XBRL Document in Respect Consolidated Financial Statement - 2020-21

CREMICA FOOD INDUSTRIES LIMITED
Consolidated 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
Corporate identity number U15400PB2013PLC037640
Permanent account number of entity AAFCC3433K
THEING ROAD PHILLAUR
Address of registered office of company Jalandhar PB 144410
Commercial and
Type of industry Industrial
Number of employees in the company at the end of the financial Year 708
Whether company has published sustainability report for the financial
No
Year
Period covered by financial statements 2020-2021
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 Consolidated
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
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] ONE
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
S. R. Batliboi &
Name of audit firm Co.LLP
Name of auditor signing report Anil Mehta
Firms registration number of audit firm 301003E/ E300005
Membership number of auditor 095812
4th Floor, Office
405, World Mark-2,
Asset No. 8, IGI
Address of auditors Airport Hospitality
District, Aerocity,
New Delhi-110037
Permanent account number of auditor or auditor's firm ACHFS9180N
SRN of form ADT-1 G30983456
Date of signing audit report by auditors 14/02/2022
Date of signing of balance sheet by auditors 14/02/2022
CREMICA FOOD INDUSTRIES LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021

01/04/2020
to
31/03/2021
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
2
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To the Members of Cremica Food Industries Limited
Report on the Audit of the ConsolidatedFinancial Statements
Qualified Opinion
We have audited the accompanying consolidatedfinancial statements of Cremica Food Industries Limited(hereinafter referred to as “the Holding
Company”), its subsidiaries (the Holding Company and subsidiaries together referred to as “the Group”), comprising the consolidated Balance
sheet as at March 31 2021, the consolidated Statement of Profit and Loss,and theconsolidatedCash Flow Statement for the year then ended, and
notes to the financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred
to as “the consolidated financial statement”).
In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matters described in
the ‘Basis of Qualified Opinion’ section of our report, the aforesaid consolidatedfinancial 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 principles generally
accepted in India, of the consolidated state of affairs of the Group as at March 31, 2021, theirconsolidatedprofit andtheirconsolidatedcash flowsfor
the year ended on that date.
Basis for Qualified Opinion
As stated in note no. 40 to the consolidated financial statements, as at year end, there is outstanding advance amounting to Rs. 276,128,358
(previous year Rs 317,559,231) given to the wholly owned subsidiary for processing of raw material. In addition, there are other recoverable
balances outstanding amounting to Rs. 161,029,604 (previous year Rs.98,214,235) as at the year.Although the balances have been eliminated as
part of inter-company eliminations in preparation of the consolidated financial statements, but, In absence of sufficient appropriate evidence
regarding the recoverability of the advance and other recoverable balances for the purpose it was given or otherwise, and any exposure in relation
to guarantees given and adjustments, if any, we are unable to comment on the consequential impact on both the compliance under section 186 of
the Companies Act, 2013. Our audit report for the previous year ended March 31, 2020 was also qualified for the above matters.
We conducted our audit of the consolidatedfinancial statements in accordance with the Standards on Auditing (SAs),as specified under section
143(10) of the Act. Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the
ConsolidatedFinancial Statements’section of our report. We are independent of the Group in accordance with the ‘Code of Ethics’issued by the
Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidatedfinancial
statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our qualified audit opinion on the consolidatedfinancial statements.
Emphasis of Matter:
We draw attention to Note 44 of the accompanying consolidated financial statements explaining that for the year ended March 31, 2021, the
Holding Companyhas defaulted in holding its Annual General Meeting (AGM) within the time period of nine months (including three months
extension) from the date of its year end, which is in contravention of the relevant provisions of the Companies Act, 2013. As represented to us,
the management of the Holding Companyis in the process of taking necessary action for compounding such offence and is of the view that it
would not have any material financial impact in these consolidated financial statements and accordingly no adjustments are considered necessary
in these consolidated financial statements at this stage. Our opinion is not qualified in respect of this matter
We draw attention to note no. 47(a) to the consolidated financial statement, which describes the uncertainties and the management’s assessment
of the impact of COVID-19 pandemic on the Group’s operations, assets, cash flows and results, which is highly dependent on future
developments and circumstances as they evolve. Our opinion is not qualified in respect of this matter.”
We draw attention to Note 45 to the consolidated financial statements, which describes the status of setting up of an Industrial unit at Noida under
“Integrated Cold Chain and value Addition Infrastructure” (Scheme) which was approved by Ministry of Food Processing Industries (MoFPI) and
the holding Company’s management assessment for the completion of the above project. Our opinion is not qualified in respect of this matter.
Other Information
TheHoldingCompany’s Board of Directors is responsible for the other information. The other information comprises the information included in
the Director’sreport,but does not include the consolidatedfinancial statements and our auditor’s report thereon.
Our opinion on the consolidatedfinancial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
3
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider
whether such other information is materially inconsistent with the consolidated 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.
Responsibilityof Management for theFinancial Statements
TheHoldingCompany’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of
these consolidatedfinancial statements that give a true and fair view of theconsolidated financial position, consolidated financial
performanceandconsolidatedcash flows of the Groupin accordance with the accounting principles generally accepted in India, including the
Companies (Accounting Standards) Rules, 2006 (as amended) specified under section 133 of the Act, read with the Companies (Accounts) Rules,
2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding
of the assets of the Group 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 the 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 consolidatedfinancial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error which have been used for the purpose of preparation of the consolidated financial statements by the Directors of the
Holding Company, as aforesaid.
In preparing the consolidated financial statements, the respective Board of Directors of the companies included in the Group are responsible for
assessing the ability of the Group 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 Group or to cease operations, or has no realistic alternative but to
do so.
Those respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of
the Group.
Auditor’s Responsibilities for the Audit of the ConsolidatedFinancial Statements
Our objectives are to obtain reasonable assurance about whether the consolidatedfinancial 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 theseconsolidatedfinancial statements.
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 consolidatedfinancial 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 Holding Company has adequate internal
financial controls system 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 Group 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
consolidated 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 Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidatedfinancial statements, including the disclosures, and whether the
consolidatedfinancial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding of the Holding Company and such other entities included in the consolidated
financial statements of which we are the independent auditors 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.
Other Matter
We did not audit the financial statements and other financial information, in respect of three subsidiaries, whose financial statements include total
assets of Rs 1,268,557,657 as at March 31, 2021, and total revenues of Rs 107,162,300 and total net (loss) of (Rs.113,527,785) and net cash
(outflows) of (Rs. 6,893,418) for the year ended on that date. These financial statement and other financial information have been audited by other
auditors, which financial statements, other financial information and auditor’s reports have been furnished to us by the management. Our opinion
on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, and our
report in terms of sub-sections (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries, is based solely on the reports of
such other auditors.
4
Our opinion above on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements below, is not modified
in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements and
other financial information certified by the Management.
Report on Other Legal and Regulatory Requirements
As required by Section 143(3) of the Act, we report that:
We have sought and except for the matter described in the Basis for Qualified Opinion paragraph, obtained all the information and explanations
which to the best of our knowledge and belief were necessary for the purposes of our audit;
Except for the matter described in the Basis for Qualified Opinion paragraph, 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 Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss, and theConsolidatedCash Flow Statement dealt with by this
Report are in agreement with the books of account;
Except for the effects of the matter described in the Basis for Qualified Opinion paragraph, in our opinion, the aforesaidconsolidatedfinancial
statements comply with the Companies (Accounting Standards) Rules, 2006 (as amended) specified under section 133 of the Act, read with the
Companies (Accounts) Rules, 2014;
The matter described in the Basis for Qualified Opinion and Emphasis of matters paragraph above, in our opinion, may have an adverse effect on
the functioning of the Holding Company.
On the basis of the written representations received from the directors of the Holding Company as onMarch 31, 2021 taken on record by the
Board of Directors of the Holding Company, and the reports of the statutory auditors who are appointed under Section 139 of the Act, of its
subsidiary companies incorporated in India, none of the directors of the Holding Company’s companies, its subsidiary incorporated in India is
disqualified as on March31, 2021 from being appointed as a director in terms of Section 164 (2) of the Act;
The qualification relating to the maintenance of accounts and other matters connected therewith are as stated in the Basis for Qualified Opinion
paragraph above;
With respect to the adequacy and the operating effectiveness of the internal financial controls over financial reporting with reference to these
consolidated financial statements of the Holding Company and its subsidiary companies, refer to our separate report in “Annexure 1” to this
report;
In our opinion, the managerial remuneration for the year ended March 31, 2021 has been paid / provided by the Holding Company to its directors
in accordance with the provisions of section 197 read with Schedule V to the Act;
With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules,
2014, as amended in our opinion and to the best of our information and according to the explanations given to us:
The Group has disclosed the impact of pending litigations on its financial position in its Consolidated financial statements – Refer Note 28to the
Consolidated financial statements;
The Group did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the by the Holding Company and
its subsidiaries, incorporated in India during the year ended March 31, 2021.
For S.R. Batliboi&Co. LLP

Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
per Anil Mehta

Partner
Membership Number: 095812
UDIN Number: 22095812ACFPVL8075
Place of Signature: New Delhi
Date: February 14, 2022
ANNEXURE TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE CONSOLIDATEDFINANCIAL STATEMENTS
OF CREMICA FOOD INDUSTRIES LIMTED
5
Report on the Internal Financial Controlsunder Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
We were engaged to audit the internal financial controls over financial reporting of Cremica Food Industries Limited (hereinafter referred to as
“the Holding Company”) and its subsidiaries which are companies incorporated in India (Holding Company and its subsidiaries together referred
to as “the Group”), , as of March 31, 2021, in conjunction with our audit of the consolidated financial statements of the Company for the year
ended on that date.
Management’s Responsibility for Internal Financial Controls
The respective Board of Directors of the companies included in the Group, its subsidiaries companies, which are incorporated in India, which are
companies incorporated in India, are responsible for laying down and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Holding 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 (ICAI).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 the respective 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. Also refer note 47 (b) to the consolidate financial statement.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Holding Company's internal financial controls with reference to consolidatedfinancial
statements based on our audit conducted in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting
(the “Guidance Note”) and the Standards on Auditing, asspecified under section 143(10) of the Act, to the extent applicable to an audit of internal
financial controls, both issued by the ICAI.
Because of the matter described in Disclaimer of Opinion paragraph below, we were not able to obtain sufficient appropriate audit evidence to
provide a basis for an audit opinion on internal financial controls with reference to consolidatedfinancial statements of the HoldingCompany.
(Also refer note XX)
Meaning of Internal Financial Controls With Reference to ConsolidatedFinancial Statements
A company's internal financial control with reference to these consolidated financial statements 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 with reference to consolidatedfinancial statements 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.
Disclaimer of Opinion
According to the information and explanation given to us, the Holding Company has not established its internal financial control with reference to
consolidatedfinancial statements on criteria based on or considering the essential components of internal control stated in the Guidance Note
issued by the ICAI. Because of this reason, we are unable to obtain sufficient appropriate audit evidence to provide a basis for our opinion
whether the Holding Company had adequate internal financial controls with reference to consolidated financial statements as at March 31, 2021
and whether such internal financial controls were operating effectively. Accordingly, we do not express an opinion on Internal Financial Controls
with reference to consolidatedfinancial statements. This was also the subject matter of disclaimer by us in previous year as well and same has not
been remediated during the year.
Other Matter
Our report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over financial
reporting with reference to these consolidated financial statements of the Holding Company, insofar as it relates to a subsidiary company, which
are companies incorporated in India, is based on the corresponding reports of the auditors of such subsidiary.
Further, two other subsidiaries, being exempted under clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 by virtue of MCA
notification no. G.S.R. 583(E) dated June 13, 2017, read with corrigendum dated July 13, 2017 on reporting on internal financial controls over
financial reporting, and the auditors of such subsidiaries have not issued a report on adequacy and operating effectiveness of the internal financial
control over financial reporting of the subsidiaries, hence the same is not covered by us in our report on internal financial controls over financial
reporting.
Explanatory paragraph
We also have audited, in accordance with the Standards on Auditing issued by the ICAI , as specified under Section 143(10) of the Act, the
consolidated financial statements of the Holding Company, which comprise the consolidated Balance Sheet as at March 31, 2021, and the
consolidated Statement of Profit and Lossand consolidated Cash Flow Statementfor the year then ended,and notes to the consolidated financial
6
statements, including a summary of significant accounting policies and other explanatory information, and our report dated February 14, 2022
expressed qualified opinion. We have considered the disclaimer reported above in determining the nature, timing, and extent of audit tests applied
in our audit of the consolidatedfinancial statements of the Holding Company, and the disclaimer does not affect our opinion on the
consolidatedfinancial statements of the Holding Company.
For S.R. Batliboi & Co. LLP

Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
per Anil Mehta

Partner
Membership Number: 095812
Place of Signature: New Delhi
Date: February 14, 2022
7
[100100] Balance sheet

31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 7,24,51,580 7,24,51,580
Reserves and surplus 52,18,79,353 80,32,12,749.4
Total shareholders' funds 59,43,30,933 87,56,64,329.4
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 44,05,85,796 33,72,57,284
Deferred tax liabilities (net) (A) 2,97,74,327

1,85,55,540
Other long-term liabilities 11,50,85,410 5,97,11,789

Long-term provisions 2,99,26,746 2,76,19,984
Total non-current liabilities 61,53,72,279 44,31,44,597
Current liabilities [Abstract]
Short-term borrowings 30,09,71,952 30,18,49,990
Trade payables (B) 61,27,16,964

64,20,28,551.6
Other current liabilities 13,12,96,928 11,01,36,303

Short-term provisions 4,15,18,350 2,75,43,203
Total current liabilities 108,65,04,194 108,15,58,047.6
Total equity and liabilities 229,62,07,406 240,03,66,974
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 133,30,03,506 141,46,10,587 50,16,09,326
Intangible assets 28,43,818.05 37,95,424 48,01,035
Tangible assets capital work-in-progress (C) 4,40,18,180.65

4,89,00,325
Intangible assets under development or work-in-progress (D) 0 2,12,56,671

Total fixed assets 137,98,65,504.7 148,85,63,007
Non-current investments 0 0
Long-term loans and advances 11,14,32,570 11,24,81,658
Other non-current assets 5,79,03,270 1,59,75,339
Total non-current assets 154,92,01,344.7 161,70,20,004
Current assets [Abstract]
Current investments 0 0
Inventories 36,47,18,299 39,33,91,064
Trade receivables 18,48,52,967.3 17,76,93,200
Cash and bank balances 2,88,66,312 5,96,93,696
Short-term loans and advances 16,46,24,415 14,83,12,055
Other current assets 39,44,068 42,56,955
Total current assets 74,70,06,061.3 78,33,46,970
Total assets 229,62,07,406 240,03,66,974
8
Footnotes
(A)
12. Deferred tax assets/ liability (net)
As at As at
March 31, March 31,
2021 2020
Deferred tax liability
Impact of difference between Income Tax depreciation

and depreciation/amortization charged for financial -41244353 -33592116
reporting
Gross deferred tax liability -41244353 -33592116
Deferred tax asset
Impact of expenditure charged to the statement of

profit and loss in the current year but allowable for tax 2867414 8742990
purposes on payment basis
Provision for bad and doubtful advances and debts 8602612 840283
Provision for obsolesce of inventory 0 5453303
Gross deferred tax asset 11470026 15036576
Net deferred tax (Liability)/Asset -29774327 -18555540
* During the year, the Holding Company has

reassessed the recognition of deferred tax asset on
unabsorbed depreciation and business losses and
other timing differences as per reasonable certainty
and virtual certainty principle as required by
Accounting Standard 22, on Accounting for Taxes on
Income and accordingly recognised deferred tax
assets to the extent of deferred tax liabilities. The
subsidiary company also not recognised deferred tax
asset on unabsorbed depreciation & business loss in
accordance with the requirement of Accounting
standered-22 "Accounting for taxes on Income".
(B)
9. Other Current Liabilities
9
As at As at
March 31, March 31,
2021 2020
Trade payables
- Total outstanding dues of micro enterprises and small enterprises

79904392 58587572
(refer note 30)
- Total outstanding dues of creditors other than micro enterprises

532812572 583440980
and small enterprises
(A) 612716964 642028552
(C)
March 31, 2021 March 31, 2020
Capital work in progress (also refer note 45) 44018182 48900325
(D) Goodwill on consolidation
10
[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 -29,29,69,185 -9,49,38,305
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 8,91,65,022 6,01,05,716
Adjustments for depreciation and amortisation expense 10,39,37,107 10,49,87,715
Other adjustments to reconcile profit (loss) 7,37,843 -4,36,92,950
Other adjustments for non-cash items (A) 5,29,53,639

2,53,68,992
Total adjustments to profit (loss) 24,67,93,611 14,67,69,473

Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 1,89,26,675 -7,88,22,229
Adjustments for decrease (increase) in trade receivables -3,46,26,396 -3,03,31,281
Adjustments for decrease (increase) in other current assets -3,31,27,069 -2,76,47,645
Adjustments for increase (decrease) in trade payables 4,05,40,633 8,83,26,069
Adjustments for provisions 12,81,909 64,28,036
Total adjustments for working capital -70,04,248 -4,20,47,050
Total adjustments for reconcile profit (loss) 23,97,89,363 10,47,22,423
Net cash flows from (used in) operations -5,31,79,822 97,84,118
Interest received -57,00,536 -45,50,046
Income taxes paid (refund) 17,57,600 84,29,592
Net cash flows from (used in) operating activities before extraordinary
-6,06,37,958 -31,95,520
items
Net cash flows from (used in) operating activities -6,06,37,958 -31,95,520
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 16,50,000 9,76,11,082
Purchase of tangible assets 3,07,82,408 6,98,07,777
Interest received 58,91,632 24,20,306
Other inflows (outflows) of cash (B) 6,01,26,499

18,92,681
Net cash flows from (used in) investing activities before extraordinary
3,68,85,723 3,21,16,292
items
Net cash flows from (used in) investing activities 3,68,85,723 3,21,16,292
Cash flows from used in financing activities [Abstract]
Repayments of borrowings -12,06,09,740 -2,61,66,864
Dividends paid 3,25,920 3,62,574
Interest paid 9,00,12,470 6,08,43,284
Net cash flows from (used in) financing activities before extraordinary
3,02,71,350 -3,50,38,994
items
Net cash flows from (used in) financing activities 3,02,71,350 -3,50,38,994
Net increase (decrease) in cash and cash equivalents before effect of
65,19,115 -61,18,222
exchange rate changes
Net increase (decrease) in cash and cash equivalents 65,19,115 -61,18,222
Cash and cash equivalents cash flow statement at end of period 1,37,00,312 71,81,197 1,32,99,419
11
Footnotes
(A) It includes
Provision for doubtful debts and advances 28537760
Provision for Contingencies 15000000
Provision for obsolence of inventory created 9746090
Employee Stock Compensation Expense 400499
Provision/ Liability no longer required written back -288722
(Profit)/Loss on sale of property, plant and equipment's 337344
Unrealised exchange (loss)/ gain -41489
(B) It includes
Grant received from government 22780000
Investments in bank deposits having maturity more than three months 0
Proceeds from sale of investments in bank deposit having maturity more than three months 37346499
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] 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 SHARES EQUITY SHARES EQUITY SHARES EQUITY SHARES
India Agri Business India Agri Business
Name of shareholder AKSHAY BECTOR AKSHAY BECTOR
Fund-II Limited Fund-II Limited
PAN of shareholder ABJPB4769K ABJPB4769K
Country of incorporation or residence of
INDIA INDIA MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 40,06,830 [shares] 40,06,830 [shares] 25,50,880 [shares] 25,50,880
Percentage of shareholding in company 55.30% 55.30% 35.20% 35.21%
12
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] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares issued 7,24,51,580 7,24,51,580 7,24,51,580
Number of shares subscribed and fully paid [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares subscribed and fully paid 7,24,51,580 7,24,51,580 7,24,51,580
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] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Total value of shares subscribed 7,24,51,580 7,24,51,580 7,24,51,580
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares called 7,24,51,580 7,24,51,580 7,24,51,580
Value of shares paid-up 7,24,51,580 7,24,51,580 7,24,51,580
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 14,67,506 [shares] 0
debentures preference shares during
period
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
Number of shares issued under employee
stock option plan
Total aggregate number of shares issued
[shares] 0 [shares] 14,68,398 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Other decrease in number of shares [shares] 0 [shares] 18,12,869
Total decrease in number of shares during
[shares] 0 [shares] 18,12,869
period
Total increase (decrease) in number of
[shares] 0 [shares] -3,44,471 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 72,45,158 [shares] 72,45,158 [shares] 75,89,629 [shares] 72,45,158
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 private placement issue
arising out of conversion of debentures 0 1,46,75,060 0
preference shares during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
13
Amount of issue under scheme of

0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 8,920 0
issued during period
Total aggregate amount of increase in
0 1,46,83,980 0
share capital during period
Decrease in share capital during period
[Abstract]
Other decrease in amount of shares 0 1,81,28,690
Total decrease in share capital during
0 1,81,28,690
period
Total increase (decrease) in share capital 0 -34,44,710 0
Share capital at end of period 7,24,51,580 7,24,51,580 7,24,51,580
Rights preferences and restrictions attaching
to class of share capital
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
Description of whether company have
sufficient authorised capital to cover
proposed share capital amount resulting from
allotment
Over due period for which application
money is pending prior to allotment of
shares
Reason for over due period for which
application money is pending prior to
allotment of shares
14

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 EQUITY SHARES EQUITY SHARES
Number of shares authorised [shares] 80,00,000 [shares] 1,00,00,000 [shares] 80,00,000
Value of shares authorised 8,00,00,000 10,00,00,000 8,00,00,000
Number of shares issued [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares issued 7,24,51,580 7,24,51,580 7,24,51,580
Number of shares subscribed and fully paid [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares subscribed and fully paid 7,24,51,580 7,24,51,580 7,24,51,580
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] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Total value of shares subscribed 7,24,51,580 7,24,51,580 7,24,51,580
Number of shares paid-up [shares] 72,45,158 [shares] 72,45,158 [shares] 72,45,158
Value of shares called 7,24,51,580 7,24,51,580 7,24,51,580
Value of shares paid-up 7,24,51,580 7,24,51,580 7,24,51,580
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
[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
Number of shares issued in private
placement arising out of conversion of
[shares] 14,67,506 [shares] 0 [shares] 14,67,506
debentures preference shares during
period
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
Number of shares issued under employee
stock option plan
Total aggregate number of shares issued
during period
shares outstanding
Number of shares outstanding at end of period [shares] 72,45,158 [shares] 57,76,760 [shares] 72,45,158 [shares] 72,45,158
[Abstract]
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 1,46,75,060 0 1,46,75,060
preference shares during period
contracts without payment 0 0 0
0 0 0
Amount of other issues during period 0 0 0
15
Amount of employee stock option plan

8,920 0 8,920
issued during period
Total aggregate amount of increase in
1,46,83,980 0 1,46,83,980
share capital during period
Total increase (decrease) in share capital 1,46,83,980 0 1,46,83,980
Share capital at end of period 7,24,51,580 5,77,67,600 7,24,51,580 7,24,51,580
Rights preferences and restrictions attaching Textual information Textual information
to class of share capital (2) [See below] (3) [See below]
allotment of securities and due for refund 0 0 0
YES YES
allotment
money is pending prior to allotment of NA NA
shares
application money is pending prior to NA NA
allotment of shares
16

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] 0 [shares] 20,00,000
Value of shares authorised 0 2,00,00,000
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
Decrease in number of shares during period
[Abstract]
Total decrease in number of shares during
[shares] 0 [shares] 18,12,869
period
[shares] 0 [shares] -18,12,869
shares outstanding
Number of shares outstanding at end of period [shares] 57,76,760 [shares] 0 [shares] 0 [shares] 18,12,869
[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
Decrease in share capital during period
[Abstract]
Total decrease in share capital during
0 1,81,28,690
period
Total increase (decrease) in share capital 0 -1,81,28,690
Share capital at end of period 5,77,67,600 0 0 1,81,28,690
17
Rights preferences and restrictions attaching

to class of share capital
allotment of securities and due for refund 0 0
allotment
money is pending prior to allotment of
shares
application money is pending prior to
allotment of shares
18

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
2% Compulsory 2% Compulsory
Type of share convertible cumulative convertible cumulative
preference shares preference shares
Number of shares authorised [shares] 0 [shares] 20,00,000
Value of shares authorised 0 2,00,00,000
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
[shares] 0 [shares] 0
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
Decrease in number of shares during period [Abstract]
Total decrease in number of shares during period [shares] 0 [shares] 18,12,869
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] -18,12,869
[shares]
Number of shares outstanding at end of period [shares] 0 [shares] 0
18,12,869
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
Decrease in share capital during period [Abstract]
Total decrease in share capital during period 0 1,81,28,690
Total increase (decrease) in share capital 0 -1,81,28,690
Share capital at end of period 0 0 1,81,28,690
Rights preferences and restrictions attaching to class of share Textual information (4) Textual information (5)
capital [See below] [See below]
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
19
Description of whether company have sufficient

authorised capital to cover proposed share capital YES YES
amount resulting from allotment
Over due period for which application money is pending prior
NA NA
to allotment of shares
Reason for over due period for which application money is
NA NA
pending prior to allotment of shares

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
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
Rights preferences and restrictions attaching to class of share capital

The Group has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per
share. The Group declares and pays dividend in Indian rupees. The dividend proposed by board of director is subject to approval of the
shareholder in the ensuing annual general meeting.

The Group has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per
share. The Group declares and pays dividend in Indian rupees. The dividend proposed by board of director is subject to approval of the
shareholder in the ensuing annual general meeting.

The Group has 1,812,869 CCCPS of Rs. 10/- each fully paid-up at a premium of Rs. 282/- per share. CCCPS carry cumulative coupon @ 2%.
Each of CCCPS held by investor shall be entitled to a rate of dividend equivalent to a rate of dividend declared by the Board on the Equity Shares.
The dividend payable on CCCPS shall be cumulative in nature. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuring Annual General Meeting. CCCPS were due for the conversion into equity shares during the financial year 2019-20
and accordingly these CCCPS has been converted in to 1,467,506 equity shares of Rs. 10 each fully paid up on February 25, 2020 at a premium of
Rs 2.35 per share.

The Group has 1,812,869 CCCPS of Rs. 10/- each fully paid-up at a premium of Rs. 282/- per share. CCCPS carry cumulative coupon @ 2%.
Each of CCCPS held by investor shall be entitled to a rate of dividend equivalent to a rate of dividend declared by the Board on the Equity Shares.
The dividend payable on CCCPS shall be cumulative in nature. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuring Annual General Meeting. CCCPS were due for the conversion into equity shares during the financial year 2019-20
and accordingly these CCCPS has been converted in to 1,467,506 equity shares of Rs. 10 each fully paid up on February 25, 2020 at a premium of
Rs 2.35 per share.
20
Disclosure of notes on share capital explanatory [Text Block]
3. Share Capital
As at As at
March 31, March 31,
2021 2020
Authorized share capital:
10,000,000 (March 31, 2020: 8,000,000) equity shares

100000000 80000000
of Rs.10/- each
Nil (March 31, 2020: 2,000,000) Series “A” 2%

compulsory convertible
cumulative preference shares (CCCPS) of Rs.10/-

0 20000000
each
Issued, subscribed and fully paid-up share capital
7,245,158 (March 31, 2020: 7,245,158) equity shares

72451580 72451580
of Rs.10/- each
(a) Reconciliation of shares outstanding at the

beginning and at the end of the reporting year
As at
As at March
(i) Equity shares March 31,
31, 2020
2021
Number Number of
Amount Amount
of shares shares
At the beginning of the year 7245158 72451580 5776760 57767600
Add: Issued during the year against conversion of

0 0 1467506 14675060
CCCPS
21
Add:- Issue against ESOP 0 0 892 8920
Outstanding at the end of the year 7245158 72451580 7245158 72451580
(ii) 2% Compulsory convertible cumulative preference

shares
As at
As at March
March 31,
31, 2020
2021
Number Number of
Amount Amount
of shares shares
At the beginning of the year 0 0 1812869 18128690
Less: Converted during the year 0 0 -1812869 -18128690
Outstanding at the end of the year 0 0 0 0
The Group has only one class of equity shares having

a par value of Rs.10/- per share. Each holder of equity
shares is entitled to one vote per share. The Group
declares and pays dividend in Indian rupees. The
dividend proposed (if any) by board of director is
subject to approval of the shareholder in the ensuing
annual general meeting.
In the event of liquidation of the Group, the holders of
equity share will be entitled to receive the remaining
assets of the Group after distribution of all preferential
amounts. The distribution will be in proportion to the
number of equity shares held by the equity
shareholders.
(c) Terms of conversion of 2% Compulsory Convertible

Cumulative Preference shares (CCCPS)
Till the previous year, The Group has 1,812,869

CCCPS of Rs. 10/- each fully paid-up at a premium of
Rs. 282/- per share. CCCPS carry cumulative coupon
@ 2%. Each of CCCPS held by investor shall be
entitled to a rate of dividend equivalent to a rate of
dividend declared by the Board on the Equity Shares.
The dividend payable on CCCPS shall be cumulative
in nature. The dividend proposed by the Board of
Directors is subject to the approval of the shareholders
in the ensuring Annual General Meeting. CCCPS were
due for the conversion into equity shares during the
financial year 2019-20 and accordingly these CCCPS
22
had been converted in to 1,467,506 equity shares of
23
Rs. 10 each fully paid up on February 25, 2020 at a

premium of Rs 2.35 per share.
(d) Details of shareholders holding more than 5%

shares in the Group
As at
As at March
March 31,
31, 2020
2021
No of No of
Equity Shares: % holding % holding
Shares Shares
Mr. Akshay Bector 4006830 0.553035558 4006830 0.553035558
India Agri Business Fund-II Limited, Mauritius 2550880 0.352080659 2550880 0.352080659
As per the records of the Group, including its register

of shareholder/members and other declarations
received from shareholders regarding beneficial
interest, the above shareholding represents both legal
and beneficial ownerships of shares.
As at As at
(e) Proposed and paid dividend March 31, March 31,
2021 2020
The board proposed and paid dividend on preference

shares after the balance sheet date:
Proposed till the date of conversion on CCCPS Rs. Nil

0 325920
(previous year: Rs. 0.20 per share)
DDT on proposed preference dividend 0 66995
Proposed and paid during the year Rs 0.20 per share,

till the date of conversion,
325920 362574
i.e. upto February 25, 2020 {for March 31, 2020: Rs.
0.20 per share (previous year: Rs. 0.20 per share)}
DDT on proposed preference dividend* 0 74529
24
* With effect from April 01, 2020, the Dividend

Distribution Tax (‘DDT’) payable by the company under
section 115O of IncomeTax Act was abolished and a
withholding tax was introduced on the payment of
dividend. As a result, dividend is now taxable in the
hands of the recipient
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Capital reserves
Components of reserves [Axis] Reserves [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
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -30,41,87,975 -11,33,65,380.6 0
Other additions to reserves 2,31,80,499 43,12,82,452 2,27,80,000
Total additions to reserves -28,10,07,476 31,79,17,071.4 2,27,80,000
Deductions to reserves [Abstract]
Other deductions to reserves 0 21,652
Total deductions to reserves 0 21,652
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation -3,25,920 0
Total interim dividend appropriation -3,25,920 0
Final dividend appropriation [Abstract]
Final preferred dividend appropriation 0 3,62,574
Total final dividend appropriation 0 3,62,574
Total dividend appropriation -3,25,920 3,62,574
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
-3,25,920 3,62,574 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves -28,06,81,556 31,75,32,845.4 2,27,80,000
Reserves at end of period 52,18,79,353 80,32,12,749.4 48,56,79,904 44,99,96,667
25

Components of reserves [Axis] Capital reserves [Member] Securities premium account [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 42,72,16,667 0 35,46,642
Total additions to reserves 42,72,16,667 0 35,46,642
0 0 0
Total changes in reserves 42,72,16,667 0 35,46,642
Reserves at end of period 42,72,16,667 0 51,54,10,204 51,54,10,204

Securities premium
Components of reserves [Axis] Employee stock options outstanding [Member]
account [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 4,00,499 5,19,143
Total additions to reserves 4,00,499 5,19,143
Deductions to reserves [Abstract]
Other deductions to reserves 0 21,652
Total deductions to reserves 0 21,652
Other appropriations 0 0
Transfer to general reserve 0 0
0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 4,00,499 4,97,491
Reserves at end of period 51,18,63,562 9,84,555 5,84,056 86,565
26

General reserve
Components of reserves [Axis] Other reserves [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
Profit (loss) for period 0 0 0
Other additions to reserves 0 0 0
Total additions to reserves 0 0 0
0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 36,79,02,702 36,79,02,702 36,79,02,702 36,79,02,702

Components of reserves [Axis] General reserve [Member] Surplus [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 -30,41,87,975 -11,33,65,380.6
Other additions to reserves 0 0 0
Total additions to reserves 0 -30,41,87,975 -11,33,65,380.6
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation -3,25,920 0
Total interim dividend appropriation -3,25,920 0
Final dividend appropriation [Abstract]
Final preferred dividend appropriation 0 3,62,574
Total final dividend appropriation 0 3,62,574
Total dividend appropriation -3,25,920 3,62,574
0 -3,25,920 3,62,574
Total changes in reserves 0 -30,38,62,055 -11,37,27,954.6
Reserves at end of period 36,79,02,702 36,79,02,702 -81,24,14,775 -50,79,00,879.6

Components of reserves [Axis] Surplus [Member]
31/03/2019
Reserves at end of period -39,41,72,925
27

01/04/2020
to
31/03/2021
Disclosure of notes on reserves explanatory [TextBlock] [See below]
28
Disclosure of notes on reserves explanatory [Text Block]
4. Reserves and Surplus
As at As at
March 31, March
2021 31, 2020
Securities premium account
Balance as per last financial statements 515410204 511863562
Premium received on conversion of 2% CCCPS 0 3453630
Premium received on issue of ESOP 0 71360
Transferred from ESOP 0 21652
Balance as at the year end (A) 515410204 515410204
General Reserve
Balance as per the last financial statement 367902702 367902702
Balance as at the year end (B) 367902702 367902702
Capital Reserve
Balance as per the last financial statements 427216667 0
Add: Transferred during the year (Refer Note 7) 0 427216667
Add: Received during the year 22780000 0
Balance as at the year end (C) 449996667 427216667
29
Employee stock options outstanding
Balance as per the last financial statements 584056 86565
Add: Compensation options granted during the year ( also

400499 519143
refer note 23)
Less: transferred to securities premium on exercise of stock

0 -21652
options
Closing Balance (D) 984555 584056
Deficit in the statement of profit and loss
Balance as per last financial statements -507900880 -394172925
Add:- (Loss)/ Profit for the year -304187975 -113365381
Appropriation
Dividend on preference shares (refer note 42) -325920 -362574
Tax on preference dividend (refer note 42) 0 0
Net deficit in the statement of profit and loss (E) -812414775 -507900880
Total reserve and surplus (A+B+C+D+E) 521879353 803212749
30
* This space has been intentionally left blank.*
[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 42,08,58,676 33,72,57,284 1,97,27,120 0
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 14,79,15,552 6,04,50,776 14,79,15,552 6,04,50,776
Nature of security
0 0 0 0
principal
0 0 0 0
interest
31

Classification of borrowings [Axis] Rupee term loans from banks [Member] Loans repayable on demand [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 14,79,15,552 6,04,50,776 26,39,15,084 26,39,15,084
Textual information Textual information
Nature of security (8) [See below] (9) [See below]
0 0 0 0
principal
0 0 0 0
interest

Loans repayable on demand from banks Loans and advances from related parties
Classification of borrowings [Axis]
[Member] [Member]
01/04/2020 01/04/2019
to to 31/03/2021 31/03/2020
31/03/2021 31/03/2020
Borrowings 26,39,15,084 26,39,15,084 1,97,27,120 0
0 0 0 0
principal
0 0 0 0
interest

Loans and advances from others
Classification of borrowings [Axis] Other loans and advances [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 1,97,27,120 0 90,28,040 1,28,91,424
Nature of security
0 0 0 0
principal
0 0 0 0
interest
32

Classification of borrowings [Axis] Loans taken for fixed assets [Member] Loans taken for vehicles [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 90,28,040 1,28,91,424 90,28,040 1,28,91,424
0 0 0 0
principal
0 0 0 0
interest

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
01/04/2020 01/04/2019
to to 31/03/2021 31/03/2020
31/03/2021 31/03/2020
Borrowings 30,08,71,952 30,17,49,990 1,00,000 1,00,000
Nature of security
0 0 0 0
principal
0 0 0 0
interest

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [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 29,09,80,288 18,47,10,831 29,09,80,288 18,47,10,831
Nature of security
0 0 0 0
principal
0 0 0 0
interest
33

Classification of borrowings [Axis] Rupee term loans from banks [Member] Loans repayable on demand [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 29,09,80,288 18,47,10,831 98,91,664 11,70,39,159
0 0 0 0
principal
0 0 0 0
interest

Loans repayable on demand from banks Loans and advances from related parties
[Member] [Member]
01/04/2020 01/04/2019
to to 31/03/2021 31/03/2020
31/03/2021 31/03/2020
Borrowings 98,91,664 11,70,39,159 1,00,000 1,00,000
Overdraft facilities
Overdraft facilities
from bank are
from bank are secured
secured by fixed
by fixed deposit to the
deposit to the extent
Nature of security of 110% of the
extent of 110% of the
facility amount duly
facility amount duly
lien marked in the
lien marked in the
favour of the bank.
favour of the bank.
0 0 0 0
principal
0 0 0 0
interest

Loans and advances from others
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
31/03/2021 31/03/2020
Borrowings 1,00,000 1,00,000
Outstanding amount of continuing default principal 0 0
Outstanding amount of continuing default interest 0 0
34

01/04/2020
to
31/03/2021
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
Nature of security
Corporate Loan from State Bank of India amounting to Rs Nil (previous year Rs 50,000,000), has been repaid during the year, is secured by first
charge and hypothecation of entire movable assets of the Company both present and future excluding vehicles financed by other banks/ financial
institutions and equitable mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar and building situated thereat. It is further
secured by - first charge of land at village Chawl, Panvel, Dist. Raigarh, Maharashtra. - second charge on entire current assets of the Company
both present and future. - personal guarantee of Mr. Akshay Bector (Chairman & MD) and Mrs. Geeta Bector (Director). Interest on term loan
ranges between 11% to 16% p.a. approx.
Nature of security
Corporate Loan from State Bank of India amounting to Rs Nil (previous year Rs 50,000,000), has been repaid during the year, is secured by first
charge and hypothecation of entire movable assets of the Company both present and future excluding vehicles financed by other banks/ financial
institutions and equitable mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar and building situated thereat. It is further
secured by - first charge of land at village Chawl, Panvel, Dist. Raigarh, Maharashtra. - second charge on entire current assets of the Company
both present and future. - personal guarantee of Mr. Akshay Bector (Chairman & MD) and Mrs. Geeta Bector (Director). Interest on term loan
ranges between 11% to 16% p.a. approx.
Nature of security
Loans from National Bank For Agriculture And Rural Development (NABARD) is secured by primary security of mortgage of mega food park
project land - village Singha, Tehsil Haroli, District Una, Himachal Pradesh and hypothecation over plant and machinery and all movable assets,
entire present and future receivables/book debts in relation to the project of Cremica Food Park Private Limited and further secured by secondary
security of mortgage of industrial plot (leasehold land owned by the Holding Company) and corporate guarantee by the Company and personal
guarantee by Mr. Akshay Bector. The loan from NABARD carried rate of interest rate ranging from of 7.65 % to 9.45% at quarterly rest. This is
repayable on unequal quarterly instalments over a period 20 quarters starting from March 01, 2020 and ending on December 1, 2023. in original
but company availed moratorium on December 9, 2020 and the repayment is being re-scheduled to end on March 1, 2026.
Nature of security
Loans from National Bank For Agriculture And Rural Development (NABARD) is secured by primary security of mortgage of mega food park
project land - village Singha, Tehsil Haroli, District Una, Himachal Pradesh and hypothecation over plant and machinery and all movable assets,
entire present and future receivables/book debts in relation to the project of Cremica Food Park Private Limited and further secured by secondary
security of mortgage of industrial plot (leasehold land owned by the Holding Company) and corporate guarantee by the Company and personal
guarantee by Mr. Akshay Bector. The loan from NABARD carried rate of interest rate ranging from of 7.65 % to 9.45% at quarterly rest. This is
repayable on unequal quarterly instalments over a period 20 quarters starting from March 01, 2020 and ending on December 1, 2023. in original
but company availed moratorium on December 9, 2020 and the repayment is being re-scheduled to end on March 1, 2026.
Nature of security
Loans against vehicles from banks and financial institutions are secured by hypothecation of respective vehicles. The loans are repayable on
equally monthly instalments (EMI) basis and carry interest rate as per their respective loan agreements. Interest on vehicle loan ranges between
9% to 11% p.a. approx.
35
Nature of security
Loans against vehicles from banks and financial institutions are secured by hypothecation of respective vehicles. The loans are repayable on
equally monthly instalments (EMI) basis and carry interest rate as per their respective loan agreements. Interest on vehicle loan ranges between
9% to 11% p.a. approx.
Nature of security
Cash Credit from bank are secured by first charge on entire present and future current assets of the Company. These facilities are further secured
by first charge and hypothecation of entire movable assets of the Company both present and future excluding vehicles financed by other banks/
financial institutions and equitable mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar and building situated thereat.
These are further secured by - second charge on land at village Chawl, Panvel, Dist. Raigarh, Maharashtra. - personal guarantee of Mr. Akshay
Bector (Chairman & MD) and Mrs Geeta Bector (Director). These loans are repayable on demand and carries interest 10% to 12% per annum.
Nature of security
Cash Credit from bank are secured by first charge on entire present and future current assets of the Company. These facilities are further secured
by first charge and hypothecation of entire movable assets of the Company both present and future excluding vehicles financed by other banks/
financial institutions and equitable mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar and building situated thereat.
These are further secured by - second charge on land at village Chawl, Panvel, Dist. Raigarh, Maharashtra. - personal guarantee of Mr. Akshay
Bector (Chairman & MD) and Mrs Geeta Bector (Director). These loans are repayable on demand and carries interest 10% to 12% per annum.
36
Disclosure of notes on borrowings explanatory [Text Block]
5. Long-term Borrowings
As at As at
March 31, March 31,
2021 2020
Non-Current Current Non-Current Current
Term Loans (Secured)
Loan from banks * 147915552 62981008 60450776 44557000
Loan from NABARD** 263915084 0 263915084 0
Vehicle loans from banks*** 8044977 3980303 10923302 3843711
Vehicles loans from financial institutions*** 983063 1052162 1968122 1453496
Loans from Related Parties (also refer note 33) 19727120 0
440585796 68013473 337257284 49854207
Amount disclosed under the head "other liabilities" (refer

0 -68013473 0 -49854207
note 9)
Total 440585796 0 337257284 0
*(a) Corporate Term loan from ICICI Bank amounting to

Rs. NIL (previous year Rs. 93,75,000 ) is secured by
first pari passu on the current assets and exclusive
hypothecation of entire movable assets of the Company
both present and future excluding vehicles financed by
other banks/ financial institutions and exclusive
equitable mortgage of 8 Kanal of land located at Theing
Road, Phillaur, Dist. Jalandhar and building situated
thereat. It is further secured by
- other cross collateralization on residential flat of 8th
37
Southern Avenue Maharani Bagh of Mr. Akshay Bector

(Chairman and MD)
- personal guarantee of Mr. Akshay Bector (Chairman
and MD)
(b) Term loan from ICICI Bank amounting to Rs.
54,000,000 (previous year Rs. 79,000,000 ) is secured
by first pari passu on the current assets and exclusive
hypothecation of entire movable assets of the Company
both present and future excluding vehicles financed by
other banks/ financial institutions and exclusive
equitable mortgage of 8 Kanal of land located at Theing
Road, Phillaur, Dist. Jalandhar and building situated
thereat. It is further secured by
- other cross collateralization on residential flat of 8th
Southern Avenue Maharani Bagh of Mr. Akshay Bector
(Chairman and MD)
- personal guarantee of Mr. Akshay Bector (Chairman
and MD)
This loan is repayable on equal quarterly instalments,
over period of 12 quarters as follows:
- 4 quarterly instalments amounting to Rs. 7,000,000
each from September 30, 2020 (including moratorium
period availed of 6 months)
- 8 quarterly instalments amounting to Rs. 9,000,000
each from September 30, 2021.
(c) During the year, the Company has availed
moratorium facility from the bank on the above term
loan and therefore interest pertaining to the moratorium
period to the tune of Rs. 3,896,006 has been converted
into a new term loan facility by the bank. Out of this, Rs.
1,232,914 has been repaid during the year and the
closing balance of the loan as on March 31, 2021 is Rs.
2,663,092. This loan is repayable in equal monthly
instalments of Rs. 443,849. Interest on both the loan
facilities ranges between 8.95% to 10%.
(d) The Company has taken loan under the Emergency
Credit Line Guarantee Scheme (ECLGS) from ICICI
Bank to the extent of Rs. 52,387,348 (previous year Rs.
NIL) which is secured by second ranking charge over all
the existing securities (including mortgage) created in
favour of ICICI bank for existing facility. The moratorium
period for principal amount is one year hence the
repayment will start from January 2022. The loan is
repayable in 36 equal monthly instalments of Rs.
1,455,204 each and interest is charged at 8.25%.
(e) The Company has also taken new term loan from
CSB Bank amounting to Rs. 99,746,439 (previous year-
Rs. NIL) which is secured by first pari passu charge by
way of hypothecation along with ICICI Bank over entire
movable fixed assets of company both present and
future (other than vehicles and other fixed assets
financed by other banks/financial institutions). It is
further secured by
- second pari passu charge with ICICI Bank over the
entire current assets of the company, both present and
future including stock and book debts
- unconditional & irrevocable personal guarantees of Mr.
Akshay Bector (Chairman and MD).
The moratorium period for the facility is nine months
and hence the repayment will start from June 2022. The
38
loan is repayable in 48 equal monthly instalments of Rs.

2,084,000 each. Interest on such loan ranges between
12.75% to 14.75%
** Loans from National Bank For Agriculture And Rural

Development (NABARD) is secured by primary security
of mortgage of mega food park project land - village
Singha, Tehsil Haroli, District Una, Himachal Pradesh
and hypothecation over plant and machinery and all
movable assets, entire present and future
receivables/book debts in relation to the project of
Cremica Food Park Private Limited and further secured
by secondary security of mortgage of industrial plot
(leasehold land owned by the Holding Company) and
corporate guarantee by the holding Company and
personal guarantee by Mr. Akshay Bector. The loan
from NABARD carried rate of interest rate ranging from
of 7.65 % to 9.45% at quarterly rest.This is repayable in
20 equitable quarterly instalments commencing from
01st March, 2020 and ending on 01st December, 2023
in original but company availed moratorium on 9th
December, 2020 and have the repayment is being
re-scheduled to end on 01.03.2026.
*** Loans against vehicles from banks and financial

institutions are secured by hypothecation of respective
vehicles. The loans are repayable on equally monthly
instalments (EMI) basis and carry interest rate as per
their respective loan agreements. Interest on vehicle
loan ranges between 9% to 11% p.a. approx.
8. Short-term borrowings
As at As at
March 31, March 31,
2021 2020
Secured
Cash Credit from Bank* 290980288 184710831
Overdraft from Bank** 0 117039159
Short term demand loan *** 9891664 0
Unsecured
Loan from related parties **** 100000 100000
39
Total 300971952 301849990
* Cash credit from ICICI Bank of Rs. 195,566,755 (previous year Rs. 184,710,831) is
secured by first pari passu on the current assets and exclusive hypothecation of entire
movable assets of the Company both present and future excluding vehicles financed by
other banks/ financial institutions and exclusive equitable mortgage of 8 Kanal of land located
at Theing Road, Phillaur, Dist. Jalandhar and building situated thereat. It is further secured
by
- other cross collateralisation on residential flat of 8th Southern Avenue Maharani Bagh of
Mr. Akshay Bector (Chairman and MD)
- personal guarantee of Mr. Akshay Bector (Chairman and MD)
Further, cash credit from CSB Bank of Rs. 95,413,121 (previous year Rs. NIL) is secured by
first pari passu charge by way of hypothecation along with ICICI Bank over entire movable
fixed assets of company both present and future (other than vehicles and other fixed assets
financed by other banks/financial institutions). It is further secured by
- second pari passu charge with ICICI Bank over the entire current assets of the company,
both present and future including stock and book debts
- unconditional & irrevocable personal guarantees of Mr. Akshay Bector (Chairman and MD).
** Overdraft facility from Yes Bank of Rs. NIL (previous year Rs. 117,039,159) was secured
by fixed deposit to the extent of 50% of the facility amount, duly lien marked in favour of the
bank. During the year the Company has repaid this overdraft and converted it into cash credit
from CSB Bank.
* Interest on such loan ranges between 8.95% to 12.75%
*** Short term loan from others include vendor financing facility from Ugro Capital Limited
(NBFC) and carries interest rate of 13.5%.
**** Loan from related parties are interest free and repayable on demand.
40
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2020 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
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 2,34,89,620 107,38,74,276 2,34,89,620 107,38,74,276
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -10,29,85,501 -10,30,15,059
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,
21,11,200 5,78,57,956 35,92,523 6,72,23,765
others
Total disposals tangible
21,11,200 5,78,57,956 35,92,523 6,72,23,765
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
-8,16,07,081 91,30,01,261 1,98,97,097 100,66,50,511
assets
Tangible assets at end of period 133,30,03,506 141,46,10,587 50,16,09,326 196,45,30,711 194,46,33,614 93,79,83,103
41

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 gross Accumulated depreciation and impairment
Carrying amount [Member]
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 0
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 10,29,85,501 10,30,15,059 -3,12,239 -3,12,239
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
14,81,323 93,65,809 0 0
others
14,81,323 93,65,809 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
10,15,04,178 9,36,49,250 -3,12,239 -3,12,239
assets
42

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 0
assets
tangible assets
Depreciation tangible assets 3,12,239 3,12,239
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 3,12,239 3,12,239
assets
Tangible assets at end of period 2,78,02,105 2,78,02,105 2,78,02,105 30,54,810 27,42,571 24,30,332
43

Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] 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 7,77,55,667 0 7,77,55,667
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 5,14,04,794 0 5,14,04,794
others
0 5,14,04,794 0 5,14,04,794
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 2,63,50,873 0 2,63,50,873
assets
44

Classes of tangible assets [Axis] Land [Member] Buildings [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 76,39,019 40,09,59,301
assets
tangible assets
Depreciation tangible assets 0 0 -4,23,38,841 -3,25,09,351
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 84,915 0
others
0 0 84,915 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 -3,47,84,737 36,84,49,950
assets
Tangible assets at end of period 0 0 0 41,40,49,684 44,88,34,421 8,03,84,471
45

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 76,39,019 40,09,59,301
assets
tangible assets
Depreciation tangible assets 4,23,38,841 3,25,09,351
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
84,915 0 0 0
others
84,915 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
75,54,104 40,09,59,301 4,23,38,841 3,25,09,351
assets
46

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]
business combinations tangible 76,39,019 40,09,59,301 76,39,019 40,09,59,301
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
84,915 0 84,915 0
others
84,915 0 84,915 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,47,84,737 36,84,49,950 75,54,104 40,09,59,301
assets
47

Classes of tangible assets [Axis] Other building [Member] 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 1,00,36,122 58,08,23,180
assets
tangible assets
Depreciation tangible assets 4,23,38,841 3,25,09,351 -4,79,78,220 -5,80,89,362
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 38,940 56,68,593
others
0 0 38,940 56,68,593
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,23,38,841 3,25,09,351 -3,79,81,038 51,70,65,225
assets
48

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 1,00,36,122 58,08,23,180
assets
tangible assets
Depreciation tangible assets 4,79,78,220 5,80,89,362
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
38,940 95,50,950 0 38,82,357
others
38,940 95,50,950 0 38,82,357
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
99,97,182 57,12,72,230 4,79,78,220 5,42,07,005
assets
49

Classes of tangible assets [Axis] Other 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 1,00,36,122 58,08,23,180 1,00,36,122 58,08,23,180
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
38,940 56,68,593 38,940 95,50,950
others
38,940 56,68,593 38,940 95,50,950
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,79,81,038 51,70,65,225 99,97,182 57,12,72,230
assets
50

Classes of tangible assets [Axis] Other plant and equipment [Member] 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 6,54,477 4,55,011
assets
tangible assets
Depreciation tangible assets 4,79,78,220 5,80,89,362 -20,02,011 -20,40,216
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 38,82,357 0 0
others
0 38,82,357 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,79,78,220 5,42,07,005 -13,47,534 -15,85,205
assets
Tangible assets at end of period 42,86,37,476 38,06,59,256 32,64,52,251 85,70,297 99,17,831 1,15,03,036
51

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]
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
6,54,477 4,55,011 20,02,011 20,40,216
assets
52

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]
business combinations tangible 0 92,72,253 0 92,72,253
assets
tangible assets
Depreciation tangible assets -54,98,816 -57,58,079
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
19,87,345 7,84,569 34,68,668 62,68,021
others
19,87,345 7,84,569 34,68,668 62,68,021
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-74,86,161 27,29,605 -34,68,668 30,04,232
assets
53

Classes of tangible assets [Axis] Vehicles [Member] 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 0 92,72,253
assets
tangible assets
Depreciation tangible assets 54,98,816 57,58,079 -54,98,816 -57,58,079
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
14,81,323 54,83,452 19,87,345 7,84,569
others
14,81,323 54,83,452 19,87,345 7,84,569
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
40,17,493 2,74,627 -74,86,161 27,29,605
assets
54

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 0 92,72,253
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
34,68,668 62,68,021 14,81,323 54,83,452
others
34,68,668 62,68,021 14,81,323 54,83,452
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-34,68,668 30,04,232 40,17,493 2,74,627
assets
55

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]
business combinations tangible 49,69,174 39,76,672 49,69,174 39,76,672
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
28,72,985 26,63,015 49,69,174 39,76,672
assets
Tangible assets at end of period 98,27,490 69,54,505 42,91,490 1,77,82,080 1,28,12,906 88,36,234
56

Classes of tangible assets [Axis] Office equipment [Member] Computer 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]
assets
tangible assets
Depreciation tangible assets 20,96,189 13,13,657 -5,31,149 -7,53,234
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
20,96,189 13,13,657 -3,40,321 -1,21,042
assets
Tangible assets at end of period 79,54,590 58,58,401 45,44,744 11,85,445 15,25,766 16,46,808
57

Classes of tangible assets [Axis] Computer 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]
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
1,90,828 6,32,192 5,31,149 7,53,234
assets
Tangible assets at end of period 1,18,89,178 1,16,98,350 1,10,66,158 1,07,03,733 1,01,72,584 94,19,350
58

Classes of tangible assets [Axis] Leasehold improvements [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
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
-22,28,036 -22,38,921 0 0
assets
59

Classes of tangible assets [Axis] Leasehold improvements [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 22,28,036 22,38,921
Tangible assets at end of period 1,12,20,563 89,92,527 67,53,606
Disclosure of additional information tangible assets [Table] ..(1)

Factory
Company total tangible assets Other building
Classes of tangible assets [Axis] Buildings [Member] building
[Member] [Member]
[Member]
Owned and leased assets Owned assets Owned assets
[Member] [Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2019 01/04/2020
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2020 31/03/2021
Disclosure of additional information
tangible assets [LineItems]
STRAIGHT
STRAIGHT
Depreciation method tangible assets LINE METHOD
LINE
METHOD
Useful lives or depreciation rates
30 YEARS 30 YEARS
tangible assets

Other plant and equipment Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member]
[Member] [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
STRAIGHT
STRAIGHT STRAIGHT STRAIGHT
Depreciation method tangible assets LINE METHOD LINE METHOD LINE METHOD
LINE
METHOD
15 YEARS 15 YEARS 10 YEARS 10 YEARS
tangible assets
60

Classes of tangible assets [Axis] Vehicles [Member] Motor vehicles [Member] Office equipment [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
STRAIGHT
STRAIGHT STRAIGHT STRAIGHT
Depreciation method tangible assets LINE METHOD LINE METHOD LINE METHOD
LINE
METHOD
8 YEARS 8 YEARS 5 YEARS 5 YEARS
tangible assets

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [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 tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
STRAIGHT LINE STRAIGHT LINE STRAIGHT LINE STRAIGHT LINE
Depreciation method tangible assets METHOD METHOD METHOD METHOD
AS PER USEFUL AS PER USEFUL
Useful lives or depreciation rates tangible assets 3 YEARS 3 YEARS
LIFE LIFE

01/04/2020
to
31/03/2021
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
61
Disclosure of notes on tangible assets explanatory [Text Block]
Note 10: Property,

plant and
equipment
Furniture
Freehold Leasehold Leasehold Plant and Office
Building and Vehicles** Computers Total
land land * improvements Machinery Equipment
fixtures
Gross Block
As at April 1, 2019 182783777 27802105 21497868 121161924 480469032 38548464 8836234 45817541 11066158 937983103
Add: Additions
77755667 0 0 400959301 580823180 455011 3976672 9272253 632192 1073874276
during the year
Less: Disposals
51404794 0 0 0 9550950 0 0 6268021 0 67223765
during the year
As at March 31,
209134650 27802105 21497868 522121225 1051741262 39003475 12812906 48821773 11698350 1944633614
2020
Add: Additions
0 0 0 7639019 10036122 654477 4969174 0 190828 23489620
during the year
Less: Disposals
0 0 0 84915 38940 0 0 3468668 0 3592523
during the year
As at March 31,
209134650 27802105 21497868 529675329 1061738444 39657952 17782080 45353105 11889178 1964530711
2021
Accumulated
depreciation
As at April 1, 2019 0 2430332 6753606 40777453 326452252 27045428 4544744 18950613 9419350 436373778
Add: charges for

0 312239 2238921 32509351 58089362 2040216 1313657 5758079 753234 103015059
the year
Less: Disposals 0 0 0 0 3882357 0 0 5483452 0 9365809
As at March 31,
62
2020 0 2742571 8992527 73286804 380659257 29085644 5858401 19225240 10172584 530023028
Add: charges for

0 312239 2228036 42338841 47978220 2002011 2096189 5498816 531149 102985501
the year
Less: Disposals 0 0 0 0 0 0 0 1481323 0 1481323
As at March 31,
0 3054810 11220563 115625645 428637477 31087655 7954590 23242733 10703733 631527206
2021
Net Block
As at March 31,
209134650 24747295 10277305 414049684 633100967 8570297 9827490 22110372 1185445 1333003505
2021
As at March 31,
209134650 25059534 12505341 448834421 671082005 9917831 6954505 29596533 1525766 1414610586
2020
* pledged as
secondary security
for loan taken by
subsidiary
company, Cremica
Food Park Private
Limited from
National Bank for
agriculture and
rural development
(NABARD).
** includes gross
block amounting to
Rs. 17,147,067
(previous year Rs.
23,415,088) having
net block
amounting to Rs.
3,000,524 (previous
year Rs. 5,783,264)
appearing in the
name of Mrs.
Bector Foods
Specialties Limited.
These were
transferred to the
Company on
account of
demerger from Mrs.
Bector Foods
Specialties Limited.
Further, these
assets are of the
Company and the
Company has not
yet transferred in
63
their name only on

account of
administrative
convenience.
March 31, March 31,

2021 2020
Capital work in
progress (also refer 44018182 48900325
note 45)
64
[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 9,67,045 0 9,67,045
development
intangible assets
intangible assets
Total additions to
0 9,67,045 0 9,67,045
intangible assets
Amortization intangible assets -9,51,605.95 -19,72,656
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
-9,51,605.95 -10,05,611 0 9,67,045
assets
Intangible assets at end of period 28,43,818.05 37,95,424 48,01,035 1,16,59,182 1,16,59,182 1,06,92,137
65

Classes of intangible assets [Axis] Company total intangible assets [Member] Computer software [Member]
Internally generated and other than internally Intangible assets other than internally generated
Sub classes of intangible assets [Axis]
generated intangible assets [Member] [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2020 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 9,67,045
development
intangible assets
intangible assets
Total additions to
0 9,67,045
intangible assets
Amortization intangible assets 9,51,605.95 19,72,656 -9,51,605.95 -19,72,656
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
9,51,605.95 19,72,656 -9,51,605.95 -10,05,611
assets
Intangible assets at end of period 88,15,363.95 78,63,758 58,91,102 28,43,818.05 37,95,424 48,01,035
66

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [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 9,67,045
development
intangible assets
intangible assets
Total additions to
0 9,67,045
intangible assets
Amortization intangible assets 9,51,605.95 19,72,656
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 9,67,045 9,51,605.95 19,72,656
assets
Intangible assets at end of period 1,16,59,182 1,16,59,182 1,06,92,137 88,15,363.95 78,63,758 58,91,102
67
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
6 YEARS 6 YEARS
assets
STRAIGHT LINE STRAIGHT LINE
Description of amortization method used METHOD METHOD

01/04/2020
to
31/03/2021
Disclosure of notes on intangible assets explanatory [TextBlock] [See below]
68
Disclosure of notes on intangible assets explanatory [Text Block]
Note 10.1: Intangible Assets:
Software Total
Gross Block
As at April 1, 2019 10692137 10692137
Add: Additions during the year 967045 967045
As at March 31, 2020 11659182 11659182
Add: Additions during the year 0 0
As at March 31, 2021 11659182 11659182
Amortization
As at April 1, 2019 5891102 5891102
Add: Charges for the year 1972656 1972656
As at March 31, 2020 7863758 7863758
Add: Charges for the year 951605.9468 951605.9468
As at March 31, 2021 8815363.947 8815363.947
Net Block
As at March 31, 2021 2843818.053 2843818.053
69
As at March 31, 2020 3795424 3795424
[200400] Notes - Non-current investments

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 0 0
Aggregate provision for diminution in value of non-current investments 0 0
[200500] Notes - Current investments

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 0 0
Aggregate provision for diminution in value of current investments 0 0
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2021 31/03/2020 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 gratuity 2,92,18,701 2,76,19,984 45,50,707 51,87,349
Provision leave encashment 7,08,045 0 84,67,643 88,55,854
Total provisions for employee benefits 2,99,26,746 2,76,19,984 1,30,18,350 1,40,43,203
CSR expenditure provision 0 0 0 0
Other provisions 0 2,85,00,000 1,35,00,000
Total provisions 2,99,26,746 2,76,19,984 4,15,18,350 2,75,43,203
70
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 3,98,39,017 3,89,10,946 6,44,30,252 6,45,80,252
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 3,98,39,017 3,89,10,946 6,44,30,252 6,45,80,252
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

Deposits with statutory authorities
Classification of loans and advances [Axis] Prepaid expenses [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 0 0 32,66,205 32,66,205
0 0 0 0
advances
Loans and advances 0 0 32,66,205 32,66,205
[Abstract]
0 0 0 0
0 0 0 0
director
71

Other loans and advances, others
Classification of loans and advances [Axis] Other deposit assets [Member]
[Member]
01/04/2020 01/04/2019
31/03/2021 31/03/2020 to to
31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 31,04,840 50,32,800 7,92,256 6,91,455
0 0 0 0
advances
Loans and advances 31,04,840 50,32,800 7,92,256 6,91,455
Advances
Advances recoverable
Nature of other loans and advances recoverable in cash
in cash or kind
or kind
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 53,53,607 62,35,100 1,30,71,236 1,10,55,387
0 0 0 0
advances
Loans and advances 53,53,607 62,35,100 1,30,71,236 1,10,55,387
[Abstract]
0 0 0 0
0 0 0 0
director
72

Classification of loans and advances [Axis] Advance income tax paid [Member] MAT credit entitlement [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 1,30,71,236 1,10,55,387 1,15,23,625 1,17,81,874
0 0 0 0
advances
Loans and advances 1,30,71,236 1,10,55,387 1,15,23,625 1,17,81,874
[Abstract]
0 0 0 0
0 0 0 0
director

Deposits with statutory authorities
Classification of loans and advances [Axis] Other deposit assets [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 10,37,91,846 10,87,20,269 0 0
0 0 0 0
advances
Loans and advances 10,37,91,846 10,87,20,269 0 0
[Abstract]
0 0 0 0
0 0 0 0
director
73

Other loans and advances, others
Classification of loans and advances [Axis]
[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 3,08,84,101 2,09,97,607
Allowance for bad and doubtful loans and advances 0 1,04,78,182
Loans and advances 3,08,84,101 1,05,19,425
Advances
Advances recoverable
Nature of other loans and advances recoverable in cash
in cash or kind
or kind
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
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 18,48,52,967.3 18,62,50,882 18,48,52,967.3 17,76,93,200
Allowance for bad and doubtful debts 0 85,57,682 0 0
Total trade receivables 18,48,52,967.3 17,76,93,200 18,48,52,967.3 17,76,93,200
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
74
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [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 0 85,57,682
Allowance for bad and doubtful debts 0 85,57,682
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
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
0 0
director is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2020 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 36,47,18,299 39,33,91,064 23,95,34,195 24,28,77,928
Goods in transit 0 64,95,307
valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable
realisable value value

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [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 1,05,26,830 73,59,055 12,97,44,941 12,40,43,461
Goods in transit 0 64,04,535
valued at lower of valued at lower of valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable cost and net cost and net realisable
realisable value value realisable value value
75

Classification of inventories [Axis] Stock-in-trade [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 68,03,692 3,02,36,962 1,90,50,037 2,00,68,964
Goods in transit 0 90,772
valued at lower of valued at lower of valued at lower of valued at lower of
Mode of valuation cost and net cost and net realisable cost and net cost and net realisable
realisable value value realisable value value

Classification of inventories [Axis] Other inventories [Member] Other inventories, others [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 -4,09,41,396 -3,11,95,306 -4,09,41,396 -3,11,95,306
Mode of valuation NA NA
Provision for Provision for
Nature of other inventories obsolescence of obsolescence of
inventory inventory
76

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]
Disclosure of notes on other long-term liabilities explanatory Textual information (19)
[TextBlock] [See below]
Trade payables, long-term 0 0
Others long-term, others 11,50,85,410 5,97,11,789
Total others, long-term 11,50,85,410 5,97,11,789
Total other long-term liabilities 11,50,85,410 5,97,11,789
Disclosure of notes on provisions explanatory [TextBlock] [See below]
Provison for Provison for
Nature of other provisions contingencies contingencies
Disclosure of notes on other current liabilities explanatory Textual information (21)
Current maturities of long-term debt 6,80,13,473 4,98,54,207
Interest accrued but not due on borrowings 75,930 9,23,378
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
Taxes payable sales tax 2,38,88,163 2,06,76,666
Public deposit payable, current 0 0
Total other payables, current 2,38,88,163 2,06,76,666
Advance received from customers 29,70,829 3,17,604
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 3,63,48,533 3,83,64,448
Total other current liabilities 13,12,96,928 11,01,36,303
Disclosure of notes on loans and advances explanatory [TextBlock] [See below]
Disclosure of notes on other non-current assets explanatory Textual information (23)
Other non-current assets, others (A) 5,79,03,270

1,59,75,339
Total other non-current assets 5,79,03,270 1,59,75,339

Goodwill on
Nature of other non-current assets, others consolidation
Non Current Bank Balance
Disclosure of notes on inventories explanatory [TextBlock] [See below]
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
7,28,58,595 5,26,57,623
exceeding six months
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0
Other deposits with banks 6,01,200 24,85,000
Other balances with banks 1,13,95,499 42,42,425
Total balance with banks 1,19,96,699 67,27,425
Cash on hand 17,03,613 4,53,772
Total cash and cash equivalents 1,37,00,312 71,81,197
Other bank balances 1,51,66,000 5,25,12,499
Total cash and bank balances 2,88,66,312 5,96,93,696
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
Disclosure of notes on other current assets explanatory [TextBlock] [See below]
Interest receivable 33,89,804 41,35,164
Other current assets, others 5,54,264 1,21,791
Total other current assets 39,44,068 42,56,955
77
Nature of other current assets Income Due but not booked Export incentive accrued
Footnotes
(A) This includes Goodwill on consolidation and Other non-current assets
78
Disclosure of notes on other long-term liabilities explanatory [Text Block]
7. Other non-current liabilities
As at As at
March 31, March 31,
2021 2020
Deferred Government Grant
Balances at the beginning of the year 0 427216667
Add:- addition during the year 0 0
Less:- Transferred to Capital Reserve* (also refer note 4) 0 -427216667
Balances at the end of the year (A) 0 0
Others
Security deposit 2411300 1175000
Creditors for capital expenditure 21114768 32485483
Retention Money & EMD Payable 21739398 20824181
Advance from Customers 69819944 5227125
(B) 115085410 59711789
(A+B) 115085410 59711789
* In pursuance of Accounting Standard 12 - Accounting for Government Grants,

and on completion of Food Park, the relevant grant received form Ministry of
Food Processing Industries (MoFPI), had been transferred to Capital reseve.
Management believes that the grant is in the nature of promoters contribution.
79
Disclosure of notes on provisions explanatory [Text Block]
6. Provisions
As at As at
March 31, March 31,
2021 2020
Non-Current Current Non-Current Current
Provision for employee benefits
Provision for gratuity (refer note 31) 29218701 4550707 27619984 5187349
Provision for leave benefits 708045 8467643 0 8855854
Provision for Contingencies* 0 28500000 0 13500000
Total 29926746 41518350 27619984 27543203
Movement of provision for contingency:
Opening Provision 0 13500000 0 0
Add: Created during the year* 0 15000000 0 13500000
Less: Utilised during the year 0 0 0 0
Closing Balance 0 28500000 0 13500000
* The Holding company is in discussion with parties for recoverability

of supplier advance and other recoverable. The Management is
confident of full recoverability. As a matter of caution it has made
contingency provision for any losses that may occur in the
recoverability.
80
Disclosure of notes on other current liabilities explanatory [Text Block]
Other Liabilities
Current maturities of long-term borrowings (refer note 5) 68013473 49854207
Interest accrued but not due on borrowings 75930 923378
Advances from Customers 2970829 317604
Payable in respect of purchase of fixed assets 0 0
Statutory dues 23888163 20676666
Liability towards corporate social responsibility (CSR)# 780109 0
Other payable* 35568424 38364448
(B) 131296928 110136303
(A+B) 744013892 752164855
* includes :
- customer claims yet to be paid/adjusted amounting to Rs. 10,402,148
(March 31, 2020 Rs.17,179,195). In view of the management, these shall
be paid/adjusted in due course.
- grant received from the Ministry of Food Processing Industries (MoFPI)
amounting to Rs. 21,185,250 (March 31, 2020 Rs 21,185,250 ). Also
refer note 45.
# Provision for unspent Corporate Social Responsibility (CSR) amount is

made in accordance with the amendments made on January 22, 2021 in
section 135 of Companies Act 2013 (CSR) and based in the amounts
spent in the subsequent period on the activities approved and planned
by the Company's CSR committee and if unspent has to be deposited
with the CSR Fund within six months.
81
82
Disclosure of notes on loans and advances explanatory [Text Block]
13. Loans and Advances
As at As at
March 31, March 31,
2021 2020
Non-current Current Non-current Current
Capital advances (also refer note 45)
Unsecured considered good 39839017 0 38910946 0
Considered doubtful 86341 0 86341 0
39925358 0 38997287 0
Less: Provision for doubtful advances -86341 0 -86341 0
(A) 39839017 0 38910946 0
Security deposit
Unsecured, considered good 64430252 0 64580252 0
(B) 64430252 0 64580252 0
Advances recoverable in cash or kind
Unsecured, considered good 792256 31239418 691455 10527483
Considered doubtful 1965926 13870736 1965927 10470124
2758182 45110154 2657382 20997607
83
Less: Provision for doubtful advances -1965926 -14226053 -1965927 -10478182
(C) 792256 30884101 691455 10519425
Others loans and advances:
Unsecured, considered good
Mat Credit Entitlement 0 11523625 0 11781874
Advance income tax (net) 0 13071236 0 11055387
Balances with government and statutory

3266205 103791846 3266205 108720269
authorities
Deposits paid under protest 3104840 0 5032800 0
Prepaid Expenses 0 5353607 0 6235100
(D) 6371045 133740314 8299005 137792630
Total 111432570 164624415 112481658 148312055

(A+B+C+D)
84
Disclosure of notes on other non-current assets explanatory [Text Block]
11. Goodwill Movement
As at As at
March 31, 2021 March 31, 2020
Opening balance 21256672 21173728
Add: On acquision of Mrs Bector Food Private Limited 0 82944
Closing Balance 21256672 21256672
14. Other non current assets
As at As at
March 31, 2021 March 31, 2020
Non-current Bank Balance (refer note 17) 36646598 15975339
Total 36646598 15975339
85
Disclosure of notes on inventories explanatory [Text Block]
15. Inventories (valued at lower of cost and net

realisable value)
As at As at
March 31, March 31,
2021 2020
Raw materials and packing material (note 21) 239534195 242877928
Work-in-progress (note 22) 10526830 7359055
Finished goods (including sales in transit Rs. 17,507,914

129744941 124043461
(March 31, 2020: Rs. 6,404,535)
Traded Goods (including sales in transit Rs. 879,218

6803692 30236962
(March 31, 2020: Rs. 90,772)
Stores and Spares 19050037 20068964
405659695 424586370
Less: Provision for obsolescence of inventory -40941396 -31195306
Total 364718299 393391064
86
Disclosure of notes on trade receivables explanatory [Text Block]
16. Trade receivables
As at As at
March 31, March 31,
2021 2020
Outstanding for a period exceeding six months from the date they are due
for payment
Unsecured and considered good 72858595 52657623
Doubtful 58912323 31171797
131770918 83829420
Less: Provision for doubtful receivables -58912323 -31171797
(A) 72858595 52657623
Other receivables
Unsecured and considered good 111994372 125035577
Doubtful 2435249 5385885
114429621 130421462
Less: Provision for doubtful receivables -2435248.72 -5385885
(B) 111994372.3 125035577
Total (A+B) 184852967.3 177693200
87
17. Cash and bank balances
88
Disclosure of notes on cash and bank balances explanatory [Text Block]
17. Cash and bank balances
As at As at
March 31, March 31,
2021 2020
Non-current Current Non-current Current
Cash and cash equivalents
Balance with banks
On current accounts 0 11395499 0 4242425
Cash on hand 0 1703613 0 453772
Deposits with remaining maturity for less than three months 0 601200 0 2485000
0 13700312 0 7181197
Other bank balances
Deposits with remaining maturity for less than twelve

0 0 0 11169144
months
Margin money deposit with banks* 36646598 15166000 15975339 41343355
36646598 15166000 15975339 52512499
Less: amount disclosed under non current assets (refer

-36646598 0 -15975339 0
note 14)
Total 0 28866312 0 59693696
*Balances in bank with deposits includes deposits

amounting Rs. 44,922,598 (March 31 2020 Rs. 28,428,694)
pledged with the issuing bank towards margin money to
secure the letter of credit facility availed by the Company
89
and bank guarantee facility availed from a bank by its

subsidiary, Cremica Food Park Private Limited.
*Balances in bank with deposits includes deposits

amounting Rs. NIL (March 31, 2020 Rs. 22,000,000) with a
bank duly lien marked in the favour of the bank against the
overdraft facilities availed by the Company.
Disclosure of notes on other current assets explanatory [Text Block]
18. Other current assets
As at As at
March 31, 2021 March 31, 2020
Interest accrued on deposit with bank 3389804 4135164
Income Due but not booked 554264 0
Export incentive accrued 0 121791
3944068 4256955
90
[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] [See below]
Guarantees 32,94,00,000 32,94,00,000
Other money for which company is contingently liable 4,29,65,287.66 4,51,59,979
Total contingent liabilities 37,23,65,287.66 37,45,59,979
Estimated amount of contracts remaining to be executed on
19,96,71,328 13,35,98,793
capital account and not provided for
Total commitments 19,96,71,328 13,35,98,793
Total contingent liabilities and commitments 57,20,36,615.66 50,81,58,772
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
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No
2014
Net worth of company 0 87,56,64,329
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
91
Disclosure of additional balance sheet notes explanatory [Text Block]
Cremica Food Industries Limited
Notes to Consolidated Financial Statements for the year ended

on March 31, 2021
(All amounts in Rupees unless otherwise stated)
28. Contingent Liabilities and commitment (to the extent not

provided for)
(a) Capital commitment
The estimated amount of contract/ purchase order remaining to

be executed on capital goods and not provided for is Rs.
199,671,328 (net of adjustments of Rs. 70,718,370) (March 31,
2020 Rs. 133,598,793 (net of adjustments of Rs. 79,069,908)).
As at As at
(b) Contingent liabilities March 31, March 31,
2021 2020
(i) CST liabilities against pending 'C' forms 36783838 40704139.23
(ii) Corporate guarantee given by the Holding Company on behalf

329400000 329400000
of Cremica Food Park Private Limited (wholly owned subsidiary)
(iv) Interest liability on grant returnable (refer note 45) 6181449.658 4062925
(v) Preference dividend proposed for the previous year ended

0 392915
March 31, 2020 (including Dividend Distribution Tax)
(vi) During the year ending March 31, 2017, the Holding
Company received an order from Commercial Tax Department of
Government of Telangana imposing a tax liability of Rs.
24,305,534 (including a penalty of Rs. 12,152,767) on account of
suppression of turnover in sales tax return for the financial year
2014-15 and 2015-16. The Commercial Tax Department has
computed the tax liability on the basis of amount of e-way bills,
92
whereas the e-way bill data was erroneous. The Holding

Company filed appeal against the same after depositing a sum of
Rs. 3,038,192 (March 31, 2020: Rs. 3,038,192). In the previous
year, Commissioner (Appeals) has remanded back the case to
the State Tax Officer and in pursuance to this, demand for the
has been quashed and accordingly possible outstanding demand
93
for the F.Y 2019-2020 year was NIL. Further, during the year, the
case has been disposed off in the favour of the Holding company
vide order dated September 11, 2020.
(c) Contingency - Provident Fund
The Group has made provision in respect of liability towards

contribution to provident fund after taking into consideration the
judgement of Hon'ble Supreme Court (on PF) dated February 28,
2019. There are numerous interpretative issues relating to the
Supreme Court (SC) judgement. As a matter of caution, the
Holding Company has made a provision on a prospective basis
from the date of the SC order. The Holding Company will update
its provision, on receiving further clarity on the subject.
As at
As at
March
March 31,
31,
2021
2020
a) not later than one year 0 0
b) later than one year but not later than five years 0 0
c) later than five years 0 0
30. The detail of amount outstanding to Micro, Small and Medium

Enterprises under the Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act), based on the available
information with the Group are as under:
As at
As at
March
March 31,
31,
2021
2020
The principal amount and interest due thereon remaining unpaid to

any suppliers as at the year end of each accounting year
- Principal amount due to micro and small enterprises 79904392 58587572
- Interest due on above 2053831 827451
The amount of interest paid by the buyer in terms of section 16 of the
94
MSMED Act 2006, along with the amounts of the payment made to 0 0
the supplier beyond the appointed day during each accounting year.
The amount of interest due and payable for the period of delay in
making payment (which have been paid but beyond the appointed day
6220823 3752155
during the year) but without adding the interest specified under the
MSMED Act, 2006
The amount of interest accrued and remaining unpaid at the end of

8274654 4579606
each accounting year.
The amount of further interest remaining due and payable even in the
succeeding years, until such date when the interest dues as above are
9066673 4487067
actually paid to the small enterprises for the purpose of disallowance
as a deductible expenditure under section 23 of the MSMED Act, 2006
32. Unhedged foreign currency exposure
a) The foreign currency exposures

remaining unhedged at the year end:
As at As at
March March 31,
31, 2021 2020
Foreign Amount Foreign Amount

Particulars Amount (Rs.) Amount (FC)
Currency (FC) Currency (Rs.)
Trade Receivables USD 12805385.96 177902 USD 9389618 124554
Trade Receivables EURO 0 0 GBP 2526023 30416
Trade Payables USD 151113.64 2017 USD 5011387 66476
Trade Payables EURO 0 0 EURO 3366866 40540
95
33. Related Party Disclosure
Related party disclosure is in accordance

with the Accounting Standards AS-18
on “Related Party Disclosure” notified by
the Companies (Accounting Standards)
Rules, 2006:-
A. Name of related parties and related

party relationship:
a) Key Management Personnel
Chairman and
Akshay Bector
Managing Director
Executive Director
and Chief Financial
Surendra Khemka
Officer (Upto July
31, 2020)
Whole time
Nikhil Bhuchchar Director (w.e.f
March 3, 2020)
Whole time
Director (w.e.f
Geeta Bector
September 1,
2019)
Chief Financial
Officer (w.e.f
Ravindra Nath Gupta
December 30,
2020)
Chief Financial
Officer
Sudhir Barik
(i.e. December 21,
2021)
Whole time
Bhopal Singh Parmar
Director
Whole time
96
Sanjay Singh Parmar Director
b) Relatives of Key Management

Personnel
Mrs. Rajni Bector
Mr. Akhilesh Bector
d) Enterprises in which Key Managerial

Personnel have significant influence and
transactions during the year:
Parimeya Commerce Private Limited (Upto

July 31, 2020)
Akshay Bector (HUF)
Khaitan and Khaitan LLP
d) Additional related parties as per

Companies Act 2013 with whom
transactions have taken place during the
year
Company
Secretary- Holding
Robin Vijan Company
(upto June 30,
2021)
Company
Secretary- Holding
Mohit Kukreja
Company (w.e.f
August 12, 2021)
34. CIF value of imports
March 31, March 31,

2021 2020
97
Raw Material and packing material 25132688 169832332
Machines Spares 315683.6348 406413
Traded Goods 2513216.265 39361350
27961587.9 209600095
35. Expenditure in foreign currency

(accrual basis)
March 31, March 31,

2021 2020
Travelling expenses 0 8236360.91
Other Expenses 140693 250313.83
Royalty 1347721.98 1483661
1488414.98 9970335.74
36. Earnings in foreign currency (accrual

basis)
March 31, March 31,

2021 2020
FOB value of exports 7397105 13237296.96
7397105 13237296.96
37. Value of raw materials, packing

material and stores and spare parts
consumed
March 31, March 31,

2021 2020
% of total % of total
98
(in Rs.) consumption (in Rs.) consumption
Raw materials and packing material

consumed
Imported 50819751 0.046620139 195515013 0.118907477
Indigenous 1039261750 0.953379861 1448746711 0.881092523
1090081501 1 1644261724 1
Stores and spare parts
Imported 0 0 0 0
Indigenous 12023837 1 14972810 1
12023837 1 14972810 1
40. In the previous years, the Holding Company had given interest free advances to its wholly owned subsidiary “Cremica
Food Park Private Limited” (Food Park) for the processing of tomato, other fruits and vegetables at their Multi Crop Pulping
and Aseptic Packing Line. The recovery of the same was expected to start from financial year ended March 31, 2020 in a
phased manner. However, due to natural reasons such as heavy rains, COVID etc. Food Park was not able to do the
processing work for the forecasted quantity and thus advance could not be adjusted. However, subsequent to the year-end,
Food Park has processed the tomato paste for the Holding Company amounting to Rs 128,880,358 and the Holding
Company has given further advances of Rs. 88,000,478 and accordingly, as on date, the above referred advance is
outstanding amounting to Rs. 276,128,358. In addition to that:
a. Food park has agreed to take scrap inventory of estimated value at Rs 15,289,105 towards the year end. The formal
transfer of the same is yet to take place.
b. Holding Company has trade receivables of Rs 37,015,999 and other recoverable in respect of business auxiliary service
amounting to Rs 108,724,500 as at March 31, 2021.
c. Holding Company has also given guarantees on behalf of food park as referred in note no 10 and 17.
Although the balances have been eliminated as part of inter-company eliminations . Further, Management is of the view that
with further processing work to be done in future years, it shall be able to have sufficient cash flows to pay back the liabilities
of the Company. Furthermore, the management is confident that all the above transactions have been made at Arm’s length
and is confident of full recovery of the above exposure with the Food Park.
41. Segment reporting
99
The Group is primarily engaged in the business of manufacturing and distribution of ketchup and other various variants of
sauces like mint sauce, tamarind sauce, bread spreads, mayonnaise etc. which are governed by same set of risks and
returns. As the Company’s business activity falls within a single primary business segment, the disclosure requirements of
Accounting Standard (AS—17) “Segment Reporting" issued by the institute of Chartered Accountants of India is not
applicable to the Company.
42. During the year ended on March 31, 2018, the Holding Company had paid a dividend of Rs. 362,574 (excluding dividend
distribution tax of Rs, 74,550) to the preference share holders of the Holding Company which was in contravention of the
provisions of section 123 of the Companies Act. 2013. The Holding Company is in the process of taking necessary steps for
compounding of this matter and has made an application for compounding to the NCLT on August 17, 2019. Further,
provision has been made, for any possible penalty in this regard, which is not material for the financial statements.
43. As per the provisions of section 149 of Companies Act 2013 Holding Company needs to have two Independent Directors
on its Board. However, one of the Independent Director had resigned in FY 2019-2020. Hence, to comply with section 149 of
the Companies Act, in FY 2020-21, the Holding Company has appointed another independent director on November 27,
2020 in order to be compliant. The management shall later take appropriate steps for any condonation required in this
regard and does not anticipate any other material implication of the same.
44. The Holding Company has not been able to hold its Annual General Meeting for the year ended March 31, 2021 within a
period of nine months (including three-month extension) from the date of its year end as per the provisions of Companies
Act, 2013. The management of the Holding Company is in process of taking necessary action for compounding of the
offence and is of the view that it would not have any material financial impact in these financial statements and accordingly,
no adjustments are considered necessary in these financial statements at this stage.
45. The Holding Company obtained approval from Ministry of Food Processing Industries (MoFPI) for setting up of an
Industrial Unit in Noida, under the scheme of "Integrated Cold Chain and Value Addition Infrastructure" (the scheme) of Rs.
84,741,000, The Cold Chain Project (the project) in Noida is being set up as an expansion to the current business of the
Holding Company for manufacturing of sauces, juices etc. The Holding Company has already incurred expenditure for
setting up of the plant at Noida, including capital advances amounting to Rs. 22,509,771 (Previous year Rs 22,509,771) and
Capital Work in Progress amounting to Rs. 38,487,304 (Previous year Rs 38,487,304). NABARD (the Bank) has not agreed
to release the property of land at which the project is being set up, which has been mortgaged in their favour as a collateral
security for securing their assistance for their subsidiary's (Cremica Food Park Private Limited) Mega Food Park Project.
This has resulted into non-disbursement of the term loan sanctioned for the project, which in turn has delayed the project.In
the year 2018-19, the Holding Company has also received the first instalment of 25%, amounting to Rs. 21,185,250 against
the approved scheme mentioned above from MoFPI. Further, the Holding Company has applied to MoFPI, to revise the
capital grant amount from Rs. 84,741,000 to Rs. 40,671,000 and has proposed a reduction in the components required for
grant application as per the Scheme. In view of this, the grant received up till now, has been disclosed under the "Current
Liability" considering the same as returnable to MoFPI, as an abundant precaution. Possible interest if this liability is required
to be paid, amounting to Rs 61,81,450 (PY Rs. 40,62,925) has been disclosed in contingent liability. In the year 2019-20, the
Holding Company has applied for the extension of the timeline of project completion and was requested to complete the
project till January 18, 2022 and however the same could not the complete because of the COVID (reasons beyond the
control of the Company). Further, during the year the said project has been delayed because of COVID-19 and Holding
Company has also applied for extension of the project to MoFPI and management is confident that they will release the
mortgaged property from NABARD soon and the project shall be completed in due course and no losses are anticipated,
except those are already provided in the book.
46. During the current year the Holding Company has entered into an arrangement with a vendor for supply of raw material
at an agreed rate. The Holding Company has received the short supply of material against this arrangement and
accordingly, subsequent to the year end the Holding Company has raised debit note of Rs 36,146,500 for the estimated
losses incurred by the Holding Company for non-receipt of raw material at agreed price between with the vendor. The matter
is under discussion with the vendor and till date the same has not reached to conclusion. Basis the legal opinion obtained by
the management and discussion with the vendor, the management is confident of recovering the amount of Rs 36,146,400
and accordingly it has been accrued in the current financial statement as other income.
47. (a) The global pandemic outbreak has impacted the Group’s business in early part of the financial year 2020-2021.
However, the Group has been able to partially recover from the same. The Group has considered the possible effects that
100
may result from the pandemic relating to COVID-19 on the carrying value of its assets and also, assessed the recoverability
of its assets comprising property, plant and equipment, intangible assets, capital work in progress, capital advances,
inventories and trade receivables, Current and Non-Current Assets (including MAT Credit) using the various internal and
external information up to the date of approval of these financial statements. On the basis of the said evaluation and current
indicators of future economic conditions, the Group expects to recover the carrying amount of its assets and does not
anticipate any impairment of these financial and non-financial assets. Further, the Group has prepared cash flow projections
for next 12 months and believes that there is no impact on its ability to continue as a going concern and meeting its liabilities
as and when they fall due. However, considering the unpredictability of the pandemic and inherent uncertainty on the
potential future impact of the COVID 19 pandemic, the Group’s financial statements may differ from that estimated as on the
date of approval of these financial statements.
47 (b). The management of holding Company is of the view that due to on- going COVID situation for past two years it has
not been able to establish internal control considering the essential components of internal control stated in the Guidance
Note issued by the Institute of Chartered Accountant of India.
48. Previous year figures have been regrouped and/or rearranged wherever necessary to conform to this year's
classification.
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2020
to
31/03/2021
Disclosure of accounting policies, change in accounting policies and Textual information (29)
changes in estimates explanatory [TextBlock] [See below]
101
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Corporate Information
Cremica Food Industries Limited (‘the Company’) and its subsidiaries are engaged in the business of manufacturing and distribution of ketchup
and other various variants of sauces like mint sauce, tamarind sauce, bread spreads, mayonnaise etc. The Group is selling its products in domestic
markets and also export markets.
Basis of preparation
The Consolidated financial statements of the Group have been prepared in accordance with the generally accepted accounting principles in India
(Indian GAAP). The Group has prepared these financial statements to comply with all material respects with the accounting standards notified
under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014.The consolidated
financial statements have been prepared on an accrual basis and under the historical cost convention.
The accounting policies adopted in the preparation of consolidated financial statements are consistent with those of previous year.
Principles of consolidation
The consolidated financial statements of the Group have been prepared on the following basis:
The financial statements of the Company and its subsidiary companies are combined on a line a line basis by adding together the book values of
like items of assets, liabilities, income and expense, after fully eliminating intra-group balances and intra-group transactions in accordance with
Accounting Standard -21 – “Consolidated Financial Statements”.
The difference between the cost of investments in the subsidiaries and the Company’s share of net assets at the time of acquisition of shares in the
subsidiaries is recognised in the financial statements as Goodwill or capital reserve as the case may be.
As far as possible, the Consolidated Financial statements are prepared using uniform significant accounting policies for like transactions and other
events in similar circumstances.
The financial statements of the Company and its subsidiaries used in Consolidation are drawn up to same reporting date as followed by the
Company i.e. March 31, 2021 and in the same format as that adopted by the parent company for its separate financial statements.
Minority interest’s share of net profit/ loss of consolidated subsidiaries for the year is identified and adjusted against the income of the group in
order to arrive at the net income attributable to the shareholders of the Company.
Minority interest’ share of net assets of consolidated subsidiaries is identified and presented in the consolidated balance sheet separately from
liabilities and the equity of the Company’s shareholders.
The Companies considered in the consolidated financial statements apart from parent company are as follows:
% of ownership % of ownership
Name of the Company/ Firm Country of incorporation
March 31, 2021 March 31, 2020
Cremica Food Park Private Limited 100% 100% India
Cremica Condiments Private Limited 100% 100% India
Mrs. Bectors Food Private Limited 100% 100% India
The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.
Summary of significant accounting policies
a. Use of estimates
The preparation of consolidatedfinancial statements are in conformity with Indian GAAP requires the management to make judgments, estimates
and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent liabilities at the end of
the year. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about these
assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets, liabilities, revenue and
expenses in future periods. Changes in estimates are reflected in the consolidatedfinancial statements in the period in which changes are made and
if material, their effects are disclosed in notes to accounts.
b. Property, plant and equipment
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Property, plant and equipment, capital work in progress are stated at cost, net of accumulated depreciation and accumulated impairment losses, if
any. The cost comprises purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the asset to its
working condition for the intended use and initial estimate of decommissioning, restoring and similar liabilities.Any trade discounts and rebates
are deducted in arriving at the purchase price.
When significant parts of plant and equipment are required to be replaced at intervals, the Group depreciates them separately based on their
specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as
a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as incurred.
Items of stores and spares that meet the definition of plant, property and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Gains or losses arising from derecognition of plant, property and equipment are measured as the difference between the net disposal proceeds and
the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
The Group identifies and determines cost of each component/ part of the asset separately, if the component/ part has a cost which is significant to
the total cost of the asset and has useful life that is materially different from that of the remaining asset.
c. Depreciation on property, plant and equipment
Leasehold land is amortized on a straight line basis over the period of lease.
Depreciation on property, plant and equipment is calculated on a straight-line basis using the rates arrived at, based on the useful lives estimated
by the management. The identified components are depreciated separately over their useful lives; the remaining components are depreciated over
the life of the principal asset. The Group has used the following rates to provide depreciation on its plant, property and equipment:
103
Particulars Estimated useful Life Indicative useful Life as per Schedule II
Factory building 30 30
Plant and Machinery* (except ii below) 15 15
Furniture and fixtures 10 10
Vehicles 8 8
Office equipment 5 5
Computer 3 3
*Depreciation is charged on Plant and Machinery on shift basis.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.
The management has estimated a useful life of crates, pallets and cylinders capitalised in plant and machinery as three years.
d.Intangible Assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible assets, excluding capitalized
development costs, are not capitalized and expenditure is reflected in the statement of profit and loss in the year in which the expenditure is
incurred.
Intangible assets are amortized on a straight line basis over the estimated useful economic life.
Intangible Assets Estimated Useful Life (Years)
Computer Software Over the estimated economic useful lives i.e. 6 years
The amortization period and the amortization method are reviewed at least at each financial year end. If the expected useful life of the asset is
significantly different from previous estimates, the amortization period is changed accordingly. If there has been a significant change in the
expected pattern of economic benefits from the asset, the amortization method is changed to reflect the changed pattern. Such changes are
accounted for in accordance with AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
e. Leases
Operating Lease
Where the Group is lessee
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item are classified as operating
leases. Operating lease payments are recognized as an expense in the statement of profit and loss on a straight-line basis over the lease term.
f. Borrowing costs
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings.Borrowing costs
directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its
intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur.
g. Impairment of fixed assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when annual
104
impairment testing for an asset is required, the Group estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an
asset's or cash-generating units (CGU) net selling price and its value in use. The recoverable amount is determined for an individual asset, unless
the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of
an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing
value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market
assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent market transactions are taken
into account, if available. If no such transactions can be identified, an appropriate valuation model is used.
Impairment losses of continuing operations, including impairment on inventories, are recognized in the statement of profit and loss.
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
An assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer
exist or may have decreased. If such indication exists, the Group estimates the asset’s or cash-generating unit’s recoverable amount. A previously
recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since
the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount,
nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in
prior years. Such reversal is recognized in the statement of profit and loss.
h. Investments
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made,
are classified as current investments. All other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such
as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is the
fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair
value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.
Current investments are carried in the consolidatedfinancial statements at lower of cost and fair value determined on an individual investment
basis. Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary
in the value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of
105
profit and loss.

i. Inventories
Inventories are valued as follows:
Lower of cost and net realizable value. However, materials and other items held for use in the
Raw materials and production of inventories are not written down below cost if the finished products in which they
components, Stores and will be incorporated are expected to be sold at or above cost.
spares (including packing Cost is determined on a weighted average basis.
materials) Stores and spares which do not meet the definition of plant, property and equipment are
accounted as inventories.
Lower of cost and net realizable value. Cost of Finished goods and Work-in-progress includes
Finished goods and
direct materials, labour and a proportion of manufacturing overheads based on normal operating
Work-in-progress
capacity. Cost is determined on weighted average basis.
Scrap At net realizable value.
Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and to
make the sale.
j. Revenuerecognition and other income

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured.
The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods
Revenue from sale of Goods is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer usually on
delivery of Goods to the customer. The Group collects goods and service tax (GST), on behalf of the government and, therefore, these are not
economic benefits flowing to the group. Hence, they are excluded from revenue. Excise duty deducted from revenue (gross) in previous year is
the amount that is included in the revenue (gross) and not the entire amount of liability arising during the year.
Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head “other income” in the statement of profit and loss.
Dividends
Dividend income is recognized when the Group’s right to receive dividend is established by the reporting date.
Lease Rental
leases. Operating lease payments received from lessee are recognized as an income in the statement of profit and loss on a straight-line basis over
the lease term.
Export incentives
Export incentives are recognised in the statement of profit and loss when the right to receive credit as per the terms of the scheme is established in
respect of export made.
k. Foreign currency translation
i. Initial Recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the
reporting currency and the foreign currency at the date of the transaction.
ii. Conversion
Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date. Non-monetary items, which are
measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction.
Non-monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the
exchange rate at the date when such value was determined.
iii. Exchange differences
Exchange differences arising on the settlement of monetary items or on reinstatement of monetary items at rates different from those at which
they were initially recorded during the year, or reported in previous consolidatedfinancial statements, are recognised as income or as expenses in
the year in which they arise.
l. Retirement and other Employee Benefits
Retirement benefit in the form of provident fund is a defined contribution scheme. The Group has no obligation, other than the contribution
payable to the provident fund. The Group recognizes contribution payable to the provident fund scheme as expenditure, when an employee
renders the related service.
The Group operates two defined benefit plans for its employees, viz., gratuity. The costs of providing benefits under these plans are determined
on the basis of actuarial valuation at each year-end. Separate actuarial valuation is carried out for each plan using the projected unit credit method.
Actuarial gains and losses for both defined benefit plans are recognized in full in the period in which they occur in the statement of profit and
106
loss.
Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures
the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the
reporting date.
The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement
purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the
year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The Group presents the leave as a
current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting
date.
m. Income Taxes
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted, at the reporting date. Current income tax relating to items recognized directly in equity is recognized in equity and not in
the statement of profit and loss.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year
and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively
enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement
of profit and loss.
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing differences only
to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be
realized. In situations where the Group has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there
is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
At each reporting date, the Group re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that it
has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such
deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The Group writes-down the carrying amount of deferred tax asset
to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available
against which deferred tax assets can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually
certain, as the case may be, that sufficient future taxable income will be available
.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
Minimum alternate tax (MAT) paid in a year is charged to the statement of profit and loss as current tax. The Group recognizes MAT credit
available as an asset only to the extent that there is convincing evidence that the Group will pay normal income tax during the specified period,
i.e., the period for which MAT credit is allowed to be carried forward. In the year in which the Group recognizes MAT credit as an asset in
accordance with the Guidance Note on Accounting for Credit Available in respect of Minimum Alternative Tax under the Income-tax Act, 1961,
the said asset is created by way of credit to the statement of profit and loss and shown as “MAT Credit Entitlement.” The Group reviews the
“MAT credit entitlement” asset at each reporting date and writes down the asset to the extent the Group does not have convincing evidence that it
will pay normal tax during the specified period.
n. Segment reporting
Identification of segments
The Group’s operations predominantly relate to one business segment of manufacturing and distribution of ketchup and other various variants of
sauces like mint sauce, tamarind sauces bread spread, mayonnaise etc. where risk and returns are not at variance. Thus there is no reportable
segment as per accounting slandered (AS-17) “Segment Reporting”.
Segment accounting policies
The analysis of geographical segment is based on the geographical locations of the customers i.e., customers located within India and customers
located outside India.
o. Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period.
For the purpose of calculating diluted earnings per equity share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
p. Provisions
A provision is recognised when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to its present
value and are determined based on best management estimate required to settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current best management estimates.
q. Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Group or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent liability but discloses its
existence in the consolidatedfinancial statements.
r. Cash and Cash equivalents
Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand and short- term investments with an original maturity of
three months or less.
s. Government grant
107
Grants and subsidies from the government are recognized when there is reasonable assurance that (i) the Group will comply with the conditions
attached to them, and (ii) the grant/subsidy will be received.
When the grant or subsidy relates to revenue, it is recognized as income on a systematic basis in the statement of profit and loss over the periods
necessary to match them with the related costs, which they are intended to compensate. Where the grant relates to an asset, it is recognized as
deferred income and released to income in equal amounts over the expected useful life of the related asset.
Where the company receives non-monetary grants, the asset is accounted for on the basis of its acquisition cost. In case a non-monetary asset is
given free of cost, it is recognized at a nominal value.
Government grants of the nature of promoters’ contribution are credited to capital reserve and treated as a part of the shareholders’ funds.
t. Employee stock compensation cost

Employees (manager and above) of the Holding Company receive remuneration in the form of share basedpayment transactions, whereby
employees render services as consideration for equity instruments (equity-settled transactions).
In accordance with the Guidance Note on Accounting for Employee Share-based Payments, the cost of equity-settled transactions is measured
using the intrinsic value method. The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date
reflects the extent to which the vesting period has expired and the company’s best estimate of the number of equity instruments that will
ultimately vest. The expense or credit recognized in the statement of profit and loss for a period represents the movement in cumulative expense
recognized as at the beginning and end of that period and is recognized in employee benefits expense.
Where the terms of an equity-settled transaction award are modified, the minimum expense recognized is the expense as if the terms had not been
modified, if the original terms of the award are met. An additional expense is recognized for any modification that increases the total intrinsic
value of the share-based payment transaction,or is otherwise beneficial to the employee as measured at the date of modification.
[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
108
[201200] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Domestic defined
Defined benefit plans [Axis] benefit plans
[Member]
Defined benefit plans categories [Axis] 1
01/04/2019
to
31/03/2020
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [LineItems]
Textual information
Description of accounting policy for defined benefit plans (30) [See below]
Description of type of plan GRATUITY
Reconciliation of changes in present value of defined benefit obligation [Abstract]
Changes in defined benefit obligation, at present value [Abstract]
Increase (decrease) through current service cost, defined benefit obligation, at present value 59,12,083
Increase (decrease) through interest cost, defined benefit obligation, at present value 20,92,022
Increase (decrease) through actuarial losses (gains), defined benefit obligation, at present
10,07,740
value
Decrease through benefits paid, defined benefit obligation, at present value 10,50,930
Total changes in defined benefit obligation, at present value 59,45,435
Reconciliation of changes in fair value of plan assets [Abstract]
Changes in plan assets, at fair value [Abstract]
Total changes in plan assets, at fair value 0
Recognised assets and liabilities of defined benefit plans [Abstract]
Net liability (asset) of defined benefit plans 0
Reconciliation of liability asset of defined benefit plans [Abstract]
Net liability (asset) of defined benefit plans 0
Experience adjustments on plan assets and plan liabilities [Abstract]
Net surplus (deficit) in plan 0

01/04/2020
to
31/03/2021
Disclosure of employee benefits explanatory [TextBlock] [See below]
Description of accounting policy for defined benefit plans

The Group has a defined benefit gratuity benefit plan. Every employee who has completed 5 years or more of service gets a gratuity on departure
at 15 days salary (last drawn salary) for each completed year of service. The scheme was funded with Life Insurance Corporation of India in the
form of a qualifying insurance policy till previous year.
109
Disclosure of employee benefits explanatory [Text Block]
31. (i) Employee Benefits - Gratuity (Defined Benefit)
The Group has a defined benefit gratuity benefit plan. Every

employee who has completed 5 years or more of service gets a
gratuity on departure at 15 days salary (last drawn salary) for each
completed year of service. The scheme was funded with Life
Insurance Corporation of India in the form of a qualifying insurance
policy till previous year.
The following table summarizes the components of net benefit

expenses recognised in the statement of profit and loss and
amount recognised in the balance sheet in the respective year:
a) Changes in the present value of the defined benefit obligation

are as follows:
March 31, March 31,

2021 2020
Present value of obligation as at the beginning of the year 32807333 26861898
Interest cost 2227618 2092022
Current service cost 5310079 5912083
Past service cost 0 0
Benefits paid -2097870 -1050930
Actuarial Loss/(gain) on obligation -4477752 -1007740
Present value of obligation as at the close of the year 33769408 32807333
b) Change in fair value of plan assets are as follows:
March 31, March 31,
110
2021 2020
Fair value of plan assets as at the beginning of the year 0 0
Expected return on plan assets 0 0
Amount received during the year 0 0
Fair value of plan assets as at the end of the year 0 0
100% of the amount in plan assets was being maintained with LIC
of India till last year.
c) Amount recognized in balance sheet
March 31, March 31,

2021 2020
Estimated present value of obligations as at the end of the year 33769408 32807333
Fair value of plan assets as at the end of the year 0 0
Net liability 33769408 32807333
d) Net employee benefit expense recognized in the employee cost
March 31, March 31,

2021 2020
Current service cost 5310079 5912083
Past service cost 0 0
Interest Cost 2227618 2092072
Expected return on plan assets 0 0
Net Actuarial (Gain)/Loss recognized in the year -4477752 -1007740
Total expenses to be recognized in statement of profit and loss 3059945 6996415
111
e) Principal actuarial assumption at the balance sheet date

(expressed as weighted average)
March 31, March 31,

2021 2020
Gratuity Gratuity
Discount Rate 0.0679 0.0679
Expected rate of return on Plan Assets 0 0
Expected Rate of Salary Increase 0.07 0.07
Method Used PUC PUC
f) The estimates of future salary increases, considered in actuarial

valuation, take account of inflation, seniority, promotion and other
relevant factors, such as supply and demand in employment
market.
The overall expected rate of return on assets is determined based
on the market prices prevailing on that date, applicable to the
period over which the obligation is to be settled. There has been
significant change in expected rate of return on assets due to
change in the market scenario.
g) Amount recognised for current period and previous periods are

as follows:
March 31, March 31, March 31, March 31, March 31,
2021 2020 2019 2018 2017
Defined benefit obligation 33769408 32807333 26861848 20791626 17994638.86
112
Plan assets 0 0 0 6188978 5883534
(Deficit) -33769408 -32807333 -26861848 -14602648 -12111104.86
h) Demographic Assumptions
March 31,
44286
2020
Gratuity Gratuity
(Funded) (Funded)
i) Retirement Age 60 60
IALM IALM
ii) Mortality Table
(2012 - 14) (2006-08)
Withdrawal Withdrawal
iii) Ages
Rate (%) Rate (%)
Upto 30 Years 0.1 0.03
From 31 to 44 Years 0.16 0.02
Above44 Years 0.04 0.01
[300400] Notes - Employee share-based payments
Disclosure of number and weighted average remaining contractual life of outstanding stock options [Table] ..(1)
Ranges of exercise prices for outstanding stock options [Axis] 1
31/03/2020
Disclosure of number and weighted average remaining contractual life of outstanding stock options
[Abstract]
Disclosure of number and weighted average remaining contractual life of outstanding stock options
[LineItems]
Number of outstanding stock options 16,858
Weighted average remaining contractual life of outstanding stock options 7.09
113
Disclosure of number and weighted average exercise prices of stock options [Table] ..(1)
Groups of stock options [Axis] Stock options outstanding [Member] Stock options granted [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 number and weighted average
exercise prices of stock options [Abstract]
Disclosure of number and weighted average
exercise prices of stock options [LineItems]
Number of stock options in employee
16,858 16,858 6,625 8,875
share-based payment arrangement
Weighted average exercise price of stock
options in employee share-based payment 0 82.29 0 82.29
arrangement
Disclosure of number and weighted average exercise prices of stock options [Table] ..(2)
Groups of stock options [Axis] Stock options exercised [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of number and weighted average exercise prices of stock options [Abstract]
Disclosure of number and weighted average exercise prices of stock options
[LineItems]
Number of stock options in employee share-based payment arrangement 0 892
Weighted average exercise price of stock options in employee share-based payment
0 90
arrangement

01/04/2020
to
31/03/2021
Disclosure of notes on employee share-based payment arrangements explanatory Textual information (32)
Disclosure of number and weighted average exercise prices of stock
options explanatory [TextBlock]
Disclosure of number and weighted average remaining contractual life
of outstanding stock options explanatory [TextBlock]
114
Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]
38. Share based payments
(A) Employee Stock Option Scheme
The Holding Company has issued stock options to its

employees in accordance with the Holding Company’s
Employee Stock Option Scheme 2018. The scheme has been
adopted by the Board of Directors on April 6, 2018 and the
same was approved by the members of the Holding Company
on April 10, 2018. The scheme is administered by the Cremica
Employees Welfare Trust established by the Holding
Company for extending benefits of the scheme to the existing
and future employees of the Holding Company. The maximum
number of options that may be issued pursuant to this scheme
shall not exceed 1,44,000 options representing 2.5% of the
paid up share capital of the Holding Company as on April 10,
2018, which shall be convertible into equal number of Equity
Shares of the Holding Company at the time of the Exercise of
such options by the Grantee. All the permanent employees of
the Holding Company in the rank of Manager and above,
having being completed 3 years of Service in the organization
except the promoter, or any director holding more than 10% of
the outstanding Equity shares of the Holding Company, are
eligible to participate in the schemes. The Committee grants
stock options to the employees at its discretion depending
upon criteria such role of the employee, length of service with
the Holding Company, past performance record, future
potential of the employee and/or such other criteria that may
be determined by the Committee.
The stock option shall vest proportionately over the period of 4

years from the date of grant in the ratio of 10% for the first
year, 20% for second year, 30% for the third year and 40% for
the fourth year. The options would be granted at the exercise
price that is linked with the book value of the Holding
Company as on the date of vesting of the Options with the
Grantees. The exercise price, in cash, is paid by the employee
at the time of exercise of the stock option. The option lapses if
not exercised within a period of 4 years from the date of
vesting of option. The lapsed option is available for being
re-granted/ re-issued at a future date. The maximum number
of options that may be granted to any specific employee is
upto 0.5 % of the issued capital of the Holding Company as on
the date of entitlement of options.
No. of
Exercise
Date of Grant options Fair Value
Price
granted
May 2, 2018 8875 69.81 94.19
115
June 7, 2019 8875 82.29 210.24
December 30, 2020 6625 89.33 132.31
(B) Summary of stock options
The details of activity under the Scheme 2018 are

summarized below:
For the
For the
year
year ended
Particulars ended
March 31,
March 31,
2021
2020
Weighted
Weighted
No. of Average No. of
Life Average Life
Shares Exercise Shares
Price
Price
Options outstanding at the beginning of the year 16858 82.29 3.545 8875 82.29036237 3.09
Options granted during the year 6625 89.33 4 8875 82.29 4
Options forfeited / lapsed during the year 1125 86.52 0 0 0 0
Options exercised during the year 0 0 0 892 90 0
Options outstanding at the end of the year 22358 89.33 3.68 16858 82.29 3.545
Options exercisable at the end of the year 0 0 0 0 0 0
(C) Range of exercise price and weighted average remaining

contractual life of stock options outstanding:
For the
year ended
For the year ended March 31, 2021
March 31,
2020
Weighted Number of Weighted

average stock Range average
Range of options of
116
Number of stock options outstanding at the year end exercise remaining outstanding exercise remaining
price contractual at the year price contractual
life end life
22358 89.33 3.68 16858 82.29 3.545
(D) Weighted average fair value of options: The fair value of

each option is estimated using the Black Scholes model after
applying the following weighted average assumptions:-
For the
For the
year
year ended
Particulars ended
March 31,
March 31,
2021
2020
Risk free interest rate 0.074 0.074
Expected Volatility 0 0
Exercise Price 89.33 82.29
(E) The Holding Company has used intrinsic value method of

accounting ESOP expenses, to account for stock options
issued under the Holding Company's stock options schemes.
Under this method, compensation expenses are recorded on
the basis of excess of the fair value of share at the date of
grant of option over exercise price of the option.
There would be no impact on the profit or earnings per share

had the Holding Company used the fair value of the options as
the method of accounting instead of intrinsic value as the fair
value is less than the intrinsic value of the option.
(F) Following is the table showing Fair Value, Exercise Price

and amount of expenditure not recognised at each Balance
Sheet date
No. of
options
outstanding Face Value
No. of Exercise
As at of Each Fair Value
(vested but Shares Share
Value
117
not
exercised)
March 31, 2020 16858 16858 10 82.29 210.24
March 31, 2021 22358 22358 10 89.33 132.31
[201300] Notes - Segments

01/04/2020
to
31/03/2021
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below]
Disclosure of enterprise's reportable segments explanatory [Text Block]
The Group is primarily engaged in the business of manufacturing and distribution of ketchup and other various variants of sauces
like mint sauce, tamarind sauce, bread spreads, mayonnaise etc. which are governed by same set of risks and returns. As the
Company’s business activity falls within a single primary business segment, the disclosure requirements of Accounting Standard
(AS—17) “Segment Reporting" issued by the institute of Chartered Accountants of India is not applicable to the Company.
118
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
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]
related parties [LineItems]
AKSHAY BECTOR AKSHAY BECTOR
Name of related party AKSHAY BECTOR AKSHAY BECTOR
HUF HUF
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party ABJPB4769K ABJPB4769K AABHA1049L AABHA1049L
Enterprises which
Enterprises which are
are owned, or have
owned, or have
significant influence
Key Management Key Management of or are partners
Description of nature of related party relationship Personnel Personnel with Key
of or are partners with
Key management
management
personnel and their
personnel and their
relatives
relatives
RENT PAID, RENT PAID,
REMUNERATION, REMUNERATION,
BALANCE BALANCE
Description of nature of transactions with related
PAYABLE, PAYABLE, RENT PAID RENT PAID
party SECURITY SECURITY
DEPOSIT DEPOSIT
RECEIVABLE RECEIVABLE
Related party transactions [Abstract]
Other related party transactions expense 52,58,649 39,60,000 11,25,000 18,00,000
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 75,00,000 1,17,74,314 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 1,75,148
Maximum amount receivable from related party
0 3,60,00,000
during period
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
119

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
Parimeya Commerce Parimeya Commerce
Name of related party GEETA BECTOR GEETA BECTOR
Private Limited Private Limited
party
Permanent account number of related party ABVPB3164E ABVPB3164E
CIN of related party U65100DL2015PTC283326 U65100DL2015PTC283326
Enterprises which are Enterprises which are
owned, or have significant owned, or have significant
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
influence of or are partners influence of or are partners
with Key management with Key management
personnel and their relatives personnel and their relatives
RENT PAID, RENT PAID,
Description of nature of transactions with related REMUNERATION, REMUNERATION, RENT PAID, SECURITY RENT PAID, SECURITY
party DIRECTOR DIRECTOR DEPOSIT RECEIVABLE DEPOSIT RECEIVABLE
SITTING FEE SITTING FEE
Other related party transactions expense 2,35,60,000 40,10,000 2,00,000 30,00,000
[Abstract]
Remuneration for key managerial personnel 30,00,000 47,09,677 0 0
Maximum amount receivable from related party
0 2,00,00,000
during period
0 0 0 0
0 0 0 0

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
SURENDRA SURENDRA
Name of related party KHEMKA KHEMKA
ROBIN VIJAN ROBIN VIJAN

party
Permanent account number of related party ABQPK8304C ABQPK8304C AJKPV7361A AJKPV7361A
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
REMUNERATION REMUNERATION REMUNERATION REMUNERATION
party
[Abstract]
Remuneration for key managerial personnel 99,34,192 56,10,464 10,68,154 14,75,926
0 0 0 0
0 0 0 0
120

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
Name of related party Nikhil Bhuchar Nikhil Bhuchar Khaitan and Khaitan Khaitan and Khaitan
party
Permanent account number of related party AXNPJ3841L AXNPJ3841L
AAQFK4200N AAQFK4200N
Enterprises which
Enterprises which are
are owned, or have
owned, or have
Key Management Key Management of or are partners
Description of nature of related party relationship Personnel Personnel with Key
of or are partners with
Key management
management
personnel and their
personnel and their
relatives
relatives
Description of nature of transactions with related PROFESSIONAL PROFESSIONAL
REMUNERATION REMUNERATION
party FEES FEES
Other related party transactions expense 0 9,00,000
[Abstract]
Remuneration for key managerial personnel 27,30,565 2,13,290 7,15,000 0
0 0 0 0
0 0 0 0

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
Rajesh Kumar Rajesh Kumar
Name of related party Rishi Nath Khanna Rishi Nath Khanna
Srivastav Srivastav
party
Permanent account number of related party AAIPK7925L AAIPK7925L ANOPS8245A ANOPS8245A
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Description of nature of transactions with related DIRECTOR DIRECTOR
SITTING FEES SITTING FEES
party SITTING FEES SITTING FEES
Other related party transactions expense 0 75,000 2,25,000 2,80,000
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
0 0 0 0
0 0 0 0
121

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
Name of related party Akhilesh Bector Akhilesh Bector Rajni Bector Rajni Bector
party
Permanent account number of related party ASBPB8038J ASBPB8038J ABKPB0071B ABKPB0071B
Relatives of Key Relatives of Key Relatives of Key Relatives of Key
Description of nature of related party relationship management management management management
personnel personnel personnel personnel
SALARY PAID SALARY PAID SALARY PAID SALARY PAID
party
Other related party transactions expense 0 27,59,306 0 17,68,529
[Abstract]
Remuneration for key managerial personnel 6,40,887 0 11,25,000 0
0 0 0 0
0 0 0 0

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
Umesh Kumar Umesh Kumar
Name of related party Sana Bector Sana Bector
Khaitan Khaitan
party
Permanent account number of related party BMMPB9291H BMMPB9291H AFEPK7308G AFEPK7308G
Relatives of Key Relatives of Key
Key Management Key Management
Description of nature of related party relationship management management
Personnel Personnel
personnel personnel
DIRECTOR DIRECTOR
Description of nature of transactions with related SITTING FEES, SITTING FEES,
NA NA
party BALANCE BALANCE
PAYABLE PAYABLE
Revenue form agency arrangements, percentage 225000.00% 0.00%
Other related party transactions expense 0 1,80,000
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Amounts payable related party transactions 0 2,000
0 0 0 0
0 0 0 0
122

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
123
Disclosure of notes on related party explanatory [Text Block]
CREMICA
FOOD PARK
PRIVATE
LIMITED
NOTE '30'
NOTES
FORMING
PART OF THE
FINANCIAL
STATEMENTS
i) Disclosure of
Related
Parties/Related
Parties
Transactions :
List of related
parties where
control exists
and related
parties with
whom
transactions
have taken
place and
relationship:
Name of
Relationship
Related Party
Key
a) Akshay Managerial
Bector, Director Personnel
(KMP)
b) Geeta
Bector, Director
c) Sanjai Singh
Parmar
124
a) Mohit Company
Kukreja Secretary
a) Akhilesh Relative of
Bector KMP
a) Cremica
Holding
Food Industries
Company
Ltd
Transactions
with and
outstanding
balances of
above parties
were as
under:-
(a)
Transactions of
related parties
during the year:
Name of
Nature of
S. No. Particulars Related Total
relationship
Party
Sanjai
i) Rent paid Singh KMP 0
Parmar
-10000
Remuneration
(including Geeta
ii) KMP 0
Perquisites) Bector
paid
-2000000
Akhilesh Relative of
640887
Bector KMP
-2361290
125
Sanjai
Singh KMP 2181246
Parmar
-3037742
Bhopal
Singh KMP 796070
Parmar
-9018183
Geeta
iii) Loan Received KMP 19600000
Bector
Cremica
Advance Food Holding
iv) 60739444 60739444
received Industries Company
Limited
-125495000
Cremica
Revenue from
Food Holding
v) Processing/ 53490017 53490017
Industries Company
Job Work
Limited
-132840
Cremica
Material Food Holding
vi) 24029066 24029066
Purchased Industries Company
Limited
-6837893.29
Cremica
Food Holding
vii) Advance repaid 61380436 61380436
Industries Company
Limited
-8038770
Cremica
Asset
Food Holding
viii) Purchased 0 0
Industries Company
from CFIL
Limited
126
-1231278
Cremica
Cold room rent Food Holding
ix) 4056852 4056852
charges Industries Company
Limited
-1950000
Cremica
Reimbursement Food Holding
x) 953711 953711
of Expenses Industries Company
Limited
Cremica
Expenditure
Food Holding
xi) incurred on our 33300000 33300000
Industries Company
behalf
Limited
-33300000
*Figures in
brackets
represents
corresponding
amounts of
March 31, 2020
(b) Closing
balances of the
related parties:
Name of
Nature of
S. No. Particulars Related Amount in ? 71928000
relationship
Party
Cremica
Food Holding
i) Other Payable 479995117.4 372056111
Industries Company
Limited
-415775559 37019220.6
Loans and
Geeta
ii) Advances from Director 19727120 56236163
Bector
Related Parties
127
127120 4957022
17138908.12
*Figures in
brackets
represents
39294000
corresponding
amounts of
March 31, 2020
6249562.65
2497500
Note 31 : 479995117.4
In view of the
management,
the current
assets, loans
and advances
have a value
on realisation
in the ordinary
course of
business at
least equal to
the amount at
which they are
stated in the
balance sheet
as at
31st March,
2021.
Note 32 :
The closing
balances of
debtors,
creditors and
loans and
advances are
subject to
confirmation.
Note 33 :
Figures are
rounded to the
nearest rupee.
128
As per our
Audit Report of
even date
attached
The following table provides the total amount of transactions that have been entered into with related
parties during the year:
March 31,
Particulars
2021
Enterprises
in which
Key Relatives
Key
managerial of Key
managerial
personnel Managerial
Personnel
have personnel
significant
influence
Reimbursement of expenses from
Akshay Bector 0 1298649 0
Rent paid to
Akshay Bector HUF 1125000 0 0
Geeta Bector 0 3960000 0
Parimeya Commerce Private Limited 200000 0 0
Sanjai Singh Parmar 0 0 0
Loan received from
129
Managerial Remuneration
Surendra Khemka 0 9934192 0
Robin Vijan 0 1068154 0
Ravindra Nath Gupta 0 1478495.61 0
Nikhil Bhuchar 0 2730565 0
Sanjay Singh Parmar 0 2181246 0
Bhopal Singh Parmar 0 796070 0
Professional Charges
Khaitan and Khaitan 715000 0 0
Director Sitting Fee
Geeta Bector 0 0 0
Rishi Nath Khanna 0 0 0
S.K. Tuteja 0 175000 0
Rajesh Kumar Srivastava 0 225000 0
Umesh Kumar Khaitan 0 225000 0
Raman Singh Sidhu 0 250000 0
Salary Paid
130
Rajni Bector 0 0 1125000
Akhilesh Bector 0 0 640887
Balance at the year end
Balance payable to
Akshay Bector 0 0 0
Umesh Kumar Khaitan 0 0 0
Balance receivables from
Akshay Bector 0 523303.45 0
Security deposit receivable from
Parimeya Commerce Private Limited 0 0 0
Loan payable to
[201400] Notes - Leases

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of leases explanatory [TextBlock] [See below]
Minimum lease payments recognised as expense, classified as
2,82,03,629 3,39,86,764
operating lease
Total lease payments recognised as expense 2,82,03,629 3,39,86,764
Whether any operating lease has been converted to financial lease or
No No
vice-versa
131
Disclosure of leases explanatory [Text Block]
29. The Holding company has leased facilities under both cancellable and non cancellable operating leases
arrangements with a lease term ranging from one to fifteen years, which are subject to renewal at mutual
consent thereafter, The cancellable arrangements can be terminated by either party after giving due notice.
The lease rent expenses recognized during the year amounts to Rs. 28,203,629/- (March 31, 2020 Rs.
33,986,764). The future minimum lease payments in respect of non cancellable operating leases as at March
31, 2021 is as follows:
As at As at
March March
31, 31,
2021 2020
a) not later than one year 0 0
b) later than one year but not later than five years 00
c) later than five years 0 0
[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] [See below]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 0 [shares] 59,21,972
Adjustments of numerator to calculate basic earnings per share [Abstract]
Numerator to calculate basic earnings per share 0 59,21,972
Profit (loss) for period -30,41,87,975 -11,33,65,380.6
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Numerator to calculate diluted earnings per share 0 59,21,972
Profit (loss) for period -30,41,87,975 -11,33,65,380.6
132
Disclosure of earnings per share explanatory [Text Block]
27. Earning per share (EPS)
The following reflects the loss and share data

used in basic and diluted EPS computation:
For the year For the year

ended ended
March 31, March 31,
2021 2020
Basic earning/ (loss) per share
Profit/ (loss) after tax -304187975 -113365380.6
Less : dividends on convertible preference

0 392915
shares & tax thereon
Net profit/ (loss) for calculation of basic EPS -304187975 -113758295.6
Weighted average number of shares of equity

7245158 5921971.978
shares in calculating basic EPS
Earning/ (loss) per share - Basic -41.98500226 -19.20952952
Diluted earning/ (loss) per share
Net profit/ (loss) as above -304187975 -113758295.6
Add : dividends on convertible preference

0 392915
shares & tax thereon
Net profit/(loss) for calculation of diluted EPS -304187975 -113365380.6

7245158 5921971.978
shares in calculating basic EPS *
Effect of dilution:
133
Convertible 0 0
Stock Options granted under ESOP 2663 2663

7247821 5924634.978
shares in calculating diluted EPS *
Earning/ (loss) per share - Diluted** -41.98500226 -19.13457639
**The Group has incurred loss in the current

year therefore the impact of ESOP's which will
be converted into equity shares will have Anti
Diliutive impact on the earnings per share.
Therefore effect of Anti Diutive ESOP's are
ignored in calculating diluted earning per share
[201900] Notes - Income taxes

31/03/2021 31/03/2020
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, provision doubtful debts 0 8,40,283
Deferred tax asset, other 0 1,41,96,293
Total deferred tax assets 0 1,50,36,576
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 0 3,35,92,116
Total deferred tax liabilities 0 3,35,92,116
[202600] Notes - Consolidated financial statements
Disclosure of details of entities consolidated [Table] ..(1)

Entities consolidated [Axis] ONE THREE TWO
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of additional information consolidated financial statements
[Abstract]
Disclosure of additional information consolidated financial
statements [LineItems]
Cremica Condiments Cremica Food Park Mrs. Bector’s Foods
Name of entity consolidated Private Limited Private Limited Private Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 4.93 0.66 -0.01
134
Disclosure of details of subsidiaries [Table] ..(1)

Subsidiaries [Axis] ONE THREE TWO
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
CREMICA FOOD MRS. BECTOR'S C R E M I C A
Name of subsidiary consolidated PARK PRIVATE FOODS PRIVATE CONDIMENTS
LIMITED LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary consolidated INDIA INDIA INDIA
Proportion of ownership interest in subsidiary consolidated 100.00% 100.00% 100.00%
Proportion of voting power held in subsidiary consolidated 100.00% 100.00% 100.00%
Description of nature of relationship with subsidiary
where parent has directly or indirectly less than half N.A N.A N.A
of voting power

01/04/2020
to
31/03/2021
Disclosure of notes on consolidated financial statements explanatory Textual information (37)
Whether consolidated financial statements is applicable on company Yes
Description of reason for not consolidating subsidiary N.A
Description of fact that uniform accounting policies are not adopted for
N.A
consolidated financial statements
Proportion of items in consolidated financial statements to which
0.00%
different accounting policies have been applied
Disclosure of details of subsidiaries explanatory [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]
135
Disclosure of notes on consolidated financial statements explanatory [Text Block]
Cremica Food
Industries
Limited
Notes to
Consolidated
Financial
Statements for
the year ended
on March 31,
2021
(All amounts in
Rupees unless
otherwise
stated)
39. Additional
information
Additional
disclosures by
Paragraph 2 of
general
instruction for
preparation of
Consolidated
Financial
statement as
per Schedule
III of the
Companies
Act, 2013:
44286 43921
Net assets Net assets

Share in Share in
(Total (Total
profit and profit and
assets-Total assets-Total
loss loss
liabilities liabilities
As a % of As a % of As a % of As a % of
Name of the
consolidated Amount consolidated Amount consolidated Amount consolidated Amount
entity
net assets loss net assets loss
136
Parent holding
0.7925184 471018218.9 0.579545 -176290633 0.739135136 647234272.7 -0.197980218 22444102.74
company
Subsidiaries
Cremica Food
Park Private 0.6623992 393684343.5 0.3731167 -113497598.3 0.553182225 484401941.8 1.177168456 -133450150
Limited
Cremica
Condiments 4.933E-06 2932 5.102E-05 -15520 2.1072E-05 18452 0.000138931 -15750
Private Limited
Mrs bectors
Foods Private -0.000829 -492806 4.974E-05 -15130 -0.0005455 -477676 0.003836886 -434970
Limited
Intercompany
elimination/
-0.454093 -269881755.4 0.0472375 -14369093.73 -0.29179293 -255512661.5 0.016835945 -1908613.34
adjustments on
consolidation
Total 1 594330933 1 -304187975 1 875664329 1 -113365381
(This space
has been
intentionally
left blank.)
[202100] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Classes of other provisions [Axis] Miscellaneous other provisions [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions 0 1,35,00,000
Total changes in other provisions 0 1,35,00,000
Other provisions at end of period 0 1,35,00,000
137
Disclosure of contingent liabilities [Table] ..(1)

Guarantee given for related parties
Classes of contingent liabilities [Axis] Other contingent liabilities [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 contingent liabilities [Abstract]
Disclosure of contingent liabilities [LineItems]
Description of nature of contingent liabilities Corporate Guarantee Corporate Guarantee
Estimate of financial effect of contingent
37,23,65,287.66 37,45,59,979 32,94,00,000 32,94,00,000
liabilities

Contingent liability on disputed sales tax
Classes of contingent liabilities [Axis] Other guarantees given [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
CST liabilities
CST liabilities against
Description of nature of contingent liabilities other other against pending 'C'
pending 'C' forms
forms
Estimate of financial effect of contingent
3,67,83,838 4,07,04,139
liabilities

Other contingent liabilities, others
Classes of contingent liabilities [Axis]
[Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Interest liability on Interest liability on
grant returnable, grant returnable,
Description of nature of contingent liabilities Preference Dividend Preference Dividend
Proposed Proposed
Estimate of financial effect of contingent liabilities 61,81,449.66 44,55,840
[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 1,37,00,312 71,81,197 1,32,99,419
Total cash and cash equivalents 1,37,00,312 71,81,197
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 17,57,600 84,29,592
Total income taxes paid (refund) 17,57,600 84,29,592
138
[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 191,00,47,953 290,01,89,174
Revenue from sale of services 0 0
Total revenue from operations other than finance company 191,00,47,953 290,01,89,174
Total revenue from operations 191,00,47,953 290,01,89,174
Other income 4,46,25,602 5,39,54,380
Total revenue 195,46,73,555 295,41,43,554
Expenses [Abstract]
Cost of materials consumed (A) 109,00,81,501
164,42,61,724
Purchases of stock-in-trade (B) 1,19,87,165

6,47,75,829
Changes in inventories of finished goods, work-in-progress and

-3,40,23,486
stock-in-trade (C) 1,45,64,015
Employee benefit expense (D) 32,26,00,301

45,73,48,646
Finance costs 8,91,65,022 6,01,05,716

Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense (E) 10,29,85,501
10,30,15,059
Amortisation expense 9,51,606 19,72,656

Total depreciation, depletion and amortisation expense 10,39,37,107 10,49,87,715
CSR expenditure (F) 7,80,108

0
Other expenses (G) 62,02,28,057

75,61,75,761
Total expenses 225,33,43,276 305,36,31,905

Total profit before prior period items, exceptional items, extraordinary
-29,86,69,721 -9,94,88,351
items and tax
Exceptional items before tax 57,00,536 45,50,046
Total profit before extraordinary items and tax -29,29,69,185 -9,49,38,305
Total profit before tax -29,29,69,185 -9,49,38,305
Tax expense [Abstract]
Current tax 0 0
Deferred tax 1,12,18,790 1,84,27,075.6
Total tax expense 1,12,18,790 1,84,27,075.6
Total profit (loss) for period from continuing operations -30,41,87,975 -11,33,65,380.6
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest -30,41,87,975 -11,33,65,380.6
Profit (loss) of minority interest 0 0
Total profit (loss) for period -30,41,87,975 -11,33,65,380.6
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -41.985 [INR/shares] -19.21
Diluted earnings per equity share [INR/shares] -41.985 [INR/shares] -19.21
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
139
Footnotes
(A)
21. Cost of raw and packing material consumed

ended ended
March 31, March 31,
2021 2020
Inventory at the beginning of the year 242877928 196763561
Add: Purchases during the year 1086737768 1690376091
1329615696 1887139652
Less: Inventory at the end of year -239534195.2 -242877928
Net cost of raw material and packing material

1090081501 1644261724
consumed
Details of raw material and packing material

consumed:

ended ended
March 31, March 31,
2021 2020
Raw material:
Soyabean Oil 317635248 407179594
Sugar 84035981 134641172
Liquid glucose 49660574 91608176
WPC 57758588 93866256
Tomato Paste 109309418 238285276
Others 232709368 319236196
140
Packing material 238972324 359445054
Total 1090081501 1644261724
Details of inventory of raw material and packing

material at the year end:

ended ended
March 31, March 31,
2021 2020
Raw material:
Soyabean Oil 8222977 2619267
Sugar 1644820 989733
Liquid glucose 722747 871154
WPC 3486319 4696787
Tomato Paste 31597816 51101065
Other raw material 100504833 70010842
Packing material 93354683 112589080
Total 239534195 242877928
141
(B)
Details of traded goods purchased during the year
For the year ended For the year ended

March 31, 2021 March 31, 2020
Fruit Cocktail 0 16631992
Pasta 2604317 6791300
Fruit Slice 0 10759045
Peanut Butter 9382848 12783781
Others 0 3522446
Wraps 0 14287265
Total 11987165 64775829
(C)
22. (Increase) / decrease in Inventories

March 31, 2021 March 31, 2020
Inventories at the end of the year
Traded Goods 6803692 30236962
Work-in-progress 10526830 7359055
Finished goods 129744941 124043461
(A) 147075463 161639478
142
Inventories at the Beginning of the year
Traded Goods 30236962 17952729
Finished goods 124043461 102141014
(B) 161639478 127615992
(Increase) in inventories (B-A) 14564015 -34023486
Details of inventory of traded goods at the year end

March 31, 2021 March 31, 2020
Pasta 1366148 5011639
Fruit Slice 1068461 3487419
Others 43908 1288941
Wraps 1560259 5917195
Total 6803692 30236962
Details of inventory of Work-in-progress at the year end

March 31, 2021 March 31, 2020
Sauces 8558845 5633302
143
Other condiments 1967985 1542400
Syrup 0 183353
Total 10526830 7359055
Details of inventory of finished goods at the year end

March 31, 2021 March 31, 2020
Sauces 106358578 101798980
Others condiments 17314897 18117629
Snacks 6071466 4126852
Total 129744941 124043461
(D)
23. Employee Benefit Expense

March 31, 2021 March 31, 2020
Salaries, wages and bonus 300243117 421137320
Contribution to provident fund and other funds 12903112 17482897
Employee stock option scheme (refer note 38) 400499 519143
144
Gratuity (refer note 31) 3059945 6996415
Staff welfare expenses 5993628 11212871
322600301 457348646
(E)
25. Depreciation and amortization expense

March 31, 2021 March 31, 2020
Depreciation on property, plant and equipment 102985501 103015059
Amortization of intangible assets 951606 1972656
Total 103937107 104987715
(F)

24(i) Details of CSR expenditure ended ended
March 31, 2021 March 31, 2020
Gross amount required to be spent by the company during the

780108.8867 0
year
Amount spent during the year:
i) Construction/ acquisition of any asset 00
ii) On purpose other than (i) above 0 0
iii) related to previous year 0 0
Amount unspent at year end 780108.8867 0
(G)
24. Other Expenses
145
For the For the

year ended year ended
March 31, March 31,

2021 2020
Consumption of stores and spare parts 12023837 14972810
Power and fuel 46548446 35155789
Job-work charges 3550205 6610810
Rent 29857829 34894498
Freight and forwarding charges 103455684 132823546
Repairs and maintenance
Plant and Machinery 14142855 18471572
Buildings 1254681 3305384
Others 7712974 6731553
Insurance 8018502 8176850
Rates and taxes 3465158 5719081
Travelling and conveyance 38079005 84045785
Communication costs 4301656 4776583
Printing and stationery 645151 968704
Legal and professional fees 13760285 15160647
Payment to Auditor
Statutory Audit Fee 3000000 2350000
Other Services 0 1000000
Out of Pocket Expenses 75625 284200
146
Loss on foreign exchange fluctuations (net) 572139 0
Advertising and sales promotion expenses 24584282 60975622
Carriage and forwarding charges 15338254 19243280
Provision for doubtful debts and advances

(bad debts written off out of opening provision Rs. Nil 28537760 4311273
(March 31, 2020: 2,666,140 ))
Provision for Contingencies(Refer Note 6) 15000000 13500000
Loss on sale/write off of property, plant and

337344 0
equipment
Discount, damage and expiry claims 195636499 239345292
CSR expenditure (refer note 24(i) below) 780109 0
Miscellaneous expenses 40583796 36186116
621008166 756175761
147
[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]
Disclosure of revenue from sale of products explanatory [TextBlock] [See below]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 191,00,47,953 290,01,89,174
Total revenue from sale of products 191,00,47,953 290,01,89,174
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 income [Abstract]
Disclosure of notes on other income explanatory [TextBlock] [See below]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0 5,30,632
income
Surplus on disposal, discard, demolishment and destruction of
0 4,41,90,441
depreciable tangible asset
Income export incentives 0 8,00,048
Income insurance claims 0 6,88,139
Excess provisions written back 0 2,04,333
Miscellaneous other non-operating income 4,46,25,602 75,40,787
Total other non-operating income 4,46,25,602 5,39,54,380
Total other income 4,46,25,602 5,39,54,380
Disclosure of finance cost [Abstract]
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, others 2,87,59,299 1,19,36,929
Total interest expense long-term loans 2,87,59,299 1,19,36,929
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks 2,62,30,283 2,97,61,924
Total interest expense short-term loans 2,62,30,283 2,97,61,924
Other interest charges 3,41,75,440 1,84,06,863
Total interest expense 8,91,65,022 6,01,05,716
Total finance costs 8,91,65,022 6,01,05,716
Employee benefit expense [Abstract]
Salaries and wages 30,02,43,117 42,11,37,320
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 1,29,03,112 1,74,82,897
Total contribution to provident and other funds 1,29,03,112 1,74,82,897
Expense on employee stock option scheme and employee stock purchase plan 4,00,499 5,19,143
Gratuity 30,59,945 69,96,415
Staff welfare expense 59,93,628 1,12,12,871
Total employee benefit expense (A) 32,26,00,301

45,73,48,646
Breakup of other expenses [Abstract]

Consumption of stores and spare parts 1,20,23,837 1,49,72,810
148
Power and fuel 4,65,48,446 3,51,55,789

Rent 2,98,57,829 3,48,94,498
Repairs to building 12,54,681 33,05,384
Repairs to machinery 1,41,42,855 1,84,71,572
Insurance 80,18,502 81,76,850
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 34,65,158 57,19,081
Total rates and taxes excluding taxes on income 34,65,158 57,19,081
Printing stationery 6,45,151 9,68,704
Travelling conveyance 3,80,79,005 8,40,45,785
Legal professional charges 1,37,60,285 1,51,60,647
Directors sitting fees 0 0
Advertising promotional expenses 2,45,84,282 6,09,75,622
Discounting charges 19,56,36,499 23,93,45,292
Cost repairs maintenance other assets 77,12,974 67,31,553
Cost transportation [Abstract]
Cost freight 10,34,55,684 13,28,23,546
Cost octroi 1,53,38,254 1,92,43,280
Total cost transportation 11,87,93,938 15,20,66,826
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Net provisions charged [Abstract]
Other provisions created 2,47,46,090 2,49,77,639
Total net provisions charged 2,47,46,090 2,49,77,639
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 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 30,00,000 23,50,000
Payment for other services 0 10,00,000
Payment for reimbursement of expenses 75,625 2,84,200
Total payments to auditor 30,75,625 36,34,200
Miscellaneous expenses 7,78,82,900 4,75,73,509
Total other expenses (B) 62,02,28,057

75,61,75,761
Current tax [Abstract]

Current tax pertaining to previous years -2,58,248.79 22,51,659
Current tax pertaining to current year 0 81,73,168
MAT credit recognised during year -2,58,248.79 1,04,24,827
Total current tax 0 0
149
Footnotes
(A)
23. Employee Benefit Expense

March 31, 2021 March 31, 2020
Salaries, wages and bonus 300243117 421137320
Contribution to provident fund and other funds 12903112 17482897
Employee stock option scheme (refer note 38) 400499 519143
Gratuity (refer note 31) 3059945 6996415
Staff welfare expenses 5993628 11212871
322600301 457348646
(B)
24. Other Expenses
For the For the

year ended year ended
March 31, March 31,

2021 2020
Consumption of stores and spare parts 12023837 14972810
Power and fuel 46548446 35155789
Job-work charges 3550205 6610810
Rent 29857829 34894498
Freight and forwarding charges 103455684 132823546
Repairs and maintenance
Plant and Machinery 14142855 18471572
Buildings 1254681 3305384
150
Others 7712974 6731553
Insurance 8018502 8176850
Rates and taxes 3465158 5719081
Travelling and conveyance 38079005 84045785
Communication costs 4301656 4776583
Printing and stationery 645151 968704
Legal and professional fees 13760285 15160647
Payment to Auditor
Statutory Audit Fee 3000000 2350000
Other Services 0 1000000
Out of Pocket Expenses 75625 284200
Loss on foreign exchange fluctuations (net) 572139 0
Advertising and sales promotion expenses 24584282 60975622
Carriage and forwarding charges 15338254 19243280
Provision for doubtful debts and advances

(bad debts written off out of opening provision Rs. Nil 28537760 4311273
(March 31, 2020: 2,666,140 ))
Provision for Contingencies(Refer Note 6) 15000000 13500000
Loss on sale/write off of property, plant and

337344 0
equipment
Discount, damage and expiry claims 195636499 239345292
CSR expenditure (refer note 24(i) below) 780109 0
Miscellaneous expenses 40583796 36186116
151
621008166 756175761
152
Disclosure of revenue from sale of products explanatory [Text Block]
19. Revenue from operations

March 31, 2021 March 31, 2020
Sale of Products
Finished goods 1816573474 2815867466
Traded Goods 45365396 69701596
Processing fees and storage charges 16637159
Leases Rentals 31471924 14620112
Revenue from Operations (gross) 1910047953 2900189174
Revenue from Operations 1910047953 2900189174
Details of Finished goods sold:

March 31, 2021 March 31, 2020
Sauces 1628316534 2475359753
Snacks 19105223 35698952
Total 1816573474 2815867466
Traded goods sold
153
For the year ended March 31, 2021 For the year ended March 31, 2020
Pasta 7459942 12300394
Fruit Slice 4958584 12983798
Peanut Butter 15285038 14682089
Others 715781 7008405
Wraps 3706383 10488707
45365396 69701596
154
Disclosure of notes on other income explanatory [Text Block]
20.1 Other Income
For the For the

year year
ended ended
March 31, March 31,
2021 2020
Scrap sales 1653389 4863811
Export Incentives 0 800048
Profit on Sale of Land* 0 43595206
Profit on Sale of other property plant and equipment 0 595235
Provision/ liabilities no longer required written back 288722 204333
Other claim** 36146500 0
Gain on foreign exchange fluctuation (net) 0 530632
Other income 6536991 3365115
44625602 53954380
*During the previous year, the Holding company had sold land situated at Village Chal,
Taluka Panvel, District-Raigad Maharashtra at a price of Rs. 95,000,000. The book value
of the land on the date of sale was Rs 51,404,794
** Represents claim raised to a vendor. Refer Note no 46
155
Disclosure of notes on finance cost explanatory [Text Block]
26. Finance Cost

ended ended
March 31, 2021 March 31, 2020
Interest on
Term loan 21046210 10039361
Working capital loans and cash credit facilities from

26230283 29761924
banks
Vehicle loans 4500132 1929622
Others 8629098 6437880
Interest on Term Loan from NABARD 28759299 11936929
89165022 60105716
156
[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 0 -2,19,02,447
Changes in inventories of work-in-progress 1,45,64,015 1,63,194
Changes in inventories of stock-in-trade 0 -1,22,84,233
Total changes in inventories of finished goods, work-in-progress and
-3,40,23,486
stock-in-trade (A) 1,45,64,015
Exceptional items before tax 57,00,536 45,50,046
Total exceptional items 57,00,536 45,50,046
Total exceptional and extraordinary items 57,00,536 45,50,046
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale traded goods 191,00,47,953 290,01,89,174
Total domestic turnover goods, gross 191,00,47,953 290,01,89,174
Total revenue from sale of products 191,00,47,953 290,01,89,174
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
157
Footnotes
(A)
22. (Increase) / decrease in Inventories

March 31, 2021 March 31, 2020
Inventories at the end of the year
Traded Goods 6803692 30236962
Finished goods 129744941 124043461
(A) 147075463 161639478
Inventories at the Beginning of the year
Traded Goods 30236962 17952729
Finished goods 124043461 102141014
(B) 161639478 127615992
(Increase) in inventories (B-A) 14564015 -34023486
Details of inventory of traded goods at the year end

March 31, 2021 March 31, 2020
Pasta 1366148 5011639
158
Fruit Slice 1068461 3487419
Others 43908 1288941
Wraps 1560259 5917195
Total 6803692 30236962
Details of inventory of Work-in-progress at the year end

March 31, 2021 March 31, 2020
Sauces 8558845 5633302
Other condiments 1967985 1542400
Syrup 0 183353
Total 10526830 7359055
Details of inventory of finished goods at the year end

March 31, 2021 March 31, 2020
Sauces 106358578 101798980
Snacks 6071466 4126852
Total 129744941 124043461
159
[300100] Notes - Revenue

01/04/2020
to
31/03/2021
Disclosure of revenue explanatory [TextBlock] [See below]
Disclosure of revenue explanatory [Text Block]

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured.
The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods
Revenue from sale of Goods is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer usually on
delivery of Goods to the customer. The Group collects goods and service tax (GST), on behalf of the government and, therefore, these are not
economic benefits flowing to the group. Hence, they are excluded from revenue. Excise duty deducted from revenue (gross) in previous year is
the amount that is included in the revenue (gross) and not the entire amount of liability arising during the year.
Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head “other income” in the statement of profit and loss.
Dividends
Dividend income is recognized when the Group’s right to receive dividend is established by the reporting date.
Lease Rental
leases. Operating lease payments received from lessee are recognized as an income in the statement of profit and loss on a straight-line basis over
the lease term.
Export incentives
Export incentives are recognised in the statement of profit and loss when the right to receive credit as per the terms of the scheme is established in
respect of export made.
160

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CREMICA FOOD INDUSTRIES LIMITED

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

[400100] Disclosure of general information about company

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

To the Members of Cremica Food Industries Limited

Report on the Audit of the ConsolidatedFinancial Statements

Basis for Qualified Opinion

Responsibilityof Management for theFinancial Statements

Auditor’s Responsibilities for the Audit of the ConsolidatedFinancial Statements

Report on Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, we report that:

For S.R. Batliboi&Co. LLP

per Anil Mehta

Management’s Responsibility for Internal Financial Controls

Meaning of Internal Financial Controls With Reference to ConsolidatedFinancial Statements

For S.R. Batliboi & Co. LLP

per Anil Mehta

[100100] Balance sheet

Deferred tax liabilities (net) (A) 2,97,74,327

Other long-term liabilities 11,50,85,410 5,97,11,789

Trade payables (B) 61,27,16,964

Other current liabilities 13,12,96,928 11,01,36,303

Tangible assets capital work-in-progress (C) 4,40,18,180.65

Intangible assets under development or work-in-progress (D) 0 2,12,56,671

12. Deferred tax assets/ liability (net)

Deferred tax liability

Impact of difference between Income Tax depreciation

Gross deferred tax liability -41244353 -33592116

Deferred tax asset

Impact of expenditure charged to the statement of

Provision for obsolesce of inventory 0 5453303

Gross deferred tax asset 11470026 15036576

Net deferred tax (Liability)/Asset -29774327 -18555540

* During the year, the Holding Company has

9. Other Current Liabilities

- Total outstanding dues of micro enterprises and small enterprises

- Total outstanding dues of creditors other than micro enterprises

(A) 612716964 642028552

March 31, 2021 March 31, 2020

Capital work in progress (also refer note 45) 44018182 48900325

(D) Goodwill on consolidation

[100400] Cash flow statement, indirect

Other adjustments for non-cash items (A) 5,29,53,639

Total adjustments to profit (loss) 24,67,93,611 14,67,69,473

Other inflows (outflows) of cash (B) 6,01,26,499

Provision for doubtful debts and advances 28537760

Provision for Contingencies 15000000

Provision for obsolence of inventory created 9746090

Employee Stock Compensation Expense 400499

Provision/ Liability no longer required written back -288722

(Profit)/Loss on sale of property, plant and equipment's 337344

Unrealised exchange (loss)/ gain -41489

Grant received from government 22780000

Investments in bank deposits having maturity more than three months 0

[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Amount of issue under scheme of

Disclosure of classes of share capital [Table] ..(2)

Amount of employee stock option plan