Rules, Conditions and Procedures for Approval Concerning Registration of Client’s Assets (No. 2)

Custody of Assets of Clients by Licensed Derivatives Brokers (No. 3)

Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets

Registration of Pool of Assets as Mutual Fund and Amendment to Registered Particular (No. 2)

Segregation and Management of Client’s Assets In Case of Intermediary Being under Receivership by Court Order

Rules for Custody of Customer Assets and Essential Details of Custody Agreement

) encumbering the assets. Clause 2 In this Notification, the terms “management company” “infrastructure mutual fund” “infrastructure asset” “greenfield project” and “brownfield project” shall have the same

June 2017 (the date on which the transaction has been completed), therefore, the movement of financial position was primarily attributed to aforementioned acquisition. ASSETS ASSETS BREAKDOWN 31 DECEMBER

: “Sales wise we had a very good third quarter buoyed by a strong market and good operational performance where we were able to run all available assets at full capacity including in our recently acquired

31 Mar 17 Return on Equity (%) 16.5% 18.9% Return on Assets (%) 12.7% 14.4% Collection period (days) 78 79 Inventory Days 46 44 Account Payable Days 91 101 Cash Cycle (days) 33 22 Leverage & Financial