GAMMON INDIA LIMITED

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The share issue expenses will be charged to the Profit and Loss Account in the first year when the Company draws up the Profit and Loss Account. 22. Minority Interest Minority interest comprises of amount of equity attributable to the minority shareholders at the date on which investments are made by the Company in the subsidiaries and further movements in their share in the equity, subsequent to the date of the investments. B. NOTES TO ACCOUNTS 1. SUBSIDIARIES Name of Subsidiaries 1 GIPL GROUP Gammon Infrastructure Projects Ltd.(GIPL) Rajahmundry Expressway Ltd.(REL) Andhra Expressway Ltd.(AEL) Cochin Bridge Infrastructure Co. Ltd.(CBICL) Mumbai Nasik Expressway Ltd.(MNEL) Sikkim Hydro Power Ventures Ltd.(SHPVL) Gammon Projects Developers Ltd.(GPDL) Kosi Bridge Infrastructure Company Ltd.(KBICL) Gorakhpur Infrastructure Company Ltd. (GICL) Marine Projects Service Ltd. (MPSL) Tidong Hydro Power Ltd. (THPL) Gammon Logistics Ltd. (GLL) Gammon Hospitality Ltd. (GHL) Gammon Metro Transport Ltd. (GMTL) Jaguar Projects Developers Ltd. (JPDL) Pravara Renewable Energy Ltd. (PREL) Rajahmundry Godavari Bridge Ltd. (RGBL) a) The following subsidiaries companies have been consolidated in the Financial Statements Country of Incorporation For the Year 2008- 09 For the Year 2007- 08 For the Year 2006- 07 Ownership Interest Effective Interest Ownership Interest Effective Interest Ownership Interest Effective Interest India 76.15% 76.15% 76.15% 76.15% 82.50% 82.50% India 93.50% 71.20% 93.50% 71.20% 93.50% 77.14% India 93.50% 71.20% 93.50% 71.20% 93.50% 77.14% India 97.66% 74.37% 97.66% 74.37% 97.66% 80.57% India 79.99% 60.91% 79.99% 60.91% 79.99% 65.99% India 100.00% 76.15% 100.00% 76.15% 100.00% 82.50% India 100.00% 76.15% 100.00% 76.15% 100.00% 82.50% India 100.00% 76.15% 100.00% 76.15% 100.00% 91.43% India 100.00% 83.57% 94.90% 72.27% 94.90% 78.29% India 100.00% 76.15% 100.00% 76.15% - - India 51.00% 51.00% 100.00% 76.15% - - India 100.00% 76.15% 100.00% 76.15% - - India 100.00% 76.15% - - - - India 100.00% 76.15% - - - - India 100.00% 76.15% - - - - India 100.00% 76.15% - - - - India 100.00% 76.15% - - - - F 33
For the Year 2008- 09 For the Year 2007- 08 For the Year 2006- 07 Ownership Effective Ownership Effective Ownership Effective Country of Interest Interest Interest Interest Interest Interest Name of Subsidiaries Incorporation Ras Cities and Townships Pvt. Ltd. (RCTPL) India 100.00% 76.15% - - - - Youngthang Power Ventures Ltd. (YPVL) India 100.00% 76.15% - - - - Bedi Seaport Ltd. (BSL) India 100.00% 76.15% - - - - ATSL Infrastructure Projects Ltd India 100.00% 88.00% - - - - 2 GACTEL Turnkey Projects Ltd. India 100.00% 100.00% 100.00% 100.00% 99.86% 99.86% 3 Gammon & Billimoria Ltd. India 50.94% 50.94% 50.94% 50.94% 50.94% 50.94% Gammon & Billimoria LLC * Dubai 49.00% 49.00% 49.00% 49.00% - - 4 Gammon International LLC, OMAN Oman 69.00% 69.00% 69.00% 69.00% - - 5 GIFZE - - Gammon International FZE Dubai 100.00% 100.00% 100.00% 100.00% - - P.Van Eerd Beheersmaatschappaji B.V.- Netherlands ** Netherlands 100.00% 100.00% 100.00% 100.00% - - Gammon Holding B.V. ** Netherlands 100.00% 100.00% - - - - Gammon International B.V. ** Netherlands 100.00% 100.00% - - - - Franco Tosi Meccanica SPA *** Italy 75.10% 75.10% - - - - Gammon Italy Srl *** Italy 100.00% 100.00% - - - - 6 Deepmala Infrastructure Private Limited India 51.00% 51.00% - - - - 7 Gammon Retail Infrastructure Private Limited India 99.00% 99.00% - - - - 8 Gammon Power Ltd. India 100.00% 100.00% - - - - 9 Campo Puma Oriente S.A. Panama 66.39% 66.39% - - - - 10 SAE Powerlines Srl**** Italy 100.00% 100.00% - - - - 11 ATSL Holding B.V., Nether Lands Netherlands 100.00% 100.00% - - - - 12 Transrail Lighting Ltd. India 100.00% 100.00% - - - - 13 Associated Transrail Structures Ltd., Nigeria Nigeria 100.00% 100.00% - - - - 14 Gammon Realty Ltd. (GRL) . India 75.06% 75.06% 75.06% 75.06% 75.06% 75.06% ** Shareholding is through subsidiary - Gammon International FZE. *** Shareholding is through subsidiary - Gammon International B.V. **** Shareholding is through subsidiary – ATSL Holding B.V. b) *Gammon & Billimoria Limited holds 49% of the equity of Gammon & Billimoria (LLC), a limited liability Company registered in Dubai hereafter referred as G&B LLC. Since the Management and Operational control of G&B LLC is with Gammon & Billimoria Limited, F 34
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The information in this Preliminary
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NOTICE TO INVESTORS The Company acc
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different from future results, perf
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your decision to accept an invitati
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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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Our Strategy for our short-term com
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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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the tender, the contract is usually
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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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Our Strategy flue chimneys, nuclear
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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 Platform
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ITEA ACCAM S.p.A. Incinerator Plant
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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
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Mr. Parvez Umrigar, is a B. Com., A
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Mr. Himanshu Parikh Pursuant to a s
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Organisation Chart 98
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A B Desai C Bhattacharjee K Jayacha
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Shareholding Pattern PRINCIPAL SHAR
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Sl. No. Name of the Shareholder Tot
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Equity Shares allotted to a QIB pur
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FIIs are permitted to participate t
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The submission of an Application Fo
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ank). The QIB will be required to d
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Placement Agreement PLACEMENT The J
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SELLING RESTRICTIONS The distributi
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the shares, debentures and units of
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TRANSFER RESTRICTIONS Purchasers of
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The exceptions to this rule are for
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equirement to publish un-audited fi
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shares are listed). Further, any pe
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agreement, within the time period m
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Page 161 and 162: . by crediting shares of the Compan
Page 163 and 164: proportion as the capital paid on t
Page 165 and 166: The information provided below sets
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Page 169 and 170: 8. As per Section 74 Short-term cap
Page 171 and 172: long-term capital gains. Balance lo
Page 173 and 174: LEGAL PROCEEDINGS Save as described
Page 175 and 176: lack list GIL and also its allied/s
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: Basic Earning Per Share is calculat
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
Page 225 and 226: In respect of some road projects co
Page 227 and 228: Net Actuarial (gain)/loss To Be Rec
Page 229 and 230: Further, during the year 2008-09, t
Page 231 and 232: 30 Gammon Sadelmi (Power Plant in S
Page 233 and 234: (c) Transactions of Oman Branch and
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Page 243 and 244: Current liabilities Bank overdrafts
Page 245 and 246: Statement of recognised income and
Page 247 and 248: 5. We have estimated and checked th
Page 249 and 250: 4. As fully described by directors
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Page 253 and 254: Franco Tosi Meccanica S.p.A. 2. INC
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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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