(CIN: L45400GJ1992PLC017520)

REGISTERED OFFICE:

822, STAR CHAMBERS,

HARIHAR CHOWK,

RAJKOT – 360001

ANNUALREPORT2015-16

� BOARDOFDIRECTORS

NAME OF DIRECTOR DIN DESIGNATION

Mr.ShaileshVed00797245 Managing Director & CFO

Mr.SureshMavani 01556518 Independent Director

Mrs.BhavnaAshar 02258407

Non executive Woman Director

Mr.ManishAshar

02406252 Independent Director

� AUDITORS:

PRAFULN.SHAH&CO.CHARTEREDACCOUNTANTS13­B,VISHRAMPARKSOCIETY,SUGAMFLATSROAD,OPP.R.C.PATELSCHOOL,VASNA,AHMEDABAD­380007

� REGISTRARANDSHARETRANSFERAGENT:M/S.LINKINTIMESHAREREGISTRYPVT.LTDNO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078Tele:+(91)­22­25963838,25946970

� STOCKEXCHANGESWHERETHESHARESOFTHECOMPANYARELISTED:

I.BSELIMITED

25THFLOOR,P.J.TOWERS,

DALALSTREET,FORT,

MUMBAI–400001

_____________________________________________________________________________________

Noticeisherebygiventhatthe23rdAnnualGeneralMeetingoftheCompanywillbeheldattheregisteredofficeoftheCompanyat822,STARCHAMBERS,HARIHARCHOWK,RAJKOT– 360001 on 30th day of September, 2016 at 10.00 A.M. for transacting the followingbusiness:ORDINARYBUSINESS:

1. Toreceive,considerandadopttheFinancialStatementsoftheCompanyfortheyearendedMarch31,2016, including theauditedBalanceSheetasatMarch31,2016,theStatementofProfitandLossfortheyearendedonthatdateandthereportsoftheBoardofDirectors(‘theBoard’)andAuditorsthereon.

2. ToappointaDirectorinplaceofMrs.BhavnaAshar(Din:02258407),whoretiresby

rotation,intermsofSection152(6)oftheCompaniesAct,2013,andbeingeligible,offersherselfforre­appointment.

3. To ratify the appointment of Auditors and to fix their remuneration and in this

regards pass with or without modification(s), the following resolution as anOrdinaryResolution:

“RESOLVEDTHAT pursuant to the provisions of Section 139, 141, 142 and otherapplicable provisions, if any, of the Companies Act, 2013, and Rules framed

thereunder, as amended from time to time, M/s. Praful N. Shah & Co., CharteredAccountants (Firm Registration No. 108057W), be and are hereby appointed asStatutoryAuditorsof theCompanytoholdoffice fromtheconclusionofthisAnnualGeneralMeeting till the conclusion of Twenty Eight Annual GeneralMeeting of the

Companytobeheldfortheyear2020­21,foraconsecutiveperiodofFive(5)financialyears, at such remuneration as may be mutually agreed between the Board ofDirectorsoftheCompanyandtheAuditors.”

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

NOTES:­

1. AMemberentitledtoattendandvoteattheabovemeetingisentitledtoappointa

proxytoattendandvoteinsteadofhimself/herselfandsuchproxyneednotbea

member of the company. Instrument of proxy in order to be effective must be

receivedbythecompanynotlessthan48hoursbeforethemeeting.

2. InformationasrequiredunderRegulation36(3)oftheSEBI(ListingObligationand

Disclosure Requirement) Regulations, 2015 and regarding appointment /

reappointmentofDirectorsisannexedhereto.

3. Pursuant to Section 101 and Section 136 of the Companies Act, 2013 read with

relevantRulesmadethereunder,theNoticeisbeingsenttoallthemembers,whose

namesappearintheRegisterofMembers/ListofBeneficialOwners,receivedfrom

NSDL/CDSLasoncloseofbusinesshourson12THAUGUST,2016.TheNotice is

being sent toMembers in electronic form to the email addresses registeredwith

theirDepositoryParticipants (in caseof electronic shareholding)/ theCompany's

RegistrarandShareTransferAgents(incaseofphysicalshareholding).

4. ForMemberswhoseemailIDsarenotregistered,physicalcopiesoftheNoticeare

beingsentbypermittedmode.TheMembersoftheCompanywhohaveregistered

their email address are also entitled to receive such communication in physical

form,uponrequest.

5. PursuanttotheprovisionsofSection91oftheCompaniesAct,2013theRegisterof

MembersandShareTransferBooksof theCompanywill remain closed from24th

September, 2016 to30th September, 2016 (both days inclusive) in connection

withAGM.

6. Asameasureofeconomy,AnnualReportwillnotbedistributedattheMeeting.So,

members are requested to bring their copy of Annual Report with them to the

AnnualGeneralMeeting.

7. TheNoticeofAGM,AnnualReportandAttendanceSliparebeingsentinelectronic

mode to Members whose email address are registered with the Company or the

DepositoryParticipant(s),unlesstheMembershaveregisteredtheirrequestforthe

hard copy of the same. Physical copy of the Notice of AGM, Annual Report and

Attendance Slip are being sent to those Members who have not registered their

emailaddresswiththeCompanyorDepositoryParticipant(s).Memberswhohave

receivedtheNoticeofAGM,AnnualReportandAttendanceSlipinelectronicmode

arerequestedtoprinttheAttendanceSlipattheRegistrationCounterattheAGM.

8. IncompliancewiththeprovisionsofSection108of theCompaniesAct,2013read

with Rule 20 of the Companies (Management and Administration) Amendment

Rules, 2015 and Regulation 44 of SEBI (Listing Obligation and Disclosure

Requirement)Regulations, 2015, the Company is providing E­Voting facility to all

thememberswhosenamesappearintheRegisterofMembers/beneficialowners

as on the Cut­Off Date i.e. 23RD SEPTEMBER, 2016, whomay cast their vote by

electronic mode on all resolutions in respect of business set forth in the notice

through e­voting services provided by CDSL, through their portal

http://www.evotingindia.com in this regard, members are notified that (i) the

companyhas completed thedispatchofNotice throughpermittedmode toall the

membersofthecompanyindividuallyand(ii)votingthroughelectronicmeansshall

commencefrom09.00A.M.on27THSEPTEMBER,2016andendat5:00P.M.on

29THSEPTEMBER,2016.

9. Pleasenotethate­votingisoptional.Incaseamemberhasvotedthroughe­voting

facility,he/sheisnotallowedtovoteattheVenueofAnnualGeneralMeeting.

10. The Member who transfers his / her shares after the Cut­off date i.e. 23RD

SEPTEMBER,2016, isnoteligible to vote to theextentof transfermadebyhim/

her,ontheResolutionsmentionedintheNotice.

11. AnypersonwhoacquirestheSharesoftheCompanyafterdispatchoftheNoticeof

the General Meeting and holding the Shares on the Cut­off Date i.e. 23RD

SEPTEMBER, 2016, may request to the Company on registered mail ID of the

companyi.e.kadvanisecurities@ymail.com toobtaintheUserID&Password.

12. The Results of E­voting alongwith the Scrutinizer's Report shall be declared and

placed on the Company's website and on the website of CDSL

https://www.evotingindia.co.inonorbefore6:00P.M.on30thSeptember,2016

andcommunicatedtotheBSELimitedwherethesharesoftheCompanyarelisted.

Information pursuant to Regulation 36(3) of SEBI (Listing Obligation andDisclosure Requirement) Regulation, 2015with regard to Directors seekingappointment/re­appointmentastheforthcomingAnnualGeneralMeeting:

� MRS.BHAVNAASHAR(DIN:02258407)–NONEXECUTIVEWOMANDIRECTOR

Mrs. Bhavna Ashar holds bachelor of Commerce and have expertise inadministrativework.BelowisalistofothercompaniesinwhichMrs.BhavnaAsharis not been director in any other Director and chairman / member of BoardCommitteesofothercompanies.ShareholdingintheCompany:NIL

THEINSTRUCTIONSFORE­VOTING:

SECTIONA­E­VOTINGPROCESS:

(i) The voting period begins on 27TH SEPTEMBER, 2016 FROM 9:00 A.M. TO 29TH

SEPTEMBER, 2016 at 5:00P.M.During this period shareholders’ of the Company,

holding shareseither inphysical formor indematerialized form, ason the cut­off

date(recorddate)of23RDSEPTEMBER,2016maycasttheirvoteelectronically.The

e­votingmoduleshallbedisabledbyCDSLforvotingthereafter.

(ii) Shareholders who have already voted prior to the meeting date would not be

entitledtovoteatthemeetingvenue.

(iii) Theshareholdersshouldlogontothee­votingwebsitewww.evotingindia.com.

(iv) ClickonShareholders.

(v) NowEnteryourUserID.

a. ForCDSL:16digitsbeneficiaryID,

b. ForNSDL:8CharacterDPIDfollowedby8DigitsClientID,

c. Members holding shares in Physical Form should enter Folio Number

registeredwiththeCompany.

(vi) NextentertheImageVerificationasdisplayedandClickonLogin.

(vii) Ifyouareholdingsharesindematformandhadloggedontowww.evotingindia.com

andvotedonanearliervotingofanycompany,thenyourexistingpasswordistobe

used.

(viii) Ifyouareafirsttimeuserfollowthestepsgivenbelow:

ForMembersholdingsharesinDematFormandPhysicalForm

PAN Enter your 10 digit alpha­numeric *PAN issued by Income TaxDepartment (Applicable for both demat shareholders as well asphysicalshareholders)

� Members who have not updated their PAN with theCompany/DepositoryParticipantarerequestedtousethefirsttwo letters of their name and the 8 digits of the sequencenumberinthePANfield.

� In case the sequence number is less than 8 digits enter theapplicablenumberof0’sbeforethenumberafterthefirsttwocharactersof thename inCAPITAL letters.Eg. IfyournameisRamesh Kumar with sequence number 1 then enterRA00000001inthePANField.

DividendBankDetailsORDateofBirth(DOB)

Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyyformat)asrecordedinyourdemataccountorinthecompanyrecordsinordertologin.

� If both the details are not recorded with the depository orcompany please enter the member id / folio number in theDividendBankdetailsfieldasmentionedininstruction(v).

(ix) Afterenteringthesedetailsappropriately,clickon“SUBMIT”tab.

(x) Members holding shares in physical form will then directly reach the Company

selectionscreen.However,membersholdingshares indemat formwillnowreach‘Password Creation’ menu wherein they are required to mandatorily enter theirloginpassword in thenewpassword field.Kindlynotethat thispassword is tobealsousedbythedematholdersforvotingforresolutionsofanyothercompanyonwhich they are eligible to vote, provided that company opts for e­voting throughCDSL platform. It is strongly recommended not to share your passwordwith anyotherpersonandtakeutmostcaretokeepyourpasswordconfidential.

(xi) ForMembers holding shares in physical form, the details can be used only for e­votingontheresolutionscontainedinthisNotice.

(xii) ClickontheEVSNi.e.“160827054”fortherelevantCompanyNamei.e.ATLANTAINFRASTRUCTURE&FINANCELIMITEDonwhichyouchoosetovote.

(xiii) Onthevotingpage,youwillsee“RESOLUTIONDESCRIPTION”andagainstthesametheoption“YES/NO”forvoting.SelecttheoptionYESorNOasdesired.TheoptionYESimpliesthatyouassenttotheResolutionandoptionNOimpliesthatyoudissenttotheResolution.

(xiv) Click on the “RESOLUTIONS FILE LINK” if youwish to view the entireResolutiondetails.

(xv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. Aconfirmationboxwillbedisplayed.Ifyouwishtoconfirmyourvote,clickon“OK”,elsetochangeyourvote,clickon“CANCEL”andaccordinglymodifyyourvote.

(xvi) Onceyou“CONFIRM”yourvoteontheresolution,youwillnotbeallowedtomodifyyourvote.

(xvii) Youcanalsotakeaprintofthevotescastbyclickingon“Clickheretoprint”optionontheVotingpage.

(xviii) IfademataccountholderhasforgottentheloginpasswordthenEntertheUserIDandtheimageverificationcodeandclickonForgotPassword&enterthedetailsaspromptedbythesystem.

(xix) NoteforNon–IndividualShareholdersandCustodians:

� Non­Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and

Custodianarerequiredtologontowww.evotingindia.comandregisterthemselves

asCorporate.

� Ascanned copyof theRegistrationFormbearing the stampandsignof theentity

shouldbeemailedtohelpdesk.evoting@cdslindia.com.

� After receiving the login details a Compliance User should be created using the

admin login and password. The Compliance User would be able to link the

account(s)forwhichtheywishtovoteon.

� The list of accounts linked in the login should be mailed to

helpdesk.evoting@cdslindia.com and on approval of the accounts they would be

abletocasttheirvote.

� Ascanned copyof theBoardResolutionandPowerofAttorney (POA)which they

haveissuedinfavouroftheCustodian,ifany,shouldbeuploadedinPDFformatin

thesystemforthescrutinizertoverifythesame.

� In case you have any queries or issues regarding e­voting, you may refer theFrequently Asked Questions (“FAQs”) and e­voting manual available atwww.evotingindia.com, under help section or write an email tohelpdesk.evoting@cdslindia.com

SECTION B ­ COMMENCEMENT OF E­VOTING PERIOD AND OTHER E­VOTING

INSTRUCTIONS:

I TheE­Votingperiodcommenceson27THSEPTEMBER,2016(10:00A.M.)and

endson29THSEPTEMBER,2016(5:00P.M.).Duringthisperiodshareholders

of the Company, holding shares either in physical form or in dematerialized

form, as on Cut­off date i.e. 23RD SEPTEMBER, 2016 may cast their vote

electronically.Thee­Votingmoduleshallbedisabledforvotingthereafter.Once

thevoteonaresolutioniscastbytheshareholder,theshareholdershallnotbe

allowedtochangeitsubsequently.

ii. The voting rights of shareholders shall be in proportion to their shares of the

PaidUpEquityShareCapitaloftheCompany.

iii.M/sASHAH&ASSOCIATES,PractisingCompanySecretaries (MembershipNo.:

FCS4713;CPNo:6560)(Address:D­413,ShiromaniComplex,Opp.OceanPark,

S.M.Road,Satellite,Ahmedabad–380015,Gujarat,India)hasbeenappointedas

theScrutinizertoscrutinizethee­Votingprocess.

iv.TheScrutinizershall,ontheconclusionofthee­votingperiod,unblockthevotes

in the presence of at least two (2) witnesses not in the employment of the

CompanyandmakeaScrutinizer'sReportofthevotescastinfavororagainst,if

anyandsubmitforthwithtotheChairmanoftheCompany.

v.TheResultsshallbedeclaredalongwiththeScrutinizer'sReportshallbeplaced

on the Company's website and on the website of CDSL

https://www.evotingindia.co.in on or before 6:00 P.M. on 30th September,

2016andcommunicatedtotheBSELimitedandAhmedabadStockExchangeof

IndiaLimited,wherethesharesoftheCompanyarelisted.

vi.TheresolutionsshallbedeemedtobepassedonthedateoftheAnnualGeneral

Meeting,subjecttoreceiptofsufficientvotes.

vii.ForMembersholdingsharesinphysicalform,thepasswordanddefaultnumber

canbeusedonlyfore­Votingontheresolutionsgiveninthenotice.

viii. Institutional Shareholders (i.e. other than individuals, HUF, NRI etc.) are

requiredtologontohttps://www.evotingindia.co.inandregisterthemselvesas

Corporates, link theiraccountwhich theywish tovoteonand thencast their

vote.TheyshouldsubmitascannedcopyoftheRegistrationFormbearingthe

stamp and sign of the entity to helpdesk.evoting@cdslindia.com. They should

alsouploadascannedcopyoftheBoardResolution/PowerofAttorney(POA)

which theyhave issued in favorof theCustodian, if any, inPDF format in the

systemforthescrutinizertoverifythevote.

ix. You can also update yourmobile number and E­mail ID in the user profile

detailsofthefoliowhichmaybeusedforsendingcommunication(s)regarding

CDSL e­Voting system in future. The samemay be used in case the Member

forgetsthepasswordandthesameneedstobereset.

x.TheMembersarerequestedtopayattentiontothematterthatoncehe/shehas

exercisedhis/herrightthenhe/sheshallnotbeallowedtochangehis/her

votesubsequentlyinanycase.

xi. In caseyouhaveanyqueriesor issues regardinge­Voting, youmay refer the

Frequently Asked Questions (“FAQs”) and e­Voting manual available at

www.evotingindia.com under help section or write an email to

helpdesk.evoting@cdslindia.com.

DIRECTORS'REPORTTo,TheMembers,ATLANTAINFRASTRUCTURE&FINANCELIMITED

YourDirectorshavepleasure inpresenting their23rdAnnualReportonthebusinessandoperationsoftheCompanyandtheaccountsfortheFinancialYearendedMarch31,2016.

1. FINANCIALSUMMARYOFTHECOMPANY(Standalone)TheBoard’sReportshallbepreparedbasedonthestandalonefinancialstatementsofthecompany.

(Rs.inlacs)PARTICULARS 2015­16 2014­15

Incomefortheyear 72.39 496.52ExpenditurefortheyearexcludingDepreciationandAmortizationExp.

74.73 506.81

ProfitorLossbeforeDepreciationandAmortizationExp.

(2.34) (10.29)

Less:DepreciationandAmortizationExp. 0.65 1.31ProfitorLossafterDepreciationandAmortizationExp.ButbeforeTax

(2.99) (11.60)

Less:CurrentTax ­ (0.05)ProfitorLossAfterTax (2.99) (11.55)

Thecompany’sapproachtowardsgrowthhasbeensloweddownduringtheyear2015­16.ThePerformanceofthecompanyhasdeceasedintermsofTurnoverby(85.42%).On the other hand the loss has been decreased by (74.23%). However, the company is sure to grow in upcoming years. The company will strive to improve its performance in longtermprospectsbasedonactualpaceofglobaleconomy.

2. DIVIDEND:

Withaviewtoenlarge thebusinessoperationsoftheCompany, thedirectorsdidnotrecommendanyDividendfortheYearunderreview.

3. DIRECTORSANDKEYMANAGERIALPERSONNEL:Mrs. Bhavna Ashar, Director of the Company retires by rotation at the forthcomingAnnualGeneralMeetingandbeingeligible,offerthemforreappointment.

The Company has received declarations from all the Independent Directors of theCompany confirming that theymeetwith the criteria of independence as prescribedundersub­section6ofSection149oftheCompaniesAct,2013andRegulation16(b)ofSEBI(ListingObligationandDisclosureRequirements)Regulations2015.

4. MEETINGS:

During the year five Board Meetings and four Audit Committee Meetings wereconvenedandheld.ThedatesonwhichthesaidBoardmeetingswereheld: May30,2015,August14,2015,November06,2015,February04,2016&February08,2016.TheinterveninggapbetweentheMeetingswaswithintheperiodprescribedundertheCompaniesAct,2013.

5. COMMITTEES:

The company has several committeeswhich have been established as a part of bestcorporate governance practices and are in compliance with the requirements of therelevantprovisionsofapplicablelawsandstatues.TheBoardhasconstitutedfollowingCommittees.� AuditCommittee� NominationandRemunerationCommittee� Stakeholder’sRelationshipCommitteeThedetailswithrespect tothecompositions,powers,roles, termsofreferenceetc.ofrelevantcommitteesaregivenindetailinthe‘ReportonCorporateGovernance’ofthecompanywhichformspartofthisAnnualReport.

6. EXTRACTSOFANNUALRETURN:

Pursuant to sub­section 3(a) of Section 134 and sub­section (3) of Section 92 of theCompanies Act 2013, read with Rule 12 of the Companies (Management andAdministration) Rules, 2014 the extracts of the Annual Return as at March 31, 2016formspartofthisreportas“AnnexureI”.

7. AUDITORS:Pursuant to theprovisionsof Section139of theCompaniesAct,2013,M/S.PrafulNShah & CO., Chartered Accountants, (Firm Registration No. 108057W), have beenappointed as Statutory Auditors of the company from the conclusion of this AnnualGeneral Meeting till the conclusion of Twenty eighth Annual General Meeting of theCompanytobeheldfortheyear2020­21,foraconsecutiveperiodofFive(5)financialyears.Forthesaidbusiness,necessaryresolutionisputtovoteinthisAGM,asstatedinthe Item No. 3 of the notice of Annual General Meeting, they are eligible forappointmenttoconductstatutoryaudit.

In this regard, the Companyhas received a certificate from the auditors to the effectthatiftheyareappointed,itwouldbeinaccordancewiththeprovisionsofSection141of theCompaniesAct,2013.Auditorscommentsonyourcompany’saccounts foryearended March 31, 2015 are self explanatory in nature and do not require anyexplanationasperprovisionsofSection134(3)(f)oftheCompaniesAct,2013.

There were no qualifications, reservation or adverse remark or disclaimer made byStatutoryAuditorinitsreport.

8. SECRETARIALAUDITORSANDSECRETARIALAUDITREPORT:

PursuanttoSection204oftheCompaniesAct,2013,yourcompanyhadappointedM/S.A. SHAH & ASSOCIATES, Practicing Company Secretaries, Ahmedabad, as itsSecretarial Auditors to conduct the Secretarial Auditof the company for FY 2015­16.TheReportof theSecretarialAuditor for theFY2015­16 is annexed to this report as“AnnexureII”.

SecretarialAuditorshave qualified their report to theMembersof the Company& inthisconnection;theBoardofDirectorsoftheCompanyhasdiscussedthesameatarm’slengthandagreedtotakethecorrectivestepsonfollowingQualifications:1. Companyhasnot executed Fresh ListingAgreementwithBSE as stipulated in

Regulation 109 of the Securities and Exchange Board of India (Listing

ObligationandDisclosureRequirement)Regulation,2015.

2. CompanyhasnotcompliedwithRegulation29oftheTheSecuritiesandExchange

BoardofIndia(ListingObligationandDisclosureRequirement)Regulation,2015and

clause 41(III) of the erstwhile Listing agreement for all the quarters of the

financialyear2015­16.

3. The Company is not in compliance with Pursuant to Section 203 (1) (ii) for

appointment of Company Secretary asKeyManagerial Personnel for the financial

year2015­16andasperRegulation6(2)ofTheSecuritiesandExchangeBoardof

India(ListingObligationandDisclosureRequirement)Regulation,2015andClause

47(a) of erstwhile Listing Agreement for appointment of Company Secretary as

complianceofficerforthefinancialyear2015­16.

4. Company is yet to comply with the section 138 of the Companies Act, 2013 i.e.

InternalAuditorneedstobeappointedtoconducttheinternalauditofthefunctions

andactivitiesofthecompany.

5. TheCompanyisyettocomplywithRegulation33(d)ofTheSecuritiesandExchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

and Clause 41 (1) (h) of erstwhile Listing Agreement regarding submission of

quarterly/yearly basis financial results by auditor who holds valid peer review

certificateissuedbyInstituteofCharteredAccountantsinIndia.

6. The Company is yet to complywithRegulation46 of The Securities and Exchange

Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015

andClause54oferstwhileListingAgreementregardingmaintainingaFunctional

Websitefordisseminatinginformationtoshareholders.

7. The company is yet to comply with Regulation 9, 16(c), 17(9) (b), 30(5) of The

Securities and Exchange Board of India (Listing Obligation and Disclosure

Requirement)Regulation,2015.

8. Companyhasnotprovidedadvertisement forbookclosurepursuanttosection91ofCompaniesAct,2013.

9. The Company is not in compliancewith the Section 185 of the CompaniesAct,2013with regards the Loans andAdvance granted to the private company inwhichDirectorismemberduringtheyear2015­16.

10. TheCompanyhasnotcompliedwithSection136andSection101oftheCompanies

Act,Regulation36ofTheSecuritiesandExchangeBoardofIndia(ListingObligation

and Disclosure Requirement) Regulation, 2015 and Clause 32 of erstwhile Listing

Agreementregardingsendingtheannualreportof2015­16toeverymemberofthe

company.

9. INTERNALFINANCIALCONTROLS:

Yourcompanyhad laiddownsetofstandards,processesandstructurewhichenablesto implement internal financial control across the organization and ensure that thesameareadequateandoperatingeffectively.

10. BOARDEVALUATION:

TheBoardofDirectorshas carried out an annual evaluation of its ownperformance,BoardcommitteesandindividualdirectorspursuanttotheprovisionsoftheCompaniesAct,2013andthecorporategovernancerequirementsasprescribedbySecuritiesandExchangeBoardofIndia(“SEBI”)underRegulation17,18,19,20,21,22,23,24,25,26,27andclauses(b) to(i)ofsub­regulation(2)ofregulation46andparaC,DandEofScheduleVofSEBI(ListingObligationandDisclosureRequirement)Regulation2015.TheperformanceoftheBoardwasevaluatedbytheBoardafterseekinginputsfromallthedirectorsonthebasisofthecriteriasuchastheBoardcompositionandstructure,effectivenessofboardprocesses,informationandfunctioning,etc.Theperformanceof

the committeeswas evaluated by the board after seeking inputs from the committeemembers on the basis of the criteria such as the composition of committees,effectivenessofcommitteemeetings,etc.The Board and the Nomination and Remuneration Committee (“NRC”) reviewed theperformance of the individual directors on the basis of the criteria such as thecontribution of the individual director to the Board and committee meetings likepreparednesson the issuestobediscussed,meaningfulandconstructivecontributionand inputs inmeetings, etc. In addition, the Chairmanwas also evaluated on the keyaspectsofhisrole.In a separate meeting of independent Directors, performance of non­independentdirectors,performanceoftheboardasawholeandperformanceoftheChairmanwasevaluated, taking into account the views of executive directors and non­executivedirectors.The samewasdiscussed in theboardmeeting that followed themeetingoftheindependentDirectors,atwhichtheperformanceoftheBoard,itscommitteesandindividualdirectorswasalsodiscussed.

11. FIXEDDEPOSITS:Your company has not accepted any fixed deposits from the public within theprovisions of Section 73 to 76 of the Companies Act, 2013. Hence, the disclosuresrequiredasperRule8(5)(v)&(vi)oftheCompanies(Accounts)Rules,2014,readwithSection73to76oftheCompaniesAct,2013arenotapplicabletoyourCompany.

12. CORPORATEGOVERNANCE: TheCompanybelievesthatgoodCorporateGovernanceisacontinuousprocessanditisour continuous endeavor to achieve good governance, by way of a conscious andconscientious effort whereby ensuring the truth, transparency, accountability andresponsibilityinallourdealingswithallourstakeholders.

AseparatesectiononCorporateGovernanceStandardsfollowedbyyourCompany,asstipulatedunderRegulation34(3)readwithScheduleVofSEBI(ListingObligationandDisclosureRequirement)Regulation2015isenclosedasAnnexuretothisReport.TheReport on Corporate Governance also contains certain disclosures required underCompaniesAct,2013.A certificate fromM/S. PRAFULN SHAH&CO., CharteredAccountant, conformingcompliancetotheconditionsofCorporateGovernanceasstipulatedunderRegulation17,18,19,20,21,22,23,24,25,26,27andclauses(b) to(i)ofsub­regulation(2)ofregulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligation andDisclosureRequirement)Regulation2015,isannexedtothisReport.

13. VIGILMECHANISM:

Inpursuant to theprovisionsof section177(9)& (10)of theCompaniesAct,2013, aRegulation22oftheSEBI(ListingObligationandDisclosureRequirement)Regulations,2015VigilMechanismfordirectorsandemployeestoreportgenuineconcernshasbeenestablished.

14. CONSEVATIONOFENERGY&ABSORTIONTECHNOLOGY:(a)Conservationofenergy­

(i) thestepstakenorimpactonconservationof

energyN.A

(ii) thestepstakenbythecompanyforutilizingalternatesourcesofenergy

N.A

(iii) thecapitalinvestmentonenergyconservationequipment’s

N.A

(b)Technologyabsorption

(i) theeffortsmadetowardstechnologyabsorption N.A(ii) thebenefitsderivedlikeproductimprovement,

costreduction,productdevelopmentorimportsubstitution

N.A

(iii) incaseofimportedtechnology(importedduringthelastthreeyearsreckonedfromthebeginningofthefinancialyear)­

N.A

(a)thedetailsoftechnologyimported N.A

(b)theyearofimport; N.A

(c)whetherthetechnologybeenfullyabsorbed N.A

(d)ifnotfullyabsorbed,areaswhereabsorptionhasnottakenplace,andthereasonsthereof

N.A

(iv) theexpenditureincurredonResearchandDevelopment

N.A

15. FOREIGNEXCHANGEEARNINGS/OUTGO:-

As the Company has not carried out any activities relating to the export and importduring the financial year. There is no foreign exchange expenses and foreign incomeduringthefinancialyear.

16. PARTICULARSOFCONTRACTSORARRANGEMENTSWITHRELATEDPARTIES:

All related party transactions that were entered during the financial year were inordinarycourseofthebusinessofthecompanyandwereonarm’slengthbasis.TherewerenomateriallysignificantrelatedpartytransactionsenteredbytheCompanywithPromoters, Directors, KeyManagerial Personnel or other personswhichmay have apotentialconflictwiththeinterestofthecompany.

The policy on materiality of Related Party Transactions and also on dealing withRelated Party Transactions as approved by the Audit Committee and the Board ofDirectorshasbeenapprovedbytheboard.

TheparticularsofeverycontractorarrangementsenteredintobytheCompanywithrelatedpartiesreferredtoinsub­section(1)ofsection188oftheCompaniesAct,2013isdisclosedinFormNo.AOC­2.“AnnexureIV”.

17. PARTICULARSOFLOANS,GUARANTEESORINVESTMENTSUNDERSECTION186:

In terms ofprovisions of Section 134 (3) (g), the Particulars of Loans, Guarantees orInvestmentsunderSection186,isannexedheretoas“AnnexureV”andformspartofthisReport.

18. PARTICULARSOFEMPLOYEESREMUNERATION:

A. Theratiooftheremunerationofeachdirectortothemedianemployee’sremunerationandotherdetailsintermsofsub­section12ofSection197,oftheCompaniesAct,2013readwithRule5(1)of theCompanies(AppointmentandRemunerationofManagerialPersonnel)Rules,2014,areformingpartofthisreportas“AnnexureVI”.

B. ThestatementcontainingparticularsofemployeesasrequiredunderSection197(12)of theCompaniesAct,2013 readwithRule5(2)of theCompanies (Appointment andRemunerationofManagerialPersonnel)Rules,2014isnotprovidedasnoemployeesispaidremunerationofRs.5LacPermonthifemployedforpartof theyearandRs.60LacsPerAnnumifemployedforthewholeyear.

19. NOMINATIONANDREMUNERATIONPOLICY:The Board has on the recommendation of Nomination and Remuneration /CompensationCommitteeframedapolicyondirectors’appointmentandremunerationof Directors including criteria for determining qualification, positive attributes,independenceofdirectorsand remuneration forDirectors,KeyManagerialPersonnelandotheremployees.Thepolicyisannexedtothisreportas“AnnexureIII”.

20. CORPORATESOCIALRESPONSIBILITY(CSR)

Thecompanydoesnotfallunderthepurviewofthesection135oftheCompaniesAct,2013 which requires formulating a Corporate Social Responsibility Committee andadoptinganyactivities as specified inScheduleVII. HoweverasperSection135, thedisclosureofReportonCSRactivityisannexedasAnnexureVII

21. HUMANRESOURCES:YourCompany treats its “humanresources”asoneof itsmost significantassets.The

Companycontinuesitsfocusonretentionthroughemployeeengagementinitiativesand

provides a holistic environment where employees get opportunities to realize their

potential. A numberof programs thatprovide focused people attention are currently

underway. Your Company thrust is on the promotion of talent internally through job

rotation and job enlargement. The Company’s Health and Safety Policy commits to

provideahealthyandsafeworkenvironmenttoallemployees.

22. SEXUAL HARASSMENT OFWOMEN ATWORKPLACE (PREVENTION, PROHIBITION AND

REDRESSAL)ACT,2013:

1.DisclosureunderSection22oftheSexualHarassmentOfWomenAtWorkplace

(Prevention,ProhibitionandRedressal)Act,2013:

PursuanttoSection22oftheSexualHarassmentofWomenatWorkplace(Prevention,ProhibitionandRedressal)Act,2013everycompany isrequiredtosetupanInternalComplaintsCommittee to look into complaints relating to sexualharassmentatworkplaceofanywomenemployee.

Company has adopted a policy for prevention of Sexual Harassment of Women atworkplaceandhassetupCommitteeforimplementationofsaidpolicy.DuringtheyearCompanyhasnotreceivedanycomplaintofharassment.

23. CHANGEINNATUREOFTHEBUSINESS:

There has been no change in the nature of business of the company during the yearunderreview.

24. MANAGEMENTDISCUSSIONANDANALYSIS:

Aspercorporategovernancenorms,aseparatesectiononManagementDiscussionandAnalysisoutliningthebusinessoftheCompanyissetoutinAnnexureformingpartofthisReport.

25. SIGNIFICANTORMATERIALORDERSAGAINSTCOMPANY:

Nosignificantandmaterialorderswerepassedbytheregulatorsorcourtsortribunalsimpacting the going concern status and Company’s operation in future. Howevercompany’stradingisbeensuspendedonBombayStockExchangefromJanuary,2015.

26. STATEMENTOFDIRECTORS’RESPONSIBILITY:

Pursuanttorequirementunder134(3)(c)andSection134(5)oftheCompaniesAct,2013(Act),Directors,confirmthat:

(a) Inthepreparationof theannualaccounts for theyearendedon31stMarch,2016,theapplicableaccountingstandardsreadwithrequirementsetoutunderScheduleIII to the Act, have been followed and there are nomaterial departures from thesame;

(b) TheDirectorshaveselectedsuchaccountingpoliciesandappliedthemconsistentlyandmadejudgmentsandestimatesthatarereasonableandprudentsoastogiveatrueandfairviewofthestateofaffairsofthecompanyasatMarch31,2016andoftheprofitofthecompanyfortheyearendedonthatdate;

(c) TheDirectorshavetakenproperandsufficientcareforthemaintenanceofadequateaccountingrecordsinaccordancewiththeprovisionsoftheActforsafeguardingtheassets of the company and for preventing and detecting fraud and otherirregularities;

(d) TheDirectorshadpreparedtheannualaccountsonagoingconcernbasis;

(e) The Directors, had laid down internal financial controls to be followed by thecompanyand that such internal financial controls areadequate andareoperatingeffectivelyand

(f) TheDirectorshaddevisedpropersystemstoensurecompliancewiththeprovisionsofallapplicablelawsandthatsuchsystemsareadequateandoperatingeffectively.

27. ACKNOWLEDGEMENT:

YourDirectorswishtoplaceonrecordtheirgratitudeandsincereappreciationfortheassistanceandco­operationreceivedfromthefinancialinstitutions,banks,Governmentauthorities,customers,vendorsandmembersduringtheyearunderreview.

Your Directors would like to express a profound sense of appreciation for thecommitment shown by the employees in supporting the Company in its continuedrobustperformanceonallfronts.

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED

Sd/­

_________________________MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

ANNEXUREI

FORMNO.MGT9

EXTRACTOFANNUALRETURN

Asonfinancialyearendedon31.03.2016

PursuanttoSection92(3)oftheCompaniesAct,2013andrule12(1)oftheCompany(Management&Administration)Rules,2014

I. REGISTRATION&OTHERDETAILS:

1. CIN L45400GJ1992PLC017520.

2. RegistrationDate 29/04/1992.

3. NameoftheCompany ATLANTAINFRASTRUCTURE&FINANCELIMITED.

4. Category/Sub­categoryoftheCompany

COMPANYLIMITEDBYSHARES/INDIANNON­GOVERNMENTCOMPANY.

5. AddressoftheRegisteredoffice&contactdetails

822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001CONTACTNO:0281­2468068E­MAIL:kadvanisecurities@ymail.com

6. Whetherlistedcompany BSELIMITED

7. Name,Address&contactdetailsoftheRegistrar&TransferAgent,ifany.

M/S.LINKINTIMESHAREREGISTRYPVT.LTD.NO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078.Tele:+(91)­22­25963838,25946970

II. PRINCIPALBUSINESSACTIVITIESOFTHECOMPANY(Allthebusinessactivitiescontributing10%ormoreofthetotalturnoverofthecompanyshallbestated)

Sr.No.

NameandDescriptionofmainproducts/services

NICCodeoftheProduct/service

%tototalturnoverofthecompany

1 TRADINGOFEQUITYSHARES

661 100

VI.SHAREHOLDINGPATTERN(EquityShareCapitalBreakupaspercentageofTotalEquity)

Category­wise ShareHolding

Category of

Shareholder

No. of Shares held at the beginning of the year

(as on April 1, 2015 i.e. on the basis of SHP of March 31,

2015)

No. of Shares held at the end of the year

(as on March 31, 2016 i.e. on the basis of SHP of March

31, 2016)

%

Chang

e

during

the

year Demat Physical Total

% of

Total

Shares

Demat Physical Total

% of

Total

Shares

A.

Promoters/Prom

oters Group

(1) Indian

a) Individual/HUF ­ ­ ­ ­ ­ ­ ­ ­ ­

b) Central Govt. ­ ­ ­ ­ ­ ­ ­ ­ ­

c) State Govt.(s) ­ ­ ­ ­ ­ ­ ­ ­ ­

d) Bodies

Corporate

­ ­ ­ ­ ­ ­ ­ ­ ­

e) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­ ­

f) Any Other ­ ­ ­ ­ ­ ­ ­ ­ ­

Sub­total(A)(1): ­ ­ ­ ­ ­ ­ ­ ­ ­

(2) Foreign

a) NRIs –

Individuals

­ ­ ­ ­ ­ ­ ­ ­ ­

b) Other –

Individuals

­ ­ ­ ­ ­ ­ ­ ­ ­

c) Bodies Corp. ­ ­ ­ ­ ­ ­ ­ ­ ­

d) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­ ­

e) Any Other.... ­ ­ ­ ­ ­ ­ ­ ­ ­

Sub­total:(A) (2): ­ ­ ­ ­ ­ ­ ­ ­ ­

Total

shareholding of

Promoter (A)

=(A)(1)+(A)(2)

­ ­ ­ ­ ­ ­ ­ ­ ­

B. Public

Shareholding

­ ­ ­ ­ ­ ­ ­ ­ ­

1. Institutions

a) Mutual Funds ­ ­ ­ ­ ­ ­ ­ ­ ­

b) Banks / FI ­ ­ ­ ­ ­ ­ ­ ­ ­

c) Central Govt. ­ ­ ­ ­ ­ ­ ­ ­ ­

d) State Govt.(s) ­ ­ ­ ­ ­ ­ ­ ­ ­

e) Venture

Capital Funds

­ ­ ­ ­ ­ ­ ­ ­ ­

f) Insurance

Companies

­ ­ ­ ­ ­ ­ ­ ­ ­

g) FIIs ­ ­ ­ ­ ­ ­ ­ ­ ­

h)Foreign

Venture

Capital Funds

­ ­ ­ ­ ­ ­ ­ ­ ­

i) Others (specify) ­ ­ ­ ­ ­ ­ ­ ­ ­

i­1) Foreign

Financial

Institution

­ ­ ­ ­ ­ ­ ­ ­ ­

i­2) Trust ­ ­ ­ ­ ­ ­ ­ ­ ­

Sub­total (B)(1):­ ­ ­ ­ ­ ­ ­ ­ ­ ­

2.Non­Institutions

a) Bodies

Corporate

i) Indian 17769087 21000 17790087 15.40 18232797 21000 18253797 15.80 +0.40

ii) Overseas ­ ­ ­ ­ ­

b) Individuals

i) Individual

shareholders

holding nominal

share capital

upto Rs. 1 lakh

4272140 4407300 8679440 7.51 18266567 4406300 22672867 19.63 +12.1

2

ii) Individual

shareholders

holding nominal

86716942 340000 87056942 75.37 72984450 340000 73324450 63.48 ­11.89

B)ShareholdingofPromoter­

SNShareholder’s

Name

Shareholdingatthebeginningoftheyear(asonApril1,2015i.e.onthebasisofSHPofMarch31,2015)

Shareholdingattheendoftheyear(asonMarch31,2016i.e.onthebasisofSHPofMarch31,2016)

%changeinshareholdingduringtheyear

No.ofShares

%oftotal

Sharesofthe

company

%ofSharesPledged/encumberedtototalshares

No.ofShares

%oftotalSharesof

thecompany

%ofSharesPledged/encumberedtototalshares

1 ­ ­ ­ ­ ­ ­ ­

C)ChangeinPromoters’Shareholding(pleasespecify,ifthereisnochange)

share capital in

excess of Rs 1

lakh

c) Others

(specify)

­ ­ ­ ­ ­

Non Resident

Indians (Repat)

­ ­ ­ ­

Non Resident

Indians (Non

Repat)

86 ­ 86 0.00 86 ­ 86 0.00

Clearing

Members

1973445 ­ 1973445 1.71 1248800 ­ 1248800 1.08 ­0.63

Sub­total (B)(2):­ 110731700 4768300 115500000 100 110732700 4767300 115500000 100

Total Public

Shareholding

(B)=(B)(1)+(B)(2)

110731700 4768300 115500000 100 110732700 4767300 115500000 100

C. Shares held by

Custodian for

GDRs & ADRs (C)

­ ­ ­ ­ ­

Grand Total

(A+B+C)

12393835 1670214 115500000 100 110732700 4767300 115500000 100 0

Sr.No.

NameofthePromoter

Date

Reason(ifanyincrease/decreaseduringthe

year)

Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringthe

yearNo.ofshares

%oftotal

sharesofthe

company

No.ofshares

%oftotal

sharesofthe

company ­ ­ ­ ­ ­ ­ ­

Note­thereIsnoPromoterinthecompany,hencechangesmadeintheirshareholdingisnotapplicable,

D)ShareholdingPatternoftoptenShareholders:

(OtherthanDirectors,PromotersandHoldersofGDRsandADRs):

Sr.No.

NameoftheShareholder

Date

Reason(ifanyincrease/decreaseduringthe

year)

Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringthe

yearNo.ofshares

%oftotal

sharesofthe

company

No.ofshares

%oftotal

sharesofthe

company1. ANILBHAI

AMRUTLALGANDHI(HUF)

01/04/2015 Atthebeginningoftheyear

5476000 4.74 5476000 4.74

31/03/2016 Attheendoftheyear

­ ­ 5476000 4.74

2. KRISHNACAPSHARESPVT

LTD

01/04/2015 Atthebeginningoftheyear

4500000 3.90 4500000 3.90

31/03/2016 Attheendoftheyear

­ ­ 4500000 3.90

4. NATWARLALDAHYABHAI

UKANI

01/04/2015 Atthebeginningoftheyear

4000000 3.46 4000000 3.46

31/03/2016 Attheendoftheyear

­ ­ 4000000 3.46

5. PRASHANTDHIRENBHAI

LOTIA

01/04/2015 Atthebeginningoftheyear

3616190 3.13 3616190 3.13

31/03/2016 Attheendoftheyear ­ ­ 3616190 3.13

6. JAYMAULESHUKANI

01/04/2015 Atthebeginningoftheyear

3500000 3.03 3500000 3.03

31/03/2016 Attheendoftheyear ­ ­ 3500000 3.03

7. MAULESHDAHYABHAI

01/04/2015 Atthebeginningoftheyear

3500000 3.03 3500000 3.03

UKANI

31/03/2016 Attheendoftheyear ­ ­ 3500000 3.03

8. GIRISHKUMARPRABHUDAS

RUPAREL

01/04/2015 Atthebeginningoftheyear 3240097 2.81 3240097 2.81

31/03/2016 Attheendoftheyear

­ ­ 3240097 2.81

9. LUVNATWARLAL

UKANI

01/04/2015 Atthebeginningoftheyear

3193000 2.76 3193000 2.76

31/03/2016 Attheendoftheyear

­ ­ 3193000 2.76

10. LOTIADHIREN

HASMUKHRAI(HUF)

01/04/2015 Atthebeginningoftheyear 2876770 2.49 2876770 2.49

27/03/2014 Increaseinshareholdingdue

toacquisition239740 0.21 3116510 2.70

Attheendoftheyear

­ ­ 3116510 2.70

E)ShareholdingofDirectorsandKeyManagerialPersonnel:

Sr.No.

NameoftheDirectorand

KeyManagerialPersonnel

Date

Reason(ifanyincrease/decreaseduringthe

year)

Shareholdingatthebeginningoftheyear

CumulativeShareholdingduringthe

yearNo.ofshares

%oftotalsharesof

thecompany

No.ofshares

%oftotal

sharesofthe

company1. MR.SHAILESH

VED–(MANAGINGDIRECTOR&CFO)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

2. MR.MANISHASHAR­(INDEPENDENTDIRECTOR)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

3. MR.SURESHMAVANI–(INDEPENDENTDIRECTOR)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

4. MRS. BHAVNAASHAR– (NONEXECUTIVEDIRECTOR)

01/04/2015

Atthebeginningoftheyear

­ ­ ­ ­

31/03/2016

Attheendoftheyear ­ ­ ­ ­

F) INDEBTEDNESS ­Indebtedness of the Company including interest outstanding/accruedbutnotdueforpayment.

Particulars

SecuredLoansexcludingdeposits

UnsecuredLoans

DepositsTotalIndebtedness

Indebtednessatthebeginningofthefinancialyear

i)PrincipalAmount N.A N.A N.A N.A

ii)Interestduebutnotpaid N.A N.A N.A N.A

iii)Interestaccruedbutnotdue N.A N.A N.A N.A

Total(i+ii+iii) N.A N.A N.A N.A

ChangeinIndebtednessduringthefinancialyear

*Addition N.A N.A N.A N.A

*Reduction N.A N.A N.A N.A

NetChange N.A N.A N.A N.A

Indebtednessattheendofthefinancialyear

i)PrincipalAmount N.A N.A N.A N.A

ii)Interestduebutnotpaid N.A N.A N.A N.A

iii)Interestaccruedbutnotdue N.A N.A N.A N.A

Total(i+ii+iii) N.A N.A N.A N.A

XI.REMUNERATIONOFDIRECTORSANDKEYMANAGERIALPERSONNEL­(TrialBalanceconsidersofDirectorRemuneration)

A.RemunerationtoManagingDirector,Whole­timeDirectorsand/orManager:

Sr.No

ParticularsofRemuneration

NameofMD/WTD/Manager

TotalAmount

MR.SHAILESHVEDMANAGINGDIRECTOR

1 Grosssalary 1,20,000p.a. 1,20,000p.a.

(a)Salaryasperprovisionscontainedinsection17(1)oftheIncome­taxAct,1961

0 0

(b)Valueofperquisitesu/s17(2)Income­taxAct,1961

0 0

(c)Profitsinlieuofsalaryundersection17(3)Income­taxAct,1961

0 0

2 StockOption 0 0

3 SweatEquity 0 0

4 Commission­as%ofprofit

0 0

Total(A)

1,20,000p.a. 1,20,000p.a.

CeilingaspertheAct

B.Remunerationtootherdirectors

1.IndependentDirectors

2.OtherNon­ExecutiveDirectors

C.REMUNERATIONTOKEYMANAGERIALPERSONNELOTHERTHANMD/MANAGER/WTD

Sr.No

ParticularsofRemuneration

KeyManagerialPersonnel

CFO­Mr.ShaileshVed Total

1 Grosssalary N.A NIL

(a)Salaryasperprovisionscontainedinsection17(1)oftheIncome­taxAct,1961

N.A NIL

(b)Valueofperquisitesu/s17(2)Income­taxAct,1961

N.A NIL

Sr.No.

ParticularsofRemuneration

NameofDirector TotalAmtMr.SureshMavani

Mr.ManishAshar

1 ­FeeforattendingBoard/Committeemeetings(inRs.)

­ ­­

2 ­Commission ­ ­ ­3 ­Others,

pleasespecify­ ­ ­

4 TOTAL(B1) ­ ­ ­

Sr.No.

ParticularsofRemuneration

NameofDirector TotalAmtMrs.BhavnaAshar

­FeeforattendingBoard/Committeemeetings(inRs.)

­ ­

­Commission ­ ­ ­Others,

pleasespecify­ ­

TOTAL(B2) ­ ­ TOTALB=B(1)+B(2) ­ TOTALMANAGERIALREMUNERATION ­

OVERALLCEILINGASPERTHEACT ­

(c)Profitsinlieuofsalaryundersection17(3)Income­taxAct,1961

N.A NIL

2 StockOption N.A NIL

3 SweatEquity N.A NIL

4 Commission N.A NIL

­as%ofprofit N.A NIL

5 Others,pleasespecify N.A NIL

Total N.A NIL

XII.PENALTIES/PUNISHMENT/COMPOUNDINGOFOFFENCES:

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

Type

SectionoftheCompaniesAct

BriefDescription

DetailsofPenalty/Punishment/Compoundingfeesimposed

Authority[RD/NCLT/COURT]

Appealmade,ifany(giveDetails)

A.COMPANYPenalty

NOTAPPLICABLEPunishmentCompoundingB.DIRECTORSPenalty

NOTAPPLICABLEPunishmentCompoundingC.OTHEROFFICERSINDEFAULTPenalty

NOTAPPLICABLEPunishmentCompounding

ANNEXUREII

SECRETARIALAUDITREPORT

[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the CompaniesAppointmentandRemunerationPersonnel)Rules,2014]

FORTHEFINANCIALYEARENDEDASON31STMARCH,2016

To,TheMembers,ATLANTAINFRASTRUCTURE&FINANCELIMITEDWe have conducted the secretarial audit of the compliance of applicable statutory

provisions and the adherence to good corporate practices by M/S ATLANTA

INFRASTRUCTURE & FINANCE LIMITED (Hereinafter called the company). Secretarial

Auditwas conducted inamanner thatprovidedusa reasonable basis forevaluating the

corporateconducts/statutorycompliancesandexpressingmyopinionthereon.

BasedonourverificationoftheM/SATLANTAINFRASTRUCTURE&FINANCELIMITED

(books,papers,minutebooks,formsandreturnsfiledandotherrecordsmaintainedbythe

company and also the information provided by the Company, its officers, agents and

authorizedrepresentativesduringtheconductofsecretarialaudit,Weherebyreportthat

inouropinion,thecompanyhas,duringtheauditperiodcoveringthefinancialyearended

on 31STMARCH, 2016 compliedwith the statutory provisions listed hereunder and also

thattheCompanyhasproperBoard­processesandcompliance­mechanisminplacetothe

extent,inthemannerandsubjecttothereportingmadehereinafter:

We have examined the books, papers, minute books, forms and returns filed and other

recordsmaintained byM/SATLANTA INFRASTRUCTURE&FINANCELIMITED for the

financialyearendedon31STMARCH,2016accordingtotheprovisionsof:

(i)TheCompaniesAct,2013(theAct)andtherulesmadethereunder;

(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made there

under;

(iii)TheDepositoriesAct,1996andtheRegulationsandBye­lawsframedthereunder;

(iv)Foreign Exchange Management Act, 1999 and the rules and regulations made there

undertotheextentofForeignDirectInvestment,OverseasDirectInvestmentandExternal

CommercialBorrowings;

(v)ThefollowingRegulationsandGuidelinesprescribedundertheSecuritiesandExchange

BoardofIndiaAct,1992(‘SEBIAct’):­

(a) TheSecuritiesandExchangeBoardofIndia(ListingObligationandDisclosure

Requirement)Regulation,2015

(b) TheSecuritiesandExchangeBoardofIndia(SubstantialAcquisitionofSharesand

Takeovers)Regulations,2011;

(c) TheSecuritiesandExchangeBoardofIndia(ProhibitionofInsiderTrading)

Regulations,1992;

(d) The Securities and Exchange Board of India (Issue of Capital and Disclosure

Requirements)Regulations,2009;

(e) TheSecuritiesandExchangeBoardof India (EmployeeStockOptionSchemeand

EmployeeStockPurchaseScheme)Guidelines,1999;

(f) TheSecuritiesandExchangeBoardof India(IssueandListingofDebtSecurities)

Regulations,2008;

(g) The Securities and Exchange Board of India (Registrars to an Issue and Share

TransferAgents)Regulations,1993regardingtheCompaniesActanddealingwith

client;

(h) The Securities and Exchange Board of India (Delisting of Equity Shares)

Regulations,2009;and

(i) The Securities and ExchangeBoard of India (Buyback of Securities) Regulations,

1998;

(vi)Otherlawspecificallyapplicabletothecompanyisasfollows:

1. Reserve Bank of India Act, 1934 pursuant to Non banking financial companies

directions.

Wehavealsoexaminedcompliancewiththeapplicableclausesofthefollowing:

I. SecretarialStandardsissuedbyTheInstituteofCompanySecretariesofIndia

II. The Listing Agreements entered into by the Company with BSE Limited Stock

Exchange(s).

DuringtheperiodunderreviewtheCompanyhascompliedwiththeprovisionsoftheAct,

Rules, Regulations, Guidelines, Standards, etc. mentioned above subject to the following

observations:

1. CompanyhasnotexecutedFreshListingAgreementwithBSEasstipulated

in Regulation 109 of the Securities and Exchange Board of India (Listing

ObligationandDisclosureRequirement)Regulation,2015.

2. Company has not complied with Regulation 29 of the The Securities and

Exchange Board of India (Listing Obligation and Disclosure Requirement)

Regulation,2015andclause41(III)oftheerstwhileListingagreementforall

thequartersofthefinancialyear2015­16.

3. The Company is not in compliance with Pursuant to Section 203 (1) (ii) for

appointment of Company Secretary as Key Managerial Personnel for the

financial year 2015­16 and as per Regulation 6 (2) of The Securities and

Exchange Board of India (Listing Obligation and Disclosure Requirement)

Regulation, 2015 and Clause 47(a) of erstwhile Listing Agreement for

appointmentofCompanySecretaryascomplianceofficerforthefinancialyear

2015­16.

4. Company isyet to complywith the section138of theCompaniesAct,2013 i.e.

Internal Auditor needs to be appointed to conduct the internal audit of the

functionsandactivitiesofthecompany.

5. The Company is yet to comply with Regulation 33 (d) of The Securities and

Exchange Board of India (Listing Obligation and Disclosure Requirement)

Regulation, 2015 and Clause 41 (1) (h) of erstwhile Listing Agreement

regardingsubmissionofquarterly/yearlybasisfinancialresultsbyauditorwho

holdsvalidpeerreviewcertificateissuedbyInstituteofCharteredAccountants

inIndia.

6. The Company is yet to comply with Regulation 46 of The Securities and

Exchange Board of India (Listing Obligation and Disclosure Requirement)

Regulation, 2015 and Clause 54 of erstwhile Listing Agreement regarding

maintaining a Functional Website for disseminating information to

shareholders.

7. ThecompanyisyettocomplywithRegulation9,16(c),17(9) (b),30(5)ofTheSecurities and Exchange Board of India (Listing Obligation and DisclosureRequirement)Regulation,2015.

8. Company has not provided advertisement of book closure pursuant tosection91ofCompaniesAct,2013.

9. The Company is not in compliancewith the Section 185 of theCompaniesAct, 2013 with regards the Loans and Advance granted to the privatecompanyinwhichDirectorismemberduringtheyear2015­16.

10. The Company has not complied with Section 136 and Section 101 of theCompanies Act, Regulation 36 of The Securities and Exchange Board of India(ListingObligationandDisclosureRequirement)Regulation, 2015and Clause32oferstwhileListingAgreementregardingsendingtheannualreportof2015­16toeverymemberofthecompany.

Wefurtherreportthat

TheBoardofDirectorsoftheCompanyisdulyconstitutedwithproperbalanceofExecutiveDirectors, Non­Executive Directors and Independent Directors. The changes in thecompositionoftheBoardofDirectorsthattookplaceduringtheperiodunderreviewwerecarriedoutincompliancewiththeprovisionsoftheAct.

Adequate notice is given to all directors to schedule the Board Meetings, agenda anddetailednotesonagendaweresentatleastsevendaysinadvance,andasystemexistsforseekingandobtainingfurtherinformationandclarificationsontheagendaitemsbeforethemeetingandformeaningfulparticipationatthemeeting.

Majoritydecisioniscarriedthroughwhilethedissentingmembers’viewsarecapturedandrecordedaspartoftheminutes.

We further report that there are adequate systems and processes in the companycommensurate with the size and operations of the company to monitor and ensurecompliancewithapplicablelaws,rules,regulationsandguidelines.

WefurtherreportthatduringtheauditperiodthecompanytherehasbeennomaterialdiscrepancyinthebusinessandnospecificchangeinthenatureoftheBusiness.

PLACE:AHMEDABAD FOR,A.SHAH&ASSOCIATESDATE:12/08/2016 PRACTISINGCOMPANYSECRETARIES Sd/­

_____________________MR.ANISHSHAHPROPRIETOR

FCSNo:4713 CPNo.:6560

Note: This report is to be read with our letter of even date which is annexed as“ANNEXUREA”andformsanintegralpartifthisreport

AnnexureA

To,TheMembersATLANTAINFRASTRUCTURE&FINANCELIMITED822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001OurReportofevendateistobereadwiththisletter:

1. Maintenance of Secretarial record is the responsibility of the management of thecompany.Ourresponsibilityistoexpressanopiniononthesesecretarialrecordsbasedonouraudit.2. We have followed the audit practices and processes as were appropriate to obtainreasonableassuranceaboutthecorrectnessofthecontentsofthesecretarialrecords.Theverificationwasdonetotestbasis toensurethatcorrect factsarereflected insecretarialrecords. We believe that the processes and practices, we followed provide a reasonablebasisforouropinion.3.WehavenotverifiedthecorrectnessandappropriatenessoffinancialrecordsandBooksofAccountsoftheCompany.4. Where ever required, we have obtained the Management representation about thecomplianceoflaws,rulesandregulationsandhappeningofeventsetc.5. The compliance of the provisions of Corporate and other applicable laws, rules,regulations,standardsistheresponsibilityofmanagement.Ourexaminationwaslimitedtotheverificationofproceduresontestbasis.6. The Secretarial Audit report is neither an assurance as to the future viability of thecompanynoroftheefficacyoreffectivenesswithwhichthemanagementhasconductedtheaffairsofthecompany.PLACE:AHMEDABAD FOR,A.SHAH&ASSOCIATESDATE:12/08/2016 PRACTISINGCOMPANYSECRETARIES Sd/­

_____________________MR.ANISHSHAHPROPRIETOR

FCSNo:4713 CPNo.:6560

Annexure–III

NOMINATIONANDREMUNERATIONPOLICY

1. INTRODUCTION

PartDofScheduleIIofSEBI(Listingobligationsanddisclosurerequirements)Regulation,2015providesthat:

“The Nomination and Remuneration Committee shall formulate the criteria fordetermining qualifications, positive attributes and independence of directors andrecommend to theBoard, apolicy, relating to the remuneration for thedirectors, keymanagerialpersonnelandotheremployees.”

Section178(2)&(3)oftheCompaniesAct,2013providesthat:

“TheNominationandRemunerationCommitteeshallidentifypersonswhoarequalifiedto become directors andwhomay be appointed in seniormanagement in accordancewiththecriterialaiddown,recommendtotheboardofdirectorstheirappointmentandremovalandshallcarryoutevaluationofeverydirector’sperformance.”

Therefore, to ensure compliance with the aforesaid Act, and Regulations, theNominationandRemunerationCommittee(the‘Committee’)theBoardofdirectorsof‘Atlanta Infrastructure and Finance Limited’ (the ‘Company’) has formulated aNominationandRemunerationPolicy(the‘Policy’).

2. OBJECTIVE

TheobjectiveofthisPolicyistoformulatethecriteriafordeterminingqualifications,positive attributes and independence for the appointment of a Director(Executive/Non­Executive/Independent)andrecommendtotheBoardpolicyrelatingtotheremunerationoftheDirectors,KeyManagerialPersonnelandotheremployees.ThepolicyreflectstheCompany'sobjectivesforgoodcorporategovernanceaswellassustainedlong­termvaluecreationforshareholders.

3. DEFINITIONS‘Company’means‘PatidarBuildconLimited’.‘Committee ‘means ‘Nomination and Remuneration Committee’ as constituted byboardfromtimetotime.‘Regulations’ means ‘SEBI (Listing obligations and disclosure requirements)Regulation,2015’

‘Policy’means‘thispolicy’.‘KeyManagerialPersonnel’means

­ ChiefExecutiveOfficerorManagingDirectorortheManager,­ Wholetimedirector­ ChieffinancialOfficer­ Companysecretary­ AndsuchotherofficerasmaybeprescribedundertheActfromtimetotime.

‘SeniorManagementPersonnel’(SMP)meanspersonneloftheCompanywhoaremembersof thecoremanagement team,excludingBoardofDirectorsandareonelevelbelowtheExecutiveDirectorincludingFunctionalHead.

‘Remuneration ’meansanymoneyoritsequivalentgivenorpassedtoanypersonfor services rendered by him and includes perquisites as defined under theIncome­taxAct,1961.

4. APPLICABILITY

The Nomination and Remuneration Policy applies to the appointment andremuneration of Directors, Key Managerial Personnel and Company’s SeniorManagementandotheremployees.

This Nomination & Remuneration Policy shall apply to all future employmentagreements with members of Company's Senior Management, Key ManagerialPersonnel and Board of Directors. This Policy shall be of guidance for theNomination&RemunerationCommitteeandBoardofDirectors.

5. APPOINTMENTCRITERIATheCommitteeshallidentifyandascertaintheintegrity,qualification,expertiseandexperience of the person for appointment as Director, KMP or at SeniorManagementlevelandrecommendtotheBoardhis/herappointment.A person should posses adequate qualification, expertise and experience for theposition he/she is considered for appointment. The Committee has discretion todecide whether qualification, expertise and experience possessed by a person aresufficient/satisfactoryfortheconcernedposition.A person to be appointed as a Director should possess impeccable reputation forintegrity,deepexpertiseandinsightsinsectors/areasrelevanttotheCompanyandabilitytocontributetotheCompany’sgrowth.

APPOINTMENTOFEXECUTIVEDIRECTOR

ForthepurposeofappointmentofExecutiveDirectors,theCommitteeshallidentifypersons of integrity who possess relevant experience, domain expertise andleadershipqualitiesand alsoensure that the incumbent fulfills suchother criteriawith regard to age and qualifications as laiddownunder Companies Act or otherapplicablelaws.

APPOINTMENTOFNONEXECUTIVEDIRECTORSThe Non Executive Directors shall be persons of high integrity with relevantexpertise and experience so as to have a diverse Board with Directors havingexpertise in the fields of finance, taxation, law, governance,marketing and generalmanagement.

APPOINTMENTOFINDEPENDENTDIRECTORSIn the case of appointment of IndependentDirectors, the Committee satisfies itselfwithregardtotheindependentnatureoftheDirectorandconsiderstheincumbent’squalification, expertise and experience in the respective field and diversity of theBoard while recommending to the Board the candidature for appointment asDirectorsoastoenabletheBoardtodischargeitsfunctionanddutieseffectively.The Nomination & Remuneration Committee shall decide whether to extend orcontinuethetermofappointmentoftheindependentdirector,onthebasisofreportofperformanceevaluationofindependentdirectors.

APPOINTMENTOFKMP/SENIORMANAGEMENT/OTHEREMPLOYEES­ Topossesstherequiredqualifications,experience,skillsandexpertisetoeffectively

dischargetheirdutiesandresponsibilities.­ TopracticeandencourageprofessionalismandtransparentworkingEnvironment.­ To build teams and carry the team members along for achieving the

goals/objectivesandcorporatemission.

6. REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL & SENIORMANAGEMENTTheguidingprinciple is that theremunerationand theothertermsofemploymentshall be competitive in order to ensure that the Company can attract and retaincompetentExecutives/Directors.Theappointmentand remunerationof theManagerialPersonnel shallbegovernedbyChapterXIIIoftheCompaniesAct,2013readwithScheduleVandtheRulesthereunder.RewardPolicies

­ Attract and retain: Remuneration packages are designed to attract high caliberexecutives in a competitive global market and remunerate executives fairly and

responsibly. The remuneration shall be competitive and based on the individualresponsibilitiesandperformance.

­ Motivate and reward: Remuneration is designed tomotivate delivery of our keybusinessstrategies,createastrongperformanceorientatedenvironmentandrewardachievementofmeaningfultargetsovertheshort­andlong­term.

­ Theprincipaltermsofnon­monetarybenefits:TheExecutiveswillbeentitledtocustomarynon­monetarybenefits suchas companycars andcompanyhealth care,telephone etc. In addition thereto in individual cases company housing and otherbenefitsmayalsobeoffered.

RemunerationofExecutiveDirectors

­ The remuneration of the ExecutiveDirectors is recommendedby theNominationandRemunerationCommitteeandsubsequently,theBoardapprovesandadoptsthesame and wherever necessary forwards the same for the approval of theshareholdersintheGeneralMeetingsoftheCompany.

­ Executive remuneration is evaluated annually against performance and a

benchmark of software companies, which in size and function are similar to theCompany.TheTotalmonthly remuneration ofManagingDirector/Whole­timeDirector shallbecomprised,interalia,asfollows:

­ BasicSalary­ HouseRentAllowance­ TransportAllowance­ ConveyanceAllowance­ Reimbursement of any out of pocket expenses incurred by the Directors in

dischargeoftheirfunctions/dutiesonbehalfoftheCompany.

AnnualComponents:­ Medicalreimbursement­ LeaveTravelAllowance

RemunerationofNon­ExecutiveDirectors

TheNon­ExecutiveDirectors (NEDs) are paid remuneration byway of Sitting Fees.TheArticlesofAssociationoftheCompanyhaveentrustedtheBoardofDirectorsoftheCompany todecide theremunerationpayable to theNon­ExecutiveDirectorsoftheCompanywithinthelimitspermissibleundertheCompaniesAct,2013andRulesthere under for each meeting of the Board of Directors or Committee Meetingsattended by them irrespective of the number of days forwhich suchmeetingmaycontinueconsecutively.

PaymentofSittingFees

The Directors may receive Sitting Fees for attending Board meeting as per theprovisionsoftheCompaniesAct,2013.TheamountofSittingFees,asrecommendbyNominationandRemunerationCommitteeandapprovedbyBoardofDirectors,shallbesubjecttothelimitsasperCompaniesAct,2013andrulesmadethereunderandanyotherenactmentforthetimebeinginforce.

RemunerationofKMPandSeniorManagementPersonnel

While determining the remuneration of Key Managerial Personnel and SeniorManagement,thefollowingfactorsareanalyzedbytheCommittee:

­ The performance and contributions of Key Managerial Personnel and SeniorManagement to the growth of the Company, Relative position in the organizationandlengthofservice.

­ Company’sperformanceandpastremunerationpaidtoKMP/SeniorManagement.­ LimitsprescribedbyanyActs,rulesorregulations.

RemunerationofOtheremployeesApartfromtheDirectors,KMPsandSeniorManagementPersonnel,theremunerationfor rest of the employees is determined on the basis of the role and position of theindividualemployee,includingprofessionalexperience,responsibility, jobcomplexityandmarketconditions.Thevariousremunerationcomponents,basicsalary,allowances,perquisitesetc.maybecombinedtoensureanappropriateandbalancedremunerationpackage.Theannualincrementstotheremunerationpaidtotheemployeesshallbedeterminedbasedon theappraisal carriedoutby theHODsofvariousdepartments.DecisiononAnnualIncrementsshallbemadeonthebasisofthisappraisal7. POLICYREVIEW

TheNominationandRemunerationCommitteeshallreviewthePolicy,fromtimetotime,asandwhenanychangesaretobeincorporatedinthePolicyduetochangeinAct/Rules/RegulationsorasmaybefeltappropriatebytheCommitteetoensuretheeffectiveness of the Policy. The Committeewill discuss any revisions thatmayberequired, and recommend any such revisions to the Board of Directors for theirconsiderationandapproval.

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR

(DIN­00797245)

Annexure­IV

FORMNO.AOC­2

(Pursuanttoclause(h)ofsub­section(3)ofsection134oftheActandRule8(2)oftheCompanies(Accounts)Rules,2014.

FormforDisclosureofparticularsofcontracts/arrangementsenteredintobythecompanywithrelatedpartiesreferredtoinsubsection(1)ofsection188oftheCompaniesAct,2013includingcertainarmslengthtransactionunderthirdprovisothereto.

1.DetailsofcontractsorarrangementsortransactionsatArm’slengthbasis.

Sr.No. Particulars Detailsa. Name(s)oftherelatedparty&natureof

relationshipName:NANatureofrelationship:

b. Natureofcontracts/arrangements/transaction NAc. Durationofthe

contracts/arrangements/transactionNA

d. Salienttermsofthecontractsorarrangementsortransactionincludingthevalue,ifany

NA

e. DateofapprovalbytheBoard f. Amountpaidasadvances,ifany N.A

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR

(DIN­00797245)

ANNEXURE–V(Pursuanttosub­section(2)ofsection186oftheActandRule11oftheCompanies

(MeetingsofBoardanditsPowers)Rules,2014)Details ofLoans;(Aftertheledgerofloansandadvancesprovided)Sr.No

DetailsofBorrower

Amount Purposeforwhichtheloanistobeutilizedbytherecipient

Timeperiodforwhichitisgiven

DateofBR DateofSR(ifreqd)

RateofInterest

Security

1. Mr.AshishThakkar

Rs.1,94,535 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

2. M/sGoldingMercantilepvtltd

Rs.2,97,990 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

3. M/sLariteind.ltd

Rs.22,96,567 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

4. PestonjeeBhicajee(kutch)

Rs.56,085 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

5. M/sTricomIndiaLtd

Rs.1,27,740 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

6. M/sAyodhyapatiInvestmentPrivateLimited

Rs.22,73,387 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

7. M/sOmeducation(I.T)PvtLtd.

Rs.18,09,031 Businesspurpose

N.A 06­11­2015 ­ 9%P.A ­

DetailsofInvestments:­

Sr.No

Dateofinvestment

DetailsofInvestee

Amount Purposeforwhichtheproceedsfrominvestmentisproposedtobeutilizedbytherecipient

DateofBR DateofSR(ifreqd)

Expectedrateofreturn

1 N.A N.A N.A N.A N.A N.A N.A

DetailsofGuarantee/SecurityProvided:

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR

(DIN­00797245)

Sr.No

Dateofprovidingsecurity/guarantee

Detailsofrecipient

Amount Purposeforwhichthesecurity/guaranteeisproposedtobeutilizedbytherecipient

DateofBR

DateofSR(ifany)

Commission

1 N.A N.A N.A N.A N.A N.A N.A

ANNEXUREVI

DETAILSPERTAININGTOREMUNERATION ASREQUIREDUNDERSECTION197(12)OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES(APPOINTMENTANDREMUNERATIONOFMANAGERIALPERSONNEL)RULES,2014(i) Thepercentage increase inremunerationofeachDirector&ChiefFinancialOfficer

duringtheFinancialyear2015­16,ratiooftheremunerationofeachDirectortothemedianremunerationoftheemployeesoftheCompanyfortheFinancialyear2015­16 and the comparison of remuneration of each KeyManagerial Personnel (KMP)againsttheperformanceoftheCompanyareasunder:

Sr.No.

Name ofDirector/KMP andDesignation

Remunerationof

Director/KMPforFinancialyear2015­16(Rs.incrore)

%increaseinRemuneration

intheFinancial

Year2015­16

Ratioofremuneration

ofeachDirector/tomedian

remunerationofemployees

Comparison oftheRemunerationof the KMPagainst theperformanceof theCompany

1. MR.SHAILESHVED–(MANAGINGDIRECTOR)

1,20,000 ­ 1.71:1 N.A(AsLBTofcompanyisRs.11.55Lacs

sonocomparisoncanbe

provided)2. MR.MANISHASHAR­

(INDEPENDENTDIRECTOR)

­ ­ ­ ­

3. MR.SURESHMAVANI–(INDEPENDENTDIRECTOR)

­ ­ ­ ­

4. MRS.BHAVNAASHAR–(NONEXECUTIVEDIRECTOR)

­ ­ ­ ­

(ii) The median remuneration of employees of the Company during the financialyearwasRs.70,000/­

(iii) In the Financial year, there was no increase in median remuneration ofemployees;

(iv) Therewere 4 permanent employees on the rolls of Company as onMarch31,2016.

(v) Relationship between average increase in remuneration and company

performance:­

AsthecompanyhasincurredlossofRs.2,98,879Lacssonocomparisoncanbeprovided

(vi) Comparison of Remuneration of the Key Managerial Personnel(s) against theperformanceoftheCompany:

a) Variations in the market capitalization of the Company: The marketcapitalizationason*January06,2015wasRs.921690000

*(As the shares have not been traded after 06TH January, 2015 due tosuspension)

b) As earning per share of the Company is NIL Price Earnings ratio of theCompanyisnotprovided.

c) Percentincreaseover/decreaseinthemarketquotationsofthesharesofthecompanyascomparedtotherateatwhichthecompanycameoutwiththelastpublic offer in the year could not be provided as previous years data is notavailable.

(vii) Averagepercentagedecreasemade in the salariesofemployeesotherthanthemanagerialpersonnelinthefinancialyeari.e.2015­16was2.78%whereasthedecreaseinthemanagerialremunerationforthesamefinancialyearwas50%.

(viii) Thekeyparametersforthevariablecomponentofremunerationavailedbythedirectors are considered by the Board of Directors based on therecommendations of theNomination and Remuneration Committee as per theRemuneration Policy for Directors, Key Managerial Personnel and otherEmployees.

(ix) The ratio of the remuneration of the highest paid director to that of theemployees who are not directors but receive remuneration in excess of thehighestpaiddirectorduringtheyear–NotApplicable;and

(x) It is hereby affirmed that the remuneration paid is as per the as per theRemuneration Policy for Directors, Key Managerial Personnel and otherEmployees.

PLACE:RAJKOTBYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR

(DIN­00797245)

AnnexureVIIAnnual report on Corporate Social Responsibility (CSR) activities for the financialyear2015­16

1

ABriefoutlineofthecompany’sCSRpolicyincludingoverviewoftheprojectsofprogrammesproposedtobeundertakenanda reference to the web link to the CSR policy projects ofprogrammesandthecompositionofCSRcommittee

NA

2

Average net profit of the company for the last three financialyears

NA

3

PrescribedCSRexpenditure(2%oftheamountmentionedin2above)

NA

4

DetailsofCSRspentduringthefinancialyear:●Totalamounttobespentforthefinancialyear●Amountunspent,ifany●Mannerinwhichtheamountspentduringthefinancialyear

NA

DetailsofamountspentonCSRactivitiesduringthefinancialyear2015­16(1) (2) (3) (4) (5) (6) (7) (8)Sr.No.

CSRProjectofactivityidentified

Sector inwhichtheprojectiscovered(clauseno ofscheduleVIItothecompanies Act2013 asamended)

Project orPrograms(1) Local areaofother(2)Specifythestate anddistrict whereprojects orprogramswasundertaken

Amountoutlay(budget)ProjectsorProgramswise(Rs. inLakhs)

Amountspent ontheprojectsorprogramsSubHeads:(1)Directexpenditure onprojects orprograms(2) Sub­heads(Rs. inLakhs)

Cumulativeexpenditure up tothereportingperiod(Rs. InLakhs)

Amountspent: Director throughimplementingagency:

1

NA

NA

NA NA NA

PLACE:RAJKOTBYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR

(DIN­00797245)

REPORTOFTHEDIRECTORSONCORPORATEGOVERNANCE

COMPANY’SPHILOSOPHYONCODEOFCORPORATEGOVERNANCE:

Corporategovernanceisaboutmaximizingshareholdervaluelegally,ethicallyandonasustainable basis. Corporate Governance helps to enhance stakeholders’ value byfocusing on long­term value creation without compromising on integrity, socialobligations and regulatory compliances. The Corporate Governance philosophy isscriptedas:

“As a good corporate citizen, the Company is committed to sound corporate practicesbased on conscience, openness, fairness, professionalism and accountability in buildingconfidence of its various stakeholders in it thereby paving the way for its long termsuccess.”

The company believes in sustainable corporate growth that emanates from the topleadership down through the organization to the various stakeholders which isreflected in its sound financial system, enhanced market reputation and improvedefficiency.

TheCompanybelievesthatgoodCorporateGovernanceisacontinuousprocessanditisour continuous endeavor to achieve good governance, by way of a conscious andconscientious effort whereby ensuring the truth, transparency, accountability andresponsibilityinallourdealingswithourstakeholders,consumers,employeesandthecommunityatlarge.

The Board of Directors represents the interest of the Company’s stakeholders, foroptimizinglong­termvaluebywayofprovidingnecessaryguidanceandstrategicvisionto the Company. The Board also ensures that the Company’s management andemployeesoperatewiththehighestdegreeofethicalstandards.

I. BoardofDirectors

A. BOARDOFDIRECTORS:ThenamesandcategoryofDirectorsontheBoard, theirattendanceat theBoard

meetings held during the year and also at the last Annual General Meeting, the

numberofDirectorshipsheldbytheminothercompaniesason31stMarch,2016

aregivenbelow:

NameofDirector

Category

No.of

BoardMeeting

Attended

LastAGMAttendance

MR.SHAILESHVED

MANAGINGDIRECTOR

4 4 YES

MR.MANISHASHARINDEPENDENT

DIRECTOR4 4 YES

MR.SURESHMAVANI

INDEPENDENTDIRECTOR

4 4 YES

MRS.BHAVNAASHAR

NONEXECUTIVEDIRECTOR

4 4 YES

FourBoardMeetingswereheldduringtheyearandthegapbetweentwomeetingsdidnotexceedOneHundredTwentyDays.Thedatesonwhichthesaidmeetingswereheld:

May30,2015,August14,2015,November06,2015,February04,2016&February08,

2016.

NoneoftheDirectorsofBoardisamemberofmorethan10CommitteesandnoDirectoristheChairmanofmorethan5committeesacrossallthecompaniesinwhichheisaDirector.The necessary disclosures regarding Committee positions have been made by all theDirectors.ThenumberofDirectorshipsheldbytheminothercompaniesason31stMarch,2015isgivenbelow:

NameofDirector OtherDirectorship

(No.ofCompany)MR.SHAILESHVED 0MR.MANISHASHAR 0MR.SURESHMAVANI 1MRS.BHAVNAASHAR 0

B. INDEPENDENTDIRECTOR:None of the Director of the Company is on the Board of more than 7 listedcompanies as an Independent Director. Further, none of the Director of theCompany is acting as a Whole Time Director of any listed company as well asIndependentDirectorinmorethan3listedcompanies.

None of the Directors of Board is a member of more than10 Committees and noDirector is the Chairman of more than 5 committees across all the companies in

which he is a Director. The necessary disclosures regarding Committee positionshavebeenmadebyalltheDirectors.Pursuant to Schedule IV of the Companies Act, 2013 and the Rules made thereunder, all the independent directors of the Company met once during a year,without the attendance of non‑independent directors and members of theManagement.

C. PERFORMANCEEVALUATION:

Onthebasesofperformanceevaluation criteria laiddownbytheNominationandRemunerationCommittee&PursuanttotheprovisionsoftheCompaniesAct,2013,overallperformanceandcontributionofindependentdirectorsandboardaswholeis evaluated by the board of directors of the company at its meeting held on08thFebruary, 2016 and framed the opinion that all the independent directors as wellexecutive and nonexecutive director have performed their duty satisfactorily andmakingtheirbesteffortsfortheadvancementofthecompany.

D. CODEOFCONDUCT:

The Board has laid down code of conduct for all Board Members and SeniorManagerial Personnel of the Company. All Board Members and Senior ManagerialPersonnelhaveaffirmedcompliancewiththeCodeofConductandadeclarationtothiseffectsignedbytheChiefExecutiveOfficer(CEO)hasbeenobtained.A declaration signed by Mr. Shailesh Ved , Managing Director of the company isattachedherewithformingpartofhisAnnualReport.

II. AUDITCOMMITTEE:

TheAuditCommitteecomprisesof3membersoutofwhich2areNon­Executiveareindependent directors. Accordingly, the Company has complied with therequirements of Regulation 18 of SEBI (Listing Obligation and DisclosureRequirement)Regulations,2015relatingtocompositionofAuditCommittee.

ThetermsofreferenceoftheAuditCommitteeincludesfollowing:

� Oversightofthecompany’sfinancialreportingprocessandthedisclosureofitsfinancialinformationtoensurethatthefinancialstatementiscorrect,sufficientandcredible;

� Recommendation for appointment, remuneration and terms of appointment ofauditorsofthecompany;

� Approval of payment to statutory auditors for any other services rendered bythestatutoryauditors;

� Reviewing,withthemanagement,theannualfinancialstatementsandauditor'sreport thereon before submission to the board for approval, with particularreferenceto:- MattersrequiredtobeincludedintheDirector’sResponsibilityStatementto

be included in the Board’s report in terms of clause (c) of sub­section 3 ofsection134oftheCompaniesAct,2013

- Changes,ifany,inaccountingpoliciesandpracticesandreasonsforthesame- Major accounting entries involving estimates based on the exercise of

judgmentbymanagement- Significantadjustmentsmadeinthefinancialstatementsarisingoutofaudit

findings- Compliance with listing and other legal requirements relating to financial

statements- Disclosureofanyrelatedpartytransactions- Qualificationsinthedraftauditreport

� Reviewing, with the management, the quarterly financial statements beforesubmissiontotheboardforapproval;

� Reviewing, with the management, the statement of uses / application of fundsraised through an issue (public issue, rights issue, preferential issue, etc.), thestatement of funds utilized for purposes other than those stated in the offerdocument / prospectus / notice and the report submitted by the monitoringagency monitoring the utilization of proceeds of a public or rights issue, andmaking appropriate recommendations to the Board to take up steps in thismatter;

� Review and monitor the auditor’s independence and performance, andeffectivenessofauditprocess;

� Approval or any subsequent modification of transactions of the company withrelatedparties;

� Scrutinyofinter­corporateloansandinvestments;� Valuationofundertakingsorassetsofthecompany,whereveritisnecessary;� Evaluationofinternalfinancialcontrolsandriskmanagementsystems;� Reviewing, with the management, performance of statutory and internal

auditors,adequacyoftheinternalcontrolsystems;� Reviewingtheadequacyofinternalauditfunction,ifany,includingthestructure

oftheinternalauditdepartment,staffingandseniorityoftheofficialheadingthedepartment,reportingstructurecoverageandfrequencyofinternalaudit;

� Discussionwithinternalauditorsofanysignificantfindingsandfollowupthereon;

� Reviewing the findings of any internal investigations by the internal auditorsinto matters where there is suspected fraud or irregularity or a failure ofinternal control systems of a material nature and reporting the matter to theboard;

� Discussion with statutory auditors before the audit commences, about thenatureandscopeofauditaswellaspost­auditdiscussiontoascertainanyareaofconcern;

� To look into the reasons for substantial defaults in the payment to thedepositors,debentureholders,shareholders(incaseofnon­paymentofdeclareddividends)andcreditors;

� ToreviewthefunctioningoftheWhistleBlowermechanism;� Approval of appointment of CFO (i.e., the whole­time Finance Director or any

other person heading the finance function or discharging that function) afterassessingthequalifications,experienceandbackground,etc.ofthecandidate;

� CarryingoutanyotherfunctionasismentionedinthetermsofreferenceoftheAuditCommittee.

Explanation(i):Theterm"relatedpartytransactions"shallhavethesamemeaningasprovidedinCompaniesAct,2013.Additionally, the Audit Committee shall mandatorily review the followinginformation:

� Management discussion and analysis of financial condition and results of

operations;� Statement of significant related party transactions (as defined by the Audit

Committee),submittedbymanagement;� Management letters / letters of internal control weaknesses issued by the

statutoryauditors;� Internalauditreportsrelatingtointernalcontrolweaknesses;and� The appointment, removal and terms of remuneration of the Chief internal

auditorshallbesubjecttoreviewbytheAuditCommittee.

The Committee met 6 times during the year 2015­16 and the attendance ofmembersatthemeetingswasasfollows:

NAMEOFMEMBER CATEGORY STATUS

NO.OFMEETINGSATTENDED/HELD

MR.SURESHMAVANI NONEXECUTIVE­INDEPENDENT

CHAIRMAN 6/6

MR.MANISHASHAR NONEXECUTIVE­INDEPENDENT MEMBER 6/6

MR.SHAILESHVED MANAGINGDIRECTOR&CFO MEMBER 6/6

The Audit Committee has reviewed financial condition and results of operationsforming part of the management discussion and analysis, statement of significantrelatedpartytransactionsassubmittedbythemanagementasmentionedinpartCSchedule II of SEBI (Listing Obligations and disclosure Requirement) Regulations,2015.

The Chairman of the Audit Committee of the Company was present at the lastAnnualGeneralMeetingoftheCompanyheldonSeptember30,2015.

III. NOMINATIONANDREMUNERATIONCOMMITTEE: In compliance with Section 178 of the Companies Act, 2013 and Regulation 19 ofSEBI(Listingobligationand DisclosureRequirement)Regulations 2015, theBoardhasconstitutedthe“NominationandRemunerationCommittee.”The Nomination and Remuneration Committee comprises of 3 Non­ExecutiveDirectorsandall3areindependentdirectors.TheChairmanoftheCommitteeisanIndependent Director. Accordingly, the Company has complied with therequirements of Regulation 19 of SEBI (Listing obligation and DisclosureRequirement) Regulations 2015 relating to composition of Nomination andRemunerationCommittee.

ThetermsofreferenceoftheCommitteeinteralia,includethefollowing:

a) To identify persons who are qualified to become directors and who may beappointed in senior management in accordance with the criteria laid down,recommendtotheBoardtheirappointmentandremoval

b) Tocarryoutevaluationofeverydirector’sperformance.

c) To formulate criteria for determining qualification, positive attributes &

Independenceofdirector

d) Torecommendtoboardpolicyrelatingtoremunerationforthedirectors,KMPandemployees.

e) NRCshallwhileformulatingpolicyensurethat,

a. Thelevel&compositionofremunerationisreasonable&sufficienttoattract,retain&motivatedirectorsofthequalityrequiredtoruntheco.successfully

b. Relationshipofremunerationtoperformanceisclearandmeetsappropriateperformancebenchmarks,and

c. Remuneration to directors, KMP and senior management involve balancebetween fixed & incentive pay reflecting short and long­term performanceobjectiveappropriatetotheworkingoftheco.&itsgoals.

f) TodeviseapolicyonBoarddiversity;

g) ToperformanyotherfunctionsasmaybeassignedtoCommitteebytheBoardfromtimetotime.

TheCommitteemettwiceduringtheyear2015­16andtheattendancesofmembersatthemeetingswereasfollows:

NAMEOFMEMBER CATEGORY STATUS NO.OFMEETINGSATTENDED/HELD

MR.SURESHMAVANI NONEXECUTIVE­INDEPENDENT

CHAIRMAN 2/2

MR.MANISHASHAR NONEXECUTIVE­INDEPENDENT

MEMBER 2/2

MRS.BHAVNAASHAR NONEXECUTIVE MEMBER 2/2

NosittingfeesarepaidtoanyDirector.

RemunerationpaidduringtheyearbytheCompanywas–

IV. STAKEHOLDERS’RELATIONSHIPCOMMITTEE:

In compliance with Section 178 of the Companies Act, 2013 and Regulation 20 ofSEBI(ListingobligationandDisclosureRequirement)Regulations,2015,theBoardhasconstitutedStakeholdersRelationshipCommittee.

TheStakeholders’RelationshipCommitteecomprisesoffollowingmembers:

1.Mr.SureshMavani­Chairman2.Mr.ManishAshar­Member

TheroleoftheCommitteeisasunder:� Tohearthecomplaintandgrievancesofvarioussecuritiesholderssoas

ensure that timely relief is extended to securities holders includingshareholders in respect of their compliant. Additionally the Committeealsolooksintotheshareholders’complaints,ifany,relatedtonon­receiptof balance sheet, non­receipt of declared dividend, revalidation ofdividendwarrantsetc.andredressthesameexpeditiously.

� To consider and approve issue of share certificates (including issue ofrenewed or duplicate share certificates), transfer and transmission ofsecurities,etc

NAMEOFTHEDIRECTOR

DESIGNATION AMOUNTPAID(RS.)

MR.SHAILESHVED MANAGINGDIRECTOR

1,20,000P.A.

The Committee met four times during the year 2015­16 and the attendance ofmembersatthemeetingswasasfollows:NameofMember Capacity Status No.ofMeetings

attended/heldMr.SureshMavani NonExecutive­

Independent Chairman 4/4

Mr.ManishAshar NonExecutive­Independent Member

4/4

Allinvestorscomplainsdirectlyreceivedbythecompanyarerecordedonthesamedateofreceiptandresolvedimmediately.

V. GENERALBODYMEETING:

a. The details of last 3 Annual General Meetings (AGMs) of the Company are as

under:

FinancialYear

Date Time Venue

2014­2015 30.09.2015 10.00A.M. 822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001

2013­2014 30.09.2014 03.00P.M. 822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001

2012­2013 20.07.2013 11.00A.M. 1,NIRAJAPPT,22,NEWJAGNATHPLOT,MAHAKALIMANDIRROAD,RAJKOT.

SpecialResolutioninLast3AGMs:

InAGMheldonSeptember30,2015,noSpecialResolutionswaspassed

InAGMheldonSeptember30,2014,FourSpecialResolutionswerepassedasunder:(i) Provisions of Section 180(1)(c) of the Companies Act, 2013, to borrow

fromtimetotimesuchsumorsumsofmoneyastheymaydeemnecessaryforthepurposeofthebusinessoftheCompany,notwithstandingthatthemoniestobeborrowedtogetherwiththemoniesalreadyborrowedbytheCompany (apart from cash credit arrangement, discounting of bills andothertemporaryloansobtainedfromCompany’sBankersintheordinarycourse of business) and remaining outstanding at any point of timewill

exceedtheaggregateofthePaid­upShareCapitaloftheCompanyanditsFree Reserves, i.e. reserves not set apart for any specific purpose;provided that thetotalamountuptowhichmoniesmaybeborrowedbytheBoard ofDirectors andwhich shall remain outstanding at any givenpointoftimeshallnotexceedthesumofRs.100crores(RupeesHundredcrores).”

(ii) PursuanttotheprovisionsofSection186oftheCompaniesAct,2013and

the rules framed thereunder, asamended from time to time togiveanyloan to any Body Corporate(s)/Person(s), to give any guarantee or toprovide any security in connection with a loan to any BodyCorporate(s)/Person(s) and to acquire byway of subscription, purchaseorotherwise,securitiesofanyBodyCorporate(s)andtodecidelimituptowhichsuchinvestmentsinsecurities/loans/guarantees,thatmaybegivenor made, notwithstanding that any loan given to any BodyCorporate(s)/Person(s), anyguaranteegivenorany securityprovided inconnectionwithaloantoanyBodyCorporate(s)/Person(s)andtoacquireby way of subscription, purchase or otherwise, securities of any BodyCorporate(s) may exceed 60% of the aggregate of the paid­up ShareCapitalandFreeReservesandSecuritiesPremiumAccount;or100%ofitsFreeReserves,whichever ishigherat anypointof timehowever it shallnotexceedbeyondRs.50croresatanypointoftime;onsuchtermsandconditions,astheBoardmaythinkfit.

(iii) To reappoint Mr. Shailesh Ved, Managing Director of the Company for atermperiodof5YearswitheffectfromApril1,2014.

InAGMheldonSeptember30,2013,SpecialResolutionswerepassed:

i. ThenameoftheCompanyischangedfromKADVANISECURITIESLIMITEDto“ATLANTAINFRASTUCTURE&FINANCELIMITED”.

VI. DISCLOSURES:

a) ManagementDiscussionandAnalysis:

Annual Report has a detailed chapter on Management Discussions andAnalysis.

b) RelatedPartyTransaction:

There were no transactions with related parties, which are not in theordinarycourseofbusinessandnotonarm’slengthbasis.There were no materially significant related party transactions that mayhave potential conflict with the interests of company at large, during the

year. The Company has received representation from Senior Managementpersonnel that there was no material significant financial and commercialtransactionentered intobythemalongwiththeir relativewheretheyhavepersonal interest thatmayhaveapotential conflictwith the interestof theCompanyatlarge.ThecompanyhasalsoformulatedapolicyondealingwithRelatedPartyTransactions.

c) Accountingtreatment

ThecompanyhasfollowedaccountingtreatmentasprescribedinAccountingStandardapplicabletothecompany.

d) Neitheranynon­compliancenoranypenalty,strictureswereimposedonthe

Company by stock exchanges or SEBI or any statutory authority on anymatterrelatedtocapitalmarketsduringthelastthreeyears.

e) WhistleBlowerPolicy(VigilMechanism)

The Company established the Whistle Blower Policy (vigil mechanism).Inlinewith thebestCorporateGovernancepractices, theCompanyhasput inplace a system through which the Directors or employees may reportconcerns about unethical and improper practices or Alleged WrongfulConduct,without fearof reprisal.The functioningof thevigilmechanism isbeingmonitoredbytheAuditCommitteefromtimetotime.

f) VariousPoliciesadoptedbythecompany

Due to promulgation of Securities Exchange Board of India (ListingObligation and Disclosure Requirement) Regulations, 2015, the companyhas adopted various other policies in line with the best CorporateGovernancePractices.Followingotherpolicieshavebeenadoptedbythecompany:

� Riskmanagementpolicy� NominationandRemunerationpolicy� BoardDiversitypolicy� MaterialSubsidiarypolicy� Preservationofdocumentspolicy

VII. MEANSOFCOMMUNICATION:

FinancialResults

The Results of the Company were submitted to the Stock Exchanges after theconclusion of the Board Meeting. The official news releases are beingsimultaneouslysenttoStockExchangeswherethesharesoftheCompanyarelisted.

VIII. GENERALSHAREHOLDERINFORMATIONAnnualGeneralMeeting,BookClosure&DividendPayment

The information of forthcoming Annual General Meeting, Book Closure andDividend payment details have been provided in the Notice of Annual GeneralMeetingenclosedalongwiththisAnnualReport.

FinancialCalendarFinancialYear:1stApril,2015to31stMarch,2016

FinancialResults:AnnualResults : 30thMay,2015FirstQuarterResults: 14thAugust,2015HalfYearResults :06thNovember,2015ThirdQuarterResults : 08thFebruary,2016

ListingAtpresent,theequitysharesoftheCompanyarelistedontheBSELimited(BSE)

NameofStockExchange StockCode

BSELimited 530479

The Company has paid the listing fees for the year 2015­16 to theBombayStockExchangeLimited.

MARKETPRICEDATAATBOMBAYSTOCKEXCHANGELIMITED:

MONTH HIGH(RS.) LOW(RS.)April,2015

*(Sharesarenottradedafter06THJanuary,2015

duetosuspension)

May,2015June,2015July,2015

August,2015September,2015October,2015

November,2015December,2015January,2016

February,2016March,2016

REGISTRARANDSHARETRANSFERAGENT:M/S.LINKINTIMESHAREREGISTRYPVT.LTD.NO.C­13,PANNALALSILKMILLSCOMPOUND,LALBAHADURSHASTRIROAD,BHANDUPWEST,MUMBAI,MAHARASHTRA400078Tele:+(91)­22­25963838,25946970 SHARETRANSFERSYSTEM:Thesharetransferworkishandledbyregistrarandtransferagentforthecompany.ShareTransfersareregisteredanddispatchedwithinaperiodofthirtydaysfromthedateofthelodgmentsifthetransferdocumentsarecorrectandvalidinallrespects.TheCompanyhasobtained the half yearly certificates from a Company Secretary in Practice for duecompliance of share transfer formalities as per the requirement of Clause 47 (c) of theerstwhile Listing Agreement of the Stock Exchanges and Regulation 40(9) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015. These certificateshavebeensubmittedtotheStockExchanges.DistributionPatternasonthe31stMarch,2016:

Particulars NoofShares PercentagePromotersandRelatives 0 0

Banks/FII/FI 0 0Public 81682245 70.72

BodyCorporate 18253797 15.80ClearingMember 1248800 1.08

NRI 86 0.00HUF 14315072 12.40Total 115500000 100.00

DematerializationofSharesandLiquidity

110732700sharesconstituting95.87%of totalnumberofsharesoftheCompanyare inelectronicformasonMarch31,2016.

ISINNo.(ForDematerializedShares): INE433D01027

The Company has no GDRs/ADRs/Warrants/Convertible Instruments outstanding as onMarch31,2016

AddressforCorrespondence:822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

MANAGEMENTDISCUSSIONANDANALYSIS

1.OverallReview:

The Company has diversified in to activities relating to infrastructural projects,

includingconstructionsforresidentialandcommercialpremises.

2.FinancialReview:

TotalturnoveroftheCompanyduringthefinancialyear2015­16wasRs.72.38Lacs.

3.InternalControlSystemandtheiradequacy:

Considering the sizeof the company, your companyhasadequate systemof internal

control to provide reasonable assurance that assets are safeguarded and protected

fromunauthorizeduseordeposition.

4.BusinessEnvironment:

ThePerformanceofthecompanyfortheyearunderreviewwassatisfactory.

5.RiskandConcern:

Thebuilding,plantandmachinery,vehicleandstocksofthecompanyareadequately

insured.

6.CautionaryStatement:

Statements in this report on management Discussion and analysis may be forward

looking statements within the meaning of applicable security laws or regulations.

Thesestatementsarebasedoncertainassumptionsandexpectationsoffutureevents.

Actual results could however, differ materially from those expressed or implied.

Important factors that could make a different to the Company’s operations include

global and domestic demand supply conditions, finished goods prices, raw material

cost and availability and changes in government regulation and tax structure,

economic developmentwithin India and the countrieswithwhich the company has

businesscontactsandotherfactorssuchaslitigationandindustrialrelations.

The Company assumes no responsibilities in respect of forward looking statements

which may be amended or modified in future on the basis of subsequent

developments,informationofevent.

PLACE:RAJKOTBYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTRUCTURE&FINANCELIMITED

Sd/­_________________________

MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

CEO/CFOCERTIFICATION

To,BoardofDirectors

ATLANTAINFRASTUCTURE&FINANCELIMITEDI, Mr. Shailesh Ved, Managing Director and Chief Financial Officer of ATLANTAINFRASTUCTURE&FINANCELIMITED, to thebestofourknowledgeandbelief,herebycertifythat:(a) Ihave reviewed financial statementsand the cash flow statement for theyearended

March31,2016andthattothebestofourknowledgeandbelief:

1. These statements do not contain any materially untrue statement or omit anymaterialfactorcontainstatementsthatmightbemisleading;

2. ThesestatementstogetherpresentatrueandfairviewoftheCompany’saffairsand

are in compliance with existing Accounting Standards, applicable laws andregulations.

(b)Tothebestofourknowledgeandbelief,notransactionentered intobytheCompanyduringtheyearswhicharefraudulent,illegalorvolatileoftheCompany’sCodeofConduct.(c) I accept responsibility forestablishingandmaintaining internal controls for financialreportingand thatwehaveevaluatedtheeffectivenessof internalcontrolsystemsof theCompanypertainingtofinancialreportingandhavedisclosedtotheAuditorsandtheAuditCommittee,deficienciesinthedesignoroperationofsuchinternalcontrols,ifany,ofwhichweareawareandthestepswehavetakenorproposetotaketorectifythesedeficiencies.(d) IhaveindicatedtotheAuditorsandtheAuditCommittee:

1. That there is no significant changes in internal control over financial reportingduringtheyear;

2. Thatthereisnosignificantchangesinaccountingpoliciesduringtheyearandthat

thesamehavebeendisclosedinthenotestothefinancialstatements;and

3. Thatthereisnoinstancesofsignificantfraudofwhichwehavebecomeawareandthe involvement therein, if any, of the management or an employee having asignificantroleintheCompany’sinternalcontrolsystemoverfinancialreporting.

Sd/­

PLACE:RAJKOT _________________________DATE:12/08/2016MR.SHAILESHVED

MANAGINGDIRECTOR&CFO(DIN­00797245)

DECLARATIONBYTHEMANAGINGDIRECTOROFTHECOMPANYABOUT

CORPORATEGOVERNANCE

I,Mr.ShaileshVed,ManagingDirectorofATLANTAINFRASTUCTURE&FINANCELIMITEDherebyconfirmpursuanttoRegulation26(3)andPARTDofScheduleVofSEBI(ListingObligationsandDisclosureRequirements)Regulations2015that:

1. TheBoardofDirectorsofATLANTAINFRASTUCTURE&FINANCELIMITEDhaslaiddownacodeofconductthesameisadoptedbyallthedirectors.

2.All the members of the board as well as senior management personal havecompliedwiththesaidcodeofconductfortheyearended31stMarch2016.

PLACE:RAJKOT BYORDEROFTHEBOARDOFDIRECTORS,DATE:12/08/2016FOR,ATLANTAINFRASTUCTURE&FINANCELIMITED Sd/­ _________________________MR.SHAILESHVED MANAGINGDIRECTOR(DIN­00797245)

CERTIFICATEONCORPORATEGOVERNANCETo,TheMembersofATLANTAINFRASTUCTURE&FINANCELIMITED

We have examined the compliance of the conditions of Corporate Governance byATLANTAINFRASTUCTURE&FINANCELIMITED(‘theCompany’)fortheyearendedMarch31,2016asstipulatedin:� Clause49(excludingclause49(VII)(E)oftheListingAgreementsoftheCompany

withstockexchanges)fortheperiodApril1,2015toNovember30,2015.� Clause49(VII)(E)oftheListingAgreementsoftheCompanywithstockexchanges

fortheperiodApril1,2015toSeptember1,2015.� Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (SEBI Listing Regulations) for the period September2, 2015 toMarch31,2016and

� Regulations 17 to 27 (excluding regulation 23 (4)) and clauses (b) to (i) ofregulation 46 (2) and paragraphs C, D and E of Schedule V of the SEBI ListingRegulationsfortheperiodDecember1,2015toMarch31,2016.

The compliance of conditions of Corporate Governance is the responsibility of themanagement. Our examination was limited to a review of the procedures andimplementation thereof, adopted by the Company for ensuring the compliance of theconditions of Corporate Governance. It is neither an audit nor an expression of theopiniononthefinancialstatementsoftheCompany.In our opinion and to the best of our information and explanations given to us, wecertifythattheCompanyhascompliedwiththeconditionsofCorporateGovernanceasstipulatedintheabovementionedListingAgreementandSEBIRegulations.WefurtherstatethatsuchcomplianceisneitheranassuranceastothefutureviabilityoftheCompanynoroftheefficiencyoreffectivenesswithwhichthemanagementhasconductedtheaffairsoftheCompany.

PLACE:AHMEDABADFOR,M/S.PRAFULN.SHAH&CO,DATE:12/08/2016 CHARTEREDACCOUNTANTS Sd/­

______________________________ CAPRAFULB.SHAH PROPRIETOR M.N­118298

ATLANTAINFRASTRUCTURE&FINANCELIMITED

ATLANTAINFRASTRUCTURE&FINANCELIMITED822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001

ATTENDANCESLIP

NameoftheattendingMember(InBlockLetters):______________________________________FolioNo/DPID/ClientID :_________________________________NameoftheProxy :_________________________________(TobefillediniftheProxyattendsinsteadoftheMember)No.ofSharesheld:_________________________(Inwords)________________________________________I hereby record my presence at Annual General Meeting of the Company at 822, STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001on30thdayofSeptember,2016andatanyadjournmentthereof.

_______________________________________SignatureofShareholder/Proxy

­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­

FormNo.MGT­11Proxyform

[Pursuanttosection105(6)oftheCompaniesAct,2013andrule19(3)oftheCompanies(ManagementandAdministration)Rules,2014]

CIN:L45400GJ1992PLC017520Nameofthecompany:ATLANTAINFRASTRUCTUREANDFINANCELIMITEDRegisteredoffice:822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001

Nameofthemember(s):Registeredaddress:E­mailId:FolioNo/ClientId:DPID:I/We,beingthemember(s)of………….sharesoftheabovenamedcompany,herebyappoint1.Name:………………………...…

Address:E­mailId:Signature:…………………….

2.Name:………………………..…Address:E­mailId:Signature:…………………….

ATLANTAINFRASTRUCTURE&FINANCELIMITED Asmy/ourproxytoattendandvote(onapoll)forme/usandonmy/ourbehalfatAnnualGeneralMeetingofthecompany, tobeheldon30thdayofSeptember,2016At10.00A.M.822, STAR CHAMBERS, HARIHAR CHOWK, RAJKOT – 360001 and at any adjournmentthereofinrespectofsuchresolutionsasareindicatedbelow:SR.NO. RESOLUTION FOR AGAINST

OrdinaryBusiness1.

AdoptionofBalanceSheet,StatementofProfitandLoss, Report of the Board of Directors andAuditors for the financial year ended March 31,2016.

2.

AppointmentofadirectorinplaceofMrs.BhavnaAshar (Din: 02258407), who retires by rotationandbeingeligible,seeksre­appointment.

3.

Appointment of M/S. PRAFUL N SHAH &COMPANY., Chartered Accountants (FirmRegistrationNo.108057W),asStatutoryauditorsoftheCompany.

Signedthis…..dayof……….,2016.__________________________________SignatureofShareholder __________________________________SignatureofProxyholder(s)Note: This form of proxy in order to be effective should be duly completed and

deposited at the Registered Office of the Company, not less than 48 hoursbeforethecommencementoftheMeeting.

AffixRevenueStamp

ATLANTAINFRASTRUCTURE&FINANCELIMITED

FormNo.MGT­12PollingPaper

[Pursuanttosection109(5)oftheCompaniesAct,2013andrule21(1)(c)oftheCompanies(ManagementandAdministration)Rules,2014]

NameoftheCompany:ATLANTAINFRASTRUCTUREANDFINANCELIMITED

Registeredoffice:822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001BALLOTPAPER

Sr.No. Particulars Details1. NameoftheFirstNamedShareholder

(Inblockletters)

2. Postaladdress

3. RegisteredfolioNo./*ClientIDNo.(*Applicabletoinvestorsholdingsharesindematerializedform)

4. ClassofShare EquitySharesIherebyexercisemyvoteinrespectofOrdinary/SpecialResolutionsenumeratedbelowbyrecordingmyassentordissenttothesaidresolutioninthefollowingmanner:Sr.No.

ParticularsofItem No.ofsharesheld

byme

Iassenttothe

resolution

Idissentfromthe

resolution

1.Adoption of Balance Sheet, Statement ofProfit and Loss, Report of the Board ofDirectors and Auditors for the financialyearendedMarch31,2016.

2.

AppointmentofadirectorinplaceofMrs.Bhavna Ashar Mehta (Din: 02258407),whoretiresbyrotationandbeingeligible,seeksre­appointment.

3.

AppointmentofM/S.PRAFULNSHAH&COMPANY., Chartered Accountants (FirmRegistrationNo.108057W),asStatutoryauditorsoftheCompany.

PLACE:RAJKOT DATE:

_________________________________Signatureoftheshareholder

ATLANTAINFRASTRUCTURE&FINANCELIMITED ATLANTAINFRASTRUCTUREANDFINANCELIMITED822,STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001(T)0281­2468068Email:kadvanisecurities@ymail.comCIN:L45400GJ1992PLC017520 Name of the Sole / First Named Member : _______________________________ Address of Sole / First Named Member : _______________________________

_______________________________

Registered Folio Number : _______________________________

DPID /Client ID : _______________________________

Number of shares held : _______________________________

Dear Member,

SUBJECT:PROCESSANDMANNERFORAVAILINGREMOTEE­VOTINGFACILITY

Pursuanttoprovisionsofsection108oftheCompaniesAct,2013readwiththeCompanies(Management and Administration) Rules, 2014 as amended by the Companies(Management & Administration) Amendment Rules, 2016, and Regulation 44 of SEBIRegulations,2015,theCompanyispleasedtoofferremotee­votingfacilitytothemembersto cast their votes electronically as an alternative to participation at theAnnualGeneralMeetingof theCompany tobeheldon30th SEPTEMBER,2016at822, STARCHAMBERS,HARIHARCHOWK,RAJKOT–360001.TheCompanyhas engaged the services ofCentralDepositoryServices (I)Limited (“CDSL”) toprovide remotee­voting facilities.Remotee­votingmeansthefacilitytocastvotesbyaMemberusingelectronicvotingsystemfromaplaceotherthanthevenueoftheAGM.Theremotee­votingfacilityisavailableatthelinkhttps://www.evotingindia.com.

The electronicvotingparticularsaresetoutbelow:

EVEN(E­VotingEventNumber) UserID

Password/SequenceNo.

Theremotee­votingfacilitywillbeavailableduringthefollowingvotingperiod:

ATLANTAINFRASTRUCTURE&FINANCELIMITED COMMENCEMENTOFREMOTEE­VOTING ENDOFREMOTEE­VOTING

27thSeptember,2016(9:00A.M.) 29thSeptember,2016(5:00P.M.) Please read the instructions printed below before exercising the vote.These details and instructions form integral part of the Notice for the Annual GeneralMeetingtobeheldon30THSEPTEMBER,2016.

MEMBERSAREREQUESTEDTOFOLLOWTHEINSTRUCTIONSFORREMOTEE­VOTINGASMENTIONINTHEANNUALREPORT.

ATLANTAINFRASTRUCTURE&FINANCELIMITED

� ROUTEMAPFORAGMATLANTAINFRASTRUCTURE&FINANCELIMITED

822,STARCHAMBERS,HARIHARCHOWKRAJKOT–360001