KPTL/18-19 October 31, 2018

To, BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street, Fort MUMBAI - 400 001. Listing: l1ttp 1/llstlng.bselndta.com

K A A ... f-ARJO .. ) KALPATARU POWER TRANSMISSION LIMITED Factory & Registered Ofice :

Plot No. 101. Pot- Ill, G.I.D.C. Estate, Sector-28.

Gondhinogor-382 028. Gujorot.lndio.

Tel.: +91 79 232 14000

Fox: +91 79 232 11951/52/66/71

E-mail : mktg@kolpotorupower.com

CIN : L40100GJ1981PL C004281

Security Code : 956002, 956436, 957041,958269 and 958270

Sub.: Cetificate pursuant to Regulation 52(4) and 52(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations")

Respected Sir(s),

Pursuant to Regulation 52(4) and 52(5) of the SEBI Regulations, we enclose herewith the Certificates of Vistra ITCL (India) Limited and Axis Trustee Services Limited, Debenture Trustees with respect to Standalone Unaudited Financial Results for the quarter and half year ended 301h

September, 2018.

We request you to take the note of the same.

Thanking you,

Yours faithfully, For Kalpataru Power Transmission Limited

Company Secretary

ISO 9001 CERTIFIED COMPANY Corporate Oice: 81. Kolpotou Synergy, Opp. Grand Hyatt. Santacuz (E), Mumbol-40 055.1ndio.

Tel. : +91 2 3064 210 • Fx: +91 2 3064 250 • ww.kolpotoupower.com

October 31, 2018

To,

Mr. Rahul Shah

Company Secretary & Compliance Oficer, Kalpataru Power Transmission Limited, Plot No. 101, Part III, GIDC Estate, Sector - 28, Gandhi Nagar, Gujarat, 382028

Dear Sir,

Sub: Certiicate of Debenture Trustee under Regulation 52(5) of SEBI (LODR) Regulations, 2015

for September 30, 2018

In compliance of the requirements of Chapter V, Regulation 52, Sub- Regulation ( 4) and (5) of SEBI

(Listing Obligation and Disclosure Requirements) Regulations, 2015 for Non - Convertible Debt

Securities we would like to state as under:

We, Vistra ITCL (India) Limited, are acting as a Debenture Trustee for the Unsecured, Rated, Listed, Redeemable, Non-Convertible Debenture issue aggregating to Rs. 300 crores of Kalpataru Power Transmission Limited (Company).

With reference to above, we have received the following documents and have noted its contents without

veriication.

1. Un-Audited Financial Results for the quarter and half year ended September 30, 2018

2. Disclosure as per Regulation 52( 4) of SEBI (Listing Obligation and Disclosure requirement),

regulations 2015.

This certificate has been signed and issued by us based on documents (as mentioned above) submitted

by you.

Thanking You.

Yours sincerely,

For Vistra ITCL (India) Limited

Place: Mumbai

Recjistered office:

The IL&FS Fimncial Centre

Plot No. C--22, G Block, 7th l'loor· Ba.ndra Kurla Complex, BanJra (East) Mumbai 400051, India

Tel +91 22 2659 3535

Fax +91 22 26')3 3297

[email: mumbai@vistra.com www.vistraitcl.com Corporate L

Vistra ITCL (India) Limited

)

A AXIS TRUSTEE ATSLIC0/18-191 58q I October 31, 2018

To, Kalpataru Power Transmission Limited Plot No. 101 Part Ill. GIDC Estate, Sector 28, Gandhinagar- 382028

Sub- Letter of Debenture Trustee pursuant to Regulation 52(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015- half year ended September 30, 2018

Dear Sir,

With reference to the privately placed Non -Convertible Debentures issued by "Kalpataru Power Transmission Limited" (Company) and listed on the Bombay Stock Exchange (BSE) (Listed Debt Securities)

Pursuant to Regulation 52(4) read with Regulation 52(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company is required to submit its half yearly I annual financial results with a letter of the Debenture Trustee (Axis Trustee Services Limited), that the Debenture Trustee has noted the contents furnished by the Company as per Regulation 52(4).

In pursuance thereof we hereby confirm that we have received the said information vide. your email dated October 31 , 2018 (enclosed herewith) along with the relevant I necessary supporting and we have noted the contents in respect of the Listed Debt security issued by the Company.

Thanking you,

Yours faithfully, For Axis Trustee Services Limited

l!:oJe:!!: Senior Manager

Encls: as above.

Axis Trustee Services limited (A wholly owned subsidiary of Axis Bank Limited)

Corporate Identity Number (CIN): U74999MH2008PLC182264 Registered Office: Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai- 400 025

Corporate Office: Axis Trustee Services Limited I The Ruby I 2nd Floor I SW 1 29 Senapati Bapat Marg I Dadar West I Mumbai - 400 028 Tel No: 022-62300451 Website: www.axlstrustee.com

Sr. P&tllculara Sopltmbtr No.

2'011 30,1017 30, :1(111 (Un11K11ed) (Unaudllod~ (Unaudited)

1 Revenue I rom aperatlons 157,410 132,4113 122.:180 289,1103 242,11611 sn,aso 2 01t1er Income 1,750 1,459 1.472 3,219 2,607 4,801 3 Tatallllcome (1•21 159,160 133,982 123,752 113,112. :US,576 SIU51 4 ElpiMII

(a) Colt of meterii111 con1umed 63,334 St,6B7 112,332 115,021 112,323 2154,160 (b) ChangH in inventories of finlahed goods an~

Work·ln-Progress (4.855) !369) (-4 ,81171 ( (2,064) (c) E~cise ~uty on sale of goods 3,730 3,730 (dl Eredion, aub-O)nlracling & other project

expensa 4!1,147

(2) Sl11letm~nl of As$elt s Uohi!IUu (Rt In llkhl l

3

4

s

8

~ .. Aa IC Mareh

f'lriiGUiafll &apetl!!bfr 31,2018 lO, JOII

(AIId!fad) (UttWdlc.d)

ASSETS

Nan-currant u .. ts (al Propt(ly plal\l and equfprnent5 53,2 10 52,027 (bJ Capll.e.l WCIIII 111 ~ren 1,:.4~ 1,686 (Cl) lntang\blo a»e~S 629 651 (cl} Flnencllll!WeiS

(I) investments 98,073 78.~9J (II) Tllldo ~vallles 9,963 e,a.e {Iii} Loans 38,117ot. ,.;1*:1\ It nat met1dal, n pann'!llad ty lllr'dll('d S.m]lllllf11pad on the fillllnQIIJ retUIII ot the q\):lllllr lind hiV·yallf tmdod Soplffmbor 30, 201811 1110 not mllona.l

The oomj)l(ly II flfii'IIIIPy ~ I tho bu II ol Englnoter.rog, l'rt>c>RIJ10R\,and ~IIUC1.oo (E,PClitlatl/lO ,\Q irlll!JI!UC:ILnl CIOrTIPIJ'~ flOW"" ff11mmin 1111 & d tltlb!AIDI1, n~IIW.r ltDI:k l.of

B S R & Co. LLP Chartered Accountants

903 Commerce House V, Neor Vodolono Hauso Prsheladnagpr, Corporate Racid, Ahmedabad 380 051 India

Telephone +91 (7914014 4800 Fax +91 17914014 4850

Limited review report on unaudited quarterly financial results :and year-to-date results ofKalpataru Power Transmission Limited pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To, Board of Directors of Kalpataru Power Transmission Limited

We have rev.ewed the accompanying statement of unaudited standalone financial results of Kalpataru Power Tmnsmission Limited ('the Contpany'} for the quarter ended 30 September 2018 and the year-to-date results for the period from I April 2018 to 30 September 2018 attached herewith, being submitted by the Company pursuant to the r¢quirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation$, 2015 ('Listing Regulations').

This statement is the re'sponsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these unaudited financial results based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, '"Review of Interim Financial Information Performed by the Independent Auditor of the Entity" specified under section 143(10) ofthe Companies Act,2013. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly. we do not express an audit opinion.

Based on our review conducted as above, no~hing has come to our attention that ca~~es us to believe that the accompanying statement of unaudited s1andalone financial results prepared in accordance with applicable accounting standards i.e. lnd AS prescribed under Section 133 of the Companies Acl, 2013 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regu lation 33 and 52 oftJ1e Listing Regulations including the manner in which it is to b< disclosed, or that It co01ains any.materlal missratemenQ

B S R & Co.LLP

The comparative financial results oftlle Company to~ the quarter and six montb:S ended 30 September 2017 and for the ~ear ended ~1 March 201.8 inctud~d in th is Sttttem~nt lJad been teviewedlaudite4 by another firm of Chartered Acoountnnts who hod expressed an unmodified opinion thereon 8$ gedheir rep()rts dateq t~ November'~ot1 M(i2$ May 20fg respec.tively. Additionally, the report of another fim1 of ¢:har1 ~red AccO\Ultan~ dated 07 )l:ugust 2018 on the financial results for the quarter ended 30 J unc 2018 which have been included in th is Stat·ement, expressed an unmodified opinion and which have been .furnished to us by the Management and J1as ):l~e n rei ied upot1 by us for lhe p1,1tpose of our review of the Statement. Our conclusion is not modified in respect of these matters.

Mumbai 31 October 2018

ForB S R & Co. LLP C arferedAccouutants

Firm's Regislralion N : I 248W/W-100022

riner Membership No.: I 05317

Ratings

KALPOWE/200025/NCD/051818841 /2 Sep1e1nber 5, 2018

Mr. Shreyan Shah VP, Finance Kalpataru Power Transmission Limited Plot no . 101 Part Ill, GIDC Sector 28 Gandhinagar- 382028

Dear Mr. Shreyan Shah,

CRISIL NFlOENTJAL An S&P Global Company

Re: CRISIL Rating on the Rs.IOO Crore Non-Convertible Debentures of Kalpataru Power Transmission Limited

All ratings assigned by CRISIL are kept under continuous surveillance and review.

Please find in the table below the rating outstanding for your company.

Instrument Rated Amount Rs. in Crore) Non-Convertible Debentures \00

In the .event of your company not making the issue within a period of 180 days from the above date, or in the event of any change in the size or stntcture of your proposed issue, a fresh letter of revalidation from CRISIL will be necessary.

As per our Rating Agreement, CRISJL would disseminate the rating along with outlook through its publications and other media, and keep the rating along with outlook under surveillance for the lite of the instrument. CRISIL reserves the right to withdraw or revise the ratings assigned to the captioned instrument at any time, on the basis of new information, or unavailability of information or other circumstances, which CRISIL believes, may have an impact on the rating.

As per the latest SEBI circular (reference number: CIR/fMD/DF/17/2013; dated October 22, 2013) on centralized database for corporate bonds/debentures, you are required to provide international securities identification number (lSfN; along with the reference number and the date of the rating letter) of all bond/debenture .issuances made against this rating letter to us . The circular also requires you to share this infonn~tion with us within?. days ~fter the allot merit ()f the ISIN. We request you to mail us all the necessary and relevant information at debtissue@crisil.com. This will enable CRISIL to verify and confirm to the depositories, including NSDL and CDSL, the ISIN details of debt rated by us, as required by SEBI. Feel free to contact us for any clarifications you may have at debtissue@crisil.com

Should you require any clarifications, please feel free to get in touch with us.

WiU1 warm regards,

Yours sincerely,

Nitesh Jain Director- CRISIL Ratings

Nivedita Shibu Associate Director- CRISIL Ratings

A CRJSIL ratinp reflects CRJSIL 's CAJrrent opmion on tile /ll

..

KPTL/18·19 May 25, 2018

BSE Limited Corporate Relationship Department Phlroze Jeejeebhoy Towers Dalal Street, Fort MUMBAI· 400 001.

Script Code: 522287

Listing: httg;/Lllstlog.bselndla.com

R A CPA --rA-~--tJ'' KALPATARU POWER TRANSMISSION LIMITED Factory &. Registered Office : Plot No. 101. Part-Ill, G.I.D.C. Estate. Sector-28. Gandhlnagar-382 028, Gujarat. India. Tel.: +91 79 232 14000 Fax: +91 79 23211951/52/66171 E-mail: mklg@kalpotarupower.com CIN: L40100GJ1981PLC0042B1

National Stock Exchange of India Ltd. 'Exchange Plaza', C-1, Block 'G', Bandra-Kurla Complex Sandra (E) MUMBAI - 400 051.

Script Code: KALPATPOWR

Listing: .. bl1ps://www.connect2nse;com/LISifiNG/

Sub.: Undertaking pursuant to Regulation 57 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Respected Sir(s),

This is to inform you that all documents and intimations required to be submitted to Debenture Trustees in terms of respective Trust deed and SEBI (Issue and Listing of Debt Securities) Regulations, 2008 have been submitted.

We request you to take the note of the same.

Thanking you,

~ah~aV~ Company Secretary

ISO 9001 CERTIFIED COMPANY

Certified True Copy

For, Kalpalaru Power Transmission Ltd.

AJ\tll C•~ JV ~ Rahul Shah

Company Secretary

Corporate Office: &1, Kalpataru Synergy, Opp. Grand Hyatt. Santacruz (E), Mumbal-400 055.1ndia. Tel. : +91 22 3064 2100 • Fax: +91 22 3064 2500 • www.kolpatcrupower.com