AFFLUENCE

The foreign Exchange earned by the Company in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows is given herein below: (Rs. in Lakhs) Particulars 2019-2020 2018-2019 Total Foreign Exchange Outgo 22,373.20 24,411.45 Total Foreign Exchange Earnings 18,971.45 15,205.35

Pursuant to requirement under Section 134(3)(c) of the Companies Act, 2013 (Act), Directors, confirm that: (a) in the preparation of the annual accounts for the year ended on 31stMarch, 2020, the applicable accounting standards have been followed and there are no material departures from the same; (b) they have 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 as at 31stMarch, 2020 and of the Profit of the Company for the year ended on that date; (c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (d) they have prepared the annual accounts on a going concern basis; (e) Internal financial controls which are to be followed by the Company have been laid down and that such internal financial controls are adequate and were operating effectively; and (f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.