AFFLUENCE

During the year under review your Company has achieved a revenue of Rs. 1,84,62,28,594 /- as compared to turnover of Rs.75,67,38,050 in previous year. The total expenses of the Company during the reporting period have increased to Rs. 1,84,42,52,793 from Rs. 77,36,59,232/- (in lakhs) in the previous year. During the year under review, the profit/loss before tax is Rs. 19,75,800 as compared to loss before tax of Rs.( 1,69,21,182) /- during the previous year

A. ENERGY CONSERVATION: 1. The steps taken or impact on conservation of energy: Your Company is in the service industry and not having any manufacturing activity. Your Company has always considered energy and natural resource conservation as a focus area and has been consciously making efforts towards its conservation. Even though the operations of the Company are not energy intensive, the Company on continuous basis takes measures for conservation of power. Your Company has taken several sustainable steps voluntarily to contribute towards better environment. Select few steps are listed below: a) Use of natural Lightning and natural ventilation b) Use of energy efficient electric equipment c) Educating employees and workers for energy conservation 2. The steps taken by the Company for utilising Alternate Sources of Energy: The Company is using electricity as main source of its energy requirement and does not have any alternate source of energy. 3. The capital investment on energy conservation equipment's: For the year under review, there was no investment in energy conservation equipment's.

B. TECHNOLOGY ABSORPTION: 1. The efforts made towards technology absorption: The Company evaluates the best available technology for improving its performance and quality of its service operations. 2. The benefits derived like product improvement, cost reduction, product development or import substitution: The Company has not absorbed/made any new technology during the year. 3. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year): No technology was imported during the three years proceeding to the year under report. 4. Expenditure incurred on Research and Development: Nil

C. FOREIGN EXCHANGE EARNINGS AND OUTGO: The total Foreign Exchange Earning and Outgo in terms of actual inflow and out flow during the year was as follows: Particulars Financial year 2022-23 Financial year 2021-2022 Foreign Exchange inflow Nil Nil Foreign Exchange outflow 2.51 3.43

20. DIRECTORS' RESPONSIBILITY STATEMENT: As stipulated under section 134(3)(c) read with Section 134(5) of the Companies Act, 2013, your Directors hereby state and confirm that: a) In preparation of the annual accounts for the financial year ended March 31, 2023, 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 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 March 31, 2023 and of the profit and loss of the Company for the year ended on that date; c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 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; e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively during the financial year ended March 31, 2023; and f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws, compliance of applicable secretarial standards and that such systems were adequate and operating effectively during the financial year ended March 31, 2023. Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the Internal, Statutory and Secretarial Auditors and external consultants, including the audit of internal financial controls over financial reporting by the Statutory Auditors, and the reviews performed by the Management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion that the Company's internal financial controls were adequate and effective during the year under review.