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Indsoya Ltd.

BSE: 503639 Sector: Industrials
NSE: N.A. ISIN Code: INE314N01010
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Indsoya Ltd. (INDSOYA) - Director Report

Company director report

DIRECTORS

TO THE SHAREHOLDERS

Your Directors have pleasure in submitting their 34thAnnual Report with theaudited accounts for the year ended March 31 2014.

OPERATIONS:

The operations of the company have resulted in a Profit After Tax of Rs. 1180976/-during the year ended March 31 2014 as shown below

Financial data results

(Amount in Rupees.)

Year ended 31st March 2014 Year ended 31st March 2013
Profit / (Loss) Before Tax 1684425 4411852
Less: Provision for Tax 525000 1450000
Less: Provision for Tax (earlier years) (21551) -
Net Profit / (Loss) After Tax 1180976 2961852
Surplus brought from the previous
year 8429162 5467310
Surplus / (Deficit) Carried to Balance
Sheet 9610138 8429162

DIVIDEND:

In order to conserve the resources the Directors have not recommended any dividend forthe financial year ended March 31 2014.

DIRECTOR:

Mr. Kailash Chandra Dawda Director of the Company retires at the ensuing AnnualGeneral Meeting and being eligible offers himself for re-appointment as Director.

AUDITORS AND AUDITORS OBSERVATIONS:

M/s. Shankarlal Jain and Associates Chartered Accountants retires as auditors of theCompany at the ensuing Annual General Meeting and offer themselves for reappointment.

With regard to the Auditors observations the same have been duly explained in thenotes hence does not require any further clarifications.

SECRETARIAL COMPLIANCE CERTIFICATE:

The Secretarial Compliance Certificate issued by a practicing Company Secretarypursuant to Section 383A of the Companies Act 1956 read with Rule 3 of Companies(Compliance Certificate) Rule 2001 is annexed to this Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act 1956 withrespect to Directors Responsibility Statement it is hereby confirmed:

i) that in the preparation of the Annual Accounts for the year ended March 31 2014the applicable Accounting Standards have been followed alongwith proper explanationrelating to material departures.

ii) that the Directors had selected such Accounting Policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a fair view of the state of affairs of the Company at the year ended March 31 2014and of the profit of the Company for that period.

iii) that the Directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the Company and for preventing fraud and otherirregularities.

iv) that the Directors had prepared the Annual Accounts for the year ended March 312014 on a going concern basis.

PARTICULARS OF EMPLOYEES:

The particulars of the employees under the provision of section 217 (2A) of theCompanies Act 1956 are not given as no employees was in receipt of remuneration exceedingRs.6000000/- p.a. if employed for the full year or Rs. 500000/-p.m. if employed forpart of the year.

INFORMATION PURSUANT TO SECTION 217 (1) (a):

The Company does not carry out any manufacturing activity therefore Rule 2 of theCompanies (Disclosure of particulars in the report of the Board of Directors) Rules 1988pursuant to Section 217 (1) (a) of the Companies Act 1956 is not applicable.

PARTICULARS ON CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

This information is required as per Section 217(1) (e) of the Companies Act 1956 readwith the Companies (Disclosure of Particulars in the Report of the Board of Directors)Rules 1988 and forming part of the Directors' Report for the year ended March 31 2014.

Since the Company's operations involve low consumption of energy the Company has nocomments to offer as far as (a) conservation of energy and (b) Technology absorptions areconcerned.

FOREIGN EXCHANGE:

The Foreign exchange earnings and foreign exchange expenditure during the period underconsideration was NIL.

For and on behalf of the Board of Directors of

INDSOYA LIMITED

PLACE: MUMBAI Sd/- Sd/-
DATED: MAY 29 2014 Sarita Mansingka K. C. Dawda
Director Director