REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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48 the Company are published in leading newspapers and also hosted on the website of the Company. iv. Audit Qualification: There are no audit qualifications. v. Training to Board Members: It is need based. vi. Mechanism for evaluating non-executive Board Members: No mechanism in place. vii. Whistle Blower Policy: The Company has not accepted any separate “Whistle Blower” policy. However, under the provisions of “Policy for Prevention of Frauds” adopted by the Company, a Whistle Blower mechanism is in place for detection, prevention and reporting of fraud. This policy applies to any fraud or suspected fraud involving employees as well as shareholders, consultants, vendors, lenders, borrowers, contractors, outside agencies doing business with the Company, employees of such agencies, and/or any other parties with a business relationship with the Company. All reports of fraud or suspected fraud are investigated with utmost speed by the nodal officer(s) nominated for the purpose. 9. Means of Communication The Company communicates with its shareholders through its Annual Report, General Meetings and disclosures through website. All important information pertaining to the Company is also mentioned in the Annual Report for each financial year containing inter alia Audited Accounts, Directors Report, Auditors Report, Report on Corporate Governance and Non Banking Financial Companies Auditors’ Report which is circulated to the members and others entitled thereto. The Company also communicates with its institutional shareholders through investor conferences. Quarterly/Half yearly/Annual Financial Results of the Company are communicated to the Stock Exchange and published in financial and national newspapers like The Economic Times, The Times of India, Hindustan Times, Hindustan Times (Hindi), Navbharat Times, Business Standard, Mint, Financial Express, Hindu etc. These results are also made available on Company’s Website at www.recindia.nic.in. 10. CEO/CFO certification As required by Clause 49 of the Listing Agreement, a Certificate duly signed by Shri P. Uma Shankar, Chairman and Managing Director and Shri H.D. Khunteta, Director (Finance) was placed before the Board of Directors in its Meeting held on 19th 11. May 2010 while consideration of the Audited Annual Accounts of the Company for the period ended 31.03.2010. General Shareholder Information (i) Annual General Meeting for 2009-10 Date Time Venue 8th September, 11.00 A.M. Air Force Auditorium, 2010 Subroto Park, Dhaula Kuan, New Delhi- 110010 41st ANNUAL REPORT 2009-10 (ii) Financial Calendar for Year 2010-11: Particulars Date Accounting Period April, 1, 2010 to March, 31, 2011 Unaudited Financial Announcement within 45 days Results for the first from the end of the each quarter three Quarters Fourth Quarter Results Announcement of Audited Annual Accounts within 60 days from the end of financial year AGM (next year) September 2011 (Tentative) (iii) Payment of Dividend A. Dividend for the financial year 2009-10 (1) Interim Dividend Details: In pursuance of Article 104 of the Articles of Association of the Company read with Section 205 of the Companies Act,1956 and Companies (Transfer of Profits to Reserves), the Company paid an Interim Dividend of Rs.3 per Equity Share (on the face value of Rs. 10/- each) in the month of January 2010 for the financial year 2009-10. (2) Final Dividend Details: The Board of Directors in its meeting held on 19.05.2010 has recommended a final dividend of Rs.3.50 per Share (on the face value of Rs.10/-each) for the year 2009-10 for approval of the shareholders in the ensuing Annual General Meeting to be held on 08.09.2010.The total dividend (including interim dividend) for the financial year 2009-10 will be Rs.6.50/- per share (on the face value of Rs.10/- each) B. Dividend History for the last five years Year Total Paid Total Rate of Date of –up Capital Amount Dividend Payment (Rs. in crore) of Dividend Paid (Rs. in crore) (%) (Interim & Final) 2004-05 780.60 234.50 30.04% 24th February, 2005 (Interim) & 29th September, 2005 (Final) 2005-06 780.60 191.26 24.50% 2nd March, 2006 (Interim) & 25th September, 2006 (Final) 2006-07 780.60 177 22.67% 5th October, 2007 (Final) 2007-08 858.66 257.60 30% 1 st October, 2008 (Final) 2008-09 858.66 386.40 45% 5th March, 2009 (Interim) & 25th September, 2009 (Final) (iv) Date of Book Closure The Register of Members and Share Transfer Books of the Company will remain closed from 26th August 2010 to 8th September 2010 (both days inclusive). (v) Record Date for Payment of Final Dividend The Record date for the Payment of Final Dividend for the Financial Year 2009-10 is 25 th August 2010.
RURAL ELECTRIFICATION CORPORATION LIMITED (vi) Listing on Stock Exchange <strong>REC</strong> shares are listed on the following Stock Exchanges: Sl. No Name of the Stock Exchange Scrip Code 1. National Stock Exchange of India Limited (NSE) <strong>REC</strong>LTD 2. Bombay Stock Exchange Limited (BSE) 532955 (vii) Stock Code: INE020B01018 (viii) Market Price Data BSE Month High (Rs.) Low (Rs.) Closing Price (Rs.) April, 09 114.70 94.10 103.15 May, 09 154.20 104.50 147.20 June, 09 173.25 142.10 163.10 July, 09 207.80 147.20 203.05 August, 09 224.75 178.05 222.40 September, 09 225.00 191.30 201.65 October, 09 215.50 188.30 200.05 November, 09 247.00 192.15 244.80 December, 09 266.00 225.70 243.50 January, 10 274.50 232.20 240.20 February, 10 251.00 205.15 244.00 March, 10 257.20 225.05 249.90 Month High (Rs.) NSE Low (Rs.) Closing Price (Rs.) April, 09 114.65 94.50 103.10 May, 09 154.20 104.20 146.50 June, 09 173.50 142.05 163.45 July, 09 207.80 147.05 202.70 August, 09 224.50 178.00 222.10 September, 09 224.65 190.60 201.40 October, 09 215.35 188.15 200.05 November, 09 247.35 198.00 244.95 December, 09 265.90 225.05 242.80 January, 10 274.80 232.20 239.65 February, 10 251.85 206.15 243.20 March, 10 257.10 230.00 250.65 (ix) Registrar and Transfer Agents Karvy Computershare Private Limited Plot 17 to 24, Vittalrao Nagar, Madhapur, Hyderabad- 500081, India, Tel: 91 40 23420815-824 Fax: 91 40 23420814, E-mail:einward.ris@karvy.com Website: www.karvy.com (x) Share Transfer System The shares under physical segment are transferred through Karvy Computershare Private Limited. Karvy receives the shares to be transferred along with the transfer deed from transferee, verifies it, prepares the Memorandum of transfer etc. Request for splitting/consolidation and transfer of physical shares upto 500 equity shares per individual in each case are approved directly by M/s Karvy Computershare Private Limited. Pursuant to Clause 49 of the Listing Agreement, a Share Transfer Committee has also been constituted to consider and approve requests received from shareholders for splitting/consolidation transfer of physical shares, exceeding 500 equity shares per individual in each case. Further pursuant to Clause 47(c) of the Listing Agreement with the Stock Exchanges, Certificate on half yearly basis confirming due compliance of share transfer formalities by the Company from Practicing Company Secretary have been submitted to Stock Exchanges within stipulated time. 49
Page 2 and 3: CORPORATE OFFICE ZONAL OFFICES REGI
Page 4 and 5: 2 CONSISTENT GROWTH OVER 10 YEARS P
Page 6 and 7: 4 MISSION Mission & Objectives 41st
Page 8 and 9: 6 PERFORMANCE HIGHLIGHTS 41st ANNUA
Page 10 and 11: 8 ACKNOWLEDGEMENTS 41st ANNUAL REPO
Page 12 and 13: 10 41st ANNUAL REPORT 2009-10 82(3)
Page 14 and 15: 12 41st ANNUAL REPORT 2009-10 11. A
Page 16 and 17: 14 41st ANNUAL REPORT 2009-10 As me
Page 18 and 19: 16 Shri Venugopal N. Dhoot Dr. Devi
Page 20 and 21: 18 SHRI DEVENDER SINGH Government N
Page 22 and 23: 20 To The Shareholders, The Directo
Page 24 and 25: 22 crore and Fixed Assets of Rs.89.
Page 26 and 27: 24 (DSM), Municipal DSM, Bachat Lam
Page 28 and 29: 26 Sl. Programme No. of No. of No.
Page 30 and 31: 28 21.3 Four quarterly review meeti
Page 32 and 33: 30 Electricity Department of Manipu
Page 34 and 35: 32 41st ANNUAL REPORT 2009-10 TABLE
Page 42 and 43: 40 The performance orientation buil
Page 44 and 45: 42 As a listed company and a good c
Page 46 and 47: 44 (ii) The terms of reference of t
Page 48 and 49: 46 3.1.8 FPO Committee During the y
Page 52 and 53: 50 (xi) Distribution of Shareholdin
Page 54 and 55: 52 SOURCES OF FUNDS Shareholders’
Page 56 and 57: 54 Authorised SCHEDULE ‘1’ CAPI
Page 58 and 59: 56 88th Series - 8.65% Redeemable a
Page 60 and 61: 58 SCHEDULE- ‘5’ FIXED ASSETS A
Page 62 and 63: 60 SCHEDULE ‘8’ DEFERRED TAX LI
Page 64 and 65: 62 SCHEDULE ‘11’ OPERATING INCO
Page 66 and 67: 64 SCHEDULE ‘15’ ADMINISTRATION
Page 68 and 69: 66 15. Auditors’ Remuneration inc
Page 70 and 71: 68 25. Subsequent to settlement of
Page 72 and 73: 70 Changes in the Fair value of Pla
Page 74 and 75: 72 Rs. In Lacs. Particulars As at N
Page 76 and 77: 74 For the purpose of application o
Page 78 and 79: 76 In terms of our Report of even d
Page 80 and 81: 78 To The Members of Rural Electrif
Page 82 and 83: 80 by our audit and in the immediat
Page 84 and 85: 82 COMMENTS OF THE COMPTROLLER & AU
Page 86 and 87: 84 CONSOLIDATED SOURCES OF FUNDS Sh
Page 88 and 89: 86 CONSOLIDATED Authorised SCHEDULE
Page 90 and 91: 88 CONSOLIDATED 88th Series - 8.65%
Page 92 and 93: 90 CONSOLIDATED SCHEDULE- ‘5’ C
Page 94 and 95: 92 CONSOLIDATED SCHEDULE ‘8’ DE
Page 96 and 97: 94 CONSOLIDATED SCHEDULE ‘11’ O
Page 98 and 99: 96 CONSOLIDATED SCHEDULE ‘17’ C
Page 100 and 101:
98 CONSOLIDATED 21. Disclosure in r
Page 102 and 103:
100 CONSOLIDATED Amounts recognized
Page 104 and 105:
102 CONSOLIDATED 35. The Corporatio
Page 106 and 107:
104 CONSOLIDATED CONSOLIDATED SIGNI
Page 108 and 109:
106 AUDITORS’ REPORT TO THE BOARD
Page 110 and 111:
108 ADDRESSES OF REC OFFICES Sl. RE
Page 112 and 113:
110 Sl. REC Offices Addresses Telep
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REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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