IL&FS Education & Technology Services Limited … · 7. IL & FS Transportation Networks Limited...

IL&FS Education & Technology Services Limited

Registered office: The IL&FS Financial Centre, 3rd Floor, Quadrant ‘C’, Plot C-22, G-Block,

Bandra–Kurla Complex, Bandra (East), Mumbai, 400 051

Corporate Identification Number:U80220MH1997PLC112535

website:www.ilfsets.com, Phone:022-26533333

NOTICE

Notice is hereby given that the Twentieth Annual General Meeting of IL&FS

Education & Technology Services Limited will be held on Friday, June 30, 2017 at

9th

floor, The IL&FS Financial Centre, Plot C-22, G Block, Bandra - Kurla Complex,

Bandra (E), Mumbai 400 051 at 10.00 am to transact the following business:

ORDINARY BUSINESS:

(1) To receive, consider and adopt the Audited Financial Statements including the

Balance Sheet as at March 31, 2017 and the Profit & Loss Account for the

year ended on that date together with the Reports of the Directors and the

Auditors thereon alongwith the Consolidated Audited Financial Statements of

the Company

(2) To declare final dividend for financial year ended March 31, 2017

(3) To appoint Mr Hari Sankaran (holding DIN 00002386) as a Director who

retires by rotation and, being eligible, offers himself for re-appointment

(4) To ratify the appointment of Statutory Auditors of the Company, and to fix

their remuneration

To consider and if thought fit to pass with or without modification(s) the

following resolution as an Ordinary Resolution:

“RESOLVED THAT, pursuant to Section 139, 141, 142 and other applicable

provisions of the Companies Act, 2013 and the Rules made there under,

pursuant to the recommendations of the Audit Committee and further,

recommendations of the Board of Directors, and pursuant to the resolution

passed by the members at the adjourned Annual General Meeting held on

August 21, 2014, the appointment of Deloitte Haskins & Sells, Chartered

Accountants (registration No. 015125/N) as the Statutory Auditors of the

Company to hold office till the conclusion of the Annual General Meeting to

be held for FY 2019, be and is hereby ratified and that the Board of Directors

http://www.ilfsets.com/

be and is hereby authorized to fix the remuneration payable to them for the

financial year ending March 31, 2018”

By Order of the Board

For IL&FS Education & Technology Services Limited

Sd/-

Daisy Khanna

Company Secretary

Registered Office:

The IL&FS Financial Centre, 3rd

Floor,

Plot C-22, G-Block, Bandra - Kurla Complex,

Bandra (East), Mumbai, 400 051

Date: May 15, 2017

Place: Mumbai

NOTES:

(1) A MEMBER ENTITLED TO ATTEND AND VOTE AT THE

GENERAL MEETING IS ENTITLED TO APPOINT A PROXY TO

ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF /

HERSELF AND THE PROXY NEED NOT BE A MEMBER OF THE

COMPANY. THE INSTRUMENT APPOINTING THE PROXY IN

FORM MGT-11 ANNEXED HERETO, IN ORDER TO BE

EFFECTIVE, SHOULD REACH THE REGISTERED OFFICE OF

THE COMPANY DULY FILLED, STAMPED AND SIGNED AT

LEAST 48 HOURS BEFORE THE TIME OF THE MEETING

(2) Corporate members intending to send their authorized representative (s) to

attend the Meeting are requested to send to the Registered Office of the

Company, a certified copy of the Board resolution authorizing their

representative to attend and vote on their behalf at the Meeting

(3) Members are requested to fill-in and sign the attendance slip and hand it over

at the entrance to the venue

(4) Members are requested to notify any change in their address to the Company

at its Registered Office in respect of shares held in physical form, quoting

their Folio number

(5) The dividend as recommended by the Board of Directors, if approved at this

Annual General Meeting, will be paid within 30 days after the date of

declaration to those shareholders whose name appears on the Company’s

Register of Member as on the date of Annual General Meeting

(6) All documents referred to in the accompanying Notice and Explanatory

Statement are open for inspection at the Company’s Office at Trade Star

Building, 4th Floor, B Wing, Andheri - Kurla Road, J B Nagar, Andheri (East)

Near Chakala Metro Station , Mumbai - 400 059 on all working days between

11.00 a.m. and 1.00 p.m. upto the date of the Annual General Meeting

(7) In accordance with section 20 of the Companies Act, 2013, service of

documents on members by a company is allowed through electronic mode.

Accordingly, as a part of Green Initiative, soft copy of the Annual Report for

the year ended March 31, 2017 has been sent to all the members except those

who have not registered their email address with the Company or any member

has requested for a hard copy of the same

(8) Route map to the venue of the meeting is appended at the end of this Notice

Information pursuant to 1.2.5 of the Secretarial Standard on General Meetings (SS- 2) regarding Director seeking appointment / re-

appointment

Particulars Mr Hari Sankaran

Age 56 Years

Qualifications Masters in Economics from the London School of Economics and Political Science –London

Experience 30+ years

Terms and conditions of

appointment or re-appointment

Non – Executive Director, liable to retire by rotation

Last drawn remuneration NIL

Date of first appointment on the

Board

January 21, 2010

No. of share held NIL

Relationship with Directors,

Managers & KMP

Unrelated

Number of Board Meeting

attended during FY 2017

Four

Other Directorship (1) Infrastructure Leasing & Financial Services Limited

(2) IL&FS Energy Development Company Limited

(3) IL&FS Financial Services Limited

(4) IL&FS Transportation Networks Limited

(5) Gujarat International Finance Tec-City Company Limited

(6) Road Infrastructure Development Company of Rajasthan Ltd

(7) IL&FS Environmental Infrastructure and Services Limited

(8) Elsamex S.A, Foreign Company

(9) Land Registration Systems Inc. Philippines

(10) Andhra Pradesh Urban Infrastructure Asset Management Limited

(11) IL&FS Investment Managers Limited

(12) IL&FS Africa Infrastructure Development Ltd

Chairman/ Member of the

Committees of Boards of other

companies

1. Infrastructure Leasing & Financial Services Limited

Chairman of Group Credit Committee

Member of Committee of Directors

Member of Corporate Social Responsibility Committee

Member of Initial Public Offer Committee

Member of Corporate Affairs Committee

Member of Compliance Committee for Insider Trading

Member of Administrative Committee

2. IL & FS Financial Services Limited

Member of Nomination and Remuneration Committee

Member of Nomination Committee

Member of Risk Management Committee


Member of Disciplinary Committee

Member of Investment Committee


3. IL&FS Environmental Infrastructure and Services Limited


4. IL & FS Energy Development Company Limited

Chairman of Corporate Social Responsibility Committee

Member of Audit Committee



Member of Initial Public Offer Committee

Related Party Review Committee

5. IL & FS Investment Managers Limited



6. Road Infrastructure Development Company of Rajasthan Ltd


Member of Credit Approval Committee

7. IL & FS Transportation Networks Limited



8. Andhra Pradesh Urban Infrastructure Asset Management Limited



ATTENDANCE SLIP

The Folio No. and Name(s) of the Member(s) is / are to be furnished below in block letters

Folio No.............................................. No. of Shares held ................................

Client ID ............................................ DP ID ....................................................

Full Name(s) of Member / Joint Members

1...................................................................... 2..............................................................

3...................................................................... 4..............................................................

Full Name of the Proxy if attending the meeting .............................

I hereby record my presence at the Twentieth Annual General Meeting of IL & FS Education &

Technology Services Limited held on Friday, June 30, 2017 at 9th

floor, The IL&FS Financial Centre,

Plot C-22, G-Block, Bandra - Kurla Complex, Bandra (E), Mumbai 400 051 at 10.00 am

.................................................................................................................

Signature of the Member / Joint Members / Proxy attending the Meeting

Please complete this attendance slip and hand it over at the entrance of the Meeting hall.

Form No. MGT-11

Proxy Form

[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies

(Management and Administration) Rules, 2014]

CIN: U80220MH1997PLC112535

Name of the Company: IL&FS Education & Technology Services Limited

Registered Office: The IL&FS Financial Centre, 3rd

Floor, Quadrant ‘C’, Plot C-22, G-Block, Bandra-

Kurla Complex, Bandra (East), Mumbai, 400 051

Name of the member(s)

Registered Address

E-Mail ID

Folio No/ Client Id

DP ID

I/we, being the member (s) of ……………………. Shares of the above named company, hereby

appoint

1. Name:…………………………………..Address:…………………………………

E-mail Id: ……………………………Signature:…………………, or failing him

2. Name:…………………………………..Address:…………………………………

E-mail Id: ……………………………Signature:…………………, or failing him

3. Name:…………………………………..Address:…………………………………

E-mail Id: ……………………………Signature:…………………, as my/our

proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Twentieth Annual General

Meeting of the Company, to be held on Friday, June 30, 2017 at 10.00 am at 9th

floor, The IL&FS

Financial Centre, Plot C-22, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai 400 051 and at

any adjournment thereof in respect of such resolutions as are indicated below:

Resolution

No.

Resolution Number of

shares held

For Against

Ordinary Business

1. To receive, consider and adopt the Audited

Financial Statements including the Balance

Sheet as at March 31, 2017 and the Profit &

Loss Account for the year ended on that date

together with the Reports of the Directors and

the Auditors thereon alongwith the

Consolidated Audited Financial Statements of

the Company

2. To declare final dividend for financial year

ended March 31, 2017

3. To appoint a Director in place of Mr Hari

Sankaran (holding DIN 00002386) who retires

by rotation and, being eligible, offers himself

for re-appointment

4. To ratify the appointment of Statutory Auditors

of the Company, and to fix their remuneration

Signed this….…………. Day of ………… 2017

Signatures of shareholder …………………….

Signatures of Proxy holder(s)………………….. ……………….. …………………

Note: 1. The Proxy to be effective should be deposited at the Registered office of the company not less than

FORTY EIGHT HOURS before the commencement of the Meeting

2. A Proxy need not be a member of the Company

3. In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by

proxy, shall be accepted to the exclusion of the vote of the other joint holders. Seniority shall be

determined by the order in which the names stand in the Register of Members

4. The form of Proxy confers authority to demand or join in demanding a poll

5. The submission by a member of this form of proxy will not preclude such member from attending

in person and voting at the meeting

Affix

Revenue

Stamp

ROUTE MAP TO THE VENUE

AllrfS I eoucatron

II-&TS EDUCATION & TDCHNOLOGY SERVICES i,IMITED

Your Direclo6 hav€ plc.surc nr prcsc.ting rhc Twcntie Annual Rel]ol1 on ihe business andoper.tions of dr co'npxny md thc audned rc.ounrs lor $e finlncirl yelr ended Mrcn 31,20t1

THE FINANCIAL SUNLVARY

The iandrlone pcrfoman.c of rbc co.rpa.y for lhe i,.ancial year ended March 31. 2017 is

lor lhe year ended3t,t,2017 3!.3.2016

4,212

2

3 62 65

Polil,{r$ beforc rur'ion ll6 .l.ll

5 Provision for Cured lncone lll ltl

Povnion for Detered Trx (22) lzt)

Pioriv(Loss) alier raxlrion 201 212

All4fs Educaton

Your Conl'lny has ealncd Prcfil bcforc hx ol Rs. 316 Mn nr FY 201? rs aAainst prcfit olRs.1.13 Mn in FY2016 The Conpmy *irDcsscd dccrcase nr eveDue fronr Rs.:1.291I{n i.FY 2016lo Rs..1.272 Mn inFY 2017 a.d rcasons ior decre$e in revenue md profns n duc

Thd tvenue md profnrbility during l_Y 1017 h Dainly lioh existins ICT prcjecBrnd onlyJha*nand ICT I n$v.rnndatc nrtcridi^d during lhe peiod wbicb couldcontribule Rs 130 rm to rcvcnuc

(ii) Tlrc aficipxred n]ndacs ar We$ Bengll for 2,4'12 schooh baving yrlue df Rs 3,816

'D.oold o.lybc signed ar the end oftne ]€ar nnd nLs, stunc.orld nol be execured

OPERATION4L RL\ IT]$I / \ E4R IN RETROSPECT

(i i)

DIVIDF]NI)

Ho*ever. non ICT busines compishg of K-Ym/ K Class, CSR, Privfte schooh.Future cl$soonr crc h.vc show. signillca.r grosrh in curent year md rcvcnuc ofRs1.7?9 mn h.s bccn a.hicvcd N agxins Rs 599 mn in FY 2016

Your Dnccrors hrve rconrnende{l prymenr of liml dividc.d @ l5% ie Rs. 3.501 perEquny shr€. rmountins to Rs. 158 nu inclusive ofdividcnd hx

The,bove divilend would be subicdro thc nppro!,I

TNCLATMDD DTVIDEND

Pur$r.nr to r provisions of Sectionundermcntioncd yers. if unclajned

b) the Mcmheh in rhc cnsuing qnndxl

124 ol the Companies Acr,2013,for ? ye!6, will be tx.sfcftcd by

AIbFS J Educarion

2a.1tt2

2015 -2016

r. cae you have my uncldned dividendG)/ Eturd orde! in rcspeo of dre nMdal yedm@tioned above, Pl6e wite to dr€ below addrcss for cldaing lhe respectir anolntsbeforc the due date nenlioffd above i.e beforc lhe dne dale to rdsfd the respectiveunclained dividend !o IEPF

Tr'e Compdy Seetary/Se@tdial & trgal DepartmotTode Sft Building,4rh Floor, B Wing,Andheri Kdla Rood, I B Nr8&, Andhei (E5s)Ned Chakala M€tro Sration, Mmbai - ,1()0 059

RESER\,TS

The Conpdy prcpose to tmsler d mount of Rs, 224 m ro the Dcbedm RedenplionRcswe. Tne Compey des not pbpose to tllnsfer dy amoml ro lne cen€ral Resefles.

SI'AITE CA?ITAL

Equity Capital of the Compmy is Rs. 3?5.34 m. During tn. yu mdcr rdiew therc s^ nochdge in the shareholding panen of lh€ Conpmy

DEPoSITS

You Conpey h$ not a@Dled e) Fixed DeposiB durng rhe yedunder revrw

AlbE I Educalof

r,AR'fICUI-ARS OF LOANS. CUAR.!\TEDS OR INVES 'NII,]NTS

DurinB Ihe year, yonr Conpdryauaranrees h.vc bcc. povldcd on(ISDC). subsididt conr0My in

bas .or givd a.y lorns howeverbehalfof IL&FS Skills Dcvclopmcnlaccordlnce virh rhe provisioDs of

N:hond ski I Dlv.lopn.nrbdhxlf ol lL&Fs SkLLhco podLionLi'niL(i(ISDC)Y\\ Brnl un b.hrrf of lL&Fs skLLhD<!r onnren, CorrDmr oiL miLcd LISDTI

Funher. )our Conpany has nadc an i.!c$nc.r h rh€ share capitnl of ISDC .s lollows

Number of rh,cs,cquircd

IL&FS Slills Devclopftnrcorpomrio' LLmtre,i (rsDc)

550{li,r0o Equry shrres of Rs

RI]I,ATED TARIY TRANSACTIONS

]\IAIERIAL CHANCDS AND COMMIITNNTS

AII co.txcls /.transenents / trlnsndions edeEd by rlD coDpany during rhe finrncial yearwirh related panies serc iD drc ord ary couBc ofbusnBs md on !n lrml length bnsis.ndno tanrac'ion have been undcnakc" Lcquiin8 appiolal u er sub section (L)ofsccrion 188of rhe Compnnies Acr, 2013. Thos, dklo{trc h Foirn AOC 2 is not rcqrned. DurinS $cyear,Ihe Compxny hns mt cntcrcd n[o r.y.ontr.r/ rangement / rasncrion wirh rcldcdpanies whicb could bc co.sidered drterial

Therc weE no marcrixl chanecs occuftd subsequent ro rhe close of the finan.ial ycar of rhcConpiny ro which dr bal.nce lheet ehles rnd the date oflhe rcpon l1kc serlenenr ol l.xlrbilirics. opcmio. olFle.t righl!- depFssion in narker value of in!c!'ncms. inniturion ofnmcrial cNes byoragainst the coDrprny, sale or purclmsc otc4n,l asser\ or de\rrucrionof

All-eFS eoucaton

DurinC thc !c.r under Eview there wN .o chrae in |he naturc of tbc bnsnrcss of rhc

THE CHANCE INTHE NATT]RE OFBUSINESS

(l)

In &cordance with Section t29 (3) of ll)c Compaicscusolidared finm.ial st.tcncrs offic cornpDy x.d xll its.he AnnrJl q..odnL ol ) o, r .onprD I-d11c.. r.L ncnthe financial $ntcncnt ofour sDbsididics nr dE pres&ibed

Ag!3!!Ig! b $c Bordlt retod

COMPANY'S AFFAIRS:

Acr. 2011. we have prepdedsubsidiaries, which forn pan ofconhioins rhe salient fearures oifom* AOC I is rppended as

DDT ILS OT,' SUBSIDIARIES IrcINT VENTURES/ASSOCIATE COMPA\ItrS

Yourco'npanyhN lollowingsubsidilries ason March 31, 20I7:

(i) IL&FS Cluster Dcvcloprner lnitiarirc LimitcdiDncct suhsidiry(ii) IL&FS Skilk Dcvclopncnr c orporxlon L1m ned: DieclSubsidilry(iii) Skills Tmnring Ascs'ncnr M,.aBcrncnt Pdners LinnediDirect Subsidirry(rv) APmEX Mtrkcrarg Services & Solutions Lidite<li Indirect Subsidi y

(vir ll*Fs Cluner Develotmenr Innirlive Limited)

Du! g thc ycar, rlucc irdned subsididics liri Rljsamand Runl Developmcnr lDni.tivcLimitcd. Jaipur Rur.l Develophem lnirilrive l-inrired and Dehradun Rur0l DcvclopmcnrI.itiarilc Llnritedr {ee dis{nred under Fr{ Trrct Exi (FlE) Schcmc nnd nnmcs scc dulystikcdotf udersecrion560olrheCompanie!Acl,:013 w.e.ltheodcrdarcdScptcmbcr23,2016,Seplenber2?. 2016 & Seprenberzz. 20l6,rcspccrivcly

PERFORMANCE ND IINANCI L POSITION* OF EACH oF I'HESUBSIDIARIDS. ASSOCIATDS AND IOINT VDN'I'URE CONIPANIFJS INCI,UDET)IN THE CONSOLIDAIfD FINATiCIAL STALEMINT

Olerdli.s Environnent d!.ine lh€ rear: The yed undcr rcvicw hxs wnmsscdsigniiicant advmcenrents in Iechmlqy trends rhnr dc cxpecred ro drive changes inbusiness modch in dc nc.r futurc: Auto'natio. ol work driven by Anificiall eurscrcc / M.chine r.dnlg & Robotics (Foudn Indunial Revonrtion). Mobile.nd Cloud .onrpuring provlding xnytime lnd anywheE access for lcamins , anddigtal prymenL\ enhlncing the efticiency oi decentmlized drd smnllcr ransmriors.Gilen de erpenence of lhe Conrpany in desiguing drd launching piogrannes incducation lnd enployrbility .F$ .nd considcdnerhc lboFrints cre,led so rd.IETS

AllcA lroucaron

hr! cone up wirh an innovative blended model. under Nhich rhc cxnting foorprintwould be leveraged droush lech diven solutions for lhc trgcr group. Ac.ordinglt,rh€ Conparyh6 aormulatcd n st0tc8y ofgrcwi.g bcyo.d Covehnent businesses b'tucusi.g on B2B and B2C aspe.s ofdE busine\s nodel using dset lienl and rechenabled solutions, rnd leverrging the monelizltion potcntiaLofrhc ncrwork crc.tcd.Over lhe last one yearselerul such iniriatives brve been incub.rcd. r bricfupdatc onshich is prclided hercilbelow

l. addnion. highcr priority hrs bccn a*iened ro CSR polenlial. *hereirr mrnyco.ponte\ de keen Lo ru.! rhe education lnd employ.tbihy inni.tives md $e sanrcshlll be scaled up. This reneLyed focus on B2B/B2C and Corpoftc csR will cdablcIETS to divesiiydeElenue nrix

(II) Salient fealure ol the operalions:

0i)

0ii)

(i) CompuEr labs llcT@Schoolsl: You CoDpa.y is nDnaging ncarltIs,oi:xj ICT Lrbs in 7 narcs nnd 3 Unio. tdnoncs nnpxcting ovd l0nn $udenrs & re.ches Durins rlrc ycnr, rhc IcT projccr h Gujrratcovcrnrg 5.929 scnooh wns ludcd ov( ro rhc srare covednent on

cccstul .o.rpldio. of fivc tcnN oloFmrions and mlintenrnce rndncw .randatcs lor 2,761 schools wnh cumulatire [ojecr valLre of R\.1,,J-.15 mn w(c aho rcqutrcd in tlme States viz, in West Bengrl(2..s2 schooh $odl Rr 3,330 rnn).Jh!*hand (25t Schools worh Rs.130 nn) and Dadr.,/D,nm (6.1Schools $orh Rs 135 mn)

K Yan & K Ch$: wilh Ihe hrnch of the ncw nrdcl. grcrt taclon nlhes eofK Yan ipropietlry prcducO was obscrvcd,9,000 u.irs wc{sold dudns tne reriev peiod which h fotrr rnncs rhe number \old inlasl Financinl Ycd. nr nodcl las bccn la!..hed wilh new .d!!nceItatucs for conncctcd clasoo'ns ro be used with Laptopv Tabs.Funlcr, ro Det rhc rcquircncnr of Inlehlrional Skndard ULenrfic on rcldcd to srLty nriddds have been complered

Fururc CL$s Coll$orative tramine SolLnion tor Kl2 in P.nncshiownh Cooslc: DurinS the yc.r, pdncship with Google h,! beencnrcrcd do ro m.rkct rhc jom cducdion sock / solurion to K 12schooh r.d U.ilersnies ollering cloud based edrcarion applic.tionsdevelot€d by Coogle, cusromired operaling systen on Chrcm€ books,K Yan disilal conrent, assessmenr solutions, Dd profcssionrl hnirgfor te.cbe6 branded N Funrc Cl.srooms whlch has show.

Albt5 lEducaron

sienincad ercwtb and IETS has forxyed nb E privde scho.ls,publi. donain. bighcr cducarior donanr to olrer rhe sract and se (es

(')

Communiiv and SupplcnE .rv Edrcntion: Thc conp.ny h.seMdardiscd ib bouquct ol scni.cs for tho corjrontes whicb hrvccdumlan as pan of drn CSR rge.da rnd lrdse.rly worki.g f.r 2?

Onlile Education Ponnl: Thc Comp.nt has dcvclopcd ,nd larnclcdK.1... PlL. id \x\ rcbrr,d.d i r\ ct'o^. "r{ g-1rro'rc0chng-lcming ccosyncn which hns b.en nodelled to be.lrilrblcon Cloud. and as m Aflr o. rll devices The contenr is mapped rndbldnded wnh lex$ook rnd curiculun. Plnne$hip *ilh IBM wrlsoni\ beins eiplored lo add Anificill hellicence (Al) layer lorpesondized leanins and autonuled Norins

Mobilc App tor iDorovin! Spokcn E.rlish (Self L.xmin! b.scd andRcmorc Turor lcdl: Enelish aolo: ]l)c Compant hrs larnchcd nsoDlinc md mobilc bascd arullcation nrncly, Englirh Bolo. which hasb@n dcvclotcd $itl US bNed Ed rech drganiTation Engli\h Helperat d unir pricc ot Rs 999/ pcr u$r

(B) Skills Group (ISDC): The Company and irs subsidiaics havc ranred moErhd 225.000 candidales during lhe rear under Fliev under vadous skillsrraining prcBramnres- our ofdese 15% lre contibutcd by Coeor.tc mandxtesand renrainnre lrcD Covenmenr m drtes, rne busincss tca.N within ISDChave bcen rc.liencd inro four busims lenicnls covcmncnt ,nddarcs, Rcr0il(828/B2C), CSR SeNices nnd Enrearisc solurions

Colcmnrm Mand.rcs: DMng rhc )€ar rnder reriew. ISDC gor theldges shde ol nrnb€^ ro be hined under rhe Pndhan MmriK.lshrl vikrs Yojana (PMKVY Phlse II), Minisky of SkillDevelopfrenl and EnrEpreneunhip (MSDE) schene,consideins itscredenrials and each demonstEled in earlier schemes. Also.lntesEtedSkill Developnent Scheme ol Minnq of Textilcs xas bennnplenrented with lugesr allomrions

CSR su.rodcdi ISDC has ac.ltrned fresh conrrucls for plrcenenllinked toining ptugrdms. wirh this, ISDC is now rvo*ine rvnh 28claorates in lhe area ofsldll development

Rctail Busars lTrnnrcc Pnid / Enrlover Pdid Prommme\Jr ISDChr idemified BFSI. lT rnd HosDitrlirv a\ sector\ ro olter couaes

()

z\ll-ffS Educariof

under Trainee paidEnrploycr prid ( Hirc a.d Train ) nodels. Few

BVo. ProerJr ' in Ho pir.l.r' x 'd

AL on ob' Sc.'o^ lle

(i,

Unive$ny crants CoDnission (Ucc) hd launched . scbeneon skilh dcvclop'nc.t bascd higher educalion N pft of, o lc6c/r r \ 'airy oJu. r.'. le,li' " u BJchelor oi vo!,rio1(B.voc.). IsDc hrs pannered with Kumaun Lrniversity torimplenenurion or pilor project of B.Voc Pro8rrmne in rwosectors. Ilospitrlily and Aulomorivc. IsDc is working onscalins up ofB.voc pbgrnmne

Ncw I.nirdve: Skill Exchmqer ISDC undenakes trdning and

tlrcene.t largely ior the bhrc colLd workeN. ISDC h.stl.cdment relations (1,000 employe6), sourcing capabilny(presence in nrore lhan 450 diiricIs), Mhing cxpcnisc (>150,000 youlh in 15 labor imcnsivc scctors n.n!,llt) mdassessnrent cxpetuc (hrough STAMP)

'flrh ccosysrc'n is planncd ro be ihbly levenged ro buid aN* brsincss lor tu onlnr skills narketplace Skill Exchrnge

Entcprisc DEvelooicnt Soluri.ns (EDSI: ISDC h$ lautrched EDS lobrnrC nruhiple Stoall & Mediud Enrerprnes (SMES) tosctbd.nd lilkrhdn widr fnhcinC agcnci€s, financial advisoN. tecbnoloey &narkering consulbnh. p(ces\ inrprcvemenl techniqucs drd trinine of

Clusie.s G.oup (ICDI): The rdvisory prolecs of ICDI nrc bcng .adied orlsnoorhly and ICDI has bcen ablc ro gcncmtc tactio. in its Alricr inirirtives.lCDl bls inni.red inplcmcnrario" of rwo .ew ndd,re\: One rrcmCovenment ol Tcldrg.nn ro prolidc pmjccr dvi\ory seNres 1ordevcloprncnt of Mcga Tcxrilc zone, md drc o$er ftom Covt. of AndhrPrndcsh lbr poviding Pdecr M.nxgemenl lnd Monnorins suppon ro rheTcxrilc Dcpdhem ofrhe sbre

Assessmcnt Business: Skius T6rine Ascssmcm M,n.eene.l Pdne^(STAMP), !subsidi.ly of IETS, eng.gcd nr providnrg Nsessnenl solulons rthe field ofcdu.atior. veariorxl skllk tud.ooorlle tdining. It hls becomeliablc ar opcnrion lcvel and h,s a$essed noe lhan 42.000 candidates nr theskilh trini.g space lnd more lhan:.00,000 school cnildro in thc cducatio.sF.e. vtrious blnls and corpooies aE trtihiDg tlc rcch.ology fladorm ofSTAMP and lill d.te morc rhm 5,00.000 coeorarc cmplorees hrvc b€en

(D)

AllsfS leoucaton

Your ConFny has been able io nainl.in rhe revenue turd plontabilny dcspnc ,bscncc oflarge scale ICI pqccts. Tna' vas possiblc bccxusc of divesilicdion inlo non ICTmmdrtes drd sienificant erowth oaSkills business. A nol.ble fealure of the pedormance wlstlrc gc.rlc shift of the orgr.ization u*dds asset ligh. ud technology cn$lcd sohtionsrarScrnrS B2B md B2C sesmenN. h is expecred rhlt many ol rhcsc nitiarivcs such as''E.glish Bolo - Ceneo lnd Skills Exchmge would show tx.rior nr FY 2013. Thcpanne$hips Fith recbnoloBy majos likc Cooglc, Lnl(cdld'. EnglnhHelpe.. A{lobe.etc *ould help nr sharycning thc Iechnolo8y cdec otdrc solulo.s

Your conpxny hd rlso initiated an exercise ro mlionalize rhe cost which is cxpccrcd to bc.omplcrcd in lhe ri6l quaner of lhe FY 2018. One of lhe m.jor prcblcms lETs has bcc.rrcing is lhe delars in collection ofdtres tonr couple ol major clicnh (covemncm oiorissalnd MORD). The n.nrCcmc"t lus bcen tur cr imcnsitynrg drc erions i. bringina the debr.rdays to nrcasonablc lcvcl. Rcdu.cd cost co.$lned sitn re.eivables managenen( is eKpectedlo nnprove rhc cash nows. Thcrc sould bc grcato nd lrareCic r@u\ on diversiiyins lhebusincss inro B2BIB2C scgne s while co.solid ing rhe govemnrent ma ares

An.ppropri.te $oreay |{[ markering ofsewice\ a.d producB ofCompmy is bchgdcviscdxrd cxc.ured in.rderto nlke B2C struregy nrore imtlclftl

Thd Company h$ inilia{ed new tlR pmctices of Drlmcc Scorc c.rd to detine the {r,tcgicobj€ctives of rll venicals and rhenafter ro ourliN Kcy Rcsult ArcN rdr rbc rcds mdehployee\. Plans shdl be dm$n up & erecurcd for c.pacitt bLrildng otFrsonnel ar !.riousLevels in order to cquip rlBn rvnh dr skills for $c proposcd te.hnology driren B2C

Your ConpDt is aiDing d doubling drc prolitabilnt (PBT) durins lhe FY 2018 on thestengtl ot vtsiblc prcjL{t p,peli.c tu betrerc.sh norv nlnaAement

DIR'CTORS & KEY NTANAGI'RIAL I'ERSONNEI-J

(ev Nlanaeerial Pe.sonnel:

Duing the ye.r under rcvicr, followil8 cb.necs took plmc nr rhe Kcy Manrgcri,l

2

l Mr Amit$b Jah lR.si!"./ve.tFebnnnB.2AtT)*Mr Vir.\h Kh.nnr L.,nr,,t,rel

*the Company h0s uMcnntcn i.rcmnl rnDagcmcm renrucluring during lhe year,pursranr ro which Mr Vde€sh Khxnn! wrs lppointed !s Key Mrnagerinl Person(KMP)designlred as ChietFinrncill Ofiicer q.e.fFebruary 03.20t7 iI plncc of Mr

(2) !!rgglj:

Altu+s Educaron

Atodinely, Mr HuiSanllratr (holdinsDlN 00002386) shall bc icrnnrg by darionrnd is elisible for re appointneDt

Knshan Khlno ds $eir reprcsenrarive on rh€ Boad h pl.cc of Mr. PranayAdhvarF, who has accodin8ly teDdered his rcsiclation w.c.tJult 01.2016

Di.eclors lilbleto.€li.€ bv rotation:

As per the prorisions of Compmics Act.2013, onc dtrd ofdE rolalional Directoasb.ll rctie by rctmion. Thc Dirc.ton to rcttc by roution inensuineAnnual CenerulMccrin8 shaU bc drase $ho hr ve been I ongest in office s inc e the ir lls lppoi nrment

Du rg dE yed Lndor review, following changes took plrce nr lhe Doad of

Sr,No,

ll

5

Mr K 'm{ Kri\hnJn bel8 Dr ArchinJ NirJnlM Hinsorrni

lresiRncl \'...f hlr 0t 2AtOl0 Mr. Sudhinddr Krishan Knama'

(appanted w e.f hlr 01 , 20I AI e{ilg,.n rq'i'r H.l ind. L r, eJ er' iry .h.reholder. Lorirircd vr 5 rdhr'dJr

(3)

l\l14F5 Edlcarion

(4)

(51 Fornal Annual E!llu.tion

!!!!3!!!!!-D j j!!&I!:

Yor Company h$ follownrc bdependenr DiEctos ns on Mar.b 31.2017:

Mr Ar\ird lndcr Mxlbour

ll indcpc.dcnr dnedo( hare giren declanrions rhrt rhey nrcct $c crncri. olhdeFndcnce !s Uid down under seciion 149(6) olrbe Compmics Acr,20Ll

Evrluation bv Nomination rnd Rcmuncrftion Connnrcc h a.cordln.d wirh thcprovisions of Secdon l?8 (2) of the Compuics A.t. 2013. $e Nonindion DdRemuner.tion Commtuee ( NRc ) rcricscd rhc ,ortonnrn.e of the individualdirecroB on rhc bnsn ol drc ftitcria srch as rhc.ontibdion or rhe individualdirectorro rhe Boxd md cornrnitcc mcclngs likc prcpdcd.e$ oi the isues ro be di\cussed.me.ni.etul dd coNrucrilc .o.ributior and inturs in Jneerinss. erc. In addition.lheBoard$wholcwxsalsoevaluxted$,erdiefirei!lliddo*nintheNomin.rionandRcnu.ftation policy ol the Conp,ny. The Nonrinltion and Rennucintion Policy lorDircctors d KMP is mnexed herewirli rs Ann€ruft II

Ev.luarion bv the Boa.d: The Bord ofDiEctos bas curicd out an Mnutl e!,lu.!od.r ils own perfomance. Board conrmittees and nrdividual dtccrors pu$uant ro Lhe

Seclion l3l (3) (p) of rbe Conpmics Acr. 2013. Thc pcnonnrnce of |he individudDnectob and the Bo d was cvn[Dtcd aficr sccking npurs rroo all rhe dnecro.s onihe basn of thc circri. such s tbe Borrd.onposnion xnd irucrure, effecrirenels ofboard prccsscs, nrfor.ution and fun !o.i.e crc. The pfaomance oflhe comnntees\ras cvnluarcd by the bodd rlier seeking inFts i(n the comnitree mernbcrs on rcbais of rhe .rileri! such N the clmposition of conrmitrccs, eticcrivcncss oa

Addnionrlly, i. ac.orddr.c witb schedule Iv or rhe Companies Acl,2013, the Boardcv.luarcd lnc pcrlorm,ncc oa Mr. Arvind MllholrJ. Mr. Sudhn M.nlad aMr Arunugrn s.tthivel !s lndependent Dnectos in cxcrcisng indcpcndcnrjudgnen! lbilny ro contribute ro obj€div$ and monnor .oQome golen..ce

l\lbfs I Educaton

pnctice in lheb$tinterest ot Company and placedon rccord its.pprcciation for r1rrole being pla]€d by lhen

Evaluation bv rhe Inderdndent DireckJd: ln r \eparatc DrcdinA of hrdcpcndcflDnecbrs hcld on November 10, 2016, pe omance of non'indcpcndcDr dirccrors.pefomrnce of the bonrd ns a whole and perlornrmcc of thc chainan sas clrluxtcd.taking i o accounr drc licws ofcxccurivc dncdoN md.on exe.utiv€ dnecro( lndrlso Gsesed rhc quahy, quxnrny and rinclincs olflow ol inlom.tion bet$€cn thecoDpany mxnaScnEnt a.d thc Board

DIRECTORS' RESPONSIBILITY ST.\TDNIENT

h remN ofScctior l3.l (5) ol drc conDrncs ,\.t.2013. tJre diftcloB would like to $are thar:

i. drc trellrdion oi lhe annual &counrs. lhe appliclble nccoudins nandrds h.dbeen followed rlong *ith proper exphmtion elatine ro nrarci.l dcp.nurcsi

rhe dnedom hale selecled $rch rccountiD8 policics md npplicd rhcn co.sinc.rl!and mrdejudsmenrs .nd eNnnares rhr( aF reasonrblc a.d pnrdcnt so xs to givc rtrue and l vierv oftbe i.te ol rffai$ ofrhc co"rpmy xt the eid ol rhe fiMn.i.l)eJr Jnd oi.hc protr'd lo'. o .\..o'.pr.y lbr'f Jr to".J.

rhc dircroA hrvc talrcn pbpcr aod nrfi.ic.t .arc for the mintenance of adequaterccountnlgrccords i. rc.ordan.c wnhthe provisions ofrhi\ Act for slle8uarding thensscrs ofdr compdy rnd loi trevcnrhg rnd d.tecrins fruud and olher inesularniesi

r dnecbs hxve l]retlred the aonull lccounrs on a goine coDccrn basni nnd

de dnecto$ hare lnid dovn inremal finmci.l conroh ro be lollowed by dreconDany and Ihat such intcmal finmci.l coDtoh .rc adcqude and sere oFr.tin!

(t) dr dtccro hav. devised proler syrtenr |o e.sure conrplimce with thc pbvisions01 rll xpplicrble laws and rhat such synems *ere adequatc and opcrari.Scfcctilcly

STATUTORY ATJDITORS

The Audnor. Mcsrs Dcloincappoi ed as Srxturory Audno^A.nual Gcneral Meeting ro be

Hasknx & Sclls. Chdcrcd Ac.oun|ob, Curyion, we.e

^ de.4rIUyr. J p'rol 5rer.r.llrhe!onc.' ionofI elJ n | ry 'olq \u\h Jppotr. i er ' ,\xl b" . rtr. r.

All-cFSleoucaron

alification in lhe ensuine Annual Gencnl Mccting till sixrh .onseculive annual seneralnreetins by wayofpnssin8 ofd ordindy resolurion

AUDITOR'S REPORT

The obscrvario. Dade in rhe Audito* Repon Ead togetber with relevanr norcs thcrcon arcsclf cxplaratory !d hen&. do not call tor any funher commens under Sccrion ll4 ol lhc

SECRETARTAL AUDIT RI]PORT

Pusumr to the trovisions of Section 204 of the Acl md tie Conpnnics (App.inrne.r .ndRcnuncration ol Managerial Pe$onnel) Rules. 201.1. the Bord of Dtecios has rppoinredMr. Sanjly Chush, Pmcticing Conpany Secduy for condu.ti.g se.rehrial audn of theConphy for the financid y€u 2017. A sccrctdirl audit repon given by the PEcricinsCompany Secretory is mncxcd Nidr thc Bo.rd rcpon .s A!!gg!g!!!"

NIJMIII]R OF i\,TEETINGS OF TIJE BOARD

Yoor CoDpxny believes in inpledenting good corponte govexrmcc policics rhnt fosrerntrcgriry, tdstde.cy and accountability lor meerins shdcloldc$' ,.d sr,leboldds'cxp.cralo.s. In this egard. Audn Commntee, Nonrinarion & Rcnuncr.tion conDnieqco.poiare S@ial Respon\ibility(CSR) Commiuee is alrcady funcrional i. rhe Conpdy

Meerins orthe Boad ofDneclos atrd ilrendmcc dcnat:

Four Board Me€tings wcrc hcld duine rhc ycar undcr revie{. The auendance at rhese Bo.rdMetinss and lhc prclious Amrnl Gc.cnl Mcering is as unde.

2016

Dr Archrnr Nn.nian H or.nrM!. Sudhn Cunvmhv MJnlJd

M. Pmnry Adhvaryu (r.r€r./

Mr. sudhinda. Krishrn Kh nrluppoirktt r.e f h6 ('r,2at6)

Allef5 leo.car,on

Annnal (;€ncrtl Meeling wls duly convened on September z6, 2016 nnd was attcndcd 6y

Mr ArumusJm SJlthncL Mcmber of Audn Connntc md NoninarionRcmuncdion CoDmittcc of Dnecto*

VARIOTIS COMMITTEES

Durnrg lh€ ye.r. in accodlnce rvilh the Companies Act, 2013, lhc Boftd has filccomlnnreesi Audil Committee. Nonrinltion d Remunedion Co'nmiucc, shrcMxna8edent Connrittee. Comrilre of Direclors and ColPor.tc socd Rcsponsibihy (csR)

'flre composition oltu coDorntccs nnd conplimccs,,s pft rhe.nplicable prorisions ol theAcc and Rulcs dc as fbllows:

(r) The Audit Comnriltee of the Board deals wirh ncconling policics ..dcomnrercial DatteN, financi.l rcponnre. Complian.c Rcpon nd ,ntemrlcontol systens, appointncnr ofi.remal urd cxtcnral audno^ Md riring thenEnunention. adequacy ofi emllaudit frndio.

Thc Audi connucc rn four tinDs during de year under rcvies. theanc.dmcc nrfus of dre Membe^ ,t rhese heelings is prorided below 'fhcI.rcnral Auditoh .s lell as Slllutory Audito6 ol de Conpnny ale mvnedtbr allMeelings ofrhe Audit Commiuee:

2016July 23,

2016 2016 2017

Mr. K K Ijer

AlbfS leoucaton

L2) NuminJ'ion & Remune(!iun Cummnke

(l) . 'mur''( 5u!iJl Re.pun\ibilirv tCSRr C!mmiiree

Durin8 the ye{, rc chnnee look plrce in the con$itutionDircctos wbi.b .onsisb of Mr. K K lyci as ch.inno\Arvind Mrlhotm as

'renbers ol rh. Connnte

The brod tem olreferen.e ofCSR.omnitrce is as lollows:

Fonnulde md r€connE.d

'lhe role ol thc Nomnudo. & Rcnrnerarion CommnE is ro rcvicw and.pprovc ricc.ploycc .onpcnsation !tucturc includnrg drc rcnuncration prid to rhe Dnccto^rnd M.n.geirlPenonnel, Perfomxn.e Related Pr,, raking inlo account the ainlncirltosition of rhe Complny. tend in Ihe indu\lry. qualificarion and perfomlnce of rheconcemed nan€eialpeson and other m G6 as nuy be decided bythe Boad lron

Pusu..r to sub{cction (l) of sccrjo. 173, conpany is nnpkmenting a poli.y ondtrccroN .ppointment ,.d r€nDneration inclLding oileri! for dete,miningqu.lificdionJ, posilive !fiibule\. independence or a diector md other nlterspr.vided lnder sub Secrion (l) orseclion 178

Duing the year under revie*, one neetine of de Nomnrdion & RcDuncrationCommiltee was held, the aoendance slalus ofrhe Menbe$ ar rhe ncelnrs is prcvidedbelov. h addnion ro abovc menrioned neernrs, two circule rcsolLtrions were alsopasscd for carying out rhc cvaluarion ofDircctoN & $c Boaid,nd rccornDrndi4chnDgc h ChicfFnrxncl.lOffi.cr ofdc Co.rprDy on Jnnudy 23.201?

of CSR Connincc ol theMr. RCM Reddy .rd Mr.

28,2016

MT.KKI

ro lllc Borrd. J lorlomrr \dirl re\ll.n\ihjlny

/AlbB lEducarion

Reconmend the xmodr ot cxpcrditurc ro bc inclred on the actirnies

Monirorlbe CSR policy ol dre Compnny ftonr tinre to rinrer

During rhc yoxi o.e Deering offic CSR Connnirtcc Nrs held or Mry 10.2016, tbcrtrendrnce !!ru\ of de Mehbe^ !r the neernrgs is Fovided belo*. In ddnion robelow menlioned nreelins, one circular Esolurion was rlso passed by the Conrmnleeforlulhoizalion of iDplenrenlation of CSR Acririlies on July 21,2016

ln Mdition, other Commntccs & fornN hale been fornred conprtins ofDnecros / SeniorExecutivcs ofrhe Comp.ny for caryi.e our specific tasks. Onc rcsolrtrion by cncuhrion wnspassed br rhe SbaE Allonncfl crm Tnnsfcr Comminee on Februtuy 09,2017 for isnrncc ofphysicrl ccnific.re pusutur to icDarcrilisarior rcqncs ftom rfu shaLcholdcr

FJXTRACT OF ANNUAI, RETURN:

ertrJlt !f lhr Anntrrl Rdum in flmr MCT t i\ rnne^e\lThe derrils foming Fn of dreherewith r\ "Annerure IV"

CORTORATE SOCIAL RESPONSIBILITY INITIATIt'ES

The brierourine otlhe Corporate S@ial Respo.\ibility (CSR) Policy oi the Company andthe initiatives undenaken by the Conrpany on CSR acriviiies during the year are ser olt nr''4!!qc$_!_:_A_&_ of lhis repod in lhe tomat pEscribed in the Conrpanies(Corpomle Socirl Rcsponsibility Policy) Rtrles, 2014. The policy is av.ilablc or drc websitc

vrGrr. \rF.( HA\rsM / 1\ Htsl Lf Br ot!}R Por rc\ '

YourCompany has fomuhted and published a Vieil Mechanisnr/ \llrisle Blower Policy roprcvide visil Mecha.isnr for cmployes includins diEctos of rhc Compmy to cpongcnuirc co.ccrns i.line with dr provnions offtc Scctio. l?7 (9) of the A.r. Thc Wrisrlc

4\IbFS I Educaron

Blowcr Pohcl lor Enployccs has bcc. implcmcDtcd nr odcr to cncoumee enrployees togenunrely blow the whhrle o. dy .rnco.dud or unctlicrl adivny raking pl.ce nr rheConpany. DuriDatheyear. no such incidenco was reponcd u.der su.h ncchm$n

Thcm has hcc. no chdSc b rhc policy durine rhc ycrr ind srme is Nailnble on the

h(o://e$w.ill\ednrlrid,.co',/policl/.dlrylGlLMECHANlSNlroli.v lETS..dl

The sane is also.mcxcd hcrewnh.s nnexurc Vl"

INTERNAL FINANCIAL CONTROI- AND THIIIR ADEO!IACY

'fhe Company has u Inlenrl Conrrol Syner, conrm€.{mtc *ith thc ste. scalc .ndconrplexny ofits openrions. The scope rd rurhorny ol the hrcnral Audn troction is dculcdin the Intenrl Audn Manual. To nrainrain it\objecdvnymd i.ddFnde..e.lhe Imedal Audtrfunction Epons to fie Chainran of the Audil Commnte€. b rhe Chximm & M3n.ging

Tbc ldcmal Audit Fu.crion monnoA and evrluates Ihe efficac] and ldequacy of inrehtl.ontol systeD d thc compary, its compliancc rvnb opemtins syslems. .$ounlinspocedlres rnd policies at rll locations of$c Compnny. Based on rcrcpon ofintemal.udnfLrdion. proces\ owneA undciakc corLccrilc ncrjon nr rhcir Lcspecrivc acas and ihereby{tongthen the .onlrols Signiticdr audn obscflarions .nd rcconrmcndarioN alons \ithcoftrtire lclions thereon aE presented ro dr Audit CoDnrnrcc otrhc Bo.rd.

Tne Conrpany has well stnrcturcd Intemrl Fimncial contml Frmesork (IFCF) ro cnsorcrpprcpiate int€mal control systens in the oqlnisrlio. ln oid€r ro rdliew the exrstitrgprocess of cacn tuncrional arc., Its Deloitle Ilaskins & Sells. Sh'u'ory Audiloa ol rheCompiny, havc cv.luatcd rhe cureDr processes md policies lnd reconnnended on the bestndnsry prdiccs. I'nprolcmcns ggcsted have been nnplemented by rhe Company

RISK MA\'AGEMENT

Ir riew of tlc prcviihrg operating enrircnment, diveaili€(l lctivirie\ & clienteld. your.ompdry hxs dcvclop.d and n implenenrins lhe Risk M asemenl Policy. The pllicy also{arcs tu ncLh.ds ol idcntifying risks md nnigation nnteeies for rhc busincss lctivities.

i\ Jnne^edherew'|n x\ "Annerure VII'

/All-aFS Educaron

WORKPI-ACI] OIREVI]NI'ION. PROHIBITION AND REDRESSAI,J ACT. 2013

TheConrprnyh!\ in place rn AntiSexull lllFssm ent Pol icy in line with the rcquncmcnbol'fhe Sexual Hamrineut of women .r lhe wo rplace {Prevenrion, Probibnion & Rcdicsal)Act,2013. Inrcfl[l conrplainrs comDiucc (ICC) hns bccn sct u! ro ddr.ss.ortlaim\rcccivcd fcexrdng scxu0l hnrassmcnr. ,\ll c.rployccs (pcnmncnt. .o.trcturl, rem|rofury.txincct xrc covcrcd u crtlnspoli.y.

The foUo*ing is rhe sunrnrary ol sexunl h assnrenl conplaims rcceivcd and disposcd off

DISCLOSURII UNDER 1}III SEXUAL }IARASStrTT,]N'I' OI WON'II]N AT

NILNIL

DtlAlI-S OI SIGNIIICA\'I- Ah_D NIAIIIRIAI- ORDEnS PASSED BY THERLC(r \rORS OR (OtRf5 OR TR|B(\Ars r\rPA(ltNC IHE UOINCCONCIiRN STATUS AND CONIPANY'S OPERATIONS IN FUTURtr

Durnrg lhe lcr undd revi€w rhce wA no significr.r Jnd marcrial odcr pa\scd by theeAultton or coun\ or rribunlk inrp ringlhe goine concem naru\ ud coDpmy s opcration:

\'IA\ACERIAL REIIL.\ljRAIION/PARIl(LLARS OI'ITIIILO\fI\

No. oa complain[ received:No. ofcomphi.ts disposcd oft

Dct.ih ol Danrscri.l rcDuncLdion .nd ofdrpusua! ro Sc.rion 197 (12) of Corpanics(Appoinhcm and Rcnuncmlon of Managftial$ AnDextrre VIII -A& B"

CONSERVATION OF FNERGY TECI{NOI,OCY ABSORPUON

Your Company is a sepice Conpany md h$ no muufactuins unir. sincc louL compantdoes nol cmy oul my mlnuficndng activity. the paniculars rcgaidnrg conscrvation olcDcret, rc.hnoloey absorption nnd olncr paniculrs as rcquied !.der |ne trovni.n ofsc.rion 134 (3) tn) or|nc conpanies A.r,2013 are Dot rptlicable

FORIIGN EXCTIANGE EARNINCS & OUTCO

The panicul$ re$dine emings and expenditure ep€ar

COR.PORATE COVDRNANCE CERTIFICATE

The prcvision ol CoQonlepEcticing conpmy s4Er&isas stipulared in Clause49 of tne

ACKNOW]-EDGEMENTS

Oovehmce ConDliance enincale fbn the auditor orregading conplimce of condilioB of coQorare govemmeListin8 agleement is not opplicrble to your Conpoy

The Board of Dnecto6 pla@ on re@d lbenlo lhcn by vrious Covcmncnt Aulholiti6,

'lle Dirdos would also like to place on Ecorddedicotion of lh€ employes of the Compmy d ,ll

appEciation for lh€ continuedBanLs. Finmcial Insliturions

By Ord€r of the B@rdFor IL&FS Educatiotr & T€chnoloF/ Servics Limit€d

DN 00002386

AlbfS leoucaton

RCMRtddy

DIN 00060073

All6fs lEducaton

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AlbFs lEducarion

ANNEXURE TI

Nomination and Remun€rorion Policy

(I) Obieclile

The Nonination ed RcmurcErio. Comniuee and tlis policy shall b. i. conplidcewirh |ne Foviions of Section l?8 of lhe Conpeies Acr, 2013 rcad wnh rulo 6 or the(Mccti.8s of Bofd ed irs Pose, Rules, 2014. Thc key objecrives or rhe Cormincc

(1) To gui& thc Board in rcldior to rppoinhenr and Enoval of Dtecrors, KeyMdagerial Pe^onnel od Senio! Mmagencd

(2) To ev.lurte rhe pftfomMce or lhe neDbeB oi rhe Bodd dd proyide.ec6sary Fport to ihe Bosd for funhcr evaluarion of ihe Boajd

(3) To E.odnend to de Bodd on Renumdion pryrble lo tne Dnecb6, KeyManaadial Pcsoorl md Senior Mbagenent

(,1) To prcvide lo Key Maugsid Penomel and Senior Muagone ftwddIirled dnecrll ro rheir effon. pedommcc, dcdic ion ,nd ehievemenrrelatin8 to thc Conpmyk op€ratians

(5) To dain, notirlle ed promore ralent and to ensue long tem susraimhiriryof talented meaSorial pe6o.s md crede conpelitive advmbge

(II) D.ffnitions

(t) Act .1ds lne Conpdies Act,2013 md Rules fr.ned thecundei 5 amc ed

(2) Botrd dees Bod<t of Dnecb$ of rne Conpary.

(3) Dicclors nean Dnstos of lnc Conpoy.

(4) Kcy Mtuac€ri.l Pesotuel nebs

(a) Chief Executile Ofilcd or the MeaCinB Di@tor or rhe Mlna8er:

(b) \\hole'tine dnstorj

(c) chi€f Finmcial oflic&j

AlbFs I Ed'rcarion

(d) Compmy Secdtryr dd

(e) such othd omer 5 nay b. pics$ib€d

(5) Senior Mdagenenr freans pe6oDcl of the coopany who m mehbeN of itscoe nflascncnr tc.n ercrudins the Boad of Dnedos includins Fu.ctional

(rr) 8de ofcommnhe

(r) Maties to b. dealt eitb, perued snd ..commended ro thc Doard by theNoninarionondRemun.mtiorCommitte

The Conmntee shall:

(a) Fomulale the fireria roi dereminins quatiricdions, posirive arriburesdd independene of a dnecbr

(b) Ide.tify peNons who de $rlilied io b@me DiEcror ed per$rB qlomay bc appoimed in K€y Mdagenal dd senior Mdlgem€ntporitions in accordece wirh rhe criteria laid dow. in lnis policy

(c) R*omend ro L\e Bodd, rppoinrmenr ard remo!.t of DiEcror, KMpmd Sedior Moaeement Pcrsomel

(2) Policy foruppointncnt ,nd remov.l ot Dir.cto., KMp ..d S€nior

(a) Ab.ointnent qnena md auarificalions: nrc fouowins Sel4tiorCriteria d propoed for hirinc ofa Member of the Boud / Diftcror

(i) Erperjcnce/ Kioa how I

The candida& nut nel ar lest iwo oi lhe bclow nenion€d

. Mut havo bcer a CEO of a nediun - lrscconglondte in the pasl

. Must have scfled on other Boeds

! Mut have held Ceneral Mmagenent rcle for the ldr 5-

Alb$ leoucation

. Mut bring a difemt dinemion to the b@rd dle to lneea of wolt or eip.nie orgal, H& Mdkeling etc.)

. Colld be d ind€pendenl spci,list

(ii) Benividalcoboer€rcies:

. R*ults dd Achievene One atio

. SFaLcic Orientario

. Abihy ro innueE ed hsPiE

r Eff€tive Dsisior MalinC

. Chmpi6 Chrnge

. Inta-Croupcoddinadon

. tnoesny CFil& @')

O) Tcm/Ten@

(D Mamsng Dirbr/whderift Dnecb!

the Conpoy snal appoi.t o. e,appoint dy pdson d ii3Er*urn. Chdmm. Monago8 Duard o' ENoriw DErorlor a km not eredine five ye6 ar a dn.. No (.appdntft shall b€ Dodc eelitr thd onc ycu befoE rne

A11615lEducaton

(r)

(iD

Performrne Evaluaiion ot rhr Board olDirecros

An Indepcrde Dnector shall IDld office for a rcm upto ive consecudve yeN on the Bodd of dc conplnymd will be eligible for E-appoi.rnent on passine oi aspeFl Esolution by the Conpmy od disclosuE olsuch epointnenl in lhe Aoddl repon

No Independed Dnedor shall hold ofice for morc timtwo consecutNe rerni but such Irdepert€d Diectoshall be oligible for appointmnr rlrer expiry of thre,€ds or ce6in8 ro becone m Indcpendent Dnector.Provid€d rhat e Indepcndenr Director shrll not, duringthe said perlod of rhre yeds, be ,ppoinred in or bedsocided wnh thc Conpdy in ary orher clpairy.eit\er dlectly or indiEtly

Evdy hdep€ndent Dtecror befoic .ppoi.rneot shalltumish dre dscltuarion oi Indepc.dene lo dre Compsya per sction I49 (6) ol the Compeics Acr,20t3

A!js!r.e:

The objcctive h io f&ilitalewhole to Evicw lhe efilc,cypeftnrDece. The Board

(0

thc i.dividual DiMtos ed lne Bodd 6.of the diMrives wnh mped ro the croup$ill uMenrl<e lhe loltowi.g &iivitics

n*t witn each Non Executive Dire.torindividurl pefom ce bd ide6 for

TheBoardaasholeperroinde duing rhe

(iD

AlbFs lEducation

PerfornDe Evrlultion Arcns :

(i) Review sdrteev ?nd Perfomece :

(iii) FnrcialConaok md Redd'ne :

Review Compmy strteey amuolly

Follosirg sraregy eview abovc, lne Bodd witt sel rn€orgdization perfornmce objecrivd b6ed onqualitarilc dd quddtadve neAures

Rcvicw the sbatesic obj4rives dd e.sure rhar drcy ein line with lhe Conpdy's pdorilies od the chdgiosuohnc olthe Conpanyt busiMs

Revies p€rfomece of Executile DiEcros Muallydd hare it Fflect in the renunemlion review

Re!iew prrlormoce of Independent Dm.rors bnudlly

(iD Perform'cc ol rhe Commiuees conqnuFd under rhe Botd

Rerie* the necessity oa st$lishing my Comireesd<t delegating conain of its BpoNibiliries ro the

Review the Colmitees &hievemcns duing rhe yee

Reriew tle chanes or the Comins6 once a yed toensG tnar rhey de up b daG

tn.uring de Inregriry or dr Compmy5 ieoun..ng edfr.mcial rcponing systes, including rhe independed u<tir.rd rhar appmpride .rktu oI onml ue in place, r0pdiculd, system for risk omagene , lindciat ddopcrarionxl.o' Lol. rd comphece sid dre.aB md rctevr

AllrFs j Educai,on

iivr CoporaR Covemrnce :

r 'ure rhar " I rle corpo' ie eo\emd.o po ir. m dnrreo

Evolurlio( of Independenr DiRro^.

Schedule IV of tne Conpmics Act, 20ll pFscribcs the Code forIndependent Dirctois (co<te). The Conpdies @ requird iofomau! .dopt the Conc. coing foNrd rclc, responsibitiri€s.appointnent dd eldulrion of thc l.dependenr DiEctos will be

R€vieP lnd Modifi crlions:(d)

Bed on de discu$ion on (h€ loiegoing evaluorion md, penetcsdd Egularory prcvisio.s, ir is proposed to evotve a suitable narix forovarudio. of W}ole Tine, Non Whote Tine md l.d€pendcdDi€lo6 which wiu be placed beforc the Bodd in ils nexr Meerjng

(ID R€nunerulion Pstte.n WID/ Man&i.E pirecto.:

(r) !!!!g!!!9 : A sDnnry of the curcnr shcrue set lor rhc wlole rine DirccroB

Al16F5lEducar on

(2) Ba* Sol$v : The Sharcholdes of rhe Compdy, white approring theappohrnenr of the whole,tine DiHtors appove the scalc wirhid ohich rnesal&t of lhe Wholcrim Dierd could be fixcd

(3) Pemuisira ond benertu : All othcr beneli$ @ as per rhe rules or rhe Compmy.I. addition b lhe above Enunerlrio.. dre Wrotciine Dnecto$ re olso e.tnkdto perquisites a! nd the Rul€s of rc Conpmy

(4) Shon-TemIncentivePl,.liSTIP'):

(a) nre Compdy opdlles lniable pay schene crlled 6 .poifommceRelated Pay" IPRPI. Ancndneis to rhe PRP schem is nade ro suirthe olgmisation\ blsiness and perlomd&

(b) In derelnnring thc acrual PRP Fynenrs, rhc facro( which re usunltycoffidered e Pedolmecc rclared ro rtrc crcup\ finocial,Opemtional peilomdeagainstbudgct

AIIslS eoucation

ln Kev trl.n.eenenr Pc^onncl I KM Pr:

(wr) Renunerarion Mi(:

(l) The Key Mlnasenent Pctrorucl (KMP) in rhe Compey de de ExecutivcDnstor (ED / wID), Chiei Financial Otic( (cFO) lnd Conpmy sccretry(cs)

(2) The (l4Ps have oFrarional responsibitiries in .ddnion ro $e responsibihicsspcciicd bt the Companies Act. 2013

(l) Tbe rcDun&arion p..krge of rhe (ey Mtulagenenl and SeDior Mmneehent

(a) Fixed Remun€ration : This includes o Mo.rtrly Sxldy such .sConsolidded Pay. Vdiable Honse Renr Allowocc, ConpensatoryAllowturcc, Urilny Allowdce, InteEN Subsidt on Housing Lods

(b) Annull Allorances: This conrists of k.ve Tavel Allosatrce,Med ical Re i mbuse me nr and Housc Main ren ance AI lo \yrtrrcc

(c) 8s!!eb: Tris in.ludes Porideni Fund @ 12% or Consotidlred pay,Gatuiry and Superamu.rior 6 pft Conpmyt policy

(\rI) Non-whqleTim€ Dirucru6:

Non wl)ole-Tine DiEcto$ {e paid Siii.8 Res lor arrendinA the Boed / BoadConmillee/s Mccrings in ac.oidrce wilh lhe Conrpoies Acr, 201. Tlrc Bord isrcspo.sible lor selling potlcy in rclarion ro rhe renuncr.rion ot rhe Non Whob Tnnc

T1F toral cmuneration packrge ol D;ecto$ and (MPs is desiened ro prcv1dc arppropriare balmce beNeen tixcd ud vriabte conponenrs wilh focus onPerformmce Relarcd Pry so lnlouslanding pedbmuce n incenrivizcd bur wiL\ourcncourging excdsivc rnk raling

Alb6 lEducation

(Lt)

(vru) Dircloffi:

R.vl.* qnd Modifiotion:

Undd tne plovkioa of CA 2013. thederalh of the nuoSerial ftm@htior

Board of Di@to6 would have to disclose lneitr lhc DiFdor\ Repon to lne sh@hotdeE

RenMdation Policy is enswd thrcu8n peiiodicilof tne Conpey my anend or nodiry lhn Pofty ir

I

Efecdven*s of rhe ManoSerial@view. Tie Board of Direclorswiole o in pan al ey tim

ByFor rL&!S Eduoliotr & TehD

DIN (D060073

RCM R€ddy

DrN 00002J86

All6fs lEducation

ANNEXT'RE TTT

(P,!qad b sdi dqr) d rE c6pshfutsn6l^PFdftm|dR.ha:!d.'emoda FlMmd)R!b',011)

€@!fnr@6dlch@Tdd,@;al

h qmbd o. hb. @q mmiro

i)4 re$ (scu) ad rEruE roo.

d Fdb. 6€ ,6!rd o;kr tu

A1166lEducarion

sMrc! !d red R@ddw. ar I aDot.pprd.b h..@,q

R{0rcri6lF4deroD*Idd,pP,ahb6.a@|M'

htu) Fsluisr, 4rr /fd 4k,

qdlrturJbbE. e6nd_ j4&uidk hb\dtu!

5hrndiAFfu,c4J'fl16

l9irb$c-n66dcd|@&|rcoP4Jd@l7@d/'dqhd.t

R4.@a',e$/,dr4,d.bd

Q,tu b!! ^€ffd

6bd nb h, n.b'4dcer r-,its odldn d Ddqw rruEnrb, F4d,bL

All-ffs lEducarion

lcd,dcR.@fiwfuiRe34dhdtsfuffde.,tsd!fu

dDlfufu]|6kllrod!i4|b

rltd Fftpsi a hdanqqt @d 6 €tu hqh d. h d6mdR nnb.1e ia.e

cafr.[4ftuhhblidFlim

,

A1166lEducation

ftplbliydema4Mds

[email protected]'e'

lbm'da6dh./owNdc

lffruc@:.b|bfulE!*nyd

A116A lEducarion

ANNEXURE IV

Fo.D No. MGT-9

EXTRACI OF ANNUAL RXTTJ'RN,s on ih. titutrci.l Jer eded on 31.04.2017

lPursumt to scction 92 (3) or rhe Conpdies Act, 2013 &d rule l2(l) or rhe Conpmid(Mfloscncnt md Adnjnisrarion) Rules, 20141

I RICISTRATION AND OTqER DEIAI-S:

D CIN

iii) Nde of the Conpmy

U80220MH1997PLC112535

ra.l2.t99l

IL&tS Edu@lion & Tabmlogt

iv) careeory/Sub Calegory oflhe Conpmy: Conpony Linit.d B' sh.6v) Address or rhe RegisteEd offie sd conl@r deraits : !d Floor, Qurddnt .D,,

Thc rL&rS liDtuial.e E, Plot C-22, GBI@lq Dand.. -KurltConplex, Mtrmboi.400051

vi) Wherhei lisred @dpey : Yeg Debt listed Cdnpanyvii) Noq Ad(lr6s ed con@t deraih or

RegisndddTrdsferAce , ifdy : Link Intide Indi! A.1

Add: C-13, Prnnd.l Silt

L.B.S. M!rg, Bhddup(Wso, Mumbd-?s

II PRINCIPAI, BUSINESS ACTMTIFS OF THE COMPANYT

Arl the business activiti6 @rEibutilg l0 % or nore otlhe lotal tumovcr oftbe @npuy shall be dd€d:

Nam. md D.sription of min

Allrfs lEducar on

NI PARTICULARS OF HOLDINO. STJDSIDIARY AND ASSOCIATECOMPANIES:

st, CIN/CLN

lnfrrnrucde r?rsitrg &

Addrds TIFC. BmdmKuda Cohplex. Brndm

u65990NIHl93rPLCurr57r

IL&FS Cl$rcl D.!.lopmenr

Addre$ 2nd !1mr, NiDzt

Mrrg. Opposire Am'R$c.eh md ReremlHospird. New Delhi

llaFs Slills Dcvdopmenr

Addr6s:2d Fler, NirydBhrMi, Rro TuLa RamMrre. Opposirc myRe$!(h itul RefemlHoJpir.l. Ne* DelhL

u30r0]Dlr0r rPLcr r:r B5

sbLh Tmi'i"c A$csnenrPdnoA

Addre$:2id Floo( Ni.yatBha*an. Rr. Tltr RrmMr.s. OppGirc AmyRefrrch lrd RufemlHospirrr, Ncw Dclhi -

u3090rDLrL{bPrcl55325

Mltk$ingsffv,c* & soturioDs

AddRrs:rnd Ft@i NiryarBhrwrn, Rro Tuh R.nMarg. Opp.sirc AmyR$c.rch and RelemlfiospihL. Ncw Ddhi

u5l909DL2m3PLCl7Zr27

RuralDcvclopmcnr rnirirrive

,\ddr6s:2dd Frmi NryarBhrlan, Rao Tula Rlmi\hl8. opposire AnnyResmh rnd RcfcmlHospfur. Nes Dc[,i

ul5400DLror2Pf cz:]lll0

AlbFS l Education

Ja'pur Runr Der€lopmlnr

Add.6s:2nd Flor NiryBhrwar, Rao Tulr RamM e. Opposire AmyRc$ach md RefemlHospnri. Nes Delhi

ut5200DL20r2f Lc2t2l03

Raj{mindDcvelopmenr

AddN:2nd Flmr, Ni.ydBh.wrn. Rro Tuh RrmMrg, opp.$t AmyResemh lnd RcflmlHospibr, New Dllhi

uJ5400DLloDPLC2IUlll

'ner.,Tfrie ha bcen rr rct o f lrcn de RdC re jJtroeenorro.\cd

Mh.r. HoldinA Prl€rn (Equity shar€ opild Bft* up os percenlaAe of Tolrl

I) Cde8ory Wis Shre Holtiine

No, ord'rns neld !r the Bqinninsolrhc No. ofsh,rcs h!ld ri rheend ul rh. Jcar

Nil Nil NNNil Nil Nil Nil Nil Nit

Nil Nit Nil Ntl Nil

Nil Nil Nil

25372,937

Nil Nil NilNil Nil

Nil

Nil Nil Nil NiL

A ll4f5 l Edlcarion

Nil Nit Nit Nil Nil Nil

Nil Nil Nit Nit Nil

Nil Nil Nit Nil

Nit Nil Nil Nil

Nil Nil Nil Nil Nil

Nil Nil Nil Nil

12)

Nil NiI

Nil I Nil

11.594,255 1t.594.:55

Nil Nil Nil Nil Nit

0.13 Nil

Nil Nil Nil Nit Nil

Nil

AIbFS lEducation

3(3)=B(1)+a(2)

Nil Nil Nil Nil Nil Nil

!7.525Jt6 Nll

n) ShoR ltolding ol PromotcE:

shm holding a! rhe Begimi4 of rheShm holdins a' rheendofrhctrar

NIL 25.372.937 NIL NIL

NIl

AllcFs I eaucatron

IlI) Chegc b PrcnolcE' Shrcholdlrg: NIL

SL Cmukdv€ SnNholdine

25,812,947 63.93 25,872,987 63.93

NIL NIL NIL NIL

8,4n,987 63.93 8,4n,981 68.93

AlbFs leoucatron

Iv) Shar€holdine Panem of rop ten Sh*eholdes (other rhan Diredors,Pronole6and Hold€6 of GDRI and ADRS):

s.

Lcxin8ton Equif lloldinAr

4r the heginning 0f theyclr 9,806.915 9,306.9t5 )6 t: ca

Date *ise Incrcde / Decftrse in

Yed spccifying |ne re$ons fo.increde /dedease (e.e. allohcnr /fmsfd ,/bonus / swed equity elc):

N]L NIL NIL NIL

9,306.9t5 26.t2.k 9 806,915 26.t2 9.2. IL&FS Employee W€lt re Trust

Ai (he beginning of rhelerr

De.rease in Sheholding duins

rcdons for incft.€ /decc6e (e.9.

tdsfer,/bonus/s$e equityerc):

NIL NIL NIL NIL

1.73?,140

At the bqinning of the t€dr

DeEas in Shdc holdiru duing

tlsons tor incF$e /decrcase (c.e.

lnnsfer /bonus / sweat cquiry etc)i

NIL NIL NIL NIL

o.ta.k 0.18%

AllsFS leoucarron

v, Shareholdire of Directors lnd KeJ Manacerial Perennel:

sr, Sha€holding aihe be8innir8

L N]L NIL NIL

NIL NIL NIL

L NII NIL

NIL NIL NII NIL

5.

Dare wis IncMe

Shareholdrng dudng theymr specifying rhe reasons

allotned /h.sfer

NII- NIL

N]L NIL

NIL NIL NII-

3. NIL NIL NIL

NII NIL

NIL NIL NIL

NIL NIL

NIL NIL NIL NIL

NIL NIL NIL NIL

All4FS I Education

INDEBTEDNESS

rndebiednss at th€beginning of lh€ linancial

r,l l.?,14,r,781 1,661,998,r31 1,5r2,000.000 6,286, t4t, L t6

iii) hteesl iccrued bul nor4,312.157 33,3?5,937 88,208,r4,1

Tor!lii+ii+iiDr,t12,144,143 3595,875987 6,37135t,260

Change in Indebt€dtrBsduring the ffn.ncial Y€a.

2,221,r71.258 65.405,370 u,233,578,628

(3r3,614.663) r,2r0,174,5t71 (1.070,629,33t) (2,594,6r8,t6t )

(313,614,663) 1,0t2J94,111, ( r,005,22.r,0t l) (306,019,93r)

Ind€bl€dns ot th€ etrd of

798.5t0,r20 2,649.288,0r5 2,525,246,606 5,971,064,?.11

iii) lntcloi Accured but not29,84t,216 65,405,170 95,2,16,t86

Torsr (i+ii+iiD7985t0,t20 2519,t2923r 2,s90,651,96 6,M831t,327

AllfA Educaiion

VI REMT]NDRATION OI' DIRECTORS AND KEY MANAGDRIALPERSONNDL

A. RenuneruIion to Man.gihg Directo., Whole,tin€ Direclors ln{Vor

s. Parliculars ot Remuneration

L(a) salary rs per prorLionsconrai.ed i n seclion lt(l)

r 96l

5 000 oco

(b) value ofFrquisires uA

1961

41,625

(c) P:ofits i.licuolsrhyunder sccrion l7(:r) I.one

2.l.

5.

5,0.17,625Ovemll Ccili.g $ pei the Rs. 15,732.970/ (Beins 5% of$c Nor

PrcfiG ol the Conrpany ns c.lcularedundcr sc.rion 198 of Ihe Compmies

*Orhes include consuhancy fee, Povidem Fund dd Supelmrdion upro Rs. OneL& (Superamuntion abovc one L& is ! prd oftax perquistre)

AIbFS lEducation

B. Renuncftliotr tooth€r Direcrors.

s.

iin Rs.)

Fee for atrendi.g Board/t,60,000 2,20,000 5,60,000

NIL NIL NIL NII,NIL NIL NIL NIL

I,60,000 2,20,000 r,80,000 5,60,m0

).olner Non-Ex€culive

Fee lor auending Bodd/30,000 L00.000 r,00.000 2,30,000

NIL NIL NIL NILNIL NIL NIL NIL

30,000 r,00,000 80,000 2,30,000Torll(B)=(l+ 2) 8.40.000

NIL

OycraU Ceiling d per the Rs.3,156.594/ (BeinB I % of the Nel Profns of the Conpmy !scalculaEd undelsection 198 oi$e Conpmid Acr.2013)

All4FS Education

C. Renun€ralion 1o

s. Ke) Nrinns.ri,'l IrEonnd

l96l

19,11,t2\

VII PENAT'|IES / PIJaISHMENT/ COMPOLNDING OF OFFENCIS: The€werc no pc.allies / punishhent / compoundine of offcn.cs lor b€rch or lnysccrion or Cofrpanies Act asainst the Conpmy or its Dncctos oi other ofticers indehult. iilny, durins tle yeu

*Orhe6 include consulhnct fee, Ptovidenr Fund dd SupeEmuation upto Rs. onc Lac(Superunnuation aboveO.c L.c is a pd olru pftquhite)

By Order of 1[e BoardFor IL&FS Educarion & T(hnolosy Se.vic€s Linil€d

006007:l

\oRCM

DIN O DIN 00002386

/All$Fs Education

ANNEXURE V-,\coRPoR 4f!lQ!!4!_8!IMS L

IL&[S Edtrcation &I€chnoloer Scnices l-init€d

coryormc socid ResNnsibihl (CSR) ( lhe Conpany s conxnnmcnt ro nss'akeholdes loconduct brsiness in rn econoDicrlly.:ocirlly and cnvtronmcnrallysuskinable mrner that is traDsprenr and cdri.al. IL&FS Edd.ation andTechnology SeFices Limired (jL&FS Educxtion) n lDdir is conmrilted !oundenlkc CSR mtivnics i1r n.corddrcc *nh rhc provisroi: or scction 1:r5 ot rhelndian Compdrics Act.20ll addrcldcd Rul.s

(t) Background rn.l Objeclircs : lI- & FS EDUCATION rnns nr crolvnre csRFlicies under a Public Pivde Communny Pnnncship lranrwoik sidr the

G)

A ain nnrcAic md long rcm p.nDcFhif with conhuniry rholgheducarion and locdionrl skills tut lilclihaods pursumr ro Schedule VIIEad Nidr Sccrio. 135 of ftc Conrpanios Act 2011Addrcs social and coviro.'ncntrl nnpa.r ofbusnrs\e:AliSn with thcconpan! s v(1onMake,. inpxct,.ve{nentNunurc rhc inrcto{s otallsrrkcholders i.lhe businessProjc.rs shich ard:unrnrblc. repliuble. \calable & rcliab,e

To supponcaprcity buildnre throu8h skills b.scd trinineprogrms wirh al@us on cDploymcu and ctrrrcprcDcurshif

To suppon qunliry cduc0rion drorgl' qu,hy inlrove.ent of schools:'fheobjcctivc is to rake up exhtine $esed schooh *hich .E providnrCcducarion ro the mrgi.rli^d (Minorities. Fronomicrlly disrdvrnraEcd,girls, soci.lly bx.karrd erc) for holistic quality inrprcvcmcn locnscd onimproving lerning oulconres

(c) Discretiontur inni.rivcs: h ordd to cnablc nccd b$cd suppon to projecr\.n is .ko rccomncMcd to providc lor a dis.rctiofury lllocation lowadssuch rcqumn'en6.

(aJ Acrnities lor Approral torFY 20ls

Alldfs lEducarion

(a) skills Developncnt: suppon skilk schol3ships mddNalandx Foundation

(b) Scbool nnForenrent prognnnre : 2 sressed schools have been idenlifi€d (onein Delht NCR and the other in Mumbai) uDder Educ.rionrl trush formi.oritlcv narginalizcd.nitucn

(c) Discretionary initilrives : Folloqing are recoinended rhat could be rlken up

(i) To usc nftanfldurc in govcmnc.t schooh to suppod lilc skilhprognnnes throrgh e-leming, spe.illcally in Adoles.enL Herlthmd Findcial lnera.y, and/or

(ii) To suppod educational interentions under aEs delelopment planin Ti)ulia. Uttar Pmdesb in convergence Nith IL&FS CSR

(5) Approval P.ees: whili, iD Ihe mrnll case, npprcval sould bc ratcn for movcrnll PlDar rhc nd ofeach findcial year, n is cxpccrcd rbat in rhc innial yctusot rhe implenrmxtion of rhc csR rcgnrc, pciiodi. rclievs and / or modtficdionsto thc Budge( may bc nqDired. Hen.c lPprold oaCSR Conmnre h wolld berrler lor my pioposed expendnure to be n.udcd tbr CSR

(6) Key Rul€s /Gtridelines for the CSRExpenditu.e:

(a) The prescribed CSR spend, d indicared in Secrion 135 of rhe ComprniesAct,2013 is at 2% of lhe Avemse Prolit BeloE Tax ofIhe Conpmy. dulydjusted foranydilidend incoDe received frcm conpuics, and dy profitsfbm Ovem€$ Brmch€s

(b) Thc olemll spcnd will bo o.ly o. such intcflc.rions,.d p@grans whoscimpacLs arc both ncmingful dd mcsoiablc

(c) TheshcredprcjecrJieed |oadheretolherollowinssuidelines :

(i) The Complny wiu undenrke CSR prcjecb / poslomrcs rhal are inconfodnity with Schedul€ vll of rhe Acr:

(ii) CSR Acdvnies shdl nor include the.ctivnies unden*en in pu$u&ceotnomll cou4e ofbusiness orlhe Cofrpanyl

(iii) Any surplus aising out of my of the CSR acrivitics / po8lnmnrcs shallnot fodn p.n of lhc 6usinc$ prcfis of fic Co'.pmyi

Allsfs Education

(iv) Any lctirity for the exclusive benefi( oflhe eDployees ol the Conpanyortheirtunily nembeB shrll not be considcrcd as x CSR ncrilnyi

Hosev€r. thc Company nry build CSR clpaciries ofits own p€Aonnel assell as those of its Implemenlins Asencies bul such expenditurc shrll note\ceed <ri oI rhe .o.Jl .SR eroe

'd .Lre oi rhc co.p n) ' . ,y o r

Disclosure of the Policy: As l)er de Acr IL&FS Educarion i\ requiFd io discloserh€ conposnion or lhe CSR Cohhitce rd ir5 CSR Policy in rbe Company s

Annull Repon lnd on lhe Febsne. Funher, rhe detnils of the CSR ncrivnics nndprogranne trken up dornre the year wiu also be disclosed

Every year. the CSR Commnte {ill tlae fo. the Boards rpprcval. r CSRPlr delineatinc |ne CSR Prosranne\ lo be cloied outduins rhe finmcialye!! and the specified budsels theEof. The Boald Fill co$idcr .ndapprove lhe CSR Plan with any nrodification thnt my bc dcc'ncd

(7)

(R)

To imtlemenr the Conpxnls CSR Prognnnes lhrough Nailnda Foundation orrhoughConpany personnel or thrcugh erremal implenrenting aAencies or lhrcugnSocial Empowement lnd Economic Derelopnrent Society (SEEDS) dnccdy, orlhrough implenenting leencies in the fom ol NCO'S, seNice provide$, veMo$elc. (lndor olher Trus\ Foundations ud Section 8 comp.nics rhat mny bceslabhhed by rhe Conp.Dy fonr rimc to tinre). lI $rcb c.scs, $c co.pany willspecify rhc CSR PrcelanDrcs which n.y bc u.dcnakcn by thoso Ttu{s nrrccodmce wilh lhen Objccts .nd ndmnristrarivc md acconnting proccsscs lriddown nr ll)c rcspccrirc TnBr Dccdv Mcmoranda nnd Ani.los ofAssocidio..

The CSR Comnirtcc will a$igr)Plm wilnh spccincd budgc* ad

The peBons/bodies to which lhe inplementation is $sigNd wiu cary outsuch CSR Prcgranrm$ within rhe specified bndecB drd dncfnncs .ndrcpon back b E CsR cormittcc or nre pmgressicquc.cy as rhc csR conmrntcc mnydnccr.

tnc hsk of inplcnentario. ol L\e CsRrnncliames to such F$ons or bo{lies !s

The CSR Comniue shlll rriew $e implemenr.tion of the CSRPrcsommes as and vhen EquiFd and issue necessary dnccrio.s from timc

Alla6 lEducation

to cNre olderly fld €fficient ex€otion of the csR Prcglolms inaeordmc. Pith lhis Polia.

At the end of evdy findcial y6, the CSR Comnt€e wiu subnn its

rl0r CSRExp.ndituft

CSR expenditue wiU include dl expendil@, di@r sd indiet, incured by theConpmy on CSR Prcgam€s undenak€n in aeordmce with the apprcved CSRPlm. MoEov€r, ey surdns dising from my CSR Prcgnms shll be used forCSR. Accordingly, dy incom. disi4 fron CSR Prcgralm6 will be nened offlron dre CSR cxpdditue dd sucn @r anoui will be Eponed as CSR

ANN'EXURD V . B

Yorr conpxny hds preplred a.d lopled de CSR policy in acrodaNe Nith Section t35offte Complnies Acl,2013. The projects undenaken will be rvnhin lhc brcld frmcvorkolSchedule vll ofIhe Conrpanies Acr,2013.

Brieloutlinc ofCSR polict is $dcd hcrcin bclo$:

co.ponte Social Responsibiln, (CSR) h lhe Complny's commnnenr lo rll of ns$*choldeN to conduct buline$ in !n econonricdly, socirlly and envircrncnl.llysusllinrble namer lhat is transpaEnt rnd elhicnl. To pu6uc tbesc objcctivcs wc sill

'fo $rppon cap..ny buildnrg drough skills bascd tannng progrxms *irh r f@us oncnploynent md entreprc.eusbip

To suppon qurlny educrtun throuBh qurliry imp.ovenEni of schooh

The objeclive is ro take up eristingro rhe marsinalizd (Minodties.brckwad etc) for holislic qurlity

The del.ils re .ho providcd h tbe CSR policy which is avallrblc on fie wcbsite of theCoDp.ry: htlpr/sww.ilfseducation,con/pda/policynEIS CsRPolicl.pdf

1. Conp6ition of CSR comnittee

stre$ed schools shich .rc prcvidilg cducarionEcononricrlly disadvDtaged, gi s, so.i.llyimprcvenent lbcused oD inrproving lcrming

(i1)

(iit

2. ollhc conp$y lor llst th.e€ linancial y€a6:

Rs.388,6t Mn

AllsB I Educaron

ANNUAL RIPORI ON CORPORATE SOCTAT- RESPONSTBILITY (CSR)ACTIVITIES

All6S I Educaton

6, Ou CSR cpoDslbiliils

W€ hftby affm thar the CSR policy, a apptuyed by rhc B@d, lE b.aimplcMld &d th. CSR omitLe monitos the impLftnralim of 1nc CSR prcj.ct!dd actiyitiq in @mplimc. wilh ou CSR objdtivs

For IL & FS Eduolio! & T.cttroloa/ S€ric6 Limited

Ilnhw.K K lyer

Cl.ndd of CSR Codd reDtN 0186561?

Allrf5 leoucaton

ANNDXUREVI

VICIf MECEA\TSTI / I! HISTI F BLUWIRPOLICY

lL&Fs Edu.ation & Tc.hnology scrlices l-imited ( L&!S Educ.tion )and ns subsidi,rie\ (collectively addressed as $c Company ) arcconnired !o complline sith the domenic and forcier lxNs rhd .pplt rorhen, padicul lyenndnglhal rhe busincs is condu.rd lvirh idcgrity a.dlhar lhe CoDrpnny s turmcial iDfornarion h ac.unrc

'lhc Conpany bclicvcs i. dro co.du.r 01 the aftuirs of its constituen[ nr atrir and trnsp.rem nxnner by adoptins hi8hcst n..dards ofpofcssion,lisn, honeny. inleernyand elhicrl beh.viour. To$ards nris cnd,rhe cohprny hls ldopred rhe code of condud crhc codc) which raysdown the pinciples lnd $and{ds that siould golcm rfu aclons of thcCohl)any md it\ employees. Atry actu.l orpotcntinl violrton oldr Code.ho$soerer nrsignificanl or pcrccivcd ns such. $orld bc a nrtror ol :enousconcem lor rbe Conrpnny. The blc ol thc cnployccs h poiming out su.hviol ions oflhe Codc crnDor bc rndcunnrcd. Thcre is r tovi\ion under lhcC ode rcquning cmplot ccs ro icpon vrolations, $hich (ales:

'XXII. Ropoding Unldti.n\

Resr.n:ihi ]i r" to Ro.i Violati.rsoftlt Cal.nnl kM:

rhe CarercA Pertuns shorll pr.hptlf r.p.n .nr achel .rapparent riaktiors of A Corl.. Ant wh poi: nar he nnnleanott'nouslt. Conliddtidlitt nill be "ui,ttitl?l, b th? e\lenl

Tht crDlpqt!- i .Inni1tel b .lewbpntg a .ultu/. rhc/. t 6:ufe .for att F,Dpldees to nise concents .bart u,\ po.r orrnacceptable rractice akl .nr cr.ht .l

"ti:..ndrct(O Secrion l7?(9) of tbe Conpoi6 A.r. 2013 (A.0 provides ror the

institulion of thc vieil drd whndc Blowing Mechanism in lhe specifi€dcomp ios. aor enpl.yees ,nd Dnecton to repon to tbe MoascmcntiNhces of u.erhicrl behrviour, adual or suspected. Irand or violariotr ofthe Conpany'\ Code of Conduct, in run to bc monirorcd bt dc Audn

Allc6 leoucaton

(d) Acmrdinely, this v,'hisde Blower Policy fine Policy") h6 beenfomulared with a vi€w lo Fovide r dehanisn for employ@s ddDn4tos ofrhe Compmy ro appoach the d6ig.atd Onbudspenon andorthe chaiman of rhc Audit comine of 1ne conpmy lo Epod unethiqlb€haviou, actual or suspeted. fraud oi violalion of tne Compey\ Cod€ ofConducr md mottes sp4ified in this Policy

(e) The Policy pioteds cnployed md Directo$ pishing to raise a coocemlbout sdious iregul@ties wnhin tne Conpmy

(0 Tlc Policy neither rleoses eftployees dd Diectors lron tnet duty ofco.fidentiality in tne oune of discheging then dulies. oor h n ! route rortaking up I giieve.e a6oul a pcMnal siluation

II &!iq:(a) This Policy is for the bnefit ol $e Ebploy€es od the DiEtols as delned

hc!€irafter

G) Tne Policy hd beer drawn up so thar Eoployees ed Directois can beconndot abont raisinS a concm

Th€ delnidons of sone of &e key reltr used in this Policy de given belo*,Capitalised €m not delined hercin shall havc the m€ming ossi8n€d lo lhen

(!) Atrdit CoDmitte€ : m€d the Audit Comitiee @osrnu€d by the Boordof Diqtois of the Compmy in &6rdece rith Section 177 of lheCompanies Act, 2013

6) Dnetor : neds a person appointcd s the Dire.lor on the Bodd ofDiEro6 of the Conpany

ic) Dhciplina.y Actiob : nes tuy acdon that cd be trt@ o. tnecomplerion of / duing lhe inv6tigadon procedines including but notliniting ro a wding, imposition of fnq suspemion ftod th€ official dutiesor dy such acrion a is dened to be fit ensidqing lhe gavity of the

(c) Emplors: nes wery employ€e of the Conpdt (wheth€r working in

AlhS I Education

lndia o! abrcad), including drc cxpatriat€s stationed in lndia ed pelsons4gaged on conmcr

(d) Code: mtrs th€ Code of Conduct

(e) Inveligll,or: @D those p€rsons andorised, appointcd. consulted o!appoached by lhe Chaiman of lhe Audl Comntuee dd includs deSraturory ddor I.temal Audnos of the Conpany Md lhe Police

(0 OnbudspeNon: pill be a NoFE\mtiv€ Dirator / Head of HumeRsome (HR) / Conpdy Sedetdy/ Cnief linmcial Officer for rhepurpose of reeiving all de complaims undd rhis Policy md dsuingappopriate &tion, In the fi$t istane. the Bodd shall appoi.r rhisOdbudspeson. The Board/Audit Comiuee shall have dr a honty tochmse the Onbud5pe6on ftoo tine to tihe

(d P.ot€cted Disclosrc : mcs my Nrntcn or anonymous comu etion(including .nail) mad€ in good faith fiat disclosB or d€monslnlesi.folmrio" lhar my evidene uelhisl or impoper acrivily

(h) Subjear neans a pe^on agaiat or i. @lation ro whon a ProtectodDisclosue hd ben made or elidence gahered dlring tne co!(e oa aninv4tigalion

(i) Wbislle Blower: nems s Enplole or a Dircclor malins a PrctetedDislosE uder this lolicy.

Iv Gsicllstli4jp!$l

To eaw that dlis Policy is adheed to. dd to 6sure lhat the concem will be rtedlpon seriously, the Conpdy will:

(a) EnsE l,\al rh€ Whislle Blower andor the pe6on prccdsitrg lne ProrectedDisclcue is not victinizd for doing so:

(b) Tiear victimianion d a sdious @u6 includi.g iniricting disciplinrryaction on such penod(s);

(c) E6re conplele confidendalits

(d) Not ltlempr !o @neal evidence of tne Prcrcted Disclos@i

AIIcB lEoucaton

(e) Tale disciplinarr acdon, if any one desmrs or @nceols evidence of thePoteted Disclosue daddto be node;

(0 P@vide m opponuiity ol being heud to tle pesons involved especially torhe subjecr

v S.99Es'

(a) This Policy h an extensior of the IL&FS Education Code of Conducl. Thewhistle Bloyeis role is dat of a eponing pady widr reliable informrion-They ae not requned or eipected !o act $ invBtigator o! tuden of facrs,nor would ln€y detemine the applopriate oftclive or rcnrdial action tharmay b€ wmmlcd h a giYcn case

(b) whistle Blow6 should not lcr on rheir oh in @nducting syinv6tigative acrivnis, nor do they hrve a right to pdticipate in myinv*tigative qctivities oder dm 6 equesled by the Chdmm of the AudnComtuee or the Invesiigotof

(c) hotdted DnclosuE will b€ appropriorely dall witn by $e ErhicsCounseUo! or the Chaimm of tnc Audit Colmitle, .s tne case mxy be

(d) Ttrc Policy coveB nalptuics md eve.rs which hNe tlken place/suspecled to bke plac. involving:

(i) Abuse or aurhority for personal Cain or obbining undue dv&tdgeor ro prevenr or deprile dother of its rights or b dre detriment of

(ii) NeCligence ausine subslstial dd specific dmgs to public h€alth

(iii) Nlanipulstion / uaudorircd u$ or disposal of conpmy

(iv) Fimci.l imgulrilies, including fraud, or supected lraud

(vi) Pilfention of goods, poperty, @nfidenliarploFierary infomarion

(vii) Delibente violarioo of lavrcculadon

(viii) watage/nisuppropdationof conpany6ftV6sets

(ix) BFach of employ@ Codc of Co.duct o! Rda

VI Eliclul!!:

A1l Employccs ard Dirc.to^ of$c Company arc cligiblc to matc thc PorcctcdDisclosurcs undcr rhc Poli.l. nr Protccrcd Disclosur.s Day bc in rclrtior ron.nes concehi.g lhe comF.y

VII Disoualificalions :

VIII Mann€r in sbich mnce.n on h€ ratsed:

(a) wlilc it will bc cnsurcd ftar gcnninc W*rlc Blowcrs trc accordcdonplere protectio. from r.y kind ofunfair tcrhe.r as hee,n ser out. anyxbuse oa lhh protecrioi will wrnant r dhcipl hry acrio.

Protecrion under thi\ Poli.y rvotrld nor nern trole.rion foh lhedisciplinary acrion dsins out or tu\e or bosus llleearions mlde by awbistle Blower knosing it to be tulse or bosus or wtlh n,nb rtde

However, rhe disciplinary.ction wonld be taken b$ed onrbe plnrciplcs ollnc naturrl jNticc and only aftd Civing tbc rcasonablc opponunity to drconcemed EmPloyee to be head

(d) w]lndc BIorvcs, who,ll!c dry korcctcd Dis.losunk, which lravc bccnsubs€que.ny bund ro be,,rr?f& or tnrli.ious or l\,histle Bloqe6 whonake the€ or nb€ Pmre.red Dis.losues, which have been subseqlentlyfound lo be frirolous, baeles\ or rcponed oderwise dan in good tuith. villbe disqualified fton rponing funher Prolecled DisclosuB under thisPolicy for a period or Six nonfts

wlistle Blower cm nrke Protecred Disclosurc to Onbudsp€Aon, a soonas possible but Dol later lhm 30 consecutive days.fter becoming apaE of

For rhe pu{ose of providing drc protectio. to rle Whhtle Blower. n ispefeded that lhe wlisde Blower should disclose his/her ide.lity in the

,.AllSFs Educalion

Any orher unerhical. bi$cd. tuvourcd. inFudenrevenr

Policy should nol be used in plac€ of the Conpatry CrcvdrceProcedurcs or bc a roNc for r.isnrg nnlicioN or u.foundcdallcgations ,gai.st collcreucs or supcrios

AIbFS I Educarion

covering lerci roNlrding such Protected Disclosre.

Potccrcd Dncbsurcs should bc reponed in {ridng (includins email) so asro cnsur€ a cled uddesrMding or the issues Ehed and should cithcr bcryped or writen in ! legible hrndMitins in Enelnh, Hindi or in rie regionalldguage offie place of employment of rhe wnistlc Blowcr. ,{hcmariv€ly.hotected Disclostres can aho bc rcponcd orally by leaving r voice nlil onthe following relephoN linc of $c conpmt Oel No. 0120 2,159200)lollowed by rcponnrg nrwiiting. oral €pons will nomallybe documentedby drc Ombudspeson b$ed on accessing lhe roice nrail by a wdttentdN&iption oi lhe oral epon and w ten repon

The Protected Disclosure should bc fosddcd u.der r Covenng Literwbich shaU plcfcrably bce dre idenfiy or lhe whisde Blowe. TheOnbudspeNodchannar of tu Audit Connnlee. !s the clse miy be shaUdchch thc Covcri.g Lerer Md fo dd only lhe Prctecred Disclosurc ro theIn\., igx oa In nvPJ gr on

(0

G)

ProtecEd Disclosues should be &chral.nd not speculativc oi nr thc naruroor ! @nclusion, md should contain ns nuch spccific nraornation aspo$ible ro allow for prcper .ss€s$nenr of thc narurc and cxtc.i of the

AU Prorected Disclosms conccni.g Flntudxl/Accounri.g dlues shouldbe addrcscd ro dc channd of thc Audn Connit€e of fte Company for

In respecr of aU oder Protected DisclosuEs, lhose conccming t!€cnployees al de levels of vie Preside s and above should bc addrcsscdro th€ chanhln of the Audit conmiltee of rlc conpmy dd Lhoseconeming o$er enploye* should be.ddrcsscd ro tu onbudspeson oa

Tn€ cont.ct dct.ils of the onrbudspeaon / Chlim.n of rhe Audit

Mi Anitabh Jain, CFO, OnbudspelsonNTBCL Buildin8, Toll Plm,DND Fllvay. Noida: 201 301, Utrar PrldeshEnail - jai..annabh@ilfsindi!.con

AIIcFS leoucation

Mr. Anind Malhorn. chanm , Audn comnireeNTBCL Building, Toll Plaza,DND Flywat, Noida: 20r 301, UttdPradeshE n!il [email protected]

(i) lf a Porcctcd Dnclosurc is rcccired by .ny Execntive of the Companyodrci fid ornbudspcrson / channan ol Audit Comntu€e. the same shouldbe ro dded ro the onbudspcrson or $c chaindr of the AuditConniuee for fuiner lpproprile rcrio.

(i) lf initial cnqnnies by $€ Onbudspe$on indicate lhlt the conceh hls nobxsis, or ir k nor a matrcrrobc investigatcd pursnanr to rhis Policy, it maybe dhnissed d thd st.gc and lhc dccnion shall bc docomenled aDdconnmicded to the whisne Bloso$hosc idc. ynknown

(k) $her initiol enquiies indicale thal tunner invenigdion is ne.essaty, thiswiu becaded thtuush eiderby lhe Onbudspdo. alone, oi by the AuditColmirtee. Th€ investisation would be conducted in a fan oanner, as aneutal fac!findins prosess and withour pFsumption of clilt or wrongdoine. A vrinen Epot ol lhe findinss would be nlde

(l) Nane offie wlristlc Blowcrshallnor bc dhcloscd io rfu Audit Conrnrirtee

(n) The Onbudsoe^o. / Audit connnbe sl'xll:

(t Mlke a dehiled w len rcord or the Protected Disclosurc. TbcEcord will include:

Whdri rc sa.E Protecled Disclosure vos rdsedpreliously by dyo.c, nnd if so, thc ou'conc tlErcol

wnerher Jn) Prore.re.l Dnclo.L.e q1. rrned f'ev:ouJ.asainst the slme Subject. ad ifso. the outcode dereori

IX Inv6rislion.

(.) AU Prctected Dnclosurcs eponed under dtis Policy lill be thoouelnyinv€srigat€d by the Ombudspe6on or Chdmm of the Audit Conmitee orrhc Conpmy who will invalis.te / oveNee the invdtisolions under the

Allc6 leoucaton

.uthorianion of rhe Audn codniree

Tle Chaimm of the Audit Conmntcc may ar bis discFtion. onsiderinvolvng idcm.l FnNtio.ycnDloyces d(Vor outside Investislton for lne

(c) The decision to conduct m in!€sigation t.!en by thc chairm.n or lheAudit Colmiltee is by itself not dr ac.usalon and h to be |realed a aneutal fac!findi"g proccss. Thc outcone ol the inre$igalion may notsuppon tho.onclusion ol rhe whisde Blover rhar an imprcper or unethical

The identity of a Subjecl

subjcct will nomally betbn.al iNesiigado. and

(c)

and thc Wlndc Blowm will be ket conrideniialgive. ttrc lcennnare needs oi law and fie

inlomed or lhe allegations at rhe ouhet of ahlve opponunnies for providing bisnrcr hputs

(0 SubFcl shrll hlve n duty ro co'operare wirh thc Onbudspeson/ chrimanof the Audit Comnntee or my of rbc llvciigatos durnrg $e investigationto the extent lhlt such co opemrion Nill nor conpronisc sell in.riminationprcleclions availablelo the Subj€cr udcr dr rpplicable laws

Subjat h.s a iigh ro .oDsulr *ith , pe*o. or pe^ons of hisAer choice.olhe! dru rhc OnbudspcBon / I.vesrielto6 a.a/or nembeN of the AuditComnittee d.yor rhe Wbisrle Blo{er,

Subje. ha trre.pon.ib.lirr norro inLerlere qith.hc in\cirgx 'o'

Evidence shdl not be withnek, dcstroycd or rampced wi$. add wnnessesshru not bc influc.ccd, .omhed. c@rced. dealened or intinidat€d by the

(j) Udlas therc arecompelling rqsoff nol to do so, Subjc.r willbe given $eopponunity to respond to matcrial findings co ained in d investisationEport. No .llegarion of wongdoing xgainn a Subjar shall be consideEd 6nannainable unl€ss the€ n m €vide.e in suppoat of the lue8alion

x

(l)

No u.fxir rcnrnc.r w'll be n€ted our ro a whisrle Blorver by vinue olhn,lu hrving reporcd a Proteded Disclostre undcr rhis Policy. ThcContany. a\ a policy. condenDs any knrd of dncrimi.arion. htrasncnt.viclifrizlrion or lny orher tr ai prncticc bche oprcd nSaine wlisrlcBlowe6. Conrplere pDtection will, rlmforc. bc eivcn ro rhc wlrisrleBlowes agninst Dy unfnir prncricc likc Ntaliari.n, rkei or intinidrrionoalemnnaliod$Npcnsion of scrvlcc, dis.iplind! &rio., trnster, denotbn,Efusal ol pomorio\ or thc likc n.luding rny d;ecl or indirecr use ofauthoiity ro obituct drc wlrinle Blorveas righl !o contjnue to pedorm hisduricvhu.lons nrludnrg mrking funh€r Prclecled Disclosores. TheConpany will rakc $cps ro minini^ difficullies. which the Whisde Blo*ermay cxpdion.e,s a r*uh ofmrkins rhc Prorecled Disclo$trc. Thus, if rhewbistle Blowd is required lo give evidence c ninal or discipli.artt(,.eedins!. lhe Complny will an.nse for rhc Wrnnc Blo*cL ro rc.civcrdlie.bour rhe ptucedure. etc

A Whirle BloNer nay repon aDy violarion of rhc xbovc clxuse ro theChainran ofthc Audn CoDnntcc, who shall inrcnigrb nb lhe srne.ndreconnend a suitable acrion ro rhc Ma.agcncnt

The idcntiry oftbc Whisrlc Blower shrll be kepr confide.rial to rhe extentpossiblc tud pcmirrcd uider lxw

Any odrcr Enployee rssistins in lhe said inve(isftion sblll .lso be

torected ro dre sade exFnt as the \hi$le Blower

lnveni!alo6:

l.vcstigato$ dc requned lo conducrnethodically hvesligatos shau deive thenAudit Comntee wheD acri.s withnr dc

trcl fnrdins and turalysisauthoiry drd riglrs fton tlc.ousc and scope ol rheir

AItcFS I eoucaton

Subjecs havc a right to bc hfonncd oldE odtcome of the i.vcstis ion. Ifallcgarions xrc not susraincd. rh. Subje.l should be consulted as to *berherpublic disclo\ure orde investisrlion Fsuhs would be in lnc bc$ intcrcst ofthe subjecr aod lhe coDpany

Tbc invciigario. shall bc conplered normlly*ilhin l0day\oflhe receiprof tho Pmrected Disclo\ut

Tp.l,n.rl r 'J

.,|}- F..' ' e. r') br J :qn I por' r nc!c..dJ ro x '!r 'cnl

AlteFS Eoucaton

the invesli8ntion. All Invcstiexto6 shall be indeFndent rnd unbiascd.IDrenig ors hvc a dury ot IrinEss. objecriyny, rhorcuelxrcss, dhi.albehavior, rnd observance or leell md prcfessioml $nndards

Investi8rtions will be launchcd only alicr a Peliminry Review by thcOmbrdspc^on / chxn.Dn ol rhe Audir Commi ee xs rbc c$c may bc.

(1i) tlE allcgation is suploned by lhe infonnition spcciic c.orgh ro bcinv€nigated or in cases *herc tic nllcgarioD is iot sutp.ned hyspecillc infomution, i is felt lh.t the conccnrd mr.r i5 woi.hy ofMlnlsement review. Povidcd rhar su.h inve{ielrion should beundenaken as tur invcnigntior of,n nnFoper or unethicrl rdivityorconduct

XII D€cision:

If an inrciiSatior lcnds rhc on$ud\F*on / Chlimran of rhe AMir coDnrnrc rocotrcludc dr.r m mpoJ)er or unerhicll ad has been connnirtcd. rhc Chrndrn .trfu Audn CoDnntee shrll ELlnrmend ro the Managcmc.r ol rJrc ContMy ro rakenrch discipllnxrJ' or..decrire !4ion !s rhe Chairmrn of thc r\rdit Conni(ee mydccm tir. ft is .lritied !hrt any disciplinary or cofLccrilc a.ro inirir|ed again\rrhc subject .: r esull oi |he findnres of an i.vcsigrlor Nrsu.nr to rhis Poticyshdl dlhere ro the applicrble pesomcl or naff condud lnd disciplinarypmcedurer r\ ler Lhe Disciplinary Policics ofr1r conpmt

XIII Remrlinq:

Tfu Onrbudspe*on shlll lubnn a repon lo thc Chnnmm oa dE AudnCo.Dritrcc on r qurnerly basis abour all Prorected Disclosutos tufer€d tohnn/rr sin.e lne llst repon togelhcr rvid drc rcsults ol invesrigalions. if

Audit Comniucc nr rud shrll subnir ! Epon b the Chanman of thc Boxrdon r ngule b$is.bout allProtected Disclo$trcs rcfcrrcd ro hin/her sincethe lrn relon bselher wilb the resul$ ofirvcsrig,lons. ifany

(()

rhe allesed act connnntcs ar lnrFop.r or unerhical lclivity or

Board of Dircro^ slnll dnclose lhe dekils ol rbe enablish'nc"r turdopcmtion of the Whisrle blosing and Vigil Mechmism in rhe Dne.rois

G)

AlhB lEducarion

)(lv Relention of d@unents :

All Proteded Disclosures in writinginvestigEtion relating lheeto shdl beperiod of eight yes or such pdiod d

or docntunted along with lne resulls ofelained by rhe compmy for a mininun

day be prescnbed undd applicable laws

The aompmJ moy atrnd or modity rhi, Polic) i1qhoe o'sdch mendnenr or nodifidrion :hall not atfd the on

By Order of ih€ BoddFor IL&FS Eduelion & T€cnnobg/ S€nic€s Limit€d

RCM ReddJ

DIN 01t060('3 DIN 00002386

Datq May 15,2017

Allc6 lEoucaton

ANNEXURE VII

RISK MANAGEMENT POLICY

0) tusk Mana8ement lniliative

Risk Mmagcncnt has bccn idcntihcd by drc Group Mmngcrncnt Bonrd (CMB) asDcvelopne.r of trrrneNork .Itd pfurice i. dre nrtrrntudure

business h pereived as ! high piority iequnement ar the Gloup level. Franewoftdocunents aF now in place to pDvide lhe platiorm for a more smNlar nte$alionol risk manasenent wnh orsanisalional proce$es

IL&FS Eduotion & Technology Scrviccs Linit d (IEIS) hrs been evaluaringrisks associared i..onnal.om€ ofbusi.ess. h bas a qell-docunenred p@cess aorthe puQose. The Noose or Lhis Menorandun is ro now mnscend o an InregialedRist Managedent Frane*ork on an enrerprise wide basis in tems of lbe decision

IETS Risk M.hagcn€ntorl

IETS tatcs on bord thc risk sclcdion, conccpudnarion drd delelopnc.i ofBusincss. IEIS pmposed to pur nr placc m ryproprirte Risk Ma.agemenrFrancwork, o. dre bais of abovc guidclincs by tbllowing a 5 lep me.hxnnmi

t2)(r)

(5)

(r)

Risk ldentifi.ation & cltegorisltion

Risk Manasemenl Plan (RMP)Risk Superyision/ Monito.ins, reviev & Reponins

IEIS Rhk Mlnxgeme.t Stategy is founded on de lolloring principle''Insurc the inflt4ble nsk Ttunsfer the omslercble risk to cauner partiesbest equipped to nanaae ch nsk hnplenan efe.live risk rtitigationneasures bas.d on orr erpethe & etpeienc. ta nanase tle noh -

L2) Risk ldenlifi@r ion & Cateeorisalion

AII$F5 | Education

(a) The f6t step shall involve id€nlifyiS dr€ vdious risk asociatedwith l,\e prcj€cl at vdious slages. Risb snall be categorised in ro the

r Extemal Risks. Strategic lisks. Pevenr2ble Risks

(b) To qpturc the qualitative distinction between lisk tr?€s, a 3 waycalegorization is prcposed as folloss:

Exiemd Risks are ris*s disi$ from tle ciomhreswhich @ our or $e conLsl or lhe orgsierion

Risks beyond i.fluence ud @nL$|, e* ndumlc.lanities, political dsk or Mar*ei Riskj Sone of rheseon be he4ed or lnnsfered rkough insumnce.Mma8en.nr d $s hbhcd lcvel @ds ro minrdn acdnsh warch fo. € ysiSnsofisk

Good examptes of exremt riks e changes inaov.mmnt lqhldion, chanS$ in shcSy frcn snior@nagec ano ne econony

Rh*s volDdily asumd in oider to genede superiorttms; $es 4 nor inheErtly undesiFble. and lquiE. high lcvel of involveft of Senior Mm8eftnr mdBard in $ni.g lhe optinum level oi risk to b€rsunsd, rhile ndnhini$ prepr€dness in c& lne

Busine$ Envno.ftnt Buyec dd sellqs inleGctins robuy and sell eoods md sedi6 chdgcs in supply mddetud, codp.tirive sdcr!rcs dd inL$ducrion ofne*

They ac Lhc risks lsdrcd with rhe operarions or Uurpaniculd indsty. Thes kind of risks &ie fron

Ttuecrion: Asds €leatio. of me.sets andacquisition$ spin'ofis, allian6and joi venuEs.

Invdror R.lations: Stfttegy tor comunicding widindividuils who have invesbd in rhe b6inss.

All6A I Educarion

Risks whi.h fte lrgely conrolrrbre rnd mun beeliminded: .hesc El.rc

'nainly ro rcurine opedrional

pces*s, rnd mu$ be nrnagcd wirhin modcr.tcrolcnncc limirs. These risks cm br conrolled rhmugh

For Erlmple All oremiations ficc .cdrb incn.lrisks $rt are preventrble when idenrified cotrsdyPrevent$le rsks includc rh. uncrhicrl or illcgil rG ol

o. empl.),ees, rho knoln ashunan rhk. or r btoakdosn in opemtioml synens orpmeses comprnies enabhsh a rolcrance hvcl for.rcI typ]: of idcd.lrisk $ enors rre likely to (cur rtsome point 'r tl'e busines Lilc cycLc. Ho*cvcr.iron!.oaonto lorcmnce policrotr(o.ine ofopcnrion pr{edurus r$isr in rudu.in8or climindin! rhe d.ren.e of prevenhble risks

(c) At de rihe of rssle$tion lhe above major rnks would bc fuithcrcaregorized as follows:

(r) A Rnk Scoring cxmise shall be cldied oui for sizing udprioririzdion or rhks. The Risk ScoE to be worlGd o( based onfollowing leo dinensions:

r Probabih, or Likelihoo!

Alls$ | eoucaton

(b) E$indion of Likelihood md Imp.cr ol ea.h risk lo be ceied olrby the Business Eead dd Risk Head tlftugh o boad b6edometuus plocess @nsidsing inlo acout impact on allslalcholders of the Busincss

The poducr of the Impacr & Probabihy s@res shou be qlculatedlo mive at th€ Risk Scorc. &ch risk shall rhen be rated into Eigh,Modente and LoN based on a fiied set of c eia

(d)

HiBn25

s a

9

8

5

AII6S I Educarion

(tl

Likelihood of Occurren&

).

(4r RiskMan,gem€nt Pl.n (RMPj:

(!) Having idemincd dd qnmtified the risks,lhis proess brcadlyinvolves Risk Mnigltion plming & its lmplenentation as d€tailed

. Conducting Root C,Be Analysis for all th€ idedifi€d lisksThis will involvc fi.diry oul the €ntny/conponentBponsible due lo which the risk is prcscnt in tnc Prcjel. B yfcusins on oot auses. poblen i€curencc ce be

High

l-

Alhfs J Educ€rion

DevelopinS Risk Vir8.non mer,m, - rs $e prcces ofdeveloping oplions dd actio.s to ennde opponunitid mdredue dwrh rh,r l.a\e b.en idd' ned. Nor all ri\ks aravordrb e: hen!., $e n* n rg

nioimizing the Risk S@re (i.e. Likelihood & the ldprct of

h developing nitigation nqsues, the possibility ofexremalizing risk should be a key cosidemtion thlt include

Expenise ovailoble in other parts of th€ II-&FS GroupInsumce solutio.s typically for uncontrollablc iisks

Inplenedation of the cbove deosuE - The idenlifiedmeslre. shouJ $m be implemenkd for oll idenrified

' ht!

tnat tould dentually help minimizins the Risk ScoE

(b) Fomar of Risk Regisrer for each Prcject nay be as helow:

. Risk Sub CatcgoryI Furction/Bnsims Unn. Sub-Funcriod pracice

. Curent Midgadon Pls

. E\islence Milieatior Plm

. Tinclin, Freque.cy

Rbk Supenision / Moniroring:

Tt'e RMP will equn€ rcglld supeNision ed periodic eview if irh$ to ehoin rclevml. The pnmary obj4tiv6 of nsk no.iiorirg

. Systmaticdly tr&k the identified risks

(t

AIIcFS eoucaton

capture lesso.s lelmed lor future risk $sessnrent and

Rcvicw of Complidr.c wnh reg,rd lo ldequlcy ofnntignt io.s ncfi ioncd nr dE Registen

This proce$ *illconrinue for the lile ofthe Busincs bccrnsc rnLsre dynanic. The li$ of risks nnd nssocintcd risk .r.n.gcmcntslratesies *iU likely chntree as tbe projcct raturcs and ncw nsksdevelop or anticip cd isks disappcd. Hrlf ,edl! data le\ting ro

-..... rlc I ll'I'ood .ld -..fJc' o'e.\ 'i t unJ !hJn!e, innitigatio. erarcgios based on the ne* risk identified by theBusiness Hexd enh lhe help ofthe RiskTean

Elch RiskResister is to be fonnally rcvicivcd by rhc Praclcc Hc.d.Business Hcad Dd CFO a.d would be run in close inrerx.rionLnd.rg.rd-r.o .h| ll dFr R nlp'r & l rrJl AuJ. o'

(c)

Mturxgcncd (MD. cFo.

Fomal Rdtonins ol all the chanses amurlly to tbe lET SAudir Connirlde & BoaldReview& Appovrl

(lll) The Risk Mana8emenl F.amewo.k shall .pply .oos lhe busines canvas .fIITS includinB ils sub\idiar'€\ and asmiale conprn is

By O.der ot lhe BolrdFor IL&FS Eduqlion & T€chnology Sertices Linil€d

DIN 00002386

(d) Rcporli.g ol lhc Risk Rcgnt^. Quaderly Reponing ofexceptions

Busirc$ Head & Risk lleadt Forn.l Half Yedy rcponnrg ro

tusk Hcad & Busnrcss Hcd)

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IL&FS Education & Technology Services Limited … · 7. IL & FS Transportation Networks Limited...

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Transcript of IL&FS Education & Technology Services Limited … · 7. IL & FS Transportation Networks Limited...