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Directors’ ReportThe directors present their report to the member together with the audited financial statements of the company for the financial year ended31st March, 2009.DIRECTORSThe directors of the company in office at the date of this report are:Avijit MazumdarSumit MazumderShyamal BandopadhyayArangannal s/o KathamuthuARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURESNeither at the end of nor at any time during the financial year was the company a party to any arrangement whose object is to enable thedirectors of the company to acquire benefits by means of the acquisition of shares in, or debentures of, the company or any other bodycorporate.DIRECTORS’ INTEREST IN SHARES AND DEBENTURESAccording to the register of directors’ shareholdings kept by the company for the purpose of Section 164 of the Singapore Companies Act,Cap. 50, the directors of the company holding office at the end of the financial year had interest in the shares of the company and its relatedcorporation as detailed below:Holdings registered in name of directorAs at 1.4.2008 As at 31.3.2009Immediate and Ultimate Holding CompanyOrdinary shares of 10 Rupees each fully paidAvijit Mazumdar and Sumit Mazumder 446,701 588,301Avijit Mazumdar 2,543 -Sumit Mazumder - 24,360Shyamal Bandopadhyay - 500None of the directors holding office at the end of the financial year had any interests in the debentures of the company or its related corporations.DIRECTORS’ CONTRACTUAL BENEFITSSince the end of the previous financial year, no director has received or become entitled to receive a benefit by reason of a contract madeby the company or a related corporation with the director or with a firm of which the director is a member, or with a company in which thedirector has a substantial financial interest.SHARE OPTIONSThere were no share options granted during the financial year to subscribe for unissued shares of the company.No shares have been issued during the financial year by virtue of the exercise of options to take up unissued shares of the company.There were no unissued shares of the company under option at the end of the financial year.INDEPENDENT AUDITORSThe independent auditors, Messrs Shanker Iyer & Co., Certified Public Accountants, Singapore, have expressed their willingness to acceptre-appointment.On behalf of the BoardSumit MazumderDirectorShyamal BandopadhyayDirectorDate : 28th April, 2009.