taking our brands to the next level · as no.1 rice company in india, no.1 global basmati rice...

46C, Chowringhee Road, ‘Everest House’, Room No. 15B, 15th Floor, Kolkata - 700071Website: www.reiagro.com

Takingour brands

to thenext level

A N N UA L R E P O R T 2 0 1 0 - 1 1

Taking our brands to the next level 01

Financial Highlights 02

Directors’ Report 04

Management Discussion & Analysis 08

Report on Corporate Governance 12

Auditors' Report 23

Financials 26

Contents

Disclaimer

In this Annual Report we have disclosed forward-looking statements to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipate', 'estimate', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance.

We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialse, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Information BOARD OF DIRECTORS

Shri Sanjay JhunjhunwalaChairman

Shri Sandip JhunjhunwalaVice Chairman cum Managing Director

Dr. ING N. K. GuptaIndependent Non-Executive Director

Shri A. ChatterjeeIndependent Non-Executive Director

Shri K. D. GhoshIndependent Non-Executive Director

COMPANY SECRETARY cumCOMPLIANCE OFFICER Shri Mandan Mishra

REGISTERED OFFICE“ Everest House”46C, Chowringhee Road,15th floor, Room No. 15-BKolkata - 700071

CORPORATE OFFICE58A/1, Sainik Farm,New Delhi - 110062

AUDITORP. K. Lilha & Co.Chartered Accountants

INTERNAL AUDITORS. JaykishanChartered Accountants

PRINCIPAL BANKERS

UCO Bank

IDBI Bank Limited

Indian Overseas Bank

Corporation Bank

Allahabad Bank

State Bank of Bikaner & Jaipur

United Bank of India

Axis Bank

Indusind Bank

Dena Bank

State Bank of Patiala

Bank of Maharashtra

State Bank of Travancore

Karur Vysya Bank

Central Bank of India

Infrastructure Development Finance Company Ltd.

Indian Renewable Energy Development Agency Ltd.

ICICI Bank, Hong Kong Branch

State Bank of India

ICICI Bank Limited

ING Vysya Bank

REGISTRAR & SHARE TRANSFER AGENTS

Maheshwari Datamatics Pvt. Ltd

6 Mangoe lane, 2nd Floor,

Kolkata - 700001

Tel: + 91 33 22482248/22435029;

Fax: +91 33 2248 4787

Email: mdpl@cal.vsnl.net.in

Taking our brands to the next level 01

Financial Highlights 02

Directors’ Report 04

Management Discussion & Analysis 08

Report on Corporate Governance 12

Auditors' Report 23

Financials 26

Contents

Disclaimer

In this Annual Report we have disclosed forward-looking statements to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipate', 'estimate', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance.

We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialse, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Information BOARD OF DIRECTORS

Shri Sanjay JhunjhunwalaChairman

Shri Sandip JhunjhunwalaVice Chairman cum Managing Director

Dr. ING N. K. GuptaIndependent Non-Executive Director

Shri A. ChatterjeeIndependent Non-Executive Director

Shri K. D. GhoshIndependent Non-Executive Director

COMPANY SECRETARY cumCOMPLIANCE OFFICER Shri Mandan Mishra

REGISTERED OFFICE“ Everest House”46C, Chowringhee Road,15th floor, Room No. 15-BKolkata - 700071

CORPORATE OFFICE58A/1, Sainik Farm,New Delhi - 110062

AUDITORP. K. Lilha & Co.Chartered Accountants

INTERNAL AUDITORS. JaykishanChartered Accountants

PRINCIPAL BANKERS

UCO Bank

IDBI Bank Limited

Indian Overseas Bank

Corporation Bank

Allahabad Bank

State Bank of Bikaner & Jaipur

United Bank of India

Axis Bank

Indusind Bank

Dena Bank

State Bank of Patiala

Bank of Maharashtra

State Bank of Travancore

Karur Vysya Bank

Central Bank of India

Infrastructure Development Finance Company Ltd.

Indian Renewable Energy Development Agency Ltd.

ICICI Bank, Hong Kong Branch

State Bank of India

ICICI Bank Limited

ING Vysya Bank

REGISTRAR & SHARE TRANSFER AGENTS

Maheshwari Datamatics Pvt. Ltd

6 Mangoe lane, 2nd Floor,

Kolkata - 700001

Tel: + 91 33 22482248/22435029;

Fax: +91 33 2248 4787

Email: mdpl@cal.vsnl.net.in

46C, Chowringhee Road, ‘Everest House’, Room No. 15B, 15th Floor, Kolkata - 700071Website: www.reiagro.com

Takingour brands

to thenext level

A N N UA L R E P O R T 2 0 1 0 - 1 1