Dear Shareholders,
 
 The Directors have the pleasure in presenting the 17th Annual Report
 on the business and operations of the Company for the year ended
 31-03-2011 together with the audited accounts for the year ended
 31-03-2011.
 
 FINANCIAL RESULTS:
 
                                                        (Rs. In Lacs)
 
 PARTICULARS                                2010-2011        2009-2010
 
 Gross Turnover (Net of Excise)               7209.02          7096.97
 
 Other Income                                   70.39            12.44
 
 Net Profit                                    229.79           405.80
 
 Less: Depreciation                            141.63            41.67
 
 Profit/Loss before Tax                         88.15           364.15
 
 Provision for Tax                              20.00            65.00
 
 Provision for FBT                                -                -
 
 Prior Period Adjustment                         4.20             9.77
 
 Profit/Loss after Tax                         (40.22)          232.86
 
 Proposed Dividend                                -                -
 
 Dividend Distribution Tax                        -                -
 
 Deferred Tax Liability                        104.16             56.5
 
 Interim Dividend and Dividend 
 Distribution Tax                                 -                -
 
 Amount brought forward from last 
 year''s account                                897.14           648.45
 
 MAT Credit Benefit                               -              15.83
 
 Balance carried to Balance Sheet              856.92           897.14
 
 
 OPERATIONS
 
 The turnover for the financial year 2010-2011 was Rs. 7209.02 against
 Rs. 7096.97.for the financial year 2009-2010.
 
 TRANSFER TO RESERVES
 
 Out of the total profit of Rs. (40.22) for the financial year
 2010-2011, an amount of Rs. (40.22) is proposed to be transferred to
 General Reserve.
 
 DIVIDEND
 
 In view of the growth of the Company, the Board does not recommend any
 Dividend for the financial year 2010-2011.
 
 POSTAL BALLOT
 
 The Approval of the Shareholders/ members was sought through postal
 ballot for special/ Ordinary resolutions accordance with Provision of
 section 192 A of the Act read with the companies ( Passing of the
 resolutions by Postal Ballot ) Rules,2001.  The Board appointed M/s
 Arati Shah & Associates Chartered Accountants. as a Scrutinizer for
 conducting postal ballot in fair and transparent manner. Postal Ballot
 resolutions passed with an overwhelming majority of the Shareholders/
 members of the Company.
 
 EMPLOYEES
 
 There were no employees drawing remuneration in excess of limits
 specified under Section 217(2A) of the Companies Act, 1956, hence the
 provisions are not applicable.
 
 DIRECTORS
 
 Mr. Amla Prasad P. Mishra, Independent Director retiring by rotation
 and being eligible has offered himself for reappointment at the ensuing
 Annual General Meeting.
 
 DIRECTORS RESPONSIBILITY STATEMENT:
 
 Your Directors state that:
 
 1.  In preparation of annual accounts applicable Accounting Standards
 have been followed with proper explanation relating to material
 departures.
 
 2.  That 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 profit or
 loss of the Company for that period.
 
 3.  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.
 
 4.  The directors had prepared the annual accounts on a going concern
 basis.
 
 DISCLOSURE PARTICULARS:
 
 1.  Conservation of energy:
 
 a) Energy Conservation measures taken:- - Systematic control of the
 idle running of machines to reduce consumption of energy.
 
 b) Additional investment and proposals if any, being implemented for
 the reduction of consumption of energy
 
 - Energy conservation is not significant
 
 c) Impact of measures at (a) and (b) above for reduction of energy
 consumption and consequent impact on the cost of products/goods.
 
 - N.A.
 
 d) Total energy consumption & energy consumption per unit as per
 prescribed Form A
 
 - Not given, as the Company is not covered in the list of specified
 items.
 
 TECHNOLOGY ABSORPTION – FORM ‘B''
 
 Research & development
 
 1.  Specific areas in which R&D carried out by Company
 
 - Improvement in existing products/processes
 
 2.  Benefits derived as a result of the R&D
 
 - Improvement in quality and material utilization
 
 - Improved service to customer
 
 3.  Future plan of action:
 
 - Continuation of present work in R&D.
 
 - Improvement in existing products and processes in various areas in
 which the Company is operating.
 
 SHARE CAPITAL
 
 Authorised Share Capital:
 
 During the financial year 2010-2011, the Authorised Share Capital of
 the Company is Rs.100,00,00,000 divided into 10,00,00,000 Equity Shares
 of Rs. 10 each.
 
 Paid Up Shares Capital:
 
 Paid Up Capital of the Company is Rs. 266,898,680 divided into
 266,898,68 Equity Shares of Rs.10 each.
 
 Corporate Governance & Management Discussion and Analysis Statement:
 
 A report on Corporate Governance is attached to this Report as also a
 Management Discussion and Analysis Statement.
 
 Acknowledgement
 
 The Board of Director would like to thank the shareholders, all
 Employees of the Company, customers, Associates Suppliers, Government
 Departments and the bank for their continued support
 
                                     By Order of the Board of Directors
 
                                     For Rishabhdev Technocable Limited
 
                                                                   sd/-
 
                                                       Sunil B. Golchha
 
 Date   :  16-08-2011                      Chairman & Managing Director
 
 Place  :  Mumbai