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Directors Report of Kashyap Tele-Medicines Ltd.

Mar 31, 2014

The Members of

Kashyap Tele-Medicines Ltd.

(Formerly Known as Jindal Online.Com Limited) Mumbai.

The Directors take pleasure in presenting the 20th Annual Report of your Company together with the Audited Accounts for the Financial Year ended on 31st March, 2014.

FINANCIAL RESULT:

(Amount in Rs.)

Particulars 2013-2014 2012-2013

Revenue from operations 1200000 892478

Other Income 0 8400

Total Expenditure 980983 841189

Fin. Charges 0 0

Gross Op. Profit Before Depreciation, Exceptional, Extraordinary Items and Taxation but after Interest 219017 59689

Depreciation 15348 15348

Exceptional Items 0 (70000)

Profit before Extraordinary Items and Tax 219017 129689

Extraordinary Items 0 0

Profit (Loss) Before Tax 219017 129689

Tax Expense 0 0

Profit (Loss) for the period 219017 129689

Earning Per Share 0.005 0.003



OPERATION AND FUTURE OUTLOOK:

During the year under review, the Company''s total turnover was Rs. 12,00,000/- and Operating Profit was Rs. 2,19,017/- as against during the previous year the same was Rs. 8,92,478 and Rs. 1,29,689 respectively. Your Directors are quite confident to achieve better growth and profitability during next year.

DIVIDEND:

In view of the inadequacy of Profit, your Board of Directors has not recommended payment of Dividend for the year ended on 31st March, 2014.

PUBLIC DEPOSITS:

During the year, your Company has not accepted any deposits u/s 58A of the Companies Act, 1956 from the Public.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and of the Articles of Association of the Company, Dinesh Jain is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible offered himself for re-appointment. The Board recommends his re-appointment at the ensuing Annual General meeting.

AUDITORS:

At the ensuing Annual General Meeting M/s. Mehra Anil & Associates., Chartered Accountants, Ahmedabad, retires as Statutory Auditors and have offered themselves to be reappointed as Statutory Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.

AUDITOR''S REPORT:

In the opinion of the Directors, the Notes to the Accounts are self-explanatory and adequately explain the matters, which are dealt with in the Auditors'' Report and therefore, need not require any further comments under section 217 of the Companies Act, 1956.

AUDIT COMMITTEE:

Audit Committee has been constituted in terms of Listing agreement and Section 292A of the Companies Act, 1956. Constitution and other details of Audit Committee are given in "Report on Corporate Governance" in this Annual Report.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limits prescribed u/s 217 (2A) of the Companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rule, 1975 as amended has not been provided in this report.

PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:

1. Conservation of Energy and Technology Absorption

Not applicable to the Company.

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance of section 217(2AA) of Companies Act, 1956, your directors confirm that:

(a) The Company has followed the applicable standards in the preparation of the Annual Accounts and there had been no material departure.

(b) Directors had selected the accounting policies and applied them consistently and made judgments 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 or loss of the company for the aforesaid period.

(c) The Directors have taken proper and sufficient care for 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.

(d) The Directors have prepared the Annual Accounts on a going concern basis.

MANAGEMENT DISCUSSION & ANALYSIS:

This Annual Report contains a separate section on the Management Discussion and Analysis which forms part of the Directors'' Report.

CORPORATE GOVERNANCE:

Your company has followed norms with spirit of corporate governance in terms of Listing agreement and statutory provisions.

A report on Corporate Governance as required under Clause 49 of this Listing agreement is incorporated as a part of the Directors'' Report.

LISTING AGREEMENT:

The equity Shares of the Company are listed on Ahmedabad Stock Exchange Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The Listing fees for both the Stock Exchange have been paid for the current year.

CASH FLOW ANALYSIS:

In conformity with the provisions of Clause 32 of the Listing Agreement the cash flow statement for the year 31.03.2014 is annexed hereto.

INDUSTRIAL RELATIONS:

During the year, your Company maintained harmonious and cordial Industrial Relations.

ACKNOWLEDGEMENT:

Your Directors would like to express their grateful appreciation for the continuous assistance from the financial institutions, Banks, Government authorities, Customers, Vendors and Shareholders. Your Directors also wish to place on record their deep sense of appreciation for the committed and dedicated services of the Executives, staff and workers of the company and other Business Associates for their continued co-operation and patronage.

Registered Office: By order of the Board of Directors 2nd Floor, Pushpawati Building, For Kashyap Tele- Medicines Limited Girgaon Road, Mumbai-400002.

Place :Ahmedabad Sd/- Date : 29th May, 2014 Managing Director


Mar 31, 2013

To, The Members of Kashyap Tele-Medicines Ltd.

(Formerly Known as Jindal Online.Com Limited)

Mumbai.

The Directors take pleasure in presenting the 19th Annual Report of your Company together with the Audited Accounts for the Financial Year ended on 31st March, 2013.

FINANCIAL RESULT: (Amount in Rs.)

Particulars 2012-2013 2011-2012

Revenue from operations 892478 576000

Other Income 8400 292528

Total Expenditure 841189 473088

Fin. Charges 100 400 Gross Op. Profit Before Depreciation, Exceptional,

Extraordinary Items and Taxation but after Interest 825741 395040

Depreciation 15348 5348

Exceptional Items (70000) 70000

Profit before Extraordinary Items and Tax 129689 309692

Extraordinary Items 0 0

Profit (Loss) Before Tax 129689 309692 Tax Expense 0 0

Profit (Loss) for the period 129689 309692

Earnings Per Share 0.003 0.006

OPERATION AND FUTURE OUTLOOK:

During the year under review, the Company''s total turnover was Rs. 892,478/- and Operating Profit was Rs. 129,689/- as against during the previous year the same was Rs.576,000 and Rs.309,692 respectively. Your Directors are quite confident to achieve better growth and profitability during next year.

DIVIDEND:

In view of the inadequacy of Profit, your Board of Directors has not recommended payment of Dividend for the year ended on 31sl March, 2013.

PUBLIC DEPOSITS:

During the year, your Company has not accepted any deposits u/s 58Aof the Companies Act, 1956 from the Public.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and of the Articles of Association of the Company, Sanjeev Agrawal is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible offered himself for re-appointment. The Board recommends his re-appointment at the ensuing Annual General meeting.

AUDITORS:

At the ensuing Annual General Meeting M/s. Mehra Anil & Associates., Chartered Accountants,

Ahmedabad, retires as Statutory Auditors and have offered themselves to be reappointed as Statutory Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.

AUDITOR''S REPORT:

In the opinion of the Directors, the Notes to the Accounts are self-explanatory and adequately explain the matters, which are dealt within the Auditors'' Report and therefore, need not require any further comments under section 217 of the Companies Act, 1956.

AUDIT COMMITTEE:

Audit Committee has been constituted in terms of Listing agreement and Section 292Aofthe Companies Act, 1956. Constitution and other details of Audit Committee are given in "Report on Corporate Governance" in this Annual Report.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limits prescribed u/s 217 (2A) of the Companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rule, 1975 as amended has not been provided in this report.

In compliance of section 217(2AA) of Companies Act, 1956, your directors confirm that: .

(a) The Company has followed the applicable standards in the preparation of the Annual Accounts and there had been no material departure.

(b) Directors had selected the accounting policies and applied them consistently and made judgments 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 or loss of the company for the aforesaid period.

(c) The Directors have taken proper and sufficient care for 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.

(d) The Directors have prepared the Annual Accounts on a going concern basis.

MANAGEMENT DISCUSSION & ANALYSIS:

This Annual Report contains a separate section on the Management Discussion and Analysis which forms part of the Directors'' Report.

CORPORATE GOVERNANCE:

Your company has followed norms with spirit of corporate governance in terms of Listing agreement and statutory provisions.

A report on Corporate Governance as required under Clause 49 of this Listing agreement is incorporated as a part of the Directors'' Report.

LISTING AGREEMENT:

The equity Shares of the Company are listed on Ahmedabad Stock Exchange Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The Listing fees for both the Stock Exchange have been paid for the current year.

CASH FLOW ANALYSIS:

In conformity with the provisions of Clause 32 of the Listing Agreement the cash flow statement for the year 31.03.2013 is annexed hereto.

INDUSTRIAL RELATIONS:

During the year, your Company maintained harmonious and cordial Industrial Relations.

ACKNOWLEDGEMENT:

Your Directors would like to express their grateful appreciation for the continuous assistance from the financial institutions, Banks, Government authorities, Customers, Vendors and Shareholders. Your Directors also wish to place on record their deep sense of appreciation for the committed and dedicated services of the Executives, staff and workers of the company and other Business Associates for their continued co-operation and patronage.

Registered Office: By order of the Board of Directors

2nd Floor, Pushpawati Building, For Kashyap Tele- Medicines Limited

Girgaon Road,

Mumbai-400002.

Place: Ahmedabad Sd/-

Date: 30lh May, 2013 Managing Director


Mar 31, 2012

To, The Members of Kashyap Tele-Medicines Ltd.

(Formerly Known as Jindal Online.Com Limited) Mumbai

The Directors have a great pleasure in presenting the Seventeenth Annual Report on the Business and Performance of your Company together with the Audited Accounts for the Financial Year ended on 31st March, 2012.

FINANCIAL RESULT (Amount in Rs.)

Particulars 2011-2012 2010-2011

Revenue from operations 576000 720000

Other Income 292528 557135

Total Expenditure 473088 614106

Fin. Charges 400 0

Gross Op. Profit Before Depreciation, Exceptional,

Extraordinary Items and Taxation but after Interest 395040 663029

Depreciation 15348 15348

Exceptional Items 70000 0

Profit before Extraordinary Items and Tax 309692 647681

Extraordinary Items 0 0

Profit (Loss ) Before Tax 309692 647681

Tax Expense 0 0

Profit (Loss) for the period 309692 647681

Earning Per Share 0.006 0.014

OPERATION AND FUTURE OUT LOOK:

During the year under review, the Company's total turnover was Rs. 576000/-and Operating Profit was Rs 395040/- respectively. Your Directors are quite confident to achieve better growth and profitability during next year.

DIVIDEND:

In view of the inadequacy of Profit, your Board of Directors has not recommended Dividend for the year ended March,2012

PUBLIC DEPOSITS:

During the year, your Company has not accepted any deposits u/s 58 A of the Companies Act, 1956 from the Public.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and of the Articles of Association of the Company, Mr. Dinesh Jain is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible offers himself for re-appointment.

RE-APPOINTMENT OF MANAGING DIRECTOR:

At the meeting of the Board of Directors of the Company held on 30th September, 2011 Mr. Amit Agrawal, was re-appointed as a Managing Director of the Company for a period of five years with effect from 1st October, 2011.

However, the said re-appointment is subject to the approval of the Members. The Board recommends his re- appointment as Managing Director with effect from 1st October,2011

AUDITORS:

At the ensuing Annual General Meeting M/s. Mehra Anil & Associates., Chartered Accountants, Ahmedabad, retires as Statutory Auditors and have offered themselves to be reappointed as Statutory Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.

AUDITOR'S REPORT:

In the opinion of the Directors, the Notes to the Accounts are self-explanatory and adequately explain the matters, which are dealt with in the Auditors' Report and, therefore, need not require any further comments under section 217 of the Companies Act, 1956.

AUDIT COMMITTEE:

Audit Committee has been constituted in terms of Listing agreemenfcand Section 292 A of the Companies Act, 1956. Constitution and other details of audit committee are given in "Report on Corporate Governance" in this Annual Report.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limits prescribed u/s 217 (2 A) of the Companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rule, 1975 as amended has not been provided in this report.

PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:

1. Conservation of Energy and Technology Absorption

Not applicable to the Company.

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance of section 217(2AA) of Companies Act, 1956, your directors confirm that:

(a) The Company has followed the applicable standards in the preparation of the Annual Accounts and there had been no material departure.

(b) Directors had selected the accounting policies and applied them consistently and made judgments 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 or loss of the company for the aforesaid period.

(c) The Directors have taken proper and sufficient care for 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.

(d) The Directors have prepared the Annual Accounts on a going concern basis.

MANAGEMENT DISCUSSION & ANALYSIS:

This Annual Report contains a separate section on the Management Discussion and Analysis which forms part of the Directors' Report.

CORPORATE GOVERNANCE:

Your Company is committed to the tenets of good corporate governance and has taken adequate steps to ensure the requirement of Corporate Governance as laid down in clause 49 of the listing Agreement are complied with. The philosophy of the Company on Corporate Governance is to ensure the long term interest of the Shareholders, creation of transparency, maintaining management ethics and developing good corporate culture.

A report on Corporate Governance as required under Clause 49 of this Listing agreement is incorporated as a part of the Directors' Report.

LISTING AGREEMENT:

The equity Shares of the Company are listed on Ahmedabad Stock Exchange Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The Listing fees for both the Stock Exchange have been paid for the current year.

CASH FLOW ANALYSIS:

In conformity with the provisions of Clause 32 of the Listing Agreement the cash flow statement for the year 31.03.2012 is annexed hereto.

INDUSTRIAL RELATIONS:

During the year, your Company maintained harmonious and cordial Industrial Relations.

ACKNOWLEDGEMENT:

The Board expresses its gratitude and appreciates the efforts of the Companies employees for their continued cooperation and unstinted support extended to the Company. The Board also express their appreciations for the continous assistance and co-operation from the financial institutions, Banks, Government authorities, Customers, Vendors and Shareholders and other Business Associates at all levels to the successful operation of the Company during the year under review.

Registered Office : By Order of the Board of Directors

2nd Floor, Pushpawati Building, For, Kashyap Tele-Medicines Limited

Girgaon Road, Mumbai-400002.

Place : Mumbai Sd/-

Date : 30th May, 2012 Managing Director


Mar 31, 2011

To, The Members of Kashyap Tele-Medicines Ltd. (Formerly Known as Jindal Online.Com Limited) Mumbai

The Directors have a great pleasure in presenting the Seventeenth Annual Report on the Business and Performance of your Company alongwith the Audited Accounts for the Financial Year ended on 31st March, 2011.

FINANCIAL RESULT: (Rs. In Lacs)

Particulars 2010-2011 2009-2010

Net Sales/Income from operation and Other Income 7.20 5.04

Total Expenditure 6.29 4.54

Fin. Charges 0.00 0.01

Gross Op. Profit Before Depreciation and Taxation but after Interest 6.63 0.74

Depreciation 0.15 0.15

Profit (Loss ) Before Tax 6.48 0.59

Net Profit/(Loss) after prior period Adjustments 6.48 0.59

Amount available for Appropriation 6.48 0.59

Balance carried to Balance Sheet (272.62) (279.10)

OPERATION AND FUTURE OUT LOOK:

During the year under review, the Company's total turnover was Rs. 7.20 Lacs and Operating Profit was Rs. 6.63 Lacs respectively as against during the previous year the same was Rs. 5.04 Lacs and operating profit was Rs. 0.74 Lacs. Your Directors are quite confident to achieve better growth and profitability during next year.

DIVIDEND:

In view of the inadequacy of Profit, your Board of Directors has not recommended Dividend for the year ended March,2011

PUBLIC DEPOSITS:

During the year, your Company has not accepted any deposits u/s 58A of the Companies Act, 1956 from the Public.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and of the Articles of Association of the Company, Mr. Sanjeev Agrawal is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible offers himself for re-appointment.

AUDITORS:

At the ensuing Annual General Meeting M/s. Mehra Anil & Associates., Chartered Accountants, Ahmedabad, retires as Statutory Auditors and have offered themselves to be reappointed as Statutory Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.

AUDITOR'S REPORT:

In the opinion of the Directors, the Notes to the Accounts are self-explanatory and adequately explain the matters, which are dealt with in the Auditors' Report and, therefore, need not require any further comments under section 217 of the Companies Act, 1956.

AUDIT COMMITTEE:

Audit Committee has been constituted in terms of Listing agreement and Section 292A of the Companies Act, 1956. Constitution and other details of audit committee are given in "Report on corporate governance" in this annual report.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limits prescribed u/s 217 (2 A) of the Companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rule, 1975 as amended has not been provided in this report.

PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:

1. Conservation of Energy and Technology Absorption

Not applicable to the Company.

2. Foreign Exchange earning & Outgo: a) Activities relating to exports: Nil.

b) Foreign Exchange Earnings and Outgo.

(Amt. In Rs.)

2010-2011 2009-2010

(i) Earnings NIL NIL

(ii) Outgo NIL NIL

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance of section 217(2AA) of Companies Act, 1956, your directors confirm that:

(a) The Company has followed the applicable standards in the preparation of the Annual Accounts and there had been no material departure.

(b) Directors had selected the accounting policies and applied them consistently and made judgments 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 or loss of the company for the aforesaid period.

(c) The Directors have taken proper and sufficient care for 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.

(d) The Directors have prepared the Annual Accounts on a going concern basis.

MANAGEMENT DISCUSSION & ANALYSIS:

This Annual Report contains a separate section on the Management Discussion and Analysis which forms part of the Directors' Report.

CORPORATE GOVERNANCE:

Your Company is committed to the tenets of good corporate governance and has taken adequate steps to ensure the requirement of Corporate Governance as laid down in clause 49 of the listing Agreement are complied with. The philosophy of the Company on Corporate Governance is to ensure the long term interest of the Shareholders, creation of transparency, maintaining management ethics and developing good corporate culture.

A report on Corporate Governance as required under Clause 49 of this Listing agreement is incorporated as a part of the Directors' Report.

LISTING AGREEMENT:

The equity Shares of the Company are listed on Ahmedabad Stock Exchange Ltd. (ASE) Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The Listing fees for both the Stock Exchange have been paid for the current year.

CASH FLOW ANALYSIS:

In conformity with the provisions of Clause 32 of the Listing Agreement the cash flow statement for the year 31.03.2011 is annexed hereto.

INDUSTRIAL RELATIONS:

During the year, your Company maintained harmonious and cordial Industrial Relations.

ACKNOWLEDGEMENT:

The Board expresses its gratitude and appreciates the efforts of the Companies employees for their continued cooperation and unstinted support extended to the Company. The Board also express their appreciations for the continous assistance and co-operation from the financial institutions, Banks, Government authorities, Customers, Vendors and Shareholders and other Business Associates at all levels to the successful operation of the Company during the year under review.

By Order of the Board of Directors For Kashyap Tele-Medicines Limited Registered Office : 2nd Floor, Pushpawati Building, Girgaon Road, Mumbai-400002.

Place: Ahmedabad Sd/- Date : 30th May, 2011 Managing Director


Mar 31, 2010

The Directors have a great pleasure in presenting the Sixteenth Annual Report along with the Audited Statement of Accounts for the Financial Year ended on 31st March, 2010.

FINANCIAL RESULT:

(Rs. In Lacs)

Particulars 2009-2010 2008-2009

Net Sales/Income from operation and Other Income 5.04 5.02

Total Expenditure 4.54 2.72

Fin. Charges 0.01 0.004

Gross Op. Profit Before Depreciation and Taxation but

after Interest 0.74 2.3

Depreciation 0.15 0.15

Profit (Loss) Before Tax 0.59 2.15

Net Profit/(Loss) after prior period Adjustments 0.59 2.15

Amount available for Appropriation 0.59 2.15

Balance carried to Balance Sheet (279.10) (279.69)



OPERATION AND FUTURE OUT LOOK:

During the year under review, the Companys total turnover was Rs. 5.04 Lacs and Operating Profit was Rs. 0.74 Lacs respectively as against during the previous year the same was Rs. 5.02 Lacs and Rs. 2.3 Lacs. Your Directors are quite confident to achieve better growth and profitability during next year.

DIVIDEND:

In view of the decrease in the profit, your Directors regret their inability to recommend any Dividend for the year under review.

PUBLIC DEPOSITS:

During the year, your Company has not accepted any deposits u/s 58 A of the Companies Act, 1956 from the Public.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and of the Articles of Association of the Company, Mr. Dinesh Jain is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible offers himself for re-appointment.

AUDITORS:

At the ensuing Annual General Meeting M/s. Mehra Anil & Associates., Chartered Accountants,

Ahmedabad, retires as Statutory Auditors and have offered themselves to be reappointed as Statutory Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.

AUDITORS REPORT:

In the opinion of the Directors, the Notes to the Accounts are self-explanatory and adequately explain the matters, which are dealt with in the Auditors Report and, therefore, need not require any further comments under section 217 of the Companies Act, 1956.

AUDIT COMMITTEE:

Audit Committee has been constituted in terms of Listing Agreement and Section 292 A of the Companies Act, 1956. Constitution and other details of audit committee are given in "Report on corporate governance" in this annual report.

PARTICULARS OF EMPLOYEE:

The Company has no employees whose salary exceeds the limits prescribed u/s 217 (2A) of the Companies Act, 1956. Hence information required to be given under the said section read with Companies (Particulars of Employees) Rule, 1975 as amended has not been provided in this report.

PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:

1. Conservation of Energy and Technology Absorption

Not applicable to the Company.

2. Foreign Exchange earning & Outgo:

a) Activities relating to exports: Nil.

b) Foreign Exchange Earnings and Outgo.

In Rs.

2009-2010 2008-2009

(i) Earnings NIL NIL

(ii) Outgo NIL NIL

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance of section 217(2AA) of Companies Act, 1956, your directors confirm that:

(a) The Company has followed the applicable standards in the preparation of the Annual Accounts and there had been no material departure.

(b) Directors had selected the accounting policies and applied them consistently and made judgments 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 or loss of the company for the aforesaid period.

(c) The Directors have taken proper and sufficient care for 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.

(d) The Directors have prepared the Annual Accounts on a going concern basis.

MANAGEMENT DISCUSSION & ANALYSIS:

This Annual Report contains a separate section on the Management Discussion and Analysis which forms a part of the Directors Report.

CORPORATE GOVERNANCE:

Your Company is committed to the tenets of good corporate governance and has taken adequate steps to ensure the requirement of Corporate Governance as laid down in clause 49 of the listing Agreement are complied with. The philosophy of the Company on Corporate Governance is to ensure the long term interest of the Shareholders, creation of transparency, maintaining management ethics and developing good corporate culture.

A report on Corporate Governance as required under Clause 49 of this Listing agreement is incorporated as a part of the Directors Report.

LISTING AGREEMENT:

The equity Shares of the Company are listed on Ahmedabad Stock Exchange Ltd. (ASE) and Bombay Stock Exchange Ltd (BSE), Mumbai. The Listing fees for both the Stock Exchange have been paid for the current year.

CASH FLOW ANALYSIS:

In conformity with the provisions of Clause 32 of the Listing Agreement the cash flow statement for the year 31.03.2010 is annexed hereto.

INDUSTRIAL RELATIONS:

During the year, your Company maintained harmonious and cordial Industrial Relations.

ACKNOWLEDGEMENT:

The Board expresses its gratitude and appreciates the efforts of the Companies employees for their continued cooperation and unstinted support extended to the Company. The Board also express their appreciations for the continues assistance and co-operation from the financial institutions, Banks, Government authorities, Customers, Vendors and Shareholders and other Business Associates at all levels to the successful operation of the Company during the year under review.

Registered Office : By Order of the Board of Directors

2nd Floor, Pushpawati Building, For Kashyap Tele-Medicines Limited Girgaon Road, Mumbai-400002.

Sd/- Place: Ahmedabad Managing Director Date : 30th May, 2010





 
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