AFFLUENCE

Financial Overview During the current financial year On Consolidated basis, your Company has registered a total income of Rs.1,21,714 lakhs, a growth of 39.97% as compared to the previous year. The profit after tax was Rs. 999 lakhs as against the Profit of Rs.623 lakhs as reported in the previous year. On Standalone basis, your Company has registered a total income of Rs.1,15,740 lakhs, a growth of 37.62% as compared to the previous year. The profit after tax was Rs.2,424 lakhs as against the Profit of Rs.1,568 lakhs as reported in the previous year.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo required to be disclosed under Section 134(3) of the Companies Act, 2013, read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided in the Annexure ‘A’ forming part of this Report.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo required to be disclosed under Section 134(3) of the Companies Act, 2013, read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided in the Annexure ‘A’ forming part of this Report.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo required to be disclosed under Section 134(3) of the Companies Act, 2013, read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided in the Annexure ‘A’ forming part of this Report.

Pursuant to the requirement under Section 134(5) of the Companies Act, 2013, with respect to Directors’ Responsibility Statement, your directors hereby confirm that: a) In the preparation of the annual accounts for the financial year ended 31st March, 2023, the applicable accounting standards have been followed along with proper explanation relating to material departures, wherever applicable; b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 or loss of the Company for the year under review; c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) The directors have prepared the annual accounts for the financial year ended 31st March, 2023 has been prepared on a ‘going concern’ basis; e) the directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively; and 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.