The Company is engaged in the business to provide logistics, FTL service and delivery solutions to consumers and a wide range of businesses, to provide logistics means, option, and facilities to all kind of business houses, corporates on contract or otherwise.

(A) Conservation of energy- Company does not use industrial power for its operations, therefore conservation measures were not required, though company is committed to utilize electricity in its premises and fuel as efficiently as possible.

Technology absorption- I. The efforts made towards technology absorption and the benefits derived like product improvement, cost reduction, product development or import substitution and the in house custom built IT application for managing our transportation and fulfilment business as under: 1. Mobile apps for field executives for real time tracking and to capture updates on the field 2. Deployed sortation systems across major hubs to automate the inbound and sorting of shipments 3. Data sciences team has been setup to work on various models to optimize the core transportation network, customer address validation and reverse geocoding, customer / vendor / client scoring and fraud detection algorithms II. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year) - NIL a) the details of technology imported; b) the year of import; c) whether the technology been fully absorbed; d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and III. The expenditure incurred on Research and Development: no such expenditure was incurred during the year under review.

Foreign Exchange Earnings and Outgo: The Company’s foreign exchange outgo has increased to Rs. 207,011,214/- as compared to last year’s expenditure which was Rs. 82,018,066/-.

Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that- 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 profit and 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.