Manipal Health Enterprises Private Limited (‘MHE’ or ‘the Company’) (incorporated on February 15, 2010), and its subsidiaries (hereinafter collectively referred to as "the Group") are engaged in the business of running/managing hospitals, and providing healthcare services. The Company holds interests in its subsidiaries together with which it invests, manages and operates a network of various Hospitals/Clinics providing Healthcare services in India and Malaysia.

Steps Initiated for the year 2018-19   -          Recycling of waste water in cooling tower saves around 70-80 KLD. Treated water from STP is used for gardening. Road cleaning, vehicle washing etc. which saves fresh water. This was implemented at Mangalore(new block) and Whitefield units. -          LEED Platinum Certificates awarded to KMC tower 2 and Whitefield units. -          NALCO (water treatment) systems to optimize efficiency and power savings of the chillers is adopted for all units. -          Heat pumps are being used for hot water and by product cool air is being used to condition the basement car park areas and for cooling lift machine rooms thus saving energy. This is being done at the Whitefield unit. -          Solar hot water panels are being used as a pre feed to the heat pump to bring down the load on the Heat pumps and save energy for units at KMC and Whitefield. -          Wheeling of energy through solar, wind & Hydro Power to mitigate high energy cost for all Karnataka based hospital units. -          Rain water harvesting has been done at Mangalore, Whitefield as well as MHB units. -          Automatic Tube cleaning system (ATCS) Installed at MHB for carrier chiller and evaluated, has brought about improved efficiency in the chiller performance there by reducing the running cost. -          Installation of new MBR STP at MHB unit. This will yield better quality output water which will be used for cooling tower, landscaping and flushing.

Road Map for the year 2019-20                       1.       Installation for new MBR STP at MHB unit that will yield better output water quality which will be used for cooling tower make and landscaping and flushing. 2.      Recycled water piping work in progress at MHB unitis expected to b completed by December 2019 3.       Use of ATCS for chillers being further rolled out for all facilities being explored. 4.       Feasibility at MHB of solar plant over car parking area being explored. 5.       Replacement of MHB diesel boiler with heat pumps to bring down the fuel bill and use the byproduct cool air for air conditioning to general lift lobby zone. Heat pumps are expected to be delivered by end of September 2019. 6.      Recycling of waste water system at MHB is expected to be up and running by December 2019  

Foreign Exchange earnings and outgo                  Forex Earnings – Rs. 10.63 crore Forex Outgo – Rs. 8.64 crore   The Financial Statements of the Company have been prepared as per IND-AS under which it is not mandatory to report the Foreign exchange earnings / outgo.

Pursuant to Sec 134(3)(c)and 134(5) of the Companies Act, 2013 (the Act), the Board of Directors, to the best of their knowledge and ability confirm that:                                   -                      in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.   -                      they have 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.   -                      they have taken proper and sufficient care for the 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 fraud and other irregularities.   -                      the annual accounts of the Company have been prepared on a going concern basis.   -                      they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively