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  • ELECTRONIC VOTING PARTICULARS

    PASSWORDUSER ID EVEN

    (Electronic Voting Event Number)

    --------------------------------------------------------- TEAR HERE ------------------------------------------------------

    Notes : Shareholders attending meeting in person or by proxy are requested to complete the attendance

    slip and hand it over at the entrance of meeting hall.

    Notes : rd1) The cut-off date (i.e. the record date) for the purpose of e-voting is 23 September, 2015.

    th2) Please read the note 22(I) to the Notice of the 30 Annual General Meeting carefully before

    voting electronically.

    Signature of the Shareholder(s) _________________________________________________________

    Signature of Proxy holder______________________________________________________________

    Registered Folio/DP ID & Client ID:

    No. of Shares held :

    I/we hereby record my/our presence at the Thirtieth (30th) Annual General Meeting (AGM) of Anant Raj

    Limited on Wednesday, September 30, 2015, at 10.00 a.m. at the Registered Office of the Company at Plot

    No. CP-1, Sector-8, IMT Manesar, Gurgaon, Haryana -122051.

    ATTENDANCE SLIP

    ANANT RAJ LIMITED

    The remote e-voting facility will be available during the following voting period:

    Commencement of e-voting

    End of e-voting

    September 27, 2015 at 09:00 a.m.

    September 29, 2015 at 05:00 p.m.

    (Formerly known as Anant Raj Industries Limited)

    (CIN : L45400HR1985PLC021622)

    Regd. Ofce : Plot No. CP-1, Sector-8, IMT Manesar, Gurgaon-122051, Haryana, Telefax : (0124) 4265817

    Corp. Ofce : E-2, ARA Centre, Jhandewalan Extension, New Delhi- 110055 Tel : 011-41540070 Fax: 011-43559111

    E-mail : manojpahwa@anantrajlimited.com Website : www.anantrajlimited.com

  • Execution t h e f o c u s

    ANANT RAJ LIMITED Annual Report 2014-15

  • 01 ExECuTION THE fOCuS 02

    08

    KEY HIGHLIGHTS Of THE YEAR

    STRATEGIC LAND BANK

    04

    10

    MESSAGE fROM CHAIRMAN AND MANAGING DIRECTOR

    fIRM fOCuSED

    06

    12

    ANANT RAJ ESTATE ExECuTION IN fuLL SWING

    CORPORATE INfORMATION

    13

    99

    DIRECTOR’S REPORT

    CONSOLIDATED ACCOuNTS

    58 43

    MANAGEMENT DISCuSSION AND ANALYSIS

    CORPORATE GOvERNANCE REPORT

    65 STANDALONE ACCOuNTS

  • Highlights of the year

    chairman and mD Message

    Corporate overview Statutory section Financial Section

    Execution t h e f o c u s

    The real-estate business has been facing

    many challenges over the last few years :

    slow sales due to subdued demand leading

    inventory pile-ups and rising debts. Many

    players in the industry have reacted by

    countering these factors with await-and-

    watch approach. They have resorted to

    delaying projects, opting to wait for a

    more favorable demand-supply scenario,

    and hoping for prices to improve.

    At Anant Raj Group, we have reacted

    differently :

    By focusing on ExECuTION. Because, we believe that the worst is behind us.

    The real-estate sector is poised for a

    turnaround based as the Indian economy

    is back on a high-growth track on the back

    of directional reforms by the government.

    Both investor and consumer confidence

    has been revived, reviving demand. After

    postponing the purchase for a few years,

    home buyers are back again, buoyed by

    easing inflation and interest rates. The

    e-commerce explosion has created a

    new category for buyers for commercial

    properties, even as traditional buyers like

    IT and BfSI make a strong return.

    At Anant Raj Group, we are convinced

    that the real-estate space of tomorrow

    holds immense potential and promise.

    Execution of projects, speed of

    completion and quality of construction

    will determine who gains the advantage

    and the momentum.

    for us, there is only one focus :

    ExEcution

    At Anant Raj Group, we have always been quietly confident and convinced about our vision and views of the real-estate markets in Delhi and NCR region. Our conviction and belief have shaped our strategy and plans, which have always been different and distinct from other players.

    1

  • 2

    KEY HiGHLiGHtS oF tHE YEAR

    » ExEcution tHE FocuS for all on-going projects

    » Prices not reduced for finished projects

    » Debt levels have been maintained to 0.3x Net Assets

    »

    »

    »

    » No new procurement in terms of land bank

    » 1st Phase of IT Park at Panchkula completed with tenants moving in

    » Low Cost Housing at Neemrana in Rajasthan has been completed and possession is likely to be completed shortly to the buyers.

    » Zoning of the Delhi Master Plan holds huge potential of existing land bank

    » Anant Raj Estate • Construction in full

    swing for floors – deliveries by December 2016

    • 65 (Pocket A & B) acres have fully been developed with each and every Plot marked

    • Sample villas of different sizes are ready

    • one of the fastest completion certificates handed over by the Haryana government for partial completion

    2

  • Highlights of the year

    chairman and mD Message

    Corporate overview Statutory section Financial Section

    Financial highlights (consolidated)

    totAL REVEnuES crores

    ` 490.89

    nEt WoRtH crores

    ` 4133.89

    nEt PRoFit crores

    ` 142.37

    DiViDEnD

    12%

    EPS

    ` 4.85

    nEt ASSEt VALuE PER SHARE

    Reduction in debt

    ` 1,403.14 crores to ` 1,375.91 crores

    ` 140.08

    3

  • 4

    Message from chairman and managing director

    Dear Shareholders,

    Things are finally changing for the better

    – both for the Indian economy in general

    and the real-estate industry in particular.

    After years of facing stiff and strong

    headwinds, the year 2014-15 has brought

    a welcome change and much-needed

    cheer for the real-estate sector.

    On this positive and optimistic note, we

    welcome you all to the Annual General

    Meeting of Anant Raj Limited.

    The Indian growth story is once again

    making headlines all over the world. Bold

    and directional steps by the government

    have revived sentiments and confidence,

    revitalizing the economic growth of the

    country. The Indian GDP for the year

    2014-15 grew by an impressing 7.3 per

    cent, and the absolute size of the Indian

    economy crossed uS$ 2 trillion for the

    first time, a significant milestone indeed.

    The drastic fall in oil prices in the latter

    half of the year ensured that inflation

    came down to desirable levels, enabling

    the RBI to relax its monetary policies.

    In tandem with these favorable economic

    developments, the government’s focus on

    boosting infrastructure and real-estate

    sectors created benign conditions in the

    real-estate space. There was a palpable

    feeling of revival in demand, both in the

    residential as well as commercial sub-

    segments, as buyers, who had deferred

    their purchases, returned buoyed by lower

    interest costs. Changes in REIT rules by

    SEBI and further reduction for fDI in

    real-estate both in terms of minimum

    built-up area and amount to be invested,

    added to the building momentum.

    At Anant Raj Group, it was a year when

    there was only one focus – ExECuTION.

    Ashok Sarin Chairman

    Anil Sarin Managing Director

  • Highlights of the year

    chairman and mD Message

    Corporate overview Statutory section Financial Section

    5

    We are progressing very well on our

    largest project till date – Anant Raj

    Estate. During the year, we ensured that

    all our energies were totally directed

    and focused on execution. This is evident

    from the fact that we were able to

    partially complete (Pocket A & B) the

    project, for which we were given one of

    the fastest partial completion certificates

    by the Haryana government. So far, we

    have fully developed 65 acres of land at

    Anant Raj Estate. We have started giving

    possesion of plots. Our low-cost housing

    project at Neemrana in Rajasthan is

    almost completely handed over to buyers,

    again showcasing our execution focus, as

    this was project was completely in record

    time.

    On the commercial projects front, the 1st

    Phase of IT Park at Panchkula was also

    completed with tenants already starting

    to locate inside.

    There was no new procurement in

    terms of our land bank. This is because

    we firmly believe that this is the time

    to ExECuTE.

    In terms of our financial performance, the

    key highlights were as under :

    » The total Income from Operations for

    the year was ` 484.08 crores against

    ` 483.41 crores for the previous year.

    » Profit Before Tax for the year was

    ` 175.45