To, The Members of Hazoor Multi Projects Limited,
 
 The Directors have pleasure in presenting their Twentieth Annual
 Report of the company together with the Audited statement of Accounts
 for the year ended March 31, 2012.
 
 FINANCIAL RESULTS:
 
 The salient features of the Company''s standalone and consolidated
 financial results for the year under review are as follows:
 
                                               (Rs. In Lacs) 
 
                               STANDALONE          CONSOLIDATED
                      31.03.2012   31.03.2011 31.03.2012  31.03.2011
 
 Income from 
 Operations              NIL           NIL       174.52       NIL
 
 Other Income           0.05         91.15         3.53      00.82
 
 Total Income           0.05         91.15       178.05      00.82
 
 Profit / 
 (Loss) (before       (20.14)        58.04        (0.65)   (153.39)
 
 Interest, 
 depreciation and 
 tax
 
 Less: Interest 
 and Finance            0.96          0.64         0.98       0.64
 Charges
 
 Less: Depreciation    17.39          8.92        17.39       9.18
 
 Profit/(Loss) 
 before tax           (38.50)        48.48       (19.02)   (163.21)
 
 Less: Tax Expenses    36.55          9.05        36.55       9.05
 
 Profit / 
 (Loss) after tax     (75.05)        39.42       (55.57)   (172.27)
 
 Share oj Profit from                  NIL                     NIL
 
 Associates
 Profit / (Loss) for 
 the year             (75.05)         39.2       (55.57)   (172.27)
 
 Paid Up 
 Equity Share        1015.00      1,015.00     1,015.00   1,015.00
 
 Capital
 
 APPROPRIATION:
 
 In order to conserve resources for future growth, your Directors do not
 recommend any dividend for the year under review.
 
 Annual Report 2011-2012 ridiuui mum riujccii Liuiiicu
 
 PERFORMANCE REVIEW:
 
 During the year under review, the total income of your company was
 higher at Rs.0.45 Lacs as against Rs. 91.15 Lacs in the previous year.
 The company has made Standalone operating loss before interest,
 depreciation and tax ofRs. 20.14 lacs against operating profit ofRs.
 58.04 lacs in the previous year.
 
 The consolidated revenue of the company was Rs. 178.05 lacs as against
 Rs. 00.82 lacs in the previous year. The Consolidated Operating loss
 before interest, depreciation and tax is Rs. 0.65 lacs in the current
 year as against the operating loss of Rs.153.39 lacs in the previous
 year. The Consolidated Net loss was Rs.55.57 lacs as against Rs. 172.27
 lacs in the previous year.
 
 CHANGES IN SHARE CAPITAL:
 
 During the year, Company has not made any allotment of Equity or
 preference Shares.
 
 AUDITORS REPORT:
 
 The observations made by the Auditors in their Report are Self
 Explanatory and need no
 
 further elaboration u/s 217(3) of the Companies Act, 1956.
 
 CONSOLIDATED ACCOUNTS:
 
 In accordance with Accounting Standard AS-21 & AS-27 prescribed by the
 Institute of
 
 Chartered Accountants of India, the Consolidated Accounts of the
 Company and its
 
 Subsidiaries and Joint Ventures along with Auditors Report thereon is
 annexed to this report.
 
 FIXED DEPOSITS:
 
 Your company has not invited or renewed deposits from the public/
 shareholders in
 
 accordance with Section 58 A of the Companies Act, 1956.
 
 MANAGEMENT DISCUSSION AND ANALYSIS (MD&A)
 
 The details of the operations and future outlook of the Company are
 given in the MD& A
 
 as per Annexure I
 
 CORPORATE GOVERNANCE:
 
 Your Company attaches considerable significance to good Corporate
 Governance as an important step towards building investor confidence,
 improve investors'' protection and maximize long term shareholder value.
 Pursuant to Clause 49 of the Listing Agreements with the Stock
 Exchanges, a compliance report on Corporate Governance has been annexed
 hereto as Annexure II. A certificate from the practicing Company
 Secretary confirming compliance with the conditions of the Clause 49 of
 the Listing Agreement(s) is also attached.
 
 The Company is in compliance with the requirements and disclosures that
 have to be made in this regard. The Auditors'' Certificate on compliance
 with Corporate Governance requirements by the Company forms part of the
 said report. In terms of sub-clause (v) of Clause 49 of the Listing
 Agreement, a certificate from CEO/CFO, inter alia, confirming the
 correctness of the financial statements, adequacy of internal control
 measures and
 
 Annual Report 2011-2012 2
 
 reporting of matters to the Audit and Compliance Committee in terms of
 the said Clause, is also enclosed as a part of the said Report.
 
 SUBSIDIARIES: 
 
 During the year under review, Hazoor Aambey Valley Developers Private
 Limited (100%) and Hazoor Township Developers Private Limited (55%j
 Subsidiary Companies are non- material, non-listed subsidiary companies
 as defined under Clause 49 of the Listing • Agreement entered into with
 the Stock Exchanges. A statement pursuant to Section 212 of the
 Companies Act, 1956 relating to Subsidiary Companies is attached to the
 accounts.
 
 Pursuant to the provision of Section 212(8) of the Companies Act, 1956,
 the Ministry of Corporate Affairs vide its General Circular No: 2/2011
 dated 8th February, 2011 has granted general exemption from attaching
 the Balance Sheet, Profit & Loss Account, Report of the Board of
 Directors and the Report of the Auditors of the Subsidiary Companies
 with the Balance Sheet of the Company. A statement containing brief
 financial details of the company''s subsidiaries for the financial year
 ended March 31, 2012 is included in the Annual Report. Annual Accounts
 of the subsidiary companies and the related detailed information will
 be made available to the members for inspection at its registered
 office. The company shall furnish a copy of details of annual accounts
 of subsidiaries to any member on demand.
 
 JOINT VENTURE:
 
 The Company''s subsidiary Hazoor Township Developers (HTD) is developing
 a Real estate housing project under a Joint Venture (A.O.P.) viz.
 HAZOOR HOMES in the mid of City, near Sinhagad Road, Pune. The
 Housing Project will be comprising of affordable apartments and
 convenient shopping catering to middle income group and it is at a
 initial stage of implementation.
 
 DIRECTORS:
 
 As per the Articles of Association of the company, Mr. Ashish Garg and
 Mr. V. I. Gary retire by rotation at this Annual General Meeting and
 being eligible are proposed to be re-appointed. Profiles of these
 Directors, as required by Clause 49 of the Listing Agreements are given
 in the Section on ''Corporate Governance''.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Pursuant to Section 217 (2AA) of the Companies Act 1956, it is hereby
 confirmed:
 
 i) that in the preparation of the Annual accounts, the applicable
 accounting standards have been followed and there has been no material
 departure;
 
 ii) that the selected accounting policies were applied consistently and
 the Directors made judgments and estimate that are reasonable and
 prudent so as to give a true and fair view of the state of affairs of
 the company as at 31 March, 2012 and of the profit or loss of the
 company for the year ended on that day;
 
 Hi) that proper and sufficient care has been taken for the maintenance
 of the adequate accounting records in accordance with the provisions of
 the Companies Act, 1956, for safeguarding the assets of the company and
 or preventing and detecting fraud and other irregularities; and
 
 iv) that the Annual accounts have been prepared on a going concern
 basis.
 
 Hazoor Multi Projects Limited AUDITORS:
 
 M/s Ajmera Ajmera & Associates, the auditor of the company retires as
 statutory auditors at the conclusion of this Annual General Meeting and
 offers themselves for re- appointment. A certificate from them has been
 received to the effect that their re- appointment as statutory
 auditors, if made, would be within the limits prescribed u/s 224(1B) of
 the Companies Act, 1956.
 
 GENERAL SHAREHOLDER''S INFORMATION:
 
 Detailed information in this regard is provided in this section
 ''General Shareholder''
 
 Information as Annexure III.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
 EARNINGS & OUTGO:
 
 Additional information required under provision of the Section 217 (1)
 (e) of the Companies Act, 1956, with the companies (Disclosure of
 particulars in the report of Board of Directors) Rules, 1988, regarding
 a). Conservation of Energy bj. Technology Absorption is not applicable
 as the Company is not carrying out any manufacturing operations. There
 were no Foreign Exchange Earnings and outgo during the year.
 
 EMPLOYEES:
 
 The professional pool of directors continue to be the biggest asset of
 the Company. Your Company aims at creating a corporate culture that
 respects people, develops and trains them to deliver high quality
 performance and rewards talent and performance with growth
 opportunities. The Board of the Company comprises of highly qualified
 and experienced professionals from various faculties like engineering,
 finance, legal, and management. Employee relations continue to be
 cordial. During the year under review ,there was no employee employed
 throughout the financial year who was in receipt of remuneration in
 excess of the limits prescribed under section 217 (2A) of the Companies
 Act, 1956, read with companies (Particulars of Employee) Rules, 1975.
 
 GROUP:
 
 Pursuant to an intimation from the promoters, the names of the
 promoters and entities comprising ''Group as defined under the
 erstwhile Monopolies and restrictive Trade Practices (MRTP) Act, 1969
 are disclosed in the Annual Report for the purpose of the erstwhile
 SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
 1997.
 
 CORPORATE SOCIAL RESPONSIBILITY INITIATIVES (CSR):
 
 As a socially responsible organization, Hazoor Group has contributed
 not only to the economic well being of the communities it interacts
 with but has also enhanced their social well being. The Company has
 been sponsoring time and again, the spiritual discourses and meditation
 camps conducted by Gurujee Rajendraji an internationally acclaimed
 spiritual guru for the benefit of the community at large. The company
 also organizes poor feeding camps from time to time.
 
 APPRECIATION:
 
 Your Directors wish to place on record their sincere appreciation and
 thanks for the valuable co-operation and support received from the
 Registrar of Companies, Maharashtra, Regional Director, Western Region,
 Ministry of Company Affairs,
 
 Hazoor Multi Projects Limited Company''s bankers, financial
 institutions, business associates, suppliers, consultants, customers,
 contractors and shareholders at large and look forward to the same in
 greater measure in the coming years. The Directors also wish to place
 on record their appreciation of the unstained efforts and contributions
 made by the Management Team and the employees of the Company at all
 levels.
 
                                 For and on behalf of the Board
 
 Place: Mumbai                                    Paresh Sampat
 
 Date: August 31, 2012                   Non-Executive Chairman
 
                                  Hazoor Multi Projects Limited