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Directors Report of Jyothi Infraventures Ltd.

Mar 31, 2010

Dear Shareholders,

The Directors have pleasure in presenting the Fifteenth Annual Report of the Company for the financial year ended 31st March, 2010.

FINANCIAL RESULTS:

The performance of the Company for the financial year ended 31s March, 2010 is summarized below:

(Rs.) (Rs) 2009-10 2008-09

Income 26090 15,000

Interest - -

Depreciation - -

Profit/ Loss Before Tax (580597) (10,247)

Provisions for Tax - -

Profit/Loss After Tax (580597) (10,247)

OPERATIONS:

The stock market trading has become very competitive where sustenance itself has become very difficult due to sudden ups and downs in the Trading pattern. However the Tractate with their expertise in the trading in securities are trying to generate better busing for The" company In the coming period of time. Your company is taking firm Steps fn the orientation and business model. The company is concentrating on improved procedures in stock trading process.

DIVIDEND:

Your directors do not recommend any dividend for the financial year.

PUBLIC DEPOSITS: Your Company has not accepted any deposits falling within the meaning of Sec.58A of the companies Act, 1956 read with the Companies (Acceptance or Deposits) Kuies, during the financial year under review.

LISTING:

The equity shares of your company are listed on the Bombay Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange and Ahmedabad Stock Exchange.

DIRECTORS:

in accordance with the Companies Act, 1956 read with Articles of Association of the company the directors namely Mr. T. Anil Kumar and Mr. V. Lakshmana Rao, directors of the company retire by rotation and have expressed their willingness for reappointment

Your Board recommends the re-appointment of the Directors above.

CHANGE OF NAME OF THE COMPANY:

The Company has diver field its exiting line of business to infrastructure Sector. Consequently the shareholder of the company apporved the change from Boss Securities to Jyothi Infraventures Limited Through postal Ballot held on 20.11.2009 20.11.2009.

AMENDMENT OF THE OBJECTS OF THE COMPANY:

The Infrastructure sector is in its peak now and accordingly the Company decided to Change its line of Business. The Company through postural ballot has amended its object clause.

CHANGE IN REGISTERED OFFICE OF THE COMPANY:

The Company's registered office changed from Plot No 110, Road No. 10 Jubilee Hills Hyderabad -500033 to Plot No. 13, Kavuri Hills, Madhapur, Hyderbad -500081 w.e.f 01.10.2009

DEMAT CONNECTIVITY:

Pursuant to the provisions of Sec.217(2AA) of the Companies Act, 1956 the Board of Directors of your company herby certifies and confirm that:

i. In the prepation of the Annual Accounts, the applicable accounting standards have been followed along with roper explanation relating to material departures;

ii The Directors have selected such accounting polices and applied them consistently and made judgment 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;

iii The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companied Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

iv. The Directors have prepared the Annual accounts on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUT GO

The required information as per Sec.217 (1) (e) of the Companies Act 1956 is provided hereunder:

A. Conservation of Energy

The Company uses electric energy for its equipment such as air conditioners, computer terminals, lighting and utilities in the work premises. All possible measures have been taken to conserve the energy, by incorporating energy efficient equipment.

B. Technology Absorption

1. Research and Development (R&D) Nil

2. Technology absorption, adoption and innovation : Nil

C. Foreign Exchange Earnings and Out Go Foreign Exchange Earnings Nil

Foreign Exchange Outgo Nil

PARTICULARS OF EMPLOYEES

None of the employees is in receipt of remuneration exceeding the limit and whose particulars are required to be given as prescribed under Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975.

CODE OF CONDUCT

The Code has been circulated to all the members of the Board and Senior Management and the compliance of the same has been affirmed by them.

AUDITORS

M/s. M.M. Reddy & Co, Chartered Accountants retire at the ensuing Annual General Meeting and being eligible has expressed his willingness for re-appointment. Your directors propose the appointment of M/s. M.M. Reddy & Co, Chartered Accountants, as statutory auditor to hold office until the conclusion of the next Annual General Meeting of the company.

AUDIT REPORT

The Auditors have commented that the company has not made any provision in respect of debts aggregating to Rs.35741950/-. The Management is confident that the dues are recoverable and hence no provision was made for the same.

CORPORATE GOVERNANCE

As a listed company, necessary measures have been taken to comply with the listing agreements of Stock Exchanges. A report on Corporate Governance, along with a certificate of compliance from the Auditors, Forms part of this Report as Annexure.

ACKNOWLEDGEMENTS Your directors would like to express their grateful appreciation for assistance and operation received from clients, banks, investors, Government, other statutory authorities and all others associated with the company. Your directors also wish to place on record their deep sense of appreciation for the excellent contribution made by the employees at all levels, which enabled the company to achieve sustained growth in the operational performance during the year under review.

Declaration by Managing Director of affirmation by Director and senior Management personnel of compliance with the code of conduct Management personnel of compliance with me cue

The shareholders

I, Srinivas prasad Moturi, Director of the Company do herby declare that the directors and senior management of the company have exercised their authority and powers and discharged their duties and functions in accordance with the requirements of the code of conduct as preceded by the company and have sheered to the provisions of the same

For and on behalf of the Board of

Jyothi Infraventures Limited

Sd/-

Srinivas Prasad Moturi

Place: Hyderabad Director

Date: 31.05.2010

 
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