AFFLUENCE

OPERATIONS & OUTLOOK During the year under review, your Company achieved a revenue from operations of Rs.2,73,794 Lakhs as compared to Rs. 2,49,945 Lakhs in the previous year (an increase of about 9.54 %). The profit before tax for the year stood at Rs.18,033 lakhs as compared to Rs. 15,775 lakhs in the previous year.  

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO: The particulars relating to energy conservation, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under section 134 of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are appended as Annexure D to the report and forms part of this Report. Annexure D to Directors’ Report   ADDITIONAL INFORMATION AS REQUIRED IN TERMS OF THE PROVISIONS OF SECTION 134(3)(m) OF THE COMPANIES ACT, 2013 READ WITH RULE 8 OF THE COMPANIES (ACCOUNTS) RULES, 2013 AND FORMING PART OF THE DIRECTORS' REPORT FOR THE YEAR ENDED MARCH 31, 2021.   CONSERVATION OF ENERGY   Your company is committed to optimize consumption of energy in the manufacturing and non-manufacturing activities. Its state-of-art machinery is energy efficient. The best practices include attitude building on energy conservation in the interest of the nation. We believe that power saved is available for others who equally need it.   PRODUCT APPROVALS   During the year factory has worked with marketing for the upcoming potential requirements and have successfully been granted with following product approvals   Waghodia   1. Irrigation cables to UL standards for the USA and Canadian Markets 2. Approvals of RDSO for Signaling cable used in railway signals, points, track circuits, block instruments 3. Factory inspection and approvals for Halogen free cables to IS 17048 4. Additional colors of solar cables with TUV approval to EN 50618   Silvassa   1. Factory inspection and approvals for Halogen free cables to IS 17048   CUSTOMER APPROVALS   With the kind of infrastructure set up and product range, the factory at Waghodia has been approved by power utility company CESCOM, BESCOM for power cables Airport Authority of India for PVC insulated copper wires.   R&D   Continuously working to expand our customer base with specific application cables, the company has been working to provide right solutions.   Waghodia   1. Pendant Cables for Cranes 2. Cables for Airfield Lighting 3. Power cables for Variable Frequency Drives 4. CCSX cable (AAAC Dog conductor with XLPE insulation) for Overhead transmission in Railways 5. NYIFY in door application cables used on walls, roofs, etc 6. Development of cable for Air field Lighting Equipment with screening & semicon   Silvassa   1. High Temperature Silicon Glass fibre braided cable SiHF for Industrial application 2. CANBUS cable used for exchange of digital information, motion control networks in various applications including automotive, transport, conveyor technology, lifts and escalators, sports cameras, etc. 3. PROFIBUS cable for harsh outdoor application with UV protection, cable for communication data in automation for correct interaction between numerous devices. 4. High Temperature Silicon Multicore Braided cable for Signal Transmission in Steel, Glass and Ceramic Industries 5. Composite Data Cable for automation solution 6. Composite sensor cable for Defence application 7. Composite Braided sensor cable for distortion free Signals in Defence application 8. M12 D Screened cable developed for Ethernet and Profinet systems with data transfer speeds upto 100 Mbps. Such cables have applications in factory automation, measurements, controls, communication, food and beverages, transportation, agriculture, robotics and alternative energy. 9. Defence Equipment Wire for internal wiring of Instruments and Electronic Equipment in both Military and Industrial applications   CONSERVATION OF ENERGY   Going green is the way forward. We have worked to reduce our dependence on fossil fuel, with below mentioned endeavours.   Waghodia   1. We have replaced 116 nos. conventional type tube lights of 228W (57w x 4) with 150w LED Lights. 2. Solar plant installed at rooftop and total produced units are 1507549 out of that we have exported the 132120 units to MGVCL during the weekly off. 3. We have replaced steam generator of having 18KW load with Nitrogen plant of having 4KW load in our all 05 Nos. MMH line for online continuous annealing application. 4. We have connected VFD for 7.5KW Fan Motor in our 05 Nos. cooling tower and getting at 50% energy saving 5. Installation of energy efficient A.C motor (1PH8) of Siemens make with AC Drive for all Multi Wire Drawing and Extruder Machines   Silvassa   1. Rooftop Solar Panel installation completed and functioning from Dec 2020, capacity 250 KW has generated 104532 KWH.   WATER CONSERVATION   Our focus on usage of water for both industrial and hygiene has led us to initiate below actions for reduction and usage of water   Silvassa   1. Rainwater harvesting has been undertaken collecting 120 Lac Liters of water from terrace of buildings 2. 40 Aerators installed in taps across the plant which has resulted in significant reduction of water used

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO: The particulars relating to energy conservation, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under section 134 of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are appended as Annexure D to the report and forms part of this Report. Annexure D to Directors’ Report   ADDITIONAL INFORMATION AS REQUIRED IN TERMS OF THE PROVISIONS OF SECTION 134(3)(m) OF THE COMPANIES ACT, 2013 READ WITH RULE 8 OF THE COMPANIES (ACCOUNTS) RULES, 2013 AND FORMING PART OF THE DIRECTORS' REPORT FOR THE YEAR ENDED MARCH 31, 2021.   CONSERVATION OF ENERGY   Your company is committed to optimize consumption of energy in the manufacturing and non-manufacturing activities. Its state-of-art machinery is energy efficient. The best practices include attitude building on energy conservation in the interest of the nation. We believe that power saved is available for others who equally need it.   PRODUCT APPROVALS   During the year factory has worked with marketing for the upcoming potential requirements and have successfully been granted with following product approvals   Waghodia   1. Irrigation cables to UL standards for the USA and Canadian Markets 2. Approvals of RDSO for Signaling cable used in railway signals, points, track circuits, block instruments 3. Factory inspection and approvals for Halogen free cables to IS 17048 4. Additional colors of solar cables with TUV approval to EN 50618   Silvassa   1. Factory inspection and approvals for Halogen free cables to IS 17048   CUSTOMER APPROVALS   With the kind of infrastructure set up and product range, the factory at Waghodia has been approved by power utility company CESCOM, BESCOM for power cables Airport Authority of India for PVC insulated copper wires.   R&D   Continuously working to expand our customer base with specific application cables, the company has been working to provide right solutions.   Waghodia   1. Pendant Cables for Cranes 2. Cables for Airfield Lighting 3. Power cables for Variable Frequency Drives 4. CCSX cable (AAAC Dog conductor with XLPE insulation) for Overhead transmission in Railways 5. NYIFY in door application cables used on walls, roofs, etc 6. Development of cable for Air field Lighting Equipment with screening & semicon   Silvassa   1. High Temperature Silicon Glass fibre braided cable SiHF for Industrial application 2. CANBUS cable used for exchange of digital information, motion control networks in various applications including automotive, transport, conveyor technology, lifts and escalators, sports cameras, etc. 3. PROFIBUS cable for harsh outdoor application with UV protection, cable for communication data in automation for correct interaction between numerous devices. 4. High Temperature Silicon Multicore Braided cable for Signal Transmission in Steel, Glass and Ceramic Industries 5. Composite Data Cable for automation solution 6. Composite sensor cable for Defence application 7. Composite Braided sensor cable for distortion free Signals in Defence application 8. M12 D Screened cable developed for Ethernet and Profinet systems with data transfer speeds upto 100 Mbps. Such cables have applications in factory automation, measurements, controls, communication, food and beverages, transportation, agriculture, robotics and alternative energy. 9. Defence Equipment Wire for internal wiring of Instruments and Electronic Equipment in both Military and Industrial applications   CONSERVATION OF ENERGY   Going green is the way forward. We have worked to reduce our dependence on fossil fuel, with below mentioned endeavours.   Waghodia   1. We have replaced 116 nos. conventional type tube lights of 228W (57w x 4) with 150w LED Lights. 2. Solar plant installed at rooftop and total produced units are 1507549 out of that we have exported the 132120 units to MGVCL during the weekly off. 3. We have replaced steam generator of having 18KW load with Nitrogen plant of having 4KW load in our all 05 Nos. MMH line for online continuous annealing application. 4. We have connected VFD for 7.5KW Fan Motor in our 05 Nos. cooling tower and getting at 50% energy saving 5. Installation of energy efficient A.C motor (1PH8) of Siemens make with AC Drive for all Multi Wire Drawing and Extruder Machines   Silvassa   1. Rooftop Solar Panel installation completed and functioning from Dec 2020, capacity 250 KW has generated 104532 KWH.   WATER CONSERVATION   Our focus on usage of water for both industrial and hygiene has led us to initiate below actions for reduction and usage of water   Silvassa   1. Rainwater harvesting has been undertaken collecting 120 Lac Liters of water from terrace of buildings 2. 40 Aerators installed in taps across the plant which has resulted in significant reduction of water used   Your Company has incurred expenses on Research & Development at Silvassa during the financial eyar ended 31 March 2021, as follows:   (Rs. in Lacs) Particulars 2020-21 2019-20 Capital Expenditure * 41.87 22.78 Revenue Expenditure 209.43 223.45 Total 251.29 246.23    

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO: The particulars relating to energy conservation, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under section 134 of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are appended as Annexure D to the report and forms part of this Report. Annexure D to Directors’ Report   ADDITIONAL INFORMATION AS REQUIRED IN TERMS OF THE PROVISIONS OF SECTION 134(3)(m) OF THE COMPANIES ACT, 2013 READ WITH RULE 8 OF THE COMPANIES (ACCOUNTS) RULES, 2013 AND FORMING PART OF THE DIRECTORS' REPORT FOR THE YEAR ENDED MARCH 31, 2021.   FOREIGN EXCHANGE EARNING AND OUTGO (Rs. in Lacs) Particulars Year ended March 31, 2021 Year ended March 31, 2020 Earnings in Foreign currency  48,040.67 41622.77 Expenditure in foreign currency  61,927.54 81205.13  

DIRECTORS' RESPONSIBILITY STATEMENT Pursuant to the requirements of section 134(3)(c) and 134(5) of the Companies Act, 2013, your Directors confirm that: a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures; 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, 2021 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 Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) the annual accounts for the year ended on March 31, 2021 have prepared on a ‘Going Concern’ basis. e) the Directors have laid down the internal financial controls followed by the Company and that such internal financial controls are adequate and were operating effectively; and f) 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.