Directors Report of Sparkle Gold Rock Ltd.

Mar 31, 2025

Your directors have pleasure in presenting their Thirty Fourth (34th) Annual Report on the business
and operations of the Company along with the Audited Financial accounts for the Financial Year
ended March 31, 2025. (Amount in Lakhs)

Particulars	2024-2025	2023-2024
Revenue from Operations	900.03	0.00
Other Income	6.68	9.46
Profit on sale of Land and Building	0.00	348.36
Total Income	906.71	357.82
Depreciation	0.08	1.14
Total Expenses	925.63	35.94
Profit/Loss before tax	-18.99	320.74
Tax	5.50	0.00
Profit/Loss after tax _^ / ''	-24.50	320.74

Financial summary or highlights: The Company''s financial performances for the year under review
along with previous year''s figures are given hereunder:

Dividend: No Dividend is recommended for the current financial year.

Reserves: The Company has not transferred any amount to reserves, except for the losses as per the Profit
and Loss account.

Brief description of the Company''s working during the year/State of Company''s affair:

The main activities of the Company to carry on all or any of the business of goldsmiths, silver smiths,
jewellers, gem and diamond merchants and of manufacturing and dealing in jewellery, ornaments and
their components and accessories and of producing, acquiring and trading in metals, bullion, gold
ornaments, silver utensils, diamond, precious stones, semi-precious stones, mining and related activities.

Change in the nature of business, if any:

Yes, there is a change in the nature of the business. The objectives of the company after changes are:

1. To manufacture, import, export and deal in textile goods, silk goods, woollen goods, and goods made of
synthetic fibre such as terene, polyster etc., including readymade garments and to gin, press, pack or
clean, cotton, wool, hemp, jute and other substitutes by steam or motor powers.

2. To carry on business of spinning (openend and conventional ring), yarn manufacturing, doubling,

blending, printing, mercers and textile industry and this includes manufacturing, processing, dealing in
exporting and importing products capable of being spun, woven and processed from cotton, wool, silk,
man-made fibres and other artificial fibres. To mine, quarry, excavate, Manufacture, Buy, Sell, Import,
Export, Refine, Alter and to search for all Stones, Marble, Granites, make merchantable or otherwise deal
in Stones and to carry on business as Miners and acquire, Hire, Lease, explore, work, excise, develop and
to acquire mining right and get quarry smell, refine and to prepare market for all kinds of Stones, Marble,
Granites, ore, minerals and metal and other, found in or upon the Earth.

3. To establish, install and set up factories, stone polishing and cutting machines for purpose of polishing,
glazing, processing and cutting of marble slab, granite and all other natural stones

4. To do all or any of the business of prospecting, exploring, opening and working mines, drill and sink
shafts or wells and to pump, refine, raise, dig and quarry for oil, petroleum, gold, silver, diamonds,
precious stones, semi-precious stones, coal, limestone, iron, aluminum, titanium, mica, aplite, chrome,
copper, gypsum, lead, manganese, nickel, platinum, uranium, sulphur, tin, zinc, zircon, bauxite and
tungsten and ores and minerals.

5. To carry on all or any of the business of goldsmiths, silver smiths, jewellers, gem and diamond
merchants and of manufacturing and dealing in jewellery, ornaments and their components and
accessories and of producing acquiring and trading in metals, bullion, gold ornaments, silver utensils,
diamond, precious stones, semi- precious stones.

6. To carry on the business of construction as Contractors, Builders, Town planners, Infrastructure
developers, Real estate developers and Engineers land developers, estate agents, immovable property
dealers and to acquire, buy, purchase, hire or otherwise lands, buildings, civil works immovable property
of any tenure or any interest in the same and to erect and construct, houses, flats, bungalows, kothis,
bridges, highways, roads, commercial properties and civil work of every type on the land of the Company
or any other land or immovable property whether belonging to the Company or not and to pull down,
rebuild, enlarge alter and other conveniences and to deal with and improve, property of the Company or
any other Immovable property in India.

CHANGE OF NAME OF THE COMPANY:

The change in the name of the Company has been changed from Sree Jayalakshmi Autospin Limited to
Sparkle Gold Rock Limited under Sections 4, 13 and 14 of the Companies Act, 2013 ("Act") and rules
made thereunder and other applicable provisions, if any, of the Act, including any statutory
modification/s or re-enactment/s thereof for the time being in force, Regulation 45 of the Securities
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,was
proposed on 30^th September 2024 to shareholders and the same was approved by the shareholders and
vide Special Resolution passed by way of remote E-voting and the same has been deemed to be
approved and passed with the requisite majority on September 30, 2024.

Approval of Central Government signified in writing having been accorded and Certificate of
Incorporation pursuant to change of name issued by the Registrar of Companies Manesar, Haryana,
w.e.f. April 18, 2025 (after the closure of FY 2024-25).

Further, the new restated Memorandum of Association and Articles of Association of the Company was
adopted vide special resolution passed by the members of the Company at the Annual General Meeting

held on September 30, 2024. The notice from BSE for name approval was received on 26^th May, 2025
(after the closure of FY 2024-25).

Material changes and commitments, if any, affecting the financial position of the company which
have occurred between the end of the financial year of the company to which the financial
statements relate and the date of the report: There are no material changes and commitments
affecting the financial position of the Company occurred between the ends of the financial year to
which these financial statements relate on the date of this report.

The company has changed its registered office address, authorized capital, name of company along
with its objects during the year.

Details of Subsidiary/Joint Ventures/Associate Companies: The Company does not have any
Subsidiary, Joint venture or Associate Company.

Deposits: The Company has neither accepted nor renewed any deposits during the year under
review. Director has given loan from his own funds.

Auditors''/s. Company has appointed M/s. G.R. Gupta and Company, Chartered Accountants,
(FRN:006201C) as the Statutory Auditors of the Company on 30^th September 2024 to hold office till
the conclusion of the Thirty Eighth Annual General Meeting (AGM).

Share Capital: The company has changed its Authorized Share Capital from existing 5,00,00,000 (Five
Crore) to 20,00,00,000 (Twenty Crore) under section 61 and other applicable provisions of the
Companies Act, 2013. No shares were allotted during the period under review. As on 31st March
2025, the Authorized Share Capital stood as Rs. 20, 00, 00, 000/-(Rupees Twenty Crores only) divided
into 2,00,00,000 (Two Crores) Equity Shares of Rs.10/- (Rupees Ten only) each and issued,
Subscribed and paid up as on 31st March 2025 is Rs. 4,47,82,000/- (Rupees Four Crores Forty-Seven
Lacs and Eighty-Two Thousand only) divided into 44,78,200 (Forty-Four Lacs Seventy-Eight Thousand
Two Hundred) Equity Shares of Rs. 10 /- (Rupees Ten only) each.

> The Company has increased its authorized or paid-up share capital.

> The Company has not bought back any of its securities during the year under review.

> The Company has not issued any sweat equity shares during the year under review.

> No bonus shares were issued during the year under review.

> The Company has not provided any stock option scheme to the employees.

Extract of the annual return: Pursuant to Section 134(3)(a) and Section 92(3) of the Companies Act,
2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014 as
amended from time to time, the Annual Return of the Company for Financial Year 2024-25 is
available on the Company''s website at www.sparklegoldrock.com

Conservation of energy, technology absorption and foreign exchange earnings and outgo: The

detail in regard to the technology absorption is annexed as an Annexure I. There was no foreign
exchange inflow or Outflow during the year under review.

Corporate Social Responsibility (CSR): The Company has not developed and implemented any
Corporate Social Responsibility initiatives as the said provisions are not applicable.

DIRECTORS:

A) Appointment, Re-appointment and Resignation of Key Managerial Person:

In accordance with the provisions of section 152 and other applicable provisions of Companies
Act, 2013, Ms. Sarita Devi Sharma, (DIN: 02467927) (Managing Director) of the company, was
appointed on 16.07.2024, retires by rotation in the ensuring Annual General Meeting and being
eligible has offered herself for re-appointment. Ms. Manisha Godara, (DIN: 08116113) and Mr.
Manuj Agarwal, (DIN: 09193711) were appointed as the Additional Directors on the board both
w.e.f. 29/07/2024 and in respect of whom the Company has received a notice in writing from a
member proposing their candidature for the office of Director, be and is hereby appointed as
Director of the Company.

Further Ms. Lakshita Sharma (DIN: 09831479) was appointed as the CFO w.e.f. 16/07/2024 and
Additional Director w.e.f. 29/07/2024 on the Board and in respect of whom the Company has
received a notice in writing from a member proposing her candidature for the office of Director,
be and is hereby appointed as Director of the Company.

Ms. Manisha Godara, (DIN: 08116113) and Mr. Manuj Agarwal, (DIN: 09193711) were regularized
as Independent Director in the AGM held on 30^th September 2024. Ms. Lakshita Sharma (DIN:
09831479) was regularized as CFO and Mrs. Sarita Devi Sharma, (DIN: 02467927) was regularized
as Managing Director of the company in the AGM held on 30th September 2024.

Mr. Presh Kumar was appointed as a Company Secretary and compliance officer of the company
w.e.f. 14th June 2024. Further Mr. Presh Kumar has submitted his resignation on 02^nd Sept 2024
w.e.f 30th Sept 2024.

Mrs. Shivani Bairathi was appointed as a Company Secretary and compliance officer of the
company w.e.f. 1^st October 2024. Further Ms. Shivani has tendered her resignation after the
closure of FY 2024-25.

B) Declaration by an Independent Director and re-appointment, if any The Independent Directors
have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in
Section 149(6) of the Companies Act, 2013 so as to qualify themselves to be appointed as
Independent Directors under the provisions of the Companies Act, 2013 and the relevant rules.

C) Formal Annual Evaluation of Board of Directors: Pursuant to the governing provisions of the

Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, a formal evaluation was carried out by the Board of its own performance and that of its
committees and individual directors. During the year under review, one meeting of the
independent directors was held wherein the performance of non- independent directors and the
Board as whole were reviewed. The performance evaluation of committees and Independent
Directors was carried out by entire Board excluding the director being evaluated. The
Independent Directors also assessed the quality, quantity and timeliness of flow of information
between the Company management and the Board that is necessary for the Directors to
effectively and necessarily perform their duties.

The final evaluation was thereafter deliberated and assessed taking into account inputs from the
Board about evaluation of independent directors and various committees of the Board and
suggesting action plan for improving Board performance and plan for next Board, its committee(s)
and individual director''s evaluation.

D) Number of meetings of the Board of Directors: The Company had 12 Board meetings during the
financial year under review which is mentioned in the Corporate Governance Report. During the
year, 12 (Twelve) Meetings of the Board of Directors were held respectively on:

Meeting No.	Date
1.	20.05.2024 .
2.	14.06.2024
3.	11.07.2024
4.	16.07.2024
5.	29.07.2024
6.	04.09.2024
7.	05.09.2024
8.	01.10.2024
9.	15.11.2024
10.	13.01.2025
11.	15.02.2025
12.	04.03.2025

Audit Committee: As on 31^st March 2025 Audit Committee consists of two non-executive directors
and one executive director. The members of the Committee are Manuj Agarwal, Manisha Godara
and Lakshita Sharma. The audit committee had met for eight times in a financial year.

Mr. T. Veerabhadraswamy, Mr. Basavaraj N. Patil and Mrs. U. Vijaya Prabhakar are the members of
audit committee from April to July and have attended meeting on 20.05.2025, 14.06.2024,
11.07.2024, 16.07.2024 and 29.07.2024. The members of the Committee from August to March are
Manuj Agarwal, Manisha Godara and Lakshita Sharma and have attended meetings on 10.10.2024,
06.01.2025 and 10.01.2025.

Nomination and Remuneration Committee: As on 31^st March 2025 Committee consists of consists
of two non-executive directors and one executive director. The members of the Committee are
Manuj Agarwal, Manisha Godara and Lakshita Sharma. The Nomination and Remuneration
Committee had met for four times in a financial year.

Mr. T. Veerabhadraswamy, Mr. Basavaraj N. Patil and Mrs. U. Vijaya Prabhakar are the members of
committee from April to July and have attended meeting on 14.06.2024, 16.07.2024 and 29.07.2024.
The members of the Committee from August to March are Manuj Agarwal, Manisha Godara and
Lakshita Sharma and have attended meetings on 01.09.2024.

Vigil Mechanism/Whistle Blower Policy: The Company has adopted a Whistle Blower Policy and has
established the mechanism in lieu with the requirements under the Companies Act, 2013 and SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Whistle Blower policy is formulated to provide a vigil mechanism for Directors and Employees to
raise the genuine concerns about unethical behaviour, actual and suspected fraud and violation,
actual or suspected fraud. It also provides for adequate safeguard against victimization of the
whistle blower. No person has been denied access to the Audit committee. The committee looks
into the complaints, and tracks matters to the closure as per the law.

Stakeholder''s Relationship Committee: Ms. Manisha Godara Independent and Non-Executive
director is the chairman of the Stakeholders'' Grievance Committee. The roles and responsibilities of
the Committee are given in detail in the corporate governance report.

Particulars of loans, guarantees or investments under section 186: The particulars of Loans,
guarantees or investments made under Section 186 are not applicable.

Particulars of contracts or arrangements with related parties: The particulars of Contracts or
Arrangements made with related parties made pursuant to Section 188 are furnished in Annexure II
and are attached to this report.

Managerial Remuneration: None of the employees in the company is earning above five lakhs per
months / Sixty Lacs per annum.

Secretarial Audit report: Pursuant to Section 204 of the Companies Act 2013 and the Companies
(Appointment and remuneration of Managerial Personnel) Rules 2014, the Company has appointed
Megha Khandelwal, Company Secretary in practice to undertake the Secretarial Audit of the
Company. The Secretarial Audit Report is annexed herewith as Annexure III with the report. There are
some qualifications, reservation or adverse remarks or disclaimer in the Secretarial Audit Report the
board of directors are explaining this qualification in Annexure IV.

Directors'' Responsibility Statement: The Directors'' Responsibility Statement referred to in clause

(c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that.

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed
along with proper explanation relating to material departures.

(b) The directors had 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 and of the profit of the company for -
that period

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities;

(d) The directors had prepared the annual accounts on a going concern basis; and

(e) 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 effectively.

(f) The directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

Details of significant and material orders passed by the regulators or courts or tribunals impacting
the going concern status and company''s operations in future: There were no such orders passed.

Management Discussion and Analysis report: Management Discussion and Analysis Report as
required under LODR Regulations are disclosed as Annexure V.

Corporate Governance Report: Corporate Governance report as required under LODR Regulations
is disclosed as Annexure VI.

Listing Fees: The Company confirms that it has paid the annual listing fees for the year 2025¬
26 Stock exchange.

Criteria of Making Payments to Non-Executive Director If the Same Has Not Been Disclosed in
Annual Report: Within the parameters prescribed by law, the payment of siting fees will be
recommended by the Nomination and Remuneration Committee and will be approved by the Board.
Independent Directors ("ID") and Non-Independent Non- Executive Directors ("NED") may be paid
sitting fees (for attending the meetings of the Board and of committees of which they may be
members) and commission within regulatory limits. Quantum of sitting fees may be subject to
review on a periodic basis, as required.

Other particulars related to Directors: The Independent Directors also assessed the quality, quantity
and timeliness of flow of information between the Company Management and the Board that is
necessary for the Directors to effectively and necessarily perform their duties.

Prevention, Prohibition and Redressal of Sexual Harassment of women at Work Place: The

Company has in place a policy on prevention, prohibition & redressal of sexual harassment of
women at work place. No complaints are received during the year.

Policy on Dealing with Related Party Transactions: Company deals with related parties on market
terms and conditions at market prices. No special consideration in given, they only do job works at
ruling market prices.

Policy for Determining Material Subsidiaries: Company does not deal in any material subsidiaries.

Details If Familiarization on Programmes Imparted to Independent Directors Including The
Following Details: No familiarization programs are conducted to Independent Directors. The
Independent Directors are well aware of the manufacturing and dealing in jewellery, ornaments and
their components and accessories and of producing acquiring and trading in metals, bullion, gold
ornaments, silver utensils, diamond, precious stones, and semi-precious stones. They are also well
versed in day-to-day market fluctuation in gold Markets.

The E-Mail Address f-or Grievance Redressal and Other Relevant Details: The Grievance redressal is
headed by Mrs. Lakshita Sharma and shareholders can complain directly through the e-mail
[email protected] and to Integrated Registry Management Service Pvt Ltd No, 30 Ramana
Residency, Ground Floor, 4th Cross Sampige road Malleshwaram, Bangalore- 560003.E mail id:
[email protected].

No Fixed Agreements with Media Companies: There were no Fixed Agreements with Media
Companies and no such meet was conducted.

No Meeting of Institutional Investors or Analysts Meet Conducted by the Company
Penalty for Non-Compliance

Regulations	Quarter/ Month	L '' Basic Fine Levied	Paid
SOP-Reg-23(9)	Sep-20	1000000	Paid
SOP-Reg-27(2)	Jun-14	6000	Paid
SOP-Reg-27(2)	Dec-13	5000	Paid
SOP-Reg-33	Dec-13	164782	Paid
SOP-Reg-33	Mar-14	20000	Paid
SOP-Reg-33	Mar-15	15000	Paid
SOP-Reg-33	Sep-17	5000	Paid
SOP-Reg-33	Mar-23	35000	Paid
SOP-Reg-34	Mar-22	12000	Paid
SOP-Reg-6(1)	Dec-19	15000	Paid
SOP-Reg-6(1)	Mar-20	51000	Paid
SOP-Reg-6(1)	Dec-20	19000	Paid
SOP-Reg-6(1)	Mar-21	31000	Paid
SOP-Reg-6(1)	Mar-24	79000	Paid
SOP-Reg-6(1)	Jun-24	74000	Paid
SOP-Reg-29(2) 29(3)	Nov-18	10000	Paid
SOP-Reg-23	Sep-24	50000	Paid
Section 203	Feb-24	87320	Paid

The Company has a proper and adequate system of internal controls: This ensures that all
transactions are authorized, recorded and reported correctly, and assets are safeguarded and
protected against loss from un-authorized use or disposition. In addition, there are operational
controls and fraud risk controls, covering the entire spectrum of internal financial controls.

Compliance With Secretarial Standards on Board and General Meeting

Pursuant to Clause 9 of the Revised Secretarial Standard-l(SS-l) and Standard-2(SS-2), your
company has complied with applicable Secretarial Standard issued by the Institute of Company
Secretaries of India during the financial year under review.

Acknowledgements: Your Directors place on record their sincere thanks to bankers, business
associates, consultants, and various Government Authorities for their continued support extended
to your Companies activities during the year under review. Your directors also acknowledge
gratefully the shareholders for their support and confidence reposed on your Company.

For and on the behalf of the Board
LAKSHITA SHARMA

Director Place: Chitradurga

DIN: 09831479 Date: 04.09.2025

---

Mar 31, 2024

Your Directors have pleasure in presenting their Thirty Third (33rd) Annual Report on the business and operations of the Company along with the Audited Financial accounts for the Financial Year ended March 31,2024.

(amount in 1NR)

Particulars	2023-2024	2022-2023
Other Income	9,46,242.00	9,11,585.00
Profit on sale of Land and Building	3,48,35,614.00	00
Total Income	3,57,81,856.00	9,11,585.00
Depreciation	1,13,925.00	1,77,705.00
Total Expenses	35,93,603.00	13,31,895.00
Profit/Loss	3,20,74,328.00	(5,98,015.00)

Financial summary or hiphliphts: The Company’s financial performances for the year under review along with previous year’s figures are given hereunder:

Dividend: No Dividend is recommended for the current financial year.

Reserves: The Company has not transferred any amount to reserves.

Brief description of the Company’s working during the vear/State of Company’s affair:

The main activities of the Company, Ginning and Cotton Trading. Cotton is purchased from fanners from APMC yards. That cotton is ginned and sold to spinning mills in South India and cotton seeds are sold to oil units in Karnataka and other states. For the time being company has stopped the business activity due to shortage of funds and due to fluctuations in the market.

Change in the nature of business, if any:

No change in the nature of the business.

Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of the report: No material changes and commitments affecting the financial position of the Company occurred between the ends of the financial year to which these financial statements relate on the date of this report.

Details of Subsidiarv/Joint Ventures/Associate Companies: The Company does not have any Subsidiary, Joint venture or Associate Company.

Deposits: The Company has neither accepted nor renewed any deposits during the year under review. Director has given loan from his own funds.

Auditors Vs. Company has proposed to appoint M/s. G.R. Gupta and Company, Chartered Accountants. Statutory Auditors of the Company to hold office till the conclusion of the Thirty Eighth Annual General Meeting (AGM). The Company takes this opportunity to convey thanks to M/s Karthik P & Co., the retiring auditors of the Company for all the support and guidance provided by them.

Share Capital: No shares were allotted during the period under review. As on 31^s* March 2024, the Authorized Share Capital stood as Rs. 5, 00, 00, 000/-( Rupees Five Crores only) divided into 50, 00,000 (Fifty'' Lacs) Equity'' Shares of Rs. 10/- (Rupees Ten only) each and issued. Subscribed and paid up as on 31^s1 March 2024 is Rs. 4,47,82,000/- (Rupees Four Crores Forty-Seven Lacs and Eighty-Two Thousand only) divided into 44,78,200 (Forty-Four Lacs Seventy-Eight Thousand Two Hundred) Equity'' Shares of Rs. 10 /- (Rupees Ten only) each.

> The Company has not increased its authorized or paid-up share capital

> The Company has not bought back any of its securities during the year under review.

> The Company has not issued any sweat equity'' shares during the year under review.

> No bonus shares were issued during the year under review.

> The Company has not provided any stock option scheme to the employees.

Extract of the annual return: Pursuant to Section 134(3)(a) and Section 92(3) of the Companies Act, 2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014 as amended from time to time, the Annual Return of the Company for Financial Year 2023-24 is available on the Company’s website at www.silal.com

Conservation of energy, technology absorption and foreign exchange earnings and outgo: The

detail in regard to the technology absorption is annexed as an Annexure I. There was no foreign exchange inflow or Outflow during tire year under review.

Corporate Social Responsibility (CSR): The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

Directors:

A) Appointment, Re-appointment and Resignation of Key Managerial Person:

• 01 Amil 2023-31 March 2024

In accordance with the provisions of section 152 of the Companies Act, 2013 and articles of association of the Company, Mrs. Ela Gupta had resigned as a Company Secretary and Compliance Officer of the Company w.e.f 22^nd July 2023. No further appointment of Company Secretary'' was made for the said period.

Mr. T. Veerabhadraswamy (DIN: 02519026) and Mr. Basavaraj V.Patil (DIN: 2274036) were appointed as Independent Directors to the Board of the Company w.e.f. 03^rd August 2023. Mr. Kapil Sharma (DIN: 10060527) was appointed as the Additional Director (Executive Non Independent) to the Board of the Company w.e.f. 09.10.2023 and further he resigned on 31.10.2023.

Mr. Tanin Jairath (DIN: 10267383) w.e.f. 31.10.2023 and Mr. Yesh Sharma (DIN: 10291986) w.e.f 04.12.2023 were appointed as the Additional Director (Executive Non Independent) and pursuant to Regulation 17(1 C) of SEBI(LODR) Regulations, 2015 had to automatically vacate.

01 April 2024 - 04 September 2024

In accordance with the provisions of section 152 and other applicable provisions of the Companies Act, 2013, Ms. Sarita Devi Sharma, (DIN:02467927) (Managing Director) of the company, was appointed on 16.07.2024, retires by rotation in the ensuring Annual General Meeting and being eligible has offered herself for re-appointment. Ms. Manisha Godara, (DIN: 08116113) and Mr. Manuj Agarwal, (DIN: 09193711) were appointed as the Additional Directors on the board both w.e.f. 29/07/2024. Further Ms. Lakshita Sharma (DIN: 09831479) was appointed as tire CFO w.e.f. 16/07/2024 and Additional Director w.e.f. 29/07/2024 on the Board.

Mr. Fresh Kumar was appointed as a Company Secretary and compliance officer of the company w.e.f. 14^th June 2024. Further Mr. Presh Kumar has submitted his resignation on 02^nd Sept 2024 w.e.f 30th Sept 2024.

B) Declaration In an Independent Director and re- appointment, if anv. The Independent Directors have submitted their disclosures to the Board that they full fill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and the relevant rules.

C) Formal Annual Evaluation of Board of Directors: Pursuant to the governing provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a formal evaluation was carried out by the Board of its own perfonnance and that of its committees and individual directors. During the year under review, one meeting of the independent directors was held wherein the perfonnance of non-independent directors and the Board as whole were reviewed. The performance evaluation of committees and Independent Directors was carried out by entire Board excluding the director being evaluated. The Independent Directors also assessed the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary'' for the Directors to effectively and necessarily perform their duties.

The final evaluation was thereafter deliberated and assessed taking into account inputs from the Board about evaluation of independent directors and various committees of the Board and suggesting action plan for improving Board perfonnance and plan for next Board, its committce(s) and individual director’s evaluation.

D) Number of meetings of the Board of Directors: The Company had 10 Board meetings during the financial year under review which is mentioned in the Corporate Governance Report. During the year, 10 (Ten) Meetings of the Board of Directors were held respectively on 24.05.2023, 28.07.2023, 03.08.2023, 09.10.2023, 31.10.2023, 06.11.2023, 08.11.2023, 04.12.2023, 05.02.2024 and 08.03.2024

Audit Committee: As on 31^s* March 2024 Audit Committee consists of three executive directors. The members of the Committee are Mr. Ramamurthy. Mr. T Chandershaker and Smt. U. Vijaya Prabhakar. The audit committee had met for five times in a financial year.

Nomination and Remuneration Committee: As on 31^st March 2024 Committee consists of three executive directors. The members of the Committee are Mr. Ramamurthy, Mr. T Chandershaker and Mr. Vishwanath K Mamani. The audit committee had met for five times in a financial year.

Vigil Mechanism/Whistle Blower Policy: The Company has adopted a Whistle Blower Policy and has established the mechanism in lieu with the requirements under the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015.

The Whistle Blower policy is formulated to provide a vigil mechanism for Directors and Employees to raise the genuine concerns about unethical behaviour, actual and suspected fraud and violation, actual or suspected fraud. It also provides for adequate safeguard against victimization of the whistle blower. No person has been denied access to the Audit committee. The committee looks into the complaints, and tracks matters to the closure as per the law.

Stakeholder’s Relationship Committee: Mr. Ramamurthy Independent and Non-Executive director is the chairman of the Stakeholders⁵ Grievance Committee. The roles and responsibilities of the Committee are given in detail in the corporate governance report.

Particulars of loans, guarantees or investments under section 186: The particulars of Loans, guarantees or investments made under Section 186 are not applicable.

Particulars of contracts or arrangements with related parties: The particulars of Contracts or Arrangements made with related parties made pursuant to Section 188 is furnished in Annexure II and is attached to this report.

Managerial Remuneration: None of the employees in the company is earning above five lakhs per months / Sixty Lacs per annum.

Secretarial Audit report: Pursuant to Section 204 of the Companies Act 2013 and the Companies (Appointment and remuneration of Managerial Personnel) Rules 2014, the Company has appointed G. Shanker Prasad, Company Secretary in practice to undertake hie Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith as Annexure III with the report. There are some qualifications, reservation or adverse remarks or disclaimer in the Secretarial Audit Report the board of directors are explaining this qualification in Annexure IV.

Directors’ Responsibility Statement: The Directors’ Responsibility Statement referred to in clause (c ) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that.

(u) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

(b) The directors had 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 and of the profit of the company for -that period.

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) The directors had prepared the annual accounts on a going concern basis; and

(e) 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 effectively.

(f) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Details of significant and material orders passed bv the regulators or courts or tribunals impacting the going concern status and company’s operations in future: There were no such orders passed.

Management Discussion and Analysis report: Management Discussion and Analysis Report as required under LODR Regulations is disclosed as Annexure V.

Corporate Governance Report: Corporate Governance report as required under LODR Regulations is disclosed as Annexure VI.

lasting Fees: The Company confirm that it lias paid the annual listing fees for the year 2024-25 Stock exchange.

Criteria of Making Payments to Non-Executive Director If the Same Has Not Been Disclosed in Annual Report: The Company is not making any Payment to Non-Executive Director of the Company.

Other particulars related to Directors: The Independent Directors also assessed the quality, quantity and timeliness of flow of infonnation between the Company Management and the Board that is necessary for the Directors to effectively and necessarily perform their duties.

Prevention. Prohibition and Redressal of Sexual Harassment of women at Work Place: The

Company has in place a policy on prevention, prohibition & redressal of sexual harassment of women at work place. No complaints are received during the year. There are no women employees in Company roles.

Policy On Dealing with Related Party Transactions: Company deals with related parties on market terms and conditions at market prices. No special consideration in given, they only do job works at ruling market prices.

Policy for Determining Material Subsidiaries: Company does not deal in any material subsidiaries.

Details If Familiarization on Programmes Imparted to Independent Directors Including The Following Details: No familiarization programs are conducted to Independent Directors. The Independent Directors are well aware of the Textiles Cotton Industries and financial and banking in general. They are also well versed in day-to-day market fluctuation in cotton and Textiles Markets.

The E-Mail Address f-or Grievance Redressal and Other Relevant Details: The Grievance redressal in headed by Independent Director Mr. Rama Murthy and shareholders can complain directly through the e-mail [email protected] and to Integrated Registry Management Service Pvt

Ltd No, 30 Ramana Residency, Ground Floor, 4th Cross Sampige road Malleshwaram, Bangalore-560003.E mail id: [email protected].

No Fixed Agreements with Media Companies: There were no Fixed Agreements with Media Companies and no such meet was conducted.

No Meeting of Institutional Investors or Analysts Meet Conducted by the Company Penalty for Non-Compliance

BSE lias imposed a fine of Rs.35,000 for late filing of financial results. Fine for Non-Compliance of appointing a Company Secretary was levied by SEBI amounting to Rs. 87,320,

The Company has a proper and adequate system of internal controls: This ensures that all transactions are authorized, recorded and reported correctly, and assets are safeguarded and protected against loss from un-authorized use or disposition. In addition, there are operational controls and fraud risk controls, covering the entire spectrum of internal financial controls.

Compliance With Secretarial Standards on Board and General Meeting

Pursuant to Clause 9 of the Revised Secretarial Standard-l(SS-l) and Standard-2 (SS-2), your company has complied with applicable Secretarial Standard issued by the Institute of Company Secretaries of India during tire financial year under review.

Ac know ledgements: Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your directors also acknowledge gratefully the shareholders for their support and confidence reposed on your Company.

For and on the behalf of the Board

LAKSHTTA SIIARMA

Director Place: Chitradurga

DIN: 09831479 Date: 05.09.2024

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Mar 31, 2015

Dear members,

The Directors have pleasure in presenting their Annual Report on the business and operations of the Company and the accounts for the Financial Year ended March 31, 2015.

1. Financial summary or highlights/Performance of the Company

The Company's financial performance for the year under review along with previous year's figures are given hereunder :

In Rupees

Particulars 2014-2015 2013-14

Gross Income 11,55,37,942 18,13,27,158

Profit Before Tax (86,75,330) (33,19,212)

Provision for Tax Nil Nil

Net Profit After Tax (86,75,330) (33,19,212)

Balance of Profit brought forward (3,29,16,430) (3,04,39,139)

Balance available for appropriation (90,66,521) (24,77,291)

Proposed Dividend on Equity Shares Nil Nil

2. Dividend

No Dividend is recommended for the current financial year due to loss incurred by the Company.

3. Reserves

Since the Company has incurred loss during the period under review, hence no amount is transferred.

4. Brief description of the Company's working during the year/State of Company's affair

The main activities of the Company are Spinning, Ginning and Cotton Trading. Company majorly deals in spinning. Ginning and trading activity, the cotton is purchased from farmers from APMC yards and that cotton is ginned and sold to spinning mills in south India and cotton seeds are sold to oil units in Karnataka and other states.

5. Change in the nature of business, if any

There were no changes in the nature of the business during the period under review.

6. Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of the report

No material changes and commitments affecting the financial position of the Company occurred between the ends of the financial year to which these financial statements relate on the date of this report

7. Details of Subsidiary/Joint Ventures/Associate Companies

The Company does not have any Subsidiary, Joint venture or Associate Company.

8. Deposits

The Company has neither accepted nor renewed any deposits during the year under review.

9. Auditors' Report

The explanations made by the Board relating to the qualifications, reservations or adverse remarks made by the Auditors in their report are furnished below

The Auditors in their reports have expressed their opinion that company's entire net worth has been eroded. The company has incurred losses from last ten years continuously due to poor production in spinning activity, recession in textile industry and non availability of labour. Three years back company incurred heavy losses in cotton business due to uncontrolled volatility in the prices. The entire industry was affected adversely. The company couldn't recover from the above losses.

10. Share Capital

No shares were allotted during the period under review. As on 31st March 2015 ,the Authorized Share Capital stood as Rs. 5, 00, 00, 000 /-( Rupees Five Crores only ) divided into 50, 00,000 (Fifty Lacs) Equity Shares of Rs. 10/- (Rupees Ten only) each and issued , Subscribed and paid up as on 31st March 2015 is Rs. 4,47,82,000/- (Rupees Four Crores Forty Seven Lacs and Eighty Two Thousand only) divided into 44,78,200 (Forty Four Lacs Seventy Eight Thousand Two Hundred )Equity Shares of Rs. 10 /-(Rupees Ten only) each

11. Extract of the annual return

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and administration) Rules, 2014 is furnished in Annexure I and is attached to this Report.

12. Conservation of energy, technology absorption and foreign exchange earnings and outgo

The detail in regard to the technology absorption is annexed as an Annexure II. There was no foreign exchange inflow or Outflow during the year under review.

13. Corporate Social Responsibility (CSR)

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

14. Directors:

A). Appointment, Re-appointment and resignation of Directors

No changes in the composition of the Board

B) Declaration by an Independent Director(s) and re- appointment, if any

The Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and the relevant rules.

15. Formal Annual Evaluation of Board of Directors

Pursuant to the governing provisions of the Companies Act, 2013 and clause 49 of the Listing Agreement, a formal evaluation was carried out by the Board of its own performance and that of its committees and individual directors. During the year under review, one meeting of the Independent directors was held wherein the performance of non-independent directors and the Board as whole were reviewed. The performance evaluation of committees and Independent Directors was carried out by entire Board excluding the director being evaluated. The Independent Directors also assessed the quality, quantity and timeliness of flow of information between the company management and the Board that is necessary for the Directors to effectively and necessarily perform their duties.

The final evaluation was thereafter deliberated and assessed taking into account inputs from the Board about evaluation of independent directors and various committees of the Board and suggesting action plan for improving Board performance and plan for next Board, its Committee(s) and individual director's evaluation.

16. Number of meetings of the Board of Directors

The Company had 10 Board meetings during the financial year under review which is mentioned in the Corporate Governance Report.

17. Audit Committee

As on 31st March 2015 Audit Committee consists of three non executive directors. The members of the Committee are Mr. Ram Murthy, V.K. Mamani and T. Chandrasekhar. The audit committee had met for five times in a financial year.

18. Vigil mechanism /Whistle Blower policy

The Whistle Blower policy is formulated to provide a vigil mechanism for Directors and Employees to raise the genuine concerns about unethical behavior, actual and suspected fraud and violation, actual or suspected fraud. It also provides for adequate safeguard against victimization of persons who use such mechanism.

19. Nomination and Remuneration Committee

Pursuant to Clause 49 of the Listing Agreement the company has constituted Nomination and Remuneration Committee comprising of Mr. Ram Murthy, V.K. Mamani and T. Chandrashekhara.The Details of the Committee is disclosed in Corporate Governance Report.

20. Particulars of loans, guarantees or investments under section 186

The particulars of Loans, guarantees or investments made under Section 186 are furnished in Annexure III and are attached to this report.

21. Particulars of contracts or arrangements with related parties:

The particulars of Contracts or Arrangements made with related parties made pursuant to Section 188 is furnished in Annexure IV and is attached to this report.

22. Managerial Remuneration:

None of the employees in the company is earning above five lakhs per months / Sixty Lacs per annum..

23. Secretarial Audit Report

Pursuant to Section 204 of the Companies Act 2013 and the Companies (Appointment and remuneration of Managerial Personnel) Rules 2014, the Company has appointed by Mr. G Shanker Prasad, a company secretary in practice to undertake the Secretarial Audit of the Company. A Secretarial Audit Report is annexed herewith as Annexure V with the report.

24. Risk management policy

The Company has adopted the adequate measures concerning the development and implementation of a Risk Management Policy after identifying the following elements of risks

25. Directors' Responsibility Statement

The Directors' Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that—

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

(b) the directors had 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 and of the profit and loss of the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) The directors had prepared the annual accounts on a going concern basis; and

(e) The directors, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

26. Details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future

There are no material litigations outstanding as on March 31, 2015

27. Management Discussion and Analysis report

Management Discussion and Analysis Report as required under Clause 49 is disclosed as Annexure VI

28. Corporate Governance Report

Corporate Governance report as required under Clause 49 is disclosed as Annexure VII

29. Listing Fees

The Company confirms that it has paid the annual listing fees for the year 2015-16 to the Bombay Stock exchange.

30. Acknowledgements

Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the shareholders for their support and confidence reposed on your Company.

For and on the behalf of the Company

K.V. Prabhakar DIN No.01716813 Place;Chitradurga Date; 20-7-2015

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Mar 31, 2012

The Directors herby present the Twenty First Annual report on the business and operation of the company and financial result for the year ended 31st Mach 2012.

Financial Highlights 2011-12 2010-11

Turnover 14,09,04199.00 22.47,52,332.00

Other Income 3,06,133.00 3,29,341.00

Administrative & Selling Expenses 15,40,586,84.00 21,92,81,918.00

Operating surplus/deficient interest & depreciation 57,77,904.00 39,54,347.00

Interest 29,57,567.00 12,59,755.00

Depreciation 28,20,340.00 26,94,592.00

Profit for the year 1,86,26,259.00 18,45,408.00

Total deficit carried forward 2,74,00,339.00 87,47,155.00



OPERATIONS:

The company has incurred a loss of Rs. 1,86,26,259.00 on overall turnover of Rs 14,09,04199.00 during the year.

OUT LOOK;

Through the results are not very encouraging with a decline in growth and in the turnover the outlook of the current year appears bleak mainly on account of faulty policies of the government which has resulted in the washing of the prices of cotton and yarn.

REPLY TO THE AUDITORS QUALIFICATION REGARDING LOSSES:

The Losses suffered by the company during the year under review was mainly on account of huge, uncontrolled volitility in the prices. They do not in any way reflect the operational performance of the company. The entire industry was affected adversely. The goverenment has recently come up with a policy to help the industry but it would be premature to comment on its efficacy. Your directors however, will spare no efforts to improve the financial viability of the company. They will also take such steps as may be required under current laws and regulations in terms of disclosers and reporting.

DIVIDEND:

In view of the accumulated losses of Rs 2,74,00,339.00Lakhs, your directors regret their inability to declare any dividend for the year.

FUTURE:

Your company is constantly striving hard to achieve better results and to economize the cost of operations by adopting strategies like procurement of raw materials at the appropriate time. Implementation of cost reduction measures in all points of operations. Like power utility, checking. Pilferages and better utilization of available business resources.

For the coming cotton season, the cotton crop will be lower by 1094, due to export of Raw cotton and the declining carry forward stock in India and in the world, Market will hold the cotton Prices at the higher levels. This would definitely result in increased volume of business and better earrings in the year to come.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217(2AA) of the companies Act, 1956 with respect to Director's responsibility statement, it is here by confirmed that

1. In preparation of annual accounts for the financial year ended 31-3-2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. We 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 the affairs of the company for the year under review.

3. We have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. We have prepared the accounts for the financial year ended 31.3.2012 on a 'going concern' basis DIRECTORS

There was a change in the constitutions of the directors during the year. Sri Eshwar V.Patil whole time director resigned from the company.

AUDITORS:

To appoint auditors to hold the office from the conclusion of the Annual General Meeting to the next annual general meeting LISTING:

The share of the company continues to be listed at Bangalore Stock Exchange Limited and the Stock Exchange Mumbai.

Listing fee for the year 2011-2012 have been paid to Mumbai Stock Exchange.

CORPORATE GOVERNANCE:

The report on corporate governance is annexed to this report.

PARTICULARS UNDER SECTION 217 (2A) & (1) (E) OF THE COMPANIES ACT 1956.

A) Particulars of employees drawing remuneration is excess of the limits prescribed under section 217(2A) of the companies Act 1956:- Nil

B) Foreign exchange earnings and outgo:

There have been no foreign Exchange earnings and out go during the year

C) Conservation of energy: ' Disclosure in respect of conservation of energy in Form A is annexed

D) Technology absorption during the year-Nil

ACKNOWLEDGEMENTS:

The directors gratefully acknowledge the co-operation, assistance and support extended by the Central Government, Government of Karnataka, the Financial Institution like State Bank of Mysore .Company Bankers, the shareholders, and dealers.

The directors also wish to place on record their appreciation of the contribution made by employees at all levels.

By order of the Board

Place: Chitradurga

Date : 20-08-2012 K.V. PRABHAKAR

Managing Director

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Mar 31, 2010

The Directors herby present the Nineteenth Annual report on the business and operation of the company and financial result for the year ended 31st Mach 2010

Financial 2009-10 2008-09

Turnover 10,85,08,748.00 12,63,18,036.00

Other Income 3,46,82500 2,67,131.00

Administrative & Selling Expenses 10,45,96,718.00 12,17,92,401.00

Operating surplus/deficient interest & depreciation 3374444.00 36,05,971.00

Interest 706117.00 9,44301.00

Depreciation 2668327.00 26,61,670.00

Profit for the year 684411.00 11,64,295.00

Total deficit carried forward 1,05,24027.00 1,09,10,630.00



OPERATIONS :

The company has achieved the profit of Rs. 6,84,411.00 on overall turnover of Rs 10, 85, 08,748.00 during the year.

DIVIDEND :

In order to flow back the profit to strengthen the company, your director are not recommending any dividend for the year

In view of the accumulated losses of Rs 1,05,24027.OOLakhs, your directors regret their inability to declare any dividend for the year.

FUTURE:

Your company is constantly striving hard to achieve better results and to economize the cost of operations by adopting strategies like procurement of raw materials at the appropriate time. Implementation of cost reduction measures in all points of operations. Like power utility, checking. Pilferages and better utilization of available business resources.

For the coming cotton season, the cotton crop will be higher "by 10%,due to export of Raw cotton and the declaiming carry forward stock in India and in the world, Market will hold the cotton Prices at the higher levels. This would definitely result in increased volume of business and better earrings in the year to come.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217(2AA) of the companies Act, 1956 with respect to Directors responsibility statement, it is here by confirmed that

1. In preparation of annual accounts for the financial year ended 31-3-2010 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. We 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 the affairs of the company for the year under review.

3. We have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. We have prepared the accounts for the financial year ended 31.3.2010 on a going concern basis.

DIRECTORS

There was change in the constitutions of the directors during the year as two earlier directors Mr. H.P.Basavarajappa and Mr.

T.Veerabhadraswamyretried by rotation and in their place Mr. Ram Murty and Mr. T.Chandrashekar are appointed as directors

AUDITORS:

To appoint auditors to hold the office from the conclusion of the Annual General Meeting to the next annual general meeting

LISTING:

The share of the company continues to be listed at Bangalore Stock Exchange Limited and the Stock Exchange Mumbai. Listing fee for the year 2009-2010 have been paid to Mumbai Stock Exchange.

CORPORATE GOVERNANCE:

The report on corporate governance is annexed to this report.

PARTICULARS UNDER SECTION 217 (2A) & (1) (E) OF THE COMPANIES ACT 1956.

A) Particulars of employees drawing remuneration is excess of the limits prescribed under section 217(2A) of the companies Act 1956:- Nil

B) Foreign exchange earnings and outgo: There have been no foreign Exchange earnings and out go during the year.

C) Conservation of energy: Disclosure in respect of conservation of energy in Form A is annexed

D) Technology absorption during the year-Nil

ACKNOWLEDGEMENTS

The directors gratefully acknowledge the co-operation, assistance and support extended by the Central Government, Government of Karnataka, the Financial institution like State Bank of Mysore .Company Bankers, the shareholders, and dealers. The directors also wish to place on record their appreciation of the contribution made by employees at all levels.



By order of the Board

Place : Chitradurga K.V. PRABHAKAR

Date : 25-08-2010 Managing Director