AFFLUENCE

STATE OF COMPANY'S AFFAIRS i Segment-wise position of business and its operations During the financial year ended as on 31st March, 2018, the Company recorded a total revenue of 95.20 Millions (Previous financial year 94.23 Millions) and recorded net loss (after considering an amount towards depreciation in accordance with provisions of Schedule II of the Companies Act, 2013) of 25.69Millions (Previous Year loss of 161.63Millions). ii Change in status of the company No change in status of the Company iii Key business developments 1. The Scheme of Amalgamation for merger with Ritemed Pharma Retail Private Limited (Wholly Owned Subsidiary) approved by the members of the Company at the Meeting held on 14th August 2018 became effective on 1st October 2018 upon filing the order dated 14th August 2018 issued by NCLT approving the Scheme of Amalgamation. Consequently, the entire undertaking of Ritemed Pharma Retail Private Limited along with all its assets and liabilities got vested on the Company with effect from the Appointed Date i.e 01.04.2016. Further, as per the clause 7 of the said Scheme, the authorised capital is increased from Rs.1,440,000,000/- to Rs. 1,730,000,000/- and the Paid up Capital of the Company is increased from Rs. 1,415,447,400/- to Rs. 1,728,247,400/- upon combination of Authorised Share Capital of Ritemed Pharma Retail Private Limited with Authorised Share Capital of the Company and the Annual Audited Financial Statements are combination of the Company and Ritemed Pharma Retail Private Limited. Since, your Company holds 100% of the Share Capital of Ritemed Pharma Retail Private Limited, the shareholding in Optival Health Solutions Private Limited has increased on account of merger of Ritemed Pharma Retail Private Limited with Optival Health Solutions Private Limited.

The Corporation is taking due care for using electricity in the office and its branches. The Corporation usually takes care for optimum utilization of energy. No capital investment on energy Conservation equipment made during the financial year.

DIRECTORS' RESPONSIBILITY STATEMENT Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms 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) Company being an listed/unlisted company, the said para is applicable and complied accordingly / not applicable. (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.