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URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....

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the company at the end of the financial year and of the profit or loss of the company for<br />

that period;<br />

(iii)<br />

(iv)<br />

That your Directors have taken proper and sufficient care for the maintenance of adequate<br />

accounting records in accordance with the provisions of the Act for safeguarding the<br />

assets of your company and for preventing and detecting fraud and other irregularities;<br />

That your Directors have prepared the annual accounts on a going concern basis.<br />

26.0 Acknowledgement :<br />

Your Directors sincerely acknowledge the unstinted co-operation, guidance and support<br />

received from the Department of Atomic Energy, Atomic Minerals Directorate of Exploration<br />

& Research, Nuclear Fuel Complex, Bhabha Atomic Reseach Centre, Govt. of Jharkhand, Ministry<br />

of Corporate Affairs, Department of Public Enterprises and other ministries and the Comptroller<br />

& Auditor General of India, Statutory Auditors and office of the Principal Director of Commercial<br />

Audit & Ex-officio Member, Audit Board-II, Kolkata, Bankers and all other agencies who are<br />

directly or indirectly associated with your company.<br />

Your Directors also wish to express their special appreciation of the hard work put in by each<br />

and every employee of the Company and the co-operation extended by the Employees’ Union<br />

and Officers’ Association as well.<br />

For and on behalf of the Board of Directors<br />

Mumbai<br />

September 25, 2007.<br />

R. Gupta<br />

Chairman & Managing Director<br />

15

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