shriram mutual fund

SHRIRAM MUTUAL FUND

Sponsor :

Shriram Credit Company Limited

CIN : U65993TN1980PLC008215

Registered Office :Shriram House, No. 4, Burkit RoadT. Nagar, Chennai - 600 017

Trustee :

Board of Trustees

Mookambika Complex, 3rd Floor,4, Lady Desikachari Road,Mylapore, Chennai - 600 004

Asset Management Company :

Shriram Asset Management Co. Ltd.

CIN : L65991MH1994PLC079874

Registered Office :Wockhardt Towers, 2nd Floor, East Wing,C-2, G Block, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051, India

Administrative HO :CK-6, 2nd Floor, Sector IISalt Lake City, Kolkata - 700 091

Custodian :

Stock Holding Corporation of India Ltd.

Registered Office :301, Center PointDr. B. Ambedkar Road, ParelMumbai - 400 012

Statutory Auditors :

M/s. CHOKSHI & CHOKSHI LLPChartered Accountants15/17, Raghavji ‘B’ Bldg, Ground Floor,Gowalia Tank, Off Kemps Corner,Mumbai - 400 036, India

Registrar & Transfer Agent :

Computer Age Management Services Pvt. Ltd.Registered Office :New No.10,Old No.178,M.G.R.Salai, Nungambakkam,Chennai - 600 034

Board of Trustees :

Mr. S. Krishnamurthy - Chairman - Board of Trustees

Dr. Qudsia Gandhi - (Independent Trustee)

Mr. S. M. Prabakaran - (Independent Trustee)

Mr. V. N. Shiva Shankar - (Independent Trustee)

Mr. Mani Sridhar - (Independent Trustee)

Board of Directors :

Mr. Prabhakar Dattarraya Karandikar– Independent - (Chairman)

Mr. Akhilesh Kumar Singh– Associate - (Managing Director)

Mr. Rangaswamy Sundara Rajan– Associate Director

Mr. Dhruv Lalit Mehta– Associate Director

Mr. Arindom Mukherjee– Independent Director

Mrs. Jayashree Mahesh– Associate Director

Mr. Kshiti Ranjan Das– Independent Director

Mrs. Chandra Iyengar– Independent Director

SHRIRAM MUTUAL FUND

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SHRIRAM MUTUAL FUNDSHRIRAM MUTUAL FUND

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TRUSTEE REPORT

REPORT OF THE BOARD OF TRUSTEES OF SHRIRAM MUTUAL FUND FOR THE FINANCIAL YEAR 2017-18

Dear Unit holder,

The Board of Trustees presents its annual report and the audited financial statements of the Schemes of ShriramMutual Fund (the “Fund”), for the year ended March 31, 2018.

SHRIRAM MUTUAL FUND

Shriram Mutual Fund is a part of the India’s leading financial services conglomerate, ‘Shriram Group’, a name toreckon with in the financial services sector for the past 3 decades.

Shriram Group’s businesses strive to serve the largest number of common people. With an excellent array of happyinvestors, a brand that resonates ‘trust and reliability’, an employee strength of over 60,000 across 3000 offices, withnet profit of Rs. 22 billion with assets under management in excess of Rs.90,000 Crores, an ever-growing customerbase of over 12 million, with a strong and successful low-cost delivery model, “Shriram” is today the most “trusted”brand name in this target market as well as a Financial Services conglomerate poised for attaining greater heights inthe near future.

The Shriram group’s foray into Mutual Fund business has been done with the restart of the business of Shriram MutualFund and thereafter launch of hybrid scheme “ Shriram Equity and Debt Opportunities Fund” on November 29, 2013.The Fund follows a robust investment process that encapsulates profitability, business attractiveness, competitivepositioning, balance sheet strength, management track record, corporate governance, valuations etc. The schemehas an AUM of Rs. 42.73 cr. with a retail investor base of 4462 as on March 31, 2018.

Since inception there has been a cumulative dividend payout of Rs.2.45 per unit on a face value of Rs 10.

Scheme Performance, Future Outlook and Operations of the Schemes

(1) PERFORMANCE OF THE SCHEMES FOR THE PERIOD ENDED MARCH 31, 2018

The performance of our maiden Scheme Shriram Equity and Debt Opportunities Fund as on March 31, 2018 isgiven below.

Scheme Returns for 1 year Returns for 3 years Returns since inception #

Regular Plan - Growth 8.71 5.99 10.97

Direct Plan - Growth 9.40 6.66 11.63

Benchmark Returns % @ 9.76 7.59 12.29

# Date of Inception/Allotment 29th November, 2013

Above returns are compounded annualized (CAGR)

@ Benchmark Index 70% of Nifty Plus 30% CRISIL Composite Bond Fund Index. In Benchmark Nifty value is takenas Total Return Index.

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparisonwith other investments.

(2) FUTURE OUTLOOK OF THE FUND

Shriram Equity & Debt Opportunities Fund, launched in November 2013, delivered return of 10.97% (at the endof March 2018 on a CAGR basis) since inception accompanied by lower levels of volatility.

In FY18, the market improved at a slower pace compared with the previous fiscal year as Nifty went up 10.2%compared with 18.5% in FY17. The performance in FY18 was dampened by the lingering impact of disruptivereforms like demonetization and GST. This apart, the market lost pace during the year due to factors includinginitiation of potential global trade war with imposition of tariffs on several metal imports by US; widened currentaccount deficit in the December quarter; and global weakness following the Federal Reserve’s first rate hike ofthe year.

SHRIRAM MUTUAL FUND

The buoyancy of mutual fund investment can be gauged by the fact that mutual fund SIP accounts grew by 52%(70 lakh) to 2.05 crore in FY18. Meanwhile, the average monthly SIP contribution for the industry stood at Rs6,425 crore from 2.05 crore SIP accounts during the year. Better penetration into smaller towns and fallinginterest rate in bank FDs attracted more investors into mutual funds. As a result, asset base of the mutual fundindustry surged to over Rs.23 lakh crore in FY18. Overall addition in the last year was 32 lakh investors, while thetotal number of folios grew by 1.05 crore or 26% during the period

Despite an expected earnings recovery in FY19, the market is likely to be disturbed by key macro factors such asthe ongoing global trade conflict, U.S. Fed rate hikes and political developments in an election-heavy year.However, factors that could drive upside include resolution in key NCLT assets, government measures that issupportive of consumption demand, projection of a normal monsoon and, lastly, recovery of industrial capex.The Nifty P/E is attractively valued at 17.4x, slightly above the historical average of 17.0x. India’s market-cap-to-GDP is at a seven-year high of 86%, above its long-term average.

(3) OPERATIONS OF THE SCHEMES

A brief commentary on the operations and performance of open ended scheme is as follows,

Shriram Equity and Debt Opportunities Fund

Realty stocks were the top gainer during the year mostly due to government’s approval for the enhancement ofthe carpet area of houses for the middle-income group category under the Pradhan Mantri Awas Yojana-Urban.It was followed by IT owing to value buying and a possible sectoral turnaround in the near term. Pharma stockswere the biggest loser during the year as it has been under pressure owing to higher rice erosion in base products,delay in US FDA approval of key products, increased competition and customer consolidation.

The sluggish pace of equity market during the year could also be somewhat correlated to the year over yeardecline in liquidity infusion by FII during the fiscal year. FII poured in nearly Rs.26,000 crore into the equitymarket during FY18 compared with ~Rs.55,703 crore in the prior fiscal year. However, mutual funds industrycontinued to support the market, infusing Rs.1,37,624 crore into equities during FY18, which was more thandouble compared to ~Rs.55,000 crore in FY17.

In this backdrop Shriram Equity and Debt Opportunities Fund scheme has endeavoured to earn the trust andgoodwill of its investors through a pragmatic and long term approach, in accordance with the Shriram Group’sphilosophy of consistency, durability and security. Stock selection has been done based on impeccablefundamentals in the form of low financial leverage, strong and capable managements, and businesses that wereanchored in strong brands in growing developed and regulated markets and largely from the large cap basket tomaintain the quality criteria and strong liquidity. Thus, retail investors would do well to maintain their exposure tolarge liquid and high quality stocks through regular small investments for sustainable growth that will outpaceinflation.

(4) BACKGROUND OF TRUST, SPONSORS, BOARD OF TRUSTEES and AMC :

A. Shriram Mutual Fund :Shriram Mutual Fund (“the Mutual Fund” or “the Fund” or “the MF”) had been constituted as a Trust inaccordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) vide a Trust Deed dated May27,1994 as amended from time to time. The said Trust deed has been duly registered under the IndianRegistration Act, 1908. The Fund was registered with SEBI vide registration number MF/017/94/4 datedNovember 21, 1994. The Trust has been formed for the purpose of pooling of capital from the public forcollective investment in securities / any other property for the purpose of providing facilities for participationby persons as beneficiaries in such properties/ investments and in the profits / income arising there from.

B. Sponsor :Shriram Mutual Fund is sponsored by Shriram Credit Company Ltd (SCCL), a Shriram Group Company,Chennai. The sponsor is the settler of the Mutual Fund Trust. The sponsor has entrusted a sum of Rs. 1Lakh to the Trustees as its contribution towards the corpus of the Mutual Fund. Shriram Credit CompanyLtd (SCCL) formerly known as Swastik Credit Company Limited is a Non deposit Non-Banking FinanceCompany registered with Reserve Bank of India. The company was incorporated in 1980. It is engaged inboth investment and lending activities.

SHRIRAM MUTUAL FUND

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SHRIRAM MUTUAL FUND

Shriram Credit Company Limited operates as a subsidiary of Shriram Capital Limited. Currently, the Companyis engaged in the following activities in addition to acting as the Sponsor of SAMCL :

To lend money on securities, movable or immovable properties.

To make strategic investments and to act as the holding company of the broking, distribution, wealthand asset management companies.

C. Board of Trustees :

Shriram Board of Trustees (“the Trustee”) shall discharge its obligations as Trustees of the Shriram MutualFund. The Trustee ensures that the transactions entered into by Shriram Asset Management CompanyLimited (AMC), are in accordance with the SEBI (Mutual Fund) Regulations, 1996. (“Regulations”) and willalso review the activities carried on by the AMC.

Details of the Trustees on the Board of Trustees :

Name Age Qualification Brief Experience

SHRIRAM MUTUAL FUND

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B.A., MLS, CAIIB,P.G., Diploma inP/M & IR, BGL

B.Com (Hons)

B.Com., B.L.,A.C.S, AICWA

M.A. (MadrasUniversity) andM.A. (ManchesterUniversity, UK)

Mr. S. Krishnamurthy 79 YearsChairman - Board of Trustees

Mr. S. M. Prabakaran 79 Years

(Independent)

Mr. V. N. Shiva Shankar 48 Years(Independent)

Dr. Qudsia Gandhi 66 Years(Independent)

Mr. S. Krishnamurthy is a Senior Banker withextensive experience of over four decades withthe Reserve Bank of India and CommercialBanks. He served as General Manager (Vigilance& Inspection/Audit) in Indian Overseas Bank,Chennai for five years. He was also the Chairmanand CEO of Tamilnad Mercantile Bank Ltd.Tuticorin, for over five years. He had held the postof Banking Ombudsman about two years.He is presently on the Board of other corporatecompanies as Director.

Mr. S. M. Prabakaran has 30 years of experiencein the Banking Industry. He worked as GeneralManager, Branch Manager, and Chief ExecutiveOfficer of various branches of SBI.

Mr. V. N. Shiva Shankar is a Legal & SecretarialConsultant for Corporates. He was Head of Legal,Secretarial & Business Process outsourcing for7 years. He is a member on the Boards of othercompanies as Director.

Dr. Qudsia Gandhi is a retired IAS Officer. Dr.Gandhi has worked in senior positions withvarious organizations like Tamil Nadu PowerFinance Corporation, Tamil Nadu OverseasManpower Corporation as Chairman, ManagingDirector and as Addl. Chief Secretary/CMDrespectively. She was awarded the Best WomanIAS officer for the year 2009-10. Adjudged,International Woman of the year in the field ofeducat ion by the Internat ional Women’sOrganization. She holds an Honorary Doctoratein Divini ty by Gurukul Universi ty for hercontribution to betterment of Society. She is onthe Boards of other companies as Director.


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Mr. Mani Sridhar is an M.Com. from MadrasUniversity. He has an overall experience of 27years in finance and financial services field. Mr.Sridhar was associated with Madras StockExchange Limited as a registered member andperformed various financial activities viz. stockbroking, investment advisory services etc.Presently, Mr. Sridhar is on the Board of TurnbullsInvestment Consultancy (P) Ltd. and has beenhandling various key functions like investmentadvisory services to Corporate, High Networthindividuals, Private placement of unlisted andstart-up companies, Loan syndication etc.

Dr. Mani Sridhar 57 Years(Independent)

M.Com. (MadrasUniversity)

Name Age Qualification Brief Experience

D. Asset Management Company

Shriram Asset Management Company Limited, a company incorporated under the Companies Act, 1956on July 27 1994, having its Registered Office at Wockhardt Towers, 2nd Floor, East Wing, C-2, G Block,Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 is the Asset Management Company of ShriramMutual Fund. It had been appointed as the Investment Managers of the Mutual Fund vide an InvestmentManagement Agreement, dated – September 16, 1994 and as amended from time to time and executedbetween the Shriram Board of Trustees and Shriram Asset Management Company.

The Investment Manager was approved by SEBI to act as the AMC for the Fund vide letter No. IIMARP/2336/94 dated November 21, 1994.

Change in Composition of Board Members :

During the year under review, Mr. Kalayanaraman Chandrachoodan resigned as an Independent Directorfrom the Board of AMC w.e.f. August 09, 2017.

At present, 50% of the Directors on the Board of the AMC are independent Directors who are not anassociate of, or associated in any manner with the sponsor or any of its subsidiaries or the Board ofTrustees.

Investors may note that the Full Annual Report of the scheme shall be disclosed on the website(www.shriramamc.com) 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 said Annual Report on payment of nominal fees and the text of the relevant Scheme.

Further, the annual report of the AMC, Shriram Asset Management Company Limited, shall also be disclosedon the website (www.shriramamc.com) and the unit holders, if they so desire, may also request for a copyof the said annual report of AMC at a price,

The Balance Sheet as at 31st March, 2018 and the Revenue Account for the year ended 31st March, 2018for the various scheme/s are annexed to this Report.

(5) INVESTMENT OBJECTIVE OF THE LIVE SCHEME :

Shriram Equity and Debt Opportunities Fund (An open-ended hybrid scheme investing predominantly in equityand equity related instruments) :

The investment objective of the Scheme would be to generate long term Capital appreciation and current incomewith reduced volatility by investing in a judicious mix of a diversified portfolio of equity and equity relatedinvestments, debt and money market instruments.

SHRIRAM MUTUAL FUND

Note : Risk is represented as :

i. Low - Principal at low risk

ii. Moderately Low - Principal at moderately low risk

iii. Moderate - Principal at moderate risk

iv. Moderately High - Principal at moderately high risk

v. High - Principal at high risk

Riskometer

Low

Moderately

Low

Moderate ModeratelyHigh

High

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(6) SIGNIFICANT ACCOUNTING POLICIES :

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

(7) UNCLAIMED REDEMPTIONS & DIVIDENDS :

Shriram Mutual Fund had launched 5 Close ended/ Interval schemes during the years 1994, 1995, 1996 and1997 and all these Schemes have been wound up during 2000 & 2001. The trustees of Shriram Mutual Fund hadalso duly submitted their report on winding up to SEBI earlier. The AMC had attended to redemption payments intime. AMC had made immediate arrangements for payment of redemption amount to the concerned unit holdersfollowing the decision to wind up the schemes. In fact, excepting a very small percentage, who has not claimedtheir redemption amounts so far, all other unit holders under the respective Schemes have been duly paid theredemption amount. Even with regard to this very small percentage of outstanding unit holders, regular follow upis being made to locate them and to effect the payments.

Summary of No. of Investors & Corresponding amount as at March 31, 2018 :

Name of the Scheme Unclaimed Redemptions Unclaimed Dividends

Amount No. of Amount No. of( ) Investors ( ) Investors

Risk Guardian 95 24,087 9 NIL NIL

Tax Guardian 95 176,175 164 NIL NIL



Interval Fund 97 17,346 14 NIL NIL

Shriram Equity and Debt Opportunities Fund NIL NIL 11306.33 4

This product is suitable for investors who are seeking* :

• Long term capital appreciation and current income

• Investment in equity and equity related securities as well as fixed income securities (debt and moneymarket securities)

• Moderately High risk

*Investor should consult their Financial Advisers if in doubt about whether the product is suitable for them.


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(8) STATUTORY INFORMATION :

(a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of theFund beyond their initial contribution (to the extent contributed) of Rs.1 Lakh for setting up the Fund, andsuch 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 withfluctuations in the market value of its underlying investments.

(c) Full Annual Report is available on the website (www.shriramamc.com) and shall be available for inspectionat the Head Office of the mutual fund. Present and prospective unit holder can obtain copy of the trustdeed, the full Annual Report of the Fund / AMC at a price.

(9) INVESTOR SERVICES :

In order to improve and enhance investor services Shriram Mutual Fund provides communication through variousmodes (email service, phone call etc.) for the investor to directly contact the relationship officer for quick resolutionof their queries. Investors can subscribe units of the scheme/s electronically through the Stock exchange (BSE)offered BSE STAR Platform and hold them in the Demat account in a seamless fashion. They can also downloadthe application form the website www.shriramamc.com and submit directly to the RTA office or Administrative fornew subscriptions. These facilities are for assuring best of services to existing investors who have alreadyinvested and those prospective investors who are keen to invest in the mutual fund scheme.

Details of Investor Complaints : The Fund is prompt in redressing all complaints / requests received from theinvestors. The Statement on Status of Redressal of Complaints received against Shriram Mutual Fund during thefinancial year 2017-18 is annexed and forms part of the Trustee Report as Annexure I.

The NAV particulars of the scheme as on 31st March, 2018 as well as the details of dividends declared duringthe period under review are as under :-

Shriram Equity and Debt Opportunities Fund :

Plan / Option wise per unit Net Asset Values (NAV) as on March 31, 2018 and Dividend details for the year endedMarch 31, 2018 are as follows :

Scheme Description NAV per unit (Rs.) Dividend Per Unit (Rs.)

Regular Growth Plan 15.7045 NA

Regular Dividend Plan 12.5547 NIL

Direct Growth Plan 16.1145 NA

Direct Dividend Plan 12.8091 NIL

NA - Dividend option not applicable for scheme / plan / option

Past performance may or may not be sustained in future.

For, SHRIRAM MUTUAL FUND

ChairmanDate : 27th April, 2018Place : Chennai


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VOTING POLICY OF SHRIRAM MUTUAL FUND

Background

We, Shriram Asset Management Company Limited, act as an asset management company (“Investment Manager”)to the schemes of Shriram Mutual Fund (“Fund”). As an Investment Manager we have a fiduciary responsibility to actin the best interest of the unit holders of the Fund. This responsibility includes exercising voting rights attached to thesecurities of the companies in which the schemes of the Fund invest (“Investee Company”) at the general meetingsof the Investee Companies in the best interest of the unit holders. In terms of the Securities and Exchange Board ofIndia (“SEBI”) circular no. SEBI/ IMD/ CIR No. 18 / 198647/ 2010 dated March 15, 2010, we have framed the generalvoting policy and procedures for exercising the voting rights (“Voting Policy”). This Voting Policy shall be applicable toall equity holdings across all our mutual fund schemes.

Philosophy of Voting Policy

The Investment guidelines for the schemes of the Fund inter-alia are generally to invest in companies which haveacceptable standards of effective management, follow corporate governance norms and have sound fundamentals.Accordingly, as the decision to invest is generally an endorsement of sound management practices of the InvesteeCompanies, the Investment Manager may generally attend and/or vote with the management of the Investee Companyon routine matters. However, when the Investment Manager believes that the interest of the shareholders of an InvesteeCompany will be prejudiced by any proposal, then the Investment Manager will attend and/or vote against such pro-posal.

The fund managers shall review all voting proposals routine as well as non routine items but shall ensure that nonroutine items like change in the state of incorporation, merger and other corporate restructuring, changes in capitalstructure, stock options, appointment and removal of directors, etc are identified and voted in the manner designed tomaximize the value of the unit holders. Exceptionally, for such matters, the Investment Manager may also decide toabstain from voting where it has insufficient information or there is a conflict of interest or the Investment Managerdoes not have a clear stance on the proposal.

Although the Investment Manager will generally vote in accordance with the Voting Policy, but may act differently if therelevant facts and circumstances so warrant. Hence, the Investment Manager may deviate from the Voting Policyguidelines when it determines that the deviation is necessary to protect the interests of the unit holders.

Investment Manager is an affiliate of a large, diverse financial services organization with many affiliates, which maylead to situation creating conflicts of interest. Conflicts of interest may arise in certain situations, where :

The Investee Company is a client of Investment Manager and/or its affiliates;

In certain cases, wherein any affiliates of the Investment Manager are lender to the Investee Company;

The Investee Company is a seller whose products or services are important to the business of InvestmentManager and/or its affiliates;

The Investee Company is an entity participating in the distribution of investment products advised or administeredby the Investment Manager and/or any of its affiliates.

However, the Investment Manager will make its best efforts to avoid such conflicts and ensure that any conflicts ofinterest are resolved in the best interests of unit holders.

In cases where investments are in group companies of the Investment Manager or where the Investee Companieshave substantial investments in the Schemes of the Fund, the Investment Manager shall specifically review all votingproposals routine as well as non routine and take decisions with respect to voting on such proposals in the bestinterest of the unit holders. The Investment Manager may also decide to abstain from such voting, if it deems fit to doso in the best interest of the unit holders or if there is a conflict of interest.

Voting Guidelines

Corporate governance issues are diverse and continually evolving. Whilst it is difficult to provide an exhaustive list ofsuch issues, the following guidelines/policies reflect what Investment Manager believes to be good corporate gover-nance measures and the stance it may generally take with respect to the below matters :


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(i) Corporate Governance Matters : Investment Manager supports resolutions like change in state of incorporation,merger and other corporate restructuring, which are in the interest of the unit holders of the Fund. Investmentmanager will analyze various economic and strategic factors in making the final decision on a merger, acquisitionor any other corporate restructuring proposals. However, Investment Manager will vote against resolutionspertaining to takeover by an acquirer, etc. which are against the interest of the unit holders. Investment Managerwill consider, on a case to case basis, proposals to rotate auditors, and will vote against the ratification ofauditors when there is convincing evidence of accounting irregularities or negligence.

(ii) Changes to Capital Structure : Changes in capitalization will generally be supported where a reasonable need forthe change is demonstrated. Investment Manager will review on a case to case basis, proposals by companiesto increase authorized shares and the purpose for the increase. Investment Manager believes that a company’sdecisions pertaining to financing has a material impact on its shareholders, in particular when they involve theissuance of additional shares or the assumption of additional debt. However changes resulting in excessivedilution of existing shareholder value will not be supported.

(iii) Stock option plans and other proposals pertaining to management compensation : The Investment Managerwould support such remuneration proposals, which are tied to achieving long-term performance and enhancingshareholder value. Stock option plans that are excessively generous or dilute other shareholders’ value will notbe supported.

(iv) Social and Corporate responsibility : In light of the increasing need for fair disclosures, a growing need for socialand corporate responsibility, the Investment Manager’s responsibility increases. Investment Manager shall votein favor of such matters which are believed to have significant socio-economic benefits.

(v) Board of Directors : The Investment Manager believes in philosophy of having an independent board of directorsas the same is a key to complying with good corporate governance norms. Investment Manager would supportan independent board of directors, and the key committees such as audit, IPO and remuneration committeesetc. to be comprised of independent members.

Review and control

The voting guidelines and the actual exercise of proxy voting by the Investment Manager will be reviewed periodicallyby the management either through a committee or otherwise. The management will review the proxy voting required asper the voting policy and actual exercise of proxy votes. Further, Management will also review the process of exerciseof proxy votes and governance.

Disclosure of Voting Policy and Exercise of Proxy Votes

This Voting Policy is accessible on our website www.shriramamc.com and would also be available in our annual reportfrom the financial year 2013-14 onwards.

Disclosure of exercise of proxy votes in equity holdings across all schemes of the Fund (in the prescribed format) shallbe accessible on our website. The same would also be disclosed in the annual report from the financial year 2013-14onwards.

(a) Further, on an annual basis, AMCs shall obtain certification on the voting reports being disclosed by them. Suchcertification shall be obtained from a “scrutinizer” in terms of Rule 20 (3) (ix) of Companies (Management andAdministration) Rules, 2014 and any future amendment/s to the said Rules thereof. The same shall be submittedto the trustees and also disclosed in the relevant portion of the Mutual Funds’ annual report & website.

b) Board of AMCs and Trustees of Mutual Funds shall review and ensure that AMCs have voted on importantdecisions that may affect the interest of investors and the rationale recorded for vote decision is prudent andadequate. The confirmation to the same, along with any adverse comments made by the scrutinizer, shall bereported to SEBI in the half yearly trustee reports.

The Voting Policy of Shriram Mutual Fund was approved by the Board of Trustees of Shriram Mutual Fund in theirmeeting held on 7th August, 2012 ( Latest version got approved on 27th April, 2017.).

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Details of Votes cast during the Financial year 2017-2018

Investeecompany’s

ManagementRecommen-

dation

Vote(For/

Against/Abstain)

Type ofmeetings

(AGM/EGM)

CompanyName

Proposal byManagement

orShareholder

Proposal’s descriptionQuarter MeetingDate

09.05.17 For

For

PostalBallot

Zee Enter-tainment Ltd.

Management

Management

Resolution approving Composite Scheme of Arrangement pursuant toSection 230 to 233 and other applicable provisions of Companies Act,2013 among Reliance Big Broadcasting Private Limited; and Big MagicLimited; and Azalia Broadcast Private Limited; and Zee EntertainmentEnterprises Limited; and their respective Shareholders and Creditors.

Special Resolution to consider and approve buyback of up to 3,50,00,000(Three crores fifty lacs) fully paid-up Equity Shares of Rs. 2/- each of theCompany at a price of Rs. 1,000/- (Rupees One thousand only) per EquityShare payable in cash for an aggregate amount of up to Rs. 3,500 crores(Rupees Three thousand five hundred crores only), on a proportionatebasis from the equity shareholders / beneficial owners of the Equity Sharesof the Company, through the “Tender Offer” route as prescribed under theSecurities and Exchange Board of India (Buy Back of Securities)Regulations, 1998, and in accordance with the Companies Act, 2013 andthe Rules made thereunder.

Special Resolution for increasing the ceiling limit on total holdings of FIIsand FPIs through primary or secondary route to such percentage as theBoard may decide from time to time not exceeding 49% of the paid-upequity capital of the Bank.

Special Resolution for issuing securities specified in the said Resolution,in one or more tranches, up to 6,20,00,000 Equity Shares of Rs.5/- each,by way of a public issue or a private placement or a rights issue, includinga qualified institutions placement.

ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OFASSOCIATION.

ISSUE OF BONUS SHARES IN PROPORTION OF 1:10 i.e. 1 (ONE)EQUITY SHARE OF RS 2/- EACH FOR EVERY 10 (TEN) FULLY PAID-UP EQUITY SHARES HELD (INCLUDING SHARES UNDERLYING ADS)

ALTERATION OF ARTICLE OF ASSOCIATION

AMENDMENT OF THE EMPLOYEE STOCK OPTION SCHEME.

Apr-Jun2017

Reason supportingthe vote decision

Favourable BusinessDecision.

In favour ofthe proposal


12.05.17 PostalBallot

HCLTechnologies

Ltd.

Apr-Jun2017

Favourable businessdecision as EPS willincrease owing toreduced number ofoutstanding equi tyshares.

ForManagement In favour ofthe proposal

09.05.17 EGMKotakMahindraBank Ltd.

Apr-Jun2017

Beneficial to existingshareholders.

For Favourable BusinessDecision.


Management

ForManagement In favour ofthe proposal


ICICI Bank Ltd.

Apr-Jun2017

The proposedchanges do not alterthe prospects of thecompany’s ability todeliver shareholdervalue.

For The issue of bonusshares is to capitalizethe reserves anddoes not changefundamental value ofthe company.


Management

For The proposedchanges do not alterthe prospects of thecompany’s ability todeliver shareholdervalue.


Management

For Issue ESOP for longterm benefits for theemployees.Certainchanges are requiredas per regulations.


Management

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Mahindra &Mahindra Ltd.

Resolution approving Scheme of Arrangement pursuant to sections 230to 232 read with section 52 of the Companies Act,2013 and otherapplicable provisions, if any, of the Companies Act,2013 and theCompanies Act, 1956, as may be applicable, between Mahindra TwoWheelers Limited (“Demerged Company”) and Mahindra & MahindraLimited (“Resulting Company”) and their respective Shareholders andCreditors

Increase in Borrowing limits from Rs. 55,000 crores to Rs. 60,000 croresunder Section 180(1)(c) of the Companies Act, 2013 (“the Act”) andcreation of charge on the assets of the Company under Section 180(1)(a)of the Act.

Issue of Secured/Unsecured Redeemable Non-Convertible Debenturesincluding Subordinated Debentures, in one or more series/tranches,aggregating upto Rs. 29,000 crores, on a Private Placement basis.

Place of keeping Registers and Index of Members, Debentureholders andcopies of Annual Returns, pursuant to the provisions of Section 94 of theAct.

Approval for the Scheme of Arrangement among Sun Pharma MedisalesPrivate Limited, Ranbaxy Drugs Limited, Gufic Pharma Limited, VidyutInvestments Limited and Sun Pharmaceutical Industries Limited and theirrespective members and creditors.

Ordinary Resolution under Section 63 and all other applicable provisions,if any, of the Companies Act, 2013, as well as rules prescribed thereunder,for Capitalization of Reserves of Rs.507,94,08,750 standing to the creditof Security Premium/Free Reserves as on 31/03/2017 and issue of BonusShares to the eligible shareholders in the ratio of 1 (One) Bonus EquityShares of Rs.10/- each for every 2 (Two) Equity Share held as on recorddate of July 12, 2017 as fixed by the Board vide its meeting held on26.05.2017.

Adoption of standalone and consolidated financial statement for theyear ended March 31, 2017

Approval of dividend on equity shares

Appoint a director in place of Mr. Ajai Kumar (DIN: 02446976), who retiresby rotation and being eligible, offers himself for re-appointment.

Ratification of appointment of M/s. B. S. R. & Co. LLP., CharteredAccountants as Auditors and fixation of remuneration thereof

Taking on record the approval accorded by Reserve Bank of India (RBI)for appointment including the terms of appointment of Mr. Ashok Chawla(DIN - 00056133) as Non-Executive Part-Time Chairman of the Bank andto approve his remuneration in terms of RBI Approval.

Approval for increase in the borrowing limits from Rs. 50,000 Crore toRs.70,000 Crore (Special Resolution)

Approval for borrowing / raising funds in Indian /foreign currency by issueof debt securities upto Rs. 20,000 Crore (the “NCDs”) to eligible investorson private placement basis (Special Resolution)

Approval for appointment of Ms. Debjani Ghosh (DIN- 07820695) as anIndependent Director (Part of Addendum notice dated May 15, 2017)

Apr-Jun2017


ForManagement Favourable businessdecision.




ForManagement In order to protect theinterest of shareholders.


Sun Pharm-aceuticalIndustries

Ltd

Apr-Jun2017




M & MFinancial

Ltd.

Apr-Jun2017




HindustanPetroleum

Corporation

Apr-Jun2017


ForManagement The issue of bonusshares is to capitalizethe reserves anddoes not changefundamental value ofthe company.

06.06.17 AGMYes BankLtd.

Apr-Jun2017


ForManagement Normal regulatoryrequirement as partof ordinary business.






ForManagement Normal course ofbusiness.









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For

ForManagement

Ordinary Resolution for issue of Bonus Shares in the ratio of One BonusEquity Share of Rs. 2/- for every Two Fully paid-up Equity Shares of Rs.2/- each, by Capitalisation of Reserves pursuant to Article 153 of Articlesof Association and Chapter IX of Securities and Exchange Board of India(Issue of Capital and Disclosure Requirements) Regulations, 2009.

Issue of Bonus shares by way of Capitalization of Reserves

To receive, consider and adopt : a. the Audited Financial Statements ofthe Company for the financial year ended March 31, 2017, together withthe Reports of the Board of Directors and the Auditors thereon; and b. theAudited Consolidated Financial Statements of the Company for thefinancial year ended March 31, 2017, together with the Report of theAuditors thereon

To confirm the payment of Interim Dividends on Equity Shares and todeclare a Final Dividend on Equity Shares for the financial year 2016 -17.

To appoint a Director in place of Ms. Aarthi Subramanian (DIN 07121802)who retires by rotation and, being eligible, offers herself for re-appointment

Appointment of Statuatory Auditors of the Company

Appointment of Mr. N. Chandrasekaran as a Director of the Company

Appointment of Mr. Rajesh Gopinath as a Director of the Company

Appointment of Mr. Rajesh Gopinath as a Chief Executive Officer andManaging Director of the Company

Appointment of Mr. N.Subramaniam as a Director of the Company

Appointment of Mr. N.Subramaniam as Chief Operating Officer andExecutive Director of the Company

Appointment of Branch Auditors

The issue of bonusshares is to capitalizethe reserves anddoes not changefundamental value ofthe company.

The issue of bonusshares is to capitalizethe reserves anddoes not changefundamental value ofthe company.


LarsenToubro Ltd.

Apr-Jun2017

Management


BharatPetroleum

Corporation

Apr-Jun2017


ForManagement Normal regulatoryrequirment as part ofordinary business.


TataConsultancy

ServicesLtd.

Apr-Jun2017




ForManagement Favourable BusinessDecision.




ForShareholder Would be favourablebusiness decision asassociated with thecompany since long.




ForManagement Would be favourablebusiness decision asassociated with thecompany since long.




ForManagement Would be favourablebusiness decision asassociated with thecompany since long.






BergerPaints India

Ltd.

Apr-Jun2017

Alteration of the Objects Clause of the Memorandum of Association ofthe Company



24.06.17 AGMInfosys Ltd.Apr-Jun2017

Adoption of financial statements

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ForManagement Declaration of dividend

Appointment of U.B. Pravin Rao as a director liable to retire by rotation

Appointment of auditors

Appointment of branch auditors

Normal regulatoryrequirement as part ofordinary business.

27.06.17 AGMAsian PaintsLtd.

Apr-Jun2017


ForManagement Normal regulatoryrequirement as part ofordinary business.







Adoption of the financial statements of the Company for the financial yearended 31st March, 2017 together with the reports of the Board of Directorsand Auditors thereon

Declaration of dividend on equity shares for the financial year ended31st March, 2017

Re-appointment of Mr. Abhay Vakil (DIN: 00009151) as a Director of theCompany

Re-appointment of Ms. Amrita Vakil (DIN: 00170725) as a Director ofthe Company

Ratification of appointment of M/s. Deloitte Haskins & Sells LLP,Chartered Accountants (Firm Registration Number 117366 W/W-100018) as Statutory Auditors of the Company

Appointment of Mr. R. Seshasayee (DIN: 00047985) as an IndependentDirector of the Company

Re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as the ManagingDirector & CEO of the Company

Ratification of remuneration payable to M/s. RA & Co. Cost Accountants(Firm Registration Number 000242), Cost Auditors, of the Company forthe financial year ending 31st March, 2018










ForShareholder Posseses requisitequalification to help inbusiness growth.





29.06.17 AGMShriramTransportCompany

Ltd.

Apr-Jun2017



Ordinary Resolution for adoption of Audited Financial Statements(Standalone and Consolidated) for the year ended March 31, 2017 andReports of the Board of Directors and Auditors thereon

Ordinary Resolution for confirmation of Interim Dividend and thedeclaration of Final Dividend on equity shares.

Ordinary Resolution for re-appointment of Mr. Gerrit Lodewyk Van Heerde(holding DIN 06870337) as Director retiring by rotation.

Ordinary Resolution for appointment of M/s. Haribhakti and Co. LLP,Chartered Accountants and M/s Pijush Gupta and Co. CharteredAccountants as Joint Auditors of the Company in place of retiring JointAuditors.

Ordinary Resolution for appointment of Mr. Umesh Revankar (holding DIN00141189) as Director.

Ordinary Resolution for appointment of Mr. Umesh Revankar (holding DIN00141189) as Managing Director and CEO and payment of remunerationto him.

Special Resolution under Section 180(1)(c) of the Companies Act, 2013for enhancement of borrowing limit upto Rs. 90,000 crore.

Special Resolution under Section 180(1)(a) of the Companies Act, 2013for enhancement of limit upto Rs. 1,12,500 crore for creation of securityon assets in respect of borrowings








ForShareholder Favourable BusinessDecision.







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ForManagement Special Resolution under Section 42 of the Companies Act, 2013authorizing Issue of Redeemable Non-Convertible Debentures (NCDs),Subordinated Debentures, Bonds or any other Debt Securities on privateplacement basis upto Rs.30,000 crore.

Ordinary Resolution for payment of commission to the IndependentDirectors of the Company.


ForManagement


ForManagement


Within applicableguidelines

Normal regulatoryrequirement as partof ordinary business.

To receive, consider and adopt the financial statements for the financialyear ended march 31, 2017 together with the reports of the directors andthe auditors.

To declare dividend on preference shares.

To declare dividend on equity shares.

To appoint a director in place of Ms. Vishakha Mulye (Din: 00203578),who retires by rotation and, being eligible, offers herself for re-appointment.

To ratify the appointment of statutory auditors of the bank.

To appoint branch auditors for the financial year ending March 31, 2018.

Ordinary resolution for appointment of Mr. Anup Bagchi (Din: 00105962)as a Director.

Ordinary resolutions for appointment of Mr. Anup Bagchi (Din: 00105962)as a wholetime director (Designated as Executive Director).

Special resolution for private placement of securities under section 42 ofthe companies act 2013.

30.06.17 AGMICICI BankLtd.

Apr-Jun2017



















30.06.17 AGMBank ofBaroda

Apr-Jun2017

To discuss, approve and adopt the Balance Sheet of the Bank as at 31stMarch 2017, Profit and Loss Account for the year ended 31st March,2017, the report of Board of Directors and Auditor’s Report thereon.

To declare dividend for the Financial Year 2016-17.

To approve raising of Equity Capital upto Rs. 6,000/- crore (includingpremium) - by Special Resolution.







07.07.17 AGMHavellsIndia Ltd.

Jul-Sep2017

Adoption of the Audited Financial Statements of the Company for theFinancial Year ended 31st March, 2017, the Reports of the Board ofDirectors and Auditors thereon and the Audited Consolidated FinancialStatements of the Company for the Financial Year ended 31st March,2017 and the Report of Auditors thereon.

Declaration of Final Dividend on equity shares for the financial yearended 31st March, 2017.

Appointment of a Director in place of Shri Rajesh Kumar Gupta (DIN00002842), who retires by rotation and being eligible, offers himself forre-appointment.

Appointment of a Director in place of Shri T. V. Mohandas Pai (DIN00042167), who retires by rotation and being eligible, offers himself forre-appointment.







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ForManagement Ratification of appointment of M/s S. R. Batliboi & Co. LLP, CharteredAccountants (Registration No. 301003E/ E300005), as the StatutoryAuditors of the Company to hold office from the conclusion of this AnnualGeneral Meeting (AGM) till the conclusion of the thirty-fifth AGM of theCompany to be held in the year 2018 and to authorise the Board ofDirectors/ Audit Committee of the Company to fix their remuneration.

Ratification of the Remuneration to be paid Cost Auditors for thefinancial year 2017-18, in terms of the Companies Act, 2013.

Appointment of Shri Vellayan Subbiah (DIN: 01138759) as an IndependentDirector of the Company to hold office for a term of 3 (Three) years witheffect from the date of this Annual General Meeting upto the conclusionof Annual General Meeting of the Company to be held in the calendaryear 2020.

Revision in terms of remuneration paid to Shri Rajesh Kumar Gupta,whole-time Director(Finance) and Group CFO.







ForManagement Inline with industrypractice.



08.07.17 AGMUPL Ltd.Jul-Sep2017

Adoption of the Audited Standalone and Consolidated FinancialStatements of the Company for the financial year ended on 31st March,2017.

Approval of dividend on equity shares for the financial year ended 31stMarch, 2017.

Re-appointment of Mr. Jaidev Rajnikant Shroff (DIN: 00191050), Non-Executive Director, who retires by rotation.

Re-appointment of Mrs. Sandra Rajnikant Shroff (DIN: 00189012), Non-Executive Vice Chairman, who retires by rotation.

Appointment of Messrs B S R & Co. LLP, Chartered Accountants, asAuditors and fixing their remuneration.

Ratification of remuneration of the Cost Auditors for the financial yearending March 31, 2018.

Special Resolution - Private placement of Non-Convertible Debentures.

Special Resolution - Approval of UPL Limited - Employees Stock OptionPlan 2017.

Special Resolution - Grant of options to the employees of theSubsidiary Company(ies) of the Company under Employees StockOption Plan 2017.










ForManagement Inline with industrypractice




ForManagement As per industrypractice for employeebenefit.





12.07.17 AGMZee Enter-tainment

EnterprisesLtd.

Jul-Sep2017

Adoption of Audited Financial Statements of the Company on a standaloneand consolidated basis for the financial year ended March 31, 2017including the Balance sheet, Statement of Profit & Loss and the Reportsof the Auditors and Directors thereon.

Confirmation of Dividend paid on Preference Shares for the financialyear ended March 31, 2017.

Declaration of Dividend of Rs 2.50 per Equity Share for the financialyear ended March 31, 2017.

Re-appointment of Mr Subodh Kumar as a Director of the Company.

Appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountantsas Statutory Auditors in place of Auditors retiring on rotational basis.









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ForManagement Ratification of remuneration payable to Cost Auditor for FY 2016-17.

Re-appointment of Mr. Manish Chokhani as Independent Director forsecond term.

Maintenance of Register of Members at the office of the Registrar & ShareTransfer Agent instead of Registered Office of the Company.

Inline with industrypractice.


ForManagement Posseses requisitequalification to help inbusiness growth.


ForManagement In order to protectthe interest ofshareholders.



08.08.17 Postal BallotSundramFasteners

Ltd.

Jul-Sep2017

Appointment of Ms.Preethi Krishna (Holding DIN:02037253) as a Non-Executive Non-Independent Director.

Adoption of the Audited Financial Statements ( including auditedconsolidated financial statements) for the financial year ended 31st March,2017, the Report of Directors’ and Auditors’ thereon.

Declaration of Dividend.

Re-appointment of Mr. D. D. Rathi, Director retiring by rotation.

Ratification of appointment of M/s. BSR & Co. LLP, CharteredAccountants, Mumbai as joint statutory auditors of the Company.

Ratification of appointment of Khimji Kunverji & Co., CharteredAccountants, Mumbai as joint statutory auditors of the Company.

Ratification of the remuneration of the Cost Auditors viz. M/s. D. C. Dave& Co., Cost Accountants, Mumbai and M/s. N. D. Birla & Co., CostAccountants, Ahmedabad for the financial year ending 31st March, 2018

Issue of Non-convertible Redeemable Debentures on private placementbasis up to an amount of Rs. 9,000 crores.



18.07.17 AGMUltratechCement

Jul-Sep2017















21.07.17 AGMAshokLeyland Ltd.

Jul-Sep2017

To receive, consider and adopt : the Audited Standalone FinancialStatements of the Company for the financial year ended March 31, 2017,together with the Reports of the Board of Directors and the Auditors thereon

To receive, consider and adopt : the Audited Consolidated FinancialStatements of the Company for the financial year ended March 31, 2017together with the Report of Auditors thereon.

To declare a dividend for the year ended March 31, 2017.

To appoint a Director in the place of Mr. Dheeraj G Hinduja who retires byrotation and being eligible, offers himself for reappointment.

To appoint Messers Price Waterhouse, Chartered Accountants LLP asStatutory Auditors, to hold office from the conclusion of this Annual GeneralMeeting until the conclusion of the next Annual General Meeting.

Appointment of Mr. Jose Maria Alapont as an Independent Director.

Ratification of Cost Auditors Remuneration for the financial year 2016-17.

Adoption of new Articles of Association of the Company in conformity withthe Companies Act, 2013.















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ForManagement Adoption of the financial statements for the year ended 31st March 2017and the Reports of the Directors and the Auditors thereon.

Declaration of dividend on equity shares for the year ended 31st March2017.

Reappointment of Mr. Mark Newman (DIN:03518417), who retires byrotation.

Reappointment of S.R. Batliboi & Co., LLP as auditors of the Bank andfixing their remuneration.

Reappointment of Prof S. Mahendra Dev (DIN:06519869) as anIndependent Director of the Bank to hold office up to 14th March 2021.

Appointment of Mr. Uday Chander Khanna (DIN:00079129) as anIndependent Director of the Bank to hold office up to 15th September 2021.

Reappointment of Mr. Uday S. Kotak (DIN:00007467) as Executive ViceChairman and Managing Director for the period from 1st January 2018 to31st December 2020.

Reappointment of Mr. Dipak Gupta (DIN:00004771) as Whole-time Directorof the Bank designated as Joint Managing Director for the period from 1stJanuary 2018 to 31st December 2020

Approval to borrow in excess of the paid up capital and free reserves butnot exceeding 60,000 crore.

Approval to issue unsecured, redeemable non-convertible debentures/bonds for an amount up to ‘5,000 crore.








20.07.17 AGMKotakMahindraBank Ltd.

Jul-Sep2017















21.07.17 AGMJul-Sep2017

Consider and adopt: Audited Financial Statement for the financial yearended March 31, 2017 and the Reports of the Board of Directors andAuditors thereon

Consider and adopt: Audited Consolidated Financial Statement for thefinancial year ended March 31, 2017 and the Report of Auditors thereon

Declaration of dividend on equity shares

Re-appointment of Smt. Nita M. Ambani, a Director retiring by rotation

Re-appointment of Shri Hital R. Meswani, a Director retiring by rotation

Appointment of Auditors and fixing their remuneration

Re-appointment of Shri Pawan Kumar Kapil as a Whole-time Director

Re-appointment of Shri Nikhil R. Meswani as a Whole-time Director

Re-appointment of Shri Yogendra P. Trivedi as an Independent Director

Re-appointment of Prof. Ashok Misra as an Independent Director

Re-appointment of Shri Mansingh L. Bhakta as an Independent Director

RelianceIndustries

Ltd.










ForManagement Normal course ofbusiness











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ForShareholder Re-appointment of Prof. Dipak C. Jain as an Independent Director

Re-appointment of Dr. Raghunath A. Mashelkar as an Independent Director

Appointment of Dr. Shumeet Banerji as an Independent Director

Alteration of Articles of Association

Ratification of the remuneration of the Cost Auditors for the financial yearending March 31, 2018

Approval of offer or invitation to subscribe to Redeemable Non-ConvertibleDebentures on private placement







ForManagement As per regulatoryrequirement for newbusinessopportunities.







19.07.17 AGMJul-Sep2017

BajajFinance Ltd.

Adoption of financial statements for the year ended 31 March 2017 andthe Directors’ and Auditors’ Reports thereon

Declaration of dividend

Re-appointment of Madhur Bajaj, director, who retires by rotation

Appointment of S R B C & CO LLP, Chartered Accountants, as auditorsand fixing their remuneration

Issue of non-convertible debentures through private placement

Payment of commission to non-executive directors for a period of five yearscommencing from 1 April 2017










ForManagement Inline with currentcorporate practice



24.07.17 AGMJul-Sep2017

Mahindra &MahindraFinancial

Services Ltd.

To receive, consider and adopt the Audited Financial Statements (includingAudited Consolidated Financial Statements) of the Company for theFinancial Year ended 31st March, 2017 and the Reports of the Board ofDirectors and Auditors thereon.

Declaration of Dividend on Equity Shares.

Re-appointment of Mr. Ramesh Iyer (DIN: 00220759) as a Director, whoretires by rotation and, being eligible, offers himself for re-appointment.

Appointment of Messrs. B S R & Co. LLP, Chartered Accountants, (ICAIFirm Registration Number 101248W/W-100022), as the Statutory Auditorsof the Company, in place of Messrs. B. K. Khare & Co., CharteredAccountants, (ICAI Firm Registration Number 105102W), the retiringAuditors of the Company and approve their remuneration.









24.07.17 AGMJul-Sep2017

HDFC BankLtd.

To receive, consider and adopt the audited f inancial statements(standalone and consolidated) of the Bank for the year ended March 31,2017 and the Reports of the Board of Directors and Auditors thereon.

To declare dividend on equity shares.

To appoint a director in place of Mr. Paresh Sukthankar (DIN 01843099),who retires by rotation and, being eligible, offers himself for re-appointment.


For Normal regulatoryrequirement as part ofordinary business.


For Favourable BusinessDecision.

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ForManagement To appoint a director in place of Mr. Kaizad Bharucha (DIN 02490648),who retires by rotation and, being eligible, offers himself for re-appointment.

Re-appointment and fixing of the remuneration of Statutory Auditors :

To appoint Mr. Srikanth Nadhamuni (DIN 02551389) as a Director of theBank.

To re-appoint Mr. Paresh Sukthankar (DIN 01843099), as DeputyManaging Director of the Bank.

To re-appoint Mr. Kaizad Bharucha (DIN 02490648), as Executive Directorof the Bank.

To re-appoint Mrs. Shyamala Gopinath (DIN 02362921) as a Part timeNon Executive Chairperson and Independent Director of the Bank.

To ratify and approve the related party transactions with HousingDevelopment Finance Corporation Limited (HDFC Limited) pursuant toapplicable provisions.

To ratify and approve the related party transactions with HDB FinancialServices Limited (HDBFSL) pursuant to applicable provisions.

Raising of additional Capital.













ForManagement In continuation of thepart of businessarrangement existingbetween HDFC Bankand HDFC





Adoption of the audited financial statement of the Corporation for thefinancial year ended March 31, 2017 together with the reports of the Boardof Directors and Auditors thereon.

Adoption of the audited consolidated financial statement for the financialyear ended March 31, 2017 together with the report of the Auditorsthereon.

Declaration of final dividend on equity shares of the Corporation.

Appointment of Ms. Renu Sud Karnad, who retires by rotation and, beingeligible, offers herself for re-appointment.

Appointment of Mr. V. Srinivasa Rangan, who retires by rotation and,being eligible, offers himself for re-appointment.

Appointment of Messrs B S R & Co. LLP, Chartered Accountants as theAuditors of the Corporation for a period of 5 consecutive years and fixingthe remuneration payable to them.

Approval to issue Redeemable Non-Convertible Debentures and or anyother hybrid instruments on a private placement basis, up to an amountnot exceeding Rs. 85,000 crore.

Approval of related party transactions with HDFC Bank Limited.

Approval for revision in the salary range of the Managing Directors andWhole-time Director of the Corporation.

Adoption of new Articles of Association of the Corporation in conformitywith the Companies Act, 2013.



26.07.17 AGMJul-Sep2017

HousingDevelopmentFinance Ltd.
















ForManagement Inline with currentcorporate practice


ForManagement As per regulatoryrequirement

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To receive, consider and adopt : (a) The audited financial statements ofthe Bank for the financial year ended 31st March 2017 and the Reports ofthe Directors and the Auditors thereon ; and (b) The audited consolidatedfinancial statements for the financial year ended 31st March 2017 andthe Report of the Auditors thereon.

Declaration of dividend on the Equity Shares of the Bank.

Appointment of a Director in place of Smt. Usha Sangwan (DIN 02609263),who retires by rotation and being eligible, has offered herself for re-appointment.

Appointment of a Director in place of Shri B. Babu Rao (DIN 00425793),who retires by rotation and being eligible, has offered himself for re-appointment

Ratification of the appointment of M/s. S. R. Batliboi & Co LLP, CharteredAccountants, Mumbai, (Registration No. 301003E/E300005) as theStatutory Auditors of the Bank to hold office as such from the conclusionof this Annual General Meeting until the conclusion of next Annual GeneralMeeting, subject to the approval of the Reserve Bank of India.

Revision in the remuneration payable to Dr. Sanjiv Misra (DIN 03075797)as the Non-Executive (Part-Time) Chairman of the Bank, with effect from18th July 2017.

Revision in the remuneration payable to Smt. Shikha Sharma (DIN00043265) as the Managing Director & CEO of the Bank, with effect from1st June 2017.

Revision in the remuneration payable to Shri V. Srinivasan (DIN 00033882)as the Deputy Managing Director of the Bank, with effect from 1st June2017.

Revision in the remuneration payable to Shri Rajiv Anand (DIN 02541753)as the Executive Director (Retail Banking) of the Bank, with effect from1st June 2017.

Revision in the remuneration payable to Shri Rajesh Dahiya (DIN07508488) as the Executive Director (Corporate Centre) of the Bank, witheffect from 1st June 2017

Borrowing / Raising funds in Indian Currency / Foreign Currency by issueof Debt Securities including but not limited to long term bonds, greenbonds, non-convertible debentures, perpetual debt instruments and TierII Capital Bonds or such other debt securities as may be permitted underthe RBI guidelines, from time to time, on a private placement basis, foran amount of upto Rs. 35,000 crore



26.07.17 AGMJul-Sep2017

AxisBank Ltd.










ForManagement Inline with currentcorporate practice.











Adoption of Audited Financial Statements (including the ConsolidatedFinancial Statements) and Reports of Directors and Auditors thereon

Declaration of Dividend for the financial year 2016-17.

Re-appointment of Mr. H. V. Goenka (DIN: 00026726) as Director of theCompany.

Appointment of Price Waterhouse Chartered Accountants LLP asStatutory Auditors of the Company.

Authority for appointment of Branch Auditors.

Ratification of remuneration payable to Cost Auditors.



26.07.17 AGMJul-Sep2017

KECInternational

Ltd.











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ForManagement Adoption of Articles of Association as per the provisions of the CompaniesAct, 2013

As per regulatoryrequirement.



26.07.17 AGMIndusindBank Ltd.

Jul-Sep2017

To receive, consider and adopt the Audited Standalone and ConsolidatedFinancial Statements for the Financial Year ended March 31, 2017,together with the Reports of the Board of Directors and Auditors thereon.

To declare Dividend on Equity Shares of the Bank for the FinancialYear ended March 31, 2017.

To appoint a Director in place of Mr. Romesh Sobti (DIN: 00031034), whoretires by rotation and, being eligible, offers himself for re-appointment.

To appoint Statutory Auditors of the Bank and authorise the Board ofDirectors to fix their remuneration.

Ordinary Resolution: Re-appointment of Mr. R. Seshasayee (DIN:00047985), as Part-time Non-Executive Chairman of the Bank.

Special Resolution: Borrowing of monies pursuant to Section 180(1)(c) ofthe Companies Act, 2013 and other applicable provisions.

Special Resolution: Issue of Long-Term Bonds / Non-ConvertibleDebentures on Private Placement Basis.






ForManagement Normal course ofBusiness.









28.07.17 AGMITC Ltd.Jul-Sep2017

To consider and adopt the Financial Statements of the Company for thefinancial year ended 31st March, 2017, the Consolidated FinancialStatements for the said financial year and the Reports of the Board ofDirectors and the Auditors.

To declare dividend for the financial year ended 31st March, 2017.

To appoint a Director in place of Mr. Suryakant Balkrishna Mainak (DIN:02531129) who retires by rotation and, being eligible, offers himself forre-election.

Appointment of Deloitte Haskins & Sells as Auditiors of the Company fora remuneration of Rs.2,95,00,000

Appointment of Mr. Zafir Alam as a Director of the Company for a periodof three yeras

Appointment of Mr. David Robert Simpson as a Director of the Companyfor a period of three years

Appointment of Mr. Ashok Malik as a Director of the Company for a periodof three years

Remuneration benefits payable to Mr.Yogesh Chander Deveshwar asChairman of the Company in accordance with the applicable provisionsof the Companies Act, 2013 and the Securities and Exchange Board ofIndia

Variation in terms of remuneration payable to Mr.Sanjiv Puri, ChiefExecutive Officer and Wholetime Director

Remuneration of Mr.P.Raju Iyer, Cost Auditor of the Company for CostRecords of ‘Paper and paperboard’ and ‘Nicotine Gum’ products for FY18at Rs.4,00,000

Remuneration of Messrs Shome & Banerjee, Cost Auditors, to audit CostRecords of products other than ‘Paper and paperboard’ and ‘Nicotine Gum’for FY18 at Rs.5,00,000























24.08.17 Postal BallotBajajFinance Ltd.

Jul-Sep2017

Issue of Securities to Qualified Institutional Buyers

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Adoption of Financial Statements and Reports of the Board of Directorsand Auditors thereon for the year ended March 31, 2017.

Adoption of Consolidated Financial Statements and Reports of theAuditors thereon for the year ended March 31, 2017.

Declaration of dividend for the Financial Year ended March 31, 2017.

Re-appointment of Mr. Ulhas N. Yargop (DIN: 00054530), as Director ofthe Company.

Appointment of M/s. B S R & Co. LLP, Chartered Accountants, [FirmRegistration No. 101248W/W-100022] as Auditors.



01.08.17 AGMTechMahindra

Ltd.

Jul-Sep2017











31.07.17 AGMShreeCements

Ltd.

Jul-Sep2017

Adoption of Audited financial statements of the Company for the financialyear ended 31st March, 2017, the reports of the Board of Directors’ andAuditors thereon.

Confirmation of payment of Interim Dividend and One-time SpecialDividend on equity shares.

To declare Final Dividend on equity shares.

Re-appointment of Shri Ramakant Sharma, Director of the Company,retires by rotation.

Appointment of M/s. Gupta & Dua, Chartered Accountants as StatutoryAuditors of the Company

Approval of the remuneration of the M/s. K.G. Goyal and Associates, CostAccountants as Cost Auditors of the Company for the financial year endingon 31st March, 2018.

Approval of re-appointment of Shri Prashant Bangur as Joint ManagingDirector of the Company for a period of five years w.e.f 1st April, 2017.

Authorization to Board of Directors for issue of Secured NonconvertibleDebentures (NCDs) through Private Placement pursuant to Section 42 &71 of the Companies Act, 2013 read with the Companies (Prospectusand Allotment of Securities) Rules, 2014.

















01.08.17 AGMJul-Sep2017

Adoption of audited financial statement including audited consolidatedfinancial statement of the Company for the financial year ended March31, 2017 together with the reports of the Board of Directors and Auditorsthereon.

Confirmation of Interim Dividends of Rs. 1.50 and Rs. 2.00 per equityshare of Re. 1 each, declared during the financial year ended on March31, 2017.

Re-appointment of Mr. Harsh Mariwala (DIN: 00210342) as a Director.

Appointment of B S R & Co. LLP, Chartered Accountants as the Auditor ofthe Company in place of the retiring Auditor, M/s. Price Waterhouse,Chartered Accountants, to hold office for a term of consecutive five yearsfrom the conclusion of the 29th Annual General Meeting till the conclusionof the 34th Annual General Meeting of the Company.

Ratification of the remuneration payable to M/s. Ashwin Solanki &Associates, Cost Accountants, Cost Auditor of the Company for thefinancial year ending March 31, 2018.

To appoint Mr. Rishabh Mariwala (DIN: 03072284) as a Non-ExecutiveDirector of the Company.

MaricoLtd.










ForShareholder No sufficient informationto take a decisive call.

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ForShareholder To appoint Mr. Ananth Narayanan (DIN: 07527676) as an IndependentDirector of the Company.

Posseses requisitequalification to help inbusiness growth.



01.08.17 AGMLupin Ltd.Jul-Sep2017



To adopt the Standalone audited financial statements including BalanceSheet as at March 31, 2017, Statement of Profit and Loss and Cash FlowStatement for the year ended on that date and reports of the Board ofDirectors and Auditors thereon.

To adopt the Consolidated audited financial statements including BalanceSheet as at March 31, 2017, Statement of Profit and Loss and Cash FlowStatement for the year ended on that date and report of the Auditorsthereon.

To declare dividend at Rs. 7.50 per equity share for the year endedMarch 31, 2017.

To re-appoint Dr. Kamal K. Sharma, as director, who retires by rotationand being eligible, offers himself, for re-appointment.

To ratify the appointment of B S R & Co. LLP, Chartered Accountants,Statutory Auditors of the Company, to hold office from the conclusion ofThirty-Fifth Annual General Meeting till the conclusion of the Thirty-SixthAnnual General Meeting and to fix their remuneration.

To ratify the remuneration payable to Mr. S. D. Shenoy, Cost Auditor, forconducting cost audit for the year ending March 31, 2018.

For increasing the limit for granting loans and/or providing guarantees/securities and/or making investments.













11.08.17 AGMTVS MotorsLtd.

Jul-Sep2017



Adoption of audited financial statements for the year ended 31st March2017.

Re appointment of Mr. Sudarshan Venu as director who retires by rotation

Re appointment of V Sankar Aiyar and Co Chartered Accountants Mumbai

Approving the payment of commission to non executive independentdirectors of the Company effective

Appointment of Mr. Rajesh Narasimhan as an Independent Director

Ratification of remuneration payable to Mr. A N Raman Practising CostAccountant as Cost Auditor for











04.08.17 AGMM & MLtd.

Jul-Sep2017

To receive, consider and adopt the Audited Financial Statement (includingAudited Consolidated Financial Statement) of the Company for theFinancial Year ended 31st March, 2017 and the Reports of the Board ofDirectors and Auditors thereon.

Declaration of Dividend on Ordinary (Equity) Shares.

Re-appointment of Dr. Pawan Goenka (DIN:00254502) as a Director, whoretires by rotation and, being eligible, offers himself for re-appointment.

Appointment of Messrs B S R & Co. LLP, Chartered Accountants (ICAI FirmRegistration Number 101248W/W-100022), as Statutory Auditors of theCompany, in place of the retiring Auditors Messrs. Deloitte Haskins & Sells,Chartered Accountants (ICAI Firm Registration Number 117364W) for a termof five years from the conclusion of the Seventy-First Annual GeneralMeeting, until the conclusion of the Seventy-Sixth Annual General Meetingof the Company to be held in the year 2022 and approve their remuneration.







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ForManagement Ratification of the Remuneration payable to Messrs D. C. Dave & Co.,Cost Accountants (Firm Registration Number 000611), appointed as theCost Auditors of the Company.

Appointment of Mr. T. N. Manoharan (DIN: 01186248) as an IndependentDirector of the Company for a term of 5 (five) consecutive yearscommencing from 11th November, 2016 to 10th November, 2021.

Appointment of Mr. Anand G. Mahindra (DIN : 00004695) as ExecutiveChairman for a period of 5 years with effect from 12th November, 2016upto and including 11th November, 2021 and approve his remuneration.

Appointment of Dr. Pawan Goenka (DIN: 00254502) as Managing Directorfor a period of 4 years with effect from 12th November, 2016 upto andincluding 11th November, 2020 and approve his remuneration.

Borrow by way of securities, including but not limited to, secured/unsecured redeemable Non-Convertible Debentures and/or CommercialPaper to be issued under Private Placement basis upto Rs.5,000 crores.

Normal course ofbusiness.





03.08.17 AGMCumminsIndia Ltd.

Jul-Sep2017







Adoption of the audited standalone financial statement of the Companyfor the Financial Year ended March 31, 2017, the reports of the Board ofDirectors and Auditors thereon.

Adoption of the audited consolidated financial statement of the Companyfor the Financial Year ended March 31, 2017 and the reports of the Auditorsthereon.

Approval of Final Dividend for the Financial Year ended March 31, 2017and to ratify the Interim Dividend declared by the Board of Directors.

Appointment of a director in place of Ms. Suzanne Wells (DIN: 06954891),who retires by rotation and being eligible, seeks re-appointment.

Ratification of appointment of Auditors to hold office from the conclusionof this Annual General Meeting till the conclusion of Company's nextAnnual General Meeting.

Appointment of Mr. Norbert Nusterer (DIN: 07640359) as a Director.

Ratification of remuneration payable to the Cost Auditors of the Companyfor the Financial Year 2017-18.

Approval on material related party transaction with Cummins Limited, UK.

Approval on material related party transaction with Tata CumminsPrivate Limited.

Payment of commission to Independent Non-Executive Directors of theCompany.














ForManagement The said transactionis not detrimental tothe interest of theCompany.




ForManagement Withing applicableguidelines



04.08.17 AGMBergerPaints Ltd.

Jul-Sep2017

To adopt the Audited Financial Statements relating to the year ended31st March, 2017 and Auditors Report and Directors Report thereon

To declare dividend

To re-appoint Mr. G S Dhingra DIN 0004868 as Director

To ratify appointment of Ms. S R Batliboi & Co. LLP ICAI Firm RegistrationNo 301003e/E300005 as auditors of the Comapny and to fix theirremuneration







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ForManagement To pay commission to Directors of the Company including IndependentDirectors,who are neither Managing Director nor Whole time Directors

To ratify the remuneration payable to the Cost Auditor for the financialYear 2017-2018.

Increase in Authorised Share Capital and consequent alteration to theCapital Clause of the Memorandum of Association

Issue of Bonus Shares

Reliance Industries Limited Employees’ Stock Option Scheme 2017(“ESOS 2017”) for employees of the Company

Reliance Industries Limited Employees’ Stock Option Scheme 2017(“ESOS 2017”) for employees of the subsidiary companies of theCompany

To receive, consider and adopt the Audited Standalone and ConsolidatedFinancial Statements for the financial year ended 31 March, 2017 andthe Reports of the Directors and Auditors thereon

To declare dividend for the financial year ended 31 March 2017.

To appoint a Director in place of Mr. A. K. Hirjee (DIN: 00044765), whoretires by rotation in terms of Section 152(6) of the Companies Act, 2013and being eligible, offers himself for re-appointment.

To ratify the appointment of M/s B S R & CO. LLP, Chartered Accountants,as Statutory Auditors of the Company.

To approve the appointment of Dr. Ajay Shah (DIN: 01141239) as anIndependent Director.

To approve the appointment of Dr. Y.S.P Thorat (DIN: 02652734) as onIndependent Director.

Inline with currentcorporate practice.




ForManagement In order to issueESOP/Bonus,increase in autho-rised share capitaland related changeswere required

01.09.17 Postal BallotRelianceIndustries

Ltd.

Jul-Sep2017


ForManagement The issue of bonusshares is to capitalizethe reserves anddoes not changefundamental value ofthe company.














ForShareholder Possesses requisitequalification to help inbusiness growth.


ForShareholder Possesses requisitequalification to help inbusiness growth.

07.08.17 AGMBritanniaIndustries

Ltd.

Jul-Sep2017



07.08.17 AGMAmara RajaBatteries

Ltd.

Jul-Sep2017

Ordinary Resolution for adoption of financial statements for the financialyear ended March 31, 2017 together with the reports of the Board ofDirectors and Auditors thereon.

Ordinary Resolution for declaration of dividend on the equity shares ofthe Company for the financial year 2016-17.

Ordinary Resolution for appointment of Mr. Raphael John Shemanski (DIN:07462586) as a Director of the Company

Ordinary Resolution for ratification of appointment of M/s. Brahmayya andCo., and M/s. Deloitte Haskins and Sells LLP as the joint statutory auditorsof the Company.

Ordinary Resolution for appointment of Mr. Trent Moore Nevill (DIN:07699463) as a Director of the Company.

Ordinary Resolution for ratification of remuneration to cost auditors forthe financial year 2017-18.











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Ordinary Resolution for Ratification of additional transactions entered intowith Mangal Industries Limited (MIL) during the FY 2016-17 andauthorising the Board to enter into agreement/contract with MIL forenhanced limits from FY 2017-18 onwards.

Special Resolution for adoption of new Articles of Association of theCompany.




ForManagement Inline with the regul-atory requirement tochange of companiesact



08.08.17 AGMEicher MotorLtd.

Jul-Sep2017

To review, consider and adopt the Audited Financial Statements (includingconsolidated financial statements) of the Company for the financial yearended March 31, 2017 together with the reports of Board of Directors andthe Auditors thereon.

To declare a dividend of Rs. 100 per equity share for the financial yearended March 31, 2017.

To appoint M/s. S R Batliboi & Co. LLP, Chartered Accountants as StatutoryAuditors of the Company.

To consider and approve payment of remuneration to Mr. Siddhartha Lalas Managing Director.

To consider and ratify remuneration of Cost Auditor payable for thefinancial year 2016-17.

Adoption of Financial Statements.

Declaration of dividend.

Appointment of Mr. Nari Genomal as a Director.

Appointment of Mr. Ramesh Genomal as a Director.

Ratification of Appointment of Auditor.

Re-appointment of Mr. B C Prabhakar as an Independent Director.

Appointment of Mr. Vedji Ticku as a Director.

Appointment of Mr. Vedji Ticku as an Executive Director & ChiefExecutive Officer.

Appointment of Mr. V S Ganesh as a Director.

Appointment of Mr. V S Ganesh as an Executive Director - Manufacturing& Operations.

Remuneration under Section 197(1) of the Companies Act, 2013.






ForManagement Inline with industrypractice.

























10.08.17 AGMPageIndustries

Ltd.

Jul-Sep2017



11.08.17 AGMTVS MotorsLtd.

Jul-Sep2017

Adoption of audited financial statements for the year ended 31st March2017

Re appointment of Mr Sudarshan Venu as director who retires by rotation

Re appointment of V Sankar Aiyar and Co Chartered Accountants Mumbai




ForManagement Normal course ofBusiness.

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ForManagement Approving the payment of commission to non executive independentdirectors of the Company effective

Appointment of Mr Rajesh Narasimhan as an Independent Director

Ratification of remuneration payable to Mr A N Raman Practising CostAccountant as Cost Auditor for

Inline with currentcorporate practice







18.08.17 AGMLIC HousingFinance Ltd.

Jul-Sep2017

Ordinary Business : To receive, consider and adopt the audited financialstatement of the Company for the financial year ended 31st March, 2017,together with the reports of the Board of Directors and Auditors thereon;and the audited consolidated financial statement for the financial yearended 31st March, 2017 together with the report of the Auditors thereon.

Ordinary Business : To declare Dividend on Equity Shares for thefinancial year 2016-17.

Ordinary Business : To appoint a Director in place of Ms. Usha Sangwan,-DIN 02609263 who retires by rotation and being eligible, offers herselffor re-appointment.

Ordinary Business : Ratification of continuation of Joint Statutory Auditors,M/s. Chokshi and Chokshi, LLP and M/s. Shah Gupta and Co., fromconclusion of twenty eight AGM till conclusion of twenty ninth AGM.

Special Business : Special Resolution for issuance of Redeemable Non-Convertible Debentures and / or other hybrid instruments on a privateplacement basis.

Special Business : Ordinary Resolution for appointment of Shri Vinay Sah(DIN 02425847) as the Managing Director and CEO of the Company.

Special Business : Ordinary Resolution for appointment of IndependentDirector, Shri Jagdish Capoor (DIN-00002516) of the Company.

Special Business : Ordinary Resolution for appointment of Non-ExecutiveDirector, Ms. Savita Singh (DIN-01585328) of the Company.
















ForManagement As per industrypractice forshareholders benefit

08.09.17 Postal BallotYes BankLtd.

Jul-Sep2017

Sub-division of 1 (one) Equity Share of face value of Rs.10/- each fullypaid up into 5 (five) Equity Shares of Rs.2/- each fully paid up

Alteration of Capital Clause of Memorandum of Association

Adoption of audited financial statements for the year ended March 31,2017 and the Reports of the Board of Directors and Auditors thereon andthe audited consolidated financial statements of the Company and thereports of the auditors thereon for the year ended March 31, 2017.

Dividend on equity shares for the financial year 2016-17.

Appoint Mr. Sushobhan Sarker (DIN:0088276) as a Director liable toretire by rotation.

Appoint Mr. Shailendra Roy (DIN:02144836)as a Director liable to retireby rotation.

Appoint Mr. R. Shankar Raman (DIN:00019798)as a Director liable toretire by rotation.


ForManagement The proposedchanges do not alterthe prospects of thecompany's ability todeliver shareholdervalue.



22.08.17 ACMLarsen andToubro Ltd.

Jul-Sep2017









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ForShareholder Re-appoint Mr. Subodh Bhargava (DIN:02255382)as an IndependentDirector.

Appoint Mr. S.N. Subrahmanyan (DIN: 02255382)as the Chief ExecutiveOfficer and Managing Director of the Company.

Appoint Mr. Jayant Damodar Patil (DIN:01252184)as a Director liable toretire by rotation.

Appoint Mr. Arvind Gupta (DIN:00090360)as a Director liable to retire byrotation.

Appoint Mr. Jayant Damodar Patil (DIN:01252184)as a Whole-timeDirector of the Company.

Raise funds through issue of convertible bonds and/or equity sharesthrough depository receipts and including by way of Qualified InstitutionPlacement (‘QIP‘),to Qualified Institutional Buyers (‘QIB‘)for an amountnot exceeding Rs.4000 Crore or US $600 million, whichever is higher.

Issue listed/unlisted secured/unsecured redeemable non-convertibledebentures, in one or more series/tranches/currencies, aggregating upto Rs.6000 crore.

Ratification of appointment of M/s. Deloitte Haskins & Sells LLP asStatutory Auditors of the Company.

Ratification of remuneration payable to M/s R. Nanabhoy & Co. CostAccountants (Regn. No.00010) for the financial year 2017-18.


















Approval of Scheme of Amalgamation of Asian Paints (International)Limited with Asian Paints Limited

To receive, consider and adopt (a) the Audited Financial Statement of theCompany for the Financial Year ended March 31, 2017 together with theBoard’s Report and the Auditors’ Report thereon; and (b) the AuditedConsolidated Financial Statement of the Company for the Financial Yearended March 31, 2017 together with the Auditors’ Report thereon.

To appoint a Director in place of Dr Ralf Speth (DIN: 03318908),who retiresby rotation and being eligible, offers himself for reappointment.

Appointment of B S R & Co. LLP, Chartered Accountants as StatutoryAuditors of the Company.

Appointment of Mr Natarajan Chandrasekaran (DIN: 00121863) as aDirector.

Appointment of Mr Om Prakash Bhatt (DIN: 00548091)as anIndependent Director.

Re-appointment of Mr Satish Borwankar (DIN: 01793948) as ExecutiveDirector and Chief Operating Officer and payment of remuneration.

Payment of Remuneration to the Cost Auditor.

Offer or invite for Subscription of Non-Convertible Debentures on privateplacement basis.

Approval of Scheme of Amalgamation of Spectrum Infotech Private Limited(“Transferor Company”) with Larsen & Toubro Limited (“TransfereeCompany”)

Adoption of financial statement including consolidated financial statement,Report of the Board of Directors and Auditors for the financial year ended31st March, 2017

Declaration of Final Dividend for the Financial Year 2016-2017



13.09.17 Postal BallotAsian PaintsLtd.

Jul-Sep2017



22.08.17 AGMTata MotorsLimited

EQ New NPPFV Rs. 2/-

Class A

Jul-Sep2017

















21.08.17 Postal BallotLarsen andToubro Ltd.

Jul-Sep2017



24.08.17 AGMSundaramFasteners

Limited

Jul-Sep2017



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ForManagement Re-appointment of Ms Arundathi Krishna as a Director, who retires byrotation

Appointment of M/s B S R & Co. LLP, Chartered Accountants, Chennai asStatutory Auditors and fixing their remuneration

Approval of remuneration payable to the Cost Auditors for the financialyear ending 31st March, 2018

Adoption of audited financial statements of the Company together withthe reports of Board of Directors and Auditors thereon and auditedconsolidated financial statements of the Company for the year ended 31stMarch 2017.

Declaration of dividend on Equity Shares.

Re-appointment of Shri N K Parekh as a Director.

Re-appointment of Shri A N Parekh as a Director.

Ratification of appointment of M/s. Deloitte Haskins & Sells as StatutoryAuditors.

Ratification of payment of remuneration to M/s. V J Talati & Co., CostAuditors.

Adoption of new Articles of Association of the Company.

To receive, consider and adopt the Audited Standalone Balance Sheet asat March 31, 2017, Statement of Profit and Loss and Cash Flow Statementfor the financial year ended March 31, 2017 and reports of Directors andAuditors thereon.

To receive, consider and adopt the Audited Consolidated Balance Sheetas at March 31, 2017, Statement of Profit and Loss and Cash FlowStatement for the financial year ended March 31, 2017 and report ofAuditors thereon.

To confirm the first interim dividend of Rs.1.25 and second interim dividendof Rs.1.25 in aggregate Rs.2.50 per equity share of Re. 1 each, as dividendfor the year 2016-17.

To appoint a Director in place of Mr. P. Sarath Chandra Reddy, who retiresby rotation and being eligible, seeks re-appointment.

To appoint a Director in place of Dr. M. Sivakumaran, who retires byrotation and being eligible, seeks re-appointment.

To appoint M/s. B S R & Associates LLP, Chartered Accountants asStatutory Auditors of the Company in place of M/s. S.R. Batliboi &Associates LLP, Chartered Accountants and fix their remuneration.

Re-appointment of Mr. P.V. Ramprasad Reddy, Director of the Companyas Managing Director designated as Executive Chairman of AurobindoPharma USA Inc., a Wholly Owned Subsidiary of the Company.

Appointment of Mr. Rangaswamy Rathakrishnan Iyer as anIndependent Director.

To revise the remuneration of Mr. N. Govindarajan, Managing Director ofthe Company.

To receive, consider and adopt the audited financial statements (includingthe consolidated financial statements) of the Company for the year ended31st March 2017.








11.08.17 AGMPidiliteIndustries

Ltd.

Jul-Sep2017















31.08.17 AGMAurobindoPharma Ltd.

Jul-Sep2017
















ForManagement Inline with industrypractice



05.09.17 AGMMaruti SuzukiIndia Ltd.

Jul-Sep2017

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ForManagement To declare dividend on equity shares.

To appoint a director in place of Mr. Toshihiro Suzuki, who retires byrotation and being eligible, offers himself for re-appointment.

To appoint a director in place of Mr. Shigetoshi Torii, who retires by rotationand being eligible, offers himself for re-appointment.

To ratify the appointment of Auditors and fix their remuneration.

To re-appoint Mr. Shigetoshi Torii as a Whole-time Director designatedas Director (Production).

To appoint Ms. Renu Sud Karnad as an Independent Director.

To ratify the remuneration of the Cost Auditor, M/s. R.J. Goel & Co., CostAccountants.

To adopt a new set of Memorandum and Articles of Association of theCompany in conformity with the Companies Act, 2013.

To receive, consider and adopt (a) the Audited Financial Statements ofthe Company for the financial year ended 31st March, 2017 (b) the AuditedConsolidated Financial Statements of the Company for the financial yearended 31st March, 2017; and the Reports of the Board of Directors, theStatutory Auditors and the Comments of the Comptroller & Auditor Generalof India thereon.

To confirm the payments of Interim Dividends on Equity Shares and todeclare Final Dividend on Equity Shares for the Financial Year ended31st March, 2017.

To appoint a Director in place of Shri Ramesh Srinivasan, Director (DIN:07164250), who retires by rotation and being eligible, offers himself forre-appointment.

To authorize the Board of Directors of the Company to fix the remunerationof the Joint Statutory Auditors of the Company for the Financial Year 2017-18, in terms of the provisions of Section 139(5) read with Section 142 ofthe Companies Act, 2013

Appointment of Shri Rajkumar Duraiswamy as Director and Chairman &Managing Director

Appointment of Shri Vishal V Sharma as an Independent Director

Appointment of Shri Paul Antony as Government Nominee Director

Appointment of Shri Sivakumar Krishnamurthy as Director (Finance)

Approval of Private Placement of Non-Convertible Bonds/Debentures and/or other Debt Securities

Approval of Material Related Party Transactions

Approval of Remuneration of the Cost Auditors for the Financial Year2017-18

Adoption of audited Financial Statements and audited consolidatedfinancial statements of the Company for the year ended 31st March, 2017and Report of the Board of Directors and Auditors















ForManagement Inline with normalregulatory requirement



12.09.17 AGMBharatPetroleum

CorporationLtd.

Jul-Sep2017























12.09.17 AGMGail IndiaLtd.

Jul-Sep2017

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ForManagement Approval of Final Dividend for the financial year ended 31st March, 2017and to confirm the payment of Interim Dividend already paid in February,2017

Appoint a Director in place of Dr. Ashutosh Karnatak, who retires byrotation, and being eligible, offers himself for re-appointment

Authorization to the Board of Directors to fix the remuneration of the JointStatutory Auditors for FY 2017-18

Approval for appointment of Shri Dinkar Prakash Srivastava asIndependent Director, not liable to retire by rotation

Approval for appointment of Dr Anup K Pujari as Independent Director,not liable to retire by rotation

Approval for appointment of Shri P.K. Gupta as Director (HR), liable toretire by rotation

Approval for appointment of Shri Gajendra Singh as Director (Marketing),liable to retire by rotation

Approval for ratification of remuneration of the Cost Auditors for FY 2016-17 and authorization to the Board of Directors to fix the remuneration forFY 2017-18.

Approval for Material Related Party Transactions with Petronet LNGLimited for FY 2017 -18

Increase in Authorized Share Capital of the Company

Issue, consolidate, re-issue of the debt securities

Approval for Private Placement of Securities

Consider and adopt financial statements (including consolidated financialstatements) together with Director and Auditors report for the year endedMarch 31, 2017.

Ordinary Resolution seeking approval for re-appointment of Mr. AnkitSaraiya (holding DIN: 02771647) retiring by rotation, as Director underthe provisions of the Companies Act, 2013.

Ordinary Resolution seeking approval for appointment of M/s. Singhi andCo. Chartered Accountants, (Firm Registration No. 302049E) as StatutoryAuditors of the Company.

Ordinary Resolution seeking approval for appointment of Dr. RajendraPrasad Singh (holding DIN: 00004812) as an Independent Director u/s149 and 152 of the Companies Act, 2013.

Approval for the Buyback of Equity Shares of the Company.

Appointment of D. Sundaram as Independent Director.

Appointment of Nandan M. Nilekani as Non-Executive, Non-Independent Director.

Appointment of U. B. Pravin Rao as Managing Director.

Normal regulatoryrequirment as part ofordinary business.







12.09.17 AGMTechnoElectric &

EngineeringCo. Ltd.

Jul-Sep2017

31


























ForManagement Favourable businessdecision as EPS willincrease owing toreduced number ofoutstanding equityshares.

10.07.17 Postal BallotInfosys Ltd.Jul-Sep2017







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ForManagement To receive, consider and adopt the audited Financial Statements of theCompany for the year ended on March 31, 2017.

To declare a dividend for the financial year ended 31st March, 2017

To appoint a Director in place of Shri K. D. Tripathi (DIN 07239755) whoretires by rotation and being eligible offers himself for re-appointment

To appoint a Director in place of Shri Subir Purkayastha (DIN 06850526)who retires by rotation and being eligible offers himself for re-appointment.

To appoint a Director in place of Shri D. K. Sarraf (DIN 00147870) whoretires by rotation and being eligible offers himself for re-appointment

To appoint Statutory Auditors, fix their remuneration

To appoint Shri G. K. Satish (DIN 06932170) as director

To appoint Shri T. Natarajan (DIN 00396367) as director

To appoint Shri D. Rajkumar (DIN 00872597) as director

To ratify remuneration of Cost Auditors

Approval to enter into Related Party Transactions*.

To appoint Shri Subhash Kumar (DIN. 07905656) as Director (Finance)

To extend the tenure of Rajender Singh (DIN 06435374) as Director(Technical)

To increase the FII/FPI shareholding limits from 30% to 40%

Ordinary Business : To receive, consider and adopt the Audited FinancialStatement of the Corporation for the Financial Year ended March 31, 2017and Reports of the Board of Directors and Auditors thereon.

Ordinary Business : To confirm interim Equity dividends declared forFinancial Year 2016-2017 and to approve Final Equity Dividend for theFinancial Year 2016-2017

Ordinary Business : To appoint a Director in place of Shri SandeepPoundrik (DIN01865958), who retires by rotation and being eligible, offershimself for reappointment.

Ordinary Business : To appoint a Director in place of Shri J. Ramaswamy(DIN06627920), who retires by rotation and being eligible, offers himselffor reappointment.

Special Business : Appointment of Shri S. Jeyakrishnan (DIN07234397)as Director of the Corporation.

Special Business : Appointment of Shri Vinod S. Shenoy (DIN07632981)as Director of the Corporation.

Special Business : Appointment of Smt. Asifa Khan (DIN07730681) asIndependent Director of the Corporation.

Special Business : Appointment of Shri G.V. Krishna (DIN01640784) asIndependent Director of the Corporation.








07.09.17 AGMPetronetLNG Ltd.

Jul-Sep2017




















ForManagement Beneficial to existingshareholders.









15.09.17 AGMHindustanPetroleum

CorporationLtd.

Jul-Sep2017









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ForShareholder Special Business : Appointment of Dr. Trilok Nath Singh (DIN07767209)as Independent Director of the Corporation.

Special Business : Payment of Remuneration to Cost Auditors forFinancial Year 2017-2018.

Special Business : Approval for Material Related Party Transactions.

Special Business : Borrowing of Funds upto Rs.6000 crores throughissue of Debentures / Bonds etc.

Adoption of Financial Statements.

Re-appointment of Mr. Sudhindar Krishan Khanna as Director.

Ratification of the appointment of Statutory Auditors.

Re-appointment of Mr. Shiv Nadar as the Managing Director of theCompany.

Appointment of Mr. Deepak Kapoor as an Independent Director of theCompany.

Adoption of financial statements for the year ended 31 March 2017.

Confirmation of interim dividend(s) and declaration of final dividend.

Re-appointment of retiring Director, Mr Nataraj Krishnappa.

Appointment of Mrs Anandi Ramalingam as Director.

Appointment of Mr M V Gowtama as Director.

Appointment of Mr. R N Bagdalkar as Director.

Ratification of remuneration of Cost Auditor.

Approval for the Issue of Bonus Shares.

To receive, consider and adopt the Audited Financial Statements(including Consolidated Financial Statements) of the Company for thefinancial year ended 31st March, 2017, the Reports of the Board ofDirectors and Auditors thereon.

To note the payment of interim dividend and declare final dividend forthe Financial Year 2016-17.

To appoint a Director in place of Shri Ravi P. Singh (DIN 05240974),who retires by rotation and being eligible, offers himself forre-appointment.










21.09.17 AGMHCLTechnologies

Ltd.

Jul-Sep2017











20.09.17 AGMJul-Sep2017

BharatElectronics

Ltd.














ForManagement The issue of bonusshares is to capitalizethe reserves anddoesn not changefundamental value ofthe company.



19.09.17 AGMJul-Sep2017

Power GridCorporation

India Ltd.





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To fix the remuneration of the Statutory Auditors for the Financial Year2017-18.

To approve the appointment of Shri K. Sreekant (DIN 06615674) as aDirector liable to retire by rotation.

To approve the appointment of Shri Prabhakar Singh (DIN 01391766)as a Director liable to retire by rotation.

To approve the appointment of Shri Tse Ten Dorji (DIN: 03469466) asan Independent Director.

To approve the appointment of Smt. Jyotika Kalra (DIN: 07179640) as anIndependent Director for a period from 16th February, 2017 to 6th April,2017.

Ratification of remuneration of the Cost Auditors for the Financial Year2017-18

Enhancement of Borrowing Limits from Rs.1,50,000 Crore to Rs.1,80,000Crore.

To raise funds up to Rs.20,000 Crore, from domestic market through issueof secured / unsecured, non-convertible, non-cumulative/cumulative,redeemable, taxable / tax-free Debentures/Bonds under Private Placementduring the Financial year 2018-19 in up to twenty tranches/offers.

To alter the Objects Clause of the Memorandum of Association of theCompany in line with the provisions of Companies Act, 2013.

To alter the Articles of Association of the Company in line with theprovisions of Companies Act, 2013.

To consider and adopt the audited Financial Statements of the Companyfor the Financial Year ended on March 31, 2017 and the Reports of theBoard of Directors and Auditors thereon.

To confirm the interim dividend of Rs 8.00 per equity share, already paidand to declare the final dividend of Rs 11.00 per equity share for theFinancial Year ended on March 31, 2017.

To appoint a Director in place of Mr. Akhil Mehrotra (DIN:- 07197901) whoretires by rotation at this meeting and being eligible, offers himself forre-appointment.

To appoint Statutory Auditors and fix their remuneration.

To approve remuneration of the Cost Auditor for the Financial Year endingon March 31, 2018.

To appoint Mrs. Radhika Haribhakti (DIN:02409519), as an IndependentDirector of the Company.

To re-appoint Mr. Jainendar Kumar Jain (DIN: 00066452), as anIndependent Director of the Company.

To re-appoint Ms. Susmita Sengupta (DIN: 06825311), as a Whole TimeDirector of the Company.

To appoint Mr. Virendra Nath Datt (DIN: 07823778) as Non-ExecutiveDirector of the Company.

To appoint Mr. Sunil Porwal (DIN: 03500367) as Non-Executive Directorof the Company.

To approve Material Related Party Transactions.


















ForManagement As per regulatoryrequirement.


ForManagement As per regulatoryrequirement.



25.09.17 AGMJul-Sep2017

MahanagarGas Ltd.










ForShareholder Normal course ofbusiness.











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Adoption of audited financial statements (including audited consolidatedfinancial statements) of the Company and the reports of the Board ofDirectors and Auditors thereon for the financial year ended March 31, 2017

Declaration of dividend on Equity Shares

Re-appointment of Mr. Sailesh T. Desai (DIN: 00005443), who retires byrotation and being eligible offers himself for re-appointment

Re-appointment of Mr. Israel Makov (DIN: 05299764), who retires byrotation and being eligible offers himself for re-appointment

Appointment of Statutory Auditors and to fix their remuneration

Ratification of Remuneration of Cost Auditors for the financial year2017-18

Appointment of Mr. Kalyanasundaram Subramanian (DIN: 00179072) asDirector, liable to retire by rotation

Appointment of Mr. Kalyanasundaram Subramanian (DIN: 00179072) asWhole-time Director, without remuneration

Special Resolution for re-appointment and remuneration of Mr. Dilip S.Shanghvi (DIN: 00005588) as Managing Director

Approval of material related party transactions with a related party.

Adoption of audited Annual Financial Statements for the Financial Year2016-2017

To confirm the already paid two Interim Dividends on equity sharesduring the financial year 2016-17 as final dividend

Reappointment of SrI P.S.R.K. Prasad (DIN: 07011140) as a Directorliable to retire by rotation

Appointment of Statutory Auditors for the Financial Year 2017-18

Reappointment of Sri V C Nannapaneni (DIN: 00183315) as Chairmanand Managing Director

Reappointment of Sri Rajeev Nannapaneni, (DIN: 00183872) as ViceChairman and Chief Executive Officer

Reappointment of Dr.A.K.S.Bhujanga Rao, (DIN: 02742637) as Directorand President (R & D and Tech.)

Reappointment of Sri P.S.R.K.Prasad,(DIN: 07011140) as Director andExecutive Vice President (Corporate Engineering Services)

Reappointment of Dr. D. Linga Rao, (DIN: 07088404), as Director &President (Tech. Affairs)

Ratification of Remuneration of Cost Auditors

To consider giving of one-time incentive to Working Directors onaccount of good performance of the company.

Approval of NATCO Employee Stock Option Scheme-2017 (NATSOP-2017) under SEBI (Share Based Employee Benefits) Regulations, 2014

Resolution for approving the Scheme of Merger and Arrangement between Tata MotorsLimited company and TML Drivelines Limited and their respective shareholders underSections 230 to 232 and other applicable provisions of the Companies Act, 2013.





26.09.17 AGMSun Pharma-ceutical

Ltd

Jul-Sep2017



















28.09.17 AGMJul-Sep2017

NatcoPharma Ltd.




















ForManagement Nothing objectionable.





15.11.17 NCLTOct-Dec2017

Tata MotorsLtd.

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Ammendment of article of Articles of Association of the company by wayof insertion of new Article 32 to carry out consolidation and re-issuanceof non-convertible debt securities.

Special Resolution for Re-appointment of Shri S. S. Rao as anIndependent Director of the Company.

Special Resolution for Re-appointment of Prof. V. Ranganathan as anIndependent Director of the Company.

Special Resolution for Re-appointment of Shri Santosh Kumar Bajpai asan Independent Director of the Company.

Appointment of Mr. Srinivas Phatak as Whole-time Director of theCompany with effect from 1st December, 2017

Further Issue of Securities.

Reappointment of Ms. Arundathi Krishna (Holding DIN 00270935) asDeputy Managing Director from 18th September, 2018

Approval of the appointment of Sri Heramb R Hajarnavis (Holding DIN01680435) as a Non-Executive Independent Director of the Company fromSeptember 20, 2017

Issue of Non-Convertible Debentures upto Rs.500 crores on privateplacement basis

Increase in limits for investment in the equity share capital of the Companyby Registered Foreign Portfolio Investors including Foreign InstitutionalInvestors from 30% to 40%.

Approval for buyback of shares

Raising of additional equity share capital through Qualified InstitutionsPlacement / American Depository Receipts Program / through any otherpermissible mode

Approval of Related Party transaction relating to issue of equity sharesto the Promoters on a preferential basis.

Issue of equity shares to the Promoters on a Preferential basis.

Ordinary Resolution – Increase in the Authorised Share Capital andconsequent amendment to the Memorandum of Association of theCorporation.

Special Resolution – Issue of equity shares on a preferential basis.

Special Resolution – Issue of equity shares on a Qualified InstitutionsPlacement basis





12.12.17 Postal BallotShriramTransport

Finance Ltd.

Oct-Dec2017

















05.12.17 Postal BallotIndraprasthaGas Ltd.

Oct-Dec2017

08.12.17 Postal BallotHindustanUnilever Ltd.

Oct-Dec2017






ForManagement In continuation of thepart of businessarrangement existingbetween HDFC Bankand HDFC.




ForManagement In order to issuepreferential shares,increase in authorisedshare capital &related changes wererequired.


ForManagement In order to issuepreferential shares,increase in authorisedshare capital &related changes wererequired.



28.11.17 Postal BallotNatcoPharma Ltd.

Oct-Dec2017

02.01.18 Postal BallotSundaramFastners Ltd.

Oct-Dec2017

18.01.18 Postal BallotUltratechCement Ltd.

Oct-Dec2017

30.01.18 Postal BallotPidiliteIndustries

Jan-Mar2018

18.01.18 Postal BallotHDFC BankLtd.

Jan-Mar2018

14.02.18 Postal BallotHDFC Ltd.Jan-Mar2018

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Ordinary Resolution – Approval of related party transaction with HDFCBank Limited regarding subscription to the equity shares of HDFC BankLimited on a preferential basis.

Appointment of Salil S.Parekh as Chief Executive Officer and ManagingDirector

Re-designation of U.B. Pravin Rao as Chief Operating Officer andWhole-time Director

Consideration and adoption of: the Audited Financial Statements of theCompany for the Financial Year ended 30th September, 2017,togetherwith the Reports of the Directors and the Auditors thereon

the Audited Consolidated Financial Statements of the Company for theFinancial Year ended 30th September, 2017 and the Report of the Auditorsthereon

To declare a Dividend on Equity Shares for the Financial Year ended 30thSeptember, 2017. {The Board of Directors has recommended a Dividendof Rs. 7/- per Equity Share of Rs. 2/- each.}

Re-appointment of Mr. Christian Rummel (DIN: 01992982) as a Director,who retires by rotation and being eligible, offers himself for re-appointment

Ratification of appointment of Messrs S R B C & CO LLP, CharteredAccountants (Firm Registration No. 324982E/ E300003), as StatutoryAuditors of the Company from conclusion of this Annual General Meetinguntil the conclusion of next Annual General Meeting.

Appointment of Mr. Cedrik Neike (DIN: 07810035) as Special Director ofthe Company

Re-appointment of Mr. Christian Rummel (DIN: 01992982) as ExecutiveDirector and Chief Financial Officer of the Company and payment ofremuneration to him.

Payment of remuneration to Messrs R. Nanabhoy & Co., Cost Accountants(Firm Registration No. 000010), the Cost Auditors of the Company for FY2017-18.

To approve and bring into effect Article 132 (2) and Article 202 ofArticles of Association

Approval of the Scheme of Amalgamation of Techno Electric &Engineering Company Limited with Simran Wind Project Limited.

Increase in the borrowing powers of the Company

Creation of charge/security on the Company’s assets with respect toborrowing

Ordinary Resolution for issuance of bonus Shares

Ratification of Related Party Transaction

Adoption of new set of articles of Association

Reduction of aggregate Investment limits of non-residents from theexisting 100% to 49% of the total paid up share capital


ForManagement In continuation of thepart of businessarrangement existingbetween HDFC Bankand HDFC.







20.01.18 Postal BallotInfosys Ltd.Jan-Mar2018

06.02.18 Postal BallotSiemens Ltd.Jan-Mar2018
















ForManagement Inline with regulatoryrequirement.

23.01.18 Postal BallotSBI LifeInsuranceCo. Ltd.

Jan-Mar2018



16.03.18 Postal BallotTechnoElectric andEngineering

Co. Ltd.

Jan-Mar2018



09.03.18 Postal BallotBajajFinance Ltd.

Jan-Mar2018


ForManagement Inline with regulatoryrequirement.



20.03.18 Postal BallotGail IndiaLtd.

Jan-Mar2018



27.03.18 Postal BallotONGC Ltd.Jan-Mar2018


ForManagement Inline with theregulatory requirement

25.03.18 Postal BallotCyient Ltd.Jan-Mar2018


ForManagement The company is reducingnon resident shareholding to less than 49%in order to bid for indiandefence project.

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2016-2017 Apr - Jun 2017 70 70 0 0

Jul - Sep 2017 416 415 0 1

Oct - Dec 2017 11 11 0 0

Jan - Mar 2018 26 26 0 0

Summary of Votes cast during the F.Y. 2017-2018

F.Y. QuarterBreak-up of Vote decision

For Against AbstainedTotal No. ofresolutions

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I A Non receipt of Dividendon Units – – – – – – – – – – –

I B Interest on delayedpayment of Dividend – – – – – – – – – – –

I C Non receipt ofRedemption Proceeds – – – – – – – – – – –

I D Interest on delayedpayment of Redemption – – – – – – – – – – –

II A Non receipt of Statementof Account/Unit Certificate – – – – – – – – – – –

II B Discrepancy in Statementof Account $$ – – – – – – – – – – –

II C Data corrections inInvestor details $$ – – – – – – – – – – –

II D Non receipt of AnnualReport/Abridged Summary – – – – – – – – – – –

III A Wrong switch betweenSchemes – – – – – – – – – – –

III B Unauthorized switchbetween Schemes – – – – – – – – – – –

III C Deviation from Schemeattributes – – – – – – – – – – –

III D Wrong or excesscharges/load – – – – – – – – – – –

III E Non updation of changesviz. address, PAN, bankdetails, nomination, etc – – – – – – – – – – –

IV Others – – – – – – – – – – – TOTAL 0 0 0 0 0 0 0 0 0 0 0

# including against its authorized persons/ distributors/ employees. etc.

Annexure IIRedressal of complaints received against Shriram Mutual Fund for the period : 01 April 2017 to 31 March 2018

Total Number of folio as on 31 March 2018 : 4462

Compl-aint

CodeType of Complaint #

No. ofcom-

plaintspending

at thebeginningof the year

(a)

No. ofCom-

plaintsreceived

during theyear

(b)

Within30 days

30-60days

60-180days

Beyond180 days

NonAction-able*

0-3months

3-6months

6-9months

9-12months

Action on (a) and (b)

Resolved Pending

SHRIRAM MUTUAL FUND

INDEPENDENT AUDITORS’ REPORT

To,

The Board of Trustees

SHRIRAM MUTUAL FUND

Report on the Financial Statements

We have audited the accompanying financial statements of SHRIRAM MUTUAL FUND – SHRIRAM EQUITY AND

DEBT OPPORTUNITIES FUND (“the Scheme”), which comprise the Balance Sheet as at March 31, 2018, and the

Revenue Account for the period from April 1, 2017 to March 31, 2018, and a summary of significant accounting policies

and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the

financial position, 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 Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We 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.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the financial statements

give the information 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, 2018.

b) In case of Revenue Account, of the Surplus of the Scheme for the period from April 1, 2017 to March 31, 2018.

SHRIRAM MUTUAL FUND

40

SHRIRAM MUTUAL FUND

Report on Other Legal and Regulatory Requirements

1. 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, 2018 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)

Nilesh Joshi

Place : Mumbai Partner

Date : 27.04.2018 (Membership No. 114749)

SHRIRAM MUTUAL FUND

41

SHRIRAM MUTUAL FUND

SHRIRAM EQUITY AND DEBT OPPORTUNITIES FUNDBALANCE SHEET AS AT 31 MARCH 2018

For Chokshi & Chokshi LLP For and on behalf of For and on behalf ofChartered Accountants Board of Trustees Shriram Asset Management(Firm Regn No. 101872W/W100045) Co. Limited

NILESH JOSHI S. KRISHNAMURTHY PRABHAKAR D. KARANDIKARPartner Chairman Chairman(Membership No. 114749)

Place : Chennai V. N. SHIVA SHANKAR AKHILESH KUMAR SINGH KARTIK SORALDate : April 27, 2018 Trustee Managing Director Senior Fund Manager

SHRIRAM MUTUAL FUND

42

Schedule

SOURCES OF FUNDS

Unit capital 3 275,157,508 288,945,600

Reserves and surplus 4 152,093,284 122,414,706

Current liabilities 5 1,265,302 1,302,133

428,516,094 412,662,439

APPLICATION OF FUNDS

Investments 6 411,897,366 403,262,839

Other current assets 7 16,618,728 9,399,600

Deposits – –

428,516,094 412,662,439

The accompanying schedules are an integral part of this balance sheet.As per our report of even date.

SHRIRAM EQUITY AND DEBTOPPORTUNITIES FUND

31.03.2018 31.03.2017

SHRIRAM MUTUAL FUND

SHRIRAM EQUITY AND DEBT OPPORTUNITIES FUNDREVENUE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2018




SHRIRAM MUTUAL FUND

43

ScheduleINCOME

Dividend 3,405,627 2,982,032

Interest 8 8,621,097 9,779,084

Profit on sale / redemption of investments, net 30,140,523 8,324,769

Load income 161,969 210,698

Other income – 75

Gain / (Loss) on Derivatives trade, net 3,087,695 (602,075)

Change in net unrealised gain in value of investments 2,666,222 48,815,841

Total 48,083,133 69,510,424

EXPENSES AND LOSSES

Loss on sale / redemption of investments, net – –

Management fee incl. Service Tax / GST 9 10,579,019 9,931,395

Investor Education and Protection Fund Expense 84,914 80,879

Other operating expenses 115,073 9,659

Change in provision for net unrealised loss in value of investments 1,040,884 –

Total 11,819,890 10,021,933

Surplus / (Deficit) for the year 36,263,243 59,488,491

Equalisation (Debit) / Credit (4,289,598) (2,657,155)

Transfer (to) from Unrealised appreciation reserve (2,666,222) (48,815,841)

Equalisation Debit / (Credit) – –

Transfer from retained surplus – –

Income distribution on capital account – –

Surplus / (Deficit) transferred to the balance sheet 29,307,423 8,015,495

The accompanying schedules are an integral part of this revenue account.As per our report of even date.


31.03.2018 31.03.2017

SHRIRAM MUTUAL FUND

1. BACKGROUNDShriram Credit Company Limited is the sponsor of Shriram Mutual Fund (‘The Fund’).In accordance with SEBI (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations’), the Board of Trustees has appointed Shriram Asset Management CompanyLtd. (‘the AMC’) to manage the Fund’s affairs and operate its schemes.

SCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

In pursuant to SEBI Circular No. CIR/IMD/DF/21/2012 dated 13 September 2012, the Direct plan under the Scheme have been introduced with effect from 01January 2013, with Growth and Dividend option.

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 AMCand 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 multiplyingday 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 foropen ended mutual fund schemes.

(c) InvestmentsAccounting 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- 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 IndiaLimited (principal stock exchange). When on a particular valuation day, a security has not been traded on the principal stock exchange, the value at whichit is traded on The BSE Limited is used.

- Investments in fixed income & money market securities (other than central government securities) are valued as follows :TRADED (QUOTED)All quoted debt investments other than thinly traded, are considered at prices derived from the weighted average yield to maturity of the traded securitiesas at the valuation date as obtained from a public platform (FIMMDA / NSE WDM / BSE WDM) using traded volume thresholds or based on yield tomaturity derived from trades done by schemes managed by SAMC (Own Trades). Quoted debt & money market instruments (other than GovernmentSecurities) which are not traded on any stock exchange on the valuation day are considered as non-traded securities.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 ofamortized cost based on purchase price or last traded market price, which includes discount / premium accrued on a straight line basis over the periodto 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 Agency (ICRA). In casethe amortized value is outside the above band, the YTM of the security is adjusted to bring the price within the ±0.10% band.Other non-government debt& money market securities of investment grade (not covered under TRADED security) beyond 60 days to maturity, are valued by taking the pricesreleased by ICRA, applying fair valuation principles Laid down by SEBI.- NON INVESTMENT GRADE All non-investment grade / non performing debt securities are valued based on the provisioning norms laid down by SEBI.- Invesment in Mutual Fund units are valued at their respective NAV as applicable for the day.- The net unrealized appreciation / depreciation in the value of investment is determined separately for each category of investments. The unrealizedloss, if any, between two balance sheet dates is recognized in the revenue account and net unrealized gain, if any, is adjusted in unrealized appreciationreserve.

(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 distributablesurplus (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 inequalisation account is transferred to revenue account at the year-end without affecting the net income of the Scheme.

(f) Load- Exit load collected on redemption proceeds is credited to the scheme as income.

(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).

Shriram Equity andDebt OpportunitiesFund

Scheme Name Type of Scheme Investment objective of the Scheme NFO OpenNFO Close

Options

An open ended hybridscheme investingpredominantly in equity &equirty related instruments

The investment objective of the scheme would be to generate longterm capital appreciation and current Income with reduced volatility byinvesting in judicious mix of a diversified portfolio of Equity and Equityrelated instruments, and debt and money market instruments.

8th Nov. 2013to

22nd Nov. 2013

Regular Plan : Growth,Dividend and BonusDirect Plan : Growth,Dividend and Bonus

SHRIRAM MUTUAL FUND

44

SHRIRAM MUTUAL FUND

3. Unit Capital

Quantity Amount ( ) Quantity Amount ( )Growth OptionOutstanding, beginning of year 20,081,170.953 200,811,710 20,604,186.405 206,041,864Issued-new fund offer-during the year 3,128,676.800 31,286,768 4,755,660.996 47,556,610Redeemed during the year 4,189,813.624 41,898,136 5,278,676.448 52,786,764

Outstanding, end of year 19,020,034.136 190,200,342 20,081,170.953 200,811,710

Dividend OptionOutstanding, beginning of year 2,648,089.920 26,480,899 4,455,129.073 44,551,291Issued-new fund offer-during the year 149,051.909 1,490,519 484,425.926 4,844,259Redeemed during the year 474,414.255 4,744,143 2,291,465.079 22,914,651


Direct Plan - Growth optionOutstanding, beginning of year 6,124,796.362 61,247,964 6,148,577.656 61,485,777Issued-new fund offer-during the year 76,219.744 762,197 69,069.812 690,698Redeemed during the year 48,923.617 489,236 92,851.106 928,511


Direct Plan - Dividend optionOutstanding, beginning of year 40,502.746 405,027 52,321.170 523,212Issued-new fund offer-during the year 4,143.406 41,434 4,732.585 47,325Redeemed during the year 23,749.521 237,495 16,551.009 165,510

Outstanding, end of year 20,896.631 208,966 40,502.746 405,027

TotalOutstanding, beginning of year 28,894,559.981 288,945,600 31,260,214.304 312,602,143Issued-new fund offer — — — —

-during the year 3,358,091.859 33,580,918 5,313,889.319 53,138,892

Redeemed during the year 4,736,901.017 47,369,010 7,679,543.642 76,795,436


**Note: Details of large holdings (over 25% of the NAV of the Scheme) :

SCHEDULES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2018

Name of the Scheme March 31, 2018 March 31, 2017

No. of Investors % Holding No. of Investors % Holding

SHRIRAM EQUITY AND DEBT OPPORTUNITIES FUND Nil - Nil -

SHRIRAM MUTUAL FUND

45

31 March, 2018 31 March, 2017

SHRIRAM EQUITY AND DEBT OPPORTUNITIES FUND

SHRIRAM MUTUAL FUND


31.03.2018 31.03.2017


4. RESERVES AND SURPLUSUnit premium reserveBalance, beginning of year –303,078 2,116,154Net premium on issue / redemption of units –6,584,665 –5,076,387Transferred to/(from) equalisation account 4,289,598 2,657,155

Balance, end of year/period –2,598,145 –303,078

Unrealised appreciation reserveBalance, beginning of year/period 37,530,584 –11,285,257Unrealised appreciation in value of investments 2,666,222 48,815,841

Balance, end of year/period 40,196,806 37,530,584

Retained surplusBalance, beginning of year/period 85,187,200 77,171,705Surplus transferred from revenue account 29,307,423 8,015,496

Balance, end of year/period 114,494,623 85,187,200

Total reserves and surplus 152,093,284 122,414,706

The share of the options in the reserves and surplus is as follows :Growth option 58,697 89,276,936Dividend option 5,932,515 4,100,496Direct Plan - Growth option 37,617,001 28,967,224Direct Plan - Dividend option 108,485,071 70,050

152,093,284 122,414,706

5. CURRENT LIABILITIESAmount due to AMC for management fee 902,588 845,496 - Others – –Sundry creditors for units redeemed by investors - Lateral Shift Payable - Others 417,839 519,461Payable - AMC 960 (240)Other current liabilities (56,085) (62,584)

1,265,302 1,302,133

SHRIRAM MUTUAL FUND

46

SHRIRAM MUTUAL FUND


6. INVESTMENTSEquity shares 292,813,736 284,795,649Preference Shares 4,007,951 –Listed debentures and bonds 95,023,308 111,665,353Certificates of Deposits / Commercial Papers – –Fixed Deposits – –Mutual Fund Units 20,052,371 6,801,837

411,897,366 403,262,839

(i) All the investments are held in the name of the Scheme, as per clause 7 of Seventh Schedule

(ii) Aggregate appreciation and depreciation in the value of investments are as follows :

Equity shares - Domestic- appreciation 39,214,946 36,555,630- depreciation – –

Listed debentures and bonds- appreciation – 834,389- depreciation (16,818) –

Mutual Fund- appreciation 147,470 140,564- depreciation – –

Preference Shares- appreciation – –- depreciation (189,677) –

39,155,921 37,530,583

(iii) The aggregate value of investments acquired and sold/redeemed during the year andthese amounts as a percentage of average daily net assets are as follows :

Purchases (excluding collateralised lending and fixed deposits) - amount 329,588,881 351,969,464 - as a percentage of average daily net assets 77.63% 87.04%

Sales / Redemptions (excluding collateralised lending and fixed deposits) - amount 319,883,066 384,928,675 - as a percentage of average daily net assets 75.34% 79.10%

(iv) There is no investments by a company in excess of 5% of the net assets of a scheme and investment made by the schemeor by any other scheme for the current year in that company and the market value as at 31st March 2018 as per disclosurerequirement under Regulation 25(11).

(v) Outstanding investments in the Sponsor company and its group companies as at the balance sheet date is Nil.

SHRIRAM MUTUAL FUND

47


31.03.2018 31.03.2017


01.04.2017 to 01.04.16 to31.03.2018 31.03.2017

SHRIRAM MUTUAL FUND

As on Underlying Long/Short Future Price Current Price Marginwhen of the Maintained

Purchased contract in Lacs31.03.2018 NIL NIL NIL NIL NIL31.03.2017 ASIAN PAINTS LTD APRIL 2017 FUT Short 1075.9875 1077.7 3.23731.03.2017 AXIS BANK LTD APRIL 2017 FUT Short 503.75 493.45 1.48231.03.2017 BRITANNIA INDUSTRIES LTD APRIL 2017 FUT Short 3415.5 3389.15 1.69531.03.2017 INDUSING BANK LTD APRIL 2017 FUT Short 1419.85 1424.75 2.144

Total exposure due to futures(hedging positions) as of net assets : NIL

The following hedging transactions through futures have been squared off/expired :For The Period 01-04-2017 to 31-03-2018 01-04-2016 to 31-03-2017Total Number of contracts where futures were bought 121 38Total Number of contracts where futures were sold 121 38Gross Notional Value of contracts where futures were bought (in Rs.) 94,963,301 24,189,190Gross Notional Value of contracts where futures were sold (in Rs.) 94,158,970 23,561,845Net Profit/Loss value on all contracts combined (in Rs.) (804,331) (627,345)

b) Other than hedging positions through Futures :

As on Underlying Long/Short Future Price Current Price Marginwhen of the Maintained

Purchased contract in Lacs31.03.2018 NIFTY April 2018 Future Short 10114.775 10151.95 3.6631.03.2017 NIL NIL NIL NIL NIL

Total exposure due to futures (non hedging positions) as a -1.07% age of net assets

The following Other than hedging transactions through futures have been squared off / expired :

For The Period 01-04-2017 to 31-03-2018 01-04-2016 to 31-03-2017Total Number of contracts where futures were bought 298 NILTotal Number of contracts where futures were sold 298 NILGross Notional Value of contracts where futures were bought (in Rs.) 225,619,330 NILGross Notional Value of contracts where futures were sold (in Rs.) 227,851,330 NILNet Profit/Loss value on all contracts combined (in Rs.) 2,232,000 NIL

c) Hedging positions through Option as on 31st March 2018 : Nil

d) Other than hedging positions through Option as on 31st March 2018 : Nil

As on Underlying Call/Put No. of Option Price Current PriceContracts when of the

Purchased/Sold Contract31.03.2018 NIL NIL NIL NIL NIL31.03.2017 NIL NIL NIL NIL NIL

Total exposure through Options as of net assets : Nil

The following non hedging transactions through options have been squared off / expired :

For The Period 01-04-2017 to 31-03-2018 01-04-2016 to 31-03-2017Total Number of contracts entered into 459 NILGross Notional Value of contracts 3,863,309 NILNet Profit/Loss value on all contracts (in Rs.) (323,392) NIL

e) Hedging positions through SWAP as on 31st March 2018 : Nil

vii) Deposit with scheduled banks includes deposits aggregating to Nil (Previous Year : Nil) held in the name of the stockexchanges/clearing members towards margin money.

(vi) Disclosure in accordance with SEBI Circular No. CIR/IMD/DF/11/2010 dated August 18, 2010 :a) Hedging position through futures

SHRIRAM MUTUAL FUND

48

SHRIRAM MUTUAL FUND

7. OTHER CURRENT ASSETSBalances with banks in current accounts 12,139,954 5,012,290Sundry debtors for units issued to investors- Lateral shift receivable- Others 217,582 171,581Contracts for sale of investments 47,751 –Future Variable Margin Receivable (967) 17,656Outstanding and accrued income 4,214,408 4,198,073

16,618,728 9,399,600


8. INTERESTDebentures and bonds 8,621,097 9,765,969Fixed Deposits – 13,115Certificate of Deposits – –Commercial Papers – –Others – –

8,621,097 9,779,084

9. MANAGEMENT AND TRUSTEESHIP FEEThe Scheme pays fees for investment management services (excluding Service Tax / GST) under an agreement with theAMC, which provides for computation of such fee as a percentage of the Scheme’s average daily net assets, after excludingthe net asset value of the investments by the AMC in the scheme and net asset value of investment made in other schemes,if any.

Management fee at annualised average rate (amount) 10,579,019 9,931,395Management fee at annualised average rate (as a percentage) 2.49% 2.46%

The Trusteeship fees for the year ending 31st March 2018 for the scheme of Shriram Mutual Fund were borne by AMC.

SHRIRAM MUTUAL FUND

49


01.04.2017 to 01.04.2016 to31.03.2018 31.03.2017


01.04.2017 to 01.04.2016 to31.03.2018 31.03.2017


31.03.2018 31.03.2017

SHRIRAM MUTUAL FUND

10. INCOME AND EXPENDITUREThe total income and expenditure and these amounts as a percentage of the scheme’s average daily net assets on anannualised basis are provided below :

Income

- amount 45,416,911 20,694,583

- as a percentage of average daily net assets 10.70% 5.12%

Expenditure (excluding provision for net unrealised loss in value of investments, realisedloss on sale of investments, realised loss on inter-scheme transfer/sale of investments)

- amount 10,779,006 10,021,933

- as a percentage of average daily net assets 2.54% 2.48%


SHRIRAM MUTUAL FUND

50


01.04.2017 to 01.04.2016 to31.03.2018 31.03.2017

11. UNHEDGED FOREIGN CURRENCY EXPOSURE

Foreign currency exposure that has not been hedged by derivative instruments Nil Nil


31.03.2018 31.03.2017

Commission paid to associates/related parties/group companies of Sponsor/AMC

Name of Associate/related parties/group companies of Sponsor/AMC

Nature ofAssociation Period covered

Business given (Rs. Cr. &% of total business

received by the fund)

Commission (Rs. Cr. &% of total Commission

paid by the fund)

Shriram Fortune Solutions Ltd Distribution of Scheme 01-04-2017 to 0.27 5.34% 0.17 5.77%

31-03-2018

Shriram Fortune Solutions Ltd Distribution of Scheme 01-04-2016 to 0.60 8.62% 0.02 6.45%

31-03-2017

Shriram Insight Share Brokers Ltd Distribution of Scheme 01-04-2017 to 3.28 63.76% 0.23 78.03%

31-03-2018

Shriram Insight Share Brokers Ltd Distribution of Scheme 01-04-2016 to 4.25 61.06% 0.24 77.42%

31-03-2017

12. TRANSACTIONS COVERED BY REGULATION 25(8) OF THE SEBI REGULATION WITH THE SPONSOR OR ASSOCIATEOF THE SPONSOR

(As identified by the management and relied upon by the auditors)

Brokerage paid to associates/related parties/group companies of Sponsor/AMC

Name of Associate/related parties/group companies of Sponsor/AMC

Nature ofAssociation Period covered

Value of transaction (in Rs.Cr. & % of total value oftransaction of the fund )

Brokerage (Rs. Cr. &% of total brokerage

paid by the fund)

Shriram Insight Share Brokers Limited Associate Broker 01-04-2017 to 0.81 0.75% 0.0008 1.55%

31-03-2018

Shriram Insight Share Brokers Limited Associate Broker 01-04-2016 to 1.30 2.72% 0.001 3.17%

31-03-2017


51


13. OUTSTANDING BALANCE OF INVESTOR EDUCATION AND AWARENESS INITIATIVES


31 March, 2018 31 March, 2017

Investor Education and Awarenessexpense payable 11093 5058

Payable to AMFI 1976 3445

Note : The investor education fund is setaside in a different account and 50% of balance of unutilised amount payble toAMFI as per AMFI circular dated 20th April 2016.

14. NET ASSET VALUE

Options SHRIRAM EQUITY AND DEBTOPPORTUNITIES FUND

31 March, 2018 31 March, 2017

Growth option 15.7037 14.4458

Dividend option 12.5541 11.5485

Direct Dividend 12.8089 14.7295

Direct Growth 16.1145 11.7295

The net asset value of the Scheme’s unit is determined separately for units issued under the options after including therespective unit capital and reserves and surplus.The net asset value disclosed above represents the computed NAV as on March 31, 2018, and not the last declared NAV.

15. CONTINGENT LIABILITIES : Nil

16. PRIOR PERIOD COMPARATIVESFigures for the previous years have been regrouped / reclassified, wherever necessary to confirm to current yearspresentations.

17. SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION (REFERANNEXURE II)




SHRIRAM MUTUAL FUND

SHRIRAM MUTUAL FUND - SHRIRAM EQUITY AND DEBT OPPORTUNITIES FUNDANNEXURE - I

SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATIONDetails of investment portfolio and industrywise classification of the Scheme’s investments in each category of investments at 31 March 2018 arepresented below. The industry and company exposures are stated as a percentage of the Scheme’s net assets as at 31 March 2018, as well asthe aggregate investments in each investment category.

1. Equity and Equity Related Instruments(a) Listed/awaiting Listing on Stock ExchangeAUTO 19,934,055.80 4.67 6.81%

MARUTI SUZUKI INDIA LTD. 1,302.00 11,537,152.20 2.70 3.94%TATA MOTORS LTD (DVR) . 20,726.00 3,799,075.80 0.89 1.30%EICHER MOTORS LTD. 72.00 2,042,830.80 0.48 0.70%ENDURANCE TECHNOLOGIES LIMITED 2,020.00 2,554,997.00 0.60 0.87%

BANKS 60,700,254.65 14.21 20.73%HDFC BANK LTD 10,442.00 19,694,656.20 4.61 6.73%KOTAK MAHINDRA BANK LTD. 14,740.00 15,444,572.00 3.61 5.27%INDUSIND BANK LIMITED 5,432.00 9,759,946.00 2.28 3.33%ICICI BANK LTD 24,155.00 6,723,544.25 1.57 2.30%STATE BANK OF INDIA 32,308.00 8,073,769.20 1.89 2.76%BANDHAN BANK 2,140.00 1,003,767.00 0.23 0.34%

CEMENT 5,048,100.00 1.18 1.72%ULTRATECH CEMENT LTD. 1,278.00 5,048,100.00 1.18 1.72%

CHEMICALS 13,798,483.30 3.23 1.60%PIDILITE INDUSTRIES LTD. 5,099.00 4,679,862.20 1.10 1.60%FINOLEX INDUSTRIES LIMITED 4,915.00 3,242,671.25 0.76 1.11%SUNDRAM FASTENERS LTD 6,642.00 3,661,734.60 0.86 1.25%NAVIN FLUORINE INTERNATIONAL LIMITED 2,865.00 2,214,215.25 0.52 0.76%

CONSTRUCTION PROJECT 22,436,205.60 5.25 7.66%LARSEN AND TOUBRO LIMITED 10,395.00 13,626,805.50 3.19 4.65%KEC INTERNATIONAL LIMITED 8,251.00 3,215,827.25 0.75 1.10%KNR CONSTRUCTIONS LIMITED 4,720.00 1,340,480.00 0.31 0.46%KAJARIA CERAMICS LIMITED 4,547.00 2,603,384.85 0.61 0.89%ASHOKA BUILDCON LIMITED 6,640.00 1,649,708.00 0.39 0.56%

CONSUMER DURABLES 4,157,203.70 0.97 0.98%AVENUE SUPERMARKETS LIMITED 2,169.00 2,873,491.20 0.67 0.98%WHIRLPOOL OF INDIA LTD. 850.00 1,283,712.50 0.30 0.44%

CONSUMER NON DURABLES 33,027,371.80 7.73 11.27%BRITANNIA INDUSTRIES LTD 1,776.00 8,827,785.60 2.07 3.01%DABUR INDIA LIMITED 8,150.00 2,676,460.00 0.63 0.91%MARICO LTD 10,324.00 3,366,140.20 0.79 1.15%ITC LIMITED 49,303.00 12,596,916.50 2.95 4.30%HINDUSTAN UNILEVER LIMITED 4,170.00 5,560,069.50 1.30 1.90%

FINANCE 20,379,929.65 4.77 6.96%HOUSING DEVELOPMENT FINANCE CORPORATION LTD 4,314.00 7,875,638.40 1.84 2.69%CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. 1,572.00 2,280,107.40 0.53 0.78%BAJAJ FINANCE LTD. 1,411.00 2,494,013.05 0.58 0.85%SBI LIFE INSURANCE COMPANY LIMITED 6,456.00 4,378,782.00 1.02 1.50%SHRIRAM TRANSPORT FINANCE COMPANY LIMITED 2,328.00 3,351,388.80 0.78 1.14%

GAS 6,389,441.20 1.50 2.18%MAHANAGAR GAS LIMITED 2,012.00 1,927,596.60 0.45 0.66%INDRAPRASTHA GAS LIMITED 7,224.00 2,018,746.80 0.47 0.69%GAIL (INDIA) LTD (EX GAS AUTHORITY OF INDIA LIMITED) 7,436.00 2,443,097.80 0.57 0.83%

HEALTHCARE SERVICES 3,066,192.00 0.72 1.05%APOLLO HOSPITALS ENTERPRISE LIMITED 2,880.00 3,066,192.00 0.72 1.05%

INDUSTRIAL CAPITAL GOODS 5,147,082.60 1.20 1.76%BHARAT ELECTRONICS LIMITED 36,388.00 5,147,082.60 1.20 1.76%

INDUSTRIAL PRODUCTS 17,114,861.60 4.01 1.45%HINDUSTAN ZINC LIMITED 14,169.00 4,258,492.95 1.00 1.45%ABB LIMITED 1,831.00 2,370,504.15 0.55 0.81%

SHRIRAM MUTUAL FUND

52

Industry and Company Particulars QuantityAmount

(Rupees)Percentage to

Net Assets

Percentage toInvestment

category (%)

SHRIRAM MUTUAL FUND

QUESS CORP LIMITED 1,310.00 1,346,680.00 0.32 0.46%VEDANTA LIMITED 25,170.00 6,993,484.50 1.64 2.39%SIEMENS LIMITED 2,000.00 2,145,700.00 0.50 0.73%

OIL 3,522,218.00 0.82 1.20%OIL & NATURAL GAS CORP LIMITED 19,810.00 3,522,218.00 0.82 1.20%

PESTICIDES 7,854,569.00 1.84 2.68%UPL LIMITED (EX UNITED PHOSPHOROUS LIMITED) 10,756.00 7,854,569.00 1.84 2.68%

PETROLEUM PRODUCTS 13,078,423.95 3.06 4.47%PETRONET LPG LIMITED 22,949.00 5,300,071.55 1.24 1.81%RELIANCE INDUSTRIES LIMITED 8,812.00 7,778,352.40 1.82 2.66%

PHARMACEUTICALS 9,879,615.35 2.31 3.37%NATCO PHARMA LIMITED 5,184.00 3,906,921.60 0.91 1.33%AUROBINDO PHARMA LIMITED 2,001.00 1,116,257.85 0.26 0.38%SUN PHARMACEUTICALS INDUSTRIES LIMITED 9,809.00 4,856,435.90 1.14 1.66%

SERVICES 4,288,165.35 1.00 1.46%INTERGLOBE AVIATION LIMITED 3,323.00 4,288,165.35 1.00 1.46%

SOFTWARE 40,700,422.55 9.53 13.90%INFOSYS LIMITED 12,059.00 13,648,376.20 3.19 4.66%HCL TECHNOLOGIES LIMITED 9,681.00 9,377,016.60 2.19 3.20%TATA CONSULTANCY SERVICES LIMITED 3,132.00 8,923,537.80 2.09 3.05%CYIENT LIMITED 7,883.00 5,477,502.55 1.28 1.87%LARSEN & TOUBRO INFOTECH LIMITED 2,442.00 3,273,989.40 0.77 1.12%

TEXTILE PRODUCTS 2,291,139.55 0.54 0.78%PAGE INDUSTRIES LIMITED 101.00 2,291,139.55 0.54 0.78%

EQUITY TOTAL 292,813,735.65 68.53 100.00%(b) Unlisted – 0.00

Total (a)+(b) 292,813,735.65 68.53(2) Preference Shares

ZEE ENTERTAINMENT ENTERPRISES LIMITED 527,362.00 4,007,951.20 0.94 100.00%Total 4,007,951.20

(3) Debt Instruments(a) Listed/awaiting Listing on stock Exchange

11% PFC MD 15/09/2018 10,000,000.00 10,145,013.70 2.37 10.68%8.57% REC Ltd 21-Dec-2024 20,000,000.00 20,557,361.20 4.81 21.63%8.61% LIC HOUSING FINANCE LTD. MD 11/12/2019 20,000,000.00 20,202,873.56 4.73 21.26%9.34% SECURED REDEEMABLE NON CONVERTIBLETAXABLE BONDS - MD 25/08/2024 5,000,000.00 5,316,060.67 1.24 5.59%9.48% REC LTD 10/08/2021 5,000,000.00 5,266,889.71 1.23 5.54%9.65% NCD HDFC LTD. MD 19/01/2019 15,000,000.00 15,197,150.20 3.56 15.99%9.73% LIC HOUSING FINANCE LTD. MD 16/01/2019 16,000,000.00 16,216,637.53 3.80 17.07%9.74% TATA SONS LTD - M13012024. 2,000,000.00 2,121,321.17 0.50 2.23%

(b) Privately placed/Unlisted - -Total (a)+(b) 93000000 95,023,307.74 22.24 100%

(c) Securitised Debt - - -Debt Total 95,023,307.74 22.24 100%

(4) Money Market Instruments -Total -

(5) Other - Current AssetsHDFC LIQUID FUND - DIRECT PLAN - GROWTH OPTION - 8058 5,676.22 19,408,406.73 4.54 96.79%UTI-TREASURY ADVANTAGE FUND - INSTITUTIONAL PLAN -DIRECT PLAN - GROWTH 267.13 643,964.72 0.15 3.21%

Total 20,052,371.45

Total Investments 411,897,366.04 4.69 100%

Grand Total

DEPOSITS – –

Cash and Other Assets 15,367,239.47 3.60

TOTAL ASSETS 427,264,605.51 100.00

SHRIRAM MUTUAL FUND

53

Industry and Company Particulars # QuantityAmount

(Rupees)Percentage to

Net Assets

Percentage toInvestment

category (%)

SHRIRAM MUTUAL FUND

INDEPENDENT AUDITORS’ REPORT

To,The Board of TrusteesSHRIRAM MUTUAL FUND

Report on the Financial Statements

We have audited the accompanying memorandum of accounts pertaining to transaction for the period 01st April 2017to 31st March 2018, of Shriram Mutual fund – Tax Guardian -95, Shriram Mutual Fund – Tax Guardian – 96, ShriramMutual Fund – Tax Guardian – 97, Shriram Mutual Fund – Risk Guardian – 96 and Shriram Mutual Fund – IntervalFund 97 (“the Schemes”), giving state of affairs as at 31st March 2018 and other explanatory Information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these memorandum of accounts that give a true and fair view of thefinancial position ,financial performance of the Schemes in accordance with accounting principles generally acceptedin India. This responsibility includes the design, implementation and maintenance of internal control relevant to thepreparation and presentation of the memorandum of accounts, the financial statements that give a true and fair viewand are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these memorandum of accounts based on our audit. We conducted ouraudit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. ThoseStandards require that we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance 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 financialstatements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks ofmaterial misstatement of the memorandum of accounts, 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 memorandumof accounts in order to design audit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates madeby 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 auditopinion.

Opinion

a) In our opinion and to the best of our information and according to the explanation given to us, the memorandumof accounts as at 31st March 2018, give the information required and gives a true and fair view in conformity withaccounting principles generally accepted in India.

Report on Other Legal and Regulatory Requirements

1. We have obtained all the information and explanations, which to the best of our knowledge and belief werenecessary for the purposes of our audit.

2. The memorandum of accounts dealt with by this report are in agreement with the books of account.

For Chokshi & Chokshi LLP

Chartered Accountants

(FRN - 101872W/W100045)

Nilesh Joshi

Place : Mumbai Partner

Date : 27.04.2018 (Membership No. 114749)

54

SHRIRAM MUTUAL FUND

RISK GUARDIAN-95MEMORANDUM OF ACCOUNTS AS AT 31ST MARCH, 2018

(SCHEME WOUND UP WITH EFFECT FROM 07.07.2000)

AS AT AS AT31.03.2018 07.07.2000

SCHEDULE AMOUNT ( ) AMOUNT ( )

FOR SHRIRAM MUTUAL FUNDFOR CHOKSHI AND CHOKSHI LLPCHARTERED ACCOUNTANTS S. KRISHNAMURTHY(FRN : 101872W/W100045) TRUSTEE

NILESH JOSHI FOR SHRIRAM ASSET MANAGEMENT CO.LTD.PARTNER(Membership No. - 114749) AKHILESH KUMAR SINGHPLACE : MUMBAI MANAGING DIRECTORDATED : 27th April, 2018 PLACE : CHENNAI

DATED : 27th April, 2018

SOURCES

UNITS TO BE REDEEMED A 24,087 115,760,299

OTHER PAYABLES B 58,978 3,862,595

T O T A L 83,065 119,622,894

UTILISATION

BANK BALANCE IN CURRENT ACCOUNTS C 69,678 745,355

DEPOSIT WITH SCHEDULED BANKS D - 17,550,000

OTHER RECEIVABLES E 13,387 101,327,539

T O T A L 83,065 119,622,894

SCHEDULES REFERRED TO ABOVE FORM AN INTEGRAL PART OF THE MEMORANDUM OF ACCOUNTS

SHRIRAM MUTUAL FUND

55

SHRIRAM MUTUAL FUND

RISK GUARDIAN-95SCHEDULES TO MEMORANDUM OF ACCOUNTS AS ON 31.03.2018

AS AT AS AT31.03.2018 07.07.2000


SOURCES A

UNITS TO BE REDEEMED

Money payable on 3,700 units at thefinal redemption value of Rs.6.51 per unit. 24,087 115,760,299

T O T A L 24,087 115,760,299

OTHER PAYABLES B

Sundry Creditors 16,202 249,920

Redemption Chq/D D Cancelled 3,255 45,755

Unclaimed Dividend 538 295,973

Unclaimed Interest -31.03.2001 4,430 –

Unclaimed Interest -31.03.2002 6,510 –

Tax Deducted At Source – 15,006

Payble to sponsors againstredeemption effected by themby their various offices – 2,550,941

Due To Inter Scheme – –

30,935 3,157,595

Outstanding Expenses (Net) 28,043 705,000

T O T A L 58,978 3,862,595

UTLISATION C

BALANCE WITH BANKS IN CURRENT ACCOUNTS

ABU DHABI COMMERCIAL - 10,000

CENTRAL BANK OF INDIA 69,678 478,680

CENTRAL BANK OF INDIA N.P. - 98,267

INDUS IND BANK LTD. - 10,680

RESERVE BANK OF INDIA - 100,000

THE LAKSHMI VILAS BANK LTD. - 12,131

UNION BANK OF INDIA - 5,479

UNION BANK OF INDIA - 30,118

CITI BANK - -

T O T A L 69,678 745,355

DEPOSIT WITH SCHEDULED BANK D

With ABN Amro Bank - 5,000,000

With Abudhabi Bank - 5,000,000

With Bank of Baharin & Kuwait - 5,000,000

With Central Bank of India - 2,550,000

T O T A L - 17,550,000

SHRIRAM MUTUAL FUND

56

SHRIRAM MUTUAL FUND

OTHER RECEIVABLES E

CONTRACTS FOR SALE OF INVESTMENT

ASSOCIATE COMPANIES – 101,008,628

OTHERS – 258,406

– 101,267,034

OTHER RECEIVABLE 13,387 60,505

T O T A L 13,387 101,327,539

SUNDRY CREDITORS

BHAI SHANKER KANGA – 195,331

H N MOTIWALA & CO. – 16,025

CHOKSHI & CHOKSHI 16,202 –

ILFS – 25,504

R & D CONSULTANTS – 13,060

T O T A L 16,202 249,920


ASSOCIATE COMPANIES

PRUDENTIAL INVESTMENT – 87,737,598

SHRIRAM ASSET MANAGEMENT – 13,271,029

– 101,008,627

CONTRACT FOR SALE OF INVESTMENT

OTHERS

KEYNOTE CAPITALS LTD – 258,406

T O T A L – 258,406

OTHER RECEIVABLESHRIRAM AMC LTD 13,387 –

T O T A L 13,387 –

AS OF AS OF31.03.2018 ( ) 07.07.2000 ( )

SHRIRAM MUTUAL FUND

57

SHRIRAM MUTUAL FUND

RISK GUARDIAN 95S C H E D U L E - F

NOTES TO MEMORANDUM OF ACCOUNTS FOR THE PERIOD FROM 8th JULY, 2000 TO 31ST MARCH 2018

1) ORGANISATION :

The Shriram Mutual Fund - Risk Guardian 95 (the “Scheme”) was launched on 26th October,1995, as Growth Orientedclose ended Scheme for a period of four years.The scheme was therefore wound up by the Trustees of Shriram MutualFund effective 7th July, 2000.

2) After making appropriate provision for meeting the expenses connected with winding up, the redemption value at the timeof winding up was worked out at Rs.6.51 per unit.

3) Movement in Units :Nos. Rupees

Balance as of 07.07.2000 17,781,920 115,760,299

Less : Redemption during the period 17,778,220 115,736,212

Closing Balance on 31.03.2018 3,700 24,087

4) Figures as on the date of Winding up i.e as of 7th July, 2000 are given for comparision.The figures have been regrouped or rearranged wherever considered necessary.




SHRIRAM MUTUAL FUND

58

SHRIRAM MUTUAL FUND

TAX GUARDIAN-95MEMORANDUM OF ACCOUNTS AS AT 31ST MARCH, 2018


AS AT AS AT31.03.2018 30.04.2001


SOURCES



T O T A L 353,870 30,458,909

UTILISATION


DEPOSIT WITH SCHEDULED BANK D 200,000 -


T O T A L 353,870 30,458,909


AS PER OUR REPORT OF EVEN DATE FOR SHRIRAM MUTUAL FUNDFOR CHOKSHI AND CHOKSHI LLPCHARTERED ACCOUNTANTS S. KRISHNAMURTHY(FRN : 101872W/W100045) TRUSTEE



SHRIRAM MUTUAL FUND

59

SHRIRAM MUTUAL FUND

TAX GUARDIAN-95SCHEDULES TO MEMORANDUM OF ACCOUNTS AS ON 31.03.2018

AS AT AS AT31.03.2018 30.04.2001


SOURCES

UNITS TO BE REDEEMED A

Money payable on 39,150 units at the 176,175 22,619,635final redemption value of Rs.4.50 per unit.

T O T A L 176,175 22,619,635

OTHER PAYABLES B


Redemption D D Cancelled 17,595 127,827

Tax Deducted At Source – 6,258

Payble to sponsors againstredeemption effected by themby their various offices – 3,930,851

Due To Inter Scheme – 284,532

Other Liabilities – 1,748,778

54,986 6,314,274

Outstanding Expenses (Net) 122,709 1,525,000

T O T A L 177,695 7,839,274

UTILISATION C

BALANCE WITH BANKS IN CURRENT ACCOUNT

CENTRAL BANK OF INDIA - BELAPUR 140,483 43,332

TIMES BANK – 4,550

THE LAKSHMI VILAS BANK LTD. – 25,309

T O T A L 140,483 73,191


With Central Bank of India 200,000 –

T O T A L 200,000 –

SHRIRAM MUTUAL FUND

60

OTHER RECEIVABLES E


ASSOCIATE COMPANIES - 30,232,563

Others - 70,524

- 30,303,087

Due from Inter scheme - 82,631

Other receivable 13,387 -

T O T A L 13,387 30,385,718

SHRIRAM MUTUAL FUND

AS OF AS OF31.03.2018 ( ) 30.04.2001 ( )

GROUPING

SUNDRY CREDITORS

AJAY KHANDHAR – 7,200

H.N.MOTIWALLA & CO. – 19,836

CHOKSHI & CHOKSHI 16,202 –

INTEGRATED ADVISORY SERVICES 21,190 112,270

PURVA SHAREGISTRY – –

STOCK HOLDING CORP.OF INDIA LTD. – (6,651)

MAKKAL KURAL – 2,673

MEHTA AND MEHTA – 2,832

SHANKERLAL JAIN – 47,200

DELUX PRINTERS – 340

SURBHI GRAPHICS – 30,328

T O T A L 37,392 216,028

DUE TO INTER SCHEME

SRMF TAX GUARDIAN 96 – 133,101

SRMF TAX GUARDIAN 97 – 151,431

T O T A L – 284,532

Other Liablities

SHRIRAM ASSET MANAGEMENT CO – 690,064

PRUDENTIAL INVESTMENT – 1,058,714

T O T A L – 1,748,778


ASSOCIATE COMPANIES

SHRIRAM ASSET MANAGEMENT CO LTD – 2,152,500

SHRIRAM CONSUMER DURABLE LEASING – 14,011,533

SHRIRAM GLOBAL FINANCE – 5,244,861

SHRIRAM DOMESTIC FINANCE – 8,823,669

T O T A L – 30,232,563


OTHERS

ASIT C MEHTA – 68,432

KEYNOTE CAPITALS LTD – 2,092

T O T A L – 70,524

SHRIRAM MUTUAL FUND

61

SHRIRAM MUTUAL FUND

AS OF AS OF31.03.2018 ( ) 30.04.2001 ( )

SHRIRAM MUTUAL FUND

62

DUE FROM INTER SCHEME

INTERVAL FUND 97 – 78,515

SRMF RISK GUARDIAN 95 – 4,116

T O T A L – 82,631

OTHER RECEIVABLE

SHRIRAM ASSET MANAGEMENT CO 13,387

13,387 –

SHRIRAM MUTUAL FUND

TAX GUARDIAN 95S C H E D U L E - F

NOTES TO MEMORANDUM OF ACCOUNTS FOR THE PERIOD FROM 1st MAY, 2001 TO 31ST MARCH 2018

1) ORGANISATION :

The Shriram Mutual Fund - Tax Guardian 95 (the “Scheme”) was launched on 27th December, 1994, as close ended TaxSaving Scheme for a period of Ten years commencing from 1st April, 1995 and ending on 31st March, 2005. The Schemeprovided for Tax benefits under Section 88 of the Income- Tax Act, 1961 for initial investments upto Rs. 10,000/-. Consideringthe trend in the volume of repurchases undertaken by the Fund, the Trustees of the Shriram Mutual Fund decided to windup the scheme prematurely. Accordingly, the scheme was wound up effective 30th April,2001.



Balance as of 30.04.2001 5,025,980 22,619,635



4) Figures as on the date of Winding up i.e as of 30th April, 2001 are given for comparision.The figures have been regrouped or rearranged wherever considered necessary.




SHRIRAM MUTUAL FUND

63

SHRIRAM MUTUAL FUND



AS AT AS AT31.03.2018 30.04.2001


SOURCES



T O T A L 195,994 24,675,338

UTILISATION


DEPOSIT WITH SCHEDULED BANKS D 100,000 -


T O T A L 195,994 24,675,338





SHRIRAM MUTUAL FUND

64

SHRIRAM MUTUAL FUND


AS AT AS AT31.03.2018 30.04.2001


SHRIRAM MUTUAL FUND

65

SOURCES A



T O T A L 131,500 15,618,829

OTHER PAYABLES B


Redemption D D Cancelled 21,620 33,348

Tax Deducted at Source - 1,094

Payble to sponsors againstredeemption effected by themby their various offices - 7,328,874

Due To Inter Scheme - 78,241

Other Liabilities - 691,117

37,822 8,196,509


T O T A L 64,494 9,056,509

UTILISATION

BALANCE WITH BANKS IN CURRENT ACCOUNT C

CENTRAL BANK OF INDIA - BELAPUR 82607 161,993

CENTRAL BANK OF INDIA - NP - 9,845


T O T A L 82,607 177,646


With Central Bank of India 100,000 -

T O T A L 100,000 -

OTHER RECEIVABLES E


ASSOCIATE COMPANIES 24,120,940

Others - 243,650

- 24,364,590

Due from Inter scheme - 133,102

Other receivable 13,387 -

T O T A L 13,387 24,497,692


66

AS OF AS OF31.03.2018 ( ) 30.04.2001 ( )

GROUPING

SUNDRY CREDITORS

H N MOTIWALLA & CO. - 19,836

CHOKSHI & CHOKSHI 16,202 -

R & D CONSULTANTS - 50,714

STOCK HOLDING CORP. OF INDIA LTD. - (6,715)

T O T A L 16,202 63,835

DUE TO INTER SCHEME

SRMF TAX GUARDIAN 97 - 78,241

T O T A L - 78,241

OTHER LIABILITIES

SHRIRAM ASSET MANAGEMENT CO. - 691,117

T O T A L - 691,117


ASSOCIATE COMPANIES

SHRIRAM ASSET MANAGEMENT CO LTD - 12,995

SHRI CONSUMER DURABLE LEASING - 2,183,607

SHRI GLOBAL FINANCE - 7,190,996

SHRIRAM DOMESTIC FINANCE - 12,885,545

PRUDENTIAL INVESTMENT - 1,847,797

T O T A L - 24,120,940


Others

ALPIC SECURITIES - 121,450

ASIT MEHTA - 122,200

T O T A L - 243,650



T O T A L - 133,102

OTHER RECEIVABLE

SHRIRAM ASSET MANAGEMENT CO 13,387 -

T O T A L 13,387 -

SHRIRAM MUTUAL FUND


NOTES TO MEMORANDUM OF ACCOUNTS FOR THE PERIOD FROM 1ST MAY, 2001 TO 31ST MARCH 2018

1) ORGANISATION :

The Shriram Mutual Fund - Tax Guardian 96 (the “Scheme”) was launched on 1st December, 1995, as close ended TaxSaving Scheme for a period of Ten years commencing from 1st April, 1996 and ending on 31st March, 2006. The Schemeprovided for Tax benefits under Section 88 of the Income Tax Act, 1961 for initial investments upto Rs. 10,000/-. Consideringthe trend in the volume of repurchases undertaken by the Fund, the Trustees of the Shriram Mutual Fund decided to windup the scheme prematurely. Accordingly, the scheme was wound up effective 30th April, 2001.



Balance as of 30.04.2001 2,971,495 15,618,829



4) Figures as on the date of Winding up i.e. as of 30th April, 2001 are given for comparision.The figures have been regrouped or rearranged wherever considered necessary.




SHRIRAM MUTUAL FUND

67

SHRIRAM MUTUAL FUND



AS AT AS AT31.03.2018 30.04.2001


SOURCES



T O T A L 85,075 5,378,887

UTILISATION


DEPOSIT WITH SCHEDULED BANKS D 40,000 -


T O T A L 85,075 5,378,887





SHRIRAM MUTUAL FUND

68

SHRIRAM MUTUAL FUND


AS AT AS AT31.03.2018 30.04.2001


SOURCES A



T O T A L 18,781 4,200,524

OTHER PAYABLES B


Redemption D D Cancelled 7,386 -

Tax Deducted at Source - 262

Payble to sponsors againstredeemption effected by themby their various offices - 599,838

28,885 668,363


T O T A L 66,294 1,178,363

UTILISATION



CITI BANK - 9,154

T O T A L 31,688 229,467


With Central Bank of India 40,000 -

T O T A L 40,000 -

OTHER RECEIVABLES E



OTHERS - 485,822

- 4,549,045

DUE FROM INTER SCHEME - 292,219


T O T A L 13,387 5,149,420

SHRIRAM MUTUAL FUND

69

SHRIRAM MUTUAL FUND


OTHERS

ALPIC SECURITIES - 121,450

ASIT C MEHTA - 122,072

KEYNOTE CAPITAL LTD. - 242,300

T O T A L - 485,822


SRMF INTERVAL FUND 97 - 62,547



T O T A L - 292,219

OTHER RECEIVABLE

SHRIRAM ASSET MANAGEMENT CO 13,387 308,156

T O T A L 13,387 308,156

SHRIRAM MUTUAL FUND

70

AS OF AS OF31.03.2018 ( ) 30.04.2001 ( )

GROUPING

SUNDRY CREDITORS



INTEGRATED ADVISORY SERVICES 5,297 28,969

STOCK HOLDING CORP. OF INDIA LTD. - (384)

T O T A L 21,449 68,263


ASSOCIATE COMPANIES

SHRI CONSUMER DURABLE LEASING - 1,305,680

SHRI GLOBAL FINANCE - 838,265

SHRIRAM DOMESTIC FINANCE - 1,082,643

PRUDENTIAL INVESTMENT - 836,635

T O T A L - 4,063,223

SHRIRAM MUTUAL FUND


NOTES TO MEMORANDUM OF ACCOUNTS FOR THE PERIOD FROM 1ST MAY, 2001 TO 31ST MARCH 2018

1) ORGANISATION :

The Shriram Mutual Fund - Tax Guardian 97 (the “Scheme”) was launched on 14th October, 1996, as close ended TaxSaving Scheme for a period of Ten years commencing from 1st April, 1997 and ending on 31st March, 2007. The Schemeprovided for Tax benefits under Section 88 of the Income Tax Act, 1961 for initial investments upto Rs. 10,000/-. Consideringthe trend in the volume of repurchases undertaken by the Fund, the Trustees of the Shriram Mutual Fund decided to windup the scheme prematurely. Accordingly, the scheme was wound up effective 30th April, 2001.



Balance as of 30.04.2001 670,840 4,200,524

Less : Redemption during the period 667,840 4,181,743


4) Figures as on the date of Winding up i.e. as of 30th April, 2001 are given for comparision.The figures have been regrouped or rearranged wherever considered necessary.




SHRIRAM MUTUAL FUND

71

SHRIRAM MUTUAL FUND

INTERVAL FUND-97MEMORANDUM OF ACCOUNTS AS AT 31ST MARCH, 2018


AS AT AS AT31.03.2018 01.12.2001


SOURCES

UNITS TO BE REDEEMED A 17,346 451,074


T O T A L 34,075 4,402,968

UTILISATION

BANK BALANCE IN CURRENT ACCOUNTS 20,688 13,729

DEPOSIT WITH SCHEDULED BANKS - -

OTHER RECEIVABLES C 13,387 4,389,239

T O T A L 34,075 4,402,968





SHRIRAM MUTUAL FUND

72

SHRIRAM MUTUAL FUND

INTERVAL FUND-97SCHEDULES TO MEMORANDUM OF ACCOUNTS AS ON 31.03.2018

AS AT AS AT31.03.2018 01.12.2001


SOURCES A


Money payable on 1,400 units at thefinal redemption value of Rs.12.39 per unit. 17,346 451,074

T O T A L 17,346 451,074

OTHER PAYABLES B


Tax Deducted at Source - 759

Payble to sponsors againstredeemptioneffected by themby their various offices - 3,762,705

Due to Inter Scheme - 19,428

Other Liabilities - -

16,202 3,951,894

Outstanding Expenses (Net) 527 40,000

T O T A L 16,729 3,951,894

UTILISATION




T O T A L 20,688 13,729

OTHER RECEIVABLES D



OTHERS - 239,376

- 4,221,425


T O T A L 13,387 4,389,239

SHRIRAM MUTUAL FUND

73

SHRIRAM MUTUAL FUND

AS OF AS OF31.03.2018 ( ) 01.12.2001 ( )

GROUPING

SUNDRY CREDITORS



R & D CONSULTANT - 11,692

ILFS - 3,511

SURBHI GRAPHICS - 43,276

MAKKAL KURAL - 2,672

TRINITY MIRROR - 1,603

T O T A L 16,202 129,002

DUE TO INTER SCHEME



T O T A L - 19,428

SHRIRAM MUTUAL FUND

74


Others

ASIT C MEHTA - 112,491

KEYNOTE CAPITAL LTD. - 126,885

T O T A L - 239,376

OTHER RECEIVABLE

TDS RECEIVABLE – -

SHRIRAM ASSET MANAGEMENT CO 13,387 167,814

T O T A L 13,387 167,814


ASSOCIATES COMPANIES

MILLENIUM FINANCE - 1.980,283

GENIUS FINANCE & INVESTMENT - 2,001,766

T O T A L - 3,982,049

SHRIRAM MUTUAL FUND

75

INTERVAL FUND 97S C H E D U L E - E

NOTES TO MEMORANDUM OF ACCOUNTS FOR THE PERIOD FROM 2ND DECEMBER 2001 TO 31ST MARCH 2018

1) ORGANISATION :

The Shriram Mutual Fund - Interval Fund 97 (the “Scheme”) was launched on 30th June, 1997, as Growth Oriented Schemefor a period of Ten Years ending 13th August, 2007. The Scheme provided for repurchase and resale at periodic intervals.Considering the trend in the volume of repurchases undertaken by the Fund, the Trustees of the Shriram Mutual Funddecided to wind up the scheme prematurely. Accordingly, the scheme was wound up effective 1st December, 2001.



Balance as of 01.12.2001 36,400 451,074

Less : Redemption during the period 35,000 433,728


4) Figures as on the date of Winding up i.e. as of 1st December, 2001 are given for comparision.The figures have been regrouped or rearranged wherever considered necessary.




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