AFFLUENCE

Details of energy conservation, technology absorption, foreign exchange earnings and outgo required to be disclosed under Section 134 (3) of the Companies Act, 2013 read with Rule 8 of Companies (Accounts) Rules, 2014, are given in Annexure “C” forming part of this report. “Annexure-C”   Information under Section 134 (3) of the Companies Act, 2013 read with Rule 8 of Companies (Accounts) Rules, 2014 and forming part of the Director's Report for the year ending 31st March 2016.   Form – A: A)  Conservation of Energy                                                                           (in millions)                                                - Electricity Consumed during the year                                                 Rs. 29.02/-              -Total Units Consumed                                                                       3612816 KWHB)        Technology Absorption                                                                      Not Applicable

FORM – B: Form for Disclosures of Particulars With Respect to Technology Absorption:   I.          Research and Development (R & D):                                        Not Applicable II.         Technology Absorption, Adaptation and Innovation              Not Applicable

C)  Foreign Exchange Earnings and Outgo:              Earnings in foreign currency (on accrual basis)                                       (in millions) Particulars 2017-18 2016-17 FOB value of exports 663.76 1,003.33 Service and commission income 6.19 4.59 Miscellaneous Income-Technical Service 5.98 10.32 Total 675.93 1018.24                Expenditure in Foreign Currency (on accrual basis)       Particulars 2017-18 2016-17 Travel 12.60 7.43 Legal and professional fees 6.10 9.20 Salary and allowances 17.49 14.78 Other expenses (membership subscription) 0.50 0.37 Total 36.69 31.78

Your Directors wish to inform that the Audited Accounts containing Financial Statements for the financial year ended 31st March 2018 are in full conformity with the requirements of the Companies Act, 2013. Your   Directors believe that the Financial Statements reflect fairly the form and substance of transactions carried out during the year and reasonably present the Company’s financial condition and result of operations.   As stipulated in Section 134(5) of the Companies Act, 2013, Your Directors subscribe to the Directors’ Responsibility statement and confirm that:   1.                  In the preparation of the Annual Accounts, the applicable accounting standards have been followed with proper disclosure of any departure, if any;   2.                  The accounting policies have been consistently applied and reasonable, prudent judgment and estimates are made so as to give a true fair view of the state of affairs of your Company as at 31st March 2018 and of the Profit for the financial year ended 31st March 2018;   3.                  Proper and sufficient care has been taken 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;   4.                  The annual accounts of your company have been prepared on a going concern basis;   5.                   The proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.