GANESH GRAINS LIMITED is one of the largest branded flour products and mixes player in Eastern India. The main product categories include Atta (Whole Wheat flour), Besan (gram flour), Maida (Refined Wheat flour), Sattu (roasted gram flour), Sooji (Semolina), Dalia (Porridge) and others (consisting of instant mixes, powder & cereals, etc). During the year, the Total Income of your Company stood at Rs.61,477.71  Lakhs, as compared to Rs. 46,044.26  Lakhs, in the previous year. The profit after tax of your Company is Rs.2710.33  Lakhs in the Financial Year 2022-23 (as against Rs. 2,710.44 Lakhs in Financial Year 2021-22).  

The information pertaining to conservation of energy and technology absorption, as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is not applicable to the Company.  

The information pertaining to conservation of energy and technology absorption, as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is not applicable to the Company.  

The Company does not have any foreign exchange earnings or outgo during the year ended 31st March, 2023.  

Based on the framework of Internal Financial Controls and compliance systems established and maintained by the Company, work performed by the Internal, Statutory and Secretarial auditors and the reviews performed by the Management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion that the Company’s internal financial controls were adequate and effective during the financial year 2022-23.   Accordingly, pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:-   a) In the preparation of the annual accounts, the applicable accounting standards has been followed along with proper explanation relating to material departures; b) The Directors  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; c) The Directors have 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; d) The Directors have prepared the annual accounts on a Going Concern basis; e) The Directors have laid down proper Internal Financial Controls (“IFC”) and such internal financial controls are adequate and were operating effectively; f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.