State of Company’s Affairs and Future Outlook The Company is primarily engaged in the manufacturing and trading of readymade garments being ethnic and celebration wear for males and females via its in-house brands viz. ‘Manyavar’, ‘Mohey’, ‘Mebaz’, ‘Manu’ and ‘Manthan’.   The Company is in the process of expansion in foreign countries and will increase its business through export in various part of the world. During financial year ended 31st March, 2019, the Company witnessed a steady growth in revenue as well as profits.   Your Company continues to draw strength from continued improvement in financial performance. The Board is extremely positive about the future growth and expects to sustain or even outnumber the current growth rate in the next financial years to come.   There were no changes in the nature of business of the Company during the year under review.

(A) Conservation of energy- (i) the steps taken or impact on conservation of energy: NA (ii) the steps taken by the company for utilising alternate sources of energy : NA (iii) the capital investment on energy conservation equipment : There has been no significant investment on this.

(B) Technology absorption- (i) the efforts made towards technology absorption: NA (ii) the benefits derived like product improvement, cost reduction, product development or import substitution : NA (iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year) : NA (a) the details of technology imported : NA (b) the year of import : NA (c) whether the technology been fully absorbed: NA (d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof : NA (iv) the expenditure incurred on Research and Development : NA

§  Foreign Exchange Earnings / Outgo: Earnings Rs. 985.05 lakhs Outgo Rs. 5.25 lakhs

Directors’ Responsibility Statement In accordance with the provisions of Section 134(5) of the Companies Act 2013, your Directors confirm that:   a) in the preparation of the annual accounts for the financial year ended 31st March, 2019, the applicable INDAS have been followed and there are no notable 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 as at 31st March, 2019 and of the profit of the Company for that period;   c) the directors have 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;   d) the directors have prepared the annual accounts on a going concern basis; and   e) the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. This has been done by identifying significant laws that are applicable to the Company.