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Mirae Asset Mutual FundAnnual Report 2014-15

Board of Directors

Mirae Asset Trustee Company Private Limited

Mr. V. B. Haribhakti Chairman (Independent)

Mr. S. T. Gerela Director (Independent)

Mr. K. Ramasubramanian Director (Independent)

Mr. M. L. Soneji Director (Independent)

Mirae Asset Global Investments (India) Private Limited (AMC)

Mr. B. N. Chakraborty Director (Independent)

Mr. Yogesh Chaddha Director (Independent)

Mr. Jisang Yoo Director (Associate) & Chief Executive Officer

Mr. Thomas Jefferson Park Director (Associate)

Sponsor:Mirae Asset Global Investments Company LimitedRegistered office: East Tower 18F, Mirae Asset CENTER 1, 67 Suha-dong, Jung-gu, Seoul, KOREA 100-210

Asset Management Company:Mirae Asset Global Investments (India)Private Limited Registered & Corporate Office: Unit No.606, Windsor Building, Off. C.S.T. Road, Kalina, Santacruz (East),Mumbai - 400 098.CIN: U65191MH2007FTC170231

Custodians:Standard Chartered Bank23-25 Mahatma Gandhi Road, Fort, Mumbai - 400 001.

Deutsche Bank AG, Sir Hazarimal Somani Marg, Fort, Mumbai - 400 001 (appointed in place of Citibank NA with effect from July 06, 2015)

Statutory Auditor:Chokshi & Chokshi15/17, Raghavji ‘B’ Bldg., Gowalia Tank, Off. Kemps Corner,Mumbai - 400 036.

Registrar & Transfer Agent:Karvy Computershare Private LimitedKarvy Selenium, Tower B, Plot No. 31 & 32, Financial District, Gachibowli, Hyderabad - 500 008, India.

Trustee:Mirae Asset Trustee Company Private Limited

Registered Office: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai - 400 098.

MIRAE ASSET MUTUAL FUND BRANCH OFFICES -

l Ahmedabad-201, 2nd Floor, Abhijeet - I, Mithakhali Circle, Near HDFC Bank, Ahmedabad - 380009. Tel-079-44227777. l Bangalore-Unit Nos. 308, 2nd Floor, Prestige Meridian-II, No.30, M.G. Road, Bangalore - 560001. Tel-080-44227777 l Chennai-Premises No. 206, Challa Mall, 11 -11 A, Sir Theyagaraya Road, T. Nagar, Chennai - 600017. Tel-044-44227777. l Kanpur-1st Floor, Shop No.111, KAN Chambers, 14/113, Civil Lines, Kanpur, Uttar Pradesh - 208001. Tel-0512-6510007.l Kolkata-Krishna Building, Room No.510, 5th Floor, 224 A J C Bose Road, Beck Bagan Junction, Kolkata - 700017.Tel-033-44227777. l Mumbai (Corporate Office)-Unit No. 606, 6th Floor, Windsor Bldg., Off. CST Road, Kalina, Santacruz (E), Mumbai - 400 098.Tel-022-67800300. l New Delhi-Office No.1010, 10th Floor, Indraprakash Building, 21 Barakhamaba Road, Connaught Place, New Delhi - 110001. Tel-011-44227777. l Pune-74, 4th Floor, Sreenath Plaza, Dnyaneshwar Paduka Chowk, F C Road, Shivaji Nagar, Pune - 411005. Tel-020-40177300.

Dear Investor,

Mirae Asset Mutual Fund recorded an impressive growth of more than 130% in AUM in FY’14-15 and has continued its strong show in the first quarter of FY’15-16. The AUM of the AMC crossed Rs. 2,000 crores and now stands at Rs. 2,130 crores (as on June 30, 2015). The overall Mutual Fund Industry AUM has been growing by 25-30% during the same period. Mirae Asset Mutual Fund has now been recognized as one of the fastest growing AMC by market participants.

The strong increase in AUM has seen our flagship funds Mirae Asset India Opportunities Fund (which completed 7 years in April 2015) and Mirae Asset Emerging Bluechip Fund (which completed 5 years in July 2015) cross important AUM milestones. The AUM of these funds is now close to Rs. 1,200 crores and Rs. 800 crores respectively as on June 30, 2015. We have also now starting seeing some flows into our fixed income funds.

We are committed to follow our Core Value of “Client First”. The fund house continues its endeavour to generate risk adjusted performance for its investors. The growth in assets has been driven by the fund performance displayed by its equity schemes. Our flagship equity scheme, Mirae Asset India Opportunities Fund has outperformed its benchmark S&P BSE 200 by close to 10% while Mirae Asset Emerging Bluechip Fund outpacing its benchmark CNX Midcap by close to 20% during the same period (June 30, 2014 - June 30, 2015). The Fund house has also rewarded its investors by declaring 6th consecutive dividend in Mirae Asset India Opportunities Fund (based on financial year) and 3rd dividend in Mirae Asset Emerging Bluechip Fund. Our Investor folio count has crossed 1 lakh mark and has nearly doubled in the last 1 year. Mirae Asset SIP book has seen more than 150% increase in the last 1 year and now is almost 45% of the folio count. We have redesigned the Mirae Asset India website and enhanced our online transaction through the website to make it more user friendly and provide ease of navigation. We continue to update our investors on our funds, markets and important events and also share insightful articles on investor education through our Mirae Asset Knowledge Academy.

On the distribution front too, Mirae Asset India has taken steps and has tied-up with some of the best names in the distribution domain. The fund house has ensured a prudent mix of distribution partners from IFAs (currently around 6,000 IFA distributors empanelled), Banks and National distributors. This has ensured that the distribution model is de-risked as well as equipped to take advantages of market opportunities. With both the flagship funds achieving important AUM and performance track record milestones, it will make them eligible for qualification by many leading banks and wealth outfits, which may help in faster AUM growth in the next financial year. We continue to engage with all our partners to grow the business and we have launched an exclusive website to help them grow the business.

Mirae Asset Mutual Fund is working on leveraging its global presence to raise funds from foreign investors in Mirae Asset Funds and for providing advisory services. With our domestic funds exhibiting robust performance track record, Mirae Asset Mutual Fund is trying to get institutional mandates as well.

We have launched an asset allocation based equity oriented scheme called Mirae Asset Prudence Fund in July this year and we hope to add another equity fund before year end.

As we embark our journey into the new fiscal, we aim at a high octane year of growth through a combination of unique products and performance for the investors. Our goal in the long term is to become one of major players in the Indian Mutual Fund Industry with a complete product basket across asset classes and deliver risk adjusted returns to our investors.

Thanking you,

Yours sincerely,

Jisang Yoo Chief Executive Officer

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TRUSTEE REPORT OF MIRAE ASSET MUTUAL FUND FOR THE YEAR ENDED MARCH 31, 2015.

Dear Unit holder,

The Trustee Company presents its Eighth report and the audited financial statements of the Schemes of Mirae Asset Mutual Fund (the “Fund”), for the year ended March 31, 2015.

MIRAE ASSET MUTUAL FUND

As of March 31, 2015, Mirae Asset Global Investments (India) Pvt. Ltd., Asset Management Company (the AMC) managed 8 schemes of Mirae Asset Mutual Fund. The break-up of the schemes are 4 open-ended equity schemes, 1 open-ended fund of funds scheme and 3 open-ended liquid / debt schemes. The AMC also managed one close ended fund viz. Mirae Asset Fixed Maturity Plan - Series I - 368 Days which got matured in February 2015.

Among the key achievements, Mirae Asset Mutual Fund recorded an impressive growth of 136% in FY 14-15 with the Assets Under Management (AUM) growing from Rs.787.91 crores (as on 31st March, 2014) to Rs. 1,858.46 crores (as on March 31st March, 2015). The overall Mutual Fund Industry AUM grew by 30% during the financial year 2014-15. We have also seen some flows into our fixed income funds.The above incremental growth in assets has been driven by fund performance displayed by its equity schemes. The performance has been equally encouraging with our flagship equity scheme, Mirae Asset India Opportunities Fund outperforming its benchmark S&P BSE 200 by 15.06% while Mirae Asset Emerging Bluechip Fund outpacing its benchmark CNX Midcap by 16.97% during the same period. Both the Mirae Asset India Opportunities Fund and Mirae Asset Emerging Bluechip Fund have received various recognitions from leading publications and rating agencies. Both the funds have achieved important AUM milestones, which will make them qualified to be sold by many leading banks and wealth outfits, which may help in faster AUM growth in the next financial year. Our investor folio count currently stands at 98,938 (as on 31st March, 2015) way above than the 56,806 folios as on 31st March 2014. Mirae Asset SIP book stands at 43,957 accounts (as on 31st March, 2015) with a staggering 173% growth since March 2014 where the count stood at 16,098.The Fund house also declared dividends under its various equity schemes as highlighted below. It was the 6th consecutive dividend in Mirae Asset India Opportunities Fund (financial year wise).

Fund Name Dividend Amount (Rs. per unit) Record Date

Mirae Asset India Opportunities Fund-Regular-Dividend 1.60 13/02/2015

Mirae Asset Emerging Bluechip Fund-Regular-Dividend 1.80 08/12/2014

Mirae Asset India China Consumption Fund - Regular-Dividend 2.00 18/03/2015

Past Performance is no guarantee of future results. Scheme Performance, Future Outlook and Operations of the Schemes

1. PERFORMANCE AND OPERATIONS OF THE SCHEMES:(I) MIRAE ASSET INDIA OPPORTUNITIES FUND (MAIOF), an open ended equity oriented scheme

The performance of Mirae Asset India Opportunities Fund as on 31st March, 2015 is as follows:

Particulars Since inception 1 year 3 years 5 years

Regular Plan - Growth Option 18.32% 46.99% 26.06% 17.58%

Benchmark Index - S&P BSE 200 9.31% 31.93% 17.89% 9.96%

Date of allotment April 04, 2008

Direct Plan - Growth Option 28.70% 48.35% - -

Benchmark Index - S&P BSE 200 17.87% 31.93% - -

Date of allotment January 01, 2013

Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.

The Scheme has always outperformed the benchmark returns over 1 year, 3 years, 5 years and since inception returns. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Auto, Cements, Consumer Durables, Petroleum Products, Banks and Finance sector. Also, the performance over 5 years and since inception continues to be healthy.

The details of the dividend declared by the fund during the financial year 2014-15 are as follows:

Scheme Description NAV per unit March 31, 2015

Dividend Per Unit (in Rs.)

INDIVIDUAL NON INDIVIDUAL

Mirae Asset India Opportunities Fund - Regular - Dividend Plan 18.081 1.6 1.6

Mirae Asset India Opportunities Fund - Regular - Growth Plan 32.427 NA NA

Mirae Asset India Opportunities Fund - Direct - Dividend Plan 24.685 NIL NIL

Mirae Asset India Opportunities Fund -Direct - Growth Plan 33.14 NA NA

NA - Not Applicable

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8th Annual Report 2014 - 2015

The fund investment philosophy is to invest across sectors in quality companies which could deliver decent growth. The year was challenging for markets, and the fund focuses on bottom up approach for stock picking in an endevour to generate consistent outperformance over the benchmark. The investment strategy is focused on high quality businesses, which can withstand current domestic and global headwinds.

The net assets of Mirae Asset India Opportunities Fund stood at Rs. 1178.94 Crores as at March 31, 2015 as against Rs. 413.59 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 98.91% was invested in equity shares, 0.82% in mutual fund units and balance in CBLO.

The Scheme has flexibility to invest between 65% to 100% of its net asset in Indian Equities and Equity Related Securities and upto 35% of its net assets in Money market instruments/debt securities Instruments (Including upto 25% of corpus in securitized debt). The exact mix of equity and debt is a function of equity market valuation and outlook, interest rates and the outlook for the same.

(II) MIRAE ASSET EMERGING BLUECHIP FUND (MAEBF), an open ended equity fund

The performance of Mirae Asset Emerging Bluechip Fund as on 31st March, 2015 is as follows:-


Regular Plan - Growth Option 25.47% 70.38% 36.18% -

Benchmark Index - CNX Midcap 9.95% 50.96% 19.00% -

Date of allotment 9th July, 2010


Benchmark Index - CNX Midcap 20.21% 50.96% - -



The Scheme has always outperformed the benchmark returns over 1 year, 3 years, 5 years and since inception returns. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Cement, Banks, Consumer Durables & Finance Sector. Also the performance since inception continues to be healthy.





Mirae Asset Emerging Bluechip Fund - Regular - Dividend Option 22.637 1.8 1.8

Mirae Asset Emerging Bluechip Fund - Regular - Growth Option 29.244 NA NA

Mirae Asset Emerging Bluechip Fund - Direct - Dividend Option 27.352 NIL NIL

Mirae Asset Emerging Bluechip Fund - Direct - Growth Option 29.938 NA NA

NA - Not Applicable The fund investment philosophy is to invest across sectors in high-quality scalable mid-sized companies which could deliver decent growth. The year was challenging

for markets, and the fund focuses on bottom up approach for stock picking in an endevour to generate consistent outperformance over the benchmark. The investment strategy is focused on high quality businesses, which can withstand current domestic and global headwinds.

The net assets of Mirae Asset Emerging Bluechip Fund stood at Rs. 779.82 Crores as at March 31, 2015 as against Rs. 230.54 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 99.10% of the net assets were invested in equity shares and balance in CBLO and others.

The Scheme has flexibility to invest between 65% to 100% of its net asset in Indian Equities and Equity Related Securities of companies, which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment; upto 35% of its net assets in Other Indian Equities and Equity Related Securities and; upto 35% of its net asset in Money market instruments (including CBLO)/debt securities Instruments (Including upto 20% of corpus in securitized debt). The exact mix of equity and debt is a function of equity market valuation and outlook, interest rates and the outlook for the same.

(III) MIRAE ASSET INDIA-CHINA CONSUMPTION FUND (MAICCF), an open ended equity oriented scheme The performance of Mirae Asset India-China Consumption Fund as on 31st March, 2015 is as follows:-


Regular Plan - Growth Option 22.24% 45.22% 26.78% -

Benchmark Index - S&P India & China weighted Index 19.69% 28.25% 21.58% -

Date of allotment 29th March, 2011


Benchmark Index - S&P India & China weighted Index 19.79% 28.25% - -



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The Scheme has always outperformed the benchmark returns over 1 year, 3 years, 5 years and since inception returns. The Scheme had outperformed its benchmark on 1 year basis majorly due to Selection in Indian Stocks especially in the Sectors of Consumer Discretionary, Consumer Staples, Energy and Materials.





Mirae Asset India-China Consumption Fund - Regular - Dividend Option 16.335 2.0 2.0

Mirae Asset India-China Consumption Fund - Regular - Growth Option 22.367 NA NA

Mirae Asset India-China Consumption Fund - Direct - Dividend Option 22.897 NIL NIL

Mirae Asset India-China Consumption Fund - Direct - Growth Op-tion 22.929 NA NA

NA - Not Applicable

The fund philosophy is to capitalize on long term secular theme related to consumption trend in India and China. The focus has been on secular and scalable businesses which would benefit from changing demographics, rising aspiration and other consumption related themes.

The net assets of Mirae Asset India-China Consumption Fund stood at Rs. 37.25 Crores as at March 31, 2015 as against Rs. 19.89 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 92.55 % of the net assets were invested in equity shares, 6.04% in ADR and balance in CBLO.

The Scheme has flexibility to invest between 65% to 90% of its net asset in Indian Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand; upto 10% to 35% of its net assets in Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand and; upto 25% of its net asset in Money market instruments (including CBLO) / debt securities Instruments and/or units of debt/liquid schemes of domestic Mutual Funds. The exact mix of equity and debt is a function of equity market valuation and outlook, interest rates and the outlook for the same.

(IV) MIRAE ASSET GLOBAL COMMODITY STOCKS FUND (MAGCSF), an open ended equity fund

The performance of Mirae Asset Global Commodity Stocks Fund as on 31st March, 2015 is as follows:


Regular Plan - Growth Option 0.96% -11.07% -4.01% -2.32%

Benchmark@ 0.64% -6.07% -7.85% -3.90%

Date of allotment August 20, 2008

Direct Plan - Growth Option -6.80% -10.20% - -

Benchmark Index@ -11.33% -6.07% - -



@ Benchmark Index: S&P PAN Asia Large Midcap Commodity and Resources Capped Index.

The Scheme has outperformed the benchmark for since inception returns. For 1 year returns the Scheme has underperformed the benchmark and for 3 and 5 years returns The Scheme had underperformed its benchmark on 1 year basis majorly due to Stock Selection in Australia and South Korea, non-presence in about 10% of benchmark stock countries due to high cost of trading and some impact due to slight under Allocation in the Indian Market. However, the performance over 5 years and since inception continues to beat the benchmark.





Mirae Asset Global Commodity Stocks Fund - Regular - Dividend Option 10.654 NIL NIL

Mirae Asset Global Commodity Stocks Fund -Regular -Growth Option 10.654 NA NA

Mirae Asset Global Commodity Stocks Fund - Direct - Dividend Option 10.783 NIL NIL

Mirae Asset Global Commodity Stocks Fund - Direct - Growth Option 10.829 NA NA

The Fund offers investors access to commodity as an asset class by way of investments into commodity stocks of leading global companies involved directly or indirectly with the commodities business. The fund primarily invests in stocks in Asia Pacific markets and emerging markets thus offering investors an avenue to diversify beyond local boundaries.

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The net assets of Mirae Asset Global Commodity Stocks Fund stood at Rs. 8.98 Crores as at March 31, 2015 as against Rs. 13.15 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 99.28 % of the net assets were invested in equity shares and balance in CBLO.

The Scheme has flexibility to invest between 65% to 100% of its net asset in Asia Pacific and/or Emerging Markets Equities and Equity Related Securities (excluding Indian equities and equities related securities) of companies that are engaged in commodity and commodities related sectors/sub sectors/ industries; upto 35% of its net assets in Indian Equities and Equity Related Securities, including but not limited to those that are engaged in commodity and commodities related sectors/ sub sectors/industries and; upto 35% of its net asset in Money market instruments/debt securities Instruments (including upto 25% of corpus in securitized debt). The exact mix of equity and debt is a function of equity market valuation and outlook, interest rates and the outlook for the same.

(V) MIRAE ASSET CHINA ADVANTAGE FUND (MACAF), an open ended fund of funds scheme

The performance of Mirae Asset China Advantage Fund as on 31st March, 2015 is as follows:-



Benchmark Index - MSCI China (INR) 7.82% 25.36% 14.66% 9.23%

Date of allotment November 05, 2009


Benchmark Index - MSCI China (INR) 12.32% 25.36% - -



The Scheme has always outperformed the benchmark for since inception returns and 5 years, whereas over 1 year and 3 years the Scheme has underperformed the benchmark. For Direct Plan - Growth Option, the Scheme has always underperformed the benchmark The Scheme had underperformed its benchmark on 1 year basis due to sharp liquidity driven rally where many stock moved up without much improvement in underlying businesses. However, the performance over 5 years and since inception continues to be healthy.





Mirae Asset China Advantage Fund - Regular - Dividend Option 15.119 NIL NIL

Mirae Asset China Advantage Fund - Regular - Growth Option 15.119 NA NA

Mirae Asset China Advantage Fund - Direct - Dividend Option 15.354 NIL NIL

Mirae Asset China Advantage Fund - Direct - Growth Option 15.370 NA NA

The fund gives investors an opportunity to invest in China companies with high investment potential. The emphasis on market leaders gives the fund a bias towards large/mid-cap names. Fund is positioned to take advantages of the growth opportunities related to the secular and structural changes in China.

The net assets of Mirae Asset China Advantage Fund stood at Rs. 19.55 Crores as at March 31, 2015 as against Rs. 26.57 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 99.98 % of the net assets were invested in equity shares and balance in CBLO and others.

The Scheme has flexibility to invest between 80% to 100% of its net asset in Units of Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong; and upto 0% to 20% in Money market instruments/debt securities Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.

(VI) MIRAE ASSET CASH MANAGEMENT FUND (MACMF), AN OPEN ENDED LIQUID FUND

The performance of Mirae Asset Cash Management Fund as on 31st March, 2015 is as follows:-



Benchmark Index - CRISIL Liquid Fund Index 7.49% 8.98% 8.89% 8.26%



Benchmark Index - CRISIL Liquid Fund Index 9.11% 8.98% - -



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The Scheme has marginally underperformed the benchmark over 1 year, 3 years, 5 years and since inception returns The Scheme underperformed its benchmark due to Underweight on high yielding Commercial Papers and Overweight on Certificate of Deposits, however the fund’s credit quality is better than the benchmark index.

The scheme is meant for investors to deploy their funds for a short period of time. The intention is to offer superior returns at lower level of risk while maintaining the liquidity profile.

The details of the dividend declared by the fund during the financial year 2014 -15 are as follows:




Mirae Asset Cash Management Fund - Regular - Daily Dividend Plan 1056.9340 62.8143 59.2816

Mirae Asset Cash Management Fund - Regular - Weekly Dividend Plan 1143.8779 67.2815 63.4879

Mirae Asset Cash Management Fund - Regular - Monthly Dividend 1143.9672 67.6808 63.8750

Mirae Asset Cash Management Fund - Regular - Growth 1477.5816 NA NA

Mirae Asset Cash Management Fund - Direct - Daily Dividend 1065.9672 65.2523 61.5694

Mirae Asset Cash Management Fund - Direct - Growth 1483.8273 NA NA

Mirae Asset Cash Management Fund - Direct - Weekly Dividend 1195.6297 68.3229 64.4594

The net assets of Mirae Asset Cash Management Fund stood at Rs. 65.45 Crores as at March 31, 2015 as against Rs. 20.52 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 97.04 % of the net assets were invested in money market and balance in CBLO and others.

The Scheme has flexibility to invest between 20% to 100% of its net asset Money Market Instruments (including Cash, Reverse Repo, CBLO) MIBOR & MIBOR linked instruments; and upto 0% to 80% in Debt Instruments with residual maturity and repricing tenor upto 91 days only.

(VII) MIRAE ASSET ULTRA SHORT TERM BOND FUND (MAUSTBF), an open ended debt fund

The performance of Mirae Asset Ultra Short Term Bond Fund as on 31st March, 2015 is as follows:-



Benchmark Index - CRISIL Liquid Fund Index 7.67% 8.98% 8.89% 8.26%

Date of allotment March 05, 2008


Benchmark Index - CRISIL Liquid Fund Index 9.11% 8.98% - -



The Scheme has marginally underperformed the benchmark over 1 year, 3 years, 5 years and since inception returns. The Scheme underperformed its benchmark as it had lower average maturity and due to Underweight on high yielding Commercial Papers and Overweight on Certificate of Deposits, however the fund’s credit quality is better than the benchmark index.

The scheme is meant for investors to deploy their funds for a short period of time. The fund will be managed according to the investment objective, thereby seek to generate reasonable returns commensurate with low risk. The scheme will invest in money market and other debt securities and shall maintain high liquidity for the purpose of meeting the liquidity requirements of the investors.

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Mirae Asset Ultra Short Term Bond Fund - Regular - Growth 1470.3081 NA NA

Mirae Asset Ultra Short Term Bond Fund - Regular - Monthly Dividend 1404.8496 NIL NIL

Mirae Asset Ultra Short Term Bond Fund - Regular - Daily Dividend 1401.4780 NIL NIL

Mirae Asset Ultra Short Term Bond Fund - Regular - Weekly Dividend 1401.3832 NIL NIL

Mirae Asset Ultra Short Term Bond Fund - Institutional - Growth Option 1240.0925 NA NA

Mirae Asset Ultra Short Term Bond Fund - Institutional - Dividend Plan (Quarterly) 1037.9939 59.2856 55.9330

Mirae Asset Ultra Short Term Bond Fund - Institutional - Monthly Dividend 1081.3006 54.3839 51.3224

Mirae Asset Ultra Short Term Bond Fund - Institutional - Weekly Dividend 1102.5418 55.2421 52.1288

Mirae Asset Ultra Short Term Bond Fund - Institutional - Daily Dividend 1013.6682 54.6104 51.5306

Mirae Asset Ultra Short Term Bond Fund - Direct - Growth 1259.6104 NA NA

Mirae Asset Ultra Short Term Bond Fund - Direct - Quarterly Dividend 1060.6572 66.4107 62.6453

Mirae Asset Ultra Short Term Bond Fund - Direct - Daily Dividend 1140.0232 NIL NIL

Mirae Asset Ultra Short Term Bond Fund - Direct - Weekly Dividend 1225.4682 NIL NIL

The net assets of Mirae Asset Ultra Short Term Bond Fund stood at Rs. 34.83 Crores as at March 31, 2015 as against Rs. 20.97 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 41.46 % of the net assets were invested in money market instruments, 58.44% in CBLO.

The Scheme has flexibility to invest between 50% to 100% of its net asset in Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year; and upto 50% in Debt Instruments with residual maturity and repricing tenor exceeding 1 year* (including Securitized Debt upto 50% of net assets).

(VIII) MIRAE ASSET SHORT TERM BOND FUND (MASTBF), an open ended debt fund

The performance of Mirae Asset Short Term Bond Fund as on 31st March, 2015 is as follows:-



Benchmark Index - CRISIL Short Term Bond Fund Index 7.85% 10.33% 9.40% 8.31%

Date of allotment August 03, 2009


Benchmark Index - CRISIL Short Term Bond Fund Index 9.43% 10.33% - -



The Scheme has always outperformed the benchmark returns over 1 year, 3 years, 5 years and since inception returns. The Scheme underperformed its benchmark as it had lower average maturity and due to underweight on high yielding Commercial Papers and Overweight on Certificate of Deposits, however the fund’s credit quality is better than the benchmark.

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Mirae Asset Short Term Bond Fund - Regular - Growth 14.1593 NA NA

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend 12.5349 0.7303 0.6888

Mirae Asset Short Term Bond Fund - Regular - Monthly Dividend 10.2837 0.5664 0.5343

Mirae Asset Short Term Bond Fund - Regular - Weekly Dividend 10.3720 0.5167 0.4878

Mirae Asset Short Term Bond Fund - Direct - Growth 14.3666 NA NA

Mirae Asset Short Term Bond Fund - Direct - Quarterly Dividend 13.9613 NIL NIL

Mirae Asset Short Term Bond Fund - Direct - Weekly Dividend 12.1990 NIL NIL

The fund seeks to generate returns through investments in a range of debt and money market instruments of various credit ratings with a view to delivering consistent returns while maintaining an optimum balance of yield, safety and liquidity.

The net assets of Mirae Asset Short Term Bond Fund stood at Rs. 4.88 Crores as at March 31, 2015 as against Rs. 15.60 Crores as at March 31, 2014 and out of the total net assets as on March 31, 2015, 82.70 % of the net assets were invested in money market instruments, 19.07% in CBLO.

The Scheme has flexibility to invest between 20% to 100% of its net asset in Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 18 months; and upto 80% in Debt Instruments with residual maturity and repricing tenor exceeding 18 months.

(XI) MIRAE ASSET FIXED MATURITY PLAN - SERIES I - 368 Days (MAFMP-I), a close ended Income fund

The performance of Mirae Asset Fixed Maturity Plan - Series I - 368 Days on the date of maturity i.e. February 23, 2015 is as follows:-


Regular Plan – Growth Option 9.44% - - -

Benchmark Index - CRISIL Short Term Bond Fund Index 10.48% - - -

Date of allotment February 21, 2014

Direct Plan – Growth Option 9.85% - - -

Benchmark Index - CRISIL Short Term Bond Fund Index 10.48% - - -



The Scheme had underperformed its benchmark since inception.


Scheme Description NAV per unit February 23, 2015



Mirae Asset Fixed Maturity Plan - Series I - 368 Days 0.7146 0.6627 1.3774

The fund seeks to generate income through investments in Debt and Money Market Instruments maturing on or before the maturity date of the Plan.

The net assets of Mirae Asset Fixed Maturity Plan - Series I - 368 Days stood at Rs. 22.09 Crores as at February 23, 2015 and the total net assets as on the February 20, 2015, 77.39% of the net assets were invested in money market instruments, 22.61% in mutual fund unit.

The Scheme had the flexibility to invest between 70% to 100% of its net asset in Money Market Instruments and upto 30% in debt instruments.

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2. FUTURE OUTLOOK:

The Mutual Fund industry has 46 mutual funds and its total AAUM stood at Rs. 1,084,649 crores (as of 31st March, 2015) a growth of 30% from Rs. 834,961 crores as on 31st March 2014. The AUM grew with strong flows witnessed in Income Funds & Equity Funds. Mirae Asset Mutual Fund recorded an impressive growth of 136% in FY15.

Mirae Asset India has been on the forefront in terms of introducing differentiated products to meet the asset allocation needs of its investors. We hope to build on our existing product basket and offer more differentiated products in the coming years. We hope to continue to deliver risk adjusted returns to investors and help create long term wealth.

On the distribution front too, Mirae Asset India has taken steps and has tied-up with some of the best names in the distribution domain. The fund house has ensured a prudent mix of distribution partners from IFAs (currently around 6,000 IFA distributors empanelled), Banks and National distributors. This has ensured that the distribution model is de-risked as well as equipped to take advantages of market opportunities. Both the funds Mirae Asset India Opportunities Fund and Mirae Asset Emerging Bluechip Fund, have achieved important AUM milestones, which will make them qualified to be sold by many leading banks and wealth outfits, which may help in faster AUM growth in the next financial year. Further, we have launched Mirae Asset Prudence Fund, (an open ended equity oriented asset allocation scheme), with New Fund Offer (NFO) period as July 8, 2015 to July 22, 2015 and we may try to launch an ELSS fund before year end.

Mirae Asset Mutual Fund is working on the leveraging its global presence to raise funds from foreign investors in Mirae Asset Schemes and for providing advisory services. With our domestic funds exhibiting robust performance track record, Mirae Asset Mutual Fund is trying to get institutional mandates as well.

Mirae Asset India has been able to turn challenges into opportunities and in a short period since inception has started making profits.

As we embark our journey into the new fiscal, we aim at a high octane year of growth through a combination of unique products and superior performance for the investors. Our goal in the long term is to become one of major players in the Indian Mutual Fund Industry with a complete product basket across asset classes and deliver risk adjusted returns to our investors.

INVESTOR SERVICES

The Schemes of Mirae Asset Mutual Fund have delivered reasonable adjusted returns to investors. In our endeavor to strengthen the services for investor services to provide them quality and timely service, we have redesign the website of Mirae Asset Mutual Fund, to make it more user friendly, ease to navigate and provides huge knowledge content on markets and financial terms.

We have strengthen our Online services and to make transacting with us a seamless process allowing the investors to transact in our funds through our website in a seamless manner. We will start a service wherein first time KYC complied Investors will be able to transact in our funds through our website in a seamless manner. To keep the investor informed of his investments, we regularly send transaction updates to investors through email/mobile (based on the details filled at the time of account opening). We have a dedicated customer service team, Toll Free number and email id for servicing all investor queries at the earliest. Further, there have been initiatives to inform all Investors and Distributors about the latest regulatory changes that have happened in the industry.

In our endeavor to educate our investors regularly we have set up Mirae Asset Knowledge Academy. The sole purpose is to increase investor education and knowledge levels. We are arranging Investor Awareness Programs through our partners in all our cities or presence, to increase knowledge levels of investors. We have released investor booklets, contribute articles in financial websites and national publications to explain financial terms in a simple languages. We share newsletters and mailers to our investors on key financial terms, every week.

3. BRIEF BACKGROUND OF THE TRUST, SPONSORS, TRUSTEE AND ASSET MANAGEMENT COMPANY:

i. Sponsors:

Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, a company incorporated in South Korea. Mirae Asset Global Investments Company Limited (MAGICL) is a part of Mirae Asset Financial Group (Mirae Asset). Mirae Asset was established in 1997 and is South Korea’s leading independent financial services provider. With Asset Management as its core activity, Mirae Asset is engaged in a broad range of financial services including Investment Banking, Wealth Management and Life Insurance. Other significant activities of the group include Alternate Investment including Private Equity, Venture Capital and Real Estate.

Mirae Asset introduced the concept of mutual funds to Korea. It is the largest asset manager in Korea and is the pioneer of Systematic Investment Plan (known as Regular Savings Plan) in Korea and over the years has emerged as the undisputed leader in Korea.

Korea’s largest equity fund manager, Mirae Asset, is now a leading investor in Asian equities, with offices in Hong Kong, Singapore, Vietnam and rapidly expanding to other parts of the globe including the Europe and America. With its strong foundation in Asia and presence in major financial markets in this region, Mirae Asset has established a leadership position in the Asia Pacific region.

The Sponsor has entrusted a sum of Rs. 1,00,000/- to the Trustee as the initial contribution towards the corpus of the Mutual Fund.

The Sponsor holds 100% of the paid up equity capital of the AMC.

ii. Mirae Asset Mutual Fund (MAMF): Mirae Asset Mutual Fund (MAMF) was set up as a Trust by the Sponsor, Mirae Asset Global Investments Company Limited (MAGIC) on 11th October,

2007 with Mirae Asset Trustee Company Private Limited (the Trustee) as a Trustee in accordance with the provisions of the Indian Trust Act, 1882 (2 of 1882) and is duly registered under the Indian Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated October 11, 2007 with Mirae Asset Global Investments (India) Private Limited (the AMC) to function as the Investment Manager for all the Schemes of MAMF. MAMF was registered with SEBI on 30th November, 2007 vide Registration No. MF/055/07/03.

iii. Mirae Asset Trustee Company Private Limited: Mirae Asset Trustee Company Private Limited (the Trustee) is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unitholders. The

Trustee through its Board of Directors shall discharge its obligations as trustee of Mirae Asset Mutual Fund as provided in the Regulations and the Trust Deed. The Trustees shall ensure that the transactions entered into by the AMC are in accordance with the SEBI Regulations and will also review the activities carried on by the AMC.

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Mirae Asset Trustee Company Private Limited is registered under the Companies Act, 1956 and was incorporated on April 23, 2007. The Sponsors have executed a Trust Deed on October 11, 2007 appointing Mirae Asset Trustee Company Private Limited as Trustee of Mirae Asset Mutual Fund. The Trustee seeks to ensure that MAMF and the Schemes floated thereunder are managed by the Mirae Asset Global Investments (India) Private Limited in accordance with the Trust Deed, the Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.

Share Capital: During the year under review, there has been no change in the equity shareholding pattern of Mirae Asset Trustee Company Private Limited.

The shareholding pattern of the Mirae Asset Trustee Company Private Limited: as on 31st March ,2015 is as follows:

Sr. No.

Shareholder’s Name Paid-up capital in Rs. (Equity Shares

of Rs.10/- each)

Number of shares (Equity Shares of

Rs.10/- each)

% of Shareholding

1 Mirae Asset Global Investments Co. Ltd. (MAGI), Korea. (Sponsor) 99980 9998 99.98

2 Mr. Jisang Yoo (Nominee shareholder of MAGI) 10 1 0.01

3 Mr. Mi Seob Kim 10 1 0.01

TOTAL 100,000 10,000 100.00

&- less than 0.00%

Change in Composition of Board Members: During the year under review, there has been no change in the composition of the Board of Directors of the Trustee. As required by the Securities and Exchange Board of India

(Mutual Funds) Regulations, 1996, the Board of Trustee should comprise of two-thirds of the Directors who are not associated in any manner with the Sponsors of Mirae Mutual Fund. However, incase of Mirae Asset Mutual Fund, all the Trustee Directors are Independent.

iv. Mirae Asset Global Investments (India) Private Limited: Mirae Asset Global Investments (India) Private Limited, a company registered under the Companies Act, 1956 and having its registered office at Unit 606, 6th Floor,

Windsor, off CST Road, Kalina, Santacruz (E), Mumbai - 400098. Mirae Asset Global Investments (India) Private Limited has been appointed as the Asset Management Company (AMC) of Mirae Asset Mutual Fund by the Trustee vide Investment Management Agreement (“IMA”) dated October 11, 2007 entered into between Mirae Asset Trustee Company Private Limited and Mirae Asset Global Investments (India) Private Limited. The Investment Manager was approved by SEBI to act as the AMC for the Fund vide letter no. IMD/HSV/OTW/109716/2007 dated 30th November, 2007. The AMC also provide non-binding Advisory services to group companies operating offshore funds domiciled in Korea and Hongkong.

The AMC has entered into an agreement with Mirae Asset Global Investments (Hongkong) Ltd. for seeking advice on the international portion of all the schemes of the mutual fund.

Share Capital: During the year under review, there has been no change in the equity shareholding pattern of Mirae Asset Global Investments (India) Private Limited. The shareholding

pattern of the Mirae Asset Global Investments (India) Private Limited:

Sr. No.

Shareholder’s Name Paid-up capital in Rs. (Equity Shares

of Rs.10/- each)

Number of shares (Equity Shares of

Rs.10/- each)

% of Shareholding

1 Mirae Asset Global Investments Co.Ltd. (MAGI), Korea. (Sponsor) 2,031,885,390 203,188,539 100.00

2 Mr. Jisang Yoo (Nominee shareholder of MAGI) 10 1 0.00&

TOTAL 2,031,885,400 203,188,540 100.00

& less than 0.00%

Change in Composition of Board Members: During the year under review, there was no change in the composition of the Board of Directors of the AMC. As required under the provisions of the Securities and

Exchange Board of India (Mutual Funds) Regulations, 1996, 50% of the Directors on the Board of the AMC are Independent Directors who are not an associate of or associated in any manner with the sponsor or any of its subsidiaries or the Trustee Company.

4. INVESTMENT OBJECTIVE OF THE SCHEMES:

i Mirae Asset India Opportunities Fund: The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing

in equities, equity related securities. The Scheme does not guarantee any returns.

ii Mirae Asset Global Commodity Stocks Fund: The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related

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securities of companies that are engaged in Commodity and commodities related sectors / sub sectors / industries, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets. There is no assurance or guarantee of returns.

iii Mirae Asset China Advantage Fund: The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae Asset China Sector Leader Equity

Fund and / or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and / or units of debt / liquid schemes of Domestic Mutual Funds, in order to meet liquidity requirements from time to time. The Scheme does not guarantee or assure any returns.

iv Mirae Asset Emerging Bluechip Fund: The investment objective of the scheme is to generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity

related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal portfolio construction. The Scheme does not guarantee or assure any returns.

v Mirae Asset India-China Consumption Fund: The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related

securities of companies that are likely to benefit either directly or indirectly from consumption led demand in India / China. The Scheme does not guarantee or assure any returns.

vi Mirae Asset Cash Management Fund: The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt

instruments. The Scheme does not guarantee any returns.

vii Mirae Asset Short Term Bond Fund: The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. There

is no assurance OR guarantee of returns.

viii Mirae Asset Ultra Short Term Bond Fund: The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments.

The Scheme does not guarantee any returns.

xi Mirae Asset Fixed Maturity Plan - Series – I – 368 Days: The investment objective of the Plan under the Scheme is to generate income through investments in Debt and Money Market Instruments maturing on or before the

maturity date of the respective Plan.

5. SIGNIFICANT ACCOUNTING POLICIES:

The Significant Accounting Policies form part of the Notes to the Accounts annexed to the Balance Sheet of the Schemes. The Accounting Policies are in accordance with Securities Exchange Board of India (Mutual Funds) Regulations, 1996.

6. UNCLAIMED REDEMPTIONS & DIVIDENDS:

Summary of No. of Investors & Corresponding amount as at March 31, 2015:

Name of the Scheme Unclaimed Redemptions Unclaimed Dividends

Amount (Rs.) No. of Inves-tors Amount (Rs.) No. of Inves-

tors

Mirae Asset India Opportunities Fund 803,616.92 18 1,143,979.32 416

Mirae Asset Global Commodity Stocks Fund 153,648.06 5 0 0

Mirae Asset Emerging Bluechip Fund 61,259.39 2 102,944.94 11

Mirae Asset India-China Consumption Fund 0 0 0 0

Mirae Asset China Advantage Fund 13670 1 0 0

Mirae Asset Ultra Short Term Bond Fund 124.54 1 0 0

Mirae Asset Short Term Bond Fund 0 0 0 0

Mirae Asset Cash Management Fund 0 0 0 0

Details of Investor Complaints: The Fund is also prompt in redressing the complaints/requests received from the investors. The Statement on Status of Redressal of Complaints received against Mirae Asset Mutual Fund during the financial year 2014-15 is annexed and forms part of the Trustee Report as Annexure I. In the said statement, details of complaints on data corrections in Investor details have also been mentioned as per the AMFI Best Practice Circular No. 135/BP/25/11-12 dated March 07, 2012.

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7. ROLE OF MUTUAL FUNDS IN CORPORATE GOVERNANCE OF PUBLIC LISTED COMPANIES:

In terms of the Securities and Exchange Board of India (“SEBI”) circular no. SEBI/ IMD/ CIR No. 18/198647/ 2010 dated March 15, 2010 and clarificatory email received from SEBI on June 23, 2011, the MAMF has framed a general voting policy and procedures for exercising the voting rights in respect of shares held by its Schemes (“Voting Policy”). The Board of Directors of Mirae Asset Trustee Company Private Limited has adopted the Voting Policy and the same is annexed as Annexure II.

Further, in terms of the above-mentioned circular, the details of actual exercise of proxy votes in the AGMs/ EGMs/Postal Ballot of the investee companies (based on equity holdings as on the record date across all Schemes of the Fund) for the financial year 2014-15 and the auditor’s certification on the voting report is annexed as Annexure III. The Voting Policy and disclosure of proxy votes are also displayed on the website of the Fund viz. www.miraeassetmf.co.in

8. MARKET OVERVIEW:

Global Markets

Global and domestic markets had dramatic sessions in the month of June on the backdrop of Greek debt crisis. Financial headlines were dominated by the unfolding of Greek debt crisis as the deadlock between Greece and its creditors kept financial markets guessing. However, talks did not yield anything positive and Greece missed its 30 June repayment deadline to the International Monetary Fund.

Global financial markets went into a tizzy towards the end of the month as the Greek Prime Minister, decided to go for a referendum before accepting conditions proposed by creditors for unlocking the bailout fund. Though there was volatility in the global financial markets due to the Greek issue, Indian markets remained fairly resilient during this period.

Meanwhile, the US Federal Reserve’s decision to wait for some more time before increasing interest rates also helped financial markets across the world. However, the Chinese market, which has more than doubled in the past one year, has corrected over 20% from its highs. So far, market movements in China have not affected other markets, but the continued decline can result in volatility in the region.

Global Indices Value MTD YTD

DJIA 17,619.5 -2.3% -1.2%

FTSE 6,521.0 -6.2% -0.4%

Sensex 27,780.8 -0.2% 1.0%

Nikkei 20,235.7 -1.6% 16.2%

Shanghai 4,277.2 -11.4% 27.7%

KOSPI 2,074.2 -1.3% 7.7%

Hang Seng 26,250.0 -4.9% 10.0%

Bovespa 53,080.9 0.1% 9.4%

Source: Bloomberg, 30th June, 2015

Indian Equity Markets

Indian markets faced volatile sessions throughout the month. Benchmark equity indices fell after the monetary policy review. Even though the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points (bps), the tone of the policy did not go down well with the market. The central bank revised its inflation forecast upwards and said that it has front-loaded rate cuts. Stocks recovered some ground in the middle of the month as better-than-expected rainfall raised hopes. A normal monsoon will help boost output and keep inflation in check, which in turn can open up possibilities of rate cuts in the future.

The benchmark indices ended at the similar levels slightly on the negative side, as they were at the start of the month, making the month’s session a flat one. On the Sectorial side Metals and Bankex were the worst performers whereas, Health care and Consumer durables turned out to be the best performers.

Indian Indices Value MTD YTD

BSE 200 3,499.5 -0.8% 1.9%

BSE Mid - Cap 10,680.0 -0.3% 5.1%

BSE Small - Cap 11,075.4 -1.8% -1.6%

CNX Mid - Cap 13,009.7 -1.3% 3.1%

S&P BSE Metal 9,335.3 -3.9% -14.1%

S&P BSE FMCG 7,789.1 -1.8% 1.3%

S&P BSE Auto 18,712.2 -1.6% 0.0%

S&P BSE BANKEX 20,982.2 -1.9% -2.3%

S&P BSE Health Care 16,564.3 0.8% 12.9%

S&P BSE Consumer Durables 10,745.6 0.9% 10.8%


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Outlook

With the recent market correction and S&P Sensex trading close to 27,500 levels, valuations are quite reasonable. With transformation in macros driven by stable government, and low commodity prices, India is a multi-year theme and we believe investors should take a long term view while investing in equities.

m India’s market cap / GDP is close to 80%. During the peak of 2008, it was over 100%

m Based on cyclical low past earnings and expectation of high growth, markets are reasonable at ~19x trailing PE and 15.5 times forward earnings.

m Domestic flows in equities (in addition to FII flows) will provide support to the markets

Indian Debt Markets:

RBI reduced policy repo rate by 25 bps to 7.25% on June 02 2015. Consequently, the reverse repo rate stands at 6.25% and the Marginal Standing Facility (MSF) rate at 8.25%. The market has reacted negatively to 25 bps Repo rate cut by RBI on 2nd June 2015. RBI has cut the rates by 75 bps from December 2014, yields on 2024 GOI is now at pre rate cut levels again in reaction to RBI policy. The yield on the government securities rose as the market became uncertain about the timing of further cuts, uncertainties about the Grexit and reduced possibilities of rate cuts in India.

The current economic environment is positive rather than negative for bonds with inflation down, government finances stable and RBI is accommodative rather than tight in its policy stance. Global factors like rise in global bond yields are increasing risk aversion and could have played a part in bond market fear. However with CAD low at 1.3% of GDP and forex reserves at all-time highs of over USD 350 billion, threat to the INR is low and that should ease the fear in the mind of the bond market.

Fixed Income - Rates Value as on 30/06/15

Value as on 28/05/15

Call Money 7.20 7.10

CBLO 7.20 7.63

3 month CD 7.82 7.96

3 month CP 8.15 8.23

1 year CD 8.10 8.25

1 year CP 8.61 8.74

G-Sec (10 yrs) 7.86 7.64


9. LIABILITY AND RESPONSIBILITY OF TRUSTEE AND SPONSORS:

The main responsibility of the Trustee is to safeguard the interest of the Unitholders and inter-alia ensure that Mirae Asset Global Investments (India) Private Limited (the AMC) functions in the interest of investors and in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the provisions of the Trust Deed and the Statement of Additional Information, Scheme Information Document/Offer Document of the respective Schemes. From the information provided to the Trustee and the reviews the Trustee has undertaken, the Trustee believes the AMC has operated in the interests of the Unitholders.

The Sponsors are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes beyond the initial contribution of Rs.1 lakh made by them towards setting up of Mirae Asset Mutual Fund.

10. STATUTORY INFORMATION:

(a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their initial contribution (to the extent contributed) of Rs.1 Lakh for setting up the Fund, and such other accretions / additions to the same.

(b) The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments.

(c) Full Annual Report is available on the website (www.miraeassetmf.co.in) and shall be available for inspection at the Head Office of the mutual fund. Present and prospective unit holder can obtain copy of the trust deed, the full Annual Report of the Fund / AMC at a price.

11. ACKNOWLEDGEMENT:

The Trustees thanks SEBI, AMFI, the investors, Investors Service Centers, distributors, key partners, service providers, Mirae Asset Global Investments (India) Private Limited and its employees for their commitment and looks forward to their continued support.

Investors may note that the Full Annual Report shall be disclosed on the website (www.miraeassetmf.co.in) and shall also be available for inspection at the Head Office of the Mutual Fund. On written request present and prospective unit holders / investors can obtain a copy of the Trust Deed, the Annual Report at a price.

The Balance Sheet as at 31st March, 2015 and the Revenue Account for the year ended 31st March, 2015 for the various schemes are annexed to this Report.

For Mirae Asset Trustee Company Private Limited

Sd/- Sd/- V. B. Haribhakti S. T. Gerela Chairman Director

Place : Mumbai Date : July 22, 2015

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ANNEXURE - IREDRESSAL OF COMPLAINTS RECEIVED AGAINST

MIRAE ASSET MUTUAL FUND DURING THE YEAR 2014-15:No. of Folios as on March 31, 2015: 98925

Complaint code

Type of complaint#

(a) No. of complaints

pending at the

beginning of the year

Action on (a) and (b)

(b) No of complaints

received during the

year

Resolved

Non Actionable*

Pending

Within 30

days

30-60 days

60-180 days

Beyond 180 days

0-3 months

3-6 months

6-9 months

9-12 months

I A Non receipt of Dividend on Units 0 13 13 0 0 0 0 0 0 0 0

I B Interest on delayed payment of Dividend 0 0 0 0 0 0 0 0 0 0 0

I C Non receipt of Redemption Proceeds 0 15 15 0 0 0 0 0 0 0 0

I D Interest on delayed payment of Redemption 0 0 0 0 0 0 0 0 0 0 0

II A Non receipt of Statement of Account/Unit Certificate

0 0 0 0 0 0 0 0 0 0 0

II B Discrepancy in Statement of Account 0 0 0 0 0 0 0 0 0 0 0

II C Data corrections in Investor details 0 0 0 0 0 0 0 0 0 0 0

II D Non receipt of Annual Report/Abridged Summary

0 0 0 0 0 0 0 0 0 0 0

III A Wrong switch between Schemes 0 0 0 0 0 0 0 0 0 0 0

III B Unauthorized switch between Schemes 0 0 0 0 0 0 0 0 0 0 0

III C Deviation from Scheme attributes 0 0 0 0 0 0 0 0 0 0 0

III D Wrong or excess charges/load 0 1 1 0 0 0 0 0 0 0 0

III E Non updation of changes viz. address, PAN, bank details, nomination, etc.

0 0 0 0 0 0 0 0 0 0 0

IV Others* 0 1 1 0 0 0 0 0 0 0 0

TOTAL 30 30 0 0 0 0 0 0 0 0

# including against its authorized persons/distributors/employees. etc.*Non actionable means the complaint that are incomplete /outside the scope of the mutual fund

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Annexure IIVOTING RIGHTS POLICY OF MIRAE ASSET MUTUAL FUND

Mirae Asset Global Investments (India) Private Limited (Mirae AMC) is the asset management company for Mirae Asset Mutual Fund. In this role, Mirae AMC has an obligation to act in the best interests of the Funds. This responsibility includes exercising the voting rights attached to securities held by the Funds. It is the policy of Mirae AMC to exercise the voting rights of the Funds in accordance with the best interests of the Funds.This Policy contains the principles that form the basis of all votes. Mirae AMC believes that these principles are essential to ensure the long-term performance of assets managed by Mirae AMC. Mirae AMC will manage voting rights with the same level of care and skill as it manages the funds. In general, Mirae AMC does not have the intention to participate directly or indirectly in the management of the companies but it will use its influence as a shareholder amongst others by exercising its voting rights in accordance with the best interests of its funds unit holders. The exercise of voting rights requires the ongoing review of the corporate governance and performance of management of an issuer and the consideration of the potential impact of a vote on the value of the securities of the issuer held by the Funds. In order to discharge its obligations under this policy, Mirae AMC accesses and utilizes research on management performance and corporate governance issues, drawn from portfolio manager and analyst due diligence, information provided by leading independent research firms and involvement in organizations. In terms of the Securities and Exchange Board of India (“SEBI”) circular no. SEBI/ IMD/CIR No.18 /198647/ 2010 dated March 15, 2010 and clarificatory email received from SEBI on June 23, 2011, we have framed the general voting policy and procedures for exercising the voting rights (“Voting Policy”). This Voting Policy shall be applicable to all equity holdings across all our mutual fund schemes.

What Does Voting Right Mean ?Voting Right means, the right of a stockholder to vote on matters of corporate policy. Voting often involves decisions on issuing securities, initiating corporate actions and making substantial changes in the corporation’s operations such as the election of the company’s directors, merger/amalgamations, appointment of auditors, etc.Equity mutual funds, and other mutual funds with an equity component, hold shares of companies. The funds are entitled to exercise the voting rights attached to those shares. The shareholders do not necessarily need to be physically present at the site of the company’s annual meeting / extra-ordinary general meeting in order to exercise their right to vote. It is common for shareholders to voice their vote by proxy.

Proxy Voting GuidelinesIssuers’ proxies most frequently contain proposals to elect corporate directors, to appoint external auditors and set their compensation, to adopt or amend management compensation plans and to amend the capitalization of the company.The Company shall exercise votes in the direction of improving the economic value of the portfolio and protecting the rights of the unitholders considering the following factors: 1. Protecting the rights of unitholders2. Improving operating profits3. Raising the intrinsic value of the Company4. Improving the Company’s governance and financial structure.These guidelines summarize the corporate governance principles which the MAMF will generally support through the exercise of votes on these issues.1. Boards of Directors - Mirae AMC supports resolutions that promote the

effectiveness of boards in acting in the best interests of shareholders. It generally votes in favour of the election of directors for boards having a majority of independent directors and an independent chair, where the chairs of all board committees and at least a majority of committee members are independent.

2. Corporate governance matters – Mirae AMC support resolutions that change the state of incorporation, merger and other corporate restructuring which are in the interest of the unitholders. However, Mirae AMC will vote against resolutions pertaining to takeover by an acquirer, etc which are against the interest of the unit holder.

3. Auditors and Auditor Compensation - Where all members of an issuer’s audit committee are independent, Mirae AMC will generally support the election of directors, the appointment of auditors and the approval of the recommended auditor compensation.

4. Management Compensation - The goal of Mirae AMC is to support compensation arrangements that are tied to long-term corporate performance and shareholder value. These arrangements should induce management to purchase and hold equity in the company to better align management’s interests with those of shareholders. Stock option plans that are overly generous or excessively dilutive to other shareholders will not be supported.

5. Changes in Capitalization - Mirae AMC recognizes the need for management of an issuer to have flexibility in the issue or buyback of shares to meet changing financial conditions. Changes in capitalization will generally be supported where a reasonable need for the change is demonstrated, however changes resulting in excessive dilution of existing shareholder value will not be supported.

6. Social and corporate responsibility issues - Mirae AMC recognizes the need of role of government, demands for greater disclosures, increased investor education, environmental benefits, benefits to the community and the general public.

Other issues, including those business issues specific to the issuer or those raised by shareholders of the issuer, are addressed on a case-by-case basis with a focus on the potential impact of the vote on shareholder value. Mirae AMC reserves the right to vote against any resolution that goes against the interest of its unit holders.

Procedure for use of Proxy Voting GuidelinesA decision to invest in an issuer is based in part on a fund manager’s analysis of the performance of management and the corporate governance of the issuer. Since a decision to invest is generally an endorsement of management of the issuer, Mirae AMC will generally vote with management on routine matters. However, since a fund manager must be focused on shareholder value on an ongoing basis, it is the responsibility of the fund manager to be aware of the potential investment implications of any issue on which security holders are asked to vote.

The Guidelines indicate the principles of corporate governance which the Funds will generally support through the exercise of proxy votes.

While Mirae AMC will generally vote the Funds’ proxies strictly in accordance with the Funds’ Proxy Voting Guidelines, there may be circumstances where it believes it is in the best interests of a Fund to vote differently than the manner contemplated by the Guidelines. The ultimate decision as to the manner in which the Funds’ proxies will be voted rests with Mirae AMC. The AMC shall abide by the following procedure for exercising the voting rights:

1. The Investment team shall examine and decide on AGMs/EGMs which have been submitted to its authority. If a consensus cannot be achieved, the final voting decision will be taken by the Chief Investment Officer.

2. In the interest of the investors of the fund and in order to avoid excessive voting costs and to ensure better efficiency, the Investment team shall analyze the Cost-Benefit analysis (CBA) between the voting costs involved in exercising voting vis-à-vis the benefit it may accrue to the investors by exercising the voting rights. Such cases for which the benefit does not outweigh the cost, the AMC shall abstain to vote. Nevertheless, it may also decide to vote at meetings where it deems its participation important, even if the CBA is not in favour of exercising voting. (i.e. in the case of a contested AGM/EGM, etc.).

3. In most cases, the AMC exercises its funds’ voting rights by appointing an authorized agent (proxy). It may, however, if deemed necessary, be physically present at a meeting and vote in person.

4. Authorized Officials and/ or authorized representatives of Custodian of the Fund would submit voting instructions for General Meetings where the AMC chooses to vote i.e. either FOR or AGAINST.

5. The AMC may also abstain from voting for certain proposals of the Investee Companies depending on various criteria and judgment.

Proxy Voting RecordsIn this section, you can find out how voting rights were exercised on behalf of the Mirae AMC that held voting securities. Disclosure of exercise of proxy votes in equity holdings across all schemes of the Fund shall be accessible on our website. To view records for the period from 1st April, 2010 and onwards click here. The same would also be disclosed in the annual report from the financial year 2010-11 onwards.

18


Conflict of interest provisionVoting is exercised in the exclusive interest of holders. All votes are centralized, which ensures uniformity and adherence to the aforementioned principles. The strict separation of Mirae AMC’s asset management activities from other activities within the Mirae Asset Financial Group prevents access of the asset management company to insider and price sensitive information for which use and/or disclosure of such information could generate conflicts of interest.The parent of the AMC is a global investment manager and has various offices around the world. Hence, the investment manager is an affiliate of many diversified financial organization across the globe, however the investment manager is a stand-alone entity in India. Any financial transaction, where:i) The investment is made into group companies of the AMC, orii) The investee companies have subscribed to the units of their schemes, may lead to conflict of interest.Generally, the AMC shall abstain to vote for any matters connected with the above. However, the AMC will make its best efforts to avoid any conflicts and ensure that any conflicts of interest are resolved in the best interest of the unit-holders.Additionally, Mirae AMC has implemented an organization, procedures and appropriate controls and monitoring routines in order to prevent conflict of interest.

Review and control process1. On analysis of AGM/EGM resolutions, if any conflict of interest is identified with the AMC’s voting policy, then the same shall be alerted to the Chief Investment Officer.2. The AMC shall be responsible for maintaining records for votes cast and abstentions, proxy statements and any other relevant record in this regard.3. All the voting rights exercised/abstentions in the previous month shall be reported to the Investment committee meeting in the next month. 4. Every record, including the voting statements, abstentions shall be retained for audit purpose.5. The process of exercise of proxy votes as listed above shall be reviewed by the AMC, from time to time.

====x====* The above listed Voting Policy of Mirae Asset Mutual Fund was approved by the Board of Directors of Mirae Asset Trustee Company Private Limited on 6th April, 2010 and as per the clarifications received from SEBI, was later modified in their meeting held on June 27, 2011.

19


Annexure IIIAUDITOR’S CERTIFICATE

20



Disclosure of exercise of Voting Rights in Equity holdings across all schemes of Mirae Asset Mutual Fund Management/ Shareholders Proposals for the year ended 2014-15:

Meeting Date

Company Name Type of Meetings

(AGM/EGM)

Proposal by Management or

Shareholder

Proposal's description Investee company’s

Management Recommendation

Vote (For/ Against/ Abstain)

Reason supporting the vote decision

Quarter ended June 30, 2014

24-Apr-14 FAG Bearing India Limited

Annual General Meeting

Management 1. To receive, consider and adopt the Balance Sheet as at December 31, 2013 and the Statement of Profit & Loss for the year ended on that date, together with the Auditors’ and Directors’ Report thereon.

In favour of the proposal

For The proposal is one for which there is a general voting guidelines and our vote is consistent with our voting policy.

2. To declare dividend for the year ended December 31, 2013.



3. To appoint a Director in place of Mr Avinash Gandhi who retires by rotation and being eligible, offers himself for re-appointment.



4. To appoint a Director in place of Mr Moreshwar Garde, who retires by rotation and being eligible, offers himself for re-appointment.



5. To appoint Auditors and to fix their remuneration. In favour of the proposal


6. To appoint a director in place of Mr. Robert Schullan, who holds office upto the date of this Annual General Meeting of the company. The Company has received notice under section 257 of the Companies Act, 1956 proposing his candidature for the office of Director.



7. To appoint a director in place of Mr. Dietmar Heinrich, who holds office upto the date of this Annual General Meeting of the company. The Company has received notice under section 257 of the Companies Act, 1956 proposing his candidature for the office of Director.



8. To appoint a director in place of Mr. Dharmesh Arora, who holds office upto the date of this Annual General Meeting of the company. The Company has received notice under section 257 of the Companies Act, 1956 proposing his candidature for the office of Director.



9. To pass a resolution for the re-appointment of Mr. Rajendra Anandpara as Managing Director of the company w.e.f August 1, 2014.



03-May-14 Divi's Laboratories Ltd

Postal Ballot Management 1. Re-appointment of Group Captain (Retd) L Ramesh Babu, to hold or continue to hold office or place of profit as Chief Information Officer and VP-Procurement with effect from 15.4.2014.



05-May-14 Sun Pharmaceutical Industries Limited

Court Meeting

Management 1. To approve the Scheme of Arrangement and Reconstruction in the nature of Demerger and Transfer of the Specified Undertaking of Sun Pharma Global FZE, the Transferor Company, into Sun Pharmaceutical Industries Ltd.



12-May-14 Nestle India Ltd Annual General Meeting

Management 1. To receive, consider and adopt the Financial Statements of the Company for the year ended 31st December, 2013 including audited Balance Sheet as at 31st December, 2013 and the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.



2. To declare final dividend and confirm the two interim dividends aggregating to Rs. 36.00 per equity share, already paid for the year ended 31st December, 2013.



3. To appoint a director in place of Mr. Aristides Protonotarios (holding DIN 06546858), who retires by rotation and being eligible offers himself for re-appointment.



21


Meeting Date


(AGM/EGM)


Shareholder





4. To appoint M/s. A.F.Ferguson & Co., Chartered Accountants as statutory auditors of the Company and fix their remuneration.



5. To appoint Mr. Michael William Oliver Garrett, as an Independent Director of the Company who is liable to retire by rotation at the Annual General Meeting and in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of Director and he is proposed to be appointed as Director of the Company to hold office for five consecutive years up to 31st March, 2019.



6. To appoint Mr. Ravinder Narain, as an Independent Director of the Company who is liable to retire by rotation at the Annual General Meeting and in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of Director and he is proposed to be appointed as Director of the Company to hold office for five consecutive years up to 31st March, 2019.



7. To appoint Mr. Ashok Kumar Mahindra, as an Independent Director of the Company who is liable to retire by rotation and in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of Director and he is proposed to be appointed as Director of the Company to hold office for five consecutive years up to 31st March, 2019.



8. To appoint Dr. (Mrs.) Swati Ajay Piramal, as an Independent Director of the Company who is liable to retire by rotation and in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of Director and he is proposed to be appointed as Director of the Company to hold office for five consecutive years up to 31st March, 2019



9. Appointment of Mr. Antonio Helio Waszyk, as a Director of the Company, who was appointed as an Additional Director and whose term of office expires at the Annual General Meeting and in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of Director, is proposed to be appointed as a Director of the Company whose period of office shall be liable to determination by retirement of directors by rotation.



10. To Accord the consent of the Company for the appointment of Mr. Etienne André Marie Benet who was appointed as a “non-retiring Director” of the Company by the Board of Directors with effect from 1st October, 2013.



11. To accord the consent of the Company for the appointment of Mr. Shobinder Duggal as a Whole-time Director of the Company designated as “Director-Finance & Control and Chief Financial Officer” for a period of five years effective from 10th May, 2014.



12. To Alter the Articles Of Association to amend Article 92 to alter the strenght of the Board of Directors.



13. To accord the consent of the Company to the Board of Directors to borrow moneys in excess of the aggregate of the paid up share capital and free reserves of the Company, provided that the total amount borrowed and outstanding at shall not be in excess of Rs. 150 Crores (Rupees one hundred fifty crores) over and above the aggregate of the paid up share capital and free reserves of the Company.



14. A sum not exceeding one percent per annum of the net profits of the Company be paid to and distributed amongst the directors other than the managing director or whole-time directors of the Company provided that none of the directors shall receive individually a sum exceeding Rs. 10,00,000/- in a financial year.



22


Meeting Date


(AGM/EGM)


Shareholder





16-May-14 Tata Steel Ltd Court Meeting

Management 1. To approve the Scheme of Amalgamation between Tata Steel Limited and Tata Metaliks Limited and Tata Metaliks DI Pipes Limited and their respective shareholders and creditors.


For It will expand the business and to realise benefits of greater synergies between their businesses and avail of the financial resources as well as the managerial, technical, distribution and marketing resources

4-Jun-2014

Tata Global Beverages Limited

Court Meeting

Management To approve the Scheme of Amalgamation of Mount Everest Mineral Water Limited with Tata Global Breverages Ltd


For It will expand the business of the Tata Global Beverages Limited

4-Jun-2014

Zee Entertainment Enterprises Limited

Court Meeting

Management 1. To approve the Scheme of Arrangement between Diligent Media Corporation Limited (DMCL) and Zee Entertainment Enterprises Limited and their respective shareholders and creditors for demerger of Media Business Undertaking of DMCL and vesting with the Company


For The merger of DMCL’s media business line will add to Zee’s current product portfolio. Moreover, the valuation appears to be in line with market trends.

9-Jun-2014

Tata Global Beverages Limited

Postal Ballot Management To approve the Scheme of Amalgamation of Mount Everest Mineral Water Limited with Tata Global Breverages Ltd


For To expand the business of the Tata Global Beverages Limited

12-Jun-2014

Zee Entertainment Enterprises Limited

Postal Ballot Management 1. To approve the Scheme of Arrangement between Diligent Media Corporation Limited (DMCL) and Zee Entertainment Enterprises Limited and their respective shareholders and creditors for demerger of Media Business Undertaking of DMCL and vesting with the Company


For The merger of DMCL’s media business line will add to Zee’s current product portfolio. Moreover, the valuation appears to be in line with market trends.

14-Jun-2014

Infosys Limited Annual General Meeting

Management 1. To receive, consider and adopt the financial statements of the Company for the year ended March 31, 2014.



2. To declare a final dividend of Rs.43 per equity share and to confirm the interim dividend of Rs. 20 per equity share, already paid for the year.



3. To appoint a director in place of B. G. Srinivas, who retires by rotation and, being eligible, seeks re-appointment.



4. To appoint a director in place of S. Gopalakrishnan, who retires by rotation and, being eligible, seeks re-appointment.



5. To re-appoint B S R & Co. LLP, Chartered Accountants auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the fourth consecutive AGM and to fix their remuneration.



6. Appointment of U. B. Pravin Rao as a Director, liable to retire by rotation and also as a Whole-time Director.



7. Appointment of Kiran Mazumdar-Shaw as an Independent Director.



8. Appointment of Carol M Browner as an Independent Director



9. Appointment of Mr Ravi Venkatesan as an Independent Director



10.To accord consent to enter into a contract to sell, lease, transfer, assign or otherwise dispose of the whole or part of the ‘Products, Platforms and Solutions (PPS)’ business and undertaking of the Company to Edgeverve Systems Limited


For It wil l refine company's strategic initiative by (i) developing differentiated intellectual assets by leveraging the best engineering talent and technology infrastructure, and (ii) intensifying market development with a committed global sales force.

11.To not to fill for the time being the vacancy caused by the retirement of Ann M. Fudge, Director, who retires by rotation at the AGM and does not seek re-appointment



14-Jun-2014

YES Bank Limited Annual General Meeting

Management 1. To consider and adopt the audited Balance Sheet as at March 31, 2014 and Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.



2. To declare dividend on equity shares. In favour of the proposal


23


Meeting Date


(AGM/EGM)


Shareholder





3. To appoint M/s. S. R. Batliboi & Co. LLP., Chartered Accountants as the Auditor of the Bank, for the period of one (1) year, to hold office from the conclusion of this Annual General Meeting until the conclusion of the eleventh Annual General Meeting of the Bank and to fix their remuneration.



4. To appoint Mr. Mukesh Sabharwal, as an Independent Director of the Bank, for a period of five (5) years, not liable to retire by rotation.



5. To appoint Ms. Radha Singh, as an Independent Director of the Bank, for a period of two (2) years, not liable to retire by rotation.



6. To appoint Mr. Ravish Chopra as an Independent Director of the Bank, for a period of five (5) years, not liable to retire by rotation.



7. To appoint Mr. Brahm Dutt as an Independent Director of the Bank for a period of five (5) years, not liable to retire by rotation.



8. To appoint Mr. Saurabh Srivastava as an Independent Director of the Bank for a period of five (5) years, not liable to retire by rotation, who was appointed as an Additional Director and holds office up to the date of this Annual General Meeting.



9. To appoint Mr. Vasant V Gujarathi as an Independent Director of the Bank for a period of five (5) years, not liable to retire by rotation, who was appointed as an Additional Director and holds office up to the date of this Annual General Meeting.



10. To take on record the approval accorded by the Reserve Bank of India for the appointment of Mr. M. R. Srinivasan as Non-Executive Part Time Chairman of the Bank for the period of One (1) Year with effect from June 27, 2013 and approve his remuneration of Rs. Twelve (12) Lakh and use of Bank’s car.



11. To take on record the approval accorded by the Reserve Bank of India, and to approve the re- appointment of Mr. Rana Kapoor as the Managing Director and Chief Executive Officer of the Bank for a period up to August 31, 2015.



12. To create, offer, issue and allot securities, in such a manner that the securities so issued and allotted, could give rise to the issue of Equity Shares of Rs. 10/- each (Rupees Ten) aggregating upto USD 500 million or its Indian Rupee equivalent.


For It will facilitate the additionalcapital requirements under the Basel III norms

16-Jun-2014

Coromandel International Limited

Court Meeting

Management Scheme of Amalgamation between Sabero Organics Gujarat Ltd and Coromandel International Ltd

- Abstained -

21-Jun-2014

Coromandel International Limited

Postal Ballot Management Scheme of Amalgamation between Sabero Organics Gujarat Ltd and Coromandel International Ltd

- Abstained -

17-Jun-14 Prism Cement Postal Ballot Management 1. To accord consent of the Company to borrow money which shall not exceed Rs. 25,00,00,00,000 (Rupees Two Thousand Five Hundred Crores).


For To comply with the Companies Act, 2013.

2. The consent of the Company is accorded to create charge, mortgage, hypothecation and pledge on movable and immovable properties provided that the total amount of such loan and interest shall not exceed the limit of Rs. 25,00,00,00,000 (Rupees Two Thousand Five Hundred Crores).



3. Issue of Non-Convertible Debentures by Private Placement up to an amount of Rs 1250 crores.


For It will facilitate borrowing for the company.

4. To make inter corporate loans/investments and to provide security up to a limit of Rs 250 crores.


For It will facilitate funding obligations of the subsidiaries, joint ventures and associate companies.

18-Jun-2014

Reliance Industries Limited


Management 1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2014, the reports of the Board of Directors and Auditors; and the audited consolidated financial statement of the Company for the financial year ended March 31, 2014.



24


Meeting Date


(AGM/EGM)


Shareholder







3. To appoint a Director in place of Shri Nikhil R. Meswani, who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment.



4. To appoint M/s. Chaturvedi & Shah, Chartered Accountants, Deloitte Haskins & Sells LLP, Chartered Accountants and M/s. Rajendra & Co., Chartered Accountants as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company.



5. To appoint Smt. Nita M. Ambani as a Director in respect of whom the Company has received a notice in writing from a member proposing her candidature, to fill the vacancy of Shri Ramniklal H. Ambani, who retires at this Annual General Meeting.



6. To appoint Shri Adil Zainulbhai as an Independent Director, who was appointed as an Additional Director and who holds office up to the date of this Annual General Meeting and in respect of whom the company has received a notice in writing from a member proposing his candidature for the office of Director.



7. To appoint Shri Yogendra P. Trivedi as an Independent Director for a term up to the conclusion of the 43rd Annual General Meeting of the Company.



8. To appoint Prof. Ashok Misra as an Independent Director for a term up to the conclusion of the 43rd Annual General Meeting of the Company.



9. To approve the re-appointment of Shri Mukesh D. Ambani as Managing Director of the Company, for a period of 5 years with effect from April 19, 2014.



10. Approval of the Company is accorded to the re-appointment of Shri P.M.S. Prasad as a Whole-time Director, designated as Executive Director of the Company, for a period of 5 years with effect from August 21, 2014.



11. To approve payment of remuneration, in addition to the sitting fee to the non-executive directors of the company for attending the meetings of the Board of Directors or Committees thereof, not exceeding in aggregate one percent of the net profits of the Company for each financial year.



12. To approve the payment of remuneration to executive directors.



13. To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2015.



14. to authorize the Board of Directors of the Company to offer or invite subscriptions for secured / unsecured redeemable non-convertible debentures, in one or more series / tranches, aggregating up to Rs. 10,000 crore (Rupees ten thousand crore), on private placement.


For It will augment long term resources for financing, inter alia, the ongoing capital expenditure and for general corporate purposes

15.To adopt new Articles of Association of the Company containing regulations in conformity with the Companies Act, 2013



20-Jun-2014

Tech Mahindra Limited

Court Meeting

Management To approve Scheme of Amalgamation of Mahindra Engineering Services Limited (Transferor Company) with Tech Mahindra Limited (Transferee Company) and their respective shareholders and creditors.


For It will provide synergy benefits, attain efficiencies and reduce overall costs

24-Jun-2014

Tech Mahindra Limited

Postal Ballot Management To approve Scheme of Amalgamation of Mahindra Engineering Services Limited (Transferor Company) with Tech Mahindra Limited (Transferee Company) and their respective shareholders and creditors.


For It will provide synergy benefits, attain efficiencies and reduce overall costs

25


Meeting Date


(AGM/EGM)


Shareholder





23-Jun-2014

CMC Limited Annual General Meeting

Management 1. To receive, consider and adopt the Financial Statements of the Company for the year ended 31 March, 2014 including audited Balance Sheet as at 31 March, 2014 and the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors (“the Board”) and Auditors thereon.



2. To declare a dividend on equity shares for the financial year 2013-14.



3. To appoint a Director in place of Mr. Seturaman Mahalingam, who retires by rotation and, being eligible, offers himself for re-appointment.



4. To appoint Auditors for a term of three years up to the conclusion of the 41st Annual General Meeting to be held in the year 2017 and fix their remuneration.



5. Appointment of Mr. Sudhakar Rao as an Independent Director of the Company, with effect from 23 June, 2014 up to 22 June, 2019.



6. Appointment of Ms. Kalpana Morparia as an Independent Director of the Company, with effect from 23 June, 2014 up to 22 June, 2019.



7. Appointment of Prof. Madaboodi Santhanam Ananth as an Independent Director of the Company, with effect from 23 June, 2014 up to 22 June, 2019.



8. Appointment of Mr. Ashok Sinha as an Independent Director of the Company, with effect from 23 June, 2014 up to 22 June, 2019.



24-Jun-2014

ING Vysya Bank Limited


Management 1. To receive, consider and adopt the Balance Sheet as at 31st March, 2014, Profit and Loss Account for the year ended on that date together with the Auditor’s Report theron and the Director’s Report attached thereto for that year.



2. To declare dividend on equity shares for the year ended on 31st March, 2014.



3. To appoint a Director in place of Mr. Mark Edwin Newman who retires by rotation and being eligible offers himself for re-appointment.



4. To appoint M/s BSR Co LLP, Chartered Accountants, as the Auditors of the Bank for the year 2014-15 and authorize the Board of Directors to fix their remuneration.



5. Amendment of Articles of Association. In favour of the proposal


25-Jun-2014

Bank of Baroda Limited


Management 1. To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March 2014, Profit and Loss Account for the year ended 31st March 2014, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.



2. To declare final Dividend for the year 2013-14. In favour of the proposal


25-Jun-2014

State Bank of India

Extra Ordinary General Meeting

Management 1. To elect four Directors to the Central Board of the Bank In favour of the proposal


2. To grant, offer, issue and allot, in one or more tranches, to such employees, whether working in India or outside India, which expression shall include the Chairman and MD of the Bank (‘The Employees’), as may be decided by the Board, upto 55,56,490 or such number of equity shares of Rs 10 each under ESPS.


For ESOPs are an important retention tool for most banks and the low remuneration structure of public sector banks

25-Jun-2014

HDFC Bank Limited


Management 1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2014, Profit and Loss Account for the year ended on that date and reports of the Board of Directors and Auditors thereon.



26


Meeting Date


(AGM/EGM)


Shareholder





2. To declare a dividend on equity shares. In favour of the proposal


3. To appoint a director in place of Mrs. Renu Karnad, who retires by rotation and, being eligible, offers herself for re-appointment.



4. To appoint a director in place of Mr. Keki Mistry, who retires by rotation and, being eligible, offers himself for re-appointment.



5. To appoint M/s Delloitte Haskins & Sells LLP, Chartered Accountants as the Auditors of the Bank and to hold office from the conclusion of the this Annual General Meeting until the conclusion of the next Annual General Meeting of the Bank at an annual remuneration / fees of Rs. 1,10,00,000 (Rupees One Crore Ten Lakhs Only).



6. To appoint Mr. Partho Datta as an Independent Director of the Bank and shall hold office up to September 29, 2018.



7. To appoint Dr. Pandit Palande as an Independent Director of the Bank and shall hold office up to April 23, 2015.



8. To appoint Mr. Bobby Parikh as an Independent Director of the Bank and shall hold office up to January 26, 2019.



9. To appoint Mr. Mr. A. N. Roy as an Independent Director of the Bank and shall hold office up to January 26, 2019.



10. To appoint Mr. C. M. Vasudev as an Independent Director of the Bank and shall hold office up to August 26, 2014.



11. To appoint Mr. Vijay Merchant as an Independent Director of the Bank and shall hold office up to October 4, 2015.



12. The consent of the Bank is accorded to the Board to create, issue, offer in the course of public or private offerings in domestic or international markets, secur i t ies to investors on pr ivate/



preferential placement basis, for, or which upon exercise or conversion of all securities so issued and allotted could give rise to the issue of additional share capital of up to an aggregate value of INR 10,000 crore.13. Approval of the members is accorded for acquiring and holding equity shares of the Bank, by the Foreign Institutional Investors (FIIs), Foreign Direct Investment covering ADRs / GDRS and indirect foreign investment up to an aggregate limit of 74% of the paid up equity share capital of the Bank.



27-Jun-2014

Axis Bank Limited Annual General Meeting

Management 1. To receive, consider and adopt the Balance Sheet as at 31st March, 2014, Profit & Loss Account and Cash flow statement for the year ended 31st March, 2014 and the Reports of Directors and Auditors thereon.



2. To appoint a Director in place of Shri K. N. Prithviraj, who retires by rotation and, being eligible, offers himself for re-appointment as a Director.



3. To appoint a Director in place of Shri V. Srinivasan, who retires by rotation and, being eligible, offers himself for re-appointment as a Director.



4. To declare a dividend on the Equity Shares of the Bank.



5. To appoint S. R. Batliboi & Co. LLP, Chartered Accountants, as the Statutory Auditors of the Bank to hold office until the conclusion of the next Annual General Meeting.



6. To appoint Smt. Usha Sangwan as a Director of the Bank, who will be liable to retire by rotation.



27


Meeting Date


(AGM/EGM)


Shareholder





7. To approve revised remuneration of Dr. Sanjiv Misra, which was effective from 8th March, 2014.



8. To approve revision in remuneration of Smt. Shikha Sharma, Managing Director & CEO of the bank, effective from 1st June, 2014.



9. To approve the revision in remuneration of Shri Somnath Sengupta, Executive Director & Head (Corporate Centre) of the bank, effective from 1st June, 2014.



10. To approve the revision in remuneration of Shri V. Srinivasan, Executive Director & Head (Corporate Banking) of the bank, effective from 1st June, 2014.



11. Approval of the members of the Bank be and is hereby accorded for amendment in the exercise period from 3 years to 5 years from the date of vesting of options, in respect of options granted with effect from April, 2014 onwards.



12. The consent of the Bank is accorded to do the borrowings which shall not exceed Rs. 1,00,000 crores.



13. The approval of the Members of the Bank is accorded for borrowing / raising funds in Indian currency / foreign currency by issue of debt instruments in domestic and/or overseas market, to eligible investors of an amount not exceeding Rs. 7,500 crores for issuance forming part of Tier I / Tier II capital and US$ 1.5 billion for foreign currency issuances in the overseas market.


For Axis Bank’s debt levels will be maintained at manageable levels at all times

14. To approve sub-division of each Equity Share of the Bank having a face value of Rs. 10 each fully paid up into 5 (Five) Equity Shares of the face value of Rs. 2 each fully paid-up.



15. To approve alteration of Memorandum of Association of the Bank.



16. To approve alteration of Articles of Association of the Bank.



27-Jun-2014

Indian Bank Annual General Meeting

Management 1. Adoption of Audited Financial statements of the Bank for the year ended March 31, 2014.



2. Declaration of final dividend on equity shares for the year 2013-14.



Election of two directors amongst the shareholders of the Bank



27-Jun-2014

Tata Motors Limited

Postal Ballot Management 1. The approval of the Members is accorded for the payment of the Minimum Remuneration to Mr Ravindra Pisharody, Executive Director - Commercial Vehicles in case of no profits or inadequacy of profits in any financial year during the three financial years commencing from April 1, 2014.



2. Approval for payment of minimum remuneration to Mr Satish Borwankar, Executive Director - (Quality) in case of inadequacy of profits and ratification of the excess remuneration paid for the financial year ended March 31, 2014.



3. Approval and ratification of the excess remuneration paid to (late) Mr Karl Slym, Managing Director/ his legal heir in view of inadequacy of profits for the financial year ended March 31, 2014.



4. The consent of the Members be and is hereby accorded to the Board of Directors of the Company for borrowing from time to time any sum or sums of monies provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs. 30,000 crores.


For For the purpose of meeting the capital expenditure and additional working capitalrequirements and any other corporate purposes, as also for creation of charges

28


Meeting Date


(AGM/EGM)


Shareholder





5. The consent of the Members be and is hereby accorded to create charges, mortgages and hypothecations provided that the total amount of Loans together with interest thereon shall not, at any time exceed the limit of Rs.30,000 crores.



6. To offer or invite for Subscription of Non-Convertible Debentures on private placement basis in one or more tranches such that the aggregate amount does not exceed Rs.3,500 crores during a period of one year.


For To compy with Companies (Prospectus and Allotment of Securities) Rules, 2014.

30-Jun-14 ICICI Bank Limited


Management 1. To receive, consider and adopt the audited Profit and Loss Account for the financial year ended March 31, 2014 and Balance Sheet as at that date together with the Reports of the Directors and the Auditors.



2. To declare dividend on preference shares. In favour of the proposal




4. To appoint a director in place of Mr. K. Ramkumar, who retires by rotation and, being eligible, offers himself for re-appointment.



5. To appoint B S R & Co. LLP, Chartered Accountants as statutory auditors of the Company, to hold office from the conclusion of this Meeting until the conclusion of the twenty fourth Annual General Meeting (AGM) of the Company, subject to annual approval of Reserve Bank of India and ratification by Members every year on a remuneration to be fixed by the Board of Directors of the Company.



6. To authorise Board of Directors of the Company to appoint branch auditors, as and when required, in consultation with the statutory auditors, to audit the accounts of the Company’s branches/offices outside India and to fix their terms and conditions of appointment and remuneration, for the year ending March 31, 2015.



7. To appoint Mr. V. K. Sharma in respect of whom the Company has received a notice in writing proposing him as a candidate for the office of director and who is eligible for appointment as an Independent Director, to be appointed as an independent Director of the Company up to March 31, 2019.



8. To appoint Mr. Rajiv Sabharwal, as a whole time Director (designated as Executive Director) of the Company, effective from June 24, 2015 up to June 23, 2020 on conclusion of his term on June 23, 2015 on the terms decided by the company.



9. To alter Articles of Association of the Company. In favour of the proposal


10. The consent of the members is accorded to the Board of Directors to borrow moneys and the total amount of such


For Raising capital for substantial growth in business and operations of the Company,

borrowings outstanding at any time shall not exceed Rs. 250,000 crore (Rupees two hundred and fifty thousand crore).

present and future requirements and to comply with Companies Act, 2013

11.The consent of the Members of the Company is accorded to borrowings by the Board of Directors of the Company, by way of securities including but not limited to bonds and non-convertible debentures upto Rs. 100,000 crore (Rupees One hundred thousand crore) on private placement basis during a period of one year from the date of passing of this Resolution.


For Raising capital for substantial growthin business and operations of the Company, p resen t and f u tu re requirements and to comply with Companies Act, 2014

Quarter ended September 30, 20143-Jul-14 State Bank of

IndiaAnnual General Meeting

Management is in favor of all the

resolutions

1. To receive, discuss and adopt the Balance Sheet and Profit & Loss Account of the State Bank made up to 31st day of March, 2014, the report of the Central Board on the working and activities of the State Bank for the period covered by the Accounts and the Auditor’s Report on the Balance Sheet and Accounts.



29


Meeting Date


(AGM/EGM)


Shareholder





5-Jul-14 Sundaram Finance Limited

Postal Ballot Management is in favor of all the

resolutions

1. To authorize the Board of Directors to borrow monies for the Company provided that the monies so borrowed shall not exceed Rs. 15000 Crore (Fifteen Thousand Crore).



2. To authorize the Board of Directors to make offer or invitation to subscribe to Non – Convertible Debentures on a private placement basis during the period ending 31st July 2015 for a sum not exceeding Rs. 5,500 Crore.


For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purposes, as also for creation of charges

10-Jul-14 eClerx Services Limited



resolutions

1. To receive, consider, approve and adopt the audited financial statements of the company as at 31st March, 2014, the Statement of Profit & Loss Account and Cash Flow Statement for the year ended on the same date along with the report of the Board of Directors and Auditors thereon.



2. To declare dividend for the year ended on March 31, 2014.



3. To appoint a Director in place of Mr. Anjan Malik, who retires by rotation and being eligible offers himself for re- appointment.



4. To appoint M/s. S. R. Batliboi & Associates LLP, Chartered Accountants, Mumbai as Statutory Auditors of the Company for the term of Five consecutive years up to the conclusion of Nineteenth Annual General Meeting of the Company.



5. To appoint Mr. Nityanath Ghanekar an additional Director of the Company, as a Non – Executive Independent Director to hold office for a term up to March 31, 2019, and will not be liable to retire by rotation.



6. To approve the payment of fees of Rs. 10 per page of the document for the delivery of any document through a particular mode to the Members of the Company.



7. To appoint Deepa Kapoor an additional Director of the Company, as a Non – Executive Independent Director to hold office for a term up to March 31, 2019, and will not be liable to retire by rotation.



8. To re-appoint Pradeep Kapoor as Non – Executive Independent Director of the Company, not liable to retire by rotation, for a term up to March 31, 2019.



9. To re-appoint Anish Ghoshal as Non – Executive Independent Director of the Company, not liable to retire by rotation, for a term up to March 31, 2019.



10. To re-appoint Vikram Limaye as Non – Executive Independent Director of the Company, not liable to retire by rotation, for a term up to March 31, 2019.



11. To re-appoint Biren Gabhawala as Non – Executive Independent Director of the Company, not liable to retire by rotation, for a term up to March 31, 2019.



12. To re-appoint Alok Goyal as Non – Executive Independent Director of the Company, not liable to retire by rotation, for a term up to March 31, 2019.



13. To authorise Board of Directors to borrow monies or sums of monies which together with the monies already borrowed shall not exceed at any time Rs. Five Thousand Million over and above aggregate of its paid up share capital and free reserves.



14. To authorize the Board of Directors to create, mortgage and/or on movable and immovable properties provided that the total amount of Loan with interest thereon shall not at any time exceed the limit of Rs. 5,000 Million over and above the aggregate of the paid up share capital of the Company.



10-Jul-14 Tamil Nadu Newsprint & Papers Ltd


resolutions

Alteration of Articles of Association of the Company In favour of the proposal


30


Meeting Date


(AGM/EGM)


Shareholder





10-Jul-14 V.I.P. Industries Limited



resolutions

1. To receive, consider and adopt the audited Balance Sheet as at 31st March, 2014, the Statement Profit & Loss Account for the year ended on that date and the Reports of the Directors and the Auditors thereon.



2. To confirm the payment of interim dividend on equity shares for the financial year 2013-14.



3. To declare final dividend on equity shares for the financial year 2013-14.



4. To accord the consent of the members for not filling the vacancy caused by the retiring Director Mr. Vivek Nair, who has not sought re-appointment, at this meeting or at any adjournment thereof.



5. To appoint M. L. Bhuwania & Co., Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company and to fix their remuneration.



6. To appoint Mr. G. L. Mirchandani, who was appointed as a Director of the Company liable to retire by rotation and whose term expires at this Annual General Meeting, as an Independent Director of the company for a term of 5 years commencing from 10th July 2014 up to 9th July 2019.



7. To appoint Mr. D. K. Poddar, who was appointed as a Director of the Company, as an Independent Director of the Company for a term of 5 years commencing from 10th July 2014 up to 9th July 2019.



8. To appoint Mr. Vijay Kalantri, who was appointed as a Director of the Company, as an Independent Director of the Company for a term of 5 years commencing from 10th July 2014 up to 9th July 2019.



9. To appoint Mr. Nabankur Gupta, who was appointed as a Director of the Company, as an Independent Director of the Company for a term of 5 years commencing from 10th July 2014 up to 9th July 2019.



10. To appoint Mr. Rajeev Gupta, who was appointed as a Director of the Company, as an Independent Director of the Company for a term of 5 years commencing from 10th July 2014 up to 9th July 2019.



11. To appoint Mr. Ashish K. Saha as a Whole-time Director designated as Director - Works of the Company, for a period of three years from 1st February, 2015 to 31st January, 2018 on the terms and conditions, set out in the Agreement to be entered into between the Company and Mr. Ashish K. Saha.



12. To approve the remuneration of the Cost Auditors for the financial year ending March 31, 2015.



11-Jul-14 Larsen & Toubro Limited


resolutions

1. To approve creation of charge on the total assets of the company to secure its borrowings.



2. To authorize the Board of Directors to raise funds through issue of equity shares through Qualified Institutional Placement (QIP), Convertible Bonds, Equity shares through Depository Receipts of an amount not exceeding Rs. 3600 Crore or US $ 600 Million whichever is higher.



3. To authorize Board of Directors to raise funds through Private Placement of Non – Convertible Debentures not exceeding Rs. 6000 Crore.



4. To alter the Articles of Association of the Company. In favour of the proposal


31


Meeting Date


(AGM/EGM)


Shareholder





16-Jul-14 Coal India Ltd Postal Ballot Management is in favor of all the

resolutions

Amendment in the Clause III (A) 1(g) of Main objects Clause of Memorandum of Association.



16-Jul-14 Bajaj Finance Ltd. Annual General Meeting


resolutions

1. Adoption of Accounts. In favour of the proposal


2. Appointment of Dipak Poddar as an Independent Director.



3. Appointment of Ranjan Sanghi as an Independent Director.



4. Appointment of Rajendra Lakhotia as an Independent Director.



5. Modification in the ESOS, 2009. In favour of the proposal

For neccesary modification done in ESOS, as ESOSs are an important retention tool for most of the organisations to retain best talents in the companies.

6. Grant of options to employees of holding &/or subsidiary companies under amended ESOS, 2009.


For ESOSs are an important retention tool for most of the organisations to retain best talents in the companies.

7. Issue of Non-Convertible debenture through Private Placement.



8. Declaration of Dividend. In favour of the proposal


9. Re-appointment of Mr Rahul Bajaj as Director. In favour of the proposal


10. Re-appointment of M/s Dalal & Shah, Chartered Accountants as Auditors.



11. Appointment of Mr Gita Piramal as an Independent Director.



12. Appointment of Nanoo Pamnami, Vice Chairman as Independent Director.



13. Appointment of D S Mehta as Independent Director. In favour of the proposal


14. Appointment of D J Balaji Rao as an Independent Director.



15. Appointment of Omkar Goswami as an Independent Director.



17-Jul-14 Housing Development Finance Corporation Ltd.


resolutions

To mortgage, create charges or hypothecation on the assets of Corporation u/s 180(1) (a) of the Companies Act, 2013.



17-Jul-14 The Federal Bank Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2014 and the Profit & Loss Account for the financial year ended on that date, together with Director’s and Auditor’s Report.



2. To declare a dividend. In favour of the proposal


3. To appoint a Director in place of Shri Shyam Srinivasan, MD & CEO of the Bank who retires by rotation and being eligible offers himself for re – appointment.



32


Meeting Date


(AGM/EGM)


Shareholder





4. To appoint M/s Delloite Haskins & Sells, Chennai, together with M/s M. P. Chitale & Co, Mumbai as Joint Central Statutory Auditors of the Bank for a term from the conclusion of this meeting until the conclusion of next Annual General Meeting and also to fix their remuneration.



5. To authorize the Board of Directors of the Bank to arrange for the audit of the Bank’s branches for the accounting year 2014 – 15 and to appoint and fix remuneration of Branch Auditors in consultation with the Joint Central Statutory Auditors.



6. To appoint Mr. Harish H Engineer, an Additional Director of the Company as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



7. To appoint Smt. Grace Elizabeth Koshie, an Additional Director of the Company as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



8. To appoint Smt. Shubhalakshmi Panse, an Additional Director of the Company as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



9. To appoint Prof. Abraham Koshy as an Independent Director of the Bank for a period of one year with effect from the date of this AGM and also to approve the Honorarium of Rs. 1,25,000/- (Rupees One Lakh Twenty Five Thousand) per month for being Non – Executive Part – Time Chairman of the Bank.



10. To appoint Shri Sudhir M. Joshi, as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



11. To appoint Mr. CA Nilesh S Vikamsey as an Independent Director of the Bank for a period of three years effective from the date of this AGM.



12. To appoint Shri K. M. Chandrasekhar, as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



13. To appoint Shri Dilip G Sadarangani, as an Independent Director of the Bank for a period of 3 years with effect from the date of this AGM.



14. To approve the remuneration of Shri Shyam Srinivasan, Managing Director & Chief Executive Officer of the Bank effective from September 23, 2013.



15. To approve the remuneration payable to Shri Abraham Chacko, Executive Director of the Bank effective from August 8, 2013.



16. To extend the vesting period of options granted in respect of the year 2011 under the Employee Stock Option Scheme 2010.



17. To authorize the Board of Directors to borrow moneys provided that the amount so borrowed and remaining to be repaid shall in the aggregate not exceed Rs. 3000 Crore over and above the paid up capital and free reserves of the Bank.


For The borrowing was done due to projected growth of the bussiness and to avail the benefits of the borrowing made outside India.



resolutions

1. To mortgage, create charges or hypothecation on the assets of Corporation u/s 180(1) (a) of the Companies Act, 2013.



18-Jul-14 Info Edge (India) Limited



resolutions

1. To receive, consider and adopt the Financial Statements of the Company for the year ended 31st March, 2014 including audited Balance Sheet as at 31st March, 2014 and the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.



33


Meeting Date


(AGM/EGM)


Shareholder





2. To declare a final dividend of Rs.1.50/- per equity share and to confirm the interim dividend of Re.1/- per equity share, already paid for the year ended 31st March, 2014.



3. To appoint a Director in place of Mr. Kapil Kapoor, who retires by rotation, and being eligible, offers himself for re-appointment.



4. To appoint M/s Price Waterhouse & Co., Bangalore, Chartered Accountants as Auditors of the Company to hold office until the conclusion of the next annual general meeting for the financial year 2014-2015 and to fix their remuneration.



5. To authorize Board of Directors to appoint Branch Auditors to conduct the audit of accounts of Branch Office(s), of the Company situated in countries other than India, and to hold office until the conclusion of next Annual General Meeting of the Company and also to fix their remuneration.



6. To appoint Mr. Saurabh Srivastava, Director of the Company whose existing term expires at the Annual General Meeting as an Independent Director of the Company to hold office for five consecutive years for a term up to 31st March, 2019.



7. To appoint Mr. Naresh Gupta, Director of the Company whose existing term expires at the Annual General Meeting as an Independent Director of the Company to hold office for five consecutive years for a term up to 31st March, 2019



8. To appoint Mr. Arun Duggal, Director of the Company, as an Independent Director of the Company to hold office for five consecutive years for a term up to 31st March, 2019.



9. To appoint Mr. Ashish Gupta, Director of the Company, as an Independent Director of the Company to hold office for five consecutive years for a term up to 31st March, 2019.



10. To appoint Ms. Bala Deshpande, Director of the Company, as an Independent Director of the Company to hold office for five consecutive years for a term up to 31st March, 2019.



18-Jul-14 Zee Entertainment Enterprises



resolutions

1. To receive, consider and adopt the Audited Financial Statements of the company on a standalone and consolidated Basis, for the financial year ended 31st March, 2014along with the Board’s and Auditor’s Report.



2. To confirm the pro – rata dividend paid on the preference shares of the Company for the financial year ended 31st March, 2014.



3. To declare dividend of Rs. 2 per Equity share for the financial year ended 31st March, 2014.



4. To appoint a Director in place of Dr. Subhash Chandra who retires by rotation and being eligible offers himself for reappointment.



5. To reappoint M/s MGB & Co., Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of this meeting to the conclusion of the next Annual General Meeting.



6. To appoint Prof Sunil Sharma, an Additional Director of the Company, as an Independent Director not liable to retire by rotation for the period up to 21st January, 2017.



7. To appoint Prof Neharika Vohra, an Additional Director of the Company, as an Independent Director not liable to retire by rotation for the period up to 11th March, 2017.



8. To appoint Mr. Subodh Kumar, an Additional Director of the Company, as a Director, liable to retire by rotation.



34


Meeting Date


(AGM/EGM)


Shareholder





9. To appoint Mr. Subodh Kumar as a Whole Time Director designated as ‘Executive Vice Chairman’ of the Company for a period of 3 years with effect from 1 February, 2014.



10. To appoint Lord Gulam Noon, an Independent Director of the Company who was earlier appointed as a Director retiring by rotation, as a Director not liable to retire by rotation.






resolutions

1. Appointment of Dr J J Irani as Independent Director for 5 years



2. Appointment of Mr Naseer Munjee as Independent Director for 5 years



3. Revision of salary range for wholetime Directors In favour of the proposal


4. Re-appointment of Ms Renu Sud Karnad as MD for 5 years with effect from 1.1.2015



5. Re-appointment of Mr V Srinivasa Rangan as Wholetime Director for 5 years with effect from 1.1.2015



6. Approval to payment of commission to Non-Executive Directors



7. "Borrow money upto a limit of Rs 3,00,000 crore" In favour of the proposal


8. Issueance of Redeemable Non Convertible Debentures and/or other hybrid instruments on private placement basis not exceeding ana ggregate of Rs 75,000 crore"



9. Issue of shares under ESOS for a value not exceeding Rs 6,24,21,300.



10. Declaration of Dividend In favour of the proposal


11. Re-appointment of Mr D M Suthankar as Director In favour of the proposal


12. Appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors"



13. "Appointment of M/s PKF, Chartered Accountants as Branch Auditors for Dubai"



14. Appointment of Mr D N Ghosh as Independent Director for 5 years



15. Appointment of Dr Ram S Tarneja as Independent Director for 5 years



16. Appointment of Dr Bimal Jalan as Independent Director for 5 years



17. Appointment of Mr B S Mehta as Independent Director for 5 years



22-Jul-14 Exide Industries Ltd



resolutions

1. Adoption of Accounts. In favour of the proposal


35


Meeting Date


(AGM/EGM)


Shareholder







3. Re-appointment of Mr. R. B. Raheja as Director In favour of the proposal


4. Re-appointment of M/s S. R. Batliboi & CO. LLP, Chartered Accountants as Auditors.



5. Payment of remuneration to Cost Auditors. In favour of the proposal


6. Appointment of Mr. R G Kapadia as an Independent Director for 5 years.



7. Appointment of Mr. Vijay Aggarwal as an Independent Director for 5 years.



8. Appointment of Mr. Sudhir Chand as an Independent Director for 5 years.



9. Payment of remuneration by way of commission to Mr. R G Kapadia, Independent Director.



23-Jul-14 Cairn India Limited



resolutions

1. To receive, consider and adopt the financial statements of the Company for the year ended 31 March, 2014 together with the reports of the Directors’ and Auditors’ thereon.



2. To confirm declaration and payment of interim dividend of INR 6 per equity share made during the year 2013-14 and to declare final dividend of INR 6.50 per equity share for the year ended 31 March, 2014.



3. To appoint a Director in place of Ms. Priya Agarwal, who retires by rotation and is eligible for re-appointment.



4. To appoint S. R. Batliboi & Co. LLP, Chartered Accountants, as statutory auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next annual general meeting and to fix their remuneration.



5. To appoint Mr. Naresh Chandra, who is an Independent Director of the Company and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director, as an Independent Director of the Company to hold office upto 31 March, 2017 and whose term of office shall not be liable to retirement by rotation.



6. To appoint Dr. Omkar Goswami, who is an Independent Director of the Company and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director, as an Independent Director of the Company to hold office upto 31 March, 2017 and whose term of office shall not be liable to retirement by rotation.



7. To appoint Mr. Aman Mehta, who is an Independent Director of the Company and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director, as an Independent Director of the Company to hold office upto 31 March, 2017 and whose term of office shall not be liable to retirement by rotation.



8. To appoint Mr. Edward T Story, who is an Independent Director of the Company and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director, as an Independent Director of the Company to hold office upto 31 March, 2017 and whose term of office shall not be liable to retirement by rotation



36


Meeting Date


(AGM/EGM)


Shareholder





9. To appoint Mr. Tarun Jain who is a non-executive Director of the Company and whose period of office is not liable to retirement by rotation, and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director and whose term of office shall be liable to retirement by rotation.



10. To approve and ratify the remuneration of INR 8,85,000/- (Rupees eight lacs eighty Five Thousand only) plus applicable taxes and out of pocket expenses payable to M/s. Shome & Banerjee (Firm Registration Number: 000001), Cost Accountants, appointed as Cost Auditors of the Company for the financial year 2014-15.



23-Jul-14 Coromandel International Limited



resolutions

1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2014 and the Statement of Profit and Loss of the Company for the year ended on that date and the Reports of the Directors and Auditors thereon.



2. To declare a dividend. In favour of the proposal


3. To appoint a Director in place of Mr. V. Ravichandran, who retires by rotation and, being eligible, offers himself for re-appointment.



4. To appoint M/s Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company to hold office for a period of five consecutive years from the conclusion of this Annual General Meeting until the conclusion of the Fifty Seventh Annual General Meeting and also fix their remuneration.



5. To appoint a Director in place of Dr. BVR Mohan Reddy, who retires by rotation and being eligible, offers himself for re-appointment.



6. To appoint a Director in place of Mr. Prasad Chandran, who was appointed as an Additional Director and holds office up to the date of this Annual General Meeting but being eligible, offers himself for reappointment.



7. To appoint Mr. Uday Chander Khanna as an Independent Director for a period of five years, not liable to retire by rotation.



8. To appoint Mrs. Ranjana Kumar as an Independent Director for a period of two years, not liable to retire by rotation.



9. To borrow monies necessary for the purpose of the business of the Company, provided that the aggregate amount up to which monies may be borrowed by the Board of Directors shall not exceed the sum of Rs. 1,500 crore (Rupees one thousand five hundred crore) at any one time, over and above the paid-up capital and free reserves of the Company.


For Raising capital for substantial growth in business and operations of the Company, present and future requirements and to comply with Companies Act, 2013

10. To approve the payment of remuneration to non - executive directors which shall not exceed in aggregate one percent of the net profits of the Company for each financial year.



11. To ratify the remuneration of the Cost Auditors for the financial year ending March 31, 2015



23-Jul-14 Karur Vysya Bank Ltd.



resolutions

1. Adoption of Accounts In favour of the proposal


2. Appointment of Mr B Swminathan as Independent Director for 3 years



3. Appointment of Dr V G Mohan PRasad as Independent Director for 3 years



4 .Alteration of AoA In favour of the proposal


37


Meeting Date


(AGM/EGM)


Shareholder







6. Re-appointment of Mr A J Suriyanarayana as Director In favour of the proposal


7. Appointment of Auditors & payment of remuneration In favour of the proposal


8. Appointment of Branch Auditors In favour of the proposal


9. Appointment of Mr K P Kumar as Non-Executive Independent Chairman for the period of 2 years from 24.9.2013 to 23.9.2015



10. Re-appointment of Mr K Venkataraman as Managing Director & CEO for the period of 3 years from 1.6.2014 to 31.5.2017



11. Appointment of Mr K K Balu as Independent Director for 2 years



12. Appointment of Mr N S Srinath as Independent Director for 3 years



23-Jul-14 Sundaram Finance Limited



resolutions





3. Re-appointment of Mr S Ravindran as Director In favour of the proposal


4. Re-appointment of Mr Harsha Viji as Director In favour of the proposal


5. "Re-appointment of M/s Brahmayya & Co, Chartered Accountants as Auditors"



6. Appointment of Mr N Venkararamani as Independent Director for the period of 5 years upto 31.3.2019



7. Appointment of Ms Shobhana Ramachandhran as Independent Director for the period of 5 years upto 31.3.2019



8. Appointment of Mr S Mahalingam as Independent Director for the period of 5 years upto 25.5.2019



9. Appointment of Mr A N Raju as Director for the period of 5 years w.e.f. 1.6.2014



23-Jul-14 Transport Corporation of India Ltd



resolutions

1.Adoption of Accounts In favour of the proposal


2. Appointment of Mr S M Datta as Independent Director for the period of 5 years



3. Appointment of Mr O Swaminatha Reddy as Independent Director for the period of 5 years



4. Appointment of Mr K S Mehta as Independent Director for the period of 5 years



5. Appointment of Mr Ashish Bharat Ram as Independent Director for the period of 2 years



38


Meeting Date


(AGM/EGM)


Shareholder





6. Creation of Charges In favour of the proposal


7. Borrow upto Rs 600 crore In favour of the proposal

For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purpose.

8. Contribute, donate, subscribe or otherwise provide assistance to any Charitable, Public & Social etc upto an amount not exceeding Rs 5 crore in any financial year.



9. Mr Chander Agarwal shall retire by rotation with effect from 1 April, 2014





11. Re-appointment of Mr S N Agarwal as Director In favour of the proposal


12. Re-appointment of Mrs Urmila Agarwal as Director In favour of the proposal


13. "Re-appointment of M/s R S Agarwala & Co, Chartered Accountants as Auditors"



14. "Appointment of M/s K B Chitracar & Co, Chartered Accountants as Branch Auditors"



15. "Appointment of M/s R S Agarwala & Co, Chartered Accountants as Branch Auditors"



16. Modify the ESOS-2006 for limited purpose of removing Independent Directors from the category of eligible employees


For ESOS are an important retention tool for most of the organisations to retain best talents and to keep the morale of the emplyees boosted.

17.Keeping the Register of Members / Debenture holders at the premises of M/s BIG Share Services Ltd.


For To comply with the relevant Act and regulations.

25-Jul-14 Atul Ltd. Annual General Meeting


resolutions

1. To receive consider and adopt financial statements of the company for the year ended March 31, 2014 including the Balance Sheet, Profit & Loss Account and the Cash Flow Statement for the year ended on the same date together with the Directors and Auditors Report thereon.



2. To declare dividend In favour of the proposal


3. To appoint a Director in place of Mr. B. N. Mohanan who retires by rotation and being eligible offers himself for reappointment



4. To appoint a Director in place of Mr. B. S. Mehta who retires by rotation and being eligible offers himself for reappointment



5.To appoint Dalal & Shah as the Statutory Auditors of the company from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting



6.To appoint Mr. S M Datta as an Independent Director of the company for five consecutive years upto March 31, 2019



7. To appoint Mr. G. S. Patel as an Independent Director of the company for five consecutive years upto March 31, 2019



8. To appoint Dr. S. S. Baijal as an Independent Director of the company for five consecutive years upto March 31, 2019.



39


Meeting Date


(AGM/EGM)


Shareholder





9. To appoint Mr. H.S. Shah as an Independent Director of the company for five consecutive years upto March 31, 2019.



10. To appoint Mr. V.S. Rangan as an Independent Director of the company for five consecutive years upto March 31, 2019.



11 To re – appoint Mr. B. N. Mohanan as a Whole – time Director of the company, and his receiving of remuneration including minimum remuneration for a period of three years with effect from January 01, 2014.



12. To appoint Mr. S. Namalvar as a Whole – time Director as an Alternate Director to Mr. B. N. Mohanan, and his receiving of remuneration including minimum remuneration with effect from March 28, 2014, during the period he remains.



13. To approve the payment of remuneration of Rs. 2.24 Lacs and out of pocket expenses to R. Nanabhoy & Co, Cost Accountants of the Company for the financial year ending March 31, 2015.



14. The consent of the Company is accorded to create mortgages or charges on the movable or immovable properties of the company.



15. The consent of the Company is accorded to borrow moneys provided that the amount of moneys so borrowed shall not exceed the aggregate of the paid up share capital and the free reserves by more then Rs. 400 Crores.



25-Jul-14 Colgate Palmolive India Ltd



resolutions



2. Re-appointment of Mr Niket Ghate as a Director In favour of the proposal


3. Appointment of M/s Price Waterhouse, Chartered Accountants as Auditors



4. Payment of remuneration to Cost Accountants In favour of the proposal


5. Re-appointment of Mr R A Shah as an Non Executive Independent Director for 5 years with effect from 25.7.2014



6. Re-appointment of Mr P K Ghosh as an Non Executive Independent Director for 5 years with effect from 25.7.2014



7.Re-appointment of Mr J K Setna as an Non Executive Independent Director for 5 years with effect from 25.7.2014



8. Re-appointment of Mr V S Mehta as an Non Executive Independent Director for 5 years with effect from 25.7.2014



9.Re-appointment of Dr (Ms) Indu Shahani as an Non Executive Independent Director for 5 years with effect from 25.7.2014



25-Jul-14 Glenmark Pharmaceuticals Limited



resolutions

1. To receive, consider, approve and adopt the Audited Balance Sheet as at 31 March 2014 and the Statement of Profit and Loss of the Company for the year ended on that date together with the reports of the Directors and Auditors thereon.



2. To declare dividend on Equity Shares In favour of the proposal


3. To reappoint Mrs. B. E. Saldanha (DIN 00007671) as a director who retires by rotation



40


Meeting Date


(AGM/EGM)


Shareholder





4. To appoint Walker, Chandiok & Co LLP (formerly known as Walker, Chandiok & Co) (Firm Registration No. 001076N), be and are hereby appointed as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company at such remuneration as shall be fixed by the Board of Directors of the Company.



5. To reappoint Mr. Sridhar Gorthi (DIN 00035824), as an Independent Director for a term of 5 (five) consecutive years with effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



6. To reappoint Mr. J. F. Ribeiro (DIN 00047630), as an Independent Director for a term of 5 (five) consecutive years with effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



7. To reappoint Mr. N. B. Desai (DIN 00029023), as an Independent Director for a term of 5 (five) consecutive years with effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



8. To reappoint Mr. D. R. Mehta (DIN 01067895), as an Independent Director for a term of 5 (five) consecutive years with effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



9. To reappoint Mr. D. R. Mehta (DIN 01067895), as an Independent Director for a term of 5 (five) consecutive years with effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



10. To reappoint.Mr. Bernard Munos (DIN 05198283), as an Independent Director for a term of 5 (five) consecutive yearswith effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



11. To reappoint Mr.Dr. Brian W. Tempest (DIN 00101235), as an Independent Director for a term of 5 (five) consecutive yearswith effect from 01st April, 2014 to 31st March, 2019 and shall not be liable to retire by rotation



12. To pay the remuneration of Rs. 7.50 lac excluding applicable taxes and reimbursement of actual travel and out-of pocket expenses for the Financial Year ending 31st March 2015 as approved by the Board of Directors of the Company to be paid to Sevekari, Khare & Associates, Cost Accountants, for the conduct of the cost audit of cost records of the Company, be and is hereby ratified and confirmed.



13. To accord the Board of Directors to borrow moneys in excess of the aggregate of the paid-up share capital and free reserves of the Company, provided that the total amount borrowed and outstanding at any point of time, apart from temporary loans obtained/to be obtained from the Company’s Bankers in the ordinary course of business, shall not be in excess of 4,000 Crores (Rupees Four Thousand Crores



26-Jul-14 J.K. Cement Limited



resolutions



2. Appointment of Mr Jayant Narayan Godbole as Independent Director for 5 years



3. Appointment of Dr K B Agarwal as Independent Director for 5 years



4. Appointment of Mr Raj Kumar Lohia as Independent Director for 5 years



5. Appointment of Mr Suparas Bhandari as Independent Director for 5 years



41


Meeting Date


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Shareholder





6. "To borrow upto Rs 5,000 crore" In favour of the proposal


7. To create Mortgages / charges / hypothecations on the properties of the Company



8. Approval to payment of commission to Non-Executive Directors



9. Private placement of Non-onvertible Debentures upto Rs 500 crore


For To compy with Companies (Prospectus and Allotment of Securities) Rules, 2014.

10. "To create, offer, issue and allot securities upto Rs 300 crore"



11. Alteration of AOA. In favour of the proposal




13. Re-appointment of Mr K N Khandelwal as Director In favour of the proposal


14. "Re-appointment of M/s P L Tandon & Co, Chartered Accountants as Auditors"



15. Appointment of Mr Jagendra swarp as Independent Director for 5 years



16. Appointment of Mr Paul Hugentobler as Director for 5 years



17. "Remuneration of M/s K G Goyal & Co, Cost Accountants"



18. Appointment of Mr Achitya Karati as Independent Director for 5 years



19. Appointment of Mr Ashok Sharma as Independent Director for 5 years



26-Jul-14 Petronet LNG Ltd Postal Ballot Management is in favor of all the

resolutions

1. Creation of charge on assets of the Company In favour of the proposal


2. Increase in the borrowing powers upto Rs 20,000 crore.



28-Jul-14 KEC International Limited



resolutions

1. To consider and adopt the Audited Statement of Profit and Loss for the year ended March 31, 2014 and the Balance Sheet as at that date together with Reports of the Directors and Auditors thereon.



2. To declare dividend on equity shares of the Company for the year ended March 31, 2014.



3. To appoint a Director in place of Mr. H. V. Goenka, who retires by rotation, and being eligible, offers himself for re-appointment.



4. To appoint a Director in place of Mr. A. T. Vaswani , who retires by rotation, and being eligible, offers himself for re-appointment.



42


Meeting Date


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Shareholder





5. To appoint Deloitte Haskins & Sells, Chartered Accountants as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting, till the conclusion of the Twelfth Annual General Meeting of the Company.



6. To authorise the Board of Directors to appoint one or more qualified person(s) and/or firm(s) to audit the accounts of the Branches of the Company for the financial year ending on March 31, 2015, in consultation with Auditors of the Company.



7. To appoint Mr. Vinayak Chatterjee, an Additional director, as an Independen Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



8. To appoint Mr. S. S. Thakur as an Independent Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



9. To appoint Mr. G. L. Mirchandani as an Independent Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



10. To appoint Mr. D. G. Piramal as an Independent Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



11. To appoint Mr. S. M. Kulkarni as an Independent Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



12. To appoint Mr. S. M. Trehan as an Independent Director of the Company for a term of five years from July 28, 2014 to July 27, 2019 and shall not be liable to retire by rotation.



13. To accord the consent of the members to the Board of Directors for borrowing any sum or sums of money provided that such borrowing shall not exceed Rs. 16,000 Crore (Rupees Sixteen Thousand crore only).



14. To accord the consent of the Company to the Board of Directors for creation of mortgage and/or charge on all or any of the movable and/or immovable properties of the Company.



15. The consent of the Company is accorded to the Board of Directors to raise funds for refinancing of Debt, long term working capital requirements, capex and other corporate purposes, by way of issuance of redeemable nonconvertible debentures, on private placement basis provided that the aggregate amount so raised shall not exceed Rs. 100 Crore (Rupees One Hundred Crore only).



29-Jul-14 IDFC Ltd. Annual General Meeting


resolutions

1. To receive, consider and adopt the financial statements of the Company for the Financial year ended March 31, 2014 and the Reports of the Directors and Auditors thereon.





3. To appoint a Director in place of Mr. Joseph Dominic Silva (DIN - 06388807), who retires by rotation and being eligible, offers himself for reappointment.



4. To appoint Deloitte Haskins & Sells LLP, Chartered Accountants having as the Statutory Auditors of the Company for a period of one (1) year for the financial year ending March 31, 2015, to hold office from the conclusion of this Annual General Meeting (“AGM”) up to the conclusion of the next AGM of the Company.



43


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5. To Appoint Mr. S. H. Khan as an Independent Director of the Company for a period of two (2) consecutive years to hold office from the conclusion of 17th (Seventeenth) Annual General Meeting (“AGM”) till the conclusion of 19th (Nineteenth) AGM of the Company and who shall not be liable to retire by rotation.



6. To Appoint Mr. Gautam Kaji as an Independent Director of the Company for a period of two (2) consecutive years to hold office from the conclusion of 17th (Seventeenth) Annual General Meeting (“AGM”) till the conclusion of 19th (Nineteenth) AGM of the Company and who shall not be liable to retire by rotation.



7. To Appoint Mr. Donald Peck as an Independent Director of the Company for a period of two (2) consecutive years to hold office from the conclusion of 17th (Seventeenth) Annual General Meeting (“AGM”) till the conclusion of 19th (Nineteenth) AGM of the Company and who shall not be liable to retire by rotation.



8. To accord the consent of the Company to the Board of Directors, to borrow from time to time of such sum(s) of money(ies), secured or unsecured provided that the total amount up to which money(ies) may be borrowed shall not exceed the sum of Rs. 80,000 crore (Rupees Eighty Thousand Crore only) outstanding at any point of time.



9. To accord the consent of the Members of the Company to the Board of Directors to borrow from time to time, by issuance of Non-Convertible Securities on Private Placement basis up to an amount not exceeding Rs. 80,000 crore (Rupees Eighty Thousand Crore only) under one or more shelf disclosure documents, during the period commencing from April 1, 2014 until the conclusion of 18th (Eighteenth) Annual General Meeting.



10. To accord the approval of the Members of the Company to create, issue and offer, in one or more tranches, equity shares and / or preference shares through a domestic public issue including the exercise of a green shoe option, for an amount not exceeding Rs. 2000 crore (Rupees Two Thousand Crore only) at such price, either with or without premium as may be determined by the Board.



11. To accord the approval of the Members of the Company for alteration of the Object Clause of the Memorandum of Association of the Company by inserting a new clause under objects incidental and ancillary to the attainment of the main objects.



30-Jul-14 Cadila Healthcare Limited



resolutions

1. To receive, consider and adopt the audited Balance Sheet as at and the Statement of Profit and Loss of the Company for the year ended on March 31, 2014 and the Reports of the Directors and Auditors thereon.





3. To appoint a Director in place of Mr. Apurva S. Diwanji, who retires by rotation and being eligible offers himself for re-appointment.



4. To appoint M/s Mukesh M. Shah & Co., Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting and to fix their remuneration.



5. To re – appoint Mr. H. Dhanrajgir as an Independent Director of the Company to hold office for a period of five consecutive years for a term upto the conclusion of the 24th Annual General Meeting in the calendar year 2019.



6. To re – appoint Mr. Nitin Raojibhai as an Independent Director of the Company to hold office for a period of five consecutive years for a term upto the conclusion of the 24th Annual General Meeting in the calendar year 2019.



44


Meeting Date


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Shareholder





7. To appoint Mr. D.N. Rawal an Additional Director, as an Independent Director of the Company to hold office for a period of five consecutive years for a term up to the conclusion of the 24th Annual General Meeting in the calendar year 2019.



8. To accord the consent of the members to ratify the remuneration decided by the Board of Directors, based on the recommendation of the Audit Committee, of Rs. 1.02 million to M/s Dalwadi & Associates, Cost Accountants appointed by the Board to conduct the audit of cost records pertaining to Pharmaceutical products manufactured by the Company for the financial year ending on March 31, 2015.



9. To accord the consent of the Company to the Board of Directors to borrow monies for the purpose of business of the Company provided that the total outstanding amount of such borrowings shall not exceed INR 15000 mio [Rupees Fifteen Thousand millions] over and above the aggregate of the paid up capital of the Company and its free reserves at any time.



10. To accord the consent of the members to authorize the Board of Directors of the Company to offer and invite subscription for the Secured Redeemable Non-convertible Debentures [“Bonds”], to the extent of INR 3500 million [Rupees Three Thousand Five Hundred millions], in one or more tranches, during the current financial year ending on March 31, 2015, through private placement subject to the total borrowing of the Company not exceeding the borrowing powers approved by the shareholders under section 180(1)(c) of the Act.


For To augment long term resources for financing, inter alia, the ongoing capital expenditure and for general corporate purposes.

11. To approve and adopt the draft regulations contained in the Articles of association in substitution, and to the entire exclusion of the regulations contained in the existing Articles of Association of the Company.


For To comply with the Companies Act, 2013

30-Jul-14 CESC Ltd. Annual General Meeting


resolutions

1. To receive, consider and adopt the audited financial statements for the year ended 31 March, 2014 along with the reports of Board of Directors and Auditors thereon.



2. To declare dividend. In favour of the proposal


3. To appoint a Director in place of Mr. Sanjiv Goenka who retires by rotation and being eligible offers himself for re – appointment.



4. To appoint a Director in place of Mr. Sanjay Kumar Pai who retires by rotation and being eligible offers himself for re – appointment.



5. To appoint Messrs. Lovelock & Lewes as Auditors of the Company to hold office from the conclusion of this AGM till the conclusion of the thirty ninth AGM of the Company as such remuneration as may be decided by the Audit Committee of the Company.



6. To appoint Mr. Brij Mohan Khaitan as an Independent Director, not liable to retire by rotation, for a period of five years with effect from 1st April, 2014.



7. To appoint Mr. Srikandath Narayan as an Independent Director, not liable to retire by rotation, for a period of five years with effect from 1st April, 2014.



8. To appoint Mr. Chandra Kumar Dhanuka as an Independent Director, not liable to retire by rotation, for a period of five years with effect from 1st April, 2014.



9. To appoint Mr. Pradip Kumar Khaitan as an Independent Director, not liable to retire by rotation, for a period of five years with effect from 1st October, 2014.



10. To appoint Ms. Rekha Sethi, an Additional Director, as an Independent Director of the Company, not liable to retire by rotation, for a period of five years with effect from 30th May, 2014.



45


Meeting Date


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Shareholder





11. To authorize the Board of Director of the company to create charge, mortgage or encumber all the movable or immovable properties of the Company, to secure the term loan and working capital facilities in favor of various Banking authorities.



12. To authorize the Board of Directors to borrow from time to time any sum or sums of moneys, provided that the total amount borrowed and to be borrowed along with the outstanding amount shall not exceed the limit of Rs. 4500 Crores (Four Thousand Five Hundred Crores).


For Raising capital for substantial growth in business and operations of the Company, present and future requirements and to comply with Companies Act, 2013

13. To approve the remuneration of Rs. 5,50,000 of M/s. Shomme & Banerjee, Cost Auditors of the Company for the financial year ending 31st March, 2015



30-Jul-14 Infosys Limited Extra Ordinary General Meeting


resolutions

1. To approve the appointment of Dr. Vishal Sikka as an Additional Director and Whole – Time Director from June 14, 2014 to July 31, 2014, and appoint him as Chief Executive Officer and Managing Director of the Company from August 1, 2014 to June 13, 2019 and to decide other terms and conditions of their appointment.



2. To appoint Mr. K. V. Kamath, Director of the Company as an Independent Director to hold office upto December 1, 2017 and whose office shall not be liable to retire by rotation.



3. To appoint Mr. R. Seshasayee, Director of the Company as an Independent Director to hold office upto May 31, 2018 and whose office shall not be liable to retire by rotation.



30-Jul-14 ITC Ltd. Annual General Meeting


resolutions

1. To consider and adopt the accounts of the Company for the financial year ended 31st March, 2014, along with the reports of Directors and Auditors thereon.



2. To declare dividend for the financial year ended 31st March, 2014.



3. To appoint a Director in place of Mr. Krishnamoorthy Vidyanath who retires by rotation and, being eligible, offers himself for re – appointment.



4. To appoint M/s. Deloitte Haskins & Sells Chartered Accountants as the Auditors of the Company from the conclusion of this Annual General Meeting to hold office for a period of five years till the conclusion of the 108th Annual General Meeting, at a remuneration of Rs. 195,00,000/- (One Crore Ninety Five Lakhs) to conduct the audit for the financial year 2014-15.



5. To increase the maximum number of Directors on the Board of Directors of the Company to 18 (Eighteen) according to the Article 79 of the Articles of Association of the Company.


For To comply with Companies Act, 2014

6. To approve the variation in terms of remuneration paid or payable to the Whole – Time Directors of the Company with effect from 1st April, 2013, for the residual period of their respective appointment.



7. To approve the re- appointment of Mr. Nakul Anand as a Director, liable to retire by rotation and also as a Whole – Time Director of the Company, for a period of five years with effect from 3rd January, 2014 or till such earlier date to conform with the policy on retirement and as may be determined by the Board of Directors of the Company.



8. To approve the re- appointment of Mr. Pradeep Vasant Dhobale as a Director, liable to retire by rotation and also as a Whole – Time Director of the Company, for a period of five years with effect from 3rd January, 2014 or till such earlier date to conform with the policy on retirement and as may be determined by the Board of Directors of the Company.



9. To appoint Mr. Shailabhadra Banerjee as an Independent Director of the Company for a period of five years from the date of this meeting or till such earlier date to conform with the policy on retirement.



46


Meeting Date


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Shareholder





10. To appoint Mr. Robert Earl Lerwill as a Director of the Company, liable to retire by rotation for a period of five years from the date of this meeting or till such earlier date to conform with the policy on retirement and as may be determined by the Board of Directors of the Company.



11. To appoint Mr. Suryakant Balkrishna Mainak as a Director of the Company, liable to retire by rotation for a period of five years from the date of this meeting or till such earlier upon withdrawal by the recommending Institution or to conform with the policy on retirement and as may be determined by the Board of Directors of the Company.



12. To approve the Alteration in Articles of Association of the Company which says to collect Rs. 10 per page for making available copies of any documents/ registers/ records maintained by the Company to any person entitled to receive copies thereof upon request.



30-Jul-14 Lupin Limited Annual General Meeting


resolutions

1. To receive, consider and adopt the audited financial statements including the Balance Sheet as at March 31, 2014, the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.



2. To confirm the payment of interim dividend at Rs. 3/- per equity share and declare final dividend at Rs. 3/- per equity share for the year ended March 31, 2014.



3. To appoint a director in place of Dr. Kamal K. Sharma, who retires by rotation and being eligible, offers himself, for re-appointment.



4. To re-appoint Deloitte Haskins & Sells LLP, Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Fourth Annual General Meeting and to fix their remuneration.



5. To appoint Dr. Vijay Kelkar Non-Executive Director of the Company, as an Independent Director of the Company to hold office for a period of one year from the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Third Annual General Meeting of the Meeting.



6. To appoint Mr. Richard Zahn Non-Executive Director of the Company, as an Independent Director of the Company to hold office for a period of one year from the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Third Annual General Meeting of the Meeting.



7. To appoint Mr. R. A. Shah Non-Executive Director of the Company, as an Independent Director of the Company to hold office for a period of one year from the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Third Annual General Meeting of the Meeting.



8. To appoint Dr. K. U. Mada Non-Executive Director of the Company, as an Independent Director of the Company to hold office for a period of one year from the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Third Annual General Meeting of the Meeting.



9. To appoint Mr. Dileep C. Choksi Non-Executive Director of the Company, as an Independent Director of the Company to hold office for a period of one year from the Thirty-Second Annual General Meeting till the conclusion of the Thirty-Third Annual General Meeting of the Meeting.



10. To ratify the remuneration payable to Mr. S. D. Shenoy, Cost Auditor, for conducting cost audit for the year ending March 31, 2015.



47


Meeting Date


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Shareholder





11. To authorize the Board of Directors to create mortgage or charge of all the immovable and/or movable properties of the Company, for the amount not exceeding Rs. 20,000 million (Rupees twenty thousand million only).



30-Jul-14 Tata Steel Limited Postal Ballot Management is in favor of all the

resolutions

1. To accord consent of the Company to borrow any sum or sums of monies provided that the total amount so borrowed shall not at any time exceed Rs. 70,000 Crores or the aggregate of the paid up capital and free reserves, whichever is higher.


For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purposes for supporting expansion of bussiness in India.

2. To accord consent of the Company to create charges, mortgages and hypothecation provided that they shall not at any time exceed Rs. 70,000 Crores or the aggregate of the paid – up capital and free reserves of the Company, whichever is higher.



3. To accord consent of the Company to issue, offer and allot securities on the private placement basis up to the amount not exceeding Rs. 14000 crores.



30-Jul-14 Solar Industries (I) Ltd


resolutions

1. Alteration of Main Objects Clause of Memorandum of Association.



2. Borrow money up to a limit of Rs 1000 crore. In favour of the proposal


3. Create charge on assets of the Company up to Rs 1000 crore.



4. Transaction with related parties In favour of the proposal


31-Jul-14 Dr. Reddy’s Laboratories Limited



resolutions

1. To receive, consider and adopt the Balance Sheet as at 31 March 2014 and the Statement of Profit and Loss of the Company for the year ended on that date along with the Reports of the Directors’ and Auditors’ thereon.



2. To declare dividend on the equity shares for the financial year 2013-14.



3. To appoint a director in place of Mr. Anupam Puri, who retires by rotation, and being eligible, seeks re-appointment as non-retiring Independent Director for a period of 4 (four) years.



4. To appoint a director in place of Dr. Bruce L A Carter, who retires by rotation, and being eligible, seeks re-appointment as non-retiring Independent Director for a period of 5 (five) years.



5. To appoint a director in place of Mr. Sridar Iyengar, who retires by rotation, and being eligible, seeks re-appointment as non-retiring Independent Director for a period of 5 (five) years.



6. To appoint M/s. B S R & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of the 30th Annual General Meeting up to the conclusion of the 32nd consecutive Annual General Meeting and fix their remuneration.



7. To re - appoint Dr. Ashok S Ganguly, as an Independent Director, not liable to retire by rotation, to hold office for a term of 3 (three) consecutive years up to the conclusion of the 33rd AGM of the Company.



8. To re - appoint Dr. J P Moreau, as an Independent Director, not liable to retire by rotation, to hold office for a term of 1 (one) year up to the conclusion of the 31st AGM of the Company.



9. To re - appoint Ms. Kalpana Morapia, as an Independent Director, not liable to retire by rotation, to hold office for a term of 5 (five) years up to the conclusion of the 35th AGM of the Company.



48


Meeting Date


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Shareholder





10. To re - appoint Dr. Omkar Goswami, as an Independent Director, not liable to retire by rotation, to hold office for a term of 5 (five) years up to the conclusion of the 35th AGM of the Company.



11. To re - appoint Mr. Ravi Bhoothalingam, as an Independent Director, not liable to retire by rotation, to hold office for a term of 2 (Two) consecutive years up to the conclusion of the 32nd AGM of the Company.



12. To accord the approval of the Company to vary the terms of appointment of Mr. G V Prasad Co-Chairman, Managing Director and Chief Executive Officer, by making his office liable to retire by rotation.



13. To accord the approval of the Company to vary the terms of appointment of Mr. Satish Reddy, Chairman, by making his office liable to retire by rotation.



14. To approve the remuneration of Rs. 6.00 lakhs (rupees six lakhs) payable to cost auditors, M/s. Sagar & Associates for the financial year 2014-15.



15. The approval of the members is sought to the Board of Directors to enter into contracts/arrangements/transactions with Dr. Reddy’s Laboratories Inc., USA (DRL Inc.), wholly-owned subsidiary of the Company and a related party to transfer or receipt of products, goods, materials or services, for an estimated amount of up to US$ 1,100 million every financial year on such terms and conditions as may be mutually agreed upon between the Company and DRL Inc.


For T h e c o n t r a c t s / a r r a n g e m e n t s / transactions relating to transfer or receipt of products, goods, materials or services with DRL Inc. are material in nature as these transactions are likely to exceed 20% of the net worth of the Company as per the last audited financial statements of the Company.

31-Jul-14 IPCA Laboratories Limited



resolutions

1. To receive, consider and adopt the Balance Sheet of the Company as at 31st March, 2014 and the Statement of Profit & Loss for the year ended on that date and the Reports of the Directors and Auditors thereon.



2. To declare / confirm payment of dividend on equity shares.



3. To appoint a Director in place of Mr. Ajit Kumar Jain (DIN 00012657) who retires by rotation and being eligible, offers himself for re-appointment.



4. To appoint a Director in place of Mr. Pranay Godha (DIN 00016525) who retires by rotation and being eligible, offers himself for re-appointment.



5. To appoint Auditors to hold office until the conclusion of the next Annual General Meeting and to fix their remuneration.



6. To accord the approval of members to the re-appointment of and remuneration payable to Mr. Ajit Kumar Jain as the Joint Managing Director of the Company for a further period of 5 years commencing 21st August, 2014 on the terms and conditions as approved by the Nomination and Remuneration Committee of the Board and as set out in the agreement dated 29th May, 2014 entered into between the Company and Mr Ajit Kumar Jain.



7. To appoint Mr. Babulal Jain, a non-executive Director, as an Independent Director of the Company to hold office for five consecutive years up to 31st March, 2019.



8. To appoint Mr. Anand T. Kusre, a non-executive Director, as an Independent Director of the Company to hold office for five consecutive years up to 31st March, 2019.



9. To appoint Mr. Dev Prakash Yadava, a non-executive Director, as an Independent Director of the Company to hold office for five consecutive years up to 31st March, 2019.



10. To appoint Dr. Ramakanta Panda, a non-executive Director, as an Independent Director of the Company to hold office for five consecutive years up to 31st March, 2019.



49


Meeting Date


(AGM/EGM)


Shareholder





11. The consent of the Company is accorded to the Board of Directors to borrow any sum or sums of money from time to time provided that the total amount so borrowed shall not at any time exceed the limit of Rs. 2000 Crores (Rupees Two Thousand Crores). The consent is also provided to mortgage and/or create charge on any or all of the movable and immovable properties of the Company and also on the whole or substantially the whole of any or all of the undertakings of the Company to secure the borrowings on such terms and conditions as the Board of Directors of the Company may consider to be in the interest of the Company.



12. To authorize the Board of Directors to create, offer, issue and allot, to or for the benefit of such person(s) as are in the permanent employment of the Company and of its subsidiaries and the Whole-time working Directors of the Company at any time, equity shares or equity linked securities of the Company and/or warrants (whether attached to any security or not) with an option exercisable by the warrant-holders to subscribe for equity shares or other securities convertible into equity shares of the Company.


For It is an important retention tool for most of the organisations to retain best talents in the companies.

13. To approve the remuneration of Rs. 4,75,000 (Rupees Four Lacs Seventy Five Thousand Only) plus service tax and reimbursement of traveling and other out of pocket expenses to be paid to M/s. ABK & Associates, Cost Accountants who have been appointed as the Cost Auditors of the Company to conduct the audit of the cost records for the financial year 2014-15.



12-Aug-14 Britannia Industries Limited



resolutions

1. Adoption of Audited Statement of Profit and Loss for the year ended 31 March 2014 and the Balance Sheet as on that date and the Reports of the Directors and the Auditor's thereon.



2. Declaration of Dividend for the Financial Year ended 31 March 2014.



3. Appoint a Director in place of Mr. A K Hirjee, who retires by rotation and being eligible, offers himself for re-appointment.



4. Appoint a Director in place of Mr. Jeh N Wadia, who retires by rotation and being eligible, offers himself for re-appointment.



5. Appoint M/s. BSR & Co. LLP, Chartered Accountants, as Statuary Auditors of the Company.



6. Appoint Mr. Varun Berry as Director of the Company In favour of the proposal


7. Appoint Mr. Varun Berry as Whole Time Director designated as Executive Director of the Company.



8. Appoint Mr. Varun Berry as Managing Director of the Company.



9. Approval for Change in Terms and Conditions of appointment of Mr. Varun Berry as Managing Director of the Company.



10. Appoint Mrs. Ranjana Kumar as Director of the Company.



11. Appoint Dr. Ajai Puri as Independent Director of the Company.



12. Appoint Mr. Keki Dadiseth as Independent Director of the Company.



13. Appoint Mr. Avijit Deb as Independent Director of the Company.



50


Meeting Date


(AGM/EGM)


Shareholder





14. Appoint Mr. Nimesh N Kampani as Independent Director of the Company.



15. Appoint Mr. S.S.Kelkar as Independent Director of the Company.



16. Appoint Mr. Nasser Munjee as Independent Director of the Company.



17. Appoint Dr. Vijay L Kelkar as Independent Director of the Company.



18. Appoint Mrs. Ranjana Kumar as Independent Director of the Company.



19. Approval of the Remuneration of the Cost Auditors. In favour of the proposal


20. Special Resolution under Sections 197 of the Companies Act, 2013 for payment of remuneration to Non-Executive Directors of the Company (i.e. directors other than the Managing Director and / or the Whole time Directors).



21. Special Resolution Under Sections 180(1)(c) of the Companies Act, 2013 for borrowing up to Rs. 2,000 crores.


For In view of the enactment of the new Companies Act, 2013, the company has sought fresh approval of the resolution already passed in Annual General Meeting held on 31 August 2009.

22. Special Resolution Under Sections 180(1)(a) of the Companies Act, 2013 for creating charges, mortgages and hypothecations in connection with the borrowing up to Rs. 2,000 crores.


For In view of the enactment of the new Companies Act, 2013, the company has sought fresh approval of the resolution already passed in Annual General Meeting held on 31 August 2009.

14-Aug-14 Tata Steel Limited Annual General Meeting


resolutions

1. To receive, consider and adopt the Audited Statement of Profit and Loss for the year ended 31st March, 2014 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors thereon.



2. To declare dividend on the Ordinary Shares of the Company.



3. To appoint a director in the place of Mr. Cyrus P. Mistry (DIN: 00010178), who retires by rotation and is eligible for re-appoinment.



4. To appoint a director in the place of Mr. Ishaat Hussain (DIN: 00027891), who retires by rotation and is eligible for re-appoinment.



5. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm's Registration No. 117366W/W -100018), be and is hereby re-appointed as Auditors of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the hundred and tenth AGM of the Company to be held in the year 2017 and to fix his remuneration.



6. To appoint a director in the place of Mr. T. V. Narendran (DIN: 03083605), who was appointed as an add i t iona l d i rec tor o f the Company by the Board of Di rectors wi th effect f rom



19th September, 2013 and who holds office upto the date of the forthcoming Annual General Meeting but who is eligible for appointment.7. To approves the appointment and terms of remuneration of Mr. T. V. Narendran (DIN: 03083605), Managing Director of the Company for the period from 19th September, 2013 to 18th September, 2018, not liable to retire by rotation.



8. To appoint Mr. Nusli N. Wadia (DIN: 00015731), a non-executive director of the Company as an Independent Director of the Company with effect from 14th August, 2014 up to 14th February, 2019.



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9. To appoint Mr. Subodh Bhargava (DIN: 00035672), a non-executive director of the Company, as an Independent Director of the Company with effect from 14th August, 2014 up to 29th March, 2017.



10. To appoint Mr. Jacobus Schraven (DIN: 01462126), a non-executive director of the Company, who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible for appointment, be and is hereby appointed as an Independent Director of the Company with effect from 14th August, 2014 up to 7th February, 2017.



11. To appoint Mrs. Mallika Srinivasan (DIN: 00037022), a non-executive director of the Company, as an Independent Director of the Company with effect from 14th August, 2014 up to 13th August, 2019.



12. To appoint Mr. O. P. Bhatt (DIN: 00548091), a non-executive director of the Company, as an Independent Director of the Company with effect from 14th August, 2014 up to 13th August, 2019.



13. To ratify the remuneration of 12 lakhs plus out-of-pocket expenses payable to M/s. Shome & Banerjee, who are appointed as Cost Auditors of the Company to conduct Cost Audits relating to businesses of the Company for the year ending 31st March, 2015.



16-Aug-14 IPCA Laboratories Limited


resolutions

1. Special Resolution for Alteration in the Object Clause of the Memorandum of Association of the company.



21-Aug-14 Hindustan Petroleum Corporation Limited


resolutions

1. Special Resolution Under Section 180 (1)(c) & 180 (1)(a) of the Companies Act, 2013 for exercising the borrowing powers of the company up to Rs.30,000 crores in excess of the aggregate of its paid up share capital and free reserves and for creation of charge/ providing of security of the assets of the company


For To comply with the Companies Act, 2013 the company has sought freash approval of the resolution already in Postal Ballot on 18.04.2012.

21-Aug-14 Tata Chemicals Limited



resolutions

1. To receive, consider and adopt the Audited Statement of Profit and Loss for the year ended 31st March, 2014 and Balance Sheet as at that date together with the Reports of the Board of Directors and Auditors thereon.



2. Declaration of dividend on Ordinary Shares for the Financial Year 2013 14.



3. To appoint a Director in place of Mr. R. Gopalakrishnan (holding DIN 00027858), who retires by rotation and being eligible, offers himself for re-appointment.



4. To appoint Deloitte Haskins & Sells LLP, Chartered Accountants (Registration No. 117366W/W100018) as Auditors of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the Seventy Eighth (78th) AGM to be held in 2017 (subject to ratification of their appointment at every AGM).



5. To reappoint Mr. Nusli Wadia (holding DIN 00015731), a Non-Executive Director of the Company, as an Independent Director of the Company with effect from 21st August, 2014 up to 15th February, 2019.



6. To reappoint Mr. Nasser Munjee (holding DIN 00010180), a Non-Executive Director of the Company, as an Independent Director of the Company with effect from 21st August, 2014 up to 20th August, 2019



7. To appoint Mr. Eknath Kshirsagar (holding DIN 00121824), a Non-Executive Director of the Company, as an Independent Director of the Company with effect from 21st August, 2014 up to 10th September, 2016.



8. To reappoint Dr. Y. S. P. Thorat (holding DIN 02652734), a Non-Executive Director of the Company,as an Independent Director of the Company, with effect from 21st August, 2014 up to 20th August, 2019.



9. To appoint Dr. Vijay Kelkar (holding DIN 00011991), a Non-Executive Director of the Company, as an Independent Director of the Company, with effect from 21st August, 2014 up to 15th May, 2017.



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10. Consent of the Company be and is hereby accorded to the re-appointment and terms of remuneration of Mr. R. Mukundan (holding DIN 00778253) as a Managing Director of the Company for a period of 5 years, with effect from 26th November, 2013 upto 25th November, 2018.



11. To accord the re-appointment and terms of remuneration of Mr. P. K. Ghose (holding DIN 00034945) as an Executive Director & CFO of the Company with effect from 26th November, 2013 upto 30th September, 2015 (till he attains the retirement age).



12. To ratify remuneration payable to Cost Auditors - M/s. N. I. Mehta & Co., Cost Accountants and M/s. Ramanath Iyer & Co; Cost Accountants who were appointed as Cost Auditors of the Company to conduct Cost Audits relating to cost records of the Company for the year ending 31st March, 2015



13. To authorise the Board of Directors to borrow upto Rs. 5,500 crore (Rupees Five thousand five hundred crore only) or the aggregate of the paid up share capital and free reserves of the Company, whichever is higher.


For To comply with the Companies Act, 2013 the company has sought freash approval of the resolution already in 69th Annual General Meeting held on 4th August, 2008 on 18.04.2012.

14. To authorise the Board of Directors to create such charges, mortgages and hypothecations if any, created by the Company, on such movable and immovable properties, both present and future, in respect of the above borrowings.


For To comply with the Companies Act, 2013 the company has sought freash approval of the resolution already in 69th Annual General Meeting held on 4th August, 2008 on 18.04.2012.

15. To authorise the Board of Directors of the Company (the Board to offer or invite subscriptions for Redeemable Non-Convertible Debentures, in one or more tranches, such that aggregate amount does not exceed Rs. 1,000 crore (Rupees one thousand crore only) on private placement on such terms and conditions as the Board may, from time to time, determine and consider proper and most beneficial to the Company during a period of one year from the date of passing the Resolution and that the said borrowing is within the overall borrowing limit of the Company.



22-Aug-14 Sun Pharmaceutical Industries Limited

Court Meeting


resolutions

1. To consider, approve, with or without modification(s), the Scheme of Arrangement between Ranbaxy Laboratories Limited, the Transferor Company and Sun Pharmaceutical Industries Limited the Applicant Company, for the proposed amalgamation to be made between Ranbaxy Laboratories Limited, Sun Pharmaceutical Industries Limited and their respective Shareholders


For The amalgamation was to consolidate a n d e f f e c t i v e l y m a n a g e t h e pharmaceutical and related businesses and to provide synergy benefits, attain efficiencies and cost competitiveness.

25-Aug-14 Divis Laboratories Limited



resolutions

1. To consider and adopt the audited Balance Sheet as at 31st March, 2014, the Statement of Profit and Loss Account along with the Director’s and Auditors Report thereon.



2. To declare dividend for the financial year 2013-14. In favour of the proposal


3. To appoint a Director in place of Mr. Kiran S. Divi, who retires by rotation and being eligible offers himself for re - appointment.



4. To appoint M/s. P.V.R.K. Nageswara Rao & Co., Chartered Accountants as Statutory Auditors of the Company who shall hold office from the conclusion of this AGM for three consecutive years until the conclusion of the 27th AGM of the Company.



5. To appoint Shri K.V.K. Seshavataram an Additional Director as an Independent Director of the Company for a term of five consecutive years upto June 22, 2019 not liable to retire by rotation.



6. To appoint Smt. S. Sridevi an Additional Director as a Small Shareholder Director of the Company for a term of three consecutive years upto 22nd June, 2017, not liable to retire by rotation.



7. To reappoint Director Mr. G Suresh Kumar (DIN 00183128) who retires by rotation and being eligible offers himself for re - appointment and is appointed for a term of 5 years upto 31 st March, 2019, not liable to retire by rotation.



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8. To reappoint Director Mr.R.Rang Rao (DIN 06409742) who retires by rotation and being eligible offers himself for re - appointment and is appointed for a term of 5 years upto 31 st March, 2019, not liable to retire by rotation.



9. To reappoint Director Dr. Murali K Divi (DIN 00005040) who retires by rotation and being eligible offers himself for re - appointment as an Independent Director and is appointed for a term of 5 years effect from 1st october,2014



10. To reappoint Director Shri N V Ramana (DIN 00005031) who retires by rotation and being eligible offers himself for re - appointment as an Executive Director and is appointed for a term of 5 years effect from December 26,2014



11. To adopt and approve draft regulations contained in Articles of Association .



25-Aug-14 Motherson Sumi Systems Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March, 2014 and Statement of Profit & Loss for the year ended on that date together with reports of the Directors and Auditors thereon.



2. To declare the dividend on the equity shares of the Company for the year 2013-14.



3. To appoint a Director in place of Mr. Pankaj Mital (DIN-00194931), who retires by rotation and being eligible offers himself for reappointment.



4. To appoint M/s. Price Waterhouse, Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the 30th Annual General Meeting to be held in the year 2017.



5. To appoint Ms. Noriyo Nakamura (DIN-06809512), who was appointed as a Director of the Company w.e.f. 31.01.2014 in the casual vacancy caused by the resignation of Mr. Hideaki Ueshima and who retires at this Annual General Meeting and in respect of whom the Company has received a notice in writing from a member pursuant to Section 160 of the Companies Act, 2013, proposing her candidature for the office of Director, as a Director of the Company, liable to retire by rotation.



6. To appoint Ms. Geeta Mathur (DIN- 02139552), who was appointed as an Additional Director of the Company w.e.f. 31st January, 2014 in terms of Section 161 of the Companies Act, 2013 and Article 85(2) of the Articles of Association of the Company and who holds office up to the date of this Annual General Meeting and in respect of whom the Company has received a notice in writing from a member pursuant to Section 160 of the Companies Act, 2013 proposing her candidature for the office of Director, as an Independent Director of the Company to hold the office for 5 (five) consecutive years for a term up to the 32nd Annual General Meeting of the Company to be held in the year 2019.



7. To appoint Maj. Gen. Amarjit Singh (Retd.)(DIN-00211758), a non-executive Director of the Company, who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible for appointment, as an Independent Director of the Company to hold the office for 5 (five) consecutive years for a term up to the 32nd Annual General Meeting of the Company to be held in the year 2019.”



8. To reappoint Mr. S.C. Tripathi, IAS (Retd.) (DIN- 0941922), a nonexecutive Director of the Company, as an Independent Director of the Company to hold the office for 5 (five) consecutive years for a term up to the 32nd Annual General Meeting of the Company to be held in the year 2019.



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Shareholder





9. To reappoint Mr. Arjun Puri (DIN-00211590), a nonexecutive Director of the Company, as an Independent Director of the Company to hold the office for 5 (five) consecutive years for a term up to the 32nd Annual General Meeting of the Company to be held in the year 2019.



10. To reappoint Mr. Gautam Mukherjee (DIN-02590120), a non-executive Director of the Company, as an Independent Director of the Company to hold the office for 5 (five) consecutive years for a term up to the 32nd Annual General Meeting of the Company to be held in the year 2019.



11. To reappoint Mr. Pankaj Mital (DIN-00194931) as a Whole-time Director designated as Chief Operating Officer of the Company for a period of three years w.e.f. April 1, 2014 and to fix his remuneration.



27-Aug-14 Aurobindo Pharma Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2014 and the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Report of the Board of Directors and the Auditors thereon.



2. To confirm the first interim dividend of Rs. 1.25 and the second interim dividend of Rs. 1.75, in aggregate Rs. 3 per equity share of Rs. 1 each, as dividend for the year 2013-14.



3. To appoint a Director in place of Mr. M. Madan Mohan Reddy (DIN: 01284266) who retires by rotation and being eligible, seeks re-appointment.



4. To appoint a Director in place of Mr. K. Nithyananda Reddy (DIN: 01284195) who retires by rotation and being eligible, seeks re-appointment.



5. To appoint M/s. S.R. Batliboi & Associates LLP, Chartered Accountantsas the statutory auditors of the Company to hold office from the conclusion of the 27th Annual General Meeting to the conclusion of the 30th Annual General Meeting of the Company.



6. To appoint Mr. M. Sitarama Murty (DIN-01694236), Director of the Company in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 signifying his intention to propose Mr. M. Sitarama Murty as a candidate for the office of director of the Company as an Independent Director of the Company to hold office up to March 31, 2019, not liable to retire by rotation.



7. To appoint Dr. D. Rajagopala Reddy (DIN - 01728382), Director of the Company in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 signifying his intention to propose Dr. D. Rajagopala Reddy as a candidate for the office of director of the Company be and is hereby appointed as an Independent Director of the Company to hold office up to March 31, 2019, not liable to retire by rotation.



8. To appoint Mr. K. Ragunathan (DIN - 00523576), Director of the Company in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 signifying his intention to propose Mr. K. Ragunathan as a candidate for the office of director of the Company be and is hereby appointed as an Independent Director of the Company to hold office up to March 31, 2019, not liable to retire by rotation.



9. To pay the remuneration of Rs. 5 lakhs plus service tax with reimbursement of out-of-pocket expenses to M/s. Sagar & Associates, Cost Auditors of the Company, to conduct the audit of the cost records of the Company for the financial year 2014-15



30-Aug-14 Gayatri Projects Limited


resolutions

1. To raise funds through issue of securities. In favour of the proposal


55


Meeting Date


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Shareholder





2. To increase the authorise share capital of company. In favour of the proposal


3. To increase the FII /FPI investments limits in the company.



4. To increase the borrowing power of the company and creation of securitieson the properties of the company.



1-Sep-14 Bharti Airtel Limited



resolutions

1. To receive, consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2014, along with Director’s and Auditors Report thereon.



2. To approve a final dividend of Rs. 1.80 per equity share of Rs. 5/- each fully paid up for the financial year 2013-14.



3. To appoint Ms. Chua Sock Koong (DIN 00047851), who retires by rotation and being eligible offers herself for re-appointment, as a Director of the Company liable to retire by rotation.



4. To appoint Mr. Rajan Bharti Mittal, who retires by rotation and being eligible offers herself for re-appointment, as a Director of the Company liable to retire by rotation



5. To appoint M/s. S. R. Batliboi & Associates LLP, Chartered Accountants, as the Statutory Auditors of the Company for a period of three years i.e. from the conclusion of this 19th Annual General Meeting till the conclusion of 22nd Annual General Meeting of the Company, subject to annual ratification by the members at every Annual General Meeting and at such remuneration as may be fixed by the Board of Directors of the Company on the recommendation of the Audit Committee



6. To appoint Sheikh Faisal Thani Al-Thani as a Director of the Company, liable to retire by rotation.



7. To appoint Mr. Bernardus Johannes Maria Verwaayen (DIN 06735687) as an Independent Director of the Company to hold office for a period of five consecutive years from the original date of appointment i.e. December 27, 2013 upto December 26, 2018.



8. To appoint Mr. Vegulaparanan Kasi Viswanathan (DIN 01782934) as an Independent Director of the Company to hold office for a period of five consecutive years from the original date of appointment i.e. January 14, 2014 upto January 13, 2019.



9. To appoint Mr. Dinesh Kumar Mittal (DIN 00040000) as an Independent Director of the Company to hold office for a period of five consecutive years from the original date of appointment i.e. March 13, 2014 upto March 12, 2019.



10. To appoint Mr. Manish Santoshkumar Kejriwal (DIN 00040055) as an Independent Director of the Company to hold office for a period of five consecutive years from the original date of appointment i.e. September 26, 2012 upto September 25, 2017.



11. To appoint Ms. Obiageli Katryn Ezekwesili (DIN 06385532) as an Independent Director of the Company to hold office for a period of three consecutive years from the original date of appointment i.e. September 26, 2012 upto September 25, 2015



12. To appoint Mr. Craig Edward Ehrlich (DIN 02612082) as an Independent Director of the Company to hold office upto April 28, 2018.



13. To appoint Mr. Ajay Lal (DIN 00030388) as an Independent Director of the Company to hold office upto January 22, 2015.



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Meeting Date


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Shareholder





14. To pay the remuneration of Rs. 6,93,000/- plus service tax and reimbursement of out of pocket expenses as approved by the Board of Directors on the recommendation of Audit Committee, to M/s. R. J. Goel & Co., Cost Accountants, Cost Auditor of the Company for the financial year ending March 31, 2015.



2-Sep-14 ING Vyasa Bank Limited


resolutions

1. To accord the consent to the Board of Directors to borrow from time to time, of all moneys deemed by them to be requisite or proper for the purpose of carrying on the business of the Bank, provided that the total amount of such borrowings outstanding at any time shall not exceed an amount of Rs. 20,000 crore (Rupees twenty thousand crore).



2. To accord consent to the Board of Directors of the Bank to borrow from time to time, by way of issue of securities including but not limited to bonds and non-convertible debentures upto Rs. 700 crore (Rupees Seven hundred crore) on private placement basis during a period of one year from the date of passing of this Resolution within the overall borrowing limits of the Bank, as approved by the Members, from time to time.


For To to maintain capital adequacy and support balance sheet growth.

4-Sep-14 Bharat Forge Limited



resolutions

1. To consider and adopt the audited Balance Sheet as at March 31, 2014, the Statement of Profit and Loss for the financial year ended as on that date and the reports of the Board of Directors and Auditors thereon.



2. To confirm the payment of an interim dividend and to declare a final dividend on Equity Shares for the financial year 2013-14.



3. To appoint a Director in the place of Mr. S. K. Chaturvedi (DIN: 02183147), who retires by rotation, and being eligible, offers himself for re-appointment.



4. To appoint a Director in the place of Mr. B. P. Kalyani (DIN: 00267202), who retires by rotation, and being eligible, offers himself for re-appointment.



5. To appoint M/s. S R B C & Co. LLP [Firm Registration No. 324982E] as Statutory Auditors of the Company, in place of retiring Auditors M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, to hold the office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the fifty-sixth (56th) AGM of the Company to be held in the year 2017 (subject to ratification of their appointment at every AGM) at such remuneration plus service tax, out of pocket and travelling expenses etc. as may be mutually agreed between the Board of Directors of the Company and the Auditors based on the recommendation of the Audit Committee.



6. Mr. S. M. Thakore (DIN: 00031788), who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the Company has received a notice in writing under Section 160 of the Act, from a member proposing his candidature for the office of Director, to be appointed as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 up to September 3, 2019.



7. Mr. P. G. Pawar (DIN: 00018985), who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the Company has received a notice in writing under Section 160 of the Act, from a member proposing his candidature for the office of Director, to be appointed as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 up to September 3, 2019.



8. Mrs. Lalita D. Gupte (DIN: 00043559), who has submitted a declaration that she meets the criteria for independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the



57


Meeting Date


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Shareholder





Company has received a notice in writing under Section 160 of the Act, from a member proposing her candidature for the office of Director, to be appointed as an Independent Director of 2 the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 upto September 3, 2019.



9. Mr. P. H. Ravikumar (DIN: 00280010), who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the Company has received a notice in writing under Section 160 of the Act, from a member proposing his candidature for the office of Director, to be appointed as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 upto September 3, 2019.



10. Mr. Naresh Narad (DIN: 02737423), who has submitted a declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the Company has received a notice in writing under Section 160 of the Act, from a member proposing his candidature for the office of Director, to be appointed as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 upto September 3, 2019



11. Dr. Tridibesh Mukherjee (DIN: 00004777), who has submitted a declaration that he meets the criteria for Independence as provided in Section 149(6) of the Act and is eligible for appointment and in respect of whom the Company has received a notice in writing under Section 160 of the Act, from a member proposing his candidature for the office of Director, to be appointed as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 4, 2014 upto September 3, 2019.



4-Sep-14 Bharat Petroleum Corporation Limited


resolutions

1. To borrow money for business of the company exceeding the agreggate of paid up share capital and free reserve however not exceeding twice the Net Worth as per the latest Balance Sheet.



2. To raise fund through Private placement of Unsecured /Secured Non Convertible Bonds/Debentures including but not limited to subordinate Bonds/Debentures and or other debt securities etc during the period of one year from date of passing of special resolution.


For It will augment long term resources for financing, inter alia, the ongoing capital expenditure and for general corporate purposes

4-Sep-14 Maruti Suzuki India Limited



resolutions

1. To receive, consider and adopt the financial statements of the Company for the year ended 31st March 2014 including the audited Balance Sheet as at 31st March 2014, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.





3. To appoint a director in place of Mr. R.C. Bhargava (DIN: 00007620), who retires by rotation and being eligible, offers himself for reappointment.



4. To appoint a director in place of Mr. Kazuhiko Ayabe (DIN: 02917011), who retires by rotation and being eligible, offers himself for re-appointment.



5. To re - appoint M/s Price Waterhouse, Chartered Accountants, the retiring auditors of the Company to hold office from the conclusion of the 33rd annual general meeting upto the conclusion of the 34th annual general meeting of the Company at a remuneration to be fixed by the board and reimbursement of out of pocket expenses incurred in connection with the audit



6. To appoint Mr. Toshiaki Hasuike as a Director liable to retire by rotation in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of director.



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Meeting Date


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Shareholder





7. To accord the consent for appointment of Mr. Masayuki Kamiya as Whole time Director designated as Director (Production).



8. To accord the consent for appointment of Mr. Shigetoshi Torii as Whole time Director designated as Director (Production).



9. The consent of the members is accorded to increase the ‘Basic Salary’ of Mr. Toshiaki Hasuike, Joint Managing Director from Rs. 90 Lac per annum to Rs. 104.40 Lac per annum with effect from 1st April 2014.



10. To provide Authority to the Board of Directors to increase the remuneration of Mr. Kenichi Ayukawa, Managing Director and Chief Executive Officer from time to time.



11. To provide Authority to the Board of Directors to increase the remuneration of Mr. Toshiaki Hasuike, Joint Managing Director from time to time.



12. Authority to the Board of Directors to increase the remuneration of Mr. Kazuhiko Ayabe, Director and Managing Executive Officer (Supply Chain) from time to time.



13. To approve the payment of commission to the non-executive directors of the Company (other than the Managing / Whole-time Directors) in addition to the sitting fee for attending the meetings of the board and committees thereof, not exceeding in aggregate one percent of the net profits of the Company as calculated in accordance with the provisions of Section 198 of the Companies Act, 2013 or Rs. 300 Lac, whichever is less in any one financial year.



14. Mr. Amal Ganguli (DIN: 00013808), independent director of the Company in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of director, be appointed as an Independent director of the Company, not subject to retirement by rotation, to hold the office with effect from the date of the 33rd Annual General Meeting (4th September 2014) till the completion of 5 (five) consecutive years (3rd September 2019) or till the 38th Annual General Meeting, whichever is earlier.



15. Mr. D.S.Brar Independent director of the Company in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of director, be appointed as an independent director of the Company, not subject to retirement by rotation, to hold the office with effect from the date of the 33rd Annual General Meeting (4th September 2014) till the completion of 5 (five) consecutive years (3rd September 2019) or till the 38th Annual General Meeting, whichever is earlier.



16. Mr. R.P.Singh Independent director of the Company in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of director, be appointed as an independent director of the Company, not subject to retirement by rotation, to hold the office with effect from the date of the 33rd Annual General Meeting (4th September 2014) till the completion of 5 (five) consecutive years (3rd September 2019) or till the 38th Annual General Meeting, whichever is earlier.



17. Ms. Pallavi Shroff Independent director of the Company in respect of whom the Company has received a notice in writing from a member proposing his candidature for the office of director, be appointed as an independent director of the Company, not subject to retirement by rotation, to hold the office with effect from the date of the 33rd Annual General Meeting (4th September 2014) till the completion of 5 (five) consecutive years (3rd September 2019) or till the 38th Annual General Meeting, whichever is earlier.



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4-Sep-14 Titan Company Limited


resolutions

1. To borrow or raise or secure the payment of money for the purposes of the Company in such manner and on such terms as may seem expedient and in particular in the issue of debentures or debenture stock whether perpetual or otherwise, accept deposits from Members and/or Public and charge or not charged upon the whole or any part of the property of the Company, both present and future, including its uncalled capital, without conducting any banking business as defined under the Banking Regulation Act, 1949.



2. To borrow by issue of bonds, debentures, notes or securities of the Company, accept deposits from Members and/or Public or otherwise either secured by a charge or mortgage or otherwise the whole or any part of the property of the Company, or unsecured, as the Directors may deem expedient, such sums as they think necessary for the purpose of the Company.



3. To invite/ accept/ renew from time to time unsecured/secured deposits including advances for the Company's Jewellery Schemes from its Members of the Company up to permissible limits and subject to fulfillment of applicable terms and conditions as prescribed under the Companies Act, 2013



4. To invite/ accept/ renew from time to time unsecured/secured deposits including advances for the Company's Jewellery Schemes from the Public up to permissible limits and subject to fulfillment of applicable terms and conditions as prescribed under the Companies Act, 2013.



5-Sep-14 Hindustan Petroleum Corporation Limited



resolutions

1. To receive, consider and adopt the Audited Financial Statement of the Corporation for the Financial Year ended March 31, 2014 and Reports of the Board of Directors and Auditors thereon



2. To declare Equity Dividend for the Financial Year 2013-14.



3. To appoint a Director in place of Dr. Subhash Chandra Khuntia (DIN:05344972), who retires by rotation and is eligible for reappoinment.



4. To appoint a Director in place of Shri Pushp Kumar Joshi (DIN:05323634) who retires by rotation and is eligible for reappoinment.



5. To pay the remuneration of Rs. 2,95,000/- (Rupees Two Lac Ninety Five Thousand Only) with applicable Service Tax plus reimbursement of out of pocket expenses at actuals plus applicable service tax, to M/s. R.Nanabhoy & Company & Mr. Rohit J. Vora who were appointed by the Board of Directors of the Company, as “Cost Auditors” to conduct the audit of thecost records maintained by the Company for Financial Year ending March 31, 2015,



9-Sep-14 HT Media Ltd Postal Ballot Management is in favor of all the

resolutions

1. To borrow in excess of the aggregate of paid up share capital and free reserve in terms of Section 180(1) (c) of the Companies Act 2013.



2. To authorize mortgage, hypothecation and/or otherwise charge, alienate, pledge, create lien or other encumbrances or dispose of in any manner, any or all immovable /movable and/or tangible/ intangible properties of the Company in terms of Section 180(1) (a) of the Companies Act 2013.



9-Sep-14 ITC Limited Postal Ballot Management is in favor of all the

resolutions

1. Appointment of Mr. A. Baijal as an Independent Director for a period of five years with effect from 15th September, 2014.



2. Appointment of Mr. A. Duggal as an Independent Director for a period of five years with effect from 15th September, 2014.



3. Appointment of Mr. S. H. Khan as an Independent Director for a period of three years with effect from 15th September, 2014.



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4. Appointment of Mr. S. B. Mathur as an Independent Director for a period of five years with effect from 15th September, 2014.



5. Appointment of Mr. P. B. Ramanujam as an Independent Director for a period of five years with effect from 15th September, 2014.



6. Appointment of Mr. S. S. H. Rehman as an Independent Director for a period of five years with effect from 15th September, 2014.



7. Appointment of Ms. M. Shankar as an Independent Director for a period of five years with effect from 15th September, 2014.



09-Sep-14 Aditya Birla Nuvo Ltd


resolutions

1. To consider and adopt the audited Balance Sheet as at March 31, 2014, the Statement of Profit and Loss for the financial year ended as on that date and the reports of the Board of Directors and Statutory Auditors, Comptroller and Auditor general of India.



2. To confirm Dividend on equity shares and on prefrence shares.



3. To appoint a Director in place of Mrs Rajashree Birla (DIN 00022995) who retires by rotation.



4. To appoint a Director in place of Mr B L Shah (DIN 00017357) who retires by rotation.



5. To appoint Joint Statutory Auditors of the Company to hold office from the conclusion of this Meeting.



6. To appoint Branch Auditors of the Company to hold office from the conclusion of this Meeting.



7. To appoint Ms Khimji Kunverji and co (Co Reg No 105146W) and Ms K S Aiyer and Co as the Joint Branch Auditors of the Company



8. To appoint Mr. Lalit Naik (DIN 02943588), as an Managing Director of the Company and to fix his Remuneration.



9. To partially modify amend the terms of appointment of Mr Sushil Agarwal as Whole time Director.



10. To reappoint Mr Sushil Agrawal as a Director of the Company.



11. To approve the payment of remuneration of the Non Executive Directors of the Company.



12. To approve the offer or invitation to subscribe to Non Convertible Debentures on Private Placement.



13. To adopt new Articles of Association of Company. In favour of the proposal

For To comply procedural requirnments of the Companies Act, 2013

14. To authorise the Board to create a Mortgage charge on company movable or immovable property.



15. To authorise the Board to Borrow money for an aggregate amount not exceeding Rs.1500 Crores.


For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purposes.

16. To ratify the remuneration of the Cost Auditors of the Company



10-Sep-14 Coal India Ltd Annual General Meeting


resolutions




2. To confirm the payment of an interim dividend on Equity Shares for the financial year 2013-14.



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3. To appoint a Director in the place of Dr. A K Dubey (DIN: 02766755), who retires by rotation, and being eligible, offers himself for re-appointment.



4. To appoint Dr. R. N. Trivedi (DIN: 02766755),as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 30th October 2016 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



5. To appoint Shri Alok Perti as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 30th October 2016 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



6. To appoint Shri C. Balakrishnan as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 18th December 2016 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



7. To appoint Dr. Noor Mohammad as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 18th December 2016 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



8. To appoint Shri Shri Prakash as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 5th February 2017 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



9. To appoint Prof. Indranil Manna as an Independent Director of the Company, not liable to retire by rotation and who holds such office for the balance of his period of his appointment i.e.upto 5th February 2017 from the date of this General Meeting or untill the firther orders from Govt Of India., whichever is early.



10. To approve the appointment of Cost auditor for the financial year ending March 31, 2015 and to fix their remuneration.



15-Sep-14 Tamil Nadu Newsprint & Papers Ltd


resolutions

1. To receive, consider and adopt the audited financial statements including consolidated financial statements of the Company for the financial year ended 31st March, 2014 and the reports of the Board of Directors and Auditors thereon.



2. To declare dividend on Equity Shares for the financial year ended 31st March, 2014



3. To appoint a Director in place of Thiru T Udhyachandran IAS (holding DIN: 02357295) who retires from office by rotation, and being eligible, offers himself for re-appointment..



4. To appoint a M/s. Raman Associate, [Firm Registration No. 002910S], as the statutory auditors of the Company, and to fix their remuneration and out of pocket expenses.



5. To appoint a M/s. Raman Associate, [Firm Registration No. 0050], as the cost auditors of the Company, and to fix their remuneration and out of pocket expenses.



6. To appoint Thiru V Narayanan (holding DIN: 00081673), as an Independent Director of the Company for a term of 3 consecutive years up to 31st March, 2017



7. To appoint Thiru N Kumaravelu (holding DIN: 00147683), as an Independent Director of the Company for a term of 3 consecutive years up to 31st March, 2017



8. To appoint Thiru M R Kumar (holding DIN: 03628755), as an Independent Director of the Company for a term of 3 consecutive years up to 31st March, 2017



9. To appoint Thiru V Nagappan (holding DIN: 01271378), as an Independent Director of the Company for a term of 3 consecutive years up to 31st March, 2017



10. To appoint Tmt. Sarada Jagan (holding DIN: 06658674), as an Independent Director of the Company for a term of 3 consecutive years up to 31st March, 2017



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11. To appoint Thiru Mahesan Kasirajan IAS (holding DIN: 05102717), as a Director of the Company.



12. To appoint Thiru C V Sankar IAS (holding DIN: 00703204), as a Chairman and Managing Director of the Company.



13. To appoint Thiru A Velliangiri (holding DIN: 00153169), as Deputy Managing Director of the Company for a period of 2 years and to fix his remuneration.



14. To appoint Thiru M Mani (holding DIN: 06543489), as Director Operations of the Company for a period of 1 year and to fix his remuneration.



16-Sep-14 HT Media Ltd Annual General Meeting


resolutions

1. To receive, consider and adopt the audited financial statements including consolidated financial statements of the Company for the financial year ended 31st March, 2014 and the reports of the Board of Directors and Auditors thereon.



2. To declare dividend on Equity Shares for the financial year ended 31st March, 2014..



3. To appoint a Director in place of Shri Shamit Bhartia (holding DIN: 00020623) who retires from office by rotation, and being eligible, offers himself for re-appointment.



4. To appoint a M/s. S.R. Batliboi & Co., LLP, Chartered Accountants [Firm Registration No. 301003E], as the auditors of the Company, to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the Fourteenth AGM to be held in the calendar year 2016 and to fix their remuneration.



5. To appoint Shri N.K. Singh (holding DIN: 00020669), as an Independent Director of the Company for a term of 5 (five) consecutive years up to 31st March, 2019.



6. To appoint Shri K.N. Memani (holding DIN: 00020696), as an Independent Director of the Company for a term of 5 (five) consecutive years up to 31st March, 2019.



7. To appoint Shri Ajay Relan (holding DIN: 00002632), as an Independent Director of the Company for a term of 5 (five) consecutive years up to 31st March, 2019.



8. To appoint Dr. Mukesh Aghi (holding DIN: 00292205), as an Independent Director of the Company for a term of 5 (five) consecutive years up to 31st March, 2019.



9. To approve revision in the remuneration of Smt. Shobhana Bhartia (holding DIN: 00020648), Chairperson and Editorial Director of the Company with effect from 1st April, 2014 for the remaining period of her present tenure of appointment.



10. To approve revision in the remuneration of Shri Priyavrat Bhartia (holding DIN: 00020603), Whole-time Director with effect from 1st April, 2014 for the remaining period of her present tenure of appointment.



11. To approve revision in the remuneration of Shri Shamit Bhartia (holding DIN: 00020623), Whole-time Director of the Company with effect from 1st April, 2014 for the remaining period of her present tenure of appointment.



12. To approve revision in the remuneration of Shri Rajiv Verma (holding DIN: 00017110), Whole-time Director of the Company with effect from 1st April, 2014 for the remaining period of her present tenure of appointment.



16-Sep-14 Sundaram Finance Limited


resolutions

1. To appoint Sri P N Venkatachalam (holding DIN: 00499442) as as an Independent Director of the Company to hold office for 5 (five) consecutive years for a term up to March 31, 2019, not liable to retire by rotation.



2. To appoint Sri S Prasad (holding DIN: 00063667), as an Independent Director of the Company to hold office for 5 (five) consecutive years for a term up to March 31, 2019, not liable to retire by rotation.



3. To appoint Sri Aroon Raman (holding DIN: 00201205), as an Independent Director of the Company to hold office for 5 (five) consecutive years for a term up to March 31, 2019, not liable to retire by rotation.



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18-Sep-14 Petronet LNG Limited (PLL)



resolutions

1. To receive consider and adopt financial statements and report of board of directors and auditors thereon for the financial year ended 31st March 2014.



2. To declare a dividend for the financial year ended 31st March 2014.



3. To appoint a director in place of Shri B.C. Tripathi (DIN 01657366) who retires by rotation and being eligible offers himself for re-appointment.



4. To appoint a director in place of SHRI TAPAN RAY (DIN 00728682) who retires by rotation and being eligible offers himself for re appointment.



5. To appoint M S T. R. CHADHA and Co. Chartered Accountants (Regn. no.006711N) New Delhi as statutory auditors of the company to hold office from the conclusion of the sixteenth annual general meeting till the conclusion of the seventeenth annual general meeting at a remuneration of 11 lac plus out of pocket expenses and applicable service tax.



6. To appoint Shri S. Varadarajan (DIN 00052928), Nominee Director of Bharat Petroleum Corporation Limited (BPCL), as Additional Director of the Company by Board of Directors who holds office up to the date of this Annual General Meeting and is liable to retire by rotation.



7. To appoint Shri D.K. Sarraf (DIN 00147870), Nominee Director of Oil and Natural Gas Corporation (ONGC), as Additional Director of the Company by Board of Director and who holds office up to the date of this Annual General Meeting and is liable to retire by rotation.



8. To appoint Shri Saurabh Chandra (DIN 02726077) as Additional Director of the Company and who holds office up to the date of this Annual General Meeting and is liable to retire by rotation.



9. To appoint Shri Philip OLIVIER (DIN 06937286), Nominee Director of GDF International (GDFI), as Additional Director of the Company and who holds office up to the date of this Annual General Meeting and is liable to retire by rotation.



10. To appoint Shri Arun Kumar Misra, a Additional Director of the Company on 14th August, 2014 and who holds office up to the date of this Annual General Meeting and in respect of whom the Company has received a notice in writing proposing his candidature for the office of Director, be and is hereby appointed as Independent Director of the Company for a period of three years w.e.f. 14th August, 2014.



11. To ratify the remuneration of Rs. 2.50 lac plus out of pocket expenses and applicable service tax to M/s Sanjay Gupta & Associates, Cost Accountants (Regn. No. 000212).



12. To increase the number of Directors from 16 to 18. In favour of the proposal

For The proposal is on l ine with the Companies Act, 2013.

19-Sep-14 Oil & Natural Gas Corporation Ltd (ONGC Ltd.)



resolutions




2. To confirm the payment of 2 interim dividends and declare final dividend on Equity Shares for the financial year 2013-14.



3. To appoint a Director in the place of Shri A K Banerjee (DIN-05287459), who retires by rotation, and being eligible, offers himself for re-appointment.



4. To authorise Board of Directors of the Company to fix the remuneration of the Joint Statutory Auditors of the Company for the Financial Year 2014-15, in terms of the provisions of section 139(5) read with section 142 of the Companies Act, 2013.



5. To re-appoint Shri Tapas Kumar Sengupta (DIN-06802877), as a Director of the Company, liable to retire by rotation.



6. To re-appoint Shri Dinesh Kumar Sarraf (DIN-00147870), as a Director of the Company, not liable to retire by rotation.



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7. To re-appoint Dr. Subhash C. Khuntia (DIN-05344972), as a Director of the Company, liable to retire by rotation.



8. To re-appoint Shri Ashok Varma (DIN-06909494), as a Director of the Company, liable to retire by rotation.



9. To re-appoint Shri Desh Deepak Misra (DIN-06926783), as a Director of the Company, liable to retire by rotation.



10. To ratify the aggregate remuneration of Rs.19.50 lakhs plus applicable taxes and out of pocket expenses payable to the six Joint Cost Auditors appointed by the Board of Directors of the Company, to conduct the audit of the cost records of the various units of the Company for the financial year ending March 31, 2015.



20-Sep-14 HSIL Ltd. Postal Ballot Management is in favor of all the

resolutions

1. To borrow in excess of the aggregate of paid up share capital and free reserve, provided that the total amount so borrowed shall not exceed Rs. 1500 crores in terms of Section 180(1)(c) of the Companies Act 2013.



2. To create charge, mortgage and hypothecation in addition to the existing charges, mortgages and hypothecations on such immovable or movable properties of the Company in terms of Section 180(1)(a) of the Companies Act 2013.



23-Sep-14 Godfrey Phillips India Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2014 and the Statement of Profit and Loss for the year ended on that date and the reports of the Directors and Auditors thereon.



2. To Declaration of dividend on Equity Shares for the year ended 31st March, 2014.



3. Appointment of Mr. Lalit Kumar Modi who retires by rotation and being eligible, offers himself for re-appointment.



4. Appointment of Deloitte Haskins & Sells, Chartered Accountants as Auditors of the Company for three years i.e. from the conclusion of this Annual General Meeting till the conclusion of the Annual General Meeting of the Company to be held in the calendar year 2017 and fixing their remuneration.



5. Appointment of Mr. R.A. Shah as an Independent Director to hold office for a term of 5 (five) consecutive years up to the conclusion of the 82nd Annual General Meeting of the Company in the calendar year 2019 and shall not be liable to retire by rotation.



6. Appointment of Mr. Anup N. Kothari as an Independent Director to hold office for a term of 5 (five) consecutive years up to the conclusion of the 82nd Annual General Meeting of the Company in the calendar year 2019 and shall not be liable to retire by rotation.



7. Appointment of Dr. Lalit Bhasin as an Independent Director to hold office for a term of 5 (five) consecutive years up to the conclusion of the 82nd Annual General Meeting of the Company in the calendar year 2019 and shall not be liable to retire by rotation.



8. Appointment of Ms. Bina Modi as a Non-Executive Director liable to retire by Rotation.



9. Approval to the Subdivision of equity shares of Rs.10/- each into 5 equity shares of par value of Rs.2/- each fully paid up and consequently amending Capital Clause of Memorandum of Association of the Company.



10. Special Resolution for Substitution of Article 3 of the Articles of Association of the Company with new article on account of subdivision of equity shares of Rs.10/- each into 5 equity shares of par value of Rs. 2/- each fully paid up.



Special Resolution for Substitution of Article 106 of the Articles of Association of the Company with a new article to Increase the Limits of sitting fees payable to Directors



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23-Sep-14 Multi Commodity Exchange of India Limited



resolutions

1. To consider and adopt the audited Balance Sheet as at March 31, 2014, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended as on that date and the reports of the Board of Directors and Statutory Auditors, Comptroller and Auditor general of India.



2. To confirm the payment of an interim dividend on Equity Shares for the financial year 2013-14 and to declare a final dividend on Equity Shares for the financial year ended March 31,2014



3. To appoint M/s. Shah Gupta & Co., Chartered Accountants (Firm Registration No. 109574W) as the Statutory Auditors of the Company w.e.f. June 26, 2014 in the casual vacancy caused consequent to the resignation of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, Mumbai (Registration no.117366W) and shall hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting at a remuneration of Rs.16 Lakhs (inclusive of the above period) plus reimbursement of out-of-pocket expenses and applicable service tax.



4. To appoint Mr. Satyananda Mishra (DIN: 01807198) as an Independent Director to hold office for a term up to March 31, 2016, or any extension of term up to March 31, 2019 that may be granted by FMC and shall not be liable to retire by rotation during his term of appointment.



5. To appoint Mr. Ganesa Iyer Anantharaman (DIN: 02229822) as an Independent Director to hold office for a term up to March 31, 2016, or any extension of term up to March 31, 2019 that may be granted by FMC, and Mr. Ganesa Iyer Anantharaman shall not be liable to retire by rotation during his term of appointment.



6. To appoint Mr. Manjueshwar Ananthakrishna Prabhu (DIN: 03195461) as a Shareholder Director whose period of office shall be liable to retire by rotation, and shall cease to be a Director of the Company on the withdrawal of his nomination by Canara Bank earlier than the date when he shall be liable to retire by rotation.



7. To appoint Mr. Parveen Kumar Singhal (DIN: 01237602) as Director whose period of office shall be liable to determination by retirement of directors by rotation and the date of his appointment as a Director shall be effective from the date of approval by the shareholders or from the date of approval of FMC, whichever is later.



8. To appoint Mr. Parveen Kumar Singhal (DIN: 01237602) as Joint Managing Director for a period of 3 years commencing from the date of shareholders’ approval or the approval of FMC, whichever is later, and on being appointed as Joint Managing Director, he shall not be liable to retire by rotation and to fix his remuneration.



9. To approve the appointment of Dr. Manoj Vaish (DIN: 00157082), as Managing Director & Chief Executive Officer (MD & CEO) of the Company from February 1, 2014 up to May 10, 2014 as per the terms and conditions as stated in the Contract of Employment executed between him and the Company and to fix his remuneration.



10. To approve and ratify the revision and payment of the sitting fees to all the Non -Executive and /or the Independent Directors entitled to sitting fees.



11. To approve the modification in the ESOP – 2008 Scheme.


For ESOPs are an important retention tool for most companies to retain best talents.

12. To approve contracts/agreements/arrangements entered with related parties.



13. To appoint Mr. Balkrishna Vinayak Chaubal (DIN 06497832), a nominee of State Bank of India’s associate bank as a Shareholder Director of the company and shall be liable to retire by rotation.



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14. To appoint Mr. R. Amalorpavanathan (DIN 06941432) a nominee of National Bank for Agriculture and Rural Development (NABARD) as a shareholder director of the company and is liable to retire by rotation. Provided, he shall cease to be a director of the company if his nomination is withdrawn by NABARD before the expiry of his term.



15. To appoint Mr. Ajai Kumar (DIN 02446976) as a director and shall be liable to retire by rotation.



24-Sep-14 Hindalco Industries Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2014 and Profit and Loss Account for the year ended on that date, the Report of the Directors and the Auditors thereon.



2. To declare and sanction the payment of Dividend on equity shares of the Company for the financial year 2013-2014.



3. To appoint a Director in place of Smt. Rajashree Birla (DIN: 00022995), who retires from office by rotation and being eligible, offers herself for reappointment.



4. To appoint a Director in place of Mr. A.K. Agarwala (DIN: 00023684), who retires from office by rotation and being eligible, offers himself for reappointment.



5. To appoint Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the fifty eighth Annual General Meeting of the Company and to fix their remuneration



6. To appoint Mr. M.M. Bhagat (DIN: 00006245) as an Independent Director



7. To appoint Mr. Ram Charan (DIN: 03464530) as an Independent Director



8. To appoint Mr. K. N. Bhandari (DIN: 00026078) as an Independent Director



9. To appoint Mr. N.J. Jhaveri (DIN: 00198912) as an Independent Director



10. To appoint Mr. Jagdish Khattar (DIN: 00013496) as an Independent Director



11. To ratify the remuneration of the Cost Auditors for the financial year ending March 31, 2015



12. To adopt new Articles of Association of the Company pursuant to the provisions of Section 14 and all other applicable provisions of the Companies Act, 2013 read with the Companies (Incorporation) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force).



13. To modify/amend the Special Resolution passed at the 54th Annual General Meeting of the Company for the appointment of Mr. D. Bhattacharya (DIN: 00033553) as the Managing Director of the Company, so as to make him a director liable to retire by rotation.



14. To modify/amend the Special Resolution passed at the 54th Annual General Meeting of the Company for the appointment of Mr. Satish Pai (DIN: 06646758) as the Whole time Director of the Company, so as to make him a director liable to retire by rotation.



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15. Approval of the payment of commission to non-executive directors in accordance with the relevant provisions of the Articles of Association of the Company, at a rate not exceeding 1% (one percent) per annum of the net profits of the Company for the financial year ending 31st March,2015 and thereafter for all subsequent financial years, as calculated in accordance with relevant provisions of the Act and rules made thereunder, without any monetary limit, but subject to such ceiling if any, per annum, as the Board or its Committee may from time to time fix in that behalf and the same to be divided amongst them in such manner as the Board or its Committee may, from time to time, determine;



16. To approve the offer or invitation to subscribe to Non-Convertible Debentures on a private placement basis



17. Approval to enter into related party transaction(s) with Birla Nifty Pty Limited and Birla Mt Gordon Pty Limited, subsidiaries of the Company for purchase of Copper Concentrate which are commercial transactions.



18. Approval to enter into related party transaction with Utkal Alumina International Limited wholly owned subsidiary of the Company for purchase of alumina which is a commercial transaction.



19. Approval to enter into related party transaction with Utkal Alumina International Limited wholly owned subsidiary of the Company for issuance of corporate guarantee.



20. To authorize the Board of Directors to borrow, from time to time, for and on behalf of the Company and for the purpose of its business, sums not exceeding in the aggregate, Rs. 20,000 Crores (Rupees Twenty Thousand Crores only) over and above the aggregate of the Company Paid Up Capital and Free Reserves



21. To authorize the Board of Directors to create charge on moveable and/or immoveable properties of the Company as security in favour of lending agencies, an aggregate amount not exceeding Rs. 20,000 Crores Rupees Twenty Thousand Crores only) over and above the aggregate of the Company Paid Up Capital and Free Reserves pursuant to Section 293(1)(a).



24-Sep-14 Procter & Gamble Hygiene And Health Care Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at June 30, 2014, and the Statement of Profit and Loss for the Financial Year ended on that date, together with the Reports of the Auditors and Directors thereon.



2. To declare dividend for the Financial Year ended June 30, 2014



3. To appoint a Director in place of Mr. Pramod Agarwal (DIN 00066989), who retires by rotation and being eligible, offers himself for re-appointment.



4.To appoint Messrs. Deloitte Haskins and Sells LLP, Chartered Accountants (Firm Reg. No. 117366W/W-100018) as Statutory Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the Fifty Third (53rd) Annual General Meeting and to fix his remuneration.



5. To appoint Mr. R. A. Shah (DIN 00009851) as the Non-Executive Independent Director of the Company,not liable to retire by rotation.



6. To appoint of Mr. B. S. Mehta (DIN 00035019) as the Non-Executive Independent Director of the Company, not liable to retire by rotation for a term upto five years with effect from September 24, 2014.



7. To appoint Mr. A. K. Gupta (DIN 02588131) as the Non-Executive Independent Director of the Company, not liable to retire by rotation for a term upto five years with effect from September 24, 2014.



8. To appoint Mr. Shailyamanyu Singh (DIN 06832523) as the Non-Executive Independent Director of the Company, not liable to retire by rotation and who holds such office until this Annual General Meeting



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9. To appoint Ms. Sonali Dhawan (DIN 06808527) as the Non-Executive Independent Director of the Company, not liable to retire by rotation and who holds such office until this Annual General Meeting.



10. To Pay Remuneration to M/s AshwinSolanki & Associates, Cost Accountants,for the Financial Year 2014-15 of` Rs.6,00,000/- plus service tax and out-of-pocket expenses.



24-Sep-14 Amara Raja Batteries Limited


resolutions

1. To enter into a lease agreement with M/s. Amara Raja Infra Pvt Ltd to take on lease land admeasuring 62 acres situated at Majara Kothapalli village of Yadamarri Mandal and/or Nunegundlapalle village of Bengarupalyam Mandal in Chittor District for a period of 99 years with effect from October 1, 2014 or such other date as may be agreed to by the parties, for future expansion plans/ requirement of the company for a total consideration of Rs. 40.30 crore.


For The demand for storage batteries and auto batteries are on the rise due to expansion in telecom and auto sales. The company is looking to expand capacities to capture the demand. In this connection, it is required to purchase the land. However, any related party transaction comes under heavy scrutiny of investors. We assume, the company would have appointed independent valuation agency to assign value to the land. Giving benefit of the doubt to the management, considering reasonable corporate governance practice of the company, we are voting in favor of resolution.

25-Sep-14 Gujarat State Petronet Ltd.



resolutions

1. To consider and adopt the audited Balance Sheet as at March 31, 2014, the Statement of Profit and Loss for the financial year ended as on that date and the reports of the Board of Directors and Statutory Auditors.



2. To declare dividend on Equity Shares for the financial year 2013-14.



3. To appoint Shri D J Pandian, IAS as Director who retires by rotation, and being eligible, offers himself for re-appointment.



4. To authorise Board of Directors of the Company to fix the remuneration of the Statutory Auditors of the Company for the Financial Year 2014-15, in terms of the provisions of Section 142 of the Companies Act, 2013.



5. To re-appoint Dr. R Vaidyanathan Sengupta (DIN-00221577), as an Independent Director of the Company for a period of five year ending September 24, 2019, not liable to retire by rotation.



6. To re-appoint Prof. Yogesh Singh (DIN-06600055), as an Independent Director of the Company for a period of five year ending September 24, 2019, not liable to retire by rotation.



7. To re-appoint Shri Yogesh B Sinha (DIN-02902722), as an Independent Director of the Company for a period of five year ending September 24, 2019, not liable to retire by rotation.



8. To re-appoint Dr. Bakul Dholakia (DIN-00005754), as an Independent Director of the Company for a period of five year ending September 24, 2019, not liable to retire by rotation.



9. To re-appoint Smt. Vilasini Ramchandran IAS (Retd.) (DIN-02224693), as a Women Independent Director of the Company for a period of five year ending September 24, 2019, not liable to retire by rotation.



10. To appoint M/s. R K Patel & Co., Cost Accountants as Cost Auditor of the Company for the FY 2014-2015 and to fix their remuneration.



11. To approve the monthly remuneration of Shri M M Srivastava IAS (Retd.) Non-Executive Chairman (DIN: 02190050).



12. To borrow money by way of loan/debentures or any other mode of borrowing, provided the total amount so borrowed shall not exceed Rs. 4000/- crores at any time.



13. To create charge, hypothecation and mortgages in addition to the existing charge, hypothecation and mortgages on the movable and immovable properties of the company.



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25-Sep-14 Gulf Oil Corporation Ltd



resolutions

1. To receive, consider and adopt the audited Balance Sheet as at 31st March, 2014, the Statement of Profit and Loss, Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.



2. To appoint a Director in place of Mr. Ramkrishan P. Hinduja (DIN 00278711), who retires by rotation under Article 122 of the Articles of Association of the Company and is eligible for re-appointment.



3. To approve M/s Deloitte Haskins & Sells, Chartered Accountants (ICAI Registration No.008072S) as Statutory Auditors of the Company for the Financial Year 2014-15 and to fix the remuneration of the auditor.



4. To create, issue, offer and allot, from time to time, Securities in the form of Equity or other Shares, Warrants, Bonds or Debentures, Depository Receipts, (whether Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Indian Depository Receipts (IDRs) or any other form of Depository Receipts), or any other debt instrument either convertible or nonconvertible into Equity or any other Shares whether optionally or otherwise, including Foreign Currency Convertible Bonds representing any type of securities (FCCBs) by way of one or more private and/ or public offerings (and whether in any domestic and/ or international market(s), through a public issue(s), private placement(s), Qualified Institutional Placement(s) (QIP), preferential issue(s) or a combination thereof in such manner and on such terms and conditions as the Board deems appropriate at its absolute discretion provided that the issue size shall not exceed US$100 million or Rs. 600 crores inclusive of such premium.


For To raise additional long term resources to part finance the Company’s capital expenditure needs and / or for other general corporate purposes,

5. To re-appoint Ms. Kanchan Chitale (DIN 00007267), as an Independent Director of the Company for a period of five year, not liable to retire by rotation.



6. To re-appoint Mr. K. N. Venkatasubramanian (DIN 00007392), as an Independent Director of the Company for a period of five year, not liable to retire by rotation.



7. To re-appoint Mr. M. S. Ramachandran (DIN 00943629), as an Independent Director of the Company for a period of five year, not liable to retire by rotation.



8. To re-appoint Mr. Ashok Kini (DIN 00812946), as an Independent Director of the Company for a period of five year, not liable to retire by rotation.



9. To re-appoint Mr. Prakash Shah (DIN 00120671), as an Independent Director of the Company for a period of five year, not liable to retire by rotation.



10. To appoint Mr. Subhas Pramanik (DIN 00020414) as the Managing Director of the Company, for a period of 3 (three) years with effect from 8th July, 2014 and to fix his remuneration.



11. To approve payment to such directors who are neither in the whole-time employment of the Company nor the managing director and whose remuneration does not include anything by way of monthly or other periodic payment, commission on net profits of the Company for each financial year, for a period of five years commencing from 1st April, 2014, of an aggregate amount not exceeding the maximum limit permitted under the applicable provisions as may be decided by the Nomination & Remuneration Committee of the Board or the Chairman of the Board of Directors of the Company to be distributed amongst such Directors in such manner and to such extent to each director as may be decided by the Nomination & Remuneration Committee of the Board or the Chairman of the Board of Directors.



12. To borrow money by way of loan/debentures or any other mode of borrowing, provided the total amount so borrowed shall not exceed Rs. 4000/- crores at any time.



13. To create charge, hypothecation and mortgages in addition to the existing charge, hypothecation and mortgages on the movable and immovable properties of the company.



70


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14. To alter Articles of Association of the Company In favour of the proposal


15. To approve entering into various transactions with IDL Explosives Limited, IDL Buildware Limited, HGHL Holdings Limited, wholly owned subsidiaries of the Company and Gulf Oil Lubricants India Limited, on such terms and conditions as may be agreed to by the Board.



16. To approve not filling of the vacancy caused on the Board due to retirement of Mr. Sanjay G. Hinduja (DIN 00291692), Director liable to retire by rotation, whodoes not offer himself for reappointment.



25-Sep-14 Pidilite Industries Limited



resolutions




2. To declare Dividend on equity shares. In favour of the proposal


3. To appoint a Director in place of Shri A B Parekh, who retires by rotation and being eligible, offers himself for re-appointment.



4. To re-appoint M/s Deloitte Haskins & Sells Chartered Accountants (Registration No. 117364W) as the auditors of the Company, to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the 49th AGM and to fix remuneration.



5. To re-appointment of Shri R Sreeram (DIN 05105972) as a Whole Time Director designated as Director (Factories Operations) of Company, for a further period of 3 years with effect from 8th November, 2014, who is liable to retire by rotation and to fix his remuneration.



6. To ratify the appoint of Shri Uday Khanna (DIN 00079129), who was appointed as an Additional Director of the Company in terms of Section 161 of the Act and to appoint him as an Independent Director of the Company to hold office for 5 consecutive years from the date of this AGM upto the conclusion of the Fiftieth AGM of the Company to be held in respect of Financial Year ending 31st March, 2019.



7. To ratify the appoint of Smt. Meera Shankar (DIN 06374957), who was appointed as an Additional Director of the Company in terms of Section 161 of the Act and to appoint him as an Independent Director of the Company to hold office for 5 consecutive years from the date of this AGM upto the conclusion of the Fiftieth AGM of the Company to be held in respect of Financial Year ending 31st March, 2019.



8. To reappoint Shri B S Mehta (DIN 00035019), a Independent Director of the Company who retires by rotation at this Annual General Meeting (AGM) and to hold office for 5 consecutive years from the date of this AGM upto the conclusion of the Fiftieth AGM of the Company to be held in respect of Financial Year ending 31st March, 2019.



9. To reappoint Shri Ranjan Kapur (DIN 00035113), a Independent Director of the Company who retires by rotation at this Annual General Meeting (AGM) and to hold office for 5 consecutive years from the date of this AGM upto the conclusion of the Fiftieth AGM of the Company to be held in respect of Financial Year ending 31st March, 2019.



10. To reappoint Shri Bharat Puri (DIN 02173566), a Independent Director of the Company who retires by rotation at this Annual General Meeting (AGM) and to hold office for 5 consecutive years from the date of this AGM upto the conclusion of the Fiftieth AGM of the Company to be held in respect of Financial Year ending 31st March, 2019.



71


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11. To create, issue, offer and allot equity shares aggregating a nominal face value not exceeding 2,50,000 (Rupees Two Lakhs Fifty Thousand only) represented by 2,50,000 (Two Lakhs Fifty Thousand) equity shares of 1 each of the Company, fully paid for and on behalf of and at the request of its subsidiaries, to the employees of the subsidiaries of the Company (Subsidiary Employees) under Employee Stock Option Scheme (Subsidiaries)-2014 [ESOS (Subsidiaries)-2014].


For ESOS are an important retention tool for most of the organisations and the low remuneration structure of the companies.

25-Sep-14 Gujarat Mineral Development Ltd



resolutions




2. To declare Dividend on Equity shares for the year ended 31st March, 2014.



3. To fix up the remuneration of statutory auditors for the year 2014 - 15 to be appointed by the comptroller and Auditor general of India.



4. To ratify the appointment of Mr. Shri D.J. Pandian IAS (DIN 00015443) who was appointed as director of the company on 4th March 2014, as a director and chairman of the company who shall not be liable to retire by rotation.



5. To appoint Mr. Bhadresh Mehta (DIN 02625115) as an independent director of the company to hold office for five consecutive years for a term up to 31st march 2019 not liable to retire by rotation.



6. To ratify the remuneration of cost auditors incurred in connection with the cost audit for financial year 2014 -15 payable to M S Manish Analkat Cost Auditors.



26-Sep-14 Sun TV Network Limited



resolutions

1. To receive, consider and adopt the Audited Balance Sheet as at June 30, 2014, and the Statement of Profit and Loss for the Financial Year ended on that date, together with the Reports of the Auditors and Directors thereon.



2. To declare dividend on Equity shares In favour of the proposal


3. To appoint a Director in place of Mr. S. Selvam, (DIN 0077439), who retires by rotation and being eligible, offers himself for re-appointment.



4. To appoint M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, (ICAI Firm Registration No: 101049W), Chennai as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the thirty-second AGM of the Company to be held in the year 2017.



5. To reappoint Mr. R. Ravivenkatesh (DIN 03565108), as an Independent Director of the Company not liable to retire by rotation, to hold office for a fixed term from September 26, 2014 to September 25, 2019.



6. To reappoint Mr. M.K. Harinarayanan (DIN 00545128), as an Independent Director of the Company not liable to retire by rotation, to hold office for a fixed term from September 26, 2014 to September 25, 2019.



7. To reappoint Mr. J. Ravindran (DIN 00550700), as an Independent Director of the Company not liable to retire by rotation, to hold office for a fixed term from September 26, 2014 to September 25, 2019.



8. To reappoint Mr. Nicholas Martin Paul (DIN 00542620), as an Independent Director of the Company not liable to retire by rotation, to hold office for a fixed term from September 26, 2014 to September 25, 2019.



9. To Ratify Remuneration payable to M/s. S. Sundar & Associates, Cost Accountants, [Registration No: 101188] as Rs. 2,20,000/- plus applicable taxes and out of pocket expenses.



72


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27-Sep-14 Sun Pharmaceutical Industries Ltd



resolutions




2. To declare Dividend on Equity shares. In favour of the proposal


3. To appoint a Director in place of Mr. Israel Makov (DIN 05299764), who retires by rotation and is eligible for re-appointment.



4. To reapprove M/s Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.117366W/W-100018) as Statutory Auditors of the Company for the period of 3 years upto conclusion of 25th Annual General Meeting.



5. To appoint Ms. Rekha Sethi (DIN 06809515) additional director of the company, as an Independent Director of the Company for a period of two year, upto conclusion of 24th Annual General Meeting.



6. To appoint Mr. S Mohanchand Dadha (DIN 00087414), as an Independent Director of the Company for a period of two year, upto conclusion of 24th Annual General Meeting.



7. To appoint Mr. Keki Mistry (DIN 00008886), as an Independent Director of the Company for a period of two year, upto conclusion of 24th Annual General Meeting.



8. To appoint Mr. Ashwin Dani (DIN 00009126), as an Independent Director of the Company for a period of two year, upto conclusion of 24th Annual General Meeting.



9. To appoint Mr. Hasmukh Shah (DIN 00152195), as an Independent Director of the Company for a period of two year, up to conclusion of 24th Annual General Meeting.



10. To give loan/guarantee or to make investment by way of loan/debentures or any other mode of borrowing or in various schemes of Mutual Fund or other fund, in excess of 60% of paid up share capital and free reserve and security premium of company or 100% of free reserve and security premium of company whichever is more, maximum to Rs.500 Billion.



11. To borrow money on behalf of the Company from time to time, any sum of monies which together with the monies borrowed by the Company shall not exceed Rs. 500 Billion at any time.



12. To issue/offer and allot from time to time in one or more tranches and in consultations with the Lead Managers and/or other Advisors, Convertible Bonds, Fully Convertible Debentures , Partly Convertible Debentures, Optionally Convertible Debentures into Equity Shares not exceeding Rs. 120 Billions.



13. To contribute or subscribe from time to time in any financial year to any national, charitable, social, benevolent, public or general and other funds not directly relating to business of Company or welfare of employees up to an aggregate maximum amount permissible under section 181 of the Companies Act, 2013 without approval of Shareholders exceeding by a sum of Rs. 10 croress in each financial year.


For For activities under Corporate Social Responsibilities (CSR) due to absense of profit the Company has sought members approval.

14. To appoint M/s Kailash Sankhlecha & Associates, CA, as a Cost Auditor of the Company for audit cost accounting records of the Company for financial year ending 31st March 2015.



15. To ratify the Remuneration paid to Mr. Dilip S Shanghvi, Managing Director (DIN 00005588) for financial year 2013-14



16. To ratify the Remuneration paid to Mr Sudhir V Valiya; Whole Time Director (DIN 00005561) for financial year 2013-14.



17. To Ratify the Remuneration paid to Mr Sailesh T Desai; Whole Time Director (DIN 00005543) for financial year 2013-14 which is in excess of the limits prescribed.



18. To Ratify the Commission paid to Non-Executive Directors of the company for financial year 2013-14.



73


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19. To pay Commission to Non-Executive Directors of the company shall be determined by the Board Of Directors for each financial year over a period of 5 years from current Financial year ending on March 31, 2015.



20. To approve appointment of Mr. Aalok D Shanghavi, who is relative of director to hold office or place of profit under the company with its present designation as Senior General Manager –International Business or with such designation as Board of Director of the company may from time to time decide.



27-Sep-14 HSIL Ltd. (Hind.Sanitary Ind.Ltd.)



resolutions




2. To declare Dividend on equity shares for year ended at March 31, 2014.



3. To appoint a Director in place of Mr. G L Sultania, (DIN 00600931) who retires by rotation and being eligible, offers himself for re-appointment.



4. To appoint M/s Walker Chandiok & Co LLP, Chartered Accountants (Registration No.001076N) as the Statutory auditors of the Company, to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the next AGM and to fix remuneration.



5. To appoint Mrs. Sumita Somani (DIN 050133612) as an additional Director of Company, w.e.f. 29 May, 2014 and who holds office up to this AGM and is liable to retire by rotation.



6. To appoint Mr. Nand Gopal Khaitan (DIN 00020588) Director of the company, as an Independent Director of the Company to hold office for 5 consecutive years commencing from 27 September and is not liable to retire by rotation.



7. To appoint Mr. Vijay Kumar Bhandari (DIN 00052716), as an Independent Director of the Company to hold office for 5 consecutive years commencing from 27 September and is not liable to retire by rotation.



8. To appoint Mr. Ashok Jaipurla (DIN 00214707), as an Independent Director of the Company to hold office for 5 consecutive years commencing from 27 September and is not liable to retire by rotation.



9. To appoint Mr. Salil Bhandari (DIN 00017566), as an Independent Director of the Company to hold office for 5 consecutive years commencing from 27 September and is not liable to retire by rotation.



10. To reappoint Mr. Rajendra K Somany (DIN 00053557), as a Chairman and Managing Director, who retires by rotation and to hold office for 3 consecutive years commencing from 9 January 2015 Till 8 January 2018, and to fix his remuneration.



11. To accord Mr. Girdhari Lal (DIN 00060931) Non-Executive Director of the company for a period of 3 years w.e.f. 1st April 2014 on payment of Remuneration of Rs.1,250,000/- per annum is authorised to enter into a Consultancy contract with M/s G L Sultania, for a period of 3 years.



27-Sep-14 NATCO Pharma Ltd.



resolutions




2. To confirm the already paid interim Dividend on equity shares for the year 2013-2014 as final dividends.



3. To reappoint Mr. Rajeev Nannapaneni (DIN: 00183872) as a Director of the Company, who shall be liable for retirement by rotation.



4. To reappoint Dr. P. Bhaskara Narayana (DIN: 00183367) as a Director of the Company, who shall be liable for retirement by rotation.



5. To reappoint Dr. A.K.S. Bhujanga Rao (DIN: 02742637)as a Director of the Company, who shall be liable for retirement by rotation.



74


Meeting Date


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Shareholder





6. To reappoint M/s. Walker, Chandiok & Co. LLP (Firm Registration No. 001076N), Hyderabad, as auditors of the Company to hold office from the conclusion of this meeting till the conclusion 36th Annual General Meeting of the Company (for the year 2018-2019) subject to ratification of their appointment at every Annual General Meeting and to fix his remuneration.



7. To accord for increasing the remuneration of Shri V.C.Nannapaneni, Chairman and Managing Director of the Company for a period of 2 years from 01-04-2014 to 31-04-2016.



8. To increase the remuneration payable to Shri Rajeev Nannapaneni, Vice Chairman and Chief Executive Officer of the Company for a period of 2 years from 01-04-2014 to 31-03-2016.



9. To increase the remuneration payable to Dr.P. Bhaskara Narayana , Director and Chief Financial Officer of the Company for a period of 2 years from 01-04-2014 to 31-03-2016.



10. To Increase Remuneration of Dr. A.K.S. Bhujanga Rao, Director and President (R&D and Technical for a period of 2 years from 01-04-2014 to 31-03-2016.



11. To appoint Dr. B.S. Bajaj (DIN: 00122305), as an Independent Director of the Company to hold office for 5(five) years term up to the 36th Annual General Meeting of the Company to be held during the calendar year 2019.



12. To appoint Mr. G.S. Murthy (DIN: 00122454), as an Independent Director of the Company to hold office for 5(five) years term up to the 36th Annual General Meeting of the Company to be held during the calendar year 2019.



13. To appoint Shri D.G. Prasad (DIN: 00160408), as an Independent Director of the Company to hold office for 5(five) years term up to the 36th Annual General Meeting of the Company to be held during the calendar year 2019.



14. To appoint Shri T.V.Rao (DIN: 05273533), as an Independent Director of the Company to hold office for 5(five) years term up to the 36th Annual General Meeting of the Company to be held during the calendar year 2019.



15. To appoint Shri Dr. Mrs.Leela Digumarti (DIN yet to be allotted, as an Independent Director of the Company to hold office for 5(five) years term up to the 36th Annual General Meeting of the Company to be held during the calendar year 2019.



16. To reappoint Mr. Vivek Chhachhi (DIN: 00496620) as a Director of the Company who is liable to retirement by rotation.



17. To appoint M/s. S.S. Zanwar & Associates as a Cost Auditors for the financial year ending March 31, 2015, be paid remuneration of Rs.90,000/-



18. To accord to the Board of Directors of the Company and / or any Committee thereof to from the Company’s Bank or any other Indian or Foreign Bank(s), Financial Institution(s) and / or any other Lending Institutions such sum(s) of money(s) and the sum(s) to be borrowed together with the money(s) already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers / FIs in the ordinary course of business) with or without security on such terms and conditions as they may think fit shall exceed the aggregate of theb paid-up capital and free reserves of the Company but shall not exceed the sum of Rupees 600 Crores (Rupees Six Hundred Crores only) at any one time.



19. To create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations, if any, created by the Company, on such movable and immovable properties, both present and future shall not, at any time exceed the limit of Rs.600 Crores.



75


Meeting Date


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20. To Adopt Articles of Association of the Company Containing Regulations in Conformity with the Companies Act, 2013 and Investment Agreement Entered with M/S. CX Securtieis Ltd.



21. To accord the Board to create, issue, offer, and allot not exceeding 2.00 lakhs equity shares of face value of Rs. 10/- each of the company on a private placement basis to Sri.V C Nannapaneni, M/s.Time Cap Pharma Labs Pvt. Ltd, M/s.NDL Infra Tech Pvt. Ltd, Sri.Rajeev Nannapaneni, and Sri. S Kishore Kumar, Mrs.Lalita Uppala, Sri.T Bapineedu and Sri. T Parvathi (VCN Group) who holds 24.40% (1, 94, 47,975 equity shares of Rs.10/- each) of Natco Organics Ltd.



27-Sep-14 Oil India Ltd. Annual General Meeting


resolutions



Abstain -

2. To declare Interim Dividend and Second Interim Dividend and to declare Final Dividend for the financial year 2013-14 on the equity shares of the Company.


Abstain -

3. To appoint a Director in place of Shri N.K.Bharali (DIN: 03262719), who retires by rotation and being eligible, offers himself for reappointment.


Abstain -

4. To appoint a Director in place of Shri S.Rath (DIN:03495179), who retires by rotation and being eligible, offers himself for reappointment.


Abstain -

5. To authorise Board of Directors to decide remuneration / fees of the Statutory Auditors of the Company appointed by the Comptroller & Auditor General of India for the financial year 2014-15.


Abstain -

6. To appoint Smt. Rupshikha Saikia Borah (DIN:06700534) as a Director (Finance) and Chief Financial Officer of the Company, liable to retire by rotation.


Abstain -

7. To appoint Shri. Subhasish Panda (DIN: 02331848), as Director of the Company , liable to retire by rotation.


Abstain -

8. To appoint Shri. Sudhakar Mahapatra (DIN:06941346), as Director (Exploration and Development) of the Company, liable to retire by rotation.


Abstain -

9. To ratify the remuneration of the Cost Auditors for the financial year 2014-15.


Abstain -

29-Sep-14 Gateway Distriparks Ltd



resolutions




2. To confirm interim Dividend on equity shares. In favour of the proposal


3. To re-appoint M/s Price Waterhouse, (Firm Registration No. 301112E) as the auditors of the Company, to hold office until the conclusion of the next Annual General Meeting (AGM) and to fix remuneration.



4. To reappoint Mr. Gopinath Pillai (Din : 00268337) who retires by rotation in the Annual General Meeting as a director



5. To appoint Mr. Saroosh Dinshaw (DIN 00034110), as an Independent Director of the Company with effect from 29th September 2014 up to 28th September 2016.



6. To appoint Mr. Shabbir HassanBhai (DIN 00268133), as an Independent Director of the Company with effect from 29th September 2014 up to 28th September 2016.



7. To appoint Mr. M P Pinto (DIN 0021565), as an Independent Director of the Company with effect from 29th September 2014 up to 28th September 2016.



8. To appoint Mr. Bhaskar Avulla Reddy (DIN 065548976), as an Independent Director of the Company with effect from 1st May 2014 up to 30th April 2016



9. To appoint Mrs. Chitra Gauri Lal (DIN 02823536), as an Independent Director of the Company with effect from 5th August 2014 up to 4th August 2016



76


Meeting Date


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Shareholder





10. To amend Employee Stock Option Plan (ESOP 2013) that options exercisable into shares or securities convertible into Equity shares of the company under ESOP 2013 shall not be granted Independent Director of the company and Independent Director of the subsidiary company.


For ESOPs are an important retention tool for most companies to retain best talents.

11. To accord Board of Director to borrow monies in excess of the aggregate of the paid up share Capital and free reserve of the company, provided that the total amount borrowed and outstanding shall not be in excess of Rs. 400 Crore.



12. To secure loans and advances or any financial assistance or obligations undertaken by the company or its subsidiary company in the manner as board deem fit, not exceeding 400 Crore.



13. To offer, invite subscriptions from secured or unsecured, redeemable and non-convertible debentures in one or more tranches, on private placement not exceeding Rs. 400 cr.



29-Sep-14 Gayatri Projects Ltd.



resolutions




2. To declare Dividend on equity shares for year ended at March 31, 2014.



3. To reappoint, M/s. M O S & Associates, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General meeting until the conclusion of the next Annual General Meeting.



4. To appoint Shri. V.L. Moorthy (holding DIN 00013083) as an Independent Director, for a period of consecutive term of 5 years from the date of this general meeting.



5. To appoint Shri. G. Siva Kumar Reddy (holding DIN 00439812) as an Independent Director, be and is hereby appointed as Independent Director for a period of consecutive term of 5 years from the date of this general meeting.



6. To appoint Shri. CH. Hari Vittal Rao as an Independent Director for a period of consecutive term of 5 years from the date of this general meeting.



7. To re-appoint Sri T. V. Sandeep Kumar Reddy, (holding DIN: 00005573) as Managing Director of the Company for a period of Five Years and to fix his remuneration.



30-Sep-14 United Spirits Limited



resolutions



Abstain -

2. To appoint a Dr. Vijay Mallya (DIN: 00122890) as a Director who retires by rotation and being eligible, offers himself for re-appointment


Abstain -

3. To fill vacancy in the Board of Directors of the Company arising out of the retirement of Mr. Gilbert Ghostine (DIN: 06555302) who retires by rotation at this AGM and has not offered himself for re-appointment.


Abstain -

4. To reappoint M/s. B S R & Co. LLP, Chartered Accountants (Registration No. 101248W/W-100022) as the Statutory Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the twentieth AGM, subject to ratification and to fix remuneration.


Abstain -

5. To Appoint Mr. Sudhakar Rao (DIN: 00267211) as an Independent Director to hold office for five consecutive years from September 30, 2014 to September 29, 2019 and who shall not be liable to retire by rotation.


Abstain -

6. To Appoint Mr. D. Sivanandhan (DIN: 03607203) as an Independent Director to hold office for five consecutive years from September 30, 2014 to September 29, 2019 and who shall not be liable to retire by rotation.


Abstain -

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Meeting Date


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7. To Appoint Dr. (Mrs.) Indu Shahani (DIN: 00112289) as an Independent Director to hold office for five consecutive years from September 30, 2014 to September 29, 2019 and who shall not be liable to retire by rotation.


Abstain -

8. To fill Vacancy arising out of Mr. G.N. Bajpai (DIN: 00946138), Independent Director, not offering himself for re-appointment has not be filled up as of the current date.


Abstain -

9. To fill Vacancy arising out of Mr. Arunkumar Ramanlal Gandhi (DIN: 00007597), Independent Director, not offering himself for re-appointment has not be filled up as of the current date.


Abstain -

10. To fill Vacancy arising out of Mr. Vikram Singh Mehta (DIN: 00041197), Independent Director, not offering himself for re-appointment has not be filled up as of the current date.


Abstain -

11. To appoint Mr. Anand Kripalu (DIN: 00118324), as a Director of the Company, not subject to retirement by rotation so long as he holds the office of the Managing Director of the Company.


Abstain -

12. To appoint Mr. Anand Kripalu (DIN: 00118324) as Managing Director and Chief Executive Office of the Company with effect from August 14, 2014 for a period of five years and to fix his remuneration and shall not be subject to retirement by rotation.


Abstain -

13. To Revise in the terms of remuneration payable to Mr. P.A. Murali, Executive Director with effect from April 1, 2014 and shall remain in force till the end of his tenure as Executive Director i.e. up to July 03, 2018.


Abstain -

14. To borrow money in excess of aggregate of the paid up capital of the Company and its free reserves, provided that the total amount borrowed by the Board of Directors shall not exceed Rs. Ten Thousand Crores .


Abstain -

15. To Approve for contributing to bonafide charitable and other funds in any financial year to the extent of Rs.150,000,000/-, not exceeding 5% of the average net profits of the Company for the three immediately preceding financial years.


Abstain -

16. To Pay every year Remuneration to Non-Executive Directors not exceeding one percent per annum of the net profits of the Company in addition to sitting fees, reimbursement of expenses for participation in the Board and other meetings and will remain in force from April 01, 2014 until revoked.


Abstain -

Quarter ended December 31, 201409-Oct-14 Axis Bank Limited Postal Ballot Management 1. To Borrow and raise Funds in Indian currency by

issue of Long Term Bonds/Non-Convertible Debentures in Domestic market on a Private Placement basis not exceeding Rs. 6000 Crores.


For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purposes

18-Oct-14 CESC Limited Extra-Ordinary General Meeting

Management To create, issue, offer and allot equity shares/ Debentures/other securities to the Qualified Institutional Buyers on a Private Placement basis not exceeding US$ 150 million or rupee equivalent and to decide other terms and conditions thereof


For For the purpose of meeting the capital expenditure and additional working capital requirements and any other corporate purposes

18-Oct-14 Lupin Limited Postal Ballot Management 1. To accord approval for “Lupin Employees Stock Option Plan 2014” and to issue 3,375,000 Equity shares of the Face vale Rs.2/- amounting to Rs. 6,750,000.


For ESOP are an important retention tool for most of the organisations and the low remuneration structure of the companies.

2. To accord approval for “Lupin Subsidiary Companies Employees Stock Option Plan 2014” and to issue 1,125,000 Equity shares of the Face vale Rs.2/- amounting to Rs.2,250,000.



21-Nov-14 Glenmark Pharmaceuticals Limited

Postal Ballot Management To approve the scheme of amalgamation of Glenmark Generics Limited and Glenmark Access Limited with the Glenmark Pharmaceuticals Limited.


For To consolidate the operations therby providing further synergies; to provide flexibility in the overall organizational structure thereby enabling to achieve operational and management efficiency; Realignment of the corporate structure of the Glenmark group in line with its business objectives and in order to enhance the long term value of the shareholders

17-Nov-14 ICICI Bank Limited

Postal Ballot Management 1. To Sub-divide one Equity Share of face value of Rs.10/- each into five Equity Shares of Rs. 2/- each.



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2. To Alter the Capital Clause of Memorandum of Association.



3. To Alter the Share Capital clause of Articles of Association.



21-Nov-14 Infosys Limited Postal Ballot Management 1. To Increase the authorized share capital of the Company to Rs. 600,00,00,000 divided into 120,00,00,000 equity shares of 5 each.



2. To Alter the Capital Clause of Memorandum of Association.



3. To Alter the Capital Clause of Articles of Association. In favour of the proposal


4. To approve the issue of Bonus Shares In favour of the proposal


28-Nov-14 United Spirits Ltd. Extra-Ordinary General Meeting

Management 1. To Consider erosion of net worth of the Company as per Section 23 of the Sick Industrial Companies (Special Provisions) Act, 1985.


For To comply with Sick Industrial Companies (Special Provisions) Act, 1985.

2. To approve the sales promotion services agreement dated October 1, 2013, between the Company and Diageo India Private Limited, which may qualify as an existing material related party transaction entered into by the Company.



3. To approve the loan agreement dated July 3, 2013, between the Company and United Breweries (Holdings) Limited, which may qualify as an existing material related party transaction entered into by the Company.



4. To approve the trademark license agreement dated June 29, 2013, between the Company and United Breweries (Holdings) Limited, which may qualify as an existing material related party transaction entered into by the Company.



5. To approve the agreements dated September 30, 2011 and December 22, 2011 respectively, between the Company and United Breweries (Holdings) Limited requiring United Breweries (Holdings) Limited to sell to the Company certain immovable properties, which may qualify as existing material related party transactions entered into by the Company.



6. To approve the services agreement dated July 3, 2013, between the Company and Kingfisher Finvest India Limited, which may qualify as an existing material related party transaction entered into by the Company.



7. To approve the advertising agreement dated October 1, 2013 (which amended and restated the original agreement dated July 3, 2013) between the Company and Watson Limited, which may qualify as an existing material related party transaction entered into by the Compan.



8. To approve the sponsorship agreement dated June 11, 2013 between the Company and United Racing & Bloodstock Breeders Limited, which may qualify as an existing material related party transaction entered into by the Company.



9. To approve the sponsorship agreement dated June 11, 2013 between the Company and United Mohun Bagan Football Team Private Limited, which may qualify as an existing material related party transaction entered into by the Company.



10. To approve the aircraft services agreement dated June 11, 2013 between the Company and UB Air Private Limited, which may qualify as an existing material related party transaction entered into by the Company.



11. To approve the properties call agreement dated June 11, 2013 between the Company and PE Data Centre Resources Private Limited, which may qualify as an existing material related party transaction entered into by the Company.



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12. To approve the contribution agreement dated June 11, 2013 between the Company and Vittal Mallya Scientific Research Foundation, which may qualify as an existing material related party transaction entered into by the Company.



26-Nov-14 United Spirits Ltd. Postal Ballot Management 1. To enter into distribution agreement, license for manufacture and sale agreements and cost sharing agreement with certain Diageo subsidiaries.



26-Nov-14 Hero MotoCorp Limited

Postal Ballot Management 1. To alter of the Object clause of Memorandum of Association of the Company.



23-Dec-14 Bank of Baroda Extra-Ordinary General Meeting

Management 1 To elect three Shareholder Directors of the Bank and to assume their office from December 24, 2014 until the completion of a period of three years from the date of such assumption.



08-Dec-14 Cairn India Limited

Postal Ballot Management 1. To appoint Mr. Mayank Ashar (DIN 07001153) as Managing Director and Chief Executive Officer of the Company with effect from November 17, 2014 for a period of 5 years upto November 16, 2019 liable to retire by rotation and to decide his remuneration.



03-Dec-14 Crompton Greaves Limited

Postal Ballot Management 1. To increase the limit of shareholding by registered Foreign Institutional Investors from 24% to 100% of the paid up capital of the Company.


For To make more space for FIIs to invest in the equity of the Company.

19-Dec-14 Eclerx Services Limited

Postal Ballot Management 1. To adopt new sets of articles of association of the Company inter-alia pursuant to the Companies Act, 2013.



2. To amend the Memorandum of Association of the Company.



3. To consider and approve the Re- appointment of Mr. PD Mundhra as a Whole Time Director for a period of 5 years effective from April 01, 2015



28-12-2014

Glenmark Pharmaceuticals Limited

Postal Ballot Management 1. To issue further securities. In favour of the proposal


2. To increase the shareholding limit for Foreign Institutional Investors (FIIs) from 40% upto an aggregate limit of 49% of the paid-up equity share capital of the company.


For To make more space for FIIs to invest in the equity of the Company.

15-Dec-14 HDFC Bank Limited

Postal Ballot Management 1. To issue Long Term Bonds /Non-Convertible debentures on a private placement basis.


For To augment long term resources for financing,.

2. To appoint Mrs. Shyamala Gopinath as part time Non-Executive Chairperson



17-Dec-14 HSIL Limited Extra-Ordinary General Meeting

Management 1. To consider and approve issue of further securities. In favour of the proposal


2. To appoint Dr. Rainer Siegfried Simon as an Independent Director not liable to retire by rotation, for a term of 5 years commencing from December 17, 2014.



Quarter ended March 31, 201507-Jan-15 ING Vysya Bank

Limited Extra-

Ordinary General Meeting

Management To approve amalgamation of ING Vysya Bank Limited (Transferor Bank) with Kotak Mahindra Bank Limited (Transferee Bank), in terms of Section 44A of Banking Regulations Act, 1949 and RBI Guidelines.



15-Jan-15 YES Bank Limited Postal Ballot Management 1. To approve borrowing/raising fund in Indian/Foreign Currency by issue of debt securities as per applicable guidelines/regulations/ Act upto Rs. 8000 crores only.


For To comply with Companies Act, 2013 and Companies (Prospectus and Allotment of Securities) Rules, 2014.

2. To appoint Ms. Radha Singh (DIN 02227854) as Non- Executive Part Time Chairperson of the Bank for the period of Two years w.e.f. October 30, 2014 and on approve her remuneration of Rs. 18 lakhs per annum and other facilities.



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3. To approve partial modification of resolution passed as Item no. 7 in Seventh Annual General Meeting held on June 28, 2011 to amend Employee Stock Option Scheme of the Bank i.e. “YBL JESOPV/PESOP II” by revising maximum number of the scheme to be granted from current 15 lakhs option per employee to 25 lakhs option per employee and to amend scheme to make it in line with the provisions of the Regulations.



4. To approve partial modification of resolution passed as Item no. 8 in Seventh Annual General Meeting held on June 28, 2011 to amend Employee Stock Option Scheme of the Bank i.e. “YBL JESOPV/PESOP II” by revising maximum number of the scheme to be granted to the employees of subsidiary and/or associate company from current 15 lakhs option per employee to 25 lakhs option per employee and to amend scheme to make it in line with the provisions of the Regulations.



19-Jan-15 Tata Motors Limited

Postal Ballot Management 1. To approve Remuneration of Mr Ravindra Pisharody, Executive Director (Commercial Vehicles) due to inadequacy of profits for financial year ended March 31, 2014.



2. To approve ratification for payment of Minimum Remuneration to Mr Satish Borwankar, Executive Director (Quality) due to inadequacy of profits for financial year ended March 31, 2014.



3. To approve ratification for payment of Minimum Remuneration and death related benefits / compensation to (late) Mr Karl Slym, Managing Director / his legal heir due to inadequacy of profits for financial year ended March 31, 2014.



4. To approve for payment of Minimum Remuneration to Mr Ravindra Pisharody, Executive Director (Commercial Vehicles) in case of inadequacy of profits for FY 2014-15 and FY 2015-16.



5.To approve for payment of Minimum Remuneration to Mr Satish Borwankar, Executive Director (Quality) in case of inadequacy of profits for FY 2014-15 and FY 2015-16.



09-Feb-15 Tata Chemicals Limited

Postal Ballot Management 1. To approve for alteration of Object Clause of Memorandum of Association of the company.



2. To approve appointment of Ms. Vibha Paul as an Independent Director of the Company.



21-Feb-15 Dewan Housing Finance Corporation Ltd.

Postal Ballot Management 1. To issue Securities for an aggregate amount not exceeding 1,000 crore or equivalent thereof.



2. To approve Dewan Housing Finance Corporation Limited Employee Stock Appreciation Rights Plan 2015 and grant of Stock Appreciation Rights (SARs) to the employees of the Company.


For SARs are an important retention tool for most of the organisations and the low remuneration structure of the companies.

3. To approve Trust route for the implementation of Dewan Housing Finance Corporation Limited Employee Stock Appreciation Rights Plan 2015.


For To efficiently manage the Employee Stock Appreciation Rights Plan 2015.

26-Feb-15 State Bank of India

Extra-Ordinary General Meeting

Management 1. To approve Public Issue i.e FPO or Right Issue or Private Placement, including QIP, GDR/ADR, and/or any other modes or a combination thereof , as approved by GOI & RBI.


For To match anticipated growth in assets and comply with stipulated level of capital adequacy.

27-Feb-15 Infosys Limited Postal Ballot Management 1. To appoint Prof. Jeffrey S. Lehman as an Independent Director.



2. To appoint John W. Etchemendy as an Independent Director



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02-Mar-15 HSIL Limited Postal Ballot Management 1. To increase the aggregate limit for Investments by the Foreign Institutional Investors and Non Resident Indians in equity share capital of the Company.


For The Board at their EGM held on 8 March 2010 had approved the enhancement of limit for purchase/ acquisition of shares of the Company by FIIs, NRIs and other eligible foreign investors from 30% to 40% of the paid-up equity share capital of the Company.As of 31 December 2014, holding of FIIs and NRIs was approximately 11% and 0.35% respectively of paid up share capital of the Company. To make more space for FIIs to invest in the equity of the Company, it is proposed to increase the present limit of FIIs shareholding in the Company to 40% of paid up equity share capital of the Company.The Board of Directors at their meeting held on 15 January 2015, decided to (1) increase the aggregate permissible limit of FII's equity shareholding of the Company to 40% of the paid-up equity share capital of the Company and (2) increase the aggregate permissible limit of NRIs in equity shareholding of the Company to 5% of the paid-up equity share capital of the Company. The Company is seeking the approval of the shareholders.The increased shareholding limit for FIIs in a company normally results in enhanced shareholder value.

03-Mar-15 Tata Motors Limited

Postal Ballot Management 1. To Issue ordinary shares and ‘A’ ordinary shares through a Rights Issue.


For As at 31 March 2013, equity share capital of Tata Motors comprises 2.74 bn ordinary shares of Rs.2 each and 482.2 mn ‘A’ Ordinary shares of Rs.2 each. Combining both, the total paid up share capital of the company is 3,219.4 mn equity shares of Rs.2 each aggregating to Rs.6.44 bn.The shareholders of ‘A’ ordinary shares are eligible to receive dividend at 5% more than the aggregate rate of dividend declared on ordinary shares for each financial year. Tata Motors ‘A’ Ordinary shares are Differential Voting Rights (DVR) shares. DVR shares have voting rights of one vote for every 10 shares held. The Ordinary shares have full voting rights.Tata Motors proposes a right issuance of Rs.75.0 bn to its shareholders: ‘Ordinary’ and ‘A’ Ordinary rights will be in same ratio as is currently outstanding.Tata Motors will utilize the proceeds for future growth and global expansion. According to the Company, the automobile business is cyclical and the planned capital expenditure it is prudent to raise capital. The Company expects an annual capital outlay of Rs.40.0 bn for its India Business and Rs.341.0 bn for Jaguar Land Rover Business (in the near term). The consolidated cash flows and the proceeds from the issuance will likely fund the Company’s expansion plans.

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06-Mar-15 Torrent Pharmaceuticals Limited

Postal Ballot Management 1. To issue Equity shares including convertible Bonds / Debentures


For Torrent Pharmaceuticals Limited (Torrent Pharma) proposes to raise an amount not exceeding Rs.30.0 bn through issue of securities. The funds will be used for organic and inorganic growth, capital expenditure, long term working capital, refinancing the existing borrowings, and other such corporate purposes.No specific instrument has been finalized by the board. The company has left the final decision to the discretion of the board which may raise funds through issuance of equity shares and/or global depository receipts and/or American depository receipts and/or convertible bonds/debentures or any equity linked instruments through private placement or QIP. This is an enabling resolution that gives powers to the board, for one year, to raise funds after determining the form and terms of issuance, number of securities to be issued at each tranche, issue price, face value, and discount on securities. Hence, the pricing for the issuance of securities cannot be calculated.The price for the issue will be determined as per SEBI (ICDR) Regulations, 2009. However, the company may offer a discount of upto 5% on the QIP price.As per our analysis, to raise Rs.30.0 bn, approximately 26.1 mn fresh shares need to be allotted (assuming the current market price of Rs.1,150.6 per share as the issuance price of securities). The current share capital comprises 169.2 mn equity shares of face value Rs.10.0 each. If we assume that the entire amount is raised, this will result in equity dilution of ~13% for existing shareholders (including the promoters).We have flagged the resolution for ‘transparency risk’ because the company has not clearly stated the reasons for raising funds.

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2. To enhance borrowing limits from Rs. 5,000 Crores to Rs. 10,000 Crores


For Currently, based on an approval given by shareholders in January 2014, the company is authorized to borrow upto Rs.50.0 bn. Through this resolution Torrent Pharma seeks shareholder approval to increase its borrowing limit to Rs.100.0 bn for the various corporate purposes mentioned in the previous resolution.As on 31 March 2014, the standalone debt/net worth ratio is 0.5x and debt/EBITDA is 1.0x. Assuming that the company raises the entire amount of equity mentioned in resolution #1 (Rs.30.0 bn) and utilizes the entire proposed borrowing limit (Rs.100.0 bn), the debt-to-equity ratio is likely to deteriorate to 2.1x. Torrent Pharma’s debt programmes are rated ICRA AA/Stable/ICRA A1+ which denotes high degree of safety regarding timely servicing of financial obligations. These instruments carry very low credit risk. We expect that the company will continue to remain judicious in raising debt. We have flagged the resolution for ‘transparency risk’ because the company has not clearly stated the reasons for raising funds. We expect the level of disclosure to be more granular for those seeking to raise the existing borrowing limits by more than 25%.

3. To create charge on Company’s properties / Assets. In favour of the proposal

For The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates.

4. To issue Redeemable Non-Convertible Debentures / Bonds by way of Private Placement.


For Torrent Pharma seeks shareholder approval to issue unsecured/secured redeemable non-convertible debentures/bonds for an amount not exceeding Rs.75.0 bn on private placement basis. The board of the company will be empowered to determine the pricing, repayment period, and interest rate of the debentures.The proposed issuance will form a part of the company’s overall borrowing programme. Hence, it is subject to the borrowing limit proposed in resolution #2.We have flagged the resolution for ‘transparency risk’ because the company has not clearly stated the reasons for raising funds.

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5. To increase the FII / FPI / NRI shareholding limit in the paid up share capital of the Company.


For As per the Fore ign Exchange Management Act, 1999 and the Foreign Exchange Management (transfer or issue of security by a person resident outside India) Regulations, 2000, FIIs can acquire and hold (on their own account and on behalf of their SEBI approved sub-accounts together), up to an aggregate limit of 24% of the paid up equity capital of an Indian company. The regulations further provide that this limit can be increased up to the sector specific ceiling/cap. In the pharmaceutical sector, foreign investment is allowed upto 100%. Also, for NRIs the limit of 10% of the paid up equity capital of the company can be increased to 24% by passing a special resolution to that effect, followed by necessary filings with Reserve Bank of India. As on 31 December 2014, the FII holding in Torrent Pharma is ~13% and the NRI holding is not significant. The company seeks shareholder approval to increase the limit of shareholding by FIIs from 24% to 35% and Non-Resident Indians (NRIs) from 10% to 24% of the paid up equity capital of the company. This is an enabling provision, which will provide for further foreign investment in the company.

07-Mar-15 Axis Bank Limited Postal Ballot Management 1. To appoint Shri V R Kaundinya as an Independent Director.


For The reappointment of V. R. Kaundinya is in line with all the statutory requirements.

2. To appoint Shri Prasad R Menon as an Independent Director.


For The reappointment of Prasad Menon is in line with all the statutory requirements.

3. To appoint Prof Samir K Barua as an Independent Director.


For The reappointment of Samir Barua is in line with all the statutory requirements.

4. To appoint Shri Som Mittal as an Independent Director. In favour of the proposal

For The reappointment of Som Mittal is in line with all the statutory requirements.

5. To appoint Smt Ireena Vittal as an Independent Director.


For The reappointment of Ireena Vittal is in line with all the statutory requirements.

6. To appoint Smt Rohit Bhagat as an Independent Director.


For The reappointment of Rohit Bhagat is in line with all the statutory requirements.

7. To Issue Long Term Bond/Non-Convertible Debentures on a Private Placement basis.


For These long term bonds / NCDs issued will be within the Bank’s overall borrowing limits, which are regulated by the Capital Adequacy Ratio monitored by the Reserve Bank of India

10-Mar-15 Tech Mahindra Limited

Postal Ballot Management 1. To approve Issue of Bonus Shares. In favour of the proposal

For Tech Mahindra Ltd (Tech Mahindra) proposes to issue one equity share as bonus to one equity share held in the Company. The bonus issue is aimed at enhancing the liquidity of the company’s securities in the market, which will in turn increase the shareholder base of the company.

2. To Sub-Divide Equity Shares from the Face Value of Rs. 10/- per share to Rs. 5/- per share.


For Tech Mahindra proposes to sub-divide the face value of equity share from Rs.10 to Rs.5 each. The split of equity shares will enhance the liquidity of the Company’s shares in the stock market.

3. To alter Capital Clause in the Memorandum of Association.


For The proposed split of equity shares from Rs.10 each to Rs.5 each requires amendment in the Memorandum of Association of the Company (MoA). The Company accordingly proposes to alter clause V(a) in its MoA. The proposed clause reads: “The authorized share capital of the Company is Rs.6.34 bn comprising 1.27 bn equity shares of Rs.5 each”.

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4. To alter Capital Clause of the Articles of Association. In favour of the proposal

For The proposed split of equity shares from Rs.10 each to Rs.5 each requires amendment in the Articles of Association of the Company. The proposed clause 3 reads: “The authorized share capital of the Company shall be as stated in clause V(a) of the Memorandum of Association”.

11-Mar-15 Bajaj Finance Limited

Postal Ballot Management 1. To borrow money for the purpose of the business of the company, provided that the total amount borrowed by the board of directors shall not exceed the sum of Rs.50,000 crore.


For To support future business plans of the company.

2. To accord the creation of mortgages, charges, liens, hypothecation and/or other securities in favour of the banks / financial institutions /other lenders / fixed deposit trustee/ debenture trustee / security trustee as may be agreed to by the board of directors of the company, for the purpose of securing the repayment of any loans / financial assistance (whether in Rupees or in foreign currency), debentures or bonds or other instruments issued to the public and/or on private placement basis and/or in any other manner, subject to a maximum of Rs. 50,000 crore.


For To consider the future business plans of the company and to comply with the Companies Act, 2013.

3. To Accord substituting the Articles of Association of the company with a new set of Articles of Association.



12-Mar-15 NIIT Technologies Limited

Postal Ballot Management 1. To authorise the Board of Directors of the Company to secure the borrowings.



16-Mar-15 Gateway Distriparks Limited

Postal Ballot Management 1. To amend the Memorandum of Association. In favour of the proposal

For The amendments are related to creating charge on assets, and updating the authorized share capital clause of the company. Now as per the new amendment certain sections are inserted in the existing clause to align the article with the respective section of Companies Act, 2013.

2. To amend the Articles of Association. In favour of the proposal


3. To perform related party transaction. In favour of the proposal

For Pursuant to provisions of Section 188 (1) of the Companies Act, 2013, the company seeks shareholders’ approval for related party transaction. GRFL is in the business of operating container trains and rail linked inland container depots. The land for the sale is located adjacent to GRFL’s rail terminal at Garhi Harsaru Gurgaon. Presently, this facility is used by GRFL under an Operations and Management agreement with the company. After the sale, GRFL will be able to further develop and utilize this facility for its container rail related business.The company has stated that the consideration for the transaction is based on the prevailing market prices, which is valued by an independent valuer. As per the independent valuation the price of sale is estimated at Rs.68.5 mn per an acre of land.

18-Mar-15 Divis Laboratories Limited

Postal Ballot Management 1. To Re-appoint Mr. Madhusudana Rao Divi as Director – Projects of the Company.


For Madhusudana Rao Div i ’s FY14 remuneration aggregating Rs.9.9 mn and his proposed remuneration of Rs.12.9 mn is in line with industry peers and commensurate to the size of the business.

2. To Re-appoint Mr. Kiran S Divi as Director & President – Operations of the Company.



20-Mar-15 Eicher Motors Ltd. Annual General Meeting

Management 1. To receive, consider and adopt the Audited Financial Statement as at December 31, 2014 and Statement of Profit & Loss for the year ended on that date, together with the Auditors’ and Directors’ Report thereon.



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2. To declare dividend of Rs. 50 per equity shares. In favour of the proposal

For The dividend per share has increased from Rs.30.0 in CY13 to Rs.50.0 in CY14. But because of a significant increase in the standalone PAT, the payout ratio decreased from 34.1% to 26.9% during the same period.

3. To appoint M/s Deloitte Haskins & Sells (Firm Registration number 015125N), as Statutory Auditors of the Company to hold office from conclusion of 33rd Annual General Meeting until the conclusion 36th Annual General Meeting and to fix their Remuneration.



4. To appoint Ms. Manvi Sinha (DIN 07038675) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a five consecutive years.


For Ms. Manvi Sinha is a journalist. Her appointment is line with the statutory requirements.

5. To appoint Mr. Srinivasan Sandilya (DIN 00037542) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a five consecutive years.



6. To appoint Mr. Priya Brat (DIN 00041859) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a five consecutive years.



7. To appoint Mr. M J Subbaiah (DIN 00044799) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a five consecutive years.



8. To appoint Mr. Prateek Jalan (DIN 02170139) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a five consecutive years.


For Prateek Ja lan is a lawyer. His reappointment is in line with the statutory requirements. Prateek Jalan has been associated with the company for 7 years: reappointment for another 5 years will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, if reappointed, we will consider him as non-independent once his tenure crosses 10 years: this will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.

9. To approve payment of Remuneration by way of commission to Directors of the Company.


For The company is already authorized to pay commission of upto 1% to its non-executive directors. It is now seeking to renew this pay structure for a further period of five years w.e.f 1 January 2015. We observe that the total commission in CY14 aggregated to Rs.7.7 mn, which is reasonable given the size and scale of company. In addition, in the last three years, the commission paid to non-executive directors has been well below the limit of 1%. We therefore recommend voting FOR the resolution. Our recommendation factors in the fact that the board has been judicious in paying commission in the past. However, the board needs to indicate a cap or a realistic range on commission payable.

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10. To revise the terms and conditions of appointment and fix Remuneration of Mr. Siddhartha Lal – Managing Director (DIN 00037645)


For As per the company’s remuneration policy, Siddhartha Lal’s salary is revised each year. This time, the company proposes to revise the remuneration terms of Siddhartha Lal and proposes to pay Rs 7.3 mn per annum (from Rs.6.3 mn) as basic salary and Rs 14.5 mn per annum (from Rs.12.7 mn) as flexible payment allowance (FPA). In addition, he will continue to be eligible for a commission of upto 5% of net profits. We have red-flagged this issue as it is open-ended and there is no clarity on the final pay. However we observe that, in previous years, the commission has been well within the approved limits (less than 1% of net profits) and the overall remuneration has moved in line with the performance of the company. In addition, the pay is in line with industry peers.

11. Increase in FII holding limit from 24% to 49% In favour of the proposal

For This is an enabling provision, which will provide for further foreign investment in the company.

23-Mar-15 Indian Bank Extra-Ordinary General Meeting

Management 1. To Issue Equity Shares through preferential allotment to Government of India (GOI).


For The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from 1 April 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.Indian Bank’s CAR as on 31 December 2014 was at 13.06% (with Tier I CAR at 10.56%). Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in the years to come. Thus Indian Bank plans to raise further Tier I capital to the extent of Rs. 2.8 bn by way of preferential allotment to Government of India. The issue price will be as computed as per SEBI ICDR Regulations, the relevant date is 20 February 2015. Assuming the issue price is Rs 187.8 per share (closing price as on 25 February 2015), bank will issue approx. 14.9 mn equity shares of Rs 10 each.The preferential issue will lead to a ~3.1% dilution for minority shareholders. Government of India’s stake in the bank will increase from 81.5% to 82.1%.

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24-Mar-15 State Bank of India

Extra-Ordinary General Meeting

Management 1. To accord the Central Board of Directors of the Bank to exercise its powers to create, offer, issue and allot such number of Equity Shares of Rupee.1/- each for cash at such price to be determined by the Board, aggregating to the tune of upto Rs. 2970 crores (including premium), on preferential basis to the “Government of India.”.


For The Reserve Bank of India (RBI) has implemented the Basel III Capital Requirements from April 01, 2013 in a phased manner. The guidelines will be fully phased in by 31 March 2019, under which banks will need to maintain a capital adequacy ratio (CAR) of 9% in addition to a Capital Conservation Buffer (CCB) of 2.5%.SBI’s board has decided to maintain a minimum CAR of 12.0% (with Tier I CAR at 9.0%) from the current FY15. The bank’s CAR as on 31 December 2014 was at 12.54%. Even with the plough back of profits, the Bank will require additional capital to maintain its CAR, given its anticipated growth in assets in FY15 and the years to come. Thus SBI plans to raise further Tier I capital to the extent of Rs.29.7 bn, by issuing equity shares to the Government of India (promoter). The exact number of shares will be decided later. The pricing will be as per SEBI (ICDR) Regulations. Assuming current market price of Rs.294.2, ~100 mn shares will be issued which will lead to a dilution of 1.3% for minority shareholders. Government of India’s stake in the bank will increase from 58.6% to 59.1% .

26-Mar-15 Bank of Baroda Extra-Ordinary General Meeting

Management 1. To create, offer, issue and allot such number of equity shares of Rs. 2/- each for cash at a premium to be determined in accordance with SEBI ICDR Regulations, aggregating upto Rs. 1260/- crore, on preferential basis to Government of India.


For In order to achieve a sustainable growth in its assets and maintaining robust CRAR, need is felt for augmenting capital as the plough back of profits alone would not be adequate enough to meet the required capital to support the envisaged asset growth and to support national and international banking operations undertaken through Bank’s subsidiaries and associates.

26-Mar-15 Indusind Bank Limited

Postal Ballot Management To borrow / raise funds in Indian currency by issue of Long Term Infrastructure Bonds and Subordinate Non-Convertible Debentures (NCDs) / Bonds eligible to be included as Additional Tier 1 and Tier 2 Capital of the Bank in domestic market on Private Placement basis as deemed fit by the Board not exceeding Rs. 2000/- crores.


For RBI has recently authorized banks to issue Long Term Senior Unsecured Non-Convert ible Debentures for a minimum maturity of 7 years to finance their incremental lending for infrastructure and housing. In addition, as per RBI’s Basel III norms, perpetual debt instruments are eligible to be included as additional Tier 1 capital and subordinated debentures as Tier 2 capital. IndusInd Bank had a capital adequacy ratio of 12.39% as on 31 December 2014, which is close to RBI’s minimum requirement of 9%. Therefore, in order to maintain its capital adequacy and support balance sheet growth, the bank proposes to issue Long Term Infrastructure Bonds and Subordinated Non-Convertible Debentures upto Rs.20 bn through private placement.This is an enabling resolution. The issuance of all debt securities on private placement basis will be within the overall borrowing limit.

28-Mar-15 Reliance Industies Ltd.

Postal Ballot Management 1. To appoint Shri Mansingh L. Bhakta (DIN: 00001963) as an Independent Director.



2. To appoint Dr. Dharam Vir Kapur (DIN: 00001982) as an Independent Director.



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Shareholder





3. To appoint Prof. Dipak C. Jain (DIN: 00228513) as an Independent Director.


For The reappointment of Prof. Dipak Jain is in line with all the statutory requirements. Dipak Jain has been associated with the company for nine years: reappointing him for more than a year will result in a cumulative tenure of over 10 years. We believe that the tenure of directors is inversely proportionate to their independence. Therefore, in line with our Voting Policy on (Re) Appointments of Independent Directors, we will consider him as non-independent once his tenure crosses 10 years. This will impact our view on the company’s board composition and voting recommendations on coming board appointments and reappointments.Shareholders may note, the company has clarified to us that it is on the process of inducting independent director by the end of AGM in 2017.

4. To appoint Dr. Raghunath A. Mashelkar (DIN: 00074119) as an Independent Director.


For His reappointment is in line with all the statutory requirements.

5. To appoint Shri Maheswar Sahu (DIN: 00034051) as an Independent Director.


For The appointment of Maheswar Sahu is in line with all the statutory requirements.

6. To alter the Objects Clause of the Memorandum of Association of the Company.


For Reliance Industries proposes to alter Clause III.A of the objects clause of MoA. The amendments are related to the company’s business scope into e-commerce, banking services, cloud and IT services. RIL is already in the above mentioned businesses through its different subsidiaries. The company needs shareholders’ approval for the amendments in the object clause as the company at its standalone level may enter into the above mentioned businesses in future.

7. To re-appoint Shri Hital R. Meswani (DIN: 00001623) as a Whole-time Director designated as Executive Director.


For His reappointment is in line with all the statutory requirements. Despite an opaque remuneration policy for executive directors, the final compensation granted to the directors in RIL has always been comparable to peers and commensurate with the overall size of the company. The company has clarified to us that the proposed remuneration for Hital Meswani will remain in line with the previous years’ compensation as well as in line with the peers in the industry.

90


Meeting Date


(AGM/EGM)


Shareholder





27-Mar-15 Sundaram Finance Limited

Postal Ballot Management 1. To authorize the Board of Directors of the Company to make investments upto Rs. 2000/- crores (i.e. in excess of the limits prescribed under the said Section).


For As on 31 December 2014, Sundaram Finance Ltd’s (Sundaram Finance) inter-corporate transactions aggregated Rs.11.3 bn. The Company seeks approval to increase its intercorporate transaction limit upto Rs.20.0 bn from the existing limit of Rs.15.0 bn. The increase is limit is essential for growing its business activities and for strategic reasons.As at 31 March 2014, the Company had invested Rs.3.9 bn in 13 subsidiaries (of which 11 are wholly owned), Rs.0.8 bn in associates, Rs.1.93 bn in Joint Ventures, and Rs.0.6 bn in other corporates. The total intercorporate transactions then were Rs.10.0 bn. Sundaram Finance’s significant proportion of investments are in subsidiaries. Its subsidiaries are engaged in providing services including asset management, home finance, insurance, mutual fund services and IT solutions. We flag the ‘transparency risk’ to the proposal as the Company has not disclosed the period over which the proposed intercorporate transaction limit will be utilized and the companies/business in which it is likely to be invested.

2. To authorize Private Placement of Debentures upto a sum of Rs. 7500/- crores during the period April 01, 2015 to March 31, 2016.


For Sundaram Finance seeks to issue non-convertible debentures and/or other debt securities on private placement basis. These securities are part of the company’s debt programme and are not in addition to its borrowing limit.

91


INDEPENDENT AUDITORS’ REPORT

To,The Board of Directors of MIRAE ASSET TRUSTEE COMPANY PRIVATE LIMITED

Report on the Financial StatementsWe have audited the accompanying financial statements of MIRAE ASSET MUTUAL FUND - MIRAE ASSET ULTRA SHORT TERM BOND FUND, and MIRAE ASSET MUTUAL FUND - MIRAE ASSET SHORT TERM BOND FUND (“the Scheme”), which comprise the Balance Sheet as at March 31, 2015, and the Revenue Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specified in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as at March

31, 2015.b) In case of Revenue Account, of the Surplus of the Scheme for the year

ended on that date.

Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best of

our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in

agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this

report have been prepared in conformity with the accounting policies and standards specified in the Ninth Schedule to the SEBI Regulations.

4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at March 31, 2015 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.

For Chokshi & Chokshi LLP Chartered Accountants FRN - 101872W/W100045

Sd/- Nilesh Joshi Partner Membership No. 114749

Place: Mumbai Date: July 22, 2015



Report on the Financial StatementsWe have audited the accompanying financial statements of MIRAE ASSET MUTUAL FUND - MIRAE ASSET INDIA OPPORTUNITIES FUND, and MIRAE ASSET MUTUAL FUND - MIRAE ASSET EMERGING BLUECHIP FUND, and MIRAE ASSET MUTUAL FUND - MIRAE ASSET INDIA-CHINA CONSUMPTION FUND, and MIRAE ASSET MUTUAL FUND - MIRAE ASSET GLOBAL COMMODITY STOCK FUND, and MIRAE ASSET MUTUAL FUND - MIRAE ASSET CHINA ADVANTAGE FUND (“the Scheme”), which comprise the Balance Sheet as at March 31, 2015, and the Revenue Account for the year then ended, and a summary of significant accounting policies and other explanatory information.



OpinionIn our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as at March

31, 2015.b) In case of Revenue Account, of the Surplus of the Scheme for the year

ended on that date.Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best of


agreement with the books of account. 3. In our opinion, the balance sheet and revenue account dealt with by this






92




Report on the Financial StatementsWe have audited the accompanying financial statements of MIRAE ASSET MUTUAL FUND - MIRAE ASSET FMP SERIES I-368 DAYS (“the Scheme”), which comprise the Balance Sheet as at February 23, 2015, and the Revenue Account for the period April 01, 2014 to February 23, 2015, and a summary of significant accounting policies and other explanatory information.



OpinionIn our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as at

February 23, 2015.b) In case of Revenue Account, of the Surplus of the Scheme for the period

April 01, 2014 to February 23, 2015.Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best of


agreement with the books of account. 3. In our opinion, the balance sheet and revenue account dealt with by this


4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at February 23, 2015 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.






Report on the Financial StatementsWe have audited the accompanying financial statements of MIRAE ASSET MUTUAL FUND – MIRAE ASSET CASH MANAGEMENT FUND (“the Scheme”), which comprise the Balance Sheet as at March 31, 2015, and the Revenue Account for the year then ended, and a summary of significant accounting policies and other explanatory information.



OpinionIn our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as at

March 31, 2015.b) In case of Revenue Account, of the Surplus of the Scheme for the year

ended on that date.

Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best of


agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this






93


MIRAE ASSET MUTUAL FUNDBALANCE SHEET AS AT 31 MARCH 2015

(All amounts in thousands of Rupees)

Mirae Asset India Opportunities Fund

Mirae Asset Emerging Bluechip Fund

31 March, 2015

31 March, 2014

31 March, 2015

31 March, 2014

Schedule

SOURCES OF FUNDS

Unit capital 2(b) & 3 37,58,383 23,42,463 25,85,651 14,78,714

Reserves and surplus 2(b) & 4 62,77,328 18,28,011 43,56,519 8,29,471

Current liabilities 5 55,939 55,059 27,962 34,727

1,00,91,650 42,25,533 69,70,132 23,42,912

APPLICATION OF FUNDS

Investments 2(c) & 6 98,62,919 40,19,441 68,19,937 21,68,050

Other current assets 7 2,28,731 2,06,092 1,50,195 1,74,862

1,00,91,650 42,25,533 69,70,132 23,42,912

The accompanying schedules are an integral part of this balance sheet.As per our report of even date.

For Chokshi & Chokshi LLPChartered AccountantsFirm Registration No. 101872W / W100045

Sd/-Nilesh JoshiPartnerMembership No.114749

For and on behalf ofMirae Asset TrusteeCompany Private Limited

Sd/-V. B. HaribhaktiChairman

Sd/-S. T. GerelaDirector

For and on behalf of Mirae Asset Global Investments (India) Private Limited

Sd/-Jisang Yoo Director & CEO

Sd/-B. N. Chakraborty Director

Sd/-Gopal AgrawalChief Investment Officer

Sd/-Neelesh Surana Head (Equity)

Sd/-Sumit AgrawalFund Manager (Equity)

Place : MumbaiDate : July 22, 2014

94



Mirae Asset India - China Consumption Fund

Mirae Asset Global Commodity Stocks Fund

31 March, 2015

31 March, 2014

31 March, 2015

31 March, 2014

Schedule

SOURCES OF FUNDS

Unit capital 2(b) & 3 1,50,452 1,36,273 83,390 1,09,710

Reserves and surplus 2(b) & 4 1,72,690 62,618 5,496 21,811

Current liabilities 5 1,133 1,274 910 5,161

3,24,275 2,00,165 89,796 1,36,682


Investments 2(c) & 6 3,20,700 1,91,862 88,183 1,29,374

Other current assets 7 3,575 8,303 1,613 7,308

3,24,275 2,00,165 89,796 1,36,682














95




Mirae Asset China Advantage Fund

31 March ,2015 31 March ,2014

Schedule

SOURCES OF FUNDS

Unit capital 2(b) & 3 1,28,972 2,04,551

Reserves and surplus 2(b) & 4 66,387 60,543

Current liabilities 5 3,821 2,914

1,99,180 2,68,008


Investments 2(c) & 6 1,95,490 2,61,776

Other current assets 7 3,690 6,232

1,99,180 2,68,008














96

MIRAE ASSET MUTUAL FUNDREVENUE ACCOUNT FOR THE YEAR / PERIOD ENDED 31 MARCH 2015




ScheduleApril 01, 2014

to March 31, 2015

April 01, 2013 to

March 31, 2014

April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014

INCOMEDividend 2(d) 76,321 44,947 54,072 29,840 Interest 2(d) & 8 10,487 6,087 9,828 3,911 Profit on sale/redemption of investments, net 2(d) 9,98,722 2,03,999 9,64,215 1,53,855 Load income 3,723 2,907 3,140 892 Gain / (Loss) on foreign exchange, net - - - - Refund - Scheme Expenses - - - - Change in net unrealised gain in value of Investments

14,23,096 5,94,848 14,24,096 3,92,098

Total 25,12,349 8,52,789 24,55,351 5,80,596

EXPENSES AND LOSSESLoss on sale/redemption of investments, net - - - - Management fee 9 87,551 38,479 62,864 20,201 Service tax on Management fees 10,821 4,756 7,770 2,497 Trusteeship fee 9 843 755 572 383 Custodian service charges 1,109 461 794 258 Registrar service charges 6,546 3,507 4,668 1,806 Commission to distributors 1,20,907 39,472 70,807 18,994 Audit fee 205 172 171 172 Investor Protection Fund Expense 1,406 616 1,006 318 Other operating expenses 4,398 2,707 3,255 1,173

2,33,786 90,925 1,51,907 45,802 Less: Expenses reimbursed / to be reimbursed by AMC

(61,411) (8,843) (24,385) (2,003)

Total 1,72,375 82,082 1,27,522 43,799

Surplus /(Deficit) for the year 23,39,974 7,70,707 23,27,829 5,36,797 Equalisation (Debit) / Credit 2(e) 11,45,702 1,50,599 2,19,996 30,197 Transfer from retained surplus 2,44,925 1,22,093 1,80,799 94,550 Income distribution on capital account (2,44,925) (1,22,093) (1,80,799) (94,550)Transfer (To) From Unrealised appreciation reserve

(14,23,096) (5,94,848) (14,24,096) (3,92,098)

Surplus / (Deficit) transferred to the balance sheet 4 20,62,580 3,26,457 11,23,729 1,74,896














97



Mirae Asset India-China Consumption Fund



to March 31, 2015

April 01, 2013 to

March 31, 2014

April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014

INCOMEDividend 2(d) 3,023 3,145 3,720 5,051 Interest 2(d) & 8 525 423 113 124 Profit on sale/redemption of investments, net 2(d) 37,187 5,630 833 Load income 81 229 35 56 Gain / (Loss) on foreign exchange, net 4,135 8,156 3,370 7,706 Refund - Scheme Expenses - 110 - 81 Change in net unrealised gain in value of Investments

46,701 27,382 (13,952) 9,769

Total 91,652 45,075 (5,881) 22,787

EXPENSES AND LOSSESLoss on sale/redemption of investments, net - - - 11,926 Management fee 9 3,039 2,233 1,419 1,937 Service tax on Management fees 376 276 175 239 Trusteeship fee 9 32 45 19 41 Custodian service charges 145 56 703 778 Registrar service charges 230 205 74 180 Commission to distributors 3,170 1,853 744 1,050 Audit fee 137 115 103 88 Investor Protection Fund Expense 49 36 23 31 Other operating expenses 329 348 147 271

7,507 5,167 3,407 16,541 Less: Expenses reimbursed / to be reimbursed by AMC

(697) (86) (148) (187)

Total 6,810 5,081 3,259 16,354

Surplus /(Deficit) for the year 84,842 39,994 (9,140) 6,433 Equalisation (Debit) / Credit 2(e) 7,466 1,076 (11,262) (16,952)Transfer from retained surplus 4,487 5,594 - - Income distribution on capital account (4,487) (5,594) - - Transfer (To) From Unrealised appreciation reserve

(46,701) (27,382) 12,440 (897)

Surplus / (Deficit) transferred to the balance sheet 4 45,607 13,688 (7,962) (11,416)














98





to March 31, 2015

April 01, 2013 to

March 31, 2014

INCOMEDividend 2(d) - - Interest 2(d) & 8 258 312 Profit on sale/redemption of investments, net 2(d) 92 - Load income 272 572 Gain / (Loss) on foreign exchange, net 20,831 26,951 Refund - Scheme Expenses 68 58 Change in net unrealised gain in value of Investments 16,592 34,302

Total 38,113 62,195

EXPENSES AND LOSSESLoss on sale/redemption of investments, net - 19,627 Management fee 9 2,588 2,868 Service tax on Management fees 320 354 Trusteeship fee 9 35 66 Custodian service charges 48 44 Registrar service charges 148 302 Commission to distributors 1,687 1,748 Audit fee 137 116 Investor Protection Fund Expense 45 53 Other operating expenses 696 306

5,704 25,484 Less: Expenses reimbursed / to be reimbursed by AMC (336) (118)

Total 5,368 25,366

Surplus / (Deficit) for the year 32,745 36,829 Equalisation (Debit) / Credit 2(e) (5,902) (3,172)Transfer from retained surplus - - Income distribution on capital account - - Transfer (To) From Unrealised appreciation reserve (16,592) (34,302)

Surplus / (Deficit) transferred to the balance sheet 4 10,251 (645)














99


1. BACKGROUNDMirae Asset Global Investments Company Limited is the sponsor of Mirae Asset Mutual Fund (‘The Fund’).In accordance with SEBI (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations’), the Board of Directors of Mirae Asset Trustee Company Private Limited (‘the Trustee’) has appointed Mirae Asset Global Investments (India) Private Limited (‘the AMC’) to manage the Fund’s affairs and operate its schemes.

Scheme Name

Type of Scheme

Investment objective of the scheme NFO OpenNFO Close

Options


Open ended equity scheme

The investment objective of the Scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities and equity related securities.

February 11, 2008

toMarch 10,

2008

Direct Plan - Growth option Direct Plan - Dividend option Regular - Growth optionRegular - Dividend



The Investment objective of the scheme is to generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs. 100 Crores at the time of investment.

May 24,2010

toJune 22,

2010


Mirae Asset India China Consumption Fund


The investment objective of the Scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are likely to benefit either directly or indirectly from consumption led demand in India / China.

March 09, 2011

toMarch 23,

2011




The investment objective of the Scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are engaged in commodity and commodities related sectors/sub sectors/industries, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets.

June 24,2008

toJuly 23,

2008




The investment objective of the Scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of domestic mutual funds, in order to meet liquidity requirements from time to time.

September 14, 2009

toOctober 09,

2009


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe financial statements are prepared on the accrual basis of accounting, under the historical cost convention, as modified for investments, which are ‘marked-to-market’. The significant accounting policies, which are in accordance with the SEBI Regulations and have been approved by the Board of Directors of the AMC and the Trustee, are stated below.

(a) Determination of net asset value - The net asset value of the units of the Scheme is determined separately for the units issued under the options. - For reporting the net asset values within the portfolio, the Scheme’s daily income earned, including realised profit or loss and unrealised gain

or loss in the value of investments, and expenses accrued, are allocated to the related plans in proportion to their respective daily net assets arrived at by multiplying day end outstanding units to previous day’s closing net asset value.

(b) Unit capital - Unit capital represents the net outstanding units at the balance sheet date, thereby reflecting all transactions relating to the period ended on

that date. - Upon issue and redemption of units, the net premium or discount to the face value of units is adjusted against the unit premium reserve of each

option, after an appropriate portion of the issue proceeds and redemption payouts is credited/debited to the equalisation account, a mandatory requirement for open ended mutual fund schemes.

(c) Investments Accounting for investment transactions - Purchase and sale of investments are recorded on the date of the transaction, at cost and sale price respectively, after considering brokerage,

commission, CCIL charges and fees payable or receivable, if any. - Right entitlements are recognised as investments on the ex-rights date. - Bonus entitlements are recognised as investments on the ex-bonus date. Valuation of investments - All investments are valued based on the principles of fair valuation and have been valued in good faith in a true and fair manner - CBLO is valued at cost plus interest till date - The investments in domestic equity shares which have traded during a period of thirty days (prior to the balance sheet date) are stated at the

closing prices on the balance sheet date or the last trading day before the balance sheet date, as may be applicable, on The National Stock Exchange of India Limited (principal stock exchange). When on a particular valuation day, a security has not been traded on the principal stock exchange, the value at which it is traded on The Bombay Stock Exchange Limited is used.

100

- Investments in units of foreign mutual funds are valued at the closing traded NAV on the valuation date. - Investments in fixed income & money market securities (other than central government securities) are valued as follows: TRADED (QUOTED)

All Quoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average script level valuation prices provided by CRISIL & ICRA for individual securities.Quoted debt & money market instruments (other than Government Securities) which are not traded on any stock exchange on the valuation day are considered as non-traded securities.

NON TRADED - INVESTMENT GRADE

All non-government debt securities and money market (not covered under TRADED security) up to 60 days to maturity, are valued on the basis of amortized cost based on purchase price or last traded market price, which includes discount / premium accrued on a straight line basis over the period to maturity as long as the valuation is within a ±0.10% band of the price derived as per the reference yields provided by the Rating Agencies (CRISIL and ICRA). In case the amortized value is outside the above band, the YTM of the security is adjusted to bring the price within the ±0.10% band.All Unquoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average script level valuation prices provided by CRISIL & ICRA for individual securities .

- NON INVESTMENT GRADEAll non-investment grade / non performing debt securities are valued based on the provisioning norms laid down by SEBI.

- The net unrealized appreciation / depreciation in the value of investment is determined separately for each category of investments. The unrealized gain/loss, between two balance sheet dates is recognized in the revenue account and net unrealized gain, if any , is appropriated to unrealized appreciation reserve

(d) Revenue recognition - Dividend income is recognised on the ex-dividend date. - Interest income is recognised on an accrual basis. - Profit or loss on sale/redemption of investments is determined on the basis of the weighted average cost method.

(e) Equalisation account - When units are issued or redeemed, the distributable surplus (excluding unit premium reserve, but including balance of distributable surplus at

the beginning of the year) as on the date of the transaction is determined. Based on the number of units outstanding on the transaction date, the distributable surplus (excluding unit premium reserve, but including balance of distributable surplus at the beginning of the year) associated with each unit is computed. The per unit amount so determined is credited / debited to the equalisation account on issue / redemption of each unit respectively.

The balance in equalisation account is transferred to revenue account at the year-end without affecting the net income of the Scheme.

(f) Load - The exit load charged, if any, would be credited to the scheme.

(g) Cash and cash equivalent - Cash and cash equivalent includes balance with banks in current accounts, deposits placed with scheduled banks (with an original maturity of

upto three months) and collateralised lending (including reverse purchase transactions).

101


MIRAE ASSET MUTUAL FUNDSCHEDULES TO THE FINANCIAL STATEMENTS FOR

THE YEAR/PERIOD ENDED 31 MARCH 2015

3. Unit Capital Mirae Asset India Opportunities Fund**

31 March ,2015 31 March ,2014

Quantity Amount

(Rs. in 000's) Quantity Amount

(Rs. in 000's)

Growth Option

Outstanding, beginning of year 11,19,32,396.860 1119324 9,97,32,413.712 997324

Issued

-new fund offer - - - -

-during the year 12,42,14,626.190 1242146 4,69,83,560.740 469836

Redeemed during the year (2,89,32,500.302) (2,89,325) (3,47,83,577.592) (3,47,836)

Outstanding, end of year 20,72,14,522.748 2072145 11,19,32,396.860 1119324

Dividend Option


Issued


-during the year 7,28,73,644.558 728736 5,92,17,378.958 592173



Direct Plan - Growth option

Outstanding, beginning of year 68,88,126.061 68881 3,63,219.009 3632

Issued


-during the year 1,08,22,606.148 108227 66,83,241.297 66832

Redeemed during the year (7,23,452.006) (7,235) (1,58,334.245) (1,583)

Outstanding, end of year 1,69,87,280.203 169873 68,88,126.061 68881

Direct Plan - Dividend option

Outstanding, beginning of year 11,77,841.942 11778 23,133.737 231

Issued


-during the year 9,30,673.805 9307 11,63,311.087 11633

Redeemed during the year (3,60,547.598) (3,605) (8,602.882) (86)

Outstanding, end of year 17,47,968.149 17480 11,77,841.942 11778

Total


Issued


-during the year 20,88,41,550.701 2088416 11,40,47,492.082 1140475



102



Mirae Asset Emerging Bluechip Fund**

31 March, 2015 31 March, 2014

Quantity Amount


(Rs. in 000's)

Growth Option


Issued


-during the year 11,37,85,748.208 1137857 3,23,81,939.666 323819



Dividend Option


Issued


-during the year 3,55,50,013.850 355500 1,91,70,014.418 191700





Issued


-during the year 94,14,891.596 94149 42,93,689.649 42937


Outstanding, end of year 1,31,07,836.467 131078 46,99,673.013 46997



Issued


-during the year 11,94,850.311 11948 1,61,930.861 1620

Redeemed during the year (60,043.000) (600) (3,700.318) (37)


Total


Issued


-during the year 15,99,45,503.965 1599455 5,60,07,574.594 560076



103


MIRAE ASSET MUTUAL FUNDSCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD

ENDED 31 MARCH 2015

Mirae Asset India-China Consumption Fund**

31 March, 2015 31 March, 2014

Quantity Amount


(Rs. in 000's)

Growth Option 93,95,200.820 93952 82,67,520.792 82675

Outstanding, beginning of year

Issued - - - -

-new fund offer 50,15,211.123 50152 40,25,733.093 40258

-during the year (25,26,210.682) (25,262) (28,98,053.065) (28,981)

Redeemed during the year 1,18,84,201.261 118842 93,95,200.820 93952

Outstanding, end of year

Dividend Option 39,86,311.467 39863 58,06,828.014 58068


Issued - - - -

-new fund offer 7,03,995.482 7040 5,54,300.704 5543

-during the year (23,92,162.674) (23,922) (23,74,817.251) (23,748)

Redeemed during the year 22,98,144.275 22981 39,86,311.467 39863


Direct Plan - Growth option 2,37,098.827 2371 33,010.200 330


Issued - - - -

-new fund offer 6,35,654.054 6356 2,33,694.947 2337

-during the year (42,037.184) (420) (29,606.320) (296)

Redeemed during the year 8,30,715.697 8307 2,37,098.827 2371


Direct Plan - Dividend option 8,740.465 88 2,849.695 29


Issued - - - -

-new fund offer 25,767.503 257 5,890.770 59

-during the year (2,423.713) (24) - -

Redeemed during the year 32,084.255 321 8,740.465 88


Total


Issued - - - -

-new fund offer 63,80,628.162 63806 48,19,619.514 48196

-during the year (49,62,834.253) (49,628) (53,02,476.636) (53,025)

Redeemed during the year 1,50,45,145.488 150452 1,36,27,351.579 136273

Outstanding, end of year 13,627,351.579 136,273 14,110,208.701 141,102

104



Mirae Asset Global Commodity Stocks Fund**

31 March, 2015 31 March, 2014

Quantity Amount


(Rs. in 000's)

Growth Option

Outstanding, beginning of year 80,35,648.478 80357 1,10,19,639.567 110197

Issued


-during the year 8,28,819.240 8288 9,12,887.549 9129



Dividend Option


Issued


-during the year 3,77,737.294 3777 1,49,776.453 1498





Issued


-during the year 1,63,854.854 1639 81,569.359 816




Outstanding, beginning of year 10,606.544 106 3,939.696 39

Issued


-during the year 6,662.857 66 11,777.508 118


Outstanding, end of year 14,247.049 142 10,606.544 106

Total


Issued


-during the year 13,77,074.245 13771 11,56,010.869 11560


Outstanding, end of year 83,38,898.944 83390 1,09,70,991.458 109711

105




Mirae Asset China Advantage Fund**

31 March, 2015 31 March, 2014

Quantity Amount


(Rs. in 000's)

Growth Option


Issued


-during the year 11,88,359.535 11884 50,12,628.210 50126

Redeemed during the year (62,49,359.938) (62,494) (1,20,35,075.160) (1,20,351)


Dividend Option


Issued


-during the year 2,07,928.873 2079 6,59,839.125 6598





Issued


-during the year 8,15,163.284 8152 7,93,785.996 7938




Outstanding, beginning of year 11,980.496 120 3,935.639 39

Issued


-during the year 9,095.547 91 8,044.857 81

Redeemed during the year (4,303.583) (43) - -

Outstanding, end of year 16,772.460 168 11,980.496 120

Total


Issued


-during the year 22,20,547.239 22206 64,74,298.188 64743

Redeemed during the year (97,78,558.257) (97,786) (1,41,49,165.447) (1,41,492)


106



**Note: Details of large holdings (over 25% of the NAV of the Scheme):

Name of the Scheme 31 March, 2015 31 March, 2014

No. of Investors % Holding No. of Investors % Holding

Mirae Asset India Opportunities Fund Nil 0.00% Nil 0.00%

Mirae Asset Emerging Bluechip Fund Nil 0.00% Nil 0.00%

Mirae Asset India China Consumption Fund Nil 0.00% Nil 0.00%

Mirae Asset Global Commodity Stocks Fund Nil 0.00% Nil 0.00%

Mirae Asset China Advantage Fund Nil 0.00% Nil 0.00%

107





4. RESERVES AND SURPLUS Mirae Asset

India Opportunities Fund Mirae Asset

Emerging Bluechip Fund

31 March, 2015 31 March, 2014 31 March, 2015 31 March, 2014

Unit premium reserve

Balance, beginning of year (1,61,284) (2,90,955) 1,82,956 50,305

Net premium on issue / redemption of units 23,54,267 2,80,269 13,80,017 1,62,848

Transferred to/(from) equalisation account (11,45,702) (1,50,599) (2,19,996) (30,197)

Balance, end of year/period 10,47,281 (1,61,284) 13,42,977 1,82,956

Unrealised appreciation reserve

Balance, beginning of year/period 8,23,871 2,29,023 4,64,448 72,350

Unrealised appreciation in value of investments 14,23,096 5,94,848 14,24,096 3,92,098

Balance, end of year/period 22,46,967 8,23,871 18,88,544 4,64,448

Retained surplus

Balance, beginning of year/period 11,65,425 9,61,061 1,82,068 1,01,722

Transfer to revenue account (2,44,925) (1,22,093) (1,80,799) (94,550)

Surplus transferred from revenue account 20,62,580 3,26,457 11,23,729 1,74,896

Balance, end of year/period 29,83,080 11,65,425 11,24,998 1,82,068

Total reserves and surplus 62,77,328 18,28,011 43,56,519 8,29,471

The share of the options in the reserves and surplus is as follows:

Growth option 46,47,298 13,49,850 28,75,089 4,19,672

Dividend option 12,11,266 3,85,352 11,97,339 3,74,015

Direct Plan - Growth option 3,93,094 84,988 2,61,339 34,744

Direct Plan - Dividend option 25,670 7,821 22,752 1,040

108




RESERVES AND SURPLUS Mirae Asset

India-China Consumption Fund Mirae Asset

Global Commodity Stocks Fund



Balance, beginning of year 1,519 (109) (30,923) (40,133)

Net premium on issue / redemption of units 29,716 2,704 (7,175) (7,742)

Transferred to/(from) equalisation account (7,466) (1,076) 11,262 16,952

Balance, end of year/period 23,769 1,519 (26,836) (30,923)


Balance, beginning of year/period 36,174 8,792 12,440 11,543

Unrealised appreciation in value of investments 46,701 27,382 (12,440) 897

Balance, end of year/period 82,875 36,174 - 12,440

Retained surplus

Balance, beginning of year/period 24,926 16,832 40,294 51,710

Transfer to revenue account (4,487) (5,594) - -

Surplus transferred from revenue account 45,607 13,688 (7,962) (11,416)

Balance, end of year/period 66,046 24,926 32,332 40,294

Total reserves and surplus 1,72,690 62,618 5,496 21,811


Growth option 1,46,977 50,839 3,888 15,968

Dividend option 14,559 10,399 1,405 5,583

Direct Plan - Growth option 10,741 1,331 192 238

Direct Plan - Dividend option 414 49 11 22

109




(All amounts in thousands of Rupees)RESERVES AND SURPLUS Mirae Asset China Advantage Fund

31 March, 205 31 March, 2014


Balance, beginning of year 19,139 19,805

Net premium on issue / redemption of units (26,902) (3,839)

Transferred to/(from) equalisation account 5,902 3,172

Balance, end of year/period (1,861) 19,139


Balance, beginning of year/period 40,738 6,436

Unrealised appreciation in value of investments 16,592 34,302

Balance, end of year/period 57,330 40,738

Retained surplus

Balance, beginning of year/period 667 1,312

Transfer to revenue account - -

Surplus transferred from revenue account 10,251 (645)

Balance, end of year/period 10,918 667

Total reserves and surplus 66,387 60,543


Growth option 53,023 45,495

Dividend option 6,949 10,743

Direct Plan - Growth option 6,324 4,268

Direct Plan - Dividend option 90 37

110




(All amounts in thousands of Rupees) Mirae Asset




5. CURRENT LIABILITIES

Amount due to AMC for management fee 9,592 4,113 6,825 2,267

- Others - - - -

Sundry creditors for units redeemed by investors 3,969 8,955 6,542 3,084

Contract for purchase of investments 23,729 27,642 5,836 24,552

Units pending allotment - - - -

Commission payable to distributors 10,509 11,724 3,566 3,525

Custodian Fees Payable 124 47 85 27

Load Pending Utilisation - #0 - -

Other current liabilities 8,016 2,578 5,108 1,272

55,939 55,059 27,962 34,727




CURRENT LIABILITIES

Amount due to AMC for management fee 301 205 85 141

- Others - - - -

Sundry creditors for units redeemed by investors 54 233 143 1,173

Contract for purchase of investments - - 0 0

Units pending allotment - - - -

Commission payable to distributors 377 257 410 440

Custodian Fees Payable 60 3 39 67

Load Pending Utilisation - - - 49

Other current liabilities 341 576 233 3,291

1,133 1,274 910 5,161


31 March, 2015 31 March, 2014

CURRENT LIABILITIES

Amount due to AMC for management fee 234 172

- Others - -

Sundry creditors for units redeemed by investors 1,193 1,463

Contract for purchase of investments - -

Units pending allotment - -

Commission payable to distributors 214 364

Custodian Fees Payable 21 -

Load Pending Utilisation - -

Other current liabilities 2,159 915

3,821 2,914

# Amount less than Rupees 0.5 thousand.

111



(All amounts in thousands of Rupees)Mirae Asset




6. INVESTMENTS

Domestic equity shares 98,62,919 39,89,636 68,19,937 21,65,410

Preference Shares - 4,465 - 2,640

International equity shares - - - -

American Depository Receipt

Mutual fund units - 25,340 - -

International mutual fund units - - - -

98,62,919 40,19,441 68,19,937 21,68,050




INVESTMENTS

Domestic equity shares 2,44,183 1,41,847 27,941 42,522

Preference Shares - 300 - -

International equity shares 56,878 49,715 60,242 86,852

American Depository Receipt 19,639 -

Mutual fund units - - - -

International mutual fund units - - - -

3,20,700 1,91,862 88,183 1,29,374


31 March, 2015 31 March, 2014

INVESTMENTSDomestic equity shares - -

Preference Shares - -

International equity shares - -


Mutual fund units - -

International mutual fund units 1,95,490 2,61,776

1,95,490 2,61,776

(i) All the investments are held in the name of the Scheme, as per clause 7 of SeventhSchedule under Regulation 44(1) of SEBI (Mutual Funds) Regulations, 1996

(ii) The aggregate value of investments acquired and sold/redeemed during the year and these amounts as a percentage of average daily net assets are as follows:

112








Equity shares - Domestic

- appreciation 23,49,038 8,56,202 19,36,734 4,83,595

- depreciation 1,02,072 37,133 48,190 21,788

Equity shares - International

- appreciation - - - -

- depreciation - - - -

Preference Shares

- appreciation - 4,465 - 2,640


Mutual Fund Units

- appreciation - 336 - -





International mutual fund units



14,23,096 8,23,869 14,24,096 4,64,447

113




India China Consumption Fund Mirae Asset




- appreciation 71,574 28,241 2,077 3,779

- depreciation 597 288 2,674 2,611


- appreciation 12,135 10,167 6,293 13,718

- depreciation 548 2,245 7,208 2,446

Preference Shares

- appreciation - 300 - -


Mutual Fund Units




- appreciation 2,487 - - -

- depreciation 2,176 - - -




46,701 36,174 (13,952) 12,440.34

114



(All amounts in thousands of Rupees) Mirae Asset China Advantage Fund

31 March, 2015 31 March, 2014


- appreciation - -

- depreciation - -


- appreciation - -

- depreciation - -

Preference Shares

- appreciation - -

- depreciation - -

Mutual Fund Units

- appreciation - -

- depreciation - -


- appreciation - -

- depreciation - -


- appreciation 57,330 40,738

- depreciation - -

16,592 40,738

(iii) The aggregate value of investments acquired and sold/redeemed during the year and these amounts as a percentage of average daily net assets are as follows:



April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014

April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014Purchases (excluding collateralised lending and fixed deposits)

- amount 73,38,487 18,53,071 60,42,227 16,06,227

- as a percentage of average daily net assets 104.42% 60.15% 120.15% 100.94%

Sales / Redemptions (excluding collateralised lending and fixed deposits)

- amount 39,16,796 13,68,202 37,78,632 12,96,794


115




India China Consumption Fund Mirae Asset


April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014

April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014

Purchases (excluding collateralised lending and fixed deposits)

- amount 2,43,224 1,19,648 19,006 12,726



- amount 2,02,279 1,29,786 50,777 64,927



April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014


- amount 5,533 37,395

- as a percentage of average daily net assets 2.44% 14.24%


- amount 1,10,692 1,27,645


(i) The details of investments by a company in excess of 5% of the net assets of a scheme and investment made by the scheme or by any other scheme for the current year in that company and the market value as at 31st March 2015 as per the disclosure requirement under Regulation 25(11) or the SEBI Regulations are disclosed in Annexure I to the financial statements.

(ii) Outstanding investments in the Sponsor company and its group companies as at the balance sheet date is Nil (Previous year Nil).(iii) The Schemes have not entered into any derivative transactions during the current and previous year.

116







7. OTHER CURRENT ASSETS

Balances with banks in current accounts 21,391 13,262 16,415 6,781

Sundry debtors for units issued to investors

- Lateral shift receivable 15,033 63,357 17,996 25,090

- Others - - - -

Contracts for sale of investments 76,796 3,890 45,104 44,933

Margin deposit with Clearing Corporation of India Limited 2,915 2,672 2,177 1,430

Interscheme receivable - - - -

Outstanding and accrued income - 1,346 965 126

Amount due from AMC 9,840 8,786 2,872 1,996

Collateralised lending 1,02,489 1,12,123 63,751 93,525

Other current assets 267 656 915 981

2,28,731 2,06,092 1,50,195 1,74,862




OTHER CURRENT ASSETS

Balances with banks in current accounts 236 263 329 4,044


- Lateral shift receivable 218 431 124 223

- Others - - - -

Contracts for sale of investments - 1,499 - 1,697

Margin deposit with Clearing Corporation of India Limited 96 145 30 108

Interscheme receivable - - - -

Outstanding and accrued income - 2 160 408

Amount due from AMC 220 75 82 183

Collateralised lending 2,799 5,857 887 625

Other current assets 6 31 1 20

3,575 8,303 1,613 7,308

117




China Advantage Fund

31 March, 2015 31 March, 2014

OTHER CURRENT ASSETS

Balances with banks in current accounts 230 40


- Lateral shift receivable 195 911

- Others - -

Contracts for sale of investments 2,024 -

Margin deposit with Clearing Corporation of India Limited 65 223

Interscheme receivable - -

Outstanding and accrued income - -

Amount due from AMC 80 84

Collateralised lending 1,096 4,810

Other current assets 0 164

3,690 6,232

118






April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

8. INTEREST

Debentures and bonds - - - -

Deposits 165 211 253 94

Collateralised lending 10,322 5,876 9,575 3,817

10,487 6,087 9,828 3,911



April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

INTEREST

Debentures and bonds - - - -

Deposits 2 5 1 3

Collateralised lending 523 418 112 121

525 423 113 124



April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

INTEREST

Debentures and bonds - -

Deposits 3 5

Collateralised lending 255 307

258 312

119



9. MANAGEMENT AND TRUSTEESHIP FEE The Scheme pays fees for investment management services (excluding service tax) under an agreement with the AMC, which provides for computation

of such fee as a percentage of the Scheme’s average daily net assets, after excluding the net asset value of the investments by the AMC in the scheme and net asset value of investment made in other schemes, if any.


India Opportunities FundMirae Asset


April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

Management fee at annualised average rate 1.25% 1.25% 1.25% 1.27%



April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

Management fee at annualised average rate 1.24% 1.25% 1.24% 1.25%


April 01, 2013to

March 31, 2014

April 01, 2012to

March 31, 2013

Management fee at annualised average rate 1.14% 1.09%

The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme’s average daily net assets, subject to a minimum of Rs.5 lakhs per annum. The Trustee company has waived off the Trusteeship fees for Scheme- Mirae Asset FMP Series I-368 Days of Mirae Asset Mutual Fund.(Previous year: The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme’s average daily net assets, subject to a minimum of Rs.5 lakhs per annum for all schemes. The Trustee company has waived off the Trusteeship fees from 6th, January 2014 to 31st, March 2014 for all the schemes of Mirae Asset Mutual Fund).

120



10. INCOME AND EXPENDITURE The total income and expenditure and these amounts as a percentage of the scheme’s average daily net assets on an annualised basis are provided below:




April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

Income (Includes refund - scheme expenses , excluding net gain in unrealised gain in value of Investments)

- amount 10,89,253 2,57,940 10,31,255 1,88,498


Expenditure (excluding provision for net unrealised loss in value of investments, realised loss on sale of investments, realised loss on inter-scheme transfer/sale of investments)

- amount 1,72,375 82,082 1,27,522 43,799




April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

Income (Includes refund - scheme expenses )

- amount 44,951 17,693 8,071 13,018



- amount 6,810 5,081 3,259 4,428



April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

Income (Includes refund - scheme expenses )

- amount 21,521 27,893



- amount 5,368 5,739


121



11. UNHEDGED FOREIGN CURRENCY EXPOSUREMirae Asset


Emerging Bluechip FundForeign currency exposure that has not been hedged by derivative instruments NA NA NA NA

UNHEDGED FOREIGN CURRENCY EXPOSUREMirae Asset

India China Consumption FundMirae Asset

Global Commodity Stocks FundForeign currency exposure that has not been hedged by derivative instruments 76,517 49,715 60,824 92,859

UNHEDGED FOREIGN CURRENCY EXPOSUREMirae Asset


Foreign currency exposure that has not been hedged by derivative instruments 1,97,514 2,61,776

12. TRANSACTIONS COVERED BY REGULATION 25(8) OF THE SEBI REGULATION WITH THE SPONSOR OR ASSOCIATE OF THE SPONSOR

ParticularsMirae Asset




Commission paid for procuring unit capital

Satco Capital Markets Limited 24.83 0.32 2.55 -

Brokerage on securities transactions

Mirae Asset Securities (HK) Ltd. - - - -


India China Consumption FundMirae Asset




Satco Capital Markets Limited - -


Mirae Asset Securities (HK) Ltd. 111.56 68.23 15.94 25.72



31 March, 2015 31 March, 2014


Satco Capital Markets Limited - -


Mirae Asset Securities (HK) Ltd. - -


122



13. NET ASSET VALUE

OptionsMirae Asset




Regular - Growth 32.4270 22.0600 29.2440 17.1640

Regular - Dividend 18.0810 13.3730 22.6370 14.4310

Direct - Dividend 24.6850 16.6400 27.3520 15.8950

Direct - Growth 33.1400 22.3390 29.9380 17.3960

OptionsMirae Asset

India-China Consumption FundMirae Asset



Regular - Growth 22.3670 15.4020 10.6540 11.9800

Regular - Dividend 16.3350 12.6040 10.6540 11.9800

Direct - Dividend 22.8970 15.6040 10.7830 12.0590

Direct - Growth 22.9290 15.6040 10.8290 12.0590

OptionsMirae Asset


31 March, 2015 31 March, 2014

Regular - Growth 15.1190 12.9500

Regular - Dividend 15.1190 12.9500

Direct - Dividend 15.3540 13.0490

Direct - Growth 15.3700 13.0490The net asset value of the Scheme’s unit is determined separately for units issued under the options after including the respective unit capital and reserves and surplus.

14. CONTINGENT LIABILITIESAt March 31 2015 - Nil (March 31 2014 - Nil).

15. PREVIOUS YEAR'S COMPARATIVESFigures for the previous years have been regrouped / reclassified, wherever necessary to confirm to current years presentations.

16. SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION (REFER ANNEXURE II)








Sd/-Neelesh Surana Head - Equity



123


Annexure I

Disclosure under Regulation 25 (11) of SEBI (Mutual Fund) Regulations, 1996Investments made by the schemes of Mirae Asset Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme

Name of the Company Scheme Invested by the Company

Investments made by the Schemes of MIRAE Asset Mutual Fund in the

Company or its subsidiary

Aggregate cost of acquisition

(Rupees in '000)

Outstanding as on March 31,

20145(Rupees in '000)

Emami Ltd Mirae Asset Fmp Series I - 368 Days

Mirae Asset Emerging Blue Chip Fund 1,02,411.60 1,18,264.75

Mirae Asset India China Consumption Fund 6,329.87 7,809.36

Mirae Asset India Opportunities Fund 1,11,643.24 1,18,820.41

Hindalco Industries Ltd * Mirae Asset Cash Management Fund


- 1,548.00

Note: The above said investments were made to optimize return and high liquidity. The investments have been made purely on fundamental consideration after carrying out proper due diligence & research.* The Shares had been acquired during the previous financial year and not in the current financial year

124


Annexure II (1)MIRAE ASSET INDIA OPPORTUNITIES FUND

SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION

Details of investment portfolio and industrywise classification of the Scheme’s investments in each category of investments at 31 March, 2015 are presented below. The industry and company exposures are stated as a percentage of the Scheme’s net assets as at 31 March, 2015, as well as the aggregate investments in each investment category

Industry and Company Particulars* Quantity Amt. (Rupees in '000)

Percentage to Net Assets

Percentage to Investment category (%)

EQUITY SHARES

Auto 9,01,788 8,54,937 8.53% 8.66%

Eicher Motors Ltd 1,988 31,625 0.32% 0.32%

Hero MotoCorp Ltd 1,05,900 2,79,555 2.79% 2.83%

Maruti Suzuki India Ltd 83,350 3,08,174 3.07% 3.12%

Tata Motors Ltd 7,10,550 2,35,583 2.35% 2.39%

Auto Ancillaries 10,55,178 3,21,683 3.21% 3.26%

Amara Raja Batteries Ltd 2,04,678 1,70,507 1.70% 1.73%

Exide Industries Ltd 8,50,500 1,51,176 1.51% 1.53%

Banks 55,54,466 24,26,309 24.18% 24.62%

Axis Bank Ltd 4,30,500 2,41,166 2.40% 2.45%

Bank of Baroda 3,500 572 0.01% 0.01%

HDFC Bank Ltd 6,60,500 6,75,493 6.73% 6.85%

ICICI Bank Ltd 20,62,500 6,50,719 6.48% 6.60%

Indusind Bank Ltd 3,44,100 3,04,873 3.04% 3.09%

State Bank of India 11,44,350 3,05,599 3.05% 3.10%

The Federal Bank Ltd 7,22,016 95,342 0.95% 0.97%

Yes Bank Ltd 1,87,000 1,52,545 1.52% 1.55%

Cement 16,22,852 2,96,079 2.95% 3.01%

JK Cement Ltd 2,34,750 1,56,367 1.56% 1.59%

Prism CEMENT Ltd 13,88,102 1,39,712 1.39% 1.42%

Chemicals 4,14,368 1,98,848 1.98% 2.02%

Tata Chemicals Ltd 2,27,000 1,00,686 1.00% 1.02%

Vinati Organics Ltd 1,87,368 98,162 0.98% 1.00%

Construction Project 8,68,469 6,01,191 5.99% 6.10%

Larsen & Toubro Ltd 2,48,750 4,27,763 4.26% 4.34%

Voltas Ltd 6,19,719 1,73,428 1.73% 1.76%

Consumer Durables 2,61,413 1,17,781 1.17% 1.19%

HSIL Ltd 2,61,213 1,17,703 1.17% 1.19%

Titan Company Limited 200 78 0.00% 0.00%

125

MIRAE ASSET MUTUAL FUNDAnnexure II (1)

MIRAE ASSET INDIA OPPORTUNITIES FUND

Industry and Company Particulars* Quantity Amt.

(Rupees in '000) Percentage to

Net Assets


Consumer Non Durables 14,08,777 7,91,290 7.89% 8.02%

Asian Paints Ltd 2,66,600 2,16,293 2.16% 2.19%

Colgate Palmolive (India) Ltd 69,329 1,39,649 1.39% 1.42%

Emami Ltd 1,18,678 1,18,820 1.18% 1.20%

Godfrey Phillips India Ltd 58,670 24,729 0.25% 0.25%

ITC Ltd 8,95,500 2,91,799 2.91% 2.96%

Ferrous Metals 2,05,400 65,060 0.65% 0.66%

Tata Steel Ltd 2,05,400 65,060 0.65% 0.66%

Finance 3,59,864 4,85,376 4.83% 4.93%

Housing Development Finance Corporation Ltd 2,34,275 3,08,236 3.07% 3.13%

Multi Commodity Exchange of India Ltd 34,000 38,163 0.38% 0.39%

Sundaram Finance Ltd 91,589 1,38,977 1.38% 1.41%

Industrial Capital Goods 4,06,000 67,396 0.67% 0.68%

Crompton Greaves Ltd 4,06,000 67,396 0.67% 0.68%

Industrial Products 5,65,354 1,86,312 1.85% 1.89%

Bharat Forge Ltd 72,500 92,571 0.92% 0.94%

Carborundum Universal Ltd 4,92,854 93,741 0.93% 0.95%

Media & Entertainment 7,51,479 1,68,618 1.68% 1.71%

HT Media Ltd 5,14,879 64,076 0.64% 0.65%

Sun TV Network Ltd 2,36,600 1,04,542 1.04% 1.06%

Minerals/Mining 2,56,000 92,902 0.93% 0.94%

Coal India Ltd 2,56,000 92,902 0.93% 0.94%

Oil 92,096 28,214 0.28% 0.29%

Oil & Natural Gas Corporation Ltd 92,096 28,214 0.28% 0.29%

Petroleum Products 9,49,350 5,54,176 5.52% 5.62%

Gulf Oil Corporation Ltd 2,32,200 34,273 0.34% 0.35%

Hindustan Petroleum Corporation Ltd 4,11,250 2,67,230 2.66% 2.71%

Reliance Industries Ltd 3,05,900 2,52,673 2.52% 2.56%

Pharmaceuticals 9,33,181 10,61,824 10.59% 10.77%

Divi's Laboratories Ltd 1,04,556 1,86,679 1.86% 1.89%

Glenmark Pharmaceuticals Ltd 1,76,900 1,39,070 1.39% 1.41%

IPCA Laboratories Ltd 2,01,300 1,27,997 1.28% 1.30%

Lupin Ltd 84,720 1,70,152 1.70% 1.73%

Natco Pharma Ltd 58,505 1,23,384 1.23% 1.25%

Sun Pharmaceuticals Industries Ltd 3,07,200 3,14,542 3.13% 3.19%

126





Net Assets


Power 87,350 52,746 0.53% 0.53%

CESC Ltd 87,350 52,746 0.53% 0.53%

Software 8,13,587 11,39,237 11.36% 11.55%

HCL Technologies Ltd 2,14,000 2,09,806 2.09% 2.13%

Info Edge (India) Ltd 82,381 69,192 0.69% 0.70%

Infosys Ltd 1,70,906 3,79,129 3.78% 3.84%

Tata Consultancy Services Ltd 1,36,700 3,49,125 3.48% 3.54%

Tech Mahindra Ltd 2,09,600 1,31,985 1.32% 1.34%

Telecom - Services 4,35,291 1,71,200 1.71% 1.74%

Bharti Airtel Ltd 4,35,291 1,71,200 1.71% 1.74%

Transportation 4,42,289 1,81,737 1.81% 1.84%

Gateway Distriparks Ltd 4,42,289 1,81,737 1.81% 1.84%

Total 1,83,84,552 98,62,919 98.28% 100.03%

OTHER CURRENT ASSETS 2,28,731 2.28%

TOTAL ASSETS 1,00,91,650 100.56%

LESS: CURRENT LIABILITIES 55,939 0.56%

NET ASSETS 1,00,35,711 100.00%

* Industry classification has been done on the basis of industry information provided by AMFI

127


Annexure II (2)MIRAE ASSET EMERGING BLUE CHIP FUND


Details of investment portfolio and industrywise classification of the Scheme’s investments in each category of investments at 31 March 2015 are presented below. The industry and company exposures are stated as a percentage of the Scheme’s net assets as at 31 March 2015, as well as the aggregate investments in each investment category.



Net Assets


EQUITY SHARES

Auto 69,233 1,92,692 2.78% 2.83%

Eicher Motors Ltd 7,246 1,15,270 1.66% 1.69%

VST Tillers Tractors Ltd 61,987 77,422 1.12% 1.14%

Auto Ancillaries 9,84,211 2,81,546 4.05% 4.13%

Amara Raja Batteries Ltd 1,62,678 1,35,519 1.95% 1.99%

Exide Industries Ltd 8,21,533 1,46,027 2.10% 2.14%

Banks 31,60,736 11,25,894 16.20% 16.51%

ICICI Bank Ltd 7,97,500 2,51,611 3.62% 3.69%

Indian Bank 4,62,077 80,147 1.15% 1.18%

ING Vysya Bank Ltd 2,40,377 2,24,885 3.24% 3.30%

Karur Vysya Bank Ltd 3,05,187 1,65,991 2.39% 2.43%

The Federal Bank Ltd 10,27,595 1,35,694 1.95% 1.99%

Yes Bank Ltd 3,28,000 2,67,566 3.85% 3.92%

Cement 15,02,097 2,75,860 3.98% 4.04%

JK Cement Ltd 2,20,487 1,46,866 2.12% 2.15%

Prism CEMENT Ltd 12,81,610 1,28,994 1.86% 1.89%

Chemicals 9,09,069 6,04,516 8.71% 8.87%

Atul Ltd 1,02,380 1,15,894 1.67% 1.70%

Pidilite Industries Ltd 2,39,541 1,43,689 2.07% 2.11%

Solar Industries India Ltd 25,064 85,282 1.23% 1.25%

Tata Chemicals Ltd 3,03,000 1,34,396 1.94% 1.97%

Vinati Organics Ltd 2,39,084 1,25,256 1.80% 1.84%

Construction 2,39,124 36,395 0.52% 0.53%

Gayatri Projects Ltd 2,39,124 36,395 0.52% 0.53%

Construction Project 5,36,000 1,50,000 2.16% 2.20%

Voltas Ltd 5,36,000 1,50,000 2.16% 2.20%

Consumer Durables 3,13,304 1,41,141 2.03% 2.07%

HSIL Ltd 3,12,739 1,40,920 2.03% 2.07%

Titan Company Limited 565 221 0.00% 0.00%

128


MIRAE ASSET EMERGING BLUE CHIP FUND



Net Assets


Consumer Non Durables 6,37,979 7,36,488 10.61% 10.80%

Akzo Nobel India Ltd 85,166 1,19,301 1.72% 1.75%

Asian Paints Ltd 1,68,600 1,36,785 1.97% 2.01%

Britannia Industries Ltd 53,890 1,16,324 1.68% 1.71%

Colgate Palmolive (India) Ltd 35,925 72,364 1.04% 1.06%

Emami Ltd 1,18,123 1,18,265 1.70% 1.73%

Gillette India Ltd 22,733 1,08,731 1.57% 1.59%

Godfrey Phillips India Ltd 1,53,542 64,718 0.93% 0.95%

Fertilisers 3,04,000 81,609 1.18% 1.20%

Coromandel International Ltd 3,04,000 81,609 1.18% 1.20%

Finance 6,87,257 5,79,165 8.33% 8.49%

Bajaj Finance Ltd 15,720 64,585 0.93% 0.95%

Dewan Housing Finance Corporation Ltd 2,57,500 1,20,420 1.73% 1.77%

LIC Housing Finance Ltd 2,01,803 88,309 1.27% 1.29%

Multi Commodity Exchange of India Ltd 41,000 46,021 0.66% 0.67%

Sundaram Finance Ltd 1,71,234 2,59,830 3.74% 3.81%

Gas 3,96,939 67,908 0.98% 1.00%

Gujarat State Petronet Ltd 3,939 489 0.01% 0.01%

Petronet LNG Ltd 3,93,000 67,419 0.97% 0.99%

Industrial Capital Goods 11,40,904 2,49,282 3.59% 3.66%

Crompton Greaves Ltd 4,18,027 69,392 1.00% 1.02%

Thermax Ltd 69,301 74,059 1.07% 1.09%

Titagarh Wagons Ltd 47,000 27,067 0.39% 0.40%

Triveni Turbine Ltd 6,06,576 78,764 1.13% 1.15%

Industrial Products 8,03,600 4,48,279 6.46% 6.58%

Bharat Forge Ltd 97,500 1,24,493 1.79% 1.83%

Carborundum Universal Ltd 6,58,527 1,25,252 1.80% 1.84%

FAG Bearings India Ltd 47,573 1,98,534 2.86% 2.91%

Media & Entertainment 8,36,274 1,91,486 2.76% 2.80%

HT Media Ltd 5,60,874 69,801 1.01% 1.02%

Sun TV Network Ltd 2,75,400 1,21,685 1.75% 1.78%

129


MIRAE ASSET EMERGING BLUE CHIP FUND



Net Assets


Oil 1,500 682 0.01% 0.01%

Oil India Ltd 1,500 682 0.01% 0.01%

Gulf Oil Corporation Ltd 1,04,230 15,384 0.22% 0.23%

Gulf Oil Lubricants India Ltd 2,08,994 1,06,619 1.54% 1.56%

Hindustan Petroleum Corporation Ltd 3,41,588 2,21,964 3.20% 3.25%

Pharmaceuticals 7,31,432 7,76,971 11.19% 11.40%

Divi's Laboratories Ltd 84,017 1,50,008 2.16% 2.20%

Glenmark Pharmaceuticals Ltd 1,86,310 1,46,468 2.11% 2.15%

IPCA Laboratories Ltd 2,68,786 1,70,908 2.46% 2.51%

Natco Pharma Ltd 91,300 1,92,547 2.77% 2.82%

Torrent Pharmaceuticals Ltd 1,01,019 1,17,040 1.69% 1.72%

Power 89,024 53,757 0.77% 0.79%

CESC Ltd 89,024 53,757 0.77% 0.79%

Software 4,04,822 2,76,855 3.99% 4.06%

Eclerx Services Ltd 34,999 55,493 0.80% 0.81%


NIIT Technologies Ltd 1,01,803 35,560 0.51% 0.52%

Tech Mahindra Ltd 1,87,000 1,17,753 1.70% 1.73%

Transportation 4,99,984 2,05,443 2.96% 3.01%

Gateway Distriparks Ltd 4,99,984 2,05,443 2.96% 3.01%

Total 1,49,02,301 68,19,937 98.24% 100.02%

OTHER CURRENT ASSETS 1,50,195 2.16%

TOTAL ASSETS 69,70,132 100.40%


NET ASSETS 69,42,169 100.00%


130



SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION Details of investment portfolio and industrywise classification of the Scheme’s investments in each category of investments at 31 March 2014 are presented below. The industry and company exposures are stated as a percentage of the Scheme’s net assets as at 31 March 2014, as well as the aggregate investments in each investment category.Industry and Company Particulars Quantity Amt.


Net Assets Percentage

to Investment category (%)

DOMESTIC EQUITY SHARES *

Auto 37,482 28,816 8.92% 11.80%

Hero MotoCorp Ltd 3,382 8,928 2.76% 3.66%

Maruti Suzuki India Ltd 2,550 9,428 2.92% 3.86%

Tata Motors Ltd 31,550 10,460 3.24% 4.28%

Auto Ancillaries 9,185 7,652 2.37% 3.13%

Amara Raja Batteries Ltd 9,185 7,652 2.37% 3.13%

Banks 1,18,600 59,578 18.44% 24.40%

HDFC Bank Ltd 22,500 23,011 7.12% 9.42%

ICICI Bank Ltd 60,250 19,009 5.88% 7.78%

Indusind Bank Ltd 12,900 11,429 3.54% 4.68%

State Bank of India 22,950 6,129 1.90% 2.51%

Cement 58,874 11,156 3.45% 4.57%

JK Cement Ltd 9,250 6,161 1.91% 2.52%

Prism CEMENT Ltd 49,624 4,995 1.55% 2.05%

Chemicals 9,800 5,879 1.82% 2.41%

Pidilite Industries Ltd 9,800 5,879 1.82% 2.41%

Consumer Durables 22,659 9,747 3.02% 3.99%

HSIL Ltd 14,809 6,673 2.07% 2.73%

Titan Company Limited 7,850 3,074 0.95% 1.26%

Consumer Non Durables 61,746 69,423 21.48% 28.43%

Asian Paints Ltd 10,950 8,884 2.75% 3.64%

Britannia Industries Ltd 4,696 10,137 3.14% 4.15%

Colgate Palmolive (India) Ltd 4,900 9,870 3.05% 4.04%

Emami Ltd 7,800 7,809 2.42% 3.20%

Gillette India Ltd 1,300 6,218 1.92% 2.55%

Glaxosmithkline Consumer Healthcare Ltd 1,300 8,190 2.53% 3.35%

ITC Ltd 29,600 9,645 2.98% 3.95%

Procter & Gamble Hygiene and Health Care Ltd 1,200 8,670 2.68% 3.55%

Finance 18,000 15,202 4.70% 6.23%

Dewan Housing Finance Corporation Ltd 10,000 4,676 1.45% 1.92%

Housing Development Finance Corporation Ltd 8,000 10,526 3.26% 4.31%

131



Annexure II (3) Quantity Amt.


Net Assets


Media & Entertainment 11,000 4,860 1.50% 1.99%

Sun TV Network Ltd 11,000 4,860 1.50% 1.99%

Petroleum Products 15,383 9,118 2.82% 3.73%

Gulf Oil Lubricants India Ltd 6,283 3,205 0.99% 1.31%

Hindustan Petroleum Corporation Ltd 9,100 5,913 1.83% 2.42%

Pharmaceuticals 8,350 5,309 1.64% 2.17%

IPCA Laboratories Ltd 8,350 5,309 1.64% 2.17%

Software 5,051 4,242 1.31% 1.74%


Telecom - Services 10,078 3,964 1.23% 1.62%

Bharti Airtel Ltd 10,078 3,964 1.23% 1.62%

Transportation 22,479 9,237 2.86% 3.78%

Gateway Distriparks Ltd 22,479 9,237 2.86% 3.78%

Total 4,08,687 2,44,183 75.57% 100.00%

AMERICAN DEPOSITORY RECEIPT @@

Internet Software & Services 1,500 10,651 3.30% 54.23%

ALIBABA GROUP HOLDING ADR 1,150 6,039 1.87% 30.75%

Baidu Sp ADR-A 350 4,612 1.43% 23.48%

Miscellaneous 5,000 8,988 2.78% 45.77%

Vipshop Holding Ltd 5,000 8,988 2.78% 45.77%

Total 6,500 19,639 6.08% 100.00%

INTERNATIONAL EQUITY SHARES @@

Apparel, Accessories and Luxury Goods 40,800 8,860 2.74% 15.58%

Samsonite International S A 40,800 8,860 2.74% 15.58%

Automobile Manufacturers 58,000 6,982 2.16% 12.28%

Brilliance China Automotive Holdings Ltd 58,000 6,982 2.16% 12.28%

Computer Hardware 78,000 7,115 2.20% 12.51%

Lenovo Group Ltd 78,000 7,115 2.20% 12.51%

Internet Software & Services 10,800 12,810 3.96% 22.52%

Tencent Holdings 10,800 12,810 3.96% 22.52%

132



Annexure II (3) Quantity Amt.


Net Assets


Life & Health Insurance 32,200 16,597 5.14% 29.18%

AIA GROUP LTD 21,200 8,336 2.58% 14.66%

Ping An Ins Grp-H 11,000 8,261 2.56% 14.52%

Pharmaceuticals 1,27,000 4,513 1.40% 7.93%

Sihuan Pharmaceutical Holdings Group Ord Shs 1,27,000 4,513 1.40% 7.93%

Total 3,46,800 56,878 17.60% 100.00%

Grand Total 3,20,700 99.24%

DEPOSITS

OTHER CURRENT ASSETS 3,575 1.11%

TOTAL ASSETS 3,24,275 100.35%


NET ASSETS 3,23,142 100.00%


@@ Industry Classification has been done on the basis of GICS Sub-Industry Classification

133



SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION Details of investment portfolio and industrywise classification of the Scheme’s investments in each category of investments at 31 March 2015 are presented below. The industry and company exposures are stated as a percentage of the Scheme’s net assets as at 31 March 2015, as well as the aggregate investments in each investment category.

Industry and Company Particulars Quantity Amt.


Net Assets


DOMESTIC EQUITY SHARES *

Minerals/Mining 9,500 3,448 3.88% 12.34%

Coal India Ltd 9,500 3,448 3.88% 12.34%

Non - Ferrous Metals 31,000 5,149 5.79% 18.43%

Hindalco Industries Ltd 12,000 1,548 1.74% 5.54%

Sesa Sterlite Ltd 19,000 3,601 4.05% 12.89%

Oil 32,500 9,717 10.93% 34.78%

Cairn India Ltd 5,000 1,069 1.20% 3.83%

Oil & Natural Gas Corporation Ltd 26,000 7,965 8.96% 28.51%

Oil India Ltd 1,500 683 0.77% 2.44%

Petroleum Products 11,700 9,628 10.83% 34.46%

Bharat Petroleum Corporation Ltd 2,400 1,946 2.19% 6.96%

Reliance Industries Ltd 9,300 7,682 8.64% 27.49%

Total 84,700 27,941 31.43% 100.00%

INTERNATIONAL EQUITY SHARES @@

Coal & Consumable Fuels 16,000 2,553 2.87% 4.24%

China Shenhua - H 16,000 2,553 2.87% 4.24%

Commodity Chemicals 2,148 3,220 3.62% 5.35%

LG Chemicals Ltd 100 1,272 1.43% 2.11%

Orica Ltd 2,048 1,948 2.19% 3.23%

Construction Materials 45,000 4,428 4.98% 7.35%

Anhui Conch -H- 9,000 2,129 2.39% 3.53%

China National Building Materia Ltd 16,000 995 1.12% 1.65%

PT Semen Indonesia ( Persero) TBK 20,000 1,304 1.47% 2.16%

Diversified Metals & Mining 19,300 14,153 15.92% 23.49%

BHP Billiton Ltd 5,700 8,407 9.46% 13.95%

Jiangxi Copper Company Ltd 12,000 1,394 1.57% 2.31%

Rio Tinto Ltd 1,600 4,352 4.90% 7.22%

134




Industry and Company Particulars Quantity Amt.


Net Assets


Integrated Oil & Gas 2,12,560 14,579 16.40% 24.20%

China Petroleum -H- 1,16,000 5,767 6.49% 9.57%

Origin Energy Ltd 4,560 2,451 2.76% 4.07%

Petrochina Company Ltd 92,000 6,361 7.16% 10.56%

Oil & Gas Exploration & Production 97,685 14,211 15.99% 23.59%

Cnooc Ltd 63,000 5,564 6.26% 9.24%

Kunlun Energy Company Ltd 22,000 1,335 1.50% 2.22%

Oil Search Ltd 5,043 1,726 1.94% 2.86%

Santos Ltd-AUD 5,342 1,813 2.04% 3.01%

Woodside Petroleum Ltd 2,300 3,773 4.25% 6.26%

Oil & Gas Refining & Marketing 200 1,074 1.21% 1.78%

SK Innovation Co Ltd 200 1,074 1.21% 1.78%

Paper Packaging 9,501 3,734 4.20% 6.20%

AMCOR LIMITED 4,842 3,231 3.64% 5.36%

Orora Ltd 4,659 503 0.57% 0.83%

Steel 2,800 2,290 2.58% 3.80%

Dongkuk Steel Mill Co Ltd 2,700 914 1.03% 1.52%

POSCO (Pohang Iron & Steel Co Ltd ) 100 1,376 1.55% 2.28%

Total 4,05,194 60,242 67.77% 100.00%

Grand Total 88,182 99.21%

DEPOSITS


TOTAL ASSETS 89,795 101.02%

LESS: CURRENT LIABILITIES 910 1.02%

NET ASSETS 88,885 100.00%


@@ Industry Classification has been done on the basis of GICS Sub-Industry Classification

135




Quantity Industry and Company Particulars Quantity Amt.

(Rupees in '000)


Percentage to Investment category

(%)

INTERNATIONAL MUTUAL FUND UNITS

Mirae Asset China Sector Leader Equity Fund - USD Class X 2,84,713 1,95,490 100.07% 100.00%

Total 2,84,713 1,95,490 100.07% 100.00%

Grand Total 1,95,490 100.07%

DEPOSITS


TOTAL ASSETS 1,99,180 101.96%


NET ASSETS 1,95,359 100.00%

136




Mirae Asset Cash Management Fund

31 March, 2015 31 March, 2014

Schedule

SOURCES OF FUNDS

Unit capital 2(b) & 3 5,23,389 1,65,325Reserves and surplus 2(b) & 4 1,93,571 39,916Current liabilities 5 486 2,121

7,17,446 2,07,362


Investments 2(c) & 6 6,89,647 1,80,163Other current assets 7 27,199 27,199

7,17,446 2,07,362














137




Cash Managemennt Fund April 01, 2014

to March 31, 2015

April 01, 2013 to

March 31, 2014

Schedule

INCOMEInterest 2(d) & 8 41,512 16,962 Profit on sale/redemption of investments, net 117 4 Profit on inter-scheme transfer/sale of investments, net 26 - Change in net unrealised gain in value of Investments 36 18

Total 41,691 16,984

EXPENSES AND LOSSESLoss on inter-scheme transfer/sale of investments, net - 1 Management fee 9 - 23 Service Tax On Management Fees - 3 Trusteeship fee 9 58 47 Custodian service charges 38 7 Registrar service charges 224 220 Commission to distributors 915 267 Audit fee 68 47 Investor Protection Fund Expense 98 39 Other operating expenses 283 248

1,684 902 Less: Expenses reimbursed / to be reimbursed by AMC (519) (490)

Total 1,165 412

Surplus for the year 40,526 16,572 Equalisation (Debit) / Credit 2(e) 1,26,042 20,861 Transfer from Retained Earning 13,041 5,011 Income distribution on capital account (9,648) (3,893)Tax on distributed income (3,393) (1,118)Transfer (To) From Unrealised appreciation reserve (36) (18)

Surplus / (Deficit) transferred to the balance sheet 4 1,66,532 37,415

# Amount less than Rupees 0.5 thousand The accompanying schedules are an integral part of this balance sheet.As per our report of even date.













138



ENDED 31 MARCH 2015

1. BACKGROUNDMirae Asset Global Investments Company Limited is the sponsor of Mirae Asset Mutual Fund (‘The Fund’).In accordance with SEBI (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations’), the Board of Directors of Mirae Asset Trustee Company Private Limited (‘the Trustee’) has appointed Mirae Asset Global Investments (India) Private Limited (‘the AMC’) to manage the Fund’s affairs and operate its schemes.

Scheme Name Type of Scheme Investment objective of the schemeNFO OpenNFO Close

Options

Mirae Asset Cash Management Fund

Open ended Liquid Scheme

The investment objective of the Scheme is to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.

January 05, 2009to

January 06, 2009

Direct Plan - Growth option Direct Plan - Daily Dividend option Direct Plan - Weekly Dividend option Direct Plan - Monthly Dividend optionRegular - Growth optionRegular - Daily Dividend Regular - Weekly Dividend Regular - Monthly Dividend

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe financial statements are prepared on the accrual basis of accounting, under the historical cost convention, as modified for investments, which are ‘marked-to-market’. The significant accounting policies, which are in accordance with the SEBI Regulations and have been approved by the Board of Directors of the AMC and the Trustee, are stated below.

(a) Determination of net asset value - The net asset value of the units of the Scheme is determined separately for the units issued under the options. - For reporting the net asset values within the portfolio, the Scheme’s daily income earned, including realised profit or loss and unrealised gain or

loss in the value of investments, and expenses accrued, are allocated to the related options in proportion to their respective daily net assets arrived at by multiplying day end outstanding units to previous day’s closing net asset value.

(b) Unit capital - Unit capital represents the net outstanding units at the balance sheet date, thereby reflecting all transactions relating to the period ended on that

date. - Upon issue and redemption of units, the net premium or discount to the face value of units is adjusted against the unit premium reserve of each

option, after an appropriate portion of the issue proceeds and redemption payouts is credited/debited to the equalisation account, a mandatory requirement for open ended mutual fund schemes.

(c) Investments

Accounting for investment transactions - Purchase and sale of investments are recorded on the date of the transaction, at cost and sale price respectively, after considering brokerage,

commission, CCIL charges and fees payable or receivable, if any.

Valuation of investments - All investments are valued based on the principles of fair valuation and have been valued in good faith in a true and fair manner - CBLO is valued at cost plus interest till date - Investments in fixed income & money market securities (other than central government securities) are valued as follows:

TRADED (QUOTED)All Quoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average script level valuation prices provided by CRISIL & ICRA for individual securities.Quoted debt & money market instruments (other than Government Securities) which are not traded on any stock exchange on the valuation day are considered as non-traded securities.

139



ENDED 31 MARCH 2015

NON TRADED

- INVESTMENT GRADEAll non-government debt securities and money market (not covered under TRADED security) up to 60 days to maturity, are valued on the basis of amortized cost based on purchase price or last traded market price, which includes discount / premium accrued on a straight line basis over the period to maturity as long as the valuation is within a ±0.10% band of the price derived as per the reference yields provided by the Rating Agencies (CRISIL and ICRA). In case the amortized value is outside the above band, the YTM of the security is adjusted to bring the price within the ±0.10% band.All Unquoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average script level valuation prices provided by CRISIL & ICRA for individual securities .

- NON INVESTMENT GRADEAll non-investment grade / non performing debt securities are valued based on the provisioning norms laid down by SEBI.The net unrealized appreciation / depreciation in the value of investment is determined separately for each category of investments.

The unrealized gain/loss, between two balance sheet dates is recognized in the revenue account and net unrealized gain, if any, is appropriated to unrealized appreciation reserve

(d) Revenue recognition - Interest income is recognised on an accrual basis. - Profit or loss on sale/redemption of investments is determined on the basis of the weighted average cost method.

(e) Equalisation account - When units are issued or redeemed, the distributable surplus (excluding unit premium reserve, but including balance of distributable surplus at


The balance in equalisation account is transferred to revenue account at the year-end without affecting the net income of the Scheme.

(f) Cash and Cash equivalent Cash and cash equivalent includes balance with banks in current accounts, deposits placed with scheduled banks (with an original maturity of upto

three months) and collateralised lending (including reverse purchase transactions).

140




Mirae Asset Cash Management Fund**

March 31, 2015 March 31, 2014

Quantity Amount


(Rs. in 000's)

3. Unit CapitalRegular - Growth Outstanding, beginning of year 64,102.450 64103 18,897.823 18898Issued-during the year 5,64,706.098 564706 1,92,688.649 192689Redeemed during the year (4,31,884.999) (4,31,885) (1,47,484.022) (1,47,484)Outstanding, end of year 1,96,923.549 196924 64,102.450 64103

Regular - Daily Dividend Outstanding, beginning of year 24,859.151 24859 4,388.817 4389Issued-during the year 2,46,818.164 246818 68,856.281 68856Redeemed during the year (2,18,198.199) (2,18,198) (48,385.947) (48,386)Outstanding, end of year 53,479.116 53479 24,859.151 24859

Regular - Weekly Dividend Outstanding, beginning of year 24,635.471 24636 14,027.651 14028Issued-during the year 1,34,198.340 134198 39,972.119 39972Redeemed during the year (1,23,667.836) (1,23,668) (29,364.299) (29,364)Outstanding, end of year 35,165.975 35166 24,635.471 24636

Regular - Monthly Dividend Outstanding, beginning of year 7,894.538 7895 2,035.418 2036Issued-during the year 13,351.600 13352 53,651.163 53651Redeemed during the year (15,292.379) (15,292) (47,792.043) (47,792)Outstanding, end of year 5,953.759 5955 7,894.538 7895

Direct Plan - Growth optionOutstanding, beginning of year 26,684.456 26684 1,034.073 1,034Issued-during the year 12,08,482.085 1208482 3,29,494.348 329494Redeemed during the year (10,55,321.251) (10,55,321) (3,03,843.965) (3,03,844)Outstanding, end of year 1,79,845.290 179845 26,684.456 26684

Direct Plan - Daily Dividend optionOutstanding, beginning of year 15,725.963 15726 829.683 830Issued-during the year 6,63,166.312 663166 50,274.398 50274Redeemed during the year (6,27,768.868) (6,27,769) (35,378.118) (35,378)Outstanding, end of year 51,123.407 51123 15,725.963 15726

Direct Plan - Weekly Dividend optionOutstanding, beginning of year 1,421.869 1422 39.790 40Issued-during the year 7,070.102 7070 3,678.586 3679Redeemed during the year (7,594.623) (7,595) (2,296.507) (2,297)

Outstanding, end of year 897.348 897 1,421.869 1422

141




Mirae Asset Cash Management Fund**

March 31, 2015 March 31, 2014

Quantity Amount


(Rs. in 000's)

Direct Plan - Monthly Dividend optionOutstanding, beginning of year - - 4.421 4Issued during the year - - - 0Redeemed during the year - - (4.421) (4)Outstanding, end of year - - - -

TotalOutstanding, beginning of year 1,65,323.898 165325 41,257.676 41259Issued-during the year 28,37,792.701 2837792 7,38,615.544 738615Redeemed during the year (24,79,728.155) (24,79,728) (6,14,549.322) (6,14,549)



Name of the Scheme 31st March, 20145 31st March, 2014


Mirae Asset Cash Management Fund NIL NIL NIL NIL

142


MIRAE ASSET MUTUAL FUNDSCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015


Cash Management Fund

31 March, 2015 31 March, 2014

4. RESERVES AND SURPLUS

Unit premium reserveBalance, beginning of year 31 9 Net premium on issue / redemption of units 1,26,170 20,883 Transferred to equalisation account (1,26,042) (20,861)

Balance, end of year 159 31

Unrealised appreciation reserveBalance, beginning of year 18 - Unrealised appreciation in value of investments 36 18

Balance, end of year 54 18

Retained surplusBalance, beginning of year 39,867 7,463 Transfer to revenue account (13,041) (5,011)Surplus transferred from revenue account 1,66,532 37,415 Balance, end of year 1,93,358 39,867

Total reserves and surplus 1,93,571 39,916

The share of the options in the reserves and surplus is as follows: Regular - Growth 94,046 23,127 Regular - Daily Dividend 3,045 1,327 Regular - Weekly Dividend 5,060 3,429 Regular - Monthly Dividend 857 1,102 Direct Plan - Growth option 87,014 9,688 Direct Plan - Daily Dividend option 3,372 979 Direct Plan - Weekly Dividend option 176 264 Direct Plan - Monthly Dividend option

1,93,570 39,916

5. CURRENT LIABILITIESUnits pending allotment - 1740Commission payable to distributors 279 252 Dividend tax payable 43 47 Custodian Fees Payable 5 1 Other current liabilities 159 81

486 2,121


143





31 March, 2015 31 March, 2014

6. INVESTMENTSCertificates of deposit 6,89,647 1,80,163

6,89,647 1,80,163

(i) All the investments are held in the name of the Scheme, as per clause 7 of Seventh Schedule under Regulations 44(1) of SEBI (Mutual Funds) Regulations, 1996.

(ii)The aggregate value of investments acquired and sold/redeemed during the year and these amounts as a percentage of average daily net assets are as follows:

Mirae Asset Cash Managemennt Fund

April 01, 2014 to

March 31, 2015

April 01, 2013 to

March 31, 2014


- amount 53,70,874 14,19,072



- amount 48,97,975 12,46,497


(iii)The details of investments by a company in excess of 5% of the net assets of a scheme and investment made by the scheme or by any other scheme for the current year in that company and the market value as at 31st March 2015 as per the disclosure requirement under Regulation 25(11) or the SEBI Regulations are disclosed in Annexure I to the financial statements

(iv)Outstanding investments in the Sponsor company and its Group companies as at 31 March 2015 is Nil (Previous Year: Nil).

144





31 March, 2015 31 March, 2014

7. OTHER CURRENT ASSETSBalances with banks in current accounts 4 1,750 Sundry debtors for units issued to investors - - -Lateral shift receivable - - -Others Sundry debtors for units issued to investors -Others 40 230 Margin deposit with Clearing Corporation of India Limited 207 195 Other current assets 256 #0 Amount due from AMC 440 428 Collateralised lending 26,852 24,596

27,799 27,199

# Amount less than Rupees 0.5 thousand.Mirae Asset Cash Managemennt Fund

April 01, 2014to

March 31, 2015

April 01, 2013to

March 31, 2014

8. INTERESTDeposits 4 3 Collateralised lending Interest on Collateralised lending 5,102 9,392 Money market instruments Interest Money market instruments 36,406 7,567

41,512 16,962


9. MANAGEMENT AND TRUSTEESHIP FEEThe Scheme pays fees for investment management services (excluding service tax) under an agreement with the AMC, which provides for computation of such fee as a percentage of the Scheme’s average daily net assets, after excluding the net asset value of the investments by the AMC in the scheme and net asset value of investment made in other schemes, if any.

Mirae Asset Cash Managemennt FundApril 01, 2014

toMarch 31, 2015

April 01, 2013to

March 31, 2014

Management fee at annualised average rate 0.00% 0.01%

The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme's average daily net assets, subject to a minimum of Rs.5 lakhs per annum. The Trustee company has waived off the Trusteeship fees for Scheme- Mirae Asset FMP Series I-368 Days of Mirae Asset Mutual Fund.(Previous year: The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme's average daily net assets, subject to a minimum of Rs.5 lakhs per annum for all schemes. The Trustee company has waived off the Trusteeship fees from 6th, January 2014 to 31st, March 2014 for all the schemes of Mirae Asset Mutual Fund).

145



10. INCOME AND EXPENDITUREThe total income and expenditure and these amounts as a percentage of the Scheme’s average daily net assets are provided below:

Mirae Asset Cash Managemennt FundApril 01, 2014

toMarch 31, 2015

April 01, 2013to

March 31, 2014

Income (Excluding net gain in unrealised gain in value of Investments)

- amount 41,655 16,966



- amount 1,165 411


11. TRANSACTIONS COVERED BY REGULATION 25(8) OF THE SEBI REGULATION WITH THE SPONSOR OR ASSOCIATE OF THE SPONSOR DURING THE CURRENT YEAR IS NIL (PREVIOUS YEAR NIL).

146



12. NET ASSET VALUE

Options Mirae Asset Cash Managemennt Fund

31 March ,2015 31 March ,2014

Regular - Growth 1477.5816 1360.7768

Regular - Daily Dividend 1056.9340 1053.3973

Regular - Weekly Dividend 1143.8779 1139.1950

Regular - Monthly Dividend 1143.9672 1139.5707

Direct Plan - Direct Daily Dividend 1065.9672 1062.2784

Direct Plan - Direct Growth 1483.8273 1363.0838

Direct Plan - Direct Weekly Dividend 1195.6297 1185.5775

The net asset value of the Scheme’s unit is determined separately for units issued under the options after including the respective unit capital and reserves and surplus.

13. CONTINGENT LIABILITIES

At March 31 2015 - Nil (March 31 2014 - Nil).

14. PREVIOUS YEAR'S COMPARATIVES

Figures for the previous years have been regrouped / reclassified, wherever necessary to confirm to current years presentations.














147


MIRAE ASSET MUTUAL FUNDAnnexure I

Disclosure under Regulation 25 (11) of SEBI (Mutual Fund) Regulations, 1996Investments made by the schemes of Mirae Asset Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme


Investments made by the Schemes of MIRAE Asset Mutual Fund in the

Company or its subsidiary

Aggregate cost of acquisition (Rupees

in '000)


2015 (Rupees in '000)

Emami Ltd Mirae Asset Fmp Series I-368 Days

Mirae Asset Emerging Blue Chip Fund 1,02,411.60 1,18,264.75


6,329.87 7,809.36

Mirae Asset India Opportunities Fund 1,11,643.24 1,18,820.41



- 1,548.00

Note: The above said investments were made to optimize return and high liquidity. The investments have been made purely on fundamental consideration after carrying out proper due diligence & research.

MIRAE ASSET MUTUAL FUNDAnnexure II


Industry and Company Particulars Quantity Amt. (Rupees in '000)



CERTIFICATE OF DEPOSIT

Banks 69,50,000 6,89,647 96.19% 100.00%

Axis Bank Ltd 10,00,000 99,262 13.84% 14.39%

Bank of Baroda 5,00,000 49,763 6.94% 7.22%

Canara Bank 9,90,000 98,302 13.71% 14.25%

Corporation Bank 5,00,000 49,691 6.93% 7.21%

IDBI Bank Ltd 10,00,000 99,527 13.88% 14.43%


Oriental Bank of Commerce 15,00,000 1,48,673 20.74% 21.56%

State Bank of Hyderabad 5,00,000 49,374 6.89% 7.16%

Union Bank of India 9,00,000 89,095 12.43% 12.92%

Grand Total 69,50,000 6,89,647 96.19% 100.00%


TOTAL ASSETS 7,17,446 100.07%

LESS: CURRENT LIABILITIES 486 0.07%

NET ASSETS 7,16,960 100.00%

Note : Industry classification has been done on the basis of industry information provided by AMFI

148


MIRAE ASSET MUTUAL FUNDBALANCE SHEET AS AT 31 MARCH, 2015 / 23 FEBRUARY, 2015

(All amounts in thousands of Rupees) Mirae Asset Ultra Short Term

Bond Fund Mirae Asset Short Term Fund Mirae Asset FMP Series I-368

Days March 31,

2015March 31,

2014March 31,

2015March 31,

2014February 23,

2015March 31,

2014 Schedule

SOURCES OF FUNDS

Unit capital 2(b) & 3 2,41,302 1,97,297 36,321 1,48,609 2,01,280 2,01,280 Reserves and surplus 2(b) & 4 49,593 25,558 12,966 29,644 19,695 2,838 Current liabilities 5 1,713 13,877 1,165 721 110 37

2,92,608 2,36,732 50,452 1,78,974 2,21,085 2,04,155


Investments 2(C) & 6 1,95,613 1,70,217 50,017 1,74,286 - 2,04,119 Other current assets 7 96,995 66,515 435 4,688 2,21,085 36

2,92,608 2,36,732 50,452 1,78,974 2,21,085 2,04,155

The accompanying schedules are an integral part of this balance sheet.As per our report of even date. 0.14 0.16 0.53 0.79 (0.30)













149


MIRAE ASSET MUTUAL FUNDREVENUE ACCOUNT FOR THE YEAR / PERIOD ENDED 31 MARCH 2015 /23 FEBRUARY, 2015



Days 1 April ,2014

to 31 March

,2015

1 April ,2013 to

31 March ,2014

1 April ,2014 to

31 March ,2015

1 April ,2013 to

31 March ,2014

1 April ,2014 to

23 February ,2015

21 February ,2014

to 31 March

,2014 Schedule

INCOME

Interest 2(d) & 8 26,747 15,793 7,819 6,916 17,758 2,064

Load income - 24 88 59 - -

Profit on sale/redemption of investments, net

1,314 1 2,153 #0 36 #0

Profit on inter-scheme transfer/sale of investments, net

- #0 - #0 - -

Refund - Scheme Expenses - 22 240 - 4 -

Change in net unrealised gain in value of Investments

(76) 88 (218) 300 (785) 785

Total 27,985 15,928 10,082 7,275 17,013 2,849

EXPENSES AND LOSSES

Management fee 9 355 148 326 9 - -

Service tax on Management fees

44 18 40 1 - -

Loss on inter-scheme transfer/sale of investments, net

63 - 12 - - -

Trusteeship fee 9 44 42 17 14 - -

Custodian service charges 39 12 16 6 50 9

Registrar service charges 211 192 73 84 24 15

Commission to distributors 2,597 773 298 879 63 7

Audit fee 68 46 62 47 7 6

CBLO charges - 126 - 70 - 9

Investor protection fund expense

65 37 22 17 38 4

Other operating expenses 230 128 311 45 19 2

3,716 1,523 1,177 1,172 200 53

Less: Expenses reimbursed / to be reimbursed by AMC

(276) (224) - (355) (96) (41)

Total 3,440 1,299 1,177 817 104 11

150


MIRAE ASSET MUTUAL FUNDREVENUE ACCOUNT FOR THE YEAR / PERIOD ENDED 31 MARCH 2015 /23 FEBRUARY, 2015



Days 1 April ,2014

to 31 March

,2015

1 April ,2013 to

31 March ,2014

1 April ,2014 to

31 March ,2015

1 April ,2013 to

31 March ,2014

1 April ,2014 to

23 February ,2015

21 February ,2014

to 31 March

,2014

Surplus for the year/period 24,545 14,629 8,905 6,458 16,909 2,838

Equalisation (debit)/credit 2(e) (23,110) 1,89,863 (21,238) 24,146 - -

Transfer from retained surplus 6,014 8,389 2,057 2,407 51 -

Income distribution on capital account

(4,476) (6,455) (1,535) (1,868) (37) -

Tax on distributed income (1,538) (1,934) (522) (539) (14) -

Transfer (To) From Unrealised appreciation reserve

76 (88) 218 (300) 785 (785)

Surplus/(deficit) transferred to the balance sheet

4 1,511 2,04,405 (12,115) 30,304 17,693 2,053

# Amount less than Rupees 0.5 thousand

The accompanying schedules are an integral part of this revenue account.

As per our report of even date.













151


MIRAE ASSET MUTUAL FUND SCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD

ENDED 31 MARCH, 2015 /23 FEBRUARY, 2015

1 BACKGROUND

Mirae Asset Global Investments Company Limited is the sponsor of Mirae Asset Mutual Fund (‘the Fund’).In accordance with SEBI (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations’), the Board of Directors of Mirae Asset Trustee Company Private Limited (‘the Trustee’) has appointed Mirae Asset Global Investments (India) Private Limited (‘the AMC’) to manage the Fund’s affairs and operate its schemes.During the year, MIRAE ASSET FMP SERIES I-368 DAYS has been launched and the details are given below :

Scheme Name Type of Scheme

Investment objective of the scheme NFO OpenNFO Close

Options

Mirae Asset Ultra Short Term Bond Fund

Open ended debt scheme

The investment objective of the Scheme is to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments.

February 29, 2008

toMarch 03,

2008

Direct Plan - Quarterly option Direct GrowthDirect Monthly DividendDirect Weekly Dividend Institutional Growth option Institutional - Dividend Plan (Quarterly)Institutional Weekly DividendInstitutional Monthly DividendRegular Daily DividendRegular GrowthRegular Weekly DividendRegular Monthly

Mirae Asset Short Term Bond Fund

Open ended debt scheme

The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments

June 23, 2009

toJuly 22,

2009

Direct GrowthDirect Monthly DividendDirect Quarterly DividendDirect Weekly DividendRegular GrowthRegular Weekly DividendRegular Monthly DividendRegular Quarterly Dividend

MIRAE ASSET FMP SERIES I-368 DAYS

Close ended debt scheme

The investment objective of the Plans under the Scheme is to generate income through investments in Debt and Money Market Instruments maturing on or before the maturity date of the respective plan(s)

February 13, 2014

toFebruary 22,

2014

Direct GrowthDirect DividendRegular Growth

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements are prepared on the accrual basis of accounting, under the historical cost convention, as modified for investments, which are

‘marked-to-market’. The significant accounting policies, which are in accordance with the SEBI Regulations and have been approved by the Board of Directors of the AMC and the Trustee, are stated below.

(a) Determination of net asset value - The net asset value of the units of the Scheme is determined separately for the units issued under the options. - For reporting the net asset values within the portfolio, the Scheme’s daily income earned, including realised profit or loss and unrealised gain

or loss in the value of investments, and expenses accrued, are allocated to the related options in proportion to their respective daily net assets arrived at by multiplying day end outstanding units to previous day’s closing net asset value.

(b) Unit capital - Unit capital represents the net outstanding units at the balance sheet date, thereby reflecting all transactions relating to the period ended on

that date. - Upon issue and redemption of units, the net premium or discount to the face value of units is adjusted against the unit premium reserve of

each option, after an appropriate portion of the issue proceeds and redemption payouts is credited / debited to the equalisation account, a mandatory requirement for open ended mutual fund schemes.

(c) Investments Accounting for investment transactions - Purchase and sale of investments are recorded on the date of the transaction, at cost and sale price respectively, after considering brokerage,

commission, CCIL charges and fees payable or receivable, if any. Valuation of investments - All investments are valued based on the principles of fair valuation and have been valued in good faith in a true and fair manner - CBLO is valued at cost plus interest till date - Investments in fixed income & money market securities (other than central government securities) are valued as follows:

152


MIRAE ASSET MUTUAL FUND SCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD

ENDED 31 MARCH, 2015 /23 FEBRUARY, 2015

TRADED (QUOTED) All Quoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average

script level valuation prices provided by CRISIL & ICRA for individual securities . All Quoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average

script level valuation prices provided by CRISIL & ICRA for individual securities . Quoted debt & money market instruments (other than Government Securities) which are not traded on any stock exchange on the valuation

day are considered as non-traded securities. NON TRADED - INVESTMENT GRADE All non-government debt securities and money market (not covered under TRADED security) up to 60 days to maturity, are valued on the basis

of amortized cost based on purchase price or last traded market price, which includes discount / premium accrued on a straight line basis over the period to maturity as long as the valuation is within a ±0.10% band of the price derived as per the reference yields provided by the Rating Agencies (CRISIL and ICRA). In case the amortized value is outside the above band, the YTM of the security is adjusted to bring the price within the ±0.10% band.

All Unquoted Debt Investment and Money Market Securities with the residual maturity greater than 60 days, are considered at aggregated average script level valuation prices provided by CRISIL & ICRA for individual securities.

- NON INVESTMENT GRADE All non-investment grade / non performing debt securities are valued based on the provisioning norms laid down by SEBI. - The net unrealized appreciation / depreciation in the value of investment is determined separately for each category of investments. The

unrealized loss, if any, between two balance sheet dates is recognized in the revenue account and net unrealized gain, if any, is adjusted in unrealized appreciation reserve.

(d) Revenue recognition - Interest income is recognised on an accrual basis. - Profit or loss on sale/redemption of investments is determined on the basis of the weighted average cost method. (e) Equalisation account - When units are issued or redeemed, the distributable surplus (excluding unit premium reserve, but including balance of distributable surplus at


The balance in equalisation account is transferred to revenue account at the year-end without affecting the net income of the Scheme. (f) Load The exit load charged, if any, would be credited to the scheme. (g) Cash and cash equivalent Cash and cash equivalent includes balance with banks in current accounts, deposits placed with scheduled banks (with an original maturity of

upto three months) and collateralised lending (including reverse purchase transactions)

153



THE YEAR/PERIOD ENDED 31 MARCH, 2015 /23 FEBRUARY, 2015 Mirae Asset Ultra Short Term Bond Fund**

March 31, 2015 March 31, 2014 Quantity Amount Quantity Amount

(Rs. in 000's) (Rs. in 000's) 3. Unit Capital

Growth Option

Regular Quarterly Dividend OptionOutstanding, beginning of year - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -

Outstanding, end of period - - - -

Regular Plan - Growth optionOutstanding, beginning of year/period 1,792.654 1,793 2,973.672 2,974 Issued-new fund offer - - - - -during the year/period - - - Redeemed during the year/period (862.746) (863) (1,181.018) (1,181)

Outstanding, end of year/period 929.908 930 1,792.654 1,793

Regular Plan - Dividend optionOutstanding, beginning of year/period 4,278.084 4,278 5,495.765 5,496 Issued-new fund offer - - - - -during the year/period - - - Redeemed during the year/period (1,096.744) (1,097) (1,217.681) (1,218)

Outstanding, end of year/period 3,181.340 3,181 4,278.084 4,278

Regular Plan - Weekly Dividend optionOutstanding, beginning of year/period 296.981 297 1,745.676 1,746 Issued-new fund offer - - - - -during the year/period - - - Redeemed during the year/period (25.284) (25) (1,448.695) (1,449)

Outstanding, end of year/period 271.697 272 296.981 297

Regular Plan - Monthly Dividend optionOutstanding, beginning of year/period 214.289 214 771.238 771 Issued-new fund offer - - - - -during the year/period - - - Redeemed during the year/period (66.130) (66) (556.949) (557)


Institutional Plan - Growth optionOutstanding, beginning of year/period 1,17,214.646 1,17,215 54,277.235 54,277 Issued-new fund offer - - - - -during the year/period 4,82,780.111 4,82,780 2,37,012.668 2,37,013 Redeemed during the year/period (4,64,901.302) (4,64,901) (1,74,075.257) (1,74,075)

Outstanding, end of year/period 1,35,093.455 1,35,094 1,17,214.646 1,17,215

154





(Rs. in 000's) (Rs. in 000's)

Institutional Plan - Quarterly Dividend optionOutstanding, beginning of year/period 10,069.032 10,069 29,343.714 29,344 Issued-new fund offer - - - - -during the year/period 1,965.567 1,966 7,279.528 7,280 Redeemed during the year/period (6,952.714) (6,953) (26,554.210) (26,554)


Institutional Plan - Weekly Dividend optionOutstanding, beginning of year/period 29,456.220 29,456 802.401 802Issued-during the year/period 79,473.685 79,474 35,192.871 35193Redeemed during the year/period (95,397.453) (95,397) (6,539.052) (6,539)


Institutional Plan - Monthly Dividend optionOutstanding, beginning of year/period 6,257.264 6,257 5,438.643 5439Issued-new fund offer - - - - Issued during the year/period 30,214.904 30,215 19,522.390 19522Redeemed during the year/period (22,461.196) (22,461) (18,703.769) (18,704)


Institutional Plan - Daily Dividend optionOutstanding, beginning of year/period 13,316.283 13,316 - - Issued-new fund offer - - - - Issued during the year/period 1,55,997.558 1,55,998 80,295.634 80296Redeemed during the year/period (1,48,673.499) (1,48,673) (66,979.351) (66,979)


Direct Plan - Growth optionOutstanding, beginning of year/period 11,424.022 11,424 1,284.660 1285Issued-new fund offer - - - - -during the year/period 1,33,183.683 1,33,184 50,780.367 50780Redeemed during the year/period (98,190.725) (98,191) (40,641.005) (40,641)


Direct Plan - Daily Dividend optionOutstanding, beginning of year/period 152.117 152 - - Issued-new fund offer - - - - -during the year/period 2,399.724 2,400 4,343.045 4,343.000 Redeemed during the year/period (2,162.522) (2,163) (4,190.928) (4,191.000)


155





Direct Plan - Weekly Dividend optionOutstanding, beginning of year/period 88.219 88 9.829 10Issued-new fund offer - - - - -during the year/period 596.894 597 338.271 338 Redeemed during the year/period (262.751) (263) (259.881) (260)


Direct Plan - Monthly Dividend optionOutstanding, beginning of year/period 130.754 131 130.754 131 Issued during the year/period - - Redeemed during the year/period (130.754) (131) - -

Outstanding, end of year/period - - 130.754 131

Direct Plan - Quarterly Dividend optionOutstanding, beginning of year/period 2,606.566 2,607 2,39,337.160 239337Issued-new fund offer - - - - Issued during the year/period 217.628 218 13,684.076 13,684 Redeemed during the year/period (1,642.747) (1,643) (2,50,414.670) (2,50,415)


TotalOutstanding, beginning of year/period 1,97,297.131 1,97,297 3,41,610.747 3,41,611 Issued-new fund offer - - - - -during the year/period 8,86,829.754 8,86,832 4,48,448.850 4,48,449 Redeemed during the year/period (8,42,826.567) (8,42,827) (5,92,762.466) (5,92,763)

Outstanding, end of year/period 2,41,300.318 2,41,302 1,97,297.131 1,97,297

156



THE YEAR/PERIOD ENDED 31 MARCH, 2015 /23 FEBRUARY, 2015 Mirae Asset Short Term Fund**


(Rs. in 000's) (Rs. in 000's) 3. Unit Capital

Growth Option

Regular Quarterly Dividend OptionOutstanding, beginning of year 14,05,278.212 14,053 4,925.566 49 Issued-new fund offer - - - - -during the year/period 4,722.275 47 14,12,562.243 14,126 Redeemed during the year/period (5,78,623.733) (5,786) (12,209.597) (122)

Outstanding, end of period 8,31,376.754 8,314 14,05,278.212 14,053

Regular Plan - Growth optionOutstanding, beginning of year/period 66,07,145.162 66,072 8,95,806.276 8,959 Issued-new fund offer - - - - -during the year/period 15,68,659.511 15,687 85,28,217.701 85,282 Redeemed during the year/period (58,44,248.338) (58,442) (28,16,878.815) (28,169)

Outstanding, end of year/period 23,31,556.335 23,317 66,07,145.162 66,072

Regular Plan - Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - Redeemed during the year/period - -

Outstanding, end of year/period - - - -

Regular Plan - Weekly Dividend optionOutstanding, beginning of year/period 4,93,975.782 4,941 6,43,487.806 6,436 Issued-new fund offer - - - - -during the year/period 1,52,555.506 1,526 5,86,577.711 5,866 Redeemed during the year/period (6,04,450.389) (6,045) (7,36,089.735) (7,361)

Outstanding, end of year/period 42,080.899 422 4,93,975.782 4,941

Regular Plan - Monthly Dividend optionOutstanding, beginning of year/period 49,81,539.737 49,816 1,28,590.116 1,287 Issued-new fund offer - - - - -during the year/period 5,23,963.636 5,240 49,18,593.033 49,186 Redeemed during the year/period (52,71,135.524) (52,711) (65,643.412) (657)


Institutional Plan - Growth optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - Redeemed during the year/period - -


157





(Rs. in 000's) (Rs. in 000's)

Institutional Plan - Quarterly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - Redeemed during the year/period - -


Institutional Plan - Weekly Dividend optionOutstanding, beginning of year/period - - - - Issued-during the year/period - - Redeemed during the year/period - -


Institutional Plan - Monthly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - Issued during the year/period - - Redeemed during the year/period - -


Institutional Plan - Daily Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - Issued during the year/period - - Redeemed during the year/period - -


Direct Plan - Growth optionOutstanding, beginning of year/period 13,70,382.804 13,704 1,267.169 13.000 Issued-new fund offer - - - - -during the year/period 1,92,280.573 1,923 17,16,467.251 17,165 Redeemed during the year/period (13,70,562.104) (13,706) (3,47,351.616) (3,474)


Direct Plan - Daily Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - Redeemed during the year/period - -


158





(Rs. in 000's) (Rs. in 000's)

Direct Plan - Weekly Dividend optionOutstanding, beginning of year/period 2,077.121 21 492.509 5 Issued-new fund offer - - - - -during the year/period 18,973.947 190 4,435.660 45 Redeemed during the year/period (21,018.826) (210) (2,851.048) (29)

Outstanding, end of year/period 32.242 1 2,077.121 21

Direct Plan - Monthly Dividend optionOutstanding, beginning of year/period - - 492.199 5 Issued during the year/period - 9,173.072 92 Redeemed during the year/period - (9,665.271) (97)


Direct Plan - Quarterly Dividend optionOutstanding, beginning of year/period 430.141 4 430.141 4.000 Issued-new fund offer - - - - Issued during the year/period - - - Redeemed during the year/period - - -


TotalOutstanding, beginning of year/period 1,48,60,828.959 1,48,609 16,75,491.782 16,755Issued-new fund offer - - - - -during the year/period 24,61,155.448 24,612 1,71,76,026.671 1,71,761 Redeemed during the year/period

(1,36,90,038.914) (1,36,900) (39,90,689.494) (39,907)

Outstanding, end of year/period 36,31,945.493 36,321 1,48,60,828.959 1,48,609

159



THE YEAR/PERIOD ENDED 31 MARCH, 2015 /23 FEBRUARY, 2015Mirae Asset FMP Series I-368 Days**

February 23, 2015

March 31, 2014

Quantity Amount Quantity Amount (Rs. in 000's) (Rs. in 000's)

3. Unit Capital

Growth Option

Regular Quarterly Dividend OptionOutstanding, beginning of year - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -

Outstanding, end of period - - - -

Regular Plan - Growth optionOutstanding, beginning of year/period 18,04,570 18,046 - Issued-new fund offer 1804570.000 18046-during the year/period - - - - Redeemed during the year/period - - - -


Regular Plan - Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


Regular Plan - Weekly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


Regular Plan - Monthly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


Institutional Plan - Growth optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


160




February 23, 2015

March 31, 2014


Institutional Plan - Quarterly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


Institutional Plan - Weekly Dividend optionOutstanding, beginning of year/period - - - - Issued-during the year/period - - - - Redeemed during the year/period - - - -


Institutional Plan - Monthly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - Issued during the year/period - - - - Redeemed during the year/period - - - -


Institutional Plan - Daily Dividend optionOutstanding, beginning of year/period - - - - Issued - - -new fund offer - - - - Issued during the year/period - - - - Redeemed during the year/period - - - -


Direct Plan - Growth optionOutstanding, beginning of year/period 1,82,71,880.000 1,82,718.800 - - Issued-new fund offer 1,82,71,880.000 1,82,719-during the year/period - - - - Redeemed during the year/period - - - -

Outstanding, end of year/period 1,82,71,880.000 1,82,719 1,82,71,880.000 1,82,719

Direct Plan - Daily Dividend optionOutstanding, beginning of year/period 51,500.000 515.000 - - Issued-new fund offer 51,500.000 515-during the year/period - - - - Redeemed during the year/period - - - -

Outstanding, end of year/period 51,500.000 515 51,500.000 515

161




February 23, 2015

March 31, 2014


Direct Plan - Weekly Dividend optionOutstanding, beginning of year/period - - - - Issued - - - - -new fund offer - - - - -during the year/period - - - - Redeemed during the year/period - - - -


Direct Plan - Monthly Dividend optionOutstanding, beginning of year/period - - - - Issued during the year/period - - - - Redeemed during the year/period - - - -


Direct Plan - Quarterly Dividend optionOutstanding, beginning of year/period - - - - Issued-new fund offer - - - - Issued during the year/period - - - - Redeemed during the year/period - - - -


TotalOutstanding, beginning of year/period 2,01,27,950 2,01,280 - - Issued-new fund offer - - 2,01,27,950.000 2,01,280-during the year/period - 0 - - Redeemed during the year/period - - - -

Outstanding, end of year/period 2,01,27,950 2,01,280 20127950.000 2,01,280


Name of the Scheme 31st March 2015 31st March 2014


Mirae Asset Ultra Short Term Bond Fund 0 0.00% 0 0.00%

Mirae Asset Short Term Fund 0 0.00% 0 0.00%

Mirae Asset FMP Series I -368 DAYS 0 0.00% 0 0.00%

162



THE YEAR/PERIOD ENDED 31 MARCH 2015 /23 FEBRUARY, 2015(All amounts in thousands of Rupees)


Mirae Asset Short Term Fund

Mirae Asset FMP Series I-368 Days

March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

4. RESERVES AND SURPLUS

Unit premium reserveBalance, beginning of year (2,72,519) (79,522) (627) (22) - Transfer to retained surplus - (6,299)Net premium on issue / redemption of units 5,504 3,165 (23,526) 23,541 - - Transferred to/(from) equalisation account 23,110 (1,89,863) 21,238 (24,146)

Balance, end of year/period (2,43,905) (2,72,519) (2,915) (627) - -

66,208 Unrealised appreciation reserveBalance, beginning of year/period 190 102 300 - 785 - Unrealised appreciation in value of investments (76) 88 (218) 300 (785) 785

Balance, end of year/period 114 190 82 300 - 785

Retained surplusBalance, beginning of year/period 2,97,886 95,571 29,971 2,074 2,053 - Transfer from Unit premium Reserve 6,299 - - - - Transfer to revenue account (6,014) (8,389) (2,057) (2,407) (51) - Surplus transferred from revenue account 1,511 2,04,405 (12,115) 30,304 17,693 2,053

Balance, end of year/period 2,93,383 2,97,886 15,799 29,971 19,695 2,053

Total reserves and surplus 49,593 25,558 12,966 29,644 19,695 2,838


Regular - Weekly 109 89 18 125 - - Regular - Quarterly Dividend Option - - 2,157 3,559 - - Quarterly Dividend option - - - - - Regular Plan - Growth option 437 654 9,856 20,445 1,703 248 Regular Plan - Daily Dividend option 1,277 1,286 - - - - Regular Plan - Weekly Dividend option - - - - - - Regular Plan - Monthly Dividend option 60 65 81 1,154 - - Institutional Plan - Growth option 32,436 17,687 - - - - Institutional Plan - Daily Dividend option 282 140 - - - - Institutional Plan - Weekly Dividend option 1,388 2,767 - - - - Institutional Plan - Monthly Dividend option 1,139 456 - - - - Institutional Plan - Quarterly Dividend option 193 398 - - - - Direct Plan - Growth option 12,050 1,818 852 4,356 17,992 2,583 Direct Plan - Daily Dividend option 55 8 - - - 7 Direct Plan - Weekly Dividend option 95 11 # 3 - - Direct Plan - Monthly Dividend option - 17 - - - - Direct Plan - Quarterly Dividend option 72 162 2 1 - -

49,593 25,558 12,966 29,644 19,695 2,839

# Amount less than Rupees 0.5 thousand

163







March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

5. CURRENT LIABILITIESAmount due to AMC for management fee 52 - 38 - - - Sundry creditors for units redeemed by investors 102 1,862 502 28 - - - Lateral Shift Payable - - - - - - - Others - - - - - - Dividend tax payable 10 25 0 83 14 - Units pending allotment - 7,188 - - - - Commission payable to distributors 122 215 7 92 0 #0 Custodian Fees Payable 3 2 1 2 5 9 Load Pending Utilisation - - - - - - Other current liabilities 1,424 4,585 617 516 91 28

1,713 13,877 1,165 721 110 37 # Amount less than Rupees 0.5 thousand




March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

6. INVESTMENTSCertificates of deposit 1,95,613 1,57,043 50,017 1,51,986 - 1,57,998 Commercial paper - - - - - 46,077 Mutual Fund Units - 13,174 - 22,300 - 44

1,95,613 1,70,217 50,017 1,74,286 - 2,04,119

(i) All the investments are held in the name of the Scheme, as per clause 7 of Seventh Schedule under Regulations 44(1) of SEBI (Mutual Funds) Regulations, 1996.

(ii) The aggregate value of investments acquired and sold/redeemed during the year and these amounts as a percentage of average daily net assets are as follows:




1 April ,2014to

31 March ,2015

1 April ,2013to

31 March ,2014

1 April ,2014to

31 March ,2015

1 April ,2013to

31 March ,2014

1 April ,2014to

23 February ,2015

21 February ,2014

to31 March

,2014Purchases (excluding collateralised lending and fixed deposits)

- amount 19,07,573 8,95,350 1,95,049 3,62,223 50,072 2,01,415

- as a percentage of average daily net assets 582.93% 486.08% 178.11% 441.86% 23.55% 99.46%


- amount 19,03,171 10,56,401 3,27,750 1,91,821 2,71,151 11


(iii) The details of investments by a company in excess of 5% of the net assets of a scheme and investment made by the scheme or by any other scheme for the current year in that company and the market value as at 31st March 2014 as per the disclosure requirement under Regulation 25(11) or the SEBI Regulations are disclosed in Annexure I to the financial statements

(iv) Outstanding investments in the Sponsor company and its Group companies as at 31 March 2015 is Nil (Previous Year: Nil).

164







March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

7. OTHER CURRENT ASSETS

Balances with banks in current accounts 194 8,184 5 291 1 2 Sundry debtors for units issued to investors - Lateral shift receivable - - - - - - - Others Sundry debtors for units issued to investors -Others

1,799 1,603 - 89 - -

Margin deposit with Clearing Corporation of India Limited

96 199 13 127 - -

Outstanding and accrued income #0 #0 - - - - Amount due from AMC 53 154 - 138 - 34 Collateralised lending 94,138 55,072 417 4,043 2,21,084 - Other current assets 715 1,303 #0 - #0 -

96,995 66,515 435 4,688 2,21,085 36





1 April ,2014to

31 March ,2015

1 April ,2013to

31 March ,2014

1 April ,2014to

31 March ,2015

1 April ,2013to

31 March ,2014

1 April ,2014to

23 February ,2015

21 February ,2014

to31 March

,20148. INTEREST

Money market instruments Interest Money market instruments

19,818 9,375 6,509 3,584 17,710 1,930

Deposits 3 3 1 1 - - Collateralised lending Interest on Collateralised lending

6,926 6,415 1,309 3,331 48 134

26,747 15,793 7,819 6,916 17,758 2,064

9. MANAGEMENT AND TRUSTEESHIP FEEThe Scheme pays fees for investment management services (excluding service tax) under an agreement with the AMC, which provides for computation of such fee as a percentage of the Scheme’s average daily net assets, after excluding the net asset value of the investments by the AMC in the scheme and net asset value of investment made in other schemes, if any.




April 01, 2014

toMarch 31,

2015

April 01, 2013

toMarch 31,

2014

April 01, 2014

toMarch 31,

2015

April 01, 2013

toMarch 31,

2014

1 April ,2014to

23 February ,2015

21 February ,2014

to31 March

,2014Management fee at annualised average rate 0.11% 0.08% 0.30% 0.01% 0.00% 0.00%

The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme's average daily net assets, subject to a minimum of Rs.5 lakhs per annum. The Trustee company has waived off the Trusteeship fees for Scheme- Mirae Asset FMP Series I-368 Days of Mirae Asset Mutual Fund.(Previous year: The Scheme has paid for Trusteeship services at the rate of 0.03 per cent for the period from April 2014 to March 2015 of the Scheme's average daily net assets, subject to a minimum of Rs.5 lakhs per annum for all schemes. The Trustee company has waived off the Trusteeship fees from 6th, January 2014 to 31st, March 2014 for all the schemes of Mirae Asset Mutual Fund).

165




10. INCOME AND EXPENDITUREThe total income and expenditure and these amounts as a percentage of the scheme’s average daily net assets on an annualised basis are provided below:




April 01, 2014

toMarch 31,

2015

April 01, 2013

toMarch 31,

2014

April 01, 2014

toMarch 31,

2015

April 01, 2013

toMarch 31,

2014

1 April ,2014to

23 February ,2015

21 February ,2014

to31 March

,2014Income (Includes refund - scheme expenses,excluding net gain in unrealised gain in value of Investments )

- amount 28,061 15,840 10,300 6,975 17,798 2,064



- amount 3,378 1,298 1,165 817 104 11


11. TRANSACTIONS COVERED BY REGULATION 25(8) OF THE SEBI REGULATION WITH THE SPONSOR OR ASSOCIATE OF THE SPONSOR

Particulars Mirae Asset Ultra Short Term Bond Fund



March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

Commission paid for procuring unit capitalSatco Capital Markets Limited - - - - 3.30

166



THE YEAR/PERIOD ENDED 31 MARCH, 2015 / 23 FEBRUARY, 2015

12. NET ASSET VALUE

Options Mirae Asset Ultra Short Term Bond Fund



March 31, 2015

March 31, 2014

March 31, 2015

March 31, 2014

February 23, 2015

March 31, 2014

Regular Plan - Growth option 1470.3081 1364.2837 14.1593 13.0946 10.9437 10.1371 Regular Plan - Daily Dividend option 1401.4780 1300.4027 NA NA NA NA Regular Plan - Weekly Dividend option 1401.3832 1300.3522 10.3720 10.2525 NA NA Regular Plan - Monthly Dividend option 1404.8496 1303.5376 10.2837 10.2317 NA NA Regular Plan - Quarterly Dividend option NA NA 12.5349 12.5329 NA NA Institutional Plan - Growth option 1240.0925 1150.7583 NA NA NA NA Institutional Plan - Daily Dividend option 1013.6682 1,010.5409 NA NA NA NA Institutional Plan - Daily Dividend option (Quarterly)

1037.9939 1039.5098 NA NA NA NA

Institutional Plan - Weekly Dividend option 1102.5418 1093.8589 NA NA NA NA Institutional Plan - Monthly Dividend option 1081.3006 1072.8219 NA NA NA NA Direct Plan - Growth option 1259.6104 1158.9676 14.3666 13.1787 10.9846 10.1413 Direct Plan - Dividend Option 1140.0232 1,049.8165 NA NA 10.0000 10.1413 Direct Plan - Weekly Dividend option 1225.4682 1128.5004 12.1990 11.2326 NA NA Direct Plan - Monthly Dividend option NA 1126.2957 NA NA NA NA Direct Plan - Quarterly Dividend option 1060.6572 1062.0489 13.9613 12.8599 NA NA

The net asset value of the Scheme’s unit is determined separately for units issued under the options after including the respective unit capital and reserves and surplus.

13. CONTINGENT LIABILITIES

At 31 March ,2015 - Nil (31 March ,2014 - Nil).

14. PREVIOUS YEAR'S COMPARATIVESFigures for the previous years have been regrouped / reclassified, wherever necessary to confirm to current years presentations.














167



Annexure I

Disclosure under Regulation 25 (11) of SEBI (Mutual Fund) Regulations, 1996

Investments made by the schemes of Mirae Asset Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme


Investments made by the Schemes of MIRAE Asset

Mutual Fund in the Company or its subsidiary

Aggregate cost of acquisition

(Rupees in '000)


2014 (Rupees in '000)

Emami Ltd Mirae Asset Fmp Series I-368 Days

Mirae Asset Emerging Blue Chip Fund

1,02,411.60 1,18,264.75


6,329.87 7,809.36


1,11,643.24 1,18,820.41



- 1,548.00

Note:

The above said investments were made to optimize return and high liquidity. The investments have been made purely on fundamental consideration after carrying out proper due diligence & research.* The Shares had been acquired during the previous financial year and not in the current financial year

168


MIRAE ASSET MUTUAL FUND - MIRAE ASSET SHORT TERM BOND FUND

Annexure II







Banks 20,30,000 1,95,613 67.25% 100.00%

Axis Bank Ltd 5,00,000 46,877 16.11% 23.96%

Canara Bank 3,60,000 34,071 11.71% 17.42%


Indusind Bank Ltd 3,50,000 34,766 11.95% 17.77%

Oriental Bank of Commerce 5,00,000 49,609 17.06% 25.36%

Total 20,30,000 1,95,613 67.25% 100.00%


TOTAL ASSETS 2,92,608 100.59%


NET ASSETS 2,90,895 100.00%


169


MIRAE ASSET MUTUAL FUND - MIRAE ASSET FMP SERIES I-368 DAYS

Annexure II







Banks 5,20,000 50,017 101.48% 100.00%

Canara Bank 1,50,000 14,176 28.76% 28.34%



Total 5,20,000 50,017 101.48% 100.00%

OTHER CURRENT ASSETS 435 0.88%

TOTAL ASSETS 50,452 102.36%


NET ASSETS 49,287 100.00%


170


MIRAE ASSET MUTUAL FUND PERSPECTIVE HISTORICAL PER UNIT STATISTICS*

MIRAE ASSET CASH MANAGEMENT FUND MIRAE ASSET ULTRA SHORT TERM BOND FUND

Serial No.

Particulars 31,March 2015

31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

MACMF1 MACMF2 MACMF3 MILPF1 MILPF2 MILPF3 523388.444 165323.898 41257.676 241300.318 197297.131 341610.747

a) Net Asset Value, per unitat the end of the year

Institutional - Dividend Plan (Daily) - - - 1,013.6682 1,009.8172 - Institutional - Dividend Plan (Weekly) - - - 1,102.5418 1,093.0431 1,036.5184 Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - 1,240.0925 1,149.9340 1,064.4362 Institutional - Dividend Plan (Monthly) - - - 1,081.3006 1,072.2080 1,034.5231 Institutional - Dividend Plan Quarterly) - - - 1,037.9939 1,038.7654 1,017.6771 Regular - Dividend Plan (Daily) 1,056.9340 1,052.5480 1,046.9692 1,401.4780 1,299.4717 1,202.8550 Regular - Dividend Plan (Weekly) 1,143.8779 1,138.2765 1,133.3272 1,401.3832 1,299.4211 1,202.8090 Regular - Dividend Plan (Monthly) 1,143.9672 1,138.6519 1,131.7786 1,404.8496 1,302.6071 1,205.7617 Regular - Growth Plan 1,477.5816 1,359.6797 1,253.6599 1,470.3081 1,363.3058 1,261.9694 Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily 1,065.9672 1,061.4088 1,053.7503 1,140.0232 1,049.0261 - Direct Growth 1,483.8273 1,361.9680 1,253.8079 1,259.6104 1,158.0949 1,065.5965 Direct Monthly - - 1,150.6243 - 1,125.4477 1,035.5868 Direct Quarterly - - - 1,060.6572 1,061.2494 1,038.2831 Direct Weekly 1,195.6297 1,184.6071 1,150.7758 1,225.4682 1,127.6507 1,037.6834

b) i) Income other than profit on sale of investments per unit

79.31 102.60 163.06 110.85 80.28 51.07

ii) Income (net) from profit / (loss) on inter scheme sales/transfer of investments, per unit

0.05 (0.00) - (0.26) - -

iii) Income (net) from profit / (loss)on sale of investment to third party,per unit

0.22 0.02 - 5.45 0.01 -

iv) Transfer to Revenue account from past year’s reserve, per unit

76.17 45.14 165.18 1,234.50 484.40 49.39

c) Aggregate of expenses, write off, amortisation & charges, per unit

2.23 2.49 7.47 13.99 6.58 2.90

d) Net Income / (loss) per unit (b - c) 153.53 145.27 320.77 1,336.54 558.11 97.56

e) Net Change in Unrealised Appreciation / (Depreciation) in the value of investments

0.07 0.11 0.00 -0.31 0.45 0.30

171




Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

f) Repurchase Price during the yeari) Highest

Institutional - Dividend Plan (Daily) - - - 1,013.6682 1,009.8172 - Institutional - Dividend Plan (Weekly) - - - 1,102.5418 1,093.9428 1,036.5184 Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - 1,240.0925 1,149.9340 1,064.4362 Institutional - Dividend Plan (Monthly) - - - 1,084.7300 1,077.4191 1,034.5231 Institutional - Dividend Plan Quarterly) - - - 1,041.5168 1,041.6593 1,026.1977 Regular - Dividend Plan (Daily) 1,056.9340 1,052.5480 1,046.9692 1,401.4780 1,299.4717 1,202.8550 Regular - Dividend Plan (Weekly) 1,143.9858 1,139.4370 1,133.3272 1,401.3832 1,299.4211 1,202.8090 Regular - Dividend Plan (Monthly) 1,149.1245 1,144.4385 1,136.6763 1,404.8496 1,302.6071 1,205.7617 Regular - Growth Plan 1,477.5816 1,359.6797 1,253.6599 1,470.3081 1,363.3058 1,261.9694 Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily 1,065.9672 1,061.4088 1,053.7503 1,140.0232 1,049.0261 - Direct Growth 1,483.8273 1,361.9680 1,253.8079 1,259.6104 1,158.0949 1,065.5965 Direct Monthly - 1,169.2694 - 1,153.3445 1,125.4477 1,035.5868 Direct Quarterly - - - 1,064.4454 1,064.4713 1,038.2831 Direct Weekly 1,195.6467 1,185.7319 1,150.7758 1,225.4682 1,127.6507 1,037.6834

ii) Lowest

Institutional - Dividend Plan (Daily) - - - 1,009.8757 1,000.0000 - Institutional - Dividend Plan (Weekly) - - - 1,092.6337 1,037.7709 1,000.0000 Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - 1,151.2668 1,065.7224 1,000.0000 Institutional - Dividend Plan (Monthly) - - - 1,072.4059 1,035.7731 1,000.0000 Institutional - Dividend Plan Quarterly) - - - 1,021.3037 1,010.3600 1,000.0000 Regular - Dividend Plan (Daily) 1,052.6047 1,047.1008 1,039.3257 1,300.9773 1,204.3085 1,111.2413 Regular - Dividend Plan (Weekly) 1,137.9150 1,131.9829 1,123.7901 1,300.9268 1,204.2622 1,111.1815 Regular - Dividend Plan (Monthly) 1,138.3396 1,131.8724 1,123.4881 1,304.1136 1,207.2202 1,113.9246 Regular - Growth Plan 1,361.1425 1,255.2347 1,165.1886 1,364.8865 1,263.4934 1,165.8417 Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily 1,061.4668 1,053.8838 1,045.1730 1,050.3063 1,007.9584 - Direct Growth 1,363.4558 1,255.4073 1,232.3370 1,159.5083 1,066.9718 1,044.7395 Direct Monthly - 1,152.0878 - 1,126.8212 1,036.9235 1,015.3798 Direct Quarterly - - - 1,042.0065 1,030.2700 1,017.9087 Direct Weekly 1,184.3512 1,152.2332 1,130.9273 1,129.0270 1,039.0162 1,017.4039

g) Resale Price during the yeari) Highest

Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - -

172


Regular - Dividend Plan (Monthly)MIRAE ASSET MUTUAL FUND

PERSPECTIVE HISTORICAL PER UNIT STATISTICS*


Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

Regular - Growth Plan - - - - - - Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - - - - Direct Growth - - - - - - Direct Monthly - - - - - - Direct Quarterly - - - - - - Direct Weekly - - - - - -

ii) Lowest

Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - - Regular - Growth Plan - - - - - - Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - - - - Direct Growth - - - - - - Direct Monthly - - - - - - Direct Quarterly - - - - - - Direct Weekly - - - - - -

h) Market Price (National Stock Exchange)

i) Highest NA NA NA NA NA NAii) Lowest NA NA NA NA NA NA

i) Price Earning Ratio NA NA NA NA NA NA

j) Ratio of expenses to the average net assets

0.24% 0.21% 0.36% 1.03% 0.70% 0.48%

k) Ratio of gross income (including net profit / loss on sale / redemption of investments and net change in unrealised apreciation / depreciation in value of investments) to average net assets

8.51% 8.68% 7.88% 8.58% 8.60% 8.51%

*The above per unit calculations are based on the number of units outstanding at the end of the year.

173



MIRAE ASSET SHORT TERM BOND FUND Mirae Asset FMP Series I-368 DaysSerial

No.Particulars 31,March

201531,March

2014 31,March

2013 23,February

201531,March

2014 31,March

2013 MISTB1 MISTB2 MISTB3 MAFM3681 MAFM3682 MAFM3683

3631945.493 14860828.96 1675491.782 20127950 20127950a) Net Asset Value, per unitat

the end of the year

Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) 10.3720 10.2472 10.1734 - - - Regular - Dividend Plan (Monthly) 10.2837 10.2264 10.1673 - - - Regular - Growth Plan 14.1593 13.0878 12.1186 10.9437 10.1303 - Regular - Dividend Plan (Quarterly) 12.5349 12.5264 11.8243 - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - 10.0000 10.1342 - Direct Growth 14.3666 13.1708 12.1262 10.9846 10.1342 - Direct Monthly - 10.2264 10.3408 - - - Direct Quarterly 13.9613 12.8522 11.8327 - - - Direct Weekly 12.1990 11.2259 10.334 - - -


2.24 0.47 1.98 0.88 0.10


(0.00) - - - -


0.59 - - 0.00 -


8.25 0.14 1.77 0.10 -


0.32 0.05 0.19 0.01 0.00

d) Net Income / (loss) per unit (b - c) 10.76 0.55 3.56 0.98 0.10


-0.06 0.02 0.00 -0.04 0.04

174





201531,March

2014 31,March

2013 23,February

201531,March

2014 31,March

2013


Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) 10.3752 10.2538 10.1734 - - - Regular - Dividend Plan (Monthly) 10.3698 10.2879 10.2115 - - - Regular - Growth Plan 14.1593 13.0878 12.1186 10.9437 10.1303 - Regular - Dividend Plan (Quarterly) 12.5673 12.5525 11.8243 - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - 10.9772 10.1342 - Direct Growth 14.3666 13.1708 12.1262 10.9846 10.1342 - Direct Monthly - 10.4268 - - - - Direct Quarterly 13.9613 12.8522 11.8327 - - - Direct Weekly 12.1990 11.2259 10.3340 - - -

ii) Lowest

Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) 10.2399 10.1617 10.0908 - - - Regular - Dividend Plan (Monthly) 10.2232 10.1685 10.0957 - - - Regular - Growth Plan 13.0966 12.1363 11.2970 10.1339 10.0000 - Regular - Dividend Plan (Quarterly) 12.3082 11.8417 11.0224 - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - 10.0000 10.0000 - Direct Growth 13.1814 12.1444 11.9134 10.1384 10.0000 - Direct Monthly - 10.3564 - - - - Direct Quarterly 12.8625 11.8505 11.6241 - - - Direct Weekly 11.2350 10.3495 10.1521 - - -


Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - -

175





201531,March

2014 31,March

2013 23,February

201531,March

2014 31,March

2013


ii) Lowest

Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - - Regular - Growth Plan - - - - - - Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - - - - Direct Growth - - - - - - Direct Monthly - - - - - - Direct Quarterly - - - - - - Direct Weekly





1.06% 1.00% 0.77% 0.05% 0.05% NA


9.41% 8.51% 7.91% 9.29% 9.54% NA


176



MIRAE ASSET GLOBAL COMMODITY STOCKS FUND


Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

MIGCS1 MIGCS2 MIGCS3 MIIOF1 MIIOF2 MIIOF3 8338898.944 10970991.46 15371050.38 375838349.2 234246377.5 186984719.4


Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) 10.6540 11.9800 11.5070 18.0810 13.3730 11.6890 Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - - Regular - Growth Plan 10.6540 11.9800 11.5070 32.4270 22.0600 17.5220 Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily 10.7830 12.0590 11.5350 24.6850 16.6400 13.0810 Direct Growth 10.8290 12.0590 11.5350 33.1400 22.3390 17.5630 Direct Monthly - - - - - - Direct Quarterly - - - - - - Direct Weekly - - - - - -


0.87 1.19 2.09 0.24 0.23 0.25


- - - - - -


0.10 (1.09) 0.56 2.66 0.87 0.43


4.83 4.71 4.03 3.10 4.10 4.81


0.39 0.40 0.50 0.46 0.35 0.36

d) Net Income / (loss) per unit (b - c) 5.41 4.41 6.17 5.54 4.85 5.13


-1.67 0.89 -2.50 3.79 2.54 0.83

177





Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013



ii) Lowest



Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - - Regular - Growth Plan - - - - - -

178





Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

Regular - Dividend Plan (Quarterly) - - - - - - Regular - Dividend Plan (Fortnightly) - - - - - - Regular - Dividend - - - - - - Direct Daily - - - - - - Direct Growth - - - - - - Direct Monthly - - - - - - Direct Quarterly - - - - - - Direct Weekly - - - - - -

ii) Lowest






2.85% 2.86% 2.59% 2.45% 2.66% 2.53%


7.06% 8.40% 13.69% 15.50% 8.37% 4.77%


179



MIRAE ASSET CHINA ADVANTAGE FUND MIRAE ASSET EMERGING BLUECHIP FUND

Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013

MICHF1 MICHF2 MICHF3 MAEBF1 MAEBF2 MAEBF3 12897152.55 20455163.56 28130030.82 258565083.4 147871398.1 115398179.8




1.66 1.36 1.81 0.26 0.23 0.21


- - - - - -


0.01 (0.96) (2.10) 3.73 1.04 1.05


0.05 0.06 (0.64) 0.70 0.69 0.43


0.42 0.28 0.30 0.49 0.30 0.28

d) Net Income / (loss) per unit (b - c) 1.30 0.19 -1.24 4.20 1.67 1.41


1.29 1.68 0.23 5.51 2.65 -0.12

180




Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013



ii) Lowest



Institutional - Dividend Plan (Daily) - - - - - - Institutional - Dividend Plan (Weekly) - - - - - - Institutional - Dividend Plan (Fortnightly) - - - - - - Institutional - Growth Plan - - - - - - Institutional - Dividend Plan (Monthly) - - - - - - Institutional - Dividend Plan Quarterly) - - - - - - Regular - Dividend Plan (Daily) - - - - - - Regular - Dividend Plan (Weekly) - - - - - - Regular - Dividend Plan (Monthly) - - - - - -

181




Serial No.


31,March 2014

31,March 2013

31,March 2015

31,March 2014

31,March 2013


ii) Lowest






2.37% 2.19% 2.20% 2.54% 2.75% 2.64%


9.49% 10.62% 13.17% 20.51% 11.85% 11.83%


182



MIRAE ASSET INDIA CHINA CONSUMPTION FUNDSerial

No.Particulars 31,March 2015 31,March 2014 31,March 2013

MICCF1 MICCF2 MICCF3 15045145.49 13627351.58 14110208.7


Institutional - Dividend Plan (Daily) - - - Institutional - Dividend Plan (Weekly) - - - Institutional - Dividend Plan (Fortnightly) - - - Institutional - Growth Plan - - - Institutional - Dividend Plan (Monthly) - - - Institutional - Dividend Plan Quarterly) - - - Regular - Dividend Plan (Daily) 16.3350 12.6040 11.0420 Regular - Dividend Plan (Weekly) - - - Regular - Dividend Plan (Monthly) - - - Regular - Growth Plan 22.3670 15.4020 12.3480 Regular - Dividend Plan (Quarterly) - - - Regular - Dividend Plan (Fortnightly) - - - Regular - Dividend - - - Direct Daily 22.8970 15.6040 12.3820 Direct Growth 22.9290 15.6040 12.3820 Direct Monthly - - - Direct Quarterly - - - Direct Weekly - - -


0.52 0.89 0.36


- - -


2.47 0.41 1.24


1.66 1.24 0.32


0.45 0.37 0.31

d) Net Income / (loss) per unit (b - c) 4.19 2.16 1.61


3.10 2.01 -0.09

183







ii) Lowest



- - - Institutional - Dividend Plan (Daily) - - - Institutional - Dividend Plan (Weekly) - - - Institutional - Dividend Plan (Fortnightly) - - - Institutional - Growth Plan - - - Institutional - Dividend Plan (Monthly) - - - Institutional - Dividend Plan Quarterly) - - - Regular - Dividend Plan (Daily) - - - Regular - Dividend Plan (Weekly) - - - Regular - Dividend Plan (Monthly) - - -

184





- - - Regular - Growth Plan - - - Regular - Dividend Plan (Quarterly) - - - Regular - Dividend Plan (Fortnightly) - - - Regular - Dividend - - - Direct Daily - - - Direct Growth - - - Direct Monthly - - - Direct Quarterly - - - Direct Weekly - - -

ii) Lowest

Institutional - Dividend Plan (Daily) - - - Institutional - Dividend Plan (Weekly) - - - Institutional - Dividend Plan (Fortnightly) - - - Institutional - Growth Plan - - - Institutional - Dividend Plan (Monthly) - - - Institutional - Dividend Plan Quarterly) - - - Regular - Dividend Plan (Daily) - - - Regular - Dividend Plan (Weekly) - - - Regular - Dividend Plan (Monthly) - - - Regular - Growth Plan - - - Regular - Dividend Plan (Quarterly) - - - Regular - Dividend Plan (Fortnightly) - - - Regular - Dividend - - - Direct Daily - - - Direct Growth - - - Direct Monthly - - - Direct Quarterly - - - Direct Weekly - - -


i) Highest NA NA NAii) Lowest NA NA NA

i) Price Earning Ratio NA NA NA

j) Ratio of expenses to the average net assets 2.78% 2.84% 2.68%


18.37% 9.91% 14.01%


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