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Arshiya

BSE: 506074|NSE: ARSHIYA|ISIN: INE968D01022|SECTOR: Transport & Logistics
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Directors Report Year End : Mar '15    « Mar 14
 Dear Members,
 
 The Directors are pleased to present the 34th Annual Report together
 with the Audited Accounts for the financial year ended 31st March ,2015.
 
 1. RESULTS OF OUR OPERATIONS
 
 I.) Summarised Standalone Financial Results Arahlya Limited
 
 Particulars                                Year Ended       Year ended
                                            31.03.2015       31.03.2014
                                           Rs In Lacs)      (Rs In Lacs)
 
 Income                                     5,110.75          31.654,86
 
 Expenditure                                  252928           46,97428
 
 Profit/{Loss) Before
 Depredation and Tax                      (25,996.14)       (17,319.42)
 
 Depreciation                               2,922.01          1,958.10
 
 Profit(Loss) Before Tax and
 Exceptional Items                       (23,074.13)        (19,277.52)
 
 Exceptional Items (Net)                   1,008.79          10,687.35
 
 Prior Period Items (Net)                    317.40             (8L36)
 
 Profit (Loan) After Tax                (24,400.32)        (29,707.68)
 
 IL) Summarized Consolidated Financial Results Arahlya Limited and Its
 Subsidiaries
 
 Particulars                                Year Ended       Year ended
                                            31.032016         31.032014
                                           ( Rs In Lacs)   ( Rs In Lacs)
 
 Income                                      33,206.14        53.647.61
 
 Expenditure                                 69,622 13        91,664,34
 
 Profit''lLoss) Before Depreciation and Tax  (36,415.99)      (38,016.73)
 
 Depreciation                                10,109.33         8,352.89
 
 Profit/(Loss) Before Tax and
 Exceptional Items                          (48,52522)       (46,369.62)
 
 Exceptional items (Net)                      1,08521           21265.65
 
 Prior Period Adjustments (Net)                354.74           14913.74
 
 Profit/!Low) Before Tax                   (47,965.87)        (82549.31)
 
 Net Profit/(Loss) After Tax               (47,400.69)       (84,622.95)
 
 The consolidated Financial Statements of the Company are prepared h
 accordance with relevant Accounting Standards viz. AS-21, AS-23 and
 AS-27 Issued by the Institute of Chartered Accountants of India and
 forms part of this Annual Report
 
 III.) Dividend
 
 In view of losses, the Directors that their inability to recommend
 dividend tor the financial year ended 31st Match 2015.  hrs.)
 Particular* of loans, guarantees or Investments by company
 
 Details of Loans, Guarantees and Investments covered under the
 previsions of Section 106 of the Companies Act, 2013 are given in the
 notes to Financial Statements.
 
 v.  ) Fixed Deposit*
 
 The Company has not accepted any deposits, within the meaning of
 section 73 of the Companies Act, 2013 read with the Companies
 (Acceptance of deposit*) Rules, 2014.
 
 vi. ) Particulars of Contracts or arrangements made with related
 parties)
 
 All transactions entered with Related Parties tor the year under review
 were on arm''s length basis and in the ordinary course of business and
 that the provisions of Section 188 of the Companies Act, 2013 are not
 attracted. Thus disclosure in Form AOC-2 is not required Further, there
 are no material related party transactions during the year under review
 with Promoters, Directors or Key Managerial Personnel. The Company has
 developed a Related Party Transactions framework through Standard
 Operating Procedure tor the purpose of Identification and monitoring of
 such transactions.
 
 All Related Party Transactions are placed before the Audit Committee as
 also before the Board tor approval. Omnibus approval was obtained on a
 quarterly basis for transactions which are of repetitive nature.
 Transactions entered into pursuant to omnibus approval are audited and a
 statement giving details of all Related Party Transactions are placed
 before the Audit Committee and Board for review and approval on e
 quarterly bears.
 
 The Policy on Related Party Transactions as approved by the Board of
 Directors has been uploaded on the website of the Company. The web link
 of the same has been provided in the Corporate Governance Report None
 of the Directors has any pecuniary relationship or transactions vis is
 the Company.
 
 vii.) Material changes and commitment. If any, affecting the financial
 position of the company occurred between the end of the financial year
 to which this financial statements relate and the dale of the report
 
 No material changes and commitments affecting the financial position of
 the Company occurred between the end of the financial year to which
 this financial statements relate on the date of this report.
 
 viii) Share Capital
 
 The paid- up equity share capital of the Company as at March 31, 2015
 stood at 725,43,58,944/- (Rupees Twenty Five Croros Forty Eight Lakhs
 Fifty Eight Thousand Nine Hundred Forty only). During the Year
 under review the Company has allotted 53.00,000 shares to the Promoters
 upon Conversion of Warrants Into equity and also 5.50.00,000 equity
 Shares to the Promoters on Preferential basis pursuant to the CDR
 Scheme as approved by the CDR-EG.
 
 2.  BUSINESS AND FUTURE OUTLOOK:
 
 I.) Business
 
 Arshlya plans to capitalize on India''s mammoth logistics opportunity by
 being India''s only Unified Supply Chain Infrastructure and Solutions
 Group. With a rich legacy in the logistics and supply chain industry in
 India, Analysis unique business model makes it a pioneering company In
 the country.
 
 a.) Rail and Rail Infrastructure:
 
 Arshlya Rail Infrastructure United started Its operations In February
 2008. Our unique model has resulted In Arshlya Rall being the second
 largest Container Train Operator (CTO) and largest in Private sector in
 India. This company is operating total 20 container trains along with
 4000 multipurpose domestic containers at present and mostly In domestic
 sector at more than 25 locations In pan India. The company stands atop
 with regard to freight transportation per annum among the PCTO. Arshlya
 Rail la giving customized and long term freight services to corporate
 clients The company has also recently started EXIM freight services tor
 various gateway port like Vlzag, Kolkata, Mumbai and Haldla
 
 Private freight terminal at Khurja
 
 Arshlya Rall Sidling at Khurja took one more step towards addressing the
 growing demand of the business and subsequently got notified as
 Brownfield Private Freight Terminal tor handling all types of Inward
 and outward traffic In full rakes, also being the First to be notified
 In NCR.
 
 Apart from the existing container trains coming into Arshiya Rail
 Infrastructure, Khurja (ARIK) with commodities such as Ingots, Billets
 and Sponge Iron, the cement Industry looks at this terminal as
 strategic for feeding the plants and end users considering the growing
 demand for Infrastructure in and around Delhi NCR With investments
 increasing in setting up of Cement (Grinding and Mixing) Plants in and
 around Khurja. ARIK sees its utilization In inwarding of raw material
 from various sectors and outwarding of finished product in times to
 come
 
 The terminal opens Itself to other commodities also which will be
 critical to the growth of business In that region such as Iron 4 Steel,
 Salt essential commodities etc.
 
 Also, Arshiya Industrial & Distribution Hub limited, a fellow subsidiary
 has got the approval of the Government for setting up of Inland
 Container Depot (ICD) at Khurja, Uttar Pradesh. This development will
 give a boost to the rail operations of the Company.
 
 b.  ) Free Trade and Warehousing Zones (FTWZ):
 
 Over the last new decide India has been losing Investments to
 neighbouring economies, which were being used by global corporations as
 bases for feedering India, due to lack of comparable transaction
 availablity In India.
 
 With FTWZa developed by Arshlya, our country will be able to leverage
 ''Salt Infrastructure such as sidled manpower, cost competitiveness,
 regulatory framework, IT connectivity, as will as ''Hard Infrastructure''
 such as dedicated state-of-the-art mega logistics parks FTWZe, rail
 connectivity, industrial & distribution hubs, transport and handing and
 world been supply chain management services. FTWZ will be a game
 changer for International as will as domestic companies which are
 Importing, exporting or re-exporting products to and from India.
 
 FTWZ provides assistance to various potential cllents for Import and
 export, who struggle hard to recover taxes and duties paid while Import
 of the Inputs and other merchandise. They face the burden of spending
 heavy amounts towards recovery expenses apart Item the time consumption
 or have to forego the duties paid because of lack of provisions.
 Through FTWZ they reduce their cost burden because of available special
 provision a In Law.
 
 The first FTWZ developed by Arahlya In Maharashtra near MumbelflPanvel
 la a credential for FTWZ concept In India. With over 500 customer been
 domestic as well as international, India can be proud of providing a
 successful unified supply chain concept in the country.
 
 Arshlya Northern FTWZ Limited (ANFL), a subsidiary has developed a from
 at Khruija, Uttar Pradesh, to eater to the needs of Northern India. The
 starts of the and railway siding, rail connectivity and tCD at Khurja
 will further reduce the ovarall logistics cost between gateway ports and
 FTWZ/lCD.
 
 Being a pioneer In FTWZ business In India, Arshiya FTWZ b facing a few
 regulatory challenges which have been taken up at the highest level with
 concerned Government authorities and the authorities are appreciative
 of the Issues and your Management hopes to get all of the issues sorted
 out el the earliest.
 
 c.) Industrial and Distribution Hub:
 
 During the year under review Arahlya Industrial * Distribution Hub
 Limited, a subsidiary has got the approval of the Government for
 setting up of Inland Container Depot (ICD) at Khurja, Uttar Pradesh.
 This approval la a booster for the affairs of the Company and group as
 e whole because of Us impact of integrating Rail, forward and ICO
 operations at Khurja.
 
 d) Supply Chain Management
 
 Arshlya Supply Chain Management Private Limited ie a FTWZ Service Unit
 at Arshlya FTWZ, Panvel. The main activities of the company is serving
 Indian and foreign relevant and carry out optimisation services as per
 events requirement
 
 II.) Subsidiaries and Associates
 
 Your Company has 12 subsidiary companies, Including 1 Material
 Subsidiary and 3 step dawn Subsidiaries as on 31.03.2015.
 
 During the year, the Board of Directors reviewed the affairs of the
 subsidiaries. In accordance with section 128(3) of the Companies Act,
 2013, we have prepared consolidated financial statements of the Company
 and all Its subsidaries, which form part of the Annual Report. Further
 a statement containing salient features of the financial statement of
 our subskSaries in the prescribed format AOC-1 ie appended as
 Annexure-J to this Report The Statement also provides the details of
 performance, financial positions of each of the subsidiary.
 
 In accordance with Section 136 of the Companies Act, 2013, the audited
 financial statements. Including the consolidated financial statements
 and related Information of the Company and audited accounts of each of
 Its subsidiaries, are available on our website www.arehivalimited.oom.
 These documents we also be available for inspection during business
 hours at the Registered Office to Mumbai, India.
 
 3.  CORPORATE GOVERNANCE
 
 Corporate Governance i.e an ethically driven business process that is
 committed to values aimed at enhancing an organisation''s brand and
 reputation. This Is ensured by taking ethical business decisions and
 conducting business with a fern commitment to values, while meeting
 stakeholders'' expectations. The Company has been forwarding the
 principles of goad Corporate Governance over the years and lays strong
 emphasis on transparency, accounts billy and Integrity. As per clause
 49 of the Listing Agreement entered Into with BSE and NSE, a separate
 section on Corporate Governance forms part of this Annual Report
 
 I. ) Number of meetings of the board
 
 The debris of the number of meetings of the Board held during the
 financial year 2014-15 forms pert of the Corporate Governance Report.
 The Interventing gap between any two meetings was within the period
 presorted by Clause 49 of the Listing Agreement and the Companies Ad,
 2013.
 
 II. ) Committee* of the Board
 
 Currently the Board have the Committees namely Committee of Directors,
 Audit Committee, Nomination and Remuneration Committee, Share Transfer,
 Investor Grievances & Stakeholders Relationship Committee and Risk
 Management Committee. A detailed note on Board and Its committees Is
 provided under the corporate governance section to this Annual Report-
 
 III. ) Board Diversity
 
 The Company recognises and embraces the Importance of a diverse board
 In Its success. We believe that a truly diverse board wB leverage
 difference in thought perspectives, knowledge, ski, regional and
 industry experience, cultural and geographical back ground. The Board has
 adopted the PnScy on Board Diversity which sales out the approach to
 diversity of the Board of Directors and the same Is available on our
 viberate http:MwwwterBhlvalrnlt8d.com/tove8torafCocpofat5 Governance.
 
 IV.) Remuneration and Nomination Policy
 
 The Board of Directors of the Company has an optimum combination of
 Promoter Director and Non-Executive Independent Directors, who have to
 depth knowledge of the business and Industry. The composition of the
 Board la to conformity with the Listing Agreement with the Stock
 Exchanges and Companies Ad, 2013.
 
 The Board of Directors has framed a policy which lays down a framework
 In relation to remuneration of Directors, Key Managerial Policy
 Personnel end Senior Management of the Company. This Poky also lays
 down criteria for selection and appointment of Board Members.  The
 policy Is attached as Annexure - 8 to this Report
 
 v.) Declaration lay Independent directors
 
 All Independent Directors have given declarations that they meet the
 criteria of Independence as laid down under Section 149(6) of the
 Companies Act, 2013 and Clause 49 of the Listing Agreement
 
 vi.) Board evaluation
 
 Pursuant to the provisions of the Companies Act 2013 and Clause 48 of
 the Listing Agreement a structured questionnaire was prepared after
 taking into consideration of the various aspects of the Board''s
 functioning, composition of the Board and Its Committees, culture,
 execution end performance of sped fie duties, obligations and
 governance.
 
 The evaluation of al the directors and the Board as a whole was
 conducted based on the criteria and framework adopted by the Board. The
 performance evaluation of the Chairmen and the non- Independent
 Directors) was carted out by the Independent Directors. The Board of
 Directors expressed their satisfaction with the evaluation process.
 
 None of the Independent directors are due tor re- appointment
 
 vii.) Programmes for familiarisation of Independent Directors
 
 The details of programme for familiarisation of Independent Directors
 with the Company, nature of the Industry in which the Company operates,
 business modal of the Company and related matters are put up on the
 website of the Company l.e.
 http:/www.arshivallmited.Com/investors/Corporate Governance
 
 viii.) Retirement by rotation
 
 In accordance with the provisions of Section 152 of the Companies Act
 2013 and the Company''s Articles of Association, Mrs. Archana A Mittal -
 Joint Managing Director retire by rotation and being elligible, offer
 herself for re-appointment al the ensuing Annual General Meeting.
 
 Brief details of the Director proposed to be appointed/Re - appointed as
 required under Clause 49 of the Listing Agreement is provided is the
 notice of the Annual General Meeting and forms an Integral part of this
 Annual Report
 
 bL) Auditors* Certificate on Corporate Governance
 
 A Certificate from a Practising Company Secretary confirming compllance
 with the conditions of Corporate Governance under Clause 49 of the
 Listing Agreement is attached as annexure to Corporate Governance
 Report to this Report.
 
 x.) Directors Responsibility Statement
 
 To the best of knowledge and believe and according to the Information and
 explanations obtained by them, your Directors make the following
 statement In terms of Section 134(3Xc) of the Companies Act 2013:
 
 a) in the preparation of the annual accounts for the year ended 31st
 March, 2015, the applicable accounting standards have been followed
 along with proper explanation relating to material departures. If any;
 
 b) they have selected such accounting provides and applied them
 consistently and made Judegments 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 loss of the
 company for the year ended on that date;
 
 c) the directors have taken proper and sufficient care for the
 maintenance of adequate accounting records to accordance with the
 provisions of the Companies Act 2913 for safeguarding the assets of the
 company and for preventing and detecting fraud and other
 Irregularities;
 
 d) the annual accounts have been prepared on e getting concern basis;
 
 a) that the Directors had laid down Internal financial controls to be
 followed by the Company and that such Internal financial controls are
 adequate and were operating effectively and
 
 1) that the Directors had devised proper systems to ensure compliance
 with the provisions of all applicable laws and that such systems were
 adequate and operating effectively.
 
 4.  AUDIT AND AUDITORS''
 
 I.) Statutory Auditors
 
 M/g M A Parikh & Co., Chartered Accountants, Mumbai, Statutory Auditors
 of the Company, retires at the ensuing Annual General Meeting and are
 ellgible for reappointment
 
 Your directors recommend the appointment of Mrs. MA Parikh & Co.,
 Chartered Accountants (Firm Registration No.: 107558W) as Statutory
 Auditors of the Company, subject to approval of the members at the
 ensuing Annual General Meeting. The Company has received letter from
 M/6. M A Parikh 4 Co, Chartered Accountants, to the effect that their
 appointment, If made, would be within the prescribed limits under
 section 141 of the Companies Act 2013 and that they are not
 disqualified for such appointment The necessary resolution seeking your
 approval for appointment of Statutory Auditor has been Incorporated to
 the Notice convening the Annual General Meeting.
 
 II.) Cost Auditor
 
 As per the requirement of Central Government and pursuant to Section
 146 of the Companies act, 2013 read with the Companies (Coal Records
 and Act) Rules, 2014 as amended from time to time, your Company has
 been carrying out audit of coat records. The Board of Directors, on the
 recommendation of Audi Committee, appointed M/s. Preshant Keetekar &
 Accounting, Practicing Coat Accountants (Firm Registration No. 16076) as
 Cost Auditors to audit the coat accounts of the Company for the
 financial year 2014-16 at a remuneration of 7 40,000/- plus applicable
 taxes and reimbursement of out of pocket expenses As required under
 the Companies Act, 2013, a resolution seeking member''s approval for the
 ratification of remuneration paid to the Coat Auditor forms part of the
 Notice convening the Annual General Meeting.
 
 II.) Secretarial Audit
 
 Pursuant to the provisions of Section 204 of the Companies Ad, 2013 and
 rules made thereunder, the Company has appointed Aabld & Co, Company
 Secrete rise to undertake the Secretarial Audit of the Company. The
 Secretarial Audit Report Is Included as Annexure-W to this Report.
 
 There no Secretarial Audit qualification for the year under review.
 
 Iv.) Significant and material orders passed by the regulators or courts
 
 There are no significant and material orders passed by the
 Regulators/Courts that would Imped the going concern status of the
 Company and to future operations.
 
 v.) Internal control systems and their adequacy
 
 Your Company has an effective internal control end risk mitigation
 system, which are constantly assessed and strengthened with new/
 revised standard operating procedures. The Company''s internal control
 system is commensurate with its size, scale and complexities of its
 operations. The Internal and operational audit la entrusted to M/a S.
 K. Sheth 4 Associates, a reputed firm of Chartered Accountants. The
 main thrust of Internal audit Is to total end review controls, appraisal
 of risks and business processes, besides bench marketing controls with
 beat practices in the industry.
 
 The Audit Committee actively reviews the adequacy and effectiveness of
 the Internal control systems and suggests Improvements to strengthen
 the same. The Company has a robust Management Information System, which
 is an integral part of the control mechanism
 
 The Audit Committee, Statutory Auditors end the Business Heads are
 periodically apprised of the Internal audit findings and corrective
 actions taken by the management are presented to the Audit Committee.
 To maintain into objectivity and Independence, the Internal Audi
 function reports to the Chairman of the Audit Committee.
 
 vt.) Extract of Annual Return
 
 The details forming part of the extract at Annual Return In Form MGT-9,
 as required under Section 92 of the Companies Act, 2013 read with Rule
 12 of the Companies (Management and Administration) Rules, 2014, is
 included in this Report as Annxure- IV and form an integral part of
 this Report
 
 5.  CORPORATE SOCIAL RESPONSIBILITY
 
 Your Company sincerely believes that growth needs to be sustainable In
 a socially relevant manner. Today''s business environment especially in
 India therefore demands that corporates play a pivotal role in
 shouldering social responsibility. Your Company i.e committed to the
 endeavour In social responsIbWes for benefit of the community.
 
 Under the Corporate Social Responsibility (CSR) initiative of the
 Company ''Arshiya Cares'', your Company here pledged to join hands with
 organizations who are working towards finding simple solutions to the
 infrastructure problems that India faces. Following CSR Initiatives have
 been undertaken by your Company In the social front
 
 Emergency Fire Flatting Service: The Mumbai FTWZ at Sal Village, Panvel
 has a 24x7 emergency fire fighting vehicle (Foam Tender) Inside the
 zone managed by trained personnel. This service la supported by
 dedicated Infrastructure which includes:
 
 * File extinguishers and Signage (Fire safely plans)
 
 * Celling based water sprinklers tor the stores and office space
 Beam Detectors for Smoke and fire Detection
 
 * fire Hydrant System with hose reek and underground water storage
 tanks
 
 * Emergency Fire axil doors and staircases
 
 * Building Management System with Monitoring and
 
 1 Public address systems to provide emergency response
 
 The above facilities are available 24x7 to the residents In the vidnity
 of Sal Village and Panval area, free of charge through a toll free
 number
 
 Emergency Ambulance Service:
 
 The Mumbai FTWZ at Sal Village, Panval has a 24x7 emergency ambulance
 service dedicated for residents for the vldnlty of Sal VSege and Panval
 area. Stationed in the premise of the zone, it» equipped with expert
 staff trained in Trauma treatment This service is available to the
 local population free of charge through a to I free number.
 
 Electricity Distribution Facility:
 
 At the Mumbai FTWZ at Sal VMsge, Pa rival, your Company has created
 additional capacity In Its electrical Infrastructure to enable supply
 of electricity to the surrounding villages.
 
 The Company has under taken above CSR activities on Its own and has not
 developed and Implemented any Corporate Social Responsibility Policy as
 required under Section 136 of the Companies Act, 2013, as the said
 provWone are not applicable.
 
 6.  HUMAN RESOURCES
 
 The Company takes pride In the commitment, competence end dedication
 shown by Its employees in all areas of business.
 
 The Company has a structured Induction process at all locations and
 management development programs to upgrade skills of managers Objective
 appraisal systems based on Key Result Areas (KRAs) are in place tor
 senior management stall.
 
 The Company la committed to nurturing, enhancing and retaining lop
 talent through superior Learning and Organizational Development. This
 Is a part of Corporate HR function and Is a critical pillar to support
 the organization''s growth and Its sustainability In the long run.
 
 Further statutory disclosures w.r.t Human Resources are as under
 
 i.) As required by the Sexual Harassment of Women at Workplace
 (Prevention, Prohibition and Redressal) Act, 2013, the Company has
 formulated and implemented a policy on Sexual Harassment at workplace
 with a mechanism of lodging com plaints. Its redressal Is placed on the
 Intranet for the benefit of Its employees. During the year under
 review, no complaints were reported to the Board.
 
 II. ) None of the Managerial personnel Is being paid any remuneration
 and hence the Information required under Section 197(12) of the
 Companies Act. 2013 read with Companies (Appointment and Remuneration
 of Managerial Personnel) Rules. 2014 is not relevant,
 
 III. ) One person employed throughout the year, was In receipt of
 remuneration of 760,00,000/- lacs per annum or more amounting to 7
 62,56,771/- and three employees for the part of the year were in receipt
 of remuneration of 7 5,00,000/- per month or more amounting lo
 71.34,93,520/-. As on 31st March, 2015, the Company had 138 employees.
 
 The above annexure is not being sent along with this Report to the
 members of the company in line with provision of Section 136 of the
 Companies Act, 2013. Members who are Interested In obtaining these
 particulars may write to the Company at the Registered office of the
 Company. The aforesaid annexure Is also available tor Inspection by
 Members at the Registered Office of the Company, 21 days before the
 ensuing Annual General Meeting and upto the date of Annual General
 Meeting during the Business Hours on working days.
 
 None of the employees listed In the said Annexure ta a relative of any
 director of the Company. None of the employees hold (by himself or
 along with his spouse and dependent children) more than two percent of
 the equity shares of the Company.
 
 7.  MANAGEMENT DISCUSSION AND ANALYSIS REPORT
 
 Management Discussion and Analysis Report for the year under review, as
 stipulated raider Clause 48 of the Listing Agreement with the Stock
 Exchanges In India, Is presented In a separate section forming part of
 the Annual Report
 
 8. VIGIL MECHANISM/ WHISTLE BLOWER POLICY
 
 The Vigil Mechanism of the Company, which also Incorporates a Whistle
 Blower Policy in berms of the Listing Agreement to report genuine
 concerns or grievances. The Vigil Mechanism/Whistle Blower Policy may
 be accessed on the Company''s website i.e.
 http://wvre.Brshlvailmtted.oom/lny88tora/CorporgtB Governance
 
 9. RISK MANAGEMENT
 
 Your Company Is well aware of risks associated with Its business
 operations and various projects under execution. Comprehensively risk
 management system Is being put In place Involving classification of
 risk, adoption of risk mitigation measures and a strong mechanism to
 deal with potential risks and situation leading to rise of risks in an
 effective manner.
 
 Senior Professionals conversant with risk management systems have been
 entrusted with the said task with a brief to Implement the risk
 management
 
 10.  HEALTH, SAFETY AND ENVIRONMENT:
 
 As a responsible corporate citizen, your Company lays considerable
 emphasis on health, safety aspects of Its human capital, operations and
 overs working conditions. Thus befog constantly aware of Its obligation
 towards malntaWng and Improving the environment, all possible steps are
 being taken to meet the toughest environmental standards on pollution,
 effluents, etc. across various spheres of its business activities.
 
 Arshlya''s Rail Infrastructure division especially plays a pivotal role
 In the mitigation of poluUcn and reduction of fuel used for road travel
 through is unique Rail solutions that It provides to corporations at
 part-lndia level.
 
 Your Company hoe Implemented several proactive measures towards
 ensuring its logistics infrastructures especially the FTWZ in Mumbai and
 Khurja, along with the Industrial and Distribution Hub which are
 environment friendly. Faltering measures are being Implemented In
 Mumbai FTWZ, which will be followed across locations:
 
 * Development of green area: Re-plantation of trees in the FTWZ.
 
 * Conservation of top sol by removing and storing It before the work.
 The top soll was reused for developing the green areas
 
 * Provision of storm water drainage system to allow ground water
 recharging
 
 * Sewage Treatment Plant- Water treated In these plants Is being
 re-utilitzed for watering of the landscaping.
 
 11.  CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE
 EARN NOS AND OUTGO
 
 The Information under Section 134(3Xm) of the Companies Act, 2013 reed
 with Rule 6 of Company (Accounts) Rules, 2014 for the year ended March
 31,2015 Is set out as under
 
 Conservation of Energy. The operations of the company Involve low
 energy consumption. Adequate measures have been Implemented to conserve
 energy such as-
 
 * Roof of the warehouses at our FTWZs and Industrial & Distribution Hubs
 have been designed with MR2* standards with roof Insulation which gives
 temperature variation of SOetyee with ambient temperature. A provision
 of installation of solar panels has been made on the roofs to generate
 renewable energy
 
 * Orientation of the warehouse buildings has been done In such a way
 that there Is less heat transmission resulting In saving of electricity
 consumption by mMmlzJng heat lose in the HVAC system.
 
 * Ridge ventilators are Installed at the roof of all WHs, whereby there
 to no need of power run turbo ventilators, which saves the huge amount
 of power.
 
 * Cold rooms are having the beet quality Insulations In and floor so as
 to ensure no leakage of cooing and thus emerging e lot of power. The
 doors of the cold rooms have been Installed with air curtains so that
 during operation, internal temperatures to maintained without any loss
 of cooling.
 
 * The central control room have been Installed with the control
 panels which controls the temp of odd rooms and monitor automatically, so
 to achieve the pro-set temparature requirement The chller units are also
 cantraly controlled.
 
 * Office air conditioning system is having VRV unto, which adjust tire
 power requirement as per tire required heat toed. The saves a lot of
 power requirement
 
 * All peripheral and yard Hating Is having auto on and off system, set
 with the timings, which saves lot of wasteful energy.
 
 * The docking doors are placed to ensure the minimum run by the fork
 Mb, which reduces large power required for re- charging.
 
 Technology Absorption: Arshlya sincerely believes to utilising
 technology to Improve productivity, efficiency and quality of Its
 business operations and working environment
 
 Foreign Exchange Earnings end Outgo:
 
 * Foreign Exchange received - Rs.  7,73,50,314/-
 
 * Foreign Exchange Incurred - 27,97228/-
 
 12.  STATUTORY INFORMATION
 
 The Business Responsibility Reporting as required by Clause 55 of the
 Listing Agreement with tile Stock Exchanges is not applicable to your
 Company for the financial year ended March 31,2015.
 
 13.  APPRECIATION
 
 Your Director wish to piece on record their appreciation for the
 maintances, support and co-operation received from Government of India,
 the State Governments and other Government agencies and departments,
 Investors, bankers, financial Institutions and all other stakeholders.
 
 Your Directors also wish to place on record their deep sense of
 appreciation for the committed services by the executives, staff and
 workers of the Company.
 
                         For and on behalf of the Board of Directors of
                                                       Arshlya Limited
 
                                                    Ajay S Mittal
                                        Chairman end Managing Director
                                                        DIN 100226355
 
 Place: Mumbai
 Dated: 15th May, 2015
Source : Dion Global Solutions Limited
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