Directors Report of Peeti Securities Ltd.

Mar 31, 2024

Your Directors have pleasure in presenting the 30^th ANNUAL REPORT together with the Audited Accounts
of the company for the financial year ended 31^st March, 2024.

1. FINANCIAL HIGHLIGHTS (Rupees in Lakhs)

PARTICULARS	Year ended	Year ended
	31.03.2024	31.03.2023
Revenue from Operations	2483.42	2682.93
Other Income	43.08	22.11
Total Income	2526.50	2705.04
Expenditure	2474.69	2626.62
Net profit before tax	51.81	78.43
Tax	10.66	19.48
Net Profit	41.15	58.95

2. STATE OF COMPANY''S AFFAIR

During the year under review, your company has achieved a total income of Rs. 2483.42 lakhs as against
previous year''s income of Rs. 2682.93 Lakhs and recorded a net profit of Rs. 41.15 Lakhs for the financial
year 2023-24 when compared to a net profit of Rs. 58.95 lakhs during the previous year.

3. TRANSFER OF AMOUNT TO RESERVES

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

4. DIVIDEND

Your Directors do not recommend any Dividend for the Financial Year 2023-2024 as the profits are planned
to be ploughed back into the business operations.

5. DEPOSITS:

Company has neither accepted nor renewed any deposits falling within the provisions of Section 73 and 76
of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 from the its
member and public during the Financial Year 2023-2024.

6. LISTING OF EQUITY SHARES

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

7. SHARE CAPITAL

There is no change in share capital:

s The company has not bought back any of its securities.

s The Company has not issued any Sweat Equity Shares.
s No Bonus shares were issued during the year.
s Company has not issued any Preference shares/Debentures.
s Has not provided any Stock Option Scheme

8. SUBSIDIARIES:

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

9. VARIATIONS IN NETWORTH:

The Standalone Net worth of the Company for the Financial Year ended March 31, 2024, is Rs. 1182.40
Lakhs as compared to Rs. 1048.01 Lakhs for the previous financial year ended March 31, 2023.

10. MEETINGS

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

26th May 2023	11th August 2023	29th August 2023
10th November 2023	13th February 2024

11. BOARD EVALUATION

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

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

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

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

A separate meeting of Independent Directors was held on 13th February 2024 to evaluate the performance
evaluation of the Chairman, the Non Independent Directors, the Board and flow of information from
management.

12. MANAGEMENT DISCUSSION AND ANALYSIS

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

13. VIGIL MECHANISM

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

14. REMUNERATION POLICY

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

15. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

There is no change in Directros and KMP''s During the year

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company,
Mr. Sandeep peeti (DIN- 00751377) retires by rotation at the ensuing Annual General Meeting and being
eligible, offers himself for re-appointment and

16. DIRECTOR''S RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(3) (c) of the Companies Act, 2013, and subject to disclosures
in the Annual Accounts, as also on the basis of the discussion with the Statutory Auditors of the Company
from time to time, and to the best of their knowledge and information furnished, the Board of Directors
states:

i. That in preparation of the Annual Accounts for the year ended 31st March, 2024; all the applicable
Accounting Standards Prescribed by the Institute of Chartered Accountants of India have been followed
along with proper explanation relating to material departures, if any.

ii. That the Directors have adopted such accounting policies, as selected in consultation with Statutory
Auditors, 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 the financial year ended 31st March, 2024.

iii. That 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.

iv. That the Annual Accounts for the year ended 31st March, 2024, has been prepared on a going concern
basis.

v. Those proper internal financial controls were in place and that the financial controls were adequate and
were operating effectively.

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

17. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SECTION 149

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

18. RISK MANAGEMENT

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

19. STATUTORY AUDITORS

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, M/s. MKPS & Associates, Chartered
Accountants, (Registration No. 302014E) Hyderabad, appointed as Statutory Auditors of the Company for
a period of 5 years to hold office from the conclusion of 28th Annual General Meeting till the conclusion of
33rd Annual General Meeting at such remuneration as decided by the Board. The Notes on Financial
Statements referred to in the Auditor''s Report are self-explanatory and do not call for any further comments.
There are no qualifications in the report of the statutory auditors for the year 2023-24.

20. INTERNAL AUDITORS:

The Board of Directors based on the recommendation of the Audit Committee has reappointed MKA
Associates, Chartered Accountants, Hyderabad as the Internal Auditors of your Company. The Internal
Auditors are submitting their Reports on quarterly basis pursuant to the provisions of section 138 and rule
13 of Companies (Accounts) rules, 2014.

21. RELATED PARTY TRANSACTIONS

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

The Policy on Related Party Transactions as approved by the Board is uploaded on the website of the
Company. The particulars of contracts or arrangements with related parties referred to in sub-section (1) of
Section 188 of the Companies Act, 2013 is referred in Notes to Accounts.

22. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

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

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

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

/-\

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS

AND OUTGO

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

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

C. Technology Absorption - Not Applicable

D. Foreign Exchange Earnings & Outgo: _{(Figures in Rs.)}

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

26. MANAGEMENT DISCUSSION AND ANALYSIS:

Aspects of Management Discussion and Analysis are enclosed as "Annexure-I" to this report.

27. CORPORATE GOVERNANCE:

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

28. CORPORATE SOCIAL RESPONSIBILITY

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

29. SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. P.S. Rao &
Associates, Company Secretaries to undertake the Secretarial Audit of the Company for the FY 2023-24,
is given in the FORM NO: MR - 3 is herewith annexed as "Annexure (II)" attached hereto and forms part
of this Report.

30. ANNUAL RETURN

The accordance with Section 134 (3) (a) of the Companies Act, 2013, a copy of Annual Return in the
prescribed format i.e., Form MGT -7 is placed on the website of the Company i.e., https://
peetisecuritieslimited.com.

31. PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 (12) read with Rule 5 (1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the Company is
herewith annexed as Annexure-III. In terms of Rule 5(2) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Company does not have any employee who is employed

throughout the financial year and in receipt of remuneration of 102 Lakhs or more, or employees who are
employed for part of the year and in receipt of 8.5 Lakhs or more per month.

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

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

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

33. COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND ANNUAL GENERAL
MEETINGS

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

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

No application was made or any proceedings pending under the IBC, 2016 during the year ended on 31st
March, 2024.

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

Not Applicable

36. ACKNOWLEDGEMENTS:

Your Directors place on record, their appreciation for the co-operation and support from the Bankers,
Financial institutions, the Stockiest and Distributors, Supplier, and Customers. Your Directors would also
like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State
Government Agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude
to the employees for their exceptional commitment and loyalty to the company.

BY THE ORDER OF THE BOARD
PEETI SECURITIES LIMITED

Sd/- Sd/-

SANDEEP PEETI RAJESH PITTY

Chairman & Managing Director Wholetime Director & CFO

Place: Hyderabad ^DIN: ^{00751377 DIN}: ^00488722

Date : 05.09.2024

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Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the TWENTIETH ANNUAL REPORT together with the Audited Accounts of the company for the financial year ended 31st March, 2014.

FINANCIAL HIGHLIGHTS (Rs in Lakhs)

Particulars Year ended Year ended 31.03.2014 31.03.2013

Sales 958.28 329.00

Other Income 14.73 58.13

Profit before depreciation and tax 37.28 12.34 Depreciation 5.15 4.45

Net profit before tax 32.12 7.89

Prior period adjustments 0.00 0.00

Net profit/loss before Tax 32.12 7.89

Provision for taxation

a. Current (5.92) (2.02)

b. Differed Tax (0.26) (0.18)

Profit after tax 25.94 5.69

Deficit brought forward from the previous year (17.36) (23.05)

Surplus/ (deficit) carried to balance sheet 8.58 (17.36)

OPERATIONS:

During the year under review, your company has achieved a total income of Rs. 958.28 lakhs as against previous year''s income of Rs. 329.00 Lakhs and recorded a net profit of Rs. 25.94 Lakhs for the financial year 2013-14 when compared to a net profit of Rs. 5.69 Lakhs during the previous year.

During the financial year under review even though the ongoing severe recession that the economy is witnessing in almost all the industries, power problem in the joint state of Telangana and Andhra Pradesh, frequent strike due to telangana issue and other factors beyond our control, the Company is able to achieve a good turnover as Compared to last financial year.

The Company is hopeful that this fiscal the Company will achieve good turnover as the economy will witness upward trend and good business despite of huge competition in wholesale prices and doing trading with fewer margins to sustain in the market.

DIVIDEND:

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

PARTICULARS OF EMPLOYEES:

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

DIRECTORS:

Mr. Sandeep Peeti, Managing Director of your company retires by rotation at the ensuing Annual General Meeting. Being eligible for the re-appointment, offers him for the re-appointment.

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

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

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

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

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

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

FIXED DEPOSITS:

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

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

A Statement giving details of Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo in accordance with the provisions of Section 217(1)(e) of the Companies Act, 1956, read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988, is set out in Form - ''A'' and Form - ''B'' which is enclosed as Annexure - I to this report.

MANAGEMENT DISCUSSION & ANALYSIS

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion & Analysis is set out as an Annexure-II to this report.

CORPORATE GOVERNANCE:

A separate report on Corporate Governance along with Auditor''s Certificate on its compliance is enclosed as Annexure - III to this report.

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act, 1956 for the financial year 2013-2014 from Mr. B L Chandrasekhar Sarma Practicing Company Secretary same is given in ANNEXURE-IV

AUDITORS:

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, the Statutory Auditor M/s.MKA Associates, Chartered Accountant, Hyderabad, as the Statutory Auditors of the Company to hold office from conclusion of this Annual General Meeting for a period of 3 years in accordance with the Act, subject to the ratification of shareholders at every Annual General Meeting. The Company is in receipt of confirmation from the Statutory Auditor that in the event of his re-appointment as Statutory Auditor at the ensuing Annual General Meeting, such appointment will be in accordance with the limits specified in Section 141 of the Companies Act, 2013.

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

LISTING FEE:

Your Company''s shares are listed on The BSE Limited. Your company is regular in payment of the listing fee to the BSE Limited.

ACKNOWLEDGEMENTS:

Your Directors place on record, their appreciation for the co-operation and support from the Bankers, Financial institutions, the Stockiest and distributors, supplier and customers.

Your Directors would also like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State Government agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude to the employees for their exceptional commitment and loyalty to the company.

FOR AND ON BEHALF OF THE BOARD

Sd/- Sd/- Place: Hyderabad SANDEEP PEETI RAJESH PITTY Date: 31-07-2014 Chairman & Managing Director Whole time Director

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Mar 31, 2011

The Members,

The Directors have pleasure in presenting the SEVENTEENTH ANNUAL REPORT together with the Audited Accounts of the company for the financial year ended 31st March, 2011.

FINANCIAL HIGHLIGHTS

PARTICULARS (Rs. In Lacks) (Rs. In Lacks) Year ended 31.03.2011 Year ended 31.03.2010

Sales 752.12 632.35

Other Income 0.98 2.59

Profit before depreciation and tax 18.47 7.65

Depreciation 4.43 6.86

Net profit/(Loss)before tax 14.04 0.80

Prior period adjustments (0.18) (0.15)

13.86 0.64

Provision for taxation

a. Current (2.94) (0.19)

b. Deferred Tax — —

(2.94) (0.19)

Profit/(Loss) after tax 10.91 0.45

Deficit brought forward from the previous Year (25.54) (26.00)

Surplus/(Deficit) carried to balance sheet (14.63) (25.55)

OPERATIONS:

During the year under review, your company has achieved a total income of Rs. 753.10 Lakhs as against previous year's income of Rs. 634.94 Lakhs and recorded a net profit of Rs. 14.04 Lakhs for the financial year 2010-11 Although your company projected more turnover as against the previous year's turnover, your company recorded less profit on account of huge competition in wholesale prices and doing trading with less margin to sustain in the market and your company could not increase the selling price of the finished goods due to severe recession that the economy is witnessing in almost all the industries. However things are restoring to normalcy and the industry is recovering from the depression and your company would do better in the years to come.

DIVIDEND:

Your Directors do not recommend any Dividend for the Financial year 2010-2011 as the profits are planned to be ploughed back into the business operations..

PARTICULARS OF EMPLOYEES:

None of the Employees of the Company is drawing remuneration exceeding limits prescribed U/s 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975

DIRECTORS:

Mr. Rajesh Peeti, Director of your company retires by rotation at the ensuing Annual General Meeting. Being eligible for the re-appointmem, offers himself for the re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

i). That in the preparation of Annual Accounts for the financial year ended 31st March, 2011, the applicable accounting standards have been followed along with the proper explanation relating to material departures, if any, there from;

(ii) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31st March, 2011 and of the profit and loss of the company for that period'

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

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

FIXED DEPOSITS:

Your company has neither accepted nor renewed any deposits falling within the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Depos its) Rules, 1975 from the public during the financial year.

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

A Statement giving details of Conservation of Energy. Technology Absorption, Foreign Exchange Earnings and Outgo in accordance with the provisions of Section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988. is se1 out in Form - 'A' and Form - 'B' which is enclosed as Annexure -1 to this report

MANAGEMENT DISCUSSION & ANALYSIS

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion &

CORPORATE GOVERNANCE:

A separate report on Corporate Governance along with Auditor's Certificate on its Compliance is enclosed as Annexure - III to this report.

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act 1956 for the financial year 2010-2011 from Mr. B L Chandrasekhar Sarma Practicing Company Secretary same is given in ANNEXURE—IV

AUDITORS:

M/s. MKA Associates, Chartered Accountants, the statutory auditors of the company retire at the conclusion of ensuing Annual General meeting and being eligible, offer themselves for re-appointment.

LISTING FEE:

Your Company's shares are listed on The Bombay Stock Exchange Limited. Your company is regular in payment of the listing fee to the Bombay Stock Exchange Limited.

ACKNOWLEDGEMENTS:

Your Directors place on record, their appreciation for the co-operation and support from the Bankers, Financial institutions, the Stockiest and distributors, supplier and customers Your Directors would also like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State Government agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude to the employees for their exceptional commitment and loyalty to the company.

FOR AND ON BEHALF OF THE BOARD

Sd/- Sd/- SANDEEP PEETI RAJESH PEETI Chairman & Managing Executive Director Director

Place: Hyderabad Date : 25th August 2011

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Mar 31, 2010

The Directors have pleasure in presenting the SIXTEENTH ANNUAL REPORT together with the Audited Accounts of the company for the financial year ended 31st March, 2010.

FINANCIAL HIGHLIGHTS

PARTICULARS (Rs. In Lacks) (Rs. In Lacks) Year ended 31.03.2010 Year ended 31.03.2009

Sales 632.35 396.38

Other Income 2.59 4.99

Profit before depreciation and tax 7.65 (2.64)

Depreciation 6.86 5.47

Net profit/(Loss)before tax 0.80 (8.11)

Prior period adjustments 0.15 0.13

0.64 (8.24)

Provision for taxation

a. Current (0.19) -

b. Deferred Tax - -

c. Fring Benefit Tax - (0.19) (0.54) (0.54)

Profit/Loss after tax 0.45 (8.78)

Deficit brought forward from the previous Year (26.00) (17.22)

Surplus/ (Deficit) carried to balance sheet (25.55) (26.00)

OPERATIONS:

During the year under review, your company has achieved a total income of Rs. 634.94 Lakhs as against previous years income of Rs. 401.37 Lakhs and recorded a net profit of Rs. 0.80 Lakhs for the financial year 2009-10 when compared to a net loss of Rs. 8.11 Lakhs during the previous year. Although your company projected more turnover as against the previous years turnover, your company recorded less profit on account of huge competition in wholesale prices and doing trading with less margin to sustain in the market and your company could not increase the selling price of the finished goods due to severe recession that the economy is witnessing in almost all the industries. However things are restoring to normalcy and the industry is recovering from the depression and your company would do better in the years to come.

DIVIDEND:

Your Directors do not recommend any Dividend for the Financial year 2009-2010 as the profits are planned to be ploughed back into the business operations..

PARTICULARS OF EMPLOYEES:

Pursuant to Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975, as amended, no employee of your Company is in receipt of remuneration exceeding Rs.2,00,000/- per month or Rs.24,00,000/- per annum during the financial year.

DIRECTORS:

Mr. Rajeev Peeti, Director of your company retires by rotation at the ensuing Annual General Meeting. Being eligible for the re-appointment, offers himself for the re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors of your Company hereby report:

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

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

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

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

FIXED DEPOSITS:

Your company has neither accepted nor renewed any deposits falling within the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Depos its) Rules, 1975 from the public during the financial year.

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

A Statement giving details of Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo in accordance with the provisions of Section 217(1)(e) of the Companies Act, 1956, read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988, is set out in Form - A and Form - 8 which is enclosed as Annexure -1 to this report.

MANAGEMENT DISCUSSION & ANALYSIS

Pursuant to the provision of clause 49 of the listing agreement a report on Management Discussion & Analysis is set out as an Annexure-II to this report.

CORPORATE GOVERNANCE:

A separate report on Corporate Governance along with Auditors Certificate on its compliance is enclosed as Annexure - III to this report.

COMPLIANCE CERTIFICATE

Your Company has obtained the necessary Compliance Certificate as required in terms of Section 383A read with the Companies (Compliance Certificate) Rules 2001 of the Companies Act, 1956 for the financial year 2009-2010 from Mr. B L Chandrasekhar Sarma Practicing Company Secretary same is given in ANNEXURE - IV

AUDITORS:

M/s. MKA Assbciates, Chartered Accountants, the statutory auditors of the company retire at the conclusion of ensuing Annual General meeting and being eligible, offer themselves for re-appointment.

REVOCATION OF SUSPENSION

Our Board of Directors with immense pleasure informs to the share holders that the trading in the Equity Shares of the Company is allowed in the Bombay Stock Exchange. The Company script is revoked from suspension from Bombay Stock Exchange Limited.

LISTING FEE:

Your Companys shares are listed on The Bombay Stock Exchange Limited. Your company is regular in payment of the listing fee to the Bombay Stock Exchange Limited.

ACKNOWLEDGEMENTS:

Your Directors place on record, their appreciation for the co-operation and support from the Bankers, Financial institutions, the Stockiest and distributors, supplier and customers.

Your Directors would also like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State Government agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude to the employees for their exceptional commitment and loyalty to the company.

FOR AND ON BEHALF OF THE BOARD Sd/-

Place: Hyderabad SANDEEP PEETI

Date : 01st August 2010 Chairman & Managing Director