To The Members of Matra Realty Limited
 
 The Directors present herewith their 26th Annual Report of your
 company together with the Audited Accounts for the year ended 31st March
 2011.
 
 FINANCIAL HIGHLIGHTS                                     (In Rupees)
 
 Particulars              For the year ended          For the year ended
 
                          31st March, 2011              31st March, 2010
  
 Income from                      -                                -
 operation
 
 Other Income                     -                              821417
 
 Expenditure                    365038                           550503
 
 Profit before
 Interest
 and Deprecation               (365038)                          270914
 
 Depreciation                   165607                           168531
 
 Less: Prior Period 
 Adjustments                      -                               35777
 
 Add: Tax adjustment
 of earlier years                 -                              424224
 
 Profit before 
 Taxation                     (530,644)                        (286,063)
 
 Provision for
 taxation                        5,291                           464672
 
 Profit/Loss 
 after Taxes                  (525,353)                        (750,735)
 
 Add: Balance 
 as per last year           (3,562,658)                      (2,811,923)
 
 Balance Carried 
 Forward to
 the Balance Sheet          (4,088,012)                      (3,562,658)
 
 DIVIDEND
 
 Looking to the heavy accumulated losses suffered by the Company, in the
 previous years, it is not possible for the Board to recommend any
 dividend for the year under review.
 
 CORPORATE GOVERNANCE
 
 A separate section titled Corporate Governance including a
 certificate from the Company Secretary in practice compliance of the
 conditions of Corporate Governance as stipulated under clause 49 of the
 Listing Agreement is annexed thereto and forms part of the Report.
 
 DIRECTORS
 
 Shri Satyajeet Mishra was appointed as Additional Director w.e.f.
 08.10.2010 in terms of Section 260 of the Companies Act, 1956. He holds
 the office as Director upto the date of the forthcoming Annual General
 Meeting. The Company has received a notice u/s 257 from a member of the
 company proposing his appointment as a Director at the forth coming
 Annual General Meeting.
 
 Shri Subhash Agrawal was appointed as Additional Director w.e.f.
 14.05.2011 in terms of Section 260 of the Companies Act, 1956. He holds
 the office as Director upto the date of the forthcoming Annual General
 Meeting. The
 
 Company has received a notice u/s 257 from a member of the company
 proposing  his appointment as a Director at
 the forth coming Annual General Meeting.
 
 Smt Sarita Agrawal was appointed as Additional Director w.e.f. 14.05.2011 
 in terms of Section 260 of the Companies Act, 1956. She holds the office
 as Director upto the date of the forthcoming Annual General Meeting.
 The Company has received a notice u/s 257 from a member of the company
 proposing her appointment as a Director at the forth coming Annual
 General Meeting.
 
 Shri Ravi Kumar Jain was appointed as Additional Director w.e.f.
 30.06.2011 in terms of Section 260 of the Companies Act, 1956. He holds
 the office as Director upto the date of the forthcoming Annual General
 Meeting. The Company has received a notice u/s 257 from a member of the
 company proposing his appointment as a Director at the forth coming
 Annual General Meeting.
 
 Shri Santosh Kumar Pandey resigned as the Director of the company
 w.e.f. 08/10/2010.
 
 Shri Vishram Sawant, Vljaykumar Gopala Pillai and Shri Renjith Kurup
 resigned as Director of the Company w.e.f.  14.02.2011.
 
 Shri Nadeem Mohammed sheikh resigned as the Director of the company
 w.e.f. 31 /10/2011.
 
 ShriAnupam Sanghvi and Shri Suneet Gandhi were appointed as Additional
 Director w.e.f. 14.02.2011 in terms of Section 260 of the Companies
 Act, 1956and resigned as Director of the Company w.e.f. 05.12.2011.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 In accordance with the provisions of section of 217(2AA) of the
 Companies Act, 1956, your directors state that:
 
 a) In the preparation of accounts, the applicable accounting standards
 have been followed.
 
 b) Accounting policies selected were applied consistently. Reasonable
 and prudent judgments and estimates were made so as to give a true and
 fair view of the state of affairs of the company as at the end of March 31,
 2011 and the profit of the company for the year ended on that date.
 
 c) Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of
 Companies Act, 1956 for safeguarding the assets of the company and for
 preventing and detecting frauds and other irregularities.
 
 d) The accounts have been prepared on a going concern basis.
 
 PARTICULARS OF THE EMPLOYEES
 
 As required under section 217(2A) of the Companies Act, 1956 read with
 the Companies (Particulars of the Employees) Rules 1975, are not
 applicable since, none of the employee of the company is drawing more
 than Rs.  60,00,000/- p.a. or Rs.5,00,000/- p.m. for the part of the
 year, during the year under review.
 
 AUDITORS AND THEIR REPORT
 
 Comments of the Auditors in their report and the notes forming part of
 the accounts are self-explanatory and need no comments. M/s Tushar
 Parekh, Chartered Accountants, the Statutory Auditors has to vacate
 their office at the conclusion of the ensuing Annual General Meeting
 and are eligible for re-appointment. The Company has received a
 certificate from the Auditors to the effect that their re-appointment,
 if made, would be in accordance with the provisions of section 224(1)
 of the Companies Act, 1956.
 
 LISTING
 
 The Equity Shares of the company are listed on Bombay Stock Exchange
 Limited. The Company has paid the applicable listing fee to BSE
 up-to-date.
 
 PUBLIC DEPOSITS
 
 Your Company has not accepted any public deposit within the meaning of
 provisions of section 58A of the Companies Act, 1956 read with the
 Companies (Acceptance of Deposit) Rules, 1975 and there is no
 outstanding deposit due for re-payment.
 
 CONSERVATION OF ENERGY, TECHNOLOGYABSORPDON, AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO
 
 During the period under review the Company has not carried out any
 manufacturing activities, the requirements pertaining to conservation
 of energy, research and development and technology absorption, as
 prescribed under the Companies (Disclosure of Particulars in the Report
 of the Board of Directors) Rules, 1988 are not applicable.
 
 There were no foreign exchange earnings and outgo during the year.
 
 MANAGEMENT DISCUSSION AND ANALYSIS REPORT
 
 Business Outlook
 
 The Company is currently engaged in real estate activity and is looking
 for new avenues of Business in various areas like trading in bullions
 and other related activity. The Board is planning for the expansion of
 the business & exploration of new business opportunities in the
 industry and to enter in the new spheres of the business.
 
 Risk and Concerns
 
 The Company is exposed to risks from market fluctuation of interest
 rate and stock market fluctuation of the share prices.
 
 Internal Control Systems and Their adequacy
 
 Your Company has appropriate internal control systems relating to its
 areas of operations. The internal control systems lay emphasis in
 financial reporting and compliance with applicable rules and
 regulations.
 
 Discussion on Financial Performance with respect to Operational
 performance
 
 The operating performance of the Company has been discussed under the
 head ''Financial Highlights in the current year.
 
 Material Developments in Human Resources
 
 Since the Company is currently engaged in trading activity therefore
 minimum staff and workers have been retained in Company to oversee the
 day to day operations. The Company cares for its personnel and
 considers as their assets.
 
 ACKNOWLEDGEMENTS
 
 The Directors appreciates the employees for their dedication and
 commitment that they put towards the growth of the company. Your
 Directors are especially grateful to its Bankers, all investors for
 their continued support and confidence reposed in the company.
 
                                     By order of the Board of Directors
 
 Place: Mumbai
 
 Dated:December5,2011                 (Subhash Agrawal) (Sarita Agrawal)
 
                                           DIRECTOR          DIRECTOR