AFFLUENCE

As the plant was closed for a number of years and after major capital expenditure only a pre-operative trial run of the plant was done during the financial year 2018-19, there has been no profit or loss in the year 2018-19.The Company continues to be engaged in the business of, inter alia, cement manufacturing and commissioning of the plant has been as at 31st March, 2019. The Company does not have any subsidiary, joint venture and associate company.

Annexure - 3 PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO AND EARNINGS (A) Conservation of Energy: I. The steps taken/impact on conservation of energy- a) 90 No.s smart energy meters installed for Energy Management System to analysis electrical energy consumption to find the scope of improvement. b) Installation of VVVF drive in 650KW RMBH Fan with energy efficient motor. II. The steps taken by the Company for utilizing alternate sources of energy- a) Feasibility study has been conducted by M/s GensolSolar in April-19 to install solar power generation system in DDSPL campus. III. The capital investment on energy conservation equipment’s- a) 20 Lakhs on Energy Management System + RMBF Fan Drive with energy efficient motor. (B) Technology Absorption : NIL (C) Foreign Exchange Earnings And Outgo : NIL

Your Directors state that: (a) In preparation of the annual accounts for the year ended March 31, 2019, the applicable accounting standards have been followed and there are no material departures from the same. (b) The Directors have selected such accounting policies and applied them consistently and made judgements 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 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 frauds and other irregularities. (d) The Directors have prepared the annual accounts on a going concern basis. (e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively. (f) The Directors have devised proper system to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.