Dear Members,

Your Directors have the pleasure in presenting the 19th Annual Report
together with the Audited Accounts of the Company for the financial year ended on 31st
March, 2011.


Financial Results

(Rs. in Lacs)


  

    
Particulars
    
Year ended 31.03.2011
    
Year ended 31.03.2010
  
  

    
Income from Operation
    
15,218.15
    
18,424.02
  
  

    
Other Income
    
143.35
    
182.48
  
  

    
Profit before Tax
    
1,169.43
    
1,939.62
  
  

    
Less: Provision for Taxation & Deferred Tax
    
388.48
    
694.70
  
  

    
Profit after Tax
    
780.95
    
1,244.92
  
  

    
Less: Provision for Taxation written off
    
(21.53)
    
7.93
  
  

    
Add: Balance from previous year
    
789.18
    
113.68
  
  

    
Profit available for Appropriation
    
1,591.66
    
1,350.68
  
  

    
Less: Proposed Dividend
    
35.05
    
52.57
  
  

    
Less: Tax on Proposed Dividend
    
5.82
    
8.93
  
  

    
Less: Transferred to General Reserve
    
750.00
    
500.00
  
  

    
Profit carried to Balance Sheet
    
800.79
    
789.18
  



Performance

During the year under review, the total income of the Company amounted to Rs 15,362/-
lacs as against Rs. 18,606/- Lacs during the previous year. However, the Company has
earned Profit of Rs. 1,169/- Lacs before tax during the year as against Rs. 1,940/- Lacs
during the previous year.


Dividend

The Board of Directors has recommended a dividend of 5% (i.e. Re. 0.50 per share)
during the financial year ended 31st March, 2011. The dividend is free of tax
in the hands of Shareholders.


Business Prospects

Your Company is one of the fastest growing groups in the infrastructure development
with significant presence. The Company has built a strong reputation for reliability
combined with economy & efficiency of works. Keeping in view the performance and
future prospects, the company will continue to increase its overall presence in the
industry with increased market share.


Management Discussion and Analysis Report

Operational performance of each business segment has been comprehensively covered in
the Management Discussion and Analysis Report given in Annexure–A which forms part of
this Report.


Corporate Governance

As per the requirement of Clause 49 of the Listing Agreement a separate Report on
Corporate Governance along with the Auditor’s Certificate regarding compliance of
conditions of Corporate Governance is given in Annexure-B which forms part of this Report.


Directors

On 13th June, 2011, Mr. Suresh Kumar Prithani has resigned from the board of
directors of the company due to his preoccupation in other works.

In accordance with the articles of the Company and the provisions of the Companies Act,
1956, Mr. Satish Chandra Gupta is retiring by rotation at the ensuing Annual General
Meeting and being eligible offers himself for re-appointment on the Board of your Company.


Directors’ Responsibility Statement

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Board of Directors of the
Company hereby state and confirm that: 

i) the preparation of annual accounts for the financial year ended 31st
March 2011, the applicable accounting standards have been followed; 

ii) the Directors have selected such accounting policies and applied them consistently
and made judgments 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 financial year ended 31st
March, 2011 and of the Profit & Loss account of the Company for that period; 

iii) the proper care has been taken for the maintenance of adequate records for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities; and 

iv) The Accounts for the year ended 31st March, 2011 have been prepared on a
‘going concern’ basis.


Public Deposits

Your Company has not accepted any deposits from the public within the meaning of
Section 58A of the Companies Act, 1956 and the rule made there under, during the year.


Auditors

The Auditor, M/s A. B. Bansal & Co., Chartered Accountants, hold office until the
conclusion of the ensuing Annual general Meeting and are recommended for re-appointment.
Certificate from the Auditors has been received to the effect that their re-appointment,
if made, would be within the limited prescribed under section 224(1B) of the Companies
Act, 1956.


Auditors’ Report

The notes to the accounts referred to in the Auditors’ Report are self-explanatory
and does not call for any further comment.


Search and Seizure operation under Income Tax Act, 1961

During the period under review search and seizure operation under section 132 of the
Income Tax Act, 1961 had taken place in the premises of the Company whereas search
assessment proceedings are in progress with the Income Tax Department till date.


Agitation on Yamuna Expressway Site

Due to Farmers Agitation at company site "Yamuna Expressway Project" during
the year, the company has suffered the loss of money, material and machine and the company
has claimed Losses / Damages with the Insurance Company. The Management is expectant to
get the claim from the respective constitutes at least to the extent of value accounted
for in books of accounts.


Promoters Group

In pursuant to regulation 3(1) (e) (i) of the SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 1997 the constituents of the "Group" are Mr. Suresh
Kumar Prithani, Mr. Sanjeev Kumar Prithani, Mr. Manoj Kumar Prithani, Mr. Sanjay Kumar
Mozika, Brahmaputra Holdings Private Limited, M. L. Singhi and Associates Private Limited,
Brahmaputra Finlease Private Limited, Brahmaputra Promotors and Planners Private Limited,
Brahmaputra Property Management Services Private Limited, Brahmaputra Overseas Limited,
Brahmaputra Projects Private Limited, Indotech Tubewells Private Limited, Brahmaputra
Realtors Private Limited, Brahmaputra Promoters & Developers Limited, Brahmaputra
Housing & Urban Infrastructure Limited, Satluj Infrastructure Limited, Brahmaputra
Infrastructure Limited, Brahmaputra Concrete Private Limited and Brahmaputra Concrete
(Bengal) Private Limited.


Personnel & Human Resources

Employee relations continued to be cordial throughout the year. The company did not
have any employee during the year under review whose remuneration is required to be
disclosed in terms of the provisions of the section 217(2A) of Companies Act, 1956 read
with Companies (Particulars of Employees) Rules, 1975, as amended.


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

The Company’s operations are not power intensive. Nevertheless your Company has
introduced various measures to conserve and minimize the use of energy.

No technology has been imported during the previous year. Indigenous technology
available is continuously been upgraded to improve overall performances.


  

    
Foreign Exchange Earning
    
: Nil
  
  

    
Foreign Exchange Outgo
    
: Nil
  



Acknowledgement

We thank our clients, vendors, sub contractors, investors and Bankers for their
continued support during the year. We place on record our appreciation of the contribution
made by employees at all levels. Our growth was possible by their hard work, solidarity,
cooperation and support.

We thank our Government of Uttar Pradesh where we have operations. We also thank the
Jaiprakash Associates Limited, Ministry of Corporate Affairs, Taxation Department and
other Government Agencies for their support and look forward to their continued support in
the future.


  

    

    
By order of the Board of Directors
  
  

    

    
Brahmaputra Infraproject Limited
  
  

    
Place : New Delhi
    
Sanjeev Kumar Prithani
  
  

    
Date : 05.09.2011
    
Chairman