During the year under review, the Company has generated revenue from operation 7,707.26/-Millions as compare to 4,613.58/- Millions in the previous financial year and has other income of 171.68/-Millions as compare to 153.13/- Millions in the previous financial year. The Company incurred expenses during the financial year amounted to 9,551.38/- Millions as compare to 17,379.79/- Millions in the previous financial year. As a result, the company has incurred a loss of 1,672.44/- Millions as compare to 12,684.09/- Millions in the previous financial year.

(A)Conservation of Energy Steps taken / impact on conservation of energy- Since the Company is not an energy intensive industry, the particulars as prescribed under section 134(3)(m) read with sub-rule 3 or rule 8 of Companies (Accounts) Rules, 2014, are not set out in this Report of Board of Directors, Nevertheless, the Company is taking adequate steps to conserve and minimize the use of energy wherever it is possible. (i) Steps taken by the company for utilizing alternate sources of energy including waste generated -Not Applicable (ii) Capital investment on energy conservation equipment -Not Applicable Total energy consumption and energy consumption per unit of production as per Form A- Not Applicable

Efforts in brief, made towards technology absorption, adaptation and innovationNot Applicable Benefits derived as a result of the above efforts, e.g. product improvement, cost reduction, product development, import substitution, etc.Not Applicable In case of imported technology (imported during the last 5 years reckoned from the beginning of the financial year), following information may be furnished: Technology importedNot Applicable Year of ImportNot Applicable Has technology been fully absorbedNot Applicable If not fully absorbed, areas where this has not taken place, reasons therefore and future plan of actionNot Applicable Expenditure incurred on Research and DevelopmentNIL

Following are the details of the Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows: SL NO.PARTICULARSRs. (In Millions) a.Total Foreign Exchanged earned i. By way of sales- ii. Other Income- b.Total Foreign Exchange used i. Import of goods- ii. Other-

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility statement: (a)in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b)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; (c)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; (d)the directors had prepared the annual accounts on a going concern basis; and (e)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.