Dear Shareholders,
 
 It gives me immense pleasure to welcome you to the 23rd Annual General
 Meeting of your Company and share my views with you on the performance
 and future outlook of the company.
 
 We have been able to achieve a turnover of Rs.151.39 Crores which is
 14.50% more than last year''s turnover and a pre-tax profit of Rs.12.51
 Crores which is marginally less than last year''s pre-tax profit as a
 result of tremendous pressure on the margins due to increase in the raw
 material cost, transportation and salary & wages. Due to the world
 economic conditions, customers are not accepting any increase in price
 and thus we have had to absorb some costs. Further the depreciation of
 Indian Rupee against the US Dollar during the month of March 2011 had
 further impacted the Other income which subsequently resulted in lower
 profit than the last Year.
 
 With a view to cater to the requirements of our esteemed clientele, we
 started to import Un-polished slabs from Saudi Arabia, which has
 prohibited the export of Granite Rough Blocks. The Company has last
 year added two more wires saws and flaming machine which will increase
 the productivity and reduce the operating costs. With the addition of
 these new equipments and new colors of granite we are optimistic of
 increasing the sales volume in the years to come and at the same time
 maintaining current fixed cost levels and fuller utilization of
 machines and equipments.
 
 For the coming year, we aim to sustain aggressive strategy of selling
 hard but at the same time maintaining lower costs in an effort to
 increase the profit margin. Our venture into new and upcoming markets
 like South America, Middle East, South Africa, East Europe and Russia
 turn out to be profitable and we hope to reap much more business in the
 coming years. We are proud to inform you that this year we have exports
 reaching over 40 different countries and in the coming year we plan to
 reach more. We at AGIL continued to grow and perform better to achieve
 awards and accolades. The Company has received Special Export Award
 from CAPEXIL for the Tenth year running.
 
 By Adapting, Innovating and Excelling in execution we intend to take
 the Company to greater days in the coming year and to achieve this we
 solicit your sincere, dedicated and continued support to make 2011-12 a
 truly rewarding year for all.
 
 As always, I continue to seek your goods wishes and support for our
 vision and goal.
 
 
 Sunil K. Arora
 New Delhi, 22.04.2011