To The Members of Bridge Securities Limited
 
 The directors have pleasure in presenting their Seventeen Annual
 Report together with Audited Accounts for the year ended on 31st March,
 2012
 
 FINANCIAL RESULTS
 
 The financial result of the company for the year under review is
 summarized here in below for your consideration.
 
 Year ended on 31st March, 2012                    (Rs .)
 
 Total Income                                     46,37,035
 
 Total Expenditures                               72,19,356
 
 Depreciation                                        74,686
 
 Profit / (Loss) during the year                 (26,57,007)
 
 In view of brought forward losses your directors do not recommend any
 dividend.
 
 OPERATIONS:
 
 The year under review was a buoyant year for the capital markets. The
 Bombay Sock Exchange Sensitive Index touched heights, Yours directors
 put in all there possible efforts to earn as much profits as possible
 during the year, However in the closing Stages of the year the market
 was not that high as expected and due to the same profits as
 anticipated /Planned was not earned.
 
 CORPORATE GOVERNANCE
 
 A separate section on corporate governance and a certificate from the
 Auditors of the Company regarding Compliance of Conditions of Corporate
 Governance as stipulated under clause 49 of the listing agreement with
 the Stock Exchanges, form part of annual report.
 
 DIRECTORS:
 
 At the ensuing annual general meeting, Mr. Hemant P. Shah Director of
 the company will retire by rotation and being eligible, offers herself
 for reappointment.
 
 DIRECTORS RESPONSIBILITY STATEMENT:
 
 As per Section 217(2AA) of the companies Act, 1956, the Board of
 Directors report that:
 
 1) In the preparation of the annual accounts, the applicable accounting
 standards have been followed along with proper explanation relating to
 material departures;
 
 2) Appropriate accounting policies have been selected and applied
 consistently and such judgments and estimates have been made 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:
 
 3) Proper and sufficient care has been taken for maintenance of
 adequate accounting records in accordance with the provisions of the
 Act for safeguarding the assets of the company and for preventing and
 detecting fraud and other irregularities
 
 4) The annual accounts have been prepared on a going concern basis.
 
 AUDITORS:
 
 M/s. ASHVIN K YAGNIK & CO, Chartered Accountants, Ahmedabad, the
 auditors of the company retires at the annual general meeting and is
 eligible for reappointment. You are requested to appoint auditors and
 authorize the Board of Directors to fix their remuneration.
 
 STATUTORY INFORMATION:
 
 As no employee of the Company was in receipt of gross remuneration of
 Rs.2,00,000/- or more per annum during the year, provision of section
 217(2A) of the Companies Act, 1956 read with the Companies (Particulars
 of Employees) Rule 1957 are NIL.
 
 The Company (Disclosure of Particulars under Report of Directors) Rule
 1988, regarding the Conservation of energy, technology absorption is
 not applicable to the company. The Company has neither any earning nor
 any outflow of foreign exchange during the year under review.
 
 In accordance with Listing Agreement with the Sock Exchanges, It is
 hereby confirmed that the shares of the company are listed on following
 Stock Exchange and there are no arrears of listing fees:
 
 1.  Ahmedabad Stock Exchange, Ahmedabad
 
 2.  Bombay Stock Exchange, Mumbai
 
 3.  Vadodara Stock Exchange, Vadodara
 
 ACKNOWLEDGEMENT:
 
 The Board to express it sincere appreciation to all the staff members
 for their contribution to the performance of the company and to valued
 clients, bankers and shareholders for their continued support.
 
                       For and on behalf of Board of Directors 
 
 Place: Ahmedabad                        Mr. Pragnesh R. Shah
 
 Date: 14/05/2012                Chairman & Managing Director