of the Companies Act, 1956, read with the
Companies (Particulars of Employees) Rules, 1975
as amended, the names and other particulars of
the employees are set out in the annexure to the
Directors’ Report. Having regard to the provisions
of Section 219(1)(b)(iv) of the said Act, the Annual
Report excluding the aforesaid information is
being sent to all the members of the Company
and other entitled thereto. Any member interested
in obtaining such particulars may write to the
Company Secretary at the Registered Office of the
Company.
Directors’ responsibility statement
Pursuant to Section 217 (2AA) of the Companies
Act 1956 as amended, Directors confirm that:
i) In the preparation of the annual accounts,
the applicable accounting standards have
been followed along with proper explanations
relating to material departures
ii) Appropriate accounting policies have been
selected and applied consistently and
judgments and estimates made are reasonable
and prudent so as to give a true and fair view
of the state of affairs of the Company as on
31st March 2014 and the profit and cash flow
of the Company for the period 31st March
2014.
iii) Proper and sufficient care has been taken for
the maintenance of adequate accounting
records in accordance with the provisions of
the Companies Act 1956 for safeguarding the
assets of the Company and for preventing and
detecting fraud and other irregularities.
iv) The annual accounts have been prepared on a
going concern basis.
Corporate Governance Report
The Company has complied with the Corporate
Governance requirements as stipulated under the
listing agreement with the stock exchanges. A
separate section on corporate governance, along
with a certificate from the auditors confirming
the compliance, is annexed and forms part of the
Annual Report.
Management discussion and analysis report
Management discussion and analysis on matters
related to the business performance, as stipulated
in Clause 49 of the Listing Agreement with stock
exchanges, is given as a separate section in the
Annual Report.
Conservation of energy, technology
absorption and foreign exchange earnings/
outgo
Information required under Section 217(1)
(e) of the Companies Act, 1956, read with the
Companies (disclosure on particulars in the Report
on the Board of Directors) Rules, 1988 is given in
Annexure-I and forms part of this Report.
Acknowledgment
Your Directors take this opportunity to express
their deep sense of gratitude to the banks, Central
and State governments and their departments
and the local authorities for their continued
guidance and support. We would also like to
place on record our sincere appreciation for the
commitment, dedication and hard work put in by
every member of the Kajaria family. To them goes
the credit for the Company’s achievements. And
to you, our Shareholders, we are deeply grateful
for the confidence and faith that you have always
reposed in us.
For and on behalf of the Board
Place: New Delhi
Ashok Kajaria
Date: 7th May 2014
Chairman and Managing Director
35
Annual Report 2013-14
