BOARD'S REPORT DEAR SHAREHOLDERS, Your Directors have pleasure in presenting to you their Eighth Annual Report and the Audited Statement of Accounts of the Company for year ended March 31, 2015. BUSINESS REVIEW Power sector is very important for the economic development of any country. Inspite of huge capacity additions in last several years, power sector continues to face challenges and is not being able to contribute to growth of the Country. Inadequate coal supply, dependence on imported fuels, poor financial health of discoms, restricts the flow of investments, into the power sector. Your company has a well formulated strategy to tackle these challenges. We are comfortable with land, fuel linkage, water, financial closure etc. and are on course of building a leadership position in the Sector. The year under review was a milestone in the track record of your company in which, Units 3-5 of 1350 MW Phase-I Amravati Thermal Power Station (ATPS) achieved commercial operation within a short span of less than 2 months which is a record in itself. You would be happy to note that all the five units of ATPS are supplying power to Maharashtra State Electricity Distribution Company Ltd (MSEDCL). CHANGE INTHE NAME OF THE COMPANY During the year under review, the name of the Company got changed from Indiabulls Power Limited. to RattanIndia Power Limited with effect from October 30, 2014 consequent to the issuance of a fresh certificate of incorporation by the Registrar of Companies, NCT of Delhi & Haryana, in favour of the Company, on the said date. The shareholders of the Company had approved the change in the name of the Company as aforesaid, through a special resolution passed to such effect, byway of a postal ballot, on October 16, 2014. DIRECTORS/ KEY MANAGERIAL PERSONNEL (KMP) DETAILS During the year under review, Mr. Jayant Shriniwas Kawale (DIN: 00076038) was appointed as the Managing Director of the Company for a period of five years with effect from October 1, 2014, following his induction as an additional director on the Board of the Company with effect from such date. Since the induction of Mr. Kawale on the Board of Directors of the Company ('Board') was as an additional director, his appointment as such director comes to an end on September 30, 2015, the date of the ensuing Annual General Meeting of the Company. Your consent is therefore sought for his appointment on the Board of the Company as a director liable to retire by rotation, which would automatically mean a continuation of his Managing directorship, for the tenure approved by the Board. It would be pertinent to mention here that the Company has received a notice together with the requisite deposit from a member of the Company, signifying his intention to propose Mr. Kawale as director of the Company liable to retire by rotation. Your approval is also sought to the appointment by the Board of Directors, of Mr. Kawale as the Managing Director of the Company, for a period of five years w.e.f. October 1, 2014, the said term being renewable for a further period of five years upon each expiry, at the remuneration and other terms and conditions approved by the Board. Further, Mr. Himanshu Mathur (DIN: 03077198) was appointed as a Whole-time Director of the Company, for a term of three years with effect from July 8, 2015, the said term being renewable for a further period of three years upon every expiry, on which date Mr. Vishna Chandra Vishwakarma resigned from the directorship and Whole-time directorship of the Company. It would be pertinent to mention here that Mr. Vishwakarma had been appointed as a director of the Company liable to retire by rotation, in the annual general meeting of the Company for the financial year 2013-2014, held on September 30, 2014. The appointment of Mr. Himanshu Mathur as a Whole-time Director, followed his induction as an additional director on the Board of the Company on the same date. Since the induction of Mr. Mathur on the Board of Directors of the Company ('Board') was as an additional director, his appointment as such director comes to an end on September 30, 2015, the date of the ensuing Annual General Meeting of the Company. Your consent is therefore sought for his appointment on the Board of the Company as a director liable to retire by rotation which would mean continuance of his Whole-time directorship for the tenure approved by the Board. It would be pertinent to mention here that the Company has received a notice together with the requisite deposit from a member of the Company, signifying his intention to propose Mr. Himanshu Mathur as director of the Company liable to retire by rotation. Your approval is also sought to the appointment by the Board, of Mr. Himanshu Mathur as a Whole-time director of the Company for a period of three years w.e.f. July 8, 2015, on the remuneration and other terms fixed by the Board. As regards the other directors of the Company it may be noted, that Mrs. Anjali Nashier (DIN: 01942221) was appointed as a director of the Company liable to retire by rotation and Mr. Sharad Behal (DIN: 02774398), Mr. Debashis Gupta (DIN: 02774388), Mr. Yashish Dahiya (DIN: 00706336), Mr. Narayanasany Jeevagan (DIN: 02393291) and Mr. Sanjiv Chhikara (DIN: 06966429) were appointed as Independent Directors on the Board of the Company, in the Annual General Meeting of the Company for the financial year 2013-2014, held on September 30, 2014. Further, during the year under review Mr. Sameer Gehlaut resigned from the directorship of the Company with effect from July 9, 2014. Mr. Shamsher Singh Ahlawat, Mr. Prem Prakash Mirdha and Brigadier Labh Singh Sitara, independent directors, resigned from directorship of the Company with effect from September 30, 2014 and Mr. Saurabh Mittal resigned from the directorship of the Company with effect from October 28, 2014. The Board places on record its sincere appreciation for the valuable contributions of Mr. Sameer Gehlaut, Mr. Shamsher Singh Ahlawat, Mr. Prem Prakash Mirdha, Brigadier Labh Singh Sitara, Mr. Saurabh Mittal and Mr. V. C. Vishwakarma, to the Board and the Company during their tenure as directors of the Company. In accordance with the provisions of the Companies Act, 2013, Mrs. Anjali Nashier will retire at the ensuing annual general meeting and being eligible offers herself for reappointment. Further, vide its letter no. 2:02:452 dated August 10, 2015, Power Finance Corporation Limited, appointed Mr. Pranab Kumar Sinha, as its nominee on the Board of the Company, in place of Mr. Dhanabalan Ravi. Accordingly he has been inducted as a nominee Director on the Board. Brief resumes of Mrs. Anjali Nashier, Mr. Jayant Shriniwas Kawale and Mr. Himanshu Mathur, the nature of their expertise in specific functional areas and information as to the other companies in which they hold directorships and the board committees of the Company and such other companies of which they are members/chairperson, has been provided in the Report on Corporate Governance, which forms a part of the Annual Report. As regards the Key Managerial Personnel of the Company, apart from Mr. Jayant Shriniwas Kawale and Mr. Himanshu Mathur assuming the office of the Managing Director and Whole-time Director of the Company, respectively, Mr. Arun Chopra was appointed as the Chief Financial Officer of the Company, in compliance with provisions of Section 203 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. COMPANY'S POLICY ON APPOINTMENT AND REMUNERATION OF DIRECTORS As mandated by Clause 49 of the Listing Agreements as also Section 178 of the Companies Act, 2013 read with Companies (Meetings of Board and its Powers) Rules, 2014, the Company has a Nomination and Remuneration Committee in place, the constitution, the terms of reference and the scope of responsibility whereof, are described in the Corporate Governance Report, forming part of the Board's Report. The selection and appointment of Directors and their remuneration owes its genesis to the policy formulated by the Nomination and Remuneration Committee within the four corners of its charter and scope of responsibility, with due consideration to the stipulations under various applicable enactments and regulations, primarily including the Companies Act, 2013 and in particular section 178(3) thereof, the Listing Agreements and the Income Tax Act, 1961. In formulating the policy, as uploaded on the website of the Company at the weblink <http://www.rattanindia.com/investors.htm>, for the information of the members of the Company in particular and the investing community in general, care has been taken to ensure that criteria laid down therein enable the Company to strike a balance between what is mandated by law, in letter as well as spirit, the principles of sound corporate governance, the functional requirements of the Company and the industry norms. EVALUATION OF PERFORMANCE OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS Besides such an evalution being mandatorily required under clause 49 of the Listing Agreements and the Companies Act, 2013 the Board of Directors as a part of its corporate governance philosophy carries out an evaluation of its own performance, the performance of various directors individually as well as evaluation of the working of various committees constituted by it, the basic purpose of such evaluation being to ascertain as to whether the performance is in consonance with the terms of reference and scope of responsibility and upto the standards set for the same, to identify deviations, if any and initiate corrective measures. Towards this end, structured questionnaires were during the year under review prepared taking into consideration the inputs received from various Directors, for the purpose of evaluation of the Board and its committees, their effectiveness and functional efficiency vis-a-vis their terms of reference and scope of responsibility, Board support and processes etc. A separate exercise was carried out for evaluating the performance of individual Directors including the Chairman of the Board, broadly based on parameters such as their understanding of the Company's vision and objectives, their individual skills, knowledge and experience, their attendance and participation in Board and committee meetings, safeguarding the interest of the Company and its minority shareholders etc. It would be pertinent to mention here that performance evaluation of the Non-Independent Directors was carried out by Independent Directors who also assess the quantity, quality and timeliness of flow of information between the Company management and Board. Emphasis in all such evaluations was on ensuring that in their functioning and discharge of responsibilities, neither the directors nor the committees, loose sight of the Company's vision and objectives and its philosophy of maintaining the highest standards of efficacy, corporate governance and legal compliances. DECLARATIONS FROM INDEPENDENT DIRECTORS The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under Section 149(7) of the Companies Act, 2013 and the Clause 49 of the Listing Agreement with the Stock Exchanges. MEETINGS During the year, under review 11 meetings of the Board of Directors of the Company were held. This includes the meeting of Independent Directors of the Company held on 16th March, 2015, without the attendance of Non-Independent Directors and members of the Management. The details as to the dates of such meetings and the attendance of various directors of the Company thereat, have been provided in the Corporate Governance Report. CORPORATE SOCIAL RESPONSIBILITY The overall well-being of the society at large has always been an area close to the heart of the management of the Company as it is believed at RattanIndia that a business entity does not exist in isolation but as a component of the society it engages with in the course of its business and therefore the gains accruing to the business have to be essentially seen as a product of such interaction and interdependence, making it essentially important for a business enterprise to reciprocate in equal measure and beyond, for that is what enables it to discharge its social responsibility, which in turn ensures that it gains the trust and confidence of people, something so vitally important. The Company has in place a well-defined and well laid out Corporate Social Responsibility Policy (CSR Policy) drawn up on the basis of the recommendations of the CSR Committee of the Board of Directors constituted on February 14, 2014, which currently comprises of three members namely Ms. Anjali Nashier a non-independent director as the Chairperson and member, and Mr. Sanjiv Chhikara and Mr. Yashish Dahiya, Independent Directors, as the other two members. The CSR Committee has been vested with the responsibility of effectuating the CSR Policy, monitoring its implementation and keeping the Board of Directors informed about the efficacy and success of the CSR programs. The CSR Policy has been uploaded on the website of the Company and is available at the link: <http://www.rattanindia.com/investors.htm> It has not been possible for the Company to allocate any funds for social welfare activities, in pursuance of the CSR policy, during the year under review, primarily due to the fact that before being able to embark upon any programmes in this direction it was essentially important for the Company to have the 1350 MW Phase-I Amravati Thermal Power Plant commissioned and operational in entirety which in turn necessitated that a major chunk of the available finances be used to this end, so that the business of the Company starts generating revenues, so essential for the survival and growth of the Company, which would automatically ensure the availability of funds in the longer run to enable the Company to discharge its corporate social responsibility. It would be pertinent to mention here that with the availability of financial leverage in the years to come it is proposed to undertake social welfare and uplift in various spheres. The Annual report on CSR forms a part of the Board's Report and is annexed hereto as Annexure A. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES The contracts/arrangements/transactions entered into with related parties including those with direct and step down subsidiaries of the Company, have strictly been done on an arm's length basis and in the ordinary course of business. No related party transactions were entered into with the Directors or with the Key Managerial Personnel of the Company. In compliance with the requirements of the Companies Act, 2013 read with the rules framed thereunder, the related party transactions entered into by the Company during the financial year 2014-2015 had at the beginning of the financial year, been placed before the Audit Committee of the Board for approval with the nature, value and terms of such contracts being adequately brought to the knowledge of the said committee. The same received the approval of the Audit Committee. The Company's policy on materiality of Related Party Transactions, as approved by the Board of Directors, is uploaded on the Company's website and is available at the weblink:<http://www.rattanindia.com/investors.htm>. Since all Related Party Transactions entered into by the Company were in the ordinary course of business and at an arms- length basis, form AOC-2 is not applicable to the Company. However the details of various related party transactions entered into during the financial year 2014-2015 are adequately set out in the notes to Financial Statements at page nos. 172 - 173 of this report. INTERNAL FINANCIAL CONTROLS In terms of the provisions of Section 134 (5) (e) of the Companies Act, 2013, the Directors are enjoined with the responsibility of ensuring that applicable adequate systems offinancial control arein place and operational in the Company. The Board of Directors have devised and effectuated a system of internal control commensurate with the nature and size of operations of the Company, covering within its ambit every sphere of operations and activities including more particularly, the financial controls. The system operational for the financial controls encompasses operating philosophies, policies and procedures, effective IT systems aligned to the business requirements, a robust internal audit framework and risk management framework to ensure that there are adequate checks and balances in the system, as also its evaluation at regular intervals to ascertain the efficacy of operations of the financial controls employed so that corrective measures if any required, can be taken in the right earnest, with the internal audit team working in close coordination with the Audit Committee, for the purpose. RISK MANAGEMENT In compliance with the requirements of the Companies Act, 2013 , the Company has in place a well laid out Risk Management Policy encompassing the various facets of operations and activities of the Company, generally as well as typical to the Power Industry and Business. The Policy is designed to be simple, consistent and clear for reporting and managing risks emanating from within and outside the Company so as to mitigate the possible impact therefrom, through corrective measure initiated in time. Based on the policy, risks are identified through a consistently applied methodology to identify, assess, monitor and mitigate risks through appropriate and timely actions. DETAILS OF LOANS / GUARANTEES & SECURITIES / INVESTMENTS MADE BY THE COMPANY Full particulars of the loans given, guarantees extended or securities provided to and the investments made by the Company in various bodies corporate in due compliance with the provisions of Section 186 of the Companies Act, 2013, have been adequately described in the Financial Statements. It would, however be pertinent to mention here that being an entity, engaged in the Infrastructure business, the Company does not fall within the ambit of section 186 by virtue of the exemption available under sub section (11) thereof read with Schedule VI to the Companies Act, 2013. CONSOLIDATED FINANCIAL STATEMENTS The Consolidated Financial Statements of the Company prepared in accordance with the relevant Accounting Standards (AS) viz. AS 21, AS 23 and AS 27 etc. issued by the Institute of Chartered Accountants of India, form part of this Annual Report. DIVIDEND No dividend has been recommended for the financial year 2014-2015. EXTRACT OF ANNUAL RETURN An extract of the Annual Return of the Company as at March 31, 2015, as drawn up in the prescribed form MGT-9 is annexed hereto as Annexure B. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES During the year under review Fama Power Company Limited ceased to be the subsidiary of the Company. A report on the performance and financial position of each of the subsidiaries, in the form AOC-1, as per the Companies Act, 2013 is provided as an annexure to the consolidated financial statement and hence not repeated here for the sake of brevity. The Company does not have any associate company and further, with the exception of a few majority owned subsidiaries all its other subsidiaries are wholly owned. As regards the majority owned subsidiaries, it may be noted that such subsidiaries are not engaged inany project or venture so as to be termed as joint ventures. The Company's Policy on material subsidiaries may be accessed on the Company's website at the link <http://www.rattanindia>. com/investors.htm PARTICULARS OF EMPLOYEESAND RELATED DISCLOSURES The information required pursuant to Section 197 of the Act read with Rule 5(2) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as to the names and other particulars of the employees drawing remuneration in excess of the stipulated limits, will be provided upon request. In terms of Section 136 of the Companies Act, 2013, the Report and Accounts are therefore being sent to the Members and others entitled thereto, excluding the said information on employees' particulars. However in addition to any member interested in obtaining such information, being provided with a copy of the statement containing such information, as indicated in the foregoing para, the same is available for inspection by the Members at the Registered Office of the Company during business hours on working days of the Company up to the date of the ensuing Annual General Meeting. The Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are however being provided in Annexure C, to this Report. VIGILMECHANISM The Company has a well- defined and well operated vigil mechanism in place, effectuated through a whistle Blower Policy, which provides for reporting by the employees, of violations if any of various laws, rules, regulations as also any unethical conduct and for the Directors to report their concerns, to the management, so that the required remedial actions can be initiated in the right earnest. To guard against the victimization of the persons using the vigil mechanism, the Whistle Blower Policy of the Company makes provision for their direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases. The Whistle Blower Policy is available on the website of the Company i.e.www.rattanindia.com at the link <http://www.rattanindia>. com/investors.htm GENERAL: Your Directors state that no disclosure or reporting is required in respect of the following items, as there were no transactions/ development on these items during the year under review: 1. Details relating to deposits covered under Chapter V of the Companies Act, 2013. 2. Issue of equity shares with differential rights as to dividend, voting or otherwise. 3. Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and except the employee stock option schemes in force in the Company, referred to in this report. 4. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company's operations in future. 5. Neither the Managing Director nor the Whole-time Director of the Company received any remuneration or commission from any of subsidiary of the Company. However, Mr. Rajiv Rattan who was an Executive Director of the Company till March 7, 2015 and thereafter non-executive director, recieved remuneration from Elena Infrastructure and Power Limited a subsidiary of the Company as its employee, without being on the Board of Directors of such company. EMPLOYEE STOCK OPTIONS The Year under review has seen the Company acquire an entirely new dimension in its business journey, with the 1350 MW Phase-I of its Amravati Thermal Power Plant achieving complete commercial operation, which paves the way for it to become a full- fledged revenue generating entity. Your directors recognize that commercialization of the Phase-I was not a mean feat and more importantly that it is solely the tireless efforts of the dedicated employees the Company, which has made this possible. Even otherwise the Company has as an essential ingredient of its work policy and work culture, looked upon its employees as being vitally important in its growth and development and therefore believes that the employee growth and development should be commensurate with that of the Company, towards which end it has as one of the several employee welfare measures effectuated therein, several employee stock option schemes in place namely (i) RattanIndia Power Limited Employee Stock Option Plan 2008 (formerly known as SPCL-IPSL Employee Stock Option Plan, 2008) (ii) RattanIndia Power Limited Employee Stock Option Scheme-2009 (formerly known as Indiabulls Power Limited Employee Stock Scheme 2009) and (iii) RattanIndia Power Limited Employee Stock Option Scheme-2011 (formerly known as Indiabulls Power Limited Employee Stock Option Scheme-2011), together covering nine million stock options convertible into an equivalent number of equity shares of face value Rs. 10 in the Company. The applicable disclosures as stipulated under the SEBI Guidelines as on March 31, 2015 (cumulative position) with regard to the Employees' Stock Option Scheme- Securities And Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, are provided as Annexure D to this Report. MANAGEMENT DISCUSSION AND ANALYSIS REPORT Management's Discussion and Analysis Report for the year under review, as stipulated under clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming part of the Annual Report. CORPORATE GOVERNANCE REPORT Pursuant to clause 49 of the Listing Agreements with the Stock Exchanges, a detailed report on Corporate Governance is included in the Annual Report. A Practicing Company Secretary's Certificate certifying the Company's compliance with the requirements of Corporate Governance in relation to clause 49 of the Listing Agreement, is attached with the Corporate Governance Report. AUDITORS & AUDITORS' REPORT M/s Deloitte Haskins & Sells, Chartered Accountants, (Registration no.117365W), Auditors of the Company, were in compliance with the provisions of Section 139 of the Companies Act, 2013 read with the Companies (Audit And Auditors) Rules, 2014 appointed as the Statutory Auditors of the Company for the financial year 2014-15 to the financial year 2018-19 so as to hold office as such from the conclusion of the Annual General Meeting held for the financial year 2013-2014, on September 30, 2014 i.e. the seventh annual general meeting, till the conclusion of the twelfth Annual General Meeting, i.e. the Annual General Meeting held for the financial year 2018-19, subject to the ratification of such appointment by the shareholders in the annual general meeting for each such financial year. There being no reservation, qualification or adverse remark in the Auditors' Report, no explanation on part of the Board of Directors is called for. AUDIT COMMITTEE The Audit Committee comprises of three members namely, Mr. Narayanasany Jeevagan an Independent Director as the Chairman and Mr. Debashis Gupta an independent director and Mr. Rajiv Rattan a non-independent director, as the other two members. All the recommendations made by the Audit Committee, as to various matters, during the year under review, were accepted by the Board. COST AUDITORS The Board has appointed M/s Nisha Vats & Co., Cost Accountants as the cost auditors for conducting the audit of cost records of the Company for the financial year 2014-15. SECRETARIAL AUDITOR & SECRETARIAL AUDIT REPORT The Board has appointed M/s S. Khandelwal & Co, Practicing Company Secretaries, to conduct Secretarial Audit for the financial year 2014-15. The Secretarial Audit Report for the financial year ended March 31, 2015 is annexed herewith marked as Annexure E to this Report. The Secretarial Audit Report does not contain any reservation, qualification or adverse remark. DIRECTORS' RESPONSIBILITY STATEMENT As required under Section 134 of the Companies Act, 2013, your Directors confirm that: 1. in the preparation of the annual accounts, the applicable accounting standards had been followed and that there are no material departures from the same; 2. the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2015 and the loss of the Company for the year ended on that date; 3. the Directors had taken proper and sufficient care for maintaining of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; 4. the Directors had prepared the Annual Accounts of the Company on a 'going concern' basis; 5. the Directors had laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and were operating effectively; and 6. the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively. PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORKPLACE The Company as part of the RattanIndia Group is an equal opportunity employer and believes in providing opportunity and key positions to women professionals. It has been the endeavor of the Group to encourage women professionals by creating proper policies to tackle issues relating to safe and proper working conditions for them and create and maintain a healthy and conducive work environment, free of discrimination on any basis including gender and any form of sexual harassment. The policies in place in the Company towards this end, have ensured that there is no instance of sexual harassment in the Company and thus no cases were filed against any person, pursuant to the Sexual Harassment (Prevention, Prohibition and Redressal) Act, 2013, during the year under review. LISTING WITH STOCK EXCHANGES The shares of the Company continue to remain listed with BSE Limited and National Stock Exchange of India Limited. The Listing fee payable to the said stock exchanges for the financial year 2015-2016 has been paid. GREEN INITIATIVES Electronic copies of the Annual Report and the notice of the eighth AGM are being sent to all such members whose e-mail addresses are registered with the Company/ its Registrar and Transfer Agent. To the other members physical copies of the Annual Report and Notice of the eighth AGM are being sent through the permitted modes of dispatch. However members who have received the said documents in electronic mode but seek physical copies of the same, can send their requests to the Company Secretary. The e-voting facility is being provided to the members to enable them to cast their votes electronically on all resolutions set forth in the notice, pursuant to Section 108 of the Companies Act, 2013 read with Companies (Management and Administration) Amendment Rules, 2015. The instructions for e-voting are provided in the notice. ACKNOWLEDGEMENT Your directors wish to express their sincere gratitude to the investors, bankers, financial institutions, governmental authorities and the employees of the Company for their continued assistance and support which has enabled the company to finally reach a stage in its operational journey where its dreams are about to turn into a reality with the commercialization of its 1350 MW Phase-I Amravati Thermal Power Plant and it is hoped that the faith they have reposed in the Company and its directors shall enable the Company to transcend all barriers and establish itself as one of the leading suppliers of power in the private sector. For and on behalf of Board of Directors Sd/- Rajiv Rattan Chairman Date: September 1, 2015 Place: New Delhi |