AFFLUENCE

The Company has achieved a total income of Rs. 3779.21 Crore during the year as against Rs. 4817.57 Crore in the previous year on Standalone basis and Consolidated basis. The net loss after tax of the Company for the year is Rs. 167.78 Crore as against profit of Rs. 346.23 Crore in the previous year on Standalone basis and Rs.167.78 Crore as against profit of Rs. 306.94 Crore in the previous year on Consolidated basis. Further, total Comprehensive loss for the year is Rs. 167.02 Crore as against Income of Rs. 263.43 Crore in the previous year on Standalone basis and Rs. 167.02 Crore as against Income of Rs. 209.22 Crore in the previous year on Consolidated basis.

During the year under review, the information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under section 134(3)(m) of the Act, is enclosed as Annexure IV.

During the year under review, the information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under section 134(3)(m) of the Act, is enclosed as Annexure IV.

During the year under review, the information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under section 134(3)(m) of the Act, is enclosed as Annexure IV.

Pursuant to the provisions of Section 134 (5) of the Act, the Board of Directors of the Company hereby state and confirm that to the best of our knowledge and belief: a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any; b) The Directors 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 at the end of the FY and of the loss of the company for that period; c) The Directors 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) The Directors have prepared the annual accounts on a going concern basis; and e) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.