| Description of state of companies affair During the year under review, the Company, on standalone basis, achieved a total turnover of Rs. 343.80 Crores (Rs 192.86 Crores in 2020-21) on which it made Profit/ (Loss) before Tax of Rs. (214.05) Crores (Rs (269.38) Crores loss in the previous year 2020-21). After accounting for net tax provision, the Company's Net Profit/(Loss) for the year amounted to Rs. (187.66) Crores as against Rs. (199.60) Crores in previous year 2020-21). Details regarding energy conservation1) Conservation of Energy The Company has been continuously getting energy audit conducted through external agencies and installing equipments/machinery as recommended by them. This has resulted in saving of power in terms of units. Further, the Company is constantly taking effective steps to upgrade the efficiency of the existing utilities. The 2MW wind turbine installed in Jath District, Maharashtra, has completed two full years of operation and has generated 2,344,688 units in 2021-22 (2,205,053 units in the previous year 2020-21). Details regarding technology absorptionAs the Company does not have any significant manufacturing operations as such and its Hotel forms part of the service industry, particulars pertaining to technology absorption are not applicable to it. Details regarding foreign exchange earnings and outgoForeign Exchange earned during the year under review amounted to Rs. 28.20 Crores (previous year Rs. 16.12 Crores) and foreign exchange outgo was equivalent to Rs. 21.78 Crores. (previous year Rs. 21.36 Crores). Disclosures in director’s responsibility statementDIRECTORS' RESPONSIBILITY STATEMENT Pursuant to Section 134(5) of the Companies Act, 2013, the Directors based on the representations received from the management confirms 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 at the end of the financial year and of the profit of the Company for that period. (c) The Directors have taken proper and enough 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. Below is the note of Directors assessment on the Going Concern: |