The Management is responsible for establishing & maintaining internal controls for financial reporting. The Statutory Auditors have evaluated the system of internal controls of the Company and also reviewed their effectiveness and have reported that the same are adequate & commensurate with the size of the Company and the nature of its business. They have also reviewed the internal controls pertaining to financial reporting of the Company to ensure that financial statements of the Company present a true and fair view of the state of affairs of the Company. In addition, Auditors in their report have also opined that your Company has in all material respects adequate internal financial control systems over financial reporting and the same were operating effectively as on 31st March, 2022.

The information on Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo stipulated under Section 134(3) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014 are under: a. Conservation of energy: (i) the steps taken or impact on conservation of energy Company improved the vacuum at the steam run turbine linked condenser. So, steam required to produce power reduced thereby increased energy production and reduced axillary consumption. Company is producing the required steam for FES unit by installed a small boiler thereby reduced the loss of steam in the transportation and used the steam for the power generation which in turn conserved energy. From these, Annualized power savings will be in the tune of 1519 MW. On water conservation, company harvested the rainwater in the tune of 1.6 Mn m3 and consumed in plant wherever possible instead of Raw Water. Also, company took few initiatives to conserve water based on 3R quality tool which was the major milestone in water conservation. Few important ideas implemented are listed below: 1. Boiler & cooling tower blowdown water was isolated from the coal sprinkling circuit and utilized based on their quality instead of fresh water. 2. Bromine #2 plant condensate water diverted to Boiler and modification was also made to utilize the water in Cogen cooling tower during contamination of water during abnormality in the plant. 3. Fes plant tower flushing water was minimized by having additional flush water pond to reuse the flushed water (ii) the steps taken by the company for utilizing alternate sources of energy. Company is in discussion with solar energy system providers for installation of solar panels in the factory. Also company had took approval for connecting the plant with grid line which will help us to utilize power from grid and also power trading can be done with renewable power production units, which is the primary focus of the company (iii) the capital investment on energy conservation equipment's NIL

(i) the effort made towards technology absorption NIL (ii) the benefits derived like product improvement cost reduction product development or import substitution NIL (iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year) and its details NIL (iv) the expenditure incurred on Research and Development NIL

c. Foreign exchange earnings and outgo: (Amount in ? Lakhs) Particulars Financial Year ended 31st March 2022 Financial Year ended 31st March 2021 Foreign Exchange Earnings 79488.00 51,490.09 Foreign Exchange Outgo 8113.00 7,394.62

During the year under review, your Directors have been entrusted with the responsibility of: (a) Overseeing and approving the Company’s enterprise wide risk management framework; and (b) Overseeing that all the risks that the organisation faces such as strategic, financial, credit, market, security, property, IT, legal, regulatory, reputational and other risks have been identified and assessed and there is an adequate risk management infrastructure in place capable of addressing those risks. Your Company manages monitors and reports on the principal risks and uncertainties that can impact its ability to achieve its strategic objectives. The Company’s management system, organizational structures, processes, standards, code of conduct governs how the Company conducts business and manages associated risks.