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Directors Report of Aramusk Infrastructure Investments Ltd.

Mar 31, 2009

The Directors have pleasure in presenting their THIRTEENTH Report on the business and operations of the Company and the Financial Accounts for the year ending 31st March, 2009.

OPERATIONS:

During the year, the company has earned a net profit of Rs. 92,820/- after providing for taxation of Rs. 54,000/- The financial results are summarized below:

2008-09 (Rs. Lakhs) 2007-08 (Rs. Lakhs)

Gross sales 4.22 3.96

Net Sales 4.22 3.96

Total Income 4.22 3.96

Profit Before Tax 1.47 1.68

Net Profit after Tax 0.93 1.07

DIRECTORS:

Mr. V. Kunchithapatham, Director retires by rotation at the ensuing Annual General Meeting and is eligible for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that:

(i) In the preparation of the Annual Accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

(ii) The Directors had 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 and of the Profit of the company for that period;

(iii) The Directors had taken proper and sufficient care 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 Directors had prepared the annual accounts on a going concern basis.

AUDIT COMMITTEE

The Audit Committee consists of Mr. R.S. Mani as Chairman with Mr. V. Kunchithapatham and Mr. P.Augustine, as members :

CORPORATE GOVERNANCE:

A report on Corporate Governance has been enclosed in the Annual Report in accordance with Clause 49 of the Listing Agreement. A Certificate from the Practising Company Secretary regarding compliance of conditions of corporate governance as stipulated in Clause 49 of the Listing Agreem ent is attached to this report.

AUDITORS:

The retiring Auditors M/s. P. Chandrasekar, Chartered Accountants, Chennai are eligible for reappointment and their remuneration has to be fixed.

FIXED DEPOSITS:

The Company has not accepted any Fixed Deposits from the Public during the financial year.

9. PERSONNEL:

The particulars of employees as required under section 217(2A) of the Companies Act, 1956 and the Companies (Particulars of Employees) Rules, 1975 are not applicable as the Company has not employed anyone drawing more than the prescribed amount of remuneration.

10. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information required under Sec 217(1 )(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particular in the Report Directors) Rules 1988.

A) Conservation of Energy Nil

B) Technology Absorption Nil

C) Research & Development Nil

D) Foreign Exchange Earnings Outgo Nil

BY ORDER OF THE BOARD For ARAMUSK INFRASTRUCTURE INVESTMENTS LTD.

Sd/- Sd/- P. Augustine V. Kunchithapatham Director Director

Place : Chennai Date : 30.06.2009

 
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