The Directors present the Thirtyfirst Annual Report together with the
 Audited Accounts of the Company for the year ended 31st March, 2010.
 
 OPERATIONS & FUTURE PLANS
 
 During the year under review, the Company has no manufacturing or any
 other business activity.  However, your Company is considering various
 plans to take-up Cement related business including cement and allied
 products trading activities.
 
 FINANCIAL RESULTS
 
 The Financial Results for the year ended 31st March, 2010 are given
 below:
 
                                            Rs. lakhs
 
                                  Year ended    Year ended 
                                  31.3.2010     31.3.2009
 
 Total Revenue                         -             -
 
 Profit / (-)Loss before             -0.69        -0.59
 
 Interest, Depreciation and Tax
 
 Interest                              -             -
 
 Depreciation                          -             -
 
 Provision for Tax                     -          17.52
 
 Profit / (-)Loss after Tax          -0.69       -18.11
 
 
 
 DIVIDEND
 
 Your Directors do not propose to recommend any Dividend for the year
 2009-2010.
 
 PUBLIC DEPOSITS
 
 The Company has not accepted any deposits from the public during the
 financial year 2009-2010.
 
 DIRECTORS
 
 Mr. T.S. Raghupathy, Director of the Company, will retire by rotation
 at the ensuing Annual General Meeting and is eligible for
 re-appointment.
 
 CONSERVATION OF ENERGY, ETC.
 
 Since the Company has no manufacturing or any other business activity
 during the year under review, the prescribed details as required under
 Section 217(l)(e) of the Companies Act, 1956 are not furnished.
 
 SECRETARIAL COMPLIANCE CERTIFICATE
 
 A Secretarial Compliance Certificate pursuant to Section 383A of the
 Companies Act, 1956 read with the Companies (Compliance Certificate)
 Rules, 2001 is attached to this Report.
 
 AUDITORS
 
 M/s. M.Bhaskara Rao & Co., Chartered Accountants, Auditors of the
 Company, retire at the conclusion of the ensuing Annual General Meeting
 and they are eligible for re-appointment.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Your Directors make the following statement in terms of Section
 217(2AA) of the Companies Act, 1956 with respect to Directors
 responsibility.
 
 We confirm that:
 
 i) In the preparation of the accounts for the
 
 year ended 31st March, 2010, the applicable accounting standards have
 been followed.
 
 ii) Such accounting policies have been selected
 
 and applied consistently and made judgements 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 financial year ended 31st March, 2010
 and of the loss of the Company for that year.
 
 iii) Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956 for safeguarding the assets of the Company and for
 preventing and detecting fraud and other irregularities.
 
 iv) The annual accounts for the year ended 31st March, 2010 have been
 prepared on a going concern basis.
 
 EMPLOYEES
 
 During the year 2009-2010, there was no employee in the Company and
 hence, particulars of employees as contemplated under Section 217(2A)
 of the Companies Act, 1956 are not enclosed to this Report.
 
                                        For and on behalf of the Board
 
                                                         N. Srinivasan 
 
 Place : Chennai                                              Chairman
 
 Date : August 13, 2010