The Directors present the Annual Report together with the Audited Balance Sheet as at 31st March 2014 and the Statement of Profit and Loss of Eureka Industries Limited for the year ended on 31st March 2014.

COMPANY'S PERFORMANCE:

Your Company's performance during the year 2013-14 (12 months) and for the period April'12 to March'13 (12 months) is summarized below:

FINANCIAL RESULTS:

The highlights of Financial results for the year ended on 31st March 2014 are:

                                      Current Year       Previous Year
                                     (Rs. in Lacs)       (Rs. in Lacs)

Sales and Other Income                       10.00               11.59
  
Profit/(loss) Before Tax                      5.04                3.36

Less : Provision of Taxation                  0.89                0.64

Net Profit/(Loss) for the year                4.18                2.72

Balance b/f. from previous year           (750.13)            (752.85)

Balance Carried to Balance Sheet          (745.96)            (750.13)

Your Directors are unable to recommend any Dividend on the Equity Shares in view of the financial position of the Company.

CORPORATE GOVERNANCE REPORT:

Your Company is committed to good Corporate Governance practices. Your Directors endeavor to adhere to the standards set out by the Securities and Exchange Board of India's (SEBI) Corporate Governance practices and accordingly has implemented all the major stipulations prescribed.

A separate report on Corporate Governance and a Management Discussion and Analysis Report are being published as a part of the Annual Report of the Company.

The Auditors of the Company have certified that conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement are complied by the Company and their Certificate is annexed to the Report on Corporate Governance.

CASH FLOW STATEMENT:

Cash flow statement in pursuant to Clause 32 of the listing agreement is attached and forms part of the report.

PUBLIC DEPOSITS:

The Company has not accepted any deposit within the meaning of Section 58A of the Companies Act, 1956 during the year under review.

MANAGEMENT DISCUSSION & ANALYSIS REPORT:

The Management Discussion and Analysis report is annexed here to as part of the Directors' Report.

DIRECTORS:

Mr. Ketan A. Gandhi (DIN 02553466), Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for reappointment. The Board recommends his reappointment.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that.

(1) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

(2) Appropriate accounting policies have been selected and applied them consistently and judgments and estimates made that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period.

(3) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguard the assets of the Company and for preventing and detecting fraud and other irregularities.

(4) The accounts have been prepared on going concern basis.

LISTING OF EQUITY SHARES:

The Company's securities are listed with Bombay Stock Exchange Ltd, Mumbai.

PARTICULARS OF EMPLOYEES:

There is no employee drawing remuneration falling within the limits specified under Section 217(2A) of the Companies Act, 1956 hence no statement is enclosed.

AUDITORS:

M/s. Kothari Sangawat & Associates (FRN 132985 W) Chartered Accountants, Auditors of the company hold office until the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Board recommends their appointment as the Statutory Auditors of the company.

The company has received a certificate from the auditors to the effect their, re-appointment, if made, would be within the prescribed limit u/s. 224 (1B) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

As required 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, Your Company has no activities relating to Conservation of Energy, Technology Absorption etc.

Foreign Exchange Earning And Outgo: NIL

ACKNOWLEDGEMENT:

Your Directors take this opportunity to express their gratitude and thank the Customers, Dealers and Suppliers, Investors, Members, Banks, Financial Institutions, Central and State Governments for their continued support and co-operation. Your Directors also thank the employees of the Company across all levels for the sincere and hard work put in by them during the year under review.

                                         For Eureka Industries Limited

                                                                  Sd/-

Place : Ahmedabad                                      Ketan A. Gandhi
Date  : May 30, 2014.                                         Director