AFFLUENCE

The total revenue income of the Company was Rs. 27,817.08 Lakhs as compared to previous year Rs. 41,207.61 Lakhs. The loss before tax is Rs. (10,977.82) Lakhs for the year, as compared to previous year loss before tax of Rs. (8,838.77) Lakhs.

Information in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo pursuant to Section 134 of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, in the manner prescribed is annexed to this report as Annexure D.   Annexure D   To The Directors’ Report                        Information as required under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014   (A) CONSERVATION OF ENERGY   Not Applicable   (B) TECHNOLOGY ABSORPTION   Nil   (C) THE EXPENDITURE INCURRED ON RESEARCH AND DEVELOPMENT   Nil   (D) FOREIGN EXCHANGE EARNINGS AND OUTGO   Foreign exchange Earned     -      Nil Foreign exchange Outgo       -       Nil

Information in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo pursuant to Section 134 of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, in the manner prescribed is annexed to this report as Annexure D. Annexure D   To The Directors’ Report                        Information as required under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014   (A) CONSERVATION OF ENERGY   Not Applicable   (B) TECHNOLOGY ABSORPTION   Nil   (C) THE EXPENDITURE INCURRED ON RESEARCH AND DEVELOPMENT   Nil   (D) FOREIGN EXCHANGE EARNINGS AND OUTGO   Foreign exchange Earned     -      Nil Foreign exchange Outgo       -       Nil

Information in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo pursuant to Section 134 of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, in the manner prescribed is annexed to this report as Annexure D. Annexure D   To The Directors Report                        Information as required under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014   (A) CONSERVATION OF ENERGY   Not Applicable   (B) TECHNOLOGY ABSORPTION   Nil   (C) THE EXPENDITURE INCURRED ON RESEARCH AND DEVELOPMENT   Nil   (D) FOREIGN EXCHANGE EARNINGS AND OUTGO   Foreign exchange Earned     -      Nil Foreign exchange Outgo       -       Nil  

To the best of their knowledge and belief and according to the information and explanations obtained by your Directors, they make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013: in the preparation of the Annual Accounts, the applicable Accounting Standards had been followed and there are no departures from the requirements of the Accounting Standards; 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 at the end of the financial year and of the loss of the Company for that period; the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; the Directors had prepared the Annual Accounts on a going concern basis; the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.