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Directors Report of TCI Industries Ltd.

Mar 31, 2014

Dear Shareholders,

The directors take pleasure in presenting this Forty Ninth Annual Report and Audited Statement of Accounts for the year ended on March 31, 2014.

FINANCIAL RESULTS (Rs. In ''000)

Financial Results 2013 – 14 2012 – 13

Income 83283 39248 Profit (Loss) before Interest,

Depreciation & Taxation (1790) (7653)

Less : Interest - 20

Depreciation (Net) 234 543

Profit /(Loss) before taxes (2024) (8216)

Taxes - -

Profit /(Loss) after tax (2024) (8216)

Balance brought forward (240471) (232255)

Balance carried forward (242495) (240471)

During the year the Company could achieve higher cloth trading volume resulting in higher income compared to the previous year, thereby resulting in lower loss compared to previous year..

DIVIDEND

In view of losses suffered by the Company, your Directors do not recommend any dividend for the year under review.

COMPANY''S PROPERTY AT COLABA – MUMBAI

As informed in the last report, the SLP filed by the Company in the Supreme Court, challenging the order of the Hon. Bombay High Court in writ petition, was admitted and is pending for hearing.

The company in the previous year, had filed writ petition before Bombay High Court, challenging the jurisdiction of Monitoring Committee appointed by the State Government under Development Control Regulations of Greater Mumbai 1991 to oversee development of mill lands, on the main ground that since the company''s property at Colaba is falling in CRZ II area, Development Rules of Greater Mumbai 1967 are applicable as per established legal position & not the DCR 1991. However, the Monitoring Committee & the Bombay High Court, did not accept the company''s contention and held that the said Monitoring Committee has jurisdiction over company. The company has challenged the order of Bombay High Court by a SLP in the Supreme Court which has been admitted & further proceedings of the said committee have been stayed.

FIXED DEPOSITS

During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made there under.

DIRECTORS

Appointment

As per the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Vikas Agarwal, Mr. Ashok Agarwal and Mr. D.P. Agarwal retire by rotation and being eligible, offer themselves for re- appointment, which your Directors consider to be in the interests of the Company and therefore recommend it for your approval.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors based on the representations received from the operating Management confirm that, to the best of their knowledge -

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review;

iii) the Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the accounts on a going concern basis.

AUDITORS

M/s. R S Agarwala & Co., Chartered Accountants, the Statutory Auditors retire at the conclusion of ensuing Annual General Meeting and are eligible for reappointment. The members are requested to appoint Auditors for the current year and fix their remuneration.

The Company has received a letter from them to the effect that their re–appointment, if made, would be within the prescribed limits under Section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified for re–appointment.

AUDITOR''S REPORT

The observations made by the Auditor''s in their report are appropriately dealt with in the notes forming part of the accounts for the year which are self-explanatory and hence do not require any further explanations.

SECRETARIAL COMPLIANCE REPORT

A Compliance Certificate from M/s. Chandanbala Jain & Associates, Company Secretaries u/s 383 A of the Companies Act, 1956 in respect of the financial year ended March 31, 2014 is annexed to the Directors'' Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The production operations have been closed since 1982. Hence, particulars required under Section 217(1)(e) in respect of conservation of energy and technology absorption are not applicable. The Company had no foreign exchange earnings and outgo during the financial year

PARTICULARS OF EMPLOYEES

Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 is not given, as there were no employees drawing remuneration prescribed under the said section.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to place on record their appreciation of the trust and confidence reposed by you in the Company and all others, who are connected with the company in any manner.

For and on behalf of the Board TCI Industries Limited

S.N. Agarwal D. P. Agarwal Director Director

Place : Gurgaon Date : May 24, 2014


Mar 31, 2013

Dear Shareholders,

The directors take pleasure in presenting this Forty Eighth Annual Report and Audited Statement of Accounts for the year ended on March 31, 2013.

FINANCIAL RESULTS

(Rs. In ''000)

Financial Results 2012 - 13 2011 - 12

Income 39248 13356

Profit (Loss) before Interest, Depreciation & Taxation (7653) (19283)

Less : Interest 20 91

Depreciation (Net) 543 547

Profit /(Loss) before taxes (8216) (19921)

Taxes

Profit /(Loss) after tax (8216) (19921)

Balance brought forward (232255) (212334)

Balance carried forward (240471) (232255)

During the year the Company could achieve higher cloth trading volume resulting in higher income compared to the previous year. The loss during the year is not comparable to previous year as certain expenses, which in the past were capitalized as Property Development Expenses, were reversed and charged to P & L account during the previous year.

DIVIDEND

In view of losses suffered by the Company, your Directors do not recommend any dividend for the year under review.

COMPANY''S PROPERTY AT COLABA – MUMBAI

As informed in the last report, the SLP filed by the Company challenging the order of the Hon. Bombay High Court in writ petition, has been admitted and is pending for hearing.

FIXED DEPOSITS

During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made there under.

DIRECTORS

Appointment

Mr. Sunil K. Warerkar was appointed as Director in the last AGM and consent of the members was accorded for his appointment as Executive Director for a period of 3 years w.e.f. April 01, 2012 subject to required approvals from Central Government and such other approval as may be necessary. The required approvals in respect of his appointment have since been received.

As per the provisions of the Companies Act, 1956 and the Articles of Association of the Company, Mr. S. N. Agarwal, Mr. Ashish Agarwal and Mr. M. K. Agarwal retire by rotation and being eligible, offer themselves for re-appointment, which your Directors consider to be in the interests of the Company and therefore recommend it for your approval.

The Board has appointed Mr. Utsav Agarwal as Additional Director w.e.f. May 15, 2013. Pursuant to Section 260 of The Companies Act, 1956, he holds office up to the date of the ensuing Annual General Meeting. His appointment needs to be confirmed by the members in the General Meeting. The Company has already received notice u/s 257 of the Companies Act, 1956 from one of the members of the Company proposing his candidature for the position as Director. The details about Mr. Utsav Agarwal are given here under as per requirement of listing agreement with Stock Exchange.

1. Name - Mr. Utsav Agarwal

2. Date of Birth – 03/02/1985

3. Date of Appointment – 15/05/2013

4. Expertise in Specific functional area – More than 5 years of experience in the fields of market research, finance and business development etc.

5. Qualification – Graduated from Bradley University, Peoria, ILLINOIS with a major in Bachelor of Science in Industrial Engineering and a minor in ''Business Administration''.

6. Directorships held in other Companies – Bhoruka Fabcons Private Limited.

7. Committee Positions held in other Companies – NIL

8. No. of shares held – 3000

Cessation

Your Directors inform with grief the sad demise of Mr. P. L. Poddar, the Director due to old age on April 01, 2013. His contribution to the Company is well recognized by the Board.

Mr. R.K. Aggarwal resigned from Directorship of the Company with effect from May 15, 2013. Your Directors place on record their appreciation for the valuable and devoted services rendered by him.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors based on the representations received from the operating Management confirm that, to the best of their knowledge -

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review;

iii) the Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the accounts on a going concern basis.

AUDITORS

M/s. R S Agarwala & Co., Chartered Accountants, the Statutory Auditors retire at this meeting and are eligible, offer themselves for re-appointment. A certificate has been obtained from them to the effect that the appointment, if made will be in accordance with the limits specified in sub-section (1B) of Section 224 of the Companies Act, 1956. Your Board recommended their re-appointment.

AUDITOR''S REPORT

The observations made by the Auditor''s in their report are appropriately dealt with in the notes forming part of the accounts for the year which are self-explanatory and hence do not require any further explanations.

SECRETARIAL COMPLIANCE REPORT

A Compliance Certificate from M/s. Chandanbala Jain & Associates, Company Secretaries u/s 383 A of the Companies Act, 1956 in respect of the financial year ended March 31, 2013 is annexed to the Directors'' Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The production operations have been closed since 1982. Hence, particulars required under Section 217(1)(e) in respect of conservation of energy and technology absorption are not applicable. The Company had no foreign exchange earnings and outgo during the financial year

PARTICULARS OF EMPLOYEES

Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 is not given, as there were no employees drawing remuneration prescribed under the said section.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to place on record their appreciation of the trust and confidence reposed by you in the Company and all others, who are connected with the company in any manner.

For and on behalf of the Board

TCI Industries Limited

S.N. Agarwal D. P. Agarwal

Director Director

Place : Gurgaon

Date : May 15, 2013


Mar 31, 2012

The directors take pleasure in presenting this Forty Seventh Annual Report and Audited Statement of Accounts for the year ended on March 31, 2012.

FINANCIAL RESULTS (Rs. In 000)

Financial Results 2011 -12 2010-11 Income 13356 11478 Profit (Loss) before Interest, Depreciation & Taxation (19283) (3932)

Less : Interest 91 180

Depreciation (Net ) 547 472

Profit/(Loss) before taxes ( 19921) (4584)

Taxes (FBT) - 2

Profit/(Loss) after tax (19921) (4586)

Balance brought forward (212334) (207748)

Balance carried forward (232255) (212334)

Due to market conditions, the value of the cloth traded during the year was marginally higher than the value of the cloth traded in the previous year. The higher loss in the year is mainly due to certain expenses, which in the past were capitalized as Property Development Expenses, now reversed and charged to P & L account during the year.

DIVIDEND

In view of losses suffered by the Company, your Directors do not recommend any dividend for the year under review.

COMPANY'S PROPERTY AT COLABA - MUMBAI

The writ petition filed by the company against the rejection of the plans by Municipal Corporation of Greater Mumbai, has been disallowed by the Hon'ble Bombay High Court by it's judgment & order dated December 19, 2011.

The Company, as advised by its legal advisors, has filed a Special Leave Petition in the Hon'ble Supreme Court of India which has been admitted and is pending for hearing.

FIXED DEPOSITS

During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made there under.

DIRECTORS

As per the provision of the Companies Act, 1956 and the Articles of Association of the Company, Mr. Vikas Agarwal, Mr. Ashok Agarwal and Mr. D. P Agarwal retire by rotation and being eligible, offer themselves for re- appointment, which your Directors consider to be in the interests of the Company and therefore recommend it for your approval.

Mr. Siddhartha Agarwal has been appointed as Alternate Director to Mr. S. N. Agarwal and Mr. Dhruv Agarwal has been appointed as Alternate Director to Mr. M. K. Agarwal w. e. f. 18-01-2012 by the Board during the year. The details about them are given here under as per requirement of listing agreement with Stock Exchange.

a) MR. SIDDHARTHA AGARWAL

1. Name - Mr. Siddhartha Agarwal

2. Date of Birth - 29/04/1975.

3. Date of Appointment - 18/01 /2012

4. Expertise in Specific functional area -10 years in Infrastructure projects and real estate

5. Qualification - Graduate in Economics and Industrial Management from Carnegie Mellon University, Pittsburgh USA.

6. Directorship held in other Companies - Prabhu Structures Ltd..

7. Committee positions held in other companies

- NIL

8. No. of shares held - 27197

b) MR. DHRUV AGARWAL

1. Name - Mr. Dhruv Agarwal

2. Date of Birth - 19/11/1984

3. Date of Appointment - 18/01 /2012

4. Expertise in Specific functional area - 4 years in operations, projects development and business analyst.

5. Qualification - Graduate in Economics.

6. Directorship held in other Companies-ITAG Infrastructure Ltd.

7. Committee positions held in other Companies

- NIL

8. No. of shares held - NIL

The Board has appointed Mr. Sunil K. Warerkar as Additional Director w. e. f. 01-04-2012. Pursuant to Section 260 of The Companies Act, 1956, he holds office up to the date of the ensuing Annual general Meeting. His appointment needs to be confirmed by the members in the General Meeting. The Company has already received notice u/s 257 of the Companies Act, 1956 from one of the members of the Company proposing his candidature for the position as Director.

The details about Mr. Sunil Warerkar are given here under as per requirement of listing agreement with Stock Exchange.

1. Name - Mr. Sunil Warerkar

2. Date of Birth - 08/07/1955

3. Date of Appointment - 01/04/2012

4. Expertise in Specific functional area - 30 years in Project Planning & Execution, Finance, Legal / Commercial Matters and General Administration.

5. Qualification - Graduate in Commerce (B. Com) from University of Mumbai.

6. Directorships held in other Companies-Prabhu Structures Ltd..

7. Committee Positions held in other Companies

a) Member - Audit Committee in Prabhu Structures Ltd.

b) Member - Shareholder Committee in Prabhu Structures Ltd.

8. No. of shares held - 11

The Board has further decided to designate and appoint Mr. Sunil K. Warerkar as Executive Director of the Company w. e. f. 01 /04/2012 for a period of 3 years from the said date subject to the approval of the members and subject to any other approval as required by Law including the approval of Central Government.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors based on the representations received from the operating Management confirm that, to the best of their knowledge -

i) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review;

iii) The Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the accounts on a going concern basis.

AUDITORS

M/s. R S Agarwala & Co., Chartered Accountants, the Statutory Auditors retire at this meeting and are eligible, offer themselves for re-appointment. A certificate has been obtained from them to the effect that the appointment, if made will be in accordance with the limits specified in sub-section (1B) of Section 224 of the Companies Act, 1956. Your Board recommended their re-appointment.

AUDITOR'S REPORT

The observations made by the Auditor's in their report are appropriately dealt with in the notes forming part of the accounts for the year which are self-explanatory and hence do not require any further explanations.

SECRETARIAL COMPLIANCE REPORT

A Compliance Certificate from M/s. Chandanbala Jain & Associates, Company Secretaries u/s 383 A of the Companies Act, 1956 in respect of the financial year ended March 31, 2012 is annexed to the Directors' Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The production operations have been closed since 1982. Hence, particulars required under Section 217(1) (e) in respect of conservation of energy and technology absorption are not applicable. The Company had no foreign exchange earnings and outgo during the financial year

PARTICULARS OF EMPLOYEES

Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 is not given, as there were no employees drawing remuneration prescribed under the said section.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to place on record their appreciation of the trust and confidence reposed by you in the Company and all others, who are connected with the company in any manner.

For and on behalf of the Board

TCI Industries Limited

Place . Gurgaon D p Agarwal Ashok Agarwal

Date .May 30,2012 Director Director


Mar 31, 2011

The directors take pleasure in presenting this Forty Sixth Annual Report and Audited Statement of Accounts for the year ended on March 31, 2011.

FINANCIAL RESULTS (Rs. In 000)

Financial Results 2010-11 2009-10

Income 11478 54669

Profit (Loss) before Interest,

Depreciation & Taxation (3932) (13)

Less : Interest 180 132

Depreciation (Net) 472 539

Profit /(Loss) before taxes (4584) (684)

Taxes 2 18

Profit /(Loss) after tax (4586) (702)

Balance brought forward (207748) (207046)

Balance carried forward (212334) (207748)

Due to market conditions, the trading during the year was low compared to previous year. Due to this lower income, the working of the company has resulted in higher loss compared to previous year.

DIVIDEND

In view of losses suffered by the Company, your Directors do not recommend any dividend for the year under review.

COMPANYS PROPERTY AT COLABA - MUMBAI

In the previous years report, your Directors had informed that though written pleadings in the matter of the Writ Petition filed by the Company in the Honble High Court of Mumbai, against the Municipal Corporation of Greater Mumbai & the Defence Department are over but the final hearing of the matter did not take place even though on few occasions the matter was listed for final hearing.

The final hearing in the matter is still pending since the matter did not come up for hearing during the year.

FIXED DEPOSITS

During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made there under.

DIRECTORS

As per the provision of the Companies Act, 1956 and the Articles of Association of the Company, Mr. S.N. Agarwal, Mr. R.K. Agarwal and Mr. Ashish Agarwal retire by rotation and being eligible, offer themselves for re-appointment, which your Directors consider to be in the interests of the Company and therefore recommend it for your approval.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors based on the representations received from the Operating Management confirm that, to the best of their knowledge -

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review;

iii) the Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the accounts on a going concern basis.

AUDITORS

M/s. R S Agarwala & Co., Chartered Accountants, the Statutory Auditors retire at this meeting and are eligible, offer themselves for re-appointment. A certificate has been obtained from them to the effect that the appointment, if made will be in accordance with the limits specified in sub-section (1B) of Section 224 of the Companies Act, 1956. Your Board recommended their re- appointment.

AUDITORS REPORT

The observations made by the Auditors in their report are appropriately dealt with in the notes forming part of the accounts for the year which are self-explanatory and hence do not require any further explanations.

SECRETARIAL COMPLIANCE REPORT

A Compliance Certificate from M/s. Chandanbala Jain & Associates, Company Secretaries u/s 383 A of the Companies Act, 1956 in respect of the financial year ended March 31, 2011 is annexed to the Directors Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The production operations have been closed since 1982. Hence, particulars required under Section 217(1)(e) in respect of conservation of energy and technology absorption are not applicable. The Company had no foreign exchange earnings and outgo during the financial year

PARTICULARS OF EMPLOYEES

Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 is not given, as there were no employees drawing remuneration prescribed under the said section.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to place on record their appreciation of the trust and confidence reposed by you in the Company and all others, who are connected with the company in any manner.

For and on behalf of the Board

Place : New Delhi For TCI Industries Limited

Date : May 18, 2011 S. N. Agarwal

Chairman


Mar 31, 2010

The directors take pleasure in presenting this Forty Fifth Annual Report and Audited Statement of Accounts for the year ended on March 31, 2010.

FINANCIAL RESULTS (Rs. In 000) Financial Results 2009-10 2008-09 Income 54669 66924 Profit (Loss) before Interest, Depreciation & Taxation (13) (101) Less: Interest 132 82 Depreciation (Net) 539 490 Profit (Loss) before taxes (684) (673) Taxes (FBT) 18 117 Profit (Loss) after tax (702) (790) Balance brought forward (207046)(206256) Balance carried forward (207748)(207046)

Due to market conditions, the trading during the year was low compared to previous year resulting in the loss.

DIVIDEND

In view of losses suffered by the Company, your Directors do not recommend any dividend for the year under review.

COMPANYS PROPERTY AT COLABA - MUMBAI

In the previous years report, your Directors had informed that the written pleadings in the matter of the Writ Petition filed by the Company in the Honble High Court of Mumbai, against the Municipal Corporation of Greater Mumbai & the Defence Department are over and the matter is due for final hearing & disposal. During the year the final hearing of the matter did not take place even though on few occasions the matter was listed for final hearing.

FIXED DEPOSITS

During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made there under.

DIRECTORS

As per the provision of the Companies Act, 1956 and the Articles of Association of the Company, Mr. D.R Agarwal, Mr. M.K. Agarwal and Mr. P.L. Poddar retire by rotation and being eligible, offer themselves for re-appointment, which your Directors consider to be in the interests of the Company and therefore recommend it for your approval.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors based on the representations received from the Operating Management confirm that, to the best of their knowledge -

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

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review;

iii) the Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the accounts on a going concern basis.

AUDITORS

M/s. R S Agarwala & Co., Chartered Accountants, the Statutory Auditors retire at this meeting and are eligible, offer themselves for re-appointment. A certificate has been obtained from them to the effect that the appointment, if made will be in accordance with the limits specified in sub-section (1B) of Section 224 of the Companies Act, 1956. Your Board recommended their re- appointment.

AUDITORS REPORT

The observations made by the Auditors in their report are appropriately dealt with in the notes forming part of the accounts for the year which are self-explanatory and hence do not require any further explanations.

SECRETARIAL COMPLIANCE REPORT

A Compliance Certificate from M/s. Chandanbala Jain & Associates, Company Secretaries u/s 383 A of the Companies Act, 1956 in respect of the financial year ended March 31, 2010 is annexed to the Directors Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The production operations have been closed since 1982. Hence, particulars required under Section 217(1)(e) in respect of conservation of energy and technology absorption are not applicable. The Company had no foreign exchange earnings and outgo during the financial year

PARTICULARS OF EMPLOYEES

Information as per Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 is not given, as there were no employees drawing remuneration prescribed under the said section.

ACKNOWLEDGEMENTS

Your Directors take this opportunity to place on record their appreciation of the trust and confidence reposed by you in the Company and all others, who are connected with the company in any manner.

For and on behalf of the Board For TCI Industries Limited Place : Mumbai S. N. Agarwal Date : May 21,2010 Chairman

 
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