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Directors Report
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RHI Clasil Ltd - (Amalgamated)
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March 2020

Description of state of companies affair

FINANCIAL RESULTS:                                                   (Amount in Rs.)   Particulars Current Year Ended 31-03-2020 Previous Year Ended 31-03-2019 Total Revenue 2,89,99,34,091             2,76,63,26,351 Total Expense 2,65,18,41,485 2,53,11,12,518 Profit before Tax 24,80,92,606 23,52,13,833 Tax expense 709,39,152 7,08,74,604 Profit after tax 17,71,53,454 16,43,39,229 EPS 9.63 8.93  

Details regarding energy conservation

The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review.          

Details regarding technology absorption

The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review.          

Details regarding foreign exchange earnings and outgo

Earnings 1,092,120,234 Outgo 27,246,113      

Disclosures in director’s responsibility statement

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, the Board of Directors of the Company do hereby confirm and declare that for the financial year ended 31st March, 2020:                           i.            in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;                                                             ii.            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 financial year and of the profit of the company for that period;                                                    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; the Directors had prepared the annual accounts on a going concern basis; and 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.