డైరెక్టర్ల నివేదిక Sugam Agro-Tech Ltd.

Mar 31, 2011

The directors present the Seventeenth Annual Report together with audited Annual accounts of the company for the financial year 2010-11.

DIRECTORS

Mr. M S Prakash Is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offers himself for reappointment

There are no employees who are In receipt of any remuneration from the Company and the Provisions of Section 217 (1) and (2A) are not applicable to the Company.

The "Directors Responsibility Statement" as required u/s 217 (2AA) Is annexed to this Report.

AUDITORS

M/s. SPAD & Associates, Chartered Accountants, Hyderabad, the Statutory Auditors of the company, retire at the ensuing Annual General Meeting. They have confirmed their eligibility and willingness to accept the office for another term I.e., till the conclusion of the next annual general meeting.

PENDING CASES

Citibank filed a suit In City Civil Court, Hyderabad for Import BUI settlement for Rs. 7.66 lakhs and got orders in their favour for recovery along with Interest

Directors' Responsibility Statement

To the best of their knowledge and belief and according to the Information and explanations obtained by them, your directors make the following statements In terms of Section 217 (2AA) of the Companies Act 1956.

(I) That In the preparation of the annual accounts for the financial year ended March 31, 2011, applicable accounting standards had been followed along with proper explanation relating to material departures;

(II) That the directors had selected such accounting policies as mentioned In Schedule XIII to the Act, 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 the financial year 2010- 2011 and of the profit or loss of the company for that period;

(III) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other Irregularities;

For and on behalf of the Board

Hyderabad M S Prakash D S N Raju July 29,2011 Director Director

---

Mar 31, 2010

The directors present the Sixteenth Annual Report together with audited Annual accounts of the company for the financial year 2009-10.

DIRECTORS

Mr. D S N Raju is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offers himself for reappointment

There are no employees who are in receipt of any remuneration from the Company and the Provisions of Section 217 (1) and (2A) are not applicable to the Company.

The "Directors Responsibility Statement" as required u/s 217 (2AA) Is annexed to this Report

AUDITORS

M/s. SPAD & Associates, Chartered Accountants, Hyderabad, the Statutory Auditors of the company, retire at the ensuing Annual General Meeting. They have confirmed their eligibility and willingness to accept the office for another term i.e., tin the conclusion of the next annual general meeting.

PENDING CASES

Citibank Med a suit in City Civil Court, Hyderabad for Import BUI settlement for Rs. 7.66 lakhs and got orders in their favour for recovery along with interest

Directors Responsibility Statement

To the best of their knowledge and belief and according to the information and explanations obtained by them, your directors make the following statements in terms of Section 217 (2AA) of the Companies Act 1956.

(i) That In the preparation of the annual accounts for the financial year ended March 31,2010, applicable accounting standards had been followed along with proper explanation relating to material departures;

(II) That the directors had selected such accounting policies as mentioned In Schedule XIII to the Act 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 the financial year 2009- 2010 and of the profit or loss of the company for that period;

(iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Ms Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;



For and on behalf of the Board

Hyderabad M S Prakash D S NRaju

July 29,2010 Director Director