To The Members of SUVIDHAINFRAESTATE CORPORATION LIMITED
 
 The Board of Directors present herewith the 20th Annual Report along
 with Audited Accounts and Report of the Auditors thereon for the year
 ended on 31st March 2012.
 
 FINANCIAL RESULTS
 
                                                     [Rs. In lacs]
                                       YEAR ENDED      YEAR ENDED
                                       31/03/2012      31/03/2011
 PARTICULARS                           AMT. RS.         AMT. RS.
 
 Total Income                             3.19          18.49
 
 Total
 Expenditure                             36.66          92.60
 
 Loss Before
 Tax                                    (33.47)        (74.11)
 
 Less:Provision for
 Taxation                                  Nil           Nil
 
 Less:Short Provision Of Income
 Tax                                       Nil           Nil
 
 (Loss) After Tax                       (33.47)       (74.11)
 
 Loss Brought Forward From Previous
 Year                                 (1008.14)      (934.04)
 
 balance Transferred to Balance Sheet (1041.61)     (1008.14)
 
 OPERATIONS
 
 As you are aware, your company was formed for the purpose of carrying
 out dairy business.  However, the same business incurred a lot of
 losses and therefore your directors decided to close down the said
 business. Accordingly, the company has started its first business by
 converting its existing land on which factory was situated into a
 tradeable stock.The company has put up a scheme of selling smaller
 plots of land and the response from the market is good. Your directors
 are hopeful of better results in the coming years.
 
 DIVIDEND
 
 In view of the accumulated losses, your directors do not propose
 dividend for the year 2011 -12.
 
 DEPOSITS
 
 There are no deposits which have been matured and claimed by the party
 but has remained unpaid on the Balance Sheet date.
 
 DIRECTORS
 
 Shri Kishorekumar Goswami and Shri Anupkumar Goswami, Directors of the
 company retire by rotation at the ensuing Annual General Meeting of the
 company and being eligible offers themselves for reappointment.Your
 directors commend the resolution.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND
 OUTGO
 
 The particulars relating to Conservation of Energy, Technology
 Absorption and Foreign Exchange Earning and Outgo, pursuant to Section
 217(1 )(e) of the Companies Act, 1956 are nil.
 
 EMPLOYEES
 
 There is no employee who is in receipt of remuneration exceeding the
 limits specified under the Rules pursuant to the provisions of Section
 217 (2A) of the Companies Act, 1956.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217(2AA) OF THE
 COMPANIES ACT, 1956.
 
 The Directors hereby confirm:-
 
 i) that in the preparation of the annual accounts, the applicable
 accounting standards had
 
 been followed along with proper explanation relating to material
 departures;
 
 ii) that the directors had 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 loss of the Company forthat
 period;
 
 iii) that the directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities;
 
 iv) that the directors had prepared the annual accounts on a going
 concern basis, even though the company is passing through bad times and
 has huge accumulated losses.
 
 AUDITORS
 
 M/s J.M. Parikh & Associates, Chartered Accountants, Ahmedabad hold the
 office as Auditors until the conclusion of the ensuing Annual General
 Meeting and are recommended for reappointment.  The company has
 received certificate from the said auditors to the effect that their re
 appointment. If made, would be within the prescribed limits u/s 224(1
 B) of the Companies Act, 1956. Auditors'' remarks are self explanatory.
 
 CORPORATE GOVERNANCE REPORT
 
 A separate report on corporate governance is attached herewith which
 may be considered as a part of Directors''Report.
 
 MANAGEMENT DISCUSSIONS ANDANALYSIS REPORT
 
 A separate report on Management Discussions and Analysis is attached
 herewith which may be considered as a part of Directors'' Report.
 
 ACKNOWLEDGMENTS
 
 The Board of Directors place on record their appreciation for co-
 operation received from its staff, bankers, various parties and
 authorities during the year under review.
 
                              For and on behalf of the Board 
                            of Directors SUVIDHA INFRAESTATE
                                         CORPORATION LIMITED
 
 Place: Ahmedabad                              K. K. GOSWAMI
 
 Date: 10/08/2012                                   Director