ANNUAL REPORT - 2019-20 ANTONY WASTE HANDLING CELL LIMITED (Cormery known as Antony Waste Handing Cl rite mite) (CIN: UsoonMRMTPLCISos) eg, Off. - Flat No. 1403, 1 Foor, Dev Corpora Building, Opp. Cadbury Company, Eastern Express Highway, Thane -s00601 DIRECTORS’ REPORT To, ‘The members of, Antony Waste Handing Cll ites ‘Your ovetors take pleasure in presenting the ineteenth Annual Report together with the Audited Financial Statement fr the year ended Mare 31, 2020, 1. COMPANY AT GLANCE ‘The Company isa leading player in the naan municipal slid waste ("MSW") management Industry, with an established track recor oF providing Soka waste collation, transportation, processing an Asposl sence. n ation to MSW managornent serees,w> alo pronde certain other Nypes of sold waste management sence for municipal ond other cutemors We primary undertake MSW collection and wansportatin ("CAT"), MSW procesing and mechanized sweeping projects through ourselves and our Sublets. Our portolie oF 1 ongoing projects comprised eleven MSW CRT project, to MSW processing indudng WVTE) oes and four mechanized sweeping projects, We also have one upearing pole. We have tratgialy focused ‘on biding fr, and undertakirg projects im urban or sei-utban areas, and undertaking projects for ‘Stlndian municpslties, Wie continue to concentrate an several key growth areas, inciting new customer acquisition rough contact wins, enhancing execution capablties and opportuistcaly expanding nto ional acographies and markets with favorable dynamics and demograpve trends ‘he Company, along with its subsidies, is currently undertaking roc forthe Municipal, Corporation of Greater Mumba, the Navi Mumtal Municipal Corporation, the Thane Municipal Corporation, the North Delhi Municipal Corporation, Pipe Chinehwad Auncpa Corporation, "Nagpur Municipal Corporation, the Margalere Manipal Corperation, the Greater Noa Industral Development Authority and NOIDA en the pat, we have alsa undertaken projects for Municipal Corporation of Delhi, Municipal Corporation, Gurgaon, Arritar Municipal Carporation, Kayan Dombivall Municipl Corporation an Jaipur Muicpal Corporaton. The Outbreak of COVID was dedared 2 global pandemic by the Workl Health Organization. Governments and munipates around the world instituted messures in an effort to eantol the Spread of COVID-9, inciting quaantnes, sheirin-poce orders, schoo! closings, travel resrcons, lock down of ees fand closure of non-aeentil businesses By the end of Marc, the macroeconomic impacts became signifeant, exhibited by, among other things, arise in ‘unemployment and market vlatity. The outbreak of OVID. 1S n many couse, including Ina,the United Kingdom and the United States, has sgncanty and adversely impacted economic ‘sey and has contlbuted to significant volatity ard negative pressure nna merets, and 's posse thatthe outresk of COViD-8 wil cause a prolonged label economt csi, recesion ot improving the quality of if in ural aess > radiating hunger, poverty and malnutrition; > Prometing heathere inching preventive healthcare; > Employment enkancing vocational Sis > Promation of eduction including investment in technology school; > Ensuring environmental sustainably including measures for redcing inequalities Faced by socialy and economically backward groupe; > Promoting sports inclucng rural and Opie sports, > contribution to funds or promoting technology > tovestingn various rural development projets; > contibuting to tha Prime Minister's National Rll Fund orany other fad setup by the Central Government fr development a elie and > ther areas approve bythe CSR Committee that are coveredin the CSR Rules as amended fom ero tte FS Ae = = ve piesa arene coi | a oe eae won oe Place : Thane IN:o054998 inesz031292{Accounts} Rules, 2014, 1. thesteps tenor Impact on conservation ofen=rEy; IL the steps taken by the company for utlisng serrate sources of nergy; IIL the capital investment on energy conservation eculpments ANNUAL REPORT - 2019-20 (Pursuant to Section 1343) [m) of the Companies Act, 2013 rea with Rule (3 ofthe Companies N= Generally, the Company cperates on low anergy TL theeffortsmade towards technology absorption: I the benefits derived lke product improvement, cast reduction, prod development or import Substitution Lin case of imported technology imported dung the ast thre vers reckoned rom the beginning of the franca year) 1 the details of technology imported b.theyearofimpor whether the technology been fully absorbed; 4. if nt fly absorbed, aess where absorption has not taken pce, andthe reasons thereof, and WN. the “expenditure Development Incurred on Research and Company always keeps. self updated wits technological Imovations by estabising oint ‘eniures and hiring experienced cansultant, ‘he Forelgn Exchange earned in terms of acta inflows during the yea andthe Forign Exchange outgo during the eae in tems of cual outflows for anon Seat of ourdof anourye ct treD an et 1ose ico KAWanata No wane omecrORANNEXUREE Form No. METS ‘EXTRACT OF ANNUAL RETURN, son the financial year ended on Maret 33,2020, {Pursuant ta section 8263) ofthe Companies At, 2013 an rule 12) ofthe Companies Management ‘and Adminstration) utes, 2016), |. REGISTRATION AND OTHER DETAILS ‘sooo rROOTPLIIONS January 17, 2001 Registered Office: Fat No. 03, "Foor, Dev Corpars Buléing, Opp. Cadbury Con pany, astern Express Hiway, Thane ~ 400801 “Telephone Number: 022 41000295/43008240/42130300 mal ds x@antonyasiacon “inks nla Private United C01, 247 Park LBS. Mar, Vitro (West), Mornbai 4) 082 Telephone: +3 22) 4818 200 Website: yy linkin coin 11, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY All the business acthities contributing 10% or more of he tal turnover ofthe company sal be sated: Collection of on-hand waste INL PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES ‘rfony Lara Erie Solsions | USDQDDMHZOOSPTCIONS5 | Subedary [72 | 27) rates | Antony infascire na Warts | USOOOOMRIOLOPTERORRES | Subang | 00 HEAT Management Services Pate tineANNUAL REPORT - 2019-20 3] Antony Rove Buaste Praia] USSSOBMRGOLOPTCRDARST | SibaBary [160] 27} [ie enwrecbratotined | Uaimoownaoopereaaeaoe | Sabeaay —[TOD 'S [AG wr inre Projecs Prats | usbomiwiaaos>Teisoise | subudary [400 [367 Lined | Artony ara Renewable Eowgy | USEOOSURDOIAPTCNDIOT | Subadary | B63 | HEMT Penn ited 7 | ancy ar Renee LP aE Sa = ae [vane waste Waragerert LC 7 assossie | 25 [A] 1, SHARE HOLDING PATTERN (Equlty hare Capital Breakup s percentage of Total Equity) (category. wise Share Holding pra 7 : = ra aa ear — Ei | [non [mmm | ae [ema | [wm |e | ae fem : aa : 7 rissa | asso | sim | sorsom | | sare | os | nas Ee eel er Hae or pa ee =e Er} — ealnee ate feds ‘rome : 7 =a EG ae Coie E Toe oa aa fer : o Saleem ogo | = | aR | RRR | RARER | ——P aera | sti | aa forome!eam T a 18605771 z = _{ = [ fase =e fees) elec elie (ons Epes z jen 3 |e ae Tae a Foege | > aR [ARES | se | wae Come Keiear | ~~ [aaacans fmzeae | ass [cama | — ame | wee [a [ova odes. Tommae [paseze a >) as (ers briawae alee aera Tame |e | ETT waa | oa | aa rece Dobe} 5 - vee ena = ered ae] ee [ons fiton : 0) freee : Sas) saeaef ae Saat [sear Bae oe we | a | aa vaANNUAL REPORT - 2019-20 oars | = | Sans | ROLE] NaS TSas | aa) aT se ren 2 Saar ate : : > or se om er 7 aah al ec ssa | EO ‘Shingo Wed mca ei dae SB DH Regan TTF Gon Woe Ha De (t)_sharehoising of Promoters 1 | seeab RB) eS] | Sai) oa <] aaa Katara = [seb veg0si0 | ioaz] ———] “iaaonio] sa Sr “laa 3 | Shu etons sso] 038] ——-] sano] om [3 fala “oats ‘eraasa | was =| evapo | mea = aaa romoter ou P| ie Antony Tammie] 085] | sano aa ees Ate bot Tyr 4 Tefoats [9% slate Tea Teas ——oan |__ atv ent ey Toxo | oak (6) Shareholding of Director and Key Managerial Personnel arti bagnlg 5 2am ‘efor brig ‘ete ft er Bae scab aa ers ose urs hE as Se ‘The decease in the percentage of sharehaling i doe to clint of sbores pursuant T conven of preference shares and ESOP ¥. INDEBTEDNESS Indebtedness of the Company including interest outstanding/served but not due for payment (ein athe Indebtedness tthe bepnning of the fancial yar 1) Biepal Amount 5073.52 aa ‘Interest due but it pat 2551 2551 Ii eres accrued but not 415 = 45 Tota (i) 50328 Sas28 ‘Change in indebtedness Gring the finan dion 20H Reduction 988.48 Net Change 735.44) Indebtedness atthe ed of he racial ye i] Principal mount 30857 : om i Interest due but not paid B36 B35 i interest accrued but not due 32.60) S260 otal (ii) 327.83 - 3703.88,Vi. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL [A femuneration to Managing Director, Wholetime Directorsand/or Maneger P| Goss i "Sahnaepeprrccamsnedinsecion 7a)tteineome:| 9390780 sage 1 Vavofperusea ws 7 ome soe 1983 _Pots mins ora ron 7S cee Ak 161 = Sexkonton z ‘or ise 2 er atandng bows corm nts ol Wage eran hers Cog ere A C __ Remuneration to Key Managerial Personnel athe han MD/MANAGER/WTD eins ‘ec oft icome ar 105) BieANNUAL REPORT - 2019-20 Tilston war oe stpote i PENALTIES / PUNISHMENT COMPOUNDING OF OFFENCES‘Walker Chandiok &CoLLP pendant Autor Report Tothe tember of Atony Waste Handing Cel res Temen-antony wm ronan om La) Report onthe Ault othe Constdoted Finance! Statments 1. Wathve suche comparing orate rae steers o Atay Wate Hating Cal Lad (ine titan Compare ani autelseres ho aging Company ana te snares ogee lara fe crap) ents n Aman, wen op ne Coveted Seta Shou oe 33" Mor 2020, ‘he Ceasteated Sateen rte an Lose (rcusrg Dib Carerhulve mere) he Cra ‘tah ew sisrantsng bs Conelased Gimeno Change qn forte yarn ene re enna o ewan acu poles and a ena htt 2. tmeur epic an ote bs cur rfematonansccasng eh oanaon rant x excep ne Toshi ots of haraterdeastbocn We Bass or Gusifeg Option secon efor epee rose tenttes tana sort ge harman egures Bf he Comoeree Ae 2013 (Aa) ne ‘Soo ao mod ant ve tue ad fa vow morro ening peony ‘copad nag naan Accounting Sancare a AS] spec weer econ 35a he Act of Ine consohtle sin of whore of oe Gram ara 31 Mach 202, anne coraedad peat (lay "She‘Conpemuns ems) coneolsed uh fous ane tha somatctne charge ey ha yaar ‘sod ont aa or Gusti Opinion 8. Aeexghinedin Note fhe accompanying crust Marcial stements. tne Holdg Companys non ‘Shar ree reat aa 31 Kare 2029 ncuca orn frp oun rcaason seeing {E7350 ote Se fore arousal eoperatns wien a8 unde deplete! contaeegoxe ‘ate by fe rage Hower samen of aut snore at ee ‘Shrotute ho manacemsete sree of ocoverbiy a tesa tdance ne we unale ta oment user ta ay be rqureaf mateo te arya none uns csi ['3 Naren 220 anc ibo consequat! mpact on he acconpesyny Snscaaed tarsal late ‘Suropinon onthe oxcolsated ancl earns orth yar enage 3 Mare 2019 was aed f Poet ateWalker Chandiok &CoLLP Autry ar aang al mi amy ey aig Cate Ln Independant hustrs Report on the Aust of he Conaoleed Finan! Semen cand our auitn scrote Slane on Acting spec unt secon 4310} Ihr esnonatesuntar nes sina wo rer dart ne Axor Response oe ‘atone Contlaned Fnac Sisters aston of ou ap Yate saat Me Canny ‘ScatSance wih Gos of anc by thas of Charred Acuna ta FCA gabe ‘ive aia ecient ht area tour oud ho tran satomers under be provost tho actand ie rss harande ae wa tvs fied ur ose espnsttesvazodanoe ih ese eames athe Coe lttnee We aes ha est ede we ave cede acer rs appa piven basis 2 aoe pion Emonasis of Matere craw anton r COM 19 pandemteatbreak la the sears snl arc stata, which desis he neces lang 26 pnd aa pan le Go ai rng enti ot oman the sesompangng setantones franca sama try! ends aren 2120 ae heh ‘apt parent on ote cevloprens “hs ohove maar anaio Bea apart os ot aha matin tho aut op ound by ve on ‘Wihloe founda stamens oe) socio companion yar ana March 2020, Garepnonie nl master nrspec thier (Nie 2 to tye scompaning sonadnes Seance siterels, repay uncity vlag to Tbeovrbly cures fecenabes and chercore ranc asst sgeeaengin ® 250k {EST bite respec a a 31 March 200, wher rprvei erous amour ond clams oro ‘roa unig trontn whan ae ovrson fr auton puad tran acy nov stro marco eapuaton, sed or Dell een oedema at pat expernce ‘hin rocgor emir eat, muragement of te Wet at fe atementened aknces fly Toews. Gucopnan ot mao ranpet fhe mati (Nn 5 tacoma consteted man seers egardng clan recip sar caries yo nae or anon ao acy oe ane LG covey ‘ils plod ve FED taser Grocion No. 1/206 unas he Fregn Sxchnge Manager [AC 00, Tha Meera oh faking Compay x mpresariod al he Holing Corp en be Prosans of ragaarary ere ett fg neceesany tonicaone wy te spores ser ee ‘cndonaon ot ieh aye ar tn pore Porat cs, ary, whch ms) ba lve Tor ee ‘irtavrtro oro fobs corned by ho ropa auertn repens not ma vessel lnformation ota he the Coneoistd Financial Sates and Auditor's Report thereon “Ts Holdra Company's Boat of Greer are reponei or the abr inemaon. Te cher nfornston ‘mpres he iaeaton aoe fhe Dear repo, tu dove nel noua tw oncldaed ancl ‘Snes dota report tee, ut pin ha ase ran aoats das ol ar hr foro ace do nt Srp ay lermarsrarens concen deren Jnconscon wt ou aut of he conta franca eens. a opcnaily eee! ha oor [Ratan a dg, cnscar wear to ahr taraion i mater tna wh ‘eneoidntoctaensa aenara ou tunagsebsinor nts od ono pesto oI ‘wi bead 0h wow awn paras we sna et ror = as mason {haath fm we ted rap at ot Wo ave nog opt ms ere an é (> matin &‘Walker Chandiok &Co LLP ‘Antony watts Handing Cal Lied fon sony Woe Hanan Ca Peng) independent ors Report onthe Auat she Congolete nana Statens espns of uragemnt and Those Charged wth Govemance forte Console Francia, Sent “he secompanyingcotcaod nani ttarats have boon eproved by he cling Cpr ow ‘irate Tati Compa Boar af Dacor espeshio ta raters saison 134) oe Ae ese th prepare thes soled ence ements ale ont Vowel conser tral pation sensei naraalnetoenanon lang ater camrekonie Income, enacted unten eauy an carsoa ach faye oe Group oe mth te ‘Seeoniny pss eeary estan eg hon A pas wu cota 188 0 a Aa She mabecve Soares Dretor-enegtnet be carpe eed owe Ceo ospone ‘moenanes agit aneontg wen aoandancs wth he proiara he Aeter sega of Sie aset ot tno Company an or pov an acing fade en cbr Wopus,eooston a ‘Spleaion ef eprom Securing fe rang Juris and stint ao faeenetle a ‘ators snd diy oles sod maonats of aaenune bisa rors ona, el mere ‘Soest ees ean bs asaya sree oho securing oer, ole Se [peswlon an prsetaten ofa corakes ian snares a wont a vo oe Fou fon mata naaatsrara whaler dew fa or aor ich hv boon wed forthe pps of [Reparation ne comoitits Sanc att he Choi ota Hal Capany eros In preparing he cuncates man stares, te resotive Bear of Deir ef the compari Ilion Gon espana rane he aly he Gruen 9 gg a, ‘Sekcrin et oops tatre ele tgringtncem anc ung te un crue bss ef ecu ‘Plow ta Saat f brdre eer mon eles ro Gp ot case penn ras no el ‘hose oa ies a ea repent fer oversnel te nani eprig pce becomes Insta mth Goa Aitors Reeponsibitis forthe Aust ofthe Frankl Statements Soa meee reer eee arenraeeertoormerrnem Sia oem reagtarmenat megemam enorme Sener oie seks eee ees ee eame ara ae abe on ate Ie me toae eet amu tees eetigeae menisiaen wcmurecactm tees nates Apron nuttin cordance Slane Act, We ear profs jotta sinin trace! sapien iaout he st Wi. Ident and osetia of rises mister fhe conocer, wn dt {btm error ceape an pero sl reso ogprs oes, i an au oon {fats fit! end repeat topo ab tr Sur eon ak re ira mata ‘Metsu fom od ign tr rane ang om are se Fu may mse cok, ‘gan, imariaral easton, meporontsor, oo ovarian foal cone ‘ian an wns littl onl eaento he sua order ane act procaine “Sroopiso ne aunstanese Unde sacion TX) ef he Aa eat aoe eon pose, ‘ur opian on wh th Hota Company has acute are apa Conas wih eens fo ‘rosea senate nace nae cosrang secon of uchcarls valuta he aproptaanee of sceuning polis used and easnaionss of aozouning estates frac lou rae by menage Pestaa ” ° o Walker Chandiok &Co LLP ‘Antony va ning Cl Lied aman ey at Haag Ca Pa ire Indepandant Austra Repo on the Aut fe Conacuaed Fn Conc on th apprpatines et nanenenante uo he gang coneom as of arcouning an. sae ‘ive aut endantaanos whtnera att! utan en elle onto or atm) ‘hs Sguscan oust enne sity fe Cs conan a gar team, fw cde 9 rat ‘hewn eis ms ae foqurudt Saw alerts aur eudlors epat he ated oer ne ‘ans steer fun danse nade a may cr opnan Ou oanaeune We sed ibe sul eugetee tamed up fo he dre of ov usin’ epot Houeve, re tensor ears ‘oy ous Grong sane loca aig conc on abet tho over psaisbon. suc nd enlan fth anlse nanil ates ek te ‘Souceure, one wiser fo coreokdaed neil lemons ore une Tasos and 1 ammunitowhase chard th governs grin. amarg er atthe arn sone ‘rc ring oe aul ah eon cu rags, axny any egies oar ral ara coon ur our ear on One Lega ant Regultor Requirements ‘send by mcr 16718) of tho Ac teed o ur ut. we pat hat ne Helin Comoany, ee 2) ‘Se'stsdony orpeescoverd nts th Al pa omuneaton ha epectve dete dua de Yor in croton the proviso ondenis Sow nde sakon fond wn Smee Vhs ‘Ae Furr wo opr (reece earoarisecvood wd’ Ae Fave pacar ronGeC Tt ‘hy manager eration cu te yer onan pong unr econ T9MG0) oe A ek ‘Spitaie nrepes such aumidaycanpoee ‘Agregue Sean 33) Ae based on ural nitration oto stares, ‘rere eh xo ap ot ‘wohave aught an cat othe mar ces nha Bass fr Osis Cynon secon. tate ll ‘he rorntn an eaparon wchotabot ur read oe wore mecca Pe puTCe Inouropnon,propertooks of econ segue ling ropa ha afro canes hana stares boon tots i apa rom eu earn hove booker rsh secs burt Svcs pengagh Se the Bs fr Guabes Open acson wh oat {Sinn tania ewes sia Cama tho console terial saber est wth ty th rept fe a arena wn tw rer books ot ‘Seoumlisned in pune ppsrton oe cranked inane stare oxcopt for ha posttest ofthe meter dered ithe Ses or Guid Option soeon, fn our Sein sora coca an ators on attr cen 8 of tre rato desobad pang 9 pan aph ofthe Soe Cues Open secon nd rghit ‘Fitates scion ne enfton may have at stvaneeecton be tunaionna dha adra Comoey, AS ruta es Prejese ets Lino attr ot iangGorgary anor rm Env Suan hee Lied ueleay eng Company Anony Lae Reson tary Prva mia saber et odin Gores) ga Anny shaacre ae Waste nage Sones Pet Lied easbany oftelire Carpe) Pages4) bw quoston etree ainanca of ects thr mati cet aroha Walker Chandiok Co LLP mutate are rm ma cn ine wan pretenses em Be ets fhe ld Compary ard en on ‘Get by ho Sou 9 Bretrs oo tang Company ang the reporter our ‘SheliosCompmiss conse sna Act rns orth Sac of re Cru compa ever rer ‘fe ct avo ces or on eh 7020 fom Sag opted acer to of octen 1842) eh [lpdageet doftie Suse Gua Gpnon seein rane lara Carry 1) ath supect athe ack of he ta rar aes wah reetence to franc samen othe Tide Sarouny ant aban compare cored sna theAe andthe coong ecivensy of eh Sra rina spat pe dee Spare 2020 enue an ‘wun rapt one aor rar eb ince in the Autre Repo it accornce wi ule 11 of he ‘Compas tat ant hucor) Re, 2448 cena. nb een ano he es eer on ‘escort ob aplanaons os |. expt for poeta aac fhe mater deseibes paragraph 3 fhe Bas fr Cus pron ‘Stor tacoma tran otrrante coro tempac of penang igabanson te conectes ‘onl poston ha Ga wrasse rH a ar) ee |e io id ot wo any Sogo contacts ncn dratv crac er which thar Were any 5 re wate na aout wh wor equ i bo tare io te Inver Edvstin ane Peiecean Fy tetany Gonpany Sneed corner cored ener Ac Sung tout ee ‘i wan 2020, i. tedaconice equine to eldrgs a wal as dealings pocorn nar sols [erie gored rome November 201610 30 Desurger 2078, men ot robwr oea Cece Fane etomor Honea poring ware Sues pa PebersnpNo-0812 Uowzoreeszannuacszz9 Pac: mba Bat 9 SpmbarWalker Chandiok &CoLLP Antony Waste Hann Cll Leite former Aor Watt Hang Cat Pat Lines {nsapendort hare Report on the Aust fhe Congolled natal Sateen Ut of subsidiaries ieladedin the Statement 1) AG Env tare Pra Lines 2), tony sa Era Soulone Pete 3) Aa La ros ray Prat 5) Anon ra ae nie Managemen Senices retain! 5 Antony Revie = Wis Patna. 2) tony ora erawabs “Tie spc ae en niall Bin, . Pogson‘Walker Chandiok&Co LLP Arony ata ding Cal Lind forma roy sing Ct Pri Linked) Independant Rodtors Report on ‘Consoiatea Financia Semen ‘Annexin to the Independent Autor» Report of even da to the mabe of Antony Waste ‘Rando ce mteson tm consobantad financial statements forth yer ended 3) March 2020, Independent Auto's Rept an the Intra fnanlal controls with reference to sonsolited financial statarents under Cause () of Sub-aocion Sof Secon 13 oft Companies Act, 2013, (te act) Inconon wow mat he console tran eamonts of Arey Vise Handing Cel Linde (tne Bald Company ad e metre ie isng Carpe ants suadanesteneer erat {Sinn aver Snore yoarenond 9 eh 202, have sind he eral ancl sol inlet anal ater he king Campany se (6) Sober compares Meh ‘ee conparce arcs masts Ae ae ‘Respoaiities of Menagerent and Thote Charge with Governance for intral Finacial Contrle “The maps Barf rots of he Holey Compa adits (sbi comparian, cn ae ‘Tigi cou anes inch as eaonssioreantanng aaresainng mera naa ro ‘nut on tw Ica tensa cone wen rtrenen to aria Slaarans eerste Oy Fang Campay sonar theese compare of ral coro! stated nthe Gucence Neto ‘Aoi nent Fir! Cal ovr Frans Repeng (ne Gudanoe Nate) ste by te eae Ghatared Anaunets of Inde (CA). Thore waperestbes ile to deagy, mpereaton an ‘inrarc ct saat rnmel orl corre bes wer cuatro x eau the cai rd fiers condi af he Company's buses, mang ashore the Conan poles. he erat nts pre ino ting women angeait ‘Auditors Responetity forthe Aut of he inten Financial Conbols wth Reference to Fnancla ‘Our osonsaly 7 agrees an opt on Be ngmat Bansal cons wih fron otal stat the Hong Sonpany ar (solr soranises fren, taped ono ec ‘con pr svt nscxtedanes tne Stancarér on Ating aby he CA sete use ‘estan (0A. ont appease > an aust tral neil coro wh freee ‘rato strton, se lo Gakaes ee ues by Uw I. Te Sanda ath Gude Nee ‘See wees wl aa qarmain ant pan and et the suc otainressoble ‘eho alin fue acomate ‘lama! anal Cones wy wane te coveldeted tne ‘Inet wr narod nde ae nach col cpt foc a atl ee, ‘curauttnvlos parcin procedre tocbinin us cence cbt te sceaacy fhe era rac ‘Set aerenc to steotsed foe erent ard fae cpersig teavenens Our Euc o! ‘Son aural ces van rence arose nese obairy an eran of uh ‘i cn eer ha ft ae won na neg pang ‘dsnand apart stcivnons war cone bane on ha aurea Yok. Te roca see (pe cr te uglrs japan nang Ine Sear te tne of real masts te We tae tha ne aut nonce we hve oad suit aap e previ a bas ox our ‘ual ut olson a earl en! ore neon ferences a ho Felrg ‘roan ona (ah cubs coven a soo. ‘Meaning of ternal Finaell Controls wih Rtoronso to Financia Statements ‘Acampora wh ros onan etalon 2 proces dare oce ‘Resotone aoncones rearing te ekaity fend reporig and We prpaabon of ane ‘Suc or axa purpose nacoresncs th nal seeped astursng panos Aeon [oral enc! cnc th ference fo nance Stats ede owe plex ar roezduae Bl Ghbetan to he manish ie remonatle st, sonrtiy ar ty. roc he ‘ete nwt fe ne ho coma, eran mia a Page 7078Walker Chandiok &CoLLP Antony Wasi Hendiog Ci Limited ama Ato Wot Hang Cat Piet Lite) Ingandart Roars Report on he Aust fhe Console Final! Sates ‘Aanenur Lion) azcetanow win cone ay sod acount, as tsps nd expan oh pany ‘Seong nace enn cosine wih suhasione manga snd reser fhe Company a6 (Ghproteeensantic essraren oti prevrion er tney docon wore sexu, ue, Sze tte canny cos ft Gaus nov sate ie he reno sales Inherent Linitainsct Irena Financial Control wh Reference to Financia Statements ‘Peaing te posts colo orimpeper maracamant erga aia, mara trent dntoaror otras mo ocd selsod Al pce fan lst ora ane ‘rvs nk fren o conan ancl stant arn part er uj! ak ate ‘era nal ari efrenc'o franca sanmert may eco madegune bcos cee ‘Senaeon. rte enna coma wi ne lose cose ry aera ‘uattes Opinion Asn he nematon andeslonin eno stan or al posed pono he ‘Siig aaa ten a evened pe poring cnr os ey Comers “he ling Compan instal rari cont avant apart wh spc! tho secant of ‘Uh Sowences rote cals fay extedn No ot wt corals rnc itarets) ‘trem cprting etn on cous penta eu ams rast hse a ‘Ficoacnacw tae table en esoarimpason rotenone raps aon De Sosrended St Wario ‘ini weak is cecene, or # combination of dese, nal andl eal wh ‘int i enechdes ene serena, sok ta har 9 reaeomel pay hot mal ‘roetonan of a tomar ars! fares! stants wi fl be eerie or codon rely nau opin, the Haig Conpary ad i (6 suelo comeanes, which are conoanios coven Unset atm a espe ssoqs ema nonsl cane wrtranolo oreted ‘nan corn a 3t Mass S20 fare a emma onc onl ath rare Sa ‘tsar cara etic y tna aking Corey concen Be eosttal componors ef teal erste he Games Ht sid AY ae cat Ue foal tte ‘Sorpye‘cnd tt (el suboioy capone hrs france! ces wm corer fe trent ‘Sat we oportng whey ae 9) ach 200. Wa have conser moar! weakest and apo bore in dterrna the nto tin, [niet ud ote splod nur so of he sake fran stlemens of he Grub oe a are {tripe yw ana ah 220, ob iota woinees tt sorted ur prion a he corte {ancl atten! to Grup ad ro have auc 2 guia oninen of he conoid Mane pio opeszananiaszee Der 10 Septrbers020oo ising a Lm yA as etn RA te - ea kml Sheen a “ae ‘ae a Z > OS rposonio sss * ae ios Bored maton ces men s is i =a — poet rteretee “ goo = —_t—e —— 2 8 al caenhene ——— ceaueees a ter sang rere ra ow ' Eng pe nguiy share ” eee i ae = o ci ye Ne matirern Sra ato insane Fe een‘Antony Waste Handing Cell Umited (frmary Kron as Antay Waste Handling Cou Privo Lint) Summary of significant accounting polcles and other explanatry information tothe consolidated financial satemonts as at yor ended! 31 March 2020 Noe (2) Corporate intormation Antony Waste Hancing Cll Lites rman known as Amery Wests Harcing Cll Pvt Lined) (be “Company of he Hsing Caran or he "Pare Company’) is subsides (clectvay refered 0 ts the “Grou ani i Jot ventures engagaa ine busnoes of macharcal power eweepng cf rods, ‘oleeibn snd transposon of wae, was fo energy projet and underace tre designing, const, ‘operon and manta ofthe lvegated waste management acy Kenkrmarg, Mumba ‘The registeres ard! extporata of ofthe Company i stale at 1408104 Dev Corpora, Thane West, TMumbal 400.607 The Company wes raorparatad on 17 Jrusry 200 (IN. LOOUDTRZ2001PLC} SONS). “These consis ata etiternants ofthe Group fe the year ended! March 2020 wore aperoved iy the Soard of Directors on 19 September 2020 (©) Signiteantsecounting poles (0) Basis of Preparation “The Conary has prepares ts connie farsi stlemens to comply al mato rospocis| wth the provisions of the Conpenies Ac, 2018 (tye Act) and os ame! thereunder fccordance uh the naficsionfesied bythe Minty of Corporat Afar, te Company hes ‘vopted inion Aovourtng Stancarce (Ind AS) nated under the Companies (iy Aosaunt ‘Standards Rules, 2016 under Seton 135 af a he. ‘The consldeted fa statements have Been prepred on a hss cnet convention ard ‘otra bol, exoep far the certain fan aesels ad elles that are measured afar vale. Fai value the price tat woul be received to sean essot or pao ransfer a abi in 2 ‘Suey taneacion bstimen market paints athe easuremert dae, rgarcess of what that pice is drecty obvervatle or axtmetad using erothorvalaan ei. estan the far value of sn aso! ova labile Group lake ro account the characte of the asset [ny # mane parionerts woul take thave caracerstes Io gecourt when prlcng to asst (rally tthe measurement dale ‘Althe gssels anion exeopt for dteres tax have boon casted ae caret of non curt ‘t par the Group's nora operaing cel of fe Group end ater ertaria stout in Schedule I tho Companies Act 2018, Saaod! on the nate of proaila ard Line Bctvean the aocustten: of els fr processing ar! he fealzton In cash or eh enuaerts, the Group hae aserisined lie operating ejla the month for the purpose of erent son cuter eaciieaion of ‘sects nd bites ered tax assets anlabites are cise as nan-cutent only ()—_Ciiticl estimates andjudgements ‘The estinaloe and jcgerents used i the proparain ofthe consisted franca sstemsnis {He coninuoly evausod by te Greup andor bese on Metres experience and vareus ater Sinplons ane facto (ncludng eepecttions of fie evrts) ba the Croup bavea to be ‘esscnabl under he exingGcurstance. Exar of sh estate nce te uel ives ‘tproperty, planter eospmont, vin for doubts Seis advances, valuation of deferred tx stots, fle ebigatons In rerpect reverent nenet pana eta biferances between acta) els and estates sre recognised the palo In wich ho reuse owninetriaised “The sed estates exe baned on the fais ané event, hat isd a a the reporting date, or hat Ccoured ater that dite But prodde accltona exidonce about condters exsing 28 st the reporting de “This note provides an overview of the araos thet invoked a higher deoree of hudoement or rigloyand of ions which are more lel to be matrialy adusted dve to estimates an Simp trang ou to be deen han those osalysuseacoa‘Antony Waste Handling Call initd (femal own 9 Anny Waste Harling Cal Privat Lime) ‘Stmnmory of significant accounting potcles and atherexpanatory Information to the eonsolidatad Financia statements ao at yeor ended 31 March 2020, Useful tives of propery, plant and equipment ropary, plant and enuipnent represant a signfcant proportion of ho ascot base of the Group. ‘The charge i ctepedt of perode deprecation ie derives fer dete an estiato ofan {Mets expect use [fe andthe exposod esis value athe od of fe. Te use es ‘nd rial veuoe of Groupe asco are determined by te management athe time the assets ‘equiod and reviewed peelealy, ncluing a each ego date “Valuation of defered tnx assets In assassin the reslseby of deere inamo tnx asso, naraponent considers whee some Dorion er at of the ceferod income ta attets Wil not be realbed. The uimate realisation of {Stores ineane tax sets Sepencen upon te genera of ure twat ecome au Ne Der In which the lemporsy difereneas.becema deductsla. Management conser te ‘chodled! covereals ef defer incom tox bills, projected fur taxsble income, snd ix Danning stratep in mg this assent. Basco" the evel of stoic tarable noome end Projectors or uur tmxale come ave the pero In which the defered income tax asses are ‘Socusibe, managerent beleves that te Group wil reise the benefis of those gaductllo ‘ferences. The amount of to Setered nome tax astate considered realisabl, however, coi fh reduced i he ne tam females of utr axabie neem dung he ery forward pros sre reduced. + Defined bene obigtion “The coat and recent vale of he getty ebiloton and compensated absences are deteined dong acvaral valitons. An acuaeal valsaton holes makin varius sseumpilns tht Ray (der from actual deveopmeris tthe ture. Those ned th dekominaton of he dscour ae, fre sary Ierescee, ston Yale and moray fats. ue to he complowtes valved ints (alustion and te liga ature, defined bontt aigsten ie My kent fo changes these assumptions. Al accurpios ae reviewed st eoch resorting date, + Share-bas payments Estinatag fr vol for hare-baced payments requree delarminaton of to most aporopita ‘ruiion model isn fs dapendont onthe tems ad canctione of he gram. The estate a0 Fequres deerminaton of the most appropriate nputs to fe valvalan mode including the (rpocte fe ofthe opton voit and dvd yea ara making eseurpiosenou thom, + Impairment of nancial a “The impairment proviso for financial aeseisdglogad re based on atsumptions about risk of otal ond orpaced oss rates. The Group uses jugomert in mang hese aasumetona cid Seeving the outs b the wresimen! cleat, besed onthe Group’ past history exe mart conditions a uel forward foking estinales athe end of each reprirg period + Leases Ing AS 110 requies lessees lo determine the ease lerm ms he no-caneaabe pores ofa losso usted wh any opton > ete or trminate the leasa, the use f such opto Is reasonably Soran, The Group makes an assessment onthe expected lease arm on a ease-byseaso base fend thereby aasesooe wheter i's roaeoably covtain Pat ay options to exind or ferminats the ‘Conia be exercked In valuatng the lease term, ne Group Considers Tis sun 38 ay Snitcant lesshad improvements underakes over the Tosco tom, costs raiting fo the termnatan of te fase andthe lmperianco ofthe uneing assel tothe Groups operations {sting ino aocount te locaton othe undoryog asset ad th avalaby o subi allorales $F leaue fermi uur perc ie reassessed fo ensure that ine lease tor rect the curren ‘eonome ereumstanes. After eageing cfent ara eure economs conatons, te Greup Na) re red to oat pared relaing othe oxsing see eons.Antony Waste Handling Cell Limited very kro ‘Antony Waste Hanlin Cot vate Lite) ‘Summary of significant saceeunting policies and other explanstory information tothe consoléated financil statements ax at yew ended 31 March 2020, Principles of consoldation and equity accounting Subsidiaries ‘The consoled fnncisl statements ngorporate the fhencial sttements of Antony West Tcling Gal Lined ae hs subetbares, A sides love's paring dat ot March “The Group enero central an onyifthas the alow: 2} poner overthe ently 1) exposure, rh, fo variable rls fom tf jnvoherent wth te ony: and ‘| the aby fo use ts 2ower over te ely fo afc the amauta, “The Group easseneo, whether tonto an only fats and cumstances ina hat here {changes to one or mote othe trea womans af coral \inen the Group has 688 than maonty of the voting his ofan invest, has powor over ho Investee whan ie voing gis we sutisent to ge the fractal ably to dret the relevant ‘civics of he investea unistoraty. The Group coreder all vant facts ene ereumstanen Sssessing whether orl tbe Group's voting righis in an invests are suficent ge i power, frewting the las othe Grass holding of vling his relative tothe size and dispersion of hokage of ober vote hls potential voting ras held bythe Company, hor vos hole other pare: 6} apis aisng for aor coreactal arangerens: ard 6) Sry adiona favs ane dreumstancos that iat Ys he Group oa, o doos ot havo, the Curent soy to eect the retevant scl atthe fimo thet eclions need to be made insecng vn patems at pevous shareholders! meetings ‘consaidation of a eubsisary begs when the Group obisins contol over the subsidy ant ‘aes when the Grote loses contol of te ssi. ‘Seacicaly inom and expanses of subsidiry sequked or sspaood of euing he your are Irelued in the Cowoldsted Summary SLtcmort of Profit and. Los. (ecudng Other ‘Satin 1 ne ivonpetion contanes in the faandiel statement. Furthr. addon! statulry Intoaton dclosad separate lineal statements ofa eur andra pron Maing nO tooring on fe true and far view of tho franca sates has not been dlclosed in tose, ‘angolssed nancial stern‘Antony Weste Handling CallLinted (rxmory known as Aneay Waste Handing Ca Pile Lite) Summary of significant seeaunting policies an other explanatory information to the consoliatod financial Statements 08 ot year ended 31 March 2020, {™) Revenue recogntior Ccolletion and transportation of waste & mechanical power sweeping of roads Revenue em calstn and ransporation i ecogrzes when the senices have besn pereree, Revers produto quay ef sold wats tomano calcd and Wanspered to ta spentodin ‘he agreement wih hs custo, Pstrmance obit incase of eallacton and transportation of was sealife at # point in {ie wher th ectual seven poformed Le on he baie sald waste tonnage cota. “Transaction pce & fe amount of consieraton o ubich the Group expects fo be ened in hang fr transering good er seve to cslome excluding smurts cates on bell f ‘third ber, Revenue is recognizes nthe Ssirent of Prof and Los oho exe thalt\s probable thet the feconome tenetts wil ow 10 te GIeup and ‘he revenue end cost, applcabe, can be Ireasured realy, Te Group reeognies ihe revenue where tha perenne obigaens are sted ata time Accrued revenue ete cased as Unbied receivables (ony act of Invoking ls pending) when there 1 uncordbonel ight fo feoeve cash, and ony patsago of tne Ie requred, 25 per Corrales ale soarsagly Gssiie ine thar fat esses Conte to abana eanract which ae hued regarcess of whether the corral was oblnes are harned-ff in Satomert of Proft and Locsimedtay in the period i whieh such cos Be froured Service concession arrangements ‘The service conoessin arrangoment has beon acoounied under tania esses as well as Insngtie arset mode Tho Group feccgnses francal ase arising fom sevice concession ‘rangement tothe aren hasan uncuona! eonracul nt race paymort and the Tasiual Is recopnsed es nang aest arco I rogrocots right fo charge for services prove. Facial asec ana inangiie asset are Inialy recognised at thar fat value. Coioct coe! & Feccgnised es te tol cost ited wards the Snanoal assets, tangle assets ard intangible soot under dovetomonl, Contact Teverue represents revenue fom coirats wherein the porlormanee osigator ls seusiey over pred crime and revenue i recogrizes by adtonaly Coping apectice mez on the tt! eaet cured toner te finance! easels snd langle Sete nderdavecprent Subsequent foal ecegritor: financial ase ate recognised st amorised cot. and Intangble estes are momured af cot, less socumulated amortisation and accurate Revenue ram tiping feos ‘Winer the Company salisies & parlrmence obligation by delivering the promised coeds or erver'it centos 9 conte! asset based on the amount ef coneieraton eamed by the performance, Whefe he sour of conscoratonrecovod om a customer exceecs te amount ch Fevenueracogriees tie givesrse to a conract Lali Income from sale of goods ond soraps Income trom sale of goode and scraps ae recognised at tine on which the performance ‘higaton i saisied The pared over wiih revenues recomised is taaed on ens rato payment for perfomeroe completed. in eelrmining wether an eofly ha ight to payment, the Exig shat concer wrethar tous haven earcealo right to comand or rtan yan for, Performance complete a dat[Antony Waste Handing Gell Limited (rmor known as Antony Wate Handing Co vets Lite) Summary of significant accounting polcles ard etner explanatory information to the consolidated financial atatements es al yor ended 31 March 2020 Interest incom for eb ntuman’ ie rcognicd using te ofc inlet rate methos. The ‘Geceve interest ata the rte tt exacly scouts exinates fare cash cepts tnowh he ‘Stpecte ie. of the finan! eaaet fo the gross carving amount of Iaanel acco. Whar ‘luting the eects rest ae tne Group ectinats the expected eas lows by consceng Sl be corrorias lant ofthe Ana insument (or example repeymont erin eal and ‘hn options bt oes na cnsiar he expated cet oes. Dividend ar recoged f Conidae Statement of Profit ans Loss ery when tho Fight 10 fecene payment # euabligned.t'9 pronane thatthe cconomic banets associated withthe ‘Sysduedw ow tthe Group, and he aroun ofthe diidend ean bo Moesured rb. Cone income recognized as and when due or tcehed wichever is eave. (Leases “The Group hes adept Ind AS 116, ‘Leases with effet from 1 Ard 2019, The Group assesses at convact neplon athe 2 contacts contains, s ease. Tht the con’ conveys ho Fiuhtlo cov ho usec an antes ssao fr a pono a te owxcharga fr eaneioraon, + Group ae aosse “The Group applies a she recogtion ard measureant apraoch fol eases, exept for shore {erm lease anc leees of owe asl. The Group recognises lease lanlis to make lease ‘symone and rhs orsetsreprosenting re rho use fe underying sel, Right-of uso assols “The Group recognises rightouse assets a the commencement date of theless (ie the dato the unvotiyig asset valet for use), Righoture soos ate measured at coat ese ony ‘taumulted depreceton ane mpaimant losses and adhsted for any remensurerant e lease Tics To cos of rehtatuee asset Incides the amaunt of eae labiics rocogisd, a (est costs ncred,dlerec eaee components of sony deposi a ease payments made at fr before te conmancament dale o6s any lease cones receved. Urless the Group FRaconabiy eariain to obtain ownership of fe lowsed asa st fend of ho Tease form, the Fecogrised igiterucs saute aia cebraiated on @ sraghsine asis over Te shot Bf fe (Sirota usellife eth lest term, Figo" Use aose are suo to pater. ‘Lease tabitios [Ate commencomert date ef the laa, tha Group reenenists [eae bites messued a he frsont valve of las payments to be made ever Ine lato tr. Tho lease payrens neude fred paymers (raking Insubelanco Tos payments) fess ay lease Inenives receivable, Wardle fonsa peymerts hal depend on an index or ae, en sreourts expected to be pad Under reiausl value guaraniser "The lease paymers iso Incuae the exercise pce of = [urchoce option reasehabiy carn fo ba exerelse by the Group snd paymants of porate [or formating’ lease he lese len eee the Group exoresig th opton fo terminate. The ‘arable lease paymesi hat donot depend onan Index orate are recognise es expense ih {he pend on which re evel. cauion thal iggers the payment cz In callin the presen value of ease peymerts, be Group uses ho ineremial barring ale 2 ‘te love commencement dala f the sforst ate impiek In the feese Is rat road Getemirabi, Aer tha commancement cate, the ano.nt of ease lables Is reseed i elect the acefolon of ites ang reduced for fe lesue paymonie mado. In oddon, the caryeg ‘Shourt of lose site ie rempesired there iss modiabon, change in the lase eh, hang nthe i-ssoeance fed lease payruens ora change the aseessment fo purchase he dering esse