Notice & Director Report

JAMUNA ENTERPRISES PVT. LTD. : NEW DELHI REGD. OFFICE : 284, Sultan Sadan, L-3 Westend Marg, Saidulajaib, New Delhi NOTICE Notice is hereby given that the Annual General Meeting of the company will be held at the registered office of the company at 284, Sultan Sadan, L-3 Westend Marg, Saidulajaib, New Delhi. on Wednesday 25th September, 2009 at 4.00 P.M. to transact the following business:ORDINARY BUSINESS : 1. To receive, consider and adopt the Audited Balance Sheet as at 31 st March, 2009 and Profit & Loss Account for the year ended on that date together with the Auditors and the Director’s Report thereon. 2. To declare dividend. 3. To appoint Auditor’s for the current year and fix their remuneration. M/s Aiyar & Co., Chartered Accountants, New Delhi retire and are eligible for re-appointment. SPECIAL BUSINESS: 4. To consider and if thought fit, to pass the following resolution as an Ordinary resolution: “Resolved that Mr. Arun Patnaik who was appointed as Additional Director under section 260 of the Companies Act, 1956 on 01/10/2008 till the Annual General Meeting, be and is hereby appointed as a Director of the company. BY ORDER OF THE BOARD

NEW DELHI Dated: August 31, 2009

Sd/(PREM PATNAIK) DIRECTOR

Note: A member entitled to attend and vote at the meeting is also entitled to appoint a proxy. The Proxy need not be a member of the company. Proxies in order to be effective must be received by the company not less than 48 hours before the meeting.

EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT,1956 ITEM 4 Mr. Arun Patnaik was appointed as Additional Director of the Company from 01/10/2008 till the conclusion of next Annual General Meeting. Mr. Arun Patnaik is young, dynamic and energetic and your Board of Directors believes his association with the company would be beneficial and is in the interest of the Company for its growth. He is therefore proposed to be appointed as Director at the ensuing Annual General Meeting and hence this resolution may be considered and if thought fit may be passed with or without modification. By order of the Board For Jamuna Enterprises Private Limited Place: New Delhi Date: 31.08.2009

Sd/(PREM PATNAIK) DIRECTOR

JAMUNA ENTERPRISES PVT. LTD. : NEW DELHI DIRECTORS’ REPORT Your Directors have pleasure in presenting to you the accounts of the company for the year ended 31st March, 2009. The salient features in respect of financial operations are given below: FINANCIAL RESULTS : Turnover Interest, Dividend & Other Income Profit before Tax Less : Provision for Tax Deferred Tax Asset /(Liability) Surplus Add : Profit brought forward Profit available for appropriation Less : Transfer to General Reserve Less : Proposed Dividend Less : Dividend Tax on Proposed Dividend Surplus carried to Balance Sheet

Current Year Previous Year 11,401,695 15,314,828 932,475 1,404,61 0 1,701,495 (631,324) 10995 1,081,166 1,726,990 2,808,156 (170,000) 2,638,156 (132,750) 2,505,406 ( 22,561)

2.051,060 (2,78,260) (30,116) 1,160,421 931,880 2,092,301 (210,000) 1,882,301 (1,32,750) 1,749,551 (22,561)

2,482,845

1,726,990

Directors: Mr.Arun Patnaik was appointed as Additional Director during the year. He is proposed to be appointed as regular Director at the ensuing Annual General Meeting of the Company. Dividend : The board recommended a final dividend of Rs. 25/- per share for the year ended 31st March, 2009. Auditors : M/s. Aiyar & Co., Chartered Accountants, New Delhi, Statutory Auditor of your company retire and are eligible, for re-appointment.

Employees : There is no employee in the company who was in receipt of remuneration amounting to Rs. 24,00,000/- per annum in aggregate, employed throughout the year or Rs. 2,00,000/per month if employed for part of the year, thereby the provisions of Sub-section 2A of Section 217 are not applicable to the Company.

Conservation of Energy, Foreign Exchange Earnings / Outgo. The provisions of Section 217(1) (e) & the rules framed thereunder regarding conservation of energy, technology and Foreign Exchange are applicable to the company only in respect of foreign exchange earnings. (i)

There have been concentrated efforts to maintain and improve exports performance in respect of Textile, leather (shoes, ladies purse), books and other miscellaneous items etc. inspite of depressed market conditions prevailing the world over.

(ii)

Total foreign exchange used & earned : Used 92,204 Earned 7,585,496

Directors’ Responsibility Statement Pursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that: i)

In the preparation of the Annual Accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii)

The Directors had selected such accounting policies and applied them consistently and made judgements 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 the financial year and of the profits of the Company for the period; iii) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for the safeguarding the assets of the Company and for the preventing and detecting fraud and other irregularities;

iv)

The Directors had prepared the accounts for the financial year ended 31st March, 2009 on a ‘going concern’ basis. ON BEHALF OF THE BOARD OF DIRECTORS

NEW DELHI DATED: 31.08.2009

Sd/(CRISTINA PATNAIK) DIRECTOR

Sd/(PREM PATNAIK) DIRECTOR