Confederation for Ayurvedic Renaissance-Keralam Limited

CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

13TH

ANNUAL REPORT

2016--2017

______

III/671-KINFRA SMALL INDUSTRIES PARK, NALUKETTU ROAD

KINFRA PARK P.O, PIN: 680309, KORATTY, THRISSUR DISTRICT, KERALA

Tele: [0480] 2735737 Fax: [0480] 2735837

E-mail:- [email protected]

Web Site: www.carekeralam.com BOARD OF DIRECTORS CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED Sri. P R Krishna Kumar (Chairman)

Sri. Kunjupanicker Anilkumar (Vice Chairman) CONTENTS Sri. Hari N Namboothiri Notice of Annual General Meeting……02 Sri. Eladath Thaikkattu Neelakandhanmooss Director’s Report………………………….05 Sri. Balachandra Das M Chandrasekharan Nair Auditor’s Report ..………………………..39

Sri. Prasad Chirathilattu Ninan Balance Sheet……………………………..47

Sri. Ajay George Varghese Statement of Profit & Loss……………..48

Sri. Michael Joseph Cash Flow Statement…………………….49

Sri. Ramanathan Devarajaiyer Note on Accounts…………………………51

Sri. Saji Kumar Sahadevan Nair Route Map to the venue of AGM………75 Sri. Kandamkulathy Pathrose Wilson Attendance Slip & Proxy form…………76 Sri. Thanikkal Joy Verghese

Sri. Janardanan Nair Muraleedharan

Sri. Sunilkumar Surendran Nair

AUDITORS

M/s. Mahadevan & Sivarajan Chartered Accountants 10/491, Anugraha, Garden Street, College Road, Palakkad – 678001

REGISTERED OFFICE

Confederation For Ayurvedic Renaissance- Keralam Limited CIN: U24233KL2004PLC017539 Kinfra Small Industries Park, Nalukettu Road, Koratty PO, Kerala – 680309 Email – [email protected] Website – www.carekeralam.com

CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED Kinfra Small Industries Park, Nalukettu Road, Koratty PO, Kerala – 680309 CIN: U24233KL2004PLC017539 Email – [email protected] , Website – www.carekeralam.com Telephone No: -0480-2735737 Fax No: - 0480-2735837

NOTICE OF 13TH ANNUAL GENERAL MEETING

Notice is hereby given that the 13th Annual General Meeting of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED will be held on Thursday, 28th September, 2017, at KINFRA Small Industries Park, Nalukettu Road, Kinfra Park Post, Koratty, Thrissur – 680309, the Registered Office of the Company at 11.30 AM, to transact the following business:

ORDINARY BUSINESS

1. To receive, consider and adopt the audited Balance Sheet as at 31st March 2017 and Profit and Loss Statement and Cash Flow Statement for the year ended as on that date, together with Auditor’s Report and Directors Report thereon.

2. To appoint a director in place of Mr. P R Krishna Kumar (DIN: 00011464), who retires by rotation and being eligible offers himself for re-appointment.

3. To appoint a director in place of Mr. Prasad Chirathilattu Ninan (DIN: 00589796), who retires by rotation and being eligible offers himself for re-appointment.

4. To appoint a director in place of Mr. Ajay George Varghese (DIN: 00715648), who retires by rotation and being eligible offers himself for re-appointment.

5. To appoint a director in place of Mr. Kunjupanicker Anilkumar (DIN: 00226353), who retires by rotation and being eligible offers himself for re-appointment.

6. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Special Resolution:

“RESOLVED THAT pursuant to the provisions of Section 139 and all other applicable provisions of the Companies Act, 2013 (the “Act”) read with Rule 3(7) of the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), the Company hereby ratifies the appointment of M/s. Mahadevan & Sivarajan (FRN: 006388S), Chartered Accountants, 10/491, Anugraha, Garden Street, College Road, Palakkad – 678 001, as the Statutory Auditor of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on such remuneration as may be determined by the Board of Directors in consultation with the said M/s. Mahadevan & Sivarajan.”

SPECIAL BUSINESS

7. To appoint Mr. Sunilkumar Surendran Nair (DIN - 01394872), as Director of the Company and if thought fit, to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to Section 152 and all other applicable provisions if any, of the Companies Act, 2013, and the Rules made thereunder (including any statutory modifications or re-enactment(s) thereof, for the time being in force) and the Articles of Association of the Company, Mr. Sunilkumar Surendran Nair (DIN: 01394872), who was appointed as Additional Director of the Company by the Board of Directors at its meeting held on 6th June, 2017 and who ceases to hold office on the date of this Annual General Meeting as per Section 161 of the Companies Act, 2013, and in respect of whom the Company has received a notice in writing under Section 160 of the Companies Act, 2013 proposing his candidature for the office of director of the Company along with the deposit of requisite amount be and is hereby appointed as the Director of the Company and the period of office of Mr. Sunilkumar Surendran Nair shall be liable to retire by rotation.”

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Sd/- Kunjupanicker Anilkumar Director (DIN: 00226353) Place: Koratty Address: Sreerangam,VIII/295 Date: 22-08-2017 Temple Road,Aluva, Kerala - 683101

Notes:

1. The Explanatory Statement pursuant to Section 102 of the Companies Act, 2013, in respect of the business set out in the notice is annexed hereto.

2. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote on a poll instead of him and such proxy need not be a member of the Company. A person can act as a proxy on behalf of the members not exceeding 50 and holding in aggregate not more than 10% of the total share capital of the company. However, a member holding more than 10% of the total share capital of the company carrying voting rights may appoint a single person as proxy and such person shall not act as proxy for any other person or member.

3. For appointing the proxy the enclosed proxy form duly filled, stamped and signed must be deposited at the Registered Office of the Company not less than 48 hours before the commencement of the meeting.

4. Proxies submitted on behalf of the companies, societies etc., must be supported by an appropriate resolution or authority, as applicable.

4. Members/Proxies should bring the Attendance Slip sent herewith, duly filled in and signed and hand over the same at the entrance of the hall for attending the meeting.

5. Members are requested to notify immediately any change in their address including e-mail address to the Registered Office of the Company.

6. Relevancy of question and the order of speakers will be decided by the Chairman. Members are requested to forward in writing to the Company any question on the Accounts, so as to reach the Registered Office one week before the date of the Annual General Meeting.

7. The route map showing the directions to reach the venue of the 13th Annual General Meeting is given in page no. ___.75.

8. Details of Directors Seeking Appointment/Re-appointment at the Annual General Meeting as per the requirements of Secretarial Standard 2 (SS-2) Attached in Page No: 79.

STATEMENT TO BE ANNEXED PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013

7. Appointment of Mr. Sunilkumar Surendran Nair (DIN - 01394872)as Director

Mr. Sunilkumar Surendran Nair was appointed as an Additional Director of the Company at the Board meeting held on 06.06.2017. As per Section 161 of the Companies Act, 2013, he will cease to hold office on the date of this Annual General Meeting. Company has received notice from him signifying his candidature as director of the Company along with cheque of Rs. 1 Lakh pursuant to Section 160 of the Companies Act, 2013. Considering his experience, ability, and benefit, which the Company will derive from the association with him, the board of directors recommends his appointment as director of the Company. Hence, these resolutions are proposed.

As per section 102(1) of the Companies Act, 2013, none of the directors of the Company are interested in the above resolution except Mr. Sunilkumar Surendran Nair, being the proposed director.

The special business transacted at the meeting of the company does not relate to or affects any other Company. So disclosure pursuant to Sec 102(2)(b) of the Companies Act, 2013 is not applicable.

As required by section 102(3) of the Companies Act, 2013, the documents with regard to the appointment shall be available for inspection at the registered office of the Company during business hours.

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Sd/- Kunjupanicker Anilkumar Director (DIN: 00226353) Place: Koratty Address: Sreerangam,VIII/295 Date: 22-08-2017 Temple Road,Aluva, Kerala - 683101

CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED Kinfra Small Industries Park, Nalukettu Road, Koratty PO, Kerala – 680 309 CIN: U24233KL2004PLC017539 Email – [email protected] , Website – www.carekeralam.com Telephone No: -0480-2735737 Fax No: - 0480-2735837

DIRECTORS’ REPORT

To, The Members

Your Directors are pleased to present the 13th Annual Report on the business and operations of your Company together with the Audited Financial Statements for the year ended 31st March, 2017.

1. FINANCIAL RESULTS (In Rupees) For the Year Ending For the Year Ending Financial Highlights 31st March 2017 31st March 2016 Total Income 2,96,93,526 3,53,22,685 Total Expenditure (including 5,83,42,858 6,97,13,437 Depreciation) Profit/(Loss) before Tax (2,86,49,331) (3,43,90,752)

Tax (Including deferred tax) 0 0

Profit/(Loss) after tax (2,86,49,331) (3,43,90,752)

Prior period items 0 0

Profit/(Loss) for the year (2,86,49,331) (3,43,90,752) Surplus / (Deficit) carried to Balance (2,86,49,331) (3,43,90,752) Sheet Earnings per share (8,257) (10,121)

2. PERFORMANCE AND OPERATIONAL REVIEW During the financial year 2016-17, the Company has earned an income of Rs. 2,96,93,526/- and incurred expenses of Rs. 5,83,42,858/-. Compared to previous year, both income and expenditure shows a decrease in the financial year 2016-17. The performance of the Company ended with a loss of Rs. 2,86,49,331/- as compared to the previous year loss of Rs. 3,43,90,752/-.

3. DIVIDEND Your Directors are not able to recommend payment of any dividend as the Company has incurred loss in the financial year 2016-17 and due to inadequacy of accumulated profits.

4. AMOUNTS TRANSFERRED TO RESERVES The Board of the Company has decided not to carry any amount to its reserves as the Company has incurred loss during the year.

5. CHANGE IN NATURE OF BUSINESS, IF ANY During the financial year 2016-17, there was no change in the nature of business of the Company.

6. CHANGES IN SHARE CAPITAL DURING THE FINANCIAL YEAR, IF ANY As on date of this report, the Authorised share capital of the Company is Rs. 6,00,00,000/- (Rupees Six Crore Only) divided into 6000 equity shares of Rs. 10,000/- each. The total issued, subscribed and paid up share capital of the Company as on the date of the report is Rs. 3,39,80,000/- (Rupees Three Crore Thirty Nine Lakhs and Eighty Thousand Only) divided into 3398 equity shares of Rs. 10,000/- each. There is no change in the share capital of the Company during the Financial Year 2016-17.

7. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY There was no material changes/events occurred after balance sheet date till the date of the report.

8. DISCLOSURE REGARDING ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS The Company has not issued any equity shares with differential rights during the financial year.

9. DISCLOSURE REGARDING ISSUE OF EMPLOYEE STOCK OPTIONS The Company has not issued any employee stock options during the financial year.

10. DISCLOSURE REGARDING ISSUE OF SWEAT EQUITY SHARES The Company has not issued any sweat equity shares during the financial year.

11. DIRECTORS The Board of Directors of the Company is duly constituted and the present structure as on the date of this report is as follows:

Status- Category- Reside Executiv Date of Independe Sl. Designati nt/ e / Non- Name Appointm DIN nt / Non No on Executiv ent Non Independe e Reside nt/ nt P R Krishna Non Non- 1. Director 19/04/2005 00011464 Resident Kumar Independent Executive Hari N Non Non- 2. Director 23/04/2009 00064642 Resident Namboothiri Independent Executive Eladath Thaikkattu Non Non- 3. Director 23/04/2009 00077305 Resident Neelakandhan Independent Executive mooss Kunjupanicker Non Non- 4. Director 19/04/2005 00226353 Resident Anilkumar Independent Executive 6

Balachandra Das M Non Non- 5. Director 23/04/2009 00565357 Resident Chandrasekhar Independent Executive an Nair Prasad Non Non- 6. Chirathilattu Director 23/04/2009 00589796 Resident Independent Executive Ninan Ajay George Non Non- 7. Director 23/04/2009 00715648 Resident Varghese Independent Executive Nominee Non Non- 8. Michael Joseph 31/07/2009 01267657 Resident Director Independent Executive Ramanathan Non Non- 9. Director 30/12/2009 01499553 Resident Devarajaiyer Independent Executive Saji Kumar Non Non- 10. Director 15/12/2010 01531388 Resident Sahadevan Nair Independent Executive Kandamkulathy Non Non- 11. Director 23/04/2009 01542168 Resident Pathrose Wilson Independent Executive Thanikkal Joy Non Non- 12. Director 21/11/2015 07343633 Resident Verghese Independent Executive Janardanan Nominee Non Non- 13. Nair 01/10/2016 07625694 Resident Director Independent Executive Muraleedharan Sunilkumar Additional Non Non- 14. 06/06/2017 01394872 Resident Surendran Nair Director Independent Executive

In accordance with the Companies Act, 2013, following directors are liable to retire from office by rotation and are eligible for re-appointment:

 P R Krishna Kumar (DIN: 00011464)  Prasad Chirathilattu Ninan (DIN: 00589796)  Ajay George Varghese (DIN: 00715648)  Kunjupanicker Anilkumar (DIN: 00226353)

The Board, at its meeting held on 06.06.2017 had appointed Mr. Sunilkumar Surendran Nair (DIN: 01394872) as additional director of the Company and he can hold office up to the date of ensuing Annual General Meeting. Your directors are seeking the approval of members for regularizing his appointment, as director and appropriate resolution seeking your approval are included in the Notice.

12. KEY MANAGERIAL PERSONNEL The Company is not covered under section 203 of the Companies Act, 2013 and Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and hence appointment of Key Managerial Personnel is not mandatory.

13. THE DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR HAVE CEASED DURING THE YEAR

Date of Original Current appointme Sl date of Date of DIN/PAN Name Designatio nt at No appointmen Cessation n current t designation Sudhakaran 1 02853421 - 28/07/2012 - 26/08/2016 Karunakaran Nair Thanikkal Joy 2 07343633 Director 21/11/2015 24/09/2016 -- Verghese Janardanan Nair Nominee 3 07625694 01/10/2016 01/10/2016 -- Muraleedharan Director Arayamparambil 4 00086934 - 15/09/2011 - 07/12/2016 Vasavan Anoop 5 02873987 Raghu Arackal - 31/07/2009 - 13/02/2017 Sunilkumar Additional 6 01394872 06/06/2017 06/06/2017 -- Surendran Nair Director

Mr. Saji Kumar Sahadevan Nair and Mr. Hari N Namboothiri resigned from the post of MD & Joint MD respectively and continuing as Directors with effect from 09/04/2016.

14. NUMBER OF BOARD MEETINGS HELD AND THE DATE ON WHICH HELD The Board of Directors had held Seven Board meetings during the year. The dates on which the meetings were held are as follows:

09/04/2016 11/06/2016 20/08/2016 24/09/2016 24/11/2016 11/02/2017 17/03/2017

15. NUMBER OF COMMITTEE MEETINGS HELD AND THE DATE ON WHICH HELD Board has not constituted any Committee of Board of Directors.

16. ATTENDANCE OF EACH DIRECTOR AT THE BOARD MEETINGS & LAST ANNUAL GENERAL MEETING:

Attendance particulars Shareholding in the Company Attendance Board (Face value Name of the Director at last AGM meetings of Rs. (24.09.2016) 10,000/- each)

P R Krishna Kumar 3/7 Absent 15 Hari N Namboothiri 5/7 Present 0 Eladath Thaikkattu Neelakandhanmooss 4/7 Present 100 Kunjupanicker Anilkumar 7/7 Present 0

Balachandra Das M Chandrasekharan Present Nair 1/7 0

Prasad Chirathilattu Ninan 3/7 Absent 114 Ajay George Varghese 5/7 Absent 0 Michael Joseph 3/7 Present 0 Ramanathan Devarajaiyer 5/7 Absent 0 Saji Kumar Sahadevan Nair 4/7 Absent 10 Kandamkulathy Pathrose Wilson 2/7 Absent 114 Thanikkal Joy Verghese 7/7 Present 0 Janardanan Nair Muraleedharan 3/3 Not Applicable 0 Sunilkumar Surendran Nair 0/0 Not Applicable 0 Sudhakaran Karunakaran Nair 2/3 Absent 0 Arayamparambil Vasavan Anoop 2/5 Absent 0 Raghu Arackal 0/6 Absent 0

17. INDEPENDENT DIRECTORS & STATEMENT OF DECLARATION Appointment of Independent Directors under section 149 (4) of the Companies Act, 2013 is not applicable to the company.

18. WOMEN DIRECTOR The Company is not covered under Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 and hence it is not mandatory to appoint women director in the Board.

19. NOMINATION AND REMUNERATION COMMITTEE & POLICY The Company is not covered under section 178 (1) of the Companies Act, 2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and hence not required to constitute Nomination and Remuneration Committee.

20. DETAILS OF THE REMUNERATION PAID TO MANAGING DIRECTOR FOR THE YEAR: During the Financial Year, no remuneration was paid to Managing Director and Joint Managing Director.

21. REMUNERATION PAID TO NON-EXECUTIVE DIRECTORS No Remuneration was paid to Non-Executive Directors

22. PARTICULARS OF EMPLOYEES During the period under review, no employee of the Company has received remuneration at a rate, which, in the aggregate was more than Rs. 8,50,000/- per month or Rs. 1,02,00,000/- or more per annum and hence there was no requirement of a statement under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

23. AUDIT COMMITTEE The Company is not covered under section 177 of the Companies Act, 2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and hence not constituted Audit Committee.

24. VIGIL MECHANISM The Company is not covered under section 177 (9) of the Companies Act, 2013 and Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and hence not required to establish Vigil Mechanism.

25. STAKEHOLDERS RELATIONSHIP COMMITTEE The Company is not covered under section 178 (5) of the Companies Act, 2013 and hence not required to constitute Stakeholders Relationship Committee.

26. STATUTORY AUDITOR At the AGM held on September 12, 2014, the members approved the appointment of M/s. Mahadevan & Sivarajan (FRN: 006388S), Chartered Accountants, 10/491, Anugraha, Garden Street, College Road, Palakkad, Kerala – 678001, as Statutory Auditor for a period of five years commencing from the conclusion of the Tenth AGM till the conclusion of the Fifteenth AGM subject to ratification by the members every year. The board has proposed ratification of re-appointment M/s. Mahadevan & Sivarajan (FRN: 006388S), Chartered Accountants, 10/491, Anugraha, Garden Street, College Road, Palakkad, Kerala – 678001, as Statutory Auditor of the Company from the conclusion of 13th Annual General Meeting till the conclusion of the 14th Annual General Meeting to be held in the year 2018.

The Company has received a letter from M/s. Mahadevan & Sivarajan (FRN: 006388S), Chartered Accountants, 10/491, Anugraha, Garden Street,College Road, Palakkad, Kerala – 678001, to the effect that their appointment as Statutory Auditor, if made, would be within the limits under Section 141 of the Companies Act, 2013.

27. AUDITORS REPORT The Directors have, as an addendum to this report explained all the qualifications given by the Auditors Report and the said addendum forms part of this report as Annexure I.

28. COST AUDITORS The Company is not required to appoint Cost Auditor under section 148 of the Companies Act, 2013.

29. SECRETARIAL AUDIT REPORT The Company is not covered under section 204 of the Companies Act, 2013 and hence not required to annex Secretarial Audit Report.

30. DEPOSITS In terms of the provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 as amended, the Company has not invited or accepted any deposits from the public and as such, no amount of principal or interest was outstanding as on the date of the Balance Sheet.

31. LOANS, GUARANTEES AND INVESTMENTS During the Financial Year the Company has neither granted any loans, secured or unsecured to Companies, firms or other parties nor given guarantees or made investments as under within the meaning of Section 186 of the Companies Act, 2013 and rules made there under.

32. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATES During the Financial year, no Companies had become / ceased as Subsidiaries, Joint ventures and Associated Companies.

33. PARTICULARS OF CONTARCTS OR ARRANGEMENT WITH RELATED PARTIES As per Section 134(3)(h) of the Companies Act, 2013 the particulars of Contracts or Arrangements with related parties within the meaning of Section 188 is provided in the prescribed Form AOC-2 and forms part of this Report as Annexure II.

34. CORPORATE SOCIAL RESPONSIBILITY The Company is not covered under section 135 of the Companies Act, 2013 and hence not required to constitute Corporate Social Responsibility Committee.

35. EXTRACT OF ANNUAL RETURN As required under Section 134(3)(a) of the Companies Act, 2013, an extract of the Annual Return under Section 92 in the prescribed Form MGT-9 is set out as Annexure III attached hereto and forms part of this report.

36. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013 The Company has constituted an Anti-Sexual Harassment Committee with 4 members namely Ms. Radha A., Dy. Manager Tech & R&D, Mr. R. Vijayarajan, RTD.Asst. Dev. Commr., Dr. Giby Abraham, Ayurveda Doctor and Ms. Simi S, Jr. Exe.Quality Assurance and the Presiding Officer and Chairperson of Committee is Ms. Radha A., Dy. Manager Tech & R&D. During the Financial Year, there were no cases reported or filed regarding sexual harassment of women at workplace.

37. FRAUD REPORTING During the Financial Year, there were no cases regarding fraud have been reported to the Board/Central Government.

38. DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL No order has been passed by the Regulators/Courts/Tribunal, which impacts the going concern status or Company’s operations. 11

39. VOLUNTARY REVISION OF FINANCIAL STATEMENTS OR BOARD’S REPORT There was no voluntary revision of Financial Statements or Board’s Report in respect of preceding three financial years.

40. STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL STATEMENTS The Company has adequate internal control and process in place with respective Financial Statements, which provides reasonable assurance regarding the reliability of financial reporting and the preparation of financial Statements. These Controls and processes are driven through various policies, procedures and certifications. The processes and controls are reviewed periodically. The Company has a mechanism of testing the controls at regular intervals for their design and operating effectiveness to ascertain the reliability and authenticity of financial information.

41. FORMAL ANNUAL EVALUATION The Company is not covered under section 134 (3) (p) of the Companies Act, 2013 and Rule 8(4) of the Companies (Accounts) Rules, 2014 and hence the statement regarding manner adopted for formal annual evaluation is not mandatory.

42. RISK MANAGEMENT The Companies risk management framework is based on a clear understanding of various risks, disciplined risk assessment and measurement procedures and continues monitoring. The policies and procedures established for this purpose are continuously reviewed. The business activities are undertaken within this framework.

The framework reviews the level and direction of major risk pertaining to credit, market, liquidity, operational, compliance and management. At present, the Company has not identified any element of risk, which may threaten the existence of the Company.

43. CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO Your Company has taken adequate measures for conservation of energy and also very much keen on environment and safety matters and has taken adequate measures to control pollution and ensure safety etc. The information required under Section 134(3)(m) of the Companies Act 2013 read with Rule 8 (3) of the Companies (Accounts) Rules, 2014 is set out as Annexure IV attached hereto and forms part of this report.

44. UNSECURED LOAN FORM DIRECTORS The Company has not accepted any loan from directors during the financial year 2016-17.

45. DIRECTORS’ RESPONSIBILITY STATEMENT In compliance to the provisions of Section 134 (5) of the Companies Act, 2013 your Directors wish to confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures. 12

(ii) 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;

(iii) 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;

(iv) the directors had prepared the annual accounts on a going concern basis; and

(v) the directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating effectively.

46. APPRECIATION We take this opportunity to thank all employees for their contribution to the growth and success of your Company. We would also like to thank bankers, stakeholders and business associates for their extended support during the year.

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Sd/- Sd/- P R Krishna Kumar Kunjupanicker Anilkumar Director Director (DIN : 00011464) (DIN: 00226353) Address: 984, "Rajamandiram", Trichy Road, Address: Sreerangam,VIII/295 Coimbatore-641045, Tamil Nadu Temple Road, Aluva - 683101

Place: Koratty Date: 22.08.2017

CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED Kinfra Small Industries Park, Nalukettu Road, Koratty Po, Kerala – 680309 CIN: U24233KL2004PLC017539 Email – [email protected] , Website – www.carekeralam.com Telephone No: -0480-2735737 Fax No: - 0480-2735837

Annexure I

ADDENDUM TO DIRECTORS’ REPORT

Point 4(1) of Auditors Report

Non-provision of terminal Benefits to Employees as detailed in Accounting Policy No.2G and Note No.30 in preference to the Accounting Standard No. AS-15.

Reply:

Company is providing short term employee benefit to employees, such as wages, salaries, overtime and other social security benefits including ESIC and EPF contribution. Since full commercial operations of the company has not commenced, the company is yet to formulate its post-employee benefit such as gratuity and other retirement benefits.

Point 4(2) of Auditors Report

Note No.32 regarding non provision of liabilities if any as required under the Micro, Small and Medium Enterprises Development Act, 2006.

Reply:

None of the Enterprises supplying goods or rendering services to the company who are engaged in manufacturing or production of goods have given any information as required under “The Micro Small and Medium Enterprises Development Act, 2006”

Point 4(3) of Auditors Report

Note Nos. 11, 12 & 18 regarding confirmation of balance from Sundry Creditors, Sundry Debtors and Loans and Advances and consequential effect if any.

Reply:

Company is taking necessary steps to obtain the confirmation from the respective parties. Letter/intimations were sent to respective parties.

Point 4(4) of Auditors Report

Note Nos. 12(2) and 28(1) regarding Non recognition of Liability with respect to Interest not debited by Bank after the Accounts have turned Non Performing amounting to Rs. 72,55,098/- . Loss for the year and Short Term Borrowings reported by the Company as on 31st March 2017 is understated to that extent. 14

Reply:

The Management having discussions with our bankers for a one time settlement and hoping for waiver of interest and hence the interest is not recognized in the books of accounts.

For and on behalf of the Board of

CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Sd/- Sd/-

P R Krishna Kumar Kunjupanicker Anilkumar Director Director (DIN : 00011464) (DIN: 00226353) Address: 984, "Rajamandiram", Trichy Road, Address: Sreerangam,VIII/295 Coimbatore-641045, Tamil Nadu Temple Road, Aluva - 683101

Place: Koratty Date: 22.08.2017

Annexure II

Form No. AOC -2 (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including certain arm’s length transaction under third proviso thereto

Details of material contracts, arrangements, or transactions at arm’s length basis Sl. No. Particulars Details 1 Bipha Drug laboratories, (Ajay George Name of the related party & nature of a) Varghese is a director in both relationship Companies) Nature of b) Lab testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab testing for Rs. 98,624/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 2 Kandamkulathy Vaidyasala, Name of the related party & nature of a) (Kandamkulathy Pathrose Wilson, relationship Director of the company is interested.) Nature of b) Lab Testing and Job Works contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or Lab Testing and Job Works for Rs. d) arrangements or transaction including 11,61,217/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 16 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 3 Kerala Ayurveda Limited, (Kunjupanicker Name of the related party & nature of a) Anilkumar is a director in both relationship companies) Nature of b) Lab Testing and Job Works contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or Lab Testing and Job Works for Rs. d) arrangements or transaction including 9,43,913/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 4 Nagarjuna Herbal Concentrates Ltd Name of the related party & nature of a) (Michael Joseph is a director in both relationship Companies) Nature of b) Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab Testing for Rs. 40,020/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 5 Sitaram Ayurveda Pharmacy Name of the related party & nature of a) Ltd(Ramanathan Devaraja Iyer is a relationship director in both Companies) Nature of b) Lab Testing contracts/arrangements/transaction 17

Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab Testing for Rs. 69,661/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 6 Sreedhareeyam Ayurvedic Medicines Name of the related party & nature of a) P.Ltd (Hari N Namboothiri is a Director in relationship both Companies) Nature of b) Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or Lab Testing for Rs. 5,52,100/- d) arrangements or transaction including

the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 7 Artha herbs Extracts and Name of the related party & nature of Derivatives(India)Pvt.Ltd (PR a) relationship Krishnakumar is a Director in both Companies) Nature of b) Raw material Trading contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Raw material Trading of Rs. 1,181/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017

18 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 8 Sree Sankara Ayurveda Vaidyasala Name of the related party & nature of (Balachandra Das, Director of the a) relationship company is interested in Sree Sankara Ayurveda Vaidyasala) Nature of b) Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab Testing of Rs. 3,19,141/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 9 Thaikkattu Mooss Vaidyaratnam Name of the related party & nature of Oushadhasala P.Ltd (Eledath Thaikkattu a) relationship Neelakandhan Mooss is a Director in both companies) Nature of b) Raw material Trading contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Raw material Trading of Rs. 1,32,582/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. Particulars Details No

. 10 The Arya Vaidya Pharmacy(CBE)Ltd (PR Name of the related party & nature of a) Krishnakumar is a Director in both relationship Companies) Nature of b) Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab Testing of Rs. 8,06,087/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 11 Vaidyaratnam Oushadhasala P. Ltd Name of the related party & nature of a) (Eledath Thaikkattu Neelakandhan Mooss relationship is a Director in both companies) Nature of b) Job Work and Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or Job Work and Lab Testing of Rs. d) arrangements or transaction including 16,16,223/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 12 Warriers Hospital & Panchakarma Centre Name of the related party & nature of (Sajikumar Sahadevan Nair, Director of a) relationship the Company is interested in M/s. Warriers Hospital & Panchakarma Centre) Nature of b) Lab Testing contracts/arrangements/transaction

Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or d) arrangements or transaction including Lab Testing for Rs. 21,84,708/- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

Sl. No Particulars Details . 13 Natura Bioscience Industries Pvt Ltd Name of the related party & nature of a) (Thanikkal Joy Verghese, Director of the relationship Company is interested as Vice President) Nature of b) Job Work and Lab Testing contracts/arrangements/transaction Duration of the c) Various maturity contracts/arrangements/transaction Salient terms of the contracts or Job Work and Lab Testing for Rs. d) arrangements or transaction including 10,66,549 /- the value, if any Ratified in the meetings held on 09/04/2016, 11/06/2016, 20/08/2016, e) Date of approval by the Board 24/09/2016, 24/11/2016, 11/02/2017 and 17/03/2017 f) Amount paid as advances, if any Nil

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Place: Koratty Date: 22.08.2017 Annexure III

Annexure III

Form No. MGT-9 EXTRACT OF ANNUAL RETURN as on the financial year ended on 31/03/2017 of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED [Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

Name of the Company CONFEDERATION FOR AYURVEDIC RENAISSANCE- KERALAM LIMITED CIN U24233KL2004PLC017539 Date of Incorporation 20/10/2004 Category of the company Public Company Address of the registered office Kinfra Small Industries Park, and contact details Nalukettu Road, Koratty P.O, Kerala, 680309 E-mail: [email protected] Whether listed company No Name, Address and Contact details of Registrar and Transfer Agent, if any NA

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY: (All the business activities contributing 10% or more of the total turnover of the company shall be stated)

Sl. Name and Description of main NIC Code of the % to total turnover of the No. products / services Product/service company

Wholesale of pharmaceutical and 41.87% of operational 1 46497 medical goods income Research and experimental 32.92% of operational 2 development on natural sciences 72100 income and engineering Manufacture of `Ayurvedic’ or 25.21% of operational 3 21003 `unani’ pharmaceutical preparation income

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: [No. of Companies for which information is being filled]

Name and Holding/ Sl. Percentage Applicable Address of the CIN/GLN Subsidiary/ No. Holding section Company Associate

NIL - - - -

IV. SHARE HOLDING PATTERN (Equity share capital Breakup as percentage of Total Equity) 22

i) Category-wise Share Holding

% No. of Shares held at the No. of Shares held at the end Category of Change beginning of the year of the year [As on 31-March- Shareholders during [As on 01-04-2016] 2017] the year % of % of Dema Total Physical Total Demat Physical Total Total t Share Shares s A.

Promoters (1) Indian a) Individual/ 0 353 353 10.39 0 353 353 10.39 - HUF b) Central - 0 0 0 0 0 0 0 0 Govt c) State - 0 0 0 0 0 0 0 0 Govt(s) d) Bodies 0 1000 1000 29.43 0 884 884 26.02 (11.6) Corp. e) Banks / FI 0 0 0 0 0 0 0 0 - f) Any other 0 1100 1100 32.37 0 1100 1100 32.37 - Sub-total 0 2453 2453 72.19 0 2337 2337 68.78 (4.73) (A) (1):- (2) Foreign - a) NRIs- 0 0 0 0 0 0 0 0 - Individuals b) Others- 0 0 0 0 0 0 0 0 - Individuals c) Bodies 0 0 0 0 0 0 0 0 - Corp. d) Banks / FI 0 0 0 0 0 0 0 0 - e) Any other 0 0 0 0 0 0 - Sub-total 0 0 0 0 0 0 0 0 - (A) (2):- Total shareholdin g of 0 2453 2453 72.19 0 2337 2337 68.78 (4.73) Promoter (A)= (A) (1)+(A) (2) B. Public Shareholdin - g (1) - Institutions 23 a) Mutual 0 0 0 0 0 0 0 0 - Funds b) Banks / FI 0 0 0 0 0 0 0 0 - c) Central 0 0 0 0 0 0 0 0 - Govt d) State 0 0 0 0 0 0 0 0 - Govt(s) e) Venture 0 0 0 0 0 0 0 0 - Capital Funds f) Insurance 0 0 0 0 0 0 0 0 - Companies g) FIIs 0 0 0 0 0 0 0 0 - h) Foreign Venture 0 0 0 0 0 0 0 0 - Capital Funds i) Others 0 0 0 0 0 0 0 0 - (specify)

Sub-total 0 0 0 0 0 0 0 0 - (B)(1):-

2. Non- - Institutions a) Bodies - Corp. i) Indian 0 191 191 5.62 0 307 307 9.03 60.73 ii) Overseas 0 0 0 0 0 0 0 0 - b) Individuals - i) Individual shareholders holding 0 453 453 13.33 0 453 453 13.33 - nominal share capital upto Rs. 1 lakh ii) Individual shareholders holding nominal share 0 301 301 8.86 0 301 301 8.86 - capital in excess of Rs. 1 lakh

C) Others 0 0 0 0 0 0 0 0 - (specify) Non Resident 0 0 0 0 0 0 0 0 - Indians Overseas Corporate 0 0 0 0 0 0 0 0 - Bodies

Foreign 0 0 0 0 0 0 0 0 - Nationals Clearing 0 0 0 0 0 0 0 0 - Members

Sub-total 0 945 945 27.81 0 1061 1061 31.22 12.28 (B)(2):- Total Public Shareholdin g 0 945 945 27.81 0 1061 1061 31.22 12.28 (B)=(B)(1) + (B)(2) C. Shares held by Custodian 0 0 0 0 0 0 0 0 - for GDRs & ADRs

Grand Total 0 3398 3398 100 0 3398 3398 100 0.00 (A+B+C)

ii) Shareholding of Promoters as on 31.03.2017 Sl. Shareholde Shareholding at the beginning Shareholding at the end of No. r’s Name of the year the year % of % % of Shares change in Shares % of % of total Pledged sharehold Pledged / total No. of Shares of No. of / ing encumbe Shares of Shares the Shares encumb during red to the company ered to the year total company total shares shares P R 1 KRISHNA 15 0.44 0 15 0.44 0 0 KUMAR SAJI KUMAR 2 10 0.29 0 10 0.29 0 0 SAHADEVA N NAIR HARI N

NAMBOOT 0 0 0 0 0 0 0 3 HIRI ELADATH THAIKKATT U 4 100 02.94 0 100 02.94 0 0 NEELAKAN DHANMOO SS

KUNJUPANIC 5 KER 0 0 0 0 0 0 0 ANILKUMAR BALACHAND RA DAS M 6 CHANDRASE 0 0 0 0 0 0 0 KHARAN NAIR PRASAD 7 CHIRATHILA 114 03.35 0 114 03.35 0 0 TTU NINAN AJAY 8 GEORGE 0 0 0 0 0 0 0 VARGHESE RAMANATHA N 9 DEVARAJAIY 0 0 0 0 0 0 0 ER KANDAMKUL ATHY 10 PATHROSE 114 03.35 0 114 03.35 0 0 WILSON THANIKKAL 11 JOY 0 0 0 0 0 0 0 VERGHESE SREEDHAREE YAM AYURVEDIC 12 MEDICINES 84 02.47 0 84 02.47 0 0 PRIVATE LIMITED SITARAM AYURVEDA 13 PHARMACY 100 02.94 0 100 02.94 0 0 LIMITED SREE SANKARA COMMUNITY FOR 14 100 02.94 0 100 02.94 0 0 AYURVEDA CONSCIOUS NESS LTD

RELAX HERBALS & 15 EXPORTS 0 0 0 0 0 0 0 PRIVATE LIMITED THE ARYA VAIDYA 16 PHARMACY 99 2.91 0 99 2.91 0 0 COIMBATOR E LIMITED KERALA 17 AYURVEDA 114 03.35 0 114 03.35 0 0 LIMITED NAGARJUNA HERBAL 18 CONCENTRA 114 03.35 0 114 03.35 0 0 TES LTD KERALA INDUSTRIAL INFRASTRUC TURE 19 DEVELOPME 1100 32.37 0 1100 32.37 0 0 NT CORPORATI ON (KINFRA) SREEDHAREE YAM AYURVEDIC 20 EYE 30 0.88 0 30 0.88 0 0 HOSPITAL P LTD DHATHRI 21 AYURVEDA P 154 4.53 0 154 4.53 0 0 LTD THAIKKATTU MOOSS E.T.M 22 OUSHADASA 5 0.147 0 5 0.147 0 0 LA (INDIA) LTD VAIDYARATN AM 23 14 0.41 0 14 0.41 0 0 OUSHADHAS ALA

PRIVATE LIMITED BIPHA DRUG LABORATORI 24 ES PRIVATE 70 02.06 0 70 02.06 0 0 LIMITED iii) Change in Promoters’ Shareholding (please specify, if there is no change): Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 2453 72.19 2453 72.19 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc):

1. December 7th 2016: Decrease in promoter’s shareholding due to Resignation of Mr. (116) (3.41) 2337 68.78 Arayamparambil Vasavan Anoop from the Directors’ Board At the end of the year 2337 68.78 2337 68.78

iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

1. AVA CHOLAYIL HEALTH CARE PVT LTD Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 114 3.35 114 3.35 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 114 3.35 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): 28

At the end of the year 114 3.35 114 3.35

2. CHULLIKATTU KESAVAN JINAN Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 100 2.94 100 2.94 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 100 2.94 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 100 2.94 100 2.94

3. SHAJI SEBASTIAN Shareholding at the Cumulative Shareholding beginning during the year of the year

4. Dr. P.P. PATHROSE Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 34 1.0006 34 1.0006

Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 34 1.0006 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 34 1.0006 34 1.0006

5. Dr. N. SATHEESH KUMAR Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 32 0.94 32 0.94 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 32 0.94 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 32 0.94 32 0.94

6. SD PHARMACY PVT LTD Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 30 0.88 30 0.88 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 30 0.88 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 30 0.88 30 0.88

7. KAIRALY HERBAL CURES PVT LTD Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company 30

At the beginning of the year 30 0.88 30 0.88 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 30 0.88 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 30 0.88 30 0.88

8. PANKAJAKASTHURI HERBALS INDIA PVT LTD Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 25 0.73 25 0.73 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 25 0.73 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 25 0.73 25 0.73

9. BABU K.M Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company At the beginning of the year 20 0.59 20 0.59 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 20 0.59 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 20 0.59 20 0.59

10. VISESH AYURVED INDIA PVT LTD Shareholding at the Cumulative Shareholding beginning during the year of the year

% of total % of total No. of No. of shares of the shares of the shares shares company company

At the beginning of the year 15 0.44 15 0.44 Date wise Increase / Decrease in Promoters Shareholding during the year specifying the - - 15 0.44 reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): At the end of the year 15 0.46 15 0.44 v) Shareholding of Directors and Key Managerial Personnel: Shareholding at Cumulative the beginning Shareholding during of the year the year Name of the % of Sl. KMP and Particulars total % of total No Directors No. of shares No. of shares of shares of the shares the compan company y

At the beginning of the year 15 0.44 15 0.44 P R KRISHNA 1 KUMAR Changes during the year: 0 0 15 0.44 At the end of the year 15 0.44 15 0.44 At the beginning of the year 10 0.29 10 0.29 SAJI KUMAR 2 SAHADEVAN Changes during the year: 0 0 10 0.29 NAIR At the end of the year 10 0.29 10 0.29 At the beginning of the year 0 0 0 0

HARI N Changes during the year: 3. NAMBOOTHIR 0 0 0 0

I At the end of the year 0 0 0 0

ELADATH At the beginning of the year 100 2.94 100 2.94 THAIKKATTU 4. Changes during the year: 0 0 100 2.94 NEELAKANDH ANMOOSS At the end of the year 100 2.94 100 2.94

KUNJUPANICK At the beginning of the year 0 0 0 0 5. ER Changes during the year: 0 0 0 0 ANILKUMAR At the end of the year 0 0 0 0 BALACHANDR At the beginning of the year 0 0 0 0 A DAS M 6. Changes during the year: 0 0 0 0 CHANDRASEK HARAN NAIR At the end of the year 0 0 0 0

PRASAD At the beginning of the year 114 3.35 114 3.35 7. CHIRATHILAT Changes during the year: 0 0 114 3.35 TU NINAN At the end of the year 114 3.35 114 3.35 At the beginning of the year 0 0 0 0 AJAY GEORGE 8. VARGHESE Changes during the year: 0 0 0 0 At the end of the year 0 0 0 0 RAMANATHAN At the beginning of the year 0 0 0 0 9. DEVARAJAIYE Changes during the year: 0 0 0 0 R At the end of the year 0 0 0 0 KANDAMKULA At the beginning of the year 114 3.35 114 3.35 THY 10. Changes during the year: 0 0 114 3.35 PATHROSE WILSON At the end of the year 114 3.35 114 3.35 At the beginning of the year 0 0 0 0 MICHAEL 11. Changes during the year: 0 0 0 0 JOSEPH At the end of the year 0 0 0 0 At the beginning of the year - - - - THANIKKAL 12. JOY Changes during the year: - - 0 0 VERGHESE At the end of the year 0 0 0 0 JANARDANAN At the beginning of the year - - - - NAIR 13. Changes during the year: - - 0 0 MURALEEDHA RAN At the end of the year 0 0 0 0

V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment (Amount in Rs.)

Secured Loans Unsecured Total Deposits excluding Loans Indebtedness deposits

Indebtedness at the beginning of the financial year i) Principal Amount 10,67,09,307 - - 10,67,09,307 ii) Interest due but 0.00 - - 0.00 not paid iii) Interest accrued 0.00 - - 0.00 but not due

Total (i +ii +iii) 10,67,09,307 Nil Nil 10,67,09,307 Change in Indebtedness

during the financial year * Addition 30,61,365 - - 30,61,365 * Reduction 0.00 - - 0.00 Net Change 30,61,365 Nil Nil 30,61,365 Indebtedness at

the end of the

financial year i) Principal Amount 10,43,83,300 - - 10,43,83,300 ii) Interest due but 53,87,372 - - 53,87,372 not paid iii) Interest accrued 0.00 - - 0.00 but not due Total (i +ii +iii) 10,97,70,672 Nil Nil 10,97,70,672

A. Remuneration to Managing Director, Whole-time Directors and/or Manager: Sl. Particulars of Name of Managing Director/ Whole No. Total Amount Remuneration time Directors/ Manager

- - Gross salary Nil Nil Nil (a) Salary as per provisions contained in section 17(1) - - - 1 of the Income-tax Act, 1961 (b) Value of perquisites u/s 17(2) Income-tax Act, - - - 1961 (c) Profits in lieu of salary under section 17(3) - - - Income- tax Act, 1961 2 Stock Option - - - 3 Sweat Equity - - - Commission 4 - as % of profit - - - - others, specify… 5 Others, please specify - - - Total (A) - - - Ceiling as per the Act - - -

B. Remuneration to other directors: NIL

Sl. Particulars of Remuneration Total Amount Name of Directors No.

1 Independent Directors

Fee for attending board / - - - committee meetings Commission - - - Others, please specify - - - Total (1) - - - 2 Other Non-Executive - - - Directors Fee for attending board / - - - committee meetings Commission - - - Others, please specify - - - Total (2) - - - Total (B)=(1+2) - - - Total Managerial Nil Nil Nil Remuneration Overall Ceiling as per the Act - - -

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD: Sl. No. Particulars of Remuneration Key Managerial Personnel

GopalaKrishnan G (General Manager)

Gross salary 4,78,595 - (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 - Salary and allowances for the F.Y. 2016-17- 1 (A) -

Bonus Paid for the F.Y. 2016-17- (B) -

(b) Value of perquisites u/s 17(2) Income- tax Act, 1961 -

Perquisites- (C) - (c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 - 2 Stock Option - 3 Sweat Equity -

Commission 4 - as % of profit - others, specify… - 5 Others, please specify -

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:

Type Section of Brief Details of Authority Appeal the Description Penalty/ [RD/ made, Companies Punishment/ NCLT/ if any Act Compounding COURT] (give fees imposed Details) A. COMPANY Penalty NA NA NA NA NA Punishment NA NA NA NA NA Compounding NA NA NA NA NA B. DIRECTORS Penalty NA NA NA NA NA Punishment NA NA NA NA NA Compounding NA NA NA NA NA C. OTHER OFFICERS IN DEFAULT Penalty NA NA NA NA NA Punishment NA NA NA NA NA Compounding NA NA NA NA NA

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Place: Koratty Date: 22.08.2017

Annexure IV

Information pursuant to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of Companies (Accounts) Rules, 2014 and forming part of Directors Report for the year.

A. CONSERVATION OF ENERGY Company is taking maximum steps for The steps taken or impact on conservation of energy conservation of the energy and Board of Directors are monitoring it. The steps taken by the company for utilizing Nil alternate sources of energy The capital investment on energy conservation Nil equipments.

(B) TECHNOLOGY ABSORPTION: Technology absorption, adaptation and innovation

Efforts, in brief, made towards technology Nil absorption, adaptation and innovation Benefits derived as a result of the above efforts, Nil e.g., product improvement, cost reduction, product development, import substitution, etc. In case of imported technology following Nil information may be furnished: a. Technology imported b. Year of import c. Has technology been fully absorbed? d. If not fully absorbed, areas where this has not taken place, reasons there for and future plans of action.

Research and development (R & D)

Specific areas in which R & D carried out Development and Standardization of Ayurvedic by the company formulations by Pharmacognostical, Physicochemical, Phytochemical, Microbiological and Toxicological analysis.

Benefits derived as a result of the above 1. Dossier prepared on Punarnavadi Ghritham. R&D 2. Helped industrial and Academic researchers to carry out their research projects. 3. Income generated as fees and from sample analysis.

Future plan of action 1. Clinical Trial on Akulyabdadi Kashayam 2. Projects are submitted for approval to Ministry of AYUSH, NMPB, are under scrutiny.

3. Extending research support for Small, Middle and large scale Ayurvedic industries in the areas of new drug development and standardisation.

Expenditure on R & D: a. Capital Nil b. Recurring Rs. 8.15 Lakhs c. Total Rs. 8.15 Lakhs d. Total R & D expenditure as a percentage 18.20% of total turnover

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO A. Activities relating to exports; B. Initiatives taken to increase exports; C. Development of new export markets for NIL products and services; D. Export plans; A. Total foreign exchange used NIL B. Total foreign exchange earned NIL

For and on behalf of the Board of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED

Place: Koratty Date: 22.08.2017

MAHADEVAN & SIVARAJAN Chartered Accountants Ph : 0491-2546884(Off.) 10/491, ‘Anugraha’, Garden Street, College Road, 2572135(Res) Palakkad – 678001 Mob: 9846038884 e-mail:[email protected] Ref:

22-08-2017 INDEPENDENT AUDITORS’ REPORT To the Members of CONFEDERATION FOR AYURVEDIC RENAISSANCE–KERALAM LIMITED

1. Report on the Financial Statements We have audited the accompanying financial statements of CONFEDERATION FOR AYURVEDIC RENAISSANCE-KERALAM LIMITED, which comprise the Balance Sheet as at March 31, 2017, and the Statement of Profit and Loss and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. 2. Management’s Responsibility for the Financial Statements The Company’s board of directors is responsible for the matters stated in section 134 (5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. 3. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the standards on auditing specified under section 143(10) of the Act. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial 39 statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. 4. Opinion In our opinion, and to the best of our information and according to the explanations given to us and subject to the comments given are as follows; 1. Non provision of terminal Benefits to Employees as detailed in Accounting Policy No.2G and Note No. 30 in preference to the Accounting Standard No. AS-15

2. Note No.32 regarding non provision of liabilities if any as required under the Micro, Small and Medium Enterprises Development Act, 2006.

3. Note Nos. 11, 12 & 18 regarding confirmation of balance from Sundry Creditors, Sundry Debtors and Loans and Advances and consequential effect if any.

4. Note Nos. 12(2) and 28(1) regarding Non recognition of Liability with respect to Interest not debited by Bank after the Accounts have turned Non Performing amounting to Rs. 72,55,098/- . Loss for the year and Short Term Borrowings reported by the Company as on 31st March 2017 is understated to that extent. the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the State of Affairs of the Company as at March 31, 2017, and its Loss for the year ended on that date.

5. Report on other legal and regulatory requirements

1. As required by the Companies (Auditor's Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of Section 143 of the Companies Act, 2013, we enclose in the Annexure I a statement on the matters specified in paragraphs 3 and 4 of the said Order, to the extent applicable.

2. As required under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013, we enclose in Annexure II, Report on the Internal Financial Controls.

3. As required by Section 143 (3) of the Act, we report that: (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

(c) The Balance sheet, Statement of Profit and Loss, and cash flow statement dealt with by this report are in agreement with the books of account;

(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014;

(e) On the basis of written representations received from the directors as on March 31, 2017, taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2017 from being appointed as a director in terms of Section 164 (2) of the Act; and

(f) In our opinion, there is no qualification, reservation or adverse remarks relating to the maintenance of the accounts and other matters connected therewith.

(g) In our opinion and according to the information and explanations given to us, the company has adequate internal financial controls system in place and the operating effectiveness of such controls.

(h) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

(i) The Company has disclosed the impact of pending litigations on its financial position in its Financial Statements as on 31.03.2017;

(ii) The Company does not have any long-term contracts, including derivative contracts. Accordingly, no provision for material foreseeable losses have been made; and

(iii) There were no amounts which were required to be transferred to the investor education and protection fund by the Company.

22.08. 2017

Annexure I Referred to in Paragraph 5 of our report of even date on the accounts of CONFEDERATION FOR AYURVEDIC RENAISSANCE KERALAM LIMITED for the year ended 31st March, 2017.

1. (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b) The fixed assets of the company have been physically verified by the management during the year and no material discrepancies between the book records and the physical inventory have been noticed. (c) The title deeds of the immovable properties are held in the name of the company.

2. (a) The inventory has been physically verified by the management during the year. In our opinion, the frequency of such verification is reasonable. (b) The Company is maintaining proper records of inventory. The discrepancies noticed on verification between the physical stocks and book records were not material.

3. The Company has not granted any loan, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register required under section 189 of the Companies Act, 2013. Hence the question of reporting whether the terms and conditions of such loan are prejudicial to the interest of the company, whether reasonable steps for recovery of over dues of such loans are taken does not arise.

4. In our opinion and according to the information and to our best of our knowledge and explanations given to us there is no transaction of in respect of loans, investments, guarantees and securities, hence the provisions of Section 185 and 186 of the Companies Act 2013 is not applicable.

5. Based on scrutiny of the company’s records and according to the information and explanation provided by the management, in our opinion the company has not accepted deposits during the Y.E. on 31st March 2017.

6. We have broadly reviewed the books of account maintained by the Company pursuant to the rules prescribed by the Central Government for maintenance of cost records under sub-section (1) of section 148 of the Act and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the records.

7. (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/accrued in

the books of account in respect of undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales tax, wealth tax, service tax, customs duty, excise duty, value added tax, cess and other material statutory dues have been generally regularly deposited during the year by the Company with the appropriate authorities though there has been a slight delay in few cases. According to the information and explanation given to us, no undisputed amount payable in respect of the aforesaid dues were outstanding as at 31st March,2017 for a period of more than six month from the date becoming payable.

(b) According to the information and explanations given to us, the following dues of income tax, sales tax, wealth tax, service tax, customs duty, excise duty and value added tax have not been deposited by the Company on account of disputes:

Name Nature of Amount Period to which Forum where of the the Dues (Rs) the amount dispute is pending Statute relates NIL NIL NIL NA NA

8. In our opinion and according to the information and explanations given to us, the Company has defaulted in repayment of due to its Sole Banker State Bank of India in respect of Interest from October 2016 Rs. 1,26,42,470/- and of Term Loans Rs.1,37,02,318/-. 9. In our opinion and according to the information and explanations given to us, the term loans taken by the Company have been applied for the purpose for which they were raised.

10. According to the information and explanations given to us, no fraud on or by its officers or employees nor any fraud by the company has been noticed or reported during the year, that causes the financial statements to be materially mis-stated.

11. In our Opinion and According to the information and explanations provided to us, the company has not paid any managerial remuneration to the directors; hence the provisions of section 197 with Schedule V of the Companies Act are not attracted.

12. In our opinion and to the best of our information company is not a Nidhi Company; hence, Clause 3(xii) of the order is not applicable to the company.

13. In our opinion and to the best of our information and explanations provided by the management, all transactions of the related parties are in compliance with Section 177& 188 of Companies Act 2013 and details of the same has been disclosed in the financial statements as required by the applicable accounting standards.

14. In our opinion and to the best of our information and explanations provided by the management, we are in an opinion that the company has not made any preferential allotment or private placement of shares or fully/partly convertible debentures during the year of review .Hence Clause 3(xiv) of the order is not applicable to the company.

15. According to the best of our information and explanations provided by the management the company has not entered into any non-cash transactions with the directors or persons connected with him, hence provisions of the Section 192 of the Companies Act 2013 is not applicable.

16. In our opinion and to the best of our information and explanations provided by the management, we are in an opinion that the company is not required to be registered under Section 45-IA of the Reserve Bank of India, hence clause 3(xvi) of the order is not applicable.

22 - 08 -2017

Annexure II to the Independent Auditors’ Report of CONFEDERATION FOR AYURVEDIC RENAISSANCE KERALAM LIMITED as of and for the year ended March 31, 2017 (referred to in our report of even date)

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of Confederation for Ayurvedic Renaissance Keralam Limited (“the Company”) as of March 31, 2017 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the guidance note on audit of internal financial controls over financial reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the guidance note on audit of internal financial controls over financial reporting (the ‘Guidance Note’) and the standards on auditing (the ‘Standards’) issued by ICAI and deemed to be prescribed under section 143 (10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design 45 and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls over financial reporting. Meaning of Internal Financial Controls over Financial Reporting A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. Inherent Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Opinion In our opinion, the Company has, in all material respects, an adequate internal financial controls over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2017, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the guidance note issued by the ICAI.

Palakkad 22-08-2017

CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: REGD & ADM. OFF. NALUKETTU ROAD, KINFRA PARK PO,KORATTY, THRISSUR - 680309 BALANCE SHEET AS AT 31.03.2017 Note On 31.03.2017 On 31.03.2016 PARTICULARS No. Rs. Rs. Rs. Rs. I. EQUITY AND LIABILITIES 1. Shareholder's funds (a) Share Capital 3 3,39,80,000 3,39,80,000 (b) Reserves and Surplus 4 (4,20,44,400) (1,33,95,069) (c) Money received against share warrants 5 - - (80,64,400) 2,05,84,931 2. Share application money pending 6 - - 3. Non- current liabilities (a) Long-term borrowings 7 4,46,62,071 6,47,30,109 (b) Deferred Tax liabilities (Net) 35 - - (c) Other Long term liabilities 8 1,59,77,065 1,59,77,065 (d) Long-term Provisions 9 - - 6,06,39,136 8,07,07,174 4. Current Liabilities (a) Short term borrowings 10 3,08,21,259 3,06,62,319 (b) Trade payables 11 22,25,310 37,14,978 (c) Other current liabilities 12 4,07,20,530 1,44,42,439 (d) Short term provisions 13 - - 7,37,67,099 4,88,19,736 TOTAL 12,63,41,835 15,01,11,841 II ASSETS 1. Non-current assets (a) Fixed assets (i) Tangible assets 14 11,47,89,758 13,18,11,399 (ii) Intangible assets 14 - - (iii) Capital work-in-progress 14 - - (iv) Intangible assets under development14 1,18,468 1,18,468 (b) Non-current investments - - (c) Deferred tax assets (net) - - (d) Long-term loans and advances 15 6,70,160 6,44,701 (e) Other non-current assets 16 - - 115578386 13,25,74,568 2. Current assets (a) Current investments - - (b) Inventories 17 23,40,151 83,11,125 (c) Trade receivables 18 41,17,967 64,22,611 (d) Cash and Cash equivalents 19 28,88,317 2,81,471 (e) Short-term loans and advances 20 91,042 2,35,612 (f) Other current assets 21 13,25,972 22,86,454 1,07,63,449 1,75,37,273 TOTAL 12,63,41,835 15,01,11,841 NOTES FORMING PART OF THE III FINANCIAL STATEMENTS 1 TO 39 (0.00) For and on behalf of the Board As Per our Attached report of even date For Mahadevan & Sivarajan Chartered Accountants (006388S)

(Sd/-) (Sd/-) (Sd/-) Dr. P.R.Krishnakumar Dr. K. Anilkumar Sri. P. Sivarajan Chairman cum Director Vice Chairman cum Director Partner Place : Koratty Date: 22-08-2017

47 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: REGD & ADM. OFF. NALUKETTU ROAD, KINFRA PARK PO,KORATTY, THRISSUR - 680309 STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31.03.2017

PARTICULARS Note On 31.03.2017 On 31.03.2016 No. Rs. Rs. Rs. Rs.

I Revenue from operations 23 2,13,37,245 2,94,21,686 II Other Income 24 83,56,281 59,01,000 III Total Revenue (I + II) 2,96,93,526 3,53,22,685

IV Expenses Cost of Materials Consumed Purchases of Stock in Trade 25 66,78,416 1,88,11,622 Changes in inventories of finished goods, work in progress and Stock-in- trade 26 59,70,974 55,37,706 Employee benefits expense 27 1,01,84,174 83,63,771 Finance Costs 28 1,06,57,004 1,39,63,685 Depreciation and amortization expense 14 1,75,24,489 1,73,51,165 Other expense 29 73,27,802 56,85,488 Total Expense 5,83,42,858 6,97,13,437

Profit before exceptional and extraordinary items and tax V (III-IV) (2,86,49,331) (3,43,90,752)

VI Exceptional Items -

VII. Profit before extraordinary items and tax (V-VI) (2,86,49,331) (3,43,90,752)

VIII Extraordinary items - -

IX Profit before tax (VII-VIII) (2,86,49,331) (3,43,90,752)

X Tax expense: (1) Current tax - - (2) Deferred tax 35 - - - -

Profit/(Loss) for the period from continuing operations XI (IX - X) (2,86,49,331) (3,43,90,752)

XII Profit/(Loss) for the period from discontinuing operations - -

XIII Tax expense of discontinuing operations - -

Profit/(Loss) from discontinuing operations (after tax) XIV (XII-XIII) - -

XV Profit/(Loss) for the period (XI + XIV) (2,86,49,331) (3,43,90,752)

XVI Earnings per equity share: (1) Basic (8,257) (10,121) (2) Diluted (8,257) (10,121)

Particulars Profit/ (Loss) for the year (2,86,49,331) (3,43,90,752)

Weighted Average number of Equity Shares 3,469.90 3,398.00

Earnings Per Equity share – Basic & Diluted (8,257) (10,121)

Face Value per Equity Share (Rs.) 10,000 10,000

XVI NOTES FORMING PART OF THE FINANCIAL 1 TO I STATEMENTS 39

See accompanying notes to the financial statements For and on behalf of the Board As Per our Attached report of even date For Mahadevan & Sivarajan Chartered Accountants (006388S)

(Sd/-) (Sd/-) (Sd/-) Dr. P.R.Krishnakumar Dr. K. Anilkumar Sri. P. Sivarajan Chairman cum Director Vice Chairman cum Director Partner Place : Koratty Date: 22-08-2017

48 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: REGD & ADM. OFF. NALUKETTU ROAD, KORATTY, THRISSUR - 680309 CASH FLOW STATEMENT FOR THE YEAR ENDED 31.03.2017 Y.E 31.03.2017 Y.E 31.03.2016 CASH FLOW FROM OPERATING ACTIVITIES

Profit before Taxation & Extraordinary items (2,86,49,331.49) (3,43,90,751.61) Adjustments for : Interest and other Finance Charges 1,06,52,666.61 1,39,63,605.00 Depreciation 1,75,24,489.10 1,73,51,165.36 Other Non Cash items 2,99,745.00 2,99,745.00 Miscellaneous Income Loss/Profit on sale of Fixed Assets - 2,84,76,900.71 3,16,14,515.36 - Operating profit before working capital changes (1,72,430.78) (27,76,236.25)

Adjustment for :- Inventory 59,70,973.70 55,37,705.39 Sundry Debtors 23,04,643.70 1,77,984.00 Loans & Advances and other Current Assets 11,05,052.35 17,33,761.00 Trade payables (14,89,667.60) 11,23,848.00 Other Current Liabilities 86,95,000.17 5,91,907.97

1,65,86,002.32 91,65,206.36 Cash generated from operations 1,64,13,571.54 63,88,970.11 Taxes paid - - Net Cash generated from operations 1,64,13,571.54 63,88,970.11

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed Assets (8,02,593.00) (14,76,389.30) Long Term Advances (25,459.00) Sale of Fixed Assets (8,28,052.00) (14,76,389.30)

CASH FLOW FROM FINANCING ACTIVITIES

Borrowings Long Term (24,84,946.54) 18,11,407.00 Repayment Short Term 1,58,939.80 4,79,948.00 Interest and other Finance Charges (1,06,52,666.61) (1,39,63,605.00) Additional Capital Introduced - 23,62,500.00 Grant Received - (1,29,78,673.35) - (93,09,750.00)

Net Increase/Decrease in Cash/Cash Equivalants 26,06,846.19 (43,97,169.19)

Cash & Cash Equivalants at the Beginning of the year 2,81,471.24 46,78,640.00

Cash & Cash Equivalants at the end of the year 28,88,317.00 2,81,470.81

For and on behalf of the Board As Per our Attached report of even date For Mahadevan & Sivarajan Chartered Accountants (006388S)

(Sd/-) (Sd/-) (Sd/-) Dr. P.R.Krishnakumar Dr. K. Anilkumar Sri. P. Sivarajan Chairman cum Director Vice Chairman cum Director Partner Place : Koratty Date: 22-08-2017 49 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: REGD & ADM. OFF. NALUKETTU ROAD, KINFRA PARK P.O.,KORATTY, THRISSUR - 680309

NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017

1 CORPORATE INFORMATION:-

CARe-KERALAM Ltd. Established with the objective of promoting Kerala as a Global destination for sourcing Ayurvedic products and services of Internationally acceptable standards. CARe-KERALAM is a Special Purpose Vehicle (SPV) for setting up a Unit of infrastructure for input standardization for Ayurvedic medicines to take advantage of the growth potential of Ayurveda through quality medicines and services for the Ayurvedic Industrial (Functional) Cluster with Kerala as the location.

2 SIGNIFICANT ACCOUNTING POLICIES

A. General The Financial Statements are prepared under the historical cost convention, on the basis of a going concern and as per applicable Accounting Standards notified under section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014, [as amended] and other relevant provisions of the Companies Act, 2013. The Company follows mercantile system of Accounting and recognizes income and expenditure on accrual basis.

B. Valuation Of Inventories

Inventories are valued at Cost or Net Realisable value whichever is less, as specified in AS 2.

C. Use of Estimates

The preparation of Financial Statements requires the management of the group to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to the contigent liabilities as at the date of the Financial Statements and reported amounts of income and expenses during the year.

D. Fixed Assets And Depreciation

a) Fixed Assets are stated at cost of acquisition less depreciation. Costs imcludes all expenses incurred to bring the assets to its present location and condition. b) Depreciation on assets is provided on WDV method at the rates for Single shift and in the manner specified in Schedule II to the Companies Act, 2013. c) Lease Hold Land is shown at Lease Premium amount less to the extent not written off. d) Lease Premium amount on Lease Hold Land is being written off during the tenure of lease period.

E Depreciation / Amortisation

Depreciation / Amortization of fixed assets other than assets those used in production and Laboratory Sections is charged so as to write off the cost of the assets, on the following basis: TYPE OF ASSET METHOD OF DEPRECIATION USEFUL LIFE RATE / PERIOD Furniture & Fixtures Written Down Value 10 25.89% Motor Car Written Down Value 8 31.23% Written Down Value Computer & Accessories 3 63.16% Written Down Value Plant & Machinery 15 18.10% Written Down Value Building- Factory 30 9.50% Written Down Value Building- Office 60 4.87%

F. Miscellaneous Expenditure a) Preliminary expenses are to be written off during the first year of commercial operations. b) Pre-operative expenses are to be capitalized in the first year of commercial operations

G. Retirement Benefits

Being the initial years of operation, the company is yet to formulate its policy for retirement benefits to its employees.

H. Government Grant

Company has been sanctioned with a Grant of Rs.10 Crore from Department of AYUSH, Govt. of India which is in the nature of Promoters’ contribution and accordingly Grant from AYUSH amounting to Rs.10 Crore is shown under “Capital Reserve” which can be neither distributed as dividend nor considered as deferred income.

50 I. Impairment

At each Balance sheet date, the management reviews the carrying amount of its assets included in each cash generating and to determine whether there is any indication that those assets were impaired. If any such indication exists, recoverable amount of the assets is estimated in order to determine to the extent of impairment loss. Recoverable amount is the higher of the assets' net selling price and value in use. In assessing the value in use, the estimated future cash flows expected from the continuing use of the asset and from its disposal are discounted to their present value using a pre- tax discount rate that effects the current market assessment of the time value of money and risks specific to the asset. Reversal of impairment loss is recognized immediately as income in the statement of profit and loss.

J. Foreign Currency Transactions

Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transaction. Monetary foreign currency assets and liabilities (Monetary items) are reported at the exchange rate prevailing on the Balance Sheet date. Exchange differences relating to long term monetary items are dealt within the following manner:

1) Exchange differences relating to long term monetary items, arising during the year, in so far as they relate to the acquisition of depreciable capital assets are added to / deducted from the cost of the asset and depreciated over the balance life of the asset. 2) In other cases such differences are accumulated in a” Foreign Currency Monetary Items Translation Difference Account.” And amortized to the Profit & Loss account over the balance life of the long term monetary item. All other exchange differences are dealt within the Statement of Profit and Loss . Non Monetary items such as investments are carried at historical cost using the exchange rates on the date of transaction.

K. Cash and Cash Equivalents

The company considers all highly liquid financial instruments, which are readily convertible into cash and have original maturities of three months or less from the date of purchase , to be cash equivalents.

As At 31.03.2017 As At 31.03.2016 3 SHARE CAPITAL a Authorised Capital 6000 Equity Shares of Rs.10000/- each 6,00,00,000 6,00,00,000 (6000Equity Shares of Rs.10000/- each) As at31/03/2016 Add: Increases During the Year - - Closing Balance 6,00,00,000 6,00,00,000 b Issued, Subscribed and Paid up Capital 3398 Equity Shares of Rs. 10,000/-each 3,39,80,000 3,27,20,000 ( Out of above 1100 Equity shares of Rs.10000/- each is allotted for consideration other cash)

Add: Issued During the year NIL Equity Shares of Rs.10,000/- each - 12,60,000

Closing Balance 3398Equity Shares of Rs.10000/- each 3,39,80,000 3,39,80,000 ( Out of above 1100 Equity shares of Rs.10000/- each is allotted for consideration other cash)

List of share holders holding more than 5% of the paid up capital 1) KINFRA, Thiruvananthapuram -- 1100 shares @ Rs. 10,000/- per share 1,10,00,000 1,10,00,000 (1100 shares @ Rs. 10,000/- per share)

4 RESERVES AND SURPLUS As At 31.03.2017 As At 31.03.2016 a CAPITAL RESERVES Grant from Dept. of Ayush , G.o.I. Opening Balance 10,00,00,000 10,00,00,000 Add: Received during the Year - - Add: Interest transferred from Reserves - - Closing Balance 10,00,00,000 10,00,00,000

51 b CAPITAL REDEMPTION RESERVES - - c SECURITIES PREMIUM RESERVE

Opening Balance 36,92,500 25,90,000 (518 equity shares of Rs. 5,000/- each) (126 equity shares of Rs. 8,750/- each)

Add: Collected During the Year - 11,02,500

Closing Balance 36,92,500 36,92,500 (518 equity shares of Rs. 5,000/- each) (126 equity shares of Rs. 8750/- each) d DEBENTURE REDEMPTION RESERVE - - e REVALUATION RESERVE - - f SHARE OPTIONS OUTSTANDING ACCOUNT - - g OTHER RESERVES - - h PROFIT & LOSS ACCOUNT Opening Balance (11,70,87,569) (8,26,96,817) Add: (Loss)/Profit During The Year (2,86,49,331) (3,43,90,752) Add: Transfer to Grant - - Closing Balance (14,57,36,900) (11,70,87,569)

(4,20,44,400) (1,33,95,069)

5 MONEY RECEIVED AGAINST SHARE WARRANTS As At 31.03.2017 As At 31.03.2016

MONEY RECEIVED AGAINST SHARE WARRANTS - - - -

6 SHARE APPLICATION MONEY PENDING ALLOTMENT As At 31.03.2017 As At 31.03.2016

Opening Balance - - Add: Received during the year - - Less: Alloted during the Year - - Less: Refunded during the year - - Closing Balance - -

7 LONG TERM BORROWINGS As At 31.03.2017 As At 31.03.2016 a BONDS/DEBENTURES - - b TERM LOANS From Banks [Secured]

SBT-Ollur ,MTL - A/c No: 6714545783862 51,23,226 1,36,32,103

First charge on the whole movable properties of the company including its movable plant & machinery, machinery spares, tools & accessories & other movable, both present & future and Equitable mortgage of the Lease hold property admeasuring in total 4.1955 acres situated in Thrissur dist. , together with all buildings existing and / or to be constructed.

Terms of repayment: Repayable in 45 monthly installments of Rs. 6.85 lakhs each starting from June 2013 onwards.

52 SBT,Car Loan-A/C No:67174910355 - -

Hypothecated as and by way of first charge on the whole of the movable properties of the borrower including its movable plant & machinery spares, tools and accessories and other movables, both present and future ( save and except current asset and book debts) including the entire Current Assets of the Company present and future.Hypothecation charge favouring the bank to be noted with R.T.O. Office.

Period of loan: 60 months [59 installements @ Rs.11100/- each and 60th instalment @ 7100/-. Interest and other charges to be serviced as ;and when debited

SBT- Ollur, Additional MTL - A/c No:67227274525 66,81,710 1,02,30,153 First Charge on the entire machinery purchased out of Bank Finance and the margin portion.Equitable mortgage of 4.1955 acres of land of Muringoor, Thekkumuri Village.

Terms of repayment: Repayable in 60 monthly installments of Rs. 2.5 lakhs each starting from July 2014 onwards.

SBT, MTL (4 Crores) - A/c:No:67311546755 (Working Capital Loan) 3,28,57,135 4,08,67,853 First Charge on entire Current Assets of the Company. Working Capital Term Loan : 83 Installments @ Rs. 476191/- and final Installment Rs. 476147/-Repayable in 9 years starting from January 2017 onwards.

4,46,62,071 6,47,30,109 From Others - - 4,46,62,071 6,47,30,109 c DEFERRED PAYMENT LIABILITIES - - d DEPOSITS - - e LOANS & ADVANCES FROM RELATED PARTIES - - f LONG TERM MATURITIES OF FINANCE LEASE OBLIGATIONS - - g OTHER LOANS & ADVANCES - -

4,46,62,071 6,47,30,109

8 OTHER LONG TERM LIABILITIES As At 31.03.2017 As At 31.03.2016 a TRADE PAYABLES - - b OTHERS: Leasehold Land Premium Payable to KINFRA 1,59,77,065 1,59,77,065

1,59,77,065 1,59,77,065

During the year 2009-10 Company has been allotted 4.1955 Acres of Industrial Land on Long Term Lease for 90 years from 1-12.2009 in KINFRA Small Industries Park, Koratty, Thrissur District by KINFRA for a Total Lease Premium of Rs.269,77,065/- (Rupees Two Crores Sixty nine Lakhs Seventy seven Thousand and Sixty five only) and an Annual Lease Rent of Rs.420/-. Against this Lease premium amount payable to KINFRA, Company has allotted Equity Shares for Rs.110,00,000/- ( Rupees One Crore Ten Lakhs only) and the balance amount is payable in Ten Equal Annual Installments from the year December 2020. The Lease Premium Amount written off during the year is Rs.2,99,745/-.

9 LONG TERM PROVISIONS As At 31.03.2017 As At 31.03.2016 a PROVISION FOR EMPLOYEE BENEFITS - - b OTHERS - - - -

53 10 SHORT TERM BORROWINGS As At 31.03.2017 As At 31.03.2016 a LOANS REPAYABLE ON DEMAND FROM BANKS[SECURED ]: SBT- Ollur, CC - A/c No:67172962555 2,99,18,707 3,03,29,956

Hypothecated by way of First Charge all present & future goods, book debts and all other movable assets of the Borrower including document of title to the goods, outstanding monies, receivables, claims, bills, invoices, documents, contracts, insurance policies, guarantees, engagements, securities, investments and rights and the present & future machinery as Extended Equitable Mortgage by constructive delivery/deposit of documents of title of the properties admeasuring in total 4.1955 acres situated in Muringoor Kara, Thekkumury Village, Mukundapuram Taluk, Chalakudy Sub District, Thrissur District together with all buildings existing and or to be constructed thereon as collateral security.

SBT- Ollur, TOD - A/c No:67377874994 6,70,860 - 3,05,89,567 3,03,29,956

FROM OTHERS - - 3,05,89,567 3,03,29,956 b LOANS AND ADVANCES FROM RELATED PARTIES - - c DEPOSITS: EMD COLLECTED Agilent Technologies 90,000 1,00,000 Anchrome 1,00,000 1,00,000

RETENTION MONEY Retention - Garware - 35,736 Retention-Musthafa Erectors - 54,935 Retention - Sunil & Associates 41,692 41,692

OTHERS - - 2,31,692 3,32,363 d OTHER LOANS & ADVANCES: - - 3,08,21,259 3,06,62,319

11 TRADE PAYABLES As At 31.03.2017 As At 31.03.2016

TRADE PAYABLES 22,25,310 37,14,978

22,25,310 37,14,978 a Sundry Creditors are subject to confirmation/reconciliation.

12 OTHER CURRENT LIABILITIES As At 31.03.2017 As At 31.03.2016 a CURRENT MATURITIES OF LONG TERM DEBT SBT- Ollur,MTL- A/c No: 67145783862- Installment due in the year 2017-18 1,57,55,000 82,20,000 SBT- Ollur, Additional MTL-A/c No:67227274525-Installments due in the Year 2017-18 60,00,000 30,00,000 SBT ,Car Loan-A/c No:67174910355- Installments due in the year 2017-18 2,105 96,879 SBT, MTL (4 Crores) - A/c:No:67311546755 installments due in the year 2017-18 71,42,865 - 2,88,99,969.78 1,13,16,878.63 b CURRENT MATURITIES OF FINANCE LEASE OBLIGATIONS - - c INTEREST ACCRUED BUT NOT DUE ON BORROWINGS - - d INTEREST ACCRUED AND DUE ON BORROWINGS 53,87,372 - e INCOME RECEIVED IN ADVANCE - - f UNPAID DIVIDENDS - - g APPLICATION MONEY RECEIVED AND DUE FOR REFUND - - h UNPAID MATURED DEPOSITS AND INTEREST ACCRUED THEREON - - i UNPAID MATURED DEBENTURES AND ITEREST ACCRUED THEREON - - j OTHER PAYABLES: SUNDRY CREDITORS - OTHERS 1,55,707 2,44,518 1,55,707 2,44,518

54 ADVANCES RECEIVED 6,86,034 16,90,531

OTHERS : PROFESSIONAL TAX - 21,640 TDS Payable 1,13,436 999 CST Payable - 3 VAT Payable 53,326 21,696 Service Tax Payable 10,54,983 1,61,717 EPF & ESI PAYABLE 1,35,441 2,21,840 SWEEPING CHARGES PAYABLE - 12,849 ELECTRICITY CHARGES PAYABLE 1,15,551 1,36,226 INTERNAL AUDIT FEE PAYABLE 73,000 68,000 AUDIT FEE PAYABLE 60,000 60,000 TELEPHONE & INTERNET CHARGES PAYABLE 2,812 1,680 SALARY PAYABLE 9,237 4,69,859 STIPEND PAYABLE - 14,002 GRANT FROM DAME TO THE EXTEND UNUTILISED 27,73,661 - GRANT FROM CDBPHARMA CORPEIA COMMISSION TO THE EXTEND UNUTILISED 12,00,000 -

55,91,448 11,90,511

64,33,188 31,25,560

4,07,20,530 1,44,42,439

1 Current Maturities of Long term Loan includes unpaid EMI installments during the year.

Due to continuing Losses Company could not repay its Interest Obligations amounting to Rs.53,87,372.00 when the account has turned Non Peforming and Bankers has initiated action under SARFAESI Act. Hence the unrealised interest debited an d reversed by bank is 2 recognised as liability.The interest for the period from which the accounts have turned NPA which is not debited by bank amounting to Rs. 72,55,098/- is not recognised in Books of Accounts

During the year Company has received grant from DAME a sum of Rs. 66 Lakhs for execution of 2 projects . Out of this One Project is 3 partly completed, hence Unutilsed grant amoun t of Rs.27,73,661/- is not recoginsed as revenue.

4 During the Year Company has also received a sum of Rs.12 Lakhs from Pharma Copoeia Commission for execution of a Project, since any activity under the Project has not commenced no amount is recognised as revenue. 5 Sundry Creditors and other personal accounts are subject to confirmation/reconciliation.

13 SHORT TERM PROVISIONS As At 31.03.2017 As At 31.03.2016 a PROVISION FOR EMPLOYEE BENEFITS - - b OTHERS - - -

15 LONG TERM LOANS AND ADVANCES As At 31.03.2017 As At 31.03.2016 a CAPITAL ADVANCES b SECURITY DEPOSITS GUEST HOUSE RENT ADVANCE - - KSEB DEPOSIT 4,61,561 4,69,144 BPCL GAS DEPOSIT 1,700 1,700 SECURITY DEPOSIT OUSHADHI 1,00,500 1,00,500 KVAT SECURITY DEPOSIT [ FD 67100498516] - 66,958 SECURITY DEPOSIT FSSAI 1,00,000 - TELEPHONE DEPOSIT 6,399 6,399 6,70,160 6,44,701 c LOANS AND ADVANCES TO RELAED PARTIES - - d OTHER LOANS AND ADVANCES - -

6,70,160 6,44,701

55 16 OTHER NON CURRENT ASSET As At 31.03.2017 As At 31.03.2016 a LONG TERM TRADE RECIEVABLE - - b OTHERS:

PRELIMINARY EXPENSES Opening Balance - - Less: Transferred during the Year - - Closing Balance - -

PRE- OPERATIVE EXPENSES Opening Balance - - Add: Expenditure Met during the year salary - - Interest on Term Loan - - Boiler Running Expenses - - consultancy charges - - Electricity Charges - - Generator Running Expenses - - Insurance - - Management Consultancy Charges - - Professional Fee Paid - - RATES & TAXES - - SWEEPING CHARGES PAID - - TRAVELLING EXPENSES - - Less: Transferred during the Year - -

Closing Balance - -

- -

17 INVENTORIES As At 31.03.2017 As At 31.03.2016 a RAW MATERIALS Production Chemicals 9,05,402 14,50,620 9,05,402 14,50,620 b WORK IN PROGRESS - - c FINISHED GOODS - - d STOCK IN TRADE - - Ayurvedic Raw Materials 9,51,321 68,60,504 9,51,321 68,60,504 e STORES & SPARES - - f LOOSE TOOLS - - g OTHERS LABORATORY & STORES INCLUDING GLASSWARES 4,83,428 - 4,83,428 -

23,40,151 83,11,125

18 SUNDRY DEBTORS As At 31.03.2017 As At 31.03.2016

(UNSECURED,CONSIDERED GOOD UNLESS OTHERWISE STATED)

LESS THAN SIX MONTHS 21,47,770 36,05,542

MORE THAN SIX MONTHS 19,70,198 28,17,068

41,17,967.49 64,22,610.7

56 In the opinion of the Board, Current Assets, Loans and Advances have a value on realization in the ordinary course of business, at least a equal to the amount at which they are stated. b Balances of Loans,advances,sundry debtors are subject to confirmation/reconciliation.

19 CASH AND CASH EQUIVALENTS As At 31.03.2017 As At 31.03.2016 a BALANCE WITH BANKS SBI KORATTY CA: 67140368443 9,431 2,48,111 SBI Melloor CA :7384 28,50,742 - SBT OLLUR - TRA 1- CA: 67092776341 SBT OLLUR - TRA 2 CA: 67092776192 - 68 SBT OLLUR - TRA-3 CA: 67092776443 10,236 5,414 28,70,410 2,53,593 b CASH IN HAND 16,467 26,439 c OTHERS INTEREST ACCRUED ON FD 1,440 1,440 1,440 1,440

28,88,317 2,81,471

20 SHORT TERM LOANS AND ADVANCES As At 31.03.2017 As At 31.03.2016 a SHORT TERM ADVANCES TO RELATED PARTIES - - b OTHERS: SECURITY DEPOSITS Security at CTCP, Gopalapuram 91,042 91,042 EMD-Oushadhi - 1,44,570 91,042 2,35,612

91,042 2,35,612

21 OTHER CURRENT ASSETS As At 31.03.2017 As At 31.03.2016

OTHER RECIEVABLES T D S A.Y. 2006-07 5,956 5,956 T D S A.Y.2007-08 21,918 21,918 TDS A Y13-14 44,858 44,858 TDS-A Y 16-17 - 1,54,194 TDS AY 17-18 1,77,712 TCS A Y 13-14 23,819 23,819 VAT Refundable F.Y.2013-14 - 29,394 VAT-Special Rebate Adjustable 45,171 42,084 Sales Tax - Advance Tax - 12,000 GRANT RECEIVABLE FROM CDB - 9,19,700

3,19,434 12,53,923

OTHERS PREPAID EXPENSE 1,38,053 20,844 NISHAKATHAKATHI KASHAYAM PROJECT 6,60,851 6,50,851 DIESEL STORES & SPARES - 51,287 ADVANCE TO STAFF - 4,549 ADVANCE ON PURCHASES & EXPENSES: ON EXPENSES 1,42,634 - ON FIXED ASSETS 65,000 3,05,000

10,06,538 10,32,531

13,25,972 22,86,454

57 22 CONTINGENT LIABILITIES AND COMMITMENTS As At 31.03.2017 As At 31.03.2016 (to the extent not provided for) a CONTINGENT LIABILITIES CLAIMS AGAINST COMPANY NOT ACKNOWLEDGED AS DEBT - - GUARANTEES - -

OTHER MONEYFOR WHICH THE COMPANY IS CONTINGENTLY LIABLE

DEPARTMENT OF AYUSH 10,00,00,000 10,00,00,000

10,00,00,000 10,00,00,000 b COMMITMENTS ESTIMATED AMOUNT OF CONTRACTS REMAINING TO BE - - EXECUTED ON CAPITAL ACCOUNTAND NOT PROVIDED FOR UNCALLED LIABILITY ON SHARES AND OTHER INVESTMENTS - - PARTLY PAID OTHER COMMITMENTS - - - -

10,00,00,000 10,00,00,000

58 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: REGD & ADM. OFF. NALUKETTU ROAD, KINFRA PARK PO,KORATTY, THRISSUR - 680309 NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017

23 REVENUE FROM OPERATIONS Y.E. 31.03.2017 Y.E. 31.03.2016 ( Rs.) ( Rs.) a SALES OF PRODUCTS Interstate Sales 8,98,269 27,72,929 Sales Local 5% 68,28,745 1,37,87,003 Sales Local 1% - 3,48,595 Sales Local - Exempted 12,07,424 64,67,967 89,34,438 2,33,76,493 LESS: SALES RETURNS - 1,39,389

NET SALES 89,34,438 2,32,37,104

b SALES OF SERVICES Laboratory Testing Receipts 70,24,377 44,74,065 70,24,377 44,74,065 c OTHER OPERATING REVENUE

Job work charges 53,78,431 17,10,517 53,78,431 17,10,517

2,13,37,245 2,94,21,686

Y.E. 31.03.2017 Y.E. 31.03.2016 24 OTHER INCOMES

a INTEREST

Interest Received on IT Refund 7,900 22,982 Interest received on Sales Tax Security Deposit 19,060 - Interest on Electricity Deposits 37,910 32,112 64,870 55,094 b OTHER NON OPERATING INCOME

Seminar Registration & Sponsorship Fees - 6,37,237 Discount Received - 6,683 Loan-License fee - 57,600 Production Labour charges 1,49,016 47,671 Training Fees Received 4,54,870 - Grant from Ayush - 27,13,360 Grant Received from CDB 3,13,400 - Grant Received from DAME 38,26,339 16,75,000 Sundry Balance Written Off 19,58,325 - Packing & Forwarding 12,89,315 5,30,330 Miscellaneous Income 3,00,146 1,78,025 82,91,411 58,45,906

c During the year 2013-14 the Company has obtained sanction for grant from Cocunut Development Board for execution of 3 projects . However, the Company could not complete all the three projects with in 3 years.Out of the total Grant amounts of Rs. 1,05,00000/- upto 31/03/2017, Company has received Rs. 52,50000/- during 2013-14, 8,30600/- during 2015-16 and 12,33,100 during the year 2016-17.The Company has recognised revenue of Rs. 35 Lakhs during 2013-14, Rs.35 Lakhs during 2014-15 and Rs. 3,13,400.00 during 2016-17.

59 25 Y.E. 31.03.2017 Y.E. 31.03.2016 a PURCHASES Purchases -Interstate 13,34,953 59,38,008 Purchases - Local 5% 23,25,005 39,24,179 Purchases - Local 14.5% 7,60,682 8,10,923 Purchases - Local- Exempted 12,07,294 55,34,696 Purchases- u/s 6(2) 5,81,303 17,45,423 62,09,237 1,79,53,230 LESS : PURCHASES RETURNS Interstate Purchases - 57,785 Purchases- u/s 6(2) 9,03,412 - 53,05,825 1,78,95,445 b PURCHASE EXPENSES Carriage Inwards 63,221 18,193 Loading and Unloading charges 38,299 79,854 Packing & Forwarding - 4,513 Production expenses 3,55,569 3,90,250 4,57,089 4,92,810

c OTHER DIRECT EXPENSES Boiler Running expenses 2,62,122 1,48,797 Laboratory expenses 6,30,175 2,33,410 Lab Testing expenses 23,205 41,160 9,15,502 4,23,367

66,78,416 1,88,11,622

Y.E. 31.03.2017 Y.E. 31.03.2016 26 INCREASE/DECREASE IN STOCK Closing Stock of materials 23,40,151 83,11,125 Less: Opening Stock 83,11,125 1,38,48,830 Increases/Decreases in Stock 59,70,974 55,37,706

Y.E. 31.03.2017 Y.E. 31.03.2016 27 EMPLOYEE BENEFITS EXPENSES

a SALARIES & WAGES Managing Director - - Others 84,96,961 73,41,576 84,96,961 73,41,576 b CONTRIBUTION TO PROVIDENT & OTHER FUNDS Provident Fund 7,56,486 5,90,780 ESI 1,92,439 1,44,276 Labour Welfare Fund 2,526 - 9,51,451 7,35,056 c OTHER ALLOWANCES Earned Leave paid 4,75,123 1,30,455 Refreshment Expenses 2,04,639 1,28,184 Festival Allowances 56,000 28,500 7,35,762 2,87,139

1,01,84,174 83,63,771 60 Y.E. 31.03.2017 Y.E. 31.03.2016 28 FINANCE CHARGES

a INTEREST EXPENSES Interest on VAT payment 35 80 Interest on TDS 4,302 - Interest on Car Loan 5,403 25,436 Interest on Working Capital Borrowings 33,58,777 38,94,720 Interest on Term Loans 69,99,575 99,63,274 1,03,68,092 1,38,83,510

b OTHER BORROWING COSTS Bank charges 2,88,912 80,175 2,88,912 80,175

c NET GAIN/LOSS ON FOREIGN CURRNECY TRANSACTIONS - -

1 The interest for the period from December 2016 when the Loan accounts have turned NPA not debited by bank amounting to Rs. 72,55,098/- is not recognised as a liability by the Company. 1,06,57,004 1,39,63,685

Y.E. 31.03.2017 Y.E. 31.03.2016 29 OTHER EXPENSES

a CONSUMPTION OF STORES & SPARES - -

b POWER & FUEL 16,41,422 17,04,610

c RENT 500 420

d INSURANCE CHARGES 86,777 75,312

e RATES & TAXES EXCLUDING TAXES ON INCOME 1,42,469 2,23,743

f MISCELLANEOUS EXPENSES: Audit Fees 60,000 60,000 Advertisement & Publicity Expenses 1,10,127 52,386 A.M.C. Charges 3,61,701 4,36,036 Newspaper & Periodicals 2,500 3,280 Expenses on DAME Project 5,21,739 - Carriage Outward 16,596 53,439 Certification Charges 4,15,339 58,962 Common Facility Charges 2,07,658 1,88,791 Discount Allowed 1,33,778 9,710 Filing fees paid to R.O.C. 25,175 21,500 Generator Running Expenses 22,689 78,937 ISO Surveillance Charges - 18,000 Lease Premium written off 2,99,745 2,99,745 Training Expenses 10,604 4,35,506 Medical Aid 1,420 3,602 Meetings & Seminars 60,074 69,910 Postage & Courier expenses 68,819 55,923 Printing & Stationery 83,194 1,13,257 Professional Fees paid 3,35,990 3,34,255 Repairs & Maintenances 5,18,812 4,04,586 Security Service charges 2,60,000 2,40,000 Service Tax Paid 10,05,634 - Subscription to KINFRA Association 4,750 2,500 Office Expenses 2,16,949 2,16,304 Telephone & Internet expenses 1,07,227 1,28,615 Travelling Expenses 4,16,852 1,75,926 61 Vehicle Running & Maintenance 92,889 1,07,269 Water Charges 96,372 1,12,964 54,56,633 36,81,403

73,27,802 56,85,488

Being the initial years of operation Company is yet to formulate retirement benefit policies. hence no provision is 30 created in the accounts for the same.

During the year 2008-09 Company has been sanctioned a Grant of Rs.10 Crores by the Department of AYUSH, Govt. of India in the nature of Promoters’ contribution towards a total Capital out lay of Rs. 17.88 Crores. Out of 31 the Grant sanctioned a sum of Rs.282 Lakhs has been received up to 2008-09 and a sum of Rs. 618 Lakhs during the year 2010-11 and the same has been taken to Capital Reserve which can be neither distributed as dividend nor considered as deferred income.

None of the Enterprises supplying Goods or rendering services to the Company who are engaged in Manufacturing or production of Goods are rendering or providing services have given any information as required under “The 32 Micro Small and Medium Enterprises Development Act, 2006”.Hence the Company is not in a position to disclose the required information nor provided any liabilities as required under the said Act.

The Company is a Small and Medium Sized Company as defined in the General instructions in respect of 33 Accounting Standards notified under the Companies Act,1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

During the year 2009-10 Company has been allotted 4.1955 Acres of Industrial Land on Long Term Lease for 90 years from 1-12.2009 in KINFRA Small Industries Park, Koratty, Thrissur District by KINFRA for a Total Lease Premium of Rs.269,77,065/- (Rupees Two Crores Sixty nine Lakhs Seventy seven Thousand and Sixty five only) 34 and an Annual Lease Rent of Rs.420/-. Against this Lease premium amount payable to KINFRA, Company has allotted Equity Shares for Rs.110,00,000/- ( Rupees One Crore Ten Lakhs only) and the balance amount is payable in Ten Equal Annual Installments from the year December 2020. The Lease Premium Amount written off during the year is Rs.2,99,745/-.

35 Deferred Tax Liability/Asset. Since the net computation of Deferred Tax is an asset the same is not accounted for as a measure of prudence

62 36 Related Party Disclosure

DETAILS OF RELATED PARTY TRANSACTIONS

Holding Subsidiary Other Related Management Total as on Transactions Company Company Parties Key Personnels 31/03/2017

Share Application Money: Dhanwanthari Vaidyasala

Sales & Services:

Bipha Drug Laboratories 98,624 98,624.00 Kandamkulathy Vaidyasala 11,61,217 11,61,217.00 Kerala Ayurveda Ltd 9,43,913 9,43,913.00 Sitaram Ayurveda Pharmacy 69,661 69,661.00 Sreedhareeyam Ayurvedic Medicines Pvt.Ltd 5,52,100 5,52,100.00 Sree Sankara Ayurveda Vaidyashala 3,19,141 3,19,141.00 The Arya Vaidya Pharmacy 8,06,087 8,06,087.00 Artha Herbs (Extracts And Derivatives (India))Pvt.Ltd 1,181 1,181.00 Vaidyaratnam Oushadhasala 16,16,223 16,16,223.00 Pvt. Ltd 1,32,582 1,32,582.00 Vaidyaratnam Ayurveda Foundation- Lab - - Warriers Hospital & Panchakarma Centre 21,84,708 21,84,708.00 Natura Bio-Science Industries 10,66,549 10,66,549.00 Nagarjuna Herbal Concentrates Ltd 40,020 40,020.00

Balance Due from Company:

Warriers Hospital & Panchakarma Centre (1,44,418) (1,44,418.00)

Balance Due to Company:

Bipha Drug Laboratories 49,957 49,957.00 Kandamkulathy Vaidyasala 1,19,439 1,19,439.13 Kerala Ayurveda Ltd 1,66,309 1,66,309.00 Sitaram Ayurveda Pharmacy 42,196 42,196.00 Sreedhareeyam Ayurvedic Medicines Pvt.Ltd 55,897 55,897.00 Sree Sankara Ayurveda Vaidyashala 1,84,913 1,84,913.00 The Arya Vaidya Pharmacy 3,49,824 3,49,824.00 Vaidyaratnam Oushadhasala 3,13,570 3,13,570.44 Warriers Hospital & Panchakarma Centre - - Natura Bio-Science Industries 2,90,992 2,90,992.00 Nagarjuna Herbal Concentrates Ltd 22,872 22,871.54

37 Details of Import a) Value of Imports NIL b) Expenditure incurred in Foreign Exchange NIL

38 Previous Year figures are regrouped where ever found necessary.

63 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017 ANNEXURE V As At 31.03.2017 As At 31.03.2016 SUNDRY DEBTORS (UNSECURED,CONSIDERED GOOD UNLESS OTHERWISE STATED)

LESS THAN SIX MONTHS

Amba Exports - Lab 2,088.00 - Arogya Medicare - Lab 1,680.00 - Artocarpus Foods Pvt.Ltd - Lab 240.50 - ATM Vaidyaraj Oushadhasala - 14,885.00 AVT Natural Products - Lab 17,084.25 - Ayur Sidha Pharmaceuticals -JW 32,509.00 - Body Tree Naturals - Lab 805.00 - Carborundum Universal Ltd - Lab 11,550.00 - Carborunsum Universal Ltd ,Kalamassery - Lab 47,150.00 - Central Warehousing Corporation - Lab 405.00 - Chamakkatt Herbal Products - 39,900.00 Chethana Medicaments Pvt.Ltd - Lab 5,520.00 - Cochin Test House - Lab 27,025.00 - Combined Pharmaceuticals 1,884 80,596.00 Dhanya Oil Traders & Industries - Lab 77.00 - Dynamic Techno Medicals - Lab 4,160.00 - Elje Ayurveda Hospital - JW 2,997.00 - Indian herbs & Pharmaceuticals - 4,436.00 Indian Herbal Care - JW 3,600.00 - Bipha Drug Laboratories -Lab 49,957.00 18,213.15 Bipha Drug Laboratories Pvt. Ltd 20,425.00 1,20,425.00 Kandamkulathy Vaidyasala 65,099.13 92,518.13 K.P.Pathrose Vaidyan's - Kandamkulathy Vaidyasala - JW 16,274.00 - Kerala Ayurveda Ltd - Lab 40,333.00 5,318.00 Kerala Ayurveda Ltd - JW 20,271.00 - Sitaram Ayurveda Pharmacy Ltd 16,482.00 2,32,182.00 Sitaram Ayurveda Pharmacy -Lab 25,714.00 57,434.00 Sreedhareeyam Ayurvedic Medicines Pvt. Ltd - Lab 41,229.00 32,461 Sree Sankara Ayurveda Vaidyasala 95,443.00 2,49,764.00 Sree Sankara Ayurveda Vaidyasala - Lab 89,470.00 - The Arya Vaidya Pharmacy- Lab 2,15,569.00 2,92,095.00 Vaidyaratnam Oushadhasala -Lab 1,032.00 - Vaidyaratnam Oushadhasala -JW 2,67,272.19 2,96,486.19 Warriers Hospital & Panchakarma Centre - 2,00,028.00 Warriers Hospital & Panchakarma Centre - Lab 65,554.00 18,337.00 Natura Bio-Science Industries -JW 2,37,036.01 4,87,790.00 Nagarjuna Herbal Concentrates Ltd - Lab 22,871.54 14,666.00 Vaidyaraj Oushadhasala - JW 24,464.41 15,268.41 Institute of Indian Therapies JW 39,250.00 - Institute of Indian Therapies Lab 28,980.00 - Indian Pharma 1,365.00 - Mediflora Herbal Solutions - Lab - 2,139.00 Bhaskara Vilasom Vaidyasala - 11,612.50 Eastern Herbals P. Ltd - 17,966.00 Livlong Nutraceuticals Ltd - Lab 3,534.84 21,429.00 Maharshi Ayur Lab Kerala Pvt.Ltd - Lab 6,475.00 - Maison Perumal -Lab 17,701.00 - 64 Manjilas Food Tech P.Ltd -Lab 2,530.00 - Natural Health Care -JW 2,141.00 - Peringottuthodiyil Herbals - 12,195.00 Najeeb - Lab 3,738.00 - Sri Sri Ayurveda Trust - 1,95,096.45 Maruthi Pharmaceuticals - 3,282.00 Sree Rajgopal Vaidyasala - 3,215.00 Amrutha Life Ayurvedic Health Care - Lab - 1,32,500.73 Elite Foods Pvt Ltd - Lab - 56,779.00 Pankajakasthuri Herbals India P. Ltd - Lab 22,956.00 22,948.00 Sastha Herbals Pvt.Ltd 2,780.00 - Synthite Industries Ltd- Lab - 20,968.00 Ahammed Fiyas K. - Lab - 5.00 Akay Flavours & Aromatics Pvt Ltd -Lab 502.00 9,942.00 A K Mukhargee - Lab - 22,900.00 anna aluminium co p ltd lab 15,458.50 Arya Maharshi Ayurvedics - Lab 990.00 3,550.00 Ashique Enterprises (Thai. Food) - Lab - 1,145.00 ATM Vaidyaraj Oushadhasala- JW - 8,321.00 Benzy Food & Beverages - Lab - 2,519.00 Bodhi Pharmacy -JW 2,523.00 - C. A. Vincent - Lab - 416.00 Aarshveda Wellness P Ltd - Lab -.00 14,569.00 Dr. A. Ramteke - Lab - 2,290.00 Dr. Dhanya P.V. - Lab - 1,489.00 Dr.Joshwa F. Suresh - Lab - 3,876.00 Dr.Manoj Scientific Officer - Lab 6,239.00 - Dr.M.T.Kanakamany - Lab 9,221.00 - Dr.Nabeela K.T. - Lab 4,452.00 - Dr.Shafi Tashkent - JW 2,552.00 - Flora Hotel – Lab - 3,435.00 Flora Natural Flavours & Extracts P. Ltd - Lab - 1,719.00 Food Quality Laboratory & Research Centre - Lab -.00 12,692.00 Green Valley Condiments - Lab 46,170.00 - Green Health Herbal & Remedies (P) Ltd - JW 35,965.80 - Haritha Pharmaceuticals Lab - 25,357.00 Hill Gold Trading Company- Lab - 1,863.00 ILLBAN Remedies P. Ltd - Lab 11,400.00 3,856.00 IZZarth Herbs - Lab -.00 18,804.00 Jose P.L - Lab - 4,540.00 Kadambalil Oil and Flower Mills - Lab 1,851.00 - Kalan Pharmaceuticals - Lab - 9,389.00 KBC Industries LLP - Lab - 143.00 Keerthi Divakaran - Lab 1,070.00 - Keratech P. Ltd - Lab - 0.25 Kittan S.Fried Chicken & Restaurant - Lab 386.00 - K.K.R. Food Products(Nirapara) - Lab 5,865.00 - K.R.Bakes Pvt.Ltd - Lab 19,668.00 - Krishna Coffee Works - 3,813.00 K.V.Trading Company - Lab 690.00 - Lab Products - Lab 977.00 - Livlong Nutraceuticals Ltd - JW 1,11,309.00 - Malabar Ayurveda Ashram 219.00 - Medileaves Ayurveda Pvt Ltd - Lab - 2,290.00 Meriboy Icream - Lab 1,225.00 - Moolan's International EXIM - Lab - 2,580.00 M/s. Amrita Life -Lab 3,440.00 -

65 Muttikulangara Oil - Lab 3,980.00 - National Food Industries - Lab 14,950.00 - Navya Bakes & Confectioneries India Pvt Ltd - Lab 57,960.00 - New Associate Pharma - Lab 1,800.00 - New Cochin Bakery - Lab 51,520.00 - Oushadha Chandrika - Lab - 2,435.00 Poonthottam Ayurvedasram - Lab - 1,489.00 Rajah Healthy Acres Pvt Ltd - Lab - 2,247.00 Ratheesh Kumar C.B. - Lab 886.00 - Real Ayurvedics - Lab - 5.00 Saravans Food Products -Lab - 6,931.00 Seamount Exports and Imports -Lab 4,600.00 - Shibu P.Kuriakose - Lab 1,840.00 - Siddhayur Health Private Ltd - JW 7,072.00 - Sree Lakshmi Exports - Lab - 1,435.00 Sreedhary Pharmaceuticals 3,683.00 - St.Martin Adoration Convent - Lab 386.00 - St. Paul's Pharmacy - Lab - 1,786.00 Systa Pharma Labs (P)Ltd - Lab 24,840.00 - The Director CIFT - Lab - 54,502.00 The Director JNTBGRI - Lab - 9,933.00 Udyan Soaps and Detergents - Lab 4,140.00 - Variety Pharmaceuticals (P) Ltd 7,130.00 - Vedasutra Herbal Health Care - Lab - 35,152.00 Vetas Pharmaceuticals - Lab - 4,466.00 Vishnu Pharmaceuticals - Lab 5,405.00 - Agastyaa Henitage Ayurvedic Centre -JW 1,500.00 12,198.00 Alpha Ayurvedic - JW - 41,791.00 Aravind Ayurvedic Pharmacy - JW - 6,182.00 Aravind Ayurvedic Pharmacy 44,936.00 - Ayurveda India -JW - 1,633.00 Sivasakthi Pharmaceuticals - Lab - 14,475.00 Systa Pharma Labs (P)Ltd -JW 5,200.00 - Changampally Ayurveda Vaidyasala -JW - 4,093.00 Chinnus Ayurvedic Pharma & Clinic - JW - 2,940.00 Classical Ayurveda - JW - 5,775.00 Dr. M.K. Ponnappan - JW - 4,135.00 Suraj Pharmaceuticals -JW - 5,465.00 Amba Ayurveda Vaidyasala - 38,768.00 Bhatteri Madom - 6,057.00 CKKM Pharmacy - 10,066.00 Dhanwanthari Herbal Products - 76,696.00 Dr.Franklins Herbal Remedies Trading - 76,401.00 Madhava Pharmaceuticals Laboratories 4,586.00 50,419.00 National Research Institute for Panchakarma - 1,47,798.00 Sahachara Herbals 29,919.00 14,798.00 Sree Krishna Ayurveda Hospital - 9,381.00 Sree Ramakrishna Pharmacy - 6,195.00

21,47,769.67 36,05,542.31 MORE THAN SIX MONTHS

ATM Vaidyaraj Oushadhasala- JW 8,321.00 - Kandamkulathy Vaidyasala - Lab 38,066.00 79,454.00 Kerala Ayurveda Ltd 1,05,705 1,13,617.00 Sreedhareeyam Ayurvedic Medicines Pvt. Ltd 14,668.00 14,668.00 The Arya Vaidya Pharmacy 1,34,255.00 1,63,771.00 Artha Herbs (P. )Ltd - 1.92

66 Vaidyaratnam Oushadhasala (P.) Ltd 46,298.25 45,771.75 Natura Bio-Science Industries -Lab 53,955.99 - Dhanwanthari Herbal Products 31,696.00 - Safety Foods Pvt Limited - 69,232.00 Aranya Ayurveda Vydyasala 3,081.00 13,081.00 Ayur Sidha Pharmaceuticals 17,786.50 59,661.50 Haritha Pharmaceuticals 4,368.00 22,011.00 Maruthua Pharma 1,84,327.00 2,34,327.00 Medileaves Ayurveda P.Ltd 92,371.00 92,371.00 National Research Institute for Panchakarma 2,161.00 - Parassinikadavu Ayurveda Medical College (Pharmacy) 14,998.00 14,998.00 Santhigiri Ayurveda & Sidha Vaidyasala - 44,800.00 Sidha Herbal Products 1,22,105.00 1,22,105.00 Sidheswara Drugs - 63,865.50 SPS Bio Science 60,000.00 60,000.00 Vaidya Ratna Prabha Vaidyasala 29,561.00 29,561.00 Thiruvananthapuram Ayurveda Oushadha Nirmana 21,864.00 21,864.00 Ashtapathi Ayurvedics 4,90,885.00 4,90,885.00 Francis Vaidyan Ayurveda Vaidyasala (P) Ltd 1,95,006.00 1,95,006.00 Aykara Pharmaceuticals - 19,005.00 Deeseeya Ayurvedic Pharmacy - 26,385.00 Kamadhenu Ayurveda Pharmaceuticals - 18,429.00 Lalitha Ayurveda Pharmacy 12,489.00 12,489.00 Lysa Bijoy - 4,696.00 Parathuvayalil Pharma Products - 22,731.00 Thejuss Pharmaceuticals - 10,690.00 Institute of Indian Therapies Lab - 2,977.00 Kancore Ingredients Limited - Lab 17,932 66,422.00 Pharmaceutical Corporation (IM) Kerala Ltd - Lab 1,995.00 1,995.00 Bharath Vaidyasala - Lab 997.50 H.S. Lakshmi Chand - Lab - 1,504.12 MIMS Research Foundation -Lab -.00 2,883.00 Plant Lipids (P) Ltd -Lab 9,760.00 1,947.00 Visesh Ayurved India P. Ltd - Lab - 211.00 Ayurker Products P. Ltd - JW - 12,982.00 Bodhi Pharmacy -JW - 5,675.20 ILLBAN Remedies P. Ltd – JW - 28,115.78 Pattiam Social Service Society - JW - 8,710.00 Vedasutra Herbal Health Care Ltd -JW - 3,296.00 Alpha Ayurvedic Pharmaceuticals - 70,973.83 Arya Vaidya Vilasini Vaidyasala - 25,672.76 AVN Ayurveda Formulations P. Ltd - 1,18,826.99 Malabar Ayurveda Ashram - 1,67,026.00 Panakkal Pharmaceutical -.00 11,136.00 Pharmaceutical Corporation (IM) Kerala Ltd 61,447.13 85,043.16 Nambiath Ayurvedic - Lab -.00 2,547.00 Sri Sri Ayurveda Trust 1,95,096.45 - SRD Ayurvedics & Nursing Home - 8,211.88 Suraj Pharmaceuticals -.00 45,660.00 The Sadvaidyasala Private Limited - 59,872.50 Visesh Ayurvedics India (P.)Ltd - 18,906.00

19,70,197.82 28,17,068.39 41,17,967.49 64,22,610.7

67 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017 ANNEXURE I As At 31.03.2017 As At 31.03.2016

TRADE PAYABLES

Albert & Sons 53,797.50 3,99,485.50 Azad Traders - 350.00 Ashok Trading Company - 24,332.00 Akhil Healthcare Pvt.Ltd 21,427.00 - Anchrom Analytical Pvt. Ltd 50,166.00 - Anets Chemicals 851.01 - Crescent Lab Equipments 12,000.00 - Dhanya Oil Traders & Industries 1,50,500.00 1,70,000.00 Himalayan Herbs - 35,496.00 Indras Agencies P. Ltd -.00 - Jose P.A. 14,825.00 - Lakshmi Trading Company 20,203.00 1,25,203.00 NABL Certification Payable 1,77,490.00 - KINFRA Park, Koratty 54,355.40 - K.K.Traders - 307.00 NGPL Paper Packs Pvt. Ltd -.00 - Perfect Calibration Centre (P.) Ltd 25,000.00 - Prasan Solutions India Pvt. Ltd. 7,200.00 - R. Biopharma Neugen 1,179.00 - Santhosh,Munnar 28,249.00 - Sharada Brothers - 22,340.00 Shri. Jeffin Jos - 37,980.00 Signature Security Services 23,560.00 - Tandon Trading Co. - 205.00 BVN Instruments (Madras) P. Ltd 60,238.01 - Chemical House 59,035.99 1,064.00 Chemik Chemicals -Lab 8,705.00 16,558.00 Institute of Microbial Technology - 495.00 Lab India Analytical Instruments (P) Ltd 41,079.00 - Laboratory Equipment Stores - 4,123.00 Lab Link 8,462.00 11,072.00 Modern Scientific Solutions 2,63,945.34 1,08,652.00 Rotek Instruments 4,408.00 6,034.00 Sai Durga Food & Feeds - 21,250.00 Vision Scientific 46,811.00 30,804.00 Esjay Poly Products P. Ltd - 29,559.00 Nirjara Pharma 41,494.00 82,161.00 PALS Paper Products(Bastian) - 17,895.00 Sterling Bio-Tech, Ootty 1,30,530.00 285.00 V Care Medicos 18,165.00 4,620.00 Neogen Food & Animal security - Lab 2,645.00 4,580.00 STIC Testing - 28,625.00 Balakrishnan K.(Naikarana Parippu) - 2,08,456.00 Divakaran Kanath(Chittarutha) - 8,908.00 Kalyan Traders 44,390.00 1,69,468.00 Nature Agro Complex 4,69,742.50 5,41,666.00 Pandiyan C. - 1,10,834.50 Sholayur Panchayat Samithi 1,76,499.70 8,81,151.70 Sreenivasan(Kattupadavalam) - 4,57,380.00 ABP & Associates 53,549.50 27,658.00 Adv. Jinish Paul 25,030.00 1,720.00 Agilent Technologies 81,416.45 0.29 Anpharma Equipment - 250.00 Dass Studio - 500.00 68 ME Designers - 6,794.00 Shakti Pharmatech(P)Ltd - 1,148.00 Stamps India 39,305.00 3,640.00 WQA Assessment & Certifications P. Ltd - 20,225.00 BM Poly Packs - L.L.P. 2,731.00 701.00 Vetas Enterprises - 23,129.00 Sri. Maa Enterprises - 4,700.00 Bureau Veritas Consumer Products Service ( P) Ltd - 66.00 Jith Technologies INC - 0.12 Kerala Nutraceuticals - 5,220.00 SGS India P. Ltd - 0.49 Genuine Scientific Instruments - 680.00 Damaged Stock(Albert & Sons) - 29,000.00 Chemind - 5,588.00 Sunil & Associates - 22,651.00 Unimech System (Bangalore) Pvt. Ltd 6,325.00 -

22,25,310.40 37,15,010.60

CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017 ANNEXURE II As At 31.03.2017 As At 31.03.2016

SUNDRY CREDITORS - OTHERS

OUTSTANDING FOR MORE THAN ONE YEAR

Micro Clinic - System Admin. - 4,854.00 Neural Networks P. Ltd - 4,689.00 Sarveswara Mills India Pvt Ltd - 64,916.00 Star Vegetables - 1,444.00 Vidya Marketing P. Ltd - 1,985.00 V Tech Engineering Works - 1,800.00 Aeromech Equipments P. Ltd - 6,067.00 Carmel Engineers - 0.65 Confederation for Indian Industry - 22,472.00 Citizen Industries 11,500.00 - Image 450.00 3,150.00 Kavungal Agencies 61,810.00 35,000.00 Mahadevan & Sivarajan 42,300.00 - Medilink Enterprises (P)Ltd 651.00 - M.S.Consultant - 2,500.00 Pioneer Paper Products 9,996.00 5,590.00 PKV Transports & Agencies - 28,548.00 Rentokil India P. Ltd - 20,030.00 Sri.Balaji Pharma Engineering - 6,000.00 Thatha Hi-Tech Industries 29,000.00 29,000.00 Vembilan Stores - 6,472.00 1,55,707.00 2,44,517.65 OUTSTANDING FOR LESS THAN ONE YEAR - - - -

1,55,707.00 2,44,517.65 69 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED: NOTES FORMING PART OF FINANCIAL STATEMENT AS AT 31.03.2017 ANNEXURE IV As At 31.03.2017 As At 31.03.2016 INVENTORIES AYURVEDA RAW MATERIALS Acacia Catechu Chips 112552.00 318747.00 Acacia Catechu Wood 20727.00 28354.50 Arayal Tholi 0.00 90784.50 Aswagandha Seed 17075.88 18653.54 Aswagandha [Amukkuram] 0.00 461508.64 Athi Tholi 0.00 99872.50 Ama Kizhangu 2760.00 8072.40 Amalpori 40708.41 0.00 Attu Darbha Pullu 2640.00 12825.60 Charlam 2346.00 69418.10 Chayilyam 0.00 317019.83 Coconut oil 0.00 0.00 Erattimadhuram 0.00 346293.12 Jaggery lot 2 0.00 0.00 Karimbin Veru 700.00 9749.60 Kattupayar 0.00 61958.40 Kolarakku 0.00 79664.63 Nanmuka Pullu 6797.28 12512.55 Red Chips 0.00 131774.79 Sunaka Pullu 0.00 1046.31 Thaleesapathram 0.00 38115.36 Vilan Kaya 0.00 8449.40 Devadaram Wood 68991.68 664427.90 Ithi Tholi 0.00 96607.00 Jaggery 0.00 78881.22 Kadukka [Harad] 0.00 42892.78 Karkidakasringi 0.00 282644.88 Karunthotti lot 2 0.00 0.00 Kattu Padavalam 0.00 88632.00 Kattu Padavalam S1 0.00 0.00 Kattu Padavalam S2 0.00 0.00 Kattuvellari 104230.23 122197.53 Koovalam 0.00 86393.05 Kumizhu Wood 0.00 369144.00 Kurunthotty 0.00 77356.94 Munja Wood 37669.50 115005.00 Nannari 0.00 0.00 Neermarythin Tholi 56593.62 87391.77 Palakapayyani 3163.20 21211.20 Palakappayyani Wood 0.00 191072.89 Poopathiri 7007.00 17689.00 Poopathiri Wood 130242.20 174671.59 Ramacham 0.00 63764.01 Valsanabhi 285613.18 319875.83 Gingelly Oil 0.00 174495.55 Kattupadavalam -Sreenivasan 19800.00 457380.00 Kattupadavalam -Pandyan 0.00 102217.50 Naikurana Mori 0.00 208800.00 Chittaruthe -Divakaran 0.00 9720.00 30654.00 Chunda 19948.50 70 Iruveli 0.00 664453.30 kadukka thodu 1050.00 0.00 Kurunthotty -Attapadi 0.00 16047.23 Moovila -Attapadi 0.00 192763.05

951321.18 6860504.49

PRODUCTION CHEMICALS

Acetone 521.73 2532.92 Aerosil 1727.7 4055.06 Brilliant Blue 15857.17 14840.16 Carbomers-934 15775.32 15775.32 Carbopol 0 5822.67 Carmoisine 5770.58 6444.32 Citric Acid 73.92 2032.34 Cresol Rh-40 0 4768.50 Crospovidone 33887.23 27823.57 Cotton Roll 1155 0.00 Di-Calcium Phosphate 2897.12 4700.46 Ethyl Cellulose 45708.69 47812.44 Gelatin 160 Bloom 0 4215.74 Gelatin 170Bloom 24982.34 170371.40 Gelatin 200Bloom 5287.23 18907.84 Gelatin 220 Bloom 156716.30 186708.71 Glycerin 13385.1 36847.76 Glycerol 0 7395.00 Gum Accacia 3972.4 5468.50 Hydroxyl Prpylated Starch 21322.79 22911.59 Hydroxy Propyl Methyl Cellulose 42651.22 43879.52 Indigo Carmine 14132.89 14214.69 Iron Oxide Black 501.01 2274.59 Iron Oxide Red 12551.05 13026.29 Iron Oxide Yellow 13598.87 13598.87 Iota Carragene 74442.92 74442.92 Isopropylalchahol 11864.24 55488.39 Lactose 27306.92 42481.89 Lake Blend Green 11983.89 18154.51 Lake Of Quinoline Yellow 17484.18 17484.18 Lake Of Tartarazine 6079.18 6180.87 Light Liquid Parafin Ip 3938.78 33228.40 Lecithin 1820.96 1820.96 Magnesium Sterate 900.59 1704.34 Magnesium Trysilicate 2909.04 3060.82 Maize Starch Ip 1722.6 3053.15 Micro Crystalline Cellulose 8727.1 14273.27 Novo Powder 0 12686.34 Peg 400 7590.33 7590.33 Peg 6000 4735.96 4735.96 Orange Flavour 9564.5 9605.20 Para-Chloro Meta Cresol 0 22812.30 Poly Vinyl Pyrrodiline 9252.98 130.33 Ponceau 4 R 8104.82 8229.09 Rigid Pvc Film 156*,250 746.22 16307.87 Rigid Pvc Film 158*.250 9886.63 10778.95 Rigid Pvc Film 160*.250 10258.85 5286.06 71 Rigid Pvc Film 180*,250 47315.19 59098.83 Rigid Pvc Film 202*250 374.02 12075.24 Rigid Pvc Film 205*250 1733.61 10702.02 Rigid Pvc Film 120Mm 6439.15 25181.09 Rigid Pvc Film 188 Mm 2635.87 22251.47 Safflower Oil 0 9922.50 Sesame Oil 264 264.00 Silica Gel 0 5504.64 Sodium Carboxy Methyl Cellulose 13478.81 13250.36 Sodium Lauryl Sulphate 1509.19 2137.10 Sodium Meta Bi Sulphate 2475.24 2520.37 Sodium Salt 5856.02 5856.02 Sodium Methyl Parabean 4952.58 9682.21 Sodium Propyl Parabean 28470.78 30636.56 Sodium Starch Glycolate 834.52 931.36 Sorbitol 15083.74 18466.01 Soya Oil 33219.35 47826.02 Sunset Yellow 493.92 523.70 Sucrose 2812.75 3488.40 Talc 799.67 1275.52 Tatrazine Yellow 163.24 143.20 Titanium Dioxide 6062.68 8515.10 White Petrolium Jelly 0 25969.20 Toluene 0 566.67 Xanthan Gum 0 9750.18 Allura Red 8563.23 10362.63 Caramel Liquid 0 918.00 Cherry Flavour 2473.5 2473.50 D Mettitol Syrup 6991.34 6991.34 Propan - 2 - 01 19465.68 18656.82 Raspberry Flavour 775.2 775.20 Simethacone Solution 100% 612 612.00 Sodium Fluroide 1544.13 1544.13 Anhydrous Liquid Sorbitol 0 9489.06 Blister Aluminum Foil -116Mm 2140.87 4034.76 Blister Aluminum Foil - 201 Mm 3328.19 0 Blister Aluminum Foil -198Mm 1638.4 633.70 Bottles 5788.71 304.29 Bottles 57 A 3.65 4.45 Xylitol 15306.32 21318.00

905401.90 1450620.04 LABORATORY ITEMS Acids 6508.74 0.00 Chemicals 87290.25 0.00 Reagents 1854.90 0.00 Solvents 156998.85 0.00 Standards 48228.89 0.00 Medias 39349.16 0.00 Glasswares 37557.85 0.00 Others 105639.31 0.00 483427.95 0.00

2340151.03 8311124.53 72 Note-39

Explanation to the notification by the M/O Corporate Affairs on Specified Bank Notes transacted between 08-11-2016 to 30-12-2016

Particulars SBNs Other Denomination Notes Total

Denomin Denomin ation Nos Amount ation Nos Amount Amount Closing Cash-in-Hand as on 08-11-2016 1000 9 9000 100 26 2600 500 16 8000 50 18 900 20 5 100 10 7 70 5 1 5 0.5 1 0.5 Total 17000 3675.5 20675.5

Add: Permitted Receipts 1000 500

Less:Permitted Payments 1000 500

Less:Amount deposited in banks 1000 9 9000 500 16 8000

Other Denomination Notes Denomin ation Nos Amount Closing Cash-in-Hand as on 30-12-2016 2000 25 50000 100 100 10000 50 32 1600 20 15 300 10 45 450 5 3 15 0.5 1 0.5 Total 62365.5

73 CONFEDERATION FOR AYURVEDIC RENAISSANCE - KERALAM LIMITED:

REGD & ADM. OFF. NALUKETTUDEP ROAD, CO KORATTY, THRISSUR - 680309 14) FIXED ASSETS GROSS BLOCK DEPRECIATION NET BLOCK Deductions DESCRIPTION Additions during Deductions As at As at As at As at As at 01.04.2016 As at 31.03.2017 For the year during the the Year during the Year 01.04.2016 31.03.2017 31.03.2017 31.03.2016 Year

TANGIBLE ASSETS

Leasehold Land 2,50,78,680.00 2,99,745 2,47,78,935.00 - - - - 2,47,78,935 2,50,78,680 Building 6,18,25,917.00 6,18,25,917.00 1,26,28,435 40,34,365 - 1,66,62,801 4,51,63,116 4,91,97,482 Plant & Machinery 9,59,27,443.30 6,76,145.00 9,66,03,588.30 4,10,99,276 1,24,72,940 - 5,35,72,216 4,30,31,372 5,48,28,167 Furniture &Fixtures 47,12,316.00 33,797.00 47,46,113.00 27,32,466 7,58,319 - 34,90,785 12,55,328 19,79,850 Toyotta Etios Car 8,55,991.00 8,55,991.00 6,49,907 1,01,807 - 7,51,714 1,04,277 2,06,084 Computer, Accessories & 35,53,863.00 91,377.00 36,45,240.00 33,64,759 1,57,058 - 35,21,817 1,23,423 1,89,104 Library Books 3,32,033.00 1,274.00 3,33,307.00 - - - - 3,33,307 3,32,033

19,22,86,243.30 8,02,593.00 2,99,745 19,27,89,091.30 6,04,74,844 1,75,24,489 - 7,79,99,333 11,47,89,758 13,18,11,399

INTANGIBLE ASSETS [UNDER DEVELOPMENT]

Website Expenses 1,18,468.00 -.00 - 1,18,468.00 - - - - 1,18,468 1,18,468

1,18,468.00 -.00 - 1,18,468.00 - - - - 1,18,468 1,18,468

TOTAL 19,24,04,711.30 8,02,593.00 2,99,745 19,29,07,559.30 6,04,74,844 1,75,24,489 - 7,79,99,333 11,49,08,226 13,19,29,867

PREVIOUS YEAR 19,12,28,067.00 14,76,389.30 2,99,745 19,24,04,711.30 4,31,23,679 1,73,51,165 - 6,04,74,844 13,19,29,867 14,81,04,388

Note: TANGIBLE ASSETS a)The deductions in case of Leasehold Land in Gross Block indicates the amount of lease premium written off during the year. b) Useful Life of Assets has been restated in accordance with the provisions of Schedule II of Companies Act 2013 and Depreciation has been charged accordingly .

INTANGIBLE ASSETS

74 a) Website development expenses are capitalised as an Intangible Assets and will be amortised over a period of 10 years from the date of commencement of Commercial activity Page 1 GENERAL a) Previous year figures are regrouped where ever found necessary.

ROUTE MAP TO THE VENUE OF ANNUAL GENERAL MEETING

From Thrissur

Koratty

From Kochi

Distance from:

1. Kochi - 49.9 Km (Via NH 544) 2. Thrissur - 37.3 Km (Via NH 544 )

75 75

ATTENDANCE SLIP

PLEASE BRING THIS ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE REGISTERED OFFICE

Name & Address of the Shareholder:

Folio No. :

Number of Shares :

I hereby record my presence at the 13th Annual General Meeting at the registered office of Confederation for Ayurvedic Renaissance-Keralam Limited on Thursday, 28th September 2017 at 11.30 AM.

Signature of the Member or Proxy No. of Shares held

76 Form No. MGT-11

PROXY FORM

[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]

CIN U24233KL2004PLC017539 CONFEDERATION FOR AYURVEDIC RENAISSANCE- Name of the company KERALAM LIMITED Kinfra Small Industries Park, Nalukettu Road,

Koratty PO, Kerala, India, 680309

Name of the member (s)

Registered address

E-mail Id Folio No.

I/We, being the member (s) of …………...... shares of the above named company, hereby appoint

1. Name: Address :

E-mail Id: Signature:……………...... , or failing him

2. Name: Address :

E-mail Id: Signature:……………...... , or failing him

3. Name: Address :

E-mail Id: Signature:……………...... as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Annual general meeting of the company, to be held on Thursday, 28th September, 2017 at the Registered Office of the Company at 11.30 AM and at any adjournment thereof in respect of such resolutions as are indicated below:

Sl. Resolutions No. FOR AGAINST Ordinary Business

2. Receive, consider and adopt the audited Balance Sheet as at March 31st, 2017, Profit and Loss Statement and Cash 1. 1. Flow Statement for the year ended on that date and the Directors’ Report and Auditors’ Report thereon

Re-appointment of Mr. P R Krishna Kumar (DIN: 00011464), 3. 2. retiring by rotation

Re-appointment of Mr. Prasad Chirathilattu Ninan (DIN: 4. 3. 00589796), retiring by rotation

Re-appointment Mr. Ajay George Varghese (DIN: 5. 4. 00715648), retiring by rotation

Re-appointment of Mr. Kunjupanicker Anilkumar (DIN: 6. 5. 00226353), retiring by rotation Ratification of appointment of Statutory Auditors and fixing 6. their remuneration Special Business

Appointment of Mr. Sunilkumar Surendran Nair (DIN - 7. 01394872)as Director

Signed this……...... day of September, 2017

Affix Signature of shareholder: Revenue

Stamp

Signature of Proxy holder(s) :

Note: This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company, not less than 48 hours before the commencement of the Meeting.

78 As per the requirement of Secretarial Standard 2, the following information relating to the directors to be appointed/reappointed as contained in Item 2,3,4,5 and 7, is furnished below: Particulars Information Name P R Krishna Prasad Ajay George Kunjupanicker Sunilkumar Kumar Chirathilattu Ninan Varghese Anilkumar Surendran Nair Age 66 60 43 63 47 Qualification BAM BSc Chemistry and Management BAM Post Graduate in doctoral degree Diploma in FRP Degree Ayurvedic from Kuvempu Technology from Medicine University IIT Madras Experience 42 35 18 38 20 Terms and As per As per Resolution As per As per As per conditions of Resolution at at item No. 3 Resolution at Resolution at Resolution at appointment item No. 2 item No. 4 item No. 5 item No. 7 Remuneration sought to be Nil Nil Nil Nil Nil paid Remuneration Nil Nil Nil Nil Nil Last drown Date of first appointment 19/04/2005 23/04/2009 23/04/2009 19/04/2005 06/06/2017 on Board Shareholding in the 15 114 0 0 0 company Relationship with other Directors, Manager and Nil Nil Nil Nil Nil other Key Managerial Personnel of the company number of Meetings of the Board 3/73 3/73 5/75 7/77 0/00 attended during the year Other Director in – Director in – Director in – Director in – Director in – Directorships, 1. Dr.K.J. 1. Relax Herbals 1. Bipha 1. Kerala 1. Vedic Membership/ Yesudass And Exports Hotels And Ayurveda Remedies Chairmanship Audio And Private Limited Resorts Limited Private of Visuals 2. Culture Shoppe Private 2. Kal Limited Committees Corporation Private Limited Limited Ayurveda of other Limited 3. Gregorian 2. Bipha Drug Research & Boards 2. Herbal Foundations Laboratories Education Exports Private Limited Private Foundation (Ayurveda) Limited Laboratories 3. Heal Ayurveda Pharmacy Limited

4. AVP Marketing And Exports Limited 5. The Arya Vaidya Pharmacy (Coimbatore) Limited 6. Maa Gou Products Private Limited 7. AVP Research Foundation 8. Artha Herbs Extracts And Derivatives India Private Limited