XBRL Financial Statements Duly Authenticated 2016-17 PDF

MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2016 to 31/03/2017
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Crores of INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Corporate identity number U15209DL2000PTC104671
Permanent account number of entity AACCM3174A
M O T H E R
Address of registered office of company DAIRY, PATPARGANJ DELHI 110092 India
Commercial and
Type of industry Industrial
Registration date 24/03/2000
Company limited by
Category/sub-category of company Shares/Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 13/06/2017
Period covered by financial statements 01/04/2016 to 31/03/2017 01/04/2015 to 31/03/2016
Date of start of reporting period 01/04/2016 01/04/2015
Date of end of reporting period 31/03/2017 31/03/2016
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Crores
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
MOTHER DAIRY,
Complete postal address of place of maintenance of computer
PATPARGANJ, DELHI
servers (storing accounting data) 110092, India
Name of city of place of maintenance of computer servers (storing
Delhi
accounting data)
Name of state/ union territory of place of maintenance of
Delhi
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
110092
accounting data)
Name of district of place of maintenance of computer servers
East Delhi
(storing accounting data)
ISO country code of place of maintenance of computer servers
IN
Name of country of place of maintenance of computer servers
India
Phone (with STD/ ISD code) of place of maintenance of computer
01122471991
servers (storing accounting data)
In-house deployed ERP
Name of the service provider System (SAP)
Internet protocol address of service provider Not Applicable
Location of the service provider Not Applicable
Whether books of account and other books and papers are maintained
No
on cloud
Address as provided by the service provider Not Applicable
Total number of product or service category 3
MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017
Disclosure of principal product or services [Table] ..(1)

Types of principal product or
_PrincipalProductOrPrincipalService_1 _PrincipalProductOrPrincipalService_2 _PrincipalProductOrPrincipalService_3
services [Axis]
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Disclosure of general
information about company
[Abstract]
Disclosure of principal
product or services [Abstract]
Disclosure of principal
product or services [LineItems]
Product or service
0401 1507 0709
category (ITC 4 digit) code
Description of product or
Milk and Milk Products Edible Oil Other Vegetables, Fresh or Chilled
service category
Turnover of product or
6,092.22 1,125.69 369.07
service category
Highest turnover
contributing product or service 04012000 15079010 07099090
(ITC 8 digit) code
Description of product or
Milk Edible Oil Other Vegetables, Fresh or Chilled
service
Turnover of highest
4,802.17 1,125.69 369.07
contributing product or service
[400400] Disclosures - Directors report
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material
contracts/arrangements/transactions at _MaterialContractsArrangementsTransactionsAtArmsLengthBasis_91 _MaterialContractsArrangementsTransactionsAtArmsLengt
arm's length basis [Axis]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Name of related party National Dairy Development Board (NDDB) IDMC LIMITED
Nature of related party relationship Holding company Fellow Subsidiary company
Details of material
contracts/arrangements/transactions at
arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions
at arm's
length basis [LineItems]
Name of related party National Dairy Development Board (NDDB) IDMC LIMITED
Nature of related party relationship Holding company Fellow Subsidiary company
Description of nature of material
Interest on Borrowing Purchases
with
related party
Duration of material
Not Applicable Ongoing
with
related party
2

Material
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Name of related party IDMC LIMITED IDMC LIMITED
Nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company
Details of material
arm's
Details of material
at arm's
Name of related party IDMC LIMITED IDMC LIMITED
Nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company
Other expenses reimbursed Purchase of assets
with
related party
Ongoing Ongoing
with
related party

Material
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Name of related party National Dairy Development Board (NDDB) National Dairy Development Board (NDDB)
Nature of related party relationship Holding company Holding company
Details of material
arm's
Details of material
at arm's
Name of related party National Dairy Development Board (NDDB) National Dairy Development Board (NDDB)
Nature of related party relationship Holding company Holding company
Other expenses reimbursed Loans repaid
with
related party
Ongoing April 2016 to 2017
with
related party
3
Details of indebtedness of company [Table] ..(1)

Secured loans excluding deposits
Indebtedness [Axis] Indebtedness [Member]
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 658.46 34.93
Reduction in indebtedness 689.42 327.14
Total changes in indebtedness -30.96 -292.21
Principal amount at end of financial year 344.23 376.02 79.6 372.64
Interest due but not paid at end of financial
1.62 -0.83 0 -0.83
year
Interest accrued but not due at end of
0 0 0 0
financial year
Total indebtedness at end of financial year 345.85 375.19 79.6 371.81
Details of indebtedness of company [Table] ..(2)

Indebtedness [Axis] Unsecured loans [Member] Deposits [Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 623.53 0
Reduction in indebtedness 362.28 0
Total changes in indebtedness 261.25 0
Principal amount at end of financial year 264.63 3.38 0 0
Interest due but not paid at end of financial
1.62 0 0 0
year
Interest accrued but not due at end of
0 0 0 0
financial year
Total indebtedness at end of financial year 266.25 3.38 0 0
4
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] _Promoters_104 _Promoters_105
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
[shares]
Total number of shares held at end of period [shares] 25,00,00,064
25,00,00,064
[shares] 0 [shares] 1
Percentage of total shares held at end of period 99.9999976% 99.9999976% 0.00% 0.0000004%
Percentage of change in shares held during year 0.00% 0.0000004%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
National Dairy
Shareholder’s name Development Board
Shri T Nanda Kumar
[shares]
25,00,00,064
Percentage of shares pledged/encumbered
0.00% 0.00% 0.00% 0.00%
to total shares at end of period
[shares]
25,00,00,064
Percentage of total shares held at end of

99.9999976% 99.9999976% 0.00% 0.0000004%
period
[shares]
25,00,00,064
[shares]
25,00,00,064

99.9999976% 99.9999976% 0.00% 0.0000004%
period

01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 2 [shares] 1 [shares] 1 [shares] 1
Shri Sangramsinh R.
Shareholder’s name Shri Dilip Rath
Chaudhary
0.00% 0.00% 0.00% 0.00%
0.0000008% 0.0000004% 0.0000004% 0.0000004%
period
0.0000008% 0.0000004% 0.0000004% 0.0000004%
period
5

01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Shareholder’s name Shri YY Patil Shri S. Nagarajan
0.00% 0.00% 0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period

Promoters [Axis] _Promoters_110
01/04/2016
to 31/03/2016
31/03/2017
Total number of shares held at end of period [shares] 1 [shares] 1
Percentage of total shares held at end of period 0.0000004% 0.0000004%
Percentage of change in shares held during year 0.00%
Shareholder’s name Shri Meghnad Mitra
Percentage of shares pledged/encumbered to total shares at end of period 0.00% 0.00%
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] _ParticularsOfCompanies_103
01/04/2016
to
31/03/2017
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
National Dairy Development
Name of company Board
Address of company Anand, Gujarat 388001
Country of incorporation of company India
Type of company Holding Company
Percentage of shares held 100.00%
Applicable section 2(46)
6
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] _DirectorSigningBoardReport_121
01/04/2016
to
31/03/2017
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director DILIP
Last name of director RATH
Designation of director CHAIRMAN
Director identification number of director 05163623
Date of signing board report 13/06/2017
Details of shareholding pattern [Table] ..(1)

Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
[shares] [shares]
Number of physical shares held end of period 25,00,00,070
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
[shares] [shares]
Total number of shares held at end of period 25,00,00,070
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
[shares] [shares]
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
[shares] [shares]
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070

100.00% 100.00% 100.00% 100.00%
period
[shares] [shares]
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
[shares] [shares]
[shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070

100.00% 100.00% 100.00% 100.00%
period
7

Shareholding pattern [Axis] Indian [Member] Individual/HUF [Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
[shares]
[shares] 25,00,00,070 [shares] 6 [shares] 6
[shares]
[shares]
[shares]

100.00% 100.00% 0.0000024% 0.0000024%
period
[shares]
[shares]

100.00% 100.00% 0.0000024% 0.0000024%
period

Shareholding pattern [Axis] Corporate bodies [Member]
01/04/2016
to 31/03/2016
31/03/2017
Number of demat shares held at end of period [shares] 0 [shares] 0
[shares]
[shares] 25,00,00,064
[shares]
[shares] 25,00,00,064

[shares]
[shares] 25,00,00,064

[shares]
[shares] 25,00,00,064

[shares]
[shares] 25,00,00,064

[shares]
[shares] 25,00,00,064
8
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Milk and Milk
Name of main product/service Products
Edible Oil
Milk and Milk
Description of main product/service Products
Edible Oil
NIC code of product/service 105 104

Percentage to total turnover of company 78.00% 14.00%
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] _DirectorsAndKeyManagerialPersonnel_111 _DirectorsAndKeyManagerialPersonnel_112
Cumulative shareholding during year
Change in shareholding [Axis] Shareholding at beginning of year [Member]
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Increase decrease in shareholding during year [shares] -1 [shares] 0
Percentage increase decrease in
0.0000004% 0.00%
shareholding during year
0.00% 0.0000004% 0.00% 0.0000004%
period
Percentage increase decrease in shareholding
0.0000004% 0.00%
during year
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial NANDA KUMAR NANDA KUMAR
personnel THARAVANAT THARAVANAT
0.0000004% 0.00%
0.00% 0.0000004% 0.00% 0.0000004%
period
9
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Increase decrease in shareholding during year [shares] 1 [shares] 2
0.0000004% 0.0000008%
0.0000008% 0.0000004% 0.0000008% 0.0000004%
period
0.0000004% 0.0000008%
during year
[LineItems]
Name of directors and key managerial
DILIP RATH DILIP RATH
personnel
0.0000004% 0.0000008%
0.0000008% 0.0000004% 0.0000008% 0.0000004%
period
10
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
0.00% 0.00%
during year
[LineItems]
SANGRAMSINH SANGRAMSINH
RAYSANGBHAI RAYSANGBHAI
personnel CHAUDHARY CHAUDHARY
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
11
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
0.00% 0.00%
during year
[LineItems]
Name of directors and key managerial NAGARAJAN NAGARAJAN
personnel SIVARAMAKRISHNAN SIVARAMAKRISHNAN
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
12
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
0.00% 0.00%
during year
[LineItems]
MEGHNAD MITRA MEGHNAD MITRA
personnel
0.00% 0.00%
0.0000004% 0.0000004% 0.0000004% 0.0000004%
period
13

01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
In terms of section 123(1)
of the Companies Act 2013,
100% of the retained
Disclosure relating to amounts if any which is proposed to carry to any
earnings after proposed
reserves dividend distribution
will be transferred to
reserves and surplus.
Disclosures relating to amount recommended to be paid as dividend [See below]
Details of conservation
of energy, Technology
Absorption and Foreign
Exchange Earnings & outgo
Details regarding energy conservation in the prescribed form
under section 134(m) of
the Companies Act, 2013
is given in Annexure II.
Details regarding technology absorption in the prescribed form
Details regarding foreign exchange earnings and outgo in the prescribed form
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (5)
affecting financial position of company [See below]
T h e
Company has not given any
loans, guarantees or made
Particulars of loans guarantee investment under section 186 [TextBlock] any investments under
section 186 of the
Companies Act, 2013
during the year
2016-17.
Particulars of contracts/arrangements with related parties under section Textual information (6)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
13/06/2017
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (7)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock] Nil
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
T h e
independent directors
Disclosure of statement on declaration given by independent directors submitted declarations
under section 149(6) [TextBlock] as required under
sub-section (7) of
section 149 of the
Companies Act,
2013.
14
Disclosure for companies covered under section 178(1) on

directors appointment and remuneration including other matters N o t
provided under section 178(3) [TextBlock] Applicable
Disclosure of statement on development and implementation of risk Textual information (8)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] N o

Change
Details of directors or key managerial personnels who were Textual information (11)
appointed or have resigned during year [TextBlock] [See below]
During the
Disclosure of companies which have become or ceased to be its year no company has become
subsidiaries, joint ventures or associate companies during or ceased to be
year [TextBlock] subsidiaries, joint
ventures or associate
companies of the
Company.
T h e
Company has not accepted
or renewed any fixed
Details relating to deposits covered under chapter v of companies act
deposits during the year
[TextBlock] and there was no fixed
deposit remained
unclaimed or unpaid
during the
year.
Deposits accepted during year 0
Deposits remained unpaid or unclaimed at end of year 0
Amount of default in repayment of deposits or payment of interest
0
thereon beginning of year
Maximum amount of default in repayment of deposits or payment of
0
interest thereon during year
Amount of default in repayment of deposits or payment of interest
0
thereon end of year
Number of cases of default in repayment of deposits or payment
[pure] 0
of interest thereon beginning of year
Maximum number of cases of default in repayment of deposits or
[pure] 0
payment of interest thereon during year
Number of cases of default in repayment of deposits or payment
[pure] 0
of interest thereon end of year
T h e
Company has not accepted
or renewed any fixed
Details of deposits which are not in compliance with requirements
deposits during the year
of chapter v of act [TextBlock] and there was no fixed
deposit remained
unclaimed or unpaid
during the
year.
There are
no significant and
Details of significant and material orders passed by material orders passed
by the regulators or
regulators or courts or tribunals impacting going concern courts or tribunals
status and company’s operations in future [TextBlock] impacting the going
concern status and
company s operations in
future.
Details regarding adequacy of internal financial controls with Textual information (12)
reference to financial statements [TextBlock] [See below]
15
Disclosure of contents of corporate social responsibility policy T h e C S R

[TextBlock] policy is available at the
website of the Company
(www.motherdairy.com).
Disclosure of reasons if company fails to spend prescribed amount on CSR Others
Disclosure of other reasons if company fails to spend prescribed amount Textual information (13)
on CSR [See below]
Disclosure of appointment and remuneration of managerial personnels

[TextBlock]
Nil
Disclosure of composition of audit committee and non-acceptance
of any recommendation of audit committee along with reasons [See below]
[TextBlock]
V i g i l
Mechanism
A s
Disclosure of details of establishment of vigil mechanism [TextBlock] required under section
177(9) of the Companies
Act, 2013, the Company has
a Vigil Mechanism and is
available at the Company
s website.
Disclosure of policy formulated by nomination and remuneration
N o t
committee relating to remuneration for directors, key Applicable
managerial personnels and other employees [TextBlock]
The present
auditors M/s S. B.
Billimoria & Co. have
Disclosure of report concerns about unethical behaviour, not reported any fraud in
actual or suspected fraud or violation of company’s code of terms of sub-section (12)
conduct or ethics policy [TextBlock] of section 143 of the
Companies Act, 2013 in
their Audit
report.
Number of meetings of board [pure] 4
16
Disclosure in board of directors report explanatory [Text Block]

Directors Report to Shareholders
The Directors are pleased to present their Seventeenth Annual Report on the business and operations of the Company along with the Audited
Accounts for the year ended 31 March 2017.
The objective of the company of Nourishing every Indian with delightful and healthy products, while enriching the lives of farmers and the
community in which we operate in resonates with the vision articulated by the Honorable Prime Minister of the country.
Happy Food and Happy people has been the motto of the organization and over the years, it has worked assiduously to live up to the proposition.
Mother Dairy has been coming up with healthy product offerings and great tasting innovations while striking a right balance between the rural
farmer and urban consumer. Mother Dairy has been ranked no. 1 for its Product Profile in First India Access to Nutrition Spotlight Index (ATNI)
where many of India s largest F&B corporates were assessed.
Mother Dairy s heritage is intrinsically linked to the cooperative movement of the country and with a determination to work towards the
upliftment of farmers. It is the company s constant endeavor to ensure that milk producers and farmers receive remunerative prices in a
transparent and efficient manner.
To support the Initiatives for Development of Agriculture and Welfare of Farmers during the Financial Year 2016-17, the company has ventured
into new territories of Maharashtra, where market access and linkages to the dairy farmers was poor. Within 6 months, the operations spread in
586 villages procuring around 40K liters per day from over 7000 farming families in the districts of Vidarbha and Marathwada region of
Maharashtra. The company also started procuring milk from the districts of Motihari, East and West Champaran, and Gopalgunj in Bihar from
February 2017 to improve the livelihood of farmers in that region.
The Company s sustained efforts to strengthen procurement from own network, was complemented by improved sourcing from the various
Producer Companies, and the Cooperatives. This move resulted in increasing the milk sourcing to 81% (from 72% of last year) from the farmer
centric organisations. This has also resulted in improved quality of milk offered to the consumers.
To support the Digital India Program, (a flagship program of Government of India with a vision to transform India into a digitally empowered
society), we at Mother Dairy equipped all our Booths across Delhi/NCR with cash-less payment options, like Mother Dairy (co-branded with
SBI) Prepaid Card, PayTM, Unified Payment Interface (UPI) and Aadhar enabled payment system (AEPS). The AEPS was in collaboration with
Ministry of Electronics and Information Technology. These initiatives offered multiple choices of cash less payment options to the consumers to
choose from. Company also worked on direct transfer of funds to farmers bank account and almost 50% of such payments are now made directly
to the farmers and this number is increasing.
Performance of the Company
Results
In 2016-17, Company achieved a turnover of Rs. 7918 crores registering an overall growth of 10%; profit before tax however decreased from
Rs.233 crores in 2015-16 to Rs.150 crores in 2016-17 largely due to hardening in milk prices in flush season.
During the year, all our businesses delivered growth led by DHARA edible oils which grew at 24% followed by Mother Dairy Value Added
Dairy Products (VADP) at 18%. We are happy to share that in our Milk business we have reversed the trend of the past and delivered a growth of
7% during 16-17. Horticulture business delivered 8% growth during the year.
Financial performance [Summarized Profit and Loss Account]
Value-Rs. Crore
Particulars 2016-17 2015-16
Net Sales 7,890 7,166
Other Income 28 20
17
Total 7,918 7,186
Operating Expenses 7,671 6,817
PBDIT 247 369
Depreciation 82 81
PBIT 165 288
Interest (net) 15 55
PBT 150 233
Provision for taxation 45 74
Net Profit 105 159
Dividend 25
Tax on Dividend 5
Balance (Loss)/Profit Transferred to Reserves and Surplus 105 129
Dividend
In view of the profits earned by the Company, your Directors are pleased to recommend a dividend of Rs. 0.80 per share for the financial year
2016-17, for the consideration of shareholders at the ensuing Annual General Meeting of the Company. In terms of section 123(1) of the
Companies Act 2013, 100% of the retained earnings after proposed dividend distribution will be transferred to reserves and surplus.
Review of Business operations of the Company and future outlook
The philosophy and operating values of the company is to ensure fair price to the primary producers and simultaneously develop and strengthen
the institutional framework of the farmers. The company also strives to strike a fine balance of ensuring the consumers getting high quality of
products and services at an affordable price.
In order to create capability for investment and to support the growth agenda, your Company propose to add Rs. 105 crores to the Reserve and
Surplus, taking overall Equity and Reserves to Rs. 527 crores (excluding dividend and dividend tax payment), Rs. 503 crore after paying off the
proposed dividend and dividend tax.
The Reserves would make the company financially strong and can effectively address competitive issues in the market and create head room for
growing the business in the future.
Capital Structure
We are happy to mention that Company s Credit Rating has been enhanced from AA+ to AAA status by CARE. The Company s low Debt/Equity
18
ratio provides ample scope for leveraging the Balance Sheet, and enable execution of investment proposals for growing the business in the future.
Sustainability
As part of Mother Dairy Environment Management System, the Company has consistently emphasized sustainable use of natural and
non-renewable resources. It has constantly evaluated new initiatives that could reduce waste and emission. The focus is on improving operational
efficiencies, minimizing consumption of non-renewable and natural resources, reducing CO2 emission per ton of production.
In this direction, Company has set-up Solar Power Generation Units and commissioned 800KW photo Voltaic Projects Pan India (500 KW at
Balaji, Andhra Pradesh, 100 KW each at Patparganj, Pilkuwa and Etawah factory in Uttar Pradesh.
The Company has also installed Concentrated Solar Technology (CST) project at Patparganj equivalent to 3 MW power to reduce the
consumption of PNG by approximately 69000 scm per annum. Mother Dairy has been one of the early adopters of this alternative technology.
In the area of Water conservation, Company has further added three rain water harvesting pits of capacity 1 lakh liters each, making total capacity
pan India 1060 cu.m.
Further Initiatives like condensate recovery and other water conservation measures have resulted in 9% reduction in water consumed per KL milk
handled, (water consumption went down from 1.86KL/KL of throughput to 1.68KL/KL over last year).
New capacities that have added and planned for future
The Company has extended its farmer connect to the underdeveloped area by providing market access through our new frozen line to the green
peas growing farmers of Jharkhand. This facility will also enable processing cut vegetables and also other local produce in and around Ranchi.
Company has set-up a new modern IQF processing facility of 4350 MT at Ranchi in phase-1 and has plans to install pulp processing facility of
17700 MT during 2017-18 at Ranchi.
The Dairy business, company has invested in addition of new capacities to meet the consumer demand of its products. We have done these
investments through our business partners to optimise our cash flow and get operating efficiencies. In Value added Dairy Products, we have
added 100MTPD capacity for Fermented Products near NCR to support the volume growth in NCR market, new Capacity of 5 MTPD for
Fermented Products in Punjab to cater the upcountry north market.
South being our new market, we have added 5 MTPD capacity of fresh fermented products in Telangana to support the growth objectives for
south tier 1 markets.
Nagpur PPM Operations started on 1 Feb 2017, post refurbishing the plant with a capacity of 50,000 ltrs per day, expandable to 1 LLPD. We also
continued to de-bottleneck our existing facilities and work on improving line productivity to meet the growing demands of our products.
Milk Procurement
Mother Dairy undertook expansion activities in own area network during the FY 2016-17, strengthening its existing network in Uttar Pradesh and
venturing into Maharashtra and Bihar. Milk procurement from own area increased by 49% over the last year i.e. from 232 KLPD to 347 KLPD.
616 new villages were added to the existing set up in Uttar Pradesh taking the number up to 2298 from 1682 villages in Mar 16. In Maharashtra,
procurement operations were started in the drought affected areas of Vidarbha and Marathwada from October 2016 onwards with the objective of
helping the farmers with market access. Within 6 months the operations spread to cover 586 villages procuring around 39000 lts per day from
more than 7000 farming families in the districts of Amrawati, Wardha, Nanded, Osmanabad and Nagpur. Procurement Operations were started in
Bihar from February 2017 covering 42 villages and scaling it up to 400 villages in the current year.
The milk prices moved up during the winter season and continued hardening through last quarter of the year. SMP prices in International market
hardened during Jan- Feb 2017, triggering hopes of exports and resulting in an upswing in the domestic SMP prices. The existing stock levels of
SMP was also low in the trade. This led to spurt in milk prices in the country. The SMP prices increased by 40% over last year and Ghee prices
by 30% leading to aggressive intervention in the market by private dairy players. Strategic milk buying for managing optimum source-mix by the
Company helped maintain reasonable profitability during the year.
THE YEAR AHEAD
Mother Dairy will maintain the focus to expand its own milk procurement operations in Central Uttar Pradesh and increase its penetration and
reach in the areas adjoining the existing setup in Bulandshahr, Muzaffarnagar, Raebareilly and Sultanpur districts of UP. Emphasis in the coming
year would be on improving the milk quality and enhance production at the farm level through activities focusing on feed and fodder and animal
health. In the pursuit of increasing sourcing from producer centric organizations, Mother Dairy will continue supporting the Producer Companies
and Co-operatives. The endeavor will be to increase their share up to 85% in 2017-18.
The raw milk price is likely to remain firm during the first half of the year 2017-18 due to significantly high commodity prices on account of
strong demand for White Butter and Ghee in domestic market. Ghee prices are likely to firm up in the festive season which is likely to have an
impact on raw milk prices as well. The International commodity prices have subdued after a brief hike in January - February 2017, and are
expected to remain subdued, due to sufficient stocks availability in EU and an outlook of good production globally. The forecast of normal
Monsoon this year may improve the outlook in later half of the year and prices are likely to normalize.
Performance of business and Categories
Milk & Dairy Products Business
19
The Milk Business, contrary to the past, as a resultant of some very impactful marketing efforts, has seen the business revive and the team
aggressively pursuing market share not only in key markets, but also expanding to newer geographies with a clear view to increase its footprint
and growth opportunities spreading beyond the confines of Delhi/NCR.
The business embarked upon an extensive exercise to redefine its brand architecture and after much deliberation finalized on the three-basic
segment of the milk continuum, namely Healthy Basics, Health Plus and User Driven Segments. The SBU executed extensive campaigns to
position the brand high in the consumer s consideration set and making the brand more salient. We launched the very successful campaign to
establish our Booths through the HERONEXTDOOR, showcasing the concessionaire, who are ex-servicemen, as the hero and who also operates
our booth with the same set of values as that of a soldier. The campaign met with exceptional success and won an EMMY Award.
On the product front, the business unit launched Cow milk and positioned the same for growing kids in the 2-7 years of age. The milk is enriched
with Vitamin A and D and Homogenized for easy palatability. The product met with huge success and created a niche for itself. We recovered
many of our customers and saw new customer joining the brand through this product. The variant, within 8 months, cornered 3 LLPD sales and
sales is estimated to exceed Rs. 500 Crore at MRP levels.
The milk business expanded to newer geographies, notably Nagpur in the West and Kolkata in the East, as part of the SBU s Purab Paschim
strategy to increase presence in the Western and Eastern Markets of the country. The initial response in Nagpur has been good and in Kolkata,
where the milk was launched under the brand Dailyscious, the impactful launch campaigns helped the brand to be registered in the mind of the
consumer and is likely to be a major contributor to our growth in future.
The outlook of the Milk Business for the next fiscal year and the following 2 years are very positive. With the proposed small packs targeted at
the low income household segment, the SBU targets to add another Rs 75 Crores in new product sales in FY 2017-18. The milk business unit is
also working on repositioning its low-fat milk variants as product for weight management and lifestyle management and in the Health Plus range.
Value Added Dairy Products
Value added Dairy Products business (Ice Cream, Fresh Dairy, Dairy Beverages & Ghee) registered a growth of 18%. The year saw doubling of
growth rate (PY growth 9%) and a robust performance across most of the key categories. Whilst Fresh Beverages & UHT Milk (Extended shelf
Life & Tetra Pack) grew at a healthy rate of 44% & 61% respectively. East region almost doubled turnover gave a significant momentum to the
overall dairy products growth followed by growth in Delhi/NCR& Rest of North Region at 12% & 26% respectively.
Going forward, the endeavor for the SBU is to outpace the Industry growth rate & gain market share in key categories such as Ice Creams,
Curd/Yoghurt & Dairy Beverages that contribute 80% of the business. Beverages & Ambient Products shall outpace the total VADP growth.
Edible Oil
Edible Oil business registered a healthy 24% growth. On the domestic oils, mustard prices had strong rallies due to low production and damaged
mustard seed crop. Business strategy of expanding distribution to 1 lac and above population towns paid off well, we have gained share in the
eastern region where our brand is relatively strong and achieved growth of 24% against industry growth of 15%.
For the year 2016-17, the outlook on consumption for edible oil is approaching 200 lakh metric tons, on an estimated import content of 64-65%.
Competitive scenario is becoming even fiercer with proposed merger of the two largest player of the industry. A comprehensive GTM strategy
along with a comprehensive program theme of winning with the retailers has been rolled out. Company will invest in variant communication with
focus on flagship variant Dhara Refined Vegetable Oil and Mustard oil. The communication will cover the planks of health benefits and flavor
offerings. Dhara business is expected to continue the growth momentum in the current year as well.
Horticulture
Growth in Horticulture Business segment remained flat.
Fresh Fruit & Vegetables
Safal Retail business has achieved volume Growth of 6% during the FY2016-17. While Fruit & Vegetables price remained almost flat during
three quarters of the year however, witnessing a sharp correction in many vegetable prices after demonetization, resulting a substantial drop in net
sales realization during 4 quarter. It is envisaged that the same trend shall continue till 1 quarter of F.Y 2017-18.
Institutional business in fresh F&V witnessed a growth of 13% and growth of 25% by increasing customer base during 2017-18 is envisaged.
It is also aimed to increase Cash And Carry channel by converting low throughput retail outlet, especially in Safal market Bangalore. Company is
also looking forward to reviving the Auction channel in Safal market, Bangalore.
To improve buying experience of customer and thus increase in footfall, company plan to redesign some key outlets to improve consumer
experience at this. Pilot project is already on and initial feedback is encouraging.
During the year Company has installed POS machine in around 100 F&V outlets, which facilitate in monitoring of various front end activities like
tracking secondary sales/customer footfall, Dump /wastage etc. It is planned to install POS machine in all our booths during F.Y 2017-18.
As a part of backend activities at farmers place it has created two collection and grading centers at Safal grower association, Sainj and Dabaroo
(HP). It will help to reduce post-harvest losses specially in rainy season and facilitate collection of seasonal vegetables from small growers.
20
The value added Horticulture business has achieved a growth of 9% over last year, mainly led by Pulp & exports business. It has grown by 16%
in volumes and 10% by value to clock 26528 MT volumes and Rs. 168.7 Cr value respectively.
However, the business went through many challenges both at the backend and the frontend. India s cost competitiveness of Totapuri mango pulp
faced stiff competition from South American market as their pulp was relatively cheaper.
To mitigate the above challenges the company embarked upon many initiatives; viz: Export of fresh banana and pomegranate were initiated to
Middle East markets. New customers were targeted across geographies and in the process your company has added 13 new customers. Exports
have been undertaken to 30 countries in FY 2016-2017.
The Phase 1 of Ranchi plant was commissioned in a record ten months timeframe.
As part of this initiative, field trials in and around Ranchi to identify varieties suitable for local agro-climatic conditions for processing purpose.
The field trials also laid emphasis on productivity enhancement. Several agronomic practices were introduced in the tomato fields of local farmers
under the guidance of SAFAL team.
Mangolpuri F&V Unit has also upgraded its IQF facility and increased production capacity of frozen peas. During the year it had processed 4282
MT peas which was ever highest production.
Ranchi facility will be expanded and pulp processing facility of 17700 MT will be set up during 2017-18. The second phase will help find market
access to tomato growers of the area as well as mango and other fruits grown in the region.
In October 2016, we launched SAFAL Honey, Company took technical guidance from National Bee Board to launch its honey product.
THE YEAR AHEAD
Pulp & exports business is poised to grow by 22% over last year. The company aims to further develop& strengthen 3P plants operations in
Nasik, Chittoor & Punjab for minimizing business uncertainties occurring due to seasonal aberration. With a better mango season expected till
date, exports will be key to this growth and there will be major focus on increasing exports of mango pulp to Middle East, Europe & USA. Fresh
exports of banana and pomegranate will continue and new products in fresh like watermelon and mango will also be explored.
Frozen will continue on its growth path and is targeted to grow aggressively by about 35% over last year. New distributors and point of sales will
be added in existing geography to strengthen the product penetration and reach. However, a bumper crop is slated to affect the per unit sales
realization.
At the same time many new non-peas products will be added to the frozen portfolio to widen the portfolio reach. Frozen products like French
fries, Jackfruit, and Sweetened mango pulp will be rolled out under SAFAL frozen umbrella. Frozen jackfruit will be exclusively sourced and
processed at Ranchi and will benefit the tribal farmers of Ranchi and this would be an ideal product from the standpoint of health, nutrition and
convenience.
Research & Development Innovation, Quality Assurance, Analytical + Technology Absorption
Mother Dairy has always spearheaded innovations in the Dairy, Oils and F&V category, and current emphasis has been nutrition focused
innovations. In addition to innovation, bench-marking quality assurance systems, driving improved and modern analytical capability embracing
best scientific and regulatory practices and networking to drive the innovation, Quality and Food Safety agenda have been some critical few focus
areas.
Our focused activities on innovations resulted in a host of new products in Value Added Dairy, Ice-cream and in Fresh Milk Category. Cow milk
in the poly-pack segment, launch of Pulses, Honey and Idly- Batter were few important consumer launches. These products have received good
acceptance from consumers. We will continue to work on extension of processed F&V category like Dehydrated Onions, Ginger Garlic Paste,
Long Shelf life products as well as Value Added Dairy products like Dairy Dips, and Premium Extruded Ice cream. Improved Nutrition has been
our main stream and Mother Dairy emerged to be the first Dairy in India to launch 100% of our poly pack milk fortified with Vitamin A & D in
India. Other products like value added Milk products, Foods for Special Dietary Purposes and Mid Calorie Products are few innovations in the
pipeline. We have also made our products distinct through packaging led innovations delivered Kulfi in new distinctive 750ml family pack with
akin to traditional Matka look significantly improving consumer connect. In edible oil business, we strengthened Food safety through e lined
carton Penta Panel Design reflecting the shape of an oil drop helping to fight counterfeiting piracy. On renovations we completed development of
revamping old artwork for Brand upliftment in fermented curd cup & pouch category to ensure Brand relevance and consumer contact.
Our Quality Assurance Systems have been conceptualized on Quality by Design, strengthened through Global Standards and Process Controls in
Quality, for existing and for all new Innovations. Our CQA group has been a primary force in various National committees and therefore plays a
strong support in critical National Level Food Safety quality evaluation programs
Our Central analytical Lab extended the scope of NABL accreditation, adding Microbiology hygiene parameters along with chemical parameters
for Milk and Milk products as per ISO 17025-2005. With growing consumer concern and with the aim to improve food safety, our Central
Analytical Lab will be gearing up for highly sophisticated state of the art instruments for analyses. This will strengthen our analytical capabilities
and dependency on external labs.
Mother Dairy has been hailed by FSSAI for implementation of fortification of milk, oil as per regulation. Scientific validation embracing current
regulations for product labelling and claim has created value to our customers.
Company has been awarded for its consistent quality assurance at various forums, like:-
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a) Genentech Safety Award 2016 in Gold Category by Genentech foundation, Delhi for outstanding achievements in Occupational Health &
Safety Management System for Patparganj.
b) Genentech Safety Award 2016 in Silver Category for Balaji.
c) Golden Peacock Award for Health & Safety for the year 2016 for Patparganj.
d) CII 5S Excellence Award (1 Prize) in Large Industry category for Process Industry for Patparganj.
Information and Technology
Your company has continued its journey to adopt technology effectively. The digitalization process has also been embarked upon with few niche
projects and the learnings are being used to arrive at a digital strategy. Server and core network hardware in the data center has been refreshed
without incurring capital outlay and has completely moved into a managed services agreement with IBM that started in a phased manner from
2014. The move to managed services and data center collocation has been done to ensure that the IT team is able to focus on their core
competencies in supporting the business with appropriate technology. Another in-memory database platform HANA. The MS system supported
by an outsourced call center for complaint/incident management has become the backbone for consumer and farmer grievance management, field
equipment complaints and IT complaints management. SLAs and escalations are managed for internal and external stakeholders through the
system, with SMS support.
A multi-pronged approach to digitalization has been taken with projects like internet of things (IOT) for power analytics at booths, online
reputation management, distributor management system with sales force automation in Delhi/NCR, mobile app for milk indent collection,
Patparganj plant automation integration for analytics. PRISM application for milk procurement and farmer payment has been deployed at all
MCCs and BMCs and payments are being managed through PRISM.
Recognizing the critical need for information security and to put in place a robust framework, your company has embarked on IS027001:2013
compliance initiative.
Other Initiatives
E-Procurement
As part of on-going efficiency drive across business/ function, we initiated e-Procurement platform to move away from paper based processes and
to reduce the sourcing cycle time. E-sourcing solution has helped in improving the operational efficiency and established transparency with
automation
Control Self-Assessment
In our endeavor to strengthen and build on the pillars of existing robust corporate governance framework, the Company has institutionalized a
controls self-certification programme. The controls self-certification programme helps the Company periodically to reinforce internal controls to
the end users and transparently publishes results on controls performance. It helps the executive management to pro-actively assesses
effectiveness of internal controls and improve the control environment of the company
Employee Value Proposition (EVP)
The Company s Performance Management System (PMS) has been revisited. Concept of Pay for Performance has been brought into the system
by which, high performers are differentially rewarded so as to inculcate the performance oriented culture.
The Employee Value Proposition (EVP) has been further drilled down. The Awareness Programmes were cascaded down the line and various
Award Systems have been conceptualized and implemented. EVP is now linked with the PMS and Recruitment Policy as well. Mother Dairy was
the only Company which was awarded the BBC Knowledge Best Articulated EVP at the World HRD Congress.
Board of Directors
During the year Shri T. Nanda Kumar resigned as Chairman of the Company w.e.f. 28 July 2016 consequent up on his resignation from the post
of Chairman of National Dairy Development Board. The Board of Directors at its meeting held on 21 December 2016 appointed Shri Dilip Rath
as the Chairman of the Company.
During the year Shri Deepak Tikku was appointed as Additional Director by the Board at its meeting held on 22 March 2017. The Board of
Directors also appointed Shri Saugata Mitra and Shri Meghnad Mitra as Additional Directors and Whole Time Directors of the Company at its
meeting held on 22 March 2017. The Additional Directors S/Shri Deepak Tikku, Saugata Mitra and Meghnad Mitra hold Office up to the date of
ensuing Annual General Meeting of the Company and they are proposed to be appointed at the ensuing Annual General Meeting of the Company.
Shri S. Nagarajan, Managing Director has resigned and the Board accepted his resignation with effect from 30 June 2017. The Board paced on
records its appreciation of the services rendered by Shri Nagarajan as Managing Director since 13 May 2010.
The Board at its meeting held on 13 June 2017 appointed Shri Sanjeev Khanna as additional director to hold office from 13 June 2017 up to the
date of ensuing Annual General Meeting. Shri Sanjeev Khanna is proposed to be appointed as Director at the ensuing Annual General Meeting.
The Board also appointed Shri Sanjeev Khanna as the Managing Director with effect from 1 July 2017.
22
The Board met four times during the year 2016-17.
The independent directors submitted declarations as required under sub-section (7) of section 149 of the Companies Act, 2013.
Directors Responsibility Statement
In accordance with section 134(5) of the Companies Act, 2013 the Board of Directors of the company states that:
In the preparation of annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material
departures; the directors had 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; the directors had 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; the directors had prepared the annual accounts on a going concern basis; directors had devised proper systems to ensure compliance
with the provisions of all applicable laws and that such systems were adequate and operating effectively.
Corporate Social Responsibility Policy
The Company has undertaken Corporate Social Responsibility (CSR) activities in accordance with its CSR Policy.
The Annual Report on CSR activities in the format prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014 are
provided in the Annexure I. During the year, an amount of Rs. 16.42 Lakh remained unspent, as some of the CSR projects were nearing the
completion stage and the amount shall be spent in the 1 quarter of next financial year, was carried forward to the FY 2017-18.
The Composition of CSR Committee as on 31 March 2017 was as under:
1. Shri Dilip Rath - Chairman
2. Shri Venkataratnam Balaraman, Independent Director - Member
3. Shri Nagarajan Sivaramakrishnan, Managing Director - Member
Vigil Mechanism
As required under section 177(9) of the Companies Act, 2013, the Company has a Vigil Mechanism and is available at the Company s website.
Risk Management Policy
The company has an adequate internal financial control system in place. Company identified and reviewed key business risks and monitors the
progress made on mitigating such risks periodically. Company has reviewed the standard operating practices for all key processes and the same is
reviewed periodically. The Company has implemented a Control Self-Assessment tool where by key internal controls over financial reporting are
identified and put to self-assessment by control owners.
Audit Committee
The Company has constituted an Audit Committee and composition of Audit Committee was as under:
1. Shri Venkataratnam Balaraman, Independent Director- Chairman
2. Shri Sushil Kumar Mishra, Independent Director - Member
Shri Deepak Tikku, Non-Executive Director became a member of Audit Committee after his appointment was approved by the Board at its
meeting held on 22 March 2017. No Audit Committee meeting was held during the year after his appointment. The Audit Committee met four
times during the year 2016-17 and all recommendations of the Audit Committee were accepted by the Board.
Cost Auditors
M/s K.L. Jaisingh & Co., Cost Accountants, were appointed as Cost auditors for the Company for the Financial Year 2016-17 at a remuneration
as approved/ratified by the shareholders at the Sixteenth Annual General Meeting in terms of section 148 of the Companies Act, 2013. The Board
of Directors approved their re-appointed and remuneration for the Financial Year 2017-18 and resolution for ratification of remuneration of Cost
Auditors has been set out in the Notice of the ensuing Annual General Meeting.
Auditors
The present statutory auditors M/s S.B. Billimoria & Co. were the Company s auditors since its incorporation and they hold office till the
conclusion of the ensuing Annual General Meeting. In terms of the provisions of section 139 of the Companies Act, 2013 the company is required
to rotate the auditors and hence M/s. S.B. Billimoria& Co. is not eligible for re-appointment.
The Board of Directors at its meeting held on 13 June 2017 have recommended the appointment of M/s Price Waterhouse & Co Chartered
23
Accountants LLP, as Statutory Auditors of the Company for a period of five year from the conclusion of Seventeenth Annual General Meeting
and till the conclusion of the 22 Annual General Meeting to be held in the year 2022 subject to the approval of shareholder at the ensuring Annual
General meeting and ratification by Shareholders at the subsequent Annual General Meetings. Shareholders may appoint the auditors & fix their
remuneration. The Company has received their written consent and a certificate that they satisfy the criteria provided under section 141 of the
Companies Act 2013 and that the appointment, if made, shall be in accordance with the applicable provisions of the Act and rules made
thereunder.
The present auditors M/s S. B. Billimoria & Co. have not reported any fraud in terms of sub-section (12) of section 143 of the Companies Act,
2013 in their Audit report.
The Board place on record its appreciation for the services rendered by M/s S. B. Billimoria & Co. as Statutory Auditors of the Company.
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings & Outgo
Details of conservation of energy, Technology Absorption and Foreign Exchange Earnings & outgo in the prescribed form under section 134(m)
of the Companies Act, 2013 is given in Annexure II.
Related Party Transactions
Particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the form AOC-2 prescribed under
Companies (Accounts) Rules, 2014 is provided in Annexure III.
Extracts of Annual Return
An extract of Annual Return in Form No. MGT 9 as prescribed under section 92(3) of the Companies Act, 2013 is provided in the Annexure IV.
Other Disclosures
The Company has not accepted or renewed any fixed deposits during the year and there was no fixed deposit remained unclaimed or unpaid
during the year.
There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company s
operations in future.
During the year no company has become or ceased to be subsidiaries, joint ventures or associate companies of the Company.
There are no material changes and commitments, affecting the financial position of the company which have occurred between the end of the
financial year of the company to which the financial statements relate and the date of the report.
The Company has not given any loans, guarantees or made any investments under section 186 of the Companies Act, 2013 during the year
2016-17.
Staff and Industrial Relations
The relations with the employees of the Company during the year remained cordial. Inspite of pending Chatter of Demands for Wage Revision at
Mangolpuri Unit and upcoming Charter of Demands at Patparganj Unit, the Company is able to maintain harmonious Industrial Relations. The
sustaining mutual trust and understanding with the employees enable the Company to implement various people policies.
Kaizen movement in the manufacturing sector brought national level recognitions.
The Milk Manufacturing Group won 17 Gold, 2 Silver & 3 Bronze Awards from Quality Circle Forum of India (QCFI) and 7 Par-Excellence & 4
Excellence Awards at the 30 National Convention on Quality Concepts (NCQC). Horticulture Business also got 1 Par Excellence & 1 Excellence
Awards at NCQC.
Six-sigma initiative has been institutionalised. Till date, there are 40 Projects completed out of which, 22 Projects brought a Cost Savings of Rs.
3.94 Crores and whereas 18 Projects worked on various non-financial metric improvement in operations. It has immensely helped the Company in
building a culture of data based decision making and also as a differentiator from other organisation.
Performance Management System (PMS) has been revisited. Concept of Pay for Performance has been brought into the system by which, high
performers are differentially rewarded so as to inculcate the performance oriented culture.
Disclosure in terms of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal), Act 2013
The Company takes all necessary measures to ensure harassment free workplace and has instituted an Internal Complaints Committee for
redressal of Complaints and to prevent sexual harassment. During the year the Company has not received any complaints relating to sexual
harassment.
Acknowledgement
The Board is grateful to the National Dairy Development Board, Banks, State-Cooperative Dairy Federations, Consumers, Trade partners and
Employees who have been extending their co-operation and patronage to the Company. The Board also appreciates the support and cooperation
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extended by the Auditors.
For and on behalf of the Board
Dilip Rath
Chairman
Date: 13 June 2017
Place: New Delhi
Annexure I
Annual Report on CSR Activities as per rule 8 of Companies (Corporate Social Responsibility) Rules, 2014:
The Focus Areas of CSR Activities are:
1. Poverty alleviation, Women empowerment,

Prevention of malnutrition with appropriate
supplements
2. Ensuring environmental sustainability and

conservation of natural resources, with specific
emphasis on water.
A brief outline of the Company s CSR Policy, including over view of 3. Contribution to the society NDDB Foundation for
1. projects or programs proposed to be undertaken and a reference to Nutrition.
the web link to the CSR Policy and projects or Programs:
4. Contributing to Prime Minister s National Relief
Fund or any other fund set up by the central
government for socio-economic development, if
needed.
5. Any other activity specified in schedule VII to the

Companies Act, 2013
The CSR policy is available at the web site of the

Company (www.motherdairy.com)
Shri Dilip Rath, Chairman
2. The Composition of CSR Committee as on 31.3.2017: Shri V. Balaraman, Member
Shri S. Nagarajan, Member
3. Average net profit of the Company for last three financial years: Rs. 10148 Lakh
4. Prescribed CSR expenditure: Rs. 202.97 Lakh
5. Details of CSR spent during the financial year
Rs. 222.32 Lakh (including Rs. 19.35 Lakh carried

5.a Total amount to be spent for the financial year
forward from previous year 2015-16)
5.b Amount unspent, if any Rs. 16.42 Lakh
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5.c Manner in which the amount spent during the financial year is detailed below:
Project or
programs (1) Amount spent on Amount
Local area or Amount the project or spent direct
Cumulative
Sector in other (2) Outlay programs (1) or through
expenditure
S CSR Project or Activity which the specify the (budget) Direct implementing
upto the
I identified project is state and project or expenditure on agency
reporting
covered district where programs project or
period
project or wise programs (2) & details of
program was overheads the agency
undertaken
Value Value Rs.

Value Rs. Lac
Rs. Lac Lac
Building repair, sports

Chijarsi and
facilities, provisions of study
materials, Toilet up gradation, Promoting
A Lakhan 5.09 5.09 5.09 Direct Spent
providing Benches, classroom education
Pilkhuwa,
painting & whitewash at
Uttar Pradesh
primary schools
Civil upgradation work

including Toilet up-Gradation Pramilabai
work, Boundary wall fencing Chauhan
Promoting
B with concertina coil with MS Badhir 4.45 4.45 4.45 Direct Spent
Education
grill work, Building Painting & Vidyalya,
Delhi
Maintenance work.
Furniture, Civil & Utility

recreational Primary
Schools at
activities, student welfare,
Promoting
C Infrastructure improvement Mangolpuri, 44.33 32.33 32.33 Direct Spent
Education
including civil Nangloi &
Avantika,
work, upgradation of Toilets Delhi
etc.
4 schools
Construction/maintenance of Promoting In Raibareily,

D 43.93 39.93 39.93 Direct Spent
toilets in village schools. Education Sultanpur,
Muzaffarnagar
(U.P)
6 schools in
the areas of
Raibareily,
Bulandshahr
Promoting
E Up-keeping and Maintenance 14.34 13.92 13.92 Direct Spent
Education
26
&
Muzaffarnagar
(U.P)
30 Villages in Through
Medical Health Camps in Preventive Milk NGO,
F 8.95 8.95 8.95
Villages Health care procurement Medihelp
Areas in U.P. Foundation
Donation to
Promoting
NDDB
G Gift Milk Research Study Health 21.23 21.23 21.23
Foundation
Care
for Nutrition
Eradication of malnutrition by Eradication

Contribution
providing milk and milk of hunger, Identified
to NDDB
H products to the poverty urban/rural 80.00 80.00 80.00
Foundation
underprivileged sections of the and poor areas
for Nutrition
society malnutrition
Total Amount spent 222.32 205.90
In case the Company has failed to During the year the company spent an amount of Rs. 205.90 Lakh in various
spend the two percent of the average projects as above. However, an amount of Rs. 16.42 Lakh shall be carried
net profit of the last three years or any forward and will be spent along with the CSR funds of the year 2017-18 as some
6.
part thereof, the Company shall of the CSR projects are nearing completion and are at the final stage. Therefore,
provide the reason for not spending the the projects will be completed in the first quarter of FY 2017-18 and the payment
amount in its report: will be in FY 2017-18.
A responsibility statement of the CSR

Committee that the implementation and
The implementation and monitoring of CSR policy is in compliance with CSR
7. monitoring of CSR Policy, is in
objectives and policy of the Company.
compliance with CSR objectives and
policy of the Company:
S. Nagarajan Dilip Rath
Managing Director Chairman-CSR Committee
Annexure II
Details of conservation of energy, technology absorption, foreign exchange earnings and Outgo as prescribed under the Companies (Accounts)
Rules, 2014:
(A) Conservation of energy
Adopting new technologies
Solar Projects - Installed and commissioned 800 KW Photo Voltaic Projects pan lndia (500 KW at Balaji, 100 KW each at Patparganj, Pilkuwa
and Etawah.
(i) Generated 10.01 lakh units of electricity in year 2016-17. Operational efficiency in terms of Electricity consumed per KL of milk handled
improved by 7.50%.
27
(ii) Achieved savings in CO2 emissions by 801 Tonnes.
(iii) Achieved savings of Rs. 78.03 Lacs.
Company has installed Concentrated Solar Technology (CST) Project at Patparganj with Capacity 3.0 MW power, commissioned in the month of
October 2016 to cater to hot water requirement in Process and Canteen. It would reduce the consumption of PNG by approximately 69000 scm
per annum.
(B) Water Conservation
Additional 3 Rain Water harvesting pits of 100 cu. M each at Patparganj to take the total capacity to 1060 cu. m. across the country.
Initiatives like condensate recovery, water conservation measures have resulted in 9% reduction in water consumed per KL milk handled.
Furthermore, Treated water recycling projects are under progress at Patparganj & Pilkuwa which will further reduce water consumption and
strengthen our sustainability drive
(C) Foreign exchange earnings and Outgo
(i) The Foreign exchange earned in terms of actual inflow during the year is of Rs. 5540 Lakhs.
(ii) The Foreign exchange outgo during the year in terms of actual outflows of Rs. 432 Lakhs towards material and Rs. 226 Lakhs on overheads
Expenditure on R&D
Capital Expenditure Rs. 252 Lacs
Revenue Expenditure Rs. 569 Lacs
Total Expenditure Rs. 821 Lacs
Total expenditure as % of turnover 0.10%
Description of state of companies affair

In 2016-17, Company achieved a turnover of Rs. 7918 crores registering an overall growth of 10%; profit before tax however decreased from
Rs.233 crores in 2015-16 to Rs.150 crores in 2016-17 largely due to hardening in milk prices in flush season. During the year, all our businesses
delivered growth led by DHARA edible oils which grew at 24% followed by Mother Dairy Value Added Dairy Products (VADP) at 18%. We are
happy to share that in our Milk business we have reversed the trend of the past and delivered a growth of 7% during 16-17. Horticulture business
delivered 8% growth during the year.
Disclosures relating to amount recommended to be paid as dividend

In view of the profits earned by the Company, your Directors are pleased to recommend a dividend of Rs. 0.80 per share for the financial year
2016-17, for the consideration of shareholders at the ensuing Annual General Meeting of the Company.
Disclosures in director’s responsibility statement

In accordance with section 134(5) of the Companies Act, 2013 the Board of Directors of the company states that: In the preparation of annual
accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; the directors had
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;
the directors had 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; the directors had prepared the
annual accounts on a going concern basis; directors had devised proper systems to ensure compliance with the provisions of all applicable laws
and that such systems were adequate and operating effectively.
28
Details of material changes and commitment occurred during period affecting financial position of company
There are no material changes and commitments, affecting the financial position of the company which have occurred between the end of the
financial year of the company to which the financial statements relate and the date of the report.
29
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Annexure III
Related Party Transactions
Form No. AOC-2
Nature of Duration of Amount (Rs. In

Name of the Related party Salient Terms
Relationship Contract Crore)
Nature of Contract
Interest on borrowing
National Dairy Development Board

Holding Not Applicable 0.65
(NDDB)
Rent paid
NDDB Holding Apr 16 - Mar 17 Services 10.78
Reimbursement of expense by
NDDB Holding Ongoing Services 1.21
Purchases
Based on transfer
IDMC Ltd. Fellow Subsidiary Ongoing 18.37
pricing
Based on transfer
Indian Immunologicals Limited (IIL) Fellow Subsidiary Ongoing 0.09
pricing
Other Expenses reimbursed to
NDDB Holding Ongoing Services 1.71
30
IDMC Ltd. Fellow Subsidiary Ongoing Services 1.37
NDDB-Dairy Services Fellow Subsidiary Ongoing Services 0.47
Loans repaid
NDDB Holding Apr 16 - 17 Based on agreement 33.64
Dividend
NDDB Holding 2016-17 25.00
Purchase of Assets
Based on transfer
NDDB Holding One time 0.45
pricing
Based on transfer
IDMC Ltd. Fellow Subsidiary Ongoing 8.86
pricing
31
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure IV
Form No. MGT-9
Extract of Annual Return
As on the financial year ended on 31 March, 2017
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS:
i) CIN: U15209DL2000PTC104671
ii) Registration Date: 24.03.2000
iii) Name of the Company: Mother Dairy Fruit& Vegetable Private Limited
iv) Category/Sub-Category of the Company: Company Limited by Shares /Indian Non-Government Company
v) Address of the Registered office and contact details: Mother Dairy, Patparganj, Delhi 110092 Tel. 011-22471991
vi) Whether listed company: No
vii) Name, Address and Contact details of Registrar and Transfer Agent, if any: Not Applicable
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated:
SI. Name and Description of main products / NIC Code of the Product/ % to total turnover of the
No. services service company
1 Milk & Milk Products 105 78%
2 Edible Oil 104 14%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
S.N. Name and Address Of The Company CIN/GLN Holding/Subsidiary/Associate % of shares held Applicable Section
National Dairy Development Board

1. N.A. Holding Company 100 2(46)
Anand, Gujarat 388001
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity)
32
(i) Category wise Share Holding
at the at the % Change

Category of Shareholders No. of Shares held beginning of No. of Shares held end of during the
the year the year year
Physical (all shares Physical (all shares % of

% of Total
are in physical form) are in physical form) Total
Shares
Total Total Shares
A. Promoters
1. Indian
(a) Individual*/ HUF 6 0 6 0 0
(b) Central Govt Nil Nil Nil Nil Nil
(c) State Govt(s) Nil Nil Nil Nil Nil
(d) Bodies Corp. 250000064 100 250000064 100 0
(e) Banks/FI
(f) Any Other
Sub-total (A) (1):- 250000070 100 250000070 100 0
(2) Foreign
(a) NRIs - Individuals
(b) Other - Individuals
(c) Bodies Corp.
(d) Banks / FI
33
(e) Any Other
Sub-total (A) (2):- Nil Nil Nil Nil Nil
Total shareholding of Promoter (A) =

250000070 100 250000070 100 0
(A)(1)+(A)( 2)
B. Public Shareholding
1. Institutions
(a) Mutual Funds
(b) Banks/FI
(c) Central Govt
(d) State Govt(s)
(e) Venture Capital Funds
(f) Insurance Companies
(g) FIIs
(h) Foreign Venture Capital Funds
(i) Others (specify)
Sub-total (B)(1):- Nil Nil Nil Nil Nil
2. Non Institutions
a) Bodies Corp.
i) Indian & ii) Overseas
b) Individuals
34
i) Individual shareholders holding

Nil Nil Nil Nil Nil
nominal share capital upto Rs. 1 lakh
ii) Individual shareholders holding

nominal share capital in excess of Rs Nil Nil Nil Nil Nil
1 lakh
c) Others (specify)
Sub-total (B)(2):- Nil Nil Nil Nil Nil
Total Public Shareholding (B)=(B)(1)+

Nil Nil Nil Nil Nil
(B)(2)
C. Shares held by Custodian for

Nil Nil Nil Nil Nil
GDRs & ADRs
Grand total (A+B+C) 250000070 100 250000070 100 0
*hold shares as nominees of National Dairy Development Board.
(ii) Shareholding of Promoters
% change in
Shareholders Beginning of End of the shareholding
S.N. Shareholding At the Shareholding At the
Name the year year during the
year
% of Shares % of % of Shares
% of Total
pledged Total pledged/
No. of Shares of No. of
/encumbered Shares of encumbered
Shares the Shares
to Total the to Total
Company
Shares Company Shares
National Dairy
1 Development 250000064 100% Nil 250000064 100% Nil Nil
Board
Shri T. Nanda
2 1 0 0 0 0 0 0
Kumar*
Shri Dilip
3 1 0 0 2 0 0 0
Rath*
35
Shri
Sangramsinh
4 1 0 0 1 0 0 0
R.
Chaudhary*
Shri Y. Y.
5 1 0 0 1 0 0 0
Patil*
Shri S.
6 1 0 0 1 0 0 0
Nagarajan*
Shri Meghnad
7 1 0 0 1 0 0 0
Mitra*
* Nominees of National Dairy Development Board
(iii) Change in Promoters Shareholding (please specify, if there is no change):
SI. Shareholding Beginning of Cumulative During the

No. at the the Year Shareholding Year
% of Total
% of Total
No. of No. of Shares of
Shares of the
Shares Shares the
Company
Company
At the beginning of the year 250000070 100 250000070 100
Date wise Increase / Decrease in Promoters Shareholding

during the year specifying the reasons for increase / Nil Nil Nil Nil
decrease
At the End of the year 250000070 100 250000070 100
No increase or decrease in the Promoters shareholding during the year.
(iv) Shareholding Pattern of top ten Shareholders (Other than Directors, Promoters and Holders of GDRs and ADRs):
At the Beginning Cumulative

S.N. Shareholding During the Year
of the year Shareholding
No. of % of Total Shares No. of % of Total Shares

For each of the Top 10 shareholders
Shares of the Company Shares of the Company
Shri Yuvraj Y. Patil (Nominee shareholder of
36
1. National Dairy Development Board)
Date wise Increase / Decrease in Shareholding

Nil Nil Nil Nil
during the year
(v) Shareholding of Directors
At the Beginning of the Cumulative

S.N. Shareholding During the Year
year Shareholding
For each of the Directors and No. of % of Total Shares of the % of Total Shares of the
No. of Shares
KMP Shares Company Company
1. Shri T. Nanda Kumar
Disposal (Transfer on
(1) 0 0 0
23.9.2016)
2. Shri Dilip Rath
Acquisition (Transfer on
1 0 2 0
23.9.2016)
Shri Sangramsinh R.
3. 1 0 1 0
Chaudhary*
37
4. Shri Meghnad Mitra* 1 0 1 0
Shri S. Nagarajan*
5. 1 0 1 0
(Managing Director)
All the above directors are holding shares as nominees of National Dairy Development Board
*No change in the shareholding during the year.
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Rs. in Crore
Secured Loans excluding Unsecured Total

Deposits
Deposits Loans Indebtedness
Indebtedness at the beginning of the financial

year
372.64 3.38 Nil 376.02
(i) Principal Amount
(ii) Interest due but not paid -0.83 - - -0.83
(iii) Interest accrued but not due - - - -
Total (i+ii+iii) 371.81 3.38 - 375.19
Change in Indebtedness during the financial

year
Addition 34.93 623.53 - 658.46
Reduction -327.14 -362.28 - -689.42
Net Change -292.21 261.25 - -30.96
Indebtedness at the end of the financial year

79.60 264.63 - 344.63
(i)Principal Amount
(ii) Interest due on 31/3/17 - 1.62 - 1.62
38
(iii) Interest accrued but not due - - -
Total (i + ii+ iii) 79.60 266.25 - 345.85
VI. REMUNERATION OF DIRECTORS
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Amt. in Rs.
Shri Saugata Mitra, Shri Meghnad Mitra,

Shri S. Nagarajan, Total
S.N. Particulars of Remuneration Whole Time Whole Time
Managing Director Amount
Director* Director*
Gross salary
(a) Salary as per provisions contained in
1 1,09,84,064 1,91,486 1,91,373 1,13,66,923
section 17(1) of the Income tax Act,
1961
(b) Value of perquisites u/s 17(2)

4,09,666 24,123 23,385 4,57,174
Income tax Act, 1961
(c) Profits in lieu of salary u/s 17(3)

Income tax Act, 1961
2 Stock Option Nil
3 Sweat Equity Nil
Commission
4 Nil
(as % of profit or otherwise)
5 Others, please specify Nil
Others (A) Nil
Ceiling as per the Act Nil
Total 1,13,93,730 2,15,609 2,14,758 1,18,24,097
39
*for the period from 22 March, 2017 to 31 March, 2017
B. Remuneration to other directors:
Amt. in Rs.
S.N. Particulars of Remuneration Name of Directors Name of Directors Total Amount
1 Independent Directors Shri V. Balaraman Shri S.K. Mishra
a. Fee for attending board / committee meetings 2,00,000 2,40,000 4,40,000
b. Commission Nil Nil Nil
c. Others, please specify Nil Nil Nil
Other Non-Executive Director No remuneration paid to other Non-Executive Directors
Total Managerial Remuneration 1,22,64,097
Overall Ceiling as per the Act Not Applicable Not Applicable Not Applicable
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
Details of
Authority
Penalty/Punishment/
Section of the Brief (RD/NCLT/ Appeal made if any
Type
Companies Act description (given details)
Compounding fees
Court)
imposed
A. Company
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil
B. Directors
40
C. Other Officers in
Default
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management Policy
41
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responsibility Policy
The Company has undertaken Corporate Social Responsibility (CSR) activities in accordance with its CSR Policy.
The Annual Report on CSR activities in the format prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014 are
provided in the Annexure I. During the year, an amount of Rs. 16.42 Lakh remained unspent, as some of the CSR projects were nearing the
completion stage and the amount shall be spent in the 1 quarter of next financial year, was carried forward to the FY 2017-18.
The Composition of CSR Committee as on 31 March 2017 was as under:
1. Shri Dilip Rath - Chairman
2. Shri Venkataratnam Balaraman, Independent Director - Member
42
Disclosure of financial summary or highlights [Text Block]

Financial performance [Summarized Profit and Loss Account]
Value-Rs. Crore
Particulars 2016-17 2015-16
Net Sales 7,890 7,166
Other Income 28 20
Total 7,918 7,186
Operating Expenses 7,671 6,817
PBDIT 247 369
Depreciation 82 81
PBIT 165 288
Interest (net) 15 55
PBT 150 233
Provision for taxation 45 74
Net Profit 105 159
Dividend 25
Tax on Dividend 5
Balance (Loss)/Profit Transferred to Reserves and Surplus 105 129
43
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Board of Directors
During the year Shri T. Nanda Kumar resigned as Chairman of the Company w.e.f. 28 July 2016 consequent up on his resignation from the post
of Chairman of National Dairy Development Board. The Board of Directors at its meeting held on 21 December 2016 appointed Shri Dilip Rath
as the Chairman of the Company.
During the year Shri Deepak Tikku was appointed as Additional Director by the Board at its meeting held on 22 March 2017. The Board of
Directors also appointed Shri Saugata Mitra and Shri Meghnad Mitra as Additional Directors and Whole Time Directors of the Company at its
meeting held on 22 March 2017. The Additional Directors S/Shri Deepak Tikku, Saugata Mitra and Meghnad Mitra hold Office up to the date of
ensuing Annual General Meeting of the Company and they are proposed to be appointed at the ensuing Annual General Meeting of the Company.
Shri S. Nagarajan, Managing Director has resigned and the Board accepted his resignation with effect from 30 June 2017. The Board paced on
records its appreciation of the services rendered by Shri Nagarajan as Managing Director since 13 May 2010.
The Board at its meeting held on 13 June 2017 appointed Shri Sanjeev Khanna as additional director to hold office from 13 June 2017 up to the
date of ensuing Annual General Meeting. Shri Sanjeev Khanna is proposed to be appointed as Director at the ensuing Annual General Meeting.
The Board also appointed Shri Sanjeev Khanna as the Managing Director with effect from 1 July 2017.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Disclosure of other reasons if company fails to spend prescribed amount on CSR

During the year the company spent an amount of Rs. 205.90 Lakh in various projects as above. However, an amount of Rs. 16.42 Lakh shall be
carried forward and will be spent along with the CSR funds of the year 2017-18 as some of the CSR projects are nearing completion and are at the
final stage. Therefore, the projects will be completed in the first quarter of FY 2017-18 and the payment will be in FY 2017-18.
44
Disclosure of composition of audit committee and non-acceptance of any recommendation of audit committee along
with reasons [Text Block]
Audit Committee
The Company has constituted an Audit Committee and composition of Audit Committee was as under:
1. Shri Venkataratnam Balaraman, Independent Director- Chairman
2. Shri Sushil Kumar Mishra, Independent Director - Member
Shri Deepak Tikku, Non-Executive Director became a member of Audit Committee after his appointment was approved by the Board at its
meeting held on 22 March 2017. No Audit Committee meeting was held during the year after his appointment. The Audit Committee met four
times during the year 2016-17 and all recommendations of the Audit Committee were accepted by the Board.
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] _Auditor_88
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
S.B. BILLIMORIA
Name of audit firm & CO.
Name of auditor signing report Jitendra Agarwal
Firms registration number of audit firm 101496W
Membership number of auditor 087104
7th Floor, Building
10, Tower B, DLF
Cyber City
Address of auditors Complex, DLF City,
Phase-II,
Gurgaon-122002
Permanent account number of auditor or auditor's firm AAAFS7376P
SRN of form ADT-1 G14792824
Date of signing audit report by auditors 13/06/2017
Date of signing of balance sheet by auditors 13/06/2017
45
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (15) [See below]
The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of the
fixed assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (16) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (17) [See below]
As explained to us,
the inventories were
physically verified
during the year by
the management at
Disclosure in auditors report relating to inventories reasonable intervals
and no material
discrepancies were
noticed on physical
verification.
The Company has
not granted any
loans, made
investments or
Disclosure in auditors report relating to loans provided guarantees
and hence reporting
under clause (iv) of
the CARO 2016 is
not applicable.
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (18) [See below]
The Company has
not granted any
loans, made
investments or
Disclosure in auditors report relating to compliance with Section 185 and 186 of
provided guarantees
Companies Act, 2013 and hence reporting
under clause (iv) of
the CARO 2016 is
not applicable.
According to the
information and
explanations given
to us, the Company
has not accepted any
Disclosure in auditors report relating to deposits accepted deposits from the
public, and hence
reporting under
clause (v) of the
CARO 2016 is not
applicable.
Textual information
Disclosure in auditors report relating to maintenance of cost records (19) [See below]
Disclosure in auditors report relating to statutory dues [TextBlock] Refer Text Block
Disclosure relating to regularity in payment of undisputed statutory dues
Refer Text Block
[TextBlock]
Disclosure relating to disputed statutory dues [TextBlock] Refer Text Block
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (20) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (21) [See below]
46
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (22) [See below]
The Company is a
private company and
hence the provisions
Disclosure in auditors report relating to managerial remuneration of section 197 of the
Companies Act,
2013 do not apply to
the Company.
The Company is not
a Nidhi Company
and hence reporting
Disclosure in auditors report relating to Nidhi Company under clause (xii) of
the CARO 2016
Order is not
applicable.
Textual information
Disclosure in auditors report relating to transactions with related parties (23) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (24) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (25) [See below]
The Company is not
required to be
Disclosure in auditors report relating to registration under section 45-IA of registered under
Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.

01/04/2016
to
31/03/2017
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

In respect of its fixed assets : a. The Company has maintained proper records showing full particulars, including quantitative details and situation
of the fixed assets. b. The fixed assets were physically verified during the year by the Management in accordance with a regular programme of
verification which, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information
and explanation given to us, no material discrepancies were noticed on such verification. c. According to the information and explanations given
to us and the records examined by us and based on the examination of the registered sale deed / conveyance deed provided to us, we report that,
the title deeds, comprising all the immovable properties of land which are freehold, are held in the name of the Company as at the balance sheet
date. In respect of immovable properties of land and buildings that have been taken on lease and disclosed as fixed asset in the financial
statements, the lease agreements are in the name of the Company, where the Company is the lessee in the agreement.
Disclosure relating to physical verification and material discrepancies of fixed assets

The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, in
our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation given
to us, no material discrepancies were noticed on such verification.
Disclosure relating to title deeds of immovable properties

According to the information and explanations given to us and the records examined by us and based on the examination of the registered sale
deed / conveyance deed provided to us, we report that, the title deeds, comprising all the immovable properties of land which are freehold, are
held in the name of the Company as at the balance sheet date. In respect of immovable properties of land and buildings that have been taken on
lease and disclosed as fixed asset in the financial statements, the lease agreements are in the name of the Company, where the Company is the
lessee in the agreement.
47
Disclosure about loans granted to parties covered under section 189 of companies act
The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in the
register maintained under section 189 of the Companies Act, 2013.
Disclosure in auditors report relating to maintenance of cost records

The maintenance of cost records has been specified by the Central Government under section 148(1) of the Companies Act, 2013 in respect of
manufacture of milk powder and edible oil. We have broadly reviewed the cost records maintained by the Company pursuant to the Companies
(Cost Records and Audit) Rules, 2014, as amended prescribed by the Central Government under sub-section (1) of Section 148 of the Companies
Act, 2013, and are of the opinion that, prima facie, the prescribed cost records have been made and maintained We have, however, not made a
detailed examination of the cost records with a view to determine whether they are accurate or complete.
Disclosure in auditors report relating to default in repayment of financial dues

In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or
borrowings to banks, financial institutions and government. The Company has not issued any debentures.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments). In our opinion term loans
have been applied by the Company during the year for the purposes for which they were raised.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud on
the Company by its officers or employees has been noticed or reported during the year.
Disclosure in auditors report relating to transactions with related parties

In our opinion and according to the information and explanations given to us the Company is in compliance with Section 177 and 188 of the
Companies Act, 2013, where applicable, for all transactions with the related parties and the details of related party transactions have been
disclosed in the financial statements etc. as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
During the year the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures and
hence reporting under clause (xiv) of CARO 2016 is not applicable to the Company.
48
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash
transactions with its directors or persons connected with him and hence provisions of section 192 of the Companies Act, 2013 are not applicable.
49
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF
MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
Report on the Financial Statements
We have audited the accompanying financial statements of MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED (the Company),
which comprise the Balance Sheet as at 31 March, 2017, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a
summary of the significant accounting policies and other explanatory information.
Managements Responsibility for the Financial Statements
The Company s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (the Act) with respect to the
preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards prescribed under Section
133 of the Act, as applicable.
This responsibility also includes 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 frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation
and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the
audit report under the provisions of the Act and the Rules made there under and the Order under section 143 (11) of the Act.
We conducted our audit of the financial statements in accordance with the Standards on Auditing specified Under Section 143(10) of the Act.
Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company s
preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by
the Company s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at 31 March, 2017, and its profit and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143 (3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.
c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of
50
account.
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards prescribed under section 133 of the Act, as applicable.
e) On the basis of the written representations received from the directors as on 31 March, 2017 taken on record by the Board of Directors, none of
the directors is disqualified as on 31 March, 2017 from being appointed as a director in terms of Section 164 (2) of the Act.
f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such
controls, refer to our separate Report in Annexure A. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of
the Company s internal financial controls over financial reporting.
g) With respect to the other matters to be included in the Auditor s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements - Refer note 30 to the financial
statements.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
iv. The Company has provided requisite disclosures in the financial statements as regards its holding and dealings in Specified Bank Notes as
defined in the Notification S.O. 3407(E) dated the 8 November, 2016 of the Ministry of Finance, during the period from 8 November 2016 to 30
December 2016; and such disclosures are in accordance with the books of accounts maintained by the Company. However, as stated in Note 48 to
the financial statements amount aggregating to Rs. 10,358,500 as represented to us by the Management have been received in Specified Bank
Notes which are not permitted.
2. As required by the Companies (Auditor s Report) Order, 2016 (the Order/CARO 2016) issued by the Central Government in terms of Section
143(11) of the Act, we give in Annexure B a statement on the matters specified in paragraphs 3 and 4 of the Order.
ANNEXURE A TO THE INDEPENDENT AUDITOR S REPORT
(Referred to in paragraph 3(f) under Report on Other Legal and Regulatory Requirements of our report of even date)
Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013
(the Act)
We have audited the internal financial controls over financial reporting of MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED
(the Company) as of 31 March, 2017 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management s Responsibility for Internal Financial Controls
The Company s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. These responsibilities include the
design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and
efficient conduct of its business, including adherence to company s policies, the safeguarding of its assets, the prevention and detection of frauds
and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required
under the Companies Act, 2013.
Auditor s Responsibility
Our responsibility is to express an opinion on the Company s internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the Guidance Note) issued by
the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under Section 143(10) of the Companies Act, 2013, to
the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial
reporting was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor s judgement, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company s
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls Over Financial Reporting
A company s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
51
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company s assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate
internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively
as at 31 March, 2017, based on the internal control over financial reporting criteria established by the Company considering the essential
components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India.
ANNEXURE B TO THE INDEPENDENT AUDITORS' REPORT
(Referred to in paragraph 2 under Reports on Other Legal and Regulatory Requirements section of our report of even date)
(i) In respect of its fixed assets :
a. The Company has maintained proper records showing full particulars, including quantitative details and situation of the fixed assets.
b. The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, in
our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation given
to us, no material discrepancies were noticed on such verification.
c. According to the information and explanations given to us and the records examined by us and based on the examination of the registered sale
deed / conveyance deed provided to us, we report that, the title deeds, comprising all the immovable properties of land which are freehold, are
held in the name of the Company as at the balance sheet date. In respect of immovable properties of land and buildings that have been taken on
lease and disclosed as fixed asset in the financial statements, the lease agreements are in the name of the Company, where the Company is the
lessee in the agreement.
(ii) As explained to us, the inventories were physically verified during the year by the management at reasonable intervals and no material
discrepancies were noticed on physical verification.
(iii) The Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties covered in
the register maintained under section 189 of the Companies Act, 2013.
(iv) The Company has not granted any loans, made investments or provided guarantees and hence reporting under clause (iv) of the CARO 2016
is not applicable.
(v) According to the information and explanations given to us, the Company has not accepted any deposits from the public, and hence reporting
under clause (v) of the CARO 2016 is not applicable.
(vi) The maintenance of cost records has been specified by the Central Government under section 148(1) of the Companies Act, 2013 in respect
of manufacture of milk powder and edible oil. We have broadly reviewed the cost records maintained by the Company pursuant to the Companies
(Cost Records and Audit) Rules, 2014, as amended prescribed by the Central Government under sub-section (1) of Section 148 of the Companies
Act, 2013, and are of the opinion that, prima facie, the prescribed cost records have been made and maintained We have, however, not made a
detailed examination of the cost records with a view to determine whether they are accurate or complete.
(vii) According to the information and explanations given to us, in respect of statutory dues:
a. The Company has generally been regular in depositing undisputed statutory dues including Provident Fund, Employee s State Insurance,
Income Tax, Sales Tax, Service Tax, Value Added Tax, Customs Duty, Excise Duty, Cess and other material statutory dues applicable to it with
the appropriate authorities.
b. There are no undisputed amounts payable in respect of Provident Fund, Employee s State Insurance, Income Tax, Sales Tax, Value Added Tax,
Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues in arrears as at 31 March, 2017 for a period of more than six
months from the date they became payable.
c. Details of dues of Income-tax, Sales Tax and Excise Duty, which have not been deposited as on 31 March, 2017 on account of disputes are
52
given below:
(Amount in Rs. /Crore)
Amount Amount
Nature of Period to which the
Name of Statute Forum where Dispute is pending Involved Unpaid
Dues amount relates
(Rs.) (Rs.)
Central Sales Tax Sales Deputy Commissioner of Commercial

2002-03 0.03 0.03
Act, 1956 Tax Tax, Kolkata
Value
West Bengal VAT
Added Assistant Commissioner (Sales Tax) 2005-06 0.0025 0.0025
Act, 2003
Tax
J&K General Sales Sales Assessing Officer, Commercial Tax Circle

2004-05 0.06 0.06
Tax Act, 1962 Tax P, Jammu
Value
Assistant Commissioner (Commercial
VAT Act Added 2014-15 1.26 1.26
Tax), Jaipur-I, Govt. of Rajasthan
Tax
Income Tax Act, Income

Income Tax Appellate Tribunal 2006-07 0.18 0.18
1961 Tax

1961 Tax

CIT (Appeals) 2004-05 1.15 1.15
1961 Tax

1961 Tax

1961 Tax

CIT (Appeals) 2002-03 1.02 1.02
1961 Tax

Income Tax Appellate Tribunal 2009-10 1.02 -
1961 Tax
Excise November 2007 to
53
Central Excise Act Duty Appellate Tribunal September 2012 0.73 0.73
Excise October 2012 to

Central Excise Act Appellate Tribunal 0.50 0.50
Duty September 2014
There are no dues of Service Tax and Customs Duty as on 31 March 2017 on account of disputes.
(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or
borrowings to banks, financial institutions and government. The Company has not issued any debentures.
(ix) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments). In our opinion term
loans have been applied by the Company during the year for the purposes for which they were raised.
(x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud
on the Company by its officers or employees has been noticed or reported during the year.
(xi) The Company is a private company and hence the provisions of section 197 of the Companies Act, 2013 do not apply to the Company.
(xii) The Company is not a Nidhi Company and hence reporting under clause (xii) of the CARO 2016 Order is not applicable.
(xiii) In our opinion and according to the information and explanations given to us the Company is in compliance with Section 177 and 188 of the
Companies Act, 2013, where applicable, for all transactions with the related parties and the details of related party transactions have been
disclosed in the financial statements etc. as required by the applicable accounting standards.
(xiv) During the year the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures and hence reporting under clause (xiv) of CARO 2016 is not applicable to the Company
(xv) In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash
transactions with its directors or persons connected with him and hence provisions of section 192 of the Companies Act, 2013 are not applicable.
(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
For S. B. Billimoria & Co.
Chartered Accountants
(Firm Registration No. 101496W)
(Jitendra Agarwal)
Partner
(Membership No. 87104)
Place: Jasper, Canada
Date: 13 June, 2017
[400500] Disclosures - Secretarial audit report

01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
54
[100100] Balance sheet

31/03/2017 31/03/2016 31/03/2015
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 250.00007 250.00007
Reserves and surplus 276.83993 171.60993
Money received against share warrants 0 0
Total shareholders' funds 526.84 421.61
Share application money pending allotment 0 0
Deferred government grants 1.11 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 20 24.02
Deferred tax liabilities (net) 8.63 6.7
Foreign currency monetary item translation difference liability
0 0
account
Other long-term liabilities 141.99 121.63
Long-term provisions 81.56 66.05
Total non-current liabilities 252.18 218.4
Current liabilities [Abstract]
Short-term borrowings 324.23 343.17
Trade payables 619.53 672.14
Other current liabilities 44.12 54.31
Short-term provisions 2.81 32.75
Total current liabilities 990.69 1,102.37
Total equity and liabilities 1,770.82 1,742.38
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 619.63 550.69 540.52
Intangible assets 4.15 2.71 2.16
Tangible assets capital work-in-progress 7.72 7.93
Intangible assets under development or work-in-progress 0 0
Total fixed assets 631.5 561.33 542.68
Non-current investments 1.8 1.8
Deferred tax assets (net) 0 0
Foreign currency monetary item translation difference asset account 0 0
Long-term loans and advances 37.3 46.85
Other non-current assets 0.46 0.65
Total non-current assets 671.06 610.63 542.68
Current assets [Abstract]
Current investments 0 0
Inventories 869.24 907.97
Trade receivables 107.77 104.22
Cash and bank balances 83.69 85.79 25.9
Short-term loans and advances 29.51 19.83
Other current assets 9.55 13.94
Total current assets 1,099.76 1,131.75 25.9
Total assets 1,770.82 1,742.38 568.58
55
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] _DirectorsSigningFinancialStatements_89 _DirectorsSigningFinancialStatements_90
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director DILIP NAGARAJAN
Last name of director RATH SIVARAMAKRISHNAN
Designation of director CHAIRMAN MANAGING DIRECTOR
Director identification number of director 05163623 03060429
Date of signing of financial statements by director 13/06/2017 13/06/2017

01/04/2016
to
31/03/2017
Name of company secretary LALIT PRABHAKAR
Permanent account number of company secretary AAIPP6091Q
Date of signing of financial statements by company secretary 13/06/2017
Name of chief financial officer MEGHNAD MITRA
Permanent account number of chief financial officer ADMPM0166G
Date of signing of financial statements by chief financial officer 13/06/2017
56
[100400] Cash flow statement, indirect

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 150.49 233.01
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 10.26 49.63
Adjustments for depreciation and amortisation expense 82.07 80.5
Adjustments for dividend income 0.06 0.13
Other adjustments for which cash effects are investing or
-10.14 -3.47
financing cash flow
Other adjustments for non-cash items 15.71 4.38
Total adjustments to profit (loss) 97.84 130.91
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 35.2 61.2
Adjustments for decrease (increase) in trade receivables -4.15 -4.81
Adjustments for decrease (increase) in other current assets -6.3 37.14
Adjustments for increase (decrease) in trade payables -52.05 366.03
Adjustments for increase (decrease) in other current liabilities 16.06 27.69
Total adjustments for working capital -11.24 487.25
Total adjustments for reconcile profit (loss) 86.6 618.16
Net cash flows from (used in) operations 237.09 851.17
Income taxes paid (refund) 30.3 67.19
Net cash flows from (used in) operating activities before extraordinary
206.79 783.98
items
Net cash flows from (used in) operating activities 206.79 783.98
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 6.47 0.63
Purchase of tangible assets 152.61 93.34
Dividends received 0.06 0.13
Interest received 7.3 6.26
Other inflows (outflows) of cash -0.37 -2.07
Proceeds from government grants 1.2 0
Net cash flows from (used in) investing activities before extraordinary
-137.95 -88.39
items
Net cash flows from (used in) investing activities -137.95 -88.39
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 20 744.12
Repayments of borrowings 52.58 1,371.18
Dividends paid 25 10
Interest paid 8.64 59.87
Other inflows (outflows) of cash -5.1 -2.04
Net cash flows from (used in) financing activities before extraordinary
-71.32 -698.97
items
Net cash flows from (used in) financing activities -71.32 -698.97
Net increase (decrease) in cash and cash equivalents before effect of
-2.48 -3.38
exchange rate changes
Net increase (decrease) in cash and cash equivalents -2.48 -3.38
Cash and cash equivalents cash flow statement at end of period 83.69 85.79 25.9
57
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Equity Share Equity Share
National Dairy National Dairy
Name of shareholder Development Board Development Board
and its nominees and its nominees
PAN of shareholder AABCN2029C AABCN2029C
Country of incorporation or residence of shareholder INDIA INDIA
[shares]
Number of shares held in company 25,00,00,070
[shares] 25,00,00,070
Percentage of shareholding in company 100.00% 100.00%
58
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
[shares]
Number of shares authorised [shares] 89,70,00,000 [shares] 89,70,00,000
89,70,00,000
Value of shares authorised 897 897 897
[shares]
Number of shares issued [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares issued 250.00007 250.00007 250.00007
[shares]
Number of shares subscribed and fully paid [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares subscribed and fully paid 250.00007 250.00007 250.00007
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares]
Total number of shares subscribed [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Total value of shares subscribed 250.00007 250.00007 250.00007
Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Value of shares called 250.00007 250.00007 250.00007
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 250.00007 250.00007 250.00007
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
59
Number of other issue of shares

arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
[shares] [shares]
Number of shares outstanding at end of period [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070 25,00,00,070
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0
Other decrease in amount of shares 0 0 0
Total decrease in share capital during
0 0 0
period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 250.00007 250.00007 250.00007
Rights preferences and restrictions attaching Textual information Textual information Textual information
to class of share capital (27) [See below] (28) [See below] (29) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares]
Shares in company held by holding company [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
60

Total shares in company held by holding company
[shares]
or ultimate holding company or by its [shares] 25,00,00,070 [shares] 25,00,00,070
25,00,00,070
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
61

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2015 01/04/2016 01/04/2015
to 31/03/2015 to to
31/03/2016 31/03/2017 31/03/2016
Type of share Equity Share Equity Share
[shares]
Number of shares authorised [shares] 89,70,00,000
89,70,00,000
[shares] 89,70,00,000
Value of shares authorised 897 897 897

[shares]
Number of shares issued [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
Value of shares issued 250.00007 250.00007 250.00007

[shares]
Number of shares subscribed and fully paid [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
Value of shares subscribed and fully paid 250.00007 250.00007 250.00007

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares]
Total number of shares subscribed [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
Total value of shares subscribed 250.00007 250.00007 250.00007

Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
Value of shares called 250.00007 250.00007 250.00007

Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 250.00007 250.00007 250.00007
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
62
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0

Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
[shares] [shares]
Number of shares outstanding at end of period [shares] 25,00,00,070
25,00,00,070 25,00,00,070
[shares] 25,00,00,070
Reconciliation of value of shares outstanding

[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0
Other decrease in amount of shares 0 0 0
Total decrease in share capital during
0 0 0
period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 250.00007 250.00007 250.00007 250.00007
Rights preferences and restrictions attaching Textual information (30) Textual information Textual information
to class of share capital [See below] (31) [See below] (32) [See below]
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
[shares]
Shares in company held by holding company [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
Shares in company held by ultimate holding

company
holding company
63

holding company
Total shares in company held by holding company
[shares]
or ultimate holding company or by its [shares] 25,00,00,070
25,00,00,070
[shares] 25,00,00,070
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Original paid-up value of forfeited shares 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0

Equity shares 1
Classes of share capital [Axis]
[Member]
31/03/2015
Reconciliation of number of shares outstanding [Abstract]
[shares]
Number of shares outstanding at end of period 25,00,00,070
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 250.00007

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
Rights preferences and restrictions attaching to class of share capital

The Company has issued one class of equity shares having face value of Rs. 10 each. Each shareholder is entitled to one vote per share. Dividend
proposed by the board of directors is subject to approval of the shareholders in Annual General Meeting. In the event of liquidation, the equity
shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their
shareholding.
64

shareholding.

shareholding.

shareholding.

shareholding.

shareholding.
65
Disclosure of notes on share capital explanatory [Text Block]

Aggregate number of shares allotted as fully paid-up pursuant to the scheme of amalgamation, without payment being received in cash for the
period of 5 years immediately preceding the balance sheet date:
As at 31 March, 2017 As at 31 March, 2016
No. of shares No. of shares
Equity shares of Rs. 10 each, fully paid-up 100,000,070 100,000,070
66
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Capital reserves
Components of reserves [Axis] Reserves [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 105.51 159.08 0
Other additions to reserves 0 0 0
Total additions to reserves 105.51 159.08 0
Deductions to reserves [Abstract]
Other deductions to reserves 0.28 0.83 0.28
Total deductions to reserves 0.28 0.83 0.28
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 25
Final preferred dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 25
Total dividend appropriation 0 25
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 0 5.1
Preferred dividend tax appropriation 0 0
Total dividend tax appropriation 0 5.1
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 30.1 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 105.23 128.15 -0.28
Reserves at end of period 276.83993 171.60993 43.45993 0.55
Venturer's share of post-acquisition reserves
0 0 0
of jointly controlled enterprise
67

Components of reserves [Axis] Capital reserves [Member] Surplus [Member]
01/04/2015 01/04/2016 01/04/2015
to 31/03/2015 to to
31/03/2016 31/03/2017 31/03/2016
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 0 105.51 159.08
Other additions to reserves 0 0 0
Total additions to reserves 0 105.51 159.08
Deductions to reserves [Abstract]
Other deductions to reserves 0.83 0 0
Total deductions to reserves 0.83 0 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 25
Final preferred dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 25
Total dividend appropriation 0 25
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 0 5.1
Preferred dividend tax appropriation 0 0
Total dividend tax appropriation 0 5.1
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 30.1
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves -0.83 105.51 128.98
Reserves at end of period 0.83 1.66 276.28993 170.77993
Venturer's share of post-acquisition reserves
0 0 0
of jointly controlled enterprise

Components of reserves [Axis] Surplus [Member]
31/03/2015
Reserves at end of period 41.79993

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on reserves explanatory [TextBlock] [See below]
Aggregate amount set aside or proposed to be set aside, to reserve 0 0
Aggregate amounts withdrawn from such reserves set aside 0 0
Share reserves joint ventures 0 0
68
Disclosure of notes on reserves explanatory [Text Block]

Note 4: Reserves and surplus
As at 31 March, As at 31 March,
2017 2016
(Rs. in Crore) (Rs. in Crore)
(a) Capital reserve
Opening balance 0.83 1.66
Less:
(i) Utilised during the year for depreciation on fixed assets used for research and
0.28 0.83
development
Closing balance 0.55 0.83
(b) Surplus in Statement of Profit and Loss
Opening balance 170.78 41.80
Add: Profit for the year 105.51 159.08
Less:
Dividend proposed to be distributed to equity shareholders @ Re 0.80 per share

- 25.00
(previous year Re 1 per share)
Tax on dividend - 5.10
Closing balance (B) 276.29 170.78
Total (A+B) 276.84 171.61
69
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 20 24.02 20 24.02
Nature of security [Abstract]
Refer Disclosure of Refer Disclosure of
Notes on Notes on
Notes on Borrowings Notes on Borrowings
Borrowings Borrowings
Explanatory, Refer Explanatory, Refer
Nature of security Explanatory, Refer
Disclosure of Notes
Explanatory, Refer
Disclosure of Notes
Disclosure of Notes Disclosure of Notes
on Borrowings on Borrowings
Explanatory Explanatory
Notes on Notes on
Notes on Borrowings Notes on Borrowings
Borrowings Borrowings
Explanatory, Refer Explanatory, Refer
Terms of repayment of term loans and other loans Explanatory, Refer
Disclosure of Notes
Explanatory, Refer
Disclosure of Notes
Disclosure of Notes Disclosure of Notes

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 20 0 20 0
Notes on Notes on
Nature of security Borrowings
Notes on Borrowings
Borrowings
Notes on Borrowings
Notes on Notes on
Terms of repayment of term loans and other loans Borrowings
Notes on Borrowings
Borrowings
Notes on Borrowings
70

Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 0 24.02 0 24.02
Notes on Notes on
Notes on Borrowings
Borrowings
Notes on Borrowings
Notes on Notes on
Notes on Borrowings
Borrowings
Notes on Borrowings

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 59.6 339.79 264.63 3.38
Refer Disclosure of
Refer Disclosure of
Notes on
Notes on Borrowings
Explanatory
Explanatory
Notes on Notes on
Notes on Borrowings
Borrowings
Notes on Borrowings

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 264.63 3.38 264.63 3.38
Notes on Notes on
Notes on Borrowings
Borrowings
Notes on Borrowings
71

Classification of borrowings [Axis] Rupee term loans from banks [Member] Loans repayable on demand [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 264.63 3.38 59.6 339.79
Refer Disclosure of
Refer Disclosure of
Notes on
Notes on Borrowings
Explanatory
Explanatory
Notes on Notes on
Notes on Borrowings
Borrowings
Notes on Borrowings

Loans repayable on demand from banks
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Borrowings 59.6 339.79
Refer Disclosure of
Refer Disclosure of
Notes on
Notes on Borrowings
Explanatory
Explanatory
Refer Disclosure of
Refer Disclosure of
Notes on
Notes on Borrowings
Explanatory
Explanatory

01/04/2016
to 31/03/2016
31/03/2017
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
Share long-term borrowings joint ventures 0 0
Share short-term borrowings joint ventures 0 0
72
Disclosure of notes on borrowings explanatory [Text Block]

Note 6: Long-term borrowings
(Rs. in crores)
As at 31 March, As at 31 March, As at 31 March, As at 31 March,

2017 2017 2016 2016
Non-current Current Non-current Current
(a) Term loans from banks
Secured 20.00 - - -
20.00 - - -
(b) Term loans from holding entity
Secured - - 24.02 9.62
- - 24.02 9.62
Total (a+b) 20.00 - 24.02 9.62
Less: Amount disclosed under Other current

- - - 9.62
liabilities (see note 10)
20.00 - 24.02 -
(i) Details of Security provided in respect of secured long-term borrowings is as under:
As at 31 As at 31
March, 2017 March, 2016
(Rs. in (Rs. in
73
Crores) Crores)
(i) 1. Exclusive charge on all movable fixed assets of the company created out of the term loan
for Ranchi, Jharkhand Project.
20.00 -
2. Mortgage of factory land and building situated at Tikratoli/125, Khata-151, Plot -432, Ranchi
Jharkhand
(i) Secured against all moveable assets of the Company of its Probiotic drink and sweetened
- 15.09
lassi project at Pilkhuwa
(ii) Secured against all moveable assets of 40 numbers of milk/fruit and vegetable/combined
- 2.14
shops of the Company
(iii) Secured against all moveable assets of the Company of its chach expansion project at
- 14.07
Pilkhuwa
(iv) Secured against all moveable assets of the Company of its Dairy Plant at Etawa and
- 2.34
mortgage of all immovable assets at the site, including land
- 33.64
(ii) Details of terms of repayment for the long term borrowings is as under:
(i) The Company has been sanctioned Term loan of Rs. 20.00 crores by HDFC Bank carrying interest @ 8.90% per annum. The loan is repayable
in 20 equal quarterly installments commencing from 30 June, 2018.
(i) Maturity profile of term loan from holding entity is as set out below:
Financial year:
74
2016-17 - 9.62
2017-18 - 7.27
2018-19 - 7.27
2019-20 - 2.06
2020-21 - 1.97
2021-22 - 1.90
2022-23 - 1.80
2023-24 - 1.75
- 33.64
(ii) Rate of interest on loans from holding entity is as set out below:
7.50% - 0.05
8.00% - 15.54
8.50% - 2.65
9.50% - 15.40
- 33.64
Note 9: Short-term borrowings
As at 31 March, 2017 (Rs. in Crore) As at 31 March, 2016 (Rs. in Crore)
(a) Loans repayable on demand from banks
75
(i) Secured loans 59.60 339.79
(b) Other loans from banks
(i) Unsecured loans 264.63 3.38
324.23 343.17
Note:
Details of Security provided in respect of secured loans is as under:
(i) Secured by way of pledge of fixed deposits with banks 32.73 41.55
(ii) Secured by first charge on pari-passu basis on entire current assets including stock, book debts, advances
26.87 298.24
etc. but excluding oil stocks and current assets of food processing plant at Bengaluru and Mumbai
59.60 339.79
76
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 149.44 94.47 149.44 94.47
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -80.2 -79.07
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
2.97 3.24 17.63 11.98
others
Total disposals tangible
2.97 3.24 17.63 11.98
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
2.67 -1.99 -1.46 0
assets, others
Total other adjustments
2.67 -1.99 -1.46 0
tangible assets
Total changes in tangible
68.94 10.17 130.35 82.49
assets
Tangible assets at end of period 619.63 550.69 540.52 1,107.53 977.18 894.69
77

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 80.2 79.07 -0.05 -0.05
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
14.66 8.74 0 0
others
14.66 8.74 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
-4.13 1.99 0 0
assets, others
-4.13 1.99 0 0
tangible assets
61.41 72.32 -0.05 -0.05
assets
Tangible assets at end of period 487.9 426.49 354.17 3.26 3.31 3.36
78

Sub classes of tangible assets [Axis] Assets held under lease [Member]
Gross carrying amount [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0.05 0.05
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0.05 0.05
assets
79

Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
2.97 3.24 17.63 11.98
others
2.97 3.24 17.63 11.98
assets
assets [Abstract]
tangible assets
2.67 -1.99 -1.46 0
assets, others
2.67 -1.99 -1.46 0
tangible assets
68.99 10.22 130.35 82.49
assets
Tangible assets at end of period 616.37 547.38 537.16 1,103.76 973.41 890.92
80

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
14.66 8.74 0 0
others
14.66 8.74 0 0
assets
assets [Abstract]
tangible assets
-4.13 1.99 0 0
assets, others
-4.13 1.99 0 0
tangible assets
61.36 72.27 -0.05 -0.05
assets
81

Classes of tangible assets [Axis] Land [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0.05 0.05
assets
82

Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.05 -0.05 0 0
assets
83

Sub classes of tangible assets [Axis] Assets held under lease [Member] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0.05 0.05 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.05 0.05 0 0
assets
84

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 4.49 4.49 4.49 0 0 0
85

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0.2 0.25 0.3 0.35
others
0.2 0.25 0.3 0.35
assets
assets [Abstract]
tangible assets
-0.01 -0.01 0 0
assets, others
-0.01 -0.01 0 0
tangible assets
19.18 3.56 26.31 10.25
assets
86

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 26.61 10.6
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.1 0.1 0.2 0.25
others
0.1 0.1 0.2 0.25
assets
assets [Abstract]
tangible assets
0.01 0.01 -0.01 -0.01
assets, others
0.01 0.01 -0.01 -0.01
tangible assets
7.13 6.69 19.18 3.56
assets
87

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.3 0.35 0.1 0.1
others
0.3 0.35 0.1 0.1
assets
assets [Abstract]
tangible assets
0 0 0.01 0.01
assets, others
0 0 0.01 0.01
tangible assets
26.31 10.25 7.13 6.69
assets
88

Classes of tangible assets [Axis] Factory building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0.2 0.25 0.3 0.35
others
0.2 0.25 0.3 0.35
assets
assets [Abstract]
tangible assets
-0.01 -0.01 0 0
assets, others
-0.01 -0.01 0 0
tangible assets
19.18 3.56 26.31 10.25
assets
89

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.1 0.1 0.2 0.25
others
0.1 0.1 0.2 0.25
assets
assets [Abstract]
tangible assets
0.01 0.01 -0.01 -0.01
assets, others
0.01 0.01 -0.01 -0.01
tangible assets
7.13 6.69 19.18 3.56
assets
90

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.3 0.35 0.1 0.1
others
0.3 0.35 0.1 0.1
assets
assets [Abstract]
tangible assets
0 0 0.01 0.01
assets, others
0 0 0.01 0.01
tangible assets
26.31 10.25 7.13 6.69
assets
91

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
2.75 2.97 15.89 9.92
others
2.75 2.97 15.89 9.92
assets
assets [Abstract]
tangible assets
2.68 -1.98 -1.46 0
assets, others
2.68 -1.98 -1.46 0
tangible assets
47.2 8.26 96.59 70.17
assets
92

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
13.14 6.95 2.75 2.97
others
13.14 6.95 2.75 2.97
assets
assets [Abstract]
tangible assets
-4.14 1.98 2.68 -1.98
assets, others
-4.14 1.98 2.68 -1.98
tangible assets
49.39 61.91 47.2 8.26
assets
93

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
15.89 9.92 13.14 6.95
others
15.89 9.92 13.14 6.95
assets
assets [Abstract]
tangible assets
-1.46 0 -4.14 1.98
assets, others
-1.46 0 -4.14 1.98
tangible assets
96.59 70.17 49.39 61.91
assets
94

Classes of tangible assets [Axis] Factory equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
2.75 2.97 15.89 9.92
others
2.75 2.97 15.89 9.92
assets
assets [Abstract]
tangible assets
2.68 -1.98 -1.46 0
assets, others
2.68 -1.98 -1.46 0
tangible assets
47.2 8.26 96.59 70.17
assets
95

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
13.14 6.95 2.75 2.97
others
13.14 6.95 2.75 2.97
assets
assets [Abstract]
tangible assets
-4.14 1.98 2.68 -1.98
assets, others
-4.14 1.98 2.68 -1.98
tangible assets
49.39 61.91 47.2 8.26
assets
96

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
15.89 9.92 13.14 6.95
others
15.89 9.92 13.14 6.95
assets
assets [Abstract]
tangible assets
-1.46 0 -4.14 1.98
assets, others
-1.46 0 -4.14 1.98
tangible assets
96.59 70.17 49.39 61.91
assets
97

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0.01 0.05 0.08
others
0 0.01 0.05 0.08
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.26 -0.39 1.44 0.83
assets
98

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.05 0.07 0 0.01
others
0.05 0.07 0 0.01
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1.7 1.22 -0.26 -0.39
assets
99

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.05 0.08 0.05 0.07
others
0.05 0.08 0.05 0.07
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1.44 0.83 1.7 1.22
assets
100

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0.1 0 0.1
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0.25 0.1
others
0 0 0.25 0.1
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.55 -0.45 -0.25 0
assets
101

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0.1
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.25 0.1 0 0
others
0.25 0.1 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.3 0.45 -0.55 -0.45
assets
102

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.25 0.1 0.25 0.1
others
0.25 0.1 0.25 0.1
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.25 0 0.3 0.45
assets
103

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0.1 0 0.1
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0.25 0.1
others
0 0 0.25 0.1
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.55 -0.45 -0.25 0
assets
104

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.25 0.1 0 0
others
0.25 0.1 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.3 0.45 -0.55 -0.45
assets
105

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.25 0.1 0.25 0.1
others
0.25 0.1 0.25 0.1
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-0.25 0 0.3 0.45
assets
106

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0.02 0 0.46 0.11
others
0.02 0 0.46 0.11
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.25 0.01 0.65 0.77
assets
107

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.44 0.11 0.02 0
others
0.44 0.11 0.02 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.4 0.76 0.25 0.01
assets
108

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.46 0.11 0.44 0.11
others
0.46 0.11 0.44 0.11
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0.65 0.77 0.4 0.76
assets
109

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0.01 0.68 1.42
others
0 0.01 0.68 1.42
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3.17 -0.77 5.61 0.47
assets
110

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.68 1.41 0 0.01
others
0.68 1.41 0 0.01
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2.44 1.24 3.17 -0.77
assets
111

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0.68 1.42 0.68 1.41
others
0.68 1.42 0.68 1.41
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
5.61 0.47 2.44 1.24
assets
112
Disclosure of additional information tangible assets [Table] ..(1)

Owned and leased assets
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [LineItems]
Amortised over Amortised over Straight Line
the period of the the period of the Method,
Straight Line
lease., Straight lease., Straight Straight Line
Method, Straight
Line Method, Line Method, Method,
Line Method,
Straight Line Straight Line Straight Line
Amortised over Amortised over Straight Line
Method, Straight Method, Straight Method,
Depreciation method tangible assets Line Method, Line Method,
the period of the the period of the Method, Straight
Straight Line
lease. lease. Line Method,
Straight Line Straight Line Method,
Straight Line
Method, Straight Method, Straight Straight Line
Method, Straight
Line Method, Line Method, Method,
Line Method
Straight Line Straight Line Straight Line
Method Method Method
Lease Period, 30 Lease Period, 30 30 Years, 10 -
30 Years, 10 - 15
Years, 10 - 15 Years, 10 - 15 15 years, based
years, based on
years, based on years, based on on number of
Useful lives or depreciation rates number of shifts
number of shifts number of shifts Lease Period Lease Period shifts working,
tangible assets working, 10
working, 10 working, 10 10 Years, 8
Years, 8 Years, 5
Years, 8 Years, 5 Years, 8 Years, 5 Years, 5 Years,
Years, 3 Years
Years, 3 Years Years, 3 Years 3 Years

Classes of tangible assets [Axis] Land [Member] Buildings [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Amortised over Amortised over Amortised over Amortised over
Straight Line Straight Line
Depreciation method tangible assets the period of the the period of the the period of the the period of the
Method Method
lease. lease. lease. lease.
Useful lives or depreciation rates
Lease Period Lease Period Lease Period Lease Period 30 Years 30 Years
tangible assets

Classes of tangible assets [Axis] Factory building [Member] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Straight Line Straight Line Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets Method Method Method Method Method Method
10 - 15 years,
10 - 15 years,
Useful lives or depreciation rates based on
30 Years 30 Years 30 Years 30 Years based on number
tangible assets number of
of shifts working
shifts working
113

Furniture and fixtures
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
10 - 15 years, 10 - 15 years, 10 - 15 years, 10 - 15 years,
based on number based on number based on number based on number 10 Years 10 Years
tangible assets of shifts working of shifts working of shifts working of shifts working

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member] Motor vehicles [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
10 Years 10 Years 8 Years 8 Years 8 Years 8 Years
tangible assets

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
8 Years 8 Years 5 Years 5 Years 5 Years 5 Years
tangible assets

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Straight Line Straight Line
Depreciation method tangible assets Method
Straight Line Method
Method
Useful lives or depreciation rates tangible assets 3 Years 3 Years 3 Years 3 Years
114

01/04/2016
to
31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
Disclosure of accounting policy on tangible assets [TextBlock] [See below]
115
Disclosure of notes on tangible assets explanatory [Text Block]

Note 13: Fixed assets
(Rs. in Crore)
Gross Gross Gross Gross

Particulars Gross block Accumulated Depreciation /amortisation Accumulated
block block block block
Impairment
As at As at 31 loss
Other As at 1 April, Other
April 1, Additions Disposals March, For the year (Charged
Adjustments 2016 Adjustments
2016 2017 during the
year)
Tangible
assets
(owned)
Freehold
4.49 - - - 4.49 - - - -
land
(4.49) (-) (-) (-) (4.49) (-) (-) (-) (-)
Leasehold
3.77 - - - 3.77 0.46 0.05 - -
land
(3.77) (-) (-) (-) (3.77) (0.41) (0.05) (-) (-)
Buildings 188.26 26.61 - 0.30 214.57 40.40 7.23 - -
(178.01) (10.60) (-) (0.35) (188.26) (33.71) (6.79) (-) (-)
Plant and
718.02 113.94 (1.46) 15.89 814.61 344.39 67.02 - (4.49)
equipment
(647.85) (80.09) (-) (9.92) (718.02) (282.48) (67.70) (1.16) (-)
Furniture
and 11.69 1.49 - 0.05 13.13 6.28 1.75 - -
fixtures
116
(10.86) (0.91) (-) (0.08) (11.69) (5.06) (1.29) (-) (-)
Vehicles 4.89 - - 0.25 4.64 1.93 0.55 - -
(4.89) (0.10) (-) (0.10) (4.89) (1.48) (0.55) (-) (-)
Office
15.62 1.11 - 0.46 16.27 7.71 0.84 - -
equipment
(14.85) (0.88) (-) (0.11) (15.62) (6.95) (0.87) (-) (-)
Computers 30.44 6.29 - 0.68 36.05 25.32 3.12 - -
(29.97) (1.89) (-) (1.42) (30.44) (24.08) (2.65) (-) (-)
Total 977.18 149.44 (1.46) 17.63 1,107.53 426.49 80.56 - (4.49)
Previous
(894.69) (94.47) (-) (11.98) (977.18) (354.17) (79.90) (1.16) (-)
year
Year ended Year ended
31 March, 2017 31 March, 2016
Depreciation and amortisation
Tangible assets 80.56 79.90
Intangible assets 1.87 1.43
82.43 81.33
Less: Transferred to capital reserve 0.27 0.83
117
Less: Depreciation pertaining to assets acquired on grant 0.09 -
82.07 80.50
Notes:
(i) Figures in brackets relates to previous year
(ii) The details of assets deployed in Research and Development activities out of capital grant and included in the above schedule are given below
:
Gross Gross Gross Accumulated Accumulated Accumulated Accumulated

Gross block
block block block depreciation depreciation depreciation depreciation
As at
As at
31 As at 1 April, As at 31
1 Other On Other
Assets Additions March, For the year March,
April, Adjustments disposals Adjustments
2016 2017
2016
2017
Tangible
assets :
Buildings 0.11 - - 0.11 0.05 0.01 - 0.06 -
Plant and
5.32 - - 5.32 5.06 0.26 - 5.32 -
equipment
Furniture
and 0.01 - - 0.01 0.01 - - 0.01 -
fixtures
Computers 0.04 - - 0.04 0.04 - - 0.04 -
Total 5.48 - - 5.48 5.16 0.27 - 5.43 -
(iii) The details of assets purchased out of capital grant and included in the above schedule are given below:
Gross Gross Gross Accumulated Accumulated Accumulated Accumulated

Gross block
block block block depreciation depreciation depreciation depreciation
118
As at As at As at 1 April, As at 31
Other On Other
Assets 1 Additions 31 For the year March,
Adjustments disposals Adjustments
April, March, 2016 2017
2016
2017
Tangible
assets :
Plant and
- 1.20 - 1.20 - 0.09 - 0.09 -
equipment
Total - 1.20 - 1.20 - 0.09 - 0.09 -
Disclosure of accounting policy on tangible assets [Text Block]

Fixed assets (Tangible/Intangible)
Fixed assets are carried at cost less accumulated depreciation / amortisation and impairment losses, if any. The cost of fixed assets comprises its
purchase price net of any trade discounts and rebates, any import duties and other taxes (other than those subsequently recoverable from the tax
authorities), any directly attributable expenditure on making the asset ready for its intended use, other incidental expenses and interest on
borrowings attributable to acquisition of qualifying fixed assets up to the date the asset is ready for its intended use. Subsequent expenditure on
fixed assets after its purchase/completion is capitalized if such expenditure results in an increase in the future benefits from such asset beyond its
previous assessed standard of performance.
Fixed assets retired from active use and held for sale are stated at the lower of their net book value and net realisable value and are disclosed
separately.
Capital work-in-progress
Projects under which tangible fixed assets are not ready for their intended use are carried at cost, comprising direct cost, related incidental
expenses and attributable interest.
119
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
business combinations 3.31 1.98 3.31 1.98
intangible assets
intangible assets
Total additions to
3.31 1.98 3.31 1.98
intangible assets
Amortization intangible assets -1.87 -1.43
Impairment loss
loss intangible assets
intangible assets
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
0 0 0 0.63
assets, others
Total disposals intangible
0 0 0 0.63
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
1.44 0.55 3.31 1.35
assets
Intangible assets at end of period 4.15 2.71 2.16 37.09 33.78 32.43
120

Internally generated and other than internally Intangible assets other than internally generated
Sub classes of intangible assets [Axis]
generated intangible assets [Member] [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
business combinations 3.31 1.98
intangible assets
intangible assets
Total additions to
3.31 1.98
intangible assets
Amortization intangible assets 1.87 1.43 -1.87 -1.43
Impairment loss
intangible assets
0 0
[Abstract]
0 0 0 0
0 0.63 0 0
assets, others
0 0.63 0 0
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1.87 0.8 1.44 0.55
assets
121

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
3.31 1.98
intangible assets
Amortization intangible assets 1.87 1.43
Impairment loss
intangible assets
0 0
[Abstract]
0 0 0 0
0 0.63 0 0.63
assets, others
0 0.63 0 0.63
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
3.31 1.35 1.87 0.8
assets
122

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
business combinations 3.31 1.98 3.31 1.98
intangible assets
intangible assets
Total additions to
3.31 1.98 3.31 1.98
intangible assets
Amortization intangible assets -1.87 -1.43
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0
0 0 0 0.63
assets, others
0 0 0 0.63
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1.44 0.55 3.31 1.35
assets
123

Internally generated and other than internally Intangible assets other than internally generated
generated intangible assets [Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
3.31 1.98
intangible assets
Amortization intangible assets 1.87 1.43 -1.87 -1.43
Impairment loss
intangible assets
0 0
[Abstract]
0 0 0 0
0 0.63 0 0
assets, others
0 0.63 0 0
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1.87 0.8 1.44 0.55
assets
124

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
3.31 1.98
intangible assets
Amortization intangible assets 1.87 1.43
Impairment loss
intangible assets
0 0
[Abstract]
0 0 0 0
0 0.63 0 0.63
assets, others
0 0.63 0 0.63
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
3.31 1.35 1.87 0.8
assets
125
Disclosure of additional information intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member] Computer software [Member]
Internally generated and other Internally generated and other
Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated than internally generated
internally generated [Member]
intangible assets [Member] intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
intangible assets [LineItems]
Amortised over
Amortised over a Amortised over a Amortised over a Amortised over a Amortised over a
a period of 5
period of 5 years period of 5 years period of 5 years period of 5 years period of 5 years
years or such
or such or such or such or such or such
Useful lives or amortization rates accelerated
accelerated accelerated accelerated accelerated accelerated
intangible assets period as may
period as may be period as may be period as may be period as may be period as may be
be determined
determined from determined from determined from determined from determined from
from time to
time to time. time to time. time to time. time to time. time to time.
time.
Description of amortization method Straight Line Straight Line Straight Line Straight Line Straight Line Straight Line
used Method Method Method Method Method Method
Disclosure of additional information intangible assets [Table] ..(2)

Intangible assets other than internally
generated [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Amortised over a Amortised over a
period of 5 years or period of 5 years or
such accelerated such accelerated
Useful lives or amortization rates intangible assets period as may be period as may be
determined from determined from time
time to time. to time.
Straight Line
Description of amortization method used Method

01/04/2016
to
31/03/2017
Disclosure of notes on intangible assets explanatory [TextBlock] [See below]
126
Disclosure of notes on intangible assets explanatory [Text Block]
Gross Amortisation
Intangible Gross
Block
assets Block Gross Gross Block Gross Amortisation Amortisation
Amortisation Impairment
Block Block
As at Loss
(other than As at Other As at 1 Other
31 For the year charged
internally April 1, Additions Adjustments Disposals April, 2016 Adjustments
March, during the
generated) 2016
2017 year
Computer
33.78 3.31 - - 37.09 31.07 1.87 - -
software
(32.43) (1.98) (-) (0.63) (33.78) (30.27) (1.43) (-) (-)
Total 33.78 3.31 - - 37.09 31.07 1.87 - -
Previous
(32.43) (1.98) (-) (0.63) (33.78) (30.27) (1.43) (-) (-)
year
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] _NoncurrentInvestment_4 _NoncurrentInvestment_5 _NoncurrentInvestment_6 _NoncurrentInvestment_7
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Non-current investments [Abstract]
Disclosure of details of non-current
investments
[Abstract]
Details of non-current investments
[LineItems]
Investment in other Indian Investment in other Indian Investment in other Indian Investment in other Indian
Type of non-current investments companies equity companies equity companies equity companies equity
instruments instruments instruments instruments
Class of non-current investments Trade investments Trade investments Trade investments Trade investments
Investments in equity Investments in equity Investments in equity Investments in equity
Nature of non-current investments instruments (at cost) instruments (at cost) instruments (at cost) instruments (at cost)
Non-current investments 0 1.8 0 0
Name of body corporate in whom Anand Regional Andhra Pradesh Banaskantha District Bhavnagar Amreli
investment has Cooperative Oilseeds Cooperative Oilseeds Cooperative Oiseeds Regional Oilseeds Growers'
been made Growers' Union Ltd Growers' Federation Ltd Growers' Union Ltd Union Ltd
Number of shares of non-current
investment [shares] 40,000 [shares] 36,000 [shares] 40,001 [shares] 20,000
made in body corporate
127

Classification of non-current investments
_NoncurrentInvestment_8 _NoncurrentInvestment_9 _NoncurrentInvestment_10 _NoncurrentInvestment_11
[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
investments
[Abstract]
[LineItems]
Investments in equity Investments in equity Investments in equity Investments in equity
Nature of non-current investments instruments (at cost) instruments (at cost) instruments (at cost) instruments (at cost)
Non-current investments 0 0 0 0
Name of body corporate in whom The Eastern Orissa Gujarat Cooperative
Jamnagar Regional Oilseeds Junagarh Regional Oilseeds
investment has Regional Cooperative Oilseeds Growers'
Growers' Union Ltd Growers' Union Ltd
been made Growers' Union Ltd Federation Ltd
investment [shares] 25,000 [shares] 20 [shares] 20,000 [shares] 20,000

[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
investments
[Abstract]
[LineItems]
Nature of non-current investments Investments in equity Investments in equity Investments in equity Investments in equity
instruments (at cost) instruments (at cost) instruments (at cost) instruments (at cost)
Name of body corporate in whom Karnataka Cooperative Krishna Devraya Maharashtra State
Kshetriya Tilhan Utpadak
investment has Oilseeds Growers'
Sahakari Sangh Ltd, Kanpur
Cooperative Oilseeds Cooperative Oilseeds
been made Federation Ltd Growers' Union Ltd., Piler Growers' Federation Ltd
128

[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
investments
[Abstract]
[LineItems]
Name of body corporate in whom Orissa State Cooperative Regional Oilseeds Growers' Regional Oilseeds Growers'
Mehsana District Telibiya
investment has Utpadak Sahakari Sangh Ltd
Oilseeds Growers' Cooperative Societies Union Cooperative Societies Union
been made Federation Ltd Ltd., Hubli Ltd., Bharatpur

[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
investments
[Abstract]
[LineItems]
Name of body corporate in whom Regional Oilseeds Growers' Regional Oilseeds Growers' Shree Sardar Vallabhbhai Tamilnadu Cooperative
investment has Cooperative Societies Union Cooperative Societies Union Patel Regional Oilseeds Oilseeds Growers'
been made Ltd., Hospet Ltd., Raichur Growers' Union Ltd Federation Ltd
129

[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2016
investments
[Abstract]
[LineItems]
Investment in other Indian Investment in other Indian Investment in other Indian
Investments in government
Type of non-current investments companies equity companies equity
or trust securities
companies equity
instruments instruments instruments
Class of non-current investments Trade investments Trade investments Other investments Trade investments
Nature of non-current investments Investments in equity Investments in equity Investment in Government Investments in equity
instruments (at cost) instruments (at cost) Securities instruments (at cost)
Name of body corporate in whom Vijaya Vardhani
Western Orissa Regional
Cooperative Oilseeds Anand Regional Cooperative
investment has Growers' Union Ltd.,
Cooperative Oilseeds National Saving Certificates
Oilseeds Growers' Union Ltd
been made Growers' Union Ltd
Gadwal
investment [shares] 10,000 [shares] 20,000 [shares] 40,000

[Axis]
01/04/2015 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2016 31/03/2016 31/03/2016 31/03/2016
investments
[Abstract]
[LineItems]
Non-current investments 1.8 0 0 0
Name of body corporate in whom Andhra Pradesh Cooperative Banaskantha District The Eastern Orissa Regional
Bhavnagar Amreli Regional
investment has Oilseeds Growers' Cooperative Oiseeds
Oilseeds Growers' Union Ltd
Cooperative Growers' Union
been made Federation Ltd Growers' Union Ltd Ltd
130

[Axis]
01/04/2015 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2016 31/03/2016 31/03/2016 31/03/2016
investments
[Abstract]
[LineItems]
Name of body corporate in whom Gujarat Cooperative Karnataka Cooperative
Jamnagar Regional Oilseeds Junagarh Regional Oilseeds
investment has Oilseeds Growers'
Growers' Union Ltd Growers' Union Ltd
Oilseeds Growers'
been made Federation Ltd Federation Ltd
investment [shares] 20 [shares] 20,000 [shares] 20,000 [shares] 25,800

[Axis]
01/04/2015 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2016 31/03/2016 31/03/2016 31/03/2016
investments
[Abstract]
[LineItems]
Name of body corporate in whom Krishna Devraya Maharashtra State
Kshetriya Tilhan Utpadak Mehsana District Telibiya
investment has Sahakari Sangh Ltd, Kanpur
Cooperative Oilseeds Cooperative Oilseeds
Utpadak Sahakari Sangh Ltd
been made Growers' Union Ltd., Piler Growers' Federation Ltd
131

[Axis]
01/04/2015 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2016 31/03/2016 31/03/2016 31/03/2016
investments
[Abstract]
[LineItems]
Name of body corporate in whom Orissa State Cooperative Regional Oilseeds Growers' Regional Oilseeds Growers' Regional Oilseeds Growers'
investment has Oilseeds Growers' Cooperative Societies Union Cooperative Societies Union Cooperative Societies Union
been made Federation Ltd Ltd., Hubli Ltd., Bharatpur Ltd., Hospet

[Axis]
01/04/2015 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2016 31/03/2016 31/03/2016 31/03/2016
investments
[Abstract]
[LineItems]
Name of body corporate in whom Regional Oilseeds Growers' Shree Sardar Vallabhbhai Tamilnadu Vijaya Vardhani
Cooperative
Cooperative Oilseeds
investment has Cooperative Societies Union Patel Regional Oilseeds Oilseeds Growers'
Growers' Union Ltd.,
been made Ltd., Raichur Growers' Union Ltd Federation Ltd
Gadwal
132

Classification of non-current investments [Axis] _NoncurrentInvestment_48 _NoncurrentInvestment_49
01/04/2015 01/04/2015
to to
31/03/2016 31/03/2016
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in other Indian
Investments in government
Type of non-current investments companies equity
or trust securities
instruments
Class of non-current investments Trade investments Other investments
Investments in equity Investment in Government
Nature of non-current investments instruments (at cost) Securities
Non-current investments 0 0
Western Orissa Regional
Name of body corporate in whom investment has been made Cooperative Oilseeds National Saving Certificates
Growers' Union Ltd
Number of shares of non-current investment made in body corporate [shares] 20,000

01/04/2016
to 31/03/2016
31/03/2017
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
Accounting policy for determination of carrying amount of investments Textual information (40)
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 1.8 1.8
Aggregate provision for diminution in value of non-current investments 0.4 0.4
133
Disclosure of notes on non-current investments explanatory [Text Block]

Note 14: Non-current investments
No. of shares/ Face As at 31 March, As at 31 March,

Particulars
units Value 2017 2016
(Nos.) (Rupees) (Rs. in Crores) (Rs. in Crores)
I Investments in equity instruments (at cost)
Unquoted - Trade
(a) Other entities:
Oil Unions/Federations
Anand Regional Cooperative Oilseeds Growers Union Ltd. 40,000 500 - -
Andhra Pradesh Cooperative Oilseeds Growers Federation

36,000 500 1.80 1.80
Ltd. *
Banaskantha District Cooperative Oiseeds Growers Union

40,001 500 - -
Ltd.
Bhavnagar Amreli Regional Oilseeds Growers Union Ltd. * 20,000 500 - -
The Eastern Orissa Regional Cooperative Growers Union

25,000 500 - -
Ltd. *
Gujarat Cooperative Oilseeds Growers Federation Ltd. * 20 1,000 - -
Jamnagar Regional Oilseeds Growers Union Ltd. * 20,000 500 - -
Junagarh Regional Oilseeds Growers Union Ltd. * 20,000 500 - -
134
Karnataka Cooperative Oilseeds Growers Federation Ltd. 25,800 500 - -
Kshetriya Tilhan Utpadak Sahakari Sangh Ltd, Kanpur 7,000 500 - -
Krishna Devraya Cooperative Oilseeds Growers Union

10,000 500 - -
Ltd., Piler *
Maharashtra State Cooperative Oilseeds Growers

26,000 500 - -
Federation Ltd. *
Mehsana District Telibiya Utpadak Sahakari Sangh Ltd. * 20,000 500 - -
Orissa State Cooperative Oilseeds Growers Federation

50,000 500 - -
Ltd. *
Regional Oilseeds Growers Cooperative Societies Union

7,000 500 - -
Ltd., Hubli.

20,000 500 - -
Ltd., Bharatpur.

16,000 500 - -
Ltd., Hospet.

14,000 500 - -
Ltd., Raichur.
Shree Sardar Vallabhbhai Patel Regional Oilseeds

20,000 500 - -
Growers Union Ltd. *
Tamilnadu Cooperative Oilseeds Growers Federation Ltd. * 19,777 500 - -
Vijaya Vardhani Cooperative Oilseeds Growers Union Ltd.,

10,000 500 - -
Gadwal *
Western Orissa Regional Cooperative Oilseeds Growers

20,000 200 0.40 0.40
Union Ltd. *
2.20 2.20
135
Less: Provision for diminution in value of investments 0.40 0.40
1.80 1.80
II Investment in Government Securities
(a) National Saving Certificates (Rs. 6,000; Previous year

- -
Rs. 6,000)
1.80 1.80
*Equity Shares are in the process of being transferred from National Dairy Development Board to the Company's name.
Accounting policy for determination of carrying amount of investments [Text Block]

Investments intended to be held for more than a year are classified as Long term investments. Long-term investments are carried individually at
cost less Write off/Provision for diminution in the value of such investments, if such a decline is other than temporary. Investments other than
Long-term are classified as current investments and are stated at lower of cost and fair value.
[200500] Notes - Current investments

01/04/2016
to
31/03/2017
Disclosure of notes on current investments explanatory [TextBlock]
Accounting policy for determination of carrying amount of investments Textual information (41)
Accounting policy for determination of carrying amount of investments [Text Block]

136
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Long-term
Classification based on time period [Axis] Classification based on time period [Member]
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 23.13 17.49 23.13
Provision leave encashment 0 0 0
Provision pension 0 0 0
Provision employee insurance scheme 0 0 0
Provision other employee related
61.24 51.21 58.43
liabilities
Total provisions for employee benefits 84.37 68.7 81.56
Provision for corporate tax [Abstract]
Provision for current tax 0 0 0
Provision for wealth tax 0 0 0
Provision for fringe benefit tax 0 0 0
Provision for other tax 0 0 0
Provision for corporate dividend tax 0 5.1 0
Total provision for corporate tax 0 5.1 0
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend
[Abstract]
Provision for proposed equity
0 0 0
interim dividend
Provision for proposed equity final
0 25 0
dividend
Provision for proposed equity
0 0 0
special dividend
Total provision for proposed equity
0 25 0
dividend
Provision for proposed preference
dividend [Abstract]
0 0 0
interim dividend
0 0 0
final dividend
0 0 0
special dividend
Total provision for proposed
0 0 0
preference dividend
Total provision for proposed dividend 0 25 0
Provision for statutory liabilities 0 0 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 0 0 0 0
Total provisions 84.37 98.8 0 81.56
137
Disclosure of breakup of provisions [Table] ..(2)

Long-term
[Member]
31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 17.49 0 0
Provision leave encashment 0 0 0
Provision pension 0 0 0
Provision employee insurance scheme 0 0 0
Provision other employee related liabilities 48.56 2.81 2.65
Total provisions for employee benefits 66.05 2.81 2.65
Provision for corporate tax [Abstract]
Provision for current tax 0 0 0
Provision for wealth tax 0 0 0
Provision for fringe benefit tax 0 0 0
Provision for other tax 0 0 0
Provision for corporate dividend tax 0 0 5.1
Total provision for corporate tax 0 0 5.1
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend [Abstract]
Provision for proposed equity interim dividend 0 0 0
Provision for proposed equity final dividend 0 0 25
Provision for proposed equity special dividend 0 0 0
Total provision for proposed equity dividend 0 0 25
Provision for proposed preference dividend [Abstract]
Provision for proposed preference interim dividend 0 0 0
Provision for proposed preference final dividend 0 0 0
Provision for proposed preference special dividend 0 0 0
Total provision for proposed preference dividend 0 0 0
Total provision for proposed dividend 0 0 25
Provision for statutory liabilities 0 0 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 0 0 0
Total provisions 66.05 2.81 32.75
138
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Unsecured considered good [Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 3.38 3.52 33.92 43.33
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 3.38 3.52 33.92 43.33
Details of loans and advances to related Includes 0.50 cr to Includes 0.39 cr to
parties Related Party Related Party
Stamp duty paid Stamp duty paid under
Nature of other loans and advances under protest protest
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Loans and advances due by others 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
139

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2016 01/04/2015
to to 31/03/2017 31/03/2016
31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 3 0.83 16.12 14.67
0 0 0 0
advances
Loans and advances 3 0.83 16.12 14.67
Details of loans and advances to related Includes 0.50 cr to Includes 0.39 cr to
parties Related Party Related Party
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
140

Classification of loans and advances [Axis] Loans advances given employees [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 3.38 3.52 0 0.28
0 0 0 0
advances
Loans and advances 3.38 3.52 0 0.28
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
141

Classification of loans and advances [Axis] Other loans and advances [Member] Advance tax [Member]
01/04/2016 01/04/2015
to to 31/03/2017 31/03/2016
31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
142

Other loans and advances, others
Classification of loans and advances [Axis] Advance income tax paid [Member]
[Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
143

Classification of loans and advances [Axis] Loans and advances [Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
Receivable from Receivable from
bank; Foreign bank; Foreign
Nature of other loans and advances Currency; Deferred Currency; Deferred
Premium Premium
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
144

Loans and advances to related parties Loans advances given other related
Classification of loans and advances [Axis]
[Member] parties [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
145

Loans advances given suppliers Loans advances given employees
[Member] [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Secured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
146

Loans advances given employees
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
Premium Premium
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
147

Deposits with statutory authorities
Classification of loans and advances [Axis] Prepaid expenses [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
0 0 0 0
advances
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
148

Other loans and advances, others
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Loans and advances, gross 0.52 0.37
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 0.52 0.37
Premium Premium
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Loans and advances due by private companies in which any director is
0 0
director
Loans and advances due by private companies in which any director is member 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
149
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 111.5 107.35 107.77 104.22
Allowance for bad and doubtful debts 3.73 3.13 0 0
Total trade receivables 107.77 104.22 107.77 104.22
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
150
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2017 31/03/2016
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 3.73 3.13
Allowance for bad and doubtful debts 3.73 3.13
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is
0 0
director
Trade receivables due by private companies in which any director is
0 0
member
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 869.24 907.97 681.77 722.16
Goods in transit 0 0 0 0
At lower of cost and At lower of cost and
net realisable value, net realisable value,
Textual information Textual information
Mode of valuation (42) [See below] (43) [See below]
Cost is determined Cost is determined
using weighted using weighted
average method. average method.
151

Classification of inventories [Axis] Finished goods [Member] Stock-in-trade [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories 148.56 129.39 21.32 37.09
Goods in transit 0 0 0 0
At lower of cost and At lower of cost and At lower of cost and At lower of cost and
net realisable value, net realisable value, net realisable value, net realisable value,
Mode of valuation Cost is determined Cost is determined Cost is determined Cost is determined
using weighted using weighted using weighted using weighted
average method. average method. average method. average method.

Classification of inventories [Axis] Stores and spares [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Inventories 17.59 19.33
Goods in transit 0 0
At lower of cost and At lower of cost and
net realisable value, net realisable value,
Mode of valuation Cost is determined Cost is determined
using weighted using weighted
average method. average method.
152

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of subclassification and notes on liabilities and assets Textual information (44)
explanatory [TextBlock] [See below]
Disclosure of notes on other long-term liabilities explanatory Textual information (45)
Trade payables, long-term 0 0
Others long-term, others 141.99 121.63
Total others, long-term 141.99 121.63
Total other long-term liabilities 141.99 121.63
Disclosure of notes on provisions explanatory [TextBlock] [See below]
Disclosure of notes on other current liabilities explanatory Textual information (47)
Current maturities of long-term debt 0 9.62
Interest accrued but not due on borrowings 1.62 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax 17.74 16.07
Other deposits refundable, current 2.08 1.46
Total deposits refundable current 2.08 1.46
Public deposit payable, current 0 0
Total other payables, current 19.82 17.53
Advance received from customers 13.56 13.57
Other advance received 3.14 8
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 5.98 5.59
Total other current liabilities 44.12 54.31
Disclosure of notes on loans and advances explanatory [TextBlock] [See below]
Share long-term loans and advances joint ventures 0 0
Share short-term loans and advances joint ventures 0 0
Disclosure of notes on other non-current assets explanatory Textual information (49)
Other non-current assets, others 0.46 0.65
Total other non-current assets 0.46 0.65
Nature of other non-current assets, others Fixed deposits with banks Fixed deposits with banks
Disclosure of notes on inventories explanatory [TextBlock] [See below]
Accounting policy on inventories [TextBlock] [See below]
Lower of cost and net Lower of cost and net
Inventory cost formula used realizable value realizable value
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
5.73 2.56
exceeding six months
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0
Other balances with banks 5.09 9.54
Total balance with banks 5.09 9.54
Cheques, drafts on hand 14.91 12.88
Cash on hand 0.04 0.1
Total cash and cash equivalents 20.04 22.52 25.9
Other bank balances 63.65 63.27
Total cash and bank balances 83.69 85.79 25.9
153
Balances held with banks to extent held as security against

63.63 63.2
borrowings
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 63.63 63.2
guarantees or other commitments
Bank deposits with more than twelve months maturity 0.02 0.02
Disclosure of notes on other current assets explanatory [TextBlock] [See below]
Interest receivable 4.07 5.23
Tangible assets held for sale 0.5 2.35
Other current assets, others 4.98 6.36
Total other current assets 9.55 13.94
Refer Disclosure of notes Refer Disclosure of notes
Nature of other current assets on other current assets on other current assets
explanatory explanatory
Mode of valuation
At lower of cost and net realisable value, Cost is determined using weighted average method., At lower of cost and net realisable value, Cost is
determined using weighted average method., At lower of cost and net realisable value, Cost is determined using weighted average method., At
lower of cost and net realisable value, Cost is determined using weighted average method.
Mode of valuation
At lower of cost and net realisable value, Cost is determined using weighted average method., At lower of cost and net realisable value, Cost is
determined using weighted average method., At lower of cost and net realisable value, Cost is determined using weighted average method., At
lower of cost and net realisable value, Cost is determined using weighted average method.
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
Note 10: Trade payables
(a) Trade Payables (other than acceptances)
(i) Total outstanding dues of micro and small enterprises (see note 46) 0.28 0.47
(ii) Total outstanding dues of creditors other than micro and small enterprises 619.25 671.67
619.53 672.14
154
Disclosure of notes on other long-term liabilities explanatory [Text Block]

Note 7: Other long-term liabilities
(a) Trade / security deposits received 141.99 121.63
141.99 121.63
155
Disclosure of notes on provisions explanatory [Text Block]

Note 8: Long-term provisions
(a) Provision for employee benefits
(i) For compensated absences 58.43 48.56
(ii) For gratuity 23.13 17.49
81.56 66.05
Note 12: Short-term provisions
(a) Provision for employee benefits
(i) For compensated absences 2.81 2.65
(b) Provision Others
(i) Provision for proposed equity dividend (Rs. 0.80 (previous year Rs.1) per equity share) - 25.00
(ii) Provision for tax on proposed dividend - 5.10
2.81 32.75
156
Disclosure of notes on other current liabilities explanatory [Text Block]

Note 11: Other current liabilities
2017 2016
(a) Current maturities of long term borrowings - 9.62
(b) Interest accrued but not due on borrowings 1.62 -
(c) Advances from customers 13.56 13.57
(d) Others:
(i) Earnest money deposit 2.08 1.46
(ii) Payable on purchase of fixed assets 4.50 2.39
(iii) Book overdrafts - 1.93
(iv) Statutory remittances (Contribution to PF, ESI, Withholding tax, VAT, Service
17.74 16.07
tax etc.)
(v) Interest accrued on trade/security deposits 1.48 1.27
(vi) Advance received against assets held for sale 3.14 8.00
44.12 54.31
Note:
For details of security in respect of current maturities of long term borrowings, refer to note 6
157
Disclosure of notes on loans and advances explanatory [Text Block]

Note 15: Long - term loans and advances
(a) Capital advances
Unsecured, considered good
- Related party 0.50 0.39
- Others 2.50 0.44
(b) Security deposits
Unsecured, considered good 16.12 14.67
(c) Loans and advances to employees
Secured, considered good 3.38 3.52
Unsecured, considered good - 0.28
(d) Stamp duty paid under protest
(e) Advance income tax
(Net of provision for tax Rs. 113.20 crores; previous year Rs. 86.72 crores)
158
37.30 46.85
Note 20: Short - term loans and advances
(a) Loans and advances to related parties
(b) Loans and advances to employees
Secured, considered good 0.96 1.32
(c) Advances to vendors
(d) Prepaid expenses
(e) Balances with Excise, VAT and Service Tax authorities
(f) Other loans and advances
159
29.51 19.83
Disclosure of notes on other non-current assets explanatory [Text Block]

Note 16: Other non-current assets
As at March 31, 2017 (Rs. in Crore) As at March 31, 2016 (Rs. in Crore)
(a) Fixed deposits with banks* 0.46 0.65
0.46 0.65
*These comprises fixed deposits under lien and having a maturity of more than 12 months from the Balance sheet date
Disclosure of notes on inventories explanatory [Text Block]

Note 17: Inventories
(At lower of cost and net realisable value)
As at March 31, 2017 (Rs. in Crore) As at March 31, 2016 (Rs. in Crore)
(a) Raw materials 681.77 722.16
(b) Finished goods 148.56 129.39
(c) Stock-in-trade 21.32 37.09
(d) Stores and spares 17.59 19.33
869.24 907.97
160
Accounting policy on inventories [Text Block]

Inventories comprise raw materials, packing materials, finished goods stock-in-trade and stores and spares. Inventories are valued at the lower of
cost and net realizable value after providing for obsolescence and other losses, where considered necessary. Cost is determined using weighted
average method. Cost includes all charges incurred in bringing the inventories to the point of sale. Work-in-progress and finished goods include
appropriate proportion of overheads and, where applicable, excise duty.
Disclosure of notes on trade receivables explanatory [Text Block]

Note 18: Trade receivables
(Unsecured)
As at March 31, 2017 (Rs. As at March 31, 2016 (Rs.

in Crore) in Crore)
(a) Outstanding for a period exceeding six months from the date they
were due for payment
- Considered good 5.73 2.56
- Considered doubtful 3.73 3.13
9.46 5.69
Less: Provision for doubtful debts 3.73 3.13
5.73 2.56
(b) Others
Considered good 102.04 101.66
107.77 104.22
161
Disclosure of notes on cash and bank balances explanatory [Text Block]

Note 19: Cash and cash equivalents

Particulars
(a) Cash and cash equivalents
(i) Cash on hand 0.04 0.10
(ii) Cheques, drafts on hand 14.91 12.88
(iii) Balance with banks:
a) In current accounts 5.09 9.54
Cash and cash equivalents (as per AS 3 Cash flow statement) 20.04 22.52
(b) Other bank balances
(i) In deposit accounts
-original maturity of more than 3 months 0.02 0.07
(ii) In deposit accounts pledged as security for loan/bank guarantee 63.63 63.20
83.69 85.79
Note: (i) Other bank balances include deposits amounting to Rs. 0.02 Cr. (previous year Rs. 0.02 Cr.) which have maturity of more than 12
months from the balance sheet date.
162
Disclosure of notes on other current assets explanatory [Text Block]

Note 21: Other current assets
(Unsecured, considered good)
As at March 31, 2017 As at March 31, 2016
(a) Interest accrued but not due on bank deposits 2.32 2.98
(b) Interest accrued but not due on loan to employees 1.75 2.25
(c) Fixed assets held for sale 0.50 2.35
(d) Claims recoverable 3.62 5.23
(e) Other current assets 1.36 1.13
9.55 13.94
[200700] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Shareholding pattern of promoters and public [Axis] Promoters [Member]
Classification based on nationality or origin [Axis] Indian [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
[shares]
Number of shares held by body corporate 25,00,00,070
[shares] 25,00,00,070
Percentage of shares held by body corporate 100.00% 100.00%

[shares]
Total number of shares 25,00,00,070
[shares] 25,00,00,070
Total of percentage shares 100.00% 100.00%
163
Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Micro small
medium _MicroSmallMediumEnterprise_50 _MicroSmallMediumEnterprise_51 _MicroSmallMediumEnterprise_52 _MicroSmallMediumEnterprise_53
enterprises [Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2016
Additional
balance sheet
notes [Abstract]
Details of
disclosures
required under
MSMED Act
2006
[Abstract]
Details of
disclosures
required under
MSMED Act
2006
[LineItems]
Principal
and interest due
remaining unpaid
[Abstract]
Principal
due remaining 0.2107466 0.0176046 0.0503726 0.3935
unpaid
Interest
due remaining 0 0 0 0
unpaid
Total
principal and
interest due 0.2107466 0.0176046 0.0503726 0.3935
remaining
unpaid
Amount
of interest paid
0 0 0 0
under MSMED
Act 2006
Amount
of payments made
to supplier
0 0 0 0
beyond
due date
during year
Amount
of interest due
0 0 0 0
and payable for
period
Amount
of interest
accrued and
remaining 0 0 0 0
unpaid at
end of accounting
year
Amount
of further interest
due and payable 0 0 0 0
even in
succeeding year
Maximum
amount
outstanding for
period from 0 0 0 0
micro
small medium
enterprises
164
Name
supplier being
micro small
UMA POLYPACK INDUSTRIES Satya Polycon Pallet Corporation Inc UMA POLYPACK INDUSTRIES
medium
enterprises
Details of disclosures required under MSMED Act 2006 [Table] ..(2)

Micro small medium enterprises [Axis] _MicroSmallMediumEnterprise_54 _MicroSmallMediumEnterprise_55
01/04/2015 01/04/2015
to to
31/03/2016 31/03/2016
Additional balance sheet notes [Abstract]
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [LineItems]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid 0.0426 0.0292
Interest due remaining unpaid 0 0
Total principal and interest due remaining unpaid 0.0426 0.0292
Amount of interest paid under MSMED Act 2006 0 0
Amount of payments made to supplier beyond due date during year 0 0
Amount of interest due and payable for period 0 0
Amount of interest accrued and remaining unpaid at end of accounting
0 0
year
Amount of further interest due and payable even in succeeding year 0 0
Maximum amount outstanding for period from micro small medium
0 0
enterprises
Name supplier being micro small medium enterprises Satia Polycon Pallet Corporation Inc
165

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Claims against company not acknowledged as debt 38.46 47.66
Total contingent liabilities 38.46 47.66
Estimated amount of contracts remaining to be executed on
15.06 22.31
capital account and not provided for
Other commitments 0 0
Total commitments 15.06 22.31
Total contingent liabilities and commitments 53.52 69.97
Amount of dividends proposed to be distributed to equity shareholders 20 25
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0.8 [INR/shares] 1
shareholders
Percentage of proposed dividend 8.00% 10.00%
Percentage of share capital held by foreign company 0.00% 0.00%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and
0.00% 0.00%
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
0 0
with its subsidiaries
Number of shareholders promoters [pure] 1 [pure] 1
Number of shareholders public [pure] 0 [pure] 0
Total number of shareholders promoters and public [pure] 1 [pure] 1
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Additions to equity share warrants during period [pure] 0 [pure] 0
Deductions in equity share warrants during period [pure] 0 [pure] 0
Total changes in equity share warrants during period [pure] 0 [pure] 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
If yes, Central Excise Tariff Act, heading in which product/
4012000 4012000
service is covered under cost records
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/
04012000 04012000
service is covered under cost audit
Net worth of company 526.84 421.61
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
166
Number of shareholders to whom shares are allotted under private

[pure] 0 [pure] 0
placement during period
167
Disclosure of additional balance sheet notes explanatory [Text Block]

Note 30: Contingent Liabilities and Commitments (to the extent not provided for)

Particulars
A. Contingent Liabilities
(a) Claims against the Company not acknowledged as debt*
(i) Staff claims under litigation 2.69 2.16
(ii) Demand in respect of mandi fees 1.62 1.62
(iii) Sales tax claims 1.35 0.03
(iv) Demand for stamp duty charges 1.07 1.07
(v) Excise duty claims (including interest) 1.22 0.73
(vi) Income tax demands 3.82 16.22
(vii) Property tax demand 1.30 1.30
(viii) Stamp duty for conversion agreements 2.38 2.38
(ix) Others 23.02 22.15
38.46 47.66
* Based on consultation with the Company s consultants, the Company does not expect any outflow of economic resources in respect of above
claims and therefore no provision is considered necessary
(b) Income tax department had raised a demand for non deduction of Income Tax at Source and interest thereon aggregating to Rs. 2.74 crores.
The case was decided in favour of the Company by the Honble High Court of Delhi. The Income Tax department has filed a Special Leave
168
Petition (SLP) with Honble Supreme Court of India. The matter is pending with the court.
As at 31 As at 31
March, 2017 March, 2016
(Rs. in (Rs. in
Crore) Crore)
B. Commitments
15.06 22.31
Estimated amount of contracts remaining to be executed on capital account and not provided for
(Net of advances paid of Rs. 3 Crore ; previous year Rs.0.83 Crore)
Note 31
In respect of the year ended 31 March, 2017, the directors in their meeting dated 13 June, 2017 have proposed a final dividend of Rs. 20 crore
(Re. 0.80 per share) to be paid on fully paid equity shares. The equity dividend is subject to approval by shareholders at the annual general
meeting and has not been included as a liability in the financial statements. The proposed equity dividend is payable to all holders of fully paid
equity shares. The total equity dividend and tax thereon amounts to Rs. 20 crore and Rs. 4.07 crore respectively.
Note 46: Disclosure required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
31 March, 31 March,
2017 2016
(Rs. in (Rs. in
Crore) Crore)
(i) Principal amount remaining unpaid as at the end of the year 0.28 0.47
(ii) Interest due thereon remaining unpaid at the end of the year - -
(iii) The amount of interest paid along with the payment made to the suppliers beyond the appointed
date
(iv) The amount of interest due and payable for the year - -
(v) The amount of interest accrued and remaining unpaid at the end of the year
(vi) The amount of further interest due and payable in the succeeding year, until such date when the
interest dues as above are actually paid
Dues to micro and small enterprises have been determined to the extent such parties have been identified on the basis of information collected by
the management.
Note 48: Disclosure on Specified Bank Notes (SBNs)
In accordance with the MCA notification G.S.R. 308(E) dated March 30, 2017 details of Specified Bank Notes (SBNs) and other denomination
notes which were held and transacted during the period 8 November, 2016 to 30 December, 2016, is given below:
169
SBNs Other denomination notes Total

Particulars
(In Rupees) (In Rupees) (In Rupees)
(i) Closing cash in hand on 8 November , 2016 9,07,500 1,00,358 10,07,858
(ii) Add: Withdrawal from bank - 12,78,200 12,78,200
(iii) Add: Permitted receipts (see note below) 2,62,21,800 3,01,61,540 5,63,83,340
(iv) Add: Non-Permitted receipts (see note below) 1,03,58,500 - 1,03,58,500
(v) Less: Permitted payments 1,21,000 32,47,713 33,68,713
(vi) Less: Amount deposited in banks 3,73,66,800 2,79,77,691 6,53,44,491
(vii) Closing cash in hand on 30 December, 2016 - 3,14,694 3,14,694
Note:
1. The Specified Bank Notes (SBNs) disclosed in point (iii) above have been accepted at Mother Dairy and Safal booths and are deposited in the
Company s bank accounts.
2. These Specified Bank Notes (SBNs) have been directly deposited by distributors/customers in the Company s bank accounts. In the absence of
any detail of the currency deposited, the Company has relied upon the certification from the banks with respect to the SBNs.
Note 49
Previous year s figures have been regrouped / reclassified wherever necessary to correspond with the current year s classification / disclosure.
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2016
to
31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (56)
changes in estimates explanatory [TextBlock] [See below]
Disclosure of general information about company [TextBlock] [See below]
170
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
The significant accounting policies are as follows:
a. Basis of accounting and preparation of financial statements
The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian
GAAP) to comply with the Accounting Standards specified under section 133 of the Companies Act, 2013 and the relevant provisions of the
Companies Act, 2013 (the 2013 Act) / Companies Act, 1956 (the 1956 Act), as applicable. The financial statements have been prepared on
accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements are consistent
with those followed in the previous year.
b. Use of estimates
The preparation of financial statements in conformity with Indian GAAP requires management to make estimates and assumptions considered in
the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. The
management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. Future results could differ
due to these estimates and the differences between the actual results and the estimates are recognized in the period in which results are
known/materialize.
c. Inventories
Inventories comprise raw materials, packing materials, finished goods stock-in-trade and stores and spares. Inventories are valued at the lower of
cost and net realizable value after providing for obsolescence and other losses, where considered necessary. Cost is determined using weighted
average method. Cost includes all charges incurred in bringing the inventories to the point of sale. Work-in-progress and finished goods include
appropriate proportion of overheads and, where applicable, excise duty.
d. Cash and cash equivalents (for the purpose of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of three
months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are
subject to insignificant risk of changes in value.
e. Cash flow statement
Cash flows are reported using the indirect method, whereby profit before extraordinary items and tax is adjusted for the effects of transactions of
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing
activities of the Company are segregated based on the available information.
f. Depreciation and amortisation
Depreciation on tangible fixed assets has been provided on the straight-line method as per the useful life prescribed in Schedule II to the
Companies Act, 2013. Accordingly, the useful life of assets considered is as follows:
Description Useful life
Buildings 30 years
Plant and equipment 15/10 years*
Office equipment 5 years
Computers 3 years
171
Furniture and fixtures 10 years
Vehicles 8 years
Based on number of shifts working
Intangible assets in the nature of software are amortized over a period of 5 years or such period as may be determined from time to time.
Depreciation is provided pro-rata from the date of addition.
All assets costing Rs. 5,000 or less individually are depreciated in the year of acquisition
Cost of leasehold land is amortized over the period of the lease.
Depreciation on fixed assets, received in the form of Capital Grant, is adjusted against Capital Reserve Fund, in terms of Accounting Standard-12,
Accounting for Government Grants prescribed by the Companies (Accounting Standards) Rules, 2006.
g. Revenue recognition
Sales are recognized, net of returns and trade discounts, on transfer of significant risk and rewards of ownership to the buyers, which generally
coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax and value added tax.
Revenue from services are recognized when services are rendered and related costs are incurred.
h. Other income
Interest income on Investments/deposits is recognized on accrual basis.
Dividend Income on investments is recognized when the right to receive payment is established.
i. Fixed assets (Tangible/Intangible)
Fixed assets are carried at cost less accumulated depreciation / amortisation and impairment losses, if any. The cost of fixed assets comprises its
purchase price net of any trade discounts and rebates, any import duties and other taxes (other than those subsequently recoverable from the tax
authorities), any directly attributable expenditure on making the asset ready for its intended use, other incidental expenses and interest on
borrowings attributable to acquisition of qualifying fixed assets up to the date the asset is ready for its intended use. Subsequent expenditure on
fixed assets after its purchase/completion is capitalized if such expenditure results in an increase in the future benefits from such asset beyond its
previous assessed standard of performance.
Fixed assets retired from active use and held for sale are stated at the lower of their net book value and net realisable value and are disclosed
separately.
Capital work-in-progress
Projects under which tangible fixed assets are not ready for their intended use are carried at cost, comprising direct cost, related incidental
expenses and attributable interest.
j. Foreign currency transactions
Transactions denominated in foreign currencies entered into by the Company are recorded at the exchange rate prevailing on the date of the
transaction. Foreign currency monetary items of the Company, outstanding at the balance sheet date are restated at the year-end rates.
Exchange differences arising on translation of monetary assets and liabilities and realised gains and losses on settlement of foreign currency
transactions are recognised as income or expense in the statement of profit and loss.
Premium/discount on forward contracts for foreign exchange are amortised over the period of the contract. Any profit or loss arising on
cancellation or renewal of such a forward contract is recognized as income or expense in the period in which such cancellation or renewal is
made.
k. Government grants, subsidies and export incentives
Government grants and subsidies are recognized when there is reasonable assurance that the Company will comply with the conditions attached to
them and grants/subsidies will be received.
Revenue grants are recognized as income over the periods necessary to match them with the costs for which they are intended to compensate, on a
systematic basis.
172
Grant received for purchase, construction or acquisition of capital assets is treated as Capital Reserve. An amount equivalent to the depreciation
charge on assets procured from such grants is appropriated from Capital Reserve and recognized in the Statement of Profit and Loss by way of
reduced depreciation charge.
Export incentives are accounted for in the year of exports based on eligibility and when there is no uncertainty in receiving the same.
l. Investments
m. Employee benefits
Employee benefits include Provident Fund, Superannuation Fund, Employee State Insurance scheme, Gratuity Fund and compensated absences.
n. Defined contribution plans
The Company s contributions to Provident Fund, Superannuation Fund and employee state insurance scheme are considered as defined
contribution plan and charged as an expense based on the amount of contributions required to be made and when services are rendered by the
employees. The Company s contribution to the Employee s Provident Fund in respect of the employees registered with the trust is deposited with
the trust formed by the Company under the Employees Provident Fund and Miscellaneous Provisions Act 1952, which is recognized by the
Income Tax Authorities. In respect of other employees, provident Fund contribution is deposited with the Regional Provident Fund Commissioner
(RPFC).
i. Defined benefit plans
For defined benefit plans in the form of gratuity fund, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in the Statement of Profit and Loss in
the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested. The retirement
benefit obligation recognised in the Balance Sheet represents the present value of the defined benefit obligation as adjusted for unrecognised past
service cost, as reduced by the fair value of scheme assets.
ii. Short-term employee benefits
The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised
during the year when the employees render the services.
The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised
during the year when the employees render the service. These benefits include performance incentive and compensated absences which are
expected to occur within twelve months after the end of the period in which the employee renders the related service.
The cost of short-term compensated absences is accounted as under:
(a) in case of accumulated compensated absences, when employees render the services that increase their entitlement of future compensated
absences;
(b) in case of non-accumulating compensated absences, when the absences occur.
iii. Long-term employee benefits
Compensated absences which are not expected to occur within twelve months after the end of the period in which the employee renders the
related services are recognized as a liability at the present value of the defined benefit obligation as at the balance sheet date on the basis of
actuarial valuation.
o. Borrowing cost
Borrowing costs includes interest and ancillary costs incurred. Borrowing costs allocated to and utilized for the acquisition or construction of a
qualifying asset, pertaining to the period from commencement of activities relating to construction/development of qualifying asset up to the date
of capitalization of such asset, are capitalized as part of the cost of that asset. All other borrowing costs are recognized as an expense in the
statement of profit and loss in the year in which they are incurred.
p. Segment policies
i. Business segments:
The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation and
management structure. The operating segments are the segments for which separate financial information is available and for which operating
profit/loss amounts are evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance. The
Company has structured its operations into the following segments:
Dairy: Liquid milk and other milk products manufactured / traded by the Company.
173
Horticulture: Fresh and frozen fruits and vegetables, fruit pulp and juices.
Edible Oil and others: Oil processed/traded by the Company and other products traded by the Company.
The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment
expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of
the segment. Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable
basis have been included under unallocated revenue / expenses / assets / liabilities.
ii. Geographic segments
The Company is also engaged in the export of pulps and juices. This has not been considered for reporting as a geographic segment since the
operations in this segment do not qualify the criteria set out for reporting under Accounting Standard 17 on Segment reporting.
q. Leases
Lease arrangements where the risks and rewards incident to ownership of an asset substantially vest with the lessor are recognized as operating
leases. Lease rent under operating leases are recognized in the statement of profit and loss account on straight line basis, over the lease term.
r. Earnings per share (EPS)
Basic earnings per share are computed by dividing the profit after tax by the weighted average number of equity shares outstanding during the
year. Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other charges to expense or
income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per
share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares,
except where results are anti dilutive.
s. Taxes on income
Income tax comprises current tax and deferred tax. Current tax is the amount of tax payable on the taxable income for the year as determined in
accordance with the applicable tax rates and the provisions of the Income Tax Act, 1961 and other applicable tax laws.
Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future
income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is
recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company.
Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that originate in
one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured using the tax rates and the tax laws enacted or
substantively enacted as at the reporting date. Deferred tax liabilities are recognised for all timing differences. Deferred tax assets are recognised
for timing differences of items other than unabosrbed depreciation and carry forward losses only to the extent that reasonable certainty exists that
sufficient future taxable income will be available against which these can be realised. However, if there are unabsorbed depreciation and carry
forward of losses, deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that there will be sufficient
future taxable income available to realise the assets. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by
the same governing tax laws and the Company has a legally enforceable right for such set off. Deferred tax assets are reviewed at each balance
sheet date for their realisability.
Current and deferred tax relating to items directly recognised in reserves are recognised in reserves and not in the Statement of Profit and Loss.
t. Research and Development Expenditure
Revenue expenditure pertaining to research is charged to the Statement of Profit and Loss. Development costs of products are also charged to the
Statement of Profit and Loss unless a product s technical feasibility has been established, in which case such expenditure is capitalised. The
amount capitalised comprises expenditure that can be directly attributed or allocated on a reasonable and consistent basis to creating, producing
and making the asset ready for its intended use. Fixed assets utilised for research and development are capitalised and depreciated in accordance
with the policies stated for Fixed Assets.
u. Impairment of assets
The carrying values of assets / cash generating units at each balance sheet date are reviewed for impairment, if any indication of impairment
exists. If carrying amount of assets exceeds the recoverable amount, an impairment is recognized for such excess amount. The impairment loss is
recognized as an expenses in the Statement of Profit and Loss. The recoverable amount is the greater of the net selling price and their value in use.
Value in use is arrived at by discounting the future cash flows to their present value based on an appropriate discount factor. When there is
indication that an impairment loss recognised for an asset in earlier accounting periods no longer exists or may have decreased, such reversal of
impairment loss is recognised in the Statement of Profit and Loss to the extent the amount was previously charged to the Statement of Profit and
Loss.
v. Provisions and contingencies:
A provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions (excluding employee benefits) are not
174
discounted to their present value and are determined based on best estimate required to settle the obligation as at the balance sheet date. These are
reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent assets are not recognized in the financial
statements. Contingent liabilities are disclosed in the notes.
w. Service tax input credit
Service tax input credit is accounted for in the books, in the period in which the underlying service received is accounted and when there
reasonable certainty in availing/utilising the credits.
x. Insurance claims
Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and amount recoverable can be measured reliably
and it is reasonable to expect ultimate realization.
y. Material events
Material events occurring after the Balance Sheet date are taken into cognizance.
z. Operating Cycle
Based on the nature of products / activities of the Company and the normal time between acquisition of assets and their realisation in cash or cash
equivalents, the Company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current
and non-current.
Disclosure of general information about company [Text Block]

Mother Dairy Fruit & Vegetable Private Limited (the Company) was incorporated on 24 March, 2000 as a wholly owned subsidiary of National
Dairy Development Board (NDDB), a body corporate formed under the National Dairy Development Act, 1987 and having its head office at
Anand.
The Company is in the business of processing, manufacturing and selling of milk, milk products, fresh & frozen fruit and vegetables, fruit pulp
and juices, oil and other food products.
[201700] Notes - Government grants

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on government grants explanatory [TextBlock] [See below]
Accounting policy adopted for government grants [TextBlock] [See below]
Capital Grant for
purchase of fixed asset
Nature and extent of government grants recognised in financial statements received from Ministry
of New and Renewable
Energy (MNRE)
Capital subsidies or grants received from government authorities 1.2 0
Revenue subsidies or grants received from government authorities 0 0
175
Disclosure of notes on government grants explanatory [Text Block]

Note 5: Deferred Grant
(a) Capital grant utilized during the year (see note 35) 1.20 -
(b) Less: depreciation pertaining to assets acquired from capital grant 0.09 -
1.11 -
Note 35: Details of Government grant
2017 2016
Details of grants received from Ministry of New and Renewable Energy (MNRE) and its
utilization is as under:
Capital Grant (for purchase of fixed assets)
(i) Received during the year 1.20 -
(ii) Less: Utilised during the year 1.20 -
- -
176
Accounting policy adopted for government grants [Text Block]
Government grants, subsidies and export incentives
Government grants and subsidies are recognized when there is reasonable assurance that the Company will comply with the conditions attached to
them and grants/subsidies will be received.
Revenue grants are recognized as income over the periods necessary to match them with the costs for which they are intended to compensate, on a
systematic basis.
Grant received for purchase, construction or acquisition of capital assets is treated as Capital Reserve. An amount equivalent to the depreciation
charge on assets procured from such grants is appropriated from Capital Reserve and recognized in the Statement of Profit and Loss by way of
reduced depreciation charge.
Export incentives are accounted for in the year of exports based on eligibility and when there is no uncertainty in receiving the same.
177
[201200] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans
_DomesticDefinedBenefitPlansMember_DefinedBenefitPlansCategories_56 _DomesticDefinedBenefitPlansMember_DefinedBenefitPlansCategories_5
categories [Axis]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of defined
benefit plans [Abstract]
Disclosure of defined
benefit plans [LineItems]
Description of
accounting policy for Textual information (60) [See below]
defined benefit plans
Description of type
Gratuity Gratuity
of plan
Reconciliation of
changes in present value
of defined benefit
obligation [Abstract]
Changes in defined
benefit obligation, at
present value
[Abstract]
Increase
(decrease) through current
service cost, defined
4.28 4.15
benefit
obligation, at present
value
Increase
(decrease) through interest
cost, defined benefit 4.86 4.7
obligation, at
present value
Increase
(decrease) through
actuarial losses (gains),
-7.75 -3.3
defined benefit
obligation, at present
value
Decrease through
benefits paid, defined
9 9.76
benefit obligation,
at present value
Total changes in
defined benefit obligation, 7.89 2.39
at present value
Defined benefit
obligation, at present 74.71 66.82
value at end of period
Reconciliation of
changes in fair value of
plan assets [Abstract]
Changes in plan
assets, at fair value
[Abstract]
Increase
(decrease) through
actuarial gains (losses), -0.44 -0.09
plan assets, at
fair value
178
Increase
(decrease) through
expected return, plan 4.23 4.05
assets, at fair
value
Decrease
through benefits paid, plan 5.86 6.43
assets, at fair value
Increase
(decrease) through
contributions by plan 4.32
participants,
plan assets, at fair value
Increase
(decrease) through
contributions by employer,
4.03
plan assets, at
fair value
Total changes
in plan assets, at fair value 2.25 1.56
Plan assets, at
51.58 49.33
fair value at end of period
Changes in
reimbursement rights, at
fair value [Abstract]
Total changes
in reimbursement rights, at 0 0
fair value
Reimbursement
rights, at fair value at end 0 0
of period
Recognised
assets and liabilities of
defined benefit plans
[Abstract]
Recognised
liabilities, defined benefit 74.71 66.82
plan
Recognised
assets, defined benefit plan 51.58 49.33
Net liability
(asset) of defined benefit 23.13 17.49
plans
Reconciliation of
liability asset of defined
benefit plans
[Abstract]
Defined benefit
value
Plan assets, at
51.58 49.33
fair value
Reimbursement
0 0
rights, at fair value
Net liability
(asset) of defined benefit 23.13 17.49
plans
Recognised
expense of defined benefit
plans [Abstract]
Current service
4.28 4.15
cost, defined benefit plan
Interest cost,
4.86 4.7
defined benefit plan
Expected
return on plan assets, 4.23 4.05
defined benefit plan
179
Actuarial gains
(losses) recognised in
profit or loss, -8.19 -3.39
defined benefit
plan
Total
post-employment benefit
13.1 8.19
expense, defined benefit
plans
Description of
The expected rate of return on plan assets is determined after considering The expected rate of return on plan assets is determined after
basis used to determine
several applicable factors such as the composition of the plan assets, investment considering several applicable factors such as the composition of
expected rate of strategy, market scenario etc. the plan assets, investment strategy, market scenario etc.
return on assets
Actual return on
plan assets and
reimbursement right
recognised as
asset [Abstract]
Actual return
on plan assets recognised 3.79 3.96
as asset
Total actual
return on plan assets and
reimbursement 3.79 3.96
right
recognised as asset
Actuarial
assumption [Abstract]
Actuarial
assumption of discount 7.10% 7.80%
rates
Actuarial
assumption of expected
8.00% 8.70%
rates of return on plan
assets
Actuarial
assumption of expected 5.00% 5.00%
rates of salary increases
Other material The estimates of future salary increases considered, takes into account the
actuarial assumptions inflation, seniority, promotions, increments and other relevant factors.
The estimates of future salary increases considered, takes into
Assertion on
account the inflation, seniority, promotions, increments and other
future salary increases relevant factors.
Experience
adjustments on plan assets
and plan liabilities
[Abstract]
Defined benefit
value
Plan assets, at
51.58 49.33
fair value
Net surplus
-23.13 -17.49
(deficit) in plan
Experience
adjustments on plan -7.75 -3.3
liabilities
Experience
adjustments on plan assets -0.44 -0.09
Estimate of
contributions expected to 4.5 4.5
be paid to plan

01/04/2016
to
31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below]
180
Description of accounting policy for defined benefit plans

For defined benefit plans in the form of gratuity fund, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in the Statement of Profit and Loss in
the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested. The retirement
benefit obligation recognised in the Balance Sheet represents the present value of the defined benefit obligation as adjusted for unrecognised past
service cost, as reduced by the fair value of scheme assets.
181
Disclosure of employee benefits explanatory [Text Block]

Note 32: Employee benefit plans:
Defined-contribution plans
The Company offers its employees defined contribution plan in the form of provident fund and family pension fund. Provident fund and family
pension fund cover all regular employees. The Company has formed a trust under the Employees Provident Fund and Miscellaneous Provisions
Act, 1952, which is recognised by the Income Tax Authorities. The contribution to the PF Trust is considered as defined contribution plan, as no
additional liability is anticipated. In respect of employees registered under the trust, Provident Fund is deposited with the Trust, in respect of other
employees, Provident Fund Contribution is deposited with the Regional Provident Fund Commissioner (RPFC). Both the employees and the
Company pay predetermined contributions into the provident fund and pension fund. The contributions are normally based on a certain proportion
of the employee s salary.
The Company has recognised Rs. 17.82 crore (previous year Rs. 16.61 crore) for Provident Fund, Superannuation Fund and Pension Fund
contribution in the statement of profit and loss.
Defined benefits plans
The Company offers its employees defined-benefit plans in the form of a gratuity scheme (a lump sum amount). Benefits under the defined
benefit plans are based on years of service and the employee s compensation (immediately before retirement). The gratuity scheme covers all
regular employees. In the case of the gratuity scheme, the Company contributes to a trust administered by LIC of India and funds approved by
Income Tax Authorities. Commitments are actuarially determined at year-end. Actuarial valuation is done based on Projected Unit Credit method.
The following tables sets out the funded status of the defined benefit scheme in respect of Gratuity and amount recognised in the financial
statements.
i. Change in defined benefit obligations 31 March, 2017 31 March, 2016
Present value of obligation at the beginning of the year 66.82 64.43
Current service cost 4.28 4.15
Interest expenses 4.86 4.70
Actuarial (gains)/losses 7.75 3.30
Benefits paid (5.86) (6.43)
Benefits paid directly by the Company (3.14) (3.33)
Present value of obligations at the end of the year 74.71 66.82
182
ii. Fair value of plan assets 31 March, 2017 31 March, 2016
Fair value of plan assets at the beginning of the year 49.33 47.77
Expected return on plan assets 4.23 4.05
Actuarial gains/(losses) (0.44) (0.09)
Contributions 4.32 4.03
Benefits paid (5.86) (6.43)
Fair value of plan assets at the end of the year 51.58 49.33
iii. Return on plan assets 31 March, 2017 31 March, 2016
Expected return on plan assets 4.23 4.05
Actuarial gains/(losses) (0.44) (0.09)
Actual return on plan assets 3.79 3.96
iv. Amount recognised in the Balance Sheet 31 March, 2017 31 March, 2016
Present value of defined benefit obligations 74.71 66.82
183
Fair value of plan assets 51.58 49.33
Net liability/(asset) recognised in the balance sheet 23.13 17.49
v. Expense recognised in Statement of Profit and Loss 31 March, 2017 31 March, 2016
Current service costs 4.28 4.15
Interest cost 4.86 4.70
Expected return on plan assets (4.23) (4.05)
Net actuarial (gain)/loss recognized during the year 8.19 3.39
Expense recognized in Statement of Profit and Loss 13.10 8.19
vi. Balance Sheet reconciliation 31 March, 2017 31 March, 2016
Present value of obligation at the beginning of the year 66.82 64.43
Fair value of plan assets at the beginning of the year 49.33 47.77
Net liability/(asset) at the beginning of the year 17.49 16.66
Expense as above 13.10 8.19
Contributions (4.32) (4.03)
184
Benefits paid directly by the Company (3.14) (3.33)
Net liability/(asset) at the end of the year 23.13 17.49
vii. Categories of plan assets as a percentage of total assets
The planned assets of the Company are managed by the trust and the Life Insurance Corporation of India (LIC) in terms of an insurance policy
taken to fund obligations of the Company with respect to its gratuity plan. The categories of plan assets with respect to investment pattern of LIC
is not available with the company.
The actuarial calculations used to estimate defined benefit commitments and expenses are based on the following assumptions, which if changed,
would affect the defined benefit commitment s size, funding requirements and expense.
viii. Estimated contribution to gratuity fund during the next financial year is Rs. 4.5 crores (previous year Rs. 4.5 crores)
ix. Principal actuarial assumptions 31 March, 2017 31 March, 2016
Discount rate 7.10% p.a. 7.80% p.a.
Expected salary escalations 5.00% p.a. 5.00% p.a.
Expected return on plan assets 8.00% p.a. 8.70% p.a.
Attrition rate:
Below 30 Years 3% 3%
Ages 31-44 Years 2% 2%
Ages 44 & Above 1% 1%
Mortality table used IALM(2006-08) IALM(2006-08)
The expected rate of return on plan assets is determined after considering several applicable factors such as the composition of the plan assets,
investment strategy, market scenario etc.
The discount rate is based on prevailing market yields of Government of India securities as at the balance sheet date for the estimated term of
obligation.
The estimates of future salary increases considered, takes into account the inflation, seniority, promotions, increments and other relevant factors.
185
X. Experience adjustment (Rs. in Crore)
31.03.2017 31.03.2016 31.03.2015 31.03.2014 31.03.2013
Present value of DBO 74.71 66.82 64.43 53.87 53.19
Fair value of plan assets 51.58 49.33 47.77 45.68 44.58
Funded status 23.13 17.49 16.66 8.19 8.61
Gains/(losses) on obligations (7.75) (3.30) (9.86) (0.43) (6.17)
Gain/(loss) on plan assets (0.44) (0.09) (0.08) (0.18) (0.12)
Actuarial assumptions for long term compensated absences
31 March, 2017 31 March, 2016
Discount rate 7.10% p.a. 7.80% p.a.
Expected salary escalations 5.00% p.a. 5.00% p.a.
Expected return on plan assets N.A. N.A.
Attrition rate:
Below 30 Years 3% 3%
Ages 31-44 Years 2% 2%
Ages 44 and above 1% 1%
Mortality table used IALM(2006-08) IALM(2006-08)
186
[201800] Notes - Borrowing cost

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on borrowing costs explanatory [TextBlock] [See below]
Textual information (63) Textual information (64)
Accounting policy adopted for borrowing costs [See below] [See below]
Borrowing costs capitalised 0.44 0
Disclosure of notes on borrowing costs explanatory [Text Block]

Note 37: Detail of borrowing cost capitalised
Year ended 31 March, 2017 Year ended 31 March, 2016

Particulars
(Rs. In Crores) (Rs. In Crores)
a. Tangible assets 0.44 -
Accounting policy adopted for borrowing costs

Accounting policy adopted for borrowing costs

187
[201300] Notes - Segments
Disclosure of primary reportable segments [Table] ..(1)

Primary reportable segments 1
Enterprise's primary reportable segments [Axis] Primary reportable segments [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of reportable segments [Abstract]
Disclosure of primary reportable segments [Abstract]
Disclosure of primary reportable segments
[LineItems]
Dairy operations, Dairy operations,
Horticulture Horticulture
Nature of primary reportable segment operations, Edible operations, Edible oil
Dairy operations Dairy operations
oil and others and others
Revenue primary reportable segment 7,890.31 7,165.67 6,122.89 5,638.53
Revenues from transactions with other
reportable segments of same enterprise primary 0 0 0 0
reportable segment
Total revenues from external customers and
transactions with other reportable segments 7,890.31 7,165.67 6,122.89 5,638.53
of same enterprise primary reportable segment
Segment result primary reportable segment 205.6 336.15 187.66 315.01
Assets primary reportable segment 1,710.28 1,661.5 1,262.46 1,255.01
Liabilities primary reportable segment 912.3 974.8 761.75 845.18
Cost incurred to acquire tangible and
intangible assets primary reportable
segment [Abstract]
Cost incurred to acquire tangible assets
152.1 89.89 90.8 79.25
primary reportable segment
Cost incurred to acquire intangible assets
0 0 0 0
Total cost incurred to acquire tangible
and intangible assets primary 152.1 89.89 90.8 79.25
reportable segment
Depreciation and amortisation expense primary
78.15 77.35 64.33 57.78
reportable segment
Non-cash items other than depreciation and
amortization included in arriving at segment 0 0 0 0
results primary reportable segment
Description of types of products and Dairy operations, Dairy operations,
services included in each reported operations, Edible operations, Edible oil
Dairy operations Dairy operations
segment primary reportable segment oil and others and others
188

Primary reportable segments 2 Primary reportable segments 3
Enterprise's primary reportable segments [Axis]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
Nature of primary reportable segment operations operations
Edible oil and others Edible oil and others
Revenue primary reportable segment 585.88 518.48 1,181.54 1,008.66

reportable segment
transactions with other reportable segments 585.88 518.48 1,181.54 1,008.66
Segment result primary reportable segment -3 5.84 20.94 15.3
Assets primary reportable segment 286.83 235.83 160.99 170.66
segment [Abstract]
60.97 8.53 0.33 2.11
0 0 0 0
reportable segment
10.54 14.07 3.28 5.5
reportable segment
amortization included in arriving at segment 0 0 0 0
Description of types of products and
services included in each reported operations operations
Edible oil and others Edible oil and others
segment primary reportable segment
189

Material reconciling items for primary Unallocated primary segment amounts
Enterprise's primary reportable segments [Axis]
reportable segments [Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
Nature of primary reportable segment Unallocated Unallocated Unallocated Unallocated
Revenue primary reportable segment 0 0 0 0
reportable segment
transactions with other reportable segments 0 0 0 0
Segment result primary reportable segment -39.91 -47.75 -39.91 -47.75
Assets primary reportable segment 60.54 80.88 60.54 80.88
segment [Abstract]
0.51 3.45 0.51 3.45
0 0 0 0
reportable segment
3.92 3.15 3.92 3.15
reportable segment
amortization included in arriving at segment 1.71 1.41 1.71 1.41
Description of types of products and
services included in each reported Unallocated Unallocated Unallocated Unallocated
segment primary reportable segment

01/04/2016
to
31/03/2017
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below]
190
Disclosure of enterprise's reportable segments explanatory [Text Block]

Note 39: Segment Reporting
The Company has identified business segments as its primary segment. The Company's reporting segments are identified based on
activities/products, risk and reward structure, organization structure and internal reporting systems. The Company has structured its operations
into the segments as listed below. Revenue and expenses directly attributable to segments are reported under each reportable segment. Expenses
which are not directly identifiable to any reportable segment have been allocated on reasonable basis. All other expenses which are not
attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities which are directly attributable or allocable
to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable.
(Rs. in Crore)
Edible oil Edible oil

Dairy Dairy Horticulture Horticulture
and and Total Total
operations operations operations operations
others others
31 31 31 31
31 March, 31 March, 31 March, 31 March,
March, March, March, March,
2017 2016 2017 2016
2017 2016 2017 2016
REVENUE
Revenue 6,113.89 5,632.51 580.51 511.95 1,158.70 986.44 7,853.10 7,130.90
Other operating revenue 8.99 6.02 5.38 6.53 22.84 22.22 37.21 34.77
Total revenue 6,122.89 5,638.53 585.88 518.48 1,181.54 1,008.66 7,890.30 7,165.67
RESULTS
Segment result 187.66 315.01 (3.00) 5.84 20.94 15.30 205.60 336.15
Unallocated expenses
39.91 47.75
(net)
Operating income 165.69 288.40
Finance costs 15.20 55.39
Profit before tax 150.49 233.01
191
Tax expense 44.98 73.93
Profit after Tax 105.51 159.08
Segment Assets 1,262.46 1,255.01 286.83 235.83 160.99 170.66 1,710.28 1,661.50
Unallocated 60.54 80.88
Total Assets 1,770.82 1,742.38
Segment Liabilities 761.75 845.18 85.61 61.46 64.94 68.16 912.30 974.80
Unallocated 330.57 345.97
Total Liabilities 1,242.87 1,320.77
Capital expenditure 90.80 79.25 60.97 8.53 0.33 2.11 152.10 89.89
Unallocable 0.51 3.45
152.61 93.34
Depreciation/amortization 64.33 57.78 10.54 14.07 3.28 5.50 78.14 77.35
Unallocable 3.92 3.15
82.07 80.50
Non-Cash expenditure
1.71 1.41
other than depreciation
192
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] IDMC LIMITED_13 INDIAN IMMUNOLOGICALS LIMITED_14
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of relationship and transactions
between
related parties [Abstract]
Disclosure of relationship and transactions
between
related parties [LineItems]
INDIAN INDIAN
Name of related party IDMC LIMITED IDMC LIMITED IMMUNOLOGICALS IMMUNOLOGICALS
LIMITED LIMITED
Country of incorporation or residence of
related India India India India
party
Permanent account number of related
AAACI4631E AAACI4631E AAACI6620F AAACI6620F
party
CIN of related party U29299GJ1992PLC018283 U29299GJ1992PLC018283 U72200TG1999PLC032666 U72200TG1999PLC032666
Description of nature of related party Fellow Subsidiary Fellow Subsidiary
Fellow Subsidiary company Fellow Subsidiary company
relationship company company
Description of nature of transactions
Purchases, Other expenses, Purchases, Other expenses,
with related Purchase of fixed assets Purchase of fixed assets
Purchases Purchases
party
Related party transactions [Abstract]
Purchases of goods related party
18.37 18.3 0.09 0.07
transactions
Purchases of tangible assets related
party 8.86 7.42 0 0
transactions
Leases as lessee related party
0 0 0 0
transactions
Advances given during year related
party 0 0 0 0
transactions
Advances taken during year related
party 0 0 0 0
transactions
Interest paid during year related party
0 0 0 0
transactions
Reimbursement of expenses incurred
on
0 0 0 0
behalf of company during year related
party transactions
Other related party transactions
1.37 1.02 0 0
expense
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial
0 0 0 0
personnel
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party
1.82 1.45 0 0
transactions
Amounts receivable related party
0.5 0.4 0.03 0.03
transactions
Amount written off during period in
respect 0 0 0 0
of debts due from related parties
Amount written back during period in
respect 0 0 0 0
of debts due to related parties
193

MEGHNAD Nagarajan
Categories of related parties [Axis] NDDB DAIRY SERVICES_15
MITRA_19 Sivaramakrishnan_17
01/04/2016 01/04/2016 01/04/2015 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2016 31/03/2017
Disclosure of relationship and transactions between
MEGHNAD Nagarajan
Name of related party MITRA
NDDB DAIRY SERVICES NDDB DAIRY SERVICES
Sivaramakrishnan
Country of incorporation or residence of related
India India India India
party
Permanent account number of related party ADMPM0166G AADCN1059J AADCN1059J AAGPN1809A
CIN of related party U01403DL2009NPL195142 U01403DL2009NPL195142
Key Management Key Management
Description of nature of related party relationship Personnel
Fellow Subsidiary company Fellow Subsidiary company
Personnel
Description of nature of transactions with related
Remuneration Paid Other expenses Other expenses Remuneration Paid
party
Purchases of goods related party transactions 0 0 0 0
Purchases of tangible assets related party
0 0 0 0
transactions
Leases as lessee related party transactions 0 0 0 0
Advances given during year related party
0 0 0 0
transactions
Advances taken during year related party
0 0 0 0
transactions
0 0 0 0
transactions
Reimbursement of expenses incurred on
behalf of company during year related 0 0 0 0
party transactions
Other related party transactions expense 0 0.47 0.48 0
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0.02 0 0 1.14
Amounts payable related party transactions 0 0 0.08 0
Amounts receivable related party transactions 0 0 0 0
Amount written off during period in respect
0 0 0 0
Amount written back during period in respect
0 0 0 0
194

Nagarajan National Dairy Development Board Pristine Biologicals
Categories of related parties [Axis]
Sivaramakrishnan_17 (NDDB)_12 (NZ) Limited_16
01/04/2015 01/04/2016 01/04/2015 01/04/2016
to to to to
31/03/2016 31/03/2017 31/03/2016 31/03/2017
National Dairy National Dairy
Nagarajan Pristine Biologicals
Name of related party Sivaramakrishnan
Development Development Board
(NZ) Limited
Board (NDDB) (NDDB)
Country of incorporation or residence of related
India India India New Zealand
party
Permanent account number of related party AAGPN1809A AABCN2029C AABCN2029C
Key Management Fellow Subsidiary
Description of nature of related party relationship Personnel
Holding company Holding company
company
Interest on
Borrowings, Rent Interest on Borrowings,
Paid, Rent Paid,
Reimbursement of Reimbursement of other
Description of nature of transactions with related other expenses, expenses, Other
Remuneration Paid Nil
party Other expenses, expenses, Loans taken,
Loans repaid, Loans repaid, Purchase
Purchase of fixed of fixed assets,
assets, Dividend Dividend paid
paid
Purchases of goods related party transactions 0 0 0 0
Purchases of tangible assets related party
0 0.45 1.5 0
transactions
Leases as lessee related party transactions 0 10.78 12.25 0
Advances given during year related party
0 33.64 81.44 0
transactions
Advances taken during year related party
0 0 3.89 0
transactions
0 0.65 7.72 0
transactions
Reimbursement of expenses incurred on
behalf of company during year related 0 1.21 5.2 0
party transactions
Other related party transactions expense 0 26.71 11.13 0
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1.14 0 0 0
Amounts payable related party transactions 0 4.29 38.46 0
Amounts receivable related party transactions 0 0 0 0
Amount written off during period in respect
0 0 0 0
Amount written back during period in respect
0 0 0 0
Description of other related party Other related Party Other related Party
expenses includes expenses includes
transactions which are necessary for Dividend of Rs. 25 Dividend of Rs. 10
understanding of financial statements crores crores
195

Pristine Biologicals SAUGATA
Categories of related parties [Axis]
(NZ) Limited_16 MITRA_18
01/04/2015 01/04/2016
to to
31/03/2016 31/03/2017
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Pristine Biologicals
Name of related party (NZ) Limited
SAUGATA MITRA
Country of incorporation or residence of related party New Zealand India

Permanent account number of related party AAJPM2221Q
Fellow Subsidiary Key Management
Description of nature of related party relationship company Personnel
Description of nature of transactions with related party Nil Remuneration Paid
Purchases of goods related party transactions 0 0
Purchases of tangible assets related party transactions 0 0
Leases as lessee related party transactions 0 0
Advances given during year related party transactions 0 0
Advances taken during year related party transactions 0 0
Interest paid during year related party transactions 0 0
Reimbursement of expenses incurred on behalf of company during year related party
0 0
transactions
Other related party transactions expense 0 0
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 0 0.02
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 0 0
Amounts receivable related party transactions 0 0
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
196
Disclosure of notes on related party explanatory [Text Block]

Note 40: Related party disclosures
Disclosures as required by the Accounting Standard (AS) 18 - Related Party Disclosures are as below:
A. Name of the related parties and nature of relationship (With whom the Company has transactions during the year
Nature of Relationship Name of Entity
Holding Entity : National Dairy Development Board (NDDB)
Fellow Subsidiaries IDMC Limited (IDMC)
India Immunological Limited (IIL)
NDDB Dairy Services (NDDBS)
Pristine Biologicals (NZ) Limited
Key Management Personnel (KMP): Mr. S. Nagarajan, Managing Director
Mr. Saugata Mitra, CPO & Whole Time Director (w.e.f. 22 March, 2017)
Mr. Meghnad Mitra, CFO & Whole Time Director (w.e.f. 22 March, 2017)
B. The nature and volume of transactions during the year with the above related parties are as follows:
(Rs. in Crore)
Holding Fellow Fellow Fellow

Nature of transactions KMP Total
Entity Subsidiaries Subsidiaries Subsidiaries
IDMC IIL NDDBS
Transactions during the year:
Interest on borrowings 0.65 - - - - 0.65
197
(7.72) (-) (-) (-) (-) (7.72)
Rent paid 10.78 - - - - 10.78
(12.25) (-) (-) (-) (-) (12.25)
Reimbursement of other
1.21 - - - - 1.21
expenses
(5.20) (-) (-) (-) (-) (5.20)
Purchases - 18.37 0.09 - - 18.46
(-) (18.30) (0.07) (-) (-) (18.37)
Other expenses 1.71 1.37 - 0.47 - 3.55
(1.13) (1.02) (-) (0.48) (-) (2.63)
Loans taken - - - - - -
(3.89) (-) (-) (-) (-) (3.89)
Loans repaid 33.64 - - - - 33.64
(81.44) (-) (-) (-) (-) (81.44)
Purchase of fixed assets 0.45 8.86 - - - 9.31
(1.50) (7.42) (-) (-) (-) (8.92)
Dividend paid 25.00 - - - - 25.00
(10.00) (-) (-) (-) (-) (10.00)
198
Remuneration paid
- Mr. S. Nagarajan - - - - 1.14 1.14
(-) (-) (-) (-) (1.14) (1.14)
- Mr. Saugata Mitra 0.02 0.02
(-) (-) (-) (-) (-) (-)
- Mr. Meghnad Mitra 0.02 0.02
(-) (-) (-) (-) (-) (-)
Balance outstanding at year end:
Holding Fellow Fellow Fellow

Nature of transactions KMP Total
Entity Subsidiaries Subsidiaries Subsidiaries
IDMC IIL NDDBS
Borrowings - - - - - -
(33.64) (-) (-) (-) (-) (33.64)
Capital advances - 0.50 - - - 0.50
(-) (0.39) (-) (-) (-) (0.39)
Short-term loans and

- - 0.03 - - 0.03
advances
(-) (0.01) (0.03) (-) (-) (0.04)
Trade payables 4.29 1.81 - 0.00 - 6.10
199
(4.82) (1.45) (-) (0.08) (-) (6.35)
Earnest Money deposit

- 0.01 - - - 0.01
received
(-) (-) (-) (-) (-) (-)
Figures in bracket represents previous year's comparatives
[201400] Notes - Leases
Disclosure of minimum operating lease payments by lessee [Table] ..(1)

Maturity [Axis] Aggregated time bands [Member] Not later than one year [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of operating lease by lessee [Abstract]
Disclosure of minimum operating lease payments
by lessee [Abstract]
Disclosure of operating lease by lessee
[LineItems]
Minimum operating lease payments payable 65.93 41.85 2.47 2.46
Disclosure of minimum operating lease payments by lessee [Table] ..(2)

Later than one year and not later than
Maturity [Axis] Later than five years [Member]
five years [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of operating lease by lessee [Abstract]
Disclosure of minimum operating lease payments
by lessee [Abstract]
Disclosure of operating lease by lessee
[LineItems]
Minimum operating lease payments payable 9.41 8.76 54.05 30.63

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock] [See below]
Minimum lease payments recognised as expense, classified as
28.45 33.95
operating lease
Total lease payments recognised as expense 28.45 33.95
Whether any operating lease has been converted to financial lease or
No No
vice-versa
200
Disclosure of leases explanatory [Text Block]

Note 34: Leasing arrangements
The Company has taken certain properties, equipment and vehicles under operating lease which can be renewed on mutually agreed terms and
conditions. The lease rental expenses of Rs.28.45 crore (Previous year Rs. 33.95 crore) in respect of obligation under operating leases have been
recognized in the statement of profit and loss.
Minimum lease payment during the non-cancelable period is as under:

Particulars
Payable not later than one year 2.47 2.46
Payable later than one year but not later than five years 9.41 8.76
Payable later than five years 54.05 30.63
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock] [See below]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 25,00,00,070 [shares] 25,00,00,070
Adjusted weighted average shares [shares] 25,00,00,070 [shares] 25,00,00,070
Diluted weighted average shares [shares] 25,00,00,070 [shares] 25,00,00,070
Adjustments of numerator to calculate basic earnings per share [Abstract]
Numerator to calculate basic earnings per share 105.51 159.08
Profit (loss) for period 105.51 159.08
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Numerator to calculate diluted earnings per share 105.51 159.08
Profit (loss) for period 105.51 159.08
201
Disclosure of earnings per share explanatory [Text Block]

Note 36: Earnings per Equity Share
Year ended 31 March, Year ended 31 March,

Particulars Unit
2017 2016
Net profit after tax Rs. in crores 105.51 159.08
Weighted average number of equity shares outstanding Numbers in

25.00 25.00
during the year crores
Nominal Value of Equity Shares Rupees 10.00 10.00
Basic Earnings per Share Rupees 4.22 6.36
Numbers in
Equity shares used to compute diluted earnings per share 25 25
crores
Diluted Earnings per Share Rupees 4.22 6.36
[202800] Notes - Subsidiary information

01/04/2016
to
31/03/2017
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
202
[201900] Notes - Income taxes

01/04/2016
to 31/03/2016
31/03/2017
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, employee benefits 29.2 23.78
Deferred tax asset, provision doubtful debts 1.29 1.08
Deferred tax asset, other 1.64 3.09
Total deferred tax assets 32.13 27.95
Components of deferred tax liabilities [Abstract]
Deferred tax liability, depreciation 40.76 34.65
Total deferred tax liabilities 40.76 34.65
203
Disclosure of notes on income taxes explanatory [Text Block]

Note 33: Deferred tax (liabilities)/assets

Particulars
A. Tax effect of items constituting deferred tax liability
(i) Difference between book balance and tax balance of fixed assets 40.76 34.65
B. Tax effect of items constituting deferred tax assets
(i) Provision for compensated absences and gratuity 29.20 23.78
(ii) Provision for doubtful debts/advances 1.29 1.08
(iii) Disallowances under Section 40(a)(ia) 1.26 1.99
(iv) Others 0.38 1.10
32.13 27.95
Deferred tax (liability)/asset (net) (8.63) (6.70)
[202400] Notes - Investments in associates

01/04/2016
to
31/03/2017
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
204
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2016
to
31/03/2017
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[201500] Notes - Impairment
Disclosure of impairment of assets in primary segment disclosure format [Table] ..(1)

Primary reportable segments [Axis] Primary reportable segments [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of impairment of assets in primary
segment disclosure format [Abstract]
Disclosure of impairment of assets in primary
segment disclosure format [LineItems]
Impairment loss recognised in profit or loss 0 1.16 0 1.16
Impairment loss directly recognised in
0 0 0 0
revaluation surplus
Reversal of impairment loss recognised in
0 0 0 0
profit or loss
Reversal of impairment loss directly
0 0 0 0
recognised in revaluation surplus
Disclosure of impairment loss recognised or reversed [Table] ..(1)

Individual assets or cash generating units [Axis] Total for individual assets or cash generating units [Member]
Classes of assets [Axis] Tangible assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Explanation of impairment loss recognised or
reversed by class of assets and by reportable
segment
Disclosure of impairment loss recognised or reversed
[Abstract]
Disclosure of impairment loss recognised or
reversed [LineItems]
Impairment loss 0 1.16 0 1.16
Nature of asset Factory Equipment Factory Equipment Factory Equipment Factory Equipment
205
Disclosure of impairment loss recognised or reversed [Table] ..(2)

Individual assets or cash generating units [Axis] Individual assets [Member]
Classes of assets [Axis] Tangible assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Explanation of impairment loss recognised or
reversed by class of assets and by reportable
segment
Disclosure of impairment loss recognised or reversed
[Abstract]
Disclosure of impairment loss recognised or
reversed [LineItems]
Impairment loss 0 1.16 0 1.16
Nature of asset Factory Equipment Factory Equipment Factory Equipment Factory Equipment
Disclosure of impairment loss and reversal of impairment loss [Table] ..(1)

Classes of assets [Axis] Classes of assets [Member] Tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of impairment loss and reversal of
impairment loss [Abstract]
Disclosure of impairment loss and reversal of
impairment loss [LineItems]
Impairment loss recognised in profit or loss 0 1.16 0 1.16
Line item in statement of profit or loss
Other Expenses Other Expenses
where impairment loss is recognised
Reversal of impairment loss recognised in
0 0 0 0
profit or loss
Impairment loss directly recognised in
0 0 0 0
revaluation surplus
Reversal of impairment loss directly
0 0 0 0
recognised in revaluation surplus

01/04/2016
to
31/03/2017
Disclosure of impairment of assets explanatory [TextBlock] [See below]
Disclosure of impairment loss and reversal of impairment loss explanatory
[TextBlock]
Disclosure of impairment of assets in primary segment disclosure format
explanatory [TextBlock]
Explanation of impairment loss recognised or reversed by class of
assets and by reportable segment
206
Disclosure of impairment of assets explanatory [Text Block]
Impairment of assets
The carrying values of assets / cash generating units at each balance sheet date are reviewed for impairment, if any indication of impairment
exists. If carrying amount of assets exceeds the recoverable amount, an impairment is recognized for such excess amount. The impairment loss is
recognized as an expenses in the Statement of Profit and Loss. The recoverable amount is the greater of the net selling price and their value in use.
Value in use is arrived at by discounting the future cash flows to their present value based on an appropriate discount factor. When there is
indication that an impairment loss recognised for an asset in earlier accounting periods no longer exists or may have decreased, such reversal of
impairment loss is recognised in the Statement of Profit and Loss to the extent the amount was previously charged to the Statement of Profit and
Loss.
[202100] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Miscellaneous other
Classes of other provisions [Axis] Company total other provisions [Member] provisions
[Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions
[Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions 0 0 0
Increase in existing other provisions 0 0 0
Provision used, other provisions 0 0 0
Unused provision reversed, other
0 0 0
provisions
Total changes in other provisions 0 0 0
Other provisions at end of period 0 0 0 0
Disclosure of other provisions [Table] ..(2)

Classes of other provisions [Axis] Miscellaneous other provisions [Member]
01/04/2015
to 31/03/2015
31/03/2016
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions 0
Increase in existing other provisions 0
Provision used, other provisions 0
Unused provision reversed, other provisions 0
Total changes in other provisions 0
Other provisions at end of period 0 0
207
Disclosure of contingent liabilities [Table] ..(1)

Company total contingent liabilities
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [LineItems]
Estimate of financial effect of contingent
38.47 47.66 38.47 47.66
liabilities

Contingent liability on disputed sales tax Contingent liability on disputed income
Classes of contingent liabilities [Axis]
[Member] tax [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
1.35 0.03 3.82 16.22
liabilities

Contingent liability on disputed excise Contingent liability on other disputed tax
Classes of contingent liabilities [Axis]
demands [Member] liabilities [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
1.22 0.73 1.3 1.3
liabilities

Contingent liability on disputed liability
Other contingent liabilities, others
Classes of contingent liabilities [Axis] relating to employees and other staff
[Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
2.69 2.16 28.09 27.22
liabilities

01/04/2016
to
31/03/2017
Disclosure of notes on other provisions, contingent liabilities and
contingent assets explanatory [TextBlock]
Disclosure of other provisions explanatory [TextBlock]
Disclosure of contingent liabilities explanatory [TextBlock] [See below]
208
Disclosure of contingent liabilities explanatory [Text Block]

Particulars
A. Contingent Liabilities
(a) Claims against the Company not acknowledged as debt*
(i) Staff claims under litigation 2.69 2.16
(ii) Demand in respect of mandi fees 1.62 1.62
(iii) Sales tax claims 1.35 0.03
(iv) Demand for stamp duty charges 1.07 1.07
(v) Excise duty claims (including interest) 1.22 0.73
(vi) Income tax demands 3.82 16.22
(vii) Property tax demand 1.30 1.30
(viii) Stamp duty for conversion agreements 2.38 2.38
(ix) Others 23.02 22.15
38.46 47.66
* Based on consultation with the Company's consultants, the Company does not expect any outflow of economic resources in respect of above
claims and therefore no provision is considered necessary
(b) Income tax department had raised a demand for non deduction of Income Tax at Source and interest thereon aggregating to Rs. 2.74 crores.
The case was decided in favour of the Company by the Hon'ble High Court of Delhi. The Income Tax department has filed a Special Leave
209
Petition (SLP) with Hon'ble Supreme Court of India. The matter is pending with the court.
[202700] Notes - Cash flow statements

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of cash flow statement explanatory [TextBlock]
Description of accounting policy to determine components of cash and cash Textual information (72)
equivalents [TextBlock] [See below]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 83.69 85.79 25.9
Other differences to cash and cash equivalents in statement of cash
63.65 63.27
flows
Total cash and cash equivalents 20.04 22.52 25.9
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 30.3 67.19
Total income taxes paid (refund) 30.3 67.19
Description of accounting policy to determine components of cash and cash equivalents [Text Block]
Cash and cash equivalents (for the purpose of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of three
months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are
subject to insignificant risk of changes in value.
210
[100200] Statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 7,830.55 7,105.04
Revenue from sale of services 24 27.27
Other operating revenues 37.21 34.76
Excise duty 1.46 1.4
Service tax collected 0 0
Other duties taxes collected 0 0
Total revenue from operations other than finance company 7,890.3 7,165.67
Disclosure of revenue from operations for finance company [Abstract]
Revenue from interest 0 0
Revenue from other financial services 0 0
Total revenue from operations finance company 0 0
Total revenue from operations 7,890.3 7,165.67
Other income 27.77 20.14
Total revenue 7,918.07 7,185.81
Expenses [Abstract]
Cost of materials consumed 5,565.54 4,801.24
Purchases of stock-in-trade 1,068.31 1,083.37
Changes in inventories of finished goods, work-in-progress and
-3.4 -20.37
stock-in-trade
Employee benefit expense 281.94 261.04
Finance costs 15.2 55.39
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 80.2 79.07
Amortisation expense 1.87 1.43
Depletion expense 0 0
Total depreciation, depletion and amortisation expense 82.07 80.5
CSR expenditure 2.06 0.74
Other expenses 755.86 690.89
Total expenses 7,767.58 6,952.8
Total profit before prior period items, exceptional items, extraordinary
150.49 233.01
items and tax
Exceptional items before tax 0 0
Total profit before extraordinary items and tax 150.49 233.01
Total profit before tax 150.49 233.01
Tax expense [Abstract]
Current tax 43.05 69
Deferred tax 1.93 4.93
Total tax expense 44.98 73.93
Total profit (loss) for period from continuing operations 105.51 159.08
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) from discontinuing operation after tax 0 0
Total profit (loss) for period before minority interest 105.51 159.08
Profit (loss) of minority interest 0 0
Share of profit (loss) of associates 0 0
Total profit (loss) for period 105.51 159.08
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 4.22 [INR/shares] 6.36
Diluted earnings per equity share [INR/shares] 4.22 [INR/shares] 6.36
Basic earning per equity share before extraordinary items [INR/shares] 4.22 [INR/shares] 6.36
Diluted earnings per equity share before extraordinary items [INR/shares] 4.22 [INR/shares] 6.36
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
211
[300500] Notes - Subclassification and notes on income and expenses

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from sale of products [Abstract]
Disclosure of revenue from sale of products explanatory [TextBlock] [See below]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 10,120.15 9,071.03
Other allowances deductions on revenue from sale of products 2,289.6 1,965.99
Total revenue from sale of products 7,830.55 7,105.04
Disclosure of revenue from sale of services [Abstract]
Disclosure of revenue from sale of services explanatory [TextBlock] [See below]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 24 27.27
Total revenue from sale of services 24 27.27
Disclosure of other operating revenues [Abstract]
Disclosure of notes on other operating revenues explanatory [TextBlock] [See below]
Other operating revenues [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0 0
operating revenue
Miscellaneous other operating revenues 37.21 34.76
Total other operating revenues 37.21 34.76
Disclosure of other income [Abstract]
Disclosure of notes on other income explanatory [TextBlock] [See below]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 6.64 6.08
Interest on other current investments 0.34 1.13
Total interest income on current investments 6.98 7.21
Interest income on long-term investments [Abstract]
Interest on other long-term investments 0 0
Total interest income on long-term investments 0 0
Total interest income 6.98 7.21
Dividend income [Abstract]
Dividend income long-term investments [Abstract]
Dividend income long-term equity securities 0.06 0.13
Dividend income long-term investments from others 0 0
Total dividend income long-term investments 0.06 0.13
Total dividend income 0.06 0.13
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0.77 0
income
Surplus on disposal, discard, demolishment and destruction of
3.5 0
depreciable tangible asset
Excess provisions bad doubtful debts advances written back 0.56 0.81
Interest on income tax refund 9.04 0.46
Miscellaneous other non-operating income 6.86 11.53
Total other non-operating income 20.73 12.8
Income from pipeline transportation 0 0
Total other income 27.77 20.14
Disclosure of finance cost [Abstract]
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Interest expense deposits 4.33 4.26
Interest expense borrowings 10.26 49.63
212
Other interest charges 0 0.8

Total interest expense 14.59 54.69
Other borrowing costs 0.61 0.7
Total finance costs 15.2 55.39
Employee benefit expense [Abstract]
Salaries and wages 232 218.01
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 1.18 1.14
Other benefits to directors 0 0
Total remuneration to directors 1.18 1.14
Remuneration to manager [Abstract]
Other benefits to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 1.18 1.14
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 30.93 24.8
Total contribution to provident and other funds 30.93 24.8
Staff welfare expense 17.83 17.09
Other employee related expenses 0 0
Total employee benefit expense 281.94 261.04
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 32.68 30.55
Power and fuel 90.62 92.72
Rent 28.45 33.95
Repairs to building 8.94 7.68
Repairs to machinery 22.57 20.15
Insurance 3.12 2.97
Rates and taxes excluding taxes on income [Abstract]
Cost taxes other levies by government local authorities 28.62 25.07
Provision wealth tax 0 0
Total rates and taxes excluding taxes on income 28.62 25.07
Travelling conveyance 19.79 15.46
Legal professional charges 34.43 28.75
Directors sitting fees 0 0
Advertising promotional expenses 134.83 119.34
Commission paid other selling agents 6.01 4.91
Transportation distribution expenses 202.16 170.07
Cost repairs maintenance other assets 11.33 9.3
Provision bad doubtful debts created 0.71 0.25
Provision bad doubtful loans advances created 0 0
Net provisions charged [Abstract]
Other provisions created 0 1.16
Total net provisions charged 0 1.16
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off 0 0
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Total write-off assets 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 2.61
tangible asset
Payments to auditor [Abstract]
Payment for audit services 0.96 0.96
Payment for taxation matters 0.39 0.39
Payment for reimbursement of expenses 0.02 0.02
Total payments to auditor 1.37 1.37
Payments to cost auditor [Abstract]
Payment for cost audit charges 0.04 0.07
Total payments to cost auditor 0.04 0.07
Miscellaneous expenses 130.19 124.51
Total other expenses 755.86 690.89
Current tax [Abstract]
213
Current tax pertaining to previous years -0.95 0

Current tax pertaining to current year 44 69
Total current tax 43.05 69
214
Subclassification and notes on income and expense explanatory [Text Block]

Note 24: Cost of materials consumed

Particulars
Raw and packing material
(a) Opening stock 722.16 802.43
(b) Add: Purchases 5,525.15 4,720.97
6,247.31 5,523.40
(c) Less: Closing stock 681.77 722.16
5,565.54 4,801.24
Note: (i) Raw and Packing material consumed comprises:
a. Raw milk 4,675.54 4,072.17
b. Conserved milk commodities 22.12 43.57
c. Fruits and vegetables for processing 104.15 123.03
d. Edible oil 597.74 408.17
e. Packing and other raw materials 165.98 154.30
5,565.54 4,801.24
Note 25: Purchases of stock-in-trade
215
(a) Milk products 209.91 218.82
(b) Raw milk 14.38 50.45
(c) Milk commodities 83.47 78.06
(d) Fresh fruits and vegetables 249.55 224.69
(e) Other items 511.00 511.35
1,068.31 1,083.37
Note 26: Changes in inventories of finished goods and stock-in-trade
(a) Inventories at the beginning of the year
Finished goods 129.39 121.92
Stock-in-trade 37.09 24.19
166.48 146.10
(b) Inventories at the end of the year
Finished goods 148.56 129.39
Stock-in-trade 21.32 37.09
169.88 166.48
Net (increase)/decrease (3.40) (20.37)
Note 27: Employee benefits expense
Salaries and wages 233.18 219.15
216
Contribution to provident and other funds 30.93 24.80
Staff welfare expenses 17.83 17.09
281.94 261.04
Note 29: Other expenses

Particulars
(a) Consumption of stores and spare parts 32.68 30.55
(b) Power and fuel 90.62 92.72
(c) Processing charges 100.66 95.26
(d) Rent 28.45 33.95
(e) Rates and taxes 28.62 25.07
(f) Repair and maintenance - Machinery 22.57 20.15
(g) Repair and maintenance - Buildings 8.94 7.68
(h) Repair and maintenance - Others 11.33 9.30
(i) Advertisement and business promotion 110.00 96.01
(j) Secondary claims and incentive to distributors 24.83 23.33
(k) Distribution, freight and forwarding expenses 202.16 170.07
(l) Insurance charges 3.12 2.97
217
(m) Legal and professional charges 34.43 28.75
(n) Auditor's remuneration (refer note (i) below) 1.41 1.44
(o) Travelling and conveyance 19.79 15.46
(p) Sales commission and other charges 6.01 4.91
(q) Loss on retirement / sale of assets - 2.61
(r) Provision for impairment on assets - 1.16
(s) Provision for doubtful receivables and advances 0.71 0.25
(t) Net loss on foreign currency transactions and translation - 0.15
(u) Corporate social responsibility expense 2.06 0.74
(v) Miscellaneous expenses 29.54 29.10
757.93 691.63
Note:
(i) Auditors' remuneration comprises:
(a) To statutory auditors:
Statutory audit fee 0.84 0.84
Tax audit fee 0.25 0.25
Taxation matters 0.09 0.09
Reimbursement of expenses 0.02 0.02
Service tax on above 0.17 0.17
218
1.37 1.37
(b) To cost auditors for cost audit:
Cost audit fee 0.03 0.06
Service tax on above 0.00 0.01
0.03 0.07
Total 1.41 1.44
219
Disclosure of revenue from sale of products explanatory [Text Block]

(ii) Sale of products comprises:
(Rs. in crore) (Rs. in crore)
a. Manufactured goods
Milk 4,787.79 4,502.53
Milk products 879.79 677.67
Frozen fruits and vegetables 58.29 70.71
Edible oil 1,125.69 903.86
Others 170.55 154.64
7,022.11 6,309.41
b. Traded goods
Fresh fruits and vegetables 310.78 296.97
Raw milk 14.38 50.37
Milk commodities 83.47 78.29
Others 73.02 70.79
808.44 795.63
220
7,830.55 7,105.04
Disclosure of revenue from sale of services explanatory [Text Block]
(iii) Sale of services comprises:
a. Processing fees 23.00 25.76
b. Service charges 1.00 1.51
24.00 27.27
Disclosure of notes on other operating revenues explanatory [Text Block]
(iv) Other operating revenue comprises:
a. Sale of scrap 10.60 6.82
b. Export incentives 2.70 3.30
c. Rent received 20.84 20.82
d. Others 3.07 3.82
37.21 34.76
221
Disclosure of notes on other income explanatory [Text Block]

Note 23: Other income
(a) Interest income from:
(i) Deposits with banks 6.64 6.08
(ii) Income tax refund 9.04 0.46
(iii) Others 0.34 1.13
(b) Dividend from non-current investments 0.06 0.13
(c) Net gain on foreign currency transaction and translations 0.77 -
(d) Other non-operating income
(i) Liabilities/provisions no longer required written back 0.56 0.81
(ii) Miscellaneous income 6.86 11.53
(iii) Profit on retirement / sale of assets 3.50 -
27.77 20.14
222
Disclosure of notes on finance cost explanatory [Text Block]

Note 28: Finance costs

Particulars
(a) Interest expenses on:
(i) Borrowings 10.26 49.63
(ii) Others:
- Interest on trade/security deposits 4.33 4.26
- Interest on delayed payment of income tax - 0.80
(b) Other borrowing costs 0.61 0.70
15.20 55.39
223
[300600] Notes - Additional information statement of profit and loss
Details of manufactured and traded goods [Table] ..(1)

Manufactured and traded goods
Categories of manufactured and traded goods [Axis] Manufactured goods [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of manufactured and traded goods [Abstract]
Details of manufactured and traded goods
[LineItems]
Milk, Milk products,
Milk, Milk products,
Frozen fruits and
Frozen fruits and
vegetables, Edible
vegetables, Edible oil, Milk, Milk products, Milk, Milk products,
oil, Others, Fresh
Others, Fresh fruits Frozen fruits and Frozen fruits and
Description of finished goods fruits and
and vegetables, Milk vegetables, Edible vegetables, Edible oil,
vegetables, Milk
products, Raw Milk, oil, Others Others
products, Raw Milk,
Milk commodities,
Milk commodities,
Others
Others
Amount of sales 7,830.55 7,105.04 7,022.11 6,309.41
Amount of closing inventory 169.88 166.48 148.56 129.39
Amount of opening inventory 166.48 146.12 129.39 121.93

Categories of manufactured and traded goods [Axis] Finished goods category 1 [Member] Finished goods category 2 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
[LineItems]
Description of finished goods Milk Milk Milk products Milk products
Amount of sales 4,787.79 4,502.53 879.79 677.67

Categories of manufactured and traded goods [Axis] Finished goods category 3 [Member] Finished goods category 4 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
[LineItems]
Frozen fruits and Frozen fruits and
Description of finished goods vegetables vegetables
Edible oil Edible oil
Amount of sales 58.29 70.71 1,125.69 903.86

Amount of closing inventory 1.01 3 42.03 30.43
Amount of opening inventory 3 2.33 30.43 34.52
224

Categories of manufactured and traded goods [Axis] Finished goods category 5 [Member] Traded goods [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
[LineItems]
Fresh fruits and Fresh fruits and
vegetables, Milk vegetables, Milk
Description of finished goods Others Others products, Raw Milk, products, Raw Milk,
Milk commodities, Milk commodities,
Others Others
Amount of sales 170.55 154.64 808.44 795.63

Categories of manufactured and traded goods [Axis] Traded goods category 1 [Member] Traded goods category 2 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
[LineItems]
Description of finished goods vegetables vegetables
Milk products Milk products
Amount of sales 310.78 296.97 326.79 299.21


Categories of manufactured and traded goods [Axis] Traded goods category 3 [Member] Traded goods category 4 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
[LineItems]
Description of finished goods Raw Milk Raw Milk Milk commodities Milk commodities
Amount of sales 14.38 50.37 83.47 78.29
Amount of closing inventory 0 0 0 0
Amount of opening inventory 0 0 0 0
225

Categories of manufactured and traded goods [Axis] Traded goods category 5 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account [Abstract]
Additional details in case of manufacturing companies [Abstract]
Details of manufactured and traded goods [LineItems]
Description of finished goods Others Others
Amount of sales 73.02 70.79
Amount of closing inventory 1.76 12.9
Amount of opening inventory 12.9 2.34
Details of goods purchased [Table] ..(1)

Categories of goods purchased [Axis] Goods purchased [Member] Goods purchased 1 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Details of goods purchased [Abstract]
Details of goods purchased [LineItems]
Milk Products, Raw
Milk Products, Raw
milk, Milk
milk, Milk
commodities, Fresh
Description of goods purchased fruits and
commodities, Fresh Milk Products Milk Products
fruits and vegetables,
vegetables, Other
Other items
items
Total goods purchased 1,068.31 1,083.37 209.91 218.82

Categories of goods purchased [Axis] Goods purchased 2 [Member] Goods purchased 3 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Description of goods purchased Raw milk Raw milk Milk commodities Milk commodities
Total goods purchased 14.38 50.45 83.47 78.06

Categories of goods purchased [Axis] Goods purchased 4 [Member] Goods purchased 5 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Description of goods purchased vegetables vegetables
Other items Other items
Total goods purchased 249.55 224.69 511 511.35
226
Details of raw materials, spare parts and components consumed [Table] ..(1)
Details of raw materials, spare parts and components consumed [Axis] Raw materials spare parts and components consumed [Member]
Subclassification of raw materials, spare parts and components
Imported and indigenous [Member] Imported [Member]
consumed [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Details of raw materials, spare parts and components
consumed [Abstract]
Details of raw materials, spare parts and
components consumed [LineItems]
Value consumed 5,598.22 4,831.79 7.69 5.57
Percentage of consumption 200.00% 200.00% 1.79% 1.68%
Raw materials spare parts and
Details of raw materials, spare parts and components consumed [Axis] Raw materials consumed [Member]
components consumed [Member]
Indigenous [Member] Imported and indigenous [Member]
consumed [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
consumed [Abstract]
Value consumed 5,590.53 4,826.22 5,565.54 4,801.24
Details of raw materials, spare parts and components consumed [Axis] Raw materials consumed [Member]
Imported [Member] Indigenous [Member]
consumed [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
consumed [Abstract]
Value consumed 7.15 5.09 5,558.39 4,796.15
227
Details of raw materials, spare parts and components consumed [Axis] Spare parts consumed [Member]
Imported and indigenous [Member] Imported [Member]
consumed [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
consumed [Abstract]
Value consumed 32.68 30.55 0.54 0.48
Details of raw materials, spare parts and components consumed [Axis] Spare parts consumed [Member]
Subclassification of raw materials, spare parts and components consumed [Axis] Indigenous [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account [Abstract]
Details of raw materials, spare parts and components consumed [Abstract]
Details of raw materials, spare parts and components consumed [LineItems]
Value consumed 32.14 30.07
Percentage of consumption 98.34% 98.43%
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed [Member] Raw materials consumed 1 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
Raw milk,
Raw milk, Conserved
Conserved milk
milk commodities,
commodities, Fruits
Fruits and vegetables
Description of raw materials category and vegetables for
for processing, Edible
Raw milk Raw milk
processing, Edible
oil, Packing and other
oil, Packing and
raw materials
other raw materials
Total raw materials consumed 5,565.54 4,801.24 4,675.55 4,072.17

Categories of raw materials consumed [Axis] Raw materials consumed 2 [Member] Raw materials consumed 3 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Fruits and
Conserved milk Conserved milk Fruits and vegetables
Description of raw materials category commodities commodities
vegetables for
for processing
processing
Total raw materials consumed 22.12 43.57 104.15 123.03
228

Categories of raw materials consumed [Axis] Raw materials consumed 4 [Member] Raw materials consumed 5 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
[Abstract]
Packing and other Packing and other raw
Description of raw materials category Edible oil Edible oil
raw materials materials
Total raw materials consumed 597.74 408.17 165.98 154.3

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account explanatory [TextBlock] [See below]
Changes in inventories of finished goods -19.17 -7.47
Changes in inventories of stock-in-trade 15.77 -12.9
Changes in other inventories 0 0
Total changes in inventories of finished goods, work-in-progress and
-3.4 -20.37
stock-in-trade
Exceptional items before tax 0 0
Total exceptional items 0 0
Total exceptional and extraordinary items 0 0
Revenue other services 1 1.51
Revenue domestic contracts 23 25.76
Total revenue contracts 23 25.76
Total gross income from services rendered 24 27.27
Value of imports of raw materials 4.32 4.54
Value of imports of components and spare parts 0.71 0.87
Value of imports of capital goods 7.98 0.33
Total value of imports calculated on CIF basis 13.01 5.74
Expenditure on other matters 1.55 0.53
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 1.55 0.53
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
FOB value of manufactured goods exported 55.4 56.29
Total earnings on export of goods calculated on FOB basis 55.4 56.29
Earnings on other income 0 0
Total earnings in foreign currency 55.4 56.29
Domestic sale manufactured goods 6,966.71 6,253.12
Domestic sale traded goods 808.44 795.63
Total domestic turnover goods, gross 7,775.15 7,048.75
Export sale manufactured goods 55.4 56.29
Total export turnover goods, gross 55.4 56.29
Total revenue from sale of products 7,830.55 7,105.04
Domestic revenue services 24 27.27
Export revenue services 0 0
Total revenue from sale of services 24 27.27
Expenditure on corporate social responsibility activities as per
2.06 0.74
guidelines
Gross value of transaction with related parties as per AS-18 60.83 57.31
Bad debts of related parties as per AS-18 0 0
229
Additional information on profit and loss account explanatory [Text Block]

Note 38: Research and development expenditure
Aggregate amount of expenditure incurred on research and development and included under the respective expense/fixed assets heads is as under:
A. Revenue expenditure
(i) Employee benefits expense 4.11 3.11
(ii) Professional fees - 0.11
(iii) Consumables 0.48 0.08
(iv) Travelling expenses 0.54 0.45
(v) Depreciation and amortisation expense - 0.40
(vi) Others 0.56 1.27
Total 5.69 5.42
B. Capital expenditure
(i) Buildings - 0.02
(ii) Plant and equipment 2.15 1.36
(iii) Office equipment 0.14 0.08
(iv) Computers 0.12 0.02
230
(v) Furniture and Fixtures 0.11 -
(vi) Capital work-in-progress - 2.12
2.52 3.60
Note 43: Expenditure in foreign currency

Particulars
Travelling expenses 0.14 0.26
Others 1.41 0.27
1.55 0.53
[300100] Notes - Revenue

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of revenue explanatory [TextBlock] [See below]
Textual information (81) Textual information (82)
Description of accounting policy for recognition of revenue [See below] [See below]
231
Disclosure of revenue explanatory [Text Block]

Note 22: Revenue from operations (gross)
(a) Sale of products
(i) Gross sale 10,120.15 9,071.03
(ii) Less: sale to milk processors (see note below (i) below) 2,289.60 1,965.99
(iii) Net sales 7,830.55 7,105.04
(b) Sale of services 24.00 27.27
(c) Other operating revenues 37.21 34.76
7,891.76 7,167.07
Notes:
(i) Sale to milk processors means the milk supplied by the Company to various dairies/federations for processing and packaging.

(ii) Sale of products comprises:
(Rs. in crore) (Rs. in crore)
a. Manufactured goods
Milk 4,787.79 4,502.53
Frozen fruits and vegetables 58.29 70.71
232
Edible oil 1,125.69 903.86
Others 170.55 154.64
7,022.11 6,309.41
b. Traded goods
Fresh fruits and vegetables 310.78 296.97
Raw milk 14.38 50.37
Milk commodities 83.47 78.29
Others 73.02 70.79
808.44 795.63
7,830.55 7,105.04
(iii) Sale of services comprises:
a. Processing fees 23.00 25.76
b. Service charges 1.00 1.51
24.00 27.27
(iv) Other operating revenue comprises:
a. Sale of scrap 10.60 6.82
233
b. Export incentives 2.70 3.30
c. Rent received 20.84 20.82
d. Others 3.07 3.82
37.21 34.76
Description of accounting policy for recognition of revenue

Sales are recognized, net of returns and trade discounts, on transfer of significant risk and rewards of ownership to the buyers, which generally
coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax and value added tax. Revenue from services are
recognized when services are rendered and related costs are incurred.
Description of accounting policy for recognition of revenue

Revenue recognition: Sales are recognized, net of returns and trade discounts, on transfer of significant risk and rewards of ownership to the
buyers, which generally coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax and value added tax.
Revenue from services are recognized when services are rendered and related costs are incurred.
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2016
to 31/03/2016
31/03/2017
Disclosure of notes on effect of changes in foreign exchange rates Textual information (83)
Amount of foreign currency exposure that is not hedged by derivative
5.13 4.85
instrument
234
Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
Note 45: Foreign currency exposure and forward contracts
(a) The year-end foreign currency exposure that have not been hedged by a derivative instrument or otherwise are given below:
(Amount in Crore)
Foreign Currency Indian Rupee Foreign Currency Indian Rupee
As at 31 March, 2017 As at 31 March, 2017 As at 31 March, 2016 As at 31 March, 2016
Amount receivable:
US Dollar 0.08 5.13 0.05 3.67
Euro - - 0.01 0.71
5.13 4.38
Amount payable:
US Dollar - - 0.01 0.47
(b) Outstanding forward exchange contracts entered into by the Company as at the end of the year:
(Amount in Crore)
Foreign currency Foreign currency Buy/sell Cross currency
Currency As at 31 March, 2017 As at 31 March, 2016
US Dollar 0.14 0.14 Sell Rupee
US Dollar - 0.05 Buy Rupee
CHF (Swiss Frank) - 0.002 Buy Rupee
235
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] _Director_72 _Director_73 _Director_74 _Director_75
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
SANGRAMSINH
VENKATARATNAM NAGARAJAN
Name of key managerial personnel or director BALARAMAN
RAYSANGBHAI
SIVARAMAKRISHNAN
DILIP RATH
CHAUDHARY
Director identification number of key managerial
00267829 01850128 03060429 05163623
personnel or director
Permanent account number of key managerial
AAAPB3329D ABEPC1030D AAGPN1809A AFOPR3828N
Date of birth of key managerial personnel or
18/08/1946 06/09/1960 17/09/1961 15/11/1954
director
Other Non Other Non
Designation of key managerial personnel or director Independent Director
Executive Director
Managing Director
Executive Director
Post Graduate
Qualification of key managerial personnel or B. Tech (Chemical BSc (Dairy Technology), MA (Eco), MSc
Diploma in Rural
director Engg), MBA PGDBM (IIM-A) (Eco)
Management
Shares held by key managerial personnel or director [shares] 0 [shares] 1 [shares] 1 [shares] 2
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 0 0 1.0984064 0
Perquisites key managerial personnel or
0 0 0.0409666 0
director
Profits in lieu of salary key managerial
0 0 0 0
0 0 1.139373 0
director
Sitting fees key managerial personnel or
0.02 0 0 0
director
Stock option key managerial personnel or
0 0 0 0
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
0.02 0 1.139373 0
remuneration
236
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] _Director_76 _Director_77 _Director_78 _Director_79
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
SUSHIL KUMAR
Name of key managerial personnel or director MISHRA
SAUGATA MITRA DEEPAK TIKKU MEGHNAD MITRA
Director identification number of key managerial

06411532 00541858 00064125 01802612
Permanent account number of key managerial
ADIPM8212B AAJPM2221Q AAEPT2718A ADMPM0166G
Date of birth of key managerial personnel or
19/01/1955 25/07/1964 19/06/1948 20/05/1964
director
Other Non Executive
Designation of key managerial personnel or director Independent Director Whole Time Director
Director
Whole Time Director
B.A.(Hons), MA (Sociology),
Qualification of key managerial personnel or
PGDBM (XLRI), M a s t e r o f B.E. CA, Bcom (Hons)
director CAIIB Management
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 1
Key managerial personnel or director remuneration
[Abstract]
director [Abstract]
Salary key managerial personnel or director 0 0.0191486 0 0.0191373
Perquisites key managerial personnel or
0 0.0024123 0 0.0023385
director
Profits in lieu of salary key managerial
0 0 0 0
0 0.0215609 0 0.0214758
director
Sitting fees key managerial personnel or
0.024 0 0 0
director
Stock option key managerial personnel or
0 0 0 0
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
0.024 0.0215609 0 0.0214758
remuneration
237
[301000] Notes - Corporate social responsibility
Classification of CSR spending [Table] ..(1)

Classification of CSR
_ClassificationOfCSRSpending_80 _ClassificationOfCSRSpending_81 _ClassificationOfCSRSpending_82 _ClassificationOfCSRSpending_83
spending [Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of CSR
spending [Abstract]
Details of CSR
spent during financial
year [Abstract]
Manner in
which amount CSR
year [Abstract]
Manner in
which amount CSR
spent during
financial year
[LineItems]
Buiding Repair, sports facilities, Civil upgradation work including Furniture, Civil and Utility
CSR project provisions of study materials, Toilet Toilet up-gradation work, Boundary recreational activities, student Construction/Maintenance of toilets
up-gradation, providing benches, wall fencing with concertina coil welfare, Infrastructure improvement
or activity identified classroom painting, and whitewash with MS grill work, Building including civil work, upgradation of in village schools
at primary schools painting and Maintenance work toilets, etc
Sector in
which project is Education Education Education Education
covered
Whether
projects or programs
undertaken Other Local Area Local Area Other
in local area
or other
Name of
state or union
territory where
Uttar Pradesh Delhi (NCT) Delhi (NCT) Uttar Pradesh
projects or
programs was
undertaken
Name of
district where
Pramilabai Chauhan Badhir Primary Schools at Mangolpur, Raibareily, Sultanpur and
projects or programs Chijarsi and Lakhan Pilkhuwa Vidyalya Nangloi and Avantika Muzaffarnagar
was
undertaken
Budget
amount outlay project 0.051 0.045 0.4431 0.439
or program wise
Amount
spent on projects or
programs
[Abstract]
Direct
expenditure on 0.051 0.045 0.323 0.4
Overheads
on projects or 0 0 0 0
programs
Total
amount spent on 0.051 0.045 0.323 0.4
Cumulative
expenditure upto 0.051 0.045 0.323 0.4
reporting period
238
Expenditure
on administrative 0 0 0 0
overheads
Mode of
Directly by company Directly by company Directly by company Directly by company
amount spent
239
Classification of CSR spending [Table] ..(2)

Classification of CSR
_ClassificationOfCSRSpending_84 _ClassificationOfCSRSpending_85 _ClassificationOfCSRSpending_86 _ClassificationOfCSRSpending_87
spending [Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of CSR
spending [Abstract]
Details of CSR
year [Abstract]
Manner in
which amount CSR
year [Abstract]
Manner in
which amount CSR
spent during
financial year
[LineItems]
Eradication of malnutrition by
CSR project providing milk and milk products to
Up-keeping and maintenance Medical health camps in villages Gift Milk Research Study
or activity identified the underprivileged sections of the
society
Sector in
which project is Education Health care Health care Poverty, hunger, malnutrition
covered
Whether
undertaken Other Other Other Other
in local area
or other
Name of
state or union
territory where
Uttar Pradesh Uttar Pradesh All India All India
projects or
programs was
undertaken
Name of
district where
Raibareily, Bulandshahr and 30 villages in milk procurement
projects or programs Muzaffarnagar areas
All India Identified urban/rural poor areas
was
undertaken
Budget
amount outlay project 0.1431 0.09 0.212 0.8
or program wise
Amount
spent on projects or
programs
[Abstract]
Direct
expenditure on 0.139 0.09 0.212 0.8
Overheads
on projects or 0 0 0 0
programs
Total
amount spent on 0.139 0.09 0.212 0.8
Cumulative
expenditure upto 0.139 0.09 0.212 0.8
reporting period
Expenditure
on administrative 0 0 0 0
overheads
By Trusts/Societies/Section 8 By Trusts/Societies/Section 8
company set up by Central or State company set up by Central or State
Mode of
Directly by company Other implementing agencies Government or entities established Government or entities established
amount spent under special Act of under special Act of
Parliament/State Legislature Parliament/State Legislature
240
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2015-16 2014-15 2013-14
Profit before tax of financial year 233.01 65.05 6.21
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
233.01 65.05 6.21
of Companies (CSR Policy) Rules, 2014

01/04/2016
to
31/03/2017
Disclosure of corporate social responsibility explanatory [TextBlock] [See below]
Whether provisions of corporate social responsibility are applicable on
Yes
company
T h e
Composition of CSR
Committee:
1 .
Shri Dilip Rath,
Chairman
Disclosure of composition of CSR committee [TextBlock]
2 . S h r i
V. Balaraman,
Member
3. Shri S.
Nagarajan,
Member
Whether company has written CSR policy Yes

Details CSR policy [TextBlock] [See below]
Disclosure web link of company at which CSR policy is placed www.motherdairy.com
Average net profit for last three financial years 101.423333333
Prescribed CSR expenditure 2.028466667
Amount CSR to be spent for financial year 2.2232
Amount CSR spent for financial year 2.06
Amount spent in local area 0.3678
Amount spent on construction/acquisition of any asset in cash 0.3993
Amount spent on construction/acquisition of any asset yet to
0
be paid in cash
Total amount spent on construction/acquisition of any asset 0.3993
Amount spent on purposes other than construction/acquisition
1.6607
of any asset in cash
Amount spent on purposes other than
0
construction/acquisition of any asset yet to be paid in cash
Total amount spent on purposes other than
1.6607
construction/acquisition of any asset
Amount unspent CSR 0.1642
Disclosure manner in which amount CSR spent during financial year Textual information (86)
NGO Medihelp Foundation;
Details of implementing agency NDDB Foundation for
Nutrition
The implementation and
Disclosure responsibility statement of CSR committee that monitoring of CSR policy
implementation and monitoring of CSR policy is in compliance is in compliance with CSR
with CSR policy of company objectives and policy of
the Company.
241
Disclosure of corporate social responsibility explanatory [Text Block]

Note 47: Corporate Social Responsibility
31 March, 2017 31 March, 2016
(i) Gross amount required to be spent by the company during the year 2.03 0.67
(ii) Amount spent during the year 2.06 0.74
Details CSR policy [Text Block]
The Focus Ares of CSR Activities are
1. Poverty alleviation, Women empowerment, Prevention of malnutrition with appropriate supplements
2. Ensuring environmental sustainability and conservation of natural resources, with specific emphasis on water.
3. Contribution to the society NDDB Foundation for Nutrition.
4. Contributing to Prime Ministers National Relief Fund or any other fund set up by the central government for socio-economic development, if
needed.
5. Any other activity specified in schedule VII to the Companies Act, 2013
The CSR policy is available at the web site of the Company (

www.motherdairy.com
)
242
Disclosure manner in which amount CSR spent during financial year explanatory [Text Block]
5.c Manner in which the amount spent during the financial year is detailed below:
Project or
programs (1) Amount spent on Amount
Local area or Amount the project or spent direct
Cumulative
Sector in other (2) Outlay programs (1) or through
expenditure
S CSR Project or Activity which the specify the (budget) Direct implementing
upto the
I identified project is state and project or expenditure on agency
reporting
covered district where programs project or
period
project or wise programs (2) & details of
program was overheads the agency
undertaken
Value Value Rs.

Value Rs. Lac
Rs. Lac Lac
Building repair, sports

Chijarsi and
facilities, provisions of study
materials, Toilet up gradation, Promoting
A Lakhan 5.09 5.09 5.09 Direct Spent
providing Benches, classroom education
Pilkhuwa,
painting & whitewash at
Uttar Pradesh
primary schools
Civil upgradation work

including Toilet up-Gradation Pramilabai
work, Boundary wall fencing Chauhan
Promoting
B with concertina coil with MS Badhir 4.45 4.45 4.45 Direct Spent
Education
grill work, Building Painting & Vidyalya,
Delhi
Maintenance work.
Furniture, Civil & Utility

recreational Primary
Schools at
activities, student welfare,
Promoting
C Infrastructure improvement Mangolpuri, 44.33 32.33 32.33 Direct Spent
Education
including civil Nangloi &
Avantika,
work, upgradation of Toilets Delhi
etc.
4 schools
Construction/maintenance of Promoting In Raibareily,

D 43.93 39.93 39.93 Direct Spent
toilets in village schools. Education Sultanpur,
Muzaffarnagar
(U.P)
243
6 schools in
the areas of
Promoting Raibareily,
E Up-keeping and Maintenance 14.34 13.92 13.92 Direct Spent
Education Bulandshahr
&
Muzaffarnagar
(U.P)
30 Villages in Through
Medical Health Camps in Preventive Milk NGO,
F 8.95 8.95 8.95
Villages Health care procurement Medihelp
Areas in U.P. Foundation
Donation to
Promoting
NDDB
G Gift Milk Research Study Health 21.23 21.23 21.23
Foundation
Care
for Nutrition
Eradication of malnutrition by Eradication

Contribution
providing milk and milk of hunger, Identified
to NDDB
H products to the poverty urban/rural 80.00 80.00 80.00
Foundation
underprivileged sections of the and poor areas
for Nutrition
society malnutrition
Total Amount spent 222.32 205.90
244

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MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(3)

Details of indebtedness of company [Table] ..(1)

Details of indebtedness of company [Table] ..(2)

Details of shareholding of promoters [Table] ..(1)

Percentage of total shares held at end of

Percentage of total shares held at end of

Details of shareholding of promoters [Table] ..(2)

Details of shareholding of promoters [Table] ..(3)

Details of shareholding of promoters [Table] ..(4)

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Details of shareholding pattern [Table] ..(1)

Percentage of total shares held at end of

Percentage of total shares held at end of

Details of shareholding pattern [Table] ..(2)

Percentage of total shares held at end of

Percentage of total shares held at end of

Details of shareholding pattern [Table] ..(3)

Percentage of total shares held at end of period 99.9999976% 99.9999976%

Percentage of total shares held at end of period 99.9999976% 99.9999976%

Percentage of total shares held at end of period 99.9999976% 99.9999976%

Percentage of total shares held at end of period 99.9999976% 99.9999976%

Percentage of total shares held at end of period 99.9999976% 99.9999976%

NIC code of product/service 105 104

Unless otherwise specified, all monetary values are in Crores of INR

Disclosure for companies covered under section 178(1) on

Disclosure of change in nature of business [TextBlock] N o

Disclosure of contents of corporate social responsibility policy T h e C S R

Disclosure of appointment and remuneration of managerial personnels

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Performance of the Company

Financial performance [Summarized Profit and Loss Account]

Particulars 2016-17 2015-16

Net Sales 7,890 7,166

Total 7,918 7,186

Operating Expenses 7,671 6,817

PBDIT 247 369

PBIT 165 288

PBT 150 233

Provision for taxation 45 74

Net Profit 105 159

Balance (Loss)/Profit Transferred to Reserves and Surplus 105 129

Review of Business operations of the Company and future outlook

New capacities that have added and planned for future

THE YEAR AHEAD

Performance of business and Categories

Milk & Dairy Products Business

Value Added Dairy Products

Growth in Horticulture Business segment remained flat.

Fresh Fruit & Vegetables

THE YEAR AHEAD

Research & Development Innovation, Quality Assurance, Analytical + Technology Absorption

b) Genentech Safety Award 2016 in Silver Category for Balaji.

Information and Technology

Employee Value Proposition (EVP)