Forward-looking statement - India Glycols

1 Forward-looking statementAcross the pages Corporate information 1 Notice 2 Board s report 13 Management Discussion & Analysis report 35 report on Corporate Governance 43 Independent Auditors report 57 Balance Sheet 62 statement of Profit & Loss 63 Cash Flow statement 65 Notes to Standalone Financial Statements 66 Independent Consolidated Auditors report 116 Consolidated Balance Sheet 120 Consolidated statement of Profit & Loss 121 Consolidated Cash Flow statement 123 Notes to Consolidated Financial Statements 124In this annual report we have disclosed Forward-looking information to enable investors to comprehend our prospects and take informed investment decisions.

2 This report and other statements-written and oral-that we periodically make contain Forward-looking statements that set out anticipated results based on the management s plans and assumptions. We have tried wherever possible to identify such statements by using words such as anticipate , estimate , expects , projects , intends , plans , believes , and words of similar substance in connection with any discussion of future cannot guarantee that these forward looking statements will be realised, although we believe we have been prudent in assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions.

3 Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in undertake no obligation to publicly update any Forward-looking statements, whether as a result of new information, future events or otherwise. India Glycols Limited33rd annual report 2016 -17 | 1 Corporate InformationBoard of Bhartia Chairman & Managing DirectorJayshree Bhartia DirectorPradip Kumar Khaitan DirectorJitender Balakrishnan DirectorRavi Jhunjhunwala DirectorJagmohan N.

4 Kejriwal Misra Director(until 28th April, 2016 )Ashwini Kumar Sharma Nominee Rao Executive DirectorAudit CommitteePradip Kumar Khaitan Chairman( 26th May, 2016 ) Misra (until 28th April, 2016 ) Ravi Jhunjhunwala ( 14th February, 2017) Jagmohan N. RaoStakeholders Relationship CommitteePradip Kumar Khaitan Chairman( 26th May, 2016 ) Misra (until 28th April, 2016 ) Bhartia Jagmohan N. KejriwalChief Executive OfficerRakesh BhartiaChief Financial OfficerAnand SinghalCompany SecretaryAnkur JainStatutory AuditorsLodha & Co., Chartered AccountantsCost Goel & Co., Cost AccountantsBankersState Bank of IndiaAxis Bank LimitedPunjab National Bank Union Bank of India IDBI Bank Limited Registered OfficeIndia Glycols LimitedCIN: L24111UR1983 PLC009097A-1, Industrial Area,Bazpur Road, Kashipur -244 713 Distt.

5 Udham Singh Nagar, UttarakhandPhone : +91-5947-269000/269500/275320 Fax : +91-5947-275315/269535 Website : : Office3A, Shakespeare Sarani,Kolkata - 700 071 Head OfficePlot No. 2B, Sector-126, Noida - 201304 Distt. Gautam Budh Nagar,Uttar PradeshRegistrars & Transfer AgentsMCS Share Transfer Agent LimitedF-65, 1st Floor, Okhla Industrial Area, Phase-INew Delhi - 110 0202 | 33rd annual report 2016 -17 India Glycols LimitedNoticepayable to M/s. Goel & Co., Cost Accountants (Registration No. 000026), appointed by the Board of Directors of the Company to conduct the audit of the cost records of the Company for the financial year ended 31st March, 2018, amounting to `1,75,000 (Rupees One Lac Seventy Five Thousand only) plus applicable tax and out-of-pocket expenses, if any, be and is hereby approved, ratified and confirmed.

6 RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and is hereby authorized to do all acts and take all such steps and give all directions as it may in its absolute discretion deem necessary, proper or expedient to give effect to this resolution. 6. To consider and, if thought fit, to pass the following resolution as a SPECIAL RESOLUTION: RESOLVED THAT pursuant to the provisions of Section 41, 42, 62 and 71 and other applicable provisions, if any, of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Foreign Exchange Management Act, 1999 ( FEMA )

7 , Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India ) Regulations, 2000, Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 and the rules, regulations, guidelines, policies, notifications, circulars & clarifications issued / to be issued by the Government of India , Reserve Bank of India , Securities and Exchange Board of India including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ( SEBI ICDR Regulations ) and Securities and Exchange Board of India (Issue and Listing of Debt Securities)

8 Regulations, 2008, as amended, the Department of Industrial Policy and Promotion, Ministry of Commerce ( DIPP ), the Foreign Investment Promotion Board ( FIPB ), the Ministry of Finance (Department of Economic Affairs) and / or any other Regulatory / Statutory / Competent Authorities (hereinafter referred to as the Appropriate Authorities ), the Memorandum and Articles of Association of the Company and subject to such other approvals, consents, permissions and sanctions of the Appropriate Authorities and subject to such conditions and modifications, as may be prescribed by any of them while granting such approvals, consents, permissions and sanctions which may be agreed to by the Board of Directors of the Company (hereinafter referred to as the Board which shall include any Committee authorized for the purpose)

9 , the consent of the Members of the Company be and is hereby accorded to the Board to create, issue, offer and allot (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons as may be permitted), in the course of one or more domestic Notice is hereby given that the Thirty Third annual General Meeting (AGM) of the members of India Glycols Limited will be held on Friday, the 1st day of September, 2017 at 11:00 at the Registered Office of the Company at A-1, Industrial Area, Bazpur Road, Kashipur-244713, District Udham Singh Nagar, Uttarakhand to transact the following business:ORDINARY BUSINESS:1.

10 To receive, consider and adopt the audited financial statements (including the consolidated financial statements) of the Company for the financial year ended 31st March, 2017, together with the Reports of the Board of Directors and Auditors To declare dividend on equity shares for the financial year To appoint a Director in place of Shri Uma Shankar Bhartia (DIN: 00063091), who retires by rotation and being eligible, offers himself for To appoint M/s Gutgutia & Co., Chartered Accountants (Registration No.)