BOARD’S REPORT Dear Shareholders, On behalf of the Board of Directors, it is our pleasure to present the 9th Annual Report together with the Audited Statement of Accounts of PTC India Financial Services Limited ("the Company") for the year ended March 31, 2015 Summary of Operations and state of Company* s Affairs The debt assistance sanctioned to various projects during 2014-15 aggregated to Rs.41,128 million compared to Rs.25,202 million during 2013-14, thus witnessing an increase of about 63%. The disbursements during 2014-15 stood at Rs.24,927 million compared to Rs.30,706 million during 2013-14. The gross loan book stood at Rs.63,803 million as at 31st March 2015 and the equity investments made by the Company aggregated to another Rs.3,054 million as on the said date. The cumulative aggregate debt assistance sanctioned by the Company as at 31st March 2015 aggregates to about Rs.109,080 million. The financial assistance sanctioned by PFS would help in capacity addition of close to 20,000 MW. PFS is constantly working with new as well as existing developers and is focused towards diversifying its portfolio. As at 31st March 2015, the renewable portfolio comprises the highest proportion in the outstanding loan book at around 39%, thermal projects constitute about 32%. The company has diversified into financing infrastructure facilities like private railway sidings, and development & operation of coal mines and power transmission projects. The Company continues to regularly monitor the progress and operations of the assisted projects through its comprehensive project monitoring mechanism. 2. Industry Scenario Indian economy is now seventh largest in the world by nominal GDP and third largest by purchasing power parity (PPP). India is one of the world's most attractive markets for companies in the infrastructure business. The country is now the fastest growing economy and continues to grow at a higher rate. The power and energy sector has witnessed substantial investments and enjoys intense focus of the Government which is taking every possible initiative to boost the sector. The sector is projected to have huge investment potential, providing immense opportunities in generation, distribution, transmission and equipment. Indian energy sector is one of the highly diversified fields in the world with the sources of electricity generation ranging from commercial sources such as nuclear, hydro, oil, natural gas, lignite, coal power to some non-conventional sources such as agriculture waste, solar and wind power. The Indian economy is expected to go a transformational change and the power sector is expected to play a critical role in this mega change. 3. Outlook With the Indian economy resting so much on the Indian power sector, the sector holds huge investment potential and requires huge investment. PFS, is devoted to meet the challenges sector to take advantages of the potential opportunities. The Company constantly eyes opportunities in the sector and expects to continue with its growth momentum. The interest rates have remained more or less flat during the financial year and are expected to soften in the coming quarters backed by RBI's measures. PFS has been able to manage its overall cost of borrowings. The Company continues to broad-base its sources of funding and pursue the banks and other lenders for lowering the spread charged from PFS for on-lending. Most of long term loans are now tied up at respective base rate of the lending institution. The resource mix comprises of loans from banks, external commercial borrowings, mobilization of funds by way of non-convertible debentures, and tax saving infrastructure bonds, commercial papers. However, the power sector still continues to face concerns on account of financial health of distribution companies, fuel availability and transportation related concerns, delays in obtaining clearances etc. PFS, being aware of the challenges faced by the sector, seeks to address these risks by remaining cautious during the due-diligence process. PFS has developed strong linkages with banks, financial institution, project developers, multilateral, bilateral institutions, equity funds, and the like, which would help in further development of business. PFS has put in place a comprehensive risk management framework and is continuously working to upscale the same to match the organizational and operational growth. PFS applies a distinctive approach in structuring the financial products. Being customer-focused, emphasis is on understanding of the risks and mitigation measures required in the context of the specific needs of the project. Ensuring quality in servicing while financing power projects is the hall-mark of PFS's business strategy, operational framework and HR practices. PFS is presently focused on renewable energy as these projects do not have significant fuel and environmental clearance related risks, and receive regulatory, fiscal and non-fiscal support. The composition of renewable projects stood at around 39% in the total loan book as at 31st March 2015. The Company has also forayed in other areas within the energy value chain such as development and operation of coal mines, development of private railway sidings, power transmission projects etc. Indian power sector is witnessing rise in interest from global players in the European and Asian regions. The sector is attracting foreign investors due to attractive valuations, new opportunities in sectors such as renewable energy. The Power sector is further expected to get the lion's share of investment outlay in 12th Five Year Plan and NBFCs are expected to play an increasing role in overall funding. It is estimated that the contribution from NBFCs would increase significantly providing enormous opportunities to PFS. Newer opportunities are coming up in power generation, transmission, distribution, equipment and servicing, government promoting private sector participation in transmission and distribution sector, privatization of distribution franchises, focus on improving efficiency etc. PFS is focused on attractive opportunities across the infrastructure sector. The total debt assistance sanctioned has already crossed Rs.10,000 crore mark and the outstanding loan book has shown further growth during FY 2014-15. The disbursements have been robust during the financial year. PFS continues to focus its energies on lending outside coal based power projects for infrastructure facilities such as power transmission, coal mining, private railway sidings etc and will continue to evaluate niche opportunities across energy value chain. 4. Reserves Out of the profits earned during the financial year 2014-15, the Company has transferred an amount of Rs.321.75 million to Statutory Reserve in accordance with the requirements of Section 45-IC of the Reserve Bank of India Act, 1934. During 2014-15, the Company has also appropriated an amount of Rs.516.74 million to the reserve created under Section 36(i)(viii) of the Income Tax Act, 1961 in order to achieve tax efficiencies. 5. Transfer of Amounts to Investor Education and Protection Fund Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF). 6. Dividend The Board of Directors of the Company has recommended a dividend @ 10% i.e. Re.1.00 per equity share of Rs.10/- each for the financial year 2014-15. 7. Fixed Deposits Your Company has not accepted any deposits during the year from public in terms of provisions of Companies Act, 2013. Further, at the end of the year, there were no unclaimed, unpaid or overdue deposits. 8. Capital adequacy ratio The Capital adequacy ratio as on 31st March, 2014 was 25.23% and the capital adequacy ratio as on 31st March, 2015 stood at 23.71% No adverse Material changes affecting the financial position of the Company have occurred during the financial year. 9. Capital/ Finance The paid up share capital of the Company as at 31st March 2015 aggregates to Rs.5,620.83 million comprising of 562,083,335 equity shares of Rs.10 each fully paid up. PTC India Limited continues to hold 60% of the paid up capital of the Company as at 31st March 2015. The shares of the Company are listed on the National Stock Exchange and Bombay Stock Exchange. 10. Extract of Annual Return Pursuant to section 92(3) of the Companies Act, 2013 ('the Act') and rule 12(1) of the Companies (Management and Administration) Rules, 2014, extract of annual return is Annexed as Annexure 1. 11. Directors and Key Managerial Personnel In accordance with provisions of the Act and Articles of Association of the Company, Dr. Pawan Singh, Director would retire by rotation at the ensuing Annual General Meeting and being eligible has offered himself for re-appointment. The Companies Act, 2013 provides for the appointment of Independent Directors. During the year, Dr. Uddesh Kumar Kohli, Mr. Ramarao Muralidharan Coimbatore, Mr. Surinder Singh Kohli,Mr. Ved Kumar Jain and Mr. Surender Kumar Tuteja have been appointed as an Independent Directors upto 31/03/2016, 31/03/2016, 12/12/2016, 23/10/2017 and 09/01/2019 respectively have been appointed as Independent Directors by shareholders through postal ballot whose result was declared on 25/03/2015. None of the Independent Director will retire at the ensuing Annual General Meeting. Further, Ms. Shubhalakshmi Panse has resigned as Director of the Company w.e.f. 11th May, 2015. Also, Mr. Rajender Mohan Malla ceased to be Managing Director & Chief Executive Officer of the Company w.e.f. 15th May, 2015 on attainment of age of superannuation. On the recommendation of the Nomination and Remuneration Committee, the Board has appointed Dr. Ashok Haldia as the Managing Director & Chief Executive Officer of the Company w.e.f. 7th July, 2015 The Company has devised a Policy for performance evaluation of Independent Directors, Board, Committees and other individual directors which include criteria for performance evaluation of the non-executive and executive directors. The overall effectiveness of the Board is measured on the basis of the ratings obtained by each Director and accordingly the Board decides the Appointments, Re-appointments and Removal of the non-performing Directors of the Company. The Company aspires to pay performance linked remuneration to its WTDs/MD. It is ensured that the remuneration is determined in a way that there exists a fine balance between fixed and incentive pay. On the basis of Policy for Performance Evaluation of Independent Directors, a process of evaluation is being followed by the Board for its own performance and that of its Committees and individual Directors The performance evaluation process and related tools are reviewed by the "Nomination & Remuneration Committee" on need basis, and the Committee may periodically seek independent external advice in relation to the process. The Committee may amend the Policy, if required, to ascertain its appropriateness as per the needs of the Company. The Policy may be amended by passing a resolution at a meeting of the Nomination & Remuneration Committee. 12. Familiarization Programmes of Independent Director The details of familiarization programmes of Independent directors shall be disclosed here. The web link to the program is given below: 13. Committees of Board The details of various committees of the Board are mentioned in the Corporate Governance Report, which forms part of this report. 14. Corporate Social Responsibility As a good corporate citizen, the Company is committed to ensuring its contribution to the welfare of the communities in the society where it operates, through its Corporate Social Responsibility ("CSR") initiatives. The Corporate Social Responsibility Committee has formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company, which has been approved by the Board The objective of PFS's CSR Policy is to consistently pursue the concept of integrated development of the society in an economically, socially and environmentally sustainable manner and at the same time recognize the interests of all its stakeholders. To attain its CSR objectives in a professional and integrated manner, PFS shall undertake the CSR activities as specified under the Act. The CSR policy is available at the link: <http://www.ptcfinancial.com/> statutory_policies/corporate_social_responsibility_policy.pdf. The report on CSR activities/initiatives is enclosed at Annexure 2. 15. Vigil mechanism The Company believes in the conduct of the affairs of its constituents in a fair and transparent manner by adopting highest standards of professionalism, honesty, integrity and ethical behavior. In compliance with requirements of Companies Act, 2013 & Listing Agreement, the Company has established a mechanism called 'Whistle Blower Policy' for employees to report to the management instances of unethical behavior, actual or suspected, fraud or violation of the Company's code of conduct or ethics policy. 'Whistleblowing' is the confidential disclosure by an individual of any concern encountered in the workplace relating to a perceived wrongdoing. The policy has been framed to enforce controls so as to provide a system of detection, reporting, prevention and appropriate dealing of issues relating to fraud, unethical behavior etc. The policy provides for adequate safeguards against victimization of director(s) / employee(s) who avail of the mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. During the year under review, no employee was denied access to Audit Committee. The Whistle Blower policy is available at <http://ptcfinancial.com/> statutory_policies/whistle_blower_policy.pdf 16. Directors' Responsibility Statement Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that: (a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) the directors had prepared the annual accounts on a going concern basis; and (e) the directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and are operating effectively. (f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. 17. Statutory Auditors, their Report and Notes to Financial Statements M/s. Deloitte Haskins & Sells, Chartered Accountants were appointed as statutory auditors of the Company for FY 2014-15 by the shareholders and shall hold office upto the conclusion of the forthcoming Annual General Meeting. The Auditors have audited the Accounts of the Company for the year ended 31st March 2015. Audited Financial Statements comprising Balance Sheet as at March 31, 2015, the Statement of Profit and Loss and the cash flow Statement along with a summary of significant accounting policies & other explanatory information together with the Auditor's Report thereon are annexed to this report. The Auditors' Report does not contain any qualification, reservation or adverse mark. The Board of Directors has recommended the ratification of appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants as statutory auditors of the Company for FY 2015-16 to shareholders in the ensuing annual general meeting. 18. Secretarial audit In terms of Section 204 of the Act and Rules made there under, M/s. Agarwal S. and Associates, Practicing Company Secretary have been appointed Secretarial Auditors of the Company. The report of the Secretarial Auditors is enclosed as Annexure 3 to this report. The secretarial audit report does not contain any qualification, reservation or adverse mark. 19. Related party transactions The Company has not entered into any related party transactions which attract the provision of Section 188 of the Companies Act, 2013. The details of transactions entered into with the Related Parties is given in schedule no. 29 of the Audited Financial Statements of the Company. During the year, the Company had not entered in to any contract/ arrangement/ transaction with related parties which could be considered material in accordance with the policy of the company on materiality of related party transactions. The Policy on Materiality of Related Party Transactions and Dealing with Related Party Transactions as approved by the Board is available on the company's website at the link <http://> ptcfinancial.com/statutory_policies/20150629_Policy_materiality_of_ Related_Party_Transactions.pdf 20. Human Resources Your Company treats its "human resources" as one of its most important assets. Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. Your Company's thrust is on the promotion of talent internally through job enlargement, rotation and development. 21. Risk Management Policy PFS has put in place a comprehensive policy framework for management of risks. The policies include - • Credit Risk Management Policy: - Credit risk management policy provides for identification and assessment of credit risk, assessment and management of portfolio credit risk, and risk monitoring & control. The issues relating to the establishment of exposure limits for & various categories, for example, based on geographical regions, fuel, specific to industry and rating are also covered. The policy also deals with rating models aiming at high quality, consistency and uniformity in the appraisal of proposals. • Asset Liability Management Policy: - The objectives of Asset Liability Management Policy are to align market risk management with overall strategic objectives, articulate current interest rate view and determine pricing, mix and maturity profile of assets and liabilities. The asset liability management policy involves preparation and analysis of liquidity gap reports and ensuring preventive and corrective measures. It also addresses the interest rate risk by providing for duration gap analysis and control by providing limits to the gaps. • Foreign Exchange Risk Management Policy: - The policy covers the management of foreign exchange risk related to existing and future foreign currency loans or any other foreign exchange risks derived from borrowing and lending. The objective of the policy is to serve as a guideline for transactions to be undertaken for hedging of foreign exchange related risks. It also provides guiding parameters within which the Asset Liability Management Committee can take decisions for managing the above mentioned risks. • Interest Rate Policy: - Interest rate policy provides for risk based pricing of the debt financing by the Company. It provides the basis of pricing the debt and the manner in which it can be structured to manage credit risk, interest rate risk and liquidity risk, while remaining competitive. • Policy for Investment of Surplus Funds: - The policy provides the framework for managing investment of surplus funds. Realizing that the purpose of mobilization of resources in the Company is to finance equity as well as loans to power sector projects, the prime focus is to deploy surplus funds with a view to ensure that the capital is not eroded and that surplus funds earn optimal returns. • Operational Risk Management Policy: - The policy recognizes the need to understand the operational risks in general, and those specific to activities of the Company. Operational risk management is understood as a systematic approach to manage such risk. It seeks to standardize the process of identifying new risks and designing appropriate controls for these risks, minimize losses and customer dissatisfaction due to possible failure in processes. Apart from these policies there are various guidelines to help understand and mitigate different kinds of other risks. These include, guidelines for financing bio-mass projects, guidelines for financing CERs, operational guidelines for debt financing, KYC Guidelines and the like. 22. Employees' Stock Option Scheme Shareholders' approval of the scheme was obtained at the Annual General Meeting held on 27th October 2008 for introduction of Employee Stock Option Plan at PTC India Financial Services Ltd. Total of 2,01,50,000 (number) grants have been made under the ESOP 2008. Period of Vesting for PTC India Financial Services Ltd. As per PTC India Financial Services Ltd. Employee Stock Option Plan 2008, there shall be a minimum period of 1 (one) year between the grant of options and vesting of options. Subject to participant's continued employment with the Company or the subsidiary and restrictions, if any, set out in case of terminal events, the Unvested Options shall vest with the Participants over a four year period as per the following schedule Exercise Period for PTC India Financial Services Ltd. Subject to the conditions laid down for terminal events (death, permanent incapacitation of the employee etc.), the vested options shall be exercisable within a period of 3 years from the first vesting date or listing of shares on a recognized stock exchange whichever is later. PFS shares were listed on March 2011. The applicable disclosures as stipulated under SEBI guidelines as on March 31, 2015 with regard to Employees' Stock Options (ESOPs) are provided in Annexure 4 to this Report. The Certificate from the Auditors of the Company that the Scheme has been implemented in accordance with SEBI Guidelines and the resolution passed by the members would be placed at the Annual General Meeting for inspection by members. 23. Declaration given by Independent Directors Dr. Uddesh Kumar Kohli, Mr. Surinder Singh Kohli, Mr. Coimbatore Ramarao Muralidharan, Mr. Ved Kumar Jain and Mr. Surender Kumar Tuteja are Independent Directors on the Board of your Company. In the opinion of the Board and as confirmed by these Directors, they fulfil the conditions specified in section 149 of the Act and the Rules made thereunder about their status as Independent Directors of the Company 24. Company's policy on appointment and remuneration of Senior Management and Key Managerial Personnels (KMPs) As per the requirements of Companies Act 2013, the Board of Directors of your Company has constituted a Nomination and Remuneration Committee. The Committee's role is to be supported by a policy for nomination of Directors and Senior Management Personnel including Key Managerial Personnel as also for remuneration of Directors, Key Managerial Personnel (KMP), Senior Management Personnel and other Employees. Further, a policy on Board Diversity is also to be adopted. The Policy of the Company on Nomination and Remuneration & Board Diversity is attached herewith and marked as Annexure 5 25. Disclosure under the Sexual Harassment of Women at the work place (Prevention, Prohibition and Redressal) Act, 2013 A group level Internal Complaints Committee has been constituted to look into grievance/complaints of sexual harassment lodged by women employees as per Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. No complaint was received during the year and pending as on 31st March 2015. 26. Significant and material orders passed by the regulators During the year under review, no significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and company's operations. 27. Internal financial controls and Internal Auditor The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit function is defined by the Audit Committee. The Company has appointed M/s Raj Har Gopal & Co., Chartered Accounts as the Internal Auditor of the Company. To maintain its objectivity and independence, the Internal Auditor reports to the Audit Committee. The Audit Committee has the responsibility for establishing the audit objectives and determines the nature, timing and extent of audit procedures as well as the locations where the work needs to be carried out. The Internal Auditor monitors and evaluates the efficacy & adequacy of internal financial controls & internal control system in the Company to mitigate the risks faced by the organization and thereby achieve its business objective. Broadly the objectives of the project assigned are:- • Review the adequacy and effectiveness of the transaction controls; • Review the operation of the Control Supervisory Mechanisms; • Recommend improvements in processes management; • Review the compliance with operating systems, accounting procedures and policies Based on the report of internal auditor, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant audit observations and corrective actions thereon are presented to the Audit Committee. 28. Holding ,Subsidiaries, Associates and Joint Ventures Your Company continues to be the Subsidiary of PTC India Ltd. Further, the Company has a subsidiary namely PFS Capital Advisors Ltd., which is under the process of getting its name Struck off under the fast track exit mode as prescribed by Ministry of Corporate Affairs. The Policy for determining material subsidiaries as approved may be accessed on the Company's website at the link: <http://ptcfinancial.com/statutory_> policies/20150629_Policy_on_determining_Material_Subsidiaries.pdf The Company has no Associate company or Joint Venture. 29. Management Discussion and Analysis Management Discussion and Analysis comprising an overview of the financial results, operations / performance and the future prospects of the Company form part of this Annual Report. 30. Particulars of Employees Pursuant to sub-section 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, c. the percentage increase in the median remuneration of employees in the financial year is 21.73% d. 37 permanent employees are on the rolls of company; e. The Average remuneration increased from Rs 19.64 lac to Rs 24.11 Lac i.e. 22.76%. This is because of payment of Performance Related Pay (PRP) in the FY 2014-15, which was introduced in FY 2014-15 in lieu of ESOPs granted earlier. Whereas the Company's performance in terms of Profit After Tax decreased from Rs 20,771.89 lac to Rs 16,087.61 lac i.e. a decrease of 22.55%. This is due to the disinvestment of equity stake in two companies resulting in a profit of Rs. 8,216.91 lacs (gross) in the previous FY 2013-14. f. The Average increase in remuneration of Key Managerial Personnel is from Rs 47.20 lac to Rs 60.06 lacs i.e. 27.25%. The Company's performance in terms of Profit After Tax decreased from Rs 20,771.89 lac to Rs 16087.61 lac i.e. a decrease of 22.55% due to the disinvestment its equity stake in two companies resulting in a profit of Rs 8,216.91 lacs (gross) in the previous FY 2013-14. g. The Average remuneration increased from Rs 19.64 lac to Rs 24.11 Lac i.e. 22.76%. This is because of payment of PRP which was introduced in FY 2014-15 in lieu of ESOPs granted earlier. Whereas the Company's performance in terms of Profit After Tax decreased from Rs 20,771.89 lac to Rs 16,087.61lac i.e. a decrease of 22.55%. This is due to the disinvestment of equity stake in two companies resulting in a profit of Rs 8,216.91 lacs (Gross) in the previous financial year. h. Price earnings ratio is 19.32 as at 31st March, 2015 and 3.82 as at 31st March, 2014. IPO Share Price in March 2011 was Rs 28 whereas the closing price per Share was Rs 55.25 as at 31st March, 2015 and was Rs 14.15 as at 31st March, 2014. Hence the increase by 97.32% from initial public offer price to the closing share price as at 31st March, 2015 and decrease by 49.46% from initial public offer price to closing share prices as at 31st March, 2014. i. The average percentile increase in the salary of employees other than the managerial personnel is from Rs 16.02 lac to Rs 19.76 lac resulting in increase of 23.35%. Whereas the average percentile increase in the managerial remuneration is from Rs 47.20 lac to Rs 60.06 lac resulting in increase of 27.25%. The increase is due to joining of Mr. R.M. Malla, MD & CEO in September 2013. k. The key parameters for any variable component of remuneration availed by the directors are (i) Operating profit, (ii) Net NPA over Total Assets,(iii) Cost to Income Ratio, (iv) Net-worth, (v) Sanctions - Budget compared to Actual (vi) Disbursals - Budget compared to Actual (vii) Market price of PFS share and (viii) Innovation/ New Initiative. l. There are no employees who are in receipt of remuneration in excess of the highest paid director during the year. m. It is affirmed that the remuneration is as per the remuneration policy of the company. As per Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, statement of particulars of employees is Annexed as Annexure 6. 31. Details of conservation of energy, technology absorption, foreign exchange earnings and outgo Since PFS is engaged in investment and lending activities, particulars relating to conservation of energy and technology absorption are not applicable to it. 32. Foreign Exchange earnings & outgo The Company has incurred expenditure of Rs.146.63 million (previous year Rs.153.07 million) in foreign exchange during the year ended 31st March 2015. This includes interest on external commercial borrowings amounting to Rs.143.73 million (previous year Rs.150.75 million). 33. Acknowledgement The Board of Directors acknowledges with deep appreciation the cooperation received from Ministry of Power, Ministry of Finance, Reserve Bank of India, SEBI, NSE, BSE, PTC India Limited and other stakeholders, International Finance Corporation (IFC), DEG, various Banks, Consortium Partners and Officials of the Company. For and on behalf of the Board PTC India Financial Services Limited Sd/- Deepak Amitabh Chairman DIN: 01061535 Date : 8th August, 2015 Place : New Delhi |