AFFLUENCE

FINANCIAL RESULTS (Rs in lakhs) Particulars Financial Year 2017-18 Financial Year 2016-17 Revenue from Operations 429.26 561.83 Profit for the Year before Interest, Depreciation & Tax 146.88 106.90 Interest 50.49 59.91 Depreciation 104.46 101.02 Profit / (Loss) Before Taxation (8.07) (54.04) Provision for Tax - 3.28 Income Tax adjustments 3.28 - Gratuity /Leave Provisions - - Provision for Tax-Deferred Tax (59.21) 17.29 Net Profit / (Loss) for the Year (64.05) (36.10) Balance of Profit for the Previous Year 95.34 131.45 Balance available for appropriation 31.29 95.34 Additional Depreciation - - Balance carried forward to next year 31.29 95.34

Information in accordance with the provisions of Section 134(3)(m) of the Companies Act, 2013, read with rule 8(3) of the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption are not required to be given as the operation of unit has been closed since the year 2012. There is no foreign exchange earnings and outgo during the year under review. The Company has not undertaken any Research & Development¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬ activities during the year under review.

Information in accordance with the provisions of Section 134(3)(m) of the Companies Act, 2013, read with rule 8(3) of the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption are not required to be given as the operation of unit has been closed since the year 2012. There is no foreign exchange earnings and outgo during the year under review. The Company has not undertaken any Research & Development activities during the year under review.

Information in accordance with the provisions of Section 134(3)(m) of the Companies Act, 2013, read with rule 8(3) of the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption are not required to be given as the operation of unit has been closed since the year 2012. There is no foreign exchange earnings and outgo during the year under review. The Company has not undertaken any Research & Development activities during the year under review.

DIRECTORS' RESPONSIBILITY STATEMENT As required by Section 134(3) (c) & 134 (5) of the Companies Act, 2013 your Directors state that: (a) in the preparation of the annual accounts for the year ended 31st March, 2018, the applicable accounting standards have been followed with proper explanation relating to material departures, if any; (b) the accounting policies adopted in the preparation of the annual accounts have been Selected and applied consistently except as otherwise stated in the Notes to Financial Statements and reasonable and prudent judgments and estimates have been made so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year 2017-18 and of the profit for the year ended 31st March, 2018; (c) proper and sufficient care has been taken 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 annual accounts for the year ended 31st March, 2018, have been prepared on a going concern basis. (e) proper internal financial controls were in place and that the internal financial controls were adequate and were operating effectively. (f) proper systems to ensure compliance with the provisions of all applicable laws were in Place and were adequate and operating effectively.