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. () - Director Report

Company director report

AKASH AGENCIES LIMITED ANNUAL REPORT 1999-2000 DIRECTORS' REPORT TO THE MEMBERS The Directors submit their 20th Annual Report together with the Audited Accounts of the Company fox the year ended on 31st March, 2000. DIVIDEND In order to strengthen the financial position of the .Company your directors do not recommend any dividend. DIRECTORS Shri Harsh A.Jhaveri and Shri Pallav R. Acharya, Directors of the Company who retire by rotation from the Board in terms of Article 99 of the Articles of Association of the Company and as per the Companies Act, 1956 and being eligible for re-appointment offer themselves for the same. EMPLOYEES There was no employee as would be covered by the Section 217 (2A) of the Companies Act, 1956. FIXED DEPOSITS As on 31st March, 2000 there were no deposits with the Company. AUDITORS You are requested to appoint Auditors and fix their remuneration. REGISTERED OFFICE By Order of the Board 418, DALAMAL TOWERS, Ramesh M Sodagar 211, NARIMAN POINT, Director MUMBAI-400 021. ----------------- 28TH JUNE, 2000.