Annual Report, 2016-17

Particulars of Employees

The information required pursuant to Section 197 read with

Rule 5(2) of the Companies (Appointment and Remuneration

of Managerial Personnel) Rules, 2014 in respect of employees

of the Company is attached as Annexure- 8 to the Directors

Report.

Deposits

The Company did not invite/accept any deposit within the

meaning of Section 73 of the Companies Act, 2013, and the

rules made thereunder.

Significant and material orders passed by

the regulators or courts

There is no significant and material order passed by the

regulators or courts or tribunals impacting the going concern

status and the Company’s operations in future.

Cautionary Statement

Statements in this “Director’s Report”&“ManagementDiscussion

and Analysis” describing the Company’s objectives, projections,

estimates, expectations or predictions may be forward looking

statements within the meaning of applicable securities laws

and regulations. Actual results could differ materially from

those expressed or implied. Important factors that could make

difference to the Company’s operations including raw material/

fuel availability and its prices, cyclical demand and pricing in

the Company’s principle markets, changes in the Government

regulations, tax regimes, economic developments within India

and the Countries in which the Company conducts business and

other ancillary factors.

Appreciation and Acknowledgement

The 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.

Your directors would also like to record its appreciation for the

support and cooperation your Company has been receiving from

its suppliers, dealers, business partners and other associated

with the Company.

Your directors place on record their sincere appreciation to

the employees at all levels for their hard work, dedication and

commitment. The enthusiasm and unstinting efforts of the

employees have enabled the Company to remain as industry

leader.

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

Ashok Kajaria

Place: New Delhi

Chairman & Managing Director

Date: 15th May, 2017

DIN: 00273877

039

ANNUAL

REPORT

16-17

KAJARIA

CERAMICS

CORPORATE

OVERVIEW

MANAGEMENT

REPORTS

FINANCIAL

STATEMENTS