AEONIAN INVESTMENTS COMPANY LIMITED...C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup...

AEONIAN INVESTMENTS COMPANY LIMITED

AmitC.Choksey Chairman

BhanushankarR.Trivedi Director

BipinV.Jhaveri Director

Dhiren P. Mehta Director

Manubhai G. Patel Director

PritiA.Choksey Director

Vispi R. Patel Director

REGISTERED & ADMINISTRATIVE OFFICE

N.K.M. International House, 178,BackbayReclamation, BabubhaiChinaiMarg,Mumbai–400020 Tel.No.:022–61457000 FaxNo.:022–22838291

BANKERS

BankofIndia

StandardCharteredBank

BOARD OF DIRECTORS

AUDITORS

M/s. Ravi A. Shah & Associates CharteredAccountants

REGISTRAR & SHARE TRANSFER AGENTS

M/s.LinkIntimeIndiaPrivateLtd. C-13,PannalalSilkMillsCompound, L.B.S.Marg,Bhandup(West),Mumbai–400078 Phone:022–25963838 Fax:022–25946969

AMIT CHOKSEY GROUP COMPANY

CONTENTSParticulars Page No.Notice 1Director’sReport 3CorporateGovernanceReport 6ComplianceCertificate 14Auditor’sReport 17BalanceSheet 20ProfitandLossAccount 21CashFlowStatement 22SignificantAccountingPolices 23NotetoBalanceSheet 23NotetotheStatementofProfitandLoss 32OtherNotes 34BalanceSheetAbstractandSchedulerequiredasperNBFCNorms 37

Persons constituting Promoter group for the purpose of the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Amit Champaklal Choksey

2. Priti Amit Choksey

3. Amit C Choksey H.U.F

4. Namrata Amit Choksey

5. Ankita Amit Choksey

6. Abhiraj Trading & Investments Private Limited


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NOTICENOTICE is hereby given that the Thirty First Annual General Meeting of the Members of Aeonian Investments Company Limited will be held on Tuesday, 7th August, 2012 at 10.30 A.M. at M. C. Ghia Hall, Bhoghilal Hargovindas Building, 2nd Floor, 18/20, K. Dubash Marg, Kala Ghoda, Mumbai – 400 023 to transact the following business:

ORDINARY BUSINESS:1. To receive, consider and adopt the Profit and Loss

AccountforthefinancialyearendedMarch31,2012,the Balance Sheet as at that date and the Reports of the Board of Directors and Auditors’ thereon.

2. TodeclaredividendonEquityShares.

3. ToappointaDirectorinplaceofSmtPritiAChoksey,who retires by rotation and, being eligible, offers herself for re-appointment.

4. To appoint a Director in place of Shri Dhiren P Mehta, who retires by rotation and, being eligible, offers himself for re-appointment.

5. ToappointM/s.RaviA.Shah&Associates,CharteredAccountants,MumbaiasAuditorsoftheCompanyandfixtheirremuneration.

SPECIAL BUSINESS:6. Toconsiderand,ifthoughtfit,topass,withorwithout

modifications,thefollowingresolutionasanOrdinary Resolution.

“RESOLVED THAT Shri Vispi Patel, who was appointedasanAdditionalDirectorof theCompany,by the Board of Directors and who holds the officeunderSection260of theCompaniesAct,1956untildate of the Annual General Meeting and in the respect ofwhomtheCompanyhasreceivedanoticeinwritingpursuanttoSection257oftheCompaniesAct,1956,fromamemberproposinghiscandidaturefortheofficeof Director, be and is hereby appointed as a Director of theCompany.”

By Order of the Board

Amit ChokseyCHAIRMAN

Mumbai,11thMay,2012

Registered Office:N K Mehta International House178BackbayReclamationHouseBabubhaiMChinaiMargMumbai400020.

NOTES:1. AMemberoftheCompanyentitledtoattendandvoteatthe

AnnualGeneralMeetingmayappointaproxytoattendand,onapoll,vote insteadofhimself/herself.AProxyneednotbeaMemberoftheCompany.Proxiestobeeffectiveshouldbedepositedat theRegisteredOfficeof theCompanynotlaterthanForty-EighthoursbeforethecommencementoftheMeeting.

2. CorporateMembersarerequestedtosendtotheCompany’sRegistrar&TransferAgent,adulycertifiedcopyoftheBoardResolution authorizing their representative to attend and vote at the Annual General Meeting.

3. Membersarerequestedtobringtheirattendanceslipalongwith their copy of annual report to the Meeting.

4. ProfileoftheDirectorsseekingre-appointment,asrequiredintermsofclause49of theListingAgreemententeredintowithStockExchange,isannexedtothisNotice.

5. TheRegisterofMembersandtheShareTransferBooksoftheCompanywill remain closed fromTuesday, 31st July, 2012 to Tuesday, 7th August, 2012 (both days inclusive) in connection with the ensuing Annual General Meeting (AGM) and the payment of dividend.

6. Dividend recommended by Directors, if approved by the members at the Annual General Meeting, will be paid / dispatched on or after 9thAugust 2012 to thosememberswhose names appear on the Register of Members of the CompanyaftergivingeffecttovalidsharetransferinphysicalformlodgedwiththeCompanyonorbefore30thJuly,2012andtotheBeneficioryholdersasperthebeneficiorylistason30thJuly,2012furnishedbyNationalSecuritiesDepositaryLimited (NSDL) and Central Depository Services (India)Limited(CDSL).

7. Membersdesirousof obtainingany information concerningtheAccountsandOperationsoftheCompanyarerequestedtosendtheirqueriesinwritingtotheComplianceOfficeroftheCompanyatitsRegisteredOfficesoastoreachatleastseven days before the date of the Meeting.

8. ThecompanyisusingNationalElectronicClearingServices(NECS) for dividend remittance. Members holding sharesinphysicalformarerequestedtonotify/sendanychangeintheiraddress/mandate/bankdetails;andParticularsoftheirbankaccount, incasethesamehavenotbeensentearlierto the Company’s Registrar and Share TransferAgent at:M/s.LinkIntimeIndiaPrivateLtd.,C-13,PannalalSilkMillsCompound,L.B.S.Marg,Bhandup - (w),Mumbai-400078,immediately.

9. Membersholdingsharesintheelectronicformarerequestedtoinformanychangeinaddress/bankmandatedirectlytotheirrespectiveDepositoryParticipants.Theaddress/bankmandate as furnished to the Company by the respectiveDepositories.

10. The Ministry of Corporate Affairs has taken a “GreenInitiativeintheCorporateGovernance”byallowingpaperlesscompliances by the companies and has issued circulars stating that service of notice/ documents including Annual Report can be sent by e-mail to its members. To support this green initiative of the Government in full measure, members who have not registered their e-mail addresses so far, are

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Annual Report 2011-2012

requested to register their e-mail addresses, in respect oftheir electronic holdings with the Depository through their concerned Depository Participants. Members who hold shares inphysicalformshouldsendletterrequestingforregistering/changingtheirexistingemailIDbearingthesignatureofSole/FirstshareholdertoCompany’sRegistrar&TransferAgents,M/s.LinkIntimeIndiaPrivateLtd.,C-13,PannalalSilkMillsCompound,L.B.S.Marg,Bhandup-(w),Mumbai-400078.

11. Members are hereby informed that the Company hastransferredtotheCentralGovernmentallunclaimeddividendsrelating to financial years upto 31.03.2004. Members whohave so far not encashed their dividend warrants for below mentioned financial years, approach the Company forthe payment thereof as the same will be transferred to the Investors Education and Protection Fund, administratedby the Central Government, pursuant to section 205C ofCompanies Act 1956 on the respective dates mentionedherein below:

Financial Year

Date of Declaration of Dividend

Tentative Due Date for transferring unclaimed dividend to IEPF fund

2004-05 29-07-2005 28-07-2012

2005-06 22-05-2006 21-05-2013

2006-07 26-07-2007 25-07-2014

2007-08 29-07-2008 28-07-2015

2008-09 29-07-2009 28-07-2016

2009-10 29-07-2010 28-07-2017

2010-11 26-07-2011 25-07-2018

Explanatory Statement under Section 173 of theCompanies Act, 1956

Item No. 6The Board of Directors appointed Shri Vispi Patel on the Boardof theCompanywitheffect from26thMarch2012pursuanttoSection260oftheCompaniesAct,1956.ShriVispiPatel holds office ofDirector up to the date of theforthcomingAnnualgeneralmeetingoftheCompany.TheCompanyhasreceivedanoticeinwritingfromamemberoftheCompanyunderSection257oftheCompaniesAct,1956,proposingthecandidatureofShriVispiPateltotheofficeoftheDirector.Shri Vispi Patel is a Bachelor of Commerce fromMumbai University and has done Master of Business Administration(MBA).Hehasover27yearsofexperienceinthevariousspheresofthemanagement.TheCompanywillvastlybenefitedfromtheprofessionalcapabilitiesandvariedexperienceofShriVispiPatel.YourDirectorsrecommendhisappointmentasDirectoroftheCompany.None of the Directors other than Shri Vispi Patel is concerned or interested in this Resolution.

Profile of the Directors being re-appointed as required under clause 49 of the Listing Agreement entered with Stock Exchange Name: Smt. Priti A ChokseyExperience:Smt.PritiA.ChokseyhasbeenassociatedwiththeCompanysince1997andhasagoodexperienceinthecapitalmarket.TheBoardofDirectorshadappointedSmt.PritiA.ChokseyasanAdditionalDirectoroftheCompany,liabletoretirebyrotationwitheffectfrom24thNovember1997.Smt.PritiA.ChokseyisduetoretirebyrotationattheforthcomingAnnualGeneralMeetingoftheCompanyandbeingeligible,offersherself for re-appointment.Smt. PritiA. Choksey does not hold any Directorshipand Committee Membership of other Public LimitedCompanies.Sheisholding506337(10.55%)EquitySharesof̀ 2/-eachof the company.Name: Shri Dhiren MehtaShriDhirenMehta isaB.ComfromMumbaiUniversity,aFellowmemberofInstituteofCharteredAccountantofIndia,Associatememberof InstituteofCompanySecretariesofIndia and has Masters Degree in Financial Management (MFM) from Jamnalal Bajaj Institute of ManagementStudies. ShriDhirenMehtaisbusinessexecutivewithover30yearsofexperienceinFinance,AccountsandGeneralManagment.The Board of Directors had appointed Shri Dhiren Mehta asanAdditionalDirectoroftheCompany,liabletoretirebyrotationwitheffectfrom30thApril2001.ShriDhirenMehtais due to retire by rotation at the forthcoming Annual General MeetingoftheCompanyandbeingeligible,offershimselffor re-appointment.HisDirectorshipandCommitteeMembershipofotherPublicLimitedCompanies,asat31stMarch2012isasfollows;

Company Position Committee membership

ConsHoldingsLimited

Director Nil

Resins and PlasticsLimited

Director AuditCommittee(Member)RemunerationCommittee

(Member)Sammelan Investments and TradingLimited

Director Nil

Sunshield ChemicalsLimited

Director AuditCommittee(Member)

Company Position CommitteeHedoesnotholdanySharesintheCompany.

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DIRECTORS’ REPORTYourDirectorshavepleasureinpresentingtheThirtyfirstAnnualReporttogetherwiththeAuditedStatementofAccountsfortheyearended31stMarch2012.Financial Highlights:

(` in Lakhs)

Particulars 2011-2012 2010-2011

Income From Operations 250.10 194.94

ProfitOnSaleOfInvestments 248.35 186.85

Total Revenue 498.45 381.79

ProfitBeforeDepreciationAndTax 467.88 188.11

Less:Depreciation 31.89 35.41

ProfitBeforeTaxLess:ProvisionsForTaxIncomeTaxWealthTax

435.99

54.007.00

152.70

5.007.00

ProfitAfterTax 374.99 140.70

Add:BalanceBroughtForwardFromPreviousYear 4889.43 5010.32

Add/Less:ShortProvisionsWrittenOff -- 6.55

ProfitAvailableForAppropriation 5264.42 5157.57

Appropriation Proposed Dividend TaxOnProposedDividendTransfer To General Reserve Transfer To Reserve Fund In Terms Of Section 45 Ic(1) Of R.B.I Act, 1934BalanceCarriedForwardToBalanceSheet

192.0031.1538.0076.00

4927.27

192.0031.1515.0030.00

4889.43

Management Discussion and AnalysisIndustry Structure and Development AeonianInvestmentsCompanyLtd.isanInvestmentCompanyinvestinginshares,bothquotedandunquotedandinunitsofMutualFunds.TheindustrystructurerelevanttotheCompany’soperationsismainlyconcernedwiththecapitalmarket.TheCompanyhandlesitsinvestmentsinthecapitalmarketthroughareputedportfoliomanager.

Industry Overview:

Indian economy is adversely affectedby persistent inflation over the last few years.The rising incomespropped thepurchasing power of the population, driving consumption demand in sectors, where supply lagged particularly, in food-grain and non food-grain commodities, Sharp increase in international prices of fuels also contributed to inflationarypressure.TheGovernmenthasbeengoingveryslowonvariousreforms,expectedbylargeinvestorsandmarket.Marketparticipantswereparticularlyconcernedaboutsubsidies—fertilizer,foodandfuel;fallingrupeeagainstdollar;unreportedcorruptions;wideningcurrentaccountandfiscaldeficits.NetBuysbytheForeignInstitutionalinvestorshavebeendecliningduringtheyearascomparedtotheseoftheearlieryears.EconomicsituationsinEuroZonecountriesandotherpricedtheCapitalMarkettowardslosses.

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Operational performance

Total Revenue increased from `381.79Lakhsto`498.45Lakhs during the year under consideration. Profit beforedepreciationandtaxincreasedfrom`188.11Lakhsinthefinancialyear2010-11to`467.88Lakhsintheyearunderreview.

The Profit after Tax: The Company’s Profit after taxincreased to `374.99Lakhsduringtheyearunderreviewas compared to `140.70Lakhsinthepreviousyear.

Reserves and Surplus as at 31st March, 2012 stand at` 8931.77Lakhs.Thenetworthof yourCompanyat theyear end stands at ` 78.22 crores which translates to abookvalueof`163pershare.

TheCompany’sinvestmentportfoliomanagedbyPortfolioManagers,M/s.EnamSecuritiesPrivateLimitedcontinuesto be in equity sharesof growth-oriented companies thatare capable of withstanding the adverse impact of the slow down in the economy.

Outlook

Outlook for theCompany is linkedtoCapitalMarket.ThePortfolio Manager managing Company’s investment inequity market believes that Company’s Investments intheequitysharesofvariouscompanieswouldreasonablyperform in the ensuing years.

Risk and Concerns

Asmentioned earlier, Company’s performance is closelylinked to the Indian Capital Market and consequently tothe risks associated with market operations. The valueof the company’s investments may be affected by factors affectingcapitalmarketssuchaspriceandvolumevolatility,interestrates,currencyexchangerates,foreigninvestment,government policy changes, political and economic developments, crude oil prices and economic performance abroad;etc.

A largepartof theCompany’s investmentsareunder thediscretionary management of the reputed portfolio manager. TheCompanyishoweverexposedtorisksassociatedwiththe management of its portfolio by the manager.

Segment

The primary segment of the company’s business is ‘investmentinthecapitalmarket.’

Internal Control Systems and Adequacy

An adequate system of internal control is in placewhichmandates maintaining proper accounting records and their periodical verification, by the Management and theStatutory Auditors.

Cautionary Statement

(The statement in this report, including the Management’s Discussion and Analysis Report, reflects the company’s projections, estimates, expectations and predictions and contains a forward looking statement that involves risk and uncertainty. The company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Actual results, performances of achievements could differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only of the expectations as on the date.)

Dividend

The Directors are pleased to recommend a dividend of `4/-(200%)perEquityShare(Previousyear`4/-(200%)perEquityShare)forthefinancialyearended31stMarch2012. Outgo on account of payment of the dividend willabsorb ` 223.15LakhsincludingDividendDistributionTaxpayablebytheCompany.

Appropriation

Inaccordancewith theprovisionsofSection45 IC (1)ofthe Reserve Bank of IndiaAct, 1934, a sum of ` 76.00lakhs being 20%of the profits for the year is transferredto Reserve Fund. Further an amount of ` 38.00 Lakhshas been transferred to General Reserve. The remaining balance of `4927.27Lakhshasbeencarriedforward.

Directors

In accordance with the Articles of Association of the Company,SmtPritiAChokseyandShriDhirenPMehta,Directors of the Company, retire by rotation and beingeligible, offer themselves for re - appointment. The Directors recommend their re-appointment.

TheBoardofDirectorsintheirmeetingheldon26thMarch,2012 have appointed Shri Vispi R. Patel as additionaldirectorofyourCompany.Hewillretireatthecloseoftheensuing Annual General Meeting and being eligible, offer himself for reappointment. Shri Vispi R. Patel is a Bachelor of Commerce from Mumbai University and has doneMaster of Business Administration (MBA) and has vast experienceinthevariousspheresoftheManagement.TheBoardisoftheviewthatyourCompanywillbenefitbyhisappointment.

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Directors’ Responsibilities Statement

TheDirectorsconfirm

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from thesame;

b) that they have selected such accounting polices and applied them consistently and made judgementsand estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of thecompanyattheendofthefinancialyearandoftheprofitoftheCompanyforthatperiod;

c) thattheyhavetakenproperandsufficientcareforthemaintenanceofadequateaccountingrecordsinaccordancewith theprovisionsof theCompaniesAct,1956,forsafeguardingtheassetsoftheCompanyand for preventing and detecting fraud and other irregularities;

d) that they have prepared the annual accounts on a going concern basis.

Information pursuant to the Non-Banking Financial Companies acceptance of Public Deposits (Reserve Bank) Directions, 1999.

TheCompany has not accepted any deposits during theyear under review.

Particulars of Employees

The Company has no employee covered under Section217(2AA)oftheCompaniesAct,1956

Listing Arrangements

The sharesof theCompanyare listedonBombayStockExchangeLimited,Mumbaiandtheapplicablelistingfeeshavebeenpaidtilldate.TheCompanyhascompliedwiththerequirementsoftheListingAgreemententeredintowiththesaidStockExchange.

Conservation of Energy & Technology Absorption

Being an investment company, the Company has nomanufacturing activities.

Foreign Exchange Earnings and outgo

Duringtheyeartherewerenoforeignexchangeearningsand outgo.

Auditors

TheCompany’sAuditorsM/s.RaviA.Shah&Associates,CharteredAccountants,Mumbai,retireattheconclusionoftheensuingAnnualGeneralMeetingoftheCompanyandare eligible for re-appointment.

The Directors recommend their re-appointment.

Corporate Governance

Your Company is committed to practice the principles ofgood Corporate Governance. Necessary measures aretaken to comply with the requirements of revised clause49oftheListingAgreemententeredintowiththeBombayStockExchangeLimited.

ThereportonCorporateGovernanceisenclosedandformpart of the Directors’ Report.

Certificate from the Company’s Auditors dated May 11,2012regardingcomplianceoftheconditionsofCorporateGovernance as stipulated in Clause 49 of the ListingAgreemententeredintowithBombayStockExchangeLtdisannexedtothisReport.

Secretarial Compliance Certificate

Inaccordancewith theprovisionsofSection383Aof theCompaniesAct,1956,acertificatefromM/s.ManishGhia&Associates, Practising Company Secretaries, certifyingthe status on compliance with respect to the applicable provisions of the CompaniesAct, 1956, is annexed andforms part of this Report.

Acknowledgement

YourDirectors takeon record theirsincere thanks for thevaluableservicesrenderedbytheportfoliomanagers,stockbrokersandotherbusinessassociates.

For and on behalf of the Board of Directors

Amit Choksey

CHAIRMAN

Mumbai,11thMay,2012.

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REPORT ON CORPORATE GOVERNANCE1. Company’s Philosophy on Code of Corporate Governance:

TheCompany’sphilosophyonCorporateGovernanceisaimedatstrengtheningtheconfidenceoftheshareholdersintheCompanyandbuildingalongtermrelationshipoftrustwiththembymaintainingtransparencyandperiodicaldisclosures.TheCompanybelievesinmaintaininghighstandardsofqualityandethicalconduct,initsoperations.

2. Board of Directors:

TheCompany’sBoardasondatecomprisesofsevenmembers:AllthesevenareNon-ExecutiveDirectors(NEDs).OfthesevenNEDs,fourareIndependentDirectors.TheChairmanoftheBoardisthePromoteroftheCompany.ThenumberofindependentDirectorsontheBoardisinconformitywiththerequirementofClause49(I)(A)oftheListingAgreement.AlltheDirectorsoftheCompanyareeligibletoretirebyrotation.

FiveBoardMeetingswereheldduringthefinancialyearended31stMarch,2012i.e.on10th May 2011, 25th July 2011, 24th October 2011, 30th January 2012 and 26th March 2012

The details of the names and categories of the Directors, their attendance at Board Meetings, Annual General Meetings, Number of directorships and committee memberships in companies other than Aeonian Investments CompanyLimitedaregivenbelow:

Name of Director(s) Category of Directorship Board Meetings attended

Attendance at last AGM

No. of other Directorships

held

* No. of Committees of

which Member / Chairman

AmitC.ChokseyDIN00001470

ChairmanNon-ExecutiveDirector 5 Yes 5 0/0

BhanushankarR.TrivediDIN00185895

Non-Executive Director andIndependent Director 5 No 1 0/0

BipinV.JhaveriDIN00001648

Non-Executive Director andIndependent Director 5 Yes 6 4/0

Dhiren P. MehtaDIN00001471 Non-ExecutiveDirector 5 Yes 4 2/0

Manubhai G. PatelDIN00001662

Non-Executive Director andIndependent Director 4 Yes 4 0/4

PritiA.ChokseyDIN00001463 Non-ExecutiveDirector 5 No Nil 0/0

Vispi R. PatelDIN00211464

Non-Executive Director andIndependent Director 1 NA Nil 0/0

*AsperClause49(I)(C)oftheListing

NoneoftheDirectorsontheBoardholdtheofficeofDirectorinmorethan15CompaniesorholdMembershipofCommitteeoftheBoardinmorethan10CommitteesorChairmanshipofmorethan5Committees

TheBoardagendaispreparedinconsultationwiththeChairmanoftheBoardofDirectorsandtheChairmenofotherCommittees.TheagendafortheMeetingsoftheBoardanditscommittees,togetherwiththeappropriatesupportingdocuments, are circulated well in advance of the Meeting.

MattersdiscussedattheBoardMeetinggenerallyrelatetoCompany’sinvestmentandtheirperformance;Performanceof thePortfolioManager;QuarterlyResults of theCompany;Review of the reports of theAuditCommittee andcompliancewiththeirrecommendation;suggestionfromtheDirectors;newInvestmentProposals;NonComplianceofanyregulatory,statutoryorlistingrequirementsetc.

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Code of Conduct

TheBoardhasformulatedaCodeofConductfortheBoardmembers.

AllBoardmembershaveaffirmedtheircompliancewiththecode.AdeclarationtothiseffectsignedbytheChairmanoftheCompanyisgivenintheAnnualReport.

3. Audit Committee

TheCommitteecomprisesofindependentandnon-executivedirectorshavingfinancialbackgroundandknowledgeintheareaofbusinessoftheCompany.TheCommitteecomprisesofShriM.G.Patel,ShriBipinV.JhaveriandShriDhiren P. Mehta.

FourAuditCommitteeMeetingswereheldduringthefinancialyear2011-12i.e.on10th May 2011, 25th July 2011, 24th October 2011 and 30th January 2012.

AttendanceatAuditCommitteeMeetings:

Name Of The Member Designation No. Of Meetings Attended

Manubhai G. Patel Chairman 4

BipinV.Jhaveri Member 4

Dhiren P. Mehta Member 4

TheStatutoryAuditorsalsoattendedtheAuditCommitteeMeetings.

TheAuditCommitteeoftheCompanyhassuchpowersasaredetailedunderSection292AoftheCompaniesAct,1956andalsoClasue49oftheListingAgreement.TheBroadtermsofreferenceincludethefollowing:

1. Reviewing the performance of Company’s investments as reflected in the financial statements, as alsocompliance with accounting policies and practices, regulatory requirements concerning the said financialstatements.

2. OverseeingtheCompany’sfinancialreportingprocessandthedisclosureofitsfinancialinformationtoensurethatthefinancialstatementsareproperlydrawnup,sufficientandcredible.

3. Recommendingtheappointment/removalofStatutoryAuditors,fixationofAuditFeesandapprovalofpaymentsfor any other services to them.

4. ReviewingtheadequacyofInternalControlSystemsintheCompany.

5. DiscussingwiththeStatutoryAuditors,anysignificantfindingsintheirreports,takingsuitableactionnecessaryonsuchfindingswherenecessaryandfollow-upthereon.

6. BroadlyreviewingtheCompany’sfinancialandriskmanagementpolicies.

4. Remuneration of Directors

PresentlynoneoftheDirectorsoftheCompanyisdrawinganyremunerationexceptSittingFeesforeachMeetingoftheBoardortheirCommittees.

NonExecutiveDirectorswerepaidSittingFeesattherateof̀ 5,000/-(RupeesFiveThousandOnly)foreachMeetingoftheBoardofDirectorsorCommittee(s)thereof,attendedbythem.

TheCompanyhasnotadvancedanyloanstoanyoftheDirectors.

TheDirectors’SittingFeespaidinfinancialyear,2011-12andtheirshareholdingintheCompanyason31st March 2012aregivenbelow:

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• Non-Executives Directors

Name of Director Sitting Fees(`)

No. of Shares held % to Paid up Capital

AmitC.Choksey 25000 859000 17.90

BhanushankarR.Trivedi 25000 1000 0.02

BipinJhaveri 45000 6000 0.13

Dhiren Mehta 45000 -- --

Manubhai G. Patel 40000 -- --

PritiAChoksey 25000 506337 10.55

Vispi R Patel 5000 -- --

5. Shareholders/ Investors Grievances Committee:

TheMembersof theCompany’sShareholders / InvestorsGrievancesCommitteeareShriAmitCChoksey,ShriBhanushankarRTrivedi andShri DhirenPMehta. ShriAmitCChoksey is theChairman of theShareholders /InvestorsGrievanceCommittee.

TheCommitteemeetsasandwhenrequired,todealwiththemattersrelatingtotransfer/transmissionofshares,monitors redressal of complaints received from shareholders relating to transfer, non receipt of balance sheet, dividend declared etc.

During theyearunder review3correspondenceswere received fromCompany’sShareholdersonsubjectssuchas,Non-receiptofshareCertificate,Non-receiptofDividendwarrantandNon-receiptofAnnualReportwhichwererepliedintime.NoComplaintswerereceivedduringtheperiodunderreview.

ShriDhirenMehta,Director,hasbeenappointedastheComplianceofficer,asrequiredbytheListingAgreemententeredintowithBombayStockExchange.

Therearenopendinglegalmatters,inwhichtheCompanyhasbeenmadeaparty,beforeanyCourt(s)/ConsumerForum(s),SEBI,DepartmentofCompanyAffairsetc.,relatingtoInvestors’grievances/complaints.

WithreferencetoClause47(f)oftheListingAgreement,Companyhasestablishedexclusivee-mailIDdhirenmehta@aeonianinvestments.com for investors to register their grievances, if any, for immediate resolution of their complaints.

6. General Body Meetings

a. Details of last three Annual General Meetings (AGM) Held:

Financial Year

AGM No. Venue Day and Date Time

2010-11 30th

M.C.GhiaHall,Bhoghilal Hargovindas Building,2ndFloor,18/20,K.DubashMarg,KalaGhoda,Mumbai–400023

Tuesday,26thJuly,2011 10.30a.m

2009-10 29th Thursday,29thJuly,2010 10.30a.m

2008-09 28th Wednesday,29thJuly,2009 10.00a.m

b. NoSpecialResolutionwasrequiredtobepassedatthelastthreeAnnualGeneralMeetings(AGM).

c. Therewerenospecialresolutionsrequiredtobepassedthroughpostalballotduringthelastfinancialyear.

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7. Disclosures:

Transactionwithrelatedparties,asperrequirementofAccountingStandard18,isdisclosedelsewhereinthisAnnualReport.

TheCompany has complied with the requirements of the Stock Exchange, SEBI and other statutory regulatoryauthorities on all matters relating to capital market during the last three years, except the non-compliance ofRegulations6&8ofSEBI(SubstantialAcquisitionofSharesandTakeOver)Regulation,1997intheyear2004forwhichSEBIhasleviedapenaltyof`1,50,000/-.ThecompanyhasrepresentedtoSEBIforwaiverofthepenaltyonthe ground that change in the holding of the promoters was not reportable. No other penalties or strictures have been imposedontheCompanybytheStockExchanges,SEBIorotherstatutoryAuthorities.

TheCompanyhasreceivedshowcausenoticefromBombayStockExchange(BSE)fornon-compliancewithClause40AoftheListingAgreement.TheCompanyhasbriefedtheStockExchangeonthestepstakenbytheCompanytoincreaseliquidityinsharesoftheCompanyandwillingnessofthepromoterstobringdowntheirholdingsbysaleofsharesinthemarkettheCompanyishoweverworriedthatsuchdisinvestmentwillgoagainsttheinterestoftheminority shareholders.Theexchangehasalsobeen requested toadvise theCompany thealternatemethodsofincreasing public shareholding without hurting minority shareholders’ interest.

CEO and CFO Certification:

AcertificatefromShriDhirenP.MehtaCompany’sDirectoronthefinancialstatementsoftheCompanywasplacedbeforetheBoardofDirectorsoftheCompanyinitsMeetingheldon11thMay2012toapprovetheAuditedAnnualAccountsfortheyearended31stMarch,2012.

8. Means of Communication:

Halfyearly/QuarterlyResultshavenotbeensenttoShareholders;insteadtheShareholderswereintimatedthesethroughpress.TheCompanyalsoPosteditsQuarterlyResultsandQuarterlyShareholdingPatternonCompany’sWebsite: www. aeonianinvestment.com. TheresultswereintimatedtotheBombayStockExchangeattheendoftherespective Board Meetings.

Thequarterly,halfyearlyandannualresultsoftheCompany’sfinancialperformancewerepublishedinFreePressJournalandNavshakti.ResultswereinformedtotheBombayStockExchangeLtd.,beforemakingthempublic.

Management Discussion and Analysis forms part of the Annual Report and given in the report of the Board of Directors oftheCompany.

9. General Shareholders Information:

a) 31stAnnualGeneralMeetingwillbeheldonTuesday, 7th August, 2012 at10.30A.MatM.C.GhiaHall,BhoghilalHargovindasBuilding,2ndFloor,18/20,K.DubashMarg,KalaGhoda,Mumbai–400023.

b) TheCompany’sfinancialYearbeginson1stAprilto31stMarch

c) DatesofbookclosureTuesday, 31st July, 2012 to Tuesday, 7th August, 2012 (both days inclusive) for the Purpose of Annual General Meeting and payment of dividend.

d) DividendpaymentDate:NECS/dispatchofdividendwarrantonorafter9thAugust,2012.

e) ListingonStockExchanges:TheCompany’sEquitySharesarelistedonBombayStockExchangeLimited,Mumbai.TheAnnualListingfeehasbeenpaidfully.

f) TheCompanyhaspaid custodial fees for the year 2012-13 toNationalSecuritiesDepository LimitedandCentralDepositoryServices(India)Limited.

g) StockCode/Symbol

BombayStockExchangeLimited 503655

InternationalSecuritiesIdentificationNumber(ISIN) INE421F01027

CorporateIdentityNumber(CIN)–allottedbytheMinistryofCorporateAffairs

L65990MH1981PLC024860

10


h) MarketPriceData:

MonthlyhighandlowandclosingpricesoftheCompany’sEquitySharesandnumberofsharestradedduringeachmonthinthefinancialyear2010-11ontheBombayStockExchangeareasunder:

Month Year Bombay Stock Exchange LimitedHigh(`)

Low(`)

Close(`)

Total Number of Shares Traded

April 2011 185.00 128.00 150.00 12,504May 2011 158.50 118.20 140.05 9,887June 2011 154.00 120.00 153.00 20,891July 2011 159.00 130.00 145.00 9,145August 2011 167.00 112.15 126.95 5,715September 2011 150.00 116.10 124.90 2,642October 2011 139.40 108.10 120.50 3,467November 2011 126.95 107.00 112.30 2,350December 2011 121.80 103.15 108.00 4,459January 2012 128.45 103.00 115.75 2,556February 2012 127.00 107.30 108.60 9,332March 2012 114.70 102.00 105.50 14,764

i) StockPerformanceIndex:

j) RegistrarsandShareTransferAgents:

M/s. Link Intime India Private Ltd. continue to be theRegistrar andTransferAgents of theCompany, forprocessing transfers, handling correspondence with shareholders, splitting of shares and rendering depository servicessuchasdematerializationandrematerializationoftheCompany’sshares.AstheCompany’sSharesarecompulsorilytobetradedindematerializedform,Company’sShareholderswhostillholdthesesharesinphysical formare requested toopenDematAccountswithDepositoryParticipants registeredwithNationalSecuritiesDepositoryLtd.(NSDL)and/orCentralDepositoryServicesLtd.(CDSL)andgettheirsharesintheCompanydematerialized.

11


The Address of the Registrars and Share Transfer Agents are as under:

M/s. Link Intime India Private Ltd.

C-13,PannalalSilkMillsCompound,

L.B.S.Marg,Bhandup(West),

Mumbai–400078

Phone:(022)25963838

Fax:(022)25946969

Email:[email protected]

k) ShareTransferSystem:

Allsharessent for transfer inphysical formareregisteredbytheCompany’sRegistrarandShareTransferAgentswithinamaximumperiodof30daysofthelodgment,provideddocumentsarefoundinorder.Sharesunder objection are returned within two weeks.All requests for dematerialisation of shares are promptlyprocessedandconfirmationisgiventotherespectivedepositoriesi.e.NationalSecuritiesDepositoryLimited(NSDL)andCentralDepositoryServicesLimited(CDSL)within15days.

l) DistributionofShareholdingason31stMarch2012.

Category No. of Shareholders % to total No. of Shareholders

No. of shares % to total Shares

1-500 1879 85.53 1,50,384 3.13

501-1000 203 9.24 1,88,250 3.92

1001-2000 68 3.09 1,06,499 2.22

2001-3000 16 0.73 40,300 0.84

3001-4000 15 0.68 57,724 1.20

4001-5000 3 0.14 14,084 0.29

5001-10000 4 0.18 23,748 0.50

Above10001 9 0.41 42,19,011 87.90

Total 2197 100.00 48,00,000 100.00

CategoriesofShareholdingason31stMarch2012:

Sr.No. Category No. of Shares % of shareholding

1.

2.

Promoters’ HoldingIndian Promoters

Non promoters’ HoldingIndian PublicNon Resident IndiansOtherCorporateBodiesClearingMembers

41,74,037

6,11,9456,0856,3561,577

86.96

12.750.130.130.03

Total 48,00,000 100.00

12


m) Dematerialisation of Shares:

EquitySharesoftheCompanyaretobecompulsorilytradedinthedematerialisedform.Ason31stMarch2012,46,59,880EquitySharescomprisingof97.08%ofpaidupcapitaloftheCompany,havebeendematerialisedbytheinvestorsandbulkoftransferstakeplaceinthedematsegment.

n) OutstandingGDR’s/ADR’s/Warrantsoranyconvertible instruments,conversiondataand impactonequity:NIL

o) InvestorsCorrespondence:

Investorcorrespondencemaybeaddressedtoanyofthefollowing;

Registered Office Registrar & Share Transfer Agents

N.K.M. International House,178,BabubhaiChinaiMarg,BackbayReclamation,Churchgate,Mumbai–400020phone:(022)61457000Fax:(022)22838291Email:[email protected]

M/s.LinkIntimeIndiaPrivateLtd.C-13,PannalalSilkMillsCompound,L.B.S.Marg,Bhandup(West),Mumbai–400078Phone:(022)25963838Fax:(022)25946969Email:[email protected]

13


AUDITORS’ CERTIFICATE ON CORPORATE GOVERNANCE;

To the Members of Aeonian Investments Company Limited

WehaveexaminedthecomplianceoftheconditionsofCorporateGovernancebyAeonianInvestmentsCompanyLimitedfortheyearended31stMarch2012asstipulatedinClause49oftheListingAgreemententeredintowiththeBombayStockExchangeLimited,Mumbai.

TheComplianceofconditionsofCorporateGovernanceistheresponsibilityoftheManagement.Ourexaminationwaslimited to the procedures and implementation thereof, adopted by the Company for ensuring the compliance of theconditionsofCorporateGovernance.ItisneitheranauditnoranexpressionoftheopiniononthefinancialstatementsoftheCompany.

Inouropinionandtothebestofourinformationandexplanationsgiventous,wecertifythatthecompanyhascompliedwiththeconditionsofCorporateGovernanceasstipulatedintheabovementionedListingAgreement.

We state that in respect of investor grievances received, no investor grievances are pending for a period exceedingonemonthasper the recordsmaintainedby theCompanyandpresented to the Investors /ShareholdersGrievanceCommittee.

WefurtherstatethatsuchcomplianceisneitheranassuranceastothefutureviabilityoftheCompanynortheefficiencyoreffectivenesswithwhichthemanagementhasconductedtheaffairsoftheCompany.

For Ravi A Shah & Associates

Chartered Accountants

(Registration No.: 125079W)

Ravi A Shah

Proprietor

Membership No. 116667

Mumbai,11thMay2012

Declaration – Code of Conduct

I,AmitC.ChokseyChairmanofAeonianInvestmentsCompanyLimitedherebydeclarethatalltheBoardMembersoftheCompanyhaveaffirmedthecompliancewiththe‘CodeofConduct’oftheCompanylaidfortheminrespectofthefinancialyear2011-12.

For Aeonian Investments Company Ltd.

Amit C. Choksey

Chairman

Mumbai,11thMay2012

14


FORM[SeeRule3]

Compliance Certificate

AuthorisedShareCapital :`1,00,00,000/-

CorporateIdentityNumber :L65990MH1981PLC024860

To,

The Members,

Aeonian Investments Company Limited

N. K. Mehta International House,

178,BackbayReclamation,

BabubhaiM.ChinaiMarg,

Mumbai-400020

Wehaveexaminedtheregisters,records,booksandpapersof M/s. Aeonian Investments Company Limited (the Company) asrequiredtobemaintainedundertheCompaniesAct,1956(the Act) and the rules made there under and also the provisions contained in the Memorandum and Articles of AssociationoftheCompany,forthefinancialyearendedon 31st March 2012 (financial year). In our opinion and according to the examination carried out by us andexplanations furnished tousby theCompany, itsofficersandagents,andtothebestofourknowledgeandbelief,wecertifythatinrespectoftheaforesaidfinancialyear:

1. TheCompanyhaskeptandmaintainedtheregistersas stated in Annexure ‘A’tothiscertificate,aspertheprovisions of the Act and the rules made thereunder and entries therein have been duly recorded.

2. The Company has duly filed the forms and returnsas stated in Annexure ‘B’ to this certificate, withthe Registrar of Companies, Maharashtra, Mumbai,withintimeprescribedundertheCompaniesAct,1956and the rulesmade there under.TheCompany hasnot filed any documents with the Regional Director,Central Government, Company Law Board or anyother authorities under the Act.

3. TheCompanybeingaPublicLimitedCompany,hasthe paid upcapital of `96,00,000/-(RupeesNinetySixLacsonly)ason31stMarch2012andtherestrictiveprovisions of Section 3(1) (iii) of the Act are not

applicable.

4. The Board of Directors duly met 5 (Five) times respectively on 10th May 2011, 25th July 2011, 24th October 2011, 30th January 2012 and 26th March 2012 and as per information and explanation givenby the management, proper notices were given and the proceedings were properly recorded and signed, including the circular resolutions passed, in the MinutesBookmaintainedforthepurpose.

5. The Company closed its Register of Members from19thJuly2011to26thJuly2011(bothdaysinclusive)and necessary compliance of Section 154 of the Act has been made.

6. The Annual General Meeting for the financial yearended on 31st March 2011 was held on 26th July 2011 andasperinformationandexplanationgivenbythemanagement, theCompanyhasgivenadequatenotice to the members of the Company and theresolutions passed thereat were duly recorded in the MinutesBookmaintainedforthepurpose.

7. NoExtra-OrdinaryGeneralMeetingwasheldduringthefinancialyear.

8. The Company has not advanced any loan to itsDirectorsand/orpersonsorfirmsorcompaniesreferredinthesection295ofthecompaniesAct1956.

9. The Company has not entered into any contractsfallingwithinthepurviewofSection297oftheActinrespectofcontractsspecifiedinthatSection.

10. The Company has made necessary entries in theregistermaintainedunderSection301oftheAct.

11. As there were no instances falling within the purview of Section314oftheAct,theCompanyhasnotobtainedany approvals from the Board of Directors, members orCentralGovernment.

12. Thedulyconstituted InvestorsGrievanceCommitteeof Directors has approved the issue of duplicate share certificates.

13. TheCompany:

(i) has delivered all the share certificates onlodgement thereof for transfer / transmission or any other purpose in accordance with the provisions of the Act. The Company has notmadeanyallotmentofsharesduringthefinancialyear.

(ii) has deposited the amount of dividend declared attheAnnualGeneralMeetingheldon26thJuly2011intoaseparateBankaccounton26thJuly2011whichwaswithinfivedaysfromthedateofdeclaration of such dividend.

15


(iii) has posted warrants for dividends to all members withinaperiodof30(thirty)daysfromthedateofdeclaration in respect of dividend declared at the AnnualgeneralMeetingheldon26thJuly2011and that all unclaimed / unpaid dividend has been transferred to Un-paid dividend Account of the CompanywithKotakMahindraBank,Mumbai.

(iv) pursuant to the provisions of section 205C ofthe Companies Act, 1956, unclaimed dividendpertaining to the financial year ended on 31stMarch2004whichremainedunclaimedorunpaidfor a period of seven years, have been transferred totheInvestorEducationandProtectionFund.

(v) has duly complied with the requirements ofsection217oftheAct.

14. The Board of Directors of the Company is dulyconstituted. The Company has appointed Mr. VispiPatelasanAdditionalDirectorw.e.f.26.03.2012andappointment of directors retiring by rotation was duly madeduringthefinancialyear.

15. The Company has not appointed any ManagingDirector / Whole-time Director / Manager during the financialyear.

16. The Company has not appointed any sole sellingagentduringthefinancialyear.

17. TheCompanywasnotrequiredtoobtainanyapprovalsof the Central Government, Company Law Board,Regional Director, Registrar or such other authorities as prescribed under the various provisions of the Act duringthefinancialyear.

18. TheDirectorshavedisclosedtheirinterestinotherfirms/CompaniestotheBoardofDirectorspursuanttotheprovisions of the Act and the rules made thereunder.

19. The Company has not issued any shares or othersecuritiesduringthefinancialyear.

20. TheCompanyhasnotboughtbackanysharesduringthefinancialyear.

21. There was no redemption of preference shares ordebenturesduringthefinancialyear.

22. There were no transactions necessitating theCompanytokeepinabeyancetherightstodividend,rights shares & bonus shares pending registration.

23. TheCompanyhasnotinvited/acceptedanydepositsincludinganyunsecuredloansduringthefinancialyearwhichisfallingwithinthepurviewofsection58Areadwith theCompanies (Acceptance ofDeposit) Rules,1975/theapplicabledirectionsissuedbytheReserveBankofIndia/anyotherauthorities.

24. TheCompany has notmade any borrowings during

thefinancialyear.

25. The principal business of the Company beingacquisitionandinvestmentinshares,stock,debenturesorothersecurities,theprovisionsofSection372Aofthe CompaniesAct, 1956, are not applicable to theCompany.

26. The Company has not altered the provisions ofthe Memorandum with respect to situation of the Company’sregisteredofficefromoneStatetoanotherduringthefinancialyear.

27. The Company has not altered the provisions oftheMemorandumwith respect to the objects of theCompanyduringthefinancialyear.

28. The Company has not altered the provisions of theMemorandumwith respect tonameof theCompanyduringthefinancialyear.

29. The Company has not altered the provisions of theMemorandum with respect to share capital of the Companyduringthefinancialyear.

30. TheCompanyhasnotaltereditsArticlesofAssociationduringthefinancialyear.

31. Therewerenoprosecution initiatedagainstor showcausenoticesreceivedbytheCompanyandnofinesor penalties or any other punishment was imposed on the Company during the financial year, for offencesunder the Act.

32. TheCompanyhasnotreceivedanymoneyassecurityfromitsemployeesduringthefinancialyear.

33. Theprovisionsofsection418oftheCompaniesAct,1956 are not applicable since theCompany has noemployees.

For MANISH GHIA & ASSOCIATES

Company Secretaries

Place: Mumbai Manish L. Ghia Date:11thMay2012 Partner

M. No. FCS 6252 C. P. No. 3531

16


ANNEXURE “A”Registers Maintained by M/s. Aeonian Investments Company Limited 1) Register of Members under section 150 of the

CompaniesAct,1956.

2) IndexofMembersundersection151oftheCompaniesAct,1956.

3) RegisterofShareTransfers/transmission.

4) Register and Returns under section 163 of theCompaniesAct,1956 (includingcopiesofallannualreturnspreparedunderSection159&Section160oftheCompaniesAct,1956).

5) Register of Directors under Section 303 of theCompaniesAct,1956.

6) Register of Contracts and Disclosure of DirectorsInterest under section 301 of the Companies Act,1956.

7) RegisterofDirectorsshareholdingsundersection307oftheCompaniesAct,1956.

8) MinutesBook of theMeetings of Board ofDirectorsand General Meetings under Section 193 of theCompaniesAct,1956.

9) RegisterofDirectorsAttendance.

10) RegisterofShareholders’/ProxyAttendance.

11) RegisterofRenewal,Split,ConsolidationandDuplicateShareCertificates.

ANNEXURE “B”Forms and Returns filed by M/s. Aeonian Investments Company Limited during the financial year ended on 31st March 2011:A) With the Registrar of Companies, Maharashtra, Mumbai

Sr. No.

E-formNo.

Relevant Section Description Date of

filing

Whether filed

within prescribed

time Yes / No

If delay in filing whether

requisite additional fee

paid Yes / No

1. 1-INV 205C Particulars of Transfer of Unclaimed Dividend of ̀ 78,000/-pertainingtofinancialyear2003-04totheInvestorEducationandProtectionFund.

12.07.2011 Yes N. A.

2. 66 383A ComplianceCertificateunderSection383AoftheCompaniesAct,1956fortheyearendedon31stMarch2011.

28.07.2011 Yes N. A.

3. 23AC/ACA

220(1) Schedule – VI (Annual Accounts) for the financial year ended 31stMarch2011.

16.08.2011 Yes N. A.

4. 20B 159(1) Schedule – V (Annual Return) as on the date of Annual General Meeting i.e.26thJuly2011.

13.09.2011 Yes N. A.

5. 32 303(2) Appointment of Mr. Vispi Patel as an Additional Director w.e.f. 26.03.2012

27.03.2012 Yes N. A.

B) With the Office of the Regional Director, Western Region

Nil

C) With the Office of the Ministry of Corporate Affairs (Central Government) at Delhi

Nil

D) With any other Authorities as prescribed under the Act.

Nil

17


AUDITORS’ REPORT

ToThe Members

Aeonian Investments Co. Ltd.

We have audited the attached Balance Sheet of AEONIAN INVESTMENTS COMPANY LIMITED, MUMBAI, as at 31stMarch,2012,therelatedProfit&LossAccountfortheyearendedonthatdateannexedthereto,andtheCashFlowStatementfortheyearendedonthatdate,whichwehavesignedunderreferencetothisreport.ThesefinancialstatementsaretheresponsibilityofthemanagementoftheCompany.Ourresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.

WeconductedourauditinaccordancewithauditingstandardsgenerallyacceptedinIndia.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatement.Anauditincludes,examiningonatestbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements.Anauditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmadebymanagement,aswellasevaluating theoverallpresentationof thefinancialstatementpresentation.Webelieve that our audit provides a reasonable basis for our opinion.

AsrequiredbytheCompanies(Auditor’sReport)Order,2003,issuedbytheCentralGovernmentofIndiaintermsofsub–section(4A)ofSection227oftheCompaniesAct,1956,weencloseintheAnnexureastatementonthemattersspecifiedinparagraphs4and5ofthesaidOrdertotheextentapplicable.

FurthertoourcommentsintheAnnexurereferredtoabove,wereportthat:

a) Wehaveobtainedall the informationandexplanationswhich to thebestofourknowledgeandbeliefwerenecessaryforthepurposeofouraudit;

b) Inouropinion,properbooksofaccounts,as requiredby law,havebeenkeptby theCompany,so faras itappearsfromourexaminationoftheBooksoftheCompany;

c) TheBalanceSheet,Profit&LossAccountandCashFlowStatementdealtwithbythisreportareinagreementwiththeBooksofaccountsoftheCompany;

d) Inouropinion,theBalanceSheet,ProfitandLossAccountandCashFlowStatementdealtwithbythisreportcomplywith theAccountingStandards referred to insub-section (3C)ofSection211of theCompaniesAct,1956,totheextentapplicable.

e) OnthebasisofwrittenrepresentationsreceivedfromtheDirectorsandtakenonrecordbytheBoardofDirectors,wereportthatnoneoftheDirectorsisdisqualifiedason31stMarch,2012frombeingappointedasaDirectorintermsofclause(g)ofsub-section(1)ofSection274oftheCompaniesAct,1956.

f) Inouropinion,andtothebestofourinformationandaccordingtotheexplanationsgiventous,thesaidAccountsreadtogetherwiththenotesthereongivestheinformationrequiredbytheCompaniesAct,1956,inthemannersorequiredandpresentatrueandfairviewinconformitywiththeaccountingprinciplesgenerallyacceptedinIndia :

i) inthecaseofBalanceSheetofthestateofaffairsoftheCompanyasat31stMarch,2012.

ii) inthecaseofProfit&LossA/coftheProfitfortheyearendedonthatdate;and

iii) inthecaseoftheCashFlowStatement,ofthecashflowsfortheyearendedonthatdate.

for RAVI A. SHAH & ASSOCIATES


Ravi A. Shah, Proprietor

Mumbai,11thMay2012 Membership No. 116667, Firm No.: 125079W

18


Annexure referred to in the Auditor’s Report on the Accounts of AEONIAN INVESTMENTS COMPANY LIMITED for the year ended 31st March, 2012.

1. Inouropinionandaccordingtotheinformationandexplanationsgiventous,thenatureoftheCompany’sbusiness/activitiesduringtheyeararesuchthatclausesii,xiii,xvi,xvii,xviii,xix,xxarenotapplicabletotheCompany.

2. Inrespectofitsfixedassets:

a) TheCompanyhasmaintainedproperrecordsshowingfullparticulars,includingquantitativedetailsandsituationoffixedassets.

b) Asexplained tous, thesamehavebeenphysicallyverifiedby theManagementduring theyear.Asper theinformation and explanations given to us, no discrepancies were noticed on such physical verification ascomparedwiththeBooksofAccounts.

c) TheCompanyhasnotdisposedoffsubstantialpartoffixedassetsduringtheyear.

3. TheCompanyhasnottakenanyloansfrompartieslistedundertheregistermaintainedunderSection301oftheCompaniesAct1956.ThecompanyhasgrantedaloantoaCompanylistedundertheregistermaintainedunderSection301oftheCompaniesAct1956.Theyearendbalanceoftheseloansaggregateto`6,55,18,981/-andthemaximumamountoutstandingduringtheyearbeing`6,55,54,104/-.Inouropinionandaccordingtotheinformationandexplanationsgiventous,therateofinterestandothertermsandconditionsoftheloangivenbytheCompanyarenot,primafacie,prejudicialtotheinterestoftheCompany.

4. Inouropinionandaccording to the informationandexplanationsgiventous, thereareadequate internalcontrolprocedurescommensuratewiththesizeoftheCompanyandnatureofitsbusinesswithregardtothepurchaseofinventoryandfixedassetsandforthesaleofgoodsandservices,ifanyandtherehavebeennomajorweaknessinthe internal control procedure.

5. Tothebestofourknowledgeandbeliefandaccordingtotheinformationandexplanationsgiventous,inrespectoftransactionsenteredintheregistermaintainedinpursuanceofSection301oftheCompaniesAct,1956:

a) all the transactions that needed to be entered into the register have been so entered.

b) the transactions made in pursuance of such contracts or arrangements have been made at prices which are reasonablehavingregardtotheprevailingmarketpricesattherelevanttime.

6. InouropinionandaccordingtotheinformationandexplanationsgiventoustheCompanyhasnotacceptedanydepositswithinthemeaningofSection58A,58AAoranyotherrelevantprovisionsoftheCompaniesAct,1956andthe rules framed there under.

7. Inouropinion,theCompanyhasaninternalauditsystemcommensuratewiththesizeoftheCompanyandnatureofits business.

8. TherequirementsofmaintainingcostaccountsandrecordsasprescribedbytheCentralGovernmentundersection209(1)(d)oftheCompaniesAct,1956arenotapplicabletotheCompany.

9. AccordingtotheinformationandexplanationsgiventousinrespectofstatutoryandotherduestheCompanyhasbeenregularindepositingundisputedstatutorydues,includingincometax,wealthtax,wheneverapplicable,withtheappropriate authorities during the year.

The following dues have not been deposited on account of pending disputes:

Nature of Dues Amount (`) Nature of dispute and Forum where pending

IncomeTaxAssessmentYear2009-2010 401,640/- Rectificationu/s.154pendingwithAssessingOfficer

10. TheCompanydoesnothaveanyaccumulated lossesasat theendof thefinancialyear.TheCompanyhasnotincurredcashlossesduringthecurrentandimmediatelyprecedingfinancialyear.

11. Accordingtotheinformationandexplanationsgiventous,theCompanyhasnotobtainedanyborrowingsfromanybank,financialinstitutions,orbywayofdebentures.

19


12. Accordingtotheinformationandexplanationsgiventousandbasedonthedocumentsandrecordsproducedtous,theCompanyhasnotgrantedloansandadvancesonthebasisofsecuritybywayofpledgeofshares,debenturesand other investments.

13. Inrespectofdealinginshares,securities,debenturesandotherinvestments, inouropinionandaccordingtotheinformationandexplanationsgiventous,properrecordshavebeenmaintainedofthetransactionsandcontractsandtimely entries have been maintained therein. The shares, securities, debentures and other securities have been held bytheCompany,initsownname.

14. In our opinion and according to the information and explanations given to us, theCompany has not given anyguaranteesforloanstakenbyothersfrombanksandfinancialinstitutions.

15. Basedupontheauditproceduresand informationandexplanationsgivenbythemanagement,wereport thatnofraudonorbytheCompanyhasbeennoticedorreportedduringthecourseofouraudit.

for RAVI A. SHAH & ASSOCIATES


Ravi A. Shah, Proprietor

Mumbai,11thMay2012 Membership No. 116667, Firm No.: 125079W

20


BALANCE SHEET AS AT MARCH 31, 2012(` In thousands)

Particulars Note No. As at As at March 31, 2012 March 31, 2011

I. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share capital 2(1) 9,600 9,600 (b) Reserves and surplus 2(2) 893,177 877,993 (c) Money received against share warrants - -

902,777 887,593 (2) Share application money pending allotment - - (3) Non-current liabilities(a)Long-termborrowings - - (b)Deferredtaxliabilities(Net) - - (c) Other long term liabilities - - (d)Long-termprovisions - -

- - (4) Current liabilities (a) Short-term borrowings - - (b) Trade payables 2(3) 1,686 1,552 (c) Other current liabilities 2(4) 3,169 1,501 (d) Short-term provisions 2(5) 22,378 22,605

27,234 25,658TOTAL 930,011 913,251 II. ASSETS (1) Non-current Assets(a)FixedAssets (i) Tangible assets 2(6) 48,503 51,693 (ii) Intangible assets - - (iii)Capitalwork-in-progress - - (iv) Intangible assets under development - -

48,503 51,693 (b) Non-current investments 2(7) 708,713 659,944(c)Deferredtaxassets(net) - - (d)Long-termloansandadvances 2(8) 77,457 76,199 (e) Other non-current assets - -

834,674 787,835 (2)CurrentAssets(a)Currentinvestments 2(9) 92,107 122,303 (b) Inventories - - (c) Trade receivables - - (d)Cashandcashequivalents 2(10) 3,169 3,083 (e) Short-term loans and advances - - (f)OtherCurrentassets 2(11) 61 29

95,337 125,415 TOTAL 930,011 913,251

SignificantAccountingPolicies 1Notes to the Balance Sheet 2Other Notes 4

As per our report of even date For RAVI A. SHAH & ASSOCIATES For and on behalf of the BoardCharteredAccountants

Ravi A. Shah, Proprietor Amit Choksey Bipin Jhaveri Dhiren MehtaMembershipNo.116667DirectorDirectorDirectorFirmregistrationNo.125079WPlace: Mumbai Place: Mumbai Date:May11,2012Date:May11,2012

21


STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2012(` In thousands)

Particulars Note No. 2011 - 2012 2010 - 2011

I. Revenue from operations 3(1) 6,410 5,364II. Other income 3(2) 43,435 32,815III. Total Revenue (I + II) 49,845 38,179

IV. Expenses:Costofmaterialsconsumed - - Purchasesofstock-in-trade - - Changesininventoriesoffinishedgoods,work-in-progress - - Employeebenefitsexpense - - Finance costs - - Depreciationandamortizationexpense 2(6) 3,189 3,541Otherexpenses 3(3) 3,057 19,368Total Expenses 6,246 22,909

V. Profitbeforeexceptionalandextraordinaryitemsandtax(III-IV) 43,599 15,270VI. Exceptionalitems - - VII. Profitbeforeextraordinaryitemsandtax(V-VI) 43,599 15,270VIII. Extraordinaryitems - - IX. Profitbeforetax(VII-VIII) 43,599 15,270 X. TaxExpenses:

(1)CurrentTaxIncomeTax 5,400 500WealthTax 700 700(Excess)/Shortprovisionforpreviousyears - (655)(2)DeferredTax - -

XI. Profit/(Loss)fortheperiodfromcontinuingoperations(VII-VIII) 37,499 14,725XII. Profit/(Loss)fromdiscontinuingoperations - - XIII. Taxexpenseofdiscountinuingoperations - - XIV. Profit/(Loss)fromdiscontinuingoperations(aftertax)(XII-XIII) - - XV. Profit/(Loss) for the year (XI + XIV) 37,499 14,725 XVI. Earningsperequityshare:Basic&Diluted 3(4) 7.81 3.07

SignificantAccountingPolicies 1NotestotheStatementofProfitandLoss 3Other Notes 4



22


CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2012(` In thousands)

Year ended Year ended March 31, 2012 March 31, 2011

A. Cash Flow from Operating ActivitiesNetProfitbeforetaxation 43,599 15,270 Adjustmentsfor:ProfitonSaleofInvestments(Net) (24,835) (18,685)Provision made for Standard assets 160 160Depreciationonfixedassets 3,189 3,541Dividend received (18,600) (14,126)OperatingProfitbeforeWorkingCapitalchanges 3,513 (13,839)Adjustmentsfor:(Increase)/Decrease in long term loans and advances (1,419) (11,100)(Increase)/Decrease in other current assets (32) 30Increase/(Decrease) in trade payables 135 226Increase/(Decrease) in other currrent liabilities 1,668 135CASHGENERATEDFROMOPERATIONS 3,866 (24,548)IncometaxPaid (9,441) (3,303)NetCashinflowfrom/(outflow)fromOperatingactivities (5,576) (27,851)

B. Cash Flow from Investing ActivitiesPurchase of investments - Non current (306,156) (248,836)Purchaseofinvestments-Current (241,462) (377,001)Sale Proceeds from investments - Non current 282,230 299,594SaleProceedsfrominvestments-Current 271,650 313,631Dividend received 18,600 14,126NetCashinflowfrom/(outflow)fromInvestingactivities 24,862 1,513

C. Cash Flow from Financing ActivitiesDividend paid (19,200) (19,200)NetCashinflowfrom/(outflow)fromFinancingactivities (19,200) (19,200)

Netincrease/(decrease)incashandcashequivalents 86 (45,538)

Opening Cash and Cash EquivalentsCashinhand 6 0Bankbalances 3,076 48,619

3,083 48,620

Closing Cash and Cash EquivalentsCashinhand 6 6 Bankbalances 3,163 3,076

3,169 3,083



23


NOTE 2: NOTES TO THE BALANCE SHEET(` In thousands)

1 - SHARE CAPITAL

a. Details of authorised, issued and subscribed share capital

Particulars As at March 31, 2012 As at March 31, 2011

AuthorisedCapital

5000000EquitySharesof`2/-each 10,000 10,000

IssuedCapital,SubscribedandPaidup

4800000EquitySharesof`2/-each,fullypaidup 9,600 9,600

9,600 9,600

b. Shareholders holding more than 5% shares

Name of ShareholderAs at March 31, 2012 As at March 31, 2011

No of Equity shares held

Percentage No of Equity shares held

Percentage

AbhirajTrading&InvestmentsPLtd 990500 20.64 990500 20.64

AmitC.Choksey 859000 17.90 859000 17.90

AmitChokseyH.U.F. 545000 11.35 545000 11.35

PritiAmitChoksey 506337 10.55 506337 10.55

NamrataAmitChoksey 637000 13.27 633000 13.19

AnkitaAmitChoksey 636200 13.25 636200 13.25

NOTE 1: SIGNIFICANT ACCOUNTING POLICIES

Basis of Preparation of Financial Statements

TheaccountsarepreparedunderthehistoricalcostconventioninaccordancewiththeAccountingStandardsspecifiedbytheInstituteofCharteredAccountantsofIndiaandtherelevantprovisionsoftheCompaniesAct,1956.

Use of estimates

ThePreparation of financial statements in conformitywithGenerallyAcceptedAccountingPrinciples (GAAP) in Indiarequiresmanagementtomakeestimatesandassumptionsthateffectthereportedamountofassetsandliabilitesandthedisclosureofcontingentliabilitiesonthedateoffinancialstatmentsandthereportedamountofrevenueandexpensesduring the reporting period. Actual results could defer from those estimates. Any revision to accounting estimates is recognished prospectively in current and future period.

Method of Accounting

The company follows accrual basis of accounting.

Fixed Assets

FixedAssetsarecapitalisedatcostinclusiveofrelatedexpenses.DepreciationonfixedassetsisprovidedonwrittendownvaluemethodintermsofSection205(2)(a)oftheCompaniesAct,1956attheratesprescribedinScheduleXIVoftheCompaniesAct,1956

Investments

LongTerm(NonCurrent)Investmentsarevaluedatcostofacquisitionwhichincludesbrokerages,feesandrelatedcosts.ShortTerm(Current)investmentsarecarriedatLowerofcostandmarketvalue.LongtermInvestmentsarecarriedatcostand provision for diminution in value of long term investments is made only if, in the opinion of the management, such a decline if other than temporary in nature.

24


NOTE 2: NOTES TO THE BALANCE SHEET(` In thousands)

c. Reconciliation of number of shares

ParticluarsAs at March 31, 2012 As at March 31, 2011

Number ` In thousands

Number ` In thousands

Shares outstanding at the beginning of the year 4800000 9,600 4800000 9,600

Shares Issued during the year - - - -

Sharesboughtbackduringtheyear - - - -

Shares outstanding at the end of the year 4800000 9,600 4800000 9,600

NOTE 2: NOTES TO THE BALANCE SHEET

2 - RESERVES AND SURPLUS(` In thousands)

Particulars As at March 31, 2012

As at March 31, 2011

a. Reserve Fund in terms of Section 45 (1C)(i)

of the Reserve Bank of India Act, 1934

Opening Balance 231,700 228,700

(+)CurrentYearTransfer 7,600 3,000

(-)WrittenBackinCurrentYear - -

ClosingBalance 239,300 231,700

b. General Reserve :

Opening Balance 157,350 155,850

(+)CurrentYearTransfer 3,800 1,500

(-)WrittenBackinCurrentYear - -


c. Surplus

Opening balance 488,943 501,032

(+)NetProfit/(NetLoss)Forthecurrentyear 37,499 14,725

(+) Transfer from Reserves - -

(-) Proposed Dividends 19,200 19,200

(-)TaxonProposedDividends 3,115 3,115

(-) Transfer to Reserves 11,400 4,500


GRAND TOTAL 893,177 877,993

25



3 - TRADE PAYABLES(` In thousands)



Trade Payables

DuetoMicroandSmallEnterprises - -

OtherthanMicroandSmallEnterprises 1,686 1,552

Total 1,686 1,552

4 - OTHER CURRENT LIABILITIES



Unpaid dividends 1,575 1,473

Others - -

TDS payable 36 28

Duetobrokerforinvestmentspurchased 1,558 -

Total 3,169 1,501

5 - SHORT-TERM PROVISIONS



ProvisonforIncomeTax(NetofIncometaxespaid) 64 291

Proposed dividend 19,200 19,200

CorporateDividendTaxonProposedDividend 3,115 3,115

Total 22,378 22,605

26

Annual Report 2011-2012N

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Building-(Office)

68,722

- -

- 68

,722

20,920

2,390

- -

23,3

10

45,4

12

47,802

Furn

iture

&

Fixtures

7,024

- -

- 7,

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5,792

230

- -

6,02

1 1,

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1,232

Vehi

cles

4,318

- -

- 4,

318

2,610

442

- -

3,05

2 1,

266

1,708

OfficeEquipment

2,193

- -

- 2,

193

1,246

127

- -

1,37

2 82

1 947

Com

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90

- -

- 90

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50

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- 50

47

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,397

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- -

82,3

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30,7

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- 33

,894

48

,503

51

,693

PreviousYear

82,397

- -

- 82

,397

27,164

3,541

- -

30,7

05

51,6

93

55,233

27



7-NON-CURRENTINVESTMENTS

(` In thousands)Particulars As at

March 31, 2012 As at

March 31, 2011

A. Trade Investments -

-

B.OtherInvestments(ReferAbelow);statedatcost;Fullypaid;inEquityinstrumentsQuoted:

in Associate companies 58,317 58,317

in others 564,178 515,409

Unquoted:

in Associate companies - -

in others 86,218 86,218

708,713 659,944

TOTAL (A+B) 708,713 659,944

Less:ProvisionfordimunitioninthevalueofInvestments - -

708,713 659,944



Aggregateamountofquotedinvestments 622,495 573,726

Aggregateamountofunquotedinvestments 86,218 86,218

Agregatemarketvalueofquotedinvestments 766,198 795,064

28



7-NON-CURRENTINVESTMENTS

A. Details of others Investments

(` In thousands)

Sr. No. Name of the Body Corporate Face

Value (`)

No. of Shares / Units Amount

March 31, 2012

March31,2011

March 31, 2012

March31,2011

1 Investment in Equity shares (Quoted)in Associate companiesSunshieldChemicalsLtd 10 2,355,847 2,355,847 58,317 58,317

in others (non associate companies)ApcotexIndustriesLimited 10 80,900 80,900 1,967 1,967

AsianPaintsLimited 10 42,245 42,245 46 46

AxisBankLtd 10 39,975 - 46,118 -

BajajAutoLtd 10 17,975 45,900 20,116 51,368

CenturyTextiles&IndustriesLtd 10 67,650 54,250 41,851 38,216

Cox&KingsLtd 5 178,800 - 38,256 -

ExideIndustriesLtd 1 177,225 537,900 18,423 55,916

InfosysLtd 5 8,050 - 23,083 -

INGVysyaBankLtd 10 56,800 - 17,526 -

IpcaLabLtd 2 67,200 - 17,678 -

JainIrrigationLtd 2 236,800 - 26,165 -

J.K.CementLtd 10 109,000 109,000 20,699 20,699

Jammu&KashmirBankLtd 10 25,700 25,700 19,635 19,635

KajariaCeramicsLtd 2 164,050 - 16,723 -

KalpataruPowerTransmissionLtd 2 157,500 157,500 33,706 33,706

KirloskarBrothersLtd. 2 - 58,450 - 25,381

KirloskarBrothersInvestmentsLtd. 10 - 3,895 - -

KotakMahindraBankLtd 5 - 47,000 - 11,725

LakhaniIndiaLimited 10 500 500 60 60

LupinLtd 2 61,200 81,000 17,700 22,922

29


(` In thousands)

Sr. No. Name of the Body Corporate Face

Value (`)

No. of Shares / Units Amount

March 31, 2012

March31,2011

March 31, 2012

March31,2011

MahendraHolidays&ResortIndiaLtd 10 81,400 81,400 38,088 38,088

MuthootFinLtd 10 114,400 - 20,758 -

OptoCircuits(India)Ltd 10 201,370 160,500 27,623 28,622

OracleFinancialServiceSoftwareLtd 5 7,925 9,550 17,564 21,196

RelianceIndustriesLimited 10 3,744 20,269 52 7,198

SKumarsNatiowideLtd 10 422,150 432,100 31,121 31,854

StateBankofIndia 10 - 4,875 - 7,210

ShreeBhavaniPaperMillsLtd 10 1,950 1,950 44 44

ShyamTelLinkLtd 10 2,382 2,382 - -

SunTVNetworkLtd 5 130,600 80,450 36,517 33,969

TataConsultancyServicesLtd 1 - 5,750 - 6,335

TrigynTechnologiesLtd 10 200 200 74 74

UnitedPhosprousLtd 2 213,700 - 32,584 -

VoltasLtd 1 - 240,350 - 29,241

WelspunCorp.Ltd 5 - 182,450 - 29,936

564,178 515,409

2 Investment in Equity shares (Unquoted)in Associate companies - - - - in others (non associate companies)

MazdaColoursLimited 10 536,360 536,360 79,458 79,458

CybeleParadisePvt.Ltd. 10 507,000 507,000 6,760 6,760

86,218 86,218

30



8-LONG-TERMLOANSANDADVANCES

(` In thousands)Particulars As at


March 31, 2011

a. Capital Advances Secured, considered good - -

Unsecured, considered good - -

Doubtful - -

Less:Provisionfordoubtfuladvances - -

- -

b. Security Deposits Secured, considered good - -

Unsecured, considered good 12,259 12,259

Doubtful - -

Less:Provisionfordoubtfuldeposits - -

12,259 12,259

c. Loans and advances to related partiesSecured, considered good - -

Unsecured, considered good, includes interest accrued and due

65,519 64,100

Doubtful - -

Less:ProvisionforStandardassets(0.25%)asrequiredbyRBI regulations

(321) (160)

65,198 63,940

TOTAL 77,457 76,199

31



9-CURRENTINVESTMENTS

(` In thousands)

ParticularsNo. of Shares / Units As at

March 31, 2012 March 31, 2011 March 31, 2012 March 31, 2011 Investments in Mutual Funds; Unquoted; at cost; fully paid up

IDFCMMFTreasuryPlan-DailyDividend 391488.732 273211.443 3,927 2,739

RelianceLiquidFund 5756617.892 7807645.886 88,181 119,564

92,107 122,303

Less:ProvisionfordimunitioninthevalueofInvestments

- -

92,107 122,303

Particulars As at


March 31, 2011

Aggregateamountofquotedinvestments - -

Aggregateamountofunquotedinvestments 92,107 122,303

Agregatemarketvalueofquotedinvestments - -

10-CASHANDCASHEQUIVALENTS(` In thousands)



a.Balanceswithbanks 123 1,574

b.Cheques,draftsonhand 1,454 -

e.Unpaiddividendsbankaccounts 1,585 1,502

d.Cashonhand 6 6

3,169 3,083

11-OTHERCURRENTASSETS(` In thousands)



PrepaidExpenses 61 29

61 29

32


NOTE 3: NOTES TO THE STATEMENT OF PROFIT AND LOSS

1-REVENUEFROMOPERATIONS(` In thousands)

Particulars 2011 - 2012 2010 - 2011

Interest 6,410 5,364

Rent - -

Otherfinancialservices - -

6,410 5,364

2-OTHERINCOME

Particulars 2011 - 2012 2010 - 2011Dividend Income

from current investments 7,052 5,701

fromLongterminvestments 11,548 8,425

Net gain/loss on sale of investments

from current investments 24,843 18,634

fromLongterminvestments (8) 51

Other non-operating income (net of expenses directlyattributable to such income)

- 4

43,435 32,815

33


NOTE 3: NOTES TO THE STATEMENT OF PROFIT AND LOSS

3-OTHEREXPENSES

(` In thousands)Particulars 2011 - 2012 2010 - 2011

Rent 107 107

LegalandProfessional 670 16,744

SecuritiesTransactionTax 720 675

Demat and Financial charges 129 147

AdvertisementExpenses 75 66

ServiceCharges 333 334

Directors Meeting Fees 210 175

MotorCarexpenses 70 109

Provision for Standard assets 160 160

Auditors Remuneration 114 114

ElectricityCharges 117 178

MiscellaneousExpenses 354 560

3,057 19,368

4-EARNINGSPEREQUITYSHARES

(` In thousands)Particulars 2011 - 2012 2010 - 2011

Basic&DilutedEarningsperShare

Profit/(Loss)attributabletoEquityshareholders(inRupeesthousands) 37,499 14,725

Weightedaveragenumberofequityshares(inthousands) 4,800 4,800

Basic&DilutedEarningsPerShareoffacevalue`2/-each,inRupees 7.81 3.07

34


Description Names of related parties

1.Person/s having controlling interest ShriAmitC.Choksey

SmtPritiA.Choksey

MissNamrataA.Choksey

MissAnkitaA.Choksey

2.KeyManagementPersonnel ShriAmitC.Choksey

Smt.PritiAmitChoksey

Shri Dhiren P Mehta

Description Names of related parties

4.Associates(Companies) MazdaColoursLimited

SunshieldChemicalsLtd.

BalaseshLeafinLimited

5.EnterprisesoverwhichKeyManagementPersonnel&theirrelativesareabletoexercisesignificantinfluence

AbhirajTrading&InvestmentsPvt.Ltd.

AcquamarineInvestments&TradingCo.Pvt.Ltd.

AmishaBuildconPvt.Ltd.

ApcoEnterprisesLtd.

ApcotexIndustriesLtd.

BeltTradingandInvestmentsPvt.Ltd.

BhuvantrayInvestment&TradingCompanyPvt.Ltd.

CasaBellaDevelopersPvt.Ltd.

CasaBellaRealtyPvt.Ltd.

ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2012

NOTE 4: OTHER NOTES1. Expenditureinforeigncurrency-Nil,PreviousyearNil.

2. Earningsinforeigncurrency-Nil,PreviousyearNil.

3. Thefiguresforthepreviousyearhavebeenregrouped,rearranged,wherevernecessary,soastomakethemcomparable with those for the current year.

4. Related Party Disclosures

Relatedpartydisclosures,as requiredbyAccountingStandard (AS) -18, “RelatedPartyDisclosures”,aregivenbelow :

A. Names of Related Parties and Description of Relationship

35


ConsHoldingsLtd.

ChokseyChemicalsPvt.Ltd.

CybellaParadisePvt.Ltd.

DhumravarnaTradingandInvestmentsPvt.Ltd.

DhuraketuInvestments&TradingCo.Pvt.Ltd.

ForestHillsTradingandInvestmentsPvt.Ltd.

GauriputraInvestments&TradingCo.Pvt.Ltd.

HaridwarTradingandInvestmentsPvt.Ltd.

HindustanMineralsProductsCo.Ltd.

HMPMineralsPvt.Ltd.

JoshimathTrading&InvestmentsPvt.Ltd.

LaxmanjhulaTrading&InvestmentsPvt.Ltd.

PropyconTrading&InvestmentsPvt.Ltd.

SaldharInvestments&TradingCompanyPvt.Ltd.

SammelanInvestments&TradingLtd.

ShyamalFinvest(India)Ltd.

TitanTrading&AgenciesLtd.

TrivikramInvestments&TradingCo.Ltd.

B.Transactions with Related Parties(Figuresinbracketsrepresentpreviousyear’sfgures)

` In Thousands

Name of Party Nature of Transaction 2011-12 2010-11

BalaseshLeafinLimited ServicesChargesPaid 217 217

SunshieldChemicalsLimited UnsecuredLoanGiven - 11100

SunshieldChemicalsLimited InterestonUnsecuredLoan 6410 5364

AmitChoksey Directors Fees 25 20

Dhiren Mehta Directors Fees 45 40

PritiChoksey Directors Fees 25 20

36


C.BalanceOutstandingofRelatedParties

` In Thousands

Name of Party Receivable / Payable 2011-12 2010-11

SunshieldChemicalsLimited Receivable 65519 64100

5.TheCompanyisengagedinonlyonesegmentviz.Investments.

6.DeferredTax

InaccordancewithAccountingStandard(AS)-22'TaxesonIncome',deferredtaxisrecognisedinrespectoftimingdifference arising in and capable of reversal in future. As of year end, there are no timing differences arising in the current yearandcapableofreversalinfutureandaccordinglythebalanceofDeferredTaxAsset/LiabilityisNIL.



37


ScheduletotheBalanceSheetofAeonianInvestmentsCompanyLimited(asrequiredintermsofParagraph13ofNon-bankingfinancial(Non-DepositAcceptingorHolding)CompaniesPrudentialNorms(ReserveBank)Directions,2007

Particulars (` In thousands)LiabilitySide:

Amount Amount Out-standing Overdue

1) LoansandAdvancesavailedbytheNBFCinclusive of interest accrued thereon but not paid Nil Nil Asset side: Amount Outstanding

2) Break-up value of Loans and Advances including billsreceivables [Other than those included in (4) below]: (a) Secured - (b) Unsecured 64,100

3) Break-up of Leased Assets and stock on hire and hypothecation loans counting towards EL/HP acivities Nil

4) Break-upofInvestments:CurrentInvestments:1.Quoted: Nil (I)Shares:(a)Equity Nil (b) Preference Nil (ii) Debentures and Bonds Nil (iii) Units of mutual funds Nil (iv) Government Securities Nil (v) Others (please specify) Nil

2.Unquoted: Nil (I)Shares:(a)Equity Nil (b) Preference Nil (ii) Debentures and Bonds Nil (iii) Units of mutual funds Nil (iv) Government Securities Nil (v) Others (please specify) Nil

Long Term Investments 1.Quoted:(I)Shares:(a)Equity 622,495 (b) Preference Nil (ii) Debentures and Bonds Nil (iii) Units of mutual funds Nil (iv) Government Securities Nil

38


(v) Others (please specify) Nil 2.Unquoted:(I)Shares:(a)Equity 86,218 (b) Preference - (ii) Debentures and Bonds Nil (iii) Units of mutual funds 92,107 (iv) Government Securities Nil (v) Others (please specify) Nil

5) Borrower group-wise classification of all assets financed as in (2) and (3) above: Category Amount net of provisions

Secured Unsecured Total 1. Related Parties Nil Nil Nil (a) Subsidiaries Nil Nil Nil (b)Companiesinthesamegroup Nil 64,100 64,100 (c) Other related parties Nil Nil Nil 2.Otherthanrelatedparties. Nil Nil Nil Total Nil 64,100 64,100

6) Investor group-wise classification of all investments(Current and long term) in shares and securities) (Both quoted and unquoted)Category MarketValue/

Break-uporfair value or NAV

BookValue(Net

of Provisions)

1. Related Parties (a) Subsidiaries - - (b)Companiesinthesamegroup 179,712 146,503 (c) Other related parties - -

2.Otherthanrelatedparties 779,264 654,318

Total 958,976 800,8218) Other Information

Particulars Amount (I) Gross Non-Performing Assets (a) Related parties (b) Other than related parties Nil (ii) Net Non-Performing Assets (a) Related parties (b) Other than related parties Nil (iii)Assetsacquiredinsatisfactionofdebts Nil

ECS MANDATE FORM FOR PAYMENT OF DIVIDEND ON EQUITY SHARES( In case of physical shares - send to our Share Transfer AgentIn case of demat shares - send to your Depository Participant )

1. NameofFirstShareholder’s(inblockletters) :

2. Address :

3. Regd.FolioNo. :

(If not Dematerialised )

D P ID No. :

ClientIDNo. :

(If dematerialised )

4. ParticularsofBankAccount

A. BankName :

B. BranchName&CitywithPinCode :

C. AccountNo.(asappearingonthechequeBook) :

D. AccountType(Pleasetick) :

E. LedgerFoliooftheBankA/c. :

F. 9DigitMICRcodeoftheBank&Branchappearing onthechequeissuedbytheBank:

5. PleaseattachaphotocopyofachequeleaforablankcancelledchequeissuedbyyourBankrelatingtoyouraboveaccount for verifying the accuracy of the codes numbers.

DECLARATION

I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at allforreasonofincompleteorincorrectinformation,IwouldnotholdtheCompanyresponsible.IncaseofECSfacilitynotbeing available for any reason, the account details provided above may be incorporated in the payment instrument.

Place :

Date : Signature of the shareholders

Certifiedthattheparticularsfurnishedabovearecorrectasperourrecords.

Place :

Date : Signature of the Bank’s Officer

Notes: 1. Kindlyfillallcolumns.Incompleteformsshallnotbeentertained.

2.Pleaseignorethisform,ifthesameisalreadysubmitted.

3.InlieuoftheBankCertificatetobeobtained,shareholderscanattachaBlank‘cancelled’chequeoraphotocopythereof.

SB Current CashCredit

Tear

Hea

r

Aeonian Investments Company LimitedRegistered office: N K Mehta International House, 178 Backbay Reclamation,

Babubhai M Chinai Marg, Mumbai 400 020.

ATTENDANCE SLIPTo be handed over at the entrance of the Meeting Hall.

Iherebyrecordmypresenceat theThirtyFirstAnnualGeneralMeetingof theCompany tobeheldTuesday,7thAugust,2012at10.30A.M.atM.C.GhiaHall,BhoghilalHargovindasBuilding,2ndFloor,18/20,K.DubashMarg,KalaGhoda,Mumbai–400023

Folio No.: / DP ID No.*: &ClientIDNo.*:

NameoftheShareholder/Proxy(inBlockLetters)

(TobefillediniftheproxyattendsinsteadoftheMember)

SIGNATUREOFTHESHAREHOLDERORPROXY

*Applicable for investors holding shares in electronic form.

Aeonian Investments Company LimitedRegistered office: N K Mehta International House, 178 Backbay Reclamation,

Babubhai M Chinai Marg, Mumbai 400 020.

PROXY FORMFolio No. : / DP ID No.* : &ClientIDNo.*:

I /We of

be ing a member /members o f AEONIAN INVESTMENTS COMPANY L IMITED hereby appo in t

o f f a i l i n g h i m

o f f a i l i n g h i m

of asmy/ourproxytoattend

and vote for me/us and on my/our behalf at the Thirty First Annual General Meeting of the said company to be held on

Tuesday,7thAugust,2012at10.30A.M.atM.C.GhiaHall,BhoghilalHargovindasBuilding,2ndFloor,18/20,K.Dubash

Marg,KalaGhoda,Mumbai–400023andatanyadjournmentthereof.

Signed this day of 2012. Signature/softheShareholder/s

Note:ThisformmustbedepositedattheRegisteredOfficeoftheCompanynotlaterthan48hoursbeforethetimeofthemeeting.

Tear Hear

AffixRe.1/-

RevenueStamp

Tear

Hea

r

AEONIAN INVESTMENTS COMPANY LIMITED...C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup...

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Transcript of AEONIAN INVESTMENTS COMPANY LIMITED...C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup...