AFFLUENCE

Being in service sector, the particulars relating to conservation of energy, technology absorption as required to be disclosed under the Act are not applicable to the Company.

As per Directors Report enclosed in Directors Report EXPLANATORY Text Block

Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that: a. in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; b. the directors had selected such accounting policies and applied them 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 and of the profit and loss of the Company for that period; c. the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d. the directors had prepared the annual accounts on a going concern basis; and e. the directors, had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively. f. the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Total foreign exchange earned (accrual basis) by the Company during the year under review was INR 36,04,72,002 as compared to INR 53,54,11,220 during the previous financial year 2018-19. Total foreign exchange expenditure incurred (accrual basis) by the Company during the year under review was INR 2,79,43,61,398 as compared to INR 1,809,376,662 during the previous financial year 2018-19.