Brahmaputra Infraproject Companies

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- Brahmaputra Infraproject Limited
BOARD OF DIRECTORS
Suresh Kumar Prithani - Chairman cum Managing Director
Gopal Bachani - Whole Time Director
Satish Chander Gupta Independent Director
Om Kumar - Independent Director
Rajesh Sharma Independent Director
COMPANY SECRETARY
Nidhi Lochan
AUDITORS
A. B. Bansal & Company
Chartered Accountants
218-220, Durga Chambers
1335, D.B. Gupta Road, Karol Bagh, New Delhi - 110 005
Phone: 91 -11 -28755325, 28752325
E-mail: abbansalca@bol.net.in
R E G I S T E R E D OFFICE
BRAHMAPUTRA HOUSE
A-7, Mahipalpur (NH 8 - Mahipalpur Crossing),
New D e l h i - 1 1 0 037
Phone : 91 -11 -4229 0200 (50 Lines)
Fax : 91-11-4168 7880, 2678 7068
E-mail: secretarial.bipl@brahmaputragroup.com
CONTENTS PAGE NO.

17TH ANNUAL GENERAL MEETING
Notice 2
Directors' Report 4
Day : Tuesday
Management Discussion and Analysis Report 6
Corporate Governance Report 8
Date : 29th September, 2009
Auditors' Report 15
Time : 10.00 A.M. Balance Sheet 18

Profit & Loss Account 19
Venue : Sylvan Chef, Central School Road, Cash Flow Statement 20
Behind Spinal Injury Hospital, Schedules forming part of the Accounts 21
Vasant Kunj, New Delhi - 110070 Balance Sheet Abstract 29
Brahmaputra Infraproject Limited
NOTICE
Notice is hereby given that the 17th Annual General Meeting of the members of Brahmaputra Infraproject Limited will be held
on Tuesday, the 29th day of September, 2009 at 10.00 A.M. at Sylvan Chef, Central School Road, Behind Spinal Injury
Hospital, Vasant Kunj, New Delhi - 110070 to transact the following business:
ORDINARY BUSINESS
1. To receive, consider and adopt the Audited Balance Sheet as on 31st March, 2009 and Profit & Loss Account of the
Company for the year ended on that date, together with the Reports of Directors and Auditors thereon.
2. To declare dividend on equity shares at the rate of Re. 0.50 per share as recommended by the Board.
3. To appoint a Director in place of Mr. Suresh Kumar Prithani, who retires by rotation and being eligible, offers himself for
re-appointment.
4. To appoint a Director in place of Mr. Rajesh Sharma, who retires by rotation and being eligible, offers him-self for re-,
appointment.
5. To appoint M/s A.B. Bansal & Co., Chartered Accountants as Auditors to hold office till the conclusion of the next Annual
General Meeting and to fix their remuneration.
SPECIAL BUSINESS
6. To consider, and if thought fit, to pass, with or without modification(s),the following resolution as an Ordinary Resolution:
"Resolved that Mr. Gopaf Bachani, who was appointed as an Additional Director and further as Whole-time Director of
the Company and who holds office upto the date of this Annual General Meeting and in respect of whom the company
has received a notice in writing from a shareholder proposing him as a candidate for the Director under provisions of
Section 257 of the Companies Act, 1956 along with a deposit of Rs.500 and who is eligible for appointment be and is
hereby appointed as a Director of the company whose period of office shall be liable to determination by rotation."
"Resolved that Mr. Om Kumar who was appointed as an Additional Director of the Company and who holds office upto
the date of this Annual General Meeting and in respect of whom the company has received a notice in writing from a
shareholder proposing him as a candidate for the Director under provisions of Section 257 of the Companies Act, 1956
along with a deposit of Rs.500 and who is eligible for appointment be and is hereby appointed as a Director of the
company whose period of office shall be liable to determination by rotation.."
"Resolved that Mr. Satish Chander Gupta who was appointed as an Additional Director of the Company and who holds
office upto the date of this Annual General Meeting and in respect of whom the company has received a notice in writing
from a shareholder proposing him as a candidate for the Director under provisions of Section 257 of the Companies Act,
1956 along with a deposit of Rs. 500 and who is eligible for appointment be and is hereby appointed as a Director of the
company whose period of office shall be liable to determination by rotation."
By order of the Board of Directors

Sd/-
Date : 31.08.2009 Nidhi Lochan
Place : New Delhi Company Secretary
NOTES: - _
1. A MEMBER ENTITLED TO ATTEND AND VOTE, IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD
OF HIMSELF/HERSELF AND SUCH 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 TIME FIXED
FOR THE MEETING.
2. An Explanatory Statement pursuant to Section 173 of the Companies Act, 1956, relating to the.Special Businesses to be
transacted at the Meeting is annexed hereto.
3. Trie Register of the Members and Share Transfer Books of the Company shall remain close from 25th September, 2009
to 29th September, 2009 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend.
4. The members seeking any information with regard to the Accounts are requested to write to the Company atleast one
week before the meeting so as to enable the management to keep the information ready.
17TH ANNUAL REPORT

D
, • • . " - Brahmaputra Infraproject Limited
5. Members are requested to notify immediately any change in their address (with PINCODE), if any, quoting their registered
folio numbers. In case of demat shareholders the change of address, if any, may be notified to their respective Depository
Participants.
6. Members holding shares in physical form who have not yet provided the Bank details are once again' requested to provide
their Bank Account Number, name of Bank and address of the Branch, quoting their folio number, so that the same can
be printed on dividend warrant, to avoid the incidence of fraudulent encashment of the instrument. In respect of the
members holding shares in electronic mode, bank details as are furnished by the depositories will be printed oh the
dividend warrant.
7. Members are requested to quote their folio number, DP ID/Client ID and the Company's name in all correspondence with
M/s Link Intime India Private Limited, who are acting as our- Registrar and Share Transfer Agent.
8. Corporate members intending to send their representatives are requested to send a duly certified copy of Board Resolution
authorising their representatives to attend and vote at the Annual General Meeting.
9. Pursuant to the provisions of Article of Association, Mr. Suresh Kumar Prithani and Mr. Rajesh Sharma, Directors of the
Company are retiring by rotation at the ensuing Annual General Meeting of the Company and shall be re-appointed. Mr.
Gopal Bachani, Mr. Om Kumar and Mr. Satish Chander Gupta who were appointed as Additional Directors will hold the
office upto ensuing Annual General Meeting.' However, they will be re-appointed as Directors liable to retire by rotation in
said Annual General Meeting. The brief resume of such Directors and other information as per Clause 49 of the Listing
Agreement with the Stock Exchanges are given in the Report of Corporate Governance. -
10. The Company's shares are compulsorily traded in"demat form, hence the members who are holding equity shares in
physical form are requested t o get them dematerialized. ' . ' . " • ¬
11. Pursuant to section_205A of the Companies Act, 1956 any money transferred to unpaid dividend, which remains unpaid
or unclaimed for a period of seven years from the date of such transfer, shall be transfer to the Investor Education and
Protection Fund established under section 205C of the Companies Act, 1956.
During last three years, the Company has not declared any dividend. Hence, there is no unpaid / unclaimed dividend
amount to be-transferred to the Investor Education-and Protection Fund: • ' '
EXPLANATORY STATEMENT PURSUANT TO SECTION 173 (2) OF THE COMPANIES ACT 1956
ITEM NO. 6
Mr. Gopal Bachani who has been appointed on the Board as'an Additional Director w.e.f.13th November, 2008 and further
appointed as a Whole-time director w.e.f. 1st December, 2008 by the Board pursuant to Section 260 of the Companies Act,
1956 vacates office at this Annual General Meeting. Notice and a deposit as required under Section 257 of the Companies Act,
1956 has been received from a shareholder proposing his candidature as a Director of the Company.
Your Directors recommend the resolution for your approval.
None of the Director except Mr. Gopal Bachani is any way concerned or interested in the resolution.
ITEM NO. 7
Mr. Om Kumar who has been appointed on the Board as an Additional Director w.e.f. 13th November, 2008 by the Board
pursuant to Section 260 of the Companies Act, 1956 vacates office at this Annual General Meeting. Notice and a deposit as
required under Section 257 of the Companies Act, 1956 has been received from a shareholder proposing his candidature as a
Director of the Company.
Your Directors recommend the resolution for your approval
None of the Director except Mr. Om Kumar is any way concerned or interested in the resolution.
ITEM NO. 8
Mr. Satish Chander Gupta who has been appointed on the Board as an Additional Director w.e.f .24th February, 2009 by the
Board pursuant to Section 260 of the Companies Act, 1956 vacates office at this Annual General Meeting. Notice and a deposit
as required under Section 257 of the Companies Act, 1956 has been received from a shareholder proposing his candidature as
a Director of the Company.. . ' ' -
Your Directors recommend the resolution for your approval.
None of the Director except Mr. Satish Chander Gupta is any way concerned or interested in the resolution.
By order of the Board of Directors .
Sd-
Date : 31.08.2009 ' ••" Nidhi Lochan
Place: New Delhi Company Secretary
17TH ANNUAL REPORT,

D
4
DIRECTORS' REPORT
Dear Members,
Your Directors have the pleasure in presenting the 17th Annual Report together with the Audited Accounts of the Company for
the financial year ended 31st March, 2009.
Financial Results (Rs. in Lacs)
Year ended Yearended

Particulars
31.03.2009 31.03.2008
Income from Operation 3062.02 2670.87

Other Income 39.61 0.44
Profit before Tax 318.19 0.71
Less: Provision for Taxation & Deferred Tax 110.80 0.55
Profit after Tax 207.38 0.16
Less: Provision for Taxation written off 0.49 1.68
Add: Balance from previous year 45.83 43.98
Profit available for Appropriation 253.70 45.83
Less: Proposed Dividend 35.05 0.00
Less: Tax on Proposed Dividend 4.96 0.00
Less: Transferred to General Reserve 100.00 0.00
Profit carried to Balance Sheet 113.69 45.82
Performance
During the year under review, the total income of the Company amounted to Rs. 3101.63 lacs as against Rs. 2671.31 lacs
during the previous year. However, the Company has earned Profit of Rs. 318.19 lacs before tax during the year as against Rs.
0.71 lacs during the previous year.
Dividend
The Board of Directors has recommended a dividend of Re. 0.50 per equity share for the year ended 31 st March, 2009. The
proposed dividend, if approved by the members, will be paid to the shareholders and the same will be tax free in the hands of
the shareholders.
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 Annual Report.
Directors ' " ' *

Mr. Govind Lai Gadiya, Mr. Pramod Kumar Chapparwal, Mr. Ramphal Bansal, Mr. Ashok Kumar Gadiya and Mr. Ashok Kumar
Singhal have resigned during the year due to the change in management of the Company on 13th November, 2008 where as
Mr. Om Prakash Kejriwal has resigned as Director of the Company on 24th February, 2009 for personal reasons.
In accordance with the articles of the Company and the provisions of the Companies Act, 1956, Mr. Suresh Kumar Prithani and
Mr. Rajesh Sharma will retire by rotation at the ensuing Annual General Meeting and being eligible offers themselves for re-
appointment on the Board of your Company.
During the year Mr. Om Kumar and Mr. Satish Chander Gupta were appointed as additional directors of the Company till the
conclusion of this Annual General Meeting. However, both being eligible, offer themselves for reappointment as directors of
your company.
17TH ANNUAL REPORT.

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 2009, 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, 2009 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, 2009 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 thereunder, during the year.
Auditors
M/s Ramesh Somani & Co., Statutory Auditors of the Company has resigned on 18th February, 2009 and M/s A B Bansal & Co.
being appointed as the statutory auditor of the Company in the Extraordinary General Meeting held on 23rd March, 2009 and
as their term is getting expired at the conclusion of the ensuing Annual General Meeting, being eligible they have offered
themselves for re-appointment and confirmed that if re-appointed, their appointment will be within the statutory limits.
Auditors' Report
The notes to the accounts referred to in the Auditors' Report are self-explanatory and do-not call for any further comment.
Personnel & Human Resources

Employee relations continued to be cordial throughout the year. The company did nothave 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
The Directors place on record their appreciation for the excellent services of the employees at* all levels. The Company aiso
expresses thanks to its shareholders, bankers, central and state governments and district level authorities, sub contractors and
clients of the company whose continued support has been a source of the strength and inspiration to the company.
On behalf of the Board

Sd/-
Date : 31.08.2009 Suresh Kumar Prithani
Place : New Delhi Chairman
^ 17TH ANNUAL REPORT.

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• Brahmaputra Infraproject Limited
M A N A G E M E N T DISCUSSION AND ANALYSIS REPORT
Over all review

The Company is being converted into an Infrastructure Company from a Non Banking Financial Company and has significantly
marked its presence in the infrastructure sector as a whole and more specifically in the segments of core competency in the
Construction of Roads, Urban Infrastructure and other Heavy Civil Construction. There is an ample growth potential and the
Company is committed to strengthen its presence. Though there is stiff competition, the Company will persists in its endeavor
to increase its overall presence in the industry with increased market share.
The Company has in-house expertise and capability in construction and project management, development consultancy, which
enables it to meet the project timeliness and commitments and ensuring that the highest level of technical and service standards
are met. The company is making efforts to delivering quality product with excellent standards and the results are expected to
be visible in the ensuing financial year. Continuous efforts are being made to strengthen the team.
Opportunities
The Economic Survey 2007-08 pointed out that manufacturing, construction and communication were the leading sectors in
the acceleration of growth during the Tenth Five year Plan, judged by their increased contribution to growth. The contribution
of the construction sector increased to 10.80 percent during the Tenth five year plan from 7.5 percent during the Ninth five year
plan. Indian construction market is slowly but surely moving towards high end. The continuing demand and supply gap of
residential, hotels and office spaces present a great opportunity for the Company to increase its market share more specifically.
The Government's initiative against the unorganized sector to bring them into mainstream is expected to yield desired result in
the near future and then organized industries will be on a level playing field.
Risks and concerns

The risk management guidelines are in place across the.functions of the organization and the risk assessments and minimization
procedures are informed to the Board at regular intervals. These are reviewed regularly- by the Executive Management for
control of the risk through defined guidelines. The Board is responsible for providing oversight and reviewing the risk and the
Audit committee is entrusted with the responsibility of risk management process, which in turn is assisted by Functional heads
of the Company who have the primary responsibility of identification, mitigation and monitoring the risk.
Some of the key risks affecting the Company are explained below:
— The instability in the'fuel prices due to continuous increase in energy prices in the international market has significantly
put pressure on margins.
— To retain skilled professionals is also a cause for concern. However, best HR practices are in place to retain the talent
and reduce the attrition.
— Due to high inflation and tightening of credit by RBI, finance costs may be adversely affected in the coming year.
Outlook
With the continued buoyancy and Government's thrust towards infrastructure, the Company is gearing itself to capitalize the
opportunity with its high end product portfolio by strengthening its pan India distribution.
Internal control systems and their adequacy

The Company has adequate internal control systems commensurate with the size of the Company and framed to ensure
effectiveness and high efficiency of operations and sufficiently safeguard all its assets adequately protected against losses
from un-authorized use or disposition and all transactions are duly authorized and recorded. The insurance coverage of such
assets is adequate. The internal control provides necessary financial controls and compliance with applicable laws and
regulations. The Company has further strengthened the internal audit set up by its own team by appointing an outside agency.
Audit committee of Directors has been in existence for the overall monitoring. The Company has extended the ERP. The
Company has started preparing a comprehensive SOP manual across all functions of the organization which are in line with the
best global practices along with authority matrix for each control and each function.
Financial performance and results

The financial statements have been prepared in compliance with the requirements of the Companies Act and the Accounting
Standards issued by the Institute of Chartered Accountants of India.
< 17TH ANNUAL REPORT 6

1. Turnover: The Company's gross turnover increased by 12.77% during the year as compared to the previous year.
2. Finance charges: Finance charges for the year amounted to Rs.75.50 lacs as against the previous year of Rs. 0.10 lacs.
This is due to increased working capital limit and short / long term / loans.
3. Depreciation: The current year depreciation amounted to Rs. 18.61 lacs as against Rs. 1.32 lacs of previous year.
4. Profit:
a) Profit before Depreciation and Taxation amounted to Rs. 336.80 Lacs as against the previous year of Rs. 2.04 lacs.
b) Provision for taxation & deferred tax for the year amounting to Rs. 110.80 Lacs as against the previous year ot Rs.
0.56 lacs.
c) Profit after tax for the year amounted to Rs. 207.38 lacs as against the previous year of Rs. 0.15 lacs.
5. Fixed Assets: During the year the Company added Rs. 622.02 lacs in fixed assets.
6. Inventories: Inventories amounted to Rs. 832.25 lacs as against Rs. 7.01 lacs of previous year.
7. Sundry Debtors: Customers receivable amounted to Rs. 344.30 lacs as against Rs. 3.41 lacs of previous year.
8. Loans and Advances: Loans and advances of Rs. 3,200 lacs representing advances paid forraw materials, stores and
spares, advance taxes,-un-utilized Cenvat / Service Tax credit, sundry deposits etc.
9. Current liabilities and Provisions: The amount of Rs. 973 lacs include Creditors for suppliers of raw materials, stores
and spares, provisions for expenses and taxes, dividend and tax payable thereon, liabilities for gratuity and leave
encashment. The Company remained prompt, as usual, in repayment of principal and interest and during the year.
Human resource/Industrial relations , . .

Industrial relations have continued to be cordial throughout the year. Measures for safety of employee, scientific training,
welfare, performance based appraisal system, compensation, career growth and social security schemes continued to remain
key priority of the Company. As of 31st March 2009,-116 persons were employed in the Company.
%
Cautionary statement "
The Management Discussion and Analysis Report may contain some statements that might be considered forward looking.
These statements are subject to certain risks and uncertainties. Actual results may differ materially from those expressed in the
statement as important factors could influence Company's operations such as Government policies, economic development,
political factors and such other factors beyond the control of the Company.
REPORT OF T H E DIRECTORS ON CORPORATE G O V E R N A N C E

(Pursuant to clause 49 of the Listing Agreement entered into with the Stock Exchange)
COMPANY'S PHILOSOPHY ON CORPORATE GOVERNANCE

The Company is committed to benchmarking itself with the best in all areas including Corporate Governance. The Company's
philosophy of Corporate Governance is aimed at strengthening the confidence among shareholders, clients, employees and
ensuring a long term relationship of trust by maintaining transparency,and disclosures. The Company believes in maintaining
highest standards of quality and ethical conduct, in all the activities of the Company. v ..
BOARD OF DIRECTORS -
a) Composition & Size of Board:
As on date, the Board consist of 5 directors out of which 3 directors (60%) are Independent Directors and 2 Directors
(40%) are Non-independent Directors. The detailed composition of the Board and other related information is given in the
table below: - - -
Director Category of Number of - Number of Committee

Directorship Directorship position held in other
in other companies Companies
Member Chairman
Mr. Suresh Kumar Prithani Executive " 7 - -
(Chairman cum Managing Director)
Mr. Gopal Bachani Executive . ..'•_*. - . -
(Whole-time Director)
Mr. Om Kumar Non-Executive, Independent 2 2 • , .. ' -
Mr. Satish Chander Gupta Non-Executive, Independent 8 2 : - 2

Mr. Rajesh Sharma Non-Executive, Independent - • -- - . - •
b) Board Meetings and Attendance:
During the year, Fourteen board meetings were held on 18th April, 2008, 12th May, 2008, 30th June, 2008, 9th July,
2008, 31st July, 2008, 19th August, 2008, 25th August, 2008, 1st September, 2008, 1-1 th October, 2008, 27th October,
2008, 13th November, 2008, 1 st December,, 2008,31 st January 2009 and 24th February, 2009.
The attendance at the Board Meetings and Annual General Meeting were as under:
Name of Director Date of No.* of Board Meetings Attendance at

Appointment Held Attendend the last AGM
Mr. Suresh Kumar Prithani - -18.04.2008 14 : , • -. 13 Yes
Mr. Gopal Bachani 13.11.2008 4 4 ' No
Mr. Om Kumar . .13.11.2008... .4 . . 3 . No .
Mr. S. C: Gupta 24.02.2009 : . . - 1 • •1 •• No •
Mr. Rajesh Sharma 18.04.2008 ; 14 '•" 14 ' Yes
c) Code of Conduct -
The Board has adopted a Code of Conduct for the Board Members and Senior Management of the Company. The same
. has also been posted on the website of the Company. All Board Members and Senior Management personnel have
affirmed their compliance with the code. A declaration signed by-the Chairman & Managing Director is given below:
"I hereby confirm that the Company has obtained from all the members of .the Board and Senior Management,
affirmation that they have complied with the Code of Conduct.for Directors and Senior Management in respect of the
financial year endeo<bn 31st March, 2009." - - - . . .
On behalf of the Board
" S d / -
Date : 31.08.2009 "." - " , Suresh Kumar Prithani
Place: New Delhi . . . . Chairman
17TH ANNUAL R E P O R T
D
COMMITTEES OF THE BOARD

The Board of Directors have constituted the following committees with adequate delegation of powers to discharge day-to-day
affairs of the Company as well as to meet theexigencies of the business of the Company. '•• •
a) Audit Committee "
The Audit Committee comprises of three Directors. As on.31st March, 2009, the members consist of Mr. Om Kumar,
Mr. Satish Chander Gupta and Mr. Rajesh Sharma with Mr, Om Kumar, a Non-executive Independent Director as Chairman.
• The terms of reference of the Audit Committee are in line with the powers, duties and responsibilities 'stipulated.in.Clause
49 of the Listing Agreement. "-'• • -
The functions of Audit Committee are as per Company Law and Listing Agreement with Stock Exchanges: These include,
overseeing of Company's financial reporting process, recommending the appointment and removal of external auditors,,
reviewing the annual financial statements, financial management policy, adequacy of internal control system and internal
.audit functions. . •
The committee met Five times during the year on 30th June, 2008, 31st July, 2008, 11th October, 2008, 31st January,
2009 and 24th February, 2009 and the attendance of members was as follows:
Name of the Members Current Date of Date of No. of No. of

Status Appointment Resignation meetings meetings
held attended
Mr. Om Kumar — Chairman 13.11.2008 NA - 2 2' -
Mr. O. P. Kejriwal • - 13.11.2008 24.02.2009 . , 2 1
Mr. S:C. Gupta Member 24.02.2009 NA 1 •1
Mr. Rajesh Sharma Member 18.04.2008 NA 5 5
Mr. A. K. Gadiya* -
:
04.05.1992 •.. 12.02.2009 4 • • 4-
Mr. Ramphal Bansal* - 20.04.1995 • 13.11.2008 4 . 4
Mr. Pramod Kumar Chapparwal* - 24.10.1994 13.11.2008 4 4.
* They were the members of the Audit Committee in the tenure of their directorship where.Mr, A.K.- Gadiya was the
. Chairman. .
The Secretary of the Company acts as the Secretary oUhe Audit Committee. . . •.
The minutes of the meetings of Audit Committee werediscussed and-taken note of, by the Board of Directors.
b) Remuneration Committee
-, The.Remuneration Committee comprises of.three Directors..As on 31st March,'2009, the members consist of Mr. Om
Kumar, Mr. Satish Chander Gupta and Mr. Rajesh Sharma with Mr. Satish Chander Gupta, a Non-executive Independent
Director as Chairman. '. _
The Remuneration Committee formulates and recommends to the Board from time to time a compensation structure for
executive directors of the Company. As per the terms of reference, the Remuneration Committee vide a resolution dated
• 1 st December, 2008 recommended the remuneration of Rs. 1,20,000/- per annum to the Chairman cum Managing Director,
. . Mr. Suresh Kumar Prithani and Rs. 6,00,000/- per.annum to the Whole time Director, Mr. Gopal Bachani as basic salary
together with other perquisites, allowances and benefits payable with effect from 1 st December, 2008 and the same has
been approved by the Board of Directors. The terms of reference of the Remuneration Committee are in line with the •
powersr duties and responsibilities-stipulated in Clause 49 of the Listing Agreement. '- • '
As present, the Company does not have any policy for payment of remuneration to non-executive independent directors
except by way of sitting fee at the rate of Rs. 10,000/- for each meeting of Board of Directors and Rs. 5,000/- for each
committee meeting thereof attended by any such Director. -, . - •
The Secretary of the Company acts as the Secretary of the Remuneration Committee. -
The committee.met once during the year on 1 st December of 2008 and the attendance of members wasas follows:
Name of the Members Current Date of Date of No. of No. of

- Status Appointment Resignation meetings held meetings attended
Mr. S.C. Gupta Chairman 24.02.2009 NA 1 1
Mr. Om Kumar ' Member .13.11.2008 NA 1 0
Mr. O.P. Kejriwal* ' - 13.11.2008 24.02.2009 1 • -' i
-* He was the Chairman of the Committee in the tenure of his directorship.
• •' ; -" Brahmaputra Infraproject Limited
. The minutes of the meetings of Remuneration Committee were discussed and taken note of, by the Board of Directors.
c) Shareholders'Grievance Committee
The committee was formed to review and redress the investors' grievances / letters regarding various matters. As on 31 st
March, 2009, it constitutes three members i.e. Mr. Gopal Bachani, Mr. Satish Chander Gupta and Mr. Rajesh Sharma
with Mr. Satish Chander Gupta, a Non-executive Director as the Chairman of the committee.
Ms. Nidhi Lochan, Company Secretary has been designated as Compliance Officerof the.Company.
The.committee met four times during the year on 30th April, 2008; 30th August, 2008, 30th November, 2008 and 26th
February, 2009 where the attendance of members was as follows: • ' * ;.
Name of the Members Current. Date of . Dateof s No. of No. of
Status Appointment Resignation meetings held meetings attended
Mr. S. C. Gupta Chairman • 24.02:2009 NA - 1 1
Mr. Gopal Bachani Member 13.11.2008 NA" ' . 2 , ! . . ' 2
Mr. O.P. Kejriwal* ,- . 13.11.2008 - . 24.02.2009 • ". 1 ' 1.

Mr. A: K. Gadiya* • - 04.05.1992 - 13.11.2008 - 2 2
Mr. A. K. Singhal* - 04.05.1992 '13:11.2008 2 2
Mr. Govind Lai Gadiya* - 12.09.1.994, 13.11.2008 . 2 2 .
* They were the members of the Committee during the tenure of their directorship where Mr. A.K. Gadiya was the first
Chairman & after his resignation from the-membership from the committee, Mr. O.P. Kejriwal become the Chairman.
The minutes of the meetings of the Shareholders' Grievance Committee were discussed and taken note of by the Board
of Directors.
The functions of the committee include effective redressal of the complaints^of the shareholders such as dematerialisation,
transfer, non-receipt of balance sheet etc. The committee recommends steps to be taken for further improvement in the
quality of service to the investors. *
During the year, the company has not received any complaint hence there-is no compliant pending as on" 31st March,
2009:
No share transfer/transmission and demat request was pending as on 31st March, 2009! •
GENERAL BODY MEETINGS

The location and time of the Annual General Meetings held during the last three'years were as follows:
Financial Year AGM Date " • Location of Meetings Time

2005-2006 AGM . • 30.09.2006 4117,1st Floor, Naya Bazar, Delhi-110006 . . • 10.30 A.M.
2006-2007 • AGM • 28.09.2007 4117, 1st Floor, Naya Bazar, Delhi-110006 11.30 A.M.
2007-2008 AGM 29.09.2008 4117, 1st Floor, Naya Bazar, Delhi-110006 09.30 AM
During the year-ended"31st March 2009, two special;resolutions were passed through Postal Ballotjor.the change'of name
and object clause of the Company. No resolution has been included in the agenda "of the ensuing AGM which requires approval
through Postal Ballot. '
DISCLOSURES
(a) There are no materially significant related party trarisactibris entered into by the company with its promoters, Directors or
Management, their subsidiaries or relatives etc. that may have'-potehtialconflict.with the interests of the Company at
large. A statement in summary from of transactions with the related parties during the year in the ordinary course of
business is disclosed in Note B-5 of Schedule-17 to the financial statement in the Annual Report.
(b) The Company has generally complied with all the mandatory.requiremehts as stipulated under revised clause 49 of the
Listing Agreement with the Stock Exchanges, to the extent these apply and extend to the Company:
(c) While preparation of the financial statement during the year under review, no accounting treatment which was different
from that prescribed in the Accounting Standards was followed. The significant accounting policies applied in preparation
and presentation of financial statements has been sent out in Schedule-14 forming part of the financial statements:
{ J 7 T H ANNUAL R E P O R T
(d) The Company has laid down procedures to inform the Board Members about the risk assessment and minimization
procedures covering the entire gamut of business operations of the company. These procedures are periodically reviewed
to ensure that executive management controls risks by means of a properly defined.framework.
(e) The designated Senior Management Personnel of the Company have disclosed tothe Board that no material, financial
and commercial transactions have been made during the year under review in which they have personal interests, which
may have a potential conflict with the interests of the Company at large.
(g) In accordance with the Securities and Exchange Board of India (Prohibition-of Insider Trading) Regulations, 1992, as
amended, Ms. Nidhi Lochan, Company Secretary has been designated as the Compliance Officer of the company under
the Company's Code of Conduct for Prevention of Insider Trading. The Company adheres to the disclosure practices for
- Prevention of Insider Trading as specified in the aforesaid SEBI Regulations.
(h) The Company has presently not adopted the non-mandatory requirements in regard to maintenance of Non-Executive
Chairman's office, tenure of independent directors, sending half- yearly declaration of financial, performance to each
household of shareholders, training of Board Members, Mechanism for evaluating non-executive Board Members and
establishment of Whistle Blower policy etc. The Company has, however, constituted a Remuneration Committee; which
has been dealt elaborately in this Report.
MEANS OF COMMUNICATION
During the year the quarterly / half-yearly / audited financial results of the Company were sent to the Stock Exchanges immediately
after they are approved by the Board of Directors, and were also published in one English and one Vernacular language
newspaper i.e. Financial Express and Jansatta, respectively. " . '
m
A. 1 7 Annual General Meeting
Date- - 29th September, 2009
Time '0.00 A.M.
Venue : Sylvan Chef, Central School Road,
Behind Spinal Injury Hospital, Vasant Kunj, New Delhi - 110070
B. Dividend
The Board of Directors has recommended a dividend of Re. 0.50 per equity share and the same will be paid to the
shareholders within 30 days of Annual General Meeting, if declared. ' .
C. Profile of Directors being re-appointed:
Particulars Mr. Suresh K. Prithani • Mr. Rajesh Sharma
Age 47 years 36 years
Date of Appointment 18.04.2008 18.04.2008-
Qualification He graduated in Commerce. He graduated in Commerce from
Delhi University as well as a Fellow
member of ICSI.
Expertise in specific He is successful entrepreneur and He is having a wide experience in
functional areas symbol of hard work, integrity, discipline Corporate Laws, Taxation, and
and.self-reliance,. Mr. Prithani started the •Accounts etc.
construction business in a modest way in
the late "80s.
Chairman / Director of other 1. Brahmaputra Infrastructure Limited Nil
Indian Companies as on 2. Brahmaputra Projects Limited
31st March, 2009 3. Brahmaputra Promoters and
Planners (P) Limited
4. Brahmaputra Enterprises (R) Limited -
,5. Brahmaputra Holdings (P) Limited
6. Satluj Infrastructure Limited
7. Brahmaputra Property & Management
Services (P) Limited
Chairman / Member of Ni! •• . Nil
Committees of the Boards of
Indian Companies of which
he is a Director as on
31st March, 2009
- { J 7 T H ANNUAL REPORT ~TT)-

- _ • • Brahmaputra Infraproject Limited
d) Financial Calendar
Unaudited results for the quarter ending June 30, 2009_ Last week of July 2009 ' '
Unaudited results for the quarter ending September 30, 2009 Last week of October 2009
Unaudited results for the quarter ending December 3,1, 2009 Last week of January 2010
Audited results for the year ending March 3 1 , 2010 . June 2010
Date of Book Closure 25 September,.2009 to 29th September, 2009
(both days inclusive)
e) Listing on Stock Exchanges and Stock Codes
1. The Bombay Stock Exchange Limited - 531194
2, The Delhi Stock Exchange Association Limited - 8065
f) Annual Listing Fee
The Annual Listing Fee paid to the Stock Exchanges for the financial year 2009-10.
g) I S I N f o r N S D L & CDSL : INE968C01016
h) Market Price Data

High / Low of market price of the Company's equity shares traded on BSE during the last financial year were as follows:
(Amount in Rs.)
Month Bombay Stock Exchange
High Low
April 2008 13.81 9.00
May 2008 16.61 11.70
June 2008 17.40 10.15
July 2008 19.30 8.10
August 2008 20.25 46.00
September 2008 45.80 29.20
October 2008 36.75 25.35
November 2008 29.40 25.70
December 2008 31.90 15.40
January 2009 17.85 12.00
February 2009 13.17 11.55
March 2009 33.00 12.81
i) Registrar and Transfer Agent & Share Transfer System

The Company's Share Transfer Agent is M/s Link Intime India Private Limited. Their address is as under:
M/s Link Intime India Private Limited
A-40, llnd Floor, Naraina Industrial Area,
Phase-ll, Near Batra Banquet Hall,
New Delhi-110028 -
Tel: 011- 41410592,41410593, 41410594
Fax:011- 41410591 .
Email: delhi@linkintime.co.in
The Company's shares are traded in the Stock Exchanges in demat mode. These transfers are affected through NSDL
and CDSL. Transfer of shares in physical form is processed and approved in the Board meetings from time to time and
the certificates are returned to the shareholders within 15 days from the date of receipt, subject to documents being valid
and complete in all respects. - '
^ 1 7 T H ANNUAL R E P O R T ^
' Brahmaputra Infraproject Limited
j) Distribution of shareholding
The distribution of shareholding as on 31 st March 2009 was as follows:-
No. of equity shares held No. of Percentage of Total No. of Percentage of
shareholders shareholders (%) shares held shares held (%)
1 - 2500 „ 536 38.70 , .644690 .. 0.92
2,501-5,000 454 32.78 1808950 2.58
5,001-10,000 180 13.00 1503370 : 2.15
10,001-20,000 76 5.48 1145440 1.63
20,001-30,000 36 2.60 900950 1.28
30,001-40,000 32 2.31 1144010 1.63
40,001-50,000 12 0.87 561780 0.80
50,001-100,000 " 32 2.32 2277410 "• 3.25
100,001 and above 27 1.94 60105400 - 85.76
Total 1385 100 70092000 100
k) Shareholding Pattern
The shareholding pattern as on 31st March 2009 was as follows:;
Category No. of shares Percentage of shares
Promoters 5050300 72.05
Person acting in concert — .— -
Non-promoters
(Institutions/ Banks/Mutual Funds/State Govts.)
Foreign Holding ( N R I s / O C B s ) . . . — . . . ' —
Private Corporate Bodies 257026 3.67
Indian Public ' 1701874 24.28 '
Total 7009200 100
I) Dematerialisation of shares and liquidity

The equity shares of your Company have been compulsorily traded in dematerialised form and the Company has
agreements with both the depositories i.e., National Securities Depository Limited and Central Depository Services (India)
Limited. As on 31st March, 2009 over 2,059,875 shares constituting 29.39% of the total paid up capital of the.companies
are dematerialized. The reconciliation of both physical and demat shares are upto date and tallies with the total paid-up
capital of the Company.
m) Outstanding G D R s / A D R s / Warrants etc.

There are no Global Depository Receipts "(GDRs) / American Depository Receipt (ADRs) or any convertible instrument
pending for conversion. ' '
n) Address for correspondence

Brahmaputra House,
A-7, Mahipalpur (NH-8 Crossing), -
New Delhi-110 037 . ' .
Telephone No. : 011-42290200
Fax No. : 011-46168880, 26787068 ^ .,
E-mail: secretarial.bipl@brahmaputragroup.com
{ / 1 7 T H ANNUAL REPORT
' '- - - - Brahmaputra Infraproject Limited
AUDITORS' CERTIFICATE ON CORPORATE G O V E R N A N C E
To the Members of Brahmaputra Infraproject Limited
We have examined the Compliance with conditions of Corporate Governance by Brahmaputra Infraproject Limited-("the
Company") for the year ended March 3 1 , 2009, as stipulated in Clause 49 of the Listing Agreement of the said Company with
the Stock Exchanges concerned in India. • • - . '
The compliance.with conditions of Corporate Governance is the responsibility of the Company's Management. Our examination
was limited to procedures arid implementation thereof, adopted by the Company for ensuring compliance with the conditions of
Corporate Governance as stipulated in the said Clause. It is neither an audit nor an expression of opinion on the financial
statements of the Company. . . •• •: .. - -- • "
In our opinion and to the best of our information.and according to the explanations, given to us and the representations made
by the Directors and Management, we certify that the Company has complied with all the conditions of Corporate Governance
as stipulated in Clause 49 of the above mentioned Listing Agreement. -
We state that in respect of the investor Grievances, the Registrar and Share Transfer Agent of the Company has maintained
the relevant records and certified that as on 31st March, 2009 there was no investor grievance pending against the Company.
We further state that such compliance is neither an assurance as to the future viability of the Company nor of the efficiency or
effectiveness with which the Management has conducted the affairs of the Company.
For A.BBansal & Company

Sd/-
A.B. Bansal
Place : New Delhi Partner
Dated : 31.08.2009 M.No. 84628
17TH ANNUAL REPORT,

AUDITORS' REPORT
The Members, . .
Brahmaputra Infraproject Limited .
(Formerly known as Mewar Industries Ltd.)
Delhi -'
We have audited the attached Balance Sheet of BRAHMAPUTRA INFRAPROJECT LIMITED as at 31st March 2009 andalso
the Profit and Loss Account and Cash Flow Statement for the year ended on the date annexed thereto. These financial
statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial
statement based on our audit. - • • "
We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining on test basis evidence supporting the amounts and disclosures in the financial
statement. An audit also includes assessing the accounting principles used and significant estimates made by the management
as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinion. .
As required by-the companies (Auditor's Report) Order, 2003 issued by the Central Government of India in terms of Section
227(4A) of the Companies Act, 1956 and on the basis of such checks as we considered appropriate we enclose in the Annexure
a statement on the matters specified in paragraphs 4 and 5 of the said order.
Further to our comments in the Annexure referred to in paragraph 3 above, we report that:
a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for
the purpose of our audit;
b) In our opinion, proper books of account, as required by law, have been kept by the Company, so far as appears from our
examination of those books;
c) The Financial Statements dealt with by this report are in agreement with the books of accounts;
d) In our opinion and to the best of our information and explanation given to us, the financial statements dealt with by this
report comply with the applicable Accounting Standards referred to in section 211 (3c) of the Companies Act,1956 to the
extent applicable;
e) On the basis of written representations received from the Directors and taken on record by the Board of Directors, we
report that none of the Directors are disqualified as on 31st March, 2009 from being appointed as a Director in terms of
clause (g) of sub- section (1) of section 274 of the Companies Act,1956;
f) In our opinion and to' the best of our information and according to the explanation given to us, the said accounts read
together with the Significant Accounting Policies and other Notes thereon give the information required by the Companies
Act, 1956 in the manner so required and present a true and fair view in conformity with the accounting principal generally
accepted in India in the case.of; the Balance Sheet, of the state of affairs of the company as at 31st March, 2009, the
Profit and Loss Account, of the profit of the company for the year ended on that date and;
(g) the cash flow statement, of the cash flows for the year ended on that date.
For A.B Bansal & Company

Sd/-
A.B. Bansal
Place : Delhi Partner
Dated : 23.06.2009 M.No. 84628
17TH ANNUAL REPORT

ANNEXURE TO THE AUDITORS'REPORT

(Referred to in Paragraph 3 of our Report of even date)
Based on the audit procedures performed for the purpose of reporting a true and fair view on the Financial Statements of the
Company and taking into consideration the information and explanation given to us and the books of account and other
records examined by us jn the normal course of audit, we report that; •, ; v
1. (a) The Company has maintained proper records of fixed assets showing full particulars including quantitative details
and situation of fixed assets. A significant portion of the fixed assets have been physically verified by the management,
during the year .which in our opinion is reasonable having regard to the size of the Company and nature of its
business. No material discrepancies were noticed on such physical verification.
(b) There was no substantial disposal of fixed assets during the year under audit.
2. As per information and explanations given to us, the inventories and construction materials at company's sites, which are
included under work in progress, have been physically verified, by the management at reasonable intervals during the
year. In our opinion and according to the information and explanations given to us, the procedure of physical verification
of inventories followed by the management is reasonable and adequate in relation to size of the Company and the nature
of its business. The company is maintaining proper records of inventory and no material discrepancies was noticed on
physical verification of stocks.
3. (a) According to the information & explanation given to us, the company has not granted unsecured loans to any parties
covered in the registered maintained u/s 301 of the companies act 1956.
(b) According to the information and explanation given to us the company has taken unsecured loans from two companies
covered in the register maintained u/s 301 of the companies act 1956. The maximum amount outstanding during the
year was Rs. 156.20 Lacs and year end balance was Nil. We are of the opinion that the rate of interest and other
terms and conditions of the loan taken by the Company are prima facie not prejudicial to the interest of the Company.
4. In our opinion and according to the information and explanations given to us, there is an adequate internal control system
commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets
and for the contract receipt and services.
5. In our opinion and according to the information and explanations given to us, the transactions made in pursuance of
contracts or arrangement entered in the register maintained under Section 301 of the Companies Act, 1956 and exceeding
the value of rupees five lacs in respect of any party during the year have been made at prices which are reasonable
having regard to prevailing market prices at the relevant time.
6. As per the information and explanations given to us,-the company has not accepted any deposits from the public.
7. In our opinion the internal audit system of the Company is commensurate with the size and the nature of its business.
8. As informed to us, the Central Govt has not prescribed cost records under section 209 (1) (d)of the Companies Act. 1956
9. (a) The company, is generally regular in depositing undisputed statutory dues including Provident fund, Investor Education
Protection fund, Employees' State Insurance, Income tax, Sales- tax, Wealth- Tax, Service Tax, Customs Duty,
Excise Duty, Cess and other statutory dues with the appropriate authorities.
(b) According to the information and explanation given to us no disputed amounts payable in respect of the aforesaid
dues were outstanding as on 31 st March, 2009 for a year of more than six months from the date it become payable.
10. The Company has no accumulated losses for the year ended 31st March 2009 and it has not incurred any cash losses
during the said period covered by our audit or in the immediately preceding financial year.
11. As per-books and records maintained by the Company and according to the information and explanation given to us, the
Company has not defaulted in repaymentof dues to financial institutions or Banks.
12. In our opinion and according to the information and explanation given to us, no Loans and Advances have been granted
by the Company on the basis of security by way of shares, debentures and other securities .
13. In our opinion, the Company is not a chit fund or a nidhi /mutual benefit fund / society. Therefore, Clause 4 (xiii) of the
Companies (Auditor's Report) Order 2003 is not applicable to the company.
14. Based on the records examined by us and according to the information and explanation given to us, we are of the opinion
that the Company has maintained proper records for the transactions and contracts of purchase and sale of shares,
securities and other investments and timely entries are made in such record. Further, the company is holding all the
* investments in its own name.
15. According to the information and explanations given to us, the Companyhas not given bank guarantees for and on behalf
of others.
16. The Company has raised term loans during the year and the same were applied for the purpose for which the loans were
obtained. • - . ' ' "
17. According to the information and explanation given to us and on an overall examination of the Balance Sheet of the
Company wereport that no funds raised on short term basis have been used for long term investment.
18. During the year covered under pur audit, Company has made preferential Allotment of shares to the parties and companies
covered in the Register maintained under section 301 of the Company's Act 1956 at the prices determined under Preferential
Allotment SEBI (DIP) Guidelines 2000.
19. The Company has not issued any debentures during the year. '
20. The Company has not raised any money by way of public issue during the year.
21. In our opinion and according to the information and explanations given to us by the management which have been relied
upon by us, no fraud on or by the Company has been noticed or reported during the year. . . . . .
For A.B Bansal & Company

Sd/-
A.B. Bansal
Place : Delhi Partner
Dated.. : 23,06.2009 ' M.No. 84628
BALANCE SHEET AS ON 31 ST MARCH, 2009
Schedule 31st March, 2009 31st March, 2008

Particulars
No. - Rupees Rupees
SOURCES OF FUNDS
Shareholders' Funds
Share Capital 70,092,000 30,092,000
Reserve & Surplus 24,609,377 4,582,669
Loans Funds
Secured Loan 404,675,457 43,719
Deferred tax Liability 5,390,428 69,428
TOTAL 504,767,262 ,34,787,816
APPLICATION OF FUNDS
Fixed Assets
Fixed Assets IV 63,758,181 1,555,380
Less:- Depreciation 1,942,957 889,457
NET BLOCK 61,815,224 665,923
Investments 22,596,638 3,050,000

Goodwill
Current Assets, Loans & Advances
Inventory VI 83,225,392 701,838
Sundry Debtors VII 34,430,924 341,438
Cash & Bank Balances VIII 80,200,879 1,235,469
Loans & Advances ,, IX 319,796,087 32,133,268
517,653,282 34,412,013
Less : Current Liabilities & Provisions 97,297,882 3,340,120
NET CURRENT ASSETS 420,355,400 31,071,893
TOTAL 504,767,262 34,787,816
Accounting Policies & Notes on accounts XVII
Schedule I to X and XVII form an integral part of the Balance sheet
In terms of our attached audit reports of even date For and on behalf of Board
Sd/- ,: -
For A.B. Bansal & Company Suresh Kumar Prithani.
Chartered Accountants Chairman Cum Managing Director
Sd/-
A.B. Bansal
Partner
: Sd/- Sd/- Sd/- -
Place: New Delhi Sandeep Rastogi Nidhi Lochan Gopal Bachani
Date : 23.06.2009 Manager (F & A) Company Secretary Director
1 7 T H ANNUAL REPORT,
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH, 2009
Schedule 31st March, 2009 31st March, 2008

Particulars
No. Rupees Rupees
INCOME
Income from Operations XI 306,202,189 267,087,126
Other Income . XII 3,961,035 44,022
TOTAL 310,163,224 267,131,148
EXPENDITURE
Operating Expenses XIII 254,345,130 265,781,081
Payment & Benefit to Employees XIV 9,779,851 824,945
Administrative Expenses XV 4,813,744 311,256
Interest & Finance Charges XVI 7,544,150 9,774
Depreciation IV 1,861,495 132,669
TOTAL 278,344,370 267,059,725
PROFIT BEFORE TAX 31,818,854 71,423

Provision for Taxation 5,630,000 55,639
. Provision for Deferred Tax 5,321,000
Provision for FBT 129,300
PROFIT AFTER TAX 20,738,554 15,784

Provision for Taxation written off (49,093) (168,379)
Balance brought forward from previous year 4,582,669 4,398,506
PROFIT AVAILABLE FOR APPROPRIATION 25,370,316 4,582,669

Less: Proposed Dividend 3,504,600
Less : Tax on Proposed Dividend 496,339
Less : Transferred to General Reserve 10,000,000
Profit Carried to Balance Sheet 11,369,377 4,582,669
Basic Earning per Share 3.79 ••. 0.005

Diluted Earning per Share 3.79 0.061
Accounting Policies & Notes on accounts XVII
Schedule XI to XVII and IV form an integral part of the Profit & Loss Account
Sd/-
For A.B. Bansai & Company Suresh Kumar Prithani
Chartered Accountants- Chairman Cum Managing Director
Sd/-
A.B. Bansai
Partner
Sd/- Sd/- Sd/-
Place: New Delhi Sandeep Rastogi Nidhi Lochan Gopal Bachani
Date : 23.06.2009 Manager (F & A). Company Secretary Director
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ST MARCH, 2009

(Rs. in Lacs)
Particulars Current Year Previous Year
A. CASH FLOW FROM OPERATING ACTIVITIES

1 Profit Before Tax 31,818,854 - 71,423
2 Adjustment for: •
Depreciation - 1,861,495 132,669
Interest paid 7,544,150 9,774
Loss / (Profit) on sale of Assets (Net) 119,535 (231,595)
B. Operating Profit before Working Capital changes (1+2) ' ' 41,344,034 (17,729)
C. Changes in Working Capital (Excluding Cash & Bank Balance)
(Increase) / Decrease in Trade and other Receivables (315,290,709) 4,032,168
(Increase) / Decrease in Inventories (82,523,554) 121,437
Increase / (Decrease) in Trade Payables 84,577,183 (18,358,676)
D. Cash Generated from Operations (B+C) (271,893,046) (14,222,800)

E. Less : Taxes paid 6,792,162 (181,411)
F. Net Cash from Operating Activities (D-E) (278,685,208) "(14,041,389)
G. Cash Flow from Investing Activities
Purchase of Fixed Assets - (63,672,531)
Sale / Adjustments of Assets 542,199 12,933,644
Capital WIP —
(Increase) / Decrease in Investments in Associates (19,994,800)
(Increase) / Decrease in Investments in Others 448,162 550,000
Net Cash used in Investing Activities (82,676,970) 13,483,644
H. Cash Flow From Financing Activities

Procees from Issue of Share Capital 43,240,000
Proceeds from / Repayment of Long Term borrowings' . 404,631,738 (65,970)

Proceeds from / Repayment of.Short Term borrowings —
Interest Paid (7,544,150) (9,774)
Dividend & Dividend Tax paid —
Net Cash used in Financing Activities 440,327,588 (75,744)
I . . . Net lncrease/(Decrease) in Cash and Cash Equivalents (F+G+H) 78,965,410 (633,489)

Cash and Cash Equivalents at the beginning of the year ; ; . 1,235,469 1,868,958
Cash and Cash Equivalents at the end of the year _ 80,200,879 1,235,469-
• Sd/-
, For A.B. Bansal & Company Suresh Kumar Prithani
Sd/-
A.B. Bansal
Partner
Sd/- Sd/- Sd/-
Place: New Delhi Sandeep Rastbgi Nidhi Lochan Gopal Bachani
Date : 23.06.2009 Manager (F& A) Company Secretary Director
{ J 7 T H ANNUAL REPORT
, - Brahmaputra Infraproject Limited
SCHEDULE FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH, 2009
31st March, 2009 31st March, 2008
Particulars Rupees
- Rupees
SCHEDULE - 1 : SHARE CAPITAL

AUTHORISED
80,00,000 Equity Share of Rs.10/- each 80,000,000 ' 65,000,000
(Previous Year 65,00,000 Equity Share of Rs.10/- each)
ISSUED, SUBSCRIBED AND PAID UP
70,09,200 Equity Shares of Rs.-10/- Each fully paid up 70,092,000 30,092,000
(Previous Year 30,09,200 Equity Shares of Rs. 10/- each fully paid up).'
TOTAL 70,092,000 30,092,000
SCHEDULE - I I : RESERVE & SURPLUS

Security Premium
Opening Balance
Add : Received during the year • 3,240,000
3,240,000
General Reserve
Opening Balance
Add : Transferred during the year ' 10,000,000
10,000,000
Profit & Loss A/c 11,369,377 4,582,669
TOTAL 4,582,669
24,609,377
SCHEDULE - III : SECURED LOAN
1. Corporate Loan
(secured by hypothecation of Stock & Book-Debts on pari-passu 150,000,000
basis and personal guarantee of the Promoter Directors)
2. Term Loans:
'.. — From Banks (Secured against hyp. of Equipment, Machinery.S 8,823,135 ,43,719
personal guarantee of Promoter Directors)
3. Mobilisation Advances 245,852,322
(Secured against Bank Guarantee)
404,675,457 43,719
SCHEDULE - IV : FIXED ASSETS
GROSS BLOCK DEPRECIATION NET BLOCK
Name of the Assets As on Addition Deduction/ Total as on Upto Adjustment/ For Total as on As on As on
01.04.2008 during the Adjustment 31.03.2009 31.03.2008 Deduction 2008-2009 31.03.2009 31.03.2009 31.03.2008
year
TANGIBLE:
Plant & Machinery . .. . . _ 34,087,115 — 34,087,115 — — 1,164.820 1,164,820 32,922,295 —
Shuttering /
Structural Steel — 26,180,558 — 26,180,558 — — 465,473 465,473 25,715,085 —
Furniture & Fixture — 259,067 — 259,067 — — 5,962 5,962 253,105 —
Office Equipment 117,263 123,137 117,263 123,137 80,106 84,294 6,765 2,577 120,560 37,157
Motor Vehicle 1,352,467 2,382,024 11352,467 2,382,024 723,702 723,702 194,913 194,913 2,187,111 •628,765
Computer & 85,650 452,-730 — 538,380 85,650 — 16,665 102,315 436,065 —
Accessories-Hardware
INTANGIBLE :
Computer & — 187,900 — 187,900 6,897 6,897 181,003 —
Accessories-Software
Grand Total 1,555,380 63,672,531 1,469,730 63,758,181 '889,458 807,996 1,861,495 1,942,957 61,815,224 .665,922
4,579,220- 3,023.840 , 756,788 " 132,669 889,457 3,822,432 665,923

Previous Year ' 1,555,380
- - -
. -— Brahmaputra Infraproject Limited

P a r t , c u l a r s
Rupees Rupees
SCHEDULE - V : SHARE CAPITAL ,

1. Long Term - Equity (Unquoted, at cost) - '
In Associates:
70,000 (70,000) Equity Shares of "
Mewar lnfoline.com Pvt. Ltd. of Rs. 10/-each 700,000 700,000
270,200 (Nil) Equity Shares of ' .
Brahmaputra Infrastructure Ltd. of-Rs. 10/- each 19,994,800
In Others:
20,000 (20,000) Equity Shares of
Care & Cure International Ltd. of Rs. 10/-each -200,000 200,000
100,000 (100,000) Equity Shares of
Playway Resorts Pvt. Ltd. of Rs. 10/-each 1,000,000, . . 1,000,000
Nil (15,000) Equity Shares of . ,
Nigania Polymers Pvt. Ltd. of Rs. 10/-each — 150,000
Nil (50,000) Equity Shares of"
Kanidhenu Foods Ltd. of Rs. 10/-each ' . — 500,000
Nil (50,000) Equity Shares •-
Ramratan Kashi Ram P. Ltd. of Rs. 10/- each — 500,000
2. Current Investme'nt - Equity (Quoted, at carrying cost)
200 (200) Equity Shares Aurobindo Pharma Ltd. of Rs. 5/-each 22,819 —
200 (200) Equity Shares of GTL Ltd. of Rs. 10/- each ' 26,940 - —
213 (213) Equity Shares of GTL Infrastructure Ltd. of Rs.-IO/-each - 2,130 . —
300 (300) Equity Shares of
' Himachal Futuristic Communications Ltd. of Rs. 10/- each • 5,685 —
100 (100) Equity Shares of NUT Ltd. of Rs. 21- each 9,800 - —
430 (430) Equity Shares of Pentamedia Graphics Ltd. of Re. 1/- each 2,924 —
200 (200) Equity Shares of Rolta India Ltd. of Rs. 10/- each 20,160 —
• 3200 (3200) Silverline Technologies Ltd.of Rs. 10/- each 48,500 - • • -
1000 (1000) Equity Shares of.
Pentasoft Technologies-Ltd. of Rs. 10/-each 1,530 • • ' —
150 (150) Equity Shares of Easun Reyrolle Ltd. of Rs. 21- each 21,889 —
200 (200) Equity Shares of Dr. Reddys Laboratories Ltd. of Rs. 5/- each 118,190 —
200 (200) Equity Shares of Reliance Communications Ltd. of Rs. 5/-each 95,286 —
290 (290) Equity Shares of Piramal Healthcare.Ltd.-of Rs.2/-each . „, , 66,740 . —
500 (500) Equity Shares of Matrix Laboratories Ltd. of Rs. 21- each " 88,700 " . •—
Mahanagar Telephone Nigam Ltd. of Rs. 10/- each 48,275 ' •
500 (500) Equity Shares of Geoinfo of Rs. 10/-each '89,750 .—
Prithvi Information Solutions Ltd. of Rs. 10/-each 32,520 ' —
(Aggregate Market Value as on 3Tst March 2009 of
Quoted Investments - Rs. 543,703/ ):
TOTAL 22,596,638 3,050,000
SCHEDULE - VI : INVENTORY
(As taken,valued & Certified by the Management) *
(I) Work in Progress
- a) EPC Division " 51,895,957 —
(II) Stock in Trade
(b) Building Material &. Spares 31,329,435 —
(c) Shares & Securities (Quoted) . ; — 701,838
TOTAL 83,225,392 701,838
- ( J 7 T H ANNUAL REPORT ;........IZ22J-

• - - -' ' • - • - ' —.— Brahmaputra Infraproject Limited

Particulars Rupees Rupees
SCHEDULE - VII : SUNDRY DEBTORS

(Unsecured, Considered Good unless otherwise stated)
a) Debts outstanding for a period exceeding six months 341,438
b) Other Debts 34,430,924
TOTAL 34,430,924 341,438
SCHEDULE - VIII: CASH AND BANK BALANCE

Cash in Hand 762,682 325,300
Balances with Scheduled bank :
— In Current Account 24,734,602 910,169
— In Fixed Deposit Account 54,703,595
(including Interest Accrued thereon)
TOTAL 80,200,879 1,235,469
SCHEDULE - IX : LOANS & ADVANCES (Unsecured, considered good)

Advance receivable in cash or in. kind or for value to be received
— to Directors & their relatives (Maximum amount outstanding ' —
during the year from related parties Rs - Nil lacs) . ' - . .
— to Companies under the same Management
— Brahmaputra Infrastructure Ltd. 235,061,013 —
— to Others ... • - 72,368,059 31,374,958
Advance Income Tax & TDS 7,119,906 758,310
Advance Fringe Benefit Tax 100,000' • —
WCT/lnput t a x Receivable . 5,147,109 . • • - —
TOTAL 319,796,087 . 32,133,268
SCHEDULE - X : CURRENT LIABILITIES AND PROVISIONS

CURRENT LIABILITIES
Expenses Payable . - 2,991,372 . 71,238
TDS, Sales Tax & Service Tax Payable . . . . 4,754,005. . —
SD/Retention/Withheld from Sub-contractor " 22,547,169 •,..•-.•••> —
Sundry Creditors • . , 57,242,365 2,886,490
87,534,911 2,957,728
PROVISIONS
Income Tax Provision 5,632,732 382,392
FBT Provision 129,300 •• . • —
Proposed Dividend 3,504,600 - —
;
Tax on Proposed Dividend 496,339 - *- . —-
9,762,971 . - 382,392
TOTAL 97,297,882 3,340,120
{ J 7 T H ANNUAL REPORT.

Particulars
Rupees Rupees
SCHEDULE - XI : INCOME FROM OPERATIONS

(i) Civil Contracts / Projects. 254,306,232
Add : WIP at close 51,895,957
Less: WIP at commencement
306,202,189
(ii) Trading 267,087,126
TOTAL 306,202,189 267,087,126
SCHEDULE - X I I : OTHER INCOME

Machine Hiring Charges 3,958,439
Miscellaneous Income 2,596 44,022
TOTAL 3,961,035 44,022
SCHEDULE - XIII : OPERATING EXPENSES

(a) Civil
Site Operation Expenses 232,215,056
Piece Rate Work 9,444,247
Insurance Expenses 26,731
Repair & Maintenance (Machinery) 1,231,461
Salary & Wages at site 2,952,588
Sales Tax on Works Contract 8,475,047
(b) Trading 265,781,081
TOTAL 254,345,130 265,781,081
SCHEDULE - XIV : PAYMENT & BENEFIT TO EMPLOYEES

Staff Salary 9,049,542 804,575
Bonus, Gratuity & Leave Encashment 95,580 -
Staff Canteen - 102,356 —
Mess Expenses 213,154 —
Medical Reimbursement - 199,701 —
Contribution to Provident Fund etc. 33,917 —
Employee's welfare 85,601 20,370
TOTAL 9,779,851 824,945


Particulars Rupees Rupees
SCHEDULE - XV : ADMINISTRATIVE AND MISC. EXPENSES

Advertisement & Publicity 67,101 19,035
Business promotion Exp 70,317 —
Directois Remuneration 280,000 —
Director sitting fee 30,000 —
Electricity Charges 25,876 —
Filing Fees 19,810 1,000
(ProfitVLoss on Sale/ Transfer of Fixed Assets 119,535 (231,595)
Office Expenses 111,271 10,732
Postage & Courier - - 32,625 23,144
Telephone Expenses 536,080 45,571
Printing & Stationery 595,476 71,295
Legal & Professional 506,642 160,932
Rates & Taxes 18,085 —
ROC Fee & Listing Exp. 166,313 —
Rent 896,777 —
Repair & Maintenance (Others) 214,820 22,968
Tender Fee 19,469 —
Conveyance . 516,089 50,677
Travelling Expenses (Others) 35,625 —
Hotel Boarding & lodging Exp, (Others) 24,948 —
Vehicle Running Expenses 296,840 51,958
Insurance (Others) 6,932 —
Donation 13,100 . —
Other Expenses 99,713 68,685
AUDITORS REMUNERATIONS
Audit Fees 82,725 16,854
Tax Audit Fees 27,575 —
TOTAL "4,813,744 311,256
SCHEDULE • XVI : INTEREST & FINANCE CHARGES

a) Interest Paid 12,639,804 6,494
b) Bank, BG & Finance Charges 1,654,343 3,280
14,294,147 9,774
Less: Interest Received 6,749,997
TOTAL 7,544,150 9,774
{ J 7 T H ANNUAL REPORT........[....:...A...25 ^ ) -
SCHEDULE 'XVII' : NOTES TO THE ACCOUNTS FORMING PART OF BALANCE SHEET AS ON 31 ST MARCH 2009 AND
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON THAT DATE.
A. SIGNIFICANT ACCOUNTING POLICIES
1. Basis of accounting -.
a. The financial statements have been prepared to comply with the requirements of the Companies Act, 1956, under
the historical cost convention on the accrual basis of accounting and in accordance with the standards on accounting
issued by the Institute of Chartered Accountants of India, referred to in section 211 (3C) of the Companies Act, 1956.
b. The company has discontinued its 'NBFC business w.e.f. 12.05.2008 and entered into business of Civil Construction.
Accordingly its Main Object clause under Memorandumof Association was restructured by deleting financial activities
and incorporating full fledged infrastructure activities.
c. Consequent to the change in business and corresponding change in Accounting Policy, the company converted its
stock in trade of shares and securities into current investment at carrying book value cost. Had this being not done
the net profit of the company would have been lower by Rs. 1,58,135/-.
2. Use of estimates: The preparation of financial statements in conformity with generally accepted accounting policies
requires management to.make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statement and the reported accounts of revenues
and expenses for the years presented. .
3. Revenue recognition: Income from construction contracts is recognized by reference to the stage of completion of the
contract activity as certified by the client.
4. Employee benefit: During the year under review the company has provided Bonus and Leave encashment on accrual
basis, Provident fund and leave encashment has been provided on actual liability basis.
5. Investment: Long term investments are stated at cost. Current investment at carrying cost. No provision is made for
diminution i n their value. . . .
j . • -
6. Inventory: All inventories consisting of Work in Progress (Contract), Materials arid'stores in hand has been valued at
cost.
7. Fixed assets: Fixed Assets has been stated at cost less accumulated depreciation. Cost includes purchase price and all
otherlattributable cost of bringing the assets to working condition for intended use.
8. Depreciation: Depreciation is provided on straight line method as per rates specified in Schedule XIV to the Companies
Act, 1956. .
I
9.- Contingent liabilities: Contingent Liabilities not-admitted by the company are not provided for in the accounts but are
disclosed by way of Notes to Accounts.,
10 Taxation: Income Tax comprises current tax, deferred tax and fringe benefit tax. Deferred tax assets and liabilities are
recognized for the future-tax.consequences of timing differences subject to consideration of prudence. Deferred tax
asset's and liabilities are me'asured using the tax rates enacted or substantively enacted by the balance sheet date.
11. Earning per share: The earnings considered in ascertaining company's EPS comprises the net profit after tax. The
number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.
12. Borrowing costs: Borrowing costs that are directly attributable to the acquisition or construction of a qualifying asset are
considered as part of the cost of that asset. Other borrowing costs are recognized as an expense in the year in which they
are incurred. .
13. Impairment of assets: Pursuant to Accounting Standard (AS-28) on - Impairment of assets issued by the Institute of
Chartered Accountant of India, the~compariy assessed its fixed assets'for impairment as at the year.end andcohcluded
that there has been no significant impaired fixed assets that needs to be recognized iri'the books of accounts.
NOTES TO THE ACCOUNTS

1. Contingent Liabilities not provided f o r :
Guarantees given by banks towards performance, financial and contractual commitments on behalf-of the Company Rs.
4982.J75 Lac (previous year Rs Nil Lac).
2. The Balance of Security Deposit/ Retention Money, Earnest Money, Withheld Money, Sundry Debtors, Loans & Advances
and Sundry Creditors are subject.to their confirmation. _ .
3. Accounting for Tax on Income:

Current Tax (including Fringe Benefit Tax) is determined based on the provision of the Income Tax Act 1961 including
treatment of Retention Money amount as contingent amount taxable in the year of its real accrual/ receivable based on
real income theory. Deferred tax has been provided for all timing difference as required under the provisions of the
Accounting Standard -22 issued by the Institute of Chartered Accountants of India.
4. Remuneration to Managing Director & Whole time Directors as under: (Amount in Rs.)
Particulars Year ended
31.03.2009
Salary 2,80.000
TOTAL 2,80,000
5. Related Party Disclosure pursuant to Accounting Standard (AS) 18 is as follows:

List of Related Party:
1. Associates:
i. Brahmaputra Infrastructure Ltd ii. M. L. Singhi & Associates (P) Ltd
iii. Brahmaputra Finlease (P) Ltd iv. Mewar Developers (P) Ltd.
V. Brahamaputra Promoters & Planners (P) Ltd. vi. Brahamaputra Holding (P) Ltd.
Key Management Personnel & their relatives:
vii. Suresh Kumar Prithani, Managing Director viii. Ashok Kumar Gadya, Director
ix. Ashok Kumar Singhal, Director X. Govind Lai Gadya, Director
xi. Pramod Kumar Chapparwal, Director xii. Ramphal Bansal, Director
xiii. Om Prakash Kejriwal, Director xiv. Gopal Bachani, Wholetime Director
The following transactions were carried out with the related parties in ordinary course of business:
Statement showing related party transactions during the year ended on 31 st March, 2009 (Rs. in Lacs)
S.No Nature of Transactions " Associates Key Management

Personnel & their relatives
i) Purchase of Material/ Services/Fixed Assets/ Rent 633.76 Nil

(Nil) (Nil)
") Sale of Material/ Services/ Fixed Assets/ Rent 339.55 Nil

(Nil) (Nil)
iii) Managerial Remuneration Nil 2.80

(Nil) (Nil)
iv) . Advance/Loan given during the year 1490.00 Nil

(Nil) (Nil)
v) Advance/Loan received during the year 2558.47 . Nil

(Nil) (Nil)
vi). Share Application^Money Received 324.30 108.10

(Nil) (Nil)
vii) Investments 199.95 '•' Nil

(NH) (Nil)
viii) Outstanding at year end.'

Payables 945.77 Nil
(Nil) - (NIL)
Receivables 800.51 'Nil
(Nil) - (Nil) '
Inter Corporate Deposit Received- Nil ' .; . Nil
(Nil) . .. .(Nil) .
Guarantees & Collateral given Nil Nil .
; (Nil). (Nil)
Note: figures in ( prelates to previous year ended 31.03.2008

6. In the opinion of-.the Directors, the Current Assets, Loan &. Advances (excluding retention money have a value on realization
in ordinary course of'business at least equal to the amount at which they are stated in the Balance Sheet.
7. The company has not received information from vendors regarding their status under the Micro, Small and medium
Enterprise Development Act,2006 and hence disclosure relating to amounts unpaid as at the year end together with
interest.paid/payable under this Act has not been given.
Calculation of Earning Per Share (Amount In Rs.)
Particulars As on As on
31.03.2009 31.03.2008
Net profit attributable to equity shareholders
Profit after tax 20738554 15784
Earlier year items
Income-tax 49093 168379
20787647 184163
Normal value of equity share (Rs.) . 10 '10
Weighted average number of equity shares 5474953 3009200
Basic earnings per share (Rs.) 3.79 0.005
Normal value of equity shares (Rs.) 10 10
Weighted average number of equity shares used to
compute diluted earnings per share 5474953 3009200
Diluted earnings per share (Rs.) 3.79 0.061
9. The Company has not employed any employee whose salary exceed the limit specified U/s 217 (2A) of the Companies
Act, 1956. ~
10. Segment Reporting: After discontinuance of NBFC business from 12th May 2008, with effectively no business transaction
during'the period, the company has been left with single segment i.e. Civil Construction. Which as per Accounting Standard
- 17 is considered as a single Geographical Segment.
11. There is no impairment loss on fixed assets is recognized or reversed during the year pursuant to Accounting Standard (AS) 28.
12. Information pursuant to provision of part II of Schedule VI of the Companies Act, 1956 wherever applicable are as
follows:-
(Rs. In Lacs)
Particulars 2008-2009 2007-2008
I.A.! Income from Operations .- 3062.02 2670.87
B. | Other Income 39.61 2.76
C. , Profit Before Tax 318.19 0.71
D. J Profit After Tax 207.38 0.16
E. j Dividend- 35.05 Nil
II.A.! Value of .Import on CIF basis Nil Nil
B. j Expenses in Foreign Currency Nil Nil
C. ; Earning in Foreign Currency Nil Nil
\ Sd/-
For A.B. Bansai & Company " Suresh Kumar Prithani
Chartered Accountants • Chairman Cum Managing Director
; Sd/-
A.B. Bansai
Partner
Sd/- Sd/- Sd/-
Place: New Delhi Sandeep Rastogi ~ Nidhi Lochan Gopal Bachani
Date : 23.06.2009 • - • " Manager (F & A) ' Company Secretary Director - '
^ 1 7 T H ANNUAL REPORT:
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE

REGISTRATION DETAILS
Registration No. L65910DL1992PLC048613
Balance Sheet Date 31.03.2009 -
CAPITAL RAISED DURING THE YEAR (AMOUNT.IN RS. THOUSAND)
Public Issue Right Issue
NIL NIL
Bonus Issue Private Placement'
"NIL NIL
POSITIONS OF MOBILIZATION AND DEPLOYMENT OF FUNDS (AMOUNT IN RS. THOUSAND)
Total Liabilities Total Assets
504,767 504,767
Sources of Funds
Paid-up Capital Reserves & Surplus
70092 • 24609
Secured Loan Unsecured Loan
404676 NIL •
Advance from Promoters
NIL
Application of Funds
Net Fixed Assets Investment
60815 . 22597
Net Current Assets Misc. Expenditure (Net)
.420355 NIL
. " • Accumulated Lcfsses
NIL
PERFORMANCE OF THE COMPANY (AMOUNT IN RS THOUSAND) r
Turnover Total Expenditure

310163 278344
Profit before Tax Profit after Tax
31819 20739
Earning per share in Rs. Dividend Rate %
3.79 5.00
5. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/SERVICES OF COMPANY (AS PER MONETARY TERMS)
1. Item Code No. (ITC Code) N.A.
Product Description Constructions
2. Item Code No. (ITC Code) N.A.
Product Description N.A.
'3. Item Code No. (ITC Code) N.A.
Product Description N.A.
Sd/-
For A.B. Bansal & Company Suresh Kumar Prithani
Sd/-
A.B. Bansal
Partner
Sd/- Sd/- Sd/-
Place: New Delhi Sandeep Rastpgi Nidhi Lochan Gopal Bachani
Date : 23.06.2009 Manager (F & A) Company Secretary • Director
< J 7 T H ANNUAL REPORT

Regd. Office : Brahmaputra House, A-7, Mahipalpur (NH 8 - Mahipalpur Crossing), New Delhi - 110 037
PROXY FORM
Folio No. ACIeint ID No No. of equity shares held

i
I/We \ of in the district
of : being a Member/Members of the above Company hereby
appoint Sh./Smt of
in the district of orfailing him her Sh./Smt of
in the district of as my/our proxy to vote for me/us on my/our behalf at the 17th Annual
General Meeting of the Company to be held on Tuesday, the 29th day of September, 2009 at 10.00 A.M. at Sylvan Chef, Central
School Road, Behind Spinal Injury Hospital, Vasant Kunj, New Delhi - 110070 and any adjournment thereof.
Signed this: day of.. 2009. Affix a

Revenue
Stamp
Signature
Note : t h e form should be signed across the stamp as per specimen signature registered with the Company. The proxy form
must reach the Registered Office of the Company not less than 48 hours before the time fixed for holding the aforesaid
meeting.
K •! Tear Here : X

Regd. Office : Brahmaputra House, A-7, Mahipalpur (NH 8 - Mahipalpur Crossing), New Delhi - 110 037
ATTENDANCE SLIP
PLEASE COMPLETE THIS ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING HALL.
Name of the Attending Member (In Block Letters)
Member's Registered Folio Number
Name of Proxy (In Block Letters) i
(To be filled in;if the proxy attends instead of the member):
No. of Shares held ." : •.
I hereby record my presence at the Annual General Meeting held "at Sylvan Chef, Central School Road, Behind Spinal Injury
Hospital, Vasant Kunj, New Delhi - 110070 on 29th day of September, 2009.
Kindly bring yourcopy of Annual Report at the Annual.General

Meeting as copies of the report will not be distributed at Meeting Member's/Proxy's Signature
BOOK-POST
If undelivered, please return to:

Corporate & Registered Office
" Brahmaputra House, A-7 Mahipalpur • • • - -
(NH 8 - Mahipalpur Crossing), New Delhi -110 037
Phone : +91-11-42290200 (50 Lines), Fax : +91-11-46168880, 26787068
- E-mail: secretarial.bipl@brahmaputragroup.com

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iputra Infraproject Limited Brahmaputra infraproject Limited Brahmaputra Infraproject Limited Brahmaputra h i f r a p v o j e d Limited Brahmaputra m i r a p r o j e t i Limited Brahmaputra iniraproject \

CONTENTS PAGE NO.

Time : 10.00 A.M. Balance Sheet 18

By order of the Board of Directors

17TH ANNUAL REPORT

17TH ANNUAL REPORT,

Financial Results (Rs. in Lacs)

Year ended Yearended

Income from Operation 3062.02 2670.87

Management Discussion and Analysis Report

Directors ' " ' *

17TH ANNUAL REPORT.

Directors' Responsibility Statement

Personnel & Human Resources

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

On behalf of the Board

^ 17TH ANNUAL REPORT.

M A N A G E M E N T DISCUSSION AND ANALYSIS REPORT

Over all review

Risks and concerns

Internal control systems and their adequacy

Financial performance and results

< 17TH ANNUAL REPORT 6

Human resource/Industrial relations , . .

REPORT OF T H E DIRECTORS ON CORPORATE G O V E R N A N C E

COMPANY'S PHILOSOPHY ON CORPORATE GOVERNANCE

Director Category of Number of - Number of Committee

Mr. Satish Chander Gupta Non-Executive, Independent 8 2 : - 2

Name of Director Date of No.* of Board Meetings Attendance at

COMMITTEES OF THE BOARD

Name of the Members Current Date of Date of No. of No. of

Name of the Members Current Date of Date of No. of No. of

Mr. O.P. Kejriwal* ,- . 13.11.2008 - . 24.02.2009 • ". 1 ' 1.

GENERAL BODY MEETINGS

Financial Year AGM Date " • Location of Meetings Time

- { J 7 T H ANNUAL REPORT ~TT)-

f) Annual Listing Fee

g) I S I N f o r N S D L & CDSL : INE968C01016

h) Market Price Data

April 2008 13.81 9.00

May 2008 16.61 11.70

June 2008 17.40 10.15

July 2008 19.30 8.10

August 2008 20.25 46.00

September 2008 45.80 29.20

October 2008 36.75 25.35

November 2008 29.40 25.70

December 2008 31.90 15.40

January 2009 17.85 12.00

February 2009 13.17 11.55

March 2009 33.00 12.81

i) Registrar and Transfer Agent & Share Transfer System

I) Dematerialisation of shares and liquidity

m) Outstanding G D R s / A D R s / Warrants etc.

n) Address for correspondence

AUDITORS' CERTIFICATE ON CORPORATE G O V E R N A N C E

To the Members of Brahmaputra Infraproject Limited

For A.BBansal & Company

17TH ANNUAL REPORT,

For A.B Bansal & Company

17TH ANNUAL REPORT

ANNEXURE TO THE AUDITORS'REPORT