Sai Jeevadhara Finance Ltd Management Discussions.

Overview

Uncertainty continues to cloud the shape and pace of global economic recovery. Just as the US seemed to be emerging from its worst recession since the great depression, Europefinds itself in the midst of a major crisis. Emerging market economies, on the other hand, seem to be significantly ahead on the recovery path, but some of them are also facing inflationary pressures. These factors have caused great concern in the Finance Market and there is fluctuations in International Exchange Rates also due to these pressures. This has prompted banks in some of these countries alsoto revise the policies.

Indian Economy

The monetary policy response in India, in the wake of global economic crisis, was aimed at instilling confidence in market participants, mitigating the adverse impact of the global financial crisis on the economy and ensuring an early return to the path of recovery. The uncertainty in the value of Rupee in the international market continues to be a challenge and the Government of India has taken steps to stabilize the value of currency and thereby improve the Stock Market. There are somefavourable results achieved.

Operating & Financial Performance

On the N PA front, your Company has made some progress by settlement of few loans. During the year, your Company has not recovered any amount. Your directors are taking sincere steps to improvethefinancial position of the company by new avenues.

CEO CERTIFICATION

As required under Clause 49 of the Listing Agreement, a Certificate duly signed by Sri. R.AIaghentren, Chairman and Managing Director (CEO) was placed at the meeting of the Board of Directors held on 06th September2017.

The Board of Sai Jeevadhara Finance Limited has laid down a code of conduct for all the Board Members and Senior Management. All the Board Members and Senior Management Personnel have affirmed compliance of thecode.

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE

To

The Members of Sal Jeevadhara Finance Limited,

We have examined the compliance of conditions of corporate governance by SAI JEEVADHARA FINANCE LIMITED, for the year ended on 31" March 2017, as stipulated in Clause 49 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, pursuant to the Listing Agreement of the said Company with stock exchanges.

The compliance of conditions of corporate governance is the responsibility of the management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of the Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as stipulated in the provisions as specified in the above mentioned Listing Agreement of the said Company with stock exchanges except non-appointment of Independent Directors and Secretarial Auditor.

We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company.

For K.K.B& ASSOCIATES

Chartered Accountants

(B.SHANMUGASUNDARAM)

Proprietor

Membership No.200111 Firm Rcgn.No.008120 S

Place: CHENNAI . . Date : 06.09.2017