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Warden Construction & Finance Ltd.

BSE: 512269 Sector: Infrastructure
NSE: N.A. ISIN Code: N.A.
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Warden Construction & Finance Ltd. (WARDENCONS) - Director Report

Company director report

WARDEN CONSTRUCTION AND FINANCE LIMITED ANNUAL REPORT 2007-2008 DIRECTOR'S REPORT The Members, Warden Construction & Finance Ltd. Mumbai. Dear Members, We have great pleasure in submitting the Annual Report together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2008. FINANCIAL RESULTS : CURRENT YEAR PREVIOUS YEAR Loss for the year Rs. 43,889/- Rs. 27,716/- Add: Loss b/f from P.Y. Rs. 70,343/- Rs.1,96,627/- Balance carried to B/s. Rs.1,14,232/- Rs.2,20,343/- PARTICULARS OF EMPLOYEES: There was no employee in respect of whom information is required to be disclosed as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO: The information required under Section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 is not applicable. DIRECTORATE: Pursuant to Section 255 of the Companies Act, 1956 Mr. Lalit Agarwal and Mr. Manish Agarwal, Directors of the Company, retire by rotation at the ensuing Annual General Meeting and being eligible offer themselves for re- appointment. DIRECTORS RESPONSIBILITY STATEMENT: The Directors hereby state that: 1) in preparation of annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures. 2) the Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the Profit or Loss of the Company for that year. 3) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 4) the annual accounts are prepared on a going concern basis. BUYBACK OF SHARES: There has been no buyback of Shares of the Company for the year ended 31st March, 2008. AUDITORS: M/S. RAJU SHAH PATEL & KOTADIA ASSOCIATES, Chartered Accountant, the present Auditors of the Company, retire and being eligible offer themselves for re-appointment. FOR AND ON BEHALF OF THE BOARD, WARDEN CONSTRUCTION & FINANCE LIMITED PLACE: MUMBAI DIRECTOR DATED: 8th September, 2008.