Directors Report of Tarang Projects and Consultant Ltd.

Mar 31, 2015

Dear Members,

The Directors have great pleasure to present the Annual Report together with Audited Financial Accounts for the year ended on 31st March, 2015

1. FINANCIAL HIGHLIGHTS

Rupees in Lacs

Particulars FY 2014-15 FY 2013-14

Total Income 3607.17 31.10

Less: Expenditure 3544.04 29.79

Profit/(Loss) Before Tax 63.13 1.31

2. OPERATIONS

During the year under review, the Company's performance has been very good. In the year under review, company's total revenue has been Rs.3607.17 Lacs whereas in the previous year, the total revenue of the company was Rs.31.10 Lacs.

3. DIVIDEND

Your Directors have considered it prudent not to recommend any dividend on equity shares for the year ended March 31, 2015 in order to conserve the resources for future.

4. MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT

Management's Discussion and Analysis Report for the year under review, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming part of the Annual Report.

5. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company has no Subsidiaries, Joint Ventures and Associate Companies.

6. DIRECTOR'S RESPNSIBILITY STATEMENT

Pursuant to Section 134 of the Companies Act, 2013 the Directors state that:

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

(b) Appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as at March 31, 2015 and of the profit of the Company for the year ended March 31, 2015;

(c) Proper and sufficient care has been taken 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 annual accounts have been prepared on a going concern basis;

(e) Proper internal financial controls were followed by the Company and such internal financial controls are adequate and were operating effectively;

(f) Proper systems are devised to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

7. CORPORATE GOVERNANCE

A report on Corporate Governance along with a certificate from the Auditors of the Company regarding the compliance of provisions of Corporate Governance and the Management Discussion and Analysis Report forms part of this Annual Report.

8. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

The Company has not entered into any contracts / arrangements / transactions entered during the financial year with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions.

The Policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Company's website.

9. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED

There are no material orders passed by the Regulators / Courts which would impact the going concern status of the Company and its future operations.

10. INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses in the design or operation were observed.

11. DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the Companies Act, none of the director is liable to retire by rotation at the ensuring Annual General Meeting.

During the year under review, following changes took place in the management:

NAME OF DIRECTOR DESIGNATION APPOINTMENT / DATE OF RESIGNATION APPOINTMENT/ RESIGNATION

Mr.Sandeep Kumar Gothwal NEID Appointment 12.01.2015

Mr.Samir Saxena NEID Appointment 12.01.2015 Resignation 12.03.2015

Ms.Madalsa Kanoria NEID Resignation 23.01.2015

Ms.Rekha Jalan NEID Resignation 23.01.2015

Mr.Rakesh Kumar Berry MD Appointment 09.02.2015

Mr.B.P.Singhania MD Resignation 09.02.2015

Mr.Rajesh Kumar Goel NEID Appointment 05.03.2015

Mr.Rajendra Kulkarni NEID Appointment 10.03.2015

NEID=Non Executive Independent Director and MD = Managing Director

During the year under review, Ms.Pinky Singh was appointed as Company Secretary and Compliance Officer. She resigned on July 31, 2014 and in her place Mr.B.P.Singhania was appointed as Compliance Officer of the Company. Subsequently, Ms. Sonia Jain was appointed as Company Secretary and Compliance Officer of the company by the Board on March 12, 2015.

On resignation of Mr.Rakesh Kumar Berry on May 16, 2015, Mr.Shailesh Patel is appointed as Managing Director of the Company. The Board is further strengthened by induction of Mr.Bhaumik Patel as Non Executive Non Independent Director and Ms.Sitaben Patel as Woman Non Executive Non-Independent Director on May 23, 2015 who is liable to retire by rotation. Ms.Sonia Jain resigned w.e.f. August 01, 2015. On her resignation, Mr.Shailesh Patel has been appointed as Compliance Officer of the Company.

12. DECLARATION FROM INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Act and Clause 49 of the Listing Agreement with the Stock Exchanges.

13. FORMAL ANNUAL EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out an annual performance evaluation of its own performance, the Directors individually, as well as the evaluation of the working of its Audit, Nomination & Remuneration and other Compliance Committees.

14. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company proactively keeps its Directors informed of the activities of the Company, its management and operations and provides an overall industry perspective as well as issues being faced by the industry.

The details of programmes for familiarisation of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company and related matters are put up on the website of the Company.

15. VARIOUS COMMITTEES OF THE BOARD

A) Audit Committee

The Audit Committee comprises of Four members. The Chairman of Audit Committee is Mr.Sandeep Kumar Gothwal, Independent Director. All the recommendations made by the Audit Committee were accepted by the Board.

B) Stakeholder's Relationship Committee

The Stakeholder's Relationship Committee has met regularly in the course of the year. As on March 31, 2015, approx 99% of the Company's total paid up Equity Share capital was held in Demat Form and there were no investor grievances pending with the Registrar.

C) Nomination and Remuneration Committee (NRC)

The NRC recommends to the Board the remuneration Package of Executive Directors, Key Managerial Personnel and other Employees

D) Corporate Social Responsibility (CSR)

The Company is not required to comply with CSR.

E) Risk Management Committee

There are no related party transactions during the year.

During the year, your Directors have constituted a Risk Management Committee which has been entrusted with the responsibility to assist the Board in

(a) Overseeing and approving the Company's enterprise wide risk management framework; and

(b) Overseeing that all the risks that the organization faces such as strategic, financial, credit, market, liquidity, security, property, IT, legal, regulatory, reputational and other risks have been identified and assessed and there is an adequate risk management infrastructure in place capable of addressing those risks.

16. ADOPTION OF VARIOUS POLICIES AND CODES BY THE COMPANY

A) Risk Management Policy

The Company is required to follow an orderly risk management system, as the Company is exposed to various risks which might threaten its business continuity and operations, if not identified and addressed in time.

The Company therefore follows a proactive risk management policy, aimed at protecting its employees, assets and the environment, while at the same time ensuring growth and continuity of its business. Regular updates are made available to Executive Directors and Independent Directors at Board Meetings, and in special cases on an ad-hoc basis.

B) Nomination and Remuneration Policy

The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy for selection and appointment of Directors, Key Managerial Personnel, Senior Management and their remuneration.

C) Whistle Blower Policy

The Vigil Mechanism of the Company, which also incorporates a whistle blower policy in terms of the Listing Agreement. Protected disclosures can be made by a whistle blower through an e-mail, or telephone line or a letter to the Chairman of the Audit Committee.

D) Related Party Transaction Policy

The Company has laid down a Related Party Transactions Policy. During the year under review, there were no Related Party Transactions.

E) Anti-Sexual Harassment Policy

The Company has an Anti Sexual Harassment Policy in place. During the year under review, there were no complaints in this regard.

F) Codes

Code of Conduct for Independent Directors

Code for Board and Designated Employees under Clause 49

Code of Conduct for Prevention of Insider Trading

The above Policies and Codes are adopted by the Board and is available at www.tarangprojects.com

17. MEETINGS OF THE BOARD

16 meetings of the Board of Directors were held during the year. For further details, please refer report on Corporate Governance which forms part of this Annual Report.

18. AUDITORS

M/s. R Agrawal & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limits under the Companies Act, 2013.

19. AUDITOR'S REPORT

The Auditors' Report on the financial statement for the current year is self-explanatory, therefore does not require any further explanation. The Financial Statement submitted to the exchange on May 29, 2015 had certain discrepancy as certain figures were omitted while keying in the figures in the format. However, there had been no change in the profit as at the end of the financial year ended on March 31, 2015. The Board has taken note of the omission and has corrected the same in the Balance Sheet annexed to this report.

Mr. Ramesh Chandra Bagdi & Associates was appointed as Secretarial Auditor to conduct the Secretarial Audit of the Company for the Financial Year 2014-2015 pursuant to section 204 of the Companies Act, 2013 and rules made thereunder. The Secretarial Audit Report for the FY 2014-2015, forms part of the Annual Report.

20. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

Conservation of energy and technology absorption is minimal hence does not form part of this report. Foreign exchange transactions during the year is Nil.

21. EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith.

22. PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 197 of the Companies Act, 2013 ("the Act") read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

23. LOAN, GUARANTEE, SECURITY AND INVESTMENT

The Company has not made any loan, or given guarantee, or provided security to any person, and has not made any investment that attracts the provisions of Section 186 of the Companies Act, 2013 during the Financial Year.

24. PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit under of the Companies Act, 2013 and the rules made there under.

25. LISTING

The Equity Shares of the Company is listed on Bombay Stock Exchange w.e.f. 14th May,2014. The Listing Fee for the Financial Year 2015-16 has been paid by the Company to the Exchange.

26. ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Banks and other Agencies and Shareholders resulting in improved turnover during the year under review. Your Directors further appreciate the entire work force for their efforts and teamwork.

For and on Behalf of the Board of Directors Tarang Projects & Consutant Limited

Place: Ghaziabad Shailesh B Patel Date: September 01,2015 Chairman and Managing Director (DIN 02456670)

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Mar 31, 2014

Dear Members,

The Directors have great pleasure to present the Annual Report together with Audited Financial Accounts for the year ended on 31st March, 2014

FINANCIAL HIGHLIGHTS

Particulars FY 2013-14 FY 2012-13 Amount in Rupees Amount in Rupees

Total Income 3110285 556358

Less: Expenditure 2978814 133002

Profit/(Loss) Before Tax 131471 423356

OPERATIONS

During the year under review, the Company''s performance has been progressive. The revenue of the company for the year under review has been almost five times more than previous Year. In the year under review, company''s total revenue has been Rs.31,10,285, whereas in the previous year, the total revenue of the company was Rs.5,56,358/-.

DIVIDEND

Your Directors have considered it prudent not to recommend any dividend on equity shares for the year ended March 31, 2014 in order to conserve the resources for future.

INCREASE IN CAPITAL

To augment resources for working capital, during the year under review, your Company has issued 1,39,00,000 Equity Shares to Non promoters on preferential basis. In turn the Paid up Capital of the company has increased from Rs. 50,00,000/- to Rs 14,40,00,000/-comprising of 1,44,00,000 Equity shares of Rs. 10/- each.

MANAGEMENT & ADMINISTRATION

During the year under reveiw, there has been no change in the management of the company. Ms.Pinky Singh, Company secretary and Compliance officer of the company has resigned w.e.f. June 12, 2014. Mr. B.P.Singhania was appointed as the Compliance Officer w.e.f. from June 12, 2014.

AUDITORS

M/s. D M Oza & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limits under Section 224(1-B) of the Companies Act, 1956.

AUDITOR''S REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

DIRECTOR''S RESPNSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

1. In the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

2. We 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 the affairs of the Company at the end of the financial year under review and for profit of the Company for the same period.

3. We 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;

4. Annual Accounts are prepared on a going concern basis.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CORPORATE GOVERNANCE

During the previous year Corporate Governance Report was not mandatory as the Company''s Share Capital was Rs. 50,00,000/-.

During the year under review, the Company''s Equity Share capital has increased from Rs. 50,00,000/- to Rs.14,40,00,000/-and in turn needs to comply with Clause 49 of the Listing agreement. The Company is following best practices and hence adopted all mandatory provisions of Clause 49 of the Listing agreement. A report on Corporate Governance along with a certificate from the Auditors of the Company regarding the compliance of provisions of Corporate Governance and the Management Discussion and Analysis Report forms part of this Annual Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

Conservation of energy and technology absorption is minimal hence does not form part of this report. Foreign exchange transactions during the year is Nil.

LISTING

Your Directors are pleased to inform you that the Equity Shares of the Company is now also listed on Bombay Stock Exchange w.e.f. 14th May,2014 along with U.P. Stock Exchange Limited.

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Banks and other Agencies and Shareholders resulting in improved turnover during the year under review. Your Directors further appreciate the entire work force for their efforts and teamwork.

For and On Behalf of Board of Directors

Place: Varanasi

Date: September 02, 2014 Director Director

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Mar 31, 2013

Dear Members,

The Directors have great pleasure to present their Annual Report together with Audited Financial Accounts for the year ended on 31st March, 2013

FINANCIAL HIGHLIGHTS

(In Rs.)

Particulars 2012-13 2011-12

Profit Before after Tax 423356 (3,38,108)

Less : Taxation - -

Profit After Tax 423356 (3,38,108)

Balance carried to balance sheet (2564447) (29,87,804)

OPERATIONS

During the year under report, the Company has made a profit of Rs. 423356/- as against loss of Rs. 338108/- in the previous year.

DIVIDEND

No dividend is declared or recommended by the Board of Directors of the Company during the year in view of losses.

DIRECTOR''S RESPNSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

1. In preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

2. They have selected the 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 the affairs of the Company at the end of the financial year under review and for profit of the Company for the same period.

3. 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;

4. Annual Accounts are prepared on a going concern basis.

DIRECTORS

Directors who are retiring by rotation and being offer them self for re-appointment.

AUDITORS

M/s. D M Oza & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limits under Section 224(1-B) of the Companies Act, 1956.

AUDITOR''S REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CORPORATE GOVERNANCE

Corporate Governance as per Clause 49 of the Listing Agreement is not applicable to the Company, because paid up capital of Company less than 3 crores.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the U.P. Stock Exchange Limited.

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Banks and other Agencies and Shareholders resulting in improved performance during the year under review. Your Directors further appreciate the entire work force for their efforts and teamwork.

By order of the board

For Tarang Projects & Consultant Limited

Director Director

Place: Mumbai

Date: September 07, 2013

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Mar 31, 2012

Dear Members,

The Directors have great pleasure to present their Annual Report together with Audited Financial Accounts for the year ended on 31st March, 2012

FINANCIAL HIGHLIGHTS

(In Rs.)

Particulars 2011-12 2010-11

Profit Before after Tax (3,38,108) (7,20,893)

Less : Taxation - -

Profit After Tax (3,38,108) (7,20,893)

Balance carried to balance sheet (29,87,804) (27,17,366)

OPERATIONS

During the year under report, the Company has made a loss of Rs. 3,38,108/- in the year under report as against loss of Rs. 7,20,893/- in the previous year.

DIVIDEND

No dividend is declared or recommended by the Board of Directors of the Company during the year in view of losses.

DIRECTOR''S RESPNSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

1. In preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

2. They have selected the 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 the affairs of the Company at the end of the financial year under review and for loss of the Company for the same period.

3. 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;

4. Annual Accounts are prepared on a going concern basis.

DIRECTORS

Director who are retiring by rotation and being offer theme selves for re-appointment.

AUDITORS

M/s. Agrawal Ashok & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limits under Section 224(1-B) of the Companies Act, 1956.

AUDITOR''S REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CORPORATE GOVERNANCE

Corporate Governance as per Clause 49 of the Listing Agreement is not applicable to the Company, cause paid up capital of Company less than 3 crores.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the U.P. Stock Exchange Limited.

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Banks and other Agencies and Shareholders resulting in improved performance during the year under review. Your Directors further appreciate the entire work force for their efforts and teamwork.

By order of the board

For Tarang Projects & Consultant Limited

Director Director

Place: Mumbai

Date: September 05, 2012

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Mar 31, 2011

Dear Members,

The Directors have great pleasure to present their Annual Report together with Audited Financial Accounts for the year ended on 31st March, 2011

FINANCIAL HIGHLIGHTS

(In Rs.)

Particulars 2010-11 2009-10

Profit Before after Tax (7,20,893) (30,81,276)

Less : Taxation - -

Profit After Tax (7,20,893) (30,81,276)

Balance carried to balance sheet (27,17,367) (19,28,803)

OPERATIONS

During the year under report, the Company has made a loss of Rs.7,20,893/- as against loss of Rs. 30,81,276/- in the previous year.

DIVIDEND

No dividend is declared or recommended by the Board of Directors of the Company during the year in view of losses.

DIRECTOR''S RESPNSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

1. In preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

2. They have selected the 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 the affairs of the Company at the end of the financial year under review and for loss of the Company for the same period.

3. 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;

4. Annual Accounts are prepared on a going concern basis.

DIRECTORS

Directors who are retiring by rotation and being offer theme selves for re-appointment.

AUDITORS

M/s. Agrawal Ashok & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limits under Section 224(1-B) of the Companies Act, 1956.

AUDITOR''S REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CORPORATE GOVERNANCE

Corporate Governance as per Clause 49 of the Listing Agreement is not applicable to the Company, because paid up capital of Company less than 3 crores..

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the U.P. Stock Exchange Limited.

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Banks and other Agencies and Shareholders resulting in improved performance during the year under review. Your Directors further appreciate the entire work force for their efforts and teamwork.

By order of the board

For Tarang Projects & Consultant Limited

Director Director

Place: Mumbai

Date: September 05, 2011