AFFLUENCE

B. RESEARCH AND DEVELOPMENT: 1. SPECIFIC AREAS IN WHICH R & D WORK HAVE BEEN CARRIED OUT BY THE COMPANY: R &D work have been carried out in manufacturing of energy meters, testing the existing products. • Manufacturing of energy Meters as per international trends and standards are the areas in which general research and development work pertaining to the manufacturing process is carried out by the Company. • Testing and Certification of existing products as per the International standard. 2. BENEFITS DERIVED AS THE RESULT OF ABOVE R&D: • R &D efforts taken helped company in existing product improvement There by helping to improve the financial performance. • R&D efforts also helped company to remain cost effective in existing Products. 3. FUTURE PLANS OF ACTIONS: • Development of new range of specialty/high performance products. • Continuation of present work in R & D for introduction of new products & process. • Development of system and equipment to aid in cost effective manufacturing. 4. EXPENDITURE ON R&D: Current year Previous year (i) Capital : 2519901 3733088 (ii) Recurring : 67368318 60025100 (iii) Total : 69888219 63758188

C. TECHNOLOGY ABSORPTION, ADOPTION AND INNOVATION: 1. EFFORTS IN BRIEF MADE TOWARDS THE ABOVE • Products and process developed through in-house R&D have been internally absorb by manufacturing units . • Participating in National/International conference, seminars and exhibitions. • Hire the world leaders in technologies to learn. 2. Benefits derived as a result of above efforts • Improvement in manufacturing/production process. • Better quality and reduction in cost.

Your Directors have recommended a dividend of 1% for the financial year ended 31.03.2013, subject to the declaration by shareholders at the ensuing Annual General Meeting.The proposed Dividend will absorb Rs. 18,57,168/- (Excluding Corporate Dividend Tax).

DIRECTORS RESPONSIBILITY STATEMENTS: As required under section 217(2AA) of Companies act 1956, your Directors confirm that ? Appropriate and applicable accounting standard are been used in preparing Annual Accounts of the company. ? Proper and sufficient care is been taken to maintain adequate accounting records of company in accordance with the provision of Companies act 1956, to safeguarding the asset of the company and for preventing and detecting errors and fraud. ? Appropriate accounting polices had been selected by the directors after consulting Statutory Auditors 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 financial year as on 31st March, 2014 and of the profit of the Company for that period. ? Annual accounts have been prepared on going concern basis.

all the necessary information have been given in the board report.

S.No. Name Designation & (Age) Remuneration (In INR) 1. Mr. Lalit Seth Director (67) 375.91 Lakh 2. Mr. Rishi Seth Director (43) 157.16 Lakh 3. Mr. Gautam Seth Director (41) 157.16 Lakh 4. Mr. Chandra Prakash Jain Director (53) 98.47 Lakh

All the companies affair have been properly executed.

A. CONSERVATION OF ENERGY: Keeping with the company’s commitment to be an environmentally responsible entity, the company makes continuous efforts towards conservation Of energy. Your company is not an energy intensive unit, however regular efforts have been taken to conserve energy by using different controls and devices. The company is using power mainly for running of machines. i) ENERGY CONSERVATION MEASURES TAKEN: • The Company continues to adopt energy efficient practices in its operations and implement proposal arising out of regular energy audits. • By optimized uses of plant & machinery , decrease the percentage of energy consumption from total cost. • Minimized idle running of the equipment likes AC’S and other equipment. • Created awareness amongst all employees that energy is to be treated as precious resources. ii) ADDITIONAL INVESTMENT MADE FOR REDUCTION OF ENERGY CONSUMPTION There are not such requirements but the continuous efforts are always being taken to conserve energy to the extent possible. iii) IMPACT OF MEASURES AT (a) AND (b) ABOVE FOR REDUCTION OF ENERGY CONSUMPTION AND CONSEQUENT IMPACT ON THE COST OF PRODUCTION OF GOODS The Company is not an energy intensive unit, so the energy saving has no appreciable impact on cost of goods.

D. FOREIGN EXCHANGE EARNING AND OUTGO: CURRENT PREVIOUS(INR) TOTAL FOREIGN EXCHANGE EARNED 216358275 177014214 TOTAL FOREIGN EXCHANGE USED 4794887 2862102