Directors Report of Dhanvantri Jeevan Rekha Ltd.

Mar 31, 2024

Your directors have pleasure in presenting their Thirty First Report along with the Audited Financial Statements of the Company for the year ending
March 31, 2024

STANDALONE FINANCIAL RESULTS:

Highlights of Financial Results for the year are as under: (? in lakhs except EPS)

S. No.	Financial Heads	Year ended 31.03.2024	Year ended 31.03.2023
1.	Operating Income	2046.19	1768,48
2.	Other Income	29.35	23.80
3.	Profit (Loss) Before Tax	25.55	(14.44)
4.	Tax Expense (Net)	9.02	7.23
5.	Profit/(Loss) after Tax	16.52	(21.67)
6.	Balance after taxation carried over to the Balance Sheet	16.52	(21.67)

OPERATIONS:

During the period under review, the Operating Income of the company has increased to Rs. 2046.19 Lakhs from Rs. 1768.48 Lakhs during the Financial
Year 2023-2024 as compared to the previous year, resulting into increase in operating income by 15.70%. The Company has earned profit of Rs 16.35
Lakhs as against the loss of Rs. 21.67 Lakhs in the immediately preceding year. Your directors'' have the pleasure of informing you that the Company
continues to be a Debt free company during the year under review.

ANNUAL RETURN:

Pursuant to the provision of section 92(3) of the Companies Act,2013 and rule 12(1) of the Companies (Management and Administration) Rule,2014, the
Annual Return of the Company is available on the website of the company at the link: https:// www.dhanvantrihospital.in

STATEMENT OF DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received necessary declaration form all Independent Directors of the Company that they meet the criteria of independence as laid
down under Section 149(6) of the Act and Regulation 16(1) (b) of the Listing Regulations. In the opinion of the Board, the Independent Directors, fulfil the
conditions of independence specified in Section 149(6) of the Act and Regulation 16(1) (b) of the Listing Regulations.

CORPORATE GOVERNANCE:

Your Company has a Paid-Up Share Capital of Rs. 409.84 Lakhs and the net worth of Rs. 947.38 Lakhs during the financial year ending 31.03.2024.
Hence, Regulation 27(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is not applicable on the Company and your
Company is not required to report on the Corporate Governance. However, your company has made every effort to comply with the provisions of the
Corporate Governance and to see that the interest of the shareholders and the Company are properly served.

EMPLOYEE STOCK OPTION SCHEME (ESOS):

During the year under review, the Company has not bought back any of its securities/ not issued any sweat equity shares / not provided any Stock
Option Scheme to its employees / not issued any equity shares with differential rights.

MANAGEMENT DISCUSSION & ANALYSIS:

In terms of the provision of Regulation 34(2)(e) read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Management Discussion & Analysis Report, for the financial year under review, is presented in a separate section forming part of the Annual Report.
This report is also annexed herewith as "Annexure-B”.

DIVIDENDS RESERVES:

Keeping in view the insufficient profits and capital expenses to be incurred by the Company, the Board of Directors has decided not to recommend any
dividend for the financial year ended March 31,2024.

During the year under review your Company did not have any funds lying unpaid or unclaimed for a period of 7(seven) years. Therefore, there were no
funds, which were required to be transferred to Investor Education Protection Fund (IEPF). Pursuant to the provisions of the Investor Education and
Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 (''Revised Rules''), the Company was not required to file
any form with the Ministry of Corporate Affairs.

SHARE CAPITAL:

The paid-up equity share capital as on March 31, 2024 was Rs.409.84 Lakh. During the year under review, the Company has neither issued shares with
differential voting rights nor granted stock options and sweat equity.

SUBSIDIARY, ASSOCIATE AND JOINT VENTURES:

The Company does not have any Subsidiary, Associate or Joint Venture Company as at 31st March, 2024.

MATERIAL CHANGES AND COMMITMENTS:

There has been no material changes and commitments affecting the financial position of the Company, which occurred between the end of the financial

year to which the financial statements relate and the date of the report.

DIRECTORS’ RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following

statements in terms of Section 134(3)(c) of the Companies Act, 2013:

a) In the preparation of the annual accounts for the financial year ending 31st March, 2024, the applicable accounting standards had been
followed along with proper explanation relating to material departures;

b) Such accounting policies as mentioned in notes to the annual financial statements have been selected and applied them consistently and
made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at
March 31, 2024 and profit of the Company for that period;

c) 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;

d) Annual Financial Statements have been prepared on a going concern basis;

e) Proper internal financial controls were in place and that such internal financial controls were adequate and were operating effectively; and

f) Devised proper systems to ensure compliance with the provisions of all applicable laws and that such system was adequate and operating
effectively.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Composition of the Board during the year ended 31“ March 2024 is as under:

Director	Number of Board Meetings held during 2023-2024		Whether Attended Last AGM
	Held	Attended
Non-Executive Directors
Mrs. Shalini Sharma	12	12	YES
Mrs. Meenaakashi Elhence	12	12	YES
Mr. Premjit Singh Kashyap	12	12	YES
Mrs. Rowena Sharma	12	12	YES
Dr. Anil Elhence	12	12	YES
Mr. Tulsi Prasad Sharma	12	12	YES
Non-Executive and Independent Directors
Mr. Ashok Kumar Singh Chaudhary	12	12	YES
Mr. Ajay Rajpal	12	1	YES
Mr. Mohd Harris	12	12	YES
Mr. Amitabh Krishna Bhatia	12	12	YES

During the year under review, Dr. Varinder Singh Phull, Director of the Company was not re-elected as Director at the Annual General Meeting held on
25.09.2023.

None of the Directors of your Company are disqualified as per provisions of section 164(2) of the Companies Act, 2013. Your directors have made
necessary disclosures as required under various provisions of the Companies Act, 2013.During the year under review, the non-executive directors of the
Company had no pecuniary relationship or transactions with the Company, other than the sitting/committee fees for attending Board/Committees
Meetings of the Company.

Pursuant to provisions of section 203 of the Companies Act, 2013, the key managerial personnel of the Company are Shalini Sharma, Managing
Director, Mr. Bikram Singh, Chief Financial Officer and Mrs. Ritika Bhandari, Company Secretary and Compliance Officer of the Company.

NUMBER OF MEETING OF THE BOARD:

The meetings of the Board are scheduled at regular intervals to decide and discuss on the business performance, policies, strategies and other matters
of significance. The schedule of the meetings is circulated in advance to ensure proper planning and effective participation in meetings. During the
period under review, 12 (Twelve only) Board Meeting were held and the gap between the two Meetings did not exceed the period prescribed under the
Companies Act, 2013.Detailed information regarding the meetings of the Board and meetings of the Committees of the Board is included in the Report.

PERFORMANCE EVALUATION OF THE BOARD: Pursuant to the provisions of the Companies Act, 2013 and Regulations 17 and 19 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, evaluation of every Director’s performance was carried out by the Nomination and
Remuneration Committee. The performance evaluation of Non-Independent Directors, their committees thereof and Chairman of the Company was
carried out by the Independent Directors through a separate meeting of the Independent Directors held on 20.03.2024.

Further, Schedule IV of the Companies Act, 2013 and Regulation 17(10) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
state that the performance evaluation of independent directors shall be done by the entire Board of Directors, excluding the director being evaluated.

The performance of the Board was evaluated by the board after seeking inputs from all the directors on the basis of factors which includes Active

participation, financial literacy, Contribution by Director, Positive inputs, Effective deployment, Knowledge & expertise, Integrity and maintenance of
confidentiality and independence of behavior and judgement. In the Meeting of Independent Directors, performance of Non-Independent Directors,
Board and Performance of the Chairman were evaluated. The performance evaluation of Independent Director was carried out by the entire Board,

At the conclusion of the evaluation exercise, the members of the Board assessed that the board as a whole together with each of its committees was
working effectively in performance of its key functions.

NOMINATION & REMUNERATION POLICY:

In accordance with the provisions of Section 134 (3)(e) and 178 of the Companies Act, 2013, the Nomination and Remuneration Committee shall identify
persons, who are qualified to become directors and who may be appointed as Senior Management, recommend to the Board their appointment and
removal and shall carry out evaluation of every Director''s performance.

The Nomination and Remuneration Committee shall formulate the criteria for determining qualifications, positive attributes and independence of a
director and recommend to the Board a policy, relating to the remuneration for the directors, key managerial personnel and other employees. As per the
provisions, the meeting of the committee shall be held at such regular intervals as may be required but shall meet at least once a year. The Meetings of
the Nomination and Remuneration Committee has held on 10.05.2023, 20.03.2024 during the financial year 2023-2024.

The Policy on Nomination & Remuneration as approved by the Board may be accessed on the Company’s website www.dhanvantrihospital.in

INTERNAL FINANCIAL CONTROL:

The Company has put in place, an internal financial control system, within the meaning of the explanation to Section 134(5)(e) of the Companies Act,
2013 to ensure the orderly and efficient conduct of its business including adherence to Company''s policies, the safeguarding of its assets, the prevention
and detection of frauds and errors and proper recording of financial & operational information, compliance of various internal control and other
regulatory/statutory compliances. All internal Audit findings and control systems are periodically reviewed by the Audit Committee, which provides
strategic guidance on internal control.

During the year, such controls were tested and no reportable material weaknesses in the design or operation effectiveness were observed. Further, the
testing of such controls was also carried out independently by the Internal Auditors for the financial year 2023-2024. In the opinion of the Board, the
existing internal control framework is adequate and commensurate with the size and nature of the business of the Company. The details in respect of
internal financial control and their adequacy are included in the management discussion & analysis, which forms part of this report.

AUDITORS AND AUDITORS REPORT:

Statutory Auditors

M/s Anuj Goyal & Co. Chartered Accountants (Registration No 80216) are the Statutory Auditor of the Company, who were appointed at the 29^lh Annual
General Meeting of the Company held on 28^th September 2022 for a period of five consecutive years, to hold office till the conclusion of the 34^lh Annual
General Meeting, at such remuneration as may be mutually agreed between the Board of Directors of the Company and Statutory Auditors.

Statutory Auditor''s Report

There is no observation or qualification or adverse remark made in the Auditors'' Report read together with relevant notes thereon.

SECRETARIAL AUDITORS AND REPORT
Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, the Company had appointed M/s. Sumit Bist & Associates, (FRN.22707), Practicing Company Secretaries to undertake the
Secretarial Audit of the Company for the financial year 2024.The Report of the Secretarial Audit is annexed herewith as Annexure-A. The qualification,
reservations or adverse remarks, if any made by M/s. Sumit Bist & Associates, Practicing Company Secretaries, Secretarial Auditor of the Company
have been reported in their Secretarial Audit Report.

Secretarial Auditor’s Report

The observation in Secretarial Audit Report is self-explanatory and therefore do not call for any further explanation.

COST AUDITORS

The company is not required to appoint cost auditor as per Section 148 of the Companies Act, 2013.

COST RECORDS

The provisions of section 148(1) do not apply to the company; hence the Company is not required to maintain the cost records.

RISK MANAGEMENT:

The Company has designed a risk management policy and framework for risk identification, assessment, mitigation plan development and monitoring of
action to mitigate the risks. The key objective of the policy is to provide a formalized framework to enable judicious allocation of resources on the critical
areas which can adversely impact the Company''s ability to achieve its objectives.

The processes and practices of risk management of the Company encompass risk identification, classification and evaluation. The Company identifies
all strategic, operational and financial risks that the Company faces, by assessing and analyzing the latest trends in risk information available internally
and externally and using the same to plan for risk management activities. The objective of Company’s policy on risk is to ensure sustainable business
growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. The policy
establishes a structured and disciplined approach to risk management and guides the decision making on risk related issues.

Pursuant to Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is not required to constitute a
Risk Management Committee.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN
STATUS AND COMPANY’S OPERATIONS IN FUTURE:

No significant and material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and future operations of
the Company.

CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES:

The provisions of Section 135 of the Companies Act, 2013 and Rules framed thereunder for Corporate Social Responsibility are not applicable to the
Company.

CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the F.Y. 2024-2024, the Company has entered transactions with related parties as defined under Section 2(76) of the Companies Act, 2013 read
with Companies (Specification of Definitions Details) Rules, 2014, all of which were in the ordinary course of business and on arm''s length basis and in
accordance with the provisions of the Companies Act, 2013 read with the Rules framed thereunder and as per Listing Regulations. Further, there were
no transactions with related parties which qualify as material transactions in accordance with the requirements of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.The Board of Directors and the Audit Committee have approved all other related party transactions.

Hence requirement of furnishing particulars of contracts or arrangements entered into by the Company with related parties referred in Section 188(1) of
the Companies Act, 2013, in Form AOC-2 is annexure with the financials.

There are no materially significant related party transactions, with the 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 materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the
Company’s website www.dhanvantrihospital.in

DISCLOSURES:

Committees of the Board

During the year in accordance with the Companies Act, 2013 the Board re-constituted/re-named some of its committees and presently the Company has
the following Committees:

i. Audit Committee

Director	Category	No. of meetings held	No. of meetings attended
Mr. Ashok kumar Singh Chaudhary Independent Director	Chairman	4	4
Mr. Premjit Singh Kashyap Director	Member	4	4
Mr. Ajay Rajpal Independent Director	Member	4	1

The composition, functions and procedures of the Audit Committee are in conformity with the requirements of Section 177 of the Companies Act, 2013.
The Audit Committee met 4 times in the year under review -29.05.2023 28.08.2023 27.12.2023 20.03.2024. During the year under review, the Board
accepted all the recommendations made by the Audit Committee of the Board.

ii. Nomination and Remuneration Committee

Director	Category	No. of meetings held	No. of meetings attended
Mr. Ashok kumar Singh Chaudhary Independent Director	Chairman	2	2
Mr. Premjit Singh Kashyap Director	Member	2	2
Mrs. Meenaakashi Elhence Director	Member	2	2
Mr. Ajay Rajpal Independent Director	Member	2	1

The Nomination and Remuneration Committee met two times during the Financial Year 2023-2024 on 10.05.2023 and 20.03.2024.
ii. Stakeholders Relationship Committee

Director	Category	No. of meetings held	No. of meetings attended
Mrs. Shalini Sharma Director	Member	1	1
Mr. Premjit S. Kashyap Director	Chairman	1	1
Mrs. Meenaakashi Elhence Director	Member	1	1
Mr. Ashok kumar Singh Chaudhary Independent Director	Member	1	1

The Stakeholders Relationship Committee met one time during the Financial Year 2023-2024 on 20.03.2024

VIGIL MECHANISM:

The Company has established a “Vigil Mechanism” for its employees and directors, enabling them to report any concerns of unethical behavior,
suspected fraud or violation of the Company''s code of conduct. To this effect the Board has adopted a “Whistle Blower Policy” which is overseen by the
Audit Committee. The policy provides safeguards against victimization of the whistle blower. Employees and other stakeholders have direct access to
the Chairman of the Audit Committee for lodging concern if any, for review. The details of such policy are available on the website of the Company.

During the year, there were no complaints received under the mechanism.

FORMAL ANNUAL EVALUATION:

The new Board was not re-evaluated during the year. The Company has put in place a policy containing, inter alia, the criteria for performance
evaluation of the Board, its committees and individual Directors (including independent directors).

PUBLIC DEPOSITS:

During the year under review, the Company has not accepted or renewed any deposits from the public within the meaning of section 73 to 76 A of the
Companies Act, 2013 read with Companies (Acceptance of Deposits), Rules, 2014.

DISCLOSURE REQUIRED UNDER SECTION 134(3)(e) AND SECTION 178(3) OF THE COMPANIES ACT, 2013:

The Board has on the recommendation of the Nomination and Remuneration Committee, framed a policy for selection and appointment of Directors, Key
Managerial Personnel and Senior Management and their remuneration. The Policy broadly lays down the guiding principles, philosophy and the basis for
payment of remuneration to Executive and Non-Executive Directors, Key Managerial Personnel and Senior Management. The policy also provides the
criteria for determining qualifications, positive attributes and Independence of Director and criteria for appointment and removal of Directors, Key
Managerial Personnel/Senior Management and performance evaluation which are considered by the Nomination and Remuneration Committee / Board
of Directors.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNING AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings & outgo as stipulated under Section 134(3)(m) of the
Companies Act, 2013 read with Companies (Accounts) Rules, 2014 is as follows

a) Conservation of Energy

(•)	the steps taken or impact on conservation of energy	N.A.
(ii)	the steps taken by the company for utilizing alternate sources of energy	N.A,
(iii)	the capital investment on energy conservation equipment’s	N.A.

b) Technology Absorption

('')	the efforts made towards technology absorption	The Company has not absorbed any technology from any source.
(ii)	the benefits derived like product improvement, cost reduction, product development or import substitution	N.A.
(iii)	in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-	N.A.
	(a) the details of technology imported	N.A.
	(b) the year of import;	N.A.
	(c) whether the technology been fully absorbed	N.A.
	(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof	N.A.
(iv)	the expenditure incurred on Research and Development	N.A.

c) Foreign Exchange Earnings and Outgo

The foreign exchange earnings and outgo are given below:

(i)	Total Foreign Exchange earned	N.A
(ii)	Total Foreign Exchange used	N.A.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the financial year 2023-2024 the company has neither made any investment nor given any loans or guarantees covered under the provisions of
section 186 of the Companies Act, 2013.

PERSONNEL RELATIONS:

The Company considers human capital as a critical asset and success factor for smooth organizational work flow. Your directors hereby place on record

their appreciation for the services rendered by the executives, staff and workers of the Company for their hard work, dedication and commitment. During
the year under review, relations between the employees and the management continued to remain cordial.

PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules
2014 in respect of the remuneration of Directors, Key Managerial Personnel and employees are enclosed as ‘Annexure ''C'' forming part of the notes to
accounts of financial statements.

LISTING ON STOCK EXCHANGE:

The company’s securities are listed on The Bombay Stock Exchange, Mumbai. The company has paid the listing fee to the stock exchanges for the
financial year 2024 and has complied with all the requirements of the listing Regulations.

DISCLOSURE AS REQUIRED UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL)
ACT, 2013:

As per the requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (‘Act’) and rules made there
under, your Company has adopted a Sexual Harassment Policy for women to ensure healthy working environment without fear of prejudice, gender bias
and sexual harassment.

The Board states that there were no cases or complaints filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013.

CAUTIONARY STATEMENT:

Statements in this Report, particularly those which relate to Management Discussion and Analysis describing the Company''s objectives, projections,
estimates and expectations may constitute “forward looking statements" within the meaning of applicable laws and regulations. Actual results might differ
materially from those either expressed or implied in the statement depending on the circumstances.

CODE OF CONDUCT:

The Company has adopted the code of conduct for all Board members and Senior Management as required under Regulation 17 of the Listing
Regulations. The Code is posted on the Company''s website: www.dhanvantrihospital.in All Board members and Senior Management personnel have
affirmed compliance with the Code on an annual basis and a declaration to this effect signed by Mrs. Shalini Sharma, Managing Director forms part of
this Report.

CEO/CFO CERTIFICATION:

A certificate duly signed by CFO relating to financial statements and internal controls and internal control systems for financial reporting as per the
format provided in Regulation 17(8) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 was placed before the Board and
was taken on record.

ACKNOWLEDGEMENTS:

Your directors place on records their gratitude to all Government agencies for the assistance, co-operation and encouragement they have extended to
the Company. Your directors also take this opportunity to extend a special thanks to the medical fraternity and patients for their continued cooperation,
patronage and trust reposed in fhe Company. Your directors also greatly appreciate the commitment and dedication of all the employees at all levels,
that has contributed to the growth and success of the Company. Your directors also thank all the strategic partners, business associates, Banks,
financial institutions and our shareholders for their assistance, co-operation and encouragement to the Company during the year.

For and on behalf of the Board of Directors
Dhanvantri Jeevan Rekha Limited

Sd/- Sd/-

Place: Meerut (Mrs. ShaliniSharma) (Mr. Premjit Singh Kashyap)

Date:26.08.2024 Managing Director Chairman

DIN: 03530674 DIN:01664811

Declaration

I, Shalini Sharma Managing Director of Dhanvantri Jeevan Rekha Limited, hereby declare that all the members of the Board of Directors and the Senior
Management personnel have affirmed compliance with the Code of Conduct, applicable to them as laid down by the Board of Directors under Schedule
V sub-clause (D) Regulation 34 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, for the year ended March 31,2024.

For Dhanvantri Jeevan Rekha Ltd.

Sd I-

Place: Meerut (Mrs. Shalini Sharma)

Date: 26.08.2024 Managing Director

DIN:03530674

---

Mar 31, 2015

Dear Members

The Directors have the pleasure in presenting the 22nd Annual Report of the company together with Financial Statements for the year ended on 31st March 2015.

FINANCIAL & OPERATIONAL REVIEW:

FINANCIAL RESULTS:

(Rs in L; cs)

S. No. Financial Heads Year ended YeaR ended 31.03.2015 31.03.2014

1. Operating Income 797.40 72608

2. Other Income 44.00 2 0

3. Gross Profits before depreciation & interest 193.05 157.86

4. Interest 4.25 108

5. Gross Profits after interest but before depreciation 188.80 156.78

6. Depreciation 36.33 67.06

7. Profit Before Tax 152.47 89.72

8. Provision for Taxation (net) 45.30 30.72

9. Deferred Tax Provision 0.34 3.26

10. Profit after Tax 106.83 55.74

11. Prior Period Item Adjusted - 3.73

12. Balance after taxation carried over to the Balance Sheet 106.83 52.01

During the year under review the revenue of the company has increased to Rs. 797 Lac from Rs. 726 Lacs in the previous year registering growth of 10%. The profit after tax stood at Rs. 106.83 Lac against Rs 55.74 lacs in the previous year showing impressive increase of 52%.

FUTURE OUTLOOK

In view of full occupancy In the Hospital the company had already commenced Its expansion project in the previous year. The work is in full flow and the management is of the view that the new Hospital Building will become operational during the current year.

DIVIDEND & RESERVES:

Keeping In view the requirement of resources for up-gradation and of the hospital facilities and the capital intensive expansion project, no dividend has been proposed during the year under review.

The Company proposes to transfer Rs 106.83 lacs to reserve and surplus resulting into aggregate reserve and surplus of Rs. 429.45 Lac as against Rs. 250.04 Lac retained in the reserve and surplus during the preceding previous year.

SHARE CAPITAL:

The paid up equity capital as on March 31, 2015. was Rs.409.84 Lacs. During the year under review, the Company has not issued shares with differential voting rights nor granted stock options nor sweat equity.

SUBSIDIARY:

The company is not having any subsidiary or associate company as on 31.03.2015.

DIRECTOR'S RESPONSIBILITY STATEMENT:

Pursuant to the provisions contained in Section 134 (5) of the Companies Act, 2013, your Directors to the best of their knowledge and belief and according to Information and explanations obtained from the management, confirm that:

- In the preparation of the annual accounts for the financial year ended March 31, 2015, the applicable accounting standards have been followed and there are no material departures from the same;

- 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 as at March 31, 2015 and of the loss of the Company for the year ended on that date;

- The Directors have taken proper and sufficient care 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;

- The Directors have prepared the Annual Accounts on a going concern basis.

- The Directors have laid down proper internal financial controls to be followed by the Company and such controls are adequate and operating effectively.

- The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

FIXED DEPOSITS:

No fresh deposits were accepted after April 1,2014. The Company did not have any unclaimed or overdue deposits as on March 31, 2015.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

In accordance with the provisions of Section 152 of The Companies Act, 2013, Dr. V.S. Phull and Mrs. Shalini Sharma Directors are liable to retire by rotation in ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

Your Directors recommend for their appointment/re-appointment None of the Directors of your Company is disqualified as per provisions of section 164 of the Companies Act, 2013 During the year Dr. S.K. Khatri, one of the founder promoter Director of the company died on 12.11.2014. The company places on record the contribution made by Dr. S.K. Khatri towards the progress of the company.

The information on the particulars of Directors seeking re-appointments as required under Clause 49 of the Listing Agreement executed with the Stock Exchanges, have been given under Corporate Governance report forming part of this report Dr. V.S. Phull, Managing Director, Mr. Pankaj Gupta, Company Secretary and Mr. Dhanendra Jain, Chief Financial Officer are the KMPs of the Company as per the provisions of The Companies Act, 2013 A Board met five times during the financial year 2014-15, the details of which are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

In accordance with the provisions of Section 134 of the Act and Clause 49 of the Listing Agreement, the Board has carried out an evaluation of its own performance, the performance of Committees of the Board, namely, Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee and also the directors individually. The manner in which the evaluation was carried out and the process adopted has been mentioned in the Corporate Governance Report.

The Board, on the recommendation of the Nomination & Remuneration Committee, has framed a policy for selection and appointment of Directors, Senior Management and their remuneration and also framed the criteria for determining qualifications, positive attributes and independence of directors. A hard copy of the Remuneration Policy and criteria for Board nominations may inspect the same at the Registered Office of the Company or write to the Company Secretary for a copy.

STATEMEHT ON DECLARATION GIVEN BY THE INDEPENDENT DIRECTORS:

As under Section 149 (7) of the Companies Act, 2013, all the Independent Directors have given their respective declarations that meet the criteria of independence as specified in Section 149 (6) of the Companies Act, 2013.

AUDITORS AND AUDITORS REPORT:

M/s K.K. Jain & Co., Delhi, the statutory auditors of the company retire at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment. They have confirmed that their appointment, if made, shall be in accordance with the provisions of Section 139(1) of the Act read with Companies (Audit and Auditors) Rules, 2014 and that they satisfy the criteria given under Section 141 of the Act. They have also confirmed that they hold a valid peer review certificate as prescribed under Clause 41(l}(h) of the Listing Agreement.

There is no observation or qualification or adverse remark made in the Auditors' Report read together with relevant notes thereon.

COST AUDITORS:

The company is not required to appoint cost auditor as per Section 148 of the Companies Act, 2013.

SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s R.K. Singhal & Associates, Company Secretaries in practice as the Secretarial Auditor to undertake the Secretarial Audit of the Company. The Report of the Secretarial Audit is given in Annexure-A to this Report. There are no qualifications, reservations or adverse remarks or disclaimers made by the Secretarial Auditors in their report.

COST AUDITORS:

The company is not required to appoint cost auditor as per Section 148 of the Companies Act, 2013.

SECRETARIAL AUDITOR

PuRs,»,-3flt to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Mi. gerial Personnel) Rules, 2014, the Company has appointed M/s R.K. Singhal & Associates, Company Secretaries in practice as the Secretarial Auditor to undertake the Secretarial Audit of the Company. The Report of the Secretarial Audit is given in Annexure-A to irftjs Report.

There are no qualifications, reservations or adverse remarks or disclaimers made by the Secretarial Auditors in their report.

RISK MANAGEMENT

As required under Clause 49 of the Listing Agreement, the provisions of Clause 49 (VI) (C) as given in Part- B i.e. Constitution of Risk Management Committee shall be applicable to top 100 listed Companies by market capitalization as at the end of the immediate financial year. As the Company not fall under the category of top 100 listed Companies, the Company is not required to constitute a Risk Management Committee.

The Company has a mechanism to identify, assess, monitor and mitigate various risks to its key business objectives. Major risks identified by the business and functions are systematically addressed through mitigating actions on a continuing basis.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has adequate Internal Financial Controls with proper checks to ensure that transactions are properly authorized, recorded and reported apart from safeguarding its assets. These systems are reviewed and improved on a regular basis. It has a comprehensive budgetary control system to monitor revenue and expenditure against approved budget on an ongoing basis. The internal auditors "M/s A.K. Rana & Associates", of the Company reviews the controls across the key processes and submits reports periodically to the Management and significant observations are also presented to the Audit Committee for review. Follow up mechanism is in place to monitor the implementation of the various recommendations.

CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES

As the Company does not fait under any of the threshold limits given under section 135 of the Companies Act, 2013, the provisions of Corporate Social Responsibility are not applicable to the Company.

RELATED PARTY TRANSACTIONS

All contracts/arrangements/transactions entered into during the financial year with the related parties were on arm's length basis and were in the ordinary course of business. Section 188(1) of the Companies Act, 2013 exempts related party transactions that are in the ordinary course of business and are on arm's length basis. There are no material Related Party Transactions during the year under review that require approval of the shareholders through special resolution. The Board of Directors and the Audit Committee have also approved the all other related party transactions.

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

The details of contracts/arrangements with related parties as required to be disclosed in Form-AOC-2 is not applicable on the Company.

MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report for the year under review, as stipulated under Clause 49 of the Listing Agreement Rs form part of this Annual Report.

DISCLOSURES Committees of the Board

During the year in accordance with the Companies Act, 2013 the Board re-constituted/re-named some of its Committees and presently the Company has the following Committees:

i. Audit Committee

ii. Nomination and Remuneration Committee

iii. Stakeholders Relationship Committee The details of all the Committees along with their composition, terms of reference and meetings held during the year are provided In the "Report on Corporate Governance" forming part of this Annual Report.

Vigil Mechanism & Whistle Blower Policy

The Company has established a Vigil Mechanism that enables the Directors and Employees to report genuine concerns. The Vigil Mechanism provides for (a) adequate safeguards against victimization of persons who use the Vigil mechanism; and (b) direct access to the Chairperson of the Audit Committee of the Board of Directors of the Company in appropriate or exceptional cases. Details of the Vigil Mechanism policy are made available on the Company's website www.dirl.ore.in

Conservation of Energy

Your company is not covered by the Schedule of industries under Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 requiring furnishing of information regarding conservation of energy. However, the company does lay a great deal of emphasis on conservation of energy in all phases of operation.

Technology Absorption:

Not Applicable

Foreign Exchange Earnings and Outgo:

a) Foreign exchange Earnings : NIL

b) Foreign exchange Outgo : NIL

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the financial year 2014-15, the company has neither made any investment nor given any loans or guarantees covered under the provisions of section 186 of the Companies Act, 2013.

PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 read with Rule, 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, will be provided upon request. In terms of Section 136 of the Act, the Report and Accounts are being sent to the Members and others entitled thereto, excluding the information on employees particulars which is available for inspection by the Members at the Registered Office of the Company during business hours on working days of the Company up to the date of the ensuing Annual General Meeting. If any Member is interested In obtaining a copy thereof, such Member may write to the Company Secretary in this regard.

EXTRACT OF THE ANNUAL RETURN

The details of the extract of the Annual Return in Form MGT-9 are given in Annexure-B to this Report.

PERSONNEL RELATIONS

Your directors hereby place on record their appreciation for the services rendered by the executives, staff and workers of the Company for their hard work, dedication and commitment. During the year under review, relations between the employees and the management continued to remain cordial.

CORPORATE GOVERNANCE:

The Company has complied with the guidelines prescribed by the Stock Exchanges on Corporate Governance. The Company has constituted Audit Committee, Share Transfer Committee and Investors' Grievances Redressal Committee. The details of compliance made by the Company along-with a certificate from the Auditors and Management Discussion and Analysis are as per Annexure - "C and "D" respectively forming part of this report.

LISTING ON STOCK EXCHANGE:

The company's securities are listed on The Uttar Pradesh Stock Exchange Association Ltd., Kanpur, The Stock Exchange, Mumbai and The Stock Exchange Association Ltd., Delhi. The company has paid the listing fee for all the stock exchanges for the financial year 2014- IS and has complied with all the requirements of the listing agreement.

ACKNOWLEDGEMENT:

The Directors wish to place on record their sincere appreciation for the committed and dedicated services of the employees of the Company. The Board also wishes to thank the Doctors, Specialist in Medical Field, Bankers for placing their trust on the Company and encouragement they extend to the Company. The Board places on record their thanks to the shareholders and the patient public for the confidence reposed by them In the Company and their appreciation for the services.

By Order of the Board of Directors



Sd/- Sd/-

Placs: Meerut (Dr. V. S. Phull) (Mr. Premjlt Singh Kashyap)

Date; 08.08.2015 Managing Director Chairman

---

Mar 31, 2014

Dear Members

The Directors have the pleasure in presenting the 21st Annual Report of the company together with Financial Statements for the year ended on 31st March 2014.

FINANCIAL & OPERATIONAL REVIEW:

FINANCIAL RESULTS:

(Rs in Lacs)

S. No. Financial Heads Year ended Year ended 31.03.2014 31.03.2013

1. Operating Income 726.08 575.25

2. Other Income 25.00 19.24

3. Gross Profits before depreciation & 157.86 168.05 interest

4. Interest 1.08 2.31

5. Gross Profits after interest but before 156.78 165.74 depreciation

6. Depreciation 67.06 64.47

7. Profit Before Tax 89.72 101.27

8. Provision for Taxation (net) 30.72 28.40

9. Deferred Tax Provision 3.26 (11.17)

10. Profit after Tax 55.74 84.04

11. Prior Period Item Adjusted 3.73 0.00

12. Balance after taxation carried over to the 52.01 84.04 Balance Sheet

During the year under review the;revenue of the company has increased to Rs. 726 Lac from Rs. 575 Lacs in the previous year registering impressive growth of 26%. The profit after tax stood at Rs. 55.70 Lac against Rs 84.04 lacs in the previous year. The net profit of the compahy has not increased proportionate to the revenues due to higher administrative expenses and increased provision for deferred tax liability as against deferred tax asset in the previous year consequent to higher depreciation chargeable in books of''accounts under SLM as compared to depreciation charged in Income Tax under WDV method.

The Company proposes to transfer Rs 52.01 lacs to reserve and surplus resulting into aggregate reserve and surplus of Rs. 250.04 Lac as against Rs. 198.03 Lac retained in the reserve and surplus during the preceding previous year and Loss.

In order to add comfort to patients, significant renovation and up gradation was undertaken during the year. This has enhanced not only patient care but also facilitated achieving more operational efficiencies.

FUTURE OUTLOOK

The management is focusing its attention to further strengthen its infrastructure and other facilities. The present capacity of the hospital is almost fully utilized, in view of the same the Company had acquired the land for expansion of hospital which is situated adjacent to the existing hospital building. A major expansion has been embarked by the hospital.1

DIVIDEND:

Keeping in view the requirement of resources for up-gradation of the hospital facilities, it is proposed to skip the payment of dividend.

AUDITORS:

M/s K.K. Jain & Co., Delhi, the statutory auditors of the company retire at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment. They have confirmed that their appointment, if made, shall be in accordance with the provisions of Section 139(1) of the Act read with Companies (Audit and Auditors) Rules, 2014 and that they satisfy

the criteria given under Section 141 of the Act. They have also confirmed that they hold a valid peer review certificate as prescribed under Clause 41(l)(h) of the Listing Agreement. ,

CORPORATE GOVERNANCE: ''

The Company has complied with the guidelines prescribed by the Stock Exchanges on Corporate Governance. The Company has constituted Audit Committee, Share Transfer Committee and Investors'' Grievances Redressal Committee. The details of compliance made by the Company along-with a certificate from the Auditors and Management Discussion and Analysis are as per Annexure - "A" and "B" respectively forming part of this report.

DIRECTORS:

In accordance with the provisions of Section 152 of The Companies Act, 2013, Dr. S.K. Khatri, Dr. S.P. Mithal, Dr. S.P. Gupta and Mrs. Meenakshi Elhence, Directors are liable to retire by rotation in ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

Mr. Premjit Singh Kashyap, Mr. Abhimanyu Arora, Independent Directors of the Company, retires by rotation and are recommended for re-appointment as Independent Directors.

Your Directors recommend for their appointment/re-appointment. None of the Directors of your Company is disqualified as per provisions of section 164 of the Companies Act, 2013

Ms. Priyanka Sharma has resigned from the Directorship of the Company, Mr. Ashok Kumar Singh Chaudhary has been appointed as an Independent Director of the Company in place of her, subject to approval of the shareholders in the Annual General Meeting of the Company

The information on the particulars of Directors seeking re-appointments as required under Clause 49 of the Listing Agreement executed with the Stock Exchanges, have been given under Corporate Governance (Annexure "A") of this report.

LISTING ON STOCK EXCHANGE:

The company''s securities are listed on The Uttar Pradesh Stock Exchange Association Ltd., Kanpur, The Stock Exchange, Mumbai and The Stock Exchange Association Ltd., Delhi. The company has paid the listing fee for all the stock exchanges for the financial year 2013-14 and has complied with all the requirements of the listing agreement.

INFORMATION AS PER SECTION 217(l)(e) READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988 & FORMING PART OF THE DIRECTORS'' REPORT FOR THE YEAR ENDED ON 31ST MARCH 2014

A. CONSERVATION OF ENERGY:

Your company is not covered by the Schedule of industries under Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 requiring furnishing of information regarding conservation of energy. However, the company does lay a great deal of emphasis on conservation of energy in all phases of operation.

B. TECHNOLOGY ABSORPTION : Not Applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

a) Foreign exchange Earnings : NIL

b) Foreign exchange Outgo : NIL

RESPONSIBILITY STATEMENT OF THE BOARD OF DIRECTORS as required under section 217(2AA) of The Companies Act, 1956

Pursuant to the requirement U/s 217(2AA) of The Companies Act, 1956 with respect to Directors'' Responsibility statement it is hereby confirmed:

i) That in the preparation of accounts for the financial year ended on 31.03.2014 the applicable accounting standards have been followed along-with proper explanation relating to material departures;

ii) That the Directors have selected such Accounting Policies and applied them consistently and made judgment and estimates that were reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the Profit of the company for the year under review;

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of The Companies Act, 1956 and for safeguarding the assets of the company and for preventing and detecting other irregularities;

iv) That the Directors have prepared the accounts for the financial year ended 31.03.2014 on a ''going concern1 basis. PARTICULARS OF EMPLOYEES:

The provisions of Section 217 (2A) of The Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, as amended, are not applicable, as there is no employee drawing remuneration beyond the stipulated amount provided in the said rules.

ACKNOWLEDGEMENT:

The Directors wish to place on record their sincere appreciation for the committed and dedicated services of the employees of the Company. The Board also wishes to thank the Doctors, Specialist in Medical Field, Bankers for placing their trust on the Company and encouragement they extend to the Company. The Board places on record their thanks to the shareholders and the patient public for the confidence reposed by them in the Company and their appreciation for the services.

By Order of the Board of Directors

Sd/- Sd/-

Place: Meerut (Dr. V. S. Phull) (Mr. Premjit Singh Kashyap)

Date: 29.08.2014 Managing Director Chairman

---

Mar 31, 2011

Dear Members,

The Directors have the pleasure in presenting the 18th Annual Report of the company together with Financial Statements for the year ended on 31st March 2011. FINANCIAL & OPERATIONAL REVIEW:

FINANCIAL RESULTS: (Rs. in Lacs)

S. No. Financial Heads Year ended Year ended 31.03.2011 31.03.2010

1. Operating Income 405.57 347.72

2. Other Income 1.11 7.60

3. Gross Profit Before depreciation & interest 99.27 81.33

4. Interest 1.00 1.03

5. Gross Profits after interest but before depreciation 98.27 80.30

6. Depreciation 51.01 49.56 7. Profit before Tax 47.26 30.74

8. Provision for Taxation 22.55 16.88

9. Deferred Tax Provision 1.15 7.06

10. Profit after Tax 23.56 6.79

11. Proposed Dividend 16.39 -

12. Corporate Dividend Tax Thereon 2.66 -

13. Balance after taxation carried over to the Balance Sheet 4.51 6.79

During the year under review the revenue of the company has increased to Rs. 406 Lacs registering a growth of 17% as against the revenue of Rs. 348 Lacs for the previous year ended on March 31,2010. The Pre Tax profit has increased by 54% while the Post Tax Profits of Rs. 23.56 Lacs for the year ended March 31,2011 have registered increase by 71 % in comparison of Rs. 6.79 Lacs in the previous year ended on 31.03.2010.

The management has taken a number of steps to improve the performance of the Company The number of cases treated (both diagnostic and hospital) have increased considerably. The presence of experienced doctors and well equipped infrastructure has resulted in yielding better results. Major repairs and renewals to the hospital building to face-lift the entire environment and repairs and renewals to the hospital equipments, purchase of latest bio-medical equipments to replace the old machines are the causes for the high expenditure.

FUTURE OUTLOOK

There is contineous growth in the Health and Healthcare Sectors. It grows with the growth of the population. By strengthening of existing facilities it is expected that the performance of the hospital will improve substantially. The management is focusing its attention to further strengthen its infrastructure and other facilities. Much scope is expected in the overall performance and revenue generation.

DIVIDEND:

During the year, the Board of Director's have proposed a dividend of 4% for the year ended 2010-11 subject to approval of the members of the company. The equity dividend (including tax on distributed profits) amounts to Rs. 19.05 Lac.

AUDITORS :

M/s Vipin Nagar & Co., Meerut, auditors of the company retire at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment. They have also furnished a certificate to the company stating that their appointment if made, will be within the limits laid down under section 224 (1B) of The Companies Act, 1956.

CORPORATE GOVERNANCE :

The Company has complied with the guidelines prescribed by the Stock Exchanges on Corporate Governance. The Company has constituted Audit Committee, Share Transfer Committee and Investors' Grievances Redressal Committee. The details of compliance made by the Company along-with a certificate from the Auditors and Management Discussion and Analysis are as per Annexure - "A" and "B" respectively forming part of this report.

DIRECTORS :

Pursuant to section 256 of The Companies Act, 1956 Dr. S.K. Khatri, Dr. G.P. Elhence and Dr. S.P. Mithal Directors of the company retire by rotation in the ensuing Annual General Meeting and being eligible offer themselves for re-appointment. The Board recommends their reappointment. The information on the particulars of Directors seeking re-appointments as required under Clause 49 of the Listing Agreement executed with the Stock Exchanges, have been given under Corporate Governance (Annexure "A") of this report.

LISTING ON STOCK EXCHANGE :

The company's securities are listed on The Uttar Pradesh Stock Exchange Association Ltd. Kanpur, The Stock Exchange, Mumbai and The Stock Exchange Association Ltd., Delhi. The company has paid the listing fee for all the stock exchanges for the financial year 2010-11 and has complied with all the requirements of the listing agreement.

INFORMATION AS PER SECTION 217(1)(e) READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988 & FORMING PART OF THE DIRECTORS' REPORT FOR THE YEAR ENDED ON 31 ST MARCH 2011

A. CONSERVATION OF ENERGY:

The company is not covered by the Schedule of industries under Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 requiring furnishing of information regarding conservation of energy. However, the company does lay a great deal of emphasis on conservation of energy in all phases of operation.

B. TECHNOLOGY ABSORPTION : Not Applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO :

a) Foreign exchange Earnings : NIL

b) Foreign exchange Outgo : NIL

RESPONSIBILITY STATEMENT OF THE BOARD OF DIRECTORS as required under section 217 (2AA) of The Companies Act, 1956

Pursuant to the requirement U/s 217 (2AA) of The Companies Act, 1956 with respect to Directors'

Responsibility statement is hereby confirmed:

i) That in the preparation of accounts for the financial year ended on 31.03.2011, the applicable accouting standards have been followed along-with proper explanation relating to material departures;

ii) That the Directors have selected such Accounting Policies and applied them consistently and made judgement and estimates that were reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the Profit or Loss of the company for the year under review;

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of The Companies Act, 1956 and for safeguarding the assets of the company and for preventing and detecting other irregularities;

iv) That the Directors have prepared the accounts for the financial year ended 31.03.2011 on a going cocern basis.

PARTICULARS OF EMPLOYEES:

The provisions of Section 217 (2A) of The Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, as amended, are not applicable, as there is no employee drawing remuneration beyond the stipulated amount provided in the said rules.

ACKNOWLEDGEMENT:

We are thankful to our Bankers, Govt. Bodies and Business Associates for the co-operation and assistance extended by them. The Board places on record their thanks to the shareholders and the patient public for the confidence reposed by them in the Company and their appreciation for the services and untiring efforts of the Doctors and Employees at all levels, which has helped the Company to run its affairs smoothly.

By Order of the Board of Directors

Sd/- (Dr. S.P. Gupta) Chairman

Place : Meerut Date : 30.07.2011

---

Mar 31, 2010

The Directors have the pleasure in presenting the 17th Annual Report of the company together with Financial Statements for the year ended on 31st March 2010.

FINANCIAL & OPERATIONAL REVIEW:

FINANCIAL RESULTS: (Rs. in Lacs)

S.No. Financial Heads Year ended Year ended 31.03.2010 31.03.2009

1. Operating Income 347.72 269.28

2. Other Income 7.60 4.92

3. Gross Profits before depreciation & interest 81.33 72.81

4. Interest 1.03 4.91

5. Gross Profits after interest but before depreciation 80.30 67.90

6. Depreciation 49.56 48.83

7. Profit Before Tax 30.74 19.07

8. Provision for Taxation 16.88 2.41

9. Deferred Tax Provision 7.06 8.99

10. Profit after Tax 6.79 7.67

11. Balance after taxation carried over to the Balance Sheet 6.79 7.67

During the year under review the revenue of the company has increased to Rs. 348 Lac registering a growth of 29% as against the revenue of Rs. 269 Lac for the previous year ended on March 31 2009. The Pre Tax Profit has increased by 61 % while the Post Tax Profits of Rs. 6.79 Lac for the year ended March 31 2010 have registred decline by 12% in comparison of Rs. 7.67 Lac in the previous year ended on 31.03.2009 This is mainly on account of higher tax liability calculated at normal rates, as the company had used its MAT credit completely in the previous year.

Your Directors are happy to inform you that the company is debt free as on date, this is particularly significant as the company shall raise funds for the proposed expansion activity in order to earn higher revenues.

FUTURE OUTLOOK

Your Company will continue to focus on both development and expansion of its operational activities. With more people taking health insurance coverage the dynamics of hospital industry is also changing at a fast pace, the patients and their attendants are seeking more comfort just like any other hospitability industry.To keep pace with their expectation and need of the business, your Company proposes to go in for construction of indoor facility with all modern facilites in the new block.

In addition to above, managing margins through judicious pricing and sustained efficiencies "and cost saving will receive constant attention.

DIVIDEND:

In view of sufficient profits and expansion of operational activities propsed by the company, the directors donot propose any dividend for the year 2009-10.

AUDITORS:

M/s Vipin Nagar & Co., Meerut, auditors of the company retire at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment. They have also furnished a certificate to the company stating that their appointment if made, will be within the limits laid down under section 224 (1B) of The Companies Act, 1956.

CORPORATE GOVERNANCE:

The Company has complied with the guidelines prescribed by the Stock Exchanges on Corporate Governance. The Company has constituted Audit Committee, Share Transfer Committee and Investors Grievances Redressal Committee. The details of compliance made by the Company along-with a certificate from the Auditors and Management Discussion and Analysis are as per Annexure - "A" and "B" respectively forming part of this report.

DIRECTORS:

Pursuant to section 256 of The Companies Act, 1956 Mr. Premjit Singh Kashyap, Ms Meenakshi Elhence and Mr. Abhimanyu Arora Directors of the company retire by rotation in the ensuing Annual General Meeting and being eligible offer themselves for re-appointment. The Board recommends their reappointment. The information on the particulars of Directors seeking re-appointments as required under Clause 49 of the Listing Agreement executed with the Stock Exchanges, have been given under Corporate Governance (Annexure "A") of this report.

LISTING ON STOCK EXCHANGE:

The companys securities are listed on The Uttar Pradesh Stock Exchange Association Ltd., Kanpur, The Stock Exchange, Mumbai and The Stock Exchange Association Ltd., Delhi. The company has paid the listing fee for all the stock exchanges for the financial year 2009-10 and has complied with all the requirements of the listing agreement.

INFORMATION AS PER SECTION 217(1)(e) READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988 & FORMING PART OF THE DIRECTORS REPORT FOR THE YEAR ENDED ON 31 ST MARCH 2010

A CONSERVATION OF ENERGY:

Your company is not covered by the Schedule of industries under Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 requiring furnishing of information regarding conservation of energy. However, the company does lay a great deal of emphasis on conservation of energy in all phases of operation.

B. TECHNOLOGY ABSORPTION : Not Applicable

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

a) Foreign exchange Earnings NIL

b) Foreign exchange Outgo NIL

RESPONSIBILITY STATEMENT OF THE BOARD OF DIRECTORS as required under section 217(2AA) of The Companies Act, 1956

Pursuant to the requirement U/s 217(2AA) of The Companies Act, 1956 with respect to Directors Responsibility statement it is hereby confirmed:

i) That in the preparation of accounts for the financial year ended on 31.03.2010 the applicable accounting standards have been followed along-with proper explanation relating to material departures;

ii) That the Directors have selected such Accounting Policies and applied them consistently and made judgment and estimates that were reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the Profit or Loss of the company for the year under review;

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of The Companies Act, 1956 and for safeguarding the assets of the company and for preventing and detecting other irregularities;

iv) That the Directors have prepared the accounts for the financial year ended 31.03.2010 on a going concern basis.

PARTICULARS OF EMPLOYEES:

The provisions of Section 217 (2A) of The Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, as amended, are not applicable, as there is no employee drawing remuneration beyond the stipulated amount provided in the said rules.

ACKNOWLEDGEMENT:

Your Directors would like to acknowledge the continued support and co-operation from the Bankers, Govt. Bodies, Medical Professionals, Business Associates, and the shareholders during the year under review.

The relation between the employees and the management during the year, have been cordial. The Directors wish to thank all the employees for the continued support and co-operation during the year under review.

By Order of the Board of Directors

Sd/-

Place : Meerut (Dr. S.P. GUPTA)

Date : 31.07.2010 Chairman