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Directors Report of Kkalpana Plastick Ltd.

Mar 31, 2014

Dear Shareowners,

Kalpena Plastiks Limited,

The Directors are pleased to present the 25th Annual Report together with the audited accounts for the year ended 31st March 2014.

Financial Performance

(RsIn Lacs) Particulars 2013-2014 2012-2013

Sales & other Income 40.01 10426.23

Profit before Depreciation , Interest & Tax 9.30 14.85

Less : Depreciation 0.73 0.44

Interest 0.41 0.25

Profit before Tax 8.16 14.16

Less : Provision for Tax 2.08 2.48

Profit After Tax 6.08 11.68

Add: Profit brought forward from previous year. 35.52 23.84

Balance Carried to B/S 41.60 35.52

Operations

The Company has achieved a sales turnover (comprises mainly other income) of Rs. 0.40 Crore during the FY 2013 -14 as against Rs. 104.26 Crore in the previous year. The Profit after tax for the year is Rs. 6.08 lacs as compared to profit of Rs. 11.68 lacs in the previous year.

Dividend

Your Directors feel that there is a need to conserve resources for future plans and regret their inability to recommend any dividend for the current year.

Change of Registered Office

In order to manage the entire operations more economical and more efficient, the Company has shifted its registered office from 3, Saheed Nityananda Saha Sarani, Kolkata - 700 001 to Village: Bhasa, No. 14, P.O. & PS: Bishnupur, Diamond Harbour Road, South 24 Paraganas, WB - 743503 with effect from 01st April, 2014. Due Compliances in this regard have been completed.

Public Deposits

Your Company has not accepted any fixed deposit during the year under review in terms of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposit) Rules, 1975 and hence no amount of principal or interest was outstanding as at the Balance Sheet date.

Directors

In accordance with the provisions of the Companies Act, 2013, Mr. Deo Kishan Kalwani (DIN 03363450),

Whole Time Director of the Company retires by rotation at the conclusion of the forthcoming Annual General Meeting and being eligible, has offered himself for re-appointment.

Mr. Kashi Nath Agarwal and Mr. Mohan Kumar Tiwary resigned from the Directorship of the Company with effect from 03rd October, 2013. Your Directors appreciate the service rendered by them to the Company.

Mr. Deo Kishan Kalwani (DIN 03363450), being appointed as Whole-Time Director of the Company with effect from 01st April, 2014. Appropriate resolution for his reappointment is being placed before you for your approval at the ensuing Annual General Meeting.

Mr. Jitendra Tiwari (DIN 00228352) and Mrs. Ananya Dey (DIN 01297763), being non-executive independent directors have submitted a declaration to the Board that they meet the criteria of independence as provided under section 149(6) of the Act. In compliance with the provisions of section 149 read with Schedule IV of the Act, the appointment of these directors as Independent Directors is now being placed before you for your approval.

Your Company has received from the Independent Directors Certificate of Independence, as enumerated in section 149(6) of the Companies Act,2013.

The brief resume and other information of the eligible directors in terms of the provisions of clause 49 of the Listing Agreement with Stock Exchanges have been detailed elsewhere in the notice. Your Directors recommends his reappointment as Director of your Company.

Directors'' Responsibility Statement

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

- In preparation of the annual accounts, the appropriate accounting standards have been followed. There are no material departures from these applicable accounting standards.

- the directors have selected such 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 as at 31st March, 2014 and its loss for the year ended on that date.

- The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- The directors have prepared the annual accounts on a going concern basis.

Auditors and Auditors'' Report

The Statutory Auditors of the Company, M/s Maloo & Co., Chartered Accountants, Kolkata (Firm Registration No.310062E), retire at the ensuing Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed. The Audit Committee and the Board of Directors recommends the re-appointment of M/s Maloo & Co., Chartered accountants, as the Auditors of the Company upto the conclusion of next Annual General Meeting.

Cost Audit

As per the Cost Audit Order vide no. 52/26/CAB- 2010 dated November 6, 2012, issued by the MCA under Section 233B of the Companies Act, 1956, the board had appointed M/s. D. Sabyasachi & Co., Cost Accountants, Kolkata to carry out the cost audit of the Company for the financial year 2012-13. The due date for filing the cost audit report for the financial year 2012-13 was September 30, 2013. This report was filed within the prescribed time in the XBRL format with the MCA.

Pursuant to section 148 of the Companies Act, 2013 and subject to notification of rules thereunder, the board of directors on the recommendation of the audit committee appointed M/s. D. Sabyasachi & Co., Cost Accountants, Kolkata, as the Cost Auditors of the Company for the financial year 2014-15. M/s. D. Sabyasachi & Co. have confirmed that their appointment is within the limits and they are free from any disqualifications as provided in section 141 of the Companies Act, 2013.

Particulars of Employees

None of the employees employed throughout the year or part of the year who was in receipt of salary of Rs. 5,00,000 /- or more per month or Rs. 60,00,000 /- or more per annum, therefore, no details have been provided or required under section 217 (2A) of the Companies Act, 1956 read with the Company (Particulars of Employees) Rules, 1975.

Industrial Relations

The Company continued to attract and retain qualified and diligent employees. Various senior and junior employees were recruited to add to the existing strength. During the year, your company maintained harmonious and cordial Industrial Relations.

Management Discussion and Analysis

In accordance with Clause 49 of the Listing Agreement with the Stock Exchanges in India, the Management''s Discussion and Analysis Report for the year under review, is presented in a separate section forming part of the Annual Report and marked as Annexure ''A''.

Corporate Governance

A separate section on Corporate Governance, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India, forming part of the Annual Report and marked as Annexure ''B''.

A certificate from the Auditors of the Company M/s Maloo & Co., Chartered Accountants, Kolkata, confirming compliance of conditions of Corporate Governance as stipulated under the aforesaid Clause 49, is annexed to this Report.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo.

Particulars required to be furnished under Section 217(1) (e) of The Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988.

i. Part A and Part B of the Rules, pertaining to conservation of Energy and technology absorption, are not applicable to the Company

ii. Foreign Exchange earnings and outgo

Earning Nil

Outgo Nil

Acknowledgement

Your Directors wish to convey their sincere appreciation to all of the Company''s employees and workers at all level for their enormous personal efforts as well as their collective contribution to the Company''s performance.

Your Directors also wish to thank to all the shareholders, customers, dealers, suppliers, bankers, financial institutions, Govt. authorities and all the other business associates for the continued support given by them to the Company and their confidence in its management.

Registered Office: By Order of the Board of Directors 14, Bishnupur, Diamond Harbour Road, Bhasa, South 24 PGS - 743503

J.Tiwari Date: 29th May, 2014. (Chairman)


Mar 31, 2013

Dear Shareholder of Kalpena Plastiks Limited

The Directors are pleased to present the 24th Annual Report together with the audited accounts for the year ended 31st March 2013.

Financial Performance (Rs. In Lacs)

Particulars 2012-2013 2011-2012

Sales & other Income 10426.23 4119.61

Profit before Depreciation , Interest & Tax 14.85 (5.72)

Less : Depreciation 0.44 0.11

Interest 0.25 0.09

Profit before Tax 14.16 (6.97)

Less : Provision for Tax 2.48 0

Profit After Tax 11.68 (6.97)

Add: Profit brought forward from previous year. 23.84 30.81

Balance Carried to B/S 35.52 23.84

Operations

The Company has achieved a sales turnover of Rs. 104.26 Crore during the FY 2012 -13 as against Rs. 41.19 Crore in the previous year. The Profit after tax for the year is Rs. 11.68 lacs as compared to loss of Rs. 6.97 lacs in the previous year.

Dividend

Your Directors feel that there is a need to conserve resources for future plans and regret their inability to recommend any dividend for the current year.

Public Deposits

Your Company has not accepted any fixed deposit during the year under review in terms of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposit) Rules, 1975 and hence no amount of principal or interest was outstanding as at the Balance Sheet date.

Directors

Mr.B.L.Bohara resigned from the Directorship of the Company with effect from 16th January, 2013. Your Directors appreciate the service rendered by him to the Company.

Mr. Kashi Nath Agarwal, Director of the company, liable to retire by rotation at the forthcoming Annual General Meeting and being eligible, offer himself for reappointment.

Appropriate resolution for his reappointment is being placed before you for your approval at the ensuing Annual General Meeting. The brief resume and other information of the eligible directors in terms of the provisions of clause 49 of the Listing Agreement with Stock Exchanges have been detailed elsewhere in the notice. Your Directors recommends his reappointment as Director of your Company.

Directors'' Responsibility Statement

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors hereby confirm that: In preparation of the annual accounts, the appropriate accounting standards have been followed. There are no material departures from these applicable accounting standards.

- the directors have selected such 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 as at 31st March, 2013 and its loss for the year ended on that date.

- The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- The directors have prepared the annual accounts on a going concern basis.

Auditors and Auditors'' Report

The Statutory Auditors of the Company, M/s Maloo & Co., Chartered Accountants, Kolkata, retire at the conclusion of the ensuing Annual General Meeting of the Company and confirmed their willingness and eligibility for re-appointment, if made, will be within the limits under section 224(1 B) of the Companies Act, 1956 and that they are not disqualified for re-appointment within the meaning of section 226 of the Companies Act, 1956.

Further, the Auditors have confirmed that they have undergone the peer review process of the Institute of Chartered Accountants of India (ICAI) and yet to receive the certificate from the ''Peer Review Board'' of ICAI. The observations of the Auditors in the Report on Accounts read with the relevant notes are self - explanatory.

Cost Audit

M/s. D. Sabyasachi & Co., Cost Accountants, Kolkata have been appointed as Cost Auditors of the Company for the Financial Year 2013-14 commencing 1st April, 2014, subject to approval of the Central Government. Compliance Audit relating to ''PVC Compound'' for the year ended 31st March, 2013, has been conducted by the said cost auditors and related report has been submitted to the Ministry of Corporate Affairs, Government of India within the prescribed time.

Particulars of Employees

None of the employees employed throughout the year or part of the year who was in receipt of salary of Rs. 5,00,000 /- or more per month or Rs. 60,00,000 /- or more per annum, therefore, no details have been provided or required under section 21 7 (2A) of the Companies Act, 1 956 read with the Company (Particulars of Employees) Rules, 1975.

Industrial Relations

The Company continued to attract and retain qualified and diligent employees. Various senior and junior employees were recruited to add to the existing strength. During the year, your company maintained harmonious and cordial Industrial Relations.

Management Discussion and Analysis

In accordance with Clause 49 of the Listing Agreement with the Stock Exchanges in India, the Management''s Discussion and Analysis Report for the year under review, is presented in a separate section forming part of the Annual Report and marked as Annexure ''A''.

Corporate Governance

A separate section on Corporate Governance, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India, forming part of the Annual Report and marked as Annexure ''B''.

A certificate from the Auditors of the Company M/s Maloo & Co., Chartered Accountants, Kolkata, confirming compliance of conditions of Corporate Governance as stipulated under the aforesaid Clause 49, is annexed to this Report.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo.

Particulars required to be furnished under Section 217(1) (e) of The Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988.

i. Part A and Part B of the Rules, pertaining to conservation of Energy and technology absorption, are not applicable to the Company

ii. Foreign Exchange earnings and outgo Earning Nil

Outgo Nil

Acknowledgement

Your Directors wish to convey their sincere appreciation to all of the Company''s employees and workers at all level for their enormous personal efforts as well as their collective contribution to the Company''s performance.

Your Directors also wish to thank to all the shareholders, customers, dealers, suppliers, bankers, financial institutions, Govt. authorities and all the other business associates for the continued support given by them to the Company and their confidence in its management.

3, Saheed Nityananda Saha Sarani, For and on behalf of the Board

Kolkata 700 001

J. Tiwari

Date: 30th May, 2013 Chairman


Mar 31, 2012

The Directors are pleased to present the 23rd Annual Report together with the audited accounts for the year ended 31st March 2012.

Financial Performance (Rs. In Lacs)

Particulars 2011-2012 2010-2011

Sales & other Income 4119.61 1910.25

Profit before Depreciation, Interest & Tax (5.72) 10.53

Less : Depreciation 0.11 0.57

Interest 0.09 0.03

Profit before Tax (6.97) 9.93

Less : Provision for Tax 0 2.68

Profit After Tax (6.97) 7.25

Add : Profit brought forward from previous year. 30.81 23.56

Balance Carried to B/S 23.84 30.81

Operations

During the year 2011-12, the company has achieved a sales turnover of Rs. 41 Crore, against Rs. 19 Crore in the previous year. However, the company sufferes a loss of Rs. 6.97 lacs as against profit of Rs. 7.25 lacs in the previous year. This is mainly due to high raw material cost.

Dividend

Your Directors feel that there is a need to conserve resources for future plans and regret their inability to recommend any dividend for the current year.

Public Deposits

Your Company has not accepted any fixed deposit during the year under review in terms of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposit) Rules, 1975 and hence no amount of principal or interest was outstanding as at the Balance Sheet date.

Directors

Mr. Deo Kishan Kalwani, Director of the company, liable to retire by rotation at the forthcoming Annual General Meeting and being eligible, offer himself for reappointment.

Appropriate resolution for his reappointment is being placed before you for your approval at the ensuing Annual General Meeting. The brief resume and other information of the eligible directors in terms of the provisions of clause 49 of the Listing Agreement with Stock Exchanges have been detailed elsewhere in the notice. Your Directors recommends his reappointment as Director of your Company.

Directors' Responsibility Statement

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

- In preparation of the annual accounts, the appropriate accounting standards have been followed. There are no material departures from these applicable accounting standards.

- The directors have selected such 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 as at 31st March, 2012 and its loss for the year ended on that date.

- The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- The directors have prepared the annual accounts on a going concern basis.

Auditors and Auditors' Report

The Statutory Auditors of the Company, M/s Maloo & Co., Chartered Accountants, Kolkata, retire at the conclusion of the ensuing Annual General Meeting of the Company and confirmed their willingness and eligibility for re-appointment, if made, will be within the limits under section 224(1 B) of the Companies Act, 1956 and that they are not disqualified for re-appointment within the meaning of section 226 of the Companies Act, 1956.

Further, the Auditors have confirmed that they have undergone the peer review process of the Institute of Chartered Accountants of India (ICAI) and yet to receive the certificate from the 'Peer Review Board' of ICAI. The observations of the Auditors in the Report on Accounts read with the relevant notes are self - explanatory.

Cost Audit

M/s. D. Sabyasachi & Co., Cost Accountants, Kolkata have been appointed as Cost Auditors of the Company for the Financial Year 2012-13 commencing 1st April, 2012, subject to approval of the Central Government. Compliance Audit relating to 'PVC Compound' for the year ended 31st March, 2012, has been conducted by the said cost auditors and related report will be submitted to the Ministry of Corporate Affairs, Government of India within the prescribed time.

Particulars of Employees

None of the employees employed throughout the year or part of the year who was in receipt of salary of Rs. 5,00,000 /- or more per month or Rs. 60,00,000 /- or more per annum, therefore, no details have been provided or required under section 217 (2A) of the Companies Act, 1956 read with the Company (Particulars of Employees) Rules, 1975.

Industrial Relations

The Company continued to attract and retain qualified and diligent employees. Various senior and junior employees were recruited to add to the existing strength. During the year, your company maintained harmonious and cordial Industrial Relations.

Management Discussion and Analysis

In accordance with Clause - 49 of the Listing Agreement with the Stock Exchanges in India , the Management's Discussion and Analysis Report for the year under review, is presented in a separate section forming part of the Annual Report and marked as Annexure - 'A'.

Corporate Governance

A separate section on Corporate Governance, as stipulated under Clause - 49 of the Listing Agreement with the Stock Exchanges in India, forming part of the Annual Report and marked as Annexure - 'B'.

A certificate from the Auditors of the Company M/s Maloo & Co., Chartered Accountants, Kolkata, confirming compliance of conditions of Corporate Governance as stipulated under the aforesaid Clause 49, is annexed to this Report.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo.

Particulars required to be furnished under Section 217(1) (e) of The Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988.

i. Part A and Part B of the Rules, pertaining to conservation of Energy and technology absorption, are not applicable to the Company

ii. Foreign Exchange earning and outgo

Earning Nil

Outgo Nil

Acknowledgement

Your Directors wish to convey their sincere appreciation to all of the Company's employees and workers at all level for their enormous personal efforts as well as their collective contribution to the Company's performance.

Your Directors also wish to thank to all the shareholders, customers, dealers, suppliers, bankers, financial institutions, Govt. authorities and all the other business associates for the continued support given by them to the Company and their confidence in its management.

Registered Office: By Order of the Board of Directors

3, Saheed Nityananda Saha

Sarani, 2nd Floor

Kolkata 700 001 J.Tiwari

(Chairman)

Date : 31st August, 2012


Mar 31, 2010

The Directors are pleased to present the 21st (Twenty First) Annual Report together with the audited accounts for the year ended 31st March 2010.

Financial Performance

(Rs. In Lacs)

Particulars 2009-2010 2008-2009

Sales & other Income 9847.60 11087.65

Profit before Depreciation , Interest & Tax 11.20 15.18

Less : Depreciation 0.99 0.91

Interest 0.01 0.08

Profit before Tax 10.19 14.19

Less : Provision for Tax 1.70 01.78

Profit After Tax 8.48 12.41

Add : Profit brought forward from previous year. 15.07 2.66

Balance Carried to B/S 23.56 15.07



Operations

During the year 2009-10, the company has a sales turnover of Rs. 98 Crore, against Rs. 110 Crore in the previous year.

The Company’s Sales have declined to a little extent comparing to the previous year.

Dividend

Since the company is currently at revival stage, the directors of the company consider it prudent to conserve resources and therefore do not recommend any dividend on equity shares for the financial year under review.

Preferential Issue of Shares

In order to meet the growth objectives and to strengthen the financial position i.e. to raise resources for long term working capital requirements and for general corporate purpose, the company has issued and allotted 32,60,035 equity shares of Rs.10/- each of the company at par on 06th January, 2010 , to the promoters/ promoter groups on preferential basis.

Consequent to the aforesaid allotment the paid up capital of the Company has gone up from 22, 68,500 equity shares of Rs. 10/- each to 55, 28,535 equity shares of Rs. 10/- each. The aforesaid shares are yet to be listed on the exchange(s).

Diversification of Business & Change of main objects in the Memorandum of Association of the Company The Directors of your Company have been considering various proposals to diversify into certain new business ventures. For last couple of years, the company was engaged in the business related to Plastic Compounds, Granules, PVC and related Products. Currently these sectors promise a bright future and the Company will also enlarge the area of operation of the Company. The Company has discontinued the business of Gems & Jewellery and diversified into the Business of Plastics, Granules and PVC and consequently changed its main objects in the Memorandum & Association by substituting the objects related to Plastics, Granules and PVC.

Change of Name

In order to facilitate the diversification of business, the company has changed its name from SARLA GEMS LIMITED to KALPENA PLASTIKS LIMITED with effect from 09th October, 2009. Necessary cer- tificate from the Registrar of Companies, West Bengal has been obtained and due compliances in this regards has been completed.

Connectivity with Depositories

In order to offer the shareholders the opportunity to hold the shares in de mat mode and to facilitate the trading of shares in nationwide terminal of stock exchanges , the company has obtained the connectivity of both the depositories i.e. National Securities Depository Limited (NSDL) & Central Depository Services (India) Limited (CDSL). The ISIN No of the Company is INE 465K01016.

Revocation of Trading of Shares

The suspension of trading of company’s shares was revoked by Bombay Stock Exchange vide their letter dated 9th October, 2009 we.f 16th October, 2009. Now the shares of your company are traded in BSE’s online terminal.

Public Deposits

Your Company has not accepted any fixed deposit during the year under review in terms of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposit) Rules, 1975 and hence no amount of principal or interest was outstanding as at the Balance Sheet date.

Directors

In term of Articles 130 &131 of Articles of Association of the Company Shri Jitnedra Tiwari, Director retires by rotation and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

A brief resume of the Directors proposed to be appointed / re- appointed nature of their expertise in specific functional areas etc. as stipulated under clause 49 of the listing agreements with stock exchanges, are provided elsewhere in the notice.

Directors’ Responsibility Statement

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

- in preparation of the annual accounts, the appropriate accounting standards have been fol- lowed. There are no material departures from these applicable accounting standards.

- the directors have selected such 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 as at 31st March, 2010 and its profit for the year ended on that date.

- the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- the directors have prepared the annual accounts on a going concern basis.

Auditors

M/s Maloo & Co., Chartered Accountants, Auditors of the Company, retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

The Company has received letter from the auditor to the effect that their re-appointment, if made, would be within the limits prescribed under Section 224(1 B) of the Companies Act, 1956 and that they are not disqualified for such re-appointment within the meaning of Section 226 of the Companies Act, 1956. Further, the Auditors have confirmed that they have undergone the peer review process of the Institute of Chartered Accountants of India (ICAI) and yet to receive the certificate from the ‘Peer Review Board’ of ICAI. The observations of the Auditors in the Report on Accounts read with the relevant notes are self - explanatory.

Particulars of Employees

None of the employees employed throughout the year or part of the year who was in receipt of salary of Rs. 2,00,000 /- or more per month or Rs. 24,00,000 /- or more per annum, therefore, no details have been provided or required under section 217 (2A) of the Companies Act, 1956 read with the Company (Particulars of Employees) Rules, 1975.

Industrial Relations

The Company continued to attract and retain qualified and diligent employees. Various senior and junior employees were recruited to add to the existing strength. During the year, your company maintained harmonious and cordial Industrial Relations.

Management Discussion and Analysis

A Management Discussion and Analysis Report as required under the Listing Agreement with the Stock Exchanges is annexed hereto and marked as Annexure - ‘A.

Corporate Governance

The report on Corporate Governance as stipulated under clause 49 of the listing agreement with the Stock Exchange(s), forms part of Annual Report and marked as Annexure - ‘B’.

A certificate from the Auditors of the Company M/s Maloo & Co., Chartered Accountants, confirming compliance with conditions of Corporate Governance as stipulated under the aforesaid Clause 49, is annexed to this Report.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo.

Particulars required to be furnished under Section 217(1) (e) of The Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988.

i. Part A and Part B of the Rules, pertaining to conservation of Energy and technology absorp- tion, are not applicable to the Company.

ii. Foreign Exchange earning and outgo

Earning Nil Outgo Nil

Acknowledgement

Your Directors wish to thank and acknowledge the Banks, Government Authorities, Dealers, Suppliers, Business Associates, and the Company’s valued customers, for their Assistance and Co-Operation and the esteemed Shareholders for their continued trust and support.

The Directors also wish to acknowledge the committed and dedicated team of Kalpena Plastiks Limited, whose unstinted hard work, efforts and ideas has taken the Company on a path of growth and develop- ment.



3, Saheed Nityananda Saha Sarani For and on behalf of the Board

Kolkata-700 001

J. Tiwari

Date : 4th Day of September, 2010 Chairman