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DIRECTOR'S REPORT

Anka India Ltd.

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Market Cap. (₹) 14.37 Cr. P/BV 10.82 Book Value (₹) 2.12
52 Week High/Low (₹) 24/13 FV/ML 10/1 P/E(X) 0.00
Bookclosure 29/09/2018 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2014-03 
Dear Members,

The Directors are pleased to present the 20thAnnual Report together with theAuditedAccountsofthe Company for the year ended 31st March,2014

Financial Results

The financial results for the year ended 31s March, 2014 and for the previous year ended 31s March, 2013 are as follows:

                                                         (Rs. in Lacs)

                                              Year Ended    Year Ended
                                              31.03.2014    31.03.2013

Income from Operation                               0.00          0.00

Other Income                                        0.55        345.05

Profit before Finance Cost, 
Depreciation and Taxes                           (18.51)        222.33

Finance Cost                                        0.10          0.12

Depreciation & Amortisation Expenses                0.00         20.60
  
Profit before Tax                                (18.62)        125.96

Provision for Taxation                              0.00         25.20

Deferred Tax (Assets)/Liability                     0.00          0.00

Short/(Excess) Provision of earlier year            0.00          0.00

Profit for the Year                              (18.62)        100.76

Earning per Share                                 (0.89)          4.81
Your Company during the year achieved total revenue of Rs. 0.55 lacs including other income of Rs.0.55 lacs in comparison to total revenue of Rs.345.05 lacs including other income of Rs.345.05 lacs in the previous year ended 31st March, 2013. Your Company ended the year with a net profit of Rs.(18.62) lacs compared to profit of Rs.100.76 lacs for the previous year ended 31s March, 2013. The earning pershare is Rs.(0.89) in comparison to Rs. 4.81 pershare in the previous year.

The operational aspects of the Company's working have been covered in detail in the Management Discussion and Analysis Report and the same is deemed to be part of this Directors' Report.

Dividend

Your Directors does not see any possibility of declaration of dividend for the year under review.

Directors

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of the Company, Mrs P.K.Sethi (DIN 01969211), Director of the Company retires by rotation and being eligible offers herself for re-appointment.

Mr. J.P.Singh and Mr.Kamal Singh Mehra ,Directors of the Company, are being appointed as independent Directors for five consecutive years for a term upto March 31,2019 as per the provision of Section 149 and other applicable provisions of the Companies Act, 2013 Brief resume of the Directors seeking appointment/re-appointment, nature of their expertise in specific functional areas and the name of the Public Companies in which they hold Directorship and Chairman/Membership of the Committees of the Board, are given as Annexure to the Notice convening the Annual General Meeting.

None of the Directors of the Company is disqualified as per provisions of Section 274(1)(g)of the Companies Act, 1956. The Directors have made necessary disclosures as required under various provisions of the Companies Act, 1956 and Clause 49 of the Listing Agreement.

Your Directors recommend their appointment/reappointment.

Fixed Deposits

During the year under review, your Company did not accept any Fixed Deposits from the Public.

Auditors & Audit

The Statutory Auditors of the Company, M/s. H. Kumar & Associates, Chartered Accountants (Firm Registration No.021518N), retire at the ensuing Annual General Meeting and has confirmed their eligibility and willingness to accept office, if re-appointed. The Audit Committee and the Board of Directors recommends the re-appointment of M/s. H. Kumar & Associates, Chartered Accountants (Firm Registration No. 021518N) as the Auditors of the Company fora period of three years.

The observations of the Auditors and the relevant notes on the accounts are self-explanatory and therefore do not call for any further comments.

Internal Auditors

The Board of Directors of your Company has appointed C. L. Golcha & Associates, Chartered Accountants, Ghaziabad (Firm Registration No. 021141N) as Internal Auditors pursuant to the provisions of Section 138 of the Companies Act, 2013 for the financial year 2014-2015.

Secretarial Auditors

The Board of Directors of your Company are in the process of appointing the Secretarial Auditor of the Company pursuant to the provisions of Section 204 of the Companies Act, 2013 for the financial year 2014-2015.

Corporate Governance

The Securities and Exchange Board of India (SEBI) stipulates Corporate Governance standards for listed companies through Clause 49 of the Listing Agreement of the Stock Exchanges. Accordingly, a separate report on Corporate Governance along with the Auditors' Certificate on its compliance by the Company is included as a part of the Annual Report.

Directors' Responsibility Statement

On the basis of compliance certificates received from the Internal Auditors and Executives of the Company, subject to the disclosures in the Annual Accounts and also on the basis of the discussion with the Statutory Auditors of the Company from time to time, we state as under:

* that in the preparation of the Annual Account for the financial year ended 31st March, 2014, the applicable accounting standards have been followed and there has been no material departure.

* that the Directors have selected such Accounting Policies and applied them consistently and made judgment and estimates that were 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 profits of the Company for the year under review.

* that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

* that the Directors have prepared the Annual Accounts on a going concern basis.

The Company's Internal Auditors have conducted periodic audit to provide reasonable assurance that the Company's established policies and procedures have been followed. The Audit Committee constituted by the Board reviews the internal control and financial reporting issues with the Internal Auditors.

Particulars of Employees

There has been no employee during theyearwhose particulars are required to be given under section 217(2A)of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975.

Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo

Information under Section 217(1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of the particulars in the Report of Board of Directors) Rules, 1988 is given in Annexure 'A' forming part of this Report.

Personnel

Relations with the Employees remained cordial and harmonious throughout the year, thereby strengthening the commitment of the Employees at all level to the growth of the Company.

Acknowledgement

The Directors acknowledge with gratitude the co-operation extended by various agencies of the Central Government, Government of Haryana , Banks and all Business Associates during the year under review. The Board also takes this opportunity to express its deep gratitude for the continuous support received from the Shareholders and wholehearted cooperation given by the employees of the Company working at various levels.

                                                  By Order of the Board

                                                           Sd/-
Place : Gurgaon                                        H. S. Sethi
Dated : 27th August, 2014                          Whole Time Director
                                                     DIN No. 00013662
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