GAMMON INDIA LIMITED

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party as the Defendant had alleged that an amount of Rs. 340,000,000 is due to it from the joint venture. The Company had engaged the services of Defendant as the sub-contractor for certain works in relation to contract of civil works of Sewa Hydro Electric Project. As a result of default by the Defendant, the Company had taken over the entire plant site and equipment. This action of the Company was challenged by the Applicant as being illegal as the plant equipment was hypothecated to Applicant by the Defendant. The matter is pending. The Applicant has prayed for release of the plant and machinery in custody of the Company. 7. M/s. National Hydro-Electric Power Corporation (“Plaintiff”) has filed a petition in the High Court of Jammu and Kashmir against the Company under section 34 of the J&K Arbitration and Conciliation Act, 1997 for setting aside the arbitral award dated January 4, 2005. The Plaintiff had appointed the Company as the contractor for construction of tail race tunnel at salal hydro electric project. The Company had filed a claim before the arbitrator for recovery of certain amounts from the Plaintiff which was allowed in favour of the Company. The matter is pending. The total amount involved is approximately Rs. 217.5 million. 8. Madhavi Dandekar and others (“Plaintiffs”) have filed a money suit against the Company in court of senior civil judge, Palghar. The Plaintiffs have alleged that the Company has encroached their land and carried out excavation activities, including excavation of stone, without their permission. The Plaintiffs have claimed the price of the stone excavated from the Company. The matter is pending. The total amount involved is approximately Rs. 195 million. Arbitration proceedings 9. Champ Enterprises Limited (“Claimant”) has initiated two arbitration proceedings against the Company for recovery of additional cost incurred by the Claimant in executing the contract for civil work for construction of tail race channel and other associated works relating to the teesta canal fall hydel project and excavation work in doyang hyro-electric project. The Claimant has filed a statement of claim before the sole arbitrator. The matter is pending. The total amount involved is approximately Rs. 94 million. 10. The Company has initiated arbitration proceedings against the Gas Authority of India Limited (“Respondent”), for recovery of liquidated damages and cost of additional items aggregating to Rs. 5.7 million in relation to work of design, construction, testing and commissioning of cooling tower and cooling water treatment plant for LPG recovery project at Pata, Uttar Pradesh. The Respondent has raised a counter claim for recovery of loss of production in thermal power project due to delay in completion of works by the Company. The matter is pending and is in advanced stages of hearing. The total amount of counter claim involved is Rs. 45.92 million. 11. The Company has initiated arbitration proceedings against the water resources department, government of Bihar (“Opposite Party”), for recovery of contract amount, idle charges and loss of overheads and profits from the Opposite Party in relation to construction of concrete cum masonary dam under burnar reservoir project, aggregating upto Rs. 564.1 million. The Opposite Party had terminated the contract and has raised a counter claim of liquidated damages. The arbitrator has been appointed and the matter is pending. The total amount of counter claim involved is Rs. 74.2 million. Notice 12. DMRC has issued a show cause notice dated July 29, 2009 to the Company alleging failure to exhibit due professionalism, quality and adoption of ethical procedures by the Company which led to serious accidents at work site. Such accidents have lead death of eight persons and injury to 20 persons. DMRC has proposed to 145
lack list GIL and also its allied/sister concerns/ and partners on DMRC for further period of two years. The Company has replied to the said show cause notice. Proceedings initiated outside India 13. Al-Manarah International Company, Oman (“Al-Manarah”) has filed a suit against the Company claiming commission in terms of the agreement dated March 24, 2004 by which Al-Manarah was appointed as Company’s exclusive agents, in order to provide the information and consultation for the purpose of promoting, developing, and realizing commercial works. Notice has been served on the Company and the matter is pending. The total amount involved is 3,000,000 Omani Rial. 14. Franco Tosi Meccanica S.p.A and others (“Appellants”) have filed an appeal against Italmobiliare S.p.A. and others (“Respondents”) in the supreme court of Cassation, challenging the order of court of appeal of Milan, that had prohibited the Appellants to use the name ‘Franco Tosi’ both as business name and as trademark, which is registered in the name of the Respondents. 146
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GAMMON INDIA LIMITED (Incorporated
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NOTICE TO INVESTORS The Company acc
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usiness strategies and environment
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epresentation, warranty or statemen
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SEBI nor any other regulatory autho
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FORWARD LOOKING STATEMENTS All stat
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Term Description Company in consult
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Term Description NH National Highwa
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Lock-up The Company will not, for a
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ased in Italy that is engaged in th
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for our short-term commercial paper
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Sr. No. SUMMARY FINANCIAL INFORMATI
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REFORMATTED CONSOLIDATED BALANCE SH
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REFORMATTED CONSOLIDATED PROFIT AND
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REFORMATTED CONSOLIDATED CASH FLOW
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RISK FACTORS An investment in equit
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affect on the profit margins that w
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As the revenue structure for the SP
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of actual traffic volume. Adverse d
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esult in decreased sales of our pro
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in two or three years) of interest
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If our subsidiaries or SPVs default
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Our inability to obtain, renew or m
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As of March 31, 2009, our contingen
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on which such additional financing
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The Equity Shares are being offered
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market for our equity shares will n
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(of sale proceeds), a no objection/
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Date National Stock Exchange of Ind
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USE OF PROCEEDS The total proceeds
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Vesting Date No. Of Options Exercis
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EXCHANGE RATE INFORMATION The follo
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development phase. GIPL also offers
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during summer months and during the
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c) Revenues from providing services
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Intangible assets are amortized ove
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Guidelines, 1999 issued by Securiti
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and tax credit, if any, and compute
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Profit After Tax. Our profit after
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primarily by trade payables and wor
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and components are fluctuating base
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Development Authorities, Metro Rail
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Indian Road Network Kilometers (app
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plan will soon be presented to the
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The Airports Sector in India Indian
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An investment of about Rs.720,600.0
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China’s electricity consumption h
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Source Central State Private Total
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Overview BUSINESS We are the flagsh
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** formerly Bedi Seaport Limited GA
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flue chimneys, nuclear containment
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For certain large construction or i
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oriented services. In addition, we
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Kalwakruthy Stage-3-Lift Irrigation
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Name of SPV Revenue Model MNEL KBIC
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Ansaldo Oseberg D Offshore Platfor
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ACCAM S.p.A. Incinerator Plant: Eur
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Our Company, with its joint venture
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Board of Directors BOARD OF DIRECTO
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Name, Designation, DIN and Address
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Name, Designation, DIN and Address
Page 123 and 124: Mr. Parvez Umrigar, is a B. Com., A
Page 125 and 126: Mr. Himanshu Parikh Pursuant to a s
Page 127 and 128: Organisation Chart 98
Page 129 and 130: Name Number of Equity Shareholding
Page 131 and 132: Shareholding Pattern PRINCIPAL SHAR
Page 133 and 134: Sl. No. Name of the Shareholder Lim
Page 135 and 136: Equity Shares allotted to a QIB pur
Page 137 and 138: FIIs are permitted to participate t
Page 139 and 140: The submission of an Application Fo
Page 141 and 142: ank). The QIB will be required to d
Page 143 and 144: Placement Agreement PLACEMENT The J
Page 145 and 146: SELLING RESTRICTIONS The distributi
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Page 149 and 150: TRANSFER RESTRICTIONS Purchasers of
Page 151 and 152: The exceptions to this rule are for
Page 153 and 154: equirement to publish un-audited fi
Page 155 and 156: shares are listed). Further, any pe
Page 157 and 158: agreement, within the time period m
Page 159 and 160: for compulsory dematerialised tradi
Page 161 and 162: . by crediting shares of the Compan
Page 163 and 164: (including a corporation or company
Page 165 and 166: TAXATION The information provided b
Page 167 and 168: to be income chargeable under the h
Page 169 and 170: 8. As per Section 74 Short-term cap
Page 171 and 172: long-term capital gains. Balance lo
Page 173: LEGAL PROCEEDINGS Save as described
Page 177 and 178: Index to financial statements: FINA
Page 179 and 180: Sr. No. UNAUDITED FINANCIAL RESULTS
Page 181 and 182: from the foreign currency receivabl
Page 183 and 184: 5. The financial statements of cert
Page 185 and 186: REFORMATTED CONSOLIDATED BALANCE SH
Page 187 and 188: GAMMON INDIA LIMITED REFORMATTED CO
Page 189 and 190: GAMMON INDIA LIMITED REFORMATTED CO
Page 191 and 192: GAMMON INDIA LIMITED SCHEDULES FORM
Page 197 and 198: 31.03.09 31.03.08 31.03.07 Rs.inMil
Page 201 and 202: SCHEDULE 15A SUNDRY EXPENSES INCLUD
Page 203 and 204: SCHEDULE 18 SIGNIFICANT ACCOUNTING
Page 205 and 206: 5. Research and Development Expense
Page 207 and 208: (c) Work in progress from manufactu
Page 209 and 210: Basic Earning Per Share is calculat
Page 211 and 212: For the Year 2008- 09 For the Year
Page 213 and 214: interest and voting rights in respe
Page 215 and 216: y Busi Group. By an Agreement dated
Page 217 and 218: Maritime Services Pvt. Ltd* Modern
Page 219 and 220: the difference between outstanding
Page 221 and 222: PVAN: Term Loans from ICICI Bank ar
Page 223 and 224: foreign exchange loss of Rs. 11.20
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In respect of some road projects co
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Net Actuarial (gain)/loss To Be Rec
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Further, during the year 2008-09, t
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30 Gammon Sadelmi (Power Plant in S
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(c) Transactions of Oman Branch and
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11 Gammon Rizzani Gammon Rizzani Ga
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Nature of Transactions / relationsh
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Current liabilities Bank overdrafts
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Statement of recognised income and
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5. We have estimated and checked th
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4. As fully described by directors
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Franco Tosi Meccanica S.p.A. INTROD
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Franco Tosi Meccanica S.p.A. 2. INC
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Franco Tosi Meccanica S.p.A. 4. FOR
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Franco Tosi Meccanica S.p.A. The bo
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Franco Tosi Meccanica S.p.A. Revenu
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Franco Tosi Meccanica S.p.A. Servic
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Franco Tosi Meccanica S.p.A. 31.12.
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Franco Tosi Meccanica S.p.A. Note 5
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Franco Tosi Meccanica S.p.A. Nota 1
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Franco Tosi Meccanica S.p.A. As pre
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Franco Tosi Meccanica S.p.A. Deprec
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To the Shareholders of Sae Power Li
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SAE POWER LINES S.R.L. Società uni
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SAE POWER LINES S.R.L. IV. Liquid a
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SAE POWER LINES S.R.L. Profit and l
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SAE POWER LINES S.R.L. Company with
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underlying formal aspects. Fixed as
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Italian Exchange Rates Office (U.I.
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Description Value Monetary revaluat
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Accounts receivable by geographical
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This item can be broken down as fol
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Description 31/12/2007 Additions De
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Accounts payable by geographical ar
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Description 31/12/2008 31/12/2007 C
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Taxes Value at 31/12/2008 Value at
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the reasonable certainty that in fu
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ISSUER Gammon India Limited REGISTE
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GAMMON INDIA LIMITED

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