Directors Report of Sterling Webnet Ltd.

Mar 31, 2013

The Directors here by present the 18th Annual Report on business and operations of the Company together with the Audited statements of Accounts for the financial year ended on 31st March 2013.

FINANCIAL PERFORMANCE:

Key aspects of Company'' financial performance for the year 2012-13 is tabulated below:

[Amount in Rupees]

Particular 2012-13 2011-12

Total Income (120000) 3285977

Total Expenditure 327847 3059692

Profit/(Loss) Before Extraordinary items and Taxation (447847) 226285

Extraordinary items Nil Nil

Profit/(Loss) before Tax (PBT) (447847) 226285

Less: Current Tax and Differed Tax inc. Provision written off Nil (70424)

Net Profit/(Loss) after Tax for the year (447847) 155861

REVIEW OF OPERATIONS:

During the year under review due to sluggish market condition and financial crisis company faces huge set back. So company unable to generate targeted revenue from the operation the Company hence total Income was stood at Rs. 120000/- and has made net loss of Rs. 447847/- for the year ended 31st March, 2013. The management has taken measures as part of its continuous improvements to strengthen operations and viability.

DIVIDEND:

Your Directors have not declared any dividend during the year under review.

FIXED DEPOSIT:

The Company has not accepted any deposit from the public pursuant to the provisions of Section 58A of the Companies Act, 1956.

CHANGE IN BOARD OF DIRECTORS:

MR. ANIL CHANDULAL MISTRY, Director of the Company is retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for reappointment.

CHANGE OF NAME

The name of the Company has been changed to STERLING WEBNET LIMITED in terms of Certificate dated Fourth day of March Two Thousand Thirteen issued by the Registrar of Companies pursuant to approval of the shareholders in Extra Ordinary General Meeting (EOGM) held on 25th day of August 2013. The name of the company was changed from SAARC NET LIMITED to STERLING WEBNET LIMITED.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis forms part of the Annual Report to the shareholders and it includes discussion on matters as required under the provisions of Clause 49 of the listing agreement forming part of this report is annexed herewith. The Audit Committee of the Company has regularly reviewed internal Control System of the company.

CORPORATE GOVERNANCE REPORT:

Your Company has complied with the requirements of Clause 49 of the Listing Agreement on Corporate Governance. Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, Report on Corporate Governance along with the Auditors'' Certificate on its compliance is annexed separately to this Annual Report.

AUDITORS AND AUDITORS'' REPORT:

M/s. Y. D. & Co., Chartered Accountants, Ludhiana, Statutory Auditors of the Company and to hold office until the conclusion of the ensuing Annual General Meeting and are eligible for reappointment.

The observations made by the Auditors'' in their Auditors'' Report and the Notes on Accounts referred to in the Auditors'' Report are self-explanatory and do not call for any further comments.

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

The details of conservation of energy, technology absorption etc. as required to be given under Section 217(1)(e) of the Companies Act 1956, are not applicable to our Company, as our Company has not engage in manufacturing activities.

The foreign exchange earning on account of the operation of the Company during the year was Rs. Nil.

PARTICULARS OF EMPLOYEES:

The statement showing particulars of employees under section 217(2A) of the Companies Act, 1956, read with the companies (Particulars of Employees) Rules, 1975, as amended, is not required to be given as there were no employees coming within the purview of this section.

DIRECTORS'' RESPONSIBILITY STATEMENT:

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

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates 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 or loss of the Company for that period;

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;

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

ACKNOWLEDGEMENT:

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the Banks, Government Authorities, Customers, and Shareholders during the year. Your directors also wish to take on record their deep sense of appreciation for the committed services of the employees at all levels, which has made our Company successful in the business.

For and on Behalf of the Board

For, STERLING WEBNET LIMITED

PLACE: DELHI

DATE: 31.08.2013

(ANIL CHANDULAL MISTRY)

CHAIRMAN

---

Mar 31, 2012

Dear Shareholders,

The Directors here by present the 17th Annual Report on business and operations of the Company together with the Audited statements of Accounts for the financial year ended on 31st March 2012.

FINANCIAL PERFORMANCE:

Key aspects of Company'' financial performance for the year 2011-12 is tabulated below:

[Amount in Rupees]

Particular 2011-12 2010-11

Total Income 3285977 89613041

Total Expenditure 3059692 90063103

Profit/(Loss) Before Extraordinary items and Taxation 226285 (450062)

Extraordinary items Nil Nil

Profit/(Loss) before Tax (PBT) 226285 (450062)

Less: Current Tax and Differed Tax inc. Provision written off (70424) 504615

Net Profit/(Loss) after Tax for the year 155861 54553

REVIEW OF OPERATIONS:

During the year under review due to sluggish market condition and financial crisis company faces huge set back. So company unable to generate targeted revenue from the operation the Company hence total Income was stood at Rs. 3285977/- and has made net profit of Rs. 1,55,861/- for the year ended 31st March, 2012. The management has taken measures as part of its continuous improvements to strengthen operations and viability.

DIVIDEND:

Your Directors have not declared any dividend during the year under review due to inappropriate revenue.

FIXED DEPOSIT:

The Company has not accepted any deposit from the public pursuant to the provisions of Section 58A of the Companies Act, 1956.

CHANGE IN BOARD OF DIRECTORS:

MR VINOD PORWAL and MR MAHENDRA ATAMARAMBHAI SOLANKI, Directors of the Company are retires by rotation at the ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis forms part of the Annual Report to the shareholders and it includes discussion on matters as required under the provisions of Clause 49 of the listing agreement forming part of this report is annexed herewith. The Audit Committee of the Company has regularly reviewed internal Control System of the company.

CORPORATE GOVERNANCE REPORT:

Your Company has complied with the requirements of Clause 49 of the Listing Agreement on Corporate Governance. Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, Report on Corporate Governance along with the Auditors'' Certificate on its compliance is annexed separately to this Annual Report.

AUDITORS AND AUDITORS'' REPORT:

M/s. Y. D. & Co., Chartered Accountants, Ludhiana, Statutory Auditors of the Company, hold office until the conclusion of the ensuing Annual General Meeting and are eligible for reappointment.

The observations made by the Auditors'' in their Auditors'' Report and the Notes on Accounts referred to in the Auditors'' Report are self-explanatory and do not call for any further comments.

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

The details of conservation of energy, technology absorption etc. as required to be given under Section 217(1)(e) of the Companies Act 1956, are not applicable to our Company, as our Company has not engage in manufacturing activities.

The foreign exchange earning on account of the operation of the Company during the year was Rs. Nil.

PARTICULARS OF EMPLOYEES:

The statement showing particulars of employees under section 217(2A) of the Companies Act, 1956, read with the companies (Particulars of Employees) Rules, 1975, as amended, is not required to be given as there were no employees coming within the purview of this section.

DIRECTORS'' RESPONSIBILITY STATEMENT:

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

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates 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 or loss of the Company for that period;

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;

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

ACKNOWLEDGEMENT:

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the Banks, Government Authorities, Customers, and Shareholders during the year. Your directors also wish to take on record their deep sense of appreciation for the committed services of the employees at all levels, which has made our Company successful in the business.

For and on Behalf of the Board

For, SAARC NET LIMITED

PLACE: DELHI

DATE: 01.09.2012 (ANIL CHANDULAL MISTRY)

CHAIRMAN

---

Mar 31, 2011

Dear Members,

The Directors have pleasure in presenting the Sixteenth Annual Report together with the Audited Accounts of the Company for the period ended 31st March, 2011

FINANCIAL RESULTS:

Your Directors are pleased to report that during the year under review that the Company has achieved an Income of Rs.896.13 Lacs, in compare to previous year Rs.48.02 Lakhs despite the adverse market conditions your company could able to reduce it's Losses from 28.51 lacs to 4.50 Lacs after depreciation & tax. The financial results are as under:

(Rupees in lacs)

Particulars 2010-2011 2009-2010

Income 896.13 48.02

Expenditure 899.44 7.46

Profit (Loss) before Tax (4.50) (28.51)

Provision for Tax (Net) 5.05 (0.24)

Profit (loss) after Tax 00.55 (28.27)

DIRECTOR'S

During the year under review, Mr. Vinod Porwal, Mr.Anil Chandulal Mistry, & Mr.Mahendra Atmarambhai Solanki, were appointed as an Additional Directors Mr. Sagar Jain was appointed as Whole Time director, Mr. Sunil Bhandari was appointed as Additional director and resigned and Mr. A R Mishra Mr. Munish Tyagi resigned.

DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to Provisions of Section 217(2AA) of the Companies Act, 1956 with respect of Director's Responsibility Statement, the Directors confirm:

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that 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 or loss of the Company for that period;

c) that they 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;

d) That they have prepared the annual accounts on a going concern basis.

DIVIDEND

During the year under review, your directors do not recommend any dividend on the equity share capital of the company.

DEPOSITS

During the year under review, the company has neither made any offer to the Public for any fixed deposits nor accepted them in terms of Section 58A of the Companies Act, 1956.

AUDITORS

The Present Auditors M/s MANV & Associates Chartered Accountant, New Delhi the retiring auditors at the ensuing Annual General Meeting being eligible to offer themselves for reappointment as Statutory Auditors of the Company from the conclusion of this Annual General Meeting to the conclusion of next Annual General Meeting on a remuneration as may be fixed by board of directors of company in consultation with Auditors.

The company has received a Special Notice Signifying his intention to propose the appointment of Y.D & Co. Chartered Accountants New Delhi in place of retaiting Auditors.

LISTING OF SECURITIES

Your Company's shares are currently listed Bombay Stock Exchanges, Mumbai.

CORPORATE GOVERNANCE

Corporate Governance philosophy of the Company is based on the principles of equity, fairness, transparency, sprit and honest communication. Company believes that sound Corporate Governance is necessary to retain stakeholders trust and ensure effective working and proper conduct of business of the company with integrity.

Your Company is committed to achieve the best standards of corporate governance; to achieve this Company is striving to adopt best practices in corporate governance. Your Company is taking necessary steps to implement and comply with the recommendations of the code of Corporate Governance Clause 49 of the listing agreement with stock exchange is attached to the report as 'Annexure - I'

MANAGEMENT DISCUSSION ANALYSIS

Indian economy has demonstrated remarkable resilience in countering the global financial Crises. Although the impact was felt on some critical indicators, such as declining GDP Growth and shrinking global trades the recovery was better than expectations. The Information Technology is also it ushered in glimpses of recovery, while the second half of the year brought in growth; we have focus on innovations around emerging technologies.

Information Technology has to become a US$ 225 billion industry by 2020, the Indian information technology (IT) industry has played a key role in putting India on the global map. In addition to fuelling India's economy, this industry is also positively influencing the lives of its people through an active direct and indirect contribution to various socio-economic parameters such as employment, standard of living and diversity. The industry has played a significant role in transforming India's image from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global player in providing world class technology solutions and business services.

The workforce in Indian IT industry will touch 30 million by 2020 and this sunrise industry is expected to continue its growth, expect various industry experts. Strong economic growth, rapid advancement in technology infrastructure, increasingly competitive Indian organizations, enhanced focus by the government and emergence of business models that help provide IT to new customer segments are the key drivers for increased technology adoption in India.

India is a preferred destination for companies looking to offshore their IT and back-office functions. It also retains its low-cost advantage and is a financially attractive location when viewed in combination with the business environment it offers and the availability of skilled people. we are expecting very excellent business

INDUSTRIAL RELATIONS

Your directors are pleased to report that the industrial relations have been extremely cordial with banks, creditors & all level of employees through out the year.

PARTICULARS OF EMPLOYEES

Information in accordance with section 217(2A) of the Companies' Act, 1956 read with the Companies (Particulars of Employees) Rules 1975,as amended as regards the particulars of employees drawing remunerations of Rs 60 Lacs Per Annum or Rs 5 Lacs per month and above is NIL.

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

Information in accordance with Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988,as amended , Companies Conservation of Energy and Technology Absorption is NIL

The Foreign Exchange Earnings and Out Go are Rs. NIL

EXPLANATION TO ANY QUALIFICATION IN AUDITORS' REPORT

Auditors' Report are self explanatory and do not call for any further clarifications.

ACKNOWLEDGEMENT

The Board acknowledges with gratitude the co-operation received from various agencies the Banks, Financial Institutions, and Valued Customers, and Shareholder. Your Directors also place on record their sincere appreciation for the dedicated services rendered by the Employees at all levels.

By order of the Board

For SAARC NET LIMITED

Sd/- Sd/-

Vinod Porwal Sagar Jain Director Whole Time Director

Place : Delhi Date : 26-08-2011

---

Mar 31, 2010

The Directors have pleasure in presenting the 15th Annual Report together with the Audited Accounts of the Company for the period ended 31st March, 2010

FINANCIAL RESULTS:

Your Directors are pleased to report that during the year under review that the Company has achieved an Income of Rs.480.21 lakhs, in compare to previous year Rs. 458.24 lakhs.

The financial results are as under:

(Rupees in lacs)

Particulars 2009-2010 2008-2009

Income 480.21 458.24

Expenditure 765.34 540.13

Profit Before Tax (Loss) 285.13 (81.89)

Provision for Tax (Loss) (0.24) (0.48)

Net Profit (28.72) (81.41)

DIRECTORS

During the year under review, Mr. Govind Sharda has resigned from the office of Managing Director and Mr. Sagar Jain appointed as Whole Time director of the company .Mr. Mohan Thaburaj, Mr.Munish Tyagi and Mr. Jawahar Gupta resigned and Mr. Sagar Jain and Mr. Sunil Bhandari were appointed as an Additional Directors Mr. Sudhakar Senapaty was appointed as an Additional director and resigned as Director of the Company.

DIRECTORSRESPONSIBILITY STATEMENT

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

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that 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 or loss of the Company for that period;

c) that they 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;

d) That they have prepared the annual accounts on a going concern basis.

DIVIDEND

During the year under review, your directors have not recommended any dividend on the equity share capital of the company.

DEPOSITS

During the year under review, the Company has neither made any offer to the Public for any fixed deposits nor accepted them in terms of Section 58A of the Companies Act, 1956.

AUDITORS

The present auditors M/s MANV & Associates Chartered Accountants New Delhi (Previously known as Jain Vijay & Associates) Chartered Accountants, New Delhi are retiring at the ensuing Annual General Meeting being eligible for reappointment and offer themselves as statutory Auditors of the company from the conclusion of this Annual General Meeting to the Conclusion of Next Annual General Meeting on a remuneration as may be fixed by board of directors of the company in consultation with auditors.

LISTING OF COMPANYS SECURITIES

Your Companys shares are currently listed at Bombay Stock Exchanges.

CORPORATE GOVERNANCE

Your Company is committed to achieve the best standards of corporate governance. To achieve this, your Company is striving to adopt best practices in corporate governance. Your Company is taking necessary steps to implement and comply with the recommendations of the code of Corporate Governance Clause 49 of the listing agreement with stock exchange

Management Discussions & Analysis

Company Overview

In the Statement of Management Discussion and Analysis of Financial conditions and results of operation describing the companys objectives, expectations or predictions may be forward looking within the meaning of applicable securities laws and regulations. The financial statement have prepared in compliances with the requirement of the Companies Act, 1956 and Generally Accepted Accounting Principals (GAAP) in India. Our management accepts responsibility for the integrity and objectivity of these financial statements, as well as for various estimates and judgments used therein. The financial statements have been made on a prudent and reasonable basis, in order to that the financial statement reflect in a true and fair manner from and substance of transaction, and reasonably present our state of affairs, profits and cash flows for the year.

I.T. SECTOR

The Economic Value of IT depends greatly on the levels of economic process a nation has already achieved. IT has the potential to make existing processes more effective and efficient, but cannot substitute for lack of business Infrastructure. These Ventures have the potential to uplift the large section of the population. The IT. Sector in itself would offer relatively modest employment opportunities for Indias Teeming populations even if India was to become the worlds software factory.

Future Plans

Apart from the above the Management has decided to diversify in the area of Cylinder Manufacturing for oxygen and Compressed Natural Gas

INDUSTRIAL RELATIONS

Your directors are pleased to report that the industrial relations have been extremely cordial at all levels through out the year.

PERSONNEL

Information in accordance with section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975,as amended as regards the particulars of employees drawing remunerations of Rs 24 Lacs or Rs 2 Lacs per month and above is NIL.

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

Information in accordance with Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988,as amended , Companies Conservation of Energy and Technology Absorption is NIL

The Foreign Exchange Earnings and Out Go are as NIL:

EXPLANATION TO ANY QUALIFICATION IN AUDITORS REPORT

Auditors Report is self explanatory and do not call for any further clarifications.

ACKNOWLEDGEMENT

The Board acknowledge with gratitude the co-operation received from various agencies the Banks, Financial Institutions, and Valued Customers , and Shareholder Your Directors also place on record their sincere appreciation for the dedicated services rendered by the Employees at all levels.

By order of the Board

For SAARC NET LIMITED

Sd/- Sd/-

Place : Delhi Govind Sharda Sagar Jain

Date : 31-08-2010 Director Whole Time Director

---

Mar 31, 2009

The Directors have pleasure in presenting the 14TH Annual Report together with the Audited Accounts of the Company for the period ended 31st March, 2009.

FINANCIAL RESULTS:

Your Directors wish to report that company has achieved a turnover of Rs 458 lacs only in compare to previous turnover of Rs 2807.25 lacs and incurred a loss of Rs 81.41 lacs in compare to previous profit of rs 6.42 lacs. The decline in turnover & profit in mainly due to company decided to curtail the loss making business viz. Textile & computer software and initiate other business avenues. However the impact of the same will give positive results in coming years.

The financial results are as under:

(Rupees in lacs)

Particulars 2008-2009 2007-2008

Income 458.24 2807.25

Expenditure 540.13 2794.93

Profit Before Tax (81.89) 12.32

Provision for Tax (0.48) 5.90

Net Profit (81.41) 6.42

DIRECTORS

During the year under review, Mr. Munish Tyagi retires by rotation as director of the Company.

DIRECTORS RESPONSIBILITY STATEMENT

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

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that 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 or loss of the Company for that period;

c) that they 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;

d) That they have prepared the annual accounts on a going concern basis.

DIVIDEND

During the year under review, your Directors have not recommended any dividend on the Equity Share Capital of the Company.

DEPOSITS

During the year under review, the Company has neither made any offer to the Public for any fixed deposits nor accepted them in terms of Section 58A of the Companies Act, 1956.

AUDITORS

The present auditors M/s Jain Vijay & Associates, Chartered Accountants, retires by conclusion of the 14th Annual General Meeting, being eligible to offer himself for reappointment as statutory Auditors of the company.

LISTING OF COMPANYS SECURITIES

Your Companys shares are currently listed at Bombay Stock Exchanges.

CORPORATE GOVERNANCE

Your Company is committed to achieve the best standards of corporate governance, to achieve this; your Company is striving to adopt best practices in corporate governance. Your Company is taking necessary steps to implement and comply with the recommendations of the code of Corporate Governance Clause 49 of the listing agreement with stock exchange is attached to the report as Annexure - I.

MANAGEMENT DISCUSSIONS & ANALYSIS

This is separately given in the Annual Report.

INDUSTRIAL RELATIONS

Your directors are pleased to report that the industrial relations have been extremely cordial with banks, creditors & all level of employees through out the year.

PERSONNEL

Information in accordance with section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975,as amended as regards the particulars of employees drawing remunerations of Rs 24 Lacs or Rs 2 Lacs per month and above is NIL.

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

Information in accordance with Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988, as amended, Companies Conservation of Energy and Technology Absorption is NIL.

The Foreign Exchange Earnings and Out Go are as under:

Foreign exchange earning of Rs. NIL

Foreign exchange outgo of Rs. NIL

EXPLANATION TO ANY QUALIFICATION IN AUDITORS REPORT

Auditors Report are self explanatory and do not call for any further clarifications.

ACKNOWLEDGEMENT

The Board acknowledge with gratitude the co-operation received from various agencies the Banks, Financial Institutions, and Valued Customers , and Shareholder Your Directors also place on record their sincere appreciation for the dedicated services rendered by the Employees at all levels.

By order of the Board For SAARC NET LIMITED

Sd/- Sd/- Sd/-

Place : Delhi Govind Sharda Jawahar Gupta A. R. Mishra

Date : 31-08-2009 Managing Director Director Director