| Description of state of companies affair Your Company is engaged in the business of manufacturing, packaging, distribution, marketing and sale of mattresses, pillows, comforters etc. of the company has incurred a loss of Rs. 145,68,00,00/-/- for the F.Y. 2021-22 (Previous Year loss of Rs. (106,52,00,00/-). Encouraged with the performance, your company continues to focus its attention on rendering similar services during the years to come. Details regarding energy conservationThere are no matters to be reported under this head as the company is not engaged in power-intensive activities and hence not applicable to this company. Details regarding technology absorptionThere are no matters to be reported under this head as the company is not entered into any technical collaboration agreements. Details regarding foreign exchange earnings and outgoParticulars Financial Year ending for the Financial Year ending for the current reporting period (Rs. In lakhs) previous reporting period (Rs. In lakhs) Foreign Exchange Earnings - - Foreign Exchange Expenditures 1,158.4 11965.00 Disclosures in director’s responsibility statement18. DIRECTOR’S RESPONSIBILITY STATEMENT: To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3) (c) and Section 134(5) of the Companies Act, 2013: a) That in preparation of the accounts for the financial year ended 31st March 2023, the applicable accounting standards have been followed along with proper explanation relating to material departures; b) That such accounting policies as mentioned in “Policy” of the Notes to the Financial Statements have been selected and applied consistently and judgment and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2023 and of the loss of the Company for the year ended on that date; c) That proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; d) That the annual financial statements have been prepared on a going concern basis; e) That systems to ensure compliance with the provisions of all applicable laws and that such systems were in place and were adequate and operating effectively. |