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PR
INT
ED
MA
TT
ER
BO
OK
- P
OS
T
If u
ndeliv
ere
d p
lease r
etu
rn to :
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
Regis
tere
d O
ffic
e :
C-1
, In
du
str
ial E
sta
teB
om
ma
lasa
tra
m,
Na
nd
ya
l -
51
8 5
02
Ku
rno
ol D
istr
ict,
A.P
.
SA
VY
A E
NT
ER
PR
ISE
S, M
obile
: 9
440055572
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IND
US
TR
IES
LIM
ITE
D
20
14
- 1
5
IND
EX
TO
TH
E R
EP
OR
T
S.N
o.
PA
RT
IC
UL
AR
SP
age N
o.
1C
orp
ora
te Info
rmation
1
2N
otice o
f A
nnual G
enera
l Meeting
2-8
3D
irecto
rs’ R
eport
9-1
5
4C
ash F
low
16
5C
orp
ora
te G
overn
ance R
eport
aS
ecre
tari
al A
udit R
eport
17-1
8
bE
xtr
act of A
nnual R
etu
rn (M
GT
-9)
19-2
4
cC
orp
ora
te G
overn
ance R
eport
25-3
1
6M
anagem
ent D
iscussio
n a
nd A
naly
sis
Report
31-3
2
7A
uditors
’ Cert
ific
ate
on C
orp
ora
te G
overn
ance
33
8In
dependent A
uditors
’ Report
34-3
9
9F
inancia
l Sta
tem
ents
aB
ala
nce S
heet
40
bS
tate
ment of P
rofit and L
oss
41
cN
ote
s p
art
of th
e F
inancia
l S
tate
ments
42-6
3
10
Pro
xy F
orm
64
12
BO
AR
D O
F D
IRE
CT
OR
S
S.
SR
EE
DH
AR
RE
DD
Y
Man
agin
g D
irecto
r
V.
SU
RE
SH
KU
MA
R
V. A
RV
IND
A R
AN
I
V.
RA
MN
AT
H
P.
JA
YA
RA
MA
RE
DD
Y
DR
. R
. K
. P
RA
SA
D S
UN
KA
RA
RE
GIS
TR
AR
& S
HA
RE
TR
AN
SF
ER
AG
EN
TS
XL S
oft
ech S
yste
ms L
imited
3,
Sagar
Socie
ty,
Road N
o.2
,
Banja
ra H
ills,
Hyd
era
bad -
500 0
34,
TS
.
Ph
one:
040
-23
54
591
3/1
4/1
5
Fax:
040-2
35
532
14
Em
ail:
xlfie
ld@
rediffm
ail.
com
CE
NT
RA
L A
DM
INIS
TR
AT
IVE
OF
FIC
E :
Plo
t N
o.1
88,
Phase I
I,
Kam
ala
puri
Colo
ny,
Hyd
era
bad -
500 0
73.
TS
.
Ph
one:
040-2
35
553
17
Fax:
040-2
35
553
16
E-m
ail:
caoh
yd@
pan
yam
cem
en
ts.c
om
Web
site:
pan
yam
cem
ents
.com
ISIN
: I
NE
167E
01029
CIN
: L
26940A
P1955P
LC
000
546
AU
DIT
OR
S
Bra
hm
ay
ya &
Co
.
Ch
art
ere
d A
ccoun
tan
ts
Adoni
518 3
01.
BA
NK
ER
S
Sta
te B
ank o
f In
dia
Main
Bra
nch
Nan
dyal.
Sta
te B
ank o
f H
ydera
bad
Overs
eas B
ran
ch
Som
ajig
ud
a,
Hyd
era
bad
.
India
n O
vers
eas B
ank
Adars
hn
ag
ar,
Hyd
era
bad
.
RE
GIS
TE
RE
D O
FF
ICE
C-1
, In
dustr
ial
Esta
te,
Bom
mala
satr
am
,
Nandya
l -
518 5
02
Kurn
ool
Dis
tric
t, A
.P.
Ph
one:
0851
4-2
222
74
Fax:
0851
4-2
431
06
E-m
ail:
regoff
ice@
pan
yam
cem
ents
.com
CE
ME
NT
WO
RK
S:
Cem
entn
agar
- 518 2
06.
Kurn
ool
Dis
tric
t, A
.P.
Ph
one:
0851
6-2
746
38
Fax:
0851
6-2
746
44
E-m
ail:
pcm
il@pan
yam
cem
ents
.com
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
Regis
tere
d O
ffic
e::
C-1
Industr
ial E
sta
te,
Nandyal, K
urn
ool D
istr
ict
- 518 5
02. A
.P.
NO
TIC
E
Notice i
s h
ere
by
giv
en t
hat
the F
ifty
Nin
eth
Annual
Genera
l M
eeting o
f th
e M
em
bers
of
the C
om
pany
will
be h
eld
on
Satu
rday,
the 2
6th S
epte
mber, 2
015 a
t 11.4
5 A
.M., a
t th
e R
egis
tere
d O
ffic
e o
f th
e c
om
pany,
C-1
Industr
ial E
sta
te, N
andya
l,
Kurn
ool D
istr
ict, A
ndhra
Pra
desh to tra
nsact th
e follow
ing b
usin
ess:-
Ord
inary
Bu
sin
ess
1.
To r
eceiv
e, consid
er
and a
dopt th
e a
udited B
ala
nce S
heet of th
e C
om
pany
as a
t 31st M
arc
h 2
015, and the S
tate
ment
of P
rofit and L
oss for
the y
ear
ended o
n that date
and the R
eport
s o
f th
e D
irecto
rs a
nd A
uditors
there
on.
2.
To a
ppoin
t a D
irecto
r in
pla
ce o
f D
r.R
.K.P
rasad S
unkara
(D
IN N
O.0
2451497),
who retire
s b
y ro
tation a
nd b
ein
g e
ligib
le
offers
him
self for re
-appoin
tment.
3.
To a
ppoin
t a D
irecto
r in
pla
ce o
f S
mt. V
. Ara
vinda R
ani (D
IN N
o. 01241976),
who r
etire
s b
y ro
tation a
nd b
ein
g e
ligib
le
offers
him
self for re
-appoin
tment.
4.
To a
ppoin
t Auditors
and fix
their
rem
unera
tion a
nd in this
regard
to c
onsid
er
and if th
ought fit, to p
ass, w
ith o
r w
ithout
modific
ation(s
), the follow
ing r
esolu
tion a
s a
n O
rdin
ary
Resolu
tion :
“RE
SO
LV
ED
TH
AT
M/s
. B
rahm
ayy
a &
Co., C
hart
ere
d A
ccounta
nts
, Adoni (
Fir
m R
egis
tration N
o. 000514S
), b
e a
nd a
re
here
by
appoin
ted a
s A
uditors
of th
e C
om
pany,
to h
old
offic
e fro
m the c
onclu
sio
n o
f th
is A
nnual G
enera
l M
eeting till th
e
conclu
sio
n o
f th
e n
ext
Annual G
enera
l M
eeting o
f th
e C
om
pany
at such r
em
unera
tion a
s s
hall b
e fix
ed b
y th
e B
oard
of
Dir
ecto
rs o
f th
e C
om
pany.
”
Sp
ecia
l B
usin
ess:
5.
To c
onsid
er
and if
thought fit to
pass the follow
ing r
esolu
tion w
ith o
r w
ithout m
odific
ations a
s a
n O
rdin
ary
Resolu
tion:
“RE
SO
LV
ED
TH
AT
purs
uant
to t
he p
rovi
sio
ns o
f section 1
49,
152 a
nd o
ther
applicable
pro
visio
ns,
if a
ny
of
the
Com
panie
s A
ct, 2
013(t
he A
ct)
and the R
ule
s fr
am
ed th
ere
under (i
nclu
din
g a
ny
sta
tuto
ry m
odific
ation(s
) or re
-enactm
ent
there
of fo
r th
e tim
ebein
g in
forc
e) read w
ith S
chedule
IV to the A
ct, a
s a
mended fro
m tim
e to tim
e, M
r.Jaya
ram
a R
eddy
Peddir
eddyg
ari
(D
IN N
o.0
7053207),
who h
as subm
itte
d a
decla
ration that he m
eets
the c
rite
ria for in
dependence a
s
pro
vided in
section 1
49 (6) of t
he A
ct
and w
ho i
s e
ligib
le f
or appoin
tment ,
be a
nd is
here
by
appoin
ted a
s a
n In
dependent
Dir
ecto
r o
f th
e C
om
pany
with e
ffect fr
om
Octo
ber
30, 2014 u
p t
o O
cto
ber
29,
2019 a
nd that he s
hall n
ot be lia
ble
to
retire
by
rota
tion.
By O
rder
of
the B
oard
of
Dir
ecto
rs
For
Panya
m C
em
ents
& M
inera
l In
dustr
ies L
td
Pla
ce: N
an
dyal
S.
SR
EE
DH
AR
RE
DD
Y
Dt:
- 12
th A
ug
ust,
2015
Managin
g D
irecto
r
Regd. O
ffic
e
C-1
, In
dustr
ial E
sta
te, N
andya
l -
518 5
02,
Kurn
ool D
istr
ict, A
ndhra
Pra
desh
CIN
: L26940A
P1955P
LC
000546
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
CO
RO
PR
AT
E IN
FO
RM
AT
ION
34
No
tes:-
1.
The E
xpla
nato
ry S
tate
ment purs
uant to
section 1
02 o
f th
e C
om
panie
s A
ct, 2
013 (
Act)
in respect of th
e b
usin
ess u
nder
Item
No. 5 o
f th
e N
otice, is
annexe
d h
ere
to. T
he rele
vant deta
ils a
s requir
ed u
nder
cla
use 4
9 o
f th
e L
isting A
gre
em
ents
ente
red into
with the S
tock E
xchange, of pers
ons s
eekin
g a
ppoin
tment/ r
e-a
ppoin
tment as D
irecto
rs u
nder
Item
No. 2
to 3
and Ite
m N
o. 5 o
f th
e N
otice, are
als
o a
nnexe
d.
2.
A m
em
ber
entitled t
o a
ttend a
nd v
ote
at
the A
nnual G
enera
l M
eeting (
the “
Meeting”)
is e
ntitled t
o a
ppoin
t a p
roxy
to
attend a
nd v
ote
on a
poll i
nste
ad o
f him
self a
nd t
he p
roxy
need n
ot
be a
mem
ber
of
the C
om
pany.
The instr
um
ent
appoin
ting t
he p
roxy
should
, how
eve
r, b
e d
eposited a
t th
e r
egis
tere
d o
ffic
e o
f th
e C
om
pany
not
less than f
ort
y-eig
ht
hours
befo
re the c
om
mencem
ent of th
e M
eeting. A
pers
on c
an a
ct as a
pro
xy o
n b
ehalf o
f m
em
bers
not exc
eedin
g fifty
and h
old
ing in the a
ggre
gate
not m
ore
than ten p
erc
ent of th
e tota
l share
capital o
f th
e C
om
pany
carr
ying v
oting r
ights
.A
mem
ber
hold
ing m
ore
than ten p
erc
ent of th
e tota
l share
capital o
f th
e C
om
pany
carr
ying v
oting r
ights
may
appoin
t a
sin
gle
pers
on a
s p
roxy
and s
uch p
ers
on s
hall n
ot act as a
pro
xy for
any
oth
er
pers
on o
r share
hold
er.
3.
Corp
ora
te m
em
bers
inte
ndin
g to s
end their
auth
ori
sed r
epre
senta
tive
s to a
ttend the M
eeting a
re r
equeste
d to s
end to
the C
om
pany
a c
ert
ifie
d c
opy
of th
e B
oard
Resolu
tion a
uth
ori
sin
g their
repre
senta
tive
to a
ttend a
nd v
ote
on their
behalf
at th
e M
eeting.
4.
Bri
ef re
sum
e o
f D
irecto
rs inclu
din
g those p
roposed to b
e a
ppoin
ted / r
e-a
ppoin
ted, natu
re o
f th
eir
exp
ert
ise in s
pecific
functional are
as, nam
es o
f com
panie
s in w
hic
h t
hey
hold
dir
ecto
rship
s a
nd m
em
bers
hip
s /
chair
manship
s o
f B
oard
Com
mitte
es,
share
hold
ing a
nd r
ela
tionship
s b
etw
een d
irecto
rs inte
r-se a
s s
tipula
ted u
nder
Cla
use 4
9 o
f th
e L
isting
Agre
em
ent w
ith the S
tock E
xchange a
re p
rovi
ded.
5.
Mem
bers
are
requeste
d to b
ring their
attendance s
lip a
long w
ith their
copy
of A
nnual R
eport
to the M
eeting.
6.
In c
ase o
f jo
int hold
ers
att
endin
g the M
eeting, only
such jo
int hold
er w
ho is
hig
her in
the o
rder of nam
es w
ill b
e e
ntitled to v
ote
.
7.
Rele
vant docum
ents
refe
rred to in
the a
ccom
panyin
g N
otice a
nd the S
tate
ment are
open for in
spection b
y the m
em
bers
at th
eR
egis
tere
d O
ffic
e o
f th
e C
om
pany o
n a
ll w
ork
ing d
ays, except S
undays, during b
usin
ess h
ou
rs u
p to the d
ate
of th
e M
ee
ting.
8.
The C
om
pany
has n
otified c
losure
of
Regis
ter
of
Mem
bers
and S
hare
Tra
nsfe
r B
ooks f
rom
Monday,
Septe
mber
21,
2015 t
o S
atu
rday,
Septe
mber
26,
2015 (
both
days
inclu
siv
e)
for
dete
rmin
ing t
he n
am
es o
f m
em
bers
eligib
le f
or
div
idend o
n E
quity
Share
s, if d
ecla
red a
t th
e M
eeting.
9.
Mem
bers
hold
ing s
hare
s in e
lectr
onic
form
are
requeste
d to in
tim
ate
im
media
tely
any
change in their
addre
ss o
r bank
mandate
s t
o t
heir
Depository
Part
icip
ants
with w
hom
they
are
main
tain
ing t
heir
dem
at
accounts
. M
em
bers
hold
ing
share
s i
n p
hys
ical
form
are
requeste
d t
o a
dvi
se a
ny
change i
n t
heir
addre
ss o
r bank m
andate
s i
mm
edia
tely
to t
he
Com
pany
/ X
L S
oftech S
yste
ms L
td.
10.T
he S
ecuri
ties a
nd E
xchange B
oard
of
India
(S
EB
I) h
as m
andate
d t
he s
ubm
issio
n o
f P
erm
anent A
ccount
Num
ber
(PA
N) by
eve
ry p
art
icip
ant in
securi
ties m
ark
et. M
em
bers
hold
ing s
hare
s in
ele
ctr
onic
form
are
, th
ere
fore
, re
queste
d to
subm
it t
heir
PA
N t
o t
heir
Depository
Part
icip
ants
with w
hom
they
are
main
tain
ing t
heir
dem
at
accounts
. M
em
bers
hold
ing s
hare
s in p
hys
ical fo
rm c
an s
ubm
it their
PA
N to the C
om
pany
/ X
L S
oftech S
yste
ms L
td.
11.
Mem
bers
hold
ing s
hare
s in
sin
gle
nam
e a
nd p
hys
ical f
orm
are
advi
sed to
make n
om
ination in
respect o
f their s
hare
hold
ing
in t
he C
om
pany.
The n
om
ination f
orm
can b
e d
ow
nlo
aded f
rom
the C
om
pany’
s w
ebsite w
ww
.panya
mcem
ents
.com
under
the s
ection ‘In
vesto
r R
ela
tions’.
12.M
em
bers
who h
old
share
s in p
hys
ical fo
rm in m
ultip
le f
olios in identical nam
es o
r jo
int hold
ing in the s
am
e o
rder
of
nam
es a
re r
equeste
d to s
end the s
hare
cert
ific
ate
s to X
L S
oftech S
yste
ms L
td, fo
r consolidation into
a s
ingle
folio.
13.N
on-R
esid
ent In
dia
n M
em
bers
are
requeste
d to info
rm X
L S
oftech S
yste
ms L
td, im
media
tely
of:
(a)
Change in their
resid
ential sta
tus o
n retu
rn to India
for
perm
anent settle
ment.
(b)
Part
icula
rs o
f their b
ank
account m
ain
tain
ed in
India
with c
om
ple
te n
am
e, bra
nch, a
ccount ty
pe, account n
um
bera
nd
addre
ss o
f th
e b
ank w
ith p
in c
ode n
um
ber, if not fu
rnis
hed e
arl
ier.
14.
Mem
bers
who h
ave
not
regis
tere
d t
heir
e-m
ail a
ddre
sses s
o f
ar
are
requeste
d t
o r
egis
ter
their
e-m
ail a
ddre
ss f
or
receiv
ing a
ll c
om
munic
ation in
clu
din
g A
nnual R
eport
, N
otices, C
ircula
rs, etc
. fr
om
the C
om
pany
ele
ctr
onic
ally.
15.T
he N
otice o
f th
e A
GM
alo
ng w
ith th
e A
nnual R
eport
2014-1
5 is
bein
g s
ent by
ele
ctr
onic
mode to those M
em
bers
whose
e-m
ail
addre
sses a
re regis
tere
d w
ith the C
om
pany/
Depositori
es, unle
ss a
ny
Mem
ber has requeste
d for a p
hys
ical c
opy
of
the s
am
e.
For
Mem
bers
who h
ave
not
regis
tere
d t
heir
e-m
ail a
ddre
sses,
phys
ical
copie
s a
re b
ein
g s
ent
by
the
perm
itte
d m
ode.
16.T
he A
nnual
Report
of
your
com
pany
for
the f
inancia
l ye
ar
2014-1
5 w
ould
als
o b
e m
ade a
vailable
in t
he C
om
pany’
sw
ebsite” w
ww
.panya
mcem
ents
.com
17.To s
upport
the ‘G
reen In
itia
tive
’, the M
em
bers
who h
ave
not re
gis
tere
d their
e-m
ail a
ddre
sses a
re requeste
d to regis
ter
the s
am
e w
ith X
L S
oftech S
yste
ms L
td/D
epositori
es.
18.In
com
pliance w
ith the p
rovi
sio
ns o
f section 1
08 o
f th
e A
ct and the R
ule
s fra
med there
under, the M
em
bers
are
pro
vided
with the facility
to c
ast th
eir
vote
ele
ctr
onic
ally,
thro
ugh the e
-voting s
erv
ices p
rovi
ded b
y C
DS
L, on a
ll r
esolu
tions s
et
fort
h in this
Notice.
Th
e i
nstr
ucti
on
s f
or
mem
bers
fo
r v
oti
ng
ele
ctr
on
ically
are
as u
nd
er:
-
In c
ase o
f m
em
bers
receiv
ing
e-m
ail:
(i)
Log
on t
o t
he e
-votin
g w
eb
site w
ww
.evo
tingin
dia
.com
(ii)
Clic
k o
n “
Share
hold
ers
” ta
b.
(iii)
Now
, sele
ct
the “
CO
MP
AN
Y N
AM
E”
from
the d
rop d
ow
n m
enu a
nd c
lick o
n “
SU
BM
IT”
(iv)
Now
Ente
r yo
ur
User
ID
a.
For
CD
SL:
16 d
igits b
eneficia
ry I
D,
b.
For
NS
DL:
8 C
hara
cte
r D
P I
D f
ollo
wed b
y 8 D
igits C
lient
ID,
c.
Mem
bers
hold
ing s
hare
s i
n P
hysic
al
Form
should
ente
r F
olio
Num
ber
regis
tere
d
with t
he C
om
pany.
(v)
Next
ente
r th
e I
mage V
erification a
s d
ispla
yed a
nd C
lick o
n L
ogin
.
(vi)
If y
ou a
re h
old
ing
sh
are
s i
n d
em
at
form
and
had l
ogg
ed o
n t
o w
ww
.evo
tin
gin
dia
.com
and v
ote
d o
n a
n e
arlie
r vo
ting o
f any
com
pany,
then y
our
exi
sting p
assw
ord
is t
o b
e u
sed.
(vii)
If y
ou a
re a
first
tim
e u
ser
follo
w t
he s
teps g
iven b
elo
w:
Fo
r M
em
bers
ho
ldin
g s
hare
s i
n D
em
at
Fo
rm a
nd
Ph
ysic
al
Fo
rm
Ente
r yo
ur
10 d
igit a
lpha-n
um
eric *
PA
N issued b
y In
com
e T
ax
Depart
ment
(Applic
able
for
both
dem
at
share
hold
ers
as w
ell
as p
hys
ical
share
hold
ers
)
Mem
bers
wh
o h
ave
not
up
date
d th
eir
PA
N w
ith
th
e C
om
pan
y/D
ep
osit
ory
Part
icip
ant
are
req
ueste
d t
o u
se t
he f
irst
two l
etters
of
their
nam
e a
nd
the 8
dig
its o
f th
e s
equence n
um
ber
in t
he P
AN
fie
ld.
In c
ase t
he s
equence n
um
ber
is l
ess t
han 8
dig
its e
nte
r th
e a
pplic
able
num
ber
of
0’s
befo
re t
he n
um
ber
aft
er
the f
irst
two c
hara
cte
rs o
f th
e n
am
e in C
AP
ITA
L
letters
. E
g.
If y
our
nam
e is R
am
esh K
um
ar
with s
equence n
um
ber
1 t
hen e
nte
r
RA
00000001 i
n t
he P
AN
fie
ld.
Ente
r th
e D
ate
of
Birth
as r
ecord
ed in y
our
dem
at
account
or
in t
he c
om
pany
record
s
for
the s
aid
dem
at
account
or
folio
in d
d/m
m/y
yyy
form
at.
Ente
r th
e D
ivid
end B
ank D
eta
ils a
s r
ecord
ed in y
our
dem
at
account
or
in t
he c
om
pany
record
s f
or
the s
aid
dem
at
account
or
folio
.
Ple
ase e
nte
r th
e D
OB
or
Div
idend B
ank D
eta
ils i
n o
rder
to l
ogin
. If
the d
eta
ils
are
not
record
ed w
ith t
he d
ep
ository
or
com
pany
ple
ase e
nte
r th
e m
em
ber
id
folio
num
ber
in t
he D
ivid
end B
ank d
eta
ils f
ield
.
PA
N
DO
B
Div
ide
nd
Ban
k
Deta
ils #
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
56
(i)
After
ente
ring t
hese d
eta
ils a
ppro
priate
ly,
clic
k o
n “
SU
BM
IT”
tab.
(ii)
Mem
bers
hold
ing s
hare
s i
n p
hysic
al
form
will
then r
each d
irectly t
he C
om
pany s
ele
ction s
cre
en.
How
ever
mem
bers
hold
ing s
hare
s in d
em
at fo
rm w
ill n
ow
reach ‘P
assw
ord
Cre
ation’ m
enu w
here
in they a
re r
equired to
mandato
rily
ente
r th
eir login
passw
ord
in the n
ew
passw
ord
fie
ld.
Kin
dly
note
that th
is p
assw
ord
is t
o b
e a
lso
used b
y t
he d
em
at
hold
ers
for
voting for
resolu
tions o
f any o
ther
com
pany o
n w
hic
h t
hey a
re e
ligib
le t
o v
ote
,
pro
vid
ed that com
pany o
pts
for
e-v
oting thro
ugh C
DS
L p
latform
. It
is s
trongly
recom
mended n
ot to
share
your
passw
ord
with a
ny o
ther
pers
on a
nd t
ake u
tmost
care
to k
eep y
our
passw
ord
confidential.
(iii)
For
Mem
bers
hold
ing s
hare
s i
n p
hysic
al
form
, th
e d
eta
ils c
an b
e u
sed o
nly
for
e-v
oting o
n t
he r
esolu
tions
conta
ined in t
his
Notice.
(iv)
Clic
k o
n t
he E
VS
N for
the r
ele
vant
<C
om
pany N
am
e>
on w
hic
h y
ou c
hoose t
o v
ote
.
(v)
On the v
oting p
age, you w
ill s
ee “
RE
SO
LU
TIO
N D
ES
CR
IPT
ION
” and a
gain
st th
e s
am
e the o
ption “
YE
S/N
O”
for
voting.
Sele
ct th
e o
ption Y
ES
or
NO
as d
esired. T
he o
ption Y
ES
im
plie
s t
hat you a
ssent to
the R
esolu
tion
and o
ption N
O im
plie
s t
hat
you d
issent
to t
he R
esolu
tion.
(vi)
Clic
k o
n t
he “
RE
SO
LU
TIO
NS
FIL
E L
INK
” if y
ou w
ish t
o v
iew
the e
ntire
Resolu
tion d
eta
ils.
(vii)
After
sele
cting t
he r
esolu
tion y
ou h
ave d
ecid
ed t
o v
ote
on,
clic
k o
n “
SU
BM
IT”.
A c
onfirm
ation b
ox
will
be
dis
pla
yed.
If y
ou w
ish t
o c
onfirm
your
vote
, clic
k o
n “
OK
”, e
lse t
o c
hange y
our
vote
, clic
k o
n “
CA
NC
EL”
and
accord
ingly
modify y
our
vote
.
(viii)
Once y
ou “
CO
NF
IRM
” your
vote
on t
he r
esolu
tion,
you w
ill n
ot
be a
llow
ed t
o m
odify y
our
vote
.
(ix)
You c
an a
lso t
ake o
ut
of th
e v
oting d
one b
y y
ou b
y c
lickin
g o
n “
Clic
k h
ere
to p
rint”
option o
n t
he V
oting
pag
e.
(x)
If D
em
at account hold
er has forg
ott
en the c
hanged p
assw
ord
then E
nte
r th
e U
ser ID
and the im
age v
erification
code a
nd c
lick o
n F
org
ot
Passw
ord
& e
nte
r th
e d
eta
ils a
s p
rom
pte
d b
y t
he s
yste
m.
Institu
tional
share
hold
ers
(i.e.
oth
er
than
Ind
ivid
uals
, H
UF,
NR
I etc
.) a
re r
equ
ired to
log on
to h
ttps:
ww
w.e
votingin
dia
.co.in a
nd r
egis
ter
them
selv
es a
s C
orp
ora
tes.
They s
hould
subm
it a
scanned c
opy o
f th
e R
egis
tration F
orm
bearing t
he s
tam
p a
nd s
ign o
f th
e e
ntity
to
help
desk.e
voting@
cd
slin
dia
.com
After
receiv
ing the login
deta
ils they h
ave to c
reate
a u
ser
who w
ould
be a
ble
to lin
k the a
ccount(
s) w
hic
h they
wis
h t
o v
ote
on.
The l
ist
of
accounts
should
be m
aile
d t
o h
elp
desk.e
voting@
cdslin
dia
.com
and o
n a
ppro
val of
the a
ccounts
they w
ould
be a
ble
to c
ast
their v
ote
.
They s
hould
uplo
ad a
scanned c
opy o
f th
e B
oard
Resolu
tion a
nd P
ow
er
of A
ttorn
ey (
PO
A)
whic
h t
hey h
ave
issued in f
avour
of
the C
usto
dia
n,
if a
ny,
in P
DF
form
at
in t
he s
yste
m f
or
the s
cru
tiniz
er
to v
erify
the s
am
e.
In c
ase o
f m
em
bers
receiv
ing
th
e p
hysic
al co
py:
(A)
Ple
ase f
ollo
w a
ll ste
ps fro
m s
l. n
o.
(i)
to s
l. n
o.
(xvii)
above t
o c
ast
vote
.
(B)
The v
oting p
eriod b
egin
s o
n <
Date
and T
ime>
and e
nds o
n <
Date
and T
ime>
. D
uring this
period s
hare
hold
ers
’
of
the C
om
pany,
hold
ing s
hare
s e
ither
in p
hysic
al
form
or
in d
em
ate
rializ
ed f
orm
, as o
n t
he c
ut-
off d
ate
(record
date
) of
<R
ecord
Date
>,
may c
ast
their v
ote
ele
ctr
onic
ally
. T
he e
-voting m
odule
shall
be d
isable
d b
y
CD
SL f
or
voting t
here
after.
(C)
In c
ase y
ou h
ave a
ny q
ueries o
r is
sues r
egard
ing e
-voting,
you m
ay r
efe
r th
e F
requently A
sked Q
uestions
(“FA
Qs”)
and e
-voting m
anual
availa
ble
at
ww
w.e
votingin
dia
.co.in u
nder
help
section o
r w
rite
an e
to
help
desk.e
voting
@cdslin
dia
.com
.
19.
Kin
dly
note
that th
e S
hare
hold
ers
can o
pt only
one m
ode o
f voting,
i.e. either
by P
hysic
al B
allo
t or
e-v
oting. If
you a
re o
pting f
or
e-v
oting,
then d
o n
ot
vote
by P
hysic
al
Ballo
t als
o a
nd v
ice v
ers
a.
How
ever, i
n c
ase t
he
Share
hold
ers
cast
their v
ote
by P
hysic
al B
allo
t and e
-voting,
then v
oting d
one t
hro
ugh v
alid
Physic
al B
allo
t
shall
pre
vail
and v
oting d
one b
y e
-voting w
ill b
e t
reate
d a
s invalid
.
20.
The v
oting p
eriod b
egin
s a
t 9.0
0 A
.M.
on 2
3rd S
epte
mber, 2
015 a
nd e
nds a
t 5.0
0 P
.M.
on 2
5th S
epte
mber,
2015.
The e
-voting m
odule
shall
als
o b
e d
isable
d b
y C
SD
L for
voting t
here
after.
21.
The C
om
pany h
as a
ppoin
ted M
r. G
MV
Dhanunja
ya R
ao, C
om
pany S
ecre
tary
, F
lat N
o. 2
A, C
heru
ku A
part
ments
,
D.N
o.
3-6
-653/1
, S
treet
No.
9,
Him
ayath
Nagar, H
ydera
bad -
500 0
29.
Who in t
he o
pin
ion o
f th
e B
oard
is a
duly
qualif
ied p
ers
on,
as a
Scru
tiniz
er
who w
ill c
olla
te t
he e
lectr
onic
voting p
rocess in a
fair a
nd
tra
nspare
nt
man
ner. T
he S
cru
tiniz
er
shall
within
a p
eriod of
thre
e w
ork
ing d
ays f
rom
th
e d
ate
of
conclu
sio
n o
f th
e
share
hold
ers
meeting,
subm
it h
is r
eport
after
consolid
ation o
f e-v
oting a
nd t
he v
ote
s i
n t
he s
hare
hold
ers
meeting, cast
in favour
of or
again
st,
if any,
to the C
hairm
an o
f th
e C
om
pany.
Results w
ill b
e u
plo
aded o
n the
com
pany’s
website a
s w
ell
as intim
ate
d t
o the S
tock E
xchange(B
SE
).
22.
The S
cru
tiniz
er
will
subm
it h
is r
eport
to t
he C
hairm
an o
f th
e C
om
pany a
fter
com
ple
tion o
f th
e s
cru
tiny o
f th
e
e-v
oting p
rocess a
nd t
he r
esults
will
be a
nnounced a
t th
e R
egis
tere
d O
ffic
e o
f th
e C
om
pany s
ituate
at
C-1
,
Industr
ial E
sta
te,
Nandyal -
518 5
02,
Kurn
ool D
istr
ict,
Andhra
Pra
desh o
n 2
6th
Septe
mber
2015.
Info
rmati
on
as r
eq
uir
ed
by c
lau
se 4
9 (
VIA
) o
f th
e L
isti
ng
Ag
reem
en
t:
As r
equired b
y c
lause 4
9(V
IA)
of
the L
isting A
gre
em
ent
with t
he S
tock E
xchange,
the i
nfo
rmation r
ela
ting t
o t
he
Directo
rs p
roposed t
o b
e a
ppoin
ted/r
e-a
ppoin
ted i
s p
rovid
ed h
ere
under:
Item
No
.2:
Dr.R
.K.P
rasad S
unkara
, aged a
bout 69 y
ears
, is
a D
octo
r by P
rofe
ssio
n.h
avin
g p
ractice a
t U
SA
. H
e is h
avin
g a
tota
l
exp
erience o
f about
37 y
ears
in m
edic
al
field
.. H
is g
uid
ance a
nd s
erv
ices a
re i
mm
ense f
or
furt
her
gro
wth
of
the
com
pany.
Item
No
.3:
Mrs
. V
. A
ravin
da R
ani, a
ged a
bout 34 y
ears
, is
a g
raduate
in M
echanic
al E
ngin
eering fro
m the p
restigio
us G
PR
EC
Kurn
ool. A
n a
cadem
icia
n b
y p
rofe
ssio
n n
ow
, she i
s t
he k
ey f
ounder
mem
ber
of
Nandi
academ
y, a
n i
nte
rnational
sta
ndard
s b
ased s
chool
that
offers
all-
round d
evelo
pm
ent
of
stu
dents
thro
ugh p
roje
ct
based l
earn
ing,
adopting
varied c
urr
iculu
m lik
e E
xceed,
Multip
le inte
lligence t
echniq
ues e
tc w
ith C
BS
E a
nd I
GC
SE
affili
ations.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
78
Deta
ils o
f D
irecto
rs s
eekin
g A
pp
oin
tmen
t/R
e-a
pp
oin
tmen
t at
the A
nn
ual
Gen
era
l M
eeti
ng
:-
Date
of B
irth
16.1
1.1
946
12-0
1-1
979
07.0
1.1
946
Date
of A
ppoin
tment
26.1
1.1
994
13-0
8-2
014
31.1
2.2
014
Qualif
ications
MB
BS
B. Tech
Engg,.G
raduate
Exp
ert
ise in
specific
By
Pro
fessio
nA
cadem
icia
n b
yC
em
ent
functional a
reas
Docto
rP
rofe
ssio
nTechnocra
ft
Dir
ecto
rship
s h
eld
in o
ther
Suja
la F
eeds P
vt L
td
com
panie
sN
andi P
ipes P
vt L
td.
(exc
ludin
g fore
ign
NIL
Sre
ekanth
Tra
din
g P
vt L
tdN
IL
com
panie
s)
Nandi P
ipes H
ydera
bad P
vt L
td
Nandi M
ilk P
roducts
Pvt
Ltd
.
S.P
.Y.A
gro
Industr
ies L
td
Nandi P
VC
Pro
ducts
Pvt
Ltd
Monarc
h W
ate
r C
onta
iner
Pvt
.Ltd
.
Inte
gra
ted T
herm
o P
lastics L
imited
Sre
ekanth
Pip
es P
riva
te L
imited (
Part
IX
)
Mem
bers
hip
s/
Chairm
anship
s
of com
mitte
es o
f
oth
er com
panie
s
(inclu
des o
nly
Audit
Nil
Nil
Nil
Com
mitte
e a
nd
Share
hold
ers
/
Inve
sto
rs G
rieva
nce
Com
mitte
e)
Num
ber of share
s
held
in the C
om
pany
166135
1033081
NIL
By
Ord
er
of
the B
oard
of
Dir
ecto
rs
For
Panya
m C
em
ents
& M
inera
l In
dustr
ies L
td
Pla
ce:
Nan
dy
al
Dt:
- 12
th A
ug
ust,
2015
S.
SR
EE
DH
AR
RE
DD
Y
Regd.
Off
ice
Manag
ing D
irecto
r
C-1
, In
dustr
ial
Esta
te
Nandya
l -
518 5
02,
Kurn
ool
Dis
tric
t
An
dhra
Pra
desh
CIN
: L
269
40A
P1955
PLC
0005
46
Mrs
. V
. A
ravin
da R
ani als
o p
art
icip
ate
s in t
he d
ay-t
o-d
ay o
pera
tional and f
inancia
l decis
ions in t
he N
andi G
roup o
f
Com
panie
s.
EX
PL
AN
AT
OR
Y S
TA
TE
ME
NT
PU
RS
UIA
NT
TO
TH
E P
RO
VIS
ION
S O
F S
EC
TIO
N 1
02 O
F T
HE
CO
MP
AN
IES
AC
T, 2013:
Item
No
.5:
Sri P
.J.R
eddy (D
IN N
o.0
7053207) is
a M
echanic
al E
ngin
eer w
ith P
G in M
ate
rials
Managem
ent and h
avin
g a
bout 40
years
of
exp
erience in C
em
ent
Industr
y in v
arious c
apacitie
s.
He h
as w
ork
ed w
ith A
CC
, A
ndhra
Cem
ents
, D
eccan
Cem
ents
and P
anyam
Cem
ents
as V
ice-P
resid
ent
during t
he p
eriod D
ecem
ber, 2
004 t
o J
une, 2010.
He h
as g
ood
skill
s i
n P
roje
ct
exe
cution,
optim
ization o
f pro
duction a
nd p
ow
er. H
e h
as t
he c
redit o
f exe
cuting t
hre
e p
roje
cts
in
Deccan C
em
ents
and o
ne in P
anyam
Cem
ents
.
None o
f the o
ther
Directo
rs /
Key M
anagerial P
ers
onnel of th
e C
om
pany / their r
ela
tives a
re, in
any
way,
concern
ed
or
inte
reste
d,
financia
lly o
r oth
erw
ise,
in t
he r
esolu
tion.
Part
icula
rsD
r. R
.K.
Pra
sad
Su
nkara
V.
Ara
vinda R
ani
Jayara
ma R
edd
y
Pedir
ed
dyg
ari
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
91
0
The g
ross s
ale
s f
or
the y
ear
und
er
report
was
Rs.
11265.1
0 lakhs
as a
gain
st
Rs.6
175.9
1 lakhs
in
the p
revi
ous y
ear. T
he N
et
Loss a
fter
tax
for
the y
ear
was R
s.1
515
.54
la
khs a
s a
gain
st
net
loss (
befo
re e
xceptional
incom
e o
f R
s.
3246.7
8L
akhs a
nd n
et
loss o
f R
s.
42
5.8
1 l
akh
s i
n t
he
pre
vio
us
ye
ar
aft
er
exc
ep
tio
na
l in
co
me
o
f
Rs.
2820.9
7 L
akhs.
As s
tate
d i
n o
ur
last
year
An
nu
al
Rep
ort
, th
ed
eve
lop
er
Gre
en
ag
e G
rih
a N
irm
an
P
riva
teLim
ited (
form
erly
know
n a
s B
him
sankar
Realtors
Priva
te L
imited
) h
as c
om
ple
ted t
he f
irst
phase
of
constr
uction o
f f
our
blo
cks a
nd t
he r
em
ain
ing
six
blo
cks i
n s
econ
d p
hase w
ill
be c
om
ple
ted
befo
re 3
1st
Decem
ber, 2
015.
MO
DE
RN
ISA
TIO
N O
F T
HE
CE
ME
NT
UN
IT:
Th
e m
od
ern
iza
tio
n w
ork
s fo
r im
pro
vin
g th
ee
ffic
ien
cy
an
d
pro
du
cti
vit
y
to
red
uc
e
the
opera
tional
costs
and
cu
ttin
g d
ow
n o
f lo
gis
tics
has b
een
shelv
ed
to s
tab
ilize t
he o
pera
tions o
fth
e u
nit.
DIV
IDE
ND
:
Your
Directo
rs r
egre
t th
eir i
nabili
ty t
o r
ecom
mend
any
div
idend o
n E
quity
Share
s in v
iew
of
the c
arr
yfo
rward
losses.
Con
seq
uen
tly t
he p
aym
en
t of
div
ide
nd
in
re
sp
ec
t o
f R
ed
ee
ma
ble
“C
”
Cu
mu
lati
ve
P
refe
ren
ce
S
ha
res
h
eld
by th
eF
inancia
l In
stitu
tions a
lso h
as b
een p
assed o
ver.
FIX
ED
DE
PO
SIT
S:
Th
e C
om
pa
ny h
as
no
t a
cc
ep
ted
an
y F
ixe
dD
ep
osit d
uri
ng t
he y
ear
an
d t
here
are
no f
ixed
deposits o
uts
tandin
g a
s o
n 3
1st
Marc
h,
2015.
INS
UR
AN
CE
:
Th
e a
ss
ets
of
the
C
om
pa
ny a
re a
de
qu
ate
lyin
sure
d.
CU
RR
EN
T Y
EA
R P
RO
SP
EC
TS
:
The e
ffort
s t
aken b
y th
e m
anagem
ent
to i
mpro
veth
e p
erf
orm
an
ce
of
the c
om
pan
y h
as
sta
rted
yield
ing
im
pro
ved r
esults.
We e
xp
ect
that
the d
em
an
d f
or
cem
en
t d
uri
ng
the c
urr
en
t fi
nan
cia
l w
ill
als
o c
on
tin
ue d
ue t
oin
itia
tive
s b
y th
e n
ew
G
ove
rnm
en
t s
uc
h a
s
ho
us
ing
fo
r all,
sm
art
cit
ies,
Sw
ach
h B
hara
tcam
paig
n,
infr
astr
uctu
re s
pendin
g,
concre
te r
oad
initia
tives a
nd a
n i
ncre
ase i
n a
llocation
of
funds
to s
tate
s a
re lik
ely
to s
ee a
positiv
e im
pact
on t
he
Cem
ent
Ind
ustr
y.
IND
US
TR
IAL
RE
LA
TIO
NS
:
Com
pan
y’s
In
dustr
ial
Rela
tion
s c
on
tin
ue t
o b
eharm
onio
us a
nd c
ord
ial.
EM
PL
OY
EE
S:
You
r D
ire
cto
rs w
ish
to p
lac
e on
rec
ord
th
eir
sin
ce
re a
pp
recia
tion
of
the w
ho
le-h
ea
rted
co
opera
tion e
xte
nded a
nd t
he v
alu
able
contr
ibution
made b
y th
e e
mplo
yees a
t all
levels
.
AU
DIT
OR
S:
M/s
. B
rahm
ayy
a &
Co., C
hart
ere
d A
ccoun
tants
,A
doni, w
ere
app
oin
ted
as S
tatu
tory
Aud
itors
of
the
Com
pan
y f
or
a t
erm
of
3 y
ea
rs u
pon
th
e
recom
men
dation o
f th
e A
udit C
om
mitte
e a
t its
meeting h
eld
on 1
3th A
ugust, 2
014 b
y th
e B
oard
in i
ts m
eeting h
eld
on 1
3th A
ugust, 2
014,
subje
ct
to t
he m
em
bers
ratification e
very
year
to c
om
ply
with t
he S
ection 1
43 o
f th
e C
om
panie
s A
ct, 2
013.
Accord
ing
ly,
a r
esolu
tion
for
ratification
by t
he
mem
bers
will
be p
laced a
t th
e e
nsu
ing A
nn
ual
Gen
era
l M
eetin
g a
nd
will
be e
ffective u
pto
th
enext
An
nual
Genera
l M
eeting.
AU
DIT
OR
’S R
EP
OR
T:
As
re
ga
rds
n
on
-pro
vis
ion
o
f g
ratu
ity,
su
pera
nnu
ation a
nd l
eave
encashm
ent
lia
bili
tyon a
ctu
arial va
luation,
it is p
rovi
ded o
n r
etire
ment
of
em
plo
ye
es
on
a
con
sis
ten
t b
as
is a
nd
th
elia
bili
ty i
s n
ot
ascert
ain
ed.
As r
eg
ard
s n
on
-re
mitta
nce
of u
nd
isp
ute
d s
tatu
tory
du
es a
s m
en
tio
ne
d i
n p
ara
vii(
a)
of
An
ne
xu
re t
oA
ud
itors
’ Re
port
an
d d
ue
s to
ba
nks
as m
en
tion
ed
inpa
ra (ix
) o
f the
An
ne
xure
to th
e R
ep
ort
, th
e C
om
pa
ny
is c
leari
ng th
e s
tatu
tory
due
s in
a fa
ce
d m
ann
er a
nd
du
es to
ba
nks w
ere
pa
id a
fte
r 3
1-0
3-2
01
5.
CO
ST
AU
DIT
:
The C
ost
Audit i
s n
ot
applic
able
for
the f
inancia
l
yea
r 2
01
4-1
5,
as
th
e G
ross
Tu
rnover
of
the
Com
pany
was b
elo
w R
s.1
00.0
0 c
rore
s d
uring t
he
pre
viou
s f
inancia
l ye
ar
pu
rsu
ant
to S
ection 1
48
of
the C
om
panie
s A
ct, 2
013.
In a
ccord
ance w
ith
the C
om
panie
s (
Cost
Audit R
eport
) R
ule
s,
2011,
the C
ost
Audit R
eport
in
XB
RL f
or
the f
inancia
l
year
ended 3
1st
Marc
h,
2014 w
as f
iled v
ide S
RN
No.S
37
74
42
16
with
th
e M
inis
try o
f C
orp
ora
teA
ffairs,
New
Delh
i.
DIR
EC
TO
RS
:
In t
erm
s o
f th
e A
rtic
les o
f A
ss
ocia
tion
of
the
Co
mp
an
y, D
r.R
.K.P
rasad
Su
nka
ra a
nd
Sm
t.
V.A
ravin
da
Ran
i w
ill
reti
re b
y r
ota
tion
at
the
en
su
ing
An
nu
al
Ge
ne
ral
Me
eti
ng
an
d b
ein
g
DIR
EC
TO
RS
’ R
EP
OR
T :
To
The M
em
bers
Your
Directo
rs h
ave
ple
asure
in p
resenting t
he 5
9th A
nnual
Report
and A
udited S
tate
ments
of
Accounts
for
the y
ear
ended 3
1st
Marc
h,
2015:
FIN
AN
CIA
L R
ES
ULT
S :
Year
en
ded
31
st M
arc
h
201
4
Year
en
ded
31
st M
arc
h
201
5
(Rs.in l
akhs)
OP
ER
AT
ION
S:
The c
om
pany
has p
roduced d
uring t
he y
ear
2014-1
5,
2,4
5,7
79 M
.Tonnes o
f cem
ent
as
again
st
1,4
0,2
98
M.
Tonnes p
roduced d
uring t
he p
revi
ous y
ear.
The p
erf
orm
ance o
f th
e C
om
pany
has i
mpro
ved
during
the s
econ
d h
alf o
f th
e f
inancia
l ye
ar. T
he m
ajo
r fa
cto
r fo
r im
pro
ved p
erf
orm
ance w
as d
ue t
o f
avo
ura
ble
mark
et
conditio
ns a
nd
manufa
ctu
re o
f sla
g c
em
ent.
Inc
om
e:
Gro
ss S
ale
s o
f m
anufa
ctu
red p
roducts
..112
65
.10
617
5.9
1
Less:
Exc
ise D
uty
and S
ale
s T
ax
..2
36
6.7
91
41
0.8
3
——
——
——
——
Net
Sale
s o
f m
anu
factu
red p
roducts
..8
89
8.3
14
76
5.0
8
Oth
er
Incom
e..
523
.13
457
.53
——
——
——
——
Tota
l..
942
1.4
45
22
2.6
1
——
——
——
——
Pro
fit(
+)
/ (L
oss)
(-)
befo
re I
nte
rest
and D
epre
cia
tion
256
.39
(-)
1292.0
6
Less:
Inte
rest
and F
inance c
harg
es
..11
79
.43
129
3.2
2
Less:
Depre
cia
tion
..5
92
.50
661
.50
——
——
——
——
Net
Pro
fit
(+)
/ (L
oss)
(-)
befo
re e
xceptional
and
Ext
ra-O
rdin
ary
Ite
ms a
nd
Tax
(-)
1515.5
4(-
) 3246.7
8
Add:E
xceptional
Item
s o
n t
ransfe
r of
Wire
Div
isio
n L
an
d p
ropert
y un
der
Join
t D
eve
lopm
ent
Ag
reem
en
t-
282
0.9
7
Ext
ra -
Ord
inary
Ite
ms
--
——
——
——
——
Net
Pro
fit(
+)
/ (L
oss)
(-)
/ befo
re T
ax
(-)
1515.5
4(-
) 425.8
1
Pro
visio
n f
or
- In
com
e T
ax
for
the y
ear
(MA
T)
-0
.00
Defe
rred T
ax
Lia
bili
ty-
0.0
0
——
——
——
——
Net
Pro
fit
/ (L
oss)
aft
er
tax
(-)
1515.5
4(-
) 425.8
1
Loss B
roug
ht
Forw
ard
fro
m p
revi
ous y
ear
(-)1
95
0.6
5(-
)152
4.8
4
Depre
cia
tion o
n F
ixed A
ssets
whose u
sefu
l lif
e i
s o
ver
(-)2
2.3
7-
——
——
——
——
Loss c
arr
ied t
o B
ala
nce S
heet
(-)
3488.5
6(1
95
0.6
5)
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
11
12
elig
ible
off
er
them
selv
es f
or
re-a
pp
oin
tment.
Sri
A.V
. N
ara
sim
ha R
eddy
has r
esig
ned a
s a
Directo
rof
the C
om
pany
on 2
0th A
pri
l, 2
015.
Th
e B
oard
pla
ced o
n r
ecord
its
ap
pre
cia
tion f
or
his
active
part
icip
ation a
nd a
dvi
ce d
uri
ng t
he d
elib
era
tions
of
Board
and A
udit C
om
mitte
e d
uring h
is t
enure
of
off
ice.
Pu
rsu
an
t to
pro
vis
ion
s o
f 1
49
, 1
52
an
d o
ther
app
licab
le p
rovis
ions,
if a
ny o
f th
e C
om
pan
ies
Act, 2
013
read w
ith s
chedule
IV
to t
he A
ct, S
ri
Ja
ya
ram
a
Re
dd
y
Pe
dir
ed
dyg
ari
(D
INN
O.0
7053207)
was a
ppoin
ted a
s a
n I
ndependent
Directo
r of
the C
om
pany t
o h
old
the s
aid
off
ice
for
a p
eri
od
of
five y
ears
with
eff
ect
from
30
th
Oto
ber, 2
014 t
o 2
9th O
cto
ber, 2
019.
KM
PS
OT
HE
R T
HA
N D
IRE
CT
OR
S:
In
ac
co
rda
nc
e
wit
h
the
p
rovis
ion
s
of
the
Com
panie
s A
ct, 2
013 a
nd L
isting A
gre
em
ent
with
the S
tock E
xchange, S
ri S
.Nagesw
ara
Reddy
has
been a
ppoin
ted a
s C
hie
f F
inancia
l O
ffic
er
of
the
Com
pany
w.e
.f.3
0th M
arc
h,
20
15.
DIR
EC
TO
RS
’ R
ES
PO
NS
IBIL
ITY
ST
AT
EM
EN
T:
Pu
rsu
an
t to
th
e r
eq
uir
em
en
ts u
nd
er
Se
cti
on
134(5
) of
the C
om
panie
s A
ct, 2
013,
with r
espect
to D
irecto
rs’ R
esponsib
ility
sta
tem
ent, it
is h
ere
by
con
firm
ed
:
a)
that
in p
repara
tion
of
the a
ccou
nts
for
the
finan
cia
l ye
ar
ended 3
1st
Marc
h,
20
15,
the
applic
able
accoun
ting s
tandard
s h
ave
been
foll
ow
ed
alo
ng
w
ith
pro
pe
r e
xp
lan
ati
on
rela
ting t
o m
ate
rial
depart
ure
s;
b)
tha
t th
e D
ire
cto
rs h
ave
s
ele
cte
d s
uc
h
ac
co
un
tin
g
po
lic
ies
a
nd
a
pp
lie
d
the
mc
on
sis
ten
tly a
nd
m
ad
e ju
dg
me
nts
a
nd
estim
ate
s t
hat
were
reasonable
and p
rudent
so a
s t
o g
ive a
tru
e an
d f
air
vie
w o
f th
esta
tem
ent
of
aff
airs o
f th
e C
om
pany
at
the
end o
f th
e f
inancia
l year
and o
f th
e l
oss o
f
the C
om
pany
for
the y
ear
under
revi
ew
;
c)
that
the D
irecto
rs h
ave t
aken
pro
per
an
ds
uff
icie
nt
ca
re fo
r th
e m
ain
ten
an
ce
o
f
adequate
accounting r
ecord
s i
n a
ccord
ance
with t
he p
rovis
ion
s o
f th
e C
om
pan
ies A
ct,
19
56
fo
r s
afe
gu
ard
ing
th
e ass
ets
of
the
Com
pany
and f
or
pre
ven
tin
g a
nd d
ete
cting
frau
d a
nd o
ther
irre
gula
rities.
d)
tha
t th
e
Dir
ec
tors
h
ave
p
rep
are
d
the
accounts
for
the f
inancia
l year
end
ed 3
1st
Marc
h,
2015
on a
“goin
g c
oncern
” basis
.
AU
DIT
CO
MM
ITT
EE
:
Th
e A
ud
it C
om
mitte
e c
on
tin
ues t
o f
un
ction
to
com
ply
with t
he p
rovi
sio
ns o
f C
lau
se 4
9 o
f th
e
Lis
ting A
gre
em
ent
and o
ther
sta
tuto
ry p
rovi
sio
ns.
The A
udit C
om
mitte
e w
as r
econ
stitu
ted w
ith t
he
follow
ing
mem
bers
Sri
P.J
ayara
ma R
ed
dy,
Sri
V.R
am
nath
and
Sri
A.V
.Nara
sim
ha R
ed
dy.
S
riP.J
aya
ram
a R
eddy i
s t
he C
hair
man o
f th
e A
udit
Com
mitte
e.
The A
udit C
om
mitte
e m
et
four
tim
es
du
ring
last
year
an
d r
evi
ew
ed
th
e I
nte
rnal
Aud
itR
eport
s a
nd q
uart
erly
results.
CO
RP
OR
AT
E G
OV
ER
NA
NC
E:
Yo
ur
Dir
ec
tors
re
aff
irm
th
eir
c
on
tin
ue
dc
om
mit
me
nt
to g
oo
d c
orp
ora
te g
ove
rna
nc
ep
racti
ces.
Du
rin
g t
he y
ear
un
de
r re
vie
w,
you
r
com
pany w
as i
n c
om
plia
nce w
ith t
he p
rovi
sio
ns
of
Cla
use 4
9 o
f th
e L
isting
Agre
em
ent
with
the
Sto
ck
Exc
ha
ng
e
rela
tin
g
to
Co
rpo
rate
Govern
an
ce.
A s
epara
te r
eport
on C
orp
ora
te G
overn
ance i
sin
corp
ora
ted
alo
ng
with
a c
ert
ific
ate
fro
m t
he
Au
ditors
of
the C
om
pany r
egard
ing
com
plia
nce
of
the c
onditio
ns o
f C
orp
ora
te G
overn
ance a
nd
are
giv
en s
epara
tely
as a
part
of
the D
irecto
rs’
Re
po
rt.
F
urt
he
r a
s
a
pa
rt
of
the
re
po
rt,
“Managem
ent
Dis
cussio
n a
nd A
naly
sis
” has a
lso
been f
urn
ish
ed.
CO
NS
ER
VA
TIO
N O
F E
NE
RG
Y,
TE
CH
NO
LO
GY
AB
SO
RP
TIO
N A
ND
FO
RE
IGN
EX
CH
AN
GE
EA
RN
ING
/OU
TG
O:
The i
nfo
rmation r
equired u
nder
section 1
34(3
)(1)
of
the
C
om
pa
nie
s A
ct,
2
01
3 re
ad
w
ith
th
eC
om
pan
ies (D
isclo
su
re o
f p
art
icu
lars
in
th
eR
eport
of
Board
of
Directo
rs)
Rule
s,
19
88 w
ith
res
pe
ct
to th
es
e m
att
ers
a
re s
et
ou
t in
th
eA
nnexu
re I
and f
orm
s p
art
of
the r
eport
.
CO
MP
LIA
NC
E W
ITH
LIS
TIN
G A
GR
EE
ME
NT:
Cla
use 4
3A
:
Th
e E
quity/P
refe
rence S
hare
s o
f th
e C
om
pan
yare
lis
ted o
n t
he B
om
bay
Sto
ck E
xchange L
imited
an
d t
he a
nnu
al
listing
fee w
as p
aid
to t
he s
aid
Sto
ck E
xchan
ge f
or
the f
inan
cia
l year
201
5-1
6on 3
rd M
ay,
2015.
Cash F
low
sta
tem
ent
is a
ttached a
s A
nnexu
re I
Iand f
orm
s p
art
of
this
report
.
Sta
tem
en
t c
on
ce
rnin
g d
ev
elo
pm
en
t a
nd
imp
lem
en
tati
on
of
Ris
k M
an
ag
em
en
t P
olicy
of
the C
om
pan
y.
A S
pecia
l Team
with S
enor
Exe
cutive
s h
as b
een
form
ed
wh
ich
h
as
be
en
e
ntr
us
ted
wit
h th
e
responsib
ility
to a
ssis
t th
e M
anagin
g D
irecto
r in
(a)
Ove
r seekin
g a
nd a
ppro
ving t
he C
om
pany’s
ente
rprise r
isk m
anagem
ent
fram
e w
ork
, and (
b)
Ove
rseekin
g t
hat
all
the r
isks t
hat
the o
pera
tion
faces s
uch a
s s
trate
gic
, financia
l, c
redit m
ark
et,
liq
uid
ity,
secu
rity
, p
rop
ert
y, I
T,leg
al, r
eg
ula
tory
,
reputa
tional
an
d o
ther
risks h
ave
been i
dentified
an
d ass
es
se
d a
nd
th
ere
is an
ad
eq
ua
te ri
sk
man
ag
em
en
t in
frastr
uctu
re i
n p
lace c
apab
le o
f
addre
ssin
g t
hose r
isks.
The C
om
pany
manages,
monitors
and r
eport
s o
nth
e p
rin
cip
al
risks
an
d u
nc
ert
ain
ties t
hat
can
impact its a
bili
ty to a
chie
ve its
str
ate
gic
obje
ctive
s.
Th
e
Co
mp
an
y’s
m
an
ag
em
en
t s
ys
tem
s,
org
aniz
ational
str
uctu
res,
pro
cesses,
sta
ndard
s,
code o
f conduct
and b
ehavi
ors
togeth
er
form
the
Man
agem
ent
and b
usin
ess t
he C
om
pany.
Th
e
Co
mp
an
y
ha
s
intr
od
uc
ed
s
eve
ral
imp
rove
men
ts t
o In
teg
rate
d E
nte
rpri
se
R
isk
Managem
ent, I
nte
rnal
contr
ols
, M
anagem
ent
and
Assura
nce f
ram
ew
ork
s a
nd p
rocesses t
o d
rive
acom
mon
in
teg
rate
d v
iew
of
risks,
op
tim
al
risk
mitig
ation
responses a
nd e
ffic
ien
t m
anagem
ent
of
inte
rnal
contr
ol
and a
ssura
nce a
ctivi
ties.
This
inte
gra
tion
is e
nab
led
by a
ll t
hre
e b
ein
g f
ully
alig
ned a
cro
ss c
oun
try w
ide R
isk M
an
agem
en
t,In
tern
al
Co
ntr
ol
an
d
Inte
rna
l A
ud
ito
r
meth
odolo
gie
s a
nd p
rocesses.
Deta
ils o
f P
olicy
dev
elo
ped
an
d i
mp
lem
en
ted
by
th
e
Co
mp
an
y
on
it
s
Co
rp
ora
teR
esp
on
sib
ilit
y i
nit
iati
ves
The C
om
pany
has t
aken v
arious C
orp
ora
te S
ocia
lR
esponsib
ility
(C
SR
) activi
ty a
rou
nd t
he f
acto
rysite s
ince its
inception.
The C
om
pany
has t
aken
ap
pro
pri
ate
ste
ps
to
th
e p
os
sib
le e
xte
nt
toim
ple
ment
CS
R a
ctivi
ties f
or
the d
eve
lopm
ent
of
are
as s
urr
oundin
g t
he c
om
pany
in p
art
icula
r and
oth
er
are
as i
n g
enera
l.
A w
ell
docum
ente
d C
SR
Policy h
as b
een
dra
fted
by a
Tea
m o
f S
en
ior
Exe
cu
tive
s o
f th
e C
om
pany a
nd
the s
am
e w
as
appro
ved b
y th
e B
oard
in its
meeting h
eld
on 3
0th
Marc
h,
2015.
Pa
rtic
ula
rs o
f C
on
tra
cts
or
Arr
an
ge
me
nts
mad
e w
ith
Rela
ted
Part
ies:
Duri
ng t
he c
ours
e o
f its b
usin
ess,
the c
om
pany
is d
ealin
g w
ith t
he G
roup C
om
panie
s w
hic
h a
reR
ela
ted P
art
ies p
urs
uan
t to
Section 1
88 o
f th
e
Com
pan
ies A
ct,
2
013
. A
ccord
ing t
o S
tan
dard
18 a
nd
cla
use 4
9 o
f th
e L
istin
g A
gre
em
en
t fo
rS
ale
, P
urc
has
e,
Le
ase
Re
nta
l T
ran
sac
tio
ns
,
serv
ices a
vaile
d /
pro
vided a
nd
mon
eta
ry v
alu
eof
the t
ran
saction
s a
re m
en
tion
ed
in
note
s t
o
Accounts
Poin
t N
o.2
5.9
to c
om
ply
with A
ccounting
Sta
ndard
s 1
8 a
nd o
ther
app
licable
pro
vis
ions o
fth
e C
om
panie
s A
ct, 2
013.
All
the R
ela
ted p
art
y
transactions w
ere
on
arm
-leng
th.
Ex
tra
cti
on
or
co
mm
en
ts o
n q
ua
lifi
ca
tio
ns
,re
se
rva
tio
ns
o
r
ad
ve
rse
re
ma
rks
o
rd
isclo
su
res
ma
de
by
th
e A
ud
ito
rs a
nd
th
e
Pra
cti
cin
g C
om
pan
y S
ecre
tary
in th
eir
Rep
ort
s
Sta
tuto
ry A
udito
rs o
f th
e C
om
pany
and t
he P
ract
icin
gC
om
pan
y S
ecr
eta
ry,
wh
o h
ave
co
nd
uct
ed
sta
tuto
ry
audit
and S
ecr
eta
rial A
udit
have
not m
ade a
ny
adve
rse
com
me
nts
on t
he
act
ivitie
s of
the C
om
pa
ny f
or
the
financi
al
year
2014-1
5.
Co
mp
an
y’s
P
oli
cy
re
lati
ng
to
D
ire
cto
rsap
po
intm
en
t, p
ay
men
t o
f R
em
un
era
tio
n a
nd
dis
ch
arg
e o
f th
eir
du
ties.
Th
e N
om
ination
an
d R
em
un
era
tion
Com
mitte
e
has b
een c
onstitu
ted b
y th
e B
oard
in i
ts m
eting
he
ld
on
3
0th
M
arc
h,
20
15
to
e
ns
ure
th
eappoin
tment
of
pers
ons h
avi
ng v
ide e
xposure
in
their
fie
lds,
havin
g i
nd
ep
en
dence a
s d
efin
ed
in
the A
ct
to b
e a
vaila
ble
for
appoin
tment as D
irecto
r(T
he C
om
mitte
e a
lways k
eeps a
lis
t of
em
inent
pers
on
s h
avi
ng i
nd
epend
ence a
vailab
le f
or
the
Com
pany’
s r
equirem
ent
dependin
g u
pon v
acancy
on t
he B
oard
).
As r
egard
s r
em
unera
tion p
aya
ble
to W
hole
tim
e D
irecto
rs i
nclu
din
g C
hairm
an a
nd
Manag
ing D
irecto
r, t
he B
oard
will
take c
olle
ctive
decis
ion w
ithin
the p
ara
mete
r of
various s
tatu
tes
inc
lud
ing
C
om
pa
nie
s A
ct,
2
01
3 a
nd
Lis
tin
gA
gre
em
en
t. T
he
C
om
mit
tee
w
ill
foll
ow
th
eC
om
pa
ny’s
p
oli
cy
to
dis
ch
arg
e
its
d
uti
es
wheneve
r necessity
ari
ses.
It
will
not
be o
ut
of
pla
ce t
o m
ention t
hat th
e s
et
polic
y bein
g f
ollo
wed
sin
ce
in
ce
pti
on
o
f th
e C
om
pa
ny to
e
ns
ure
transpare
ncy.
Inte
rnal
Fin
an
cia
l C
on
tro
ls:
Th
e C
om
pa
ny h
as
in
pla
ce a
deq
uate
in
tern
al
fin
an
cia
l c
on
trols
wit
h r
efe
ren
ce t
o fi
nan
cia
lsta
tem
ents
. D
uring t
he y
ear, s
uch c
ontr
ols
were
teste
d a
nd n
o r
eport
ab
le m
ate
rial
weakness i
n
the d
esig
n o
r op
era
tion w
ere
observ
ed.
Secre
tari
al
Au
dit
or:
Th
e B
oard
has a
pp
oin
ted
M/s
.G.M
.V.D
.R.
an
dA
ssocia
tes,
Pra
cticin
g C
om
pany S
ecre
tari
es t
o
conduct
the S
ecre
tarial A
udit f
or
the f
inancia
l ye
ar
20
14
-15
. T
he S
ecre
tari
al
Au
dit R
ep
ort
for
the
financia
l ye
ar
ended 3
1st M
arc
h,
2015 is a
nnexe
d
here
with T
he S
ecre
tarial A
uditor
Report
does n
ot
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
13
14
AN
NE
XU
RE
TO
DIR
EC
TO
RS
’ R
EP
OR
T F
OR
TH
E Y
EA
R E
ND
ED
31ST
MAR
CH, 2
015:
AN
NE
XU
RE
I
A.
Co
nserv
ati
on
of
En
erg
y:
(a)
En
erg
y con
serv
ation
measu
res t
aken:
Hig
h E
ffic
iency
fans a
re b
ein
g i
nsta
lled t
o s
ave
energ
y.
To i
ncre
ase t
he M
ills e
ffic
iency
AIA
lin
ers
are
bein
g i
nsta
lled i
n a
ll th
e s
eve
n m
ills.
(b)
Ad
ditio
nal
inve
stm
en
ts a
nd p
rop
osals
, if a
ny,
bein
g i
mple
men
ted f
or
red
uction o
f consum
ption o
f
en
erg
y:
High E
fficien
cy se
parat
ors ar
e bein
g ins
talled
for b
etter
outpu
t and
energ
y sav
ing.
(c)Im
pact
of the
mea
sures
at (
a) an
d (b
) abo
ve fo
r red
uctio
n of
energ
y con
sump
tion
and
cons
eque
nt im
pact
on th
e cos
t of p
roduc
tion:
Savin
gs on
energ
y the
reby r
educ
ing th
e cos
t of p
roduc
tion.
(d)To
tal en
ergy c
onsu
mptio
n per
unit o
f prod
uctio
n:
Partic
ulars
given
in Fo
rm “A
” ann
exed
.
B)Te
chno
logy A
bsor
ption
:
Part
icula
rs g
iven i
n F
orm
“B
” annexe
d.
C)
Fo
reig
n E
xch
an
ge E
arn
ing
s a
nd
Ou
tgo
:
a)
Activitie
s r
ela
tin
g t
o e
xport
s,
initia
tive
s
taken t
o i
ncre
ase t
he e
xport
, d
eve
lop
ment
of
new
exp
ort
mark
et
for
pro
ducts
and s
erv
ices a
nd e
xport
pla
ns:
No e
xport
s w
ere
made d
uri
ng t
he y
ear
under
revi
ew
.
b)
Tota
l fo
reig
n e
xchange u
sed:
Nil
Tota
l F
ore
ign E
xchange e
arn
ed:
Nil
conta
in a
ny
qualif
ication,
reserv
ation o
r adve
rse
rem
ark
.
An
nu
al
Retu
rn i
n F
orm
MG
T-9
fo
rmat:
The d
eta
ils o
f A
nnual
Retu
rn i
n M
GT
-9 f
orm
at
isen
clo
sed
Su
bs
idia
rie
s,
Jo
int
Ve
ntu
res
an
d A
ss
oc
iate
Co
mp
an
ies:.
Th
e C
om
pan
y is
not
havin
g a
ny S
ub
sid
iari
es,
Join
t V
entu
res a
nd A
ssocia
ted C
om
pany.
Decla
rati
on
of
Ind
ep
en
den
t D
irecto
rs:
Th
e C
om
pa
ny h
as
re
ce
ive
d th
e n
ec
es
sa
rydecla
ration
fro
m e
ach I
ndepen
dent
Directo
rs i
naccord
ance w
ith S
ection 1
49(7
) of th
e C
om
panie
s
Act,
20
13
, th
at
he
/sh
e m
ee
ts t
he c
rite
ria
of
ind
epen
dence a
s l
aid
ou
t in
sub
-section
(6
) of
Section
14
9 o
f th
e C
om
pan
ies A
ct,
20
13
an
d
Cla
use 4
9 o
f th
e L
isting A
gre
em
ent.
Ev
alu
ati
on
:
Th
e B
oard
evalu
ate
d t
he
eff
ecti
ve
ne
ss o
f it
sfu
nc
tio
nin
g a
nd
th
at
of
the
Com
mit
tee
s an
d
ind
ivid
ual
Dir
ecto
rs b
y seekin
g t
heir
in
pu
ts o
nva
rious a
spects
of
Board
/Com
mitte
e G
ove
rnance.
Th
e a
sp
ects
covere
d i
n t
he e
valu
ation i
nclu
ded
the c
ontr
ibu
tion
to a
nd m
on
itori
ng o
f corp
ora
teg
ove
rnan
ce p
ractices,
part
icip
ation i
n t
he l
on
gte
rm s
trate
gic
pla
nn
ing
an
d t
he f
ulf
illm
en
t of
Directo
rs’ oblig
ation a
nd f
iducia
ry r
esponsib
ilities,
inclu
din
g b
ut
not
limited t
o,
active
part
icip
ation a
tth
e B
oard
an
d C
om
mitte
e M
eetin
gs.
Th
e C
hair
ma
n o
f th
e B
oa
rd h
as
on
e-o
n-o
ne
meetings w
ith t
he i
ndependent
directo
rs a
nd t
he
Ch
air
man o
f th
e N
om
ination
an
d R
em
un
era
tion
Com
mitte
e h
ad
on
e-o
n-o
ne m
eetin
gs w
ith
th
e
Exe
cutive a
nd
Non
-Execu
tive D
irecto
rs.
Th
ese
meetings w
ere
inte
nded to o
bta
in D
irecto
rs’ i
nputs
on e
ffective
ness o
f B
oard
/Com
mitte
e p
rocesses.
The B
oard
consid
ere
d a
nd d
iscussed t
he i
nputs
receiv
ed f
rom
the D
irecto
rs.
Fu
rth
er,
th
e i
nd
ep
en
de
nt
Dir
ec
tors
at
the
irm
eeti
ng
, re
vie
we
d t
he p
erf
orm
an
ce o
f B
oa
rd,
Ch
air
ma
n o
f th
e B
oa
rd a
nd
N
on
-Exe
cu
tive
Dir
ecto
rs.
Dis
clo
su
re a
s p
er
the S
exu
al
Hara
ssm
en
t o
f
Wo
men
at
wo
rkp
lace(P
rev
en
tio
n,
Pro
hib
itio
nan
d R
ed
ressal)
Act,
2013.
The C
om
pany
has z
ero
tole
rance t
ow
ard
s s
exu
al
hara
ssm
ent
at
the w
ork
pla
ce a
nd h
as a
dopte
d a
polic
y on
pre
vention,
pro
hib
itio
n a
nd
re
dre
ssal
of
sexual
hara
ssm
en
t at
work
pla
ce i
n l
ine w
ith
the p
rovis
ion
s o
f th
e S
exu
al
Hara
ssm
en
t o
f
Wom
en
at
Work
pla
ce (
Pre
ven
tion
, P
roh
ibitio
na
nd
R
ed
res
sa
l)
Ac
t,
20
13
a
nd
th
e
Ru
les
there
un
der.
Th
e C
om
pa
ny h
as n
o s
uc
h c
as
es o
f se
xu
al
hara
ssm
ent
at
work
pla
ce.
Vig
il M
ech
an
ism
:
The V
igil
Mechanis
m o
f th
e C
om
pany,
whic
h a
lso
incorp
ora
tes a
wh
istle b
low
er
polic
y in
term
s o
fth
e L
istin
g A
gre
em
ent,
inclu
des
an E
thic
s a
nd
Co
mp
lia
nc
e T
as
k F
orc
e c
om
pri
sin
g S
en
ior
Exe
cu
tive
s
of
the
C
om
pa
ny,
P
rote
cte
dd
isclo
su
res
can
be m
ad
e b
y a
wh
istle b
low
er
thro
ugh a
n e
or
a letter
to t
he T
ask F
orc
e o
r
to t
he C
hair
man
of
the A
ud
it C
om
mitte
e.
Th
eP
olicy
on
Vig
il M
ech
an
ism
an
d w
his
tle b
low
er
po
lic
y m
ay b
e a
cc
es
se
d o
n t
he
c
om
pa
ny’s
website
at
the lin
k http://w
ww
.panya
mcem
ents
.com
.
AC
KN
OW
LE
DG
EM
EN
TS
:
You
r D
irecto
rs a
re h
ap
py to
ackn
ow
led
ge
th
efinancia
l assis
tance g
iven t
o t
he C
om
pany
by
the
Ban
ks.
Your
Directo
rs a
lso e
xpre
ss t
heir
thanks
to t
he
vari
ou
s C
en
tral
an
d S
tate
G
ove
rnm
en
tD
ep
art
me
nts
a
nd
th
e s
hare
hold
ers
for
the
ir
support
and
help
ext
ended d
urin
g t
he y
ear.
By
Ord
er
of
the B
oard
of
Dir
ecto
rs
For
Panya
m C
em
ents
& M
inera
l In
dustr
ies L
td
S.
SR
EE
DH
AR
RE
DD
Y
Manag
ing D
irecto
r
Pla
ce:
Nan
dy
al
Dt:
- 12
th A
ug
ust,
2015
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
FO
RM
'A
'
FO
RM
FO
R D
ISC
LO
SU
RE
OF
PA
RT
ICU
LA
RS
WIT
H R
ES
PE
CT
TO
CO
NS
ER
VA
TIO
N O
F E
NE
RG
Y
Part
icula
rsU
nit
CE
ME
NT
DIV
ISIO
N
31
-03-2
015
31
-03-2
014
A.
Po
wer
an
d F
uel
Co
nsu
mp
tio
n:
1.
Ele
ctr
icit
y:
a)
Purc
hased
Units
000 K
WH
331
37
.63
200
44
Tota
l A
mou
nt
Rs.
Lakhs
229
7.9
120
11
.58
Ave
rage R
ate
Rs./K
WH
6.9
31
0.0
4
b)
Ow
n G
enera
tion
Units
000 K
WH
--
Units p
er
Litre
of
Die
sel
KW
H-
-
Cost
per
unit
Ru
pees
--
2C
ost
(Min
era
l C
oal
C -
E /
Im
port
ed G
rade)
Quan
tity
Tonn
es
599
26
274
28
Tota
l C
ost
Rs.L
akh
s2
33
0.6
14
13
0.5
6
Ave
rage R
ate
Rs.p
er
MT
388
9.1
54
33
2.8
9
3.
Furn
ace O
il
Quan
tity
Kilo
.Lts
--
Tota
l C
ost
Rs.lakh
s-
-
Ave
rage R
ate
Ru
pees
--
BC
onsum
ption p
er
unit o
f
Pro
du
ction
:
Ele
ctr
icity
KW
H/t
onn
es
13
51
40
of
cem
ent
Co
al
Kgs/t
on
nes
24
42
00
of
cem
ent
FO
RM
“B
”
A.
RE
SE
AR
CH
AN
D D
EV
EL
OP
ME
NT
(R
& D
)
1.
Specific
are
a i
n w
hic
h R
& D
is c
arr
ied o
ut
by
the C
om
pany:
The c
om
pany
has n
ot
carr
ied o
ut
R &
D i
n
any
specific
are
a.
2.
Ben
efi
ts d
eri
ved
as a
resu
lt o
f th
e a
bove
eff
ort
s
- N
ot
applic
able
-
3.
Futu
re c
ours
e o
f action:
The C
om
pany
has a
sys
tem
of
continuously
eva
luating v
arious p
roduction p
rocesses f
or
up-g
rad
ation
4.
Exp
enditure
on R
and D
:
No s
epara
te a
mount
is i
ncu
rred i
n r
espect
of
Researc
h a
nd D
eve
lopm
en
t.
B.
TE
CH
NO
LO
GY
AB
SO
RP
TIO
N,
AD
AP
TA
TIO
N A
ND
IN
NO
VA
TIO
N:
- N
ot
applic
able
-
AN
NE
XU
RE
- I
IA
mo
un
t in
Ru
pees
LE
SS
AD
DN
ET
A.
CA
SH
FL
OW
FR
OM
OP
ER
AT
ING
AC
TIV
ITIE
S :
NE
T P
RO
FIT
/ (
LO
SS
) B
EF
OR
E T
AX
-15
15
53
62
1A
DJU
ST
ME
NT
FO
R :
Depre
cia
tion
592
50
38
1D
ivid
end
Receiv
ed
830
0In
tere
st
receiv
ed/p
aid
511
78
77
811
34
88
27
9P
rofit
/ Loss o
n s
ale
of
Assets
/ I
nve
stm
ents
985
89
776
286
7P
rop
ert
y u
nd
er
develo
pm
ent
0
Opera
ting P
rofit
befo
re W
ork
ing C
apital
Changes
512
85
66
71
80
50
152
71
29
21
58
59
AD
JU
ST
ME
NT
FO
R :
-22
33
77
62
Tra
de a
nd o
ther
receiv
ab
les
594
835
3In
ven
tori
es
539
36
42
7T
rade p
aya
ble
s/W
ork
ing
Capital
323
75
258
1
Work
ing
Capital
Chang
es(U
se)
539
36
42
73
29
70
093
42
75
76
450
7
Cash g
en
era
ted f
rom
Op
era
tions
253
42
674
5
Less:
Inte
rest
paid
11
34
88
27
91
75
342
8
Direct Taxe
s p
aid
-
11
34
88
27
91
75
342
8-1
11
73
48
51
NE
T C
AS
H F
LO
W F
RO
M O
PE
RA
TIN
G A
CT
IVIT
IES
141
69
189
3E
xtra
Ord
inary
Exp
enses /
Incom
e0
BC
AS
H F
LO
W F
RO
M I
NV
ES
TIN
G A
CT
IVIT
IES
Purc
hase/S
ale
of
Assets
253
49
64
22
12
860
9P
urch
ase/
Sal
e of
inve
stm
ents
in p
rope
rty
unde
r dev
elop
men
t2
50
000
0In
tere
st
receiv
ed
494
25
35
0D
ivid
end
receiv
ed
830
0
253
49
64
25
40
62
25
92
87
12
61
7
NE
T C
AS
H F
LO
W U
SE
D I
N I
NV
ES
TIN
G A
CT
IVIT
IES
170
40
451
0
CC
AS
H F
LO
W F
RO
M F
INA
NC
ING
AC
TIV
ITIE
SS
hare
Capital
Repaym
en
t of/
Pro
ceeds f
rom
Loans &
Adva
nces
495
84
27
9S
ecure
d/U
nsecure
d b
orr
ow
ings (
Net)
11
66
49
81
3
NE
T C
AS
H F
LO
W F
RO
M F
INA
NC
ING
AC
TIV
ITIE
S1
66
23
409
20
-16
62
34
09
2
Net
Incre
ase/D
ecre
ase i
n c
ash a
nd c
ash e
quiv
ale
nts
417
041
8
Cash
an
d C
ash
eq
uiv
ale
nts
as o
n 0
1.0
4.2
014
238
19
37
3
Cash
an
d C
ash
eq
uiv
ale
nts
as o
n 3
1.0
3.2
015
279
89
79
1
CA
SH
FL
OW
ST
AT
EM
EN
T F
OR
TH
E Y
EA
R E
ND
ED
- 3
1.0
3.2
015
Pla
ce: N
andya
l
Date
: 30.0
5.2
015
B.
DA
IVA
DH
EE
NA
M R
ED
DY
Part
ner
M.N
O:0
26450
As P
er
our
Report
of eve
n d
ate
attached
Fo
r B
rah
mayya &
Co
.,
Chart
ere
d A
ccounta
nts
Fir
m's
Regn. N
o :000514S
15
16
V.
SU
RE
SH
KU
MA
R
Directo
r
S.
SR
EE
DH
AR
RE
DD
Y
Managin
g D
irecto
r
For
and o
n b
ehalf o
f th
e B
oard
M/s
. P
anya
m C
em
ents
& M
inera
l In
dustr
ies L
imited
S.
NA
GE
SW
AR
A R
ED
DY
Chie
f F
inancia
l Offic
er
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
SE
CR
ET
AR
IAL
AU
DIT
RE
PO
RT
To,
The M
em
bers
,
Pan
yam
Cem
en
ts a
nd
Min
era
l In
du
str
ties L
imit
ed
Nandya
l, K
urn
ool D
istr
ict.
We h
ave
conducte
d the s
ecre
tari
al audit o
f th
e c
om
pliance o
f applicable
sta
tuto
ry p
rovi
sio
ns a
nd the a
dhere
nce to g
ood
corp
ora
te p
ractices b
y P
an
yam
Cem
en
ts a
nd
Min
era
l In
du
str
ies L
imit
ed
(here
inafter re
ferr
ed a
s “th
e c
om
pany”
). S
ecre
tarial
Audit w
as c
onducte
d i
n a
manner
that
pro
vided u
s a
reasonable
basis
for
eva
luating t
he c
orp
ora
te c
onducts
/sta
tuto
ry
com
pliances a
nd e
xpre
ssin
g o
ur opin
ion there
on.
The C
om
plia
nce o
f th
e p
rovis
ions o
f C
orp
ora
te a
nd o
ther applic
able
law
s, ru
les, re
gula
tions, sta
ndard
s is
the r
esponsib
ility
of th
e
managem
ent.
The S
ecre
tarial A
udit r
eport
is n
either
an a
ssura
nce a
s to t
he futu
re v
iabili
ty o
f th
e C
om
pany n
or
of th
e e
ffic
acy o
r
eff
ectiveness w
ith w
hic
h t
he m
anagem
ent
has c
onducte
d t
he a
ffairs o
f th
e C
om
pany.
Main
tenance o
f S
ecre
tarial re
cord
is t
he
responsib
ility
of t
he m
anagem
ent o
f th
e C
om
pany.
Our re
sponsib
ility
is to e
xpre
ss a
n o
pin
ion o
n th
ese s
ecre
tarial r
ecord
s b
ased o
n
our audit.
We h
ave fo
llow
ed th
e a
udit
pra
ctic
es
and p
roce
ss a
s w
ere
appro
priate
to o
bta
in reasonable
ass
ura
nce a
bout t
he c
orr
ectn
ess
of t
he c
onte
nts
of S
ecre
tarial r
ecord
s. W
here
ver re
quired, w
e h
ave o
bta
ined th
e M
anagem
ent re
pre
senta
tion a
bout t
he C
om
plia
nce
of la
ws, ru
les a
nd r
egula
tions a
nd h
appenin
g o
f events
etc
.
Based o
n o
ur ve
rification o
f the c
om
pany’
s b
ooks
, papers
, min
ute
books
, form
s a
nd retu
rns fi
led a
nd o
ther re
cord
s m
ain
tain
ed
by
the c
om
pany
and a
lso t
he i
nfo
rmation p
rovi
ded b
y th
e C
om
pany,
its
offic
ers
, agents
and a
uth
ori
zed r
epre
senta
tive
s
duri
ng t
he c
onduct
of
secre
tari
al audit,
we h
ere
by
report
that in
our
opin
ion,
the c
om
pany
has,
during t
he f
inancia
l ye
ar
ended o
n 3
1.0
3.2
015 c
om
plied w
ith the s
tatu
tory
pro
visio
ns li
ste
d h
ere
under and a
lso that th
e C
om
pany
has p
roper B
oard
-
pro
cesses a
nd c
om
plia
nce-m
echanis
m in
pla
ce to the e
xtent, in
the m
anner and s
ubje
ct to
the report
ing m
ade h
ere
inafter:
We h
ave
exa
min
ed the b
ooks, papers
, m
inute
books, f
orm
s a
nd retu
rns filed a
nd o
ther re
cord
s m
ain
tain
ed b
y th
e C
om
pany
for
the fin
ancia
l ye
ar
ended o
n 3
1.0
3.2
015, accord
ing to the p
rovi
sio
ns o
f:
i.T
he C
om
panie
s A
ct, 2
013 (
the A
ct)
and the r
ule
s m
ade there
under;
ii.T
he S
ecuri
ties C
ontr
acts
(R
egula
tion) A
ct, 1
956 (‘S
CR
A’) a
nd the r
ule
s m
ade there
under;
iii.
The D
epositori
es A
ct, 1
996 a
nd the R
egula
tions a
nd B
yela
ws fra
med there
under;
iv.
Fore
ign E
xchange M
anagem
ent A
ct, 1
999 a
nd the r
ule
s a
nd r
egula
tions m
ade there
under
to the e
xtent of F
ore
ign
Dir
ect
Inve
stm
ent
only
. T
he C
om
pany
has n
ot
made a
ny
Ove
rseas D
irect
Inve
stm
ent
and n
ot
ava
iled E
xtern
al
Com
merc
ial B
orr
ow
ings.
v.T
he follow
ing R
egula
tions a
nd G
uid
elines p
rescri
bed u
nder
the S
ecuri
ties a
nd E
xchange B
oard
of In
dia
Act, 1
992
(‘S
EB
I A
ct’):
-
a)
The S
ecuritie
s a
nd E
xch
ange B
oard
of I
ndia
(S
ubsta
ntia
l Acquis
ition o
f Share
s and T
akeovers
) R
egula
tions, 2
011
;
b)
The S
ecuri
ties a
nd E
xchange B
oard
of In
dia
(P
rohib
itio
n o
f In
sid
er T
radin
g)
Regula
tions,1
992;
c)
The S
ecurities a
nd E
xchange B
oard
of I
ndia
(Is
sue o
f Capita
l and D
iscl
osure
Requirem
ents
) R
egula
tions, 2
009;
d)
The S
ecuri
ties a
nd E
xchange B
oard
of In
dia
(E
mplo
yee S
tock O
ption S
chem
e a
nd E
mplo
yee S
tock P
urc
hase
Schem
e) G
uid
elines, 1999 a
nd T
he S
ecuri
ties a
nd E
xchange B
oard
of I
ndia
(S
hare
Based E
mplo
yee B
enefit
s)
Regula
tions, 2014 w
.e.f. O
cto
ber
28, 2014;
e)
The S
ecu
ritie
s and E
xchange B
oard
of I
ndia
(Is
sue a
nd L
isting o
f Debt S
ecuritie
s) R
egula
tions,
2008;
f)T
he S
ecurities a
nd E
xchange B
oard
of I
ndia
(R
egis
trars
to a
n Is
sue a
nd S
hare
Tra
nsfe
r Agents
) R
egula
tions,1
993
regard
ing the C
om
panie
s A
ct and d
ealing w
ith c
lient;
g)
The S
ecurities a
nd E
xchange
Board
of In
dia
(D
elis
ting o
f E
quity S
hare
s)
Regula
tions, 20
09 (N
ot A
pp
licab
le a
s th
e
Co
mpan
y h
as n
ot d
eliste
d it
s e
qu
ity s
hare
s fro
m a
ny S
tock e
xch
an
ge d
uri
ng
th
e A
ud
it P
eri
od
); a
nd
h)
The
Secu
ritie
s a
nd E
xcha
nge
Boa
rd o
f In
dia
(B
uyb
ack o
f S
ecuri
ties)
Reg
ula
tion
s,1
99
8 (
No
t A
pp
lica
ble
as t
he C
om
pa
ny h
as n
ot
bo
ug
ht
ba
ck
an
y o
f it
s s
ecu
riti
es d
uri
ng
th
e A
ud
it P
eri
od
);
(vi)
Oth
er
law
s a
pplicable
to the C
om
pany
as p
er
the r
epre
senta
tion m
ade b
y th
e M
anagem
ent. (
Refe
r A
nnexu
re -
1)
We h
ave
als
o e
xam
ined c
om
pliance w
ith th
e a
pplic
able
cla
uses o
f th
e L
isting A
gre
em
ent re
late
d to
Debt I
nstr
um
ents
ente
red into
by
the C
om
pany
with B
SE
Lim
ited.
We h
ave
no
t exam
ined
com
pliance b
y th
e C
om
pany
with:
a)
the S
ecre
tari
al
Sta
ndard
s issued b
y th
e Institu
te o
f C
om
pany
Secre
tari
es o
f In
dia
(N
ot
no
tifi
ed
hen
ce n
ot
ap
plicab
le to
th
e C
om
pan
y d
uri
ng
th
e a
ud
it p
eri
od
).
b)
applicable
fin
ancia
l la
ws,
like d
irect
and i
ndir
ect
tax
law
s,
sin
ce t
he s
am
e h
ave
been s
ubje
ct
to r
evi
ew
by
sta
tuto
ry fin
ancia
l audit a
nd o
ther desig
nate
d p
rofe
ssio
nals
.
Duri
ng t
he p
eri
od u
nder
revi
ew
and a
s p
er
the e
xpla
nations a
nd c
lari
fications g
iven t
o u
s a
nd t
heir
pre
senta
tions
made b
y th
e M
anagem
ent, the C
om
pany
has g
enera
lly
com
plied w
ith the p
rovi
sio
ns o
f th
e A
ct, R
ule
s, R
egula
tions,
Guid
elines, etc
. m
entioned a
bove
exc
ept th
e follow
ing:
a)
As
required u
nder S
ectio
n.2
03(1
)(ii)
of t
he C
om
panie
s A
ct, 2
013, t
he c
om
pany d
oesn
’t have a
Com
pany S
ecre
tary
;
b)
The C
om
pany
has a
ccepte
d u
nsecure
d l
oans,
from
entities i
n w
hic
h t
he p
rom
ote
rs a
re i
nte
reste
d,
not
in
accord
ance w
ith the p
rovi
sio
ns o
f th
e A
ct;
We furt
her re
port
that:
a)
The B
oard
of
Dir
ecto
rs o
f th
e C
om
pany
is d
uly
constitu
ted w
ith p
roper
bala
nce o
f E
xecutive
Dir
ecto
rs,
Non
Exe
cutive
Dir
ecto
rs a
nd In
dependent D
irecto
rs. T
he c
hanges in
the c
om
positio
n o
f th
e B
oard
of D
irecto
rs that
took p
lace d
uri
ng the p
eri
od u
nder
revi
ew
were
carr
ied o
ut in
com
pliance w
ith the p
rovi
sio
ns o
f th
e A
ct.
b)
Adequate
notice is
giv
en to a
ll d
irecto
rs to s
chedule
the B
oard
Meetings, agenda a
nd d
eta
iled n
ote
s o
n a
genda
were
sent at le
ast seve
n d
ays
in a
dva
nce, a
nd a
sys
tem
exi
sts
for seekin
g a
nd o
bta
inin
g fu
rther in
form
ation a
nd
cla
rifications o
n the a
genda it
em
s b
efo
re the m
eeting a
nd for
meanin
gfu
l part
icip
ation a
t th
e m
eeting.
c)
As p
er th
e m
inute
s o
f th
e m
eetings d
uly
record
ed a
nd s
igned b
y th
e C
hair
man, th
e d
ecis
ions o
f th
e B
oard
were
unanim
ous a
nd n
o d
issenting v
iew
s h
ave
been r
ecord
ed.
We furt
her
report
that th
ere
are
adequate
sys
tem
s a
nd p
rocesses in the c
om
pany
com
mensura
te w
ith the s
ize a
nd
opera
tions o
f th
e c
om
pany
to m
onitor and e
nsure
com
plia
nce w
ith a
pplic
able
law
s, ru
les, re
gula
tions a
nd g
uid
elin
es.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
17
18
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
For
GM
VD
R &
Asso
cia
tes
Com
pany
Secre
tari
es
(G.M
oh
an
)
Pro
pri
eto
r
A
CS
# 1
6886 C
.P #
5250
Pla
ce: H
ydera
bad
Date
: 12.0
8.2
015
AN
NE
XU
RE
- 1
Lis
t o
f ap
plicab
le law
s t
o o
ur
co
mp
an
y:
The F
acto
ries A
ct, 1
948
The P
aym
ent of W
ages A
ct, 1
936
The M
inim
um
Wages A
ct, 1
948
Em
plo
yees P
rovi
dent F
und A
nd M
isc. P
rovi
sio
ns A
ct, 1
952
Em
plo
yers
Sta
te Insura
nce A
ct,1948
The P
aym
ent of B
onus A
ct, 1
965
The E
nvi
ronm
ent (P
rote
ction) A
ct, 1
986
Ele
ctr
icity
Act 2003
India
n S
tam
p A
ct,1999
Incom
e T
ax
Act 1961
Centr
al E
xcis
e A
ct
Custo
ms A
ct
Negotiable
Instr
um
ent A
ct 1881
Paym
ent of G
ratu
ity
Act,1972
The A
ppre
ntices A
ct 1961
Serv
ice tax
VA
T A
ct
Wate
r (P
reve
ntion &
Contr
ol of P
ollution) A
ct 1974 a
nd r
ule
s there
under
Air
(P
reve
ntion &
Contr
ol of P
ollution) A
ct 1981 a
nd r
ule
s there
under
Min
es A
ct
Industr
ies (
Deve
lopm
ent and R
egula
tion) A
ct, 1
951
Envi
ronm
ent P
rote
ction A
ct, 1
986
The C
ontr
act Labour
(Regula
tion a
nd A
bolition) A
ct, 1
970
The S
exu
al H
ara
ssm
ent of W
om
en a
t w
ork
pla
ce (
Pre
vention, P
rohib
itio
n a
nd R
edre
ssal)
Act, 2
013
FO
RM
No
. M
GT. 9
EX
TR
AC
T O
F A
NN
UA
L R
ET
UR
N
as o
n t
he f
inan
cia
l ye
ar
en
ded
on
31
.03
.20
15
[Pu
rsu
an
t to
sectio
n 9
2(3
) o
f th
e C
om
pan
ies A
ct, 2
01
3 a
nd
ru
le 1
2(1
) o
f th
e C
om
pan
ies
(Man
ag
em
en
t an
d A
dm
inis
tratio
n)
Ru
les,
20
14
]
I. R
EG
IST
RA
TIO
N A
ND
OT
HE
R D
ET
AIL
S:
CIN
L26
94
0A
P1
95
5P
LC
000
54
6
Regis
tration D
ate
23.0
6.1
95
5
Nam
e o
f th
e C
om
pany
Panya
m
Cem
ents
& M
inera
l In
dustr
ies L
td
Cate
gory
/ S
ub-C
ate
gory
of
the C
om
pany
Public
Com
pany
/ Lim
ited b
y S
hare
s
Addre
ss o
f th
e R
egis
tere
d o
ffic
e a
nd
C1
, In
dustr
ial
Esta
te,
Bom
mala
satr
am
,
conta
ct
deta
ilsN
andya
l -
518502,
(A.P
)
Tele
: 0
85
14-2
22274
Em
ail:
reg
off
ice@
pan
yam
cem
ents
.com
Wheth
er
liste
d c
om
pany
Yes /
No
Ye
s
Nam
e,
Addre
ss a
nd C
onta
ct
deta
ils o
fM
/s X
L S
oft
ech S
yste
ms L
td
Regis
trar
and T
ransfe
r A
gent, i
f any
3,
Sagar
Socie
ty,
Road N
o -
2
Banja
ra H
ills,
Hyd
era
bad -
500 0
34,
(TS
)
Tele
: 04
0-2
354591
3/1
4/1
5,
Fax:
040-2
3553
214
Em
ail:
xlfie
ld@
rediffm
ail.
com
II.
PR
INC
IPA
L B
US
INE
SS
AC
TIV
ITIE
S O
F T
HE
CO
MP
AN
Y
All
the b
usi
ne
ss a
ctiv
ities
contr
ibutin
g 1
0 %
or
mo
re o
f th
e t
ota
l tu
rnover
of
the c
om
pan
y sh
all
be
sta
ted:-
S.N
o.
Nam
e a
nd D
escri
ption o
f m
ain
Pro
du
cts
/serv
ice
NIC
Code o
f th
e
Pro
duct
/ S
erv
ice
% t
o t
ota
l tu
rnove
r
of
the c
om
pany
1.
Ord
inary
Port
land C
em
ent,
Port
land P
ozzola
na
23941
100%
Cem
ent
and
Port
land S
lag C
em
ent
III.
PA
RT
ICU
LA
RS
OF
HO
LD
ING
, S
UB
SID
IAR
Y A
ND
AS
SO
CIA
TE
CO
MP
AN
IES
All
the b
usi
ne
ss a
ctiv
ities
contr
ibutin
g 1
0 %
or
mo
re o
f th
e t
ota
l tu
rnover
of
the c
om
pan
y sh
all
be
sta
ted:-
S.N
o.
Nam
e a
nd A
ddre
ss o
f th
e C
om
pany
CIN
/ G
INA
pplicab
le
Section
1.
No S
ubsid
iary
an
d A
ssocia
te C
om
pan
ies
Hold
ing/S
ubsid
ary
/
Asso
ciate
% o
f S
hare
s
Held
IV.
SH
AR
E H
OL
DIN
G P
AT
TE
RN
(E
qu
ity
Sh
are
Cap
ital
Bre
aku
p a
s p
erc
en
tag
e o
f T
ota
l E
qu
ity
)
i)C
ate
gory
-wis
e S
hare
Hold
ing
Cate
gory
of
Sh
are
hold
ers
No.
of
Share
s h
eld
at
the
begin
nin
g o
f th
e y
ear
No.
of
Share
s h
eld
at
the
end o
f th
e y
ear
Changes d
uri
ng
the y
ear
De
ma
tP
hysic
al
Tota
l%
of
Tota
l
Sh
are
s
De
ma
tP
hysic
al
Tota
l%
of
Tota
l
Sh
are
s
No
. o
f
Sh
are
s
% C
ha
ng
e
du
rin
g t
he
ye
ar
A. Prom
oters
(1) Ind
ian83
0424
850
083
0474
851
.85
8330
795
500
8331
295
52.0
126
547
0.16
g) I
ndiv
idua
l / H
UF
h) C
entr
al G
ovt
i) S
tate
Gov
t (s
)
j) B
odie
s C
orp.
k) B
anks
/FI
l) A
ny O
ther
..
Sub-tot
al (A) (
1):-830
4248
500830
4748
51.85
833079
5500
833129
552.
01265
470.1
6(2)
Foreig
na)
NR
Is -
Ind
ivid
uals
b) O
ther
- I
ndiv
idua
ls
c) B
odie
s C
orp.
d) B
anks
/ F
I
e) A
ny O
ther
....
Sub-tot
al (A) (
2):-830
4248
500830
4748
51.85
833079
5500
833129
552.
01265
470.1
6Tot
al shar
eholdin
g of
Promo
ter (A)
=(A)(1)
+(A)( 2
)B. P
ublic S
hareho
lding
1. I
nstit
utio
ns
a) M
utua
l Fun
ds57
860
140
059
260
0.37
5786
01
400
5926
00.
370
0
b) B
anks
/FI
50
05
00.
005
00
50
0.00
00
c) C
entr
al G
ovt
d) S
tate
Gov
t(s)
e) V
entu
re C
apita
l Fun
ds
f) I
nsur
ance
Com
pani
es
g) F
IIs
2888
357
028
8835
718
.03
288
357
028
8835
718
.03
00
h) F
orei
gn V
entu
re
Cap
ital
Fun
ds
i) O
ther
s (s
peci
fy)
Sub-tot
al (B)(
1):-294
6267
1400
294766
718.
40294
6267
1400
294766
718.
400
02.
Non
-Ins
titu
tions
i) O
ther
s (s
peci
fy)
Sub-tot
al (B)(
1):-2.
Non
-Ins
titu
tions
a) B
odie
s C
orp.
121
780
8183
02
0361
01.
271
2156
281
830
203
392
1.27
218
0
i) In
dian
ii) O
vers
eas
b) I
ndiv
idua
ls
i) In
divi
dual
sha
reho
lder
s6
3771
06
1476
012
5247
07.
826
4882
76
0454
012
5336
77.
8289
70
hold
ing
nom
inal
sha
re
capi
tal u
pto
Rs.
1 la
kh
ii) I
ndiv
idua
l sh
areh
olde
rs29
8628
62
3085
032
1713
620
.08
2956
162
230
850
3187
012
19.9
030
124
0.19
hold
ing
nom
inal
sha
re
capi
tal i
n ex
cess
of
Rs
1 la
kh
c) O
ther
s (s
peci
fy)
9159
631
091
906
0.57
9244
331
092
753
0.58
847
0
Bod
ies
(Cle
arin
gmem
)60
20
602
0.00
265
30
265
30.
022
051
0.01
Sub-tot
al (B)(
2):-383
79974
927750
476572
429.
75382
1647
917530
473917
729.
59265
470.1
6To
tal
Pub
lic S
hare
hold
ing
(B)=
(B)(
1) +
(B
)(2)
6784
241
929
150
7713
391
48.1
567
6791
49
1893
076
8684
447
.99
2654
70.
16
C.
Sha
res
held
by
Cus
todi
an0
00
00
00
00
0
for
GD
Rs
& A
DR
s
GRAN
D TOTA
L (A+B+
C)150
88489
929650
160181
39100
150987
09919
430160
18139
1000
0
19
20
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
ii)
Sh
are
Ho
ldin
g o
f P
rom
oto
rs
Sl.
No.
Share
hold
er's N
am
eS
hare
hold
ers
' at
the E
nd o
f th
e y
ear
Share
hold
ers
' at
the B
egin
nin
g
of
the y
ear
No
. o
f
Sh
are
s
% o
f To
tal
Sh
are
s
of
the
Com
pan
y
% o
f S
ha
res
Ple
dg
ed
Encum
be
d
to t
ota
l
Sh
are
s
No
. o
f
Sh
are
s
% o
f To
tal
Sh
are
s
of
the
Com
pan
y
% o
f S
ha
res
Ple
dg
ed
Encum
be
d
to t
ota
l
Sh
are
s
% c
ha
ng
e in
sh
are
ho
ldin
g
du
rin
g t
he
ye
ar
1S
.P.Y
. Red
dy16
8140
410
.50
100
1681
404
10.5
010
00
2S
. S
reed
har
Red
dy17
1787
610
.72
99.9
017
4442
310
.89
98.3
80.
16
3V
. S
ures
h K
umar
1843
752
11.5
110
018
4375
211
.51
100
0
4S
. S
ujal
a11
0627
46.
9110
011
0627
46.
9110
00
5V
. Ara
vind
a R
ani
1033
081
6.45
100
1033
081
6.45
100
0
6S
.Par
vath
i9
2186
15.
7610
09
2186
15.
7610
0
7F
ranc
is R
eddy
500
0.00
050
00.
000
TOTAL
830474
851.
8599.
97833
1295
52.01
99.65
(iii
)C
han
ge i
n P
rom
ote
rs'
Sh
are
ho
ldin
g (
ple
ase s
pecif
y,
if t
here
is n
o c
han
ge
Sl.
No.
Cum
mu
lative S
hare
hold
ing
duri
ng t
he y
ear
Share
hold
er's a
t th
e B
egin
nin
g
of
the y
ear
No
. o
f
Sh
are
s
% o
f To
tal S
ha
res
of th
e C
om
pa
ny
No
. o
f
Sh
are
s
% o
f To
tal S
ha
res
of th
e C
om
pa
ny
1S
.Sre
edh
ar
Red
dy
171
787
61
0.7
21
74
442
31
0.8
9
(iv
)S
hare
ho
ldin
g P
att
ern
of
top
ten
Sh
are
ho
lders
(o
ther
than
Dir
ecto
rs,
Pro
mo
ters
an
d H
old
ers
of
GD
Rs a
nd
AD
Rs):
Sl.
No.
Cum
mu
lative S
hare
hold
ing
duri
ng t
he y
ear
Share
hold
er's a
t th
e B
egin
nin
g
of
the y
ear
No
. o
f
Sh
are
s
% o
f To
tal S
ha
res
of th
e C
om
pa
ny
No
. o
f
Sh
are
s
% o
f To
tal S
ha
res
of th
e C
om
pa
ny
1C
opth
all M
aurit
ius
Inve
stm
ent L
td13
8070
08.
6213
8070
08.
62
2D
euts
che
Sec
uriti
es M
aurit
ius
Ltd
920
784
5.75
920
784
5.75
3E
ight
Cap
ital I
ndia
(M
) Lt
d6
8675
14.
296
8675
14.
29
4C
LSA
(M
aurit
ius
) Lt
d6
8082
24.
256
8082
24.
25
5D
uets
che
Sec
uriti
es M
aurit
ius
Ltd
600
000
3.75
600
000
3.75
6V
elam
ati R
amna
th5
6855
03.
555
6855
03.
55
7K
ali P
rasa
d S
unka
ra4
3740
02.
734
3740
02.
73
8R
amak
rishn
a P
rasa
d S
unka
ra1
6613
51.
041
6613
51.
04
9S
aies
war
i V94
350
0.59
9435
00.
59
10
L R
ama
Dev
i73
300
0.46
7330
00.
46
Share
hold
er's N
am
e
(v)
Sh
are
ho
ldin
g o
f D
irecto
rs a
nd
Key
Man
ag
eri
al
Pers
on
nel:
Sl.
No.
1S
.Sre
edha
r R
eddy
1717
876
10.7
226
547
Pur
chas
e17
4442
310
.89
2V
.Sur
esh
Kum
ar18
4375
211
.51
No
Cha
nge
1843
752
11.5
1
3V
.Ara
vind
a R
ani
1033
081
6.45
No
Cha
nge
1033
081
6.45
4V
.Ram
nath
568
550
3.55
No
Cha
nge
568
550
3.55
5D
r. R
.K P
rasa
d S
unka
ra1
6613
51.
04N
o C
hang
e1
6613
51.
04
At
the
end
of t
he Y
ear
5329
394
33.2
726
547
5355
941
33.4
4
For
each o
f th
e
Directo
rs a
nd K
MP
Date
wis
e
Incre
ase/
Decre
ase i
n
Sh
are
hold
ing
durin
g t
he
Sh
are
hold
er's a
t th
e
Begin
nin
g o
f th
e y
ear
No
. o
f
Sh
are
s
% o
f To
tal
Sh
are
s o
f th
e
Com
pan
y
Reason
Cu
mm
ula
tive
Sh
are
hold
ing
duri
ng t
he y
ear
No
. o
f
Sh
are
s
% o
f To
tal
Sh
are
s o
f th
e
Com
pan
y
(v)
IND
EB
TE
DN
ES
S
Indebte
dn
ess o
f th
e C
om
pany I
nclu
din
g i
nte
rest
outs
tandin
g/a
ccru
ed b
ut
not
due f
or
paym
ent
Un
secu
red
Loan
s
Secure
d L
oans
exc
ludin
g
dep
osits
Dep
osits
Tota
l
Ind
eb
ted
ness
Inde
bted
ness
at
the
begi
nnin
g of
the
finan
cial
yea
r
i) P
rinci
pal A
mou
nt28
23.2
740
75.4
30
6898
.70
ii) I
nter
est
due
but
not
paid
91.1
60
091
.16
iii)
Inte
rest
acc
rued
but
not
due
796.
700
079
6.70
Total (
i+ii+iii
)371
1.13
4075.4
30
7786.5
6C
hang
e in
Ind
ebte
dnes
s du
ring
the
finan
cial
yea
r
Add
itio
n•0
00
0
Red
uctio
n76
7.42
1032
.12
017
99.5
4
Net Ch
ange
767.42
1032.1
20
1799.5
4In
debt
edne
ss a
t th
e en
d of
the
finan
cial
yea
r
i) P
rinci
pal A
mou
nt20
55.8
530
43.3
10
5099
.16
ii) I
nter
est
due
but
not
paid
23.4
60
23.4
6
iii)
Inte
rest
acc
rued
but
not
due
759.
300
075
9.30
Total (
i+ii+iii
)283
8.61
3043.3
10
5881.9
2
21
22
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
VI.
RE
MU
NE
RA
TIO
N O
F D
IRE
CT
OR
S A
ND
KE
Y M
AN
AG
ER
IAL
PE
RS
ON
NE
L
A.
Rem
unera
tion
to M
anagin
g D
irecto
r, W
hole
-tim
e D
irecto
rs a
nd
/or
Manag
er:
Sl.
No.
Part
icula
rs o
f R
em
unera
tion
Tota
l A
mou
nt
Nam
e o
f M
D
S.S
reed
har
Red
dy
1.G
ross
sal
ary
Rs.
18,
00,0
00R
s. 1
8,00
,000
(a)
Sal
ary
as p
er p
rovi
sion
s co
ntai
ned
in
sect
ion
17(1
) of
the
Inc
ome-
tax
Act
, 19
61
(b)
Val
ue o
f pe
rqui
site
s u/
s 17
Inc
ome-
tax
Act
, 19
61
(c)
Pro
fits
in li
eu o
f sa
lary
und
er s
ectio
n 17
(Inc
ome-
tax
Act
, 196
1
2.S
tock
Opt
ion
NIL
N
IL
3.S
wea
t E
quity
NIL
N
IL
4.C
omm
issi
on :
- as
% o
f pr
ofit
NIL
N
IL
- oth
ers,
spe
cify
...
5.O
ther
s, p
leas
e sp
ecify
Tota
l (A
)R
s. 1
8,00
,000
Rs.
18,
00,0
00
Cei
ling
as p
er t
he A
ct
B.
Rem
un
era
tio
n t
o o
ther
dir
ecto
rs:
Sl.
No.
Part
icula
rs o
f R
em
unera
tion
Tota
l A
mou
nt
Nam
e o
f D
irecto
r
3.In
depe
nden
t D
irect
ors
• F
ee f
or a
tten
ding
boa
rd c
omm
ittee
mee
tings
• C
omm
issi
on
• O
ther
s, p
leas
e sp
ecify
Tota
l (1)
4.O
ther
Non
-Exe
cutiv
e D
irect
ors
• F
ee f
or a
tten
ding
boa
rd c
omm
ittee
mee
tings
• C
omm
issi
on
• O
ther
s, p
leas
e sp
ecify
Tota
l (2)
Tota
l (B
) =
(1
+ 2
)
Tota
l M
anag
eria
l R
emun
erat
ion
Ove
rall
Cei
ling
as p
er t
he A
ct
C.
Rem
un
era
tio
n t
o K
ey
Man
ag
eri
al
Pers
on
nel
Oth
er
than
MD
/Man
ag
er/
Wtd
Sl.
No.
Part
icula
rs o
f R
em
unera
tion
Key
Manageri
al
Pers
onn
el
1.G
ross
sal
ary
Rs. 10
,80,00
0Rs.
10,80
,000
(a)
Sal
ary
as p
er p
rovi
sion
s co
ntai
ned
in
sect
ion
17(1
) of
the
Inc
ome-
tax
Act
, 19
61
(b)
Val
ue o
f pe
rqui
site
s u/
s 17
(2)
Inco
me-
tax
Act
, 19
61
(c)
Pro
fits
in li
eu o
f sa
lary
und
er s
ectio
n 17
(3)
Inco
me-
tax
Act
, 19
61
2.S
tock
Opt
ion
3.S
wea
t E
quity
4.C
omm
issi
on
- a
s %
of
prof
it
- o
ther
s, s
peci
fy..
.
5.O
ther
s, p
leas
e sp
ecify
Total
Rs. 1
0,80,0
00Rs.
10,80
,000
Tota
lS
. N
agesw
ara
Reddy
CF
O
VII
.P
EN
ALT
IES
/PU
NIS
HM
EN
T/C
OM
PO
UN
DIN
G O
F O
FF
EN
CE
S:
Typ
e
Section o
f
the
Com
pan
ies
Act
Bri
ef
Descri
ption
Deta
ils o
f P
enalty/
Pun
ish
ment/
Com
poun
din
g f
ees
imp
osed
Auth
ori
ty
[RD
/NC
LT
/CO
UR
T]
App
eal
made,
if a
ny
(giv
e
Deta
ils)
A.
CO
MP
AN
Y
Pen
alty
Pun
ish
men
t
Com
pou
ndin
g
B.
DIR
EC
TO
RS
Pen
alty
Pun
ish
men
t
Com
pou
ndin
g
C.
OT
HE
R O
FF
ICE
RS
IN
DE
FA
ULT
Pen
alty
Pun
ish
men
t
Com
pou
ndin
g
NIL
NIL
NIL
23
24
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
25
26
CO
RP
OR
AT
E G
OV
ER
NA
NC
E R
EP
OR
T :
1.
Co
mp
an
y’s
Ph
ilo
so
ph
y o
n C
od
e o
f G
overn
an
ce:
The C
ompa
ny be
lieve
s in a
dopti
ng an
d adh
ering
to th
e bes
t corp
orate
practi
ce an
d con
tinuo
usly
evalu
ate it
again
st ea
ch of
such
prac
tices
. The
comp
any u
nders
tands
and
respe
cts its
fiduc
iary
role a
nd re
spon
sibilit
y to a
ll stak
ehold
ers an
d striv
es ha
rd to
meet
their e
xpec
tation
s. We
belie
vetha
t the
corpo
rate g
overn
ance
is an
impo
rtant
tool fo
r sha
rehold
ers p
rotec
tion
and
maxim
izing
their l
ong-t
erm va
lues.
Pan
yam
Ceme
nts &
Mine
ral In
dustr
ies Li
mited
func
tions
keep
ing in
tune
with
this p
hilos
ophy
.Th
e fun
dame
ntal o
bjecti
ve of
comp
any’s
Corp
orate
Gove
rnanc
e is t
o ado
pt a m
ethod
ology
, whic
hen
hanc
es e
ffecti
vene
ss, b
etter
utiliz
ation
of r
esou
rces,
trans
paren
cy an
d ha
rmon
ious r
elatio
nsbe
twee
n vari
ous in
teres
t grou
ps. T
he co
mpan
y has
been
regu
lar in
send
ing its
quart
erly c
ompli
ance
report
on C
orpora
te Go
verna
nce t
o Stoc
k Exc
hang
e.B
oard
of
Dir
ecto
rs:
The C
om
panie
s A
ct,
1956 a
nd/o
r C
om
panie
s A
ct,
2013, to
the e
xtent applic
able
, and the L
isting A
gre
em
ent
with S
tock E
xchange g
overn
the c
om
positio
n o
f th
e B
oard
of
Directo
rs o
f th
e C
om
pany.
The B
oard
comp
rises
of M
anag
ing D
irecto
r and
five o
ther D
irecto
rs. Am
ongs
t them
, Man
aging
Dire
ctor i
s only
the E
xecu
tive D
irecto
r and
all o
thers
are N
on-E
xecu
tive D
irecto
rs.T
he B
oard
functions e
ither
as a
full
Board
or
thro
ugh C
om
mitte
es.
The B
oard
and C
om
mitte
es m
eet
at
regula
r in
terv
als
. P
olic
y f
orm
ula
tion,
evalu
ation o
f perf
orm
ance a
nd c
ontr
ol
functions v
est
with t
he B
oard
,
while
the C
om
mitte
es o
vers
ee t
he s
hare
tra
nsfe
rs a
nd a
udit f
unctions.
Th
e B
oard
h
as c
on
stitu
ted
fo
ur
com
mit
tees viz
. th
e A
ud
it C
om
mit
tee,
Sh
are
Tra
nsfe
r C
om
mitte
e,
Share
hold
ers
’/In
vesto
rs’
Grievance C
om
mitte
e a
nd R
em
unera
tion C
om
mitte
e.
During the y
ear 2014-1
5, th
e c
om
pany c
onve
ned e
ight B
oard
Meetings o
n 1
5th A
pril, 2
014;1
4th M
ay,
2014;3
0th
May,
2014;
13
th A
ugust,
2014;
11
th N
ovem
ber, 2
014;
31
st
Decem
ber, 2
014;
13
th F
ebru
ary
, 2015 a
nd 3
0th
Marc
h, 2015.
Sl.
No
.N
ame
of t
he D
irect
orC
atag
ory
of
Dire
ctor
ship
No.
of
Boa
rd M
eetin
gs
Atte
nded
Atte
ndan
ce
at la
st
AG
M h
eld
on 2
7-09
-201
4
No.
of o
ther
Dire
ctor
ship
s
No.
of M
embe
rshi
pC
hairm
ansh
ip in
Boa
rd /
Com
mitt
ess
(Inc
ludi
ng o
urC
ompa
ny)
1.S
ri S
.Sre
edha
r R
eddy
Pro
mot
er -
8Ye
s13
1M
anag
ing
Dire
ctor
2S
ri V
. Sur
esh
Kum
arP
rom
ote
r-D
irect
or8
Yes
5-
3.S
ri V
. Ram
nath
Inde
pend
ent
4N
o4
-N
on-E
xecu
tive
Dire
ctor
4D
r.R.K
. Pra
sad
Sun
kara
NR
I-N
on-E
xecu
tive
-N
o-
-
5.S
mt.
V. A
ravi
nda
Ran
iD
irect
or5
Yes
10-
6.S
ri P.
J. R
eddy
Inde
pend
ent D
irect
or3
No
--
7.*S
ri A
.V. N
aras
imha
Red
dyD
irect
or1
--
-
Res
igne
d w
ith e
ffect
from
20th
Apr
il 20
15
3)
Au
dit
Co
mm
itte
e:
Th
e A
ud
it C
om
mit
tee m
et
fou
r ti
mes
du
rin
g t
he y
ear
i.e.3
0th M
ay;
20
14
13
th A
ug
ust,
20
14
;
11
th N
ove
mber, 2
014 a
nd 1
3th F
ebru
ary
, 2015.
The r
ole
and t
erm
s o
f re
fere
nce o
f A
udit C
om
mitte
e c
ove
r th
e a
reas m
entioned u
nder
cla
use 4
9 o
f
the L
isting A
gre
em
ent
and S
ection 2
92A
of
the C
om
panie
s A
ct, 1
956 b
esid
es o
ther
term
s a
s m
ay
be r
efe
rred t
o b
y th
e B
oard
of
Directo
rs f
rom
tim
e t
o t
ime.
The c
om
pany
contin
ued t
o d
eri
ve i
mm
ense b
enefit
from
the d
elib
era
tions o
f th
e A
udit C
om
mitte
e
com
pri
sin
g o
f S
ri P
.J.R
eddy,
Sri
V.R
am
nath
and A
.V.N
ara
sim
ha R
eddy,
who a
re i
ndependen
t and
Non-E
xecutive
Dir
ecto
rs.
The m
inute
s o
f each A
udit C
om
mitte
e a
re p
laced b
efo
re a
nd
dis
cu
ssed
by
the B
oard
of
Directo
rs o
f th
e C
om
pany
The a
ttendance a
t th
e A
udit C
om
mitte
e M
eetings i
s g
iven b
elo
w:
Sl.
No.
Nam
e o
f th
e M
em
ber
No.
of
Meetings
Held
No.
of
Meetings
Att
en
ded
1.
Sri A
.Sath
ya B
hu
shana R
ao*
41
2.
Sri
A.V
.Nara
sim
ha R
eddy
43
3.
P.J
. R
eddy
41
4.
Sri V
. R
am
nath
42
•A
.Sath
ya B
hushana R
ao h
as r
esig
ned a
s a
Directo
r of
the C
om
pany
with e
ffect
from
30
th M
ay,
2014.
4)
Rem
un
era
tio
n C
om
mit
tee a
nd
Po
licy
:
The R
em
unera
tion C
om
mitte
e M
eeting w
as h
eld
on 1
3th A
ugust, 2014 to c
onsid
er
the r
eappoin
tment
of
Sri S
.Sre
edhar
Reddy,
as a
Managin
g D
irecto
r of
the C
om
pany
and r
evi
sed h
is r
em
unera
tion.
Th
e r
ole
of
the C
om
mitte
e i
s t
o d
ete
rmin
e t
he r
em
unera
tion p
aya
ble
to t
he w
hole
-tim
e d
irecto
rs
takin
g i
nto
account
their q
ualif
ication,
experience,
exp
ert
ise,
con
trib
ution a
nd t
he p
reva
iling l
eve
ls
of
rem
unera
tion i
n c
om
panie
s o
f corr
espondin
g s
ize a
nd s
tatu
re a
nd r
ecom
mendin
g t
he s
am
e t
o
the B
oard
for
its a
ppro
val
Deta
ils o
f re
mu
nera
tio
n t
o D
irecto
rs f
or
the y
ear
en
ded
31
st M
arc
h,
2015:
i)E
xecu
tiv
e D
irec
tors
:
The M
anagin
g D
irecto
r has d
raw
n a
n a
mount
of
Rs.1
8..00 lakhs
tow
ard
s s
ala
ry f
or
the y
ear
ended
31
st M
arc
h,
2015.
ii)
No
n-E
xecu
tiv
e D
irecto
rs:
No r
em
unera
tion o
ther
than s
itting f
ee i
s p
aid
to N
on-E
xecutive
Directo
rs.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
27
28
5)
a)
Sh
are
Tra
nsfe
r C
om
mit
tee:
Duri
ng t
he y
ear
2014-1
5,
the C
om
mitte
e m
et
13 t
imes.
All
share
s r
eceiv
ed f
or
transfe
r w
ere
regis
tere
d i
n f
avo
ur
of
the t
ransfe
rees a
nd d
ispatc
hed w
ithin
a m
onth
’s t
ime,
if t
he d
ocum
ents
receiv
ed w
ere
in o
rder.
During t
he y
ear
2014-2
015,
there
were
no r
equests
pendin
g f
or
transfe
r.
The a
tten
dance a
t th
e S
hare
Tra
nsfe
r C
om
mitte
e M
eetings i
s g
iven b
elo
w:
Sl.
No.
Nam
e o
f th
e M
em
ber
No.
of
Meetings
Held
No.
of
Meetings
Att
en
ded
1S
ri S
. S
reedhar
Reddy
13
13
2.
Sri A
.V.
Nars
imha R
eddy
13
10
3S
ri P
.J.R
eddy
13
5
4.
Sm
t.V
.Ara
vind
a R
ani
13
1
B.
Sh
are
ho
lders
/In
ve
sto
rs’
Gri
ev
an
ce C
om
mit
tee:
The S
hare
hold
ers
/Inve
sto
rs’
Grieva
nce C
om
mitte
e c
onsis
ts o
f S
mt.V
.Ara
vinda R
ani, S
ri P
.J.R
eddy
and S
ri V
.Ram
nath
The C
om
mitte
e c
ould
not
meet
during t
he f
inancia
l ye
ar
2014-1
5,
sin
ce t
here
were
no c
om
pla
ints
/
gri
eva
nces f
rom
the s
hare
hold
ers
.
Yea
rL
ocation
Date
Tim
e
201
2R
eg
iste
red O
ffic
e2
2.0
9.2
01
211.3
0 A
.M.
C-1
, In
dustr
ial
Esta
te,
Nandya
l, K
urn
ool
Dis
t.,
A.P
.
201
3R
eg
iste
red O
ffic
e2
1.0
9.2
01
311.4
5 A
.M.
C-1
, In
dustr
ial
Esta
te,
Nandya
l, K
urn
ool
Dis
t.,
A.P
.
201
4R
eg
iste
red O
ffic
e2
7.0
9.2
01
311.4
5 A
.M.
C-1
, In
dustr
ial
Esta
te,
Nandya
l, K
urn
ool
Dis
t.,
A.P
.
Sp
ecia
l R
eso
luti
on
s :
During t
he y
ear, t
here
were
no E
xtra
-Ord
inary
Genera
l M
eetings w
ere
held
.
In r
espect of
the r
esolu
tions p
assed in the a
bove
thre
e r
espective
Annual G
enera
l M
eetings, w
here
ver
applic
able
, th
e n
ecessary
Form
No.
MG
T14 w
ere
file
d w
ith t
he R
egis
trar
of
Com
panie
s.
7)
Dis
clo
su
res :
The C
om
pany
has c
om
plie
d w
ith a
ll th
e m
andato
ry r
eq
uirem
ents
of
Corp
ora
te G
ove
rnance n
orm
s
as e
num
era
ted i
n C
lause 4
9 o
f th
e L
isting A
gre
em
ent
with t
he S
tock E
xchanges
There
were
no i
nsta
nces o
f non-c
om
plia
nce o
n a
ny
matter
rela
ting t
o t
he c
apital
mark
et, d
uring t
he
last
thre
e y
ears
.
8)
Mean
s o
f C
om
mu
nic
ati
on
:
The Q
uart
erly
results a
re n
orm
ally
publis
hed in “
Busin
ess S
tandard
” in
Englis
h a
nd “
Andhra
Pra
bha”
regio
nal
new
s p
aper
publis
hed i
n t
he v
ern
acu
lar
lang
uage.
The r
esults a
re p
rom
ptly
furn
ished t
o
the s
tock e
xchange f
or
dis
pla
y on i
ts w
eb s
ite.
Both
“M
an
ag
em
ent
Dis
cu
ssio
n a
nd
Analy
sis
” an
d “
Sh
are
hold
ers
In
form
ation
” fo
rms p
art
of
the
An
nual
Report
.
9)
Gen
era
l In
form
ati
on
fo
r S
hare
ho
lders
:
i)D
ate
, T
ime a
nd V
enue o
f th
e:
26
th S
epte
mber, 2
015 a
t 11.4
5 A
.M.
An
nual
Genera
l M
eeting
Regis
tere
d O
ffic
e o
f th
e C
om
pany
situate
d a
t N
andya
l, K
urn
ool
Dis
tric
t, A
.P.
ii)F
inancia
l cale
ndar
- 1
st A
pril
2015
to 3
1st M
arc
h 2
016
Fin
an
cia
l R
eport
ing U
n-a
udited
For
the q
uart
er
endin
g J
une 3
0,
2015
Second w
eek o
f A
ugust
2015
For
the q
uart
er
endin
g S
ept.30,
2015
Second w
eek o
f N
ove
mber
2015
For
the q
uart
er
endin
g D
ecem
ber
31,
2015
Second w
eek o
f F
ebru
ary
2016
For
the q
uart
er
endin
g M
arc
h 3
1 2
016
Last
week o
f M
ay
2016
(audited)
Annual
Genera
l M
eeting f
or
the y
ear
26
th S
epte
mber, 2
015 a
t 11.4
5 A
.M.
endin
g 3
1st M
arc
h,
2015
iii)
Date
of
Book C
losure
Fro
m 2
1.0
9.2
015
to 2
6.0
9.2
015
(both
days
in
clu
siv
e)
iv)
Div
iden
d p
aym
ent
date
N.A
.
v)
Lis
ting
on S
tock E
xchanges
:T
he C
om
pany’
s s
hare
s a
re l
iste
d o
n:
Bom
bay
Sto
ck E
xchange L
imited
Flo
or
25,
Phiroze J
eeje
ebhoy T
ow
ers
Dala
l S
treet, M
um
bai
400 0
01.
Lis
tin
g f
ee w
as p
aid
to
th
e s
aid
Sto
ck E
xch
an
ge.
6)
An
nu
al
Gen
era
l M
eeti
ng
s:
The l
ast
thre
e A
nnual
Genera
l M
eetings w
ere
held
as u
nder:
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
29
30
April
2014
…3
5.3
02
6.7
5
May
2014
…3
5.4
02
6.6
0
June 2
014
…4
3.8
03
1.7
5
July
2014
…4
3.0
53
7.0
5
August
2014
…3
9.4
53
6.0
5
Septe
mber
20
14
…4
0.0
03
1.6
0
Octo
ber
2014
…3
9.9
03
0.8
5
Nove
mb
er
201
4…
44.8
03
0.5
0
Decem
ber
20
14
…3
9.0
02
5.6
5
January
20
15
…4
1.7
02
1.2
0
Febru
ary
20
15
…4
5.2
53
6.5
0
Marc
h 2
015
…4
4.8
03
6.5
0
Sto
ck E
xchange M
um
bai
(BS
E)
Rs.
Mon
th
Hig
h (
Rs.)
Low
(R
s.)
vi)
Mark
et
Price D
ata
:
vii)
Regis
trar
and S
hare
Tra
nsfe
r A
gents
M/s
. X
L S
oft
ech S
yste
ms L
imited
3,
Sagar
Socie
ty R
oad N
o.
2,
Banja
ra H
ills H
ydera
bad -
500 0
34.
Tel
: 040-2
3545913;
914 &
915
Fa
x:
04
0-2
355
3214
Em
ail
: xl
field
@re
diffm
ail.
com
Web
site
: w
ww
.xls
oft
ech.c
om
7)
a)
Dis
trib
ution o
f share
hold
ing a
s o
n 3
1st
Marc
h 2
015 :
Nom
inal
Valu
e
of
Share
s
Perc
enta
ge o
f
Sh
are
Hold
ers
Perc
enta
ge o
f
Share
Hold
ers
%N
o.
of
Share
s
Hold
ers
Sh
are
s
Am
ount
in R
s.
b)
Pa
tte
rn o
f s
ha
reh
old
ing
as
on
31
st
Ma
rch
20
15
Cate
gory
No.
of
Share
s%
of
share
hold
ing
AP
rom
ote
r’s
ho
ldin
g:
1P
rom
ote
rs:
India
n P
rom
ote
rs6
58
687
24
1.1
2
Fore
ign P
rom
ote
rs-
-
2P
ers
ons a
cting i
n c
oncert
174
442
31
0.8
9
Sub T
ota
l8
33
129
55
2.0
1
BN
on
-Pro
mo
ters
ho
ldin
g
3In
stitu
tional
Investo
rs:
AM
utu
al
Funds a
nd U
TI
120
0-
BB
an
ks,
Fin
ancia
l In
stitu
tions,
58
11
00
.37
Insu
rance c
om
panie
s(C
entr
al/
Sta
te G
ove
rnm
en
t In
stitu
tion
s/
Non
-Govt.
Institu
tions)
CF
IIs
426
905
72
6.6
5
Su
b-T
ota
l4
32
836
72
7.0
2
4O
thers
AP
rivate
Corp
ora
te B
odie
s2
03
39
21
.27
BIn
dia
n P
ub
lic3
05
967
91
9.1
0
CN
RIs
/OC
Bs
927
53
0.5
8
DA
ny
oth
er
(Ple
ase s
pecify)
265
30
.02
Su
b T
ota
l3
35
847
72
0.9
7
Gra
nd
To
tal
160
18
13
91
00
.00
Note
: Tota
l fo
reig
n s
hare
hold
ings:
436
096
32
7.2
3
11
Dem
ate
rializati
on
of
Sh
are
s a
nd
Liq
uid
ity
:
As o
n 3
1st
Marc
h,
2015,
94.2
6%
Equity
Share
s h
ave
been d
em
ate
rializ
ed.
The C
om
pany’
s s
hare
s a
re a
vaila
ble
for
Dem
at
with N
ati
on
al
Secu
riti
es D
ep
osit
ory
Lim
ited
an
d
Cen
tral
Dep
osit
ory
Serv
ices (
Ind
ia)
Lim
ited
. A
s p
er
directive
s issued b
y S
EB
I, it
is c
om
puls
ory
to
trade i
n t
he C
om
pany’
s E
quity
Share
s i
n t
he d
em
ate
rializ
ed f
orm
with e
ffect
from
Septe
mber, 2
001.
The IS
IN n
um
ber
allo
tted for
tradin
g in
the C
om
pany’
s E
quity
Share
s in D
em
at fo
rm is
IN
E167E
01029
at
both
the D
epositori
es.
During t
he y
ear
2014-1
5,
the c
om
pany
had r
eceiv
ed r
equests
for
de-m
ate
rializ
ation 1
0320
share
s.
The C
om
pany
has a
cte
d u
pon a
ll va
lid r
eq
uests
receiv
ed f
or
dem
ate
rializ
ation d
uring 2
014-1
5.
As o
n 3
1st M
arc
h,
2015,
no r
equests
were
pendin
g f
or
dem
at
confirm
ation.
Upto
-5
00
06
69
19
3.9
26
53
016
04
.08
500
1-
100
00
19
72
.77
155
555
00
.97
100
01
-2
00
00
10
81
.52
160
366
01
.00
200
01
-3
00
00
35
0.4
98
97
76
00
.56
300
01
-4
00
00
15
0.2
15
35
43
00
.33
400
01
-5
00
00
14
0.2
06
52
48
00
.41
500
01
-1
00
00
02
00
.28
140
793
00
.88
100
00
1&
ab
ove
44
0.6
21
46
99
842
09
1.7
7
TO
TA
L7
12
41
00
.00
160
18
139
01
00
.00
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
31
32
12
)P
lan
t L
ocati
on
s:
Reg
iste
red
Off
ice
:C
-1 I
ndustr
ial
Esta
te,
Bom
mala
satr
am
Nandyal
Kurn
ool
Dis
tric
t, A
.P.
- 518 5
02
Tele
phone N
o.: 0
85
14-2
222
74
Fax
No.: 0
8514-2
43350
Web
site:
pan
yam
cem
ents
.com
Em
ail:
reg
off
ice @
pan
yam
cem
en
ts.c
om
Cem
en
t W
ork
s:
Cem
ent
Nagar
518 2
06,
Kurn
ool
Dis
tric
t, A
.P.
Tel: 0
8516-2
74638,
Fax:
08516-2
74644
Cen
tral
Ad
min
istr
ati
ve O
ffic
e:
Plo
t N
o.1
88,
Phase-I
I,
Kam
ala
puri C
olo
ny,
Hyd
era
bad 5
00 0
73.
Tele
phone N
o.: 0
40
-235
553
17
Fax
No.: 0
40-2
355
5316
MA
NA
GE
ME
NT
DIS
CU
SS
ION
AN
D A
NA
LY
SIS
:
1.
Ind
ustr
y s
tru
ctu
re a
nd
develo
pm
en
t:
In t
he e
arlie
r years
the C
em
ent
Div
isio
n w
as incurr
ing l
osses d
ue t
o i
ts inabili
ty t
o o
pera
te c
ontinuously
at
optim
um
levels
on a
ccount
of in
adequate
work
ing c
apital and h
igh c
ost of pro
duction w
hic
h is m
ain
ly d
ue to
hig
h p
ow
er consu
mption a
nd c
oal w
hen c
om
pare
d to in
dustr
y norm
s of sim
ilar capacity.
Now
the m
anagem
ent
has t
aken v
arious s
teps t
o o
ptim
ize t
he p
roduction levels
and t
aken n
ecessary
measure
s t
o r
educe t
he c
ost
of
pro
duction.
The e
ffort
s o
f th
e m
anagem
ent
is y
ield
ing r
esults.
2.
Op
po
rtu
nit
y a
nd
th
reats
:
Our
cem
ent
pla
nt
bein
g s
trate
gic
ally
locate
d w
ith h
igh q
ualit
y l
imesto
ne m
ines v
ery
near
to t
he p
lant
can
cate
r to
the n
eig
hbouring S
tate
s o
f Tam
ilnadu,
Karn
ata
ka,
Goa a
nd K
era
la w
here
the r
ealiz
ations a
re b
ett
er.
The C
om
pany h
as a
lso m
ade a
rrangem
ents
to a
ugm
ent
its w
ork
ing c
apital by g
ett
ing a
ppro
val of
work
ing
capital fr
om
bank a
nd is
lookin
g to r
each o
ptim
um
opera
tional le
vels
. F
urt
her, the c
om
pany h
as e
nhanced its
capacity b
y m
odern
ization o
f K
iln N
o.1
where
by t
he e
xisting c
apacity o
f th
e k
iln w
as e
nhanced f
rom
550
M.T
onnes p
er
day t
o 1
800 M
.Tonnes p
er
day.
3.
Ou
tlo
ok
:
The i
nitia
tives b
y t
he n
ew
Govern
ment
such a
s h
ousin
g f
or
all,
sm
art
citie
s,
Sw
achh B
hara
t cam
paig
n,
infr
astr
uctu
re s
pendin
g,
concre
te r
oad initia
tives a
nd a
n incre
ase in a
llocation o
f fu
nds t
o S
tate
s a
re lik
ely
to
see a
positiv
e im
pact
on t
he C
em
ent
Industr
y.
Infr
astr
uctu
re d
evelo
pm
ent
is t
he n
eed o
f th
e n
ation;
this
alo
ng w
ith r
isin
g h
ousin
g p
rovis
ion w
ill a
ccele
rate
constr
uction a
ctivity.
Recovery
of
the g
lobal
scenario c
ould
als
o p
rovid
e i
mpetu
s t
o e
conom
ic g
row
th a
nd
cem
ent.
T
he S
tate
has s
een n
ew
pla
yers
and a
lso t
he e
xisting
pla
yers
exp
andin
g c
apacitie
s d
ue t
o h
uge
availa
bili
ty o
f lim
esto
ne,
whic
h is t
he p
rim
ary
mate
rial fo
r cem
ent.
4.
Ris
ks a
nd
co
ncern
s
The d
ryin
g u
p o
f G
overn
ment contr
acts
thro
ugh ir
rigation, in
frastr
uctu
re a
nd h
ousin
g p
rogra
mm
es w
as m
ajo
r
reason for
hitting t
he Industr
y. W
e p
resum
e t
hat th
e b
ifurc
ation o
f ers
twhile
Andhra
Pra
desh w
ill im
petu
s the
gro
wth
of cem
ent consum
ption d
uring t
he y
ear.
Concern
s o
f th
e I
ndia
n C
em
ent
Industr
y a
re h
igh c
ost
of
pow
er
and c
oal, h
igh f
reig
ht
costs
, in
adequate
infr
astr
uctu
re,
non-a
vaila
bili
ty o
f w
agons a
nd p
oor
qualit
y o
f coal and h
eavy t
axe
s/r
oyalty levie
s.
SE
GM
EN
T-W
ISE
PE
RF
OR
MA
NC
E T
OG
ET
HE
R W
ITH
DIS
CU
SS
ION
ON
FIN
AN
CIA
L P
ER
FO
RM
AN
CE
WIT
H R
ES
PE
CT
TO
OP
ER
AT
ION
AL
PE
RF
OR
MA
NC
E:
Segm
ent-
wis
e (only
one s
egm
ent)
perform
ance togeth
er w
ith d
iscussio
n o
n fin
ancia
l perf
orm
ance w
ith respect
to o
pera
tional perf
orm
ance h
as b
een d
ealt w
ith in t
he D
irecto
rs’ R
eport
whic
h s
hould
be t
reate
d a
s f
orm
ing
part
of th
is M
anagem
ent
Dis
cussio
n a
nd A
naly
sis
.
S.
NA
GE
SW
AR
A R
ED
DY
Chie
f F
inancia
l O
ffic
er
Pla
ce:
Nan
dyal
Dt. 1
2th A
ugust, 2
015
INT
ER
NA
L C
ON
TR
OL
SY
ST
EM
S A
ND
TH
EIR
AD
EQ
UA
CY
:
The c
om
pany i
s f
ollo
win
g a
pro
per
and a
dequate
syste
m o
f in
tern
al
contr
ols
in r
espect
of
all
its a
ctivitie
s
inclu
din
g s
afe
guard
ing a
nd p
rote
cting its
assets
again
st
loss f
rom
unauth
orised u
se o
f dis
positio
n.
The inte
rnal contr
ol syste
ms o
f th
e c
om
pany c
om
prises o
f sta
tuto
ry a
udit,
cost
audit a
nd inte
rnal audit. T
he
work
of
all
the a
udits h
ave b
een a
ssig
ned t
o r
epute
d,
ext
ern
al, independent
and q
ualif
ied p
eople
.
The A
udit C
om
mitte
e c
om
prisin
g o
f in
dependent
directo
rs w
ill r
evie
ws a
ll quart
erly,
half y
early a
nd a
nnual
financia
l sta
tem
ents
.
HU
MA
N R
ES
OU
RC
ES
AN
D I
ND
US
TR
IAL
RE
LA
TIO
NS
:
The industr
ial
rela
tions a
t all
the p
lant
and o
ffic
es c
ontinue t
o b
e c
ord
ial
during t
he y
ear
under
revie
w.
The
tota
l num
ber
of
em
plo
yees a
t th
e e
nd o
f th
e f
inancia
l year
2014-1
5 o
n t
he r
olls
of
the C
om
pany i
s 4
56 a
tC
em
ent
Div
isio
n a
nd C
entr
al A
dm
inis
trative O
ffic
e.
CA
UT
ION
AR
Y S
TA
TE
ME
NT:
Sta
tem
ents
in
the M
anag
em
en
t D
iscussio
n and A
naly
sis
Rep
ort
descri
bin
g t
he C
om
pan
y’s
obje
ctives,
exp
ecta
tions o
r pre
dic
tions m
ay b
e f
orw
ard
lookin
g w
ithin
the m
eanin
g o
f applic
able
securities l
aw
s a
nd
regula
tions. A
ctu
al re
sults m
ay d
iffer
mate
rially
fro
m those e
xpre
ssed in the s
tate
ment.
Im
port
ant fa
cto
rs that
could
influence the C
om
pany’s
opera
tions in
clu
de g
lobal a
nd d
om
estic s
upply
and d
em
and c
onditio
ns a
ffecting
selli
ng p
rices o
f finis
hed g
oods, in
put availa
bili
ty a
nd p
rices, changes in g
overn
ment polic
ies a
nd r
egula
tions,
tax
law
s, e
conom
ic d
evelo
pm
ents
within
the c
ountr
y a
nd o
ther fa
cto
rs s
uch a
s lit
igation a
nd in
dustr
ial r
ela
tions.
The c
om
pany u
ndert
akes n
o o
blig
ation to
public
ly u
pdate
or
revis
e a
ny forw
ard
lookin
g s
tate
ments
, w
heth
er
as a
result o
f new
info
rmation, fu
ture
events
or
oth
erw
ise. R
eaders
are
cautioned n
ot to
pla
ce u
ndue r
elia
nce
on t
hese f
orw
ard
lookin
g s
tate
ments
that
speaks o
nly
as o
f th
eir d
ate
s.
CE
RT
IFIC
AT
E B
Y T
HE
CH
IEF
EX
EC
UT
IVE
OF
FIC
ER
AN
D C
HIE
F F
INA
NC
IAL
OF
FIC
ER
ON
FIN
AN
CIA
LS
TA
TE
ME
NT
S O
F T
HE
CO
MP
AN
Y:
We,
S.
Sre
ed
har
Red
dy,
Man
ag
ing
D
irecto
r an
d S
.Nag
esw
ara
R
ed
dy,
Ch
ief
Fin
an
cia
l O
ffic
er
of
M/s
. P
anyam
Cem
ents
& M
inera
l In
dustr
ies L
imited d
o h
ere
by c
ert
ify t
hat:
-
a)
We h
ave r
evie
wed t
he f
inancia
l sta
tem
ents
and
the C
ash F
low
Sta
tem
ent
for
the f
inancia
l year
ended
Marc
h 3
1,
2015 a
nd t
hat
to t
he b
est
of our
know
ledge a
nd b
elie
f:
i)T
hese s
tate
ments
do n
ot
conta
in a
ny m
ate
rial
untr
ue s
tate
ment
or
om
it a
ny m
ate
rial
fact
or
conta
insta
tem
ents
that m
ight
be m
isle
adin
g;
ii)
These s
tate
ments
togeth
er
pre
sent
a t
rue a
nd f
air v
iew
of
the c
om
pany’s
affairs a
nd a
re in c
om
plia
nce
with e
xisting a
ccounting s
tandard
s,
applic
able
law
s a
nd r
egula
tions.
b)
There
are
, to
the b
est
of
our
know
ledge a
nd b
elie
f, n
o t
ransactions e
nte
red into
by t
he c
om
pany d
uring t
he
period,
whic
h a
re f
raudule
nt,
ille
gal and v
iola
tive o
f th
e C
om
pany’s
code o
f conduct.
c)
We a
re resp
onsib
le fo
r est
ablis
hin
g a
nd m
ain
tain
ing in
tern
al c
ontr
ols
for fin
ancia
l report
ing a
nd th
at w
e h
ave e
valu
ate
dth
e e
ffectiv
eness
of t
he in
tern
al c
ontr
ol s
yst
em
s o
f the c
om
pany
pert
ain
ing to
financi
al r
eport
ing a
nd w
e h
ave d
isclo
sed
to th
e a
udito
rs a
nd th
e A
udit
Com
mitt
ee, d
efic
iencie
s in
the d
esi
gn a
nd o
pera
tion o
f inte
rnal c
ontr
ols,
if a
ny,
of w
hic
h w
eare
aw
are
and th
e s
teps w
e h
ave ta
ken o
r pro
pose to
take to
rectif
y th
ese d
efici
encie
s.
d)
We h
ave indic
ate
d t
o t
he A
uditors
and A
udit C
om
mitte
e t
hat:
a)
There
have b
een n
o s
ignific
ant
changes in inte
rnal contr
ol over
financia
l re
port
ing d
uring t
he y
ear;
b)
There
have b
een n
o s
ignific
ant
changes in a
ccounting p
olic
ies d
uring t
he y
ear;
and
c)
There
have b
een n
o i
nsta
nces o
f sig
nific
ant
fraud o
f w
hic
h w
e h
ave b
ecom
aw
are
and t
he i
nvolv
em
ent
there
in,
if a
ny,
of th
e m
anagem
ent
or
an e
mplo
yee h
avin
g a
sig
nific
ant
role
in the c
om
pany’s
inte
rnal contr
ol
syste
m o
ver
financia
l re
port
ing.
S.
SR
EE
DH
AR
RE
DD
Y
Manag
ing D
irecto
r
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
33
34
AU
DIT
OR
S’ C
ER
TIF
ICA
TE
ON
CO
RP
OR
AT
E G
OV
ER
NA
NC
E :
To
The M
em
bers
of
M/s
. P
an
yam
Cem
en
ts &
Min
era
l In
du
str
ies L
imit
ed
We h
ave e
xam
ined t
he c
om
plia
nce o
f cond
itio
ns o
f C
orp
ora
te G
ove
rnance b
y M
/s.P
an
yam
Cem
ents
&
Min
era
l In
dustr
ies L
imited f
or
the y
ear
ended 3
1st
Marc
h,
2015,
as s
tipula
ted i
n c
lause 4
9 o
f th
e L
isting
Agre
em
ent
of
the s
aid
Com
pany
with S
tock E
xchange.
The c
om
plia
nce o
f con
ditio
ns o
f C
orp
ora
te G
overn
an
ce i
s t
he r
esp
on
sib
ility
of
the m
an
ag
em
ent.
Ou
r
exa
min
ation w
as l
imited t
o p
rocedure
s a
nd i
mple
menta
tion t
here
of,
adopte
d b
y th
e C
om
pany
for
ensuring
the c
om
plia
nce o
f th
e c
onditio
ns o
f C
orp
ora
te G
ove
rnance.
It
is n
either
an a
udit n
or
exp
ressio
n o
f opin
ion
on t
he f
inancia
l sta
tem
ents
of
the C
om
pany.
In o
ur
opin
ion a
nd t
o t
he b
est
of
our
info
rmation a
nd a
ccord
ing t
o t
he e
xpla
nations g
iven t
o u
s,
we c
ert
ify
that
the c
om
pany
has c
om
plie
d w
ith t
he c
ond
itio
ns o
f C
orp
ora
te G
ove
rnance a
s s
tipula
ted i
n t
he a
bove
mentioned L
isting
Ag
reem
en
t.
As r
equired b
y th
e G
uid
ance N
ote
issued b
y th
e I
nstitu
te o
f C
hart
ere
d A
ccounta
nts
of
India
, w
e h
ave
to
sta
te t
hat
as p
er
the r
ecord
s m
ain
tain
ed b
y t
he C
om
pany,
there
were
no i
nve
sto
r gri
evan
ce r
em
ain
ing
unatt
ended/p
endin
g f
or
more
than 3
0 d
ays
.
We f
urt
her
sta
te t
hat
such c
om
plia
nce is n
either
an a
ssura
nce a
s t
o t
he f
utu
re v
iabili
ty o
f th
e c
om
pany
nor
the e
ffic
iency
or
eff
ective
ness w
ith w
hic
h t
he m
anagem
ent
has c
onducte
d t
he a
ffairs o
f th
e C
om
pany.
Fo
r B
rah
may
ya &
Co
.,
Ch
art
ere
d A
ccoun
tan
ts
Fir
m’s
Reg
istr
ation N
o.0
0051
4S
B.D
AIV
AD
HE
EN
AM
RE
DD
Y
Pa
rtn
er
M.N
o.0
26
45
0
Pla
ce:
Nan
dyal
Date
12
th A
ugust, 2
015
IND
EP
EN
DE
NT
AU
DIT
OR
S’
RE
PO
RT
:
To
Th
e M
em
be
rs o
fM
/s. P
an
ya
m C
em
en
ts &
Min
era
l In
du
str
ies L
imite
d
(1)
Re
po
rt o
n t
he
Sta
nd
alo
ne
Fin
an
cia
l S
tate
me
nts
We
ha
ve a
ud
ite
d th
e a
cco
mp
an
yin
g f
ina
ncia
l sta
tem
en
ts o
fM
/s. P
an
yam
Ce
me
nts
& M
ine
rals
In
du
str
ies
Lim
ited
, N
an
dya
l(“
the
Co
mp
an
y”)
, w
hic
h c
om
pri
se
th
e B
ala
nce
Sh
ee
t a
s a
t 3
1st
Ma
rch
, 2
01
5,
the
Sta
tem
en
t o
f P
rofit
an
d L
oss,
the
Ca
sh
Flo
wS
tate
me
nt fo
r th
e y
ea
r th
en
en
de
d, a
nd
a s
um
ma
ry o
f sig
nific
an
ta
cco
un
tin
g p
olicie
s a
nd
oth
er
exp
lan
ato
ry in
form
atio
n.
(2)
Ma
na
ge
me
nt’
s R
es
po
ns
ibil
ity
fo
r th
e S
tan
d a
lon
eF
ina
nc
ial
Sta
tem
en
ts
Th
e m
an
ag
em
en
t a
nd
Bo
ard
of
Dir
ecto
rs o
f th
e c
om
pa
ny a
rere
sp
on
sib
le fo
r th
e m
att
ers
sta
ted
in
se
cti
on
13
4(5
) o
f th
eC
om
pa
nie
s A
ct,
20
13
(“
the
Act”
) w
ith
re
sp
ect
to th
e p
rep
ara
tio
na
nd
pre
se
nta
tio
n o
f th
ese
sta
nd
alo
ne
fin
an
cia
l sta
tem
en
ts t
ha
tg
ive
a t
rue
an
d f
air
vie
w o
f th
e f
ina
nc
ial
po
sit
ion
, fi
na
nc
ial
pe
rfo
rma
nce
an
d c
ash
flo
ws o
f th
e C
om
pa
ny in
acco
rda
nce
with
the
acco
un
tin
g p
rin
cip
les g
en
era
lly a
cce
pte
d i
n I
nd
ia,
inclu
din
gth
e A
cc
ou
nti
ng
Sta
nd
ard
s s
pe
cif
ied
un
de
r S
ec
tio
n 1
33
o
fC
om
pa
nie
s A
ct,
20
13
, re
ad
wit
h R
ule
7 o
f th
e C
om
pa
nie
s(A
cc
ou
nts
) R
ule
s,
20
14
. T
his
re
sp
on
sib
ility a
lso
in
clu
de
s t
he
ma
inte
nan
ce
of a
de
qu
ate
acco
un
tin
g re
co
rds in
acco
rdan
ce
with
the
pro
visio
ns
of
the
Ac
t fo
r s
afe
gu
ard
ing
th
e a
sse
ts o
f th
eC
om
pa
ny a
nd
fo
r p
reve
nti
ng
a
nd
de
tecti
ng
fr
au
ds a
nd
oth
er
irre
gu
laritie
s; se
lectio
n a
nd
ap
plica
tio
n o
f a
pp
rop
ria
te a
cco
un
tin
gp
olicie
s;
ma
kin
g j
ud
gm
en
ts a
nd
estim
ate
s t
ha
t a
re r
ea
so
na
ble
an
d p
rud
en
t; d
es
ign
, im
ple
me
nta
tio
n a
nd
ma
inte
na
nc
e o
fa
de
qu
ate
inte
rna
l fin
an
cia
l co
ntr
ols
, th
at a
re o
pe
ratin
g e
ffe
ctive
lyfo
r e
nsu
rin
g t
he
accu
racy a
nd
co
mp
lete
ne
ss o
f th
e a
cco
un
tin
gre
co
rds,
rele
van
t to
th
e p
rep
ara
tio
n a
nd
pre
se
nta
tio
n o
f th
efin
an
cia
l sta
tem
en
ts t
ha
t g
ive
a t
rue
an
d f
air
vie
w a
nd
are
fre
efr
om
ma
teri
al m
issta
tem
en
t, w
he
the
r d
ue
to
fra
ud
or
err
or.
(3)
Au
dit
ors
’ R
es
po
ns
ibil
ity
Ou
r re
sp
on
sib
ility is t
o e
xpre
ss a
n o
pin
ion
on
th
ese
sta
nd
alo
ne
fin
an
cia
l sta
tem
en
ts b
ase
d o
n o
ur
au
dit.
We
ha
ve t
ake
n i
nto
acco
un
t th
e p
rovi
sio
ns o
f th
e A
ct,
th
e a
cco
un
tin
g a
nd
au
ditin
gsta
nd
ard
s a
nd
ma
tte
rs w
hic
h a
re r
eq
uir
ed
to
be
in
clu
de
d i
n t
he
au
dit r
ep
ort
un
de
r th
e p
rovi
sio
ns o
f th
e A
ct
an
d t
he
Ru
les m
ad
eth
ere
un
de
r. W
e c
on
du
cte
d o
ur
au
dit i
n a
cco
rda
nce
wit
h t
he
Sta
nd
ard
s o
n A
uditin
g s
pe
cifie
d u
nd
er se
ctio
n 1
43
(10
) o
f th
e A
ct.
Tho
se
Sta
nd
ard
s re
quir
e th
at w
e c
om
ply
with
eth
ica
l re
qu
ire
me
nts
an
d p
lan
an
d p
erf
orm
th
e a
ud
it t
o o
bta
in r
ea
so
na
ble
assu
ran
ce
ab
ou
t w
he
the
r th
e f
ina
ncia
l sta
tem
en
ts a
re f
ree
fro
m m
ate
ria
lm
issta
tem
ent.
An
au
dit in
volv
es p
erf
orm
ing
pro
ce
du
res to
ob
tain
au
dit e
vid
en
ce
abo
ut t
he a
mo
unts
an
d th
e d
isclo
su
res in
th
e fin
an
cia
l sta
tem
en
ts.
Th
e p
roce
du
res s
ele
cte
d d
ep
en
d o
n th
e a
ud
ito
r’s ju
dg
me
nt,
inclu
din
g th
e a
sse
ssm
en
t o
f th
e ris
ks o
f m
ate
rial m
issta
tem
en
t o
fth
e fin
an
cia
l sta
tem
en
ts, w
he
the
r d
ue
to
fra
ud
or
err
or.
In m
akin
gth
ose
ris
k a
sse
ssm
en
ts,
the
au
dito
r co
nsid
ers
in
tern
al fin
an
cia
lco
ntr
ol
rele
van
t to
th
e C
om
pa
ny’s
pre
pa
ratio
n o
f th
e f
ina
ncia
lsta
tem
en
ts, th
at g
ive
a tru
e a
nd
fa
ir v
iew
, in
ord
er
to d
esig
n a
ud
itp
roce
du
res th
at a
re a
pp
rop
ria
te in
th
e c
ircu
msta
nce
s, b
ut n
ot fo
rth
e p
urp
ose
of
exp
ressin
g a
n o
pin
ion
on
wh
eth
er
the
co
mp
an
yh
as in
pla
ce
an
ad
eq
ua
te in
tern
al fin
an
cia
l co
ntr
ols
syste
m o
ver
fin
an
cia
l re
po
rtin
g a
nd
th
e o
pe
rati
ng
e
ffe
cti
ve
ne
ss o
f s
uc
hco
ntr
ols
. A
n a
ud
it a
lso
in
clu
de
s e
valu
atin
g t
he
ap
pro
pri
ate
ne
ss
of
the
acco
un
tin
g p
olicie
s u
se
d a
nd
th
e r
ea
so
na
ble
ne
ss o
f th
ea
cco
un
tin
g e
stim
ate
s m
ad
e b
y th
e C
om
pa
ny’s
ma
na
gem
en
t a
nd
Bo
ard
of D
ire
cto
rs, a
s w
ell a
s e
valu
atin
g th
e o
vera
ll p
rese
nta
tio
no
f th
e fin
an
cia
l sta
tem
en
ts.
We
be
lie
ve th
at th
e a
ud
it e
vid
en
ce
we
ha
ve o
bta
ine
d is
su
ffic
ien
ta
nd
ap
pro
pri
ate
to
pro
vid
e a
ba
sis
fo
r o
ur
au
dit o
pin
ion
on
th
esta
nd
alo
ne
fin
an
cia
l sta
tem
en
ts.
(4)
Op
inio
n
In o
ur o
pin
ion
an
d to
th
e b
est o
f o
ur
info
rma
tio
n a
nd
acco
rdin
g to
the
exp
lan
atio
ns g
ive
n t
o u
s, th
e a
fore
sa
id sta
nd
alo
ne
fin
an
cia
lsta
tem
en
ts g
ive
th
e in
form
atio
n re
qu
ire
d b
y th
e A
ct in
th
e m
an
ne
rso
re
qu
ire
d a
nd
giv
e a
tru
e a
nd
fa
ir v
iew
in
co
nfo
rmity w
ith
th
ea
cco
un
tin
g p
rin
cip
les g
en
era
lly a
cce
pte
d in
In
dia
;
a)
in t
he
ca
se
of
the
Ba
lan
ce
Sh
ee
t, o
f th
e s
tate
of
aff
air
s o
fth
e C
om
pa
ny a
s a
t 3
1st M
arc
h,
20
15
Pla
ce:
Nandyal
(Cam
p)
Dt. 3
0th M
ay,
2015
Fo
r B
rah
may
ya &
Co
.,C
hart
ere
d A
ccoun
tan
tsF
irm
’s R
eg
istr
ation N
o.0
0051
4S
B.
DA
IVA
DH
EE
NA
M R
ED
DY
Pa
rtn
er
M.N
o.0
26
45
0
b)
in th
e c
ase
of th
e S
tate
me
nt o
f P
rofit a
nd
Lo
ss, o
f th
e lo
ss
of
the
Co
mp
an
y f
or
the
ye
ar
en
de
d o
n t
ha
t d
ate
; a
nd
c)
in th
e c
ase
of th
e C
ash
Flo
w S
tate
me
nt,
of th
e c
ash
flo
ws
of
the
Co
mp
an
y f
or
the
ye
ar
en
de
d o
n t
ha
t d
ate
.
(5)
Re
po
rt o
n O
the
r L
eg
al
an
d R
eg
ula
tory
Re
qu
ire
me
nts
As r
eq
uir
ed
by t
he
Co
mp
an
ies (
Au
dito
r’s R
ep
ort
) O
rde
r, 2
01
5(“
the
Ord
er”
) is
su
ed
by t
he
Ce
ntr
al G
ove
rnm
en
t o
f In
dia
in
te
rms
of
su
b s
ectio
n (
11
) o
f S
ectio
n 1
43
of
the
Act,
we
giv
e i
n t
he
An
ne
xure
a s
tate
me
nt
on
th
e m
att
ers
sp
ecifie
d in
pa
rag
rap
hs 3
an
d 4
of
the
Ord
er,
to
th
e e
xte
nt
ap
plica
ble
.
As r
eq
uir
ed
by S
ectio
n 1
43
(3)
of
the
Act,
we
fu
rth
er
rep
ort
th
at:
a)
we
ha
ve
so
ug
ht
an
d o
bta
ine
d a
ll t
he
in
form
ati
on
an
de
xpla
na
tio
ns w
hic
h to
th
e b
est o
f o
ur
kn
ow
led
ge
an
d b
elie
fw
ere
ne
ce
ssa
ry f
or
the
pu
rpo
se
s o
f o
ur
au
dit;
b)
in o
ur
op
inio
n, p
rop
er
bo
oks o
f a
cco
un
t a
s r
eq
uir
ed
by la
wh
ave
be
en
ke
pt
by t
he
co
mp
an
y s
o f
ar
as i
t a
pp
ea
rs f
rom
ou
r e
xam
ina
tio
n o
f th
ose
bo
oks;
c)
the
Ba
lan
ce
Sh
ee
t, S
tate
me
nt o
f P
rofit a
nd
Lo
ss a
nd
Ca
sh
Flo
w S
tate
me
nt d
ea
lt w
ith
by th
is R
ep
ort
are
in a
gre
em
en
tw
ith
th
e b
oo
ks o
f a
cco
un
t;
d)
in o
ur
op
inio
n,
the
afo
res
aid
s
tan
d a
lon
e fi
na
nc
ial
sta
tem
en
ts c
om
ply
wit
h th
e a
pp
lic
ab
le A
cc
ou
nti
ng
Sta
nd
ard
s
sp
ecifie
d u
nd
er
se
ctio
n 1
33
of
the
Act,
re
ad
with
Ru
le 7
of th
e C
om
pa
nie
s (
Acco
un
ts)
Ru
les, 2
01
4;
e)
on
th
e b
asis
of
wri
tte
n r
ep
rese
nta
tio
ns r
ece
ive
d f
rom
th
eD
ire
cto
rs a
s o
n 3
1st M
arc
h,
20
15
an
d t
ake
n o
n r
eco
rd b
yth
e B
oa
rd o
f D
ire
cto
rs, n
on
e o
f th
e D
ire
cto
rs is
dis
qu
alifie
da
s o
n 3
1st M
arc
h, 2
01
5, fr
om
be
ing
ap
po
inte
d a
s a
dir
ecto
rin
te
rms o
f S
ectio
n 1
64
(2
) o
f th
e A
ct;
f)in
ou
r o
pin
ion
an
d to
th
e b
est
of
ou
r in
form
ati
on
an
da
cco
rdin
g t
o t
he
exp
lan
atio
ns g
ive
n t
o u
s,
we
re
po
rt a
su
nd
er
with
re
sp
ect
to t
he
oth
er
ma
tte
rs t
o b
e i
nclu
de
d i
nth
e A
ud
ito
r’s R
ep
ort
in
acc
ord
an
ce
with
Ru
le 11
of
the
Co
mp
an
ies (
Au
dit a
nd
Au
dito
rs)
Ru
les, 2
01
4;
(i)
Th
e c
om
pa
ny d
oe
s n
ot h
ave
an
y p
en
din
g litig
atio
ns w
hic
hw
ou
ld im
pa
ct its fin
an
cia
l p
ositio
n.
(ii)
The
co
mpa
ny
did
no
t ha
ve a
ny lo
ng
te
rm c
on
tra
cts
inclu
din
gd
eri
va
tive
co
ntr
acts
; a
s su
ch
t
he
re w
ere
no
ma
teri
al
fore
se
ea
ble
lo
sse
s t
he
reo
n.
(iii)
Du
rin
g t
he
ye
ar
un
de
r re
po
rt,
the
re a
re n
o a
mo
un
ts t
ha
tre
qu
ire
to
tra
nsfe
r to
th
e In
vesto
r E
du
ca
tio
n a
nd
Pro
tectio
nF
un
d;
the
refo
re d
ela
y i
n t
ran
sfe
rrin
g s
uch
su
ms d
oe
s n
ot
ari
se
.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
AN
NE
XU
RE
TO
AU
DIT
OR
'S R
EP
OR
T
Re:
M/s
. P
an
yam
Cem
en
ts &
Min
era
l In
du
str
ies L
imit
ed
.
Refe
rred t
o i
n p
ara
gra
ph 5
of
our
report
of
eve
n d
ate
;
(i)
In r
espect
of
fixe
d a
ssets
;
a.
The c
om
pany h
as m
ain
tain
ed
pro
per
record
s s
how
ing f
ull
part
icula
rs,
inclu
din
g q
uantita
tive
deta
ils a
nd s
ituation o
f fixe
d a
ssets
.
b.
As e
xpla
ined
to
us,
the c
om
pany
has a
regula
r pro
gra
mm
e o
f phys
ical
verification o
f its f
ixed
assets
and
have
been p
hys
ically
ve
rified b
y th
e m
anagem
ent
in a
phased m
anner
during t
he
year, w
hic
h in
our
opin
ion,
is
reasonable
havi
ng r
egard
to t
he
siz
e
of
the
Com
pany
and t
he
natu
re o
f its a
ssets
. A
s info
rmed t
o u
s,
no m
ate
rial dis
cre
pancie
s w
ere
noticed o
n s
uch p
hys
ical
veri
fication
.
(ii)
In r
espect
of
inve
nto
ry;
a.
Th
e p
hys
ical
verification
of
inve
nto
ry h
as b
een c
on
ducte
d b
y th
e m
anagem
en
t at
reasonab
lein
terv
als
durin
g t
he y
ear. I
n o
ur
opin
ion,
the f
requency
of
verification
is r
easonable
.
b.
In
our
opin
ion
and
accord
ing t
o t
he info
rmation a
nd e
xpla
nations
giv
en t
o u
s,
the p
rocedure
sof
physic
al
verification o
f in
vento
ry f
ollo
wed b
y th
e m
anagem
en
t are
reasonable
and a
dequate
in r
ela
tion t
o t
he s
ize o
f th
e C
om
pany
and t
he n
atu
re o
f its b
usin
ess.
c.
The C
om
pany
has m
ain
tain
ed p
roper
record
s o
f in
vento
ry a
nd a
s e
xpla
ined t
o u
s,
no m
ate
rial
dis
cre
pan
cie
s w
ere
noticed o
n p
hys
ical
veri
fication
and
th
e s
mall
dis
cre
pancie
s,
if a
ny,
have
been p
roperly
dealt w
ith i
n t
he b
ooks o
f account.
(iii)
The C
om
pany
has g
rante
d loans t
o c
om
panie
s c
ove
red in t
he r
egis
ter
main
tain
ed u
nder
Section
189 o
f th
e C
om
panie
s A
ct, 2
013 (
‘the A
ct’).
a)
In o
ur
opin
ion a
nd a
ccord
ing t
o t
he info
rmation a
nd e
xpla
nations g
iven t
o u
s a
nd a
s r
epre
sente
dby t
he c
om
pany,
in
resp
ect
of
loans g
ran
ted b
y th
e c
om
pany,
the i
nte
rest
an
d t
he p
rin
icip
al
am
oun
ts a
re r
eceiv
able
on
dem
and
and
th
ere
fore
th
e q
uestion o
f i
rreg
ula
rity
in r
eceip
t of
prinic
ipal
and t
he i
nte
rest
am
ounts
does n
ot
arise.
b)
In o
ur
opin
ion a
nd a
ccord
ing t
o t
he info
rmation a
nd e
xpla
nations g
iven t
o u
s a
nd a
s r
epre
sente
dby
the c
om
pany,
these a
re r
eceiv
able
on d
em
and a
nd t
here
fore
the q
uestion o
f ove
r due a
mount
does n
ot
ari
se.
(iv)
In
our
opin
ion
and
accord
ing
to
the
info
rmation
and e
xpla
nations
giv
en
to
us,
there
is
an
adequate
in
tern
al c
ontr
ol s
yste
m
com
mensura
te w
ith t
he s
ize o
f th
e C
om
pany
and t
he n
atu
re
of
its b
usin
ess,
for
the p
urc
hase o
f in
vento
ry a
nd f
ixed a
ssets
and f
or
the s
ale
of
good
s a
nd
serv
ices.
Du
ring
the c
ou
rse o
f our
aud
it,
we h
ave n
ot
ob
serv
ed
any m
ajo
r w
eakn
ess i
n t
he
inte
rnal
con
trol
syste
m.
(v)
In
our
opin
ion
and
accord
ing
to
the
info
rmation
and e
xpla
nations g
iven t
o u
s,
the c
om
pany
has n
ot
accepte
d a
ny
deposits f
rom
the p
ublic
specifie
d u
nder
the p
rovi
sio
ns
of
section 7
3 t
o76
or
an
y oth
er
rele
vant
pro
vis
ions o
f th
e C
om
pan
ies A
ct,
20
13 a
nd t
he r
ule
s f
ram
ed
there
under. N
o o
rder
has b
een p
assed b
y th
e C
om
pany
Law
Board
or
National C
om
pany
Law
Tribunal
or
Reserv
e B
ank o
f In
dia
or
any
Court
or
any
oth
er
Tribunal.
36
35
(vi)
In o
ur
op
inio
n a
nd
accord
ing
to t
he i
nfo
rmation
an
d e
xp
lanation
s g
iven
to u
s,
the C
entr
al
Gove
rnm
ent has p
rescribed f
or
the m
ain
tenance o
f C
ost
record
s u
nder
sub s
ection (
1)
of
Section
148 o
f th
e C
om
panie
s A
ct, 2
013 i
n r
espect
of
the p
roducts
manufa
ctu
red b
y th
e c
om
pany
and
pri
me f
acie
, t
he p
rescri
bed c
ost
record
s h
ave b
een
mad
e a
nd m
ain
tain
ed
by
the c
om
pan
ypurs
uant
to t
he r
ule
s m
ade t
here
under.
(vii)
In r
espect
of
sta
tuto
ry d
ues;
a.
Accord
ing t
o t
he
info
rmation
and
exp
lanation
s g
iven t
o u
s a
nd b
ased o
n t
he r
ecord
s o
f th
e
com
pan
y exa
min
ed
by u
s,
the
Co
mp
an
y i
s n
ot
reg
ula
r in
de
po
sit
ing
wit
h a
pp
rop
riate
au
tho
riti
es
un
dis
pu
ted
sta
tuto
ry d
ue
s i
nc
lud
ing
Pro
vid
en
t F
un
d,
Em
plo
ye
e’s
Sta
teIn
su
ran
ce,
Inco
me T
ax,
Wealt
h T
ax,
Serv
ice T
ax,
Sale
s T
ax,
Valu
e A
dd
ed
Tax,
Du
ty o
f
Cu
sto
ms,
Du
ty o
f E
xcis
e,
Cess a
nd
oth
er
sta
tuto
ry d
ues a
pp
licab
le t
o i
t.
Accord
ing t
o the info
rmation a
nd e
xpla
nations g
iven t
o u
s,
the f
ollo
win
g u
nd
isp
ute
d
sta
tuto
ryd
ues w
ere
ou
tsta
nd
ing
as a
t 31
st M
arc
h,
2015 f
or
a p
eri
od
of
mo
re t
han
six
mo
nth
s f
rom
the d
ate
th
ey
becam
e p
ay
ab
le a
nd
th
e d
ue d
ate
s f
or
pay
men
t o
f sale
s t
ax d
ues f
or
Ju
ly
an
d A
ug
ust,
2012 c
on
sid
ere
d a
s p
er
the i
nsta
llm
en
ts g
ran
ted
by
th
e D
ep
art
men
t.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
37
38
1C
ST
Act
,195
6C
entr
al
Sal
es T
ax7.
2220
09-1
0
24.9
220
10-1
1
0.07
2013
-14
2A
.P.V
AT
Act
, 20
05V
alue
Add
ed
Tax
and
Inte
rest
581.
23Ju
ly 2
012
to A
ugus
t 20
13
3T.
N.G
.S.T
Act
Tam
ilnad
u S
ales
Tax
51.8
8M
arch
199
9 to
Feb
200
0
4G
oa G
.S.T
Act
, 19
56G
oa S
ales
Tax
13.8
7F
eb.1
999
to F
eb 2
000
5A
.P.G
.S.T
.Act
, 195
6C
onsi
gnm
ent
Sal
es T
ax16
.82
1998
-99
to 2
003-
04
(Con
sign
men
t Age
nts
in
Diff
eren
t Sta
tes)
6C
ST
Act
, 19
56C
entr
al S
ales
Tax
11.5
120
08-0
9
7A
.P. P
rofe
ssio
n Ta
x A
ct,1
987
Pro
fess
ion
Tax
Col
lect
ions
1.13
Oct
ober
200
0 to
Aug
ust
2005
8In
com
e Ta
x A
ct, 1
961
I.T.
D.S
from
Inte
rest
14.3
020
04-0
5 to
, 20
05-0
6 &
201
3-14
9In
com
e Ta
x A
ct, 1
961
I.T.
D.S
from
Pro
fess
iona
ls1.
0820
04-0
5 &
A
pril
2013
to A
ugus
t, 2
014
10
Inco
me
Tax
Act
, 196
1I.
T.D
.S fr
om C
ontr
acto
rs1.
9720
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1 &
200
1-02
11In
com
e Ta
x A
ct, 1
961
I.T.
D.S
from
Con
trac
tors
6.20
2004
-05
& A
pr 2
013
to A
ugus
t 20
14
12
Inco
me
Tax
Act
, 196
1T.
C.S
. on
Roy
alty
20.8
7Ju
ly 2
010
to A
ugus
t 20
14
13
Inco
me
Tax
Act
, 196
1In
com
e Ta
x11
.22
2008
-09
152.
4720
11-1
2
306.
2620
12-1
3
14
E.P
.F A
ct,
1952
P.F.
Rec
over
ies
and
90.0
0A
pril
2005
to
Mar
ch 2
014
Con
trib
utio
ns
P.F.
Rec
over
ies
and
27.4
5A
pril
2014
to
Aug
ust
2014
Con
trib
utio
ns
P.F.
Pen
al D
amag
es23
0.70
Up
to 2
005
15
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Cen
tral E
xcis
e A
ct,1
944
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ise
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y &
Ces
s26
.88
July
& A
ugus
t 20
12
16
The
Fin
ance
Act
,199
4S
ervi
ce T
ax &
Ces
s2.
90A
pril
2012
to
Aug
ust
2013
17
A.P.
Pan
chay
at R
aj Ta
x Act
,199
4P
rope
rty
Tax
4.62
2004
-05
18
Min
es a
nd M
iner
als
Act
,195
7R
oyal
ity o
n Li
mes
tone
777.
4420
05-0
6 to
Aug
- 2
014
19
Min
es a
nd M
iner
als
Act
,195
7C
ess
on R
oyal
ty41
.86
2006
-07
to A
ug -
201
4
20
NA
LA A
ct,1
963
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Agr
icul
ture
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d Ta
x0.
5819
99-2
000
Sta
tem
en
t o
f arr
ears
of
sta
tuto
ry d
ues o
uts
tan
din
g a
s a
t 31.0
3.2
015 f
or
mo
re t
han
six
mo
nth
s:
Nam
e o
f th
e
Sta
tute
Natu
re o
f th
e D
ues
Am
ou
nt
Rs.
Lakhs
Period t
o w
hic
h
the a
mou
nt
rela
tes
Nam
e o
f th
e
Sta
tute
Natu
re o
f th
e D
ues
Am
ou
nt
Rs.
Lakhs
(Net
of
Paym
ents
)
Peri
od t
o
Whic
h t
he
am
oun
t re
late
s
Foru
m w
here
dis
pute
is p
endin
g
1T
NG
ST
Act
,Ta
miln
adu
Sal
es T
ax5.
5619
94-9
5R
eman
ded
to A
sses
sing
1956
Offi
cer
by t
he A
ppel
late
Trib
unal
2T
he C
entr
alC
EN
VA
T c
redi
ts a
vaile
d on
232.
36F
eb.9
7 to
Com
mis
sion
er (A
ppea
ls)
Exc
ise
Act
, 194
4D
.G.S
ets
disa
llow
ed b
y th
e D
ept.
June
199
9
3.d
o.C
EN
VA
T c
redi
t ava
iled
4.37
1994
-95
A.P
. Hig
h C
ourt
on re
frac
tory
bric
ks
4.d
o.C
EN
VAT
cred
it av
aile
d on
ser
vice
tax
24.5
2D
ec. 0
6 to
Com
mis
sion
er, T
irupa
tipa
id o
n ou
twar
d fr
eigh
tA
ug. 0
7
5.d
o.C
EN
VAT
cred
it av
aile
d on
ser
vice
tax
28.5
4S
ep. 0
7 to
Com
mis
sion
er, T
irupa
tipa
id o
n ou
twar
d fr
eigh
tF
eb. 0
8
6.d
o.C
EN
VAT
cred
it av
aile
d on
ser
vice
tax
12.8
8A
pr. 2
009
toC
omm
issi
oner
, Tiru
pati.
paid
on
outw
ard
frei
ght
Oct
. 200
9
7.d
o.Diff
erentia
l Duty f
or S
uppl
ies
40.6
3M
ar. 2
007
toA
ppea
l in
CE
STA
T, B
enga
luru
mad
e to
Dire
ct p
artie
sF
eb. 2
008
8T
he C
entr
alD
uty
on c
aptiv
e co
nsum
ptio
n1.
4620
07-0
8A
ppea
l in
CE
STA
T, B
enga
luru
Exc
ise
Act
,194
4
9.d
o.D
uty
on c
aptiv
e co
nsum
ptio
n0.
8720
08-0
9A
ppea
l in
CE
STA
T, B
enga
luru
10.d
o.D
iffer
entia
l Dut
y on
D.G
.Set
42.3
720
07-0
8A
ppea
l in
CE
STA
T, B
enga
luru
11.d
o.D
iffer
entia
l Dut
y on
D.G
.Set
10.2
420
04-0
5A
.P.H
igh
Cou
rt
12.d
o.C
enva
t on
Cap
ital G
oods
42.1
120
08-0
9 &
App
eal i
n C
ES
TAT
(TM
T B
ars)
2009
-10
Ben
galu
ru
13.d
o.Diff
erentia
l Duty o
n hi
gh34
.32
Aug
ust 2
012
Add
l. C
omm
issi
oner
,se
as im
port
ed c
oal
Gun
tur
14do
.C
EN
VA
T o
n S
ervi
ce35
.18
Nov
. 200
9 to
Add
l. C
omm
issi
oner
,Ta
x on
out
war
d G
TAD
ec. 2
010
Tiru
pati
15.d
o.Diff
erentia
l Duty f
or S
uppl
ies
383.
80A
pr. 2
008
toA
ppea
l in
CE
STA
Tm
ade
to D
irect
Par
ties
Oct
. 201
1B
enga
luru
16.d
o.Diff
erentia
l Duty f
or S
uppl
ies
246.
81N
ov. 2
011
toC
omm
issi
oner
, Tiru
pati
mad
e to
Dire
ct P
artie
sD
ec. 2
013
17In
com
e Ta
xC
apita
l Gai
ns T
ax o
n La
nd33
09.5
020
05-0
6C
IT A
ppea
ls, H
yder
abad
Act
, 196
1D
evel
opm
ent A
gree
men
ts
18In
com
e Ta
xM
AT
on
Boo
k P
rofit
of
878.
6820
07-0
8C
IT A
ppea
ls, H
yder
abad
Act
, 196
1S
ick
Com
pany
19A
P V
AT
Pen
alty
for
dela
y in
58.2
720
11-1
2R
eque
st fo
r w
aive
rA
ct, 2
005
Pay
men
t of T
ax b
efor
e55
.78
2012
-13
befo
re th
e G
ovt.
of A
.P.
Due
dat
es10
.80
June
201
319
.69
2004
-15
20M
ines
& M
iner
alP
enal
Inte
rest
on
1249
.75
May
. 200
6 to
Rev
isio
n ap
plic
atio
n fo
r w
aive
rA
ct,1
957
Roy
alty
due
sM
ar. 2
015
befo
re th
e D
ept /
Min
istry
of M
ines
21T
he E
lect
ricty
Fue
l Sur
char
ge30
.08
2008
-09
Sup
rem
e C
ourt
of I
ndia
Act
, 200
3A
djus
tem
ent (
FS
A)
Cha
rges
23.4
8A
pr. 2
009
toH
igh
Cou
rt o
f A.P
.Ju
n 20
09H
yder
abad
(b)
Accord
ing t
o t
he i
nfo
rmation a
nd e
xpla
nation
s g
iven t
o u
s,
the
fo
llo
win
g a
re t
he s
tatu
tory
du
es
wh
ich
hav
e n
ot
been
dep
osit
ed
on
acco
un
t o
f d
isp
ute
:
Sl.
No.
Sl.
No.
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
39
40
c.
Accord
ing t
o t
he i
nfo
rmation a
nd e
xpla
nations g
iven t
o u
s,
during t
he y
ear
under
report
, th
ere
are
no a
mounts
whic
h r
equire t
o t
ransfe
r to
the I
nve
sto
r E
ducation a
nd P
rote
ction F
und.
(viii
)In
our
opin
ion,
the a
ccum
ula
ted losses o
f th
e c
om
pany
have
exc
eeded
fift
y perc
ent
of
its n
et
wort
h
as a
t 31
st M
arc
h, 2015. T
he c
om
pany
has in
curr
ed c
ash loss o
f R
s.9
23.0
3 lakhs d
uring the f
inancia
l
year
cove
red b
y our
audit a
nd n
ot
incurr
ed c
ash l
oss
in t
he i
mm
edia
tely
pre
cedin
g f
inancia
l ye
ar.
(ix)
In o
ur
opin
ion
and a
ccord
ing t
o t
he
info
rmation
and
exp
lanations g
iven t
o u
s,
the C
om
pany
has
not
defa
ulted in r
epaym
ent
of
dues t
o B
anks e
xcept
dela
ys i
n p
ay
men
t o
f in
tere
st
an
d t
erm
lo
an
insta
llm
en
ts t
o b
an
ks a
nd
an
am
ou
nt
of
Rs.2
22.8
1
lakh
s o
uts
tan
din
g t
ow
ard
s i
nte
rest
an
d
insta
llm
en
ts o
f te
rm l
oan
s a
t th
e y
ear
en
d o
n 3
1.0
3.2
015
(x)
In o
ur
opin
ion
an
d a
ccord
ing t
o t
he i
nfo
rmation a
nd
expla
nation
s g
iven
to u
s,
the c
om
pan
y h
as
giv
en g
uara
nte
es f
or
loan
s t
aken b
y C
hera
n C
em
en
t Lim
ited f
rom
fin
an
cia
l in
stitu
tion (
SIP
CO
T)
and b
y M
/s S
.P.Y
. A
gro
Industr
ies L
imited f
rom
Sta
te B
ank o
f In
dia
, S
tate
Bank o
f H
ydera
bad;
Bank
of
India
, S
yndic
ate
Bank,
India
n O
vers
eas B
ank,
Centr
al B
ank o
f In
dia
and C
anara
Bank
and t
he
term
s a
nd c
onditio
ns o
f th
e g
uara
nte
es g
iven a
re n
ot
prim
a f
acie
, pre
judic
ial
to t
he i
nte
rest
of
the
com
pan
y.
(xi)
In o
ur
opin
ion a
nd a
ccord
ing to t
he info
rmation a
nd e
xpla
nations g
iven t
o u
s,
the t
erm
loans r
eceiv
ed
during t
he y
ear
were
applie
d f
or
the p
urp
ose f
or
whic
h t
he l
oans w
ere
obta
ined,
(xii)
Accord
ing t
o t
he info
rmation a
nd e
xpla
nations g
iven t
o u
s,
no m
ate
rial fr
aud o
n o
r by
the C
om
pany
has b
een n
oticed o
r re
port
ed d
uring t
he y
ear.
Fo
r B
rah
may
ya &
Co
.,
Ch
art
ere
d A
ccoun
tan
ts
Fir
m’s
Reg
istr
ation N
o.0
0051
4S
B.D
AIV
AD
HE
EN
AM
RE
DD
Y
Pa
rtn
er
M.N
o.0
26
45
0
Pla
ce:
Nandyal
(Cam
p)
Date
30
th M
ay,
2015
BA
LA
NC
E S
HE
ET
AS
AT
31
st M
AR
CH
, 2015
Sl.
No.
Part
icula
rsN
ote
No.
As a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
IEQ
UITY A
ND LIA
BILITIE
S(a
) S
hare
Cap
ital
116
214
1085
.00
1621
410
85.0
0(b
) R
eser
ves
and
Sur
plus
2-1
756
2892
.26
1362
277
67.8
5(c
) M
oney
rec
eive
d ag
ains
t sh
are
war
rant
s-
-14
457
8192
.74
2983
688
52.8
5
(2) Sha
re appl
ication
money
pendi
ng allo
tment
(3) No
n-curr
ent lia
bilities
(a)
Long
-ter
m b
orro
win
gs3
5072
877
85.1
059
344
4538
.74
(b)
Def
erre
d ta
x lia
bilit
ies
(Net
)4
4139
357
6.00
4139
357
6.00
(c)
Oth
er L
ong
term
liab
ilitie
s5
7109
872
2.71
9909
178
1.98
(d)
Long
-ter
m p
rovi
sion
s-
-61
978
0083
.81
7339
298
96.7
2
(4) Cu
rrent l
iabiliti
es(a
) S
hort
-ter
m b
orro
win
gs6
3075
766
37.7
630
701
3202
.76
(b)
Tra
de p
ayab
les
716
724
1501
.63
9558
529
9.14
(c)
Oth
er c
urre
nt li
abili
ties
891
479
0902
.84
6432
579
58.7
9(d
) S
hort
-ter
m p
rovi
sion
s9
3000
000
0.00
5000
000
0.00
1419
609
042.
2310
9585
646
0.69
TO
TAL218
396731
8.78
212815
5210.2
6II
ASSE
TS(1)
Non-c
urrent
Asset
s:(a
) F
ixed
Ass
ets
10
(i) T
angi
ble
Ass
ets
7281
997
47.5
771
256
3698
.82
(ii)
Inta
ngib
le A
sset
s0.
000.
00(ii
i) C
apita
l wor
k-in
-pro
gres
s25
043
1554
.27
9786
313
01.8
431
199
8267
.54
1024
561
966.
36(iv
) In
tang
ible
ass
ets
unde
r de
velo
pmen
t-
-(b
) N
on-c
urre
nt in
vest
men
ts11
3816
200
.00
3816
200
.00
(c)
Def
erre
d ta
x as
sets
(net
)-
-(d
) Lo
ng-t
erm
loan
s an
d ad
vanc
es1
243
693
7440
.75
3873
531
62.0
2(e
) O
ther
non
-cur
rent
ass
ets
--
(2) Cu
rrent A
ssets:
(a)
Cur
rent
inve
stm
ents
in la
nd p
rope
rty
9423
740
.00
9423
740
.00
(b)
Inve
ntor
ies
13
2282
067
58.7
917
427
0331
.40
(c)
Tra
de r
ecei
vabl
es1
413
720
2582
.05
1068
718
02.6
5(d
) C
ash
and
Cas
h eq
uiva
lent
s1
527
9897
93.
5123
8193
73.
32(e
) S
hort
ter
m lo
ans
and
adva
nces
16
3610
160
72.8
439
791
3787
.51
(f)
Oth
er c
urre
nt a
sset
s1
774
342
9.00
7645
823
76.1
912
484
7.00
7124
238
81.8
8
TO
TAL218
396731
8.78
212815
5210.2
6S
igni
fican
t Acc
ount
ing
polic
ies
and
Not
es to
Acc
ount
s2
5
Pla
ce: N
andya
l
Date
: 30.0
5.2
015
B.
DA
IVA
DH
EE
NA
M R
ED
DY
Part
ner
M.N
O:0
26450
V.
SU
RE
SH
KU
MA
R
Directo
r
S.
SR
EE
DH
AR
RE
DD
Y
Managin
g D
irecto
r
For
and o
n b
ehalf o
f th
e B
oard
M/s
. P
anya
m C
em
ents
& M
inera
l In
dustr
ies L
imited
As P
er
our
Report
of eve
n d
ate
attached
Fo
r B
rah
mayya &
Co
.,
Chart
ere
d A
ccounta
nts
F.R
NO
:000514S
Am
ou
nt
in R
up
ees
Note
s "
1"
to "
17"
and N
ote
No. 25 A
nnexe
d form
an Inte
gra
l part
of B
ala
nce S
heet
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
S.
NA
GE
SH
WA
RA
RE
DD
Y
Chie
f F
inancia
l Offic
er
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
41
42
STATEM
ENT O
F PRO
FIT AN
D LOS
S FOR
THE Y
EAR E
NDED
31st MA
RCH,
2015
Sl.
No.
Part
icula
rsN
ote
No.
For
the
Year
End
ed
31.0
3.2
015
For
the
Year
End
ed
31.0
3.2
014
IR
even
ue f
rom
Ope
ratio
ns1
888
983
1092
.62
4765
080
05.0
0
IIO
ther
Inc
ome
19
5231
328
9.33
4575
322
3.85
IIITot
al Reve
nue (I+
II)94
214
4381
.95
5222
612
28.8
5
IVExp
enses:
a)C
ost
of m
ater
ials
con
sum
ed2
019
519
1205
.83
6417
683
8.69
b)P
urch
ases
of
Sto
ck-in
-Tra
de-
-c)
Cha
nges
in in
vent
orie
s of
fin
ishe
d go
ods
21
-184
819
65.0
024
2824
39.
00
wor
k-in
-pro
gres
s an
d st
ock
in T
rade
d)E
mpl
oyee
ben
efits
exp
ense
s2
278
1900
09.
5582
0417
60.
44e)
Fin
ance
cos
ts2
311
794
3068
.76
1293
218
55.6
3
f)D
epre
ciat
ion
and
amor
tizat
ion
expe
nse
10
5925
038
0.66
6614
994
1.50
g)O
ther
exp
ense
s2
466
160
5303
.26
4809
665
18.2
2
Total E
xpense
s10
9369
800
3.06
8469
393
53.4
8
VP
rofit
/(Lo
ss)
befo
re e
xcep
tiona
l and
ext
raor
dina
ry-1
515
536
21.1
1-3
246
781
24.6
3ite
ms
and
tax
(III
-IV
)
VIE
xcep
tiona
l ite
ms
0.00
2820
969
85.0
0
VIIP
rofit
/(Los
s) b
efor
e ex
traor
dina
ry it
ems
and
tax
(V-V
I)-1
515
536
21.1
1-4
258
1139
.63
VIIIE
xtra
ordi
nary
Ite
ms
--
IXP
rofit
/(Lo
ss)
befo
re ta
x (V
II-V
III)
-151
553
621
.11
-425
811
39.6
3
XTa
x ex
pens
e:(1
) C
urre
nt t
ax-
-(2
) D
efer
red
tax
--
XIP
rofit
/(Lo
ss)
for
the
per
iod
from
con
tinui
ng-1
515
536
21.1
1-4
258
1139
.63
oper
atio
ns (
IX-X
)
XIIP
rofit
/(lo
ss)
from
dis
cont
inui
ng o
pera
tions
--
XIIITa
x ex
pens
e of
dis
cont
inui
ng o
pera
tions
--
XIVP
rofit
/(lo
ss)
from
Dis
cont
inui
ng o
pera
tions
--
(aft
er ta
x) (
XII
-XII
I)
XVPro
fit/(Los
s) for t
he per
iod (XI
+XIV)
-151
553
621
.11
-425
811
39.6
3
XVIE
arni
ngs
per
equi
ty s
hare
: fa
ce v
alue
Rs.
10/-
eac
h(1
) B
asic
(L
oss)
-9.4
8-2
.67
(2)
Dilu
ted
(Los
s)-9
.48
-2.6
7S
igni
fican
t Acc
ount
ing
Pol
icie
s2
5an
d N
otes
to A
ccou
nts
Note
s “18” to
“24” and N
ote
No:2
5 A
nnexe
d form
an in
tegra
l part
of S
tate
ment o
f P
rofit a
nd L
oss
Pla
ce: N
andya
l
Date
: 30.0
5.2
015
B.
DA
IVA
DH
EE
NA
M R
ED
DY
Part
ner
M.N
O:0
26450
As P
er
our
Report
of eve
n d
ate
attached
Fo
r B
rah
mayya &
Co
.,
Chart
ere
d A
ccounta
nts
F.R
NO
:000514S
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
No. 1
- SHAR
E CAP
ITAL
EQUIT
Y SHA
RE CA
PITAL
1.1AU
THOR
ISED:
a)1,
85,0
0,00
0 E
quity
sha
res
of R
s.10
/- e
ach
1850
000
00.0
018
500
0000
.00
ISSUE
D:b)
1,39
,32,
770
Equ
ity S
hare
s of
Rs.
10/-
each
1393
277
00.0
013
932
7700
.00
20,9
0,90
9 E
quity
Sha
res
of R
s.10
/- e
ach
at a
2090
909
0.00
2090
909
0.00
prem
ium
of
Rs.
45/-
eac
h
SUBS
CRIBE
D AND
FULLY
PAID
c)1,
60,1
8,13
9 E
quity
Sha
res
of R
s.10
/-ea
ch16
018
1390
.00
1601
813
90.0
0
SUBS
CRIBE
D BUT
NOT F
ULLY
PAID
d)55
40 E
quity
sha
res
of R
s.10
/- e
ach
CALLS
UNPAI
De)
FORE
FITED
SHAR
ESf)
Am
ount
rec
eive
d on
for
feitu
re o
f 55
40 e
quity
shar
es o
rigin
aly
issu
ed29
795.
0029
795.
00
TOTAL
1602
111
85.0
016
0211
185
.00
PREFE
RENC
E SHA
RE CA
PITAL
1.2
AUTH
ORISE
D:a)
5500
- 1
5%
Red
eem
able
”A’ C
umul
ativ
e55
000
0.00
5500
00.
00
P
refe
renc
e S
hare
s of
Rs.
100/
- ea
ch
2350
0 -
15%
Red
eem
able
‘B’ C
umul
ativ
e23
500
00.0
023
500
00.0
0
P
refe
renc
e S
hare
s of
Rs.
100/
-eac
h21
000
- 14
% R
edee
mab
le ‘C
’ Cum
ulat
ive
2100
000
.00
2100
000
.00
Pre
fere
nce
Sha
res
of R
s.10
0/-e
ach
2500
00 -
Pre
fere
nce
Sha
res
of R
s.10
0/-e
ach
2500
000
0.00
2500
000
0.00
3000
000
0.00
3000
000
0.00
ISSUE
D:b)
2094
2-
14%
Red
eem
able
‘C’ C
umul
ativ
e20
942
00.0
020
942
00.0
0
Pre
fere
nce
Sha
res
of R
s.10
0/-e
ach
SUBS
CRIBE
D AND
FULLY
PAID
c)19
299
- 14
% R
edee
mab
le ‘C
’ Cum
ulat
ive
1929
900
.00
1929
900
.00
P
refe
renc
e S
hare
s of
Rs.
100/
-eac
h
TOTAL
192990
0.00
192990
0.00
d)S
UB
SC
RIB
ED
BU
T N
OT
FU
LLY
PA
ID
TOTAL
SHAR
E CAP
ITAL (1
.1+1.2
)162
141085
.00162
141085
.00
Am
ou
nt
in R
up
ees
Am
ou
nt
in R
up
ees
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
V.
SU
RE
SH
KU
MA
R
Directo
r
S.
SR
EE
DH
AR
RE
DD
Y
Managin
g D
irecto
r
For
and o
n b
ehalf o
f th
e B
oard
M/s
. P
anya
m C
em
ents
& M
inera
l In
dustr
ies L
imited
S.
NA
GE
SW
AR
A R
ED
DY
Chie
f F
inancia
l Offic
er
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
RECO
NCILIA
TION O
F NUM
BER O
F SHA
RES
OUTST
ANDIN
G1.3
EQUIT
Y SHA
RES
No. of
Share
sNo
. of Sh
ares
a)A
t th
e be
ginn
ing
of t
he y
ear
1601
8139
1601
8139
Add
: Is
sued
dur
ing
the
year
Less
:Bou
ght
back
dur
ing
the
year
At
the
end
of t
he y
ear
1601
8139
1601
8139
PREFE
RENC
E SHA
RES
b)A
t th
e be
ginn
ing
of t
he y
ear
1929
919
299
Add
: Is
sued
dur
ing
the
year
Less
:Red
eem
ed d
urin
g th
e ye
arA
t th
e en
d of
the
yea
r19
299
1929
9
1.4LIS
T OF S
HARE
HOLD
ERS H
OLDIN
G MOR
E THA
N5%
SHAR
ESa)
EQUIT
Y SHA
RES
%No
. of Sh
ares
%No
. of Sh
ares
S.P
.Y. R
eddy
10.0
016
8140
410
.00
1681
404
S.
Sre
edha
r R
eddy
11.0
017
4442
311
.00
1717
876
V.
Sur
esh
12.0
018
4375
212
.00
1843
752
S.
Par
vath
i6.
009
2186
16.
009
2186
1
S.
Suj
ala
7.00
1106
274
7.00
1106
274
V. A
ravi
nda
Ran
i6.
0010
3308
16.
0010
3308
1C
opth
al M
aurit
ius
Inve
stm
ent
Lim
ited
9.00
1380
700
9.00
1380
700
b)PR
EFERE
NCE S
HARE
SLi
fe I
nsur
ance
Cor
pora
tion
of I
ndia
72.0
013
891
72.0
013
891
Orie
ntal
Fire
& G
ener
al I
nsur
ance
Co.
Ltd.
28.0
05
390
28.0
05
390
1.5
Th
e C
om
pan
y h
as n
o S
ubs
idar
ies/
Ass
oci
ates
and
has
no
Hol
ding
Com
pany
1.6
Equ
ity S
hare
s is
sued
,sub
scrib
ed a
nd f
ully
pai
d up
inc
lude
s9,
17,7
40 e
quity
sha
res
of R
s.10
/- e
ach
whi
ch w
ere
allo
ted
asfu
lly p
aid
up fo
r co
nsid
erat
ion
othe
r th
an c
ash
purs
uant
to
the
Sch
eme
of A
ma
lgam
atio
n of
the
ers
twhi
le D
ecca
n W
ire
sLi
mite
d w
ith t
he C
ompa
ny d
urin
g th
e ye
ar 1
980-
81
1.7
Equ
ity S
hare
s is
sued
,sub
scrib
ed a
nd f
ully
pai
d up
inc
lude
s20
,90,
909
eq
uity
sha
res
of R
s.10
/- e
ach
at a
pre
miu
m o
fR
s.45
/- e
ach
whi
ch w
ere
allo
tted
on
pref
eren
cial
allo
ttm
ent t
o
prom
oter
s gr
oup
on 0
1.03
.200
7
1.8
C’
Cu
mu
lati
ve P
refe
ren
ce
Sh
are
s h
av
e f
alle
n d
ue
fo
rre
dem
ptio
n on
25.
07.1
999
and
the
Com
pany
has
req
uest
edth
e in
stitu
tiona
l sha
reho
lder
s fo
r ext
ensi
on o
f rep
aym
ent p
erio
d
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
NO - 2
RESER
VES AN
D SUR
PLUS
(a)
Cap
ital
Res
erve
-ope
ning
bal
ance
2297
178
14.5
022
971
7814
.50
(b)
Cap
ital
Red
empt
ion
Res
erve
-ope
ning
bal
ance
7419
300
.00
7419
300
.00
(c)
Sec
uriti
es P
rem
ium
Res
erve
-ope
ning
bal
ance
9415
590
5.00
9415
590
5.00
(d)
Deb
entu
res
Red
empt
ion
Res
erve
-ope
ning
bal
ance
0.00
0.00
(e)
Rev
alua
tion
Res
erve
0.00
0.00
(f)
Sha
re O
ptio
ns O
utst
andi
ng A
ccou
nt0.
000.
00Oth
er Rese
rves
(g)
Gen
eral
Res
erve
-ope
ning
bal
ance
0.00
0.00
(h)
Sur
plus
-Bal
ance
in S
tate
men
t of P
rofit
and
Los
s-O
peni
ng b
alan
ce-1
950
652
51.6
5-1
524
8411
2.02
Add
/(Le
ss):
Pro
fit/(
Loss
) fo
r th
e Y
ear
from
Sta
tem
ent
-151
553
621
.11
-425
811
39.6
3of
Pro
fit a
nd L
oss
Add
/(Le
ss):
Bal
ance
val
ue o
f fix
ed A
sset
s us
eful
life
is o
ver
-223
7039
.00
0.00
as p
er C
ompa
nies
Act
201
3-3
488
559
11.7
6-1
950
652
51.6
5
-34885
5911.7
6-19
506525
1.65
TOTAL
-17562
892.26
136227
767.85
NOTE
NO - 3
LONG
TERM
BORR
OWING
S :SE
CURE
D:3.
1Ter
m Loan
s from
Banks
i)Ind
ian Ov
erseas
Bank
Term
Loa
n II
.Rs.
10.5
0 C
rore
s re
paya
ble
in 2
8 Q
uart
erly
2621
934
1.00
3746
934
1.00
inst
allm
ents
of R
s.37
.50
lakh
s fr
om D
ec,2
010.
Term
Loa
n II
I.R
s.1.
50 C
rore
s re
paya
ble
in 2
4 Q
uart
erly
6875
000
.00
8750
000
.00
inst
allm
ents
of R
s.6.
25 la
khs
from
Dec
,201
2
ii)Sta
te Bank
of Hyd
erabad
Term
Loa
n I
Rs.
21.7
0 cr
ores
rep
ayab
le in
22
quar
terly
0.00
3952
549
3.75
inst
allm
ents
of
Rs.
98.5
0 la
khs
from
Dec
’201
0
Term
Loa
n II
R
s.5.
40 c
rore
s re
paya
ble
in 2
4 qu
arte
rly16
2653
67.
000.
00in
stal
lmen
ts o
f R
s.54
.64
lakh
s fr
om O
ctob
er 2
012
iii)Sta
te Bank
of Ind
ia70
0000
00.
0083
1765
29.
00Te
rm L
oan
Rs.
10.0
0 C
rore
s re
paya
ble
in 2
0 qu
arte
rlyin
stal
men
ts o
f R
s.37
.50
lakh
s fr
om A
pril
2014
and
4 in
stal
men
ts o
f R
s 62
.50
lakh
s fr
om A
pril
2019
.
CORP
ORATE
LOAN
Si)
State B
ank of
India-N
andyal
-Rs.
6.50
Cro
res
5719
705
6.00
0.00
repa
yabl
e in
7 Q
uart
erly
inst
alm
ents
of R
s.26
.00
lakh
s fro
m S
ept 2
015
to M
arch
201
7,4
Inst
allm
ents
of R
s 31
.20
lakh
s fro
m J
une
2017
to M
arch
201
8,4
inst
allm
ents
of R
s.52
.00
lakh
s fr
om J
une
2018
to M
arch
201
9an
d 2
inst
allm
ents
of R
s. 6
7.60
lakh
s fro
m J
une
2019
to S
ept 2
019
ii)Sta
te Bank
of Hyd
erabad
- R
s. 3
.00
Cro
res
2640
000
0.00
0.00
repa
yabl
e in
7 Q
uart
erly
inst
alm
ents
of R
s.12
.00
lakh
s fro
m S
ept 2
015
to M
arch
201
7,4
Inst
allm
ents
of R
s 14
.50
lakh
s fro
m J
une
2017
to M
arch
201
8,4
inst
allm
ents
of R
s.24
.00
lakh
s fr
om J
une
2018
to M
arch
201
9an
d 2
inst
allm
ents
of R
s. 3
1.00
lakh
s fro
m J
une
2019
to S
ept 2
019
TO
TAL202
956764
.00168
921363
.754
34
4
Am
ou
nt
in R
up
ees
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
3.2Hir
e Purc
hase F
inance
For p
urch
ase
of E
quip
men
t and
Veh
icle
s un
der h
ypot
heca
tion
0.00
3273
636
.41
2029
567
64.0
017
2195
0001
6UN
SECU
RED:
3.4
Deferr
ed Pay
ment l
iabiliti
esR
oyal
ty p
ayab
le a
s on
31
.03.
2005
of
Rs.
368
lakh
s0.
0058
626
63.0
0de
ferr
ed f
or p
aym
ent
for
8 ye
ars
in m
onth
ly in
stal
lmen
tsfr
om 2
4.05
.200
8 as
per
Ord
er d
ated
24.
05.2
006
3.5
Loan
s an
d ad
vanc
es f
rom
rel
ated
par
ties
3043
310
21.1
040
754
3004
.58
From
pro
mot
ors
grou
p co
ntrib
utio
n to
app
rove
d P
roje
ct S
chem
e.
3.6
Loans
and Ad
vances
from O
thers
----
----
-78
4387
1.0
0-
3043
310
21.1
042
124
9538
.58
TOTAL
507287
785.10
593444
538.74
3.7
The
re w
ere
no lo
ng t
erm
Deb
entu
res,
Dep
osits
and
Fin
ance
Leas
e ob
ligat
ions
.
3.8
The
fol
low
ing
are
over
due
inst
allm
ents
of
term
loa
ns a
ndin
tere
st d
ues
as o
n 31
.03.
2015
and
31.
03.2
014
whi
ch a
rein
clud
ed u
nder
Oth
er C
uren
t Li
abili
ties
Term
loa
ns f
rom
Ban
ks -
Inst
allm
ents
of
Rs.
1,42
,25,
000/
-(P
revi
ous
Yea
r R
s.2,
03,1
3,60
0/-)
and
Inte
rest
for
the
mon
thof
Mar
ch R
s.80
,56,
426.
81 (
prev
ious
yea
r R
s.85
,51,
476/
-)
Hire
Pur
chas
e F
inan
ce -
Ins
tallm
ents
of
Rs.
48,5
9,75
7.81
(Pre
vio
us
Ye
ar
Rs
.44
,07
,67
5/-
) a
nd
In
tere
st
du
es
of
Rs.
1,60
,199
.19
(Pre
viou
s ye
ar R
s.5,
65,2
80/-
)
3.9
SECUR
ITY:
a)Ter
m Loan
s and
Corpo
rate Lo
ans fro
m Bank
s: Sec
ured
by f
irst
pari
pasu
cha
rge
on a
ll th
e fix
ed a
sset
s an
d se
cond
char
ge o
n al
l Cur
rent
Ass
ets
of t
he C
om
pa
ny
an
d a
lso
pe
rso
na
l gu
ran
tee
of
Sri
.S.P
.Y.
Re
ddy
, S
ri.S
.Sre
edh
ar
Red
dy,
Man
agin
g D
irect
or a
nd
Sri
. V
.Ra
man
ath
,Dir
ect
or
and
Ekn
ath
Gan
esh,
and
V.V
enka
ta R
ao,
Sha
re h
olde
rs)
b)Hir
e Purc
hase F
inance
: Se
cure
d b
y h
ypot
hec
atio
n o
feq
uipm
ent
and
vehi
cles
pur
chas
ed a
nd p
erso
nal
gura
ntee
of tw
o D
irect
ors
of C
ompa
ny
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
NO: 4
DEFER
RED T
AX LIA
BILITY
(NET)
a)D
efer
red
tax
liabi
lity
as o
n 31
.03.
2015
/31.
03.2
014
in75
2734
06.
0075
2734
06.
00
resp
ect
of ti
min
g di
ffer
ence
aris
ing
on a
ccou
nt o
f di
ffer
ence
betw
een
stra
ight
line
and
writ
ten
dow
n V
alue
met
hods
and
rate
s of
dep
reci
atio
n
b)Le
ss:D
efer
red
tax
asse
t as
on
31.0
3.20
15/3
1.03
.201
4 in
3814
667
2.00
3814
667
2.00
resp
ect
of e
xpen
ses
allo
wab
le U
/s 4
3B o
f IT
Act
, 19
61
c)N
et D
efer
red
Tax
Liab
ility
as
on 3
1.03
.201
5/31
.03.
2014
3712
673
4.00
3712
673
4.00
d)O
peni
ng D
efer
red
Tax
Liab
ility
as
on 0
1.04
.201
4/01
.04.
2013
4139
357
6.00
4139
357
6.00
Net
Def
erre
d Ta
x (A
sset
) / L
iabi
lity
for
the
year
4139
357
6.00
4139
357
6.00
Not
e: D
efer
red
Tax
Ass
et f
or th
e ye
ar w
as n
ot c
onsi
dere
d as
asse
t on
con
side
ratio
n of
pru
dunc
e
NOTE
NO: 5
OTHE
R LON
G TER
M LIAB
ILITIES
5.1
Adv
ance
s ag
ains
t Jo
int
Dev
elop
men
t of
Pro
perty
in
Ban
galo
re31
3996
88.
0028
8996
88.
00
(Res
iden
cial
Fla
ts c
onst
ruct
ion
wor
k un
der
prog
ress
)
5.2
Tra
de D
epos
its f
rom
Dea
lers
2065
735
8.37
2471
135
8.37
(pay
able
aft
er 1
2 m
onth
s fr
om r
epor
ting
date
)
5.3
Cau
tion
Dep
osits
from
con
trac
tors
1146
722
.36
1146
722
.36
(pay
able
aft
er 1
2 m
onth
s fr
om r
epor
ting
date
)
5.4
Adv
ance
s ag
ains
t st
aff
quar
ters
(pe
ndin
g fo
r fin
al s
ettle
men
t)78
145
73.6
980
667
14.6
9
5.5
Oth
er li
abili
ties
1008
038
0.29
3626
729
8.56
(pen
ding
dis
pute
s fo
r se
ttle
men
t an
d le
gal c
ases
)
TOTAL
710987
22.71
990917
81.98
45
46
Am
ou
nt
in R
up
ees
Am
ou
nt
in R
up
ees
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
NO: 6
SHOR
T TER
M BOR
ROWIN
GSSE
CURE
DOth
er loan
s and
advanc
es6.1
From B
anks
a)W
orki
ng c
apita
l Dem
and
Loan
s-
-
b)C
ash
Cre
dits
3075
766
37.7
630
701
3202
.76
TOTAL
307576
637.76
307013
202.76
6.2T
here
wer
e no
loa
ns r
epay
able
on
dem
and
and
shor
t te
rm
depo
sits
/loan
s an
d ad
vanc
es f
rom
rel
ated
par
ties
6.3T
here
was
no
defa
ult
as o
n 3
1.03
.201
5 an
d 31
.03.
2014
in
repa
ymen
t of
loan
s an
d in
tere
st p
aym
ents
on
wor
king
cap
ital
cash
cre
dit
loan
s.
6.4SEC
URITY
Cash C
redits
workin
g capi
tal loa
ns fro
m bank
s: Sec
ured
by h
ypot
heca
tion
of in
vent
ory
of ra
w m
ater
ials
,fin
ishe
d go
ods,
sto
cks
in
-pro
ce
ss
an
d b
oo
k d
eb
ts a
nd
fir
st
pa
ri p
asu
char
ge o
n th
e cu
rren
t ass
ets
and
seco
nd c
harg
e on
fixe
d as
sets
of t
he c
ompa
ny a
nd a
lso
by t
he p
erso
nal
guar
ante
e of
the
abov
e D
irect
ors
and
shar
ehol
ders
giv
en f
or T
erm
Loa
ns.
NOTE
NO: 7
TRAD
E PAYA
BLES
UNSEC
URED
CRED
ITORS
7.1
For
Cap
ital g
oods
--
7.2
For
Sup
plie
s of
raw
mat
eria
ls/s
tore
s an
d sp
ares
etc
1672
415
01.6
395
5852
99.
14
7.3
For
Ser
vice
s-
-
TOTAL
167241
501.63
955852
99.14
7.4
DU
ES
TO
MIC
RO
, S
MA
LL &
ME
DIU
M E
NT
ER
PR
ISE
SA
S R
EQ
UIR
ED
UN
DE
R T
HE
MIC
RO
, S
MA
LL &
ME
DIU
M
EN
TE
RP
RIS
ES
AN
D D
EV
ELO
PM
EN
T A
CT,
200
6(R
efer
Not
es to
Acc
ount
s N
o: 2
5.3)
NOTE
NO: 8
OTHE
R CUR
RENT
LIABIL
ITIES
8.1
Cur
rent
mat
uriti
es o
f lo
ng t
erm
deb
t
SECUR
ED :
a)N
on C
onve
rtib
le D
ebun
ture
s(r
edee
med
dur
ing
the
year
200
5-06
) In
tere
st a
ccru
ed a
nd
due
to J
M C
apita
l Man
agem
ent
Pvt
.Ltd
0.00
1151
110.
00
b)Ter
m Loan
s from
- India
n Over
seas B
ank,
State B
ank of
Hydera
bad an
d State
Bank
of Indi
aIn
stal
lmen
ts p
ayab
le w
ithin
12 m
onth
s af
ter
the
repo
rtin
g da
te83
4005
05.
5310
309
3916
.00
Inte
rest
acc
rued
and
due
on
Term
Loa
ns a
nd in
stal
men
ts d
ue22
2814
26.
8128
8650
75.
79
LC B
ills
Dis
coun
ting
with
Ban
ks49
9000
00.
00-
---
---
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
c)Hir
e Purc
hase F
inance
Inst
allm
ents
pay
able
with
in 1
2 m
onth
s af
ter
the
repo
rtin
g da
te28
205
51.4
124
4945
65.
03
Inte
rest
acc
rued
and
due
on
Hire
Pur
chas
e Lo
ans
and
Inst
alm
ent d
ue50
199
57.0
049
729
55.9
8
UNSE
CURE
D:8.
2D
efer
red
Pay
men
t of
Roy
alty
arr
ears
pay
able
with
in
12 m
onth
s af
ter
the
repo
rtin
g da
te16
4626
63.
0010
6000
00.
00
L &
T F
inan
ce C
orpo
rate
Loa
n In
stal
men
ts p
ayab
le11
509
8.00
4910
586
.30
with
in 1
2 m
onth
s
Inte
rest
acc
rued
and
due
on
abov
e lo
an a
nd in
stal
men
ts d
ue- -
----
-64
704.
70
8.3
OTHE
RSa)
Cau
tion
Dep
osits
from
Dea
lers
/Em
ploy
ees
paya
ble
on d
eman
d30
933
22.4
226
978
28.4
2
b)S
tatu
tory
Due
s to
war
ds R
oyal
ty,
Exc
ise
duty
, Ser
vice
tax,
3250
017
05.7
019
762
8604
.70
VA
T, T
DS
etc
c)E
mpl
oyee
s S
alar
ies,
Bon
us a
nd P
F/
ES
I re
cove
ries
and
6128
235
3.75
5803
244
2.65
cont
ribut
ions
to
Sup
eran
nuat
ion
Fun
d
d)A
dvan
ces
from
cus
tom
ers
1017
767
80.3
850
6555
91.
95
e)P
ower
Cha
rges
and
Oth
er e
xpen
ses
paya
ble
2423
963
72.8
415
380
1411
.27
f)O
ther
Adv
ance
s fr
om T
rans
port
ers/
Cre
dito
rs12
401
66.0
075
136
8462
.09
2289
166
.00
4806
803
35.9
9
TOTAL
914790
902.84
643257
958.79
8.4
The
re w
ere
no c
urre
nt m
atur
ities
of F
inan
ce L
ease
Obl
igat
ions
,
unpa
id D
ivid
ends
,unp
aid
mat
ured
Deb
entu
res
or d
epos
its a
nd
inte
rest
acc
rued
the
reon
, In
com
e re
ceiv
ed i
n ad
van
ce a
nd
App
licat
ion
mon
ey r
ecei
ved
for
allo
tmen
t of
sec
uriti
es.
47
48
NOTE
NO: 9
SHOR
T TER
M PRO
VISION
S9.
1P
rovi
sion
for
em
ploy
ee b
enef
its.
Gra
tuity
and
Lea
ve e
ncas
hmen
t ob
ligat
ion/
cont
ribut
ion
9.2
Oth
ers
a)P
rovi
sion
for
Inco
me
Tax
3000
000
0.00
5000
000
0.00
TOTAL
3000
000
0.00
5000
000
0.00
Am
ou
nt
in R
up
ees
Am
ou
nt
in R
up
ees
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
S.
No.
Partic
ula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE NO: 11NON CURRENT INVESTMENTS
11NON-TRADE INVESTMENTS
a)In G
overnment S
ecurities:
b)In E
quity Shares (Q
uoted and valued at cost)
i)10000 U
nits of Rs.10/- each fully paidup of B
OB
Mutual Fund
10000
0.0010
0000.00
ii)7800 E
quity Shares of V
ijaya Bank at R
s.10/- each85
200.0085
200.00
and 300 Shares at R
s.24/- per share of face value of
Rs.10/- each
iii)900 E
quity Shares of G
ujarat State F
inance Corporation
18000.00
18000.00
of Rs.10/- each at a prem
ium of R
s. 6.16 per share
(Market value not available)
iv)1000 R
edeemable 13%
Preference S
hares of Rs.10/-
10000.00
10000.00
each in Ceat F
inance
v)P
rincipal Focussed A
dvantage Fund, M
umbai 10000
units of Rs.10/- each
(Market value not available)
10000
0.0010
0000.00
31320
0.0031
3200.00
11.2TRADE INVESTMENTS
i)In E
quity Shares (unquoted and valued at cost)
Panyam
Cem
ents Co-O
perative Stores Lim
ited,25
00.0025
00.00
Cem
entnagar
ii)S
ri. Som
appa Co-O
perative House B
uilding Society Lim
ited,50
0.0050
0.00
Ku
rnool
iii)350000 E
quity Shares of R
s.10/-35
00000.00
35000
00.00
each in Cheran C
ement Lim
ited
35030
00.0035
03000.00
TOTAL3816200.00
3816200.00A
ggregate Am
ount of:
Quoted Investm
ents31
3200.00
31320
0.00
Market value of Q
uoted Investments
32197
5.0032
1975.00
Unquoted Investm
ents35
03000.00
35030
00.00
Provision for dim
inution in value of investments
Nil
Nil
Th
ere were
no inve
stmen
ts in S
ubsidiaries, A
ssocia
tes,
Joint Ventures and controlled special purpose E
ntities and
in Preference S
hares, Bonds,D
ebentures,Mutual F
unds and
in Partnership F
irms
Am
ou
nt in
Ru
pees
49
50
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IND
US
TR
IES
LIM
ITE
D
1 Freehold Land 417536 0 0 417536 0 0 0 0 0 417536 417536
2 Buildings-Factory 53384127 0 0 53384127 26547856 2660860 10824 0 29219540 24164587 26836271
3 Building-Residential & Non Factory 13073434 0 0 13073434 10804488 113447 0 0 10917935 2155499 2268946
4 Building-others (Temporary) 752284 0 0 752284 752284 0 0 0 752284 0 0
5 Roads, Culverts and Bridges 2730052 0 0 2730052 906162 578283 72370 0 1556816 1173236 1823890
6 Wells and Water Works 5450780 0 0 5450780 4014170 169196 957512 0 5140877 309902 1436610
7 Platnt and Machinery - Continous Process 960933433 8303137 0 969236570 347254792 34121472 107253 0 381483517 587753053 613678641
8 Plant and Machinery-Power Generation 34069380 0 0 34069380 28366056 1475827 0 0 29841883 4227497 5703324
9 Plant and Machinery-Others 10386749 0 0 10386749 5338390 1022417 0 0 6360807 4025942 5048359
10 Plant and Machinery-Electrical Equipments 23332938 0 0 23332938 22524134 1252 0 0 22525386 807551 808804
11 Plant and Machinery-Others 253989 0 0 253989 60442 29671 0 0 90113 163877 193548
12 Plant and Machinery-Others 0 78484767 0 78484767 0 3728026 0 0 3728026 74756741 0
13 Electrical Installation 6452729 0 0 6452729 6411805 0 0 0 6411805 40923 40923
14 Telephone Installations 552852 0 0 552852 434671 26303 0 0 460974 91878 118181
15 Railway Siding and Weigh Bridge 1389297 0 0 1389297 1023156 78437 0 0 1101593 287704 366141
16 Ropeway 9471240 0 0 9471240 9453952 0 0 0 9453952 17287 17287
17 Quarry Equipment 161190497 0 0 161190497 137789242 6136508 648056 0 144573805 16616692 23401255
18 Workshop Equipment 657815 0 0 657815 649349 0 0 0 649349 8466 8466
19 Laboratory Equipement 729523 0 0 729523 494336 86660 0 0 580996 148527 235187
20 Mining Lease and Mineral Prospects 218226 0 0 218226 216032 0 0 0 216032 2194 2194
21 Computers 8472261 87551 0 8559812 8188990 19209 34053 0 8242252 317560 283271
22 Office Equipments 5866972 40900 0 5907872 5087862 257763 297441 0 5643067 264806 779110
23 Servers & Networks 5049391 0 0 5049391 4140501 429863 0 0 4570364 479027 908890
24 Furniture & Fixtures 5171691 0 0 5171691 4023444 440326 0 0 4463770 707921 1148247
25 Library 48948 0 0 48948 48448 0 0 0 48448 500 500
26 Vehicles 93193770 0 38630196 54563574 66155655 7874859 109528 28837309 45302733 9260842 27038115
Total: 1403249912 86916355 38630196 1451536071 690686216 59250378 2237038 28837309 723336325 728199747 712563696
NOTE TO BALANCE SHEET
NOTE NO. 10 : FIXED ASSETS
Particulars
Amount in Rupees
S.No.
For
The
Year2015
Debited
to
ReserveAccount
Deductions
during
theYear
DEPRECIATION
As at
31st
March2015
NET BLOCK
As at
1st
April2014
Additions
during
theYear
Dedutions
during
theYear
As at
31st
March2015
As at
1st
April2014
GROSS BLOCK
As at
31st
March2015
As at
31st
March2014
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
51
52
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
NO: 12
LONG
TERM
LOAN
S AND
ADVAN
CES:
12.1
.Un
secure
d and
consid
ered g
ood(a
)C
apita
l Adv
ance
s23
9346
80.
6520
1494
40.
50
(b)
Sec
urity
Dep
osits
with
Pow
er D
istr
ibut
ion
Cor
pora
tion
Ltd
2408
599
.00
1092
375
.42
(c)
Inte
r C
orpo
rate
Loa
ns a
nd a
dvan
ces
to r
elat
ed p
artie
s41
059
4161
.10
3661
113
46.1
0
TOTAL
436937
440.75
387353
162.02
NOTE
NO: 13
INVEN
TORIE
S:13
.1R
aw M
ater
ials
1501
160
4.23
7003
727
.81
13.2
Wor
k-in
-pro
gres
s72
2453
04.
0057
0954
47.
00
13.3
Fin
ishe
d G
oods
3454
703
.00
1225
95.
00
13.4
Sto
res
and
spar
es,C
hem
ical
s an
d co
nsum
able
s59
1536
73.
7750
8363
22.
35
13.5
Coa
l and
pac
king
mat
eria
ls24
7190
14.
6925
4327
27.
14
13.6
Coa
l in
tran
sit
5362
245
9.10
3377
951
2.10
TOTAL
228206
758.79
174270
331.40
METH
OD OF
VALU
ATION
OF ST
OCKS
:R
efer
Acc
ount
ing
Pol
icie
s un
der
Not
e N
o:25
NOTE
NO : 1
4TR
ADE R
ECEIV
ABLES
14.1
Tra
de R
ecei
vabl
es o
utst
andi
ng f
or a
per
iod
exce
edin
g si
x m
onth
s fr
om t
he d
ate
due
for
paym
ent
a)U
nsec
ured
and
con
side
red
good
1453
776
62.4
411
504
6883
.04
b)C
onsi
dere
d D
oubt
ful
Less
:P
rovi
sion
for
dou
btfu
l deb
ts10
0000
00.
0010
0000
00.
00
-100
000
00.0
0-1
000
0000
.00
1353
776
62.4
410
504
6883
.04
14.2
Oth
er T
rade
Rec
eiva
bles
:
a)U
nsec
ured
and
con
side
red
good
1824
919
.61
1824
919
.61
TOTAL
137202
582.05
106871
802.65
Am
ou
nt
in R
up
ees
NO
TE
S T
O B
AL
AN
CE
SH
EE
T
Sl.
No.
Part
icula
rsA
s a
t
31.0
3.2
015
As a
t
31.0
3.2
015
As a
t
31.0
3.2
014
As a
t
31.0
3.2
014
NOTE
NO: 15
CASH
AND C
ASH E
QUIVA
LENTS
15.1
Cas
h on
han
d74
317
24.0
070
153
68.0
0
15.2
Bal
ance
s w
ith b
anks
in c
urre
nt a
ccou
nts
1247
340
.51
6394
72.
65
15.3
Bal
ance
with
Ban
ks in
Mar
gin
Mon
ey /
1931
072
9.00
1616
453
2.67
Fix
ed D
epos
its fo
r LC
/BG
15.4
Dep
osit
acco
unts
with
mor
e th
an 1
2 M
onth
s M
atur
ity0.
000.
00
TOTAL
279897
93.51
238193
73.32
NOTE
NO: 16
SHOR
T TER
M LOA
NS AN
D ADVA
NCES
UNSEC
URED
AND C
ONSID
ERED
GOOD
16.1
Inte
r C
orpo
rate
loan
s an
d ad
vanc
es t
o re
late
d pa
rtie
s28
893
3896
.48
2889
338
96.4
8
16.2
Oth
ers
a)A
dvan
ce t
o S
uppl
iers
1610
044
8.60
1635
703
0.12
b)A
dvan
ce t
o E
mpl
oyee
s24
817
3.00
4756
41.
00
c)A
dvan
ce t
o C
ontr
acto
rs &
Tra
nspo
rter
s81
424
4.42
8142
45.
42
d)P
repa
id I
nsur
ance
and
oth
er E
xpen
ses
1600
856
.00
1291
868
.00
e)Te
nder
/Sec
urity
/Tel
epho
ne D
epos
its78
623
52.0
872
787
80.6
6
f)A
dvan
ce E
xcis
e D
utie
s/C
EN
VA
T/V
AT
/Ser
vice
tax
1261
158
8.35
3668
561
8.92
g)A
dvan
ce I
ncom
e ta
x an
d T
DS
2651
934
7.46
4120
286
3.46
h)O
ther
Adv
ance
s63
251
66.4
548
738
43.4
5
3610
160
72.8
439
791
3787
.51
TOTAL
361016
072.84
397913
787.51
NOTE
NO: 17
OTHE
R CUR
RENT
ASSET
S17
.1In
tere
st R
ecei
vabl
e74
342
9.00
1248
47.
00
TOTAL
743429
.00124
847.00
Am
ou
nt
in R
up
ees
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
53
54
NO
TE
S T
O S
TA
TE
ME
NT
OF
PR
OF
IT &
LO
SS
Sl.
No.
Part
icula
rsFo
r th
e Ye
ar E
nded
31.0
3.2
015
For
the
Year
End
ed
31.0
3.2
014
NOTE
NO: 19
- OTH
ER INC
OME
19.1
Inte
rest
on
Ban
k an
d ot
her
depo
sits
1753
428
.33
9212
27.
5719
.2In
tere
st o
n In
ter c
orpo
rate
loan
s an
d ad
vanc
es to
rela
ted
parti
es49
4253
50.
0042
8786
34.
90
19.3
Div
iden
d In
com
e83
00.0
028
350.
0019
.4S
crap
Sal
es0.
000.
0019
.5R
ent
Rec
eipt
s45
465
8.00
4754
33.
00
19.6
Cre
dito
rs w
ritte
n ba
ck a
nd b
ad d
ebts
col
lect
ions
-50
534
2.64
19.7
Pro
fit o
n S
ale
of A
sset
s98
589.
0090
462
0.74
19.8
Oth
er R
ecei
pts
2900
22.
0039
615.
00
19.9
Inco
me
rela
ting
to p
rior
perio
d28
294
2.00
TOTAL
523132
89.33
457532
23.85
NOTE
NO: 20
COST
OF MA
TERIAL
S CON
SUME
D20
.1C
onsu
mpt
ion
of r
aw m
ater
ials
1497
449
79.3
337
0302
62.
69
(Ref
er N
otes
to A
ccou
nt N
o: 2
5)
20.2
Con
sum
ptio
n of
pac
king
mat
eria
ls45
4462
26.
0027
1465
76.
00
TOTAL
195191
205.83
641768
38.69
NOTE
NO : 2
1 - CH
ANGE
S IN INV
ENTO
RIES O
FFIN
ISHED
GOOD
SWO
RK-IN
-PROG
RESS
AND S
TOCK
IN TR
ADE
21.1
CLOS
ING ST
OCKS
a)F
inis
hed
good
s34
547
03.0
012
259
5.00
b)S
tock
-in-p
roce
ss72
2453
04.
0057
0954
47.
00
TOTAL
757000
07.00
572180
42.00
21.2
OPEN
ING ST
OCKS
a)F
inis
hed
Goo
ds12
259
5.00
1509
029
.00
b)S
tock
-in-p
roce
ss57
0954
47.
0079
9914
52.
00
TOTAL
572180
42.00
815004
81.00
NET IN
CREA
SE/(DE
CRESE
) IN ST
OCKS
(NET
TOTAL
)-18
481965
.00242
82439.
00NO
TE NO
:22-EM
PLOYEE
BENE
FITS E
XPENS
ES22
.1S
alar
ies,
Wag
es,B
onus
and
Allo
wan
ces
5809
635
7.84
5846
765
4.13
22.2
Con
trib
utio
n to
ES
I &
Pro
vide
nt F
und
2705
289
.00
2884
835
.00
22.3
Con
trib
utio
n to
Gra
tuity
& S
uper
annu
atio
n S
chem
es40
336
7.00
5934
76.
00
22.4
Sta
ff W
elfa
re e
xpen
ses
1698
499
5.71
2009
579
5.31
TOTAL
781900
09.55
820417
60.44
Am
ou
nt
in R
up
ees
NOTE
NO: 18
- REVE
NUE F
ROM O
PERATI
ONS
18.1
Sal
e of
Man
ufac
ture
d P
rodu
cts
1126
509
878
.62
6175
910
15.0
0Le
ss: E
xcis
e du
ty c
olle
ctio
ns15
037
3559
.00
8259
615
2.00
Less
: Sal
es t
ax c
olle
ctio
ns86
3052
27.
0058
4868
58.
00
Net
Sal
es o
f M
anau
fact
ured
Pro
duct
s88
983
1092
.62
4765
080
05.0
0(R
efer
Not
e N
o: 2
5.13
for
deta
ils o
f P
rodu
ctw
ise
sale
s)
TOTAL
889831
092.62
476508
005.00
NO
TE
S T
O S
TA
TE
ME
NT
OF
PR
OF
IT &
LO
SS
Sl.
No.
Part
icula
rsFo
r th
e Ye
ar E
nded
31.0
3.2
015
For
the
Year
End
ed
31.0
3.2
015
For
the
Year
End
ed
31.0
3.2
014
For
the
Year
End
ed
31.0
3.2
014
NOTE
NO: 23
FINAN
CE CO
STS23
.1Inte
rest E
xpense
sa)
On
Term
Loa
ns23
8772
81.
8128
8445
04.
85b)
On
Wor
king
cap
ital,
cash
cre
dits
and
adh
oc lo
an52
0526
10.
0050
8248
64.
00
c)O
n H
ire P
urch
ase
Loan
s11
059
86.9
526
734
80.9
6d)
Inte
rest
on
Cor
pora
te U
nsec
ured
Loa
ns0.
0018
786
42.8
2e)
On
Oth
ers
3645
240
0.00
4060
883
1.00
1134
882
78.7
612
483
0323
.63
23.2
Oth
er b
orro
win
g co
sts
a)Lo
an p
roce
ssin
g ch
arge
s44
547
90.0
044
915
32.0
0
TO
TAL117
943068
.76129
321855
.63NO
TE NO
: 24 - O
THER
EXPEN
SESC
onsu
mpt
ion
of s
tore
s an
d sp
ares
3269
925
8.88
2261
317
2.57
Pow
er a
nd F
uel
4628
525
63.8
332
000
1060
.52
Ren
t in
clud
ing
Leas
e R
ents
9674
0.00
6120
0.00
Insu
ranc
e11
297
73.0
011
207
58.0
0
Repairs
& Main
tenanc
ea)
Bui
ldin
gs15
400.
000.
00b)
Pla
nt &
Mac
hine
ry24
7016
75.
4010
2168
64.
17c)
Oth
ers
5309
281
.48
300263
56.88
4346
799
.40
145636
63.57
Rat
es &
Tax
es a
nd s
ervi
ce ta
x54
053
26.0
042
515
52.0
0E
xcis
e du
ty o
n ca
ptiv
e co
nsum
ptio
n/S
tock
s-2
953
60.0
0-4
0668
14.0
0T
rave
lling
and
con
veya
nce
2181
251
.00
1601
260
.00
Prin
ting
and
stat
ione
ry26
658
3.78
2461
78.
63P
osta
ge T
eleg
ram
s an
d Te
leph
ones
4895
03.
3147
253
6.79
Dire
ctor
s si
ttin
g fe
e0.
0025
000.
00
Rem
uner
atio
n to
Man
agin
g D
irect
or16
250
00.0
015
000
00.0
0D
irect
ors
Tra
velli
ng11
914
7.00
1374
40.
00Rem
unerati
on to A
uditor
s
Aud
it an
d Ta
x A
udit
Fee
4000
00.
0040
000
0.00
A
udit-
Exp
ense
s41
574.
0015
771.
00
Cos
t Aud
it F
ee0.
0030
000.
00
C
ost A
udit
expe
nses
0.00
8000
.00
Adv
ertis
emen
t62
555
0.00
1395
147
.00
Lega
l & P
rofe
ssio
nal F
ee a
nd E
xpen
ses
1447
375
.00
4950
465
.00
Ban
k C
harg
es23
329
84.2
025
130
46.2
5O
ther
Exp
ense
s25
678
54.5
431
974
44.0
7V
ehic
le M
aint
enan
ce87
910
2.48
1145
454
.93
Loss
on
Sal
e of
Ass
ets
7762
866
.61
-D
onat
ions
9330
0.00
4938
05.
00E
xpen
ses/
Inco
me
rela
ting
to E
arlie
r Y
ears
5889
8.00
0.00
SELLIN
G EXPE
NSES
Fre
ight
out
war
d an
d fo
rwar
ding
exp
ense
s54
4494
47.
0235
2753
00.
42D
isco
unts
/pr
ice
diff
eren
ce a
nd C
omm
issi
on o
n50
2293
34.
4468
0606
03.
57co
nsig
nmen
t sa
les
Oth
er S
ellin
g ex
pens
es41
208
73.2
910
879
9654
.75
9544
72.
9010
429
0376
.89
TOTAL
661605
303.26
480966
518.22
Am
ou
nt
in R
up
ees
For
the
Year
End
ed
31.0
3.2
015
For
the
Year
End
ed
31.0
3.2
014
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
55
NO
TE
NO
: 2
5
Sig
nif
ican
t A
cco
un
tin
g P
olicie
s a
nd
No
tes t
o A
cco
un
ts f
or
the y
ear
en
ded
31
st M
arc
h,
2015
25.1
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S:
A.
Basis
of
Pre
para
tio
n a
nd
Pre
sen
tati
on
of
Fin
an
cia
l S
tate
men
ts:
The f
inancia
l sta
tem
ents
are
pre
pare
d u
nder
the h
isto
rical
cost
conve
ntion a
s a
goin
g c
oncern
and
in a
ccord
an
ce w
ith A
ccoun
ting
pri
ncip
les g
enera
lly a
ccepte
d i
n I
ndia
an
d t
he p
rovis
ions o
f T
he
Com
panie
s A
ct, 2
013.
Th
e C
om
pany
follo
ws t
he m
erc
antile
meth
od o
f accounting.
B.
Inv
en
tori
es:
Inven
tori
es o
f F
inis
hed
good
s a
nd
pro
cess s
tocks a
re v
alu
ed
at
low
er
of
cost
or
net
realizable
valu
e.
Inve
nto
ries o
f R
aw
mate
rials
and S
tore
s &
Spare
s a
re v
alu
ed a
t w
aited a
vera
ge c
ost. S
cra
p
and
dis
posable
s a
re v
alu
ed a
t n
et
realiz
able
valu
e.
Cost
of
Invento
ries c
on
sis
t of
purc
hase p
rice
inclu
din
g d
uties a
nd t
axe
s (
oth
er
than C
EN
VA
T c
redit a
nd i
nput
tax
cre
dit r
ecove
rable
under
A.P
.
VA
T A
ct)
, cost
of
conve
rsio
n a
nd o
ther
costs
incurr
ed i
n b
ringin
g t
he i
nve
nto
ries
to
their p
resent
location a
nd c
onditio
n.
Valu
e o
f finis
hed g
oods i
nclu
des c
entr
al
exc
ise d
uty
as c
ost
of
pro
duction i
n
accord
ance w
ith A
ccoun
ting S
tandard
(A
S-2
).
C.
De
pre
cia
tio
n:
Depre
cia
tion is p
rovi
ded o
n s
traig
ht
line m
eth
od in r
espect of
pla
nt
and m
achin
ery
situate
d a
t C
em
ent
Div
isio
n a
nd a
ll oth
er
assets
have
been d
epre
cia
ted o
n W
ritten d
ow
n V
alu
e m
eth
od a
s p
er
the r
ate
s
pre
scribed i
n S
ched
ule
XIV
to t
he C
om
panie
s A
ct,
195
6 u
p t
o 3
1.0
3.2
014 a
nd f
rom
01.0
4.2
014
depre
cia
tion h
as b
een p
rovi
ded o
n t
he s
am
e m
eth
od o
n t
he b
asis
of
usefu
l liv
es o
f th
e a
ssets
in
accord
ance w
ith t
he p
rovi
sio
ns o
f S
chedule
II
to t
he C
om
panie
s A
ct, 2
013
Change i
n A
ccounting P
olic
y of
Depre
cia
tion o
n F
ixed A
ssets
:
Consequent
to t
he p
rovi
sio
ns o
f N
ew
Com
panie
s A
ct, 2
013,
there
is a
change i
n a
ccounting p
olic
y
of
Depre
cia
tion.
As p
er
Section 1
23 a
nd S
chedule
II
of
Com
panie
s A
ct, 2
013 d
epre
cia
tion i
s t
o b
e
pro
vided
based
on
usefu
l liv
es o
f assets
as s
pecifie
d i
n t
he S
ched
ule
II.
Accord
ingly
, w
e h
ave
adopte
d t
he u
sefu
l liv
es o
f fixe
d a
ssets
as p
rescribed in S
chedule
II
to t
he C
om
panie
s A
ct, 2
013,
for
all t
he f
ixed
assets
, excep
t, f
or
Bu
ild
ing
s-F
acto
ry (
i.e.
28
years
ad
op
ted
as a
gain
st
30
years
pre
sc
rib
ed
) B
uild
ing
s-R
esid
en
tia
l &
Non
Facto
ry (
i.e.
58
years
ad
op
ted
as a
gain
st
60
years
pre
scri
bed
) B
uild
ing
s-O
thers
(tem
pora
ry)
(i.e
. 2
years
ad
op
ted
as a
gain
st
3 y
ears
pre
scri
bed
)
continuous p
rocess p
lants
(i.e.1
8 y
ears
adopte
d a
s a
gain
st
25 y
ears
pre
scribed)
and T
herm
al P
ow
er
Pla
nt
(i.e
. 20
years
adopte
d a
s a
gain
st
40 y
ears
pre
scri
bed
) P
lant
an
d M
achin
ery
-oth
ers
(i.e.1
8
years
adopte
d a
s a
gain
st
40 y
ears
pre
scribed)
Ropew
ays
(i.e.
9 y
ears
adopte
d a
s a
gain
st
15 y
ears
pre
scribed).
For
these c
lass o
f assets
, based o
n i
nte
rnal
assessm
en
t and p
ast
exp
eri
ence o
f th
e
com
pany
and t
he t
echnic
al
eva
luation r
eport
, th
e M
anagem
ent
belie
ves t
hat
the p
revi
ously
assessed
usefu
l liv
es a
s g
iven a
bove b
est
repre
sent
the p
eri
od e
xpecte
d t
o u
se t
hese a
ssets
. T
hou
gh t
he
usefu
l liv
es f
or
these a
ssets
is d
iffe
rent, b
ut
it is less t
han t
he u
sefu
l liv
es p
rescribed u
nder
Part
C o
f
Schedule
II
to t
he C
om
panie
s A
ct, 2
013.
On a
ccount
of
change i
n a
ccounting p
olic
y of
depre
cia
tion,
it w
ill h
ave
im
pact
on f
inancia
l re
sults o
f
this
year
an
d f
utu
re y
ears
. T
here
fore
, as a
result o
f chang
e i
n d
epre
cia
tion
polic
y sta
ted
above
based o
n u
sefu
l liv
es o
f assets
, th
e d
ep
recia
tion c
harg
ed d
uri
ng t
he y
ear
am
ounts
to R
s.5
92.5
0
lakhs a
s a
gain
st
the d
epre
cia
tion o
f R
s.
663.6
0 l
akhs
as p
er
the e
arlie
r m
eth
od i
.e.
at
the r
ate
s a
s
pre
scribed u
nder
Schedule
XIV
to t
he
Com
panie
s A
ct, 1
956.
D.
Reti
rem
en
t B
en
efi
ts t
o E
mp
loy
ees:
Gra
tuity /
su
pera
nnu
ation
an
d l
eave e
ncash
men
t b
en
efits
payab
le o
n r
etire
ment
/ re
sig
nation
of
em
plo
yees p
rovi
ded
on r
etire
men
t/ p
aym
en
t.
56
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
E.
Rev
en
ue R
eco
gn
itio
n:
(i)
Sale
s r
eve
nue i
s r
ecogniz
ed o
n s
upply
of
goods.
Gro
ss T
urn
ove
r in
clu
des V
AT,
Exc
ise D
uty
an
d E
ducation C
ess i
n r
espect
of
good
s s
old
. In
com
e a
nd E
xpenditure
are
recogniz
ed o
n
accru
al basis
exc
ept
for
transactions b
elo
w R
s.1
0,0
00/-
per
transaction a
nd a
re a
ccounte
d in
the y
ear
of
paym
ent
/ re
ceip
t.
(ii)
Div
idend o
n i
nve
stm
ents
is r
ecogniz
ed w
hen t
he r
ight
to r
eceiv
e i
s e
sta
blis
hed.
(iii)
Inte
rest
on
dela
y paym
en
ts t
o c
reditors
/ b
y debto
rs a
ccoun
ted o
n t
he b
asis
of
debit n
ote
s
Cre
dit n
ote
s r
ais
ed /
receiv
ed f
rom
the p
art
ies.
(iv)
Insura
nce c
laim
s a
re a
ccounte
d o
n t
he b
asis
of
cla
ims l
odged.
(v)
Inte
rest/H
ire C
harg
es o
n H
ire P
urc
hase L
oans t
aken into
account
on d
ue a
nd p
aya
ble
basis
.
F.
Inv
estm
en
ts:
Long t
erm
inve
stm
ents
are
sta
ted a
t cost
of
acquis
itio
n a
nd i
f th
ere
is p
erm
anent
dim
inution i
n t
he
valu
e o
f in
vestm
ents
, th
e s
am
e i
s c
onsid
ere
d f
or
valu
ation o
f in
vestm
ents
. C
urr
ent
inve
stm
ents
are
valu
ed a
t lo
wer
of
cost
or
fair m
ark
et
valu
e.
G.
Fix
ed
Assets
an
d C
ap
ital
wo
rks-i
n-p
rog
ress
Fix
ed
Assets
are
sta
ted
at
cost
(net
of
CE
NV
AT
cre
dit a
nd
inclu
din
g r
ela
ted
fin
ancia
l costs
till
com
mencem
ent
of
com
merc
ial
pro
duction)
less a
ccum
ula
ted d
epre
cia
tion.
Capital
work
-in p
rogre
ss
inclu
des i
ndir
ect
cost
and
pre
-op
era
tive
exp
enses r
ela
ted o
r attri
bu
table
to t
he c
apital
work
s a
nd
tria
l ru
n e
xpenses incurr
ed u
p t
o c
om
mencem
ent
of
com
merc
ial pro
duction a
re a
dded t
o t
he c
ost
of
fixe
d a
ssets
. A
dvan
ce p
aid
tow
ard
s t
he a
cqu
isitio
n o
f F
ixed
Assets
outs
tand
ing a
t th
e B
ala
nce
Sh
eet
Date
are
dis
clo
sed
as “
Cap
ital
Ad
van
ces“
un
der
lon
g t
erm
loan
s a
nd
ad
van
ces a
s p
er
revi
sed S
chedule
II
to t
he C
om
panie
s A
ct, 2
013.
H.
Bo
rro
win
g C
osts
:
Inte
rest and o
ther
costs
incurr
ed in
connection w
ith the b
orr
ow
ing o
f fu
nds that are
directly
attributa
ble
to t
he a
cquis
itio
n,
constr
uction
or
ere
ction
of
a q
ualif
yin
g a
sset,
are
cap
italis
ed a
s c
ost
of
su
ch
asset
and t
he o
ther
borr
ow
ing c
osts
are
exp
ensed i
n t
he y
ear
in w
hic
h i
ncurr
ed.
I.S
eg
me
nt
Rep
ort
ing
:
Th
e b
usin
ess a
ctivi
ty a
nd
geog
rap
hic
al
opera
tions o
f th
e c
om
pany i
s i
n o
ne s
egm
ent
of
cem
ent
pro
duct
and s
egm
en
t re
port
ing i
s n
ot
applic
able
.
J.
Lea
se
:
Lease p
aym
ents
in
respect
of
opera
tion
al
leases a
re r
ecog
niz
ed a
s a
n e
xpen
ditu
re o
n d
ue a
nd
payable
basis
as p
er
the l
ease a
gre
em
en
ts a
nd t
he f
utu
re l
ease p
aym
ents
under
non c
an
cela
ble
opera
tional
leases f
or
each p
eriod a
re d
isclo
sed i
n n
ote
s t
o a
ccounts
.
K.
Acco
un
tin
g f
or
taxes o
n i
nco
me:
Curr
ent
tax
and d
efe
rred t
ax
liabili
ty,
if a
ny,
for
the y
ear
is r
ecogniz
ed f
or
tax
paya
ble
on t
he t
axa
ble
incom
e a
nd f
or
tim
ing
diffe
rences,
subje
ct
to c
on
sid
era
tion o
f pru
dence i
n r
espect
of
defe
rred t
ax
asset
and t
he s
am
e i
s t
reate
d a
s t
ax
exp
ense i
n d
ete
rmin
ation o
f net
pro
fit
for
the y
ear.
L.
Imp
air
men
t o
f A
ssets
:
The c
om
pany
dete
rmin
es a
ny
indic
ation o
f im
pairm
ent in
carr
ying v
alu
e o
f a
ssets
and t
he im
pairm
ent
loss i
s r
ecogniz
ed w
here
ver
the c
arr
ying a
mount
of
the a
ssets
exc
eeds i
ts r
ecove
rable
am
ount.
M.
PR
OV
ISIO
NS
AN
D C
ON
TIN
GE
NT
LIA
BIL
ITIE
S/A
SS
ET
S:
Conting
ent
liab
ilities a
re n
ot
recog
niz
ed
in A
ccoun
ts b
ut
are
dis
clo
sed i
n t
he n
ote
s t
o a
ccou
nts
.
Contingent
assets
are
neither
recogniz
ed n
or
dis
clo
sed i
n f
inancia
l sta
tem
ents
. P
rovi
sio
ns i
nvo
lvin
g
sub
sta
ntial
degre
e o
f estim
ation i
n m
easure
ment
are
recogniz
ed w
hen t
here
is p
resen
t ob
ligation
and i
t is
pro
bable
that
there
will
be o
ut
flow
of
resourc
es.
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
RU
PE
ES
IN
LA
KH
S
a)
As a
sig
nato
ry t
o t
he M
em
ora
ndum
of
Cem
ent
Allo
cation a
nd
Co-o
rdin
atin
g O
rganiz
ation
b)
Gu
ara
nte
es
g
ive
n b
y th
e B
an
ke
rs /
Le
tte
rs o
f C
red
it
(Net
of
marg
in m
oney
paid
)
c)
Corp
ora
te g
ua
ran
tee g
iven
to
SIP
CO
T f
or
the
fin
an
cia
l
assis
tan
ce a
vailed
by M
/s.C
hera
n C
em
en
t L
imited
(as o
n
30
-04-2
01
3)
d)
Co
rpora
te g
uara
nte
e g
ive
n t
o S
BI,
SB
H,
Ba
nk o
f In
dia
,
Syn
dic
ate
Bank,
India
n O
vers
eas B
ank,
Centr
al B
ank o
f In
dia
an
d C
an
ara
B
an
k fo
r fi
na
nc
ial
as
sis
tan
ce
a
va
ile
d b
y
S.P
.Y.
Agro
Industr
ies L
imited
e)
Arr
ears
of
div
idend o
n “
C”
Cum
ula
tive
Pre
fere
nce s
hare
s h
eld
by in
sti
tuti
on
s,
be
ing
n
ot
red
ee
me
d an
d r
eq
ue
ste
d fo
r
ext
ensio
n o
f tim
e
f)E
stim
ate
d a
moun
t of
contr
acts
rem
ain
ing t
o b
e e
xecute
d o
n
capital
account
(Net
of
adva
nces)
g)
Cla
ims a
gain
st
the C
om
pan
y n
ot
ackn
ow
lod
ged
as d
eb
ts
bein
g d
isp
ute
d a
nd
pen
din
g i
n a
pp
eals
an
d n
ot
pro
vid
ed
for
as t
he C
om
pan
y i
s h
op
efu
l o
f su
ccess i
n a
pp
eals
:
i)C
EN
TR
AL
EX
CIS
E :
a)
CE
NV
AT
cre
dits a
vailed
an
d u
tilized
were
su
bseq
uen
tly
dis
allo
we
d b
y t
he D
ep
art
me
nt
an
d d
em
an
d r
ais
ed
fo
rdiffe
rential
duty
.
b)
Diffe
ren
tial
Du
ty o
n s
up
plies m
ad
e t
o d
irect
part
ies T
he
Com
pan
y h
as c
onte
ste
d i
n a
pp
eals
an
d a
re p
en
din
g w
ith
the C
om
mssio
ner
of
Appeals
or
CE
GA
T/o
r A
.P H
igh C
ourt
(paid
under
pro
test
Rs.1
2.5
6 l
akhs)
ii)
EL
EC
TR
ICIT
Y M
AT
TE
RS
:
a)
Cla
im o
f A
PS
EB
for
10%
voltage s
urc
harg
e f
or
the p
eriod
fro
m S
ep
tem
be
r 1
98
3 t
o N
ove
mb
er
19
84
c
on
tes
ted
.
Hig
h C
ourt
gra
nte
d s
tay
and d
irecte
d A
PS
EB
to d
ispose o
ffth
e p
endin
g r
ep
resenta
tions m
ade b
y th
e c
om
pany.
1.0
01
.00
204
.03
222
.02
317
4.7
93
17
4.7
9
189
73
.91
198
86
.91
43.2
04
0.5
0
422
.18
605
.78
469
.21
469
.21
671
.24
671
.24
30.6
43
0.6
4
PA
RT
ICU
LA
RS
Sl.N
o.
25.2
Co
nti
ng
en
t L
iab
ilit
ies n
ot
pro
vid
ed
in
resp
ect
of
:
57
58
b)
Fuel
Surc
harg
e A
dju
stm
ent
(FS
A)
charg
es f
or
the y
ears
2008-0
9, 2009-1
0 a
nd for th
e first quart
er of 2010-1
1 p
aya
ble
to A
PC
PD
CL c
on
teste
d b
y th
e i
ndu
str
ial
un
its i
nclu
din
g
the c
om
pany
befo
re t
he H
on'b
le H
igh C
ourt
of
A.P
. and t
he
Hig
h C
ourt
gra
nte
d s
tay
for th
e y
ear 2009-1
0 a
nd first quart
er
2010-1
1 a
nd t
he f
avo
ura
ble
ord
er
of
the H
igh C
ourt
for
the
year
2008-0
9 w
as r
efe
rred t
o S
upre
me C
ourt
and t
he s
am
e
is p
en
din
g.
iii)
INC
OM
E T
AX
MA
TT
ER
S
a)
The A
ssessin
g O
ffic
er
(Dy.
Com
mis
sio
ner
of
Incom
e T
ax,
Ku
rnool)
has r
ais
ed d
em
and
for
paym
ent
of
capital
gain
s
tax
on
lan
d u
nd
er
Join
t D
evelo
pm
en
t A
gre
em
en
t fo
r th
e
Assessm
en
t year
200
6-0
7.
Th
e c
om
pany c
on
teste
d t
he
dem
and b
efo
re t
he C
om
mis
sio
ner
of
Incom
e T
ax A
ppeals
,
Hyd
era
bad
.
b)
The A
ssessin
g O
ffic
er
has r
e-o
pened
the a
ssessm
ent
for
the A
.Y 2
00
8-0
9 a
nd
dem
an
d r
ais
ed
for
MA
T l
iab
ility
on
book p
rofit
un
der
section 1
15JB
of
Incom
e T
ax
Act,
th
e
Com
pany
conte
ste
d t
he d
em
and b
efo
re t
he C
om
mis
sio
ner
of
Incom
e T
ax
Appeals
, H
ydera
bad.
53.5
65
3.5
6
330
9.5
03
30
9.5
0
878
.68
878
.68
Cu
rren
t Y
ear
2014-1
5P
rev
iou
s Y
ear
2013-1
4
RU
PE
ES
IN
LA
KH
SP
AR
TIC
ULA
RS
Sl.N
o.
Cu
rren
t Y
ear
2014-1
5
Pre
vio
us Y
ear
2013-1
4
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
59
60
iv)C
OM
ME
RC
IAL
TA
X M
AT
TE
RS
a)
De
ma
nd
ra
ise
d b
y t
he
C
om
me
rcia
l T
ax D
ep
art
me
nt,
Tam
ilnadu i
n r
espect
of
levy
of
penalty
for
the a
ssessm
ent
year
1994-9
5 c
onte
ste
d in a
ppeal befo
re A
ppella
te A
uth
ority
and t
he m
atter
was r
em
anded t
o a
ssessin
g a
uth
ority
.
b)
Penaltie
s l
evi
ed b
y th
e C
om
merc
ial Tax
Off
icer, K
urn
ool
for
non p
aym
ent
of
tax
dues b
efo
re t
he d
ue d
ate
. T
he C
om
pany
has r
equeste
d t
he G
ove
rnm
ent
for
waiv
er
of
the p
enaltie
s.
v)
Dem
and r
ais
ed
by
the D
epart
ment
of
Min
es a
nd
Geolo
gy
for
pen
al
inte
rest
on r
oyalty d
ues f
or
dela
y i
n p
aym
ents
and t
he C
om
pany
has f
iled R
evi
sio
n A
pplic
ation f
or
waiv
er
of
inte
rest
befo
re t
he D
epart
ment
and M
inis
try o
f M
ines,
New
Delh
i
viii)
OT
HE
R M
AT
TE
RS
Suits f
iled b
y th
e p
art
ies a
gain
st
the c
om
pany
and p
endin
gin
Appeals
Court
s
25.3
Un
de
r T
he
M
icro
, S
ma
ll
an
d
Me
diu
m
En
terp
ris
es
De
ve
lop
me
nt
Ac
t, 2
00
6 a
nd
in
a
cc
ord
an
ce
wit
h th
en
otifi
cation
issu
ed
by t
he M
inis
try o
f C
orp
ora
te A
ffair
s,
cert
ain
dis
clo
sure
s a
re r
equired to b
e m
ade r
ela
ting to M
icro
an
d S
mall E
nte
rpri
ses a
s d
efi
ned
in
th
e s
aid
Ac
t. T
he
co
mp
an
y i
s in
th
e p
roc
es
s o
f c
om
pilin
g t
he re
leva
nt
info
rmation f
rom
its
sup
plie
rs a
bout
their
cove
rag
e u
nd
er
the s
aid
Act
and h
ence r
equired d
isclo
sure
s c
ould
not
be
mad
e.
25.4
Dis
clo
su
re o
f d
isc
on
tin
ue
d o
pe
rati
on
s o
f W
ire
/
En
gin
eeri
ng
Div
isio
n:
Th
e o
pera
tio
ns
of
the
Wir
e/
En
gin
ee
rin
g D
ivis
ion
a
tB
en
galo
re w
ere
perm
an
en
tly
dis
con
tin
ued
fro
m O
cto
ber
20
05
an
d th
e d
ivis
ion
was c
lose
d o
n 3
1.0
1.2
00
6.
Th
ecom
pany
has e
nte
red into
agre
em
ents
for
join
t deve
lopm
ent
of
lan
d w
ith
th
e d
eve
lop
ers
. A
s p
er
the
d
isc
los
ure
requirem
ents
under
Accounting S
tandard
(A
S 2
4),
the b
ook
va
lue
R
s.9
4.2
4
lakh
s
of
lan
d
pro
pe
rty
un
de
r jo
int
develo
pm
en
t a
gre
em
en
ts,
was s
how
n s
ep
ara
tely
un
der
“Curr
ent A
ssets
” as c
urr
ent
inve
stm
ent
in land p
ropert
y and
the a
mounts
receiv
ed f
rom
in
tendin
g b
uye
rs o
f R
s.3
14.0
0la
kh
s (p
revio
us
ye
ar
Rs
.28
9.0
0 la
kh
s)
we
re s
ho
wn
separa
tely
under
“Non-C
urr
ent Lia
bili
ties”
as o
ther
long term
5.5
65
.56
144
.54
124
.85
124
9.7
58
35
.76
120
.45
120
.45
liabili
ty.
There
was n
o r
eve
nue i
ncom
e/e
xpenses i
ncurr
ed
duri
ng
the y
ear
(pre
vious y
ear
pro
fit
on
sale
of
pro
pert
y
Rs.2
820.9
7 l
akhs c
onsid
ere
d a
s e
xception
al
item
).
25.5
Bela
ted c
harg
es/o
verd
ue i
nte
rest
on
dela
y in
paym
en
t of
sta
tuto
ry d
ues
/lia
bilit
ies h
ave n
ot
been
pro
vid
ed
in
th
e
absence o
f dem
and f
or
the s
am
e.
25.6
The b
ala
nces o
f sun
dry
debto
rs,
su
nd
ry c
reditors
, oth
er
liabili
ties, adva
nce to s
upplie
rs for
raw
mate
rials
and s
pare
s,
oth
er
advances i
nclu
din
g c
laim
s a
nd d
eposits h
ave b
een
show
n a
s a
ppearing in
the b
ooks o
f account and a
re s
ubje
ct
to r
econcili
ation a
nd
con
firm
ation.
25.7
Lease p
ay
men
ts:
Th
e C
om
pa
ny h
as
no
t ta
ke
n a
ny a
ss
ets
un
de
r n
on
cancela
ble
opera
ting lease a
gre
em
ents
and h
ence n
o f
utu
re
lease p
aym
en
ts.
25.8
Seg
men
t R
ep
ort
ing
Th
e b
usin
ess a
ctivi
ty a
nd
geogra
ph
ical
opera
tion
s o
f th
ecom
pany
is i
n o
ne s
egm
ent
of
cem
ent
pro
duct
and h
ence
seg
ment
report
ing i
s n
ot
ap
plic
ab
le.
RU
PE
ES
IN
LA
KH
SP
AR
TIC
ULA
RS
Sl.N
o.
Cu
rren
t Y
ear
2014-1
5
Pre
vio
us Y
ear
2013-1
4
RU
PE
ES
IN
LA
KH
SP
AR
TIC
ULA
RS
Sl.N
o.
Cu
rren
t Y
ear
2014-1
5
Pre
vio
us Y
ear
2013-1
4
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
Rs.
in l
akhs
1.
Sale
s/a
dvan
ces a
nd
receiv
able
--
264
.23
264
.23
(Chera
n C
em
ent
Lim
ited)
2R
em
unera
tion t
o M
anagin
g D
irecto
r1
6.2
51
5.0
01
3.8
9N
il
3S
itting F
ee t
o o
ther
Directo
rs0
.00
0.2
5N
ilN
il
4C
orp
ora
te G
uara
nte
e g
iven t
o S
IPC
OT
for
fin
ancia
l assis
tance a
vaile
d b
y-N
il-4
9.9
43
17
4.7
93
17
4.7
9
Ch
era
n C
em
ent
Lim
ited (
estim
ate
d l
iab
ility
)
5C
orp
ora
te G
uara
nte
e g
iven t
o S
BI, S
BH
,
Bank o
f In
dia
, S
yndic
ate
Ban
k,
India
n
Ove
rseas B
ank,
Centr
al
Bank o
f In
dia
and
(913
.00)
140
09
.64
189
73
.91
198
86
.91
Canara
Bank f
or
Fin
ancia
l assis
tance
ava
iled b
y S
.P.Y
.Agro
Industr
ies L
imited
6U
nsecu
red l
oans f
rom
Pro
mote
rs/A
ssocia
tes
(103
2.1
2)
355
0.6
63
04
3.3
14
07
5.4
3
7P
urc
hases a
nd s
erv
ices a
vaile
d f
rom
and
237
.74
33.2
37
6.5
1D
r. 1
8.2
8
due t
o A
sscia
te C
om
panie
s
8S
ale
s a
nd s
erv
ices p
rovi
ded t
o a
nd d
ue
172
.21
12.7
21
60
.66
151
.49
from
Associa
te C
om
panie
s
9A
dva
nces/I
nte
r-corp
ora
te D
ep
osits g
iven
444.8
33
20
.00
699
5.2
86
55
0.4
5
to A
ssocia
te C
om
panie
s
Sl.N
o.
Natu
re o
f T
ransaction
Bala
nce a
s a
t
25.1
0
EA
RN
ING
PE
R S
HA
RE
Basic
and d
ilute
d e
arn
ings/(
Loss)
per
share
(fa
ce v
alu
e o
f R
s.1
0/-
each)
calc
ula
ted in c
om
plia
nce
with t
he p
rovi
sio
ns o
f A
ccou
nting S
tandard
20 f
or
the y
ear
en
ded
31
.03.2
015
com
es t
o l
oss
Rs.(
9.4
8)
(Pre
viou
s y
ear
Rs.(
2.6
7).
The d
enom
inato
r fo
r basic
/dilu
ted E
PS
is 1
6018139 E
quity
Share
s o
f R
s.1
0/-
each n
um
era
tor
is n
et
loss o
f R
s.1
5,1
5,5
3,6
21.1
1 f
or
the y
ear
as p
er
Sta
tem
ent
of
Pro
fit
and
Loss (
Pre
vious
year
net
Loss R
s.4
,25,8
1,1
39.6
3)
and a
s i
ncre
ased b
y th
e p
refe
rence d
ivid
end
for
the y
ear
of
Rs.2
,70,1
86/-
on “
C”
Cum
ula
tive R
edeem
able
Pre
fere
nce S
hare
s,
whic
h i
s n
ot
pro
vided.
Th
ere
fore
b
asic
/dilu
ted
earn
ing
p
er
sh
are
= N
et
Los
s o
f R
s.1
5,1
8,2
3,8
07
.11
÷1
60
18
13
9
sh
are
s=
Rs.(
9.4
8)
25.1
1F
igure
s h
ave
been r
ounded o
ff t
o t
he n
eare
st
decim
al
of
Lacs u
nder
Note
s t
o A
ccounts
.
25.1
2P
revio
us y
ear’s f
igure
s h
ave
been r
egro
uped /
recla
ssifie
d w
here
ver
necessary
to c
orr
esp
ond
with t
he c
urr
ent
year’s c
lassific
ation /
dis
clo
sure
.20
14
-15
20
13
-14
31
-03-1
531
-03-1
4
For
the Y
ear
S.
No.
Description o
f P
roducts
Qty
.
in M
ts.
For
the
year
en
ded
31.0
3.2
01
5
Qty
.
in M
ts.
For
the
year
en
ded
31.0
3.2
01
4
Rs.
in l
akh
s2
5.1
3R
ev
en
ue f
rom
op
era
tio
ns o
r sale
of
go
od
s (
Gro
ss s
ale
s)
AM
an
ufa
ctu
red
Go
od
s
1C
linker
Nill
Nill
2C
em
en
t2
44
85
2112
65
.10
140
75
46
17
5.9
1
To
tal
112
65
.10
617
5.9
1
BT
rad
ed
Go
od
sN
ilN
il
S.
No.
Descri
ption
Qty
.
in T
onnes
Valu
eQ
ty.
in T
onnes
Valu
e
Rs.
in l
akh
s2
5.1
4C
ost
of
Raw
Mate
rial
Co
nsu
med
1Lim
esto
ne (
Cem
ent
Gra
nd
e)
*2
53
27
82
14
.70
172
23
0118
.02
2L
ate
rite
942
0118
.07
375
74
9.8
5
3G
ypsu
m8
95
91
53
.68
540
69
2.1
2
4Ir
on O
re4
57
45
4.6
24
02
63
7.2
9
5C
linker
103
52
362
.67
88
12
3.6
1
6F
ly a
sh &
Oth
er
538
25
593
.70
644
24
9.4
1
T
ota
l1
49
7.4
53
70
.30
7P
urc
hase o
f T
raded G
oods
-N
il-
Nil
20
14
-15
20
13
-14
* re
pre
sents
roya
lty,
welfare
cess o
n o
wn q
uarr
ying o
f lim
esto
ne.
Rs.
in l
akh
s2
5.1
5V
alu
e o
f im
po
rts c
alc
ula
ted
on
CIF
Basis
a)
Raw
Mate
rials
Nil
Nil
b)
Com
ponents
and s
pare
part
sN
ilN
il
c)
Capital
goods
Nil
Nil
T
ota
lN
ilN
il
20
14
-15
20
13
-14
25.9
Rela
ted p
art
y tr
an
saction
s:
Th
e f
ollow
ing
are
th
e tr
an
sacti
on
s o
f th
e r
ela
ted
p
art
ies,
wh
ich
are
rela
ted
on
ac
cou
nt
of
share
hold
ing b
y key
managem
ent pers
onnel and t
heir r
ela
tive
s v
iz.S
ri S
.Sre
edhar
Reddy,
Managin
gD
irecto
r and o
ther
Directo
rs a
nd t
he A
ssocia
ted C
om
panie
s :
61
62
PA
NY
AM
CE
ME
NT
S &
MIN
ER
AL
IN
DU
ST
RIE
S L
IMIT
ED
59
th
AN
NU
AL
RE
PO
RT
20
14
-15
As P
er
our
report
of
eve
n d
ate
attached
Fo
r B
RA
HM
AY
YA
& C
O.,
Chart
ere
d
Accounta
nts
Firm
's R
egn/
No.
000514S
B.D
AIV
AD
HE
EN
AM
RE
DD
Y
Part
ner
M.N
o.
026450
Pla
ce :
Nan
dya
l
Date
: 30
th M
ay,
2015
Rs.
in l
akh
s2
5.1
6E
arn
ing
s i
n f
ore
ign
Exch
an
ge
FO
B V
alu
e o
f E
xport
sN
ilN
il
20
14
-15
20
13
-14
Rs.
in l
akh
s2
5.1
7E
xp
en
dit
ure
in
Fo
reig
n E
xch
an
ge
i)R
aw
Mate
rials
Nil
Nil
ii)T
ravelli
ng
Exp
enses
Nil
Nil
iii)
Oth
ers
Nil
Nil
To
tal
Nil
Nil
20
14
-15
20
13
-14
25.1
8V
alu
e o
f im
po
rte
d a
nd
in
dig
en
ou
s ra
w
mate
rials
com
ponents
, spare
part
s a
nd o
ther
mate
rials
consum
ed
:
i)R
aw
Mate
rials
Imp
ort
ed
Nil
Nil
Nil
Nil
Indig
enou
s1
49
7.4
51
00
%3
70
.30
10
0%
Tota
l1
49
7.4
51
00
%3
70
.30
10
0%
ii)
Sto
res a
nd
sp
are
part
s
Imp
ort
ed
Nil
Nil
Nil
Nil
Indig
enou
s3
26
.99
10
0%
226
.13
10
0%
To
tal
326
.99
10
0%
226
.13
10
0%
20
14
-15
20
13
-14
Valu
e%
Valu
e%
Sig
ned t
his
____
___
___
____
___
__of
Septe
mber, 2
01
5.
Sig
natu
re o
f S
hare
hold
ers
____
___
____
___
___
___
__
Sig
natu
re o
f P
roxy
hold
er(
s)_
__
___
___
____
___
___
__
No
te :
1)
This
form
of
pro
xy i
n o
rder
to b
e
eff
ective
should
be d
uly
com
ple
ted a
nd d
eposited a
t th
e
Regis
tere
d o
ffic
e o
f th
e C
om
pany,
not
less t
han 4
8 h
ours
befo
re t
he c
om
mencem
ent
of
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ani as a
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AN
NU
AL
RE
PO
RT
20
14
-15
Pony* &*nk g Tllio&l fidust+ics &t*ittlCIN No,PhoneFoxE-moilWeb
Bombay Stock Exchange LimitedFloor 25, P.J.Towers,Dalal Street.,
Mumbai-400 001.
Dear Sir.
Sub: iSubmission of Form (A'and (BD for the financial year ended 3ltt March,.2015 pursuant to clause 31(a) of the Listing Agreement.
We are enclosing; herewith Form "A" and "B" for the financial year ended 31tt March, 2015
pursuant to clause 31(a) of the Listing Agreement with the Stock duly signed by the Managing
Director, Chairmam of the lrudit Committee, Chief Finance Officer and Statutorv Auditors of the
Company for your kind pemsal and records.
Thanking you,
Yours faith1ft.rlly,Eor Panyarn Cements & Mineral Industries Limited
L2 69 40AP r 955 PLC00 A5 46+91-40-235553r 7
+91-40-235553't 6coohyd@po nyo mcemenls.comwww. ponyo mcemenls.com
/ro"secretary
lil 12W*^^'i&u" J.Hanumantha R.ao
Complianc,e Officer.
Encl: As above.
Regd. Office: C-1, Indusiriol Estofe, Bommolosotrom, Nondyol - 518 502, Ki.rrnool Dist. (A.P) Indio.Ccmenf Works: Cementnogor - 5l I206, Kurnool District (A.P) Indio.
Centrol Adminisirotive Office :
Plot No. I88, I st Floor,Phose-ll, Komolopuri Colony,Hyderobod - 500 073. TS, lNDlA.
Dt.26.09.20t5
FORM A(Clause 31 (a) of Listing Agreement)
Format of covering letter of the annual audit report to be filed with the stock
exchanges
1, Namel of the Company PANYAM CEMENTS & MINERAL INDUSTRIES LIITED
2 Annual financial statements for theyear ended
31"' March,2015.
3 Type of Audit observation Qualification:"Non provision of gratuity/supera nnuation/leaveencashment liability on actuarial valuation in respect ofemployees and the amount of liability is notascertained by the company".
4 Frequency of observation Whether appeared first time - No -Whether repetitive - YES -Since how long periodFrom the financial year 2003-04 onwards.
5 To be signed by -
o CEO /Managing DirectorS
(s. SREEDHAR REDDY)
o CFON
S .ssq=toso..e \)"r'V(S. NAGESWARA REDDY)
Auditor of the
ffi:Y:1;)ff aDo,. \i$-^rr"v
Far BFIAHMAYYA ,lu^ ^,C(7>. lu- gbart{sd+cuit :anig
(8. DATVADEENAM REDD9BRAHMAYYA & CO..
:7o Audit Committee Chairman
YAI II. J I
FORM B(Clause 31 (a) of Listing Agreement)
Format of covering letter of the annual audit report to be filed with the stockexchanges
t Name of the Company PANYAM CEMENTS & MINERAL INDUSTRIES LIITED
2 Annual flinancial statements for the yearended
31" March,2015.
3 Type of l\udit qualification Qualified:"Non provision of gratuity/supera nnuation/leaveencashment liability on actuarial valuation in respectof employees and the amount of liability is notascertained by the company".
4 Frequenr:y of q ualificatiorn Whether appeared first time - No -Whether repetitive - YES -Since how long periodFrom the financial year 2003-04 onwards.
5
Draw attention to relevant notes in theannual financial statements andmanagernent r{lsponse to the qualificationin the directors report:
Management Response in the Directors' Report:As regards , on provision of gratuity, superannuationand leave encashment liability on actuarialvaluation,it is provided on retirement of employees on aconsistent basis and the liability is not ascertained.
6 Additionial comments frorm theboard/audit committee chair:
As per disclosures made in the Annual Report.
7 To be signed by'-
r (3EO /t\4anaging Director
<<:
{s. SREEDHAR REDDY)
o CFO g Nq+:lofot+(S. NAGESWARA REDDY)
Iiuditor of the com it)ril,) .: ,t!
'.:'",.1'
:or BRAHI'1AYYA & ca*tantgrl. f&ilqea
(8. DAIVADEENAM REDDY)
BRAHMAYYA & CO.,
o A,udit Committee .nr,rr;;ti* /t;' Yarlner
[L-44-{(P.JAYARAMA REDDY)f
