ROLTA Notes to Accounts


d. Rights, Preferences and Restrictions attached to Shares.


The Company has one class of equity shares having a par value of '''' 10/- each. Each shareholder is eligible for dividend and one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The dividend proposed by the Board of Directors is subject to approval of shareholders in the ensuing Annual General Meeting.


1. Due to the prolonged delay in the realization of dues from the customers and the tight liquidity conditions prevailing, the company could not pay the External Commercial Borrowing Installment of USD 35 Million due on 26th March, 2016, as well as certain statutory dues. The management is in the process of raising necessary resources and expediting the collection of its receivables to improve the liquidity conditions. (Note -4 d. of Standalone Financial Statement)


2. Exceptional items (Note -26 of Standalone Financial Statement)


During the year, Company has transferred the "Defense Technology Businesses” as a going concern on slump sale basis to its Wholly Owned Subsidiaries for a consideration of '''' 2,024.01 Cr as valued by an independent valuer. The resultant loss on this transactions has been disclosed under "Exceptional item”


Exceptional item for the previous year ended 31 March 2015 represents gain of Rs. 134.10 crores towards redemption of its 48.22 % shares in Rolta International Inc., and transfer of 100% shares in Rolta UK Limited & 100% Shares in Rolta Middle East FZ LLC to Rolta Global BV, a subsidiary of the Company.


3. Related Parties (Note -30 of Standalone Financial Statement)


a. List of Related Parties and Relationships


i. Party Relation


Rolta International Inc. USA Subsidiary


Rolta Global BV Subsidiary


Rolta Thales Limited. Subsidiary


Rolta Optronics & Communication Pvt. Ltd Subsidiary


Rolta Middle East FZ LLC Subsidiary of Rolta Global BV


Rolta Muscat LLC Subsidiary of Rolta Middle East FZ LLC


Rolta UK Ltd Subsidiary of Rolta Global BV


Rolta Saudi Arabia Ltd. Subsidiary of Rolta Middle East FZ LLC


Rolta Benelux BV Subsidiary of Rolta UK Ltd.


Rolta Deutschland GmbH Subsidiary of Rolta UK Ltd. (wound up on November 17, 2015)


Rolta Canada Ltd Subsidiary of Rolta International Inc


Rolta Asia Pacific Pty Ltd. Subsidiary of Rolta International Inc.


Rolta Advizex Technologies LLC Subsidiary of Rolta International Inc.


Rolta LLC Subsidiary of Rolta International Inc.


Rolta Americas LLC Subsidiary of Rolta International Inc.


Rolta Hungary KFT Subsidiary of Rolta International Inc.


Rolta Defence Technology Systems Pvt Ltd. Subsidiary


ii. Key Management Personnel / Directors


Mr. K K Singh Chairman & Managing Director


Mr. A D Tayal Jt. Managing Director & Chief Operating Officer — Domestic Operations


Mr.Hiranya Ashar (Upto 12.02.2016) Jt. Managing Director-International Operations &


Group Chief Financial Officer


Mr.Ramakrishna Prabhu (From 12.02.2016) Senior Vice President Finance &


Chief Financial Officer


Mr. Verinder Khashu Company Secretary & Head Legal/Compliance


iii. Enterprises over which significant influence exercised by Key Management Personnel / Directors


Rolta Private Limited Company controlled by Mr. K K Singh


Rolta Holding & Finance Corporation Pvt. Ltd Company controlled by Mr. K K Singh


Rolta Power Pvt. Ltd. Company controlled by Mr. K K Singh


Rolta Foundation Trust in which Mr. K K Singh is Trustee


b. Disclosures required for related parties transactions


(Current year figures are shown in bold & comparative figures for Previous year are shown below the current year)

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
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