
hey
are
stat
ed i
n th
e Ba
lanc
e Sh
eet.
34.
Purs
uant
to
the
amen
dmen
t by
way
of a
dditi
on o
f par
as 4
6 an
d 46
A t
o A
S-11
on
effe
ct o
f cha
nges
in fo
reig
n ex
chan
ge r
ates
, th
e Co
mpa
ny h
ad e
xcer
cise
d th
e op
tion
of d
efer
ring
the
fore
ign
exch
ange
flu
ctua
tion
gain
/ lo
ss in
res
pect
of
the
acco
untin
g pe
riods
com
men
cing
from
01.
04.2
007.
Fur
ther
, suc
h fo
reig
n ex
chan
ge d
iffer
ence
s re
latin
g to
acq
uisi
tion
of d
epre
ciab
le c
apita
l as
sets
hav
e be
en a
djus
ted
to t
he c
ost
of s
uch
asse
ts a
nd d
epre
ciat
ed o
ver
the
bala
nce
life
of t
he a
sset
s.
A
s a
resu
lt, fo
reig
n ex
chan
ge lo
ss o
f Rs
646.
64 la
cs (p
revi
ous
year
Rs
1281
.30
lacs
) lon
g te
rm fo
reig
n cu
rren
cy it
ems
pert
aini
ng
to c
apita
l ass
ets
has
bee
n ad
just
ed t
o fix
ed a
sset
s. O
ut o
f th
e fo
reig
n cu
rren
cy m
onet
ary
item
s tr
ansl
atio
n di
ffer
ence
acc
ount
of
Rs.
4114
.11
lacs
(deb
it) (p
revi
ous
year
Rs.
2981
.51
lacs
), as
on
31.0
3.20
13, a
sum
of R
s 77
1.81
lacs
(pre
viou
s ye
ar R
s.29
6.86
la
cs)
has
been
deb
ited
to lo
ss o
n fo
reig
n ex
chan
ge f
luct
uatio
n ac
coun
t du
ring
the
year
.
35.
The
Com
pany
has
tak
en p
rem
ises
on
oper
atin
g le
ase.
The
leas
e pa
ymen
ts c
harg
ed d
urin
g th
e ye
ar t
o th
e St
atem
ent
of p
rofit
an
d lo
ss a
ccou
nt a
mou
nts
to R
s 45
4.72
lacs
. (Pr
evio
us Y
ear:
Rs.
322.
69 la
cs).
Am
ount
due
with
in o
ne y
ear
Rs 3
28.9
6 la
cs.
36. INCOME TA
X -
i)
Prov
isio
n fo
r Inc
ome
Tax
for t
he y
ear h
as b
een
mad
e as
per
nor
mal
pro
visi
ons
of th
e In
com
e Ta
x A
ct, 1
961.
The
MA
T cr
edit
to t
he e
xten
t of
Rs.
703
.28
lacs
will
be
adju
sted
the
reag
ains
t. T
he C
ompa
ny c
an a
vail
the
bene
fit o
f unu
tiliz
ed M
AT
cred
it w
ithin
the
per
iod
prov
ided
in la
w.
ii)
Th
e Co
mpa
ny’s
fact
ory
prem
ises
and
off
ices
wer
e se
arch
ed b
y th
e In
com
e Ta
x D
epar
tmen
t on
15t
h Fe
brua
ry, 2
011.
The
re
wer
e no
sei
zure
of c
ash
or s
tock
s et
c. fr
om th
e Co
mpa
ny’s
pre
mis
es. T
he C
ompa
ny re
ceiv
ed n
otic
es u
nder
sec
tion
153A
of
the
Inco
me
Tax
Act
, 196
1 in
res
pect
of
A.Y
’s 2
005-
06 t
o 20
10-1
1 an
d u/
s 14
3(2)
for
scr
utin
y as
sess
men
t fo
r as
sess
men
t ye
ar 2
011-
12. T
he a
sses
smen
t pr
ocee
ding
s ar
e cu
rren
tly in
pro
gres
s. In
vie
w o
f th
e on
goin
g as
sess
men
t pr
ocee
ding
s, t
he
Com
pany
is n
ot in
a p
ositi
on t
o as
cert
ain
the
poss
ible
liab
ility
on
acco
unt
of t
his
actio
n.
37. E
MPL
OYE
E BE
NEF
ITS : A
S-15
(i)
Th
e Co
mpa
ny h
as ta
ken
a po
licy
with
Life
Insu
ranc
e Co
rpor
atio
n of
Indi
a (L
IC) f
or m
eetin
g th
e ac
crui
ng li
abili
ty o
n ac
coun
t of
gra
tuity
. The
pre
miu
m, a
ctua
rially
asc
erta
ined
by
LIC,
is c
harg
ed to
the
Stat
emen
t of p
rofit
and
loss
. The
am
ount
deb
ited
to p
rofit
& lo
ss a
ccou
nt is
Rs.
100
.82
lacs
.
(ii
) In
res
pect
of
leav
e en
cash
men
t, p
rovi
sion
is
mad
e ba
sed
on t
he a
ctua
rial
valu
atio
n by
an
inde
pend
ent
Act
uary
. Th
e fo
llow
ing
info
rmat
ion
as r
equi
red
unde
r A
S-15
are
bas
ed o
n th
e re
port
of
the
Act
uary
/ L.
I.C.
Rupe
es in
lacs
31.03.20
1331
.03.20
12
Leav
e En
cash
men
t
AEc
onom
ic a
ssum
ptio
ns
i)D
isco
untin
g ra
te
8.00
%8.
50%
ii)Fu
ture
sal
ary
incr
ease
5.
50%
6.00
%iii
)Ex
pect
ed r
ate
of r
etur
n on
pla
n as
sets
0.
00%
0.00
%B
Brea
k up
of
expe
nses
a)Cu
rren
t se
rvic
e co
st
6
6.32
6
6.24
b)
Inte
rest
cos
t
42.
76
40.
28
c)N
et a
ctua
rial (
gain
)/ lo
ss r
ecog
nize
d in
the
per
iod
0.4
5 3
6.22
d)
Expe
nses
rec
ogni
zed
in t
he s
tate
men
t of
pro
fit &
loss
109
.53
142
.74
CCh
ange
in p
rese
nt v
alue
of
oblig
atio
n a)
Pres
ent v
alue
of o
blig
atio
n as
at t
he b
egin
ning
of t
he p
erio
d 0
1/04
/201
2 5
34.5
5 4
73.9
0 b)
Inte
rest
cos
t
42.
76
40.
28
c)Cu
rren
t se
rvic
e co
st 6
6.32
6
6.24
d)
Bene
fits
paid
(81.
56)
(82.
09)
e)A
ctua
rial (
gain
)/los
s on
obl
igat
ion
0.4
5 3
6.22
f)
Pres
ent
valu
e of
obl
igat
ion
as a
t th
e en
d of
per
iod
31/0
3/20
13 5
62.5
2 5
34.5
5
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
68A
NN
UA
L RE
PORT
201
2-13
69
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
37.E
MPL
OYE
E BE
NEF
ITS : A
S-15
(con
td.)
Rupe
es in
lacs
31.03.20
1331
.03.20
12
Gratuity
AEc
onom
ic assum
ption
s
a)D
isco
untin
g ra
te
8.00
%8.
00%
b)Fu
ture
sal
ary
incr
ease
5.
00%
5.00
%c)
Expe
cted
rat
e of
ret
urn
on p
lan
asse
ts
9.40
%9.
40%
BBrea
k up
of ex
pen
ses
a)Cu
rren
t se
rvic
e co
st
6
5.40
5
7.60
b)
Inte
rest
cos
t
60.
81
52.
15
c)Ex
pect
ed r
etur
n on
pla
n as
sets
(66.
29)
(57.
03)
d)N
et a
ctua
rial (
gain
)/ lo
ss r
ecog
nize
d in
the
per
iod
40.
90
37.
05
e)Ex
pens
es r
ecog
nize
d in
the
sta
tem
ent
of p
rofit
& lo
ss 1
00.8
2 8
9.77
CCha
nge in present value
of ob
ligation
a)Pr
esen
t val
ue o
f obl
igat
ion
as a
t the
beg
inni
ng o
f the
per
iod
01/
04/2
012
760
.10
652
.01
b)In
tere
st c
ost
6
0.81
5
2.15
c)
Curr
ent
serv
ice
cost
65.
40
57.
60
d)Be
nefit
s pa
id (5
5.18
) (3
8.71
)e)
Act
uaria
l (ga
in)/l
oss
on o
blig
atio
n 4
0.90
3
7.05
f)
Pres
ent
valu
e of
obl
igat
ion
as a
t th
e en
d of
per
iod
31/0
3/20
13 8
72.0
3 7
60.1
0
DCha
nge in fair va
lue of plan assets
a)Fa
ir va
lue
of p
lan
asse
ts a
t th
e be
ginn
ing
of t
he y
ear
705
.53
621
.81
b)Ex
pect
ed r
etur
n on
pla
n as
sets
66.
29
57.
03
c)Co
ntrib
utio
ns 1
07.7
0 6
5.40
d)
Bene
fits
paid
(55.
18)
(38.
71)
e)Fa
ir va
lue
of p
lan
asse
ts a
t th
e en
d of
the
yea
r 8
24.3
4 7
05.5
3 f)
Liab
ility
rec
ogni
sed
in t
he b
alan
ce s
heet
47.
69
54.
57
(iii)
The Com
pan
y in addition ha
s reco
gnised
as ex
pen
se the
following:-
a)Co
ntrib
utio
n to
rec
ogni
sed
Prov
iden
t Fu
nd (i
nclu
ding
Fam
ily P
ensi
on)
292
.79
269
.11
b)Co
ntrib
utio
n to
LIC
tow
ards
Sup
eran
nuat
ion.
144
.84
131
.42
c)M
edic
al in
sura
nce
prem
ium
. 1
16.4
6 1
03.1
2 d)
Cont
ribut
ion
to E
mpl
oyee
s St
ate
Insu
ranc
e 2
7.60
2
5.49
38. S
EGMEN
T RE
PORT
ING :
Ba
sed
on t
he g
uide
line
in A
ccou
ntin
g St
anda
rd o
n se
gmen
t re
port
ing
( A
S- 1
7),
the
Com
pany
’s p
rimar
y bu
sine
ss s
egm
ent
is
man
ufac
ture
and
tra
ding
in li
quor
. The
liqu
or b
usin
ess
inco
rpor
ates
the
pro
duct
gro
ups,
nam
ely,
rec
tifie
d sp
irit,
cou
ntry
liqu
or
and
IMFL
whi
ch m
ainl
y ha
ve s
imila
r ris
ks a
nd r
etur
ns.
Ther
efor
e, s
egm
ent
repo
rtin
g is
not
app
licab
le.
39. R
ELATE
D PART
Y DISCLO
SURE
AS PE
R ACCOUNTING STA
NDARD
-18
:
A
Re
late
d pa
rtie
s an
d th
eir
rela
tions
hip
:
I
Ente
rpris
es t
hat
dire
ctly
, or
ind
irect
ly t
hrou
gh o
ne o
r m
ore
inte
rmed
iarie
s,co
ntro
l, or
are
con
trol
led
by,
or a
re u
nder
co
mm
on c
ontr
ol w
ith, t
he r
epor
ting
ente
rpris
e :
(1)
Sapp
hire
Intr
ex L
td.
II
Ass
ocia
tes
and
Join
t V
entu
res
(1)
Radi
co N
V D
istil
lerie
s M
ahar
asht
ra L
imite
d
(2
) Ra
dico
Glo
bal L
imite
d ( A
ssoc
iate
)
III
Ke
y M
anag
emen
t pe
rson
nel :
(1
) D
r. L
alit
Khai
tan
, Ch
airm
an &
Man
agin
g D
irect
or
(2
) M
r. A
bhis
hek
Kha
itan
, M
anag
ing
Dire
ctor
(3)
Mr.
K.P
.Sin
gh ,
Who
le T
ime
Dire
ctor
Rela
tives
: (1
) M
rs. D
eeps
hikh
a Kh
aita
n (W
ife o
f M
r A
bhis
hek
Khai
tan)
(2)
Mrs
. Sha
ilaja
Sar
af (
Dau
ghte
r of
Dr
Lalit
Kha
itan)
(3)
Mr.
Pad
man
abh
Man
delia
( G
rand
son
of
Dr
Lalit
Kha
itan)
B Trans
action
with ab
ove in the
ord
inary co
urse of bus
iness :
Rupe
es in
lacs
31.03.20
1331
.03.20
12
Key Man
agem
ent Pe
rson
nel :
Dr.
Lal
it Kh
aita
n ,
Chai
rman
& M
anag
ing
Dire
ctor
Rem
uner
atio
n 1
84.1
3 1
87.3
2 M
r. A
bhis
hek
Kha
itan
, M
anag
ing
Dire
ctor
Rem
uner
atio
n 1
46.5
0 1
47.8
1 M
r. K
.P.S
ingh
, W
hole
Tim
e D
irect
orRe
mun
erat
ion
88.
91
88.
43
Mrs
. Dee
pshi
kha
Khai
tan
(wife
of
Mr
Abh
ishe
k Kh
aita
n)Re
mun
erat
ion
14.
25
10.
53
Mrs
. Sha
ilaja
Sar
af (
Dau
ghte
r of
Dr
Lalit
Kha
itan
)Re
mun
erat
ion
8.7
8 7
.94
Mr.
Pad
man
abh
Man
delia
( G
rand
son
of
Dr
Lalit
Kha
itan
)Re
mun
erat
ion
17.
65
10.
61
Enterp
rises that direc
tly, or indirec
tly throug
h on
e or m
ore
interm
ediaries,con
trol, o
r are co
ntrolle
d by, or are un
der com
mon
con
trol
with, the
rep
orting
enterprise :
Sapp
hire
Intr
ex L
td.
Rent
Pai
d (e
xclu
ding
ser
vice
tax
of
Rs 4
.91
lacs
bor
ne b
y th
e Co
mpa
ny.)
60.
00
60.
00
Assoc
iates an
d Joint Ven
tures
Radi
co N
V D
istil
lerie
s M
ahar
asht
ra L
imite
dSa
le o
f G
oods
510
.41
562
.12
Reim
burs
emen
t of
IT s
uppo
rt c
harg
es (
Cr )
39.
33
44.
12
Tie-
up o
pera
tion
inco
me
(net
of
bott
ling
char
ges)
1,2
67.2
2 1
,238
.68
Inte
rest
inco
me
on lo
an g
iven
18.
49
56.
38
Purc
hase
of
mat
eria
ls 4
,576
.73
7,5
97.4
8 In
vest
men
t in
sha
re c
apita
l -
3
93.7
4 Re
ceiv
able
1,3
41.2
7 3
,028
.86
Gua
rant
ee/ S
ecur
ity g
iven
by
Radi
co K
haita
n Li
mite
d 5
,715
.04
4,7
00.7
4 Ra
dico
Glo
bal L
td.
Loan
out
stan
ding
at
the
end
of t
he y
ear
435
.11
409
.25
Inte
rest
acc
rued
and
out
stan
ding
at
the
end
of t
he y
ear
58.
06
25.
25
Inte
rest
inco
me
for
the
year
26.
18
31.
88
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
70A
NN
UA
L RE
PORT
201
2-13
71
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
40. T
he details of the Com
pan
y’s interest in
its Joint Ven
tures, hav
ing Joint Con
trol, a
s per the
req
uiremen
ts of
AS-27
on Fina
ncial R
eporting
of Interest in
Joint Ven
tures are as und
er : (Un-au
dited
)Ru
pees
in la
cs
Radico NV D
istille
ries M
aharashtra Ltd
.
Particu
lars
Una
udited
31
.03.20
13 Aud
ited
31
.03.20
12
% O
wne
rshi
p In
tere
st36
.00%
36.0
0%
aA
sset
s 1
0,66
8.43
1
0,23
3.26
bLi
abili
ties
5,5
23.8
2 7
,205
.73
cIn
com
e 8
,722
.34
7,1
46.4
5
dEx
pens
es 8
,345
.23
6,7
73.5
5
eCo
ntin
gent
Lia
bilit
ies
570
.00
562
.80
fCa
pita
l Com
mitm
ents
636
.85
1.4
1
41.RE
MUNER
ATION TO AUDITORS
Ru
pees
in la
cs
Particu
lars
31.03.20
1331
.03.20
12
aA
udit
Fee
20.
00
20.
00
Cert
ifica
tion
of S
tate
men
ts
4.9
0 3
.50
Serv
ice
tax
3.4
9 2
.42
Expe
nses
for
aud
it an
d ot
her
wor
k 3
.83
4.4
7
bCo
st A
udit
Fee
0.8
4 0
.58
Expe
nses
for
Cos
t A
udit
0.2
0 0
.16
42.
In t
he o
pini
on o
f th
e m
anag
emen
t, t
here
is n
o im
pairm
ent
of a
sset
s re
quiri
ng p
rovi
sion
in a
ccor
danc
e w
ith A
S-28
.
43. QUANTITA
TIVE AND O
THER
INFO
RMATION
a) Particu
lars of Cap
acity an
d Produc
tion
Rupe
es in
lacs
Unit
Licen
sed
Installed*
Cap
acity
Produc
tion
per ann
um
1. M
olas
ses
/ Gra
in /
Mal
t sp
irit*
KL/B
L A
T 94
% 1
02,4
60
102
,460
8
2,82
6
(102
,460
) (1
02,4
60)
(85,
886)
KL/A
L 9
6,31
2 9
6,31
2 7
7,85
6
(96,
312)
(96,
312)
(80,
733)
2. B
io g
as
000
'M3
No
licen
ce r
equi
red
32,
621
(37,
397)
3. P
et b
ottle
s
NO
S./1
000
No
licen
ce r
equi
red
600
,000
5
73,7
17
(600
,000
) (5
72,3
62)
43. QUANTITA
TIVE AND O
THER
INFO
RMATION
(con
td.)
b) O
pen
ing Stoc
k, Closing
Stock
& Turno
ver
Rupe
es in
lacs
Unit
Open
ing Stoc
k Closing
Stock
Turnov
er
Qty
Value
Q
ty
Value
Q
ty
Value
1.
Alc
ohol
pro
duct
s
(a
) Rec
tifie
d sp
irit
KL/A
L 1
,601
4
49.0
1 1
,198
3
44.4
8 4,
141
1,1
44.5
5
(2,2
44)
(537
.19)
(1,6
01)
(449
.01)
(7,8
41)
(2,6
10.6
7)
(b
) Sile
nt s
pirit
KL/A
L 2
,512
8
46.7
8 2
,027
6
77.0
0 34
,579
1
7,12
7.98
(702
) (2
13.5
3) (2
,512
) (8
46.7
8)(3
7,41
1) (1
6,85
2.87
)
(c
) Can
e ju
ice
spiri
tKL
/AL
74
54.
20
(160
) (8
0.96
)
(d
) Mal
t sp
irit
KL/A
L 1
,742
3
,037
.30
1,4
55
2,8
05.2
9 11
0 2
42.7
0
(1,9
33)
(2,8
09.3
1) (1
,742
) (3
,037
.30)
(179
) (3
41.3
5)
(e
) Gra
in s
pirit
KL/A
L 1
,998
8
74.6
7 2
,140
1
,056
.61
18,5
49
7,9
93.9
7
(1,8
23)
(756
.19)
(1,9
98)
(874
.67)
(17,
041)
(6,7
90.1
0)
(f
) Eth
anol
KL/A
L 9
37
324
.78
0
0.1
1 1,
479
400
.41
(523
) (1
52.1
2) (9
37)
(324
.78)
(2,7
78)
(752
.22)
2. O
ther
alc
ohol
pro
duct
s
(a
) Den
atur
ed s
pirit
KL/A
L 1
0
.29
1
0.3
0 0
-
(1)
(0.3
5) (1
) (0
.29)
(0)
(0.0
0)
(b
) Ind
ian
mad
e fo
reig
n liq
uor
AL
1,1
49,0
80
1,4
72.0
7 9
81,0
39
1,4
36.9
1 26
,514
,605
1
20,0
96.6
4
(1,0
40,1
32)
(1,1
94.6
5) (1
,149
,080
) (1
,472
.07)
(24,
748,
547)
(95,
584.
91)
(c
) Cou
ntry
liqu
orA
L 1
21,4
69
79.
31
16,
882
10.
60
13,2
69,2
48
72,
680.
47
(82,
107)
(50.
56)
(121
,469
) (7
9.31
)(9
,107
,726
) (4
7,70
2.15
)
(d
) Im
port
ed A
lcoh
olic
pro
duct
s
(B
eer
& W
ine)
BOTT
LES
54,
268
146
.17
39,
663
120
.33
310,
157
835
.15
(45,
625)
(47.
45)
(54,
268)
(146
.17)
(99,
812)
(367
.83)
3. P
et b
ottle
s an
d Ca
psN
OS.
8,1
49,0
10
138
.32
11,
174,
120
200
.20
370,
536,
991
7,5
59.2
9
(9,0
35,7
44)
(189
.30)
(8,1
49,0
10)
(138
.32)
(414
,580
,222
) (8
,069
.22)
4. J
aivi
k Kh
adQ
tls 2
84,9
88
205
.51
175
,753
1
09.5
0 17
6,96
5 1
21.4
8
(14,
354)
(9.6
7) (2
84,9
88)
(205
.51)
(63,
122)
(29.
90)
5. O
ther
s 3
,297
.15
(3,7
40.3
9)
6. O
ther
ope
ratin
g in
com
e 1
7,33
6.63
(15,
215.
97)
T
otal:
7,574
.21
6,761
.33
248
,890
.62
(5,9
60.3
2) (7
,574
.21)
(198
,138
.54)
* A
s ce
rtifi
ed b
y th
e M
anag
emen
t an
d no
t ve
rifie
d by
the
Aud
itors
.
Not
e: F
igur
es in
bra
cket
s ar
e th
ose
of p
revi
ous
year
.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
72A
NN
UA
L RE
PORT
201
2-13
73
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
43. QUANTITA
TIVE AND O
THER
INFO
RMATION
(con
td.)
Rupe
es in
lacs
Unit
Current Yea
r Prev
ious
Yea
r
Qua
ntity
Value
Q
uantity
Value
c) P
urch
ases: -
-
Indi
an M
ade
Fore
ign
Liqu
orCa
ses
176
,462
2
,201
.90
272
,724
3
,099
.29
-
Impo
rted
Liq
uors
(Win
e &
Bee
r)Bo
ttle
s 3
10,8
46
365
.79
113
,460
9
8.20
-
Alc
ohol
BL 8
,708
,950
3
,613
.57
18,
181,
200
6,2
43.7
8
6,181
.26
9,441
.27
d) Con
sumption
of raw m
aterials
(i
) M
olas
ses
Qtls
2,4
54,3
30
10,
185.
01
2,7
37,4
21
10,
762.
58
(i
i) C
ane
juic
e Q
tls 1
0,79
8 4
6.75
1
0,87
8 4
3.15
(i
ii)
Barle
y M
alt
Qtls
9,4
10
259
.78
14,
689
362
.69
(i
v)
Sorg
hum
Qtls
3,9
93
50.
11
-
-
(v
) B
roke
n Ri
ceQ
tls 5
89,8
97
7,4
29.5
0 5
51,2
16
5,7
70.5
6
(v
i) M
illet
(Baj
ra)
Qtls
134
,345
1
,373
.29
162
,187
1
,378
.83
(v
ii) M
alt
/Mal
t Sc
otch
/Gra
in/G
raip
e Sp
irits
-
353
.92
-
575
.69
(v
iii) R
ectif
ied
spiri
t / E
xtra
Neu
tral
Alc
ohol
-
5,1
92.7
5 -
1
,420
.37
(i
x)
Resi
nKG
8,0
10,5
95
7,9
32.5
2 7
,996
,044
7
,613
.10
(x
) O
ther
s -
7
21.3
6 -
6
28.8
8
33,54
4.99
28,55
5.85
43. QUANTITA
TIVE AND O
THER
INFO
RMATION
(con
td.)
g) Value
of impo
rted
and
indige
nous ra
w m
aterials, spa
re parts com
pone
nts an
d stores con
sumed
during the year
Rupe
es in
lacs
Raw
Materials
Others
Value
%
of total
Con
sumption
Value
%
of total
Con
sumption
Im
port
ed 6
23.0
7 1
.86
197
.89
1.1
1
(520
.99)
(1.8
2) (1
18.7
5) (0
.65)
In
dige
nous
32,
921.
92
98.
14
17,
699.
22
98.
89
(28,
034.
86)
(98.
18)
(18,
192.
48)
(99.
35)
33,54
4.99
100
.00
17,89
7.11
100
.00
(28,
555.
85)
(100
.00)
(18,
311.
23)
(100
.00)
Rupe
es in
lacs
31.03.20
1331
.03.20
12
e)Value
of im
ports calcu
lated on CIF basis:
Raw
mat
eria
ls
623
.06
520
.99
Com
pone
nts
& s
pare
par
ts 1
97.8
9 1
18.7
5
Purc
hase
s (W
ine
& B
eer)
365
.79
98.
21
Capi
tal g
oods
1,3
18.3
6 1
,373
.53
f)Ex
pen
diture in foreign
currenc
y on
accou
nt of
Fore
ign
trav
el &
sub
scrip
tions
106
.11
71.
87
Inte
rest
/Fin
anci
al e
xp. o
n FC
CB/E
CB 1
,547
.94
1,5
10.7
3
Prem
ium
on
FCCB
-
4,5
64.8
3
Prof
essi
onal
fee
2
8.41
2
9.68
Com
mis
sion
pai
d / I
nsur
ance
pai
d 2
4.61
1
3.86
Loan
to
an A
ssoc
iate
Com
pany
-
409
.25
Frei
ght
1,4
53.6
2 1
,392
.03
Oth
ers
12.
19
3.6
3
Rupe
es in
lacs
31.03.20
1331
.03.20
12
h)Re
mittanc
e in foreign
currenc
y (N
IL)/ or to the
man
date ban
ks on
acco
unt of dividen
ds to non
residen
ts
(i).
Num
ber
of n
on r
esid
ent
shar
ehol
ders
18
18
(ii).
Num
ber
of s
hare
s he
ld b
y th
em 1
5,50
0 1
5,50
0
(iii).
Div
iden
d ( R
s in
lacs
) 0
.12
0.1
1
(iv)
Year
to
whi
ch t
he d
ivid
end
rela
tes
201
1-12
2
010-
11
i)Ea
rnings
in foreign
excha
nge - E
xport of goo
ds on
FOB basis.
21,
200.
38 2
3,96
5.33
Not
e: F
igur
es in
bra
cket
s ar
e th
ose
of p
revi
ous
year
.
44 FORE
IGN CURR
ENCY EX
POSU
RE
31.03.20
1331
.03.20
12
Currenc
y Amou
nt (lacs)
Amou
nt (lacs)
a
Hed
ged
by w
ay o
f fo
rwar
d ex
chan
ge c
ontr
acts
: N
IL
NIL
b
Not
hed
ged:
Borr
owin
gs -
ECB
ICIC
I Ban
k Lt
d.-B
ahra
in U
S$
200
.00
200
.00
ICIC
I Ban
k Lt
d.-B
ahra
in U
S$
292
.17
292
.17
Stat
e Ba
nk o
f In
dia
- Si
ngap
ore
US$
1
50.0
0 1
50.0
0
Inte
rest
pay
able
on
ECB/
FCCB
U
S$
4.7
8 5
.20
Loan
giv
en U
S$
8.0
0 8
.00
Expo
rt R
ecei
vabl
es U
S$
41.
55
107
.90
Expo
rt R
ecei
vabl
es E
uro
-
0.1
0
Adv
ance
fro
m C
usto
mer
s U
S$
79.
09
180
.00
Adv
ance
rec
over
able
in c
ash
or k
ind
US$
0
.08
-
Bala
nce
with
ban
ks U
S$
1.4
3 5
.50
c
Ther
e ar
e no
der
ivat
ive
cont
ract
s ou
tsta
ndin
g as
on
the
bala
nce
shee
t da
te.
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
RAD
ICO
KH
AIT
AN
LIM
ITED
74A
NN
UA
L RE
PORT
201
2-13
75
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
45.
The
Com
pany
has
ent
ered
into
arr
ange
men
ts w
ith c
erta
in d
istil
lerie
s an
d b
ottli
ng u
nits
in o
ther
sta
tes
for
man
ufac
ture
and
m
arke
ting
of it
s ow
n IM
FL b
rand
s. T
he m
anuf
actu
re u
nder
the
said
arr
ange
men
t, w
here
in e
ach
part
y's o
blig
atio
ns a
re st
ipul
ated
, is
car
ried
out
unde
r it'
s cl
ose
supe
rvis
ion.
Th
e m
arke
ting
is e
ntire
ly t
he r
espo
nsib
ility
of
the
Com
pany
and
con
sequ
ently
the
Co
mpa
ny i
s re
quire
d to
bea
r ba
d de
bts
aris
ing
on s
ales
. Th
e Co
mpa
ny i
s al
so r
equi
red
to e
nsur
e ad
equa
te f
inan
ce t
o th
e di
still
erie
s, w
here
req
uire
d. A
ccor
ding
ly,
it is
con
side
red
appr
opria
te t
o di
sclo
se t
he f
ollo
win
g in
form
atio
n (u
naud
ited)
, as
ap
plic
able
to
such
act
iviti
es.
46.
The
Boar
d of
Dire
ctor
s in
the
ir m
eetin
g he
ld o
n 8t
h Fe
brua
ry, 2
013
have
re-
appo
inte
d to
Dr
L.K.
Kha
itan,
Mr
Abh
ishe
k Kh
aita
n an
d M
r K.
P.
Sing
h as
Cha
irman
& M
anag
ing
Dire
ctor
, M
anag
ing
Dire
ctor
and
Who
le T
ime
Dire
ctor
res
pect
ivel
y fo
r a
perio
d of
5 y
ears
w.e
.f. 2
0th
Febr
uary
, 201
3 su
bjec
t to
the
app
rova
l of
shar
ehol
ders
and
any
oth
er r
egul
ator
y ap
prov
als
that
may
be
nece
ssar
y. N
eces
sary
res
olut
ions
will
be
plac
ed b
efor
e th
e sh
areh
olde
rs in
the
ens
uing
Ann
ual G
ener
al M
eetin
g.
47.
Prev
ious
yea
r fig
ures
hav
e be
en r
e-gr
oupe
d, w
here
ver
nece
ssar
y, t
o co
rres
pond
to
curr
ent
year
fig
ures
.
(i) In
come from
operations
throu
gh other distille
ries / bottling un
its reflec
ts the
net con
tribution from
the
sales m
ade
by these Units and
is detailed as un
der :
Rupe
es in
lacs
31.03.20
1331
.03.20
12
Gro
ss S
ales
141
,177
.02
113
,539
.63
Net
Sal
es 5
9,01
8.92
4
9,53
4.70
Cost
of
Sale
s 4
1,36
2.87
3
5,00
6.91
Gro
ss P
rofit
17,
656.
05
14,
527.
79
Expe
nses
4,4
30.0
9 3
,921
.56
Inco
me
13,
225.
96
10,
606.
23
ii)
Th
e ba
lanc
e du
e fr
om d
istil
lerie
s un
der
the
arra
ngem
ent,
Rs
1959
5.94
lacs
(Pre
viou
s ye
ar R
s 18
954.
51 la
cs) i
s in
clud
ed
unde
r ad
vanc
es r
ecov
erab
le. T
his
is o
n ac
coun
t of
the
fin
anci
ng b
y th
e co
mpa
ny o
f in
vent
orie
s,de
btor
s an
d ot
her
curr
ent
asse
ts n
et o
f cu
rren
t lia
bilit
ies
on b
ehal
f of
the
Uni
ts. S
uch
adva
nces
incl
ude
Rs.1
889.
38 la
cs (n
et o
f Rs
.75
lacs
pro
vide
d)
in r
espe
ct o
f un
its w
hich
are
clo
sed
and
cons
ider
ed g
ood
and
reco
vera
ble.
The
man
agem
ent
is t
akin
g st
eps
to r
ecov
er
the
amou
nt.
As
per
our
repo
rt o
f ev
en d
ate
Fo
r an
d on
beh
alf
of B
oard
For V. S
anka
r Aiyar &
Co.
Cha
rter
ed A
ccou
ntan
ts
Dilip K. B
anthiya
Dr. Lalit Kha
itan
ICA
I Firm
Reg
n. N
o. 1
0920
8 W
C
hief
Fin
anci
al O
ffic
er
Cha
irman
& M
anag
ing
Dire
ctor
M. S
. Balac
hand
ran
Amit M
anch
anda
Abhish
ek Kha
itan
Part
ner
Gro
up H
ead
- Le
gal &
M
anag
ing
Dire
ctor
Mem
bers
hip
No.
024
282
Com
pany
Sec
reta
ry
Plac
e :
New
Del
hi
Ajay K. Aga
rwal
D
irect
ors
Dat
ed :
28/0
5/20
13
Exec
utiv
e V
ice
Pres
iden
t (F
&A
)
Notes on Accou
nts
for
the
year
end
ed 3
1st M
arch
, 201
3
Not
ice
is h
ereb
y gi
ven
that
the
29t
h A
nnua
l Gen
eral
Mee
ting
of t
he M
embe
rs o
f Ra
dico
Kha
itan
Lim
ited
(RKL
), w
ill b
e he
ld
on 3
0th
day
of S
epte
mbe
r, 2
013
at 1
.00
p.m
. at
the
regi
ster
ed
offic
e of
the
Com
pany
at
Ram
pur
Dis
tille
ry,
Bare
illy
Road
,
Ram
pur
- 24
4 90
1 (U
.P.)
to t
rans
act
the
follo
win
g bu
sine
sses
:
Ord
inar
y Bu
sine
ss:
1.
To re
ceiv
e, c
onsi
der a
nd a
dopt
the
Aud
ited
Acc
ount
s of
the
Com
pany
con
sist
ing
of t
he B
alan
ce S
heet
as
at 3
1st
Mar
ch
2013
and
the
Pro
fit a
nd L
oss
Acc
ount
for
the
yea
r en
ded
on th
at d
ate
incl
udin
g N
otes
ther
eto
toge
ther
with
Rep
orts
of t
he D
irect
ors
and
Aud
itors
the
reon
.
2.
To d
ecla
re d
ivid
end.
3.
To a
ppoi
nt a
dire
ctor
in p
lace
of
Mr.
Ash
utos
h Pa
tra,
who
retir
es b
y ro
tatio
n an
d be
ing
elig
ible
, off
ers
him
self
for
re-
appo
intm
ent.
4.
To a
ppoi
nt a
dire
ctor
in
plac
e of
Mr.
K.P
. Si
ngh,
who
retir
es b
y ro
tatio
n an
d be
ing
elig
ible
, off
ers
him
self
for
re-
appo
intm
ent.
5.
To a
ppoi
nt A
udito
rs a
nd t
o fix
the
ir re
mun
erat
ion
and
in
this
reg
ard
to c
onsi
der
and
if th
ough
t fit
, to
pas
s, w
ith
or w
ithou
t m
odifi
catio
n(s)
, th
e fo
llow
ing
reso
lutio
n as
an
Ord
inar
y Re
solu
tion:
“R
ESO
LVED
tha
t M
/s.
V.
Sank
ar A
iyar
& C
o.,
Char
tere
d
Acc
ount
ants
, ha
ving
Reg
istr
atio
n no
.109
208W
, be
and
is h
ereb
y ap
poin
ted
as A
udito
rs o
f th
e Co
mpa
ny,
to h
old
offic
e fr
om t
he c
oncl
usio
n of
thi
s A
nnua
l Gen
eral
Mee
ting
until
the
conc
lusi
on o
f the
nex
t Ann
ual G
ener
al M
eetin
g of
the
Com
pany
on
such
rem
uner
atio
n as
sha
ll be
fixe
d by
the
Boar
d of
Dire
ctor
s.”
Spec
ial B
usin
ess:
6.
To r
e-ap
poin
t D
r. L
alit
Khai
tan,
as
Chai
rman
& M
anag
ing
Dire
ctor
and
in t
his
rega
rd t
o co
nsid
er a
nd if
tho
ught
fit,
to p
ass,
with
or
with
out
mod
ifica
tion(
s),
the
follo
win
g
reso
lutio
n as
a S
peci
al R
esol
utio
n:
“R
ESO
LVED
th
at
in
acco
rdan
ce
with
th
e pr
ovis
ions
of
Sect
ions
198
, 26
9, 3
09 a
nd 3
11 r
ead
with
Sch
edul
e X
III
and
all o
ther
app
licab
le p
rovi
sion
s, if
any
, of t
he C
ompa
nies
Act
, 195
6 or
any
sta
tuto
ry m
odifi
catio
n(s)
or r
e-en
actm
ent
ther
eof,
ap
prov
al
of
the
Com
pany
be
an
d is
he
reby
acco
rded
to
the
re-a
ppoi
ntm
ent
of
Dr.
Lal
it Kh
aita
n,
as C
hairm
an &
Man
agin
g D
irect
or o
f th
e Co
mpa
ny,
for
a pe
riod
of 5
(fiv
e) y
ears
with
eff
ect
from
20t
h Fe
brua
ry
2013
, on
the
term
s an
d co
nditi
ons
incl
udin
g re
mun
erat
ion
as s
et o
ut i
n th
e Ex
plan
ator
y St
atem
ent
anne
xed
to t
he
Not
ice
conv
enin
g th
is M
eetin
g, w
ith li
bert
y to
the
Boar
d of
Dire
ctor
s (h
erei
naft
er re
ferr
ed to
as
“the
Boa
rd”
whi
ch te
rm
shal
l be
dee
med
to
incl
ude
any
Com
mitt
ee o
f th
e Bo
ard
cons
titut
ed t
o ex
erci
se i
ts p
ower
s, i
nclu
ding
the
pow
ers
conf
erre
d by
thi
s Re
solu
tion)
to
alte
r an
d va
ry t
he t
erm
s
and
cond
ition
s an
d / o
r re
mun
erat
ion,
sub
ject
to
the
sam
e
not
exce
edin
g th
e lim
its s
peci
fied
unde
r Sc
hedu
le X
III t
o
the
Com
pani
es A
ct,
1956
or
any
stat
utor
y m
odifi
catio
n(s)
or r
e-en
actm
ent
ther
eof.
”
“R
ESO
LVED
fu
rthe
r th
at
the
Boar
d be
an
d is
he
reby
auth
oriz
ed t
o ta
ke a
ll su
ch s
teps
as
may
be
nece
ssar
y,
prop
er o
r ex
pedi
ent
to g
ive
effe
ct t
o th
is R
esol
utio
n.”
7.
To re
-app
oint
Mr.
Abh
ishe
k Kh
aita
n, a
s M
anag
ing
Dire
ctor
and
in t
his
rega
rd t
o co
nsid
er a
nd if
tho
ught
fit,
to
pass
,
with
or
with
out
mod
ifica
tion(
s),
the
follo
win
g re
solu
tion
as a
n O
rdin
ary
Reso
lutio
n:
“R
ESO
LVED
th
at
in
acco
rdan
ce
with
th
e pr
ovis
ions
of
Sect
ions
19
8,
269,
30
9 an
d 31
1 re
ad
with
Sc
hedu
le
XIII
and
all
othe
r ap
plic
able
pro
visi
ons,
if
any,
of
the
Com
pani
es A
ct,
1956
or
any
stat
utor
y m
odifi
catio
n(s)
or
re-e
nact
men
t th
ereo
f, a
ppro
val o
f th
e Co
mpa
ny b
e an
d is
here
by a
ccor
ded
to t
he r
e-ap
poin
tmen
t of
Mr.
Abh
ishe
k
Khai
tan,
as
Man
agin
g D
irect
or o
f th
e Co
mpa
ny,
for
a
perio
d of
5 (
five)
yea
rs w
ith e
ffec
t fr
om 2
0th
Feb
ruar
y
2013
, on
the
term
s an
d co
nditi
ons
incl
udin
g re
mun
erat
ion
as s
et o
ut i
n th
e Ex
plan
ator
y St
atem
ent
anne
xed
to t
he
Not
ice
conv
enin
g th
is M
eetin
g, w
ith li
bert
y to
the
Boar
d of
Dire
ctor
s (h
erei
naft
er re
ferr
ed to
as
“the
Boa
rd”
whi
ch te
rm
shal
l be
dee
med
to
incl
ude
any
Com
mitt
ee o
f th
e Bo
ard
cons
titut
ed t
o ex
erci
se i
ts p
ower
s, i
nclu
ding
the
pow
ers
conf
erre
d by
thi
s Re
solu
tion)
to
alte
r an
d va
ry t
he t
erm
s
FOR TH
E 29
TH ANNUAL GEN
ERAL MEE
TING
NO
TIC
E
RAD
ICO
KH
AIT
AN
LIM
ITED
76A
NN
UA
L RE
PORT
201
2-13
77
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
1)
A m
ember e
ntitled to
attend
the
mee
ting
and
vote
therea
t is entitled to ap
point a proxy to attend
and
vote
instea
d of himself and
the
proxy nee
d not be a mem
ber
of the
Com
pan
y. P
roxies in
order to
be
valid
sho
uld
be duly stam
ped
, co
mpleted and
signe
d and
mus
t be
dep
osited
at the Re
gistered
office of the
Com
pan
y no
t
less tha
n 48
hou
rs b
efore the co
mmen
cemen
t of the
mee
ting
.
2)
Mr.
Ash
utos
h Pa
tra
and
Mr.
K.P
. Si
ngh,
Dire
ctor
s, s
hall
retir
e by
rot
atio
n at
the
ens
uing
Ann
ual G
ener
al M
eetin
g
and
bein
g el
igib
le o
ffer
the
mse
lves
for
re-
appo
intm
ent.
Brie
f re
sum
e of
the
se D
irect
ors,
nat
ure
of t
heir
expe
rtis
e
in s
peci
fic f
unct
iona
l are
as,
nam
es o
f co
mpa
nies
in w
hich
they
hol
d di
rect
orsh
ips
and
mem
bers
hips
/ c
hairm
ansh
ips
of
Boar
d Co
mm
ittee
s,
shar
ehol
ding
an
d re
latio
nshi
ps
betw
een
dire
ctor
s in
ter-
se a
s st
ipul
ated
und
er C
laus
e 49
of
the
List
ing
Agr
eem
ent w
ith th
e St
ock
Exch
ange
s in
Indi
a, a
re
prov
ided
in t
he R
epor
t on
Cor
pora
te G
over
nanc
e fo
rmin
g
part
of
the
Ann
ual
Repo
rt.
The
Boar
d of
Dire
ctor
s of
the
Com
pany
com
men
ds t
heir
resp
ectiv
e re
-app
oint
men
ts.
3)
Mem
bers
are
req
uest
ed t
o br
ing
thei
r A
tten
danc
e Sl
ip
alon
g w
ith t
heir
copy
of
Ann
ual R
epor
t to
the
Mee
ting.
4)
Mem
bers
who
hol
d sh
ares
in
dem
ater
ializ
ed f
orm
are
requ
este
d to
writ
e th
eir
Clie
nt I
D a
nd D
P ID
and
tho
se
who
hol
d sh
ares
in
phys
ical
for
m a
re r
eque
sted
to
writ
e
thei
r Fo
lio N
umbe
r in
the
att
enda
nce
slip
for
atte
ndin
g th
e
Mee
ting.
5)
In c
ase
of jo
int
hold
ers
atte
ndin
g th
e M
eetin
g, o
nly
such
join
t ho
lder
who
is
high
er i
n th
e or
der
of n
ames
will
be
entit
led
to v
ote.
6)
Rele
vant
do
cum
ents
re
ferr
ed
to
in
the
acco
mpa
nyin
g
Not
ice
are
open
for
ins
pect
ion
by t
he m
embe
rs a
t th
e
Regi
ster
ed O
ffic
e of
the
Com
pany
on
all
wor
king
day
s,
exce
pt S
atur
days
, bet
wee
n 11
.00
a.m
. and
1.0
0 p.
m. u
pto
the
date
of
the
Mee
ting.
7)
(a)
The
Com
pany
has
alre
ady
notif
ied
clos
ure
of R
egis
ter
of M
embe
rs a
nd T
rans
fer
Book
s fr
om 2
4th
Sept
embe
r
2013
to
30th
Sep
tem
ber
2013
(bo
th d
ays
incl
usiv
e)
for
dete
rmin
ing
the
nam
es
of
Mem
bers
el
igib
le
for
divi
dend
on
Eq
uity
Sh
ares
, if
decl
ared
at
th
e
Mee
ting.
(b
) Th
e di
vide
nd o
n Eq
uity
Sha
res,
if
decl
ared
at
the
Mee
ting,
will
be
paid
on
or b
efor
e 29
th O
ctob
er 2
013
to t
hose
Mem
bers
who
se n
ames
sha
ll ap
pear
on
the
Com
pany
’s R
egis
ter
of M
embe
rs o
n 30
th S
epte
mbe
r
2013
. In
res
pect
of
the
shar
es h
eld
in d
emat
eria
lized
form
, th
e di
vide
nd w
ill b
e pa
id t
o m
embe
rs w
hose
nam
es a
re f
urni
shed
by
Nat
iona
l Sec
uriti
es D
epos
itory
Ltd.
and
Cen
tral
Dep
osito
ry S
ervi
ces
(Indi
a) L
td.
as
bene
ficia
l ow
ners
as
on t
hat
date
.
8)
Purs
uant
to
the
prov
isio
ns o
f Se
ctio
n 20
5A (
5) a
nd 2
05C
of t
he C
ompa
nies
Act
, 195
6, t
he C
ompa
ny h
as t
rans
ferr
ed
the
unpa
id o
r un
clai
med
div
iden
ds f
or t
he f
inan
cial
yea
rs
1995
-96,
199
7, 1
998,
199
9, 2
000,
200
1-20
02,
2002
-
2003
, 20
03-0
4 an
d 20
04-0
5 to
the
Inv
esto
r Ed
ucat
ion
and
Prot
ectio
n Fu
nd (
the
IEPF
) es
tabl
ishe
d by
the
Cen
tral
Gov
ernm
ent.
D
ivid
ends
for
the
fin
anci
al y
ear
ende
d 31
.03.
2006
and
ther
eaft
er, w
hich
rem
ain
unpa
id o
r un
clai
med
for
a p
erio
d
of 7
yea
rs fr
om th
e da
te th
ey b
ecam
e du
e fo
r pay
men
t will
be tr
ansf
erre
d by
the
Com
pany
to IE
PF.
Mem
bers
who
hav
e
not
so f
ar e
ncas
hed
divi
dend
war
rant
(s)
for
the
afor
esai
d
year
s ar
e re
ques
ted
to s
eek
issu
e of
dup
licat
e w
arra
nt (s
) by
writ
ing
to t
he C
ompa
ny’s
Reg
istr
ars
and
Tran
sfer
Age
nts,
M/s
. Mas
Ser
vice
s Lt
d.
M
embe
rs a
re r
eque
sted
to
note
tha
t no
cla
ims
shal
l lie
agai
nst t
he C
ompa
ny o
r the
IEPF
in re
spec
t of a
ny a
mou
nts
whi
ch w
ere
uncl
aim
ed a
nd u
npai
d fo
r a
perio
d of
sev
en
year
s fr
om
the
date
s th
at
they
fir
st
beca
me
due
for
paym
ent
and
no p
aym
ent
shal
l be
mad
e in
res
pect
of
any
such
cla
im.
9)
Non
-Res
iden
t In
dian
Mem
bers
are
req
uest
ed t
o in
form
the
Com
pany
’s R
egis
trar
s an
d Tr
ansf
er A
gent
s, M
/s.
Mas
Serv
ices
Ltd
., im
med
iate
ly o
f:
(a
) Ch
ange
in th
eir R
esid
entia
l sta
tus
on re
turn
to In
dia
for
perm
anen
t se
ttle
men
t.
(b
) Pa
rtic
ular
s of
the
ir Ba
nk A
ccou
nt m
aint
aine
d to
Ind
ia
with
com
plet
e na
me,
bra
nch,
acc
ount
typ
e, a
ccou
nt
num
ber
and
addr
ess
of
the
Bank
w
ith
Pin
Code
Num
ber,
if n
ot f
urni
shed
ear
lier.
10)
Gre
en in
itiat
ive:
In
vie
w o
f gr
een
initi
ativ
e m
easu
res
take
n by
MCA
to
save
pape
rs,
you
are
requ
este
d to
pro
vide
you
r em
ail
id t
o
the
Com
pany
or
upda
te id
with
you
r D
P’s,
so
that
all
the
com
mun
icat
ions
alo
ng w
ith n
otic
es a
nd A
nnua
l Re
port
s
may
be
sent
thr
ough
ele
ctro
nic
mod
e.
The
shar
ehol
ders
may
see
k ph
ysic
al c
opy
also
.
By o
rder
of
the
Boar
d
for Ra
dico Kh
aitan Limited
Amit M
anch
anda
Plac
e : N
ew D
elhi
G
roup
Hea
d –
Lega
l &
Dat
e :
5th
Aug
ust
2013
Co
mpa
ny S
ecre
tary
NO
TES
and
cond
ition
s an
d / o
r re
mun
erat
ion,
sub
ject
to
the
sam
e
not
exce
edin
g th
e lim
its s
peci
fied
unde
r Sc
hedu
le X
III t
o
the
Com
pani
es A
ct,
1956
or
any
stat
utor
y m
odifi
catio
n(s)
or r
e-en
actm
ent
ther
eof.
”
“R
ESO
LVED
fu
rthe
r th
at
the
Boar
d be
an
d is
he
reby
auth
oriz
ed t
o ta
ke a
ll su
ch s
teps
as
may
be
nece
ssar
y,
prop
er o
r ex
pedi
ent
to g
ive
effe
ct t
o th
is R
esol
utio
n.”
8.
To
re-a
ppoi
nt
Mr.
K.
P.
Sing
h,
as
Who
le-t
ime
Dire
ctor
desi
gnat
ed a
s D
irect
or
(Ope
ratio
ns)
and
in t
his
rega
rd
to c
onsi
der
and
if th
ough
t fit
, to
pas
s, w
ith o
r w
ith o
ut
mod
ifica
tion(
s),
the
follo
win
g re
solu
tion
as a
n O
rdin
ary
Reso
lutio
n:
“R
ESO
LVED
th
at
in
acco
rdan
ce
with
th
e pr
ovis
ions
of
Sect
ions
198
, 26
9, 3
09 a
nd 3
11 r
ead
with
Sch
edul
e X
III
and
all o
ther
app
licab
le p
rovi
sion
s, if
any
, of t
he C
ompa
nies
Act
, 195
6 or
any
sta
tuto
ry m
odifi
catio
n(s)
or r
e-en
actm
ent
ther
eof,
ap
prov
al
of
the
Com
pany
be
an
d is
he
reby
acco
rded
to
the
re-a
ppoi
ntm
ent
of M
r. K
.P.
Sing
h, a
s
Who
le-t
ime
Dire
ctor
, de
sign
ated
as
Dire
ctor
(O
pera
tions
)
of t
he C
ompa
ny,
for
a pe
riod
of 5
(fiv
e) y
ears
with
eff
ect
from
20t
h Fe
brua
ry 2
013,
on
the
term
s an
d co
nditi
ons
incl
udin
g re
mun
erat
ion
as
set
out
in
the
Expl
anat
ory
Stat
emen
t an
nexe
d to
the
Not
ice
conv
enin
g th
is M
eetin
g,
with
libe
rty
to th
e Bo
ard
of D
irect
ors (
here
inaf
ter r
efer
red
to
as “
the
Boar
d” w
hich
ter
m s
hall
be d
eem
ed t
o in
clud
e an
y
Com
mitt
ee o
f the
Boa
rd c
onst
itute
d to
exe
rcis
e its
pow
ers,
incl
udin
g th
e po
wer
s co
nfer
red
by t
his
Reso
lutio
n) t
o al
ter
and
vary
the
ter
ms
and
cond
ition
s an
d /
or r
emun
erat
ion,
subj
ect
to t
he s
ame
not
exce
edin
g th
e lim
its s
peci
fied
unde
r Sc
hedu
le X
III t
o th
e Co
mpa
nies
Act
, 19
56 o
r an
y
stat
utor
y m
odifi
catio
n(s)
or
re-e
nact
men
t th
ereo
f.”
“R
ESO
LVED
fu
rthe
r th
at
the
Boar
d be
an
d is
he
reby
auth
oriz
ed t
o ta
ke a
ll su
ch s
teps
as
may
be
nece
ssar
y,
prop
er o
r ex
pedi
ent
to g
ive
effe
ct t
o th
is R
esol
utio
n.”
“R
ESO
LVED
furt
her t
hat t
he a
ppoi
ntm
ent o
f Mr.
K.P
. Sin
gh
for
5 ye
ars
shal
l be
lia
ble
to r
etire
by
rota
tion
with
in t
he
mea
ning
of
Sect
ion
255
& 2
56 o
f th
e Co
mpa
nies
Act
,
1956
and
acc
ordi
ngly
the
Boa
rd i
s he
reby
aut
horiz
ed t
o
reco
nsid
er t
he a
ppoi
ntm
ent
at t
he t
ime
of r
otat
ion.
”
9.
To
cons
ider
and
if
thou
ght
fit,
to p
ass,
with
or
with
out
mod
ifica
tion(
s), t
he f
ollo
win
g as
Spe
cial
Res
olut
ion:
“R
ESO
LVED
tha
t pu
rsua
nt t
o pr
ovis
ions
of
Sect
ion
314
(1)
of t
he C
ompa
nies
Act
, 195
6 re
ad w
ith D
irect
ors’
Rel
ativ
es
(Off
ice
or P
lace
of
Prof
it) R
ules
, 200
3 an
d ot
her
appl
icab
le
prov
isio
ns
and
also
su
bjec
t to
su
ch
othe
r co
nsen
ts,
appr
oval
, sa
nctio
ns,
if re
quire
d,
the
cons
ent
of
the
Com
pany
be
and
is h
ereb
y ac
cord
ed fo
r the
reap
poin
tmen
t
of M
rs.
Dee
pshi
kha
Khai
tan
as C
orpo
rate
Rel
atio
nshi
ps
Man
ager
fo
r a
perio
d of
5 y
ears
w.e
.f.
1st
June
, 20
13 a
t
the
rem
uner
atio
n no
t ex
ceed
ing
the
pres
crib
ed li
mits
”
“R
ESO
LVED
fur
ther
tha
t M
rs.
Dee
pshi
kha
Khai
tan
shal
l
be in
the
exc
lusi
ve e
mpl
oym
ent
of t
he C
ompa
ny a
nd w
ill
not
hold
off
ice
or a
pla
ce o
f pr
ofit
in a
ny o
ther
Com
pany
durin
g th
e pe
riod
of h
er t
enur
e.”
“R
ESO
LVED
fur
ther
tha
t th
e Bo
ard
of D
irect
ors
or a
ny
Com
mitt
ee t
here
of b
e an
d is
her
eby
auth
oriz
ed t
o ta
ke
all
such
ste
ps a
s m
ay b
e ne
cess
ary,
pro
per
or e
xped
ient
to
give
ef
fect
to
th
is
Reso
lutio
n in
clud
ing
revi
sion
in
the
rem
uner
atio
n fr
om t
ime
to t
ime
with
in t
he l
imit
as
pres
crib
ed.”
By o
rder
of
the
Boar
d
for Ra
dico Kh
aitan Limited
Amit M
anch
anda
Plac
e : N
ew D
elhi
G
roup
Hea
d –
Lega
l &
Dat
e :
5th
Aug
ust
2013
Co
mpa
ny S
ecre
tary
RAD
ICO
KH
AIT
AN
LIM
ITED
78A
NN
UA
L RE
PORT
201
2-13
79
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
The
follo
win
g Ex
plan
ator
y St
atem
ent
sets
out
all
mat
eria
l fac
ts
rela
ting
to th
e Sp
ecia
l Bus
ines
s m
entio
ned
in th
e ac
com
pany
ing
Not
ice.
Item
Nos
. 6, 7
& 8
Dr.
Lal
it Kh
aita
n an
d M
r. A
bhis
hek
Khai
tan
have
bee
n th
e
Chai
rman
& M
anag
ing
Dire
ctor
and
Man
agin
g D
irect
or o
f th
e
Com
pany
res
pect
ivel
y si
nce
20th
Feb
ruar
y 20
08.
The
ter
m o
f
thei
r of
fices
has
sin
ce b
een
expi
red
on 1
9th
Febr
uary
201
3.
The
term
of
offic
e of
Shr
i K.
P. S
ingh
, W
hole
-tim
e D
irect
or,
desi
gnat
ed a
s D
irect
or (
Ope
ratio
ns)
of t
he C
ompa
ny h
as s
ince
been
exp
ired
on 1
9th
Febr
uary
201
3.
The
pres
ent
prop
osal
is
to s
eek
the
mem
bers
’ ap
prov
al f
or
the
reap
poin
tmen
t of
and
rem
uner
atio
n pa
yabl
e to
Dr.
Lal
it
Khai
tan,
as
Ch
airm
an
&
Man
agin
g D
irect
or,
Mr.
A
bhis
hek
Khai
tan,
as
Man
agin
g D
irect
or a
nd M
r. K
.P.
Sing
h, a
s W
hole
-
time
Dire
ctor
, de
sign
ated
as
Dire
ctor
(O
pera
tions
), in
ter
ms
of
the
appl
icab
le p
rovi
sion
s of
the
Com
pani
es A
ct, 1
956.
The
Boar
d of
Dire
ctor
s of
the
Com
pany
(th
e “B
oard
”),
on t
he
reco
mm
enda
tion
of N
omin
atio
n Co
mm
ittee
at i
ts m
eetin
g he
ld
on 8
th F
ebru
ary
2013
has
, sub
ject
to th
e ap
prov
al o
f Mem
bers
,
re-a
ppoi
nted
Dr.
Lal
it Kh
aita
n, M
r. A
bhis
hek
Khai
tan
and
Mr.
K.P.
Sin
gh f
or a
fur
ther
per
iod
of 5
yea
rs f
rom
the
exp
iry o
f
thei
r re
spec
tive
term
, on
the
rem
uner
atio
n de
term
ined
by
the
Nom
inat
ion
Com
mitt
ee A
KA R
emun
erat
ion
Com
mitt
ee o
f th
e
Boar
d at
its
mee
ting
held
on
8th
Febr
uary
201
3.
Dr.
Lal
it Kh
aita
n be
ing
over
the
age
of 7
0 ye
ars
as o
n th
e da
te o
f
this
Res
olut
ion,
so
a sp
ecia
l Res
olut
ion
is r
equi
red
to b
e pa
ssed
in t
erm
s of
Sch
edul
e X
III.
Broa
d pa
rtic
ular
s of
th
e te
rms
of
re-a
ppoi
ntm
ent
of
and
rem
uner
atio
n pa
yabl
e to
Dr.
Lal
it Kh
aita
n, M
r. A
bhis
hek
Khai
tan
and
Mr.
K.P
. Sin
gh a
re a
s un
der:
Dr.
Lal
it Kh
aita
n, M
r. A
bhis
hek
Khai
tan
and
Mr.
K.P
. Si
ngh
are
inte
rest
ed i
n th
e re
solu
tions
set
out
res
pect
ivel
y at
Ite
m
Nos
.6,
7 &
8 o
f th
e N
otic
e, w
hich
per
tain
to
thei
r re
spec
tive
re-a
ppoi
ntm
ents
and
rem
uner
atio
n pa
yabl
e to
eac
h of
the
m.
(1) Dr. Lalit Kha
itan
:
I.
Remun
eration:
a)
Salary:
Rs.1
5,00
,000
/-
p.m
. in
th
e sc
ale
of
Rs.1
5,00
,000
/-
– Rs
.2,0
0,00
0/-
– Rs
.23,
00,0
00/-
.
Boar
d of
Dire
ctor
s of
the
Com
pany
may
dec
ide
such
acce
lera
ted
incr
emen
ts a
s m
ay b
e de
emed
app
ropr
iate
at it
s ab
solu
te d
iscr
etio
n.
b) Allo
wan
ces an
d Perquisites:
i) Sp
ecial A
llowan
ce: R
s.7,00
,000
/- per m
onth.
ii)
Hou
sing
:
a)
Re
side
ntia
l ac
com
mod
atio
n O
R H
ouse
Ren
t
Allo
wan
ce @
Rs.
1,20
,000
/- p
er m
onth
(ca
n
be i
ncre
ased
/ de
crea
sed
by a
djus
ting
agai
nst
spec
ial a
llow
ance
if t
here
is c
hang
e in
hou
se
rent
al).
b)
Ex
pens
es p
erta
inin
g to
gas
, el
ectr
icity
, w
ater
and
othe
r ut
ilitie
s w
ill b
e bo
rne/
rei
mbu
rsed
by t
he C
ompa
ny.
iii) C
ontribution
to Prov
iden
t Fu
nd:
Com
pany
’s
cont
ribut
ion
to P
rovi
dent
Fun
d eq
uiva
lent
to
12%
of s
alar
y or
up
to s
uch
an a
mou
nt p
erm
issi
ble
unde
r th
e la
w a
nd a
s m
ay b
e de
cide
d by
the
Boar
d of
Dire
ctor
s fr
om t
ime
to t
ime.
iv) C
ontribution
to
Superan
nuation
Fund
:
Com
pany
’s c
ontr
ibut
ion
to S
uper
annu
atio
n Fu
nd
equi
vale
nt t
o 15
% o
f sa
lary
or
up t
o su
ch a
n
amou
nt p
erm
issi
ble
unde
r th
e la
w a
nd a
s m
ay b
e
deci
ded
by t
he B
oard
of
Dire
ctor
s fr
om t
ime
to
time.
v)
Med
ical Re
imbursemen
t:
Reim
burs
emen
t of
actu
al m
edic
al e
xpen
ses
incu
rred
in
Indi
a an
d/or
abro
ad i
nclu
ding
hos
pita
lisat
ion,
nur
sing
hom
e
and
surg
ical
cha
rges
for
him
self
and
his
fam
ily.
In c
ase
of a
ny m
edic
al t
reat
men
t ab
road
, th
e
trav
ellin
g,
boar
ding
an
d lo
dgin
g ex
pens
es
for
patie
nt a
nd a
tten
dant
are
als
o pa
yabl
e.
vi) C
lub
Mem
bersh
ips:
Su
bscr
iptio
n or
Reim
burs
emen
t of
mem
bers
hip
fees
for
clu
bs i
n
Indi
a an
d/or
abr
oad,
incl
udin
g ad
mis
sion
and
life
mem
bers
hip
fees
.
vii) Perso
nal Acciden
t Insu
ranc
e: P
erso
nal
acci
dent
insu
ranc
e po
licy
in a
ccor
danc
e w
ith t
he s
chem
e
appl
icab
le t
o se
nior
em
ploy
ees
of t
he C
ompa
ny.
viii) G
ratuity:
Gra
tuity
pa
yabl
e sh
all
be
as
per
appl
icab
le la
ws.
ix) L
eave
: Le
ave
with
ful
l pay
or
enca
shm
ent
ther
eof
as p
er t
he r
ules
of
the
Com
pany
. En
cash
men
t of
the
unav
aile
d le
ave
bein
g al
low
ed a
t th
e en
d of
the
tenu
re.
Explana
tion
:
Perq
uisi
tes
shal
l be
eval
uate
d as
per
Inco
me
Tax
Rule
s,
whe
reve
r ap
plic
able
and
in
the
abse
nce
of a
ny s
uch
rule
, per
quis
ites
shal
l be
eval
uate
d at
act
ual c
ost.
c)
Com
mission
: Co
mm
issi
on a
t th
e ra
te o
f up
to
1%
(one
pe
r ce
nt)
of
the
net
prof
its
of
the
Com
pany
for
eac
h fin
anci
al y
ear
and
appr
oved
by
the
Shar
ehol
ders
su
bjec
t to
th
e Bo
ard’
s
reco
mm
enda
tion
to m
ake
paym
ent i
n th
is re
gard
.
d) Amen
ities:
i)
Con
veya
nce facilities:
The
Com
pany
sha
ll pr
ovid
e
suita
ble
conv
eyan
ce f
acili
ties
as m
ay b
e re
quire
d
by t
he C
hairm
an &
Man
agin
g D
irect
or.
ii)
Com
mun
icat
ion
faci
litie
s:
The
Com
pany
shal
l pr
ovid
e te
leph
one,
te
lefa
x an
d ot
her
com
mun
icat
ion
faci
litie
s at
th
e Ch
airm
an
&
Man
agin
g D
irect
or’s
res
iden
ce.
II.
Ove
rall Re
mun
eration:
The
aggr
egat
e of
sal
ary
and
perq
uisi
tes
in a
ny fi
nanc
ial
year
sha
ll no
t ex
ceed
the
lim
its p
resc
ribed
fro
m t
ime
to t
ime
unde
r Se
ctio
ns 1
98 a
nd 3
09 a
nd a
ny o
ther
appl
icab
le p
rovi
sion
s of
the
Com
pani
es A
ct, 1
956
read
with
Sch
edul
e X
III t
o th
e sa
id A
ct a
s m
ay f
or t
he t
ime
bein
g, b
e in
for
ce o
r su
ch a
men
dmen
t th
ereo
f in
the
prov
isio
ns o
r la
w a
s ap
plic
able
.
(2) Mr. Abhish
ek Kha
itan
:
I.
Remun
eration:
a)
Salary:
Rs.1
4,00
,000
/-
p.m
. in
th
e sc
ale
of
Rs.1
4,00
,000
/-
– Rs
.1,8
0,00
0/-
– Rs
.21,
20,0
00/-
.
Boar
d of
Dire
ctor
s of
the
Com
pany
may
dec
ide
such
acce
lera
ted
incr
emen
ts a
s m
ay b
e de
emed
app
ropr
iate
at it
s ab
solu
te d
iscr
etio
n.
b) Allo
wan
ces an
d Perquisites:
i) Sp
ecial A
llowan
ce: R
s.7,00
,000
/- per m
onth.
ii)
Hou
sing
:
a)
Re
side
ntia
l ac
com
mod
atio
n O
R H
ouse
Ren
t
Allo
wan
ce @
Rs.
1,20
,000
/- p
er m
onth
(ca
n
be i
ncre
ased
/ de
crea
sed
by a
djus
ting
agai
nst
spec
ial a
llow
ance
if t
here
is c
hang
e in
hou
se
rent
al).
b)
Ex
pens
es p
erta
inin
g to
gas
, el
ectr
icity
, w
ater
and
othe
r ut
ilitie
s w
ill b
e bo
rne/
rei
mbu
rsed
by t
he C
ompa
ny.
iii) C
ontribution
to Prov
iden
t Fu
nd:
Com
pany
’s
cont
ribut
ion
to P
rovi
dent
Fun
d eq
uiva
lent
to
12%
of s
alar
y or
up
to s
uch
an a
mou
nt p
erm
issi
ble
unde
r th
e la
w a
nd a
s m
ay b
e de
cide
d by
the
Boar
d of
Dire
ctor
s fr
om t
ime
to t
ime.
iv)
Con
tribution to Sup
eran
nuation Fu
nd: C
ompa
ny’s
cont
ribut
ion
to S
uper
annu
atio
n Fu
nd e
quiv
alen
t to
15%
of s
alar
y or
up
to s
uch
an a
mou
nt p
erm
issib
le
unde
r the
law
and
as
may
be
deci
ded
by th
e Bo
ard
of D
irect
ors
from
tim
e to
tim
e.
v)
Med
ical Re
imbursemen
t:
Reim
burs
emen
t of
actu
al m
edic
al e
xpen
ses
incu
rred
in
Indi
a an
d/or
abro
ad i
nclu
ding
hos
pita
lisat
ion,
nur
sing
hom
e
and
surg
ical
cha
rges
for
him
self
and
his
fam
ily.
In c
ase
of a
ny m
edic
al t
reat
men
t ab
road
, th
e
trav
ellin
g,
boar
ding
an
d lo
dgin
g ex
pens
es
for
patie
nt a
nd a
tten
dant
are
als
o pa
yabl
e.
vi) C
lub
Mem
bersh
ips:
Su
bscr
iptio
n or
Reim
burs
emen
t of
mem
bers
hip
fees
for
clu
bs i
n
Indi
a an
d/or
abr
oad,
incl
udin
g ad
mis
sion
and
life
mem
bers
hip
fees
.
vii) Perso
nal Acciden
t Insu
ranc
e: P
erso
nal
acci
dent
insu
ranc
e po
licy
in a
ccor
danc
e w
ith t
he s
chem
e
appl
icab
le t
o se
nior
em
ploy
ees
of t
he C
ompa
ny.
viii) G
ratuity:
Gra
tuity
pa
yabl
e sh
all
be
as
per
appl
icab
le la
ws.
ix)
Leav
e: L
eave
with
ful
l pay
or
enca
shm
ent
ther
eof
as p
er t
he r
ules
of
the
Com
pany
. En
cash
men
t of
the
unav
aile
d le
ave
bein
g al
low
ed a
t th
e en
d of
the
tenu
re.
EXPL
AN
ATO
RY S
TATE
MEN
T PU
RSU
AN
T TO
SEC
TIO
N 1
73(2
) OF
THE
COM
PAN
IES
ACT
, 195
6
AN
NEX
UR
E T
O T
HE N
OT
ICE
RAD
ICO
KH
AIT
AN
LIM
ITED
80A
NN
UA
L RE
PORT
201
2-13
81
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
(Am
ount
in R
s.)
PART
ICULA
RSSA
LARY
W.e.f. 1
.4.201
2 (per m
onth)
HRA
/CO
LEA
SE13
9479
ATT
END
AN
T A
LLO
WA
NCE
1000
0
SPEC
IAL
ALL
OW
AN
CE20
5494
BOO
KS &
PER
IOD
ICA
LS25
00
ELEC
TRIC
ITY
REIM
B (A
T A
CTU
ALS
)25
00
PERK
S (A
S PE
R EL
IGIB
ILIT
Y)
CAR
LEA
SE/C
O C
AR
3200
0
PETR
OL
REIM
B (A
T A
CTU
ALS
)21
000
DRI
VER
SA
LARY
1750
0
CAR
MA
INT
(AT
ACT
UA
LS)
1000
0
OTH
ER B
ENEF
ITS
LTA
2369
4
MED
ICA
L RE
IMB
1250
MED
ICA
L IN
SURA
NCE
2904
STA
TUTO
RY B
ENEF
ITS
PF34
119
SAF
(Elig
ibili
ty a
s pe
r Co
. Pol
icy)
4264
9
GRA
TUIT
Y14
216
GRO
SS S
ALA
RY (A
+ B
)55
9305
Note:
1.
Reim
burs
emen
t of
Pe
trol
Ex
pens
es
will
be
as
pe
r th
e
Com
pany
pol
icy
at t
he r
ates
pre
vaili
ng in
the
Mar
ket
from
time
to ti
me
on p
rodu
ctio
n of
bill
s in
orig
inal
. How
ever
, the
valu
e m
entio
ned
abov
e is
a n
otio
nal v
alue
for
the
pur
pose
of c
alcu
latio
n.
2.
Car
Mai
nten
ance
will
be
as p
er C
ompa
ny C
ar P
olic
y, o
n
prod
uctio
n of
act
ual b
ills.
How
ever
, the
abo
ve g
iven
val
ue
is a
not
iona
l val
ue fo
r the
pur
pose
of c
alcu
latio
n. In
cas
e an
empl
oyee
opt
to
car
leas
e, t
hen
Car
mai
nten
ance
cos
t w
ill
not
be c
onsi
dere
d as
a p
art
of C
TC.
(c)
Perq
uisi
tes:
Unl
ess
the
cont
ext
othe
rwis
e re
quire
s,
perq
uisi
tes
are
clas
sifie
d in
to t
hree
cat
egor
ies,
‘A
’, ‘B
’ an
d
‘C’ a
s fo
llow
s:
Categ
ory ‘A’
Hou
sing
(1
) Th
e ex
pend
iture
inc
urre
d by
the
Com
pany
on
gas,
elec
tric
ity, w
ater
and
furn
ishi
ngs
shal
l be
valu
ed a
s pe
r
the
Inco
me
Tax
Rule
s, 1
962.
(2
) M
edic
al
expe
nditu
re
incu
rred
fo
r hi
mse
lf an
d
fam
ily u
pto
a ce
iling
Rs.
2,84
,327
/- p
er a
nnum
or
Rs.1
4,21
,635
/-
durin
g hi
s te
nure
as
W
hole
tim
e
Dire
ctor
. Th
e M
edic
al E
xpen
ses
upto
Rs.
14,2
1,63
5/-
can
be r
eim
burs
ed e
ither
in lu
mp
sum
or
perio
dica
lly
or m
ay b
e ac
cum
ulat
ed u
pto
the
perio
d of
5 y
ears
.
(3
) Le
ave
Trav
el C
once
ssio
ns f
acili
ty i
n ac
cord
ance
with
Com
pany
’s S
chem
e fo
r se
lf an
d fa
mily
onc
e in
a y
ear
subj
ect
to a
max
imum
of
Rs.2
,84,
327/
- p
er a
nnum
.
(4
) Pe
rson
al A
ccid
ent
Insu
ranc
e:
Prem
ium
Rs.
33,4
52/-
per
annu
m.
Expl
anat
ion:
For
the
purp
ose
of
Cate
gory
‘A
’
“Fam
ily”
mea
ns
spou
se,
depe
nden
t ch
ildre
n an
d
pare
nts.
Categ
ory ‘B’
(1
) Co
ntrib
utio
n to
Pro
vide
nt F
und,
Sup
eran
nuat
ion
Fund
will
not
be
incl
uded
in t
he c
ompu
tatio
n of
cei
ling
on
perq
uisi
tes
to t
he e
xten
t th
ese
are
eith
er s
ingl
y or
put
toge
ther
not
tax
able
und
er t
he In
com
e Ta
x A
ct, 1
956
(2
) G
ratu
ity p
ayab
le s
hall
be a
s pe
r ap
plic
able
law
s.
Categ
ory ‘C’
Pr
ovis
ion
of
car
for
use
on
Com
pany
’s
busi
ness
an
d
tele
phon
e at
resi
denc
e w
ill n
ot b
e co
nsid
ered
as p
erqu
isite
s.
Pers
onal
long
dis
tanc
e ca
lls o
n te
leph
one
and
use
of c
ar fo
r
priv
ate
purp
ose
shal
l be
bille
d by
the
Com
pany
to
Mr.
K.P
.
Sing
h.
In
cas
e of
inad
equa
cy o
r abs
ence
of p
rofit
s the
rem
uner
atio
n
paya
ble
shal
l be
gove
rned
as
per t
he p
rovi
sion
s of
Sch
edul
e
XIII
of
the
Com
pani
es A
ct, 1
956.
”
Th
e no
tice
carr
ies
the
abst
ract
of
the
term
s of
the
re-
appo
intm
ent o
f Dr.
Lal
it Kh
aita
n, M
r. A
bhis
hek
Khai
tan
and
Mr.
K.P
. Si
ngh,
u/s
302
of
the
Com
pani
es A
ct,
1956
and
acco
rdin
gly
circ
ulat
ed b
y th
e Co
mpa
ny to
all
the
Mem
bers
.
Item
No. 9
M
embe
rs a
re in
form
ed t
hat
Mrs
. D
eeps
hikh
a Kh
aita
n w
as
appo
inte
d as
Co
rpor
ate
Rela
tions
hips
M
anag
er
of
the
Com
pany
w.e
.f. 1
st J
une
2008
for
a t
enur
e of
5 y
ears
and
the
tenu
re o
f 5
year
s is
exp
iring
fro
m 1
st J
une
2013
.
Pu
rsua
nt to
the
prov
isio
ns o
f Sec
tion
314
of th
e Co
mpa
nies
Act
195
6, t
he a
ppro
val
of t
he S
hare
hold
ers
by w
ay o
f
Spec
ial
Reso
lutio
n is
req
uire
d fo
r th
e re
-app
oint
men
t of
Mrs
. D
eeps
hikh
a Kh
aita
n fo
r a
furt
her
perio
d of
5 y
ears
w.e
.f. 1
st J
uly
2013
.
D
r. L
alit
Khai
tan
and
Mr.
Abh
ishe
k Kh
aita
n sh
all b
e de
emed
to b
e co
ncer
ned
or in
tere
sted
in t
he r
esol
utio
n.
Th
e re
solu
tions
ar
e ac
cord
ingl
y re
com
men
ded
for
the
appr
oval
of
the
Shar
ehol
ders
.
Th
e Bo
ard
reco
mm
ends
the
Res
olut
ions
set
out
at
Item
nos.
6 to
9 o
f th
e no
tice
for
your
app
rova
l.
By o
rder
of
the
Boar
d
for Ra
dico Kh
aitan Limited
Amit M
anch
anda
Plac
e : N
ew D
elhi
G
roup
Hea
d –
Lega
l &
Dat
e :
5th
Aug
ust
2013
Co
mpa
ny S
ecre
tary
(b)
Allo
wan
ces: A
s m
entio
ned
in th
e ta
ble
here
unde
r, w
ith s
uch
incr
ease
as
may
be
deci
ded
by th
e Bo
ard
at it
s so
le d
iscr
etio
n
from
tim
e to
tim
e du
ring
his
tenu
re o
r as
per
the
pol
icy
of t
he C
ompa
ny.
Explana
tion
:
Perq
uisi
tes
shal
l be
eval
uate
d as
per
Inco
me
Tax
Rule
s,
whe
reve
r ap
plic
able
and
in
the
abse
nce
of a
ny s
uch
rule
, per
quis
ites
shal
l be
eval
uate
d at
act
ual c
ost.
c)
Com
mission
: Co
mm
issi
on a
t th
e ra
te o
f up
to
1%
(one
pe
r ce
nt)
of
the
net
prof
its
of
the
Com
pany
for
eac
h fin
anci
al y
ear
and
appr
oved
by
the
Shar
ehol
ders
su
bjec
t to
th
e Bo
ard’
s
reco
mm
enda
tion
to m
ake
paym
ent i
n th
is re
gard
.
d) Amen
ities:
i)
Conv
eyan
ce f
acili
ties:
The
Com
pany
sha
ll pr
ovid
e
suita
ble
conv
eyan
ce f
acili
ties
as m
ay b
e re
quire
d
by t
he M
anag
ing
Dire
ctor
.
ii)
Com
mun
icat
ion
faci
litie
s:
The
Com
pany
shal
l pr
ovid
e te
leph
one,
te
lefa
x an
d ot
her
com
mun
icat
ion
faci
litie
s at
th
e M
anag
ing
Dire
ctor
’s r
esid
ence
.
II.
Ove
rall Re
mun
eration:
The
aggr
egat
e of
sal
ary
and
perq
uisi
tes
in a
ny fi
nanc
ial
year
sha
ll no
t ex
ceed
the
lim
its p
resc
ribed
fro
m t
ime
to t
ime
unde
r Se
ctio
ns 1
98 a
nd 3
09 a
nd a
ny o
ther
appl
icab
le p
rovi
sion
s of
the
Com
pani
es A
ct, 1
956
read
with
Sch
edul
e X
III t
o th
e sa
id A
ct a
s m
ay f
or t
he t
ime
bein
g, b
e in
for
ce o
r su
ch a
men
dmen
t th
ereo
f in
the
prov
isio
ns o
r la
w a
s ap
plic
able
.
(3) Mr. K.P. S
ingh
:
(a)
Basic
Salary:
Rs.2
,84,
327/
- pe
r m
onth
w
ith
such
incr
ease
as
may
be
appr
oved
by
the
Boar
d of
Dire
ctor
s
from
tim
e to
tim
e.
RAD
ICO
KH
AIT
AN
LIM
ITED
82A
NN
UA
L RE
PORT
201
2-13
83
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
NO
TES
NO
TES
RAD
ICO
KH
AIT
AN
LIM
ITED
84A
NN
UA
L RE
PORT
201
2-13
85
RADIC
O K
HAITAN LIM
ITED
AN
NU
AL
REP
OR
T 2
01
2-1
3
PR
OX
Y F
OR
M
Regd
. Fol
io N
o(s)
/DP&
Clie
nt ID
No
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.
No.
of S
hare
s ...
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
l/We
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
....
of ..
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.... b
eing
a m
embe
r/
mem
bers
of
the
abov
e na
med
com
pany
her
eby
appo
int
Mr.
.....
......
......
......
......
......
......
......
......
......
.... o
f ...
......
......
......
......
......
.....
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
... O
R fa
iling
him
, Mr.
.....
......
......
......
......
......
......
......
......
......
...
of ..
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
as m
y/ou
r pr
oxy
to v
ote
for
me/
us o
n m
y/ou
r be
half
at t
he 2
9th
Ann
ual G
ener
al M
eetin
g of
the
Com
pany
to
be h
eld
on M
onda
y,
Sept
embe
r 30
th, 2
013
at 1
.00
p.m
. and
at
any
adjo
urnm
ent
ther
eof.
Sign
ed t
his
......
......
......
......
.. da
y of
.....
......
......
......
.. 20
13
Sign
atur
e ...
......
......
......
......
......
......
......
......
......
......
......
......
..
Not
e :
1.
This
inst
rum
ent
of p
roxy
sha
ll be
dep
osite
d at
the
reg
iste
red
offic
e of
the
Com
pany
not
less
tha
n 48
(fou
rty
eigh
t) h
ours
be
fore
the
hol
ding
of
the
mee
ting.
2.
Th
e pr
oxy
hold
er n
eed
not
be a
Mem
ber
of t
he C
ompa
ny.
AT
TEN
DA
NC
E S
LIP
(for
att
endi
ng t
he 2
9th
Ann
ual G
ener
al M
eetin
g to
be
held
on
Mon
day,
Sep
tem
ber
30, 2
013
at 1
.00
p.m
.)
Regd
. Fol
io N
o(s)
/DP
& C
lient
ID N
o ...
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
..
No.
of S
hare
s ...
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
Nam
e of
Sha
reho
lder
/ Pro
xy h
olde
r/Re
pres
enta
tive
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.
Add
ress
.....
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
Dat
e ...
......
......
......
......
......
......
......
... S
igna
ture
.....
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.
RADICO KHAITAN LIM
ITED
Re
gd. O
ffic
e : B
arei
lly R
oad,
Ram
pur
- 24
4 90
1 (U
.P.)
RADICO KHAITAN LIM
ITED
Re
gd. O
ffic
e : B
arei
lly R
oad,
Ram
pur
- 24
4 90
1 (U
.P.)
Aff
ix15
Pai
seRe
venu
eSt
amp
NO
TES
RAD
ICO
KH
AIT
AN
LIM
ITED
86
RADIC
O K
HAITAN LIM
ITED
BOARD
OF DIREC
TORS
:
Dr.
Lal
it Kh
aita
n
Chai
rman
& M
anag
ing
Dire
ctor
Abh
ishe
k Kh
aita
n
Man
agin
g D
irect
or
K.P.
Sin
gh
Who
le T
ime
Dire
ctor
Dr.
Rag
hupa
ti Si
ngha
nia
Karn
a Si
ngh
Meh
ta
Ash
utos
h Pa
tra
Mah
endr
a Ku
mar
Doo
gar
GRO
UP HEA
D – LEG
AL &
COMPA
NY SE
CRE
TARY
:
Am
it M
anch
anda
REGISTE
RED O
FFICE:
Bare
illy
Road
Ram
pur
– 24
4 90
1 (U
.P.).
Phon
e N
o.05
95-2
3506
01, 2
3506
02
Fax
No.
0595
-235
0009
Emai
l:Ram
pur@
radi
co.c
o.in
CORP
ORA
TE O
FFICE:
Plot
No.
J-1,
Blo
ck B
-1
Moh
an C
o-op
erat
ive
Indu
stria
l Are
a
Mat
hura
Roa
d, N
ew D
elhi
– 1
10 0
44.
Ph.:
+91
-11-
4097
5400
/444
40
9755
00/5
55
Fax.
: +91
-11-
4167
8841
/42
E-m
ail:i
nfo@
radi
co.c
o.in
WORK
S:
Ram
pur
Dis
tille
ry
Bare
illy
Road
Ram
pur
– 24
4 90
1 (U
.P.).
Plot
No.
B-24
, A-2
5,
Shre
e Kh
atus
hyam
ji
Indu
stria
l Com
plex
, RIIC
O, R
eeng
us
Dis
t. S
ikar
, Raj
asth
an.
B-3,
UPS
IDC
Indu
stria
l
Dev
elop
men
t A
rea
Phas
e –
I, Su
ltanp
ur P
atti,
Baj
pur
Dis
t. U
dham
Sin
gh N
agar
Utt
aran
chal
.
S. N
o.59
Tim
map
ur V
illag
e
Palm
akul
Pos
t -
509
325
Shad
naga
r Tq
., M
ahab
oobn
agar
Dis
t.
Hyd
erab
ad, A
ndhr
a Pr
ades
h.
44 K
M S
tone
Del
hi R
ohta
k Ro
ad
Vill
age
& P
ost
Roha
d
Baha
durg
arh,
Dis
t. J
hajja
r 1
2450
1
Har
yana
.
AUDITORS
:
M/s
. V. S
anka
r A
iyar
& C
o.
Char
tere
d A
ccou
ntan
ts
Saty
am C
inem
a Bu
ildin
g,
2nd
Floo
r, R
anjit
Nag
ar
Com
mer
cial
Com
plex
New
Del
hi –
110
008
.
INTE
RNAL AUDITORS
:
M/s
. Gra
nt T
horn
ton
21st
Flo
or, D
LF S
quar
e,
Jaca
rand
a M
arg,
DLF
Pha
se II
,
Gur
gaon
– 1
22 0
02.
COST
AUDITORS
:
Mr.
S.N
. Bal
asub
ram
ania
n
Cost
Acc
ount
ant
Flat
No:
H -
301,
Gre
en V
alle
y A
part
men
t
Plot
No.
18, S
ecto
r-22
Dw
arka
, New
Del
hi -
110
077.
BANKE
RS AND FIN
ANCIN
G
INST
ITUTIONS:
Punj
ab N
atio
nal B
ank
Stat
e Ba
nk o
f In
dia
AX
IS B
ank
Ltd.
Stat
e Ba
nk o
f M
ysor
e
ING
Vys
ya B
ank
Roya
l Ban
k of
Sco
tland
Stan
dard
Cha
rter
ed B
ank
Stat
e Ba
nk o
f Tr
avan
core
Stat
e Ba
nk o
f H
yder
abad
IDBI
Ban
k Lt
d.
ICIC
I Ban
k Lt
d.
Yes
Bank
Ltd
.
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