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Directors Report of Praveen Properties Ltd.

Mar 31, 2015

Dear Members,

The Directors have pleasure in presenting their Twenty First Annual Report on the Operations of the Company together with the Audited Balance Sheet as at 31st March, 2015 and Profit and loss account for the year ended 31st March, 2015.

1. FINANCIAL STATUS :

There was no operating income during the year under review. However the expenditure amounted to Rs.2,64,420/- (including depreciation Rs.65,500/-).

2. OPERATIONS AND FUTURE PLANS :

During the financial year 2014-2015, the Company had not taken up any construction activity. The Directors expect that the activities would show improvement during the years to come.

3. FIXED DEPOSITS:

Your company has not accepted any fixed deposits from the public. Hence, no information is required to be appended to the report.

4. DIVIDEND:

In view of the losses suffered by the company, your company is not in a position to recommend payment of dividend for the financial year ended 31st March, 2015.

5. SUBSIDIARY COMPANIES:

There are no Subsidiary Companies.

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

The Company has no activity relating to conservation of energy or technology absorption and there are no Foreign Exchange Earnings as well as Foreign Exchange Outgo.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

The internal control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems and procedures are upgraded to suit the changing business needs.

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS' RESPONSIBILTY STATEMENT :

Pursuant to the requirement u/s 134(5) of the Companies Act, 2013 with respect to Directors' Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) The selected accounting policies were applied consistently and the directors made judgement 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, 2015 and of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act,2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(iv) The annual accounts have been prepared on a "going concern" basis.

(v) The directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating and were operating effectively.

10. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A') alongwith Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditor's Report on Compliance of conditions of Corporate Governance.

11. AUDITORS :

Mr. Rangan N. Kannan, Chartered Accountant, Chennai, Statutory Auditor of the company retires at the ensuring Annual General Meeting. His re-appointment is recommended.

12. SECRETARIAL AUDIT :

Secretarial audit report as provided by Mr. S. Shreenivasan, Practicing Company Secretary is annexed to this Report as Annexure thereto.

13. RISK MANAGEMENT :

The Company has well defined Risk Management Policy in place. The fact that the Risks and opportunities are inevitably intertwined is well recognized by the Company and thus aims to identify, manage and minimize, risks, strategically. It is committed to embedding risk management throughout the organization and its systems and controls are designed to ensure that exposure to significant risk is properly managed. With the predefined risk management principles and policy, the Company identifies, categorizes, assesses and addresses risks.

Key Elements of Risks :

1. Global Economic Situation: The Economic environment around the world is showing sign of growth. Growth in the Construction industry has been fairly positive.

2. Cost pressure: Increasing operating cost may create a pressure on margin. The Company is focusing to put up framework for cost management.

3. Regulatory risks: Any Change in regulations in the field of our operations would have an impact on the operations. The Company is vigilant on such changes for easy adaptability.

14. FORMAL ANNUAL EVALUATION :

Criteria for evaluation of performance of Independent Directors, Committees and the Board has been laid by the Nomination and Remuneration Committee for their formal evaluation using various professional attributes, including expertise, skills, behaviour, experience, leadership qualities, knowledge, performance culture, responsibility, etc. Evaluation of Directors' performance based on the criteria is done periodically, or as decided by the Nomination and Remuneration Committee and the same is reported to the Board, in case of challenging situations.

Your company has generally complied with all the rules, regulations, notifications and guidelines, issued by the concerned authorities as applicable to our company from time to time.

15. DISCLOSURE ABOUT COST AUDIT :

Provisions relating to Cost Audit are not applicable to the Company.

16. SECRETARIAL STANDARDS :

Secretarial Standards, as applicable on he date of this report are followed by the Company.

17. PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS:

The Company has duly complied with the provision of Section 186 of the Companies Act, 2013 and it has not given any loans, guarantees and investments.

18. VIGIL MECHANISM:

In view of ordinary course of business the policy of Whistle Blower Mechanism is not required.

19. DISCLOSURE AS REQUIRED UNDER SECTION 22 OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT. 2013

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Internal Complaints Committee ("ICC") has been set up to redress the complaints received regarding sexual harassment. All employees are covered under this policy.

The following is the summary of the complaints received and disposed off during the financial Year 2014-15: a) No. of complaints received: NIL

b) No. of complaints disposed off: NIL

20. ACKNOWLEDGEMENT :

The Board of Directors thanks the Banks, Government Authorities and all the stakeholders for their continued co-operation and support to your company.

FOR AND ON-BEHALF OFTHE BOARD For PRAVEEN PROPERTIES LIMITED

Place : Chennai - 600 017 sd/- B. GNANASEKARAN Date : 22.05.2015 Chairman and Managing Director


Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting their TWENTIETH Annual Report on the Operations of the Company together with the Audited Balance Sheet as at 31st March, 2014 and Profit and loss account for the year ended 31st March, 2014.

1. FINANCIAL STATUS :

There were no operating income during the year under review. However, the expenditure was amounted to Rs.8,27,040/- resulting in loss.

2. OPERATIONS AND FUTURE PLANS :

During the financial year 2013-2014, the Company had not taken up any construction activity. The Directors expect that the activities would show improvement during the years to come.

3. FIXED DEPOSITS:

Your company has not accepted any fixed deposits from the public. Hence, no information is required to be appended to the report.

4. DIVIDEND;

In view of the losses suffered by the company, your company is not in a position to recommend payment of dividend for the financial year ended 31st March, 2014.

5. SUBSIDIARY COMPANIES:

There are no Subsidiary Companies.

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

The Company has no activity relating to conservation of energy or technology absorption and there are no Foreign Exchange Earnings as well as Foreign Exchange Outgo.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

The internal control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems and procedures are upgraded to suit the changing business needs.

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement u/s 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) The selected accounting policies were applied consistently and the directors made judgement 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 of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken 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 annual accounts have been prepared on a “going concern” basis.

10. STATEMENT PURSUANT TO LISTING AGREEMENT :

The company''s securities are listed with Chennai (Madras), Coimbatore, Bangalore, Hyderabad and Mumbai Stock Exchange.

11. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A'') along with Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditor''s Report on Compliance of conditions of Corporate Governance.

12. DIRECTORATE :

In compliance with the provisions of the Companies Act, 1956, and also in accordance with company''s Articles of Association, Mr. B. Gnanasekaran, retires at the forthcoming Annual General Meeting and being eligible, offers himself for re-appointment.

As required under the listing agreement, the particulars of Directors who are proposed to be re-appointed are given below:

Name : Sri. B. Gnanasekaran

Age : 63 years

Experience : 23 years

Other Directorships in Indian companies : Nil

During the financial year: 2013 - 2014, Mr. G. Madhan & Mrs. G. Praveena were appointed as Additional Directors and subsequently Mrs. B. Vittobai & Mrs. Girija Sekaran resigned from the Board.

13. AUDITORS :

The retiring auditor, Mr. Rangan N. Kannan, Chartered Accountant, retires and is eligible for Re-appointment. Certificate from the Auditor has been received 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.

14. EMPLOYEES :

The Board of Directors wishes to express its appreciation to all the employees of the company for their outstanding contribution to the operations of the company during the year. There were no employees covered under section 217(2A) of the Companies Act, 1956. Hence information pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, not applicable.

15. COMPLIANCE STATUS :

Your company has complied with all the rules, regulations, notifications and guidelines, issued by the concerned authorities as applicable to our company from time to time.

16. ACKNOWLEDGEMENT :

The Board of Directors thanks the Banks, Government Authorities and all the stakeholders for their continued co-operation and support to your company.

FOR AND ON BEHALF OF THE BOARD For PRAVEEN PROPERTIES LIMITED

Place : Chennai - 600 017 sd/- B. GNANASEKARAN Date : 30.05.2014 Chairman and Managing Director


Mar 31, 2013

To THE MEMBERS

The Directors have pleasure in presenting their NINETEENTH Annual Report on the Operations of the Company together with the Audited Balance Sheet as at 31st March, 2013 and Profit and loss account for the year ended 31st March, 2013.

1. FINANCIAL STATUS :

The results for the year under review show a Loss of Rs.3,16,890/- on the total income comprising of business income, rental income, interest income and other income after providing for depreciation of Rs. 14,930/-.

2. OPERATIONS AND FUTURE PLANS :

During the financial year 2012-2013, the Company has not taken up any construction, activity. The Directors expect that the activities would show improvement during the years to come.

3. FIXED DEPOSITS:

Your company has not accepted any fixed deposits from the public; Hence, no information is required to be appended to the report.

4. DIVIDEND:

In view of the losses suffered'' by the company, your company is not in a position to recommend payment of dividend for the financial year ended 31st March, 2013.

5. SUBSIDIARY COMPANIES:

There are no Subsidiary Companies.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

- The internal control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems arid procedures are upgraded to suit the changing business needs. ¦

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS'' RESPONSIBILTY STATEMENT :

Pursuant to the requirement u/s 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have . been followed;

(ii) The selected accounting policies were applied consistently and the directors 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 as at 31st March, 2013 and of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken 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; "

(iy) The annual accounts have been prepared on a "going concern" basis.

10. STATEMENT PURSUANT TO LISTING AGREEMENT :

The company''s securities are listed with Chennai (Madras), Coimbatore, Bangalore, Hyderabad and Mumbai Stock Exchange.

11. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A'') along with Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditor''s Report on Compliance of conditions of Corporate. Governance.

12. DIRECTORATE :

In compliance with the provisions of the Companies Act, 1956, and also in accordance with company''s Articles of Association, Mr. B. Gnanasekaran, retires at the forthcoming Annual General Meeting and being eligible, offers himself for re-appointment.

As required under the listing agreement, the particulars of Directors who are proposed to be re-appointed are given below:

Name : Sri. B. Gnanasekaran

Age : 61 years

Experience : 22 years

Other Directorships in Indian companies : Nil

13. AUDITORS :

The retiring auditor, Mr. Rangan N. Kannan, Chartered Accountant, retires and is eligible for Re-appointment. Certificate from the Auditor has been received 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.

14. EMPLOYEES :

The Board of Directors wishes to express its appreciation to all the employees of the company for their outstanding contribution to the operations of the company during the year. There were no employees covered under section 217(2A) of the Companies Act, 1956. Hence information pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, not applicable. .

15. COMPLIANCE STATUS :

Your company has complied with all the rules, regulations, notifications and guidelines, issued by the concerned authorities as applicable to our company from time to time.

16. ACKNOWLEDGEMENT

The Board of Directors thanks the Banks, Government Authorities and all the stakeholders for their continued co-operation and support to your company.

FOR AND ON BEHALF OFTHE BOARD

For PRAVEEN PROPERTIES LIMITED



Place : Chennai-600 017 sd/-B. GNANASEKARAN

Date : 31.05.2013 Chairman and Managing Director


Mar 31, 2012

The Directors have pleasure in presenting their EIGHTEENTH Annual Report on the Operations of the Company together with the Audited Balance Sheet as at 31st March, 2012 and Profit and loss account for the year ended 31st March, 2012.

1. FINANCIAL STATUS :

The results for the year under review show a Profit of Rs. 9,59,930/- on the total income comprising of business income, rental income, interest income and other income after providing for depreciation of Rs. 15,490/-.

2. OPERATIONS AND FUTURE PLANS :

During the financial year 2011-2012, the Company has not made constructions. The Directors expect that the* activities would show improvement during the years to come.

3. FIXED DEPOSITS.

Your company has not accepted any fixed deposits from the public. Hence, no information is required to be appended to the report.

4. DIVIDEND:

In view of the losses suffered by the company, your company is not in a position to recommend payment of dividend for the financial year ended 31st March, 2012.

5. SUBSIDIARY COMPANIES;

There are no Subsidiary Companies.

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

The Company has no activity relating to conservation of energy or technology absorption and there are no Foreign Exchange Earnings as well as Foreign Exchange Outgo.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

The internal control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems and procedures are upgraded to suit the changing business needs.

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant to the requirement u/s 217(2AA) of the Companies Act, 1956 with respect to Directors' Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) The selected accounting policies were applied consistently and the directors 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 of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken 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 annual accounts have been prepared on a "going concern" basis.

10. STATEMENT PURSUANT TO LISTING AGREEMENT :

The company's securities are listed with Chennai (Madras), Coimbatore, Bangalore, Hyderabad and Mumbai Stock Exchange.

11. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A') alongwith Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditor's Report on Compliance of conditions of Corporate Governance.

12. DIRECTORATE :

In compliance with the provisions of the Companies Act, 1956, and also in accordance with company's Articles of Association, Smt. G. Girijasekar, retires at the forthcoming Annual General Meeting and being eligible, offers herself for re-appointment.

As required under the listing agreement, the particulars of Directors who are proposed to be re-appointed are given below:

Name : Smt. G. Girijasekaran

Age : 53 years Experience : 18 years

Other Directorships in Indian companies : Nil

13. AUDITORS :

The retiring auditor, Mr. Rangan N. Kannan, Chartered Accountant, retires and is eligible for Re-appointment. Certificate from the Auditor has been received to the effect that their re-appointment, if made, would be within the limits prescribed under Section 224(1B) of the Companies Act, 1956.

14. EMPLOYEES :

The Board of Directors wishes to express its appreciation to all the employees of the company for their outstanding contribution to the operations of the company during the year. There were no employees covered under section 217(2A) of the Companies Act, 1956. Hence information pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, not applicable.

15. COMPLIANCE STATUS :

Your company has complied with all the rules, regulations, notifications and guidelines, issued by the concerned authorities as applicable to our company from time to time.

16. ACKNOWLEDGEMENT :

The Board of Directors thanks the Banks, Government Authorities and all the stakeholders for their continued co-operation and support to your company.

FOR AND ON BEHALF OF THE BOARD For PRAVEEN PROPERTIES LIMITED

sd/- B. GNANASEKARAN Chairman and Managing Director

Place : Chennai-600 017 Date : 25.05.2012


Mar 31, 2010

The Directors have pleasure in presenting their Sixteenth Annual Report on the Operations of the Company together with the Audited Balance Sheet as at 31s1 March, 2010 and Profit and loss account for the year ended 31st March, 2010.

1. FINANCIAL STATUS :

The results for the year under review show a Loss of Rs.2,67,370/- after providing for depreciation of Rs.15,700/-.

2. OPERATIONS AND FUTURE PLANS :

During the financial year 2009-2010, the Company has not made constructions. The Directors expect that the activities would show improvement during the years to come.

3. FIXED DEPOSITS:

Your company has not accepted any fixed deposits from the public. Hence, no information is required to be appended to the report.

4. DIVIDEND:

In view of the losses suffered by the company, your company is not in a position to recommend payment of dividend for the financial year ended 31s1 March, 2010.

5. SUBSIDIARY COMPANIES:

There are no Subsidiary Companies.

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

The Company has no activity relating to conservation of energy or technology absorption and there are no Foreign Exchange Earnings as well as Foreign Exchange Outgo.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

The interna! control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems and procedures are upgraded to suit the changing business needs.

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS RESPONSIBILTY STATEMENT :

Pursuant to the requirement u/s 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) The selected accounting policies were applied consistently and the directors 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 31s" March, 2010 and of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken 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 annual accounts have been prepared on a "going concern" basis.

10. STATEMENT PURSUANT TO LISTING AGREEMENT :

The companys securities are listed with Chennai (Madras), Coimbatore, Bangalore, Hyderabad and Mumbai Stock Exchange.

11. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A) alongwith Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditors Report on Compliance of conditions of Corporate Governance.

12. DIRECTORATE :

In compliance with the provisions of the Companies Act, 1956, and also in accordance with companys Articles of Association, Smt. G. Girijasekaran, retires at the forthcoming Annual General Meeting and being eligible, offers herself for re-appointment.

7. INTERNAL CONTROLS AND THEIR ADEQUACY:

The internal control systems are commensurate to the size of the operation of the Company. Whenever it is required, the systems and procedures are upgraded to suit the changing business needs.

8. RESEARCH AND DEVELOPMENT :

The Company has not carried out any research and development activities during the year.

9. DIRECTORS RESPONSIBILTY STATEMENT :

Pursuant to the requirement u/s 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility Statement, your Directors confirm, that-

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) The selected accounting policies were applied consistently and the directors 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 31s1 March, 2010 and of the loss of the company for the year ended on that date;

(iii) proper and sufficient care has been taken 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 annual accounts have been prepared on a "going concern" basis.

10. STATEMENT PURSUANT TO LISTING AGREEMENT :

The companys securities are listed with Chennai (Madras), Coimbatore, Bangalore, Hyderabad and Mumbai Stock Exchange.

11. CODE OF CORPORATE GOVERNANCE :

A detailed report, as per Clause 49 of the listing agreement, on Corporate Governance (Annexure A) alongwith Management Discussion and Analysis are updated with the particulars of this financial year. Also annexed herewith Auditors Report on Compliance of conditions of Corporate Governance.

12. DIRECTORATE :

In compliance with the provisions of the Companies Act, 1956, and also in accordance with companys Articles of Association, Smt. G. Girijasekaran, retires at the forthcoming Annual General Meeting and being eligible, offers herself for re-appointment.

As required under the listing agreement, the" particulars of Directors who are proposed to be re-appointed are given below:

Name : Smt G. Girijasekaran

Age : 51 years

Experience : 16 years Other Directorships in Indian companies 1

13. AUDITORS :

The retiring auditor, Mr. Rangan N. Kannan, Chartered Accountant, retires and is eligible for Re-appointment. Certificate from the Auditor has been received 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.

14. EMPLOYEES :

The Board of Directors wishes to express its appreciation to all the employees of the company for their outstanding contribution to the operations of the company during the year. There were no employees covered under section 217(2A) of the Companies Act, 1956. Hence information pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, not applicable.

15. COMPLIANCE STATUS ;

Yaur company has complied with all the rules, regulations, notifications and guidelines, issued by the concerned authorities as applicable to our company from time to time.

16. ACKNOWLEDGEMENT;

The Board of Directors thanks the Banks, Government Authorities and all the stakeholders for their continued co-operation and support to your company.



FOR AND ON BEHALF OF THE BOARD

For PRAVEEN PROPERTIES LIMITED

Place : Chennai - 600 017 sd/- B. GNANASEKARAN

Dais : 28.05.2010 Chairman and Managing Director

 
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