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The consolidated net profit of the company and its subsidiary amounted to Rs. 378.73 crore for the financial year ended 31st March,2009 as compared to Rs. 378.74 crore for the company on a standalone basis. The Cash Flow Statement for the year under reference is annexed hereto.
 
SUBSIDIARY COMPANY
 
The statement required under section 212 of the Companies Act, 1956 in respect of the subsidiary, Bulland Buildmart Pvt. Ltd. is annexed hereto as Annexure 'D'.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.
 
A Statement containing necessary information, as required under the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, is annexed hereto as Annexure 'E'.
 
APPRECIATION
 
We wish to acknowledge the understanding, support and the services of the sincere workers, staff and executives of the Company, which have largely contributed to the efficient operations & management of the Company. Your Directors also wish to place on record the valuable co-operation & support received from the Financial Institutions, Banks, the Government of India, the State Governments and the concerned local authorities.
 
We would also like to express sincere thanks to our Shareholders for their confidence and understanding.
 
      B. K. BIRLA   Chairman
 
 
 
 
 
   Kolkata
2nd May, 2009.
   
 
 
 
 
   S. K. PARIK
Director & Secretary
K. G. MAHESHWARI
B. P. BAJORIA
P. K. CHOKSEY
G. B. PANDE
AMITABHA GHOSH
P. K. MALLIK
MANJUSHREE KHAITAN
Directors
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