Although total revenue from operations has decreased by 50.05% to Rs. 1,98,49,442/-, the other income has increased from 6.32 lakhs to Rs. 11.16 lakhs.

Conservation of energy, technology absorption and foreign exchange earnings and outgo   The Information Regarding Conservation of Energy & Technology Absorption is provided for in Annexure II Annexure II   Conservation of Energy   The Management is aware of the importance of energy conservation and reviews of the measures taken for reduction in the consumption of energy from time to time   Technology absorption is reported to be Not Applicable                                                           By Order of the board of Directors                                                 For Mahalaxmi Seamless Limited           Place:  Mumbai                ______________________      _________________________ Date:  29th May, 2019     Vivek Madhavprasad Jalan     Madhavprasad Govindram Jalan                                           Wholetime Director                  Managing Director       DIN: 00114795                           DIN: 0021723  

Foreign Exchange Earnings and Outgo:     Amount (In lakhs)       Total Foreign Exchange Inflow -   Total Foreign Exchange outflow -  

Foreign Exchange Earnings and Outgo:     Amount (In lakhs)       Total Foreign Exchange Inflow -   Total Foreign Exchange outflow -  

In terms of the provisions of Section 134 (3) (c) and 134 (5) of the Companies Act, 2013, and to the best of their knowledge and belief and according to the information and explanations obtained by them and same as mentioned elsewhere in this   Report, the attached Annual Accounts and the Auditors’ Report thereon, your Directors confirm that:   (i)   in the preparation of the annual accounts, the applicable accounting standards have been followed and that there are no material departures;   (ii)    they 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;   (iii)   they 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;   (iv)  they have prepared the annual accounts on a going concern basis;   (v)   they have laid down internal financial control to be followed by the Company and that such internal financial controls are adequate and are operating effectively;   (vi)  They have devised proper systems to ensure compliance with the provision of all applicable laws and that such systems are adequate and operating effectively.