ACC LTD Annual Reports 2015

A Trusted Brand
ACC LIMITED
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80
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Contents
02 - 03
Hallmark of Quality
- Cement & Concrete
04 - 05
Customer Excellence
Board of Directors
(as on February 10, 2016)
Mr N S Sekhsaria
Chairman
Mr Bernard Terver
Deputy Chairman
06 - 07
Innovative &
Future Ready
08 - 09
Leadership &
Governance
10 - 11
A Brand that Cares
12
People
- Architects of Success
13 - 16
Performance Highlights
17 Financial Highlights
18 Value Added Statement
19 Notice
30 Boards Report and Management
Discussion & Analysis
50 Annexures A-G to Boards Report
74 Corporate Governance Report
105 Business Responsibility Report
117 Financial Analysis
126 Auditors Report
130 Balance Sheet
131 Statement of Profit and Loss
132 Cash Flow Statement
134 Notes to Financial Statements
177 Form AOC-1
179 Consolidated Financial Statements
Subsidiary Companies
234 ACC Mineral Resources Limited
258 Bulk Cement Corporation (India)
Limited
282 Lucky Minmat Limited
301 National Limestone Company Private
Limited
320 Singhania Minerals Private Limited
Mr Harish Badami
Chief Executive Officer &
Managing Director
Mr Eric Olsen
Mr Shailesh Haribhakti
Mr Sushil Kumar Roongta
Mr Ashwin Dani
Mr Farrokh K Kavarana
Mr Vijay Kumar Sharma
Mr Arunkumar R Gandhi
Mrs Falguni Nayar
Mr Christof Hassig
AUDIT COMMITTEE
Mr Arunkumar R Gandhi
Chairman
Mr Bernard Terver
Mr Ashwin Dani
STAKEHOLDERS
RELATIONSHIP
COMMITTEE
Mr Bernard Terver
Chairman
Mr Harish Badami
NOMINATION &
REMUNERATION
COMMITTEE
Mr Ashwin Dani
Chairman
Mr N S Sekhsaria
Mr Bernard Terver
Mr Eric Olsen
CORPORATE SOCIAL
RESPONSIBILITY
COMMITTEE
Chairman
Mrs Falguni Nayar
Mr Bernard Terver
Mr Harish Badami
RISK MANAGEMENT
COMMITTEE
Chairman
Mrs Falguni Nayar
Mr Bernard Terver
Mr Harish Badami
COMPLIANCE COMMITTEE
Chairman
Mr Bernard Terver
Mr Harish Badami
CAPEX COMMITTEE
Mr Bernard Terver
Chairman
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EXECUTIVE COMMITTEE
Mr Harish Badami
CEO & Managing Director
(Chairman of Executive
Committee)
Mr Sunil K Nayak
Chief Financial Officer
Mr Naveen Chadha
Chief Manufacturing
Officer
Mr Jayanta DattaGupta
Chief Marketing Officer
Mr Behram Sherdiwala
Chief People Officer
Mr Pierre-Alexandre de
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Chief Procurement Officer
COMPANY SECRETARY &
HEAD COMPLIANCE
Mr Burjor D Nariman
AUDITOR
S R B C & CO LLP
COST AUDITOR
N I Mehta & Co.
BANKERS
State Bank of India
Citibank NA
HDFC Bank Limited
REGISTERED OFFICE
Cement House
121 Maharshi Karve Road
Mumbai 400 020
Website:
www.acclimited.com
Hallmark of Quality
- Cement & Concrete
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NET SALES, OPERATING EBITDA &

OPERATING EBITDA MARGIN
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20
20
8000
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4000
2000
10000

1921

10

2011*
2012

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4000
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24.11

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1800

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2012
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400

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24
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4000

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11
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28

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'LYLGHQG3D\RXW5DWLR

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70

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8048

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8000
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Asset Turnover Ratio
8000
EMPLOYEES AT THE YEAR END &

AVERAGE SALES PER EMPLOYEE

2011
2012

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9000

1.4
1.1

0.8

2011
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2014

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400
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20000
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8000
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Corporate Overview
Financial Highlights
Board & Management Reports
Financial Statements
STANDALONE FINANCIAL HIGHLIGHTS

` Crore
Particulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Cement Production (Million Tonnes)
23.84
24.24
23.86
24.12
23.46
21.14
21.37
20.84
19.92
18.70
Cement Sales (Million Tonnes)
23.62
24.21
23.93
24.11
23.73
21.29
21.50
21.01
19.97
18.86
77%
78%
78%
79%
81%
77%
91%
93%
91%
90%
11,433 11,481 10,889 11,130
9,430
7,710
7,967
7,126
6,905
5,803
Capacity utilisation
INCOME STATEMENT
Net Sales
Operating EBITDA
1,537
1,507
1,629
2,196
1,921
1,812
2,644
1,899
1,993
1,717
3URoWEHIRUHH[FHSWLRQDOLWHPDQGWD[
937
1,135
1,227
1,787
1,540
1,461
2,294
1,688
1,717
1,459
3URoWEHIRUH7D[
784
1,135
1,227
1,451
1,540
1,461
2,294
1,737
1,930
1,620
3URoWDIWHU7D[
592
1,168
1,096
1,061
1,325
1,120
1,607
1,213
1,439
1,232
8,443
8,236
7,825
7,383
7,192
6,469
6,016
4,928
4,153
3,142
35
163
511
524
567
482
306
771
1HW)L[HG$VVHWV,QFOXGLQJ&:,3
7,656
7,513
6,324
6,175
6,573
6,548
6,113
4,717
3,741
3,396
Cash and cash equivalents
1,389
1,686
2,621
3,137
2,932
2,388
1,876
1,438
1,489
1,080
BALANCE SHEET
Net Worth
/RQJWHUPERUURZLQJV
Current Assets
3,609
3,485
3,476
3,098
3,691
2,751
2,458
3,116
2,426
2,006
&XUUHQW/LDELOLWLHV
3,893
3,900
3,726
3,863
3,768
3,746
3,114
2,766
2,221
1,672
Capital Employed
8,443
8,236
7,860
7,546
7,703
6,993
6,583
5,410
4,459
3,913
Operating EBITDA margin
13%
13%
15%
20%
20%
24%
33%
27%
29%
30%
Average Return on Capital Employed
11%
14%
16%
24%
22%
22%
39%
35%
42%
42%
7%
14%
14%
14%
18%
17%
27%
25%
35%
39%
SIGNIFICANT RATIOS
Return on Net Worth

Current Ratio
0.93
0.89
0.93
0.80
0.98
0.73
0.72
1.00
0.99
1.15
'HEWV(TXLW\5DWLR
0.004
0.02
0.07
0.08
0.09
0.10
0.07
0.25
Price Earning Ratio
43.07
22.56
18.91
25.15
16.29
18.04
10.23
7.39
13.74
16.44
1HWZRUWKSHU6KDUH`)
450
439
416
393
385
345
320
263
221
168
Dividend per share (`)
17.00
34.00
30.00
30.00
28.00
30.50
23.00
20.00
20.00
15.00
Basic Earnings per Share (`)
31.51
62.23
58.36
56.52
70.59
59.66
85.60
64.63
76.75
66.02
Cash Earnings per Share (`)
74.40
91.93
88.93 104.15
95.90
80.57 103.83
80.31
93.03
79.64
Operating activities
1,461
1,332
1,056
1,577
1,571
1,935
1,708
2,023
1,422
Investing activities
(948) (1,437)
(858)
(311)
(258)
(812) (1,505) (1,170)
(824)
(483)
Financing activities
(681)
(834) (1,066)
(768)
(621)
(297) (1,075)
(423)
CASH FLOWS
1HWFDVKSURYLGHGE\XVHGLQ
(837)
2,397
(455)
17
ACC Limited
Notes:
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VALUE ADDED STATEMENT

(` in Crore)
2015
2014
2013
2012
2011
8,443
8,236
7,825
7,383
7,192
/RQJWHUP'HEWV
35
163
511
Capital employed
8,443
8,236
7,860
7,546
7,703
Average Capital Employed
8,339
8,048
7,703
7,625
7,348
692
1,168
1,096
1,288
1,325
31
32
692
1,169
1,100
1,319
1,357
&RVWRI&DSLWDO
1,074
1,038
1,017
919
897
Value added
(382)
131
83
400
460
8.30
14.53
14.28
17.30
18.47
:HLJKWHG$YHUDJH&RVWRI&DSLWDO
12.88
12.90
13.20
12.05
12.20
Value added / Average Capital Employed (%)
(4.58)
1.63
1.08
5.25
6.27
25,546
26,287
20,806
26,836
21,345
35
163
511
1,389
1,686
2,621
3,137
2,932
24,157
24,601
18,220
23,862
18,924
2.86
2.99
2.32
3.16
2.46
Equity
Value added
1HWRSHUDWLQJSURoWDIWHUWD[HV
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Enterprise Value
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EV / Yr. End Capital Employed (Times)
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18
Corporate Overview
NOTICE
NOTICE IS HEREBY GIVEN THAT THE EIGHTIETH
ANNUAL GENERAL MEETING OF ACC LIMITED
(CIN:L26940MH1936PLC002515) will be held at Birla
Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg,
Mumbai 400 020 on Wednesday, April 13, 2016 at
3.00 p.m. to transact the following business:
SPECIAL BUSINESS
ORDINARY BUSINESS
5.
Appointment of Mr Eric Olsen as Non-Executive /

Non-Independent Director
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an Ordinary Resolution:
1.
To consider and adopt:

(i)
Company to be held in 2017 on such remuneration

SOXVVHUYLFHWD[RXWRISRFNHWH[SHQVHVHWFDVPD\
be mutually agreed upon by the Board of Directors
and the Auditors.
the Audited Standalone Financial Statements

RI WKH &RPSDQ\ IRU WKH oQDQFLDO \HDU HQGHG
December 31, 2015 and the Reports of the Board
of Directors and the Auditors thereon.
RESOLVED THAT SXUVXDQW WR WKH SURYLVLRQV

RI 6HFWLRQ DQG RWKHU DSSOLFDEOH SURYLVLRQV
of the Companies Act, 2013 (the Act) read with
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of Directors) Rules, 2014 (the Rules), including
DQ\ VWDWXWRU\ PRGLoFDWLRQV RU UHHQDFWPHQWV
WKHUHRI IRU WKH WLPH EHLQJ LQ IRUFH 0U (ULF 2OVHQ
KDYLQJ 'LUHFWRU ,GHQWLoFDWLRQ 1XPEHU
who was appointed by the Board of Directors, as
an Additional Director of the Company with effect
from July 17, 2015, pursuant to Section 161 of the
Act and the Articles of Association of the Company,
DQG ZKR KROGV RIoFH XSWR WKH GDWH RI WKLV $QQXDO
General Meeting of the Company, who being eligible,
offers himself for appointment and in respect of
ZKRPWKH&RPSDQ\KDVUHFHLYHGDQRWLFHLQZULWLQJ
under Section 160 of the Act, from a Member
SURSRVLQJWKHFDQGLGDWXUHRI0U2OVHQIRUWKHRIoFH
of Director, be and is hereby appointed as a Director
RIWKH&RPSDQ\LQWKHFDWHJRU\RID1RQ([HFXWLYH
Non-Independent Director.
(ii) the Audited Consolidated Financial Statements

RI WKH &RPSDQ\ IRU WKH oQDQFLDO \HDU HQGHG
December 31, 2015 and the Reports of the Board
of Directors and the Auditors thereon.
7RGHFODUHoQDOGLYLGHQGRQ(TXLW\6KDUHV
3.
To appoint a Director in place of Mr Vijay Kumar

6KDUPDD1RQ([HFXWLYH1RQ,QGHSHQGHQW'LUHFWRU
who retires by rotation and being eligible offers
himself for re-appointment.
4.
Appointment of Statutory Auditors
RESOLVED THAT SXUVXDQW WR WKH SURYLVLRQV RI
6HFWLRQV DQG RWKHU DSSOLFDEOH SURYLVLRQV
if any, of the Companies Act, 2013 (the Act) and The
Companies (Audit and Auditors) Rules, 2014 (the
5XOHV LQFOXGLQJ DQ\ VWDWXWRU\ PRGLoFDWLRQV RU
re-enactment(s) thereof for the time being in force,
Messrs S R B C & CO LLP, Chartered Accountants,
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ZKR KDYH RIIHUHG WKHPVHOYHV IRU UHDSSRLQWPHQW
DQG KDYH FRQoUPHG WKHLU HOLJLELOLW\ WR EH
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Section 141 of the Act and the Rules, be and are hereby
re-appointed as Statutory Auditors of the Company
IRU WKH )LQDQFLDO <HDU WR KROG RIoFH IURP WKH
conclusion of this Annual General Meeting until the
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6.
Appointment
of
Mr
Christof
Hassig
Non-Executive / Non-Independent Director
as
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the Companies Act, 2013 (the Act) read with The
&RPSDQLHV $SSRLQWPHQW DQG 4XDOLoFDWLRQV RI
Directors) Rules, 2014 (the Rules), including any
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for the time being in force, Mr Christof Hassig
19
ACC Limited
Companies (Audit and Auditors) Rules, 2014

iQFOXGLQJ DQ\ VWDWXWRU\ PRGLoFDWLRQV RU
re-enactment(s) thereof for the time being in force,
the remuneration payable to Messrs N I Mehta &
&R &RVW $FFRXQWDQWV KDYLQJ )LUP 5HJLVWUDWLRQ
No. 000023, appointed by the Board of Directors of
the Company as Cost Auditors to conduct the audit
of the cost records of the Company for the Financial
Year 2016, being ` ODNK 5XSHHV (OHYHQ ODNK
DVDOVRWKHSD\PHQWRIVHUYLFHWD[DVDSSOLFDEOHDQG
UHLPEXUVHPHQW RI RXWRISRFNHW H[SHQVHV HWF
incurred by them in connection with the aforesaid
DXGLWEHDQGLVKHUHE\UDWLoHGDQGFRQoUPHGy
who was appointed by the Board of Directors as an

Additional Director of the Company with effect from
December 9, 2015, pursuant to Section 161 of the Act
and the Articles of Association of the Company, and
ZKRKROGVRIoFHXSWRWKHGDWHRIWKLV$QQXDO*HQHUDO
Meeting of the Company, who being eligible, offers
himself for appointment and in respect of whom
WKH&RPSDQ\KDVUHFHLYHGDQRWLFHLQZULWLQJXQGHU
Section 160 of the Act, from a Member proposing
WKH FDQGLGDWXUH RI 0U +DVVLJ IRU WKH RIoFH RI
Director, be and is hereby appointed as a Director of
WKH &RPSDQ\ LQ WKH FDWHJRU\ RI D 1RQ([HFXWLYH
7.
Appointment of Mr Martin Kriegner

Non-Executive / Non-Independent Director
as
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PRGLoFDWLRQV WKH IROORZLQJ 5HVROXWLRQ DV DQ
Ordinary Resolution:
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the Companies Act, 2013 (the Act) read with The
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Directors) Rules, 2014 (the Rules), including any
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for the time being in force, Mr Martin Kriegner
who was appointed by the Board of Directors, as an
February 11, 2016, pursuant to Section 161 of the Act
and the Articles of Association of the Company, and
ZKRKROGVRIoFHXSWRWKHGDWHRIWKLV$QQXDO*HQHUDO
Meeting of the Company, who being eligible, offers
himself for appointment and in respect of whom
WKH&RPSDQ\KDVUHFHLYHGDQRWLFHLQZULWLQJXQGHU
Section 160 of the Act, from a Member proposing
WKH FDQGLGDWXUH RI 0U .ULHJQHU IRU WKH RIoFH RI
Director, be and is hereby appointed as a Director of
WKH &RPSDQ\ LQ WKH FDWHJRU\ RI D 1RQ([HFXWLYH
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if any, of the Companies Act, 2013 and The
20
9.
Adoption of the new Articles of Association
a Special Resolution:
RESOLVED THAT pursuant to Section 14 and other
DSSOLFDEOH SURYLVLRQV LI DQ\ RI WKH &RPSDQLHV
Act, 2013 read with The Companies (Incorporation)
Rules 2014 LQFOXGLQJDQ\VWDWXWRU\PRGLoFDWLRQVRU
re-enactment(s) thereof, for the time being in force),
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Registrar of Companies and other authorities as
may be applicable, and subject to such terms and
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prescribed by any such appropriate authority, which
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hereinafter referred to as the Board (which
includes a duly constituted committee thereof), is
authorized to accept the consent of the Company
be and is hereby granted to amend the Articles
of Association of the Company as per the draft
placed before the Meeting, duly initialed by a Director
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be and is hereby adopted as the new set of Articles
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Articles of Association,
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such directions, as may be in its absolute discretion
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arise in this regard and do all such acts, things,
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RESOLVED FURTHER THAT any Director of the

Company or the Company Secretary & Head
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prescribed forms, returns, documents, applications
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Articles of Association,
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Corporate Members intending to send their

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General Meeting, pursuant to Section 113 of the
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behalf at the Meeting.
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of this resolution be submitted to the prescribed
authorities.
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slips enclosed herewith duly completed and signed
mentioning therein details of their DP ID and
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joint holder who is higher in the order of names will
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Section 102 of the Companies Act, 2013, in respect
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In respect of Resolutions at Item Nos. 3, 5 to 7, a

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A MEMBER ENTITLED TO ATTEND AND VOTE AT THE

ANNUAL GENERAL MEETING IS ENTITLED TO APPOINT
A PROXY TO ATTEND AND VOTE IN THE MEETING
INSTEAD OF HIMSELF AND A PROXY NEED NOT BE A
MEMBER OF THE COMPANY.
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for inspection by the Members at the Companys
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during business hours upto the date of the Meeting.
i.
The Register of Members and Share Transfer Books

of the Company will be closed from Wednesday,
February 24, 2016 to Monday, February 29, 2016,
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will be made to those Members of the Company
whose names stand on the Register of Members of
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in respect of shares held in dematerialized form in
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owners of shares as on February 23, 2016, as per the
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dividend will be payable on and from April 20, 2016.
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account. Members who hold shares in dematerialized
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(DP) as well as to the Company and such Members
holding shares in physical form should inform the
IN ORDER THAT THE APPOINTMENT OF A PROXY

IS EFFECTIVE, THE INSTRUMENT APPOINTING A
PROXY MUST BE RECEIVED AT THE REGISTERED
OFFICE OF THE COMPANY NOT LATER THAN FORTYEIGHT HOURS BEFORE THE COMMENCEMENT
OF THE MEETING i.e. BY 3.00 P.M. ON MONDAY,
APRIL 11, 2016.
G $ SHUVRQ FDQ DFW DV D SUR[\ RQ EHKDOI RI 0HPEHUV
QRW H[FHHGLQJ oIW\ LQ QXPEHU DQG KROGLQJ LQ WKH
aggregate not more than ten percent of the total
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A Member holding more than ten percent of the total
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21
ACC Limited
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Number, Name of the Bank and Branch details
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Protection Fund (Uploading of Information regarding
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on its website www.acclimited.com, the information
RQ GLYLGHQGV ZKLFK UHPDLQ ZLWK WKH &RPSDQ\
unclaimed as on March 20, 2015 i.e. the date of the
last Annual General Meeting. The information is also
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Affairs ZZZPFDJRYLQ
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of the Companies Act, 2013 read with Rule 20 of
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Company is enclosing a Ballot Form. Resolutions
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passed at the Annual General Meeting (AGM).
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has mandated the submission of Permanent
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the securities market. Members holding shares in
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proof thereof.
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and 205C of the Companies Act, 1956 (which
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shareholding in the Company. The nomination form
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Company whilst those Members holding shares in
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with their DP.
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on General Meeting.
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attend the Meeting but they shall not be entitled to
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sujata.chitre@acclimited.com
by
mentioning
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the duly completed Ballot Form should reach the
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Share Department, Cement House, 121 Maharshi
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Corporate Overview
YL The remote e-voting period will commence on

Saturday, April 9, 2016 (9.00 a.m.) and will end on
Tuesday, April 12, 2016 (5.00 p.m.). During this period,
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physical form or in dematerialized form, as on the
cut-off date i.e. Wednesday, April 6, 2016, may
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thereafter.
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manner.
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Chairman. The results declared along with the report
of the Scrutinizer shall be placed on the website
of the Company www.acclimited.com and on the
website of NSDL ZZZHYRWLQJQVGOFRP immediately
after the declaration of result by the Chairman or a
person authorized by him in this behalf. The results
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Resolutions shall be deemed to be passed on the
date of the Annual General Meeting i.e. Wednesday,
April 13, 2016.
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A.
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with the Company / Depositories:
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pdf with your Client ID or Folio No. as password.
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on the cut-off date i.e. Wednesday, April 6, 2016.
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Depositories as on the cut-off date shall be entitled
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the Book Closure as aforesaid but has ceased to be
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for information purpose only.
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combination thereof. Please keep a note of your
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23
ACC Limited
together with attested specimen signature(s) of

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e-mail to kkd.scrutinizer@acclimited.com with a
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registered with the Company / Depositories:
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that is pURYided in the enclosed Ballot Form.
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the address mentioned in the enclosed prepaid
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If a Member is already registered with NSDL for

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of the folio, which may be used by the Company
for sending future communication(s) to them.
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Company and becomes a Member of the
Company after despatch of the Notice and
holding shares as of the cut-off date i.e.
Wednesday, April 6, 2016, may obtain the
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already registered with NSDL for remote
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By Order of the Board of Directors,
For ACC Limited
Burjor D Nariman
Company Secretary & Head Compliance
Mumbai,
February 10, 2016
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k&HPHQW+RXVHy0DKDUVKL.DUYH5RDG
Mumbai 400 020
Registration / Updating of Email IDs and Bank Details

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if not already done.
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case the shares are held in physical form and with the Depository Participant where shares are held in Demat mode.
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/ update their bank details with the Company in case shares are held in physical form and with their Depository
Participants as well as the Company where shares are held in dematerialized mode, to enable expeditious credit of
the dividend to their bank accounts electronically through ACH / NECS.
24
Corporate Overview
EXPLANATORY STATEMENTS
7KHIROORZLQJ([SODQDWRU\6WDWHPHQWVDVUHTXLUHGXQGHU
Section 102 of the Companies Act, 2013, set out all
material facts relating to the business at Item Nos. 5 to 9
of the accompanying Notice dated February 10, 2016.
Item No. 5: The Board of Directors on the recommendation
of the Nomination & Remuneration Committee appointed
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with effect from July 17, 2015 in the category of a
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with Section 161(1) of the Companies Act, 2013,
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Annual General Meeting and is eligible for appointment
as a Director of the Company in the category of
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signifying his intention to propose the candidature of
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working day upto the date of the Annual General Meeting.
Mr Olsen, 51 years old, American and French citizen, is the
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Holding Company of ACC Limited.
Prior to the global merger of Lafarge Ltd. and Holcim
/WGKHVHUYHGDV([HFXWLYH9LFe President Operations of
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Cement Region and Senior Vice President, Purchasing.
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listed Company.
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Organization and Human Resources of Lafarge Group.
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partner of Trinity Associates.
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Business School in Paris.
The Board of Directors commend the Ordinary Resolution

set out at Item No. 5 of the accompanying Notice for the
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None of the Directors or Key Managerial Personnel
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concerned or interested in the Resolution.
of the Nomination & Remuneration Committee
appointed Mr Christof Hassig as an Additional Director of
the Company with effect from December 9, 2015 in the
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In accordance with Section 161(1) of the Companies
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forthcoming Annual General Meeting and is eligible
for appointment as a Director of the Company in the
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the Companies Act, 2013 from a Member along with the
UHTXLVLWHGHSRVLWSURSRVLQJWKHFDQGLGDWXUHRI0U+DVVLJ
as a Director of the Company. 7KH QRWLFH LV DYDLODEOH
for inspection by the Members of the Company at the
5HJLVWHUHG 2IoFH GXULQJ EXVLQHVV KRXUV RQ DQ\ ZRUNLQJ
day upto the date of the Annual General Meeting.
Mr Christof Hassig heads the Corporate Strategy and
0HUJHUV $FTXLVLWLRQV IXQFWLRQ LQ /DIDUJH+ROFLP
UHSRUWLQJWRWKH&KLHI([HFXWLYH2IoFHU
Within former Holcim, he was reporting to the Chief
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([HFXWLYH'LUHFWRUVLQFOXGLQJWKH&KLHI([HFXWLYH2IoFHU
)RUWKHSDVWoIWHHQ\HDUVKHEXLOWDQGOHGWKH&RUSRUDWH
Financing and Treasury Department. The function
spans across all the geographic regions and includes a
PDWUL[RUJDQL]DWLRQZLWKWKHoQDQFHGHSDUWPHQWRIWKH
RSHUDWLQJFRPSDQLHVLQYDULRXVFRXQWULHV
,Q'HFHPEHUKHWRRNRYHUDGGLWLRQDOUHVSRQVLELOLWLHV
DV KHDG RI WKH QHZO\ FUHDWHG 0HUJHUV $FTXLVLWLRQV
IXQFWLRQ RQ *URXS OHYHO ,Q 0DUFK WKH *URXS
,QVXUDQFHGHSDUWPHQWZDVPRYHGDQGLQWHJUDWHGLQWRWKH
Corporate Finance & Treasury Department.
Prior to 1999, Mr Christof Hassig worked for twenty
oYH \HDUV DW 8%6 LQ PDQ\ GLIIHUHQW IXQFWLRQV LQFOXGLQJ
*OREDO5HODWLRQVKLS0DQDJHUDQG,QYHVWPHQW%DQNHUIRU
multinational corporates in Switzerland and abroad.
He started his career with a three year apprenticeship in
Banking followed by a Masters Degree in Banking and the
25
ACC Limited
$GYDQFHG0DQDJHPHQW3URJUDPPHDW+DUYDUG%XVLQHVV
School in 2006.
None of the Directors or Key Managerial Personnel and
WKHLUUHODWLYHVH[FHSW0U+DVVLJDUHLQDQ\ZD\FRQFHUQHG
or interested in the Resolution.
of the Nomination & Remuneration Committee has
appointed Mr Martin Kriegner as an Additional Director
of the Company with effect from February 11, 2016 in the
FDWHJRU\RID1RQ([HFXWLYH1RQ,QGHSHQGHQW'LUHFWRU
In accordance with Section 161(1) of the Companies
$FW0U.ULHJQHUVKDOOKROGRIoFHXSWRWKHGDWHRI
the forthcoming Annual General Meeting and is eligible
for appointment as a Director of the Company in the
FDWHJRU\ RI 1RQ([HFXWLYH 1RQ,QGHSHQGHQW 'LUHFWRU
7KH &RPSDQ\ KDV UHFHLYHG D QRWLFH XQGHU 6HFWLRQ
of the Companies Act, 2013 from a Member along with
WKH UHTXLVLWH GHSRVLW SURSRVLQJ WKH FDQGLGDWXUH RI 0U
Kriegner as a Director of the Company. The notice is
DYDLODEOHIRULQVSHFWLRQE\WKH0HPEHUVRIWKH&RPSDQ\
DW WKH 5HJLVWHUHG 2IoFH GXULQJ EXVLQHVV KRXUV RQ DQ\
working day upto the date of the Annual General Meeting.
Mr Martin Kriegner, who was hitherto the Area Manager
RI&HQWUDO(XURSHIRU/DIDUJH+ROFLP*URXSZLOOEHWDNLQJ
RYHUDV$UHD0DQDJHUIRU,QGLDLQWKH*URXSZLWKHIIHFW
from March 1, 2016.
He joined Lafarge Limited in 1990 in which Company
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/DIDUJH ,QGLD 3ULYDWH /WG DQG 3UHVLGHQW IRU $VLD 5HJLRQ
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26

WKHLUUHODWLYHVH[FHSW0U0DUWLQ.ULHJQHUDUHLQDQ\ZD\
concerned or interested in the Resolution.
Item No. 8:7KH&RPSDQ\LVUHTXLUHGWRKDYHLWVFRVWVUHFRUGV
audited by a Cost Accountant in practice. Accordingly, the
Board of Directors of the Company on the recommendation
RI WKH $XGLW &RPPLWWHH DSSURYHG WKH DSSRLQWPHQW
and remuneration of Messrs. N I Mehta & Co., Cost
Accountants, to conduct the audit of the cost records of the
Company for the Financial Year 2016 on a remuneration
of ` ODNK DQG SD\PHQW RI VHUYLFH WD[ DV DSSOLFDEOH
DQG UHLPEXUVHPHQW RI RXWRISRFNHW H[SHQVHV LQFXUUHG
by the Cost Auditors in connection with the said audit.
,Q WHUPV RI WKH SURYLVLRQV RI 6HFWLRQ RI WKH
Companies Act, 2013 read with Rule 14 of The Companies
(Audit and Auditors) Rules, 2014, the remuneration
SD\DEOH WR WKH &RVW $XGLWRU LV UHTXLUHG WR EH UDWLoHG E\
the Members of the Company. Accordingly, the Members
DUH UHTXHVWHG WR SDVV DQ 2UGLQDU\ 5HVROXWLRQ DV VHW RXW
DW,WHP1RRIWKH1RWLFHIRUUDWLoFDWLRQRIWKHSD\PHQW
RI UHPXQHUDWLRQ WR WKH &RVW $XGLWRU IRU WKH oQDQFLDO
year 2016.
VHW RXW DW ,WHP 1R RI WKH DFFRPSDQ\LQJ 1RWLFH IRU
DSSURYDOE\WKH0HPEHUV
WKHLUUHODWLYHVDUHLQDQ\ZD\FRQFHUQHGRULQWHUHVWHGLQ
the Resolution.
Item No. 9: The Articles of Association (AoA) of the
Company currently in force were originally adopted when
the Company was incorporated under the Companies
Act, 1913 and were thereafter amended from time to
WLPHLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKH&RPSDQLHV
Act, 1956.
,W LV QRZ SURSRVHG WR KDYH D QHZ VHW RI $UWLFOHV RI
$VVRFLDWLRQ WKH SURYLVLRQV RI ZKLFK DUH FRQVLVWHQW
with the Companies Act, 2013 and The Companies
(Amendment) Act, 2015 and Rules framed thereunder.
7KH FKDQJH LV QHFHVVLWDWHG DV PDQ\ SURYLVLRQV RI WKH
&RPSDQLHV$FWKDYHEHHQUHSHDOHGDQGVRPHQHZ
FRQFHSWV KDYH EHHQ LQWURGXFHG XQGHU WKH &RPSDQLHV
Act, 2013.
Corporate Overview
7KHQHZ$R$LVWREHVXEVWLWXWHGLQSODFHRIWKHH[LVWLQJ
$R$ DQG 0HPEHUV DWWHQWLRQ LV LQYLWHG WR FHUWDLQ VDOLHQW
SURYLVLRQVLQWKHQHZ$R$RIWKH&RPSDQ\YL]
date of the Annual General Meeting. The proposed draft

$UWLFOHVRI$VVRFLDWLRQLVDOVRDYDLODEOHRQWKH&RPSDQ\
V
website www.acclimited.com for perusal by the Members.
L
9DULRXVH[LVWLQJ$UWLFOHVKDYHEHHQDOLJQHGWRWKH$FW
LL
3URYLVLRQV UHODWLQJ WR WKH XVH RI HOHFWURQLF PHGLXP

E\ WKH 0HPEHUV DQG WKH 'LUHFWRUV KDYH EHHQ
incorporated.
The Board of Directors commend the Special Resolution

LLL 3URYLVLRQV UHODWLQJ WR WKH DSSRLQWPHQW RI

,QGHSHQGHQWDQG:RPHQ'LUHFWRUVKDYHEHHQDGGHG

WKHLUUHODWLYHVDUHLQDQ\ZD\FRQFHUQHGRULQWHUHVWHGLQ
this Resolution.
LY 3URYLVLRQV UHODWLQJ WR WKH DSSRLQWPHQW RI .H\

0DQDJHULDO3HUVRQQHOKDYHEHHQDGGHG
By Order of the Board of Directors,

For ACC Limited
Y
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'LUHFWRUVDWWKH0HHWLQJRIWKH%RDUGDQGYDFDWLRQRI
RIoFHE\'LUHFWRUVKDYHEHHQDPHQGHGLQDFFRUGDQFH
with the Act.
A copy of the proposed set of new Articles of Association of

WKH&RPSDQ\LVDYDLODEOHIRULQVSHFWLRQE\WKH0HPEHUV
RIWKH&RPSDQ\DWWKH5HJLVWHUHG2IoFHGXULQJEXVLQHVV
hours, on any working day of the Company, upto the
Burjor D Nariman
Mumbai,
February 10, 2016
5HJLVWHUHG2IoFH
k&HPHQW+RXVHy0DKDUVKL.DUYH5RDG
Mumbai 400 020
27
ACC Limited
ANNEXURE TO ITEMS 3, 5, 6 AND 7 OF THE NOTICE

Details of Directors seeking re-appointment / appointment at the
forthcoming Annual General Meeting
>LQSXUVXDQFHRI6(%,/LVWLQJ2EOLJDWLRQVDQG'LVFORVXUH5HTXLUHPHQWV5HJXODWLRQV@
Name of the Director
Mr Vijay Kumar
Sharma
Mr Eric Olsen
Mr Christof Hassig
Mr Martin Kriegner
'LUHFWRU,GHQWLoFDWLRQ1XPEHU
(DIN)

00077715
Date of Birth

06.09.1961
Indian
American & French
Swiss
Austrian
06.02.2014
17.07.2015
09.12.2015
11.02.2016
Nationality
Date of Appointment on Board
4XDOLoFDWLRQ
M.Sc.
([SHUWLVHLQVSHFLoFIXQFWLRQDO Business
area
Strategy, Product
'HYHORSPHQW
Branding, Risk
Mitigation &
Compliance
Shareholding in ACC
List of Directorships held in
other Companies (excluding
foreign, private and Section 8
Companies)
Memberships / Chairmanships
of Audit and Stakeholders
Relationship Committees
across Public companies
including ACC Limited
NIL
&HUWLoHG3XEOLF
Accountant from
Chicago (USA) &
an MBA from the
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Business School,
Paris
Doctorate of Law &

Masters in
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Management
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Programme from
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School
Operations,
Strategy &
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Finance
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& Treasury;
Mergers &
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Life Insurance
Ambuja Cements
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Limited
India;
Infrastructure
Leasing & Financial
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LIC Pension Fund
Limited;
ICICI Bank Limited
NIL
NIL
There are no inter-se relationships between the Board Members.
28
NIL
Ambuja Cements
Limited
NIL
Operations, Finance
and General
Management
NIL
Ambuja Cements
Limited
NIL
Bombay Hospital and

Medical Research Centre
Source: Google maps
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Distance from Churchgate Station: 1 Km
'LVWDQFHIURP&KKDWUDSDWL6KLYDML7HUPLQXV.PV
VENUE:
Birla Matushri Sabhagar
19, Sir Vithaldas Thackersey Marg,
Mumbai 400 020
MAP SHOWING LOCATION OF THE VENUE OF 80TH ANNUAL GENERAL MEETING OF ACC LIMITED
Corporate Overview
29
ACC Limited
BOARDS REPORT & MANAGEMENT DISCUSSION AND ANALYSIS

TO THE MEMBERS OF
ACC LIMITED
The Directors take pleasure in presenting the Eightieth Annual Report together with the audited accounts for the year
ended December 31, 2015. The Management Discussion and Analysis has also been incorporated into this report.
1.
FINANCIAL RESULTS
Consolidated
Standalone
` Crore
` Crore
2015
Revenue from Operations (Net) and other income
2014
2015
2014
11,916.94
11,995.42
11,916.18
12,006.49
3URoW%HIRUH7D[3%7
765.53
1,119.54
783.97
1,135.20
3URYLVLRQIRU7D[
189.98
(31.13)
192.40
(33.09)
3URoW$IWHU7D[3$7
587.60
1,161.82
591.57
1,168.29
Balance brought forward from previous year
4,433.04
4,158.74
4,456.64
4,175.87
3URoWDYDLODEOHIRU$SSURSULDWLRQV
5,020.64
5,320.56
5,048.21
5,344.16
Interim Equity Dividend
206.52
281.62
206.52
281.62
Proposed Final Equity Dividend
112.65
356.72
112.65
356.72
7D[RQ(TXLW\'LYLGHQGV
64.97
119.18
64.97
119.18
Transfer to General Reserve
30.00
130.00
30.00
130.00
4,606.50
4,433.04
4,634.07
4,456.64
Appropriations:
6XUSOXVFDUULHGWRWKHQH[W\HDU
VDFFRXQW
2.
OVERVIEW OF COMPANYS FINANCIAL PERFORMANCE

Consolidated Income
Consolidated income, comprising Revenue from
Operations (Net) and other income for the year was
` 11,916.94 crore, 1% lower as compared to
` 11,995.42 crore in 2014.
Total consolidated Revenue from Operations (Net)
increased to ` 11,797.16 crore from ` 11,738.79 crore
in 2014.
Other Operating Revenue
Other operating revenue for the year ended
December 31, 2015 includes ` 139.74 crore being
DFFUXDO RI VDOHV WD[ LQFHQWLYHV DW &KDLEDVD 3ODQW
in the State of Jharkhand pertaining to the period
August 2005 to March 2015.
Other Income
Other income reduced due to lower cash and
cash equivalent on account of utilization of funds
30
IRU YDULRXV FDSH[ SURMHFWV DV FRPSDUHG WR WKH

previous year. Average rate of return on
investment was also lower as compared to the
previous year.
Finance Costs
Finance costs decreased mainly due to reduction in
LQWHUHVWRQLQFRPHWD[E\` 12.87 crore.
'HSUHFLDWLRQDQG([FHSWLRQDO,WHPV
Pursuant to the provisions of Schedule II of the
Companies Act, 2013 (hereinafter referred to as
the Act) becoming applicable to the Company
w.e.f. January 1, 2015, the Company has reviewed
and where necessary, revised estimates of the
XVHIXOOLIHRIo[HGDVVHWV$FFRUGLQJO\DQDGGLWLRQDO
charge of ` 164.45 crore, being the carrying
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with no remaining useful life (as revised) as of
that date,
is recognized in the year ended
December 31, 2015 and has been disclosed as an
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Corporate Overview
&RQVROLGDWHG3URoW%HIRUH7D[
&RQVROLGDWHG SURoW EHIRUH WD[ IRU WKH \HDU ZDV
` 765.53 crore as compared to ` 1,119.54 crore in 2014.
&RQVROLGDWHG3URoW$IWHU7D[
&RQVROLGDWHG 3URoW DIWHU 7D[ IRU WKH \HDU ZDV

` 587.60 crore as compared to ` 1,161.82 crore in 2014.
In the previous year, on completion of assessments
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` 309 crore had to be written back, whereas no such
write backs were necessary in 2015.
4.
5.
No disclosure is required under Section 67(3)(c) of

WKH $FW LQ UHVSHFW RI YRWLQJ ULJKWV QRW H[HUFLVHG
directly by the employees of the Company as the
provisions of the said Section are not applicable
DIVIDEND
A general slowdown in the cement industry impacted

the performance of the Company. This, coupled with a
SURYLVLRQIRUKLJKHUGHSUHFLDWLRQDVH[SODLQHGLQWKH
SUHYLRXVSDUDJUDSKOHGWRORZHUSURoWVDQGUHGXFHG
Earnings Per Share. Consequently, dividend for the
year is recommended at a lower rate as compared to
the previous year. However, the dividend payout ratio
KDVEHHQPDLQWDLQWHGDWSUHYLRXV\HDU
VOHYHODW
RIWKH3URoW$IWHU7D[3$7IRUWKH\HDU
SHARE CAPITAL
The paid up Equity Share Capital as on
December 31, 2015 was ` 187.95 crore. The Company
has neither issued shares with differential rights as
to dividend, voting or otherwise nor issued shares
(including sweat equity shares) to the employees
or Directors of the Company, under any Scheme. As
on December 31, 2015, none of the Directors of the
Company hold shares or convertible instruments of
the Company.
There are no material changes or commitments

DIIHFWLQJ WKH oQDQFLDO SRVLWLRQ RI WKH &RPSDQ\
which have occurred between the end of the calendar
year and the date of this Report.
Your Directors are pleased to recommend a

oQDOGLYLGHQGRI` 6/- per equity share of ` 10 each.
The Company had distributed an interim dividend
of ` 11/- per equity share of ` 10 each in
July 2015. The total dividend for the year ended
December 31, 2015 would accordingly be ` 17/- per
equity share of ` 10 each as compared to ` 34/- per
equity share of ` 10 each. The total outgo for the
current year amounts to ` 384.14 crore, including
GLYLGHQGGLVWULEXWLRQWD[RI` 64.97 crore as against
`FURUHLQFOXGLQJGLYLGHQGGLVWULEXWLRQWD[RI
` 119.18 crore in the previous year.
TRANSFER TO RESERVES
The Company proposes to transfer an amount of
` 30 crore to the General Reserves. An amount of
` 4,606.50 crore is proposed to be retained in the
&RQVROLGDWHG6WDWHPHQWRI3URoWDQG/RVV
In the year under review, as stated above,

an additional depreciation charge of ` 181 crore
QHWRIWD[ZDVPDGHRQDFFRXQWRIFKDQJHLQXVHIXO
OLIHRIo[HGDVVHWVLQDFFRUGDQFHZLWKWKHSURYLVLRQV
of Schedule II of the Act.
3.
During the year, the unclaimed dividend pertaining

to the 70th Final Dividend for the year ended
December 31, 2007 and the 71st Interim Dividend
for the year ended December 31, 2008 aggregating
`2.16 crore were transferred to the Investor Education
& Protection Fund after sending due reminders to
the shareholders.
:LWK WKLV FKDQJH WKH FXUUHQW \HDU

V GHSUHFLDWLRQ LV
also higher by ` 111.81 crore.
6.
FINANCIAL LIQUIDITY
7KH &RPSDQ\
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December 31, 2015 was ` 1,389 crore. The Company
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working capital. Receivables, inventories and other
working capital parameters were kept under strict
check through continuous monitoring.
7.
CREDIT RATING
&5,6,/ D UHSXWHG 5DWLQJ $JHQF\ KDV UHDIoUPHG

the highest credit rating of CRISIL AAA/ STABLE for
ORQJ WHUP DQG &5,6,/ $ IRU VKRUW WHUP oQDQFLDO
instruments of the Company.
8.
DEPOSITS
7KH &RPSDQ\ KDG GLVFRQWLQXHG LWV o[HG GHSRVLW

VFKHPH LQ WKH oQDQFLDO \HDU 'HVSLWH
sustained efforts to identify and repay unclaimed
deposits, the WRWDODPRXQWRIo[HGGHSRVLWVPDWXUHG
and remaining unclaimed with the Company as on
31
ACC Limited
9.
December 31, 2015 was ` 0.02 crore. The Company

has not accepted deposits from the public falling
within the ambit of Section 73 of the Act, and the
Rules framed thereunder.
the calendar year 2015 is estimated to have risen

to 7.5% as compared to the previous year 2014,
PDNLQJ LW DPRQJ WKH ZRUOG
V IDVWHVW JURZLQJ
economies.
PARTICULARS OF
INVESTMENTS
7KHUDWHRILQpDWLRQDVSHUWKHZKROHVDOHSULFHLQGH[
maintained its year-long negative trend and showed
a declined of (-)2.8% as compared to the previous
\HDU
VUDWHRILQpDWLRQRI7KLVZDVRQDFFRXQWRI
a high base rate effect and other factors such as the
sharp fall in global oil and commodity prices, sluggish
domestic demand conditions and some softening of
food prices.
LOANS,
GUARANTEES
AND
Details of Loans, Guarantees and Investments covered

under the provisions of Section 186 of the Act, are
given in the notes to the Financial Statements.
10. CONSOLIDATED FINANCIAL STATEMENTS
7KH FRQVROLGDWHG oQDQFLDO VWDWHPHQWV RI WKH

Company for the calendar year 2015 are prepared in
compliance with the applicable provisions of the Act,
Accounting Standards and as prescribed by Securities
DQG ([FKDQJH %RDUG RI ,QGLD 6(%, XQGHU 6(%,
(Listing Obligations and Disclosure Requirements)
Regulations, 2015 (hereinafter referred to as the SEBI
5HJXODWLRQV
7KHFRQVROLGDWHGoQDQFLDOVWDWHPHQWV
have been prepared on the basis of the audited
oQDQFLDOVWDWHPHQWVRIWKH&RPSDQ\LWVVXEVLGLDULHV
MRLQWYHQWXUHDQGDVVRFLDWHFRPSDQLHVDVDSSURYHG
by their respective Boards of Directors.
Pursuant to the provisions of Section 136 of the
Act, the Financial Statements of the Company, the
Consolidated Financial Statements along with all
UHOHYDQWGRFXPHQWVDQGWKH$XGLWRUV
5HSRUWWKHUHRQ
form part of this Annual Report. The Financial
Statements as stated above are also available on
the website of the Company and can be accessed at
the weblink http://www.acclimited.com/newsite/
oQDQFHDQQXDOBUHSRUWBSGI
11. CONTINUANCE OF THE EXISTING FINANCIAL YEAR

Pursuant to a favourable Order from the Company
Law Board, the Company will continue to have
the calendar year (1st January - 31st December) as
LWV oQDQFLDO \HDU LQ UHVSHFW RI LWVHOI DV ZHOO DV LWV
subsidiaries.
12. ECONOMIC SCENARIO AND OUTLOOK
$VFRPSDUHGWRPDQ\RWKHUFRXQWULHV,QGLDHQMR\HG
relative macro economic stability in 2015.
Last year, Government realigned its methodology
IRU FRPSLOLQJ WKH FRXQWU\
V *'3 XVLQJ YDOXH DGGHG
data that makes it closer to accepted international
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32
Notwithstanding some slackening in the last quarter,

manufacturing growth in 2015 was strong at ~7.5%
as compared to ~6% growth in 2014, although there
was some loss of steam in certain sectors. This
spurt in manufacturing resulted in higher industrial
production and revival in urban consumer demand.
However, the spurt in manufacturing activity did
not translate into growth in the construction sector
which was lower by ~3.7% as compared to 2014. In
WXUQWKHFHPHQWVHFWRUDOVRH[SHULHQFHGGDPSHQHG
growth in cement production of ~2% in 2015 as
compared to the preceding year, the slowest in the
last decade.
With a second consecutive year of a weak monsoon
and unseasonal rains, agricultural growth and rural
demand remained muted in 2015.
2IoFLDO HVWLPDWHV IRU *'3 JURZWK H[SHFWHG LQ

WKH oVFDO \HDU LV RI WKH RUGHU RI
Disregarding some sectoral imbalances, the outlook
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and beyond shows a strong emerging potential. It is
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infrastructure and industry. This would drive overall
JURZWKJHQHUDWHLQFRPHVDQGORZHULQpDWLRQUDWH
13. CEMENT INDUSTRY - OUTLOOK AND OPPORTUNITIES

The Indian Cement Industry has an installed capacity
of ~372 million tonnes per annum while domestic
consumption of cement in 2015 was ~271 million
tonnes. As already indicated, cement consumption
grew at the rate of ~2% in the calendar year 2015,
the slowest rate of growth in a decade. As a result,
the cement market in the country remained very
competitive.
Corporate Overview
Consistent with the positive outlook for the Indian

economy, we foresee a similar revival in demand for
cement and concrete. Signs of increased construction
activity have been witnessed in industrial and
commercial segments as well as from mass housing
and mid-income housing schemes across the
country. Besides this, there are healthy indicators of
an uptrend in demand for cement and concrete from
SURMHFWV VXFK DV FRQFUHWH URDGV p\RYHUV EULGJHV
power plants, irrigation schemes, ports, railways and
PHWURUDLOSURMHFWV
Overall cement demand in the calendar year 2016
is estimated to grow at a rate faster than the
preceding year, if supported by a faster pace of
infrastructure development, housing and industrial
growth. Consumption could pick up well beyond 6%
if investments in infrastructure development and
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&LWLHV 0LVVLRQ $WDO 0LVVLRQ IRU 5HMXYHQDWLRQ
Urban Transformation (AMRUT), and Housing For All
(including low cost housing) are accelerated. Demand
in the housing sector may be stimulated with a
gradual reduction in interest rates, wider supply of
DIIRUGDEOH KRXVLQJ WD[ EHQHoWV DQG DQ LQFUHDVH LQ
disposable incomes and household savings.
14. CEMENT BUSINESS - PERFORMANCE
DuULQJWKH\HDUWKHVDOHVYROXPHRIWKH&RPSDQ\
V
premium products increased to 2.3 million tonnes in
2015 as compared to 2.1 million tonnes in 2014.
Selling prices of cement improved by ~1% in 2015
over 2014.
<RXU&RPSDQ\
VPDLQIRFXVDUHDVLQFOXGHGPDQDJLQJ
costs of distribution and logistics, promoting the
sale of its premium products, enhancing customer
VHUYLFHOHYHOVDQGYDULRXVRWKHUFXVWRPHUH[FHOOHQFH
initiatives.
While Individual House Builders remained the
PDMRU FXVWRPHU VHJPHQW FDWHUHG E\ DQ H[WHQVLYH
dealer and retailer network, the ICI (Infrastructure,
&RPPHUFLDO DQG ,QGXVWULDO WHDP RI WKH &RPSDQ\
V
sales division has also been actively servicing
the growing requirements from infrastructure,
LQGXVWULDO DQG FRPPHUFLDO SURMHFWV :LWK LQFUHDVLQJ
urbanization, demand from these sectors is also
H[SHFWHGWRDFFHOHUDWH
14.2 Costs Cement Business

During the year 2015, the Company maintained a
close focus on effective cost management through
various initiatives.
D &RVWRI0DWHULDOVFRQVXPHG
2015
2014 Change %
Production - million
tonnes
23.84
24.24
-1.7
Sales Volume - million

tonnes
23.62
24.21
-2.4
Net Sale Value (`crore) 10,652.60 10,842.82
-1.8
Operating EBITDA
(` crore)
1,482.88
1,473.13
Operating EBITDA
Margin (%)
13.92
13.59
0.7
14.1 Sales Volume & Pricing

Cement sales volume in 2015 was 23.62 million
tonnes as compared to 24.21 million tonnes in 2014,
a decrease of 2.4%. Sales volume was impacted
mainly in the Eastern region where production at
Chaibasa and Bargarh was constrained on account of
temporary suspension of mining operations during
the earlier part of the year on account of regulatory
changes.
Cost of materials consumed was reduced by 7%

in 2015 over 2014, despite an additional cost
burden of ` 23 crore towards purchase of clinker
due to temporary suspension of limestone
mining operations at Chaibasa and Bargarh
mines during the earlier part of the year. Thus,
the cost of materials consumed as share of total
income from operations came down to 12.7%
from 13.5% in 2014.
The landed cost of gypsum rose by 5% on
account of an increase in the price of imported
gypsum and also due to a shortage of wagons
at Paradip port that necessitated costlier road
transportation to some plants. To mitigate such
cost increases, the Company is taking steps to
RSWLPL]HLWVJ\SVXPPL[E\UHGXFLQJLWVUHOLDQFH
on imported gypsum and instead increasing the
consumption of phosphor-gypsum, chemical
gypsum, activated gypsum and also the more
cost effective variety of high purity domestic
mineral gypsum.
33
ACC Limited
7KH ODQGHG FRVW RI pyash increased by 4% as it

had to be procured over longer leads, following
a drop in availability from sources close to
our plants. Efforts were made to achieve cost
reductions by entering into long term contracts
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negotiated to achieve a reduction of 27%.
)UHLJKWDQGIRUZDUGLQJH[SHQVHVGXULQJWKH\HDU
were ` 2,640.76 crore as compared to ` 2,530.30
crore in 2014, an increase of 4%. Freight and
IRUZDUGLQJ H[SHQVHV FRQVWLWXWHG D VLJQLoFDQW
VKDUH RI RI WKH &RPSDQ\
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from operations, up marginally from a share of
23% in the previous year.
Freight on clinker transfers, effected mainly by
rail, increased by about 8% due to the rail tariff
hikes and the movement of clinker over longer
leads to Chaibasa and Bargarh occasioned by
the curtailment of clinker production at these
SODQWVIRUUHDVRQVH[SODLQHGKHUHWRIRUH)UHLJKW
on cement despatches also rose by about 6% on
account of the increase in rail tariffs.
E 3RZHU )XHO
Power & Fuel costs were reduced by 2% in 2015
as compared to 2014. The Power & Fuel spend
in 2015 was ` 2,377.85 crore, as compared to
` 2,427.45 crore spent in 2014. This constituted
22% of the total income from operations, the
same as in the previous year.
The Company continues to focus on reducing
the overall cost of fuel as well as shifting its
dependence on linkage and imported coal by
RSWLPL]LQJ WKH IXHO PL[ WR HQKDQFH WKH XVH RI
alternative fuels and petcoke. The supply of
petcoke became attractive following a general
decline in global oil prices. Taking advantage,
the Company put plans in place to enable
increased consumption of petcoke. During the
year, this enabled petcoke consumption to rise
from average consumption of 16% in 2014
to 27% during the last quarter of 2015.
Taking advantage of the decline in diesel prices,

proactive efforts were made to bring down the
cost of road transportation which accounts for
about 56% of total despatches. Average road
freight rates were cut by 6%. The Company is
taking further steps to rationalize freight and
C&F rates and pursue improvements in other
operational levers such as lead distances and the
share of direct despatches.
G (PSOR\HH&RVWV
Employee costs during the year were brought
down by 2.7% on a like-for-like basis. Overall
employee costs, as a share of total income from
operations, declined to 6.5% in 2015 from 6.8%
in 2014. In the forthcoming year, certain
initiatives taken as part of the India
Manufacturing Transformation programme, as
H[SODLQHG ODWHU DUH H[SHFWHG WR UHpHFW IXUWKHU
improvement in employee costs.
As a result of various initiatives taken with

UHVSHFWWRSRZHU IXHONLOQWKHUPDOHIoFLHQF\
was maintained at 3050 MJ/per tonne of clinker,
the same level as in the last year.
The generation cost per KW of our Captive Power
Plants (CPP) in 2015 rose by 2% to ` 4.67 per unit
against ` 4.59 per unit in 2014, mainly due to
increase in rail freight on coal and electricity
duty on generation of power.
F
3RZHU JHQHUDWHG E\ WKH &RPSDQ\

V ZDVWH
heat recovery plant of 7.5 MW at Gagal Plant
delivered saving of ` 22 crore during the year,
thus also helping reduce overall power and
fuel costs.
)UHLJKW )RUZDUGLQJH[SHQVHV
A general hike in rail tariffs impacted the cost
of inward and outbound transportation in
2015, particularly because 44% of total cement
despatches during the year were moved by rail.
34
H 2WKHU([SHQGLWXUH
2WKHU H[SHQGLWXUH FRQVWLWXWHV a RI WRWDO

income from operations of the Company
(as compared to 22% in 2014). This includes
(i) provision for additional royalty on limestone
of ` 52 crore necessitated by the Mines and
Minerals (Development and Regulation)
Amendment Act, 2015 for contributions to be
made to the District Mineral Foundation (DMF)
DQG 1DWLRQDO 0LQHUDO ([SORUDWLRQ 7UXVW 10(7
in the districts where mining takes place,
Corporate Overview
While there was some uptake in a few markets, the

concrete industry at large continues to face issues
of tight liquidity and increased participation by
unorganized local players.
5($'<0,;('&21&5(7(50;

RMX Production Lakh Cubic Metres
RMX Sales Volume Lakh Cubic Metres
Net Sale Value (` crore)
Operating EBITDA (` crore)
Operating EBITDA
Margin (%)
2015
22.15
2014 Change %
17.61
25.8
23.44
18.34
27.8
967.50
760.77
27.2
54.29
34.12
59.1
5.61
4.48
The RHDG\ 0L[HG &RQFUHWH %XVLQHVV RI WKH

Company performed well. Concrete Sales Volume
increased by 28% and Operating EBITDA grew at a
much higher rate on account of volume growth and
new value added products and solutions. EBITDA
from RMX business for the year rose to ` 54 crore
as compared to ` 34 crore in 2014, an increase of
59%. Your Company has a wide spread of RMX plants
in the country; the number of RMX plants rose to
50 by the close of 2015 as compared to 48 plants
in 2014.
$ ODUJH VKDUH RI WKH &RPSDQ\

V FRQFUHWH EXVLQHVV
FRPHVIURP,QIUDVWUXFWXUHDQG,QGXVWULDOSURMHFWVLQ
addition to mass housing schemes. In the last two
years, this business has implemented a programme
of widening its customer base, broadening its
portfolio with a range of value-added products and
customized solutions while simultaneously keeping
a close focus on costs. This programme has yielded
increased sales volumes and margins, despite an
intensely competitive environment.
As part of its endeavour to enrich customer service
OHYHOV WKH &RPSDQ\
V FRQFUHWH EXVLQHVV LQWURGXFHG
an on-line Customer Feedback system which has

resulted in improved customer satisfaction and better
customer retention, especially of large customers
ZLWKJRRGoQDQFLDOFUHGHQWLDOV
(ii) increase in royalty rate from ` 63 to ` 80 per

tonne of limestone mined effective September
2014 impacting an additional cost incidence of
` 24 crore and (iii) severance cost of ` 13 crore
on account of rationalization of third party
manpower. Despite these increases, the overall
HVFDODWLRQLQk2WKHU([SHQGLWXUHyZDVUHVWULFWHG
to 1.4% in 2015 over 2014.
Packing material cost reduced by ` 79 crore
on account of a fall in the prices of
polypropylene granules and other initiatives like
standardization of bags across plants.
7KH FRQVWUXFWLRQ VHFWRU LV H[SHFWHG WR JURZ DW D

steady pace in 2016. Consistent growth is foreseen
in housing, Infrastructure, commercial and Industrial
SURMHFWVLQDGGLWLRQWRWKHUDSLGXUEDQL]DWLRQWDNLQJ
SODFH LQ WKH FRXQWU\ $FFRUGLQJO\ WKH &RPSDQ\
V
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address segments where the markets are promising.
16. CAPEX
7KHRQJRLQJLQWHJUDWHG-DPXO3URMHFWLQ&KKDWWLVJDUK
which partly comprises a new clinkering line of
capacity 2.79 million tonnes per annum at Jamul and
grinding facilities of capacity 1.10 million tonnes at
Jamul and 1.35 million tonnes at Sindri, is nearing
FRPSOHWLRQDQGH[SHFWHGWREHFRPPLVVLRQHGGXULQJ
the second quarter of 2016.
17. COAL BLOCKS

Pursuant to Orders of the Supreme Court passed
in August 2014 and September 2014, the
allocations of four coal blocks to Madhya Pradesh
State Mining Corporation Limited (MPSMC)
were cancelled. The Company had entered into
through its wholly owned subsidiary company
ACC Mineral Resources Limited (AMRL), a Joint
Venture Agreement with MPSMC, for development
of these four coal blocks viz. Bicharpur, Marki Barka,
Semaria Piparia and Morga IV (all in the State of
Madhya Pradesh) all of which stood cancelled.
The Ministry of Coal, Government of India completed
the auction of Bicharpur Coal Block in February
2015 and the block was allotted to the successful
ELGGHU 7KH UHLPEXUVHPHQW RI H[SHQVHV LQFXUUHG
on development of coal blocks is awaited. The
auction/allocation process of other three Coal Blocks
viz. Marki Barka, Morga IV and Semaria Piparia are yet
to be carried out by the Ministry of Coal, Government
of India.
35
ACC Limited
18. SUSTAINABLE DEVELOPMENT

7KH
&RPSDQ\
V
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programme is comprehensive and robust.
Your Company was felicitated with the prestigious
CII-ITC Sustainability Award 2015 for Outstanding
Accomplishment in recognition of its continuous
effort and commitment to the cause of Sustainable
Development and its improvement in all
VXVWDLQDELOLW\SDUDPHWHUV7KLVLVRQHRIWKH&RXQWU\
V
PRVW FRYHWHG DZDUGV LQ WKH oHOG RI FRUSRUDWH
sustainable development.
During the year, the Company released its
8th Sustainable Development Report - 2014
adhering to GRI G4 principles in accordance with
comprehensive reporting. The Report is available
RQ WKH &RPSDQ\
V ZHEVLWH www.acclimited.com.
6LJQLoFDQW DGYDQFHPHQWV ZHUH PDGH DJDLQVW
targets set in its sustainable development roadmap
for 2014-2017.
The brand ACC was one of those prominently
displayed in the India Pavilion at the COP 21
(Conference of Parties) meet held in Paris in
December 2015, organised by the United Nations
Conference on Climate Change.
18.1 CO2 Emissions:
Your Company is committed to cut its carbon
footprint in line with the Low Carbon Technology
Roadmap for the Indian Cement Industry of the
Cement Sustainability Initiative (CSI).
The Company maintained its best-in-class
position in terms of its carbon footprint with
VSHFLoF &22 emissions per tonne of cement at
533 kg CO2 / tonne in 2015. However, there was
a small increase of 1% in these emissions as
compared to the previous year, which was due to
some change in the pattern of cement production
caused by the suspension of limestone mining at
Chaibasa and Bargarh for part of the year.
36
7KH&RPSDQ\KDVEHHQLGHQWLoHGDVRQHRIWKH
leading business houses in India, for the quality
of climate change related information, which
it has disclosed through the Carbon Disclosure
3URMHFW &'3 D QRQSURoW JOREDO LQLWLDWLYH
that shares information to help drive carbon
reduction strategies for sustainable economies.
The reported data was independently assessed

DJDLQVW &'3
V VFRULQJ PHWKRGRORJ\ DQG \RXU
Company is one of the few organizations that
received a high score of 98 points out of 100 in
respect of its disclosure.
18.2 Clinker Factor
Reducing the clinker factor in cement is an
important pillar of the Low Carbon Technology
Roadmap for the Indian Cement Industry. Your
Company strives to achieve this through the
promotion of blended cements using slag and
p\DVKDQGSOD\VDOHDGUROHLQWKH,QGXVWU\LQWKLV
UHVSHFW6RPHVKRUWIDOOLQWKHDYDLODELOLW\RIp\DVK
from regular sources nearer the plants did have a
VPDOOLPSDFWLQWKHVXSSO\RIp\DVKDQGKHQFHRQ
the clinker factor which showed a minor change
of 1%. Despite this and the increasing demand
for Ordinary Portland Cement (OPC), the share of
Blended Cements in the total product portfolio
was maintained at 84.5%.
18.3$OWHUQDWLYH)XHOVDQG5HVRXUFHV$)5
Your Company takes pride in being one of the
few in the forefront of the national effort to
promote co-processing of both hazardous and
non-hazardous industrial and municipal wastes
in cement kilns in order to reduce dependence
on fossil fuel.
The Company has two state-of-the-art preprocessing facilities at Wadi and at Kymore
to enable safe handling of varied types and
volumes of waste streams. These facilities added
momentum to co-processing of hazardous
ZDVWHV LQ D VDIHU DQG PRUH HIoFLHQW PDQQHU
With the stabilization of these pre-processing
IDFLOLWLHVZHH[SHFWWRHQKDQFHERWKWKHTXDOLW\
and quantity of waste feed processed in cement
kilns and thus increase the thermal substitution
rate in the forthcoming year.
18.4*UHHQ(QHUJ\
D :LQG(QHUJ\
The Company has 19 MW capacity from
wind farms in three states viz. 9 MW in Tamil
Nadu,0:LQ5DMDVWKDQDQG0:LQ
Maharashtra. These wind farms helped the
Company meet its non-solar renewable
purchase obligations for Madukkarai,
Corporate Overview
community areas and sustained water

harvesting measures undertaken over
the years has helped Kymore and Jamul
Plants become self-reliant without being
dependent on natural water sources like
rivers and bore wells.
Lakheri, Thane Campus and the Kalamboli

Bulk Cement Terminal Plant. Various
options are being evaluated to enhance the
renewable energy portfolio such as setting
up new assets of renewable energy and
by use of renewable energy through the
Power Purchase Agreement route. During
the year 2015, 29.2 million kilowatt hours
(Kwh) of renewable energy was produced
as compared to 32.5 million Kwh in 2014.
These two approaches have helped

\RXU &RPSDQ\ UHGXFH LWV VSHFLoF ZDWHU
consumption per tonne of cement by 7.6%
with respect to the previous year.
E :DVWH+HDW3RZHUJHQHUDWLRQIURPSURFHVV
ZDVWHKHDW
18.7%LRGLYHUVLW\
Your Company is committed to the conservation
of biodiversity and mine rehabilitation. Efforts
on biodiversity conservation are focused on
following areas:
During the year 2015, the Waste Heat

Recovery System (WHRS) at Gagal Cement
Plant produced 51.8 million Kwh of electrical
energy as compared to 46.6 million Kwh
in 2014.
(i)
18.5 Controlling Emissions

Various measures were implemented across all
operations of the Company to control fugitive
HPLVVLRQVE\LQVWDOOLQJGXVWH[WUDFWLRQDQGGXVW
suppression systems.
Kiln stack dust emissions data and ambient air
quality data are uploaded on Central Pollution
Control Board (CPCB) website and those of
the respective State Pollution Control Boards
wherever available. The installation of dust
monitors as per the statutory requirement was
completed at various plants. The Company
also installed Continuous Ambient Air Quality
Monitoring stations (CAAQMS) at Wadi and
Chanda plants.
:LWKDQREMHFWLYHWRFRQWLQXRXVO\LPSURYHZDWHU
performance and to achieve a water positive
status, the Company has focused its efforts on
two approaches:
(i)
Reduction of fresh water intake by lowering

water demand in process and non-process
areas and waste water recycling after
treatment. Water metering and monitoring
systems were installed at various plants.
(ii) Conservation of water by rain water

harvesting in plants, mines, colonies,
To study and assess the biodiversity around

the limestone mines operated by the
Company. During the year, biodiversity
assessment studies were conducted by an
LQGHSHQGHQWWKLUGSDUW\DWoYHPLQHV
(ii) On-ground implementation of activities

which conserves biodiversity:
(iii) Afforestation activities in and around our
plant premises with native species of trees
at all our plants.
(iv) Water harvesting in mined out pits. This is a
regular practice at the plants.
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INITIATIVES
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during the year was ` 31.16 crore which was higher
than the statutory requirement of 2% of the average
SURoWRIWKHODVWWKUHH\HDUV
7KH &65 3URMHFWV RI WKH &RPSDQ\ PDLQO\ IRFXV RQ

Livelihood, Education, Water, Health and Sanitation.
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V FRPPXQLW\ GHYHORSPHQW HIIRUWV
reached out to more than 4 lakh people residing in
~156 villages across the country.
18.6:DWHU3HUIRUPDQFH
Education initiatives in the vicinity of plants addressed

35,000 students during the year. Scholarships were
awarded to ~400 meritorious students belonging
to weaker sections of society. Modern methods of
37
ACC Limited
learning such as smart classes and interactive kiosks

EHQHoWWHGVWXGHQWVLQaUXUDOVFKRROV(IIRUWVZHUH
made to provide education to ~1,500 girl children as
SDUW RI WKH k$&& NL /DGOLy 3URMHFW :H FRQWLQXHG WR
support seven government-run Industrial Training
Institutes as part of the Public Private Partnership
Scheme with Ministry of Labour and Employment,
Government of India.
About 1,800 unemployed youth attended skill
GHYHORSPHQWWUDLQLQJSURJUDPPHVDQGUHFHLYHGMRE
placements in various manufacturing and service
sector enterprises. Support was provided for the
establishment of ~200 new Self Help Groups (SHGs)
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UHJLVWUDWLRQ DQG IRUPDWLRQ RI D k)DUPHUV
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Companies.
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~58,000 people. About 8,000 children received access
to better health and nutrition through support
SURYLGHG WR DQJDQZDGL FHQWUHV 2XU H[LVWLQJ
Anti Retroviral Treatment (ART) Centres provided
valuable support to nearly 5,400 persons through
counseling, testing and treatment for HIV/AIDS.
<RXU&RPSDQ\
V&65)RRWSULQWKDVEHHQGXO\DXGLWHG
E\ D WHDP RI VRFLDO DXGLWRUV FKDLUHG E\ ([HFXWLYH
Director, Global Compact Network of India. Your
&RPSDQ\
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DPRQJWKHWRSOLVWHGFRPSDQLHVDQGoUVWDPRQJ
the Cement Sector companies therein as per the
annual CSR ranking initiative by Economic Times and
Indian Institute of Management, Udaipur.
7KH &RPSDQ\
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making it more comprehensive and in alignment
with the requirements of the Act, and United
1DWLRQ
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The CSR Policy Statement and Report on the activities
XQGHUWDNHQGXULQJWKH\HDULVDQQH[HGWRWKH%RDUG
V
5HSRUWLQ$QQH[XUHC$

+($/7+ 6$)(7<+ 6

20.1+ 63ROLF\DQG5XOHV
Health and Safety (H&S) of employees and all
stakeholders is an overarching value of your
&RPSDQ\ 'XULQJ WKH \HDU WKH &RPSDQ\
V
H&S Policy and H&S Rules were restated to
be in alignment with the new Group global
vision on H&S. The revised policy reiterates the
SOHGJH WR FRQGXFW WKH &RPSDQ\
V EXVLQHVV LQ
38
a manner that helps create a healthy and safe

environment for all stakeholders (employees,
contractors, communities and customers)
based on the adoption of a true safety culture.
It further directs that H&S be embedded in
everything the Company does when it comes
to its people, its processes, its customers, in
delivering results and in leading sustainability.
7KH + 6 UXOHV UHGHoQH HVVHQWLDO EHKDYLRXU
necessary to ensure safety. Identifying H&S not
as a separate activity but as a critical success
factor for operational performance, the policy
places personal responsibility on every individual
employee at all levels for ensuring safe working
conditions in their respective work areas coupled
with a fair and transparent consequence
management process, in the event of negligence
or wilful disregard for safety rules. The policy
and rules were widely communicated across
the organization to employees and contractor
workmen.
20.2 H&S Initiatives
The thrust on Surakhsha Samvad and Zone
Improvement initiatives that were launched in
the preceding year in the plants was maintained.
A new strategy was adopted to provide impetus
to implementation of Fatality Prevention
Elements (FPE) and requirements of Contractor
Safety Management (CSM) directives, thereby
creating an environment which strives to
ensure Zero harm to people. Nine facilitators
were nominated from Corporate and Regional
H&S teams to support plants in implementing
the directive requirements with each facilitator
assigned to work in these areas with two
Cement Plants and the nearest RMX plant/s
and thus help raise the implementation level of
CSM and FPE requirements. The progress was
closely monitored by top management with the
facilitator team to review activities, sharing of
learning and resolving bottlenecks.
H&S business processes and information systems
across the Company were further strengthened
with the launch of an online H&S application
called Click2Safety. This application helps
streamline reporting in a manner that gives
Corporate Overview
access to all employees, is standardized, is faster

and enriches the H&S database.
As part of the UN Global Road Safety Week in
0D\ \RXU &RPSDQ\ H[WHQGHG
wholehearted support to the SaveKidsLives
campaign to demonstrate a serious commitment
to road safety for children and to enhance
general road safety awareness. The campaign
was planned and implemented as a highinvolvement campaign across the organization.
In the course of this campaign, all units engaged
with their key stakeholders comprising children
of employees and the community, parents,
schools, teachers, guardians, drivers and the
general public. This campaign engaged over
32,000 people around our units, making it among
the largest Employee Volunteering programmes.
Considering road safety to be an essential part
RIWKH&RPSDQ\
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make it an ongoing three-year commitment to
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20.3/RJLVWLFV6DIHW\
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your Company. Ongoing initiatives undertaken
in this regard included provisions of various
plant and parking level protocols, creation of
certain hygiene factors for truck drivers and
their crew such as amenities at truck parking
yards, improving tarpaulin tying practices,
improving Personal Protective Equipment usage,
renewal of logistics contracts to include safety
parameters and issue of passports for drivers
as well as vehicles which are informal internal
databases that provide details of individual
identity, registration, roadworthiness and safety
preparedness.
<RXU&RPSDQ\IRFXVHGRQVL[SURMHFWVSHUWDLQLQJ
to the Indian logistics scenario which consisted of
Driver Management Centre (DMC), Community
road safety education with the help of CSR, use
of technology (GPS & RFID) in logistics safety,
engagement of drivers and transporters and
reduced dependence on market trucks.
Another focus area was inclusion of safety
awareness in warehouses. This involved display
of standardized safety posters and observation

of safety day/month at each warehouse with a
o[HGVDIHW\WRSLFEHLQJGLVFXVVHG
20.4 Health Initiatives
In the area of health, your Company worked
to raise EMR (Emergency Medical Response)
capabilities in mines and in Captive Power
Plants (CPP) during the year. Each Cement
Manufacturing Unit is now equipped with
basic life-saving equipment in the health
FHQWUH ZHOOHTXLSSHG oUVW DLG URRP LQ PLQHV
and CPP. Each site has an Advanced Life
Support (ALS) ambulance with stretchers and
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Company has trained all the shift supervisors at
each plant in basic life support techniques, thus
creating a companywide pool of 3,500 trained
shift supervisors.
To reduce health risk factors among employees
and their families a well-structured approach
has been started which involves all stakeholders.
7KHVWUDWHJ\LQFOXGHVXVHRI&RPSDQ\
VLQWHUQDO
electronic portal for health sensitization
programme and nomination of Health Peers
from among Shop Floor Associates (SFA) cadre
to spread health awareness among their
colleagues, other employees and their families.
This structured approach is yielding results and
we estimate it to have helped reduce the health
risk factor among employees by 2%.
During the year, your Company tied up with
$LU DPEXODQFH VHUYLFHV WR H[SHGLWH HYDFXDWLRQ
in the event of medical emergencies at remote
plant locations. This will go a long way in
ensuring timely medical care to the employees
when needed.
21. HUMAN RESOURCES
The Company adopted a new functional organization
structure with effect from April 1, 2015, replacing the
earlier regional-based structure in a smooth swift
transition. The new structure is intended to enable
the organization to be more collaborative, agile and
streamlined in implementing strategy, harnessing
LQWHUQDO IXQFWLRQDO H[SHUWLVH WR WKH IXOOHVW DQG LQ
enhancing stakeholder value.
39
ACC Limited
(PSOR\HH5HODWLRQV
A new HR policy was introduced from January 1,

2015 which described employee compensation,
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efforts to offer one of the Best Places to Work in the
cement industry. The new policy was designed to
DWWUDFWQHZWDOHQWDQGPRWLYDWHH[LVWLQJHPSOR\HHV
to contribute to their peak performance levels.
The IMT initiative has brought about visible signs

of improvement in on-site safety performance and
work culture, whilst at the same time resulted in
a reduction of 12.5% in the deployment of human
resources in all categories and enhancement of
11.6% in productivity.
In 2015, the Company participated in a Global

Employee Engagement Survey conducted by the
Group. Designed by Aon Hewitt, this was felt to be
more insightful than the Engaging For Results (EFR)
Survey of employee feedback that was conducted
annually since 2007. Maintaining the trend seen in
WKH ()5 H[HUFLVH WKLV VXUYH\ DOVR VDZ SDUWLFLSDWLRQ
of a very high order at 96%; more meaningfully the
results showed an employee satisfaction of 86%. The
high satisfaction score suggests that a predominant
VKDUHRIHPSOR\HHVZHUHVDWLVoHGZLWKYDULRXVZRUN
related initiatives, people processes, training and
learning opportunities.
Recognizing the need to rehabilitate those

employees (permanent as well as on contract) who
are affected by the IMT programme, your Company
has established vocational guidance centres
manned by full-time trainers to provide skill training
useful in securing alternative re-employment and in
setting-up micro enterprises and cottage industries.
A detailed need assessment was conducted to
understand the potential employment opportunity
in nearby areas alongside a demographic survey of
HPSOR\HHV
IDPLO\ PHPEHUV WR XQGHUVWDQG
their learning and employability potential.
7KH&RPSDQ\
V+5IXQFWLRQLVUHFRJQL]HGLQWKHVHFWRU
for its engagement and leadership development
processes in nurturing talent necessary to keep
WKH RUJDQL]DWLRQ
V WDOHQW SRRO IXWXUH UHDG\ 7KH
Company continued with efforts to ensure that its
pool of human resources is future ready through
its robust processes of learning & development,
capability building and its development programmes
IRU VKRS pRRU DVVRFLDWHV (IIRUWV FRQWLQXHG WR EH
taken to develop leadership lines as well as to
enhance technical and functional capabilities with
special focus on nurturing young talent, in order to
PHHW IXWXUH FKDOOHQJHV 7KH &RPSDQ\
V /HDUQLQJ
Academy at Thane received the Golden Peacock
National Training Award of the Institute of Directors.
,QGLD0DQXIDFWXULQJ7UDQVIRUPDWLRQ,07
The IMT programme aims to make the work-culture
in the core areas of production and maintenance
in the cement plants more contemporary. This
envisages a lean manufacturing organization design
ZLWKPXOWLWDVNLQJVWDQGDUGL]DWLRQDQGVLPSOLoFDWLRQ
of manufacturing processes, improved productivity
standards, introduction of a centralized maintenance
design with better planning and benchmarking
with the best-in-class. These initiatives will enable
40
WKH FHPHQW SODQWV RSHUDWH PRUH HIoFLHQWO\ LQ

a competitive environment and render them
compatible with global manufacturing standards.
Industrial Relations
Employee Relations at all the Units remained cordial.
This has helped to build a healthy relationship
and resolve issues through mutual dialogue. A
PDMRU DFKLHYHPHQW LQ WKLV DUHD ZDV WKH VXFFHVVIXO
conclusion of a common long term wage settlement
between the Company and trade unions at all plants
that takes effect retrospectively from April 2014
and will be in force till March 2018. This accord
incorporates novel elements such as a productivity
enhancement scheme, a new incentive scheme
to encourage clinker despatches, improvement in
housekeeping, elimination of waste and effective
XWLOL]DWLRQ RI WLPH 7KH VHWWOHPHQW LV H[SHFWHG
to contribute towards enhancing productivity at
WKH SODQWV EHVLGHV HQMRLQLQJ HPSOR\HHV DQG
VKRSpRRU DVVRFLDWHV Dt plants to adapt to a richer
work culture.
6H[XDO+DUDVVPHQWRI:RPHQDW:RUNSODFH
The Company is an equal opportunity employer
and consciously strives to build a work culture that
promotes dignity of all employees. As required under
WKHSURYLVLRQVRIWKH6H[XDO+DUDVVPHQWRI:RPHQ
at Workplace (Prevention, Prohibition and Redressal)
Corporate Overview
Act, 2013 and Rules framed thereunder, the Company

has implemented a policy on prevention, prohibition
DQGUHGUHVVDORIVH[XDOKDUDVVPHQWDWWKHZRUNSODFH
ZKLFK KDV EHHQ XSORDGHG RQ WKH &RPSDQ\
V
intranet portal. All women, permanent, temporary
or contractual including those of service providers
are covered under the policy. An Internal Complaints
&RPPLWWHH FRPSULVLQJ oYH PDQDJHPHQW VWDII
has been set up which includes three women to
UHGUHVV FRPSODLQWV UHODWLQJ WR VH[XDO KDUDVVPHQW
Besides, in each of the units there is one nodal person
WR UHFHLYH DQG IRUZDUG FRPSODLQWV WR WKH koUVW
instance person (FIP) who is a woman or directly to
the Committee.
In future, all Mining leases will be granted by a

process of auction/bidding. However, under the
MMDR WKHH[LVWLQJOHDVHKROGHUZKRVHWHUPRIOHDVH
KDVH[SLUHGZLOOJHWWKHULJKWRIoUVWUHIXVDODWWKHWLPH
of auction of the said mining lease, in cases where the
mineral is used for captive purposes. This will give the
incumbent lease holder an opportunity to obtain the
same lease at the highest bid, which is likely be at an
increased cost.
To mitigate this risk, the Company is increasing the
consumption of petcoke and additives which enables
it to use low grade limestone and thus achieve mineral
conservation while increasing the life of the plant.
22. BUSINESS RISKS & OPPORTUNITIES
7KH&RPSDQ\
VDSSURDFKWRDGGUHVVLQJEXVLQHVVULVNV
is comprehensive and enables timely anticipation
RI ULVNV DQG LGHQWLoFDWLRQ RI RSSRUWXQLWLHV HQDEOLQJ
appropriate responses, thereby enhancing the
&RPSDQ\
V FRPSHWLWLYH DGYDQWDJH 6HSDUDWH
approaches DUHGHoQHGIRUHDFKRIWKHPDLQEXVLQHVV
segments of cement and RMX and forms an integral
SDUWRIWKH&RPSDQ\
V0LG7HUP3ODQQLQJF\FOH
5DZ0DWHULDOV5LVNV
Limestone is the principal raw material for Portland
Cement. Under the new Mines and Minerals
(Development and Regulation) Amendment Act, 2015,
leases granted before the commencement of the Act,
IRUFDSWLYHXVHDUHH[WHQGHGXSWRDSHULRGHQGLQJRQ
March 31, 2030, or till the completion of their renewal
SHULRG ZKLFKHYHU LV ODWHU 0RVW RI WKH &RPSDQ\
V
OLPHVWRQHOHDVHVWKHUHE\JHWDQH[WHQVLRQXSWR
by virtue of this Act. For new leases, the period of lease
ZLOOEHoIW\\HDUVIURPWKHGDWHRIJUDQW
Awareness programmes were conducted across the

Company to sensitize the employees to uphold the
dignity of their colleagues at workplace, particularly
ZLWK UHVSHFW WR SUHYHQWLRQ RI VH[XDO KDUDVVPHQW
Some employees were sent to attend training
SURJUDPPHVFRQGXFWHGE\DQH[WHUQDODJHQF\
The Company has implemented a Business Risk

Management Policy which lays down the framework
to identify business risks at both Corporate level and
at Business Segment level.
The Company is faced with various risks at an

operational level which very often have the potential
to offer business opportunities. Some of the main
risks are discussed herein:
During the year, the Company received one complaint

RQ VH[XDO KDUDVVPHQW 7KH FRPSODLQW KDV EHHQ
investigated and appropriate action has been taken.
There were no complaints pending for more than
90 days.
The Business Risk Management Committee, chaired

by an Independent Director, is functioning as
required under SEBI Regulations. The Committee met
twice during the year. Details of this Committee, its
terms of reference and functioning are set out in the
Corporate Governance Report.
Competition Risks
7KH FRXQWU\
V &HPHQW ,QGXVWU\ LV SUHVHQWO\ IDFLQJ
intense competition with the entry of new players and
VRPHH[LVWLQJPDQXIDFWXUHUVJURZLQJLQRUJDQLFDOO\
:H H[SHFW WKLV VLWXDWLRQ WR FRQWLQXH 7R PLWLJDWH
WKLVULVNWKH&RPSDQ\LVOHYHUDJLQJRQLWVH[SHUWLVH
H[SHULHQFH DQG WKH DGGLWLRQDO FDSDFLWLHV DW -DPXO
DQG6LQGULZKLFKDUHH[SHFWHGWREHFRPPLVVLRQHGLQ
Q2 2016. This will enable the Company to maintain
its market share particularly in the Eastern Region.
Simultaneously, the Company is implementing
measures to enhance its brand equity, visibility
and comparative advantage, broaden its product
portfolio and service offerings while leveraging on
its ICI (Infrastructure, Commercial and Institutional)
Sales team to offer value to large customers. The
Company is also closely monitoring its costs so as to
be more competitive in the marketplace.
41
ACC Limited
3URDFWLYH6DIHW\&XOWXUH
<RXU &RPSDQ\ KDV LGHQWLoHG +HDOWK 6DIHW\ RI

employees and workmen as one of its key focus areas.
Various safety assessments and training programmes
are regularly conducted to reinforce the concept of
Safety as a Value and to nurture a proactive safety
culture. These include programmes on Behaviour
Based Safety Training and Visible Safety Leadership.
Health and Safety competencies are integrated into
WKH MRE GHVFULSWLRQV RI DOO 0DQDJHPHQW 6WDII VXFK
that accountability is further strengthened.
Safety on National roads is largely dependent on
various factors such as the overall condition and
maintenance of roads, vehicle road-worthiness
DQGJHQHUDOREVHUYDQFHRIURDGWUDIoFODZV$VSDUW
of its Logistics Safety function and Indian Road
Safety Programme, the Company has taken several
initiatives including regular simulator-based driver
training, vehicle inspection for road-worthiness
and the use of Global Positioning Systems (GPS)
to monitor outbound movement of cement to the
end user.
Opportunities
<RXU &RPSDQ\ DOVR UHJXODUO\ H[DPLQHV SRWHQWLDO

opportunities created from situations involving
business risks. These include possibilities in the areas
of the availability and sourcing of raw materials,
HQHUJ\HIoFLHQF\DQGFRQVHUYDWLRQORJLVWLFVSURGXFW
development and market segmentation based on
research, imbibing best practices in manufacturing
and other areas leading to productivity improvement.
&203(7,7,21$33(//$7(75,%81$/&203$7$33($/

In December 2015, the Competition Appellate
Tribunal (COMPAT) set aside an Order passed by
the Competition Commission of India (CCI) in June
2012 and remanded the matter to the Commission
IRU IUHVK DGMXGLFDWLRQ ZLWKLQ D WLPHOLQH RI WKUHH
months. The said CCI order of June 2012 was
LQ UHVSRQVH WR D FRPSODLQW oOHG E\ WKH %XLOGHUV
Association of India against leading cement
companies (including ACC) alleging violations of
certain sections of the Competition Act, 2002.
The CCI order had levied a penalty on cement
companies, which for the Company was of ` 1,147.59
crore. Responding to appeals against payment
of this penalty, COMPAT had granted an interim
42
stay while directing the Company and others to

deposit 10% of the penalty which was placed as a
)L[HG 'HSRVLW ZLWK D EDQN ZLWK WKH &RPPLVVLRQ
having a lien thereon. The deposit amount has since
EHHQUHIXQGHGWRWKH&RPSDQ\0HPEHUV
DWWHQWLRQ
is invited to Note No. 37 in the Notes to the Financial
Statements.
24. INTERNAL CONTROL SYSTEMS
24.1,QWHUQDO&RQWURO6\VWHPVDQGWKHLUDGHTXDF\
7KH &RPSDQ\ KDV LQ SODFH ZHOO GHoQHG DQG

adequate internal controls commensurate
with the size of the Company and the same
were
operating
effectively
throughout
the year.
The Company has an in-house Internal Audit
(IA) function. The scope and authority of the
,QWHUQDO$XGLWIXQFWLRQLVGHoQHGLQWKH,QWHUQDO
$XGLW &KDUWHU 7R PDLQWDLQ LWV REMHFWLYLW\ DQG
independence, the IA function reports to the
Chairman of the Audit Committee of the Board.
7KH ,$ 'HSDUWPHQW HYDOXDWHV WKH HIoFDF\
and adequacy of internal control system, its
compliance with operating systems and policies
of the Company and accounting procedures at all
locations of the Company. Based on the report of
IA function, process owners undertake corrective
action in their respective areas and thereby
VWUHQJWKHQ WKH FRQWUROV 6LJQLoFDQW DXGLW
observations and corrective actions thereon are
presented to the Audit Committee of the Board.
24.2 Internal Controls Over Financial Reporting

The Company has in place adequate internal
oQDQFLDO FRQWUROV FRPPHQVXUDWH ZLWK WKH VL]H
VFDOH DQG FRPSOH[LW\ RI LWV RSHUDWLRQV 'XULQJ
the year, such controls were tested and no
reportable material weakness in the design or
operations were observed. The Company has
policies and procedures in place for ensuring
SURSHU DQG HIoFLHQW FRQGXFW RI LWV EXVLQHVV
the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy
and completeness of the accounting records
DQG WKH WLPHO\ SUHSDUDWLRQ RI UHOLDEOH oQDQFLDO
information.
Corporate Overview
The Company has adopted accounting policies

which are in line with the Accounting Standards
and the Act. These are in accordance with
generally accepted accounting principles in
India. Changes in policies, if required, are
made in consultation with the Auditors and are
approved by the Audit Committee.
Environment (VCCE) and on Anti Bribery and

Corruption Directive (ABCD) through e-learning
modules and face to face sessions, achieving a high
OHYHO RI HQJDJHPHQW DQG FRPSOLDQFH 7KLV UHpHFWV
\RXU &RPSDQ\
V VWURQJ FRPPLWPHQW WR k=HUR
tolerance for non-compliances in this regard and to
doing business the right way and with integrity.
7KH &RPSDQ\ KDV D UREXVW oQDQFLDO FORVXUH

FHUWLoFDWLRQPHFKDQLVPIRUFHUWLI\LQJDGKHUHQFH
to various accounting policies, accounting
hygiene and accuracy of provisions and other
estimates.
27. SUBSIDIARIES, ASSOCIATE AND JOINT VENTURE

COMPANIES
,1',$1 $&&2817,1* 67$1'$5'6 ,1' $6 q ,)56

CONVERGED STANDARDS
During the year under review, BCCI handled

cement volumes of 1.00 million tonnes as
DJDLQVW PLOOLRQ WRQQHV LQ 7KH 3URoW
EHIRUH WD[ DQG H[FHSWLRQDO LWHPV IRU WKH \HDU
2015 was ` 3.04 crore as against ` 6.29 crore in
the year 2014.
7KH0LQLVWU\RI&RUSRUDWH$IIDLUVYLGHLWVQRWLoFDWLRQ
GDWHG)HEUXDU\KDVQRWLoHGWKH&RPSDQLHV
(Indian Accounting Standard) Rules, 2015.
,Q SXUVXDQFH RI WKLV QRWLoFDWLRQ WKH &RPSDQ\

LWV VXEVLGLDULHV DQG MRLQW YHQWXUH FRPSDQ\ ZLOO
adopt IND AS with effect from January 01, 2017,
with the comparatives for the periods ending
December 31, 2016.
7KH LPSOHPHQWDWLRQ RI ,1' $6 LV D PDMRU FKDQJH

process for which the Company has established
D SURMHFW WHDP DQG LV GHGLFDWLQJ FRQVLGHUDEOH
resources. The impact of the change on adoption of
IND AS is being assessed.
26. VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has a vigil mechanism named
EthicalView Reporting Policy (EVRP) to report concerns
about unethical behaviour, actual/suspected frauds
DQG YLRODWLRQ RI &RPSDQ\
V &RGH RI &RQGXFW
Protected disclosures can be made by a whistle blower
through several channels. An EthicalView Committee
KDV EHHQ FRQVWLWXWHG WR GLVFXVV WKH oQGLQJ RI WKH
investigations of the complaints and to recommend
remedial actions. The Audit Committee of the
Board oversees the functioning of the EthicalView
Committee. The Company has disclosed the details
of the EthicalView Reporting Policy on its website
www.acclimited.com.
Also during the year, your Company reached out
H[WHQVLYHO\ WR HPSOR\HHV WR FRQGXFW JUHDWHU
awareness on Value Creation in Competitive
27.1 SUBSIDIARIES
BXON&HPHQW&RUSRUDWLRQ,QGLD/LPLWHG%&&,
$&&0LQHUDO5HVRXUFHV/LPLWHG$05/
AMRL had entered into a Joint Venture for
developing four coal blocks. Consequent upon the
cancellation of these coal blocks during 2014, this
Company does not have any operating income.
Other Subsidiaries
As regards the other three Subsidiary Companies,
i.e Lucky Minmat Limited, National Limestone
Company Private Limited and Singhania Minerals
Private Limited, these are limestone deposit
companies and are currently not operational.
27.2 ASSOCIATE / JOINT VENTURE COMPANIES
As on December 31, 2015, the following are
Associate Companies:
v
$OFRQ&HPHQWV&RPSDQ\3ULYDte Limited
v
$DNDDVK0DQXIDFWXULQJ&RPSDQ\3ULYDWH/LPLWHG
v
$VLDQ&RQFUHWHVDQG&HPHQWV3ULYDWH/LPLWHG
During the year, the Company has invested

` 2.5 crore in equity shares of OneIndia BSC
3ULYDWH /LPLWHGy ZKLFK LV D MRLQWO\ FRQWUROOHG
HQWLW\ ZLWK HTXDO SDUWLFLSDWLRQ ZLWK $PEXMD
Cements Limited, a fellow subsidiary Company,
ZLWKDQDLPWRSURYLGHEDFNRIoFHVHUYLFHVZLWK
respect to routine processess.
43
ACC Limited
27.3 6WDWHPHQW FRQWDLQLQJ VDOLHQW IHDWXUHV RI

$FFRXQWV RI WKH &RPSDQ\
V 6XEVLGLDULHV
Associate / Joint Venture Companies
Pursuant to Section 129(3) of the Act, a
statement in Form AOC 1 containing the
salient features of the Financial Statements of
HDFK RI WKH VXEVLGLDULHV DVVRFLDWHV DQG MRLQW
venture companies is attached.
Although the audited statements of account,
UHODWLQJ WR WKH &RPSDQ\
V VXEVLGLDULHV DUH QR
ORQJHUUHTXLUHGWREHDWWDFKHGWRWKH&RPSDQ\
V
Annual Report, the same are enclosed as and by
way of better disclosure practices. These are also
DYDLODEOHRQWKH&RPSDQ\
VZHEVLWHDQGFDQEH
accessed at the weblink http://www.acclimited.
FRPQHZVLWHoQDQFHDQQXDOBUHSRUWBSGI
the Company with effect from July 17,

LQ WKH FDWHJRU\ RI 1RQ([HFXWLYH
v
0U &KULVWRI +DVVLJ DV DQ $GGLWLRQDO

Director of the Company with effect from
December 9, 2015 in the category of
1RQ([HFXWLYH 1RQ,QGHSHQGHQW 'LUHFWRU
Mr Hassig, heads the Corporate Strategy
and Mergers & Acquisitions function in LH.
v
0U 0DUWLQ .ULHJQHU DV $GGLWLRQDO 'LUHFWRU

of the Company with effect from February
LQWKHFDWHJRU\RID1RQ([HFXWLYH
Non-Independent Director. Mr Kriegner who
is currently Area Manager for LH operations
in Central Europe, will be taking over as
Area Manager for India in the LH group with
effect from March 1, 2016.
28. LAFARGEHOLCIM LTD.

In April 2014, Holcim Limited (which represents
\RXU &RPSDQ\
V SURPRWHU JURXS KDG DQQRXQFHG
its intention to combine with Lafarge S.A. through
a merger of equals to create the most advanced
company in the global building materials industry.
Holcim and Lafarge completed their global merger
to create a new company called LafargeHolcim Ltd.
which was launched on July 15, 2015 and which
has emerged as a world leader in the building
materials industry.
While the global merger has no immediate impact
RQ \RXU &RPSDQ\
V RSHUDWLRQV WKH &RPSDQ\ KDV
taken advantage of the opportunity to align itself
ZLWK VRPH RI WKH JURXS
V SROLFLHV LQ WKH DUHDV RI
Health & Safety and Sustainable Development as also
EHQHoW IURP WKH DFFHVV WR D ODUJHU SRRO RI JOREDO
best practices.
In accordance with Section 161 of the Act, the

DIRUHVDLG 'LUHFWRUV KROG RIoFH XSWR WKH GDWH
of the forthcoming Annual General Meeting
of the Company and being eligible offer their
candidature for appointment as Directors. Your
approval for their appointment as Directors in
WKHFDWHJRU\RI1RQ([HFXWLYH1RQ,QGHSHQGHQW
Directors has been sought in the Notice convening
the forthcoming Annual General Meeting of
the Company.
The Board of Directors has elected Mr Eric Olsen,
CEO of LafargeHolcim Ltd., as Deputy Chairman
of the Board with effect from February 11, 2016.
29.25HVLJQDWLRQRI'LUHFWRUV
v
&RQVHTXHQWXSRQKLVUHVLJQDWLRQDV&(2RI
former Holcim Limited, Mr Bernard Fontana,
D 1RQ([HFXWLYH DQG 1RQ,QGHSHQGHQW
Director of the Company resigned from
the Board of Directors with effect from
July 17, 2015.
v
0U $LGDQ /\QDP D 1RQ([HFXWLYH DQG D

Non-Independent Director of the Company
also resigned from the services of former
Holcim Limited and consequently stepped
down from the Board of Directors of the
Company with effect from July 14, 2015.
29. DIRECTORS & KEY MANAGERIAL PERSONNEL

29.1 $SSRLQWPHQWRI'LUHFWRUV
Pursuant to the request received from Holcim
(India) Private Ltd, to consider the appointment
of their representatives on the Board of Directors
and on the recommendation of the Nomination
& Remuneration Committee, the Board of
Directors has appointed:
v
44
0U (ULF 2OVHQ &(2 RI /DIDUJH+ROFLP

Ltd. (LH), as an Additional Director of
Corporate Overview
v
Report. The same is also available on the

website of the Company and can be accessed
by web link http://www.acclimited.com/
QHZVLWHSGI,QGXFWLRQBSURJUDPSGI
0U %HUQDUG 7HUYHU 'HSXW\ &KDLUPDQ

D 1RQ([HFXWLYH DQG 1RQ,QGHSHQGHQW
Director decided to retire from the
services of LafargeHolcim Ltd. and has
therefore stepped down from the Board of
Directors of the Company with effect from
February 11, 2016.
b.
29.3'LUHFWRUVFRPLQJXSIRUUHWLUHPHQWE\URWDWLRQ
29.6.H\0DQDJHULDO3HUVRQQHO
The following persons have been designated
as Key Managerial Personnel of the Company
pursuant to Section 2(51) and Section 203 of the
Act, read with the Rules framed thereunder.
29.4 Independent Directors

7KH ,QGHSHQGHQW 'LUHFWRUV KROG RIoFH IRU D

o[HG WHUP RI oYH \HDUV DQG DUH QRW OLDEOH WR
retire by rotation.
In accordance with Section 149(7) of the Act,
each Independent Director has given a written
GHFODUDWLRQ WR WKH &RPSDQ\ FRQoUPLQJ WKDW
he/she meets the criteria of independence as
mentioned under Section 149(6) of the Act
and SEBI Regulations.
29.5%RDUG(IIHFWLYHQHVV
D )DPLOLDUL]DWLRQ 3URJUDPPH
Independent Directors
IRU
WKH
In compliance with the requirements of

SEBI Regulations, the Company has put in
place a familiarization programme for the
Independent Directors to familiarize them
with their role, rights and responsibility
as Directors, the working of the Company,
nature of the industry in which the
Company operates, business model etc. The
details of the familiarization programme
DUHH[SODLQHGLQWKH&RUSRUDWH*RYHUQDQFH
Board Evaluation
Pursuant to the provisions of the Act and the
SEBI Regulations, the Board has carried out
the annual performance evaluation of its
own performance, the Directors individually
as well as the evaluation of the working
of its Audit, Nomination & Remuneration
and Compliance Committees. The criteria
applied in the evaluation process are
H[SODLQHG LQ WKH &RUSRUDWH *RYHUQDQFH
Report.
The Board of Directors has placed on record

its warm appreciation of the rich contribution
made by Mr Fontana, Mr Lynam and Mr Terver
during their respective tenures as Directors of
the Company.
In accordance with the provisions of the Act,

and the Articles of Association of the Company,
0U 9LMD\ .XPDU 6KDUPD UHWLUHV E\ URWDWLRQ
and being eligible offers his candidature for
re-appointment as a Director.
1. Mr Harish Badami, CEO & Managing Director

0U6XQLO1D\DN&KLHI)LQDQFLDO2IoFHU
0U%XUMRU'1DULPDQ&RPSDQ\6HFUHWDU\
Head Compliance
None of the Key Managerial Personnel have
resigned during the year under review.
29.7 &ULWHULD IRU VHOHFWLRQ RI FDQGLGDWHV IRU
DSSRLQWPHQW DV 'LUHFWRUV .H\ 0DQDJHULDO
Personnel and Senior leadership positions
<RXU &RPSDQ\ KDV ODLG GRZQ D ZHOOGHoQHG

criteria for the selection of candidates for
appointment as Directors, Key Managerial
Personnel and senior leadership positions.
The relevant information has been given in
$QQH[XUH C%
ZKLFK IRUPV SDUW RI WKH %RDUG
V
Report.
29.85HPXQHUDWLRQ3ROLF\IRU'LUHFWRUV
The policy for remuneration of Directors, Key
Managerial Personnel and Senior Management
3HUVRQQHOLVVHWRXWLQ$QQH[XUHC&
ZKLFKIRUPV
SDUWRIWKH%RDUG
V5HSRUW
45
ACC Limited
30. DIRECTORS RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and
DFFRUGLQJ WR WKH LQIRUPDWLRQ DQG H[SODQDWLRQV
obtained by them, your Directors make the following
statement in terms of Section 134 of the Act:
31.3 CSR Committee
a.
that in the preparation of the annual accounts

for the year ended December 31, 2015, the
applicable accounting standards have been
IROORZHGDORQJZLWKSURSHUH[SODQDWLRQUHODWLQJ
to material departures, if any;
b.
that such accounting policies as mentioned in

Note 2 of the Notes to the Financial Statements
have been selected and applied consistently
DQG MXGJPHQW DQG HVWLPDWHV KDYH EHHQ PDGH
that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the
Company as on December 31, 2015, and of the
SURoW RI WKH &RPSDQ\ IRU WKH \HDU HQGHG RQ
that date;
F
WKDW SURSHU DQG VXIoFLHQW FDUH KDV EHHQ WDNHQ

for the maintenance of adequate accounting
records in accordance with the provisions of
the Companies Act, 2013 for safeguarding the
assets of the Company and for preventing and
detecting fraud and other irregularities;
d.
that the annual accounts have been prepared on

a going concern basis;
H
WKDWSURSHULQWHUQDOoQDQFLDOFRQWUROVODLGGRZQ
by the Directors were followed by the Company
DQGVXFKLQWHUQDOoQDQFLDOFRQWUROVDUHDGHTXDWH
and were operating effectively; and
f.
that proper systems to ensure compliance with

the provisions of all applicable laws have been
devised and such systems were adequate and
were operating effectively.
31. MEETINGS
31.1 Board Meetings
'XULQJ WKH \HDU VL[ %RDUG 0HHWLQJV ZHUH

convened and held, the details of which are
given in the Corporate Governance Report.
31.2 Audit Committee

46
Committee are Independent Directors. During

WKH \HDU VL[ $XGLW &RPPLWWHH 0HHWLQJV ZHUH
convened and held. Details of the Committee are
given in the Corporate Governance Report.
7KH $XGLW &RPPLWWHH FRPSULVHV oYH 0HPEHUV

of which four including the Chairman of the
7KH &65 &RPPLWWHH FRPSULVHV oYH PHPEHUV

of which three including the Chairman of the
Committee are Independent Directors. The
Committee met twice during the reporting
period. Details of the Committee are given in the
Corporate Governance Report.
32. PARTICULARS OF CONTRACTS OR ARRANGEMENTS

WITH RELATED PARTIES
All transactions with Related Parties are placed before
the Audit Committee as also the Board for approval.
Prior omnibus approval of the Audit Committee and
the Board is obtained for the transactions which are
of a foreseen and repetitive nature. The transactions
entered into pursuant to the omnibus approval so
granted are audited and a statement giving details
of all related party transactions is placed before the
Audit Committee and the Board of Directors for
their approval on a quarterly basis. The statement is
VXSSRUWHG E\ D FHUWLoFDWH IURP WKH &(2 0' DQG
the CFO. Your Company has developed a Related
Party Transactions Manual, Standard Operating
3URFHGXUHV IRU WKH SXUSRVH RI LGHQWLoFDWLRQ DQG
monitoring of Related Party Transactions.
The policy on Related Party Transactions as approved
E\WKH%RDUGLVDYDLODEOHRQWKH&RPSDQ\
VZHEVLWH
and can be accessed through weblink http://www.
acclimited.com/newsite/pdf/CG/PolicyonRPT.pdf
All transactions entered into with related parties
GXULQJWKH\HDUZHUHRQDQDUP
VOHQJWKSULFLQJEDVLV
and were in the ordinary course of business. There were
no material related party transactions i.e transactions
H[FHHGLQJ WHQ SHUFHQW RI WKH DQQXDO FRQVROLGDWHG
WXUQRYHUDVSHUWKHODVWDXGLWHGoQDQFLDOVWDWHPHQWV
entered into during the year. Accordingly, there are
no transactions that are required to be reported in
Form AOC 2.
None of the Directors nor the Key Managerial
Personnel has any pecuniary relationships or
transactions vis--vis the Company.
Corporate Overview
33. ADOPTION OF NEW ARTICLES

The Companies Act, 2013 and The Companies
(Amendment) Act, 2015 has necessitated changes
in the Articles of Association of the Company. It
is accordingly proposed that a new set of Articles
of Association be adopted by the Members and a
Resolution to this effect is included at Item No. 9
in the Notice of the Annual General Meeting. The
Board recommends the resolution for adoption by
the Members.
34. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS
7KHUHDUHQRVLJQLoFDQWRUPDWHULDORUGHUVSDVVHGE\
the Regulators, Courts or Tribunals which impact the
going concern status of the Company and its future
RSHUDWLRQV +RZHYHU 0HPEHUV
DWWHQWLRQ LV GUDZQ
to the following development.
Section 8A(5) of the MMDR (Amendment) Act, in

those cases where application for renewal of mining
leases were pending, the leases stood automatically
H[WHQGHGIURPWKHGDWHRIWKHODVWH[SLU\XSWR
7KH +RQ
EOH +LJK &RXUW DIWHU KHDULQJ WKH 6HQLRU
Counsel for the Company, has stayed both the
demands upon the deposit of ` 48 Crore, which
LV ZLWKRXW SUHMXGLFH WR WKH ULJKWV DQG FRQWHQWLRQV
RI ERWK WKH SDUWLHV 0HPEHUV
DWWHQWLRQ LV LQYLWHG
to Note No. 36(B)(f) of the Notes to the Financial
Statements.
0HPEHUV
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Contingent Liabilities, in the notes forming part of
the Financial Statements.
35. AUDITORS
35.16WDWXWRU\$XGLWRUV
7KH&RPSDQ\
V$XGLWRUV0HVVUV65%& &2//3
Chartered Accountants, Mumbai, who retire
at the ensuing Annual General Meeting of the
Company are eligible for re-appointment. They
KDYH FRQoUPHG WKHLU HOLJLELOLW\ XQGHU 6HFWLRQ
141 of the Act, and the rules framed thereunder
for re-appointment as Auditors of the Company.
As required under SEBI Regulations, the Auditors
KDYH DOVR FRQoUPHG WKDW WKH\ KROG D YDOLG
FHUWLoFDWHLVVXHGE\WKH3HHU5HYLHZ%RDUGRIWKH
Institute of Chartered Accountants of India.
Chaibasa Mining
7KH 'LVWULFW 0LQLQJ 2IoFHU &KDLEDVD E\ KLV

letters dated January 2, 2015 and March 21, 2015,
demanded amounts of ` 215 crore and ` 666 crore
towards alleged illegal mining on the part of the
Company in mining lease areas of 63.87 hectares and
598.88 hectares, respectively.
The basis for the State to issue these demands were
WZR MXGJHPHQWV RI WKH +RQ
EOH 6XSUHPH &RXUW YL]
the Goa Foundation case (dated April 21, 2014) and
Common Causes case (dated May 16, 2014). It was the
contention of the State that in view of the aforesaid
MXGJHPHQWVWKHEHQHoWRIGHHPHGUHQHZDOFDQQRWEH
made available for second and subsequent renewals
and the mining activity therefore subsequent to validity
of the last renewals would attract penalties under
Section 21(5) of the Mines & Mineral (Development
& Regulation) Act (MMDR Act) and hence the levy of
penalties as aforesaid.
The aforesaid demands were challenged by your
&RPSDQ\E\ZD\RID:ULW3HWLWLRQEHIRUHWKH+RQ
EOH
High Court of Jharkhand at Ranchi on the grounds
that pursuant to the Supreme Court Judgements,
Parliament had introduced the MMDR Amendment
Ordinance on 12.01.2015, which subsequently
became the MMDR (Amendment) Act, 2015. As per
7KH $XGLWRUV KDYH JLYHQ DQ XQTXDOLoHG $XGLW

Report.
35.2 Cost Auditors

The cost audit records maintained by the
Company in respect of its cement activity
are required to be audited pursuant to
Section 148 of the Act and the Rules framed
thereunder. Your Directors have on the
recommendation of the Audit Committee,
appointed Messrs N I Mehta & Co. to audit the cost
DFFRXQWVRIWKH&RPSDQ\IRUWKHoQDQFLDO\HDU
ended December 31, 2015. As required under the
Act, the remuneration payable to the Cost Auditor
is required to be placed before the Members
LQ D *HQHUDO 0HHWLQJ IRU WKHLU UDWLoFDWLRQ.
47
ACC Limited
Accordingly, a Resolution for seeking Members

UDWLoFDWLRQ IRU WKH UHPXQHUDWLRQ SD\DEOH WR
Messrs N I Mehta & Co., Cost Auditor, is included
at Item No. 8 of the Notice convening the Annual
General Meeting.
35.3 Secretarial Audit
Pursuant to the provisions of Section 204
of the Act, and the Rules framed thereunder,
the
Company
has
appointed
Messrs.
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Secretaries in Practice to undertake the
Secretarial Audit of the Company. The Report of
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5HSRUWDV$QQH[XUHC'

36. AWARDS
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in Sustainability and felicitated with the prestigious
CII-ITC Sustainability Award 2015 for Outstanding
Accomplishment in the Category A (large companies
with turnover > ` 2000 crore). Winners of the CII-ITC
6XVWDLQDELOLW\$ZDUGDUHFRQVLGHUHGDVWKHFRXQWU\
V
best role models in sustainability practices.
Celebrating its 20th anniversary, National Stock
([FKDQJH RI ,QGLD /LPLWHG 16( IHOLFLWDWHG \RXU
&RPSDQ\ DQG oIWHHQ RWKHU FRPSDQLHV RXW RI WKH
50 companies whose scrip constitutes the Nifty 50
,QGH[ DQG KDYH EHHQ D SDUW RI WKH LQGH[ IURP LWV
inception.
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Silver Shield from the prestigious Institute of
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Financial Reporting.
During the year under review, your Company
also received several other awards and citations
from reputed bodies for good performance in
areas as diverse as Safety, Manufacturing, Energy
Conservation, Logistics, Environment Management
and Communication.
37. ENHANCING SHAREHOLDER VALUE

48
<RXU &RPSDQ\ oUPO\ EHOLHYHV WKDW LWV VXFFHVV LQ

the marketplace and a good reputation are
among the primary determinants of value to the
shareholder. The organizational vision is founded
on the principles of good governance and by the
resolve to be a customer-centric organization which

PRWLYDWHVWKH&RPSDQ\
V0DQDJHPHQWWREHDOLJQHG
to deliver leading-edge building products backed
with dependable after sales services.
Your Company is committed to creating and
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essentially follows a four pronged approach to
achieve this end.
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b)
by identifying strategies that enhance its

competitive advantage,
c)
by managing risks and pursuing opportunities

IRUSURoWDEOHJURZWKDQG
d)
by cementing relationships with other important

stakeholder groups through meaningful
engagement
processes
and
mutually
rewarding associations that enable it to create
positive impacts on the economic, societal
and environmental dimensions of the Triple
Bottom Line.
Underlying this is also a dedication to value-friendly

oQDQFLDOUHSRUWLQJWKDWDVVXUHVWKHVKDUHKROGHUDQG
investor of receiving transparent and unfettered
LQIRUPDWLRQRQWKH&RPSDQ\
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38. CORPORATE GOVERNANCE
A separate section on corporate governance
practices followed by the Company, together with a
FHUWLoFDWH IURP WKH &RPSDQ\
V $XGLWRUV FRQoUPLQJ
compliance, forms a part of this Annual Report,
as per SEBI Regulations.
39. BUSINESS RESPONSIBILITY REPORTING
A separate section on Business Responsibility forms
part of this Annual Report as required by SEBI
Regulations.
40. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION
AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The information on conservation of energy, technology
DEVRUSWLRQDQGIRUHLJQH[FKDQJHHDUQLQJVDQGRXWJR
as stipulated in Section 134(3)(m) of the Act, and the
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$QQH[XUHC(
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Corporate Overview
41. EXTRACT OF ANNUAL RETURN

As required by Section 92(3) of the Act and the Rules
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LQ )RUP 0*7 LV HQFORVHG DV $QQH[XUH C)
WR WKH
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42. PARTICULARS OF EMPLOYEES
Disclosure pertaining to the remuneration and other
details as required under Section 197(12) of the Act,
and the Rules framed thereunder is enclosed as
$QQH[XUHC*
WRWKH%RDUG
V5HSRUW
The information on employees who were in receipt
of remuneration of not less than ` 60 lakhs during
the year or ` 5 lakhs per month during any part
of the year forms part of this Report and will be
provided to any Member on a written request to the
Company Secretary. In terms of Section 136 of the
Act, the Report and Accounts are being sent to the
0HPEHUVDQGRWKHUVHQWLWOHGWKHUHWRH[FOXGLQJWKH
DIRUHVDLG$QQH[XUHZKLFKLVDYDLODEOHIRULQVSHFWLRQ
E\ WKH 0HPEHUV DW WKH 5HJLVWHUHG 2IoFH RI WKH
Company during business hours on working days of
the Company up to the date of the ensuing Annual
General Meeting.
co-operation. The Directors are grateful to all

valuable stakeholders of the Company viz. our
customers, shareholders, dealers, vendors, banks and
RWKHUEXVLQHVVDVVRFLDWHVIRUWKHLUH[FHOOHQWVXSSRUW
and help rendered during the year. The Directors also
acknowledge the unstinted commitment and valued
contribution of all employees of the Company.
45. CAUTIONARY STATEMENT
Statements in the Boards Report and the Management
Discussion & Analysis describing the Companys
objectives, expectations or forecasts may be forwardlooking within the meaning of applicable securities laws
and regulations. Actual results may differ materially
from those expressed in the statement. Important
IDFWRUVWKDWFRXOGLQpXHQFHWKH&RPSDQ\
VRSHUDWLRQV
include global and domestic demand and supply
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input availability and prices, changes in government
regulations, tax laws, economic developments within
the country and other factors such as litigation and
industrial relations.
For and on behalf of the Board of Directors
44. ACKNOWLEDGEMENTS
Your Directors are thankful to the Central and
State Government Departments, Organizations
and Agencies for their continued guidance and
N S Sekhsaria
Chairman
Mumbai
February 10, 2016
49
ACC Limited
ANNEXURE A TO BOARDS REPORT
CSR POLICY STATEMENT

DSSURYHGE\WKH%RDUGRI'LUHFWRUVRQ'HFHPEHU
Our vision is to be one of the most respected companies in India, delivering superior
and sustainable value to all our customers, business partners, shareholders, employees,
and host communities.
Our CSR initiatives focus on the holistic development of our host communities while
creating social, environmental and economic value to society.
7RSXUVXHWKHVHREMHFWLYHVZHZLOOFRQWLQXHWR
50
v
8SKROG DQG SURPRWH WKH SULQFLSOHV RI LQFOXVLYH JURZWK DQG HTXLWDEOH
development.
v
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and priorities of our host communities and measure the effectiveness of such
development programmes.
v
:RUNDFWLYHO\LQWKHDUHDVRI/LYHOLKRRGDGYDQFHPHQW(QKDQFLQJHPSOR\DELOLW\
and Income Generation, Improving Quality and reach of Education, Promoting
Health and Sanitation, conserving the Environment and supporting local Sports,
Arts and Culture.
v
&ROODERUDWH ZLWK OLNHPLQGHG ERGLHV VXFK DV *RYHUQPHQWV &LYLO 6RFLHW\

Organisations and Academic Institutions in pursuit of our Goals.
v
,QWHUDFWUHJXODUO\ZLWKVWDNHKROGHUVUHYLHZDQGSXEOLFO\UHSRUWRXU&65LQLWLDWLYHV
Corporate Overview
ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES

1.
A brief outline of the Companys CSR Policy, including

overview of projects or programmes proposed to be
undertaken and a reference to the weblink to the
CSR Policy and projects or programmes.
Mr. Bernard Terver, Member (Non-Executive Director)

Mr. Harish Badami, Member (CEO&MD)
3.
$YHUDJH QHW SURoW RI WKH FRPSDQ\ IRU ODVW WKUHH

oQDQFLDO\HDUV
The DYHUDJHQHWSURoWRIWKH&RPSDQ\IRUODVWWKUHH
oQDQFLDO\HDUVLV` 1,395.20 Crore.
4.
Prescribed CSR Expenditure (two percent of the

amount as in item 3 above)
CSR Policy statement is given hereinbefore.

Weblink:
http://www.acclimited.com/newsite/pdf/Policy/
ACCCSRPolicy_2015SignedbyMD.pdf
2.
` 27.90 Crore
The Composition of the CSR Committee:

Mr. Shailesh Haribhakti, Chairman (Non-Executive /
Independent Director)
5.
Ms. Falguni Nayar, Member (Non-Executive /

Mr. Farrokh K Kavarana, Member (Non-Executive /
c)
'HWDLOVRI&65VSHQWIRUWKHoQDQFLDO\HDUV
D 7RWDO DPRXQW WR EH VSHQW GXULQJ WKH oQDQFLDO
year:
` 27.90 Crore
b)
Amount unspent, if any:

NIL
The PDQQHULQZKLFKWKHDPRXQWKDVEHHQVSHQWGXULQJWKHoQDQFLDO\HDULVGHWDLOHGEHORZ
Sr.
No.
CSR Project/
Activities
1.
ACC DISHA Youth Employability
Sector
(Schedule VII - (ii)

Promotion of
education including
special education
and employment
enhancing vocation
skills especially
among children,
women, elderly
and the differently
abled and livelihood
enhancement
project)
Locations - Districts (States)
Bilaspur (Himachal Pradesh), Katni

(Madhya Pradesh), Bundi (Rajasthan),
Gauriganj (Uttarpradesh), Bargarh
(Odisha),
West
Singhbhum
(Jharkhand),
Purulia
(West
Bengal),
Durg
(Chhatisgarh),
Dhanbad (Jharkhand), Chandrapur
(Maharashtra),
Yavatmal
(Maharashtra), Bellary (Karnataka),
Chikkaballarpur
(Karnataka),
Gulbarga(Karnataka), and Coimbatore
(Tamil Nadu)
Amount
Outlay
(Budget)
Project or
Program
wise
(` Crore)
2.95
Amount Spent
on the project
or programs Cumulative
Amount
Expenditure Spent: Direct
(` Crore)
upto
or through
Sub - Heads:
reporting implementation
1. Direct
agency
period
Expenditure
(` Crore)
on Projects or
(` Crore)
programs
2YHUKHDGV
3.71
3.71
3.71
51
ACC Limited
Sr.
No.
CSR Project/
Activities
2.
ACC- LIESA
Sector
Sustainable
Agriculture
(Schedule VII (ii)
Promotion of
education including
special education
and employment
enhancing vocation
skills especially
among children,
women, elderly
and the differently
enhancement
project)
3.
ACC Women
Swavlamban Empowerment
(Schedule VII
(iii) Promoting
gender equality,
empowering
women, setting up
homes and hostels
for women and
orphans; setting up
old age homes, day
care centres and
such other facilities
for senior citizens
and measures for
reducing inequalities
faced by socially
and economically
backward groups)

Amount
Outlay
(Budget)
Project or
Program
wise
(` Crore)
Amount Spent
on the project
Amount
(` Crore)
upto
or through
Sub - Heads:
1. Direct
agency
period
Expenditure
(` Crore)
on Projects or
(` Crore)
programs
2YHUKHDGV

(Odisha), West Singhbhum (Jharkhand),
Purulia
(West
Bengal),
Durg
(Chhatisgarh), Dhanbad (Jharkhand),
Chandrapur (Maharashtra), Yavatmal
(Maharashtra), Gulbarga (Karnataka),
Bellary (Karnataka), Chikkaballarpur
(Karnataka) and Coimbatore (Tamil
Nadu)
4.04
6.64
6.64
6.64

Purulia
(West
Bengal),
Durg
(Karnataka), and Coimbatore (Tamil
Nadu)
3.05
3.36
3.36
3.36
Corporate Overview
Sr.
No.
CSR Project/
Activities
4.
ACC Vidya
Utkarsh
Quality Education
ACC Vidya
Saarathi
Scholarship and
support
5.
Sector
(Schedule VII
(ii) Promotion of
education including
special education
and employment
enhancing vocation
skills especially
among children,
women, elderly
and the differently
enhancement
project)
(Schedule VII
(ii) Promotion of
education including
special education
and employment
enhancing vocation
skills especially
among children,
women, elderly
and the differently
enhancement
project)
Amount
Outlay
(Budget)
Project or
Program
wise
(` Crore)
Amount Spent
on the project
Amount
(` Crore)
upto
or through
Sub - Heads:
1. Direct
agency
period
Expenditure
(` Crore)
on Projects or
(` Crore)
programs
2YHUKHDGV

Purulia
(West
Bengal),
Durg
(Karnataka), Shrawasti (Uttar Pradesh),
Shahazanhapur
(Uttar
Pradesh),
Jaunpur (Uttar Pradesh), Mirzapur
(Uttar Pradesh),Mewat (Haryana),
Sirmaur (Himachal Pradesh), Sheopur
(Madhya
Pradesh),
Rudraprayag
(Uttarakhand), Alwar (Rajasthan), and
Coimbatore (Tamil Nadu)
6.17
5.13
5.13
5.13

Purulia
(West
Bengal),
Durg
Nadu)
0.57
0.38
0.38
0.38
53
ACC Limited
Sr.
No.
CSR Project/
Activities
6.
ACCArogyam
Sector
Health
(Schedule VII
(i) Eradicating
hunger poverty
and malnutrition,
promoting
preventive health
care and sanitation
and making
available safe
drinking water)
Amount
Outlay
(Budget)
Project or
Program
wise
(` Crore)
Amount Spent
on the project
Amount
(` Crore)
upto
or through
Sub - Heads:
1. Direct
agency
period
Expenditure
(` Crore)
on Projects or
(` Crore)
programs
2YHUKHDGV

Purulia
(West
Bengal),
Durg
Nadu)
5.18
3.70
3.70
3.70
7.
ACC Sanitation
Sampoorn
(Schedule VII
Swachhata
(i) Eradicating
hunger poverty
and malnutrition,
promoting
preventive health
care and sanitation
and making
available safe
drinking water)

Purulia
(West
Bengal),
Durg
(Karnataka), Coimbatore (Tamil Nadu)
5.06
4.14
4.14
4.14
8.
Conservation of
ACC
Sanrakshit Environment
Paryavaran
(Schedule VII
(iv) Ensuring
environmental
sustainability,
ecological balance,
protection of
pRUDDQGIDXQD
animal welfare,
agroforestry,
conservation of
natural resources
and maintaining
quality of soil, air
and water)

Purulia
(West
Bengal),
Durg
(Karnataka), Coimbatore (Tamil Nadu)
Aurangabad (Maharashtra) and Beed
(Maharashtra)
2.53
3.16
3.16
3.16
54
Corporate Overview
Sr.
No.
CSR Project/
Activities
9.
ACC -Drona Promoting Local,

Arts and Culture
Sector

(Schedule VII (vii)
Training to promote
rural sports, nationally Purulia
(West
Bengal),
Durg
recognized sports,
Paralympic sports and (Chhatisgarh), Dhanbad (Jharkhand),
Olympic sports
(v) Protection
ofnational heritage, art Bellary (Karnataka), Chikkaballarpur
and culture including
restoration of buildings Nadu)
Amount
Outlay
(Budget)
Project or
Program
wise
(` Crore)
Amount Spent
on the project
Amount
(` Crore)
upto
or through
Sub - Heads:
1. Direct
agency
period
Expenditure
(` Crore)
on Projects or
(` Crore)
programs
2YHUKHDGV
1.95
0.94
0.94
0.94
and sites of historical

importance and works
of art; setting up public
libraries; promotion
and development of
traditional arts and
handicrafts)
TOTAL
31.47
31.16
31.16
31.16
* Details of some of the implementing agencies 1. ACC MAVIM Loksanchalit Sadhan Kendra - CMRC- Ghugus,2. Agranee Jan
Kalyan Anusthan, 3.Akruti Rural Development Trust, 4. Amhi Amchya Arogyasathi, 5. Bala ji associates , Uttarpradesh, 6. CENTUM
Foundation, New Delhi, 7. Chattisgarh Pradesh Judo sangh, 8. Creative India, 9. CREDA, 10. Dehat ( Developmenal Association
for Human Advancement ) Bahraich, 11. Dilasa Janvikas Pratishthan, Aurangabad, 12. Forum for Rural Development (FORD),
13. Foundation for MSME clusters , New Delhi, 14. HARITIKA, 15. Himachal Pradesh Voluntary Health Association(HPVHA), Shimla,
16. IIMPACT, New Delhi, 17. Indian Grameen Services, 18. Jan Mangal Sansthan, 19. Jan Sevak Samiti, Bhilai, 20. DEEDS, 21. Loka
Kalyan Parishad, 22. Mahashakti Foundation, 23. Mahatma Gandhi Integrated development and Education Institute, Bandikui,
Rajasthan, 24. Naad Gunjan Kala Parishad, 25. Pancham Research and Bio tech Sansthan , Lucknow, 26. SANSKAR, 27. Sarva Seva
Samiti Sanstha, 28. SATTVA, 29. SEEDS, 30.Self reliant initiatives through joint action (SRIJAN), 31. SERDS, Kadirannagari Palli,
Bagepalli Tal, 32.Sulabh International, 33. Udyogini, 34. WESTRIC TRUST
** Overheads : ` 3.53 Crore
,QFDVHWKHFRPSDQ\KDVIDLOHGWRVSHQGWKHWZRSHUFHQWRIWKHDYHUDJHQHWSURoWRIWKHODVWWKUHHoQDQFLDO\HDUVRUDQ\SDUW
thereof, the company shall provide the reasons for not spending the amount in its board report.
Not Applicable
7.
A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy is in compliance
with CSR objective and Policy of the company.
ACC CSR projects were designed, implemented and periodically monitored based on need assessment reports and CSR
Policy of the Company, which in turn is based on and implemented with statutory requirements.
Sd/-
Sd/-
HARISH BADAMI
SHAILESH V. HARIBHAKTI
Chairman, CSR Committee
55
ACC Limited
ANNEXURE B TO BOARDS REPORT
CRITERIA FOR SELECTION OF CANDIDATES FOR APPOINTMENT AS DIRECTORS, KEY MANAGERIAL

PERSONNEL AND MEMBERS OF THE EXECUTIVE COMMITTEE
The Nomination & Remuneration Committee plays an
important role in ensuring that there is a formal and
transparent process for appointment to the Board of
Directors and is, interalia, responsible for identifying
potential candidates for appointment as Directors.
7KH &RPPLWWHH WDNHV LQWR DFFRXQW WKH %RDUG
V H[LVWLQJ
composition vis-a-vis the need to have a broad based
and diverse Board commensurate with the size and
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V RSHUDWLRQV 7KLV HQVXUHV
WKDW WKH &RPSDQ\ JHWV WKH PD[LPXP EHQHoW IURP WKH
contributions and deliberations of an accomplished and
diverse group of individuals and professionals, that issues
are discussed from different angles fostering creativity
LQWKH%RDUG
VGHFLVLRQPDNLQJSURFHVVDVZHOODVSURYLGH
for comprehensive strategic planning and effective risk
management at the highest level.
Some of the important criteria considered by the
Nomination & Remuneration Committee in identifying
candidates for appointment as Directors are:
a.
b.
F
d.
selection of candidates from a wide cross section

of industries and professional backgrounds,
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candidate, their domain and functional knowledge
LQ WKH oHOGV RI PDQXIDFWXULQJ PDUNHWLQJ oQDQFH
WD[DWLRQODZJRYHUQDQFHDQGJHQHUDOPDQDJHPHQW
so as to enable the Board to discharge its function
and duties effectively;
in case of recommendation for appointment
of Independent Directors, the Nomination &
Remuneration Committee shall also satisfy itself
with regard to the independent nature of the Director
vis--vis the Company;
WKH FDQGLGDWHV LGHQWLoHG IRU DSSRLQWPHQW DV
'LUHFWRUVVKRXOGQRWEHGLVTXDOLoHGIRUDSSRLQWPHQW
under Section 164 of the Act;
the following attributes / criteria will be considered
whilst recommending the candidature for
appointment as Director:
i.
age of the candidate;
ii.
integrity of the candidate;
iii. personal, Professional or Business Standing;

iv.
56
diversity of the Board;
v.
positive attributes of the candidate;
YL LQ FDVH RI UHDSSRLQWPHQW RI 1RQ([HFXWLYH

Directors, the Nomination & Remuneration
Committee whilst making its recommendation
to the Board of Directors, shall take into
consideration the performance evaluation of
the Director and his engagement level.
The Nomination & Remuneration Committee shall meet
potential candidates to assess their level of competence,
H[SHULHQFHDQGWKHLUSHUVRQDODQGRWKHUSRVLWLYHDWWULEXWHV
before making its recommendation to the Board.
For the purpose of assessing the attributes of the
candidate, the Committee shall, interalia, take into
consideration whether the candidate demonstrates:
v
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v
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communication skills;
v
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consideration;
v
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and in the best interests of the Company and its
stakeholders;
v
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and governance of the Company;
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Company;
v
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V &RGH RI
Business Conduct.
The Board of Directors (including the Nomination &

Remuneration Committee) periodically review vacancies
likely to occur on the completion of the tenure of Non([HFXWLYH'LUHFWRUVIRUWLPHO\oOOLQJRIVXFKYDFDQFLHV
In the selection of the CEO&MD, the Nomination &
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Corporate Overview
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ZKRGHPRQVWUDWHSRVLWLYHDWWULEXWHVDVH[SODLQHGDERYH
The ability of the candidate to adapt to the organizational
culture and ethos are also considered. The Committee also
HQVXUHVWKDWWKHLGHQWLoHGFDQGLGDWHLVQRWGLVTXDOLoHGIRU
appointment as a Director. In this regard, the Committee
also takes into consideration the recommendations
received from any Member of the Committee / Board of
Directors.
,Q FDVH RI DSSRLQWPHQW RI SHUVRQV WR WKH ([HFXWLYH

Committee, the Nomination & Remuneration Committee
considers the recommendation of the CEO&MD in this
regard, who shall base his recommendation on the
DVVHVVPHQWRIWKHTXDOLoFDWLRQVH[SHUWLVHDQGH[SHULHQFH
functional knowledge and skills of the candidate, his/
her positive attributes and the ability and agility of the
candidate to adapt to the overall organizational culture
and ethos.
57
ACC Limited
ANNEXURE C TO BOARDS REPORT
POLICY FOR REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL

AND MEMBERS OF THE EXECUTIVE COMMITTEE
5HPXQHUDWLRQ3KLORVRSK\
The collective responsibility of the Board of Directors is
the guiding principle in determining the compensation
IRU 1RQ([HFXWLYH 'LUHFWRUV ZKLOVW DW WKH VDPH WLPH
recognizing
and adequately compensating
the
Chairman of the Board of Directors, the Chairman
of the Audit Committee and Members of the Audit
Committee and Compliance Committee for the additional
responsibilities shouldered by them. The Chairman
of the Board is required to provide leadership and
EDODQFHFRQpLFWVRILQWHUHVWLIDQ\VRWKDWGHFLVLRQVDUH
taken in the best interests of the Company and to ensure
highest standards of governance. Likewise, the Members
of the Audit Committee and the Compliance Committee
have the onerous responsibility to respectively ensure
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policies and accounting principles and compliance with
applicable laws. The Members of the Audit Committee
and the Compliance Committee and particularly the
Chairman of the Audit Committees is required to
spend considerable time for providing guidance to the
0DQDJHPHQWLQGHDOLQJZLWKPDMRULVVXHV
Remuneration
7KH UHPXQHUDWLRQ RI WKH 1RQ([HFXWLYH 'LUHFWRUV LV
determined within the limits prescribed under Section 179
read with the rules framed thereunder and Schedule V to the
Companies Act, 2013 (hereinafter collectively referred to
as the Act) and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (hereinafter referred to
as SEBI Regulations).
7KH 1RQ([HFXWLYH 'LUHFWRUV RI WKH &RPSDQ\ UHFHLYH
remuneration by way of sitting fees for attending the
Board / Committee Meetings and commission as detailed
hereunder:
i.
LL
58
sitting fees for each meeting of the Board or

Committee of the Board attended by the Director,
of such sum as may be approved by the Board of
Directors within the overall limits prescribed under
the Act;
VXEMHFW WR WKH DSSURYDO RI WKH 0HPEHUV LQ *HQHUDO
Meeting, payment of commission on an annual basis,
of such sum as may be approved by the Board on the
recommendation of the Nomination & Remuneration
&RPPLWWHH VXEMHFW WR WKH FHLOLQJ SUHVFULEHG XQGHU
the Act. Pursuant thereto, the total commission
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QHWSURoWRIWKH&RPSDQ\
iii. the commission is generally paid on a uniform basis,
to reinforce the principles of collective responsibility
of the Board;
iv.
the Nomination & Remuneration Committee may

recommend a higher commission for the Chairman
of the Board of Directors, taking into consideration
his overall responsibility;
v.
in determining the quantum of commission payable

to the Directors, the Nomination & Remuneration
Committee shall make its recommendation after
taking into consideration the overall performance
of the Company and having regard to the onerous
responsibilities required to be shouldered by the
Director etc.
vi.
the Nomination & Remuneration Committee

may recommend to the Board, for the payment
of an additional commission to those Directors
who are Members on the Audit Committee and
WKH &RPSOLDQFH &RPPLWWHH RI WKH %RDUG VXEMHFW
to a ceiling on the total commission payable as
may be decided;
vii. in addition to the remuneration paid under Clause (ii)

and (vi) above, the Chairman of the Audit Committee
shall be paid an additional commission, as may be
recommended to the Board by the Nomination &
Remuneration Committee;
viii. the commission shall be payable on a prorata basis to
WKRVH'LUHFWRUVZKRRFFXS\RIoFHIRUSDUWRIWKH\HDU
L[ WKH,QGHSHQGHQW'LUHFWRUVRIWKH&RPSDQ\VKDOOQRW
be entitled to participate in Stock Option Scheme of
the Company, if any, introduced by the Company.
The CSR Committee has decided not to accept any sitting
fees and pursuant thereto, no sitting fees are paid to
the Members of the CSR Committee for attending CSR
Committee Meetings
5HPXQHUDWLRQ 3ROLF\ IRU WKH &KLHI ([HFXWLYH 2IoFHU
0DQDJLQJ'LUHFWRU&(2 0'DQG([HFXWLYH&RPPLWWHH
Members
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DQG WKH ([HFXWLYH &RPPLWWHH Members is broadly
Corporate Overview
guided by the fact that the Company gains a competitive

advantage in attracting, retaining and motivating talent.
This can be ensured by providing a remuneration structure
which when benchmarked with comparable companies
within the industry / sector compares favourably so as to
attract talent. At the same time the reward proposition is
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function and its importance for achieving a competitive
advantage in business.
LL
i.
The CEO&MD shall be paid such remuneration as

may be mutually agreed between the Company
(which includes the Nomination & Remuneration
Committee and the Board of Directors) and the
CEO&MD, within the overall limits prescribed under
the Act.
In determining the remuneration the Nomination

& Remuneration Committee shall consider the
following:
the relationship between remuneration and
performance;
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UHpHFWLQJ VKRUW DQG ORQJ WHUP SHUIRUPDQFH
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Company and its goals;
c.
responsibility required to be shouldered by the

CEO&MD, the industry benchmarks and current
trends;
the CoPSDQ\
VSHUIRUPDQFHYLVYLVWKHDQQXDO
budget achievement and individual performance
vis--vis the KRAs / KPIs.
e.
in keeping with best industry practices, to ensure

that the remuneration is competitive and that it
compares favourably with the Industry.
In determining the remuneration of the Key Managerial

3HUVRQQHO.03DQG([HFXWLYH&RPPLWWHH0HPEHUVWKH
Nomination & Remuneration Committee shall consider
the following:
the relationship between remuneration and
performance;
E WKH EDODQFH EHWZHHQ o[HG DQG LQFHQWLYH SD\

UHpHFWLQJ VKRUW DQG ORQJ WHUP SHUIRUPDQFH
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Company and its goals;
7KHUHPXQHUDWLRQVKDOOEHVXEMHFWWRWKHDSSURYDORI
the Members of the Company in General Meeting.
a.
d.
a.
iii. The remuneration of the CEO&MD shall be broadly

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o[HG FRPSRQHQW FRPSULVHV VDODU\ DOORZDQFHV
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variable component viz. performance bonus and
other long term incentives.
iv.
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DQGWKH([HFXWLYH&RPPLWWHH0HPEHUV
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i.
ii.
c.
the remuneration is divided into two components

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SHUTXLVLWHVDQGUHWLUHPHQWEHQHoWVDQGDYDULDEOH
component comprising performance bonus;
d.
the remuneration including annual increment

and performance bonus, is decided based on
the criticality of the roles and responsibilities,
WKH&RPSDQ\
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budget achievement, individuals performance
vis--vis KRAs/KPIs, industry benchmarks and
current compensation trends in the market.
The CEO&MD will carry out the individual

performance review based on the standard appraisal
PDWUL[ DQG VKDOO WDNH LQWR DFFRXQW WKH DSSUDLVDO
score card and other factors mentioned hereinabove, whilst recommending the annual increment
and performance incentive to the Nomination
& Remuneration Committee for its review and
approval.
59
ACC Limited
ANNEXURE D TO BOARDS REPORT
Form No. MR-3

SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31st DECEMBER, 2015
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No. 9 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
ACC Ltd
D 7KH 6HFXULWLHV DQG ([FKDQJH %RDUG RI ,QGLD

(Substantial Acquisition of Shares and Takeovers)
Regulations, as amended from time to time;
We have conducted the secretarial audit of the compliance

of applicable statutory provisions and the adherence to
good corporate practices by ACC Ltd (hereinafter called
the Company). Secretarial Audit was conducted in a
manner that provided us a reasonable basis for evaluating
the corporate conducts/statutory compliances and
H[SUHVVLQJRXURSLQLRQWKHUHRQ
E 7KH 6HFXULWLHV DQG ([FKDQJH %RDUG RI ,QGLD

(Prohibition of Insider Trading Regulations, as
amended from time to time;
%DVHG RQ RXU YHULoFDWLRQ RI WKH &RPSDQ\

V ERRNV
SDSHUV PLQXWH ERRNV IRUPV DQG UHWXUQV oOHG DQG
other records maintained by the Company and also the
LQIRUPDWLRQSURYLGHGE\WKH&RPSDQ\LWVRIoFHUVDJHQWV
and authorized representatives during the conduct of
secretarial audit, We hereby report that in our opinion,
the Company has, during the audit period covering the
oQDQFLDO \HDU HQGHG RQ VW 'HFHPEHU FRPSOLHG
with the statutory provisions listed hereunder and also
that the Company has proper Board-processes and
FRPSOLDQFH PHFKDQLVP LQ SODFH WR WKH H[WHQW LQ WKH
PDQQHUDQGVXEMHFWWRWKHUHSRUWLQJPDGHKHUHLQDIWHU
:H KDYH H[DPLQHG WKH ERRNV SDSHUV PLQXWH ERRNV
IRUPV DQG UHWXUQV oOHG DQG RWKHU UHFRUGV PDLQWDLQHG
E\ WKH &RPSDQ\ IRU WKH oQDQFLDO \HDU HQGHG RQ
31st December, 2015 according to the provisions of:
(i)
The Companies Act, 2013 (the Act) and the rules

made there under;
(ii) The Securities Contracts (Regulation) Act, 1956

C6&5$
DQGWKHUXOHVPDGHWKHUHXQGHU
(iii) The Depositories Act, 1996 and the Regulations and
Bye-laws framed thereunder;
(iv) The following Regulations and Guidelines prescribed
XQGHUWKH6HFXULWLHVDQG([FKDQJH%RDUGRI,QGLD$FW
C6(%,$FW

60
:H KDYH DOVR H[DPLQHG FRPSOLDQFH ZLWK WKH DSSOLFDEOH

clauses of the following:
(i)
The Listing Agreements entered into by the Company

ZLWK %6( /LPLWHG %RPED\ 6WRFN ([FKDQJH DQG
1DWLRQDO6WRFN([FKDQJHRI,QGLD/LPLWHG16(
LL 6HFXULWLHV DQG ([FKDQJH %RDUG RI ,QGLD /LVWLQJ

Obligation and Disclosure Requirements) Regulations,
2015 (with effect from 1st December, 2015);
(iii) Secretarial Standards issued by The Institute of
Company Secretaries of India.
:HIXUWKHUUHSRUWWKDW
The Board of Directors of the Company is duly constituted
ZLWKSURSHUEDODQFHRI([HFXWLYH'LUHFWRUV1RQ([HFXWLYH
Directors and Independent Directors. The changes in the
composition of the Board of Directors that took place
during the period under review were carried out in
compliance with the provisions of the Act.
Adequate notice is given to all directors to schedule the
Board Meetings, agenda and detailed notes on agenda
were sent at least seven days in advance, and a system
H[LVWVIRUVHHNLQJDQGREWDLQLQJIXUWKHULQIRUPDWLRQDQG
FODULoFDWLRQVRQWKHDJHQGDLWHPVEHIRUHWKHPHHWLQJDQG
for meaningful participation at the meeting.
During the period, all the decisions in the Board Meetings
were carried out unanimously.
We have relied on the representation made by the
&RPSDQ\LWV2IoFHUVDQG5HSRUWVRIWKH6WDWXWRU\$XGLWRU
Corporate Overview
for systems and mechanism framed by the Company for

compliances under other Acts, Laws and Regulations
DSSOLFDEOHWRWKH&RPSDQ\DVOLVWHGLQ$QQH[XUH
$QQH[XUH,
1.
EmSOR\HHV
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3URIHVVLRQDO7D[$FWDQG5XOHV
:H IXUWKHU UHSRUW WKDW there are adequate systems and
processes in the Company commensurate with the size
and operations of the Company to monitor and ensure
compliance with applicable laws, rules, regulations and
JXLGHOLQHV$VPHQWLRQHGDERYHDQGOLVWHGLQ$QQH[XUH,
:HIXUWKHUUHSRUWWKDW during the audit period there were
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VDIIDLUV
Pramod S. Shah-Partner
Pramod S. Shah & Associates
FCS No.: 334
C P No.: 3804
Place: Mumbai
Date: January 22, 2016
3.
Payment of Gratuity Act, 1972
4.
Apprentices Act, 1961
5.
Contract Labour (R&A) Act, 1970
(PSOR\PHQW([FKDQJHV&RPSXOVRU\1RWLoFDWLRQRI

vacancies) Act, 1959
7.
Employees State Insurance Act, 1947
8.
Employees Provident Fund & Misc provisions Act,

1952
9.
Equal Remuneration Act, 1976
10. Minimum Wages Act, 1948

11. Payment of Bonus Act, 1965
12. Shop and Establishment Act
,QFRPH7D[$FW
14. Finance Act, 1994
61
ACC Limited
ANNEXURE E TO BOARDS REPORT
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND

FOREIGN EXCHANGE EARNINGS & OUTGO
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$ &216(59$7,212)(1(5*<
The year under review was very crucial from the
point of view of Energy Conservation as it was the
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and Trade (PAT) Scheme introduced by the Ministry
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PDMRULQGXVWULHV
Your Company turned out a good PAT performance
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surpassing the target set by the Government of India
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&HUWLoFDWHV(6&VWUDGDEOHRQWKHPDUNHWIURPWKH
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number of ESCs are based on recommendations
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7HDP WR WKH %XUHDX RI (QHUJ\ (IoFLHQF\ %(( IRU
issuance of ESCs and may change marginally, before
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is given by BEE to the GoI.
62
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at all Plants to improve plant power factor and
also to reduce harmonics;
v
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lights is being done in phases for plant and
colony lighting across all plants.
During the year, the Company spent ` 11.20 crore on

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LPSOHPHQWLQJ ORZ FRVW FDSH[ RSH[ PHDVXUHV WR
reduce energy consumption.
7KH LQLWLDWLYHV WDNHQ DV H[SODLQHG DERYH ZRXOG

further improve the thermal and electrical energy
HIoFLHQF\RIWKH3ODQWs.
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/DNKHUL DQG &KDQGD 3ODQWV ZHUH DGMXGJHG HQHUJ\

HIoFLHQWXQLWVE\&RQIHGHUDWLRQRI,QGLDQ,QGXVWULHV
(CII), supported by BEE for best practices in energy
conservation. Kymore Plant also received the CII
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improvement.
Despite lower production volumes, the Company
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energy consumption for the year 2015 as compared
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was maintained at the same level.
v
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consists of 19 MW in the form of Wind Farms across
three states which has generated ~29.17 million
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Tamil Nadu - 13.22 million units, Maharashtra - 3.17
million units).
These units helped the Company to fully meet the
Renewable Purchase Obligation (Non-Solar) for
Madukkarai Plant in Tamil Nadu & Lakheri Plant in
5DMDVWKDQ EHVLGHV JHWWLQJ SRZHU DW D YHU\ FKHDS
cost.
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(India) Limited, Kalamboli are operating mainly on
renewable energy with negligible cost through the
wind turbines at Satara, Maharashtra.
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undertaken in various areas of Cement Manufacturing
and Captive Power Plants (CPPs), mainly through
operational measures as under:
v
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further to a Computational Fluid Dynamics (CFD)
study;
v
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7KH5HQHZDEOH(QHUJ\&HUWLoFDWHV5(&VJHQHUDWHG

through the Wind Turbine Generators were used
to partly trade off the Non Solar Renewable Power
Obligation of Gagal and Tikaria Plants, resulting in
substantial savings.
v
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Kymore, Chaibasa, Bargarh, Lakheri, Tikaria,
Gagal and Madukkarai Plants;
The Renewable Power Obligations (Solar & Non Solar)

of other plants were met by purchasing Renewable
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% TECHNOLOGY ABSORPTION
Your Company as part of LafargeHolcim Group
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form of Technology, Knowhow, Information and
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during the year accessed and applied such resources
with necessary application oriented research and
development in the following areas:
v
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through innovative co-processing;
v
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v
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LPSOHPHntation of Quality audits and Laboratory

Information Managment Systems.
In addition to the above, your Company has also

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and Plant availability and conservation of natural
resources by using low grade limestone etc.
Your Company is in the process of further
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of Technology and Knowhow and use of relevant
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LafargeHolcim Units to:
enhance
its
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reach
through
improvement of product quality and increasing
application oriented products;
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optimize cost, increDVHUHYHQXHDQGSURoWDELOLW\
& )25(,*1(;&+$1*(($51,1*6 287*2
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2015
` Crore
2.59
124.80
2014
` Crore
1.85
135.39
N S Sekhsaria
Chairman
Mumbai
February 10, 2016
63
ACC Limited
ANNEXURE F TO BOARDS REPORT
FORM No. MGT- 9

EXTRACT OF ANNUAL RETURN as on December 31, 2015
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I. Registration and other details
CIN
Registration Date
Name of the Company
Category / Sub Category of the Company
$GGUHVVRIWKH5HJLVWHUHG2IoFHDQGFRQWDFWGHWDLOV
Whether Listed Company
Name, Address and contact details of Registrar and
Transfer Agent, if any
L26940MH1936PLC002515
August 1, 1936
ACC Limited
Public listed Company having Share Capital
Cement House, 121 Maharshi Karve Road, Mumbai - 400020
Tel No. 022-33024321
Yes
The Company has an in-house Share Department
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1DPHDQG'HVFULSWLRQRIWKHPDLQ
1,&&RGHRIWKH
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Product / Services
Product / Service
Cement
3242
91.54
5HDG\0L[HG&RQFUHWH
3279
8.46
,,,3DUWLFXODUVRI+ROGLQJ6XEVLGLDU\$VVRFLDWHDQG-RLQW9HQWXUH&RPSDQLHV
1DPHDQGDGGUHVVRIWKH&RPSDQ\
CIN / GLN
Holcim (India) Private Limited
Suite 304,3rd Floor, DLF South Court, Plot A-1,

Saket District Centre, Saket, Delhi - 110 017
Holderind Investments Limited
Hagenholzstrasse 85, CH - 8050, Zurich, Switzerland
Holding /
RI Applicable
6XEVLGLDU\ Shares
Section
/ Associate
held
/ Joint
Venture
U26943DL2002PTC116851
Holding
50.01
2(46)
Foreign Company
Holding
0.29
2(46)
ACC Mineral Resources Limited
U10100MH1930PLC001612 Subsidiary
100
2(87)
Bulk Cement Corporation (India) Ltd.
U99999MH1992PLC066679 Subsidiary
94.65
2(87)
Lucky Minmat Limited
U14219RJ1976PLC001697
Subsidiary
100
2(87)
National Limestone Company Private Limited
U26944RJ1981PTC002227
Subsidiary
100
2(87)
U14109MP1992PTC007264 Subsidiary
100
2(87)
Alcon Cement Company Private Limited
U26942GA1992PTC001281
Associate
40
2(6)
Asian Concretes and Cements Private Limited
U26940CH2009PTC031641
Associate
45
2(6)
Aakaash Manufacturing Company Private Limited
U55101GA1995PTC001908
Associate
40
2(6)
U74900KA2015PTC082264
Joint
Venture
50
2(6)
Cement House, 121, Maharshi Karve Road, Mumbai 400 020

Plot No. W-7, KWC KalamboIi, Dist Raigad 410 218
G-9/C Kabir Marg, Bani Park, Jaipur 302 016
G-9/C, Kabir Marg, Bani Park, Jaipur 302 016
Singhania Minerals Private Limited
Paryavas Bhavan, 2nd Floor, Block No. 1, Jail Road,

Arera Hills, Bhopal 462 011 (MP)
QG)ORRU9HOKR%OGJ2SS0XQLFLSDO*DUGHQ3DQDML*RD
SCF-270, Motor Market, Mansadevi Road, Chandigarh 160 101
QG)ORRU9HOKR%OGJ2SS0XQLFLSDO*DUGHQ3DQDML*RD
OneIndia BSC Private Limited
1RC$
*URXQG)ORRUC7KH(VWDWH
1R'LFNHQVRQ5RDG
Bangalore - 560 042
64
Corporate Overview
,96KDUHKROGLQJ3DWWHUQ(TXLW\6KDUH&DSLWDO%UHDNXSDVSHUFHQWDJHRI7RWDO(TXLW\
L&DWHJRU\ZLVH6KDUHKROGLQJ
&DWHJRU\RI
Shareholders
1RRI6KDUHVKHOGDWWKHEHJLQQLQJRIWKH\HDU
-DQXDU\
Demat
A.
3K\VLFDO
Total
RI7RWDO
Shares
%
Change
RI7RWDO during
WKH\HDU
Shares
1RRI6KDUHVKHOGDWWKHHQGRIWKH\HDU
'HFHPEHU
Demat
3K\VLFDO
Total
3URPRWHUVLQFOXGLQJ
3URPRWHU*URXS
Indian
a)
Individuals / HUF
b)
Central Govt.
c)
State Govt.(s)
d)
Bodies Corporate
93888120
93888120
0 93888120
50.01
e)
Banks / Fl
f)
Any Other (specify)
93888120
93888120
0 93888120
50.01
6XE7RWDO$
50.01 93888120
50.01 93888120
Foreign
a)
NRIs - Individuals
b)
Other - Individuals
c)
Bodies Corporate
541000
541000
0.29
541000
541000
0.29
d)
Banks / Fl
e)
Any Other (specify)
541000
541000
0.29
541000
541000
0.29
94429120
94429120
50.30 94429120
541000
50.30
7782296
28620
7810916
28620
6901246
3.68
(0.48)
21129205
80471
21209676
80271 27058631
14.41
3.11
6XE7RWDO$
7RWDO6KDUHKROGLQJRI
Promoters & Promoter
*URXS$ $$
B.
Public Shareholding
Institutions
a)
Mutual Funds
b)
Banks / FI
c)
Central Govt.
d)
State Govt.(s)
56475
231340
287815
0.15
56475
231340
287815
0.15
e)
Venture Capital Funds
f)
Insurance Companies
g)
FIIs
31328117
17175
31345292
16475 22834842
12.16
(4.54)
h)
Foreign Venture
Capital Funds
i)
Any Other (specify)
60296093
357606
60653699
356706 57082534
30.40
(1.91)
6XE7RWDO%
4.16
6872626
11.30 26978360
16.70 22818367
32.31 56725828
65
ACC Limited
,96KDUHKROGLQJ3DWWHUQ(TXLW\6KDUH&DSLWDO%UHDNXSDVSHUFHQWDJHRI7RWDO(TXLW\
L&DWHJRU\ZLVH6KDUHKROGLQJ
&DWHJRU\RI
Shareholders
1RRI6KDUHVKHOGDWWKHEHJLQQLQJRIWKH\HDU
-DQXDU\
Demat
3K\VLFDO
Total
RI7RWDO
Shares
%
Change
RI7RWDO during
WKH\HDU
Shares
1RRI6KDUHVKHOGDWWKHHQGRIWKH\HDU
'HFHPEHU
Demat
3K\VLFDO
Total
Non-Institutions
D
Bodies Corporate
i)
Indian
ii)
Overseas
Individuals
6479350
133311
6612661
3.52
4245164
125371
4370535
2.33
(1.19)
i)
Individual Shareholders 14303617

holding nominal share
capital upto ` 1 lakh
6405742
20709359
6009260 20285842
10.81
(0.22)
ii)
Individual Shareholders
FDSLWDOLQH[FHVVRI`
1 lakh
962894
2858517
$Q\2WKHU6SHFLI\
i)
Shares held by
Pakistani citizens
vested with the
Custodian of Enemy
Property
ii)
Other Foreign
Nationals
iii)
Foreign Bodies
iv)
1895623
11.03 14276582
1.52
2080644
2080644
1.11
(0.41)
385965
385965
0.21
215765
215765
0.11
(0.1)
900
900
168901
168901
0.09
0.09
NRI / OCBs
591806
209350
801156
0.43
648175
207460
855635
0.46
0.03
v)
Clearing Members /
Clearing House
214940
214940
0.11
207887
207887
0.11
vi)
Trusts
717789
717789
0.38
2163477
2163477
1.15
0.77
3086
3086
854
854
358164
358164
0.19
5884162
5884162
3.13
2.94
6XE7RWDO%
24565275
8097262
32662537
17.40 29675846
6557856 36233702
19.30
1.90
Total Public Shareholding

% %%
84861368
8454868
93316236
49.70 86401674
6914562 93316236
49.70
179290488
8454868 187745356
100.00 180830794
6914562 187745356
100.00
vii) Limited Liability

Partnership
viii) Foreign Portfolio
Investors (Corporate)
L[
C.
4XDOLoHG)RUHLJQ
Investor
6KDUHVKHOGE\&XVWRGLDQ
IRU*'5V $'5V
*UDQG7RWDO$%&
66
Corporate Overview
LL6KDUHKROGLQJRI3URPRWHUVLQFOXGLQJ3URPRWHU*URXS
Shareholders Name
Holcim (India) Private Limted

Holderind Investments Limited
Total
6KDUHKROGLQJDWWKHEHJLQQLQJRIWKH\HDU
6KDUHKROGLQJDWWKHHQGRIWKH\HDU
% change in
-DQXDU\
'HFHPEHU
shareholding
during the
1RRI
RIWRWDO
RI6KDUHV
RI6KDUHV
1RRI
RIWRWDO
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Shares
VKDUHVRIWKH
Pledged /
Pledged /
Shares
shares
&RPSDQ\ encumbered to
encumbered to
RIWKH
total shares
total shares
&RPSDQ\
93888120
50.01
0 93888120
50.01
0
0
541000
0.29
0
541000
0.29
0
0
94429120
50.30
0 94429120
50.30
0
0
LLL&KDQJHLQ3URPRWHUVLQFOXGLQJ3URPRWHU*URXS6KDUHKROGLQJ3OHDVH6SHFLI\LIWKHUHLVQRFKDQJH

6KDUHKROGLQJDWWKHEHJLQQLQJRIWKH\HDU
-DQXDU\
1RRI6KDUHV
RIWRWDOVKDUHV
RIWKH&RPSDQ\
At the beginning of the year
Datewise increase / decrease in
Promoters Shareholding during the
year specifying the reasons for increase
/ decrease (e.g) allotment/ transfer/
bonus / Sweat Equity etc)
At the end of the year
&XPXODWLYH6KDUHKROGLQJGXULQJWKH\HDU
-DQWR'HF
1RRI6KDUHV
RIWRWDOVKDUHV
RIWKH&RPSDQ\
No Change during the year
LY6KDUHKROGLQJ3DWWHUQRI7RS7HQ6KDUHKROGHUV2WKHUWKDQ'LUHFWRUV3URPRWHUVDQG+ROGHUVRI*'5VDQG$'5V
as on December 31, 2015
Sl. 1DPHRIVKDUHKROGHUV
No.
/LIH,QVXUDQFH&RUSRUDWLRQRI,QGLD
Bought during the year
Sold during the year
$EHUGHHQ*OREDO,QGLDQ(TXLW\0DXULWLXV/LPLWHG
Shareholding at the
Cumulative Shareholding
EHJLQQLQJRIWKH\HDU
GXULQJWKH\HDU
-DQXDU\
-DQWR'HF
1RRIVKDUHV
RIWRWDO 1RRIVKDUHV
RIWRWDO
VKDUHVRI
VKDUHVRI
WKHFRPSDQ\
WKHFRPSDQ\
17971429
4285327
82005
-
9.57
2.28
0.04
-
22256756
22174751
22174751
11.85
11.81
11.81
3968936
0
200000
-
2.11
0.00
0.11
-
3968936
3768936
3768936
2.11
2.01
2.01
2054678
491678
0
-
1.09
0.26
0.00
-
2546356
2546356
2546356
1.36
1.36
1.36
1994039
0
1905185
-
1.06
0.00
1.01
-
1994039
88854
88854
1.06
0.05
0.05
)XQGQDPHFKDQJHGWRC$EHUGHHQ*OREDO,QGLDQ(TXLW\/LPLWHG
IURP

-30RUJDQ6LFDY,QYHVWPHQW&RPSDQ\0DXULWLXV/LPLWHG
$UDQGD,QYHVWPHQWV0DXULWLXV3WH/WG
67
ACC Limited
Sl. 1DPHRIVKDUHKROGHUV
No.
10
Shareholding at the
Cumulative Shareholding
EHJLQQLQJRIWKH\HDU
GXULQJWKH\HDU
-DQXDU\
-DQWR'HF
RIWRWDO
1RRIVKDUHV
RIWRWDO 1RRIVKDUHV
VKDUHVRI
VKDUHVRI
WKHFRPSDQ\
WKHFRPSDQ\
JP Morgan India Fund

ICICI3UXGHQWLDO/LIH,QVXUDQFH&RPSDQ\/WG
$EX'KDEL,QYHVWPHQW$XWKRULW\-KHOXP
-30RUJDQ,QGLDQ,QYHVWPHQW&RPSDQ\0DXULWLXV/LPLWHG
-30RUJDQ)XQGV(PHUJLQJ0DUNHWV(TXLW\)XQG
9DQJXDUG(PHUJLQJ0DUNHWV6WRFN,QGH[)XQG$6HULHV
RI9DQJXDUG,QWHUQDWLRQDO(TXLW\,QGH[)XQG
1561882
634106
80000
-
0.83
0.34
0.04
-
2195988
2115988
2115988
1.17
1.13
1.13
1473109
186185
654168
-
0.78
0.10
0.35
-
1659294
1005126
1005126
0.88
0.54
0.54
1083211
275000
0
-
0.58
0.15
0.00
-
1358211
1358211
1358211
0.72
0.72
0.72
1041660
758927
131244
-
0.55
0.40
0.07
-
1800587
1669343
1669343
0.96
0.89
0.89
1033438
0
219250
-
0.55
0.00
0.12
-
1033438
814188
814188
0.55
0.43
0.43
940798
8554
218981
-
0.50
0.00
0.12
-
949352
730371
730371
0.51
0.39
0.39
Notes:
7KHDERYHLQIRUPDWLRQLVEDVHGRQWKHZHHNO\EHQHoFLDU\SRVLWLRQUHFHLYHGIURP'HSRVLWRULHV
The datewise increase or decrease in shareholding of the top ten shareholders is available on the website of the Company www.acclimted.com
Y6KDUHKROGLQJRI'LUHFWRUVDQG.H\0DQDJHULDO3HUVRQQHO
1DPHRIWKH'LUHFWRU

Datewise increase / decrease in shareholding during
the year specifying the reason for increase / decrease
(e.g allotment / transfer / bonus / Sweat Equity etc)
68
6KDUHKROGLQJDWWKHEHJLQQLQJRI
Cumulative Shareholding during
WKH\HDU
WKH\HDU
-DQXDU\
-DQWR'HF
1RRI6KDUHV RIWRWDOVKDUHVRI 1RRI6KDUHV RIWRWDOVKDUHVRI
WKHFRPSDQ\
WKHFRPSDQ\
None of the Directors hold shares in the Company
Corporate Overview
1DPHRIWKH
.H\0DQDJHULDO3HUVRQQHO
Cumulative Shareholding during

WKH\HDU
-DQWR'HF
6KDUHKROGLQJDWWKHEHJLQQLQJRI
WKH\HDU
-DQXDU\
1RRI6KDUHV
RIWRWDOVKDUHVRI 1RRI6KDUHV
WKHFRPSDQ\
RIWRWDO6KDUHVRI
WKHFRPSDQ\
0U6XQLO.1D\DN
&KLHI)LQDQFLDO2IoFHU
05
0.00
05
0.00
05
0.00
05
0.00
200
0.00
200
0.00
200
0.00
200
0.00
0U%XUMRU'1DULPDQ
&RPSDQ\6HFUHWDU\ +HDG&RPSOLDQFH
9,QGHEWHGQHVV
,QGHEWHGQHVVRIWKH&RPSDQ\LQFOXGLQJLQWHUHVWRXWVWDQGLQJDFFUXHGEXWQRWGXHIRUSD\PHQW
Secured Loans
H[FOXGLQJ
deposits
Unsecured
Loans
Deposits
Total
Indebtedness
` Crore
,QGHEWHGQHVVDWWKHEHJLQQLQJRIWKHoQDQFLDO\HDU
i)
Principal Amount
0.02
0.02
ii)
Interest due but not paid
iii)
Interest accrued but not due
0.02
0.02
Addition
37.94
37.94
Reduction
Net Change
7RWDOLLLLLL
&KDQJHLQ,QGHEWHGQHVVGXULQJWKHoQDQFLDO\HDU
,QGHEWHGQHVVDWWKHHQGRIWKH)LQDQFLDO\HDU
i)
Principal Amount
35.50
0.02
35.52
ii)
Interest due but not paid
iii)
Interest accrued but not due
2.44
2.44
37.94
0.02
37.96
7RWDOLLLLLL
69
ACC Limited
9, 5HPXQHUDWLRQRI'LUHFWRUVDQG.H\0DQDJHULDO3HUVRQQHO
A.
Remuneration to Managing Director, Whole-time Director and/or Manager
Sr. 3DUWLFXODUVRI5HPXQHUDWLRQ
No.
1
Mr Harish Badami
Total Amount
ÒDNKV
Gross Salary
(a) Salary as per provisions contained in Section 17(1) of the
,QFRPH7D[$FW
529.96
529.96
0.40
0.40
F3URoWVLQOLHXRIVDODU\XQGHU6HFWLRQ,QFRPH7D[$FW
Nil
Nil
Stock Options
Nil
Nil
Sweat Equity
Nil
Nil
Commission
Nil
Nil
Others
E9DOXHRISHUTXLVLWHVXQGHU6HFWLRQ,QFRPH7D[$FW
Deferred bonus (to be decided by the Board of Directors at a later date)
ii Retirals
TOTAL
39.19
39.19
569.55
569.55
Ceiling as per Companies Act, 2013
B. Remuneration to Other Directors

1. Independent Directors
1DPHRI'LUHFWRU
3DUWLFXODUVRI5HPXQHUDWLRQ
Mr.
Mr.
Sekhsaria Haribhakti
Fee for attending Board /

Committee Meetings
Commission
Mr.
Roongta
Mr. Dani
Mr.
Mr. Gandhi 0V1D\DU
Kavarana
Total
Amount
ÒDNKV
4.50
6.40
5.30
6.00
7.70
6.30
3.90
40.10
37.00
28.00
28.00
28.00
28.00
34.00
16.00
199.00
41.50
34.40
33.30
34.00
35.70
40.30
19.90
239.10
Others, Please specify

6XE7RWDO%
2WKHU1RQ([HFXWLYH'LUHFWRUV
3DUWLFXODUVRI5HPXQHUDWLRQ
1DPHRI'LUHFWRU
Mr. Terver Mr. Sharma
Fee for attending Board /

Committee Meetings
Commission
Mr Eric
Olsen
0U&KULVWRI
Hassig
Mr. Bernard
Mr. Aidan
Fontana /\QDP
retired during retired during
WKH\HDU
WKH\HDU
Total
Amount
ÒDNKV
8.30
2.50
1.00
0.50
1.50
1.00
14.80
28.00
16.00
7.32
1.01
8.68
8.50
69.51
36.30
18.50
8.32
1.51
10.18
9.50
Others, Please specify

6XE7RWDO%
7RWDO% %%
84.31
323.41
1RWH&RPPLVVLRQUHODWHVWRWKHoQDQFLDO\HDUHQGHG'HFHPEHU7KLVZLOOEHSDLGDIWHUWKH$QQXDO*HQHUDO
Meeting to be held on April 13, 2016.
70
Corporate Overview
&5HPXQHUDWLRQWR.H\0DQDJHULDO3HUVRQQHORWKHUWKDQ0'0DQDJHU:7'
Sr. 3DUWLFXODURI5HPXQHUDWLRQ
No.
.H\0DQDJHULDO3HUVRQQHO
0U6XQLO.1D\DN 0U%XUMRU'1DULPDQ Total
&KLHI)LQDQFLDO &RPSDQ\6HFUHWDU\ Amount
` Lakh
Head Compliance
2IoFHU
Gross Salary
(a) Salary as per provisions contained in Section 17(1) of the
,QFRPH7D[$FW
233.28
119.07
352.35
E9DOXHRISHUTXLVLWHVXQGHU6HFWLRQ,QFRPH7D[$FW
Nil
Nil
Nil
F3URoWVLQOLHXRIVDODU\XQGHU6HFWLRQ,QFRPH7D[$FW
Nil
Nil
Nil
Stock Options
Nil
Nil
Nil
Sweat Equity
Nil
Nil
Nil
Commission
Nil
Nil
Nil
Others, please specify - Retirals

7RWDO&
17.52
5.67
23.19
250.80
124.74
375.54
9,,3HQDOWLHV3XQLVKPHQWV&RPSRXQGLQJRI2IIHQFHV
There were no penalties / punishments / compounding of offences for the year ended December 31, 2015.
N S Sekhsaria
Chairman
Mumbai
February 10, 2016
71
ACC Limited
ANNEXURE G TO BOARDS REPORT
,1)250$7,2138568$17726(&7,215($':,7+58/(2)7+(&203$1,(6
$332,170(17$1'5(081(5$7,212)0$1$*(5,$/3(56211(/58/(6
5DWLRRI5HPXQHUDWLRQRI1RQ([HFXWLYH'LUHFWRUVWRWKHPHGLDQUHPXQHUDWLRQRIWKHHPSOR\HHVRIWKH&RPSDQ\
for the year 2015.
1RQ([HFXWLYH
and Independent
Directors
&KDQJH
Ratio to median
Remuneration
2015
2014
Mr. N. S. Sekhsaria
37.00
37.00
NIL
Mr. Bernard Terver
28.00
28.00
NIL
Mr. Eric Olsen appointed w.e.f.

17.07.2015
7.32
0.00
Mr. Shailesh
Haribhakti
28.00
28.00
NIL
Mr. Sushil Kumar

Roongta
28.00
28.00
NIL
Mr. Ashwin Dani
28.00
28.00
NIL
Mr. F. K. Kavarana
28.00
30.50
-8%
0U9LMD\.XPDU
Sharma
16.00
14.42
11%
Mr Arunkumar
Gandhi
34.00
22.22
53%
Mrs Falguni Nayar
16.00
11.05
45%
Mr Christof Hassig
- appointed w.e.f.
09.12.2015
1.01
0.00
Mr. Bernard
Fontana - resigned
as a Director w.e.f.
17.07.2015
8.68
16.00
Mr. Aidan Lynam resigned as Director

w.e.f. 14.07.2015
8.50
16.00
* for part of the Year
72
Remuneration in
`/DNK
Corporate Overview
2.
Ratio of remuneration of Key Managerial Personnel (KMP) against the performance of the company:
Whole- time
Directors &
KMP
Remuneration in
`LQ/DNKV
Ratio to median &KDQJH

Remuneration
% Increase
LQ&7&RI
(PSOR\HHV
Revenue
1HW3URoW
5DWLRRI
Remuneration to
2015
2014
Harish Badami
CEO & MD
569.55#
310.92
137
83*
9%
0.050
0.968
Sunil Nayak
Chief Financial
2IoFHU
250.80
202.82
60
24*
10%
0.022
0.425
%XUMDU1DULPDQ
Company
Secretary
& Head
Compliance
124.73
122.04
30
2*
7%
0.011
0.212
# Remuneration paid in to 2015 is not comparable to the remuneration paid in 2014 since CEO & MD was appointed with effect
from August 2014.
* Generally CEO&MD and other Key Managerial Personnel are eligible for annual bonus. However, the Company has decided to
SD\VL[PRQWKO\ERQXVLQWKH\HDUZKLFKLVLQGLFDWHGLQWKHSHUFHQWDJHLQFUHDVHLQWKHUHPXQHUDWLRQFROXPQ
3.
The number of permanent employees on the rolls of th Company were 8,368.
4.
Median Remuneration of both the employees and the Key Managerial Personnel has increased by 10.5% in 2015
as compared to 2014.
5.
The ratio of the remuneration of the highest paid Director to that employees who are not Directors but receive
UHPXQHUDWLRQLQH[FHVVRIWKHKLJKHVWSDLG'LUHFWRUVGXULQJWKH\HDU1RWDSSOLFDEOH
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Remuneration policy of the Company.
7KHH[SODQDWLRQRQWKHUHODWLRQVKLSEHWZHHQDYHUDJHLQFUHDVHLQUHPXQHUDWLRQDQG&RPSDQ\SHUIRUPDQFHLV7KH
PHGLDQUHPXQHUDWLRQLQFUHDVHGE\LQZKHUHDVWKH3URoWDIWHU7D[GHFUHDVHGE\7KHFRPSHQVDWLRQ
structure is benchmarked from time to time and salary increase during the year are alligned to market forces.
5HDVRQVIRUGHFUHDVHLQSURoWVKDYHEHHQH[SODLQHGLQ%RDUG
V5HSRUW
8.
Market Capitalization & Price Earnings Ratio details are as under:

As on
December 31, 2015
As on
December 31, 2014
Increase/
'HFUHDVH
Price Earnings Ratio
43.07
22.56
90.91
Market Capitalization (` in crore)
25,546
26,287
(2.82)
The Company has not made any public issue of shares.
73
ACC Limited
CORPORATE GOVERNANCE
The Directors present the Companys Report on Corporate
Governance for the year ended December 31, 2015.
COMPANYS PHILOSOPHY ON CORPORATE GOVERNANCE
The Governance Philosophy of your Company is founded on
a bedrock of ethical values and professionalism which over
the past 80 years of the Companys existence has become
a part of its culture and DNA. Integrity, transparency,
fairness, accountability and compliance with the law are
embedded in the Companys robust business practices
to ensure ethical and responsible leadership both at the
Board and at the Management level. The Companys Code
of Business Conduct, its EthicalView Reporting Policy
and its well structured internal control systems which
are subjected to regular review for their effectiveness,
reinforces accountability and integrity of reporting
and ensures transparency and fairness in dealing with
the Companys stakeholders. The Companys focus on
sustainable development, its customer centric approach
to creating value for the customers by ensuring product
quality and innovative service offerings coupled with
its outreach to the communities it impacts through CSR
activities and programmes has enabled your Company
to earn the trust and goodwill of its investors, business
partners, employees and other Stakeholders.
A Report on compliance with the principles of Corporate
Governance as prescribed by The Securities and Exchange
Board of India (SEBI) in Chapter IV read with Schedule V
of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (hereinafter referred to as SEBI
Regulations) is given below:
and accountability in the Companys dealing with its

Members and other stakeholders and the utilization of
resources for creating sustainable growth and societal
wealth. The Board operates within the framework of a well
GHoQHGUHVSRQVLELOLW\PDWUL[ZKLFKHQDEOHVLWWRGLVFKDUJH
LWV oGXFLDU\ GXWLHV RI VDIHJXDUGLQJ WKH LQWHUHVWV RI WKH
Company. The Boards composition and size is robust and
enables it to deal competently with emerging business
issues and exercise independent judgement. The majority
of the Directors on the Board including the Chairman are
Independent Directors who have considerable expertise
DQGH[SHULHQFHLQWKHLUUHVSHFWLYHoHOGV
Committee of Directors - Recognizing the immense
contribution that committees make in assisting the Board
of Directors in discharging its duties and responsibilities
and with a view to have a close focus on various facets
of the business, the Board has constituted the following
Committees viz. Audit Committee, Stakeholders
Relationship Committee, Nomination & Remuneration
Committee, Risk Management Committee, Corporate
Social Responsibility (CSR) Committee which are
mandatory Committees and the Compliance Committee
and Capex Committee which are non-mandatory.
Management Structure - Management Structure for the
day-to-day business operations and management of
the Company is in place with appropriate delegation of
powers and responsibilities. This broadly is as under:
v
&KLHI ([HFXWLYH 2IoFHU 0DQDJLQJ 'LUHFWRU The

&KLHI ([HFXWLYH 2IoFHU DQG 0DQDJLQJ 'LUHFWRU
(CEO&MD) is in overall operational control and
responsible for the day-to-day working of the
Company. He gives strategic directions, lays down
policy guidelines and ensures implementation of the
decisions of the Board of Directors and its various
committees.
Executive Committee (ExCo) - This Committee

FRPSULVHV WKH &KLHI ([HFXWLYH 2IoFHU 0DQDJLQJ
'LUHFWRU&KLHI)LQDQFLDO2IoFHU&KLHI0DQXIDFWXULQJ
2IoFHU&KLHI0DUNHWLQJ2IoFHU&KLHI3HRSOH2IoFHU
&KLHI &RUSRUDWH 6HUYLFHV 2IoFHU DQG &KLHI &HQWUDO
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the framework of the strategic policies laid down
by the Board and is responsible and accountable
for overall business deliverables. The Committee
provides a platform for the ExCo Members to meet
on a regular basis to review monthly performance
against set targets, discuss and decide on cross
GOVERNANCE STRUCTURE
ACCs Governance structure comprises the Board of
Directors and the Committees of the Board at the apex
level and the Management structure at the operational
level. This structure brings about a judicious blend in
governance as the Board sets out the overall corporate
objectives and provides direction and independence to
the Management to achieve these corporate objectives
within a given framework. This brings about a conducive
environment for value creation through sustainable
SURoWDEOHJURZWK
Board of Directors - The Board of Directors and its
Committees play a fundamental role in upholding and
nurturing the principles of good governance which
translates into ethical business practices, transparency
74
Corporate Overview
functional operational matter, address various

business challenges and monitor implementation of
decisions taken.
Organization Structure, Roles and Responsibilities
During the year, after reviewing its organizational
capabilities, systems and processes, the region based
organization structure was replaced by a function based
structure. This has resulted in leveraging functional
expertise in driving business objectives and become ready
to address various operational and business challenges
in a more proactive manner thereby enhancing customer
value. The new function based structure is broadly
divided into verticals viz. Sales & Marketing, Corporate
Services, Manufacturing, Human Resource, Finance and
Procurement. Each of these verticals operate under the
overall supervision of the respective function head who is
an ExCo Member.
The Cement Plants and Marketing Units are grouped
into four region-wise clusters viz. North, South, West &
Central and East. The Regional Director Sales, the Regional
Director Finance and the Regional HR Head have a direct
reporting line to the respective Vertical Head who is an
ExCo Member.
The manufacturing vertical has a Manufacturing
Cluster Head in each Region who reports to the Chief
0DQXIDFWXULQJ 2IoFHU 7KH 0DQXIDFWXULQJ &OXVWHU +HDG
are in overall charge of all the Plants which are part of the
cluster under their control. They are, interalia, accountable
for ensuring continuous improvement in the operations
and maintenance performance of the Plants, adoption
of best practices, productivity improvement, capability
building of employees, coordination of demand / supply as
per market requirements and to support sales and logistics
team in the despatch of cement from the respective Units.
The Director Plant of manufacturing units is responsible
for the day-to-day operations and maintenance of the
Plant and all related functions including addressing local
issues and compliances as applicable at plant level. The
Director Plant reports to the respective Manufacturing
Cluster Heads in the Region.
The plant, marketing, logistics and administrative
related procurement activities are managed by an India
3URFXUHPHQW 2UJDQL]DWLRQ DQG H[HFXWHG IURP oYH
3URFXUHPHQW&OXVWHU2IoFHV
Taking into consideration that the Jamul and Sindri
Projects are at an advanced stage of completion, a
Projects Cluster has been set up for a closer monitoring
of the Projects. The Projects Cluster Head reports to the
CEO&MD. The other functions like Health and Safety
(H&S), Secretarial & Compliance, Legal and common
functions such as Techport and Geocycle India also report
to the CEO&MD.
&(2 0'
ExCo
6DOHV
Marketing
ICI Business
Logistics
Concrete
Business
Corp .
Services
Manufacturing
Human
Resource
Finance
Procurement
Cluster Heads
Legal
Director Plants
6HFUHWDULDO
Compliance
Techport
Geocycle
+ 6
Internal Audit function reports to the Chairman of the Audit Committee

75
ACC Limited
BOARD OF DIRECTORS
Composition of the Board as on December 31, 2015
Category
No of Directors
Non-Executive
&
Independent
Directors including a Woman Director
Other Non-Executive Directors
Executive Director
(CEO & Managing Director)
Total
12
The Chairman of the Board of Directors is a Non-Executive

and an Independent Director. The composition of the Board
of Directors is in conformity with the SEBI Regulations.
'LUHFWRUV
3URoOH
The Board of Directors comprises highly renowned
SURIHVVLRQDOVGUDZQIURPGLYHUVHoHOGV7KH\FROOHFWLYHO\
bring with them a range of skills and experience to the
Board, which enhances the quality of the Boards decision
making process.
0U 1 6 6HNKVDULD 'LUHFWRU ,GHQWLoFDWLRQ 1XPEHU
(DIN: 00276351) Mr Sekhsaria is the Chairman of the Board
of Directors and a Non-Executive and an Independent
Director.
Mr Sekhsaria is a doyen of the Indian Cement Industry
and one of the most respected business personalities
in India. He introduced new standards in management,
PDUNHWLQJ HIoFLHQF\ DQG FRUSRUDWH VRFLDO UHVSRQVLELOLW\
to an industry he helped transform.
$oUVWJHQHUDWLRQLQGXVWULDOLVW0U6HNKVDULDREWDLQHGKLV
Bachelor degree in Chemical Engineering with honours
and distinction from the University of Bombay. He is the
Principal Founder-Promoter and current Chairman of
Ambuja Cements Limited. Mr Sekhsaria was invited to
join the ACC Board in 1999 and was appointed Deputy
Chairman in January, 2000. In 2006, Mr Sekhsaria took
over as Chairman of the Board.
Mr Sekhsaria built Ambuja Cements Limited into a
benchmark for Indian Cement Industry. His acumen as
an entrepreneur and technocrat turned that Company
LQWR WKH PRVW HIoFLHQW DQG SURoWDEOH FHPHQW FRPSDQ\
LQ ,QGLD DQG UHGHoQHG LQGXVWU\ SUDFWLFHV E\ FKDQJLQJ
the perception of cement from a commodity to a
branded product. Mr Sekhsaria championed community
development by establishing the Ambuja Cement
76
Foundation and guiding it into a model of excellence in

social responsibility.
With his considerable wealth of experience, Mr Sekhsaria
brings immense value to the Board of ACC. Under his
OHDGHUVKLS $&& KDV DFKLHYHG VLJQLoFDQW LPSURYHPHQWV
in the areas of project management, logistics and overall
cost-competitiveness. The impact of this guidance is
visible in the high growth trajectory ACC has experienced
since 1999.
Mr Sekhsaria is a Member on the Nomination &
Remuneration Committee of the Board.
Mr Bernard Terver - (DIN: 06771125) Mr Terver is the
Deputy Chairman of the Board of Directors and is a
Non-Executive and Non-Independent Director. Mr Terver
graduated from Ecole Polytechnique, Paris, in 1976. He has
DZRUNH[SHULHQFHRIRYHUWKLUW\oYH\HDUVLQWKHFHPHQW
business and has been in the services of Holcim Limited
since 1994, where he held various senior positions. In
addition to his rich operational experience in cement and
aggregates business, Mr Terver also has a strong track
UHFRUGLQoQDQFLDOSHUIRUPDQFHDQG2FFXSDWLRQDO+HDOWK
& Safety. Presently, he is responsible for overseeing the
operations of LafargeHolcim group companies in India.
Mr Terver is Chairman of the Stakeholders Relationship
Committee and Capex Committee and a Member on
the Audit Committee, Nomination & Remuneration
Committee, Risk Management Committee, Corporate
Social Responsibility Committee and the Compliance
Committee of the Board. (Mr Terver has resigned from the
Board of Directors with effect from February 11, 2016.)
Mr Harish Badami - (DIN: 02298385) Mr Badami is the
&KLHI ([HFXWLYH 2IoFHU 0DQDJLQJ 'LUHFWRU &(2 0'
of the Company. Mr Badami is a B.Tech from IIT Bombay
DQG DQ 0%$ IURP ,,0 &DOFXWWD +H KDV RYHU WZHQW\oYH
years experience in the Chemical Industry with leading
multinational companies viz. ICI, Rohm and Haas India,
Dow Chemical India and Celanese Chemicals India Private
Limited. Mr Badami was the President and Managing
Director of Dow Chemical India during the period 20092011 and was the Managing Director of Celanese
Chemicals India Private Limited prior to his joining ACC.
In these roles, Mr Badami was responsible for developing
integrated strategies for the local subsidiaries including
implementation of robust business plans, building
organizational capability and manufacturing footprint.
Mr Badami has been conferred with the Distinguished
Alumnus Award by IIT Bombay, his alma mater.
Corporate Overview
Mr Badami is a Member of the Stakeholders Relationship

Committee, CSR Committee, Risk Management
Committee, Capex Committee and Compliance
Committee of the Board. As CEO&MD of ACC, Mr Badami
is in overall control and responsible for the day-to-day
working of the Company.
Mr Eric Olsen - (DIN: 07238383) Mr Olsen was
appointed w.e.f. July 17, 2015 as a Non-Executive and
Non-Independent Director. He is a business graduate
IURP WKH 8QLYHUVLW\ RI &RORUDGR &HUWLoHG 3XEOLF
Accountant (Chicago, USA), and holds a Master of
Business Administration from HEC International Business
School in Paris.
6LQFH -XO\ 0U 2OVHQ LV WKH &KLHI ([HFXWLYH 2IoFHU
of LafargeHolcim Ltd. He was formerly Executive Vice
President Operations of Lafarge and a member of its
Executive Committee.
Prior to joining Lafarge Limited, Mr Olsen started his
FDUHHULQWKHoHOGRI0 $DW'HORLWWH 7RXFKH%DQTXH
Paribas and was a partner of Trinity Associates.
He is also a Board Member of Cimpress N.V.
Mr Olsen is a Member on the Nomination & Remuneration
Committee.
Mr Shailesh Haribhakti - (DIN: 00007347) Mr Haribhakti
is a Non-Executive and Independent Director. He is a
&KDUWHUHG &RVW$FFRXQWDQWDFHUWLoHG,QWHUQDO$XGLWRU
Financial Planner and Fraud Examiner.
Mr Haribhakti is a deeply engaged Independent Director.
His strong belief is that good governance is a sustainable
competitive advantage creator. Evolving from a
background in Audit, Tax and Consulting, he now seeks to
create enduring value for Companies and Organizations
he is involved with. He is a strong supporter of a clean
and green environment and is pioneering the concept of
innovating to zero in the social context. He is currently
Chairman of the National Pension Scheme Trust of India,
serves on Boards of multinational and Indian Companies,
C1RWIRU3URoW2UJDQL]DWLRQV
DQGLVD0HPEHURIVHYHUDO
Advisory Boards. He is a Managing Partner of Haribhakti &
Co. LLP, Chartered Accountants.
Mr Haribhakti is the Chairman of the Risk Management
Committee and CSR Committee. He is a Member on the
Nomination & Remuneration Committee, Stakeholders
Relationship Committee and Compliance Committee.
Mr S K Roongta - (DIN: 00309302) Mr Roongta is a

Non-Executive and Independent Director. He holds a
degree in Bachelor of Engineering from Birla Institute of
Technology & Science (BITS), Pilani and a Post Graduate
Diploma in Business Management International Trade
from the Indian Institute of Foreign Trade (IIFT), New
Delhi. He is a Fellow of All India Management Association
(AIMA).
Mr Roongta has a wide and varied experience in public
sector undertakings. He is Non-Executive Chairman
of Bharat Aluminium Company Limited (BALCO) and
Talwandi Sabo Power Limited (TSPL). Earlier, during his
tenure as Chairman of SAIL from August 2006 to May
2010, the ranking of SAIL among World Class Steel Makers
moved up to the second position from the seventeenth
position, as per World Steel Dynamics, USA.
Mr Roongta headed a Panel of Experts on the Reforms
in the Central PSEs, constituted by the Planning
Commission. He has also been a Member of the Committee
formed by the Ministry of Corporate Affairs, to formulate
Policy Document on Corporate Governance.
He is associated with several academic institutions, and has
been the Chairman, Board of Governors, IIT Bhubaneswar
(2012-2015) and is a member of Board of Management,
J.K. Lakshmipat University. He is also associated with
apex chambers, being member of Steering Committee of
Federation of Indian Chambers of Commerce and Industry
(FICCI) and is the Chairman of its Metal Committee. He
also chairs the National Expert Committee on Minerals &
Metals of Indian Chambers of Commerce (ICC).
Mr Roongta is a recipient of several awards and accolades
including SCOPE Award for excellence and outstanding
contribution to the Public Sector Management - Individual
Category.
Mr Roongta is a Member on the Audit Committee of the
Board.
Mr Ashwin Dani - (DIN: 00009126) Mr Dani is a
Non-Executive and Independent Director. He holds a BSc
(Hons) degree from the Institute of Science, University
of Mumbai. He completed B.Sc. (Tech) - Paints, Pigments
and Varnishes from U.D.C.T. (now known as Institute of
Chemical Technology (ICT), University of Mumbai. He
holds a Masters Degree in Polymer Science (USA) and a
Diploma in Colour Science (USA).
Mr Dani started his career in 1967, as a Development
Chemist with Inmont Corp. (now known as BASF),
77
ACC Limited
Detroit, USA, a major supplier of automotive OEM and

UHoQLVKHV +H MRLQHG $VLDQ 3DLQWV /WG LQ DV 6HQLRU
Executive and moved through successive senior positions
like Director - R&D, Works Director, Whole-time Director
and as Vice Chairman and Managing Director from
December 1998 to March 2009. Currently, he is the
Non-Executive Vice Chairman of Asian Paints Limited.
Mr Dani is the past President of the Indian Paint
Association (IPA) and has received a number of awards for
his contributions to the Paint Industry. He was the Vice
President of Federation of Indian Chambers of Commerce
and Industry (FICCI). He was a member of the Central
Board of Trustees - Employees Provident Fund of the
Government of India and was also the President of the
Board of Governors of the UDCT (presently ICT) Alumni
Association, Mumbai. Currently, he is a Member on the
Board of Management of ICT Mumbai.
Mr Dani has a good knowledge of supply chain
management.
Mr Dani is the Chairman of the Nomination &
Remuneration Committee and is a Member of the Audit
Committee of the Board.
Mr Farrokh Kavarana - (DIN: 00027689) Mr Kavarana is
a Non-Executive and Independent Director. Mr Kavarana
holds a B.Com. (Hons.) degree of the University of Bombay
and an MBA from the Wharton School, University of
Pennsylvania. He is a Fellow of the Institute of Chartered
Accountants in England & Wales and a Member of the
Institute of Chartered Accountants of India. Mr Kavarana
retired in 2014 as a Director of Tata Sons Limited and
Tata Industries Limited, the apex holding companies of
the Tata Group, after a career spanning four decades. He
was also Chairman of several Tata Companies in India and
abroad - Tata AIG General Insurance Company Ltd., Tata
AIA Life Insurance Company Ltd., Tata Projects Limited,
Trent Limited. He has also held senior executive positions
within the Tata Group such as Executive Chairman of Tata
Asset Management Ltd from 2005 to 2009 and of Tata
Infotech Ltd. from 2000 to 2005; Executive Director of
Tata Motors Limited from 1994 to 2000. Prior to that from
1975 to 1994, he was Vice Chairman & Managing Director
of Tata International AG, Switzerland and Tata Ltd.,
U.K., responsible for Tata Sons overseas operations and
investments. From 1970 to 1974, he was with McKinsey
& Co. Inc. in London and Washington D.C.
He is involved with several social and charitable
institutions and is Chairman - Lady Tata Memorial
78
Trust, Trustee - Nani Palkhivala Memorial Trust and the

National Centre for the Performing Arts. He was a founder
Trustee of Childline India Foundation from 1999 to 2014.
He is a recipient of the Dadabhai Naoroji International
Millennium Award 2005 and the Wharton India Alumni
Award 2009.
He is a Member of the Audit Committee, Nomination
& Remuneration Committee and the Corporate Social
Responsibility Committee of the Board. He is the Chairman
of the Compliance Committee of the Board.
Mr Vijay Kumar Sharma - (DIN: 02449088) Mr Sharma
is a Non-Executive and Non-Independent Director. He
holds a Masters Degree in Science. He took charge as
Managing Director, Life Insurance Corporation of India on
November 1, 2013. Prior to his taking over as Managing
Director, LIC of India, he was the Managing Director & Chief
([HFXWLYH2IoFHU/,&+RXVLQJ)LQDQFH/LPLWHG/,&+)/D
SUHPLHUKRXVLQJoQDQFHSURYLGHULQWKHFRXQWU\ZLWKORDQ
portfolio exceeding ` 83,000 crore.
0U 6KDUPD MRLQHG /,& DV 'LUHFW 5HFUXLW 2IoFHU LQ
and has grown with the Company since then. During his
stint as Senior Divisional Manager, Karnal, a rural division,
had catapulated to Number One position in the country
in premium income ahead of all other metro centres.
As Executive Director of Pension & Group Schemes, he
pioneered the launch of various prestigious pension
schemes in the country. As Zonal Manager in-charge
of Southern Zone, he successfully turned around its
operations and put it on growth trajectory, making it the
No. 1 zone in 2010.
0U6KDUPD
VIRFXVHGOHDGHUVKLSSURoFLHQWLQLQYLJRUDWLQJ
staff performance, re-organizing teams and developing
talent, LICHFL maintained its growth momentum despite
volatile markets and adverse macro-economic conditions.
During his tenure, LICHFL was adjudged as Best Housing
Finance Company 2011 by CNBC-TV18.
His key areas of expertise have been Business Strategy,
Business Development, Processes and Systems, Leadership
Development, Branding and Product Development,
and Risk Mitigation and Compliance. A strategic leader,
recognized for making sweeping improvements to
HIoFLHQF\ SURGXFW GHYHORSPHQW PDUNHWLQJ DQG
identifying areas of opportunity, he is acclaimed as a
Crisis Manager for stabilizing operations and leading
turnaround growth strategies in uniquely challenging
situations.
Corporate Overview
He has been an inspirational leader who utilizes

negotiation skills gained over thirty four years of extensive
H[SHULHQFHLQLQVXUDQFHDQGoQDQFLDOVHFWRUVDQGVWURQJO\
connects to the grass root levels, believes in bottom-up
approach and has the ability to see the Big Picture and
translate to reality.
Mr Arunkumar Gandhi - (DIN: 00007597) Mr Gandhi is a
Non-Executive and Independent Director. He is a Fellow
Member of the Institute of Chartered Accountants in
England & Wales, a Fellow Member of the Institute of
Chartered Accountants of India and an Associate Member
of the Chartered Institute of Taxation, London.
He was with N. M. Raiji & Co., Chartered Accountants, as
a partner from 1969 and in 1993 became a Senior Partner
upto July 2003. As partner, Mr Gandhi audited several
public sector and private sector entities. He is an expert on
share valuation and corporate restructuring (i.e. mergers /
demergers etc.).
He was the Executive Director of Tata Sons Ltd. from
August 2003 till August 2008 and was thereafter
appointed Director of Tata Sons Ltd., on whose Board he
served upto March 2013. Currently, he is an Advisor to
the Tata Group.
Mr Gandhi has been assisting the Tata Group in acquiring
diverse assets and companies across the globe. This
has enabled the Tata Group to acquire critical assets,
resources and access to world class R&D facilities. In these
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GXH GLOLJHQFH FRXQWHUSDUW\ QHJRWLDWLRQV oQDQFLQJ DQG
merger control.
Over the last 20 years, Mr Gandhi served on the Board of
Directors of various Indian and foreign companies.
Mr Gandhi is the Chairman of the Audit Committee of the
Board.
Ms Falguni Nayar - (DIN: 00003633) Ms Nayar is a
Non-Executive and Independent Director. Ms Falguni
Nayar is a Graduate from Sydenham College of Commerce
& Economics and Post Graduate from Indian Institute of
Management, Ahmedabad.
Ms Nayar has a rich experience of over two and half decades.
She started her career as a Manager and Consultant at
A F Ferguson & Company. In 1993, she joined Kotak
Mahindra Group to lead the M&A and Project Advisory
Initiatives. She has held senior positions in various
capacities and was the Managing Director and Chief

([HFXWLYH2IoFHURI.RWDN,QYHVWPHQW%DQNIURPWR
0V1D\DULVWKHIRXQGHUDQG&KLHI([HFXWLYH2IoFHU
of Nykaa, which is an on-line shopping website.
Ms Nayar was recognized as Top Woman in Business by
Business Today in 2009 and 2011. She has also received
FICCI Ladies Organization Award for Top Woman Achiever
LQWKHoHOGRIEDQNLQJLQ
Ms Nayar is a Member on the CSR Committee and Risk
Management Committee of the Board.
Mr Christof Hassig - (DIN: 01680305) Mr Hassig was
appointed w.e.f. 09.12.2015 as a Non-Executive and
Non-Independent Director. He holds a Masters degree in
Banking and has completed the Advanced Management
Programme at Harvard Business School in 2006.
Mr Hassig heads the Corporate Strategy and Mergers &
Acquisitions function in LafargeHolcim Ltd. reporting
GLUHFWO\WRWKH&KLHI([HFXWLYH2IoFHU
In the former Holcim Limited, he was reporting directly
WRWKH&KLHI)LQDQFLDO2IoFHUZLWKPDQ\GLUHFWOLQNVWRDOO
RWKHU([HFXWLYH'LUHFWRUVLQFOXGLQJ&KLHI([HFXWLYH2IoFHU
)RUWKHSDVWoIWHHQ\HDUVKHEXLOWDQGOHGWKHGHSDUWPHQW
Corporate Financing & Treasury. This function spanned
across all the geographic regions and included a matrix
RUJDQL]DWLRQZLWKWKHoQDQFHGHSDUWPHQWRIWKHRSHUDWLQJ
companies in the various countries. In December 2012, he
took over additional responsibilities as head of the newly
created Mergers & Acquisitions function on a Group level.
In March 2013, the Group Insurance Department was
moved and integrated into Corporate Finance & Treasury
Department.
Before joining Holcim Limited in 1999, Christof Hassig
ZRUNHG IRU WZHQW\oYH \HDUV DW 8%6 LQ PDQ\ GLIIHUHQW
functions, including global relationship manager and
investment banker for multinational corporates in
Switzerland and abroad.
Directors who resigned during the year
Mr Bernard Fontana - (DIN: 05178749) Mr Fontana who
ZDVWKH&KLHI([HFXWLYH2IoFHURI+ROFLP/LPLWHGUHVLJQHG
from the Board of Directors w.e.f. 17.07.2015, consequent
upon his ceasing to be the CEO of former Holcim Limited.
Mr Fontana holds a degree in Engineering from the Ecole
Polytechnique and the Ecole Nationale Superieure des
Techniques Avancees in Paris. He started his career with
79
ACC Limited
Groupe SNPE in France and in 1998, he was appointed

Head - US Operations. From 2001 to 2004, Mr Fontana
was a Member of the Executive Committee of the said
Company. Mr Fontana thereafter joined ArcelorMittal
where he was given the responsibility for HR, IT and
business development at Flat Carbon Division. He was
also a Member of the Management Committee with
responsibility for the Automotive Worldwide Business
Unit. He was subsequently made responsible for HR
and the global alliance with Nippon Steel. In 2010, Mr
)RQWDQD WRRN RYHU DV &KLHI ([HFXWLYH 2IoFHU RI $SHUDP
a Luxembourg-domiciled listed corporate group that was
spun off from ArcelorMittal.
Directors of the Company with effect from July 14, 2015

consequent upon his resignation from Holcim Limited.
Mr Aidan Lynam - (DIN: 03058208) Mr Lynam who was in

the services of Holcim Limited resigned from the Board of
None of the Directors of the Company and Key Managerial

Personnel are inter se related.
Mr Lynam holds a degree in Engineering from the

University College of Dublin and an MBA from IMD,
Lausanne, Switzerland. In addition to the above, Mr
Lynam is a Member of the Institute of Engineers in Ireland
(M.I.E.I), Chartered Member of the British Institute of
Manufacturing Engineers (C.Eng M.I.E.E.).
During his tenure as a Director of the Company, Mr Lynam
was a Member of the Risk Management Committee and
Capex Committee of the Board.
Directorships and Membership on Committees:

The total number of Directorships held by the Directors and the position of Membership / Chairmanship on Committees
is given below. All the Directors are compliant with the provisions of the Companies Act, 2013 (hereinafter referred to as
the Act) and SEBI Regulations in this regard.
Date of
Appointment
*Number of Directorship(s) held in Indian

public limited companies
(including ACC)
**Committee(s) position
(including ACC)
Member
Chairman
Mr N S Sekhsaria
27.12.1999
Mr Bernard Terver
04.12.2013
Mr Harish Badami
13.08.2014
Mr Eric Olsen
17.07.2015
17.02.2006
03.02.2011
Mr Ashwin Dani
15.12.2011
Mr Farrokh Kavarana
03.05.2013
06.02.2014
Mr Arunkumar Gandhi
24.04.2014
Ms Falguni Nayar
24.04.2014
Mr Christof Hassig
09.12.2015
#Mr Bernard Fontana
28.03.2012
22.04.2010
(resigned as Director w.e.f. 17.07.2015)
#Mr Aidan Lynam

* excludes Directorships held in Private Limited Companies, Foreign Companies and Section 8 Companies;
** committees considered are Audit Committee & Stakeholders Relationship Committee including that of ACC.
Committee Membership(s) & Chairmanships are counted separately.
# information as available on the date of cessation.
80
Corporate Overview
Board Diversity
Your Company has over the years been fortunate to
KDYH HPLQHQW SHUVRQV IURP GLYHUVH oHOGV DV 'LUHFWRUV
on its Board.
Pursuant to SEBI Regulations, the Nomination &
Remuneration Committee has formalized a policy
on Board Diversity to ensure diversity of experience,
knowledge, perspective, background, gender, age and
culture. The policy is posted on the Companys website
and can be accessed on web link http://www.acclimited.
com/newsite/pdf/Policyondiversityoftheboard.pdf
INDEPENDENT DIRECTORS
Independent Directors play an important role in the
governance processes of the Board. They bring to bear their
expertise and experience on the deliberations of the Board.
This enriches the decision making process at the Board
with different points of view and experiences and prevents
FRQpLFWRILQWHUHVWLQWKHGHFLVLRQPDNLQJSURFHVV
The appointment of the Independent Directors is
carried out in a structured manner. The Nomination &
5HPXQHUDWLRQ&RPPLWWHHLGHQWLoHVSRWHQWLDOFDQGLGDWHV
based on certain laid down criteria and takes into
consideration the diversity of the Board.
The Independent Directors have been appointed
IRU D o[HG WHQXUH RI oYH \HDUV IURP WKHLU UHVSHFWLYH
dates of appointment. Their appointment has been
approved by the Members of the Company at the
Extraordinary General Meeting of the Company held on
September 10, 2014.
None of the Independent Directors serve as Independent
Directors in more than seven listed companies.
7KH,QGHSHQGHQW'LUHFWRUVKDYHFRQoUPHGWKDWWKH\PHHW
with the criteria of independence laid down under the Act
and the SEBI Regulations.
During the year under review, the Independent Directors
met on December 8, 2015, interalia, to discuss:
v
(YDOXDWLRQ RI WKH SHUIRUPDQFH RI 1RQ,QGHSHQGHQW

Directors and the Board of Directors as a whole;
v
(YDOXDWLRQ RI WKH SHUIRUPDQFH RI WKH &KDLUPDQ RI

the Company, taking into account the views of the
Executive and Non-Executive Directors;
v
(YDOXDWLRQ RI WKH TXDOLW\ FRQWHQW DQG WLPHOLQHV RI

pRZ RI LQIRUPDWLRQ EHWZHHQ WKH Management and
the Board that is necessary for the Board to effectively

and reasonably perform its duties;
v
2WKHUPDWWHUV
All the Independent Directors were present throughout

the Meeting. They expressed satisfaction at the robustness
of the evaluation process, the Boards freedom to express
views on the business transacted at the Meetings and
the openness with which the Management discussed
various subject matters on the agenda of meetings. Their
suggestions were discussed at the Board Meeting and are
being implemented to ensure a more robust interaction
at a Board level.
INDUCTION PROGRAMME FOR NEW DIRECTORS AND
ONGOING FAMILIARIZATION PROGRAMME FOR EXISTING
INDEPENDENT AND NON INDEPENDENT DIRECTORS
An appropriate induction programme for new Directors
and ongoing familiarization with respect to the
business / working of the Company for all Directors is a
major contributor for meaningful Board level deliberations
and sound business decisions.
At the time of appointing a Director, a formal letter
of appointment is given to him / her which, interalia,
explains his / her role, function, duties and responsibilities
and the Boards expectations from him / her as a Director
of the Company. The Director is also explained in detail
the compliances required from him / her under the Act,
SEBI Regulations and other relevant regulations and
KLVKHUDIoUPDWLRQWDNHQZLWKUHVSHFWWRWKHVDPH
By way of an introduction to the Company, the Director
is presented with a book on the Company which traces
its history over 80 years of its existence, relevant Annual
Reports, Sustainable Development Report, brochure on
the CSR activities pursued by the Company, copies of The
Indian Concrete Journal which is a well accepted journal
on civil engineering and construction, published by the
Company, ACC Parivar, a house magazine.
A presentation is also shared with the newly appointed
Director giving an overarching perspective of the cement
industry, organizational set-up of the Company, the
functioning of various divisions / departments, the
Companys market share and the markets in which it
operates, governance and internal control processes and
other relevant information pertaining to the Companys
business.
The above initiatives help the Director to understand the
Company, its business and the regulatory framework
in which the Company operates and equips him/her to
HIIHFWLYHO\IXOoOOKLVKHUUROHDVD'LUHFWRURIWKH&ompany.
81
ACC Limited
Further, as an ongoing process, the Board of Directors

is updated on a quarterly basis through presentations
and discussions on the overall economic trends, the
performance of the Cement Industry and that of the
Company, analysis of the circumstances which helped or
adversely impacted the Companys performance and the
initiatives taken / proposed to be taken to bring about an
overall improvement in the performance of the Company,
comparison of the Companys performance with its peers
in the Industry as available in public domain, marketing
strategy, business risks and mitigation plans etc.
Terms ofDSSRLQWPHQWDQGUHPXQHUDWLRQRIWKH&(2 0'
Details of familiarization of Independent Directors with

the working of the Company are available on the website
of the Company and can be accessed through web link
http://www.acclimited.com/newsite/pdf/Induction_
program.pdf
i.
Housing: Free furnished residential accommodation

or HRA at the rate of 40% of the basic salary.
ii.
LTA: An amount not exceeding 12.5% of the basic

salary. The entitlement for any one year to the extent
not availed of shall be allowed to be accumulated
XSWRWKHQH[WWZR&RPSDQ\
VoQDQFLDO\HDUV
PERFORMANCE EVALUATION OF THE BOARD AND

INDIVIDUAL DIRECTORS
Pursuant to the provisions of the Act and the SEBI
Regulations, the Board has carried out the annual
performance evaluation of its own performance, as well as
the evaluation of the working of its Audit, Nomination &
Remuneration and Compliance Committees respectively.
A structured questionnaire was prepared after taking
into consideration inputs received from the Directors,
covering various aspects of the Boards functioning such
as adequacy of the composition of the Board and its
Committees, Board culture, execution and performance
RIVSHFLoFGXWLHVREOLJDWLRQVDQGJRYHUQDQFH
The terms and conditions for appointment and

remuneration of the CEO&MD as approved by the
Members of the Company at the Extraordinary General
Meeting held on September 10, 2014 are as under:
Period of Appointment oYH \HDUV ZLWK HIIHFW IURP
August 13, 2014
Salary Grade - ` 11,00,000 - ` 25,00,000 per month
Allowances -
iii. Medical Reimbursement: Such amount as may be

decided by the Company and CEO&MD, in addition
to Group Mediclaim Policy, as per the rules of
the Company.
iv.
Special Allowance: as may be decided by the Board,

on the recommendation of the Nomination &
Remuneration Committee.
Perquisites i.
Membership of one club.
ii.
Personal Accident Insurance Policy, as per the rules of

the Company.
A separate exercise was carried out to evaluate the

performance of individual Directors. The Chairman of
the Board of Directors and the Chairman of Nomination
& Remuneration Committee met all the Directors
individually to get an overview of the functioning of the
Board and its constituents interalia on the following
broad criteria i.e. attendance and level of participation,
independence of judgement exercised by Independent
Directors, interpersonal relationship etc.
iii. Other Perquisites, as may be decided by the Board,

on the recommendation of the Nomination and
Remuneration Committee, subject to the overall
ceiling on managerial remuneration as prescribed
under the Companies Act, 2013.
Based on the valuable inputs received from the Directors,

an action plan has been drawn up to encourage greater
engagement of the Independent Directors with the
Company.
Performance Bonus - Annual Performance Bonus

not exceeding 30% of the Annual Fixed Gross
Compensation based on CEO&MDs performance
against set goals and the Company meeting the
WDUJHW SHUIRUPDQFH IRU WKH oQDQFLDO \HDU The
performance bonus will be paid only if the CEO&MD
is in the employment of the Company and not on
nRWLFH SHULRG DV RQ 0DUFK RI WKH oQDQFLDO \HDU
under consideration.
REMUNERATION OF DIRECTORS
The policy for remuneration of Directors, Key Managerial
Personnel and Management Executive Committee is set
out as Annexure C to the Boards Report.
82
5HWLUDO %HQHoWV - Contribution to Provident Fund

and Superannuation Fund, as per the rules of the
Company. Gratuity at the rate of half months basic
salary for each completed year of service.
Corporate Overview
In addition to the payment of performance bonus

as aforesaid, the CEO&MD will be eligible for shares
of LafargeHolcim Ltd. The LafargeHolcim shares
so granted shall not exceed 7.5% of the Annual
Fixed Gross Compensation, as per the rules of
LafargeHolcim Performance Compensation Share
Plan. Tax, if any, payable on the LafargeHolcim shares
so allotted shall be borne by the Company.
Sign-on Amount ` 2.20 Crore payable as under:
` 60.00 lakh on joining the Company
` 40.00 lakh as on January 1, 2015
his joining. This incentive component will be payable

to the CEO&MD, if employed in the Company (and
QRWRQQRWLFHSHULRGDVRQ0DUFKRIWKHoQDQFLDO
year under consideration. This deferred bonus may
be substituted by a stock plan once implemented by
LafargeHolcim for senior leadership.
Minimum Remuneration :KHUH LQ WKH oQDQFLDO
years during the currency of the tenure of the
&(2 0' WKH &RPSDQ\ KDV QR SURoWV RU LWV SURoWV
are inadequate, the Company will pay remuneration
E\ZD\RIVDODU\DQGSHUTXLVLWHVDVVSHFLoHGVXEMHFW
to requisite approvals being obtained.
Notice Period & Severance Fees As per the agreed terms under the following scenarios:
Deferred Bonus - Based on his performance and

upon achieving the targeted goals, the CEO&MD
shall be paid an additional bonus (deferred bonus) of
` 70.00 lakh per annum which will become payable
WKUHH \HDUV DIWHU HDFK JUDQW 7KH oUVW JUDQW ZLOO EH
made in April 2015 on a prorata basis from the date of
v
v
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re-organization.
The remuneration drawn by the Directors and the Key Managerial Personnel during the year is as under:
Mr N S Sekhsaria, Chairman
Mr Bernard Terver
Mr Harish Badami
Mr Eric Olsen (appointed w.e.f. 17.07.2015)
Mr Ashwin Dani
Mr Arunkumar Gandhi
Ms Falguni Nayar
Mr Christof Hassig (appointed w.e.f. 09.12.2015)
Mr Aidan Lynam (resigned w.e.f on 14.07.2015)
Mr Bernard Fontana (resigned on 17.07.2015)
Name of Key Managerial Personnel
0U6XQLO1D\DN&KLHI)LQDQFLDO2IoFHU
Mr Burjor D Nariman,
Salary
569.55
Salary
250.80
124.74
Commission
37.00
28.00
7.32
28.00
28.00
28.00
28.00
16.00
34.00
16.00
1.01
8.50
8.68
Commission
-
Sitting Fees
4.50
8.30
1.00
6.40
5.30
6.00
7.70
2.50
6.30
3.90
0.50
1.00
1.50
Sitting Fees
-
` Lakh
Total
41.50
36.30
569.55
8.32
34.40
33.30
34.00
35.70
18.50
40.30
19.90
1.51
9.50
10.18
Total
250.80
124.74
None of the Directors of the Company / Key Managerial Personnel had any pecuniary relationship with the Company during the year.
83
ACC Limited
MEETINGS
Board Meetings held during the Year
Dates on which the Board Meetings were held
Total Strength of the Board
No of Directors Present
February 3, 2015
12
10
March 24, 2015
12
10
April 14, 2015
12
11
July 17, 2015
12
10
October 20, 2015
11
10
December 9, 2015
12
11
Attendance of Directors at Board Meetings and Annual General Meeting

Attendance at the Board Meetings held on
Attendance
at the AGM
held on
December
March 20,
9, 2015
2015
February 3,
2015
March 24,
2015
April 14,
2015
July 17,
2015
October
20, 2015
Mr Bernard Terver
(Dy Chairman)
Leave of
Absence
Leave of
Absence
Mr Harish Badami
Leave of
Absence
Not
Applicable
Mr N S Sekhsaria (Chairman)
(appointed w.e.f. 17.07.2015)
Not
Applicable
Leave of
Absence
Leave of
Absence
Leave of
Absence
Mr Ashwin Dani
Leave of
Absence
Leave of
Absence
Leave of
Absence
Mr Arunkumar Gandhi
Ms Falguni Nayar
Mr Christof Hassig
Not
Applicable
Not
Applicable
Mr Eric Olsen
Not
Not
Applicable Applicable
Not
Not
Not
Not
Applicable Applicable Applicable Applicable
Mr Bernard Fontana
Leave of
Absence
Mr Aidan Lynam
Leave of
Absence

(retd. as Director w.e.f. 14.07.2015)
84
Not
Not
Applicable Applicable
Leave of
Absence
Not
Not
Not
Applicable Applicable Applicable
Leave of
Absence
Corporate Overview
The Act facilitates the participation of a Director in

Board / Committee Meetings through video conference
or other audio visual mode. Accordingly, the option to
participate in the Meeting through video conference was
made available for the Directors except in respect of such
Meetings / Items which are not permitted by law to be
transacted through video conference.
The Board of Directors provide strategic guidance,
monitors operational performance and ensures that
robust policies and procedures are in place and through
its various Committees guarantees the quality of the
Companys risk management, internal controls and
ensures compliance with all relevant laws. In particular,
the Board periodically reviews the items required to be
placed before it and reviews and approves quarterly
XQDXGLWHGoQDQFLDOVWDWHPHQWVDQGWKHDXGLWHGDQQXDO
oQDQFLDO VWDWHPHQWV FRUSRUDWH VWUDWHJLHV EXVLQHVV
plans, annual budgets, projects and capital expenditure.
It monitors overall operating performance, Health &
Safety (H&S) performance, progress of major projects
and reviews such other items which require Boards
attention. It directs and guides the activities of the
Management towards achieving set goals and seeks
accountability. It also sets standards of corporate
behaviour, ensures transparency in corporate dealings
and compliance with laws and regulations. The Agenda
for the Board Meeting covers items set out as per the
guidelines in SEBI Regulations to the extent these are
relevant and applicable. All agenda items are supported
by relevant information, documents and presentations to
enable the Board to take informed decisions. The Agenda
is sent out to the Directors within the period stipulated in
the Secretarial Standards.
The constitution, terms of reference and the functioning of

the existing Committees of the Board is explained herein.
Each of these Committees have the requisite expertise to

KDQGOH LVVXHV UHOHYDQW WR WKHLU oHOG 7KHVH &RPPLWWHHV
spend considerable time and give focused attention
to the various issues placed before it and the guidance
provided by these Committees lends immense value and
enhances the decision making process of the Board. The
Board reviews the functioning of these committees from
time to time.
The Meetings of each of these Committees are convened
by the respective Chairman of the Committees, who
also inform the Board about the summary of discussions
held in the Committee Meetings. The Minutes of the
Committee Meetings are sent to all Directors individually
and tabled at the respective Board / Committee
Meetings.
Audit Committee - Mandatory Committee
The Audit Committee acts as a link between the Statutory
and Internal Auditors and the Board of Directors. It
DVVLVWVWKH%RDUGLQIXOoOOLQJLWVRYHUVLJKWUHVSRQVLELOLWLHV
RI PRQLWRULQJ oQDQFLDO UHSRUWLQJ SURFHVVHV UHYLHZLQJ
the Companys established systems & processes for
LQWHUQDOoQDQFLDOFRQWUROVJRYHUQDQFHDQGUHYLHZLQJWKH
Companys statutory and internal audit activities. Majority
of the Members on the Committee, including the Chairman
are Independent Directors. The Committee is governed by
a Charter which is in line with the regulatory requirements
mandated by the Act and SEBI Regulations. Some of the
important functions performed by the Committee are:
Financial Reporting and Related Processes
v
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Stock Exchanges, regulatory authorities or the public.
v
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Limited Review Report thereon, audited annual
oQDQFLDO VWDWHPHQWV DQG $XGLWRUV
5HSRUW WKHUHRQ
before submission to the Board for approval. This
would, interalia, include reviewing changes in the
accounting policies and reasons for the same. Major
accounting estimates based on exercise of judgement
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LQWKHoQDQFLDOVWDWHPHQWVDQGRUUHFRPPHQGDWLRQ
if any, made by the Statutory Auditors in this regard.
v
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COMMITTEES OF THE BOARD

Over the long years of its existence, the Company has
developed robust governance structure and processes.
For instance, long before it was mandated by the law, the
Board of Directors had constituted the Audit Committee
in 1986. A Share Committee was constituted in 1962 to
look into various matters relating to the shares of the
Company and Investor Relations, which Committee has
transformed as Stakeholders Relationship Committee.
Likewise, a Compensation Committee was constituted
in 1992. This Committee has been reconstituted as the
Nomination & Remuneration Committee with wider
terms of reference.
85
ACC Limited
v
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about the quality and appropriateness of the
Companys accounting principles with reference
to the Generally Accepted Accounting Principles in
India (IGAAP).
Review and recommend to the Board the

appointment / re-appointment of the Statutory
Auditors and Cost Auditors considering their
independence and effectiveness and their
replacement and removal.
v
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the Statutory Auditors except those enumerated in
Section 144 of the Act and payment for such services.
v
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Statutory Auditors / Cost Auditors.
v
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encountered during the course of the Audit.
v
5HYLHZLQJ WKH DQQXDO &RVW $XGLW 5HSRUW VXEPLWWHG

by the Cost Auditor.
Internal Financial Controls and Governance Processes

v
5HYLHZ WKH DGHTXDF\ DQG HIIHFWLYHQHVV RI WKH

Companys system and internal controls.
v
5HYLHZ DQG GLVFXVV ZLWK WKH 0DQDJHPHQW WKH

&RPSDQ\
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taken by the Management to monitor and control
such exposure.
v
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mechanism (implemented in the Company as
EthicalView Reporting Policy) and to review the
oQGLQJVRILQYHVWLJDWLRQLQWRFDVHVRIPDWHULDOQDWXUH
and the actions taken in respect thereof.
Other Duties
v
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of remuneration of the Chief Internal Auditor and
to approve the appointment of the Chief Financial
2IoFHU
v
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transactions which are in the ordinary course of
business and on an arms length pricing basis and to
review and approve such transactions subject to the
approval of the Board.
Audit
v
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annual audit plan and the Internal Audit Plan with a
view to ensure adequate coverage.
v
5HYLHZ WKH VLJQLoFDQW DXGLW oQGLQJV IURP WKH

statutory and internal audits carried out, the
recommendations and Managements response
thereto.
The composition of the Audit Committee as at December 31, 2015 and details of the Members participation at the
Meetings of the Committee are as under:
Name of the Member
Category
Mr Arunkumar Gandhi
(Chairman)
Mr Bernard Terver
Non-Executive/
Independent
Non-Executive
Mr
Sushil
Kumar
Roongta
Mr Ashwin Dani
Non-Executive/
Independent
Non-Executive/
Independent
Non-Executive/
Independent
Attendance at the Audit Committee Meeting held on

February
April 13,
May 22,
July 17,
October December
2, 2015
2015
2015
2015
20, 2015
9, 2015
9
9
9
9
9
9
Leave of
Absence
Leave of
Absence
9
9
9
Leave of
Absence
Leave of
Absence
9
Leave of
Absence
9
As prescribed under the Act, the Chairman of the Committee who is an Independent Director was present at the Annual General
Meeting of the Company.
86
Corporate Overview
All the Members on the Audit Committee possess the

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DQG KDYH VRXQG NQRZOHGJH RI oQDQFH DFFRXQWLQJ
practices and internal controls.
The representatives of the Statutory Auditors are
permanent invitees to the Audit Committee Meetings.
They have attended all the Audit Committee Meetings
held during the year. The representative of the Cost
Auditor is invited to attend the Meeting of the Audit
Committee when the Cost Audit Report is tabled for
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Meetings. The Company Secretary is the Secretary to the
Committee.
During the year under review, the Audit Committee held
a separate meeting with the Statutory Auditors and the
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matters relating to their respective areas of audit.
Stakeholders Relationship Committee - Mandatory

Committee
The Stakeholders Relationship Committee comprises
three Members of which one Member is an Independent
Director. The Committee is governed by a Charter.
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FHUWLoFDWHVUHODWLQJWRRWKHUVHFXULWLHV
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pursuant to a Rights Issue / Bonus Issue, subject to
such approval as may be required;
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any, implemented by the Company;
v
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securities subject to such approvals as may be
required;
v
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shares / debentures / other securities and all matters
incidental or related thereto;
v
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&RPSOLDQFHRWKHU2IoFHUVRIWKH6KDUH'HSDUWPHQW
to attend to matters relating to non-receipt of annual
reports, notices, non-receipt of declared dividend /
interest, change of address for correspondence etc
and to monitor action taken;
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&RPSOLDQFHRWKHU2IoFHUVRIWKH6KDUH'HSDUWPHQW
to attend to matters relating to transfer/transmission
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shares reported lost, defaced or destroyed, to issue
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UHQHZDOVSOLWRUFRQVROLGDWLRQRIVKDUHFHUWLoFDWHV
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the Company to the Investors;
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shareholders / security holders including complaints
relating to transfer / transmission of shares /
securities, non-receipt of declared dividends / Annual
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complaints;
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debentures and other securities of the Company;
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Committee by the Board of Directors.
The terms of reference of the Committee are:

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debentures and such other securities as may be
issued by the Company from time to time;
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shares / debentures and other securities reported
lost, defaced or destroyed as per the laid down
procedure;
v
Self Assessment by the Audit Committee

The Audit Committee has set in place a process to
measure and benchmark its performance each year. The
assessment broadly covers composition, structure and
FRPPLWWHHPHHWLQJVRYHUYLHZRIWKHoQDQFLDOUHSRUWLQJ
process; internal control systems and overview of internal
and external audits. The results of the self assessment are
presented to the Audit Committee along with the action
plan in the areas requiring improvement.
87
ACC Limited
The composition of the Stakeholders Relationship Committee as at December 31, 2015 and details of the Members
participation at the Meetings of the Committee are as under:
Name of the Member
Category
Attendance at the Stakeholders Relationship Committee

Meetings held on
February 2,
2015
April 13,
2015
July 16,
2015
October 20,
2015
December 7,
2015
Mr Bernard Terver
(Chairman)
Non-Executive
Leave of
Absence
Non-Executive /
Independent
Leave of
Absence
Executive
Mr Harish Badami
Mr Shailesh Haribhakti and Mr Harish Badami, Members of the Committee attended the Annual General Meeting of the Company.
Mr Burjor D Nariman, Company Secretary & Head

&RPSOLDQFHIXQFWLRQVDVWKH&RPSOLDQFH2IoFHU
During the year, 29 complaints were received from
shareholders, out of which all complaints have been
attended / resolved. As on December 31, 2015, no
investor grievance has remained unattended / pending
for more than thirty days. The Company had ten share
transfers pending as on December 31, 2015. These
share transfers were received by the Company on
December 28, 2015.
1RPLQDWLRQ 5HPXQHUDWLRQ &RPPLWWHH 0DQGDWRU\
Committee
The Nomination & Remuneration Committee is governed
by a Charter. The Chairman of the Committee is an
Independent Director and majority of the Members on the
Committee are Independent Directors.
The terms of reference of the Committee interalia, include
the following:
v
88
6XFFHVVLRQ SODQQLQJ RI WKH %RDUG RI 'LUHFWRUV DQG

Executive Committee;
v
,GHQWLI\LQJ DQG VHOHFWLRQ RI FDQGLGDWHV IRU

appointment as Directors / Independent Directors
based on certain laid down criteria;
v
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Key Managerial Personnel and all ExCo Members;
v
Formulate and review from time to time the policy

for selection and appointment of Directors, Key
Managerial Personnel and Members of the Executive
Committee and their remuneration;
v
Review the performance of the Board of Directors, Key

Managerial Personnel and Members of the Executive
Committee based on certain criteria as approved by
the Board. In reviewing the overall remuneration of
the Board of Directors, Key Managerial Personnel and
Executive Committee Members, the Committee ensures
WKDW WKH UHPXQHUDWLRQ LV UHDVRQDEOH DQG VXIoFLHQW WR
attract, retain and motivate the best managerial talent,
the relationship of remuneration to performance is
clear and meets appropriate performance benchmarks
and that the remuneration involves a balance between
o[HGDQGLQFHQWLYHSD\UHpHFWLQJVKRUWWHUPDQGORQJ
term objectives of the Company.
Corporate Overview
The composition of the Nomination & Remuneration Committee as at December 31, 2015 and the details of
Members participation at the Meetings of the Committee are as under:
Name of the Member
Category
Attendance at the Nomination & Remuneration Committee

Meeting held on
February 2,
2015
July 16,
2015
October 20,
2015
December 8,
2015
Mr Ashwin Dani
(Chairman)
Non-Executive /
Independent
Mr N S Sekhsaria
Non-Executive /
Independent
Mr Bernard Terver
Non-Executive
Leave of
Absence
Non-Executive /
Independent
Leave of
Absence
Mr Farrokh Kavarana
Non-Executive /
Independent
Non-Executive
Not
Applicable
Not
Applicable
Leave of
Absence
Leave of
Absence
Mr Eric Olsen
As prescribed under the Act, the Chairman of the Committee was present at the Annual General Meeting of the Company.
Corporate Social Responsibility (CSR) Committee Mandatory Committee
Corporate Social Responsibility Committee (CSR)

broadly comprises:
The Company has always been mindful of its

obligations vis--vis the communities it impacts
and has been pursuing various CSR activities long
before it became mandated by law. As required
under the Act, a formal Committee of the Board was
constituted in 2013 to oversee and give direction to the
Companys CSR activities. The terms of reference of the
v
7RUHYLHZWKHH[LVWLQJ&653ROLF\DQGWRPDNHLWPRUH
comprehensive so as to indicate the activities to be
XQGHUWDNHQE\WKH&RPSDQ\DVVSHFLoHGLQ6FKHGXOH
VII of the Act;
v
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be undertaken by the Company and to monitor its
progress.
The composition of the CSR Committee as at December 31, 2015 and the details of Members participation at the
Meetings of the Committee are as under:
Name of the Member
Category
Attendance at the CSR Committee

Meeting held on
July 16, 2015
December 7, 2015
(Chairman)
Non-Executive / Independent
Leave of Absence
Ms Falguni Nayar
Leave of Absence
Mr Farrokh Kavarana
Non-Executive
Not Applicable
Executive
Mr Bernard Terver
Mr Harish Badami
89
ACC Limited
During the year, the CSR Policy has been restated

making it more comprehensive and in alignment with
the requirements of the Act and the United Nations
Sustainable Development Goals. The CSR Policy statement
and the CSR Report forms part of the Boards Report to the
Members of the Company.
Regulations. The Committee is governed by a Charter and

its objectives and scope broadly comprises:
v
2YHUVLJKW RI ULVN PDQDJHPHQW SHUIRUPHG E\ WKH

operating management;
v
5HYLHZLQJ WKH %XVLQHVV 5LVN 0DQDJHPHQW %50

policy and framework in line with local legal
requirements and SEBI guidelines;
v
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initiating mitigation actions and ownership as per a
SUHGHoQHGF\FOH
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monitoring, mitigation and reporting of risks;
v
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shall review risk trends, exposure, potential impact
analysis and mitigation plans.
Risk Management Committee - Mandatory Committee

Business Risk Evaluation and Management is an ongoing
process within the Organization. The Company has a
robust risk management framework to identify, monitor,
mitigate and minimize risks as also identify business
opportunities.
The Risk Management Committee was constituted by the
Board of Directors in 2014, pursuant to the requirement
of the earlier Clause 49 of the Listing Agreement with the
Stock Exchanges which has now been replaced by the SEBI
The composition of the Risk Management Committee as at December 31, 2015 and the details of Members participation
at the Meetings of the Committee are as under:
Name of the Member
Category
(Chairman)
Ms Falguni Nayar
Non-Executive /
Independent
Non-Executive /
Independent
Non-Executive
Mr Bernard Terver
Attendance at the Risk Management

Committee Meeting held on
October 16, 2015
December 7, 2015
9
9
9
Not Applicable
Mr Harish Badami
Executive
Compliance Committee - Non-Mandatory Committee

Recognizing the importance of compliance with various
laws and regulations, the Board of Directors constituted
a Compliance Committee in 2008. The Compliance
Committee plays an important role in building a regime
of zero tolerance to any form of non-compliance, which is
essential for sustainable growth.
developments and their interpretation by the Courts

RIODZWKDWPD\VLJQLoFDQWO\DIIHFWWKH&RPSDQ\
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UHYLHZLQJ FRPSOLDQFH ZLWK WKH SURYLVLRQV RI

Competition Law and to provide guidance in regard
to the development of the laws in India and abroad;
v
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rules and regulations based on reports received from
the CEO&MD, and Executive Committee Members
and the Company Secretary & Head Compliance and
recommend corrective actions, if any, where required;
v
UHYLHZLQJVLJQLoFDQWOHJDOFDVHVoOHGE\DQGDJDLQVW
the Company.
The terms of reference of the Committee broadly

comprises:
v
90
UHYLHZLQJ WKH OHJDO HQYLURQPHQW LQ ZKLFK WKH

Company operates with a view to understand the
implications of major legislative and regulatory
Corporate Overview
The composition of the Compliance Committee as at December 31, 2015 and the details of the Members participation
at the Meetings of the Committee are as under:
Name of the Member
Category
Mr Farrokh Kavarana
(Chairman)
Mr Bernard Terver
Non-Executive /
Independent
Non-Executive
Non-Executive /
Independent
Executive
Mr Harish Badami
Attendance at the Compliance Committee Meeting held on

February 2,
April 13,
July 16,
October 20,
2015
2015
2015
2015
9
9
9
9
Leave of
Absence
9
Leave of
Absence
9
Capex Committee - (Constituted in 2010) - Non-Mandatory

Committee
The Capex Committee was constituted to review the
WHFKQLFDO DQG oQDQFLDO YLDELOLW\ RI ODUJH SURMHFWV DQG LQ
particular the Jamul Project. The said Project has been
approved by the Board and is nearing completion. There is
a Steering Committee of the Management which closely
monitors the progress of the project and since no other
major capex proposals were under consideration during
the year, the Committee has not met during the year
under review.
SUBSIDIARY COMPANIES
The Company does not have any material subsidiary
whose net worth exceeds 20% of the consolidated net
worth of the Holding Company in the immediately
preceding accounting year or has generated 20% of the
consolidated income of the Company.
The Companys policy on material subsidiary is placed
on the Companys website and can be accessed through
weblink http://www.acclimited.com/newsite/pdf/CG/
Determiningmaterialsubsidiaries.pdf
The Audited Annual Financial Statements of Subsidiary
Companies are tabled at the Audit Committee and Board
Meetings of the Company.
Copies of the Minutes of the Nomination & Remuneration
Committee, Audit Committee and Board Meetings of
Subsidiary Companies are given to all the Directors and
tabled at the Board Meetings of the Company.
DISCLOSURES
Related Party Transactions
All Transactions with related parties were in the ordinary
course of business and on an arms length pricing basis. The
policy on related party transaction has been placed on the

Companys website and can be accessed through http://
www.acclimited.com/newsite/pdf/CG/PolicyonRPT.pdf.
Strictures and Penalties
No strictures or penalties have been imposed on the
Company by the Stock Exchanges or by the Securities
and Exchange Board of India (SEBI) or by any statutory
authority on any matters related to capital markets during
the last three years.
CODE OF BUSINESS CONDUCT
The Board of Directors has approved a Code of Business
Conduct which is applicable to the Members of the Board
and to all employees. The Company follows a policy of
Zero Tolerance to bribery and corruption in any form and
the Board has laid down the Anti Bribery & Corruption
Directive which forms an Appendix to the Code. The
Code has been posted on the Companys website
www.acclimited.com
The Code lays down the standard of conduct which is
expected to be followed by the Directors and by the
employees in their business dealings and in particular on
matters relating to integrity in the work place, in business
practices and in dealing with stakeholders. The Code gives
guidance through examples on the expected behaviour
from an employee in a given situation and the reporting
structure.
All the Board Members and the Senior Management
SHUVRQQHO KDYH FRQoUPHG FRPSOLDQFH ZLWK WKH &RGH
All Management Staff were required to complete an
e-learning module, in addition to a face-to-face training
given by the Company in this regard.
91
ACC Limited
VALUE CREATION IN COMPETITIVE ENVIRONMENT (VCCE)

The Value Creation in Competitive Environment (VCCE)
programme was introduced in ACC as early as 2008
and the Company has been carrying out extensive
training sessions for creating awareness among relevant
employees for conducting business in a fair manner,
upholding the interest of consumers.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
In staying true to our values of Strength, Performance and
Passion and in line with our vision of being one of the most
respected companies in India, the Company is committed
to the high standards of Corporate Governance and
stakeholder responsibility.
The Company has an EthicalView Reporting (EVR) Policy
to deal with instances of fraud and mismanagement, if
DQ\ 7KH (95 3ROLF\ HQVXUHV WKDW VWULFW FRQoGHQWLDOLW\ LV
maintained whilst dealing with concerns and also that no
discrimination is meted out to any person for a genuinely
raised concern. Pursuant thereto, a dedicated helpline
ACC Ethics Helpline has been set-up which is managed
by an independent professional organization. The Ethics
Helpline can be contacted to report any suspected or
FRQoUPHGLQFLGHQWRIIUDXGPLVFRQGXFWRQ
E-Mail: acc@ethicalview.com
Online reporting on https:integrityline.holcim.com
National Toll Free Number: 18002092008
Fax Number: +91(22) 6645 9575
Address: PO Box 137, Pune 411 001
A high level Committee has been constituted which looks
into the complaints raised. The Committee reports to the
Audit Committee and the Board.
No personnel of the Company has been denied access to
either the ACC Ethics Helpline or to the Audit Committee.
PREVENTION OF INSIDER TRADING
,Q -DQXDU\ 6(%, QRWLoHG WKH 6(%, 3URKLELWLRQ RI
Insider Trading) Regulations, 2015 which came into effect
from May 15, 2015. Pursuant thereto, the Company has
formulated and adopted a new Code for Prevention of
Insider Trading.
The new code viz. Code of Internal Procedures and
Conduct for Regulating, Monitoring And Reporting of
92
Trading by Insiders and the Code of Practices and

Procedures for Fair Disclosure of Unpublished Price
Sensitive Information (ACC Code) allows the formulation
of a trading plan subject to certain conditions and requires
pre-clearance for dealing in the Companys shares. It also
prohibits the purchase or sale of Companys shares by the
Directors, designated employees and connected persons,
while in possession of unpublished price sensitive
information in relation to the Company and during the
period when the Trading Window is closed.
The Company Secretary & Head Compliance is responsible
for implementation of the Code.
All Board Directors, designated employees and connected
SHUVRQVKDYHDIoUPHGFRPSOLDQFHZLWKWKH&RGH
COMMUNICATION WITH THE SHAREHOLDERS
The Company, from time to time and as may be
required, communicates with its shareholders and
investors through multiple channels of communications
such as dissemination of information on the on-line
portal of the Stock Exchanges, press releases, the
Annual Reports and uploading relevant information
on its website.
The unaudited quarterly results are announced within
IRUW\oYH GD\V RI WKH FORVH RI WKH TXDUWHU 7KH DXGLWHG
annual results are announced within two months
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6(%, 5HJXODWLRQV 7KH DIRUHVDLG oQDQFLDO UHVXOWV DUH
announced to the Stock Exchanges within thirty minutes
from the close of the Board Meeting at which these
were considered and approved. The results are generally
published in the Economic Times and Free Press Journal.
The Marathi translation of the same is published in
Maharashtra Times and Loksatta, which are regional daily
newspapers.
7KHDXGLWHGoQDQFLDOVWDWHPHQWVIRUPSDUWRIWKH$QQXDO
Report which is sent to the Members within the statutory
period and well in advance of the Annual General Meeting.
The Annual Report of the Company, the quarterly / half
\HDUO\DQGWKHDXGLWHGoQDQFLDOVWDWHPHQWVDQGWKHSUHVV
releases of the Company are also placed on the Companys
website www.acclimited.com and can be downloaded.
Corporate Overview
The presentations on the performance of the Company

are placed on the Companys website immediately after
these are communicated to the Stock Exchanges for the
EHQHoW RI WKH LQVWLWXWLRQDO LQYHVWRUV DQG DQDO\VWV DQG
other shareholders.
The Company discloses to the Stock Exchanges, all
information required to be disclosed under Regulation 30
read with Part A of Schedule III of the SEBI Regulations
including material information having a bearing on the
performance / operations of the listed entity or other
SULFH VHQVLWLYH LQIRUPDWLRQ $OO LQIRUPDWLRQ LV oOHG
electronically on BSEs online Portal BSE Corporate
Compliance & Listing Centre (Listing Centre) and on NSE
Electronic Application Processing System (NEAPS), the
on-line portal of National Stock Exchange of India Limited.
The Board of Directors has approved a policy for
determining materiality of events for the purpose of
making disclosure to the Stock Exchanges. An internal
Management Committee comprising the CEO&MD,
WKH &KLHI )LQDQFLDO 2IoFHU DQG WKH &RPSDQ\ 6HFUHWDU\
has been constituted and empowered to decide on the
materiality of the information for the purpose of making
disclosures to the Stock Exchanges.
All disclosures made to the stock exchanges are also
available on the Companys website under the heading
Announcements.
Facility has been provided by SEBI for investors to place
their complaints / grievances on a centralized web-based
complaints redressal system viz. SEBI Complaints Redress
System (SCORES). The salient features of this system are:
Centralized database of all complaints, online upload of
Action Taken Reports (ATRs) by the concerned companies
and online viewing by investors of actions taken on the
complaint and its current status.
A separate dedicated section under Corporate
Governance on the Companys website gives information
on unclaimed dividends, quarterly compliance reports
and other relevant information of interest to the
investors / public.
The Company also uploads on the BSE Listing Centre
and on NSE NEAPS portals, details of analysts and
institutional investor meetings whenever the Companys

representatives attend any meeting of the investors.
COMPLIANCE WITH NON-MANDATORY PROVISIONS
The status on the compliance with the non-mandatory
recommendation in the SEBI Regulations is as under:
v
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and the CEO are separate;
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FORVH WR WKH &RPSDQ\
V 5HJLVWHUHG 2IoFH +RZHYHU
DQRIoFHLVPDGHDYDLODEOHIRUKLVXVHLIUHTXLUHGE\
him, during his visits to the Company for attending
meetings;
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Financial Statements for the year ended
'HFHPEHUDUHXQTXDOLoHG
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reports directly to the Audit Committee in all
functional matters.
v
7KH &RPSDQ\ IROORZV D UREXVW SURFHVV RI

communicating with the shareholders which has
been explained earlier in the Report under Means of
Communication.
GENERAL INFORMATION TO SHAREHOLDERS

Financial Year
January - December, 2015
Investor Services
The Company has an in-house Share Department located
DW LWV 5HJLVWHUHG 2IoFH ZKLFK RIIHUV DOO VKDUH UHODWHG
services to its Members and Investors. These services
include transfer / transmission / dematerialization
of shares / payment of dividends / sub-division /
FRQVROLGDWLRQUHQHZDORIVKDUHFHUWLoFDWHVDQGLQYHVWRU
grievances.
The Company is registered with SEBI as Registrar to an
Issue / Share Transfer Agent in Category II Share Transfer
Agent and the registration code is INR000004124.
93
ACC Limited
Address for Correspondence with the Company

ACC Limited
Share Department
Cement House
121, Maharshi Karve Road,
Mumbai 400 020
([FOXVLYH(0DLO,' 7ROO)UHH1XPEHU
Telephone No.:
(022) 3302 4469
Fax No.:
(022) 6631 7458
Communication by E-mail:
For transfer / transmission / s u j a t a . c h i t r e @
subdivision / demat / loss of shares acclimited.com
/ dividend / general inquiries and
investor
grievance
remaining
unattended:
Communication by Members
Members who hold shares in dematerialized form should
correspond with the Depository Participant with whom
they maintain their Demat Account/s, for queries relating
to shareholding, change of address, credit of dividend
through NECS. However, queries relating to non-receipt
of dividend, non-receipt of annual reports or on matters
relating to the working of the Company should be
addressed to the Company.
Members who hold shares in physical form should address
their queries to the Company.
Members are requested to ensure that correspondence
for change of address, change in bank details, processing
of unclaimed dividend, subdivision of shares, renewals
VSOLW FRQVROLGDWLRQ RI VKDUH FHUWLoFDWHV LVVXH RI
GXSOLFDWHVKDUHFHUWLoFDWHVVKRXOGEHVLJQHGE\WKHoUVW
named Member as per the specimen signature registered
with the Company. The Company may also, with a view
to safeguard the interest of its Members and that of the
Company, request for additional supporting documents
VXFKDVFHUWLoHGFRSLHVRI3$1&DUGVDQGRWKHUSURRIRI
identity and / or address.
Members are requested to indicate their DP ID & Client
ID/ Ledger Folio number in their correspondence with the
94
Company and also to provide their Email addresses and

telephone numbers / FAX numbers to facilitate prompt
response from the Company.
The Company has designated an e-mail ID to enable the

Members and Investors to correspond with the Company.
The e-mail ID is ACC-InvestorSupport@acclimited.com
The Company has also set up a toll free number
1800-3002-1001 to facilitate the Members / Investors
to contact the Company. The toll free services will be
available on all working days of the Company from
9.15 a.m. till 5.00 p.m.
Plant Location
The location of the Companys Plants are given on the
inside cover page of the Annual Report. The details of the
Plants along with their addresses and telephone numbers
are also available on the Companys website.
MARKET INFORMATION
Listing on Stock Exchanges
The Companys shares are listed on the following Stock
Exchanges and the listing fees have been paid to the
Exchanges:
Name and Address of
the Stock Exchanges
BSE Limited
Phiroze Jeejeebhoy
Towers, Dalal Street,
Mumbai 400 001
The National Stock
Exchange of India
Limited, Exchange
Plaza, Bandra-Kurla
Complex, Bandra (East),
Mumbai 400 051
Stock
ISIN Number
Code/
for NSDL / CDSL
Scrip Code (Dematerialized
shares)
500410
ACC
INE012A01025
Corporate Overview
ACC Share Price on BSE vis--vis BSE Sensex January - December 2015
Month
BSE Sensex
Close
High
Low
Close
No. of shares
traded during
the month
Turnover
` crore
January 2015
29,182.95
1,591.90
1,337.90
1,560.05
5,16,159
76.18
February 2015
29,361.50
1,703.65
1,484.30
1,683.25
6,45,371
102.20
March 2015
27,957.49
1,774.80
1,540.00
1,560.60
4,60,877
75.09
April 2015
27,011.31
1,677.60
1,432.00
1,438.70
5,34,693
83.76
May 2015
27,828.44
1,541.80
1,386.60
1,514.55
5,68,665
84.19
June 2015
27,780.83
1,532.40
1,366.00
1,440.65
4,35,573
82.29
July 2015
28,114.56
1,515.00
1,351.00
1,383.15
6,62,989
95.58
August 2015
26,283.09
1,452.00
1,320.00
1,334.55
7,14,994
98.44
September 2015
26,154.83
1,410.00
1,303.05
1,344.15
4,12,451
55.94
October 2015
26,656.83
1,409.00
1,330.00
1,376.10
3,42,752
47.14
November 2015
26,145.67
1,441.00
1,302.00
1,347.00
2,32,920
31.68
December 2015
26,117.54
1,373.70
1,306.10
1,343.95
1,89,863
25.45
30000
1800
29000
1700
28000
1600
27000
1500
26000
1400
25000
Jan-15
Feb-15
Mar-15
Apr-15
May-15
BSE Sensex
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
1300
ACC Share Price on BSE (Closing)
BSE Sensex
ACC Share Price on BSE & BSE Sensex
ACC Share Price (on BSE) Close
95
ACC Limited
$&&6KDUH3ULFHRQ16(YLVYLV6 3&1;1LIW\-DQXDU\'HFHPEHU
Month
S & P CNX
Nifty Close
High
Low
Close
`
No. of shares
traded during
the month
Turnover
` crore
January 2015
8,808.90
1,595.00
1,336.20
1,560.45
77,86,122
1,164.86
February 2015
8,901.85
1,705.00
1,481.45
1,678.10
1,10,53,762
1,767.19
March 2015
8,491.00
1,774.65
1,538.00
1,562.75
71,28,129
1,172.49
April 2015
8,181.50
1,676.85
1,428.10
1,433.70
67,34,126
1,048.93
May 2015
8,433.65
1,541.85
1,386.55
1,512.40
61,53,687
907.20
June 2015
8,368.50
1,532.00
1,366.20
1,444.55
61,94,444
886.16
July 2015
8,532.85
1,515.55
1,350.00
1,387.40
71,74,433
1,032.58
August 2015
7,971.30
1,454.35
1,320.00
1,334.85
68,73,980
947.32
September 2015
7,948.90
1,408.00
1,301.50
1,346.75
45,81,261
621.86
October 2015
8,065.80
1,407.45
1,329.20
1,379.60
46,33,758
636.90
November 2015
7,935.25
1,443.00
1,300.80
1,344.25
38,68,250
524.88
December 2015
7,946.35
1,373.15
1,305.40
1,360.65
36,80,397
494.31
9500
1800
9000
1700
8500
1600
8000
1500
7500
1400
7000
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
S & P CNX Nifty Close
96
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
ACC Share Price (on NSE) Close
Dec-15
1300
ACC Share Price on NSE (Closing)
S & P CNX NIFTY
ACC Share Price on NSE & S&P CNX NIFTY
Corporate Overview
SHARE TRANSFER SYSTEM / DIVIDEND AND OTHER

RELATED MATTERS
i.
Share transfers
Company for exchange with shares of the face value

of ` 10 each.
v.
Share transfers for ` 10 face value shares, in physical

IRUP DUH SURFHVVHG DQG WKH VKDUH FHUWLoFDWHV DUH
generally returned to the transferees within a period
RI oIWHHQ GD\V IURP WKH GDWH RI UHFHLSW RI WUDQVIHU
provided the transfer documents lodged with the
Company are complete in all respects.
ii.
Dividend
a.
The Company provides the facility for direct

credit of the dividend to the Members Bank
Account. SEBI Regulations also mandate
Companies to credit the dividend to the
Members electronically. Members are therefore
urged to avail of this facility to ensure safe
and speedy credit of their dividend into their
Bank account through the Banks Automated
Clearing House. Members who hold shares in
demat mode should inform their Depository
Participant as well as to the Company and such
of the Members holding shares in physical form
should inform the Company of the core banking
account details allotted to them by their bankers.
In cases where the core banking account details
are not intimated to the Company and the
Depository Participant, the Company will issue
dividend warrants to the Members.
Nomination facility for shareholding

As per the provisions of the Act, facility for making
nomination is available for Members in respect of
shares held by them. Members holding shares in
physical form may obtain a nomination form, from
the Share Department of the Company or download
the same from the Companys website. Members
holding shares in dematerialized form should contact
their Depository Participants (DP) in this regard.
iii. Permanent Account Number (PAN)

Members who hold shares in physical form are
advised that SEBI has made it mandatory that a copy
of the PAN card of the transferor(s), transferee(s),
members, surviving joint holders / legal heirs be
furnished to the Company, while obtaining the
services of transfer, transposition, transmission and
LVVXHRIGXSOLFDWHVKDUHFHUWLoFDWHV
Payment of dividend through National Electronic

Clearing Service (NECS)
b.
iv. Subdivision of shares

The Company had subdivided the face value of its
Equity Shares from ` 100 to ` 10 in 1999. The old shares
having face value of ` 100 are no longer tradable
on the Stock Exchanges. Members holding share
FHUWLoFDWHVRIWKHIDFHYDOXHRI` 100 are requested to
VHQGWKHFHUWLoFDWHVWRWKH6KDUH'HSDUWPHQWRIWKH
Unclaimed Dividends
The Company is required to transfer dividends
which have remained unpaid / unclaimed
for a period of seven years to the Investor
Education & Protection Fund (IEPF) established
by the Government. The Company will, in
June 2016 and in September 2016 transfer
to the said fund, the dividends for the years
ended December 31, 2008 (71st Final) and
December 31, 2009 (72nd Interim) which have
remained unclaimed / unpaid.
The dates by which the dividend amounts will be transferred to IEPF are as under:
Financial Year
Date of Declaration
Rate of Dividend per

share (`)
Due date for transfer

to IEPF
31.12.2008 (71st Final)
08.04.2009
10.00
12.06.2016
31.12.2009 (72nd Interim)
23.07.2009
10.00
26.09.2016
31.12.2009 (72nd Final)
08.04.2010
13.00
12.06.2017
31.12.2010 (73rd Interim)
22.07.2010
10.00
25.09.2017
31.12.2010 (73rd Final)
13.04.2011
20.50
17.06.2018
31.12.2011 (74th Interim)
28.07.2011
11.00
30.09.2018
31.12.2011 (74th Final)
28.03.2012
17.00
01.06.2019
97
ACC Limited
Financial Year
Date of Declaration
Rate of Dividend per

share (`)
Due date for transfer

to IEPF
31.12.2012 (75th Interim)
26.07.2012
11.00
29.09.2019
31.12.2012 (75th Final)
05.04.2013
19.00
09.06.2020
31.12.2013 (76th Interim)
25.07.2013
11.00
28.09.2020
31.12.2013 (76th Final)
09.04.2014
19.00
13.06.2021
31.12.2014 (77th Interim)
24.07.2014
15.00
27.09.2021
31.12.2014 (77th Final)
20.03.2015
19.00
24.05.2022
31.12.2015 (78th Interim)
17.07.2015
11.00
20.09.2022
Individual reminders are sent each year to those Members

whose dividends have remained unclaimed for a period of
seven years from the date they became due for payment,
before transferring the monies to the Investor Education
& Protection Fund (IEPF). The information on unclaimed
dividend is also posted on the website of the Company as
aforesaid.
vi. Transfer of Underlying Shares into Investor
Education and Protection Fund (IEPF) (in cases where
unclaimed dividends have been transferred to IEPF
for a consecutive period of seven years)
Members attention is invited to Regulation 39(4) and
Schedule VI of the SEBI Regulations. As per the said
Regulations, in cases where unclaimed dividends
have been transferred to Investor Education and
Protection Fund (IEPF) for a consecutive period of
seven years, the underlying shares are also required
to be transferred to IEPF. The said Regulation has
come into effect from December 1, 2015.
vii. Dealing with securities which have remained unclaimed
Members are hereby informed
that as per
Regulation 39(4) read with Schedule VI of the
SEBI Regulations, the Company is in the process
of dematerializing unclaimed shares which are
retained with the Company. These shares would
be held by the Company on behalf of the holders
of such shares in an Unclaimed Suspense Account
to be opened with a depository. At the end of seven
years,hereof, these shares shall be transferred by
the Company to the IEPF. Dividends remaining
unclaimed in respect of such shares shall also be held
98
in a separate suspense account and would likewise

be transferred to IEPF at the end of seven years.
The Company has sent out reminders to those
0HPEHUV ZKRVH VKDUH FHUWLoFDWHV KDYH UHPDLQHG
unclaimed, to contact the Company immediately in
the matter.
Members may note that the lawful claimant in
respect of these shares / dividend will be able to
claim such shares dividend from the Company till
such time they remain in the Unclaimed suspense
account as aforesaid.
viii. Pending Investors Grievances
Any Member / Investor whose grievance has not
been resolved satisfactorily, may kindly write to
the Company Secretary & Head Compliance at
WKH 5HJLVWHUHG 2IoFH ZLWK D FRS\ RI WKH HDUOLHU
correspondence.
ix. Reconciliation of Share Capital Audit
As required by the Securities & Exchange Board
of India (SEBI), quarterly audit of the Companys
share capital is being carried out by an independent
external auditor with a view to reconcile the total
share capital admitted with National Securities
Depository Limited (NSDL) and Central Depository
Services (India) Limited (CDSL) and held in physical
form, with the issued and listed capital. The Auditors
&HUWLoFDWH LQ UHJDUG WR WKH VDPH LV VXEPLWWHG WR
BSE Limited and The National Stock Exchange of
India Limited and is also placed before Stakeholders
Relationship Committee and the Board of Directors.
Corporate Overview
Distribution of Shareholding as on December 31, 2015

No of shares
slab
No. of
share
holders
No. of Shares
Physical
% of
share
capital
NSDL
% of
share
capital
CDSL
% of Total No. of % of
share
shares
share
capital
capital
1-50
63991
59.84
244835
0.13
687512
0.37
206088
0.11
1138435
0.61
51-100
13489
12.61
266655
0.14
685717
0.37
156453
0.08
1108825
0.59
101-200
10493
9.81
434366
0.23
950655
0.51
187990
0.10
1573011
0.84
201-500
9521
8.90
836402
0.45
1967536
1.05
340939
0.18
3144877
1.68
501-1000
4590
4.29
803311
0.43
2183352
1.16
340156
0.18
3326819
1.77
1001-5000
3996
3.74 1791730
0.95
5635959
3.00
756190
0.40
8183879
4.36
5001-10000
441
0.41
0.25
2354174
1.25
232807
0.12
3061446
1.63
>10000
413
0.39 2062798
1.10 163695166
87.19
450100
0.24 166208064
88.53
106934
100.00 6914562
3.68 178160071
94.90 2670723
1.42 187745356
100.00
Total
474465
Distribution of Shareholding as on December 31, 2015
The Company has entered into agreements with both National Securities Depository Limited (NSDL) and Central
Depository Services (India) Limited (CDSL) whereby Members have an option to dematerialize their shares with either
of the depositories.
Members holding shares in physical mode are urged in their own interest to hold these shares in dematerialized form
with any Depository Participant.
99
ACC Limited
Shareholding Pattern as on December 31, 2015

Category
No. of Shares held
Promoter
i.
ii.
Holderind Investments Ltd.
9,38,88,120
50.01
5,41,000
0.29
14,66,699
0.78
50.30
Banks, Financial Institutions, Insurance

Companies & Mutual Funds
i.
Banks
ii.
Financial Institutions
2,55,91,932
13.63
iii.
Insurance Companies
iv.
Mutual Funds
69,01,246
3.68
18.09
Central & State Governments
2,87,815
0.15
Foreign Institutional Investors
2,28,34,842
12.16
10,24,536
0.55
0.00
3,52,09,166
18.75
18,77,45,356
100.00
NRIs / Foreign Nationals

Directors
Public and Others
TOTAL
Shareholding Pattern as on December 31, 2015
The Company is a subsidiary of Holcim (India) Private Limited and an ultimate subsidiary of LafargeHolcim Ltd.,
Switzerland (formerly Holcim Limited, Switzerland).
100
Corporate Overview
Statement showing Shareholding of more than 1% of the Capital as on December 31, 2015
Sr.
No.
1
Names of the shareholders
Number of
shares
Percentage of
Capital
94429120
50.30
Promoter:
93888120
Holderind Investments Ltd.
541000
Life Insurance Corporation of India
22174751
11.81
Aberdeen Global Indian Equity (Mauritius) Limited
3768936
2.01
JP Morgan Sicav Investment Company (Mauritius) Limited
2546356
1.36
JP Morgan India Fund
2115988
1.13
125035151
66.61
TOTAL
Global Depository Receipts (GDR) / American Depository Receipts (ADR) / Warrants or any Convertible instrument,
conversion dates and likely impact on Equity
NIL
Particulars of past three Annual General Meetings
AGM
Financial Year
79th
Calendar Year 2014
78th
Calendar Year 2013
77th
Calendar Year 2012
Venue
Birla Matushri Sabhagar,

19, Sir Vithaldas Thackersey
Marg, Mumbai 400 020
Date
Time
Special Resolutions
passed
20.03.2015
3.00 p.m.
No Special Resolution
was passed
09.04.2014
3.00 p.m.
was passed
05.04.2013
3.00 p.m.
was passed
Extraordinary General Meeting (EGM)

No Extraordinary General Meeting was held during the period under reference.
Details of Resolution passed through postal ballot, the persons who conducted the postal ballot exercise and details of
the voting pattern
During the year under review, no resolution has been passed through the exercise of postal ballot.
101
ACC Limited
FINANCIAL CALENDAR 2016:

Board Meeting for consideration of Accounts for February 10, 2016
WKH oQDQFLDO \HDU HQGHG 'HFHPEHU DQG
recommendation of dividend
Posting of Annual Reports
On or before March 19, 2016
Book Closure Dates
February 24, 2016 to February 29, 2016

(both days inclusive)
Last date for receipt of Proxy Forms
April 11, 2016 before 3.00 p.m.
Date, Time & Venue of the 80th Annual General April 13, 2016 at 3.00 p.m.
Meeting
Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg,
Mumbai 400 020
Dividend Payment Date
April 20, 2016
Probable date of despatch of warrants
On or before April 19, 2016
Board Meeting for consideration of unaudited :LWKLQ IRUW\ oYH GD\V IURP WKH HQG RI WKH TXDUWHU DV
TXDUWHUO\ UHVXOWV IRU WKH oQDQFLDO \HDU HQGHG stipulated under the SEBI (Listing Obligations and Disclosure
December 31, 2016
Requirements) Regulations, 2015 with the Stock Exchanges
$XGLWHGUHVXOWVIRUWKHFXUUHQWoQDQFLDO\HDUHQGLQJ
December 31, 2016
Within sixty days from the end of the last quarter, as

stipulated under the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 with the Stock Exchanges
For and on behalf of the Board
N S Sekhsaria
Chairman
Mumbai
February 10, 2016
102
Corporate Overview
Compliance with Code of Business Conduct and Ethics

As provided under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board Members
DQG WKH 6HQLRU 0DQDJHPHQW 3HUVRQQHO KDYH FRQoUPHG FRPSOLDQFH ZLWK WKH &RGH RI &RQGXFW IRU WKH \HDU HQGHG
December 31, 2015.
For ACC Limited
Harish Badami
&KLHI([HFXWLYH2IoFHU 0DQDJLQJ'LUHFWRU

Mumbai
February 10, 2016
&+,()(;(&87,9(2)),&(5&(2 &+,()),1$1&,$/2)),&(5&)2&(57,),&$7,21

:HWKHXQGHUVLJQHGLQRXUUHVSHFWLYHFDSDFLWLHVDV&KLHI([HFXWLYH2IoFHU 0DQDJLQJ'LUHFWRUDQG&KLHI)LQDQFLDO
2IoFHURI$&&/LPLWHGkWKH&RPSDQ\yWRWKHEHVWRIRXUNQRZOHGJHDQGEHOLHIFHUWLI\WKDW
D
:H KDYH UHYLHZHG oQDQFLDO VWDWHPHQWV DQG WKH FDVK pRZ VWDWHPHQW IRU WKH oQDQFLDO \HDU HQGHG
December 31, 2015 and that to the best of our knowledge and belief, we state that:
i.
these statements do not contain any materially untrue statement or omit any material fact or contain any
statements that might be misleading;
ii.
these statements together present a true and fair view of the Companys affairs and are in compliance with
existing accounting standards, applicable laws and regulations.
b.
We further state that to the best of our knowledge and belief, there are no transactions entered into by the
Company during the year, which are fraudulent, illegal or violative of the Companys Code of Business Conduct.
F
:H KHUHE\ GHFODUH WKDW DOO WKH PHPEHUV RI WKH %RDUG RI 'LUHFWRUV DQG ([HFXWLYH &RPPLWWHH KDYH FRQoUPHG
compliance with the Code of Business Conduct as adopted by the Company.
G :H DUH UHVSRQVLEOH IRU HVWDEOLVKLQJ DQG PDLQWDLQLQJ LQWHUQDO FRQWUROV IRU oQDQFLDO UHSRUWLQJ DQG WKDW ZH KDYH
HYDOXDWHGWKHHIIHFWLYHQHVVRILQWHUQDOFRQWUROV\VWHPVRIWKH&RPSDQ\SHUWDLQLQJWRoQDQFLDOUHSRUWLQJRIWKH
&RPSDQ\ DQG KDYH GLVFORVHG WR WKH $XGLWRUV DQG $XGLW &RPPLWWHH GHoFLHQFLHV LQ WKH GHVLJQ RU RSHUDWLRQ RI
internal controls, if any, of which we are aware and the steps we have taken or proposed to take to rectify these
GHoFLHQFLHV
e.
We have indicated, based in our most recent evaluation, wherever applicable, to the Auditors and the Audit
Committee:
L
VLJQLoFDQWFKDQJHVLIDQ\LQLQWHUQDOFRQWURORYHUoQDQFLDOUHSRUWLQJGXULQJWKH\HDU
LL
VLJQLoFDQWFKDQJHVLIDQ\LQWKHDFFRXQWLQJSROLFLHVGXULQJWKH\HDUDQGWKDWWKHVDPHKDVEHHQGLVFORVHGLQ
WKHQRWHVWRWKHoQDQFLDOVWDWHPHQWVDQG
LLL LQVWDQFHV RI VLJQLoFDQW IUDXG RI ZKLFK ZH KDYH EHFRPH DZDUH DQG WKH LQYROYHPHQW WKHUHLQ LI DQ\ RI WKH
PDQDJHPHQW RU DQ HPSOR\HH KDYLQJ VLJQLoFDQW UROH LQ WKH &RPSDQ\
V LQWHUQDO FRQWURO V\VWHP RYHU WKH
oQDQFLDOUHSRUWLQJ
Yours faithfully
Harish Badami
&(2 0DQDJLQJ'LUHFWRU
Sunil Nayak
Mumbai
February 10, 2016
103
ACC Limited
AUDITORS CERTIFICATE
To
The Members of ACC Limited
We have examined the compliance of conditions of corporate governance by ACC Limited, for the year ended on
December 31, 2015 as stipulated in Chapter IV of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 pursuant to the Listing Agreement of the said Company with stock
exchanges.
The compliance of conditions of corporate governance is the responsibility of the management. Our examination
was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the
FRQGLWLRQVRIWKH&RUSRUDWH*RYHUQDQFH,WLVQHLWKHUDQDXGLWQRUDQH[SUHVVLRQRIRSLQLRQRQWKHoQDQFLDOVWDWHPHQWV
of the Company.
In our opinion and to the best of our information and according to the explanations given to us, we certify that the
&RPSDQ\ KDV FRPSOLHG ZLWK WKH FRQGLWLRQV RI &RUSRUDWH *RYHUQDQFH DV VWLSXODWHG LQ WKH SURYLVLRQV DV VSHFLoHG LQ
Chapter IV of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 pursuant to the Listing Agreement of the said Company with stock exchanges.
:HIXUWKHUVWDWHWKDWVXFKFRPSOLDQFHLVQHLWKHUDQDVVXUDQFHDVWRWKHIXWXUHYLDELOLW\RIWKH&RPSDQ\QRUWKHHIoFLHQF\
or effectiveness with which the management has conducted the affairs of the Company.
)RU65%& &2//3
Chartered Accountants
ICAI Firm registration number: 324982E
per Ravi Bansal
Partner
Membership No.: 49365
Mumbai
February 10, 2016
104
Corporate Overview
BUSINESS RESPONSIBILITY REPORT FOR THE FINANCIAL YEAR 2015

Section A: General Information about the Company
1.
Corporate Identity Number (CIN)
L26940MH1936PLC002515
2.
Name of the Company
ACC Limited
3.
Registered Address
Cement House
121, Maharshi Karve Road
Mumbai 400 020
4.
Website
www.acclimited.com
5.
E-mail id
brr.info@acclimited.com
6.
Financial Year reported
January 1, 2015 to December 31, 2015
7.
Sector(s) that the Company is engaged in (industrial activity code wise):
8.
Group
Class
Sub class
269
2694
26942
Description
Manufacture of Portland Cement
List three key product/services that the Company manufactures/provides (as in balance sheet):
The Company manufactures cement of various kinds viz. Ordinary Portland Cement (OPC), Portland Pozzolana
Cement (PPC) and Portland Slag Cement (PSC) and Ready Mixed Concrete (RMX).
9.

Total number of locations where business activity is undertaken by the Company:

i.
Number of international locations
Nil
ii.

Number of national locations

:

17 Cement Plants, 50 Ready Mixed Concrete Plants,

DQG2IoFHVLQFOXGLQJ5HJLVWHUHG2IoFH5HJLRQDO
2IoFHVDQG6DOHV2IoFHV
Pan India across all markets in India.

10. Markets served by the Company
Section B: Financial Details of the Company

1.
Paid up capital (INR)
` 187.95 Crore
2.
Total turnover (INR)
` 11,432.76 Crore
` 591.57 Crore
7RWDOSURoWDIWHUWD[HV,15
7RWDOVSHQGLQJRQ&RUSRUDWH6RFLDO5HVSRQVLELOLW\&65DVSHUFHQWDJHRISURoWDIWHUWD[

7KH&RPSDQ\
VWRWDOVSHQGLQJRQ&65LVRIWKHDYHUDJHQHWSURoWLQWKHSUHYLRXVWKUHHoQDQFLDO\HDUV
105
ACC Limited
/LVWRIDFWLYLWLHVLQZKLFKH[SHQGLWXUHLQDERYHKDVEHHQLQFXUUHG
a.
b.
c.
d.
e.
f.
g.
h.
i.
ACC - DISHA
ACC - LIESA
ACC - Swavlamban
ACC - Vidya Utkarsh
ACC - Vidya Sarathi
ACC - Arogyam
ACC - Sampoorn Swachhata
ACC - Sanrakshit Paryavaran
ACC - Drona
Section C: Other Details

1.
Does the Company have any Subsidiary Company / Companies?

Yes, the Company has 5 subsidiaries, viz:
a. ACC Mineral Resources Limited
b. Bulk Cement Corporation (India) Limited
c. Lucky Minmat Limited
d. National Limestone Company Private Limited
e. Singhania Minerals Private Limited
2.
Do the Subsidiary Company / Companies participate in the BR initiatives of the parent Company? If yes, then
indicate the number of such subsidiary company(s)?
Business Responsibility initiatives of the parent company are applicable to all subsidiary companies.
3.
Do any other entity / entities (e.g. suppliers, distributors etc) that the Company does business with, participate in
WKH%5LQLWLDWLYHVRIWKH&RPSDQ\",I\HVWKHQLQGLFDWHWKHSHUFHQWDJHRIVXFKHQWLW\HQWLWLHV">/HVVWKDQ
0RUHWKDQ@
&65LQLWLDWLYHk$&&NL/DDGOLyXQGHUWKH9LG\D8WNDUVKSURMHFWLVDpDJVKLSHGXFDWLRQLQLWLDWLYHRI$&&
V&65LQWKH
Northern region. Partnering with an NGO, this initiative has been undertaken to establish learning centres for girl
children in the age group 6-14 years. About 1,513 girl children, especially those who dropped out of school and
belonging to marginalized and deprived sections of the society are enrolled in these schools and are given quality
primary education. The aim is to bring mainstream education for these girls and prepare them to appear for Class
V exam of the State level.
The project receives contributions from Cement Dealers in the Northern Region in the form of Lakshya Points
secured by them in appreciation for their achievements of business targets from ACC. The points are then redeemed
E\WKHPDVoQDQFLDOLQSXWVLQWRWKLVSURMHFW
The project implementation started in October 2013 and so far 50 learning centres have been set up in different
parts of Uttar Pradesh, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan, Haryana and Uttarakhand and
teaching is continuing in these centres since then.
106
Corporate Overview
Section D: BR Information
1.
Details of Director / Directors responsible for BR:

a)
Details of the Director / Directors responsible for implementation of the BR Policy / Policies:
'LUHFWRU,GHQWLoFDWLRQ1XPEHU',1

Name: Mr Harish Badami
'HVLJQDWLRQ&KLHI([HFXWLYH2IoFHU 0DQDJLQJ'LUHFWRU
b)
2.
Details of the BR Head:

Sr.
No
Particulars
Details
DIN (if applicable)
NA
Name
Mr Burjor D Nariman
Designation
&RPSDQ\6HFUHWDU\ +HDG&RPSOLDQFH
Telephone Number
(022) 3302 4321 / 3302 4329
E mail Id
brr.info@acclimited.com
Principle-wise (as per NVGs) BR Policy / Policies (Reply in Y/N):

The National Voluntary Guidelines (NVGs) on Social, Environmental and Economic Responsibilities of Business
UHOHDVHGE\WKH0LQLVWU\RI&RUSRUDWH$IIDLUVKDVDGRSWHGQLQHDUHDVRI%XVLQHVV5HVSRQVLELOLW\7KHVHEULHp\DUH
as under:
P1 - Businesses should conduct and govern themselves with Ethics, Transparency and Accountability.
P2 - Businesses should provide goods and services that are safe and contribute to sustainability throughout their
life cycle.
P3 - Businesses should promote the well being of all employees.
P4 - Businesses should respect the interests of and be responsive towards all stakeholders, especially those who
are disadvantaged, vulnerable and marginalized.
P5 - Businesses should respect and promote human rights.
P6 - Businesses should respect, protect and make efforts to restore the environment.
P7 %XVLQHVVHVZKHQHQJDJHGLQLQpXHQFLQJSXEOLFDQGUHJXODWRU\SROLF\VKRXOGGRVRLQDUHVSRQVLEOHPDQQHU
P8 - Businesses should support inclusive growth and equitable development.
P9 - Businesses should engage with and provide value to their customers and consumers in a responsible manner.
107
Stakeholder
(QJDJHPHQW &65
Human Rights
Environment
Public Policy
CSR
Customer
Relations
1 Do you have a policy / policies for....
Wellbeing of
Employees
Questions
Product
Responsibility
Sr
No
Business Ethics
ACC Limited
P1
P2
P3
P4
P5
P6
P7
P8
P9
Note 2
Y**
Y
Note 1
2 Has the policy been formulated in consultation with the relevant

Y
Y
Y
stakeholders?
Y
Y
3 Does the policy conform to any national / international standards?
Y
Y
Note 3
Note 4
If yes, specify? (50 words)
4 Has the policy been approved by the Board? If yes, has it been signed
Y
N
Y
Note 6
by MD / owner / CEO / appropriate Board Director?
Y
Y
Y
5 'RHVWKH&RPSDQ\KDYHDVSHFLoHG&RPPLWWHHRIWKH%RDUG'LUHFWRU Y
Note 7
2IoFLDOWRRYHUVHHWKHLPSOHPHQWDWLRQRIWKHSROLF\"
6 Indicate the link for the policy to be viewed online?
*
#
7 Has the policy been formally communicated to all relevant internal
Y
Y
Y
and external stakeholders?
8 Does the Company have in-house structure to implement the
Y
Y
Y
Y
policy /policies?
Note 8
Y
Y
Y
9 Does the Company have a grievance redressal mechanism related
to the policy / policies to address stakeholders grievances related
to the policy /policies?
10 Has the Company carried out independent audit/evaluation of the
Y
N
Y
working of this policy by an internal or external agency?
Note 9
Note 5
Y
Refer
Note
10
Y
#
Y
Refer
Note
11
,IDQVZHUWR6U1RDJDLQVWDQ\SULQFLSOHLVC1R
SOHDVHH[SODLQZK\7LFNXSWRRSWLRQV
1

4
5
6
The Company has not understood the principles

7KH&RPSDQ\LVQRWDWDVWDJHZKHUHLWoQGVLWVHOILQDSRVLWLRQWRIRUPXODWHDQGLPSOHPHQWWKHSROLFLHVRQVSHFLoHGSULQFLSOHV
7KH&RPSDQ\GRHVQRWKDYHoQDQFLDORUPDQSRZHUUHVRXUFHVDYDLODEOHIRUWKHWDVN
It is planned to be done within next six months
It is planned to be done within next one year
Any other reason (please specify)
KWWSZZZDFFOLPLWHGFRPQHZVLWHoQDQFHDVS"WDJ FEF
# http://www.acclimited.com/newsite/pdf/Policy/ACCCSRPolicy_2015SignedbyMD.pdf
** http://www.acclimited.com/newsite/pdf/Policy/ACCCorporate_EnvironmentPolicy2015.pdf
Note 1:
Note 2:
Note 3:
Note 4:
7KHSROLF\LVHPEHGGHGLQWKH&RPSDQ\
VTXDOLW\ HQYLURQPHQWSROLFLHVZKLFKLQWHUDOLDUHODWHWRVDIH VXVWDLQDEOHSURGXFWV
The policy is embedded in the Companys Code of Business Conduct, HR policies and various other HR practices.
Bureau of Indian Standards (BIS).
This policy conforms to guidelines of Companies Act, 2013. In addition, the Policy is also in conformity with the Sustainable
Development Goals (SDGs). All our projects are mapped to concerned SDGs and its related targets.
Note 5: Policy conforms to guidelines of Companies Act, 2013. In addition, the Policy is also in conformity with the Sustainable
Development Goals (SDGs). All our projects are mapped to concerned SDGs and its related targets
1RWH$OOHPSOR\HHUHODWHGSROLFLHVDUHGLVFXVVHGDQGDSSURYHGE\WKH0DQDJHPHQW([HFXWLYH&RPPLWWHHKHDGHGE\WKH&(2 0'
and its implementation monitored by Human Resources Division.
Note 7: At Executive Committee Meetings.
Note 8: The Company has a redressal mechanism to address product related complaints i.e. customer complaint portal.
Note 9: Compliance reports from designated employees which is audited by Statutory Auditors.
Note 10:7KH&RPSDQ\KDVDWUDFNUHFRUGRISLRQHHULQJDFKLHYHPHQWVORQJH[SHULHQFHDQGOHDGHUVKLSSRVLWLRQZKLFKKDVEHQHoWWHG
the cement industry at large in initiating dialogue with the Government. However, no need for a formal policy has been felt.
Note 11: 7KH&RPSDQ\KDVDV\VWHPDWLFSURFHVVRIDVVHVVLQJFXVWRPHUQHHGVIXOoOOLQJWKHPZLWKLQQRYDWLYHSURGXFWVDQGVHUYLFHV,W
also has a customer complaint redressal system.
108
Corporate Overview
3.
Governance related to BR:

Indicate the frequency with which the Board of Directors, Committee of the Board or CEO meet to assess the
BR performance of the Company. Within 3 months, 3-6 months, Annually, More than 1 year.
3 to 6 months.
Does the Company publish a BR or a Sustainability Report? What is the hyper-link for viewing this report?
How frequently it is published?
Yes, the Company releases a Sustainable Development (SD) Report every year. The Company was publishing a
printed version of the SD Report in a two year cycle. Since 2013, the Company has been releasing the printed
version every year. BRR is included in the Annual Report. This report constitutes the Companys Fourth
Business Responsibility Report. The hyper-link for viewing the Sustainability Report of the Company is
http://www.acclimited.com/newsite/sdevelopment.asp.
Section E: Principle-wise Performance

Principle 1: Business should conduct and govern themselves with Ethics, Transparency and Accountability.
'RHVWKHSROLF\UHODWLQJWRHWKLFVEULEHU\DQGFRUUXSWLRQFRYHURQO\WKH&RPSDQ\"<HV1R'RHVLWH[WHQGWRWKH
Group / Joint Ventures / Suppliers / Contractors / NGOs / Others?
The Company considers Corporate Governance as an integral part of good management. The Company has a
Code of Business Conduct (along with an anti-Bribery and Corruption Directive) and a vigil mechanism named
EthicalView Reporting Policy that are approved by the Board of Directors. These are applicable to all Board Members
DQGHPSOR\HHVRIWKH&RPSDQ\DQGDOOLWVVXEVLGLDULHVDQGDQDQQXDODIoUPDWLRQLVWDNHQIURPWKHGHVLJQDWHG
employees. The Anti Bribery and Corruption Directive and the EthicalView Reporting Policy also extends to the
Companys business partners viz. vendors/service providers/customers. The Code is available on the Companys
ZHEVLWHDWWKLVZHEDGGUHVVKWWSZZZDFFOLPLWHGFRPQHZVLWHoQDQFHDVS"WDJ FEF
+RZ PDQ\ VWDNHKROGHU FRPSODLQWV KDYH EHHQ UHFHLYHG LQ WKH SDVW oQDQFLDO \HDU DQG ZKDW SHUFHQWDJH ZDV
satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so.
The Company received 88 complaints under the EthicalView Reporting Policy, out of which 57 were resolved and
the balance 31 complaints are under various stages of investigation and completion.
Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout
their life cycle.
1.
List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks
and / or opportunities.
Blended cements viz. Portland Pozzolana Cement (PPC) and Portland Slag Cement (PSC). The Company also uses
industrial/municipal hazardous waste as alternative fuel. The Company uses biomass in its manufacturing process.
109
ACC Limited
2.
For each such product, provide the following details in respect of resource use (energy, water, raw material etc) per
unit of product (optional):
i.
Reduction during sourcing / production / distribution achieved since the previous year throughout the value
chain:
Consumption per unit of production
Electrical Energy (kWh/ Tonne of Cement)
Thermal Energy (K Cal / kg of Clinker)
CO2 Emissions (kg CO2 / Tonne of Cement)
ii.
Current Year
Previous Year
(January December 2015) (January December 2014)
84.45
80
730
730
533
526
Reduction during usage by consumers (energy, water) has been achieved since the previous year.
The Companys products do not have any broad based impact on energy. However, as the cement manufacturing
process is highly energy intensive, the Company takes several measures to reduce thermal and electrical
energy consumption.
3.
Does the Company have procedures in place for sustainable sourcing (including transportation)? If yes, what
percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so.
Yes, all the Companys integrated plants are situated close to limestone mines which helps minimize
transportation. The Company deploys sustainable mining practices. Most bulk materials are transported inward by
UDLO%OHQGHG&HPHQWVDUHPDQXIDFWXUHGXVLQJp\DVKVODJZKLFKDUHE\SURGXFWVZDVWHVRIRWKHULQGXVWULHV)O\
ash and slag are not environmentally friendly and need to be disposed off in a careful manner.
In the manufacture of clinker, the company utilizes Alternative Fuel and Raw Materials (AFR) which help conserve
natural resources. The Company encourages procurement through vendors who adopt sustainable practices.
4.
Has the Company undertaken any steps to procure goods and services from local and small producers, including
communities surrounding their place of work? If yes, what steps have been taken to improve the capacity and
capability of local and small vendors?
The Company has a policy of procuring goods and services like horticulture, housekeeping and the like from nearby
suitable sources of supply.
5.
Does the Company have a mechanism to recycle products and waste? If yes, what is the percentage of recycling of
SURGXFWVDQGZDVWH"6HSDUDWHO\DV!$OVRSURYLGHGHWDLOVWKHUHRILQDERXWZRUGVRUVR
7KHFHPHQWPDQXIDFWXULQJSURFHVVGRHVQRWGLUHFWO\GLVFKDUJHDQ\VLJQLoFDQWHIpXHQWRUZDVWH
ACC has the facility of consuming used cement bags as Alternate Fuel in some of the manufacturing units. The
location of cement plants are far away from markets, a very low percentage of used bags get recycled at the Plants.
About 85% of cement manufactured by the Company comprises blended cement which is produced using slag and
p\DVKZKLFKDUHZDVWHVIURPRWKHULQGXVWULDOSURFHVVHV
Recognizing the urgent need to address global problems of increasing paucity of fossil fuels and rampant practices
of unsustainable waste disposal, the Company has pioneered the use of industrial, municipal and agricultural
wastes as Alternative Fuels and Raw Materials (AFR) in India.
110
Corporate Overview
Principle 3: Businesses should promote the well-being of all employees.

1.
Please indicate total number of employees:

Sr. No. Category of Employees
1.
ACC
2.
Concrete Business
No. of Employees
7,604
764
Total
2.
8,368
Please indicate total number of employees hired on temporary / contractual / casual basis:
Sr. No.
Category of Employees
No. of Employees
1.
Retainers / Advisors
64
2.
Subcontracted Employees
3.
Third Party Employees
4.
Casual Employees
7,831
34
Total
3.
7,929
Please indicate the number of permanent women employees:

Number of permanent women employees: 332
4.
Please indicate the number of permanent employees with disabilities:

Number of permanent employees with disabilities: 29
5.
Do you have an employee association that is recognized by the Management?

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V 6KRS )ORRU
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6.
What percentage of permanent employees is members of this recognized employee association?

Approximately 47% of permanent employees are members of recognized employee associations.
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KDUDVVPHQWLQWKHODVWoQDQFLDO\HDUDQGWKRVHSHQGLQJDVRQWKHHQGRIWKHoQDQFLDO\HDU
Sr. Category
No.
1
Child labour / forced labour / involuntary labour
Sexual Harassment
Discriminatory employment
1R RI FRPSODLQWV oOHG No of complaints pending as

GXULQJWKHoQDQFLDO\HDU RQHQGRIWKHoQDQFLDO\HDU
NIL
NIL
NIL
NIL
111
ACC Limited
8.
What percentage of undermentioned employees were given safety and skill up-gradation training in the last year?
A.
Permanent employees
68%
B.
Permanent women employees
36%
C.
Casual / Temporary / Contractual employee
NIL
D.
Employees with disabilities
40%
Principle 4: Businesses should respect the interests of and be responsive towards all stakeholders, especially those who
are disadvantaged, vulnerable and marginalized.
+DVWKH&RPSDQ\PDSSHGLWVLQWHUQDODQGH[WHUQDOVWDNHKROGHUV"<HV1R
Yes, the Company has mapped its stakeholders as a part of its stakeholder engagement strategy development
process.
2XWRIWKHDERYHKDVWKH&RPSDQ\LGHQWLoHGWKHGLVDGYDQWDJHGYXOQHUDEOHDQGPDUJLQDOL]HGVWDNHKROGHUV"
<HVWKH&RPSDQ\KDVLGHQWLoHGWKHGLVDGYDQWDJHGYXOQHUDEOHDQGPDUJLQDOL]HGVWDNHKROGHUVZLWKWKHKHOSRI
socio-demographic data of the community through base line surveys.
3.
Are there any special initiatives taken by the Company to engage with the disadvantaged, vulnerable and
marginalized stakeholders? If so, provide details thereof, in about 50 words or so.
The Company continues to run two Anti-Retroviral Therapy (ART) centers to support people affected by HIV/AIDS
through medical treatment and counselling. The Company has also supported patients by organizing them in Self
Help Groups and through life skills development programmes and by providing nutritional support to HIV infected
as positive cases. In addition, quality education is being provided to school going children from affected families.
The Company has enhanced the access to healthcare for the community through health camps and mobile health
clinics. The Company also jointly works with the local district administration for promoting national campaigns on
DOTS for TB, Malaria prevention and immunization.
The Companys pilot initiative for energy security in remote tribal areas and educational support to dropout girl
children are some of the other special initiatives undertaken to engage with the vulnerable and marginalized
stakeholders. Some noteworthy Projects are Solar Micro Grids for household electricity supply, Project DISHA for
oYHWKRXVDQG\RXWKIRUPDWLRQRIDIDUPHUSURGXFHUFRPSDQ\DQGD6+*FRRSHUDWLYHIHGHUDWLRQ
Principle 5: Businesses should respect and promote human rights.

'RHVWKHSROLF\RIWKH&RPSDQ\RQKXPDQULJKWVFRYHURQO\WKH&RPSDQ\RUH[WHQGWRWKH*URXS-RLQW9HQWXUHV
/ Suppliers / Contractors / NGOs / Others?
All aspects of the human rights are inbuilt and covered under the Companys Code of Business Conduct as well in
various human resource practices / policies.
+RZPDQ\VWDNHKROGHUFRPSODLQWVKDYHEHHQUHFHLYHGLQWKHSDVWoQDQFLDO\HDUDQGZKDWSHUFHQWZDVVDWLVIDFWRULO\
resolved by the Management?
NIL
112
Corporate Overview
Principle 6: Businesses should respect, protect and make efforts to restore the environment
'RHVWKHSROLF\UHODWHGWR3ULQFLSOHFRYHURQO\WKH&RPSDQ\RUH[WHQGVWRWKH*URXS-RLQW9HQWXUHV6XSSOLHUV
/ Contractors / NGOs / others?
The Companys Corporate Environment Policy extends to cover the Company and its subsidiaries.
2.
Does the Company have strategies / initiatives to address global environmental issues such as climate change,
global warming etc? Y/N. If yes, please give hyper-link for webpage etc.
Yes, the Company is committed to reduce GHGs emissions and has a clear roadmap to achieve this. The hyperlink
for the same is http://www.acclimited.com/newsite/sdevelopment.asp
3.
Does the Company identify and assess potential environmental risks? Y/N
Yes, the Company has a mechanism to identify and assess potential environmental risks in its plants and in respect
of its projects.
4.
Does the Company have any project related to Clean Development Mechanism (CDM)? If so, provide details
WKHUHRILQDERXWZRUGVRUVR$OVRLI\HVZKHWKHUDQ\HQYLURQPHQWDOFRPSOLDQFHUHSRUWLVoOHG"
Yes, the Company has three registered projects under the Clean Development Mechanism (CDM). Environmental
&RPSOLDQFH 5HSRUW 9DOLGDWLRQ 9HULoFDWLRQ 5HSRUWV KDYH EHHQ oOHG &HUWLoHG (PLVVLRQ 5HGXFWLRQV 5HSRUWV
were issued.
+DVWKH&RPSDQ\XQGHUWDNHQDQ\RWKHULQLWLDWLYHVRQFOHDQWHFKQRORJ\HQHUJ\HIoFLHQF\UHQHZDEOHHQHUJ\HWF"
Y/N. If yes, provide hyper-link to web page etc.
7KH &RPSDQ\ KDV WDNHQ XS VHYHUDO LQLWLDWLYHV RQ FOHDQ WHFKQRORJ\ HQHUJ\ HIoFLHQF\ DQG UHQHZDEOH HQHUJ\
such as the Waste Heat Recovery System (WHRS) at Gagal Cement Works; three wind farms one each in
Maharashtra, Tamil Nadu and Rajasthan and Waste Co-processing in cement plants. The hyperlink for the same is
http://www.acclimited.com/newsite/sdevelopment.asp
6.
Are the Emissions / Waste generated by the Company within the permissible limits given by CPCB / SPCB for the
oQDQFLDO\HDUEHLQJUHSRUWHG"
Yes, the emissions/waste generated by the Company are within the permissible limits prescribed by CPCB/SPCB
7.
Number of show cause / legal notices received from CPCB / SPCB which are pending (i.e. not resolved to satisfaction)
DVRIHQGRIoQDQFLDO\HDU
One.
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1.
Is your Company a member of any trade and chambers of association? If yes, name only those major ones that your
business deals with.
The Company is a Member of:
i.
ii.
iii.
iv.
Confederation of Indian Industry (CII)

Federation of Indian Chambers of Commerce and Industry (FICCI)
Bombay Chamber of Commerce and Industry
Federation of Indian Mineral Industries (FIMI)
113
ACC Limited
2.
Have you advocated / lobbied through above associations for the advancement or improvement of public good?
<HV1R,I\HVVSHFLI\WKHEURDGDUHDVGURSER[*RYHUQDQFHDQG$GPLQLVWUDWLRQ(FRQRPLF5HIRUPV,QFOXVLYH
Development Polices, Energy Security, Water, Food Security, Sustainable Business Principles, Others)
Yes, following are the Broad Areas:
i.
Sustainable Mining Practices
LL
:DVWH0DQDJHPHQWq&RSURFHVVLQJRIPXQLFLSDODQGLQGXVWULDOKD]DUGRXV QRQKD]DUGRXVZDVWHV
iii. Energy Conservation

iv.
Promotion of Concrete Roads
Principle 8: Businesses should support inclusive growth and equitable development.

'RHVWKH&RPSDQ\KDYHVSHFLoHGSURJUDPPHVLQLWLDWLYHVSURMHFWVLQSXUVXLWRIWKHSROLF\UHODWHGWR3ULQFLSOH"
If yes, details thereof.
<HV WKH &RPSDQ\ KDV VSHFLoF SURJUDPPHV LQLWLDWLYHV SURMHFWV LQ SXUVXDQFH RI LWV &65 SROLF\ 7KH &RPSDQ\
engages all sections of the host communities for developing their village through micro plans. Implementation
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CAP helps at all stages of CSR interventions i.e. planning of CSR activities, process monitoring and evaluation. The
Company also engages third party organizations to assist in need assessment and annual evaluations through a
6RFLDO$XGLWSURFHVVEDVHGRQ35$oQGLQJV7KH&65SURMHFWSDUWLFLSDQWVLQFOXGHWKHGLVDGYDQWDJHGYXOQHUDEOHDQG
marginalized sections of society.
The Company has carried out CSR Projects in pursuance of inclusive development, primarily focusing on:
/LYHOLKRRG (PSOR\DELOLW\
2.
Quality of Education
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structure / any other organization?
The Companys CSR Projects are implemented through an internal team as well as in partnership with
Non-Governmental Organizations (NGOs), Academic and Government Institutions.
3.
Have you done any impact assessment of your initiative?

Yes, the Company has conducted impact assessments of its CSR initiatives. A third party Social Audit of all CSR
H[SHQVHVZDVFDUULHGRXW$6RFLDO$XGLW&RPPLWWHHZDVFRQVWLWXWHGZKLFKHQJDJHGDQRUJDQL]DWLRQIRUDoHOG
YLVLW WR DOO SODQW VLWHV %DVHG RQ WKH oQGLQJV RI WKH oHOG YLVLWV WKH LPSOHPHQWDWLRQ HIIHFWLYHQHVV DQG HIoFLHQF\
were mapped on a CSR performance score card which was then incorporated into the Companys performance
management system.
114
Corporate Overview
4.
What is the Companys direct contribution to community development projects - Amount in INR and details of the
projects undertaken?
The Company spent an amount of ` 31.16 Crore in developmental projects as under:
Sr. Focus Areas
No.
5.
Expenditure
(` Crore)
ACC - DISHA
3.71
ACC - LIESA
6.64
ACC - Swavlamban
3.36
ACC - Vidya Utkarsh
5.13
ACC - Vidya Sarathi
0.38
ACC - Arogyam
3.70
ACC - Sampoorn Swachhata
4.14
ACC - Sanrakshit Paryavaran
3.16
ACC - Drona
0.94
Total
31.16
Have you taken steps to ensure that this community development initiative is successfully adopted by the
FRPPXQLW\"3OHDVHH[SODLQLQZRUGV
Yes, the Company follows a participatory approach in the selection of CSR initiatives. A Community Advisory Panel
(CAP), comprising representatives and opinion leaders of the community is functional at plant locations, which
facilitate inclusive project planning, information sharing and participatory implementation.
Stakeholder Engagement Surveys (SES) are conducted at regular intervals to identify feedback of the community,
UHTXLUHG PRGLoFDWLRQV DUH FDUULHG RXW LQ RQJRLQJ LQLWLDWLYH LPSOHPHQWDWLRQ SURMHFWV 7KLV KHOSV LQ IRVWHULQJ
ownership amongst local communities.
All CSR projects follow a bottom up approach to the planning process. Initially, PRA tools are used to develop village
micro-plan so that entire village can participate in the process. While implementing the projects, the CAP meets
on a quarterly basis to review the progress of the projects and suggest course corrections. Annually, a Stakeholder
Engagement Survey (SES) is carried out to meet stakeholders to obtain their feedback for future implementation of
projects.
Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible
manner.
:KDW3HUFHQWDJHRIFXVWRPHUFRPSODLQWVFRQVXPHUFDVHVDUHSHQGLQJDVRQWKHHQGRIoQDQFLDO\HDU"
A total of 285 complaints were received from customers (end-consumers) in 2015, out of which none (amounting
to <1%) was pending as of December 31, 2015.
2.
Does the Company display product information on the product label, over and above what is mandated as per
local laws? Yes / No / N.A. / Remarks (additional information)
Yes, in respect of special products like ACC F2R (Foundation to Roof) Cement etc., apart from the statutory
LQIRUPDWLRQWKHNH\SURGXFWEHQHoWVDUHDOVRKLJKOLJKWHGRQWKHFHPHQWEDJ
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3.
Is tKHUH DQ\ FDVH oOHG E\ DQ\ VWDNHKROGHU DJDLQVW WKH &RPSDQ\ UHJDUGLQJ XQIDLU WUDGH SUDFWLFHV LUUHVSRQVLEOH
DGYHUWLVLQJDQGRUDQWLFRPSHWLWLYHEHKDYLRXUGXULQJWKHODVWoYH\HDUVDQGSHQGLQJDVRQHQGRIoQDQFLDO\HDU"
If so, provide details thereof, in about 50 words or so.
Case No. 29 / 2010
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Association and various cement manufacturers including the Company, for alleged violations of the provisions of
the Competition Act. The CCI based on the Report of DG, held the Company and the other Cement manufacturers
were in contravention of Sec 3(3)(a) and 3(3)(b) r/w Sec 3(1) of the Act and imposed a total penalty of ` 6,317.32
crores, out of which ` 1,147.59 crores was levied on the Company. Appeals were preferred before the Competition
Appellate Tribunal (COMPAT) which were by Order dated December 11, 2015 allowed the appeal and the matters
DUHUHPDQGHGEDFNWR&&,IRUUHKHDULQJ3XUVXDQWWKHUHWR&&,KDVKHDUGDOOWKHPDWWHUVDIUHVKEHWZHHQWK
22nd January, 2016.
Case No. 52 / 2006
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Association and various cement manufacturers including the Company, for alleged violations of the provisions of
the Competition Act. The CCI based on the said Report held the Company and the other Cement manufacturers
were in contravention of Sec 3(3)(a) and 3(3)(b) r.w Sec 3(1) of the Act and has held that the cement companies had
institutionalized the system of sharing the prices, capacities and production among each other using the platform
of CMA, but has not imposed any penalty. Appeals were preferred before the Competition Appellate Tribunal
(COMPAT) which were by Order dated December 11, 2015 allowed the appeal and the matters are remanded back
to CCI for rehearing.
Haryana tender matter Reference Case No. 5 of 2013
7KH'LUHFWRU*HQHUDO6XSSO\ 'LVWULEXWLRQ*RYHUQPHQWRI+DU\DQDoOHGDFRPSODLQWDOOHJLQJELGULJJLQJDJDLQVW
VHYHQFHPHQWPDQXIDFWXUHUVLQFOXGLQJWKH&RPSDQ\LQDWHQGHUIRUFHPHQWpRDWHGE\WKHP7KH'*LQYHVWLJDWLRQ
KDVoOHGLWVUHSRUWKROGLQJWKDWDOOWKH&HPHQW0DQXIDFWXUHUVDJDLQVWZKRPWKHLQYHVWLJDWLRQZDVLQLWLDWHGKDG
ULJJHGWKHELGGLQJSURFHVV7KHREMHFWLRQVWRWKHUHSRUWRI'*DUHWREHoOHGE\0DUFKDQGKHDULQJKDV
EHHQo[HGIRU$SULO
4.
Did your Company carry out any consumer survey / consumer satisfaction trends?
Yes, Customer Satisfaction Survey is carried out by the Company every year.
116
Corporate Overview
ANALYSIS OF STANDALONE FINANCIAL

The following table sets forth the breakup of the Companys expenses as part of the Revenue from operations (Net)
Figures in ` Crore
2015
Net Sales
Other operating revenue
Revenue from operations (net)
Other income
Cost of materials consumed
Purchase of traded goods
&KDQJHVLQLQYHQWRULHVRIoQLVKHGJRRGV
work-in-progress and Stock-in-Trade
(PSOR\HHEHQHoWVH[SHQVH
Power and fuel
Freight and Forwarding expense
Finance costs
Depreciation and amortization expense
Other expenses (including Self Consumption
of cement)
Exceptional item
3URoWEHIRUHWD[
Tax expenses
3URoWIRUWKH\HDU
11,432.76
364.07
11,796.83
119.35
1,739.78
108.29
0.05
% of Revenue
from operations
96.91
3.09
100.00
1.01
14.75
0.92
-
2014
11,481.05
257.16
11,738.21
268.28
1,788.31
194.33
(11.28)
% of Revenue
from operations
97.81
2.19
100.00
2.29
15.23
1.66
(0.10)
769.87
2,394.05
2,723.00
67.32
652.06
2,524.62
6.53
20.29
23.08
0.57
5.53
21.40
746.59
2,441.82
2,598.33
82.76
557.58
2,472.85
6.36
20.80
22.14
0.71
4.75
21.07
937.14
153.17
783.97
192.40
591.57
7.94
1.30
6.65
1.63
5.01
1,135.20
1,135.20
(33.09)
1,168.29
9.67
9.67
(0.28)
9.95
3URoWDIWHUWD[IRUWKH\HDULVQRWFRPSDUDEOHZLWKSUHYLRXV\HDUGXHWRIROORZLQJUHDVRQV
(a) In the previous year, on completion of assessments and review of certain tax positions, provision for tax of ` 309.23
Crore and provision for interest on income tax of ` 69.37 Crore had to be written back, whereas no such write backs
are necessary in 2015.
(b) In the current year, an additional depreciation charge of ` 173.14 Crore (net of tax) has been made on account of
FKDQJHLQXVHIXOOLYHVRIo[HGDVVHWVLQDFFRUGDQFHZLWKWKHSURYLVLRQVRI6FKHGXOH,,RIWKH&RPSDQLHV$FW
$VDUHVXOWRIDERYH3URoWDIWHUWD[IRUWKH\HDULV` 591.57 Crore as compared to `1168.29 Crore in the previous
\HDU
1.
REVENUE FROM OPERATIONS (NET):

Figures in ` Crore
Cement and Clinker
Ready Mix Concrete
Sale of services (RMX)
TOTAL
2015
2014
Change
Change%
10,465.26
948.62
18.88
364.07
11,796.83
10,720.28
740.80
19.97
257.16
11,738.21
(255.02)
207.82
(1.09)
106.91
58.62
(2.38)
28.05
(5.46)
41.57
0.50
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ACC Limited
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v
v
v
v
v
Net sale of cement and clinker has declined by 2.38% mainly on account of temporary closure of mines in the
eastern plants of Chaibasa and Bargarh and a general slow pace of economy, in early part of the year.
The Company achieved cement sales volume of 23.62 million tonnes during the year as compared to 24.21
million tonnes in the previous year.
Net cement realization has improved marginally as compared to previous year.
Sale of Ready Mixed Concrete has increased by 28% from 18.34 Lakh Cubic Meters to 23.44 Lakh Cubic Meters.
Other operating revenue consists of accrual of incentive and subsidies from Governments under incentive
schemes, write back of provision which is no longer required, Scrap sales and other Miscellaneous Income.
2WKHURSHUDWLQJUHYHQXHKDVLQFUHDVHGGXHWRIROORZLQJUHDVRQ
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2.
$FFUXDORIVDOHVWD[LQFHQWLYHVRI`&URUHSHUWDLQLQJWRWKHSHULRG$XJXVWWR0DUFKGXH
to favorable order from Jharkhand High Court in current year.
OTHER INCOME:
Figures in ` Crore
Other income
2015
2014
Change
Change%
119.35
268.28
(148.93)
(55.51)
Other income consists of Interest on Bank deposits, Interest on Income Tax, Gain on sale of investments and
Dividend from long term investments.
2WKHULQFRPHKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
3.
The Company is debt free. Jamul project is funded through internal accruals. Due to this cash and cash
equivalents is lower as compared to 2014 which has resulted into lower income from short term investments
by `&URUH$OVRWKHUHKDVEHHQUHGXFWLRQLQDYHUDJHUDWHRIUHWXUQRQLQYHVWPHQWDVFRPSDUHGWRSUHYLRXV
year.
In the previous year, the Company had written back ` 69.37 Crore towards interest on income tax relating to
earlier years.
COST OF MATERIALS CONSUMED:

Figures in ` Crore
2015
2014
Change
Change%
1,739.78
1,788.31
(48.53)
(2.71)
&RVWRIPDWHULDOVFRQVXPHGKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
v
v
118
Cement production has decreased by 1.65% from 24.24 million tonnes to 23.84 million tonnes.
Slag prices has reduced by 27% as compared to previous year. Overall cost of consumption of slag has reduced
by `&URUH&RVWRI$GGLWLYHV &RUUHFWLYHPDWHULDOVKDVDOVRUHGXFHGE\` 24 Crore.
Decrease in input cost has partially offset by increase in Fly ash and Gypsum prices in the range of 4%-5%.
Ready Mixed Concrete Production has increased by 26% from 17.61 Lakh Cubic Meters to 22.15 Lakh Cubic
Meters.
Continuous focus on cost management also helped contain overall raw material cost.
Corporate Overview
4.
PURCHASE OF TRADED GOODS

Figures in ` Crore
Cement
Ready mix concrete
TOTAL
2015
13.71
94.58
108.29
2014
121.91
72.42
194.33
Change
(108.20)
22.16
(86.04)
Change%
(88.75)
30.60
(44.28)
Purchase of traded cement has decreased by ` 108.20 Crore as compared to previous year mainly on account
of discontinuation of sale and purchase arrangement with third party in the previous year.
&KDQJHVLQLQYHQWRULHVRIoQLVKHGJRRGVZRUNLQSURJUHVVDQG6WRFNLQ7UDGH
Figures in ` Crore
&KDQJHVLQLQYHQWRULHVRIoQLVKHGJRRGVZRUNLQ
progress and Stock-in-Trade
v
6.
2015
2014
Change
Change%
0.05
(11.28)
11.33
(100.44)
7KHUHLVQRVLJQLoFDQWPRYHPHQWLQFKDQJHLQLQYHQWRULHV
EMPLOYEE BENEFITS EXPENSE:

Figures in ` Crore
2015
2014
Change
Change%
769.87
746.59
23.28
3.12
(PSOR\HHEHQHoWVH[SHQVHKDVLQFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
7.
During the year, the Company has incurred ` 33 Crore towards severance cost on account of manpower
rationalization.
1RUPDOKLNHLQVDODU\ZHI$SULO
,QFUHDVHLQHPSOR\HHFRVWKDVEHHQSDUWLDOO\RIIVHWE\ORZHUUHWLUHPHQWEHQHoWVSURYLVLRQ5HWLUHPHQWEHQHoWV
provision in previous year was higher by ` 28 Crore due to change in discounting rate for valuation of employee
EHQHoWVREOLJDWLRQ
POWER AND FUEL:

Figures in ` Crore
Power and Fuel
2015
2014
Change
Change%
2,394.05
2,441.82
(47.77)
(1.96)
3RZHUDQGIXHOFRVWKDVGHFUHDVHGE\GXHWRIROORZLQJUHDVRQV
v
v
v
v
Fuel cost for kiln has decreased due to reduction in Pet coke price and landed cost of domestic coal. Usage of
3HWFRNHDQG$OWHUQDWLYHIXHOKDVLQFUHDVHGLQFXUUHQW\HDU
&RVW%HQHoWRI` 7 Crore due to higher generation of Waste Heat Recovery System (WHRS) operation at Gagal
Decrease in power and fuel cost partially offset by increase in clinker production by 1.66%
The Generation cost per KW of captive power plants (CPP) in 2015 increased by 2% to ` 4.67 per unit against
` 4.59 per unit in 2014, mainly due to a higher landed cost of coal transported by rail and levy / increase in
electricity duty on generation of power.
119
ACC Limited
8.
FREIGHT AND FORWARDING EXPENSE :

Figures in ` Crore
2015
2014
Change
Change%
460.30
393.81
66.49
16.88
2,180.46
2,136.50
43.96
2.06
82.24
68.02
14.22
20.91
2,723.00
2,598.33
124.67
4.80
)UHLJKWDQG)RUZDUGLQJH[SHQVH
On Clinker transfer
2QoQLVKHGSURGXFWV&HPHQW
Ready mixed Concrete
TOTAL
)UHLJKWDQG)RUZDUGLQJH[SHQVHKDVLQFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
v
9.
Freight on inter unit clinker transfer has gone up by ` 66.49 Crore mainly on account of long lead movement
of clinker and higher volume of clinker transferred to various units.
Freight cost on sale of Cement has gone up due to hike in railway freight by 6%.
,QFUHDVHLQIUHLJKWFRVWKDVSDUWLDOO\RIIVHWE\EHQHoWVLQURDGIUHLJKWRQDFFRXQWRIUHGXFWLRQLQGLHVHOSULFHV
Freight cost on sale of Ready Mixed Concrete has gone up due to increase in volumes.
FINANCE COSTS:
Figures in ` Crore
2015
2014
Change
Change%
Interest expenses
46.13
48.70
(2.57)
(5.28)
Interest on Income Tax
21.19
34.06
(12.87)
(37.79)
TOTAL
67.32
82.76
(15.44)
(18.66)
Finance costs comprise interest paid to dealers on Security deposit, interest on income tax and other interest.
Finance cost has decreased due to reduction in interest on income tax by ` 12.87 Crore as compared to previous
year.
10. DEPRECIATION AND AMORTIZATION EXPENSE

Figures in ` Crore
Depreciation on tangible assets
$PRUWL]DWLRQRQLQWDQJLEOHDVVHWV
TOTAL
120
2015
2014
Change
Change%
651.55
557.23
94.32
16.93
0.51
0.35
0.16
45.71
652.06
557.58
94.48
16.94
Current year depreciation includes additional depreciation charge of ` 111.61 Crore due to change in useful
OLYHVRIWKHo[HGDVVHWVLQDFFRUGDQFHZLWKWKHSURYLVLRQRI6FKHGXOH,,RIWKH&RPSDQLHV$FW
Corporate Overview
11. OTHER EXPENSES:

Figures in ` Crore
Consumption of Stores and spares parts
Consumption of packing materials
Excise duty variation on opening and closing stock
Rent
Rates and Taxes
Repairs
Insurance
Royalties on minerals
Discount on sales
$GYHUWLVHPHQW
Technology and Know-how fees
Miscellaneous Expenses
Self-Consumption of cement
TOTAL
v
v
v
v
2015
377.99
404.44
1.07
29.90
145.52
161.23
25.44
205.72
90.80
110.13
112.76
868.94
(9.32)
2,524.62
2014
361.99
483.67
2.73
33.83
141.13
171.54
24.62
129.82
93.27
106.82
112.91
828.18
(17.66)
2472.85
Change
16.00
(79.23)
(1.66)
(3.93)
4.39
(10.31)
0.82
75.90
(2.47)
3.31
(0.15)
40.76
8.34
51.77
Change%
4.42
(16.38)
(60.81)
(11.62)
3.11
(6.01)
3.33
58.47
(2.65)
3.10
(0.13)
4.92
(47.23)
2.09
Consumption of packing material cost has decreased mainly due to decline in prices of PP granule as compared
WRSUHYLRXV\HDU$YHUDJHSULFHRISDFNLQJEDJVUHGXFHGE\
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2015, effective from January 12, 2015, the Company has created provision amounting to ` 52 Crore
towards contribution to District Mineral Foundation and National Mineral Exploration Trust (NMET).
Increase in royalty rate on limestone from ` 63 to ` 80 with effect from September, 2014.
Technology and Know-how fees represent the amount paid to Holcim Technology Ltd for technical support
received by the Company.
Miscellaneous Expenses
v
v
v
During the year, the Company has provided `&URUHIRUGLPLQXWLRQLQWKHYDOXHRILQYHVWPHQWLQ$&&

Mineral Resources Limited, a wholly owned subsidiary Company.
Fixed assets of ` 12 Crore written off in the current year.
The Company has incurred ` 13 Crore towards severance cost for rationalization of third party manpower.
12. EXCEPTIONAL ITEM:

Figures in ` Crore
Exceptional item
v
2015
153.17
2014
-
Change
153.17
Change%
-
3XUVXDQWWRWKHWUDQVLWLRQDO SURYLVLRQV SUHVFULEHG LQ6FKHGXOH,,WRWKH&RPSDQLHV $FWDQDGGLWLRQDO

charge of `&URUHEHLQJWKHFDUU\LQJDPRXQWDVRI-DQXDU\RIo[HGDVVHWVZLWKQRUHPDLQLQJ
XVHIXOOLIH5HYLVHGDVSHU6FKHGXOH,,DVRIWKDWGDWHLVUHFRJQL]HGLQWKH6WDWHPHQWRI3URoWDQG/RVVDQG
disclosed as an exceptional item.
121
ACC Limited
13. TAX EXPENSES:

Figures in ` Crore
Tax expenses
2015
2014
Change
Change%
192.40
(33.09)
225.49
(681.44)
In the previous year, on completion of assessments and review of certain tax positions, an amount of ` 309.23
Crore had to be written back, whereas no such write backs are necessary in 2015.
14. NET FIXED ASSETS:

Figures in ` Crore
2015
2014
Change
Change%
5,284.78
5,597.75
(312.97)
(5.59)
0.20
0.64
(0.44)
(68.75)
Capital Work in progress
2,370.96
1,914.63
456.33
23.83
TOTAL
7,655.94
7,513.02
142.92
1.90
Tangible assets
Intangible assets
v
v
Decrease in Net Tangible assets is due to additional charge of depreciation of ` 264.78 Crore on account of
FKDQJHLQXVHIXOOLYHVRIWKHo[HGDVVHWVLQDFFRUGDQFHZLWKWKHSURYLVLRQRI6FKHGXOH,,RIWKH&RPSDQLHV$FW
2013.
Capital work-in-progress has gone up mainly on account of capital expenditure incurred on Jamul and Sindri
project.
The ongoing expansion of project at Jamul plant in Chhattisgarh, which comprises a new clinkering line and
grinding facility together with a new grinding unit at Sindri in Jharkhand, is nearing completion and expected
to be commissioned in the second quarter of 2016.
15. INVESTMENTS:
Figures in ` Crore
2015
2014
Change
Change%
274.55
290.90
(16.35)
(5.62)
Current investments
1201.15
1282.08
(80.93)
(6.31)
TOTAL
1,475.70
1,572.98
(97.28)
(6.18)
Non-current investments
1RQFXUUHQWLQYHVWPHQWKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
During the year, the Company has provided `&URUHIRUGLPLQXWLRQLQWKHYDOXHRILQYHVWPHQWLQ$&&

Mineral Resources Limited, a wholly owned subsidiary Company.
Current portion of long term investment of ` 3.70 Crore disclosed under the schedule current investments.
During the year, the company has invested ` 2.50 Crore in equity shares of Oneindia BSC Private Limited, which
LVDMRLQWO\FRQWUROOHGHQWLW\ZLWKHTXDOHTXLW\SDUWLFLSDWLRQZLWK$PEXMD&HPHQWV/LPLWHGDIHOORZVXEVLGLDU\
&RPSDQ\ZLWKDLPWRSURYLGHEDFNRIoFHVHUYLFHVZLWKUHVSHFWWRURXWLQHSURFHVVHV
Current investments
v
122
Current investment has decreased due to utilization of surplus funds in Jamul and Sindri projects.
Corporate Overview
16. LOANS AND ADVANCES

Figures in ` Crore
2015
Long-term loans and advances
1,073.38
Short-term loans and advances
349.84
TOTAL
1,423.22
/RQJWHUPORDQVDQGDGYDQFHVKDVLQFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
2014
855.56
383.92
1,239.48
Change
217.82
(34.08)
183.74
Change%
25.46
(8.88)
14.82
Capital advance has increased by ` 92 Crore mainly due to advance given for Jamul and Sindri projects.
7KH&RPSDQ\KDGUHFHLYHGDGHPDQGIURP'LVWULFW0LQLQJ2IoFHUWRZDUGVSHQDOW\IRUDOOHJHGLOOHJDOPLQLQJ
activities carried out by the Company. The aforesaid demands were challenged by the company and Writ
3HWLWLRQKDVEHHQoOHGZLWK+LJK&RXUWRI-KDUNKDQG7KHSHWLWLRQKDVEHHQDGPLWWHGVXEMHFWWRDWRNHQGHSRVLW
of ` 48 Crore, which has been deposited in the current year and disclosed under Long-term loans and advances.
$GYDQFHRILQFRPHWD[1HWKDVLQFUHDVHGE\` 72.21 Crore.
6KRUWWHUPORDQVDQGDGYDQFHVKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
$GYDQFHVIRUVXSSO\RI5DZPDWHULDOKDVJRQHGRZQE\` 26.60 Crore.

Balance with statutory / government authorities has decreased by ` 12.45 Crore mainly due to reduction in
cenvat input credit.
17. OTHER ASSETS

Figures in ` Crore
Other non-current assets
Other current assets
TOTAL
v
v
2015
466.30
55.11
521.41
2014
360.71
14.54
375.25
Change
105.59
40.57
146.16
Change%
29.27
279.02
38.95
Other non-current assets have gone up due to accrual of incentive receivables from government under various
incentives schemes.
2WKHUFXUUHQWDVVHWVKDYHJRQHXSGXHWRLQFUHDVHLQo[HGDVVHWVKHOGIRUVDOHE\` 38.79 Crore.
18. INVENTORIES :
Figures in ` Crore
Raw Materials
Work-in-Progress
Finished Goods
Stock-in-trade
6WRUHV 6SDUH3DUWV
Packing Material
Fuels
TOTAL
2015
132.01
241.20
152.54
0.65
265.84
18.24
378.12
1,188.60
2014
139.07
240.32
153.75
0.37
262.53
20.02
439.53
1,255.59
Change
(7.06)
0.88
(1.21)
0.28
3.31
(1.78)
(61.41)
(66.99)
Change%
(5.08)
0.37
(0.79)
75.68
1.26
(8.89)
(13.97)
(5.34)
Fuel inventory was higher in the previous year due to stoppage of clinkerisation activity at Chaibasa and
Bargarh plants, consequent upon temporary suspension of limestone mining operations.
123
ACC Limited
19. TRADE RECEIVABLES:
Trade receivables Cement

Trade receivables - Ready Mixed Concrete
TOTAL
v
v
v
2015
287.65
196.70
484.35
2014
244.77
165.94
410.71
Figures in ` Crore
Change
Change%
42.88
17.52
30.76
18.54
73.64
17.93
Trade receivable for cement has increased by 17.52%. The average collection days outstanding for cement
sales as on December 31, 2015 is 6 as compared to 5 as on December 31, 2014.
Increase in Ready Mixed Concrete business trade receivable in 2015 is mainly due to increase in sales.
The average collection day outstanding for Concrete business as on December 31, 2015 is 65 as compared to
59 as on December 31, 2014.
20. CASH AND BANK BALANCES:
Cash and bank balances
2015
91.60
2014
304.30
Figures in ` Crore
Change
Change%
(212.70)
(69.90)
The Company is debt free. Jamul project is funded through internal accruals. Due to this Cash and bank
balances is lower as compared to 2014.
21. PROVISIONS
Figures in ` Crore
2015
119.86
639.33
759.19
2014
115.94
937.27
1,053.21
Change
3.92
(297.94)
(294.02)
Change%
3.38
(31.79)
(27.92)
Long-term provisions
Short-term provisions
TOTAL
6KRUWWHUPSURYLVLRQKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
3URYLVLRQIRUHPSOR\HHEHQHoWVKDVGHFUHDVHGGXHWRFRQWULEXWLRQRI` 75 Crore to the fund against provision
for compensated absences.
v
v
v
3URYLVLRQIRUSURSRVHGoQDOGLYLGHQGLQFOXGLQJGLYLGHQGGLVWULEXWLRQWD[KDVGHFUHDVHGE\` 292.46 Crore.

3URSRVHGoQDOGLYLGHQGLV` 6 per Share as against ` 19 per Share in the previous year.
Provision for Income Tax (Net of advance tax) has increased by ` 72.27 Crore.
6+2577(50%2552:,1*6
Figures in ` Crore
Short term borrowings
v
2015
35.50
2014
-
Change
35.50
Change%
100.00
6KRUW WHUP %RUURZLQJV FRQVLVW RI ORDQ IURP $&& 0LQHUDO 5HVRXUFHV /LPLWHG D ZKROO\ RZQHG VXEVLGLDU\
Company.
23. TRADE PAYABLES

Figures in ` Crore
Trade payables
v
124
2015
874.11
Increase in trade payables are in line with increase in business activities.
2014
750.23
Change
123.88
Change%
16.51
Corporate Overview
24. OTHER CURRENT LIABILITIES

Figures in ` Crore
2015
2014
Change
Change%
Interest accrued but not due on borrowings
2.44
2.44
8QSDLGGLYLGHQG 0DWXUHG'HSRVLW
33.46
31.89
1.57
4.92
Statutory dues
378.50
324.27
54.23
16.72
$GYDQFHIURPFXVWRPHUV
137.81
131.94
5.87
4.45
Security deposits and retention money
666.77
624.48
42.29
6.77
Liability for capital expenditure
113.13
131.09
(17.96)
(13.70)
Other payables
927.71
853.04
74.67
8.75
TOTAL
2,259.82
2,096.71
163.11
7.78
Statutory dues have increased due to provision of ` 52 Crore made towards contribution to District Mineral
Foundation and National Mineral Exploration Trust (NMET).
v
v
Other payables have increased due to increase in provision for litigations.
25. CASH FLOW

Figures in ` Crore
2015
2014
Change
Change%
1HWFDVKpRZIURPRSHUDWLQJDFWLYLWLHV
1,461.24
1,331.70
129.54
9.73
1HWFDVKIURPRSHUDWLQJDFWLYLWLHVKDVLQFUHDVHGDVFRPSDUHGWRSUHYLRXV\HDUGXHWRIROORZLQJUHDVRQV
v
v
7KHFDVKRSHUDWLQJSURoWEHIRUHZRUNLQJFDSLWDOFKDQJHVKDVLQFUHDVHGE\` 107.95 Crore.

Decrease in working capital by ` 58 Crore as compared to ` 43 Crore in previous year.
Net cash used for investing activities
v
2015
(948.17)
2014
(1,436.69)
Change
488.52
Change%
(34.00)
1HWFDVKXVHGIRULQYHVWPHQWDFWLYLWLHVKDVGHFUHDVHGPDLQO\RQDFFRXQWRIORZHUFDVKRXWpRZIRUSXUFKDVH
RIo[HGDVVHWVE\` 359 Crore and refund of deposit, along-with accumulated interest, kept lien in favour of
&203$7IRU&RPSHWLWLRQ&RPPLVVLRQRI,QGLD&&,PDWWHU
1HWFDVKXVHGIRUoQDQFLQJDFWLYLWLHV
2015
(681.02)
2014
(837.09)
Change
156.07
Change%
(18.64)
1HWFDVKXVHGIRUoQDQFLQJDFWLYLWLHVKDVGHFUHDVHGGXHWRIROORZLQJUHDVRQV
v
v
v
Lower payment of Dividend and dividend tax by 78 Crore as compared to previous year.
Proceeds from short term Borrowings of ` 35.50 from subsidiary company in the current year.
In the previous year, the Company repaid the Long term borrowings of ` 35 Crore.
125
ACC Limited
INDEPENDENT AUDITORS REPORT

To the Members of ACC Limited
Report on the Financial Statements
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statements of ACC Limited (the Company), which
comprise the Balance Sheet as at December 31, 2015, the
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accounting policies and other explanatory information.
Managements Responsibility for the Financial Statements
The Companys Board of Directors is responsible for the
matters stated in Section 134(5) of the Companies Act,
2013 (the Act) with respect to the preparation of these
VWDQGDORQHoQDQFLDOVWDWHPHQWVWKDWJLYHDWUXHDQGIDLU
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principles generally accepted in India, including the
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Act, read with Rule 7 of the Companies (Accounts) Rules,
2014. This responsibility also includes maintenance of
adequate accounting records in accordance with the
provisions of the Act for safeguarding of the assets of
the Company and for preventing and detecting frauds
and other irregularities; selection and application of
appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and the
design, implementation and maintenance of adequate
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for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and
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and fair view and are free from material misstatement,
whether due to fraud or error.
An audit involves performing procedures to obtain

audit evidence about the amounts and disclosures in
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selected depend on the auditors judgment,including
the assessment of the risks of material misstatement of
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In making those risk assessments, the auditor considers
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that give a true and fair view in order to design audit
procedures that are appropriate in the circumstances
but not for the purpose of expressing an opinion on
whether the Company has in place an adequate internal
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the effectiveness of such controls. An audit also includes
evaluating the appropriateness of accounting policies
used and the reasonableness of the accounting estimates
made by the Companys Directors, as well as evaluating
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statements. We believe that the audit evidence we have
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Opinion
In our opinion and to the best of our information and
according to the explanations given to us, the standalone
oQDQFLDOVWDWHPHQWVJLYHWKHLQIRUPDWLRQUHTXLUHGE\WKH
Act in the manner so required and give a true and fair view
in conformity with the accounting principles generally
accepted in India of the state of affairs of the Company as
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year ended on that date.
Report on Other Legal and Regulatory Requirements
1.
As required by the Companies (Auditors report) Order,

2015 (the Order) issued by the Central Government
of India in terms of sub-section (11) of section 143 of
the Act, we give in the Annexure a statement on the
PDWWHUVVSHFLoHGLQSDUDJUDSKVDQGRIWKH2UGHU
2.
As required by section 143 (3) of the Act, we report

that:
Auditors Responsibility
Our responsibility is to express an opinion on these
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have taken into account the provisions of the Act, the
accounting and auditing standards and matters which
are required to be included in the audit report under the
provisions of the Act and the Rules made thereunder. We
conducted our audit in accordance with the Standards on
Auditing, issued by the Institute of Chartered Accountants
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Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain
reasonable assurance about whether the standalone
oQDQFLDOVWDWHPHQWVDre free from material misstatement.
126
(a) We have sought and obtained all the information

and explanations which to the best of our
knowledge and belief were necessary for the
purpose of our audit;
(b) In our opinion proper books of account as
required by law have been kept by the Company
so far as it appears from our examination of
those books;
Corporate Overview
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/RVV DQG &DVK )ORZ 6WDWHPHQW GHDOW ZLWK E\
this Report are in agreement with the books of
account;
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statements comply with the Accounting
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read with Rule 7 of the Companies (Accounts)
Rules, 2014;
(e) On the basis of written representations received
from the directors as on December 31, 2015, and
taken on record by the Board of Directors, none
RI WKH GLUHFWRUV LV GLVTXDOLoHG DV RQ 'HFHPEHU
31, 2015, from being appointed as a director in
terms of section 164 (2) of the Act;
(f)
With respect to the other matters to be included

in the Auditors Report in accordance with Rule
11 of the Companies (Audit and Auditors) Rules,
2014, in our opinion and to the best of our
information and according to the explanations
given to us:
i.
The Company has disclosed the impact of

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LQ LWV VWDQGDORQH oQDQFLDO VWDWHPHQWV q
Refer Note 36 A (a),36 A (c), 36 B and 37 to
WKHVWDQGDORQHoQDQFLDOVWDWHPHQWV
ii.
The Company did not have any long-term

contracts including derivative contracts for
which there were any material foreseeable
losses.
iii. There has been no delay in transferring

amounts required to be transferred to the
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the Company.
For S R B C & CO LLP

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per RAVI BANSAL
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Place: Mumbai
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127
ACC Limited
ANNEXURE TO THE AUDITORS REPORT

Annexure referred to in paragraph 1 under the heading Report on other legal and regulatory requirements of our
report of even date
Re: ACC Limited (the Company)
(i) (a)
The Company has maintained proper records

showing full particulars, including quantitative
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during the year by the management but there
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our opinion, is reasonable having regard to the
size of the Company and the nature of its assets.
No material discrepancies were noticed on such
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(ii) (a) The management has conducted physical
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during the year.
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inventory followed by the management are
reasonable and adequate in relation to the size
of the Company and the nature of its business.
(c) The Company is maintaining proper records of
inventory and no material discrepancies were
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(iii) According to the information and explanations
given to us, the Company has not granted any loans,
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parties covered in the register maintained under
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clause 3(iii)(a) and (b) of the Order are not applicable
to the Company and hence not commented upon.
(iv) In our opinion and according to the information
and explanations given to us, there is an adequate
internal control system commensurate with the size
of the Company and the nature of its business, for
WKH SXUFKDVH RI LQYHQWRU\ DQG o[HG DVVHWV DQG IRU
the sale of goods and services. During the course of
our audit, we have not observed any major weakness
128
or continuing failure to correct any major weakness

in the internal control system of the Company in
respect of these areas.
(v) The Company has not accepted any deposits from
the public.
(vi) We have broadly reviewed the books of account
maintained by the Company pursuant to the
rules made by the Central Government for the
PDLQWHQDQFHRIFRVWUHFRUGVXQGHUVHFWLRQRI
the Companies Act, 2013, related to the manufacture
of Cement and Ready Mix Concrete, and are of the
RSLQLRQWKDWSULPDIDFLHWKHVSHFLoHGDFFRXQWVDQG
records have been made and maintained. We have
not, however, made a detailed examination of the
same.
(vii) (a) The Company is generally been regular in
depositing with appropriate authorities
undisputed statutory dues including provident
fund, employees state insurance, income-tax,
sales-tax, wealth-tax, service tax, customs duty,
excise duty, value added tax, cess and other
material statutory dues applicable to it.
(b) According to the information and explanations
given to us, no undisputed amounts payable
in respect of provident fund, employees state
insurance, income-tax, wealth-tax, service
tax, sales-tax, customs duty, excise duty, value
added tax, cess and other material statutory
dues were outstanding, at the year end, for a
period of more than six months from the date
they became payable.
(c) According to the records of the Company, the
dues outstanding of income-tax, sales tax,
wealth tax, service tax, custom duty, excise
duty and cess on account of any dispute, are as
follows:
Corporate Overview
(` Crore)
)RUXPZKHUHGLVSXWHLVSHQGLQJ
Name of Statute
(Nature of Dues)
Period to which the

amount Relates
Commissionarate
Appellate
authorities &
Tribunal
Sales Tax (Tax/Penalty/

Interest)
WR

126.07

Central Excise Act (Duty /

Penalty / Interest)
WR
3.61
22.12

2.34

6HUYLFH7D[XQGHU)LQDQFH 2005-06 to 2012-13

$FW7D[3HQDOW\
Interest)

Customs Duty Matters

(Duty /Penalty / Interest)
2012-13
15.03
15.03
Cess Matters
2003-04 to 2012-13

26.03

28.57
187.20
138.98
28.37
383.12
TOTAL
High
Court
Supreme
Total
Court
Amount
(d) According to the information and explanations given to us, the amount required to be transferred to Investor
(GXFDWLRQ DQG 3URWHFWLRQ )XQG LQ DFFRUGDQFH ZLWK WKH UHOHYDQW SURYLVLRQV RI WKH &RPSDQLHV $FW
RIDQGUXOHVPDGHWKHUHXQGHUKDVEHHQWUDQVIHUUHGWRVXFKIXQGZLWKLQWLPH
YLLL7KH&RPSDQ\KDVQRDFFXPXODWHGORVVHVDWWKHHQGRIWKHoQDQFLDO\HDUDQGLWKDVQRWLQFXUUHGFDVKORVVHVLQWKH
FXUUHQWDQGLPPHGLDWHO\SUHFHGLQJoQDQFLDO\HDU
L[ 7KH &RPSDQ\ GLG QRW KDYH DQ\ RXWVWDQGLQJ GXHV LQ UHVSHFW RI oQDQFLDO LQVWLWXWLRQ EDQN RU GHEHQWXUH KROGHUV
during the year.
(x) According to the information and explanations given to us, the Company has not given any guarantee for loans
WDNHQE\RWKHUVIURPEDQNRUoQDQFLDOLQVWLWXWLRQV
(xi) The Company did not have any term loans outstanding during the year.
(xii) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the Standalone
oQDQFLDOVWDWHPHQWVDQGDVSHUWKHLQIRUPDWLRQDQGH[SODQDWLRQVJLYHQE\WKHPDQDJHPHQWZHUHSRUWWKDWQR
fraud by the Company and no material fraud on the Company, has been noticed or reported during the year.
per RAVI BANSAL
Partner
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Place: Mumbai
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129
ACC Limited
BALANCE SHEET as at December 31, 2015

Particulars
Note No.
2015
` Crore
2014
` Crore
EQUITY AND LIABILITIES

Shareholders funds
Share capital
Reserves and surplus
3
4

Non-current liabilities
Deferred tax liabilities (Net)
Long-term provisions
5
6

535.57

651.51
35.50

4.12

12,840.82
1.76

12,671.33

0.20

274.55

466.30

0.64

360.71

1,201.15

55.11
3,370.65
12,840.82

410.71
304.30

14.54
3,651.14
12,671.33
Current liabilities
Short-term borrowings
Trade payables:
Due to Micro and Small Enterprises
Due to others
Other current liabilities
Short-term provisions

TOTAL
ASSETS
Non-current assets
)L[HG$VVHWV
Tangible assets
Intangible assets
Capital work-in-progress
Non-current investments
Other non-current assets
10
10
11
12
13
Current assets
Current investments
Inventories
Trade receivables
Short-term loans and advances
Other current assets
14
15
16
17

TOTAL
6LJQLoFDQWDFFRXQWLQJSROLFLHV
7KHDFFRPSDQ\LQJQRWHVDUHDQLQWHJUDOSDUWRIWKHoQDQFLDOVWDWHPHQWV
As per our report of even date
)RUDQGRQEHKDOIRIWKH%RDUGRI'LUHFWRUVRI$&&/LPLWHG
HARISH BADAMI
N.S.SEKHSARIA
BERNARD TERVER ARUNKUMAR R GANDHI
CEO & Managing Director Chairman
Deputy Chairman Director
,&$,)LUP5HJLVWUDWLRQ1R( ',1
DIN: 00276351
DIN: 06771125
',1
per RAVI BANSAL
Partner
0HPEHUVKLS1R
0XPEDL)HEUXDU\
130
SUNIL K. NAYAK
Director
DIN: 00007347
ASHWIN DANI
Director
',1
FARROKH K. KAVARANA
Director
',1
BURJOR D. NARIMAN
Company Secretary
FALGUNI NAYAR
Director
DIN: 00003633
ERIC OLSEN
Director
',1
CHRISTOF HASSIG
Director
',1
Corporate Overview
STATEMENT OF PROFIT AND LOSS for the year ended December 31, 2015
Particulars
2015
` Crore
Note No.
INCOME
Revenue from operations (gross)
Less - Excise duty
Other Income
Total Revenue
EXPENSES
Purchase of traded goods
work-in-progress and stock-in-trade
Power and fuel
)LQDQFHFRVWV
Depreciation and amortization expense
Other expenses
20
21
13,240.71

22
23
24

0.05

25

2,723.00
67.32
652.06

10,979.04

(17.66)
10,871.29
937.14
153.17
783.97
1,135.20
1,135.20

591.57
(262.24)

1,168.29
31.51
31.43
62.23
62.06
26
27

Self Consumption of Cement (net of Excise Duty)

Total Expenses
11,916.18
Exceptional item (Refer Note - 51)
3URoWEHIRUHWD[
Tax expenses
Current tax
Tax adjustments for earlier years (Refer Note - 43)
Deferred tax
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Earnings per equity share
^)DFHYDOXHRI` 10 each (Previous Year - ` 10 each)}
Basic
Diluted
2014
` Crore

66.41
30
`
`

12,006.49
HARISH BADAMI
N.S.SEKHSARIA
Deputy Chairman
Director
DIN: 00276351
DIN: 06771125
',1
per RAVI BANSAL
Partner
0HPEHUVKLS1R
SUNIL K. NAYAK
Director
DIN: 00007347
ASHWIN DANI
Director
',1
FARROKH K. KAVARANA
Director
',1
BURJOR D. NARIMAN
Company Secretary
FALGUNI NAYAR
Director
DIN: 00003633
ERIC OLSEN
Director
',1
CHRISTOF HASSIG
Director
',1
0XPEDL)HEUXDU\
131
ACC Limited
CASH FLOW STATEMENT for the year ended December 31, 2015
Particulars
A. &DVKpRZIURPRSHUDWLQJDFWLYLWLHV
1HW3URoWEHIRUH7D[
Adjustments for:
Depreciation and Amortization expenses (including Exceptional item)
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Provision for diminution in the value of Non-current investment
Non-current investment written off
Gain on sale of current investments
Dividend income
Interest income
)LQDQFHFRVWV
Provision for doubtful debts and advances (Net)
Bad debts written off
Provision for slow and non moving Stores & Spare parts
Provision no longer required written back
Unrealised exchange (gain) / loss (Net)
Capital Spares Consumed
2SHUDWLQJSURoWEHIRUHZRUNLQJFDSLWDOFKDQJHV
Changes in Working Capital:
Adjustments for Decrease / (Increase) in operating assets:
Decrease / (Increase) in Trade receivable, loans & advances and other assets
Decrease / (Increase) in Inventories
Adjustments for Increase / (Decrease) in operating liabilities:
Increase / (Decrease) in Trade payables, Other liabilities and Provisions
Cash generated from operations
Direct tax paid - (Net of refunds)
1HW&DVKpRZIURPRSHUDWLQJDFWLYLWLHV
B. &DVKpRZIURPLQYHVWLQJDFWLYLWLHV
Loans to subsidiary companies
Payment received against loan and advance given to subsidiaries
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and Capital Advances)
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Proceeds from sale of current investments
Purchase of Investment in joint venture company
Purchase of Investment in subsidiary companies
Redemption / (investment) in bank deposits (having original maturity for
more than 3 months)
Dividend received from Associates
Interest received
Net cash used in investing activities
132
2015
` Crore
2014
` Crore

1,135.20

30.45
15.15
(22.24)
(2.04)

67.32
13.64
0.32

(10.66)
(2.25)

1,632.21

4.13

(41.45)

4.60
13.72

1,524.27
(217.32)

216.63

1,461.24

1,331.70

(75.76)

(1,527.00)

22.24
(2.50)

41.45

2.04

(948.17)

(1,436.69)
Corporate Overview
CASH FLOW STATEMENT for the year ended December 31, 2015 (contd.)
2015
` Crore
2014
` Crore

35.50
(561.67)
(113.36)
(681.02)

(35.03)
(644.51)

(837.09)
Net increase / (decrease) in cash and cash equivalents
(167.95)
(942.08)
Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

Particulars
C. &DVKpRZIURPoQDQFLQJDFWLYLWLHV
Interest paid
Proceeds from short-term borrowings from Subsidiary Company
Repayment of Long-term borrowings
Dividend paid
Dividend Distribution Tax paid
1HWFDVKXVHGLQoQDQFLQJDFWLYLWLHV
Components of cash and cash equivalents:

Cash on hand
0.11
0.12
Balance with banks
On current accounts

37.64
On deposit account

(DUPDUNHGIRUVSHFLoFSXUSRVH5HIHU1RWHEHORZ
33.44

Cash and cash equivalents (Refer Note - 17)

$GG,QYHVWPHQWLQ0XWXDO)XQGV5HIHU1RWH
65.00
350.00
$GG,QYHVWPHQWLQ&HUWLoFDWHRI'HSRVLWV5HIHU1RWH
1,132.45

$GG'HSRVLWZLWK+')&/LPLWHG5HIHU1RWH
100.00
100.00
&DVKDQG&DVKHTXLYDOHQWVLQFDVKpRZVWDWHPHQW
1,389.04
1,556.99
6LJQLoFDQWDFFRXQWLQJSROLFLHV(Refer Note - 2)
Note : 1
These balances are not available for use by the Company as they represent unpaid dividend liabilities.
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HARISH BADAMI
N.S.SEKHSARIA
Chairman
DIN: 00276351

Deputy Chairman Director
DIN: 06771125
',1
per RAVI BANSAL

Partner
0HPEHUVKLS1R
SUNIL K. NAYAK
Director
DIN: 00007347
ASHWIN DANI
Director
',1
FARROKH K. KAVARANA
Director
',1
BURJOR D. NARIMAN
Company Secretary
FALGUNI NAYAR
Director
DIN: 00003633
ERIC OLSEN
Director
',1
CHRISTOF HASSIG
Director
',1
0XPEDL)HEUXDU\
133
ACC Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended December 31, 2015
1.
COMPANY OVERVIEW
ACC Limited (the Company) is a public limited company incorporated in India under the provision of Companies
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selling of Cement and Ready mix concrete. The Company caters mainly to the domestic market.
2.
SIGNIFICANT ACCOUNTING POLICIES

(i)
Basis of preparation
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DFFRXQWLQJSULQFLSOHVLQ,QGLD,QGLDQ*$$37KH&RPSDQ\KDVSUHSDUHGWKHVHoQDQFLDOVWDWHPHQWVWR
FRPSO\LQDOOPDWHULDOUHVSHFWVZLWKWKHDFFRXQWLQJVWDQGDUGVQRWLoHGXQGHU6HFWLRQRIWKH&RPSDQLHV
$FWkWKH$FWyUHDGWRJHWKHUZLWK5XOHRIWKH&RPSDQLHV$FFRXQWV5XOHV7KHoQDQFLDO
statements have been prepared on an accrual basis and under the historical cost convention.
E 7KHDFFRXQWLQJSROLFLHVDGRSWHGLQWKHSUHSDUDWLRQRIoQDQFLDOVWDWHPHQWVDUHFRQVLVWHQWZLWKWKRVHRI
previous year.
(ii) Use of estimates

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make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and
GLVFORVXUHRIFRQWLQJHQWOLDELOLWLHVRQWKHGDWHRIWKHoQDQFLDOVWDWHPHQWVDQGUHSRUWHGDPRXQWVRIUHYHQXHV
and expenses for the year. Although these estimates are based on the managements best knowledge of
current events and actions, uncertainty about these assumptions and estimates could result in the outcomes
different from the estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Any revision to accounting estimates
is recognised prospectively in the current and future periods.
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and impairment losses, if any. The cost comprises of the purchase price (net of Cenvat and VAT credit
wherever applicable) and any attributable cost of bringing the assets to its working condition for
its intended use. Subsequent expenditures related to an item of tangible asset are added to its gross
ERRNYDOXHRQO\LILWLQFUHDVHVWKHIXWXUHEHQHoWVIURPWKHH[LVWLQJDVVHWEH\RQGLWVSUHYLRXVO\DVVHVVHG
standard of performance.
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of which is irregular, are capitalized at cost.
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and net realisable value and are disclosed separately under other current assets.
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134
Tangible assets not ready for the intended use on the date of Balance Sheet are disclosed as Capital
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Balance Sheet date are disclosed as Capital Advances under Long-term loans and advances.
Corporate Overview
NOTES TO THE FINANCIAL STATEMENTS for the year ended December 31, 2015 (contd.)
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using the straight-line method and on CPP assets using the written-down value method based on their
respective estimated useful lives. Estimated useful lives of assets are determined based on technical
parameters / assessment.
The aforesaid estimated useful lives for computing depreciation is different in following case from the
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Particulars
Plant and Equipment related to Captive Power Plant
Useful Life estimated by

the management
20 Years
Depreciation is calculated on a pro-rata basis from the date of installation till the date the assets are sold
or disposed off.
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F
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G )UHHKROGODQGXVHGIRUPLQLQJLVGHSUHFLDWHGRQWKHEDVLVRITXDQWLW\RIPLQHUDOVDFWXDOO\H[WUDFWHGGXULQJ
the year with respect to the estimated total quantity of extractable mineral reserves.
(v) Intangible assets and amortisation
Intangible assets are stated at cost of acquisition or construction less accumulated amortisation and
impairment losses if any. Intangible assets are amortised over their estimated useful economic life. Computer
Software cost is amortised over a period of three years using straight-line method.
Gains or losses arising from derecognition of intangible assets are measured as the difference between the net
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when the asset is derecognised.
(vi) Impairment of assets
The carrying amount of assets are reviewed at each Balance Sheet date if there is any indication of impairment
based on internal / external factors. An impairment loss is recognized wherever the carrying amount of an
asset exceeds its estimated recoverable amount. The recoverable amount is the greater of the assets net
VHOOLQJSULFHDQGYDOXHLQXVH,QDVVHVVLQJWKHYDOXHLQXVHWKHHVWLPDWHGIXWXUHFDVKpRZVDUHGLVFRXQWHGWR
WKHLUSUHVHQWYDOXHXVLQJDSUHWD[GLVFRXQWUDWHWKDWUHpHFWVFXUUHQWPDUNHWDVVHVVPHQWVRIWKHWLPHYDOXHRI
PRQH\DQGULVNVVSHFLoFWRWKHDVVHW
After impairment, depreciation / amortisation is provided on the revised carrying amount of the asset over its
remaining useful life. A previously recognised impairment loss is increased or reversed depending on changes
in circumstances. However, the carrying value after reversal is not increased beyond the carrying value that
would have prevailed by charging usual depreciation / amortisation if there was no impairment.
YLL %RUURZLQJ&RVWV
Borrowing costs directly attributable to the acquisition and construction of an asset which takes a substantial
period of time to get ready for its intended use, are capitalised as a part of the cost of such assets, until such
time the asset is substantially ready for its intended use. All other borrowing costs are recognised in the
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incurred in connection with borrowing of funds.
135
ACC Limited
(viii) Investments
Investments, which are readily realizable and intended to be held for not more than one year from the
GDWHRQZKLFKVXFKLQYHVWPHQWVDUHPDGHDUHFODVVLoHGDVFXUUHQWLQYHVWPHQWV$OORWKHULQYHVWPHQWVDUH
FODVVLoHGDVORQJWHUPLQYHVWPHQWV+RZHYHUWKDWSDUWRIORQJWHUPLQYHVWPHQWVZKLFKDUHH[SHFWHGWREH
realized within twelve months from Balance Sheet date is also presented under Current Investments under
k&XUUHQWSRUWLRQRIORQJWHUPLQYHVWPHQWVyLQFRQVRQDQFHZLWKWKHFXUUHQWQRQFXUUHQWFODVVLoFDWLRQRI
Schedule III of the Companies Act, 2013.
Long term investments are carried at cost. However, provision for diminution in value is made to recognize a
decline other than temporary in the value of the investments. Current investments are carried at the lower
of cost and fair value determined on an individual basis.
On disposal of an investment, the difference between the carrying amount and the net disposal proceeds is
UHFRJQLVHGLQWKH6WDWHPHQWRI3URoWDQG/RVV
(ix) Inventories
Inventories are valued after providing for obsolescence, as follows:
D
5DZ0DWHULDOV6WRUHV 6SDUHSDUWV3DFNLQJ0DWHULDODQG)XHOV
Lower of cost and net realizable value. However, materials and other items held for use in the
SURGXFWLRQRILQYHQWRULHVDUHQRWZULWWHQGRZQEHORZFRVWLIWKHoQLVKHGSURGXFWVLQZKLFKWKH\ZLOOEH
incorporated are expected to be sold at or above cost. Cost is determined on a weighted average basis.
E
:RUNLQSURJUHVV)LQLVKHGJRRGVDQG6WRFNLQ7UDGH
Lower of cost and net realizable value. Cost includes direct materials and labour and a proportion of
PDQXIDFWXULQJRYHUKHDGVEDVHGRQQRUPDORSHUDWLQJFDSDFLW\&RVWRIoQLVKHGJRRGVLQFOXGHVH[FLVH
duty. Cost of Stock-in-Trade includes cost of purchase and other cost incurred in bringing the inventories
to the present location and condition. Cost is determined on a weighted average basis.
Net realizable value is the estimated selling price in the ordinary course of business, less estimated
costs of completion and estimated costs necessary to make the sale.
(x)

&DVK DQG FDVK HTXLYDOHQWV IRU WKH SXUSRVH RI FDVK pRZ VWDWHPHQW FRPSULVH FDVK LQ KDQG FDVK DW EDQN
demand deposits with banks and other short-term highly liquid investments / deposits with an original
maturity of three months or less.
(xi) Revenue recognition

5HYHQXHLVUHFRJQL]HGWRWKHH[WHQWWKDWLWLVSUREDEOHWKDWWKHHFRQRPLFEHQHoWVZLOOpRZWRWKH&RPSDQ\
and the revenue can be reliably measured.
Sale of goods
136
5HYHQXHLVUHFRJQLVHGZKHQWKHVLJQLoFDQWULVNVDQGUHZDUGVRIRZQHUVKLSRIWKHJRRGVKDYHEHHQSDVVHG
to the buyer. Sales are disclosed net of sales tax / value added tax (VAT), trade discounts and returns, as
applicable. Sales exclude self-consumption of cement. Excise duties deducted from turnover (gross) are the
amounts that are included in the amount of turnover (gross) and not the entire amount of liability that arose
during the year.
Corporate Overview
Income from services
Revenue from services is recognised (net of service tax, as applicable) pro-rata over the period of the contract
as and when services are rendered.
Interest and Dividend Income
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the
rate applicable. Dividend income is recognised when the Companys right to receive dividend is established
by the Balance Sheet date.
(xii) Government Grants and Subsidies
a)
Government grants and subsidies are recognized when there is reasonable assurance that the conditions
attached to them will be complied, and grant/subsidy will be received.
b)
Where the Government grants / subsidies relates to revenue, it is recognized as income on a systematic
EDVLVLQWKHVWDWHPHQWRISURoWDQGORVVRYHUWKHSHULRGVQHFHVVDU\WRPDWFKWKHPZLWKWKHUHODWHG
costs, which they are intended to compensate. Government grants and subsidies receivable against an
expense are deducted from such expense.
F
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asset.
d)
Government grants of the nature of promoters contribution are credited to Capital Reserve and treated
as a part of shareholders funds.
(xiii) Leases
Where the Company is the lessee
/HDVHVZKHUHWKHOHVVRUHIIHFWLYHO\UHWDLQVVXEVWDQWLDOO\DOOWKHULVNVDQGEHQHoWVRIRZQHUVKLSRIWKHOHDVHG
LWHP DUH FODVVLoHG DV RSHUDWLQJ OHDVHV 2SHUDWLQJ OHDVH SD\PHQWV DUH UHFRJQL]HG DV DQ H[SHQVH LQ WKH
6WDWHPHQWRI3URoWDQG/RVVRQDVWUDLJKWOLQHEDVLVRYHUWKHOHDVHWHUP
Where the Company is the lessor
$VVHWVVXEMHFWWRRSHUDWLQJOHDVHVDUHLQFOXGHGLQo[HGDVVHWV/HDVHLQFRPHLVUHFRJQLVHGLQWKH6WDWHPHQW
RI3URoWDQG/RVVRQDVWUDLJKWOLQHEDVLVRYHUWKHOHDVHWHUP&RVWVLQFOXGLQJGHSUHFLDWLRQDUHUHFRJQLVHGDV
DQH[SHQVHLQWKHVWDWHPHQWRISURoWDQGORVV,QLWLDOGLUHFWFRVWVVXFKDVOHJDOFRVWVEURNHUDJHFRVWVHWFDUH
UHFRJQLVHGLPPHGLDWHO\LQWKH6WDWHPHQWRI3URoWDQG/RVV
(xiv) Foreign currency transactions
)RUHLJQ FXUUHQF\ WUDQVDFWLRQV DUH LQLWLDOO\ UHFRUGHG DW WKH UDWHV RI H[FKDQJH SUHYDLOLQJ RQ WKH GDWH RI
WUDQVDFWLRQV )RUHLJQ FXUUHQF\ PRQHWDU\ LWHPV DUH VXEVHTXHQWO\ UHSRUWHG XVLQJ WKH FORVLQJ UDWH 1RQ
monetary items which are carried in terms of historical cost denominated in a foreign currency are reported
using the exchange rate at the date of the transaction. Exchange differences arising on the settlement of
monetary items or on reporting Companys monetary items at rates different from those at which they were
LQLWLDOO\UHFRUGHGGXULQJWKH\HDURUUHSRUWHGLQSUHYLRXVoQDQFLDOVWDWHPHQWVDUHUHFRJQLVHGDVLQFRPHRU
as expenses in the year in which they arise.
137
ACC Limited
[Y 5HWLUHPHQWDQGRWKHUHPSOR\HHEHQHoWV
D
6KRUWWHUPHPSOR\HHEHQHoWV
6KRUW WHUP HPSOR\HH EHQHoWV DUH UHFRJQLVHG DV DQ H[SHQVH DW WKH XQGLVFRXQWHG DPRXQW LQ WKH
6WDWHPHQWRI3URoWDQG/RVVRIWKH\HDULQZKLFKWKHUHODWHGVHUYLFHLVUHQGHUHG
E
'HoQHGFRQWULEXWLRn plans
7KH &RPSDQ\
V 2IoFHU
V 6XSHUDQQXDWLRQ )XQG VFKHPH VWDWH JRYHUQHG SURYLGHQW IXQG VFKHPH
HPSOR\HH VWDWH LQVXUDQFH VFKHPH DQG /DERXU :HOIDUH )XQG VFKHPH DUH FRQVLGHUHG DV GHoQHG
contribution plans. The contribution under the schemes is recognised as an expense in the Statement
RI3URoWDQG/RVVZKHQDQHPSOR\HHUHQGHUVWKHUHODWHGVHUYLFH7KHUHDUHQRRWKHUREOLJDWLRQVRWKHU
than the contribution payable to the respective funds.
F
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7KH &RPSDQ\
V *UDWXLW\ IXQG VFKHPH DGGLWLRQDO JUDWXLW\ VFKHPH DQG SRVW HPSOR\PHQW EHQHoW
VFKHPHDUHFRQVLGHUHGDVGHoQHGEHQHoWSODQV7KH&RPSDQ\
VOLDELOLW\LVGHWHUPLQHGRQWKHEDVLVRI
an actuarial valuation using the projected unit credit method as at Balance Sheet date. Actuarial gains
ORVVHVDUHUHFRJQL]HGLPPHGLDWHO\LQWKH6WDWHPHQWRI3URoWDQG/RVVLQWKH\HDULQZKLFKWKH\DULVH
In respect of certain employees, provident fund contributions are made to a trust administered by
WKH&RPSDQ\3HULRGLFFRQWULEXWLRQVWRWKH)XQGDUHFKDUJHGWRWKH6WDWHPHQWRI3URoWDQG/RVV7KH
Company has an obligation to make good the shortfall, if any, between the return from the investment
RIWKHWUXVWDQGLQWHUHVWUDWHQRWLoHGE\WKH*RYHUQPHQWRI,QGLD
G
2WKHUORQJWHUPEHQHoWV
Silver jubilee and long service awards and accumulated compensated absences which are expected
to be availed or encashed beyond 12 months from the end of the year, are treated as other long term
HPSOR\HHEHQHoWVIRUPHDVXUHPHQWSXUSRVHV7KH&RPSDQ\
VOLDELOLW\LVGHWHUPLQHGRQWKHEDVLVRI
an actuarial valuation using the projected unit credit method as at Balance Sheet date. Actuarial gains
ORVVHVDUHUHFRJQL]HGLPPHGLDWHO\LQWKH6WDWHPHQWRI3URoWDQG/RVVLQWKH\HDULQZKLFKWKH\DULVH
138
e)
Accumulated compensated absences, which are expected to be availed or encashed within 12 months
IURP WKH HQG RI WKH \HDU DUH WUHDWHG DV VKRUW WHUP HPSOR\HH EHQHoWV 7KH FRPSDQ\ PHDVXUHV WKH
expected cost of such absences as the additional amount that it expects to pay as a result of the unused
entitlement that has accumulated at the reporting date.
f)
)RUWKHSXUSRVHRISUHVHQWDWLRQRI'HoQHGEHQHoWSODQVDQGRWKHUORQJWHUPEHQHoWVWKHDOORFDWLRQ
between short term and long term provisions has been made as determined by an actuary. The
Company presents the entire compensated absences as a short term provisions, since employee has an
unconditional right to avail the leave at any time during the year.
g)
([SHQVHVLQFXUUHGWRZDUGVYROXQWDU\UHWLUHPHQWVFKHPHDUHFKDUJHGWRWKH6WDWHPHQWRI3URoWDQG
Loss as and when accrue.
Corporate Overview
(xvi) Income taxes
Tax expense comprises of current and deferred tax and includes any adjustments related to past periods
in current and / or deferred tax adjustments that may become necessary due to certain developments or
reviews during the relevant period. Current income tax is measured at the amount expected to be paid to the
WD[DXWKRULWLHVLQDFFRUGDQFHZLWKWKH,QFRPHWD[$FW
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle the asset and the liability on a net basis.
'HIHUUHGLQFRPHWD[HVUHpHFWWKHLPSDFWRIFXUUHQW\HDU
VWLPLQJGLIIHUHQFHVEHWZHHQWD[DEOHLQFRPHDQG
accounting income for the year and reversal of timing differences of earlier years.
Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the
Balance Sheet date. Deferred tax assets are recognised only to the extent that there is reasonable certainty
WKDWVXIoFLHQWIXWXUHWD[DEOHLQFRPHZLOOEHDYDLODEOHDJDLQVWZKLFKVXFKGHIHUUHGWD[DVVHWVFDQEHUHDOLVHG
The carrying amount of deferred tax assets are reviewed at each Balance Sheet date. The Company writesdown the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain that
VXIoFLHQWIXWXUHWD[DEOHLQFRPHZLOOEHDYDLODEOHDJDLQVWZKLFKGHIHUUHGWD[DVVHWFDQEHUHDOLVHG$Q\VXFK
ZULWHGRZQLVUHYHUVHGWRWKHH[WHQWWKDWLWEHFRPHVUHDVRQDEO\FHUWDLQWKDWVXIoFLHQWIXWXUHWD[DEOHLQFRPH
will be available.
(xvii) Provisions and contingent liabilities
A provision is recognized when the Company has a present obligation as a result of past events, if it is probable
WKDWDQRXWpRZRIUHVRXUFHVHPERG\LQJHFRQRPLFEHQHoWVZLOOEHUHTXLUHGWRVHWWOHWKHREOLJDWLRQDQGD
UHOLDEOHHVWLPDWHFDQEHPDGHRIWKHDPRXQWRIWKHREOLJDWLRQ3URYLVLRQVH[FOXGLQJUHWLUHPHQWEHQHoWV
are not discounted to their present value and are determined based on the best estimate required to settle
the obligation at the reporting date. These estimates are reviewed at each Balance Sheet date and adjusted
WRUHpHFWWKHFXUUHQWEHVWHVWLPDWHV
$FRQWLQJHQWOLDELOLW\LVDSRVVLEOHREOLJDWLRQWKDWDULVHVIURPSDVWHYHQWVZKRVHH[LVWHQFHZLOOEHFRQoUPHGE\
the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company
RUDSUHVHQWREOLJDWLRQWKDWLVQRWUHFRJQL]HGEHFDXVHLWLVQRWSUREDEOHWKDWDQRXWpRZRIUHVRXUFHVZLOOEH
required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Company does not recognize
DFRQWLQJHQWOLDELOLW\EXWGLVFORVHVLWVH[LVWHQFHLQWKHoQDQFLDOVWDWHPHQWV
(xviii) Earnings per share
%DVLFHDUQLQJVSHUVKDUHDUHFDOFXODWHGE\GLYLGLQJWKHQHWSURoWRUORVVIRUWKH\HDUDWWULEXWDEOHWRHTXLW\
shareholders by the weighted average number of equity shares outstanding during the year.
)RUWKHSXUSRVHRIFDOFXODWLQJGLOXWHGHDUQLQJVSHUVKDUHWKHQHWSURoWRUORVVIRUWKH\HDUDWWULEXWDEOHWR
equity shareholders and the weighted average number of shares outstanding during the year are adjusted
for the effects of all dilutive potential equity shares.
139
ACC Limited
(xix) Mines Restoration Expenditure
The Company provides for the estimated expenditure required to restore quarries and mines. The total
estimate of restoration expenses is apportioned over the estimate of mineral reserves and a provision is
made based on minerals extracted during the year. Mines restoration expenses is incurred on an on going
basis and until the closure of the quarries and mines. The actual expenses may vary based on the nature
of restoration and the estimate of restoration expenditure. The total estimate of restoration expenses is
reviewed periodically, on the basis of technical estimates.
[[ &ODVVLoFDWLRQRI&XUUHQW1RQ&XUUHQW$VVHWVDQG/LDELOLWLHV
All assets and liabilities are presented as Current or Non-current as per the Companys normal operating cycle
and other criteria set out in Schedule III of the Companies Act, 2013. Based on the nature of products and the
time between the acquisition of assets for processing and their realisation, the Company has ascertained its
operating cycle as 12 months for the purpose of Current / Non current claVVLoFDWLRQRIDVVHWVDQGOLDELOLWLHV
(xxi) Segment Reporting
,GHQWLoFDWLRQRIVHJPHQWV
The Companys operating businesses are organized and managed separately according to the nature of
products and services provided, with each segment representing a strategic business unit that offers different
products and serves different markets. The analysis of geographical segments is based on the areas in which
major operating divisions of the Company operate.
Allocation of common costs
Common allocable costs are allocated to each segment according to the relative contribution of each segment
to the total common costs.
Inter Segment transfers
Inter segment revenue has been accounted for based on the transaction price agreed to between segments
which is based on current market prices.
Unallocated items
Revenue, expenses, assets and liabilities which relate to the Company as a whole and not allocable to
segments on reasonable basis have been included under unallocated revenue / expenses / assets / liabilities.
Segment Policies
The Company prepares its segment information in conformity with the accounting policies adopted for
SUHSDULQJDQGSUHVHQWLQJWKHoQDQFLDOVWDWHPHQWVRIWKH&RPSDQ\DVDZKROH
140
Corporate Overview
3.
SHARE CAPITAL
Authorised Shares
22,50,00,000 (Previous Year - 22,50,00,000) Equity Shares of ` 10 each
10,00,00,000 (Previous Year - 10,00,00,000) Preference Shares of ` 10 each
Issued
(Previous Year - 18,87,93,243) Equity Shares of ` 10 each
Subscribed & Paid-up
(Previous Year - 18,77,45,356) Equity Shares of ` 10 each fully paid
$GG(Previous Year - 3,84,060) Equity Shares of `HDFK)RUIHLWHG
Amount Paid
TOTAL
i)
ii)
2015
` Crore
2014
` Crore
225.00
100.00
225.00
100.00

0.20

0.20

Reconciliation of number of equity shares outstanding
Equity Shares at the beginning of the year
2015
2014
No. of shares
` Crore
No. of shares
` Crore

Equity Shares at the end of the year

Terms / rights attached to equity shares

The Company has only one class of equity shares having par value of ` 10 per share. Each holder of equity
shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to
the number of equity shares held by the shareholders.
iii) Equity shares held by holding company / ultimate holding and their subsidiaries
Holcim (India) Private Limited, the Holding Company

(Previous Year - 9,38,88,120) Equity shares ` 10 each fully paid
Holderind Investments Ltd., Mauritius, Holding Company of Holcim (India)
Private Limited
5,41,000 (Previous Year - 5,41,000) Equity shares ` 10 each fully paid
2015
` Crore
2014
` Crore

0.54
0.54
Both these Companies are subsidiaries of LafargeHolcim Ltd (Formerly known as Holcim Ltd), Switzerland, the
ultimate holding Company.
iv) The Company has issued Nil (Previous Year - 5,064) Equity shares ` HDFKIXOO\SDLGGXULQJWKHSHULRGRIoYH
years immediately preceding the reporting date on exercise of options granted under the employee stock
option plan, wherein part consideration was received in form of employee services.
v)
Details of shareholders holding more than 5% shares in the Company

Life Insurance Corporation of India
2015
2014
No. of shares % holding
No. of shares
% holding

50.01

50.01
2,21,74,751

141
ACC Limited
4.
RESERVES AND SURPLUS

2015
` Crore
2014
` Crore
Capital Reserve
Securities Premium Account
` Crore

Debenture Redemption Reserve

%DODQFHDVSHUODVW)LQDQFLDOVWDWHPHQWV

Less: Transferred to General Reserve

-
General Reserve
Add: Transferred from Debenture Redemption Reserve
$GG7UDQVIHUUHGIURP6XUSOXVLQ6WDWHPHQWRI3URoWDQG/RVV
2,663.30
2,525.30

30.00
130.00

2,663.30
6XUSOXVLQ6WDWHPHQWRI3URoWDQG/RVV
4,456.64

5,344.16
Interim equity dividend

{amount per share ` 11 (Previous Year - ` 15)}
206.52

3URSRVHGoQDOHTXLW\GLYLGHQG
{amount per share ` 6 (Previous Year - ` 19)}
112.65
356.72
Tax on equity dividends

Transfer to General Reserve
30.00
130.00
414.14

$GG3URoWIRUWKH\HDU
Less - Appropriations
TOTAL
142
4,634.07
4,456.64

Corporate Overview
5. DEFERRED TAX LIABILITIES (NET)
Deferred Tax Liabilities arising on account of:

Depreciation and amortisation differences
Deferred Tax Assets arising on account of:
3URYLVLRQIRU(PSOR\HH%HQHoWV
([SHQGLWXUHGHELWHGLQ6WDWHPHQWRI3URoWDQG/RVVEXWDOORZHGIRUWD[
purposes in the following years
Provision for obsolescence of Spare Parts
Others
Net Deferred Tax Liabilities
6.
2015
` Crore
2014
` Crore
652.65
652.65
757.00
757.00
27.57
101.32

44.72

31.46
41.07
221.43
535.57
2015
` Crore
2014
` Crore

20.46

2015
` Crore

0.15
(0.57)
20.46
2014
` Crore

(0.35)

LONG-TERM PROVISIONS
3URYLVLRQIRUHPSOR\HHEHQHoWV(Refer Note - 31)

3URYLVLRQIRUJUDWXLW\DQGVWDIIEHQHoWVFKHPHV
/RQJVHUYLFHDZDUGDQGRWKHUEHQHoWSODQV
Other Provisions
Provision for Mines Restoration
TOTAL
Movement of provision during the year as required by Accounting Standard 29 :

Mines Restoration Expenditure
Opening provision
Add: Provision during the year
Less: Utilisation during the year
Closing provision
Mines restoration expenditure is incurred on an ongoing basis and until the closure of the mine. The actual expenses
may vary based on the nature of restoration and the estimate of restoration expenditure.
143
ACC Limited
7.
SHORT-TERM BORROWINGS
Unsecured
Loans from a related party {Refer Note - 34 (c)xx}
TOTAL
2015
` Crore
2014
` Crore
35.50
35.50
2015
` Crore
2.44
2014
` Crore
-
33.44
0.02

666.77
113.13

0.02
324.27

The above loan is repayable on demand and carries rate of interest at 10.10% p.a.
8.
OTHER CURRENT LIABILITIES
Interest accrued but not due on borrowings

,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQG (Refer Note - (i) below)
Unpaid dividend
Unpaid Matured Deposits
Statutory dues
Advance from customers
Security deposits and retention money
Liability for capital expenditure
Other payables
(including Rebates to customers, Employees dues, etc.)
TOTAL
L 7KHUHDUHQRDPRXQWVGXHDQGRXWVWDQGLQJWREHFUHGLWHGWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQGDVDW
December 31, 2015
9.
SHORT-TERM PROVISIONS
3URYLVLRQIRUHPSOR\HHEHQHoWV(Refer Note - 31)

Provision for compensated absences
Other Provisions
Provision for Income Tax (Net of advance tax)
3URSRVHG)LQDO'LYLGHQG
Tax on proposed dividend
TOTAL
144
2015
` Crore
2014
` Crore

16.74

454.66
112.65

356.72
71.32

Plant and
Equipment
14.46
126.36

TOTAL
0.07
0.07

74.36
4.72
0.25
23.31
7.63

12.43

0.51
0.51
652.77
63.57
30.66
20.03

4,675.36 524.24

40.70

153.17
22.65

7.03
1.46
1.05
1.35

4.75

102.50
37.01
25.71

533.55
45.42
2.24
0.20
0.20

31.16
33.72

0.64
0.64

36.01
163.67

Buildings include Gross block of `&URUH(Previous year - ` 23.86 Crore) and Net block of `&URUH(Previous Year - ` 21.27 Crore) in respect of which
the transfer of title deeds to the name of the Company is under process.
(iv) Depreciation charge for the year includes ` 1.22 Crore (Previous Year - ` 0.12 Crore) capitalised as pre-operative expenses.
(iii) Plant and Equipment includes assets given on lease to Railways under Own Your Wagons Scheme of ` &URUH (Previous Year - ` 28.48 Crore) and
accumulated depreciation `&URUH(Previous Year - ` 28.48 Crore).
(ii)
Notes:(i) Buildings include cost of shares `(Previous Year - ` 4,960) in various Co-operative Housing Societies, in respect of 10 (Previous Year - 10)UHVLGHQWLDOpDWV

Computer Software
133.66
70.73
44.35

7.16
1.54
1.21
174.55

Intangible Assets:
TOTAL

64.04
Vehicles

2.56
43.00
)XUQLWXUH
)L[WXUHV
1.41
134.73

2IoFHHTXLSPHQW

117.32

Railway Sidings
1,351.22
76.71
Leasehold Land
Buildings
132.11
165.66
)UHHKROG0LQLQJ
Land
32.06

` Crore
GROSS BLOCK AT COST
DEPRECIATION / AMORTISATION
NET BLOCK
As at
Additions/ Deductions/
As at
As at
)RUWKH Adjustment as disclosed Deductions/
As at
As at
As at
01-01-2015 Adjustments Adjustments 31-12-2015 01-01-2015 Year under Exceptional item Adjustments 31-12-2015 31-12-2015 31-12-2014
(Refer Note - 51)
)UHHKROG1RQ
Mining Land
Tangible Assets :
Particulars
10. FIXED ASSETS
Corporate Overview
145
146
12.52
121.26
2IoFHHTXLSPHQW

Intangible Assets:
Computer Software
TOTAL
0.17
0.17

Vehicles

41.27
)XUQLWXUH
)L[WXUHV
TOTAL
13.24

122.35
160.30

Plant and
Equipment
Railway Sidings

Leasehold Land
Buildings
14.33
151.33
)UHHKROG0LQLQJ
Land
7.13
14.46
104.43
As at
01-01-2014

7.42
2.00

2.16

12.07
0.01
GROSS BLOCK AT COST

Additions/ Deductions/
Adjustments Adjustments
)UHHKROG1RQ
Mining Land
Tangible Assets :
Particulars
10. FIXED ASSETS (Contd.)

126.36
64.04
43.00

1,351.22
76.71
165.66

As at
31-12-2014

26.71

4,274.14

0.35
0.35
557.35
10.74
5.47
2.33

47.23
2.74
0.20
1.07
1.07

6.55
1.52
0.77
1.65

10.07

63.57
30.66
20.03

4,675.36

40.70

As at
)RUWKH
Deductions/
As at
01-01-2014
Year
Adjustments 31-12-2014
0.64
0.64

36.01
163.67

5,503.13

4,120.12

31.62

104.43
` Crore
NET BLOCK
As at
As at
31-12-2014 31-12-2013
ACC Limited
Corporate Overview
11. NON-CURRENT INVESTMENTS
(VALUED AT COST UNLESS STATED OTHERWISE)
2015
Numbers
Trade Investments
Unquoted equity instruments
Investment in subsidiaries
Face value ` 10 each
Bulk Cement Corporation (India) Limited
Singhania Minerals Private Limited
Less: Diminution in the value of investment
(Refer Note - 42)
National Limestone Company Private Limited
(Refer Note - 42)
Investment in Associates
Alcon Cement Company Private Limited
Asian Concretes and Cements Private Limited
Aakaash Manufacturing Company Private
Limited
Investment in Joint Venture
Oneindia BSC Private Limited
(25,01,000 Shares Subscribed for ` 2.50 Crore
during the year)
2014
Numbers
` Crore
` Crore

20,000
37.27
5.00

20,000
37.27
5.00
3,25,000

3,25,000

15.15

-
2,00,000

4.13
2,00,000

4.13
2,00,000
14.02
2,00,000
14.02

4,401
22.25

6.01

4,401
22.25

6.01
25,01,000
2.50

147
ACC Limited
11. NON-CURRENT INVESTMENTS (contd.)
(VALUED AT COST UNLESS STATED OTHERWISE)
2015
Numbers
Non trade investments
(a) Quoted equity instruments
6KLYD&HPHQW/LPLWHG)DFHYDOXH` 2 each)
(b)
Investment in equity instruments (unquoted)

* Kanoria Sugar & General Mfg. Company
Limited
*Gujarat Composites Limited
*Rohtas Industries Limited
*The Jaipur Udyog Limited
'LJYLMD\)LQOHDVH/LPLWHG
*The Travancore Cement Company Limited
*Ashoka Cement Limited
Face value ` 5 each
*The Sone Valley Portland Cement Company
Limited
2014
Numbers
` Crore
` Crore
2,36,50,000
23.65

2,36,50,000
23.65

60
220
120

100
50
60
220
120

100
50
100
100

Investment in Bonds (Unquoted)
Face value ` 10,00,000 each
5.13% Himachal Pradesh Infrastructure
Development Board Bonds
37
Less: Current portion of long-term

investments#
TOTAL
Notes (I)
(II)
(III)
(iv)
(v)
148
Aggregate amount of quoted Investments

{Market value ` 17.05 Crore (Previous Year - ` 9.63 Crore)}
Aggregate amount of unquoted Investments
Aggregate provision for diminution in value of investments
*Denotes amount less than ` 50,000
#Amount included under the head Current investments
(Refer Note - 14)
3.70

37
3.70
3.70
-
3.70
274.55

37.14

Corporate Overview
12. LONG-TERM LOANS AND ADVANCES
UNSECURED, CONSIDERED GOOD, UNLESS OTHERWISE STATED
2015
` Crore
2014
` Crore
Capital Advances

206.70
Security deposits
204.46

250.17

Loans and advances to related parties {Refer Note - 34 (c)xvii}

Deposits with Government Bodies and Others
Considered good
Considered doubtful

250.17

Advances recoverable in cash or kind
15.01
16.27
Advance tax (Net of provision for tax)
305.16

2015
` Crore
2014
` Crore

360.71

4.70

365.41

4.70

360.71
0.11
466.30
360.71
Less: Allowance for doubtful deposits
TOTAL
13. OTHER NON-CURRENT ASSETS

Incentives under Government schemes and other receivables

Considered good
Considered doubtful
Less: Provision for doubtful receivables
Non-current bank balance (Refer Note - 17)
TOTAL
149
ACC Limited
14. CURRENT INVESTMENTS
9$/8('$7/2:(52)&267$1')$,59$/8(81/(6627+(5:,6(67$7('
2015
Numbers
Current Portion of Long Term Investment
(valued at cost) (Refer Note - 11)
Investment in Bonds (Unquoted)
5.13% Himachal Pradesh Infrastructure
Development Board Bonds
,QYHVWPHQWLQ&HUWLoFDWHRI'HSRVLWV)XOO\SDLGXS
(unquoted)
Unit of Face value ` 1,00,000 each
IDBI Bank Limited
+')&%DQN/LPLWHG
Bank of Maharashtra
Kotak Mahindra Bank Limited
Andhra Bank
Corporation Bank
Oriental Bank
Allahabad Bank
Bank of India
Punjab National Bank
Canara Bank
Union Bank of India
2014
Numbers
` Crore
37
7,500
7,500
25,000
25,000
20,000
10,000
20,000
-
3.70
73.73
74.02
246.51

-
10,000
5,000
17,500
10,000
20,000
10,000
17,500
5,000

171.50

1,132.45
,QYHVWPHQWLQ0XWXDO)XQGV)XOO\SDLGXS8QTXRWHG
Unit of Face value ` 10 each
+')&&DVK0DQDJHPHQW*URZWK
6XQGDUDP0RQH\)XQG*URZWK

55.00
15.00

,&,&,3UXGHQWLDO/LTXLG)XQG6XSHU,3*URZWK
%LUOD6XQOLIH&DVK3OXV)XQG*URZWK
22,21,247.072

45.00
50.00

-
25.00
40.00
-

1,35,134.443

Unit of Face value ` 1,000 each

.RWDN)ORDWHU67*URZWK
5HOLJDUH/LTXLG)XQG*URZWK
6%,3UHPLHU/LTXLG)XQG6XSHU,3*URZWK
5HOLDQFH/LTXLG)XQG*URZWK
,'%,/LTXLG)XQG*URZWK
/ 7/LTXLG)XQG*URZWK
3UDPHULFD/LTXLG)XQG'LUHFW*URZWK
3ULQFLSDO&DVK0DQDJHPHQW)XQG*URZWK
150
` Crore
TOTAL
65.00
1,201.15
40.00
15.00
45.00
15.00
20.00
10.00
40.00
350.00

Aggregate amount of unquoted Investments
1,201.15

Corporate Overview
15. INVENTORIES
(AT COST OR NET REALISABLE VALUE WHICHEVER IS LOWER)
2015
` Crore
2014
` Crore
132.01

Work-in-Progress
241.20
240.32
)LQLVKHG*RRGV
152.54
153.75
0.65
0.37

262.53

20.02

2015
` Crore
2014
` Crore
Unsecured, considered good

Unsecured, considered doubtful
27.45

47.26

27.45

7.41
3.43

7.41
3.43
464.54

410.71
Raw Materials
{Including in transit `&URUH(Previous Year - ` 11.32 Crore)}
Stock-in-trade
Stores & Spare Parts
{Including in transit `&URUH(Previous Year - ` 15.68 Crore)}
Packing Material
)XHOV
{Including in transit ` 6.43 Crore (Previous Year - ` 16.17 Crore)}
TOTAL
16. TRADE RECEIVABLES
Trade receivables outstanding for a period exceeding six months

from the date they are due for payment
Less: Provision for doubtful trade receivables

Other Trade receivables
Secured, considered good
Unsecured, considered good
Unsecured, considered doubtful
Less: Provision for doubtful trade receivables
TOTAL
151
ACC Limited
17. CASH AND BANK BALANCES

Balances with banks:
On current accounts
Deposits with original maturity of less than three months
#On unpaid dividend account
Cash on hand
Other bank balances
*Deposits with original maturity for more than 3 months
but less than 12 months
Deposits with original maturity for more than 12 months
Less : Amount disclosed under other non-current asset (Refer Note - 13)
3RVWRIoFHVDYLQJDFFRXQWV
TOTAL
2015
` Crore
2014
` Crore

33.44
0.11

37.64

0.12

0.11
0.11
0.01
0.01

0.01

304.30
,QFOXGHV o[HG GHSRVLW ZLWK OLHQ LQ IDYRXU RI &RPSHWLWLRQ $SSHOODWH 7ULEXQDO &203$7 RI ` Nil (Previous Year ` 129.27 Crore) (Refer Note - 37)
#These balances are available for use only towards settlement of corresponding unpaid dividend liabilities.
18. SHORT-TERM LOANS AND ADVANCES
Security deposits
Loans and advances to related parties {Refer Note - 34 (c)xvi}
Advances recoverable in cash or kind
Other loans and advances
Balances with statutory / government authorities
'HSRVLWZLWK+')&/LPLWHG
TOTAL
2015
` Crore

0.36
113.61
2014
` Crore

1.60
140.21
116.57
100.00

100.00

2015
` Crore
6.53

55.11
2014
` Crore
4.75
1.30

14.54
19. OTHER CURRENT ASSETS

Interest accrued on investments

Other Accrued Interest
)L[HGDVVHWVKHOGIRUVDOH
TOTAL
152
Corporate Overview
20. REVENUE FROM OPERATIONS
Sale of products
)LQLVKHGJRRGV
Traded goods
Sale of services
Sale of products and services (gross)
Less: Excise duty
Sale of products and services (net)
i)
Details of products sold

)LQLVKHGJRRGV1HWRI([FLVHGXW\
Cement
Ready Mix Concrete
Clinker
Traded Goods
Cement
Ready Mix Concrete
ii)
Details of sale of services

Pumping and Conversion services
Detail of other operating revenue

Provision no longer required written back
Sale of surplus generated power
Incentives and Subsidies
Miscellaneous Income
TOTAL
2015
` Crore
2014
` Crore

112.37

11,432.76
364.07

204.17

257.16

2015
` Crore
2014
` Crore

11,301.51

664.75
17.36

15.22

112.37

76.05
204.17

10.66

214.54

364.07

257.16
2015
` Crore

4.13
22.24
2.04
1.47

2014
` Crore
117.41

10.41
41.45

iii)
21. OTHER INCOME
Interest on Bank deposits

Other interest income
Gain on sale of current investments
Dividend from long term investments
Other
TOTAL
153
ACC Limited
22. COST OF MATERIALS CONSUMED
Opening Stock
Purchase and Incidental expenses
Less: Closing Stock
TOTAL
Details of cost of materials consumed

Slag
Gypsum
)O\$VK
Cement
Aggregates
Others*
TOTAL
2015
` Crore

1,732.72

132.01

2014
` Crore

2015
` Crore

353.05

134.31

2014
` Crore

346.55

114.34

*includes no item which in value individually accounts for 10 percent or more of the total value of materials
consumed.
23. PURCHASE OF TRADED GOODS
2015
` Crore
13.71

Cement
Ready Mix Concrete
TOTAL
24. CHANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN-PROGRESS AND STOCK-IN-TRADE

2015
2014
` Crore
` Crore
Inventories at the end of the year
Stock-in-trade
)LQLVKHG*RRGV
Work-in-progress
Inventories at the beginning of the year
Stock-in-trade
)LQLVKHG*RRGV
Work-in-progress
TOTAL
154
2014
` Crore

72.42

(Increase) /
decrease
` Crore
0.65
152.54
241.20

0.37
153.75
240.32

1.21

0.05
0.37
153.75
240.32

0.05

0.12

12.53

Corporate Overview
25. EMPLOYEE BENEFITS EXPENSE
Salaries and Wages

&RQWULEXWLRQVWR3URYLGHQWDQGRWKHU)XQGV
Staff Welfare Expenses
TOTAL
2015
` Crore
667.23
57.32
45.32

2014
` Crore

42.20

2015
` Crore
460.30
2,262.70
2,723.00
2014
` Crore

2,204.52

2015
` Crore
46.13

67.32
2014
` Crore

34.06

2015
` Crore
651.55
0.51
652.06
2014
` Crore
557.23
0.35

2015
` Crore

404.44
1.07

145.52

23.57
25.44
205.72

110.13
112.76

2014
` Crore

2.73

141.13
4.61

26.15
24.62

26. FREIGHT AND FORWARDING EXPENSE
On Clinker transfer
2QoQLVKHGSURGXFWV
TOTAL
27. FINANCE COSTS
Interest expenses
TOTAL
Depreciation on tangible assets

Amortization of intangible assets
TOTAL
29. OTHER EXPENSES
Consumption of stores and spare parts

Consumption of packing materials
Excise duty variation on opening and closing stock
Rent
Rates and taxes
Repairs to building
Repairs to machinery
Repairs to other Items
Insurance
Discount on sales
Advertisement
Technology and Know-how fees
Miscellaneous expenses (Refer Note - (i) & (ii) below)
TOTAL
155
ACC Limited
29. OTHER EXPENSES (contd.)
Payment to Statutory Auditors (excluding service tax)

As auditors
Audit fees
$XGLWIHHVIRUWD[oQDQFLDOVWDWHPHQWV
Out of pocket expenses
,QRWKHUPDWWHUV&HUWLoFDWLRQ
TOTAL
2015
` Crore
2014
` Crore
3.30
0.53
0.16
0.10

3.11
0.53
0.12
0.01
3.77
i)
ii)
Miscellaneous expenses includes:

D /RVVRQVDOHZULWHRIIRI)L[HG$VVHWV1HW` 30.45 Crore (Previous Year - ` 15.88 Crore)
(b) Provision for other than temporary diminution in long term investment of ` 15.15 Crore
(Previous Year - ` 4.13 Crore)
(c) Non-current Investment written off of ` Nil (Previous Year - ` 0.69 Crore)
30. EARNINGS PER SHARE - [EPS]
1HW3URoWDVSHU6WDWHPHQWRI3URoWDQG/RVV
2015
` Crore
2014
` Crore

Weighted average number of equity shares for Earnings Per Share computation
Shares for Basic Earnings Per Share
Add: Potential diluted equity shares on account of shares in abeyance
(Movement in Number of shares is on account of change in fair value of share)
Number of Shares for Diluted Earnings Per Share
Earnings per Share
156
)DFHYDOXHSHU6KDUH
10.00
10.00
Basic
31.51
62.23
Diluted
31.43
62.06
Corporate Overview
127(6727+(),1$1&,$/67$7(0(176IRUWKH\HDUHQGHG'HFHPEHUFRQWG
31. EMPLOYEE BENEFITS:
D 'HoQHG&RQWULEXWLRQ3ODQVq$PRXQWUHFRJQLVHGDQGLQFOXGHGLQ1RWHk&RQWULEXWLRQVWR3URYLGHQWDQG
RWKHU)XQGVyRI6WDWHPHQWRI3URoWDQG/RVV`&URUH(Previous Year - ` 14.82 Crore).
E 'HoQHG%HQHoW3ODQVq$VSHUDFWXDULDOYDOXDWLRQRQ'HFHPEHU
7KH&RPSDQ\KDVDGHoQHGEHQHoWJUDWXLW\DGGLWLRQDOJUDWXLW\SRVWUHWLUHPHQWPHGLFDOEHQHoWSODQVDQG
7UXVWPDQDJHGSURYLGHQWIXQGSODQDVJLYHQEHORZ
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LL (YHU\HPSOR\HHZKRKDVMRLQHGEHIRUHVW'HFHPEHUDQGVHSDUDWHVIURPVHUYLFHRIWKH&RPSDQ\RQ
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13.71

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18.99

30.39
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4.57

6.03

8.51

19.11
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19.97

39.07

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(6.26)

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520.19

27.97

27.97

165.88

10.05

13.71

21.32

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71.18

4.57

6.03

8.51

(4.87)

4.18

0.04

0.36

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2.58

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445.67

19.97

39.07

41.68

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188.36
85.42
6.26
492.22

149.80

12.36

12.75

-

-

-

447.55

40.51

19.60

41.68
Corporate Overview
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177.24

14.69
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Form AOC-1
STATEMENT CONTAINING SALIENT FEATURES OF THE FINANCIALS STATEMENTS OF SUBSIDIARIES,
ASSOCIATES AND JOINT VENTURES.
(PURSUANT TO FIRST PROVISO TO SUB SECTION (3) OF SECTION 129 READ WITH RULE 5 OF COMPANIES
(ACCOUNTS) RULES, 2014)
Part A: Subsidiaries
` Crore
Sl. Particulars
No.
1
Name of the Subsidiary
ACC Mineral
Resources
Limited
Reporting period for the January

subsidiary
01, 2015 to
December 31,
2015
Reporting currency
and Exchange rate as
on the last date of the
relevant Financial year
in the case of foreign
subsidiaries
BulK Cement
Corporation
(India) Limited
Lucky Minmat
Limited
National
Limestone
Company
Private Limited
Singhania
Minerals
Private
Limited*
January
01, 2015 to
December 31,
2015
January
01, 2015 to
December 31,
2015
January
01, 2015 to
December 31,
2015
January
01, 2015 to
December 31,
2015
NA
NA
NA
NA
NA
Share capital
121.95
33.64
3.25
2.00
0.02
Reserves and surplus
(4.43)
14.53
(3.06)
(0.95)
(0.12)
Total assets
121.88
59.87
0.95
1.76
0.03
Total Liabilities
4.36
11.70
0.76
0.71
0.13
Investments
26.30
Turnover
18.81
10
3URoW/RVVEHIRUHWD[
2.94
(8.24)
(0.45)
(0.22)
(0.04)
11
Tax expenses
0.52
(2.93)
12
3URoW/RVVDIWHUWD[
2.42
(5.31)
(0.45)
(0.22)
(0.04)
13
Proposed Dividend
14
% of shareholding
100%
94.65%
100%
100%
100%
Notes:
*Singhania Minerals Private Limited are yet to commence the operation.
177
ACC Limited
Part B: Associates and Joint Venture
Sl.
No.
Associates
Joint Venture
1DPHRI$VVRFLDWHV-RLQW9HQWXUHV
Alcon Cement
Company
Private Limited
Asian Concretes
and Cements
Private Limited
Aakaash
Manufacturing
Company
Private Limited
Oneindia BSC
Private Limited
Latest audited Balance Sheet Date
December 31,
2015
December 31,
2015
December 31,
2015
December 31,
2015
6KDUHVRI$VVRFLDWHV-RLQW9HQWXUH
held by the company on the year end
4,08,001
81,00,000
4,401
25,01,000
$PRXQWRI,QYHVWPHQWLQ$VVRFLDWHV
Joint Venture (` Crore)
22.25
36.81
6.01
2.50
Extend of Holding %
40%
45%
40%
50%
Description of how there is

VLJQLoFDQWLQpXHQFH
Note (a)
Note (a)
Note (a)
NA
5HDVRQZK\WKHDVVRFLDWHVMRLQW
venture is not consolidated
Net worth attributable to

shareholding as per latest audited
Balance Sheet (` Crore)
10.17
55.05
7.55
1.41
3URoW/RVVIRUWKH\HDU
8.25
15.12
4.16
(2.19)
i.
Considered in Consolidation (` Crore)
3.30
6.81
1.66
(1.09)
ii.
Not Considered in Consolidation (`

Crore)
4.95
8.31
2.50
(1.10)
1RWHD7KHUHLVVLJQLoFDQWLQpXHQFHGXHWRSHUFHQWDJHRIHTXLW\6KDUHFDSLWDO

For and on behalf of the Board of Directors of ACC Limited,
HARISH BADAMI
DIN: 02298385
N.S.SEKHSARIA
Chairman
DIN: 00276351
BERNARD TERVER
Deputy Chairman
DIN: 06771125
ARUNKUMAR R GANDHI
Director
DIN: 00007597
SUNIL K. NAYAK
Director
DIN: 00007347
ASHWIN DANI
Director
DIN: 00009126
FARROKH K. KAVARANA
Director
DIN: 00027689
BURJOR D. NARIMAN
Company Secretary
FALGUNI NAYAR
Director
DIN: 00003633
ERIC OLSEN
Director
DIN: 07238383
CHRISTOF HASSIG
Director
DIN: 01680305
Mumbai, February 10, 2016
178
Corporate Overview

To the Members of ACC Limited
Report on the Consolidated Financial Statements
We have audited the accompanying consolidated
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194
Corporate Overview
(xix) Earnings per share
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195
ACC Limited
3. SHARE CAPITAL

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Authorised Shares
(Previous Year - 22,50,00,000)(TXLW\6KDUHVRI`HDFK
(Previous Year - 10,00,00,000)3UHIHUHQFH6KDUHVRI`HDFK
2015
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Issued
(Previous Year - 18,87,93,243)(TXLW\6KDUHVRI`HDFK


(Previous Year - 18,77,45,356) (TXLW\6KDUHVRI`HDFKIXOO\SDLG
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TOTAL
i)
Reconciliation of number of equity shares outstanding
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2015
No. of shares

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ii) Terms / rights attached to equity shares

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2015
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v) Details of shareholders holding more than 5% shares in the Company
2015
No. of shares
% holding

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196

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Corporate Overview
4. RESERVES AND SURPLUS
2015
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Capital Reserve
Securities Premium Account
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Debenture Redemption Reserve


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General Reserve
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Less - Appropriations
TOTAL

197
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5. DEFERRED TAX LIABILITIES (NET)
2015

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2015

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20.88

2015

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198
Corporate Overview
7. OTHER CURRENT LIABILITIES
2015

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8. SHORT-TERM PROVISIONS
2015

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TOTAL
199
200

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Intangible Assets:
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Corporate Overview
201
ACC Limited
10. NON-CURRENT INVESTMENTS
9$/8('$7&26781/(6667$7('27+(5:,6(
2015
Numbers

` Crore
1XPEHUV
`&URUH
Trade Investments
Unquoted equity instruments
,QYHVWPHQWLQ$VVRFLDWHV

^LQFOXGHVXQDPRUWLVHG*RRGZLOORI
`&URUH(Previous Year - ` 5.23 Crore)}
$GG6KDUHRI3URoW

/HVV'LYLGHQG5HFHLYHG

/HVV$PRUWLVDWLRQRI*RRGZLOO


$GG6KDUHRI3URoW

$DNDDVK0DQXIDFWXULQJ&RPSDQ\3ULYDWH
/LPLWHG

$GG6KDUHRI3URoW
202

Corporate Overview
10. NON-CURRENT INVESTMENTS (Contd.)
9$/8('$7&26781/(6667$7('27+(5:,6(
2015
Numbers

` Crore
`&URUH
1XPEHUV
Non trade investments

(a) Quoted equity instruments
6KLYD&HPHQW/LPLWHG)DFHYDOXH`HDFK

/HVV'LPLQXWLRQLQWKHYDOXHRILQYHVWPHQW

(b) Investment in equity instruments (unquoted)

.DQRULD6XJDU *HQHUDO0IJ&RPSDQ\
/LPLWHG
*XMDUDW&RPSRVLWHV/LPLWHG

5RKWDV,QGXVWULHV/LPLWHG

7KH-DLSXU8G\RJ/LPLWHG

'LJYLMD\)LQOHDVH/LPLWHG
7KH7UDYDQFRUH&HPHQW&RPSDQ\/LPLWHG
$VKRND&HPHQW/LPLWHG

Face value ` 5 each

7KH6RQH9DOOH\3RUWODQG&HPHQW&RPSDQ\
/LPLWHG

,QYHVWPHQWLQ%RQGV8QTXRWHG

+LPDFKDO3UDGHVK,QIUDVWUXFWXUH
'HYHORSPHQW%RDUG%RQGV

/HVV &XUUHQW SRUWLRQ RI ORQJWHUP LQYHVWPHQWV

LL $JJUHJDWHDPRXQWRIXQTXRWHG,QYHVWPHQWV

LLL $JJUHJDWHSURYLVLRQIRUGLPLQXWLRQLQYDOXHRILQYHVWPHQWV

TOTAL
1RWHV

L
$JJUHJDWHDPRXQWRITXRWHG,QYHVWPHQWV
^0DUNHWYDOXH`&URUH(Previous Year - ` 9.63 Crore)}
LY 'HQRWHVDPRXQWOHVVWKDQ`
Y $PRXQWLQFOXGHGXQGHUWKHKHDGk&XUUHQWLQYHVWPHQWVy5HIHU1RWH
203
ACC Limited
11. LONG-TERM LOANS AND ADVANCES
816(&85('&216,'(5('*22'81/(6627+(5:,6(67$7('
2015

` Crore
`&URUH
&DSLWDO$GYDQFHV

6HFXULW\GHSRVLWV

/RDQVDQGDGYDQFHVWRUHODWHGSDUWLHV^5HIHU1RWH+LY`

$GYDQFHVUHFRYHUDEOHLQFDVKRUNLQG

$GYDQFHWD[1HWRISURYLVLRQIRUWD[

2015

` Crore
`&URUH

'HSRVLWVZLWK*RYHUQPHQW%RGLHVDQG2WKHUV
&RQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV$OORZDQFHIRUGRXEWIXOGHSRVLWV
TOTAL
12. OTHER NON-CURRENT ASSETS

816(&85('&216,'(5('*22'81/(6627+(5:,6(67$7('
,QFHQWLYHVXQGHU*RYHUQPHQWVFKHPHVDQGRWKHUUHFHLYDEOHV
&RQVLGHUHGJRRG
&RQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRUGRXEWIXOUHFHLYDEOHV
1RQFXUUHQWEDQNEDODQFH5HIHU1RWH
TOTAL
204
Corporate Overview
13. CURRENT INVESTMENTS
9$/8('$7/2:(52)&267$1')$,59$/8(81/(6667$7('27+(5:,6(
2015
Numbers

` Crore
`&URUH
1XPEHUV
&XUUHQW3RUWLRQRI/RQJ7HUP,QYHVWPHQW
YDOXHGDWFRVW5HIHU1RWH
,QYHVWPHQWLQ%RQGV8QTXRWHG
+LPDFKDO3UDGHVK,QIUDVWUXFWXUH
'HYHORSPHQW%RDUG%RQGV

,QYHVWPHQWLQ&HUWLoFDWHRI'HSRVLWV
)XOO\SDLGXSXQTXRWHG
Unit of Face value ` 1,00,000 each
,'%,%DQN/LPLWHG

+')&%DQN/LPLWHG

%DQNRI0DKDUDVKWUD

.RWDN0DKLQGUD%DQN/LPLWHG

$QGKUD%DQN

&RUSRUDWLRQ%DQN

2ULHQWDO%DQN

$OODKDEDG%DQN

%DQNRI,QGLD

3XQMDE1DWLRQDO%DQN

&DQDUD%DQN

8QLRQ%DQNRI,QGLD

205
ACC Limited
13. CURRENT INVESTMENTS (contd.)
9$/8('$7/2:(52)&267$1')$,59$/8(81/(6667$7('27+(5:,6(
2015
Numbers

` Crore
`&URUH
1XPEHUV
,QYHVWPHQWLQ0XWXDO)XQGV)XOO\SDLGXS
8QTXRWHG
+')&&DVK0DQDJHPHQW*URZWK

6XQGDUDP0RQH\)XQG*URZWK

.RWDN)ORDWHU6KRUW7HUP*URZWK5HJXODU3ODQ

,&,&,3UXGHQWLDO/LTXLG)XQG6XSHU,3*URZWK

%LUOD6XQOLIH&DVK3OXV)XQG*URZWK

6%,3UHPLHU/LTXLG)XQG6XSHU,3*URZWK

5HOLDQFH/LTXLG)XQG*URZWK

,'%,/LTXLG)XQG*URZWK

/ 7/LTXLG)XQG*URZWK

3UDPHULFD/LTXLG)XQG'LUHFW*URZWK

3ULQFLSDO&DVK0DQDJHPHQW)XQG*URZWK

'63%ODFNURFN0RQH\0DQDJHU)XQG5HJXODU
3ODQ*URZWK

7DXUXV/LTXLG)XQG([LVWLQJ3ODQ6XSHU
,QVWLWXWLRQDO*URZWK

5HOLDQFH/LTXLG)XQG&DVK3ODQ*URZWK


':6,QVWD&DVK3OXV)XQG*URZWK
Unit of Face value ` 1,000 each

.RWDN)ORDWHU67*URZWK
5HOLDQFH/LTXLG)XQG7UHDVXU\SODQ*URZWK
5HOLJDUH/LTXLG)XQG*URZWK
206

TOTAL

$JJUHJDWHDPRXQWRIXQTXRWHG,QYHVWPHQWV

Corporate Overview
14. INVENTORIES
$7&267251(75($/,6$%/(9$/8(:+,&+(9(5,6/2:(5
2015

` Crore
`&URUH

:RUNLQ3URJUHVV

)LQLVKHG*RRGV

2015

` Crore
`&URUH
8QVHFXUHGFRQVLGHUHGJRRG

&RQVLGHUHGGRXEWIXO

5DZ0DWHULDOV
^,QFOXGLQJLQWUDQVLW`&URUH(Previous Year - ` 11.32 Crore)}
6WRFNLQWUDGH
6WRUHV 6SDUH3DUWV
3DFNLQJ0DWHULDO
)XHOV
TOTAL
15. TRADE RECEIVABLES
7UDGHUHFHLYDEOHVRXWVWDQGLQJIRUDSHULRGH[FHHGLQJVL[PRQWKV
IURPWKHGDWHWKH\DUHGXHIRUSD\PHQW
/HVV3URYLVLRQIRUGRXEWIXOWUDGHUHFHLYDEOHV
2WKHU7UDGHUHFHLYDEOHV
6HFXUHGFRQVLGHUHGJRRG
8QVHFXUHGFRQVLGHUHGGRXEWIXO
/HVV3URYLVLRQIRUGRXEWIXOWUDGHUHFHLYDEOHV
TOTAL
207
ACC Limited
16. CASH AND BANK BALANCES
&DVKDQGFDVKHTXLYDOHQWV
%DODQFHVZLWKEDQNV
2QFXUUHQWDFFRXQWV
'HSRVLWVZLWKRULJLQDOPDWXULW\RIOHVVWKDQWKUHHPRQWKV
2QXQSDLGGLYLGHQGDFFRXQW
&DVKRQKDQG
2WKHUEDQNEDODQFHV
'HSRVLWVZLWKRULJLQDOPDWXULW\IRUPRUHWKDQPRQWKV
EXWOHVVWKDQPRQWKV
'HSRVLWVZLWKRULJLQDOPDWXULW\IRUPRUHWKDQPRQWKV
/HVV$PRXQWGLVFORVHGXQGHURWKHUQRQFXUUHQWDVVHW5HIHU1RWH
3RVWRIoFHVDYLQJDFFRXQWV
TOTAL

2015
` Crore

`&URUH

,QFOXGHV o[HG GHSRVLW ZLWK OLHQ LQ IDYRXU RI &RPSHWLWLRQ $SSHOODWH 7ULEXQDO &203$7 RI ` 1LO (Previous Year `129.27 Crore)5HIHU1RWH

7KHVHEDODQFHVDUHDYDLODEOHIRUXVHRQO\WRZDUGVVHWWOHPHQWRIFRUUHVSRQGLQJXQSDLGGLYLGHQGOLDELOLWLHV

816(&85('&216,'(5('*22'81/(6627+(5:,6(67$7('
6HFXULW\GHSRVLWV
2WKHUORDQVDQGDGYDQFHV
%DODQFHVZLWKVWDWXWRU\JRYHUQPHQWDXWKRULWLHV
'HSRVLWZLWK+')&/LPLWHG
TOTAL
2015
` Crore

`&URUH

2015
` Crore

`&URUH


816(&85('&216,'(5('*22'81/(6627+(5:,6(67$7('
,QWHUHVWDFFUXHGRQLQYHVWPHQWV
2WKHU$FFUXHG,QWHUHVW
)L[HGDVVHWVKHOGIRUVDOH
TOTAL
208
Corporate Overview
19. REVENUE FROM OPERATIONS
2015

` Crore
`&URUH

2015

` Crore
`&URUH

&HPHQW

5HDG\0L[&RQFUHWH

,QFHQWLYHVDQG6XEVLGLHV

0LVFHOODQHRXV,QFRPH

6DOHRISURGXFWV
)LQLVKHGJRRGV
7UDGHGJRRGV
6DOHRIVHUYLFHV
6DOHRISURGXFWVDQGVHUYLFHVJURVV
/HVV([FLVHGXW\
6DOHRISURGXFWVDQGVHUYLFHVQHW
i)
Details of products sold

)LQLVKHGJRRGV1HWRI([FLVHGXW\
&HPHQW
5HDG\0L[&RQFUHWH
&OLQNHU
7UDGHG*RRGV
ii)
Details of sale of services

3XPSLQJDQG&RQYHUVLRQVHUYLFHV
iii) Detail of other operating revenue

6DOHRIVXUSOXVJHQHUDWHGSRZHU
TOTAL
209
ACC Limited
20. OTHER INCOME
,QWHUHVWRQ%DQNGHSRVLWV
,QWHUHVWRQ,QFRPH7D[
2WKHULQWHUHVWLQFRPH
*DLQRQVDOHRIFXUUHQWLQYHVWPHQWV
2WKHU
TOTAL
2015
` Crore

`&URUH

2015
` Crore

`&URUH

2015
` Crore

`&URUH

21. COST OF MATERIALS CONSUMED
2SHQLQJ6WRFN
3XUFKDVHDQG,QFLGHQWDOH[SHQVHV
/HVV&ORVLQJ6WRFN
TOTAL
Details of cost of materials consumed

6ODJ
Gypsum
)O\$VK
$JJUHJDWHV
&HPHQW
2WKHUV
TOTAL
LQFOXGHV QR LWHP ZKLFK LQ YDOXH LQGLYLGXDOO\ DFFRXQWV IRU SHUFHQW RU PRUH RI WKH WRWDO YDOXH RI PDWHULDOV
FRQVXPHG
22. PURCHASE OF TRADED GOODS
&HPHQW
5HDG\0L[&RQFUHWH
TOTAL
210
2015
` Crore

`&URUH

Corporate Overview
23. CHANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN-PROGRESS AND STOCK-IN-TRADE
2015


6WRFNLQWUDGH
)LQLVKHG*RRGV
:RUNLQSURJUHVV
6WRFNLQWUDGH
)LQLVKHG*RRGV
:RUNLQSURJUHVV
TOTAL
` Crore
`&URUH
,QFUHDVH
GHFUHDVH
`&URUH

2015
` Crore

`&URUH

2015
` Crore

`&URUH

2015
` Crore

`&URUH

24. EMPLOYEE BENEFITS EXPENSE
6DODULHVDQG:DJHV
&RQWULEXWLRQVWR3URYLGHQWDQGRWKHU)XQGV
6WDII:HOIDUH([SHQVHV
TOTAL
25. FREIGHT AND FORWARDING EXPENSE
2Q&OLQNHUWUDQVIHU
2QoQLVKHGSURGXFWV
TOTAL
26. FINANCE COST
,QWHUHVWH[SHQVHV
,QWHUHVWRQ,QFRPH7D[
TOTAL
211
ACC Limited
2015

` Crore
`&URUH

2015

` Crore
`&URUH
&RQVXPSWLRQRIVWRUHVDQGVSDUHSDUWV

&RQVXPSWLRQRISDFNLQJPDWHULDOV

5HSDLUVWRPDFKLQHU\

5HSDLUVWRRWKHU,WHPV

,QVXUDQFH

$GYHUWLVHPHQW


0LVFHOODQHRXVH[SHQVHV5HIHU1RWHEHORZ

'HSUHFLDWLRQRQWDQJLEOHDVVHWV
$PRUWL]DWLRQRILQWDQJLEOHDVVHWV
TOTAL
28. OTHER EXPENSES
([FLVHGXW\YDULDWLRQRQRSHQLQJDQGFORVLQJVWRFN
5HQW
5DWHVDQGWD[HV
5HSDLUVWREXLOGLQJ
5R\DOW\RQPLQHUDOV
Discount on sales
TOTAL
0LVFHOODQHRXVH[SHQVHVLQFOXGHV
D /RVVRQVDOHZULWHRIIRI)L[HG$VVHWV1HW`&URUH(Previous Year - ` 15.88 Crore)
E 1RQFXUUHQW,QYHVWPHQWZULWWHQRIIRI`1LO(Previous Year - ` 0.69 Crore)
212
Corporate Overview
29. EARNINGS PER SHARE - [EPS]
:HLJKWHGDYHUDJHQXPEHURIHTXLW\VKDUHVIRU(DUQLQJV3HU6KDUHFRPSXWDWLRQ
6KDUHVIRU%DVLF(DUQLQJV3HU6KDUH
$GG3RWHQWLDOGLOXWHGHTXLW\VKDUHVRQDFFRXQWRIVKDUHVLQDEH\DQFH
0RYHPHQWLQ1XPEHURIVKDUHVLVRQDFFRXQWRIFKDQJHLQIDLUYDOXHRIVKDUH
1XPEHURI6KDUHVIRU'LOXWHG(DUQLQJV3HU6KDUH
(DUQLQJV3HU6KDUH
)DFHYDOXHSHU6KDUH
%DVLF
Diluted
`
`
`
2015
` Crore

`&URUH

30. EMPLOYEE BENEFITS:

D 'HoQHG&RQWULEXWLRQ3ODQVq$PRXQWUHFRJQLVHGDQGLQFOXGHGLQ1RWHk&RQWULEXWLRQVWR3URYLGHQWDQG
RWKHU)XQGVyRI6WDWHPHQWRI3URoWDQG/RVV`&URUH(Previous Year - ` 14.82 Crore)
E 'HoQHG%HQHoW3ODQVq$VSHUDFWXDULDOYDOXDWLRQRQ'HFHPEHU
7KH&RPSDQ\KDVDGHoQHGEHQHoWJUDWXLW\DGGLWLRQDOJUDWXLW\SRVWUHWLUHPHQWPHGLFDOEHQHoWSODQVDQG
7UXVWPDQDJHGSURYLGHQWIXQGSODQDVJLYHQEHORZ
L
(YHU\HPSOR\HHZKRKDVFRPSOHWHGPLQLPXPoYH\HDUVRIVHUYLFHLVHQWLWOHG WR JUDWXLW\ DW GD\V

VDODU\IRUHDFKFRPSOHWHG\HDURIVHUYLFHV7KHVFKHPHLVIXQGHGZLWKLQVXUDQFHFRPSDQLHVLQWKHIRUPRI
TXDOLI\LQJLQVXUDQFHSROLFLHV
LL (YHU\HPSOR\HHZKRKDVMRLQHGEHIRUHVW'HFHPEHUDQGVHSDUDWHVIURPVHUYLFHRIWKH&RPSDQ\RQ
6XSHUDQQXDWLRQDQGRQPHGLFDOJURXQGVLVHQWLWOHGWRDGGLWLRQDOJUDWXLW\7KHVFKHPHLV1RQ)XQGHG
LLL %HQHoWV XQGHU 3RVW (PSOR\PHQW 0HGLFDO %HQHoW 3ODQV DUH SD\DEOH IRU DFWXDO GRPLFLOLDU\ WUHDWPHQW
KRVSLWDOL]DWLRQIRUHPSOR\HHVDQGWKHLUVSHFLoHGUHODWLYHV7KHVFKHPHLV1RQ)XQGHG
LY 3URYLGHQWIXQGIRUFHUWDLQHOLJLEOHHPSOR\HHVLVPDQDJHGE\WKH&RPSDQ\WKURXJKWUXVWk7KH3URYLGHQW
)XQG RI $&& /WGy LQ OLQH ZLWK WKH 3URYLGHQW )XQG DQG 0LVFHOODQHRXV 3URYLVLRQ $FW 7KH SODQ
JXDUDQWHHV LQWHUHVW DW WKH UDWH QRWLoHG E\ WKH 3URYLGHQW )XQG $XWKRULWLHV 7KH FRQWULEXWLRQ E\ WKH
HPSOR\HUDQGHPSOR\HHWRJHWKHUZLWKWKHLQWHUHVWDFFXPXODWHGWKHUHRQDUHSD\DEOHWRHPSOR\HHVDWWKH
WLPHRIVHSDUDWLRQIURPWKH&RPSDQ\RUUHWLUHPHQWZKLFKHYHULVHDUOLHU7KHEHQHoWVYHVWVLPPHGLDWHO\
RQUHQGHULQJRIWKHVHUYLFHVE\WKHHPSOR\HH
7KHPLQLPXPLQWHUHVWUDWHSD\DEOHE\WKH7UXVWWRWKHEHQHoFLDULHVHYHU\\HDULVEHLQJQRWLoHGE\WKH
*RYHUQPHQW7KH&RPSDQ\KDVDQREOLJDWLRQWRPDNHJRRGWKHVKRUWIDOOLIDQ\EHWZHHQWKHUHWXUQIURP
WKHLQYHVWPHQWVRIWKH7UXVWDQGWKHQRWLoHGLQWHUHVWUDWH
7KH $6% *XLGDQFH RQ ,PSOHPHQWLQJ $6 (PSOR\HH %HQHoWV UHYLVHG LVVXHG E\ $FFRXQWLQJ
6WDQGDUGV%RDUG$6%VWDWHVWKDWEHQHoWSODQVLQYROYLQJHPSOR\HUHVWDEOLVKHGSURYLGHQWIXQGVZKLFK
UHTXLUHLQWHUHVWVKRUWIDOOVWREHUHFRPSHQVHGDUHWREHFRQVLGHUHGDVGHoQHGEHQHoWSODQV$VSHUWKH
*XLGDQFH1RWHIURPWKH$FWXDULDO6RFLHW\RI,QGLDWKH&RPSDQ\KDVREWDLQHGWKHDFWXDULDOYDOXDWLRQRI
LQWHUHVWUDWHREOLJDWLRQLQUHVSHFWRI3URYLGHQW)XQGDQGWKHUHLVQRVKRUWIDOODVDW'HFHPEHUDQG
'HFHPEHU
213
ACC Limited
30. EMPLOYEE BENEFITS (Contd.)
'HoQHG%HQHoW3ODQVDVSHU$FWXDULDOYDOXDWLRQRQ'HFHPEHU
*UDWXLW\,QFOXGLQJ
DGGLWLRQDOJUDWXLW\
)XQGHG
`&URUH
I
II
([SHQVHUHFRJQLVHGLQWKH6WDWHPHQWRI3URoW
Loss for the year ended December 31, 2015
&XUUHQW6HUYLFHFRVW

,QWHUHVW&RVW
1HW$FWXDULDO*DLQV/RVVHV
7RWDOH[SHQVH
Amount recognised in Balance Sheet

3UHVHQWYDOXHRI'HoQHG%HQHoW2EOLJDWLRQ

)DLUYDOXHRISODQDVVHWV
)XQGHGVWDWXV^6XUSOXV'HoFLW`
1HWDVVHWOLDELOLW\DVDW'HFHPEHU
III 3UHVHQW9DOXHRI'HoQHG%HQHoW2EOLJDWLRQ
EHJLQQLQJRIWKH\HDU

&XUUHQW6HUYLFHFRVW
,QWHUHVW&RVW
%HQHoWV3D\PHQWV
1HWWUDQVIHULQRXW
WKHHQGRIWKH\HDU
214
1RQ)XQGHG
`&URUH
3RVW
3URYLGHQW
(PSOR\PHQW
IXQG
0HGLFDOEHQHoWV
3(0%
`&URUH
`&URUH

10.05

13.71

(12.36)

18.99

30.39

4.57

6.03

8.51

19.11

0.04

0.36

(0.32)

2.58

2.66

19.97

39.07

(40.51)

(25.04)

(6.51)

(188.36)

177.24

(11.12)

(11.12)

(85.42)

(85.42)

(85.42)

(6.26)

(6.26)

(6.26)

(492.22)

520.19

27.97

27.97

165.88

10.05

13.71

21.32

(22.60)

71.18

4.57

6.03

8.51

(4.87)

4.18

0.04

0.36

(0.32)

2.58

(0.58)

445.67

19.97

39.07

41.68

(3.96)

(15.43)

(34.78)

188.36
85.42
6.26
492.22
Corporate Overview
*UDWXLW\,QFOXGLQJ
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)XQGHG
`&URUH
IV Fair Value of Plan Assets
3ODQDVVHWVDWWKHEHJLQQLQJRIWKH\HDU
&RQWULEXWLRQVE\(PSOR\HU
&RQWULEXWLRQVE\(PSOR\HH
$FWXDOEHQHoWVSDLG
1HWWUDQVIHULQRXW
3ODQDVVHWVDWWKHHQGRIWKH\HDU
$FWXDOUHWXUQRQSODQDVVHWV
The major categories of plan assets as a

percentage of total plan
*RYHUQPHQWVHFXULWLHV
'HEHQWXUHVDQG%RQGV
(TXLW\6KDUHV
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149.80

12.36

12.75

2.33

177.24

14.69
*UDWXLW\
2015
%

Effect of One percentage point change in the assumed Medical

,QpDWLRQUDWH
,QFUHDVH'HFUHDVHRQDJJUHJDWHVHUYLFHDQGLQWHUHVWFRVWRI3RVW
(PSOR\PHQW0HGLFDOEHQHoWV
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DW'HFHPEHU
`&URUH

`&URUH

-

447.55

40.51

19.60

41.68

(15.45)

(34.78)

21.08

520.19

61.59
3URYLGHQWIXQG
2015

%

One percentage
increase ` Crore
One percentage
decrease ` Crore

0.03

(0.02)

0.32

(0.31)
215
ACC Limited
VII Actuarial Assumptions:
a) Financial Assumptions

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*UDWXLW\
3URYLGHQWIXQG
6DODU\LQFUHDVHUDWH
SD(P.Y.- 7.90 % p.a.)

SD(P.Y.- 8.50% p.a.)
9.31% p.a. (P.Y.- 9.27% p.a.)
SD(P.Y.- 7% p.a.)
b) Demographic Assumptions
0RUWDOLW\SUHUHWLUHPHQW

0RUWDOLW\SRVWqUHWLUHPHQW
Mortality for annuitants LIC (1996-98) ultimate
7XUQRYHUUDWH
SD(P.Y. - 5% p.a.)
0HGLFDOSUHPLXPLQpDWLRQ

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31. SEGMENT REPORTING
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INFORMATION ABOUT PRIMARY BUSINESS SEGMENTS
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REVENUE
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979.10
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949.40

900.26

575.55
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1,150.67

12,799.96 12,681.63

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32. OPERATING LEASE
2015

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34. CAPITAL AND OTHER COMMITMENTS
A)
Estimated value of contracts in capital account remaining

to be executed
B)
For commitments relating to lease arrangements {Refer Note - 32 (a)}
2015
2014
` Crore
` Crore
293.31
719.84
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` Crore
2014
` Crore
28.16
30.97
36.79
0.70
73.46
19.87
33.79
223.74
31.43
30.97
36.79
29.57
73.46
19.87
28.27
250.36
35. (A) CONTINGENT LIABILITIES NOT PROVIDED FOR -
a)
Claims not acknowledged by the Company

Sales tax
Customs demand
Claim by Suppliers
Labour related
Claims for mining Lease rent
Mines and Geology
Others
TOTAL
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` 114.24 Crore (Previous Year ` 106.59 Crore) towards demand of additional Royalty on Limestone based on
the ratio of 1.6 tonnes of Limestone to 1 tonne of Cement produced at its factories in Chattisgarh and on cement
produced vis a vis consumption of limestone at its factory in Tamil Nadu. The Madhya Pradesh High Court has
decided this matter in favour of the Company by directing the Authorities to only demand Royalty based on
quantity of Limestone, actually mined and recorded through statutory documentation, and not based on any ratio.
The Company holds the view that the payment of royalty on limestone is correctly made by the Company
based on the actual quantity of limestone extracted, and feels that similar relief can also be expected from
the Judiciary and / or Authorities in the cases of Chattisgarh & Tamil Nadu Units. In view of the demand being
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37. DETAILS OF DUES TO MICRO AND SMALL ENTERPRISES AS DEFINED UNDER THE MICRO, SMALL AND MEDIUM
ENTERPRISES DEVELOPMENT ACT, 2006*
2015
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39. PARTICULARS OF UN HEDGED FOREIGN CURRENCY EXPOSURE AS AT BALANCE SHEET DATE
2015
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44. CORPORATE SOCIAL RESPONSIBILITY EXPENSES:
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231
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46. THE AGGREGATE AMOUNTS OF ASSETS, LIABILITIES, INCOME AND EXPENSES RELATED TO THE COMPANYS
INTEREST IN THE FIVE JOINT VENTURES COMPANIES ARE AS UNDER:
2015

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47. PROPOSED DIVIDEND
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49. COMPARATIVE FIGURES
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HARISH BADAMI
',1
N.S.SEKHSARIA
Chairman
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Deputy Chairman
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ARUNKUMAR R GANDHI
Director
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per RAVI BANSAL

Partner
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SUNIL K. NAYAK
Director
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ASHWIN DANI
Director
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FARROKH K. KAVARANA
Director
',1
BURJOR D. NARIMAN
Company Secretary
FALGUNI NAYAR
Director
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ERIC OLSEN
Director
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CHRISTOF HASSIG
Director
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232
Corporate Overview
CONSOLIDATED GROUP OPERATING RESULTS for the year ended December 31, 2015
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(3.60)

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CONSOLIDATED GROUP NET WORTH As At December 31,2015

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166.83

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233
ACC MINERAL RESOURCES LIMITED (AMRL)
BOARDS REPORT
TO THE MEMBERS OF
ACC MINERAL RESOURCES LIMITED
Government of India directives, claims have been

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Company for mines development.
The Directors take pleasure in presenting the Annual

Report on the business and operations of the Company
and the Audited Financial Statements for the year ended
December 31, 2015.
1.
FINANCIAL HIGHLIGHTS (Standalone)
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ended December 31, 2015 is summarized below:
PARTICULARS
Total Operational
Income
Other Income
Total Income
Less: Operating
Expenditure
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Depreciation,
Amortization Tax
Less: Depreciation &
Amortization
Less: Finance Cost
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Exceptional Item
Exceptionl Items
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Less: Provision for
Taxation (incl. liability
for earlier years)
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EPS - Basic & Diluted
2.
2015
`
The re-auction / allocation process of other three

coal blocks viz. Marki Barka, Morga IV and Semaria
/ Piparia Coal Blocks is yet to be carried out by the
Ministry of Coal, Government of India.
2014
`
-
4,15,26,365
4,15,26,365
14,52,536
3,24,77,978
3,24,77,978
1,07,96,438
3.
4,00,73,829
2,16,81,540
4.
14,17,810
4,69,174
- 5,66,70,460
3,86,56,019 (3,54,58,094)
3,86,56,019 (3,54,58,094)
52,23,427
3,34,32,592 (3,54,58,094)
2.74
(26.06)
Except for the interest earned on inter corporate

deposit, the Company does not have any income.
DIVIDEND
Your Directors do not recommend payment of dividend
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TRANSFER TO RESERVE
No transfer to reserves has been made during the
year under review.
5.
DEPOSITS
The Company has not accepted any deposits from the
public or the Directors during the year under review.
6.
CONTINUANCE OF THE EXISTING FINANCIAL YEAR

Law Board, the Company will continue to have the
calendar year (1st January - 31st December) as its
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7.
MATERIAL CHANGES AND COMMITMENTS

Except as disclosed elsewhere in the Report, there
have been no material changes and commitments
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Company and the date of this Report.
OPERATIONS
The Company had entered into Joint Venture
Agreements
with
Madhya
Pradesh
State
Mining
Corporation
Limited
(MPSMC)
for
development
of
four
coal
blocks
(viz. Bicharpur, Marki Barka, Morga IV and Semaria
/ Piparia) which were originally allocated by the
Ministry of Coal to MPSMC. Pursuant to the Orders
of the Supreme Court passed in August 2014 and
September 2014, the allocation of the aforesaid coal
blocks by the Ministry of Coal, Government of India
to MPSMC were cancelled. The Ministry of Coal,
Government of India has completed the auction of
Bicharpur Coal Block in February, 2015 and the Block
was allotted to the successful bidder. In terms of the
234
In accordance with the vesting order, the Bicharpur

Coal mine has been handed over to the successful
bidder on April 6, 2015. The Company is in discussion
with the successful bidder for realization of the
investment made in Bicharpur Coal Block.
8.
SIGNIFICANT & MATERIAL ORDERS PASSED BY THE

REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERN STATUS OF THE COMPANY
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the Regulators or Courts or Tribunals impacting the
going concern status of the Company.
9.
PARTICULARS
INVESTMENTS
OF
LOANS,
GUARANTEES
OR
The Company has given loans to its Joint Venture

Companies as well as its Holding Company under
Corporate Overview
the provisions of Section 186 of the Companies Act,

2013, the details of which are mentioned in the
Notes forming part of the Financial Statements.
10. INTERNAL FINANCIAL CONTROLS
General Meeting. Accordingly, his candidature for

appointment as a Director has been included in the
Notice convening the Annual General Meeting of
the Company.
The Company being a wholly owned subsidiary of

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are applicable to the Company. These are adequate
and commensurate with the requirements of
the Company.
Cessation of Directorship
Mr Harish Badami who was appointed as a Director
of the Company with effect from October 20, 2014,
ceased to be a Director of the Company with effect
from April 01, 2015.
11. CONTRACT OR ARRANGEMENT WITH RELATED

PARTIES
Mr Rajiv Prasad who was appointed as a Director

of the Company with effect from October 24, 2011,
In accordance with the provisions of Section 188

of the Companies Act, 2013 and Rules framed
thereunder, the transactions entered into with
Related Parties are in the ordinary course of business
and on an arms length pricing basis. There are no
material related party transactions. Accordingly,
there is no requirement to furnish any information in
Form AOC 2.
12. DIRECTORS AND KEY MANAGERIAL PERSONNEL
Appointment of Directors
The Board of Directors had appointed Mr Noshir H Italia
and Dr I B De as Additional Directors of the Company in
the category of Non-Executive / Independent Directors
with effect from March 31, 2015, each for a term of
oYH\HDUVUHVSHFWLYHO\3XUVXDQWWRWKHSURYLVLRQVRI
Section 152(2) and Section 161 of the Companies
Act, 2013, the candidature of Mr N H Italia and
Dr I B De for appointment as Directors in the category
of Non-Executive / Independent Director have been
included in the Notice convening the Annual General
Meeting of the Company.
Pursuant to the provisions of Section 149 of the
Companies Act, 2013, the Board of Directors has
appointed a woman director, Mrs Jer N Dhondy as an
$XJXVW 0UV 'KRQG\ KROGV RIoFH XS WR WKH
date of the forthcoming Annual General Meeting.
Accordingly, her candidature for appointment as a
Director has been included in the Notice convening the
Annual General Meeting of the Company.
The Board of Directors has appointed Mr Naveen
Chadha as an Additional Director of the Company
with effect from October 15, 2015. Mr Naveen
&KDGKD KROGV RIoFH XSWR WKH GDWH RI WKH $QQXDO
Mr Rajendra Singh Rathore who was appointed as

a Director of the Company with effect from April 21,
2011, ceased to be a Director of the Company with
effect from April 09, 2015.
Mr Burjor D Nariman who was appointed as a Director
of the Company with effect from January 27, 2010,
Mr Madan Lall Narula who was appointed as a
Director of the Company with effect from April 21,
effect from August 03, 2015.
The Board has placed on record its appreciation of the
valuable contribution made by Mr Harish Badami,
Mr Rajiv Prasad, Mr Rajendra Singh Rathore, Mr Burjor
D Nariman and Mr Madan Lall Narula during their
respective tenures as Directors of the Company.
Directors Retiring by Rotation
In accordance with the provisions of the Companies
Act, 2013, Mr Sunil Nayak retires by rotation and
being eligible offers himself for re-appointment as a
Director of the Company. Accordingly, the proposal
for his re-appointment has been included in the
Notice convening the Annual General Meeting of
the Company.
a. Declaration of Independence by Directors
The Independent Directors of the Company,
viz. Mr Noshir H Italia and Dr I B De have given a
declaration toWKH&RPSDQ\FRQoUPLQJWKDWWKH\
meet the criteria of independence as mentioned
under Section 149(6) of the Companies Act, 2013.
235
b.
Independent Directors Meeting

During the year under review, the Independent
Directors met once on October 15, 2015. Both
the Independent Directors were present for
the Meeting.
ii.
Appointment and Remuneration of Directors

For the appointment of Directors, the Board considers
WKH TXDOLoFDWLRQ H[SHULHQFH H[SHUWLVH RI WKH
FDQGLGDWHVLQWKHLUUHVSHFWLYHoHOGVWKHLUSURIHVVLRQDO
business standing and diversity of the Board. For
appointment of Directors other than Independent
Directors, in addition to the above criteria, the
recommendation, if any, received from the Holding
Company would also be considered.
During the year, the Board of Directors decided to pay
sitting fees to the Independent Directors of ` 5,000/for each meeting of the Board and Audit Committee
attended by them. The representatives of ACC on the
Board of Directors of the Company are not paid sitting
fees. No other remuneration is paid to the Directors.
Evaluation of the Board and its Committees
Pursuant to the provisions of the Companies Act,
2013, the Board has carried out annual performance
evaluation of its own performance, the directors
individually, as well as the evaluation of the working
of its Audit and Nomination and Remuneration
Committees.
Appointment of Key Managerial Personnel
During the year 2015, the Company appointed
Mr Sariputta Mishra as Manager and Mr Dinesh
6RQWKDOLD DV &KLHI )LQDQFLDO 2IoFHU DQG &RPSDQ\
Secretary. Both Mr Mishra and Mr Sonthalia are
employees of ACC Limited, the Holding Company,
deputed as Key Managerial Personnel in the Company
and no remuneration is being drawn by them
separately from the Company.
according to the information and explanations
statements in terms of Section 134(3)(c) of the
Companies Act, 2013:
L WKDW LQ WKH SUHSDUDWLRQ RI WKH DQQXDO oQDQFLDO
statements for the year ended December 31,
2015, the applicable accounting standards have
been followed along with proper explanation
relating to material departures, if any;
236

1RWHRIWKH1RWHVWRWKHoQDQFLDOVWDWHPHQWV
have been selected and applied consistently and
judgements and estimates have been made
Company as at December 31, 2015 and of the
SURot of the Company for the year ended on
that date;
LLL WKDW SURSHU DQG VXIoFLHQW FDUH KDV EHHQ WDNHQ

LY WKDWWKHDQQXDOoQDQFLDOVWDWHPHQWVKDYHEHHQ
prepared on a going concern basis;
v.
that systems to ensure compliance with the

provisions of all applicable laws were in place
and were adequate and operating effectively.
14. MEETINGS
Board Meetings
The Company held a minimum of one board meeting
in every quarter. During the year ended December 31,
2015, six Board Meetings were held on January 20,
2015, March 31, 2015, April 08, 2015, July 14, 2015,
August 13, 2015 and October 15, 2015.
Audit Committee
The Audit Committee comprises the following
Members:
v
v
v
0U 1RVKLU ,WDOLD &KDLUPDQ 1RQ([HFXWLYH

Independent Director
'U,%'H1RQ([HFXWLYH,QGHSHQGHQW'LUHFWRU
0U6XQLO1D\DN1RQ([HFXWLYH'LUHFWRU
During the year, Audit Committee Meetings

were held on April 08, 2015, July 14, 2015 and
October 15, 2015.
Nomination & Remuneration Committee
The Nomination & Remuneration Committee
comprises the following Members:
Mr Noshir Italia (Chairman), Non-Executive /
Dr I B De, Non-Executive / Independent Director
Mr Sunil Nayak, Non-Executive Director
Corporate Overview
During the year, Nomination & Remuneration

Committee Meetings were held on April 08, 2015,
July 14, 2015, August 13, 2015 and October 15, 2015.
The Company is not required to constitute a Corporate
Social Reponsibility Committee.
15. DETAILS OF SUBSIDIARIES / JOINT VENTURES /
ASSOCIATE COMPANIES
The Company does not have Subsidiary or Associate
Companies. The following are the Joint Venture
Companies:
MP AMRL (Bicharpur) Coal Company Limited
MP AMRL (Marki Barka) Coal Company Limited
MP AMRL (Semaria / Piparia) Coal Company Limited
MP AMRL (Morga IV) Coal Company Limited
The Company holds 49% equity in each of the four
joint venture companies and the balance 51% equity
is held by MPSMC.
16. AUDITORS
The Companies (Management and Administration)

Rules, 2014 in the prescribed Form MGT-9 is enclosed
as Annexure A.
19. SECRETARIAL AUDIT
Pursuant to provisions of Section 204 of the Companies
Act, 2013 and The Companies (Appointment and
Remuneration of Managerial Personnel) Rules,
2014, the Company has appointed Messrs Pramod
6 6KDK $VVRFLDWHV D oUP RI &RPSDQ\ 6HFUHWDULHV
in Practice, to undertake the Secretarial Audit of the
Company. The Secretarial Audit Report is enclosed
as Annexure B.
20. PARTICULARS OF CONSERVATION OF ENERGY,
TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS & OUTGO
As no business activity was carried out, the
information on conservation of energy, technology
absorption and foreign exchange earnings & outgo,
during the year is Nil.
There are no employees on the rolls of the Company,

Messrs. K S Aiyar & Co, Chartered Accountants,
hence there is no disclosure under Section 197(12)
(ICAI Firm Registration No. 100186W) who are the
of the Companies Act, 2013 read with Rule 5(1)
Statutory Auditors of the Company, retire at the
and 5(2) of The Companies (Appointment and
conclusion of the ensuing Annual General Meeting.
Remuneration of Managerial Personnel) Rules, 2014.
As required under the provision of Section 139 of the 22. ACKNOWLEDGEMENT
Companies Act, 2013, the Company has obtained
Your Directors take this opportunity to express
ZULWWHQFRQoUPDWLRQIURP0HVVUV.6$L\DU &RWKDW
their grateful appreciation of the assistance and
their appointment, if made, would be in conformity
co-operation received from the Government
with the Companies Act, 2013. Your Directors
authorities. Your Directors also acknowledge the
recommend the re-appointment of Messrs. K S Aiyar
unstinted assistance received from ACC Limited, the
& Co, Chartered Accountants, as Auditors of the
Holding Company.
Company for the year 2016.
17. VIGIL MECHANISM
As per the provisions of Section 177(9) of the
Companies Act, 2013, the Company is required to
establish an effective vigil mechanism. The vigil
mechanism viz. EthicalView Reporting Policy of ACC
Limited, the Holding Company, has been extended to
the Company.
18. ANNUAL RETURN
The Extract of Annual Return pursuant to
Section 92(3) of the Companies Act, 2013 read with
Sunil K. Nayak
Director
DIN: 00081466
Jer N Dhondy
Director
DIN: 07254019
Mumbai
January 25, 2016
5HJLVWHUHG2IoFH
Cement House
121, Maharshi Karve Road,
Mumbai 400 020
237

FORM No. MGT- 9

[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
CIN
U10100MH1930PLC001612
Registration Date
July 26, 1930
Name of the Company
Category / Sub Category of the Company
Indian Non Government - Limited by shares - Public Company
Cement House, 121, Maharshi Karve Road, Mumbai 400 020

Tel. No: 022-33024321
No
Whether Listed Company

Not Applicable
II. Principal Business Activities of the Company

All the Business Activities contributing 10% or more of the total turnover of the Company shall be stated:
Name and Description of the main
Product / Services
NIC Code of the

Product / Service
% to total turnover of the Company
1010
NIL
Mining and development of coal blocks
III. Particulars of Holding, Subsidiary and Associate Companies

Name and address of the Company
CIN / GLN
ACC Limited
Holding /
% of Applicable
Subsidiary / Shares
Section
Associate
held
Holding
L26940MH1936PLC002515
Cement House 121, Maharshi Karve Road, Mumbai 400 020
100%
2(46)
IV. Shareholding Pattern (Equity Share Capital Breakup as percentage of Total Equity)
i) Category - wise Shareholding
Category of
Shareholders
Promoters (including
Promoter Group)
(1) Indian
a) Individuals / HUF
b) Central Govt.
c) State Govt.(s)
d) Bodies Corporate
e) Banks / Fl
f) Any Other (specify)
No. of Shares held at the beginning of the year

(January 1, 2015)
Demat
Physical
Total
% of Total
Shares
10
10
No. of Shares held at the end of the year

(December 31, 2015)
%
Change
% of Total during
the year
Shares
Demat
Physical
Total
20
20
100
A.
12194970
12194970
100
20
20
10
12195000
12195000
100
100
10
50
100
12194970 12194970
Directors
Sub-Total (A)(1)
238
12195000 12195000
Corporate Overview
Category of
Shareholders

(January 1, 2015)

(December 31, 2015)
Demat
Physical
Total
% of Total
Shares
Demat
12195000
12195000
100
Foreign Venture
Capital Funds
i)
Any Other (specify)
Sub-Total (B)(1)
(2) Non-Institutions
a) Bodies Corporate
i)
Indian
ii) Overseas
b) Individuals
i)
ii) Individual Shareholders
capital in excess of
` 1 lakh
c)
(2) Foreign
a) NRIs - Individuals
b) Other - Individuals
c) Bodies Corporate
d) Banks / Fl
e) Any Other (specify)
Sub-Total (A)(2)
Total Shareholding of
Group (A)=(A)(1)+(A)(2)
B. Public Shareholding
(1) Institutions
a) Mutual Funds
b) Banks / FI
c) Central Govt.
d) State Govt.(s)
e) Venture Capital Funds
f) Insurance Companies
g) FIIs
h)
Any Other (specify)
Sub-Total (B)(2)
(B)=(B)(1)+(B)(2)
C. Shares held by
Custodian for
GDRs & ADRs
Grand Total (A)+(B)+(C)
Physical
Total
12195000 12195000
%
Change
% of Total during
the year
Shares
100
12195000
12195000
100
100
12195000 12195000
239
ii) Shareholding of Promoters (including Promoter Group)

Sr. Shareholders Name
No.
1
2
3
4
5
6
7
Shareholding at the beginning of the year

(January 1, 2015)
% of Shares
No. of
% of total
pledged /
Shares
shares
encumbered to
of the
total shares
Company
ACC Limited
Mr Harish Badami jointly
with ACC Limited
Mr Sunil Nayak jointly
with ACC Limited
Mr Burjor D Nariman
jointly with ACC Limited
Mr
Rajendra
Singh
Rathore jointly with ACC
Limited
Mrs J N Dhondy jointly
with ACC Limited
Mr S Viswanathan jointly
with ACC Limited
12194970
05
Total
12195000
100
Shareholding at the end of the year

% change in
(December 31, 2015)
shareholding
during the
% of Shares
No. of
% of total
year
pledged /
Shares
shares of the
Company encumbered to
total shares
0
0
12194970
05
05
05
0
0
0
0
05
05
05
05
05
05
05
12195000
05
100
100
100
iii) Change in Promoters (including Promoter Group) Shareholding (please specify, if there is no change)
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
Cumulative Shareholding during the year

(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
of the Company
ACC Limited
12194970
100

Promoters Shareholding during
the year specifying the reasons for
increase / decrease
No change

2
05
05
05

increase / decrease
No change

Mr Sunil Nayak jointly with ACC Limited
increase / decrease
240
100
Mr Harish Badami jointly with ACC Limited

12194970
05
0
No change
Corporate Overview
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
Mr Burjor D Nariman jointly with ACC Limited

increase / decrease
05
Mr S Viswanathan jointly with ACC Limited

increase / decrease

(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
of the Company
0
No change
Mr Rajendra Singh Rathore jointly with ACC Limited

05
increase / decrease
Mrs J N Dhondy jointly with ACC Limited
increase / decrease
05
05
05
05
0
No change
05
0
No change
05
0
No change
iv) Shareholding Pattern of top ten Shareholders (Other than Directors, Promoters and Holders of GDRs and ADRs)
as on December 31, 2015: Not Applicable.
v) Shareholding of Directors and Key Managerial Personnel:
Shareholding at the beginning of the year Cumulative Shareholding during the year
Sr.
No.
(January 1, 2015)
(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
% of total shares of
No of shares
the company
the company
1
Mr Harish Badami jointly with ACC Limited (ceased to be a Director with effect from 01.04.2015)
05
Date wise Increase / (transfer):
No change

2
05
05
Mr Sunil Nayak jointly with ACC Limited

05
0
No change
241
Sr.
No.
(January 1, 2015)
(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
the company
No of shares
Mr Burjor D Nariman jointly with ACC Limited (resigned with effect from 09.04.2015)
05
No change

4
05
05
05
Mr Rajendra Singh Rathore jointly with ACC Limited (resigned with effect from 09.04.2015)
05
No change

5
the company
Mrs J N Dhondy jointly with ACC Limited (appointed Director with effect from 13.08.2015)
05
No change

Note: None of the Key Managerial Personnel hold shares in the Company.
V. Indebtedness
Indebtedness of the Company including interest outstanding / accrued but not due for payment:
Secured Loans
excluding
deposits
Unsecured
Loans
Deposits
Total
Indebtedness
` Crore
i) Principal Amount
ii) Interest due but not paid
iii) Interest accrued but not due
Total (i+ii+iii)
Addition
Reduction
Net Change
i) Principal Amount
Total (i+ii+iii)
,QGHEWHGQHVVDWWKHHQGRIWKHoQDQFLDO\HDU
242
Corporate Overview
VI. Remuneration of Directors and Key Managerial Personnel:

A. Remuneration to Managing Director, Whole-time Directors and/or Manager: Not Applicable
B. Remuneration to Other Directors:
Dr I B De
Total Amount
`
30,000
35,000
65,000
v&RPPLVVLRQ
v2WKHUVSOHDVHVSHFLI\
30,000
35,000
65,000
v)HHIRUDWWHQGLQJ%RDUG&RPPLWWHH0HHWLQJV
v&RPPLVVLRQ
Total (2)
30,000
35,000
65,000
Particulars of Remuneration
Total (1)
2
Names of Directors
Mr N H Italia
Sr
No.
Total = (1)+(2)
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD:

Kindly refer to paragraph on Key Managerial Personnel appearing at Point No. 12 of the Boards Report.
VII. Penalties / Punishment / Compounding of Offences:

There were no penalties / punishments / compounding of offences for the year ended December 31, 2015.
Mumbai
January 25, 2016
Sunil K. Nayak
Director
Jer N Dhondy
Director
243

ANNEXURE B TO BOARDS REPORT
Form No. MR-3

SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2015
[Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
We have conducted the secretarial audit of the compliance
of applicable statutory provisions and the adherence
to good corporate practices by ACC Mineral Resources
Limited (hereinafter called the Company). Secretarial
Audit was conducted in a manner that provided
us a reasonable basis for evaluating the corporate
conducts / statutory compliances and expressing our
opinion thereon.
%DVHG RQ RXU YHULoFDWLRQ RI WKH &RPSDQ\
V ERRNV
SDSHUV PLQXWH ERRNV IRUPV DQG UHWXUQV oOHG DQG
other records maintained by the Company and also the
LQIRUPDWLRQSURYLGHGE\WKH&RPSDQ\LWVRIoFHUVDJHQWV
and authorized representatives during the conduct of
secretarial audit, we hereby report that in our opinion,
the Company has, during the audit period covering the
oQDQFLDO \HDU HQGHG RQ 'HFHPEHU FRPSOLHG
with the statutory provisions listed hereunder and also
that the Company has proper Board-processes and
compliance mechanism in place to the extent, in the
manner and subject to the reporting made hereinafter.
We have examined the books, papers, minute books,
IRUPVDQGUHWXUQVoOHGDQGRWKHUUHFRUGVPDLQWDLQHGE\
WKH&RPSDQ\IRUWKHoQDQFLDO\HDUHQGHGRQ'HFHPEHU
31, 2015 according to the provisions of:
(i)
The Companies Act, 2013 (the Act) and the rules

made thereunder;
We further report thatThe Board of Directors of the Company is duly

constituted with proper balance of Executive Directors,
Non-Executive Directors and Independent Directors.
The changes in the composition of the Board of
Directors that took place during the period under review
were carried out in compliance with the provisions
of the Act.
Adequate notice is given to all directors to schedule the
Board Meetings. Agenda and detailed notes on agenda
were sent at least seven days in advance, and a system
exists for seeking and obtaining further information and
FODULoFDWLRQV RQ WKH DJHQGD LWHPV EHIRUH WKH PHHWLQJ
and for meaningful participation at the meeting.
During the period, all the decisions in the Board Meetings
were carried out unanimously.
We have relied on the representation made by the
&RPSDQ\LWV2IoFHUVDQG5HSRUWVRIWKH6WDWXWRU\$XGLWRU
for systems and mechanism framed by the Company for
compliances under other Acts, Laws and Regulations
applicable to the Company as listed in Annexure 1.
We further report that there are adequate systems and
processes in the Company commensurate with the size
and operations of the Company to monitor and ensure
compliance with applicable laws, rules, regulations and
guidelines. (As mentioned above and listed in Annexure 1).
We further report that during the audit period there were
QRVSHFLoFHYHQWVDFWLRQVKDYLQJDPDMRUEHDULQJRQWKH
Companys affairs.
Pramod S. Shah
Partner
(ii) The Securities Contracts (Regulation) Act, 1956

(SCRA) and the rules made thereunder;
PRAMOD S. SHAH & ASSOCIATES

FCS No.: 334
C P No.: 3804
(iii) The Depositories Act, 1996 and the Regulations and

Bye-laws framed thereunder;
(iv) Secretarial Standards issued by The Institute of
Company Secretaries of India (SS-1 & SS-2).
244
Place: Mumbai
Date: January 22, 2016
Corporate Overview
Annexure I
1.
Employees Provident Fund Act, 1952 and Rules
2.
Professional Tax Act, 1975 and Rules
3.
Payment of Gratuity Act, 1972
4.
Apprentices Act, 1961
5.
Contract Labour (R&A) Act, 1970
(PSOR\PHQW ([FKDQJHV &RPSXOVRU\ 1RWLoFDWLRQ

of vacancies) Act, 1959
7.
Employees State Insurance Act, 1947
8.
Employees Provident Fund & Misc provisions

Act, 1952
9.
Equal Remuneration Act, 1976
10. Minimum Wages Act, 1948

11. Payment of Bonus Act, 1965
12. Shop and Establishment Act
13. Income Tax Act, 1961
14. Finance Act, 1994
245

The Board of Directors of ACC MINERAL RESOURCES LIMITED
Report on the Consolidated Financial Statements for the

year ended December 31, 2015
Managements responsibility
oQDQFLDOVWDWHPHQWV
consolidated
reasonable assurance about whether the consolidated

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The Companys Board of Directors is responsible for the

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in terms of the requirements of the Companies Act,
2013 (hereinafter referred to as the Act) that give a
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companies in accordance with the accounting principles
generally accepted in India, including the Accounting
with Rule 7 of the Companies (Accounts) Rules, 2014. The
respective Board of Directors of the companies included
in the Consolidated Financial Statements are responsible
for maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding
the assets of the respective companies and for preventing
and detecting frauds and other irregularities; the selection
and application of appropriate accounting policies;
making judgments and estimates that are reasonable
and prudent; and the design, implementation and
PDLQWHQDQFHRIDGHTXDWHLQWHUQDOoQDQFLDOFRQWUROVWKDW
were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the
SUHSDUDWLRQDQGSUHVHQWDWLRQRIWKHFRQVROLGDWHGoQDQFLDO
statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error,
which have been used for the purpose of preparation of
WKHFRQVROLGDWHGoQDQFLDOVWDWHPHQWVE\WKH'LUHFWRUVRI
the Company as aforesaid.
An audit involves performing procedures to obtain audit

evidence about the amounts and the disclosures in
WKH FRQVROLGDWHG oQDQFLDO VWDWHPHQWV 7KH SURFHGXUHV
selected depend on the auditors judgment, including
the assessment of the risks of material misstatement
RI WKH FRQVROLGDWHG oQDQFLDO VWDWHPHQWV ZKHWKHU GXH
to fraud or error. In making those risk assessments, the
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WKH &RPSDQ\
V SUHSDUDWLRQ RI WKH FRQVROLGDWHG oQDQFLDO
statements that give a true and fair view in order to
design audit procedures that are appropriate in the
circumstances but not for the purpose of expressing
an opinion on whether the Company has an adequate
LQWHUQDOoQDQFLDOFRQWUROVV\VWHPRYHUoQDQFLDOUHSRUWLQJ
in place and the operating effectiveness of such controls.
An audit also includes evaluating the appropriateness of
the accounting policies used and the reasonableness of
the accounting estimates made by the Companys Board
of Directors, as well as evaluating the overall presentation
RIWKHFRQVROLGDWHGoQDQFLDOVWDWHPHQWV
Our responsibility is to express an opinion on these

We have audited the accompanying Consolidated FRQVROLGDWHG oQDQFLDO VWDWHPHQWV EDVHG RQ RXU DXGLW
Financial Statements of ACC MINERAL RESOURCES While conducting the audit, we have taken into account
LIMITED (the Company) and its 4 joint venture companies the provisions of the Act, the accounting and auditing
which comprises the Consolidated Balance Sheet as at standards and matters which are required to be included
31st December, 2015, the Consolidated Statement of in the audit report under the provisions of the Act and the
3URoWDQG/RVVDQGWKH&RQVROLGDWHG&DVK)ORZ6WDWHPHQW Rules made thereunder.
IRU WKH \HDU WKHQ HQGHG DQG D VXPPDU\ RI VLJQLoFDQW We conducted our audit in accordance with the Standards
accounting policies and other explanatory information RQ $XGLWLQJ VSHFLoHG XQGHU 6HFWLRQ RI WKH $FW
KHUHLQDIWHU UHIHUUHG WR DV kWKH FRQVROLGDWHG oQDQFLDO Those Standards require that we comply with ethical
statements).
requirements and plan and perform the audit to obtain
246
for
the
We believe that the audit evidence obtained by us is

VXIoFLHQWDQGDSSURSULDWHWRSURYLGHDEDVLVIRURXUDXGLW
RSLQLRQRQWKHFRQVROLGDWHGoQDQFLDOVWDWHPHQWV
Opinion
In our opinion and to the best of our information and
according to the explanations given to us, the aforesaid
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required by the Act in the manner so required and give
Corporate Overview
a true and fair view in conformity with the accounting

principles generally accepted in India, of the consolidated
state of affairs of the Company as at 31st December, 2015,
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pRZVIRUWKH\HDUHQGHGRQWKDWGDWH
Other Matters
7KH oQDQFLDO VWDWHPHQWV RI MRLQW YHQWXUH FRPSDQLHV
that are consolidated have been audited by us only for
WKH SXUSRVH RI SUHSDULQJ WKHVH FRQVROLGDWHG oQDQFLDO
statements by the Company and not as Statutory Auditors
of those 4 joint venture companies.
(e) On the basis of the written representations

received from the directors of the Company as
on 31st December, 2015 taken on record by the
Board of Directors of the Company, none of the
GLUHFWRUV RI WKH &RPSDQ\ LV GLVTXDOLoHG DV RQ
31st December, 2015 from being appointed as a
director in terms of Section 164 (2) of the Act.
With respect to the other matters to be included

in the Auditors Report in accordance with Rule
11 of the Companies (Audit and Auditors) Rules,
2014, in our opinion and to the best of our
information and according to the explanations
given to us:
1.
i.
The Company has disclosed the pending

litigations and its impact, if any, on
FRQVROLGDWHGoQDQFLDOSRVLWLRQLQ1RWH
WRLWVFRQVROLGDWHGoQDQFLDOVWDWHPHQWV
ii.
The Company or the 4 joint venture

companies did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable
losses.
2.
As required by the Companies (Auditors Report)

Order, 2015 (the Order), issued by the Central
Government of India in terms of sub-section (11) of
Section 143 of the Act, we give in the Annexure a
VWDWHPHQW RQ WKH PDWWHUV VSHFLoHG LQ SDUDJUDSKV
and 4 of the Order, to the extent applicable.
As required by Section 143(3) of the Act, we report, to
the extent applicable, that:
(a) We have sought and obtained all the
information and explanations which to the best
of our knowledge and belief were necessary
for the purposes of our audit of the aforesaid
(b) In our opinion, proper books of account as
required by law relating to preparation of the
DIRUHVDLG FRQVROLGDWHG oQDQFLDO VWDWHPHQWV
have been kept so far as it appears from our
examination of those books.
(c) The
Consolidated
Balance
Sheet,
the
&RQVROLGDWHG 6WDWHPHQW RI 3URoW DQG /RVV DQG
the Consolidated Cash Flow Statement dealt
with by this Report are in agreement with the
relevant books of account maintained for the
purpose of preparation of the consolidated
oQDQFLDOVWDWHPHQWV
(f)
iii. There were no amounts that were required

to be transferred to the Investor Education
and Protection Fund by the Company or any
of the 4 joint venture companies.
For K.S.AIYAR & Co

ICAI Firms Registration No. 100186W
RAJESH S. JOSHI
Partner
Membership No. 38526
Place of Signature: Mumbai

(d) In our opinion, the aforesaid consolidated Date: 25th January, 2016
oQDQFLDOVWDWHPHQWVFRPSO\ZLWKWKH$FFRXQWLQJ
6WDQGDUGVVSHFLoHGXQGHU6HFWLRQRIWKH$FW
read with Rule 7 of the Companies (Accounts)
Rules, 2014.
247

Referred to in paragraph 1 on Report on Other Legal and
Regulatory Requirements of our report.
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(a) The Company and 4 joint venture companies

have maintained proper records showing full
particulars, including quantitative details and
VLWXDWLRQRIo[HGDVVHWV

E 7KHVH o[HG DVVHWV KDYH EHHQ SK\VLFDOO\
YHULoHG E\ WKH PDQDJHPHQW DW UHDVRQDEOH
intervals during the year. In our opinion the
same is reasonable having regard to the size
of the Company and 4 joint venture companies
DQGWKHQDWXUHRILWVo[HGDVVHWV1RPDWHULDO
GLVFUHSDQFLHVZHUHQRWLFHGRQVXFKYHULoFDWLRQ
The Company and 4 joint venture companies did
not have any inventory so Clauses (ii) a, b and c are
not applicable.
(b) According to the records of the Company and 4

joint venture companies, there are no dues of
Income tax, Sales tax, Wealth tax, Service tax,
Custom duty, Excise duty and cess which have
not been deposited on account of any dispute.
(c) There is no amount required to be transferred
to investor education and protection fund in
accordance with the relevant provisions of
the Companies Act, 1956 (1 of 1956) and rules
made thereunder.
YLLL 7KH&RPSDQ\LQLWVVWDQGDORQHoQDQFLDOVWDWHPHQWV
has accumulated loss at the end of the current
The Company and 4 joint venture companies have
oQDQFLDO \HDU 7KH &RPSDQ\ LQ LWV VWDQGDORQH
not granted any secured or unsecured loans to any
oQDQFLDO VWDWHPHQWV KDV QRW LQFXUUHG FDVK ORVV
party covered in the register maintained under
GXULQJ WKH FXUUHQW oQDQFLDO \HDU 'XULQJ WKH
section 189 of the Companies Act, 2013. Therefore
LPPHGLDWHO\SUHFHGLQJoQDQFLDO\HDUWKH&RPSDQ\
the requirements of sub-clause (a) and (b) of clause
LQ LWV VWDQGDORQH oQDQFLDO VWDWHPHQWV KDG
(iii) are not applicable to the Company and 4 joint
accumulated losses as at the year end and also had
venture companies.
incurred cash losses during the year. 4 joint venture
There is an adequate internal control system
companies have accumulated losses as at year end
commensurate with the size of the Company and
LQFXUUHQWoQDQFLDO\HDUDVZHOODVLQWKHSUHFHGLQJ
4 joint venture companies and the nature of its
oQDQFLDO \HDU DQG KDYH DOVR LQFXUUHG FDVK ORVVHV
EXVLQHVVIRUSXUFKDVHRIo[HGDVVHWV7KHUHLVDQR
GXULQJFXUUHQWoQDQFLDO\HDUDVZHOODVLQSUHFHGLQJ
continuing failure to correct major weaknesses in
oQDQFLDO\HDU
internal control system.
(ix) The Company and 4 joint venture companies have
QRW WDNHQ DQ\ ORDQV IURP DQ\ oQDQFLDO LQVWLWXWLRQ
not accepted any deposits from public therefore
or bank or by way of debentures.
the provisions of section 73 to 76 of the Companies
(x)
Act, 2013 are not applicable.
not given any guarantees for loans taken by others
The Company and 4 joint venture companies
IURPDQ\EDQNRUoQDQFLDOLQVWLWXWLRQ
did not engage in any manufacturing activities.
Therefore the requirement of maintenance of cost (xi) The Company and 4 joint venture companies did
not raise any term loans during the year.
records under sub-section (l) of section 148 of the
(xii) No fraud on or by the Company and 4 joint venture
Companies Act, 2013 is not applicable.
companies have been noticed or reported during
(a) During the year there were no employees in
the year.
the employment of the Company and 4 joint
venture companies. Accordingly the Provident
Fund and Employees State Insurance are not
applicable to the Company. Further, based on
our examination of the records maintained
during the year, the Company and 4 joint
venture companies are not liable to make
any payments towards Investor Education
Protection Fund, Sales tax, Wealth tax, Custom
duty, Service tax, Excise duty and cess. The
Company and 4 joint venture companies have
been depositing Profession Tax and Income tax
248
dues with the appropriate authority and there

were no undisputed amounts payable thereof
which are outstanding, as at December 31,
2015 for the period of more than six months
from the date they became payable.
For K.S.AIYAR & Co.

ICAI Firms Registration No. 100186W
Place of Signature: Mumbai

Date: 25th January, 2016
RAJESH S. JOSHI
Partner
Corporate Overview
CONSOLIDATED BALANCE SHEET
Note
No.
As at
31-12-2015
(`)
CONSOLIDATED STATEMENT OF PROFIT & LOSS
AS AT 31ST DECEMBER, 2015

Particulars
FOR THE YEAR ENDED 31ST DECEMBER 2015

Particulars
As at
31-12-2014
(`)
Equity and Liabilities

(1) Shareholders Funds
(a) Share Capital
1,21,95,00,000 1,21,95,00,000
(b) Reserves and Surplus
(4,43,41,623)
(6,84,94,411)
4,36,17,283
12,23,86,091
I
II
(2) Current Liabilities

Other Current Liabilities
TOTAL
1,21,87,75,660 1,27,33,91,680
III
IV
II Assets
(1) Non Current Assets
(a) Fixed Assets
(i)
Tangible assets
2,35,90,486
2,74,59,180
(ii) Capital work-in-progress
23,29,09,049
24,58,92,506
(iii) Intangible Assets under

development
16,66,65,827
16,66,65,828
37,93,36,654
35,30,65,631
1,62,28,391
45,22,78,620
(b) /RQJWHUP/RDQV
Advances
-Long term Loans to JV
Companies
-Capital Advances
-Rent in Advance
-Security Deposit With
033.99 RWKHUV
14,000
34,000
1,05,97,920
1,06,03,170
(2) Current Assets

(a) Cash and Bank Balances
54,79,977
1,25,26,392
(b) 6KRUWWHUPORDQV
advances
37,90,47,408
(c) Other Current Assets
49,05,948
48,66,353
TOTAL
1,21,87,75,660 1,27,33,91,680
5HIHU6LJQLoFDQW$FFRXQWLQJ3ROLFLHV
2WKHU([SODQDWRU\LQIRUPDWLRQ
V
VI
Revenue from Operations

Other Income
(i) ,QWHUHVWRQ/RDQV $GYDQFHV
(ii) Interest Received on Deposit
with Bank
(iii) Other income
Total Revenue
Expenses
Depreciation and Amortization
Expenses
Other Expenses
-Interest
-Rent
5DWHV 7D[HV
-Audit Fees
-Bank Charges
&RQVXOWDQF\ OHJDO&KDUJHV
3ULQWLQJ 6WDWLRQHU\
-Security Service Expenses
Note For the year For the year

No. ended 31st ended 31st
December, December,
2015
2014
(`)
(`)
-
7UDYHOOLQJ &RQYH\DQFH
-General Charges
-Diesel for DG set
7HOH&RPPXQLFDWLRQ
Electricity charges
-CSR Expenditure
6DIHW\0DWHULDOV 6LWH
Infrastructure
-Miscellaneous Expenditure
Written off
Total Expenses
3URoW/RVVEHIRUH7D[
Tax Expenses
-Current Year Tax

VII 3URoW/RVVIRUWKH\HDU
VIII Earning per Share
5HIHU6LJQLoFDQW$FFRXQWLQJ3ROLFLHV
Other Explanatory information
3,42,69,641
-
1,57,89,361
16,12,877
8,002
3,42,77,643
1,74,02,238
14,88,151
4,96,971
1,05,179
4,900
3,25,691
1,556
1,78,369
3,780
9,05,670
5,66,70,460
3,83,516
4,900
2,90,021
1,803
4,02,140
4,29,377
11,71,914
2,04,881
13,07,387
3,48,644
25,893
7,80,508
1,16,54,280
1,31,993
1,327
27,54,053
6,29,427
99,250
49,01,428 7,59,00,613
2,93,76,215 (5,84,98,375)
10
13
2
52,23,427
2,41,52,788 (5,84,98,375)
1.98
(44.47)
The notes referred to above form an integral part of the Consolidated

The notes referred to above form an integral part of the Consolidated

As per our report of even date For and on behalf of the Board of ACC
Mineral Resources Limited,
As per our report of even date For and on behalf of the Board of ACC
Mineral Resources Limited,
For K.S. Aiyar & Co.

ICAI Firm Regn. No. 100186W

RAJESH S. JOSHI
Partner
SUNIL NAYAK
Director
DIN: 00081466
N H ITALIA
Director
DIN: 00191611
Mumbai,
25th January, 2016
DINESH KUMAR SONTHALIA

Company Secretary
RAJESH S. JOSHI
Partner
SUNIL NAYAK
Director
DIN: 00081466
N H ITALIA
Director
DIN: 00191611
Mumbai,
25th January, 2016

Company Secretary
249
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31ST, 2015
For the year ended
31st December,
2015
(`)
Particulars
A.
For the year ended

31st December,
2014
(`)
&DVKpRZIURPRSHUDWLQJDFWLYLWLHV
1
2,93,76,215
1HW3URoWEHIRUH7D[
(5,84,98,375)
Adjustments for :
2
Depreciation
Interest Income
14,88,151
4,96,971
(3,42,69,641)
(1,74,02,238)
4
5
Interest Expense
5,66,70,460
Miscellaneous Expenditure
99,250
(34,05,275)
1,61,70,544
(37,21,34,727)
(16,28,87,729)
Adjustments for :
6
Other receivables
Cash generated from operations

8
Direct Taxes - (Net)
B.
12,15,53,984
(45,43,08,810)
(5,99,67,677)
(41,51,836)
(32,47,797)
(45,84,60,646)
(6,32,15,474)
(28,301)
(33,62,76,596)
&DVKpRZIURPLQYHVWLQJDFWLYLWLHV
9
Purchase of Fixed Assets
10
6DOH$GMXVWPHQWVRIo[HGDVVHWV
11
(Increase)/decrease in capital advances
12
Interest received

C.
(7,87,68,808)
1,53,92,303
43,60,50,229
(36,18,91,419)
16,12,877
45,14,14,231
(69,65,55,138)
&DVKpRZIURPoQDQFLQJDFWLYLWLHV
13
Interest paid
(5,66,70,460)
14
Proceeds from issue of Share Capital
1,17,00,00,000
15
Loan to Joint Ventures
(34,48,34,000)
76,84,95,540
1HWLQFUHDVHGHFUHDVHLQFDVKDQGFDVKHTXLYDOHQWV
(70,46,415)
87,24,928
Cash and cash - Opening Balance
1,25,26,392
38,01,464
54,79,977
1,25,26,392
equivalents
- Closing Balance
1RWHV$OOoJXUHVLQEUDFNHWVDUHRXWpRZ
2 3UHYLRXV3HULRG
VoJXUHVDUHUHJURXSHGUHDUUDQJHGZKHUHYHUQHFHVVDU\
3 Cash and Cash Equivalents is Cash and Bank Balance as per Balance Sheet.
The notes referred to above form an integral part of the Balance Sheet
For and on behalf of the Board of ACC Mineral Resources Limited,

RAJESH S. JOSHI
Partner
SUNIL NAYAK
Director
DIN: 00081466
Mumbai,
25th January, 2016

Company Secretary
250
N H ITALIA
Director
DIN: 00191611
Corporate Overview
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015
1.
CORPORATE INFORMATION
(V)
2.
Dividend income is recognized when the right to receive such

dividend is established.
Interest income is recognized on a time proportion basis
taking into account the amount outstanding and the rate
applicable.

(I)
L
(II)
7KH oQDQFLDO VWDWHPHQWV KDYH EHHQ SUHSDUHG DQG

presented under the historical cost convention on
accrual basis of accounting in accordance with the
accounting principles generally accepted in India and in
compliance with provisions of the Companies Act, 2013
and comply with the mandatory Accounting Standards
QRWLoHGXQGHUVHFWLRQRIWKH&RPSDQLHV$FW
read with Rule 7 of Companies (Accounts) Rules, 2014.
(ii)
Financial statements are based on historical cost

except where impairment is made and/or revaluation
is carried out.
(iii)
Accounting policies have been consistently applied by

the Company except as stated otherwise.
(III)
Current investments are carried at lower of cost and

fair market value. Long term investments are carried at
cost. Provision for diminution in the value of long term
investments is made only if such a decline is other than
temporary in nature.
(VII) Foreign currency transactions
Foreign currency transactions are initially recorded at the
rates of exchange prevailing on the date of transactions.
Foreign currency monetary items are subsequently reported
using the closing rate. Non-monetary items which are carried
in terms of historical cost denominated in a foreign currency
are reported using the exchange rate at the date of the
transaction. Exchange differences arising on the settlement
of monetary items or on reporting companys monetary items
at rates different from those at which they were initially
UHFRUGHG GXULQJ WKH \HDU RU UHSRUWHG LQ SUHYLRXV oQDQFLDO
statements, are recognised as income or as expenses in the
year in which they arise.
(VIII) Income taxes
Tax expense comprises of current and deferred tax. The
deferred tax charge or credit is recognized using current
tax rates. Where there is unabsorbed depreciation or carry
forward losses, deferred tax assets are recognized only if
there is virtual certainty of realization of assets.
Fixed Assets
L
7DQJLEOH o[HG DVVHWV DUH VWDWHG DW WKH FRVW RI

acquisition less depreciation.
(ii)
Intangible assets:
a.
b.
Mineral rights of coal has been recognized as

intangible assets under development and valued
equivalent to the Equity share capital allotted
to The M.P. State Mining Corporation Limited
(MPSMC) in lieu thereof in terms of the provisions
of Joint Venture Agreements of four Joint Venture
Companies.
Development Expenses has been recognized
as intangible assets under development and
includes expenses on account of prospecting,
expenses for regulatory clearances, exploration
and evaluation of coal mines etc. These expenses
are carried forward and will be capitalized once
the mine starts the commercial production.
,9 'HSUHFLDWLRQ$PRUWL]DWLRQ
(VI) Investments
Use of estimates
7KH SUHSDUDWLRQ RI oQDQFLDO VWDWHPHQWV LQ FRQIRUPLW\
with generally accepted accounting principles requires
management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and
GLVFORVXUHRIFRQWLQJHQWOLDELOLWLHVDWWKHGDWHRIWKHoQDQFLDO
statements and the results of operations during the
reporting period end. Although these estimates are based
upon managements best knowledge of current events and
actions, actual results could differ from these estimates.
'HSUHFLDWLRQRQWDQJLEOHo[HGDVVHWVLVSURYLGHGRQVWUDLJKW
line method at the rates prescribed in schedule II of the
Companies Act, 2013 on a pro-rata basis.
Intangible assets of mine and Infrastructure Development
will be amortized based on the coal extracted in proportion
of the coal mine reserve of the respective coal block.
Revenue recognition
Dividend and Interest income
The company is a wholly owned Subsidiary of ACC Limited. The

company has entered into four joint ventures in the year 2009 with
M.P. State Mining Corporation Limited (MPSMC) for mining and
development of four coal blocks allotted to MPSMC by Ministry of
Coal.
Other deferred tax assets are recognized only to the extent

there is reasonable certainty of realization in future. Deferred
tax assets/liabilities are reviewed as at each balance sheet
date.
,; &RQWLQJHQFLHV3URYLVLRQV
A provision is recognized when an enterprise has a present
obligation as a result of past event; it is probable that an
RXWpRZ RI UHVRXUFHV HPERG\LQJ HFRQRPLF EHQHoW ZLOO EH
required to settle the obligation, in respect of which reliable
estimate can be made. Provisions are not discounted to its
present value and are determined based on best estimate
required to settle the obligation at the balance sheet date.
These are reviewed at each balance sheet date and adjusted
WRUHpHFWWKHFXUUHQWEHVWHVWLPDWH$FRQWLQJHQWOLDELOLW\LV
GLVFORVHG XQOHVV WKH SRVVLELOLW\ RI DQ RXWpRZ RI UHVRXUFHV
HPERG\LQJHFRQRPLFEHQHoWLVUHPRWH
(X)
Segment Reporting
The company operates in one business segment i.e.
Development and operation of coal mines. This business
segment is regarded as the primary segment. As the company
has not yet started its commercial activities, there are no
reportable geographical segments.
(XI) Share issue expenses are written off to the statement of

3URoWDQG/RVVLQWKH\HDULWLVLQFXUUHG
251

NOTE 3: SHARE CAPITAL :
(a)
As at
As at
31-12-2015
31-12-2014
(`)
(`)
6KDUHVDXWKRUL]HG
1,30,00,000 Equity Shares of `100/- each
1,30,00,00,000
1,30,00,00,000
1,21,95,00,000
1,21,95,00,000
1,21,95,00,000
1,21,95,00,000
(Prev. Year 1,30,00,000 Equity shares of `100/- each)

(b)
Shares issued, subscribed and fully paid :

1,21,95,000 Equity Shares of `100/- each (Prev. Year 1,21,95,000 Equity shares of `100/- each)
(All the Shares are held by ACC Limited, the Holding Company and its nominees)
(c) Reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period ;
Numbers
At the beginning of the period
(d)
Numbers
As at
31-12-2014
(`)
(`)
1,21,95,000
1,21,95,00,000
4,95,000
4,95,00,000
1,17,00,000
1,17,00,00,000
1,21,95,000
1,21,95,00,000
1,21,95,000
1,21,95,00,000
Issued during the year

At the end of the period
As at
31-12-2015
The rights, preferences and restrictions including restrictions on the distribution of dividends and the repayment of Capital.
The Company is having only one class of shares i.e Equity carrying a nominal value of ` 100/- per share
Every holder of the equity share of the Company is entitled to one vote per share held
In case the company declares any dividend, the equity shareholders will be entitled to receive the dividend in proportion of the number of shares
held by each equity shareholder, after all preferential payments.
In the event of liquidation of the Company, the equity shareholders will be entitled to receive remaining assets of the Company after the
distribution to all the preferential creditors. The distribution to the equity shareholders will be in proportion of the number of shares held by
each shareholder.
(e)
Shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares held.
Particulars
31.12.2015
% held
Numbers
ACC Limited
31.12.2014
% held
Numbers
1,21,95,000
100%
1,21,95,000
100%
1,21,95,000
100%
1,21,95,000
100%
NOTE 4 : RESERVES AND SURPLUS

AMRL
JVC Total
Total
As at
As at
As at
As at
31-12-2014
31-12-2015
31-12-2015
31-12-2015
(`)
(`)
(`)
(`)
Surplus
Balance as per last accounts
3URoW/RVVIRUWKH\HDU
TOTAL
252
(3,63,71,878)
(3,21,22,533)
(6,84,94,411)
(99,96,036)
2,61,81,072
(20,28,284)
2,41,52,788
(5,84,98,375)
(1,01,90,806)
(3,41,50,817)
(4,43,41,623)
(6,84,94,411)
Corporate Overview
NOTE 5 : OTHER CURRENT LIABILITIES
(a) Audit Fees Payable
AMRL
JVC Total
Total
As at
As at
As at
As at
31-12-2014
31-12-2015
31-12-2015
31-12-2015
(`)
(`)
(`)
(`)
1,58,158
1,58,158
1,63,805
(b) Payable to Others
4,19,05,841
15,53,284
4,34,59,125
12,22,22,286
TOTAL
4,20,63,999
15,53,284
4,36,17,283
12,23,86,091
NOTE 6 : FIXED ASSETS

Amount in `
Nature of
o[HGDVVHWV
Gross Block
Depreciation / Amortisation
Net Block
As at Additions Deductions/
As at
As at
Provided Deductions/
As at
As at
01-01-2015 during the Adjustments 31-12-2015 01-01-2015
during the Adjustments 31-12-2015 31-12-2015
Period
Period
As at
31-12-2014
TANGIBLE ASSETS
Furniture, Fixtures
(TXLSPHQWV
47,73,941
4,66,150
43,07,791
3,32,413
6,46,350
91,188
8,87,575
34,20,216
44,41,528
3ODQW 0DFKLQHU\
80,00,000
80,00,000
95,781
5,40,818
6,36,599
73,63,401
79,04,219
1,26,40,165
- 1,26,40,165
- 1,26,40,165
1,26,40,165
6,272
6,272
2,107
4,165
6,272
4,165
48,000
48,000
6,597
3,458
10,055
37,945
41,403
3,53,806
3,53,806
1,18,927
1,06,120
2,25,047
1,28,759
2,34,879
23,61,977
28,28,127 2,53,56,034
55,600 2,81,55,860
1,40,855
6,96,680
1,99,708
1,87,240
14,88,151
4,98,643
3,28,095
4,19,283
1,671
17,65,548 2,35,90,486
6,96,680 2,74,59,180
23,29,09,049
21,92,821
2,74,59,180
24,58,92,506
16,66,65,827
16,66,65,828
16,66,65,827
42,31,65,362
16,66,65,828
44,00,17,514
Land
Digital Camera
Gps- Oregon
Printer
Vehicle
TOTAL
Previous year
Capital Work-InProgress
INTANGIBLE
ASSETS UNDER
DEVELOPMENT
Mine and
Infrastructure
Development
Expenses
Total
Grand Total
23,33,676
28,301
2,81,55,860
28,301
1,32,83,636 1,49,27,824
NOTE 7 : CASH & BANK BALANCES

AMRL
&DVK &DVK(TXLYDOHQW
Cash in hand
%DQN%DODQFH&XUUHQW$FFRXQW 7'5
TOTAL
JVC Total
Total
As at
As at
As at
As at
31-12-2014
31-12-2015
31-12-2015
1-12-2015
(`)
(`)
(`)
(`)
1,743
54,46,073
54,47,816
32,161
32,161
1,743
54,78,234
54,79,977
9,016
1,25,17,376
1,25,26,392
253

NOTE 8 : SHORT TERM LOANS & ADVANCES
Short term loan to ACC limited

(Unsecured, considered good)
TOTAL
AMRL
JVC Total
Total
As at
As at
As at
As at
31-12-2014
31-12-2015
31-12-2015
31-12-2015
(`)
37,90,47,408
(`)
37,90,47,408
(`)
37,90,47,408
37,90,47,408
(`)
-
NOTE 9 : OTHER CURRENT ASSETS

AMRL
Advances to others
Advance tax (Net of provision for Tax)
TDS Receivable
TOTAL
10.
JVC Total
Total
As at
31-12-2014
As at
As at
As at
31-12-2015
31-12-2015
31-12-2015
(`)
25,29,561
21,76,207
47,05,768
(`)
1,96,099
4,081
2,00,180
(`)
27,25,660
21,76,207
4,081
49,05,948
(`)
16,09,633
32,47,798
8,922
48,66,353
TAXATION
` 52,23,427 (Previous year - Nil) provision for current tax is made as at 31st December, 2015.
11.
During the previous year, Company had changed its accounting policy in respect of share issue expenses which hitherto were written off over
a period of 60 months were being written off in the year in which same is incurred. Consequently Loss for the previous year was higher by
` 102,75,833 and Reserves and surplus were lower by a like amount as compared to its previous policy. There is no change during the Current
year.
12.
RELATED PARTY DISCLOSURE
$ 3DUWLFXODUVRI+ROGLQJ-RLQW9HQWXUH&RPSDQLHV
Name of Related Party
ACC Limited
Holding Company
MP AMRL (Semaria) Coal Company Limited
Joint Venture Company (49% interest in Equity is held by AMRL)
MP AMRL (Bicharpur) Coal Company Limited
MP AMRL (MarkiBarka) Coal Company Limited
MP AMRL (Morga) Coal Company Limited
% 7UDQVDFWLRQVZLWK+ROGLQJ&RPSDQ\$&&/LPLWHG
Particulars
254
For the year

ended December
31, 2015
`
For the year

ended December
31, 2014
`
Opening Balance of Inter Corporate Deposit
34,48, 34,000
Inter Corporate Deposits Received During the Year
75,25,00,000
Inter Corporate Deposits paid during the year
109,73,34,000
Inter Corporate Deposits as at the end of the year
Investment in equity shares received
1,17,00,00,000
Short term loan to ACC Limited
35,50,00,000
Interest on Loan (Net of TDS)
Closing balance of Short term loan to ACC Limited
2,40,47,408
37,90,47,408
Corporate Overview
& 7UDQVDFWLRQVZLWK-RLQW9HQWXUH&RPSDQLHV
For the year
ended December
31, 2015
`
Particulars
For the year

ended December
31, 2014
`
MP AMRL (Semaria) Coal Company Ltd.

Opening Balance
2,03,21,935
1,82,93,973
Transactions during the year

-Advance given for expenses
1,56,607
8,67,887
-Interest Charged on the above (Net of TDS)
3,83,299
11,60,075
2,08,61,841
2,03,21,935
56,76,00,376
14,54,14,169
-Advance given for expenses
3,75,41,073
40,04,70,200
1,09,46,130
2,17,15,486
-Advance for Expenses Repaid

Outstanding balance included in Long-term loans and advances
2
MP AMRL (Bicharpur) Coal Company Ltd.

Opening Balance

3
61,60,87,579
56,76,00,376
10,40,88,206
5,85,58,515
4,09,858
4,06,46,504
19,84,536
48,83,187
MP AMRL (MarkiBarka) Coal Company Ltd.

Opening Balance
- Advance given for expenses
10,64,82,600
10,40,88,206
2,75,033
85,153
2,55,190
5,154
19,843
MP AMRL (Morga) Coal Company Ltd.

Opening Balance
- Advance given for expenses
3,65,340
2,75,033
For the year ended

December 31,
2015
`
For the year

ended December
31, 2014
`
3URoW/RVVDIWHUWD[DWLRQDVSHU6WDWHPHQWRI3URoWDQG/RVV
2,41,52,788
(58,498,375)
Weighted average number of Equity shares outstanding
1,21,95,000
13,15,479
1.98
(44.47)

(*) Transactions with joint venture companies have been disclosed at full value.
13.
EARNINGS PER SHARE - [EPS]

Particulars
Basic earnings per Share (Weighted Average) (face value - ` 100 per share)
(There are no diluted equity shares and hence there is no working for diluted earnings per share)
14.
The aggregate amounts of assets, liabilities, income and expenses related to the Companys interest in the four joint ventures companies are as
under:
a.
Assets
b.
Liabilities :
` 15,53,284
c.
Income
` 2,798
d.
Expenses :
` 34,42,11,658
` 92,82,598
255

15.
Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule
III to the Companies Act, 2013.
Name of the entity in the
Net Assets, i.e., total assets minus total liabilities

As % of consolidated
net assets
2015
Amount
`
2015
6KDUHLQSURoWORVV
As % of consolidated
SURoWRUORVV
2014
2015
101.48 1,20,93,09,194 1,16,80,04,225
108.19
2014
Amount
`
2015
2014
2014
Parent
102.91
86.47 2,61,81,072 (5,05,81,993)
Joint Ventures (as per proportionate

consolidation)
Indian
MP AMRL(Bicharpur) Coal Company
Limited
(2.06)
(0.92)
(2,42,32,546)
(1,05,43,399)
(7.71)
MP AMRL(Marki Barka) Coal Company

Limited
(0.44)
(0.22)
(52,06,137)
(24,90,307)
(0.24)
0.89
(57,207)
(5,22,884)
MP AMRL(Morga) Coal Company

Limited
(0.14)
(0.14)
(16,62,207)
(16,03,341)
(0.01)
0.03
(48,063)
(15,840)
MP AMRL(Semaria) Coal Company

Limited
(0.27)
(0.20)
(30,49,927)
(23,61,589)
(0.23)
0.12
(56,742)
(68,862)
100.00 1,17,51,58,377 1,15,10,05,589
100.00
TOTAL
100.00
12.49 (18,66,272)
(73,08,796)
100.00 2,41,52,788 (5,84,98,375)
1RWH7KHDERYHoJXUHVDUHDIWHUHOLPLQDWLQJLQWUDJURXSWUDQVDFWLRQVDQGLQWUDJURXSEDODQFHVDVDW'HFHPEHU
16.
Non-current investment of ` 196,00,000 and Long term loans and

advances of ` 37,93,36,654 are realisable/recoverable from four
JV Companies. The Company considers these as fully realisable/
recoverable from the respective JV Companies once the monies are
received by the said JV Companies upon reallocation/re allotment
of their coal blocks to the new allocate in terms of the Coal Mines
(Special Provisions) Ordinance 2014 and the model draft tender
document published in this regard by the Ministry of Coal, Govt. of
India.
17. 7KHUH LV QR 0LFUR 6PDOO DQG 0HGLXP HQWHUSULVHV DV GHoQHG LQ
the Micro, Small , Medium enterprises Development Act, 2006 to
whom the company owes dues on account of principal amount
together with interest and accordingly no additional disclosures
have been made. The above information regarding Micro, Small
and Medium Enterprises have been determined to the extent such
SDUWLHVKDYHEHHQLGHQWLoHGRQWKHEDVLVRILQIRUPDWLRQDYDLODEOH
with the company. This has been relied upon by the auditors.
18.
The estimated amount of contracts remaining to be executed

on capital account and not provided for (net of advances) is Nil
(Previous Year - ` 1,51,53,00,000).
19.
Pursuant to the enactment of the Companies Act, 2013 (the Act),

WKH &RPSDQ\ KDV HIIHFWLYH VW -DQXDU\ DGRSWHG VSHFLoHG
XVHIXO OLIH RI LWV o[HG DVVHWV DV SHU 6FKHGXOH ,, WR WKH $FW 7KH
Company has also chosen the option of considering residual value,
post expiry of life of the asset, to be nil. Had the Company followed
the earlier practice, the charge for the depreciation for the year
would have been lower by ` 6,43,805.
20.
Pending litigations by or against the Company are as under:

D
256
:ULW 3HWLWLRQ oOHG DW 'HOKL +LJK &RXUW E\ WKH &RPSDQ\ LQ
relation to compensation receivable upon cancellation of
Bicharpur Coal Block.
E
:ULW 3HWLWLRQ oOHG DW 'HOKL +LJK &RXUW E\ WKH &RPSDQ\ LQ
relation to compensation receivable upon vesting of land
situated outside mining lease area of Bicharpur Coal Block.
F
:ULW 3HWLWLRQ oOHG DW -DEDOSXU +LJK &RXUW E\ 03 $05/
(Semaria) Coal Company Limited against invocation of Bank
Guarantee by Ministry of Coal pertaining to Semaria / Piparia
Coal Block. The court has granted stay against the said
invocation of Bank Guarantee.
The impact of above petitions could not be determined as the
matter is subjudice.
21.
The Company had entered into Joint Venture Arrangements with

MPSMCL for development and extraction of coal in relation to four
coal blocks (namely Bicharpur, Marki Barka, Morga IV and Semaria/
Piparia coal blocks) which were originally allocated to MPSMCL.
The allocations stand cancelled as per Supreme Courts decision
dated 25th August 2014 read with its order dated 24th September
2014 and fresh Auctioning of the blocks were proposed. In case of
Bicharpur coal block, where the Company had progressed with the
development of the mine substantially, and invested considerable
amounts under the JVA towards tangible and investment assets,
the auction has been completed in favour of other successful
bidder (Ultratech Cement Limited (UTCL)) and the vesting order for
Bicharpur coal mine has been issued by Nominated Authority. In
accordance with the vesting order, the Bicharpur JV Company has
handed over the Bicharpur Coal mine to the new allottee on 6th
April 2015. Subsequent to handing over the mines, the discussion
with new allottee is going on for realization of the recorded net
assets amount of that JV Company. The Re-auction/allocation
process of other three coal blocks namely Marki Barka, Morga IV
and Semaria /Piparia coal blocks has not yet been carried out by the
Ministry of Coal, Government of India.
Corporate Overview
In view of the cancellation of coal blocks and proposed re-auctioning
of the same, the JV companies can no longer work towards its
intended objects, now that MPSMCL has ceased to hold any mining
rights in such blocks. Consequently, the JV Cos shall continue to
only oversee the realization of the value of assets created and
other expenses incurred, if any, and handing over those assets to
the new allottees. Hence the four JV Companies can no longer be
considered to be operating as Going Concerns.
,Q UHVSHFW RI %LFKDUSXU FRDO EORFN WKH &RPSDQ\ KDV oOHG D ZULW
petition in Delhi High Court in the month of March 2015, claiming
compensation based on actual expenditure incurred till 31st March
DVDJDLQVWWKHFRPSHQVDWLRQDPRXQWo[HGE\0LQLVWU\RIFRDO
WLOO VW 0DUFK 7KH &RPSDQ\ KDV DOVR oOHG D VHSDUDWH ZULW
petition in Delhi High Court in the month of October 2015 against
the issue of corrigendum to the said vesting order by Ministry
of Coal dated 6th August 2015 wherein the Ministry of Coal has
further vested the remaining land of Bicharpur coal block which is
outside the mining lease area. In respect of the said corrigendum to
the vesting order, Delhi High Court in its interim order dated 20th
October 2015 has said that no equities can be made in favour of
UTCL, if comes into possession of or does any other works over the
VDLGODQGy7KHoQDOGHFLVLRQRIWKH+RQ
EOHFRXUWLVDZDLWHG
Further, the Company has also communicated to MPSMCL/

Ministry of Coal its claim for being compensated for the entire
amount invested in the JV.
1RFKDQJHLQWKHFODVVLoFDWLRQRIWKHDVVHWVRUDGMXVWPHQWVLQWKH
carrying value of the assets standing in the books of Company,
KDYHEHHQPDGHDVWKHFRPSDQ\GRHVQRWH[SHFWDQ\VLJQLoFDQW
reduction in the value it may realise towards such assets.
Expert opinions on the relevant accounting aspects involved, have
been sought.
22. 3UHYLRXV\HDUoJXUHVKDYHEHHQUHJURXSHGRUUHDUUDQJHGZKHUHYHU
found necessary.
For and on behalf of the Board of ACC Mineral Resources Limited

RAJESH S. JOSHI
Partner
SUNIL NAYAK
Director
DIN: 00081466
Mumbai,
25th January, 2016

Company Secretary
N H ITALIA
Director
DIN: 00191611
257
BULK CEMENT CORPORATION (INDIA) LTD (BCCI)
BOARDS REPORT
TO THE MEMBERS OF
BULK CEMENT CORPORATION (INDIA) LIMITED
6.
([FHSW DV GLVFORVHG HOVHZKHUH LQ WKH 5HSRUW WKHUH

Company and the date of this Report, which can
DIIHFWWKHoQDQFLDOSRVLWLRQRIWKH&RPSDQ\
7.
The Directors take pleasure in presenting the Twenty

fourth Annual Report on the business and operations of
the Company and the Audited Financial Statements for
the year ended December 31, 2015.
1.
FINANCIAL HIGHLIGHTS
PARTICULARS
Revenue from operations
(net) and Other Income
3URoW/RVV%HIRUH7D[
3URYLVLRQIRU7D[
&XUUHQW7D[
'HIHUUHG7D[
3URoW/RVV$IWHU7D[
%DODQFH EURXJKW IRUZDUG
from previous year
%DODQFHFDUULHGIRUZDUGWR
%DODQFH6KHHW
2.
2015
` Lakh
2090.06
2014
` Lakh
2331.36
(824.27)
629.21
121.01
(414.57)
(530.71)
1984.15
212.04
(15.82)
432.99
1551.16
1453.44
1984.15
OPERATIONS
'XULQJ WKH \HDU XQGHU UHYLHZ %&&, KDQGOHG
cement volumes of 10.02 lakh tonnes as
DJDLQVW ODNK WRQQHV LQ 7KH 3URoW
%HIRUH 7D[ DQG ([FHSWLRQDO ,WHPV IRU WKH
year 2015 was ` 304 lakh as against ` 629 lakh in
the year 2014.
3.
DIVIDEND
Your Directors do not recommend payment
RI GLYLGHQG IRU WKH oQDQFLDO \HDU HQGHG
December 31, 2015.
4.
TRANSFER TO RESERVE
No transfer to reserves has been made during the
year under review.
5.
DEPOSITS
The Company has not accepted any deposits from the
public or the directors during the year under review.
258

/DZ %RDUG WKH &RPSDQ\ ZLOO FRQWLQXH WR KDYH WKH
oQDQFLDO\HDU
8.
INDUSTRIAL RELATIONS
During the year under review, industrial relations at
the Companys unit continued to remain cordial and
peaceful.
9.

7KHUH DUH QR VLJQLoFDQW DQG PDWHULDO RUGHUV SDVVHG

by the Regulators or Courts or Tribunals impacting
the going concern status of your Company.
10. PARTICULARS
INVESTMENTS
OF
LOANS,
GUARANTEES
OR
7KHUHDUHQRORDQVJXDUDQWHHVJLYHQRULQYHVWPHQWV
made under the provisions of Section 186 of the
Companies Act, 2013.
11. INTERNAL FINANCIAL CONTROLS

7KH &RPSDQ\ EHLQJ VXEVLGLDU\ RI $&& /LPLWHG WKH

Internal Financial Controls of ACC are applicable to
the Company. These are adequate considering the
nature and size of the Companys operations and
are commensurate with the requirements of the
Company.
12. CONTRACT OR ARRANGEMENT WITH RELATED

PARTIES
Corporate Overview

$FW0U6XQLO1D\DNDQG0U-D\DQWD'DWWD*XSWD
retire by rotation and being eligible offer themselves
for re-appointment as Directors of the Compny.
Accordingly, the proposals for their re-appointment
have been included in the Notice convening the
$QQXDO*HQHUDO0HHWLQJRIWKH&RPSDQ\
13. DIRECTORS AND KEY MANAGERIAL PERSONNEL

7KH %RDUG RI 'LUHFWRUV KDG DSSRLQWHG 0U 1RVKLU

+ ,WDOLD DQG 'U , % 'H DV $GGLWLRQDO 'LUHFWRUV RI
WKH &RPSDQ\ LQ WKH FDWHJRU\ RI 1RQ([HFXWLYH
,QGHSHQGHQW 'LUHFWRUV ZLWK HIIHFW IURP 0DUFK
2015, each for a term of 5 years. Pursuant to the
provisions of Section 152(2) and Section 161 of the
&RPSDQLHV$FWWKHFDQGLGDWXUHRI0U1RVKLU
+,WDOLDDQG'U,%'HIRUDSSRLQWPHQWDV'LUHFWRUVLQ
WKHFDWHJRU\RI1RQ([HFXWLYH'LUHFWRU,QGHSHQGHQW
Director has been included in the Notice convening
WKH$QQXDO*HQHUDO0HHWLQJRIWKH&RPSDQ\
7KH %RDUG RI 'LUHFWRUV KDV DSSRLQWHG 0U 1DYHHQ
&KDGKD DQG 0U 5DMX 0LVUD DV $GGLWLRQDO 'LUHFWRUV
of the Company with effect from October 15, 2015
DQG -DQXDU\ UHVSHFWLYHO\ 0U 1DYHHQ
&KDGKD DQG 0U 5DMX 0LVUD KROG RIoFH XSWR WKH
GDWH RI WKH IRUWKFRPLQJ $QQXDO *HQHUDO 0HHWLQJ
Pursuant to the provisions of Section 152(2) and
Section 161 of the Companies Act, 2013 their
respective candidatures for appointment as
Directors has been included in the Notice convening
WKH IRUWKFRPLQJ $QQXDO *HQHUDO 0HHWLQJ RI WKH
Company.
0U%XUMRU'1DULPDQZKRZDVDSSRLQWHGDVD'LUHFWRU
of the Company with effect from January 29, 2010,
from October 15, 2015.
0U -R\GHHS 0XNKHUMHH ZKR ZDV DSSRLQWHG DV D

Director of the Company with effect from July 23,
effect from December 11, 2015.
7KH%RDUGKDVSODFHGRQUHFRUGLWVDSSUHFLDWLRQRIWKH
YDOXDEOHFRQWULEXWLRQPDGHE\0U%XUMRU'1DULPDQ
DQG 0U -R\GHHS 0XNKHUMHH GXULQJ WKHLU UHVSHFWLYH
tenures as Directors of the Company.
Directors retiring by rotation
there is no requirement to furnish any information in

Form AOC2.
a.
Declaration of Independence by Directors

The Independent Directors of the Company, viz.
0U 1RVKLU + ,WDOLD DQG 'U , % 'H KDYH JLYHQ D
GHFODUDWLRQWRWKH&RPSDQ\FRQoUPLQJWKDWWKH\
meet the criteria of independence as mentioned
under Section 149(6) of the Companies
Act, 2013.
E ,QGHSHQGHQW'LUHFWRUV0HHWLQJ
As mandated under Schedule IV of the Companies
Act, 2013, the Company held one Independent
'LUHFWRUV 0HHWLQJ RQ 2FWREHU %RWK
the Independent Directors were present at
WKH0HHWLQJ
Appointment and Remuneration of Directors
7KH %RDUG FRPSULVHV oYH UHSUHVHQWDWLYHV RI $&&

/LPLWHGWKH+ROGLQJ&RPSDQ\RQH'LUHFWRUHDFKWR
be nominated by the Development Commissioner of
&HPHQW,QGXVWU\WKH0LQLVWU\RI,QGXVWU\DQGE\WKH
0LQLVWU\RI5DLOZD\VDQGWZR,QGHSHQGHQW'LUHFWRUV
For the appointment of Independent Directors, the
%RDUG FRQVLGHUHG WKH TXDOLoFDWLRQV H[SHULHQFH
H[SHUWLVHRIWKHFDQGLGDWHVLQWKHLUUHVSHFWLYHoHOGV
professional and business standings and diversity
RI WKH %RDUG $V UHJDUGV WKH DSSRLQWPHQW RI $&&
V
UHSUHVHQWDWLYHV RQ WKH %RDUG HPSOR\HHV RI WKH
Holding Company in senior leadership positions
YL] &(2 0' DQG ([HFXWLYH &RPPLWWHH PHPEHUV
KDYLQJ H[SHUWLVH DQG H[SHULHQFH LQ WKH oHOG RI
PDQXIDFWXULQJ VDOHV PDUNHWLQJ DQG oQDQFH DQG
who also oversee the operations of the Company as a
dotted line reporting are generally recommended by
ACC for appointment as Directors of the Company.
259
DXULQJWKH\HDUWKH%RDUGRI'LUHFWRUVGHFLGHGWRSD\
sitting fees of ÌRUHDFKPHHWLQJRIWKH%RDUG
and Audit Committee attended by the Independent
Directors and the nominees of the Government
RQ WKH %RDUG 7KH UHSUHVHQWDWLYHV RI $&& DUH QRW
paid sitting fees. No other remuneration is paid to
the Directors.

Evaluation of the Board and its Committees

Pursuant to the provisions of the Companies
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performance evaluation of its own performance, the
directors individually as well as the evaluation of the
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Committees.
v.
15. MEETINGS
Board Meetings
Appointment of Key Managerial Personnel

in each quarter. During the year ended December 31,
oYH%RDUG0HHWLQJVZHUHKHOGRQ-DQXDU\
0DUFK $SULO -XO\
and October 15, 2015.
During the year 2015, the Company appointed

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0HQRQ DV &KLHI )LQDQFLDO 2IoFHU DQG 0V %LQLWD
.KRU\ DV &RPSDQ\ 6HFUHWDU\ 0U -LWHQGUD .XPDU
0V0DOLQL0HQRQDQG0V%LQLWD.KRU\DUHHPSOR\HHV
RI $&& /LPLWHG WKH +ROGLQJ &RPSDQ\ GHSXWHG DV
.H\ 0DQDJHULDO 3HUVRQQHO LQ WKH &RPSDQ\ DQG QR
remuneration is being drawn by them separately
from the Company.
Audit Committee
As per provisions of Section 177 of the Companies
$FW DQG 7KH &RPSDQLHV 0HHWLQJV RI %RDUG
and its Powers) Rules 2014, the Company was
required to re-constitute its Audit Committee so that
WKH ,QGHSHQGHQW 'LUHFWRUV IRUP D PDMRULW\ RQ WKH
&RPPLWWHH3XUVXDQWWKHUHWR0U1RVKLU+,WDOLDDQG
'U,%'H,QGHSHQGHQW'LUHFWRUVZHUHDSSRLQWHGDV
0HPEHUVRIWKH$XGLW&RPPLWWHH

L
ii.
260
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Company as at December 31, 2015 and of the
loss of the Company for the year ended on that
date;

)XUWKHU WKH &RPSDQ\ DSSRLQWHG 0U 1RVKLU + ,WDOLD

as the Chairman of the Audit Committee. The Audit
Committee presently comprises the following
0HPEHUV

0U-.0HKUD1RQ([HFXWLYH'LUHFWRU
0U6XQLO1D\DN0U%XUMRU'1DULPDQDQG0U-R\GHHS
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Committee.
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Committee.
Corporate Overview
DXULQJWKH\HDUIRXU$XGLW&RPPLWWHH0HHWLQJVZHUH
held on January 20, 2015, April 07, 2015, July 14, 2015
and October 15, 2015.
7KH 1RPLQDWLRQ 5HPXQHUDWLRQ &RPPLWWHH

FRPSULVHVWKHIROORZLQJ0HPEHUV

0U+DULVK%DGDPL1RQ([HFXWLYH'LUHFWRU
'XULQJ WKH \HDU RQH 1RPLQDWLRQ 5HPXQHUDWLRQ

&RPPLWWHH0HHWLQJZDVKHOGRQ2FWREHU
7KH ([WUDFW RI $QQXDO 5HWXUQ SXUVXDQW WR

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TECHNOLOGY
ABSORPTION
AND
FOREIGN
EXCHANGE EARNINGS & OUTGO
As required under Section 134(3)(m) of the Companies
Act 2013, read with The Companies (Accounts) Rules,
2014, the particulars in respect of conservation of
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HDUQLQJV RXWJRDUHPHQWLRQHGKHUHLQEHORZ
The Company is not required to constitute a Corporate

Social Reponsibility Committee.
Conservation of Energy:
During the year, the following measures were interalia
taken in the area of conservation of energy
16. AUDITORS
0HVVUV . 6 $L\DU &R &KDUWHUHG $FFRXQWDQWV

(ICAI Firm Registration No 100186W) who are the
Statutory Auditors of the Company, retire at the
FRQFOXVLRQ RI WKH HQVXLQJ $QQXDO *HQHUDO 0HHWLQJ
As required under the provision of Section 139
of the Companies Act, 2013, the Company has
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be in conformity with the Companies Act, 2013.
Your Directors recommend the re-appointment of
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Auditors of the Company for the year 2016.
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in place of reciprocating Compressors and
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to optimise energy usage.

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hence there is no disclosure under Section 197(12)
read with Rule 5(1) and 5(2) of The Companies
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Personnel) Rules, 2014.
As per The Companies (Cost Records and Audit)

Amendments Rules, 2014, the Company is not
required to maintain cost records.
As per the provisions of Section 177(9) of the

Companies Act, 2013, the Company is required
to establish a vigil mechanism. The vigil mechanism
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17. COST RECORDS AND AUDIT
18. VIGIL MECHANISM
19. ANNUAL RETURN
Nomination & Remuneration Committee

22. DETAILS OF SUBSIDIARIES / JOINT VENTURES /

ASSOCIATE COMPANIES
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associate companies. Hence there is no requirement
to furnish the details of companies which have
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23. ACKNOWLEDGEMENT
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their grateful appreciation for the assistance and
co-operation received from the Department of
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employees of the Holding Company who are on
deputation to the Company and others for their
valuable service and support during the year.
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Director
Director
DIN: 00081466
DIN: 01571321
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January 25, 2016
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Plot No. W7,
.:&.DODPEROL
Dist. Raigad 410 218
262
Corporate Overview
FORM No. MGT- 9

CIN
Registration Date
Name of the Company
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Tel. No: 022 - 2742 4285
No
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NIC Code of the
Product / Services
Product / Service
99671900
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70.43%

CIN / GLN
$&&/LPLWHG
Holding /
% of Applicable
Subsidiary / Shares
Section
Associate
held
Holding
94.65%
2(46)
Company
/0+3/&
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Category of
Shareholders
A.

(January 1, 2015)

(December 31, 2015)
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
%
Change
% of Total during
the year
Shares
Promoter Group)
(1) Indian
a)
,QGLYLGXDOV+8)
10
10
b)
Central Govt.
c)
State Govt.(s)
d)
%RGLHV&RUSRUDWH
94.65
94.65
%DQNV)O
Any Other (specify)
50
50
40
40
94.65
94.65
e)
f)
31,842,000 31,842,000
31,842,000 31,842,000
Directors
Sub-Total (A)(1)
31,842,050 31,842,050
31,842,050 31,842,050
263
Category of
Shareholders

(January 1, 2015)
Demat
(2) Foreign
c) %RGLHV&RUSRUDWH
d) %DQNV)O
Sub-Total (A)(2)
Group (A)=(A)(1)+(A)(2)
(1) Institutions
a) 0XWXDO)XQGV
b) %DQNV),
c) Central Govt.
d) State Govt.(s)
g) FIIs
h) Foreign Venture
Capital Funds
i)
Any Other (specify)
Sub-Total (B)(1)
a) Bodies Corporate
i)
Indian
ii) Overseas
b) Individuals
i)
FDSLWDOLQH[FHVVRI
` 1 lakh
c)
Any Other (specify)
Sub-Total (B)(2)
(B)=(B)(1)+(B)(2)
C. Shares held by
Custodian for
GDRs & ADRs
264
Physical
Total

(December 31, 2015)
% of Total
Shares
Demat
Physical
Total
%
Change
% of Total during
the year
Shares
31,842,050 31,842,050
94.65
31,842,050 31,842,050
94.65
1,800,020
-
5.35
-
1,800,020 1,800,020
-
5.35
-
0
-
1,800,020
-
1,800,020
1,800,020
5.35
1,800,020
1,800,020
5.35
100
33,642,070 33,642,070
5.35
5.35
100
1,800,020 1,800,020
1,800,020 1,800,020
-
33,642,070 33,642,070
Corporate Overview

No.

(January 1, 2015)
% of Shares
No. of
% of total
pledged /
Shares
shares
encumbered to
of the
total shares
Company

% change in
(December 31, 2015)
shareholding
during the
% of Shares
No. of
% of total
year
pledged /
Shares
shares of the
total shares
$&&/LPLWHG
31,842,000
94.65
31,842,000
94.65
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10
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10
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10
10
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10
10
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10
10
31,842,050
94.65
31,842,050
94.65
Total
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company

(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
of the Company
$&&/LPLWHG
31,842,000
94.65
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No change

2
94.65
10
10
0U6XQLO1D\DNMRLQWO\ZLWK$&&/LPLWHG
10

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3
31,842,000
0U+DULVK%DGDPLMRLQWO\ZLWK$&&/LPLWHG
LQFUHDVHGHFUHDVH
10
0
No change
265
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company

(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
of the Company
0U%XUMRU'1DULPDQMRLQWO\ZLWK$&&/LPLWHG
10

LQFUHDVHGHFUHDVH
No change

5
10
10
0U-D\DQWD'DWWD*XSWDMRLQWO\ZLWK$&&/LPLWHG
10

LQFUHDVHGHFUHDVH
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6
10
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10

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No change
as on December 31, 2015:
(January 1, 2015)
(Jan. 1, 2015 to Dec. 31, 2015)
Name of Shareholder
Central Government:
The President of India The Development
commission for Cement Industry
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Development Commission for Cement
Industry
Total
No of shares
the Company
No of shares
the Company
1,800,000
5.35
1,800,000
5.35
10
10
0
0
10
10
0
0
1,800,020
5.35
1,800,020
5.35
v) Shareholding of Directors & Key Managerial Personnel:

Sr.
No.
1
266
Name of Director

(January 1, 2015)
Promoters Shareholding
No of shares
the Company
10

(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
the Company
10
No Change
Corporate Overview
Sr.
No.
2
Name of Director

(January 1, 2015)
No of shares
the Company

(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
the Company
0U+DULVK%DGDPLMRLQWO\ZLWK$&&/LPLWHG
10
0
No Change
10
0U%XUMRU'1DULPDQMRLQWO\ZLWK$&&/LPLWHG(resigned as Director with effect from October 15, 2015)
10
0
No Change
10
10
0
No Change
10
0U-R\GHHS0XNKHUMHHMRLQWO\ZLWK$&&/LPLWHG(resigned as Director with effect from December 11, 2015)

10
0
No Change
10
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V. Indebtedness
Secured Loans
excluding
deposits
Unsecured
Loans
Deposits
Total
Indebtedness
` Crore
i) Principal Amount
Total (i+ii+iii)
Addition
Reduction
Net Change
i) Principal Amount
Total (i+ii+iii)
267
VI. Remuneration of Directors and Key Managerial Personnel

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sr
No.
1
Total
Amount
`
Name of MD/WTD/
Manager
Gross Salary
(a) Salary as per provisions contained in Section 17(1) of the Income

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30,000
60,000
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30,000
60,000
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60,000
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268
Names of Directors
Mr N H Italia
Sr
No.
Corporate Overview
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD:

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Type
Section of the
Companies Act
Brief Description
Details of Penalty/
Punishment/
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imposed
Authority (RD /
NCLT/ COURT)
Appeal made, if
any (give Details)
Penalty
Punishment
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Penalty
Punishment
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Penalty
Punishment
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A. COMPANY
B. DIRECTORS
C. OTHER OFFICERS IN DEFAULT
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Director
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January 25, 2016
269
AUDITORS REPORT
TO THE MEMBERS OF BULK CEMENT CORPORATION (INDIA) LIMITED
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BALANCE SHEET AS AT DECEMBER 31, 2015

3DUWLFXODUV
1RWH
1R
2015
` Lakhs

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FOR THE YEAR ENDED DECEMBER 31, 2015

3DUWLFXODUV
EQUITY AND LIABILITIES :

6KDUHKROGHUV)XQG
6KDUH&DSLWDO

5HVHUYHV 6XUSOXV

4,817.65
5,348.36
TOTAL
STATEMENT OF PROFIT AND LOSS

1RWH
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2015
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INCOME:
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2WKHU,QFRPH
15

2,090.06
2,331.36
Total Revenue
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EXPENSE :

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1,785.93
1,702.15
304.13
629.21
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Depreciation
TOTAL
1,043.12
959.80
Total Expenses
TOTAL
5,986.89
6,848.85
ASSETS:
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2,919.88
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4,435.93
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10
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$VVHWVKHOGIRU'LVSRVDO
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6XPPDU\RI6LJQLoFDQW
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3,067.01
2,412.92
5,986.89
6,848.85
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(530.71)
432.99

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CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2015
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Net Cash from Operating Activities

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(195.18)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER , 2015
NOTE -3 : SHARE CAPITAL
NOTE-4 : RESERVES & SURPLUS

2015
` Lakhs

` /DNKV
AUTHORISED

1,10,00,000 (Previous Year -1,10,00,000)

3UHIHUHQFH6KDUHVRI`10 each

TOTAL

(TXLW\ 6KDUHV 2I ` 10 each

IXOO\SDLG(Previous Year-3,36,42,070)

TOTAL

ISSUED SUBSCRIBED AND FULLY PAID UP


$GG3URoW/RVVRIWKH\HDU

TOTAL

NOTE -5 : DEFERRED TAX LIABILITIES (NET)
Details of shareholders holding more than 5% of the shares of the

Company and shares held by holding Company
2015

No of
% of
1RRI
% of
Shares
Holding
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2015

No of
Amount
1RRI
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Shares
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beginning of the year
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year
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the year
(c)
TOTAL

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NOTE 6 : TRADE PAYABLES
7UDGH3D\DEOHV
2015

` Lakhs
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Due to The Holding Company: ACC Limited

` 17.17 lakhs (Previous year ` 12.29 lakhs)
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NOTE 7 : OTHER CURRENT LIABILITIES
Rights and restrictions attached to equity shares:

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of `SHUVKDUH(DFKVKDUHKROGHURIHTXLW\VKDUHVLVHQWLWOHGWR
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TOTAL
Reconciliation of No of Equity shares
2015
` Lakhs
Deferred Tax Liabilities arising on account of :

'HSUHFLDWLRQGLIIHUHQFHV
(b)

` /DNKV
6XUSOXVLQWKHVWDWHPHQWRISURoWDQGORVV
(Previous Year-3,40,00,000)

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2015
` Lakhs
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2015

` Lakhs
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2WKHU&XUUHQW/LDELOLWLHV

TOTAL

(TXLW\ VKDUHV KHOG E\ KROGLQJ FRPSDQ\ XOWLPDWH KROGLQJ DQG

their subsidiaries
2015
Number of
Amount
shares
` Lakhs
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$&&/LPLWHG

1XPEHURI $PRXQW
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277

NOTE 8 (A) : TANGIBLE ASSETS
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As at
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31-12-2015 01-01-2015
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As at
As at
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Year
3URoW /RVV
31-12-2015 31-12-2015
account due
to change in
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:DJRQ /RFR

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2IoFH
(TXLSPHQWV

10,487.83
5,762.41
405.86
6,168.27
4,319.56
3ODQW
(TXLSPHQW
9HKLFOHV
TOTAL
Previous Year

9,481.36
1,006.47
Note:7KHWHUPLQDOLVRQOHDVHKROGODQGRIWKH&HQWUDO*RYHUQPHQWLQSRVVHVVLRQRIWKH&RPSDQ\,WZDVVDQFWLRQHGIRUWKHSURMHFWE\WKH0LQLVWU\RI,QGXVWU\
*RYHUQPHQWRI,QGLDYLGHOHWWHU1R'&&,'76XEOHDVHJUDQWHGE\&HQWUDOJRYHUQPHQWWRWKHFRPSDQ\IRU\HDUVRQ
HIIHFWLYHIURP
NOTE 8 (B) : INTANGIBLE ASSETS
`/DNKV
3$57,&8/$56
*5266%/2&.
$0257,6$7,21
1(7%/2&.
As at
$GGLWLRQV 'HOHWLRQV
As at
As at
)RU7KH 2Q'HOHWLRQ
As at
As at
$VDW
01-01-2015 $GMXVWPHQWV
31-12-2015 01-01-2015
Year
'LVSRVDOV $GMXVWPHQWV 31-12-2015 31-12-2015
6RIWZDUH

TOTAL

Previous Year
10.03
6.58
16.61
1.41
4.13
5.54
11.07
Note 9 : LOANS & ADVANCES

2015
Non Current
` Lakhs

Current
` Lakhs
Current
`/DNKV
1RQ&XUUHQW
`/DNKV
8QVHFXUHG&RQVLGHUHG*RRG
(a)
&DSLWDO$GYDQFHV
(b) 2WKHU'HSRVLWV
(c)
$GYDQFHVUHFRYHUDEOHLQFDVKRULQNLQGRUIRUYDOXHWREHUHFHLYHG
(d) )UHLJKW5HEDWH5HFRYHUDEOH)URP5DLOZD\V
(e)
$GYDQFH7D[3DLG1HWRISURYLVLRQIRU7D[DWLRQ$PW` /DNKV

Previous year ` 484.54 /DNKV
(f)
$GYDQFH)ULQJH%HQHoW7D[1HWRISURYLVLRQIRU7D[DWLRQ$PW` /DNKV

Previous year ` 1.95 /DNKV

(g) %DODQFHZLWK([FLVH&XVWRPVDQG3RUW7UXVW$XWKRULWLHVRQ&XUUHQWDFFRXQWV

(h) 3UHSDLG([SHQVHV

TOTAL
278
Corporate Overview
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015
Note 10: CURRENT INVESTMENTS 9DOXHGDW/RZHURI&RVWDQG)DLU9DOXH
2015
Amount
` Lakhs

Number of
Units
$PRXQW
`/DNKV
1XPEHURI
8QLWV
,QYHVWPHQWLQ0XWXDO)XQGV)XOO\SDLGXS8QTXRWHG
Unit of Face Value ` 1,000 each
'63%ODFNURFN0RQH\0DQDJHU)XQG5HJXODU3ODQ*URZWK2SWLRQ
100


7DXUXV/LTXLG)XQG([LVWLQJ3ODQ6XSHU,QVWLWXWLRQDO*URZWK2SWLRQ
300

1,500


.RWDN)ORDWHU6KRUW7HUP*URZWK5HJXODU3ODQ

TOTAL

Aggregate amount of Unquoted Investments


5HOLDQFH/LTXLG)XQG7UHDVXU\SODQ*URZWK2SWLRQ
5HOLDQFH/LTXLG)XQG&DVK3ODQ*URZWK2SWLRQ
Unit of Face Value ` 100 each
':6,QVWD&DVK3OXV)XQG*URZWK
NOTE 11 : INVENTORIES
$W&RVWRU1HW5HDOLVDEOHYDOXHZKLFKHYHULVORZHU
NOTE 14 : REVENUE FROM OPERATIONS
2015
` Lakhs
2015
` Lakhs

`/DNKV
6WRUHV 6SDUH3DUWV

/HVV$OORZDQFHIRU6ORZPRYLQJLQYHQWRU\

TOTAL

6$/(2)6(59,&(6
%XON+DQGOLQJ&KDUJHV
5HFRYHUHGIURP$&&OLPLWHG
5HFHLYHGIURP5DLOZD\V

`/DNKV
2WKHUV
8QVHFXUHG&RQVLGHUHG*RRG
TOTAL
0LVFHOODQHRXV,QFRPH

Due from The Holding Company: ACC Limited

` 174.97 Lakhs; (Previous year `259.94 Lakhs),
Maximum Outstanding Balance during the
Period ` 484.15 Lakhs : (Previous year ` 525.02
Lakhs )

27+(523(5$7,1*5(9(18(

)UHLJKW5HEDWH
NOTE 12 : TRADE RECEIVABLE

2015
` Lakhs

`/DNKV
REVENUE FROM OPERATIONS(NET)

2015
` Lakhs

`/DNKV

NOTE 15 : OTHER INCOME

NOTE 13: CASH & BANK BALANCES

2015
` Lakhs

`/DNKV
3URoWRQVDOHRI&XUUHQW,QYHVWPHQW
,QWHUHVWRQGHSRVLWV
3URoWRQ6DOHRI)L[HG$VVHWV
TOTAL
&DVKDQG&DVK(TXLYDOHQW
&DVKRQ+DQG

%DODQFHVZLWK6FKHGXOHG%DQNVLQ&XUUHQW
$FFRXQWV

TOTAL

279

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2015
(III)
NOTE 16 : EMPLOYEE BENEFITS EXPENSES

2015
` Lakhs
6WDIIZHOIDUH
+ROGLQJ&RPSDQ\

`/DNKV
$&&/LPLWHG

'HSXWDWLRQFKDUJHV

TOTAL

2015
` Lakhs
NOTE 17 : OPERATING AND OTHER EXPENSES

2015
` Lakhs

`/DNKV
3RZHU IXHO

5DWHV WD[HV

,QVXUDQFH

&RQVXPSWLRQRIVWRUHVDQGVSDUHV

5HSDLUVDQGPDLQWHQDQFHSODQW

5HSDLUVDQGPDLQWHQDQFHEXLOGLQJV

5HSDLUVDQGPDLQWHQDQFHRWKHUV

6HFXULW\FKDUJHV

6WDWXWRU\DXGLW

/HJDOVHUYLFHV
Transactions with Related Parties during the year:

`/DNKV
a)
5HQGHULQJRI6HUYLFHVLQFOXVLYH
RI6HUYLFHWD[
b)
'HSXWDWLRQ&KDUJHV3DLG
c)
3XUFKDVHRI&HPHQW

d)
3XUFKDVHRI&RQFUHWH

e)
5HLPEXUVHPHQWRI)UHLJKW
Rebate

f)
2XWVWDQGLQJEDODQFHLQFOXGHGLQ
&XUUHQWDVVHWV

g)
2XWVWDQGLQJEDODQFHLQFOXGHGLQ
&XUUHQWOLDELOLWLHV

h)
5HLPEXUVHPHQWRIH[SHQVHV
SDLG1HWRI5HYHUVDO
3RZHU([SHQVHV

2WKHUV

i)
5HLPEXUVHPHQWRIH[SHQVHV
received

5HPXQHUDWLRQWRDXGLWRUV
Tax audit

2WKHUVHUYLFHV

2XWRISRFNHWH[SHQVHV

3URYLVLRQIRUVORZPRYLQJLQYHQWRU\
2WKHUH[SHQVHV
/RVVRQo[HGDVVHWVVFUDSSHGUHWLUHG
1HW
TOTAL
18
Related Party Disclosures
(I)
Particulars of Related Parties:
(II)
280
19.
TAXATION
7KH &RPSDQ\ KDV EHHQ UHFRJQL]LQJ LQ WKH oQDQFLDO VWDWHPHQWV
WKH GHIHUUHG WD[ DVVHWVOLDELOLWLHV LQ DFFRUGDQFH ZLWK $FFRXQWLQJ
6WDQGDUG k$FFRXQWLQJ IRU 7D[HV RQ ,QFRPHy QRWLoHG XQGHU
6HFWLRQ RI WKH &RPSDQLHV $FW UHDG ZLWK 5XOH 1R RI
&RPSDQLHV $FFRXQWV 5XOHV 'XULQJ WKH \HDU WKH &RPSDQ\
KDVFUHGLWHGWRWKH6WDWHPHQWRI3URoW /RVVDUHYHUVDORI'HIHUUHG
7D[OLDELOLW\RI`/DNKV(Previous Year reversal ` 15.82 Lakhs )
20. EARNING PER SHARE:

3DUWLFXODUV
2015
3URoW/RVVDIWHUWD[DWLRQDVSHU

6WDWHPHQWRI3URoWDQGORVV`LQ/DNKV

:HLJKWHGDYHUDJHQXPEHURI(TXLW\
VKDUHVRXWVWDQGLQJ
$&&/WG
+ROGLQJ&RPSDQ\
%DVLFHDUQLQJVSHU6KDUH:HLJKWHG
$YHUDJHLQ` )DFHYDOXH` SHUVKDUH

7KHUHDUHQRSRWHQWLDOHTXLW\VKDUHVDQGKHQFHWKHUHLVQRZRUNLQJIRU
GLOXWHGHDUQLQJSHUVKDUH
Key Management Personnel:

0U-LWHQGUD.XPDU
+HDG%&&,
0LVV0DOLQL0HQRQ
0UV%LQLWD.KRU\
&RPSDQ\6HFUHWDU\
Corporate Overview
21.
CONTINGENT LIABILITIES NOT PROVIDED FOR:
6U 3DUWLFXODUV
1R
2015
` Lakhs

`/DNKV
23. 'XULQJ WKH \HDU ZLWK HIIHFW IURP WKH &RPSDQ\ KDV
UHYLVHGWKHFKDUJLQJRIGHSUHFLDWLRQEDVHGRQWKHSUHVFULEHGOLIHDV
SHUVFKHGXOH,,WRWKH&RPSDQLHV$FW&RQVHTXHQWO\
CLAIMS NOT ACKNOWLEDGED BY

THE COMPANY

5DLOZD\V

6HUYLFH7D[DQG3HQDOW\

&HQWUDO([FLVH

3HQGLQJ/LWLJDWLRQVE\RUDJDLQVWWKH&RPSDQ\LVDVXQGHU
D
7KHFKDUJHRIGHSUHFLDWLRQIRUWKH\HDULVKLJKHUE\`
/DNKV
E
7KH &KDUJH RI GHSUHFLDWLRQ LQ UHVSHFW RI HDUOLHU \HDUV KDV
EHHQFKDUJHGRIIWRWKHSURoWDQG/RVVDFFRXQWDVSHUPLWWHG
DQGLVGLVFORVHGDVDQH[FHSWLRQDOLWHPLQWKH6WDWHPHQWRI
3URoWDQG/RVV`/DNKV
F
,Q WKH RSLQLRQ RI WKH %RDUG RI GLUHFWRUV DQ\ RI WKH DVVHWV
RWKHUWKDQo[HGDVVHWVDQGQRQFXUUHQWLQYHVWPHQWVGRQRW
KDYHDYDOXHRQUHDOL]DWLRQLQWKHRUGLQDU\FRXUVHRIEXVLQHVV
ORZHU WKDQ DW OHDVW HTXDO WR WKH DPRXQW DW ZKLFK WKH\ DUH
VWDWHG
$QDSSHDOKDVEHHQoOHGE\WKH&RPPLVVLRQHURI6HUYLFHWD[LQWKH%RPED\
+LJK&RXUWDJDLQVWWKHRUGHUHDUOLHUSDVVHGE\WKH&(67$7LQIDYRXURIWKH
FRPSDQ\LQUHODWLRQWR6HUYLFHWD[DQGSHQDOW\`/DNKV
22. (VWLPDWHG DPRXQW RI FRQWUDFWV UHPDLQLQJ WR EH H[HFXWHG RQ
FDSLWDODFFRXQWDQGQRWSURYLGHGIRUQHWRIDGYDQFH` /DNKV
(Previous Year ` 134.21 Lakhs).
$V3HURXUUHSRUWRIHYHQGDWH
24. 3UHYLRXV\HDU
VoJXUHVKDYHEHHQUHJURXSHGUHDUUDQJHGZKHUHYHU
QHFHVVDU\WRPDNHWKHPFRPSDUDEOHZLWKWKHFXUUHQW\HDU
VoJXUH
)RUDQGRQEHKDOIRIWKH%RDUG2I'LUHFWRUVRI%XON&HPHQW&RUSRUDWLRQ,QGLD/LPLWHG
JAYANTA DATTAGUPTA
SUNIL K. NAYAK
Director
Director
',1
',1
RAJESH S.JOSHI
BINITA KHORY
MALINI MENON
Partner
Company Secretary
0HPEHUVKLS1XPEHU
0XPEDL-DQXDU\
281
LUCKY MINMAT LIMITED (LML)
BOARDS REPORT
TO THE MEMBERS OF
LUCKY MINMAT LIMITED

oQDQFLDO\HDU
The Directors take pleasure in presenting the Fortieth

Annual Report on the business and operations of the
Company and the Audited Financial Statements for the
year ended December 31, 2015.
1.
PARTICULARS
3URoW/RVV%HIRUH7D[
3URYLVLRQIRU7D[DWLRQ
3URoW/RVVDIWHU7D[
from previous year
%DODQFHFDUULHGIRUZDUGWR
%DODQFH6KHHW
2.
2015
`
3,28,912
2014
`
12,99,452

6.

7KHUHDUHQRVLJQLoFDQWDQGPDWHULDORUGHUVSDVVHG
(45,31,381) (78,55,388)
(45,31,381) (78,55,388)
(2,68,86,292) (1,90,30,904)
7. PARTICULARS
INVESTMENTS
OPERATIONS

282
GUARANTEES
OR
8.
CONTRACT OR ARRANGEMENT WITH RELATED

PARTIES
there is no requirement to furnish any information
in Form AOC2.
9.
DIRECTORS
7KH %RDUG RI 'LUHFWRUV KDV DSSRLQWHG 0U 5DPQLN

Gupta as an Additional Director of the Company with
HIIHFWIURP$SULO0U*XSWDKROGVRIoFHXSWR
the date of the Annual General Meeting. Accordingly,
his candidature for appointment as a Director has
been included in the Notice convening the Annual
General Meeting of the Company.
7KH%RDUGRI'LUHFWRUVKDVDSSRLQWHG0U5DMDW.XPDU
Prusty as an Additional Director of the Company with
HIIHFWIURP0D\0U3UXVW\KROGVRIoFHXSWR
the date of the Annual General Meeting. Accordingly,
DIVIDEND
LOANS,
7KHUH DUH QR ORDQV JXDUDQWHHV JLYHQ DQG

investments made under the provisions of
Section 186 of the Companies Act, 2013.

December 31, 2015.
4.
OF

(3,14,18,123) (2,68,86,292)
There was no production and despatches during

the year 2015. The Government of Rajasthan has
cancelled both the minor mineral lease and the major
mineral leases with effect from January 29, 2014 and
March 05, 2014 respectively and taken possession of
WKH0LQHV$:ULW3HWLWLRQZDVoOHGLQWKH+LJK&RXUW
for withdrawal of the Order cancelling the mining
leases. The Writ Petition was heard and the Court
whilst setting aside the aforesaid Order directed the
Company to represent its case before the Ministry
of Mines, Government of Rajasthan. The Company
has accordingly made representations before the
appropriate Mining Authorities. The matter was
heard and the decision of the Mining Authorities in
this regard is awaited.
3.
5.
Corporate Overview

General Meeting of the Company.

with effect from October 16, 2015. Mr Chadha holds
RIoFHXSWRWKHGDWHRIWKH$QQXDO*HQHUDO0HHWLQJ
Accordingly, his candidature for appointment as a
the Annual General Meeting of the Company.

been fROORZHG DORQJ ZLWK SURSHU H[SODQDWLRQ
ii.
Mr Umesh Pratap who was appointed as a Director of
the Company with effect from April 13, 2012, ceased
to be a Director of the Company with effect from
April 08, 2015.
Mr Rajiv Prasad who was appointed as a Director of
the Company with effect from February 01, 2013,
from May 15, 2015.
Mr Madhav G Damle who was appointed as a Director
of the Company with effect from February 01, 2013,
from September 04, 2015.
7KH %RDUG KDV SODFHG RQ UHFRUG LWV DSSUHFLDWLRQ IRU

the valuable contribution made by Mr Umesh Pratap,
Mr Rajiv Prasad and Mr M G Damle during their
respective tenures as Directors of the Company.
In accordance with the provisions of the
Companies Act, 2013, Mr S Viswanathan retires
by rotation and being eligible offers himself for
re-appointment as a Director of the Company.
Accordingly, his appointment has been included in
the Notice convening the Annual General Meeting of
the Company.

L


and judgments and estimates have been made
that are reasonable and prudent so as to give
a true and fair view of the state of affairs of
the Company as at December 31, 2015 and of
the loss of the Company for the year ended on
that date;

v.

11. MEETINGS
The Company held a minimum of one board
meeting in every quarter. During the year ended
'HFHPEHU oYH PHHWLQJV ZHUH KHOG RQ
January 21, 2015, April 08, 2015, May 04, 2015,
July 14, 2015 and October 16, 2015.
The Company is not required to constitute an Audit
Committee, Nomination & Remuneration Committee
or Corporate Social Responsibility Committee.
12. AUDITORS
(ICAI Firm Registration No 100186W) who are the
6WDWXWRU\ $XGLWRUV RI WKH &RPSDQ\ KROG RIoFH
until the conclusion of the ensuing Annual General
Meeting of the Company and are eligible for
re-appointment. Members of the Company at the
Companys 39th Annual General Meeting had
DSSURYHGWKHDSSRLQWPHQWRI0HVVUV.6$L\DU &R
IRUDWHUPRIoYHoQDQFLDO\HDUVLHXSWR tKHoQDQFLDO
283
year ending December 31, 2019. As required under

the provision of the Companies Act, 2013, the
DSSRLQWPHQWRIWKH$XGLWRULVUHTXLUHGWREHUDWLoHG
by the Members each year at the Annual General
Meeting. Accordingly, requisite resolution forms
part of the Notice of the Annual General Meeting.
7KH &RPSDQ\ KDV REWDLQHG ZULWWHQ FRQoUPDWLRQ
IURP0HVVUV.6$L\DU &RWKDWWKHLUDSSRLQWPHQW
if made, would be in conformity with the Companies
Act, 2013. Your Directors recommend the
UHDSSRLQWPHQWRI0HVVUV.6$L\DU &R&KDUWHUHG
Accountants, as Auditors of the Company for the
year 2016.
13. ANNUAL RETURN
There are no employees on the rolls of the Company.

+HQFHWKHUHLQQRGLVFORVXUHXQGHU6HFWLRQRI
the Companies Act, 2013 read with Rule 5(1) and 5(2)
of The Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014.
16. ACKNOWLEDGEMENT
<RXU'LUHFWRUVWDNHWKLVRSSRUWXQLW\WRH[SUHVVWKHLU
DSSUHFLDWLRQ RI WKH H[FHOOHQW FRRSHUDWLRQ UHFHLYHG
from the Government Authorities and Companys
%DQNHUV <RXU 'LUHFWRUV DOVR DFNQRZOHGJH WKH
unstinted assistance and support received from ACC
/LPLWHGWKH+ROGLQJ&RPSDQ\

The Companies (Management and Administration)
Rules, 2014 in the prescribed Form MGT-9 is enclosed
DQGPDUNHGk$QQH[XUH$y

TECHNOLOGY
ABSORPTION
AND
FOREIGN
DEVRUSWLRQDQGIRUHLJQH[FKDQJHHDUQLQJV RXWJR
284
Mumbai
January 27, 2016
5HJLVWHUHG2IoFH
*&.DELU0DUJ
%DQL3DUN
Jaipur 302 106
Rajasthan
Naveen Chadha
Director
DIN:00191181
S Viswanathan
Director
DIN:02787215
Corporate Overview
FORM No. MGT- 9

CIN
Registration Date
Name of the Company
85-3/&
September 8, 1976
/XFN\0LQPDW/LPLWHG
,QGLDQ1RQ*RYHUQPHQW/LPLWHGE\VKDUHV3XEOLF&RPSDQ\
*&.DELU0DUJ%DQL3DUN-DLSXU5DMDVWKDQ
Tel. No: 0141-2200608
No
Not Applicable

NIC Code of the
Product / Services
Product / Service
14107
0LQLQJ TXDUU\LQJ RI OLPHVWRQH OLPHVKHOO

kankar and other calcareous minerals including
calcite, chalk and shale
1,/

CIN / GLN
$&&/LPLWHG
Holding /
% of Applicable
Subsidiary / Shares
Section
Associate
held
+ROGLQJ
/0+3/&
100%
2(46)
Category of
Shareholders
A.

(January 1, 2015)

(December 31, 2015)
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
%
Change
% of Total during
the year
Shares
Promoter Group)
(1) Indian
a)
,QGLYLGXDOV+8)
0.001
0.001
b)
Central Govt.
c)
State Govt.(s)
d)
%RGLHV&RUSRUDWH
324994
324994
99.999
324994
324994
99.999
e)
%DQNV)O
f)
Any Other (specify)
325000
325000
100
325000
325000
100
Directors
Sub-Total (A)(1)
285
Category of
Shareholders
(2) Foreign
c) %RGLHV&RUSRUDWH
d) %DQNV)O
Sub-Total (A)(2)
Group (A)=(A)(1)+(A)(2)
(1) Institutions
a) Mutual Funds
b) %DQNV),
c) Central Govt.
d) State Govt.(s)
g) FIIs
h) Foreign Venture
Capital Funds
i)
Any Other (specify)
Sub-Total (B)(1)
a) Bodies Corporate
i)
Indian
ii) Overseas
b) Individuals
i)
FDSLWDOLQH[FHVVRI`
1 lakh
c)
Any Other (specify)
Sub-Total (B)(2)
(B)=(B)(1)+(B)(2)
C. Shares held by
Custodian for
GDRs & ADRs
286

(January 1, 2015)

(December 31, 2015)
%
Change
% of Total during
the year
Shares
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
325000
325000
100
325000
325000
100
325000
325000
100
325000
325000
100
Corporate Overview

No.

(January 1, 2015)
No. of
% of total
% of Shares
Shares
shares
pledged /
of the
encumbered to
Company
total shares
$&&/LPLWHG
324994
Mr Sunil Nayak jointly

ZLWK$&&/LPLWHG
01
01
Mr Ramnik Gupta jointly

ZLWK$&&/LPLWHG
01
01
0U%XUMRU'1DULPDQ
MRLQWO\ZLWK$&&/LPLWHG
01
01
Mr S Viswanathan jointly
ZLWK$&&/LPLWHG
01
01
Mr Rajesh Seth jointly

ZLWK$&&/LPLWHG
01
01
Mr Rajiv Prasad jointly

ZLWK$&&/LPLWHG
01
00
Mr Rajendra Singh
Rathore jointly with
$&&/LPLWHG
00
01
325000
Total
324994
99.999

% change in
(December 31, 2015)
shareholding
during the
No. of
% of total
% of Shares
year
Shares
shares of the
pledged /
total shares
0.001
325000
100
99.999
0.001
100
Sr. Particulars
No.
(January 1, 2015)
(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
No. of Shares
% of total shares
of the Company
of the Company
1
$&&/LPLWHG
324994
99.999

LQFUHDVHGHFUHDVH
No change

2
01
99.999
01
0.000
01
0.000
0.000

LQFUHDVHGHFUHDVH
No change

3
324994
0U6XQGDUDSDQGLDQ9LVZDQDWKDQMRLQWO\ZLWK$&&/LPLWHG
LQFUHDVHGHFUHDVH
01
0.000
No change
287
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
01
LQFUHDVHGHFUHDVH
0U5DMHVK6HWKMRLQWO\ZLWK$&&/LPLWHG
01
LQFUHDVHGHFUHDVH
0U5DPQLN*XSWDMRLQWO\ZLWK$&&/LPLWHG
01
LQFUHDVHGHFUHDVH
0U5DMLY3UDVDGMRLQWO\ZLWK$&&/LPLWHG
01
LQFUHDVHGHFUHDVH
0U5DMHQGUD6LQJK5DWKRUHMRLQWO\ZLWK$&&/LPLWHG
00
LQFUHDVHGHFUHDVH

(Jan. 1, 2015 to Dec. 31, 2015)
No. of Shares
% of total shares
of the Company
0.000
No change
01
0.000
01
0.000
01
0.000
01
(Transfer on July 14, 2015)
0.000
00
0.000
01
0.000
01
0.000
0.000
No change
0.000
No change
0.000
0.000
6KDUHVRI0U5DMLY3UDVDGMRLQWO\ZLWK$&&/LPLWHGKDYHEHHQWUDQVIHUUHGWR0U5DMHQGUD6LQJK5DWKRUHMRLQWO\ZLWK$&&/LPLWHGRQ-XO\
Sr.
No.
1
288
Name of the Directors

(January 1, 2015)
0U69LVZDQDWKDQMRLQWO\ZLWK$&&/LPLWHG
'DWHZLVH,QFUHDVHWUDQVIHU
No of shares
the company
01
0.000

(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
the company
No change
01
0.000
Corporate Overview
Sr.
No.
2
Name of the Directors

(January 1, 2015)

(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
No of shares
the company
0U5DPQLN*XSWDMRLQWO\ZLWK$&&/LPLWHG(appointed with effect from 08.04.2015)
01
0.000
No change
01
0U5DMLY3UDVDGMRLQWO\ZLWK$&&/LPLWHG(resigned with effect from 15.05.2015)
01
0.000
01
the company
0.000
01
0.000
0.000
V. Indebtedness
Secured Loans
excluding deposits
`
Unsecured
Loans
`
Deposits
`
Total
indebtedness
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1,18,11,744
1,18,11,744
1,18,11,744
1,18,11,744
1,18,11,744
1,18,11,744
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1,18,11,744
i) Principal Amount
Total (i+ii+iii)
Addition
Reduction
Net Change
i) Principal Amount
Total (i+ii+iii)

B. Remuneration to Other Directors: Not Applicable
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD: Not Applicable

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January 27, 2016
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AS AT DECEMBER 31,2015
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CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31,2015

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1.
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2015
Number of
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of the year
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reporting
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the end of the
reporting Year
SHARE CAPITAL
2015
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$87+25,6('6+$5(6
(previous year: 325,000)HTXLW\
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68%6&5,%(' 3$,'83
(previous year: 3,25,000)HTXLW\
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of `HDFK$OOHTXLW\VKDUHVFDUU\VLPLODUYRWLQJULJKWVRI
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their subsidiaries
2015
Number
of shares
$OOVKDUHVDUHKHOGE\$&&OLPLWHGWKH
KROGLQJFRPSDQ\ LWV1RPLQHH
TOTAL

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3.

Amount
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`
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$PRXQW
`
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$&&/LPLWHG

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2015
Number
of shares

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297

4.

2015
`
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year
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6.

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CURRENT LIABILITIES
2015
`

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`

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TOTAL

2015
`

`

7. SHORT TERM PROVISIONS
5.
LONG TERM BORROWING

2015
`

`
,QWHUFRUSRUDWHGHSRVLWIURP
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TOTAL

2WKHUV
TOTAL

NOTE - 8- FIXED ASSETS

),;('$66(76
$PRXQWLQ `
*5266%/2&.$7&267
As at
01.01.2015
727$/
'(35(&,$7,21$0257,6$7,21
As at
31.12.2015
As at
01.01.2015
1(7%/2&.
As at
31.12.2015
)RUWKH<HDU
As at
31.12.2015
$VDW

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Machinery

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TOTAL

Previous Year

9.
NON-CURRENT INVESTMENTS
2015
`

`
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FRVW
1DWLRQDO6DYLQJ&HUWLoFDWH

TOTAL

298
10. LONG - TERM LOANS AND ADVANCES

8QVHFXUHGFRQVLGHUHG*RRGXQOHVVRWKHUZLVHVWDWHG

$GYDQFHV3D\PHQWDJDLQVWWD[HV
TOTAL
2015
`

`

Corporate Overview
11.
TRADE RECEIVABLES
15.
2015
`
REVENUE FROM OPERATIONS

2015
`

`

`
8QVHFXUHGFRQVLGHUHGJRRGXQOHVV
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2WKHUV


TOTAL

16.
12.
OTHER INCOME
CASH AND BANK BALANCES

2015
`

`
2015
`

`
,QWHUHVWRQ%DQNGHSRVLWV

TOTAL

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17.1 OTHER EXPENSES
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TOTAL
2015
`
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SHORT - TERM LOANS AND ADVANCES

2015
`

`

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13.

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727$/$

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received
TOTAL
3$<0(177267$78725<$8',7256(;&/8',1*6(59,&(7$;
2015
`

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14.
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2015
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TOTAL


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727$/%

727$/$%
299

18 . RELATED PARTY DISCLOSURE
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1R:
SACHIN A. NEGANDHI
Partner
0HPEHUVKLS1R
0XPEDL-DQXDU\
300
Ramnik Gupta
Director
Rajat Prusty
Director
Corporate Overview
BOARDS REPORT
TO THE MEMBERS OF
NATIONAL LIMESTONE COMPANY PRIVATE LIMITED
6.
The Directors take pleasure in presenting the Thirty Fifth

Annual Report on the business and operations of the

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1.
7.
PARTICULARS
INVESTMENTS
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investments made under the provisions of Section
186 of the Companies Act, 2013.
8.

PARTIES
PARTICULARS
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from previous year
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2.
2015
`
2,01,183
2014
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-
(21,87,246)
(21,87,246)
(76,89,500)
(22,94,305)
(22,94,305)
(53,95,195)
(98,76,746)
(76,89,500)
3.
4.
9.

DIRECTORS
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Gupta as an Additional Director of the Company with
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Prusty as an Additional Director of the Company with
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OR
5.
GUARANTEES
DIVIDEND
December 31, 2015.
LOANS,

Related Parties are in ordinary course of business
and are on an arms length pricing basis. There are
no material related party transactions. Accordingly,
in Form AOC2.
OPERATIONS
There was no production and despatches during the
year 2015. The period for which the consent was
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and the Company has applied for renewal of consent
to operate the mines from the Rajasthan State
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301
NATIONAL LIMESTONE COMPANY PRIVATE LIMITED (NLCPL)

that date;

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of the Company with effect from April 13, 2012,
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the Company with effect from February 01, 2013,
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of the Company with effect from February 01, 2013,
from September 04, 2015.
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tenures as Directors of the Company.
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and being eligible offers himself for appointment
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appointment has been included in the Notice
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the Company.

302
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ii.

and judgments and estimates have been made
iii. that SURSHU DQG VXIoFLHQW FDUH KDV EHHQ WDNHQ

v.

11. MEETINGS
in every quarter. During the year ended December
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September 04, 2015 and October 16, 2015.
Committee, Nomination & Remuneration Committee
12. AUDITORS
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Firm Registration No 100186W) who are the Statutory
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of the Company and are eligible for re-appointment.
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December 31, 2019. As required under the provision
of the Companies Act, 2013, the appointment
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Aiyar & Co that their appointment, if made, would
be in conformity with the Companies Act, 2013. Your
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Corporate Overview
the Company for the year 2016.

13. ANNUAL RETURN
16. ACKNOWLEDGEMENT

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appreciation of co-operation received from the
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Your Directors also acknowledge the unstinted
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the Holding Company.

TECHNOLOGY
ABSORPTION
AND
FOREIGN
Hence there is no disclosure under Section 197 (12)
read with Rules 5(1) and 5(2) of The Companies
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Personnel) Rules, 2014.
1DYHHQ&KDGKD
Director
DIN:00191181
69LVZDQDWKDQ
Director
DIN:02787215
0XPEDL
January 27, 2016
5HJLVWHUHG2IoFH
*&.DELU0DUJ
%DQL3DUN
Jaipur 302 106
Rajasthan
303

FORM No. MGT- 9

CIN
Registration Date
Name of the Company
85-37&
April 23, 1981
,QGLDQ1RQ*RYHUQPHQW/LPLWHGE\VKDUHV3ULYDWH&RPSDQ\
*&.DELU0DUJ%DQL3DUN-DLSXU5DMDVWKDQ
Tel. No: 0141-2200608
No
Not Applicable

NIC Code of the
Product / Services
Product / Service
14107

1,/

CIN / GLN
$&&/LPLWHG
Holding /
% of Applicable
Subsidiary / Shares
Section
Associate
held
Holding
/0+3/&
100%
2(46)
Category of
Shareholders

(January 1, 2015)
Demat
Physical
Total
% of Total
Shares
,QGLYLGXDOV+8)
b)
Central Govt.
c)
State Govt.(s)
d)
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Any Other (specify)
A.

(December 31, 2015)
%
Change
% of Total during
the year
Shares
Demat
Physical
Total
0.001
0.001
199998
199998
99.999
199998
199998
99.999
200000
200000
100
200000
200000
100
Promoter Group)
(1) Indian
a)
e)
f)
Directors
Sub-Total (A)(1)
304
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Category of
Shareholders
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Group (A)=(A)(1)+(A)(2)
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i)
Indian
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i)
FDSLWDOLQH[FHVVRI
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c)
Any Other (specify)
Sub-Total (B)(2)
(B)=(B)(1)+ (B)(2)
C. Shares held by
Custodian for
GDRs & ADRs

(January 1, 2015)

(December 31, 2015)
%
Change
% of Total during
the year
Shares
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
200000
200000
100
200000
200000
100
200000
200000
100
200000
200000
100
305

No.

(January 1, 2015)

(December 31, 2015)
% of total
% of Shares
shares of the
pledged /
total shares
% change in
shareholding
during the
year
No. of
Shares
% of total
shares
of the
Company
% of Shares
pledged /
encumbered to
total shares
No. of
Shares
199998
99.999
199998
99.999
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01
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01
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01
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01
0.0005
200000
100
200000
100
Total
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
199998
99.999

(Jan. 1, 2015 to Dec. 31, 2015)

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199998
99.999
01
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01
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01
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0.0005

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v) Shareholding of Directors and Key Managerial Personnel: Not Applicable.
306
Corporate Overview
V. Indebtedness
Secured Loans
excluding deposits
`
Unsecured
Loans
`
Deposits
`
Total
indebtedness
`
i) Principal Amount
2,09,34,564.00
2,09,34,564.00
Total (i+ii+iii)
2,09,34,564.00
2,09,34,564.00
Addition
Reduction
1,69,33,236.00
1,69,33,236.00
Net Change
i) Principal Amount
40,01,328.00
40,01,328.00
3,31,450.00
3,31,450.00
Total (i+ii+iii)

B. Remuneration to Other Directors: Not Applicable
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD: Not Applicable


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FOR YEAR ENDED DECEMBER 31, 2015
Note
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1,76,79,773
3,69,17,716
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TOTAL
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2015
`
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`

2,00,00,000
2,00,00,000
Notes :
D 5HFRQFLOLDWLRQRIQXPEHURIHTXLW\VKDUHV
2015
Number
of shares

Amount
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their subsidiaries
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2015

Number of Amount 1XPEHURI $PRXQW
shares
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315

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4.
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December
31, 2015
`
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5-A . LONG TERM BORROWINGS
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TOTAL
5 -B . SHORT TERM BORROWINGS
&XUUHQWPDWXULWLHVRIORQJWHUPERUURZLQJV
TOTAL
Grand TOTAL
As at
$VDW
December
'HFHPEHU
31, 2015

`
`

$VDW
'HFHPEHU

`
TOTAL
7. PROVISIONS
As at
December
31, 2015
`
$VDW
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`
2WKHU3URYLVLRQ

TOTAL

Note - 8- FIXED ASSETS

$PRXQWLQ`
*5266%/2&.$7&267
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$0257,6$7,21
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As at
As at
01.01.2015 31-12-2015 01.01.2015
1(7%/2&.
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As at
As at
$VDW
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Tangible Assets :
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2IoFH(TXLSPHQW

13,42,179
13,42,179
7,43,658
25,620
7,69,278
5,72,901
/HDVHKROG/DQG
Total
Previous Year
9.
LONG - TERM LOANS AND ADVANCES

As at
December
31, 2015
`
$VDW
'HFHPEHU

`
10. INVENTORIES
$WFRVWRUQHWUHDOLVDEOHYDOXHZKLFKHYHULVORZHU
As at
December
31, 2015
`

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TOTAL

)LQLVKHG*RRGV
/LPHVWRQH
&UXVKHG/LPHVWRQH
([SORVLYHV
TOTAL
316
$VDW
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11.
TRADE RECEIVABLES
15.
As at
December
31, 2015
`
REVENUE FROM OPERATIONS

For the
year ended
December
31, 2015
`
$VDW
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TOTAL

12.
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CASH AND BANK BALANCES

As at
December
31, 2015
`
$VDW
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`
16.
OTHER INCOME
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December
31, 2015
`
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18.
CHANGES IN INVENTORIES OF FINISHED GOODS

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year ended
December
31, 2015
`


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year ended
December
31, 2015
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COST OF MATERIALS

As at
December
31, 2015
`

17.

TOTAL
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December
31, 2015
`
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TOTAL

,QFUHDVH'HFUHDVH
317

19.1 OTHER EXPENSE
20.
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year ended
December
31, 2015
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For the
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December
31, 2015
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318
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For K.S.AIYAR & CO.

1R:
Ramnik Gupta
Director
Rajat Prusty
Director
SACHIN A. NEGANDHI
Partner
0HPEHUVKLS1R
0XPEDL-DQXDU\
319
SINGHANIA MINERALS PRIVATE LIMITED (SMPL)
BOARDS REPORT
TO THE MEMBERS OF
SINGHANIA MINERALS PRIVATE LIMITED
The Directors take pleasure in presenting the Twenty

First Annual Report on the business and operations of the
1.
PARTICULARS
2015
`
2014
`
6.

7KHUHDUHQRVLJQLoFDQWDQGPDWHULDORUGHUVSDVVHGE\
the Regulators or Courts or Tribunals impacting the
going concern status of your Company.
7.
PARTICULARS
INVESTMENTS
3URoW/RVVDIWHU7D[
(398,017.00) (207,767.00)
%DODQFHEURXJKWIRUZDUG (761,631.00) (553,864.00)

from previous year
8.

PARTIES
OPERATIONS
4.
9.
DIRECTORS

oQDQFLDO\HDU
5.

320

in Form AOC2.
DIVIDEND
December 31, 2015.
OR
7KHUH DUH QR RWKHU ORDQV JXDUDQWHHV JLYHQ

and investments made under the provisions of
Section 186 of the Companies Act, 2013.
The Company had no operations for the year ended

December 31, 2015. The loss for the period pertains
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/LPLWHG5HYLHZVWRJHWKHUZLWKOHJDODQGVHFUHWDULDO
fees incurred and for dead rent.
3.
GUARANTEES
%DODQFH FDUULHG IRUZDUG (1,159,648.00) (761,631.00)

WR%DODQFH6KHHW
2.
LOANS,
The Company has received loan of `GXULQJ

WKH \HDU IRU PHHWLQJ LWV H[SHQVHV IURP LWV +ROGLQJ
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an interest of 9% p.a.
3URoW/RVV%HIRUH7D[ (398,017.00) (207,767.00)

OF

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Corporate Overview

0U31,\HUZKRZDVDSSRLQWHGDVD'LUHFWRURIWKH
Company with effect from July 14, 2014, ceased to be
a Director of the Company with effect from April 01,
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his tenure as a Director of the Company.
v.


In accordance with the provisions of the
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by rotation and being eligible offers himself for
re-appointment as a director of the Company.
Accordingly, his appointment has been included in
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the Company.
11. MEETINGS
The Company held a minimum of one board
meeting in every quarter. During the year ended
December 31, 2015, four meetings were held on
January 21, 2015, April 08, 2015, July 14, 2015 and
December 16, 2015.
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L

ii.

have been selected and applied consistently and
judgements and estimates have been made
that date;

12. AUDITORS

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year ending December 31, 2019. As required under
the provisions of the Companies Act, 2013, the
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E\ WKH 0HPEHUV HDFK \HDU DW WKH $QQXDO *HQHUDO
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if made, would be in conformity with the Companies
Act, 2013. Your Directors recommend the reDSSRLQWPHQW RI 0HVVUV . 6 $L\DU &R &KDUWHUHG
Accountants, as Auditors of the Company for the
year 2016.
321
13. ANNUAL RETURN
16. ACKNOWLEDGEMENT
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92(3) of the Companies Act, 2013 read with The
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TECHNOLOGY
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the Companies Act 2013 read with Rule 5(1) and 5(2)
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unstinted assistance and support received from ACC
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1DYHHQ&KDGKD 69LVZDQDWKDQ
Director
Director

',1 ',1
0XPEDL
January 27, 2016
5HJLVWHUHG2IoFH
3DU\DYDV%KDZDQQG)ORRU
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%KRSDO03
Corporate Overview
FORM No. MGT- 9

&,1
Registration Date
1DPHRIWKH&RPSDQ\
80337&
August 10, 1992
,QGLDQ1RQ*RYHUQPHQW/LPLWHGE\VKDUHV3ULYDWH&RPSDQ\
3DU\DYDV%KDYDQQG)ORRU%ORFN1R-DLO5RDG$UHUD+LOOV
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NIC Code of the
Product / Services
Product / Service
14107

1,/

CIN / GLN
$&&/LPLWHG
Holding /
% of Applicable
Subsidiary / Shares
Section
Associate
held
+ROGLQJ
/0+3/&
100%
2(46)
Category of
Shareholders

(January 1, 2015)

(December 31, 2015)
%
Change
during
% of Total
the year
Shares
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
,QGLYLGXDOV+8)
0.010
0.010
b)
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19997
19997
99.985
19997
19997
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0.005
0.005
20000
20000
100
20000
20000
100
A.
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(1) Indian
a)
Directors
Sub-Total (A)(1)
323
Category of
Shareholders

(January 1, 2015)

(December 31, 2015)
Demat
Physical
Total
% of Total
Shares
Demat
Physical
Total
%
Change
during
% of Total
the year
Shares
(2) Foreign
a) 15,V,QGLYLGXDOV
c) %RGLHV&RUSRUDWH
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20000
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i)
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20,000
100
20,000
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(B)=(B)(1)+(B)(2)
C.
Shares held by Custodian

for GDRs & ADRs
324
Corporate Overview

No.

(January 1, 2015)

(December 31, 2015)
% of total
% of Shares
shares of the
pledged /
total shares
% change in
shareholding
during the
year
No. of
Shares
% of total
shares
of the
Company
% of Shares
pledged /
encumbered to
total shares
No. of
Shares
19997
99.985
19997
99.985
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0.005
01
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01
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20000
100
20000
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October 16, 2015.
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
No. of Shares
% of total shares
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19997
99.985
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01
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-
325
Sr. Particulars
No.

(January 1, 2015)
No. of Shares
% of total shares
of the Company
No. of Shares
% of total shares
of the Company
01
(Transfer on 16.10.2015)
0.005
00
0.000
01
(Transfer on 16.10.2015)
0.005
01
0.005
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(Jan. 1, 2015 to Dec. 31, 2015)
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as on December 31, 2015: 1RW$SSOLFDEOH
Sr.
No.
(January 1, 2015)
(Jan. 1, 2015 to Dec. 31, 2015)
No of shares
the company
01
0.005
01
(Transfer 16.10.2015)
0.005
00
0.000
01
(Transfer 16.10.2015)
0.005
01
0.005
326
the company
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No of shares
00
0.000
Corporate Overview
V. Indebtedness
Secured Loans
excluding deposits
`
Unsecured
Loans
`
Deposits
`
Total
indebtedness
`
i) Principal Amount
744,222
Total (i+ii+iii)
744,222
Addition
397,128
Reduction
Net Change
397,128
i) Principal Amount
119,650
21,790
Total (i+ii+iii)
11,41,440

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:1RW$SSOLFDEOH
B. Remuneration to Other Directors:1RW$SSOLFDEOH
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD:1RW$SSOLFDEOH


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January 27, 2016
1DYHHQ&KDGKD
Director
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2,61,490

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1R:
R S RATHORE
Director
Sachin A. Negandhi
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This map is as of February 10, 2016. It is illustrative and not drawn to scale.
Andaman, Nicobar and Lakshadweep islands are not shown.
ACC Limited
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Cement House
121, Maharshi Karve Road
Mumbai 400 020, India.
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ACC LTD Annual Reports 2015

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ACC LTD Annual Reports 2015

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A Trusted Brand

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Seated (Left to Right)

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* as on February 10, 2016

A Brand that Cares

A water conservation project

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NET SALES, OPERATING EBITDA &

SEGMENT-WISE NET SALES*

READY MIXED CONCRETE SALES VOLUME & GROWTH

CEMENT OPERATING EBITDA &

CEMENT PRODUCTION & CAPACITY UTILIZATION

CEMENT SALES VOLUME & GROWTH

PROFIT BEFORE TAX & PROFIT AFTER TAX

READY MIXED CONCRETE OPERATING EBITDA &

NET CASH GENERATED FROM OPERATIONS

DIVIDEND PER SHARE, EARNING PER SHARE

NET WORTH & RETURN ON NET WORTH

AVERAGE CAPITAL EMPLOYED &

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MARKET CAPITALIZATION AT YEAR END

BOOK VALUE PER SHARE

Asset Turnover Ratio

NET FIXED ASSETS & ASSET TURNOVER RATIO

Freight and Forwarding

Board & Management Reports

STANDALONE FINANCIAL HIGHLIGHTS

Cement Production (Million Tonnes)

Cement Sales (Million Tonnes)

11,433 11,481 10,889 11,130

Cash and cash equivalents

Operating EBITDA margin

Average Return on Capital Employed

Return on Net Worth

Price Earning Ratio

Dividend per share (`)

Basic Earnings per Share (`)

Cash Earnings per Share (`)

(812) (1,505) (1,170)

VALUE ADDED STATEMENT

Average Capital Employed

Value added / Average Capital Employed (%)

Board & Management Reports

Appointment of Mr Eric Olsen as Non-Executive /

To consider and adopt:

Company to be held in 2017 on such remuneration

the Audited Standalone Financial Statements

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To appoint a Director in place of Mr Vijay Kumar

Appointment of Statutory Auditors

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