:

To

The Members.

SHREEKRISHNA BIOTECH LIMITED

Your Directors' have pleasure in presenting their Twenty Third ANNUAL REPORT of yourCompany together with the audited statement of Accounts for the ended March 31 2013.

1. DIVIDEND

With a view to augmenting the Company's resources your Directors have decided not torecommend any dividend during for the 2012-2013. The profits for the year are anywayinadequate for this purpose.

2. DIRECTOR :

Shri Vipul Joshi will retire by rotation at the forthcoming annual General Meeting ofthe Company and being eligible offer himself for re-appointment. Your Directors recommendhis re-appointment for your approval at the ensuing Annual General Meeting.

3. FIXED DEPOSITS

The company has not accepted any fixed Deposits within the meaning of sections 58A ofthe Companies Act 1956. And the Companies. (Acceptance of Deposits) Rules. 1975.

4. PERSONNEL

The Company had on employees drawing Salary in excess of the limits laid down insection 217 (2A) of the Companies Act 1956 during the year.

5. Directors responsibility Statement as per section 217 (2AA)

In compliance with the provisions of Section 217 (2AA) of the Companies Act 1956 thedirectors of your Company confirm that:

i) In the preparation of the annual accounts the applicable accounting standards havebeen followed and there are no material departures.

ii) They have in selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the company at the end of the financial year and of theprofit of the company for that period.

iii) They have taken proper and sufficient care of the of the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities.

iv) They have prepared the annual accounts on a going concern basis.

6. AUDITORS

M/S. Jain Vinay & Associates Chartered Accountants retire at the ensuing AnnualGeneral Meeting and being eligible offer themselves for re-appointment and have confirmedtheir eligibility under Sub-Section (1B) of Section 224 of the Companies Act 1956.

You are requested to appoint the Auditors for the finical year 2013-2014 and to fixtheir remuneration.

1. CONSERVATION OF ENERGY & TECHOLOGY ABSORPTION :

The Company is engaged in trading activities and had on manufacturing activitiesduring the year under review. No particulars are therefore furnished in this Reportrelating to the conservation of energy and technology absorption as required under section217(1) (c) of the Companies Act 1956.

7. FOREIGN EXCHANGE EARNINGS & OUTGO :

The Company had no foreign exchange earnings during the year and it did not incur anyexpenditure in foreign currency during the year.

APPRECIATION

Your Directors place on record their appreciation for the continued support ofshareholders and the business associates of the Company.