Jai Mata Glass Limited - Bombay Stock Exchange€¦ · PU-53, Vishakha Enclave, Pitampura, Delhi-88...

Jai Mata Glass LimitedHead Office: EA-176, Inder Puri, New Delhi - 110012

Regd. Office & Works: Village Tipra, Barotiwala, Distt. Solan-174103 (H.P.)

October 4, 2016

Corporate Relationship Department

BSELtd

P.JTowers,

i" Floor, New Trading Ring,

Dalal Street,

Mumbai-40000l

SSE Scrip Code: 523467 and Scrip Id: JaimataSub: Annual Report pursuant to Regulation 34 of (Listing Obligation and Disclosures

Requirements) Regulation, 2015

Dear Sir,

Pursuant to Regulation 34 of (Listing Obligation and Disclosure Requirements) Regulation, 2015 it is

hereby inform that financial results of the Company is adopted in the Annual General Meeting held

on 30th September, 2016 at 11.00 am at the registered office of the Company. The Annual report of

the Company is attached.

You are requested to take the note of the above for your records.

Thanking You,

Your's faithfully,

(Managing Director)

'.u/f

CIN No. L26101 HP 1981 PLC004430 Telephone No. 011- 41536830

E-Mailld : [email protected] Website: WWW.Jaimataglass.com

th35

Annual Report

2014-2015

th36

Annual Report

2015-2016

Jai Mata Glass Limited

EfgELEGANT FIGURED GLASS

Range of Elegant Frosted Glass

CONTENTS Page No.

Notice 3

Corporate Governance Report 7

Board's Report 17

Management Discussion 20and Analysis Report

Independent Auditors' Report 32

Balance Sheet 35

Profit & Loss Account 36

Cash Flow Statement 37

Notes Forming Part of the Accounts 38

Attendance Slip & Proxy Form 47

th2 H 36 ANNUALREPORT

BOARD OF DIRECTORSMr. C. M. Marwah (Managing Director)Mr. Sajeve Bhushan DeoraMr. Samir Katyal Mr. Ambarish ChatterjeeMrs. Anu MarwahMr. Sanjay Kumar Sareen

BOARD COMMITTEES:

AUDIT COMMITTEE:Mr. Sajeve Bhushan Deora ChairmanMr. Chander Mohan Marwah MemberMr. Ambarish Chatterjee Member

STAKEHOLDERS RELATIONSHIP COMMITTEEMr. Sanjay Kumar Sareen ChairmanMrs. Anu Marwah MemberMr. Chander Mohan Marwah Member

NOMINATION AND REMUNERATION COMMITTEEMrs. Anu Marwah ChairmanMr. Sanjay Kumar Sareen MemberMr. Ambarish Chatterjee Member

MARKET AND INVESTMENT COMMITTEEMr. Ambarish Chatterjee ChairmanMr. Sanjay Kumar Sareen MemberMr. Chander Mohan Marwah Member

RISK MANAGEMENT COMMITTEEMr. Sanjay Kumar Sareen ChairmanMr. Chander Mohan Marwah MemberMr. Samir Katyal Member

AUDITORS M/s. K.R. & Co., Chartered Accountants,PU-53, Vishakha Enclave, Pitampura, Delhi-88 Email: [email protected]

REGISTERED OFFICE

Village Tipra, P. O. Barotiwala, District Solan, Himachal Pradesh - 174 103

HEAD OFFICEEA-176, Inderpuri, New Delhi-110012

BANKERSState Bank of IndiaInderpuri, New Delhi-110012

REGISTRAR & SHARE

TRANSFER AGENT M/s. Link Intime India Pvt. Ltd.

nd44, Community Centre, 2 Flr, Naraina Industrial Area,Phase-I, PVR Naraina, New DelhI-110028.

JAI MATA GLASS LIMITEDRegistered Office: Village Tipra, P. O. Barotiwala, District Solan, H. P. 174103

CIN NO: L26101HP1981PLC004430; Email ID: [email protected]: www.jaimataglass.com; Phone No: 011 41536830; Fax no. 011 41536830

NOTICE

Notice is hereby given that the Thirty Sixth (36th) Annual General Meeting of the Members of Jai Mata Glass Limited will be held on Saturday the 30th Day of September, 2016 at 11:00 a.m. at the Registered Office of the Company at Village Tipra, Barotiwala, District Solan, Himachal Pradesh-174103, to transact the following businesses as:

ORDINARY BUSINESS:

1. To consider and adopt the audited Balance Sheet of the Company as at March 31, 2016, audited Profit and Loss Account of the Company for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.

2. To appoint a Director in place of Mrs. Anu Marwah (DIN: 00645865), who retires by rotation and being eligible, offers herself for re-appointment to the said office.

3. To appoint Auditors and to fix their remuneration and in this regard to consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:

“RESOLVED THAT M/s KR & Co. Chartered Accountants (Registration No: 025217N), having its address at PU-53, Vishaka Enclave, Pitam Pura, New Delhi 110034, be and are hereby appointed as Auditors of the Company to hold such office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company at such remuneration as shall be fixed by the Board of Directors of the Company.”

“RESOVED FURTHER THAT the Board be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.”

By Order of the Board of Directors

Sd/-

Place: New Delhi C. M. Marwahth Date: 28 May, 2016 (Chairman & Managing Director)

DIN N0. 00172818

NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ANNUAL GENERAL MEETING (THE MEETING) IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY. THE PROXY FORM IS ENCLOSED.

2. The instrument appointing the proxy should, however, be deposited at the Registered Office of the Company not less than forty-eight hours before commencement of the meeting.

3. Corporate members intending to send their authorized representatives to attend the Meeting are requested to send a certified copy of the Board Resolution authorizing their representative to attend and vote at the Meeting.

4. Brief Resume of Directors, including those proposed to be appointed / re-appointed, nature of their expertise in specific functional areas, number of companies in which they hold directorships and memberships / chairmanships of Board Committees, shareholding and relationship between directors inter se as stipulated under Regulation 17, 18, 19, 20, 21, 22, 23. 24, 25, 26, 27 of SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015, are provided in the Corporate Governance Report forming part of the Annual Report.

5. Members are requested to bring copy of the Annual Report and their Attendance Slip to the Meeting.

6. The Company has notified closure of Register of Members and Share Transfer Books from Monday, September 23, 2016 to Friday September 29, 2016 (both days inclusive) for the purpose of the Annual General Meeting.


7. In case of Joint Holders, if more than one holder intends to attend the meeting, they must obtain additional admission slip(s) on request from the Corporate Office of the Company.

8. Relevant documents referred to in the accompanying Notice are open for inspection by the members at the Registered Office of the Company on all working days, except Sunday, during the business hours, upto the date of the Meeting.

9. All queries relating to the accounts must be sent to the Company at its Registered Office at least ten days before holding of the Annual General Meeting.

10. Members who have multiple accounts in identical names or joint accounts in same order are requested to intimate the Company/RTA the ledger folios of such accounts so as to enable the Company to consolidate all such shareholdings into one account.

11. Members holding shares in electronic form are requested to intimate immediately any change in their address to their Depository Participants with whom they are maintaining their demat accounts. Members holding shares in physical form are requested to advise any change in their address immediately to the Company / RTA.

12. The Securities Exchange Board of India (SEBI) has mandated the submission of Permanent Account Number (PAN) by every participant in securities market. Members holding shares in demat form are, therefore, requested to submit PAN with the Depository Participant whom they are maintaining their demat accounts. Members holding shares in physical form can submit their PAN to the Company/RTA.

13. Members who have not registered their e-mail ids so far are requested to register their e-mail id address for receiving all communication including Annual Report, Notices, Circulars, etc. from the Company electronically.

14. In compliance with the provisions of Section 108 of the Companies Act, 2013, and the rules framed there under and Regulation 44 of SEBI (Listing Obligations and Disclosures Requirements) Regulations. 2015, the Members are provided with the facility to cast their vote electronically, through the e- Voting services provided by CDSL, on all the resolutions set forth in the Notice.

The instructions for members for voting electronically are as under:

I. In compliance with provisions of Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Company is pleased to provide members facility to exercise their right to vote on resolutions proposed to be considered at the Annual General Meeting (AGM) by electronic means and the business may be transacted through e-Voting Services. The facility of casting votes by the members using an electronic voting system from a place other than venue of the AGM (“remote e-voting”) will be provided by Central Depository Services Limited (CDSL).

II. The facility for voting through ballot paper shall be made available at the AGM and the members attending the meeting who have not cast their vote by remote e-voting shall be able to exercise their right at the meeting through ballot paper.

III. The members who have cast their vote by remote e-voting prior to the AGM may also attend the AGM but shall not be entitled to cast their vote again.

IV. The remote e-voting period commences on 27th September, 2016 (9:00 am) and ends on 29th September, 2016 (5:00 pm). During this period members’ of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date of 23rd September, 2016, may cast their vote by remote e-voting. The remote e-voting module shall be disabled by CDSL for voting thereafter. Once the vote on a resolution is cast by the member, the member shall not be allowed to change it subsequently.

V. The process and manner for remote e-voting are as under:

a) In case a Member receives an email from NSDL [for members whose email IDs are registered with the Company/Depository Participants(s)] :

i. Open email and open PDF file viz; “remote e-voting.pdf” with your Client ID or Folio No. as password. The said PDF file contains your user ID and password/PIN for remote e-voting. Please note that the password is an initial password.

ii. Launch internet browser by typing the following URL: https://www.evoting.cdsl.com.

iii. Click on Shareholder - Login.

iv. Put user ID and password as initial password/PIN noted in step (i) above. Click Login.



v. Now Enter your User ID

a) For CDSL: 16 digits beneficiary ID,

b) For NSDL: 8 Characters DP ID followed by 8 digits Client ID,

c) Members holding shares in physical form should enter Folio Number registered with the Company.

vi. Next enter the Image Verification as displayed and Click on Login.

vii. If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on a earlier voting of any company, then your existing password is to be used.

viii. If you are a first time user follow the steps given below:

For Members holding shares in Demat Form and Physical Form

Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)Members who have not updated their PAN with the Company/Depository Participant are requested to use the sequence number which is printed on Postal Ballot / Attendance Slip indicated in the PAN field.

Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your demat account or in the company records in order to login. Dividend Bank details field as mentioned in instruction (v).

PAN

Dividend Bank DetailsORDate of Birth (DOB)

(ix) After entering these details appropriately, click on “SUBMIT” tab.

(x) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach 'Password Creation' menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

(xi) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

(xii) Click on the EVSN for the relevant <Company> on which you choose to vote.

(xiii) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

(xiv) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

(xv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

(xvi) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

(xvii) You can also take out print of the voting done by you by clicking on “Click here to print” option on the Voting page.

(xviii) If Demat account holder has forgotten the changed password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

(xix) Note for Non – Individual Shareholders and Custodians

·Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

·A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].

·After receiving the login details a compliance user should be created using the admin login and password. The Compliance user would be able to link the account(s) for which they wish to vote on.

·The list of accounts should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.

·A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

(xx) Any person, who acquires shares of the Company and become Member of the Company after dispatch of the Notice rdand holding shares as on the cut-off date i.e. 23 September 2016 may follow the same instructions as mentioned

above for e-Voting.

(xxi) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com, under help section or write an email to [email protected]

15. Any member may participate in the AGM even after exercising his right to vote through remote e-voting but shall not be allowed to vote again at the AGM.

16. A person, whose name is recorded in the register of members or in the register of beneficial owners maintained by the depositories as on the cut-off-date only shall be entitled to avail the facility of remote e-voting as well as voting at the AGM through ballot paper.

17. Mr Rajendra Singh. , Chartered Accountant in practice (Membership no.090790) has been appointed as the scrutinizer for providing facility to the members of the Company to scrutinize the voting and remote e-voting process in a fair and transparent manner.

18. The Chairman shall, at the end of discussion on the resolution on which voting is to be held, allow voting with the assistance of scrutinizer, by use of “Ballot Paper” for all those members who are present.

19. The Scrutinizer shall after the conclusion of voting at the general meeting count the votes cast at the meeting in the presence of atleast two witnesses not in the employment of the Company and shall make, not later than three days of the conclusions of the AGM, a consolidated scrutinizer’s report of the total votes cast in favor or against , if any and submit the same to the Chairman or a person authorized by him in writing, who shall countersign the same and declare the results of the voting forthwith.

20. The Results declared along with the report of the Scrutinizer shall be placed on the website of the Company at www.jaimataglass.com and on the website of CDSL immediately after the declaration of result by the Chairman or a person authorized by him in writing. The results shall also be immediately forwarded to the Stock Exchanges whereat the securities of the Company are listed.


Sd/-

Place: New Delhi C. M. Marwahth Date: 28 May, 2016 Managing Director

DIN N0. 00172818

.


Corporate Governance Report

(In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)

The Directors present the Company’s Report on Corporate Governance for the year ended March 31, 2016.

1. Company’s Philosophy

The Company’s philosophy on code of Corporate Governance is based on the following principles:

i. The shareholders of the Company have reposed faith in the members of Board. The members of the Board are conscious of their corporate and social responsibilities and maintain the highest standard of integrity.

ii. The Company follows high standards of ethics, transparency and integrity while conducting business.

iii.The Company is in compliance of the requirements of applicable guidelines on Corporate Governance of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

2. Board of Directors

a) Composition of Board:

The Company’s policy is to maintain optimum combination of Executive and Non-Executive Directors.

The Board of Directors of your Company comprises 6 (six) members with 3 independent Non-Executive Directors who have been appointed for the professional expertise and experience that they possess.

The composition and category of Directors as on 31.03.2016 is as follows:

Mr. Chander Mohan Marwah and Mrs. Anu Marwah are related to each other as husband and wife.

Mr. Samir Katyal is related to Mr. Chander Mohan Marwah and Mrs. Anu Marwah as brother in law and brother, respectively.

None of the other directors are Re-appointment to any other director on the Board.

Details of the Directors seeking Re-appointment in the Annual General Meeting

b) Attendance of Directors at the Board Meeting & Last AGM

Name of the Director Category of Directorship No. of Board Meetings Attendance at last AGMAttended Attended

Mr. C.M. Marwah Promoter, Non-Executive 7 Yes

Mr. Samir Katyal Promoter, Non-Executive 8 Yes

Mr. Sajeve Bhushan Deora Independent Director, Non-Executive 8 Yes

Mr. Ambarish Chatterjee Independent Director, Non-Executive 8 Yes

Mrs. Anu Marwah* Promoter, Non-Executive 8 Yes

Mr. Sanjay Kumar Sareen* Independent Director, Non-Executive 8 Yes

S.No. Name of the Director Designation Category1 Mr. Chander Mohan Marwah Managing Director Promoter2 Mr. Samir Katyal Director Promoter3 Mr. Sajeve Bhushan Deora Director Independent4 Mr. Ambarish Chatterjee Director Independen5 Mrs. Anu Marwah Director Promoter6 Mr. Sanjay Kumar Sareen Director Independent

Name of Director Mrs. Anu Marwah

Date of Birth April 20, 1961

Date of Appointment / Designation 30.03.2015/Additional Director

Qualification B. A.

Experience in Specific Mrs. Anu Marwah has vast experience in market & administration

Directorship held in other companies 02

Chairman/member of the Committee of the Board of Directors of the Company 02

Chairman/member of the Committee of the Board of Directors of other Company 00

Number of Shares held in the Company 20000 on joint basis

Relationship with other Directors She is the wife of Mr. Chander Mohan Marwah,of Mr. Samir Katyal, Director of the Company.

Managing Director ofthe Company and sister


c) Other Directorships, Chairmanships/ Memberships of Committees of each director in various companies and number of shares of the Company held as at March 31, 2016

d. Information of the Board Meetings held during the year

During the financial year 2015-2016, the members of the Board met Eight times to review, discuss and decide about the business of the Company.

The dates on which the said meetings were held are as follows:

e Separate Independent Directors Meetings

The Independent Directors meet at least once in a year, without the presence of Executive Directors or Management representatives. They also have a separate meeting with the Non-Executive Chairman, to discuss issues and concerns, if any.

The Independent Directors met one time during the Financial Year ended 31st March, 2016 on 30th March, 2016 and inter alia discussed:

• The performance of non-Independent Directors and the Board as a whole;

• The performance of the Chairman of the Company, taking into account the views of the Directors; and

• The quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties. In addition to these formal meetings, interactions outside the Board meetings also take place between the Chairman and Independent Directors.

f) Directors’ Induction and Familiarization

The provisions of an appropriate induction programme for new Directors is a major contributor to the maintenance of high Corporate Governance standards of the Company. The Managing Director/Whole Time Director and the Company Secretary are jointly responsible for ensuring that such induction is provided to Directors.

The Independent Directors, from time to time request management to provide detailed understanding of any specific project, activity or process of the Company. The management provides such information and training either at the meeting of Board of Directors or otherwise.

3. Audit Committee

a) In terms of Section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audit Committee should comprises of at least three Directors; where two thirds should be Independent Directors. The Chairperson of the Audit Committee shall be an Independent Director.

The meeting of Audit Committee are also attended by the Chief Financial Officer, Statutory Auditors and Internal Auditor as Special invitee. The Company Secretary acts as the Secretary of the Committee.

Quarter Date of Board Meeting

April 2015- June 2015 1) 28.05.2015

July 2015 -September 2015 1) 12.08.2015

2) 20.08.2015

October 2015 – December 2015 1) 29.10.2015

2) 01.12.2015

January 2016- March 2016 1) 14.01.2016

2) 09.02.2016

3) 18.03.2016

Name of the Director Number of other directorships in CommitteesIndian public companies Membership/Chairmanship of other companies

Chairmanship Membership

Mr. C.M. Marwah Nil Nil Nil

Mr. Samir Katyal Nil Nil Nil

Mr. Sajeve Bhushan Deora 03 03 03

Mr. Ambarish Chatterjee 01 02 01

Mrs. Anu Marwah Nil Nil Nil

Mr. Sanjay Kumar Sareen Nil Nil Nil


• The Audit Committee of the Company is entrusted with the responsibility to supervise the Company’s Internal Control and Financial reporting process, and inter alia, performs the following functions:

- Overseeing the Company’s financial reporting process and the disclosure of financial information to ensure that the financial statements are correct, sufficient and credible;

- Recommending the appointment, remuneration and terms of appointment of Statutory Auditors including Cost Auditors of the Company and approval for payments of any other services;

- Reviewing with management, the annual and quarterly financial statements as well as investments made by the unlisted subsidiary companies and auditors report thereon before submission to the Board for approval;

- Reviewing and monitoring the auditors independence and performance, and effectiveness of audit process;

- Scrutiny of inter-corporate loans and investments made by the Company;

- Reviewing management discussion and analysis of financial conditions and operations;

- Reviewing, approving or subsequently modifying and Related Party transaction in accordance with the Related Party Transaction Policy of the Company;

- Reviewing management letters/letters of internal control weaknesses issued by the Statutory Auditors;

- Discussing with Statutory Auditors, before the audit commences, on the nature and scope of audit as well as having post-audit discussion to ascertain in area of concern, if any;

- Evaluating Internal financial controls and risk management systems;

- Valuating undertaking or assets of the Company, wherever it is necessary;

- Reviewing the functions of the Whistle Blowing Mechanism;

- Reviewing and adopting Internal Financial Control Policy, pursuant to Section 134(5)(e) of the Companies Act, 2013;

- Carrying out any other function as is mentioned in terms of reference of the audit committee.

b) Composition & Qualification of Audit Committee

C. Meetings of Audit Committee

During the financial year 2015-16, five meetings of Audit Committee were held as under:

Quarter Date of Meeting Number of MembersPresent Present

April 2015 - June 2015 April 04, 2015 03 02

May 28, 2015 03 02

July 2015 - September 2015 August 12, 2015 03 02

October 2015 - December 2015 October 29, 2015 03 02

January 2016 - March 2016 February 9, 2016 03 02

Number of Independent Directors

Name

Sajeve Bhushan Deora

Chander Mohan Marwah

Ambarish Chatterjee

Category of Directorship

Independent, Non-Executive Director

Promoter, ExecutiveDirector

Independent, Non-Executive Director

Designation inAudit Committee

Chairman

Member

Member

Qualification & Experience

Fellow Member of the Institute of Chartered Accountants of India with over 30 years of experience. Possesses varied experience in fields of finance, taxation, audit and accounts.

Experience of over 32 years in industry and business.

Fellow Member of the Institute of Company Secretaries of India having over 21 years post qualification experience. Possesses experience in the areas of economic and corporate legislations.

No. of meetingsAttended

5

5

5


4. Nomination and Remuneration Committee

Your Company has constituted a Remuneration Committee which has been reconstituted and renamed as Nomination and Remuneration Committee w.e.f 30.03.2016 in terms of Section 178(1) of the Companies Act, 2013, and Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Nomination and Remuneration Committee should comprise at least three Directors; all of whom should be Non-Executive Directors. At least half of the Committee members should be Independent with an Independent Directors acting as the Chairman of the Committee. The Company Secretary acts a Company Secretary of the Committee.

The role of Nomination and Remuneration Committee is a follows:

- To identify persons who are qualified to become Directors and who may be appointed in senior management in accordance with the criteria laid down and to recommend to the Board their appointment and/or removal

- To carry out evaluation of every Director’s performance

- To formulate the criteria for determining qualifications, positive attributes and independence of a Director, and recommend to the Board a policy, relating to the remuneration for the Directors, key managerial personnel and other employees,

- To formulate the criteria for evaluation of Independent Directors and the Board

- To devise a policy on Board diversity

- To recommend/review remuneration of the Managing Director(s) and Whole-time Director(s) based on their performance and defined assessment criteria

- To carry out any other function as is mandated by the Board from time to time and / or enforced by any statutory notification, amendment or modification, as may be applicable;

- To perform such other functions as may be necessary or appropriate for the performance of its duties.

Composition of Nomination & Remuneration Committee wef 30.03.2015:

A. Meeting Details Two meetings of the Nomination and Remuneration Committee were held during the year. The details of meeting

and attendance are:

Particulars of Directors' Remuneration during the financial year 2015-2016: No Remuneration was paid to any of the Directors of the Company during the Year 2015-16.

5. Stakeholders' Relationship Committee

Your Company has constituted a Stakeholder Relationship Committee in terms of reference and compliance with the provisions of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Composition of Stakeholder's Relationship Committee wef 30.03.2016:

Name of Member Category and Designation

Mr. Sanjay Kumar Sareen Non-Executive, Chairman

Mr. C.M. Marwah Executive, Member

Mrs. Anu Marwah Non-Executive, Member

Name of Member Category

Mrs. Anu Marwah Promoter, Non-Executive

Mr. Sanjay Kumar Sareen Independent, Non-Executive

Mr. Ambarish Chatterjee Independent, Non-Executive


April 2015 - June 2015 April 28, 2015 03 02

September2015 –December 2015 December 1,2015 03 02




Dates & no. of meetings of the Stakeholder's Relationship Committee held during the year under report & members attendance thereat

The Stakeholder's Relationship (SR) Committee is primarily responsible to review all matters connected with the Company's transfer of securities and redressal of shareholders' / investors' / security holders' complaints. The Committee also monitors the implementation and compliance with the Company's Code of Conduct for prohibition of Insider Trading.

·Prohibition of Insider Trading

§With a view to regulate trading in securities by the directors and designated employees, the Company has adopted a Code of Conduct for Prohibition of Insider Trading.

·Investor Grievance Redressal

§The number of complaints received and resolved to the satisfaction of investors during the year under review and their break-up are as under:

Type of Complaints Number of Complaints

TOTAL Nil

6. Subsidiary Companies:

In terms of the , the Company has no subsidiary stas on year ended 31 March 2016, therefore the compliance of the aforesaid Clause is not required to adhered to by the

Company. Accordingly, the Company has not formulated a policy for determining material subsidiaries.

7. General Body Meetings:

The details of Annual General Meetings held during the previous three years are as under:

A. Annual General Meetings:

Non-Receipt of Annual Reports Nil

Non-Receipt of Dividend Warrants Nil

Non-Receipt of Interest/ Redemption Nil

Warrants Nil

Non-Receipt of Certificates Nil

(Listing Obligations and Disclosures Requirements) Regulations, 2015


July 2015 - September 2015 May 28, 2015 03 01

August 12, 2015 03 01

October 2015-December 2015 October, 29, 2015 03 01



Financial Year Location and Time Special Resolutions passed

2014 – 2015

2013 – 2014

2012 – 2013

30th September, 2015 at 11.00 A.M at Village Tipra, P.O Barotiwala, District Solan, Himachal Pradesh 174103

Under Section 14 and other applicable provisions, if any, of the Companies Act, 2013 a new set of Articles of Association was approved and adopted as the Article of Association of the Company.

14th August, 2014 at 11.00 A.M. at Village Tipra, P.O. Barotiwala, District Solan, Himachal Pradesh 174103

28th September, 2013 at 11.00 A.M. at Village Tipra, P.O. Barotiwala, District Solan, Himachal Pradesh 174103

NIL

Under Section 180(1) (a) of the Companies Act 2013, consent for Sale of Land at Village Tipra Barotiwala, Distt. Solan, Himachal Pradesh**(passed through Postal Ballot)

th11 H 36 ANNUALREPORTth12 H 36 ANNUALREPORT

B. Extra-ordinary General Meetings:stDuring the year ended 31 March 2016, no Extra-Ordinary General Meeting of the Company was held.

8. Disclosures

A. Disclosures of Related Party Transactions

The related party transactions are periodically placed before the Audit Committee and Board of Directors for their consideration and approval. During the period under review, the Company had not entered into any material transaction with any of its related parties which were in conflict with the Company’s interest. Attention of members is drawn to the disclosure of transactions with related parties set out in Note No. 20 of Financial Statements, forming part of the Annual Report. All related party transactions have been carried out on an arm’s length basis and are intended to further the Company’s interests.

B. Whistle Blower Policy

The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations. To maintain these standards, your company encourages its employees who have concerns about suspected misconduct to come forward and express these concerns without fear of punishment or unfair treatment. A Vigil Mechanism provides a channel to the employees and directors to report to the management concerns about unethical behaviour, actual or suspected, fraud or violation of the code of conduct or legal or regulatory requirements, incorrect or misrepresentation of any financial statements and reports, or the like.

The Whistle Blower Policy is available on the website of your Company at www.jaimataglass.com

C. Adoption of Requirements of Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Your Company has complied with all the mandatory requirements of Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

D. Disclosure relating to web-link

Your Company’s profile for dealing with Related Party Transaction is published on website link www.jaimataglass.com

9. General Shareholder Information:

Annual General Meeting(Date, Time & Venue)

Financial Year

Date of Book Closure

Dividend Record (Last three years)

Listing on Stock Exchanges

Stock Code

Financial Calendar 2015-16 (Tentative & Subject to Change)

Registrar & Transfer Agents

(both for Electronic & Physical Segment)

Share Transfer Systems

Regd. Office :

Friday, September 30, 2016 at 11.00 A.M at the Registered Office of the Company at Village Tipra, P.O. Barotiwala, District Solan, Himachal Pradesh 174103

1st April 2015 - 31st March 2016

(Both days inclusive)September 23, 2016 to September 29, 2016

Financial Year 2012-13 NilFinancial Year 2013-14 NilFinancial Year 2014-15 Nil

Shares of the Company are listed on the Bombay Stock Exchange, Mumbai. Annual Listing fees have been duly paid to the Stock Exchange.

ISIN No. of Equity Shares at NSDL/CDSL: INE250C01027

1. First Quarter results – 5th August, 2016 2. Second Quarter results – 14th November, 20163. Third Quarter results – 14th January, 2017 4. Audited yearly results for the year ended March 31, 2017 - Last week of May, 2017

Link Intime India Private Limited 44, Community Centre, 2nd Floor, Naraina Industrial Area, Phase I, PVR Naraina, New Delhi 110028Ph: 41410592 to 94, Fax; 41410591E Mail: [email protected]

The share transfers that are received in physical form are processed and the share certificates are returned within 15 days of lodgment, subject to the documents being valid and complete in all respects.

Village Tipra, P.O. Barotiwala, District Solan, Himachal Pradesh 174103


Means of Communication

The financial results of the Company are published in widely circulating national and regional newspapers namely Jan Satta, Hindi Edition, Financial Express, English Edition . Information at the time of declaration of results is also sent to all stock exchanges where the shares of the Company are listed for trading.

Distribution of Shareholdings as on March 31, 2016:

Shareholding Pattern of the Company as on March 31, 2016:

* No pledge has been created on the shares held by promoters/or promoter group as on March 31, 2016 and the shareholding of Mr. Chander Mohan Marwah, Managing Director has been increased to 2,48,56,360 Equity Shares which were in Brokers account as on March 31, 2016. Thus, the shareholding of the Promoter Group may be considered to be 44528960 Equity Shares (44.52%).

10 Market Price Data on BSE

No. of % to Total No. of % to TotalShares Shareholders Shares

0 – 500 4136 55.1761 819256 0.8193

501-1000 1001 13.3538 920054 0.9201

1001-2000 632 8.4312 1088559 1.0886

2001-3000 280 3.7353 768796 0.7688

3001-4000 164 2.1878 609464 0.6095

4001-5000 309 4.1222 1518918 1.5189

5001-10000 402 5.3629 3349375 3.3494

10001 and above 572 7.6307 90925578 90.9256

Total 7496 100 100000000 100

No. of

Category No. of Shares %

Promoters* 44528960 44.53

Banks, Financial Institutions & FIIs 11241756 11.24

Private Bodies Corporate 12063670 12.06

Individuals/ Hindu Undivided Family 31812117 31.81

Others 353497 0.36

Total 100000000 100.00

Month High Price (Rs.) Low Price (Rs.)

Apr-15 0.18 0.10

May, 2015 0.14 0.10

June, 2015 0.15 0.12

July, 2015 0.15 0.11

August, 2015 0.14 0.10

September, 2015 0.13 0.10

October, 2015 0.17 0.13

November, 2015 0.13 0.11

December, 2015 0.19 0.13

January, 2016 0.21 0.18

February, 2016 0.24 0.20

March, 2016 0.23 0.20


11. Dematerialisation of Shares:

The Company has extended facility of simultaneous transfer and dematerialization of shares to its shareholders. Under the system, the relative share certificates are retained after the share transfer has been effected and a letter of option is mailed to the Transferee. If the Transferee wishes to dematerialize the shares, he submits the option letter to his Depository Participant (DP) who in turn generates a Demat request. On receipt of Demat request from the DP, the Company dematerializes the shares. If the Transferee opts to hold the shares in physical form or does not respond within 15 days from the date of the letter of option, the Registrar and Transfer Agents post the transferred share certificates to the Transferee.

Status of Dematerialized Shares as on March 31, 2016


Sd/-thDated: 28 May, 2016 C. M. MARWAH

Place : New Delhi Managing Director DIN No. 00172818

Particulars No. of Equity Shares % to total equity share capital

National Securities Depository Limited 75791704 75.79

Central Depository Services (India) Limited 22637058 22.64

Physical 1571238 1.57

Total 100000000 100


CHIEF EXECUTIVE OFFICER(CEO)/MANAGING DIRECTOR’S CERTIFICATION

I, the undersigned, in my capacity as the Managing Director of Jai Mata Glass Limited (“the Company”), to the best of my

knowledge and belief certify that:

(a) I have reviewed financial statements and the cash flow statement for the financial year ended 31st March, 2016

and that to the best of our knowledge and belief, I state that:

(i) these statements do not contain any materially untrue statement or omit any material fact or contain

statements that might be misleading;

(ii) these statements together present a true and fair view of the Company’s affairs and are in compliance with

existing accounting standards, applicable laws and regulations.

(b) I further state that to the best of my knowledge and belief, there is no transaction entered into by the Company

during the financial year ended 31st March, 2016 which is fraudulent, illegal or violative of the Company’s code of

conduct.

(c) I hereby declare that all the members of the Board of Directors and Management Committee have confirmed

compliance with the Code of Conduct as adopted by the Company.

(d) I am responsible for establishing and maintaining internal controls and for evaluating effectiveness of the same

over the financial reporting of the Company and have disclosed to the Auditors and the Audit Committee,

deficiencies in the design or operation of such internal controls, if any, of which I am aware and the steps I have

taken or propose to take to rectify these deficiencies.

(e) I have indicated, based on my most recent evaluation, wherever applicable, to the Auditors and the Audit

Committee:

(i) significant changes, if any, in internal control over financial reporting during the year;

(ii) significant changes, if any, in the accounting policies made during the year and that the same has been

disclosed in the notes to the financial statements; and

(iii) instances of significant frauds of which I have become aware and the involvement therein, if any, of the

management or an employee having a significant role in the Company’s internal control system over financial

reporting.

Date: Chander Mohan MarwahPlace: New Delhi Managing Director

th28 May, 2016

DIN No. 00172818


AUDITORS' CERTIFICATE REGARDING COMPLIANCE OF CONDITIONS OF CORPORATE GOVERNANCE

To the Members of

Jai Mata Glass Limited

We have examined the compliance of conditions of Corporate Governance by Jai Mata Glass Limited (the "Company"), for

the year ended 31st March, 2016, as stipulated in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26 and 27 of the Securities

Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, of the said Company with

Stock Exchanges.

The compliance of conditions of Corporate Governance is the responsibility of the Company's management. Our

examination has been limited to a review of the procedures and implementation thereof adopted by the Company for

ensuring compliance with the conditions of Corporate Governance as stipulated in the said clauses. It is neither an audit nor

an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to us, and based on the

representations made by the Directors and the Management, we certify that he Company has complied with the conditions of

Corporate Governance as stipulated in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26 and 27 of the Securities Exchange

Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We state that such compliance is neither an assurance as to the future viability of the Company nor of the efficiency or

effectiveness with which the management has conducted the affairs of the Company.

For K.R. & Co.,

Chartered Accountants,

Firm Registration No: 025217N

Place: New Delhi

Date:

Kamal Ahluwalia

(Partner)

Membership No. 093812

th28 May, 2016


BOARD'S REPORT

Dear Shareholders of Jai Mata Glass Limited,

Your Directors are pleased to present the Thirty Sixth Annual Report and the Company's Audited Financial Statement for the Financial Year ended March 31, 2016.

FINANCIAL RESULTS

The Company's financial performance, for the year ended March 31, 2016 is summarized below: (Rs. In lacs)

2. STATE OF COMPANY’S AFFAIRS AND RESULTS OF OPERATIONS:

At present your company is not having any business activities.

3. DIVIDEND:

In absence of profits, the directors do not recommend any dividend for the year under review.

4. DEPOSITS:

Your Company has not accepted any deposits from the public during the year under review.

5. SUBSIDIARIES , JOINT VENTURES AND ASSOCIATE COMPANIES:

During the year under review, no company had become a subsidiary or associate company of your Company. Further, your Company had not entered into any joint venture with any other company or other entity.

6. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES:

All contracts/ arrangements/ transaction entered into by your Company during the financial year with related parties were in the ordinary course of business and on an arm’s length basis. During the year under review, your Company had not entered into any contracts/arrangements/transaction with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions. The Directors draw attention of the members to Note No 20 of the financial statements which set out related party transaction disclosures.

7. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in Note no. 10 of the audited accounts.

8. MATERIAL CHANGES AND COMMITMENTS:

There is no material change affecting the financial position of the Company which has occurred between the end of the financial year of the Company and the date of the report.

9. MANAGEMENT’S DISCUSSION AND ANALYSIS REPORT:

Management’s Discussion and Analysis Report for the year under review, as stipulated under Regulation 34(2)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, is presented in a separate section which forms part of the Annual Report as “Annexure A”

10. BOARD OF DIRECTORS:

Mrs. Anu Marwah (DIN 00645865), director of the Company, retires by rotation at the ensuing annual general meeting and, being eligible, has offered herself for reappointment.

Particulars Current Year 2015-16 Previous Year 2014-15

Sales & operating Income 0.00 0.00

Loss during the year before Depreciation 8.53 23.67

Less: Depreciation 6.26 8.78

Loss before Tax & Extraordinary items 14.79 32.45

Add: Exceptional/Extraordinary items 0.00 2.00

Loss for the year 14.79 30.43


The independent directors of the Company have confirmed that they are qualified to hold office as independent directors of the Company as per the provisions of section 149(6) of the Companies Act, 2013.

Pursuant to the provisions of the Companies Act, 2013, and Regulation 17 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has carried out an annual performance evaluation of its own performance as well as that of its committees and individual directors.

11. BOARD EVALUATION:

Pursuant to the provisions of the Companies Act 2013, and Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Board of Directors has carried out an annual performance evaluation of its own performance,the individual directors as well as evaluation of working of its Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship and Investment Committee.

12. MEETINGS:

During the year eight (8) Board Meetings and five (5) Audit Committee Meetings were convened and held, the details where of are given in the Corporate Governance Report which forms part of this Annual Report. The intervening gap between the Board Meetings was within the period prescribed under the Companies Act, 2013.

13. NOMINATION AND REMUNERATION COMMITTEE AND STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Company has duly constituted the Nomination and Remuneration Committee and the Stakeholders Relationship Committee comprising non executive directors of which not less than one half of the members are independent directors.

14. SEPARATE MEETINGS OF INDEPENDENT DIRECTORS

Pursuant to Schedule IV of the Companies Act, 2013, the Independent Directors of the Company held a meeting during the year for the financial year 2015-16. The said meeting was attended by the Non-Independent Directors of your Company.

15. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 134 (3) (c) of the Companies Act, 2013, it is hereby confirmed that:

(i) In the preparation of annual accounts, the applicable accounting standards have been followed and there are no material departures from the same;

(ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2016 and of the loss incurred by the Company during the year ended on that date;

(iii) The Directors have taken proper and sufficient care 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;

(iv) The Directors have prepared the annual accounts of the Company on a ‘going concern’ basis;

(v) The Directors had laid down Internal Financial Controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and

(vi) The Directors had devised proper systems to ensure compliance with provisions of all applicable laws and that such system were adequate and operating effectively.

16. STATUTORY AUDIT:

The Company’s Auditors, Messrs KR & Co., Chartered Accountants, New Delhi retire at the ensuing Annual General Meeting of the Company and have confirmed that they are eligible for re-appointment to the said office. They have confirmed their eligibility under Section 141 of the Companies Act, 2013 and the Rules framed there under for re-appointment as Auditors of the Company. As required under Regulation 33 of SEBI (Listing Obligations and Disclosures requirements) Regulations, 2015, the auditors have also confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

17. SECRETARIAL AUDIT:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed Mrs Nandita Gujarati (Certificate of Practice No: 9549), Company Secretary in Practice to undertake the Secretarial Audit of the Company. The Secretarial


Audit Report for the year under review is attached as “Annexure B”.

18. QUALIFICATION IN REPORTS OF AUDITORS AND PRACTISING COMPANY SECRETARY:

Your Company has not been regular in depositing statutory dues for reason of restru-icted cash flows.

19. CORPORATE GOVERNANCE:

Your Company is committed to maintain highest standard of Corporate Governance. The Directors adhere to the requirements set out by the Securities and Exchange Board of India’s Corporate Governance practices and have implemented all the prescribed stipulations. The Report on Corporate Governance, as stipulated under Regulation 17,18, 19,20,21,22,23,24,25,26,27 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, forms part of the Annual Report.

The requisite Certificate from the Auditor’s of the Company, confirming compliance with the conditions of Corporate Governance, as stipulated under the aforesaid Regulation 34(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of this Annual Report.

20. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Due to non-applicability of the provisions relating to conservation of energy and technical absorption, no particulars are required to be disclosed in this Report.

Foreign Exchange Earnings and Outgo: Rs., Lacs

Foreign Exchange Earned - Nil

Foreign Exchange Used - Nil

21. EXTRACT OF ANNUAL RETURN:

The extract of the Annual Return in form MGT 9 is attached as “Annexure C”.

22. PARTICULARS OF EMPLOYEES:

There is no employee who was employed throughout the year or for part of the year and whose particulars are required to be given in terms of section 134 of the Companies Act, 2013, read together with the Companies (Particular of Employees) Rules 1975.

23. ACKNOWLEDGEMENTS:

The Directors avail this opportunity to express their appreciation for the confidence reposed in them by the shareholders and clients of the Company and look forward to their continued support.

For and on behalf of the Board of Directors

Place: New Delhi thDated: 28 May, 2016 C. M. Marwah

(Managing Director)DIN No. 00172818


ANNEXURE A

Management Discussion and Analysis Report

Market overview

Newer forms of business and concerns about technological disruptions and capital investments are forcing the management to rethink business plans. Value chain in the manufacturing sector are being redefined to synchronise with changing financial environment.

Opportunity and threats

Manufacturing processes with emphasis on cheaper raw material and other key inputs casts will be the main determinate for greater profitability.

Risk Management practices will have a defining role to play, with focus on minimizing counter party risks.

Segment- wise or product-wise performance

The Company operates in a single segment, and therefore, there are no separate segment wise details to be provided.

Internal control system and their adequacy

The Company has adequate internal control system commensurate with the size and nature of its operations.

Accounts of the Company

The Company has prepared its annual accounts for the year ended March 31, 2016 in accordance with Indian GAAP.


ANNEXURE ‘B’

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

As on the financial year ended on 31st March 2016

[Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I REGISTRATION AND OTHER DETAILS

1 CIN L26101HP1981PLC004430

2 Registration Date 27/02/1981

3 Name of the Company JAI MATA GLASS LIMITED

4 Category of the Company / Sub Category of the Company Indian/Limited By shares/ Non-Government company

5 Address of the Registered office and contact details

Village:- Tipra Barotiwala,

District:- Solan

City:- Himachal Pradesh

State:- Himachal Pradesh

Country:- India

6 Whether listed company Listed

7 Name, Address and contact details of Link Intime India Pvt. Ltd.

Registrar and Transfer Agent, if any 44 Comunity Center, 2nd Floor,

Naraina Industrial Area

Phase 1 PVR Naraina

New Delhi 110028

Ph. No. 41410592 to 94

Fax- 41410951

Email- [email protected]

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:-

Sl. No. Name and Description of main products/ NIC Code of the Product/ % to total turnover of Services Services the Company

1 Manufacturing rolled, 231 100%figured & wired glass

* As per National Industrial Classification – Ministry of Statistics and Program me Implementation# On the basis of Gross Turnover.


III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

SL NO. NAME AND ADDRESS CIN / GLN HOLDING/ SUBSIDIARY/ % OF SHARES HELD APPLICABLE SECTION OF THE COMPANY ASSOCIATES

NIL NIL NIL NIL NIL

IV. SHARE HOLDING PATTERN (Equity Share capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category of Shareholders No. of Shares held at the beginning of the year No. of Shares held at the end of the year % Change during the year

Demat Physical Total % of Total Demat Physical Total % of Total Shares Shares

A. Promoters

(1) Indian

a) Individual/HUFb) Central Govtc) State Govt(s)d) Bodies Corporatee) Banks/FIf) Any Others…

Sub-total(A) (1):-

(2) `Foreign

a) NRIs-Individualsb) Other-Individualsc) Bodies Corporated) Banks/FIse) Any Other…

Sub-total(A) (2):-

Total Shareholding of Promoter(A) = (A)(1) + (A)(2)

2479180000

19,568,90000

44,360,700

00000

0

44,360,700

4990000000

49,900

00000

0

49,900

2484170000

19,568,90000

44,410,600

00000

0

44,410,600

24.8400

19.570.000.00

44.41

00000

0

44.41

24,910,160 0

019,568,900

00

44,479,060

00000

0

44,479,060

4990000000

49,900

00000

0

49,900

24,960,06000

19,568,90000

44,528,960

00000

0

44,528,960

24.960.000.00

19.5700

44.53

0.000.000.000.000.00

0.00

44.53

0.1200

0 000

0.12

00000

0.00

0.12

B. Public Shareholding

1. Institutions

a) Mutual Fundsb) Banks/FIsc) Central Govt.d) State Govt(s)e) Venture Capital Fundsf) Insurance Companiesg) FIIsh) Foreign Venture Capital Fundsi) Others (Specify)

Sub-total(B)(1):-

2. Non-Institutions

a) Bodies Corp. (I) Indian (ii) Overseas

b) IndividualsI) Individual Shareholding

nominal share capital upto Rs. 1 lakh

011760978

0000000

11,760,978

12,758,6530

21,564,180

03800

0000000

3800

383,9460

665,982

011764778

0000000

11,764,778

13,142,5990

22,230,162

011.76

0000000

11.76

13.140

22.23

011,237,956

0000000

11,237,956

11,679,7240

21,328,082

03,800

0000000

3,800

383,9460

609,282

011,241,756

0000000

11,241,756

12,063,6700

21,937,364

0.0011.240.000.000.000.000.000.000.00

11.24

12.06 0.00

21.94

0.00(0.52)

0000000

(0.52)

( 1.08)0

(0.29)


Demat Physical Total % of Total Demat Physical Total % of Total Shares Shares

ii) Individual Shareholders holding nominal share capital in excess of Rs. 1 lakh

c) Others (Specify) (c-i) Trusts

(c-ii) Directors/Relatives(c-iii) Non Resident Indian(c-iv) HUF(c-v) Clearing Members(c-vi)Overseas Corporate Bodies

Sub-total(B)(2):-

Total Public Shareholding (B) = (B)(1) + (B)(2)

6,906,971

20,000 100

380,9631037467

1000

42,668,434

54,429,412

0

0200

40,00000

66,060

1,156,188

1,159,988

6,906,971

20,000300

420,9631,037,467

10066,060

43,824,622

55,589,400

6.91

0.02 0.00

0.421.040.000.07

43.83

55.59

7,819,272

20,0000

456,6631,140,568

267,4370

42,711,746

53,949,702

278,250

00

180,00000

66,060

1,517,538

1,521,338

8,097,522

200000

636,6631,140,568

267,43766,060

44,229,284

55,471,040

8.09

0.020

0.641.140.260.07

44.23

55.47

1.18

00

0.220.1

0.260

0.40

(0.12)

C. Share held by Custodian for GDRS & ADRS 0 0 0 0 0 0 0 0 0.00

Grand Total(A+ B+ C) 98,790,112 1,209,888 100000000 100 98,428,762 1,571,238 100,000,000 100 0.00

ii) Shareholding of Promoters

SI No. Shareholder’s Name Shares held at the beginning of the year Shares held at the end of the year

No. of Shares % of total Shares of the Company Pledged/ of the Company Pledged/ shareholding

encumbered encumbered during the year to total shares to total Shares

% of Shares No. of Shares % of total Shares % of Shares % change in

1 SHANTA MARWAH 68,500 0.07 - 32,000 0.03 - (-)0.04

2 CHANDER MOHAN MARWAH 24701500 24.70 - 24856360 24.86 - 0.16

4 CHANDNI MARWAH 12,200 0.01 - 12,200 0.01 - 0.00

5 JOGINDER PAL MARWAH HUF 17,900 0.02 - 17,900 0.02 - -

6 INESH MARWAH 41,600 0.04 - 41,600 0.04 - -

7 J P OVERSEAS PRIVATE LIMITED 19568900 19.57 - 19568900 19.57 - -

Total 44410600 44.41 44528960 44.53 - 0.12

iii) Change in Promoters’ Shareholding (please specify, if there is no change)

SI No. Shareholding at the beginning of the year Cumulative Shareholding during the year

No. of Shares

11760978

% of total shares of the Company

11.76

No. of Shares % of total shares of the Company

At the beginning of the year

11237956 11.23

(I) Shareholding pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRS):

Name of the Shareholder

1 IDBI BANK LIMITED

Decrease in Shareholding-Sale24.05.201530.06.201509.10.201516.10.201523.10.201531.12.2015

At the End of the year (or on the date of separation, if separated during the year)

9004727

14839446001

223000100000

0.22


No. of Shares

24701500


24.70

No. of Shares % of total shares of the Company


24856360 24.85

Name of Director

1 Chander Mohan MarwahDIN 00172818

D e c r e a s e i n s h a r e h o l d i n g (purchase) 31.12.2015

At the End of the year

154860

Note: Shareholding of other Directors and Key Managerial personnel is same

0 0.00



No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

180000

437541

22000

390000

66060

384307

372346

315242

791644

1000020452129713520000

299988










0.18

0.4375

0.0220

0.3900

0.0661

0.3843

0.3723

0.3152

0.7916

0.00

0.299

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares



















Decrease in shareholding (sale)24.04.201530.06.201509.10.201511.12.2015(Purchase)

� At the End of the year (or on the date of separation, if separated during the year)


2

4

5

6

7

8

9

10

3

NARI LAKHANEY

Religare Finvest Limited

Chander kant khemka

Chander Bajaj

AGB Investments

Amardeep Singh

Haryana Sheet Glass Limited

Lalit Devilal Bagrecha

Adroit Fin Ser Pvt Ltd

180000

437541

22000

390000

66060

384307

372346

315242

0.18

0.4375

0.0220

0.3900

0.0661

0.3843

0.3723

0.3152


v) Shareholding of Directors and Key Managerial Personnel:


No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

24701500

100

100

100

36500

108067







24.70

0.0001

0.0001

0.0001

0.0365

0.11

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares

No. of Shares













24856360

100

100

100

24.85

0

0.0001

.0001


1

2

3

4

5

6

Chander Mohan Marwah DIN: (00172818)

Samir Katyal00645810

Sajeve DeoraDIN: 00003305

Ambarish ChatterjeeDIN: 00653680

Anu MarwahDIN:00645865

Sanjay Kumar SareenDIN: 02320309

I n c r e a s e i n s h a r e h o l d i n g (purchase) 31.12.2015

Date wise increase/Decrease in Share holding during the year speci fy ing the reasons for increase/decrease(e.g. Allotment / transfer / bonus / sweat equity etc):











154860

0

0

-

0

0

0.15486

0

0

-

0

0

36500 0.0365

108067 0.11


• Fee for attending board committee meetings• Commission• Others, please specify

000

000

000

000

Total(2) 0 0 0 0 100

Total (B)= (1+2) 0 0 0 0 100

Total Managerial Remuneration NA NA NA NA

Overall Ceiling as per the Act NA NA NA NA

V. INDEBTEDNESSIndebtedness of the Company including interest outstanding/ accrued but not due for payment

Secured Loans Unsecured Deposits Total Indebtednessexcluding Loansdeposits

Indebtedness at the beginning of the financial year

i) Principal Amountii) Interest due but not paidiii) Interest accrued but not due

000

21,387,88100

000

21,387,88100

Total (i + ii + iii) 0 021,387,881 21,387,881

Total (i + ii + iii) 0 32,680,881 32,680,881

Change in Indebtedness during the financial year

• Addition• Reduction

00

11,293,0000

00

Net Change

Indebtedness at the end of the financial

i) Principal Amountii) Interest due but not paidiii) Interest accrued but not due

000

32,680,881 00

000

32,680,88100

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Remuneration to Managing Director, Whole – time Directors and/or Manager:

SL. No. Particulars of Remuneration Name of MD/WTD/Manager Total Amount

1.

2.

3.

4.

Gross salary

(a) Salary as per provisions contained in section 17 (1) of the Income –tax Act, 1961

(b) Value of perquisites u/s 17 (2) of the Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

Stock Option

Sweat Equity

Commission -as % of profit Others specify…

Others, please specify

Total(A)

Ceiling as per the Act

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

B. Remuneration to the Directors:

S.NO Particulars of Remuneration Name of Directors % of Attendance

1. Independent Directors Mr. Sajeve Deora

Mr. Ambarish Chatterjee

Mr. Sanjay Kumar Sareen

Total (1)

• Fee for attending Board Meetings during the year 0

• Fee for attending Board Meetings and Audit Committee Meetings during the year

• Fee for attending board committee meetings• Commission• Others, please specify

000

000

000

000

2. Other Non Executive Directors

11,293,000 0

11,293,0000

0

0 11,293,000

0

• Fee for attending Board Meetings and Audit Committee Meetings during the year

0


SL. No. Particulars of Remuneration Name of MD/WTD/Manager Total Amount

1.

2.

3.

4.

Gross salary

(a) Salary as per provisions contained in section 17 (1) of the Income –tax Act, 1961

(b) Value of perquisites u/s 17 (2) of the Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

Stock Option

Sweat Equity

Commission -as % of profit Others specify…

Others, please specify

Total(A)

Ceiling as per the Act

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Nil

Nil

Nil

Nil

Nil

Nil

Nil

0

NA

Remuneration to key Managerial Personnel Other Than MD/Manager/WTD

VII. PENALTIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type SECTION OF THE Companies Act

Brief Description Details of Penalty/ Punishment/

compounding fees imposed

Authority [ RD/ NCLT/ COURT]

Appeal made, if any (give Details)

A COMPANY

Penalty None None None None None

Punishment None None None None None

Compounding None None None None None







B.DIRECTORS

C.OTHER OFFICERS IN DEFAULT

For and on behalf of the Board of Directors

Place: New Delhi thDated: 28 May, 2016 C. M. Marwah

(Managing Director)

DIN No. 00172818

Samir Katyal

(Director)

DIN No. 00645810


ANNEXURE C:

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2016[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies

(Appointment and Remuneration Personnel) Rules, 2014]

To,The Members,Jai Mata Glass Limited, Village Tipra, Barotiwala,District Solan,Himachal Pradesh- 174103

We have conducted the Secretarial Audit in respect of the compliance of applicable statutory provisions and the adherence to good corporate practices by Jai Mata Glass Limited (hereinafter referred to as “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.

Based on our verification of the books, papers, minutes book, forms and returns filed and other records maintained by Jai Mata Glass Limited and also the information provided by the Company, its officers, agents 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 financial year ended on March 31, 2016, complied 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:

Opinion

We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2016, to the extent applicable, and 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 (’SCRA’) and the rules made there under;

(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed there under;

(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings; Not applicable to the Company during the period under review as there was no Foreign Direct investment made Into the Company and also, there was no overseas Direct Investment made by the Company and there was no External Commercial Borrowing availed by the Company during the period under review.

(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (’SEBI Act’):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

(b) The securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

(d) The Securities and Exchange Board of India (Registrars to Issue and Share Transfer Agents) Regulations, 1993 regarding two Companies Act and dealing with client; Not applicable to the Company for the period under review.

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; Not Applicable to the Company for the period under review as the Company did not issue or list any equity or debt instrument during the period under review.

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents), Regulations, 1993 regarding the Companies Act and dealing with client; Not applicable to the Company during period under review.

(g) Securities and Exchange Board of India (Delisting of Equity Shares Regulations, 2009; Not Applicable to the Company as the Company as the Company did not delist any of its equity shares during the period under review.

(h) Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998. Not Applicable to the Company during the Audit Period as the Company did not buy back any of its securities during the Audit period.

We have also examined compliance with the applicable clauses of the following:

(I) Secretarial Standards issued by The Institute of Company Secretaries of India.

(ii) The Listing Agreements entered into by the Company with the Bombay Stock Exchange Limited.


During the year under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards etc, mentioned above subject to the following observation:

(a) The Company, in terms of the provisions of section 203(1) (ii) & (iii) of the Companies Act, 2013, was required to have a Company Secretary and Chicf Financial Officer. The Company did not have any Company Secretary or Chief Financial Officer during the Financial Year 2015-2016.

However, the Company has since, in a meeting of its Board of Directors held on 14.04.2016, appointed Mr. Narendra Kumar Sharma as Company Secretary and on 28.05.2016 appointed Mr. Lalit Mohan Anand as Chief Financial Officer of the Company.

We further report that;

1. The 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 wear carried out in compliance with the provisions of the Act.

2. Adequate notice was given to all directors regarding Board Meeting and agenda of Board Meetings and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

3. Majority decisions are carried through while the dissenting members’ views, if any, are recorded as part of the minutes.

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.

We further report that during the audit period there were no instances of;

(i) Public / Right / Preferential issue of shares / Debentures / Sweat Equity, etc.

(ii) Merger / Amalgamation / reconstruction, etc.

(iii) Foreign techical collaborations

SD/-Nandita Gujarati

Practicing Company SecretaryMembership No. 26488

CP No. 9549Camp : VaranasiDate : May 31, 2016


Management Discussion and Analysis Report

Market overview

Newer processes and materials, electronic form of business and geo-political events have caused volatility in commodity prices, consequently reset in their values. ‘Technology The Deflator’ has had its effects and is redefining the value chain in the manufacturing sector over the global marketplace.

Governments and Central Banks globally are working to balance interest rates and inflation, and have limited ability to use exchange rates for the purposes.

Opportunities and threats

The expected changes in the Manufacturing processes with emphasis on cheaper raw materials and other input casts will be the key to greater profitability.

Risk Management practices will have to discharge a business supportive role, with focus remaining on containing risks of counter party.

Segment-wise or product-wise performance

The Company operates in a single segment, and therefore, there are no separate segment wise details to be provided.

Internal control systems and their adequacy

The Company has adequate internal control systems commensurate with the size and nature of its operations.

Accounts of the Company

The Company has prepared its annual accounts for the year ended March 31, 2016 in accordance with Indian GAAP.


AUDITORS' CERTIFICATE REGARDING COMPLIANCE OF CONDITIONS OF CORPORATE GOVERNANCE

To the Members of Jai Mata Glass Limited

We have examined the compliance of conditions of Corporate Governance by Jai Mata Glass Limited (the "Company"), for the year ended 31st March, 2016, as stipulated in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26 and 27 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, of the said Company with Stock Exchanges.

The compliance of conditions of Corporate Governance is the responsibility of the Company's management. Our examination has been limited to a review of the procedures and implementation thereof adopted by the Company for ensuring compliance with the conditions of Corporate Governance as stipulated in the said clauses. It is neither an audit nor an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to us, and based on the representations made by the Directors and the Management, we certify that he Company has complied with the conditions of Corporate Governance as stipulated in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26 and 27 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We state that such compliance is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company.

For K.R. & Co., Chartered Accountants,

Firm Registration No: 025217NPlace: New DelhiDate: May 28, 2016

Kamal Ahluwalia(Partner)

Membership No. 093812


“ANNEXURE B” TO INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS

Report on the Internal Financial Controls under Clause (i) of sub-section 3 of the section 143 of the Act

We have audited the Internal Financial Controls over financial reporting of Jai Mata Glass Limited(“the Company”) as of

March 31, 2016, in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for laying down and maintaining internal financial controls based on 'the internal

control over financial reporting criteria established by the Company considering the essential components of internal control

stated in the Guidance note on Audit of Internal Financial Controls Over Financial Reporting (Guidance Note) issued by the

Institute Chartered Accountants of India (ICAI). These responsibilities include the design, implementation and maintenance

of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its

business, including adherence to Company's policies, the safeguarding of its assets, the prevention and detection of frauds

and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial

information, as required under the Act.

Auditor's Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our

audit.

We conducted our audit in accordance with the Standards of Auditing, to the extent applicable to an audit of internal financial

controls and the Guidance Note, both issued by the ICAI. Those Standards and the Guidance Note require thatwe comply

with ethical requirements and plan and perform the audit to obtain the reasonable assurance about whether adequate

internal financial controls over financial reporting was established and maintained and if such controls operated effectively in

all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls

system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial

reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a

material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the

assessed risk. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on

the internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A Company's internal financial control over financial reporting is a process designed to provide reasonable assurance

regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance

with generally accepted accounting principles. A Company's internal financial control over financial reporting includes those

policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect

the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are

recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting

principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of

management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection

of unauthorized acquisition, use, or disposition of the Company's assets that could have a material effect on the financial

statements.


Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of its inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or

improper management override of controls, material misstatements due to error or fraud may occur and not to be detected.

Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the

risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or

that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial

reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2016, based

on the internal control over financial reporting criteria established by the Company considering the essential components of

internal control stated in the Guidance Note issued by the ICAI.

PU – 53, Vishakha Enclave, KR & CoPitampura, Chartered AccountantsNew Delhi- 110088 Firm Registration No. 025217N

By the hand of

Kamal AhluwaliaMay 28, 2016 PartnerNew Delhi. Membership No. 093812


ANNEXURE TO INDEPENDENT AUDITOR’S REPORT(Annexure in paragraph 5)

i) (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets.(b) As explained to us , all the fixed assets have been physically verified by the management in a phased periodical manner, which in our opinion is reasonable,

having regard to the size of the Company and nature of its assets. No material discrepancies were noticed on such verification.(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of immovable

properties are held in the name of the Company. ii) The Company does not own any inventory. Accordingly, provisions of clause (ii) (a), (ii) (b) and (ii) (c) of paragraph 3 of the Order are not applicable to the

Company.iii) The Company has not granted any loans, secured or unsecured to companies, firms, limited liability partnerships or other parties covered in the register

maintained under section 189 of the Act. iv) The Company has compiled with the provisions of section 185 to 189 of the Act in respect of loans, investments, guarantees, and security, to the extent

applicable. v) The Company has not accepted any deposits within the meaning of sections 73 to 76 or any other relevant provisions of the Act.vi) The Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act in respect of activities carried out by the

Company.vii) (a)According to the information and explanations given to us, the Company has not been regular in depositing undisputed statutory dues including provident

fund, investor education and protection fund, employees’ state insurance, income-tax, sales tax, wealth-tax, service tax, customs duty, cess and other statutory dues applicable with the appropriate authorities andthere were following undisputed amounts payable by the Company in respect of statutory dues, outstanding as at March 31, 2016, for a period of more than six than months from the date they become payable:

Nature of Dues Amount (Rs.)

Service Tax 12,21,397

Barrier Tax 10,36,036

Sales Tax 7,27,687

Mandi Tax 1,87,606

ESI 10,30,064

However, it is to be read together with comments in Note No. 35to the financial statements.

b) According to the information and explanations given to us, the particulars of the dues of excise duty, sales tax and provident fund, as at March 31, 2016 which has not been deposited on account of disputes, are as follows:

S. No Name of the Statute Nature of the Due From where dispute is pending Amount (Rs. lacs)

1 Employees Provident Fund Act, 1952 Interest and Damage charges Employees Provident Fund Appellate Tribunal, New Delhi 46.67

2 Income Tax Act, 1961 Income Tax Hon’ble High Court, Himachal Pradesh 23.84

3 Barrier Tax Barrier Tax Hon’ble High Court, Himachal Pradesh 10.36

viii) The Company does not have any loans or borrowings from any financial institutions, banks, Government or debenture holders during the year

ix) The Company did not raise any money by way of initial public offer or further public offer and term loans during the year.

x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company or any fraud on the Company by its officers or employees has been noticed or reported during the year.

xi) The Company has not paid any managerial remuneration during the year.

xii) The Company is not a nidhi company.

xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards.

xiv) The Company has not made any preferential allotment or private placement of shares during the year under review.

xv) The Company has not entered into any non-cash transactions with directors or persons connected with him.

xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

PU – 53, Vishakha Enclave, KR & CoPitampura, Chartered AccountantsNew Delhi- 110088 Firm Registration No. 025217N By the hand of

Kamal AhluwaliaMay 28, 2016 PartnerNew Delhi. Membership No. 093812


Notes March 31, 2016 March 31, 2015

EQUITY AND LIABILITIES

Shareholders' fund

Share capital

2 100,000

100,000

Reserves and surplus 3 (163,152)

(161,323)

(63,152) (61,323)Non current liabilities

Long term borrowings 4 32,681

21,388

Other non current liabilities 5 2,334

2,334

35,015 23,722Current liabilities

Trade payables 6 1,564

1,564

Other current liabilities 7 48,236

59,358

49,800

60,922

21,662 23,321

ASSETS

Non current assets

Fixed assets

Tangible assets 8 5,765

6,742

Long term loans and advances 9 784

784

Other non current assets 10 11,586

11,582

18,136

19,108

Current assets

Trade receivables 11 3,010

3,181

Cash and cash equivalents 12 154

665

Short term loans and advances 13 339

339

Other current assets 14 24

27

3,527

4,213

21,662

23,321

SIGNIFICANT

ACCOUNTING POLICIES 1

NOTES FORMING PART OF THE FINANCIAL STATEMENTS 2-32

The accompanying notes form an integral part of the financial statements.As per our report of even date.KR & Co.Chartered Accountants

By the hand of

Kamal Ahluwalia C.M. Marwah Samir Katyal Narender Kumar SharmaPartner Managing Director Director Company Secretary

Membership no. 093812 DIN: 00172818 DIN: 00645810 Membership No. A-32189

May 28, 2016New Delhi.

BALANCE SHEET AS AT MARCH 31, 2016

Rs.'000 Rs.'000


Notes March 31, 2016 March 31, 2015

INCOME

Other income 15 4

1,171

Total income 4

1,171

EXPENSES

Employee benefit expenses 16 -

40

Finance costs 17 -

2

Depreciation 8 626

878

Other expenses 18 857

3,495

Total expenses 1,483

4,415

Loss before exceptional, prior period items and tax (1,479)

(3,245)

Less/(Add): Exceptional items

-

170

Less/(Add): Prior period items (net) -

32

Loss before tax (1,479)

(3,043)

Less: Tax expense

Current tax -

-

Loss for the year (1,479)

(3,043)

Earnings per equity share-Basic and diluted

[Face value per equity share is Re. 1 (Re. 1)] (0.015)

(0.03)

SIGNIFICANT

ACCOUNTING POLICIES 1

NOTES FORMING PART OF THE FINANCIAL STATEMENTS 2-32

The accompanying notes form an integral part of the financial statements.

As per our report of even date.

KR & Co.

Chartered Accountants

By the hand of

Kamal Ahluwalia C.M. Marwah Samir Katyal Narender Kumar Sharma

Partner Managing Director Director Company Secretary

Membership no. 093812 DIN: 00172818 DIN: 00645810 Membership No. A-32189

May 28, 2016

New Delhi.

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2016

Rs.'000 Rs.'000


March 31, 2016 March 31, 2015

A. CASH FLOW FROM OPERATING ACTIVITIES

Loss before tax (1,479)

(3,043)

Adjustment for:

Depreciation 626

878

Interest receipts (0)

(0)

Amounts written off -

(60)

Adjustment of depreciation -

(170)

Interest paid -

2

Operating profit before working capital changes (857) (2,397)

Adjustment for working capital changes:

Increase/(decrease) in trade and other receivables 171 8,962

Increase/(decrease) in trade payables and other liabilities (11,123) (1,693)

Cash Generated from Operations (11,808)

4,873

Tax paid during the year - -

NET CASH USED IN OPERATING ACTIVITIES (11,808)

4,873

B. CASH FLOW FROM INVESTING ACTIVITIES

Interest receipts 4 4

Sale of

fixed assets - -

NET CASH USED IN INVESTING ACTIVITIES 4 4

C. CASH FLOW FROM FINANCING ACTIVITIES

Increase/(decrease) in long term borrowings 11,293 21,388

Increase/(decrease) in other long term liabilities - 2,334

Increase/(decrease) in short term borrowings - (29,761)

Interest paid - (2)

NET CASH FROM FINANCING ACTIVITIES 11,293 (6,042)

D. NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) (512)

(1,165)

Cash and cash equivalents opening balance 665 1,830

Cash and cash equivalents closing balance 154

665

This is the Cash Flow Statement referred to in our report of even date.

KR & Co.Chartered AccountantsBy the hand of

Kamal Ahluwalia C.M. Marwah Samir Katyal Narender Kumar SharmaPartner Managing Director Director Company SecretaryMembership no. 093812 DIN: 00172818 DIN: 00645810 Membership No. A-32189

May 28, 2016New Delhi.

CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2016

Rs.'000 Rs.'000


March 31, 2016 March 31, 2015

2 SHARE CAPITAL

Authorized 10,00,00,000 10,00,00,000 equity shares of Re.1 (Re.1 each) 100,000 100,0001,75,000 1,75,000 preference shares of Rs. 100 (Rs. 100 each) 17,500 17,500

117,500 117,500Issued, subscribed, and paid up10,00,00,000 10,00,00,000 equity shares of Re.1 Re. 1each fully paid up 100,000 100,000

a

Number'000 Rs.'000 Number'000 Rs.'000100,000 100,000 100,000 100,000

Issued during the year - - -

100,000 100,000 100,000 100,000

b Terms/rights attached to shares

cName of shareholder

Number'000 % of holding Number'000 % of holdingC.M. Marwah 24,856 24.86 24,836 24.84J.P. Overseas Pvt. Ltd. 19,569 19.57 19,569 19.57IDBI Bank Ltd. 11,761 11.76

11,761 11.76

Growmore Properties Pvt. Ltd. 7,661 7.66 7,661 7.66

3 RESERVES AND SURPLUS

Deficit as per Statement of Profit and Loss

Balance at the beginning of the year (161,323) (158,280)Add:Less:

Loss for the yearAdjustment for depreciation

(1,479) 3,043) 350 -

Balance at the end of the year (161,323) (161,323)

As at March 31, 2016 As at March 31, 2015

Notes forming part of financial statements

Reconciliation of the equity shares outstanding at the beginning and at the end of the reporting yearAs at March 31, 2016 As at March 31, 2015

Outstanding at the beginning of the

Outstanding at the end of the year

The Company has only one class of equity shares having a par value of Re. 1 per share. Each holder of equityshares is entitled to one vote per share. The Company declares and pays dividend, if any, proposed by theBoard of Directors. The dividend proposed is subject to the approval of the shareholders in the ensuing AnnualGeneral Meeting.

In the event of liquidation of the Company, the holders of equ ity shares will be entitled to receive remainingassets of the Company, after distribution of all preferenti al amounts. The distribution will be in proportion to thenumber of equity shares held by the shareholder.

Details of equity shares held by shareholders holding more than 5% of the aggregate shares in the Company:

4 LONG TERM BORROWINGS

UnsecuredFrom related party* 32,681 21,388

32,681 21,388* Loan from related party represents unsecured borrowings, which is repayable wherever stipulated as mutually

agreed. There is no repayment of principal due by the Company during the year.

Rs.'000 Rs.'000


9 LONG TERM LOANS AND ADVANCES

Unsecured

Security deposits 657 657Balances with government authorities 42 42Income tax receivable 85 85

784 784

March 31, 2016 March 31, 2015

Rs.'000 Rs.'000

5 OTHER NON CURRENT LIABILITIES

Advance received from customers 1,400 1,400Trade payables 934 934

2,334 2,334

6 TRADE PAYABLES

For materials and services 1,564 1,5641,564 1,564

7 OTHER CURRENT LIABILITIES

Advances received from customers 19,652 19,652Advance for capital goods 21,500 33,000Duties and taxes 4,206 4,203Creditors for expenses 2,182 1,827Others

Employee benefit expenses 436 436Book overdraft 259 239

48,236 59,358


The Company has not received any information from suppliers of their being a Micro, Small and MediumEnterprises Unit under Micro, Small and Medium Enterprises Development Act 2006. Hence, amount due to Microand Small Scale Enterprises outstanding as on March 31, 2016, is not ascertainable.


8 TANGIBLE ASSETS

Particulars

As at April Additions Sales during As at March Upto March For the Upto March As at March As at March

1, 2015 during the year the year 31, 2016 31, 2015 year 31, 2016 31, 2016 31, 2015

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Land 3,355 - - 3,355 - - - - 3,355 3,355

Buildings 1,674 - - 1,674 624 97 - 721 953 1,050

Air conditioners 679 - - 679 641 7 20 669 10 38

Vehicles 6,030

-

-

6,030

4,496

497

(395)

4,598 1,432 1,534

Computers

&

software 2,653

-

-

2,653

2,574

-

79

2,653 - 79

Furniture

& fixtures 2,746

-

-

2,746

2,739

1

1

2,741 4 6

Office

equipments 1,583

-

-

1,583

904

23

644

1,572 12 679

18,720

-

-

18,720

11,978

626

350

12,955 5,765 6,742

18,720

-

-

18,720

11,270

878

170

11,978 6,742 7,450

NET BLOCK

Total

Previous

year

Discard /

adjustment

GROSS BLOCK DEPRECIATION

11 TRADE RECEIVABLES

Unsecured, considered good

Outstanding for a period exceeding 6 months from the date they became due for payment 3,010 3,181Outstanding for a period less than 6 months from thedate they became due for payment –

3,010 3,181

10 OTHER NON CURRENT ASSETS

Advances recoverable in cash or in kind 11,568 11,568Interest accrued but not due 18 14

11,586 11,582


March 31, 2016 March 31, 2015

Rs.'000 Rs.'000

12 CASH AND CASH EQUIVALENTS

Balances with banksOn current accounts - 64

Cash on hand 154 601154 665

13 SHORT TERM LOANS AND ADVANCES

Unsecured

Advances recoverable in cash or in kind 339 339

339 339

14 OTHER CURRENT ASSETS

Prepaid expenses 24 2724 27

15 OTHER INCOME

Sale of scrap - 1,105Interest receipts on

Fixed deposits receipts 4 4 Refund of income tax - 2Amounts written back - 60

4 1,171

16 EMPLOYEE BENEFIT EXPENSES

Salary, wages, bonus and allowances -

-

40

2

-

-

40

2

17 FINANCE COSTS

Interest on vehicle finance



March 31, 2016 March 31, 2015

Rs.'000 Rs.'00018 OTHER EXPENSES

Communication Legal and professional Travelling and conveyanceAdvertisement and sales promotionRates and taxes*RentInsuranceRepair and maintenance

ComputersVehiclesOthers

Listing feesPayment to auditors

As audit feesPenaltiesPrinting and stationeryBank chargesLoss on sale of vehicleOthers

124

106

87

54

13

68

14

1

6

225

30

2

35

60

33

857

403

361

99

59

132

1,333

14

1

12

161

29

694

17

25

155

3,495

19 Earnings Per Share

EPS is calculated by dividing the profit after tax attributable to the equity shareholders by the weighted average of the number of equity shares outstanding during the year. Numbers used for calculating basic and diluted earnings per equity share are as stated below:

(i) Loss for the year Rs. (1,479) (3,043)

(ii) Nominal value of equity share Re 1 1

(iii) Weighted average number of equity shares outstanding during the year No. 100,000 100,000

(iv) Basic and diluted earnings per share Re. (0.015) (0.030)

20 Related Party DisclosuresPursuant to Accounting Standard (AS18)-"Related Party Disclosure" issued by Institute of Chartered Accountants of India following parties are to be treated as related parties along with their relationships:

(i) Name of related parties and description of relationships : (a) Key management personnel

C.M. Marwah Managing DirectorAnu Marwah DirectorSamir Katyal DirectorNarender Kumar Sharma* Company Secretary*Appointed on April 14, 2016

(b) Related Party whose control exists:J.P. Overseas Pvt. Ltd.Enterprise owned or significantly influenced by key management personnel or their relatives

Note:- Related parties relationship is as identified by the management.


Nature of transaction March 31, 2016 March 31, 2015

Rs.'000 Rs.'000

(ii) Transactions with related parties during the year:

Related party

Loan paid back

Loan received

Loan received

Loan paid back

Loan received

Loan paid back

Advance repaid for capital goods

J.P. Overseas Pvt. Ltd.


C.M. Marwah

C.M. Marwah

Samir Katyal

Samir Katyal


222

11,515

20

-

-

-

-

7,415

-

1,500

1,625

250

250

850

(iii) Amount outstanding as at March 31, 2016:

Long term borrowings

Long term borrowings


C.M. Marwah

32,681

20

21,388

-

21 Contingent liabilities (to the extent not provided for)

(I) ax matters under disputes/appeal

(ii) Provident fund matters under disputes/appeal

2,384

4,667

2,384

4,667

22 EMPLOYEE BENEFITS (AS - 15 REVISED)

There is no employee who is covered under Retirement Benefits at the end of the year, and the directors have waived their rights to receive retirement benefits, and therefore, no provision for retirement benefits is required to be made in the financial statements.

23 In the opinion of the Board, the assets, other than fixed assets, do have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

24 Balances with various customers, suppliers, creditors and advances recoverable are subject to confirmation/ reconciliation and consequential adjustments.

25 A demand of Rs. 46.67 lacs has been raised by Employees' Provident Fund Organisation against which appeal has been filed with 'Employees Provident Fund Appellate Tribunal (EPFAT)' challenging the validity and correctness of the Order. On Company's appeal, EPFAT stayed the Order with the condition to deposit Rs. 11.50 lacs. The Company does not consider itself liable on its account and accordingly, no liability has been provided in the books of account as the Company has been advised that no liability is likely to crystallize on this account.

26 The Company has challenged the constitutional validity of entry tax levied in April 2010, in the State of Himachal Pradesh, and a writ petition filed by the Company is pending before the Hon'ble High Court of Himachal Pradesh at Shimla, the Company does not consider itself liable and accordingly, no liability has been provided in the financial statements of the Company.

27 The Company closed its glass manufacturing unit on December 25, 2012, with the permission of Labour Commissioner, Government of Himachal Pradesh, and since paid legal dues to all its employees, including Settlement Awards directed to be paid by April 15, 2013, in term of directions of Labour-Cum-Conciliation Office, Baddi Himachal Pradesh dated December 28, 2012.

28 The Company has not recognised deferred tax assets that relate to unused tax losses and unabsorbed depreciation, as it is not probable that future taxable profit will be available against which the Company can utilize the benefits.

29 During the year ended March 31, 2016, the Company incurred a loss of Rs. 14,79,273, and has accumulated losses of


Rs. 16,31,52,179 as against 'Share Capital and Reserves' of Rs. 10,00,00,000.

The Board of the Company is exploring and evaluating various business opportunities, and accordingly, the accounts of the Company have been prepared on a going concern basis.

30 The Company is not regular in depositing its statutory dues due to financial constraints. The overdue outstandings as at March 31, 2016, were in respect of service tax, barrier tax, ESI, value added tax/central sales tax, mandi tax, amounting to Rs. 12,21,397, Rs. 10,36,036, Rs. 10,30,064, Rs. 7,27,687, Rs. 1,87,606, respectively.

31 No provision for interest, penalties, and other levies, if any, on overdue statutory payments has been made, as the same will be accounted for as and when paid/settled.

32 Previous year figures have been regrouped/recast, where ever necessary, to confirm with this year's presentation.


The accompanying notes form an integral part of the financial statements.

C.M. Marwah Samir Katyal Narender Kumar Sharma

Managing Director Director Company Secretary

DIN: 00172818 DIN: 00645810 Membership No. A-32189

May 28, 2016

New Delhi.


1 ACCOUNTING POLICIES

(a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements are prepared in accordance with the Indian Generally Accepted Accounting

Principles ("GAAP") under the historical cost convention on accrual basis. These financial statements have

been prepared to comply in all material aspects with the accounting standards as notified under section 133 of

the Companies Act, 2013, read with Rule 7 of [Companies (Accounts) Rules, 2014, as amended], and other

relevant provisions of Companies Act, 2013, and the guidelines issued by the Securities Exchange Board of

India. Accounting policies have been consistently applied except where a newly issued accounting standard

is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy

hitherto in use.

(b) USE OF ESTIMATES

The preparation of financial statements is in conformity with the generally accepted accounting principles

requires the management of the Company to make estimates and assumptions that affect the reported

balances of assets and liabilities and disclosures relating to the contingent liabilities as at the date of the

financial statements and reported amounts of income and expenses during the reporting period. Although

these estimates are based on the managements' best knowledge of current events and actions that the

Company may undertake in future, the actual results could differ from those estimates. Any material changes

in estimates are adjusted prospectively.

(c) TANGIBLE ASSETS

Tangible assets are stated at cost or at revalued amounts less accumulated depreciation. Cost of fixed assets

includes all incidental expenses and interest costs on borrowings, attributable to the acquisition of qualifying

assets, upto the date of commissioning of assets.

An item of fixed assets is de-recognised upon disposal or when no future economic benefits are expected

from its use or disposal. Any gain or loss arising on de-recognition of the fixed asset (calculated as the

difference between the net disposal proceeds and the carrying amount of the asset) is included in the financial

statements in the year the asset is de-recognised.

(d) DEPRECIATION

Depreciation on fixed assets is charged in accordance with estimate of useful life of the assets, on straight line

method, at rates specified in Part 'C' of Schedule II of the Companies Act, 2013. Depreciation on assets

purchased/sold during a period is proportionately charged.

In respect of an asset for which impairment loss is recognised, depreciation is provided on the revised

carrying amount of the assets over its remaining useful life.

(e) IMPAIRMENT OF ASSETS

Consideration is given at each Balance Sheet date to determine whether there is any indication of impairment

of the carrying amount of the Company's fixed assets. If any indication exists, the recoverable value of assets

is estimated. An impairment loss is recognised whenever the carrying amount of an asset exceeds its

recoverable amount, the latter being greater of net selling price and value in use.


(f) RECOGNITION OF REVENUE AND EXPENDITURE

Income and expenditure are accounted for on accrual basis.

(g) TAXES ON INCOME

Provision for current income tax is made as per the provisions of the Income tax Act, 1961.

Deferred tax resulting from "timing difference" between taxable and accounting income is accounted for

using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

Deferred tax asset is recognised and carried forward only to the extent that there is a virtual certainty

that the asset will be realised in future.

(h) EARNINGS PER SHARE

The Company reports basic and diluted per equity share in accordance with Accounting Standard (AS)

20, "Earnings per Share" issued by the Institute of Chartered Accountants of India. Basic earnings per

equity share is computed by dividing net income by the weighted average number of equity shares

outstanding for the year. Diluted earnings per equity share is computed by dividing net income by the

weighted average number of equity shares outstanding including shares pending allotment.

(i) CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the

effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts

or payments. The cash flows from regular revenue generating, investing and financing activities of the

Company are segregated.

(j) CASH AND CASH EQUIVALENTS

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand,

and short term investments with an original maturity period of three months or less.

(k) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provision involving substantial degree of estimation in measurement are recognised when there is a

present obligation as a result of past events and it is probable that there will be an outflow of resources.

Contingent liabilities are not recognised but are disclosed in the notes. Contingent assets are neither

recognised nor disclosed in the financial statements.



ANNUAL GENERAL MEETING VENUE ROUTE MAP

JAI MATA GLASS LIMITEDRegistered Office: VillageTipra, P. O. Barotiwala, District Solan, H. P. 174103

CIN NO: L26101HP1981PLC004430; Email ID: [email protected] Website: www.jaimataglass.com

Phone No: 011 41536830; Fax no. 011 41536830

ATTENDANCE SLIP

Please fill this Attendance Slip and hand it over at the entrance of the Meeting Hall

DP ID*: Folio No:

Client ID*: No. of Shares:

Name and Address of the Shareholder:.......................................................................................................................................

I hereby record my presence at the 36th Annual General Meeting of the Company held on Friday September 30, 2016 at 11:00A.M. at, the Registered Office of the Company at Village Tipra, P. O. Barotiwala, District Solan, Himachal Pradesh - 174103

Signature of Shareholder/Proxy present*Applicable for investors holding shares in electronic form.1. Please handover the attendance slip at the entrance of the meeting venue.2. This attendance is valid only in case shares are held on the date of meeting3. As per Section 118(10) of the Companies Act, 2013 read with Secretarial Standards for General Meeting issued by The Institute of Company

Secretaries of India “No gifts, gift coupons or cash in lieu of gifts shall be distributed to members at or in connection with the meeting”

JAI MATA GLASS LIMITEDRegistered Office: VillageTipra, P. O. Barotiwala, District Solan, H. P. 174103


Phone No: 011 41536830; Fax no. 011 41536830

PROXY FORM{Pursuant to Section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014}

Name(s) of the Member(s)

Registered Address

Email Id

Folio No./Client ID* DP ID*

I/ We, being the Member(s) holding……………..shares of Jai Mata Glass Limited, hereby appoint:

1. Name: ......................................................................................................................................................................................................

Address: ...................................................................................................................................................................................................

E-mail ID:................................................................................................... Signature:..................................................or failing him/her

2. Name: ......................................................................................................................................................................................................

Address: ...................................................................................................................................................................................................


3. Name: ......................................................................................................................................................................................................

Address: ...................................................................................................................................................................................................


as my/ our Proxy to attend and vote for me/ us on my/ our behalf, 36th Annual General Meeting of the Company held on Friday September 30, 2016 at 11:00 A.M. at, the Registered Office of the Company at Village Tipra, P. O. Barotiwala, District Solan, Himachal Pradesh - 174103 or any adjournment thereof in respect of such resolutions as are indicated below:

S.NO RESOLUTIONS FOR AGAINST

1 Adoption of Annual Accounts and Reports thereon for the Financial Year ended March 31, 2016.

2 Re-appointment of Mrs. , who retires by rotation.

3 Appointment of Auditors and Fixing their Remuneration.

*Applicable for investors holding shares in electronic form.

Signed this……..day of …………..2016

---------------------------------- ----------------------------------Signature of Shareholder Signature of proxy holder

Anu Marwah

.

Affix a Re.1/-

Revenue Stamp

Jai Mata Glass LimitedRegistered Office: VillageTipra, P. O. Barotiwala, District Solan, H. P. 174103


Phone No: 011 41536830; Fax no. 011 41536830

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