AFFLUENCE

On behalf of the Board of Directors, it is our pleasure to present the 33rd Annual report together with the Audited Statement of Accounts of Teesta Agro Industries Limited (“the company”) for the year ended on 31st March, 2019.

Particular of Conservation of energy, technology absorption, foreign exchange earnings and outgo: Your company has directed its efforts to reduce energy costs by focusing on energy savings through the best optimization of operations on day to day basis. The company has used fuels in appropriate mix to attain maximum savings. As required under Companies (Accounts) Rules 2014, the particulars of energy conservation, Technology, Absorption and Foreign Exchange Earnings and outgo is given in the prescribed format as an Annexure to the Report and marked as Annexure-III.

Particular of Conservation of energy, technology absorption,Your company has directed its efforts to reduce energy costs by focusing on energy savings through the best optimization of operations on day to day basis. The company has used fuels in appropriate mix to attain maximum savings. As required under Companies (Accounts) Rules 2014, the particulars of energy conservation, Technology, Absorption

Particular of Conservation of foreign exchange earnings and outgo:Your company has directed its efforts to reduce energy costs by focusing on energy savings through the best optimization of operations on day to day basis. The company has used fuels in appropriate mix to attain maximum savings. As required under Companies (Accounts) Rules 2014, the particulars of Foreign Exchange Earnings and outgo is given in the prescribed format as an Annexure to the Report and marked as Annexure-III.

Directors’ Responsibility Statement: Pursuant to the requirement under section 134(3) (c)of the Companies Act, 2013 with respect to Directors’ Responsibility Statement, it is hereby confirmed that: (i) in the preparation of the annual accounts for the financial year ended 31st March, 2019, the applicable accounting standards had been followed along with proper explanation relating to material departures; (ii) the directors had 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, 2019 and of the profit and loss of the company for that period; (iii) the Directors had 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; (iv) the Directors had prepared the annual accounts on a going concern basis; and (vi) theDirectors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.