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Ananthi Constructions Ltd.

BSE: 526833 Sector: Infrastructure
NSE: N.A. ISIN Code: INE151O01014
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Ananthi Constructions Ltd. (ANANTHICONST) - Director Report

Company director report

DIRECTOR

To the Members,

Your directors are pleased to present the Fifteenth Annual Report together with theAudited Accounts for the year ended 31st March 2012.

FINANCIAL RESULTS

Rs. Rs.
Year ended 31.03.2012 Year ended 31.03.2011
Profit/Loss before depreciation, Tax (26365) (603010)
Add/Less: Depreciation 63834 64892
Profit/Loss after depreciation (90199) (667902)
Provision for taxation 0 0
Profit/Loss after Tax (90199) (667902)
Previous year's loss transferred (31362045) (30694143)
Loss transferred to Balance Sheet (31500594) (31362045)

OPERATIONS:

Your Company has been focusing on flat promotion. The rising price of raw materialsincluding the phenomenal increase in the cost of land has had an adverse effect on theCompany's financial position. During the current year the company has started operationsagain.

DIVIDEND:

The Board of Directors has not recommended any dividend.

DIRECTORS:

Mr. P. Prajeesh and Mr. Rs. Ghanesh, Directors are retiring by rotation at the ensuingAnnual General Meeting and are eligible for re-appointment.

AUDITORS:

The Board of Directors recommends the appointment of M/s. Vijayaraghavan andAssociates, Chartered Accountants as the Auditors of the Company for the financial year2012-13.

DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217 (2AA) OF THE COMPANIES ACT,1956:

The Directors, to best of their knowledge and belief, confirm that:

1. that in the preparation of the annual accounts, the applicable accounting standardshave been followed and there has been no material departure.

2. that the selected accounting policies were applied consistently and the directorsmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the company as at 31st March 2012 and of theLoss of the company for the year ended on that date.

3. that proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act, 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities.

4. that the annual accounts have been prepared on a going concern basis.

PUBLIC DEPOSITS:

During the year under review the Company has neither invited nor received any depositsfrom the public.

AUDITORS REPORT:

The Report of the Auditors being self-explanatory needs no further comments.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange Earnings: Rs. NIL Foreign Exchange Outgo: Rs. NIL
(Previous year Rs. NIL) (Previous year Rs. NIL)

INFORMATION AS PER SECTION 217(1) (E) OF THE COMPANIES ACT, 1956:

The Company has no activity relating to conservation of energy or technologyabsorption.

PARTICULARS OF EMPLOYEES

There are no employees drawing salary in excess of the monetary" ceilingprescribed under Section 217 (2A) of the Companies Act, 1956 read with the Companies(Particulars of Employees) Rules, 1975 during the financial year 2011-12.

INDUSTRIAL RELATIONS:

Industrial relations continued to be cordial.

LISTING:

The securities of the Company are listed on the Bombay Stock Exchange Limited andMadras Stock Exchange Limited.

CORPORATE GOVERNANCE:

The Company has complied with the statutory provisions of Corporate Governance asprescribed under the Listing Agreement of the Stock Exchanges with which the Company'sshares have been listed. A separate Report on Corporate Governance is enclosed as part ofthis Annual Report. A certificate as to compliance with the conditions of CorporateGovernance as stipulated under Clause 49 of the Listing Agreement is annexed to the Reporton Corporate Governance.

AUDIT COMMITTEE:

In consonance with Corporate Governance norms, Mr. P. Magesh, Independent Director ofthe Board, has been appointed as the Chairman of the Audit Committee.

COMPLIANCE CERTIFICATE:

A certificate from the Auditors of the Company regarding compliance of conditions ofCorporate Governance as stipulated under Clause 49 of the Listing Agreement is attached tothis report. A

Compliance Certificate by a Company Secretary in whole-time practice, as required bysection 383A of the Companies Act, 1956 is also attached to the Directors Report.

CASH FLOW STATEMENT:

In conformity with the provisions of Clause 32 of the Listing Agreement with the StockExchanges, Cash Flow Statement for the year ended 2011-12 is annexed hereto.

ACKNOWLEDGEMENTS:

The Board of Directors place on records its application for the assistance andco-operation received from the Government Authorities. The Board also places on record itsgratitude to the employees at all levels for their commitment and dedicated efforts. TheDirectors are also thankful to the shareholders for their continued support to theCompany.

Place: Chennai By order of the Board
Date: 07.05.2012 T.N.T.Raajasekar
Managing Director

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