ANNUAL REPORT 2022-23

Balance Sheet as at March 31st,2023

As at 31.03.2023 As at 31.03.2022
Particulars Notes
(Amount in lakhs) (Amount in lakhs)
A. ASSETS
1. NON-CURRENT ASSETS
(a) Property , Plant and Equipment 2 1,435.46 1,492.43
(b) Capital Work-in Progress 2 - -
(b) Capital WIP 2 12.97 -
(c) Financial Assets
i) Investments 3 0.24 0.24
ii) Loans 4 650.09 638.07
iii) Others 5 492.07 277.92
(d) Deferred tax Asset (Net) 6 14.96 48.75
(e) Other non current assets 7 177.04 147.92

Total Non current assets 2,782.84 2,605.33

2. CURRENT ASSETS
(a) Inventories 8 2,215.56 2,578.31
(b) Financial Assets
i. Trade Receivables 9 2,094.68 1,790.10
ii. Cash and cash equivalent 10 22.72 27.70
iii. Bank balances other than cash and cash equivalent 11 5.81 -
(c) Current Tax Assets(net) 12 5.45 10.31
(d) Other current assets 13 96.65 91.64
Total Current Assets 4,440.87 4,498.06
TOTAL ASSETS 7,223.71 7,103.39

B.EQUITY & LIABILITIES

1. EQUITY:
(a) Equity Share Capital 14 556.63 556.63
(b) Other Equity 15 4,509.06 4,433.13
Total Shareholders Fund 5,065.69 4,989.76
2. NON-CURRENT LIABILITIES
(a) Financial Liabilities
i. Borrowings 15 - -
(a) Provisions 16 70.38 98.83
Total Non-Current liabilities 70.38 98.83
3. CURRENT LIABILITIES
(a) Financial Liabilities
i. Borrowings 17 1,548.45 1,675.59
ii. Trade Payables 18
Total Outstanding dues of Micro and small Enterprises 109.14 83.66
Total Outstanding dues of Creditors other than Micro and small Enter- 281.25 149.62
prises
iii. Other financial liabilities 19 65.99 21.68
(b) Short term Provisions 20 73.00 71.34
(c) Other Current Liabilities 21 9.81 12.92
Total Current liabilities 2,087.64 2,014.80
TOTAL EQUITY & LIABILITIES 7,223.71 7,103.39
Notes from 01 to 42 form the integral part of Financial statements
On behalf of the board of directors,

AS PER OUR REPORT ATTACHED OF EVEN DATE

Shyam Daga Rajiv Daga For GRV & PK
Managing Director Director Chartered Accountants
DIN: 00561803 DIN:01412917 Firm Reg. No. 008099S


Raju Ram Prajapat Siva Kiran Mavoori (Kamal Kishore)
Chief Financial Officer Company Secretary Partner
BDYPP2041Q COTPM0263A Membership No. 205819
Place: Bangalore UDIN: 23205819BGXZVE6675
Date : 26/05/2023

59
ANNUAL REPORT 2022-23

Statement of Profit & Loss Account for the period March 31st , 2023

Figures at the Figures at the

end of Current end of Previous
PARTICULARS Schedule
Reporting Period Reporting Period
(Amount in lakhs) (Amount in lakhs)
INCOME :
Sale of Products & other operating revenue 22 5,049.52 4,200.01
Less : Excise Duty
Net Sales 5,049.52 4,200.01
Other Income 23 115.26 106.62
TOTAL INCOME 5,164.77 4,306.62
EXPENSES :
Cost of Goods consumed 24 1,987.97 2,105.39
Purchase of Stock In Trade 25 1,542.95 922.84
Changes in Inventories of Finished Goods, Stock-in-process and stock- 26 138.15 47.09
in-trade
Employee Benefit Expenses 27 370.25 394.30
Finance Cost 28 163.17 185.02
Depreciation & Ammortisation Expense 2 129.28 122.80
Other Expenses 29 723.02 499.07
TOTAL EXPENSES 5,054.79 4,276.50
PROFIT BEFORE TAXATION 109.99 30.12
Tax Expenses:
Current Tax 4.22 -
Deferred Tax Liability 32.76 5.54
Taxes of earlier year - -
PROFIT FOR THE YEAR 73.01 24.58
Other Comprehensive Income
A i) Items that will not be reclassified to profit or loss
Defined benefit plan acturial gains/(losses) 3.95 9.37
ii) Income Tax relating to items that will not be reclassified to profit or (1.03) (2.44)
loss
B i) Items that will be reclassified to profit or loss
Dimunision in the value of Investment - -
ii) Income Tax relating to items that will not be reclassified to profit or - -
loss
Other Comprehensive Income net of tax 2.93 6.93

Total Comprehensive Income for the year, net of tax 75.93 31.51
Earning Per Share ( Rs.)
Basic & diluted 1.31 0.44
Notes from 01 to 42 form the integral part of Financial statements
On behalf of the board of directors,

AS PER OUR REPORT ATTACHED OF EVEN DATE

Shyam Daga Rajiv Daga For GRV & PK
Managing Director Director Chartered Accountants
DIN: 00561803 DIN:01412917 Firm Reg. No. 008099S


Raju Ram Prajapat Siva Kiran Mavoori (Kamal Kishore)
Chief Financial Officer Company Secretary Partner
BDYPP2041Q COTPM0263A Membership No. 205819
Place: Bangalore UDIN: 23205819BGXZVE6675
Date : 26/05/2023

60
ANNUAL REPORT 2022-23

Statement Of Cash Flow

Amount in lakhs Amount in lakhs
FOR YEAR ENDED FOR YEAR ENDED
PARTICULARS
31 MARCH, 2023 31 MARCH, 2022
A. Cash flows arising from operating activities
Net Profit/(Loss) Before Tax 109.99 30.12
Add: Depreciation 129.28 122.80
Interest Paid 132.89 155.63
Loss on Sale of FA - -
Less: Other comprehensive (Income)/loss (3.95) (9.37)
376.11 317.92
Less: Profit on sale of Investment - -
Interest Received 80.67 86.73
295.44 231.19
Operating profit before working capital changes
(Increase)/Decrease in Inventory 362.75 38.49
(Increase)/Decrease in Debtors (304.58) 156.33
(Increase)/Decrease in Loans & Advances (23.82) 84.26
Increase/(Decrease) in Trade Payables 157.11 (242.76)
Increase/(Decrease) in Provisions (26.79) (33.13)
Increase/(Decrease) in other current liabilities 41.20 (62.48)
Cash flow from Operations 501.31 171.89
Payment of Income Tax 9.67 10.31
Net Cash Flow from Operating Activities 491.64 161.58
B. Cash flows arising from Investment activities
Inflows:
Receipt/(Lending) of Loans and Advance 137.98 99.78
FD matured -
Sale of Investment - -
Interest Received 80.67 86.73
Outflows:
Loans & Advances Advanced 150.00 -
Investment in Fixed Assets 72.30 35.12
Change in WIP 12.97 -
FD Made with bank 219.96 -
Purchase of Investment - -
(236.59) 151.40
C. Cash flows arising from finance activities
Inflows:
Proceeds of Secured Loan 392.18 475.59
Outflows:
Repayment of Secured Loan 519.32 669.77
Interest paid 132.89 (260.03) 155.63 (349.81)
Cash flow from all activities-(A+B+C) (4.98) (36.84)
Add: Cash & cash equivalents at beginning of the year 27.70 64.53
Cash & cash equivalents at year end of the year 22.72 27.70
Notes from 01 to 42 form the integral part of Financial statements

AS PER OUR REPORT ATTACHED OF EVEN DATE

Shyam Daga Rajiv Daga For GRV & PK
Managing Director Director Chartered Accountants
DIN: 00561803 DIN:01412917 Firm Reg. No. 008099S


Raju Ram Prajapat Siva Kiran Mavoori (Kamal Kishore)
Chief Financial Officer Company Secretary Partner
BDYPP2041Q COTPM0263A Membership No. 205819
Place: Bangalore UDIN: 23205819BGXZVE6675
Date : 26/05/2023
61
ANNUAL REPORT 2022-23

Statement of changes in equity

A. EQUITY SHARE CAPITAL

(Amount in lakhs)
Balance as at April 1, 2022 Changes in Restated Changes in Balance as
Equity share Balance as at Equity Share at March 31,
capital due to April 1, 2022 Capital during 2023
prior period the year
errors
556.63 - 556.63 - 556.63

Balance as at April 1, 2021 Changes in Restated Changes in Balance as

Equity share Balance as at Equity Share at March 31,
capital due to April 1, 2021 Capital during 2022
prior period the year
errors
556.63 - 556.63 - 556.63

B. OTHER EQUITY
(Amount in lakhs)
Particulars (As at 31st March 2023)
Share Premi- Retained Other Com- Capital Sub- Total Other
um Earnings prehensive sidy Equity
Income
Opening Balance 2,948.32 1,464.81 20.00 - 4,433.13
Add: Profit for the Period 73.01 73.01
Add: Other Comprehensive Income/ 2.93 2.93
(Loss)
Total Comprehensive Income for the 2,948.32 1,537.82 22.93 - 4,509.06
period

Closing Balance 2,948.32 1,537.82 22.93 - 4,509.06

(Amount in lakhs)
Particulars (As at 31st March 2022)
Share Premi- Retained Other Com- Capital Sub- Total Other
um Earnings prehensive sidy Equity
Income
Opening Balance 2,948.32 1,440.23 13.07 - 4,401.62
Add: Profit for the Period 24.58 24.58
Add: Other Comprehensive Income/ 6.93 6.93
(Loss)
Total Comprehensive Income for the 2,948.32 1,464.81 20.00 - 4,433.13
period

Closing Balance 2,948.32 1,464.81 20.00 - 4,433.13

Notes from 01 to 42 form the integral part of Financial statements

AS PER OUR REPORT ATTACHED OF EVEN DATE

Shyam Daga Rajiv Daga For GRV & PK
Managing Director Director Chartered Accountants
DIN: 00561803 DIN:01412917 Firm Reg. No. 008099S


Raju Ram Prajapat Siva Kiran Mavoori (Kamal Kishore)
Chief Financial Officer Company Secretary Partner
BDYPP2041Q COTPM0263A Membership No. 205819
Place: Bangalore UDIN: 23205819BGXZVE6675
Date : 26/05/2023
62