IPO Details Background Info Management Team Balance Sheet Income Statement Ratios Quarterly Results Quotes Technical High/Low

Pipavav Shipyard Ltd. : Balance Sheet Back Industry Ship - Docks/Breakin BSE Code Not Listed Face Value Rs. 10.00 Non Execu Mr. Nikhil P Gandhi NSE Code Market Cap 0.00 Cr Group Not Applicable ISIN No Book Closure   (Rs in Cr.)   Mar ' 09  Mar ' 08  Mar ' 07  Mar ' 06  Mar ' 05  SOURCES OF FUNDS           Owner's Fund           Equity Share Capital  580.35  579.69  289.72  200.00  200.00 Share Application Money  0.00  0.00  25.00  68.78  0.84 Preference Share Capital  0.00  0.00  4.52  26.00  26.00 Reserves & Surplus  674.73  666.50  99.58  -3.17  -1.75 Loan Funds           Secured Loans  774.59  294.31  336.59  350.44  114.70 Unsecured Loans  379.02  98.21  129.74  0.00  256.01 Total  2,408.69  1,638.71  885.15  642.05  595.80             USES OF FUNDS           Fixed Assets           Gross Block  49.45  18.22  12.47  22.43  21.66 Less : Revaluation Reserve  0.00  0.00  0.00  0.00  0.00 Less : Accumulated Depreciation  7.46  4.65  3.82  6.47  5.39 Net Block  41.99  13.58  8.65  15.96  16.28 Capital Work-in-progress  2,156.02  1,181.59  746.74  689.67  646.52             Investments  66.55  194.06  51.08  0.00  0.00             Net Current Assets           Current Assets, Loans & Advances  1,235.19  1,040.31  114.19  1.50  0.43 Less : Current Liabilities & Provisions  1,091.06  790.83  35.50  65.08  67.43 Total Net Current Assets  144.12  249.48  78.69  -63.58  -67.00 Miscellaneous expenses not written  0.00  0.00  0.00  0.00  0.00 Total  2,408.68  1,638.71  885.16  642.05  595.80 Note :           Book Value of Unquoted Investments  0.00  0.00  0.00  0.00  0.00 Market Value of Quoted Investments  0.00  0.00  0.00  0.00  0.00 Contingent liabilities  0.00  0.00  0.00  0.00  0.00 Number of Equity shares outstanding (in Lacs)  5,803.48  5,796.93  2,897.20  2,000.00  2,000.00

IPO Details Background Info Management Team Balance Sheet Income Statement Ratios Quarterly Results Quotes Technical High/Low

Pipavav Shipyard Ltd. : IPO Details SKIL House , 209 Bank Street Cross Lane , Fort , Mumbai , Maharashtra - 400023 Phone: 66199000 Fax: 22656022   Public Issue of 85450225 Equity Shares of Rs 10 each for Cash at a Premium of Rs 50 per share.

Back

Industry Ship - Docks/Breakin BSE Code Not Listed Face Value Rs. 10.00 Non Execu Mr. Nikhil P Gandhi NSE Code Market Cap 0.00 Cr Group Not Applicable ISIN No Book Closure

Company Name Issue Size PriceBand Pipavav Shipyard Ltd. 5127013500 55-60

Issue Open Date Issue Closing Date Application Money Allotment Money 16/09/2009 18/09/2009 10 -

Lead Managers Registrar Listed at CITIGROUP GLOBAL MARKETS INDIA PVT LTD ENAM SECURITIES PVT LTD JM FINANCIAL CONSULTANTS PRIVATE LIMITED SBI CAPITAL MARKETS LIMITED KARVY COMPUTERSHARE PVT LTD Plot No. 17 to 24 , Vithalrao Nagar , Madhapaur , Hyderabad , Andhra Pradesh - 500086 Phone: 1-800-3454001 Fax: 23420814 BSE, NSE

Object of the issue The objects of the Issue are the following: . Construction of facilities for shipbuilding, ship repair and the Offshore Business; . Margin for working capital; and . General corporate purposes. The main objects clause and the objects incidental or ancillary to the main objects set out in our Memorandum of Association enable us to undertake our existing activities and the activities for which funds are being raised by us through this Issue. We intend to utilize the proceeds of the Issue after deducting the Issue related expenses (the _gNet Proceeds_h) for the purposes set forth above. The Net Proceeds are estimated at Rs. [*] million.

Project Cost (Rs.) Data Not available   Means of Finance (Rs.) Data Not available   Promoted by The following companies are the Promoters of the Company: 1. SKIL Infrastructure Limited; 2. Punj Lloyd Limited; and 3. Grevek Investments and Finance Private Limited. Promoter Group The companies that are part of the Promoter Group, apart from the Promoter companies mentioned are: 1. Gujarat Positra Port Company Limited; 2. SKIL Himachal Infrastructure and Tourism Limited; 3. Poseidon Infrastructure Limited; 4. Urban Infrastructure Holdings Private Limited; 5. SKIL Shipyard Holdings Private Limited; 6. Montana Infrastructure Limited (formerly, Montana Valves and Compressors Limited); 7. Horizon Country Wide Logistics Limited; 8. Atna Investments Limited; 9. PLN Construction Limited; 10. Punj Lloyd Industries Limited; 11. Spectra Punj Lloyd Limited; 12. Spectra Punjab Limited; 13. Simon Carves India Limited; 14. Punj Lloyd Infrastructure Limited; 15. Punj Lloyd Upstream Limited; 16. Punj Lloyd Aviation Limited; 17. PT Punj Lloyd Indonesia; 18. Punj Lloyd International Limited; 19. Punj Lloyd Kazakhstan LLP; 20. Punj Lloyd Pte Limited; 21. PT Sempec Indonesia; 22. Sembawang Engineers & Constructors Pte Limited; 23. Rajahmundry Expressway Limited; 24. Andhra Expressway Limited; 25. North Karnataka Expressway Limited; 26. Thiruvananthpuram Road Development Company Limited; 27. Arooshi Enterprises Private Limited; 28. Global Health Private Limited; 29. Dayim Punj Lloyd Construction Contracting Company Limited; 30. Kaefer Punj Lloyd Limited; 31. Ramprastha Punj Lloyd Developers Private Limited; 32. Cawdor Enterprises Limited; 33. Punj Lloyd Systems Limited; 34. Spectra ISP Networks Private Limited; 35. Punj Lloyd SKIL Marine Systems Limited; 36. Sembawang Infrastructure (India) Private Limited; and 37. Olive Group India Private Limited. Promoters 1. SKIL Infrastructure Limited SKIL was incorporated on February 20, 1990 as Sea King Engineers Limited. With effect from January 14, 1999, its name was changed to Sea King Infrastructure Limited. Its name was subsequently changed to SKIL Infrastructure Limited with effect from March 25, 2004. It commenced business on April 17, 1990. The main objects of the company include the business of import, export, manufacturing and trading of marine spares, general machinery parts, economizer steel studded tubes and aluminium guild tubes and investing, executing and operating infrastructure projects and real estate development. The principal business of the company is infrastructure development. SKIL has experience in the development of infrastructure projects in India, including the Pipavav Port, the Pipavav Railway and the Pipavav Link Road. The Pipavav Port was developed by Gujarat Pipavav Port Limited, an entity originally promoted by SKIL (now divested), as the first private sector port in India. SKIL's interests in each of the Pipavav Railway and the Pipavav Link Road were also divested in 2005. SKIL also initially led the development of the Mumbai Special Economic Zone as well as the Navi Mumbai Special Economic Zone. The company's registered office is located at SKIL House, 209 Bank Street Cross Lane, Fort, Mumbai - 400 023, Maharashtra, India. Its corporate office is located at 13/14, Khetan Bhawan, 198, Jamshedji Tata Road, Churchgate, Mumbai - 400 020, Maharashtra, India. Board of Directors The board of directors of SKIL as at the date of the Red Herring Prospectus comprises Mr. Nikhil P. Gandhi, Mr. Bhavesh P. Gandhi, Mr. N. Ravichandran, Mr. P. Krishnamurthy, Mr. B. P. Misra, Cmde V. G. Honnavar, Mr. A. Prasad and Mr. Santosh Senapati. Changes in management There have been no changes in management of SKIL in the last three years preceding the date of filing the Red Herring Prospectus. Shareholding Pattern The equity shareholding pattern of SKIL as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Metropolitan Industries (Represented by Mr. Nikhil P. 151,217,247 59.91 Gandhi & Mr. Bhavesh P. Gandhi) Montana Infrastructure Limited 91,187,635 36.13 Ashwini Infrastructure Private Limited 9,510,500 3.73 Mr. Prataprai Gandhi 433,433 0.17 Mr. Nikhil P. Gandhi 4,763 Negligible Ms. Rupali Gandhi 9,526 Negligible Mr. Bhavesh P. Gandhi 4,763 Negligible Ms. Neha Gandhi 4,763 Negligible Mr. Abhay Kumar Pandey 15,500 0.01 M2N2 Partners Limited 2,523,880 0.99 Total 254,912,010 100.0 The compulsorily convertible preference shareholding as of June 30, 2009 was as follows: Name of the Shareholders Number of preference shares held(1) Percentage of Shareholding Ashoka Investment Holdings Limited 15,385 76.92 Ambadevi Mauritius Holding Limited 4,615 23.08 Total 20,000 100.00 (1) Face value of each compulsorily convertible preference share is Rs.100,000. During the last six months, Ashwini Infrastructure Limited has transferred 15,500 equity shares to Mr. Abhay Kumar Pandey. Other than as set out above, there have been no changes in the capital structure in the past six months. Financial Performance The audited financial results of SKIL for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2006 2007 2008 Income/Sales 66.27 176.71 300.87 Profit (Loss) after Tax 22.96 35.68 64.80 Equity share capital 550.55 2,523.88 2,523.88 Reserves and surplus (excluding revaluation reserves)(1) 4,085.28 2,253.23 2,263.24 Earnings per share (Rs.) (2) 0.42 0.14 0.26 Diluted Earnings per share (Rs.) (2) 0.42 0.14 0.26 Net asset value or book value per share (Rs.) (2) 84.20 18.93 18.97 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. SKIL is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. Promoters of SKIL Infrastructure Limited The Promoters of SKIL are Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi. Other Information The details of SKIL's permanent account number, registration number and the address of the Registrar of Companies in Mumbai, Maharashtra are as follows: Permanent account number AABCS7689F Registration Number 11-55506 Address of Registrar of Companies 100, Everest Building, Marine Drive, Mumbai - 400 002, Maharashtra 2. Punj Lloyd Limited Punj Lloyd was incorporated on September 26, 1988 as Punj Lloyd Engineering Private Limited. With effect from July 11, 1989, the name of the company was changed to Punj Lloyd Private Limited. With effect from July 1, 1992, the word "private" was deleted from the name of the company pursuant to Section 43A (1A) of the Companies Act. Subsequently, the company became a public limited company on July 21, 1992. The equity shares of the company were listed on the BSE and the NSE with effect from January 6, 2006. Punj Lloyd primarily provides engineering, procurement, general construction and project management services for energy and infrastructure projects in India or abroad. Its registered office is located at Punj Lloyd House, 17-18 Nehru Place, New Delhi - 110 019. The details of Punj Lloyd's permanent account number, registration number and the address of the Registrar of Companies, Delhi and Haryana in New Delhi are as follows: Permanent account number AAACP0305Q Company Identification Number L74899DL1988PLC033314 Address of Registrar of Companies 4th Floor, IFCI Tower, 61, Nehru Place, New Delhi - 110019 Promoters of Punj Lloyd Limited The Promoters of Punj Lloyd are Mr. Atul Punj, Mr. S.N.P. Punj, Mr. Uday Punj and Cawdor Enterprises Limited. Board of Directors The board of directors of Punj Lloyd as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. V. K. Kaushik, Mr. L. Chhabra, Mr. P. K. Gupta, Mr. Sanjay Bhatnagar, Mr. Niten Malhan, Mr. Scot Bayman, Dr. Naresh K. Trehan and Mr. Phiroz Vandrevala. Changes in management There have been no changes in management of Punj Lloyd in the last three years preceding the date of filing the Red Herring Prospectus. Shareholding Pattern The shareholding pattern of Punj Lloyd as of June 30, 2009 was as follows: Number of Name of the Shareholder Shareholders A. Shareholding of Promoter and Promoter Group (1) Indian Individuals/HUF 13 Atul Punj Indu Rani Punj/ Satya Narain Prakash Punj Satya Narain Prakash Punj/ Indu Rani Punj Uday Punj (HUF) Manglam Punj/Uday Punj Uday Punj/ Manglam Punj Uday Punj Arti Singh Jyoti Punj Manglam Punj Atul Punj (HUF) Jai Punj Dev Punj Navina Punj Bodies Corporate 6 Spectra Punj Finance Private Limited K R Securities Private Limited PLE Hydraulics Private Limited Vishvdeva Builders and Promoters Private Limited PTA Engineering and Manpower Services Private Limited Special Steel Forgings Private Limited (2) Foreign Individuals 1 Atul Punj Bodies Corporate 1 Cawdor Enterprises Limited Total Shareholding of Promoter and Promoter Group B. Public Shareholding (1) Institutions Mutual Funds/UTI 70 Financial Institutions/Banks 33 Foreign Institutional Investors 95 Foreign Venture Capital Investors 1 (2) Non-Institutions Bodies Corporate 2,626 Individuals Individual shareholders holding 277,153 nominal share capital up to 1 lakh Individual shareholders holding 17 nominal share capital in excess of 1 lakh Clearing members 660 Trusts 14 Non Resident Indians 4,368 Foreign Nationals 2 Total Public Shareholding C. Shares held by Custodians and - against which Depository Receipts have been issued TOTAL (A+B+C) Number of equity shares % of issued capital 1,430,540 0.47 10,217,065 3.37 10,266,138 3.38 820,246 0.27 1,090,353 0.36 869,935 0.29 1,862,211 0.61 483,600 0.16 501,725 0.17 1280 Negligible 820 Negligible 335 Negligible 335 Negligible 5,000 Negligible 21,973,250 7.24 1,082 Negligible 40 Negligible 110 Negligible 40 Negligible 15 Negligible 1,430,540 0.47 75,691,430 24.94 125,215,550 41.26 47,677,143 15.71 6,109,350 2.01 46,984,613 15.48 9,675,851 3.19 20,017,573 6.60 33,694,465 11.10 10,507,105 3.46 1,573,607 0.52 39,699 0.01 2,014,807 0.66 112 Negligible 178,294,325 58.74 - - 303,509,875 100.0 In the six months preceding the date of the Red Herring Prospectus, 46,340 shares of Punj Lloyd have been allotted pursuant to employee stock option plans. Financial Performance The audited financial results of Punj Lloyd for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2007 2008 2009 Income/Sales 23,054.78 45,417.56 69,556.17 Profit (Loss) after Tax 615.85 2,214.42 3,210.97 Equity share capital 522.52 606.89 606.96 Reserves and surplus (excluding revaluation 23,739.01 25,432.59 (1) 10,461.95 reserves) Earnings per share (Rs.)(2) 2.36 7.81 10.58 Diluted Earnings per share (Rs.)(2) 2.19 7.39 10.31 Net asset value or book value per share (Rs.)(2) 42.26 83.23 85.80 (1) Net of miscellaneous expenditure not written off. (2) With effect from March 6, 2007, Punj Lloyd sub-divided the face value of each equity share from Rs.10 to Rs.2. Punj Lloyd has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. Details of listing and highest and lowest market price during the preceding six months The equity shares of Punj Lloyd are listed at the BSE and the NSE. Monthly high and low price of the equity shares of Punj Lloyd at BSE and NSE in the last six months Month BSE High (Rs.) Low (Rs.) August 2009 274.90 265.60 July 2009 255.00 171.40 June 2009 234.50 176.00 May 2009 207.75 118.05 April 2009 136.00 88.50 March 2009 94.40 66.65 NSE High (Rs.) Low (Rs.) 275.3 265.5 256.00 171.25 235.00 174.60 208.45 118.00 135.60 88.60 94.40 66.05 Source: www.bseindia.com; www.nse-india.com. The closing share price of Punj Lloyd was Rs.260.55 and Rs.260.55 on the BSE and the NSE, respectively, as on September 4, 2009. 1. In fiscal 2006, Punj Lloyd completed an initial public offering of 9,172,937 equity shares (face value of Rs.10) at a price of Rs.700 per share aggregating Rs.6,421,055,900 comprising a fresh issue of 8,355,174 equity shares and an offer for sale of 817,763 equity shares by the existing shareholders. The issue opened on December 13, 2005 and closed on December 16, 2005. The rate of dividend for the year ended March 31, 2009 is 15%, i.e., Re.0.30 per share. 2. PLL completed a Foreign Currency Convertible Bonds ("FCCB") issue in April 2006. PLL has issued at par, Zero Coupon US$ denominated FCCBs with a maturity of 5 years and 1 day aggregating to US$125,000,000 (Rs.5,543,750,000 as on the date of issue) comprising 1,250 bonds of US$100,000 each to invest in capital goods, repayment of international debts, possible acquisitions outside India, investment in BOOT projects and any other use as may be permitted under applicable law or by the regulatory bodies from time to time. The bond holders have an option of converting these bonds into equity shares at an initial conversion price of Rs.1,362.94 per share (face value of Rs.10) with a fixed rate of exchange conversion of Rs.44.35 = US$1.00, at any time on or after July 1, 2006 and prior to close of business on March 24, 2011, unless redeemed, repurchased and cancelled or converted. After the sub-division of face value shares of PLL from Rs.10 to Rs.2, the conversion price was accordingly adjusted. As of July 31, 2009, 12,251,270 equity shares of Rs.2 each of the above had been allotted upon conversion of FCCBs for an amount of US$ 75,300,000. 3. In August 2007, PLL also issued 29,600,000 equity shares of Rs.2 each at a price of Rs.275 per equity share, including premium of Rs.273 per equity share, aggregating Rs.8,140,000,000 to QIBs pursuant to Chapter XIIIA of the SEBI Guidelines. 4. PLL has allotted 577,945 shares to eligible employees under its Employee Stock Option Plans 2005 and 2006. In August 2009, PLL completed a Qualified Institutions Placement under Chapter XIIIA of the SEBI Guidelines for 27,900,920 equity shares of Rs.2 each at a price of Rs.240.20 per equity share, including a premium of Rs.238.20 per equity share, aggregating Rs.6,701,800,984. The objects of PLL's initial public offering were listing of the equity shares on the stock exchanges and to finance purchase of capital equipment, prepayment of debt, project related investments and general corporate purposes. The objects mentioned in the offer document to the initial public offer have been achieved. As on December 31, 2006, the funds raised in the public issue had been completely utilized. The statement of utilization of funds is as given below: Particulars Amount (Rs. in million) Gross Proceeds of the Fresh Issue 5,848.6 Less: Offer related Expenses 305.1 Total Funds Available from IPO (Net of Issue Expenses) 5,543.5 Total Fund Utilized out of IPO Proceeds A Funds utilized for Equipment 1,485.2 B Prepayment of Debt 3,064.2 C Equity Investment in Subsidiary 453.3 D General Corporate Purposes 540.8 Total (A+B+C+D) 5,543.5 Balance NIL The proceeds for the other securities offerings were used as disclosed in the respective offer documents. Mechanism for Redressal of Investor Grievance Karvy Computershare Private Limited is the Share Transfer Agent of Punj Lloyd for both electronic as well as physical fshares. The complaints/correspondence are received at various branches of Karvy Computershare Private Limited across India and also directly by Punj Lloyd. Generally, a response is provided to the complaints/ correspondence within a week of receipt. During the period from October 1, 2008 to June 30, 2009, 68 investor complaints were received, all of which were duly redressed. 3. Grevek Investments and Finance Private Limited Grevek Investments and Finance Private Limited was incorporated on January 6, 1993. The company was established for the purpose of investment in shares, stocks, bonds, mortgages, for financing various organizations and acting as financial advisors. Its registered office is located at 511, Vyapar Bhavan, 49 P. D'Mello Road, Carnac Bunder, Mumbai - 400 009. Board of Directors The board of directors of Grevek Investments as of the date of the Red Herring Prospectus comprises Mr. Prataprai Gandhi, Mr. Manoj Mehta, Mrs. Neha Gandhi and Mrs. Rupali Gandhi. Changes in management There have been no changes in management of Grevek Investments in the last three years preceding the date of filing the Red Herring Prospectus. Shareholding Pattern The shareholding pattern of Grevek Investments as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Metropolitan Industries (Represented by Mr. Nikhil P. 2,250,000 17.53 Gandhi & Mr. Bhavesh P. Gandhi) Montana Infrastructure Limited 8,000,000 62.34 Horizon India Batteries Limited 180,000 1.40 Starwort Engineers Private Limited 1,260,000 9.82 Awaita Properties Private Limited 1,144,000 8.91 Total 12,834,000 100.0 There have been no changes in the capital structure in the past six months other than as set forth below: 1. Transfer of 3654000 equity shares from Hina Infrastructure Private Limited to Starwort Engineers Private Limited, Montana Infrastructure Limited and Awaita Properties Private Limited pursuant to an agreement dated March 31, 2009. Grevek Investments is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding- up order or petition. It does not have a negative net worth. Financial Performance The audited financial results of Grevek Investments for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 123.77 0.34 25.66 Profit (Loss) after Tax 9.29 (13.54) 12.37 Equity share capital 50.00 50.00 50.00 Reserves and surplus (excluding revaluation reserves)(1) 70.44 56.68 68.00 Earnings per share (Rs.) (2) 1.86 - 2.47 Diluted Earnings per share (Rs.) (2) 1.09 - 1.45 Net asset value or book value per share (Rs.) (2) 24.08 21.34 23.60 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Promoters of Grevek Investments The Promoters of Grevek Investments are Montana Infrastructure Limited (formerly known as Montana Valves and Compressors Limited) and Metropolitan Industries (represented by Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi). Other Information The details of Grevek Investments' permanent account number, registration number and the address of the Registrar of Companies in Mumbai, Maharashtra are as follows: Permanent account number AAACG2968G Registration Number 11-70326 Address of Registrar of Companies 100, Everest Building, Marine Drive, Mumbai - 400 002, Maharashtra. The permanent account numbers, bank account numbers, registration numbers and addresses of the relevant registrar of companies of our Promoters have be submitted to the BSE and NSE at the time of filing the Draft Red Herring Prospectus. Persons Holding Controlling Interest in the Promoters These individuals are neither Promoters nor part of the Promoter Group although they have been additionally described in this section. 1. SKIL Infrastructure Limited and Grevek Investments and Finance Private Limited Mr. Nikhil P. Gandhi (including through his relatives) ultimately holds the controlling interest in SKIL and Grevek Investments, which are Promoters of the Company. Such controlling interest is exercised through Metropolitan Industries (a partnership firm represented by Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi), Montana Infrastructure Limited and Sea King Marine Services (a partnership firm). For further details on Metropolitan Industries (represented by Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi) and Montana Infrastructure Limited, see pages 181 and 152 of the section "Our Promoters and Promoter Group Companies" in the Red Herring Prospectus. Sea King Marine Services is a partnership firm controlled by the relatives of Mr. Nikhil P. Gandhi and is one of the intermediaries through which control is exercised over Montana Infrastructure Limited. The details of Nikhil P. Gandhi are as follows: Identification Details Voter ID Number NA Driving Licence Number NA PAN AABPG9516A For further details on Mr. Nikhil P. Gandhi, see the section "Our Management - Brief Profile of the Directors" beginning on page 124 of the Red Herring Prospectus. 2. Punj Lloyd Limited Mr. Atul Punj (including through his relatives) ultimately holds the controlling interest in Punj Lloyd Limited, a Promoter of the Company. Such controlling interest is exercised through Cawdor Enterprises Limited and Spectra Punj Finance Private Limited. For further details on Cawdor Enterprises Limited, see page 176 of the section "Our Promoters and Promoter Group Companies" in the Red Herring Prospectus. Mr. Atul Punj holds 99.84% of the paid-up capital of Spectra Punj Finance Private Limited which is one of the intermediaries through which control is exercised over Punj Lloyd Limited. The photograph, voter ID number and driving license number of Mr. Atul Punj are set forth below. Identification Details Voter ID Number SJE0747279 Driving Licence Number P02112007143988 PAN AAFPP1942D For further details on Mr. Atul Punj, see the section "Our Management - Brief Profile of the Directors" beginning on page 125 of the Red Herring Prospectus. Promoter Group The details of the companies and other entities that form part of the Promoter Group are as follows: 1. Gujarat Positra Port Company Limited Gujarat Positra Port Company Limited was incorporated on July 22, 1998. It received its Certificate of Commencement of Business on August 7, 1998. The company was established for the purpose of construction and development of ports. It has yet to commence business. Its registered office is located at 905, 906, Sakar II, Ellis Bridge Corner, Ellis Bridge, Ahmedabad - 380 006, Gujarat. Board of Directors The board of directors of Gujarat Positra Port Company Limited as at the date of the Red Herring Prospectus comprises Mr. Sanjay Doshi, Mr. Chetan Kothari and Ms. Sanjita Doshi. Financial Performance The audited financial results of Gujarat Positra Port Company Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales - - - Profit (Loss) after Tax - - - Equity share capital 0.50 0.50 737.42 Reserves and surplus (excluding revaluation reserves)(1) 0.44 0.44 0.44 Earnings per share (Rs.) (2) - - - Diluted Earnings per share (Rs.)(2) - - - Net asset value or book value per share (Rs.)(2) 18.23 18.23 10.01 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Gujarat Positra Port Company Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Mr. Sanjay. M. Doshi 100 Negligible Mr. Chetan.V. Kothari 100 Negligible Ms. Sanjita S. Doshi 100 Negligible Mr. Atul Desai 100 Negligible Ms. Deepali Desai 100 Negligible Mr. Jitubhai Mehta 100 Negligible Ms. Parina Mehta 100 Negligible SKIL Infrastructure Limited 40,239,980 48.39 Horizon Infrastructure Limited 17,687,941 21.27 Visionfirst Capital Limited 25,231,977 30.34 Total 83,160,598 100.00 There have been no changes in the capital structure in the past six months other than as set forth below: 1. Transfer of 15,813,227 equity shares from Horizon Infrastructure Limited to Visionfirst Capital Limited on March 31, 2009. Gujarat Positra Port Company Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 2. SKIL Himachal Infrastructure and Tourism Limited SKIL Himachal Infrastructure and Tourism Limited was incorporated on December 16, 2005 and it commenced business on October 27, 2006. SKIL Himachal Infrastructure and Tourism Limited was established to carry on the business of infrastructure and tourism related activities. Its registered office is located at C-11 Qutub Institutional Area, New Delhi - 110 016. Board of Directors The board of directors of SKIL Himachal Infrastructure and Tourism Limited as at the date of the Red Herring Prospectus comprises Mr. Nikhil P. Gandhi, Mr. N. Ravichandran, Mr. A.P. Rai and Mr. Sachin Shridhar. Financial Performance The audited financial results of SKIL Himachal Infrastructure and Tourism Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the year/period ended October-December January 1-March April 1, 2007 - 2006 31, 2007 March 31, 2008 Income/Sales - - - Profit (Loss) after Tax - - - Equity share capital 0.50 0.50 0.50 Reserves and surplus (excluding revaluation reserves) (1) - - - Earnings per share (Rs.) (2) - - - Diluted Earnings per share (Rs.) (2) - - - Net asset value or book value per share (Rs.) (2) 9.22 9.22 (57.81) (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of SKIL Himachal Infrastructure and Tourism Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Mr. Ashok Pratap Rai 100 0.001 Mr. Hemendra Singh 100 0.001 Mr. Mir Taqi Ali Khan 100 0.001 Mr. Munish Khullar 100 0.001 Mr. Rudra Kumar Singh 100 0.001 Mr. Anil Kaula 100 0.001 Mr. Manish Rai 100 0.001 SKIL 47,049,300 99.98 Total 47,050,000 100.0 There have been no changes in the capital structure in the past six months. SKIL Himachal Infrastructure and Tourism Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 3. Poseidon Infrastructure Limited Poseidon Infrastructure Limited was incorporated on January 20, 1998 as Pipavav LNG and Power Limited. With effect from July 9, 1998 the name of the company was changed to Gujarat Pipavav LNG Company Limited and subsequently to Poseidon Infrastructure Limited on February 25, 2002. The company was initially engaged in the business of setting up of Liquefied Natural Gas (LNG) import and regasification terminals. Subsequently, the company relinquished its development rights in favour of British Gas. Subsequent to 2002, the company changed the nature of its business and is currently engaged in the business of infrastructure development and related activities. Its registered office is located at 905, 906, Sakar II, Ellis Bridge Corner, Ellis Bridge, Ahmedabad - 380 006, Gujarat. Board of Directors The board of directors of Poseidon Infrastructure Limited as at the date of the Red Herring Prospectus comprises Mr. V. G. Honnavar, Mr. Anil Kaula and Mr. Hemendra Singh. Financial Performance The audited financial results of Poseidon Infrastructure Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales NA NA NA Profit (Loss) after Tax NA NA NA Equity share capital 0.50 0.50 0.50 Reserves and surplus (excluding revaluation reserves)(1) Nil Nil Nil Earnings per share (Rs.) (2) NA NA NA Diluted Earnings per share (Rs.) (2) NA NA NA Net asset value or book value per share (Rs.) (2) 7.26 6.91 6.56 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Poseidon Infrastructure Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital SKIL 49,400 98.8 Cmde V. G. Honnavar jointly with SKIL 100 0.2 Mr. Kautilya P. Vohra jointly with SKIL 100 0.2 Mr. C.V. Dikshith jointly with SKIL 100 0.2 Mr. Paresh S. Davey jointly with SKIL 100 0.2 Mr. Kiran Patel jointly with SKIL 100 0.2 Mr. Dilip C. Mehta jointly with SKIL 100 0.2 Total 50,000 100.0 There have been no changes in the capital structure in the past six months. Poseidon Infrastructure Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 4. Urban Infrastructure Holdings Private Limited Urban Infrastructure Holdings Private Limited was incorporated on June 28, 2005 as SKIL SEZ Infrastructure Holdings Private Limited. With effect from March 22, 2006, the name of the company was changed to Urban Infrastructure Holdings Private Limited. The company was established to carry on the business of infrastructure facilities and services including cities, towns, roads, ports, airports, airways, railways, tramways, mass rapid transport systems, cargo movement and management systems, industrial estates, residential houses, green parks, relating port infrastructure environmental protection and pollution control, transport, public utilities, municipal services, clearing house agency and stevedoring services and creation of infrastructure facilities and services including telecommunication, cell services, satellite communication and networking. The registered office of the company is located at Jai Centre, 1st Floor, 34 P. D'Mello Road, Opposite Red Gate, Mumbai - 400 009. Board of Directors The board of directors of Urban Infrastructure Holdings Private Limited as at the date of the Draft Red Herring Prospectus comprises Mr. Nikhil P. Gandhi, Mr. Bhavesh P. Gandhi, Mr. P. Krishnamurthy, Mr. Rohit C. Shah and Mr. Gotam Kothari. Financial Performance The audited financial results of Urban Infrastructure Holdings Private Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 125.39 128.18 125.23 Profit (Loss) after Tax 53.49 (13.39) 34.42 Equity share capital 621.55 621.55 1,000.10 Reserves and surplus (excluding revaluation(1) 53.49 40.10 71.29 reserves) Earnings per share (Rs.) (2) 1.34 (0.22) 0.42 Diluted Earnings per share (Rs.) (2) 0.86 (0.14) 0.15 Net asset value or book value per share (Rs.) (2) 10 10.64 10.71 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Urban Infrastructure Holdings Private Limited as of June 30, 2009 was as follows: Name of Shareholder Number of Shares % of issued capital SKIL 124,160,000 35.00 Others 230,582,856 65.00 Total 100,010,000 100.00 There have been no changes in the capital structure in the past six months. Urban Infrastructure Holdings Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 5. SKIL Shipyard Holdings Private Limited SKIL Shipyard Holdings Private Limited was incorporated on August 16, 2005. The company was established for the purpose of carrying on the business of promoting, developing, building, creating, operating, owning infrastructure facilities including roads, ports, mass rapid transport systems, cargo movements and shipyard management system, cargo handling equipments, water supply relating to port infrastructure, environmental protection and pollution control and various other infrastructural services. Its registered office is located at SKIL House, 209, Bank Street Cross Lane, Fort, Mumbai - 400 023. Board of Directors The board of directors of SKIL Shipyard Holdings Private Limited as at the date of the Red Herring Prospectus comprises Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi. Financial Performance The audited financial results of SKIL Shipyard Holdings Private Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales - - - Profit (Loss) after Tax - - - Equity share capital 0.10 0.10 0.10 Reserves and surplus (excluding revaluation reserves)(1) - - - Earnings per share (Rs.)(2) - - - Diluted Earnings per share (Rs.)(2) - - - Net asset value or book value per share (Rs.)(2) 8.21 7.65 6.59 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of SKIL Shipyard Holdings Private Limited as of June 30, 2009 was as follows: Name of Shareholder Number of Shares % of issued capital SKIL 9,998 99.9 Mr. Nikhil P. Gandhi 1 Negligible Mr. Bhavesh P. Gandhi 1 Negligible Total 10,000 100.00 There have been no changes in the capital structure in the past six months. SKIL Shipyard Holdings Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth 6. Montana Infrastructure Limited Montana Infrastructure Limited was originally incorporated on December 9, 1991 as Montana Valves and Compressors Private Limited. With effect from March 2, 1995, the status of the company was changed to a public limited company and the name of the company was changed to Montana Valves and Compressors Limited. With effect from August 25, 2008, the name of the company was changed to Montana Infrastructure Limited. The company was established for manufacturing, assembling, repairing, buying, selling, exchanging, altering, importing, exporting, letting on hire, distributing or dealing in all kinds of valves, compressors and components and to carry on all types of infrastructure, projects facilities, activities or works and to make investments in the aforesaid related activities carried on by other companies. Its registered office is located at 905, 906, Sakar II, Ellis Bridge Corner, Ellis Bridge, Ahmedabad - 380 006, Gujarat. Board of Directors The board of directors of Montana Infrastructure Limited as at the date of the Red Herring Prospectus comprises Mr. Chetan Kothari, Mr. Devichand Nimade and Mr. Nautam Shah. Financial Performance The audited financial results of Montana Infrastructure Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 3.750 0.225 - Profit (Loss) after Tax (0.017) (0.86) (0.98) Equity share capital 29.15 29.15 29.15 Reserves and surplus (excluding revaluation reserves)(1) 1.70 0.84 (0.19) Earnings per share (Rs.)(2) 0.01 - - Diluted Earnings per share (Rs.) (2) 0.01 - - Net asset value or book value per share (Rs.)(2) 10.58 10.29 9.94 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Montana Infrastructure Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Mr. Amitabh A. Ray 100 0.00 Mr. Ashwin N. Shah 1,150 0.04 Blue Water Marine Industries Limited 765,000 26.24 Mr. Chetan Kothari 100 0.00 Chimanlal C. Sanghavi (HUF) 1,500 0.05 Dhirajlal C. Shah (HUF) 1,500 0.05 Mr. Hitesh R. Shah 100 0.00 Mr. Kamlesh S. Sheth 1,750 0.06 Mr. Kiran Patel 100 0.00 Metropolitan Industries (Represented by Mr. Nikhil P. 1,072,100 36.78 Gandhi & Mr. Bhavesh P. Gandhi) Modern Engineering Industries 42,500 1.46 Mr. Samir S. Sheth 1,600 0.05 Mr. Sanjay S. Sheth 1,500 0.05 Sea King Marine Services 1,011,000 34.68 Vipla Organics Private Limited 15,000 0.51 Total 2,915,000 100.00 There have been no changes in the capital structure in the past six months. Montana Infrastructure Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 7. Horizon Country Wide Logistics Limited Horizon Country Wide Logistics Limited was incorporated on June 7, 2007 as Nhava Seva Distriparks Limited. With effect from October 17, 2007, its name was changed to Horizon Country Wide Logistics Limited. It received its Certificate for Commencement of Business on July 27, 2007. The company was established for the purpose of carrying on all type of infrastructure projects, facilities or works for logistics project and related infrastructure. It has yet to commence business. Its registered office is located at 13/14, Khetan Bhavan, 198, Jamshedji Tata Road, Churchgate, Mumbai - 400 020. Board of Directors The board of directors of Horizon Country Wide Logistics Limited as at the date of the Red Herring Prospectus comprises Mr. Nikhil P. Gandhi, Mr. N. Ravichandran, Mr. Jigar Shah, Mr. Mahesh Gandhi, Mr. Ajay Khera, Mr. Daniel Anderson and Mr. Dinesh Choudhary. Financial Performance The audited financial results of Horizon Country Wide Logistics Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2006 2007 2008 Income/Sales N.A. N.A. 7.93 Profit (Loss) after Tax N.A. N.A. 1.02 Equity share capital N.A. N.A. 703.45 Reserves and surplus (excluding revaluation reserves)(1) N.A. N.A. 1.02 Earnings per share (Rs.)(2) N.A. N.A. 0.001 Diluted Earnings per share (Rs.)(2) N.A. N.A. 0.001 Net asset value or book value per share (Rs.)(2) N.A. N.A. 10.01 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Horizon Country Wide Logistics Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital SKIL Infrastructure Limited 63,295,494 46.40 Citadel MT Trading Ltd. 33,428,480 24.50 Credit Suisse (Singapore) Limited 8,768,520 6.43 Trinity Capital (Four) Limited 30,917,210 22.66 Mr. N. Ravichandran 1 Negligible Mr. Jigar Shah 1 Negligible Mr. Sumit Mehta 1 Negligible Mr. Dinesh Choudhary 1 Negligible Mr. Devichand Nimade 1 Negligible Mr. R.K. Vijayan 1 Negligible TOTAL 136,409,710 100.0 There have been no changes in the capital structure in the past six months. Horizon Country Wide Logistics Limited is an unlisted company and it has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 8. Atna Investments Limited Atna Investments Limited was incorporated as Atna Investments Private Limited on March 8, 1989. It is a wholly owned subsidiary of Punj Lloyd. On July 28, 2000, the company became a deemed public company under the Companies Act and the word "private" was deleted from its name. The company subsequently became a public limited company and its name was changed to Atna Investments Limited with effect from August 29, 2003. It is engaged in the business of investing in the cable television business. Its registered office is located at 17, Nehru Place, New Delhi - 110019. Board of Directors The board of directors of Atna Investments Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra and Mr. Ravi Keswani. Financial Performance The audited financial results of Atna Investments Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2007 2008 2009 Income/Sales 0.01 0.01 0.01 Profit (Loss) after Tax (21.44) (0.05) (11.89) Equity share capital 39.92 39.92 39.92 Reserves and surplus (excluding revaluation reserves)(1) (23.34) (23.39) (35.29) Earnings per share (Rs.)(2) (53.71) (0.13) (29.80) Diluted Earnings per share (Rs.)(2) (53.58) (0.13) (29.80) Net asset value or book value per share (Rs.)(2) 41.52 41.40 11.60 (1) Net of miscellaneous expenditure not written off. The share capital of Atna Investments Limited has been reorganized pursuant to the scheme of arrangement and demerger among Punj Lloyd, Spectra Net Limited and Atna Investments Limited. (2) Face value of each equity share is Rs.100. Shareholding Pattern The shareholding pattern of Atna Investments Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 399,215 99.99 Punj Lloyd/Mr. Atul Punj(1) 1 Negligible Punj Lloyd/Mr. Vimal Kishore Kaushik(1) 1 Negligible Punj Lloyd/Mr. Dinesh Thairani (1) 1 Negligible Punj Lloyd/Mr. Ravi Keswani(1) 1 Negligible Punj Lloyd/Mr. Raju Kaul (1) 1 Negligible Punj Lloyd/Mr. Luv Chhabra(1) 1 Negligible TOTAL 399,221 100.0 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in the capital structure in the past six months. Atna Investments Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 9. PLN Construction Limited PLN Construction Limited was incorporated on July 7, 1997 as PLN Construction Private Limited. On July 21, 1999, the company became a deemed public company under the Companies Act and the word "private" was deleted from its name. The word "private" was added to the company's name under Section 43A (2A) pursuant to the Companies (Amendment) Act, 2000 with effect from January 23, 2002. The company subsequently became a public limited company and its name was changed to PLN Construction Limited with effect from February 3, 2005. It is a wholly owned subsidiary of Punj Lloyd and is engaged in the business of execution of horizontal directional drilling contracts. Its registered office is located at 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of PLN Construction Limited as at the date of the Red Herring Prospectus comprises Mr. Vimal Kishore Kaushik, Mr. Ravi Keswani and Mr. Atul Kumar Jain. Financial Performance The audited financial results of PLN Construction Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2007 2008 2009 Income/Sales 322.46 482.85 251.10 Profit (Loss) after Tax 22.81 42.07 17.90 Equity share capital 20.00 20.00 20.00 Reserves and surplus (excluding revaluation reserves)(1) 71.83 113.90 131.80 Earnings per share (Rs.)(2) 11.40 21.04 8.95 Diluted Earnings per share (Rs.)(2) 11.40 21.04 8.95 Net asset value or book value per share (Rs.)(2) 45.91 66.95 75.90 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of PLN Construction Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 1,999,994 99.99 Punj Lloyd/Mr. Atul Punj(1) 1 Negligible Punj Lloyd /Mr. Vimal Kishore Kaushik(1) 1 Negligible Punj Lloyd / Mr. Luv Chhabra(1) 1 Negligible Punj Lloyd / Mr. Raju Kaul(1) 1 Negligible Punj Lloyd / Mr. Ravi Keswani(1) 1 Negligible Punj Lloyd / Mr. Dinesh Thairani(1) 1 Negligible Total 2,000,000 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in the capital structure in the past six months. PLN Construction Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 10. Punj Lloyd Industries Limited Punj Lloyd Industries Limited was incorporated on August 19, 1993 as Wonder World Toys Private Limited. With effect from March 15, 1999, the name of the company was changed to Spectra Infrastructure Private Limited and with effect from February 23, 1999, the company became a deemed public company under the Companies Act and the word "private" was deleted from its name. The company subsequently became a public limited company on August 29, 2003. With effect from October 12, 2007, the name of the company was changed to Punj Lloyd Industries Limited. It is a wholly owned subsidiary of Punj Lloyd and will undertake the business of manufacture and assembly of defence equipment. Its registered office is located at 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Punj Lloyd Industries Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Ravi Keswani and Mr. Dinesh Thairani. Financial Performance The audited financial results of Punj Lloyd Industries Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales 0.84 0.84 1.09 Profit (Loss) after Tax 0.45 0.50 (0.38) Equity Share Capital 115.00 115.00 115.00 Reserves (excluding revaluation reserves)(1) 0.05 0.54 0.16 Earnings per share (Rs.)(2) 0.04 0.04 (0.03) Diluted Earnings per share (Rs.)(2) 0.04 0.04 (0.03) Book Value per share (Rs.)(2) 10.00 10.05 10.01 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Punj Lloyd Industries Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 11,500,194 99.99 Punj Lloyd / Mr. Atul Punj(1) 1 Negligible Punj Lloyd / Mr. Vimal Kishore Kaushik(1) 1 Negligible Punj Lloyd / Mr. Raju Kaul(1) 1 Negligible Punj Lloyd / Mr. Ravi Keswani (1) 1 Negligible Punj Lloyd / Mr. Dinesh Thairani (1) 1 Negligible Punj Lloyd / Mr. Luv Chhabra(1) 1 Negligible Total 11,500,200 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in the capital structure in the past six months. Punj Lloyd Industries Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 11. Spectra Punj Lloyd Limited Spectra Punj Lloyd Limited was incorporated on July 30, 1985 as Navyug Steels Limited. The company changed its name to Spectra Punj Lloyd Limited on October 18, 1994. The company is engaged in the business of operational leasing construction equipment of Punj Lloyd and manufacturing and supplying redimix concrete. Its registered office is located at Punj Lloyd House, 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Spectra Punj Lloyd Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. V. K. Kaushik and Mr. Sandeep Garg. Financial Performance The audited financial results of Spectra Punj Lloyd Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales 488.78 434.07 143.75 Profit (Loss) after Tax 0.73 (31.84) (7.37) Equity Share Capital 50.00 50.00 50.00 Reserves (excluding revaluation reserves)(1) 68.36 33.53 28.69 Earnings per share (Rs.)(2) 0.15 (6.37) (1.47) Diluted Earnings per share (R s.)(2) 0.15 (6.37) (1.47) Book Value per share (Rs.)(2) 23.67 16.71 15.74 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Spectra Punj Lloyd Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 4,999,994 99.99 Name of the Shareholder Number of equity shares % of issued capital Ravi Keswani (1) 1 Negligible Raju Kaul (1) 1 Negligible DineshThairani(1) 1 Negligible Anoop Dawar(1) 1 Negligible Neeraj Matta(1) 1 Negligible Manhar Kapoor(1) 1 Negligible Total 5,000,000 100.0 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in the capital structure in the past six months. The equity shares of Spectra Punj Lloyd Limited were listed on the Delhi Stock Exchange Association Limited ("DSE"). However, the DSE, pursuant to a letter dated December 26, 2007, approved delisting of the shares of the company with effect from December 15, 2007. Spectra Punj Lloyd Limited has not completed any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 12. Spectra Punjab Limited Spectra Punjab Limited was incorporated on June 28, 2000. It obtained its certificate of commencement of business on July 5, 2000. It is a wholly owned subsidiary of Punj Lloyd. It was established to be an Internet service provider in Punjab and Chandigarh. Spectra Punjab Limited has not yet commenced operations. The registered office of the company is situated at House no. 999, 1st Floor, Sector 70, S.A.S. Nagar, Mohali. Board of Directors The board of directors of Spectra Punjab Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Dinesh Thairani and Mr. Brajesh C. Jain. Financial Performance The audited financial results of Spectra Punjab Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2006 2007 2008 Income/Sales - - - Profit (Loss) after Tax - - - Equity Share Capital 9.00 9.00 9.00 Reserves (excluding revaluation reserves)(1) - - - Earnings per share (Rs.)(2) - - - Diluted Earnings per share (Rs.)(2) - - - Book Value per share (Rs.)(2) - - - (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Spectra Punjab Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 899,940 99.99 Mr. Atul Punj (nominee of Punj Lloyd) 10 Negligible Mr. Vimal Kishore Kaushik (nominee of Punj Lloyd) 10 Negligible Mr. Ravi Keswani (nominee of Punj Lloyd) 10 Negligible Mr. Raju Kaul (nominee of Punj Lloyd) 10 Negligible Mr. Anupam Sharma (nominee of Punj Lloyd) 10 Negligible Mr. Dinesh Thairani (nominee of PunjLloyd)10 Negligible Total 900,000 100.00 There have been no changes in the capital structure in the past six months. Spectra Punjab Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding- up order or petition. It does not have a negative net worth. 13. Simon Carves India Limited Simon Carves India Limited was incorporated on December 13, 2006. It is a wholly owned subsidiary of Punj Lloyd and is principally engaged in the business of design and engineering services to all type of industries/sector. It obtained its certificate of commencement of business on January 18, 2007. The registered office of Simon Carves India Limited is located at Punj Lloyd House, 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Simon Carves India Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Vimal Kishore Kaushik and Mr. Luv Chhabra. Financial Performance The audited financial results of Simon Carves India Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales NA 354.45 805.92 Profit (Loss) after Tax NA 26.33 41.67 Equity Share Capital NA 50.50 50.50 Reserves (excluding revaluation reserves)(1) NA 28.28 69.95 Earnings per share (Rs.)(2) NA 7.79 8.25 Diluted Earnings per share (Rs.)(2) NA 7.79 8.25 Book Value per share (Rs.)(2) NA 19.59 27.36 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Simon Carves India Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 4,999,994 99.01 Mr. Atul Punj(1) 1 Negligible Mr. Vimal Kishore Kaushik(1) 1 Negligible Mr. Luv Chhabra(1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Ravi Keswani (1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Mr Sanjay Goel 50000 0.99 Total 5,050,000 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in capital structure in the past six months. Simon Carves India Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 14. Punj Lloyd Infrastructure Limited Punj Lloyd Infrastructure Limited was incorporated on April 4, 2007. It is a wholly owned subsidiary of Punj Lloyd and is principally engaged in the business to set up, promote the development, construction, establishment, management marketing and operation of a multi-product Special Economic Zone. It obtained its certificate of commencement of business on May 7, 2007. The registered office of Punj Lloyd Infrastructure Limited is located at 17-18, Nehru Place, New Delhi - 110019. Board of Directors The board of directors of Punj Lloyd Infrastructure Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Vimal Kishore Kaushik and Mr. Luv Chhabra. Financial Performance The audited financial results of Punj Lloyd Infrastructure Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March 31, 2007 2008 2009 Income/Sales NA 0.00 0.00 Profit (Loss) after Tax NA (42.81) (0.46) Equity Share Capital NA 0.50 0.50 Reserves (excluding revaluation reserves)(1) NA (42.81) (43.27) Earnings per share (Rs.)(2) NA (856.23) (9.12) Diluted Earnings per share (Rs.) (2) NA (856.23) (9.12) Book Value per share (Rs.)(2) NA (846.23) (855.35) (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Punj Lloyd Infrastructure Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 49,994 99.99 Mr. Atul Punj(1) 1 Negligible Mr. Vimal Kishore Kaushik(1) 1 Negligible Mr. Luv Chhabra(1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Ravi Keswani (1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Total 50,000 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in the capital structure in the past six months. Punj Lloyd Infrastructure Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 15. Punj Lloyd Upstream Limited Punj Lloyd Upstream Limited was incorporated on April 4, 2007. 58.05% of the equity share capital of Punj Lloyd Upstream Limited is owned by Punj Lloyd and the company is principally engaged in the business of exploration of oil and gas, onshore, in India and elsewhere and tapping oil and gas reserves. It obtained its certificate of commencement of business on May 4, 2007. The registered office of Punj Lloyd Upstream Limited is located at Punj Lloyd House, 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Punj Lloyd Upstream Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra and Mr. Vikram Walia. Financial Performance The audited financial results of Punj Lloyd Upstream Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales NA 0.12 41.09 Profit (Loss) after Tax NA (11.89) (3.13) Equity Share Capital NA 120.00 626.94 Reserves (excluding revaluation reserves)(1) NA (11.89) (13.90) Earnings per share (Rs.)(2) NA (0.99) (0.05) Diluted Earnings per share (Rs.)(2) NA (0.99) (0.05) Book Value per share (Rs.)(2) NA 9.01 9.78 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Punj Lloyd Upstream Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 36,397,344 58.05 Mr. Atul Punj(1) 1 Negligible Mr. Vimal Kishore Kaushik(1) 1 Negligible Mr. Luv Chhabra(1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Ravi Keswani (1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Mr. Vikram Walia 14,686,650 23.43 International Finance Corporation 11,610,000 18.52 Total 62694000 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. There have been no changes in capital structure in the past six months. Punj Lloyd Upstream Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 16. Punj Lloyd Aviation Limited Punj Lloyd Aviation Limited was incorporated on May 25, 2007 as Punj Lloyd Aviation Private Limited. It subsequently became a public limited company and its name was changed to Punj Lloyd Aviation Limited with effect from August 7, 2007. It is a wholly owned subsidiary of Punj Lloyd. It will undertake the business of providing services relating to aviation industry including aircraft maintenance. The registered office of Punj Lloyd Aviation Limited is located at 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Punj Lloyd Aviation Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra and Mr.Vimal Kishore Kaushik. Financial Performance The audited financial results of Punj Lloyd Aviation Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales NA 21.82 133.95 Profit (Loss) after Tax NA (6.59) (43.71) Equity Share Capital NA 349.98 539.99 Reserves (excluding revaluation reserves)(1) NA (6.59) (50.30) Earnings per share (Rs.)(2) NA (0.19) (0.81) Diluted Earnings per share (Rs.)(2) NA (0.19) (0.69) Book Value per share (Rs.)(2) NA 9.81 9.07 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Punj Lloyd Aviation Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 53,998,704 99.99 Mr. Atul Punj(1) 1 Negligible Mr. Vimal Kishore Kaushik(1) 1 Negligible Mr. Luv Chhabra(1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Ravi Keswani (1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Total 53998710 100.00 (1) The beneficial interest in and under such shares belongs exclusively to Punj Lloyd. In the past six months 19,000,310 equity shares of Rs.10 each has been allotted to Punj Lloyd Limited. Punj Lloyd Aviation Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 17. PT Punj Lloyd Indonesia PT Punj Lloyd Indonesia was incorporated on February 28, 1997. It is a wholly owned subsidiary of Punj Lloyd and is engaged in the business of procurement of engineering, procurement and construction contracts. Its registered office is located at 17th Floor, Suite 1708, Wisma GKBJ, JL, Jenderal Sudiraman No. 28, Jakarta - 10210 - Indonesia. Board of Directors The board of directors of PT Punj Lloyd Indonesia as at the date of the Red Herring Prospectus comprises Mr. P.K. Gupta, President Director, Mr. Manoj Soni, and Mr. Muhammad Hadi Bil'id. In addition, Mr. Atul Punj as Commissioner and Mr. Vimal Kishore Kaushik as President Commissioner, are representatives of the shareholders of PT Punj Lloyd Indonesia. Financial Performance The audited financial results of PT Punj Lloyd Indonesia for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales 2,841.62 1883.10 1418.35 Profit (Loss) after Tax 182.57 108.43 (317.27) Equity Share Capital 170.90 170.90 170.90 Reserves (excluding revaluation reserves)(1) 917.91 953.09 642.87 Earnings per share (Rs.)(2) 23,391.00 13,892.31(40,650.19) Diluted Earnings per share (Rs.)(2) 23,391.00 13,892.31(460,650.19) Book Value per share (Rs.)(2) 139,500 144008.94 104262.42 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is US$500. Shareholding Pattern The shareholding pattern of PT Punj Lloyd Indonesia as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 7,800 99.94 Mr. Atul Punj (nominee of Punj Lloyd) 5 0.06 Total 7,805 100.00 There have been no changes in the capital structure in the past six months. PT Punj Lloyd Indonesia is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 18. Punj Lloyd International Limited Punj Lloyd International Limited was incorporated on August 11, 1998 and is a wholly owned subsidiary of Punj Lloyd. It is principally engaged in the business of supply of material and equipment in the hydrocarbon sector. Its registered office is located at R.O. Tropic Isle Building, P.O. Box 438, Road Town, Tortola, British Virgin Islands. Board of Directors The board of directors of Punj Lloyd International Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj. Financial Performance The audited financial results of Punj Lloyd International Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March 31, 2007 2008 2009 Income/Sales 1.81 - - Profit (Loss) after Tax 0.07 (3.95) (2.23) Equity Share Capital 4.45 4.45 4.45 Reserves (excluding revaluation reserves)(1)32.35 26.83 32.73 Earnings per share (Rs.)(2) 0.65 (39.50) (22.35) Diluted Earnings per share (Rs.)(2) 0.65 (39.50) (22.35) Book Value per share (Rs.)(2) 367.98 312.85 371.80 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is US$1.00. Shareholding Pattern The shareholding pattern of Punj Lloyd International Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 100,000 100.00 Total 100,000 100.00 There have been no changes in the capital structure in the past six months. Punj Lloyd International Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It does not have a negative net worth. 19. Punj Lloyd Kazakhstan LLP Punj Lloyd Kazakhstan LLP was incorporated on June 3, 2002 and is a wholly owned subsidiary of Punj Lloyd. It is principally engaged in the construction and engineering business. Its registered office is located at Plot No. 7 A DSK Region, Atyrau - 060000, Republic of Kazakhstan. Board of Directors The board of directors of Punj Lloyd Kazakhstan LLP as at the date of the Red Herring Prospectus comprises Mr. Baldev Krishan Saini. Financial Performance The audited financial results of Punj Lloyd Kazakhstan LLP for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, 2007 2008 2009 Income/Sales 1,034.67 1120.49 2533.69 Profit (Loss) after Tax 3.33 (123.36) 19.10 Capital Stock 362.80 362.80 362.80 Reserves (excluding revaluation reserves)(1) 91.50 (75.99) (49.75) Earnings per share (Rs.)(2) - - - Diluted Earnings per share (Rs.)(2) - - - Book Value per share (Rs.)(2) - - - (1) Net of miscellaneous expenditure not written off. (2) Earnings per share and book value are not applicable since the company has only capital stock. Shareholding Pattern The shareholding pattern of Punj Lloyd Kazakhstan LLP as of June 30, 2009 was as follows: Name of the Shareholder Charter Capital (KZT) % of issued capital Punj Lloyd 1,107,977,200 100.00 Total 1,107,977,200 100.00 There have been no changes in the capital structure in the past six months. Punj Lloyd Kazakhstan LLP is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 20. Punj Lloyd Pte Limited Punj Lloyd Pte Limited was incorporated on March 28, 2006 as Creighton Pte Limited. It subsequently changed its name to Punj Lloyd Pte Limited on May 30, 2006. It is a wholly owned subsidiary of Punj Lloyd and is principally engaged in the business of engineering construction and investment holding. Its registered office is located at 60, Alexendra Terrace, #09-01, The Comtech (Lobby A) Singapore 118502. Board of Directors The board of directors of Punj Lloyd Pte Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra and Mr. P. K. Gupta. Financial Performance The audited financial results of Punj Lloyd Pte Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March31, (1) 2007 2008 2009 Income/Sales 3,333.23 3,216.26 4,593.54 Profit (Loss) after Tax 809.74 995.86 1,000.20 Capital 766.36 910.79 3,409.79 Reserves (excluding revaluation reserves)(2) 1,192.84 1,664.47 2,664.67 Earnings per share (Rs.) (3)3,520.64 3,643.21 1,744.50 Diluted Earnings per share (Rs.) (3) 3,520.64 3,643.21 1,744.50 Book Value per share(Rs.)(3)8,518.27 9,421.26 10,594.76 (1) Solely for convenience translation, at an exchange rate of Rs. 33.32 = 1 SGD for balance sheet items and for profit and loss items. These financial statements of Punj Lloyd Pte Limited have been translated into Rupees solely to comply with the requirements of Item VIII(G) of Part A of Schedule VIII to the SEBI Regulations. Investors should not rely on such translated amounts. The translation should not be considered as a representation that such USD amounts have been, could have been or could be converted into Rupees at any particular rate, the rate stated, or at all. (2) Net of miscellaneous expenditure not written off. (3) Face value of one equity share is SGD 1 and face value of the remaining shares is SGD 100. Shareholding Pattern The shareholding pattern of Punj Lloyd Pte Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 573,347 100.00 Total 573,347 100.00 There have been no changes in the capital structure in the past six months. Punj Lloyd Pte Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 21. PT Sempec Indonesia PT Sempec Indonesia was incorporated on September 20, 1994 in Indonesia as a construction company. It was established to carry on the business of contractors for construction work. Its registered office is located at Wisma, GKBI, 12th Floor, Suite 1209, JL Jendral, Sudiraman, No. 28, Jakarta, Pusat, Indonesia. Board of Directors The board of directors and commissioners of PT Sempec Indonesia as at the date of the Red Herring Prospectus comprises Mr. Vimal Kishore Kaushik (President Commissioner) Mr. Luv Chhabra (Commissioner), Mr. Pawan Kumar Gupta and Mr. Michael Tan Choy Seng. Financial Performance The audited financial results of PT Sempec Indonesia for the last three years are summarized below: (In million, except share data) For the period ending March 31, 2007 2008 2009 Income/Sales 1101.87 1897.70 776.01 Profit (Loss) after Tax 88.10 9.52 88.96 Capital 327.77 267.52 338.98 Reserves (excluding revaluation reserves)(1) (54.87) (7.23) (107.15) Earnings per share (Rs.) (2) 13.18 1.42 (13.31) Diluted Earnings per share (Rs.) (2) 13.18 1.42 (13.31) Book Value per share (Rs.) (2) 40.82 38.94 34.68 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is USD 1. Shareholding Pattern The shareholding pattern of PT Sempec Indonesia as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Sembawang Engineers & Constructors 6,484,758 97 Meindo Elang Indah, PT 200,000 3 Total 6,684,758 100.00 There have been no changes in the capital structure in the past six months. PT Sempec Indonesia is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 22. Sembawang Engineers & Constructors Pte Limited Sembawang Engineers & Constructors Pte Limited was incorporated on December 11, 1982 as Chartered Project Management Private Limited. Its name was subsequently changed to CDC - Construction & Development Pte. Ltd. on January 24, 1983, changed to Singapore Technologies Construction Pte. Ltd. on March 31, 1995, changed to Sembcorp Construction Pte. Ltd. on October 10, 1998, changed to Sembcorp Engineers and Constructors Pte. Ltd. on January 5, 2001, and changed to Sembawang Engineers and Constructors Pte. Ltd. on August 16, 2006. Sembawang Engineers & Constructors Pte Limited is principally engaged in the business of General Contractors (Building Construction Including Major Upgrading Works). Its registered office is located at 460 Alexander Road, PSA Building, #27-01, Singapore 119963. Board of Directors The board of directors of Sembawang Engineers & Constructors Pte Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra, Mr. Vimal Kishore Kaushik, Mr. P.K. Gupta, Mr. Richard Francis Grosvenor and Ms. Cheryl Lim Li Li. Financial Performance The audited financial results of Sembawang Engineers & Constructors Pte Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ending March 31, 2007 2008 2009 Income/Sales 9,773.20 9,015.70 23,071.84 Profit (Loss) after Tax 489.09 541.69 504.41 Capital 4,712.74 6,862.88 7,863.52 Reserves (excluding revaluation reserves)(1) (2,472.45) (1,996.36) (2,814) Earnings per share (Rs.)(2) 6.04 4.88 4.54 Diluted Earnings per share (Rs.)(2) 6.04 4.88 4.54 Book Value per share (Rs.)(2) 27.66 43.84 45.49 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is SGD 1. Shareholding Pattern The shareholding pattern of Sembawang Engineers & Constructors Pte Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Pte Limited 106100000 95.59 Novus LTI Limited 4900000 4.41 Total 111,000,000 100.00 There have been no changes in the capital structure in the past six months. Sembawang Engineers & Constructors Pte Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 23. Rajahmundry Expressway Limited Rajahmundry Expressway Limited was incorporated on September 21, 2001. It commenced business on October 3, 2001. It is engaged in the business of development, maintenance, operation and carrying out all activities related to the Rajahmundry-Dharmavaram Annuity Road Project. Its registered office is located at Alhuwalia Chambers, 16/17 LSC, Madangir, New Delhi - 110 062. Board of Directors The board of directors of Rajahmundry Expressway Limited as at the date of the Red Herring Prospectus comprises Mr. C.C. Dayal, Mr. Deepak Chauhan and Mr. Parag Parikh. Financial Performance The audited financial results of Rajahmundry Expressway Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2006 2007 2008 Income/Sales 596.88 639.57 659.67 Profit (Loss) after Tax 147.01 164.41 163.60 Equity share capital 290.00 290.00 290 Reserves and surplus (excluding revaluation reserves)(1) 229.39 393.97 557.73 Earnings per share (Rs.) (2) 5.07 5.67 5.64 Diluted Earnings per share (Rs.) (2) 5.07 5.67 5.64 Net asset value or book value per share (Rs.)(2) 17.91 23.59 29.23 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Rajahmundry Expressway Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd* 3,697,500 12.75 Gammon India Limited 11,092,500 38.25 Gammon Infrastructure Projects Limited 14,210,000 49.00 Total 29,000,000 100.00 * The beneficial ownership of 6.25% of the shareholding of Punj Lloyd belongs to Gammon India Limited. There have been no changes in the capital structure in the past six months. Rajahmundry Expressway Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 24. Andhra Expressway Limited Andhra Expressway Limited was incorporated on September 21, 2001. It commenced business on October 3, 2001 and is engaged in the business of development, maintenance, operation and carrying out all activities related to the Dharmavaram Tuni Annuity Road Project. Its registered office is located at Alhuwalia Chambers, 16/17 LSC, Madangir, New Delhi - 110 062. Board of Directors The board of directors of Andhra Expressway Limited as at the date of the Red Herring Prospectus comprises Mr. C.C. Dayal, Mr. Deepak Chauhan and Mr. Parag Parikh. Financial Performance The audited financial results of Andhra Expressway Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 565.25 595.15 618.67 Profit (Loss) after Tax 129.36 151.40 155.08 Equity share capital 290.00 290.00 290 Reserves and surplus (excluding revaluation reserves)(1) 249.08 400.65 555.89 Earnings per share (Rs.)(2) 4.46 5.22 5.34 Diluted Earnings per share (Rs.)(2)4.46 5.22 5.34 Net asset value or book value per share (Rs.) (2) 18.59 23.81 29.16 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Andhra Expressway Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd* 3,697,500 12.75 Gammon India Limited (including 50 shares jointly held 11,092,500 38.25 with certain individuals) Gammon Infrastructure Projects Limited 14,210,000 49.00 Total 29,000,000 100.00 * The beneficial ownership of 6.25% of the shareholding of Punj Lloyd belongs to Gammon India Limited. There have been no changes in the capital structure in the past six months. Andhra Expressway Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 25. North Karnataka Expressway Limited North Karnataka Expressway Limited was incorporated on October 15, 2001 as North Karnataka Expressway Private Limited. With effect from March 28, 2002, the name of the company was changed to North Karnataka Expressway Limited. It was established inter-alia to modify and/or takeover the Belgaum Maharashtra Border Road on NH4 and its ancillary facilities including the approach roads, minor and major bridges, flyovers, inter-changes, culverts, tunnels, links, buildings, toll booths, electric fittings, drains, waterways, etc. Its registered office is located at the IL&FS Financial Centre, Plot C-22, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Board of Directors The board of directors of North Karnataka Expressway Limited as at June 30, 2009 comprises Mr. V. K. Kaushik, Mr. R. C. Bawa, Mr. Pradeep Puri, Mr. Mukund Sapre and Mr. Cherian George. Financial Performance The audited financial results of North Karnataka Expressway Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2007 2008 2009 Income/Sales 1,025.13 1,034.06 1,036.99 Profit (Loss) after Tax 4.72 0.08 33.69 Equity share capital 593.91 593.91 593.91 Reserves and surplus (excluding revaluation reserves)(1) 20.90 21.72 55.41 Earnings per share (Rs.)(2) 0.08 0.01 0.57 Diluted Earnings per share (Rs.)(2) NIL 0.01 0.57 Net asset value or book value per share (Rs.)(2) 10.00 10.00 10.00 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of North Karnataka Expressway Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital IL&FS Trust Company Limited A/c - ITNL Road 29,101,639 49.00 Investment Trust (IRIT) IL&FS Transportation Networks Limited 15,144,646 25.50 Punj Lloyd 7,572,400 12.75 Infrastructure Leasing & Financial Services Limited 7,572,365 12.74 Infrastructure Leasing & Financial Services Limited and Mr 10 Negligible K Ramchand IL&FS Transportation Networks Limited and Mr Naresh 10 Negligible Sasanwar Infrastructure Leasing & Financial Services Limited and Mr 10 Negligible MM Wagle IL&FS Transportation Networks Limited and Mr Krishna 10 Negligible Ghag IL&FS Transportation Networks Limited and Mr Ajay 10 Negligible Menon Total 59,391,100 100.00 * The beneficial ownership of 12.75% of the shareholding of Punj Lloyd belongs to IL&FS Transportation Networks Limited. There have been no changes in the capital structure in the past six months. North Karnataka Expressway Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 26. Thiruvananthpuram Road Development Company Limited Thiruvananthpuram Road Development Company Limited was incorporated on March 1, 2004 as Thiruvananthpuram Road Development Company Limited. It commenced business on March 23, 2004. It was established for, inter alia, development, establishment, upgrading, operation, maintenance and implementation of infrastructure projects and facilities. Its registered office is located at the IL&FS Financial Centre, Plot C-22, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Board of Directors The board of directors of Thiruvananthpuram Road Development Company Limited as at June 30, 2009 comprises Mr. Vimal Kishore Kaushik, Mr. S.C. Sachdeva, Mr. R.C. Bawa, Mr. Mukund Sapre, Mr. Pradeep Kulshrestha, Mr. Mahesh Babu, Mr. Cherian George and Mr. Ravi Keswani. Financial Performance The audited financial results of Thiruvananthpuram Road Development Company Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2007 2008 2009 Income/Sales 0.00 27.75 115.70 Profit (Loss) after Tax 0.00 (9.48) (42.04) Equity share capital 260.05 260.50 260.50 Reserves and surplus (excluding revaluation reserves)(1) 0.00 (9.48) (51.52) Earnings per share (Rs.) (2) 0.00 (0.36) (1.61) Diluted Earnings per share (Rs.) (2) 0.00 (0.32) (1.40) Net asset value or book value per share (Rs.)2) 9.99 11.55 11.55 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Thiruvananthapuram Road Development Company Limited as of June 30, 2009was as follows: Name of the Shareholder Number of equity shares % of issued capital IL&FS Transportation Networks Limited 13,025,000 49.93 Punj Lloyd 13,025,000 49.93 Mr. K. Ramchand 10 Negligible Mr. Hari Sankaran 10 Negligible Mr. Manu Trivedi 10 Negligible Mr Krishna Ghag 10 Negligible Mr. Ajay Menon 10 Negligible Mr. Sunil Dhawan 10 Negligible Mr. Naresh Sasanwar 10 Negligible Total 26,050,070 100.00 There have been no changes in the capital structure in the past six months. Thiruvananthapuram Road Development Company Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 27. Arooshi Enterprises Private Limited Arooshi Enterprises Private Limited was incorporated on February 7, 1995 as Bendy India Private Limited. The name of the company was changed to Arooshi Enterprises Private Limited with effect from October 12, 1999. Arooshi Enterprises Private Limited is engaged in the business of making toys. The registered office of the company is at S-3, Nuchna Building, Kalkaji, New Delhi - 110 019. Board of Directors The board of directors of Arooshi Enterprises Private Limited as at the date of the Red Herring Prospectus comprises Mr. Ravi Keswani, Mr. Ramnik Chadha, Mr. Dinesh Thairani, Ms. Radhika Bahl, Mr. Raman Sharma and Mr. V.R. Nirmal. Financial Performance The audited financial results of Arooshi Enterprises Private Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2006 2007 2008 Income/Sales 14.44 0 0 Profit (Loss) after Tax (17.53) (9.26) (4.87) Equity share capital 31.50 31.50 31.50 Reserves and surplus (excluding revaluation reserves)(1) (65.91) 83.75 (88.61) Earnings per share (Rs.)(2) (5.56) (2.94) (1.54) Diluted Earnings per share (Rs.)(2) (5.56) (2.94) (1.54) Net asset value or book value per share (Rs.) (2) - (16.59) (18.13) (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. Shareholding Pattern The shareholding pattern of Arooshi Enterprises Private Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Ms. Radhika Bahl 1,186,246 37.66 Bendy International 50,000 1.59 Mr. Rahul Butalia 50,000 1.59 Special Steel Forgings Private Limited 1,065,245 33.82 Punj Lloyd 598,500 19.00 The Itsy Bitsy Entertainment Company 200,000 6.35 Mr. Raman Sharma 3 Negligible Ms. Louise Sharma 1 Negligible Mr. Kanhaiya Prasad 1 Negligible Mr. Hardeep Sachdeva 1 Negligible Ms. Sumitra Arora 1 Negligible Ms. Sushila Prasad 1 Negligible Mr. Kuldeep Singh 1 Negligible Total 3,150,000 100.00 There have been no changes in the capital structure in the past six months. Arooshi Enterprises Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 28. Global Health Private Limited Global Health Private Limited was incorporated on August 13, 2004 to establish Medicity, carry on the business of establishing, owning, and management of hospitals, provide all types of health, pathology and medical services, undertake research and development activities related to medicines, surgery, medical equipments, undertake seminars, conference, tele-conference in the field of medical, hospital and health. Punj Lloyd owns 17.20% of the equity share capital of the company. Its registered office is located at B - 2 "The Mira", Ishwar Nagar, New Delhi - 110065. Board of Directors The board of directors of Global Health Private Limited as at the date of the Red Herring Prospectus comprises Dr. Naresh K. Trehan, Mr. Sunil Sachdeva, Mr. Rajive Sawhney, Mr. Atul Punj and Mr. Mark Robert Harris. Financial Performance The audited financial results of Global Health Private Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 0.156 40.75 204.11 Profit (Loss) after Tax (31.63) 5.27 (8.78) Equity share capital 214.35 409.00 418.25 Reserves and surplus (excluding revaluation reserves)(1) 143.29 1,513.66 3368.08 Earnings per share (Rs.)(2) (10.19) 0.12 (0.21) Diluted Earnings per share (Rs.)(2) (10.19) 0.12 (0.21) Net asset value or book value per share (Rs.)(2)(3) 10.68 41.35 81.43 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10. (3) This is based on the assumption that the partly paid-up shares are fully paid-up. Shareholding Pattern The shareholding pattern of Global Health Private Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Dr. Naresh Trehan & Associates Health Services 19,999,998 43.01 Private Limited Dr. Naresh Trehan & Associates Health Services 1 Negligible Private Limited jointly with Dr. Naresh Trehan Dr. Naresh Trehan & Associates Health Services 1 Negligible Private Limited jointly with Mr. Sunil Sachdeva Dr. Naresh K. Trehan 5,500,000 11.83 Punj Lloyd 8,000,000 17.20 GL Asia Mauritius II Limited 13,000,000 27.96 Total 46,500,000 100.00 There have been no changes in the shareholding pattern in the past six months. Global Health Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 29. Dayim Punj Lloyd Construction Contracting Company Limited Dayim Punj Lloyd Construction Contracting Company Limited was incorporated on November 11, 2006 in the Kingdom of Saudi Arabia. Punj Lloyd holds 49% of the equity share capital of the company. It is principally engaged in the business of execution of projects in hydrocarbons, chemicals and the sewage disposal sector. Its registered office is located at P. O. Box 7995, Riyadh 11472, Saudi Arabia. Board of Directors The board of directors of Dayim Punj Lloyd Construction Contracting Company Limited as at the date of the Red Herring Prospectus comprises Mr. Rida Hassan Said, Mr. Edward Albert Churchil, Mr. Atul Punj and Mr. Vimal Kishore Kaushik. Financial Performance The audited financial results of Dayim Punj Lloyd Construction Contracting Company Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2007 2008 2009 Income/Sales 0 58.58 457.20 Profit (Loss) after Tax (3.34) 0.00 (40.81) Equity share capital 22.98 22.98 22.98 Reserves and surplus (excluding revaluation reserves)(1) (3.43) (3.43) (44.24) Earnings per share (Rs.)(2) (33.40) 0.00 (408.07) Diluted Earnings per share (Rs.)(2 (33.40) 0.00 (408.07) Net asset value or book value per share (Rs.)(2) 195.50.00 195.50 (212.57) (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is 20 Riyals. Shareholding Pattern The shareholding pattern of Dayim Punj Lloyd Construction Contracting Company Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 49,000 49.00 HRH Prince Khalid Bin Bandar Bin Sultan 51,000 51.00 Total 100,000 100.00 There have been no changes in the capital structure in the past six months. Dayim Punj Lloyd Construction Contracting Company Limited is an unlisted company and has not made any public or rights issue in the preceding three years. As on June 30, 2009 it does not have a negative net worth. 30. Kaefer Punj Lloyd Limited Kaefer Punj Lloyd Limited was incorporated on November 14, 1994 as Sagit Properties Private Limited. With effect from November 13, 1997, the name of the company was changed to Punj Lloyd Insulations Private Limited and on March 31, 1998, the company became a deemed public company under the Companies Act and the word "private" was deleted from its name. With effect from December 15, 2006, the name of the company was changed to Kaefer Punj Lloyd Limited. Punj Lloyd, together with its wholly owned subsidiary, Punj Lloyd Industries Limited, owns 49% of the equity share capital of the company. The company is principally engaged in the insulation business. Its registered office is located at 18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Kaefer Punj Lloyd Limited as at the date of the Red Herring Prospectus comprises Mr. Vimal Kishore Kaushik, Mr. R.K. Khosla, Mr. J B Dewan, Mr. Naveen Kad and Mr. Philip Dalheimer. Financial Performance The audited financial results of Kaefer Punj Lloyd Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2006 2007 2008 Income/Sales 1,07.37 85.25 337.51 Profit (Loss) after Tax 2.84 0.81 5.49 Equity share capital 2.55 8.00 8.00 Reserves and surplus (excluding revaluation reserves)(1) 11.11 30.89 36.38 Earnings per share (Rs.)(2) 111.12 10.18 68.58 Diluted Earnings per share (Rs.)(2) 111.12 10.18 68.58 Net asset value or book value per share (Rs.)(2) 731.11 486.17 554.75 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.100 Shareholding Pattern The shareholding pattern of Kaefer Punj Lloyd Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 74514 41.40 Punj Lloyd/ Mr. Atul Punj 1 Negligible Punj Lloyd/ Mr. Vimal Kishore Kaushik 1 Negligible Punj Lloyd/ Mr. Dinesh Thairani 1 Negligible Punj Lloyd/Mr. Ravi Keswani 1 Negligible Punj Lloyd/Mr. Raju Kaul 1 Negligible Punj Lloyd/Mr. Luv Chhabra 1 Negligible Punj Lloyd Industries Limited 13,680 7.60 Kaefer Gmbh 91,800 51.00 Total 18,0000 100.00 During the past six months, 49,000 and 51,000 equity shares were allotted to Punj Lloyd Limited and Kaefer GmbH. Kaefer Punj Lloyd Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 31. Ramprastha Punj Lloyd Developers Private Limited Ramprastha Punj Lloyd Developers Private Limited was incorporated on August 13, 2007. The company is principally engaged in the business of real estate development. Its registered office is located at Punj Lloyd House, 17-18, Nehru Place, New Delhi - 110 019. Board of Directors The board of directors of Ramprastha Punj Lloyd Developers Private Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra, Mr. Balwant Yadav and Mr. Sandeep Yadav. Financial Performance The audited financial results of Ramprastha Punj Lloyd Developers Private Limited for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March 31, 2007 2008 2009 Income/Sales NA - - Profit (Loss) after Tax NA (0.03) (0.03) Equity share capital NA 0.1 0.1 Reserves and surplus (excluding revaluation reserves)(1) NA (0.03) (0.07) Earnings per share (Rs.)(2) NA (3.43) (3.12) Diluted Earnings per share (Rs.)(2)NA (3.43) (3.12) Net asset value or book value per share (Rs.)(2) NA 6.57 3.45 (1) Net of miscellaneous expenditure not written off. (2) Face value of each equity share is Rs.10 Shareholding Pattern The shareholding pattern of Ramprastha Punj Lloyd Developers Private Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd 5,000 50.00 Ramprastha Builders Private Limited 5,000 50.00 Total 10,000 100.00 There have been no changes in the capital structure in the past six months. Ramprastha Punj Lloyd Developers Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It has not become a sick company within the meaning of SICA nor is it subject to a winding-up order or petition. It does not have a negative net worth. 32. Cawdor Enterprises Limited Cawdor Enterprises Limited was incorporated on January 12, 1994 as Spectra Holdings Limited as a private holding company. It commenced business on January 12, 1994. With effect from March 24, 2004 the name of the company was changed to Cawdor Enterprises Limited. Its registered office is located at Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands. Board of Directors The board of directors of Cawdor Enterprises Limited as at the date of the Red Herring Prospectus comprises FG Management Limited and Mr. Atul Punj. Financial Performance The audited financial results of Cawdor Enterprises Limited for the last three years are summarized below: (USD in million, unless stated otherwise) For the period ending March 31, (1) 2007 2008 2009 17.74 28.90 69.47 Income/Sales Profit (Loss) after Tax 17.24 27.89 67.95 Equity Share Capital 50.71 50.71 50.71 Reserves (excluding revaluation reserves)(2) 34.48 64.40 132.35 Earnings per share (USD)(3) 17.24 27.89 67.95 Diluted Earnings per share (USD)(3) 17.24 27.89 67.95 Book Value per share(USD)(3)85.19 115.11 183.06 (1) Solely for convenience translation, the figures have been translated at an exchange rate of 1 USD = Rs. 50.71. These financial statements of Cawdor Enterprises Limited have been translated into Rupees solely to comply with the requirements of Item VIII.(G) of Part A of Schedule VIII to the SEBI Regulations. Investors should not rely on such translated amounts. The translation should not be considered as a representation that such USD amounts have been, could have been or could be converted into Rupees at any particular rate, the rate stated, or at all. (2) Net of miscellaneous expenditure not written off. (3) Face value of each equity share is US$1.00. Shareholding Pattern The shareholding pattern of Cawdor Enterprises Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Atul Punj 1,000,000 100.00 Total 1,000,000 100.00 There have been no changes in the capital structure in the past six months. Cawdor Enterprises Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 33. Punj Lloyd Systems Limited (formerly Indtech Construction Private Limited) Punj Lloyd Systems Limited was incorporated on August 24, 1982 as Indtech Construction Private Limited. Its name was subsequently changed to Punj Lloyd Systems Private Limited on May, 13, 2009 and further changed to Punj Lloyd Systems Limited on July 9, 2009. It is a wholly owned subsidiary of Punj Lloyd Limited and is principally engaged in the business of Information Technology. Its registered office is located at Punj Lloyd House, 17 -18, Nehru Place, New Delhi - 110019 Board of Directors The board of directors of Punj Lloyd Systems Limited as at the date of the Red Herring Prospectus comprises Mrs. Indu rani Punj, Mr. Ravi Keswani and Mr. Dinesh Thairani. Financial Performance The audited financial results of Punj Lloyd Systems Limited for the last three years are summarized below: (Amount in Rs. million) For the period ending March 31, 2007 2008 2009 Income/Sales 4.27 12.38 8.50 Profit (Loss) after Tax 3.83 4.92 (3.26) Capital 64.81 64.81 8.24 Reserves (excluding revaluation reserves)(1) 34.26 39.19 35.92 Earnings per share (Rs.) (2) 0.59 0.76 (3.95) Diluted Earnings per share (Rs.) (2 0.59 0.76 (3.95) Book Value per share (Rs.) (2) 15.28 16.04 53.58 (1) Net of miscellaneous expenditure not written off. (2) Face value of one equity share is Rs. 10. Shareholding Pattern The shareholding pattern of Punj Lloyd Systems Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Limited 82,413 99.98 Spectra Punj Finance Private Limited 10 0.01 Mr. Ravi Keswani (1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Mr. Anoop Dawar(1) 1 Negligible Mr. Manhar Kapoor(1) 1 Negligible Total 82,428 100 (1) Punj Lloyd Limited has beneficial rights in the shares held by Mr. Ravi Keswani, Mr. Raju Kaul, Mr. Dinesh Thairani, Mr. Anoop Dawar and Mr. Manhar Kapoor. - Pursuant to a Scheme of Arrangement and demerger, approved by the Hon'ble High Court of Delhi, the capital structure of Punj Lloyd Systems Limited was restructured. Punj Lloyd Systems Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 34. Spectra ISP Networks Private Limited (formerly PL Engineering Private Limited) Spectra ISP Networks Private Limited was incorporated on March 28, 2001 as Spectra Ventures Private Limited. It subsequently changed its name to PL Engineering Private Limited on August 16, 2004 and to Spectra ISP Networks Private Limited on July 10, 2009. It is a wholly owned subsidiary of Punj Lloyd Limited and is principally engaged in the business relating to Internet Service Provider. Its registered office is located at Punj Lloyd House, 17 -18, Nehru Place, New Delhi - 110019 Board of Directors The board of directors of Spectra ISP Networks Private Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Luv Chhabra and Mr. Ravi Keswani Financial Performance The audited financial results of Spectra ISP Networks Private Limited for the last three years are summarized below: (Amount in Rs. million) For the period ending March 31, 2007 2008 2009 Income/Sales - - - Profit (Loss) after Tax (0.03) (0.02) (0.03) Capital 0.2 0.2 5.6 Reserves (excluding revaluation reserves)(1) (5.64) (5.67) (5.70) Earnings per share (Rs.) (2) 0 0 0 Diluted Earnings per share (Rs.) (2) 0 0 0 Book Value per share (Rs.) (2) 1.0 1.0 1.0 (1) Net of miscellaneous expenditure not written off. (2) Face value of one equity share is Rs. 10. Shareholding Pattern The shareholding pattern of Spectra ISP Networks Private Limited as of June 30, 2009 was as follows Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Limited 559,999 99.99 Atul Punj(1) 1 Negligible Total 560,000 100 (1) Punj Lloyd Limited is having beneficial rights in the shares held by Mr. Atul Punj During last six months 540,000 equity shares were allotted to Punj Lloyd Limited. Spectra ISP Networks Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 35. Punj Lloyd SKIL Marine Systems Limited Punj Lloyd SKIL Marine Systems Limited was incorporated on July 20, 2009. It is principally engaged in the business relating to marine services. Its registered office is located at 17-18 Nehru Place, New Delhi - 110019. Board of Directors The board of directors of Punj Lloyd SKIL Marine Systems Limited as at the date of the Red Herring Prospectus comprises Mr. Luv Chhabra, Mr Ravi Keswani and Mr. Dinesh Thairani. Financial Performance The Company has been incorporated on July 20, 2009 hence financials are not available. Shareholding Pattern The shareholding pattern of Punj Lloyd SKIL Marine Systems Limited as of July 31, 2009 is as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Limited 49,994 99.99 Mr Ravi Keswani(1) 1 Negligible Mr. Raju Kaul(1) 1 Negligible Mr. Dinesh Thairani(1) 1 Negligible Mr. Anoop Dawar(1) 1 Negligible Mr. Neeraj Matta(1) 1 Negligible Mr Manhar Kapoor(1) 1 Negligible Total 50,000 100 (1) Punj Lloyd Limited holds the beneficial interest in the shares held by Mr. Ravi Keswani, Mr. Raju Kaul, Mr. Dinesh Thairani, Mr. Anoop Dawar, Mr. Neeraj Matta and Mr. Manhar Kapoor. Punj Lloyd SKIL Marine Systems Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 36. Sembawang Infrastructure (India) Private Limited Sembawang Infrastructure (India) Private Limited was incorporated on April 8, 1996 as ST Infrastructure Technologies (India) Private Limited. It subsequently changed its name to Sembcorp Infrastructure (India) Private Limited on May 21, 1999, and from Sembcorp Infrastructure (India) Private limited to Sembawang Infrastructure (India) Private Limited on November 28, 2003. It is a wholly owned subsidiary of Punj Lloyd Limited and is principally engaged in the business of EPC contractor and project management and consultancy services. Its registered office is located at 17 -18, Nehru Place, New Delhi - 110019. Board of Directors The board of directors of Sembawang Infrastructure (India) Private Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Vimal Kishore Kaushik, Mr. Luv Chhabra and Mr. Richard Francis Grosvenor. Financial Performance The audited financial results of Sembawang Infrastructure (India) Private Limited for the last three years are summarized below: (Amount in Rs. million) For the period ending March 31, 2007 2008 2009 Income/Sales 72.85 87.66 552.10 Profit (Loss) after Tax 0.61 4.69 (43.19) Capital 95.75 95.75 95.75 Reserves (excluding revaluation reserves)(1) (55.66) (50.97) (94.16) Earnings per share (Rs.) (2) 0.06 0.49 (4.51) Diluted Earnings per share (Rs.) (2)0.06 0.49 (4.51) Book Value per share (Rs.) (2) 4.18 4.67 0.16 (1) Net of miscellaneous expenditure not written off. (2) Face value of one equity share is Rs. 10 The shareholding pattern of Sembawang Infrastructure (India) Private Limited as of June 30, 2009 was as follows: Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Limited 9,574,999 99.99 Ravi Keswani(1) 1 Negligible Total 9,575,000 100 (1) Punj Lloyd Limited has beneficial rights in the shares held by Mr. Ravi Keswani. Sembawang Infrastructure (India) Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 37. Olive Group India Private Limited Olive Group India Private Limited was incorporated on May 26, 2008. It is principally engaged in the business relating to security systems. Its registered office is located at 17 - 18 Nehru Place, New Delhi - 110019. Board of Directors The board of directors of Olive Group India Private Limited as at the date of the Red Herring Prospectus comprises Mr. Atul Punj, Mr. Anshul Kaushik, Mr. Gavin Mark Mayhew, Christopher Henry George Saint Geroge. Financial Performance The Company has been incorporated on May 26, 2008 hence financials are not available. Shareholding Pattern The shareholding pattern of Olive Group India Private Limited as of June 30, 2009 was as follows Name of the Shareholder Number of equity shares % of issued capital Punj Lloyd Limited 250,000 25.00 Mr. Ankush Kaushik 250,000 25.00 Olive Group FZ LLC 450,000 45.00 Olive Group International BV 49,500 4.95 Olive Group Limited 500 0.05 Total 1,000,000 100.00 During last six months 250,000, 250,000 and 450,000 equity shares of Rs. 10 each were allotted to Punj Lloyd Limited, Mr. Anshul Kaushik and Olive Group FZ LLC, respectively. Olive Group India Private Limited is an unlisted company and has not made any public or rights issue in the preceding three years. It is not subject to a winding-up order or petition. It does not have a negative net worth. 38. Metropolitan Industries Metropolitan Industries (represented by Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi) was formed as a partnership on January 1, 1992. The principal business carried out by the firm is as manufacturer, exporter, importer, dealer and stockist of chemicals, pharmaceuticals, bulk drugs, intermediates, engineering goods and metals. Its principal office is located at 512, Vyapar Bhavan, 49, P.D. Mello Road, Carnac Bunder, Mumbai - 400 009. The partners of Metropolitan Industries, as at the date of the Red Herring Prospectus, comprise Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi and the capital contribution of the two partners is in the ratio of 75:25, respectively. Financial Performance The audited financial results of Metropolitan Industries (represented by Mr. Nikhil P. Gandhi and Mr. Bhavesh P. Gandhi) for the last three years are summarized below: (Rs. in million, unless otherwise stated) For the period ended March31, 2006 2007 2008 Income/Sales 3.23 Negligible Negligible Profit (Loss) after Tax 2.96 (0.15) (1.90)   Subscribe to: Posts (Atom) Followers Blog Archive ▼  2009 (3) ▼  September (2) function opennewwindow(url) { NewWin=window.open... function opennewwindow(url) { NewWin=window.open... ►  July (1) About Me netzen View my complete profile