Dear Shareholders
 
 On behalf of the Board of Directors I have an immense Please in
 welcoming you on the occasion of the 20th Annual General Meeting. I am
 very happy to see you all our meeting.
 
 Your company has performed well in 2011-12 we are positive on the
 prospects and potential of our business and expected to grow.
 
 The Indian power Industry is one of the largest and most important
 industries in India as it fulfills the energy requirements of various
 other industries. It is one of the most critical components of
 infrastructure that affects economic growth and the well being of our
 nation.
 
 We have been continuously indentifying new opportunities by taking
 calculated risks to achieve fast growth persevering to attain the
 vision investing and believing in people and adapting to the changing
 business environment we worked towards rapidly expanding our business,
 along with synergistic diversifications that entail a healthy
 contribution.
 
 Our strategy is to increase our solar projects through a judicious
 mixture of the hard work and skills. This requires appropriate
 increases in manpower of various types and at various levelly within the
 company as well as the development of existing and new vendors. And if
 we are to ensure that we take in the right quality of people and build
 up the company as well as a fair amount of time to achieve the desired
 results. The company is also exploring into business of providing
 various power solutions through solar energy and looking forward for a
 vast range of products.
 
 The confidence of expanding our horizons is a reflection of the over
 whelming support of our stakeholders, shareholders, bankers, customers
 and of course, our workmen, officers and staff. Our transparent
 approach makes me optimistic of achieving our goals.
 
 Thank you for your continued support.
 
 
                                                      Sd/-
 
                                                   Puneet Mohlay 
 
                                                   Chairman