2007-08 - Aditya Birla Nuvo, Ltd

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ANNEXURE ‘A’ TO THE DIRECTORS’ REPORTAuditors’ CertificateTo The Members of Aditya Birla Nuvo LimitedWe have examined the compliance of conditions of Corporate Governance by Aditya Birla Nuvo Limited, forthe financial year ended on March 31, 2008, as stipulated in clause 49 of the Listing Agreement of the saidCompany with stock exchanges.The compliance of conditions of corporate governance is the responsibility of the management. Ourexamination was limited to procedures and implementation thereof, adopted by the Company for ensuringthe compliance of the conditions of the Corporate Governance. It is neither an audit nor an expression ofopinion on the financial statements of the Company.In our opinion and to the best of our information and according to the explanations given to us, we certifythat the Company has complied with the conditions of Corporate Governance as stipulated in the abovementioned Listing Agreement.We further state that such compliance is neither an assurance as to the future viability of the Company northe efficiency or effectiveness with which the management has conducted the affairs of the Company.For KHIMJI KUNVERJI & CO.Chartered AccountantsPer Shivji K. VikamseyPartner Membership No.:2242For S.R. BATLIBOI & CO.Chartered AccountantsPer Hemal ShahPartner Membership No.:42650MumbaiMumbaiApril 30, 2008 April 30, 2008(66)
ANNEXURE ‘A’ TO THE DIRECTORS’ REPORTDisclosure pursuant to the provisions of the Securities and Exchange Board of India (Employee Stock OptionScheme) Guidelines, 1999.Nature of DisclosureParticularsa) Options granted 329,373b) The pricing formula Tranche I:The exercise price was determined by averaging the dailyclosing price of the Company’s equity shares during the7 days immediately preceding the date of grant anddiscounting it by 10%. Exercise price — Rs. 1,180 peroption).Tranche II:The exercise price was the closing market price, prior tothe date of grant. Exercise price — Rs. 1,802 per option.c) Options vested NILd) Options exercised NILe) The total number of shares arising asa result of exercise of optionsNILf ) Options lapsed 3,360g) Variation of terms of options NILh) Money realised by exercise of options NILi) Total number of options in force 3,26,013j) Employee-wise details of options granted:i) Senior Managerial Personnel: 1. Mr. Vikram Rao : 63,2002. Mr. Rakesh Jain : 13,4703. Mr. K. K. Maheshwari : 63,2004. Mr. Adesh Gupta : 8,4205. Dr. Bharat K. Singh : 20,200ii) Any other employee who received agrant in any one year of optionamounting to 5% or more of optionsgranted during that yearNILiii) Identified employees who weregranted option, during any one year,equal to or exceeding 1% of theissued capital (excluding outstandingwarrants and conversions) of theCompany at the time of grant NILk) Diluted Earnings Per Share NAl) Difference between the employee Rs. 3.28 Crs.compensation cost, computed using theintrinsic value of the stock options, andthe employee compensation cost thatshall have been recognised, if the fair valueof the options was used.(67)
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Mr. G. D. Birla and Mr. Aditya Birl
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THE CHAIRMAN’S LETTER TO SHAREHOL
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THE CHAIRMAN’S LETTER TO SHAREHOL
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ADITYA BIRLA NUVO LIMITEDBOARD OF D
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FINANCIAL HIGHLIGHTS - STANDALONERs
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MANAGEMENT’S DISCUSSION AND ANALY
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MANAGEMENT’S DISCUSSION AND ANALY
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Page 33 and 34: CORPORATE GOVERNANCE REPORTGovernan
Page 35 and 36: CORPORATE GOVERNANCE REPORT1. Manag
Page 37 and 38: CORPORATE GOVERNANCE REPORTEmployee
Page 39 and 40: CORPORATE GOVERNANCE REPORTAll the
Page 41 and 42: CORPORATE GOVERNANCE REPORTMEANS OF
Page 43 and 44: SOCIAL REPORTTranscending BusinessS
Page 45 and 46: SOCIAL REPORTMaking a difference -
Page 47 and 48: ENVIRONMENT REPORTElements for the
Page 49 and 50: SHAREHOLDER INFORMATION6c. Domestic
Page 51 and 52: SHAREHOLDER INFORMATION12. Share Tr
Page 53 and 54: SHAREHOLDER INFORMATION16. Demateri
Page 55 and 56: SHAREHOLDER INFORMATION21. Per Shar
Page 57 and 58: SHAREHOLDER INFORMATIONAccordingly,
Page 59 and 60: DIRECTORS’ REPORT TO THE SHAREHOL
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Page 71 and 72: ANNEXURE ‘B’ TO DIRECTORS’ RE
Page 77 and 78: AUDITORS’ REPORT TO THE MEMBERSAn
Page 79 and 80: AUDITORS’ REPORT TO THE MEMBERS(x
Page 81 and 82: PROFIT & LOSS ACCOUNT FOR THE YEAR
Page 83 and 84: SCHEDULESSCHEDULE 2RESERVES & SURPL
Page 85 and 86: SCHEDULESRs. CroresAs atAs atFace V
Page 87 and 88: SCHEDULESSCHEDULE 7INVENTORIESAs at
Page 89 and 90: SCHEDULESRs. CroresYear EndedYear E
Page 91 and 92: SCHEDULESSCHEDULE 19SIGNIFICANT ACC
Page 93 and 94: SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CASH FLOW STATEMENT FOR THE YEAR EN
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AUDITORS’ REPORT ON THE CONSOLIDA
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CONSOLIDATED PROFIT & LOSS ACCOUNT
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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