Directors Report of Healthy Investments Ltd.

Mar 31, 2024

Your Directors present the 42^nd Annual Report together with the Audited Statement of Accounts
for the year ended March 31, 2024.

1. FINANCIAL RESULTS:

PARTICULARS	2023-24 (In Million ?)	2022-23 (In Million ?)
Profit before depreciation	2.225	(0.254)
Less: Depreciation	-	0.002
Profit before taxes	2.225	(0.256)
Less: Current tax	0.626	(0.215)
Less: Tax pertaining to earlier years	0.090	(1.101)
Profit available for appropriation (A)	1.509	(0.573)
Other Comprehensive Income (B)	54.924	26.215
Total Comprehensive Income (A B)	56.433	25.643
Transfer to Reserve fund (C)	-	-
Profit for the year (A-C)	1.509	(0.573)
Add: Surplus brought forward from last year	79.179	79.006
Add: Transfer from OCI	0.795	0.746
Surplus carried to balance sheet	81.483	79.179

2. STATE OF COMPANY’S AFFAIRS:

During the year under review, the Company earned total revenue of ? 3.623 Million as
compared to last year’s total revenue of ? 3.172 Million, showing a increase of 14%
approximately. The Company earned a major share of income from dividends and dealing in
investments. The Company has earned a Profit After Tax of ? 1.509 Million as against
previous year’s loss of ? 0.573 Million. Your directors are putting in their best efforts for
exploring more business opportunities so as to increase the growth and profitability of the
Company in the years to come.

3. DIVIDEND:

In order to retain funds for growth and expansion of the Company, your Directors do not
recommend any dividend for the financial year 2023-24.

4. RESERVES:

During the year under review, the company has not transferred any amount to reserves.

5. DETAILS OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS:

Internal Financial Control Systems of the Company have been designed to provide
reasonable assurance with regard to recording and providing reliable financial and
operational information, complying with applicable Accounting Standards.

Your Company has adopted accounting policies which are in line with the Indian
Accounting Standards notified under Section 133 of the Companies Act 2013 read together
with the Companies (Indian Accounting Standards) Rules, 2015. These are in accordance
with Generally Accepted Accounting Principles in India. Changes in policies, if any, are
approved by the Audit Committee in consultation with the Statutory Auditors.

6. DETAILS OF SUBSIDIARIES / ASSOCIATE COMPANIES / JOINT VENTURES:

There are no subsidiary / associate / joint venture companies associated with the Company
and as such there is no information to be provided in this regard.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Sri Krishna Babu Cherukuri, Dr. Prasad Reddy Kasu, Sri Kameswara Sarma Chavali and
Smt. Rukmini Devi Satuluri are the directors of the Company as at the end of the financial
year.

Smt. Krishna Babu Cherukuri (DIN: 00993286) Director of the Company, retires by rotation
and being eligible, offers himself for reappointment.

During the period under review, there were no changes that took place in the Directors of
the Company.

The following changes took place after the closer of the financial year:

S. No	Name of the Director	Designation	Nature of Change	Date of Change
1.	Subramanian Neelakantan	Additional Director - Independent Director	Appointment	September 05, 2024
2.	Revathi Raghunathan	Additional Director - Independent Director	Appointment	September 05, 2024
3.	Kameswara Sarma Chavali	Non-Executive Non Independent Director	Change in Designation	September 05, 2024

In accordance with the provisions of the Companies Act, 2013 read with the Rules issued
thereunder, the Listing Regulations and the Articles of Association of the Company, the
Independent Directors of the Company are not liable to retire by rotation.

Key Managerial Personnel:

Following are the Key Managerial Personnel of the Company as per Section 203 of
Companies Act, 2013 as on the end of financial year.

S. No	Name of the Person	Designation
1.	Smt. Rukmini Devi Satuluri	Chief Executive Officer
2.	Sri Murali Damodar Kanuri	Chief Financial Officer
3.	Smt. Swati Ajmera	Company Secretary

During the year under review, the were no changes in the Key Managerial Personnel of the
Company.

Annual Evaluation of Board’s Performance:

In terms of the provisions of Section 134 of the Companies Act, 2013, the Directors carried
out the annual performance evaluation of the Board, Committees of Board and individual
Directors along with assessing the quality, quantity and timeliness of flow of information
between the Company management and the Board that is necessary for the Board to
effectively and reasonably perform their duties.

8. NUMBER OF BOARD MEETINGS HELD:

The Board of Directors duly met 4 (Four) times during the Financial Year from April 01,
2023 to March 31, 2024 on 29.05.2023, 14.08.2023, 13.11.2023, and 14.02.2024.

The composition and category of Directors, their attendance at the Board Meetings and at
the last AGM held during the FY 2023-24 are as follows:

Name of the Director	Category of the Director	Number of Board Meetings entitled to attend during the FY 2023-24	Number of Board Meetings attended during the FY 2023-24	Whether attended AGM held on 20/09/2023
Prasad Reddy Kasu DIN: 00246457	Independent Director	4	4	Yes
Kameswara Sarma Chavali DIN: 06933900	Independent Director	4	4	Yes
Krishna Babu Cherukuri DIN: 00993286	Non-Executive	4	4	Yes
Rukmini Devi Satuluri DIN: 09547719	Executive	4	4	Yes

The Company has complied with the provisions of the Companies Act, 2013, Secretarial
Standards and Listing Regulations regarding convening and conducting the Board and Audit
Committee Meetings.

9. DECLARATION OF INDEPENDENCE:

Your Company has received declarations from all the Independent Directors confirming that
they meet the criteria of independence as prescribed under the provisions of Companies Act,
2013 read with the Schedules and Rules issued thereunder as well as the Listing
Regulations.

10. PUBLIC DEPOSITS:

During the financial year 2023-24, your Company has not accepted any deposits within the
meaning of Sections 73 and 76 of the Companies Act, 2013, read together with the
Companies (Acceptance of Deposits) Rules, 2014.

11. MATERIAL CHANGES AND COMMITMENTS:

No material changes have taken place or commitments made, affecting the financial position
of the company, which have occurred between the end of the financial year and the date of
this report.

12. AUDITORS:

Statutory Auditors:

M/s Narasimha Rao & Associates (FRN: 002336S), Chartered Accountants, Hyderabad, are
the Statutory Auditors of the Company, who were appointed at the 40^th Annual General
Meeting of the Company held on September 19, 2022, to hold office till the conclusion of
the 45^th Annual General Meeting.

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, your
Company has appointed Sri. Anandkumar Chainsukh Kasat, Practicing Company Secretary,
(CP No. 17420), to conduct the Secretarial Audit of your Company. The Secretarial Audit
Report is annexed herewith as Annexure - A to this Report. The Secretarial Audit Report
does not contain any qualification, reservation or adverse remark.

Internal auditors:

The Board of Directors, based on the recommendation of the Audit Committee, has
appointed Sri K Srivas., Chartered Accountant, Hyderabad, as the Internal Auditor of your
Company.

13. AUDIT OBSERVATIONS:

The Statutory Auditors have commented that the Company has not obtained Certificate of
Registration from Reserve Bank of India or its consent, in accordance with the provisions
of Section 45 IA of the Reserve Bank of India Act, 1934, for carrying on the business of
dealing in investment in shares and other securities. It is, hereby, clarified that the
Company is not carrying on NBFC activity and that it has invested the Company’s own
funds in shares. The Company has no borrowings of any kind or public Deposits, nor has it
issued any NCDs. However, the Company will take steps to comply with the Reserve Bank
of India regulations, as and when required.

Notes to Accounts are self-explanatory and do not call for any further comments.

14. MAINTENANCE OF COST RECORDS:

The provisions relating to maintenance of cost records under Section 148 of Companies
Act, 2013 are not applicable to the Company.

15. AUDIT COMMITTEE:

The Audit Committee reviews the audit reports submitted by the Statutory Auditors,
financial results, Effectiveness of internal audit processes and the Company’s risk
management strategy. It reviews the Company’s established Systems and the Committee is
governed by a Charter which is in line with the regulatory requirements mandated by the
Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

The Committee has been constituted with the following members:

1. Sri Kameswara Sarma Chavali (Independent Director) - Chairman

2. Sri Krishna Babu Cherukuri (Director) - Member

3. Dr Prasad Reddy Kasu (Independent Director) - Member

The committee has been vested with the following roles and responsibilities:

• The recommendation for appointment, remuneration and terms of appointment of
Auditors of the Company;

• Review and monitor the auditor’s independence and performance, and effectiveness
of audit process;

• Examination of the Financial Statement and the Auditors’ report thereon;

• Approval or any subsequent modification of transactions of the Company with
related parties;

• Scrutiny of inter-corporate loans and investments;

• Valuation of undertakings or assets of the company, wherever it is necessary;

• Evaluation of internal financial controls and risk management systems;

• Monitoring the end use of funds raised through public offers and related matters.

• Any other responsibility as may be assigned by the board from time to time.

• Such other roles as specified under Part C of Schedule II of SEBI (LODR)
Regulations 2015.

16. NOMINATION & REMUNERATION COMMITTEE:

Pursuant to the provisions of section 178 of the Companies Act, 2013 and Regulation 19
of SEBI (LODR) Regulations 2015, the Company has constituted Nomination and
Remuneration Committee with the following members:

1. Dr Prasad Reddy Kasu (Independent Director) - Chairman

2. Sri Krishna Babu Cherukuri (Director) - Member

3. Sri Kameswara Sarma Chavali (Independent Director) - Member

The Committee is authorised to 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, KMP and other employees.

The Committee is also authorized to identify persons who are qualified to become
directors and who may be appointed in senior management in accordance with the criteria
laid down, recommend to the board their appointment and removal and carry out
evaluation of every Director’s performance and perform such other roles as specified
under Part D of Schedule II of SEBI (LODR) Regulations 2015.

17. STAKEHOLDERS RELATIONSHIP COMMITTEE:

In pursuance of the provisions of section 178 of the Companies Act, 2013 and Regulation
20 of SEBI (LODR) Regulations 2015, the Board has constituted Stakeholders
Relationship Committee with the following members:

1. Dr Prasad Reddy Kasu (Independent Director)- Chairman

2. Sri Krishna Babu Cherukuri (Director)- Member

3. Sri Kameswara Sarma Chavali (Independent Director)- Member

The committee shall look into various aspects of interest of shareholders, debenture
holders and other security holders and perform such other roles as specified under Part D
of Schedule II of SEBI (LODR) Regulations 2015.

18. ANNUAL RETURN:

Pursuant to the provisions of Section 92 (3) of the Companies Act, 2013 the Annual Return
of the company is placed on the website of the Company on the following link
http: //www.healthyinve stments .co. in/inve stors. html

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

Being an investment company, there are no particulars to be furnished in this report as
required by section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the
Companies (Accounts) Rules, 2014 relating to conservation of energy and technology
absorption. There were no foreign exchange earnings or outgo during the year.

20. CORPORATE SOCIAL RESPONSIBILITY:

As the Company has not reached the threshold limits specified in section 135 of the
Companies Act, 2013, the Board of Directors of your Company has not constituted a CSR
Committee and no activity is presently taken up.

21. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES:

In pursuance to the provisions of section 177(9) & (10) of the Companies Act, 2013, a Vigil
Mechanism for directors and employees to report genuine concerns has been established.

Every listed Company is required to establish the Vigil Mechanism for their Directors and
Employees to report their genuine concerns or grievances under the Companies Act, 2013
and rules notified therein by Government of India.

Vigil Mechanism for the Directors and Employees of the Company interalia stipulate the
following:

• The Audit Committee shall oversee the Vigil Mechanism through the Committee
and if any of the members of the Committee have a conflict of interest in a given
case, they should recuse themselves and the others on the Committee would deal
with the matter on hand.

• The Vigil Mechanism shall provide for adequate safeguards against victimization of
Employees and Directors who avail of the Vigil Mechanism and also provide for
direct access to the chairperson of the Audit Committee.

• In case of repeated frivolous complaints being filed by a Director or an Employee,
the Audit Committee may take suitable action against the concerned Director or
Employee including reprimand.

22. ANTI-SEXUAL HARASSMENT POLICY:

Your Company has laid down Anti Sexual Harassment Policy, under the Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013,
which is available on the website of the Company. No complaints have been received by
the Company, during the year under review.

23. RELATED PARTY TRANSACTIONS:

The Related Party Disclosure as required as per Ind AS 24, are provided in Note No. 22 of
the notes to financial statements. During the Financial Year 2023-24, your company has not
entered into any transactions with related parties which are covered under Section 188 of the
Companies Act, 2013.

During the financial year 2023-24, there were no transactions with related parties which
qualify as material transactions under the Listing Regulations.

24. CORPORATE GOVERNANCE REPORT:

The Company''s paid up equity share capital is not exceeding rupees ten crore and net worth
is not exceeding rupees twenty-five crore, as on the last day of the previous financial year
and hence the Corporate Governance Report is not applicable on the Company as per
Regulation 15(2) of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

25. LISTING WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2024-25 to the
Bombay Stock Exchange Limited, on which the Company’s Shares are listed.

26. REMUNERATION TO THE DIRECTORS / KEY MANAGERIAL PERSONNEL /
EMPLOYEES:

The Company has not paid any remuneration to Directors and none of the Directors and
Employees are covered under Section 197 of the Companies Act, 2013 read with Rule 5 of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
During the year, the Company has paid remuneration to the Company Secretary, amounting
to ? 0.240 Mil.

27. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As required under Regulation 34(2) of the Listing Regulations, the Management Discussion
and Analysis Report is enclosed as Annexure - B and is a part of this report.

28. RISK MANAGEMENT:

The company has been addressing various risks impacting the company and the policy of
the company on risk management is provided in the Management Discussion and Analysis
Report which forms part of the annual report.

29. DEMATERIALISATION OF SHARES:

98.16% of the company’s paid up Equity Share Capital is in dematerialized form as on
March 31, 2024 and balance 1.84% is in physical form.

30. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to Section 134(3)(c) and 134(5) of the Companies Act, 2013, Directors of your
Company hereby state and confirm that:

a) in the preparation of the Annual Accounts for the year ended March 31, 2024, the
applicable Accounting Standards have been followed along with proper explanation
relating to material departures, if any;

b) they 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 and of the
profit of the Company for that year;

c) 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;

d) the Directors have prepared the annual accounts on a going concern basis;

e) internal financial controls to be followed by the company have been laid down and
that such internal financial controls are adequate and were operating effectively; and

f) the Directors have devised proper systems to ensure compliance with the provisions
of all applicable laws and these are adequate and are operating effectively.

31. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not provided any loans covered under Sections 185 and 186 of the
Companies Act, 2013. The Company has not provided any guarantee or security for any
loans. Details of Investments covered under the provisions of Section 186 of the Companies
Act, 2013 are given in the notes to the Financial Statements. The provisions of Section 186
of the Companies Act 2013 do not apply to the Company.

32. COMPLIANCE WITH THE CODE OF CONDUCT:

The members of Board of Directors and senior management personnel have affirmed their
compliance with the code of conduct of board of directors and senior management.

33. SIGNIFICANT/MATERIAL ORDERS PASSED BY THE REGULATORS:

There are no significant/material orders passed by the Regulators or Courts or Tribunals
impacting the going concern status of your Company and its operations in future.

34. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER
INSOLVENCY AND BANKRUPTCY CODE 2016

During the year under review, there were no applications made or proceedings pending in
the name of the company under the Insolvency and Bankruptcy Code, 2016.

35. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME
SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS
AND FINANCIAL INSTITUTIONS

During the year under review, there has been no one time settlement of loans taken from
Banks and Financial Institutions.

FOR & ON BEHALF OF THE BOARD

Place: Hyderabad Krishna Babu Cherukuri Rukmini Devi Satuluri

Dated: September 05, 2024 Director Director and CEO

DIN: 00993286 DIN: 09547719

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Mar 31, 2014

Dear Members,

The Directors present the Thirty second Annual Report together with the audited statement of accounts for the year ended 31st March 2014.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 10,96,174/- 9,80,493/-

Less: Depreciation 10,464/- 14,612/-

Profit before taxes 10,85,710/- 9,65,881/-

Less: Provision for current taxation (80,000/-) -

Add: Provision for deferred taxation 136/- 2,416 /-

MAT credit entitlement 70,535/- -

Profit available for appropriation 10,76/181/ - 9,68,297/-

Prior year taxes written back - -

Reserve fund 2,00,000/- 1,95,000/-

8,76,381 /- 7,73,297/-

Surplus brought forward from last year 2,60,09,083/- 2,52,35,786/-

Surplus carried to balance sheet 2,68,85,464/- 2,60,09,083/-

2. DIRECTORS:

Sri. Murali D. kanuri Director of the Company, retires by rotation and being eligible, offer himself for reappointment.

Sri C. Kameswara Sharma and Dr. K.P. Reddy are proposed to be appointed as Independent Directors pursuant to the provisions of section 149,150 and 152 read with Schedule IV and other applicable provisions of the Companies Act, 2013, and the Rules notified thereunder to hold office for a term of five consecutive years. These directors shall not be liable to retire by rotation. The Board is of the opinion that the proposed appointees have adequate skills, experience and knowledge and are independent of management

Your Directors recommend their appointment on the Board.

3. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2014, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 and of the profit of the company for the year under review;

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

iv) they have prepared the accounts for the financial year ended 31st March 2014 on a going concern basis.

4. AUDITORS:

The present auditors M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting, and have not expressed their willingness to be reappointed as the Auditors. The company received a letter from a share holder proposing M/s C K S Associates, Chartered Accountants, Hyderabad, as Auditors.

In view of this, your directors propose appointment of M/s C K S Associates, (Peer Review Certificate No: 006803), Chartered Accountants, Hyderabad, as the Statutory Auditors of the Company from the conclusion of the ensuing Annual General Meeting till the conclusion of the sixth consecutive Annual General Meeting subject to ratification at each such meeting as per the provisions of section 139 of the Companies Act, 2013, and the Rules made thereunder, from whom a certificate as prescribed under section 139 (1) of the said Act confirming their eligibility for appointment has been obtained.

5. APPOINTMENT OF COMPANY SECRETARY ;

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES:

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (C.Shantha Prasad) Dated: 30th May, 2014 Director Director

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Mar 31, 2013

To the Shareholders,

The Directors present the Thirty First Annual Report together with the audited statement of accounts for the year ended 31Rt March 2013.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 9,80,493/- 22,87,491/-

Less: Depreciation 14,61.2/- 2,419/-

Profit before taxes 9,65,881/- 22,75,072/- Less : Provision for current taxation

Provision for deferred taxation 2,416/- (736/-)

Profit available for appropriation 9,68,297/- 22,75,808/-

Prior year taxes written back

Reserve fund 1,95,000/- 4,55,000/-

7,73,297/- 18,20,808/-

Surplus brought forward from last year 2,52,35,786/- 34,14,978/-

Surplus carried to balance sheet 2,60,09,083/- 52,35,786/-

2. DIRECTORS:

Sri.K.Harishchandra Prasad Director of the Company, retire by rotation and being eligible, offer herself for reappointment.

¦ 3. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2013, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 and of the profit of the company for the year under review;

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

iv) they have prepared the accounts for the financial year ended 31sf March 2013 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year. FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (C.Shantha Prasad)

Dated: 30th May, 2013 Director Director

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Mar 31, 2012

The Directors present the Thirtieth Annual Report together with the audited statement of accounts for the year ended 31st March 2012.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 22,87,491/- 32,97,774/-

Less: Depreciation 12,419/- 4,321/-

Profit before taxes 22,75,072/- 32,93,453/-

Less : Provision for current taxation

Provision for deferred taxation (736/-) 23,231/ -

Profit available for appropriation 22,75,808/- 32,70,222/-

Prior year taxes written back - 72/-

Reserve fund 4,55,000/- 6,54,000/-

18,20,808/- 26,16,294/-

Surplus brought forward from last year 2,34,14,977/- 2,07,98,683/-

Surplus carried to balance sheet 2,52,35,785/- 2,34,14,977/-

2. DIRECTORS:

Smt C.Shantha Prasad Director of the Company, retire by rotation and being eligible, offer herself for reappointment.

3. DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2012, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 and of the profit of the company for the year under review;

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

iv) they have prepared the accounts for the financial year ended 31st March 2012 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2 A) of the Companies Acts, 1956 read with the rules there under.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (K. Harishchandra Prasad)

Dated: 30th July, 2012 Director Director

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Mar 31, 2010

The Directors present the Twenty Eight Annual Report together with the audited statement of accounts for the year ended 31st March 2010.

1. FINANCIAL RESULTS: Current Year Previous Year

Rupees Rupees

Profit before depreciation 7,22,143/- 1,69,22,976/-

Less : Depreciation 2,019/- 4,015/-

Profit before taxes 7,20,124/- 1,69,18,925/-

Less : Provision for current taxation 21,000/- 36,15,000/-

Provision for fringe benefit tax - 1,333/-

Provision for deferred taxation 45,755/- 589/-

Profit available for appropriation 6,53,369/- 1,33,03,181/-

Prior year taxes written back (2,343/-) 2,832/-

Reserve fund 1,30,000/- 26,65,000/-

5,21,026/- 1,06,41,013/-

Surplus brought forward from last year 2,02,77,656/- 96,36,643/-

Surplus carried to balance sheet 2,07,98,682/- 2,02,77,656/-

2. DIRECTORS:

Sri K. Harishchandra Prasad Director of the Company, retire by rotation and being eligible, offer himself for reappointment.

3. DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2010, the

applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 and of the profit of the company for the year under review;

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

iv) they have prepared the accounts for the financial year ended 31st March 2010 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There was no foreign exchange earnings or outgo during the year.



FOR & ON BEHALF OF THE BOARD

Sd/- Sd/-

Place: Mumbai (Murali D. Kanuri) (K. Harishchandra Prasad) Dated: 30th July 2010 Director Director