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Nakshatra Infrastructure Ltd.

BSE: 530375 Sector: Infrastructure
NSE: N.A. ISIN Code: INE226B01011
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Nakshatra Infrastructure Ltd. (NAKSHATRAINFRA) - Director Report

Company director report

DIRECTORS REPORT

To

The Members of Nakshatra Infrastructure Limited,

Hyderabad.

We have pleasure in presenting the 23rd Annual Report and the Audited Statement ofAccounts for the Financial Year ended 31.03.2012.

FINANCIAL RESULTS:

Particulars Current Year 2011 - 2012 (Rs. In Lakhs) Previous Year 2010 - 2011 (Rs. In Lakhs)
Income 90.60 95.35
Profit before Interest & Depreciation 73.49 74.17
Interest 8.16 7.58
Depreciation 17.22 17.99
Profit befor Tax (14.1) (4.39)
Provision for Taxation 0.45 0.31
Net Profit (4.93) (3.94)

OPERATIONS:

During the year under review your company has earned a total income of Rs. 90.60 Lakhsand earned a Net Profit of Rs. (4.93) Lakhs as against an income of Rs. 95.35 Lakhs andNet Profit of Rs. (3.94) Lakhs in the previous year. Your Directors are confident that thecompany will achieve better results in the coming years.

DIVIDEND:

Due to insufficiency of Profits your directors could not recommend Dividend on theCapital.

DIRECTORS:

Sir C. Pavankumar SAnwarmal, Director retire by rotation at the ensuing Annual GeneralMeeting and being eligible offers themselves for reappointment.

AUDITORS:

M/s. Ramasamy Koteswara Rao & Co. Chartered Accountants. Hyderabad will retire atthe conclusion of the ensuing Annual General Meeting and are eligible for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT:

In pursuance of Section 217(2AA) of the Companies Amendment Act, 2000, your directorsconfirm:

(i) that in the preparation of accounts under report the applicable accountingstandards have been followed along with proper explanations relating to materialdeparture.

(ii) that the directors had selected such accounting policies and applied themconsistently and made judgements and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the profit and loss account for the period.

(iii) That the directors taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the act for safeguardingthe assets of the company and for preventing and deleting fraud and other irregularities.

(iv) That the directors had prepared the annual accounts on the going concern basis.

CORPORATE GOVERNANCE:

Your Company has taken necessary measures to comply with the provisions of Clause 49 ofthe Listing Agreement with the Stock Exchanges in respect of Corporate Governance.

A report on corporate governance along with a certificate of compliance from theAuditors and also the Management Discussion and Analysis report are annexed separately tothis Annual Report.

PARTICULARS OF EMPLOYEES:

No employee was in receipt of remuneration exceeding the limits prescribed undersection 217(2A) of the Companies Act, 1956 and the rules framed there under, as amended todate.

FIXED DEPOSITS:

Your Company has not accepted any deposit and as such no amount of principle orinterest was outstanding on the date of the Balance Sheet.

INFORMATION UNDER SECTION 217 (1) (E) OF THE COMPANIES (DISCLOSURE OF PARTICULARS INTHE REPORT OF BOARD OF DIRECTORS) RULES , 1988.

a) Conservation of Energy:

The operations of the company involve very low energy consumption. However adequatemeasures have been taken to conserve the more energy.

GENERAL:

The Company's shares are listed on Bombay Stock Exchanges Ltd, the listing fee for theyear 2011 - 2012 has been paid.

APPRECIATION:

The Directors wish to place on record their appreciation to employees at all levels fortheir co-operation. Your directors would also acknowledge the continued support of thecompany's shareholders.

By Order of the Board of Directors

Place : Hyderabad

Date : 03.09.2012

(C. ASHOK BABU) (C.JHANSI LAKSHMI)

Managing Director Director