Akry Organics PVT LTD: (400100) Disclosure of General Information About Company

AKRY ORGANICS PVT LTD
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Name of company AKRY ORGANICS PVT LTD
Corporate identity number U24110MH1993PTC071527
Permanent account number of entity AAACA6005E
A-318 Ahura Centre 82
Mahakali Caves
Address of registered office of company Road,Andheri
(East),Mumbai,Maharashtra,INDIA,400093
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 22/10/2021
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
A-318 Ahura Centre 82
Complete postal address of place of maintenance of computer
Mahakali Caves
servers (storing accounting data) Road,Andheri (East),
Name of city of place of maintenance of computer servers (storing
Mumbai,
accounting data)
Name of state/ union territory of place of maintenance of
Maharashtra,
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
400093
accounting data)
Name of district of place of maintenance of computer servers
Mumbai City
(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
022 30863350
servers (storing accounting data)
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2020
to
31/03/2021
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 2905
Description of product or service category Glycols
Turnover of product or service category 349,36,42,299
Highest turnover contributing product or service (ITC 8 digit) code 29053909
Description of product or service Glycols
Unit of measurement of highest contributing product or service KG
Turnover of highest contributing product or service 349,36,42,299
AKRY ORGANICS PVT LTD Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
MITUL PRATIK
First name of director KAMLESH KAMLESH
SANGHAVI SANGHAVI
Designation of director Whole-time director Whole-time director
Director identification number of director 01095282 01095287
Date of signing board report 22/10/2021 22/10/2021
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Mrs. Daksh
Name of related party Kamlesh Sanghavi
Sanghavi
Key managerial
Director or his
Nature of related party relationship personnel or his
relative
relative
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis
[LineItems]
Mrs. Daksh
Name of related party Kamlesh Sanghavi
Sanghavi
Key managerial
Director or his
Nature of related party relationship personnel or his
relative
relative
Description of nature of material contracts/arrangements/transactions with Sales/Rent/Storage
Rent
related party Charges
Unlimited/On arms
Duration of material contracts/arrangements/transactions with related party Unlimited
length basis
2

01/04/2020
to
31/03/2021
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
As stated in the Directors
Description of state of companies affair Report
Disclosure relating to amounts if any which is proposed to carry to any As stated in the Directors
reserves Report
Disclosures relating to amount recommended to be paid as dividend Report
Details regarding energy conservation Report
Details regarding technology absorption Report
Details regarding foreign exchange earnings and outgo Report
Disclosures in director’s responsibility statement Report
Details of material changes and commitment occurred during period As stated in the Directors
affecting financial position of company Report
As stated
Particulars of loans guarantee investment under section 186 [TextBlock] in the Doirectors
Report
As stated
Particulars of contracts/arrangements with related parties under section
in the Directors
188(1) [TextBlock] Report
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
22/10/2021
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (2)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors N o t
under section 149(6) [TextBlock] Applicable
Disclosure for companies covered under section 178(1) on
N o t
directors appointment and remuneration including other matters Applicable
provided under section 178(3) [TextBlock]
As stated
Disclosure of statement on development and implementation of risk
in the Directors
management policy [TextBlock] Report
Details on policy development and implementation by company on
As stated
corporate social responsibility initiatives taken during year in the Directors Report
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
As stated
Disclosure of financial summary or highlights [TextBlock] in the Directors
Report
As stated
Disclosure of change in nature of business [TextBlock] in the Directors
Report
As stated
Details of directors or key managerial personnels who were
in the Directors
appointed or have resigned during year [TextBlock] Report
Disclosure of companies which have become or ceased to be its As stated
subsidiaries, joint ventures or associate companies during in the Directors
year [TextBlock] Report
As stated
Details relating to deposits covered under chapter v of companies act
in the Directors
[TextBlock] Report
As stated
Details of deposits which are not in compliance with requirements
in the Directors
of chapter v of act [TextBlock] Report
Details of significant and material orders passed by As stated
regulators or courts or tribunals impacting going concern in the Directors
status and company’s operations in future [TextBlock] Report
As stated
Details regarding adequacy of internal financial controls with
in the Directors
reference to financial statements [TextBlock] Report
As stated
Disclosure of appointment and remuneration of managerial personnels
in the Directors
[TextBlock] Report
Number of meetings of board 9
3
Disclosure in board of directors report explanatory [Text Block]

AKRY ORGANICS PVT. LTD.
A-318, Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai-400 093
Phone: 022 30863351 Fax 022 30863350 E mail Id sales@akry.in, Webwww.akry.in
CIN No. U24110MH1993PTC071527
DIRECTORS' REPORT
-----------------
To the Members,
Your Directors have pleasure in presenting their 28 th Annual Report together with Audited Statement of Accounts for the year ended 31st
March 2021
1) FINANCIAL RESULTS :-
Current Year Previous Year

Rs.
Rs. Rs.
Profit before depreciation & tax 606101368 221397901
Less: Depreciation 90412365 54821738

Provision for tax 140000000 55000000
Deferred Tax Liability 24109593 254521958 (3860030)
Profit for the year after tax 351579410 115436193
Add/(Less): Balance B/F from Previous year 2104658584 1989222391
Balance carried to Balance Sheet 2456237994 2104658584
2) DIVIDEND : -In view of strengthening the financial position Your directors do not recommend any dividend for the year under review
.
3) SHARE CAPITAL : There is no change in the share capital
4) TRANSFER TO RESERVES: No amount was transferred to the reserves during the financial year ended 31st March, 2021
5) REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS: The working of the Company during the year is little
unfavorable due to COVID 19. The turnover of the company gone down by 9.89% compare to previous year. However the profit before tax
and after tax has gone up by 209.58% and 204.57% respectively compare to previous year
Your Directors are optimistic about company’s business and hopeful of better performance with increased revenue in next six months. There
was no change in the nature of business of company.
6) MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY
OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE
DATE OF THE REPORT No material changes and commitments affecting the financial position of the Company occurred between the end
of the financial year to which this financial statements relate on the date of this report.
7) CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY Composition of CSR committee, the details about the policy developed and
implemented by the company to be provided as per the prescribed format under Companies (Corporate Social Responsibility Policy) Rules,
2014, are given in the annexure.
The Company is identify and detailing of relevant projects, conducting baseline surveys and planning the implementation on educational,
medical, uplifting of poor, environment sustainability, protection of flora and fauna and other deserving causes. The company has spent Rs.
67,50,000 /- during the year.
8) LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013: There were no
loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under review and
hence the said provision is not applicable.
4
9) PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES During the year under review the
company has not entered into any contracts or arrangement with related parties. However a ll related party transactions that were entered into
during the financial year ended 31st March, 2021 were on an arm’s length basis and were in the ordinary course of business. Therefore, the
provisions of Section 188 of the Companies Act, 2013 were not attracted. Further, there are no materially significant related party
transactions during the year under review made by the Company with Promoters, Directors, Key Managerial Personnel or other designated
persons which may have a potential conflict with the interest of the Company at large. Thus, disclosure in Form AOC-2 is annexed.
10) RISK MANAGEMENT Risk Management is the process of identification, assessment and prioritization of risks followed by coordinated
efforts to minimize, monitor and mitigate/control the probability and/or impact of unfortunate events or to maximise the realisation of
opportunities. The Company has laid down a comprehensive Risk Assessment and Minimisation procedure which is reviewed by the Board
from time to time. These procedures are reviewed to ensure that executive management controls risk through means of a properly defined
framework. The major risks have been identified by the Company and its mitigation process/measures have been formulated in the areas such
as business, project execution, financial, human, environment and statutory compliance.
11) PUBLIC DEPOSIT : - During the year under review, your company has neither invited nor accepted any fixed deposits from the public.
12) AUDITORS :- M/s. MRM & Associates ., Chartered Accountants (Firm Registration No. 0126426W) have been appointed as statutory
auditors at the last Annual General Meeting held on 30-09-2019 for a period of 5 years. The Company has received the consent in writing
from M/s. MRM & Associates ., Chartered Accountants if appointed, the appointment will be within the prescribed Limit. Your directors
recommend their appointment as statutory auditors.
13) AUDITORS' REPORT : - As regards, the comments made by the Auditors in their report, the notes on accounts under review are self
explanatory.
14) COST AUDITORS As per the requirement of Central Government and pursuant to section 233B of the Companies Act, 1956, your
company has been carrying out an audit of cost records.
The company has appointed, Mr. N. Ritesh, Proprietor.of M/s. N. Ritesh & Associates, Cost Accountants, (Membership No. A 26963) as
Cost Auditor for the financial year 2020-21.
15) INTERNAL FINANCIAL CONTROL: The Company has in place adequate internal financial controls with reference to financial
statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.
16) NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW
The Company has conducted 9 (Nine) Board meetings during the financial year under review.
17) DIRECTORS: Directors are not liable to retire by rotation.
18) DIRECTORS RESPONSIBILITY STATEMENT : Pursuant to sub-section (5) of section 134 of the Companies Act, 2013, the Board of
Directors of the Company hereby state and confirm that:
i) in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have
been made from the same;
ii) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent, so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profits of the
Company for that period;
iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
iv) they have prepared the annual accounts on a going concern basis;
v) they have laid down internal financial controls for the Company and such internal financial controls are adequate and operating
effectively; and
vi) they have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and
operating effectively.
.
19) SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES During the year under review, no company has become or
ceased to be the Company’s subsidiaries, joint ventures or associate companies.
20) DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS No
significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company’s
operations in future.
21) DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION &
REDRESSAL) ACT, 2013 The Company has constituted committee under the sexual harassment of women at workplace (prevention,
prohibition and Redressal) Act, 2013 and However, company has complied with the provisions of the same . The Company is committed to
provide a safe and conducive work environment to its employees. During the year under review, no case of sexual harassment was reported.
22) PARTICULARS OF EMPLOYEES :- The Company being private limited, the provisions of Section 197 of the Companies Act, 2013
read with the Companies (appointment and remuneration of managerial personnel) Rules, 2014 as amended are not applicable. However the
list of the person who earned a remuneration more than Rs/ 8.50 lacs per month or Rs. 102 lacs p. a is annexed herewith/
23) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS & OUTGOES The
information pertaining to conservation of energy, technology absorption, Foreign exchange Earnings and outgo as required under Section 134
(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is furnished in Annexure and is attached to
this report.
5
24) ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and
Administration) Rules, 2014 is furnished in Annexure and is attached to this Report.
25) WEB LINK OF ANNUAL RETURN: The Company is having website i.e.www.akry.in and annual return of Company has been
published on such website.
26) ACKNOWLEDGEMENT: The Directors would like to place on record their gratitude to the shareholders, Bankers, customers, suppliers,
various government and local authorities and workers and employees for their assistance and support provided to the company during the
year.
FOR AND ON BEHALF OF THE BOARD
PLACE : MUMBAI ( Mitul Sanghavi ) (Pratik Sanghavi)

DATED : 22 nd October 2021 . Director Director
Annexure II
(A) Conservation of energy -
The operations of the Company are not energy intensive and require normal consumption of electricity. However, wherever possible the
Company strives to curtail the consumption of energy on continued basis and taking every necessary step to reduce the consumption of
energy.
(B) Technology absorption-

The company uses latest state of art technology. No expenditure has been incurred by the Company on research and Development activities
during the year under review.
(C) Foreign exchange earnings and Outgo-

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual
6
outflows.
Earnings
Particulars Current Year Rs. Previous Year Rs.
FOB cost of Export of materials 451451435 471868771
Freight Recovered on sales 21571379 16382985
Total 473022814 488251556
Outgoes
Particulars Current Year Rs. Previous Year Rs.
CIF Value of Import of Raw Material 659209328 862678602
CIF Value of trading Goods 815005417 1451091328
Travelling Expenses NI 1633292
Interest and Finance Charges 43772995 66690683
Commission 471861 885719
Total 1518459601 2382979624
Annexure III
PARTICULARS OF EMPLOYEES : Particulars of employees as required under Section 297 of the companies Act, 1956 read with the
companies (Particulars of employees) Rules are as under:
Name Mr. Kamlesh Sanghvi Mr. Mitul Sanghvi Mr. Pratik Sanghvi
Designation/Nature of Duties Managing Director Whole Time Director Whole Time Director
Remuneration Rs. 3,60,00,000/- 3,60,00,000/- 3,60,00,000/-
Qualifications B. Sc. Chemical Engineer BBA
Age 68 39 37
Experience 37 years 16 years 14 years
7
Date of Employment 08-04-1993
Last Employment Self Employed. Self Employed Self Employed
Relation with other Director Father/Husband Son/Brother Son/Brother
Annexure
THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT
A brief outline of the Company’s CSR Policy, including the overview of Projects or Programs proposed to be undertaken by the CSR Policy
and Projects or Programs :
The Company has framed a CSR Policy in accordance with the provisions of the Section 135, Schedule VII of the Companies Act, 2013 and
Companies (Corporate Social Responsibility Policy) Rules, 2014 (as amended from time to time).
The Composition of the CSR Committee :

The Composition of CSR Committee is as under:
Mr. Kamlesh R Sanghavi CMD

Ms. Daksha K Sanghavi Director
Mr. Mitul K Sanghavi Director
Mr. Pratik K Sanghavi Director
3. Average Profit Before Tax of the Company for the last three years :
Rs. 3,37,26,297 /-
4. Prescribed CSR Expenditure (Two percent of the amount as in item 3 above) :

Rs. 67,45,259/-
5. Details of CSR Spent during the financial year (2020-21) :

(a) Total amount to be spent for the financial year : Rs. 67,50,000/-
(b) Amount unspent, if any : NIL
(c) Manner in which the amount spent during the financial year is detailed below
Projects or
Amount
programs (1) Amount spent on the
outlay (budget) Cumulative Amount spent:
Local area or projects or programs
project or expenditure Direct or
Sector in other Sub-heads: (1) Direct
CSR project programs wise upto the through
S. which (2) Specify the expenditure on
or activity reporting implementing
No Project is State and the projects or programs.
identified period agency
covered district where (2) Overheads:
projects or
(Rs.) (Rs.)
programs was (Rs.)
(Rs.)
undertaken
ensuring Other Shree

vi of Sch.
1. environmental Sjurat NA 30,00,000/- 30,00,000/- SumatiJeevRaksha
7
sustainability Gujarat Kendra
ensuring Other
vi of Sch. K P Sanghvi
2. environmental Sjurat NA 30,00,,000/- 30,00,,000/-
7 Charitable Trust
sustainability Gujarat
ensuring
3 environmental All India NA 7,50,000/- 7,50,000/- P M Care
sustainability
6 . Reasons for not spending the prescribed amount: Not Applicable
7 . The CSR Committee states that the implementation and monitoring of CSR Policy, is in compliance with CSR Objectives and Policy of
8
the Company.
Managing Director Chair person CSR Committee
Annexure -
FORM NO. AOC -2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.
Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of
section 188 of the Companies Act, 2013 including certain arms length transaction under third proviso thereto.
Details of contracts or arrangements or transactions at Arm’s length basis.
SL. No. Particulars Details
Name (s) of the related party & Authentic Petro Products

Crest Chemicals Mrs. Daksha Sanghavi
nature of relationship LLP
Nature of contracts/ Purchase/sales of material /

Rent Rent
arrangements /transaction Rent
Unlimited. As arrangement As arrangement was Unlimited. As arrangement

Duration of the contracts/
was made u/s. 297/299 of the made u/s. 297/299 of the was made u/s. 297/299 of the
arrangements/transaction
Companies Act 1956. Companies Act 1956. Companies Act 1956.
Salient terms of the contracts or

arrangements or transaction Mutually Agreed terms Mutually Agreed terms Mutually Agreed terms
including the value, if any
Date of approval by the Board
Amount paid as advances, if any NIL NIL NIL
9
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure III
Form No.MGT – 9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31-03-2021
[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 : U24110MH1993PTC071527
ii. Registration Date 08-04-1993
iii. Name of the Company :AKRY ORGANICS PRIVATE LIMITED
iv. Category / Sub – Category of the Company Non Government Indian Company having
share capital
v. Address of the Registered office and contact details A-318, Ahura Centre, Mahakali
Caves Road, Andheri (East), Mumbai-400093
Phone: 022 30863351 Fax 022 30863350
E mail Id dilipmehta@akry.in, Webwww.akry.in
vi. Whether listed company Yes /No. NO
vii Name, Address and Contact details of Registrar and Transfer Agent, if any N.A.
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 :
NIC Code of the % to total turnover of the

Sr.no. Name and description of main products/services
product/service company
Manufacture of organic and inorganic chemical

1 20119 100
compounds n.e.c.
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
APPLICABLE
NAME AND ADDRESS OF THE HOLDING/ % OF SHARES
Sr.No. CIN/GLN
COMPANY SUBSIDIARY/ASSOCIATE HELD
SECTION
NOT APPLICABLE
IV. SHARE HOLDING PATTERN (Equity share capital breakup as percentage of Total Equity)
i. Category-wise share holding .
Category of No. shares held at the beginning of the No. of shares held at the end of the % change during the
shareholders year year year.
% of % of
Demat Physical Total totals Demat Physical Total total
hares shares
A. Promoters
(I) Indian
a) Individual/ Nil Nil
280000 280000 100% 280000 280000 100% NIL
HUF
b) Central Govt.
10
c) State Govt (s)

d) Bodies Corp.
e) Banks / FI
f) Any other
sub – total (A) (1)
(2) Foreign
a) NRIs – NIL 280000 100% NIL 280000 100%
Individuals 280000 280000 NIL
b) Other –
Individuals
c) Bodies Corp.
NIL NIL NIL NIL NIL NIL
NIL NIL NIL
11
d) Banks / FI NIL
e) Any other … NIL NIL NIL NIL NIL NIL
Sub – total (A) (2) NIL NIL
Total shareholding of Promoter (A) = (A) (1) + (A) 280000 280000

NIL 280000 100% NIL 280000 100% NIL
(2)
NIL
NIL NIL NIL NIL NIL NIL NIL NIL
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
NIL
capital Funds
i) Others (specify)
sub – total (B) (1)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
2) Non – Institutions
a) Bodies Corp.
i) Indian
ii) Overseas
iii) Individuals
i) Individual shareholders holding nominal share

capital upto Rs.1 lakh
Ii) individual shareholders holding nomial share
capital in excess of Rs.1 lakh
c) Others (specify)
sub – total (B) (2)
Total Public shareholding

(B) = (B) (1) + (B) (2)

NIL
NIL
C. shares held by custodian for GDRs & ADRs NIL NIL NIL NIL NIL NIL NIL NIL NIL
Grand Total 280000 280000

NIL 280000 100% NIL 280000 100% NIL
(A + B + C)
12
(ii) Shareholding of Promoters
Sr.no. Shareholder’s name Shareholding at the beginning of the year Share holding at the end of the year
% of shares
%of total pledged/ % of total % of shares pledged/ % change in share
No. of No. of
shares of the encumbered shares of the encumbered to totals holding during the
shares shares
company to total company hares year
shares
Mr.
1 Kamlesh 120000 42.86 NIL 120000 42.86 NIL NIL
Sanghavi
Mrs.
2 Daksha 110000 39.28 NIL 110000 39.28 NIL NIL
Sanghavi
Mr. Mitul
3 25000 8.93 NIL 25000 8.93 NIL NIL
Sanghavi
Mr. Pratik
4 25000 8.93 NIL 25000 8.93 NIL NIL
Sanghavi
Total 280000 100 NIL 280000 100 NIL NIL
(iii) Change in Promoters’ shareholding (please specify, if there is no change)
Sr.no. Shareholding at the beginning of the year Cumulative shareholding during the year
% of total
No. of
shares of the
shares
company
At the beginning of the year
Date wise increase/ decrease in promoters share holding during the year specifying the NO
reasons for increase / decrease (e.g.) allotment/transfer/ bonus/sweat equity etc) CHANGE
At the end of the year
(iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs)
Sr.no. Shareholding at the beginning of the year Cumulative shareholding during the year
13
For each of the top 10 shareholders No. of % of total shares

shares of the company
N. N.
At the beginning of the year N. A. N. A.
A. A.
Date wise increase/ decrease in share holding during the year specifying the reasons for N. N.
N. A. N. A.
increase/ decrease / (e.g. allotment / transfer / bonus / swear equity etc) A. A.
N. N.
At the end of the year (or no the date of separation, if separated during the year) N. A. N. A.
A. A.
(v) Shareholding of Directors and Key Managerial Personnel:
Shareholding of each Directors and each Key Shareholding at the Cumulative Shareholding
Date Reason
Managerial Personnel beginning of the year during the year
% of total No. of
No. of shares % of total shares
shares shares
Mr. Kamlesh Sanghavi
At the beginning of the year 120000 42.86% 120000 42.86%
Changes during the year NIL NIL
At the end of the year 120000 42.86% 120000 42.86%
Mrs. Daksha Sanghavi
Mr. Mitul Sanghavi
14
Mr. Pratik Sanghavi
V.INDEBTENESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured loans excluding Unsecured Total

Deposits
deposits loans indebtedness
Indebtedness at the beginning of the financial

year
i) Principal Amount
ii) Interest due but not paid 51318437
1629220497 Nil 1680538934
iii) Interest accrued but not due
Total (i + ii + iii) 1629220497 51318437 Nil 1680538934
Change in indebtedness during the financial

year
Addition
NIL 45545272 Nil 45545272
Reduction
-595059689 NIL Nil -595059689
Net Change -595059689 45545272 Nil -549514417
Indebtedness at the end of the financial year

i) Principal amount
ii) Interest due but not paid
iii) Interest accrued but not due 1034160808 96863709 Nil 1131024517
Total (I + ii + iii) 1034160808 96863709 NIL 1131024517
VI RMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole time Directors and /or Manager :
Sr.no. Particulars of Remuneration Name of MD/WTD/ Manager Total amount
Mr. Kamlesh Mr Mitul Mr Pratik

Sanghavi Sanghavi Sanghavi
15
Gross salary
Salary as per provisions contained in section 17(1) of the
Income tax Act, 1961 108000000
1.
Value of perquisites u/s 17(2) Income – tax Act, 1961 36000000
36000000 36000000
Profits in lieu of salary under section 17(3) Income tax Act, NIL
1961
2. Stock option
3. Sweat equity
Commission
4. = As % of profit
- Others, specify …% of sales
5. Others, please specify - Bonus
Total (A) 36000000 36000000 36000000 108000000
Ceiling as per the Act Not Applicable
B. Remuneration to others Directors :
Sr.no. Particulars of Remuneration Name of Directors Total amount
------ ---- ------- -----
3. Independent Directors
* Fee for attending board/committee meetings
NIL
* Commission
* Others, please specify
Total (1) NIL
4. Other Non – executive Directors

* Fee for attending board/committee meetings
NIL
* Commission
* Others, please specify
Total (2) NIL
Total (B) = (1 + 2) NIL
Total Managerial Remuneration
Overall ceiling as per the act Not Applicable
16
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/ MANAGER /WTD
Sr.no. Particulars of Remuneration KEY Managerial Personnel
CEO Company Secretary CFO Total
Gross salary
(a) salary as per provisions contained in section 17(1) of the Income tax Act, 1961
1. NIL
(b) Value of perquisite u/s 17(2) Income tax Act, 1961
(c ) Profits in lieu of salary under section 17(3) Income – tax Act, 1961
2. Stock Option NIL
3. Sweat equity NIL
Commission
4. As % of profit NIL
Others, specify …
5. Others, please specify NIL
Total NIL
VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:
Authority
Section of the Brief Details of Penalty/ Punishment/ Appeal made, if any
Type (RD/NCLT/
companies Act description Compounding fees imposed (give details)
COURT)
Penalty N. A. N. A. N. A. N. A. N. A.
Punishment N. A. N. A. N. A. N. A. N. A.
Compounding N. A. N. A. N. A. N. A. N. A.
C. OTHER OFFICERS IN DEFAULT
Penalty N. A. N. A. N. A. N. A. N. A.
Punishment N. A. N. A. N. A. N. A. N. A.
Compounding N. A. N. A. N. A. N. A. N. A.
17
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
MRM and
Name of audit firm Associates
MAHESHWARI
Name of auditor signing report MRADULA R
Firms registration number of audit firm 126426W
Membership number of auditor 119412
C-401, Sahyadi
CHS Ltd.,
Address of auditors Devipada, Borivali
East,
Mumbai-400066
Permanent account number of auditor or auditor's firm ALXPM4083D
SRN of form ADT-1 R06262505
Date of signing audit report by auditors 22/10/2021
Date of signing of balance sheet by auditors 22/10/2021
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]
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
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]
As stated in the
Disclosure in auditors report relating to fixed assets Auditors Report.
As stated in the
Disclosure in auditors report relating to inventories Auditors Report.
As stated in the
Disclosure in auditors report relating to loans Auditors Report.
Disclosure in auditors report relating to compliance with Section 185 and 186 of As stated in the
Companies Act, 2013 Auditors Report.
As stated in the
Disclosure in auditors report relating to deposits accepted Auditors Report.
As stated in the
Disclosure in auditors report relating to maintenance of cost records Auditors Report.
Disclosure in auditors report relating to statutory dues [TextBlock] Data Entered
As stated in the
Disclosure in auditors report relating to default in repayment of financial dues Auditors Report.
Disclosure in auditors report relating to public offer and term loans used for As stated in the
purpose for which those were raised Auditors Report.
Disclosure in auditors report relating to fraud by the company or on the As stated in the
company by its officers or its employees reported during period Auditors Report.
As stated in the
Disclosure in auditors report relating to managerial remuneration Auditors Report.
As stated in the
Disclosure in auditors report relating to Nidhi Company Auditors Report.
As stated in the
Disclosure in auditors report relating to transactions with related parties Auditors Report.
Disclosure in auditors report relating to preferential allotment or private As stated in the
placement of shares or convertible debentures Auditors Report.
Disclosure in auditors report relating to non-cash transactions with directors As stated in the
or persons connected with him Auditors Report.
Disclosure in auditors report relating to registration under section 45-IA of As stated in the
Reserve Bank of India Act, 1934 Auditors Report.
18

01/04/2020
to
31/03/2021
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
19
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To the Members of Akry Organics Private Limited
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying Financial Statements of Akry Organics Private Limited (“the Company”), which comprises the Balance
Sheet as at March 31, 2021, the Statement of Profit and Loss, the Statement of changes in Equity and the Statement of Cash Flows for the
year ended on that date and a summary of significant accounting policies and other explanatory information.
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 Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the
Accounting Standards prescribe under section 133 of the Act read with the Companies (Accounting Standards) Rules, 2015, as amended,
(“AS”) and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2021, the profit,
changes in equity and its cash flows for the year ended on that date.
Basis for Opinion

We conducted our audit of the Financial Statements in accordance with the Standards on Auditing specified under section 143(10) of the Act
(SAs). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial
Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our audit of the financial statements
under the provisions of the Act and the Rules made there under, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the ICAI’s Code of Ethics. 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.
Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significant in our audit of the Financial Statements of the
current period. These matters were addressed in the context of our audit of the financial statement as a whole, and in forming our opinion
thereon, and we do not provide a separate opinion on these matters. In the audit of the current period, we do not have observed any key audit
matters required to be reported separately.
Information Other than the Financial Statements and Auditor’s Report Thereon
The Company’s management and Board of Directors are responsible for the other information. The other information comprises the
information included in the Company’s annual report, but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to
report that fact. We have nothing to report in this regard.
Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these
financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified under
section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding of 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.
In preparing the Financial Statements, management is responsible for assessing the Company’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends
to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
20
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit.
We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal
financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as
a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the Financial Statements that, individually or in aggregate, makes it probable that the
economic decisions of a reasonably knowledgeable user of the Financial Statements may be influenced. We consider quantitative materiality
and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of
any identified misstatements in the Financial Statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit
of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report
unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter
should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the
public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor’s Report) Order, 2016 (the ‘Order’) issued by the Central Government in terms of section 143 (11) of
the Act, we give in the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
As required by Section 143(3) of the Act, we report that:

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.
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.
The balance sheet, the statement of profit and loss and the statement of cash flows dealt with by this Report are in agreement with the books
of account.
In our opinion, the aforesaid financial statements comply with the AS specified under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules,2014
On the basis of the written representations received from the directors as on 31 March 2021 taken on record by the Board of Directors, none
of the directors is disqualified as on 31 March 2021 from being appointed as a director in terms of Section 164(2) of the Act.
With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating
effectiveness of such controls, refer to our separate Report in “Annexure B”. Our report expresses an unmodified opinion on the adequacy
and operating effectiveness of the Company’s internal financial controls with reference to financial statements.
With respect to the other matters to be included in the Auditors’ 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:
The Company does not have any pending litigations which would impact its financial position;
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; and
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company;
FOR MRM & ASSOCIATES

CHARTERED ACCOUNTANTS
FIRM REG. NO. 126426W
21
(MRADULA R. MAHESHWARI)
PROPRIETOR
M.NO. 119412
ICAI UDIN: 21119412AAAAAU3464
PLACE: MUMBAI
DATED: 22 nd October 2021 :
ANNEXURE A TO INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF AKRY
ORGANICS PRIVATE LIMITED
Referred to in paragraph 1 under the head in “Report on Other Legal and Regulatory Requirements” of our report of even date on standalone
financial statements of the Company for the year ended 31 ST March 2021
In respect of its Fixed Assets

The Company should update Fixed Assets Register, so as to show item-wise details along with its cost and written down values.
The Company has a regular program of physical verification of Fixed Assets which in our opinion is reasonable having regard to the size of
company and the nature of the business. In accordance with this program certain Fixed Assets were physically verified by the Management
during the year and we are informed that no material discrepancies have been noticed on such verification.
There was no substantial disposal of Fixed Assets during the year.
In respect of its inventories

As explained to us, the inventories have been physically verified during the year by the management.
In our opinion and according to the information and explanations given to us, the procedures of physical verification of Inventory followed
by the Management are reasonable and adequate in relation to the size of the company and the nature of its business.
On the basis of our examination of the records of inventory, in our opinion the company is maintaining proper records of inventories and no
material discrepancies were noticed on physical verification.
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 Act. Accordingly, the provisions of clause 3(iii) of the Order are not applicable to the
Company.
The Company has not granted any loans or provided any guarantees or securities to parties covered under Section 185 of the Companies Act
2013. The company has complied with the provisions of Section 186 of the Companies Act 2013 in respect of investments made, loans and
advances given, guarantees and securities provided to parties covered under Section 186.
The Company has not accepted any public deposits within the meaning of sections 73 to 76 of Companies Act, 2013 and rules framed there
under;
We have broadly reviewed the books of account maintained by the company pursuant to the Rules made by Central Government for
maintenance of cost records under Section 148(1) of the Companies Act, 2013, related to the manufacture of the products of the Company.
We are of the opinion that prima facie the prescribed accounts and records have been maintained. We have not, however, made a detailed
examination of the records with a view to determining whether they are accurate or complete
a) According to the information and explanations given to us and the records of the
company examined by us, in our opinion, the Company is generally regular in depositing undisputed statutory dues including Provident
Fund, Investors Education and Protection Fund, Employees State Insurance, Income Tax, GST, Custom Duty and any other statutory dues as
applicable with the appropriate authorities as applicable, except delay in few cases. There are no arrears of outstanding statutory dues as at
the last day of the financial year for a period of more than six month from the dates those became payable.
According to the information and explanations given to us, there are no dues of provident fund, employees’ state insurance, income tax, GST,
Custom Duty and other material statutory dues which have not been deposited on account of any dispute.
According to the information and explanations given to us and based on the documents and records produced to us, the Company has not
defaulted in repayment of dues to banks. The Company does not have dues to financial institutions or debenture holders.
According to the information and explanations given by the management, the Company has not raised any money by way of initial public
offer or further public offer (including debt instruments) and term loans received during the year were applied for the purpose for which the
loans were raised.
Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to the
information and explanations given by the management, we report that no fraud by the company or on the Company by the officers and
employees of the Company has been noticed or reported during the year.
According to the information and explanations given by the management, the provisions of section 197 read with Schedule V of the Act is
not applicable to the Company and hence reporting under clause 3(xi) are not applicable and hence not commented upon.
In our opinion, the Company is not a nidhi Company. Therefore, the provisions of clause 3 (xii) of the order are not applicable to the
Company and hence not commented upon.
According to the information and explanations given by the management, transactions with the related parties are in compliance with section
177 and 188 of Companies Act, 2013 and the details have been disclosed in the Financial Statements, as required by the applicable
accounting standards.
22
According to the information and explanations given to us and on an overall examination of the balance sheet, the company has not made any
preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Accordingly, the
provisions of clause 3 (xiv) of the Order are not applicable to the Company and hence not commented upon.
According to the information and explanations given by the management , the company has not entered into any non-cash transactions with
directors or persons connected with him as referred to in Section 192 of the Companies Act, 2013
According to the information and explanations given to us, the provisions of section 45-IA of the Reserve Bank of India Act, 1934 are not
applicable to the Company

PROPRIETOR
M.NO. 119412
PLACE: MUMBAI
ANNEXURE B TO INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF AKRY
ORGANICS PRIVATE LIMITED
Report on the internal financial controls with reference to the aforesaid financial statements under Clause (i) of Sub-section 3 of Section 143
of the Companies Act, 2013
(Referred to in paragraph (f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)
We have audited the internal financial controls over financial reporting of Akry Organics Private Limited (“the Company”) as of March 31,
2021 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.
Auditors’ 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”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the
extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the
Institute of Chartered Accountants of India. 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 with reference to financial statements
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 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
23
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, 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 March 31, 2021, 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.

PROPRIETOR
M.NO. 119412
PLACE: MUMBAI
[400500] Disclosures - Secretarial audit report
Details of signatories of secretarial audit report [Table] ..(1)

Signatories of secretarial audit report [Axis] 1
01/04/2020
to
31/03/2021
Details of signatories of secretarial audit report [Abstract]
Details of signatories of secretarial audit report [LineItems]
Secretarial auditors
Category of secretarial auditor firm
Name of secretarial audit firm N. Bafna & Co.
Bafna Nandlal
Name of secretarial auditor signing report Banechand
Firms registration number of secretarial audit firm 1154
Membership number of secretarial auditor 2185
Certificate of practice number of secretarial auditor 1154
C-47, Niranjan,
Gandhi Chowk, M.
Address of secretarial auditors G. Roadm Dombivli
West-4212020
Permanent account number of secretarial auditor or secretarial auditors firm AACPB2940E
Date of signing secretarial audit report 10/11/2021

01/04/2020
to
31/03/2021
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company Yes
Whether secretarial audit report has been qualified or has any
No
observation or other remarks
24
[100100] Balance sheet

31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 28,00,000 28,00,000
Reserves and surplus 246,08,12,217 210,92,32,807
Total shareholders' funds 246,36,12,217 211,20,32,807
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 32,19,71,854 40,47,10,826
Deferred tax liabilities (net) 4,85,19,869 2,44,10,276
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 37,04,91,723 42,91,21,102
Current liabilities [Abstract]
Short-term borrowings 80,90,52,663 127,58,28,108
Trade payables 67,60,67,665 44,98,19,850
Other current liabilities 17,30,66,228 25,80,23,843
Short-term provisions 50,09,279 91,37,054
Total current liabilities 166,31,95,835 199,28,08,855
Total equity and liabilities 449,72,99,775 453,39,62,764
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 84,37,17,555 53,54,11,641 58,80,66,180
Intangible assets 73,334 76,100 1,00,098
Tangible assets capital work-in-progress 1,25,81,969 38,60,76,539
Total fixed assets 85,63,72,858 92,15,64,280
Non-current investments 51,01,116 51,01,116
Long-term loans and advances 96,11,667 99,06,891
Total non-current assets 87,10,85,641 93,65,72,287
Current assets [Abstract]
Current investments 1,94,49,553 0
Inventories 207,63,42,945 214,34,66,805
Trade receivables 133,46,47,859 125,53,78,095
Cash and bank balances 2,94,30,097 3,89,32,337
Short-term loans and advances 16,62,07,770 15,94,82,270
Other current assets 1,35,910 1,30,970
Total current assets 362,62,14,134 359,73,90,477
Total assets 449,72,99,775 453,39,62,764
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
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]
MITUL PRATIK
First name of director KAMLESH KAMLESH
SANGHAVI SANGHAVI
Whole Time Whole Time
Designation of director Director Director
Director identification number of director 01095282 01095287
Date of signing of financial statements by director 22/10/2021 22/10/2021
25
[100400] Cash flow statement, indirect

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
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 51,56,89,003 16,65,76,163
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 6,85,26,852 8,54,66,973
Adjustments for depreciation and amortisation expense 9,04,12,365 5,48,21,738
Adjustments for share-based payments 25,71,07,154 -31,78,093
Other adjustments for which cash effects are investing or
5,138 40,895
financing cash flow
Other adjustments to reconcile profit (loss) -1,59,373 -8,94,604
Total adjustments to profit (loss) 41,58,92,136 13,62,56,909
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 6,71,23,860 -21,89,94,892
Adjustments for decrease (increase) in trade receivables -7,92,69,765 -26,98,35,480
Adjustments for decrease (increase) in other current assets 64,30,276 6,58,28,510
Adjustments for increase (decrease) in trade payables 22,62,47,815 -4,22,16,240
Adjustments for increase (decrease) in other current liabilities -8,49,51,616 9,23,24,563
Adjustments for provisions 3,97,158 1,62,911
Total adjustments for working capital 13,59,77,728 -37,27,30,628
Total adjustments for reconcile profit (loss) 55,18,69,864 -23,64,73,719
Net cash flows from (used in) operations 106,75,58,867 -6,98,97,556
Income taxes paid (refund) 0 -4,87,82,155
Net cash flows from (used in) operating activities before extraordinary
106,75,58,867 -2,11,15,401
items
Net cash flows from (used in) operating activities 106,75,58,867 -2,11,15,401
Cash flows from used in investing activities [Abstract]
Other cash receipts from sales of equity or debt instruments of other
76,52,463 32,17,779
entities
Other cash payments to acquire equity or debt instruments of other
0 96,60,247
entities
Proceeds from sales of tangible assets 2,00,000 0
Purchase of intangible assets -1,26,79,601 -12,01,53,389
Dividends received 0 14,42,203
Other inflows (outflows) of cash 0 -40,895
Net cash flows from (used in) investing activities before extraordinary
2,05,32,064 11,51,12,229
items
Net cash flows from (used in) investing activities 2,05,32,064 11,51,12,229
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 0 19,32,14,039
Repayments of borrowings 54,95,14,416 0
Interest paid 6,85,26,852 -8,54,66,973
Net cash flows from (used in) financing activities before extraordinary
-61,80,41,268 27,86,81,012
items
Net cash flows from (used in) financing activities -61,80,41,268 27,86,81,012
Net increase (decrease) in cash and cash equivalents before effect of
47,00,49,663 37,26,77,840
exchange rate changes
Net increase (decrease) in cash and cash equivalents 47,00,49,663 37,26,77,840
Cash and cash equivalents cash flow statement at end of period 2,94,30,097 3,89,32,337 15,57,39,037
26
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 7,50,000 [shares] 7,50,000 [shares] 7,00,000
Value of shares authorised 70,00,000 75,00,000 70,00,000
Number of shares issued [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares issued 28,00,000 28,00,000 28,00,000
Number of shares subscribed and fully paid [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares subscribed and fully paid 28,00,000 28,00,000 28,00,000
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
Total number of shares subscribed [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Total value of shares subscribed 28,00,000 28,00,000 28,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares called 28,00,000 28,00,000 28,00,000
Value of shares paid-up 28,00,000 28,00,000 28,00,000
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 allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
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 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
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 28,00,000 28,00,000 28,00,000
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]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
27

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Type of share ESquity Equity
Number of shares authorised [shares] 7,00,000 [shares] 7,00,000 [shares] 7,00,000
Value of shares authorised 70,00,000 70,00,000 70,00,000
Number of shares issued [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares issued 28,00,000 28,00,000 28,00,000
Number of shares subscribed and fully paid [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares subscribed and fully paid 28,00,000 28,00,000 28,00,000
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
Total number of shares subscribed [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Total value of shares subscribed 28,00,000 28,00,000 28,00,000
Number of shares paid-up [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
Value of shares called 28,00,000 28,00,000 28,00,000
Value of shares paid-up 28,00,000 28,00,000 28,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 10 [INR/shares] 10
called
[Abstract]
[Abstract]
[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
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000 [shares] 2,80,000
[Abstract]
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
contracts without payment 0 0 0
0 0 0
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 28,00,000 28,00,000 28,00,000 28,00,000
allotment of securities and due for refund 0 0 0
28

Equity shares 1
Classes of share capital [Axis] Preference shares [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Number of shares authorised [shares] 50,000 [shares] 50,000
Value of shares authorised 0 5,00,000
Number of shares issued [shares] 0 [shares] 0
Value of shares issued 0 0
Number of shares subscribed and fully paid [shares] 0 [shares] 0
Value of shares subscribed and fully paid 0 0
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 0 [shares] 0
Total value of shares subscribed 0 0
Number of shares paid-up [shares] 0 [shares] 0
Value of shares called 0 0
Value of shares paid-up 0 0
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
contracts without payment received [shares] 0 [shares] 0
in cash
[shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 2,80,000 [shares] 0 [shares] 0 [shares] 0
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 28,00,000 0 0 0
allotment of securities and due for refund 0 0
29

Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Type of share Prefence Preferemnce
Number of shares authorised [shares] 50,000 [shares] 50,000
Value of shares authorised 0 5,00,000
Number of shares issued [shares] 0 [shares] 0
Value of shares issued 0 0
Number of shares subscribed and fully paid [shares] 0 [shares] 0
Value of shares subscribed and fully paid 0 0
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 0 [shares] 0
Total value of shares subscribed 0 0
Number of shares paid-up [shares] 0 [shares] 0
Value of shares called 0 0
Value of shares paid-up 0 0
Par value per share [INR/shares] 0 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
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
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares allotted for contracts without payment
received in cash
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 0 [shares] 0 [shares] 0
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of issue allotted for contracts without payment
0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 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]
Total application money received for allotment of
securities and due for refund and interest accrued 0 0
thereon
30
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] Shareholder 2 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
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 Equity Equity Equity
KAMLESH KAMLESH DAKSHA DAKSHA
Name of shareholder SANGHAVI SANGHAVI SANGHAVI SANGHAVI
PAN of shareholder AAFPS9315P AAFPS9315P AAFPS9314P AAFPS9314P
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 1,20,000 [shares] 1,20,000 [shares] 1,10,000 [shares] 1,10,000
Percentage of shareholding in company 43.00% 43.00% 39.00% 39.00%
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
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 Equity Equity Equity
MITUL PRATIK PRATIK
Name of shareholder SANGHAVI
MITUL SANGHAVI
SANGHAVI SANGHAVI
PAN of shareholder AKJPS2266F AKJPS2266F ARCPS5470M ARCPS5470M
shareholder
Number of shares held in company [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of shareholding in company 9.00% 9.00% 9.00% 9.00%
Classes of share capital [Axis] Preference shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
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 Preference Preference
DAKSHA DAKSHA
Name of shareholder SANGHAVI SANGHAVI
PAN of shareholder AAFPS9314P AAFPS9314P
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 0 [shares] 0
Percentage of shareholding in company 0.00% 0.00%

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
31
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Capital
Components of reserves [Axis] Reserves [Member] redemption
reserves [Member]
01/04/2020 01/04/2019 01/04/2020
to to 31/03/2019 to
31/03/2021 31/03/2020 31/03/2021
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 35,15,79,410 11,54,36,193 0
Other additions to reserves 0 0 0
Total additions to reserves 35,15,79,410 11,54,36,193 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 35,15,79,410 11,54,36,193 0
Reserves at end of period 246,08,12,217 210,92,32,807 199,42,96,614 5,00,000

Components of reserves [Axis] Capital redemption reserves [Member] Other reserves [Member]
01/04/2019 01/04/2020 01/04/2019
to 31/03/2019 to to
31/03/2020 31/03/2021 31/03/2020
Profit (loss) for period 0 0 0
Other additions to reserves 0 0 0
Total additions to reserves 0 0 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
0 0 0
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 5,00,000 5,00,000 40,74,223 40,74,223
32

Other reserves
Components of reserves [Axis] General reserve [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Profit (loss) for period 0 0
Other additions to reserves 0 0
Total additions to reserves 0 0
Other appropriations 0 0
Transfer to general reserve 0 0
0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 0 0
Reserves at end of period 40,74,223 40,74,223 40,74,223 40,74,223

Components of reserves [Axis] Surplus [Member]
01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Profit (loss) for period 35,15,79,410 11,54,36,193
Other additions to reserves 0 0
Total additions to reserves 35,15,79,410 11,54,36,193
Appropriations for dividend, dividend tax and general reserve
[Abstract]
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend, dividend tax and general
0 0
reserve
Appropriation towards bonus shares 0 0
Total changes in reserves 35,15,79,410 11,54,36,193
Reserves at end of period 245,62,37,994 210,46,58,584 198,97,22,391
33
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2020 01/04/2019
to to 31/03/2021 31/03/2020
31/03/2021 31/03/2020
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 22,51,08,145 35,33,90,625 9,68,63,709 5,13,20,201
Nature of security [Abstract]
Nature of security
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 22,51,08,145 35,33,90,625 22,51,08,145 35,33,90,625
Nature of security
0 0 0 0
principal
0 0 0 0
interest
34

Foreign currency term loans from
Classification of borrowings [Axis] Deferred payment liabilities [Member]
banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2020 01/04/2019
to to 31/03/2021 31/03/2020
31/03/2021 31/03/2020
Borrowings 22,51,08,145 35,33,90,625 0 9,42,958
Hypo. of Plant & Hypo. of Plant &
Machinery. charge Machinery. charge on
Nature of security on movable & m o v a b l e &
immovable fixed immovable fixed
assets. assets.
Details of personal security given by
promoters, other shareholders or other
personal guarantee personal guarantee of
third parties, though such security does of two directors two directors
not result in classification of borrowings
as secured
0 0 0 0
principal
0 0 0 0
interest

Loans and advances from related
Classification of borrowings [Axis] Deferred sales tax loan [Member]
parties [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 0 9,42,958 9,68,63,709 5,03,77,243
0 0 0 0
principal
0 0 0 0
interest

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans and advances from directors
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2019
31/03/2021 31/03/2020 to to
31/03/2021 31/03/2020
Borrowings 9,68,63,709 5,03,77,243 80,90,52,663 127,58,28,108
Nature of security
0 0 0 0
principal
0 0 0 0
interest
35

Classification based on time period [Axis] Short-term [Member]
Loans repayable on demand from
Classification of borrowings [Axis] Loans repayable on demand [Member]
banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 80,90,52,663 127,58,28,108 80,90,52,663 127,58,28,108
Pari passu charge
Pari passu charge on
on movable fixed
movable fixed assets
assets Current
Current Asset, book
Nature of security Asset, book debts,
debts, 2nd charge on
2nd charge on Plot
Plot No. N20, 21
No. N20, 21 MIDC
MIDC Tarapur
Tarapur
Details of personal security given by
promoters, other shareholders or other
Personal gurantee Personal gurantee of
third parties, though such security does of two directors. two directors.
not result in classification of borrowings
as secured
0 0 0 0
principal
0 0 0 0
interest
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Owned and leased assets Assets held under lease
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Depreciation method tangible assets WDV WDV SLM SLM
Useful lives or depreciation rates
13.91 13.91 1/95 1/95
tangible assets

Classes of tangible assets [Axis] Buildings [Member] Residential building [Member] Factory building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Depreciation method tangible assets WDV WDV WDV WDV
5 5 10 10
tangible assets
36

Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member] Factory equipments [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
13.91 13.91 18.10 18.10
tangible assets

Computer equipments
Classes of tangible assets [Axis] Vehicles [Member] Motor vehicles [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
25.89 25.89 40 40
tangible assets
37
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
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 39,87,56,140 26,90,799 39,87,56,140 26,90,799
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -9,04,09,599 -5,47,97,740
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,
40,627 5,47,598 1,35,205 42,17,833
others
Total disposals tangible
40,627 5,47,598 1,35,205 42,17,833
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
30,83,05,914 -5,26,54,539 39,86,20,935 -15,27,034
assets
Tangible assets at end of period 84,37,17,555 53,54,11,641 58,80,66,180 154,48,73,285 114,62,52,350 114,77,79,384
38

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and Accumulated depreciation and impairment
Carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 55,000
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 9,04,09,599 5,47,97,740 -18,64,458 -18,64,433
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
through demergers
94,578 36,70,235 0 0
others
94,578 36,70,235 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
9,03,15,021 5,11,27,505 -18,64,458 -18,09,433
assets
39

Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
Gross carrying amount [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 55,000
assets
tangible assets
Depreciation tangible assets 18,64,458 18,64,433
Impairment loss
tangible assets
0 0
[Abstract]
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 55,000 18,64,458 18,64,433
assets
Tangible assets at end of period 17,71,23,537 17,71,23,537 17,70,68,537 1,26,39,395 1,07,74,937 89,10,504
40

Classes of tangible assets [Axis] Buildings [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
tangible assets
Depreciation tangible assets -37,11,405 -39,05,085
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
40,627 0 1,35,205 0
others
40,627 0 1,35,205 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-37,52,032 -39,05,085 -1,35,205 0
assets
41

Classes of tangible assets [Axis] Buildings [Member] Residential building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
tangible assets
Depreciation tangible assets 37,11,405 39,05,085 -7,422 -8,345
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
94,578 0 40,627 0
others
94,578 0 40,627 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
36,16,827 39,05,085 -48,049 -8,345
assets
Tangible assets at end of period 1,57,26,071 1,21,09,244 82,04,159 1,14,963 1,63,012 1,71,357
42

Classes of tangible assets [Axis] Residential building [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 7,422 8,345
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
1,35,205 0 94,578 0
others
1,35,205 0 94,578 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-1,35,205 0 -87,156 8,345
assets
Tangible assets at end of period 3,85,841 5,21,046 5,21,046 2,70,878 3,58,034 3,49,689
43

Classes of tangible assets [Axis] Factory building [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
tangible assets
Depreciation tangible assets -74,358 -81,304
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
-74,358 -81,304 0 0
assets
44

Classes of tangible assets [Axis] Factory building [Member] Other building [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 74,358 81,304 -36,29,625 -38,15,436
Impairment loss
tangible assets
0 0
[Abstract]
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
74,358 81,304 -36,29,625 -38,15,436
assets
Tangible assets at end of period 56,64,284 55,89,926 55,08,622 7,09,00,655 7,45,30,280 7,83,45,716
45

Classes of tangible assets [Axis] Other building [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
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 36,29,625 38,15,436
assets
Tangible assets at end of period 8,06,91,564 8,06,91,564 8,06,91,564 97,90,909 61,61,284 23,45,848
46

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 39,68,88,062 46,449 39,68,88,062 46,449
assets
tangible assets
Depreciation tangible assets -8,27,52,287 -4,64,75,219
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
31,41,35,775 -4,64,28,770 39,68,88,062 46,449
assets
47

Classes of tangible assets [Axis] Plant and equipment [Member] Factory equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 39,68,88,062 46,449
assets
tangible assets
Depreciation tangible assets 8,27,52,287 4,64,75,219 -8,27,52,287 -4,64,75,219
Impairment loss
tangible assets
0 0
[Abstract]
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
8,27,52,287 4,64,75,219 31,41,35,775 -4,64,28,770
assets
48

Classes of tangible assets [Axis] Factory equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 39,68,88,062 46,449
assets
tangible assets
Depreciation tangible assets 8,27,52,287 4,64,75,219
Impairment loss
tangible assets
0 0
[Abstract]
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
39,68,88,062 46,449 8,27,52,287 4,64,75,219
assets
49

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 14,868 3,57,278 14,868 3,57,278
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
-3,44,596 -1,05,507 14,868 3,57,278
assets
50

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 15,08,509 19,52,276
assets
tangible assets
Depreciation tangible assets 3,59,464 4,62,785 -13,71,315 -16,58,483
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 5,47,598
others
0 0 0 5,47,598
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3,59,464 4,62,785 1,37,194 -2,53,805
assets
51

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 42,17,833 0 36,70,235
others
0 42,17,833 0 36,70,235
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
15,08,509 -22,65,557 13,71,315 -20,11,752
assets
Tangible assets at end of period 1,07,25,867 92,17,358 1,14,82,915 71,98,372 58,27,057 78,38,809
52

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 15,08,509 19,52,276 15,08,509 19,52,276
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 5,47,598 0 42,17,833
others
0 5,47,598 0 42,17,833
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,37,194 -2,53,805 15,08,509 -22,65,557
assets
Tangible assets at end of period 35,27,495 33,90,301 36,44,106 1,07,25,867 92,17,358 1,14,82,915
53

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 13,71,315 16,58,483 -3,50,670 -4,31,735
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 36,70,235 0 0
others
0 36,70,235 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
13,71,315 -20,11,752 -5,969 -1,51,939
assets
54

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
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
3,44,701 2,79,796 3,50,670 4,31,735
assets
55
[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]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
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
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -2,766 -23,998
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
assets, others
Total disposals intangible
0 0 0 0
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
-2,766 -23,998 0 0
assets
Intangible assets at end of period 73,334 76,100 1,00,098 28,58,561 28,58,561 28,58,561
56

Classes of intangible assets [Axis] Company total intangible assets [Member] Goodwill [Member]
Internally generated and other than internally Internally generated intangible assets
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]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 2,766 23,998 0 0
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
2,766 23,998 0 0
assets
Intangible assets at end of period 27,85,227 27,82,461 27,58,463 0 0 0
57

Classes of intangible assets [Axis] Goodwill [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0 0
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 0 0
assets
Intangible assets at end of period 13,91,876 13,91,876 13,91,876 13,91,876 13,91,876 13,91,876
58

Classes of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets 0 0
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 0 0
assets
Intangible assets at end of period 0 0 0 13,91,876 13,91,876 13,91,876
59

Classes of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member] Computer software [Member]
Intangible assets other than internally
generated [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0 0 -2,766 -23,998
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 -2,766 -23,998
assets
Intangible assets at end of period 13,91,876 13,91,876 13,91,876 73,334 76,100 1,00,098
60

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to 31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 2,766 23,998
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 2,766 23,998
assets
Intangible assets at end of period 14,66,685 14,66,685 14,66,685 13,93,351 13,90,585 13,66,587
61
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Computer software [Member]
[Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information intangible assets
[Abstract]
Disclosure of additional information intangible
assets [LineItems]
Useful lives or amortization rates intangible
60% 60%
assets
Description of amortization method used WDV WDV
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Debenture Equity
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Investment in other Investment in other
Investments in Investments in
Type of non-current investments debentures or bonds debentures or bonds
Indian companies Indian companies
equity instruments equity instruments
Class of non-current investments Trade investments Trade investments Trade investments Trade investments
Nature of non-current investments Non Quoted Non Quoted Non Quoted Non Quoted
Non-current investments 35,62,470 35,62,470 20,000 20,000
Name of body corporate in whom investment has Tima Co-Op. Tima Co-Op. Society
Various Companies Various Companies
been made Society Ltd. Ltd.
Details of non-current investments [Table] ..(2)

Classification of non-current investments [Axis] Preference Shares
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in Investment in public
Type of non-current investments public sector sector preference
preference shares shares
Class of non-current investments Other investments Other investments
Nature of non-current investments Non Quoted Non Quoted
Non-current investments 15,18,646 15,18,646
Name of body corporate in whom investment has been made various companies various companies

31/03/2021 31/03/2020
Disclosure of notes on non-current investments explanatory [TextBlock]
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 51,01,116 51,01,116
Aggregate provision for diminution in value of non-current investments 0 0
62
[200500] Notes - Current investments
Details of current investments [Table] ..(1)

Classification of current investments [Axis] 1
01/04/2020
to
31/03/2021
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [LineItems]
Investments in
Type of current investments mutual funds
Class of current investments Current investments
Current investments 1,94,49,553
Basis of valuation of current investments At value
Various Murual
Name of body corporate in whom investment has been made Funds

31/03/2021 31/03/2020
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 1,94,49,553 0
Aggregate provision for diminution in value of current investments 0 0
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans advances given employees
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 96,11,667 99,06,891 1,05,65,057 93,66,227
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 96,11,667 99,06,891 1,05,65,057 93,66,227
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
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]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
63

Loans advances value be received
Classification of loans and advances [Axis] Advance tax [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 11,67,53,291 12,54,29,187 3,88,89,422 2,46,86,856
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 11,67,53,291 12,54,29,187 3,88,89,422 2,46,86,856
Details of loans and advances due by
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 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]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Classification of loans and advances [Axis] Other advance taxes [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 3,88,89,422 2,46,86,856
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 3,88,89,422 2,46,86,856
Balance with GST / Balance with GST /
Nature of other loans and advances Central Excise Central Excise
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
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]
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
64
Disclosure of breakup of provisions [Table] ..(1)

31/03/2021 31/03/2020
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 leave encashment 21,63,216 17,61,118
Total provisions for employee benefits 21,63,216 17,61,118
Provision for corporate tax [Abstract]
Provision for current tax 28,46,063 0
Provision for other tax 0 73,75,936
Total provision for corporate tax 28,46,063 73,75,936
CSR expenditure provision 0 0
Total provisions 50,09,279 91,37,054
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[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 133,46,47,859 125,53,78,095 133,46,47,859 125,53,78,095
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 133,46,47,859 125,53,78,095 133,46,47,859 125,53,78,095
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 207,63,42,945 214,34,66,805 187,42,58,460 201,57,29,953
Lower of cost or Lower of cost or
Mode of valuation realisable realisable
65
Classification of inventories [Table] ..(2)

Classification of inventories [Axis] Finished goods [Member] Stores and spares [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 19,38,03,536 11,88,93,329 82,80,949 88,43,523
Lower of material Lower of material
cost + labour & cost + labour & Lower of cost or Lower of cost or
Mode of valuation overheads or overheads or estimated realisable estimated realisable
estimated realisable estimated realisable

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Current maturities of long-term debt 12,03,88,096 14,41,06,190
Interest accrued but not due on borrowings 50,32,678 89,77,638
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
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Withholding taxes payable 34,52,094 26,30,475
Service tax payable 0 9,40,438
VAT payable 14,46,021 0
Taxes payable sales tax 0 14,000
Taxes payable other tax 2,36,11,683 8,13,98,204
Accrued expenses payable 3,75,261 2,80,355
Gross amount due to customers for contract work, current 63,64,973 1,44,85,117
Public deposit payable, current 0 0
Total other payables, current 3,52,50,032 9,97,48,589
Advance received from customers 1,23,95,422 51,91,426
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 17,30,66,228 25,80,23,843
Aggregate amount of trade receivables outstanding for period
4,76,53,493 3,15,06,110
exceeding six months
Fixed deposits with banks 43,06,228 42,93,916
Other balances with banks 2,47,71,333 3,44,18,919
Total balance with banks 2,90,77,561 3,87,12,835
Cash on hand 3,52,536 2,19,502
Total cash and cash equivalents 2,94,30,097 3,89,32,337
Total cash and bank balances 2,94,30,097 3,89,32,337
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Interest receivable 1,35,910 1,30,970
Total other current assets 1,35,910 1,30,970
66
[200700] Notes - Additional disclosures on balance sheet

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
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
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 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Disclosure of whether all assets and liabilities are registered with
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/
2905 2905
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/
2905 2905
service is covered under cost audit
Net worth of company 246,36,12,217 0
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of accounting policies, change in accounting policies and Textual information (4) Textual information (5)
changes in estimates explanatory [TextBlock] [See below] [See below]
67
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTE NO. 27
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS FOR THE YEAR ENDING 31 st MARCH 2021
SIGNIFICANT ACCOUNTING POLICIES:-
Basis of Preparation of Financial Statements &Method of Accounting: These financial statements have been prepared in accordance with the
generally accepted accounting principles (GAAP) in India under the historical cost convention on accrual basis. These financial statements
have been prepared to comply with all material aspects of the accounting standards specified under Section 133 of the Companies Act, 2013,
read with Rule 7 of the Companies (Accounts) Rules, 2014. Accounting policies not specifically referred to otherwise are consistent with the
generally accepted accounting principles followed by the company.
USE OF ESTIMATES: The preparation of financial statements conformity with GAAP requires estimates and assumptions to be made that
affect the reported amounts of assets and liabilities and disclosure of contingent liabilities on the date of the preparation financial statement
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and
differences between actual results and estimates are recognized in the periods in which the results are known/ materialize.
FIXED ASSETS AND CAPITAL WORK IN PROGRESS: Fixed Assets are stated at their cost (net of GST CENVAT Credit) and includes
incidental expenses and financial cost relating to acquisition of fixed assets up to the date of commercial production less accumulated
depreciation. Capital work in progress includes indirect and pre-operative expenses related or attributable to the capital work in progress and
trial run expenses incurred up to commencement of commercial production. Intangible fixed assets are recognized only if they are separately
identifiable and the Company controls the future economic benefits arising out of them. Intangible assets are stated at cost less accumulated
amortization and impairment
IMPAIRMENT OF FIXED ASSETS : In the opinion of the management no provision for impairment in the value of the fixed assts is
necessary considering excess of realisable value of such fixed assets as against its carrying amount in the books of accounts on overall basis.
DEPRECIATION :
Depreciation on other fixed assets has been provided for on the written down value method as per the useful life prescribed in Schedule II to
the Companies Act 2013. Further, depreciation is provided on pro rata basis from the month in which the asset is purchased. Depreciation has
been provided on prorate basis on the additions/ deductions made during the year.
Assets whose cost is less than Rs. 5000/- the values, therefore written off by 100%
The Lands on Lease is for 95 years and amortised over a period of lease.
FOREIGN CURRENCY TRANSACTION:

Foreign currency transactions are accounted at the exchange rates prevailing on the date of transactions. Current Assets and Current
Liabilities denominated in foreign currency are translated into Rupees at the exchange rate prevailing at the balance sheet date. The exchange
difference between the rate prevailing on the date of transaction and on the date of settlement as well as on translation of Current Assets and
Current Liabilities at the end of the year is recognized in Profit & Loss Account.
INVENTORIES:
Inventories are valued as under: -
Raw Materials- At lower of Weighted Average Cost or realisable Value.
Finished Goods- At lower of Material Cost plus appropriate Labour & Overheads or estimated realisable Value.
Stores & Spares and Packing Material – Lower of Cost of estimated realisable Value.
Trading Goods - At lower of Weighted Average Cost or realisable Value.
Notes:
While determining the cost, the Raw Material cost is assigned on the basis of average cost and the conversion cost includes all direct factory
expenses, depreciation on related assets, but excludes financial and administrative expenses.
The Closing Stock of Trading Goods, Raw Material & Stores & Spares and Packing Material are net of GST set off.
BORROWING COST: Borrowing costs attributable to the acquisition or construction of qualifying assets as defined in Accounting Standard
(AS)-16 on “Borrowing Costs” are capitilised as part of the cost of such assets up to the date when the assets is ready for its intended use.
Other borrowing costs are recognized as an expense in the year in which incurred.
INVESTMENT : Investments are valued at cost. No provision has been made for diminution in value of Investment, as diminution in value,
if any, is temporary in the opinion of management. The amount lying un-invested with Portfolio Management Company has been shown
under Investments. The company is making investments directly in mutual funds as well as through portfolio management service (PMS).
GST : GST paid on Purchases, Services and Fixed Assets is reduced from their cost to the extent input credit availed and pending utilizations
is carried forward and shown under Current Assets, Loan & Advances.
REVENUE RECOGNITION:
Revenue is recognized when it is earned and no significant uncertainty exists as to its realization on collection.
Sales revenue is recognized on the basis of bills raised to customers. Sales are net of Discount, GST and returns.
Export benefits / incentives are accounted on the basis of eligible export FOB value.
Interest on delay payments to creditors / by debtors accounted on the basis of debit notes/credit notes raised/received from the parties.
68
Income from Investments is recognized based on the audited balance sheet / Income Statement received from them.
Dividends on investments are recognized when the right to receive is established.
Insurance claims are accounted on the basis of claims lodged and accepted.
EMPOLYEES BENEFITS
The company has created a trust and has taken a group Gratuity Life assurance policy with Life Insurance Corporation of India (LIC) for
further payment of gratuity to employees. The premium paid thereon on actuarial valuation is charged to the Profit and Loss account. The
short fall, if any between the amount payable to the employees and accumulated sum with the Life Insurance Corporation of India is charged
to Profit & Loss Account in the year of payment.
Leave Encasement payable to employees is provided on calendar basis for un-availed leave during the year.
Company’s contribution to Provident Fund and Other Funds for the year is accounted on accrual basis and charged to the Profit & Loss
Account.
TAXATION: Income taxes are accounted for in accordance with Accounting Standard (AS)-22 on “Accounting for Taxes on Income”. Taxes
comprise both current and deferred tax.
Provision for Current tax is made on the basis of expected tax payable on taxable income respectively for the current accounting period in
accordance with the provisions of Income Tax Act, 1961.
The deferred tax for timing differences between the book and tax profit for the year is accounted for using tax rates and tax laws that have
been enacted or substantially enacted at the Balance Sheet date. Deferred tax assets arising from the timing difference are recognized to the
extent that there is virtual certainty that sufficient future taxable income will be available.
Earnings per share

The Company reports basic earnings per share in accordance with Accounting Standard 20 ‘Earnings per share’ issued by the Institute of
Chartered Accountants of India. Basic earning per equity share has been computed by dividing net profit after tax by the average number of
equity shares outstanding, during the year.
Contingent Liabilities
Provisions are recognized for liabilities that can be measured only by using substantial degree of estimation, if
The Company has a present obligation as a result of past event.
A probable outflow of resources is expected to settle the obligation, and
The amount of the obligation can be reliably estimated.
Reimbursement expected in respect of the expenditure required to settle a provision is recognized only when it is virtually certain that
reimbursement will be received.
Contingent liability is disclosed in case of:

a present obligation arises from past events, when it is probable that an outflow of resources is required to settle the obligation,
a present obligation when no reliable estimate is possible, and
a possible obligation arising from past events where the possibility of outflow of resources is not remote.
Contingent Assets are neither recognized, nor disclosed. Provision, Contingent Liabilities and Contingent Assets are reviewed at each
Balance Sheet date.
Operating Leases
Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor, are recognised as
operating leases. Lease rents under operating leases are recognised in the profit and loss account on a straight line.
NOTES TO ACCOUNTS
Estimated amount as certified by the Management of contract remaining to be executed on Capital Account net of advances not provided for
Rs. 27.60 Million (Rs. 5.96 Million)
Contingent Liabilities not provided in respect of: -
69
Bank Guarantee & Letter of Credit issued by banks outstanding Rs. 583.74 Million (Rs. 181.03 Million)
Expenditure in Foreign Currency:
Description 31st March 2021 31st March 2020
Traveling Expenses - 1,633,292
Interest and Finance Charges (Net of Taxes) 43,772,995 6,6690,683
Commission 471,861 885,719
C.I.F Value of Imports:
Raw Material 659,209,328 862,678,602
Trading Goods 815,005,417 1,451,091,328
Amount remitted in foreign currency during the year on account Dividend NIL (NIL)
Earning of foreign exchange:
Export Sales (FOB Value) 451,451,435 471,868,771
Freight Recovered on sales 21,571,379 16,382,985
Value of Raw Materials, Stores and Spares consumption
Particulars 31.03.2021 31.03.2020
a) Raw Materials: % Value
Imported 72.21 934,445,537 50.20 618,959,619

Indigenous 27.79 359,545,520 49.80 613,936,294
b) Stores and spares:
Imported 0 0 0 0
Indigenous 100 11,001,490 100 20,733,704
70
Segmental Information:
Primary (Business) Segment : In accordance with the requirements of the Accounting Standard (AS) - 17 “Segment Reporting” issued by the
ICAI, the Company’s business consists of one reportable business segment of Manufacturing, Trading and Selling of Glycols (Chemicals),
hence no separate disclosures pertaining to attributable Revenues, Profits, Assets, Liabilities and Capital Employed are given.
Secondary (Geographical) Segment : Secondary segment reporting is performed on the basis of geographical location of the customers. The
operation of the Company comprises local sales and export sales. The Management view’s the Indian market and Export market as distinct
geographical segment. The following is the distribution of the Company’s sale by geographical market:
(Rs. in Millions)
SALES 31st March 2021 31st March 2020
Indian 3020.62 3388.35
Export 473.02 488.25
TOTAL 3493.64 3876.60
The following is the carrying amount of segment assets and additions to fixed assets by geographical area in which the assets are located:
(Rs. in Millions)
Carrying Amount of Segment Assets 31st March 2021 31st March 2020
India 4441.10 4462.27
Outside India * 56.20 71.69
TOTAL 4497.30 4533.96
*Carrying amount of segment assets outside India represent receivables from export sales & advance given to customers.
Operating Lease – As Lessee: Lease rental charged to revenue for rights to used following Assets:
PARTICULARS 31st March 2021 31st March 2020
Office Premises 12,36,000 12,36,000
Factory Land & Building 1,200,000 1,200,000
Total 24,36,000 24,36,000
Terms, Conditions and Security of Secured Loans

TERM LOAN:
DBS Bank India Ltd. ECB Term Loan is secured by an Exclusive charge by way of equitable mortgage on immovable property at plot No.
N-20 / 1 MIDC, Tarapur Industrial Area, Boisar, Exclusive Charge on assets funded out of ECB term Loan of DBS Bank India Ltd and
personal guarantee of two directors of the company.
HDFC Bank Ltd. FCNR Loan is secured by an Exclusive Charge on the Movable Fixed Assets purchased out of the loan amount, Exclusive
Charge over Movable Fixed Assets on N- 36 Land, Extension of Exclusive Charge on immovable fixed assets of the company located at
N-36, Tarapur, MIDC, Boisar and personal guarantee of two directors of the company.
WORKING CAPITAL LOAN
71
Working Capital Loan from CITI Bank N.A. is secured by first Pari-Passu charge on present and future stocks and book debts, first
Pari-Passu charge on the company’s Plant & Machinery located at Plot no. N-20 & N-21 at Tarapur and Personal Guarantee of two directors
of the company.
Working Capital Loan from DBS Bank India Ltd. is secured by first pari passu charge on the current assets of the company both present &
future; first pari passu charge on the movable fixed assets (MFA) located at plot no. N-20 & N-21 (both present and future) and personal
guarantee of two directors of the company.
Working Capital Loan from HDFC Bank Ltd. is secured by pari passu charge on stock and book debts (both present & future), first pari
passu charge on existing Movable fixed assets of the company located at plot no. N-21, Tarapur, MIDC, Boisar and personal guarantee of
two directors of the company.
Working capital loan from RBL Bank Ltd. is secured by first pari passu charge by way of hypothecation on entire current assets both present
and future along with other bankers under multiple banking arrangement, first pari passu charge by way of hypothecation on all movable
fixed assets of the company both present & future located on plot no. N-20 & N-21, MIDC, Boisar (excluding assets exclusive charged to
term lenders) under multiple banking arrangement and personal guarantee of two directors of the company.
Working Capital loans from IDFC First Bank Ltd. is secured by Pari passu First charge on Current Assets of the company, Pari passu first
charge on movable fixed assets situated at plot N-20 & N-21, MIDC Tarapur, Boisar, Thane, Maharashtra and personal guarantee of two
directors of the Company.
Working capital loan from Standard Chartered Bank is secured by first pari passu charge on entire current assets (existing as well as future)
of the company, first pari passu charge on moveable fixed assets except those specifically charged to term lenders and personal guarantee of
Two directors of the company.
72
Related Party Disclosure as per Accounting Standard (AS) – 18 :
List of Related Parties
Sr.
Type Name
No
Mr. Kamlesh R. Sanghavi
Smt. Daksha K. Sanghavi

A Key Management Personal:
Mr. Mitul K. Sanghavi
Mr. Pratik K. Sanghavi
Crest Chemicals
Enterprises having same Key Management Personal and /or their relatives as the reporting Authentic Petro Products
B
enterprises: LLP
Efforts Chemicals
C Relatives of Key Management: 1. Mrs. Mansi Sanghavi
For the Year ended 31 st March For the Year ended 31 st March
Nature of Transaction
2021 2020
In relation to (a& c) In relation to (b)

In relation to (b) above In relation to (a& c) above
above above
Purchases 120,660,874 161,728,210
Sales 61,757,900 30,857,682
Storage Charges Paid 11,146,280
Rent Paid 1,200,000 1,200,000 1,200,000 1,200,000
Interest Paid 10,262,429 3,417,065
Directors
108,000,000 55,000,009
Remuneration
Salary Paid 3,000,000 3,000,000
Unsecured Loans
130,039,636 64,494,074
Taken
Repayment of Loans 83,553,170 19,136,180
Amount Outstanding
73
Sundry Debtors 111,817
Sundry Creditors 3,777,044 20,229,580 2,451,044 2,689,908
Deposits Given 1,000,000 1,000,000
Loans & Advances Given
Unsecured Loans Taken 96,863,710 50,377,244
Note: Related Parties are as disclosed by the Directors and relied upon by the auditors.
Retirement Benefits :
The Company adopted Accounting Standard (AS)-15 (Revised 2005) “Employee Benefits” effective from 01.04.2007
Defined Contribution Plan:

Contribution to defined Contribution Plan, recognized as expenses for the year are as under:
2020-21 2019-20
Employers Contribution to Provident fund 683,949 575,711
Employers Contribution to Employees Pension Scheme 1995 867,292 712,217
Total 1,551,241 1,287,928
The above Plans are State Plans and the Company has no obligation to pay future benefits and its only obligation is to pay Contributions as
they fall due.
Defined Benefit Plan:
The employee’s gratuity fund scheme managed by a Trust is a Defined Benefit Plan. The present value of obligation is
determined based on actuarial valuation using the Projected Unit Credit Method which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final
obligation. The obligation for leave encashment is recognized in the same manner as gratuity.
The Company adopted Accounting Standards (AS15) (Revised 2005) “Employees Benefits” effective from 01.04.07.
The disclosure require as per the Revised AS15 are as under:
2020-21 2019-20
I. Reconciliation of Opening and closing Balances of Defined Benefit Obligation
Present Value of Defined Benefit Obligation as at beginning of the year 4,886,127 4,075,951
74
Interest Cost 342,029 305,696
Current Service Cost 228,985 198,403
Benefits Paid (216,346)
Actuarial (Gain) / Loss 122,763 306,077
Present Value of Defined Benefit Obligation as at end of the year 5,363,558 4,886,127
II. Reconciliation of Opening and closing Balances of Fair Value of Plan Assets
Fair Value of Plan assets at beginning of the year 4,575,566 4,270,676
Expected Return on Plan assets 332,683 301,212
Employer Contribution 539,546 3678
Benefits Paid (216,346) -
Actuarial (Gain) / Loss - -
Fair Value of Plan assets at the end of the year 5,231,449 4,575,566
III. Reconciliation of fair value of assets and obligations
Present Value of Defined Benefit Obligation as at the end of the year 5,363,558 4,886,127
Net Assets / (Liability) Recognized in the Balance Sheet. (132,109) (310,561)
IV Expenses Recognized During the year
Expected Return on Plan assets (332,683) (301,212)
Net Actuarial (Gain)/Loss 122,763 306,077
75
Expenses Recognized during the year in Profit & Loss Account 361,094 508,964
V. Actuarial Assumptions Gratuity (Funded)
Morality Table (LIC) N.A N.A
Discount Rate (per Annum) 7.00% 7.00%
Expected Rate of Return on Plan assets N.A. N.A.
Rate of Escalation in Salary (Per Annum) 4% 4%
Amounts due to Micro, Small and Medium Enterprises : In the absence of necessary information relating to the suppliers registered as the
Micro, Small and Medium Enterprise under the Micro, Small and Medium Enterprise Development Act, 2006, the company has not been
able to identify such suppliers and disclose the information required under the said Act relating to them. The company has not received any
intimation from the creditor, identifying their status as Micro, Small and Medium Enterprise under the Act.
Deferred Tax Assets and Liabilities as on 31 st March 2021 are as under
Deferred Tax Liabilities 2020-21 2019-20
Accumulated Depreciation 24,410,276 28,270,306
Add/(Less): Deferred Tax Liability (Assets) 24,109,593 (3,860,030)
Net Deferred Tax Liabilities 48,519,869 24,410,276
Earnings per share as required by AS-20
2020-21 2019-20
Profit after taxes as per Profit & Loss A/c 351,579,410 115,436,193
No. of Equity Shares 280,000 280,000
Basic & diluted earnings per share in rupees.

1,256 412
(Face Value - Rs. 10 (10/)- each)
DERVIATIVES
The foreign currency exposure that are hedged by derivative instruments
Currency As at 31 st March 2021 As at 31 st March 2020
76
USD / EURO Rs. USD / EURO Rs.
ECB – DBS Bank India Ltd.

(Hedged for Interest Rate Risk) USD 2,625,000 192,949,838 3,500,000 263,865,000
The foreign currency exposure that are not hedged by derivative instruments
Particulars Currency As at 31 st March 2021 As at 31 st March 2020
Buyers Credit USD 2,037,656 149,777,286 10,598,799 799,043,476
EURO 1,349,278 116,171,477 523,639 43,488,197
Sundry Creditors USD 6,955,333 511,249,643 4,165,757 314,056,425
EURO - - 496,406 41,226,518
Sundry Debtors USD 633,998 46,601,851 886,172 66,808,531
RBL Bank Ltd. – WCDL – FCNR Loan EURO - - 3,000,000 249,150,000
CITIBANK N.A - WCDL – FCNR Loan EURO - - 1,000,000 83,050,000
CITIBANK N.A. - WCDL – FCNR Loan EURO - - 448,406 37,240,081
HDFC Bank Ltd. – FCNR Term Loan USD 2,062,500 151,603,444 2,812,500 212,034,375
Advance To Customer USD 130,570 9,597,481 64,792 4,884,693
Advance from Customer USD 44,985 3,306,609 66,441 5,008,987
EEFC Bank Balance USD 2,96,492 21,793,544 352,908 26,605,761
Balances of Sundry Creditors, Debtors, Loans and advances are shown as appearing in the books of account of the company and we are
informed that the company has sent confirmation letters to the parties and the confirmations are awaited. Consequential adjustment thereof, if
any, will be given effect into books of accounts in the year of such adjustment.
Previous period’s figures have been regrouped / rearranged, wherever necessary, to conform to current year’s presentation.
As per our attached report of even date
FOR MRM & ASSOCIATES FOR AND ON BEHALF OF THE BOARD

77
(MRADULA R. MAHESHWARI) (P. K. SANGHAVI) (M. K. SANGHAVI)

PROPRIETOR DIRECTOR DIRECTOR
M.NO. 119412
PLACE: MUMBAI
78
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTE NO. 27
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2020
SIGNIFICANT ACCOUNTING POLICIES:-
Basis of Preparation of Financial Statements &Method of Accounting: These financial statements have been prepared in accordance with the
generally accepted accounting principles (GAAP) in India under the historical cost convention on accrual basis. These financial statements
have been prepared to comply with all material aspects of the accounting standards specified under Section 133 of the Companies Act, 2013,
read with Rule 7 of the Companies (Accounts) Rules, 2014. Accounting policies not specifically referred to otherwise are consistent with the
generally accepted accounting principles followed by the company.
USE OF ESTIMATES: The preparation of financial statements conformity with GAAP requires estimates and assumptions to be made that
affect the reported amounts of assets and liabilities and disclosure of contingent liabilities on the date of the preparation financial statement
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and
differences between actual results and estimates are recognized in the periods in which the results are known/ materialize.
FIXED ASSETS AND CAPITAL WORK IN PROGRESS: Fixed Assets are stated at their cost (net of Excise / GST CENVAT Credit /
Service Tax Credit and MVAT Credit availed) and includes incidental expenses and financial cost relating to acquisition of fixed assets up to
the date of commercial production less accumulated depreciation. Capital work in progress includes indirect and pre-operative expenses
related or attributable to the capital work in progress and trial run expenses incurred up to commencement of commercial production.
Intangible fixed assets are recognized only if they are separately identifiable and the Company controls the future economic benefits arising
out of them. Intangible assets are stated at cost less accumulated amortization and impairment
IMPAIRMENT OF FIXED ASSETS: In the opinion of the management no provision for impairment in the value of the fixed assts is
necessary considering excess of realisable value of such fixed assets as against its carrying amount in the books of accounts on overall basis.
DEPRECIATION:
Depreciation on other fixed assets has been provided for on the written down value method as per the useful life prescribed in Schedule II to
the Companies Act 2013. Further, depreciation is provided on pro rata basis from the month in which the asset is purchased. Depreciation has
been provided on prorate basis on the additions/ deductions made during the year.
Assets whose cost is less than Rs. 5000/- the values, therefore written off by 100%
The Lands on Lease is for 95 years and amortised over a period of lease.
FOREIGN CURRENCY TRANSACTION:

Foreign currency transactions are accounted at the exchange rates prevailing on the date of transactions. Current Assets and Current
Liabilities denominated in foreign currency are translated into Rupees at the exchange rate prevailing at the balance sheet date. The exchange
difference between the rate prevailing on the date of transaction and on the date of settlement as well as on translation of Current Assets and
Current Liabilities at the end of the year is recognized in Profit & Loss Account.
INVENTORIES:
Inventories are valued as under: -
Raw Materials- At lower of Cost or realisable Value.
Finished Goods- At lower of Material Cost plus appropriate Labour & Overheads or estimated realisable Value.
Stores & Spares and Packing Material – Lower of Cost of estimated realisable Value.
Trading Goods - At lower of Cost or realisable Value.
Notes:
While determining the cost, the Raw Material cost is assigned on the basis of average cost and the conversion cost includes all direct factory
expenses, depreciation on related assets, but excludes financial and administrative expenses.
The Closing Stock of Trading Goods, Raw Material & Stores & Spares and Packing Material are net of GST set off.
BORROWING COST: Borrowing costs attributable to the acquisition or construction of qualifying assets as defined in Accounting Standard
(AS)-16 on “Borrowing Costs” are capitilised as part of the cost of such assets up to the date when the assets is ready for its intended use.
Other borrowing costs are recognized as an expense in the year in which incurred.
INVESTMENT: Investments are valued at cost. No provision has been made for diminution in value of Investment, as diminution in value, if
any, is temporary in the opinion of management. The amount lying un-invested with Portfolio Management Company has been shown under
Investments. The company is making investments through portfolio management service (PMS).
GST: GST paid on Purchases, Services and Fixed Assets is reduced from their cost to the extent input credit availed and pending utilizations
is carried forward and shown under Current Assets, Loan & Advances.
REVENUE RECOGNITION:
Revenue is recognized when it is earned and no significant uncertainty exists as to its realization on collection.
Sales revenue is recognized on the basis of bills raised to customers. Sales are net of Discount, GST and returns.
Export benefits / incentives are accounted on the basis of eligible export FOB value.
Interest on delay payments to creditors / by debtors accounted on the basis of debit notes/credit notes raised/received from the parties.
Income from Investments made through Credit Suisse Securities (India) is recognized based on the audited balance sheet / Income Statement
79
received from them.

Dividends on investments are recognized when the right to receive is established.
Insurance claims are accounted on the basis of claims lodged and accepted.
EMPOLYEES BENEFITS
The company has created a trust and has taken a group Gratuity Life assurance policy with Life Insurance Corporation of India (LIC) for
further payment of gratuity to employees. The premium paid thereon on actuarial valuation is charged to the Profit and Loss account. The
short fall, if any between the amount payable to the employees and accumulated sum with the Life Insurance Corporation of India is charged
to Profit & Loss Account in the year of payment.
Leave Encasement payable to employees is provided on calendar basis for un-availed leave during the year.
Company’s contribution to Provident Fund and Other Funds for the year is accounted on accrual basis and charged to the Profit & Loss
Account.
PRIOR PERIOD ADJUSTMENT:

All identifiable items of Income and expenditures pertaining to prior period are accounted through prior period adjustment account.
TAXATION: Income taxes are accounted for in accordance with Accounting Standard (AS)-22 on “Accounting for Taxes on Income”. Taxes
comprise both current and deferred tax.
Provision for Current tax is made on the basis of expected tax payable on taxable income respectively for the current accounting period in
accordance with the provisions of Income Tax Act, 1961.
The deferred tax for timing differences between the book and tax profit for the year is accounted for using tax rates and tax laws that have
been enacted or substantially enacted at the Balance Sheet date. Deferred tax assets arising from the timing difference are recognized to the
extent that there is virtual certainty that sufficient future taxable income will be available.
Earnings per share

The Company reports basic earnings per share in accordance with Accounting Standard 20 ‘Earnings per share’ issued by the Institute of
Chartered Accountants of India. Basic earning per equity share has been computed by dividing net profit after tax by the average number of
equity shares outstanding, during the year.
Contingent Liabilities
Provisions are recognized for liabilities that can be measured only by using substantial degree of estimation, if
The Company has a present obligation as a result of past event.
A probable outflow of resources is expected to settle the obligation, and
The amount of the obligation can be reliably estimated.
Reimbursement expected in respect of the expenditure required to settle a provision is recognized only when it is virtually certain that
reimbursement will be received.
Contingent liability is disclosed in case of:
a present obligation arises from past events, when it is probable that an outflow of resources is required to settle the obligation,
a present obligation when no reliable estimate is possible, and
a possible obligation arising from past events where the possibility of outflow of resources is not remote.
Contingent Assets are neither recognized, nor disclosed. Provision, Contingent Liabilities and Contingent Assets are reviewed at each
Balance Sheet date.
Operating Leases
Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor, are recognised as
operating leases. Lease rents under operating leases are recognised in the profit and loss account on a straight line.
NOTES TO ACCOUNTS
Estimated amount as certified by the Management of contract remaining to be executed on Capital Account net of advances not provided for
Rs. 5.96 Million (Rs. 32.94 Million)
Contingent Liabilities not provided in respect of: -

Bank Guarantee & Letter of Credit issued by banks outstanding Rs. 181.03 Million (Rs. 349.66 Million)
80
The Company has taken key man Insurance policy for an annual premium of Rs. 1,524,636/- to be paid up to 2020-2021.
Expenditure in Foreign Currency:
Traveling Expenses 1,633,292 2,736,054
Interest and Finance Charges (Net of Taxes) 6,6690,683 33,066,771
Commission 885,719 1,881,449
C.I.F Value of Imports:
Raw Material 862,678,602 1,055,786,350
Trading Goods 1,451,091,328 480,755,573
Amount remitted in foreign currency during the year on account Dividend NIL (NIL)
Earning of foreign exchange:
Export Sales (FOB Value) 471,868,771 663,983,626
Freight Recovered on sales 16,382,985 23,345,979
Value of Raw Materials, Stores and Spares consumption
Particulars 31.03.2020 31.03.2019
a) Raw Materials: % Value
Imported 50.20 618,959,619 74.01 955,317,336

Indigenous 49.80 613,936,294 25.99 335,446,132
b) Stores and spares:
Imported 0 0 0
0 38,787,601
Indigenous 100 20,733,704 100
81
Segmental Information:
Primary (Business) Segment: In accordance with the requirements of the Accounting Standard (AS) - 17 “Segment Reporting” issued by the
ICAI, the Company’s business consists of one reportable business segment of Manufacturing, Trading and Selling of Glycols (Chemicals),
hence no separate disclosures pertaining to attributable Revenues, Profits, Assets, Liabilities and Capital Employed are given.
Secondary (Geographical) Segment: Secondary segment reporting is performed on the basis of geographical location of the customers. The
operation of the Company comprises local sales and export sales. The Management view’s the Indian market and Export market as distinct
geographical segment. The following is the distribution of the Company’s sale by geographical market:
(Rs. in Millions)
SALES 31st March 2020 31st March 2019
Indian 3388.35 2372.83
Export 488.25 687.33
TOTAL 3876.60 3060.16
The following is the carrying amount of segment assets and additions to fixed assets by geographical area in which the assets are located:
(Rs. in Millions)
Carrying Amount of Segment Assets 31st March 2020 31st March 2019
India 4462.27 4096.43
Outside India * 71.69 76.25
TOTAL 4533.96 4172.68
*Carrying amount of segment assets outside India represent receivables from export sales & advance given to customers.
Operating Lease – As Lessee: Lease rental charged to revenue for rights to used following Assets:
PARTICULARS 31st March 2020 31st March 2019
Office Premises 12,36,000 600,000
Factory Land & Building 1,200,000 1,200,000
Total 24,36,000 18,00,000
Terms, Conditions and Security of Secured Loans

TERM LOAN:
DBS Bank India Ltd. ECB Term Loan is secured by an Exclusive charge by way of equitable mortgage on immovable property at plot No.
N-20 / 1 MIDC, Tarapur Industrial Area, Boisar, Exclusive Charge on assets funded out of ECB term Loan of DBS Bank India Ltd and
personal guarantee of two directors of the company.
HDFC Bank Ltd. FCNR Loan is secured by an Exclusive Charge on the Movable Fixed Assets purchased out of the loan amount, Exclusive
Charge over Movable Fixed Assets on N- 36 Land, Extension of Exclusive Charge on immovable fixed assets of the company located at
N-36, Tarapur, MIDC, Boisar and personal guarantee of two directors of the company.
WORKING CAPITAL LOAN
82
Working Capital Loan from CITI Bank N.A. is secured by first Pari-Passu charge on present and future stocks and book debts, first
Pari-Passu charge on the company’s Plant & Machinery located at Plot no. N-20 & N-21 at Tarapur and Personal Guarantee of two directors
of the company.
Working Capital Loan from DBS Bank India Ltd. is secured by first pari passu charge on the current assets of the company both present &
future; first pari passu charge on the movable fixed assets (MFA) located at plot no. N-20 & N-21 (both present and future) and personal
guarantee of two directors of the company.
Working Capital Loan from HDFC Bank Ltd. is secured by pari passu charge on stock and book debts (both present & future), first pari
passu charge on existing Movable fixed assets of the company located at plot no. N-21, Tarapur, MIDC, Boisar and personal guarantee of
two directors of the company.
Working capital loan from RBL Bank Ltd. is secured by first pari passu charge by way of hypothecation on entire current assets both present
and future along with other bankers under multiple banking arrangement, first pari passu charge by way of hypothecation on all movable
fixed assets of the company both present & future located on plot no. N-20 & N-21, MIDC, Boisar (excluding assets exclusive charged to
term lenders) under multiple banking arrangement and personal guarantee of two directors of the company.
Working Capital loans from IDFC First Bank Ltd. is secured by Pari passu First charge on Current Assets of the company, Pari passu first
charge on movable fixed assets situated at plot N-20 & N-21, MIDC Tarapur, Boisar, Thane, Maharashtra and personal guarantee of two
directors of the Company.
Working capital loan from Standard Chartered Bank is secured by first pari passu charge on entire current assets (existing as well as future)
of the company, first pari passu charge on moveable fixed assets except those specifically charged to term lenders and personal guarantee of
Two directors of the company.
83
Related Party Disclosure as per Accounting Standard (AS) – 18:
List of Related Parties
Sr.
Type Name
No
Mr. Kamlesh R. Sanghavi

Smt. Daksha K. Sanghavi
A Key Management Personal:
Mr. Mitul K. Sanghavi
Mr. Pratik K. Sanghavi
Crest Chemicals
Enterprises having same Key Management Personal and /or their relatives as the reporting
B Authentic Petro Products
enterprises:
LLP
C Relatives of Key Management: 1. Mrs. Mansi Sanghavi
For the Year ended 31st March For the Year ended 31st March
Nature of Transaction
2020 2019
In relation to (a& c) In relation to (b)

In relation to (b) above In relation to (a& c) above
above above
Purchases 161,728,210 - 83,544,745
Sales 30,857,682 - 9,719,375
Storage Charges Paid 11,146,280 - 17,152,000
Rent Paid 1,200,000 1,200,000 600,000 1,200,000
Interest Paid 3,417,065 2,232,636
Directors
55,000,009 6,00,00,012
Remuneration
Salary Paid 3,000,000 3,000,000
Unsecured Loans
64,494,074 10,822,165
Taken
Repayment of Loans 19,136,180 24,872,121
Amount Outstanding
Sundry Debtors 111,817
84
Sundry Creditors 2,451,044 2,689,908 1,155,044 2,954,015
Deposits Given 1,000,000 1,000,000 -
Loans & Advances Given
Unsecured Loans Taken 50,377,244 5,019,350 -
Note: Related Parties are as disclosed by the Directors and relied upon by the auditors.
Retirement Benefits:
The Company adopted Accounting Standard (AS)-15 (Revised 2005) “Employee Benefits” effective from 01.04.2007
Defined Contribution Plan:

Contribution to defined Contribution Plan, recognized as expenses for the year are as under:
2019-20 2018-19
Employers Contribution to Provident fund 575,711 503,224
Employers Contribution to Employees Pension Scheme 1995 712,217 632,245
Total 1,287,928 1,135,469
The above Plans are State Plans and the Company has no obligation to pay future benefits and its only obligation is to pay Contributions as
they fall due.
Defined Benefit Plan:
The employee’s gratuity fund scheme managed by a Trust is a Defined Benefit Plan. The present value of obligation is
determined based on actuarial valuation using the Projected Unit Credit Method which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final
obligation. The obligation for leave encashment is recognized in the same manner as gratuity.
The Company adopted Accounting Standards (AS15) (Revised 2005) “Employees Benefits” effective from 01.04.07.
The disclosure require as per the Revised AS15 are as under:
2019-20 2018-19
I. Reconciliation of Opening and closing Balances of Defined Benefit Obligation
Present Value of Defined Benefit Obligation as at beginning of the year 4,075,951 3,779,851
85
Benefits Paid
Actuarial (Gain) / Loss 306,077 (181,236)
Present Value of Defined Benefit Obligation as at end of the year 4,886,127 4,075,951
II. Reconciliation of Opening and closing Balances of Fair Value of Plan Assets
Fair Value of Plan assets at beginning of the year 4,270,676 3,416,833
Expected Return on Plan assets 301,212 296,978
Employer Contribution 3678 556,865
Benefits Paid - -
Actuarial (Gain) / Loss - -
III. Reconciliation of fair value of assets and obligations
Present Value of Defined Benefit Obligation as at the end of the year 4,886,127 4,075,951
Net Assets / (Liability) Recognized in the Balance Sheet. (310,561) 194,725
IV Expenses Recognized During the year
Expected Return on Plan assets (301,212) (296,978)
Net Actuarial (Gain)/Loss 306,077 (181,236)
Expenses Recognized during the year in Profit & Loss Account 508,964 (878)
86
V. Actuarial Assumptions Gratuity (Funded)
Morality Table (LIC) N.A N.A
Discount Rate (per Annum) 7.00% 7.50%
Expected Rate of Return on Plan assets N.A. N.A.
Rate of Escalation in Salary (Per Annum) 4% 4%
Amounts due to Micro, Small and Medium Enterprises: In the absence of necessary information relating to the suppliers registered as the
Micro, Small and Medium Enterprise under the Micro, Small and Medium Enterprise Development Act, 2006, the company has not been
able to identify such suppliers and disclose the information required under the said Act relating to them. The company has not received any
intimation from the creditor, identifying their status as Micro, Small and Medium Enterprise under the Act.
Deferred Tax Assets and Liabilities as on 31st March 2020 are as under
Deferred Tax Liabilities 2019-20 2018-19
Accumulated Depreciation 28,270,306 38,664,280
Add/(Less): Deferred Tax Liability (Assets) (3,860,030) (10,393,974)
Net Deferred Tax Liabilities 24,410,276 28,270,306
Earnings per share as required by AS-20
2019-20 2018-19
Profit after taxes as per Profit & Loss A/c 115,436,193 309,928,365
No. of Equity Shares 280,000 280,000
Basic & diluted earnings per share in rupees.

412 1,107
(Face Value - Rs. 10 (10/)- each)
DERVIATIVES
The foreign currency exposure that are hedged by derivative instruments
Currency As at 31st March 2020 As at 31st March 2019
USD / EURO Rs. USD / EURO Rs.
87
ECB – DBS Bank India Ltd.

(Hedged for Interest Rate Risk) USD 3,500,000 263,865,000 3,500,000 242,095,000
WCDL – RBL Bank Ltd.

(Partial Principal hedged) – Total Borrowing 3.00 Million - - 1,000,000 77,700,000
EURO
The foreign currency exposure that are not hedged by derivative instruments
Particulars Currency As at 31st March 2020 As at 31st March 2019
Buyers Credit USD 10,598,799 799,043,476 10,231,823 707,735,173
EURO 523,639 43,488,197
Sundry Creditors USD 4,165,757 314,056,425 5,829,797 403,247,066
EURO 496,406 41,226,518
Sundry Debtors USD 886,172 66,808,531 1,033,115 71,460,589
RBL Bank Ltd. – WCDL – FCNR Loan EURO 3,000,000 249,150,000 2,000,000 155,400,000
CITIBANK N.A - WCDL – FCNR Loan EURO 1,000,000 83,050,000
CITIBANK N.A. - WCDL – FCNR Loan EURO 448,406 37,240,081
HDFC Bank Ltd. – FCNR Term Loan USD 2,812,500 212,034,375 3,000,000 207,510,000
HDFC Bank Ltd. – FCNR Term Loan USD - - 434,689 30,067,438
Advance To Customer USD 64,792 4,884,693 69,222 4,788,118
Advance from Customer USD 66,441 5,008,987
Balances of Sundry Creditors, Debtors, Loans and advances are shown as appearing in the books of account of the company and we are
informed that the company has sent confirmation letters to the parties and the confirmations are awaited. Consequential adjustment thereof, if
any, will be given effect into books of accounts in the year of such adjustment.
Previous period’s figures have been regrouped / rearranged, wherever necessary, to conform to current year’s presentation.
As per our attached report of even date
FOR MRM & ASSOCIATES FOR AND ON BEHALF OF THE BOARD

88
(MRADULA R. MAHESHWARI) (P. K. SANGHAVI) (M. K. SANGHAVI)

PROPRIETOR DIRECTOR DIRECTOR
M.NO. 119412
ICAI UDIN:
PLACE: MUMBAI
DATED: 29 DEC 2020
[201700] Notes - Government grants

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
As per the As per the
Disclosure of employee benefits explanatory [TextBlock] rules of the company rules of the company
89
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Associate Director 1
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of relationship and transactions
between
related parties [Abstract]
between
related parties [LineItems]
AUTHENTIC AUTHENTIC
Name of related party PETROPRODUCTS PETROPRODUCTS Mr. Mitul Sanghavi Mr. Mitul Sanghavi
LIMITED LIMITED
related INDIA INDIA INDIA INDIA
party
Permanent account number of related party AKJPS2266F AKJPS2266F
CIN of related party U24100MH1990PLC058352 U24100MH1990PLC058352
Description of nature of related party Key Management Key Management
Subsidiary company Subsidiary company
relationship Personnel Personnel
Description of nature of transactions with
related Rent Rent Interest/remuneration Interest/remuneration
party
Related party transactions [Abstract]
Leases as lessee related party transactions 12,00,000 12,00,000
Interest paid during year related party
18,20,548 0
transactions
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial personnel
0 0 3,60,00,000 0
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
90

Categories of related parties [Axis] Director 2 Director 3
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
between
between
Name of related party Mr. Pratik Sanghavi Mr. Pratik Sanghavi Mrs. Daksha Sanghavi Mrs. Daksha Sanghavi
related INDIA INDIA INDIA INDIA
party
Permanent account number of related party ARCPS5470M ARCPS5470M AAFPS9314N AAFPS9314N
Description of nature of related party Key Management Key Management Relatives of Key Relatives of Key
relationship Personnel Personnel management personnel management personnel
Description of nature of transactions with
related Interest/remuneration Interest/remuneration Interest/Purchase/Sales/Rent Interest/Purchase/Sales/Rent
party
Purchases of goods related party transactions
12,06,60,874 16,17,28,210
Revenue from sale of goods related party

6,17,57,900 3,08,57,682
transactions
Leases as lessee related party transactions 12,00,000 1,11,46,280
15,86,282 0 4,77,831 0
transactions
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial personnel 3,60,00,000 0 0 0
0 0 0 0
0 0 0 0

Categories of related parties [Axis] Managing Director Relative
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of relationship and transactions between
Disclosure of relationship and transactions between
Mr. Kamlesh Mr. Kamlesh Mrs. Mansi
Name of related party Sanghavi Sanghavi Sanghvi
Mrs. Mansi Sanghvi
Country of incorporation or residence of related

party
Permanent account number of related party AAFPS9315P AAFPS9315P AWEPS5486L AWEPS5486L
Relatives of Key Relatives of Key
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
management management
personnel personnel
Description of nature of transactions with related
Interest/Remuneration Interest/Remuneration Salary Salary
party
Services received related party transactions 30,00,000 0
63,77,768 0
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 3,60,00,000 0 0 0
0 0 0 0
0 0 0 0
91

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
[201400] Notes - Leases

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
[202800] Notes - Subsidiary information

01/04/2020
to
31/03/2021
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2020
to
31/03/2021
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
92
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2020
to
31/03/2021
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
[202700] Notes - Cash flow statements

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 2,94,30,097 3,89,32,337 15,57,39,037
Total cash and cash equivalents 2,94,30,097 3,89,32,337
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 0 -4,87,82,155
Total income taxes paid (refund) 0 -4,87,82,155
93
[100200] Statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
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 346,36,69,898 385,00,58,610
Revenue from sale of services 0 0
Other operating revenues 2,99,72,402 2,65,48,036
Total revenue from operations other than finance company 349,36,42,300 387,66,06,646
Total revenue from operations 349,36,42,300 387,66,06,646
Other income 7,45,93,923 1,51,39,170
Total revenue 356,82,36,223 389,17,45,816
Expenses [Abstract]
Cost of materials consumed 129,39,91,058 123,28,95,913
Purchases of stock-in-trade 94,20,87,131 159,22,91,499
Changes in inventories of finished goods, work-in-progress and
-7,49,10,206 -4,62,50,406
stock-in-trade
Employee benefit expense 14,91,83,227 9,92,29,243
Finance costs 5,26,99,219 21,38,46,033
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 9,04,12,365 5,48,21,738
Total depreciation, depletion and amortisation expense 9,04,12,365 5,48,21,738
CSR expenditure 67,50,000 63,00,000
Other expenses 59,23,34,426 57,20,35,633
Total expenses 305,25,47,220 372,51,69,653
Total profit before prior period items, exceptional items, extraordinary
51,56,89,003 16,65,76,163
items and tax
Total profit before extraordinary items and tax 51,56,89,003 16,65,76,163
Total profit before tax 51,56,89,003 16,65,76,163
Tax expense [Abstract]
Current tax 14,00,00,000 5,50,00,000
Deferred tax 2,41,09,593 -38,60,030
Total tax expense 16,41,09,593 5,11,39,970
Total profit (loss) for period from continuing operations 35,15,79,410 11,54,36,193
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest 35,15,79,410 11,54,36,193
Profit (loss) of minority interest 0 0
Total profit (loss) for period 35,15,79,410 11,54,36,193
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 1,256 [INR/shares] 412
Diluted earnings per equity share [INR/shares] 1,256 [INR/shares] 412
94
[300500] Notes - Subclassification and notes on income and expenses

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 346,36,69,898 385,00,58,610
Total revenue from sale of products 346,36,69,898 385,00,58,610
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 2,99,72,402 2,65,48,036
Total other operating revenues 2,99,72,402 2,65,48,036
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 17,40,738 22,48,659
Interest from customers on amounts overdue, current investments 0 3,08,919
Total interest income on current investments 17,40,738 25,57,578
Total interest income 17,40,738 25,57,578
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 2,71,07,154 8,97,961
Net gain/loss on sale of long-term investments 0 22,80,132
Total net gain/loss on sale of investments 2,71,07,154 31,78,093
Other non-operating income [Abstract]
Gain on disposal of intangible asset 1,59,373 8,94,604
Income export incentives 58,65,667 69,13,289
Income insurance claims 3,91,95,000 4,79,701
Excess provisions written back 5,05,836 11,15,905
Miscellaneous other non-operating income 20,155 0
Total other non-operating income 4,57,46,031 94,03,499
Total other income 7,45,93,923 1,51,39,170
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 2,12,18,750 2,80,82,106
Total interest expense long-term loans 2,12,18,750 2,80,82,106
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks 2,45,30,143 2,58,64,901
Interest expense short-term loans, others 1,02,62,429 34,17,065
Total interest expense short-term loans 3,47,92,572 2,92,81,966
Other interest charges 0 2,06,712
Total interest expense 5,60,11,322 5,75,70,784
Other borrowing costs 79,35,646 1,08,55,063
Net gain/loss on foreign currency transactions and translations
-1,12,47,749 14,54,20,186
treated as finance costs
Total finance costs 5,26,99,219 21,38,46,033
Employee benefit expense [Abstract]
Salaries and wages 3,69,86,294 3,86,19,675
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 10,80,00,000 5,50,00,009
Total remuneration to directors 10,80,00,000 5,50,00,009
Total managerial remuneration 10,80,00,000 5,50,00,009
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 16,56,036 13,86,228
Total contribution to provident and other funds 16,56,036 13,86,228
Employee medical insurance expenses 73,505 75,162
Gratuity 6,16,347 31,450
95
Staff welfare expense 18,51,045 41,16,719

Total employee benefit expense 14,91,83,227 9,92,29,243
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,10,01,490 2,07,33,704
Power and fuel 9,66,83,771 11,97,26,843
Rent 24,36,000 24,36,000
Repairs to building 2,05,30,621 1,58,49,261
Repairs to machinery 1,09,28,747 79,10,856
Insurance 1,08,94,601 91,90,445
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 62,13,414 4,07,152
Cost taxes other levies by government local authorities 9,89,248 15,13,631
Total rates and taxes excluding taxes on income 72,02,662 19,20,783
Subscriptions membership fees 52,940 2,08,228
Telephone postage 4,03,931 5,45,751
Printing stationery 3,48,856 6,98,493
Information technology expenses 1,40,328 2,34,595
Travelling conveyance 9,53,469 46,74,474
Legal professional charges 62,16,846 69,76,523
Safety security expenses 20,62,759 29,14,371
Directors sitting fees 0 0
Donations subscriptions 48,00,000 65,60,005
Books periodicals 14,233 22,850
Advertising promotional expenses 2,89,112 13,80,271
Commission paid other selling agents 2,59,41,144 3,76,15,816
Transportation distribution expenses 16,57,45,696 14,97,41,397
Secondary packing expenses 4,32,30,354 3,44,74,671
Cost repairs maintenance other assets 27,24,032 24,81,096
Cost warehousing 14,63,58,343 12,72,54,427
Cost water charges 73,38,344 85,21,906
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 37,34,658 0
Bad debts advances written off 0 0
Total write-off assets 37,34,658 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 2,50,000 2,50,000
Total payments to auditor 2,50,000 2,50,000
Miscellaneous expenses 2,20,51,489 97,12,867
Total other expenses 59,23,34,426 57,20,35,633
Current tax [Abstract]
Current tax pertaining to current year 14,00,00,000 5,50,00,000
Total current tax 14,00,00,000 5,50,00,000
96
[300600] Notes - Additional information statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -7,49,10,206 -4,62,50,406
Total changes in inventories of finished goods, work-in-progress and
-7,49,10,206 -4,62,50,406
stock-in-trade
Value of imports of raw materials 147,42,14,745 231,37,69,930
Total value of imports calculated on CIF basis 147,42,14,745 231,37,69,930
Expenditure on interest 4,37,72,995 66,90,683
Expenditure on other matters 4,71,861 25,19,011
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 4,42,44,856 92,09,694
Total amount of dividend remitted in foreign currency 0 0
FOB value of manufactured goods exported 47,30,22,814 48,82,51,756
Total earnings on export of goods calculated on FOB basis 47,30,22,814 48,82,51,756
Total earnings in foreign currency 47,30,22,814 48,82,51,756
Domestic sale manufactured goods 205,32,92,584 168,03,84,555
Domestic sale traded goods 95,89,25,879 169,78,05,284
Total domestic turnover goods, gross 301,22,18,463 337,81,89,839
Export sale manufactured goods 45,14,51,435 47,18,68,771
Total export turnover goods, gross 45,14,51,435 47,18,68,771
Total revenue from sale of products 346,36,69,898 385,00,58,610
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 20,49,32,172
Bad debts of related parties as per AS-18 0 0
[300100] Notes - Revenue

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of revenue explanatory [TextBlock] Attached
Attached
97
[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] 1 2 3
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
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]
KAMLESH PRATIK
MITUL KAMLESH
Name of key managerial personnel or director RAMANLAL
SANGHAVI
KAMLESH
SANGHAVI SANGHAVI
Director identification number of key managerial personnel or
01095263 01095282 01095287
director
Date of birth of key managerial personnel or director 17/05/1953 29/11/1980 23/01/1984
Whole Time Whole Time
Designation of key managerial personnel or director Managing Director
Director Director
Qualification of key managerial personnel or director B. SC Chemical Engineer NNA
Shares held by key managerial personnel or director [shares] 1,20,000 [shares] 25,000 [shares] 25,000
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 3,60,00,000 3,60,00,000 3,60,00,000
Gross salary to key managerial personnel or director 3,60,00,000 3,60,00,000 3,60,00,000
Total key managerial personnel or director remuneration 3,60,00,000 3,60,00,000 3,60,00,000
[301000] Notes - Corporate social responsibility
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]
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 219-20 2018-19 2017-18
Profit before tax of financial year 16,65,76,163 43,22,99,585 41,29,13,162
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
16,65,76,163 43,22,99,585 41,29,13,162
of Companies (CSR Policy) Rules, 2014
98
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1 2 3
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year
[LineItems]
CSR project or activity identified Education Education PM Cares Fund
Other Central
Sector in which project is covered Education Education
Government Funds
Whether projects or programs undertaken in local area or other No NO NO
Name of state or union territory where projects or programs
Gujarat Gujarat All India
was undertaken
Name of district where projects or programs was undertaken Surat Surat All India
Budget amount outlay project or program wise 30,00,000 30,00,000 7,50,000
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 30,00,000 30,00,000 7,50,000
Total amount spent on projects or programs 30,00,000 30,00,000 7,50,000
Cumulative expenditure upto reporting period 30,00,000 30,00,000 7,50,000
Directly by Directly by Directly by
Mode of amount spent company company company

01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Average net profit for last three financial years 33,72,62,970
Prescribed CSR expenditure 67,45,259.4
Amount CSR to be spent for financial year 67,45,259.4
Amount CSR spent for financial year 67,50,000
Amount unspent CSR 0
Details of implementing agency 0
Disclosure responsibility statement of CSR committee that
implementation and monitoring of CSR policy is in compliance [See below]
with CSR policy of company
Disclosure of composition of CSR committee [Text Block]


99
Details CSR policy [Text Block]

THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT
A brief outline of the Company’s CSR Policy, including the overview of Projects or Programs proposed to be undertaken by the CSR Policy
and Projects or Programs :
The Company has framed a CSR Policy in accordance with the provisions of the Section 135, Schedule VII of the Companies Act, 2013 and
Companies (Corporate Social Responsibility Policy) Rules, 2014 (as amended from time to time).
The Composition of the CSR Committee :


3. Average Profit Before Tax of the Company for the last three years :
Rs. 3,37,26,297 /-
4. Prescribed CSR Expenditure (Two percent of the amount as in item 3 above) :

Rs. 67,45,259/-
5. Details of CSR Spent during the financial year (2020-21) :

(a) Total amount to be spent for the financial year : Rs. 67,50,000/-
(b) Amount unspent, if any : NIL
(c) Manner in which the amount spent during the financial year is detailed below
Projects or
Amount
programs (1) Amount spent on the
outlay (budget) Cumulative Amount spent:
Local area or projects or programs
project or expenditure Direct or
Sector in other Sub-heads: (1) Direct
CSR project programs wise upto the through
S. which (2) Specify the expenditure on
or activity reporting implementing
No Project is State and the projects or programs.
identified period agency
covered district where (2) Overheads:
projects or
(Rs.) (Rs.)
programs was (Rs.)
(Rs.)
undertaken
ensuring Other Shree

vi of Sch.
1. environmental Sjurat NA 30,00,000/- 30,00,000/- SumatiJeevRaksha
7
sustainability Gujarat Kendra
ensuring Other
vi of Sch. K P Sanghvi
2. environmental Sjurat NA 30,00,,000/- 30,00,,000/-
7 Charitable Trust
sustainability Gujarat
ensuring
3 environmental All India NA 7,50,000/- 7,50,000/- P M Care
sustainability
6 . Reasons for not spending the prescribed amount: Not Applicable
7 . The CSR Committee states that the implementation and monitoring of CSR Policy, is in compliance with CSR Objectives and Policy of
the Company.
100
Disclosure responsibility statement of CSR committee that implementation and monitoring of CSR policy is in
compliance with CSR policy of company
THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT 1. A brief outline of the Company’s
CSR Policy, including the overview of Projects or Programs proposed to be undertaken by the CSR Policy and Projects or Programs : The
Company has framed a CSR Policy in accordance with the provisions of the Section 135, Schedule VII of the Companies Act, 2013 and
Companies (Corporate Social Responsibility Policy) Rules, 2014 (as amended from time to time). 2. The Composition of the CSR Committee
: The Composition of CSR Committee is as under: i) Mr. Kamlesh R Sanghavi CMD ii) Ms. Daksha K Sanghavi Director iii) Mr. Mitul K
Sanghavi Director iv) Mr. Pratik K Sanghavi Director 3. Average Profit Before Tax of the Company for the last three years : Rs.
37,01,51,210/- 4. Prescribed CSR Expenditure (Two percent of the amount as in item 3 above) : Rs. 74,03,024.20 5. Details of CSR Spent
during the financial year (2019-20) : (a) Total amount to be spent for the financial year : Rs. 63,00,000/- (b) Amount unspent, if any :
2019-20 Rs. 11,03,024.20
101

Akry Organics PVT LTD: (400100) Disclosure of General Information About Company

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Akry Organics PVT LTD: (400100) Disclosure of General Information About Company

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AKRY ORGANICS PVT LTD

Standalone Financial Statements for period 01/04/2020 to 31/03/2021

[400100] Disclosure of general information about company

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

[400400] Disclosures - Directors report

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

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

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Current Year Previous Year

Profit before depreciation & tax 606101368 221397901

Less: Depreciation 90412365 54821738

Profit for the year after tax 351579410 115436193

Add/(Less): Balance B/F from Previous year 2104658584 1989222391

Balance carried to Balance Sheet 2456237994 2104658584

17) DIRECTORS: Directors are not liable to retire by rotation.

24) ANNUAL RETURN

FOR AND ON BEHALF OF THE BOARD

PLACE : MUMBAI ( Mitul Sanghavi ) (Pratik Sanghavi)

(A) Conservation of energy -

(B) Technology absorption-

(C) Foreign exchange earnings and Outgo-

Particulars Current Year Rs. Previous Year Rs.

FOB cost of Export of materials 451451435 471868771

Freight Recovered on sales 21571379 16382985

Total 473022814 488251556

Particulars Current Year Rs. Previous Year Rs.

CIF Value of Import of Raw Material 659209328 862678602

CIF Value of trading Goods 815005417 1451091328

Travelling Expenses NI 1633292

Interest and Finance Charges 43772995 66690683

Commission 471861 885719

Total 1518459601 2382979624

Remuneration Rs. 3,60,00,000/- 3,60,00,000/- 3,60,00,000/-

Qualifications B. Sc. Chemical Engineer BBA

Experience 37 years 16 years 14 years

Date of Employment 08-04-1993

Last Employment Self Employed. Self Employed Self Employed

Relation with other Director Father/Husband Son/Brother Son/Brother

The Composition of the CSR Committee :

Mr. Kamlesh R Sanghavi CMD

4. Prescribed CSR Expenditure (Two percent of the amount as in item 3 above) :

5. Details of CSR Spent during the financial year (2020-21) :

(b) Amount unspent, if any : NIL

ensuring Other Shree

6 . Reasons for not spending the prescribed amount: Not Applicable

Managing Director Chair person CSR Committee

FORM NO. AOC -2

Details of contracts or arrangements or transactions at Arm’s length basis.

SL. No. Particulars Details

Name (s) of the related party & Authentic Petro Products

Nature of contracts/ Purchase/sales of material /

Unlimited. As arrangement As arrangement was Unlimited. As arrangement

Salient terms of the contracts or

Date of approval by the Board

Amount paid as advances, if any NIL NIL NIL

Textual information (2)

I. REGISTRATION AND OTHER DETAILS :

NIC Code of the % to total turnover of the

Manufacture of organic and inorganic chemical

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

c) State Govt (s)