Dear Members,

It is indeed a matter of great pleasure that we are here again to deliberate the success of your Company’s achievement. I on myself and on behalf of other dignitaries would like to welcome all of you at the 25th Annual General Meeting. I on behalf of the Board of Directors and employees and staff of Kalindee Family extend my sincere gratitude to all of you for trust bestowed on us which has helped the Company to sail through difficult time of recession, which the entire world has faced and is facing with much difficulty, with relative ease.

In terms of growth it is harsh to say yet the truth is that your Company could not achieve greater heights as was expected and proposed at the time of start of financial year and the major contributor to this has been economy slowdown which has affected all the sectors considerably, yet your Company stayed unaffected to a very large extent.

The projections before the start of the year under review could not be achieved but your Directors are highly hopeful
of meeting the business forecasts during coming years.

I present the Annual Accounts for the year 2008-09 with a sense of definite satisfaction. Against the market trend, we
have been able to maintain financials somewhat not very much out of line with previous year. Operating margin
and net profit are in tune with last year. Gross turnover has depicted increase of about 15% over last year.

It is Kalindee’s endeavour to continuously explore opportunities for growth by synergizing and blending its multiple
core competencies to create new epicenters of growth.

Our employees are inspired by the vision of growing Kalindee into one of India’s premier Company and are willing
to go the extra mile to generate value for the economy, in the process creating growing value for the stakeholders.