CHIEF EXECUTIVE OFFICER STATEMENTS
We, Manoharlal Kapur, non-executive director of the Company and Dhiraj Mehra, Managing
Director of the Company, to the best of our knowledge and belief certify that :
1. We have reviewed financial statements and the cash flow statement for the period
ended 31st March, 2013 and to the best of our knowledge and belief:
(i) these statements do not contain any materially untrue statement or omit any
material fact or contain statements that might be misleading.
(ii) these statements together present a true and fair view of the Company's affairs
and are in compliance with existing accounting standards, applicable laws and regulation.
2. There are, to the best of our knowledge and belief, no transactions entered into by
the Company during the year which are fraudulent, illegal or violative of the Company's
code of conduct.
3. We are responsible for establishing and maintaining internal controls for financial
reporting and have evaluated the effectiveness of internal control systems of the Company
pertaining to financial reporting.
4. We have indicated to the Auditors and the Audit committee :
(i) significant changes in internal control over financial reporting during the year.
(ii) significant changes in accounting policies during the year and the same have been
disclosed in the notes to the financial statements; and
(iii) any fraud, which we have become aware and that involves the Management of other
employee who have significant role in the Company's internal control systems.
5. It is further declared that all the board members and senior management have
affirmed compliance with the Company's Code of Conduct.
| Manoharlal Kapur |
Dhiraj Mehra |
| Non-Executive Director |
Managing Director |
| Place : Mumbai |
|
| Date : 22nd May, 2013 |