Directors Report of Alka India Ltd.

Sep 30, 2014

Dear Members,

The Directors have pleasure in presenting the 21st Annual Report together with the Audited Statement of Accounts for the year ended 30th September, 2014.

FINANCIAL RESULTS:

The working results of the Company for the year ended on 30th September, 2014 are as follows:

Year Ended On Year Ended On 30.09.2014 30.09.2013 Rs. Rs.

Net — Profit/Loss (14,062,055) (5,478,885)

Less : Depreciation 1,807,849 1,640,753

Profit/(Loss) before Taxation (15,869,904) (7,119,638) (PBT)

Less : Provision for Income Tax NIL NIL

Less : Deferred Tax Adjustments NIL NIL

Less: Provision for Fringe Benefit Tax NIL NIL

Profit/ (Loss) After Tax (PAT) (15,869,904) (7,119,638)

Add : Profit/(Loss) brought forward (232,210,222) (225,090,584)

Add: Transfer from General Reserve NIL NIL

Add: Prior Year Adjustments. NIL NIL

Surplus/(Deficit) (248,080126) (232,210,222)

APPROPRIATIONS:

Year Ended On Year Ended On 30.09.2014 30.09.2013 Rs. Rs.

Profit/(Loss) carried to Balance Sheet (248,080126) (232,210,222)

Total (248,080126) (232,210,222)

DIVIDEND:

Your directors do not recommend dividend for the year 2013-2014.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EXCHANGE EARNING AND OUTGO:

A. CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under 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 in respect of Conservation of Energy, Technology Absorption are not applicable.

B FOREIGN EXCHANGE EARNING & OUTGO:

Current Year Previous Year

a) Earning Nil Nil

b) Outgo Nil Nil

DIRECTORATE:

During the year under review Mr. Anant Sharma retire by rotation as Director of the company at the ensuing Annual General Meeting and being eligible, offers himself for re -appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2014 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Section 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS:

The Auditors M/s. Agrawal Jain and Gupta, Chartered Accountants, Jaipur are Re appointed as the statutory auditors of the Company at the forthcoming Annual General Meeting.

The Company has received letters from them to the effect that their re-appointment, if made, would be within the prescribed limits under sections 224(1B) of the Companies Act, 1956.

AUDITOR''S REMARKS:

The provision for leave encashment has not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Mumbai. Listing fees has been paid to Bombay Stock Exchange Limited.

APPRECIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office : By Order of the Board of Director E-211, Crystal Plaza, For ALKA INDIA LIMITED Opp. Fame Adlabs, New Link Road, Andheri (W), Sd/- Ramakant Gokulchand Chairman & Managing Director Mumbai - 400 053.

Place : Mumbai Date : 20th January, 2015

---

Sep 30, 2013

The Directors have pleasure in presenting the Twentieth Annual Report together with the Au- dited Statement of Accounts for the year ended 30th September, 2013.

FINANCIAL RESULTS:

The working results of the Company for the year ended on 30th September, 2013 are as follows:

Rs. In Lakhs Particulars Year Ended On Year Ended On 30.09.2013 30.09.2012 Rs. Rs.

Net —Profit/Loss (5,478,885) (26,756,862)

Less : Depreciation 1,640,753 1,883,661

Profit/(Loss) before Taxation (PBT) (7,119,638) (28,640,523)

Less : Provision for Income Tax NIL NIL

Less : Deferred Tax Adjustments NIL 250,281

Less: Provision for Fringe Benefit Tax NIL NIL

Profit/ (Loss) After Tax (PAT) (7,119,638) (28,890,804)

Add : Profit/(Loss) brought forward (2,25,090,584) (1,96,199,780)

Add: Transfer from General Reserve NIL NIL

Add: Prior Year Adjustments. NIL NIL

Surplus/(Deficit) (232,210,222) (225,090,584)

APPROPRIATIONS:

Year Ended On Year Ended On 30.09.2013 30.09.2012 Rs. Rs.

Profit/(Loss) carried to Balance Sheet (232,210,222) (225,090,584)

Total (232,210,222) (225,090,584)

DIVIDEND:

Your directors do not recommend dividend for the year 2012-2013.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EX- CHANGE EARNING AND OUTGO:

A. CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under 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 in re- spect of Conservation of Energy, Technology Absorption are not applicable.

B. FOREIGN EXCHANGE EARNING & OUTGO:

Current Year Previous Year

a) Earning Nil Nil

b) Outgo Nil Nil

DIRECTORATE:

During the year under review Mr. Satish Panchariya retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers himself for re -appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Com- pany for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2013 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Sec- tion 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS:

The Auditors M/s. Agrawal Jain and Gupta, Chartered Accountants, Jaipur are Re appointed as the statutory auditors of the Company at the forthcoming Annual General Meeting.

The Company has received letters from them to the effect that their re-appointment, if made, would be within the prescribed limits under sections 224(1B) of the Companies Act, 1956.

AUDITOR''S REMARKS:

The provision for leave encashment have not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Mumbai. Listing fees has been paid to Bombay Stock Exchange Limited.

APPRECIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office :

E-211, Crystal Plaza, By Order Of the Board of Directors

Opp. Fame Adlabs For ALKA INDIA LIMITED

New Link Road, Andheri (W)

Mumbai – 400053. Sd/-

Ramakant Gokulchand

Place :Mumbai Chairman & Managing Director

Date :14th February, 2014

---

Sep 30, 2012

To The Members,

The Directors have pleasure in presenting the Nineteen Annual Report together with the Audited Statement of Accounts for the year ended 30th September, 2012.

FINANCIAL RESULTS:

The working results of the Company for the year ended on 30th September, 2012 are as follows:

Rs. In Lakhs

Particulars Year Ended On Year Ended On 30.09.2012 30.09.2011 Rs. Rs.

Net-Profit/Loss (26,756,862) (30,955,584)

Less : Depreciation 1,883,661 1,234,226

Profit/(Loss) before Taxation (PBT) (28,640,523) (32,189,810)

Less : Provision for Income Tax NIL NIL

Less : Deferred Tax Adjustments 250,281 NIL

Less: Provision for Fringe Benefit Tax NIL NIL

Profit/ (Loss) After Tax (PAT) (28,890,804) (32,189,810)

Add : Profit/(Loss) brought forward (22,50,90,584) (19,61,99,780)

Add: Transfer from General Reserve NIL NIL

Add: Prior Year Adjustments. NIL (138,860)

Surplus/(Deficit) (22,50,90,584) (19,61,99,780)

APPROPRIATIONS:

Year Ended On Year Ended On 30.09.2012 30.09.2011 Rs. Rs.

Profit/(Loss) carried to Balance Sheet (22,50,90,584) (19,61,99,780)

Total (22,50,90,584) (19,61,99,780)

DIVIDEND:

Your directors do not recommend dividend for the year 2011-2012.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EXCHANGE EARNING AND OUTGO:

A. CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under 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 in respect of Conservation of Energy, Technology Absorption are not applicable.

B. FOREIGN EXCHANGE EARNING & OUTGO:

Current Year Previous Year

a) Earning Nil Nil

b) Outgo Nil Nil

DIRECTORATE:

During the year under review Mr Neel Doctor retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers himself for re -appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2012 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Section 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS:

The Auditors M/s. Agrawal Jain and Gupta, Chartered Accountants, Jaipur are Re appointed as the statutory auditors of the Company at the forthcoming Annual General Meeting.

The Company has received letters from them to the effect that their re-appointment, if made, would be within the prescribed limits under sections 224(1B) of the Companies Act, 1956.

AUDITOR’S REMARKS:

The provision for leave encashment have not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Mumbai. Listing fees has been paid to Bombay Stock Exchange Limited.

APPRECEIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registration Office : By Order of the Board of Director

E-211, Crystal Plaza, For ALKA INDIA LIMITED

Opp. Fame Adlabs,

New Link Road, Sd/-

Andheri (W), Ramakant Gokulchand

Mumbai - 400 053. Chairman & Managing Director

Place : Mumbai

Date : 06th February, 2013

---

Sep 30, 2011

The Directors have pleasure in presenting the Eighteenth Annual Report together with the Audited Statement of Accounts for the year ended 301" September, 2011.

FINANCIAL RESULTS :

The working results of the Company for the year ended on 30th September, 2011 are as follows:

Particulars Year Ended On Year Ended On

30.09.2011 30.09.2010

Rs. Rs.

Net - Profit/Loss (30,955,584) (60,819,267)

Less : Depreciation 1,234,226 1,169,803

Profit/(Loss) before Taxation (PBT) (32,189,810) (61,989,070)

Less : Provision for Income Tax - -

Less : Deferred Tax Adjustments - (19,862,740)

Less: Provision for Fringe Benefit Tax

Profit/ (Loss) After Tax (PAT) (32,189,810) (42,126,330)

Add : Profit/(Loss) brought forward (206,176,297) (164,049,967)

Add: Transfer from General Reserve NIL NIL

Add: Prior Year Adjustments. (138,860) -

Surplus/(Deficit) (19, 61,99,780) (20,61,76,297)

APPROPRIATIONS

Year Ended On Year Ended On 30.09.2011 30.09.2010 Rs. Rs.

Profit/(Loss) carried to Balance Sheet (19,61,99,780) (20,61,76,297)

Total (19,61,99,780) (20,61,76,297)

DIVIDEND:

Your directors do not recommend dividend for the year 2010-2011.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

A. CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under 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 in respect of Conservation of Energy, Technology Absorption are not applicable.

DIRECTORATE:

During the year under review Mr. Madanlal Purohit who retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

Mr. Ramakant Sharma was appointed as directors of the company w.e.from 5th October, , 2011. He is Commerce Graduate and from ARMY.

Mr. Satish Panchariya resigned from the post of Managing Director however he is continue as a Director on board of your company.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profits of the Company for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2011 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Section 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of Corporate Governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS :

The Auditors M/s.Agrawal Jain and Gupta, Chartered Accountants, are Reappointed as the statutory auditors of the Company at the forthcoming Annual General Meeting.

The Company has received letters from them to the effect that their reappointment, if made, would be within the prescribed limits under Section 224(1 B) of the Companies Act, 1956.

AUDITOR'S REMARKS:

The provision for leave encashment have not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Mumbai. Listing fees has been paid to Bombay Stock Exchange Limited.

APPRECEIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office : By Order Of the Board of Directors

E-211, Crystal Plaza, For ALKA INDIA LIMITED

Opp. Fame Adlabs, New Link Road, Andheri (W),

Mumbai - 400053. sd/-

Ramakant Sharma Place : Mumbai Chairman & Managing Director Date : 13th February, 2012

---

Sep 30, 2010

The Directors have pleasure in presenting the Seventeenth Annual Report together with the Audited Statement of Accounts for the year ended 30th September, 2010.

FINANCIAL RESULTS :

The working results of the Company for the year ended on 30th September, 2010 are as follows:

Rs. In Lakhs

Particulars Year Ended On Year Ended On

30.09.2010 30.09.2009

Rs. Rs.

Net - Profit/Loss (608.19) (17.18)

Less : Depreciation 11.70 49.02

Profit/(Loss) before Taxation (PBT) (619.89) (66.20)

Less : Provision for Income Tax - 58.89

Less : Deferred Tax Adjustments (198.63) (61.17)

Less: Provision for Fringe Benefit Tax - -

Profit/ (Loss) After Tax (PAT) (421.26) (63.93)

Add : Profit/(Loss) brought forward (1640.50) (1081.41)

Add: Transfer from General Reserve Nil Nil

Add: Prior Year Adjustments. - (495.16)

Surplus/(Deficit) (2061.76) (1640.50)

APPROPRIATIONS :

Year Ended On Year Ended On

30.09.2010 30.09.2009

Rs. Rs.

Profit/(Loss) carried to Balance Sheet (2061.76) (1640.50)

Total (2061.76) (1640.50)

DIVIDEND:

Your directors do not recommend dividend for the year 2009-2010.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

A. CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under 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 in respect of Conservation of Energy, Technology Absorption are not applicable.

B. FOREIGN EXCHANGE EARNING & OUTGO:

Current Year Previous Year

a) Earning Nil Nil

b) Outgo Nil Nil

DIRECTORATE:

During the year under review Mr Anant Sharma retire by rotation as Director of the Company at the ensuing Annual General Meeting and being eligible, offers himself for reappointment.

Mr Neel Doctor was appointed as directors of the company w.e.from 31.08.2010 He is MBA in Marketing & International Business graduate. He has a good exposure in pricing strategies , balancing firm objectives and various aspects of marketing strategy.

Mr Mukesh Chauradiya resigned from the board of your company w.e.from 01.06.2010.The Board places on record its sincere appreciation for the valuable guidance.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2010 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Section 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS :

The Auditors M/s. Agrawal Jain And Gupta, Chartered Accountants, Jaipur are Reappointed and being eligible offer themselves for re-appointment. You are requested to re-appoint the auditors and fix their remuneration.

AUDITORS REMARKS:

The provision for leave encashment have not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued. Every debtors and creditors of the Company was requested to confirm the debit and credit balances as the case may be in their accounts. The confirmations from various creditors/debtors have not been received till the finalization of the accounts. The Company does not have any control over the debtors/creditors and has taken the balance as appears in its ledger accounts.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Mumbai. Listing fees has been paid to Bombay Stock Exchange Limited.

The Shares of the company were voluntary delisted from the Ahmedabad Stock exchange w.e.from 30.11.2010.

APPRECEIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office : By Order Of the Board of Directors

E-211, Crystal Plaza, Opp. Fame Adlabs For ALKA INDIA LIMITED New Link Road, Andheri (W), Mumbai - 400053. sd/-

Satish Panchariya

Place : Mumbai Chairman & Managing Director Date : 4th March, 2011

---

Sep 30, 2009

The Directors have pleasure in presenting the Sixteenth Annual Report together with the Audited Staterhent of Accounts for the year ended 30th September, 2009.

FINANCIAL RESULTS:

The working results of the Company for the year ended on 30th September, 2009 are as follows:

Rs. In Lakhs

Particulars Year Ended On Year Ended On 30.09.2009 30.09.2008 Rs. Rs.

Gross Profit/Loss (17.18) (190.84)

Less : Depreciation 49.02 100.72

Profit/CLoss) before Taxation (PBT) (66.20) (291.56)

Less : Provision for Income Tax 58.89 0.25

Less : Deferred Tax Adjustments (61.17) (27.93)

Less: Provision for Fringe Benefit Tax - 1.02

Profit/ (Loss) After Tax (PAT) (63.93) (320.76)

Add : Profit/(Loss) brought forward (1081.41) (760.65)

Add: Transfer from General Reserve Nil Nil

Add: Prior Year Adjustments. (495.16) Nil

Surplus/(Deficit) (1640.50) (1081.41)

APPROPRIATIONS ;

Year Ended On Year Ended On 30.09.2009 30.09.2008 Rs. Rs.

Profit/(Loss) carried to Balance Sheet (1640.50) (1081.41)

Total (1640.50) (1081.41)

DIVIDEND:

Your directors do not recommend dividend for the year 2008-2009.

OPERATIONS:

Your Directors are confident in recording a sustainable growth in the operation during the current year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

A.CONSUMPTION OF ENERGY & TECHNOLOGY ABSORPTION:

The details as required under section 217 (l)(e) of the Companies Act,1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors > Rules.1988 in respect of Conservation of Energy, Technology Absorption are not applicable.

B.FOREIGN EXCHANGE EARNING & OUTGO:

Current Year Previous Year

a) Earning Nil Nil

b) Outgo Nil Nil

DIRECTORATE

During the year under review Mr. Madah Purohit retire by rotation as Director of the Company at the ensuing Annual General fleeting and being eligible, offers himself for reappointment.

During the year under review Mr. Anant Sharma was appointed as directors of the company.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section. 217 C2AA) of the Companies Act, 1956, your Directors confirm the following:

1. In the preparation of the annual accounts, the Accounting Standards to the extent applicable had been followed along with proper explanations relating to material departures.

2. Adequate accounting policies had been selected and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for the period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance -with provisions of this Act. for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Annual Accounts have been prepared for the financial year ended 30th September, 2009 on a going concern basis.

PARTICULARS OF EMPLOYEES:

During the year, there were no employees whose information is required to be given as per Section 217(2A) read with the Companies (Particular of Employees) Rules, 1975 as amended.

REPORT ON CORPORATE GOVERNANCE:

A detailed report on Corporate Governance is annexed to this Annual Report. The Company has complied with the conditions of corporate governance as stipulated in clause 49 of the listing agreement. The certificate obtained from the auditors of the Company regarding compliance of conditions is annexed to this report.

FIXED DEPOSITS:

During the year under review the Company has neither invited nor accepted Public Deposits.

AUDITORS :

The Auditors M/s. Agrawal Jain And Gupta, Chartered Accountants, Jaipur are Reappointed and being eligible offer themselves for re-appointment. You are requested to re-appoint the auditors and fix their remuneration.

AUDITORS REMARKS:

The provision for leave encashment have not been made in as much as the liability to pay such leave encashment would be taken care of when it is accrued. Every debtors and creditors of the Company was requested to confirm the debit and credit balances as the case may be in their accounts. The confirmationsfrom various creditors/debtors have not been received till the finalization of the accounts. The Company does not have any control over the debtors/creditors and has taken the balance as appears in its ledger accounts.

LISTING:

The Shares of the Company are listed on Stock Exchanges at Ahmedabad and Mumbai. Listing fees has been paid to Mumbai Stock Exchange.

APPRECEIATION:

The Board places on record the appreciation of the sincere and devoted services rendered by all the employees and the continued support and confidence of the Shareholders. The Board also expresses their sincere thanks to the Banks and all other well wishers for their timely support.

Registered Office : By Order Of the Board of Directors

E-211, Crystal Plaza, Opp. Fame Adlabs For ALKA INDIA LIMITED

New Link Road, Andheri (W) Mumbai — 400053. Satish Panchariya

Chairman & Managing Director

Place : Mumbai Date: 4th March, 2010