The Directors have pleasure in Presenting their 22nd Annual Report of the Company together with the Audited Annual Accounts of your company for the financial year ended 31st March, 2014.

Financial results:

                                                        (Rs. In Lakhs)

PARTICULARS                                       2013-14      2012-13

Income from Sales                                 4816.87      7847.89

Increase in stock                                (305.50)       204.89

Total Income                                      4511.37      8052.78

Total Expenditure                                 4352.00      7104.84

Profit/(Loss) before tax and Provisions            159.37       947.94

Provisions for Fringe Benefit Tax                       0            0

Deferred Tax Liability                             (0.55)       (0.55)

Profit for the year                                156.78       944.73

Results from Operations:

During the year under review, your Company made a Turnover of Rs. 4816.87 lakhs as against Rs. 7847.89lakhs and gained a profit of Rs. 156.78 lakhs as against a Profit of Rs.944.73 Lakhs for the Previous Year.

Share Capital:

The Paid-up Share Capital of your Company stands at Rs. 8,99,61000/- (Eight crores ninety nine lakhs sixty one thousand only) as on 31st March, 2014.

Management Discussion & Analysis:

Pursuant to Clause 49 of the Listing Agreement with the Stock exchanges, the Management Discussion and Analysis report are annexed to this Report and forms part of this Annual Report.

Deposits:

Your Company has not accepted any Deposits from the Public during the year Pursuant to Section 58A of the Companies Act, 1956.

Directors:

The Board of Directors proposes to appoint all the existing Independent Directors i.e., Shri Rambabu Rupakula and Mr. Sagi Venkata Vanshi Krishna under Section 149 of the Companies Act 2014 so that they can act as Independent Directors of the Company for Two terms of 5 years each from the ensuring Annual General Meeting.

Dividend:

The Company has made profit during the year, however to conserve resources required for future plans in the coming years, your Directors do not recommend payment of dividend on the equity shares.

Corporate Governance:

As required by clause 49 of the Listing Agreements, a separate section containing the Report on Corporate Governance together with the Certificate on the compliance with the conditions of corporate Governance issued by Practicing Chartered Accountants are appended hereto and they form part of this Annual Report.

Auditors:

The Auditors i.e. Hari Vara Prasad & Associates, Chartered Accountants, have expressed their unwillingness to continue in office from the conclusion of this Annual General Meeting.

M/s. Nalini & Murali Chartered Accountants, Hyderabad have expressed their willingness to continue in office from the conclusion of this Annual General Meeting until the conclusion of this next Annual General Meeting at a remuneration be fixed by the Board of Directors.

Director's Responsibility Statement:

Pursuant to the requirements under section 217(2AA) of the Companies Act, 1956 with respect to the Directors Responsibility Statement, it is hereby confirmed:

(i) That in the preparation of the annual accounts for the financial year ended 31st March, 2014, the applicable accounting standards have been followed along with proper explanation relating to material departures;

(ii) Appropriate accounting policies have been selected and applied 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 i.e., 31st March, 2014 and of the profits of the Company for that period.

(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting record in accordance with provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(iv) The Directors have prepared the Accounts for the financial year ended on 31st March, 2014 on a going concern basis.

Employees:

Your Company has no employee whose remuneration exceeds the limits prescribed Under section 217(2A) of the Companies Act, 1956. Hence the Information required under the said section, read with the Companies (Particulars of the Employees) Rules, 1975, has not been given in the Report.

                           For and on behalf of the Board of Directors
                                          M/s Genera Agri Corp Limited

                             (M. Rajesh Naidu)    R. Ramakrishnam Raju
                             Managing Director                Director
                               (DIN- 01920908)          (DIN-05351859)