Desai Foods Private Limited 2021-22 Financial Statement - XML

DESAI FOODS PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2021 to 31/03/2022
(generated by PrivateCircle)
[100100] Balance sheet
Unless otherwise specified, all monetary values are in Lakhs of INR

Period FY 2022 FY 2021
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 179.86 556.59
Reserves and surplus -1,400.25 15,273.25
Money received against share warrants 0 0
Total shareholders' funds -1,220.39 15,829.84
Share application money pending allotment 0.01 0
Deferred government grants 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 16,555.2 71.14
Deferred tax liabilities (net) 0 0
Foreign currency monetary item translation difference liability account 0 0
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 16,555.2 71.14
Current liabilities [Abstract]
Short-term borrowings 1,915.5 19.95
Trade payables 2,196.67 1,796.49
Other current liabilities 1,405.98 1,336.49
Short-term provisions 288.2 310.66
Total current liabilities 5,806.35 3,463.59
Total equity and liabilities 21,141.17 19,364.57
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 2,838.21 3,191.37
Intangible assets 302.14 397.22
Tangible assets capital work-in-progress 1.68 0
Intangible assets under development or work-in-progress 0 0
Total fixed assets 3,142.03 3,588.59
Non-current investments 2,778.48 2,600.93
Deferred tax assets (net) 359.56 262.32
Foreign currency monetary item translation difference asset account 0 0
Long-term loans and advances 40.58 55.88
Other non-current assets 89.96 69.49
Total non-current assets 6,410.61 6,577.21
Current assets [Abstract]
Current investments 4,972.45 2,915.37
Inventories 4,535.26 4,270.6
Trade receivables 3,068.38 2,371.9
Cash and bank balances 1,198.55 1,405.19
DESAI FOODS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2021 to 31/03/2022 (generated by PrivateCircle)
Short-term loans and advances 504.32 876.06

Other current assets 451.6 948.24
Total current assets 14,730.56 12,787.36
Total assets 21,141.17 19,364.57
2
[100200] Statement of profit and loss

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 25,487.05 25,395.28
Revenue from sale of services 0 0
Other operating revenues 179.46 411.81
Total revenue from operations other than finance company 25,666.51 25,807.09
Total revenue from operations 25,666.51 25,807.09
Other income 117.75 154.66
Total revenue 25,784.26 25,961.75
Expenses [Abstract]
Cost of materials consumed 8,194.84 8,085.46
Purchases of stock-in-trade 2,981.1 3,430.13
Changes in inventories of finished goods, work-in-progress and stock-in-trade -15.92 0.29
Employee benefit expense 4,244.02 3,982.5
Finance costs 14.17 11.66
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 841.78 918.2
Total depreciation, depletion and amortisation expense 841.78 918.2
CSR expenditure 40.25 17.78
Other expenses 7,108.21 6,067.3
Total expenses 23,408.45 22,513.32
Total profit before prior period items, exceptional items, extraordinary items and tax 2,375.81 3,448.43
Prior period items before tax 0 0
Total profit before extraordinary items and tax 2,375.81 3,448.43
Total profit before tax 2,375.81 3,448.43
Tax expense [Abstract]
Current tax 685 940
Deferred tax -157.36 -60.64
Total tax expense 527.64 879.36
Total profit (loss) for period from continuing operations 1,848.17 2,569.07
Total profit (loss) for period before minority interest 1,848.17 2,569.07
Total profit (loss) for period 1,848.17 2,569.07
Earnings per equity share [Abstract]
[INR/shares] [INR/shares]
Basic earning per equity share 102.76 46.16
Diluted earnings per equity share 102.76 46.16
Nominal value of per equity share 10.00 10.00
3
[100300] Cash flow statement, direct

Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Net cash flows from (used in) operations 3,296.27 4,551.57
Interest received -77.24 -69.59
Income taxes paid (refund) 691.85 829.64
Net cash flows from (used in) operating activities before extraordinary items 2,527.18 3,652.34
Net cash flows from (used in) operating activities 2,527.18 3,652.34
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 2.2 4.12
Purchase of tangible assets 295.79 388.78
Interest received 77.24 69.59
Other inflows (outflows) of cash (A) -2,499.77 (B) -3,155.96
Net cash flows from (used in) investing activities before extraordinary items -2,716.12 -3,471.03
Net cash flows from (used in) investing activities -2,716.12 -3,471.03
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings -10.4 82.27
Other inflows (outflows) of cash (C) -14.17 (D) -12
Net cash flows from (used in) financing activities before extraordinary items -24.57 70.27
Net cash flows from (used in) financing activities -24.57 70.27
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -213.51 251.58
Net increase (decrease) in cash and cash equivalents -213.51 251.58
Cash and cash equivalents cash flow statement at end of period 1,198.55 1,405.19
Footnotes
(A) Purchase of Investments+Sale/Redemption of Investments
(B) Purchase of Investments+Sale/Redemption of Investments
(C) Finance Costs
(D) Finance Costs
4
[100400] Cash flow statement, indirect

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 2,375.81 3,448.43
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 14.17 12
Adjustments for depreciation and amortisation expense 841.78 918.2
Other adjustments to reconcile profit (loss) (A) -27.72 (B) -35.24
Total adjustments to profit (loss) 828.23 894.96
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in other current assets (C) 92.23 (D) 208.18
Total adjustments for working capital 92.23 208.18
Total adjustments for reconcile profit (loss) 920.46 1,103.14
Net cash flows from (used in) operations 3,296.27 4,551.57
Interest received -77.24 -69.59
Income taxes paid (refund) 691.85 829.64
Net cash flows from (used in) operating activities before extraordinary items 2,527.18 3,652.34
Net cash flows from (used in) operating activities 2,527.18 3,652.34
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 2.2 4.12
Purchase of tangible assets 295.79 388.78
Interest received 77.24 69.59
Other inflows (outflows) of cash (E) -2,499.77 (F) -3,155.96
Net cash flows from (used in) investing activities before extraordinary items -2,716.12 -3,471.03
Net cash flows from (used in) investing activities -2,716.12 -3,471.03
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings -10.4 82.27
Other inflows (outflows) of cash (G) -14.17 (H) -12
Net cash flows from (used in) financing activities before extraordinary items -24.57 70.27
Net cash flows from (used in) financing activities -24.57 70.27
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -213.51 251.58
Net increase (decrease) in cash and cash equivalents -213.51 251.58
Cash and cash equivalents cash flow statement at end of period 1,198.55 1,405.19
Footnotes
(A) Profit on sale of invesments+(Profit)/Loss on Sale of Fixed Asset
(B) Profit on sale of invesments+(Profit)/Loss on Sale of Fixed Asset
(C) Changes in working capital and other assets & liabilities
(D) Changes in working capital and other assets & liabilities
(E) Purchase of Investments+Sale/Redemption of Investments
(F) Purchase of Investments+Sale/Redemption of Investments
(G) Finance Costs
(H) Finance Costs
5
[200100] Notes - Share capital

Disclosure of details on private placement of share [Abstract]
Disclosure of details on private placement of preference share [Abstract]
Number of persons on private placement of preference share [INR] 0.00 [INR] 0
Disclosure of number of shareholders allottees [Abstract]
Number of shareholders of company [INR] 13.00 [INR] 14
Number of allottees in case of preferential allotment [INR] 0.00 [INR] 0
Disclosure of public offering [Abstract]
Whether money raised from public offering during year No No
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [Line Items]
[shares] [shares]
Number of shares authorised 12,550,000 [shares] 7,500,000 11,650,000 [shares] 6,600,000
Value of shares authorised 1,255 750 1,165 660
Number of shares issued [shares] 1,798,620 [shares] 5,565,946 [shares] 1,798,620 [shares] 5,565,946
Value of shares issued 179.86 556.59 179.86 556.59
Number of shares subscribed and fully paid [shares] 1,798,620 [shares] 5,565,946 [shares] 1,798,620 [shares] 5,565,946
Value of shares subscribed and fully paid 179.86 556.59 179.86 556.59
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0.00 0.00 0.00 0.00
[shares] [shares] [shares] [shares]
Total number of shares subscribed 1,798,620.00 5,565,946.00 1,798,620.00 5,565,946.00
Total value of shares subscribed 179.86 556.59 179.86 556.59
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,798,620 [shares] 5,565,946 [shares] 1,798,620 [shares] 5,565,946
Value of shares called 179.86 556.59 179.86 556.59
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0.00 0.00 0.00 0.00
Calls unpaid by officers 0.00 0.00 0.00 0.00
Total calls unpaid by directors and officers 0.00 0.00 0.00 0.00
Calls unpaid by others 0.00 0.00 0.00 0.00
Total calls unpaid 0.00 0.00 0.00 0.00
Forfeited shares 0.00 0.00 0.00 0.00
Forfeited shares reissued 0.00 0.00 0.00 0.00
Value of shares paid-up 179.86 556.59 179.86 556.59
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 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private placement arising
out of conversion of debentures preference shares
during period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as preferential allotment
arising out of conversion of debentures preference
shares during period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as other preferential allotment [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for contracts without payment
received in cash [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option
plan [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of other issue of shares arising out of
conversion of securities [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
Decrease in number of shares during period [Abstract]
6
Number of shares redeemed [shares] 0 [shares] 0

Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 3,767,326 [shares] 0 [shares] 3,767,326 [shares] 0
[shares] [shares]
Total decrease in number of shares during period 3,767,326.00 [shares] 0.00 3,767,326.00 [shares] 0.00
[shares] [shares]
Total increase (decrease) in number of shares outstanding -3,767,326.00 [shares] 0.00 -3,767,326.00 [shares] 0.00
[shares] [shares] [shares] [shares]
Number of shares outstanding at end of period 1,798,620.00 5,565,946.00 1,798,620.00 5,565,946.00
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 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue arising out of
conversion of debentures preference shares during
period 0 0 0 0
Amount of other private placement issue during period 0 0 0 0
Amount of preferential allotment issue arising out of
period 0 0 0 0
Amount of other preferential allotment issue during
period 0 0 0 0
Amount of issue allotted for contracts without payment
received in cash during period 0 0 0 0
Amount of issue under scheme of amalgamation during
period 0 0 0 0
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan issued during
period 0 0 0 0
Amount of other issue arising out of conversion of
securities during period 0 0 0 0
Total aggregate amount of increase in share capital
during period 0 0 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares redeemed 0 0
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 376.73 0 376.73 0
Total decrease in share capital during period 376.73 0 376.73 0
Total increase (decrease) in share capital -376.73 0 -376.73 0
Share capital at end of period 179.86 556.59 179.86 556.59
Shares in company held by holding company or ultimate
holding company or by its subsidiaries or associates
[Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding
company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate
holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by associates of its holding
Shares in company held by associates of its ultimate holding
Total shares in company held by holding company or
ultimate holding company or by its subsidiaries or
associates [shares] 0.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
Shares reserved for issue under options and contracts or
commitments for sale of shares or disinvestment [shares] 0 [shares] 0 [shares] 0 [shares] 0
Amount of shares reserved for issue under options and
contracts or commitments for sale of shares or disinvestment 0 0 0 0
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for allotment of
securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities and
due for refund and interest accrued thereon [Abstract]
Application money received for allotment of securities
and due for refund, principal 0 0 0 0
7

and due for refund, interest accrued 0 0 0 0
Total application money received for allotment of
securities and due for refund and interest accrued thereon 0 0 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 135 [shares] 0
Share premium for shares to be allotted 0 0 0 0

Classes of share capital [Axis] Equity shares 1 [Member] Preference shares [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Type of share Equity Equity
[shares]
Number of shares authorised 11,650,000 [shares] 6,600,000 [shares] 900,000 [shares] 900,000
Value of shares authorised 1,165 660 90 90
Number of shares issued [shares] 1,798,620 [shares] 5,565,946 [shares] 0 [shares] 0
Value of shares issued 179.86 556.59 0.00 0.00
Number of shares subscribed and fully paid [shares] 1,798,620 [shares] 5,565,946 [shares] 0 [shares] 0
Value of shares subscribed and fully paid 179.86 556.59 0.00 0.00
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0.00 0.00 0.00 0.00
[shares] [shares]
Total number of shares subscribed 1,798,620.00 5,565,946.00 [shares] 0.00 [shares] 0.00
Total value of shares subscribed 179.86 556.59 0.00 0.00
Number of shares paid-up [shares] 1,798,620 [shares] 5,565,946 [shares] 0 [shares] 0
Value of shares called 179.86 556.59 0.00 0.00
Calls unpaid by directors 0.00 0.00 0.00 0.00
Calls unpaid by officers 0.00 0.00 0.00 0.00
Total calls unpaid by directors and officers 0.00 0.00 0.00 0.00
Calls unpaid by others 0.00 0.00 0.00 0.00
Total calls unpaid 0.00 0.00 0.00 0.00
Forfeited shares 0.00 0.00 0.00 0.00
Forfeited shares reissued 0.00 0.00 0.00 0.00
Value of shares paid-up 179.86 556.59 0.00 0.00
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0.00 [INR/shares] 0.00
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement arising
out of conversion of debentures preference shares
during period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as preferential allotment
arising out of conversion of debentures preference
shares during period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as other preferential allotment [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for contracts without payment
received in cash [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option
plan [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of other issue of shares arising out of
conversion of securities [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
8
(A) [shares]
Other decrease in number of shares 3,767,326 [shares] 0 [shares] 0 [shares] 0
[shares]
Total decrease in number of shares during period 3,767,326.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
[shares]
Total increase (decrease) in number of shares outstanding -3,767,326.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
[shares] [shares]
Number of shares outstanding at end of period 1,798,620.00 5,565,946.00 [shares] 0.00 [shares] 0.00
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0
Amount of private placement issue arising out of
period 0 0 0 0
Amount of other private placement issue during period 0 0 0 0
Amount of preferential allotment issue arising out of
period 0 0 0 0
Amount of other preferential allotment issue during
period 0 0 0 0
Amount of issue allotted for contracts without payment
received in cash during period 0 0 0 0
Amount of issue under scheme of amalgamation during
period 0 0 0 0
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan issued during
period 0 0 0 0
Amount of other issue arising out of conversion of
securities during period 0 0 0 0
Total aggregate amount of increase in share capital
during period 0 0 0 0
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares (B) 376.73 0 0 0
Total decrease in share capital during period 376.73 0 0 0
Total increase (decrease) in share capital -376.73 0 0 0
Share capital at end of period 179.86 556.59 0 0
Shares in company held by holding company or ultimate
holding company or by its subsidiaries or associates
[Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding
Shares in company held by subsidiaries of its ultimate
holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by associates of its holding
Shares in company held by associates of its ultimate holding
Total shares in company held by holding company or
ultimate holding company or by its subsidiaries or
associates [shares] 0.00 [shares] 0.00 [shares] 0.00 [shares] 0.00
Shares reserved for issue under options and contracts or
commitments for sale of shares or disinvestment [shares] 0 [shares] 0 [shares] 0 [shares] 0
Amount of shares reserved for issue under options and
contracts or commitments for sale of shares or disinvestment 0 0 0 0
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for allotment of
securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities and
due for refund and interest accrued thereon [Abstract]
and due for refund, principal 0 0 0 0
and due for refund, interest accrued 0 0 0 0
9
Total application money received for allotment of

securities and due for refund and interest accrued thereon 0 0 0 0
Number of shares proposed to be issued (C) [shares] 135 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
Footnotes
(A) 37,67,326 Shares Cancelled during the year in accordance with the Scheme of Amalgamation.
(B) 37,67,326 Shares Cancelled during the year in accordance with the Scheme of Amalgamation.
(C) Due to Scheme of Amalgamation

Classes of share capital [Axis] Preference shares 1 [Member]
Type of share Preference Preference
Number of shares authorised [shares] 900,000 [shares] 900,000
Value of shares authorised 90 90
Number of shares issued [shares] 0 [shares] 0
Value of shares issued 0.00 0.00
Number of shares subscribed and fully paid [shares] 0 [shares] 0
Value of shares subscribed and fully paid 0.00 0.00
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0.00 0.00
Total number of shares subscribed [shares] 0.00 [shares] 0.00
Total value of shares subscribed 0.00 0.00
Number of shares paid-up [shares] 0 [shares] 0
Value of shares called 0.00 0.00
Calls unpaid by directors 0.00 0.00
Calls unpaid by officers 0.00 0.00
Total calls unpaid by directors and officers 0.00 0.00
Calls unpaid by others 0.00 0.00
Total calls unpaid 0.00 0.00
Forfeited shares 0.00 0.00
Forfeited shares reissued 0.00 0.00
Value of shares paid-up 0.00 0.00
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0.00 [INR/shares] 0.00
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 issued in private placement arising out of conversion of debentures preference
shares during period [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of conversion of debentures preference
shares during period [shares] 0 [shares] 0
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0.00 [shares] 0.00
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0.00 [shares] 0.00
10
Total increase (decrease) in number of shares outstanding [shares] 0.00 [shares] 0.00
Number of shares outstanding at end of period [shares] 0.00 [shares] 0.00
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of private placement issue arising out of conversion of debentures preference shares during
period 0 0
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of debentures preference shares
during period 0 0
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash during period 0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 0 0
Shares in company held by holding company or ultimate holding company or by its subsidiaries or
associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company or by its subsidiaries or
associates [shares] 0.00 [shares] 0.00
Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment [shares] 0 [shares] 0
Amount of shares reserved for issue under options and contracts or commitments for sale of shares or
disinvestment 0 0
Original paid-up value of forfeited shares 0 0
Details of application money received for allotment of securities and due for refund and interest accrued
thereon [Abstract]
Application money received for allotment of securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities and due for refund, principal 0 0
Application money received for allotment of securities and due for refund, interest accrued 0 0
Total application money received for allotment of securities and due for refund and interest accrued
thereon 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)

Classes of share capital [Axis] Share capital [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Disclosure of shareholding more than five per cent in company [Abstract]
Whether there are any shareholders holding more than five per cent shares in company Yes Yes
11
Classes of share capital [Axis] Equity shares 1 [Member]

Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of shareholding more than five per cent in company
[Abstract]
[Line Items]
Type of share Equity Equity Equity Equity
SANSPRI
FOODS &
INVESTMENTS
Kinna Yogesh PRIVATE
Name of shareholder Patel LIMITED
U15549PN2019P
CIN of shareholder TC184941
PAN of shareholder AAXPP9195N ABCCS2440J
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 385,051 [shares] 3,767,326
Percentage of shareholding in company (A) 21.41% 67.69%
Footnotes
(A) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Nirupamaben Nirupamaben
Desai Will Desai Will
Sanjana Prisha Kinna Yogesh Desai Sanjaybhai Sanjana Prisha
Name of shareholder Trust Patel Jasubhai (Huf) Trust
PAN of shareholder AABTN7658L AAXPP9195N AAAHD7772C AABTN7658L
Country of incorporation or residence of shareholder INDIA INDIA INDIA INDIA
Number of shares held in company [shares] 326,025 [shares] 385,051 [shares] 300,000 [shares] 326,025
Percentage of shareholding in company (A) 18.13% 6.92% (B) 16.68% 5.86%
Footnotes
(B) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

Shareholder 5 Shareholder 6
Name of shareholder [Axis] Shareholder 4 [Member] [Member] [Member]
Period FY 2022 FY 2021 FY 2022
[Abstract]
[Line Items]
Hariom Family Desai Sanjaybhai Ranna Sanjay JHD Will Sanjana
Name of shareholder Trust Jasubhai (Huf) Desai Prisha Trust
PAN of shareholder AAATH0758A AAAHD7772C ABWPD8153G AAATJ6524A
Country of incorporation or residence of shareholder INDIA INDIA INDIA INDIA
Number of shares held in company [shares] 252,242 [shares] 300,000 [shares] 97,862 [shares] 93,704
Percentage of shareholding in company (A) 14.02% 5.39% (B) 5.44% (C) 5.17%
12
Footnotes
(B) Change in % of Shareholding in accordance with the Scheme of Amalgamation.
(C) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

Classes of share capital [Axis] Preference shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Type of share Preference Preference
13
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Capital redemption reserves [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Statement of changes in reserves [Abstract]
Statement of changes in reserves [Line Items]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,848.17 2,569.07 0 0
Other additions to reserves 0 0
Total additions to reserves 1,848.17 2,569.07 0 0
Deductions to reserves [Abstract]
Other deductions to reserves 18,521.67 0
Total deductions to reserves 18,521.67 0
Total changes in reserves -16,673.5 2,569.07 0 0
Reserves at end of period -1,400.25 15,273.25 61.16 61.16
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
Statement of changes in reserves [Abstract]
Statement of changes in reserves [Line Items]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,848.17 2,569.07
Other additions to reserves 0 0
Total additions to reserves 1,848.17 2,569.07
Deductions to reserves [Abstract]
Other deductions to reserves (A) 18,521.67 0
Total deductions to reserves 18,521.67 0
Total changes in reserves -16,673.5 2,569.07
Reserves at end of period -1,461.41 15,212.09
Footnotes
(A)
Add: Net effect of adjustment to Investments, Share Capital and Carrying Amounts of Net Assets incorporated on implementation of Scheme of
Amalgamation adjusted in Retained earnings as per the Scheme.
14
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Loans and
advances from Loans and Loans and
related parties advances from advances from
Classification of borrowings [Axis] [Member] directors [Member] others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2022
Details of borrowings [Abstract]
Details of borrowings [Line Items]
Borrowings 16,500 (A) 7,270 (B) 9,230
Footnotes
(A) Unsecured- From Directors
(B) Unsecured- From Relatives of Directors/ Shareholders

Classification of borrowings [Axis] Other loans and advances [Member] Other loans and advances, others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Borrowings 55.2 71.14 (A) 55.2 (B) 71.14
Footnotes
(A) HDFC car loan Account (Hypothecation of Motor vehicle , Interest rate- varies from 7.30% to 8.50% pa, payable through EMI)
(B) HDFC car loan Account (Hypothecation of Motor vehicle , Interest rate- varies from 7.30% to 8.50% pa, payable through EMI)

Classification based on time period [Axis] Short-term [Member]
Loans and
advances from Loans and
Deposits from related parties advances from
Classification of borrowings [Axis] Deposits [Member] directors [Member] [Member] directors [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Borrowings 0 0 1,890 (A) 790
Footnotes
(A) Unsecured- From Directors
15

Loans and
advances from
Classification of borrowings [Axis] others [Member] Other loans and advances [Member]
Unsecured
borrowings
Subclassification of borrowings [Axis] [Member] Secured borrowings [Member]
Borrowings (A) 1,100 25.5 19.95
Footnotes
(A) Unsecured- From Relatives of Directors/ Shareholders

Classification of borrowings [Axis] Other loans and advances, others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
Borrowings (A) 25.5 (B) 19.95
Footnotes
(A) HDFC car loan Account (Hypothecation of Motor vehicle , Interest rate- varies from 7.30% to 8.50% pa, payable through EMI)
(B) HDFC car loan Account (Hypothecation of Motor vehicle , Interest rate- varies from 7.30% to 8.50% pa, payable through EMI)
16
[200400] Notes - Non-current investments

Non-current investments [Abstract]
Aggregate amount of quoted non-current investments 1,218.65 750.02
Market value of quoted non-current investments 1,206.37 745.85
Aggregate amount of unquoted non-current investments 1,559.83 1,850.91
Aggregate provision for diminution in value of non-current investments 0 0
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] A B
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line Items]
Investment in Investment in
other Indian other Indian Investments in Investments in
companies equity companies equity debentures or debentures or
Type of non-current investments instruments instruments bonds bonds
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted Quoted Quoted
Non-current investments 1,559.83 1,850.91 1,109.91 710.16
In Equity Shares
of Subsidiaries-2.
50,000 Shares of
In Equity Shares Elmac Agro Mfg
of Subsidiaries Pvt Ltd and
2,50,000 Shares of 3,35,000 Shares of
Elmac Agro 'Mfg' Amarkantak Textual Textual
Name of body corporate in whom investment has been made Pvt. Ltd. Foods Pvt Ltd. Information (1) Information (2)
Details of non-current investments [Table] ..(2)

Classification of non-current investments [Axis] C
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line Items]
Investment in Investment in
other Indian other Indian
companies equity companies equity
Type of non-current investments instruments instruments
Class of non-current investments Other investments Other investments
Nature of non-current investments Quoted Quoted
Non-current investments 108.74 39.86
Textual Textual
Name of body corporate in whom investment has been made Information (3) Information (4)
Textual information (1): Name of body corporate in whom investment has been made
10 SBI PERPETUAL BONDS OF FV 10 LACS EACH (2024)-8.50%, 20 SBI PERPETUAL BONDS OF FV 10 LACS EACH (2025)-7.74%, 10 SBI
PERPETUAL BONDS OF FV 10 LACS EACH (2025)-7.73%, 1 UNION BANK OF INDIA PERPETUAL BOND OF FV 100 LACS EACH (2026)
-8.64% and 20 BANK OF BARODA PERPETUAL BONDS OF FV 10 LACS EACH (2026)-8.15%
10 SBI PERPETUAL BONDS OF FV 10 LACS EACH (2024)-8.50%, 20 SBI PERPETUAL BONDS OF FV 10 LACS EACH (2025)-7.74%, 10 SBI
PERPETUAL BONDS OF FV 10 LACS EACH (2025)-7.73%, 1 UNION BANK OF INDIA PERPETUAL BOND OF FV 100 LACS EACH (2026)
-8.64% and 20 BANK OF BARODA PERPETUAL BONDS OF FV 10 LACS EACH (2026)-8.15%
200 Shares of Balaji Amines Ltd. of FV of INR 2 each 500 Shares of GNFC Ltd of FV of INR 10 each 28,600 Shares of Kirloskar Oil Engines Ltd.
of FV of INR 2 each (Previous year 13,000 Shares) Nil Shares of Edelweiss Finance Ltd. of FV of INR 1 each (Previous year 18,000 Shares) 800
Shares of Sun TV Network Ltd. of FV of INR 5 each 1,200 Shares of Kirloskar Industries Ltd. of FV of INR 10/- each 8,000 shares of ITC Ltd. of
17
FV of INR 1/- each 2,500 units of Powergrid InvIT of FV of INR 100/- each 75 shares of Maharashtra Scooters Ltd. of FV of INR 10/- each
200 Shares of Balaji Amines Ltd of FV of Rs.2 each,500 Shares of GNFC Ltd of FV of Rs.10 each, 13000 Shares of Kirloskar Oil Engines Ltd of
FV of Rs. 2 each and 18000 Shares of Edelweiss Finance Ltd of FV of Rs. 1 each
18
[200500] Notes - Current investments

Current investments [Abstract]
Aggregate amount of quoted current investments 4,972.45 2,915.37
Market value of quoted current investments 5,127.92 2,955.63
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
Details of current investments [Table] ..(1)

Classification of current investments [Axis] A B
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of details of current investments [Abstract]
Details of current investments [Line Items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Current Current Current Current
Class of current investments investments investments investments investments
Current investments 0 40.25 0 12.98
Basis of valuation of current investments NAV NAV NAV NAV
997.900 units Nil units of HDFC 424.519 units of
Nil units of HDFC HDFC Liquid Overnight Fund HDFC Overnight
Liquid Fund (P.Y. Fund (P.Y. (P.Y. 424.519 Fund (P.Y.
Name of body corporate in whom investment has been made 997.90 units) 6572.90 units) units) 5056.69 units)

Classification of current investments [Axis] C D E
Period FY 2022 FY 2021 FY 2022
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Current Current Current Current
Class of current investments investments investments investments investments
Current investments 2,546.81 2,862.14 1,800.64 125
Basis of valuation of current investments NAV NAV NAV NAV
57,022.35 units of 64870.999 units
HDFC Money of HDFC Money 1,14,00,905 units 6,08,962 units of
Market Fund Market Fund of HDFC HDFC Credit Risk
(P.Y. 64,870.99 (P.Y. 1684.36 Arbitrage Fund Debt Fund (P.Y.
Name of body corporate in whom investment has been made units) units) (P.Y. Nil) Nil)

Classification of current investments [Axis] F G
Period FY 2022
Investments in Investments in
Type of current investments mutual funds mutual funds
Current Current
Class of current investments investments investments
Current investments 400 100
Basis of valuation of current investments NAV NAV
1,87,527.60 units 1,78,633 units SBI
of SBI Equity Conservative
Hybrid Fund (P.Y. Hybrid Fund (P.Y.
Name of body corporate in whom investment has been made Nil) Nil)
19
[200600] Notes - Subclassification and notes on liabilities and assets

Subclassification and notes on liabilities and assets [Abstract]
Other long-term liabilities notes [Abstract]
Other long-term liabilities [Abstract]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities and due for refund, principal 0 0
Application money received for allotment of securities and due for refund, interest accrued 0 0
Total application money received for allotment of securities and due for refund and interest accrued
thereon 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Other payables, current [Abstract]
Accrued expenses payable 41.42 41.97
Public deposit payable, current 0 0
Total other payables, current 41.42 41.97
Other advance received 241.35 193.95
Current liabilities portion of share application money pending allotment 0 0
Other current liabilities, others (A) 1,123.21 (B) 1,100.57
Total other current liabilities 1,405.98 1,336.49
Details of application money received for allotment of securities and due for refund and interest accrued
thereon [Abstract]
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 89.96 69.49
Total other non-current assets 89.96 69.49
Security Deposits Security Deposits
Nature of other non-current assets, others given given
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Aggregate amount of trade receivables outstanding for period exceeding six months (C) 3,068.38 (D) 2,371.9
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Classification of cash and bank balances [Abstract]
Cash and cash equivalents [Abstract]
Balance with banks [Abstract]
Fixed deposits with banks 72.9 38
Other balances with banks 1,113.65 1,359.69
Total balance with banks 1,186.55 1,397.69
Cheques, drafts on hand 2.11 0
Cash on hand 9.89 7.5
Others 0 0
Total cash and cash equivalents 1,198.55 1,405.19
Total cash and bank balances 1,198.55 1,405.19
Details of balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments [Abstract]
Balances held with banks to extent held against other commitments 0 0
Total balances held with banks to extent held as margin money or security against borrowings,
guarantees or other commitments 0 0
Bank deposits with more than twelve months maturity 0 0
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others (E) 451.6 (F) 948.24
20
Total other current assets 451.6 948.24
Footnotes
(A) Statutory dues payable,Trade Deposits,Due to/(from) M/s Desai Brothers Limited, Staff Payable and Provision for Expenses
(B) Statutory dues payable,Trade Deposits,Due to/(from) M/s Desai Brothers Limited, Staff Payable and Provision for Expenses
(C) Sundry Debtors - Considered Good= 3068.38 Sundry Debtors - Considered Doubtful= 17.71 Less: Provision for Doubtful Debts=-17.71 Total= 3068.38
(D) Sundry Debtors - Considered Good= 2371.90
(E) Short Term Deposit+Accrued Interest+Prepaid Expenses+Balance With Govt. Authorities+Income Tax Receivable net of Provision+Miscellaneous Receivables
(F) Short Term Deposit+Accrued Interest+Prepaid Expenses+Balance With Govt. Authorities+Income Tax Receivable net of Provision+Miscellaneous Receivables
Disclosure of breakup of provisions [Table]

Classification based on time period
Classification based on time period [Axis] [Member] Short-term [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line Items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 0 0
Provision leave encashment 0 0
Provision pension 0 0
Provision employee insurance scheme 0 0
Provision other employee related liabilities 141.05 125.54
Total provisions for employee benefits 141.05 125.54
Provision for corporate tax [Abstract]
Provision for current tax 13.15 85.12
Provision for wealth tax 0 0
Provision for fringe benefit tax 0 0
Provision for other tax 0 0
Provision for corporate dividend tax 0 0
Total provision for corporate tax 13.15 85.12
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend [Abstract]
Provision for proposed equity interim dividend 0 0
Provision for proposed equity final dividend 0 0
Provision for proposed equity special dividend 0 0
Total provision for proposed equity dividend 0 0
Provision for proposed preference dividend [Abstract]
Provision for proposed preference interim dividend 0 0
Provision for proposed preference final dividend 0 0
Provision for proposed preference special dividend 0 0
Total provision for proposed preference dividend 0 0
Total provision for proposed dividend 0 0
Provision for statutory liabilities 0 0
CSR expenditure provision 0 0
Provision for abandonment cost 0 0
Other provisions (A) 134 (B) 100
Total provisions 288.2 310.66
Nature of other provisions Short Term Short Term
Footnotes
(A) Provision for Expiry goods, Breakages & Damages
(B) Provision for Expiry goods, Breakages & Damages
Loans and advances [Table] ..(1)
21

Classification of loans and advances [Axis] Capital advances [Member] Other loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Loans and advances [Abstract]
Disclosure of loans and advances [Line Items]
Loans and advances, gross 0 0 40.58 55.88
Allowance for bad and doubtful loans and advances 0 0 0 0
Loans and advances 0 0 40.58 55.88
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 directors, other officers or
others 0 0 0 0
Details of loans and advances due by firms or companies in
which any director is partner or director [Abstract]
Loans and advances due by firms in which any director is
partner 0 0 0 0
Total loans and advances due by firms or companies in
which any director is partner or director 0 0 0 0

Classification of loans and advances [Axis] Other loans and advances, others [Member]
Loans and advances, gross (A) 40.58 55.88
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 40.58 55.88
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]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director is partner or director 0 0
Footnotes
(A) Advance for Expenses-Considered Good+Advance for Expenses-Considered Doubtful-Provision for Doubtful Advances=482.87+55.23-55.23=40.58

Classification of loans and advances [Axis] Other loans and advances [Member] Other loans and advances, others [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Loans and advances, gross 504.32 876.06 (A) 504.32 (B) 876.06
Allowance for bad and doubtful loans and advances 0 0 0 0
Loans and advances 504.32 876.06 504.32 876.06
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 directors, other officers or
others 0 0 0 0
Details of loans and advances due by firms or companies in
Loans and advances due by firms in which any director is
partner 0 0 0 0
22
Total loans and advances due by firms or companies in

which any director is partner or director 0 0 0 0
Footnotes
(A)
Loan to Employees+Advance for Expenses-Considered Good+Advance for Expenses-Considered Doubtful-Provision for Doubtful
Advances=21.45+482.87+55.23-55.23=504.32
(B)
Loan to Subsidiary Company- Amarkantak Foods Pvt. Ltd. - Considered Good+Loan to Employees+Advance for Expenses-Considered
Good+Advance for Expenses-Considered Doubtful-Provision for Doubtful Advances=364.88+19.50+491.67+55.23-55.23=876.06
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Classification of inventories [Abstract]
Details of inventories [Line Items]
Inventories 4,535.26 4,270.6 1,432.58 1,185.8
Raw & Packing Raw & Packing
Mode of valuation Total Total Materials Materials

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Inventories 1,795.04 1,784.72 1,305.65 1,298.1
Finished Goods Finished Goods
and Traded and Traded
Mode of valuation Work-in-progress Work-in-progress Finished Goods Finished Goods

Classification of inventories [Axis] Stock-in-trade [Member]
Inventories 1.99 1.98
Bagasse Stock and Bagasse Stock and
Mode of valuation Diesel Stock Diesel Stock
Subclassification of trade receivables [Table]

Classification of assets based on security
Classification of assets based on security [Axis] [Member] Unsecured considered good [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line Items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 3,085.55 2,371.9 3,085.55 2,371.9
Allowance for bad and doubtful debts 17.17 0 17.17 0
Total trade receivables 3,068.38 2,371.9 3,068.38 2,371.9
Details of trade receivables due by directors, other officers or
others [Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or
others 0 0
Details of trade receivables due by firms or companies in
23
Trade receivables due by firms in which any director is

partner 0 0
Trade receivables due by private companies in which any
director is director 0 0
Trade receivables due by private companies in which any
director is member 0 0
Total trade receivables due by firms or companies in which
any director is partner or director 0 0
24
[200700] Notes - Additional disclosures on balance sheet

Textual
Disclosure of additional balance sheet notes explanatory [Text Block] Information (5)
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of commitments [Abstract]
Other commitments (A) 49.72 (B) 2.74
Total commitments 49.72 2.74
Total contingent liabilities and commitments 49.72 2.74
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity shareholders [INR/shares] 0.00 [INR/shares] 0.00
Amount of per share dividend proposed to be distributed to preference shareholders [INR/shares] 0.00 [INR/shares] 0.00
Percentage of proposed dividend 0.00% 0.00%
Details of deposits [Abstract]
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
Disclosure of equity share warrants [Abstract]
Changes in equity share warrants during period [Abstract]
Additions to equity share warrants during period [INR] 0.00 [INR] 0
Deductions in equity share warrants during period [INR] 0.00 [INR] 0
Total changes in equity share warrants during period [INR] 0.00 [INR] 0.00
Equity share warrants at end of period [INR] 0.00 [INR] 0.00
Breakup of equity share warrants [Abstract]
Equity share warrants for existing members [INR] 0.00 [INR] 0
Equity share warrants for others [INR] 0.00 [INR] 0
Total equity share warrants [INR] 0.00 [INR] 0.00
Details of share application money received and paid [Abstract]
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 [INR] 0.00 [INR] 0
Number of person share application money received during year [INR] 0.00 [INR] 0
Number of person share application money paid as at end of year [INR] 0.00 [INR] 0
Number of person share application money received as at end of year [INR] 0.00 [INR] 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been mandated under Companies (Cost Records
and Audit) Rules, 2014 No No
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Number of warrants converted into equity shares during period [INR] 0.00 [INR] 0
Number of warrants converted into preference shares during period [INR] 0.00 [INR] 0
Number of warrants converted into debentures during period [INR] 0.00 [INR] 0
Number of warrants issued during period (in foreign currency) [INR] 0.00 [INR] 0
Number of warrants issued during period (INR) [INR] 0.00 [INR] 0
Footnotes
(A)
Claims against the Company not Acknowledged as Debts+Guarantees given by Bankers on behalf of the Company and its suppliers to third
parties.+Taxes in Appeal with relevant authorities
(B)
Claims against the Company not Acknowledged as Debts+Guarantees given by Bankers on behalf of the Company and its suppliers to third
parties.+Taxes in Appeal with relevant authorities
25
Details of shareholding pattern of promoters and public [Table]

Shareholding pattern of promoters and public [Axis] Promoters [Member]
Classification based on nationality or origin [Axis] Indian [Member]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [Line Items]
Number of shares held by Indian [shares] 1,013,166 [shares] 1,013,166
Percentage of shares held by Indian (A) 56.33% 18.20%
Number of shares held by body corporate [shares] 3,767,326
Percentage of shares held by body corporate 67.69%
Number of shares held by others [shares] 785,454 [shares] 785,454
Percentage of shares held by others (B) 43.67% 14.11%
[shares] [shares]
Total number of shares 1,798,620.00 5,565,946.00
Total of percentage shares 100.00% 100.00%
Footnotes
(A) Due to cancellation of 37,67,326 shares, there has been change in the % of Equity Share holding.
(B) Due to cancellation of 37,67,326 shares, there has been change in the % of Equity Share holding.
Textual information (5): Disclosure of additional balance sheet notes explanatory [Text Block]
26
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Textual Textual
Block] Information (6) Information (7)
Textual
Disclosure of accounting policies explanatory [Text Block] Information (8)
Textual information (6): Disclosure of accounting policies, change in accounting policies and changes in estimates
explanatory [Text Block]
27. Significant Accounting Policies:

a. Accounting concept : The financial statements are prepared on historical cost basis, as a going concern, and are consistent with accounting
principles generally accepted in India and comply with the Accounting Standards prescribed under the Companies Act, 2013, to the extent
applicable. The company follows the mercantile system of accounting and recognizes income and expenditure on accrual basis except in case of
uncertainty of realization.
b. Valuation of Inventories:
i. Raw materials & finished goods purchased are valued at the lower of cost computed on weighted average basis and estimated net realizable
value.
ii. Finished Goods and Semi finished goods are valued at the lower of cost computed on a weighted average basis and estimated net realizable
value. The cost includes cost of conversion and other costs in bringing the inventories to the present location and condition.
c. Depreciation: Depreciation on fixed assets including leased assets has been provided on written down value at the rates and in the manner
provided in the Schedule II to the Companies Act, 2013 except in respect of:
i. F.S.I. & leasehold rights for which amortization is carried out over the period of lease.
ii. Goodwill, Licenses & Trademarks which are amortized over a period of 10 years from the year of acquisition.
iii. Computer software, which is amortized over a period of 3 years from year of acquisition.
iv. Non- compete fees which are amortized over agreement period.
d. Research & Development Costs: Research & Development Costs of a capital nature are added to cost of fixed assets. All other research &
development expenditure is written off in the year of incurrence
e. Revenue recognition:
i. Sales: Domestic sales are recognized when goods are supplied in accordance with the terms of sales & export sales are recognized on the
basis of shipping bills. Sales are recorded net of trade discounts & Goods & Service Tax.
ii. Interest: Interest on loans including inter-corporate deposits is accounted for on accrual basis
f. Fixed Assets: Fixed Assets are capitalized at cost inclusive of inward freight, duties, taxes wherever credit is not available/availed, and
installation expenses.
g. Foreign Currency Transactions:
i. Foreign currency transactions are recorded using the exchange rates prevailing on the dates of respective transactions. Exchange differences
arising on foreign exchange transactions settled during the year are recognized in the Profit & Loss Account.
ii. Monetary assets and liabilities related to foreign currency transactions remaining unsettled at the end of the year are translated at the year-end
rate and the differences on account of such translations are recognized in the Profit & Loss Account.
h. Investment: Investments are accounted for at actual cost of acquisition including stamp fees, transfer charges, etc. Provision for diminution in
value of investments, if any, is made at the end of the year where such diminution is considered as of permanent nature.
i. Employee Benefits:
i. Short Term Employee Benefits: All employee benefits payable wholly within 12 months of rendering the service are classified as Short-Term
Employee Benefits and are recognized the Profit & Loss Account as an expense on an accrual basis.
ii. Post-Employment Employee Benefits: The Company's contributions to defined contribution plans such as Provident Fund, Employees State
Insurance and Labour Welfare Fund are recognized in the Profit & Loss Account on an accrual basis.
The company's obligation towards gratuity, to the extent of statutory limit, is entirely funded. The Fund assets are managed by Life Insurance
Corporation of India through an irrevocable Group Gratuity Trust. The company has made a provision for gratuity based on demand, if any, from
the corporation, based on past withdrawal rates. This is not in consonance with the Accounting Standard 15 Employee Benefits.
iii. Long Term Compensated Absences: TheCompany's liability towards Leave encashment due to staff but carried forward is provided for on
actual basis on the basis of last salary drawn by employees.
j. Capitalization of Borrowing Costs: Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are
capitalized as part of cost of such assets till such time as the asset is ready for its intended use or sale. A qualifying asset is an asset that
necessarily requires a substantial period of time to get ready for its intended use or sale. All other borrowing costs are recognized as an expense
in the period in which they are incurred. Sometimes if funds from overdraft accounts are used temporarily for incurring capital expenditure, the
cost of borrowing is treated as revenue expenditure, as it is very difficult to quantify borrowing costs to be capitalized and such costs, if
determined, are likely to be insignificant in all probability.
k. Taxes on Income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized
on timing differences, being the differences between taxable income and books income, which are capable of reversal in one or more
subsequent periods. Where there are carry forward losses, deferred tax assets are recognized only if there is virtual certainty of realization of
27
such assets. Other deferred tax is recognized only if there is reasonable certainty of realization of such assets.
l. Impairment of Assets: impairment is ascertained at each balance sheet date in respect of Cash Generating Units. An impairment loss is
recognized whenever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is greater of the net selling price
and value in use of the assets of a Cash Generating Unit.
m. Provisions, Contingent Liabilities & Contingent Assets: Provisions are made for present obligations arising out of past events, which are likely
to result in an outflow
of resources embodying economic benefits at an amount which can be reliably estimated.
Items not classified as provisions as envisaged above are treated as contingent liabilities which are disclosed by way of a note and are not
provided for in books of accounts.
Contingent assets are neither recognized nor disclosed.
n. General: Accounting policies not specifically referred to are consistent with generally accepted accounting practices.
Textual information (7): Disclosure of accounting policies, change in accounting policies and changes in estimates

applicable. The company follows the mercantile system of accounting and recognizes income and expenditure on accrual basis.
value.
i. F.S.I.& leasehold rights for which amortization is carried out over the period of lease.
value of investments, if any, is made at the end of the year where such diminution is considered as of permanent nature
the corporation, based on past withdrawal rates. This is not in consonance with the Accounting Standard 15 Employee Benefits
actual basis on the basis of last salary drawn by employees
j. Capitalization of borrowing costs: Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are
28
k. Taxes on income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized
to result in an outflow of resources embodying economic benefits at an amount which can be reliably estimated.
Textual information (8): Disclosure of accounting policies explanatory [Text Block]

applicable. The company follows the mercantile system of accounting and recognizes income and expenditure on accrual basis except in case of
uncertainty of realization.
value.
i. F.S.I. & leasehold rights for which amortization is carried out over the period of lease.
value of investments, if any, is made at the end of the year where such diminution is considered as of permanent nature.
j. Capitalization of Borrowing Costs: Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are
29

k. Taxes on Income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized
28. Segment wise information
The Company presents segment wise data only on the basis of Consolidated Financial Statements as allowed under Accounting Standard 17:
Segment reporting
29. Related Party Disclosure
a. List of Related Parties with whom transactions have taken place during the year.
Key Management Relative of KMP Holding Company
Personnel (KMP) Prisha S. Desai Sanspri Foods and Investments Pvt. Ltd.
Sanjay J. Desai Ranna S. Desai (upto 31-03-2021)
Sanjana S. Desai
Subsidiaries
Amarkantak Foods Pvt. Ltd. (upto 31-03-2021)
Elmac Agro 'Mfg.' Pvt. Ltd.
b. Related Party Transactions that have taken place during the year. (INR in Lakh)
Sr No Nature of Transaction Name of Related Party 31-03-2022 31-03-2021
1 Purchase of Food product and related items Elmac Agro 'Mfg' Pvt Ltd 376.45 307.84
2 Sale of food product Elmac Agro 'Mfg' Pvt Ltd 34.18 26.93
3 Balance Receivable Elmac Agro 'Mfg' Pvt Ltd 21.78 Nil
4 Balance Payable Elmac Agro 'Mfg' Pvt Ltd 53.22 134.13
5 Purchase of food product Amarkantak Foods Pvt Ltd Nil 92.02
6 Balance Payable Amarkantak Foods Pvt Ltd Nil 2.90
7 Loan given Amarkantak Foods Pvt Ltd Nil 12.87
8 Interest received Amarkantak Foods Pvt Ltd Nil 24.56
9 Loan Receivable Amarkantak Foods Pvt Ltd Nil 364.88
10 Rent Paid Sanjay J. Desai 5.04 5.04
11 Balance Receivable (Deposit) Sanjay J. Desai 5.00 5.00
12 Salaries, Bonus & Perquisites Sanjana Sanjay Desai 71.01 63.60
13 Salaries, Bonus & Perquisites Prisha Sanjay Desai 58.33 40.26
14 Guarantee given on behalf of Company Elmac Agro 'Mfg' Pvt Ltd 44.19 123.14
15 Salaries, Bonus & Perquisites Sanjay J. Desai 88.18 93.88
30. Leases
(INR in Lakh)
Assets taken under Operating Lease 31-03-2022 31-03-2021
A. Total future minimum lease payments under non-cancellable operating lease - -
B. Lease payments recognized in the profit & loss account 325.62 312.84
30
C. General description of the significant leasing arrangements.

i. The Lease rent is an annual fixed amount determined by the lease arrangement.
ii. The lease arrangement does not specify renewal or purchase options nor do they have any
escalation clauses.
iii. There are no restrictions imposed by the lease arrangements concerning dividends, additions debts
etc.
31. Deferred Taxes:

Deferred Taxes comprises of the following elements:
(INR in Lakh)
Including Adjustments on
Sr. No. Particulars As on 31.03.21 As on 31.03.22
Account of Amalgamation
1 Provision for Doubtful debts 13.90 4.32 18.22
Impact of Income Computation & Disclosure Standard

2 1.11 9.24 10.35
on account of Foreign Currency Hedging
3 Disallowance U/s. 43B of the Income Tax Act, 1961 35.30 17.76 53.06
Difference in depreciation as per books and as per tax

4 196.07 69.90 265.98
laws
5 Impact of section 35D of the Income Tax Act, 1961 15.93 -3.98 11.95
Total 262.32 97.24 359.56
32. Computation of Earnings Per Share
Particulars 31-03-2022 31-03-20 21
Net Profit after taxes (INR in Lakh) 1848.17 2569.08
Weighted Average No. of Equity Shares 17,98,620 55,65,946
Earnings Per Share (In INR) 102.76 46.16
33. Provisions & Contingent Liabilities:

a. Provisions :
Damage Claims: The Company has an implied contract with its distributors to make good any breakage, damage, deterioration, expiry, etc. of its
goods supplied. A provision of INR 100 Lakh was made in this regard as on 31.03.2021. Considering various indicators such as stock positions,
actual sales returns, ratio of claims to sales, etc. a provision of INR 134 Lakh is made as on 31.03.2022 which is expected to be utilized within
one year.
b. Contingent Liabilities not provided for in respect of:
The company has filed a Writ petition in the High Court of Judicature of Karnataka at Bengaluru in the matter of certain purchases made under
Advance License Scheme after the expiry of the license on the grounds of it being a technical default. The company has been advised that in
case the court ruling is against its favor it may have to incur a liability of INR 12.00 Lakh to INR 40.00 Lakh. This shall be accounted as and when
the Honorable court pronounces its verdict.
(INR in Lakh)
S. No Particulars 31-03-2022 31-03-20 21
i Claims against the Company not Acknowledged as Debts - -
Guarantees given by Bankers on behalf of the Company and its

ii 10.30 -
suppliers to third parties.
iii Taxes in Appeal with relevant authorities 39.42 2.74
Total 49.72 2.74
34. Estimated amount of Contracts remaining unexecuted on Capital Account

(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Estimated amount of Contracts remaining unexecuted on Capital Account (net of

1.37 -
Advance)
35. Auditors Remuneration (included in Other Expenses)

(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Audit fees 6.69 5.50
31
Tax Audit & GST Audit fees 4.20 4.20
Total 10.89 9.70
36. Value of Imports on C.I.F. Basis

(INR in Lakh)
S. No Particulars 31-03-2022 31-03-20 21
(a) Capital Goods 11.81 116.52
(b) Spare Parts 11.37 -
Total 23.18 116.52
37. Consumption of Imported Raw Material, Spare Parts and Components

(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Imported Raw Materials/ Packing Material - 8.80
38. Remittance in Foreign Currencies on account of Dividend to

Non-Resident Shareholders - -
39. Earnings in Foreign Currency (Export Sales)- (On Receipt Basis)
(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Export Sales 8161.29 8952.49
40. Expenditure in Foreign Currency- (On Payment Basis)

(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Travelling Expenses 16.72 5.54
Legal & Professional Fees 41.21 38.99
Advertisement, Sales Promotion, Listing Fees & Discount 287.38 330.96
Commission on Sales 103.05 140.69
Raw Material Purchase - 8.80
Salaries for Export 221.52 264.51
Membership and Subscription 2.22 -
Machinery Purchase & Spare Parts 23.19 106.75
Shipment Cost 8.57 -
Damages - 1.04
Bank Charges 0.04 0.04
Total 703.91 897.32
41. Details of Purchases

(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Food Products (Traded Items) 2268.49 2303.71
Food Products (Semi Finished Goods) 712.61 1126.42
Total 2981.10 3430.13
42. Previous year figures have been regrouped and re-arranged wherever found necessary.
For presentation figures are rounded off to the nearest Lakh.
43. The Company has amounts due to suppliers under The Micro, Small and Medium Enterprises Development Act 2006 (MSMED Act) as at
31st Mar 2022. The disclosure pursuant to the said Act is as under:
(INR in Lakh)
S. No Particulars 31-03-2022 31-03-20 21
1 Total Amount Outstanding to MSME Suppliers 254.20 171.36
2 Payment made to Suppliers beyond the appointed day 308.54 378.07
32
Interest accrued and remaining unpaid at the end of the year to suppliers
3 - -
under MSMED Act
Note: The company is not paying or accounting for any interest on delayed payments to suppliers registered under MSMED Act.
44. Note on Scheme of Amalgamation
The Board of Directors of the Company, as the Transferee Company, approved a Composite Scheme of Amalgamation (Merger by absorption)
and Arrangement involving amalgamation of Sanspri Foods & Investments Private Limited (CIN: U15549PN2019PTC184941) ("SFIPL" or
"Transferor Company 1"), and Amarkantak Foods Private Limited (CIN: U15400PN2014PTC173442) ("AFPL" or "Transferor Company 2") into
Desai Foods Private Limited, (CIN: U15400PN2009PTC133749) ("DFPL" or "Transferee Company")), as per the provisions of Sections 230 to
232 of the Companies Act, 2013, (the Act).The said Scheme satisfies the provisions of Section 2(1B) of the Income-tax Act, 1961, as
amalgamation.
The Scheme has been approved by the Board of Directors of each of the Transferor Companies and a Combined Application as per the
provisions of the Act and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (the Rules) has been filed by the
Company before the National Company Law Tribunal, Mumbai Bench, Mumbai (NCLT ).
The Scheme envisages amalgamation of the Transferor Companies with the Company as the Transferee Company, with effect from the
Appointed Date, being 1st April 2020. The Amalgamation would be effective from the Effective Date, but the accounting would occur, subject to
receipt of necessary statutory and other approvals.
The Company has decided to account this amalgamation by "the pooling of interest method", as per the Accounting Standard No. AS14,
prescribed by the Companies (Accounting Standards) Rules, 2006, specified under section 133 of the Act, which are applicable to the Company
for the Financial Year 2020-21.
All Assets, Liabilities, and Profit/Loss, from the Effective Date of each of the Transferor Companies, shall accrue for the benefit of the Company
and it would be deemed that all transactions carried out by each of the Transferor Companies are for the benefit of the Company and being
carried on by each of these companies as the trustee of the Company. Based on the directions given by the NCLT in order dated 25th March
2021; the Company has obtained the approval of the equity shareholders, the Regional Director and other regulatory authorities. The Company
has received final approval order from the NCLT on 31st March 2022.
Accordingly, as per the Terms of the Scheme, the company has given effect in accounts on 1st April 2021, of the Assets, Liabilities and Reserves
of the Transferor Companies and corresponding consequential effect by cancellation of its shares and investments and the net impact has been
adjusted in the reserves of the company.
45. No loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and the Related parties (as defined under Companies
Act, 2013), either severally or jointly with any other person.
46. T he company has no transactions with any company Struck Off under section 248 of the Companies Act, 2013 or section 560 of Companies
Act, 1956.
47. The Company has no unrecorded transaction in the books of accounts that has been surrendered or disclosed as income during the year in
any tax assessments such as Search or survey or under any other relevant provisions of the Income Tax Act, 1961
48. A. The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
B. The Company has not been declared Wilful Defaulter by any Bank or Financial Institution or other Lender during the year under review.
C. No Charge or Satisfaction is pending to be registered with Registrar of Companies beyond the Statutory Period.
D. Company has Utilised the borrowings from Banks and Financial Institutions for the specific purpose for which it was taken.
E. Company has not availed any Borrowings from Banks or Financial institutions on the basis of Security of Current Assets, hence no disclosure
is required in this regard.
49. The company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the
Companies (Restriction on number of Layers) Rules, 2017.
50. The details of Scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013 and the disclosure is given in Note 44
above. There are no deviations from the Accounting Standards in this regard.
51. The Company has not advanced or loaned or invested any funds to any other person(s) or entity(ies), including foreign entities
("Intermediaries") with the understanding that the Intermediary shall:
i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate
Beneficiaries) or
ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
52. The Company has not received any fund from any person(s) or entity(ies), including foreign entities ("Funding Party") with the understanding
that the Company shall:
i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or
ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
53. Disclosure towards Corporate Social Responsibility (CSR)
(INR in Lakh)
Particulars 31-03-2022 31-03-20 21
Gross amount required to be spent by the Company during the year 40.25 17.26
Spent during the year 40.25 17.30
Amount Utilized out of previous years excess spent - -
Balance unspent/ (Excess spent) at the end of the year -0.00 -0.04
33
Total 40.25 17.26
Excess Spent carried forward for succeeding years - -
Nature of CSR Activities : Promotion of Healthcare, Promoting Sports and education.

54. Disclosure of Promoters / Shareholder's Shareholdings
Shareholding at Shareholding at
Shareholding at the Shareholding at the Shareholding at
S No Promoter / Shareholder's Name the beginning of the end of the
beginning of the year end of the year the end of the year
the year year
% of total Shares % change in

% of total Shares
No. of Shares No. of Shares of the Company shareholding
of the company
(*) during the year
Sanjaybhai Jasubhai Desai

1 3,00,000 5.39 3,00,000 16.68 11.29
(HUF)
2 Kinna Yogesh Patel 3,85,051 6.92 3,85,051 21.41 14.49
3 Prisha Sanjay Desai 71,878 1.29 71,878 4 2.71
4 Ranna Sanjay Desai 97,862 1.76 97,862 5.44 3.68
5 Sanjana Sanjay Desai 71,878 1.29 71,878 4 2.71
Nirupamaben Desai Will

6 3,26,025 5.86 3,26,025 18.13 12.27
Sanjana Prisha Trust
7 Sanjay Jasubhai Desai 86,497 1.55 86,497 4.81 3.26
8 JHD Will Sanjana Prisha Trust 93,074 1.67 93,074 5.17 3.5
9 Ganeshai Family Trust 35,113 0.63 35,113 1.95 1.32
10 Prisha Family Trust 27,000 0.49 27,000 1.50 1.01
11 Sanjana Family Trust 27,000 0.49 27,000 1.50 1.01
12 Hariom Family Trust 2,52,242 4.53 2,52,242 14.02 9.49
Sanspri Foods And Investments

13 37,67,326 67.69 NIL - -67.69
Pvt. Ltd.
14 Sanjay Desai Family Trust 25,000 0.45 25,000 1.39 0.94
TOTAL 55,65,946 100 17,98,620 100
(*) Due to cancellation of 37,67,326 Shares, there has been change in % of Promoters shareholding.
Signatures to Notes to Accounts
As per my attached report of even date.
For Suresh C. Shah & Co On behalf of the Board of Directors of On behalf of the Board of Directors of
Chartered Accountants, Desai Foods Private Limited Desai Foods Private Limited
Firm Registration Number 110664W
Poorav Shah Sanjay J. Desai Sanjana S. Desai
Partner Managing Director Whole-time Director
M. No. 113310 DIN: 00140307 DIN: 08488556
Place: Pune Place: Pune Place: Pune
Date: 29th September 2022
UDIN: 22113310AZGFUO5743
34
[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 [Axis] Carrying amount [Member] Gross carrying amount [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets [Line Items]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Additions other than through business combinations
tangible assets 657.24 377.61 657.24 377.61
Depreciation tangible assets -740.4 -811.82
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
tangible assets 0 0
Disposals tangible assets [Abstract]
Disposals tangible assets, others 0.24 4.14 28.24 24.63
Total disposals tangible assets 0.24 4.14 28.24 24.63
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets -83.4 -438.35 629 352.98
Tangible assets at end of period 2,838.21 3,191.37 9,095.23 8,466.23

Accumulated depreciation and impairment
Carrying amount accumulated depreciation and gross carrying amount [Axis] [Member]
Depreciation tangible assets 740.4 811.82
Reversal of impairment loss recognised in profit or loss tangible assets 0 0
Disposals tangible assets, others 28 20.49
Total disposals tangible assets 28 20.49
Total changes in tangible assets 712.4 791.33
Tangible assets at end of period 6,257.02 5,274.86

Classes of tangible assets [Axis] Land [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 35.15 0 35.15 0
Depreciation tangible assets 0 0
35

tangible assets 0 0
Disposals tangible assets, others 0 0 0 0
Total disposals tangible assets 0 0 0 0
Total changes in tangible assets 35.15 0 35.15 0
Tangible assets at end of period 142.02 114.59 149.86 114.71

Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Total changes in tangible assets 0 0
Tangible assets at end of period 7.84 0.12

Sub classes of tangible assets [Axis] Owned assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 35.15 0 35.15 0
tangible assets 0 0
Total changes in tangible assets 35.15 0 35.15 0
36

Total changes in tangible assets 0 0

Classes of tangible assets [Axis] Buildings [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 153.75 11.26 153.75 11.26
Depreciation tangible assets -234 -263.06
Total changes in tangible assets -80.25 -251.8 153.75 11.26

Depreciation tangible assets 234 263.06
Total changes in tangible assets 234 263.06

Classes of tangible assets [Axis] Other building [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 153.75 11.26 153.75 11.26
37


Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 153.75 11.26 153.75 11.26


Classes of tangible assets [Axis] Plant and equipment [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 358.83 181.3 358.83 181.3
Total changes in tangible assets 30.38 -187.41 358.38 171.02
38
Tangible assets at end of period 839.75 944.88 3,413.08 3,054.7

Disposals tangible assets, others 0.42 8.33
Total disposals tangible assets 0.42 8.33

Classes of tangible assets [Axis] Other plant and equipment [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 358.83 181.3 358.83 181.3

39

Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 358.83 181.3 358.83 181.3


Classes of tangible assets [Axis] Furniture and fixtures [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 16.98 3.34 16.98 3.34
tangible assets 0 0
40


Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 16.98 3.34 16.98 3.34
tangible assets 0 0

41

Classes of tangible assets [Axis] Vehicles [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 25.13 99.46 25.13 99.46
Total changes in tangible assets -48.02 50.23 -1.67 85.49


Classes of tangible assets [Axis] Motor vehicles [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 25.13 99.46 25.13 99.46

42


Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 25.13 99.46 25.13 99.46


Classes of tangible assets [Axis] Office equipment [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 17.85 14.95 17.85 14.95
tangible assets 0 0
43

Total changes in tangible assets -8 -26.74 16.86 14.57


Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 17.85 14.95 17.85 14.95
tangible assets 0 0
Total changes in tangible assets -8 -26.74 16.86 14.57

44


Classes of tangible assets [Axis] Other tangible assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 49.55 67.3 49.55 67.3
tangible assets 0 0
Total changes in tangible assets 4.78 27.04 49.55 67.3

45

Period FY 2022 FY 2021 FY 2022 FY 2021
tangible assets 49.55 67.3 49.55 67.3
tangible assets 0 0


Classes of tangible assets [Axis] Other tangible assets, others [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
DRUMS AND DRUMS DRUMS AND DRUMS
Nature of other tangible assets BARRELS BARRELS BARRELS BARRELS
tangible assets 49.55 67.3 49.55 67.3
tangible assets 0 0
46


DRUMS AND DRUMS
Nature of other tangible assets BARRELS BARRELS

Period FY 2022 FY 2021 FY 2022 FY 2021
DRUMS AND DRUMS DRUMS AND DRUMS
Nature of other tangible assets BARRELS BARRELS BARRELS BARRELS
tangible assets 49.55 67.3 49.55 67.3
tangible assets 0 0
47

DRUMS AND DRUMS
Nature of other tangible assets BARRELS BARRELS
Disclosure of additional information tangible assets [Table] ..(1)

Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [Line Items]
Depreciation method tangible assets - -
Useful lives or depreciation rates tangible assets NA NA

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of additional information tangible assets [Line
Items]
Depreciation method tangible assets - - - -
Useful lives or depreciation rates tangible assets NA NA NA NA

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Written Down Written Down Written Down Written Down
Depreciation method tangible assets Value Method Value Method Value Method Value Method
in the manner in the manner in the manner in the manner
provided in the provided in the provided in the provided in the
Schedule II to the Schedule II to the Schedule II to the Schedule II to the
Companies Act Companies Act Companies Act Companies Act
Useful lives or depreciation rates tangible assets 2013 2013 2013 2013
48

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Disclosure of additional information tangible assets [Line Items]
Written Down Written Down
Depreciation method tangible assets Value Method Value Method
in the manner in the manner
provided in the provided in the
Schedule II to the Schedule II to the
Companies Act Companies Act
Useful lives or depreciation rates tangible assets 2013 2013

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
49

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Depreciation method tangible assets - - - -
Useful lives or depreciation rates tangible assets NA NA NA NA
50

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
51
[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] Carrying amount [Member] Gross carrying amount [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [Line Items]
Reconciliation of changes in intangible assets [Abstract]
Changes in intangible assets [Abstract]
Additions to intangible assets [Abstract]
intangible assets 7.5 11.17 7.5 11.17
Total additions to intangible assets 7.5 11.17 7.5 11.17
Amortization intangible assets -101.39 -106.37
Impairment loss recognised in profit or loss intangible
assets 0 0
intangible assets 0 0
Disposals intangible assets [Abstract]
Disposals intangible assets, others 0 0 0 0
Total disposals intangible assets 0 0 0 0
Other adjustments intangible assets [Abstract]
Other adjustments intangible assets, others 0 0
Total other adjustments intangible assets 0 0
Total changes in intangible assets -93.89 -95.2 7.5 11.17
Intangible assets at end of period 302.14 397.22 1,836.17 1,828.67

Internally generated and other than
internally generated intangible assets
Sub classes of intangible assets [Axis] [Member]
Accumulated amortization and impairment
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] [Member]
Amortization intangible assets 101.39 106.37
Impairment loss recognised in profit or loss intangible assets 0 0
Reversal of impairment loss recognised in profit or loss intangible assets 0 0
Disposals intangible assets, others 0 0
Total disposals intangible assets 0 0
Total changes in intangible assets 101.39 106.37
Intangible assets at end of period 1,534.03 1,431.45

Classes of intangible assets [Axis] Brands and trade marks [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
52

assets 0 0


Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
assets 0 0
53


Intangible assets other than internally
Sub classes of intangible assets [Axis] generated [Member]

Classes of intangible assets [Axis] Trade marks [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
assets 0 0

54


Period FY 2022 FY 2021 FY 2022 FY 2021
assets 0 0

55

Classes of intangible assets [Axis] Computer software [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
intangible assets 5.88 5.88
Total additions to intangible assets 5.88 5.88
assets 0 0
Total changes in intangible assets -5.32 -4.57 0 5.88
Intangible assets at end of period 3.68 9 68.64 68.64

Intangible assets at end of period 64.96 59.64

Period FY 2022 FY 2021 FY 2022 FY 2021
intangible assets 5.88 5.88
Total additions to intangible assets 5.88 5.88
56

assets 0 0
Total changes in intangible assets -5.32 -4.57 0 5.88
Intangible assets at end of period 3.68 9 68.64 68.64

Intangible assets at end of period 64.96 59.64

Classes of intangible assets [Axis] Other intangible assets [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
intangible assets 0 0 0 0
Total additions to intangible assets 0 0 0 0
Amortization intangible assets 0 0
assets 0 0
Total changes in intangible assets 0 0 0 0
Intangible assets at end of period 0 0 100 100
57

Total changes in intangible assets 0 0
Intangible assets at end of period 100 100

Period FY 2022 FY 2021 FY 2022 FY 2021
assets 0 0

58


Classes of intangible assets [Axis] Other intangible assets, others [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
NON NON NON NON
Nature of other intangible assets COMPETITION COMPETITION COMPETITION COMPETITION
assets 0 0

NON NON
Nature of other intangible assets COMPETITION COMPETITION
59

Period FY 2022 FY 2021 FY 2022 FY 2021
NON NON NON NON
Nature of other intangible assets COMPETITION COMPETITION COMPETITION COMPETITION
assets 0 0

NON NON
Nature of other intangible assets COMPETITION COMPETITION
Disclosure of additional information intangible assets [Table] ..(1)

Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [Line Items]
Useful lives or amortization rates intangible assets NA NA
Description of amortization method used - -
60

internally generated intangible assets Intangible assets other than internally
Sub classes of intangible assets [Axis] [Member] generated [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of additional information intangible assets [Line
Items]
As provided in the As provided in the
Useful lives or amortization rates intangible assets NA NA 2013 2013
Straight Line Straight Line
Description of amortization method used - - Value Method Value Method

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or amortization rates intangible assets NA NA NA NA
Description of amortization method used - - - -

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
Useful lives or amortization rates intangible assets NA NA NA NA
Description of amortization method used - - - -
61

Period FY 2022 FY 2021 FY 2022 FY 2021
Items]
62
[201200] Notes - Employee benefits

Textual Textual
Disclosure of employee benefits explanatory [Text Block] Information (9) Information (10)
Textual information (9): Disclosure of employee benefits explanatory [Text Block]
Textual information (10): Disclosure of employee benefits explanatory [Text Block]
a. Employee Benefits:
the corporation, based on past withdrawal rates. This is not in consonance with the Accounting Standard 15 Employee Benefits
actual basis on the basis of last salary drawn by employees
63
[201400] Notes - Leases

Textual Textual
Disclosure of leases explanatory [Text Block] Information (11) Information (12)
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of operating lease by lessee [Abstract]
Lease payments recognised as expense [Abstract]
Minimum lease payments recognised as expense, classified as operating lease 325.62 312.84
Total lease payments recognised as expense 325.62 312.84
Whether any operating lease has been converted to financial lease or vice-versa No No
Textual information (11): Disclosure of leases explanatory [Text Block]
27. Leases
(INR in Lakh)
Assets taken under Operating Lease 31-03-2022 31-03-2021
A. Total future minimum lease payments under non-cancellable operating lease - -
B. Lease payments recognized in the profit & loss account 325.62 312.84
C. General description of the significant leasing arrangements.

i. The Lease rent is an annual fixed amount determined by the lease arrangement.
ii. The lease arrangement does not specify renewal or purchase options nor do they have any
escalation clauses.
iii. There are no restrictions imposed by the lease arrangements concerning dividends, additions debts
etc.
Textual information (12): Disclosure of leases explanatory [Text Block]
Leases
31-03-2021 31-03-2020
Assets taken under operating Lease
INR INR
Total future minimum lease payments under non-cancellable operating lease - -
Lease payments recognized in the profit & loss account 3,11,41,484 1,84,52,947
General description of the significant leasing arrangements.The Lease rent is an annual fixed
amount determined by the lease arrangement. The lease arrangement does not specify renewal
or purchase options nor do they have any escalation clauses. There are no restrictions imposed
by the lease arrangements concerning dividends, additions debts etc.
64
[201600] Notes - Related party

Other information subsidiary details [Abstract]
Whether company is subsidiary company No Yes
Section under which company is subsidiary Section 2(87)(ii)
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] A B
Period FY 2022 FY 2021 FY 2022 FY 2021
Disclosure of relationship and transactions between related
parties [Abstract]
parties [Line Items]
AMARKANTAK
ELMAC AGRO ELMAC AGRO FOODS
'MFG' PRIVATE 'MFG' PRIVATE PRIVATE
Name of related party LIMITED LIMITED Sanjay J. Desai LIMITED
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
Permanent account number of related party AABCE3448G AABCE3448G ABOPD1867D AANCA0572D
U63022WB2003P U63022WB2003P U15400PN2014P
CIN of related party TC096464 TC096464 TC173442
Subsidiary Subsidiary Key Management Subsidiary
Description of nature of related party relationship company company Personnel company
As per Note 29 of As per Note 29 of As per Note 29 of As per Note 29 of
Description of nature of transactions with related party Notes to accounts Notes to accounts Notes to accounts Notes to accounts
Related party transactions [Abstract]
Purchases of goods related party transactions 376.45 307.84 92.02
Revenue from sale of goods related party transactions 34.18 26.93
Services received related party transactions 5.04
Advances given during year related party transactions 12.87
Interest received during year related party transactions 24.56
Provision of guarantees or collateral by enterprise related
party transactions 44.19 123.14
Other related party transactions contribution made 0
Other related party transactions contribution received (A) 364.88
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 88.18
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 53.22 134.13 2.9
Amounts receivable related party transactions 21.78 0 5
Amount written off during period in respect of debts due from
related parties 0 0 0 0
Amount written back during period in respect of debts due to
Footnotes
(A) Loan receivable

Categories of related parties [Axis] C D
Period FY 2022 FY 2021 FY 2022 FY 2021
parties [Abstract]
parties [Line Items]
Sanjana Sanjay Prisha Sanjay Sanjana Sanjay
Name of related party Desai Sanjay J. Desai Desai Desai
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
Permanent account number of related party AHZPD9425C ABOPD1867D AMBPD9925G AHZPD9425C
65
Relatives of Key
Key Management Key Management management Key Management
Description of nature of related party relationship Personnel Personnel personnel Personnel
As per Note 29 of As per Note 29 of As per Note 28 of As per Note 29 of
Description of nature of transactions with related party Notes to accounts Notes to accounts Notes to accounts Notes to accounts
Services received related party transactions 5.04
Transfers under finance agreements related party
transactions [Abstract]
Equity contributions made under finance agreements
related party transactions 0 0
Other related party transactions expense 0 0 0
Other related party transactions contribution made 0
Remuneration for key managerial personnel 71.01 93.88 58.33 63.6
Outstanding balances for related party transactions [Abstract]
Amounts receivable related party transactions 5
Amount written off during period in respect of debts due from
Amount written back during period in respect of debts due to

Categories of related parties [Axis] E F
Period FY 2021
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [Line Items]
SANSPRI
FOODS &
INVESTMENTS
Prisha Sanjay PRIVATE
Name of related party Desai LIMITED
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AMBPD9925G
U15549PN2019P
CIN of related party TC184941
Relatives of Key
management
Description of nature of related party relationship personnel Holding company
As per Note 29 of As per Note 29 of
Description of nature of transactions with related party Notes to accounts Notes to accounts
Transfers under finance agreements related party transactions [Abstract]
Equity contributions made under finance agreements related party transactions 0
Other related party transactions expense 0
Remuneration for key managerial personnel 40.26
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0
66
[201700] Notes - Government grants

Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
67
[201800] Notes - Borrowing cost

Textual Textual
Disclosure of notes on borrowing costs explanatory [Text Block] Information (13) Information (14)
Textual information (13): Disclosure of notes on borrowing costs explanatory [Text Block]
a. Capitalization of Borrowing Costs: Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are
Textual information (14): Disclosure of notes on borrowing costs explanatory [Text Block]
Capitalization of borrowing costs: Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are
68
[201900] Notes - Income taxes

Textual Textual
Disclosure of notes on income taxes explanatory [Text Block] Information (15) Information (16)
Disclosure of breakup of deferred tax assets and deferred tax liabilities [Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, other 359.56 262.32
Total deferred tax assets 359.56 262.32
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 0 0
Total deferred tax liabilities 0 0
Textual information (15): Disclosure of notes on income taxes explanatory [Text Block]
Taxes on Income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized on
timing differences, being the differences between taxable income and books income, which are capable of reversal in one or more subsequent
periods. Where there are carry forward losses, deferred tax assets are recognized only if there is virtual certainty of realization of such assets.
Other deferred tax is recognized only if there is reasonable certainty of realization of such assets.
Textual information (16): Disclosure of notes on income taxes explanatory [Text Block]
Taxes on income: Current tax is determined as the amount of tax payable in respect of taxable income for the year. Deferred tax is recognized on
timing differences, being the differences between taxable income and books income, which are capable of reversal in one or more subsequent
periods. Where there are carry forward losses, deferred tax assets are recognized only if there is virtual certainty of realization of such assets.
Other deferred tax is recognized only if there is reasonable certainty of realization of such assets.
69
[202100] Notes - Other provisions, contingent liabilities and contingent assets

Textual Textual
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block] Information (17) Information (18)
Textual information (17): Disclosure of notes on other provisions, contingent liabilities and contingent assets
a. Provisions, Contingent Liabilities & Contingent Assets: Provisions are made for present obligations arising out of past events, which are likely
Textual information (18): Disclosure of notes on other provisions, contingent liabilities and contingent assets
Provisions, Contingent Liabilities & Contingent Assets: Provisions are made for present obligations arising out of past events, which are likely to
result in an outflow of resources embodying economic benefits at an amount which can be reliably estimated.
70
[202200] Notes - Effects of changes in foreign exchange rates

Details of change in classification of significant foreign operation [Abstract]
Impact of change in classification of significant foreign operation on shareholders' fund 0 0
71
[202300] Notes - Amalgamation
Disclosure of amalgamations [Table]

Amalgamations [Axis] A B
Period FY 2022
Disclosure of amalgamations [Abstract]
Disclosure of amalgamations [Line Items]
SANSPRI
AMARKANTAK FOODS &
FOODS INVESTMENTS
PRIVATE PRIVATE
Name of amalgamating company LIMITED LIMITED
Country of incorporation or residence of amalgamating company INDIA INDIA
U15400PN2014P U15549PN2019P
CIN of amalgamating company TC173442 TC184941
Food related Food related
General nature of business of amalgamating company Business Business
Effective date of amalgamation for accounting purposes 01/04/2021 01/04/2021
Pooling of Interest Pooling of Interest
Method of accounting used to reflect amalgamation Method Method
72
[202400] Notes - Investments in associates

Period FY 2022
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
73
[202500] Notes - Financial reporting of interests in joint ventures

Period FY 2022
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
74
[202700] Notes - Cash flow statements

Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 1,198.55 1,405.19
Total cash and cash equivalents 1,198.55 1,405.19
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 691.85 829.64
Total income taxes paid (refund) 691.85 829.64
75
[202800] Notes - Subsidiary information

Period FY 2022
Whether company has subsidiary companies Yes
Number of subsidiary companies [INR] 1.00
Whether company has subsidiary companies which are yet to commence operations No
Whether company has subsidiary companies liquidated or sold during year No
Details of subsidiaries [Table]

Subsidiaries [Axis] 1
Period FY 2022
Details of subsidiaries [Abstract]
Details of subsidiaries [Line Items]
ELMAC AGRO
'MFG' PRIVATE
Name of subsidiary LIMITED
Country of incorporation or residence of subsidiary INDIA
U63022WB2003P
CIN of subsidiary company TC096464
PAN of subsidiary company AABCE3448G
Section under which company became subsidiary Section 2(87)(ii)
Whether subsidiary has filed balance sheet No
Reason if no filing has been made by subsidiary NA
Whether financial year of subsidiary different from financial year of holding company No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2021
End date of accounting period of subsidiary 31/03/2022
Percentage of shareholding in subsidiary 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR
Exchange rate as applicable for subsidiary NA
Share capital of subsidiary 25
Reserves and surplus of subsidiary 1,064.49
Total assets of subsidiary 1,163.49
Total liabilities of subsidiary 73.99
Investment of subsidiary 0
Turnover of subsidiary 594.18
Profit before tax of subsidiary 91.52
Provision for tax of subsidiary 20.27
Profit after tax of subsidiary 71.25
Proposed dividend of subsidiary 0
76
[300100] Notes - Revenue

Textual Textual
Disclosure of revenue explanatory [Text Block] Information (19) Information (20)
Textual information (19): Disclosure of revenue explanatory [Text Block]
a. Revenue recognition:
Textual information (20): Disclosure of revenue explanatory [Text Block]
Revenue recognition:
77
[300300] Notes - Earnings per share

Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 1,798,620 [shares] 5,565,946
Adjusted weighted average shares [shares] 1,798,620 [shares] 5,565,946
Diluted weighted average shares [shares] 1,798,620 [shares] 5,565,946
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
78
[300400] Notes - Employee share-based payments

Number of instruments other instruments granted [INR] 0.00 [INR] 0
79
[300500] Notes - Subclassification and notes on income and expenses

Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 25,487.05 25,395.28
Total revenue from sale of products 25,487.05 25,395.28
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 0 0
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 179.46 411.81
Total other operating revenues 179.46 411.81
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on other current investments 77.24 69.59
Total interest income on current investments 77.24 69.59
Total interest income 77.24 69.59
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current equity securities 2.08 0.14
Total dividend income current investments 2.08 0.14
Total dividend income 2.08 0.14
Other non-operating income [Abstract]
Income insurance claims 1.75 0.97
Miscellaneous other non-operating income (A) 36.68 (B) 83.96
Total other non-operating income 38.43 84.93
Total other income 117.75 154.66
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, others 0 0
Total interest expense long-term loans 0 0
Interest expense deposits 0.73 0.84
Other interest charges 7.4 2.08
Total interest expense 8.13 2.92
Other borrowing costs (C) 6.04 (D) 8.74
Total finance costs 14.17 11.66
Employee benefit expense [Abstract]
Salaries and wages 3,873.01 3,598.06
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 159.19 157.48
Total remuneration to directors 159.19 157.48
Remuneration to manager [Abstract]
Salary to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 159.19 157.48
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 156.03 177.57
Total contribution to provident and other funds 156.03 177.57
Staff welfare expense 55.79 49.39
Total employee benefit expense 4,244.02 3,982.5
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 202.9 209.12
Rent 325.62 312.85
Repairs to building 15.69 56.83
Repairs to machinery 99.04 92.24
Insurance 137.63 147.47
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 30.49 37.21
Total rates and taxes excluding taxes on income 30.49 37.21
Telephone postage 27.72 22.31
80
Printing stationery 9.84 10.4

Travelling conveyance 312.02 212.3
Legal professional charges 238.12 379.82
Directors sitting fees 3.5 3.5
Advertising promotional expenses 606.39 176.61
Provision bad doubtful debts created 17.17 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off 14.98 0
Total miscellaneous expenditure written off 14.98 0
Bad debts written off 2.6 16.22
Bad debts advances written off 0 0
Total write-off assets 17.58 16.22
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable tangible asset 0.05 1.97
Payments to auditor [Abstract]
Payment for audit services 6.69 5.5
Payment for taxation matters 4.2 4.2
Total payments to auditor 10.89 9.7
Miscellaneous expenses (E) 5,053.56 (F) 4,378.75
Total other expenses 7,108.21 6,067.3
Current tax [Abstract]
Current tax pertaining to current year 685 940
Total current tax 685 940
Footnotes
(A) Amounts Written back+Profit on Sale of Asset (Net)+Gain/Loss on Redemption of Mutual Fund+Miscellaneous Income
(B) Amounts Written back+Profit on Sale of Asset (Net)+Gain/Loss on Redemption of Mutual Fund+Miscellaneous Income
(C) Bank Charges
(D) Bank Charges
(E)
Other Manufacturing Expenses+Security Expenses+Repairs & Maintenance Expenses+Repairs Others+General Office Expenses+Selling &
Distribution Expenses+Sales Promotion Expenses+Expiry goods, Breakages and Damages+Prior Period Expenses+Interest, Fines &
Penalties+Miscellaneous Expenses
(F)
Other Manufacturing Expenses+Security Expenses+Repairs Others+General Office Expenses+Selling & Distribution Expenses+Sales
Promotion Expenses+Expiry goods, Breakages and Damages+Prior Period Expenses+Interest, Fines & Penalties+Miscellaneous Expenses
81
[300600] Notes - Additional information statement of profit and loss

Additional information on profit and loss account [Abstract]
Changes in inventories of finished goods, work-in-progress and stock-in-trade [Abstract]
Changes in inventories of finished goods -5.6 137.24
Changes in inventories of work-in-progress -10.32 -136.95
Total changes in inventories of finished goods, work-in-progress and stock-in-trade -15.92 0.29
Prior period items [Abstract]
Prior period expense before tax 0 0
Total prior period items before tax 0 0
Total prior period items after tax 0 0
Additional details in case of service companies [Abstract]
Revenue from sale of services, gross [Abstract]
Revenue contracts [Abstract]
Revenue domestic contracts 0 0
Total revenue contracts 0 0
Total gross income from services rendered 0 0
Value of imports calculated on CIF basis [Abstract]
Value of imports of raw materials 0 0
Total value of imports calculated on CIF basis 0 0
Expenditure in foreign currency [Abstract]
Expenditure on other matters 703.91 897.32
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 703.91 897.32
Details of dividend remitted in foreign currency [Abstract]
Amount of dividend remitted in foreign currency [Abstract]
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Details of earnings in foreign currency [Abstract]
Earnings on export of goods calculated on FOB basis [Abstract]
FOB value of manufactured goods exported (A) 8,161.29 (B) 8,952.49
Total earnings on export of goods calculated on FOB basis 8,161.29 8,952.49
Earnings on royalty, know-how, professional and consultation fees [Abstract]
Earnings on royalty 0 0
Total earnings on royalty, know-how, professional and consultation fees 0 0
Earnings on interest and dividend [Abstract]
Earnings on interest 0 0
Total earnings on interest and dividend 0 0
Earnings on other income 0 0
Total earnings in foreign currency 8,161.29 8,952.49
Breakup of revenue as export and domestic [Abstract]
Revenue from sale of products [Abstract]
Domestic turnover goods, gross [Abstract]
Domestic sale manufactured goods 25,400.29 25,302.07
Domestic sale traded goods 0 0
Total domestic turnover goods, gross 25,400.29 25,302.07
Export turnover goods, gross [Abstract]
Export sale manufactured goods 86.76 93.21
Export sale traded goods 0 0
Total export turnover goods, gross 86.76 93.21
Total revenue from sale of products 25,487.05 25,395.28
Revenue from sale of services [Abstract]
Domestic revenue services 0 0
Export revenue services 0 0
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 633.19 654.13
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Earnings in Foreign Currency (Export Sales)- (On receipt basis)-Export Sales
(B) Earnings in Foreign Currency (Export Sales)- (On receipt basis)-Export Sales
82
Details of raw materials, spare parts and components consumed [Table] ..(1)

Raw materials spare parts and components
Details of raw materials, spare parts and components consumed [Axis] consumed [Member]
Subclassification of raw materials, spare parts and components consumed [Axis] Imported and indigenous [Member]
Details of raw materials, spare parts and components consumed [Abstract]
Details of raw materials, spare parts and components consumed [Line Items]
Value consumed 8,194.84 8,085.46
Percentage of consumption 100.00% 100.00%

Details of raw materials, spare parts and components consumed [Axis] Raw materials consumed [Member]
Subclassification of raw materials, spare parts and components
consumed [Axis] Imported and indigenous [Member] Indigenous [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of raw materials, spare parts and components consumed
[Abstract]
[Line Items]
Value consumed 8,149.58 8,026.49 8,149.58 8,026.49
Percentage of consumption 99.45% 99.27% 99.45% 99.27%

Details of raw materials, spare parts and components consumed [Axis] Spare parts consumed [Member]
Subclassification of raw materials, spare parts and components
consumed [Axis] Imported and indigenous [Member] Indigenous [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
[Abstract]
[Line Items]
Value consumed 45.26 58.97 45.26 58.97
Percentage of consumption 0.55% 0.73% 0.55% 0.73%
83
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table]
Key managerial personnels and directors [Axis] 1 2 3 4
Period FY 2022
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Line
Items]
PADMANABHA MUKESH SANJAY
N MANGALBHAI JASUBHAI SANJANA
Name of key managerial personnel or director SUBRAMANIAN PATEL DESAI SANJAY DESAI
Director identification number of key managerial personnel or
director 00001207 00053892 00140307 08488556
Date of birth of key managerial personnel or director 01/09/1939 22/01/1954 18/05/1960 04/01/1987
Managing Whole Time
Designation of key managerial personnel or director Director Director Director Director
Qualification of key managerial personnel or director B.Com B.Com B.Com B.Com
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 86,497 [shares] 71,878
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director
[Abstract]
Salary key managerial personnel or director 0 0 88.18 71.01
Gross salary to key managerial personnel or director 0 0 88.18 71.01
Total key managerial personnel or director remuneration 0 0 88.18 71.01
84
[301000] Notes - Corporate social responsibility

Period FY 2022
Whether provisions of corporate social responsibility are applicable on company Yes
Textual
Disclosure of composition of CSR committee [Text Block] Information (21)
Disclosure of CSR policy [Abstract]
Whether company has written CSR policy Yes
Textual
Details CSR policy [Text Block] Information (22)
Disclosure of CSR spending [Abstract]
Average net profit for last three financial years 2,012.4
Prescribed CSR expenditure 40.25
Details of CSR spent during financial year [Abstract]
Amount CSR to be spent for financial year 40.25
Amount CSR spent for financial year 40.25
Amount spent in local area 27
Amount spent during year [Abstract]
Amount spent on construction/acquisition of any asset in cash 0
Total amount spent on construction/acquisition of any asset 0
Amount spent on purposes other than construction/acquisition of any asset in cash 0
Total amount spent on purposes other than construction/acquisition of any asset 0
Amount unspent CSR 0
Textual
Disclosure manner in which amount CSR spent during financial year explanatory [Text Block] Information (23)
Details of implementing agency Through Agency
Disclosure of net profits for last three financial years [Table]

Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis] [Member] [Member] [Member]
Period FY 2022
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [Line Items]
Description of financial year 2020-21 2019-20 2018-19
Profit before tax of financial year 3,448.43 1,303.16 1,285.6
Net profit computed u/s 198 and adjusted as per rule 2(1)(f) of Companies (CSR
Policy) Rules, 2014 3,448.43 1,303.16 1,285.6
Classification of CSR spending [Table]

Classification of CSR spending [Axis] 1 2 3 4
Period FY 2022
Manner in which amount CSR spent during financial year
[Abstract]
Manner in which amount CSR spent during financial year [Line
Items]
Pune
Neurosciences
trust and Research
Society Prashanti Cancer Abhinav Bindra Dehgam Taluka
CSR project or activity identified (Samavedana) Care Mission Foundation Trust Education Society
Sector in which project is covered Health care Health care Vocational skills Education
Whether projects or programs undertaken in local area or Gandhinagar,
other Pune, Maharastra Pune, Maharastra Pune, Maharastra Gujarat
Name of state or union territory where projects or programs
was undertaken Maharashtra Maharashtra Maharashtra Maharashtra
Name of district where projects or programs was undertaken Pune Pune Pune Gandhinagar
Budget amount outlay project or program wise 5 19 3 13.25
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 5 19 3 13.25
Total amount spent on projects or programs 5 19 3 13.25
Other Other Other Other
implementing implementing implementing implementing
Mode of amount spent agencies agencies agencies agencies
85
Textual information (21): Disclosure of composition of CSR committee [Text Block]
1. Composition of CSR Committee:
Number of meetings of CSR Number of meetings of CSR

Sr. No. Name of Director Designation / Nature of Directorship Committee held during the Committee attended during
year the year
1 Mr. Sanjay Desai Managing Director & Member One One
2 Ms. Sanjana Desai Whole-Time Director & Member One One
Mr. Padmanabhan
3 Director & Member One One
Subramanian
Textual information (22): Details CSR policy [Text Block]
ANNEXURE - IV
ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES OF THE COMPANY
[Pursuant to clause (o) of sub section (3) of section 134 of the Act and Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014)]
1. Brief outline on CSR Policy of the Company:
The CSR Policy as adopted by the Board of Directors emphasizes initiatives in specific areas of Social Development that would include Primary,
Secondary Education, Skill Development, Vocational Training, Health & Hygiene, Preventive Health care and Sanitation, Women Empowerment,
Environment and Ecological protection, character building by providing training opportunities in Sports & Cultural activities and other activities
mentioned in Schedule VII of the act.

year the year
Mr. Padmanabhan
Subramanian
3. Provide the web link where Composition of CSR committee, CSR Policy and CSR Projects approved by the Board are disclosed on the
website of the Company: https://www.mothersrecipe.com/about-us/csr/
4. The details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social
responsibility Policy) Rules, 2014, if applicable (attach the report): Not Applicable
5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any;
Amount available for set-off from preceding financial Amount required to be set-off for the financial year,
S. No. Financial Year
years (in INR) if any (in INR)
NA
6. Average net profit of the company of the Company for last three financial years as per section 135(5): INR 20,12,39,693
7. (a) Two percent of average net profit of the company as per section 135(5): INR 40,24,794
(b) Surplus arising out of the CSR projects or programs or activities of the previous financial years: NIL
(c) Amount required to be set off for the financial year, if any: NIL
(d) Total CSR obligation for the financial year (7a+7b-7c): 40,24,794
8. (a) CSR amount spent or unspent for the financial year:
Total Amount
Spent for the Amount Unspent (in Amount Unspent (in
Amount Unspent (in INR) Amount Unspent (in INR) Amount Unspent (in INR)
Financial Year INR) INR)
(in INR)
Amount transferred to any Amount transferred to Amount transferred to any

Total Amount Total Amount
fund specified under any fund specified under fund specified under
transferred to Unspent transferred to Unspent
Schedule VII as per Schedule VII as per Schedule VII as per
CSR Account as per CSR Account as per
second proviso to section second proviso to section second proviso to section
section 135(6) section 135(6)
135(5) 135(5) 135(5)
Amount Date of transfer Name of the Fund Amount Date of transfer
40,25,000 NIL NA NA NIL NA
86
(b) Details of CSR amount spent against ongoing projects for the financial year: Not Applicable
Amo
unt trans
ferred to Un
Mode Mode
Item from spent CSR Acc
Amo Am Mode of of
Na the ount
Lo unt alloc ount spent of Imple Imple Imple
me list Loc Loc Proj for
cal ated in men men men
of of activ ation of ation of ect the
S. No. area for the curr tation - tation - Thro tation - Thro
the ities in Sche the proj the proj dur proj
(Yes/ the pro ent finan Direct ugh Impl ugh Impl
Proj dule VII ect ect ation ect
No) ject (in cial Year (in (Yes/ emen emen
ect to as
INR) INR) No) ting Age ting Age
the Act per
ncy ncy
Sec
tion 135(6)
(in INR)
CSR Regis
State District Name
tration number
NA
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
(1) (2) (3) (4) (5) (5) (6) (7) (8) (8)
Item
from Mode
the of Mode
list imple of
Amo Mode
of men imple
Local Loca Loca unt of Imple
Name activ tation - men
area tion tion spent men
S. No. of ities Thro tation - Thro
(Yes/ of of for tation -
the Project in No) ugh ugh
the project the project the project Direct
sche Imple Imple
(in INR) (Yes/ No)
dule men men
VII ting ting Agency.
to Agency.
the Act
CSR Registra
State District Name
tion number
Pune
Clause Neuros
I- Prom ciences
Health oting Mahar 5,00, trust CSR0000
1. Yes Pune, No
Care Care inclu astra 000 and 3785
ding Preven Research Society
tive Health Care (Samav
edana)
Clause
I- Promo
Health Mahar 19,00, Prashanti Cancer CSR0000
2. ting Care inclu Yes Pune, No
Care astra 000 Care Mission 3976
ding Preven
tive Health Care
Clause VII- Promo

Maha 3,00, Abhinav Bindra CSR0000
3. Sports ting Olym Yes Pune, No
rastra 000 Foundation Trust 0144
pic Sports
87
Clause
II-Promo Gandh 13,25, Dehgam Taluka CSR000
4. Education No Gujarat No
ting Edu inagar, 000 Education Society 25678
cation
40,25,
Total
000
(d) Amount spent in Administrative Overheads: Not Applicable

(e) Amount spent on Impact Assessment, if applicable: Not Applicable
(f) Total amount spent for the Financial Year (8b+8c+8d+8e): INR 40,25,000
(g) Excess amount for set off, if any: INR 206
Sl. No. Particular Amount (in INR)
(i) Two percent of average net profit of the company as per section 135(5) 40,24,794
(ii) Total amount spent for the Financial Year 40,25,000
(iii) Excess amount spent for the financial year [(ii)-(i)] 206
Surplus arising out of the CSR projects or programmes or activities of the previous
(iv) NIL
financial years, if any
(v) Amount available for set off in succeeding financial years [(iii)-(iv)] 206
9. (a) Details of Unspent CSR amount for the preceding three financial years: NIL
Amount Amount
Amount transferred to Amount transferred to Amount transferred to
transferred to Amount spent remaining to be
Preceding any fund specified any fund specified any fund specified
Sl. Unspent CSR in the reporting spent in
Financial under Schedule VII as under Schedule VII as under Schedule VII as
No. Account under Financial Year succeeding
Year per section 135(6), if per section 135(6), if per section 135(6), if
section 135 (6) (in (in INR) financial years (in
any any any
INR) INR)
Name of the Fund Amount (in INR) Date of transfer
NIL
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding
financial year(s): Not Applicable
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Amount spent on the Cumulative amount Status of the

Financial Year in Total amount
Project Name of Project project in the spent at the end of project -
Sl. No. which the project allocated for the
ID the Project duration reporting Financial reporting Financial Completed
was commenced project (in INR)
Year (in INR) Year (in INR) /Ongoing
Not Applicable
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year: Not Applicable (asset-wise details).
(a) Date of creation or acquisition of the capital asset(s)- Not Applicable
(b) Amount of CSR spent for creation or acquisition of capital asset- Not Applicable
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.- Not Applicable
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset)- Not Applicable
11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5): Not Applicable
For and on behalf of The Board of Directors of
Desai Foods Private Limited
Sanjay J. Desai Sanjana S. Desai
DIN: 00140307 DIN- 08488556
Designation- Managing Director Designation- Whole-time Director
Place- Pune Place- Pune
Date- 29th September 2022 Date- 29th September 2022
Textual information (23): Disclosure manner in which amount CSR spent during financial year explanatory [Text
Block]
88
(a) Two percent of average net profit of the company as per section 135(5): INR 40,24,794
Total Amount
(in INR)

135(5) 135(5) 135(5)
Amo
unt trans
ferred to Un
Mode Mode
Amo Am Mode of of
Na the ount
ect to as
the Act per
ncy ncy
Sec
tion 135(6)
(in INR)
CSR Regis
State District Name
tration number
NA
(1) (2) (3) (4) (5) (5) (6) (7) (8) (8)
Item
from Mode
the of Mode
list imple of
Amo Mode
of men imple
sche Imple Imple
(in INR) (Yes/ No)
dule men men
to Agency.
the Act
CSR Registra
State District Name
tion number
89
Pune
Clause Neuros
I- Prom ciences
1. Yes Pune, No
edana)
Clause
I- Promo
ding Preven
tive Health Care
Clause VII- Promo

pic Sports
Clause
cation
40,25,
Total
000

(iv) NIL
90
[400100] Disclosure of general information about company

Disclosure of general information about company [Abstract]
Disclosure of company information [Abstract]
DESAI FOODS
PRIVATE
Name of company LIMITED
U15400PN2009P
Corporate identity number TC133749
Permanent account number of entity AADCD1299G
Atur Chambers,
3rd Floor,
Manisha Terrace
Soc. , 2A,
Moledina Road ,
Pune Pune Pune ,
MAHARASHTR
A , INDIA -
Address of registered office of company 411001
Commercial and
Type of industry Industrial
Whether company is listed company No
Disclosure of document information [Abstract]
Date of board meeting when final accounts were approved 29/09/2022
Date of start of reporting period 01/04/2021 01/04/2020
Date of end of reporting period 31/03/2022 31/03/2021
Nature of report standalone consolidated Standalone
Financial
Content of report Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Disclosure of other general information [Abstract]
Whether company is maintaining books of account and other relevant books and papers in electronic form Yes
Postal address of place of maintenance of computer servers (storing accounting data) [Abstract]
Atur Chambers,
3rd Floor,
Manisha Terrace
Soc., 2A,
Moledina Road,
Pune Pune Pune
Complete postal address of place of maintenance of computer servers (storing accounting data) MH 411001 IN
Name of city of place of maintenance of computer servers (storing accounting data) Pune
Name of state/ union territory of place of maintenance of computer servers (storing accounting data) Maharashtra
Pin code of place of maintenance of computer servers (storing accounting data) 411001
Name of district of place of maintenance of computer servers (storing accounting data) Pune
ISO country code of place of maintenance of computer servers (storing accounting data) IN
Name of country of place of maintenance of computer servers (storing accounting data) India
Phone (with STD/ ISD code) of place of maintenance of computer servers (storing accounting data) 02071004100
Disclosure of principal product or services [Table]

Types of principal product or services [Axis] A B C D
Period FY 2022
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [Line Items]
Product or service category (ITC 4 digit) code 2001 0910 1905 2103
MANUFACTURI MANUFACTURI
NG OF NG OF MANUFACTURI
PICKLES, BLENDED NG OF
CONDIMENTS SPICES, RTC MANUFACTURI CHUTNEY &
Description of product or service category AND PASTE ETC NG OF PAPADS SAUCES
Turnover of product or service category 13,176.99 3,179.53 2,826.26 2,822.54
Highest turnover contributing product or service (ITC 8 digit)
code 20019000 09109100 19059040 21039090
91
MANUFACTURI MANUFACTURI
NG OF NG OF MANUFACTURI
PICKLES, BLENDED NG OF
CONDIMENTS SPICES, RTC MANUFACTURI CHUTNEY &
Description of product or service AND PASTE ETC NG OF PAPADS SAUCES
Turnover of highest contributing product or service 13,006.78 3,126.07 2,826.26 2,524.11
92
[400200] Disclosures - Auditors report

Period FY 2022
Textual
Disclosure in auditor’s report explanatory [Text Block] Information (24)
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or contains adverse remarks Yes
Textual
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report Information (25)
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]

Auditor's Auditor's Clause not
favourable remark disclaimer remark applicable
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] [Member] [Member] [Member]
Period FY 2022
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors'
report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors'
report [Line Items]
a) The company is
maintaining
proper records
showing full
particulars
including
quantitative
details and
situation of its
Property, Plant
and Equipment
and Intangible
Disclosure in auditors report relating to fixed assets assets.
a) The company is
maintaining
proper records
showing full
particulars
including
quantitative
details and
situation of its
Property, Plant
and Equipment
and Intangible
Disclosure relating to quantitative details of fixed assets assets.
b) The Property,
Plant and
Equipment are
physically verified
by the
management at
reasonable
intervals and no
material
discrepancies
Disclosure relating to physical verification and material discrepancies of fixed were observed on
assets such verification.
Textual
Disclosure relating to title deeds of immovable properties Information (26)
Textual
Disclosure in auditors report relating to inventories Information (27)
Textual
Disclosure in auditors report relating to loans Information (28)
Disclosure about loans granted to parties covered under section 189 of companies As per Auditors
act Report
Textual
Disclosure relating to terms and conditions of loans granted Information (29)
93
c) In respect of
loans and
advances in the
nature of loans,
the schedule of
repayment of
principal and
payment of
interest has been
stipulated and the
repayments or
receipts are
Disclosure regarding terms of recovery of loans granted regular.
According to the
information
provided to us, in
respect of loans,
investments,
guarantees, and
security, the
relevant
provisions of
sections 185 and
186 of the
Companies Act
Disclosure in auditors report relating to compliance with Section 185 and 186 of have been
Companies Act, 2013 complied with.
Textual
Disclosure in auditors report relating to deposits accepted Information (30)
Textual
Disclosure in auditors report relating to maintenance of cost records Information (31)
Textual
Disclosure in auditors report relating to statutory dues [Text Block] Information (32)
Disclosure relating to regularity in payment of undisputed statutory dues [Text Textual
Block] Information (33)
Textual
Disclosure relating to disputed statutory dues [Text Block] Information (34)
As per Auditors
Disclosure in auditors report relating to default in repayment of financial dues Report
Disclosure in auditors report relating to public offer and term loans used for purpose Textual
for which those were raised Information (35)
Disclosure in auditors report relating to fraud by the company or on the company by Textual
its officers or its employees reported during period Information (36)
As per Auditors
Disclosure in auditors report relating to managerial remuneration Report
Textual
Disclosure in auditors report relating to Nidhi Company Information (37)
Textual
Disclosure in auditors report relating to transactions with related parties Information (38)
Disclosure in auditors report relating to preferential allotment or private placement Textual
of shares or convertible debentures Information (39)
Disclosure in auditors report relating to non-cash transactions with directors or Textual
persons connected with him Information (40)
Disclosure in auditors report relating to registration under section 45-IA of Reserve Textual
Bank of India Act, 1934 Information (41)
Details regarding auditors [Table]

Auditors [Axis] 1
Period FY 2022
Details regarding auditors [Abstract]
Details regarding auditors [Line Items]
Category of auditor Auditors firm
Suresh C. Shah &
Name of audit firm Co.
POORAV
Name of auditor signing report BHARAT SHAH
Firms registration number of audit firm 110664W
Membership number of auditor 113310
94
1-B/A,
Vivekanand Park,
3 Dr. Ambedkar
Road,Opp. Nehru
Memorial
Address of auditors Hall,Pune-411001
Permanent account number of auditor or auditor's firm ABCFS0019C
SRN of form ADT-1 R14209423
Date of signing audit report by auditors 29/09/2022
Date of signing of balance sheet by auditors 29/09/2022
Textual information (24): Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITORS` REPORT

To the Members of Desai Foods Private Limited
Report on the Financial Statements
Qualified Opinion
We have audited the accompanying Financial Statements of Desai Foods Private Limited (`the Company`), which comprise the Balance Sheet
as at March 31, 2022, the Statement of Profit and Loss, and the Statement of Cash Flows for the year then ended, and a summary of Significant
Accounting policies and other explanatory information (herein after referred to as `Financial Statements`).
In our opinion and to the best of our information and according to the explanations given to us, except for the possible effects of the matters
described in the Basis of Qualified Opinion paragraph, the aforesaid financial statements give the information required by the Act in the manner
so required and give a true and fair view in conformity with the accounting principles generally accepted in India including the Accounting
standard, of the state of affairs of the Company as at March 31, 2022, and its Profit & Loss and its Cash Flows for the year ended on that date.
Basis for Qualified Opinion
We conducted our audit of the financial 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 Àuditor`s Responsibilities for the Audit of the Financial Statements`
section of our report. We are independent of the Company in accordance with the `Code of Ethics` issued by the Institute of Chartered
Accountants of India together with the ethical requirements that are relevant to our audit of the financial 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
financial statements.
We draw the attention to the following:
The company`s obligation towards Gratuity, to the extent of Statutory limit, is entirely funded and the fund assets are managed by Life Insurance
Corporation of India through an irrevocable Group Gratuity Trust. The Company has made a provision for Gratuity based on demand, if any, from
the corporation, based on past withdrawal rates. For the financial year under review no provision in this regard is made as the overall fund assets
adequately cover the gratuity liability. This is not in consonance with the Accounting Standard 15 Employee Benefits.
In the absence of Actuarial Report in this regard, we cannot determine the effect of the non-compliance on the Taxes, Profits and Shareholder`s
funds of the company.
Further disclosures as required under the said Accounting Standard are not made.
Our audit report for the previous year ended March 31, 2021 was also qualified in respect of the matter above.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Financial Statements of the
current period. We have determined that there are no key audit matters to communicate in our report.
Information Other than the Financial Statements and Auditor`s Report Thereon
The Company`s Board of Directors is responsible for the other information. The other information comprises the information included in the
Annual report, but does not include the financial statements and our auditor`s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether such
other information is materially inconsistent with the Financial Statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Management`s responsibilities for the Financial Statements
The Company`s Management and Board of Directors are responsible for the matters stated in section 134(5) of the Act with respect to the
preparation of the Financial Statements that give a true and fair view of the state of affairs, Profit/Loss and Cash Flows of the Company in
accordance with the accounting principles generally accepted in India, including the Accounting Standards (AS) specified under section 133 of
the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the Financial Statements, Management is responsible for assessing the Company`s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to
95
liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are responsible for overseeing the Company`s financial reporting process.
Auditor`s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from Material Misstatement,
whether due to fraud or error, and to issue an Auditors` Report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, we exercise
professional judgment and maintain professional skepticism throughout the audit.
We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial
controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the
financial statements made by the Management and Board of Directors.
Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company`s
ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors` Report
to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our Auditors` Report. However, future events or conditions may cause the Company to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged
with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in internal control that we identify during our audit.
Materiality is the magnitude of Misstatements in the Financial Statements that, individually or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the Financial Statements may be influenced. We consider quantitative materiality and
qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any
identified misstatements in the financial statements.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of
the financial statements of the current period and are therefore the key audit matters.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor`s Report) Order, 2020 (`the Order`) issued by the Central Government of India in terms of section
143(11) of the Act, we give in the Annexure A, a statement on the matters specified in the Paragraph 3 and 4 of the Order.
2. As required by Section 143 (3) of the Act, we report that:
a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit;
b. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books;
c. The Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement and the Statement of Changes in Equity dealt with by this
Report agree with the books of account;
d. Except for the effects of the matters described in the Basis for Qualified Opinion paragraph above, in our opinion, the aforesaid AS
Financial Statements comply with the Accounting Standards specified under Section 133 of the Act, read with Companies Rules, 2015, as
amended;
e. On the basis of written representations received from the directors as on March 31, 2022, and taken on record by the Board of Directors,
none of the directors is disqualified as on March 31, 2022, from being appointed as a director in terms of Section 164(2) of the Act;
f. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of
such controls, refer to our separate report in Ànnexure B`; and
g. With respect to the other matters to be included in the Auditor`s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, as amended in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed Pending Litigation and its appropriate financial impact in the Notes to Accounts (see Note no 33)
ii. The company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses;
iii. There was no amount which were required to be transferred to the Investor Education and Protection Fund by the Company.
iv. (a) The management has represented that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts,
no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the
company to or in any other person(s) or entity(ies), including foreign entities (Ìntermediaries`), with the understanding, whether recorded in
writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner
96
whatsoever by or on behalf of the company (Ùltimate Beneficiaries`) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries;
(b) The management has represented that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, no funds
have been received by the company from any person(s) or entity(ies), including foreign entities (`Funding Parties`), with the understanding,
whether recorded in writing or otherwise, that the company shall, whether, directly or indirectly, lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the Funding Party (Ùltimate Beneficiaries`) or provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries; and
(c) Based on audit procedures which we considered reasonable and appropriate in the circumstances, nothing has come to our notice that has
caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement.
v. The company has not declared or paid any dividend during the year in contravention of the provisions of section 123 of the Companies
Act, 2013.
For Suresh C. Shah & Co.,
Chartered Accountants,
Firm Registration No.: 110664W
Poorav B. Shah
Partner
M. No. 113310
Place: Pune
Referred to in Report on Legal & Other regulatory requirements Paragraph of our report of even date
On the basis of the records produced to us for our verification/ perusal, such checks as we considered appropriate, and in terms of the
information & explanations given to us on our enquiry, we state that:
1) Fixed Assets
a) The company is maintaining proper records showing full particulars including quantitative details and situation of its Property, Plant and
Equipment and Intangible assets.
b) The Property, Plant and Equipment are physically verified by the management at reasonable intervals and no material discrepancies were
observed on such verification.
c) The title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly
executed in favour of the lessee), are held in the name of the company.
d) The company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the
year. Hence the provisions of clause 3(i) (d) about whether the revaluation is based on the valuation by a Registered Valuer and specification of
the amount of change, if change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment or
intangible asset are not applicable.
e) No proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and rules made thereunder. Hence appropriate disclosure of the same in the financial statements is not
applicable.
2) Inventory
a) Physical verification of inventory has been conducted at reasonable intervals by the management and, in our opinion, the coverage and
procedure of such verification by the management is appropriate; Further no discrepancies of 10% or more in the aggregate for each class of
inventory were noticed upon such physical verification.
b) At no time during the year the company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks
or financial institutions on the basis of security of current assets and hence reporting under clause 3(ii)(b) of the Order on whether the quarterly
returns or statements filed by the company with such banks or financial institutions are in agreement with the books of account of the Company is
not applicable.
3) Loans, investments and guarantees given
During the year the company has made investments but not granted loans or advances, in the nature of loans, secured or unsecured, to
companies, firms,Limited Liability Partnerships or any other parties. In this regard:
a) The aggregate amount during the year, and balance outstanding at the balance sheet date with respectto such loans or advances and
guarantees or security to subsidiaries, joint ventures and associates was NIL. Further the aggregate amount during the year, and balance
outstanding at the balance sheet date with respectto such loans or advances and guarantees or security to parties other than subsidiaries, joint
ventures and associates was Nil.
b) In our opinion and to the best of our knowledge, the investments made and the terms and conditions of the grant of all loans and advances
in the nature of loans and guarantees provided, if any, are not prejudicial to the company`s interests.
c) In respect of loans and advances in the nature of loans, the schedule of repayment ofprincipal and payment of interest has been stipulated
and the repayments or receipts areregular.
d) There are no overdue amounts with regards to loans given.
e) According to explanations given to us and to the best of our knowledge, no loan or advance in the nature of loan granted which has fallen
due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties.
f) The company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or
period of repayment. Hence reporting under clause 3(iii)(f) of the Order regarding details of such loans is not applicable.
97
Note: Above disclosures are for loans other than loans to employees which are recovered in monthly instalments and disclosures regarding
which are voluminous.
4) Compliance with provisions of section 185 and 186
According to the information provided to us, in respect of loans, investments, guarantees, and security, the relevant provisions of sections 185
and186 of the Companies Act have been complied with.
5) Public deposits
In our opinion & according to the information & explanations given to us, the company has accepted deposits only from its directors and their
relatives. In regard to these deposits the company is in compliance with the directives issued by the Reserve Bank of India and the provisions of
sections 73 to 76 or any other relevant provisions of the Companies Act and the rules made thereunder. Further no order has been passed in
this regard by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any other tribunal and hence
reporting of compliance thereof is not applicable.
6) Cost Records
As per the information & explanations given to us, the company is not required to maintain cost records under section 148 of the Companies Act
2013. Hence provision of clause 3 (vi) of the Order regarding maintenance of such records is not applicable.
7) Statutory Dues
a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing the undisputed statutory dues including goods and services tax, provident fund, employee`s state insurance, income tax,
sales tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues, as applicable, with the appropriate
authorities. According to the information and explanations given to us, no undisputed amounts payable in respect of above referred statutory
dues were in arrears at the year-end for a period of more than six months from the date they became payable.
b) According to the information and explanations given to us, the following statutory dues have not been deposited on account of a dispute.
Amount Period to which it

Statute Name Nature of Dues Forum where dispute is pending
(INR in Lacs) relates
Central Sales Tax Act Central Sale Tax 1.62 2003-04 Asst. Comm. Of sales tax (Appeals) Delhi
Central Sales Tax Act Central Sale Tax 0.06 2004-05 Joint Com. (Appeals), Kanpur
UP Trade Tax Act Trade Tax 1.06 2004-05 Joint Com. (Appeals), Kanpur
Income Tax Act, 1961 Income Tax 8.94 2015-16 Comm. of Income Tax (Appeals)
Commissioner of Central Tax (Appeals)

Finance Act. 1994 Service Tax 27.74 2017-18
Pune
8) Transactions surrendered or disclosed as income

There are no transactions which are not recorded in the books of account and have been surrendered or disclosed as income during the year in
the tax assessments under the Income Tax Act, 1961 (43 of 1961).
9) Loans or Borrowings taken
a) The company has not defaulted in the repayment of loans or borrowings from any lender or the interest thereon.
b) The company is not declared as a willful defaulter by any bank or financial institution or other lender.
c) The Term Loans availed by the company during the year under review has been utilised for the purpose for which it was availed.
d) No funds raised on short term basis have been utilised for long term purpose.
e) The company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or
joint ventures.
f) The company has neither raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate
companies nor has it defaulted in repayment of such loans.
10) Funds raised
a) No moneys were raised by the company by way of initial public offer or further public offer (including debtinstruments) during the year and
hence provisions of clause 3(x)(a) of the Order regarding application of such money are not applicable.
b) The company has not made any preferential allotment or private placement of shares orconvertible debentures (fully, partially or optionally
convertible) during the year and hence reporting under clause 3 (x)(b) regarding compliance with the requirements of section 42 and section 62
of the Companies Act, 2013 as well as application of funds so raised are not applicable.
11) Fraud
a) According to the information and explanation given to us & during the course of our examination of the books & records of the company,
carried out in accordance with the auditing standards generally accepted in India, we have not come across any instance of fraud by the
company or any fraud on the company.
b) No report under sub-section (12) of section 143 of the Companies Act has been filed by us in Form ADT-4 as prescribed under rule 13 of
Companies (Audit and Auditors) Rules, 2014 with the Central Government.
c) As represented to us by the management, there are no whistle blower complaints received by the company during the year.
12) Nidhi Company
The Company is not a Nidhi Company. Hence the provisions of clause 3 (xii) of the Order regarding compliance with the Net Owned Funds to
Deposits ratio of 1:20 to meet out the liability, maintaining ten per cent unencumbered term deposits as specified in the Nidhi Rules, 2014 to meet
out liability is not applicable and reporting on default in repayment of interest or dues are not applicable.
13) Related Party Transactions
98
Based on the information provided to us, we report that the transactions with related parties during the year under review are in compliance with
sections 177 and 188 of the Act to the extent applicable. Also, the same have been disclosed in the Financial Statements as required by the
applicable accounting standards.
14) Internal Audit
a) In our opinion and based on our examination, the companyhas an internal audit system commensurate with the size and nature of
itsbusiness.
b) Further the reports of the Internal Auditor for the period under Audit were duly considered by us.
15) Non-cash transactions
As per the information given to us and based on our verification we report that we have not come across any instances of the company entering
into any non-cash transaction with the directors or persons connected to them. Accordingly, provisions of clause 3 (xv) of the Order regarding
compliance with section 192 of the Act are not applicable to the company.
16) Registration with the Reserve Bank of India
a) Based on the explanations given to us, the company is not required to be registered under section 45-IA of the Reserve Bank of India Act,
1934.
b) The company has not conducted any Non-Banking Financial or Housing Finance activitieswithout a valid Certificate of Registration (CoR)
from the Reserve Bank of India as per theReserve Bank of India Act, 1934
c) The company is not a Core Investment Company (CIC) as defined in the regulations madeby the Reserve Bank of India and hence
reporting under clause 3(xvi)(c) of the Order on whether it continues to fulfil the criteria of a CIC, and in casethe company is an exempted or
unregistered CIC, whether it continues to fulfil such criteria is not applicable.
d) Based on the information provided to us, the Group has no CIC.
17) Cash losses
Based on audit checks performed by us we report that the company has not incurred cash losses in the financial year and in the immediately
preceding financial year.
18) Resignation of Statutory Auditors
There has not been any resignation of the statutory auditors during the year and hence reporting under clause 3 (xviii) of the Order on whether
we have taken into consideration the issues, objections or concerns raised by the outgoing auditors is not applicable.
19) Material Uncertainty for meeting of liabilities
On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other
information accompanying the financial statements, our knowledge of the Board of Directors and management plans, we are of the opinion that
no material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the date of balance
sheet as and when they fall due within a period of one year from the balance sheet date.
20) Unspent Funds under Corporate Social Responsibility
a) According to the explanations given to us, the company has no unspent amounts that are required to be transferred to a Fund specified in
Schedule VII to the Companies Act within a period of six months of the expiry of the financial year in compliance with second proviso to
sub-section (5) of section 135 of the said Act.
b) According to the explanations given to us, the company has no amount remaining unspent under sub-section (5) of section 135 of the
Companies Act, pursuant to any ongoing project, that is required to be transferred to special account in compliance with the provision of
sub-section (6) of section 135 of the said Act.
21) Adverse remarks of auditors
There were no qualifications or adverse remarks in the Companies (Auditors Report) Order (CARO) report of Elmac Agro `Mfg` Private Limited,
`the Subsidiary` included in the Consolidated Financial Statement of the company.
Poorav B. Shah
Partner
M. No. 113310
Place: Pune
Report on the Internal Financial Controls under Clause (i) of Sub-section of Section 143 of the Companies Act, 2013 (`the Act`)
We have audited the internal financial controls over financial reporting of DESAI FOODSPVT. LTD. (`the Company`) as of March 31, 2022 in
conjunction with our audit of the standalone AS financial statements of the Company for the year ended on that date.
Management`s Responsibility for Internal Financial Controls
The Company`s management is responsible for establishing and maintaining internal financial controls based on financial reporting criteria
established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial
Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India`. These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to company`s policies, the safeguarding of its assets, the prevention and detection of frauds and
errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under
the Companies Act, 2013.
99
Auditors` Responsibility
Our responsibility is to express an opinion on the Company`s internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the `Guidance Note`) and the
Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable
to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor`s judgement, including the
assessment of the risks of material misstatement of the standalone AS financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company`s
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls Over Financial Reporting
A company`s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company`s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company`s assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over
financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal
financial controls over financial reporting were operating effectively as at March 31, 2022, based on financial reporting criteria established by the
Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants of India.
Poorav B. Shah
Partner
M. No. 113310
Place: Pune
Textual information (25): Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
The company's obligation towards gratuity, to the extent of statutory limit, is entirely funded and the fund assets are managed by Life Insurance
adequately cover the gratuity liability. This is not in consonance with the Accounting Standard 15 Employee Benefits. In the absence of actuarial
report in this regard, we cannot determine the effect of the non-compliance on the taxes, profits and shareholder's funds of the company. Further
disclosures as required under the said Accounting Standard are not made. Our audit report for the previous year ended March 31, 2021 was also
qualified in respect of the matter above.
Textual information (26): Disclosure relating to title deeds of immovable properties
c) The title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly
executed in favour of the lessee), are held in the name of the company.
Textual information (27): Disclosure in auditors report relating to inventories
100
a) Physical verification of inventory has been conducted at reasonable intervals by the management and, in our opinion, the coverage and
procedure of such verification by the management is appropriate; Further no discrepancies of 10% or more in the aggregate for each class of
inventory were noticed upon such physical verification. b) At no time during the year the company has been sanctioned working capital limits in
excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets and hence reporting under
clause 3(ii)(b) of the Order on whether the quarterly returns or statements filed by the company with such banks or financial institutions are in
agreement with the books of account of the Company is not applicable.
Textual information (28): Disclosure in auditors report relating to loans
During the year the company has made investments but not granted loans or advances, in the nature of loans, secured or unsecured, to
companies, firms, Limited Liability Partnerships or any other parties. In this regard: a) The aggregate amount during the year, and balance
outstanding at the balance sheet date with respect to such loans or advances and guarantees or security to subsidiaries, joint ventures and
associates was NIL. Further the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans
or advances and guarantees or security to parties other than subsidiaries, joint ventures and associates was Nil. b) In our opinion and to the best
of our knowledge, the investments made and the terms and conditions of the grant of all loans and advances in the nature of loans and
guarantees provided, if any, are not prejudicial to the company's interests. c) In respect of loans and advances in the nature of loans, the
schedule of repayment of principal and payment of interest has been stipulated and the repayments or receipts are regular. d) There are no
overdue amounts with regards to loans given. e) According to explanations given to us and to the best of our knowledge, no loan or advance in
the nature of loan granted which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of
existing loans given to the same parties. f) The company has not granted any loans or advances in the nature of loans either repayable on
demand or without specifying any terms or period of repayment. Hence reporting under clause 3(iii)(f) of the Order regarding details of such loans
is not applicable. Note: Above disclosures are for loans other than loans to employees which are recovered in monthly instalments and
disclosures regarding which are voluminous.
Textual information (29): Disclosure relating to terms and conditions of loans granted
b) In our opinion and to the best of our knowledge, the investments made and the terms and conditions of the grant of all loans and advances in
the nature of loans and guarantees provided, if any, are not prejudicial to the company's interests.
Textual information (30): Disclosure in auditors report relating to deposits accepted
In our opinion & according to the information & explanations given to us, the company has accepted deposits only from its directors and their
relatives. In regard to these deposits the company is in compliance with the directives issued by the Reserve Bank of India and the provisions of
sections 73 to 76 or any other relevant provisions of the Companies Act and the rules made thereunder. Further no order has been passed in this
regard by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any other tribunal and hence
reporting of compliance thereof is not applicable.
Textual information (31): Disclosure in auditors report relating to maintenance of cost records
As per the information & explanations given to us, the company is not required to maintain cost records under section 148 of the Companies Act
2013. Hence provision of clause 3 (vi) of the Order regarding maintenance of such records is not applicable.
Textual information (32): Disclosure in auditors report relating to statutory dues [Text Block]
a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing the undisputed statutory dues including goods and services tax, provident fund, employee's state insurance, income tax,
sales tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues, as applicable, with the appropriate
authorities. According to the information and explanations given to us, no undisputed amounts payable in respect of above referred statutory
dues were in arrears at the year-end for a period of more than six months from the date they became payable.
Textual information (33): Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]
As per Auditors Report
Textual information (34): Disclosure relating to disputed statutory dues [Text Block]
a) According to the information and explanations given to us, the following statutory dues have not been deposited on account of a dispute.
Amount Period to which it

Statute Name Nature of Dues Forum where dispute is pending
(INR in Lacs) relates
Central Sales Tax Act Central Sale Tax 1.62 2003-04 Asst. Comm. Of sales tax (Appeals) Delhi
Central Sales Tax Act Central Sale Tax 0.06 2004-05 Joint Com. (Appeals), Kanpur
101
UP Trade Tax Act Trade Tax 1.06 2004-05 Joint Com. (Appeals), Kanpur
Income Tax Act, 1961 Income Tax 8.94 2015-16 Comm. of Income Tax (Appeals)
Commissioner of Central Tax (Appeals)

Finance Act. 1994 Service Tax 27.74 2017-18
Pune
Textual information (35): Disclosure in auditors report relating to public offer and term loans used for purpose for
which those were raised
a) No moneys were raised by the company by way of initial public offer or further public offer (including debt instruments) during the year and
hence provisions of clause 3(x)(a) of the Order regarding application of such money are not applicable. b) The company has not made any
preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year and hence
reporting under clause 3 (x)(b) regarding compliance with the requirements of section 42 and section 62 of the Companies Act, 2013 as well as
application of funds so raised are not applicable.
Textual information (36): Disclosure in auditors report relating to fraud by the company or on the company by its
officers or its employees reported during period
a) According to the information and explanation given to us & during the course of our examination of the books & records of the company,
carried out in accordance with the auditing standards generally accepted in India, we have not come across any instance of fraud by the
company or any fraud on the company. b) No report under sub-section (12) of section 143 of the Companies Act has been filed by us in Form
ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government. c) As represented to us by the
management, there are no whistle blower complaints received by the company during the year.
Textual information (37): Disclosure in auditors report relating to Nidhi Company
The Company is not a Nidhi Company. Hence the provisions of clause 3 (xii) of the Order regarding compliance with the Net Owned Funds to
Deposits ratio of 1:20 to meet out the liability, maintaining ten per cent unencumbered term deposits as specified in the Nidhi Rules, 2014 to meet
out liability is not applicable and reporting on default in repayment of interest or dues are not applicable.
Textual information (38): Disclosure in auditors report relating to transactions with related parties
Based on the information provided to us, we report that the transactions with related parties during the year under review are in compliance with
sections 177 and 188 of the Act to the extent applicable. Also, the same have been disclosed in the Financial Statements as required by the
applicable accounting standards.
Textual information (39): Disclosure in auditors report relating to preferential allotment or private placement of shares
or convertible debentures
a) No moneys were raised by the company by way of initial public offer or further public offer (including debt instruments) during the year and
hence provisions of clause 3(x)(a) of the Order regarding application of such money are not applicable. b) The company has not made any
preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year and hence
reporting under clause 3 (x)(b) regarding compliance with the requirements of section 42 and section 62 of the Companies Act, 2013 as well as
application of funds so raised are not applicable.
Textual information (40): Disclosure in auditors report relating to non-cash transactions with directors or persons
connected with him
xv. As per the information given to us and based on our verification we report that we have not come across any instances of the company
entering into any non-cash transaction with the directors or persons connected to him. Accordingly, provisions of clause 3 (xv) of the Order
regarding compliance with section 192 of the Act are not applicable to the company.
Textual information (41): Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of
India Act, 1934
a) Based on the explanations given to us, the company is not required to be registered under section 45-IA of the Reserve Bank of India Act,
1934. b) The company has not conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration
(CoR) from the Reserve Bank of India as per the Reserve Bank of India Act, 1934 c) The company is not a Core Investment Company (CIC) as
defined in the regulations made by the Reserve Bank of India and hence reporting under clause 3(xvi)(c) of the Order on whether it continues to
102
fulfil the criteria of a CIC, and in case the company is an exempted or unregistered CIC, whether it continues to fulfil such criteria is not
applicable. d) Based on the information provided to us, the Group has no CIC.
103
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table]

Directors signing financial statements [Axis] 1 2
Period FY 2022
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [Line Items]
Name of director signing financial statements [Abstract]
First name of director SANJAY SANJANA
Middle name of director JASUBHAI SANJAY
Last name of director DESAI DESAI
Managing Wholetime
Designation of director Director Director
Director identification number of director 00140307 08488556
Date of signing of financial statements by director 29/09/2022 29/09/2022
104
[400400] Disclosures - Directors report

Period FY 2022
Textual
Disclosure in board of directors report explanatory [Text Block] Information (42)
Textual
Description of state of companies affair Information (43)
Disclosure relating to amounts if any which is proposed to carry to any reserves Not applicable
With a view to
conserve
resources of the
Company, the
Board of Directors
do not recommend
any dividend for
the year under
Disclosures relating to amount recommended to be paid as dividend review.
Textual
Details regarding energy conservation Information (44)
Textual
Details regarding technology absorption Information (45)
Textual
Details regarding foreign exchange earnings and outgo Information (46)
Textual
Disclosures in director’s responsibility statement Information (47)
Textual
Details of material changes and commitment occurred during period affecting financial position of company Information (48)
Textual
Particulars of loans guarantee investment under section 186 [Text Block] Information (49)
Textual
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block] Information (50)
Textual
Disclosure of extract of annual return as provided under section 92(3) [Text Block] Information (51)
Textual
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block] Information (52)
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other matters Textual
provided under section 178(3) [Text Block] Information (53)
Textual
Disclosure of statement on development and implementation of risk management policy [Text Block] Information (54)
Details on policy development and implementation by company on corporate social responsibility initiatives taken during year Textual
[Text Block] Information (55)
Textual
Disclosure of financial summary or highlights [Text Block] Information (56)
Textual
Disclosure of change in nature of business [Text Block] Information (57)
Textual
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block] Information (58)
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during year Textual
Textual
Details relating to deposits covered under chapter v of companies act [Text Block] Information (60)
Textual
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block] Information (61)
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status and Textual
company’s operations in future [Text Block] Information (62)
Textual
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block] Information (63)
Textual
Disclosure of appointment and remuneration of managerial personnels [Text Block] Information (64)
Disclosure of composition of audit committee and non-acceptance of any recommendation of audit committee along with reasons Textual
Textual
Disclosure of details of establishment of vigil mechanism [Text Block] Information (66)
Number of meetings of board [INR] 4.00
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)
105
Material contracts/arrangements/transactions at arm's length basis

[Axis] A B C D
Period FY 2022
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
length basis [Line Items]
Elmac Agro 'Mfg' Elmac Agro 'Mfg' Sanjana Sanjay
Name of related party Pvt Ltd Pvt Ltd Sanjay J. Desai Desai
Key managerial Key managerial
Subsidiary Subsidiary personnel or his personnel or his
Nature of related party relationship company company relative relative
Description of nature of material Purchase of food Sale of food Salaries, Bonus &
contracts/arrangements/transactions with related party product product Rent Paid Perquisites
Duration of material contracts/arrangements/transactions with As per Terms &
related party On going On going On going Condition

Material contracts/arrangements/transactions at arm's length basis
[Axis] E F G H
Period FY 2022
length basis [Abstract]
length basis [Line Items]
Prisha Sanjay Elmac Agro 'Mfg' Elmac Agro 'Mfg'
Name of related party Desai Pvt Ltd Sanjay J. Desai Pvt Ltd
Key managerial Key managerial
personnel or his Subsidiary personnel or his Subsidiary
Nature of related party relationship relative company relative company
Guarantee given
Description of nature of material Salaries, Bonus & on behalf of Salaries, Bonus & Balance
contracts/arrangements/transactions with related party Perquisites Company Perquisites payable/receivable
Duration of material contracts/arrangements/transactions with As per Terms & As per Terms & As per Terms &
related party Condition Condition Condition On going

Material contracts/arrangements/transactions at arm's length basis [Axis] I
Period FY 2022
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [Line Items]
Name of related party Sanjay J. Desai
Key managerial
personnel or his
Nature of related party relationship relative
Balance
receivable
Description of nature of material contracts/arrangements/transactions with related party (Deposit)
Duration of material contracts/arrangements/transactions with related party On going
Particulars of holding, subsidiary and associate companies [Table]

Particulars of companies [Axis] A
Period FY 2022
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [Line Items]
(A) ELMAC
AGRO 'MFG'
PRIVATE
Name of company LIMITED
PLOT NO. 2815
& 2816, MOUZA
KALACHARA
P.S. & P.O.CHA
NDITALA,
HOOGHLY WB
Address of company 712702 IN
106
Country of incorporation of company India

U63022WB2003P
CIN of company TC096464
Type of company Private
Percentage of shares held 100.00%
Footnotes
(A) Subsidiary Company
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] A B C D
Period FY 2022
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [Line Items]
PRISHA RANNA
SANJAY DESAI, SANJAY DESAI,
SANJAYBHAI SANJAYBHAI SANJAY
JASUBHAI KINNA JASUBHAI JASUBHAI
Shareholder’s name DESAI (HUF) YOGESH PATEL DESAI DESAI
Total number of shares held at end of period [shares] 300,000 [shares] 385,051 [shares] 71,878 [shares] 97,862
Percentage of total shares held at end of period 16.68% 21.41% 4.00% 5.44%

Promoters [Axis] E F G H
Period FY 2022
NIRUPAMABEN
DESAI WILL JHD WILL
SANJANA SANJANA
PRISHA TRUST PRISHA TRUST
- SANJAY - SANJAY
SANJANA JASUBHAI JASUBHAI
SANJAY DESAI, DESAI, SANJAY DESAI,
SANJAYBHAI RANNABEN JASUBHAI RANNABEN
JASUBHAI SANJAYBHAI DESAI, RANNA SANJAYBHAI
Shareholder’s name DESAI DESAI SANJAY DESAI DESAI

Promoters [Axis] I J K L
Period FY 2022
PRISHA SANJANA
FAMILY TRUST FAMILY TRUST
GANESHAI - SANJAY - SANJAY
FAMILY TRUST JASUBHAI JASUBHAI HARIOM
- SANJAY DESAI, DESAI, FAMILY TRUST
JASUBHAI RANNABEN RANNABEN - SANJAY
DESAI, SANJAYBHAI SANJAYBHAI JASUBHAI
RANNABEN DESAI, DESAI, DESAI,
SANJAY DESAI, MUKESH MUKESH RANNABEN
KINNA MANGALBHAI MANGALBHAI SANJAYBHAI
Shareholder’s name YOGESH PATEL PATEL PATEL DESAI
107
Promoters [Axis] M N
Period FY 2022
SANJAY DESAI
FAMILY
TRUST-
SANJAY
JASUBHAI
SANSPRI DESAI, RANNA
FOODS AND SANJAY DESAI,
INVESTMENTS MUKESH MAN
PRIVATE AGALBHAI
Shareholder’s name LIMITED PATEL
Total number of shares held at end of period [shares] 0 [shares] 25,000
Percentage of total shares held at end of period 0.00% 1.39%
Details of change in promoters’ shareholding [Table] ..(1)

Promoters [Axis] A B C D
Change in shareholding [Axis] Shareholding [Member]
Period FY 2022
Details of change in promoters’ shareholding [Abstract]
Details of change in promoters’ shareholding [Line Items]

Promoters [Axis] E F G H
Period FY 2022

Promoters [Axis] I J K L
Period FY 2022

Promoters [Axis] M N
Period FY 2022
Total number of shares held at end of period [shares] 0 [shares] 25,000
Percentage of total shares held at end of period 0.00% 1.39%
Details of indebtedness of company [Table] ..(1)

Indebtedness [Axis] Indebtedness [Member] Secured loans excluding deposits [Member]
Period FY 2022 FY 2021 FY 2022 FY 2021
Details of indebtedness of company [Abstract]
Details of indebtedness of company [Line Items]
Changes in indebtedness [Abstract]
Addition in indebtedness 18,401.66 11.66
108
Reduction in indebtedness 21.88 21.88

Total changes in indebtedness 18,379.78 -10.22
Principal amount at end of financial year 18,470.87 91.09 80.87 91.09
Interest due but not paid at end of financial year 0 0 0 0
Interest accrued but not due at end of financial year 0 0 0 0
Total indebtedness at end of financial year 18,470.87 91.09 80.87 91.09
Details of indebtedness of company [Table] ..(2)

Indebtedness [Axis] Unsecured loans [Member]
Details of indebtedness of company [Abstract]
Details of indebtedness of company [Line Items]
Changes in indebtedness [Abstract]
Addition in indebtedness 18,390
Reduction in indebtedness 0
Total changes in indebtedness 18,390
Principal amount at end of financial year 18,390 0
Interest due but not paid at end of financial year 0 0
Interest accrued but not due at end of financial year 0 0
Total indebtedness at end of financial year 18,390 0
Details regarding auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Table]
Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Axis] 01
Period FY 2022
Details regarding auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Abstract]
Details regarding auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Line Items]
Textual
Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report Information (67)
Observation made
by the auditors in
their report are
suitably dealt with
in the notes to the
financial
statements, which
are
Directors' comment on auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report self-explanatory.
Details of directors signing board report [Table]

Directors signing board report [Axis] 1 2
Period FY 2022
Details of signatories of board report [Abstract]
Details of directors signing board report [Line Items]
Name of director signing board report [Abstract]
First name of director SANJANA SANJAY
Middle name of director SANJAY JASUBHAI
Last name of director DESAI DESAI
Wholetime Managing
Designation of director Director Director
Director identification number of director 08488556 00140307
Date of signing board report 29/09/2022 29/09/2022
Textual information (42): Disclosure in board of directors report explanatory [Text Block]
BOARD`S REPORT
To,
The Shareholders,
We have pleasure in presenting the 13th Annual Report on the business and operations of the Company and the audited accounts for the
Financial Year ended March 31, 2022.
1. FINANCIAL RESULTS:
The Company`s financial performance for the year under review, along with previous year`s figures are given hereunder:
(Amt. in INR Lakh)
109
Particulars Standalone Standalone Consolidated
31st March 2022 31st March 2021 31st March 2022
Revenue from Operations 25,666.52 25,807.09 25,850.07
Profit before Depreciation & Finance cost 3,231.76 4378.29 3,373.28
Less: Depreciation 841.78 918.20 891.71
Finance Cost 14.17 11.66 14.24
Profit Before Tax 2,375.81 3448.43 2,467.33
Less: Current Tax 685.00 940.00 712.80
Deferred Tax (72.24) (48.97) (74.31)
Prior Period Tax (85.12) (11.68) (90.57)
Profit After Tax 1,848.17 2569.07 1,919.41
Earning Per Equity Share (Basic) INR 102.76 46.16 106.72
Earning Per Equity Share (Diluted) INR 102.76 46.16 106.72
2. BUSINESS REVIEW:
The Revenue from Operations during the year was INR 25,666.52 Lakh as against INR 25,807.09Lakh in the previous year. The profit was at
INR 1,848.17 Lakh against profit of INR 2569.07 Lakh in the previous year.
The Company`s portfolio includes brands such as Mother`s Recipe, Dabee, Elmac and Spread On.
Your Company manufactures and sells Pickles, Papads, Chutneys, Pastes, Ready to Eat, Ready to Cook, Instant Mixes, Mayonnaise, and other
food products.
The Company exports its products to over 40 countries. During the year under review the exports were at INR 8676.32 Lakhs against INR
9320.80Lakhs in the previous year.
3. AMALGAMATION OF WHOLLY OWNED SUBSIDIARY AND HOLDING COMPANY:
The petition no C.P.(CAA)-101/2021 in relation to Scheme of Amalgamation (Merger by Absorption) and Arrangement involving Amalgamation of
Sanspri Foods & Investments Private Limited (CIN: U15549PN2019PTC184941) (`SFIPL` or `Transferor Company 1`), and Amarkantak Foods
Private Limited (CIN: U15400PN2014PTC173442) (ÀFPL` or `Transferor Company 2`) with Desai Foods Private Limited, (CIN:
U15400PN2009PTC133749) (`DFPL` or `Transferee Company`) was approved by the Hon`ble National Company Law Tribunal (Mumbai
Bench) vide Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022.
4. CHANGES IN SHARE CAPITAL:
During the year under review, below mentioned changes were made in the Share Capital of the Company:
CONSOLIDATION OF AUTHORISED SHARE CAPITAL
As per clause 14 of the Scheme of Amalgamation (Case no C.P.(CAA)- 101/2021) duly sanctioned by Hon`ble National Company Law Tribunal,
Mumbai Bench vide Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022, the Authorised Share
Capital of Sanspri Foods & Investments Private Limited (Transferor Company 1) and Amarkantak Foods Private Limited (Transferor Company 2)
were consolidated with the Authorised Share Capital of Desai Foods Private Limited (Transferee Company).
Following table shows the details of Pre and Post-Merger Authorised Share Capital of all the Company: -
Preference Share
Sr. No. Particulars Equity Share Capital Total (INR)
Capital
Pre-Merger Authorised Share Capital
Sanspri Foods & Investments Private Limited

1 5,00,000 Nil 5,00,000
(SFIPL)
2 Amarkantak Foods Private Limited (AFPL) 5,00,00,000 Nil 5,00,00,000
3 Desai Foods Private Limited (DFPL) 6,60,00,000 90,00,000 7,50,00,000
Post-Merger Authorised Share Capital
1 Desai Foods Private Limited (DFPL) 11,65,00,000 90,00,000 12,55,00,000
CANCELLATION OF PART OF THE EXISTING PAID UP EQUITY SHARE CAPITAL

Pursuant to clause 12 of the Scheme of Amalgamation (Case no C.P.(CAA)-101/2021) duly sanctioned by Hon`ble National Company Law
Tribunal, Mumbai Bench vide Order No. CP (CAA) 101 of 2021 Connected With CA (CAA) 1112 of 2020 dated March 31, 2022, there was
cancellation of 37,67,326 (Thirty Seven Lakhs Sixty Seven Thousand Three Hundred and Twenty-Six) no. of Existing Paid Up Equity Shares of
Desai Foods Private Limited (Transferee Company) held by Sanspri Foods & Investments Private Limited (Transferor Company 1).
Following table shows the details of Paid-up Equity Shares of Desai Foods Private Limited after giving the effect of events held pursuant to the
Scheme of Amalgamation: -
110
No. of Paid up Equity Shares at the beginning of

Cancellation of Equity Shares No. of Paid up Equity Shares at end of the Year
the Year
(B) (C=A-B)
(A)
55,65,946 (37,67,326) 17,98,620
Further, the Company has neither allotted any sweat equity or bonus shares or any shares under the employee stock option plan nor has bought
back any shares or securities.
5. DIVIDEND:
With a view to conserve resources of the Company, the Board of Directors do not recommend any dividend for the year under review.
6. RESERVES:
The Company has not transferred any amount of Profits to the General Reserve. An amount of INR 1,848.17 Lakh is proposed to be retained in
the Statement of Profit and Loss.
7. CHANGE IN THE NATURE OF BUSINESS:
There has been no change in the business of the Company during the financial year ended 31st March, 2022.
8. ANNUAL RETURN:
The extract of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and Administration)
Rules, 2014, is furnished in Annexure-I and is attached to this Report.
9. NUMBER OF MEETINGS OF THE BOARD:
As per the General Circular No. 08/2021 dated 03rd May 2021, MCA has clarified that the requirement of holding Board Meetings within the
interval of 120 days as prescribed u/s 173, stands extended to 180 days in respect of the first two quarters of FY 2021-22, in view of COVID 19
pandemic.
The Board of Directors met 4 (Four) times during the year under review, on 2nd September 2021, 29th December 2021, 21st February 2022 and
23rd March 2022. Notices of the Meeting with agenda along with necessary details were sent to the Directors on time.
Following are the details with respect to Board Meeting attendance by each Director.
S. No. Date of Board Meeting Attendance Attendance Attendance Attendance
S. Padma
Sanjay Desai Sanjana Desai Mukesh Patel
nabhan
1 02-09-2021 Present Present Present Present
3 21-02-2022 Present Present Present Absent
10. CHANGE IN THE COMPOSITION OF THE BOARD:

During the year under review, there were no changes in the composition of the Board.
11. MATERIAL EVENTS OCCURRED AFTER CLOSURE OF FINANCIAL YEAR:
ALLOTMENT OF NEW EQUITY SHARES
Pursuant to clause 11 of the Scheme of Amalgamation (Case no C.P.(CAA)-101/2021) duly sanctioned by Hon`ble National Company Law
Tribunal, Mumbai Bench vide Order No. CP (CAA) 101 of 2021 Connected With CA (CAA) 1112 of 2020 dated March 31, 2022,135new Equity
Shares were allotted to the equity shareholders of Sanspri Foods & Investment Pvt. Ltd. (Transferor Company 1) in the Share Swap ratio of
1:0.0135 vide Resolution Passed in the Board Meeting dated 13th April 2022.
Following table shows the detail of Paid-up Equity Shares of Desai Foods Private Limited after giving effect of Allotment of New Equity Shares
pursuant to Scheme of Amalgamation: -
No. of Paid up Equity Shares as on 1st April 2022 Allotment of New Equity shares Total No. of Paid up Equity Shares after Allotment
(A) (B) (C=A-B)
17,98,620 135 17,98,755
12. DISQUALIFICATION OF DIRECTORS:

None of the Directors of the Company have incurred any disqualification on account of non-compliance with any of the provisions of the
Companies Act, 2013.
13. DIRECTORS` RESPONSIBILITY STATEMENT:
Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors of your Company, to the best of their knowledge and ability,
confirm that:
(a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to
material departures;
(b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the Profit of the
Company for that period;
(c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities;
(d) the Directors have prepared the annual accounts on a going concern basis;
111
(e) the Directors have laid down proper Internal Financial Controls and Systems which are adequate and are operating effectively;
(f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate
and operating effectively.
14. SECRETARIAL AUDITOR:
Section 204 of the Companies Act, 2013 regarding attachment of Secretarial Auditor`s Report is not applicable to the Company.
15. COST AUDITORS:
Pursuant to Companies (Cost Record & Audit) Amendment Rules 2014, the Provisions of Cost Audit are not applicable to the company.
16. MAINTENANCE OF COST AUDIT REPORT:
The Company was not required to maintain Cost Records as specified by the Central Government under sub-section (1) of section 148 of the
Companies Act, 2013.
17. SECRETARIAL STANDARDS:
The Company has devised proper systems to ensure compliance with respect to all the applicable Secretarial Standards issued by the Institute of
Company Secretaries of India (ICSI) under the provisions of Section 118(10) of the Companies Act, 2013. The Board hereby reports that all the
compliances in this regard have been complied with.
18. PARTICULARS OF LOANS GIVEN, INVESTMENT MADE, GUARANTEES GIVEN AND SECURITY PROVIDED:
The company has complied with the provisions of Section 186 of the Companies Act, 2013 during the year ended March 31, 2022.
19. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES UNDER SECTION 188(1) OF COMPANIES
ACT, 2013:
During the financial year under review there has been Related Party Transactions made by the Company with Promoters, Directors, Subsidiary
Company, Key Managerial Personnel or other Designated persons which does not have any potential conflict with the interest of the Company at
large. Further Form No. AOC-2 is annexed herewith as Annexure-II. Details of Related Party Transactions as required to be disclosed under
Accounting Standard-18 on `Related Party Disclosures` specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules, 2014, are given in Note No. 29 to the Financial Statements.
20. DISCLOSURE ON ADEQUACY OF INTERNAL FINANCIAL CONTROLS:
Internal financial controls with reference to Financial Statements were adequate and operating effectively.
21. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
The information required pursuant to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules,
2014, pertaining to Conservation of Energy, Technology Absorption and Foreign Exchanges Earnings and Outgo is given in Ànnexure-III` to this
report.
Further, Company has implemented Plastic Waste Management and is a registered brand owner with the Central Pollution Control Board of
India. Company follows all International & Domestic requirements regarding approved and specified Plastic to be used for food packaging.
Company has recycled approx. 300MT of Plastic during the year under review and is planning to recycle approx. 400 MT of Plastic in current
Financial Year.
22. DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:
The Company has taken and ensured all the necessary care with respect to threats which may affect the existence of the Company. Further, a
Risk Management Policy in this regard was approved in the Board Meeting held on 29th December 2021.
23. CORPORATE SOCIAL RESPONSIBILITY INITIATIVE:
Pursuant to the provisions of Section 135 of the Companies Act, 2013, read with the Companies (Corporate Social Responsibility), Rules, 2014,
your Company has established Corporate Social Responsibility (`CSR`) Committee and an Annual Report on CSR Activities, forming an integral
part of the Directors` Report is set out in Ànnexure IV`
24. COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING
THE YEAR:
During the period under review, pursuant to Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022
received from the Hon`ble National Company Law Tribunal, Mumbai Bench in the matter of Scheme of Amalgamation (Case no C.P.(CAA)-
101/2021) Sanspri Foods & Investments Private Limited (CIN: U15549PN2019PTC184941) and Amarkantak Foods Private Limited (CIN:
U15400PN2014PTC173442) ceases to be the Holding and Subsidiary companies respectively.
25. SUBSIDIARIES, JOINT VENTURES & ASSOCIATE COMPANIES AND THEIR FINANCIAL PERFORMANCE:
Pursuant to Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022 received from the Hon`ble National
Company Law Tribunal, Mumbai Bench in the matter of Scheme of Amalgamation (Case no C.P.(CAA)- 101/2021), Sanspri Foods & Investment
Private Limited (Transferor Company 1) and Amarkantak Foods Private limited (Transferor Company 2) has been amalgamated into Desai
Foods Private Limited (Transferee Company). Consequent to Amalgamation Order, the Company has only one 100% Subsidiary Company i.e
Elmac Agro `MFG` Private Limited, as on March 31, 2022.
ELMAC AGRO `MFG` PVT. LTD.
A 100% subsidiary of the Company had turnover of INR 594.18 Lakhs in F.Y. 2021-22 against INR 669.58 Lakhs in the previous year. The
Company made profit of INR 71.25 Lakhs as against profit of INR 98.43 Lakhs in the previous year.
Pursuant to provisions of first proviso of sub-section (3) of Section 129 of the Companies Act, 2013, a Statement containing salient features of
the Financial Statement of its Subsidiaries and Associate Company in Form No. AOC-1 Ànnexure V` is attached to the Financial Statement.
26. DEPOSITS:
During the year under review, your Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act,
2013, read with the Companies (Acceptance of Deposits) Rules, 2014 (including any statutory modification(s) or re-enactment(s) for the time
being in force).
27. DETAILS OF FRAUDS:
112
There were no frauds noticed/ detected/ reported by the Auditors as required under Section 143(12) of the Companies Act, 2013.
28. DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES:
Provisions of Section 177 of the Companies Act, 2013, regarding establishment of Vigil Mechanism are not applicable to the Company.
29. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL)
ACT, 2013:
The company has taken and opted all safety measures towards Security of the Woman at workplace related to Prohibition of Sexual Harassment.
In this regard, a detailed policy on `Prevention of Sexual Harassment` was approved by the board in its meeting held on 29th December 2021.
Further, During the year under review, no case was filed pursuant to the Sexual Harassment of Women at Workplace (prevention, prohibition &
redressal) Act, 2013.
30. AUDITORS` REPORT:
QUALIFICATION
The company`s obligation towards gratuity, to the extent of statutory limit, is entirely funded and the fund assets are managed by Life Insurance
adequately cover the gratuity liability. This is not in consonance with the Accounting Standard 15 Employee Benefits.
In the absence of actuarial report in this regard, we cannot determine the effect of the non-compliance on the taxes, profits and shareholder`s
funds of the company. Further disclosures as required under the said Accounting Standard are not made.
Our audit report for the previous year ended March 31, 2021 was also qualified in respect of the matter above.
MANAGEMENT`S REPLY
Observation made by the auditors in their report are suitably dealt with in the notes to the financial statements, which are self-explanatory.
31. STATUTORY AUDITORS`
In the Annual General Meeting of the Company held November 15, 2019, M/s. Suresh C. Shah & Company, Chartered Accountants, Pune (Firm
Registration No. 110664W) were appointed as the Statutory Auditor of the Company for the period of five years starting from FY 2019-20 till the
conclusion of Annual General Meeting to be held for the FY 2023-24. There has been no change in Statutory Auditor of the Company.
32. DISCLOSURE OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016:
The Company has not made any application and there are no proceedings pending under Insolvency and Bankruptcy Code, 2016 during the year
under review.
33. VALUATION FOR ONE TIME SETTLEMENT WITH BANK AND FINANCIAL INSTITUTION:
There being no One-time Settlement hence this is not applicable to the Company.
34. ACKNOWLEDGEMENT:
Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the Bankers, Government
Authorities, Auditors, Suppliers and Customers during the year under review. Your directors wish to place on record their deep sense of
appreciation for the committed services by the Company`s Executives and Employees without whose help, cooperation and hard work, the
Company would not have been able to achieve the results.
DIN: 00140307 DIN- 08488556
Annexure I
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31.03.2022
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014.
I. REGISTRATION & OTHER DETAILS:
1. CIN U15400PN2009PTC133749
2. Registration Date 06/04/2009
3. Name of the Company Desai Foods Private Limited
Company Limited by Shares

4. Category/ Sub-category of the Company
Indian Non-Government Company
Atur Chambers, 3rd Floor, Manisha Terrace Soc., 2A, Moledina

5. Address of the Registered office & contact details
Road, Pune, MH-411001
6. Whether listed company Unlisted
113
Name, Address & contact details of the Registrar & Link Intime India Pvt. Ltd
7.
Transfer Agent, if any. C-101, 247 Park, LBS Marg, Vikhroli (West)- 400083.
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% or more of the total turnover of the
company shall be stated)
NIC Codes of the Product/service % to total turnover of the

S. No. Name and Description of main products / services
(NIC 2008) company
Manufacturing and Processing of Food & Food

1 1030 100%
Products
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Holding/ Subsidiary/
SNo Name of the Company CIN/GLN % of Shares held Applicable section
Associate
U63022WB2003PTC096
1 Elmac Agro `MFG` Pvt. Ltd. Subsidiary 100 2(87)(ii)
464
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
A) CATEGORY-WISE SHARE HOLDING
No.
No. No.
of No. No. No. No.
of Shares of No.
Shares held of Shares of of Shares of
held Shares held of Shares
at held Shares held held Shares held
at at held
the at at at at
Cate the the at % Cha
begin the begin the begin the begin the
gory end end the nge dur
ning ning ning ning end
of Share of of end ing the
of of of of of the
holders the the of year
the the the the year
year [As year the year [As
year year [As year year [As on [As
on [As on 31-March
[As on 01-April- [As on 01- 01-April-202 on 31-March
1] 31-March-2 on 31-March -2022]
on 01-April-2 2021] April-2021] -2022]
022] -2022]
021]
%
Phys Phys % of Total
Demat Total of Total Demat Total
ical ical Shares
Shares
A. Prom
oters
(1) Indian
a) Indivi *56.
10,13, 10,13, 18. 10,13, 10,13, 38.
dual/ NIL NIL 33
166 166 20% 166 166 13
HUF %
b) Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) State
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Govt(s)
d) Bo 37,67, 37,67, 67. (67.

NIL NIL NIL NIL *0%
dies Corp. 326 326 69% 69)
e) Banks
/ FI
f) Any
other 7,85, 7,85, 14. 7,85, 7,85, *43. 29.
NIL NIL
(Trusts/ 454 454 11% 454 454 67% 56
LLP)
114
Total
shareh
olding 55,65, 55,65, 17,98, 17,98,
NIL 100% NIL 100%
of 946 946 620 620
Prom
oter (A)
B. Public Share
N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
holding
1. Institu
tions
a) Mutual Funds N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
b) Banks
/ FI
c) Cent
ral Govt
d) State
Govt(s)
e) Vent
ure Capital Funds
f) Insur
ance Comp N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
anies
g) FIIs N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
h) Fore
ign
Venture Cap N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
ital
Funds
i) Others (specify) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Sub-
total N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
(B)(1): -
2. Non-Institu
tions
a) Bo
dies N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Corp.
i) Indian N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
ii) Over
seas
b) Indivi
duals
i) Indivi
dual share
holders holding nominal
share
capital
up to
INR
1 lakh
115
ii) Indivi
dual
share
share
capital
in
excess
of
INR
1
lakh
c) Others (specify) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Non-
Resi
dent I
ndians
Over
seas Corp
orate
Bodies
Fore
ign N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Nationals
Clearing Mem
bers
Tru
sts
For
eign
Bodies -
DR
Sub-
(B)(2): -
Total
Public Share
holding
(B)=
(B) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
(1)
+
(B)
(2)
C. Shares held
by Custo
dian for GDRs N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
&
ADRs
Grand Total 55,65, 55,65, 17,98, 17,98,

NIL 100% NIL 100% NIL
(A+B+C) 946 946 620 620
* Due to cancellation of 37,67,326 shares, there has been change in the % of Equity Share holding.
B) SHAREHOLDING OF PROMOTER
116
Share Share
Share
holding Share holding Share Share %
holding
at holding at at holding at holding change
at
Share the begin the begin the begin the at the in share
SN the
holder`s Name ning ning ning end end holding
end
of of of of of the during the
of the
the the year the the year year year
year
year year
% of Shares %of Shares

% of total Pledged / % of total Pledged /
No. of Shares Shares of the encum No. of Shares Shares of the encum
company bered to company bered to
total shares total shares
1 Sanjaybhai Jasubhai Desai (HUF) 3,00,000 5.39 NA 3,00,000 *16.68 NA 11.29
2 Kinna Yogesh Patel 3,85,051 6.92 NA 3,85,051 *21.41 NA 14.49
Prisha Sanjay Desai, Sanjaybhai

3 71,878 1.29 NA 71,878 *4.00 NA 2.71
Jasubhai Desai
Ranna Sanjay Desai, Sanjay

4 97,862 1.76 NA 97,862 *5.44 NA 3.68
Jasubhai Desai
Sanjana Sanjay Desai, Sanjaybhai

5 71,878 1.29 NA 71,878 *4.00 NA 2.71
Jasubhai Desai
Nirupamaben Desai Will Sanjana

Prisha Trust as a trustee Sanjay
6 3,26,025 5.86 NA 3,26,025 *18.13 NA 12.27
Jasubhai Desai, Rannaben
Sanjaybhai Desai
Sanjay Jasubhai Desai, Ranna

7 86,497 1.55 NA 86,497 *4.81 NA 3.26
Sanjay Desai
JHD Will Sanjana Prisha Trust as a

8 trustee Sanjay Jasubhai Desai, 93,074 1.67 NA 93,074 *5.17 NA 3.50
Rannaben Sanjaybhai Desai
Ganeshai Family Trust as a trustee

9 Sanjay Jasubhai Desai, Rannaben 35,113 0.63 NA 35,113 *1.95 NA 1.32
Sanjay Desai, Kinna Yogesh Patel
Prisha Family Trust as a trustee

Sanjay Jasubhai Desai, Rannaben
10 27,000 0.49 NA 27,000 *1.50 NA 1.01
Sanjaybhai Desai, Mukesh
Mangalbhai Patel
Sanjana Family Trust as a trustee

11 27,000 0.49 NA 27,000 *1.50 NA 1.01
Mangalbhai Patel
Hariom Family Trust as a trustee

12 Sanjay Jasubhai Desai, Rannaben 2,52,242 4.53 NA 2,52,242 *14.02 NA 9.49
Sanjaybhai Desai

13 37,67,326 67.69 NA NIL - NA (67.69)
Private Limited
Sanjay Desai family trust- Sanjay

14 Jasubhai Desai, Ranna Sanjay 25,000 0.45 NA 25,000 *1.39 NA 0.94
Desai, Mukesh Managalbhai Patel
TOTAL 55,65,946 100 NA 17,98,620 100 NA
(C) Change in Promoters` Shareholding (please specify, if there is no change)
Shareholding at end Shareholding at
beginning of the year beginning of the
S. No Name of Promoter of the year i.e. end of the year i.e.
i.e. year i.e.
as on 31.03.2022 as on 31.03.2022
as on 01.04.2021 as on 01.04.2021
117
% of total % of total
No. of shares at the
Shares of the No. of shares Shares of the
beginning of the year
Company Company
1 Sanjaybhai Jasubhai Desai (HUF) 3,00,000 5.39 3,00,000 *16.68
2 Kinna Yogesh Patel 3,85,051 6.92 3,85,051 *21.41
3 Prisha Sanjay Desai, Sanjaybhai Jasubhai Desai 71,878 1.29 71,878 *4.00
4 Ranna Sanjay Desai, Sanjay Jasubhai Desai 97,862 1.76 97,862 *5.44
Sanjana Sanjay Desai, Sanjaybhai Jasubhai

5 71,878 1.29 71,878 *4.00
Desai
Nirupamaben Desai Will Sanjana Prisha Trust as

6 a trustee Sanjay Jasubhai Desai, Rannaben 3,26,025 5.86 3,26,025 *18.13
Sanjaybhai Desai
7 Sanjay Jasubhai Desai, Ranna Sanjay Desai 86,497 1.55 86,497 *4.81
JHD Will Sanjana Prisha Trust as a trustee Sanjay

8 93,074 1.67 93,074 *5.17
Jasubhai Desai, Rannaben Sanjaybhai Desai
Ganeshai Family Trust as a trustee Sanjay

9 Jasubhai Desai, Rannaben Sanjay Desai, Kinna 35,113 0.63 35,113 *1.95
Yogesh Patel
Prisha Family Trust as a trustee Sanjay Jasubhai

10 Desai, Rannaben Sanjaybhai Desai, Mukesh 27,000 0.49 27,000 *1.50
Mangalbhai Patel
Sanjana Family Trust as a trustee Sanjay

11 Jasubhai Desai, Rannaben Sanjaybhai Desai, 27,000 0.49 27,000 *1.50
Mukesh Mangalbhai Patel
Hariom Family Trust as a trustee Sanjay Jasubhai

12 2,52,242 4.53 2,52,242 *14.02
Desai, Rannaben Sanjaybhai Desai
13 Sanspri Foods And Investments Private Limited 37,67,326 67.69 -
Sanjay Desai family trust- Sanjay Jasubhai Desai,

14 25,000 0.45 25,000 *1.39
Ranna Sanjay Desai, Mukesh Managalbhai Patel
D) SHAREHOLDING PATTERN OF TOP TEN SHAREHOLDER
(Other than Directors, Promoters and Holders of GDRs and ADRs):
Share
Share
holding Cumu Cumu
For Each holding
at the begin lative Share lative Share
of the Top 10 at the begin
ning of holding during holding during
Shareholders ning of
the the Year the Year
the year
year
% of
%
total
of total
No. of shares No. of shares shares
shares of the
of the
company
company
At the beginning of the year
Date wise Increase /

Decrease in Promoters
Shareholding
during the year specifying Not Applicable Not Applicable Not Applicable Not Applicable
the reasons for increase /
decrease (e.g. allotment /
transfer / bonus/ sweat equity etc.)
At the end of the year
E)SHAREHOLDING OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
118
Share
Share Share
holding Share
holding holding Share
of each holding
at the at the holding
Directors at the
SN beginning beginning at the
and each end of the
of the of the end of the
Key year as on
year year year as on 31.03.2022
Managerial 31.03.2022
as on 01.04.2021 as on 01.04.2021
Personnel
No. of shares No. of shares
shares of the company shares of the company
1 Sanjana Desai
At the beginning of the year 71,878 1.29% 71,878 *4.00%
Increase/Decrease in shareholding
- - - -
during the year
At the end of the year 71,878 1.29% 71,878 *4.00%
2 Sanjay Jasubhai Desai
- - - -
during the year
V. INDEBTEDNESS -
Indebtedness of the Company including interest outstanding/accrued but not due for payment.
(INR in Lakh)
Secured
Total Indebte
Particulars Loans Unsecured Loans Deposits
dness
excluding Deposits
Indebtedness at
the beginning of the
financial year
i) Principal Amount 91.09 - - 91.09
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 91.09 - - 91.09
Change in Indebtedness during the financial year
Addition 11.66 18,390.00 - 18401.66
Reduction (21.88) - - (21.88)
Net Change (10.22) 18,390.00 - 18379.78
Indebtedness at the end of the financial year
i) Principal Amount 80.87 18,390.00 - 18470.87
Total (i+ii+iii) 80.87 18,390.00 - 18470.87
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. Remuneration to Managing Director, Whole-time Directors and/ or Manager:
(INR in Lakh)
Name of MD/ Name of MD/

Total
SN. Particulars of Remuneration WTD/ WTD/
Amount
Manager Manager
119
Name of Director Sanjay Desai Sanjana Desai
Managing Whole Time

Designation
Director Director
1. Gross salary
(a) Salary as per provisions contained in

section 17 84.00 67.20 151.20
(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2)

4.18 3.81 7.99
Income-tax Act, 1961
(c) Profits in lieu of salary under

- - -
section 17(3) Income- tax Act, 1961
2 Stock Option - - -
3 Sweat Equity - - -
Commission
4 - as % of profit
- others, specify
5 Others, please specify - - -
Total (A) 88.18 71.01 159.19
Ceiling as per the Act NA NA NA
B. REMUNERATION TO OTHER DIRECTORS

(INR in Lakh)
Particulars of Name of Name of

S. No. Total Amount
Remuneration Directors Directors
S.
Mukesh Patel
Padmanabhan
Independent Directors
Fee for attending

1 board and committee - - -
meetings
Commission - - -
Others, please specify - - -
Total (1) - - -
Other Non-Executive
Directors
Fee for attending board and committee meetings 2.00 1.50 3.50
Commission - - -
Others, please specify- Professional Fees - - -
Total (2) - - -
Total = (1+2) 2.00 1.50 3.50
Total Remuneration for other directors (for commission payable)
Overall Ceiling as per the Act (for commission payable) N. A. N. A. N. A.
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/ MANAGER/ WTD MANAGER MD/ MANAGER/ WTD
S. No Particulars of Remuneration Key Managerial Personnel
NA
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
120
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
others, specifyï¿½
5 Others, please specify
Total NA
VII. PENALTIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES:
Details of
Appeal
Section Penalty / Authority
Brief Descri made,
Type of the Companies Punishment/ [RD/
ption if any
Act Compounding NCLT/ COURT]
(give Details)
fees imposed
A. COMPANY
Penalty - - - - -
Punishment - - - - -
Compounding - - - - -
B. DIRECTORS
Penalty - - - - -
C. OTHER
OFFICERS IN DEFAULT
Penalty - - - - -

DIN: 00140307 DIN- 08488556
ANNEXURE-II
Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/ arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm`s length transactions under third proviso thereto
1. Details of contracts or arrangements or transactions not at arm`s length basis
Salient
Name(s) terms of the contracts
of the or
Duration of Date(s) Amount
related Nature of contracts/ arrangements
the contracts / of paid
party arrangements/ or
arrangements/ approval by as advances,
and transactions transactions including
transactions the Board if any:
nature the
of relationship value,
if any
121
(a) (b) (c) (d) (e) (f)
NIL
2. Details of material contracts or arrangement or transactions at arm`s length basis
Salient
terms
Name(s) of the
of the contracts
Date(s)
related Nature of Duration or Amount
of
party contracts/ of the contracts / arrangements paid as
approval by
and arrangements arrangements/ or advances,
the Board,
nature /transactions transactions transactions including if any
if any
of the value,
relationship if any
(INR
in Lakh)
(a) (b) (c) (d) (e) (f)
Elmac Agro `Mfg` Pvt Purchase of food product and

On going 376.45 - -
Ltd(Subsidiary Company) related items
Elmac Agro `Mfg` Pvt Ltd

Sale of food product On going 34.18 - -
(Subsidiary Company)

Balance Payable On going 53.22 - -

Balance Receivable On going 21.78 - -
Elmac Agro `Mfg` Private Limited Guarantee given on behalf of

On going 44.19* - -
(Subsidiary Company) Company
Sanjay J. Desai (KMP) Rent Paid On going 5.04 - -
Sanjay J. Desai (KMP) Balance receivable (Deposit) On going 5.00 - -
As per Terms &

Sanjay J. Desai (KMP) Salaries, Bonus & Perquisites 88.18 10-11-2020
Condition
As per Terms &

Sanjana Sanjay Desai (KMP) Salaries, Bonus & Perquisites 71.01 10-11-2020
Condition
Prisha Sanjay Desai (Relative of As per Terms &

Salaries, Bonus & Perquisites 58.33 10-11-2020
KMP) Condition
Transactions as stated in the notes to financial statements

*During the period under review, amount of INR 78.95 Lakh related to Bank Guarantee has been reduced due to maturity. Amount of INR 44.19
Lacs represents the balance of Pending Bank Guarantees as on 31st March 2022. Further, there was no Bank Guarantee given by the company
on behalf of Elmac Agro `Mfg` Private Limited during the Financial Year.
DIN: 00140307 DIN- 08488556
ANNEXURE-III
PARTICULARS OF CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
(A)
CONSERVATION OF ENERGY
(i) The steps taken or impact on conservation of energy; The operations carried out by the Company are such that they are not deemed as
energy intensive. However, the Company constantly makes efforts to avoid excessive consumption of energy. The measures are aimed at
effective management and utilization of energy resources and resultant cost saving of the Company.
122
(ii) The steps taken by the company for utilizing alternate sources of energy; the company has installed Solar Power System of 393 KW at its
Sarole Factory located in Pune, Maharashtra. Further the company is also in the process of setting up another Solar Power System of 400.14
KW at the Bharoda Factory in Gujarat.
(iii) The capital investment on energy conservation equipments; Company has invested in Solar Power System of 393 KW at its Sarole Factory
located in Pune, Maharashtra amounting to INR 140.36 Lakh.
(B) TECHNOLOGY ABSORPTION
(i) The efforts made towards technology absorption: - Nil
(ii) The benefits derived like product improvement, cost reduction, product development or import substitution: Nil
(iii) In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)- Nil
The expenditure incurred on Research and Development: Nil
(C) FOREIGN EXCHANGE EARNINGS AND OUTGO
Particulars (INR in Lakhs)
Foreign Exchange earned in terms of actual inflow 8161.29
Foreign Exchange outgo in terms of actual outflow 703.91
Advertisement/ Promotion/Discount/ Listing fees 287.38
Salaries for Export 221.52
Commission on Sales 103.05
Legal and Professional Fees 41.21
Purchase of Machinery & Spare Parts 23.19
Travelling Expenses 16.72
Shipment Expenses 8.57
Membership & Subscription 2.22
Bank Charges 0.04

DIN: 00140307 DIN- 08488556
ANNEXURE - IV

year the year
Mr. Padmanabhan
Subramanian
123
NA
Total Amount
(in INR)

135(5) 135(5) 135(5)
Amo
unt trans
ferred to Un
Mode Mode
Amo Am Mode of of
Na the ount
ect to as
the Act per
ncy ncy
Sec
tion 135(6)
(in INR)
CSR Regis
State District Name
tration number
NA
(1) (2) (3) (4) (5) (5) (6) (7) (8) (8)
Item
from Mode
the of Mode
list imple of
Amo Mode
of men imple
sche Imple Imple
(in INR) (Yes/ No)
dule men men
to Agency.
the Act
124
CSR Registra
State District Name
tion number
Pune
Clause Neuros
I- Prom ciences
1. Yes Pune, No
edana)
Clause
I- Promo
ding Preven
tive Health Care
Clause VII- Promo

pic Sports
Clause
cation
40,25,
Total
000

(iv) NIL
Amount Amount
any any any
INR) INR)
NIL
(1) (2) (3) (4) (5) (6) (7) (8) (9)

Not Applicable
125
DIN: 00140307 DIN- 08488556
ANNEXURE - V
Form AOC-1
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)
Statement containing salient features of the financial statement of Subsidiaries/Associate companies/Joint ventures
Part À`: Subsidiaries
(Information in respect of each subsidiary to be presented with amounts in INR Lakh)
Name De
Repor Profit Provi
of Exch Total Total tails Profit af% of
Sr. Repor ting Capita Rese Turn Be sion
the ange Ass Liab of Inves ter Taxa Hol
No. ting Period Curre l rves over fore Tax for Tax
Subsi Rate ets ilities tme tion ding
ncy ation ation
diary nts
Elmac
01/04
Agro 1,0 1,1
/2021 73. 225. 594. 91. 20. 71.
1 `Mfg` Priv INR 1.00 25.00 64. 63. 100%
to 31/03 99 90 18 52 27 25
ate Limi 49 49
/2022
ted

Desai Foods Pvt. Ltd.
DIN: 00140307 DIN- 08488556
Textual information (43): Description of state of companies affair
The Revenue from Operations during the year was INR 25,666.52 Lakh as against INR 25,807.09 Lakh in the previous year. The profit was at
INR 1,848.17 Lakh against profit of INR 2569.07 Lakh in the previous year. The Company's portfolio includes brands such as Mother's Recipe,
Dabee, Elmac and Spread On. Your Company manufactures and sells Pickles, Papads, Chutneys, Pastes, Ready to Eat, Ready to Cook, Instant
Mixes, Mayonnaise, and other food products. The Company exports its products to over 40 countries. During the year under review the exports
were at INR 8676.32 Lakhs against INR 9320.80 Lakhs in the previous year.
Textual information (44): Details regarding energy conservation
CONSERVATION OF ENERGY (i) The steps taken or impact on conservation of energy; The operations carried out by the Company are such
that they are not deemed as energy intensive. However, the Company constantly makes efforts to avoid excessive consumption of energy. The
measures are aimed at effective management and utilization of energy resources and resultant cost saving of the Company. (ii) The steps taken
by the company for utilizing alternate sources of energy; the company has installed Solar Power System of 393 KW at its Sarole Factory located
in Pune, Maharashtra. Further the company is also in the process of setting up another Solar Power System of 400.14 KW at the Bharoda
Factory in Gujarat. (iii) The capital investment on energy conservation equipments; Company has invested in Solar Power System of 393 KW at
its Sarole Factory located in Pune, Maharashtra amounting to INR 140.36 Lakh.
126
Textual information (45): Details regarding technology absorption
TECHNOLOGY ABSORPTION (i) The efforts made towards technology absorption: - Nil (ii) The benefits derived like product improvement, cost
reduction, product development or import substitution: Nil (iii) In case of imported technology (imported during the last three years reckoned from
the beginning of the financial year)- Nil (iv) The expenditure incurred on Research and Development: Nil
Textual information (46): Details regarding foreign exchange earnings and outgo
FOREIGN EXCHANGE EARNINGS AND OUTGO Particulars (INR in Lakhs) Foreign Exchange earned in terms of actual inflow 8161.29 Foreign
Exchange outgo in terms of actual outflow 703.91 Advertisement/ Promotion/ Discount/ Listing fees 287.38 Salaries for Export 221.52
Commission on Sales 103.05 Legal and Professional Fees 41.21 Purchase of Machinery & Spare Parts 23.19 Travelling Expenses 16.72
Shipment Expenses 8.57 Membership & Subscription 2.22 Bank Charges 0.04
Textual information (47): Disclosures in director’s responsibility statement
Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors of your Company, to the best of their knowledge and ability,
confirm that: (a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation
relating to material departures; (b) the Directors have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year
and of the Profit of the Company for that period; (c) the Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting
frauds and other irregularities; (d) the Directors have prepared the annual accounts on a going concern basis; (e) the Directors have laid down
proper Internal Financial Controls and Systems which are adequate and are operating effectively; (f) The Directors have devised proper systems
to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively
Textual information (48): Details of material changes and commitment occurred during period affecting financial
position of company
ALLOTMENT OF NEW EQUITY SHARES Pursuant to clause 11 of the Scheme of Amalgamation (Case no C.P.(CAA)-101/2021) duly
sanctioned by Hon'ble National Company Law Tribunal, Mumbai Bench vide Order No. CP (CAA) 101 of 2021 Connected With CA (CAA) 1112
of 2020 dated March 31, 2022, 135 new Equity Shares were allotted to the equity shareholders of Sanspri Foods & Investment Pvt. Ltd.
(Transferor Company 1) in the Share Swap ratio of 1:0.0135 vide Resolution Passed in the Board Meeting dated 13th April 2022. Following table
shows the detail of Paid-up Equity Shares of Desai Foods Private Limited after giving effect of Allotment of New Equity Shares pursuant to
Scheme of Amalgamation: - No. of Paid up Equity Shares as on 1st April 2022 (A) Allotment of New Equity shares (B) Total No. of Paid up Equity
Shares after Allotment (C=A-B) 17,98,620 135 17,98,755
Textual information (49): Particulars of loans guarantee investment under section 186 [Text Block]
The company has complied with the provisions of Section 186 of the Companies Act, 2013 during the year ended March 31, 2022.
Textual information (50): Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
ANNEXURE-II
Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/ arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm`s length transactions under third proviso thereto
1. Details of contracts or arrangements or transactions not at arm`s length basis
Salient
Name(s) terms of the contracts
of the or
Duration of Date(s) Amount
related Nature of contracts/ arrangements
the contracts / of paid
party arrangements/ or
arrangements/ approval by as advances,
and transactions transactions including
transactions the Board if any:
nature the
of relationship value,
if any
(a) (b) (c) (d) (e) (f)
NIL
127
2. Details of material contracts or arrangement or transactions at arm`s length basis
Salient
terms
Name(s) of the
of the contracts
Date(s)
related Nature of Duration or Amount
of
party contracts/ of the contracts / arrangements paid as
approval by
and arrangements arrangements/ or advances,
the Board,
nature /transactions transactions transactions including if any
if any
of the value,
relationship if any
(INR
in Lakh)
(a) (b) (c) (d) (e) (f)
Elmac Agro `Mfg` Pvt Purchase of food product and

On going 376.45 - -
Ltd(Subsidiary Company) related items

Sale of food product On going 34.18 - -

Balance Payable On going 53.22 - -

Balance Receivable On going 21.78 - -
Elmac Agro `Mfg` Private Limited Guarantee given on behalf of

On going 44.19* - -
(Subsidiary Company) Company
Sanjay J. Desai (KMP) Rent Paid On going 5.04 - -
Sanjay J. Desai (KMP) Balance receivable (Deposit) On going 5.00 - -
As per Terms &

Sanjay J. Desai (KMP) Salaries, Bonus & Perquisites 88.18 10-11-2020
Condition
As per Terms &

Sanjana Sanjay Desai (KMP) Salaries, Bonus & Perquisites 71.01 10-11-2020
Condition
Prisha Sanjay Desai (Relative of As per Terms &

Salaries, Bonus & Perquisites 58.33 10-11-2020
KMP) Condition
Transactions as stated in the notes to financial statements

*During the period under review, amount of INR 78.95 Lakh related to Bank Guarantee has been reduced due to maturity. Amount of INR 44.19
Lacs represents the balance of Pending Bank Guarantees as on 31st March 2022. Further, there was no Bank Guarantee given by the company
on behalf of Elmac Agro `Mfg` Private Limited during the Financial Year.
DIN: 00140307 DIN- 08488556
Textual information (51): Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure I
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31.03.2022
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014.
I. REGISTRATION & OTHER DETAILS:
1. CIN U15400PN2009PTC133749
128
2. Registration Date 06/04/2009
3. Name of the Company Desai Foods Private Limited
Company Limited by Shares

4. Category/ Sub-category of the Company
Indian Non-Government Company
Atur Chambers, 3rd Floor, Manisha Terrace Soc., 2A, Moledina

5. Address of the Registered office & contact details
Road, Pune, MH-411001
6. Whether listed company Unlisted
Name, Address & contact details of the Registrar & Link Intime India Pvt. Ltd
7.
Transfer Agent, if any. C-101, 247 Park, LBS Marg, Vikhroli (West)- 400083.
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% or more of the total turnover of the
company shall be stated)
NIC Codes of the Product/service % to total turnover of the

S. No. Name and Description of main products / services
(NIC 2008) company
Manufacturing and Processing of Food & Food

1 1030 100%
Products
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Holding/ Subsidiary/
SNo Name of the Company CIN/GLN % of Shares held Applicable section
Associate
U63022WB2003PTC096
1 Elmac Agro `MFG` Pvt. Ltd. Subsidiary 100 2(87)(ii)
464
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
A) CATEGORY-WISE SHARE HOLDING
No.
No. No.
of No. No. No. No.
of Shares of No.
Shares held of Shares of of Shares of
held Shares held of Shares
at held Shares held held Shares held
at at held
the at at at at
Cate the the at % Cha
begin the begin the begin the begin the
gory end end the nge dur
ning ning ning ning end
of Share of of end ing the
of of of of of the
holders the the of year
the the the the year
year [As
year the year [As
year year [As year year [As on [As
on [As on 31-March
[As on 01-April- [As on 01- 01-April-202 on 31-March
31-March-2 on 31-March -2022]
1]
on 01-April-2 2021] April-2021] -2022]
022] -2022]
021]
%
Phys Phys % of Total
Demat Total of Total Demat Total
ical ical Shares
Shares
A. Prom
oters
(1) Indian
a) Indivi *56.
10,13, 10,13, 18. 10,13, 10,13, 38.
dual/ NIL NIL 33
166 166 20% 166 166 13
HUF %
b) Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) State
Govt(s)
d) Bo 37,67, 37,67, 67. (67.

NIL NIL NIL NIL *0%
dies Corp. 326 326 69% 69)
e) Banks
/ FI
129
f) Any
other 7,85, 7,85, 14. 7,85, 7,85, *43. 29.
NIL NIL
(Trusts/ 454 454 11% 454 454 67% 56
LLP)
Total
shareh
olding 55,65, 55,65, 17,98, 17,98,
NIL 100% NIL 100%
of 946 946 620 620
Prom
oter (A)
B. Public Share
holding
1. Institu
tions
a) Mutual Funds N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
b) Banks
/ FI
c) Cent
ral Govt
d) State
Govt(s)
e) Vent
ure Capital Funds
f) Insur
ance Comp N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
anies
g) FIIs N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
h) Fore
ign
Venture Cap N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
ital
Funds
i) Others (specify) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Sub-
(B)(1): -
2. Non-Institu
tions
a) Bo
dies N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Corp.
i) Indian N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
ii) Over
seas
b) Indivi
duals
130
i) Indivi
dual share
share
capital
up to
INR
1 lakh
ii) Indivi
dual
share
share
capital
in
excess
of
INR
1
lakh
c) Others (specify) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Non-
Resi
dent I
ndians
Over
seas Corp
orate
Bodies
Fore
ign N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Nationals
Clearing Mem
bers
Tru
sts
For
eign
Bodies -
DR
Sub-
(B)(2): -
Total
Public Share
holding
(B)=
(B) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
(1)
+
(B)
(2)
131
C. Shares held
by Custo
dian for GDRs N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
&
ADRs
Grand Total 55,65, 55,65, 17,98, 17,98,

NIL 100% NIL 100% NIL
(A+B+C) 946 946 620 620
B) SHAREHOLDING OF PROMOTER
Share Share
Share
holding Share holding Share Share %
holding
at holding at at holding at holding change
at
Share the begin the begin the begin the at the in share
SN the
holder`s Name ning ning ning end end holding
end
of of of of of the during the
of the
the the year the the year year year
year
year year
% of Shares %of Shares

% of total Pledged / % of total Pledged /
No. of Shares Shares of the encum No. of Shares Shares of the encum
company bered to company bered to
total shares total shares
1 Sanjaybhai Jasubhai Desai (HUF) 3,00,000 5.39 NA 3,00,000 *16.68 NA 11.29
2 Kinna Yogesh Patel 3,85,051 6.92 NA 3,85,051 *21.41 NA 14.49
Prisha Sanjay Desai, Sanjaybhai

3 71,878 1.29 NA 71,878 *4.00 NA 2.71
Jasubhai Desai
Ranna Sanjay Desai, Sanjay

4 97,862 1.76 NA 97,862 *5.44 NA 3.68
Jasubhai Desai
Sanjana Sanjay Desai, Sanjaybhai

5 71,878 1.29 NA 71,878 *4.00 NA 2.71
Jasubhai Desai
Nirupamaben Desai Will Sanjana

Prisha Trust as a trustee Sanjay
6 3,26,025 5.86 NA 3,26,025 *18.13 NA 12.27
Jasubhai Desai, Rannaben
Sanjaybhai Desai
Sanjay Jasubhai Desai, Ranna

7 86,497 1.55 NA 86,497 *4.81 NA 3.26
Sanjay Desai
JHD Will Sanjana Prisha Trust as a

8 trustee Sanjay Jasubhai Desai, 93,074 1.67 NA 93,074 *5.17 NA 3.50
Rannaben Sanjaybhai Desai
Ganeshai Family Trust as a trustee

9 Sanjay Jasubhai Desai, Rannaben 35,113 0.63 NA 35,113 *1.95 NA 1.32
Sanjay Desai, Kinna Yogesh Patel
Prisha Family Trust as a trustee

10 27,000 0.49 NA 27,000 *1.50 NA 1.01
Mangalbhai Patel
Sanjana Family Trust as a trustee

11 27,000 0.49 NA 27,000 *1.50 NA 1.01
Mangalbhai Patel
Hariom Family Trust as a trustee

12 Sanjay Jasubhai Desai, Rannaben 2,52,242 4.53 NA 2,52,242 *14.02 NA 9.49
Sanjaybhai Desai

13 37,67,326 67.69 NA NIL - NA (67.69)
Private Limited
132
Sanjay Desai family trust- Sanjay

14 Jasubhai Desai, Ranna Sanjay 25,000 0.45 NA 25,000 *1.39 NA 0.94
Desai, Mukesh Managalbhai Patel
TOTAL 55,65,946 100 NA 17,98,620 100 NA
(C) Change in Promoters` Shareholding (please specify, if there is no change)
Shareholding at end Shareholding at
beginning of the year beginning of the
S. No Name of Promoter of the year i.e. end of the year i.e.
i.e. year i.e.
as on 31.03.2022 as on 31.03.2022
as on 01.04.2021 as on 01.04.2021
No. of shares at the
Shares of the No. of shares Shares of the
beginning of the year
Company Company
1 Sanjaybhai Jasubhai Desai (HUF) 3,00,000 5.39 3,00,000 *16.68
2 Kinna Yogesh Patel 3,85,051 6.92 3,85,051 *21.41
3 Prisha Sanjay Desai, Sanjaybhai Jasubhai Desai 71,878 1.29 71,878 *4.00
4 Ranna Sanjay Desai, Sanjay Jasubhai Desai 97,862 1.76 97,862 *5.44
Sanjana Sanjay Desai, Sanjaybhai Jasubhai

5 71,878 1.29 71,878 *4.00
Desai
Nirupamaben Desai Will Sanjana Prisha Trust as

6 a trustee Sanjay Jasubhai Desai, Rannaben 3,26,025 5.86 3,26,025 *18.13
Sanjaybhai Desai
7 Sanjay Jasubhai Desai, Ranna Sanjay Desai 86,497 1.55 86,497 *4.81
JHD Will Sanjana Prisha Trust as a trustee Sanjay

8 93,074 1.67 93,074 *5.17
Jasubhai Desai, Rannaben Sanjaybhai Desai
Ganeshai Family Trust as a trustee Sanjay

9 Jasubhai Desai, Rannaben Sanjay Desai, Kinna 35,113 0.63 35,113 *1.95
Yogesh Patel
Prisha Family Trust as a trustee Sanjay Jasubhai

10 Desai, Rannaben Sanjaybhai Desai, Mukesh 27,000 0.49 27,000 *1.50
Mangalbhai Patel
Sanjana Family Trust as a trustee Sanjay

11 Jasubhai Desai, Rannaben Sanjaybhai Desai, 27,000 0.49 27,000 *1.50
Mukesh Mangalbhai Patel
Hariom Family Trust as a trustee Sanjay Jasubhai

12 2,52,242 4.53 2,52,242 *14.02
Desai, Rannaben Sanjaybhai Desai
13 Sanspri Foods And Investments Private Limited 37,67,326 67.69 -
Sanjay Desai family trust- Sanjay Jasubhai Desai,

14 25,000 0.45 25,000 *1.39
Ranna Sanjay Desai, Mukesh Managalbhai Patel
D) SHAREHOLDING PATTERN OF TOP TEN SHAREHOLDER
(Other than Directors, Promoters and Holders of GDRs and ADRs):
Share
Share
holding Cumu Cumu
For Each holding
at the begin lative Share lative Share
of the Top 10 at the begin
ning of holding during holding during
Shareholders ning of
the the Year the Year
the year
year
% of
%
total
of total
No. of shares No. of shares shares
shares of the
of the
company
company
133
At the beginning of the year
Date wise Increase /

Decrease in Promoters
Shareholding
during the year specifying Not Applicable Not Applicable Not Applicable Not Applicable
the reasons for increase /
decrease (e.g. allotment /
transfer / bonus/ sweat equity etc.)
At the end of the year
E)SHAREHOLDING OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
Share
Share Share
holding Share
holding holding Share
of each holding
at the at the holding
Directors at the
SN beginning beginning at the
and each end of the
of the of the end of the
Key year as on
year year year as on 31.03.2022
Managerial 31.03.2022
as on 01.04.2021 as on 01.04.2021
Personnel
No. of shares No. of shares
shares of the company shares of the company
1 Sanjana Desai
- - - -
during the year
2 Sanjay Jasubhai Desai
- - - -
during the year
V. INDEBTEDNESS -
Indebtedness of the Company including interest outstanding/accrued but not due for payment.
(INR in Lakh)
Secured
Total Indebte
Particulars Loans Unsecured Loans Deposits
dness
excluding Deposits
Indebtedness at
the beginning of the
financial year
i) Principal Amount 91.09 - - 91.09
Total (i+ii+iii) 91.09 - - 91.09
Change in Indebtedness during the financial year
Addition 11.66 18,390.00 - 18401.66
Reduction (21.88) - - (21.88)
Net Change (10.22) 18,390.00 - 18379.78
Indebtedness at the end of the financial year
i) Principal Amount 80.87 18,390.00 - 18470.87
134
Total (i+ii+iii) 80.87 18,390.00 - 18470.87
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. Remuneration to Managing Director, Whole-time Directors and/ or Manager:
(INR in Lakh)
Name of MD/ Name of MD/

Total
SN. Particulars of Remuneration WTD/ WTD/
Amount
Manager Manager
Name of Director Sanjay Desai Sanjana Desai
Managing Whole Time

Designation
Director Director
1. Gross salary
(a) Salary as per provisions contained in

section 17 84.00 67.20 151.20
(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2)

4.18 3.81 7.99
Income-tax Act, 1961
(c) Profits in lieu of salary under

- - -
section 17(3) Income- tax Act, 1961
2 Stock Option - - -
3 Sweat Equity - - -
Commission
4 - as % of profit
- others, specify
5 Others, please specify - - -
Total (A) 88.18 71.01 159.19
Ceiling as per the Act NA NA NA
B. REMUNERATION TO OTHER DIRECTORS

(INR in Lakh)
Particulars of Name of Name of

S. No. Total Amount
Remuneration Directors Directors
S.
Mukesh Patel
Padmanabhan
Independent Directors
Fee for attending

1 board and committee - - -
meetings
Commission - - -
Others, please specify - - -
Total (1) - - -
Other Non-Executive
Directors
Fee for attending board and committee meetings 2.00 1.50 3.50
Commission - - -
Others, please specify- Professional Fees - - -
Total (2) - - -
Total = (1+2) 2.00 1.50 3.50
135
Total Remuneration for other directors (for commission payable)
Overall Ceiling as per the Act (for commission payable) N. A. N. A. N. A.
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/ MANAGER/ WTD MANAGER MD/ MANAGER/ WTD
S. No Particulars of Remuneration Key Managerial Personnel
NA
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
others, specifyï¿½
5 Others, please specify
Total NA
VII. PENALTIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES:
Details of
Appeal
Section Penalty / Authority
Brief Descri made,
Type of the Companies Punishment/ [RD/
ption if any
Act Compounding NCLT/ COURT]
(give Details)
fees imposed
A. COMPANY
Penalty - - - - -
B. DIRECTORS
Penalty - - - - -
C. OTHER
OFFICERS IN DEFAULT
Penalty - - - - -

DIN: 00140307 DIN- 08488556
Textual information (52): Disclosure of statement on declaration given by independent directors under section 149(6)
[Text Block]
136
Provisions of Section 149 of the Companies Act, 2013, are not applicable to the Company.
Textual information (53): Disclosure for companies covered under section 178(1) on directors appointment and
remuneration including other matters provided under section 178(3) [Text Block]
Not applicable
Textual information (54): Disclosure of statement on development and implementation of risk management policy [Text
Block]
The Company has taken and ensured all the necessary care with respect to threats which may affect the existence of the Company. Further, a
Risk Management Policy in this regard was approved in the Board Meeting held on 29th December 2021.
Textual information (55): Details on policy development and implementation by company on corporate social
responsibility initiatives taken during year [Text Block]
ANNEXURE - IV

year the year
Mr. Padmanabhan
Subramanian
NA
Total Amount
(in INR)

135(5) 135(5) 135(5)
137
Amo
unt trans
ferred to Un
Mode Mode
Amo Am Mode of of
Na the ount
ect to as
the Act per
ncy ncy
Sec
tion 135(6)
(in INR)
CSR Regis
State District Name
tration number
NA
(1) (2) (3) (4) (5) (5) (6) (7) (8) (8)
Item
from Mode
the of Mode
list imple of
Amo Mode
of men imple
sche Imple Imple
(in INR) (Yes/ No)
dule men men
to Agency.
the Act
CSR Registra
State District Name
tion number
Pune
Clause Neuros
I- Prom ciences
1. Yes Pune, No
edana)
Clause
I- Promo
ding Preven
tive Health Care
Clause VII- Promo

pic Sports
138
Clause
cation
40,25,
Total
000

(iv) NIL
Amount Amount
any any any
INR) INR)
NIL
(1) (2) (3) (4) (5) (6) (7) (8) (9)

Not Applicable
DIN: 00140307 DIN- 08488556
Textual information (56): Disclosure of financial summary or highlights [Text Block]
. FINANCIAL RESULTS:
139
The Company`s financial performance for the year under review, along with previous year`s figures are given hereunder:
(Amt. in INR Lakh)
Particulars Standalone Standalone Consolidated
31st March 2022 31st March 2021 31st March 2022
Revenue from Operations 25,666.52 25,807.09 25,850.07
Profit before Depreciation & Finance cost 3,231.76 4378.29 3,373.28
Less: Depreciation 841.78 918.20 891.71
Finance Cost 14.17 11.66 14.24
Profit Before Tax 2,375.81 3448.43 2,467.33
Less: Current Tax 685.00 940.00 712.80
Deferred Tax (72.24) (48.97) (74.31)
Prior Period Tax (85.12) (11.68) (90.57)
Profit After Tax 1,848.17 2569.07 1,919.41
Earning Per Equity Share (Basic) INR 102.76 46.16 106.72
Earning Per Equity Share (Diluted) INR 102.76 46.16 106.72
Textual information (57): Disclosure of change in nature of business [Text Block]
Not applicable
Textual information (58): Details of directors or key managerial personnels who were appointed or have resigned
during year [Text Block]
During the year under review, there were no changes in the composition of the Board.
Textual information (59): Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or
associate companies during year [Text Block]
COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE
YEAR:
During the period under review, pursuant to Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022
received from the Hon`ble National Company Law Tribunal, Mumbai Bench in the matter of Scheme of Amalgamation (Case no C.P.(CAA)-
101/2021) Sanspri Foods & Investments Private Limited (CIN: U15549PN2019PTC184941) and Amarkantak Foods Private Limited (CIN:
U15400PN2014PTC173442) ceases to be the Holding and Subsidiary companies respectively.
25. SUBSIDIARIES, JOINT VENTURES & ASSOCIATE COMPANIES AND THEIR FINANCIAL PERFORMANCE:
Pursuant to Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022 received from the Hon`ble National
Company Law Tribunal, Mumbai Bench in the matter of Scheme of Amalgamation (Case no C.P.(CAA)- 101/2021), Sanspri Foods & Investment
Private Limited (Transferor Company 1) and Amarkantak Foods Private limited (Transferor Company 2) has been amalgamated into Desai
Foods Private Limited (Transferee Company). Consequent to Amalgamation Order, the Company has only one 100% Subsidiary Company i.e
Elmac Agro `MFG` Private Limited, as on March 31, 2022.
ELMAC AGRO `MFG` PVT. LTD.
A 100% subsidiary of the Company had turnover of INR 594.18 Lakhs in F.Y. 2021-22 against INR 669.58 Lakhs in the previous year. The
Company made profit of INR 71.25 Lakhs as against profit of INR 98.43 Lakhs in the previous year.
Pursuant to provisions of first proviso of sub-section (3) of Section 129 of the Companies Act, 2013, a Statement containing salient features of
the Financial Statement of its Subsidiaries and Associate Company in Form No. AOC-1 Ànnexure V` is attached to the Financial Statement.
Textual information (60): Details relating to deposits covered under chapter v of companies act [Text Block]
being in force).
140
Textual information (61): Details of deposits which are not in compliance with requirements of chapter v of act [Text
Block]
being in force).
Textual information (62): Details of significant and material orders passed by regulators or courts or tribunals
impacting going concern status and company’s operations in future [Text Block]
The petition no C.P.(CAA)-101/2021 in relation to Scheme of Amalgamation (Merger by Absorption) and Arrangement involving Amalgamation of
Sanspri Foods & Investments Private Limited (CIN: U15549PN2019PTC184941) ("SFIPL" or "Transferor Company 1"), and Amarkantak Foods
Private Limited (CIN: U15400PN2014PTC173442) ("AFPL" or "Transferor Company 2") with Desai Foods Private Limited, (CIN:
U15400PN2009PTC133749) ("DFPL" or "Transferee Company") was approved by the Hon'ble National Company Law Tribunal (Mumbai Bench)
vide Order No. CP (CAA) 101 of 2021 Connected with CA (CAA) 1112 of 2020 dated March 31, 2022.
Textual information (63): Details regarding adequacy of internal financial controls with reference to financial
statements [Text Block]
Internal financial controls with reference to Financial Statements were adequate and operating effectively.
Textual information (64): Disclosure of appointment and remuneration of managerial personnels [Text Block]
Not Applicable
Textual information (65): Disclosure of composition of audit committee and non-acceptance of any recommendation of
audit committee along with reasons [Text Block]
Textual information (66): Disclosure of details of establishment of vigil mechanism [Text Block]
Textual information (67): Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report
The company's obligation towards gratuity, to the extent of statutory limit, is entirely funded and the fund assets are managed by Life Insurance
adequately cover the gratuity liability. This is not in consonance with the Accounting Standard 15 Employee Benefits. In the absence of actuarial
report in this regard, we cannot determine the effect of the non-compliance on the taxes, profits and shareholder's funds of the company. Further
disclosures as required under the said Accounting Standard are not made. Our audit report for the previous year ended March 31, 2021 was also
qualified in respect of the matter above.
141
[400500] Disclosures - Secretarial audit report

Period FY 2022
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any observation or other remarks No
142

Desai Foods Private Limited 2021-22 Financial Statement - XML

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Desai Foods Private Limited 2021-22 Financial Statement - XML

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DESAI FOODS PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2021 to 31/03/2022

[100100] Balance sheet

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

Short-term loans and advances 504.32 876.06

[100200] Statement of profit and loss

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

[100300] Cash flow statement, direct

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

(A) Purchase of Investments+Sale/Redemption of Investments

(B) Purchase of Investments+Sale/Redemption of Investments

(C) Finance Costs

(D) Finance Costs

[100400] Cash flow statement, indirect

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

(A) Profit on sale of invesments+(Profit)/Loss on Sale of Fixed Asset

(B) Profit on sale of invesments+(Profit)/Loss on Sale of Fixed Asset

(C) Changes in working capital and other assets & liabilities

(D) Changes in working capital and other assets & liabilities

(E) Purchase of Investments+Sale/Redemption of Investments

(F) Purchase of Investments+Sale/Redemption of Investments

(G) Finance Costs

(H) Finance Costs

[200100] Notes - Share capital

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

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

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

Number of shares redeemed [shares] 0 [shares] 0

Application money received for allotment of securities

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

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

Total application money received for allotment of

(C) Due to Scheme of Amalgamation

Disclosure of classes of share capital [Table] ..(3)

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

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

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

Classes of share capital [Axis] Equity shares 1 [Member]

(A) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

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

(A) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

(B) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

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

(A) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

(B) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

(C) Change in % of Shareholding in accordance with the Scheme of Amalgamation.

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

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

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

Statement of changes in reserves [Table] ..(2)

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

[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

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

(A) Unsecured- From Directors

(B) Unsecured- From Relatives of Directors/ Shareholders

Classification of borrowings [Table] ..(2)

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

Classification of borrowings [Table] ..(3)

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

(A) Unsecured- From Directors

Classification of borrowings [Table] ..(4)