Dear Shareholders

I am pleased to present before you 34^th Annual Report of "R R FinancialConsultants Limited" (RR) and would like to thank you for having reposed yourconfidence in RR. RR has been consistently evolving itself in a rapidly changingenvironment while retaining its core values in an industry which has been very turbulent.We have made great progress in reshaping RRFCL into a more focused value orientedorganization while consistently enhancing our professional streams. Each of our businesseshas developed its own strategy in face of stiff competition to reach a position ofprofitable market leadership

Looking Forward:

We continue to focus on every area that is within our control while being prepared forwhat is beyond our control. We have made great strides in improving our operations andoptimizing our assets but this is a journey with no final destination continuousimprovement is business as usual.

As we continue to grow each new day offers a chance for us to work together pursuenew opportunities and improve upon the past. We establish in depth relationships with ourcustomers by learning their environments challenges and goals firsthand so that we canoffer tangible solutions with a candid perspective. We continue to manage our businessaround the evolving needs of our customers so that we can be at the forefront of changeand deliver value because value is what their shareholders and constituents demand.

On behalf of the Board and my own self I want to acknowledge the tremendous efforts ofour employees team RR whose dedication differentiates and drives the organizationintellect hard work and deep sense of values through all tough times and our company isable to play vital role in Indian economy. I would also like to thank our customersvendors bankers sub-brokers directors and all other partners for their continuedtrust support and confidence in the company.