26.04.2016
Name of Director Designation
Mr. Sudip Mishra Non‐Executive Director
Mr. Naveen Kumar Non‐Executive Director
The Board of Directors met four times during the financial year ended March 31, 2016 in
accordance with the provisions of the Companies Act, 2013 and rules made thereunder.
The dates on which the Board of Directors met during the financial year under review
are as under:
Sr. No Date of Board Meeting
1. April 27, 2015
2. August 12, 2015
3. December 07, 2015
4. March 15, 2016
14. Directors’ Responsibility Statement
Pursuant to the requirement under Section 134 (5) of the Companies Act, 2013 with
respect to Directors’ Responsibility Statement, it is hereby confirmed:
(a) that in preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
(b) that 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 of the Company for the year under review;
(c) that the directors had 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) that the directors had prepared the annual accounts for the year under review, on a
‘going concern’ basis
(e) that 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.
15. Auditors
The observations made by the Statutory Auditors in their report for the financial year
ended March 31, 2016 read with the explanatory notes therein are self‐explanatory