Directors Report of Citi Port Financial Services Ltd.

Mar 31, 2024

Your Directors have pleasure in presenting the 32^nd Annual Report together with the Audited Accounts of
the Company for the year ended 31^st March 2024.

FINANCIAL SUMMARY (Amt. in Lakhs)

PARTICULARS	YEARENDED 31.03.2024	YEAR ENDED 31.03.2023
Revenue	38.60	27.43
Other Income	0.01	0
Total Income	38.61	27.43
Total Expenditure	35.03	24.43
Profit Before Tax	3.57	3.00
Exceptional Items	0	0
Tax Expenditure	0.90	0.76
Net Profit / (Loss)	2.67	2.24

COMPANY PERFORMANCE:

During the financial year under review, your Company has achieved Total income of Rs. 38.60 Lakhs as
against the previous year Income of Rs. 27.43 Lakhs and recorded Net Profit of Rs. Lakhs 2.67 for
financial year 2023-24 when compared to a Net Profit of Rs. 2.24 Lakhs/- during the previous year.

SHARE CAPITAL :

The Paid Up equity share capital of the Company as on 31st March, 2024, is Rs. 3,10,00,000/- During the
year under review, the Company has not issued shares with Differential Voting Rights, Sweat Equity
Shares or Employee Stock Options, not bought back any of its securities, not issued any Preference
shares/Debentures.

TRANSFER OF AMOUNT TO GENERAL RESERVE :

The Board of Directors do not propose to transfer any amount to the General Reserve for the Financial
Year ended March 31, 2024

DIVIDEND:

Your Directors do not recommend any Dividend for the financial year 2023-2024 as the Company has
incurred loss from the business operations.

LISTING OF EQUITY SHARES

The equity shares of the Company are listed on the trading platform of BSE Limited, a recognized stock
exchange having a nationwide trading terminal

SUBSIDIARIES:

The Company does not have any Subsidiaries, Associates and Joint Ventures as on 31st March, 2024.

VARIATIONS IN NETWORTH:

The Standalone Net worth of the Company for the Financial Year ended March 31, 2024, is Rs. 310.71
Lakhs as compared to Rs. 308.03 Lakhs for the previous financial year ended March 31, 2023.

DEPOSITS :

The Company has neither accepted nor renewed any deposits falling within the provisions of Section 73
and 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 from
the its member and public during the Financial Year.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS :

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies
Act, 2013 are given in the notes to the Financial Statements.

BOARD MEETINGS :

During the year under review, 5 board meetings were held on as follows.

26.05.2023

12.08.2023

29.08.2023

10.11.2023

14.02.2024

The maximum time-gap between any two consecutive meetings was within the period prescribed under
the Companies Act, 2013.

All the Directors attended all the meetings.

BOARD EVALUATION :

The Board of Directors evaluated the annual performance of the Board as a whole, its committee''s and the
directors individually in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR)
Regulations, 2015 in the following manner:

i. Structured evaluation forms, as recommended by the Nomination and Remuneration Committee,

after taking into consideration inputs received from the Directors, covering various aspects of the
Board''s functioning such as adequacy of the composition of the Board and its Committees, Board
culture, execution and performance of specific duties, obligations and governance, for evaluation
of the performance of the Board, its Committee''s and each director were circulated to all the mem¬
bers of the Board along with the agenda papers.

ii. The members of the Board were requested to evaluate by filling the evaluation forms and the duly
filled in evaluation forms were required to be sent to the Company Secretary in a sealed envelope or
personally submitted to the Chairman at the concerned meeting.

iii. Based on the individual evaluation of the Directors, the Board initiated a detailed discussion at the
concerned meeting on the performance of the Board / Committee/Individual Director, and formu¬
lated a final collective evaluation of the Board The Board also provided an individual feedback to
the concerned director on areas of improvement, if any.

A separate meeting of Independent Directors was held on 14^th February 2024 to evaluate the
performance evaluation of the Chairman, the Non-Independent Directors, the Board and flow of
information from management.

MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis, as required under the Listing Regulations, forms an integral
part of this Report

DIRECTOR''S:

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the
Company, Mr. Ratan Kishan Musurnur (DIN: 00997070) retires by rotation at the ensuing Annual General
Meeting and being eligible, offers himself for re-appointment

KEY MANAGERIAL PERSONNEL:

During the Financial Year, There are no changes in the List of Key Managerial Personnel except the
Appointment of Company Secretary i.e. Priya Jain at the Beginning of the year

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SEC¬
TION 149

The Independent Directors have submitted a declaration of independence, as required pursuant to sub¬
section (7) of Section 149 of the Companies Act, 2013 stating that they meet the criteria of independence
as provided in sub-section (6) of Section 149.

DIRECTOR''S RESPONSIBILITY STATEMENT:

Pursuant to Section 134 (5) of the Companies Act, 2013, your Directors confirm that to the best of their
knowledge and belief and according to the information and explanation obtained by them,

i. In the preparation of the annual accounts, the applicable accounting standards have been followed
along with proper explanation relating to material departures;

ii. Such accounting policies as mentioned in the notes to the financial statements have been selected
and applied consistently and judgments and estimates that are reasonable and prudent made so as to
give a true and fair view of the state of affairs of the Company at the end of the financial year 2023¬
24 and of the profit or loss of the Company for that period;

iii. Proper and sufficient care has been taken for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the
Company and for preventing and detecting fraud and other irregularities;

iv. The annual accounts for the year 2023-24 have been prepared on a going concern basis.

v. That proper internal financial control was in place and that the financial controls were adequate and
were operating effectively.

vi. That system to ensure compliance with the provisions of all applicable laws was in place and was
adequate and operating effectively.

REMUNERATION POLICY

The Board of Directors, on recommendation of the Nomination and Remuneration Committee framed a
Nomination and Remuneration policy for selection, appointment and remuneration of Directors, KMP and
Senior Management and matters covered u/s 178(3) of the Companies Act 2013.

STATUTORY AUDITORS

The Shareholders in their meeting held on 27th day of September, 2023 (31st AGM) approved the appoint¬
ment of M/s. NSVR & Associates LLP, Chartered Accountants, Hyderabad, as the Statutory Auditors of
Company to hold office till the conclusion of 36th Annual General Meeting.

INTERNAL AUDITOR:

The Board of Directors based on the recommendation of the Audit Committee has appointed Sravanthi
Karuturi (M No.239567), Chartered Accountants, Hyderabad, as the Internal Auditors of your Company.
The Internal Auditors are submitting their reports on quarterly basis.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION
OF THE COMPANY:

There have been no material changes and commitments affecting the financial position of the Company
which have occurred between the end of the financial year of the Company to which the financial statements
relate and the date of the report.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

The Company has not provided any loan to any person or body corporate or given any guarantee or
provided security in connection with such loan or made any investment in the securities of anybody
corporate pursuant to Section 186 of the Companies Act, 2013. The Company has given advance against
salary to some employees in terms of the applicable policies of the Company.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

There are no materially significant related party transactions made by the Company with Promoters,
Directors, Key Managerial Personnel or other designated persons which may have a potential conflict
with the interest of the Company at large.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARN¬
INGS AND OUTGO:

The Company is under the business of investment and financing so the particulars of the Conservation of
Energy and Technology Absorption is NOT APPLICABLE.

Foreign Exchange Earnings and on word: NIL

Conservation of Energy: The present operation of the Company does not involve High-energy consump¬
tion. However steps being taken to minimize energy consumption where-ever possible.

Research & Development: The Research and Development division of Spices oils And Oleoresins de¬
partment continues to focus on introducing of new brands.

Technology Absorption - Not Applicable

Foreign Exchange Earnings & Outgo:

(Figures in Rs.)

	2023-24	2022-23
Foreign Exchange Earnings	Nil	Nil
Foreign Exchange Outgo	Nil	Nil

MANAGEMENT DISCUSSION & ANALYSIS :

Pursuant to the provision of Regulation 34 (2) (e) of SEBI (LODR) Regulations, 2015 a report on
Management Discussion & Analysis is set out as an Annexure A.

CORPORATE GOVERNANCE:

Since the paid up capital of the Company is less than Rs.10 Crores and the net worth of the Company is less
than Rs. 25 Crores, the provisions of Regulations 17, 18,19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b)
to (i) of sub-regulation 2 of Regulation 46 and para C, D & E of Schedule V of the Securities Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to the
Company.

CORPORATE SOCIAL RESPONSIBILITY

Pursuant to the provisions of section 135 (1) and read with all other applicable provisions of the Companies
Act, 2013 and the Companies (Corporate social responsibility policy) Rules, 2014 (including any statutory
modification(s) or re-enactment thereof for the time being in force), Corporate Social Responsibility is
Not applicable to the Company.

SECRETARIAL AUDIT:

Pursuant to the provisions of Section 2 04 of the Companies Act, 2013 and The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed P.S Rao and Associates,
Practicing Company Secretaries to undertake the Secretarial Audit of the Company. The Secretarial Audit
Report is annexed herewith as "Annexure B" to this report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:

There are no significant material orders passed by the Regulators / Courts which would impact the going
concern status of the Company and its future operations.

RELATED PARTY TRANSACTIONS:

All related party transactions that were entered into during the financial year were on an arm''s length basis
and were in the ordinary course of business. There are no materially significant related party transactions
made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons
which may have a potential conflict with the interest of the Company at large.

The Policy on Related Party Transactions as approved by the Board is uploaded on the website of the
Company. The particulars of contracts or arrangements with related parties referred to in sub-section (1)
of Section 188 of the Companies Act, 2013 in Form AOC-2 is herewith annexed as ''Annexure C'' to this
report

ANNUAL RETURN:

Pursuant to the provisions of Section 92(3) and Section 134(3) of the Act read with Rule 12 of the
Companies (Management and Administration) Rules, 2014 as amended from time to time, the Annual
Return of the Company as on 31st March, 2024 is available on the Company''s website and can be accessed
at : www.citiportfinancialservices.com.

RISK MANAGEMENT:

Pursuant to the provisions of section 134 (3) (n) and read with all other applicable provisions of the
Companies Act, 2013 and the Companies (Accounts) Rules, 2014 (including any statutory modification(s)
or re-enactment thereof for the time being in force) and as per SEBI(LODR) Regulations,2015 the Risk
management is Not applicable to the Company.

VIGIL MECHANISM:

Pursuant to the provisions of section 177 (9) and read with all other applicable provisions of the Companies
Act, 2013 and the Companies (Meetings of Board and its Powers) Rules, 2014 (including any statutory
modification(s) or re-enactment thereof for the time being in force) and SEBI (LODR) Regulations, 2015
the Company has a Whistle Blower Policy framed to deal with instance of fraud and mismanagement, if
any in the Group and also posted on the website of the Company.

NOMINATION & REMUNERATION POLICY:

A committee of the Board named as "Nomination and Remuneration Committee" has been constituted to
comply with the provisions of section 178 of Companies Act, 2013 and to recommend a policy of the
Company on directors appointment and remuneration, including criteria for determining qualifications,
positive attributes, independence of a director and other matters and to frame proper systems for
identification, appointment of Directors & KMPs, Payment of Remuneration to them and Evaluation of
their performance and to recommend the same to the Board from time to time. The policy is also posted
in the of the company''s website.

PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 (12) read with Rule 5 (1) ofthe Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the Company is

herewith annexed as Annexure-D. In terms of Rule 5(2) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Company does not have any employee who is employed
throughout the financial year and in receipt of remuneration of 102 Lakhs or more, or employees who are
employed for part of the year and in receipt of 8.5 Lakhs or more per month.

HUMAN RESOURCES:

The Company considers its Human Resources as the key to achieve its Objectives. Keeping this in view,
your Company takes utmost care to attract and retain quality employees. The employees are sufficiently
empowered and such work environment propels them to achieve higher levels of performance. The
unflinching commitment of the employees is the driving force behind the Company''s vision. Your Company
appreciates the spirit of its dedicated employees.

POLICY ON PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT
AT WORK PLACE:

The Company strongly supports the rights of all its employees to work in an environment free from all
forms of harassment The Company has adopted a Policy on Prevention, Prohibition and Redressal of
Sexual Harassment at workplace as per the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 and the Rules made thereunder. The policy aims to
provide protection to Employees at the workplace and prevent and redress complaints of sexual harassment
and for matters connected or incidental thereto, with the objective of providing a safe working environment,
where Employees feel secure. The Company has also constituted an Internal Committee, known as Anti
Sexual Harassment Committee to address the concerns and complaints of sexual harassment and to
recommend appropriate action.

The Company has not received any complaint on sexual harassment during the year

COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND ANNUAL GENERAL
MEETINGS

During the year under review, the Company has complied with Secretarial Standards issued by the Institute
of Company Secretaries of India on Board Meetings and Annual General Meetings.

DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONG
WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

N o application was made or any proceedings pending under the IBC, 2016 during the year ended on 31st
March, 2024.

DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM
THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

Not Applicable

ACKNOWLEDGEMENTS:

Your Directors place on record their appreciation and gratitude for the continuous support and assistance
extended by all the Statutory Authorities. The Board also extends its heartfelt gratitude to the Creditors and
Shareholders for the confidence reposed by them in the Company. Your Directors also place on record their
sincere appreciation for the continued contributions made by the employees at all levels.

By order of the Board of Directors
For CITI PORT FINANCIAL SERVICES LIMITED

Sd/- Sd/-

Enjamuri Pardha Saradhi Himabindu Ramavath

^{Place: Hyderabad} Chairman and Managing Director Director

Date : 05.09.2024 _{DIN:-07531047} DIN:- 10045536

---

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the 22nd Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2014.

FINANCIAL HIGHLIGHTS (Rs. in lacs)

For the For the Particulars Year ended Year ended 31.03.2014 31.03.2013

Net Sales/income from operation 17.27 16.92

TOTAL INCOME 17.27 16.92

TOTAL EXPENDITURE 15.40 26.44

Profit/ (Loss) before depreciation & Financial Charges 1.87 (9.53)

Depreciation 0.04 0.04

Financial Charges 0.49 0.48

Profit Before Tax 1.33 (10.04)

Prior period items - -

Provision for tax 0.59 1.36

Deferred Tax 0.01 0.01

NET PROFIT / (LOSS) 0.74 (11.41)

Surplus Brought forward from previous years - -

Transfer to Special Reserve @ 20% - -

Amount available for appropriation - -

OPERATIONS:

During the financial year under review, your Company has achieved total income of Rs. 17.27 lakhs as against the previous year income of Rs. 16.92 lakhs and recorded net profit of Rs. 0.74 lakhs for financial year 2013-14 when compared to a net loss of Rs.11.41 lakhs during the previous year.

The Company is hopeful that this fiscal the economy will witness upward trend and good business and will experience a significant growth and profitability this year. However things are restoring to normalcy and the industry is recovering from the depression and your company would do better in the years to come.

DIVIDEND:

Your Directors do not recommend any Dividend for the financial year 2013-2014 as the company has nominal profit from the business operations.

FIXED DEPOSITS

The Company has neither accepted nor renewed any deposits falling within the provisions of Section 73 and 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 from its member and public during the Financial Year.

DIRECTORS

Smt Madhavi Musnuru, Directors of your Company retires by rotation at the ensuing Annual General Meeting and being eligible, offers herself for reappointment.

Pursuant to the provision of Section 149 and applicable provision of the Companies Act, 2013 read with rules thereon all independent directors of the company are seeking fresh appointment for 5 consecutive years commencing from ensuing Annual General Meeting.

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

(i) that in the preparation of Annual Accounts for the Financial Year ended 31st March, 2014, the applicable accounting standards have been followed along with the proper explanation relating to material departures, if any, there from;

(ii) that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year ended 31st March, 2014 and of the profit and loss of the Company for that period;

(iii) that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) that the Directors have prepared the annual accounts on a going concern basis.

PARTICULARS OF EMPLOYEES:

Pursuant to Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 2011, as amended, no employee of your Company is in receipt of remuneration exceeding Rs.5,00,000/- per month or Rs.60,00,000/- per annum during the financial year.

AUDITORS:

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, the Statutory Auditor M/s. G.V.& Co, Chartered Accountant, Hyderabad, as the Statutory Auditors of the Company to hold office from conclusion of this Annual General Meeting for a period of 5 years in accordance with the Act, subject to the ratification of shareholders at every Annual General Meeting.. The Company is in receipt of confirmation from the Statutory Auditor that in the event of his re-appointment as Statutory Auditor at the ensuing Annual General Meeting, such appointment will be in accordance with the limits specified in Section 141 of the Companies Act, 2013.

The Notes on Financial Statements referred to in the Auditors'' Report are self-explanatory and do not call for any further comments. There are no qualifications in the report of the statutory auditors for the year 2013-14.

INTERNAL AUDITOR:

The Board of Directors based on the recommendation of the Audit Committee has re-appointed M/s. VNS Srinivas, Chartered Accountant, Hyderabad, as the Internal Auditor of your Company. The Internal Auditor are submitting their reports on quarterly basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company is under the business of investment and financing so the particulars of the Conservation of energy and Technology Absorption is NOT APPLICABLE

Foreign Exchange Earnings and Out go : NIL

MANAGEMENT DISCUSSION & ANALYSIS

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion & Analysis is set out as an ANNEXURE-- A

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act, 1956 for the financial year 2013-2014 from M/s P S Rao & Associates Practicing Company Secretaries and the same is given in ANNEXURE--B

CORPORATE GOVERNANCE:

The Company has been making every endeavor to bring more transparency in the conduct of business. As per the requirements of Listing Agreement with the Stock Exchanges, a compliance report on corporate Governance for the year 2013-2014 and a certificate from the Auditors of the Company are furnished as a part of this Annual Report

LISTING FEE:

Your Company''s shares are presently listed on the BSE Limited, Delhi Stock Exchange Association Limited and Madras Stock Exchange Limited. The Company is regular in paying the listing fee to the Stock Exchanges.

ACKNOWLEDGEMENTS:

Your Directors place on record their appreciation and gratitude for the continuous support and assistance extended by all the Statutory Authorities. The Board also extends its heartfelt gratitude to the Creditors and Shareholders for the confidence reposed by them in the Company. Your Directors also place on record their sincere appreciation for the continued contributions made by the employees at all levels.

By order of the Board For CITIPORT FINANCIAL SERVICES LIMITED

Sd/- Sd/- Madhavi Musnuru Parthasarathi Prattipati Director Director Place: Hyderabad Date: 14.08.2014

---

Mar 31, 2013

To The Members,

The Directors have pleasure in presenting the 21st Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2013.

FINANCIAL RESULTS:

(Rs In Lakhs)

For the For the Year ended Year ended 31.03.2013 31.03.2012

Net Sales/income from operation 16.92 16.88

TOTAL INCOME 16.92 16.88

TOTAL EXPENDITURE 26.45 12.01

Proft/ (Loss) before depreciation & Financial Charges (9.53) 4.87

Depreciation 0.04 0.04

Financial Charges 0.47 0.64

Proft Before Tax (10.04) 4.19

Prior period items

Provision for tax 1.36 1.47

Deferred Tax

NET PROFIT / (LOSS) (11.40) 2.72

Surplus Brought forward from previous years Transfer to Special Reserve @ 20%

Amount available for appropriation

OPERATIONS:

During the fnancial year under review, your Company has achieved total income of Rs. 16.92 lakhs as against the previous year income of Rs. 16.88 lakhs and recorded net loss of Rs. 11.40 lakhs for financial year 2012-13 when compared to a net proft of Rs. 2.72 lakhs during the previous year.

During the fnancial year under review due to the ongoing severe recession that the economy is witnessing in almost all the industries the company is able to achieve average revenues but has incurred loss on investment due to which the Company has recorded nominal loss in the current fnancial year

The Company is hopeful that this fiscal the economy will witness upward trend and good business and will experience a signifcant growth and profitability this year. However things are restoring to normalcy and the industry is recovering from the depression and your company would do better in the years to come.

DIVIDEND:

Your Directors do not recommend any Dividend for the fnancial year 2012-2013 as the company has incurred loss in the business operations.

FIXED DEPOSITS

The Company has neither accepted nor renewed any deposits falling within the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 from the public during the Financial Year.

DIRECTORS

Sri Ratan Kishan Musurnur and Sri Anil Kumar Talasila, Directors of your Company retires by rotation at the ensuing Annual General Meeting and being eligible, offers themselves for reappointment.

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

(i) that in the preparation of Annual Accounts for the Financial Year ended 31st March, 2013, the applicable accounting standards have been followed along with the proper explanation relating to material departures, if any, there from;

(ii) that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year ended 31st March, 2013 and of the proft and loss of the Company for that period;

(iii) that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) that the Directors have prepared the annual accounts on a going concern basis.

PARTICULARS OF EMPLOYEES:

Pursuant to Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 2011, as amended, no employee of your Company is in receipt of remuneration exceeding Rs.5,00,000/ - per month or Rs.60,00,000/- per annum during the fnancial year.

AUDITORS:

M/ s. G. V. & Co, Chartered Accountant, Statutory Auditor of the Company retire at the ensuing Annual General Meeting and the Company has received a notice in writing from Mr. Grandhi Vittal Chartered Accountant that in the event of appointment as Statutory Auditor at the ensuing Annual General Meeting, such appointment will be in accordance with the limits specifed in section 224(1B) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company is under the business of investment and nancing so the particulars of the Conservation of energy and Technology Absorption is NA

Foreign Exchange Earnings and Out go: NIL

MANAGEMENT DISCUSSION & ANALYSIS

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion & Analysis is set out as an ANNEXURE-- A

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act, 1956 for the fnancial year 2012- 2013 from M/s P S Rao & Associates Practicing Company Secretaries and the same is given in

ANNEXURE--B

CORPORATE GOVERNANCE:

The Company has been making every endeavor to bring more transparency in the conduct of business. As per the requirements of Listing Agreement with the Stock Exchanges, a compliance report on corporate Governance for the year 2012-2013 and a certifcate from the Auditors of the Company are furnished as a part of this Annual Report ANNEXURE-C

LISTING FEE:

Your Company''s shares are presently listed on the BSE Limited, Delhi Stock Exchange Association Limited and Madras Stock Exchange Limited. The Company is regular in paying the listing fee to the Stock Exchanges.

ACKNOWLEDGEMENTS:

Your Directors place on record their appreciation and gratitude for the continuous support and assistance extended by all the Statutory Authorities. The Board also extends its heartfelt gratitude to the Creditors and Shareholders for the confdence reposed by them in the Company. Your Directors also place on record their sincere appreciation for the continued contributions made by the employees at all levels.

By order of the Board For CITIPORT FINANCIAL SERVICES LIMITED

Sd/- Sd/-

Date : 14-08-2013 MADHAVI MUSNURU PARTHASARATHI PRATTIPATI

Place: Hyderabad Director Director

---

Mar 31, 2010

The Directors have pleasure in presenting the 18th Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2010.

FINANCIAL RESULTS:

(Rs In Lakhs)

For the For the Year ended Year ended 31.03.2010 31.03.2009

Net Sales/income from operation 16.32 12.01

TOTAL INCOME 16.32 12.01

TOTAL EXPENDITURE 18.58 5.94

Profit/ (Loss) before depredation

&Finanrial Charges -2.26 6.07

Depredation -0.21 0.56

Finandal Charges

Profit Before Tax -2.47 5.50

Prior period items

Provision for tax 1.55 1.84

Deferred Tax

NET PROFIT/(LOSS) -4,02 3.66

Surplus Brought forward from previous years 18.03 15.47

Transfer to Sperial Reserve @ 20% - 1.10

Amount available for appropriation 14.01 18.03

DIVIDEND:

During the financial year under review Your Company has recorded a net loss; hence your Directors do not recommend any dividend for the Financial Year 2009-10.

FIXED DEPOSITS

The Company has neither accepted nor renewed any deposits falling within the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 from the public during the Financial Year.

DIRECTORS

Sri Parthasarathi Prathipatti and Sri Anil Kumar Talasila, Directors of your Company retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for reappointment.

DIRECTORSRESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

(i) that in the preparation of Annual Accounts for the Financial Year ended 31st March, 2010, the applicable accounting standards have been followed along with the proper explanation relating to material departures, if any, there from;

(ii) that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year ended 31st March, 2010 and of the profit and loss of the Company for that period;

(iii) that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) that the Directors have prepared the annual accounts on a going concern basis.

PARTICULARS OF EMPLOYEES:

MANAGEMENT DISCUSSION & ANALYSIS

There are no employees drawing remuneration exceeding the limits as specified under the provisions of Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975.

AUDITORS:

M/s. Grandhi Vittal, Chartered Accountant, Statutory Auditor of the Company retire at the ensuing Annual General Meeting and the company has received a notice in writing from Mr. Grandhi Vittal Chartered Accountant that in the event of appointment as Statutory Auditor at the ensuing Annual General Meeting, such appointment will be in accordance with the limits specified in section 224(1B) of the Companies Act, 1956.

In the 17th Annual General Meeting of the Members held on 19th September, 2009, Company has received a notice under section 225 from a member for the appointment of M/s Grandhi Vittal, Chartered Accountant as Statutory Auditors of the Company in place of the retiring auditors and necessary resolution was passed by the members for the appointment.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company is under the business of investment and financing so the particulars of the Conservation of energy and Technology Absorption is NIL

Foreign Exchange Earnings and Out go: NIL

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion & Analysis is set out as an ANNEXURE- A

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act, 1956 for the financial year 2009-2010 from M/s P S Rao & Associates Practicing Company Secretary same is given in ANNEXURE--B

CORPORATE GOVERNANCE:

The Company has been making every endeavor to bring more transparency in the conduct of business. As per the requirements of Listing Agreement with the Stock Exchanges, a compliance report on corporate Governance for the year 2009-2010 and a certificate from the Auditors of the Company are furnished as a part of this Annual Report

LISTING FEE:

Your Companys shares are presently listed on the Bombay Stock Exchange Limited, The Delhi Stock Exchange Association Limited and Madras Stock Exchange Limited Company is regular in paying the listing fee to the Stock Exchanges.

REGISTRAR AND SHARE TRANSFER AGENT

During the Financial Year under review the Company has changed the Registrar and share transfer agent from M/s Skyline Financial Services Private Limited New Delhi to M/s Bigshare Services Private Limited, Hyderabad

SHIFTING OF REGISTERED OFFICE

As you are aware that the Company has passed necessary members resolution through Postal Ballot for shifting of Registered office from Chennai the State of Tamil Nadu to Hyderabad the state of Andhra Pradesh and the Company has received the Final order from the Company Law Board for Shifting of the registered office w.e.f 15.10.2009

ACKNOWLEDGEMENTS:

Your Directors place on record their appreciation and gratitude for the continuous support and assistance extended by all the Statutory Authorities. The Board also extends its heartfelt gratitude to the Creditors and Shareholders for the confidence reposed by them in the Company. Your Directors also place on record their sincere appreciation for the continued contributions made by the employees at all levels.

By order of the Board

For CITIPORT FINANCIAL SERVICES LIMITED

Sd/- Sd/-

Date : 11-08-2010 SURAJ THAMMINENNI PARTHASARATHI PRATTIPATI

Place: Hyderabad Director Director