Directors Report of Rajputana Investment & Finance Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure to submit their Annual Report together with Audited Accounts and Auditor''s Report of the Company for the financial year ended 31st March, 2014.

FINANCIALHIGHLIGHTS:

The performance of the company for the financial year ended 31st, March, 2014:

PARTICULARS Year Ending Year Ending March,2014 March,2013

Amount in Rs. Amount in Rs.

Revenue from Operations 118,256.00 878 407 00

Other Income 89,673.00 -

Total Income 207,929.00 878, 407.00

Less: Total Expenses 121,007.00 117 210 00

Profit before Tax 86,922.00 761 197 00

Less: Taxes 16,563.00 58,166. 00

Profit after Tax 70,359.00 703,031.00

Balance carried to Balance Sheet 70,359.00 703,031.00

RESULT OF OPERATIONS

During the current period of operation, our company has shown a turnover of Rs.207,929.00. Your Directors report that the working of the Company for the year under review has resulted in a profit of Rs. 70,359.00 (after tax).

DIVIDEND:

Due to inadequate profits the board did not recommend any dividend.

PERSONNEL:

The Company had no employee during the year under review, who was in receipt of remuneration in excess of the limit specified under section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Amendment Rules, 2011.

Your Company''s work force and management have been working with mutual respect, co- operation and understanding. The Board wishes to appreciate the efforts put in by all the categories of employees towards the progress achieved by the Company during the year.

DIRECTOR:

The Board of Directors is experienced in their respective fields.

APPOINTMENT OF AUDITORS:

The Auditors M/s. RMM & Associates. (FRN: 327045E), Chartered Accountants, retire at the - forthcoming General Meeting and being eligible for re-appointment, the Company has received a certificate from the auditors to the effect that their re-appointment, if made, would be within the prescribed limits under Section 139 of the Companies Act, 2013. As regards the observations in the Auditor''s Report the explanations given in the Notes to the Accounts are self- explanatory.

PUBLIC DEPOSIT:

The company has not accepted any deposit within the meaning of the section 74 of the Companies Act, 2013.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS & OUTGOINGS:

The necessary information U/s 217(l)(e) of the Companies Act, 1956 as required by the Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 forConservation of Energy, technology absorption and Foreign Exchange Earnings & Outgoings are not applicable to the Company.

RESEARCH AND DEVELOPMENT: NIL

AUDITORS REPORT

The Auditors have given their report on the annual accounts of the Company and there is no reservation or qualification made by them. The notes given in the Auditors'' Report are self- explanatory and need no further clarification.

PARTICULARS OF EMPLOYEES:

Particulars of employees as required U/s 217(2A) of the Companies Act, 1956 as amended, are not applicable to the Company.

APPOINTMENT/RE-APPOINTMENT OF DIRECTORS:

In accordance with the Articles of Association of the Company and the provisions of the Companies Act, 1956 with correspondence to the Companies act, 2013, the Directors of the Company are eligible for retirement by rotation.

CORPORATE GOVERNANCE:

A report on Corporate Governance along with a Certificate from the Practicing Company Secretaries of the Company regarding the compliance with conditions of Corporate Governance as also the Management Discussion and Analysis Report as stipulated under Clause 49 of the Equity Listing Agreement are annexed to this Report.

PARTICULARS OF EMPLOYEES:

Particulars of employees as required U/s 217(2A) of the Companies Act, 1956 as amended, are not applicable to the Company

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to the requirements of the provisions of Section 217(2AA) of the Companies Act, 1956, your Director Confirms as under:

I. That in the preparation of the annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departure;

II. That 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 at the end of the financial year viz., March 31, 2014 and of the profit of the Company for the year ended on that date;

III. That 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 detaching fraud and other irregularities;

IV. That the directors have prepared the annual accounts ongoing concern basis.

EXTRACTS OF ANNUAL RETURN FOR THE FINANCIAL YEAR ENDED ON 31.03.2014:

I. REGISTRATION AND OTHER DETAILS:-

* CIN: - L65929WB1941PLC010731

* Registration Date: - 22/09/1941

* Name of the Company: - Rajputana Investment & Finance Ltd

* Category/Sub Category of the Company: - Limited By Shares/Indian Non- Government Company

* Address of Registered office and contact details: - 98/7A, Harish Mukherjee Road, Kolkata- 700025

* Listed Company: - Yes

II) Registrar & Transfer Agent:-

Name Address Contact Details

IN- HOUSE

REMUNERATION OF DIRECTORS AND KEY MANEGERIAL PERSONNEL:

Company is not paying remuneration to its Directors and KMP''s. The Company is not paying any sitting fees to its Independent Director.

PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:

Company is not having any penalties and punishment neither on itself and nor on its directors

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As required under Clause 49 of the Equity Listing Agreement with the Stock Exchanges, the Management Discussion and Analysis of the financial condition and results of consolidated operations of the Company under review, is annexed and forms an integral part of the Director''s Report.

ACKNOWLEDGEMENT

Lastly your Directors acknowledge the management team and executive staff who are instrumental to the growth of the Company. They also express their deep admiration and gratitude for the support and co-operation extended by the clients, bankers, investors, shareholders, and the media for their unwavering support through the years. Your Directors also wish to thank the employees at all levels, who through their sheer commitment, sense of involvement, utmost dedication and continued perseverance enabled the Company to achieve the overall development, growth and prosperity.

Place: Kolkata Date: 30.05.2014 By Order of the Board of Directors For Rajputana Investment & Finance Ltd

Registered Office: Sd/-

98/7A, Harish Mukherjee Road, Ajay Agarwal Kolkata- 700025 Director

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Mar 31, 2013

Dear Members,

The Directors present their Annua! Report and Accounts for the year ended 31st March, 2013

FINANCIAL RESULTS: Financial Financial Year ended Year ended 31-March-2013 31-March-2012

Profit/(loss) before taxation 7,61,197 1,25,172 (Less): Current Tax (1,35,000) (16,000) Add / (Less) : Provision for Income Tax for earlier years - 80 Add / (Less): MAT Credit Entitlement 76,834 - Profit after taxation 7,03,031 1,09,252 Add: Surplus Balance as per Last Financial Statements 11,24,654 10,15,402

Surplus in Reserves and Surplus carried to next year 18,27,685 11,24,654

DIVIDEND

Directors do not recommend payment of any dividend for the year under consideration.

ERFORMANCE REVIEW

During the year under review your company had concentrated on Financial market, your director are hopeful that in coming years, your Company will report better results.

DIRECTORS

Sri Rama Shanker Bajoria, Director retire by rotation at the forthcoming Annual General Meeting of the Company. The retiring director, being eligible, offers himself for re-appointment.

AUDITORS

M/s. Agarwal Sanganeria & Co., Chartered Accountants of 7, Rabindra Sarani, 5th Floor, Room No. 513, Kolkata - 700 001 Auditors of the company holds office until the conclusion of the ensuing Annual General Meeting and being eligible have offered themselves for re-appointment.

AUDITOR''S REPORT

The comments in the Auditor''s Report read with Notes to the Accounts are self-explanatory.

PARTICULARS OF EMPLOYEES

The Company does not have any employee, hence there are no particulars to be reported under Sec 217(2A) of the Companies Act, 1956.

FOREIGN EXCHANGE TRANSACTION

During the year of operation, the total foreign exchange earnings and expenditure are Nil.

LISTING PARTICULARS

The Company''s Shares are listed with Calcutta Stock Exchange. The annual listing fees payable to the exchange is outstanding. DEPOSITS

Your Company has not accepted any deposits within the meaning of directives issued by the Reserve Bank of India and Section 58A & 58AA of the Companies Act, 1956, and the rules made thereunder,

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the Companies Act,1956, the Directors Confirm that:

i) in the preparation of the annua! accounts, the applicable accounting standards have been followed alongwith proper explanation relating to material departures, if any ;

ii) the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your Company at the end of the financial year and of the profit of your Company for the year.

iii) the Directors have taken proper and sufficient care for maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities;

iv) the Directos have prepared the annua! accounts on a going concern basis.

ACKNOWLEDGEMENT

The Directors take this opportunity to thank the shareholders and associates for the confidence reposed in the Company for and on behalf of the Board

Rama Shanker Bajoria Rajkumar Sanganaria Director Director

Kolkata, dated the 3rd day of August, 2013

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Mar 31, 2012

Dear Members,

The Directors present their Annual Report and Accounts for the year ended 31st March, 2012

FINANCIAL RESULTS: Financial Financial Year ended Year ended 31-March-2012 31-March-2011

Profit/(loss) before taxation 1,25,172 9,962

(Less): Current Tax (16,000) -

Add/(Less): Provision for Income Tax 80 (29,966) for earlier years

Profit after taxation 1,09,252 (20,004)

Add: Surplus Balance as per Last 10,15,402 10,35,406 Financial Statements

Surplus in Reserves and Surplus carried 11,24,654 1 0,15,402 to next year

DIVIDEND

Your Directors do not recommend payment of any dividend for the year under consideration.

PERFORMANCE REVIEW

ring the year under review your company had concentrated on Financial market, your director are hopeful that in coming years, our Company will report better results.

DIRECTORS

Sri Rama Shanker Bajoria, Director retire by rotation at the forthcoming Annual General Meeting of the Company. The retiring director, being eligible, offers himself for re-appointment.

AUDITORS

M/s. Agarwal Sanganeria & Co., Chartered Accountants of 7, Rabindra Sarani, 5th Floor, Room No. 513, Kolkata - 700 001 Auditors of the company holds office until the conclusion of the ensuing Annual General Meeting and being eligible have offered themselves for re-appointment.

AUDITOR'S REPORT

The comments in the Auditor's Report read with Notes to the Accounts are self-explanatory.

PARTICULARS OF EMPLOYEES

The Company does not have any employee, hence there are no particulars to be reported under Sec 217(2A) of the Companies Act, 1956.

FOREIGN EXCHANGE TRANSACTION

curing the year of operation, the total foreign exchange earnings and expenditure are Nil.

LISTING PARTICULARS

The Company's Shares are listed with Calcutta Stock Exchange. The annual listing fees payable to the exchange is outstanding.

DEPOSITS

Your Company has not accepted any deposits within the meaning of directives issued by the Reserve Bank of India and Section 58A & 5BAA of the Companies Act, 1956, and the rules made thereunder.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the Companies Act,1956, the Directors Confirm that :

i) in the preparation of the annual accounts, the applicable accounting standards have been followed alongwith proper explanation relating to material departures, if any;

ii) the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your Company at the end of the financial year and of the profit of your Company for the year.

iii) the Directors have- taken proper and sufficient care for maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities;

iv) the Directos have prepared the annual accounts on a going concern basis.

ACKNOWLEDGEMENT

The Directors take this opportunity to thank the shareholders and associates for the confidence reposed in the Company

For and on behalf of the Board

Rama Shanker Bajoria Rajkumar Sanganaria Director Director

Kolkata, dated the 3rd day of August, 2012

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Mar 31, 2011

Dear Members,

The Directors present their Annual Report and Accounts for the year ended 31 st March. 2011.

FINANCIAL RESULTS:

Financial Financial Year Year 2010-2011 2009-2010

Profit/(loss) before taxation 35,572 209,251

Provision for I.Tax * (17,100)

Provision for l.Tax earlier yrs (29,966) -

Profit after taxation 5,606 192,151

Provision for Dimunation of Investment (25,610) 98,950

Balance brought forward from previous year 1,035,406 744,305

Balance carried to Balance Sheet 1,015,402 1,035,406

DIVIDEND

Your Directors are do not recommend payment of any dividend for the year under consideration,

PERFORMANCE REVIEW

During the year under review your company had concentrated on Financial market, your director are hopeful that in coming years, your company will report better results,

DIRECTORS

Sri Mahesh Jatia Director retire by rotation at the forthcoming Annual General Meeting of the Company. The retiring director, being eligible, offers himself for re-appointment

AUDITORS

M/s. Agarwal Bhuwania & Co., Chartered Accountant of 723, Marshall House.25 Strand Road, Kolkata - 700 001 Auditors of the company holds office until the conclusion of the ensuing Annual General Meeting and being eligible have offered themselves for re-appointment.

AUDITOR''S REPORT

The comments in the Auditor''s Report read with notes to the Accounts in schedule are self-explanatory.

PARTICULARS OF EMPLOYEES

None of the employees of the Company is in receipt of remuneration not less than the amount prescribed under Sec 217(2A) of the Companies Act, 1956 for the financial period or part thereof.

FOREIGN EXCHANGE TRANSACTION

During the year of operation the total foreign exchange earnings and expenditure are nil.

LISTING PARTICULARS

The Company''s Shares are listed with Calcutta Stock Exchange. The annual listing fees payable to the exchange is outstanding.

DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956, and the rules made there under.

DIRFCTORS1 RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the Companies Act, 1956, the Directors Confirm that:

i) in the preparation of the annual accounts, the applicable accounting standards had been followed alogwith proper explanation relating to material departures;

ii) the Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your Company at the end of the financial year and of the profit of your Company for that year.

iii) the Directors had taken proper and sufficient care for maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities;

iv) the Directos had prepared the annual accounts on a going concern basis.

ACKNOWLEDGEMENT

The Directors take this opportunity to thank the shareholders and associates for the confidence reposed in the company

For and on behalf of the Board



Rama Shanker Bajoria Rajkumar Sanganaria Director Director

Place: Kolkata Dated : 29th day of June,2011