To The Members
 
 The Directors have great pleasure in presenting the TWENTY SECOND
 Annual Report together with the Audited Accounts of your Company for
 the Financial Year ended 31.03.2013.
 
 Members would be happy to note that your company has had a successful
 year of operation, which has resulted in an after tax profit of Rs.
 538.90 Lakhs.
 
 OPERATIONS
 
 The highlights of the Financial Results of your Company are as under:-
 
                                              For the 
                                              year ended    For the 
                                                            year ended
 Sl.  Particulars                             31.3.2013     31.3.2012
 No.                                          Rs. in Lacs   Rs. in Lacs
 
 1    Income from operations                     2115.57       1687.72
 
 2    Non-operating income                         53.64         59.68
 
 3    Total expenditure (including financial     1367.18       1111.88 
      charges and Depreciation)
 
 4    Profit before Taxes                         802.03        635.51
 
 5    Provision for deferred tax                  (16.87)       (15.84)
 
 6    Provision for current tax                   280.00        230.00
 
 7    Net Profit                                  538.90        421.35
 
 8    Dividend & tax thereon                       65.52         55.79
 
 9    Transfer to General Reserve                 200.00        200.00
 
 10   Balance carried forward to Balance Sheet    273.38        165.56
 
 11   Paid up Equity Share Capital                400.00        400.00 
 
 DIVIDEND
 
 Your Directors are pleased to recommend a dividend of 14% on the Equity
 Share Capital of the Company for the year ended March 31, 2013. The
 dividend, if approved by the Shareholders will be paid out of the
 profits of the Company for the year to all those equity shareholders
 whose names appear on the Register of Members of the Company as on
 20.06.2013, being the record date and to those whose names appear as
 beneficial owners on the records of National Securities Depository
 Limited and Central Depository Services (I) Limited as on 20.06.2013.
 
 FUTURE PROSPECTS
 
 Your Company currently enjoys 100% occupancy level. The company had
 expanded the lettable area to another 26000 sqft by modifying and
 refurbishing the erstwhile administrative block.
 
 SUBSIDIARY COMPANY
 
 The statement pursuant to Sec 212 of the Companies Act, 1956,
 containing the relevant details of the Company''s subsidiary is
 attached.
 
 COST AUDITOR
 
 Pursuant to Section 233(B)(2) of the Companies Act, 1956, the Board of
 Directors on the recommmendation of the Audit Committee, appointed
 Shri.P.Raju Iyer, a Cost Accountant, as Cost Auditor of the Company.
 
 CORPORATE GOVERNANCE
 
 Your Company follows the principles of effective Corporate Governance
 Practices. The Company has taken steps to comply with the revised
 Clause 49 of the Listing Agreement with the Stock Exchanges. A report
 on Corporate Governance is given under separate section titled
 Report on Corporate Governance and forms part of the Annual
 Report.
 
 The Management Discussion and Analysis Report also form part of the
 Annual Report.
 
 LISTING OF SHARES
 
 Your Company''s shares are listed presently in Madras Stock Exchange
 Limited and Bombay Stock Exchange Limited. Also, the Company''s shares
 are traded on the National Stock Exchange.
 
 DEMATERIALISATION OF EQUITY SHARES
 
 As on 31.03.2013, 37,40,836 numbers of equity shares are held in
 Dematerialized Form, which constitutes 93.52% of total shareholding.
 
 FIXED DEPOSITS
 
 The company has not invited and accepted Fixed Deposits from the
 public.
 
 DIRECTORS
 
 Under the provisions of the Articles of Association of the Company
 three of your Directors Thiru P.S.Kumar, Thiru R. Ganapathi and Thiru
 K. Kasim retire by rotation at the forth coming Annual General Meeting.
 All of them, being eligible, offer themselves for reappointment.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to Sec. 217(2AA) of the Companies (Amendment) Act, 2000, the
 Directors confirm:
 
 (i) that in the preparation of the annual accounts for the financial
 year ended 31st March, 2013, the applicable Accounting Standards have
 been followed and that there are no material departures;
 
 (ii) 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 of the
 company for that period.
 
 (iii) that they have taken proper and sufficient care to the best of
 their knowledge and ability for the maintenance of the 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 they have prepared the annual accounts on a going concern
 basis.
 
 AUDITORS
 
 M/s S.H. Bhandari & Co. Chartered Accountants, Chennai, the Statutory
 Auditors of the Company retire at the conclusion of this Annual General
 Meeting and have expressed their willingness to continue as auditors of
 the company for the ensuing financial year. Necessary special
 resolution has been proposed for appointing them as auditors pursuant
 to Sec 224A of the Companies Act, 1956.
 
 INDUSTRIAL RELATIONS
 
 Industrial relations, during the period under review, continued to
 remain cordial.
 
 PARTICULARS OF EMPLOYEES
 
 None of the employees of the Company were in receipt of remuneration,
 which in the aggregate exceeded the limits fixed under sub-section (2A)
 of Section 217 of the Companies Act, 1956.  CONSERVATION OF ENERGY,
 TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 As the company is not an industrial undertaking, particulars with
 regard to conservation of energy and technology absorption required to
 be given under these heads in accordance with the provisions of Section
 217(1)(e) of the Companies Act, 1956, read with the Companies
 (Disclosure of Particulars in the Report of Board of Directors) Rules,
 1988 are not applicable. 
 
 EARNINGS IN FOREIGN EXCHANGE : NIL
 
 EXPENSES INCURRED IN FOREIGN CURRENCY DURING THE YEAR : NIL
 
 ACKNOWLEDGEMENT
 
 Your Directors wish to express their sincere thanks to the Government
 of Tamil Nadu, Electronics Corporation of Tamil Nadu Ltd., State Bank
 of India, Industrial Finance Branch, Chennai and the Company''s
 customers for their support and co-operation extended to the Company.
 Your Directors also wish to place on record their appreciation for the
 good work put in by the employees of your Company.
 
                          For and on behalf of the Board of Directors,
 
 Place : Chennai                                      Atul Anand, IAS
 
 Date : 03.05.2013                                           CHAIRMAN