The Directors take the privilege of presenting the 29th Annual Report
 and Audited Accounts for the year ended 31st March 2012 to the members
 of the Sunteck Family.
 
 FINANCIAL RESULTS
 
                                                       (Rs. In Lacs)
 
                                Standalone              Consolidated 
 
 Particulars              For the year ended on    For the year ended on
 
                       31.03.2012     31.03.2011  31.03.2012   31.03.2011
 
 Total Income            2663.83       1568.20     3063.99      3051.92
 
 Total Expenditure       558.443        675.29     1351.63      1700.34
 
 Depreciation              35.74         29.54      147.66       147.28
 
 Interest                 474.01          0.93      437.06       343.72
 
 Profit Before Tax       1595.63        862.44     1100.64       860.57
 
 Provision for Tax 
 & Deferred Tax           412.59        242.68      646.49       524.22
 
 Profit After Tax        1183.04        619.76      454.15       336.35
 
 During the year under review, the total revenue earned is Rs. 2663.83
 Lacs compared to previous year''s revenue of Rs.1568.20 Lacs on
 standalone basis. The profit before tax stands at Rs. 1595.63 Lacs as
 compared to Rs. 862.44 Lacs during the previous year. The consolidated
 revenue for the current year amounted to Rs. 3036.99 Lacs against Rs.
 3051.92 Lacs compared to the previous year.
 
 DIVIDEND
 
 The Board had declared an Interim Dividend of 6% i.e Rs 0.12/-per
 Equity Share on 12th August 2011.
 
 The Board of Directors have recommended a Final dividend of 6% i.e
 Rs.0.12/- per Equity share amounting to Rs.  75,55,945/- , for the
 approval of the shareholders.
 
 DIRECTORS
 
 Mr. Mahadevan Kalahasthi, and Mr. Jignesh Sanghavi, Directors of the
 Company retire by rotation and being eligible seek re-appointment at
 the ensuing Annual General Meeting, The Board recommend their
 re-appointment.
 
 FIXED DEPOSITS
 
 Your Company has not accepted any deposits in terms of the provisions
 of Section 58A of the Companies Act, 1956, read with the Companies
 (Acceptance of Deposits) Rules, 1975, as amended, during the year under
 review.
 
 LISTING
 
 The Equity Shares of the Company are listed at the Bombay Stock
 Exchange and National Stock Exchange Limited.
 
 SUBSIDIARY COMPANIES ACCOUNTS:
 
 In accordance with the general circular issued by the Ministry of
 Corporate Affairs, Government of India, the Balance Sheet, Profit and
 Loss Account and other documents of the subsidiary companies are not
 being attached with the Balance Sheet of the Company. However the
 financial information of the subsidiary companies is disclosed in the
 Annual Report in compliance with the said circular. The Company will
 make available the Annual Accounts of the subsidiary companies and the
 related information to any member of the Company who may be interested
 in obtaining the same. The annual accounts of the subsidiary companies
 will also be kept open for inspection at the Registered Office of the
 Company. The Consolidated Financial Statements presented by the Company
 include the financial results of its subsidiary companies.  Details of
 major subsidiaries of the Company forms part of this Annual Report.
 
 CORPORATE SOCIAL RESPONSIBILITY AND COMMUNITY DEVELOPMENT:
 
 Out for Good: Focusing on welfare of the economically and socially
 deprived Tribal Block situated at Jawahar in Thane District, SUNTECK in
 association with National Rural Research and Development
 Association(NARAD) engaged itself in the activity of distributing toys,
 books and other stationery items to the children including the staple
 food grains and fruits to each family in the area.
 
 Sunteck sponsored Notebooks and Stationery at the Sports event
 organized at Mahindra Park, Breach Candy, by Colliers International in
 association with Muktangan, Akanksha & Magic Bus Foundation for the
 underprivileged children.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirements of Section 217(2AA) of the Companies Act,
 1956 (Act) your Directors confirm that:
 
 1.  in the preparation of the Annual Accounts for the year 2011-12 the
 applicable Accounting Standards have been followed along with proper
 explanation relating to material departures;
 
 2.  the Directors have selected such accounting policies and applied
 them 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 end of the Financial Year under review and of the
 Profit of the Company for that period;
 
 3.  the Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Act, for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities;
 
 4.  the Directors have prepared the Annual Accounts on a going concern
 basis.
 
 B) Particulars required to be furnished by the Companies (Disclosure of
 Particulars in the Report of Board of Directors) Rules, 1988:
 
 i) As the Company is not a manufacturing company the Directors has
 nothing to report under 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 .
 
 ii) Foreign Exchange Earnings and Outgo:
 
 a) Foreign Exchange Earned: NIL
 
 b) Foreign Exchange Outflow: Rs 4.49 Lacs
 
 CORPORATE GOVERNANCE
 
 The Report on Corporate Governance is attached as Annexure I and forms
 part of this Report.
 
 Cost Audit Compliance Report
 
 In compliance with the The Companies ( Cost Accounting Records) Rules,
 2011 the Ministry of Corporate Affairs vide the notification dated 3rd
 June 2011, the Company being carrying on the business of Construction
 and development, the Compliance Report will be duly filed within 180
 days of the Completion of the close of the Financial year ended 31st
 March, 2012
 
 Transfer to unclaimed dividend account
 
 In compliance with the Ministry of Corporate Affairs Notification for
 Investor Education and Protection Fund (Uploading of information
 regarding unpaid and unclaimed amounts lying with companies) Rules,
 2012 the effective steps are being implemented by the Company to upload
 the information regarding the uploading of information relating to
 unpaid and unclaimed dividend lying with the Companies on the site of
 the Ministry of Corporate Affairs as well as the Website of the
 Company.
 
 MANAGEMENT ANALYSIS AND DISCUSSION REPORT
 
 Management Analysis and Discussion Report is attached as Annexure II
 and forms a part of this Report.
 
 AUDITORS
 
 M/s Lodha & Co., Chartered Accountants, Statutory Auditors of the
 Company, will retire at the conclusion of the forthcoming Annual
 General meeting. They have offered themselves for reappointment and if
 appointed, the appointment would be within the limits prescribed under
 section 224 (1)(B) of the Companies Act 1956.
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to express their sincere appreciation and
 gratitude for the co-operation and assistance from its shareholders,
 bankers, regulatory bodies and other business constituents during the
 year under review.
 
 Your Directors also wish to place on record their deep sense of
 appreciation for the contribution and commitment made by every member
 of the Sunteck Family.
  
                                On behalf of the Board of Directors
 
 Mumbai                                   Kamal Khetan
 
 30th May, 2012                      Chairman & Managing Director