DIRECTORS REPORT TO THE SHARE HOLDERS

The Directors have pleasure in presenting their report together with the audited Balance sheet as at 31^st March 2016 and Statement of Profit & Loss for the year ended on that date.

Financial Results

Dividend

In view of inadequate profit, Company has not declare any dividend.

Transfer to Reserve

During the Financial Year ended 31^st March 2016, the Company has transferred a sum of Rs. 5,91,000/- towards reserve under Section 45-IC of the RBI Act, 1934.

Company’s Performance

Revenue from Operation for financial Year 2015-2016 at Rs,22,11,55,931.07 was upper by 402.33% over last year RS,4,40,26,253.98. Profit Before Tax for Financial Year 2015-2016 T 43,03,170.98 was upper by 99.64% over last year TRs,21,55,507.74/During the Year, Company reviewed the Loans and Advances given to various parties. The management examined that an amount of Rs. 22,07,540/- of M/s Akhileswar Properties Private Limited & Rs.77,768/- of Mr. Mrinal Nandi is not recoverable. Therefore Management decided to record the amount as Bad Debt.

Fixed Deposits

We have not accepted any Fixed Deposits and as Such no amount of Principle or Interest was outstanding as of Balance sheet date.

Management Discussion and Analysis Report

In terms of provisions of Regulation 34 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015, the Management discussion and Analysis is set out in this Annual Report.

Listing with Stock Exchanges

The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 to BSE (Scrip Code 538708) where the Company’s share are listed. The Company has not paid Listing Fess to CSE (Scrip Code-015111)

Dematerialization of shares

96.0% of the Company’s paid up Equity share Capital is dematerialized form as on 3/CB/20B and the balance are in physical form. The Company’s registrar are M/s Niche Technical givate Limited having their registered office at D/511 Bagree Market,5^th Floor, 71, B R B Basu Road Kolkata-700001.

Number of Board Meetings Held

The Board of Directors duly met Eight times during the financial year‘ from 2005 to 31^st March 2016. The maximum Interval between any two meetings did not exce2ddays as prescribed in the Companies Act, 206.

Significant and Material Orders

There are no significant and material orders passed by that courts or pasting the going concern stat us and Company’s operations in future.

Board Evaluation

The Board carried out an annual performance evaluation of its own performance, the individual Directors as well a working of the Committees of the Board performance evaluation of Independent Directors was carried out by the Board. The performance of the Non Independent Directors by Independent Directors. Details of the same are given in the report on the Corporate Governance annexed to this report.

Internal Financial Control and its adequacy

The Board has adopted policies and procedures for ensuring orderly and efficient conduct of its business, including adherence to the Companies policies, the safeguarding of assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and timely preparation of reliable financial disclosures.

Subsidiaries and Associates

During the Year, the Board of Directors reviewed the affaire Subsidiaries. In accordance with Section 29 (3) of the Companies Act, 20B, we have prepared Consolidated Finance Statement of the Company, forms part of this Annual Report. Further a Statement containing salient features financial statement of our subsidiaries in the prescribed form AOC-1 is appended as Annexure to the Boards report.

Extracts of Annual Return

The details forming part of the Extract of the in form MGT-9 is appended as Annexure -2 Declaration by Independent Directors

The Company has received necessary declaration from each independent Director under Section 19(7) of the Companies Act, 2016 that he/she meets the criteria of Independence down in Section 19 (60 of the Companies Act, 2015 and Regulation 25 of SEBI (Listing obligation Disclosure requirements) Regulations 2015.

Directors and KMP

Reappointments:- As per the Provisions of the Companies 2015 Mr. Sujay Rakshit, Director of the Company retires by rotation at the ensuing Annual General Meeting and dingle, seeks reappointments. The Board recommends his reappointment.

Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2015 Doctor of your company hereby state and confirm that:-

a) In the preparation of the annual accounts for the year March 2016, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b)They have selected such accounting policies and applied the insistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of affairs of the Company at the end of finance year and of the Loss of the Company for the same period;

c) The directors have taken proper and sufficient of adequate accounting records in accordance with the provisions of the Companies Act, 2015 for according the assets of the Company and for preventing and detecting fraud and other irregularities;

d) They have prepared the annual accounts on a going concern basis;

e) They have laid down internal financial controls that are adequate are were operating effectively;

f) They have devised proper systems to ensure complain the provisions of all applicable laws and these are adequate and are operating effectively.

Remuneration to the Directors/KMP

Note : With pursuant to the provisions of the Companies Act,2013 w.e.f. 14^th May,2015 as compulsory to appoint the Woman Director, Company has been appointed Mrs. Tuhina Rakshit as a Woman Director.

Managerial Remuneration and Particular of Employees

The Information required pursuant to Section 197 read with of the Companies (Appointment and Remuneration of Managerial Remuneration) Rules 204 in respect of the employers he Company are given in annexure -2 forming part of this report.

Extracts of Annual Return

The details forming part of the Extract of the inform MGT-9 is appended as Annexure -3.

Auditors:

Statutory Auditors:-

At the Annual General Meeting held September 30,2015 the Auditors M/s Ashok Kumar Natwarlal and Co. Chartered Accountants, Kolkata were appointed as Auditor of the company to hold office till the of Annual General Meeting to be held in the calendar year 207. In terms provision of Section 39 of the Companies Act, 2013 the appointment of the auditors shall be add for ratification at every Annual General Meeting . Accordingly the appointment of M/s Ashok Kumar Natwarlal and Co. chartered Accountants, auditors of the Company, is placed for ratification by the shareholders.

Secretarial Auditor:-

Miss Rashmi Jaiswal (CP. No. 16091- Proprietor) practicing Secretary was appointed to conduct the Secretarial Audit of the Company for the Year 20i5-20i6 forms part of Annual report.

Auditors ’s Certificate on Corporate Governance-

As required by SEBI (Listing Obligation and Disclosure Requites) Regulations 205 the auditors’ certificate on Corporate governance is enclosed as Annexure to the Board Report.

Audit Observations

Auditors’ observation are suitably explained into to the Accounts and are self-explanatory.

Corporate Governance

Pursuant to Regulation 34 of the listing Regulation schedule V to the said regulations, a compliance report on Corporate Governance has been annexed as part Auditor report along with Auditors Certificate.

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

Information required under Section 134(3)(m) of the Compares- 2013 read with rule 8 of the Companies (Accounts) Rules, 2014 is not applicable to the Company.

Corporate Social Responsibility

In terms of Section 35 and Schedule VII of the Company Act, 2013, the CSR is not applicable for the Company.

Vigil Mechanism

In pursuant to the provisions of Section 177(9) & (1) the Companies Act, 2013 a vigil Mechanism for Directors and Employee to report genuine concerns has been established.

Related Party Transactions

Relate Party Transactions that were entered during the financial year. Therefore the requirement of Form AOC-2 is required.

Particulars of Loans, Guarantees or Investments

The Company has not given Loans, Guarded and Investments. Therefore the requite to disclose in Notes to Accounts are not required.

Listing Agreement

The Securities and Exchange Board of India on September 2015 issued SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 with the aim to consolidated streamline the provisions of the Listing Agreement for different segments of Capital Market to ensure bettered The said regulation were effective from December 0, 205. Accordingly all listed entities were rescued to enter into the Listing Agreement in Six Months from the effective Date. The Company entered into listing agreement with Stock Exchange an Bombay Stock Exchange on February 2016.

Disclosure under Sexual Harassment of Women at Work Place (Prevention, Prohibition and Redressal) Act, 2013

Your company is committed to creating and maintaining a environment where its employee, customers, Vendors etc can work and pursue business together in an -Harassment , exploitation and intimidation. To empower women and protect woman against Sexual harassment, a policy prevention of Sexual has been rolled out . The policy allows employees to report sexual harassment at the work place.

Acknowledgement

Directors deeply acknowledge the trust you have placed in the company. Director would also like to thank all its Banker, Customer, Vendors and Share for their Continued support to the Company. In specific, the Board would also record its sincere appreciation of the Committee Contribution made by all employees of the Company.

Kolkata BY ORDER OF THE BOARD

Date : 30.05.2016

Murari Agarwal (Whole-Time Director)

(DIN No.-05302257)