AFFLUENCE

The operations of the Company reflected the sentiment of the industry in which your Company operates with sales registering a growth over that of the previous financial year. The Company recorded a total income (net) of Rs. 4,626.97 million in the year under review as against a total income (net) of Rs. 3,967.30 million in the immediately preceding financial year with the profit before tax of Rs. 630.85 million in the current financial year.

A. Conservation of Energy (a) Energy Conservation Measures Taken: New measures for conservation of energy are being experimented. (b) Additional Investments and Proposals for Reduction of Consumption of Energy: Plant efficiency has been increased to reduce power consumption. (c) Impact of the above measures: The above measures has reduced energy consumption and will eliminate energy wastage. (d) Total energy consumption and energy consumption per unit of production - Not applicable

(e) Efforts made in technology absorption are given in Form B

C. Foreign Exchange Earnings and Outgo: (f) Activities relating to Export- The Company has incorporated wholly owned subsidiaries in South America & Australia to increase its presence in export market. (g) Total Foreign Exchange used and earned- No disclosure requirement under IndAS

DIRECTORS' RESPONSIBILITY STATEMENT Your Directors state that: a) in the preparation of the annual accounts for the year ended March 31, 2019, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same; 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, 2019 and of the profit of the Company for the year ended on that date; c) the Directors have taken proper and sufficient care 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; d) the Directors have prepared the annual accounts on a 'going concern' basis; e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively. g) the financial statements have been audited by Messrs. Price Waterhouse & Co. Bangalore LLP, Chartered Accountants, Kolkata , the Statutory Auditor and their report is appended hereto.