| Numerous welfare programmes designed to cater to the needs of the populace around its facilities were undertaken during the year. A few such key initiatives were as follows : |
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medical camps including conducting comprehensive health checks on local villagers; |
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installation of facilities for water purification to improve accessibility to potable water; |
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provision of street lights on certain arterial roads in adopted villages; |
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training villagers in water conservation methodologies; |
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animal husbandry camps including setting up of model dairy farms; |
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participation in the Government mid day meal schemes through procurement and distribution of utensils; |
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arrangements for mass weddings; |
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afforestation programmes; |
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imparting of vocational training spanning sections of the population around most facilities of the Company. These programmes are enabling a large number of unemployed or underemployed beneficiaries transform themselves into self respecting earning family members. Tailoring, stitch craft and needlework training, imparting computer literacy, pickle and papad making, feature prominently amongst the vocational training initiatives taken. |
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| Going forward, welfare programmes will be further accelerated to benefit larger sections of the community. |
| In the urban areas, the Company has begun working closely with the local traffic police to promote road safety. With this in mind, it has taken up several activities in the public domain to enable mould the mindset of young adults to the need for scrupulously observing road safety norms. |
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| DIRECTORS' RESPONSIBILITY STATEMENT |
| Pursuant to Section 217(2AA) of the Companies Act, 1956 and, based upon representations from the management, the Board, to the best of its knowledge and belief, confirms that: |
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in the preparation of the Annual Accounts, applicable Accounting Standards have been followed and there are no material depatures; |
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it has 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 as at 31st March, 2012 and of the loss of the Company for the Financial Year ended on that date; |
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proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and |
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the annual accounts have been prepared on a going concern basis. |
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