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DRIVIN G ROWTH - Dr. Reddy's

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Acknowledgements<br />

The Directors take this opportunity to place on record their sincere thanks to vendors, investors, bankers and auditors for their<br />

continued support.<br />

For and on behalf of the board<br />

Director<br />

Bangalore<br />

April 17, 2002 Director<br />

annexure to the directors report<br />

A] Particulars pursuant to Companies (Disclosure of particulars in the report of the Board of Directors)<br />

1. Conservation of energy<br />

The operations of your Company are not energy intensive. However adequate measures have been taken to reduce energy<br />

consumpton even during the construction period which would have long standing benefits in this area.<br />

2. Research and Development<br />

The business model for Aurgiene is based upon the provision of services in drug discovery to pharmaceutical and biotechnology<br />

companies that wish to accelerate in house discovery programs. Aurigene will enable this by providing services that address<br />

bottlenecks in durg discovery in the post genomic era. During the year has been no costs incurred on account of R&D as it is in<br />

the construction stage.<br />

3. Expenditure in foreign currency on payment basis<br />

Particulars Inrs<br />

Travel 194,282.05<br />

Professional Charges 3,948,240.55<br />

Others 106,120.67<br />

Total 4,248,643.27<br />

AURIGENE DISCOVERY TECHNOLOGIES LTD. | FINANCIALS | ANNUAL REPORT 2001-2002<br />

279

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