1. A Scheme of Amalgamation (the Scheme) of Transferor Companies
 having Trading and Investment business viz, Adani Infrastructure
 Services Private Limited (Adani Infrastructure), Advance Tradex
 Private Limited (Advance Tradex), Adani Tradelinks Private Limited
 (Adani Tradelinks), Pride Trade & Investment Private Limited
 (Pride), Trident Trade & Investment Pvt. Ltd. (Trident), Radiant
 Trade & Investment Private Limited (Radiant) and Ventura Trade &
 Investment Private Limited (Ventura) with Adani Enterprises Limited
 (AEL) (the Company or Transferee Company) under Sections 391 and
 394 of the Companies Act, 1956 was sanctioned by the Honble High Court
 of Gujarat vide order dated 12th August, 2010 which was filed with the
 office of Registrar of Companies, Gujarat on 18th August, 2010
 (Effective Date). Pursuant to this Scheme, the assets and liabilities
 of the Transferor Companies were transferred to and vested in the
 Transferee Company with effect from 1st April, 2010 (Appointed Date)
 except for Advance Tradex for which the Appointed Date is 20th April,
 2010. The amalgamation has been accounted under the pooling of
 interests method.
 
 The salient features of the Scheme are as follows:
 
 a.  All the assets and liabilities recorded in the books of the
 Transferor Companies shall stand transferred to and vested in the
 Transferee Company pursuant to the Scheme and shall be recorded by the
 Transferee Company at their book values as appearing in the books of
 the Transferor Companies.
 
 b.  The Transferee Company shall record the Reserves of the Transferor
 Companies in the same form and at the same values as they appear in the
 financial statements of the Transferor Companies at the close of
 business of the day immediately preceding the Appointed Date. Balances
 in the Profit and Loss Account of the Transferor Companies shall be
 similarly aggregated with the balances in Profit and Loss Account of
 the Transferee Company.
 
 c.  The excess of, or deficit in, the value of the assets over the
 value of the liabilities of the Transferor Companies vested in the
 Transferee Company pursuant to this Scheme as recorded in the books of
 accounts of the Transferee Company shall, after adjusting the amounts
 recorded in terms of sub-clause (b) above, be adjusted in the Reserves
 in the books of the Transferee Company.
 
 d.  Further, in case of any differences in accounting policy between
 the Companies, the impact of the same till the amalgamation will be
 quantified and adjusted in the Profit & Loss Account mentioned earlier
 to ensure that the financial statements of the Transferee Company
 reflect the financial position on the basis of consistent accounting
 policy.
 
 e.  To the extent that there are inter-company loans, deposits or
 balances as between the Transferor Companies and the Transferee
 Company, the obligations in respect thereof shall come to an end and
 there shall be no liability in that behalf and corresponding effect
 shall be given in the books of accounts and records of the Transferee
 Company for the reduction of any assets or liabilities as the case may
 be and there would be no accrual of interest or any other charges in
 respect of any such inter-company loans, deposits or balances, with
 effect from the Appointed date.
 
 The difference is adjusted against Revaluation Reserve of Rs. 702.83
 Crores (as transferred from erstwhile Transferor Companies), Preference
 Share Redemption Reserve of Rs. 2.41 Crores (as transferred from
 erstwhile Transferor Companies), Capital Reserve of Rs. 348.84 Crores
 (created pursuant to amalgamation) and General Reserve of Rs. 497.90
 Crores (Rs. 13.39 Crores transferred from erstwhile Transferor
 Companies).
 
 g. Had the Scheme not prescribed this accounting treatment, the Balance
 in Reserves and Surplus would have stand increased by Rs.1,551.98 Crores
 with a corresponding Debit balance in Amalgamation Adjustment Account.
 There is no material financial effect of such deviation.
 
 h. The Authorised Share Capital of the Transferor Company shall stand
 combined with the Authorised Share Capital of the Transferee Companies.
 Consequently from the effective date, the Authorised Share Capital of
 the Transferor Companies shall stand increased to Rs. 325.32 Crores
 consisting of 320,82,00,000 Equity Shares of Rs. 1/- (Rupee One) each;
 and 45,00,000 Preference Shares of Rs. 10/- (Rupees ten) each.
 
 3.  Buildings include cost of shares in Co-operative Housing Society Rs.
 3,500/- (P.Y. Rs. 3,500/-).
 
 4.  Office premises of Rs. 3.75 Crores, includes Rs. 2.32 Crores of
 unquoted Shares (160 Equity Shares of A type and 1,280 equity shares of
 B type of Rs. 100 each fully paid-up) in Ruparelia Theatres P. Ltd. By
 virtue of Investment in shares, the Company is enjoying rights in the
 leasehold land and Rs. 1.44 Crores, towards construction contribution and
 exclusive use of terrace and allotted parking space.
 
 5.  The Company has ventured into Oil and Gas exploration business
 jointly with others, whereby two exploration blocks - at Palej and
 Aasam, has been awarded by Government of India through NELP - VI
 bidding round. All cost on acquisition, exploration and development
 incurred by the Company according to the participating interest (35%)
 are accounted under capital work-in-progress, as the extraction phase
 has not commenced.
 
 6.  Capital work-in-progress includes:-
 
 a) Building worth Rs. 0.85 Crores (PY. Rs. 0.65 Crores) which is in dispute
 and the matter is sub-judice.
 
 b) Agricultural Land worth Rs. 0.45 Crores (P.Y. Rs. 0.45 Crores) recovered
 under settlement of debts, in which certain formalities are yet to be
 executed.
 
 c) The Companys share in Unincorporated Joint Venture Assets of Rs.
 25.98 Crores (P.Y Rs. 25.98 Crores)
 
 7.  As at 31st March, 2011, the Company has reviewed the future
 earnings of all its cash generating units in accordance with the
 Accounting Standard 28, Impairment of Fixed Assets. On reviewing, it
 was found that some of its plant and machinery are not in use and held
 for disposal. However due to non determination of realizable value, no
 impairment loss has been recognised in connection with the same. The
 management is of the opinion that no impairment or reversal of loss is
 required with respect to other assets.
 
 8.  In the opinion of the Board, the current assets, loans and advances
 are approximately of the value stated, if realised in the ordinary
 course of business, except unless stated otherwise. The provision for
 all the known liabilities is adequate and not in excess of the amount
 considered reasonably necessary.
 
 9.  The Company had raised US$ 250 million by way of 25,000, 6% Foreign
 Currency Convertible Bonds (FCCBs) of US$ 10,000 each during the
 financial year ended 31st March, 2007.
 
 During the year 3,11,51,800 (P.Y. 34,01,700) Equity Shares, having face
 value of Rs. 1 each have been issued upon conversion of 21,484 FCCBs. At
 the year end there are no outstanding Foreign Currency Convertible
 Bonds.
 
 10.  The Company holds Redeemable Preference shares of its subsidiary,
 which are denominated in foreign currency. Such Preference Shares have
 been considered to be monetary assets for the purpose of AS-11, the
 Accounting Standard of the effects of changes in Foreign Exchange
 rates. As required by AS, the said monetary assets have been restated
 on the basis of the closing rate at the year end and the difference of
 Rs. 5.01 Crores (P.Y. Rs. 59.40 Crores) has been charged to Profit and Loss
 Account.
 
 12.  Disclosure Regarding Derivative Instruments and Unhedged Foreign
 Currency Exposure
 
 a) The outstanding foreign currency derivative contracts as at 31st
 March, 2011 in respect of various types of derivative hedge instruments
 and nature of risk being hedged are as follows:
 
 14.  MAT Credit Entitlement
 
 Based on assessment of the future taxable income, the Management is of
 the opinion that there is convincing evidence that the Company will pay
 normal income tax within the specified period during which MAT credit
 is available for set off. Accordingly, MAT credit entitlement assets
 (disclosed under loans & advances) of Rs. 14.07 Crores (P.Y. Rs. NIL) has
 been recognised during the year by way of a credit to profit and loss
 account.
 
 15.  Looking to the history and uncertainty attached to Target Plus
 Scheme - 2004-05, benefit under the scheme, will be accounted when
 certainty exists.
 
 17.  The Company has been engaged as Mine Developer cum Operator (MDO)
 for coal blocks allotted in the state of Chhattisgarh and Orissa to
 electricity boards of Rajasthan, Chhattisgarh, Uttar Pradesh,
 Maharashtra and Gujarat. The Company plans to carry out the role of MDO
 either through SPVs floated for the coal mining project or in the form
 of Joint Ventures with respective State Electricity Boards and through
 its 100% subsidiary Adani Mining Private Limited.
 
 18.  The Company has initiated legal proceedings against various
 parties for recovery of dues and such legal proceedings are pending at
 different stages as at the date of the Balance Sheet and are expected
 to materialise in recovering the dues in the future. Management is
 hopeful of their recovery. In the opinion of the Management adequate
 balance lying in General Reserve to meet the eventuality of this
 account being irrecoverable.
 
 19.  Other liabilities includes Rs. Nil (P.Y.Rs. 0.13 Crores), being
 temporary overdrawn balance in current account with scheduled banks.
 
 20.  a) Provision for taxation for the year has been made after
 considering allowance, claims and relief available to the Company as
 advised by the Companys tax consultants.
 
 b) Various taxes related legal proceedings are pending against the
 Company. Potential liabilities, if any, have been adequately provided
 for, and the management does not estimate any incremental liability in
 respect of the legal proceedings.
 
 c) Transfer pricing regulations :
 
 The Company has established a comprehensive system of maintenance
 information and documentation as required by the transfer pricing
 legislation under Section 92-92F of the Income Tax Act, 1961.
 
 The management is of the opinion that its international transactions
 are at arms length such that the aforesaid legislation will not have
 any impact on the financial statements, particularly on the amount of
 tax expense and that of provision for taxation.
 
 21.  (A) Contingent liabilities not provided for :
 
                                                      (Rs. In Crores)
 
 Particulars                                  As at         As at
                                   Rs.31st March, 2011  31st March, 2010
 
 a) Claims against the Company not 
 acknowledged as Debts                         3.00         10.08
 
 b) In respect of :
 
 Income Tax                                   30.42         13.45
 
 Service Tax                                  12.41         10.67
 
 Sales Tax                                    24.84         27.30
 
 Custom Duty                                  60.70         41.49
 
 Excise Duty                                   2.56          0.92
 
 FERA / FEMA                                   4.16          4.16
 
 Others                                        0.35
 
 c) In respect of Corporate Guarantee given:-
 
 I.  To its Subsidiaries                    345.20        294.80
 
 II.  For obligations of Associates           67.70        143.91
 
 d) Bills of Exchange Discounted              59.63        355.84
 
 e)In respect of Bank Guarantees given to 
    Government agencies.                     13.591         34.51
 
 f) Certain claims / show cause notices disputed have neither been
 considered as contingent liabilities nor acknowledged as claims, based
 on internal evaluation of the management.
 
 g) Show cause notice in terms of value of export goods under section14
 of the Customs Act, 1962 read with Section 11 of FTDR Act, 1992 and
 Rules 11 & 14 of FT (Regulation) Rule, 1993 and under Section 16 of the
 Foreign Exchange Management Act, 1999 read with Rule (4) of the Foreign
 Exchange Management (Adjudication Proceedings and Appeal) Rule, 2000 in
 which liability is uncertainable.
 
 h) Show cause notices issued under The Custom Act, 1962, wherein the
 Company has been asked to show cause why, penalty should not been
 imposed under Sections 112 (a) and 114 (iii) of The Custom Act,1962 in
 which liability is unascertainable.
 
 i) Investments are pledged with Banks / Financial Institutions towards
 collateral security for loan taken by a group Company.  Amount of
 contingent liability is to the extent of value of Shares Pledged.
 
 j) Complaint filed by Asst. Labour Commissioner, Hubli under Section 30
 of The Payment of Bonus Act, 1956. Matter being contested by the
 Company and projected liability in terms of penalty would be not more
 than ^ 0.01 Crore (PY ^ 0.01 Crore).
 
 k)Stamp duty & registration charges on fixed assets acquired during the
 year yet not determinable.
 
 l) In the matter of show cause notice, amount of interest and penalty
 not ascertainable, hence not disclosed.
 
 m) Show cause notice issued by DGCEI proposes for imposition penalties
 under Section 76 and Section 78 of the Finance | Act, 1994, in which
 liability is uncertain and not included.
 
 22.  In accordance with Accounting Standard 17 Segment Reporting
 segment information has been given in the consolidated financial
 statements of Adani Enterprises Ltd. and therefore, no separate
 disclosure on segment information is given in these financial
 statements.
 
 23.  The Company has circulated letters to all its suppliers requesting
 them to confirm whether they are covered under the Micro, Small and
 Medium Enterprises Act, 2006 (MSMED). The Company has not received
 any intimation from suppliers, regarding their status under the
 Micro, Small and Medium Enterprises Act, 2006 (MSMED) and hence
 disclosure requirements in this regards as per schedule-VI of the
 Companies Act ,1956 could not be provided.
 
 24.  No amounts are due for deposits as at the Balance Sheet date to
 the Investors Education and Protection Fund.
 
 25.  Items of Expenditure in the Profit and Loss Account include
 reimbursements for common sharing facilities to and by the Company.
 
 26.  Disclosure as required by the Accounting Standard 19, Leases as
 specified in the Companies (Accounting Standards) Rules, 2006 are given
 below :
 
 Where the Company is lessee:
 
 (i) The aggregate lease rentals payable are charged to the Profit and
 Loss Account as Rent in Schedule 18.
 
 (ii) The Leasing arrangements, which are cancellable at any time on
 month to month basis and in some cases between 11 months to 5 years,
 are usually renewable by mutual consent on mutually agreeable terms.
 Under these arrangements, generally interest free refundable deposits
 have been given.
 
 (iii) The Leasing arrangements, which are non-cancellable with
 Government of Karnataka represented by the Director of Ports & Inland
 Water Transport, Karnataka, for use of port land. Disclosure in respect
 of the same arrangements:
 
 27.  As per the Accounting Standard 21 on Consolidated Financial
 Statements as specified in the Companies (Accounting Standard) Rules
 2006, the Company has presented consolidated financial statements
 separately.
 
 31.  The Company has made provision in the accounts for Gratuity based
 on Actuarial valuation. The particulars under the AS 15 (Revised)
 furnished below are those which are relevant and available to company
 for this year.
 
 32.  As per the Accounting Standard 18, disclosure of transactions with
 related parties (As identified by the Management ), as defined in
 Accounting Standard are given below:
 
 i) Name of related parties & description of relationship_
 
 1.  Controlling Entity_
 
 Shantilal Bhudhermal Adani Family Trust (SBAFT)
 
 2.  Subsidiary Companies
 
 - Adani Infrastructure and Developers Pvt. Ltd.
 
 - Adani Developers Pvt. Ltd.
 
 - Adani Landscapes Pvt. Ltd.
 
 - Columbia Chrome (India) Pvt. Ltd.
 
 - Shantigram Estate Management Pvt. Ltd.
 
 - Belvedere Golf and Country Club Pvt. Ltd.
 
 - Lushgreen Landscapes Pvt. Ltd.
 
 - Jade Food and Properties Pvt. Ltd.
 
 - Jade Agricultural Co. Pvt. Ltd.
 
 - Rohit Agri Trade Pvt. Ltd.
 
 - Panchdhara Agro Farms Pvt. Ltd.
 
 - Adani Agri Logistics Ltd.
 
 - Adani Agri Fresh Ltd.
 
 - Adani Power Ltd.
 
 - Adani Power Maharashtra Ltd.
 
 - Adani Power Rajasthan Ltd.
 
 - Adani Power Dahej Ltd.
 
 - Adani Pench Power Ltd.
 
 - Mundra Power SEZ Ltd.
 
 - Kutchh Power Generation Ltd.
 
 - Maharashtra Eastern Grid Power Transmission Company Ltd.
 
 - Mahaguj Power Ltd.
 
 - Adani Mining Pvt. Ltd.
 
 - Sarguja Rail Corridor Pvt. Ltd.
 
 - Chendipada Collieries Pvt. Ltd.
 
 - Mundra Port and Special Economic Zone Ltd.
 
 - Mundra SEZ Textile and Apparel Park Pvt. Ltd.
 
 - Karnavati Aviation Pvt. Ltd.
 
 - MPSEZ Utilities Pvt. Ltd.
 
 - Rajasthan SEZ Pvt. Ltd.
 
 - Adani Logistics Ltd.
 
 - Mundra International Airport Pvt. Ltd.
 
 - Adani Murmugao Port Terminal Pvt. Ltd.
 
 - Adani Hazira Port Pvt. Ltd.
 
 - Adani Petronet (Dahej) Port Pvt. Ltd.
 
 - Hazira Infrastructure Pvt. Ltd.
 
 - Hazira Road Infrastructure Pvt. Ltd.
 
 - Adani Energy Ltd.
 
 - Adani Gas Ltd.
 
 - PT Karya Pernitis Sejati, Indonesia
 
 - PT Lamindo Inter Multikon, Indonesia
 
 - PT Mitra Naiga Mulia, Indonesia
 
 - PTPahalaBuanaAbadi, Indonesia
 
 - PT Sumber Bumi Lestari, Indonesia
 
 - PT Suar Harapan Bangsa, Indonesia
 
 - PT Tambang Sejahtera Bersama, Indonesia_
 
 - Adani Estates Pvt. Ltd.
 
 - Adani Land Developers Pvt. Ltd.
 
 - Swayam Realtors and Traders Ltd.
 
 - Miraj Impex Pvt. Ltd.
 
 - Adani Mundra SEZ Infrastructure Pvt. Ltd.
 
 - Shantigram Utility Services Pvt. Ltd.
 
 - Natural Growers Pvt. Ltd.
 
 - Jade Agri Land Pvt. Ltd.
 
 - Rajendra Agri Trade Pvt. Ltd.
 
 - Aaloka Real Estate Pvt. Ltd.
 
 - Mundra LNG Ltd.
 
 - Adani Cements Ltd.
 
 - Adani Shipping (India) Pvt. Ltd.
 
 - Adani Infra (India) Ltd.
 
 - Adani Global Ltd., Mauritius
 
 - Adani Global Pte. Ltd., Singapore
 
 - Adani Shipping Pte. Ltd., Singapore
 
 - Rahi Shipping Pte. Ltd., Singapore
 
 - Vanshi Shipping Pte. Ltd., Singapore
 
 - Adani Power Pte. Ltd., Singapore
 
 - Adani Global FZE, Dubai
 
 - Adani Power (Overseas) Ltd., Dubai
 
 - Adani Mining Pty Ltd., Australia
 
 - PT Adani Global, Indonesia
 
 - PT Kapuas Coal, Mining, Indonesia
 
 - PT Adani Global Coal Trading, Indonesia (Formerly PT Aneka Sumber
 Bumi, Indonesia)
 
 - PT Coal Indonesia, Indonesia
 
 - PT Mundra Coal, Indonesia
 
 - PT Sumber Bara, Indonesia
 
 - PT Energy Resources, Indonesia
 
 - PT Sumber Dana Usaha, Indonesia
 
 - PT Setara Jasa, Indonesia
 
 - PT Niaga Antar Bangsa, Indonesia
 
 - PT Niaga Lintas Samudra, Indonesia
 
 - PTAndalas Bumi Persada, Indonesia
 
 - PT Citra Persada Luhur, Indonesia
 
 - PT Gemilang Pusaka Pertiwi, Indonesia
 
 - PT Adani Sumselon, Indonesia
 
 - PT Hasta Mundra, Indonesia
 
 - Adani Virginia Inc.  (Upto 1st October, 2010)
 
 - Bay Bridge Enterprise LLC (Upto 1st October, 2010)
 
 - M/s. Adani Township & Real Estate Company
 
 - M/s. Adani Exports
 
 - Adani Renewable Energy LLP
 
 3.Associate Entities with whom transactions done during the year
 
 - Aditya Corpex Pvt. Ltd.  - M/s. Ezy Global
 
 - Hinduja Exports Pvt. Ltd.  - Adani Agro Pvt. Ltd.
 
 - M/s. Adani Commodities (Formerly Adani Investments) - Adani
 Properties Pvt. Ltd.
 
 - iCall India Pvt. Ltd.  - GSEC Limited (Upto 25th November, 2010)
 
 4.Joint Control
 
 - Adani Wilmar Ltd.  - Chemoil Adani Pte Ltd., Singapore
 
 - Parsa Kente Collieries Ltd.  - Adani Welspun Exploration Ltd.
 
 - Chemoil Adani Pvt. Ltd.- Adani Wilmar Pte. Ltd., Singapore_
 
 5.  Key Management Personnel
 
 - Shri GautamS. Adani, Chairman - Shri Devang S. Desai, Executive
 Director & CFO
 
 - Shri Rajesh S. Adani, Managing Director
 
 6.  Relatives of Key Management Personnel with whom transactions done
 during the year
 
 Shri Vinod S. Adani
 
 Disclosure in Respect of Material Related Party Transactions during the
 year :
 
 1.  Sales (Net of Return) to
 
 (a) Subsidiary Companies/Firms: M/s. Adani Exports Rs. 47.68 Crores (P.Y.
 Rs. 2,320.23 Crores); Adani Global FZE Rs. Nil (P.Y Rs. 21.65 Crores); Adani
 Global Pte Ltd. Rs. Nil (P.Y Rs. 63.76 Crores); Adani Power Limited ^11.68
 Crores (P.Y. Rs. Nil)
 
 (b) Associate or Joint Control Entities : Aditya Corpex Pvt. Ltd. Rs.
 2.58 Crores (P.Y. Rs. 3.52 Crores); GSEC Ltd. Rs. Nil (P.Y. Rs. 2.16 Crores);
 Adani Wilmar Ltd. Rs. 0.45 Crore (P.Y. Rs. 69.49 Crores); Chemoil Adani
 Pvt. Ltd. Rs. Nil (P.Y. Rs. 37.39 Crores).
 
 2.  Purchase (Net of Return) from
 
 (a) Subsidiary Companies: Adani Global FZE Rs. 96.90 Crores (P.Y. Rs.
 299.97 Crores); Adani Global Pte Ltd. Rs. 910.99 Crores (P.Y. Rs. 1,558.56
 Crores); Adani Power Ltd. Rs. 255.19 Crores (P.Y. Rs. 437.04 Crores).
 
 (b) Associate or Joint Control Entities : Adani Wilmar Ltd. Rs. Nil (P.Y.
 Rs. 0.64 Crores); Aditya Corpex Pvt. Ltd. Rs. 0.21 Crores (P.Y. Rs. Nil);
 M/s. Ezy Global Rs. 0.07 Crores (P.Y. Rs. Nil).
 
 3.  Sale of Fixed Asset to
 
 (a) Subsidiary Companies: Adani Global FZE Rs. Nil (P.Y. Rs. 0.50 Crores);
 Adani Power Ltd. Rs. Nil (P.Y. Rs. 0.08 Crores); Adani Mining Pvt.  Ltd. Rs.
 0.01 Crores (P.Y. Rs. 0.07 Crores); Mundra Port & Special Econimic Zone
 Ltd. Rs. 0.05 Crores (P.Y. Rs. Nil).
 
 (b) Associate or Joint Control Entities : GSEC Ltd. Rs. Nil (P.Y. Rs. 0.07
 Crores); Adani Wilmar Ltd. Rs. 0.21 Crores (P.Y. Rs. 0.11 Crores); Chemoil
 Adani Pvt. Ltd. Rs. 0.14 Crores (P.Y. Rs. 0.04 Crores).
 
 4.  Purchase of Fixed Asset from
 
 (a) Subsidiary Companies/Firms: Adani Agri Fresh Ltd. Rs. Nil (P.Y. Rs.
 0.06 Crores); Adani Infrastructure and Developers Pvt. Ltd. Rs. Nil (P.Y.
 Rs. 0.09 Crores); M/s. Adani Township & Real Estate Co. Rs. 56.42 Crores
 (P.Y. Rs. Nil), Adani Renewable Energy LLP Rs. 53.76 Crores (P.Y. Rs. Nil).
 
 (b) Associate or Joint Control Entities :Chemoil Adani Pvt. Ltd. Rs. Nil
 (P. Y Rs. 0.01 Crores); iCall India Pvt. Ltd Rs. 0.01 Crores (P.Y. Rs. Nil).
 
 5.  Purchase of Investments from
 
 (a) Subsidiary Companies: Adani Mining Pvt. Ltd. Rs. Nil (P.Y. Rs. 0.15
 Crores); Adani Infrastructure and Developers Pvt. Ltd.  Rs. 0.05 Crores
 (P.Y. Rs. Nil).
 
 (b) Associate or Joint Control Entities : Nil
 
 6.  Interest - received from / (paid to):
 
 (a) Subsidiary Companies: Adani Infrastructure and Developers Pvt.
 Ltd.Rs. 31.23 Crores (P.Y. Rs. 55.26 Crores); Adani Power Limited Rs. 85.74
 Crores (P.Y. Rs. Nil); Kutchh Power Generation Limited Rs. 15.47 Crores
 (PY. Rs. Nil); Adani Power Dahej Limited Rs. 12.45 Crores (P.Y. Rs. Nil);
 Adani Infra (India) Ltd. Rs. (18.20) Crores (P.Y. Rs. Nil); Mundra Port &
 Special Econimic Zone Ltd. Rs. (8.73) Crores (P.Y. t Nil); M/s. Adani
 Townships and Real Estate Co. Rs. 21.15 Crores (P.Y. Rs. 19.05 Crores);
 
 (b) Associate or Joint Control Entities : Aditya Corpex Pvt. Ltd. Rs. Nil
 (P.Y. Rs. 5.00 Crores); Adani Welspun Exploration Ltd. Rs. 5.39 Crores
 (P.Y. Rs. 1.28 Crores ); Parsa Kente Collieries Ltd. Rs. 0.28 Crores (P.Y.
 Rs. 0.43 Crores).
 
 7.  Dividend received from subsidiary Company Mundra Port & Special
 Econimic Zone Ltd. Rs. 124.19 Crores (P.Y. Rs. Nil).
 
 8.  Funds given [includes investment in Preference shares/equity
 participation/business arrangement] to
 
 (a) Subsidiary Companies: Adani Power Limited Rs. 3,638.94 Crores (P.Y. Rs.
 138.75 Crores); Adani Infrastructure and Developers Pvt.  Ltd. Rs. 727.32
 Crores (P.Y. Rs. 966.16 Crores); M/s. Adani Townships and Real Estate Co.
 Rs. 421.89 Crores (P.Y Rs. 382.57 Crores)
 
 (b) Associate or Joint Control Entities : Aditya Corpex Pvt. Ltd. Rs.
 91.50 Crores (P.Y. Rs. 453.63 Crores); Adani Agro Pvt. Ltd.  Rs. 717.43
 Crores (P.Y. Rs. 235.96 Crores); Adani Welspun Exploration Ltd. Rs. 189.07
 Crores (P.Y. Rs. 74.16 Crores); Adani Wilmar Ltd. Rs. 127.93 Crores (P.Y. Rs.
 1.78 Crores).
 
 (c) Key Management Personnel: Mr. Gautam S. Adani Rs. 36.00 Crores (P.Y.
 Rs. Nil), Mr. Rajesh S. Adani Rs. 28.50 Crores (P.Y. Rs. Nil)
 
 9.  Funds received [including redemption of Preference shares/business
 arrangement] from
 
 (a) Subsidiary Companies: Adani Infrastructure and Developers Pvt. Ltd.
 Rs. 885.08 Crores (P.Y. Rs. 183.32 Crores); Adani Infra (India) Ltd. Rs.
 730.00 Crores (P.Y. Rs. Nil); Mundra Port & Special Econimic Zone Ltd. Rs.
 788.41 Crores (P.Y. Rs. Nil); Adani Developers Pvt. Ltd. Rs. Nil (P.Y. Rs.
 76.00 Crores); Adani Power Ltd. Rs. 2,888.45 Crores (P.Y. Rs. 147.54
 Crores).
 
 (b) Associate or Joint Control Entities : Aditya Corpex Pvt. Ltd. Rs.
 91.50 Crores (P.Y. Rs. 453.53 Crores); Adani Agro Pvt. Ltd.  Rs. 104.53
 Crores (P.Y. Rs. 848.86 Crores); Adani Welspun Exploration Ltd. Rs. 6.76
 Crores (P.Y. Rs. 72.98 Crores).
 
 (c) Key Management Personnel: Mr. Gautam S. Adani Rs. 36.00 Crores (P.Y.
 Rs. Nil), Mr. Rajesh S. Adani Rs. 28.50 Crores (P.Y. Rs. Nil)
 
 10.  Service rendered to
 
 (a) Subsidiary Companies: Adani Agri Fresh Ltd. Rs. Nil (P.Y. ^ 0.10
 Crores); Adani Agri Logistics Ltd. Rs. Nil (P.Y. Rs. 0.09 Crores); Adani
 Power Ltd. Rs. 0.24 Crores (P.Y. Rs. 3.29 Crores); Adani Gas Ltd.Rs. 0.13
 Crores (P.Y. Rs. 11.09 Crores); Adani Shipping (India) Pvt. Ltd. Rs. 0.17
 Crores (P.Y. Rs. Nil); Mundra Port & Special Economic Zone Ltd. Rs. 0.06
 Crores (P.Y. Rs. 3.00 Crores);
 
 (b) Associate or Joint Control Entities : Adani Wilmar Ltd. Rs. 0.10
 Crores (P.Y. Rs. 0.13 Crores); Adani Welspun Exploration Ltd.  Rs. 0.02
 Crores (P.Y. Rs. Nil ); Chemoil Adani Pvt. Ltd. Rs. Nil (P.Y. Rs. 0.01
 Crores).
 
 11.  Service availed from
 
 (a) Subsidiary Companies : Mundra Port & Special Economic Zone Ltd.
 Rs.175.17 Crores (P.Y. Rs. 678.19 Crores)
 
 (b) Associate or Joint Control Entities: Adani Wilmar Ltd. Rs. Nil (P.Y.
 Rs. 0.03 Crores).
 
 12.  Profit/(Loss) Sharing/Business Arrangement from Subsidiary
 companies/Firms: M/s. Adani Exports % 7.42 Crores (P.Y. Rs. 147.88
 Crores); Adani Global Pte Ltd. Rs. Nil (P.Y. Rs. 9.25 Crores).
 
 13.  Rent paid to Associate or joint control entities: Adani Properties
 Pvt. Ltd. Rs. 0.43 Crores (P.Y. Rs. 0.50 Crores); Adani Wilmar Ltd. Rs. 0.02
 Crores (P.Y. Rs. 0.02 Crores); Shri Vinod S. Adani Rs. 0.02 Crores (P.Y. Rs.
 0.02 Crores).
 
 14.  Rent received from
 
 (a) Subsidiary Companies : Mundra Port & Special Economic Zone Ltd. Rs.
 0.03 (P.Y. Rs. 0.02 Crores);
 
 (b) Associate or Joint Control Entities : Adani Wilmar Ltd. Rs. 0.71
 Crores (P.Y. Rs. 0.42 Crores).
 
 15.  Remuneration to Key managerial persons: Mr. Gautam S. Adani Rs. 1.56
 Crores (P.Y. Rs. 1.92 Crores); Mr. Rajesh S. Adani Rs. 3.08 Crores (P.Y. Rs.
 2.71 Crores); Mr. Devang S. Desai Rs. 5.24 Crores (P.Y. Rs. 0.19 Crore).
 
 16.  Guarantee & Collateral securities to
 
 (a) Subsidiary Companies: Adani Agri Fresh Ltd. Rs. Nil (P.Y. Rs. 60.00
 Crores); Adani Global Pte Ltd. Rs. 44.65 Crores (P.Y. Rs. 45.14 Crores);
 Adani Global FZE Rs. 89.30 Crores (P.Y. Rs. 90.28 Crores).
 
 (b) Associate or Joint Control Entities : Adani Wilmar Ltd. Rs. 67.70
 Crores (P.Y. Rs. 83.91 Crores); Adani Welspun Exploration Ltd.  Rs. 211.25
 Crores (P.Y. Rs. 159.38 Crores).
 
 33.  Rights Issue
 
 a. During the financial year, the company has completed Rights Issue
 comprising of 3,11,26,659 equity shares at a price of Rs. 475 per equity
 share aggregating to Rs. 1,478.52 Crores to its existing shareholders.
 The share premium of Rs. 474 per equity share, amounting to Rs. 1,475.40
 Crores has been credited to Securities Premium Account. The Rights
 issue expenses amounting to Rs. 1.83 Crores, after netting off tax of Rs.
 0.66 Crores have been adjusted to Securities Premium Account.
 
 34.  Qualified Institutional Placement
 
 a. The Company has raised a sum of Rs. 4,000.00 Crores through Qualified
 Institutional Placement (QIP) and allotted 7,46,05,987 Equity shares of
 Rs. 1 each at a premium of Rs. 535.15 per Equity share to various Qualified
 Institutional Buyers on 29th July, 2010 in accordance with Chapter VIII
 of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
 2009.
 
 38. Quantitative information pursuant to para 3(i)(a) and 3(ii)(b) of
 part II of Schedule VI is not being disclosed in terms of General
 Exemption granted by the Ministry of Corporate Affairs, Government of
 India vide its Notification No. S. O. 301 (E) dated 8th February, 2011.
 
 40.  The Ministry of Corporate Affairs, Government of India vide its
 General Circular No.: 2/2011 dated 8th February, 2011 has granted
 general exemption to the Holding Companies from attaching balance
 sheets of Subsidiary Companies with the balance sheet of the Holding
 Company as per Section 212(8) of the Companies Act,1956 subject to
 fulfillment of certain conditions. Accordingly the Board of Directors
 of the company has passed the resolution giving consent for not
 attaching the balance sheets of the Subsidiary Companies with that of
 the Company.
 
 41.  On account of Scheme of arrangement and amalgamation with Company
 in the current year previous years figures are not strictly
 comparable. Previous year figures have been regrouped and reclassified
 wherever necessary to confirm to this years classification.