ANNUALREPORT2015-16

REGISTERED OFFICE:

1009 HEMKUNTH, BEHIND LIC OFFICE,

ASHRAM ROAD, AHMEDABAD,

GUJARAT- 380009

� BOARDOFDIRECTORS:

NameofDirector DIN DESIGNATIONMR.ASWINKUMARBAGDAI

03614681 ManagingDirector&CFO

MR.RAJBALDEVSINGHJHALA

03032223 NonExecutiveDirector

MR.DHARMESHSOLANKI 03637136 IndependentDirectorMR.HEMANSHUMEHTA 01843210 IndependentDirectorMR.PRADEEPSWAIN 05116867 NonExecutiveDirectorMR.PRANAVVIJAYSAMPAT

03637046 IndependentDirector

MR.AKASHDESAI 03032020 IndependentDirectorMRS.VASANTINAGDA 06983165 NonExecutiveDirector

� AUDITORS:

PRAFULN.SHAH&CO.CHARTEREDACCOUNTANTS13­B,VISHRAMPARKSOCIETY,SUGAMFLATSROAD,OPP.R.C.PATELSCHOOL,VASNA,AHMEDABAD­380007

� REGISTRARANDSHARETRANSFERAGENT:M/S.LINKINTIMESHAREREGISTRYPVT.LTDNO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078Tele:+(91)­22­25963838,25946970

� STOCKEXCHANGESWHERETHESHARESOFTHECOMPANYARELISTED:

I.BSELIMITED

25THFLOOR,P.J.TOWERS,

DALALSTREET,FORT,

MUMBAI–400001

Notice is hereby given that 21st Annual GeneralMeeting of ATLANTADEVCONLIMITEDwill be held at Regd. Office at 1009, Hemkunth, Behind LIC Office, Ashram Road,Ahmedabad – 380009 on 30th September, 2016 at 10.00 A.M. to transact the followingbusiness: ORDINARYBUSINESS:

1. Toreceive,considerandadopttheFinancialStatementsoftheCompanyfortheyear

endedMarch31,2016,includingtheauditedBalanceSheetasatMarch31,2016,the

Statement ofProfit andLoss for theyearendedon thatdateand the reportsof the

BoardofDirectors(‘theBoard’)andAuditorsthereon.

2. ToappointaDirectorinplaceofMr.PradeepSwain(DIN:05116867),whoretiresby

rotation, in termsofSection152(6)oftheCompaniesAct,2013,andbeingeligible,

offershimselfforre­appointment.

3. To ratify the appointment of Auditors and to fix their remuneration and in this

regardspasswithorwithoutmodification(s),thefollowingresolutionasanOrdinary

Resolution:

“RESOLVED THAT pursuant to the provisions of Section 139, 141, 142 and other

applicable provisions, if any, of the Companies Act, 2013, and Rules framed there

under, as amended from time to time, pursuant to recommendation of the Audit

CommitteeofBoardofDirectorsandpursuant to resolutionpassedbymembers at

theAGMheldon30thSeptember,2014,theappointmentof,M/s.PrafulN.Shah&Co.,

CharteredAccountants(FirmRegistrationNo.108057W),asStatutoryAuditorsofthe

company to hold office from the conclusion of this Annual GeneralMeeting till the

conclusionofitsensuringAnnualGeneralMeetingofF.Y.–2016­17,beandishereby

ratified at such remuneration as may be mutually agreed between the Board of

DirectorsoftheCompanyandtheAuditors.”

PLACE:AHMEDABADBYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________

MR.ASHWINBAGDAI

MANAGINGDIRECTOR(DIN­ 03614681)

NOTES: 1. AMemberentitledtoattendandvoteattheabovemeetingisentitledtoappointa

proxytoattendandvoteinsteadofhimself/herselfandsuchproxyneednotbea

member of the company. Instrument of proxy in order to be effective must be

receivedbythecompanynotlessthan48hoursbeforethemeeting.

2. InformationasrequiredunderRegulation36(3)oftheSEBI(ListingObligationand

Disclosure Requirement) Regulations, 2015 and regarding appointment /

reappointmentofDirectorsisannexedhereto.

3. Pursuant to Section 101 and Section 136 of the Companies Act, 2013 read with

relevantRulesmadethereunder,theNoticeisbeingsenttoallthemembers,whose

namesappearintheRegisterofMembers/ListofBeneficialOwners,receivedfrom

NSDL/CDSLasoncloseofbusinesshoursonFRIDAY,12THAUGUST,2016.The

NoticeisbeingsenttoMembersinelectronicformtotheemailaddressesregistered

with their Depository Participants (in case of electronic shareholding) / the

Company'sRegistrarandShareTransferAgents(incaseofphysicalshareholding).

4. ForMemberswhoseemailIDsarenotregistered,physicalcopiesoftheNoticeare

beingsentbypermittedmode.TheMembersoftheCompanywhohaveregistered

their email address are also entitled to receive such communication in physical

form,uponrequest.

5. PursuanttotheprovisionsofSection91oftheCompaniesAct,2013theRegisterof

MembersandShareTransferBooksoftheCompanywillremainclosed from,24th

September, 2016 to 30th September, 2016 (both days inclusive) in connection

withAGM.

6. Asameasureofeconomy,AnnualReportwillnotbedistributedattheMeeting.So,

members are requested to bring their copy of Annual Report with them to the

AnnualGeneralMeeting.

7. TheNoticeofAGM,AnnualReportandAttendanceSliparebeingsentinelectronic

mode to Members whose email address are registered with the Company or the

DepositoryParticipant(s),unlesstheMembershaveregisteredtheirrequestforthe

hard copy of the same. Physical copy of the Notice of AGM, Annual Report and

Attendance Slip are being sent to those Members who have not registered their

emailaddresswiththeCompanyorDepositoryParticipant(s).Memberswhohave

receivedtheNoticeofAGM,AnnualReportandAttendanceSlipinelectronicmode

arerequestedtoprinttheAttendanceSlipattheRegistrationCounterattheAGM.

8. IncompliancewiththeprovisionsofSection108of theCompaniesAct,2013read

with Rule 20 of the Companies (Management and Administration) Amendment

Rules, 2015 and Clause 35B of Listing Agreement, the Company is providing E­

VotingfacilitytoallthememberswhosenamesappearintheRegisterofMembers/

beneficialownersasontheCut­OffDatei.e.23RDSEPTEMBER,2016,whomaycast

theirvotebyelectronicmodeonall resolutions in respectofbusiness set forth in

the notice through e­voting services provided by CDSL, through their portal

http://www.evotingindia.com in this regard, members are notified that (i) the

companyhas completed thedispatchofNotice throughpermittedmode toall the

membersofthecompanyindividuallyand(ii)votingthroughelectronicmeansshall

commencefrom09.00A.M.on27THSEPTEMBER,2016andendat5:00P.M.on

29THSEPTEMBER,2016.

9. Pleasenotethate­votingisoptional.Incaseamemberhasvotedthroughe­voting

facility,he/sheisnotallowedtovoteattheVenueofAnnualGeneralMeeting.

10. The Member who transfers his / her shares before the Cut­off date i.e. 23RD

SEPTEMBER,2016, isnoteligible to vote to theextentof transfermadebyhim/

her,ontheResolutionsmentionedintheNotice.

11. AnypersonwhoacquirestheSharesoftheCompanyafterdispatchoftheNoticeof

the General Meeting and holding the Shares on the Cut­off Date i.e. 23RD

SEPTEMBER, 2016, may request to the Company on registered mail ID of the

companyi.e.info@seaxglobal.net toobtaintheUserID&Password.

12. The Results of E­voting alongwith the Scrutinizer's Report shall be declared and

placed on the Company's website and on the website of CDSL

https://www.evotingindia.co.inonorbefore6:00P.M.on30THSEPTEMBER,2016

andcommunicatedtotheBSELimitedwherethesharesoftheCompanyarelisted.

Information pursuant to Regulation 36(3) of SEBI (Listing Obligation andDisclosure Requirement) Regulation, 2015with regard to Directors seekingappointment/re­appointmentastheforthcomingAnnualGeneralMeeting:

� MR.PRADEEPSWAIN(DIN:05116867)–NONEXECUTIVEDIRECTORMr.PradeepSwainisadirectoroftheCompanyfrom4yearsandhasdiplomamechanicaldegree.Below is a list ofother companies inwhichMr.PradeepSwain is aDirectorandchairman/memberofBoardCommitteesofothercompanies:No. Listofotherdirectorship Chairmanship/Membershipof

CommitteesoftheBoardofothercompanies

1 N.A -

ShareholdingintheCompany:NIL.

THEINSTRUCTIONSFORE­VOTING:

SECTIONA­E­VOTINGPROCESS:

(i) The voting period begins on 27TH SEPTEMBER, 2016 FROM 9:00 A.M. TO 29TH

SEPTEMBER, 2016 at 5:00P.M.During this period shareholders’ of the Company,

holding shareseither inphysical formor indematerialized form, ason the cut­off

date(recorddate)of23RDSEPTEMBER,2016maycasttheirvoteelectronically.The

e­votingmoduleshallbedisabledbyCDSLforvotingthereafter.

(ii) Shareholders who have already voted prior to the meeting date would not be

entitledtovoteatthemeetingvenue.

(iii) Theshareholdersshouldlogontothee­votingwebsitewww.evotingindia.com.

(iv) ClickonShareholders.

(v) NowEnteryourUserID.

a. ForCDSL:16digitsbeneficiaryID,

b. ForNSDL:8CharacterDPIDfollowedby8DigitsClientID,

c. Members holding shares in Physical Form should enter Folio Number

registeredwiththeCompany.

(vi) NextentertheImageVerificationasdisplayedandClickonLogin.

(vii) Ifyouareholdingsharesindematformandhadloggedontowww.evotingindia.com

andvotedonanearliervotingofanycompany,thenyourexistingpasswordistobe

used.

(viii) Ifyouareafirsttimeuserfollowthestepsgivenbelow:

ForMembersholdingsharesinDematFormandPhysicalForm

PAN Enter your 10 digit alpha­numeric *PAN issued by Income TaxDepartment (Applicable for both demat shareholders as well asphysicalshareholders)

� Members who have not updated their PAN with theCompany/DepositoryParticipantarerequestedtousethefirsttwo letters of their name and the 8 digits of the sequencenumberinthePANfield.

� In case the sequence number is less than 8 digits enter theapplicablenumberof0’sbeforethenumberafterthefirsttwocharactersof thename inCAPITAL letters.Eg. IfyournameisRamesh Kumar with sequence number 1 then enterRA00000001inthePANField.

DividendBankDetailsORDateofBirth(DOB)

Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyyformat)asrecordedinyourdemataccountorinthecompanyrecordsinordertologin.

� If both the details are not recorded with the depository orcompany please enter the member id / folio number in theDividendBankdetailsfieldasmentionedininstruction(v).

(ix) Afterenteringthesedetailsappropriately,clickon“SUBMIT”tab.

(x) Members holding shares in physical form will then directly reach the Company

selectionscreen.However,membersholdingshares indemat formwillnowreach‘Password Creation’ menu wherein they are required to mandatorily enter theirloginpassword in thenewpassword field.Kindlynotethat thispassword is tobealsousedbythedematholdersforvotingforresolutionsofanyothercompanyonwhich they are eligible to vote, provided that company opts for e­voting throughCDSL platform. It is strongly recommended not to share your passwordwith anyotherpersonandtakeutmostcaretokeepyourpasswordconfidential.

(xi) ForMembers holding shares in physical form, the details can be used only for e­votingontheresolutionscontainedinthisNotice.

(xii) ClickontheEVSNi.e.“160827055”fortherelevantCompanyNamei.e.ATLANTADEVCONLIMITEDonwhichyouchoosetovote.

(xiii) Onthevotingpage,youwillsee“RESOLUTIONDESCRIPTION”andagainstthesametheoption“YES/NO”forvoting.SelecttheoptionYESorNOasdesired.TheoptionYESimpliesthatyouassenttotheResolutionandoptionNOimpliesthatyoudissenttotheResolution.

(xiv) Click on the “RESOLUTIONS FILE LINK” if youwish to view the entireResolutiondetails.

(xv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. Aconfirmationboxwillbedisplayed.Ifyouwishtoconfirmyourvote,clickon“OK”,elsetochangeyourvote,clickon“CANCEL”andaccordinglymodifyyourvote.

(xvi) Onceyou“CONFIRM”yourvoteontheresolution,youwillnotbeallowedtomodifyyourvote.

(xvii) Youcanalsotakeaprintofthevotescastbyclickingon“Clickheretoprint”optionontheVotingpage.

(xviii) IfademataccountholderhasforgottentheloginpasswordthenEntertheUserIDandtheimageverificationcodeandclickonForgotPassword&enterthedetailsaspromptedbythesystem.

(xix) NoteforNon–IndividualShareholdersandCustodians:

� Non­Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and

Custodianarerequiredtologontowww.evotingindia.comandregisterthemselves

asCorporate.

� Ascanned copyof theRegistrationFormbearing the stampandsignof theentity

shouldbeemailedtohelpdesk.evoting@cdslindia.com.

� After receiving the login details a Compliance User should be created using the

admin login and password. The Compliance User would be able to link the

account(s)forwhichtheywishtovoteon.

� The list of accounts linked in the login should be mailed to

helpdesk.evoting@cdslindia.com and on approval of the accounts they would be

abletocasttheirvote.

� Ascanned copyof theBoardResolutionandPowerofAttorney (POA)which they

haveissuedinfavouroftheCustodian,ifany,shouldbeuploadedinPDFformatin

thesystemforthescrutinizertoverifythesame.

� In case you have any queries or issues regarding e­voting, you may refer theFrequently Asked Questions (“FAQs”) and e­voting manual available atwww.evotingindia.com, under help section or write an email tohelpdesk.evoting@cdslindia.com

SECTION B ­ COMMENCEMENT OF E­VOTING PERIOD AND OTHER E­VOTING

INSTRUCTIONS:

I TheE­Votingperiodcommenceson27THSEPTEMBER,2016(10:00A.M.)and

endson29THSEPTEMBER,2016(5:00P.M.).Duringthisperiodshareholders

of the Company, holding shares either in physical form or in dematerialized

form, as on Cut­off date i.e. 23RD SEPTEMBER, 2016 may cast their vote

electronically.Thee­Votingmoduleshallbedisabledforvotingthereafter.Once

thevoteonaresolutioniscastbytheshareholder,theshareholdershallnotbe

allowedtochangeitsubsequently.

ii. The voting rights of shareholders shall be in proportion to their shares of the

PaidUpEquityShareCapitaloftheCompany.

iii.M/SASHAH&ASSOCIATES,PracticingCompanySecretaries(MembershipNo.:

FCS4713;CPNo:6560)(Address:D­413,ShiromaniComplex,Opp.OceanPark,

S.M.Road,Satellite,Ahmedabad–380015,Gujarat,India)hasbeenappointedas

theScrutinizertoscrutinizethee­Votingprocess.

iv.TheScrutinizershall,ontheconclusionofthee­votingperiod,unblockthevotes

in the presence of at least two (2) witnesses not in the employment of the

CompanyandmakeaScrutinizer'sReportofthevotescastinfavororagainst,if

anyandsubmitforthwithtotheChairmanoftheCompany.

v.TheResultsshallbedeclaredalongwiththeScrutinizer'sReportshallbeplaced

on the Company's website and on the website of CDSL

https://www.evotingindia.co.in on or before6:00P.M. on30TH SEPTEMBER,

2016andcommunicatedtotheBSELimitedandAhmedabadStockExchangeof

IndiaLimited,wherethesharesoftheCompanyarelisted.

vi.TheresolutionsshallbedeemedtobepassedonthedateoftheAnnualGeneral

Meeting,subjecttoreceiptofsufficientvotes.

vii.ForMembersholdingsharesinphysicalform,thepasswordanddefaultnumber

canbeusedonlyfore­Votingontheresolutionsgiveninthenotice.

viii. Institutional Shareholders (i.e. other than individuals, HUF, NRI etc.) are

requiredtologontohttps://www.evotingindia.co.inandregisterthemselvesas

Corporates, link theiraccountwhich theywish tovoteonand thencast their

vote.TheyshouldsubmitascannedcopyoftheRegistrationFormbearingthe

stamp and sign of the entity to helpdesk.evoting@cdslindia.com. They should

alsouploadascannedcopyoftheBoardResolution/PowerofAttorney(POA)

which theyhave issued in favorof theCustodian, if any, inPDF format in the

systemforthescrutinizertoverifythevote.

ix. You can also update yourmobile number and E­mail ID in the user profile

detailsofthefoliowhichmaybeusedforsendingcommunication(s)regarding

CDSL e­Voting system in future. The samemay be used in case the Member

forgetsthepasswordandthesameneedstobereset.

x.TheMembersarerequestedtopayattentiontothematterthatoncehe/shehas

exercisedhis/herrightthenhe/sheshallnotbeallowedtochangehis/her

votesubsequentlyinanycase.

xi. In caseyouhaveanyqueriesor issues regardinge­Voting, youmay refer the

Frequently Asked Questions (“FAQs”) and e­Voting manual available at

www.evotingindia.com under help section or write an email to

helpdesk.evoting@cdslindia.com.

DIRECTORS'REPORTTo,TheMembers,ATLANTADEVCONLIMITED

YourDirectorshavepleasure inpresenting their21stAnnualReporton thebusinessandoperationsoftheCompanyandtheaccountsfortheFinancialYearendedMarch31,2016.

1. FINANCIALSUMMARYOFTHECOMPANY(Standalone)

TheBoard’sReportistobepreparedbasedonthestandalonefinancialstatementsofthecompany.

(Rs.inlacs)PARTICULARS 2015­16 2014­15

Incomefortheyear 0 0ExpenditurefortheyearexcludingDepreciationandAmortizationExp.

2.78 5.19

ProfitorLossbeforeDepreciationandAmortizationExp.

(2.78) (5.19)

Less:DepreciationandAmortizationExp. 0 0ProfitorLossafterDepreciationandAmortizationExp.ButbeforeTax

(2.78) (5.19)

Less:CurrentTax 0 0ProfitorLossAfterTax (2.78) (5.19)

TheCompanyhasnotcarriedanycommercialactivitiesduringthefinancialyear2015­16.Thecompanywilltrytoachievetheperformanceintermsofturnoverwellasprofitinnextyearbymakingmoreinitiativeintheactivitiesofthecompany.

2. DIVIDEND:

Withaviewtoenlarge thebusinessoperationsoftheCompany, thedirectorsdidnotrecommendanyDividendfortheYearunderreview.

3. DIRECTORSANDKEYMANAGERIALPERSONNEL:Mr.Pradeep Swain, Director of the Company retires by rotation at the forthcomingAnnualGeneralMeetingandbeingeligible,offerthemforreappointment.The Company has received declarations from all the Independent Directors of theCompany confirming that theymeetwith the criteria of independence as prescribedundersub­section6ofSection149of theCompaniesAct,2013andunderRegulation16(b)ofSEBI(ListingObligationandDisclosureRequirement)Regulations,2015.

4. MEETINGS:

DuringtheyearfourBoardMeetingsandsixAuditCommitteeMeetingswereconvenedandheld.ThedatesonwhichthesaidBoardmeetingswereheld: May13,2015,August14,2015,November06,2015&February08,2016.TheinterveninggapbetweentheMeetingswaswithintheperiodprescribedundertheCompaniesAct,2013.

5. COMMITTEES:

The company has several committees which have been established as a part of bestcorporate governance practices and are in compliance with the requirements of therelevantprovisionsofapplicablelawsandstatues.TheBoardhasconstitutedfollowingCommittees.� AuditCommittee� NominationandRemunerationCommittee� Stakeholder’sRelationshipCommitteeThedetailswithrespect tothecompositions,powers,roles, termsofreferenceetc.ofrelevantcommitteesaregivenindetailinthe‘ReportonCorporateGovernance’ofthecompanywhichformspartofthisAnnualReport.

6. EXTRACTSOFANNUALRETURN:

Pursuant to sub­section 3(a) of Section 134 and sub­section (3) of Section 92 of theCompanies Act 2013, read with Rule 12 of the Companies (Management andAdministration) Rules, 2014 the extracts of the Annual Return as at March 31, 2016formspartofthisreportas“AnnexureI”.

7. STATUTORYAUDITORS:M/s. Praful N. Shah & Co, (Firm Registration No. 108057W), Chartered Accountants,have been appointed as statutory auditors of the company at the Annual GeneralMeetingheldonSeptember30,2014toholdofficefromtheconclusionof19thAnnualGeneralMeeting(AGM)tillconclusionof22ndAnnualGeneralMeeting(AGM),subjecttoratification by the shareholders annually. Accordingly, ratification of appointment ofStatutory Auditors is being sought from the members of the company at the ensuingAGM. In this regard, the Company has received a certificate from the auditors to theeffectthatiftheirappointmentisratified,itwouldbeinaccordancewiththeprovisions

of Section 141 of the Companies Act, 2013.Auditors comments on your company’saccounts for year ended March 31, 2016 are self explanatory in nature and do notrequire any explanation as per provisions ofSection 134(3)(f) of the Companies Act,2013.

There were no qualifications, reservation or adverse remark or disclaimer made byStatutoryAuditorinitsreport.

8. SECRETARIALAUDITORSANDSECRETARIALAUDITREPORT:

PursuanttoSection204oftheCompaniesAct,2013,yourcompanyhadappointedM/s.A. Shah & Associates, Practicing Company Secretaries, Ahmedabad, as its SecretarialAuditorstoconducttheSecretarialAuditofthecompanyforFY2015­16.TheReportoftheSecretarialAuditorfortheFY2015­16isannexedtothisreportas“AnnexureII”.SecretarialAuditorshave qualified their report to theMembersof the Company& inthisconnection;theBoardofDirectorsoftheCompanyhasdiscussedthesameatarm’slengthandagreedtotakethecorrectivestepsonfollowingQualifications:1. Companyhasnot executed Fresh ListingAgreementwithBSE as stipulated in

Regulation 109 of the Securities and Exchange Board of India (Listing

ObligationandDisclosureRequirement)Regulation,2015.

2. Company has not complied with Regulation 29 of the Securities and Exchange

BoardofIndia(ListingObligationandDisclosureRequirement)Regulation,2015and

clause 41(III) of the erstwhile Listing agreement for all the quarters of the

financialyear2015­16.

3. The Company is not in compliance with Pursuant to Section 203 (1) (ii) for

appointment of Company Secretary asKeyManagerial Personnel for the financial

year2015­16andasperRegulation6(2)ofTheSecuritiesandExchangeBoardof

India(ListingObligationandDisclosureRequirement)Regulation,2015andClause

47(a) of erstwhile Listing Agreement for appointment of Company Secretary as

complianceofficerforthefinancialyear2015­16.

4. Company is yet to comply with the section 138 of the Companies Act, 2013 i.e.

InternalAuditorneedstobeappointedtoconducttheinternalauditofthefunctions

andactivitiesofthecompany.

5. TheCompanyisyettocomplywithRegulation31(2)ofTheSecuritiesandExchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

for maintaining hundred percent of shareholding of promoter(s) and promoter

groupindematerializedform.

6. TheCompanyisyettocomplywithRegulation33(d)ofTheSecuritiesandExchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

and Clause 41 (1) (h) of erstwhile Listing Agreement regarding submission of

quarterly/yearly basis financial results by auditor who holds valid peer review

certificateissuedbyInstituteofCharteredAccountantsinIndia.

7. The Company is yet to complywithRegulation46 of The Securities and Exchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

andClause54oferstwhileListingAgreementregardingmaintainingaFunctional

Websitefordisseminatinginformationtoshareholders.

8. Company has not provided book closure notice pursuant to section 91 ofCompaniesAct,2013.

9. The company is yet to comply with Regulation 9, 16(c), 17(9) (b), 30(5) of The

Securities and Exchange Board of India (Listing Obligation and Disclosure

Requirement)Regulation,2015.

10. TheCompanyhasnotcompliedwithSection136andSection101oftheCompanies

Act,Regulation36ofTheSecuritiesandExchangeBoardofIndia(ListingObligation

and Disclosure Requirement) Regulation, 2015 and Clause 32 of erstwhile Listing

Agreementregardingsendingtheannualreportof2015­16toeverymemberofthe

company.

9. INTERNALFINANCIALCONTROLS:

Yourcompanyhad laiddownsetofstandards,processesandstructurewhichenablesto implement internal financial control across the organization and ensure that thesameareadequateandoperatingeffectively.

10. BOARDEVALUATION:

TheBoardofDirectorshas carried out an annual evaluation of its ownperformance,BoardcommitteesandindividualdirectorspursuanttotheprovisionsoftheCompanies

Act,2013andthecorporategovernancerequirementsasprescribedbySecuritiesandExchangeBoardofIndia(“SEBI”)underRegulation17,18,19,20,21,22,23,24,25,26,27andclauses(b) to(i)ofsub­regulation(2)ofregulation46andparaC,DandEofScheduleVofSEBI(ListingObligationandDisclosureRequirement)Regulation2015.

TheperformanceoftheBoardwasevaluatedbytheBoardafterseekinginputsfromallthedirectorsonthebasisofthecriteriasuchastheBoardcompositionandstructure,effectivenessofboardprocesses,informationandfunctioning,etc.Theperformanceof the committeeswas evaluatedby theboard after seeking inputsfrom the committeemembers on the basis of the criteria such as the compositionofcommittees,effectivenessofcommitteemeetings,etc.The Board and the Nomination and Remuneration Committee (“NRC”) reviewed theperformance of the individual directors on the basis of the criteria such as thecontribution of the individual director to the Board and committee meetings likepreparednesson the issuestobediscussed,meaningfulandconstructivecontributionand inputs inmeetings, etc. In addition, the Chairmanwas also evaluated on the keyaspectsofhisrole.In a separate meeting of independent Directors, performance of non­independentdirectors,performanceoftheboardasawholeandperformanceoftheChairmanwasevaluated, taking into account the views of executive directors and non­executivedirectors.The samewasdiscussed in theboardmeeting that followed themeetingoftheindependentDirectors,atwhichtheperformanceoftheBoard,itscommitteesandindividualdirectorswasalsodiscussed.

11. FIXEDDEPOSITS:Your company has not accepted any fixed deposits from the public within theprovisionsofSection73to76oftheCompaniesAct,2013.However,thecompanyhasaccepted unsecured loan from director which is exempt as per Section 73 of theCompaniesAct,2013.Hence, thedisclosures requiredasperRule8(5)(v)&(vi)of theCompanies (Accounts)Rules,2014, readwith Section73 to76of theCompaniesAct,2013arenotapplicabletoyourCompany.

12. CORPORATEGOVERNANCE: TheCompanybelievesthatgoodCorporateGovernanceisacontinuousprocessanditisour continuous endeavor to achieve good governance, by way of a conscious and

conscientious effort whereby ensuring the truth, transparency, accountability andresponsibilityinallourdealingswithallourstakeholders.AseparatesectiononCorporateGovernanceStandards followedbyyourcompany,asstipulatedunderRegulation34(3)readwithScheduleVofSEBI(ListingObligationandDisclosureRequirement)Regulation2015isenclosedasAnnexuretothisReport.TheReport on Corporate Governance also contains certain disclosures required underCompaniesAct,2013. A certificate from M/s. Praful N. Shah & Co., Chartered Accountants, conformingcompliancetotheconditionsofCorporateGovernanceasstipulatedunderRegulation17,18,19,20,21,22,23,24,25,26,27andclauses(b) to(i)ofsub­regulation(2)ofregulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligation andDisclosureRequirement)Regulation2015,isannexedtothisReport.

13. VIGILMECHANISM:

Inpursuanttotheprovisionsofsection177(9)&(10)oftheCompaniesAct,2013,andRegulation22oftheSEBI(ListingObligationandDisclosureRequirement)Regulations,2015, aVigilMechanism fordirectorsand employees to reportgenuine concernshasbeenestablished.

14. CONSEVATIONOFENERGY&ABSORTIONTECHNOLOGY:

(a)Conservationofenergy­

(i) thestepstakenorimpactonconservationofenergy

N.A

(ii) thestepstakenbythecompanyforutilizingalternatesourcesofenergy

N.A

(iii) thecapitalinvestmentonenergyconservationequipment’s

N.A

(b)Technologyabsorption

(i) theeffortsmadetowardstechnologyabsorption N.A(ii) thebenefitsderivedlikeproductimprovement,

costreduction,productdevelopmentorimportsubstitution

N.A

(iii) incaseofimportedtechnology(importedduringthelastthreeyearsreckonedfromthebeginningofthefinancialyear)­

N.A

(a)thedetailsoftechnologyimported N.A

(b)theyearofimport; N.A

(c)whetherthetechnologybeenfullyabsorbed N.A

(d)ifnotfullyabsorbed,areaswhereabsorptionhasnottakenplace,andthereasonsthereof

N.A

(iv) theexpenditureincurredonResearchandDevelopment

N.A

15. FOREIGNEXCHANGEEARNINGS/OUTGO:-

As the Company has not carried out any activities relating to the export and importduring the financial year. There is no foreign exchange expenses and foreign incomeduringthefinancialyear.

16. PARTICULARSOFCONTRACTSORARRANGEMENTSWITHRELATEDPARTIES:

Duringthefinancialyear2015­16therewerenocontractandarrangementdonewiththe related parties. The policy on material Related Party Transactions and also ondealingwithRelatedPartyTransactionsisapprovedbytheAuditCommitteeandtheBoardofDirectors.

The details of every contract or arrangements entered into by the Company withrelatedpartiesasrequiredundersub­section(1)ofsection188oftheCompaniesAct,2013isdisclosedinFormNo.AOC­2.“AnnexureIV”.

17. PARTICULARSOFLOANS,GUARANTEESORINVESTMENTSUNDERSECTION186:

In terms of provisions of Section 134(3)(g), the Particulars of Loans, Guarantees orInvestmentsunderSection186,isannexedheretoas“AnnexureV”andformspartofthisReport.

18. PARTICULARSOFEMPLOYEESREMUNERATION:A. The ratio of the remuneration of each director to the median employee’s

remuneration and other details in terms of sub­section 12 of Section 197, of theCompanies Act, 2013 read with Rule 5(1) of the Companies (Appointment andRemunerationofManagerialPersonnel)Rules,2014,areformingpartofthisreportas“AnnexureVI”.

B. The statement containing particulars of employees as required under Section197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is notprovidedasnoemployeesispaidremunerationofRs.5LacPermonthandRs.60LacsPerAnnum.

19. NOMINATIONANDREMUNERATIONPOLICY:The Board has on the recommendation of Nomination and Remuneration /CompensationCommitteeframedapolicyondirectors’appointmentandremunerationof Directors including criteria for determining qualification, positive attributes,independenceofdirectorsand remuneration forDirectors,KeyManagerialPersonnelandotheremployees.Thepolicyisannexedtothisreportas“AnnexureVII”.

20. HUMANRESOURCES:YourCompany treats its “humanresources”asoneof itsmost significantassets.TheCompanycontinuesitsfocusonretentionthroughemployeeengagementinitiativesandprovides a holistic environment where employees get opportunities to realize theirpotential. A numberof programs thatprovide focused people attention are currentlyunderway. Your Company thrust is on the promotion of talent internally through jobrotation and job enlargement. The Company’s Health and Safety Policy commits toprovideahealthyandsafeworkenvironmenttoallemployees.

21. CORPORATESOCIALRESPONSIBILITY(CSR)

Thecompanydoesnotfallunderthepurviewofthesection135oftheCompaniesAct,2013 which requires formulating a Corporate Social Responsibility Committee andadoptinganyactivities as specified inScheduleVII. HoweverasperSection135, thedisclosureofReportonCSRactivityisannexedasAnnexureVII

22. CHANGEINNATUREOFTHEBUSINESS:

There has been no change in the nature of business of the company during the yearunderreview.

23. MANAGEMENTDISCUSSIONANDANALYSIS:

Aspercorporategovernancenorms,aseparatesectiononManagementDiscussionandAnalysisoutliningthebusinessoftheCompanyissetoutinAnnexureformingpartofthisReport.

24. SIGNIFICANTORMATERIALORDERSAGAINSTCOMPANY:

NosignificantandmaterialorderswerepassedbytheregulatorsorcourtsortribunalsimpactingthegoingconcernstatusandCompany’soperationinfuture.

25. DIRECTORS’RESPONSIBILITYSTATEMENT:

Pursuanttorequirementunder134(3)(c)andSection134(5)oftheCompaniesAct,2013(Act),Directors,confirmthat:

(a) Inthepreparationof theannualaccounts for theyearendedon31stMarch,2016,theapplicableaccountingstandardsreadwithrequirementsetoutunderScheduleIII to the Act, have been followed and there are nomaterial departures from thesame;

(b) TheDirectorshaveselectedsuchaccountingpoliciesandappliedthemconsistentlyandmadejudgmentsandestimatesthatarereasonableandprudentsoastogiveatrueandfairviewofthestateofaffairsofthecompanyasatMarch31,2016andoftheprofitofthecompanyfortheyearendedonthatdate;

(c) TheDirectorshavetakenproperandsufficientcareforthemaintenanceofadequateaccountingrecordsinaccordancewiththeprovisionsoftheActforsafeguardingtheassets of the company and for preventing and detecting fraud and otherirregularities;

(d) TheDirectorshadpreparedtheannualaccountsonagoingconcernbasis;

(e) The Directors, had laid down internal financial controls to be followed by thecompanyand that such internal financial controls areadequate andareoperatingeffectivelyand

(f) TheDirectorshaddevisedpropersystemstoensurecompliancewiththeprovisionsofallapplicablelawsandthatsuchsystemsareadequateandoperatingeffectively.

26. ACKNOWLEDGEMENT:

YourDirectorswishtoplaceonrecordtheirgratitudeandsincereappreciationfortheassistanceandco­operationreceivedfromthefinancialinstitutions,banks,Governmentauthorities,customers,vendorsandmembersduringtheyearunderreview.

Your Directors would like to express a profound sense of appreciation for thecommitment shown by the employees in supporting the Company in its continuedrobustperformanceonallfronts.

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­

_________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR(DIN­03614681)

ANNEXUREI

FORMNO.MGT9

EXTRACTOFANNUALRETURN

Asonfinancialyearendedon31.03.2016

PursuanttoSection92(3)oftheCompaniesAct,2013andrule12(1)oftheCompany(Management&Administration)Rules,2014.

I. REGISTRATION&OTHERDETAILS:1. CIN L45200GJ1994PLC061328

2. RegistrationDate 05/04/1994

3. NameoftheCompany ATLANTADEVCONLIMITED

4. Category/Sub­categoryoftheCompany

COMPANYLIMITEDBYSHARES/INDIANNON­GOVERNMENTCOMPANY

5. AddressoftheRegisteredoffice&contactdetails

1009HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD,GUJARAT,INDIA–380009MOBILENO:9426456144E­MAIL:Atlantadevcon@yahoo.com

6. Whetherlistedcompany BSELIMITED

7. Name,Address&contactdetailsoftheRegistrar&TransferAgent,ifany.

M/S.LINKINTIMESHAREREGISTRYPVT.LTD.NO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078Tele:+(91)­22­25963838,25946970

II. PRINCIPALBUSINESSACTIVITIESOFTHECOMPANY(Allthebusinessactivitiescontributing

10%ormoreofthetotalturnoverofthecompanyshallbestated)

Sr.No.

NameandDescriptionofmainproducts/services

NICCodeoftheProduct/service

%tototalturnoverofthecompany

1 N.A N.A N.A

Note:CompanyhasnottransactedanycommercialBusinessduringtheyear.

VI.SHAREHOLDINGPATTERN(EquityShareCapitalBreakupaspercentageofTotalEquity)

Category­wise ShareHolding

Category of

Shareholder

No. of Shares held at the beginning of the

year

(as on April 1, 2015 i.e. on the basis of SHP of

March 31, 2015)

No. of Shares held at the end of the year

(as on March 31, 2016 i.e. on the basis of SHP of

March 31, 2016)

%

Chang

e

during

the

year Demat Physical Total

% of

Total

Shares

Demat Physical Total

% of

Total

Shares

A.

Promoters/Prom

oters Group

(1) Indian

a) Individual/HUF 362427 1206000 1568427 11.15 362427 1206000 1568427 11.15

b) Central Govt. ­ ­ ­ ­ ­ ­ ­ ­

c) State Govt.(s) ­ ­ ­ ­ ­ ­ ­ ­

d) Bodies

Corporate

­ ­ ­ ­ ­ ­ ­ ­

e) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­

f) Any Other ­ ­ ­ ­ ­ ­ ­ ­

Sub­total(A)(1): 362427 1206000 1568427 11.15 362427 1206000 1568427 11.15

(2) Foreign

a) NRIs –

Individuals

­ ­ ­ ­ ­ ­ ­ ­ ­

b) Other –

Individuals

­ ­ ­ ­ ­ ­ ­ ­ ­

c) Bodies Corp. ­ ­ ­ ­ ­ ­ ­ ­ ­

d) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­ ­

e) Any Other.... ­ ­ ­ ­ ­ ­ ­ ­ ­

Sub­total:(A) (2): ­ ­ ­ ­ ­ ­ ­ ­ ­

Total

shareholding of

Promoter (A)

=(A)(1)+(A)(2)

362427 1206000 1568427 11.15 362427 1206000 1568427 11.15

B. Public

Shareholding

1. Institutions

a) Mutual Funds ­ ­ ­ ­ ­ ­ ­ ­ ­

b) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­ ­

c) Central Govt. ­ ­ ­ ­ ­ ­ ­ ­ ­

d) State Govt.(s) ­ ­ ­ ­ ­ ­ ­ ­ ­

e) Venture

Capital Funds

­ ­ ­ ­ ­ ­ ­ ­ ­

f) Insurance

Companies

­ ­ ­ ­ ­ ­ ­ ­ ­

g) FIIs ­ ­ ­ ­ ­ ­ ­ ­ ­

h)Foreign

Venture Capital

Funds

­ ­ ­ ­ ­ ­ ­ ­ ­

i) Others (specify) ­ ­ ­ ­ ­ ­ ­ ­ ­

i­1) Foreign

Financial

Institution

­ ­ ­ ­ ­ ­ ­ ­ ­

i­2) Trust ­ ­ ­ ­ ­ ­ ­ ­ ­

Sub­total (B)(1):­ ­ ­ ­ ­ ­ ­ ­ ­ ­

2.Non­Institution

s

a) Bodies

Corporate

i) Indian 4238417 24428 4262845 30.31 4200211 24428 4224639 30.04 ­0.27

ii) Overseas ­ ­ ­ ­ ­

b) Individuals

i) Individual

shareholders

holding nominal

share capital upto

Rs. 1 lakh

383262 377066 760328 5.40 893678 375736 1269414 9.03 +3.63

ii) Individual

shareholders

holding nominal

share capital in

excess of Rs 1

lakh

6184534 62720 6247254 44.42 5633068 61670 5694738 40.49 ­3.93

c) Others (specify)

­ ­ ­ ­ ­ ­ ­ ­ ­

Non Resident

Indians (Repat)

2210 ­ 2210 0.01 2210 ­ 2210 0.01

Non Resident

Indians (Non

Repat)

70 ­ 70 0.00 70 ­ 70 0.00

HUF 1154178 ­ 1154178 8.21 1240211 ­ 1240211 8.81 +0.6

Clearing

Members

68737 ­ 68737 0.49 64340 ­ 64340 0.46 ­0.03

Sub­total (B)(2):­ 12031408 464214 12495622 88.85 12033788 461834 12495622 88.85 ­

Total Public

Shareholding

(B)=(B)(1)+(B)(2)

12031408 464214 12495622 88.85 12033788 461834 12495622 88.85 ­

C. Shares held by

Custodian for

GDRs & ADRs (C)

­ ­ ­ ­

Grand Total

(A+B+C)

12393835 1670214 14064049 100 12396215 1667834 14064049 100 ­

B)ShareholdingofPromoter­

SNShareholder’s

Name

Shareholdingatthebeginningoftheyear(asonApril1,2015i.e.onthebasisofSHPofMarch31,2015)

Shareholdingattheendoftheyear(as on March

31, 2016 i.e. on the basis of SHP of March 31, 2016)%changeinshareholdingduringtheyear

No.ofShares

%oftotalSharesofthe

company

%ofSharesPledged/encumberedtototalshares

No.ofShares

%oftotalSharesofthecompany

%ofSharesPledged/encumberedtototalshares

1 SARUNKUMAR

372047 2.65 ­ 372047 2.65 ­ ­

2 SWETHAS 315000 2.24 ­ 315000 2.24 ­ ­

3 RAJSURANA 518953 3.69 ­ 518953 3.69 ­ ­

4 K.SHIRAJ 202531 1.44 ­ 202531 1.44 ­ ­

5 RAJBALDEVSINHJHALA

159896 1.14 ­ 159896 1.14 ­ ­

C)ChangeinPromoters’Shareholding(pleasespecify,ifthereisnochange)

SN Particulars Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringtheyear

No.ofshares

%oftotal

sharesofthe

company

No.ofshares

%oftotal

sharesofthe

company

Atthebeginningoftheyear NoChanges

Date wise Increase / Decrease inPromoters Shareholding during theyear specifying the reasons forincrease / decrease (e.g. allotment/transfer / bonus/ sweat equityetc.):

NoChanges

Attheendoftheyear NoChanges

D)ShareholdingPatternoftoptenShareholders:

(OtherthanDirectors,PromotersandHoldersofGDRsandADRs):

Sr.No.

NameoftheShareholder

Date

Reason(ifanyincrease/decreaseduringthe

year)

Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringthe

yearNo.ofshares

%oftotal

sharesofthe

company

No.ofshares

%oftotal

sharesofthe

company1. KRSIHNACAP

SHAREPRIVATELIMITED

01/04/2015 Atthebeginningoftheyear

1812500 12.89 1812500 12.89

31/03/2016 Attheendoftheyear

­ ­ 1812500 12.89

2. AYODHYAPATIINVESTMENTPVTLTD

01/04/2015 Atthebeginningoftheyear

440564 3.13 440564 3.13

31/03/2016 Attheendoftheyear

­ ­ 440564 3.13

3. ANILBHAIAMRUTLALGANDHI(HUF)

01/04/2015 Atthebeginningoftheyear 427920 3.04 427920 3.04

31/03/2016 Attheendoftheyear

­ ­ 427920 3.04

4. PARIANILGANDHI

01/04/2015 Atthebeginningoftheyear 423993 3.01 423993 3.01

31/03/2016 Attheendoftheyear

­ ­ 423993 3.01

5. KADVANISECURITIESLIMITED

01/04/2015 Atthebeginningoftheyear

413641 2.94 413641 2.94

31/03/2016 Attheendoftheyear

­ ­ 413641 2.94

6. OMEDUCATION(IT)PRIVATELIMITED

01/04/2015 Atthebeginningoftheyear

402145 2.86 402145 2.86

31/03/2016 Attheendoftheyear

­ ­ 402145 2.86

7. HARESHKUMARLALITBHAI

TEJANI

01/04/2015 Atthebeginningoftheyear

367035 2.61 367035 2.61

31/03/2016 Attheendoftheyear

­ ­ 367035 2.61

8. PERSILCOIMPEXLTD

01/04/2015 Atthebeginningoftheyear

334432 2.38 334432 2.38

31/03/2016 Attheendoftheyear

­ ­ 334432 2.38

9. AMRUTSECURITIESLIMITED

01/04/2015 Atthebeginningoftheyear 332199 2.36 332199 2.36

31/03/2016 Attheendoftheyear

­ ­ 332199 2.36

10. DIPTISHAILESHPAREKH

01/04/2015 Atthebeginningoftheyear 250000 1.78 250000 1.78

Attheendoftheyear

­ ­ 250000 1.78

11. PARESHCHAMANLAL

DOSHI

31/03/2016 Atthebeginningoftheyear

244181 1.74 244181 1.74

Attheendoftheyear

­ ­ 244181 1.74

E)ShareholdingofDirectorsandKeyManagerialPersonnel:

Sr.No.

NameoftheDirectorand

KeyManagerialPersonnel

Date

Reason(ifanyincrease/decreaseduringthe

year)

Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringthe

yearNo.ofshares

%oftotalsharesof

thecompany

No.ofshares

%oftotal

sharesofthe

company1. ASHWIN

BAGDAI(M.D&CFO)

01/04/2015

Atthebeginningoftheyear ­ ­ ­ ­

31/03/2016

Attheendoftheyear

­ ­ ­ ­

2. AKASHDESAI(I.D)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear

­ ­ ­ ­

3. PRANAVSAMPAT(I.D)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear

­ ­ ­ ­

4. DHARMESHSOLANKI(I.D)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear

­ ­ ­ ­

5. VASANTI NAGDA(DIRECTOR)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear

­ ­ ­ ­

6. PRADEEP SWAIN(DIRECTOR)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

7. HEMANSHUMEHTA(I.D)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

8. RAJJHALA(DIRECTOR)

01/04/2015

Atthebeginningoftheyear 159896 1.14 ­ ­

31/03/2016

Attheendoftheyear ­ ­ 159896 1.14

F) INDEBTEDNESS ­Indebtedness of the Company including interest outstanding/accrued but notdueforpayment.

Particulars

SecuredLoansexcludingdeposits

UnsecuredLoans

DepositsTotalIndebtedness

Indebtednessatthebeginningofthefinancialyear

i)PrincipalAmount 0 11548000 0 11548000

ii)Interestduebutnotpaid 0 0 0 0

iii)Interestaccruedbutnotdue 0 0 0 0

Total(i+ii+iii)­A 0 11548000 0 11548000

ChangeinIndebtednessduringthefinancialyear

*Addition 0 261000 261000

*Reduction 0 0 0

NetChange­B

Indebtednessattheendofthefinancialyear

0 0 0 0

i)PrincipalAmount 0 11809000 0 11809000

ii)Interestduebutnotpaid 0 0 0 0

iii)Interestaccruedbutnotdue 0 0 0 0

Total(i+ii+iii)­C 0 11809000 0 11809000

XI.REMUNERATIONOFDIRECTORSANDKEYMANAGERIALPERSONNEL­

A.RemunerationtoManagingDirector,Whole­timeDirectorsand/orManager:

Sr.No

ParticularsofRemuneration

NameofMD/WTD/Manager

TotalAmount

MR.ASHWINBAGDAIMANAGINGDIRECTOR

1 Grosssalary N.A N.A

(a)Salaryasperprovisionscontainedinsection17(1)oftheIncome­taxAct,1961

N.A N.A

(b)Valueofperquisitesu/s17(2)Income­taxAct,1961

N.A N.A

(c)Profitsinlieuofsalaryundersection17(3)Income­taxAct,1961

N.A N.A

2 StockOption N.A N.A

3 SweatEquity N.A N.A

4 Commission­as%ofprofit

N.A N.A

5 Others,pleasespecify

N.A N.A

Total(A)

N.A N.A

CEILINGASPERTHEACT

NIL

B.Remunerationtootherdirectors

1.IndependentDirectors

2.OtherNon­ExecutiveDirectors

Sr.No.

ParticularsofRemuneration

NameofDirector TotalAmtMr.Akash

DesaiMr.

DharmeshSolanki

Mr.Hemanshu

Mehta

Mr.PranavSampat

1 ­FeeforattendingBoard/Committeemeetings(inRs.)

­ ­ ­

2 ­Commission ­ ­ ­3 ­Others,

pleasespecify­ ­ ­

4 TOTAL(B1) ­ ­ ­

Sr.No.

ParticularsofRemuneration

Total Amt

Mr. Pradeep Swain

Mrs. Vasanti Nagda

Mr. Raj. Jhala

­FeeforattendingBoard/Committeemeetings(inRs.)

­ ­ -

­Commission ­ ­ - ­Others,

pleasespecify­ ­ -

TOTAL(B2) ­ ­ - TOTALB=B(1)+B(2) ­ -

TOTALMANAGERIALREMUNERATION ­ -

NIL

C.REMUNERATIONTOKEYMANAGERIALPERSONNELOTHERTHANMD/MANAGER/WTD

SR.NO

ParticularsofRemuneration

KeyManagerialPersonnel

CFO­MR.ASHWINBAGDAI

Total

1 Grosssalary N.A NIL

(a)Salaryasperprovisionscontainedinsection17(1)oftheIncome­taxAct,1961

N.A NIL

(b)Valueofperquisitesu/s17(2)Income­taxAct,1961

N.A NIL

(c)Profitsinlieuofsalaryundersection17(3)Income­taxAct,1961

N.A NIL

2 StockOption N.A NIL

3 SweatEquity N.A NIL

4 Commission N.A NIL

­as%ofprofit N.A NIL

5 Others,pleasespecify N.A NIL

Total N.A NIL

XII.PENALTIES/PUNISHMENT/COMPOUNDINGOFOFFENCES:

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTADEVCONLIMITED Sd/­ _________________________

MR.ASHWINBAGDAI MANAGINGDIRECTOR(DIN­03614681)

Type

SectionoftheCompaniesAct

BriefDescription

DetailsofPenalty/Punishment/Compoundingfeesimposed

Authority[RD/NCLT/COURT]

Appealmade,ifany(giveDetails)

A.COMPANYPenalty

NOTAPPLICABLEPunishmentCompoundingB.DIRECTORSPenalty

NOTAPPLICABLEPunishmentCompoundingC.OTHEROFFICERSINDEFAULTPenalty

NOTAPPLICABLEPunishmentCompounding

ANNEXURE­II

SECRETARIALAUDITREPORT

[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies(AppointmentandRemunerationPersonnel)Rules,2014]

FORTHEFINANCIALYEARENDEDASON31STMARCH,2016

To,TheMembers,ATLANTADEVCONLIMITEDWe have conducted the secretarial audit of the compliance of applicable statutory

provisions and the adherence to good corporate practices by M/S ATLANTA DEVCON

LIMITED(Hereinaftercalled thecompany).SecretarialAuditwasconducted inamanner

that provided us a reasonable basis for evaluating the corporate conducts/statutory

compliancesandexpressingmyopinionthereon.

BasedonourverificationoftheM/SATLANTADEVCONLIMITED(books,papers,minute

books,formsandreturnsfiledandotherrecordsmaintainedbythecompanyandalsothe

informationprovidedbytheCompany, itsofficers,agentsandauthorizedrepresentatives

duringtheconductofsecretarialaudit,Weherebyreportthatinouropinion,thecompany

has, during the audit period covering the financial year ended on 31ST MARCH, 2016

compliedwith the statutory provisions listed hereunder and also that the Company has

properBoard­processesandcompliance­mechanisminplacetotheextent,inthemanner

andsubjecttothereportingmadehereinafter:

We have examined the books, papers, minute books, forms and returns filed and other

recordsmaintainedbyM/SATLANTADEVCONLIMITEDfor the financialyearendedon

31STMARCH,2016accordingtotheprovisionsof:

(i)TheCompaniesAct,2013(theAct)andtherulesmadethereunder;

(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made there

under;

(iii)TheDepositoriesAct,1996andtheRegulationsandBye­lawsframedthereunder;

(iv)Foreign Exchange Management Act, 1999 and the rules and regulations made there

undertotheextentofForeignDirectInvestment,OverseasDirectInvestmentandExternal

CommercialBorrowings;

(v)ThefollowingRegulationsandGuidelinesprescribedundertheSecuritiesandExchange

BoardofIndiaAct,1992(‘SEBIAct’):­

(a) TheSecuritiesandExchangeBoardofIndia(ListingObligationandDisclosure

Requirement)Regulation,2015;

(b) TheSecuritiesandExchangeBoardofIndia(SubstantialAcquisitionofSharesand

Takeovers)Regulations,2011;

(c) TheSecuritiesandExchangeBoardofIndia(ProhibitionofInsiderTrading)

Regulations,1992;

(d) The Securities and Exchange Board of India (Issue of Capital and Disclosure

Requirements)Regulations,2009;

(e) TheSecuritiesandExchangeBoardof India (EmployeeStockOptionSchemeand

EmployeeStockPurchaseScheme)Guidelines,1999;

(f) TheSecuritiesandExchangeBoardof India(IssueandListingofDebtSecurities)

Regulations,2008;

(g) The Securities and Exchange Board of India (Registrars to an Issue and Share

TransferAgents)Regulations,1993regardingtheCompaniesActanddealingwith

client;

(h) The Securities and Exchange Board of India (Delisting of Equity Shares)

Regulations,2009;and

(i) The Securities and ExchangeBoard of India (Buyback of Securities) Regulations,

1998;

(vi)NootherspecificlawsareapplicabletotheCompany,ascompanyhasnottransactedanycommercialbusinessactivityduringfinancialyear2015­16.

Wehavealsoexaminedcompliancewiththeapplicableclausesofthefollowing:

I. SecretarialStandardsissuedbyTheInstituteofCompanySecretariesofIndia.

II. TheListingAgreementsenteredintobytheCompanywithBSELimited.

DuringtheperiodunderreviewtheCompanyhascompliedwiththeprovisionsofthe

abovementionedAct,Rules,Regulations,Guidelines,Standards,etc.subjecttothe

followingobservations:

1. Companyhasnot executed Fresh ListingAgreementwithBSE as stipulated in

Regulation 109 of the Securities and Exchange Board of India (Listing

ObligationandDisclosureRequirement)Regulation,2015.

2. Company has not complied with Regulation 29 of the Securities and Exchange

BoardofIndia(ListingObligationandDisclosureRequirement)Regulation,2015and

clause 41(III) of the erstwhile Listing agreement for all the quarters of the

financialyear2015­16.

3. The Company is not in compliance with Pursuant to Section 203 (1) (ii) for

appointment of Company Secretary asKeyManagerial Personnel for the financial

year2015­16andasperRegulation6(2)ofTheSecuritiesandExchangeBoardof

India(ListingObligationandDisclosureRequirement)Regulation,2015andClause

47(a) of erstwhile Listing Agreement for appointment of Company Secretary as

complianceofficerforthefinancialyear2015­16.

4. Company is yet to comply with the section 138 of the Companies Act, 2013 i.e.

InternalAuditorneedstobeappointedtoconducttheinternalauditofthefunctions

andactivitiesofthecompany.

5. TheCompanyisyettocomplywithRegulation33(d)ofTheSecuritiesandExchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

and Clause 41 (1) (h) of erstwhile Listing Agreement regarding submission of

quarterly/yearly basis financial results by auditor who holds valid peer review

certificateissuedbyInstituteofCharteredAccountantsinIndia.

6. TheCompanyisyettocomplywithRegulation31(2)ofTheSecuritiesandExchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

for maintaining hundred percent of shareholding of promoter(s) and promoter

groupindematerializedform.

7. The Company is yet to complywithRegulation46 of The Securities and Exchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

andClause54oferstwhileListingAgreementregardingmaintainingaFunctional

Websitefordisseminatinginformationtoshareholders.

8. Company has not provided book closure notice pursuant to section 91 ofCompaniesAct,2013.

9. The company is yet to comply with Regulation 9, 16(c), 17(9) (b), 30(5) of TheSecurities and Exchange Board of India (Listing Obligation and DisclosureRequirement)Regulation,2015.

10. TheCompanyhasnotcompliedwithSection136andSection101oftheCompanies

Act,Regulation36ofTheSecuritiesandExchangeBoardofIndia(ListingObligation

and Disclosure Requirement) Regulation, 2015 and Clause 32 of erstwhile Listing

Agreementregardingsendingtheannualreportof2015­16toeverymemberofthe

company.

Wefurtherreportthat

TheBoard ofDirectorsof the Company is duly constitutedwith proper balance of ExecutiveDirectors,Non­ExecutiveDirectorsandIndependentDirectors.Thechangesinthecompositionof theBoardofDirectors that tookplaceduring theperiodunder reviewwere carriedout incompliancewiththeprovisionsoftheAct.

Adequatenotice isgiventoalldirectors toscheduletheBoardMeetings,agendaanddetailednotesonagendaweresentatleastsevendaysinadvance,andasystemexistsforseekingandobtainingfurtherinformationandclarificationsontheagendaitemsbeforethemeetingandformeaningfulparticipationatthemeeting.

Majority decision is carried throughwhile the dissenting members’ views are captured andrecordedaspartoftheminutes.

We further report that there are adequate systems and processes in the companycommensuratewiththesizeandoperationsofthecompanytomonitorandensurecompliancewithapplicablelaws,rules,regulationsandguidelines.

We further report that during the audit period the company there has been no materialdiscrepancyinthebusinessandnospecificchangeinthenatureoftheBusiness.

PLACE:AHMEDABAD FOR,A.SHAH&ASSOCIATESDATE:12/08/2016 PRACTISINGCOMPANYSECRETARIES

Sd/­____________________MR.ANISHSHAHPROPRIETOR

FCSNo:4713 CPNo.:6560

Note: This report is to be read with our letter of even date which is annexed as“ANNEXUREA”andformsanintegralpartifthisreport

AnnexureA

To,TheMembersATLANTADEVCONLIMITED1009HEMKUNTH,BEHINDLICOFFICEDIST.ASHRAMROAD,AHMEDABAD–380006OurReportofevendateistobereadwiththisletter:

1. Maintenance of Secretarial record is the responsibility of the management of thecompany.Ourresponsibilityistoexpressanopiniononthesesecretarialrecordsbasedonouraudit.2. We have followed the audit practices and processes as were appropriate to obtainreasonableassuranceaboutthecorrectnessofthecontentsofthesecretarialrecords.Theverificationwasdonetotestbasis toensurethatcorrect factsarereflected insecretarialrecords.We believe that the processes and practices, we followed provide a reasonablebasisforouropinion.3.WehavenotverifiedthecorrectnessandappropriatenessoffinancialrecordsandBooksofAccountsoftheCompany.4. Where ever required, we have obtained the Management representation about thecomplianceoflaws,rulesandregulationsandhappeningofeventsetc.5. The compliance of the provisions of Corporate and other applicable laws, rules,regulations,standardsistheresponsibilityofmanagement.Ourexaminationwaslimitedtotheverificationofproceduresontestbasis.6. The Secretarial Audit report is neither an assurance as to the future viability of thecompanynoroftheefficacyoreffectivenesswithwhichthemanagementhasconductedtheaffairsofthecompany.PLACE:AHMEDABAD FOR,A.SHAH&ASSOCIATESDATE:12/08/2016 PRACTISINGCOMPANYSECRETARIES Sd/­

_____________________MR.ANISHSHAHPROPRIETOR

FCSNo:4713 CPNo.:6560

ANNEXURE­III

NOMINATIONANDREMUNERATIONPOLICY

1. INTRODUCTION

Part D of Schedule II of SEBI (Listing obligations and disclosure requirements)Regulation,2015providesthat:

“The Nomination and Remuneration Committee shall formulate the criteria for determiningqualifications,positiveattributesandindependenceofdirectorsandrecommendtotheBoard,apolicy, relating to the remuneration for the directors, key managerial personnel and otheremployees.”

Section178(2)&(3)oftheCompaniesAct,2013providesthat:

“The Nomination and Remuneration Committee shall identify persons who are qualified tobecome directors and whomay be appointed in senior management in accordance with thecriteria laid down, recommend to the board of directors their appointment and removal andshallcarryoutevaluationofeverydirector’sperformance.”

Therefore,toensurecompliancewiththeaforesaidAct,andRegulations,theNominationandRemuneration Committee (the ‘Committee’) the Board of directors of ‘Atlanta DevconLimited’(the‘Company’)hasformulatedaNominationandRemunerationPolicy(the‘Policy’).

2. OBJECTIVE

TheobjectiveofthisPolicyistoformulatethecriteriafordeterminingqualifications,positiveattributes and independence for the appointment of a Director (Executive/Non­Executive/Independent)andrecommendtotheBoardpolicyrelatingtotheremunerationoftheDirectors,KeyManagerialPersonnelandotheremployees.The policy reflects the Company's objectives for good corporate governance as well assustainedlong­termvaluecreationforshareholders.

3. DEFINITIONS

‘Company’ means ‘Atlanta Devcon Limited’.

‘Committee ‘means ‘Nomination and Remuneration Committee’ as constituted by board from

time to time.

‘Regulations’ means ‘SEBI (Listing obligations and disclosure requirements) Regulation,2015’‘Policy’means‘thispolicy’.

‘KeyManagerialPersonnel’means

­ ChiefExecutiveOfficerorManagingDirectorortheManager,­ Wholetimedirector­ ChieffinancialOfficer­ Companysecretary­ AndsuchotherofficerasmaybeprescribedundertheActfromtimetotime.

‘Senior Management Personnel’ (SMP) means personnel of the Company who aremembers of the coremanagement team, excluding Board of Directors and are one levelbelowtheExecutiveDirectorincludingFunctionalHead.

‘Remuneration ’means any money or its equivalent given or passed to any person forservices rendered by him and includes perquisites as defined under the Income­tax Act,1961.

4. APPLICABILITY

TheNominationandRemunerationPolicyappliestotheappointmentandremunerationofDirectors, Key Managerial Personnel and Company’s Senior Management and otheremployees.

ThisNomination&RemunerationPolicyshallapplytoall futureemploymentagreementswithmembersofCompany'sSeniorManagement,KeyManagerialPersonnelandBoardofDirectors.ThisPolicyshallbeofguidancefortheNomination&RemunerationCommitteeandBoardofDirectors.

5. APPOINTMENT CRITERIA

The Committee shall identify and ascertain the integrity, qualification, expertise andexperienceofthepersonforappointmentasDirector,KMPoratSeniorManagementlevelandrecommendtotheBoardhis/herappointment.A person should posses adequate qualification, expertise and experience for the positionhe/she is considered for appointment. The Committee has discretion to decide whetherqualification,expertiseandexperiencepossessedbyapersonaresufficient/satisfactoryfortheconcernedposition.ApersontobeappointedasaDirectorshouldpossessimpeccablereputationforintegrity,deepexpertiseandinsightsinsectors/areasrelevanttotheCompanyandabilitytocontributetotheCompany’sgrowth.

APPOINTMENTOFEXECUTIVEDIRECTOR

For the purpose of appointment of Executive Directors, the Committee shall identifypersons of integrity who possess relevant experience, domain expertise and leadershipqualitiesandalsoensurethattheincumbentfulfillssuchothercriteriawithregardtoageandqualificationsaslaiddownunderCompaniesActorotherapplicablelaws.

APPOINTMENT OF NON EXECUTIVE DIRECTORS

TheNonExecutiveDirectorsshallbepersonsofhighintegritywithrelevantexpertiseandexperiencesoastohaveadiverseBoardwithDirectorshavingexpertiseinthefieldsoffinance,taxation,law,governance,marketingandgeneralmanagement.

APPOINTMENTOFINDEPENDENTDIRECTORS

In the case of appointment of Independent Directors, the Committee satisfies itself withregardtotheindependentnatureoftheDirectorandconsiderstheincumbent’squalification,expertise and experience in the respective field and diversity of the Board whilerecommendingtotheBoardthecandidatureforappointmentasDirectorsoastoenabletheBoardtodischargeitsfunctionanddutieseffectively.TheNomination&RemunerationCommitteeshalldecidewhethertoextendorcontinuetheterm of appointment of the independent director, on the basis of report of performanceevaluationofindependentdirectors.

APPOINTMENTOFKMP/SENIORMANAGEMENT/OTHEREMPLOYEES­ To possess the required qualifications, experience, skills and expertise to effectively

dischargetheirdutiesandresponsibilities.­ TopracticeandencourageprofessionalismandtransparentworkingEnvironment.­ Tobuildteamsandcarrythe teammembersalong forachieving thegoals/objectivesand

corporatemission.

6. REMUNERATION OF DIRETORS, KEY MANAGERIAL PERSONNEL & SENIOR

MANAGEMENT Theguidingprincipleisthattheremunerationandtheothertermsofemploymentshallbecompetitive in order to ensure that the Company can attract and retain competentExecutives/Directors.The appointment and remuneration of the Managerial Personnel shall be governed byChapterXIIIoftheCompaniesAct,2013readwithScheduleVandtheRulesthereunder.RewardPolicies

­ Attractandretain:Remunerationpackagesaredesignedtoattracthighcaliberexecutivesin a competitive global market and remunerate executives fairly and responsibly. Theremuneration shall be competitive and based on the individual responsibilities andperformance.

­ Motivateandreward:Remunerationisdesignedtomotivatedeliveryofourkeybusinessstrategies,createastrongperformanceorientatedenvironmentandrewardachievementofmeaningfultargetsovertheshort­andlong­term.

­ The principal terms of non­monetary benefits: The Executives will be entitled tocustomarynon­monetarybenefitssuchascompanycarsandcompanyhealthcare,telephone

etc.Inadditiontheretoinindividualcasescompanyhousingandotherbenefitsmayalsobeoffered.

RemunerationofExecutiveDirectors

­ The remuneration of the Executive Directors is recommended by the Nomination andRemunerationCommitteeandsubsequently,theBoardapprovesandadoptsthesameandwherevernecessaryforwardsthesamefortheapprovaloftheshareholdersintheGeneralMeetingsoftheCompany.

­ Executive remuneration is evaluated annually against performance and a benchmark of

softwarecompanies,whichinsizeandfunctionaresimilartotheCompany.TheTotalmonthlyremunerationofManagingDirector/Whole­timeDirectorshallbecomprised,interalia,asfollows:

­ BasicSalary­ HouseRentAllowance­ TransportAllowance­ ConveyanceAllowance­ ReimbursementofanyoutofpocketexpensesincurredbytheDirectorsindischargeof

theirfunctions/dutiesonbehalfoftheCompany.

AnnualComponents:­ Medicalreimbursement­ LeaveTravelAllowance

RemunerationofNon­ExecutiveDirectors

The Non­Executive Directors (NEDs) are paid remuneration by way of Sitting Fees. TheArticlesofAssociationoftheCompanyhaveentrustedtheBoardofDirectorsoftheCompanytodecidetheremunerationpayabletotheNon­ExecutiveDirectorsoftheCompanywithinthelimitspermissibleundertheCompaniesAct,2013andRulesthereunderforeachmeetingoftheBoardofDirectorsorCommitteeMeetingsattendedbythemirrespectiveofthenumberofdaysforwhichsuchmeetingmaycontinueconsecutively.

PaymentofSittingFeesTheDirectorsmayreceiveSittingFeesforattendingBoardmeetingaspertheprovisionsoftheCompaniesAct,2013.TheamountofSittingFees,asrecommendbyNominationandRemunerationCommitteeandapprovedbyBoardofDirectors,shallbesubjecttothelimitsasperCompaniesAct,2013andrulesmadethereunderandanyotherenactmentforthetimebeinginforce.

RemunerationofKMPandSeniorManagementPersonnel

Whiledeterminingthe remunerationofKeyManagerialPersonnel andSeniorManagement,thefollowingfactorsareanalyzedbytheCommittee:

­ Theperformance andcontributionsofKeyManagerialPersonnelandSeniorManagement

tothegrowthoftheCompany,Relativepositionintheorganizationandlengthofservice.­ Company’sperformanceandpastremunerationpaidtoKMP/SeniorManagement.­ LimitsprescribedbyanyActs,rulesorregulations.

RemunerationofOtheremployeesApartfromtheDirectors,KMPsandSeniorManagementPersonnel,theremunerationforrestof the employees is determined on the basis of the role and position of the individualemployee, including professional experience, responsibility, job complexity and marketconditions.The various remuneration components, basic salary, allowances, perquisites etc. may becombinedtoensureanappropriateandbalancedremunerationpackage.Theannualincrementstotheremunerationpaidtotheemployeesshallbedeterminedbasedon the appraisal carried out by the HODs of various departments. Decision on AnnualIncrementsshallbemadeonthebasisofthisappraisal7. POLICY REVIEW

TheNominationandRemunerationCommitteeshallreviewthePolicy,fromtimetotime,asand when any changes are to be incorporated in the Policy due to change inAct/Rules/Regulations or as may be felt appropriate by the Committee to ensure theeffectivenessofthePolicy.TheCommitteewilldiscussanyrevisionsthatmayberequired,and recommendany such revisions to theBoard ofDirectors for their consideration andapproval.

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR

(DIN­03614681)

ANNEXURE–IV

FORMNO.AOC­2

(Pursuanttoclause(h)ofsub­section(3)ofsection134oftheActandRule8(2)oftheCompanies(Accounts)Rules,2014.

FormforDisclosureofparticularsofcontracts/arrangementsenteredintobythecompanywithrelatedpartiesreferredtoinsubsection(1)ofsection188oftheCompaniesAct,2013includingcertainarmslengthtransactionunderthirdprovisothereto.

1.DetailsofcontractsorarrangementsortransactionsatArm’slengthbasis.

Sr.No. Particulars Detailsa. Name(s)oftherelatedparty&natureof

relationshipName:NANatureofrelationship:

b. Natureofcontracts/arrangements/transaction NAc. Durationofthe

contracts/arrangements/transactionNA

d. Salienttermsofthecontractsorarrangementsortransactionincludingthevalue,ifany

NA

e. DateofapprovalbytheBoard f. Amountpaidasadvances,ifany N.A

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR

(DIN­03614681)

ANNEXURE­V

Pursuanttosub­section(2)ofsection186oftheActandRule11oftheCompanies(MeetingsofBoardanditsPowers)Rules,2014)

Details ofLoans;

Sr.No

Dateofmakingloan

DetailsofBorrower

Amount Purposeforwhichtheloanistobeutilizedbythe

recipient

Timeperiodfor

whichitisgiven

DateofBR

DateofSR(ifreqd)

RateofInteres

t

Security

1. N.A N.A N.A N.A N.A N.A N.A N.A N.A

DetailsofInvestments:­

Sr.No

Dateofinvestment

DetailsofInvestee

Amount Purposeforwhichtheproceedsfrominvestmentisproposedtobeutilizedbytherecipient

DateofBR DateofSR(ifreqd)

Expectedrateofreturn

1 N.A N.A N.A N.A N.A N.A N.A

DetailsofGuarantee/SecurityProvided:

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR

(DIN­03614681)

Sr.No

Dateofproviding

security/guarantee

Detailsofrecipient

Amount Purposeforwhichthesecurity/guaranteeisproposedtobeutilizedbythe

recipient

DateofBR

DateofSR(ifany)

Commission

1 N.A N.A N.A N.A N.A N.A N.A

ANNEXUREVI

DETAILSPERTAININGTOREMUNERATION ASREQUIREDUNDERSECTION197(12)OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES(APPOINTMENTANDREMUNERATIONOFMANAGERIALPERSONNEL)RULES,2014(i) Thepercentage increase inremunerationofeachDirector&ChiefFinancialOfficer

duringtheFinancialyear2015­16,ratiooftheremunerationofeachDirectortothemedianremunerationoftheemployeesoftheCompanyfortheFinancialyear2015­16 and the comparison of remuneration of each KeyManagerial Personnel (KMP)againsttheperformanceoftheCompanyareasunder:

Sr.No.

Name ofDirector/KMP andDesignation

Remunerationof

Director/KMPforFinancialyear2015­16(Rs.incrore)

%increaseinRemuneration

intheFinancial

Year2015­16

Ratioofremuneration

ofeachDirector/tomedian

remunerationofemployees

Comparison oftheRemunerationof the KMPagainst theperformanceof theCompany

1. MR.ASHWINBAGDAI–(MANAGINGDIRECTOR)

N.A N.A N.A N.A

2. (MR.AKASHDESAI­INDEPENDENTDIRECTOR)

N.A N.A N.A N.A

3. MR.DHARMESHSOLANKI–(INDEPENDENTDIRECTOR)

N.A N.A N.A N.A

4. MR.PRANAVSAMPAT–(INDEPENDENTDIRECTOR)

N.A N.A N.A N.A

5. MR.PRADEEPSWAIN(DIRECTOR)

N.A N.A N.A N.A

6. MR.HEMANSHUMEHTA(DIRECTOR)

N.A N.A N.A N.A

7. MRS.VASANTINAGDA(DIRECTOR)

N.A N.A N.A N.A

8. MR.RAJB.JHALA(DIRECTOR)

N.A N.A N.A N.A

(ii) The median remuneration of employees of the Company during the financialyearwasRs.10,000/­

(iii) In the Financial year, there was no increase in the median remuneration of

employees;

(iv) There were 1 permanent employee on the rolls of Company as onMarch 31,2016

(v) Relationship between average increase in remuneration and company

performance:­ThelossbeforeTaxforthefinancialyearendedMarch31,2016decreasedby46.35%whereasthereisnoincreaseinmedianremuneration.Theaverage increase inmedian remunerationwas in linewith theperformanceoftheCompany.

(vi) Comparison of Remuneration of the Key Managerial Personnel(s) against the

performanceoftheCompany:

a) Variations in the market capitalization of the Company: The marketcapitalization as onMarch 28, 2016was Rs. 54849791 (Rs. 125170036 as onMarch31,2015).

b) As earning per share of the Company is NIL Price Earnings ratio of theCompanyisnotprovided.

c) Percentincreaseover/decreaseinthemarketquotationsofthesharesofthecompanyascomparedtotherateatwhichthecompanycameoutwiththelastpublic offer in the year could not be provided as previous years data is notavailable.

(vii) ThereisnoAveragepercentageincreasemadeinthesalariesofemployeesotherthanthemanagerialpersonnelinthefinancialyeari.e.2015­16theincreaseordecreaseinthemanagerialremunerationforthesamefinancialyearwasNIL

(viii) Thekeyparametersforthevariablecomponentofremunerationavailedbythedirectors are considered by the Board of Directors based on therecommendations of theNomination and Remuneration Committee as per theRemuneration Policy for Directors, Key Managerial Personnel and otherEmployees.

(ix) The ratio of the remuneration of the highest paid director to that of theemployees who are not directors but receive remuneration in excess of thehighestpaiddirectorduringtheyear–NotApplicable;and

(x) It is hereby affirmed that the remuneration paid is as per the as per the

Remuneration Policy for Directors, Key Managerial Personnel and otherEmployees.

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR

(DIN­03614681)

AnnexureVIIAnnual report on Corporate Social Responsibility (CSR) activities for the financialyear2015­16

1

ABriefoutlineofthecompany’sCSRpolicyincludingoverviewoftheprojectsofprogrammesproposedtobeundertakenanda reference to the web link to the CSR policy projects ofprogrammesandthecompositionofCSRcommittee

NA

2

Average net profit of the company for the last three financialyears

NA

3

PrescribedCSRexpenditure(2%oftheamountmentionedin2above)

NA

4

DetailsofCSRspentduringthefinancialyear:●Totalamounttobespentforthefinancialyear●Amountunspent,ifany●Mannerinwhichtheamountspentduringthefinancialyear

NA

DetailsofamountspentonCSRactivitiesduringthefinancialyear2015­16(1) (2) (3) (4) (5) (6) (7) (8)Sr.No.

CSRProjectofactivityidentified

Sector inwhichtheprojectiscovered(clauseno ofscheduleVIItothecompanies Act2013 asamended)

Project orPrograms(1) Local areaofother(2)Specifythestate anddistrict whereprojects orprogramswasundertaken

Amountoutlay(budget)ProjectsorProgramswise(Rs. inLakhs)

Amountspent ontheprojectsorprogramsSubHeads:(1)Directexpenditure onprojects orprograms(2) Sub­heads(Rs. inLakhs)

Cumulativeexpenditure up tothereportingperiod(Rs. InLakhs)

Amountspent: Director throughimplementingagency:

1

NA

NA

NA NA NA

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTOR

(DIN­03614681)

REPORTOFTHEDIRECTORSONCORPORATEGOVERNANCE

COMPANY’SPHILOSOPHYONCODEOFCORPORATEGOVERNANCE:

Corporategovernanceisaboutmaximizingshareholdervaluelegally,ethicallyandonasustainable basis. Corporate Governance helps to enhance stakeholders’ value byfocusing on long­term value creation without compromising on integrity, socialobligations and regulatory compliances. The Corporate Governance philosophy isscriptedas:

“As a good corporate citizen, the Company is committed to sound corporate practicesbased on conscience, openness, fairness, professionalism and accountability in buildingconfidence of its various stakeholders in it thereby paving the way for its long termsuccess.”

The company believes in sustainable corporate growth that emanates from the topleadership down through the organization to the various stakeholders which isreflected in its sound financial system, enhanced market reputation and improvedefficiency.

TheCompanybelievesthatgoodCorporateGovernanceisacontinuousprocessanditisour continuous endeavor to achieve good governance, by way of a conscious andconscientious effort whereby ensuring the truth, transparency, accountability andresponsibilityinallourdealingswithourstakeholders,consumers,employeesandthecommunityatlarge.

The Board of Directors represents the interest of the Company’s stakeholders, foroptimizinglong­termvaluebywayofprovidingnecessaryguidanceandstrategicvisionto the Company. The Board also ensures that the Company’s management andemployeesoperatewiththehighestdegreeofethicalstandards.

I. BoardofDirectors

A. BOARDOFDIRECTORS:

ThenamesandcategoryofDirectorsontheBoard, theirattendanceat theBoardmeetings held during the year and also at the last Annual General Meeting, thenumberofDirectorshipsheldbytheminothercompaniesason31stMarch,2016aregivenbelow:

NameofDirector

Category

No.of

BoardMeeting

Attended

LastAGMAttendance

MR.ASHWINBAGDAI ManagingDirector 4 4 YES

MR.AKASHDESAI IndependentDirector

4 4 YES

MR.PRANAVSAMPATIndependentDirector

4 4 YES

MR.DHARMESHSOLANKI

IndependentDirector

4 4 YES

MRS.VASANTINAGDA

NonExecutiveDirector

4 4 YES

MR.PRADEEPSWAIN NonExecutiveDirector

4 4 YES

MR.HEMANSHUMEHTA

IndependentDirector

4 4 YES

MR.RAJJHALA NonExecutiveDirector

4 4 YES

FourBoardMeetingswereheldduringtheyearandthegapbetweentwomeetingsdidnotexceedOneHundredTwentyDays.Thedatesonwhichthesaidmeetingswereheld:

May13,2015,August14,2015,November06,2015&February08,2016.

NoneoftheDirectorsofBoardisamemberofmorethan10CommitteesandnoDirectoristheChairmanofmorethan5committeesacrossallthecompaniesinwhichheisaDirector.The necessary disclosures regarding Committee positions have been made by all theDirectors.ThenumberofDirectorshipsheldbytheminothercompaniesason31stMarch,2016isgivenbelow:

NameofDirector OtherDirectorship(No.ofCompany)

1.MR.HEMANSHUMEHTA 42.MR.ASWINKUMARBAGDAI 03.MR.PRANAVVIJAYSAMPAT 04.MR.RAJBALDEVSINHZALA 05.MR.DHARMESHSOLANKI 06.MR.AKASHDESAI 17.MR.PRADEEPSWAIN 08.MRS.VASANTINAGDA 0

B. INDEPENDENTDIRECTOR:None of the Director of the Company is on the Board of more than 7 listedcompanies as an Independent Director. Further, none of the Director of theCompany is acting as a Whole Time Director of any listed company as well asIndependentDirectorinmorethan3listedcompanies.

None of theDirectors of Board is amember ofmore than10 Committees and noDirector is the Chairman ofmore than 5 committees across all the companies inwhich he is a Director. The necessary disclosures regarding Committee positionshavebeenmadebyalltheDirectors.Pursuant to Schedule IV of the Companies Act, 2013 and the Rules made thereunder, all the independent directors of the Company met once during a year,without the attendance of non‑independent directors and members of theManagement.

C. PERFORMANCEEVALUATION:

Onthebasesofperformanceevaluationcriteria laiddownbytheNominationandRemunerationCommittee&PursuanttotheprovisionsoftheCompaniesAct,2013,overallperformanceandcontributionofindependentdirectorsandboardaswholeis evaluatedby theboardofdirectorsof the company at itsmeetingheldon08thFebruary,2016and framed theopinion that all the independentdirectorsaswellexecutive and nonexecutive director have performed their duty satisfactorily andmakingtheirbesteffortsfortheadvancementofthecompany.

D. CODEOFCONDUCT:

The Board has laid down code of conduct for all Board Members and SeniorManagerial Personnel of the Company. All BoardMembers and SeniorManagerialPersonnelhaveaffirmedcompliancewiththeCodeofConductandadeclarationtothiseffectsignedbytheChiefExecutiveOfficer(CEO)hasbeenobtained.A declaration signed byMr. AshwinBagdai,ManagingDirector of the company isattachedherewithformingpartofhisAnnualReport.

II. AUDITCOMMITTEE:

TheAuditCommitteecomprisesof3membersoutofwhich2areNon­Executiveareindependent directors. Accordingly, the Company has complied with therequirements of Regulation 18 of SEBI (Listing Obligation and DisclosureRequirement)Regulations,2015relatingtocompositionofAuditCommittee.

ThetermsofreferenceoftheAuditCommitteeincludesfollowing:

� Oversightofthecompany’sfinancialreportingprocessandthedisclosureofitsfinancialinformationtoensurethatthefinancialstatementiscorrect,sufficientandcredible;

� Recommendation forappointment, remunerationand termsof appointmentofauditorsofthecompany;

� Approval of payment to statutory auditors for any other services rendered bythestatutoryauditors;

� Reviewing,withthemanagement,theannualfinancialstatementsandauditor'sreport thereon before submission to the board for approval, with particularreferenceto:- MattersrequiredtobeincludedintheDirector’sResponsibilityStatementto

be included in theBoard’s report in termsof clause (c)of sub­section3ofsection134oftheCompaniesAct,2013

- Changes,ifany,inaccountingpoliciesandpracticesandreasonsforthesame- Major accounting entries involving estimates based on the exercise of

judgmentbymanagement- Significantadjustmentsmadeinthefinancialstatementsarisingoutofaudit

findings- Compliance with listing and other legal requirements relating to financial

statements- Disclosureofanyrelatedpartytransactions- Qualificationsinthedraftauditreport

� Reviewing, with the management, the quarterly financial statements beforesubmissiontotheboardforapproval;

� Reviewing,with themanagement, the statementofuses/ applicationof fundsraised through an issue (public issue, rights issue, preferential issue, etc.), thestatement of funds utilized for purposes other than those stated in the offerdocument / prospectus / notice and the report submitted by the monitoringagency monitoring the utilization of proceeds of a public or rights issue, andmaking appropriate recommendations to the Board to take up steps in thismatter;

� Review and monitor the auditor’s independence and performance, andeffectivenessofauditprocess;

� Approvalor any subsequentmodification of transactions of the companywithrelatedparties;

� Scrutinyofinter­corporateloansandinvestments;� Valuationofundertakingsorassetsofthecompany,whereveritisnecessary;� Evaluationofinternalfinancialcontrolsandriskmanagementsystems;� Reviewing, with the management, performance of statutory and internal

auditors,adequacyoftheinternalcontrolsystems;� Reviewingtheadequacyofinternalauditfunction,ifany,includingthestructure

oftheinternalauditdepartment,staffingandseniorityoftheofficialheadingthedepartment,reportingstructurecoverageandfrequencyofinternalaudit;

� Discussionwithinternalauditorsofanysignificantfindingsandfollowupthereon;

� Reviewing the findings of any internal investigations by the internal auditorsinto matters where there is suspected fraud or irregularity or a failure ofinternal control systems of amaterial nature and reporting thematter to theboard;

� Discussion with statutory auditors before the audit commences, about thenatureandscopeofauditaswellaspost­auditdiscussiontoascertainanyareaofconcern;

� To look into the reasons for substantial defaults in the payment to thedepositors,debentureholders,shareholders(incaseofnon­paymentofdeclareddividends)andcreditors;

� ToreviewthefunctioningoftheWhistleBlowermechanism;� Approval of appointment of CFO (i.e., thewhole­time Finance Director or any

other person heading the finance function or discharging that function) afterassessingthequalifications,experienceandbackground,etc.ofthecandidate;

� CarryingoutanyotherfunctionasismentionedinthetermsofreferenceoftheAuditCommittee.

Explanation(i):Theterm"relatedpartytransactions"shallhavethesamemeaningasprovidedinCompaniesAct,2013.Additionally, the Audit Committee shall mandatorily review the followinginformation:� Management discussion and analysis of financial condition and results of

operations;� Statement of significant related party transactions (as defined by the Audit

Committee),submittedbymanagement;� Management letters / letters of internal control weaknesses issued by the

statutoryauditors;� Internalauditreportsrelatingtointernalcontrolweaknesses;and� The appointment, removal and terms of remuneration of the Chief internal

auditorshallbesubjecttoreviewbytheAuditCommittee.The Committee met 6 times during the year 2015­16 and the attendance ofmembersatthemeetingswasasfollows:

NameofMember Category Status

No.ofMeetingsattended/held

Mr.DharmeshSolanki NonExecutive­Independent Chairman 6/6Mr.HemanshuMehta NonExecutive­Independent Member 6/6Mr.AshwinBagdai ManagingDirector&CFO Member 6/6

The Audit Committee has reviewed financial condition and results of operationsforming part of themanagement discussion and analysis, statement of significantrelatedpartytransactionsassubmittedbythemanagement,andotherinformationas mentioned in part C Schedule II of SEBI (Listing Obligations and disclosureRequirement)Regulations,2015..

The Chairman of the Audit Committee of the Company was present at the lastAnnualGeneralMeetingoftheCompanyheldonSeptember30,2015.

III. NOMINATIONANDREMUNERATIONCOMMITTEE:

In compliancewith Section 178 of the CompaniesAct, 2013 andRegulation 19ofSEBI(ListingobligationandDisclosureRequirement)Regulations2015, theBoardhasconstitutedthe“NominationandRemunerationCommittee.”The Nomination and Remuneration Committee comprises of 3 Non­ExecutiveDirectorsandall3areindependentdirectors.TheChairmanoftheCommitteeisanIndependent Director. Accordingly, the Company has complied with therequirements of Regulation 19 of SEBI (Listing obligation and DisclosureRequirement) Regulations 2015 relating to composition of Nomination andRemunerationCommittee.

ThetermsofreferenceoftheCommitteeinteralia,includethefollowing:

a) To identify persons who are qualified to become directors and who may beappointed in senior management in accordance with the criteria laid down,recommendtotheBoardtheirappointmentandremoval

b) Tocarryoutevaluationofeverydirector’sperformance.

c) To formulate criteria for determining qualification, positive attributes &

Independenceofdirector

d) Torecommendtoboardpolicyrelatingtoremunerationforthedirectors,KMPandemployees.

e) NRCshallwhileformulatingpolicyensurethat,a. Thelevel&compositionofremunerationisreasonable&sufficienttoattract,

retain&motivatedirectorsofthequalityrequiredtoruntheco.successfully

b. Relationshipofremunerationtoperformanceisclearandmeetsappropriateperformancebenchmarks,and

c. Remuneration to directors, KMP and senior management involve balancebetween fixed & incentive pay reflecting short and long­term performanceobjectiveappropriatetotheworkingoftheco.&itsgoals.

f) TodeviseapolicyonBoarddiversity;

g) ToperformanyotherfunctionsasmaybeassignedtoCommitteebytheBoardfromtimetotime.

TheCommitteemettwiceduringtheyear2015­16andtheattendancesofmembersatthemeetingswereasfollows:

NameofMember Category Status No.ofMeetingsattended/held

Mr.DharmeshSolanki NonExecutive­Independent Chairman 2/2

Mr.HemanshuMehta NonExecutive­Independent Member 2/2

Mr.AkashDesai NonExecutive­Independent Member 2/2

NosittingfeeshavebeenpaidtoanyDirector.

IV. STAKEHOLDERS’RELATIONSHIPCOMMITTEE:

In compliancewith Section 178 of the CompaniesAct, 2013 andRegulation 20ofSEBI(ListingobligationandDisclosureRequirement)Regulations,2015 theBoardhasconstitutedStakeholdersRelationshipCommittee.

TheStakeholders’RelationshipCommitteecomprisesoffollowingmembers:

1.Mr.DharmeshSolanki­Chairman2.Mr.HemanshuMehta­Member

TheroleoftheCommitteeisasunder:

� Tohearthecomplaintandgrievancesofvarioussecuritiesholderssoasensure that timely relief is extended to securities holders includingshareholders in respect of their compliant. Additionally the Committeealsolooksintotheshareholders’complaints,ifany,relatedtonon­receiptof balance sheet, non­receipt of declared dividend, revalidation ofdividendwarrantsetc.andredressthesameexpeditiously.

� To consider and approve issue of share certificates (including issue ofrenewed or duplicate share certificates), transfer and transmission ofsecurities,etc

The Committee met four times during the year 2015­16 and the attendance ofmembersatthemeetingswasasfollows:NameofMember Capacity Status No.ofMeetings

attended/held

Mr.DharmeshSolanki NonExecutive­Independent Chairman 4/4

Mr.HemanshuMehta NonExecutive­Independent

Member 4/4

Allinvestorscomplainsdirectlyreceivedbythecompanyarerecordedonthesamedateofreceiptandresolvedimmediately.

V. GENERALBODYMEETING:a. The details of last 3 Annual General Meetings (AGMs) of the Company are as

under:FinancialYear

Date Time Venue

2014­2015 30.09.2015 10.00A.M. 1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD­380006

2013­2014 30.09.2014 03.00P.M.

2012­2013 20.06.2013 09.30A.M.

SpecialResolutioninLast3AGMs:

InAGMheldonSeptember30,2015,noSpecialResolutionswerepassed.

In AGM held on September 30, 2014, Special Resolutions were passed asunder:(i) Provisions of Section 180(1)(c) of the Companies Act, 2013, to borrow

fromtimetotimesuchsumorsumsofmoneyastheymaydeemnecessaryforthepurposeofthebusinessoftheCompany,notwithstandingthatthemoniestobeborrowedtogetherwiththemoniesalreadyborrowedbytheCompany (apart from cash credit arrangement, discounting of bills andothertemporaryloansobtainedfromCompany’sBankersintheordinarycourse of business) and remaining outstanding at any point of timewillexceedtheaggregateofthePaid­upShareCapitaloftheCompanyanditsFree Reserves, i.e. reserves not set apart for any specific purpose;provided that thetotalamountuptowhichmoniesmaybeborrowedbytheBoard ofDirectors andwhich shall remain outstanding at any givenpointoftimeshallnotexceedthesumofRs.100crores(RupeesHundredcrores).

(ii) PursuanttotheprovisionsofSection186oftheCompaniesAct,2013and

the rules framed thereunder, asamended from time to time togiveanyloan to any Body Corporate(s)/Person(s), to give any guarantee or toprovide any security in connection with a loan to any BodyCorporate(s)/Person(s) and to acquire byway of subscription, purchaseorotherwise,securitiesofanyBodyCorporate(s)andtodecidelimituptowhichsuchinvestmentsinsecurities/loans/guarantees,thatmaybegivenor made, notwithstanding that any loan given to any BodyCorporate(s)/Person(s), anyguaranteegivenorany securityprovided inconnectionwithaloantoanyBodyCorporate(s)/Person(s)andtoacquireby way of subscription, purchase or otherwise, securities of any BodyCorporate(s) may exceed 60% of the aggregate of the paid­up ShareCapitalandFreeReservesandSecuritiesPremiumAccount;or100%ofits

FreeReserves,whichever ishigherat anypointof timehowever it shallnotexceedbeyondRs.50croresatanypointoftime;onsuchtermsandconditions,astheBoardmaythinkfit.

(iii) To reappoint Mr. Ashwin Bagdai, Managing Director of the Company for atermperiodof5YearswitheffectfromApril1,2014.

InAGMheldonJune,202013,noSpecialResolutionswerepassed.VI. DISCLOSURES:

a) ManagementDiscussionandAnalysis:

Annual Report has a detailed chapter on Management Discussions andAnalysis.

b) RelatedPartyTransaction:

There were no transactions with related parties, which are not in theordinarycourseofbusinessandnotonarm’slengthbasis.

There were no materially significant related party transactions that mayhave potential conflict with the interests of company at large, during theyear.The Company has received representation from Senior Managementpersonnel that there was no material significant financial and commercialtransactionentered intobythemalongwiththeir relativewheretheyhavepersonal interest thatmayhaveapotential conflictwith the interestof theCompanyatlarge.ThecompanyhasalsoformulatedapolicyondealingwithRelatedPartyTransactions.

c) Accountingtreatment

ThecompanyhasfollowedaccountingtreatmentasprescribedinAccountingStandardapplicabletothecompany.

d) Neitheranynon­compliancenoranypenalty,strictureswereimposedonthe

Company by stock exchanges or SEBI or any statutory authority on anymatterrelatedtocapitalmarketsduringthelastthreeyears.

e) WhistleBlowerPolicy(VigilMechanism)The Company established the Whistle Blower Policy (vigil mechanism).Inlinewith thebestCorporateGovernancepractices, theCompanyhasput inplace a system through which the Directors or employees may reportconcerns about unethical and improper practices or Alleged Wrongful

Conduct,without fearof reprisal.The functioningof thevigilmechanism isbeingmonitoredbytheAuditCommitteefromtimetotime.

f) VariousPoliciesadoptedbythecompany

Due to promulgation of Securities Exchange Board of India (ListingObligation and Disclosure Requirement) Regulations, 2015, the companyhas adopted various other policies in line with the best CorporateGovernancePractices.Followingotherpolicieshavebeenadoptedbythecompany:

� Riskmanagementpolicy� NominationandRemunerationpolicy� BoardDiversitypolicy� MaterialSubsidiarypolicy� Preservationofdocumentspolicy

VII. MEANSOFCOMMUNICATION:

FinancialResultsTheResultsoftheCompanyweresubmittedtotheStockExchangesaftertheconclusion of the Board Meeting. The official news releases are beingsimultaneouslysenttoStockExchangeswherethesharesoftheCompanyarelisted.

VIII. GENERALSHAREHOLDERINFORMATION

AnnualGeneralMeeting,BookClosure&DividendPayment

The information of forthcoming Annual General Meeting, Book Closure andDividend payment details have been provided in the Notice of Annual GeneralMeetingenclosedalongwiththisAnnualReport.

FinancialCalendarFinancialYear:1stApril,2015to31stMarch,2016FinancialResults:AnnualResults : 13thMay,2015FirstQuarterResults: 14thAugust,2015HalfYearResults :06thNovember,2015ThirdQuarterResults : 08thFebruary,2016ListingAtpresent,theequitysharesoftheCompanyarelistedontheBSELimited(BSE)

NameofStockExchange StockCodeBSELimited 526843

TheCompany has paid the listing fees for the year 2015­16 to theBombayStockExchangeLimited.

MARKETPRICEDATAATBOMBAYSTOCKEXCHANGELIMITED:

MONTH HIGH(RS.) LOW(RS.)April,2015 9.35 8.50May,2015 10.09 9.35June,2015 9.12 8.36July,2015 8.24 7.83

August,2015 ­­­ ­­­September,2015 7.44 7.44October,2015 7.07 6.39November,2015 6.08 4.97December,2015 4.90 4.09January,2016 ­­­ ­­­February,2016 ­­­ ­­­March,2016 3.90 3.90

REGISTRARANDSHARETRANSFERAGENT:M/S.LINKINTIMESHAREREGISTRYPVT.LTD.NO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078Tele:+(91)­22­25963838,25946970 SHARETRANSFERSYSTEM:Thesharetransferworkishandledbyregistrarandtransferagentforthecompany.ShareTransfersareregisteredanddispatchedwithinaperiodoffifteendaysfromthedateofthelodgmentsifthetransferdocumentsarecorrectandvalidinallrespects.TheCompanyhasobtained the half yearly certificates from a Company Secretary in Practice for duecompliance of share transfer formalities as per the requirement of Clause 47 (c) of theListing Agreement of the Stock Exchanges and Regulation 40(9) of the SEBI (ListingObligationsandDisclosureRequirements)Regulations2015.ThesecertificateshavebeensubmittedtotheStockExchanges.

DistributionPatternasonthe31stMarch,2016:Particulars NoofShares Percentage

PromotersandRelatives 1568427 11.15Banks/FII/FI 0 0

Public 6963652 49.51BodyCorporate 4224639 30.04ClearingMember 64340 0.46

HUF 1240211 8.82NRI 2280 0.02Total 14064049 100.00

DematerializationofSharesandLiquidity

12396215 shares constituting 88.14%of total number of shares of the Company are inelectronicformasonMarch31,2016.

ISINNo.(ForDematerializedShares): INE590F01029

The Company has no GDRs/ADRs/Warrants/Convertible Instruments outstanding as onMarch31,2016

AddressforCorrespondence:1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD­380006

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTORDIN­ 03614681

MANAGEMENTDISCUSSIONANDANALYSIS

1.OverallReview:

The Company has diversified in to activities relating to infrastructural projects, includingconstructionsforresidentialandcommercialpremises.

2.FinancialReview:

TheCompanyhasnotcarriedanycommercialactivitiesduringthefinancialyear2015­16.3.InternalControlSystemandtheiradequacy:

Considering the size of the company, your company has adequate system of internal control toprovidereasonableassurancethatassetsaresafeguardedandprotectedfromunauthorizeduseordeposition.

4.BusinessEnvironment:

ThePerformanceofthecompanyfortheyearunderreviewwassatisfactory.

5.RiskandConcern:

Thebuilding,plantandmachinery,vehicleandstocksofthecompanyareadequatelyinsured.

6.CautionaryStatement:

Statements in this report on management Discussion and analysis may be forward lookingstatementswithin themeaning of applicable security laws or regulations. These statements arebased on certain assumptions and expectations of future events. Actual results could however,differmateriallyfromthoseexpressedorimplied.ImportantfactorsthatcouldmakeadifferenttotheCompany’soperationsincludeglobalanddomesticdemandsupplyconditions, finishedgoodsprices,rawmaterialcostandavailabilityandchangesingovernmentregulationandtaxstructure,economic development within India and the countries with which the company has businesscontactsandotherfactorssuchaslitigationandindustrialrelations.

TheCompanyassumesnoresponsibilitiesinrespectofforwardlookingstatementswhichmaybeamendedormodifiedinfutureonthebasisofsubsequentdevelopments,informationofevent.

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTORDIN­ 03614681

CEO/CFOCERTIFICATION

To,BoardofDirectors

ATLANTADEVCONLIMITEDI,Mr.AshwinBagdai,ManagingDirectorandChiefFinancialOfficerofATLANTADEVCONLIMITED,tothebestofourknowledgeandbelief,herebycertifythat:(a) Ihave reviewed financial statementsand the cash flow statement for theyearended

March31,2016andthattothebestofourknowledgeandbelief:

1. These statements do not contain any materially untrue statement or omit anymaterialfactorcontainstatementsthatmightbemisleading;

2. ThesestatementstogetherpresentatrueandfairviewoftheCompany’saffairsand

are in compliance with existing Accounting Standards, applicable laws andregulations.

(b)Tothebestofourknowledgeandbelief,notransactionentered intobytheCompanyduringtheyearswhicharefraudulent,illegalorvolatileoftheCompany’sCodeofConduct.(c) I accept responsibility forestablishingandmaintaining internal controls for financialreportingand thatwehaveevaluatedtheeffectivenessof internalcontrolsystemsof theCompanypertainingtofinancialreportingandhavedisclosedtotheAuditorsandtheAuditCommittee,deficienciesinthedesignoroperationofsuchinternalcontrols,ifany,ofwhichweareawareandthestepswehavetakenorproposetotaketorectifythesedeficiencies.(d) IhaveindicatedtotheAuditorsandtheAuditCommittee:

1. That there is no significant changes in internal control over financial reportingduringtheyear;

2. Thatthereisnosignificantchangesinaccountingpoliciesduringtheyearandthat

thesamehavebeendisclosedinthenotestothefinancialstatements;and

3. Thatthereisnoinstancesofsignificantfraudofwhichwehavebecomeawareandthe involvement therein, if any, of the management or an employee having asignificantroleintheCompany’sinternalcontrolsystemoverfinancialreporting.

Sd/­PLACE:AHMEDABAD _________________________DATE:12/08/2016MR.ASHWINBAGDAI

MANAGINGDIRECTOR&CFODIN­ 03614681

DECLARATIONBYTHEMANAGINGDIRECTOROFTHECOMPANYABOUT

CORPORATEGOVERNANCE

I,Mr.AshwinBagdai,ManagingDirectorofATLANTADEVCONLIMITED herebyconfirmpursuant toRegulation26(3)andPARTDof ScheduleVof SEBI (ListingObligationsandDisclosureRequirements)Regulations2015that:

1.TheBoardofDirectorsofATLANTADEVCONLIMITEDhaslaiddownacodeofconductandthesameisadoptedbyallthememberoftheBoards.

2.All the members of the board as well as senior management personal havecompliedwiththesaidcodeofconductfortheyearended31stMarch2016.

PLACE:AHMEDABAD BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016 FOR,ATLANTADEVCONLIMITED Sd/­ _________________________MR.ASHWINBAGDAI MANAGINGDIRECTORDIN­ 03614681

AUDITORS’CERTIFICATEONCORPORATEGOVERNANCE

To,TheMembersofATLANTADEVCONLIMITED

We have examined the compliance of the conditions of Corporate Governance byATLANTADEVCONLIMITED (‘the Company’) for the year endedMarch31, 2016 asstipulatedin:� Clause49(excludingclause49(VII)(E)oftheListingAgreementsoftheCompany

withstockexchanges)fortheperiodApril1,2015toNovember30,2015.� Clause49(VII)(E)oftheListingAgreementsoftheCompanywithstockexchanges

fortheperiodApril1,2015toSeptember1,2015.� Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (SEBI Listing Regulations) for the period September2, 2015 toMarch31,2016and

� Regulations 17 to 27 (excluding regulation 23 (4)) and clauses (b) to (i) ofregulation 46 (2) and paragraphs C, D and E of Schedule V of the SEBI ListingRegulationsfortheperiodDecember1,2015toMarch31,2016.

The compliance of conditions of Corporate Governance is the responsibility of themanagement. Our examination was limited to a review of the procedures andimplementation thereof, adopted by the Company for ensuring the compliance of theconditions of Corporate Governance. It is neither an audit nor an expression of theopiniononthefinancialstatementsoftheCompany.In our opinion and to the best of our information and explanations given to us, wecertifythattheCompanyhascompliedwiththeconditionsofCorporateGovernanceasstipulatedintheabovementionedListingAgreementandSEBIregulations.WefurtherstatethatsuchcomplianceisneitheranassuranceastothefutureviabilityoftheCompanynoroftheefficiencyoreffectivenesswithwhichthemanagementhasconductedtheaffairsoftheCompany.

PLACE:AHMEDABADFOR,M/S.PRAFULN.SHAH&CO,DATE:12/08/2016 CHARTEREDACCOUNTANTS Sd/­

______________________________ CAPRAFULB.SHAH PROPRIETOR M.N­118298

ATLANTADEVCONLIMITED1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–380009

ATTENDANCESLIP

NameoftheattendingMember(InBlockLetters):______________________________________FolioNo/DPID/ClientID :_________________________________NameoftheProxy :_________________________________(TobefillediniftheProxyattendsinsteadoftheMember)No.ofSharesheld:_________________________(Inwords)________________________________________I hereby record my presence at Annual General Meeting of the Company at 1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–380009 on,30thdayofSeptember,2016andatanyadjournmentthereof.

_______________________________________SignatureofShareholder/Proxy

­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­

FormNo.MGT­11Proxyform

[Pursuanttosection105(6)oftheCompaniesAct,2013andrule19(3)oftheCompanies(ManagementandAdministration)Rules,2014]

CIN:L45200GJ1994PLC061328Nameofthecompany:ATLANTADEVCONLIMITEDRegisteredoffice:1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–

380009Nameofthemember(s):Registeredaddress:E­mailId:FolioNo/ClientId:DPID:I/We,beingthemember(s)of………….sharesoftheabovenamedcompany,herebyappoint1.Name:………………………...…

Address:E­mailId:Signature:…………………….

2.Name:………………………..…Address:E­mailId:Signature:…………………….

Asmy/ourproxytoattendandvote(onapoll)forme/usandonmy/ourbehalfatAnnualGeneralMeetingofthecompany,tobeheldon30thdayofSeptember,2016At09:00a.m.1009, HEMKUNTH,BEHINDLICOFFICE, ASHRAMROAD,AHMEDABAD – 380009 and atanyadjournmentthereofinrespectofsuchresolutionsasareindicatedbelow:SR.NO. RESOLUTION FOR AGAINST

OrdinaryBusiness1.

AdoptionofBalanceSheet,StatementofProfitandLoss, Report of the Board of Directors andAuditors for the financial year ended March 31,2015.

2.

AppointmentofadirectorinplaceofMr.PradeepSwain (Din: 05116867), who retires by rotationandbeingeligible,seeksre­appointment.

3.

RatificationofappointmentofM/s.PrafulN.Shah& Co., Chartered Accountants (Firm RegistrationNo. 108057W) as Statutory auditors of theCompany.

Signedthis…..dayof……….,2016.__________________________________SignatureofShareholder __________________________________SignatureofProxyholder(s)Note: This form of proxy in order to be effective should be duly completed and

deposited at the Registered Office of the Company, not less than 48 hoursbeforethecommencementoftheMeeting.

AffixRevenueStamp

FormNo.MGT­12PollingPaper

[Pursuanttosection109(5)oftheCompaniesAct,2013andrule21(1)(c)oftheCompanies(ManagementandAdministration)Rules,2014]

NameoftheCompany:ATLANTADEVCONLIMITEDRegisteredoffice:1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–

380009BALLOTPAPER

Sr.No. Particulars Details1. NameoftheFirstNamedShareholder

(Inblockletters)

2. Postaladdress

3. RegisteredfolioNo./*ClientIDNo.(*Applicabletoinvestorsholdingsharesindematerializedform)

4. ClassofShare EquitySharesIherebyexercisemyvoteinrespectofOrdinary/SpecialResolutionsenumeratedbelowbyrecordingmyassentordissenttothesaidresolutioninthefollowingmanner:Sr.No.

ParticularsofItem No.ofsharesheldbyme

Iassenttothe

resolution

Idissentfromtheresolution

1. Adoption of Balance Sheet, Statement ofProfit and Loss, Report of the Board ofDirectors and Auditors for the financialyearendedMarch31,2015.

2. AppointmentofadirectorinplaceofMr.Pradeep Swain (Din: 05116867), whoretires by rotation and being eligible,seeksre­appointment.

3. RatificationofappointmentofM/s.PrafulN. Shah & Co., Chartered Accountants(Firm Registration No. 108057W) asStatutoryauditorsoftheCompany.

PLACE:AHMEDABAD DATE:

_________________________________Signatureoftheshareholder

ATLANTADEVCONLIMITED1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–380009(T)9426456144Email:Atlantadevcon@yahoo.comCIN:L45200GJ1994PLC061328 NameoftheSole/FirstNamedMember : _______________________________AddressofSole/FirstNamedMember : _______________________________

_______________________________

RegisteredFolioNumber : _______________________________

DPID/ClientID : _______________________________

Numberofsharesheld : _______________________________

DearMember,

SUBJECT:PROCESSANDMANNERFORAVAILINGREMOTEE­VOTINGFACILITY

Pursuanttoprovisionsofsection108oftheCompaniesAct,2013readwiththeCompanies(Management and Administration) Rules, 2014 as amended by the Companies(Management & Administration) Amendment Rules, 2015, and Regulation 44 of SEBI(Listing Agreement and Disclosure Requirements) Regulations, 2015, the Company ispleasedtoofferremotee­votingfacilitytothememberstocasttheirvoteselectronicallyasanalternativetoparticipationattheAnnualGeneralMeetingoftheCompanytobeheldon30thSEPTEMBER,2016at1009HEMKUNTH,BEHINDLICOFFICEDIST.­ASHRAMROAD,AHMEDABAD,GUJARAT,INDIA–380006.TheCompanyhasengagedtheservicesofCentralDepositoryServices (I)Limited (“CDSL”) toprovide remotee­voting facilities.Remotee­votingmeansthefacilitytocastvotesbyaMemberusingelectronicvotingsystemfromaplaceotherthanthevenueoftheAGM.Theremotee­votingfacilityisavailableatthelinkhttps://www.evotingindia.com.The electronicvotingparticularsaresetoutbelow:

EVEN(E­VotingEventNumber) UserID

Password/SequenceNo.

Theremotee­votingfacilitywillbeavailableduringthefollowingvotingperiod:

COMMENCEMENTOFREMOTEE­VOTING ENDOFREMOTEE­VOTING

27thSeptember,2016(9:00A.M.) 29thSeptember,2016(5:00P.M.) Please read the instructions printed below before exercising the vote.These details and instructions form integral part of the Notice for the Annual GeneralMeetingtobeheldon30THSEPTEMBER,2016.

MEMBERSAREREQUESTEDTOFOLLOWTHEINSTRUCTIONSFORREMOTEE­VOTINGASMENTIONINTHEANNUALREPORT.

� ROUTEMAPFORAGMATLANTADEVCONLIMITED

1009,HEMKUNTH,BEHINDLICOFFICE,ASHRAMROAD,AHMEDABAD–380009