The Directors have pleasure in presenting their TWENTY NINTH ANNUAL REPORT together with the Audited Accounts of the Company for the year ended on 31st day of March 2014.

FINANCIAL HIGHLIGHTS:

                                                         (Rs. in Lacs)

                                               For the    For the year
                                            year ended        ended on
                                         on 31.03.2014      31.03.2013

Turnover                                        135.93          227.26

Other Income                                     3.124          203.04

Total Income                                    139.05          430.30

Total Expenditure                               422.83          867.10

Profit / (Loss) before Taxation               (283.78)        (436.80)

Provision for Tax                               126.01           52.58

Profit / (Loss) after Taxation                (157.76)        (384.23)

The Sales for the period ended 31.03.2014 were at Rs. 135.93 lacs as against Rs. 227.26 Lacs for the previous year. The loss After Tax is Rs. 157.76 Lacs against loss after tax of Rs. 384.23 Lacs for the previous year.

FUTURE OUTLOOK :

In the wake of ongoing economic scenario the outlook of the company looks bleak. Although the economy seems on its way to a recovery, the State of Telangana (Previously Andhra Pradesh) is still going through some turmoil. The State Owned Units are getting bifurcated and has proven to be a challenge. Hence the number of "bandhs" called by both sides of the party frequently. Power supply in the State of Telangana has not improved. The state distribution company (APCPDCL) has increased power bills by means of collecting FSA charges and other miscellaneous charges to pay for their financial deficit besides there is no power for 4 days in week for Industries. This is directly related to industrial power bill increase. Since the creation of the new state and a very inexperienced government coming to power, there is much work to do to get the state on a path of economic recovery.

Looking at all the above issues of global as well as local grim economic condition experienced by economy, business, Nation and World at large, we the Director of the company are not hopeful of continuing business of manufacturing conductor by the company and hence as a matter of abundant precaution, and for preserving economic value of the company and as a prudent norms of business decided to suspend its manufacturing and Job work activity. Company has decided to reassess the opportunities, Scope, threat and value of company. We are in talks with the Bank to settle their dues against the assets of the Company.

DIVIDEND:

In view of the loss and suspension of the company s operation, your Directors have decided not to recommend any dividend for the year under operation.

MANAGEMENT DISCUSSION AND ANALYSIS:

As required by clause 49 of the Listing Agreement with the Stock Exchange, a Management Discussion and Analysis Report are appended.

DIRECTORS:

Mr. Mahendra C Shah retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. Your Directors recommends his re- appointment.

The Company has two independent Directors, appointed under the Listing Agreement, namely Mr. N. S. Rangnathan and Mr. Vikram Shah, who have diverse business/administrative experience and are making significant contribution to the Company. At present, they are liable to retire by rotation. It is proposed to appoint them as Independent Directors, until the conclusion of next Annual General Meeting, subject to approval of the shareholders, in terms of Section 149 of Companies Act, 2013 (the Act). The Company has received separate notices under Section 160 of the Act from members signifying their Candidature as Directors along with requisite deposit as prescribed thereunder. All above mentioned Independent Directors have also given declarations that they meet the criteria of independence as provided in sub-section 6 of Section 149 of the Act.

PERSONNEL:

There were no employees during the year or part of the year drawing remuneration, which falls within the preview of the provisions of Section 217 (2A) of the Companies Act 1956.

AUDITORS' REPORT:

The observation made in the Auditors Report read together with relevant notes thereon are self explanatory and hence do not call, any further comments under Section 217 of the Companies Act 1956.

AUDITORS:

The Auditors M/s Sandip V. Doshi & Co., Chartered Accountants, Mumbai hold the office until the conclusion of ensuing Annual General Meeting. Your company has received certificate from the Auditors U/S 224(1B) of the Companies Act, 1956 to the effect that their reappointment if made, shall be in accordance with prescribed conditions and the said Auditors satisfy the criteria provided in Section 141 of the Companies Act, 2013.

FIXED DEPOSITS:

The Company has not invited / accepted / renewed any fixed deposits as per the provisions of Section 58 A of the Companies Act 1956 from the public during the year under review.

CORPORATE GOVERNANCE:

A separate report on the Corporate Governance and Management Discussion & Analysis is attached as a part of the Annual Report. The Auditors Certificate regarding compliance of the conditions of Corporate Governance is also annexed.

DIRECTORS' RESPONSIBILITY STATEMENT:

In terms of Section 217 (2AA) of the Companies Act 1956, the directors would like to state that:

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

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 the financial year and of the profit of the Company for the year under review

iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) The Directors have prepared the Annual Accounts on a going concern basis.

CONSERVATION OF ENERGY. ABSORPTION OF TECHNOLOGY & FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information relating to Conservation of Energy, Technology absorption and Foreign Exchange Earning and Outgo as stipulated under Section 217 (1) (e) of the Companies Act 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 is set out in the separate statement, attached to this report & forms part of it.

ACKNOWLEDGEMENTS:

Your Company & its Directors wish to extend their sincerest thanks to the Bankers, State Government, Customers, Suppliers and Staff for their continuous co-operation & guidance.

                                 By the Order of the Board of Directors
                                        For GLOBUS CORPOORATION LIMITED

Date: 16th May, 2014                                    Mr. Mit M. Shah
Place: Mumbai                                                  CHAIRMAN
                                                        Din no.01662293