Annual Report

SRI SRINIVASA DAIRY PRODUCTS PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2018 to 31/03/2019
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
SRI SRINIVASA DAIRY
Name of company PRODUCTS PRIVATE LIMITED
Corporate identity number U15201TG2003PTC040820
Permanent account number of entity AAHCS1709C
4-6-465 , ESAMIA BAZAR ,
Kothi Hyderabad Andhr
Address of registered office of company Pradesh , TELANGANA ,
INDIA - 500027
Commercial and
Type of industry Industrial
Registration date 10/04/2003
Whether company is listed company No
Date of board meeting when final accounts were approved 27/09/2019
Period covered by financial statements 12 MONTHS
Date of start of reporting period 01/04/2018 01/04/2017
Date of end of reporting period 31/03/2019 31/03/2018
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
Complete postal address of place of maintenance of computer 4-6-465, ESAMIA
servers (storing accounting data) BAZAR,KOTHI
Name of city of place of maintenance of computer servers (storing
HYDERABAD
accounting data)
Name of state/ union territory of place of maintenance of
TELANGANA
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
500027
accounting data)
Name of district of place of maintenance of computer servers
HYDERABAD
(storing accounting data)
ISO country code of place of maintenance of computer servers
91
Name of country of place of maintenance of computer servers
INDIA
Phone (with STD/ ISD code) of place of maintenance of computer
04024732806
servers (storing accounting data)
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2018
to
31/03/2019
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 2105
ICE CREAM &
OTHR EDBL ICE
Description of product or service category W/N CONTNG
COCOA
Turnover of product or service category 83,94,41,462
Highest turnover contributing product or service (ITC 8 digit) code 21050000
PRODUCTION OF
Description of product or service ICE CREAM
Turnover of highest contributing product or service 83,94,41,462
SRI SRINIVASA DAIRY PRODUCTS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director SUDHIR MADAN GOVINDDAS
Middle name of director MOHAN DAS PARMANANDDAS
Last name of director SHAH SHAH
Chairman &
Designation of director Managing Director
Director
Director identification number of director 00616244 00616052
Date of signing board report 27/09/2019 27/09/2019
2

01/04/2018
to
31/03/2019
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair As Per Director's Report
Disclosure relating to amounts if any which is proposed to carry to any
As Per Director's Report
reserves
Disclosures relating to amount recommended to be paid as dividend As Per Director's Report
Details regarding energy conservation As Per Director's Report
Details regarding technology absorption As Per Director's Report
Details regarding foreign exchange earnings and outgo As Per Director's Report
Disclosures in director’s responsibility statement As Per Director's Report
Details of material changes and commitment occurred during period
As Per Director's Report
affecting financial position of company
A s
Particulars of loans guarantee investment under section 186 [TextBlock] Per Director's
Report
Particulars of contracts/arrangements with related parties under section A s

188(1) [TextBlock] Per Director's
Report
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Details of statement indicating manner in which formal
A s
annual evaluation made by board of its performance and of its Per Director's
committees and individual directors [TextBlock] Report
Date of board of directors' meeting in which board's report referred
27/09/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) A s

[TextBlock] Per Director's
Report
Disclosure of statement on declaration given by independent directors A s

under section 149(6) [TextBlock] Per Director's
Report
Disclosure for companies covered under section 178(1) on

A s
directors appointment and remuneration including other matters Per Director's
provided under section 178(3) [TextBlock] Report
Disclosure of statement on development and implementation of risk A s

management policy [TextBlock] Per Director's
Report
Details on policy development and implementation by company on

A s
corporate social responsibility initiatives taken during year Per Director's
[TextBlock] Report
A s
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock] Per Director's
Report
A s
Disclosure of financial summary or highlights [TextBlock] Per Director's
Report
A s
Disclosure of change in nature of business [TextBlock] Per Director's
Report
Details of directors or key managerial personnels who were A s

appointed or have resigned during year [TextBlock] Per Director's
Report
Disclosure of companies which have become or ceased to be its

A s
subsidiaries, joint ventures or associate companies during Per Director's
year [TextBlock] Report
3
Details relating to deposits covered under chapter v of companies act A s

Report
Details of deposits which are not in compliance with requirements A s

of chapter v of act [TextBlock] Per Director's
Report
Details of significant and material orders passed by

A s
regulators or courts or tribunals impacting going concern Per Director's
status and company’s operations in future [TextBlock] Report
Details regarding adequacy of internal financial controls with A s

reference to financial statements [TextBlock] Per Director's
Report
Disclosure of contents of corporate social responsibility policy A s

Report
Disclosure of appointment and remuneration of managerial personnels A s

Report
Disclosure of composition of audit committee and non-acceptance

A s
of any recommendation of audit committee along with reasons Per Director's
[TextBlock] Report
A s
Disclosure of details of establishment of vigil mechanism [TextBlock] Per Director's
Report
Disclosure of policy formulated by nomination and remuneration

A s
committee relating to remuneration for directors, key Per Director's
managerial personnels and other employees [TextBlock] Report
Number of meetings of board [pure] 7
4
Disclosure in board of directors report explanatory [Text Block]

DIRECTOR’S REPORT To The Members, Sri Srinivasa Dairy Products Private Limited. Hyderabad
Your Directors hereby present the 16th Annual Report of your Company together with the Audited Statement of Accounts and the Auditors’
Report of your company for the financial year ended, 31st March, 2019. The summarized financial results for the year ended 31st March,
2019 are as under:
FINANCIAL RESULTS:
(Amount in Rupees)
Financial Indicators 2018-19 2017-18
Net Sales / Income from Operations 83,94,41,462 71,57,13,983
Other Income 20,37,415 5,72,027
Total Expenses 76,41,57,651 66,67,55,229
Profit Before Tax 7,73,21,226 4,95,30,781
Current Tax 2,23,71,017 1,32,44,575
Deferred Tax -50,15,831 6,41,504
Profit After Tax 5,99,66,040 3,56,44,702
DIRECTORS’ RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act, 2013, the Board of Directors confirm that in the preparation of
Profit & Loss Account for the year end and Balance Sheet as at that date (“Financial Statements”) that:
(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating
to material departures;
(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit
and loss of the company for that period;
(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
5
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(d) The directors had prepared the annual accounts on a going concern basis;
(e) The Company being unlisted, sub clause (e) of section 134(5) of the Companies Act, 2013 pertaining to laying down internal financial
controls is not applicable to the Company; and
(f) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
DISCLOSURES UNDER SECTION 134 OF THE COMPANIES ACT, 2013
State of affairs of the company:
Your Directors are happy to state that, during the year under review your Company has achieved a robust turnover of Rs. 83,94,41,462
(Previous Year Rs. 71,57,13,983).
Dividend:
In order to strengthen the internal accruals, your Directors are unable to declare any dividend for the financial year 2018-19.
Deposits:
The Company has not accepted any deposits during the period within the meaning of Section 76 of the Companies Act, 2013.
Transfer of Unclaimed Dividend to Investor Education and Protection Fund :
As the company has not declared any dividend, this clause is not applicable.
Review of Business Operations and Future Prospects:
Your Directors are optimistic about company’s business and hopeful of better performance with increased revenue in next year. There was no
change in the nature of business of company.
6
The details of directors or key managerial personnel who were appointed or have resigned during the year:
There was no Director who was appointed/ceased/reelected/reappointed during the year under review.
However, Mr. Govinddas Parmananddas Shah was appointed as Chairman of the Company and Mr. Sudhir Madan Mohan Das Shah was
appointed as Managing Director of the Company at the Board meeting held on 20.06.2019.
The names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year:
The Company does not have any Subsidiary, Joint venture or associate company which have become or ceased to be its Subsidiaries, joint
ventures or associate company during the year.
Material Changes and Commitment If Any Affecting the Financial Position of the Company Occurred Between the End of the Financial Year
to which this Financial Statements Relate and Date of the Report:
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year
to which this financial statements relate on the date of this report.
Statement Concerning Development and Implementation of Risk Management Policy of the Company:
The Company does not have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal.
Details of Policy Developed and Implemented by the Company and its Corporate Social Responsibility Initiatives:
The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not
applicable.
Particulars of Loans, Guarantees or Investments Made Under Section 186 of The Companies Act, 2013:
There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under
review and hence the said provision is not applicable.
Particulars of Contracts or Arrangements Made With Related Parties :
During the year under review, all the related party transactions that were entered into were on an arm’s length basis, in the ordinary
course of business and were in compliance with the applicable provisions of the Companies Act, 2013 (‘the Act’).
Explanations or Comments on Qualifications, Reservations or Adverse Remarks or Disclaimers Made By the Auditors in Their Reports :
There are no qualifications, reservations or adverse remarks made by the Auditors in their report. The provisions relating to submission of
Secretarial Audit Report is not applicable to the Company.
Company’s Policy Relating to Director’s Appointment, Payment of Remuneration and Discharge of their Duties:
7
The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable to the Company.
A statement on declaration given by independent directors under Sub-Section (6) of Section 149:
The provisions of Section 149(6) relating to Independent Directors are not applicable to the Company.
Disclosure of Composition of Audit Committee and Providing Vigil Mechanism:
The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the Companies (Meetings of the Board and its Powers)
Rules, 2013 is not applicable to the Company.
Details of Significant and Material Orders Passed by the Regulators, Courts and Tribunals:
No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company’s
operations in future.
Weblink of Annual Return:
Pursuant to the provisions of Section 36 of the Companies (Amendment) Act, 2017 effective from July 31, 2018 read with Section 92(3) of
the Companies Act 2013, the prescribed annual return is placed on the Company's website at https://www.scoopsindia.com –Enclosed as
Annexure
Maintenance of Cost Records:
Maintenance of cost records is not specified by the Central Government under sub section (1) of section 148 of the Companies Act, 2013 to
our Company.
Details of Board Meetings held during the Year:
Secretarial Standards as applicable have been complied with.The Board of Directors met 7 (Seven) times during the financial year ended
March 31, 2019 in accordance with the Provisions of the Companies Act, 2013 and rules made there under which are as follows:
S. No. Date of meeting Total No. of Directors on the Date of Meeting No. of Directors attended % of Attendance
24.04.2018 6 6 100
20.08.2018 6 6 100
21.09.2018 6 5 100
24.01.2019 6 6 100
15.01.2019 6 6 100
07.03.2019 6 6 100
8
08.03.2019 6 6 100
Subsidiaries, Joint Ventures and Associate Companies:
The Company does not have any Subsidiary, Joint venture or Associate Company during the year under review.
Adequacy of Internal Financial Controls With Reference to Financial Statements:
The Company has in place adequate internal financial controls with reference to financial statements. During the year under review, such
controls were tested and no reportable material weaknesses in the design or operations were observed.
Statutory Auditors:
M/s. Laxminiwas & Co., Chartered Accountants, Hyderabad (Firm Registration : 011168S) were appointed as Statutory Auditors of the
company due to the casual vacancy of M/s. NNV and Associates, Chartered Accountants, who has resigned on 09.01.2019. Being eligible
M/s. Laxminiwas & Co., Chartered Accountants, Hyderabad (Firm Registration : 011168S) have been proposed to be reappointed as
Statutory Auditors from this Annual General Meeting till the conclusion of the consecutive fifth Annual General Meeting.
Disclosure as per Sexual Harassment of Women at Work Place (Prevention, Prohibition and Redressal) Act, 2013:
Your company has zero tolerance for sexual harassment at work place and has adopted a policy on prevention, prohibition and Redressal of
sexual harassment at work place in line with the provision of Sexual Harassment of Women at Work Place (Prevention, Prohibition and
Redressal) Act, 2013 and rules framed there under. Internal Complaints Committee having designated members has been set up to redress
complaints regarding sexual harassment.
No complaints have been received by the company on sexual harassment during the financial year 2018-2019.
Particulars of Employees:
None of the employees whether employed through the period or part of the period were in receipt of the remuneration exceeding limited
specified under section 197 of the act read with rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014.
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo:
The disclosure of particulars relating to energy, power and fuel consumption, Foreign Exchange inflow and outgo are furnished below:
Conservation of Energy -
Research and Development : Not Applicable
Technology Absorption : Not Applicable
Foreign Exchange Earnings : Nil
9
Foreign Exchange Outgo : Rs.3, 52, 91,579 (Euro3, 77,527 &Aus Dollar
44,900) detailed as under:
Towards Capital Expenditure: Rs.3,10,00,779/- (Euro 3,77,527)
Towards Raw Material & : :Rs.42,90,800 /- (44,900Aus Dollars)
Consumables
ACKNOWLEDGEMENTS:
The Board of Directors take this opportunity to express their deep sense of gratitude to various departments of Central and State
Governments, the Bankers and other Financial Institutions, the Suppliers, Service Providers, Customers and Shareholders of the Company for
their continued assistance, support and guidance.The Directors wish to place on record their appreciation of the dedication and efforts put in
by the employees of the Company at all levels.
By Order of the Board
For Sri Srinivasa Dairy Products Private Limited
Sudhir Madan Mohan Das Shah Govinddas Parmananddas Shah
Managing Director Chairman & Director
(DIN: 00616244) (DIN: 00616052)
Place: Hyderabad
Date: 27.09.2019
10
ANNEXURE TO DIRECTORS REPORT
A. CONSERVATION OF ENERGY:
1. Energy Conservation measures taken by the Company:
· Reducing the maximum demand by evenly distributing the loads throughout the day and increasing efficiency of plant and equipments
· Improving power factor by optimum choice of power factor improvement capacitors
· Monitoring the overall energy consumption, by reducing losses and improvement of efficiency of all utilities
2. Additional investments and proposal for reduction of consumption of energy:
· Company is making all the efforts for reduction in consumption of energy, mainly by way of replacement of existing equipments by
modern & energy efficient equipments.
3. Total energy consumption and energy consumption per unit of production as per Form A as under:
FORM A
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY
PARTICULARS 2018-19 2017-18
11
Production of Ice Cream [Ltrs]
A] POWER AND FUEL CONSUMPTION:
Electricity
(i) Purchased
Units [Nos.] 2032336 1774956
16303301
Total Amount [Rs.] 14571940
Rate/Unit [Rs.] 8.02 8.21
B] CONSUMPTION PER UNIT OF PRODUCTION
Electricity (Units Nos./kgs)*
Coal (Kgs/Litres) - -
Diesel (Litre/Litres) - -
(*Continuously kept in Negative Temperature till it reaches the Consumer)
FORM B
RESEARCH AND DEVELOPMENT (R & D):
No significant Research and Development activities were undertaken during the year. However efforts are being made to reduce operational
costs by adopting optimum/shorter processes.
TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION:
The Company adopts the basic technology provided by the research associations.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
12
Exports during the year amounted to Rs. NIL.
Foreign Exchange Outgo : Rs.3, 52, 91,579 (Euro3, 77,527 &Aus Dollar
44,900) detailed as under:
Towards Capital Expenditure: Rs.3,10,00,779 /- (Euro 3,77,527)
Towards Raw Material & : Rs.42,90,800 /-(44,900Aus Dollars)
Consumables
(DIN: 00616244) (DIN: 00616052)
Place: Hyderabad
Date: 27.09.2019
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31.03.2019
13
of
Sri Srinivasa Dairy Products Private Limited
[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I) REGISTRATION AND OTHER DETAILS:
i) CIN:U15201TG2003PTC040820
ii) Registration Date: 10/04/2003
iii) Name of the Company: Sri Srinivasa Dairy Products Private Limited
iv) Category / Sub Category of the Company:Private Company having share capital
v) Address of the Registered office and contact details:4-6-465, Esamia Bazar,Kothi,Hyderabad, Telangana - 500027.
vi) Whether listed company (Yes / No) - No
vii) Name, Address and Contact details of Registrar and Transfer Agent, if any - NA
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:-
Sl. No. Name and Description of Main products / Services NIC Code of the Product/ service % to total turnover of the company
1. Ice Cream 15205 100
III) PARTICULARS OFHOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: NIL
IV) SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
No. of Shares held at the No. of Shares held at % Change

Category of Shareholders
beginning of the year the end of the year during the year
%of Total %of Total

Physical Physical
Shares Shares
A. Promoters
14
(1) Indian
(a) Individual/HUF 14,70,000 100 44,10,000 100 NIL
(b) Central Govt. -- -- -- -- ---
(c) State Govt(s). -- -- -- -- ---
(d) Bodies Corp. -- -- -- -- ---
(e) Banks / FI -- -- -- -- ---
(f) Any other..... -- -- -- -- ---
Sub-total (A) (1):- 14,70,000 100 44,10,000 100 NIL
(2) Foreign
(a) NRIs – Individuals -- -- -- -- ---
(b) Other – Individuals -- -- -- -- ---
(c) Bodies Corp. -- -- -- -- ---
(d) Banks / FI -- -- -- -- ---
(e) Any Other..... -- -- -- -- ---
Sub-total (A) (2):- -- -- -- -- ---
Total Shareholding of Promoter
(A)=(A) (1)+(A) (2)

-- -- -- -- ---
B. Public Shareholding
-- -- -- -- ---
1. Institutions
a) Mutual Funds -- -- -- -- ---
b) Banks / FI -- -- -- -- ---
c) Central Govt. -- -- -- -- ---
15
d) State Govt(s). -- -- -- -- ---
e) Venture Capital Funds -- -- -- -- ---
f) Insurance Companies -- -- -- -- ---
g) FIIs -- -- -- -- ---
h) Foreign Venture -- -- -- -- ---
i) Capital Funds -- -- -- -- ---
j) Others (Specify)
-- -- -- -- ---
Sub-total (B) (1):- -- -- -- -- ---
2. Non – Institutions
-- -- -- -- ---
a) Bodies Corp.
-- -- -- -- ---
i) Indian
ii) Overseas -- -- -- -- ---
b) Individuals -- -- -- -- ---
i) Individual Shareholders holding nominal

-- -- -- -- ---
share capital upto Rs. 1 lakh
ii) Individual Shareholders holding nominal

-- -- -- -- ---
share capital in excess of Rs. 1 Lakh
c) Others (Specify)
-- -- -- -- ---
Sub-total (B) (2):- -- -- -- -- ---
Total Public Shareholding (B) = (B) (1)+ (B)

-- -- -- -- ---
(2)
C. Shares held by Custodian for GDRs &

-- -- -- -- ---
ADRs
16
Grand Total
14,70,000 100 44,10,000 100 NIL
(A+B+C)
ii. Shareholding of Promoters
Shareholding
Shareholding
Shareholder’s at the
Sl No. at the end of
Name beginning of
the year
the year
% of Shares % of Shares
% of Total % of Total % Change in
Pledged / No. of Pledged /
No. of Shares Shares of the Shares of the Shareholding
emcumbered to Shares emcumbered to
Company Company during the year
total shares total shares
Govind Das
1. 2,72,500 18.54 -- 8,17,500 18.54 -- --
Shah
2. Amrish Shah 1,12,500 7.65 -- 3,37,500 7.65 -- --
3. Mithali Shah 1,18,750 8.08 -- 3,56,250 8.08 -- --
4. Viren Shah 1,12,500 7.65 -- 3,37,500 7.65 -- --
5. Arthi Shah 1,18,750 8.08 -- 3,56,250 8.08 -- --
6. Rajani Shah 50,000 3.40 -- 1,50,000 3.40 -- --
7. Sudhir Shah 1,82,500 12.41 -- 5,47,500 12.41 -- --
8. Alka Shah 62,500 4.25 -- 1,87,500 4.25 -- --
9. Sunil Shah 1,82,500 12.41 -- 5,47,500 12.41 -- --
Namitha
10. 62,500 4.25 -- - - -- (4.25)
Shah
11. Amit Shah 1,95,000 13.27 5,85,000 13.27 -- --
12. Nakul Shah - - -- 93,750 2.13 -- 2.13
Sahadev
13. - - -- 93,750 2.12 -- 2.12
Shah
Total
no. of 14,70,000 100 -- 44,10,000 100 -- NIL
Shares
17
iii. Change in Promoters’ Shareholding ( please specify, if there is no change):
NAME OF SHAREHOLDING INCREASE OR

CUMULATIVE
THE SHARE AT THE BEGINNING DECREASE IN THE
SHAREHOLDING
SL.NO HOLDER OF THE YEAR SHAREHOLDING
% IN
% IN TOTAL
TOTAL
NO OF SHARE NO OF NO OF
DATE REASON SHARE
SHARES SHARES SHARES
HOLDING
HOLDING
Allotment
1. Govind Das
2,72,500 18.54 30.03.2019 5,45,000 by way of 8,17,500 18.54
1 Shah
Bonus Issue
Allotment
2.
Amrish Shah 1,12,500 7.65 30.03.2019 2,25,000 by way of 3,37,500 7.65
Bonus Issue
Allotment
3.
Mithali Shah 1,18,750 8.08 30.03.2019 2,37,500 by way of 3,56,250 8.08
Bonus Issue
Allotment
4. 2 Viren Shah 1,12,500 7.65 30.03.2019 2,25,000 by way of 3,37,500 7.65
Bonus Issue
Allotment
5. Arthi Shah 1,18,750 8.08 30.03.2019 2,37,500 by way of 3,56,250 8.08
Bonus Issue
Allotment
6. Rajani Shah 50,000 3.40 30.03.2019 1,00,000 by way of 1,50,000 3.40
Bonus Issue
Allotment
7. Sudhir Shah 1,82,500 12.41 3,65,000 by way of 5,47,500 12.41
Bonus Issue
Allotment
8. Alka Shah 62,500 4.25 125000 by way of 1,87,500 4.25
Bonus Issue
Allotment
9. Sunil Shah 1,82,500 12.41 3,65,000 by way of 5,47,500 12.41
Bonus Issue
10. Namitha Shah 62,500 4.25 - -
18
Allotment
11. Amit Shah 1,95,000 13.27 3,90,000 by way of 5,85,000 13.27
Bonus Issue
93,750 2.13
12. Nakul Shah - - 08.03.2019 31,250 Gift
Allotment by way of
30.03.2019 62,500
Bonus Issue
13. Sahadev Shah - - 08.03.2019 31,250 Gift 93,750 2.12
Allotment by way of
30.03.2019 62,500
Bonus Issue
iv. Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):NOT
APPLICABLE
v. Shareholding of Directors and Key Managerial Personnel:
For each of the Directors Shareholding at the beginning Cumulative Shareholding

Sl No.
and KMP of the year during the year
No. of % of Total Shares of the % of Total Shares of the

No. of Shares
Shares Company Company
1. Viren Govindas Shah 1,12,500 7.65 3,37,500 7.65
Sunil Madanmohandas
2. 1,82,500 12.41 5,47,500 12.41
Shah
Sudhir Madanmohandas
3. 1,82,500 12.41 5,47,500 12.41
Shah
4. Amrish Shah 1,12,500 7.65 3,37,500 7.65
Amit Madanmohandas
5. 1,95,000 13.27 5,85,000 13.27
Shah
6. Govind das Shah 2,72,500 18.54 8,17,500 18.54
V INDEBTEDNESS
19
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principle Amount 7,43,51,486 3,68,32,400 -- 11,11,83,886
ii) Interest due but not paid -- -- -- --
iii) Interest accured but not due -- -- -- --
Total (i+ii+iii) 7,43,51,486 3,68,32,400 -- 11,11,83,886
Change in Indebtednessduring thefinancial year
· Addition 4,18,17,105 88,25,156 -- 4,92,97,680
· Reduction (2,41,11,584) (6,34,419) -- (2,47,46,003)
Net Change 1,77,05,521 81,90,737 -- 2,58,96,258
Indebtedness at the end of the financial year
i) Principle Amount 9,20,57,007 4,50,23,137 -- 13,70,80,144
ii) Interest due but not paid -- -- -- --
iii) Interest accured but not due -- -- -- --
Total (i+ii+iii) 9,20,57,007 4,50,23,137 -- 13,70,80,144
VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:-
Total
Amount
Sl. No. Particulars of Remuneration Name of MD/WTD/ Manager
Rs.
20
Govinddas Parmananddas Shah

(Managing Director)
1. Gross Salary
40,50,000
40,50,000
(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,
-- --
Specify.....
5. Others, Please Specify -- --
Total (A) 40,50,000 40,50,000
Ceiling as per the Act Not Applicable
B. Remuneration to other directors:
Particulars of Name of Total

Sl. No.
Remuneration Director Amount
Mr. Sudhir Mr. Sunil Mr. Amit Mr. Amrish Mr. Viren
Shah Shah Shah Shah Shah
1. Independent
Directors
· Fee for attending board
21
committee meetings
· Commission
· Others, please specify
Total (1)
2. Other Non-Executive
Directors
· Fee for attending board

committee meetings
· Commission
· Others, please
33,75,000 33,75,000 33,75,000 30,37,500 30,37,500 162,00,000
specify: SALARY
Total (2) 33,75,000 33,75,000 33,75,000 30,37,500 30,37,500 162,00,000
Total (B) = (1+2) 33,75,000 33,75,000 33,75,000 30,37,500 30,37,500 162,00,000
Total Managerial
2,02,50,000
Remuneration
Overall Ceiling as per the

Act
C. Remuneration To Key Managerial Personnel Other Than MD/Manager/WTD- Not Applicable
VII PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL
22
(DIN: 00616244) (DIN: 00616244)
Place: Hyderabad
Date: 27.09.2019
23
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm Laxminiwas & Co.
GUHAROY ASHISH
Name of auditor signing report KUMAR
Firms registration number of audit firm 004824S
Membership number of auditor 018659
6-3-569, 4th Floor,
Opp. RTA Office,
Address of auditors Khairatabad.Hyderabad,
Telangana-500082
Permanent account number of auditor or auditor's firm AADFL4504H
SRN of form ADT-1 H46414074
Date of signing audit report by auditors 27/09/2019
Date of signing of balance sheet by auditors 27/09/2019
24
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets Favourable Remark
The Company is
maintaining proper
records showing full
particulars
Disclosure relating to quantitative details of fixed assets including
quantitative details
and situation of
fixed assets.
All the assets have
been physically
verified by the
Management during
Disclosure relating to physical verification and material discrepancies of fixed
the year. No
assets material
discrepancies have
been noticed on
such verification.
Textual information
Disclosure relating to title deeds of immovable properties (2) [See below]
Textual information
Disclosure in auditors report relating to inventories (3) [See below]
Textual information
Disclosure in auditors report relating to loans (4) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (5) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (6) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (7) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (8) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (9) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (10) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (11) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (12) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (13) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (14) [See below]
Textual information
Disclosure in auditors report relating to Nidhi Company (15) [See below]
Textual information
Disclosure in auditors report relating to transactions with related parties (16) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (17) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (18) [See below]
The Company
is not required to be
Disclosure in auditors report relating to registration under section 45-IA of registered under
Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.
25

01/04/2018
to
31/03/2019
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure relating to title deeds of immovable properties

According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title
deeds of immovable properties are held in the name of the Company.
Disclosure in auditors report relating to inventories

(i). The inventory has been physically verified on sample basis by the management during the year except material lying with the third
parties (which have substantially been confirmed by third party). The discrepancies noticed on verification between the physical stocks and
the book/records were not material, nevertheless those have been dealt properly within the books of accounts.
Disclosure in auditors report relating to loans

(i). According to the information and explanations given to us, the Company has not granted any unsecured loans to companies
covered in the register maintained under Section 189 of the Companies Act, 2013. Accordingly, paragraph 3(iii) of the order is not applicable
to the company.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of section
185 and 186 of the Act, in respect of loans, making investments and providing guarantees and securities, as applicable.
Disclosure in auditors report relating to deposits accepted

In our opinion and according to the information and explanations given to us, the company has not accepted any deposits from the
public within the meaning of Section 73 to 76 or any other relevant provisions of the Companies Act, 2013 and the rules framed there under.
Accordingly, paragraph 3 (v) of the order is not applicable to the company.
Disclosure in auditors report relating to maintenance of cost records

The maintenance of cost records as prescribed by the central government under section 148(1) of the Companies Act, 2013 not applicable,
for the services rendered by the company and accordingly clause vi of paragraph 3 of the order is not applicable to the company.
26
Disclosure in auditors report relating to statutory dues [Text Block]

(i). According to the information and explanations given to us and on the basis of the recordsof the company examined by us, the company
is generally regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Employees’ State
Insurance, Income tax, Service Tax, Customs duty, GST, Cess and any other statutory dues applicable to it as on 31st March 2019.
b. According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income Tax,
Service Tax, Duty of Customs, GST, Cess and other material statutory dues were in arrears as at 31st March 2019 for a period of more than
six months from the date they became payable.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us and on the basis of the recordsof the company examined by us, the company is
generally regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Employees’ State Insurance,
Income tax, Service Tax, Customs duty, GST, Cess and any other statutory dues applicable to it as on 31st March 2019.
According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income Tax,
six months from the date they became payable
Disclosure relating to disputed statutory dues [Text Block]
According to the information and explanations given to us, there are no dues of Income Tax, Customs Duty, Value Added Tax and
Cess which have not been deposited with the appropriate authorities on account of any dispute .
Disclosure in auditors report relating to default in repayment of financial dues

According to the information and explanation given to us, the company has not defaulted in repayment of dues to bank and financial
institutions as at balance sheet date.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company did not raise any money by way of initial public offer or further public offer (including debt instruments). Term loans were
applied for the purpose for which those were raised.
27
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers or
employees has been noticed or reported during the course of our audit.
Disclosure in auditors report relating to managerial remuneration

According to the information and explanations given to us and based on our examination of the records of the Company, managerial
remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Act is not
applicable. Accordingly, para 3(xi) is not applicable of the Order is not applicable.
Disclosure in auditors report relating to Nidhi Company

In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company. Accordingly,
paragraph 3(xii) of the Order is not applicable.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given to us and based on our examination of the records of the Company, transactions with
the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations give to us and based on our examination of the records of the Company, the Company
has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly,
the provisions of clause 3(xii) of Order, 2016 are not applicable.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order
is not applicable.
28
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF SRI SRINIVASA DAIRY PRODUCTS PRIVATE LIMITED
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying standalonefinancial statements of SRI SRINIVASA DAIRY PRODUCTS PRIVATE
LIMITED(“theCompany”)which comprise theBalance Sheet as at 31st March, 2019, the Statement of Profit and loss ,the Statementof Cash
flow for theyear ended on that date, and notes to financial statements including a summary of the significant accounting policies and other
explanatory information hereinafter referred to as (“the financialstatements”).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act,2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the
Indian accounting Standards prescribed under section 133 of the Actread with Rule 7of the Companies(Accounts) Rules, 2014and other
accounting principles generally accepted in India, of the state of affairs of the Company as at 31stMarch,2019.
Basis for Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing (SAs) specified under section
143(10) of the Companies Act 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the
Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by
the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements
under the provisions of the Companies Act 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in
accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion on the financial statements.
Other Information
The Company’s Board of Directors is responsible for the other information. The other information comprises the information not included in
the financial statements and our auditors' report thereon.
Our opinion on the financial statements does not cover the other information and we do notexpress any form of assurance conclusion thereon.
29
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit, or otherwise appears to be
materially misstated.
If, based on the work we have performed on the other information obtained prior to the date of
this auditor’s report, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.
Management’s Responsibility for theFinancial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to thepreparation and
presentation of these financial statements that give a true and fair view of the financial position, financialperformance, and cash flows of the
company in accordance with accounting principles, including the Accounting Standards specified under Section 133 of the Actread with Rule
7of the Companies(Accounts) Rules, 2014. The respective Board of Directors of the company are responsible for maintenance of the
adequate accounting records for safeguarding assets of the company andfor preventing and detecting frauds and other irregularities; selection
and application ofappropriateaccounting 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, the Board of Directors of the company are responsible for assessing the company’s ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
management either intends to liquidate the companyor to cease operations, or has no realistic alternative but to doso.
Those Board of Directors of the company are responsible for overseeing the financial reporting process of the company.
Auditor’s Responsibilities for the Audit of the Standalone Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financialstatements.
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 thefinancial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficientand appropriate to provide a basis for our opinion. The
30
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 financial controls 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 system in place and the operating effectiveness of such controls.
· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made
by management.
· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the
related disclosures in thefinancial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause theCompany to cease to
continue as a going concern.
· Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in thefinancial statements that, individually or in aggregate, makes it probable that the
economic decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality
and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of
any identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Companies Act, 2013, we give in the “Annexure A”, a statement on the matters specified in paragraphs
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;
31
(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 andthe Cash Flow Statement dealt with by this report are in agreement with the
books of account;
(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with
rule 7 of Companies (Accounts) Rules, 2014.
(e) On the basis of the written representations received from the directors and taken on record by the Board of Directors, none of the
directors is disqualified as on 31st March, 2019 from being appointed as a director in terms of Section 164 (2) of the Act;
(f) With respect to the adequacy of the internal financial controls over financial reporting of the company and the operating effectiveness of
such controls, refer to our separate Report in“Annexure B”. Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the company’s internal financial controls over financial reporting.
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
(i) The Company has no pending litigations on its financial position in its financial statements.
(ii) The Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses;
(iii) There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection
Fund by the Company.
For Laxminiwas& Co.
Chartered Accountants
32
Firm’s Registration Number: 011168S
Guharoy Ashish Kumar
Partner
Membership Number: 018659
UDIN: 19018659AAAAAZ8187
Hyderabad
27th September, 2019.
33
Annexure A to the Auditors’ Report
The Annexure referred to in Independent Auditors’ Report to the members of the Company on the financial statements for the year ended 31
March 2019, we report that:
(i). a. The Company is maintaining proper records showing full particulars including quantitative details and situation of fixed assets.
b. All the assets have been physically verified by the Management during the year. No material discrepancies have been noticed on such
verification.
c. According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title
deeds of immovable properties are held in the name of the Company.
(ii). The inventory has been physically verified on sample basis by the management during the year except material lying with the
third parties (which have substantially been confirmed by third party). The discrepancies noticed on verification between the physical stocks
and the book/records were not material, nevertheless those have been dealt properly within the books of accounts.
(iii). According to the information and explanations given to us, the Company has not granted loans, unsecured to a company covered
in the register maintained under Section 189 of the Companies Act, 2013.
(iv). In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of
section 185 and 186 of the Act, with respect to the loans and investments made.
(v). In our opinion and according to the information and explanations given to us, the company has not accepted any deposits from the
public within the meaning of Section 73 to 76 or any other relevant provisions of the Companies Act, 2013 and the rules framed there under.
(vi). The Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act for any goods traded
34
by the Company.
(vii). a. According to the information and explanations given to us and on the basis of the recordsof the company examined by us, the
company is generally regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, Employees’
State Insurance, Income tax, Service Tax, Customs duty, GST, Cess and any other statutory dues applicable to it as on 31st March 2019.
b. According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income Tax,
six months from the date they became payable.
c. According to the information and explanations given to us, there are no dues of Income Tax, Customs Duty, Value Added Tax and
Cess which have not been deposited with the appropriate authorities on account of any dispute .
(viii). According to the information and explanation given to us, the company has not defaulted in repayment of dues to bank and
financial institutions as at balance sheet date.
(ix). The Company did not raise any money by way of initial public offer or further public offer (including debt instruments). Term
loans were applied for the purpose for which those were raised.
(x). According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers
or employees has been noticed or reported during the course of our audit.
(xi). According to the information and explanations given to us and based on our examination of the records of the Company,
managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the
Act is not applicable. Accordingly, para 3(xi) is not applicable of the Order is not applicable.
(xii). In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company.
Accordingly, paragraph 3(xii) of the Order is not applicable.
(xiii). According to the information and explanations given to us and based on our examination of the records of the Company,
transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions
have been disclosed in the financial statements as required by the applicable accounting standards.
(xiv). According to the information and explanations give to us and based on our examination of the records of the Company, the
Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
35
(xv). According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order
is not applicable.
(xvi). The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.
For Laxminiwas& Co.
Partner
Hyderabad
Annexure - B to the Auditors’ Report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
36
We have audited the internal financial controls over financial reporting of Sri Srinivasa Dairy Products Private Limited(“the Company”) as of
31st March,2019, in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Board of directors of the company is responsible for establishing and maintaining internal financial controls based on the internal control
over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’).
These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its
assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation
of reliable financial information, as required under the Companies Act, 2013.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance
Note”) and issued by Institute of Chartered accountants of India and the standards on auditing prescribed under section 143(10) of the
Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial
controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal
financial controls system over financial reporting of the Company.
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;
37
(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.
Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
Opinion
In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an
adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were
operating effectively as at 31st March, 2019, based on the internal control over financial reporting criteria established by the Company
considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting issued by the Institute of Chartered Accountants of India.
For Laxminiwas& Co.
38
Partner
Hyderabad
[400500] Disclosures - Secretarial audit report

01/04/2018
to
31/03/2019
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
39
[100100] Balance sheet

31/03/2019 31/03/2018
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 5,41,00,000 2,47,00,000
Reserves and surplus 14,22,44,564 11,34,88,111
Total shareholders' funds 19,63,44,564 13,81,88,111
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 9,39,04,255 4,52,40,994
Deferred tax liabilities (net) 66,98,701 1,17,14,532
Other long-term liabilities 9,44,20,253 6,90,52,849
Long-term provisions 44,85,466 0
Total non-current liabilities 19,95,08,675 12,60,08,375
Current liabilities [Abstract]
Short-term borrowings 3,76,31,836 6,17,43,420
Trade payables 8,41,35,434 8,55,45,342
Other current liabilities 5,80,16,767 1,05,19,472
Short-term provisions 16,64,390 1,70,26,963
Total current liabilities 18,14,48,427 17,48,35,197
Total equity and liabilities 57,73,01,666 43,90,31,683
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 26,10,51,863 18,45,11,687
Intangible assets 0 0
Tangible assets capital work-in-progress 1,81,65,109 30,48,020
Total fixed assets 27,92,16,972 18,75,59,707
Non-current investments 0 0
Long-term loans and advances 0 0
Other non-current assets 1,12,18,260 1,23,70,881
Total non-current assets 29,04,35,232 19,99,30,588
Current assets [Abstract]
Current investments 0 0
Inventories 7,51,26,884 7,53,81,823
Trade receivables 16,75,42,283 15,39,75,107
Cash and bank balances 50,09,914 39,05,637
Short-term loans and advances 66,33,900 0
Other current assets 3,25,53,453 58,38,528
Total current assets 28,68,66,434 23,91,01,095
Total assets 57,73,01,666 43,90,31,683
40
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director SUDHIR SUNIL
MADAN MOHAN
Middle name of director DAS
MADANMOHANDAS
Last name of director SHAH SHAH

Designation of director Managing Director Director
Director identification number of director 00616244 00616314
Date of signing of financial statements by director 27/09/2019 27/09/2019

01/04/2018
to
31/03/2019
Name of company secretary PARAS GUPTA
Permanent account number of company secretary BAKPG1370G
Date of signing of financial statements by company secretary 27/09/2019
41
[100400] Cash flow statement, indirect

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
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 7,73,21,226 4,95,30,781
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 51,59,138 83,62,319
Adjustments for depreciation and amortisation expense 2,65,18,634 2,20,93,516
Adjustments for unrealised foreign exchange losses gains 0 -2,51,211
Other adjustments for non-cash items 39,52,315 0
Total adjustments to profit (loss) 3,56,30,087 3,02,04,624
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 2,54,939 -82,54,674
Adjustments for decrease (increase) in trade receivables -1,75,19,491 -4,03,42,597
Adjustments for decrease (increase) in other current assets -3,33,48,818 -23,30,666
Adjustments for increase (decrease) in trade payables -14,09,908 4,33,45,544
Adjustments for increase (decrease) in other current liabilities 3,21,34,722 -32,91,944
Total adjustments for working capital -1,98,88,556 -1,08,74,337
Total adjustments for reconcile profit (loss) 1,57,41,531 1,93,30,287
Net cash flows from (used in) operations 9,30,62,757 6,88,61,068
Interest received 0 -3,20,816
Income taxes paid (refund) 2,23,71,017 1,37,33,142
Net cash flows from (used in) operating activities before extraordinary
7,06,91,740 5,48,07,110
items
Net cash flows from (used in) operating activities 7,06,91,740 5,48,07,110
Cash flows from used in investing activities [Abstract]
Purchase of tangible assets 11,81,75,905 4,51,64,220
Cash advances and loans made to other parties 0 30,70,617
Interest received 0 3,20,816
Other inflows (outflows) of cash 56,38,087 48,58,436
Net cash flows from (used in) investing activities before extraordinary
-11,25,37,818 -4,30,55,585
items
Net cash flows from (used in) investing activities -11,25,37,818 -4,30,55,585
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 2,94,00,000 0
Proceeds from borrowings 4,86,63,260 74,95,207
Repayments of borrowings 2,41,11,584 3,03,36,899
Dividends paid 8,12,329 6,27,807
Interest paid 51,59,138 83,62,319
Other inflows (outflows) of cash -50,29,854 1,58,42,371
Net cash flows from (used in) financing activities before extraordinary
4,29,50,355 -1,59,89,447
items
Net cash flows from (used in) financing activities 4,29,50,355 -1,59,89,447
Net increase (decrease) in cash and cash equivalents before effect of
11,04,277 -42,37,922
exchange rate changes
Net increase (decrease) in cash and cash equivalents 11,04,277 -42,37,922
Cash and cash equivalents cash flow statement at end of period 50,09,914 39,05,637 81,43,559
42
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 8,17,500 [shares] 2,72,500 [shares] 3,37,500 [shares] 1,12,500
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Type of share Equity Share Equity Share Equity Share Equity Share
Name of shareholder Govind Das Shah Govind Das Shah Amrish Shah Amrish Shah
PAN of shareholder AEAPS7346P AEAPS7346P AHUPS4483L AHUPS4483L
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Percentage of shareholding in company 18.54% 18.54% 7.65% 7.65%
43
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Name of shareholder Mitali Shah Mitali Shah Viren Shah Viren Shah
PAN of shareholder AAOPP2752Q AAOPP2752Q ANZPS3504R ANZPS3504R
shareholder
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Name of shareholder Arthi Shah Arthi Shah Sudhir Shah Sudhir Shah
PAN of shareholder ACZPT0494L ACZPT0494L AEAPS7342K AEAPS7342K
shareholder
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Name of shareholder Sunil Shah Sunil Shah Amit Shah Amit Shah
PAN of shareholder AEAPS7141A AEAPS7141A AEAPS7139G AEAPS7139G
shareholder
Classes of share capital [Axis] Preference shares [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Number of shares held in company [shares] 2,50,000 [shares] 2,50,000 [shares] 50,000 [shares] 50,000
44
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Number of shares held in company [shares] 83,300 [shares] 83,300 [shares] 83,300 [shares] 83,300
Classes of share capital [Axis] Preference shares [Member] Preference shares 1 [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
company [Abstract]
5% Redeemable 5% Redeemable
Type of share Preference Shares Preference Shares
Name of shareholder Mitali Shah Mitali Shah
PAN of shareholder AAOPP2752Q AAOPP2752Q
INDIA INDIA
shareholder
Percentage of shareholding in company 25.00% 25.00%
Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
5% Redeemable 5% Redeemable 5% Redeemable 5% Redeemable
Type of share Preference Shares Preference Shares Preference Shares Preference Shares
Name of shareholder Viren Shah Viren Shah Arthi Shah Arthi Shah
PAN of shareholder ANZPS3504R ANZPS3504R ACZPT0494L ACZPT0494L
shareholder
Number of shares held in company [shares] 50,000 [shares] 50,000 [shares] 2,00,000 [shares] 2,00,000
45
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Name of shareholder Priyanka Shah Priyanka Shah Nakul Shah Nakul Shah
PAN of shareholder CLCPS6263E CLCPS6263E CGKPS6489P CGKPS6489P
shareholder
Number of shares held in company [shares] 1,66,700 [shares] 1,66,700 [shares] 83,300 [shares] 83,300
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
company [Abstract]
Name of shareholder Sahdev Shah Sahdev Shah Ritu Shah Ritu Shah
PAN of shareholder DDRPS1447A DDRPS1447A AWPPS5985D AWPPS5985D
shareholder
Number of shares held in company [shares] 83,300 [shares] 83,300 [shares] 1,66,700 [shares] 1,66,700
46
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 70,00,000 [shares] 30,00,000 [shares] 60,00,000 [shares] 20,00,000
Value of shares authorised 7,00,00,000 3,00,00,000 6,00,00,000 2,00,00,000
Number of shares issued [shares] 54,10,000 [shares] 24,70,000 [shares] 44,10,000 [shares] 14,70,000
Value of shares issued 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
Number of shares subscribed and fully paid [shares] 54,10,000 [shares] 24,70,000 [shares] 44,10,000 [shares] 14,70,000
Value of shares subscribed and fully paid 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
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 0 0 0
Total number of shares subscribed [shares] 54,10,000 [shares] 24,70,000 [shares] 44,10,000 [shares] 14,70,000
Total value of shares subscribed 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 54,10,000 [shares] 24,70,000 [shares] 44,10,000 [shares] 14,70,000
Value of shares called 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 29,40,000 [shares] 0 [shares] 29,40,000 [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
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 29,40,000 [shares] 0 [shares] 29,40,000 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Number of shares redeemed [shares] 0 [shares] 0
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
47
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Total decrease in number of shares during
period
Total increase (decrease) in number of
[shares] 29,40,000 [shares] 0 [shares] 29,40,000 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 54,10,000 [shares] 24,70,000 [shares] 44,10,000 [shares] 14,70,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 2,94,00,000 0 2,94,00,000 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
2,94,00,000 0 2,94,00,000 0
share capital during period
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 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 2,94,00,000 0 2,94,00,000 0
Share capital at end of period 5,41,00,000 2,47,00,000 4,41,00,000 1,47,00,000
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 in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
48
Aggregate number of shares bought back during

last five years
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 0 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
49

Classes of share capital [Axis] Equity shares 1 [Member] Preference shares [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Type of share Equity Equity
Number of shares authorised [shares] 60,00,000 [shares] 20,00,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares authorised 6,00,00,000 2,00,00,000 1,00,00,000 1,00,00,000
Number of shares issued [shares] 44,10,000 [shares] 14,70,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares issued 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
Number of shares subscribed and fully paid [shares] 44,10,000 [shares] 14,70,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares subscribed and fully paid 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
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 0 0 0
Total number of shares subscribed [shares] 44,10,000 [shares] 14,70,000 [shares] 10,00,000 [shares] 10,00,000
Total value of shares subscribed 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
Number of shares paid-up [shares] 44,10,000 [shares] 14,70,000 [shares] 10,00,000 [shares] 10,00,000
Value of shares called 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 29,40,000 [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
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 29,40,000 [shares] 0 [shares] 0 [shares] 0
during period
50
Decrease in number of shares during period

[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
[shares] 29,40,000 [shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 44,10,000 [shares] 14,70,000 [shares] 10,00,000 [shares] 10,00,000
Reconciliation of value of shares outstanding
[Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 2,94,00,000 0 0 0
Amount of rights issue during period 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
2,94,00,000 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 2,94,00,000 0 0 0
Share capital at end of period 4,41,00,000 1,47,00,000 1,00,00,000 1,00,00,000
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
holding company
holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [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 0 0 0 0
disinvestment
51
Aggregate number of fully paid-up shares issued

pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
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
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
52

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Type of share Preference Preference
Number of shares authorised [shares] 10,00,000 [shares] 10,00,000
Value of shares authorised 1,00,00,000 1,00,00,000
Number of shares issued [shares] 10,00,000 [shares] 10,00,000
Value of shares issued 1,00,00,000 1,00,00,000
Number of shares subscribed and fully paid [shares] 10,00,000 [shares] 10,00,000
Value of shares subscribed and fully paid 1,00,00,000 1,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 10,00,000 [shares] 10,00,000
Total value of shares subscribed 1,00,00,000 1,00,00,000
Number of shares paid-up [shares] 10,00,000 [shares] 10,00,000
Value of shares called 1,00,00,000 1,00,00,000
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 1,00,00,000 1,00,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
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
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 [shares] 0
Decrease in number of shares during period [Abstract]
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 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 10,00,000 [shares] 10,00,000
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of private placement issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of
0 0
debentures preference shares during period
53
Amount of other preferential allotment issue during period 0 0

Amount of issue allotted for contracts without payment received in cash
0 0
during period
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 share capital during period [Abstract]
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 1,00,00,000 1,00,00,000
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 reserved for issue under options and contracts or commitments for sale of
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 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
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
54
Disclosure of notes on share capital explanatory [Text Block]
Note 2.1 : SHARE CAPITAL As at As at
31.03.2019 31.03.2018
Rs. Rs.
AUTHORISED SHARE CAPITAL
EQUITY SHARE CAPITAL
EQUITY SHARE CAPITAL 60,000,000 20,000,000
PREFERENCE SHARE CAPITAL 10,000,000 10,000,000
TOTAL 70,000,000 30,000,000
ISSUED, SUBSCRIBED AND PAID-UP
SHARE CAPITAL
EQUITY SHARE CAPITAL 44,100,000 14,700,000
PREFERENCE SHARE CAPITAL 10,000,000 10,000,000
TOTAL 54,100,000 24,700,000
Notes
(a) Equity Share Capital
(i) Reconciliation of equity shares
As at As at
Particulars
31.03.2019 31.03.2018
No. of Shares Rs. No. of Shares Rs.
Issued, subscribed and paid-up capital
At the beginning of the period 1,470,000 14,700,000 1,470,000 14,700,000
55
Additions/deductions during the year

- - - -
Equity Shares 2,940,000 29,400,000

-
Preference Shares 1,000,000 10,000,000 1,000,000

10,000,000
Number of equity shares outstanding at the end of the year 5,410,000 54,100,000 2,470,000 24,700,000
(ii) Details of Shareholders holding more than 5% equity

shares in the Company
As at As at
Name of the Shareholder
31.03.2019 31.03.2018
No. of shares % No. of shares %
Equity Share of ? 10/- each held by
Govind Das Shah 817,500 18.54% 272,500 18.54%
Amrish Shah 337,500 7.65% 112,500 7.65%
Mitali Shah 356,250 8.08% 118,750 8.08%
Viren Shah 337,500 7.65% 112,500 7.65%
Arthi Shah 356,250 8.08% 118,750 8.08%
Rajani Shah 150,000 3.40% 50,000 3.40%
Sudhir Shah 547,500 12.41% 182,500 12.41%
Alka Shah 187,500 4.25% 62,500 4.25%
Sunil Shah 547,500 12.41% 182,500 12.41%
Namita Shah - 0.00% 62,500 4.25%
Amit Shah 585,000 13.27% 195,000 13.27%
Nakul Shah 93,750 2.13% 0.00%
Sahdev Shah 93,750 2.13% 0.00%
56
TOTAL 4,410,000 100% 1,470,000 100%
Details of shareholders holding more than 5% of the 5%

Redeemable Preference Shares
As at As at
Name of the Shareholder
31.03.2019 31.03.2018
No. of shares % No. of shares %
Preference Share of ? 10/- each held by
Mitali Shah 250,000 25.00% 250,000 25.00%
Viren Shah 50,000 5.00% 50,000 5.00%
Arthi Shah 200,000 20.00% 200,000 20.00%
Priyanka Shah 166,700 16.67% 166,700 16.67%
Nakul Shah 83,300 8.33% 83,300 8.33%
Sahdev Shah 83,300 8.33% 83,300 8.33%
Ritu Shah 166,700 16.67% 166,700 16.67%
TOTAL 1,000,000 100% 1,000,000 100%
57
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 5,99,66,040 3,56,44,702 5,99,66,040 3,56,44,702
Total additions to reserves 5,99,66,040 3,56,44,702 5,99,66,040 3,56,44,702
Deductions to reserves [Abstract]
Other utilisation of securities premium if
0 -25,20,000 0 -25,20,000
permitted
Other deductions to reserves 3,05,81,780 0 3,05,81,780 0
Total deductions to reserves 3,05,81,780 -25,20,000 3,05,81,780 -25,20,000
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Final dividend appropriation [Abstract]
Final preferred dividend appropriation 5,00,000 5,00,000 5,00,000 5,00,000
Total final dividend appropriation 5,00,000 5,00,000 5,00,000 5,00,000
Total dividend appropriation 5,00,000 5,00,000 5,00,000 5,00,000
Dividend tax appropriation [Abstract]
Preferred dividend tax appropriation 1,27,807 1,27,807 1,27,807 1,27,807
Total dividend tax appropriation 1,27,807 1,27,807 1,27,807 1,27,807
Other appropriations 0 4,88,567 0 4,88,567
Total appropriations for dividend,
6,27,807 11,16,374 6,27,807 11,16,374
dividend tax and general reserve
Total changes in reserves 2,87,56,453 3,70,48,328 2,87,56,453 3,70,48,328
Reserves at end of period 14,22,44,564 11,34,88,111 14,22,44,564 11,34,88,111
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Reserves at end of period 7,64,39,783

01/04/2018
to
31/03/2019
Disclosure of notes on reserves explanatory [TextBlock] [See below]
58
Disclosure of notes on reserves explanatory [Text Block]
Note 2.2 : RESERVES AND SURPLUS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Surplus in the statement of profit and loss
Opening Profit and Loss 112,490,851 76,439,783
Less: Allotment of Bonus Shares (29,400,000) -
Less: Other Adjustments (184,522) -
Less: Income tax paid for last year - (488,567)
Profit and loss for the year 59,966,040 35,644,702
Less: Proposed Dividend of Preference Shares (500,000) (500,000)
Less: DDT on Preference Shares Dividend @20.357647% (127,807) (127,807)
Securities Premium Account - 2,520,000
TOTAL 142,244,562 113,488,111
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 4,88,81,118 84,08,594 4,50,23,137 3,68,32,400
59

Working capital loans from banks Loans and advances from related
Classification of borrowings [Axis]
[Member] parties [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 4,88,81,118 84,08,594 4,50,23,137 3,68,32,400

Loans and advances from directors Loans and advances from others
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 3,53,36,250 2,65,11,094 96,86,887 1,03,21,306

Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 3,76,31,836 6,17,43,420 3,76,31,836 6,17,43,420

01/04/2018
to
31/03/2019
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
60
Disclosure of notes on borrowings explanatory [Text Block]
Note 2.3 : LONG TERM BORROWINGS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Secured Loans 48,881,118 8,408,594
Unsecured Loans_Directors 35,336,250 26,511,094
Unsecured Loans_Others 9,686,887 10,321,306
TOTAL 93,904,255 45,240,994
Note 2.7 : SHORT TERM BORROWINGS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Secured Loans 37,631,836 61,743,420
TOTAL 37,631,836 61,743,420
61
[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 Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 10,80,60,525 4,27,81,040 10,80,60,525 4,27,81,040
assets
Depreciation tangible assets -2,65,18,634 -2,27,58,350 2,65,18,634 2,27,58,350
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
1,715 0 1,715 0 0 0
others
Total disposals tangible
1,715 0 1,715 0 0 0
assets
Other adjustments tangible
assets [Abstract]
-50,00,000 0 50,00,000 0
assets, others
Total other adjustments
-50,00,000 0 50,00,000 0
tangible assets
Total changes in tangible
7,65,40,176 2,00,22,690 10,80,58,810 4,27,81,040 3,15,18,634 2,27,58,350
assets
Tangible assets at end of period 26,10,51,863 18,45,11,687 29,25,70,497 20,72,70,037 3,15,18,634 2,27,58,350
62

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
1,715 0 1,715 0 0 0
others
1,715 0 1,715 0 0 0
assets
assets [Abstract]
-50,00,000 0 50,00,000 0
assets, others
-50,00,000 0 50,00,000 0
tangible assets
7,65,40,176 2,00,22,690 10,80,58,810 4,27,81,040 3,15,18,634 2,27,58,350
assets
63

Classes of tangible assets [Axis] Buildings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 1,04,53,584 0 1,04,53,584 0
assets
Depreciation tangible assets -10,80,460 -10,69,346 10,80,460 10,69,346
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
93,73,124 -10,69,346 1,04,53,584 0 10,80,460 10,69,346
assets
Tangible assets at end of period 3,61,67,933 2,67,94,809 3,72,48,393 2,78,64,155 10,80,460 10,69,346
64

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 1,04,53,584 0 1,04,53,584 0
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
93,73,124 -10,69,346 1,04,53,584 0 10,80,460 10,69,346
assets
65

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 5,97,70,842 37,78,032 5,97,70,842 37,78,032
assets
Impairment loss
tangible assets
[Abstract]
732 0 732 0 0 0
others
732 0 732 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
5,24,05,014 -33,26,491 5,97,70,110 37,78,032 73,65,096 71,04,523
assets
66

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 5,97,70,842 37,78,032 5,97,70,842 37,78,032
assets
Impairment loss
tangible assets
[Abstract]
732 0 732 0 0 0
others
732 0 732 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
5,24,05,014 -33,26,491 5,97,70,110 37,78,032 73,65,096 71,04,523
assets
67

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 31,29,703 5,13,850 31,29,703 5,13,850
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
27,91,234 2,97,488 31,29,703 5,13,850 3,38,469 2,16,362
assets
Tangible assets at end of period 39,66,245 11,75,011 43,04,714 13,91,373 3,38,469 2,16,362
68

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
27,91,234 2,97,488 31,29,703 5,13,850 3,38,469 2,16,362
assets
69

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
-50,00,000 0 50,00,000 0
assets, others
-50,00,000 0 50,00,000 0
tangible assets
1,12,01,010 2,47,10,438 3,19,57,717 3,73,36,203 2,07,56,707 1,26,25,765
assets
70

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
-50,00,000 0 50,00,000 0
assets, others
-50,00,000 0 50,00,000 0
tangible assets
1,12,01,010 2,47,10,438 3,19,57,717 3,73,36,203 2,07,56,707 1,26,25,765
assets
71

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
21,11,336 1,61,520 27,16,859 5,53,017 6,05,523 3,91,497
assets
72

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
21,11,336 1,61,520 27,16,859 5,53,017 6,05,523 3,91,497
assets
73

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 31,820 5,99,938 31,820 5,99,938
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,29,072 67,328 31,820 5,99,938 5,60,892 5,32,610
assets
74

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 31,820 5,99,938 31,820 5,99,938
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,29,072 67,328 31,820 5,99,938 5,60,892 5,32,610
assets
75

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
Impairment loss
tangible assets
[Abstract]
983 0 983 0 0 0
others
983 0 983 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-8,12,470 -8,18,247 -983 0 8,11,487 8,18,247
assets
76

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
983 0 983 0 0 0
others
983 0 983 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-8,12,470 -8,18,247 -983 0 8,11,487 8,18,247
assets
77

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
Nature of other tangible assets 0 0 0 0 0 0
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
983 0 983 0 0 0
others
983 0 983 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-8,12,470 -8,18,247 -983 0 8,11,487 8,18,247
assets
78

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
Nature of other tangible assets 0 0.00 0 0.00 0 0.00
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
983 0 983 0 0 0
others
983 0 983 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-8,12,470 -8,18,247 -983 0 8,11,487 8,18,247
assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information
tangible assets [LineItems]
Straight Line Straight Line
Depreciation method tangible assets - - - -
Value Value
As per the
As per the useful
useful life
life prescribed in
Useful lives or depreciation rates prescribed in
NA NA NA NA Schedule II to
tangible assets Schedule II to
the Companies
the Companies
Act 2013.
Act 2013
79

Furniture and fixtures
[Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method tangible assets - -
Value Value
- -
As per the
As per the useful
useful life
life prescribed in
NA NA Schedule II to the NA NA
Companies Act
the Companies
2013.
Act 2013

Furniture and fixtures
[Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets Value Value
- -
Value Value
As per the As per the
As per the useful As per the useful
useful life useful life
life prescribed in life prescribed in
Useful lives or depreciation rates prescribed in prescribed in
Schedule II to the NA NA Schedule II to
tangible assets Schedule II to Schedule II to
Companies Act the Companies
the Companies the Companies
2013. Act 2013.
Act 2013 Act 2013

Computer equipments
[Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method tangible assets - -
Value Value
- -
As per the
As per the useful
useful life
life prescribed in
NA NA Schedule II to the NA NA
Companies Act
the Companies
2013.
Act 2013
80

Computer equipments Other tangible assets, others
[Member] [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Depreciation method tangible assets Value Value
- - - -
As per the
As per the useful
useful life
life prescribed in
Schedule II to the NA NA NA NA
Companies Act
the Companies
2013.
Act 2013

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets Straight Line Value Straight Line Value
As per the useful
As per the useful life
life prescribed in
prescribed in
Useful lives or depreciation rates tangible assets Schedule II to the
Schedule II to the
Companies Act
Companies Act 2013.
2013
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2019 31/03/2018
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0
81
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Loans advances given suppliers
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 66,33,900 0 29,99,142 0
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 66,33,900 0 29,99,142 0
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
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
Loans and advances [Table] ..(2)

Loans advances given employees
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 36,34,758 0
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 36,34,758 0
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
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
0 0
is partner or director
82
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 44,85,466 0 10,36,583 0
Provision other employee related
(A) 0 (B) 58,62,162
liabilities
Total provisions for employee benefits 44,85,466 0 10,36,583 58,62,162
Provision for proposed dividend [Abstract]
Provision for proposed preference
dividend [Abstract]
Provision for proposed preference
6,27,807 0
final dividend
Total provision for proposed
6,27,807 0
preference dividend
Total provision for proposed dividend 6,27,807 0
CSR expenditure provision 0 0 0 0
Other provisions 0 1,11,64,801
Total provisions 44,85,466 0 16,64,390 1,70,26,963
Footnotes
(A) Salaries and Reimbursements : 0 PF Payable : 0
(B) Salaries and Reimbursements : 5576582 PF Payable : 285580
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 7,51,26,884 7,53,81,823 2,46,72,530 3,53,07,598
weighted average weighted average weighted average weighted average
Mode of valuation method is used method is used method is used method is used

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 14,40,846 0 1,51,38,806 1,87,09,977
83

Classification of inventories [Axis] Other inventories [Member] Other inventories, others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 3,38,74,702 2,13,64,248 (A) 3,38,74,702 (B) 2,13,64,248
Other Other OtherO t h e r
Nature of other inventories Consumables,Packing Consumables,Packing Consumables,Packing Consumables,Packing
Material Material Material Material
Footnotes
(A) Other Consumables : 11718179 Packing Material : 22156523
(B) Other Consumables : 8039449 Packing Material : 13324799
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 16,75,42,283 15,39,75,107 16,75,42,283 15,39,75,107
Allowance for bad and doubtful debts 0 0
Total trade receivables 16,75,42,283 15,39,75,107 16,75,42,283 15,39,75,107
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
84

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of subclassification and notes on liabilities and assets Textual information (23)
explanatory [TextBlock] [See below]
Trade payables, long-term 0 0
Others long-term, others 9,44,20,253 6,90,52,849
Total others, long-term 9,44,20,253 6,90,52,849
Total other long-term liabilities 9,44,20,253 6,90,52,849
Disclosure of notes on provisions explanatory [TextBlock] [See below]
Nature of other provisions Others Others
Disclosure of notes on other current liabilities explanatory Textual information (25)
[TextBlock] [See below]
Current maturities of long-term debt 55,44,053 41,99,472
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
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable current tax 2,22,97,260 0
Taxes payable other tax 67,16,453 0
Public deposit payable, current 0 0
Total other payables, current 2,90,13,713 0
Advance received from customers 1,08,32,700 0
Short-term employee related liabilities 36,14,256 12,30,000
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (A) 90,12,045 (B) 50,90,000
Total other current liabilities 5,80,16,767 1,05,19,472
Disclosure of notes on loans and advances explanatory [TextBlock] [See below]
Disclosure of notes on other non-current assets explanatory Textual information (27)
[TextBlock] [See below]
Other non-current assets, others (C) 1,12,18,260 (D) 1,23,70,881

Total other non-current assets 1,12,18,260 1,23,70,881
Deposits (Assets), Loans Deposits (Assets), Loans
and Advances to and Advances to
Nature of other non-current assets, others Employees, Prepaid Employees, Prepaid
Expenses,Advance Income Expenses,Advance Income
Tax Tax
Deposits (Assets),
Loans and Advances to
Disclosure of notes on inventories explanatory [TextBlock] [See below]
Employees, Prepaid
Expenses,Advance Income
Tax

Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
0 2,74,23,054
exceeding six months
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0
Other balances with banks (E) 43,47,722 (F) 25,45,989

Total balance with banks 43,47,722 25,45,989
Cash on hand 6,62,192 13,59,648
Total cash and cash equivalents 50,09,914 39,05,637
Total cash and bank balances 50,09,914 39,05,637
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Disclosure of notes on other current assets explanatory [TextBlock] [See below]
85
Other current assets, others (G) 3,25,53,453 (H) 58,38,528

Total other current assets 3,25,53,453 58,38,528
Footnotes
(A) Other liabilities : 9012045 Defered-Franchiase Fee : 0
(B) Other liabilities : 0 Defered-Franchiase Fee : 5090000
(C) Deposits (Assets) : 11218260 Loans and Advances to Employees : 0 Prepaid Expenses : 0 Advance Income Tax : 0
(D) Deposits (Assets) : 10323080 Loans and Advances to Employees : 3129041 Prepaid Expenses : 632640 Advance Income Tax :
-1713880
(E) Other bank balances : 0 Current Accounts : 4347722
(F) Other bank balances : 177739 Current Accounts : 2368250
(G) Prepaid Expenses : 7799362 Royalty & Franchaise Receipts : 24264246 GST input : 489845
(H) Prepaid Expenses : 5041025 Royalty & Franchaise Receipts : 0 GST input : 797503
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
Note 2.8 : TRADE PAYABLES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Sundry Creditors 84,079,454 84,435,350
Other creditors 55,980 1,109,992
TOTAL 84,135,434 85,545,342
86
Disclosure of notes on provisions explanatory [Text Block]
Note 2.6 : LONG TERM PROVISIONS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Provision for employee benefits
Gratuity 4,485,466 -
TOTAL 4,485,466 -
Note 2.10 : SHORT TERM PROVISIONS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Provision for Employee Benefits
Gratuity 1,036,583 -
Preference Share Dividend (including Tax) 627,807 -
PF Payable - 285,580
Salaries and Reimbursements - 5,576,582
Others - 11,164,801
TOTAL 1,664,390 17,026,963
87
Disclosure of notes on other current liabilities explanatory [Text Block]
Note 2.5 : OTHER NON CURRENT LIABILITIES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Deposits Received 87,632,253 69,052,849
Deferred- Franchisee Fee 6,788,000 -
TOTAL 94,420,253 69,052,849
Note 2.9 : OTHER CURRENT LIABILITIES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Current maturities of long-term borrowings (Refer note no. 2.3) 5,544,053 4,199,472
Sub Total 5,544,053 4,199,472
Advance from customers 10,832,700 -
Other payables
Payable to employees 3,614,256 1,230,000
Statutory dues 6,716,453 -
Income Tax Payable 22,297,260 -
Other liabilities 9,012,045 -
Defered-Franchiase Fee - 5,090,000
88
TOTAL 58,016,767 10,519,472
Disclosure of notes on loans and advances explanatory [Text Block]
Note 2.16 : SHORT-TERM LOANS & ADVANCES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Unsecured and considered good
Advances to Suppliers 2,999,142 -
Loans and advances to employees 3,634,758 -
TOTAL 6,633,900 -
Disclosure of notes on other non-current assets explanatory [Text Block]
Note 2.12 : OTHER NON-CURRENT ASSETS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Deposits (Assets) 11,218,260 10,323,080
Loans and Advances to Employees - 3,129,041
Prepaid Expenses - 632,640
Advance Income Tax - (1,713,880)
TOTAL 11,218,260 12,370,881
89
Disclosure of notes on inventories explanatory [Text Block]
Note 2.13 : INVENTORIES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Raw Material 24,672,530 3,53,07,598
Semi Finished 1,440,846
Other Consumables 11,718,179 80,39,449
Packing Material 22,156,523 1,33,24,799
Finished Goods 15,138,806 1,87,09,977
TOTAL 75,126,884 75,381,823
Disclosure of notes on trade receivables explanatory [Text Block]
Note 2.14 : TRADE RECEIVABLES As at As at
31.03.2019 31.03.2018
Rs. Rs.
Unsecured, Considered good
Outstanding for a period exceeding six months - 27,423,054
Others 167,542,283 126,552,053
TOTAL 167,542,283 153,975,107
90
Disclosure of notes on cash and bank balances explanatory [Text Block]
Note 2.15 : CASH & CASH EQUIVALENTS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Cash on Hand 662,192 1,359,648
Balance with Scheduled Banks
Current Accounts 4,347,722 2,368,250
Other bank balances - 177,739
TOTAL 5,009,914 3,905,637
Disclosure of notes on other current assets explanatory [Text Block]
Note 2.17 : OTHER CURRENT ASSETS As at As at
31.03.2019 31.03.2018
Rs. Rs.
Prepaid Expenses 7,799,361 5,041,031
Royalty & Franchaise Receipts 24,264,246 -
GST input 489,845 797,503
TOTAL 32,553,452 5,838,534
91
[200700] Notes - Additional disclosures on balance sheet

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
92
Disclosure of additional balance sheet notes explanatory [Text Block]

2.26. The company is engaged in manufacturing ice creams as well as running ice cream parloursin one geographical area.
Accordingly, pursuant to explanation to AS 17 “Segment Reporting”, no segment disclosure has been made in financial statements.
2.27. No asset is impaired during the year as the assets are having recoverable value which is more than the carrying amount.
2.28. Micro, Small and Medium Enterprises Development Act, 2006 (MSMED)
Disclosure required as per section 22 of the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED Act.) as at
31.03.2019.
As at As at
S No Description
31.03.2019 31.03.2018
1 Principal amount due to suppliers under MSMED 4,42,92,400 Nil
2 Interest accrued and due to suppliers covered under MSMED on the above amount,unpaid Nil Nil
3 Payment made to suppliers (With Interest) beyond the appointed day during the year. Nil Nil
4 Payment made to suppliers (Other than interest) beyond the appointed day during the previous year Nil Nil
5 Interest paid to suppliers covered under MSMED Nil Nil
6 Interest due & Payable to suppliers covered under MSMED Act., towards payments already made. Nil Nil
2.30. In accordance with the Accounting Standard (AS-28) on “Impairment of Assets” the management during the year carried out
exercise of identifying the assets that might have been impaired in respect of each cash-generating unit. On the basis of this review carried
out by the management there was no impairment loss on the fixed assets during the year ended 31st March 2019.
93
2.31. Current Year provision for Tax/MAT has been computed in accordance with the provisions of the Income Tax Act 1961 and
provided in the books of account.
2.32. The Company has not provided for Cess as specified in section 441 A of the Companies Act, 1956 and in the absence of any
notification by the Central Govt.
2.33. Letters have been written for confirmation of debit and credit balances pertaining to debtors and creditors and reply from the parties
is awaited.
2.34. The Company has prepared these financial statements as per the formatprescribed by Schedule III to the Companies Act’2013 issued
by Ministry of Corporate Affairs.
2.35. Previous year’s figures have been regrouped /rearranged wherever necessary to confirm to current year’s grouping/classification.
2.36.In the opinion of the management, current assets, other advance shave a value not less than what is state din the accounts if realized in
the ordinary course of business.
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of accounting policies, change in accounting policies and Textual information (33) Textual information (34)
changes in estimates explanatory [TextBlock] [See below] [See below]
94
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTES TO FINANCIAL STATEMENTS
NOTE 1: SIGNIFICANT ACCOUNTING POLICIES
1.1. Corporate Information
Sri Srinivasa Dairy Products Private Limited (“The Company”) is a private company domiciled in India and incorporated under The
Companies Act, 1956 now The Companies Act, 2013.The company is engaged in manufacturing ice creams as well as running ice cream
parlours. The company majorly operates through its “SCOOPS” brand of ice creams. Scoops majorly available in the states of Telangana,
Andhra Pradesh, Karnataka and Maharashtra. The company is also in the process to extend its reach to other parts of country. SSDPL
operates two different brands of ice cream parlours known as ‘Temptations’ and Cream Stone’ which caters to the premium segment through
its associate “Sri Venkateswara Agencies”.
1.2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
(a) Basis of Accounting
The financial statements of Sri Srinivasa Dairy Products Private Limited or Company have been prepared and presented under the historical
cost convention, on the accrual basis of accounting in accordance with the accounting principles generally accepted in India (‘Indian GAAP’)
and
with the Accounting standards prescribed in the Companies (Accounting Standards) Rules, 2006 which continue to apply under Section 133
of the Companies Act, 2013 (‘the Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014.
(b) Use of Estimates
The preparation of financial statements is in conformity with Indian GAAP requires judgments, estimates and assumptions to be made that
affect the reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the
period in which the results are known/materialized.
The management believes that the estimates used in preparation of financial statements is prudent and reasonable.
95
(c) Current/ Non-Current Classification
The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current
when it is:
i. Expected to be realized or intended to be sold or consumed in normal operating cycle
ii. Held primarily for the purpose of trading
iii. Expected to be realized within twelve months after the reporting period, or
iv. Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after
the reporting period
All other assets are classified as non-current.
A liability is current when:
i. It is expected to be settled in normal operating cycle
ii. It is held primarily for the purpose of trading
iii. It is due to be settled within twelve months after the reporting period, or
iv. There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.
The company classifies all other liabilities as non-current.
1.3. INVENTORIES:
In determining cost of Raw materials, Work-in-progress and finished goods,weighted average method is used. Cost of inventory comprises
all costs of purchase, duties, taxes (other than those subsequently recoverable from tax authorities) and all other costs incurred in bringing the
inventory to their present location and condition.
1.4. REVENUE / EXPENDITURE RECOGNITION:
i) Revenue from sale of goods is recognized on transfer of all significant risks and rewards of ownership to the customer and is stated
net of discounts. The amount recognized as sale is exclusive of GST and is net of returns & discounts.
ii) Interest income isaccountedforonaccrual basis.
96
iii) Income in the nature of incentives, claims, discounts etc., is recognized as and when the same are confirmed and the right to receive
the same is established.
iv) Expenditure is accounted for on accrual basis and provision is made for all known losses and obligations.
1.5. PROPERTY PLANT & EQUIPMENTS
Property, plant and equipment are stated at original cost net of tax/duty credit availed, less accumulated depreciation and accumulated
impairment losses, if any. When significant parts of Property, plant and equipment are required to be replaced at intervals, the Company
derecognizes the replaced part, and recognizes the new part with its own associated useful life and it is depreciated accordingly. Likewise,
when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognized in the statement of profit and loss as incurred. The
present value of expected cost for decommissioning of the asset after its use is included in the cost of the respective asset if the recognition
criteria for a provision are met.
Capital work in progress includes cost of property, plant and equipment under installation /under development as at the balance sheet date.
Property, plant and equipment are eliminated from financial statements, either on disposal or when retired from active use. Losses arising in
the case of retirement of property, plant and equipment and Gains or losses arising from disposal of property, plant and equipment are
recognized in the statement of profit and loss in the year of occurrence. The asset residual values, useful lives and methods of depreciation
are reviewed at each financial year end and adjusted prospectively, if appropriate.
Advances given towards acquisition of fixed assets outstanding at each balance sheet date are disclosed as “Capital Advance” under Other
Non-Current Assets.
Depreciation on the property, plant and equipment is provided over the useful life of asset as specified in schedule II to the Companies Act
2013. Property, plant and equipment which are added/ disposed of during the year, depreciation is provided on pro rata basis with reference
to the month of addition/ deletion. In case of the following category of property, plant and equipment, the depreciation has been provide
based on the technical evaluation of the remaining useful life which is different from the one specified in schedule II to the Companies Act
2013.Any Capital Expenditure costing Rs. 5,000 or less are treated as a Revenue Expenditure and recognized in the statement of profit and
loss in the year in which it is incurred.
Depreciation on assets has been provided on the straight line method As per the useful life prescribed in Schedule II to the Companies Act,
2013.
Intangible assets are recognized when it is probable that the future economic benefits that are attributable to the assets will flow to the Group
and the cost of the assets can be measured reliably.
Intangible assets are stated at cost or acquisition less accumulated amortization and impairment loss, if any.
Intangible assets including software is amortized over their estimated useful life on straight line basis from the date they are available for
intended use, subject to impairment test.
The estimated useful life of the intangible assets and the amortization period are reviewed at the end of each financial year and the
amortization period is revised to reflect the changed pattern, if any.
Subsequent cost
Subsequent costs incurred for replacement of a major component of an asset should be included in the asset’s carrying cost or recognized as a
separate asset, as appropriate. The carrying value of the replaced component should be recognized to statement of Profit and Loss when
replaced.
De-recognition
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An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future
economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognized.
Gains or losses arising from de-recognition of an intangible assets are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the assets is derecognized.
1.6. FOREIGN CURRENCY TRANSACTIONS AND BALANCES
(a) Initial Recognition
Foreign currency transactions are recorded using the exchange rates prevailing on the date’s respective transactions. Exchange differences
arising on foreign currency transactions settled during the year are recognized in the Statement of Profit and Loss.
(b) Measurement of foreign currency items at the Balance Sheet date
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date, not covered by forward exchange contracts, are
translated at year end rates. The resultant exchange differences are recognized in the Statement of Profit and Loss. Non-Monetary assets are
recorded at the rates prevailing on the date of the transaction.
1.7. INVESTMENTS:
Investments are classified into current and long-term investments. Investments that are readily realizable and intended to be held for not more
than a year from the date of acquisition are classified as current investments. All other investments are classified as long-term investments.
However, that part of long term investments which are expected to be realized within twelve months from Balance Sheet date is also
presented under “Current Investment” under “Current portion of long term investments” in consonance with the current / non-current
classification of Schedule III of the Act.
Current investments are stated at the lower of cost and fair value. The comparison of cost and fair value is done separately in respect of each
category of investments.
Long-term investments are stated at cost. A provision for diminution in the value of long-term investments is made only if such a decline is
other than temporary in the opinion of the management. Reversal of such provision for diminution is made when there is a rise in the value of
long term investment, or if the reasons for the decline no longer exist.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is recognized in the Statement of Profit
and Loss.
1.8. EMPLOYEE BENEFITS:
98
i) Short term employee benefits
All employee benefits which fall due wholly within twelve months after the end of the period in which employee renders the related service
are classified as short-term employee benefits. Undiscounted value of short term benefits such as salaries, wages, bonus and ex-gratia are
recognized in the period in which the employee renders the related service.
ii) Post-employment benefits
a. Defined Contribution Plans:
The State governed provident fund scheme, employee state insurance scheme and employee’s pension scheme are defined contribution plans.
The contribution paid/payable under the scheme is recognized during the period in which the employee renders the related service.
b. DefinedBenefit Plans:
Gratuity: In accordance with applicable Indian Laws, the company provides gratuity, a defined benefit retirement plan (the Gratuity Plan)
covering all employees. The gratuity plan provides a lump sum payment to vested employees, at retirement or termination of employment, an
amount based on the respective employee’s last drawn salary and the years of employment with the company. Liability with regard to
Gratuity Plan is accrued based on actuarial valuation at the Balance Sheet date.
1.9. BORROWING COSTS:
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings and exchange
differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost, if any.
Borrowing costs, which are directly attributable to the acquisition/construction of fixed assets, till the time such assets are ready for intended
use, are capitalized as part of the costs of such assets. Other Borrowing costs are recognized as expenses in the year in which they are
99
incurred.
1.10. LEASES:
(a) Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognized
as operating leases. Lease rentals under operating leases are recognized in the Statements of Profit and Loss on accrual basis.
(b) Assets created on the leasehold property are depreciated over the period of the lease.
1.11. EARNINGS PER SHARE:
The basic earnings per share (‘EPS’) is computed by dividing the net profit after tax for the period attributable to equity shareholders (after
deducting preference dividends and attributable taxes) by weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit after tax for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares. The dilutive
potential equity shares are deemed to be converted as of the beginning of the year, unless they have been issued at a later date.
1.12. TAXES ON INCOME:
i) Currenttaxisdetermined on thebasisofthetaxableincomeandtaxcreditscomputedfor
theyearinaccordancewiththeprovisionsofIncomeTaxAct,1961andbasedonexpected outcome ofassessment/appeals.
ii) Deferredtaxisrecognizedontimingdifferencesbetweentheaccountingincomeandthetaxableincome fortheyear,and quantifiedusingthe

tax ratesandlawsenacted orsubstantivelyenacted ason the balance sheetdate.
iii) Deferred tax assets are recognized and carried forward to the extent there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realized.
iv) Minimum Alternate Tax (MAT) credit is recognized and carried forward to the extent there is convincing evidence that the Company
will pay normal income tax during the specified period. Minimum Alternate Tax to be recognized as an asset in accordance with the
recommendations contained in Guidance Notes issued by The Institute of Chartered Accountants of India, the said asset is created by way of
a credit to the profit and loss account and shown as MAT Credit Entitlement.
1.13. IMPAIRMENT OF ASSETS:
100
An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Profit and
Loss Statement in the year in which an asset is identified as impaired. The impairment loss recognized in prior accounting period is reversed
if there has been a change in the estimate of recoverable amount.
1.14. PROVISIONS:
The Company creates a provision when there exists a present obligation as a result of a past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not
require an outflow of resources.
When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no provision or
disclosure is made.
101
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
NOTES TO FINANCIAL STATEMENTS
NOTE 1: SIGNIFICANT ACCOUNTING POLICIES
1.1. Corporate Information
Sri Srinivasa Dairy Products Private Limited (“The Company”) is a private company domiciled in India and incorporated under The
Companies Act, 1956 now The Companies Act, 2013.The company is engaged in manufacturing ice creams as well as running ice cream
parlours. The company majorly operates through its “SCOOPS” brand of ice creams. Scoops majorly available in the states of Telangana,
Andhra Pradesh, Karnataka and Maharashtra. The company is also in the process to extend its reach to other parts of country. SSDPL
operates two different brands of ice cream parlours known as ‘Temptations’ and Cream Stone’ which caters to the premium segment through
its associate “Sri Venkateswara Agencies”.
1.2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
(a) Basis of Accounting
The financial statements of Sri Srinivasa Dairy Products Private Limited or Company have been prepared and presented under the historical
cost convention, on the accrual basis of accounting in accordance with the accounting principles generally accepted in India (‘Indian GAAP’)
and
with the Accounting standards prescribed in the Companies (Accounting Standards) Rules, 2006 which continue to apply under Section 133
of the Companies Act, 2013 (‘the Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014.
(b) Use of Estimates
The preparation of financial statements is in conformity with Indian GAAP requires judgments, estimates and assumptions to be made that
affect the reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the
period in which the results are known/materialized.
The management believes that the estimates used in preparation of financial statements is prudent and reasonable.
102
(c) Current/ Non-Current Classification
The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current
when it is:
i. Expected to be realized or intended to be sold or consumed in normal operating cycle
ii. Held primarily for the purpose of trading
iii. Expected to be realized within twelve months after the reporting period, or
iv. Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after
the reporting period
All other assets are classified as non-current.
A liability is current when:
i. It is expected to be settled in normal operating cycle
ii. It is held primarily for the purpose of trading
iii. It is due to be settled within twelve months after the reporting period, or
iv. There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.
The company classifies all other liabilities as non-current.
1.3. INVENTORIES:
In determining cost of Raw materials, Work-in-progress and finished goods,weighted average method is used. Cost of inventory comprises
all costs of purchase, duties, taxes (other than those subsequently recoverable from tax authorities) and all other costs incurred in bringing the
inventory to their present location and condition.
1.4. REVENUE / EXPENDITURE RECOGNITION:
i) Revenue from sale of goods is recognized on transfer of all significant risks and rewards of ownership to the customer and is stated
net of discounts. The amount recognized as sale is exclusive of GST and is net of returns & discounts.
ii) Interest income isaccountedforonaccrual basis.
103
iii) Income in the nature of incentives, claims, discounts etc., is recognized as and when the same are confirmed and the right to receive
the same is established.
iv) Expenditure is accounted for on accrual basis and provision is made for all known losses and obligations.
1.5. PROPERTY PLANT & EQUIPMENTS
Property, plant and equipment are stated at original cost net of tax/duty credit availed, less accumulated depreciation and accumulated
impairment losses, if any. When significant parts of Property, plant and equipment are required to be replaced at intervals, the Company
derecognizes the replaced part, and recognizes the new part with its own associated useful life and it is depreciated accordingly. Likewise,
when a major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognized in the statement of profit and loss as incurred. The
present value of expected cost for decommissioning of the asset after its use is included in the cost of the respective asset if the recognition
criteria for a provision are met.
Capital work in progress includes cost of property, plant and equipment under installation /under development as at the balance sheet date.
Property, plant and equipment are eliminated from financial statements, either on disposal or when retired from active use. Losses arising in
the case of retirement of property, plant and equipment and Gains or losses arising from disposal of property, plant and equipment are
recognized in the statement of profit and loss in the year of occurrence. The asset residual values, useful lives and methods of depreciation
are reviewed at each financial year end and adjusted prospectively, if appropriate.
Advances given towards acquisition of fixed assets outstanding at each balance sheet date are disclosed as “Capital Advance” under Other
Non-Current Assets.
Depreciation on the property, plant and equipment is provided over the useful life of asset as specified in schedule II to the Companies Act
2013. Property, plant and equipment which are added/ disposed of during the year, depreciation is provided on pro rata basis with reference
to the month of addition/ deletion. In case of the following category of property, plant and equipment, the depreciation has been provide
based on the technical evaluation of the remaining useful life which is different from the one specified in schedule II to the Companies Act
2013.Any Capital Expenditure costing Rs. 5,000 or less are treated as a Revenue Expenditure and recognized in the statement of profit and
loss in the year in which it is incurred.
Depreciation on assets has been provided on the straight line method As per the useful life prescribed in Schedule II to the Companies Act,
2013.
Intangible assets are recognized when it is probable that the future economic benefits that are attributable to the assets will flow to the Group
and the cost of the assets can be measured reliably.
Intangible assets are stated at cost or acquisition less accumulated amortization and impairment loss, if any.
Intangible assets including software is amortized over their estimated useful life on straight line basis from the date they are available for
intended use, subject to impairment test.
The estimated useful life of the intangible assets and the amortization period are reviewed at the end of each financial year and the
amortization period is revised to reflect the changed pattern, if any.
Subsequent cost
Subsequent costs incurred for replacement of a major component of an asset should be included in the asset’s carrying cost or recognized as a
separate asset, as appropriate. The carrying value of the replaced component should be recognized to statement of Profit and Loss when
replaced.
De-recognition
104
An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future
economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognized.
Gains or losses arising from de-recognition of an intangible assets are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the assets is derecognized.
1.6. FOREIGN CURRENCY TRANSACTIONS AND BALANCES
(a) Initial Recognition
Foreign currency transactions are recorded using the exchange rates prevailing on the date’s respective transactions. Exchange differences
arising on foreign currency transactions settled during the year are recognized in the Statement of Profit and Loss.
(b) Measurement of foreign currency items at the Balance Sheet date
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date, not covered by forward exchange contracts, are
translated at year end rates. The resultant exchange differences are recognized in the Statement of Profit and Loss. Non-Monetary assets are
recorded at the rates prevailing on the date of the transaction.
1.7. INVESTMENTS:
Investments are classified into current and long-term investments. Investments that are readily realizable and intended to be held for not more
than a year from the date of acquisition are classified as current investments. All other investments are classified as long-term investments.
However, that part of long term investments which are expected to be realized within twelve months from Balance Sheet date is also
presented under “Current Investment” under “Current portion of long term investments” in consonance with the current / non-current
classification of Schedule III of the Act.
Current investments are stated at the lower of cost and fair value. The comparison of cost and fair value is done separately in respect of each
category of investments.
Long-term investments are stated at cost. A provision for diminution in the value of long-term investments is made only if such a decline is
other than temporary in the opinion of the management. Reversal of such provision for diminution is made when there is a rise in the value of
long term investment, or if the reasons for the decline no longer exist.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is recognized in the Statement of Profit
and Loss.
1.8. EMPLOYEE BENEFITS:
105
i) Short term employee benefits
All employee benefits which fall due wholly within twelve months after the end of the period in which employee renders the related service
are classified as short-term employee benefits. Undiscounted value of short term benefits such as salaries, wages, bonus and ex-gratia are
recognized in the period in which the employee renders the related service.
ii) Post-employment benefits
a. Defined Contribution Plans:
The State governed provident fund scheme, employee state insurance scheme and employee’s pension scheme are defined contribution plans.
The contribution paid/payable under the scheme is recognized during the period in which the employee renders the related service.
b. DefinedBenefit Plans:
Gratuity: In accordance with applicable Indian Laws, the company provides gratuity, a defined benefit retirement plan (the Gratuity Plan)
covering all employees. The gratuity plan provides a lump sum payment to vested employees, at retirement or termination of employment, an
amount based on the respective employee’s last drawn salary and the years of employment with the company. Liability with regard to
Gratuity Plan is accrued based on actuarial valuation at the Balance Sheet date.
1.9. BORROWING COSTS:
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings and exchange
differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost, if any.
Borrowing costs, which are directly attributable to the acquisition/construction of fixed assets, till the time such assets are ready for intended
use, are capitalized as part of the costs of such assets. Other Borrowing costs are recognized as expenses in the year in which they are
106
incurred.
1.10. LEASES:
(a) Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognized
as operating leases. Lease rentals under operating leases are recognized in the Statements of Profit and Loss on accrual basis.
(b) Assets created on the leasehold property are depreciated over the period of the lease.
1.11. EARNINGS PER SHARE:
The basic earnings per share (‘EPS’) is computed by dividing the net profit after tax for the period attributable to equity shareholders (after
deducting preference dividends and attributable taxes) by weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit after tax for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares. The dilutive
potential equity shares are deemed to be converted as of the beginning of the year, unless they have been issued at a later date.
1.12. TAXES ON INCOME:
i) Currenttaxisdetermined on thebasisofthetaxableincomeandtaxcreditscomputedfor
theyearinaccordancewiththeprovisionsofIncomeTaxAct,1961andbasedonexpected outcome ofassessment/appeals.
ii) Deferredtaxisrecognizedontimingdifferencesbetweentheaccountingincomeandthetaxableincome fortheyear,and quantifiedusingthe

tax ratesandlawsenacted orsubstantivelyenacted ason the balance sheetdate.
iii) Deferred tax assets are recognized and carried forward to the extent there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realized.
iv) Minimum Alternate Tax (MAT) credit is recognized and carried forward to the extent there is convincing evidence that the Company
will pay normal income tax during the specified period. Minimum Alternate Tax to be recognized as an asset in accordance with the
recommendations contained in Guidance Notes issued by The Institute of Chartered Accountants of India, the said asset is created by way of
a credit to the profit and loss account and shown as MAT Credit Entitlement.
1.13. IMPAIRMENT OF ASSETS:
107
An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Profit and
Loss Statement in the year in which an asset is identified as impaired. The impairment loss recognized in prior accounting period is reversed
if there has been a change in the estimate of recoverable amount.
1.14. PROVISIONS:
The Company creates a provision when there exists a present obligation as a result of a past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not
require an outflow of resources.
When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no provision or
disclosure is made.
[201700] Notes - Government grants

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
108
[201200] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] GRATUITY PLAN
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [LineItems]
Reconciliation of changes in present value of defined benefit
obligation [Abstract]
Changes in defined benefit obligation, at present value
[Abstract]
Increase (decrease) through current service cost, defined
3,73,746 0
benefit obligation, at present value
Increase (decrease) through past service cost, defined
51,48,303 0
benefit obligation, at present value
Total changes in defined benefit obligation, at present value 55,22,049 0
Defined benefit obligation, at present value at end of period 55,22,049 0 0
Reconciliation of changes in fair value of plan assets [Abstract]
Recognised assets and liabilities of defined benefit plans
[Abstract]
Recognised liabilities, defined benefit plan 0 0
Recognised assets, defined benefit plan -55,22,049 0
Net liability (asset) of defined benefit plans 55,22,049 0
Reconciliation of liability asset of defined benefit plans
[Abstract]
Defined benefit obligation, at present value 55,22,049 0 0
Net liability (asset) of defined benefit plans 55,22,049 0
Recognised expense of defined benefit plans [Abstract]
Current service cost, defined benefit plan 3,73,746 0
Past service cost recognised in profit or loss, defined
51,48,303 0
benefit plan
Total post-employment benefit expense, defined benefit
55,22,049 0
plans
Actuarial assumption [Abstract]
Actuarial assumption of discount rates 7.65% 0.00%
Actuarial assumption of expected rates of salary increases 6.00% 0.00%
Experience adjustments on plan assets and plan liabilities
[Abstract]
Defined benefit obligation, at present value 55,22,049 0 0
Net surplus (deficit) in plan -55,22,049 0

01/04/2018
to
31/03/2019
Disclosure of employee benefits explanatory [TextBlock] [See below]
109
Disclosure of employee benefits explanatory [Text Block]

2.25. Employee Benefits
a. Plan Description
Gratuity plan:
The Company has a defined benefit plan for qualifying employees wherein every employee is entitled to the benefit equivalent to fifteen days
salary last drawn for each completed year of service. The same is payable on termination of service or retirement whichever is earlier. The
benefit vests after five years of continuous service. The scheme is unfunded.
A summary of the Gratuity plans are as follows
Assumptions Gratuity Plan
2018-19
Discount Rate 7.65%
Rate of increase in Compensation levels 6.00%
Rate of Return on Plan Assets -
Expected Average remaining working lives of employees (years) 26.02Yrs
Changes in Present Value of Obligations 2018-19
Present Value of Obligation as at the beginning of the year -
Interest Cost -
Current Service Cost 3,73,746
110
Prior Service Cost – Vested Benefit 51,48,303
Benefits paid -
Actuarial (gain)/ loss on obligations -
Present Value of Obligation as at the end of the year 55,22,049
Amount to be recognized in Balance Sheet
Present Value of Obligation as at the end of the year 55,22,049
Fair Value of Plan Assets as at the end of the year -
Funded Status -
Net Asset / (Liability) Recognized in Balance Sheet 55,22,049
Current Service Cost 3,73,746
Prior Service Cost 51,48,303
Interest Cost -
Expected Return on Plan Assets -
Net actuarial (gain)/ loss recognized in the year -
Expenses Recognized in the Statement of Profit & Loss 55,22,049
[201600] Notes - Related party

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year No No
Whether company is subsidiary company No No
111
Disclosure of notes on related party explanatory [Text Block]

2.26 Relatedparties’ disclosure:
Information of Related Party Transactions as required by AS 18 on “Related Party Disclosures” for the year ended 31st March, 2019:
A. List of Related Parties
(I) Directors and their Relatives
Mr. GovinddasParmananddas Shah
Mr. Sudhir Madan Mohan Das Shah
Mr. Sunil Madan Mohan Das Shah
Mr. AmrishGovinddas Das Shah
Mr. Amit Madan Mohan Das Shah
Mr. VirenGovinddas Shah
(II) Key Managerial Person
Mr. Paras Gupta – Company Secretary
[201400] Notes - Leases

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
112
[300300] Notes - Earnings per share

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of earnings per share explanatory [TextBlock] [See below]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 44,10,000 [shares] 14,70,000
Diluted weighted average shares [shares] 44,10,000 [shares] 14,70,000
Adjustments of numerator to calculate basic earnings per share [Abstract]
Numerator to calculate basic earnings per share 44,10,000 14,70,000
Profit (loss) for period 5,99,66,040 3,56,44,702
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Numerator to calculate diluted earnings per share 44,10,000 14,70,000
Profit (loss) for period 5,99,66,040 3,56,44,702
Disclosure of earnings per share explanatory [Text Block]

2.25. EarningsPer Share (EPS):
Year
Year
Particulars
2018 – 19
2017-18
Earnings
Net profit / (Loss) for the period 5,93,38,233 3,50,16,895
Shares
Number of shares at the beginning of the period 14,70,000 14,70,000
Add: Shares issued during the period 29,40,000 -
Total number of equity shares outstanding at the end of the period 44,10,000 14,70,000
Weighted average number of equity shares outstanding during the period 44,10,000 14,70,000
Earnings per share of par value Rs.10/- Basic (Rs) 13.46 23.82
Number of share Shares Warrants issued -
Weighted average number of equity shares outstanding during the period for Diluted EPS 44,10,000 14,70,000
Earnings per share of par value Rs.100/- Diluted (Rs) 13.46 23.82
113
[202800] Notes - Subsidiary information

01/04/2018
to
31/03/2019
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[201900] Notes - Income taxes

01/04/2018
to 31/03/2018
31/03/2019
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, other 0 0
Total deferred tax assets 0 0
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 66,98,701 1,17,14,532
Total deferred tax liabilities 66,98,701 1,17,14,532
Disclosure of notes on income taxes explanatory [Text Block]
Note 2.4 : Defered Tax Liability As at As at
31.03.2019 31.03.2018
Rs. Rs.
Defered Tax Liability 6,698,701 11,714,532
TOTAL 6,698,701 11,714,532
[202400] Notes - Investments in associates

01/04/2018
to
31/03/2019
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
114
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2018
to
31/03/2019
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202700] Notes - Cash flow statements

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 50,09,914 39,05,637 81,43,559
Total cash and cash equivalents 50,09,914 39,05,637
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 2,23,71,017 1,37,33,142
Total income taxes paid (refund) 2,23,71,017 1,37,33,142
115
[100200] Statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
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 82,04,03,142 69,03,78,549
Revenue from sale of services 0 0
Other operating revenues 1,90,38,320 2,53,35,434
Total revenue from operations other than finance company 83,94,41,462 71,57,13,983
Total revenue from operations 83,94,41,462 71,57,13,983
Other income 20,37,415 5,72,027
Total revenue 84,14,78,877 71,62,86,010
Expenses [Abstract]
Cost of materials consumed 45,59,13,517 40,48,37,892
Changes in inventories of finished goods, work-in-progress and
37,28,526 25,96,721
stock-in-trade
Employee benefit expense 10,36,80,458 9,01,53,213
Finance costs 51,59,138 83,62,319
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 2,65,18,634 2,20,93,516
Total depreciation, depletion and amortisation expense 2,65,18,634 2,20,93,516
CSR expenditure 0 0
Other expenses 16,91,57,378 13,87,11,568
Total expenses 76,41,57,651 66,67,55,229
Total profit before prior period items, exceptional items, extraordinary
7,73,21,226 4,95,30,781
items and tax
Total profit before extraordinary items and tax 7,73,21,226 4,95,30,781
Total profit before tax 7,73,21,226 4,95,30,781
Tax expense [Abstract]
Current tax 2,23,71,017 1,32,44,575
Deferred tax -50,15,831 6,41,504
Total tax expense 1,73,55,186 1,38,86,079
Total profit (loss) for period from continuing operations 5,99,66,040 3,56,44,702
Total profit (loss) for period before minority interest 5,99,66,040 3,56,44,702
Total profit (loss) for period 5,99,66,040 3,56,44,702
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 13.46 [INR/shares] 23.82
Diluted earnings per equity share [INR/shares] 13.46 [INR/shares] 23.82
116
[300500] Notes - Subclassification and notes on income and expenses

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
Disclosure of revenue from sale of products [Abstract]
Disclosure of revenue from sale of products explanatory [TextBlock] [See below]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 82,04,03,142 69,03,78,549
Total revenue from sale of products 82,04,03,142 69,03,78,549
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 1,90,38,320 2,53,35,434
Total other operating revenues 1,90,38,320 2,53,35,434
Disclosure of other income [Abstract]
Disclosure of notes on other income explanatory [TextBlock] [See below]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on other current investments 1,36,850 3,20,816
Total interest income on current investments 1,36,850 3,20,816
Total interest income 1,36,850 3,20,816
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 19,00,565 2,51,211
Total other non-operating income 19,00,565 2,51,211
Total other income 20,37,415 5,72,027
Disclosure of finance cost [Abstract]
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Interest expense borrowings 40,44,372 76,16,389
Other interest charges 11,14,766 7,45,930
Total interest expense 51,59,138 83,62,319
Total finance costs 51,59,138 83,62,319
Employee benefit expense [Abstract]
Salaries and wages 7,35,66,556 7,15,08,391
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 2,02,50,000 1,35,00,000
Total remuneration to directors 2,02,50,000 1,35,00,000
Total managerial remuneration 2,02,50,000 1,35,00,000
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 78,74,519 26,48,613
Total contribution to provident and other funds 78,74,519 26,48,613
Staff welfare expense 19,89,383 24,96,209
Total employee benefit expense 10,36,80,458 9,01,53,213
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 2,94,20,163 2,48,94,740
Rent 1,02,27,210 1,52,03,872
Repairs to building 0 0
Repairs to machinery 1,58,15,809 2,50,17,444
Insurance 6,35,721 6,30,887
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 48,81,992 72,26,804
Total rates and taxes excluding taxes on income 48,81,992 72,26,804
Telephone postage (A) 6,55,356 (B) 3,95,871
117
Printing stationery 1,77,140 1,52,689

Travelling conveyance 46,91,876 42,56,982
Legal professional charges 60,80,438 45,38,614
Vehicle running expenses 1,49,20,527 90,23,568
Safety security expenses 22,87,373 25,98,613
Directors sitting fees 0 0
Bank charges 12,43,509 5,00,235
Advertising promotional expenses 1,04,12,946 1,05,68,970
Cost water charges 11,88,473 12,58,965
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off (C) 40,23,282
(D) 0
Total miscellaneous expenditure written off 40,23,282 0

Fixed assets written off 50,00,000 0
Bad debts written off 39,52,315 0
Bad debts advances written off 0 0
Total write-off assets 1,29,75,597 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 5,00,000 2,20,000
Total payments to auditor 5,00,000 2,20,000
Miscellaneous expenses (E) 5,30,43,248 (F) 3,22,23,314

Total other expenses 16,91,57,378 13,87,11,568
Current tax [Abstract]
Current tax pertaining to current year 2,23,71,017 1,32,44,575
Total current tax 2,23,71,017 1,32,44,575
Footnotes
(A) Communication Expenses : 516096 Postage : 139260
(B) Communication Expenses : 325015 Postage : 70856
(C) Deposits written off : 4023282
(D) Deposits written off : 0
(E) Carriage Inward : 2878302 Office Maintanance : 132305 Misc Exp : 26478908 Etp Expenses : 7500624 Spares : 7363404
Dispatch and Storage charges : 8163322 Lab Equipment : 269167 Analysis Expenses : 257216 Prior Period Item : 0
(F) Carriage Inward : 3597621 Office Maintanance : 180565 Misc Exp : 14951890 Etp Expenses : 4023568 Spares : 1608733
Dispatch and Storage charges : 7456321 Lab Equipment : 155600 Analysis Expenses : 172516 Prior Period Item : 76500
118
Subclassification and notes on income and expense explanatory [Text Block]
Note 2.20 : COST OF MATERIAL CONSUMED For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. .
Opening stock 56,671,846 57,127,149
Add :Purchases 459,387,103 404,382,589
Less: Closing Stock (60,145,432) (56,671,846)
TOTAL 455,913,517 404,837,892
Note 2.21 : CHANGES IN INVENTORIES OF STOCK IN TRADE For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Closing stock of finished Goods (A) 14,981,451 18,709,977
Opening stock of finished Goods (B) 18,709,977 21,306,698
(Increase)/Decrease in stocks (B-A) 3,728,526 2,596,721
Note 2.24 : ADMINISTRATION AND OTHER EXPENSE For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Communication Expenses 516,096 325,015
Legal & Consultancy Charges 6,080,438 4,538,614
Carriage Inward 2,878,302 3,597,621
Water Charges 1,188,473 1,258,965
bad debts written off 3,952,315 -
119
Office Maintanance 132,305 180,565
Marketing & Ad Expenses 10,412,946 10,568,970
Postage 139,260 70,856
Vehicle exp 14,920,527 9,023,568
Misc Exp 26,478,907 14,951,890
Etp Expenses 7,500,624 4,023,568
Deposits written off 4,023,282 -
Fixed assets written off 5,000,000 -
Insurance 635,721 630,887
Spares 7,363,404 1,608,733
Bank Charges 1,243,509 500,235
Printing and Stationary 177,140 152,689
Dispatch and Storage charges 8,163,322 7,456,321
Power and fuel 29,420,163 24,894,740
Security Service Charges 2,287,373 2,598,613
Rates & Taxes 4,881,992 7,226,804
Rent and hire charges 10,227,210 15,203,872
Lab Equipment 269,167 155,600
Repairs and maintenance 15,815,809 25,017,444
Analysis Expenses 257,216 172,516
Prior Period Item - 76,500
Auditor's Fee 500,000 220,000
Travelling & Conveyance 4,691,873 4,256,982
120
TOTAL 169,157,377 138,711,568
Note 2.22 : EMPLOYEE BENEFIT EXPENSES For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Salaries and wages 73,566,556 71,508,391
Contribution to provident and other funds 7,874,519 2,648,613
Managerial Remuneration 20,250,000 13,500,000
Staff welfare expenses 1,989,384 2,496,209
TOTAL 103,680,458 90,153,213
Disclosure of revenue from sale of products explanatory [Text Block]
Note 2.18 : REVENUE FROM OPERATIONS For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Sales and services:
Sales Of Products 820,403,142 690,378,549
Other Operating Revenue 19,038,320 25,335,434
TOTAL 839,441,462 715,713,983
121
Disclosure of notes on other income explanatory [Text Block]
Note 2.19 : OTHER INCOME For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Interest Income 136,850 320,816
Other Non-Operating Income 1,900,565 251,211
TOTAL 2,037,415 572,027
Disclosure of notes on finance cost explanatory [Text Block]
Note 2.23: FINANCE COSTS For the year ended 31.03.2019 For the year ended 31.03.2018
Rs. Rs.
Interest expense 4,044,372 7,616,389
Interest_Others 1,114,766 745,930
TOTAL 5,159,138 8,362,319
122
[300600] Notes - Additional information statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods 37,28,526 25,96,721
Total changes in inventories of finished goods, work-in-progress and
37,28,526 25,96,721
stock-in-trade
Expenditure on other matters (A) 42,90,800
0
Expenditure on dividend paid 0 0

Total expenditure in foreign currency 42,90,800 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 82,04,03,142 69,03,78,549
Total domestic turnover goods, gross 82,04,03,142 69,03,78,549
Total revenue from sale of products 82,04,03,142 69,03,78,549
Total revenue from sale of services 0 0
Capital expenditure in foreign currency 3,10,00,779 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Towards Raw Material & Consumables
[300100] Notes - Revenue

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (43) Textual information (44)
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
Disclosure of revenue explanatory [Text Block]
Particulars Notes Year Year
2018-19 2017-18
Rs. Rs.
REVENUES
Revenue from operations 2.18 839,441,462 715,713,983
Other income 2.19 2,037,415 572,027
TOTAL REVENUES 841,478,877 716,286,010
123
Disclosure of revenue explanatory [Text Block]
Particulars Notes Year Year
2018-19 2017-18
Rs. Rs.
REVENUES
Revenue from operations 2.18 839,441,462 715,713,983
Other income 2.19 2,037,415 572,027
TOTAL REVENUES 841,478,877 716,286,010
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
GOVINDDAS SUDHIR MADAN S U N I L AMRISH
Name of key managerial personnel or director PARMANANDDAS MOHAN DAS MADANMOHANDAS GOVINDDAS
SHAH SHAH SHAH SHAH
Director identification number of key managerial
00616052 00616244 00616314 01490280
personnel or director
Date of birth of key managerial personnel or
19/04/1948 26/08/1961 04/10/1963 24/05/1978
director
Designation of key managerial personnel or director Managing Director Director Director Director
B.COM, P.G.
Qualification of key managerial personnel or DIPLOMA IN
B.COM, L.L.B B.COM B.COM
director HOTEL
MANAGEMENT
Shares held by key managerial personnel or director [shares] 8,17,500 [shares] 5,47,500 [shares] 5,47,500 [shares] 3,37,500
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 40,50,000 33,75,000 33,75,000 30,37,500
Profits in lieu of salary key managerial
0 0 0 0
personnel or director
Gross salary to key managerial personnel or
40,50,000 33,75,000 33,75,000 30,37,500
director
Total key managerial personnel or director
40,50,000 33,75,000 33,75,000 30,37,500
remuneration
124
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] 5 6
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
A M I T VIREN
Name of key managerial personnel or director MADANMOHANDAS GOVINDAS
SHAH SHAH
Director identification number of key managerial personnel or director 02360555 03491887
Date of birth of key managerial personnel or director 16/01/1976 26/02/1980
Designation of key managerial personnel or director Director Director
Qualification of key managerial personnel or director B.COM B.COM, MBA
Shares held by key managerial personnel or director [shares] 5,85,000 [shares] 3,37,500
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 33,75,000 30,37,500
Profits in lieu of salary key managerial personnel or director 0 0
Gross salary to key managerial personnel or director 33,75,000 30,37,500
Total key managerial personnel or director remuneration 33,75,000 30,37,500
[301000] Notes - Corporate social responsibility

01/04/2018
to
31/03/2019
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
125

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SRI SRINIVASA DAIRY PRODUCTS PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2018 to 31/03/2019

[400100] Disclosure of general information about company

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

[400400] Disclosures - Directors report

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

Unless otherwise specified, all monetary values are in INR

Particulars of contracts/arrangements with related parties under section A s

Disclosure of extract of annual return as provided under section 92(3) A s

Disclosure of statement on declaration given by independent directors A s

Disclosure for companies covered under section 178(1) on

Disclosure of statement on development and implementation of risk A s

Details on policy development and implementation by company on

Details of directors or key managerial personnels who were A s

Disclosure of companies which have become or ceased to be its

Details relating to deposits covered under chapter v of companies act A s

Details of deposits which are not in compliance with requirements A s

Details of significant and material orders passed by

Details regarding adequacy of internal financial controls with A s

Disclosure of contents of corporate social responsibility policy A s

Disclosure of appointment and remuneration of managerial personnels A s

Disclosure of composition of audit committee and non-acceptance

Disclosure of policy formulated by nomination and remuneration

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Financial Indicators 2018-19 2017-18

Net Sales / Income from Operations 83,94,41,462 71,57,13,983

Other Income 20,37,415 5,72,027

Total Expenses 76,41,57,651 66,67,55,229

Profit Before Tax 7,73,21,226 4,95,30,781

Current Tax 2,23,71,017 1,32,44,575

Deferred Tax -50,15,831 6,41,504

Profit After Tax 5,99,66,040 3,56,44,702

DIRECTORS’ RESPONSIBILITY STATEMENT

DISCLOSURES UNDER SECTION 134 OF THE COMPANIES ACT, 2013

State of affairs of the company:

Transfer of Unclaimed Dividend to Investor Education and Protection Fund :

Review of Business Operations and Future Prospects:

Particulars of Contracts or Arrangements Made With Related Parties :

Disclosure of Composition of Audit Committee and Providing Vigil Mechanism:

Weblink of Annual Return:

Maintenance of Cost Records:

Details of Board Meetings held during the Year:

Subsidiaries, Joint Ventures and Associate Companies:

Adequacy of Internal Financial Controls With Reference to Financial Statements:

Research and Development : Not Applicable

Technology Absorption : Not Applicable

Foreign Exchange Earnings : Nil

44,900) detailed as under:

Towards Capital Expenditure: Rs.3,10,00,779/- (Euro 3,77,527)

Towards Raw Material & : :Rs.42,90,800 /- (44,900Aus Dollars)

By Order of the Board

For Sri Srinivasa Dairy Products Private Limited

Sudhir Madan Mohan Das Shah Govinddas Parmananddas Shah

Managing Director Chairman & Director

(DIN: 00616244) (DIN: 00616052)

ANNEXURE TO DIRECTORS REPORT

1. Energy Conservation measures taken by the Company:

· Improving power factor by optimum choice of power factor improvement capacitors

2. Additional investments and proposal for reduction of consumption of energy:

FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY

PARTICULARS 2018-19 2017-18

Production of Ice Cream [Ltrs]

A] POWER AND FUEL CONSUMPTION: