Directors Report of Smilax Industries Ltd.

Mar 31, 2014

Dear Shareholders,

The Directors have pleasure in presenting herewith the 20th Annual Report on the business of your Company together with the Audited Accounts for the financial year ended 31st March 2014.

FINANCIAL PERFORMANCE:

During the year under review the Company could not take-up any of its activities due to economic recession particularly in the construction industry. As far as the expenditure is concerned we have spent only the minimum amount required for safeguarding the interest/assets of the Company.

PARTICULARS OF EMPLOYEES:

In pursuance of the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employee), Rules 1975, no employees was in receipt of remuneration of Rs. 60,00,000/- or more per annum or Rs. 5,00,000/- or more per month or employed for a part of the year.

DIRECTORS:

During the year under review Mr. A. Vijaya Vardhan Reddy ceased to be the Director(s) of the Company. Pursuant to provisions of Section 149 and other applicable provisions of the Companies Act, 2013 read with Rules thereon, Mr. D. Sai Satish Kumar, Mr. Penugonda T.V.M Suresh and Mr. Chandaluru Bapanaiah, Independent Directors of the Company are seeking fresh appointment for five consecutive years commencing from the ensuing Annual General Meeting.

AUDITORS:

The Statutory Auditors of the Company, M/s. P. Murali & Associates, Chartered Accountants, retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for re-appointment. The Audit Committee and the Board recommend the re-appointment of M/s P. Murali & Associates, Chartered Accountants, as Statutory Auditors of your Company.

DEPOSITS:

The Company has not accepted any deposits during the year under review.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors confirm that:

i. In preparation of annual accounts for the financial year ended 31st March, 2014 the applicable Accounting Standards have been followed;

ii. 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 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 the year;

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

iv. The Directors have prepared the annual accounts on a "going concern" basis.

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

During the period under review there are no operations which require to be disclosed under this head as per the provisions of the Companies Act, 1956.

CORPORATE GOVERNANCE:

Your Company has complied with the requirements of Clause 49 of the Listing Agreement entered with the Stock Exchanges. Report on Corporate Governance including Auditor''s Certificate on compliance with the code of Corporate Governance under Clause 49 of the listing agreement is enclosed as Annexure to this report.

MANAGEMENT DISCUSSION & ANALYSIS:

A report on the Management Discussion and Analysis for the year under review is annexed hereto and forms part of the Annual Report.

For and on behalf of the Board

Place: Nellore Sd/- Sd/- Date: 14.08.2014 DIRECTOR DIRECTOR

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Mar 31, 2013

Dear Shareholders,

The Directors have pleasure in presenting herewith the 19th Annual Report on the business of your company together with the Auditeed Accounts for the financial year ended 31st March,2013.

FINANCIAL PERFORMANCE:

During the year under review the Company could not take-up any of its activities due to economic recession particularly in the construction industry As far as the expenditure is concerned we have spent only the minimum amount required for safeguarding the interest/assets of the Company

PARTICULARS OF EMPLOYEES:

In pursuance of the provisions of section 217 (2A) of the companies Act,1956 read with the companies (particulars of Employees) Rules 1975, no employees was in receipt of remuneration Rs.60,00,000/- or more per annum or Rs,5,00,000/- or more per month or employed for a part of the year.

DIRECTORS;

Mr P. Sivamohan Reddy & Mr Chandaluru Bapanaiah Director of the Company will retire the rotation at the ensuing Annual Ganeral Meeting and being eligible offer themselves for re-appointment

PERSONNEL:

The relations between the management and the staff were very cordial throughout the Year Your Directors take m/s opportunity 10 record their appreciation for the co-operation and loyal servos rendered by the employees.

AUDITORS:

The Statutory Auditors of the Company m/s. p. Murali & Co.. Chartered Accountants. retire at the re-appointment The Audit Committee and the Board recommend the re-appointment of M/S P.Murali & Associates, chartered Accountant as statutory Auditors of your Company

DEPOSITS:

The Company has not accepted any deposits during the year

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant of Section 217(2AA) of the Companies Act. 1959 your Director confirm that:

i. In preparation of annual accounts for the- financial year ended 31st March, 2013 the applicable Accounting Standards have been followed

ii The Directors have selected such accounting policies and applied them consist and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affair of the Company at the end of the finance year ended 31st March. 2013 and if the profit and to as of the Company for the year

iii The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions or the Companies Act. 1956 for safe. arrange the assets of the Company and preventing defecting fraud and other irregularities. and loss of the company for the year.

iv The Directors have prepared the annual accounts on a ''going concern'''' basis

CORPORATE GOVERNANCE

Your Company has complied with the requirements of Clauses 49 of the Listing Agreement entered with the stock Exchanges Report on corporate Governance inducing Auditor''s Certificate on compliance with the code of Corporate Governance under Clause 49 of the listing agreement is enclosed as Annexure to this report

MANAGEMENT DISCUSSTION & ANALYSIS:

Airport on the Management Discussion and Analysis for the year under review in annexed hereto and forms part of the Annual report.

ACKNOWLEDGEMENTS

Your Directors to express their gratitude to the central and state Governments investors analysts financial institutions banks business associates and customers the medical profess on distributors and suppliers for their whole-hearted support your Director commend all the employees of your company for their continued dedication significant contributions hard work and commitment.

For and on the half of the Board

Place : Hyderabad sd/-

Date : 30.05.20 M.SRIKANTH

DIRECTOR

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Mar 31, 2010

The Directors have pleasure in presenting herewith the 16th Annual Report on the business of Your Company together with the Audited Accounts for the financial year ended 31st March, 2010.

FINANCIAL PERFORMANCE:

The Company could not take up the cultivation of prawns during the year under review. The farm remained closed for the entire year. As far as the expenditure is concerned we have spent only the minimum amount required for safeguarding the interest/assets of the Company.

PARTICULARS OF EMPLOYEES:

In pursuance of the provisions of section 217(2A) of the Companies Act, 1956 read with the Companies(Particulars of Employees) Rules 1975, the directors are to report that no employee was in receipt of remuneration of Rs.24,00,000/- or more per annum or Rs.2,00,000/- or more per month if employed for a part of the year.

DIRECTORS:

Mr. V. Raja Gopal Reddy and P. Shiva Mohan Reddy, Directors of the Company will retire by rotation at the ensuing Annual General Meeting and are eligible for re-appointment.

PERSONNEL:

The relations between the management and the staff were very cordial throughout this year. Your Directors take this opportunity to record their appreciation for the co-operation and loyal services rendered by the employees.

AUDITORS:

The Statutory Auditors of the Company, M/s. P. Murali & Associates, Chartered Accountants, retire at the conclusion of the forthcoming Annual General Meeting and are eligible for re-appointment. The Audit Committee and the Board recommend the re-appointment of M/S. P. Murali & Associates, Chartered Accountants, as Statutory Auditors of your Company.

DEPOSITS:

The Company has not accepted any deposits during the year.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 Your Directors confirm that:

i. In preparation of annual accounts for the financial year ended 31st March, 2010 the applicable Accounting Standards have been followed;

ii. 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 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 the year;

iii. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Company Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv. The Directors have prepared the annual accounts on a going concern basis.

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

During the period under review there are no operations which require to be disclosed under this head as per the provisions of the Companies Act, 1956.

CORPORATE GOVERNANCE:

Your Company has complied with the requirements of Clause 49 of the Listing Agreement entered with the Stock Exchanges. Report on Corporate Governance including Auditors Certificate on compliance with the code of Corporate Governance under Clause 49 of the listing agreement is enclosed as Annexure to this report.

MANAGEMENT DISCUSSION & ANALYSIS

The Company has not been carrying on its operations due to various regulatory reasons and exploring various opportunities to venture into new businesses.

ACKNOWLEDGEMENTS:

Your Directors wish to express their gratitude to the Central and State Governments, investors, analysts, financial institutions, banks, business associates and customers, the medical profession, distributors and suppliers for their whole-hearted support. Your Directors commend all the employees of your Company for their continued dedication, significant contributions, hard work and commitment.

for and on behalf of the Board

Sd/- A. VIJAYAVARDHAN REDDY CHAIRMAN & MANAGING DIRECTOR

Place: Hyderabad Date : 27.08.2010