::

Contents

CHAIRMAN'SSPEECH

VICECHAIRMAN'5 SPEECH

BOARDOFDIRECTORS&ASSOCIATES

VALUES

AWARDS

MARATHON NEXTGEN JV PROJECT

MARATHON GROUP PROJECTS

MARATHON NEX HOMES

MARATHON NEXTGEN PROJECTS

REPORTS

Notice

Director's Report

Management Discussion & Analysis Report

Repoft on Corporate Governance 2012 2013

Auditorl Report

RESULTS

Balance Sheet

Profrt & Loss Account

Cash flow Statement

01

03

o4

05

05

07

08

ll

13

14

15

21

23

)534

39

40

41

42

2?

Chairman's Speech

hgives me greatp easuretointeractwithyouyetagain

l. Economi(Environment:

a The general econom k envircnment remalned subdued dufinglheyear underrev ew There has been a pefceptib € slowdown In thee.onomywiththe GDP being downgraded a nd pegged at growrh rate of 5%, a rate ower tha n ea rlier esu ma ted The dece erat on i3 being wirnessed across sectoEh.udingAgncutLre,lndustry,Seryrcesandmorepartlcularlyinlnfrastr!cturethatincludesreaestate

b While there has been a d rop in rhe nd ustrial sector, t was some consolation that the con struct on segment saw a n increase of 5 9% durinq 20I 2 I 3

asagainst5 2% nthepreviousyear

2. Road to I mprovem.nt: lf there has to be a ny ta ngib e im provement in the macfo-economic evel, then it is essential m expect action and progre$onmanyfronrs Internatonaleconomy,lndianeconomyandRealEstate5ector

a nrernariona economyr As has been observed, intehational woes have been Lowered considerably and quantiGnve eas n9 s nearlng iB endThe economy worldwide if not on g rowth pa th, is movlng towa.ds stabi ity

b nd an economy: Ihe Indian economy is nruqg1 ng to balance g rowth and inflat on

I The Govem men t (F na nce M iniste, has been advocating h I her liquid ty (read, ower interest rates) This wil keep India doser to our targetedgrowth rate b!tw llriskhigherinflationand h ghercostsofIvln9 andgreaterRupeed€prec ationve6usworld cuiienc es

ii On the other hand, ReseNe Bank of Ind ia is more concerned with mmed iate nflarion and Ru pee deprecialion RBI i5 recom mending the tig hten ngof I qurd ity for on9 te rm stab hzahon to na t! ra levels ofqrowth, In flation a nd cu (ency but th6 wrl come at the con of growth

ii Both sldes have its ogic and reasoninq as we las s!pporteE from djfferent quarters What is req!ired rs a cohesive effod from a I concehed lfthepoliciesarealgned(Government,RBandndustry)towardsoneofthetwoopnonstherewillbegeneral.onsensusAstrategicplannrnqbythendustrycantakesuchvarablesintoaccountforthefuturegrowthUncertantyinpolicydoesnthelpanyone

c RealBtateSector: Uncertainty shuftingRealEstateSe.tor

U nce.ta inty and ma k n9 m pend ing egi3lations a ppl ca ble with retrospective effolts wi I help no one

I In a developing economy, we need to continually !pdate oLr egis ation removing age old Acts and Regulations which have outlved theirp! rposes and no lonqer serve the curcnl requiremen ts Also, imp ement ng few Ac ts and qeg u a t ons wh ch a re non ex6 tent but very mu.h releva ntto us today lead to fastef apprcvalsystems and rcduce co(uptron {read powe6 ofofficeE and politiclant Thh would reviralze growth and restorebusine$andconomerconf denceTheseareagreeabeargumenBbyal sides

iiTroubebrewsd!ringftansironTakeforexample expeienceduringtheDcfeguationchangelnMumba Allongoinq projects ofevery developerwere delayed res!hng n cash flow drfficulties and higher hold n9 costs. Yet aga n, this has rcsulted h higher NPAs for the Banks and Delayedpossess on !o the purchaseE The Governmen t has good nt€nlions a t h€an but no one benefi ts in th s transltory period I have made rh is suggest onearller a nd would ike to emphasize that all new regulations be made apphca ble for new prcjects Do NoT CHANG E RULES OF THE GAM E HALFWAY

INTOTHEGAME

a AsperastudyconductedbyPropEq!ty,36Tlakhsresdentialunilsweresolddurinq20l2lSasagalnn39SlakhuniBin20ll 12,wlth unsoldinvp.rorydr )0mo-r!(a<aga _{ lS To-rl's _-hepraviou /F"l

blnthecommer.ialoncespacesegment,302mllionsqfeetofareawassodasagainst4T3milion3qftdurngz0ll 12

c This situatron haslo dramatica ly rmprove for thrs sector to find its bear ngs Despite the sectof reeling underthese problems,lttle help seem to beemanatinqfromthepowersthatbeOnthecontrary,thereisaplethoraofleviesintheformofindire.ttaxesthathavecaused.onsiderablehardshrptothesectorespeciallyinthe5tateofMaharashtfaThesencludethecontnuationofServiceTaxandtheretrospectivelevyofVAlThere6noclartyn the levy of these taxes and are under trgauon which adds tothe hardshlp H qh inp!t costs and deadh offunding adds ro the woes ofthe

CHAIRMAN'S SPEECHE

I'

I

I

d The Real Esrate Regltatory Bitt is on rhe threshold of becoming pa( of the statute. While this is a welcome neP, it will be effectively

irn plemented on ly if the Sector rcceiv$ a sing le window cleahnce for projecls which cuiientlv does not lookvery feas ble

e The Government B cuiienrty on a refoh sprce Hopefully this wil usher in a path towardr development that could help to lift the

sa99in9 e.onomyand with ltthefortunes of the indunry

4.Intangible Assets:whilewe are her€ to approve accountsforthe last financ aLyear,lwould liketo say that Bus nes3 Balance she€ts hide many

mofeassers than whattheydisplay Only tangiblea$eB no longer remainthecompe|tive advantageforcompanies, Assetswhich ba ance sheets

capture are no tonqer the limitations of key strengrhs ofthe compa ny. In today s envircnment, many critical a35ec a re intangible A decade ago, your

company wa5 a sick induniat company over this pe.iod it has succe*f! lly completed multi user prcjects in its Lower Parcl facility. ^4a

rathon Era 'the Fesidentiat Protect and Ma rathon In nova ,the Com mercial Prcject have won several accolades and are landmark5 Both have proved to be high ly

profita bte and have created considerabte weakh for sharcholdeG In the proce$, your com pany has developed intangible a$ets like cunomer

toyatryandexperiencethatcompanycreates,bythe kind oftalented and snce€ peopl€companyemployt bythe kind ofinnovativ€technologyit

po$esesand manymorc

5. Futur€ proje<ts: A join t ventu fe for developing a pime prcpelty in Mumbai wi I com nence shonly which will levelaqe not only the company!

physicat assets but ako intangibte assets.The prcperty in the Western subu rbs and Ba ngalore will take a few more yea ts to gather steam

6 The company has embarked on an a rn bitiou3 progamme of Corpohte Social Responsibilitt lt sets aride a ponion of its profitt whlch funds a

trustsetupfor<rearingqualityeducatDnalfacilitiesseniorpe6onnelofthegrouplmpartcounselingtoasPirngstudentsrelatingtotheniutureed ucational and sodal pu6u its.This concePt ofCSR will extend to other arcas as well

7_ [,4arathon, as the wod means, 6 not a sprint but a run of a sready and long duG tion Similarly your .ompany l,'larathon Nextgen is a ong term

player and wi stay the course tt witt ptay a significant role in the hoLrsing requnemenrs in the Mumbai Metropolitan Region

As CK PEhalad has said,'The Future won t be an extfapolation of the pasfl

Mysincerethanksforthefaiththatyouhavereposedinlvlarathonandlurgeyoutocontinuetodo30

Ch€tanR.ShahChaiman & Managing Director

I),II)

I)

I

)

III

II

I

tI

Vice Chairmant Speech

lam pleased topr€senttoyou the annuai report ofyour company for rhe financia tyea | 2Ot 2 t3

De5pfte lower bottom line and 9ene6l slowdown in the realty sector, I am happy to inform you that the Manag€ment hai recom mended an increasedDividend payout of Rs 4 s0/ share in this year, compared to the previous yea | (Rs 4/ share).

Thejouhey ofyour comPany in the last Melve months was quite sansfactory, at a time when the Indian €conomy as a whote was experiencing amekdown of30fts, a cond ition furrher exacerbated by govem menr poticy measurcs aimed ar curbing inflationd,y pressures.

As indicated in my l',4e$age to you lastyear,yourcompany had foreseen the possibiliryofa modelation ofthegrcwth momentum. tt had putin ptaceprudent corporate strategies that include a much focused rcadmap wirh a propn segmentation of the twoconcepts necessary to take the groupahead of the competirion

This year we have brought these two concepts to fruition In a gloious case of converring cha ll€nges imo opportun itiet we have now a u nchedambitioLs brands titled'NEX' which stands for Nextgeneradon Eco{ endlyXna utility homes and'[1ONTE'- a series of High Rise towe6 Theseprcjects will conti bute io taking you I company a step ahead in the Reat EstateWortd

TheconcePtbehind NEX i5la€eand inclusive. l\,larathon believesthatitseverycustomer, pastorprospective is speciatand deseruestoget morcthanwhat heorsheexpects Thegroup, through the NEXbrand,wishes tocreate hom€sthatgo beyond the expectations ofirs c!stome15 andwoutd offermore value forthen had earned money.

The pilot proje.t of bhnd "N EX tided N EXZONE at Panvel recerved a n ove.whelming response with morc than t 3OO bookrngs in a short span of time.Takinq into consideration the demand for housingfrcmthe newage home buyeu, Marathon Group plans to laun.h Nexiown in Doobivtithatcanaccommodate over 2000 families Ako, another project titled Nexwo d at Dombivti is on the anvit for 2oooo fahities

lvlon te is a serie5 ofHig h Bise towers that includes the ongoing l$onte !4sta and ^4onte

Carlo and u pcoming mu tti-towers project such as"t$onte south[la6thon Grcup h expec.ing ro generate revenues from thk pfoject very soon

Mara thon GrouP has a stronq pr$ence in the emerging grov!4h coriido6 s!ch as Dom bivli and Panvel (Mu rn bai ^4etropotitan

Reqion). we are su re rhatwe will not only do the business ofreal estate bu t ako cater to rhe growing need of housing a nd cfeate a vatue for our discerninq customer's money

I Gke th s oPportunity ro thank all those who have rcposed th€ir faith in us Marathon is confiden t of delivering vatue to its sharehotdeB Togerher, wec. n fulRll our responrbility in society a nd In rhe words ofMahatma Gandhi,,Be the cha nqe you whh to see in the wortd "

MayurR.5hah

E vrcE cHArRrvlAN,s spEEcH

Board of Directors & Associates

I

I

II

IrII

IIII

Mr. chetan R. ShahChalrman & Managing Director

Mr. V. NagarajanDirector

Mr. Mayur R, ShahViceChairman&Drector

Mr. V. RanganathanDirector

Mr. S, RamamurthiWho etlme Director

:'-a,LMr. Padmanabha Shetty

Director

ShareTranster AgenG

AG]\4

Marathon Nextgen Really Ltd , Marathon Fulurex, Mafat a ^/

ls Compound' N M losh Marq,

Lower Pare (wl, tul!mba 4000rj

702, Marathon lVat, M ul! nd Goregaon Lrnk, Road, ^4o

!nd (W),l'rlumbai_ 400 080

Har bhaktl& co Chartefed Ac.ounts

AXl5 Bank Ltd , F DFC Ba nk Lrd

AdroirCorporate Serv.er Pvt Ltd l9/20,lafferbhoylndunria Estate rstF oor,

Makwana Road, Marol Naka, Andher (E), Lrumbai 400 0s9

Frlday, 5ept€mber 20, 2013, at I l:30 am

Nehru Planetarlum, Nehru Centre, Basemenl Ha ,Wor r'^ umbai 400018

BOARD OF DIRECTORS

Values

Dharma

Vision & Mission

There are Five Aspects to our vision. By 2017, we atm:

a To grow 6.5 times in Revenue and 5 ttmes in Area Constructed

a To be in theTop 5 in Customer Satisfactron In MMR

a To be the Most Tru sted developer in MMR

a To provide'Best in Class'desrgn

. To be jn theTop 5 in Employee Engagement in MMR

We intend to reach thrs position keeping in mind our'Dharma'

Stand tall in terms of integrity & transparency

lmprove conttnuously & scale heights

Always focus on customer delight

Respect fesources and create exponential value

Constantly endeavour to create happiness for one and all

Be committed and respectful to all and be firm and fatr at the same time

I

,|

I

I

I1

1

1

'1

'l

II

I

1

1

I1

tIi

II

Awards

=-

MARATHON NAGARI, BADLAPUR

Bagged NationalAward for 'Best Resid entia I Apa rtme ni Low Cost, Metro'from CREDA|on l l th august,20l2

Marathon Nextcen Era

Awarded for'Excellent Interior Design' (Premium Segment)

by The Economic Times AcF IF( H 20 0.

Marathon Nextcen Campus

Awarded {or'Best Urban Design and Master Planning Award'

by Construction Source India on 15th November, 2009

Marathon Nextcen In nova

Won the award for 'The Best commercial Project of the year 2006-07'by Accomodation Times

Marathon HeightsThe first residential tower in India with a helipad,

was awarded 'The Best Residentia Projectoftheyearl999'by Accomodation Trmes

IAWARDS

'1

I

1

1!

I

I(

"* !ti,

.*.i*.l-

MARATHON FUTUREX

MARATHON

LOWE R PARE L

SBS lrru;1"6|e SBS starting from, ::1, 1,523 sq. ft.

Call2 +91 -22-6724 8587

\-

((

t(

I

ON NEXISEII LCOI!

...:€

+**

MARATHONMONTE CARLO

MULUND (W)

EXQUISITE4&5BHKAPTs

Lo catio n: Mada n Mohan Malviya

MARATHONMONTE VISTA

LUXURY RESIDENIIAL TOWER

MULUND (W)

2 8HK & COMBINATIONAPARTMENTS

Mar9, opp. P & T colonY, Off

call" +91-22-6146

MARATHONMONTE PLAZAOFFICE

' & RFIAIL SPACES

MULUND (W)

RETAIL & O FFICES

LBs Mar9, M ulu nd (W), M'.imbai- 400 080

6141

MARATHON NlONIE CARLONlARATHON MONTEVISTA

MARATHON IdONTE PLAZA

!

f'd

tl

:iid6tI

:

iiI

" j. r&-".1

i' {,

t*.

I

t&

lll':

i:..r-' lli6

'>i tr r

't,:[l

, i'

t

arl

tt tl

al d

.F E

f,1

!,;r't t-* t IN!-t!tlrt tt:Ft a

rl-r'arlrr *

.il

't'l'1't;l,i,l,!

.

III

.T

ll

&,il{'itil+'!: :

{

!!!!!!!!!Ii

i!!!

..*ltl|l[irqrqrqrUr

MARATHONNAGARI-NXBAD LAPU R (E)1 & 2 BHK APARTMENTS

Call: +91-22-6146 6141

MARATHON NAGARI-NX

Marathon NextGen Project

I!,, ,

II

I II\

MARATHOl{

CHAMBERSlndepend€nt Business House

LOWE R PAREL

Ffoor pfale: 17,729 sq. lt.

Total Area: 91,120 sq. ft.

Ready for fit-out

Call:+91-22-6724 a5a5 I 615A a4A4

MARATHONNEXTGEN INNOVAThe Ce.eral on Nexr Corporare Cenrre

LOWER PAREL

. Business spaces ofSBq . 15oo & 17oo sq. fr.

with terraceBU5flrt 55

Ready for fit-out

Callt +91-22-6724 A5B7

MAD^TUl\^r .q^nrDE6. MARATHON NEXTGEN INNOVA

Reports

Artep by step approach teadstotheway resutrs areachieved and benchmarks are set.The following pagestake vou step bvstep in analvz!nq

andscrutinizinq thereportsasauthored byrhedrqnitariesof thecomPany

Thenextstepthatweaimattaking,istoconsrderthesereportsasrhetestlnggfoundandbuildtowardsnewlevels5tepByStep

NorlcE is herebvgiven that theThirtv sixth ADnual ceneGt N,leeting ofthe membeB ofMARATHoN NErrcEN REA!ry LuIED willbe held at Nehru Pla netarium, Nehru Centre, Basement Ha', Wo i, llumbar 4OO o] s, on Fida, 2Od Septemb€r, 2oi 3 at I I :30 am totransact the following business:

A. ORDINARY EUSINEsS:

I To feceive, consider and adoPt the Balance sheet forthe year ended on 3lst MaKh,2013 and the profjt and Loss Account as atthat dareand rhe Reportsof theOjrecto15 andAuditoBthereon

2 To confirm the dividend paid upon €demption of6% - Fedeemabte cumutative prefe€nce shares as on March 3r,2013.

3. To decla€ Dividend on Equity Sharcs

4 To appoint a Directorin ptace ofMrV Nagacjan, who rerirer by roration and being ehgibte offeB himsetrror re_apDoinrmenr

5 To appointM/s. Hanbhakti&Co, Charrered Accountanqthe conclusion otthis Annuat Generat tvleetrng untit rheauthorize the Board to determrne their remunefation.

sPECntau5tNESS:

retning Auditors, as the Audirots oftheCompany, to hotd otri<e frcmconclueon ofthe next Annuat Generat Meehng of the Company and

o.

6 To <onsider and, if thought fit, to pa$, with or without modificationG), the foflowing resorution as a speciar fiesorution-"RESOLVED rHAT puBuant to the provisions of se*ion 19q269, 309 and other apphcabre prov^ions of the comoanies Act.1956 consent of the company be and is hereby accorded ro the reappointment of r$i chetan R, shah as chaiman andManaging Dircctor ofthe Company for a period of five yea6 commencing frcm 1st Juty, 20t3 and the.emuneraron Davabteto him as recommended bythe Remuneration commifteand as setout in the Exptanatory starement annexed tothe Noticeconvening this meeting, inctuding the €muneGtion to be paid In the event of to$ o. inadequacy of prcfits in any finan.ialyear, with a liberty to the Diectors to alter and vary the te.ns and conditions of the said appointmenr In such manner as maybeagreedto between the Boad of Dil{to6and MrChetan R. Shah j

R€gilte.ed Office:

N l\4-Joshi^4ary,

Date:l8th Mar 2013

AyOrderofth. Bo.rd

K.5,Ragh.van

NOTES:

I . A MEMBER EN]ITLED TO ATTENO AND VOTE AI THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND

VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMEER OF THE COMPANY THE PBOXIES TO AE

EFFECTIVE, SHOUI.D BE DEPOsITED AT THE REGISTERED OFFICE NOT LATER THAN 4A HOURS BEFORE THE

COMMENCEMENTOFTHE MEETING.

2 Corporate Membe6 tntending ro send theirauthorized r€pr$entatives are requestedto send a duly Cenified CopyofEoard

ResolutlonauthorizlngthelrrepresentativestoattendandvoteatrheAnnualGenera![ eeiing

I ExptanarorystatementpuGuantto5ectiontT3(2)ofrhecompaniesAct,l956 n respect ofthe SpecialBueness is annexed

4 Members are requested to send at communicatons relating to shares, unclaimed dividend3 and intimate any chanqes in

the I addressro rhe RegEtrarand shareTransferAgents, l\4/sAdrot cofporate Services Pvt Ltd,19/20,laferbhoy Ind Estate,

1 n F|oor' Ma kwa na Road' |vlarc| Naka, Andhe| (E)' Mumbai4oo 059 ,Adroit', is a Lso the Depos|toly in terface of the company

withbothN5DLandCD5L

5 SUbj€Ctto section 2064 ofthe companies Act ]956rhe D]vdend a5 rc.ommended by the Boa|d, ifaPproved ai the 36th

Annua Genera l,,leeting, wi| be paid to those members whose name stand on the comPanys Registel ot membel3 a5

on 2o.h SepGm bel, 20] 3 |n le3Pect of shalg he|d n 1he e ec tronic folm' the d vidend w|L| be payab e on the basi' ot

beneficial ownershiDfurnished bvNSDLandCDSLforthlspurpose

6 The rnterjm dividend on pfeference shares as fecommended by the Dnectors for the year ended l13t lvlarch,20l3 uPon the

redemptlonof2s,ooo,6%Cumulative Redeemab ePreferenceSharcs be takenas finalone

7 Etectron k Ctea fing Services (Ecs) hetps In qurck remrttance of Dividend wirhou t po$ible lo$/delay in postal transit Mem bers

are reolested to fit n the enctosed form and forward the same to the Cornpanys Req strar and Share Trander Ag€nrs ifthe

sharesareheldin rhe phys catform andtotheDepositoryParncipantin casetheshares2feheld in Demateriallzedtom

8 Underse.t on 2O5Aofthe Companies Act, 1956 dividends that are unc aimed fora period ofseven year are tranlfercd tothe,'|nvestol Educanon and P|otection FUnd',constituted by the centra|Governme.t Accord|nq y the Members who have not

en cashed the d ividend wara nt5 are req uested to encash the same soon

glheRegisterofmembeBandthe3ha|etransfelbooksofthecompanywi|.ema|nc|osedflom]]."september,20]3Io2o'" Seotembet,20l 3 (both davs lnclusive) for d ividend

lO The shareholdeB arc €q !esred to intimate a ny change In thek addre$es to the 5ha reTransfet Agents of the Com pany

l1 The 5hareho der holding ihe (n p In physicalform are req uested to demarerial ze their scrip in electron ic rofm

t2 Asaoarrofcreentntiativeatthemembetrarerequestedtoprovidetheiremar addre$totheRTA/ComPanytoenabetosend

the repods and other nformanon th roug h electronic mode

Dare: l8th lvlay,20l3

By Orderofthe Board

ANNEXURETOTHE NOTICE:

EXPIANATORY STATEMENT PURSUANTTO SECTION 173(2) OFTHE COMPANIES ACT'1956.

Mrchelan R shah has over 36 vears expefence in panninq, opeGtrons, quativ asurance and execution or arge projects n theconstflclion industfv He was reappoimed as chairman and Manag nq o recror (cMD) or the company by the Board for a peiodof three vears and rhat the same was approved bv the members of the company at theThirtyThtrd An n uat cene€ | A4eenng hetd on29th5eptember,20t0 Hhcurenttermexpneson3OthJune,2Ot jMrchelan R Shah s con t.lbution to the com pa ny s invaluable and effecnve pafticipa tion n im ptementing rhe prcjects ofthe compa nycoupled with his unstrnted efforts n maintaining consistency In ope%tionalpedofmance ofthe construction activities and in rhemanagement ofaffairs ofthe Company hav€ leclto continuo!s improvement of irs performance n view of the above, the Board ofDire. tors of the company ar ts meetrng hetd on rhe t8'' Mar 2ot3 has reappoinr€d tMrchetan R shah as chaifman and tManaqrngD recrcr ofthe companyfor a further pefiod of five yea6 with €ffectfrom rst lulr 20t3 on the remunerahon fecommended by theRemu nefa tion Committee a nd the Boa fd of Dire. tor The material proviiions ofthe d raft agreemenr as refened to in the resotu tion a re

REMUNERATIONT

saary shall not exceed Rs s LaG per month wirh annuar incr€menB beinq determined and recommended by theRernuneraton committeeand to beapproved bythe Board ofDirecto. on a y€anybasis Bon!5wiltbe pard in accordancewith lher!lesof theComoanv

coMMtSStoN:

Commi3sion to be pa d @ t% on ihe net profit of rhe Company in a financiat year computed in rhe manner tard down insecnon 309(s) of the Companies A.t, t956 and subject ro a ceitng as may be detemtned by the RemlnerationCommittee/Board of Drrectots

PERQUIISITES:

In addrron to 5ararv as above, the cha rman and rL,ranaqinq Diredor shat be enrited to perqusires tike accommodation(furn shed of otherw se) or house rent allowance in tie! thereof houQ marntenance a owance as permissrbte under awtogether with reimbuAement of expenses or alowances for untftres such as gas, etedricfty, water furni3hinqs repairs andothef allowances, medi.al reimb!Bement, ctub rees and teave travetconceBion for setfand his famiy, peEonaraccdentInsufance and slch orhe. perquisites as are pavable In accordance with rhe rules ofthe company or.s may be aq.eed to bythe Remuneralion Commirtee and/or Board ofD fectors and the Chairman & Managing Direcror However such p€rquisineswrl besubjectroamar mumof too%of thesa ary

The above perquis tes shall be eva !ated as per rhe Income rax Rules wherever appticabte In the absence of such rutes.perqu steswi I beevaluaredatactualco3ts

MINIMUM REMUNERATION INTHE EVENTOF NO PROFITOB INADEQUACY OF PROFITS :

f thecompanyhas made no Profits orits profitsare inadeq!ate, in any financialyearduring the<urcncyofthetenufeofrhe cMD, thecompanv shall Pav 1o the c^ D the a bove 5a la ry and pe.q ! sites as Min imum Remunerarion sublect to the .eiting imits prescribed inScheduleXl loFtheCompaniesAct, 1956

In add tion to 5alary as above, the CI\4D shall be entrted to perquisites lke accommodation (furnished or otheMse)or house rentalowance In lie! therefore house ma ntenan.e a lowance as perrnEs ble under aw together with reihburement or expenses orallowances for utiliries such as gas, electricity, warer furnishing, repai6 and orhera towancesi med i.at reirn bu6ement, ctub fees andleavetravel.orcessionforselfandhsfamily,per50nalaccidenrinsuranceandsuchotherperquisitesasarepayaDrenaccordancewiththe rules ofthe com pany or as may be agreed toby the Rem u nera t on com mhrce a ndlor Boa rd of Directors a nd the cMD

The l\4anaging Directorshallbeent tled ro the following perq!6rteswhich shallnorbeinctuded in th€ computarion ottheceitinoonremuneration speciRed herein above

Contf buiion to Provident Fund,SuPerannuation Fund orAnnuityFundrc theextentrheseeithers ngtyofputroqerherarenottaxab eunderthe IncomeTax Acr, 196l

ii Gratuitypayablearthe.are noterceeding hatfa month ssataryforeach compteredvearofseturce

I Earned prvlege ieave at rhe rate of one month\ teave for every eteven mohths servce The CiMD shal betoen cash leaveatiheendof h 3renureasC[4D

I

rv Provision for car and Telephone communicarion facrtities ar rhe residence of the ct\40 shal nor be tfeared as

The cMD shaI untes prevented by ill health, through out th€ said term devote hjs attention and ability to the business ofthe cohpany

and shallpelfom such dutles and €xerche such Power as thallfrcm time to time be a$igned to or veftd in him bvth€ Boad of

Drecrors and sha .omptywiththeode6dkectionsand regulations fiom time to tihe ofthe BoardofDirecto6 of the companyand

sha we and faithfutty seNe the companyand Ge his utmost€ndeavour to promote the interest thereof. The BGrd comm€nds the

approvalbythemembelsoftherc-aPPointmentofcMDandtheremunerationPayabletohim

TheBoard recommends passinq of theresolution.

Mr Chetan R Shah is con.emed or interested in the said Resolution at tem No,6 ofaccompanying notice as it rclates to hrs own

reappointment. Mr lllayur R Shah being a relativ€ is alto deemed to be interested or conc€rned in the said esolution

A copyoftheagreementforthe reappointnentofMr Chetan R.shah asCI\,IDoftheComPanv rsop€n forinsPection by th€ membe6

at the Registered ofrice of the company & corporate Offic€: 8th Floor, Marathon Max, Mulund€oreqaon Link Rcd, l4ulund (W)'

Muhbai4ooO8O,onanyworkhgdaybetween l looa m and 1 0op.m.

ANNEXURETOTHE NOTICE:

Information required under Clause49 Vt A of the Listing Agre€ment.rhe particula* ofD recror who is proposed to be reappornted ar the ensuhg An nua I generat Meer n9 is g,ven oe,ow p!rsLanr roClause 49 ofthe Listing Aqreement

Name of th€ Director

DateofBirth 01 03 I935 13 03 1956

Date ofAppointment 02-09.2006 3t-03 2003

BCom, LL B, acrs (Lon ),ACs B Tech (Civil Engineeing) frcmllTBombayand

'\4 5, Srructural

Enginee.ingfrcm the Unive6hy of

Expertke in specifl( functional a.eas Experience in Secretarial, Legal andother a lied drciplines

Constr!dion of resrdentia,commercrai& ndustfia I buiidings)responsible for implem€ntins

Other<omDani€s in whi<h Di.e(rorshiD held NL Citade Realty& DevelopeB LtdColumbia chrome (l)Pvr Lrd

Corneil Hsg & Infrastfuaufe

KanchiRehab Pvr LtdLarkConsultancy Pvt LldMarathon Enefgy Pvr Lrd

A4arathon Fiscal Pvt Ltdlv4arathon Nous n9 Pvt LtdMararhon lT Infrastructufe Pvr LtdI\4afathon Nextgen Reaky LtdMarathon NextgenTownship

l,,larathon Nexzone Infrastructures

Marathon Nex2one Land Pvt LtdMarathon Prachln nfrastruct!res

Marathon Realty Pvr LtdMarathon Securities & Propert es

Ma ra thon Venture! Pvt LtdA4avix Enc aves Projects

Developments Pvt Lrd

MatrlrWaste f',lana9ement Pvt LtdMafiixWater Management Pvt Lrd

Nextgen B!ildcon Pvt LtdNext9en City Container Depot

Nexlgen Crty Energy Pvt Lrd

Nextgen City Utilties Pvt Ltd

NOTICE

Nexrgen CityWater Manaqement

Nextgen Green Hous n9&Commer.tal Enclave Pvt Ltd

Nextqen Land Pvt Ltd

Nexzone FiscalServlces Pvt Ltd

Nexzone T nffastructure Pvt Lrd

Nexzone Land Pvt Ltd

Nexzone Utilitres Pvt Lld

sanvo Resons Pvt Ltd

5varnim Enterprises Pvt Ltd

Other public (ompanies in whi<h membershiPofCommitte.s of Dire<iors held

NL 1\,4arathon Nextqen Realty Ltd

No. ofshares held as on 3l.l Mar<h,2013 NIL 1500

DateilSth May,20ll

By order ofthe Board

The DifectoA have p easure in subhilting theirThirry sixth AnnualRepo.t togetherwith the auditedthe year ended 31st l,4arch,20t3

WORKINGRE5ULTS:

accounts of your Companyfof

3l sl Mar<h 2013(l La<s)

3lrt Mar<h 2012{l !a<s)

Profit/ {Lo$)before Depreciat on, interen andTaxariorj 5,t 43 9,1j3

27 41

5,t l6 9,692

447 908

8,784

Less / (Add): Provision forTaxaton (218) T,681

Add:Pior per od adju3tment

Pfofit / (Los) aftertax after adjustment 4,987 7,101

AddrBa ance Bfought Forwardfrom previousyear 13,714 11,998

Less: Divrdend on Prefefenceshares hc !ding atrea6thereon

Le$ Drvdend o. equilyshares Rs 4 5o/5hare 85s 759

Tax on distribuled profits 145

Less Transfer to GeneralReserye 3,000 4,500

Ba ance.adied to Balance 5heet 14,705 13,717

Earn ngs pershare -ba3icaid dituted (l) 26 3A 37 45

DIVIDEND:

rhas beenthe consistentpolicyoftheCompanylo adequarelyreward itsshareholdefs Even thouqh profirs fof the.urcnt financialyeararelowefth.nthePreviousyearyourdrecto6a.epleasedtorecommendahigherdivdendofRs45o/ persna.e(4s%),comDaredto thepreviousyearof Rs 4 pershafe(40%)

The Direcm6 would like to inform Members rhaf:3 on lvarch 31,2o'r3 the 6% Redeemabte cumutative pr€fercnce capita ofrhecompanvwe@ fedeemedo!tofthe proRtoftheyearandtheaccumu ateddividend thereon has been paid whkh is ptaced before vou

rhe d ividends pa d wou ld be tax free in the hands ofthe 5 ha rehoiders as the D vidend Distribut onTax w I be pa d by the com pa ny.

FUTUREPROsPECT5:

Your cohpany is a 40% stake holder in a SpecialPurposevehicle fof the deveopment ofpfestiqious parcels ofpropelties in south

^lurnbaiand lhe Eastefn suburbs lt is expected that the pfoiect in South M!mbarwould commence shorrty. Durinq the year undef

revrew the 5pecia I PL rpose Vehic e which was a Publi. Lim ited Company has been converted in to a Limited Lia bi iry partnership

The Jorn t ventu re project n Ba nga lore i3 slow in taking off However wlth rhe im provement of marker conditions in Reat Enate nBanqaoreitishopedthatconsiderablep.ogresswoutdhappehd!rinqthecuftenryear

nnova a t Lower Pa rel was the first con m€r.r.l venrrtre by your Com pany and is a des gna ted pr vate Tech notogy park tt is 5ri| a solghiafteraddressrnLowerPare andthereareontyrewun ts nrh sproje.tthatareyettobesotd

DrRFatoR s ttFoSt

DIRECTOR5:

Mrv Nagarajan, Director retircs by rotation a nd being eligible offe6 himselffor reapPointment

M.Chetan5hahSrermaschatrman&N,lanaqngDirecto.oftheCompanyexpireson3oth.l!ne,20l3Consderingtheadmlrablewavin

which he has sree.ed the company, yourdirectors have recommended his reappointment fora fu herpenod offveyea6on rev sed

termsandconditionsthatarecontainedintheNouceconvenrnqtheAnnua General l,'leeting

Bief rcsume of th€ Directof seekrnq reappoinrment, nat! re of then expe ence In specific fu nctiona a rea and names of the companies

in whichtheyhotd dtreclorshipand membe6hip/chakmanshipofcommilteesofthe Board,as nip!lated underclause49oftheLEt n9

A9 reement with the sto<k Exchanqe fom pa ft of this Annual Report

DIRECTORS' RESPON5IBILITY STATEMENf :

pufslant to the requirement under Section 2r7(2AA)ofthe Companies Act, 1956 with fespect to Drcctors responslbr rty it rs hereby

(i) in the preparanon of the annla accolnts, the applicable accounti.g {andards have been fo lowed along with proper

explanation re atin9tomaterialdepanures

(i) rhe D recto6 had selecled suchaccounting po icisand applledlhem consistently.nd madejudgmentsand estimatesthat are

reasonabteandpr!denrsoa3togivearrueandfairviewofthestateofaffak3oftheCompanyattheendofthefinancialyearandof theprof torlo$of theCompanyforthatperiod

(iit) the Direcrors hadraken proper and sufficientcare for the malntenance ofadequate accountlng records In accordancewith the

provhonsofthisAcrforsafequadtnqrhea$etsoftheCompanyandforpreventnganddetectingfraudandotheri/req!larities

(lv) theDirecto6hadpreparedtheannualaccountsona90ingconcernbasis

FIXEDDEPOSITS:

Your Company has not accepled a ny deposits fiom the Public or lts ern plovees d u ring the period u nder review

PASTICULARSOF EMPI.OYEES:

Except the chairma n & Man.ging Director none of the employees are covered ! n.le. Section 21 7(2A) of the Com panies Act' I 956

CONSERVATIONOFENERGYTECHNOLOGYABSORPTIONANDFOREIGNEXCHANGEEARNINGSANDOUTGO:

In view of the narure of actviries which arc being catred on by the company, Ru es 24 and 2B of the companies (Disclosure ofparticutaB tn the Beport of the Board of Dirc.tore) Rules 1988, .oncerning conservations of enerqy and technoloqy absorption

respecrively, are not applicableto rheComPany

There were no foreign exchange ea rn ings a nd outgo during the c! (ent per od

LISTING:

The Equrty shares ofthe companyare lsted with the Bombay stock Exchange Limited The company has al/eady paid the Annual

ListingFeesfortheyeaf 20l 3-14

DEMATERIALIZATIONOF 5HARE5:

The membe6 a.e aware thar the Company5 eq!iry shares are unde. compulsory trading in dematerialized form for a I caiegones

CORPORATEGOVERNANCE:

Aseparatesection onCorporare covehance toqerherwith acertlficarefrom a Pfactrcrnq Company Secrelary regardinq complianceot

conditlons ofcorporate Governance a3 sipulated u nder clause 49 of the L sting Agreemen t forms pa ft of this Annual Report

AUDITOR5:

Mt Haribha ki & Co , Chartered Accou ntant3, renre as the 5ratutory Auditon a t rhe conc ! eon of the 36th An n ua General Meetin9 and

beingetigibteofferrhemselve3forre-appointment A certrfrcate from them has been received to the effect that the r re appointmen t a s

Statutory Aud itoB, if made, is with in fte lim lts prerribed u nder section 224 (l B) ofthe Com pa nies Act l 956

ACKNOWLEDGMENTST

The Board ofDirecroB takethis oppotrunity toexpress irs !incereappreciation forthe exce lentsuppoft and cooperation extended by

theshareholdeB, banke6,customers,3upplie6/associatesduf n9 theyearunderfeview

The Board whoteheartedty acknowledges the dedicated and 3incere efforts, a nd seNices put in by the employees al al levels In the

Companydur ngverytfy n9 tlm€s Therdedi.atedeffoftsandenthusiasmhasbeenlntegrallovourcompanvsgrowth

Dater lSth May,2Ol3

Forand on behalf of the Board

Chetan R. shah

Chatrman &Mana9in9 Dlrector

.r' I II: I, "

"

rhe l\,4anageme. r of the company s pleasedto pfesent this repodcoverinq theacnvites ofthecompanyduring theyearended onMarch 31,2013

It was perceived that $e economic dow down would be.onta ined in the financial yea r 20 I2 r3 Howeveritwas norso Thereatestatesector s witnessinq hrgh debt, mounting unsold inventories and stringent regulato.yclurches Whitethe housing s€cror has shownsome s u n shine, the dema nd for Com mercia I un ts were absolutety mute particu tarty in M [,4R region

l. lndurtrystru(ture.nddevelopment:TheRea tysectorcanbebfoad ydividedintoResidentiatandCommercial

Residenti.l Real E*ateIhecontln!o!sslowdownofthe ndlaneconomysince2oosandtheoutlookofeconomiesarenorfavourabteto ncreasetheexports Hence the Indian economy has to ook inward for avenues to gfow One productve way to spur demandwou l.l be rc addres the issue of 5 hoftage of houses in the cou ntry

Commer(irl Real EstateMo3t ofthe estab hhments are looking to pfe ease office spaces to take advantage ofthe favorabte terms cutrenty berngoffered, as the outrghr sales are nor happenrng at latsfactorv evets Demand afe expected to be srabernrouqhout hdraHowever there is expected to be a commendable demand fo.5ma Lt bu siness spa.es

oppo4unitier andThreats:urbanizationhasbeenp.ogressingraprdvfromaroundrro/onrgorto3r%rn2ollandisexpectedtoreach4r%by2o3oResrdentapricesareexpectedtofiseinalmoqallthemetropolitancitiesTheReatysector.onvtbutedto65%ofthe.oontrysGDP n 2012 (10 5% in 2011)and E rhe second largest emptoyment qenerator afrer aqricuiture The tota/revenue or he realestatese.torwas566Sbndurinq20t0 tl By2020,thesectorisexpectedtoearnarevenueofStgObn

TheRealesratesectorhadhighexpe.rarionfromBudget20l3butirremarnedunfurfiledrhesectoramajorgrowthdrverofthe ndian econohy has once aqah been eftwthoutthecoveted"lndustry/3tatlsres!ltedindisabrtitytoacce$thedebtsarrm proved nteren ratei a nd reduced co larera I ctai ty on many issues u nder the nega t ve i$ reqime of service tax, red uc t on ofelc se dltv on cement and exemption from seruice raxfor affo.dabte housinq Therwo foid In(ease in exc se dutyon marbte,enhan.es the construcnon cost No steps have been taken ro addre$ rhe tong sranding demands su.h a5 removal of thecascading effect on the namp duties and rationatzation of namp duty fates, a rngte window ctearance mechanism torapprovah,ihplementationoftheReaEsrareRegutatorybttandtbe.atizationofFDlforthesecior

Seghent-wise or product,wise performance:

i The Compa ny s focus is on the residen tia land commerc a segments

iTheCompanyisoftheopnionthatwithitspresentcorecomperenctesthasa3ignifrcantfotetoptaynthrsarea

ii To th r end the Com pany has entered Into joinr ventu res wh ch in.tude:

a Thedeve opme n t ofa cohmercral .omplex with a grcupcompany

b Deve opmenrofproperties inSouth M!mbaiand theWestern Suburbs

with the pfoposed p.ojects the com pa nv look' ro the fu tu fe w th optimism The com pa ny is confiden r of susta ned g fowth intheyea6ahead rhec!iientJVs&sPVs nwhkhvourcompanyisa partytothecontractw Iy etdgood feturnsto thecornpany

Apart from the n.rease In land pricesi Input co38 have also been .onsrantiy ncreasinq Hiqher inreresr cosr wou d dentmarg ns and may have a drc.t effe.r on the customers'cash ftow a3 wet Increase n end product prices co!pted with riqhtliquidirymaylmpactdemand rhevario!s taxesand ev e5woutd add tothecostsand rh 5 is tiketytosqueezemarginsas rheendproductpf ices maynot go upcofiespondingly

TheCompanyhasaR skManagemenrPoIcy,whichisbe nqpenod cattyreviewed

Intern.l <ontrol rystems and theiradequacy:The in te.nal control is su pp emenred bv a n extensive n terna a ud ir, review by managemenr a nd aud i commrttee, docu mentedpoikies and 9!ide ines and procedures The interna audrt.over3 a acrivites of lhe compa ny. Th€ interna conro sy3tem sdes qned to ensu re that every aspec r of the com pany 5 act v ty is p.openy monrtored Despite thesatisfactoryr!ncr oningofthecontro3ystem5ithecompanyisreviewingthesameandhasappoinredexternat.onsutrantsto.ritcatyexaminerheexstinqsystems a nd suggest .hanges, ifany, to make them more contemporary.

u.

,

Vll.Dis@55ion on linan<ial perfo.man<e with resP€<t to oPerational Perfo.man<e:

20l2-13 2011.12

8,56200 11,595 29

EBIDT 5,143 00

347 0A 907 A9

27 0Q

PrcfiV (Losr) betore tax 4769 00 8,783 89

4987 0A

vlll. Materi.ld€velopments in Human Resour(es:

Thecornpanv has harmonious employee relarions and there s close interac t on between the mana9ernent and em ployeee to

facitita te smooth funcrioning of our organizational activ ties The Company facrlltaies conesten t imProvement 1n perrormance

productiviryand effecnveness by settrng tarqeEthro!9h an interactlve proce$ H!manresourcesarebeingrecognizedasone

ofthecriricatareasrothesucce$ofourorganization Theyaresubjecttoconstantt.ainlngtoaugmenttheifskillstoeffecuvely

canyo!tthelrassi9nment

lx. Cautionarystatement:stotem.otsinthjs|.portonMon1gehentDis.us'ionondAnolysis.Ies.|ibi^gtheco,nPony'sobk.rive''prcjecrjon'e'timotes,,pe.totionso|p|ediclionsnaybe|dwo|dtookingst1tementswithintheneoningo|awli.cb|elowsotrcgulolions.fhesettotem4ts ar. bose.! on ceftoin ossumptio^son l rcotonobleexPe'lotionoltutur2 'vents'

Actuolrcsu|t|cou|.Ihow.ve|.Iitf'mate.ioyfrcmthos?exP|essedo|inPlie.!.lnPolto^tfo<torsthot.ogldmok?o.Iif|ercn<etotheconp'ny'soPerction'in.!u.'emateiolovailobilitydn.!p|i.es'.y.t.al.lenan.IandP|i.ingin|heconpony\p|in.iPolno*et,.honge'ingovennentrcg!|ations!toxrcgine''e.ononi.developdentswithin|n.Iiaandothe|in.i.'ento!t4.to6.ThecnPdnyossumesnoresPonsibilityi^rcspe.to|thefo|wo|d.Iookin9stotemenlshe|ein,w h i<h n o y ! nde ryo.h d o ges i n tur u rc o n r h e bas i 5 ol t u tB e q ue nt.! eve I oP m. n t'

TheMarathon Groupin generaland ^4ararhon

Nextgen Realty Limited in particuiariscommittedtotheadherenceofallcomptiances inliue spifit, at allhmes and the adoption ofthe best practices conducivero maintain good governance. Ou nherent desireto improveand innovate bringso!tqood governance practices which refiectand redefinerheMararhon.uhureatevery porntortime althisisdeepy inqrahed in our varue svstem and forms part ofthe strateg c rhought process our ph|osophy ma nry resrs on five basic

I BoardaccountabilitytothecompanyandsharehotdeBasawhote,

i 9uidanceandeffectNemon toringbytheBoardinjtrictterms,

ii protection of m inority inlerests a nd / ohrs

equitabletreatmenr toa lconcerned

transparencyand timely disclosure,

KeeP n9 in view the above philo3ophy, the company has been stnvhg continuous/yfor mainraining exceIence throuqh adoprion ofgood governarce and disd6ure practices Thecompany hascomp ied and/orhas been comptying with tne prov srons conta ined inclause 49 ofthe Listing Agreemen t (as a hended) as dec ited hereunder:

2.

t. MANDATORYREQUIREMENTS:

i P.opercomposrnonoftheBoadof DirectoB

ii Timely d issem Ination ofma rer a in Forma tion ro rhe shareho deE con.erning their in ter$tsi i Transparencyandaccounrab hty

N Adequatelntelnalcontfo measufsand

v Compliancewiththeapplicablelawsandregutations

BOARD COMPOsITION ANOPARTICULARS OF OIRECTORS:

The presen t strength of Boa rd of Direc roB ofrhe com panv is six Directofs The com position ofwh Kh is as foIow5rChairman & A4ana9in9 DirectorVice Chairman & Director

Nonpromoter wholeTimeDtrectorNonExecutive IndependentDrcctorNonExecutive IndependentDirecrcr

6 ^4rPadmanabhaShetty

Non-Erec!rive tndependentDirector

The Board of Direc(oA ofrhe compa ny are q ua rfiecl and expenenced

(0 Eoa.d/CommitteeMeeringsand proceedings:

The company has a methodrcar and we rdes gned process of pracing vita and sufficient inrimaton berore the Boafdperta nrngtobusrnessto beconsidered ateach Board l\4eeting Thrsenabtes themernbereofthe Boardtoactivetvand free vpartrclpateindiscus3ions n the meeting and the Board inrurn is abterotake corectiveand apprcprtatede.tsion based o;the avaiableinputsfrom themembeBoftheBoard rheMembeBofthe Boafd area so updated uponvariou5evenrsasarerequned !ndertheL6tingAgreement

on the advice of the chanma n &Manaqing Director or the company and in comptiance ofrhe secretafia standards,thecompany Secretary after co lecting and co tatinq detais and infofmation frcm rhe.oncerned deparrmenrs rinarizes rheagenda ror the Board Meetrng which is drstribured to at mem be6 ofrhe Board welt in advance

Numberof Board Meetingr held andthe dateson whi<h hetd:Four Boafd A4eenng3wereheld durinq rheFinanciatyearended 3tstMarch 2ot3onrhefoIowinqdatesl

30thMar20t2; t4thAuq!st,20t2; gthNovember,2Ot2 and thFebruary20t3

The company has obtarned the requisire discrosures from the Directofs in respect of their difectorships In orhercompanies compos non ofBoard ofDirectorsandrhe I attendan.eat the Board meetingsduring the penod and atrhelast Ann ual General Meeting as arso number of other directo6hip/ membeBhip ofcommines of other companies are

(iD

REPORT ON CORPORATE GOVERN NCE

Category of Dire.torshiP

AGM in<luding

Cha rman & Managifg Director

00t35296 35 NIL NIL

Vice chairman & Orecror

00r35504 l 35 NL NIL

00r35602 NL

00135714 3 NIL NIL

00269642 l NIL

Mr Padmanabha Shetty 00411761 3 NLL

The oarticuta6 ofD rectorwho are pfoposed to be re-appointed atthe ensu ng Annual Genera I Meetrng is given below pursuant to Clause49 ot the

Name ofthe Dire<tor

Date ot Binh 01-03i9t5 t3 03 I956

Date ofAppoinlhent 02 09-2006 3l 03 2003

BCom, LL B, ACIS (Lon ),Acs B Tech (Civil Engineering) rrcmllT Bombay and M 5.StructuraEngineering from the Universityof

Expertise in spe.ifi<functional areas Experience tn 5ecretarial, Leqal and

other alled di<iPlinesConstlu.iion of residential,commercial & industrial bu ldings;responsible for im Plementinq

other (om panies in whi(h Dire<torshiD hetd NIL C tadelRealty & Develope6 LtdCo umbia Chrome (l) Pvt LtdCornell Hs9 & lnfrastructure

Kanchi Rehab Pvt LtdLarkConsultancy Pvt Lrd

Ma.athon EnefgyPvt LtdMarathon FiscalPvt Ltdfv4arathon houslng Pvt LtdMararhon lT Infrastructure Pvt LtdMarathon Netrqen Reaky Ltd

^4arathon Nextqen Township

Mafathon Nexzone nfrastructures

Marathon Nexzone Land Pvt Ltdl,4arathon Pra.hrn Infrasrf uctures

Marathon RealtyPvt LtdA4arathon Securitie3 & Propef ties

MarathonVentures Pvt LtdMatfix Enc aves Proje.tsDeveiopmenrs Pvt Ltd

MatrixWaste Manaqement pvt LtdMatrixWater Management Pvt Lrd

Nextqen 8ui dcon Pvr LtdNextqen Ciry Containef Depot

Next9en CityEnefgyPvt LtdNextgen City Utilities Pvt LtdNextgen CityWater Management

Nextgen Green Housing &

CommercialEnc ave Pvt Lrd

Nextgen Land Pvr LtdNexzone Fisca Servrces Pvt LtdNexzone lT nfrastructure Pvt LtdNexzone Land Pvt LtdNexzone Uti|hes Pvt Lrd

5anvo Re3or6 Pvt LtdSvarnim Enterp.i3es Pvt Ltd

Other publi. (ompanier in whi<hmembeFhiDof Committees of Directors held

NIL Ma.athon Nextgen RealryLtd

No. ofshares held as on 3l st March,2Ors NIL 1500

REPORT ON CORPORATE GOVERNANCE

IV. NO. Of sHARES HELD AY NON'EXECUNVE OIRECTORS 45 ON MARCH 3I,20I3:

NAME OF THE DIRECTORs NO, OF sHAREs HELD

NIL

NIL

Shetty NL

4. AUDITCOMMITTEE:

4,1 Composition, Meetings and Attendan<e:

Dunnq theYear ended March 3I , 20 I 3 four Aud rt Committee Meen nqs were held on the following dates:

3othA4ar2O12;14thAugust,2012;gthNovember,2012and I lthFebruarr20l3

TheconsritutionoftheCommitteeandtheattendanceofeach N'lemberofthe.omm tteeareg ven be owl

Executive / Non -Executive / Ind€Pendent (ommittee Meeting attended

Mr Padmanabha 5hetty

4.2TermtolRelerene:

O theCompany sfinanc alreporting process

(ii) dl(los!reof financia hformat on

(i i) theperiodica andann!a fnancial3tatements

(v) related pa fty ransa.tion s

(vJ riskase$ment

(vi) adequacyof intemalcontrol

(vil) perfomanceof Audlto15

5, REMUNERATIONCOMMITTEE:

The Remuneration Committee detemtnetreviews the remune.ation of Manaqerial personnel viz, ClvlD and Whole_ume

Director [4 r V Ranganathan, l\4r V Naqarajan a nd 1\4r 5 Eamamurth i are the mem be6 ofthe committee

ThemeenngoftheRemunelationcommitteewasheldonA4ay]5,20]3dur]ngthepeliodUndellevewr.detelmineandrecom mend the Commission Payable to the Chairman a nd I\,lanaging Dtrector

Detaik ofthe rem u nerarion Paid to the Directof3 of the Company dunng the peiod ended Mar'h 3 I , 20I I a fe 9iven below:

Salary

48,00,000 4,00,000 72,00,000 1,24,00,000

Ni Ni

Nil 30,000 30,000

Nil 33,000 33,000

Ni N] 39,000 39,000

M. Padmanabha 5hetty NI 52,000 52,000

6. SHAREHOLDERS'/INVESTORS'GRIEVANCECOMMIfTEE:

Thefo low ngarethemembelsof theShareholde15 /lnvestors GrievanceCommitree

Thecommitteedealswthrhevariousmane6 re ating tol. transter/transmissionof shares. h3ueofdupircate3harecertificares. review of shares clemarerial zed and a llother mane6. mon itonng a nd exped inous rcdressal of investoB 9 fieva nces. allothermattersrelatedtoshares

D!ringtheFinancia Yearended3lstl4arch2013] I complarntwasrecelvedbytheBegistrarsAltrequests/comptaintswereafi ended to promptlyand resolved tothesatisfaction of rheshareholde6

7, GENERAIEODYMEETINGS:

Locationandtimeof lastrhreeAnnualGeneratMeetings:

a. DtsclosuREs:

Rel.ted PartyTransr.tions:

Re ated PadyT.ansactions under clause 49 ofthe Listing Agreemem are defined as the tfansactions ofthe Company ofa materialnature,wth its promote6, Directorsor the managemen! theirsubsidianes orrelarives,€tc that rnay havepotentrat.onflictwrhtheinrerests of the Cornpany at large

There were no materialtransactions with re ated paftis durinqthe fnancialyearended or March 3t,20tJ which are pejudiciattothe Interest of the Com pany and it3 sharehotde6

Transact on s with re ared parties a re disc! $ed in Note No 28 to rhe acco! n ts in the Annuat Repon

9, St.tutoryCompllance,PenaltierandStri<tures,

The companv has complied with allrequrcments of the Listing Agreement entered into wth the stock Exchanqe as we as thercgulationsand guidelinesof 5EB

There wefe no stric tu fes or penahles impored by either SEBr or the Stock Exchanges or any sratutory Au thority for non comp|ance ofanymatterreratin9rothecapita marketsd!rinqthetastrhreeyea6

IO. MEANsOFCOMMUNICATION:

The qlarcrlyand half year y results ar€ regularly submitted to the srock Exchanges in accordance with the Lrsrrng Agreementandare pub i5hed inoneEnq|[hclailynewspaperandonevema.utardaitynew3paperhavingadequatecifcu ar on

The ^4ana9e

ment Dis.ussion and AnatysE Repo( forms palt of rh s An n !a I Report

Therewerenopresentahons made rothe nstituronatifvesro6oranatysrsseparatety

2009 r0 Nehru Planeianum, Nehru Centre, Basement HatlWor r, Mumbai400 018

29 09 2010 NIL

20t0-rI Nehru Planetarium, Nehru Centre, Basemenl Halt,Worh, Mumbai400 018

20,09201l l2 30 p.h, 2 (Iwo) NL

20t 1 12 Nehru Panetanum, Nehru Centfe, BasementHatt,Woni, Murnbai400 018

2A A9 2A12 ll30am NL

1 1. GENERAL5HAREHOLDEE5 INFORMATION:

AnnualGeneralMeeun9

Lirtingon5tockExchan9es

(b)tStNinNsDL&cD5L

l6th A. nual Genefal Meeting

20rh september,2013 at I1:30am

NehruPlaneta u m, Nehru centre, Basement Hall,Worl , M u mbai 400018

15tApril2012 to 31s t tvlarch 2013

I trh september,2013 to 20th 5eptember,20I 3

The Bombay Stock Exchanqe Limited

503101

tNE182D01012

STOCK PRICE DATA:

Table below gives the monthly highs and lows of th€ ComPanvt sha re3 on the Bombav Stock Exchange Lrmited (BsEl :

Registrar &Transf er Agents: Adroit Corporate 5eryices Private Limlted

l 9/20 Jafelbhov Industria Estate, l st Floot Ma kwa na Road Marol Naka, Andhei {East)'

Mumba i 400 059- Emai : ad roits@vsnl ner

share Transfer Sysiem :

Share transfeE are registered and duty rransfetred share certrficates are fetufned ro the lodger within a penod of fifteen days

from the date of re(eipt, ifthe do.uments are otheMlse in order

5ha|etlansfersandotherre|atedlequestsa.econsideredfo.applova|everyfonnghtbythe5ha|eTlansfercommittee

MONTHS(Years 2012.20tr)

HIGH

(r)LOW

K)

SENSEX

HIGH LOW CLOSE

164 00 146 05 17,66410 r7,01016 17,318 8l

t55 90 13100 17,432 33 15,809 7l 16,218 5l

156 8s tlt 50 17,44A 48 15,748 9A 17,429 9A

16180 139 50 17,631 t9 16,59848 17,23614

14995 117 )5 17,97254 17,01697 17,429 56

162 90 r25 00 18,869 94 17,254 A0 1A,7627A

17475 140 00 19,137 29 18,393 42 18,505 38

149,90 124 95 19,372 7A 14,255 69 t9,33990

149 80 13010 19,612 r8 19,149 03 19,42611

l6t 95 139.65 20,203 66 19,508 93 19,494 9A

147 85 6 r0 19,96669 14,79397 18,86t 54

159 00 |010 19,75466 r8,568 4l 14,43577

Dbtribution ofsharehold n9 as on 3tst A4arch,2Ot3:

r - 500 4456 92 35 j,72,707 r96

501 1000 162 3.36 1,16,902 062

t00t 2000 a7 r80 1,24,268 066

200t 3000 26 054 62,941 033

3001 4000 l5 031 51,700 427

4001 5000 24 050 1,08,658 057

5001 - t0000 2) o46 1,54,514 042

33 068 179,66,540

4425 100,00 189,58,320 100 00

oematerialiEtionotShares and Liquid[y:

Thestat!sofDematerialized/Phye.alsharesoftheCompanyason3lstMarch,2Ot3isasunder:

Resident Indrvid!als ),24,474 16,41,762 17,22,616 063 445

NRls/CB/Fll |,27,046 1,27,0A6 067

64 542 1,42,166 2,A6,70A 034 475

488 t5 503

495 1,485 005 0 0lPromoter group, includin9 D rectore,rea tives & I68,99,8t 2 1,64,99,412 89 t4

t,96,a94 ra7,71,tt6 189.54,230 0.94 99.O2

cate9orler of shareholdeE a5 on 3 t st M.rch, 201 3:

REPORT ON CORPORATE GOVERNAN<E

ou tsta nding GDRy ADtu/Wai.ants or any convertib e instrumenrs .onvefsion date a nd tikety impact on equiry Not Apptrca bte

tr

t%l

J 1,68,99,A12 89 14

2 6 501 000Financial In5ritutron / Banks 2 1485 0 01

corp. Eodres, cl i,4embers, Broke6,Trusts 117 2,46,704 1,09

NR s/OCBs/Flls 36 1,27,086 067

4657 17,22,636 909

4425 1,89,5a,230 r00

Addressfor corerpondence :

The 5hareholde6 may send their queries to the e'ma I address, shares@mararhonnextgen com, proactively hanaged by the

Compzny,undertheShareholders/lnvestorsGrievanceCommitteeatftscorporateofficei

Maf athon Nextqen Realry Limited

8th F oor,l,,larathon I\4ax,

Jnof MulundGoregaon LinkRoad,

Ie:02267J24474

Marathon Nextqen Realry Limted

N M JoshrMarq,

Lower Parel (West), [4umbai 40001 3

Iel :O22 24925A69/ 24963541 Fa\:022 2496 3560

Websiter ma.athonnextgenreahy.com

Regirkarand 5h.reTransf€rAgents:AdroitCorporate Services Private Limited

t9l20laferbhoylndustrial Estate, I srFloof,

N,la kw. na Road, Marol Naka, And heri {East), l,'lu m bai 400 0s9

Iel :O22 2A59 4060/ 6060/ 4442 Fax:0221450 3744

e mail:adroits@vsnl net

Secr.tarial Audit Reports:

Quarterly Secretanal A!dit nepons were furnished to the 51ock Exchanges on the fol owinq dates:

30thJune,20l2

3 I st l,larch, 201 l

17 07 2012

191A 2012

27 01 2011

1204 2013

De.larationregardingCompliancebyBoardMembe15and5eniorMan.gementP€.sonnelwithCompany'sCodeofconduct

The Members ot Mar.thon Nertgen Re.lty Ltd,

5ub: DeclaEtion by the Managing Director ! nder clause 49 D(ii) of the Listing Agreernenr

I, Chetan R Shah, Manag ng Directorofl\4arathon Nextgen Realty Ltd hereby declare that all members ofthe Boafd ofDirectors andSeniof l\ a nagemeni Personnel have affifmed com pl a nce w th the Code ofConduct for the yea r ended /\4arch 31 ,2Ot 3

Date: lath Mar 20t 3

Chetan R Shah

Chanman & M.na9in9 Dn*tor

Certificateon Complian.ef roh the Pr.Gticing CompanySecretary

Certiiicate ofthe Pfactio ng Company 5ecretary has been obtained on the com pl a nce of cond irionr of rhe Corpora te Governa nce inreference toClause49of theListinqaqreementandthe3ameisannexed

Dater I8rh A4ar20tlChetanR.Shah

certifi(ateon corporate Governan(e

MARATHON NEXTGEN REALTY LIMITED

lhave examined thecomp iance ofthecondiuons ofGovernance by Mafathon Nextgen Reatry Limited (,the Company) for the yearendedMarch3l,20l3asst pulared inClause49oftheListing Agreementofthesaid Companywith the BombaysrockExchange

The com pl a nce of the conditions ofCorporate Governance h the responsibility of the managemenr, O! r exam ination w.s timred toprocedures and mplementation thefeot adopted by the Company for ensuring the comp iance ofthe conditions ofCofporateGovernance ltisneitheranauditnoranexpressionofopiniononthefinancia statementsofrhecompany

In myopinion and to the best ofmy informaton and according torheexplanations given to me, tcertitthat the Company has.om plied with rhe cond tions of Corporate Governa nce as 3tipulared in Cta use 49 of the above menhoned Listing Agreemen t

I further state that such compliance is neither an assurance as to the flture viability of the Company nor the efficiency oreffectivene$ with wh ch the managemen t has conducred rhe a ffai6 of the Com pa ny

ForS Krishnamurthy&Company

5d/,

Prop S KRSHNAMURTHY

Aas 7231/ aP 2120

Dater l8thMay,2013

' .:.: REPORT ON CORPORATE GOV€RNANCE

TheMembersof MARATHoN NEXTGEN REALTY LIMITED

ReDorton the Financial statenents

We have audited theaccompanylng financial statement3 ofMARATHON NExTGEN FEALTY LIIVITED ("the companv'), which comprise

the Ba ance Sheet as at March 31,2013, and the star€ment ofProfitand Lo$ and Carh Flow Statementfortheyearthen ended and a

summary of s gnifcant ac.ountinq policies and other explanatory intofma t on

Management's Responsibilityfo.th€ Flnancial statements

Managemenr r responsible fofthe preparation ofthese fnancialstatements that glve at.ue and fair v ew of the frnancialposirion,

rinanciat performance and cash flows ofrhecompany in accordance with the Accounting 5tandafds refefred ro in sub section (lC)of

secuon2t I ofthecomoaniesAct,lg56("theAcfl Thh respons bi ilyincludesthedeeqn,imp ementation andmalntenan.eoiinternal

controtretevant tothe preparar on and presentarion ofthefinancialstatementsthatgivea true andfairviewand arefreefrom materlaL

misstatement, whether d !e to fraud or enor

A0ditors' Retponsibllity

Ourfesponrbrtityisloexpressanoprniononthesefinancia statements basedon oura!dit We.onductedouraudltin accordan<ewith

the Standafds on Alditing ssued bythe Insritute ofchartered AccounranB of ndla Those standards fequ re that we complywth

erhica reoutrements and otan and perform the audlt to obtain rcasonable assurance about whether the ilna ncial statement3 are rree

fiommater almlssratement

Anauditnvotvesperformingprocedu.estoobrainauditevrdenc€abouttheamountsanddi3closuresinthefinancialstatementsThe

orocedures se ec ted depend on the aud to6 j !d9men t, including the a$esment of the risks of matena m isstatement of the financial

statements, whether due ro fraud or eror n making those risk assessments, the audiror conslde6lnterna control relevant to the

Company3preparattonandfarpresenranonofrhefnan.ialstaremenrsnofdertodesigna!dirpfoceduresthatareapproPrlateinthecircumsrances. An audit aho includes evaluating the appropfatene$ of accounting pohcies used and the rcasonabeness or the

accoundngesumatesmadebymanagement,aswellasevaluatrnqtheoverallpresentationofthefnancralstatements

Webelieverhatthea!ditevidencewehaveobtainedissufficlentandapp.opriatetoprovideabasi3forourauditopinion

In o!r opinion and to the best of our information and according to the eiplanations given to us, the financial sratemenB give the

information requned byrhe Act tn the manner so rcquired and give a t.ue and faif view In conforrn ty with the accounr ng pinciP es

generallyaccepted in India:

(a)inthecaseoftheBalanceSheet,ofthestateofaffatrsoftheCompanyasatlvl.rch3l,20l3;

(b) in the case ofthe Statemeni of Pfont and Lo$, ofthe proft for the vear ended on that dare; and

(c)inthecaseofthecashFlow5taGment,ofthecashflowsforthevearendedonthatdate

I Attenrion rs nvtted to Note No I 3, with rega rd to investments of Rs I 25,02,62,000, ret! rn on which would accrue to the company

onlyon the investee Company.eachingthe specified prof it leve

2 Anen t on rs invired to Nore No 23, with regard to o$ on rransfer of fixed a$ets a mounnnq to Rs 4,41,20,943l- d ue Io write off fe a t n9

to the Era Club Ho! se u oon transfer of the same to the Society,Th , has been charged to Prcperty Development Expenses

Ourooin on isnotqualified in respectoftheabove mattefs

Reporton Other Legal and RegulatoryRequirement5

I As requked by the com pa n ies (A!drtors Repoft)order 2003 ("the orde/') rss!ed by the central GovernmFnr of lhd ia In terms ofsub

secrion (4A)of section 227 ofthe Acr, we glve in the Annexure, a statement on the marteB specified in paragraPhs 4 and 5 of lhe

2 tu required bv section 227{3) ofthe act, we report thati

a we have obta ned attthe Information and explanatlons wh.h to the best ofour knowledqe and beliefwere nece$ary for the

ourDo.eo' our audile{ eptlot t'emarar de (rrbed '_heBdr .'o Oudl fieo Opin o- pdrootaoh:

b in olr op nion proper books of account a, requied by law have been kept bv the Companv so far as appear from our

examination of those books;

c the Batance sheet, statement ofProfit and Lo$, and Cash Flow Statement dea t with by this Report are h agreement w th the

booksofacco!nt;

AUOITOR'5 REPORT

h our opinion, the Balan<e Sheet, Statem€nt of Profit and lost and Cash Flow Statement comptywirh the Accounttng Standardsrcfeiied to in rubsecton (3C) ofsection 2l I ofthe Companies Act, 1 956;

on the basis ofwritten repr$entations rcceived froh the directors as on Mar<h 31,201 3, and taken on rccord bythe Boad of lDnectors, noneofthedirc€toE isdisqualified ason fvtarch3l,2Ot3,Ircm beingappoinred asadnectorin temsofctause (q)ofsub section (1 ) ofsection 274 ofthe ComDanies Act I 956

For Haribhakti & Co.

Chartered AccountantsFirm's Regin6don No 103523W

MembeRhip No 17000

Date I 8th i,lay, 201 3

ANNEXURETOAUDITORS' REPORT

IRefe(ed to In paragraph r undef'Report on Other Legaland Regulatory Requirements in the Independent Audltors Report oi even

dare to the members of ^4ARATHoN

N EXTGEN REALTY LIMITED on the f na ncia I statements for the vea I ended March I I , 201 3l

(t) (a)The company has mainrained proper records showing ful panic!1a6, inclding quantitative derais and situation of

{b) As explained io us, all fixed a$ets have been phytcaly veified by the manaqement during the vear we are into.med no

ma teriat dts.repancies between thebook recordsand the physcalinvenroryhave been notlced In ouroPinion,thelrequency

of verf rcation is reasonable

(c) Durnqtheyear,theCompanyhasdsposedoffasubstantiapatroftheFlxedAssetsOnthebatsofourexaminationofthebooksandrecordsofthecompany,andaccordingtothernfofhaiionandexplanatlonsgventous,weareofrheopinlonthatthedlsposalofthesaidpartoffixeda$etshasnotaffectedtheqoingconce.nnatusofthecomPany

(ti) (a) Th€ nventoryhasbeen physicallyveified by themanagementdur n9 theyear In ouropinion,thefrcquencyofverificauon has

tobemadereasorable

(b) The procedures of phys catverification of invenrory followed by the managemen t has to be made reasonable and adeq !a te n

re auontothesizeof rheCompanvand th€ narureoiiBbusrness

(c) On rhe ba3is ofexam n.tion ofrhe rccords ofrhe company, we are ofthe opinlon thatrhe company needs to 3tfengthen the

rccord keeping and documentation pf oceduresfor the i.ventory.

(iii) (a) TheCompany has granred uns€cured oan ro thre€ Companies, covered in the regrster mainiained undersecton 30r ofthe

Companies Ac t, I 956 The maxlm! m amount lnvolved d u ring the year was Rs 3,42,08,3I ,4oo and the yea r end balance of the

loan qrantedtothesaldpaltywas Rs 3,42,77,03,1 41

(b) In o!r opinion and acco.dtng ro rhe nfomation and explanatons qlven to us, the rate ot intefest and othef terms and

cond tions for such loans a fe, prima fac e, not Prejudrcial to the interest of the Com panv

(c)Ihe|oan59|antedarelepayab|eondemandAsinfolmed'thecompanyhasnotdemandedrepaymentofany5!ch|oanandinteren durinq the year,thus, there has been no default on the part ofthe parte, to whom the money has been end The

payrnent of inte.est has been re9ular

(d) As the com pany has not demanded repayment of such loa n and inrefst, the re is no overd ue amou nt mofe than r! pees one

akh forihe re3pective amounrs

(e) As informed, d U ling the yea l the comPa ny has ta ken Un3e.urcd |oan from one company cove.ed In the legister main tained

under se.uon 30l of the companres Act, 1956 The maximum amount involved d!ring the year was Rs 6,00,00'000 and the

year end balanceof oansiakenfrom such parrywasRs NIL

(f) lnouropnion,therat€ofnteresiandotherterm3andcondirionsfor3u.hloansarenot,primafacie,Pfejudlcialtoihelntere(

(9) The oa n s taken are repaya bte on dema nd As informed, the Ienders have not dema nded repaymen t ofa ny such Ioan during the

yea., th!s, there has been no defaulton the part of the Company The interest i3 payable on demand and is being p'ovided

n o!f opinion and according io rhe information and explanations g ve. to us, the exBting intetnol.ottrol prc.ed!rcs are

requne.! to be o.tequorewiththesize otthe Conpooyond raturc ol itsbusinesfot theput.hos. ol inventoty As esatds, sale af

goodsandfxedassers,inouropinton,rheexistrngsysiemofinternalcontlo sadequate On the basis of our eYamlnaiion of books

and record3ofthecompany,and accordLnq tothe nformanon a.d explanatrons gi@n ro \s, d@Pt in r.lotion of ttrengthzning

of intetnot <onrrot over pu.hose ol inventory, th..e hos ^ot

beed .ontinui^g loilurc ro .orie.t noior weokness in inte/nal

G) According to the tnformation and explanations glven to us, we are of the opnion that the part.ular of.ontra.ts or

ariangement5 refened to in sectiontol ofthecompanie5 Act,lg56thatneed tobe enrered into the regisrermarntarned under

secnon l0l havebeensoentered

(b) Inouroprnonanda.cordingrothe nformation and explanations given to us, thetransa.tions made in puruance or su.h

contracts or arangements exceedtng val!e of R!pees five akhs have been entered inro during the financialyear at prices

whkharerea30nable having regardto theprevaillngmarkel pricesatthe relevamt me

(iv)

(v)

(vi) Ino!roPnionandaccofdingtothe nformationandexplanation3gventous,thecompanyhasnotac(eptedanydepositsfromthepublic with n the meaning of secions 58A and 58AA of the Act and the ruls framed rhere under In view of the above theprovkions of cla use 4(vi) ofthe Companies (Aud tor s Report) Ofder, 2oo3 a re not apphcab e to the Compdny

(vii) Accordinq m the information and explanations given t o us,the Conpony doerhove on intemal audit system.ornme6ututewiththe size ond noturc ofits butines, whi.h nee.hto beco4si.tercbty strenEthene.!.

(vi i) We have broadly reviewed the books ofaccou n t mainta ned by the company in respect of rea I estate operation3 where, pu6 uanr tothe R!les made by the cenrral Government of India, rhe ma ntenance ofco$ records has been prescnbed onder dause (d)ofsubseclion {l)ofSection 209ofthe Actand weareoftheoprnlon that prima facie,thepre3cibed ac<ounts and recordsare required tobemadeand mainta ned

(x) (a) Ihe Company i3 regular in depositing w th appropriate authoriies undisp!ted statutory dues inctud n9 prcvidenr fund,inv€stor educaion and Pfotection fund, employees srate insurance, in.ome tax, sa es tai, weatrh-tax, 3ervice tax, custornsduly,exciseduty,ce$andothermaterialstatutoryduesapp/icabletoit However,thereareseveratdeaysincaseofservicetaxandmrnordelays ncaseof lncome rax

(b)Accordrng tothe informarion and etplanations given to us, no undEputed amounts payabe n respect ofprovdent fund,investoreducatlon and protection fund, employees stare insurance, income tax, wealrh tax,servrce rax, sares rax, customsduty, erci5e duty, cessand oiherundisputed naturorydues wereo!ts(andinq, as ar 315t tVarch 201t,fora,renod of more thansixmonthsfrom thedaretheybecamepayableexceptasment oned betow:

5,066 2008 09 3lst March,2009

2 5,74,217 2010 rl 3l st Mar.h,20l l

l2006 rl

(c) Accordrng to rhe information and explanahon given ro us,.here are no dues ofincome tax, sares tax, wearn rax, seryrce tax,customsdoty,excised!tyandce$whKhhavenotbeendeportedonaccountofanydisputeexceptforthedles nretationtoex.isedury as drclosed hereundef :

Forum where dispute

90,43,9341991 1992,1992-1993,1994-1995, 1995 1996,1997-94,199899

Cen tral Excise & seN ce Tax

Appellarc Tribu nal (CESTAT)

Excise Duty 14,62,522)917 7a, 19A3-A4, 1990 91,through I992-93

Dep!ty Comm $ioner ofcentfal Excise (Appeal)

38,83,486 Provident Fund Appeiate

Arears of conrributron,

4,67,074

(x) Thecompanydoesnothaveanyaccumuatedl6sesattheendofthefnancialyearandirhasnotincutred.ashtosses nrhecurrenrfinanca yearcoveredbyouraud tandtheimmediareyprecedtnqtunanciatyear.

{xi) nouropin of andaccordingtolhe informanon andexplanationsg ventous,rheCompanyhasnotdefauttedin repaymentofduestoafinancial instituiionand bank

(xi ) A.cordinq to the informa tion and exp a narions 9 iven to us and based on the d ocument5 and recofd3 proo uceo ro us, rne com panyhasnot9fantedloansandadvdncesonthebasisofsecurtybywayofptedgeofshaes,deb€nturesandorhefsecurties

AUDITCN'5I'FgRI

(xiii) In our opinron, rhe Company is not a ch it f! nd of a nid h i/ mutual benefit f! nd / soci€ty.Thefefore, the provhion s of clause 4(xiii) oi

theComoanies(AlditorsRepo )oder,2oo3 (asamended)are notapp icab etotheCompanv

(xiv) In respect ofdealinq/ tradinq in shares, securities, debentures and other investments, in our oPinion and according to the

info.marion a nd exptana tion qiven to us, genera lly the compa ny did not deal or rade in it However on 3hort term ba5is, su fplus

fundswerernven€d nmutua fu nds for which pfoper rc.ords ofrhe tra nsactions and contracts have been maintalned and i rnely

entrtes hav€ been madethere n.The3hafes, Secu/ ties,debenturesand orherinvestments have been he d byfteCompanrin lts

(xv) In ou I opin ion and according to the information and expla na!on3 given to us, the company has not qiven any guarantee for loans

taken byothe6frombanksorfinanc alinstirutionsdurln9 theyea.

{xvi) Accoding to the info|mat on and exp|anation g ven to Us, the telm |oans have been a Pp| ed fol the pulp6e for wh]ch lhe oa n3

Accordingrotheinformat]onandexPlanatonsgiventou,andonanovera||examinationofthebaIance5heetofthecompan,Iwe feport that no fu nds raised on short term basis have been u3ed for long t€rm invstment

According to the information and explanation given to ! s, durlng the year, the company ha5 not made a ny preferenrial a llotment

ofshares topaniesandcompanie5coveredin the Registerma nta ned undersecnon 301 ofthe companies Act, I 956

Thecompanydid nothaveanyout3tandingdebent!resduring theyearand hence thequenion ofcreat ngsecurity, in respectof

debentures,dos not anse

The Compa ny has not raised money by way of publ c issue during the vear Hence the provision5 of clause 4 (xx) ofthe Companies

{Audltor'sRepo ) Order,2003 (43 amended) are not a pplicable to rhe compa nv

Durinq the course ofour examination of the books and records of the compan, carried olt i. accordance with the generaly

ac.epted auditlng practicerin India,anda.cordingto rheinformationand erplanationsgivento us,we have neirher.omeacross

anyinstanceofflaUdonorbythecompany'noticedorreportedduringtheyeal,norhavewebeen|nfolmedofsuchcasebythe

(xvil)

(xviri)

chaftered Accounrants

Fnm s Registhtion No 103523w

Membership No 17000

Date:18th Mar20l3

RESULT5

PARTICULARS NOTE NO. A5 AT !I MARCH 2012

I. EQUITYANDIIAEILITIES

r.5hareholdeB'fund!

2 189,582,300 192,042340

b Reservesaid sulp !s 3 4,722,991 ,745 4,324,27 3,932

4912,5a0,005 4,516,356,212

2. Non-curent li.bilities

a Long term boiiowrnqs 1,401,374 439,571

b Defered rax iabilines (Net) 5 1,528 028

c OtherLonq term iabilines 54,285,141 71,292,594

d Lon9-term provisions 3,877,021 4,279,619

59,563,576 77,539,412

a Short+rm boiiowings I10,000,000 349,922,437

3,277,572 I I,886,092

c Oih-arcu(entliabil ties t0 11,611,146 154,474,624

d 5hort term prov6rons tl 100,945,749 326,405,512

211,914,544 407,048,655

TOTAI- 5,22t,978,124 5,400,944,709

AS5ETs

l. Non..0rrent asset!

t2 11,599,597 84,558,5r0

b Non cure.t nvestments 13 1 ,256,715,422

c Def Tax A$ets (Neo 11,575,702

d Lonq term loans and advances t5 69,715,429 50,839,875

1,35r,606150 1 ,t94,693,129

t6 306,353,8r6 527,204,054

l7 40,251,274 35,500,9t0

c Cash and BankBalances la 86,661,484 126,445,229

d shon term loans and advance5 t9 3,41A,A49,979 3,1r0,676,840

e OtherCurcnrA$ets 20 249,421 6,020,546

3.A7 2,371,974 4006,29r,580

TOTAL 5,223,914,124 5,4OO,994,709

5ignrf cant Accountrng Po icie3

Notes on F nancral Statements 2to 34

As per our report of even date

For HARIEHAKTI & CO.Chartered A.<ountants

MembeBhip No 17000

Date: I 8th N,]ay,2013

For and on behalfofthe Board of Dire.rorCHETAN R, SHAHChairman & Mg Dire.to.

S.RAMAMURTHI

K.5. RAGHAVAN

BALANCE sHEET

PARTICULARS NOTE NO, 2012-13 20t t-12

l. Revenuelrom Operations 21 460,634,697 819,t 90,569

22 395,512,992 340,338,900

lll. TotalRevenue lt+ [] 856.151,689 1,159,529,459

Property Development Elpenres 23 50,978,AA2 9,431,711

Changes in inventonesoffin shed goods,work In-progressand stock in trade 24 223,6A7,56A 9t,499,34a

Employee benef its expense 25 40,446,475 40,524,4J8

26 34,676,502 90,749,4A1

2,713,96A 4,1J1,O32

27 26,644,702 38,720,683

TOTALEXPENSE5 379,2t2,O97 281,140,253

v. Profit before t.x (lll- tv) 476,919,593 87A,3A9,216

32 96,000,000 178,000,000

(13,103,730) 1,310,203

3 sho .f(e$'tuo!siolo'p" rieryea w',Renbd.. (104,686,758) 111 ,191 ,674)

vlr, Profit (Loss) forthe year (V -Vt) 494,710,441 710,250,687

Vl ll. Ea.ningr per equity rha re of fa<e vatoe of tlOea<h

Easc& Drluted (in <) 30 2630 37 45

5ign ficani Accounrf g Policres

Notes on Financ alStarements 2to34

As pef our report ofeven dare

For HARIBHAKTI & CO.Chartered Accountanrs

Membe6hipNo 17000

Date: I8th Mar 2013

Fof and on behalfof the Boafd of Drc.to.s

CHETAN R. SHAH S. RAMAMURTHI

K. S. RAGHAVAN

PARTICULARS 20 t 2-13 201l.l2

IAI CAsr| FLOW FEOM OPERATING ACTIVITIEs

N.r prolrr bprore td' a( per ,.dran'1. oforof ond los 476,919,593 a7a,389,216

AD,'UsTMENTs FOB:

1,713,964 4,171,442

Depreciation on Investment Property (254,008) \226,687)

34,676,502 90,189,401

1383,917 ,196) 1322,393,919)

Misc Balances Wrirten back (4,036,022) (4,098,914)

lncomefrom Dlv dend (t 8,4t4) (28,458)

Prort on 5ale of r','lutual F!nds 01,29a) (5,856,821)

Property Developmenl E'Pen5es 44,120,943

(85,462,035) \7 5,9A2,92O)

ncrease in co(ofSales 3,348,r04

Loss on D sposa ofAssets 430,651 752,251

Provislon for Employee Benefits (170,t51) 206,456

'391 ,9A7 ,363) (309,320,495t

OPERATING PROFIT BEFORE WORKING CAPITAL CHANGE5 a4,932,210 569,a6A,1?1

AD',UsTMENTSFOR:

Trade and Other Receivables (146,031,936) 1502,067 ,320)

220,A54,214 98,916,011

Trade Payablesa.d other payab es (94,6r8,r84) (11,495,953)

119,797,482) (414,647,261)

cash Generated from operatrons 65,134344 154,421,460

(240,4s6,000) 1177 ,9O2,323)

(240,456,000) 1177,902,321)

NET CASH FLOW FROM OPERATINGACTIVITIES 1175,321,6521 123.4a0,663)

IB] CA5H FTOWFROM INVEsTING ACTIVITIE5

Purchase of Fixed Ass€ts(9s00)

23,691,35r 355,556

Purchaseoi nvestments \r,416,665)

Transfef oF Invenmentto stock 2,833,330

Purchase of UT MutualFund 00,000,000) (28s,000,000)

sales of UTI Mu tlal Fund t0,071,298 401,642,664

3A3,917,296 322,393,939

ncomefrorh Dividend 18,414 28,458

Investments in F:ed Deposiis 19,753,650 1,589,r30

NEI CASH FLOW FROM INVESTING ACTIVITIES 4ro,287,140 4!9,58!,546

PARTICUI.ARS 2o'12-t! 201l-12IC] CASH FLOW FROM FINANCING ACTIVITIES

Unpaid D vidend and Fractionat en rittement of sharcs 1224,48s) \7O7,7O0)

Redemprions of Redeernabte preferen.e share {2,500,000)

Pro.eeds f,om Lonq Tefm boriowings 961,803

Repaymeni of Long Term borrowings (48,627 ,761) tt 77 ,342,268)

Repayment of 5horrTe,m bo(owrngs 1199,922,437) (176,41O,541)

InterenonTerm Loans (34,6? 6,5A2) (90,7A9,4O1)

9,479,115

Dividend Di3tribution Tar

NETCASH FLOW FROM FINANCING ACTIVITIES 1275,660,2671 (4t5,77O,79s)

Net incfease in cashand cash equivatents (A+B+C) (206,945,79) (19,668,073)

Cash.nd.ash eq!ivalenrs as atll 03 t2 44,141,A79 r0!,409,951Cash and caih equivalents as ar 3t Ol t3 6t,447,299 s4,141.a79Note Casha.d cash equ,vate.t3 inct!des:

Balances with schedu/ed bank5:

63,447,299 63,447,299 44,141,A79 84,141,'|79

43 per our report ofeven date

For HARIBHAKTT &CO.ChartefedAccounrants

A4ehbe6hipNo t7000

Date: r 8th May,20t3

For and on behalfofrhe Eoard ofDrectors

CHETAN B.sHAH S. RAMAMURTHI

X. S. RAGHAVAN

CIIS'JILCW STATFMTNT

Note r Signif i<ant Accounting Poli<ies

A<.ountin9<onventionThe fnanciat starements have been pfepared on hisrorical costs and on the basis of going concern an.l are In a..ordance wlth

genera ty accepted acco!nting princlpls in Lndla and the provisions of the companres Act, 1956 Incomes and expenses are

recogn ized on accruat basis, except in case of sate of ca I parkrng rig hts the Income B rccognized on cash ba3is due to uncerta intv ot

receipt of thesearnountsthrough seParate aqreemenVletterof allotment

The presentation offn.nciat 3tatements requnes estimates and assumptions to be made thar affect the reported amount ot assets

and tabitities on rhe date of rhe finanoal staremenrs and rhe reponed amounts of revenues and expenses during the repofiing

period The estimates are made to ihe besr ofthe managements abrlty considefing all ne.essary information Differen.es' ifanv,

between acruat resutrs and e(rmates are re.ognized in the p€riod in which the results are ascertained These bein9 technrcal in

natu re the audltors rely on thei !dgment of the mana9eme.t

(a) Revenue in respect of reatty development activities i5 recognized upon the vander ofsignifi.ant risks and rewards to the buver in

terms of the undertying sate agrcemenr, prcvtded it is not unreasonable to expect ultrmate collection The companv percerves

thar risk and rewa.d stands transfened to rhe buyer when the !nde.lying 3aLe aqreements are registefed with the apProprate

{b) Dividend income s €coq n 2ed when the right to receive the same is esta blished

Invemory .omprising of Ftnished 5tock and construction wo*rn-proqre5s, incllding 3to.k of hateriah, rs valued at cost or Net

Realzable vatue whichever is ower, cost inc udes matera 5, dire.t expenses that is arrived at on first-in_first out basG Inventory

includescostof landdeterminedathlstoricalvalue

e Fixedassetsandd€Pre<i.tion(a) Fixecl a$ets are nated at c6t te$ accumulated depreciatlon Co3t includes acquisition / constrlcrion p.lce and include

incidentalexoenses,b!trsnetof cENVATorothef duq/cred ts

(b)Depreciationisplovidedonrhestra|qhtLineBa']sattheratesandinthemannerspe.ifiedinschedu|eX|VrotheCompan esAct,1956:

(c) Cost (te$ estimatecl sa vaqe vat!e) of fixed asets acqulred fo. specjfic projecG s depreciated over the d u raion ot the Prolect

(d) Conof FixedA$etsacquircdforClubHouseEdepreciated@20%

(a) Lonq iem investmenB in.tld inq investmen t he d a3 a nd a nd build Inqs are shown at co( Provision for diminution in the va Lu€

of investment3 h mad€ to recognize a decline ofa permanen t natu re

lbl cuiientinvestmentsarecadedatthelowerofcostandfairvalueasatthebalancesheetdate

vii. EmployeeBenefit

(a) Oefinedcontrlbution PIan

The company s ia bi ty towa rds Emptoyee Provident scheme is admin istered thrcuq h the Employee Provrdent Fund organisation

admrnisUated by the Govt of India The companys contributions pard / payable towards th6 defined .onkibution pan ls

recognrzed as expense in rhe profr & Loss Account during the period in whlch the employee renders the related service The

lntef est rate oavableto the beneRcianes is determined bythe government

(b) The comp.ny provrdes for rerkement/post renremenr benefits in the form ofgratuity and leave en.ashment Both these funds

afe non funded and are provided for tn the Balance Sheet on rhe bas s of actuarial valuations. The ob[qarion is measur€d at the

presentvalueus n9ad6countrate

viii. BorrowingcortsBorowing costs n.ured on consrrlct|n9 of acquking a quallting aset are capitalzed as cost of that as3et untjl it s readv for it3

tntended use or sate A qua|t ng asser rs an as3erthar nece$an y takes a substantialPenod of time to 9et ready for its intended !se

orsaIe.A|lotherboffowingco'tsale.hargedtoreven!eandlecognizedasanexpen5einthePlofitandLossaccounl

ix. Tareron incomeCuiient tax rs ascertarned on ihe basG of taxable income computed n ac.ordance wth the provisions ofthe IncomeTaxAci l96l

Defercd tar is re.ognized on tim nq differences b€tween accounr ng income and taxable ln.ome, which arise in an accountinq

perod and are capabte of reveBat In tater periods Defercd tax assets are €cognized when there is reasonable cenaintv of

, ..:r

'.lr .: . : .rr:ir:r:.,:

In case of ca(v forward dep@.iaiion / bus nes ro$es, defeiied tax a$ets are recognized onty where rhere rs vtrtuaice^aintythat the company will have suffi.ient futu re taxable in.ome againn whrch the losses /depreciation can be set otf.Defeiied rax a$ets / lia bilihes a re reviewed a t each baE nce sneei oa re

lhpairmentof FixedAssets

{i) The carrying amounts of a$ets are revrewed at each balance sheet date ifthere is any indr.ation of rmparrnent basedof internal/ external fa.tors An rmpa rment o$ is recognized wheneverrhe cafiying amo!nt ofan asset exceeds irs

(ii) After impa nmen t, depr€ciation is provided on the revised caryinq a mount of the as3ets over its remain in9 u3efui tife

A$etsleasedoutunderoperatingleasearccapiratized Fentatincomeisrecognizedonaccruatbasisovertheteaseterm

Contingent Liabilitiescontingent iabilitv is a possibre obriqatron that arises from past events and the exstence wir/ be confimed by rhe

ce ofan un.e.tain f!ture event not whoty wirhin the conkotofrhe compahy or rr may De anobligation that mav arise out ofa past event but is not recoqnized because ir is not probabte rharthere cou d be an out owofresou..s or the amo!nt ofobligation cannot be reliably estimared, Accordingly contingent liabitities are disctos€d aftefcarefuleva uationorfactsand thetr egalconsequences

(inl)Note 2 ShareCapital

PARTICULARS ASAT!1MARCH2O13 A5 AT 3'I MARCH 2OI2

49,750,000 (PY 49,750,000) Equity sharcs of<10 ea(h 497,500,000 497,500,000

25,OOO - o% Non (orvett blp cpoeenablp (unulalive

Preference Shares of{100 each 2,500,000 2,500,000

500,000,000 500,000,000

kiued, subscribed &fully Paid uP Shares:

r8,958,230 (PY 18,958,230) Equity Shares of <10 each r89,582,300 189,582,100

Nll(PY 25,OOOI 6%Non Converuble Redeemable Cumulanve 2,500,000

Preference shares of<r00 each

189,582,300 t92.082,300

i, T€ims/Rlghtt attached to EquitysharesThecompanyhason|yonec|asofequityshaleshavjngaparVa|Ueoft]opelshaleEachhodelofequityshalesenrir|edtoonevotepelsharcA]|shalesGnkpadpa$Uwithlega|dtod]V]dendIneventofiqudatonoflhecompan,theho|de6oieo!itv3hareswi||beentjt|edtore.e|veremainingassetsofthecomPan,afterdhtr]butionofalIPrefe|entia|amounts,lanyThe disvibution will be in proportion to the numberofequitv sharcs held bv the sharcholders

Board of Directo.'s have re.ommended a divrdend of< 4 50 (PY{4) per equity share 45 % (PY4O%) of Face val!e ofequitv share

ii. Terms/rights alta<hed to 6% Non ConvertibleCumulative Redeemable P'ef€ren'e shares:

rhe Company had onty one ctass of prcference shares having par valoe of{roo each Preference shares are Redeemable on or before

AUgu5t22,20]3TheP|eferencesha|eho|dersdonothaveanyvotinglightsThePlefelenceShalewereledeemedatrheyearend

a, Re<on(iliation of Sh.res outstanding at the beginning and at the end of the reporting period

b. Out of Equity and Preference shares irrued byth. (ompany,,ha.e, hetd by itr hotding <ompanya.e as betow:

<. Details of sha reholders holding more th.n 5% shares in th€ Company

d. A99regate numbe.ofbonos sharer i$ued forth.last fiv. Finan(talyears

PARTICULARS

EQUITYSHARES

A5 AT ]'I MARCH 20 I ! A5AT3T MASCH 2Oi2

{ I5hares outstanding at the beginning of the year 18,958,230 t89,582,300 18,95A,230 18q582,300

shares issued during the year

shares boughr back duf ing rhe year

sharesoutstanding at the end oftheyear t8,958,210 r89,582,300 18,958,230 189,582,300

PABTICUIARS

PREFERENCE 5HARE5

A5 ON 3I MARCH 2013 A5 0N itr MARCH 20l2

a {Shares oltstand n9 at the beginning of the year 25,000 2,500,000 25,000 2,500,000

5hares issued during rheyear

shares redeemed durlng theyear 125,000) (2,500,000)

5hares outstanding at the end ofthe year 25,000 2,500,000

PARTICULABS AS ONIl MARCH 2Ol!

ASON31 MARCH2ol2

Ithaca nformatics Pvt Ltd I I

14,246,17A 14,246,17A

25,000

NAME OF SHAREHOLDERASAT!I MARCH 2013 A5 AT 3I MARCH 20I2

Ithaca Informatics Pvt Lrd Holding Company

14,246,118 75l5 14,246,17A 7515

000 25,000 100 00

PARTICULARS A5AT3T MABCH 2OI ] A5 AT 31 MAR(H 2OT 2

Alloted as rully paid up by way of bonus share3bY capitalking General Reserve 6,319,41A 14,745,290

NoterTherewere nobonusshares ssued nberween thefinanc atyearended2OOs 09,2OO9 20tO&20tt 2Ot2

PARTICULARs A5 AT tl MARCH 2OI3 ASAT3I MARCH 2OI2

Ca phal Redemplion R.rerve

Ba ance as per lasr Balance Sheet 2,500,000 2,500,000

Leis:Transrered fiom statement of profr and Io$

2,500,000 2.500,000

Balance as per last Balance 5heet 2,950,000,000 2,500,000,000

Add:Trandered from natement of profit and loss 300,000,000 450,000,000

3,250,000,000 2,950,000,000

Balance as per last Ba ance Sheet 1,371,773,932 1 ,199,432,494

Add: Profrt for the year 498,710,081 710,150,647

Proposed Divrdends on Equity 5hares

loivldend pershare<4s0/ (Previous year {4)l 85,312,035 7 5,432,920

Proposed Drvidends on Preference 5hares

lDivid encl pe r sha /e 16l- (Prevrousyear {6/ )l150,000 r50,000

14,524,273 12,326,319

Trander to General Reserves 300,000,000 450,000,000

1 ,47O,497 ,705 1 ,37 1 ,77 3,912

4,722,997 ,r05 4,124,271,912

Note 3 Rererv$ and surplut

Not€4 LongTerm Borowingi

PARTICULARS A5AT3I MARCH 2OI3 ASAT3I MARCHzO12

Ierm loans (Secured)

439 57 |

1,401,374

1,401,174 4t9,571

a Loan from Kotak N,lahindra Prime Ltd r secured by hypothecatron ofthe Ex (ing Mercedes BenzCar The said loan is sanctioned

onAugust6,20l2ispayablein24Etr,ltatarateofSrT%Theperiodofmaturitywrtbalancesheetdaterswithinlyear4months

b Car oa n from Kotak A4ahindla Prime Ltd 6 secu red bv hvpothlcarion of the respective ca I The 5a id loan is sanctioned on

June 16,20'lO spayableis36EMlatarateofTTO9o Thepeiodofmarufitywrt balance sheetdat€ iswthin 2 months

Note 5 Defened T.x Liabilitier tNer)

Note 6 Other Long Terh liabilities

Drclosure as requrred by the Accou n ting Srandard I 5 Em ptoyee Beneft a re qiven betow;a. Defined contributions Plan

* soc ety dues is netted off fixed deposrt and inreresr accrued on fixed deposit of{ 6,07,42,699 (p\.< 1,2e,46,449)

Note 7 LongTerm Provisiont (in l)

PARTICULAR5 A5AT31MARCH2Ol3 A5AT3I MARCH 2OI2

Deferred Tax Liability

3,119,92A

D sallownace !nder IncomeTax Act,1961 1,791,900

1,524,028

PARTICUIAR5 ASAT3T MARCH 2013 A5 AT 3'I MARCH 2OI2

1,24,5,957 1,137,260

54,039,224 70,155,334

Total 54,245,t!1 71,292,594

PARTICULAR5 A5AT3I MARCH 2OI3 AS AT:!l MARCH20I2

Provision for employee benefits:

3,645,499 3,482,805

Leave Encarhmenr (unf!nded) 231,522 796,414

34,77,O21 42,79,619

PARTICUIARS ASAT!I MARCH 2013 A5AT3l MARCH 2Ol2

Employers contfiburion to Provident Fund r,590,989 1,419,643

b. D€fined Benefit Plan

Reconcllialion ofopening and cloeng balances ofDefined BenefitOb igations

i. Actuari.lArsumptiont

PARTICULARS

As at !1rt Ma.ch,20r3 As at 31st ^4ar.h,2012

Ltc 1994-96 Ltc t994-96 la 1994 96 Ltc r 994-96

5ayrs 5Ayrs 58 yrs 58 yrs

Expected Return on PlanAssets

DiscountRateperannum

Rate ofincrease in comPensation levels

ii. Changes in the PresentValueorthe obligationt and in the FairValu€ ofthe Assetr

PARTICULARS

2012-2013 2011-2012

Defined benefit obligauon atthe3,869,781 1,462,419 3,33r,550 45r,890

568,159 446,724 542,796 437,366

309,583 44,994 266,524 36,151

Actua'ia (Ga n) / Lo$ 321,663 (459,3r8) 126A,141) Q54,544)

Benefitpaid/accured (1,A24,633) (786,127) 142,940)

Define benefitatyearend 4,050,555 308,696 3,469,743 1,462,419

Faif value of Plan ksets as on l/04/2012 Nil Nil Nil

Expected Ret!rn on Plan Assets Nil Nrl

Ni 146,127

(1,424,633) \746,127) Ni

Actuarialcain (Lo$) Plan Assets Ntl N N NI

Farr Va ue ofPlan A$etsas on 31 03 20ll Nil

Tota Actuanal(Gain)/ ossto be fecognped 327,663 (4s9,3r 8) (268,147) (258,44a)

iii. Protit & Loss Erpentes

568,159 406,124 636,060 2t 1,837

109,583 44,994 253,446 34,723

327,663 (4s9,3r8) (726,O37) 211995

CHARGEDTO STATEA4ENT OF

PROFIT& LO551,205,40s 32,404 161,469 468,555

PresentValue of Obl gation 4,050,555 308,696 3,33r,550 451,890

Fair Value ofPlan Assets Nil Nil Ni NI

4,050,555 308,696 1,311,550 451,890

Unrecognized acturialqain or o$ Nil Nil Ni

Liabllity(asset) re(ognized in B.lance sheet 4,050,555 308,696 1,331,550 451,890

iv. 8al.n<e sheet Recognition

Note a ShortTerm Borrowings {ln{)PARTICULARS ASAT:Il MARCH2OI3 A5 AT3I MARCH 2OI2

loan repayable on demand {!ecured)

Workrng capital Demand Loan I 10,000,000 309,922,437

' 0,000,000 tog,922,437

a working capitalDemand loan from Kolak Mahrndfa Pf me Lrd is sec!fed by cfearinq mortgage on the 9th & toth Ftoo. ofthebu ild inq known as Mara thon nnova, Lower Pa rel, Mum ba i a nd further co! nterguara n teed by the promotor directors Thesaid toansanchoned on May4,20l0 is payable in 25 E[1 ar afloating rare of ]9 75% as on i,4arch 31,2012 from t2 to36 monthso.60%Inflow ffom sa e of propedv to be adjusted towa rds rcpayment rhe period ofmat!ntyw.rl batance sheetdare isw thin 3 months

Note 9Trade Payables

PARTICULARS ASATII MARCH 2OI3 A5AT31MARCH2O'I2

M cro, Smalland Medium Enterprises.

3,277,57 2 11,886,092

3,277,572 11,886,092

{ Based on the information avarlable with the company, as at the ba ance sheel date, there arc no smaI and medium enteFfisesthatare registereclwith theCohpany TheCompanyhashowev€rbywayofabundantca!tiondrspar.hedtosomeofirscreditorsto confirm whether they .ome undef Micro, Smai and Medi!m Erterprise Devetopment Act, 2006 as wet as they have fiedreq! red Memorandum with the prescibedauthofirv

r Movement in lhe net Liability re.ognized in the Balan<e Sheet

3,869,743 1,462,419 31,68,081 4,44,O37

1,205,405 12,404 1,63,469 4,64,555

11,024,633) 1746,121) NI 15,0a,702)

Closing Net Llability 4,050,555 308,696 33,31,550 4,51,890

59 59 59 59

35 y6 35 yfs, 3s yrs 35 yrs

Avg Salary < 43,276 < 43,276 < 33,944 I13,944

The above infoha tion 6 ba3ed on rhe Cenificate provided bythe Cedified Actuary

PARTICUIARS A5AT3I MARCH 20!I ASAT3l MARCH 2OI2

Cunent marurit es oflong term debt+ iReferNote4l+ 4,546,627 53,174,388

855,r61 629,915

Unclalmed Debentures' 149,575

1,040,231 1,040,211

Advancefrom Customefs 16,662,211 74,614,413

486,563 594,644

Directors Commlssion Payable 3,316,800 4,975 200

Statutory D!es Payable 2,367,429 3,646,046

1,285,589 23,974,111

7,050,575

!7,61l,la6 156,474,624

Note '10 other cu.r€nt Liabilities

Note 11 Sho.tTerm Provision

"The5e fig!fes do not inc lde any amounrdue and out3tanding to be credited to Investor Educatlon and Protecrion Fund

+ Lease Rent discounting fnance frcm Kotak Mahindra Bank Ltd was secu.ed by creating mortgage on the Unit No 601 and

Un t No 602hav n9 saleblea.ea agqregatinqto8263 sq ft inthe bulldrnq known as |\ ararhon Innova, Lower Parel, ML m ba Thesaid

loan 5an.rioned on February 28,2008 was payable in 60 El,'llat a float nq Ete of l9 75%, the same has been matured and paid during

PARTICULARS ASAT3l MARCHzOII A5AT3I MARCH 2OI2

Provision for employe benefitr IReferNoteTl

405,056 346,914

Leave Encashmenr (u nf! nded) 265,605

570,211 231,440,411

Provision for Wealth Tar 51,034 43,269

85,312,035 75,942,920

14,524,273 12,326,329

1OO,945,789 226,405,512

'Netted offadvance tax &TDs of < 23,50,34,905 (PY < 63,97,14,238)

=

(''16!

q\6."1 .t "1 o-

\d ui -' r.i oi

z 6i.j d d d,-i

trEg6

oi ci F: ni oi dig.@.N."1^!6

:l

o

-.Eag::E

F5

R 6 =Q

E I 3hN.

9-69iEEIE-F

@- .! o- "I .\ "1 o-

^6.--aao-o

Ei

i E!

I :=aFg..e !:eEE{*i jE.o.g!"*-ii=sEE€g*eE63;f;i5SJ

I

.9E

.a

E

E

E

.e

E

E.9

.9

.E

E

9I

.9

z

Note 13 Non-currenr lnvestmentr

3t_NIARCH 2013QUANTITY(Nor,)

3r'I4ARCH f0r2QUANTITY(Nos.) (l) (aj

Non Cuiient lhvestmenis

(A) Investment Properties {at cost)

25,467 25 461

4.249,995

Les: co{ofcar park n9 tranrfeiiedto (o.k n trade 2,833,330

1,442,1t2 4,275462

Le$: Prov fordim nuroninrhe!alueof nvertment 23,O92 277.tOO

1,419,040 t,994 )62

lB) Trade Invertment (at <ost)

(a) In Equiry Instrumenrs Quored Fully Paid up

Pen ns!la Land L m red r6.740 2 58,178 58,178

lVorarleeTexoles Lrm ted 8,000 8,000 10 186,!94 186,194

244,772

unquoted Fully Paid uP

columb a chrome (l Pr vate L mited 5,204 5,208 100 52O,aO0 520 800

520/400 520,800

Eleclfic Convo Geart nd a)Lim ted 210,000 210,000 t0 2tlOO 2,t00

Less: Prov sion iord m!nrton 2,100 2,t 00

Total ol Equity Instrumentr 765,572

(blln Preferen<e Sharer Unquoted Fully Pa'd up

I r1l Redeemab e Cum! at ve Preference 5hares

92,612 92,612 100 1,250,262,000 1250262000

c) In Lhited LiabilityParthership

\wayam Pea io'sSTraders LLP

r,254,502,810 I254502,810

Total of Trade lnvestments 1 .255.264,!42 1 ,255,264 142

{C} Otherihan Tr3de Inv€sthents {at <ost)

(a) In Equity Instruments

Unquoted Fully Paid Up

6 Years Nat onal5avin9 Certifc.tes

lodgedwith Governmen t Authority 6 6 28,000 28,000

Totalof NonTrade nvstments 24,000 28,000

Totalof Non Cuiient Investments 1,256,715,422 1 ,259,294,744

!1_MAn<H 201! 3t'MARCH 2012

(? in lacs) (t in lact in lact {lin lacs)

244,772 689,3r0 24A,772 611,692

Unquoied nvestments 1,256,470,650 1 ,25,94,49,97 2

1 ,256,715,422 1 ,159,294,7 44

Forthebassof valuationof noncutrentinvestmentsrefernotel {vlAggregate amounr of provisions fo. dlminution of non cudenl invesrmenrs ofl25,t92/-(P.y.<2,79,200)

'The ComPa ny s investnent of 926I2, I I % Fedeemable cumulative Pfeference Shares of Rs loo/ each tharithad s!bscfibed ara premi!motRs 13400/ pershareaggregating to{125,02,62,0001in Pameka P!,t Ltd (PPL)during theyear2or r-r2wa3construed a5 itscontribution ina proht sharin9 joint venrure with PPL n terms of a Memorandum of U ndeErandlnq between the com pany and PPL the com pa ny would beentitled to rece ve 25% of the profts ofPPL that would be acco!ited forwhen PPL qenerate3 profts from its actN res

Note t4 Deferred Tax Asret lNet)

PARTICULARS A5AT3I MARCH 2OI3 ASAT3l MARCH 2O'I2

Difference between bookWDVand WDV as Der lT Act. r96l 10,o43,477

D sallowance under Section 438 of the lT A.t, 1961

1,314,203

100,t57

157,465

1,512,225

11,575,7O2

NOTES

Note t5 LongT€rm Loans and Advances

.Netted off aclvance tax of 129,28,49,77s, (PY I Nll)

+Netted off wealth tar paid { 46,298 (PY I NID

151 In the oprnlon of rhe managemen t, long term loans and advan.es areapproxirnarelyofthevaluestated, iffealsed in ord nary

course ot busin-ass

152 The Compa ny has enrered intoan agreementon 2oth Februa ry, 2007 for development of property ln Banga ore wilh rhe owner

oftheland Development work would com mence once the reg u latory corn plia nces a re met with The Companv has paida.

advance towafds thejoint vemure on the bas s ofthe aqreement signed

PABTICULARS ASAT3T III|ARCH 2013 ASAT3l MARCH 2OT2

U n secu r€d, considercd good and s!bject toconfirnarlon

514,875

(b) Other oans and advances

Advance for Land (Refer Note Below ls 2)

IncomeTax paid (net ofprovrron)'Wea th Tax pa d (net ofprov6ion),

50,325,00014,449,7-/5

3,029

50,125,000

69,715,429 50,839,875

PARTICULARS AS AT 3T MARCH 2OII A5AT3l MAR(H 2O'I2

Clos ng stock-Era 5r,68t008 51,686,008

Closing Stocklnnova Phase I 238,374,t59 466,090,136

C osing Stock nnova Phaselll 16,249,650

306.153.416 517,776,344

Work in Progre$lnnova Phase ll 9,431,711

306,!53,416 527,204,O54

For Va uation of Inventory refer r{iv)

Note tT Trade Re<eivablet

PARTICULAS5 ASAT3l MARCH 2O'I3 A5AT3I MARCH 2OI2

Unse.ured, <on5idered good and subiect to confirm.tion

Iraoe r"(prvdolesoJtsra-ding lo d pe' od les hd. !. To_th) 24,303,170

Trade re.ervables outnanding for a period exceeding ex months 44,257,274 7,197,740

40,257,278 35,500,9r0

Note l8 Cash and Eank B.lances

Note |9 ShortT€rm loans.nd Adv.nces

Note 20 0ther cu rrent assers

n the op nion ofthe ma nagemen! short te.m oansandadvancesafeapproxrmatelyofthevatue stared, ifreatised in ordinary

PARTICULARS ASAT31 MARCH 2013 A5 AT t'I MARCH 20I2

Cath and 6sh eq!ivalents

(a)Balances with banks 63,447.299 44,141,479

63,447,299 44,141,479

(a) Bank deposits wlth more than l2 months mat!nty securedaqarnsr ooiiown95 22,242,OOO 42,435,650

(b) Earmark Balancewith Banks

Fracnonal Entir ement of sharesa55,l6t

77,O2j,629,91577,745

21,214,1A4 42,743,350

86,66r,4€4 126,445,229

PARTICULARS A5AT3I MARCH 2013 45 AT 3'I MARCH 20I2

U nseored, considered good

rdl lodn<and ddvdn, -\rorelaled pd t r-rlFe.e' \ote 2Bl 3,427,7Ot,143 3,305,259,871

(b) Advanceto Suppliers 2.091,416 2,164,A04

(c) OtheB

33,410 169,649

145,604 130,599

6,215,674 2,311,1U

5eryrceTaxinputcredit 1,222,5t7 228,444

1,4t5,795 412,449

3,43a,849,979 3,310,676,84A

PARTICULARS ASAT!l MA8CH 20tt ASAT3I MARCH 2OI2

nterestAccrued b!t notdue on FD 221,OO1 244,446

Interest Ac.rued on Investmenc 24,420 24,420

Refund recelvable A Y 20r0 - 1 I 5,747,6AA

249,421 60,20,546

Rev.nue f rom Oo€ratlons

PARTICULARS 2012-1t 2011-12

459,849,400 779,727,45O

sale ofPropenyheldas ong term Investment t5,o97,5OO

5ale of Trander of Development Rights

459,a49,800 814,a24,950

R€venue rrom seryic€s:

7aa,a97 4,t65,619

460,634,697 a19,r90,569

2l I Th€Companyhas enlered intooperating Leases reatlng tocertain Podionsofits propeny situated In LowerParel.

In Accordance wirh Ac<ountinq 5tandard 19 [The Institure ofCharrered Accounts of India], pertalning to Leases the following

information s fuhBhed:

Premis€s glven on Lease:

Genera Terms ofLease Renta s:

i LeaseRentalsaregivenonthebasirofagreedterms

ii Asse8aregiven on leasefora period upto6 months

Note 22otherln<ome

Note 2! Property Oevelopment Expenses

Si. No. asseB held as longterm investments 2012-13 20l t-t2

Depreciation on Investment Property 23,O92 46,r81

cany ng.onof Investment 1,416,665 4,249,995

Lea5e Rent Recerved Dur n9 theyea. 7AA,A97 4,365,619

Lease Renr receivable wthln I year 246,t53 907,500

Late.than I yearand not Later than 5 years I,161,000

PARTICULARS 2012-13 20r t.t 2

3A3,917,296 322,191,939

Drvrdend from LongTem Inve5tmenrs 14,4t4 28,458

Net galn on sa e ofcurrent investment 71,294 5,856,82t

459,962 2,769,425

l,li5celaneousBalancesWritt€nBack 4,036,O22 4,494,914

7,01o,ooo 5,191,342

195,512,992 140,138,900

PARTICULARS 2012-13 20r t-t2

co3tof Materla Consumed 96,624 3,612,371

6.761,311 4,274,740

r,544,600

Loss on transfer of Fixed A$ets' 44,120,94t

50,978,882 9,411,111

...,. ...'.'..,, ".,.,,,;1,.,,l';;,,,,,',1.,,.,

a . . : a .: :a:a : rl irl rrlrlr_:r'it ,t,,t,

'Of lhe baes ofan unde6tand n9 reach beiween lMararhon Era Co operaiive Hous nq 50. ery Ltd and rhe company itvEs dec dedtotiansfertheCubFo!sehirherroheidby(hecompanya5ixeda$erstorheso.ierynetof.orpus,deposcer..oteaedfromthemembeBofthesocietyThshasres!ltedrnaosofFs4,4t,20,94Jl,whi(hhasbeencharqedropropertyDevetopmeniExpensesEra, rhe res dentral .omp ex con5rrucred by rhe.ompany was competed n the Financa year 2OOg a.d the sad c!b hoLse wastrannefted to F xed A$etr n rhe Financ a Year2009

PARTICULARS 2012-tt 2011-12

rve.tor es at the end of theyear

51,686,00a 5r,686,008

214,374,159 466,090,316

Fin ehed 5to.k nnova Errehiion 16,289,650

306,353,a16 517 776,i41

Innova Phare I (Exrenr on) 9,431,711

9,431,711

(c)Totar (A+8) t06,351,a16 52- 208 054

Less: Invehtories at the beginning oftheyear

51,686,00a 51 677 424

466,090/336 564 246 614

517.776.343 626 I24 0b7

9,411.711

9,431,r11

{DlTotal(A+Bl 527,204,O54 626,124,067

cost ofcar Pa.kin 9 tra nsfeied to/(from)tnvesthents (E) {2,833,3t0) t,416,665

Total(c-D E) (22!.6A7 ,56A) !97,499,318)

Note 24 Changer in inventories offinished 9oods, work-in-progre$ and sto.k in trade

Note 25 Employee Benelitr Expense

PARTICULARS 2012 13 2011-12

32,553,230 .it,039,198

4,800,000 7,200,000

Conirib!1 ons to Provident and othef f!nd 2.796.t94 2,000,8r6

Staffwelfare expenses 336,a5t 247,864

40,446.475 44,524,A7A

NOTE5

Note 26 Finan<eCost

20t2-13 2011-12

34,62t,745 90,J49,401

Other bonow ng costs 52.767

Total 34,676,502 90,789,401

2012-13 201t-12

Administrative ExPenFs:

4O5,146 4,151,341

75,91s 64,656

r 32,8rr8 122,291

132,356 I18,55r

154000 t96,000

Paymentto Auditof3 [Refer Note 27 ]l 1,521,503 868,303

Costof nvestmentSold 3,348,104

Oepreciation on Property held as nvestment (254,008) 1226,687)

Propef ty Upkeep Expen3es 5,976,507 9,101,395

1,rt1,424 2,121,514

2,412.644 1,443,252

2,211,4O2 5,002,956

AdvertsementExpenses 1,:'65,677 586,805

Lo$ on Sale of Fixed Assets 430,651 752,251

10,070,617 10,823,951

26,644,702 34,720,643

Note 27 Other ExDenres

2t.l PaymehttoAuditors:

2012-13 201t -12

500,000 285,000

t75,000 '130,000

22t,000 225,000

449,O55 135,000

l52,aoa 81,081

Reim bu rsemen t of Expenses 19,640 12,220

1,521,503 868,101

Note 2e R€lated Party Dis<tosu.es,

DEclosure as required by Accounting Standard tBoflndia are as follows;

(a) Holding Company

(b) Key Ma nageria I Personnel

(c) Relatives of Key Ma nageria I Pe6onnel

(e) Enterpis€s overwhich keymanaqen al pe60n nel / rclatives exercisesignificant Influence

-'Related Parry Disclosuretissued byThe Innituteof CharteredAccountants

Ithaca Informatics Pvt Ltd

Chetan R, Shah Managing Dir€ctor5 Bamamurthi -Whol€Time Director

Mayu r R Shah (Brorher of Ma nagin9 Direcror) - DiredorAnsuya B shah (lvlother of Manaq ing Dnedor)Ramn iklal Z Shah (Father of rvlanag in9 Director)shailaja C Shah (Wife of Managing DirectoDSonalM.shah (Wife of Mayur RShah Dire.tot

Columbia Chrome (l) Pvt ltdswayam Realto6 &TradeB LLP

Citadel Reahy & Develope6 LtdCohellHsg & Infrastrudure Pvt LtdFibre Box (Bombay) Pvt LtdHariyali Estate Pvt. Ltd,KanchiRehab Pvt Lrd

LarkConsuha^cy Pvt Ltdlvlarathon Buildcon LLP

l\,{arathon Construction Co,

Marathon Construction LLP

Marathon DevelopersMarathon EneFGen LLP

Marathon Energy Pu LtdMarathon FiscalPVt Ltd

|\larathon Housing Pvt Ltd[,larathon Infotech Pvt LtdMarathon lTlnfrastrucrure Pvt Ltd[,lararhon NextgenTownships Pvt LtdN4arathon Nexzone Infrastructures Pvt Ltdlvlarathon Nexzone Land Pvt LtdMarathon Prachin Infrastrudures pvt LtdMarathon Realty Pvt LtdMarathon 5ecurities & Properties Pvt LtdMarathonVentures Pvt LtdMa trix Arch itectt & EngineersMatix Enclaves Projects Developments PvtLrd

Matrix Green Housing & Com mercial Dev€lopeB LLpMatrax HrOManagement LLP

lvlatix Salvage N,lanagement LLP

[,{atrixWaste Management pvt ttdMatrixWat€r Management Pvt LtdNextgen Buildcon Pvt LtdNextgen CityContainer Depor Pvt LtdNextgen C'ty Energy Pvt LtdN€xtgen CityUtilities Pvt LtdNextgen CityWater Managem€nr Pvt LtdNe(gen Green Housinq & Commeroat Enctave p!.t Ltd

NGiQ

(i)

Nextgen Land Pvr Ltd

Nexzone Builcon LLP

Nexzone Energy Utllitres LLP

Nex2one Fiscal5ervices Pvt Ltd

Nexzone lT nfrastructure Pvt Lld

Nexzone Land Pvt Ltd

Nerone Ut lities Pvt Ltd

NexzoneWater A,lanagemeni Pvt Ltd

Olympic Enterprise3

BareTownships Pvt Ltd

Sanvo Resorts Pvl Lid

Shree l,,lul!nd News Publicanon

5onasha Enrerprises

Svahim Enterprise3 Pvt Lld

Tridenr 02one LLP

United Enterprises

Vector [,lolular 5ystem (l) Pvt Ltd

Vector Project(lndia) Pvt Ltd

VectorPropefties Pvt Ltd

vinotak nvenment Pvt Lld

Detai s of Transa.tionsduring theyearwith related Parties:

I

I

i

I

II

tI

Holding TOTAL

Expenses relmbu&d by I\,'INRL

581,401 6,062,345 6,U5,746

(88,1r7 ) (12,A51,762) (12,939,A79 )

Expense Reimbu6ed toMNRL581,40t 6,061,580 6,644,941

(88,1r7 ) 112,736,243 ) 02,a24,4OO)

84,013,382 527,946,144 612,000,126

(430,800,000) (430,800,000)

Advance Repaid/Given39,548,273 27A,455,356 11A,O03,629

l-19,7 33,526 ) 1592,750,oAo ) 1672,443,526 )

122,952,126 214,129,617 341,O41,741

la9,602,67 4 ) {228,168,890 ) (317 ,771 ,564 )

Counterquarantee given byPromotor D rectortowards loans

600,000,000 600,000,000

(600,000,00o) (600,000,000)

56,944,712 10,614,536 67,599,248

(49,881,558 ) \9,267,5)5) (s9,r sr,092 )

150,000 t50,000

(150,000) (r50,000)

Redemptron of6% Non ConvenibleRedeema ble cu m ! lative Prete.ence

2,500000 2,500,000

HoldingTOTAL

Share ofJorntVenr!fe Profit given(18,750,000

) (18,750,000 )

5,200,000 5,200,000

(5,200,000) (5,200,000)

4,800,000 4,800,000

(7,200,000) (7,200,000)

10,000 10,000

40,000 40,000

Loan Bece vable Outstanding (Dr)1 ,652,697 ,329 1 ,77s,AO5,815 3,42J ,7A3,143

(1 ,494,396,930 ) (1,810,862,942) (t,30s,2s9,811)

Loan Payable ouistanding (Cr)

l76s )

l) Guaranteesgiven by Kev Ma nagemen t Pe60n / rctarives fortoan availed bythecompanyfrom financrar/nstiruton2) Fig!res in b.a.ket O indicate previous years fiqures

Disclosute in respect oftrania<tions that ex<eed 1o% ofthe totalvalue oftranra<tionr ofthe rame rypewith retated pani€5

PARTICUIARS 2012-13 20t l-12Erpenses reimbursed by MNRL

fv,larathon Realty Pvr Ltd 6,062,t45 t18,090

Swayam Realto6 &tudeE LLp 583,401 88,117

6,545,746 226,207

Expen*s .eimbursed to MNRt

Marathon RealtyPvt Ltd 6/061.540 21,446

5wayam Reako6 &Trade6 LLP 543,40',| 88,1t7

6,644,9A1 109,963

Marathon Rea ty Pvl Ltd 527,9A6,744 430,800,000

527,9a6,744 430,800,000

Advan(et civen / Repaid

Swayam Realto6 &Irader LLP 12,548,27t 76,233,526

Marathon Realty Pvr Lrd 274.4s5.3t6 592,750,000

311,003,529 664,943,526

. , NOTCS

2012-1! 2011-12

Co lnb a Chrome (l)Pvt Ltd 44,1J8,744 32,331,75J

5wayam Realto6 &Trade15 LLP 79,413,342 57,2/4,917

Marathon Realty Pvt Ltd 214,129.617 228 168 890

341,O41,743 317,771561

thaca nformatics Pvl Ltd

56.984.712

150,000 150,000

s1,134,712 50 031 558

s,200,000 5 200 000

4,800,000 ') 00 000

Sha.e of ,ointVenture Profit

N4arathon Rea ty Pvt Ltd l8-50000

Loan re<eivable outetandrnq (Dr.)

Marathon Realty Fvl Lld '| ,77 S,OO5,A15 r 3l0 862 94:

Co umb aChrome(lPvt Lrd 574,445,190 528,547 41..

swayam Rea roE &Tnde6 LLP 1,078,21r,138 965,849,,131

3,427,703,143 3,105,t59,871

Note 29 Discloture required by claute32 of listing Agreemenl:

Amo!nt ofloan5 and advan.er outstandrnq ffom arso.rates and compan es rn whr.h d rectoa are nterest.d

I

)I

I

I

)

,

Name ofthe Companies

Maximum Balanc€ Outstandrn9duringtheyear

2012-13 2011-12 20t2-13 2011-12

Co lmb a Chrome (l)Pvt Ltd s74,446,190 574,446,190

swayam Realtotr &TradeE LLP 1,07a,211,138 965,8,19,481 r,078,21I, r 33 965,849483

wlarathon Rea ly Pvt Ltd 1 .77 5.OO5.A1A t,8t 0,a62 942 1 ,942,916,103 1822680124

Note 30 Ealnings per Share (EPs)

2012 13 2011 t2

Net Pfotut afterTax ar per Prof t and Lo$ 5talemenl 494,710,041 114,254,647

Le$:Drvrdend on.umu a! ve prerefe..e share cap,ta 150,000 150,000

25,49J

Net proft fof the year attr butab e to equity shareho deB 498,5i4,5A5 7l0 076l5l

We ghred avenge n!mber oreq!rty shares 1I],954,230 r8958210

Bas. and di uted eafning5 pershare 26.30 17 45

Nom na v. !eperequtyshare lo t0

Note3lConthgentLiabilities(totheextentnotprovidedforex(tudinginterert,penat<ha.9es,rfany)

2012-11 2011 t2

Claime againstthe Company not a<knowledged as debt:

1 Dlsputed Liab rtesrnappea N

'1o,546,456 15,419,a66

4.750,560 4,154,564

't5,297,016 24,169,926

'Ascerrifiedby manaqemeniand.onsu rants

a Dsputed excEeduty.ams at,0s,46,546/ (PrevousYearl r,s,r,]9,366r) tn respecr ofwhch rhe Company made Exc5e dltypaymen!ofaN {PrevolsYearlt,,1o,42,t/)Dfferenca Excsedurydemandedonsaeofyarnli8,T2,gtO/ (prev olsyear Rs N )

dropped bylheComm $ronef of Cenrral Exc se

b The Employees Provdenr Fund Alrho.rei have ssued a showcause nolceagarnn rhe Companyra sn9 a ca m ofRsl8,8l,,186/purported y be n9 atrea6 perta ning to damaqes and delayed payhent nreresr The Company appealed aga nn rhe ofder In theProvdenrF!ndApp€ateTrbunalandpendrnqhearngtherecoveryofprn.pa ntefe5randdamageshd5oeerrsGyea

c The EmployeetStat€ nsurance Corporaron has ra sed a.a m of18,67,074,' pufport€dty be n9 aireatr ofconftib!ton damagesand.lerayed payment nreres lheCompanyhad madearepresentatonlotheEoard for nd!5rrialand Fna..ta Beconstruclon inrhsregardberdesfl.gaiappea n the E5 C.ourl

Note 32

Prov von for tatas perlhe formalprov s o.softhelTAct I961 is l l l 40crores as aga nsrrhe f,'lATofl9 60crofe5 as perrhe 3ect ont I5lBDurngthepasllhr€efnan./alyea15lhecompany'sprovsionforraxwas.ompliednaccordancewihrhepfovrionsofSecton|5lBofthelTAcrl96l e Itinim!h A terfateTax(A4ATi nvervofth5thecompanyisenrrredtoMATcredrseroffof{tSoCrofecat.!ared naccordan.e4ththeprovsonsofsec|onll5lAAofihelTActl96l A..ordngly,theProvsioniorTaxoflg60croresafrernetlrnqofftolreexrenloft heA4ATCred tEnlrt emenr

ThecompanysoperalnqnasngleseqmentreRealErtareDevelopment,putr!a.trowhrchthenformaiionreq!tredrobedtrcosedasperA5 l7 SeqmentReporting ncaseofdfferenrsegnenrhavenotbeends(osedhere

t

{I

1

ttI

I

uoTES

Nor€ 34

The previous yea6 Rgures have been regroupd / €6ffan9€d / rcclassified, wherever necess6ry to maketheh compalable wrth the

For and on behalfofthe Eoard of D€ctors

CHETAN R, SHAIIChairman &Managlng Dir€ctor

V. MIGAR'UAN

S. BAMAIIURTHI

K 5 RAGIIAVAI{

tr